UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number: 811-07589
THE HARTFORD MUTUAL FUNDS, INC.
(Exact name of registrant as specified in charter)
P. O. Box 2999, Hartford, Connecticut 06104-2999
(Address of Principal Executive Offices)
Edward P. Macdonald, Esquire
Life Law Unit
The Hartford Financial Services Group, Inc.
200 Hopmeadow Street
Simsbury, Connecticut 06089
(Name and Address of Agent for Service)
Registrant's telephone number, including area code: (860) 843-9934
Date of fiscal year end: October 31, 2006
Date of reporting period: November 1, 2006 - April 30, 2007
Form N-CSR is to be used by management investment companies to file reports with
the Commission not later than 10 days after the transmission to stockholders of
any report that is required to be transmitted to stockholders under Rule 30e-1
under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may
use the information provided on Form N-CSR in its regulatory, disclosure review,
inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR,
and the Commission will make this information public. A registrant is not
required to respond to the collection of information contained in Form N-CSR
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW,
Washington, DC 20549-0609. The OMB has reviewed this collection of information
under the clearance requirements of 44 U.S.C. Section 3507.
ITEM 1. REPORTS TO STOCKHOLDERS.
<Table>
Semiannual Report
April 30, 2007 (STAG PHOTO)
</Table>
- Manager Discussions
- Financials
Please note that the responses to the
questions: How did the Fund perform?,
Why did the Fund perform this way? and
What is your outlook? represent the
views of the portfolio manager(s) of the
applicable fund.
(THE HARTFORD LOGO)
THE HARTFORD MUTUAL FUNDS, INC.
THE HARTFORD MUTUAL FUNDS II, INC.
TABLE OF CONTENTS
Manager Discussions (Unaudited) 1
The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc.
Financial Statements
Schedule of Investments at April 30, 2007 (Unaudited)
The Hartford Advisers Fund 100
The Hartford Balanced Allocation Fund 106
The Hartford Balanced Income Fund 107
The Hartford Capital Appreciation Fund 117
The Hartford Capital Appreciation II Fund 120
The Hartford Conservative Allocation Fund 124
The Hartford Disciplined Equity Fund 125
The Hartford Dividend and Growth Fund 127
The Hartford Equity Growth Allocation Fund (formerly The Hartford
Aggressive Growth Allocation Fund) 129
The Hartford Equity Income Fund 130
The Hartford Floating Rate Fund 132
The Hartford Fundamental Growth Fund (formerly The Hartford Focus
Fund) 146
The Hartford Global Communications Fund 148
The Hartford Global Financial Services Fund 150
The Hartford Global Health Fund 152
The Hartford Global Leaders Fund 154
The Hartford Global Technology Fund 156
The Hartford Growth Allocation Fund 158
The Hartford Growth Fund 159
The Hartford Growth Opportunities Fund 161
The Hartford High Yield Fund 163
The Hartford Income Allocation Fund 170
The Hartford Income Fund 171
The Hartford Inflation Plus Fund 180
The Hartford International Capital Appreciation Fund 182
The Hartford International Opportunities Fund 185
The Hartford International Small Company Fund 188
The Hartford LargeCap Growth Fund 191
The Hartford MidCap Fund 193
The Hartford MidCap Growth Fund 195
The Hartford MidCap Value Fund 198
The Hartford Money Market Fund 200
The Hartford Retirement Income Fund 202
The Hartford Select MidCap Growth Fund 203
The Hartford Select MidCap Value Fund 206
The Hartford Select SmallCap Value Fund 209
The Hartford Short Duration Fund 215
The Hartford Small Company Fund 220
The Hartford SmallCap Growth Fund 225
The Hartford Stock Fund 229
The Hartford Target Retirement 2010 Fund 231
The Hartford Target Retirement 2020 Fund 232
The Hartford Target Retirement 2030 Fund 233
The Hartford Tax-Free California Fund 234
The Hartford Tax-Free Minnesota Fund 237
The Hartford Tax-Free National Fund 239
The Hartford Tax-Free New York Fund 245
The Hartford Total Return Bond Fund 247
The Hartford U.S. Government Securities Fund 257
The Hartford Value Fund 259
The Hartford Value Opportunities Fund 261
Statements of Assets and Liabilities at April 30, 2007
(Unaudited) 264
Statements of Operations for the Six-month Period Ended
April 30, 2007 (Unaudited) 274
Statements of Changes in Net Assets for the Six-month
Period Ended April 30, 2007 (Unaudited) and Year Ended
October 31, 2006 284
Notes to Financial Statements (Unaudited) 302
Financial Highlights (Unaudited) 347
Directors and Officers (Unaudited) 376
How to Obtain a Copy of the Funds' Proxy Voting Policies and
Proxy Voting Records (Unaudited) 377
Expense Example (Unaudited) 378
Shareholder Meeting Results (Unaudited) 386
Approval of Amended Investment Sub-Advisory Agreement (Unaudited) 388
The Hartford Advisers Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS MAXIMUM LONG-TERM
TOTAL RETURN.
PERFORMANCE OVERVIEW(3) 4/30/97 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS
GOVERNMENT/CREDIT BOND
ADVISERS FUND S&P 500 INDEX INDEX
------------- ------------- ----------------------
4/30/97 9450 10000 10000
9846 10608 10093
10221 11083 10215
10832 11965 10527
10327 11295 10409
10761 11913 10572
10606 11516 10742
10949 12048 10798
11044 12255 10912
11151 12391 11066
11637 13284 11043
12045 13963 11077
4/98 12218 14104 11133
12102 13862 11252
12581 14424 11367
12664 14271 11376
11611 12208 11598
12086 12990 11930
12545 14045 11846
12962 14896 11916
13373 15754 11945
13646 16413 12030
13348 15903 11744
13758 16539 11803
4/99 14168 17179 11832
13843 16774 11710
14388 17704 11673
14130 17152 11641
13984 17066 11632
13798 16599 11737
14247 17649 11767
14402 18008 11760
14989 19068 11689
14504 18110 11686
14575 17767 11832
15559 19504 12003
4/00 15259 18918 11944
15029 18529 11934
15290 18986 12177
15156 18690 12306
15738 19850 12480
15321 18802 12527
15366 18722 12606
14901 17247 12822
15124 17332 13074
15387 17947 13294
14786 16311 13431
14205 15278 13492
4/01 14772 16464 13391
14876 16574 13469
14500 16172 13534
14510 16012 13871
13988 15011 14048
13441 13799 14177
13727 14063 14537
14281 15141 14299
14336 15275 14186
14144 15052 14290
14058 14762 14411
14292 15317 14119
4/02 13552 14389 14392
13475 14283 14525
12912 13266 14649
12507 12233 14824
12526 12312 15157
11734 10975 15482
12297 11940 15334
12850 12642 15343
12441 11900 15750
12217 11589 15749
12139 11415 16029
12160 11526 16009
4/03 12767 12475 16180
13285 13131 16639
13388 13299 16573
13437 13534 15878
13575 13797 15983
13528 13651 16489
13971 14422 16280
14070 14549 16323
14662 15312 16484
14741 15593 16634
14859 15809 16837
14710 15571 16992
4/04 14443 15327 16470
14552 15537 16386
14799 15839 16453
14431 15315 16627
14541 15376 16979
14510 15542 17038
14520 15780 17186
14789 16418 16994
15165 16977 17175
14994 16563 17294
15195 16911 17181
14866 16612 17060
4/05 14816 16297 17315
15209 16815 17533
15214 16839 17647
15629 17465 17448
15710 17306 17709
15773 17446 17477
15580 17155 17328
16048 17803 17416
16187 17810 17582
16493 18281 17550
16463 18331 17597
16525 18559 17404
4/06 16668 18808 17349
16331 18267 17340
16170 18291 17380
16221 18404 17606
16602 18841 17884
16895 19327 18059
17319 19956 18173
17719 20335 18386
17833 20620 18246
18000 20937 18231
17895 20528 18546
18023 20758 18514
4/07 18579 21677 18622
</Table>
<Table>
--- ADVISERS FUND -- LEHMAN BROTHERS GOVERNMENT/ --- S&P 500 INDEX
$9,450 starting value CREDIT BOND INDEX $10,000 starting value
$18,579 ending value $10,000 starting value $21,677 ending value
$18,622 ending value
</Table>
LEHMAN BROTHERS GOVERNMENT/CREDIT BOND INDEX is a broad based unmanaged, market
value-weighted index of all debt obligations of the U.S. Treasury and U.S.
Government agencies (excluding mortgage-backed securities) and of all publicly
issued fixed-rate, nonconvertible, investment grade domestic corporate debt.
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR 5 YEAR 10 YEAR INCEPTION
- ---------------------------------------------------------------------
Advisers A# 7/22/1996 11.47% 6.51% 6.99% 8.10%
- ---------------------------------------------------------------------
Advisers A## 7/22/1996 5.34% 5.31% 6.39% 7.53%
- ---------------------------------------------------------------------
Advisers B# 7/22/1996 10.58% 5.72% NA* NA*
- ---------------------------------------------------------------------
Advisers B## 7/22/1996 5.58% 5.40% NA* NA*
- ---------------------------------------------------------------------
Advisers C# 7/22/1996 10.68% 5.82% 6.27% 7.37%
- ---------------------------------------------------------------------
Advisers C## 7/22/1996 9.68% 5.82% 6.27% 7.37%
- ---------------------------------------------------------------------
Advisers R3# 7/22/1996 11.71% 6.97% 7.47% 8.58%
- ---------------------------------------------------------------------
Advisers R4# 7/22/1996 11.80% 6.99% 7.48% 8.59%
- ---------------------------------------------------------------------
Advisers R5# 7/22/1996 11.94% 7.02% 7.49% 8.60%
- ---------------------------------------------------------------------
Advisers Y# 7/22/1996 11.99% 7.02% 7.50% 8.61%
- ---------------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* 10 year and inception returns are not applicable for Class B
because after 8 years Class B converts to Class A.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class C shares commenced operations on 7/31/98. Performance
prior to 7/31/98 reflects Class B performance less Class C
sales charges where applicable. Class R3, R4 and R5 shares
commenced operations on 12/22/06. Performance prior to
12/22/06 reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, R3, R4, R5
and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGERS STEVEN T. IRONS, CFA
Senior Vice President, Partner
JOHN C. KEOGH
Senior Vice President, Partner
PETER I. HIGGINS, CFA
Vice-President
CHRISTOPHER L. GOOTKIND, CFA
Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Advisers Fund returned 7.28%, before sales
charge, for the six-month period ended April 30, 2007, versus the returns of
8.60% for the S&P 500 Index and 2.48% for the Lehman Brothers Government/Credit
Bond Index. The Fund underperformed the 7.66% return of the average fund in the
Lipper Mixed-Asset Target Allocation Growth Funds peer group, a group of funds
that hold between 60%-80% in equity securities, with the remainder invested in
bonds, cash, and cash equivalents.
WHY DID THE FUND PERFORM THIS WAY?
Financial markets posted robust returns for the period. Equity markets as
measured by the S&P 500 Index were up 8.60% while the bond market as measured by
the Lehman Brothers Government/Credit Bond Index increased 2.48%. The Fund has
three primary levers to generate investment performance: equity investments,
fixed income investments, and asset allocation among stocks, bonds, and cash.
During the period, both the equity portion and the fixed income portion of the
Fund outperformed their respective benchmarks. Allocation contributed positively
to the Fund's performance as the Fund's consistent overweight (i.e. the Fund's
sector position was greater than the benchmark position) to equities helped
during the period.
The equity portion of the Fund outperformed due to positive stock selection
within the Information Technology, Materials and Consumer Staples sectors. This
was offset somewhat by weak stock selection within Consumer Discretionary,
Energy and Financials. Sector allocation within equities did not play a
significant role.
Top relative (i.e. performance of the Fund as measured against the benchmark)
contributors to the equity portion of the Fund
1
- --------------------------------------------------------------------------------
included First Data, Cia Vale do Rio Doce (CVRD), and EMC. Electronic payment
service provider First Data's stock appreciated during the period as it was the
target of a leveraged buyout bid from Kohlberg Kravis Roberts. We eliminated the
stock on strong performance. The stock of Brazilian mining company CVRD
continued to rise during the period, bolstered by commodity prices.
Additionally, implementation of the company's strategy to integrate its Inco
acquisition should drive synergies further. We continue to view the company as
well-positioned in iron ore and nickel, which should drive strong fundamentals
over the next few years. Information storage provider EMC rose as it announced
stronger-than-expected profits and surging sales. The company has benefited from
its push to grow offerings with a string of acquisitions during recent years.
International growth has also contributed to results. We continue to view the
company favorably but have trimmed our position on strong performance. Other
stocks that contributed to positive absolute (i.e. total return) performance
included Schering-Plough, Alcoa and AT&T.
Stocks that detracted the most from relative returns included Circuit City,
United Parcel Service and Capital One. Shares of Circuit City tumbled after the
consumer electronics retailer posted disappointing third-quarter results.
Circuit City has been a turnaround story selling at very depressed valuations
and they have struggled to consistently execute on that turnaround plan. Slowing
U.S. industrial production has weighed on shares of United Parcel Service, but
we still have confidence in the longer term story. Capital One's stock declined
as it missed first-quarter profit targets and trimmed guidance, due mainly to
problems in its mortgage unit. However, the credit card business continues to
perform better than most expected, which is consistent with our investment
thesis. Additionally, the Fund's underweight (i.e. the Fund's sector position
was less than the benchmark position) to the strongly performing Utilities
sector hurt relative returns.
The Fund's fixed income portfolio was slightly ahead of its benchmark during the
six month period (2.53% versus 2.48%) due mainly to strong selection within the
investment grade credit sector. This was offset somewhat by our out-of-benchmark
allocation to Treasury Inflation Protected Securities, which underperformed as
inflation expectations were lower than expected in the period. The moderate
slowdown in growth continues. We expect interest rates to trade within a range
(4.50%-5.00% for the 10-year Treasury) and the Fed to remain on hold for the
remainder of the year. Therefore, we have positioned the fixed income portfolio
within a neutral duration (i.e. sensitivity to changes in interest rates)
target. We continue to overweight the non-government sectors with a preference
towards structured securities and Mortgage Backed Securities (MBS). While credit
trends remain sound, we are cautious on credit and are therefore benchmark
neutral in that sector. As valuations improve, we will look to reduce our credit
allocation.
WHAT IS THE OUTLOOK?
The stock portion of The Hartford Advisers Fund is managed with a large cap,
core investment approach. We apply a bottom-up investment process in
constructing a diversified portfolio. We look for companies that exhibit some or
all of the following characteristics: industry leadership, strong balance
sheets, solid management teams, high return on equity, accelerating earnings,
and/or attractive valuation with a catalyst. At the end of the period, the
equity portion of the Fund was overweight positions in Information Technology,
Health Care and Materials and underweight positions in Utilities and Energy.
The equity and fixed income managers will continue to work collaboratively to
make decisions regarding portfolio weights in stocks, bonds, and cash. As we
expect equities to outperform bonds and cash, as of April 30, 2007, the Fund's
equity exposure was at 67% compared to 60% equity exposure in its benchmark and
at the upper end of the 50-70% range.
COMPOSITION BY SECTOR
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
SECTOR NET ASSETS
- -------------------------------------------------------------------
Common Stock 67.2%
- -------------------------------------------------------------------
Asset Backed & Commercial Mortgage Backed Securities 5.8
- -------------------------------------------------------------------
Corporate Bonds: Investment Grade 11.3
- -------------------------------------------------------------------
Municipal Bonds 0.2
- -------------------------------------------------------------------
U.S. Government Securities 7.5
- -------------------------------------------------------------------
U.S. Government Agencies 1.7
- -------------------------------------------------------------------
Short-Term Investments 14.3
- -------------------------------------------------------------------
Other Assets & Liabilities -8.0
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 3.7%
- -------------------------------------------------------------------
Capital Goods 1.6
- -------------------------------------------------------------------
Consumer Cyclical 5.2
- -------------------------------------------------------------------
Consumer Staples 5.9
- -------------------------------------------------------------------
Energy 5.2
- -------------------------------------------------------------------
Finance 27.4
- -------------------------------------------------------------------
General Obligations 0.2
- -------------------------------------------------------------------
Health Care 7.3
- -------------------------------------------------------------------
Services 6.5
- -------------------------------------------------------------------
Technology 20.5
- -------------------------------------------------------------------
Transportation 0.2
- -------------------------------------------------------------------
U.S. Government Securities 7.5
- -------------------------------------------------------------------
U.S. Government Agencies 1.7
- -------------------------------------------------------------------
Utilities 0.8
- -------------------------------------------------------------------
Short-Term Investments 14.3
- -------------------------------------------------------------------
Other Assets & Liabilities -8.0
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
2
The Hartford Balanced Allocation Fund
(advised by Hartford Investment Financial Services, LLC)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM CAPITAL
APPRECIATION AND INCOME.
PERFORMANCE OVERVIEW(3) 5/28/04 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS U.S.
BALANCED ALLOCATION FUND S&P 500 INDEX AGGREGATE BOND INDEX
------------------------ ------------- --------------------
5/28/04 9450 10000 10000
9450 10000 10000
9582 10194 10057
9393 9857 10156
8/04 9412 9897 10350
9606 10004 10378
9748 10157 10465
10022 10567 10382
12/04 10291 10927 10477
10101 10661 10543
10215 10885 10481
10051 10692 10427
4/05 9937 10490 10568
10194 10823 10682
10313 10838 10741
10542 11241 10643
8/05 10609 11139 10779
10677 11229 10668
10476 11042 10584
10784 11459 10631
12/05 10941 11463 10732
11299 11766 10732
11260 11798 10768
11366 11945 10662
4/06 11531 12105 10643
11240 11757 10631
11192 11773 10654
11144 11846 10798
8/06 11348 12127 10963
11467 12439 11060
11731 12844 11133
11983 13088 11262
12/06 12101 13272 11197
12223 13476 11192
12182 13213 11365
12329 13360 11365
4/07 12604 13952 11426
</Table>
<Table>
--- BALANCED ALLOCATION FUND -- LEHMAN BROTHERS U.S. AGGREGATE --- S&P 500 INDEX
$9,450 starting value BOND INDEX $10,000 starting value
$12,604 ending value $10,000 starting value $13,952 ending value
$11,426 ending value
</Table>
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX is an unmanaged index and is composed
of securities from the Lehman Brothers Government/Credit Bond Index,
Mortgage-Backed Securities Index, Asset-Backed Index and Commercial
Mortgage-Backed Securities Index.
You cannot invest directly in an Index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- -------------------------------------------------------------
Balanced Allocation A# 5/28/2004 9.31% 10.35%
- -------------------------------------------------------------
Balanced Allocation A## 5/28/2004 3.29% 8.24%
- -------------------------------------------------------------
Balanced Allocation B# 5/28/2004 8.44% 9.53%
- -------------------------------------------------------------
Balanced Allocation B## 5/28/2004 3.44% 8.66%
- -------------------------------------------------------------
Balanced Allocation C# 5/28/2004 8.48% 9.54%
- -------------------------------------------------------------
Balanced Allocation C## 5/28/2004 7.48% 9.54%
- -------------------------------------------------------------
Balanced Allocation I# 5/28/2004 9.49% 10.42%
- -------------------------------------------------------------
Balanced Allocation R3# 5/28/2004 9.09% 10.28%
- -------------------------------------------------------------
Balanced Allocation R4# 5/28/2004 9.26% 10.34%
- -------------------------------------------------------------
Balanced Allocation R5# 5/28/2004 9.34% 10.37%
- -------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class I shares commenced operations on 8/31/06. Performance
prior to 8/31/06 reflects Class A performance. Class R3, R4
and R5 shares commenced operations on 12/22/06. Performance
prior to 12/22/06 reflects Class A performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, R3, R4
and R5 shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGERS
HUGH WHELAN
Senior Vice President
EDWARD C. CAPUTO
Vice President
- --------------------------------------------------------------------------------
WHAT DID THE MARKET DO AND HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Balanced Allocation Fund returned 7.45%,
before sales charge, for the six months ended April 30, 2007, versus 6.85% for
the Lipper Mixed-Asset Target Allocation Moderate Funds average, 2.64% for the
Lehman Brothers U.S. Aggregate Bond Index, and 8.60% for the S&P 500 Index.
WHY DID THE FUND PERFORM THIS WAY?
The Fund's structure allows for investment across all market capitalizations and
styles, both within the U.S. and internationally. This diversification is
designed to enhance the long-term return and risk characteristics of the Fund.
Generally, the Fund's target asset allocation is set at approximately 60% equity
and 40% fixed-income. The Fund's equity allocation is structured around five
equity indexes. For the six month period, the MSCI EAFE Index (international
equities) was up 15.68%; the Russell MidCap Index (U.S. mid cap equities) was up
12.24%; the Russell 1000 Value Index (U.S. large cap equities) was up 9.79%; the
Russell 1000 Growth Index (U.S. large cap equities) was up 8.42%; and the
Russell 2000 Index (U.S. small cap equities) was up 6.86%. The Fund benefited
from its international and mid cap equity exposure, as well as its large cap
value bias.
On the fixed income side, the yield curve steepened during the period, with the
yield on the five year Treasury note decreasing five basis points to 4.51% and
the yield on the 10-year Treasury note increasing two basis points to 4.62%.
Within the major sectors of the Lehman Brothers U.S. Aggregate Bond Index,
mortgage backed securities were the top performers, while U.S. Treasuries were
the worst. The fixed income allocation is structured around six fixed income
indices. For the six month period, the best performer was the Lehman Brothers
High Yield Index (up 6.88%), followed by the CSFB Leveraged Loan Index (up
3.98%), Lehman Brothers U.S. Aggregate Bond Index (up 2.64%), Merrill Lynch 3-
Month U.S. Treasury Bill Index (up 2.62%), Lehman Brothers 1-3 Year Government
Index (up 2.34%), and Lehman U.S. TIPS (Treasury Inflation Protected Securities)
Index (up 2.07%). Consequently, the Fund benefited from its allocation to high
yield and floating rate notes, while the other asset classes underperformed the
Fund's fixed income benchmark. The Fund's duration (i.e. sensitivity to changes
in interest rates) is targeted to be less than the Lehman Brothers U.S.
Aggregate Bond Index
3
- --------------------------------------------------------------------------------
based on risk preferences of the Fund. For the period, short duration
positioning detracted from overall performance.
Besides the asset allocation decision, the Fund's performance is also influenced
by the performance of the underlying active fund mangers. In keeping with the
Fund's long-term approach, we typically use cash flows to reallocate among the
underlying funds. However, a hard rebalance (i.e. a fund rebalancing to move the
underlying fund investments to their target allocation percentages) was
performed in November to align the actual allocations with our targets.
WHAT IS THE OUTLOOK?
Economic data continues to suggest weaker growth ahead, a trend that began in
the first quarter of the year. Additionally, the Federal Reserve concluded at
its March meeting that business executives are pessimistic about sales growth,
which poses a downside risk to the economy. Other risks going forward include
the potential effects of the ongoing troubles within the housing sector as well
as persistently high energy and food costs, which could sap consumer spending.
Although business activity has been sluggish, strong consumption supports
growth. And while recent CPI data suggests some moderation in core inflation,
inflationary pressures remain elevated. Unless these pressures ease, we believe
it is unlikely that the Federal Reserve will cut rates in the foreseeable
future, as many are anticipating. While we do not feel that the economy is
headed for a recession, our outlook for growth and interest rates is biased to
the lower side.
COMPOSITION BY UNDERLYING FUND
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
FUND NAME NET ASSETS
- -------------------------------------------------------------------
Hartford Capital Appreciation Fund, Class Y 17.7%
- -------------------------------------------------------------------
Hartford Disciplined Equity Fund, Class Y 4.6
- -------------------------------------------------------------------
Hartford Equity Income Fund, Class Y 6.7
- -------------------------------------------------------------------
Hartford Floating Rate Fund, Class Y 6.0
- -------------------------------------------------------------------
Hartford Global Leaders Fund, Class Y 4.3
- -------------------------------------------------------------------
Hartford Income Fund, Class Y 12.8
- -------------------------------------------------------------------
Hartford Inflation Plus Fund, Class Y 6.3
- -------------------------------------------------------------------
Hartford International Opportunities Fund, Class Y 4.0
- -------------------------------------------------------------------
Hartford International Small Company Fund, Class Y 4.1
- -------------------------------------------------------------------
Hartford Select Small Cap Value Fund, Class Y 2.4
- -------------------------------------------------------------------
Hartford Short Duration Fund, Class Y 6.4
- -------------------------------------------------------------------
Hartford Small Company Fund, Class Y 4.8
- -------------------------------------------------------------------
Hartford Total Return Bond Fund, Class Y 8.8
- -------------------------------------------------------------------
Hartford Value Fund, Class Y 10.9
- -------------------------------------------------------------------
Other Assets & Liabilities 0.2
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
4
The Hartford Balanced Income Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS TO PROVIDE CURRENT
INCOME WITH GROWTH OF CAPITAL AS A SECONDARY OBJECTIVE.
PERFORMANCE OVERVIEW(2) 7/31/06 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS CORPORATE
BALANCED INCOME FUND RUSSELL 1000 VALUE INDEX INDEX
-------------------- ------------------------ -------------------------
7/31/06 9450 10000 10000
9620 10167 10186
9731 10370 10303
10/06 9902 10709 10386
10035 10954 10539
10141 11200 10443
1/07 10198 11343 10444
10237 11166 10659
10326 11339 10598
4/07 10538 11758 10675
</Table>
<Table>
--- BALANCED INCOME FUND --- RUSSELL 1000 VALUE INDEX -- LEHMAN BROTHERS CORPORATE
$9,450 starting value $10,000 starting value INDEX
$10,538 ending value $11,758 ending value $10,000 starting value
$10,675 ending value
</Table>
RUSSELL 1000 VALUE INDEX measures the performance of those Russell 1000 Index
companies with lower price-to-book ratios and lower forecasted growth values.
LEHMAN BROTHERS CORPORATE INDEX Lehman Brothers Corporate Bond Index is an
unmanaged index and is the Corporate component of the U.S. Credit Index within
the Lehman Brothers U.S. Aggregate Bond Index.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION DATE SINCE INCEPTION
- ----------------------------------------------------------
Balanced Income A# 7/31/2006 11.52%
- ----------------------------------------------------------
Balanced Income A## 7/31/2006 5.39%
- ----------------------------------------------------------
Balanced Income B# 7/31/2006 10.92%
- ----------------------------------------------------------
Balanced Income B## 7/31/2006 5.92%
- ----------------------------------------------------------
Balanced Income C# 7/31/2006 10.87%
- ----------------------------------------------------------
Balanced Income C## 7/31/2006 9.87%
- ----------------------------------------------------------
Balanced Income Y# 7/31/2006 11.77%
- ----------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B, C and Y shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGERS
LUCIUS T. HILL, III
Senior Vice President
SCOTT I. ST. JOHN, CFA
Vice President
JOHN R. RYAN, CFA
Senior Vice President, Partner
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Balanced Income Fund returned 6.43%, before
sales charge, for the six-month period ended April 30, 2007, versus the returns
of 9.79% for the Russell 1000 Value Index and 2.78% for the Lehman Brothers
Corporate Index. The Fund underperformed the 6.85% return of the average fund in
the Lipper Mixed-Asset Target Allocation Moderate Funds peer group, a group of
funds with investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Financial markets posted robust returns for the period. As measured by the S&P
500, equity markets were up 8.60% while the bond market as measured by the
Lehman Brothers Aggregate Index increased 2.64%. Value stocks continued to lead
growth as the Russell 1000 Growth's 8.44% return lagged the 9.79% return of the
Russell 1000 Value Index. Small cap stocks, as measured by the Russell 2000
6.38% trailed the broader market, but Midcaps shined during the period, rising
12.17% as measured by the Russell Midcap Index. During the period, both the
equity portion and the fixed income portion of the Fund outperformed their
respective benchmarks.
The Equity portion of the Fund outperformed its benchmark due to sector
allocation. The Fund benefited from overweight (i.e. the Fund's sector position
was greater than the benchmark position) positions in the high performing
Utilities and Materials sectors. Additionally, strong stock selection in
Utilities and Health Care contributed positively to relative (i.e. performance
of the Fund as measured against the benchmark) returns. The performance of the
fixed income portion of the Fund was slightly ahead of its benchmark for the
period. The Fund also benefited from a slight overweight to equities versus
bonds relative to its benchmark during the period.
Top relative contributors to the equity portion of the Fund included FPL Group
(Utilities), Exelon (Utilities), and PPL (Utilities). Shares of FPL, a generator
and distributor of electric energy, increased over the period due to better than
expected results at FPL Energy and increasing valuations for unregulated assets.
Exelon shares performed well as we are nearing the conclusion of the Illinois
power auction. We believe that the
5
- --------------------------------------------------------------------------------
company is well positioned due to its valuable nuclear power producing assets
and expectations for higher dividend payouts and share buybacks. PPL stock rose
along with the utility sector. The company also raised its quarterly dividend
during the period. We continued to hold positions all three stocks at the end of
the period.
The largest detractors from benchmark-relative returns in the equity portion of
the Fund were US Bancorp (Financials), Bank of America (Financials), Valero
(Energy) and Pitney Bowes (Industrials). US Bancorp's shares declined over
concerns about lower loan growth due to a slowing economy, as well as heightened
concerns about exposure to sub prime loans. Bank of America's shares weakened
following management's report that net fee income was lower than expected,
driven mainly by softness in credit cards and worries about subprime exposure.
Pitney Bowes reported lower than expected sales growth caused by weak US and
European sales, which caused the stock to fall during the period. We continue to
hold all three companies. Additionally, not owning strongly performing Valero
hurt benchmark relative returns.
On the fixed income side, the Fund outperformed its benchmark due primarily to
the Fund's slight overweight positions in high yield and emerging markets debt.
Positive security selection within the high yield and investment grade credit
sector also helped returns. Healthy employment growth provides underlying
support for a modest expansion of the US economy. We feel high levels of
shareholder friendly activity are offset by strong corporate profits and low
default rates, which are positive events for fixed income markets. We believe
that rates will continue to be range-bound. Current Treasury valuations are
largely consistent with our view, and we are positioning the Fund with a
duration (i.e. sensitivity to changes in interest rates) similar to that of the
benchmark. Additionally, we favor the stability of the securitized sectors,
namely asset-backed securities and commercial mortgage-backed securities, and
maintain an overweight to these sectors.
WHAT IS THE OUTLOOK?
The equity portion of the Fund is managed with a bias towards income-generating
securities. At the end of the period, the equity portion of the Fund was most
overweight the Utilities, Consumer Staples, and Materials sectors and most
underweight (i.e. the Fund's sector position was less than the benchmark
position) the Consumer Discretionary and Financials sectors. The equity and
fixed income managers continue to work collaboratively to make decisions
regarding portfolio weights in equities and fixed income. At the end of the
period the Fund was slightly overweight equities relative to its benchmark.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 5.6%
- -------------------------------------------------------------------
Capital Goods 2.2
- -------------------------------------------------------------------
Consumer Cyclical 3.2
- -------------------------------------------------------------------
Energy 8.3
- -------------------------------------------------------------------
Finance 32.7
- -------------------------------------------------------------------
Foreign Governments 4.8
- -------------------------------------------------------------------
Health Care 4.1
- -------------------------------------------------------------------
Services 5.1
- -------------------------------------------------------------------
Technology 13.0
- -------------------------------------------------------------------
Transportation 0.3
- -------------------------------------------------------------------
U.S. Government Securities 3.5
- -------------------------------------------------------------------
Utilities 8.4
- -------------------------------------------------------------------
Short-Term Investments 4.8
- -------------------------------------------------------------------
Other Assets & Liabilities -0.7
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DISTRIBUTION BY SECTOR
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
SECTOR NET ASSETS
- -------------------------------------------------------------------
Common Stock 46.5%
- -------------------------------------------------------------------
Asset Backed and Commercial Mortgage Securities 5.0
- -------------------------------------------------------------------
Corporate Bonds: Investment Grade 31.3
- -------------------------------------------------------------------
Corporate Bonds: Non-Investment Grade 9.6
- -------------------------------------------------------------------
U.S. Government Securities 3.5
- -------------------------------------------------------------------
Short-Term Investments 4.8
- -------------------------------------------------------------------
Other Assets & Liabilities -0.7
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
6
The Hartford Capital Appreciation Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS GROWTH OF CAPITAL.
PERFORMANCE OVERVIEW(3) 4/30/97 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
CAPITAL APPRECIATION FUND RUSSELL 3000 INDEX
------------------------- ------------------
4/30/97 9450 10000
11389 10683
12357 11127
13539 11999
13807 11513
15091 12166
14274 11757
14294 12207
14150 12452
13816 12516
15117 13411
15636 14076
4/98 15721 14215
14676 13864
14904 14333
14281 14072
11162 11917
11634 12729
12786 13696
13659 14533
14611 15457
15691 15982
14768 15416
16020 15982
4/99 16929 16703
17608 16386
18567 17214
18789 16692
18131 16502
17809 16080
18939 17089
20692 17567
24364 18688
24087 17955
27997 18122
27912 19542
4/00 25001 18853
23680 18323
26156 18866
25744 18532
28614 19907
27806 19005
26844 18735
24247 17008
26399 17294
27889 17886
26243 16251
25020 15192
4/01 27144 16410
27521 16542
27052 16237
25818 15969
24694 15027
21590 13701
22217 14020
23709 15100
24621 15312
23663 15120
22944 14811
24022 15461
4/02 22539 14649
22253 14480
20420 13437
18634 12369
19011 12428
17556 11122
18855 12007
20448 12734
18993 12014
18541 11720
18293 11527
18016 11648
4/03 19472 12600
21010 13360
21535 13541
21931 13851
22732 14158
22695 14004
24409 14852
24952 15056
26665 15745
27080 16074
28029 16290
28001 16097
4/04 27015 15764
27559 15993
28655 16311
27264 15694
26831 15759
27743 16001
28369 16264
30313 17020
31446 17626
30718 17157
31888 17534
30654 17238
4/05 29751 16863
30626 17502
31225 17625
32781 18348
33058 18173
34227 18332
33629 17988
35444 18688
36194 18705
38039 19330
37684 19364
38252 19699
4/06 39277 19913
37868 19275
37463 19309
37118 19291
38040 19763
38557 20205
40207 20933
41357 21388
41861 21644
42125 22056
41333 21695
41993 21920
4/07 43292 22796
</Table>
<Table>
--- CAPITAL APPRECIATION FUND --- RUSSELL 3000 INDEX
$9,450 starting value $10,000 starting value
$43,292 ending value $22,796 ending value
</Table>
RUSSELL 3000 INDEX is an unmanaged index that measures the performance of the
3,000 largest U.S. companies based on total capitalization.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION 1 5 10 SINCE
DATE YEAR YEAR YEAR INCEPTION
- -------------------------------------------------------------------
Cap App A# 7/22/1996 10.23% 13.94% 16.43% 19.03%
- -------------------------------------------------------------------
Cap App A## 7/22/1996 4.16% 12.66% 15.77% 18.41%
- -------------------------------------------------------------------
Cap App B# 7/22/1996 9.33% 13.08% NA* NA*
- -------------------------------------------------------------------
Cap App B## 7/22/1996 4.33% 12.83% NA* NA*
- -------------------------------------------------------------------
Cap App C# 7/22/1996 9.41% 13.19% 15.64% 18.23%
- -------------------------------------------------------------------
Cap App C## 7/22/1996 8.41% 13.19% 15.64% 18.23%
- -------------------------------------------------------------------
Cap App I# 7/22/1996 10.42% 13.98% 16.45% 19.05%
- -------------------------------------------------------------------
Cap App R3# 7/22/1996 10.34% 14.45% 16.96% 19.58%
- -------------------------------------------------------------------
Cap App R4# 7/22/1996 10.45% 14.47% 16.97% 19.59%
- -------------------------------------------------------------------
Cap App R5# 7/22/1996 10.58% 14.50% 16.99% 19.61%
- -------------------------------------------------------------------
Cap App Y# 7/22/1996 10.66% 14.52% 16.99% 19.61%
- -------------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* 10 year and inception returns are not applicable for Class B
because after 8 years Class B converts to Class A.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class C shares commenced operations on 7/31/98. Performance
prior to 7/31/98 reflects Class B performance less Class C
sales charges where applicable. Class I shares commenced
operations on 8/31/06. Performance prior to 8/31/06 reflects
Class A performance. Class R3, R4 and R5 shares commenced
operations on 12/22/06. Performance prior to 12/22/06
reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, R3, R4,
R5 and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGEMENT
SAUL J. PANNELL, CFA
Senior Vice President, Partner
FRANK D. CATRICKES, CFA, CMT
Senior Vice President, Partner
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Capital Appreciation Fund returned 7.67%,
before sales charge, for the six-month period ended April 30, 2007,
underperforming its benchmark, the Russell 3000 Index, which returned 8.90% for
the same period. The Fund also underperformed the 9.25% return of the average
fund in the Lipper Multi-Cap Core Funds peer group, a group of funds with
investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
As measured by the Russell 3000 Index, equity markets ended higher for the
period, rising in five of the six months. Every sector in the benchmark posted
positive returns for the period, led by Materials (+19%), Utilities (+18%), and
Energy (+14%). The laggards in this environment were Financials (+5%), Consumer
Discretionary (+7%), and Technology (+7%). These positive returns took place
against a mixed backdrop of relatively strong economic news and corporate
earnings, continued weakness in the housing market, and geopolitical tensions in
the Middle East.
Underperformance for the period was due to stock selection, largely in the
Technology, Consumer Discretionary, Energy, and Utility sectors. Stocks with the
largest negative absolute (i.e. total return) and relative (i.e. performance of
the Fund as measured against the benchmark) impacts were Nortel Networks and
Motorola in Technology and British Energy in Utilities. Shares of Canadian phone
equipment manufacturer Nortel tumbled on news that it would have to delay the
filing of its 2006 annual report and restate prior years' financial results. We
believe that Nortel's new management team will be successful in achieving
significant cost cuts and driving profitability higher. We also expect
7
- --------------------------------------------------------------------------------
Nortel to benefit from an improving pricing environment and expected increases
in capital expenditures for wireline equipment. Shares in wireless phone
manufacturer Motorola fell on below-expectation sales growth, while British
utility British Energy saw its shares fall on news of lower prices, higher
costs, and falling utilization rates. We eliminated our positions in both stocks
during the period.
Stock selection within Financials, Industrials, and Materials sectors proved
more beneficial. Top relative contributors included Cia Vale do Rio Doce (CVRD),
Unibanco, and ABB. Brazilian mining company CVRD's shares rose as strong markets
for iron ore and nickel supported higher earnings and guidance, while results
from recently acquired nickel miner Inco are exceeding expectations. We
anticipate better-than-expected volume growth and cost cutting initiatives to
benefit the stock's valuation. Shares in another Brazilian company, bank
Unibanco, continued to rise on solid consumer loan growth and robust asset
quality. Shares in Swedish industrial conglomerate ABB gained on robust
financial results with revenue, orders, and margins all positive. We continue to
hold all three stocks. Additionally, the Fund's overweight (i.e. the Fund's
sector position was greater than the benchmark position) allocation to the
strongly-performing Materials sector and underweight (i.e. the Fund's sector
position was less than the benchmark position) among lagging Financials stocks
contributed positively to relative performance.
WHAT IS THE OUTLOOK?
We continue to focus our efforts on picking stocks one-at-a-time based on
detailed fundamental research. At the end of the period, our stock-by-stock
investment process resulted in greater-than-benchmark weights in Materials,
Technology, and Industrials stocks and less-than-benchmark weights in
Financials, Consumer Staples, and Health Care. Our largest absolute sector
weights at period-end were in the Technology, Industrials, and Financials
sectors.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 12.2%
- -------------------------------------------------------------------
Capital Goods 7.9
- -------------------------------------------------------------------
Consumer Cyclical 7.8
- -------------------------------------------------------------------
Consumer Staples 3.0
- -------------------------------------------------------------------
Energy 9.0
- -------------------------------------------------------------------
Finance 14.6
- -------------------------------------------------------------------
Health Care 6.8
- -------------------------------------------------------------------
Services 3.6
- -------------------------------------------------------------------
Technology 28.3
- -------------------------------------------------------------------
Utilities 2.3
- -------------------------------------------------------------------
Short-Term Investments 10.0
- -------------------------------------------------------------------
Other Assets & Liabilities -5.5
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY COUNTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
COUNTRY NET ASSETS
- -------------------------------------------------------------------
Austria 0.5%
- -------------------------------------------------------------------
Brazil 3.9
- -------------------------------------------------------------------
Canada 5.8
- -------------------------------------------------------------------
China 0.3
- -------------------------------------------------------------------
France 1.6
- -------------------------------------------------------------------
Germany 0.8
- -------------------------------------------------------------------
India 0.4
- -------------------------------------------------------------------
Israel 0.9
- -------------------------------------------------------------------
Italy 0.4
- -------------------------------------------------------------------
Japan 3.2
- -------------------------------------------------------------------
Luxembourg 0.1
- -------------------------------------------------------------------
Russia 1.4
- -------------------------------------------------------------------
South Africa 0.7
- -------------------------------------------------------------------
South Korea 0.7
- -------------------------------------------------------------------
Sweden 0.5
- -------------------------------------------------------------------
Switzerland 3.4
- -------------------------------------------------------------------
Taiwan 1.0
- -------------------------------------------------------------------
Turkey 1.9
- -------------------------------------------------------------------
United Kingdom 4.0
- -------------------------------------------------------------------
United States 64.0
- -------------------------------------------------------------------
Short-Term Investments 10.0
- -------------------------------------------------------------------
Other Assets & Liabilities -5.5
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
8
The Hartford Capital Appreciation II Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS GROWTH OF CAPITAL.
PERFORMANCE OVERVIEW(3) 4/29/05 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
CAPITAL APPRECIATION II FUND RUSSELL 3000 INDEX
---------------------------- ------------------
4/29/05 9450 10000
9450 10000
9809 10379
10008 10451
7/05 10452 10880
10518 10776
10669 10871
10/05 10461 10667
10890 11082
11225 11092
1/06 11972 11463
11838 11483
12068 11682
4/06 12460 11808
11972 11430
11857 11450
7/06 11723 11440
11981 11720
12135 11982
10/06 12575 12413
13069 12683
13206 12835
1/07 13501 13079
13412 12865
13687 12999
4/07 14236 13518
</Table>
<Table>
--- CAPITAL APPRECIATION II FUND --- RUSSELL 3000 INDEX
$9,450 starting value $10,000 starting value
$14,236 ending value $13,518 ending value
</Table>
RUSSELL 3000 INDEX is an unmanaged index that measures the performance of the
3,000 largest U.S. companies based on total capitalization.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
PORTFOLIO MANAGEMENT
<Table>
DAVID R. FASSNACHT, CFA MICHAEL T. CARMEN, CFA, CPA
Senior Vice President, Senior Vice President, Partner
Partner
FRANK D. CATRICKES, CFA, CMT
JAMES N. MORDY Senior Vice President, Partner
Senior Vice President,
Partner NICOLAS M. CHOUMENKOVITCH
Vice President
DAVID W. PALMER, CFA
Vice President SAUL J. PANNELL, CFA
Senior Vice President, Partner
</Table>
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- --------------------------------------------------------
Cap App II A# 4/29/2005 14.25% 22.71%
- --------------------------------------------------------
Cap App II A## 4/29/2005 7.97% 19.29%
- --------------------------------------------------------
Cap App II B# 4/29/2005 13.26% 21.75%
- --------------------------------------------------------
Cap App II B## 4/29/2005 8.26% 20.51%
- --------------------------------------------------------
Cap App II C# 4/29/2005 13.40% 21.88%
- --------------------------------------------------------
Cap App II C## 4/29/2005 12.40% 21.88%
- --------------------------------------------------------
Cap App II I# 4/29/2005 14.49% 22.83%
- --------------------------------------------------------
Cap App II R3# 4/29/2005 14.26% 22.99%
- --------------------------------------------------------
Cap App II R4# 4/29/2005 14.34% 23.03%
- --------------------------------------------------------
Cap App II R5# 4/29/2005 14.49% 23.12%
- --------------------------------------------------------
Cap App II Y# 4/29/2005 14.57% 23.16%
- --------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class I shares commenced operations on 8/31/06. Performance
prior to 8/31/06 reflects Class A performance less sales
charge where applicable. Class R3, R4 and R5 shares
commenced operations on 12/22/06. Performance prior to
12/22/06 reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, R3, R4,
R5 and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Capital Appreciation Fund II returned 13.21%,
before sales charge, for the six-month period ended April 30, 2007,
outperforming its benchmark, the Russell 3000 Index, which returned 8.90% for
the same period. The Fund also outperformed the 9.09% return of the average fund
in the Lipper Multi-Cap Growth Funds peer group, a group of funds with
investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Equity markets ended broadly higher for the period, with the Russell 3000 Index
rising in five out of six months. Every sector in the benchmark posted positive
returns for the period, led by Materials (+19%), Utilities (+18%), and Energy
(+14%). The laggards in this environment were Financials (+5%), Consumer
Discretionary (+7%), and Technology (+7%). These positive returns took place
against a mixed backdrop of relatively strong economic news and corporate
earnings, continued weakness in the housing market, and geopolitical tensions in
the Middle East.
The Fund's outperformance reflected strong stock selection across most economic
sectors, particularly in Consumer Discretionary, Materials, and Consumer
Staples. The largest relative (i.e. performance of the Fund as measured against
the benchmark) and absolute (i.e. total return) contributor during the period
was pharmaceutical concern Schering-Plough, whose shares rose on strong results
and investor enthusiasm for the announced acquisition of Organon Biosciences. We
expect the deal to be accretive (i.e. additive to earnings per share) with
marketing and sales synergies, an attractive combined hospital franchise, and a
#1 share in animal health. In Materials, Brazilian mining company Cia Vale do
Rio Doce's (CVRD) shares rose as strong markets for iron ore and nickel
supported higher earnings and guidance, while results from recently acquired
nickel miner Inco are exceeding expectations. We anticipate better-than-expected
volume growth and cost cutting initiatives to benefit the stock's valuation.
9
- --------------------------------------------------------------------------------
Uranium mining company UrAsia Energy was acquired at a premium by competitor
SXR, pushing its shares higher. Other contributors to positive relative and
absolute results were uranium miner Cameco and Materials company Potash.
Stock selection was negative in only one sector during the period
(Telecommunications Services). Stocks with the largest negative impact on
relative performance included Capital One Financial, Nasdaq Stock Market, and
TXU. Shares of credit card company Capital One fell following news that earnings
were being negatively impacted by the company's recent acquisition of North Fork
Bank. We maintain our position as we believe the company still has substantial
franchise value and earnings power driven by its credit card and auto lending
businesses. Our position in Nasdaq fell a result of the company's failed London
Stock Exchange deal and renewed competitive pressure from BATS Trading's
alternative trading platform. We believe Nasdaq's fundamentals remain strong and
we maintain our position. Texas utility TXU saw its shares decline amid concerns
about its earnings power over the next few years. Lower gas prices and
environmental opposition to new coal plant development weighed on the stock, and
we exited our position. Other notable detractors from absolute returns during
the period were Motorola (Technology Hardware), US Airways (Transportation), and
Nortel Networks (Technology Hardware). On balance sector allocation had a small
positive impact on the Fund's performance, as the benefits of being overweight
(i.e. the Fund's sector position was greater than the benchmark position)
Materials and underweight (i.e. the Fund's sector position was less than the
benchmark position) Financials were partially offset by our underweight in
Utilities.
WHAT IS THE OUTLOOK?
Hartford Capital Appreciation II Fund is a multi-managed Fund organized into
several 'sleeves', each of which is managed according to a specific approach.
The Fund's managers pursue diverse and complementary investment strategies, with
fundamental, bottom-up research as the foundation for portfolio construction.
The Fund is not designed to exhibit an intentional style bias, as the investment
opportunity set includes stocks from the full range of market capitalizations
and investment styles.
We continue to focus our efforts on picking stocks one-at-a-time based on
detailed fundamental research. At the end of the period, our stock-by-stock
investment process resulted in greater-than-benchmark weights in Consumer
Discretionary, Materials, and Technology stocks and less-than-benchmark weights
in Financials, Consumer Staples, and Health Care. Our largest absolute sector
weights at period-end were in the Technology, Consumer Discretionary, and
Financials sectors.
James Averill, a portfolio manager of one of the sleeves of the Fund, has
announced his intention to retire from Wellington Management Company effective
June 30, 2007, and withdrew from active involvement in the Fund effective April
1, 2007.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 12.0%
- -------------------------------------------------------------------
Capital Goods 3.8
- -------------------------------------------------------------------
Consumer Cyclical 7.8
- -------------------------------------------------------------------
Consumer Staples 2.9
- -------------------------------------------------------------------
Energy 6.1
- -------------------------------------------------------------------
Finance 15.9
- -------------------------------------------------------------------
Health Care 9.0
- -------------------------------------------------------------------
Services 6.1
- -------------------------------------------------------------------
Technology 25.8
- -------------------------------------------------------------------
Transportation 2.5
- -------------------------------------------------------------------
Utilities 1.6
- -------------------------------------------------------------------
Short-Term Investments 11.8
- -------------------------------------------------------------------
Other Assets & Liabilities -5.3
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY COUNTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
COUNTRY NET ASSETS
- -------------------------------------------------------------------
Australia 0.1%
- -------------------------------------------------------------------
Austria 0.2
- -------------------------------------------------------------------
Brazil 1.6
- -------------------------------------------------------------------
Canada 6.7
- -------------------------------------------------------------------
China 0.3
- -------------------------------------------------------------------
Egypt 0.4
- -------------------------------------------------------------------
Finland 0.6
- -------------------------------------------------------------------
France 2.8
- -------------------------------------------------------------------
Germany 1.1
- -------------------------------------------------------------------
Hong Kong 0.6
- -------------------------------------------------------------------
Indonesia 0.4
- -------------------------------------------------------------------
Ireland 0.5
- -------------------------------------------------------------------
Israel 0.1
- -------------------------------------------------------------------
Italy 1.1
- -------------------------------------------------------------------
Japan 2.0
- -------------------------------------------------------------------
Luxembourg 0.3
- -------------------------------------------------------------------
Mexico 0.2
- -------------------------------------------------------------------
Netherlands 1.8
- -------------------------------------------------------------------
Norway 0.3
- -------------------------------------------------------------------
Russia 1.0
- -------------------------------------------------------------------
South Africa 0.5
- -------------------------------------------------------------------
South Korea 0.2
- -------------------------------------------------------------------
Sweden 0.7
- -------------------------------------------------------------------
Switzerland 2.0
- -------------------------------------------------------------------
Turkey 0.6
- -------------------------------------------------------------------
United Kingdom 3.0
- -------------------------------------------------------------------
United States 64.4
- -------------------------------------------------------------------
Short-Term Investments 11.8
- -------------------------------------------------------------------
Other Assets & Liabilities -5.3
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
10
The Hartford Conservative Allocation Fund
(advised by Hartford Investment Financial Services, LLC)
INVESTMENT OBJECTIVE -- SEEKS CURRENT INCOME AND LONG-TERM CAPITAL APPRECIATION.
PERFORMANCE OVERVIEW(3) 5/28/04 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS U.S.
CONSERVATIVE ALLOCATION FUND S&P 500 INDEX AGGREGATE BOND INDEX
---------------------------- ------------- --------------------
5/28/04 9450 10000 10000
9450 10000 10000
9573 10194 10057
9431 9857 10156
8/04 9497 9897 10350
9606 10004 10378
9729 10157 10465
9900 10567 10382
12/04 10087 10927 10477
9982 10661 10543
10068 10885 10481
9929 10692 10427
4/05 9872 10490 10568
10054 10823 10682
10136 10838 10741
10271 11241 10643
8/05 10348 11139 10779
10357 11229 10668
10212 11042 10584
10422 11459 10631
12/05 10559 11463 10732
10806 11766 10732
10786 11798 10768
10823 11945 10662
4/06 10922 12105 10643
10753 11757 10631
10730 11773 10654
10750 11846 10798
8/06 10930 12127 10963
11027 12439 11060
11217 12844 11133
11411 13088 11262
12/06 11452 13272 11197
11535 13476 11192
11556 13213 11365
11645 13360 11365
4/07 11834 13952 11426
</Table>
<Table>
--- CONSERVATIVE ALLOCATION -- LEHMAN BROTHERS U.S. AGGREGATE --- S&P 500 INDEX
FUND BOND INDEX $10,000 starting value
$9,450 starting value $10,000 starting value $13,952 ending value
$11,834 ending value $11,426 ending value
</Table>
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX is an unmanaged index and is composed
of securities from the Lehman Brothers Government/Credit Bond Index,
Mortgage-Backed Securities Index, Asset-Backed Index and Commercial
Mortgage-Backed Securities Index.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distribution or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- ----------------------------------------------------------------
Conservative Allocation A# 5/28/2004 8.35% 8.00%
- ----------------------------------------------------------------
Conservative Allocation A## 5/28/2004 2.39% 5.93%
- ----------------------------------------------------------------
Conservative Allocation B# 5/28/2004 7.59% 7.32%
- ----------------------------------------------------------------
Conservative Allocation B## 5/28/2004 2.59% 6.41%
- ----------------------------------------------------------------
Conservative Allocation C# 5/28/2004 7.61% 7.29%
- ----------------------------------------------------------------
Conservative Allocation C## 5/28/2004 6.61% 7.29%
- ----------------------------------------------------------------
Conservative Allocation I# 5/28/2004 8.55% 8.07%
- ----------------------------------------------------------------
Conservative Allocation R3# 5/28/2004 8.12% 7.92%
- ----------------------------------------------------------------
Conservative Allocation R4# 5/28/2004 8.30% 7.98%
- ----------------------------------------------------------------
Conservative Allocation R5# 5/28/2004 8.38% 8.01%
- ----------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class I shares commenced operations on 8/31/06. Performance
prior to 8/31/06 reflects Class A performance. Class R3, R4
and R5 shares commenced operations on 12/22/06. Performance
prior to 12/22/06 reflects Class A performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I and R3, R4
and R5 shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGERS
HUGH WHELAN
Senior Vice President
EDWARD C. CAPUTO
Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Conservative Allocation Fund returned 5.50%,
before sales charge, for the six months ended April 30, 2007, versus 4.69% for
the Lipper Mixed-Asset Target Allocation Conservative Funds category, 2.64% for
the Lehman Brothers U.S. Aggregate Bond Index, and 8.60% for the S&P 500 Index.
WHY DID THE FUND PERFORM THIS WAY?
The Fund's structure allows for investment across all market capitalizations and
styles, both within the U.S. and internationally. This diversification is
designed to enhance the long-term return and risk characteristics of the Fund.
Generally, the Fund's target asset allocation is set at approximately 40% equity
and 60% fixed-income. The Fund's equity allocation is structured around five
equity indexes. For the six month period, the MSCI EAFE Index (international
equities) was up 15.68%; the Russell MidCap Index (U.S. mid cap equities) was up
12.24%; the Russell 1000 Value Index (U.S. large cap equities) was up 9.79%; the
Russell 1000 Growth Index (U.S. large cap equities) was up 8.42%; and the
Russell 2000 Index (U.S. small cap equities) was up 6.86%. The Fund benefited
from its international and mid cap equity exposure, as well as its large cap
value bias.
On the fixed income side, the yield curve steepened during the period, with the
yield on the five year Treasury note decreasing five basis points to 4.51% and
the yield on the 10-year Treasury note increasing two basis points to 4.62%.
Within the major sectors of the Lehman Brothers U.S. Aggregate Bond Index,
mortgage backed securities were the top performers, while U.S. Treasuries were
the worst. The fixed income allocation is structured around six fixed income
indices. For the six month period, the best performer was the Lehman Brothers
High Yield Index (up 6.88%), followed by the CSFB Leveraged Loan Index (up
3.98%), Lehman Brothers U.S. Aggregate Bond Index (up 2.64%), Merrill Lynch 3-
Month U.S. Treasury Bill Index (up 2.62%), Lehman Brothers 1-3 Year Government
Index (up 2.34%), and Lehman U.S. TIPS (Treasury Inflation Protected Securities)
Index (up 2.07%). Consequently, the Fund benefited from its allocation to high
yield and floating rate notes, while the other asset classes underperformed the
Fund's fixed income benchmark. The Fund's duration (i.e. sensitivity to changes
in interest rates) is targeted to be less than the Lehman Brothers U.S.
Aggregate Bond Index
11
- --------------------------------------------------------------------------------
based on risk preferences of the Fund. For the period, short duration
positioning detracted from overall performance.
Besides the asset allocation decision, the Fund's performance is also influenced
by the performance of the underlying active fund mangers. In keeping with the
Fund's long-term approach, we typically use cash flows to reallocate among the
underlying funds. However, a hard rebalance (i.e. a fund rebalancing to move the
underlying fund investments to their target allocation percentages) was
performed in November to align the actual allocations with our targets.
WHAT IS THE OUTLOOK?
Economic data continues to suggest weaker growth ahead, a trend that began in
the first quarter of the year. Additionally, the Federal Reserve concluded at
its March meeting that business executives are pessimistic about sales growth,
which poses a downside risk to the economy. Other risks going forward include
the potential effects of the ongoing troubles within the housing sector as well
as persistently high energy and food costs, which could sap consumer spending.
Although business activity has been sluggish, strong consumption supports
growth. And while recent CPI data suggests some moderation in core inflation,
inflationary pressures remain elevated. Unless these pressures ease, we believe
it is unlikely that the Federal Reserve will cut rates in the foreseeable
future, as many are anticipating. While we do not feel that the economy is
headed for a recession, our outlook for growth and interest rates is biased to
the lower side.
COMPOSITION BY UNDERLYING FUND
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
FUND NAME NET ASSETS
- -------------------------------------------------------------------
Hartford Capital Appreciation Fund, Class Y 12.8%
- -------------------------------------------------------------------
Hartford Disciplined Equity Fund, Class Y 4.0
- -------------------------------------------------------------------
Hartford Equity Income Fund, Class Y 8.9
- -------------------------------------------------------------------
Hartford Floating Rate Fund, Class Y 6.8
- -------------------------------------------------------------------
Hartford Global Leaders Fund, Class Y 3.9
- -------------------------------------------------------------------
Hartford Income Fund, Class Y 11.9
- -------------------------------------------------------------------
Hartford Inflation Plus Fund, Class Y 9.6
- -------------------------------------------------------------------
Hartford International Opportunities Fund, Class Y 2.2
- -------------------------------------------------------------------
Hartford International Small Company Fund, Class Y 1.3
- -------------------------------------------------------------------
Hartford Select Small Cap Value Fund, Class Y 2.7
- -------------------------------------------------------------------
Hartford Short Duration Fund, Class Y 16.1
- -------------------------------------------------------------------
Hartford Small Company Fund, Class Y 3.0
- -------------------------------------------------------------------
Hartford Total Return Bond Fund, Class Y 16.3
- -------------------------------------------------------------------
Other Assets & Liabilities 0.5
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
12
The Hartford Disciplined Equity Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS GROWTH OF CAPITAL.
PERFORMANCE OVERVIEW(3) 4/30/98 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
DISCIPLINED EQUITY FUND S&P 500 INDEX
----------------------- -------------
4/30/98 9450 10000
9242 9828
9592 10227
9592 10119
8269 8656
8829 9210
9625 9959
10156 10562
10847 11170
11198 11637
10790 11275
11311 11726
4/99 11652 12181
11416 11893
12145 12552
11889 12161
11719 12100
11368 11769
11861 12513
12177 12768
13104 13519
12359 12840
12330 12597
13648 13829
4/00 13104 13413
12779 13138
13249 13462
13143 13251
14028 14074
13181 13331
13123 13275
12073 12229
12254 12289
12855 12724
11813 11565
11172 10833
4/01 12073 11673
12174 11752
11923 11466
11663 11353
10971 10643
10059 9784
10380 9971
11111 10736
11212 10830
10951 10672
10631 10466
11021 10860
4/02 10250 10202
10150 10127
9298 9406
8657 8673
8707 8730
7755 7782
8446 8466
8897 8963
8396 8437
8116 8217
7985 8094
8036 8172
4/03 8657 8845
9128 9310
9208 9429
9328 9596
9538 9783
9538 9679
10100 10226
10250 10316
10777 10856
10937 11056
11058 11209
10887 11040
4/04 10737 10867
10727 11016
10968 11230
10526 10858
10516 10902
10627 11020
10697 11188
11158 11641
11611 12037
11388 11744
11611 11991
11388 11778
4/05 11187 11555
11590 11922
11722 11940
12146 12383
12115 12270
12237 12370
11893 12163
12338 12623
12315 12627
12618 12962
12608 12997
12730 13159
4/06 12851 13335
12487 12952
12497 12969
12507 13049
12780 13359
13032 13703
13336 14149
13559 14418
13770 14620
13984 14845
13607 14555
13984 14718
4/07 14606 15369
</Table>
<Table>
--- DISCIPLINED EQUITY FUND --- S&P 500 INDEX
$9,450 starting value $10,000 starting value
$14,606 ending value $15,369 ending value
</Table>
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR 5 YEAR INCEPTION
- -----------------------------------------------------------------
Disciplined Eqy A# 4/30/1998 13.65% 7.34% 4.95%
- -----------------------------------------------------------------
Disciplined Eqy A## 4/30/1998 7.40% 6.13% 4.30%
- -----------------------------------------------------------------
Disciplined Eqy B# 4/30/1998 12.83% 6.57% NA*
- -----------------------------------------------------------------
Disciplined Eqy B## 4/30/1998 7.83% 6.26% NA*
- -----------------------------------------------------------------
Disciplined Eqy C# 4/30/1998 12.85% 6.58% 4.24%
- -----------------------------------------------------------------
Disciplined Eqy C## 4/30/1998 11.85% 6.58% 4.24%
- -----------------------------------------------------------------
Disciplined Eqy R3# 4/30/1998 13.84% 7.81% 5.45%
- -----------------------------------------------------------------
Disciplined Eqy R4# 4/30/1998 14.00% 7.84% 5.47%
- -----------------------------------------------------------------
Disciplined Eqy R5# 4/30/1998 14.15% 7.87% 5.48%
- -----------------------------------------------------------------
Disciplined Eqy Y# 4/30/1998 14.23% 7.89% 5.49%
- -----------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* Inception returns are not applicable for Classes B because
after 8 years Class B converts to Class A.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class C shares commenced operations on 7/31/98. Performance
prior to 7/31/98 reflects Class B performance less Class C
sales charges where applicable. Class R3, R4 and R5 shares
commenced operations on 12/22/06. Performance prior to
12/22/06 reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, R3, R4, R5
and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGEMENT
JAMES A. RULLO, CFA
Senior Vice President, Partner
MAMMEN CHALLY, CFA
Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Disciplined Equity Fund returned 9.52%,
before sales charge, for the six-month period ended April 30, 2007,
outperforming its benchmark, the S&P 500 Index, which returned 8.60% for the
same period. The Fund also outperformed the 8.25% return of the average fund in
the Lipper Large-Cap Core Funds peer group, a group of funds with investment
strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Amid concerns of rising gas prices, a softening job market and a continued
housing slump, equity markets delivered strong returns during the six month
period. The S&P 500 Index was up 8.60% for the period and showed broad-based
strength, posting positive results in all ten sectors. Sector results were led
by Utilities, Materials, and Energy. Consumer Discretionary, Financials and
Information Technology all posted robust returns but lagged the general market.
The Fund's outperformance versus the S&P 500 Index was driven by stock
selection. The Fund benefited from positive selection relative (i.e. performance
of the Fund as measured against the benchmark) to the benchmark in the Health
Care, Consumer Discretionary and Consumer Staples sectors. Top relative
contributors to the Fund included MEMC Electronic Materials, Schering-Plough and
Goodyear Tire & Rubber. MEMC, a company that produces wafers for the
semiconductor industry and silicon products for solar panels, saw its stock soar
during the period. The company is benefiting from the current shortage in the
polysilicon market and strong growth in solar demand which are translating into
elevated polysilicon prices and record margins. Shares in pharmaceutical company
Schering-Plough rose on strong results and investor enthusiasm for the announced
acquisition of Organon Biosciences. We expect the deal to be accretive (i.e.
increase earnings per share) with marketing and sales synergies, an attractive
combined hospital franchise, and a #1 share in animal health. Shares of Goodyear
Tire rose during the period, carried by the company's decision to sell its
Engineered Products business to a private equity firm. Investors were also
pleased by other cost-
13
- --------------------------------------------------------------------------------
cutting initiatives including plant closures and product reassignments. Other
stocks that contributed positively to absolute (i.e. total return) returns
included AT&T and ConocoPhillips.
Stock selection within Industrials and Financials detracted from returns. Stocks
that detracted most from relative performance include Motorola, Office Depot and
Bank of America. Motorola stumbled during the period as it depended too heavily
on the continued success of their record-breaking RAZR line of phones. Profit
margins dropped dramatically as management cut pricing in order to spur sales.
We chose to exit the position given our belief that earnings will continue to
fall throughout 2007. Despite a rise in fourth-quarter earnings, shares of
office supplier Office Depot fell as the company reported disappointing
same-store sales and results from their delivery business disappointed.
Longer-term, the company is well positioned but we exited our position as we see
better value elsewhere. Shares of Bank of America declined as subprime market
woes weighed heavily on lenders. We continue to hold the stock as the low risk
profile, cheap valuation and ability to grow earnings in a tough environment
makes this an attractive holding. Additional stocks that detracted from the
Fund's absolute performance included pharmaceutical company Amgen and software
company Symantec.
WHAT IS THE OUTLOOK?
The Fund focuses on stock selection as the key driver of returns and uses
quantitative portfolio construction techniques to build a portfolio insulated
from some factors that may cause serious under-performance versus the benchmark.
These factors, which include a growth or value orientation, large cash
positions, overexposure to small or large cap stocks and excessive sector bets,
are closely scrutinized and monitored for their impact on overall portfolio
risk. The majority of Fund risk is expected to come from stock selection
decisions.
As a result of our bottom-up stock selection process, at the end of the period
the Fund was overweight (i.e. the Fund's sector position was greater than the
benchmark position) the Health Care, Consumer Discretionary, Telecommunications
and Energy sectors and underweight (i.e. the Fund's sector position was less
than the benchmark position) the Industrials, Consumer Staples, Materials, and
Utilities sectors.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 4.1%
- -------------------------------------------------------------------
Capital Goods 5.1
- -------------------------------------------------------------------
Consumer Cyclical 8.9
- -------------------------------------------------------------------
Consumer Staples 2.0
- -------------------------------------------------------------------
Energy 11.1
- -------------------------------------------------------------------
Finance 25.6
- -------------------------------------------------------------------
Health Care 12.3
- -------------------------------------------------------------------
Services 5.2
- -------------------------------------------------------------------
Technology 22.7
- -------------------------------------------------------------------
Transportation 0.2
- -------------------------------------------------------------------
Utilities 2.5
- -------------------------------------------------------------------
Short-Term Investments 7.4
- -------------------------------------------------------------------
Other Assets & Liabilities -7.1
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
14
The Hartford Dividend and Growth Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS A HIGH LEVEL OF CURRENT
INCOME CONSISTENT WITH GROWTH OF CAPITAL.
PERFORMANCE OVERVIEW(3) 4/30/97 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
DIVIDEND AND GROWTH FUND S&P 500 INDEX RUSSELL 1000 VALUE INDEX
------------------------ ------------- ------------------------
4/30/97 9450 10000 10000
10060 10608 10559
10602 11083 11012
11214 11965 11840
10680 11295 11418
11310 11913 12108
10971 11516 11770
11491 12048 12290
11724 12255 12649
11875 12391 12470
12377 13284 13310
13028 13963 14124
4/98 12956 14104 14218
12741 13862 14007
12874 14424 14187
12778 14271 13937
11144 12208 11863
11842 12990 12543
12680 14045 13515
13058 14896 14145
13420 15754 14626
13291 16413 14743
13089 15903 14535
13412 16539 14836
4/99 14237 17179 16221
13873 16774 16043
14340 17704 16509
13894 17152 16025
13537 17066 15431
13178 16599 14891
13935 17649 15749
13857 18008 15625
14034 19068 15701
13468 18110 15189
12710 17767 14060
14108 19504 15776
4/00 13933 18918 15592
14225 18529 15756
13779 18986 15036
13779 18690 15225
14560 19850 16072
14698 18802 16219
14985 18722 16617
14690 17247 16001
15442 17332 16802
15204 17947 16867
15062 16311 16398
14578 15278 15818
4/01 15322 16464 16594
15579 16574 16967
15178 16172 16591
15276 16012 16555
14788 15011 15892
13825 13799 14774
13834 14063 14646
14581 15141 15498
14736 15275 15863
14773 15052 15741
14999 14762 15766
15398 15317 16512
4/02 14762 14389 15946
14898 14283 16026
14117 13266 15105
13025 12233 13701
12934 12312 13805
11530 10975 12270
12377 11940 13179
13207 12642 14009
12646 11900 13401
12216 11589 13076
11961 11415 12728
11935 11526 12749
4/03 12805 12475 13871
13619 13131 14766
13735 13299 14951
13863 13534 15173
14166 13797 15410
13995 13651 15260
14657 14422 16193
14924 14549 16413
15891 15312 17425
15937 15593 17731
16222 15809 18111
16019 15571 17953
4/04 15862 15327 17514
15871 15537 17693
16274 15839 18111
15904 15315 17855
16042 15376 18109
16318 15542 18390
16494 15780 18696
17196 16418 19641
17799 16977 20299
17357 16563 19938
17978 16911 20599
17617 16612 20317
4/05 17240 16297 19953
17542 16815 20433
17623 16839 20657
18238 17465 21254
18238 17306 21162
18560 17446 21459
18123 17155 20914
18676 17803 21602
18763 17810 21731
19417 18281 22575
19318 18331 22712
19623 18559 23020
4/06 20129 18808 23605
19701 18267 23009
19724 18291 23156
20074 18404 23719
20433 18841 24116
20798 19327 24596
21499 19956 25402
21995 20335 25981
22433 20620 26565
22658 20937 26904
22315 20528 26485
22682 20758 26894
4/07 23702 21677 27888
</Table>
<Table>
--- DIVIDEND AND GROWTH --- S&P 500 INDEX -- RUSSELL 1000 VALUE INDEX
FUND $10,000 starting value $10,000 starting value
$9,450 starting value $21,677 ending value $27,888 ending value
$23,702 ending value
</Table>
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
RUSSELL 1000 VALUE INDEX measures the performance of those Russell 1000 Index
companies with lower price-to-book ratios and lower forecasted growth values.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION 1 5 10 SINCE
DATE YEAR YEAR YEAR INCEPTION
- -----------------------------------------------------------------------
Div & Growth A# 7/22/1996 17.75% 9.93% 9.63% 10.91%
- -----------------------------------------------------------------------
Div & Growth A## 7/22/1996 11.27% 8.69% 9.01% 10.33%
- -----------------------------------------------------------------------
Div & Growth B# 7/22/1996 16.76% 9.05% NA* NA*
- -----------------------------------------------------------------------
Div & Growth B## 7/22/1996 11.76% 8.76% NA* NA*
- -----------------------------------------------------------------------
Div & Growth C# 7/22/1996 16.85% 9.17% 8.87% 10.15%
- -----------------------------------------------------------------------
Div & Growth C## 7/22/1996 15.85% 9.17% 8.87% 10.15%
- -----------------------------------------------------------------------
Div & Growth I# 7/22/1996 17.94% 9.96% 9.64% 10.93%
- -----------------------------------------------------------------------
Div & Growth R3# 7/22/1996 17.85% 10.41% 10.13% 11.42%
- -----------------------------------------------------------------------
Div & Growth R4# 7/22/1996 17.99% 10.43% 10.14% 11.43%
- -----------------------------------------------------------------------
Div & Growth R5# 7/22/1996 18.13% 10.46% 10.15% 11.44%
- -----------------------------------------------------------------------
Div & Growth Y# 7/22/1996 18.20% 10.47% 10.16% 11.45%
- -----------------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* 10 year and inception returns are not applicable for Class B
because after 8 years Class B converts to Class A.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class C shares commenced operations on 7/31/98. Performance
prior to 7/31/98 reflects Class B performance less Class C
sales charges where applicable. Class I shares commenced
operations on 8/31/06. Performance prior to 8/31/06 reflects
Class A performance. Class R3, R4 and R5 shares commenced
operations on 12/22/06. Performance prior to 12/22/06
reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, R3, R4,
R5 and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGER
EDWARD P. BOUSA, CFA
Senior Vice President, Partner
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Dividend and Growth Fund returned 10.25%,
before sales charge, for the six-month period ended April 30, 2007,
outperforming its benchmark, the S&P 500 Index, which returned 8.60% for the
same period. The Fund also outperformed the 9.32% return of the average fund in
the Lipper Equity Income Funds peer group, a group of funds with investment
strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Overall equity market performance was strong for the period. Large cap equities
(+8.6%) outpaced small cap stocks (+6.9%) but underperformed mid caps (+12.0%)
as represented by the S&P 500, Russell 2000, and S&P 400 MidCap indices
respectively. Additionally, value-oriented stocks continued to dominate
growth-oriented stocks. During the six month period, Utilities (+18.1%) and
Materials (+16.0%) were clear leaders within the broad market, as represented by
the S&P 500 Index, while Consumer Discretionary (+5.2%) and Financials (+5.7)
were the weakest sectors in comparison. The Fund's outperformance relative to
the S&P 500 Index was due to both positive stock selection and good sector
allocation. Particularly strong stock selection in the Health Care sector drove
relative outperformance but was modestly offset by weaker security selection in
the Energy sector. Additionally, our overweight (i.e. the Fund's sector position
was greater than the benchmark position) allocation to Energy and Materials
contributed positively to benchmark relative i.e. (performance of the Fund as
measured against the benchmark) performance.
The Fund's top three contributors to absolute performance over the period were
Schering-Plough (Health Care), AT&T (Telecom-
15
- --------------------------------------------------------------------------------
munication Services) and Chevron (Energy). In addition, on a benchmark relative
basis, Deere & Co (Industrials) and Cia Vale do Rio Doce (CVRD) (Materials) were
significant contributors to performance. Schering-Plough's shares benefited from
a strong drug pipeline where the company has three "fast track" designated
programs for FDA approval. AT&T continues to benefit from both its integration
with BellSouth and from a more consolidated Telecommunication Services industry,
which in our opinion is showing signs of stabilization and even growth
prospects. Chevron's shares continue to benefit from higher energy prices and
Deere's shares continue to climb as the company realizes growing agriculture
equipment sales. Brazilian mining company Cia Vale do Rio Doce's shares rose as
strong markets for iron ore and nickel supported higher earnings and guidance.
In addition, results from recently acquired Inco exceeded the market's
expectations. At the end of the period, we held our positions in these stocks.
Detractors from performance included Motorola (Information Technology), Bank of
America (Financials) and Wal-Mart (Consumer Discretionary). Motorola's shares
fell on concerns of their product line as the RAZR matures and as competitors
gain traction in the cell phone market. We eliminated our position in Motorola
during the period. Bank of America's shares weakened following management's
report that net fee income was lower than expected, driven mainly by softness in
credit cards. Wal-Mart's shares fell due to weakening same store sales that
resulted from a Holiday shift and colder than average temperatures. The Fund's
relative performance was also negatively impacted by owning Warner Music
(Consumer Discretionary), whose shares declined on news that its digital music
sales would not offset the rapid decline in physical music sales. We eliminated
our position during the period.
WHAT IS THE OUTLOOK?
Our discipline is focused on identifying industries where supply/demand remains
favorable. We remain overweight Energy, as global demand remains strong and
supply is constrained on a slowdown in spending as well as Iran-related issues.
Also, we continue to see favorable supply/demand characteristics in the
agriculture markets. The housing sector was weak during the first quarter. We
have increased our focus on some of the out-of-favor names but have not acted as
yet. Based on these views and our bottom-up stock selection, at the end of the
period, relative to the S&P 500 Index, the Fund was overweight Energy,
Materials, Consumer Staples, Utilities, Telecommunication Services, and
Industrials and underweight Information Technology, Financials, Consumer
Discretionary, and Health Care.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 7.6%
- -------------------------------------------------------------------
Capital Goods 4.7
- -------------------------------------------------------------------
Consumer Cyclical 7.9
- -------------------------------------------------------------------
Consumer Staples 6.6
- -------------------------------------------------------------------
Energy 15.6
- -------------------------------------------------------------------
Finance 16.2
- -------------------------------------------------------------------
Health Care 10.0
- -------------------------------------------------------------------
Services 7.0
- -------------------------------------------------------------------
Technology 15.5
- -------------------------------------------------------------------
Transportation 0.5
- -------------------------------------------------------------------
Utilities 5.4
- -------------------------------------------------------------------
Short-Term Investments 16.7
- -------------------------------------------------------------------
Other Assets & Liabilities -13.7
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
16
The Hartford Equity Growth Allocation Fund
(formerly The Hartford Aggressive Growth Allocation Fund)
(advised by Hartford Investment Financial Services, LLC)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM CAPITAL
APPRECIATION.
PERFORMANCE OVERVIEW(3) 5/28/04 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
EQUITY GROWTH ALLOCATION FUND S&P 500 INDEX
----------------------------- -------------
5/28/04 9450 10000
9450 10000
9705 10194
9318 9857
8/04 9280 9897
9592 10004
9809 10157
10291 10567
12/04 10669 10927
10357 10661
10565 10885
10328 10692
4/05 10073 10490
10442 10823
10612 10838
11029 11241
8/05 11038 11139
11162 11229
10849 11042
11329 11459
12/05 11536 11463
12127 11766
12041 11798
12280 11945
4/06 12538 12105
11984 11757
11918 11773
11755 11846
8/06 12013 12127
12185 12439
12605 12844
12984 13088
12/06 13195 13272
13414 13476
13225 13213
13483 13360
4/07 13949 13952
</Table>
<Table>
--- EQUITY GROWTH ALLOCATION FUND --- S&P 500 INDEX
$9,450 starting value $10,000 starting value
$13,949 ending value $13,952 ending value
</Table>
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- ----------------------------------------------------------------------
Equity Growth Allocation A# 5/28/2004 11.25% 14.25%
- ----------------------------------------------------------------------
Equity Growth Allocation A## 5/28/2004 5.13% 12.06%
- ----------------------------------------------------------------------
Equity Growth Allocation B# 5/28/2004 10.54% 13.49%
- ----------------------------------------------------------------------
Equity Growth Allocation B## 5/28/2004 5.54% 12.68%
- ----------------------------------------------------------------------
Equity Growth Allocation C# 5/28/2004 10.47% 13.47%
- ----------------------------------------------------------------------
Equity Growth Allocation C## 5/28/2004 9.47% 13.47%
- ----------------------------------------------------------------------
Equity Growth Allocation I# 5/28/2004 11.46% 14.32%
- ----------------------------------------------------------------------
Equity Growth Allocation R3# 5/28/2004 11.09% 14.19%
- ----------------------------------------------------------------------
Equity Growth Allocation R4# 5/28/2004 11.25% 14.25%
- ----------------------------------------------------------------------
Equity Growth Allocation R5# 5/28/2004 11.41% 14.30%
- ----------------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class I shares commenced operations on 8/31/06. Performance
prior to 8/31/06 reflects Class A performance. Class R3, R4
and R5 shares commenced operations on 12/22/06. Performance
prior to 12/22/06 reflects Class A performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, R3, R4
and R5 shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGERS
HUGH WHELAN
Senior Vice President
EDWARD C. CAPUTO
Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Equity Allocation Fund returned 10.66%,
before sales charge, for the six months ended April 30, 2007, versus 8.60% for
the S&P 500 Index, and 9.25% for the Lipper Multi-Cap Core Funds category, a
group of funds with investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
The Fund's structure allows for investment across all market capitalizations and
styles, both within the U.S. and internationally. This diversification is
designed to enhance the long-term return and risk characteristics of the Fund.
The Fund's equity allocation is structured around five equity indexes. For the
six month period, the MSCI EAFE Index (international equities) was up 15.68%;
the Russell MidCap Index (U.S. mid cap equities) was up 12.24%; the Russell 1000
Value Index (U.S. large cap equities) was up 9.79%; the Russell 1000 Growth
Index (U.S. large cap equities) was up 8.42%; and the Russell 2000 Index (U.S.
small cap equities) was up 6.86%. The Fund benefited from its international and
mid cap equity exposure, as well as its large cap value bias.
Besides the asset allocation decision, the Fund's performance is also influenced
by the performance of the underlying active fund mangers. In keeping with the
Fund's long-term approach, we typically use cash flows to reallocate among the
underlying funds. However, a hard rebalance (i.e. a fund rebalancing to move the
underlying fund investments to their target allocation percentages) was
performed in November to align the actual allocations with our targets.
WHAT IS THE OUTLOOK?
Economic data continues to suggest weaker growth ahead, a trend that began in
the first quarter of the year. Additionally, the Federal Reserve concluded at
its March meeting that business executives are pessimistic about sales growth,
which poses a downside risk to the economy. Other risks going forward include
the potential effects of the ongoing troubles within the housing sector as well
as
17
- --------------------------------------------------------------------------------
persistently high energy and food costs, which could sap consumer spending.
Although business activity has been sluggish, strong consumption supports
growth. And while recent CPI data suggests some moderation in core inflation,
inflationary pressures remain elevated. Unless these pressures ease, we believe
it is unlikely that the Federal Reserve will cut rates in the foreseeable
future, as many are anticipating. While we do not feel that the economy is
headed for a recession, our outlook for growth and interest rates is biased to
the lower side. We will continue to seek outperformance by focusing on our
disciplined long-term approach of asset allocation.
COMPOSITION BY UNDERLYING FUND
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
FUND NAME NET ASSETS
- -------------------------------------------------------------------
Hartford Capital Appreciation Fund, Class Y 23.6%
- -------------------------------------------------------------------
Hartford Disciplined Equity Fund, Class Y 8.5
- -------------------------------------------------------------------
Hartford Equity Income Fund, Class Y 4.8
- -------------------------------------------------------------------
Hartford Global Leaders Fund, Class Y 7.2
- -------------------------------------------------------------------
Hartford Growth Opportunities Fund, Class Y 6.5
- -------------------------------------------------------------------
Hartford International Opportunities Fund, Class Y 6.2
- -------------------------------------------------------------------
Hartford International Small Company Fund, Class Y 6.3
- -------------------------------------------------------------------
Hartford Select MidCap Value Fund, Class Y 1.9
- -------------------------------------------------------------------
Hartford Select Small Cap Value Fund, Class Y 7.0
- -------------------------------------------------------------------
Hartford Small Company Fund, Class Y 8.7
- -------------------------------------------------------------------
Hartford Value Fund, Class Y 19.3
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
18
The Hartford Equity Income Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS A HIGH LEVEL OF CURRENT
INCOME CONSISTENT WITH GROWTH OF CAPITAL.
PERFORMANCE OVERVIEW(3) 8/28/03 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
EQUITY INCOME FUND RUSSELL 1000 VALUE INDEX
------------------ ------------------------
8/28/03 9450 10000
9450 10063
9403 9965
9800 10575
9944 10718
10613 11379
10546 11579
10736 11827
10623 11723
4/04 10432 11437
10470 11553
10633 11826
10422 11660
10642 11826
10764 12009
10860 12209
11287 12826
11623 13255
11458 13020
11904 13452
11607 13267
4/05 11568 13029
11617 13343
11678 13489
12012 13879
11982 13819
12174 14013
11918 13657
12179 14106
12201 14190
12540 14742
12739 14832
12754 15032
4/06 13244 15414
12954 15025
13042 15121
13394 15489
13595 15748
13802 16062
14146 16588
14333 16966
14718 17347
14866 17569
14729 17295
15047 17562
4/07 15598 18211
</Table>
<Table>
--- EQUITY INCOME FUND --- RUSSELL 1000 VALUE INDEX
$9,450 starting value $10,000 starting value
$15,598 ending value $18,211 ending value
</Table>
RUSSELL 1000 VALUE INDEX measures the performance of those Russell 1000 Index
companies with lower price-to-book ratios and lower forecasted growth values.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
PORTFOLIO MANAGER
JOHN R. RYAN, CFA
Senior Vice President, Partner
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- ------------------------------------------------------
Equity Income A# 8/28/2003 17.78% 14.62%
- ------------------------------------------------------
Equity Income A## 8/28/2003 11.30% 12.86%
- ------------------------------------------------------
Equity Income B# 8/28/2003 16.79% 13.67%
- ------------------------------------------------------
Equity Income B## 8/28/2003 11.79% 13.09%
- ------------------------------------------------------
Equity Income C# 8/28/2003 16.90% 13.81%
- ------------------------------------------------------
Equity Income C## 8/28/2003 15.90% 13.81%
- ------------------------------------------------------
Equity Income I# 8/28/2003 17.88% 14.64%
- ------------------------------------------------------
Equity Income R3# 8/28/2003 17.91% 15.09%
- ------------------------------------------------------
Equity Income R4# 8/28/2003 17.99% 15.12%
- ------------------------------------------------------
Equity Income R5# 8/28/2003 18.16% 15.16%
- ------------------------------------------------------
Equity Income Y# 8/28/2003 18.24% 15.18%
- ------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class I shares commenced operations on 8/31/06. Performance
prior to 8/31/06 reflects Class A performance. Class R3, R4
and R5 shares commenced operations on 12/22/06. Performance
prior to 12/22/06 reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, R3, R4,
R5 and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Equity Income Fund returned 10.27%, before
sales charge, for the six-month period ended April 30, 2007, outperforming its
benchmark, the Russell 1000 Value Index, which returned 9.79% for the same
period. The Fund also outperformed the 9.32% return of the average fund in the
Lipper Equity Income Funds peer group, a group of funds with investment
strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
During the period, U.S. equities posted strong positive returns supporting the
Fund's positive returns. Continuing the trend of the last seven years,
value-oriented stocks outperformed growth-oriented stocks, measured by the
Russell 1000 Value Index (9.79%) versus the Russell 1000 Growth Index (8.42%).
All ten broad industry sectors of the Fund's Russell 1000 Value Index benchmark
posted positive returns, with Utilities (19.64%) and Materials (18.65%) leading
the way. In a reversal of prior trends, large cap stocks outperformed small cap
stocks and underperformed mid cap stocks. The Russell 2000 Small Cap Index
returned (6.86%), compared to the S&P 500 Index return of (8.60%) and the S&P
400 Mid Cap Index return of (11.98%).
The primary driver of the Fund's relative (i.e. performance of the Fund as
measured against the benchmark) outperformance during the period was favorable
sector allocation. In particular, we were overweight (i.e. the Fund's sector
position was greater than the benchmark position) Utilities, Materials, and
Industrials and underweight (i.e. the Fund's sector position was less than the
benchmark position) Financials. Overall stock selection was mixed, with the
strongest contributions in Health Care, Utilities and Consumer Staples.
The three largest absolute (i.e. total return) contributors to performance were
FPL Group (Utilities), AT&T (Telecommunication Services) and Exxon Mobil
(Energy). In addition, on a relative basis, Baxter International (Health Care)
and Exelon Corporation (Utilities) were also significant contributors. FPL is
one of the largest integrated utilities in the US. The stock benefited from
better than expected results at FPL Energy and increasing valuations for
unregulated assets. AT&T's shares benefited from its much anticipated merger
with BellSouth. Exxon Mobil's shares climbed due to high demand for energy and
higher prices. Baxter reported better than expected earnings reflecting
significant margin expansion and strong pricing in their plasma business. Exelon
continues to perform strongly as we near conclusion on the Illinois power
auction. We owned these stocks at the end of the period.
The three largest benchmark relative detractors owned in the portfolio were Bank
of America (Financials), US Bancorp (Financials) and Halliburton (Energy). Bank
of America's shares weakened following management's report that net fee income
was
19
- --------------------------------------------------------------------------------
lower than expected, driven mainly by softness in credit cards. US Bancorp's
shares declined over concerns about lower loan growth due to a slowing economy,
as well as heightened concerns about exposure to sub prime loans. We eliminated
Halliburton due to a drilling slowdown in the Rockies and Canada resulting from
spending declines by exploration companies.
WHAT IS THE OUTLOOK?
While global economic growth appears to be on track, there clearly has been a
deceleration in the U.S. We continue to anticipate 2-3% domestic GDP growth,
with global growth above 3% and global profit growth in the single digits.
Overall, the inflation picture is mixed, as the recovery in oil prices and
increases in grain prices predict increased pressure on inflation and interest
rates. The biggest negative in the economy is housing, which was overbuilt and
clearly is correcting. However, we consider physical statistics such as freight
volumes and airline passenger figures as more useful gauges of the overall
health of the economy, and so far these measures point toward steady but slowing
growth.
Recently, the market has punished caution and rewarded risk, but we may be
entering a period where risk is more efficiently priced. We are positioned for
continued global growth, but have taken cyclical exposure off the table on the
margin by buying consumer staples companies and selling more economically
sensitive names.
At the end of the period, relative to the Russell 1000 Value Index, the Fund was
overweight Industrials, Utilities, Consumer Staples, Materials, Health Care and
Telecommunications Services and underweight Consumer Discretionary, Financials,
Energy and Information Technology.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 7.9%
- -------------------------------------------------------------------
Capital Goods 6.9
- -------------------------------------------------------------------
Consumer Cyclical 2.5
- -------------------------------------------------------------------
Consumer Staples 7.1
- -------------------------------------------------------------------
Energy 11.2
- -------------------------------------------------------------------
Finance 28.8
- -------------------------------------------------------------------
Health Care 8.4
- -------------------------------------------------------------------
Services 1.9
- -------------------------------------------------------------------
Technology 12.1
- -------------------------------------------------------------------
Utilities 10.9
- -------------------------------------------------------------------
Short-Term Investments 6.8
- -------------------------------------------------------------------
Other Assets & Liabilities -4.5
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
20
The Hartford Floating Rate Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS A HIGH LEVEL OF CURRENT
INCOME.
PERFORMANCE OVERVIEW(3) 4/29/05 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
FLOATING RATE FUND CSFB LEVERAGED LOAN INDEX
------------------ -------------------------
4/29/05 9700 10000
9681 10008
9799 10075
9869 10154
8/05 9960 10225
9984 10273
9997 10306
10042 10340
12/05 10100 10391
10159 10460
10230 10533
10292 10611
4/06 10354 10662
10377 10703
10402 10747
10457 10803
8/06 10536 10877
10583 10936
10654 11010
10714 11069
12/06 10774 11154
10878 11248
10956 11331
10997 11386
4/07 11057 11448
</Table>
<Table>
--- FLOATING RATE FUND --- CSFB LEVERAGED LOAN INDEX
$9,700 starting value $10,000 starting value
$11,057 ending value $11,448 ending value
</Table>
CSFB LEVERAGED LOAN INDEX is designed to mirror the investable universe of the
$U.S.-denominated leveraged loan market.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- ------------------------------------------------------
Floating Rate A# 1/1/2005 6.78% 6.75%
- ------------------------------------------------------
Floating Rate A## 1/1/2005 3.58% 5.14%
- ------------------------------------------------------
Floating Rate B# 1/1/2005 5.92% 5.90%
- ------------------------------------------------------
Floating Rate B## 1/1/2005 0.92% 4.48%
- ------------------------------------------------------
Floating Rate C# 1/1/2005 6.00% 5.96%
- ------------------------------------------------------
Floating Rate C## 1/1/2005 5.00% 5.96%
- ------------------------------------------------------
Floating Rate I# 1/1/2005 7.06% 6.89%
- ------------------------------------------------------
Floating Rate R3# 1/1/2005 6.88% 6.90%
- ------------------------------------------------------
Floating Rate R4# 1/1/2005 6.97% 6.95%
- ------------------------------------------------------
Floating Rate R5# 1/1/2005 7.15% 7.04%
- ------------------------------------------------------
Floating Rate Y# 1/1/2005 7.10% 7.01%
- ------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class I shares commenced operations on 8/31/06. Performance
prior to 8/31/06 reflects Class A performance. Class R3, R4
and R5 shares commenced operations on 12/22/06. Performance
prior to 12/22/06 reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, R3, R4,
R5 and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGERS
MICHAEL BACEVICH
Managing Director
JOHN CONNOR
Senior Vice President, Credit Research Analyst
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Floating Rate Fund returned 3.78%, before
sales charge, for the six-month period ended April 30, 2007, versus its
benchmark, the CSFB Leveraged Loan Index, which returned 3.99%, and the 3.74%
average return of the Lipper Loan Participation Funds category, a group of funds
with investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
As the Fund continued its recent pace of strong growth during the period, we
were active buyers of newly issued leveraged bank loans and floating rate high
yield bonds. Specifically, we participated in several "landmark" financings
during the period, including transactions for Freeport-McMoran Copper and Gold
Inc., Charter Communications, Celanese Corporation, Univision, Reader's Digest,
and Equity Office Properties, as well as numerous smaller deals. The Freeport
deal, which included $11 billion of bank loans, was the second largest such
transaction ever completed, and we participated in both bank loan and floating
rate note offerings for the company; both positions have benefited Fund
performance. We also executed a large volume of secondary loan and bond trades
in order to grow several core positions, while also pruning some of our
relatively weaker holdings in the building products and technology sectors.
During the period we moderately increased our high yield bond exposure, which is
comprised of both floating rate notes and short duration, fixed rate holdings.
Our high yield purchases were generally accretive (i.e. additive) to portfolio
value.
The portfolio's sector weights are generally in line with those of the CSFB
Leveraged Loan Index, with the exceptions of a slight overweight (i.e. the
Fund's sector position was greater than the benchmark position) position in the
Media/Telecom sectors reflecting our very positive outlook for cable and
broadcasting, and moderately underweight (i.e. the Fund's sector position was
less than the benchmark position) positions in both the Information Technology
and Metals/Minerals sectors, reflecting our more cautious approach to these
industries. On an issuer basis, the overall diversification of the portfolio
increased; at the end of the period, there was only one position representing
greater than 1% of Fund assets. There were no new loan/bond defaults in the
quarter.
21
- --------------------------------------------------------------------------------
WHAT IS THE OUTLOOK?
We remain positive on the floating rate asset class in general. We believe that
floating rates (e.g. LIBOR) are likely to remain generally flat well into, if
not through all of the second half of 2007, and that relatively benign economic
conditions in the U.S. and Europe will enhance the overall stability of both the
primary and secondary loan markets. The bank loan and high yield bond markets
have continued to be extremely liquid and have retained a positive tone towards
new issues and secondary trading levels. We also anticipate that the major
challenges that have recently arisen in U.S. credit markets (e.g. sub-prime
lending and other real estate-related issues) will have relatively minor impact
on our portfolio, and that the Fund's defensive orientation and strong
diversification will position it well for most scenarios going forward.
Going forward, a key challenge for us will be to avoid, or at least minimize,
potential credit problems associated with very aggressive transactions in the
bank loan market. Specifically, we continue to see numerous deals that contain
relatively little standard financial covenant protection, have excessive
leverage, or are in volatile or weakening industries such as auto and
technology. Consequently, we are turning down an increasing number of new issue
loan opportunities that fail to meet our standards. As always, we remain focused
on maintaining the solid credit quality of the Fund via extensive due diligence
of new opportunities, active secondary trading, and portfolio diversification.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 13.6%
- -------------------------------------------------------------------
Capital Goods 2.7
- -------------------------------------------------------------------
Consumer Cyclical 13.2
- -------------------------------------------------------------------
Consumer Staples 4.5
- -------------------------------------------------------------------
Energy 1.8
- -------------------------------------------------------------------
Finance 9.1
- -------------------------------------------------------------------
Health Care 10.3
- -------------------------------------------------------------------
Services 23.4
- -------------------------------------------------------------------
Technology 15.4
- -------------------------------------------------------------------
Transportation 3.1
- -------------------------------------------------------------------
Utilities 3.2
- -------------------------------------------------------------------
Short-Term Investments 4.8
- -------------------------------------------------------------------
Other Assets & Liabilities -5.1
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
22
The Hartford Fundamental Growth Fund (formerly The Hartford Focus Fund)
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM CAPITAL APPRECIATION.
PERFORMANCE OVERVIEW(2) 5/24/01 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
FUNDAMENTAL EQUITY FUND S&P 500 INDEX RUSSELL 1000 VALUE INDEX
----------------------- ------------- ------------------------
5/24/2001 9450 10000 10000
9441 9715 9853
9185 9479 9625
8996 9386 9384
8770 8799 8617
8014 8088 7756
8335 8243 8163
9129 8875 8948
9526 8953 8931
9176 8823 8773
9072 8652 8409
9299 8978 8700
4/02 8439 8434 7990
8222 8372 7796
7513 7776 7075
7125 7170 6686
7088 7217 6706
6275 6433 6011
6917 6998 6562
7626 7410 6918
7106 6975 6441
6927 6793 6284
6719 6691 6255
6738 6756 6372
4/03 7229 7312 6843
7664 7697 7184
7721 7795 7283
8042 7933 7465
8108 8087 7650
7919 8002 7568
8448 8454 7993
8514 8528 8077
9034 8975 8356
9091 9140 8527
9110 9267 8581
8892 9127 8422
4/04 8703 8984 8324
8807 9107 8479
9063 9284 8585
8855 8977 8100
8826 9013 8060
8789 9110 8137
8637 9249 8264
8996 9624 8548
9246 9951 8883
9029 9708 8587
9218 9913 8678
8887 9737 8520
4/05 8849 9553 8358
9209 9856 8762
9190 9870 8730
9662 10237 9156
9643 10144 9039
9785 10226 9080
9700 10056 8992
10069 10435 9380
10121 10439 9350
10312 10716 9515
10207 10745 9500
10283 10878 9640
4/06 10417 11024 9627
10122 10707 9300
9846 10722 9264
9684 10788 9087
9998 11044 9371
10217 11328 9628
10484 11697 9967
10912 11919 10164
11055 12086 10199
11207 12272 10461
11017 12033 10264
11007 12167 10320
4/07 11464 12706 10806
</Table>
<Table>
--- FUNDAMENTAL GROWTH FUND --- S&P 500 INDEX -- RUSSELL 1000 GROWTH INDEX
$9,450 starting value $10,000 starting value $10,000 starting value
$11,464 ending value $12,706 ending value $10,806 ending value
</Table>
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
RUSSELL 1000 GROWTH INDEX is an unmanaged index that measures the performance of
those Russell 1000 Index companies with higher price-to-book ratios and higher
forecasted growth values.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR 5 YEAR INCEPTION
- -------------------------------------------------------
Focus A# 5/24/2001 10.05% 6.31% 3.31%
- -------------------------------------------------------
Focus A## 5/24/2001 3.99% 5.12% 2.33%
- -------------------------------------------------------
Focus B# 5/24/2001 9.31% 5.55% 2.56%
- -------------------------------------------------------
Focus B## 5/24/2001 4.31% 5.22% 2.41%
- -------------------------------------------------------
Focus C# 5/24/2001 9.21% 5.55% 2.56%
- -------------------------------------------------------
Focus C## 5/24/2001 8.21% 5.55% 2.56%
- -------------------------------------------------------
Focus Y# 5/24/2001 10.52% 6.78% 3.77%
- -------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B, C and Y shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGER
FRANCIS J. BOGGAN, CFA
Senior Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Fundamental Growth Fund returned 9.35%,
before sales charge, for the six-month period ended April 30, 2007, versus the
returns of 8.60% for the S&P 500 Index and 8.42% for the Russell 1000 Growth
Index. The Fund also outperformed the 8.25% return of the average fund in the
Lipper Large Cap Core Funds peer group, a group of funds with investment
strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Amid concerns of rising gas prices, a softening job market and a continued
housing slump, equity markets posted strong returns during the six month period.
The benchmark showed broad based strength, posting positive results in all ten
sectors. Sector results were led by Utilities, Materials, and Energy. Consumer
Discretionary, Information Technology, and Consumer Staples all posted robust
returns but lagged the broader market.
The Fund outperformed during the period due to strong stock selection across
several sectors including Health Care, Information Technology and Materials.
Sector allocation, a result of bottom-up stock selection, also played a major
role as the Fund's overweight (i.e. the Fund's sector position was greater than
the benchmark position) position to strongly performing Energy and Utilities
contributed positively to benchmark relative (i.e. performance of the Fund as
measured against the benchmark) returns.
The three largest contributors to relative performance were First Data, Cia Vale
do Rio Doce (CVRD), and EMC. Electronic payment service provider First Data's
stock appreciated during the period as it was the target of a leveraged buyout
bid from Kohlberg Kravis Roberts (KKR). We eliminated the stock on strong
performance. The stock of Brazilian mining company CVRD continued to rise during
the period, bolstered by commodity prices. Additionally, implementation of the
company's strategy to integrate its Inco acquisition should generate synergies
for the company. We continue to view the company as well-positioned in iron ore
and nickel, which should drive strong fundamentals over the next few years.
Shares of information storage provider EMC rose as it announced
stronger-than-expected profits and surging sales. The company has benefited from
its expensive push to grow offerings with a string of acquisitions
23
- --------------------------------------------------------------------------------
during recent years. International growth has also contributed to results. We
continue to view the company favorably but have trimmed our position on strong
performance. Other stocks that contributed to positive absolute (i.e. total
return) performance included Deere, Citigroup and Cameco.
Stock selection within the Financials, Energy and Consumer Staples sectors hurt
relative performance. Top detractors from relative performance included Circuit
City, United Parcel Service and Countrywide Financial. Shares of Circuit City
tumbled after the consumer electronics retailer posted disappointing
third-quarter results. Circuit City has been a turnaround story selling at very
depressed valuations and they have struggled executing its turnaround plan
consistently. Slowing U.S. industrial production has weighed on shares of United
Parcel Service, but we still have confidence in the longer term story.
Countrywide, the large U.S. residential mortgage lender saw shares decline as it
announced that mortgage delinquencies and foreclosures are at, or near, multi-
year highs, raising concerns about the impact of the weakening sub-prime
mortgage market on the company's earnings. We sold our position in all three
stocks. Stocks that detracted from performance on an absolute basis included
MUFG, Akamai Technologies, and E-Trade.
WHAT IS THE OUTLOOK?
On April 1, 2007, The Hartford Focus Fund changed its name to The Hartford
Fundamental Growth Fund and Francis J. Boggan, CFA took over as portfolio
manager. At that time, the Fund's investment strategy was modified to invest in
a more diversified portfolio of large-cap stocks with a focus on high quality
growth companies. The Fund will generally hold between 50-80 names. As a result,
the Russell 1000 Growth Index has been added as a benchmark of the Fund. Steven
T. Irons, CFA and Peter I. Higgins, CFA will no longer serve as portfolio
managers of the Fund.
At end of the period, the Fund's bottom-up investment approach resulted in
overweights in Information Technology, Telecommunication Services and Materials
and underweight (i.e. the Fund's sector position was less than the benchmark
position)s in Industrials and Consumer Staples.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 5.1%
- -------------------------------------------------------------------
Capital Goods 4.2
- -------------------------------------------------------------------
Consumer Cyclical 10.2
- -------------------------------------------------------------------
Consumer Staples 3.0
- -------------------------------------------------------------------
Energy 4.3
- -------------------------------------------------------------------
Finance 13.9
- -------------------------------------------------------------------
Health Care 13.7
- -------------------------------------------------------------------
Services 6.3
- -------------------------------------------------------------------
Technology 34.7
- -------------------------------------------------------------------
Utilities 1.5
- -------------------------------------------------------------------
Short-Term Investments 15.6
- -------------------------------------------------------------------
Other Assets & Liabilities -12.5
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
24
The Hartford Global Communications Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM CAPITAL APPRECIATION.
PERFORMANCE OVERVIEW(2) 10/31/00 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
MSCI AC WORLD
GLOBAL COMMUNICATIONS TELECOMMUNICATIONS SERVICES
FUND S&P 500 INDEX INDEX
--------------------- ------------- ---------------------------
10/31/00 9450 10000 10000
7314 9212 8625
7399 9257 8405
8883 9586 9230
7069 8712 7800
5982 8161 7361
4/01 6492 8794 7922
5963 8853 7312
5689 8638 6831
5585 8553 6911
4791 8018 6173
4564 7370 6248
4319 7511 6020
4564 8087 6306
4697 8158 6343
4101 8039 5775
3600 7884 5513
3733 8181 5585
4/02 3317 7685 4976
3326 7628 5009
2882 7085 4489
2731 6533 4254
2882 6576 4250
2504 5862 3594
3062 6377 4411
3393 6752 4883
3241 6356 4594
3156 6190 4493
3137 6097 4261
3081 6156 4208
4/03 3383 6662 4713
3667 7013 5055
3865 7103 5098
3875 7228 4978
3988 7369 4964
4064 7291 4994
4413 7703 5234
4564 7770 5413
5018 8178 5855
5160 8328 6052
5160 8444 6096
5160 8316 5968
4/04 4961 8186 5868
4905 8298 5717
5084 8459 5824
4923 8179 5792
4668 8212 5848
4791 8301 6000
5179 8428 6285
5963 8769 6751
6194 9067 7014
5956 8846 6718
6184 9032 6828
5794 8872 6656
4/05 5613 8704 6537
5784 8981 6520
6203 8994 6585
6775 9328 6882
6746 9243 6871
7004 9318 6917
6785 9162 6733
7004 9508 6665
7090 9512 6669
7273 9764 6799
7399 9790 6831
7534 9912 7058
4/06 7727 10045 7319
7012 9756 7118
6800 9769 7147
6761 9829 7339
6915 10063 7501
7157 10322 7823
7775 10658 8348
8242 10861 8581
8666 11013 8950
8764 11182 9174
8440 10964 9137
8499 11086 9311
4/07 8951 11577 9684
</Table>
<Table>
--- GLOBAL COMMUNICATIONS FUND --- MSCI AC WORLD TELECOMMUNICATIONS
$9,450 starting value SERVICES INDEX
$8,951 ending value $10,000 starting value
$9,684 ending value
-- S&P 500 INDEX
$10,000 starting value
$11,577 ending value
</Table>
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
MSCI AC (ALL COUNTRY) WORLD TELECOMMUNICATIONS SERVICES INDEX is a free
float-adjusted market capitalization index which measures the performance of
companies within the telecommunications sector across both developed and
emerging market countries. The index is calculated to exclude companies and
share classes which cannot be freely purchased by foreigners.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR 5 YEAR INCEPTION
- --------------------------------------------------------------
Global Comm A# 10/31/2000 15.84% 21.95% -0.83%
- --------------------------------------------------------------
Global Comm A## 10/31/2000 9.47% 20.58% -1.69%
- --------------------------------------------------------------
Global Comm B# 10/31/2000 15.18% 21.10% -1.49%
- --------------------------------------------------------------
Global Comm B## 10/31/2000 10.18% 20.91% -1.49%
- --------------------------------------------------------------
Global Comm C# 10/31/2000 15.07% 21.03% -1.53%
- --------------------------------------------------------------
Global Comm C## 10/31/2000 14.07% 21.03% -1.53%
- --------------------------------------------------------------
Global Comm Y# 10/31/2000 16.48% 22.50% -0.36%
- --------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B, C and Y shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGEMENT TEAM
ARCHANA BASI, CFA
Vice President, Global Industry Analyst
DAVID NINCIC, CFA
Vice President, Global Industry Analyst
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Global Communications Fund returned 15.12%,
before sales charge, for the six-month period ended April 30, 2007,
underperforming its benchmark, the MSCI AC World Telecommunication Services
Index, which returned 15.86% for the same period. The Fund outperformed the
12.51% return of the average fund in the Lipper Telecommunications Funds peer
group, a group of funds with investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Telecommunication Services stocks performed well during the period, outpacing
the broader market as represented by the S&P 500 Index (+8.6%) and the MSCI AC
World Telecommunication Services Index (+12.1%).
The Fund's strong absolute (i.e. total return) performance was primarily due to
holdings within Wireless Telecommunications Services and Diversified
Telecommunications Services. However, non-benchmark positions in the
Communications Equipment and Software industries detracted from relative (i.e.
performance of the Fund as measured against the benchmark) performance. At the
regional level, allocation decisions were positive as the Fund benefited from an
overweight (i.e. the Fund's sector position was greater than the benchmark
position) to Emerging Markets. Strong security selection within Emerging Markets
and Europe (ex UK) was more than offset by weaker selection in North America.
Stocks that detracted from relative and absolute performance included Nortel
Networks, Syniverse Holdings and Sprint Nextel. Nortel Network's shares fell on
the back of a reduction of the company's first quarter expectations, a delay in
filing the annual report, and former company officers being charged by the
Securities and Exchange Commission. Shares in Syniverse, a provider of
technology services to wireless telecommunications companies, fell on
disappointing fourth quarter results and 2007 outlook. Shares of Sprint Nextel
fell after the company reported continued weak results. We eliminated the stock
as we lost
25
- --------------------------------------------------------------------------------
confidence in the merger synergies and management's ability to control its cost
structure. Additionally, non-benchmark holding NeuStar was a top relative
detractor due to investor concerns about a contract renegotiation that resulted
in lower rates. We held Nortel Networks, Syniverse and NeuStar at the end of the
period.
Top contributors to relative and absolute performance during the period included
Leap Wireless, MTN Group, Mobile Telesystems and Vimpel Communications. Leap
Wireless, an American wireless carrier, enjoyed strong subscriber growth in its
subprime niche. Shares in MTN Group, a large Africa-based mobile phone operator,
were up as the company continued to realize strong subscriber additions which
drove rapid revenue and earnings growth. In Russia, both Mobile Telesystems and
Vimpel Communication reported strong results and increased average revenues per
user (ARPU) due to seasonally higher roaming revenues, higher minutes of use,
pricing stability and ruble-based tariffs. We held all four stocks at the end of
the period.
WHAT IS THE OUTLOOK?
We remain optimistic on the performance of telecom stocks. Within the wireline
sector, we continue to prefer stocks outside of North America. While many
international wireline carriers face access line declines and voice substitution
to wireless, these same carriers often have wireless operations that are
performing well, resulting in solid revenue growth. For the wireless sector, we
continue to be bullish on the Emerging Markets. We are particularly enthusiastic
about Russia, and the Fund holds large positions in Vimpel Communications and
Mobile Telesystems.
We have also become enthusiastic about the wireline telecom equipment sector.
This is a sector that the portfolio has historically avoided, but we believe
that equipment spending will improve as carriers upgrade their networks from
circuit-switched technology to IP (Internet Protocol) standards.
While the telecom industry is highly competitive, we believe that there are many
attractive opportunities. We believe that the Fund can continue to find
underpriced stocks of companies with improving business
fundamentals -- improvements that have yet to be appreciated by the market.
Often, these companies are not well known among global investors, but we
frequently find the best opportunities in stocks unfamiliar to the investment
community. Stock selection continues to focus on companies with solid business
fundamentals, which consensus opinion has misperceived as being weak.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Communications Equipment Manufacturing 4.7%
- -------------------------------------------------------------------
Electrical Equipment Manufacturing -- Component
Other 0.7
- -------------------------------------------------------------------
Entertainment -- Cable & Other Subscription
Programming 0.1
- -------------------------------------------------------------------
Internet Providers & Web Search Portals 1.4
- -------------------------------------------------------------------
Other Telecommunications 31.2
- -------------------------------------------------------------------
Telecommunication Resellers 0.0
- -------------------------------------------------------------------
Wired Telecommunications Carriers 6.1
- -------------------------------------------------------------------
Wireless Communications Services 20.2
- -------------------------------------------------------------------
Wireless Telecommunications Carriers 30.1
- -------------------------------------------------------------------
Short-Term Investments 18.1
- -------------------------------------------------------------------
Other Assets & Liabilities -12.6
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY COUNTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
COUNTRY NET ASSETS
- -------------------------------------------------------------------
Brazil 9.9%
- -------------------------------------------------------------------
Canada 8.6
- -------------------------------------------------------------------
China 1.9
- -------------------------------------------------------------------
Egypt 2.8
- -------------------------------------------------------------------
France 7.1
- -------------------------------------------------------------------
Indonesia 2.8
- -------------------------------------------------------------------
Israel 3.1
- -------------------------------------------------------------------
Italy 0.3
- -------------------------------------------------------------------
Luxembourg 6.1
- -------------------------------------------------------------------
Morocco 0.0
- -------------------------------------------------------------------
Norway 5.1
- -------------------------------------------------------------------
Russia 11.5
- -------------------------------------------------------------------
South Africa 6.0
- -------------------------------------------------------------------
Spain 4.2
- -------------------------------------------------------------------
Turkey 4.7
- -------------------------------------------------------------------
United States 20.4
- -------------------------------------------------------------------
Short-Term Investments 18.1
- -------------------------------------------------------------------
Other Assets & Liabilities -12.6
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
26
The Hartford Global Financial Services Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM CAPITAL APPRECIATION.
PERFORMANCE OVERVIEW(2) 10/31/00 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
GLOBAL FINANCIAL SERVICES MSCI FINANCE EX REAL ESTATE
FUND INDEX S&P 500 INDEX
------------------------- --------------------------- -------------
10/31/00 9450 10000 10000
9091 9618 9212
10036 10358 9257
9856 10361 9586
9630 9685 8712
9289 9114 8161
4/01 9715 9501 8794
9941 9447 8853
9989 9364 8638
9885 9166 8553
9715 9066 8018
8836 8104 7370
8855 8117 7511
9100 8533 8087
9384 8630 8158
8949 8330 8039
8921 8183 7884
9403 8772 8181
4/02 9431 8799 7685
9299 8911 7628
8987 8423 7085
8080 7630 6533
8070 7728 6576
7135 6668 5862
7588 7314 6377
8004 7672 6752
7566 7225 6356
7206 6988 6190
7025 6841 6097
6987 6711 6156
4/03 7718 7651 6662
8098 8072 7013
8184 8233 7103
8459 8609 7228
8430 8518 7369
8582 8730 7291
9218 9425 7703
9256 9508 7770
9831 10097 8178
10023 10330 8328
10281 10564 8444
10243 10532 8316
4/04 9803 10162 8186
9831 10238 8298
9927 10348 8459
9477 10035 8179
9717 10293 8212
9784 10403 8301
9994 10686 8428
10434 11230 8769
10951 11808 9067
10680 11530 8846
10768 11742 9032
10477 11409 8872
4/05 10400 11218 8704
10525 11348 8981
10738 11519 8994
10961 11790 9328
10884 11822 9243
11194 12227 9318
11232 12296 9162
11794 12859 9508
11998 13204 9512
12496 13694 9764
12633 14035 9790
12760 14201 9912
4/06 13337 14808 10045
12819 14197 9756
12702 14154 9769
12731 14352 9829
13181 14783 10063
13356 15093 10322
13689 15531 10658
13901 15717 10861
14371 16236 11013
14570 16248 11182
14266 16020 10964
14360 16100 11086
4/07 14905 16921 11577
</Table>
<Table>
--- GLOBAL FINANCIAL SERVICES FUND --- MSCI FINANCE EX-REAL ESTATE INDEX
$9,450 starting value $10,000 starting value
$14,905 ending value $16,921 ending value
-- S&P 500 INDEX
$10,000 starting value
$11,577 ending value
</Table>
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
MSCI FINANCE EX-REAL ESTATE INDEX is a cap-weighted index that measures the
performance of financial stocks from around the world. This index excludes real
estate.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR 5 YEAR INCEPTION
- -----------------------------------------------------------------
Global Fin Ser A# 10/31/2000 11.76% 9.58% 7.26%
- -----------------------------------------------------------------
Global Fin Ser A## 10/31/2000 5.61% 8.35% 6.33%
- -----------------------------------------------------------------
Global Fin Ser B# 10/31/2000 11.03% 8.84% 6.52%
- -----------------------------------------------------------------
Global Fin Ser B## 10/31/2000 6.03% 8.55% 6.52%
- -----------------------------------------------------------------
Global Fin Ser C# 10/31/2000 10.85% 8.79% 6.48%
- -----------------------------------------------------------------
Global Fin Ser C## 10/31/2000 9.85% 8.79% 6.48%
- -----------------------------------------------------------------
Global Fin Ser Y# 10/31/2000 12.23% 10.08% 7.74%
- -----------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B, C and Y shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGEMENT TEAM
MARK T. LYNCH, CFA
Senior Vice President, Partner,
Global Industry Analyst
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The class A shares of The Hartford Global Financial Services Fund returned
8.88%, before sales charge, for the six-month period ended April 30, 2007,
underperforming its benchmark, the MSCI Finance ex-Real Estate Index, which
returned 9.57% for the same period. The Fund outperformed the 5.67% return of
the average fund in the Lipper Financial Services Funds peer group, a group of
funds with investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Financial stocks have performed well over the last six months. The Capital
Markets and Insurance industries led the group, with Consumer Finance and
Thrifts & Mortgage Finance lagging.
Holdings within Capital Markets contributed most to relative (i.e. performance
of the Fund as measured against the benchmark) performance due to strong
security selection and an overweight (i.e. the Fund's sector position was
greater than the benchmark position) position in this top performing industry.
Stock selection was also strong among Diversified Financial Services and
Commercial Banks; however, these gains were partially offset by weaker selection
within the Thrifts & Mortgage Finance and Consumer Finance industries.
UK Thrifts & Mortgage Finance holdings Kensington Group and Paragon Group were
among the top detractors to relative and absolute (i.e. total return)
performance during the period. Shares in Kensington Group, an independent
specialist lender, fell on the back of rising interest rates from the Bank of
England. Similarly, Paragon Group shares declined as the market views the
company's apartment loans as unusually sensitive to interest rates. Consumer
Finance company Capital One also detracted from relative and absolute
performance; the stock fell after reporting a weak first quarter due to
disappointing results from the recently completed North Fork Bank acquisition.
The Fund did not own strong performer ABN-AMRO during the period, which
detracted from relative performance. We held Kensington Group, Paragon Group and
Capital One at the end of the period.
27
- --------------------------------------------------------------------------------
Top contributors to relative and absolute performance included Julius Baer, Hong
Kong Exchanges and UniCredito Italiano. Julius Baer shares rose as the company
saw strong performance and flows in its U.S. asset management business as well
as from strength in the private banking sector. Hong Kong Exchanges shares
benefited from the proliferation of Chinese IPOs and increased activity on the
stock exchange and the futures exchange during the period; we eliminated the
stock on strength. UniCredito Italiano shares benefited from cost savings from
the 2005 acquisition of Munich-based HVB and good secular growth on the consumer
side. Additionally, the Fund did not own poor performing Commercial Bank stocks
MUFG and Mizuho Financial Group, which contributed positively to benchmark
relative performance. We held onto Julius Baer and UniCredito Italiano at the
end of the period.
WHAT IS THE OUTLOOK?
We continue to focus on stocks with low P/Es (i.e. price/earnings ratios),
opportunistically look for special situations, and avoid companies that are
lacking strong customer franchises. We are increasingly bearish on US banks as a
result of increased competition for loans and deposits. In addition, loan
quality is deteriorating, with sub-prime mortgages and construction lending
leading the way. We favor select megabanks such as Bank of America and
Citigroup, which are well diversified and continue to have favorable valuations.
At the end of the period, we were overweight the Capital Markets and Thrifts &
Mortgage Finance industries and underweight (i.e. the Fund's sector position was
less than the benchmark position) Commercial Banks.
DIVERSIFICATION BY COUNTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
COUNTRY NET ASSETS
- -------------------------------------------------------------------
Australia 2.2%
- -------------------------------------------------------------------
Brazil 1.2
- -------------------------------------------------------------------
Canada 5.2
- -------------------------------------------------------------------
France 1.5
- -------------------------------------------------------------------
Germany 4.1
- -------------------------------------------------------------------
Italy 6.8
- -------------------------------------------------------------------
Liechtenstein 1.1
- -------------------------------------------------------------------
Netherlands 6.0
- -------------------------------------------------------------------
Norway 0.9
- -------------------------------------------------------------------
Switzerland 13.7
- -------------------------------------------------------------------
United Kingdom 13.4
- -------------------------------------------------------------------
United States 40.1
- -------------------------------------------------------------------
Short-Term Investments 3.9
- -------------------------------------------------------------------
Other Assets & Liabilities -0.1
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Agencies, Brokerages, Other Insurance Activities 8.0
- -------------------------------------------------------------------
Commercial Banking 9.5
- -------------------------------------------------------------------
Consumer Lending 1.5
- -------------------------------------------------------------------
Depository Credit Banking 26.2
- -------------------------------------------------------------------
Insurance Carriers 18.4
- -------------------------------------------------------------------
International Trade Financing (Foreign Banks) 16.8
- -------------------------------------------------------------------
Nondepository Credit Banking 2.7
- -------------------------------------------------------------------
Other Financial Investment Activities 3.2
- -------------------------------------------------------------------
Real Estate Credit (Mortgage Banking) 2.8
- -------------------------------------------------------------------
Securities, Commodities and Brokerage 7.1
- -------------------------------------------------------------------
Short-Term Investments 3.9
- -------------------------------------------------------------------
Other Assets & Liabilities -0.1
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
28
The Hartford Global Health Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM CAPITAL
APPRECIATION.
PERFORMANCE OVERVIEW(3) 5/1/00 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
GOLDMAN SACHS HEALTH CARE
GLOBAL HEALTH FUND INDEX S&P 500 INDEX
------------------ ------------------------- -------------
5/1/2000 9450 10000 10000
9620 10391 9795
11323 11522 10036
11503 11132 9879
12118 11534 10493
12922 12043 9939
13111 12333 9897
13463 12507 9117
13965 12959 9162
13168 11763 9487
13128 11708 8622
12321 10664 8076
4/01 12981 11130 8703
13591 11375 8762
13679 11088 8549
13601 11392 8464
13394 11100 7935
12961 11014 7294
13266 11029 7434
13989 11619 8004
14170 11399 8074
13768 11094 7956
13818 11038 7803
14190 11176 8096
4/02 13707 10478 7605
13285 10274 7550
12078 9297 7012
11756 9093 6466
11525 9158 6508
10831 8669 5801
11485 9072 6311
12272 9325 6682
11673 9002 6290
11498 9007 6126
11116 8852 6034
11230 9121 6092
4/03 12210 9541 6594
13407 9986 6941
13717 10414 7029
13769 10455 7153
13634 10226 7293
13944 10241 7215
14243 10342 7623
14591 10529 7690
15306 11091 8093
15877 11417 8242
15981 11573 8356
15804 11239 8230
4/04 15949 11639 8101
15866 11624 8212
16064 11622 8372
15203 10895 8095
15358 11029 8127
15524 11000 8215
15555 10743 8341
16062 11018 8678
17120 11786 8973
16488 11428 8755
16324 11732 8939
15910 11742 8781
4/05 16378 12207 8614
16607 12432 8888
16847 12487 8901
17698 12919 9232
18276 12976 9147
18570 12891 9222
17992 12631 9068
18469 12902 9410
19153 13213 9414
19768 13372 9663
19756 13475 9689
19802 13324 9810
4/06 19559 12904 9941
19223 12675 9655
19304 12680 9668
19791 13211 9728
20104 13558 9959
20208 13693 10215
20683 13779 10548
20716 13758 10748
21114 13930 10899
21609 14426 11066
21392 14172 10851
21404 14239 10972
4/07 22550 15090 11458
</Table>
<Table>
--- GLOBAL HEALTH FUND -- GOLDMAN SACHS HEALTH CARE INDEX
$9,450 starting value $10,000 starting value
$22,550 ending value $15,090 ending value
--- S&P 500 INDEX
$10,000 starting value
$11,458 ending value
</Table>
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
GOLDMAN SACHS HEALTH CARE INDEX is an unmanaged index designed to measure the
performance of companies in the health care sector. Issues in the index include
providers of health care related services including long-term care and
hospitalization facilities, health care management organizations and continuing
care services.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR 5 YEAR INCEPTION
- ---------------------------------------------------------------
Global Health A# 5/1/2000 15.30% 10.46% 13.23%
- ---------------------------------------------------------------
Global Health A## 5/1/2000 8.95% 9.22% 12.32%
- ---------------------------------------------------------------
Global Health B# 5/1/2000 14.37% 9.66% 12.40%
- ---------------------------------------------------------------
Global Health B## 5/1/2000 9.37% 9.38% 12.40%
- ---------------------------------------------------------------
Global Health C# 5/1/2000 14.50% 9.67% 12.42%
- ---------------------------------------------------------------
Global Health C## 5/1/2000 13.50% 9.67% 12.42%
- ---------------------------------------------------------------
Global Health I# 5/1/2000 15.85% 10.57% 13.31%
- ---------------------------------------------------------------
Global Health R3# 5/1/2000 15.53% 10.96% 13.80%
- ---------------------------------------------------------------
Global Health R4# 5/1/2000 15.65% 10.98% 13.82%
- ---------------------------------------------------------------
Global Health R5# 5/1/2000 15.77% 11.00% 13.83%
- ---------------------------------------------------------------
Global Health Y# 5/1/2000 15.89% 11.02% 13.85%
- ---------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class I shares commenced operations on 8/31/06. Performance
prior to 8/31/06 reflects Class A performance. Class R3, R4
and R5 shares commenced operations on 12/22/06. Performance
prior to 12/22/06 reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, R3, R4,
R5 and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGEMENT TEAM
JOSEPH H. SCHWARTZ, CFA
Senior Vice President, Partner,
Global Industry Analyst
JEAN M. HYNES, CFA
Senior Vice President, Partner,
Global Industry Analyst
ANN C. GALLO
Senior Vice President, Partner,
Global Industry Analyst
KIRK J. MAYER, CFA
Vice President, Global Industry Analyst
ROBERT L. DERESIEWICZ
Vice President, Global Industry Analyst
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Global Health Fund returned 9.03%, before
sales charge, for the six-month period ended April 30, 2007, underperforming its
benchmark, the Goldman Sachs Health Care Index, which returned 9.54% for the
same period. The Fund outperformed the 7.52% return of the average fund in the
Lipper Health and Biotechnology peer group, a group of funds with investment
strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
The Health Care sector performed well during the period, outperforming the
broader market, as represented by the S&P 500 Index, which returned 8.60%.
Within the Goldman Sachs Health Care Index, the Providers & Services and
Equipment & Supplies industries were the best performers, while Biotechnology
stocks lagged.
Relative (i.e. performance of the Fund as measured against the benchmark) stock
selection was positive during the period, but was offset by allocation decisions
as the Fund's exposure to Japanese Pharmaceuticals and underweight (i.e. the
Fund's sector position was less than the benchmark position) to Health Care
Providers & Services detracted from performance. Eisai, AstraZeneca, and
Shionogi were the top three detractors from relative performance during the
period. After a strong run throughout 2006, Eisai's stock declined over
speculation of a generic Aciphex, Eisai's anti-ulcer blockbuster, entering the
US market. AztraZeneca shares fell sharply in April on concerns that the company
overpaid for biotechnology company Medimmune. Shionogi fell after taking its
29
- --------------------------------------------------------------------------------
guidance down for the year due to the weak influenza and pollen season in Japan,
as well as weak sales of some of its newer products. In addition, shares of
Amgen declined on negative newsflow regarding the uncertainty around the future
of Aranesp, its anemia drug. While Amgen was the largest detractor on an
absolute (i.e. total return) basis, the Fund held a significantly smaller
position than the benchmark, helping to boost relative performance. We held all
four stocks at the end of the period.
Schering Plough and Medimmune were top contributors on a relative and absolute
basis. Schering-Plough's stock price increased following the company's proposed
acquisition of Organon Biosciences, a pharmaceutical and animal health company
that focuses on women's health and CNS products. The strategic move was viewed
as favorable by investors because it will help diversify Schering's product
portfolio and strengthen its animal health business. Shares of Medimmune, which
is being purchased by AstraZeneca, soared after the company reported a first
quarter profit that more than tripled due to strong sales of Synagis, its
respiratory drug. Abbott Laboratories was a top absolute contributor; the
company benefited from market share gains of its arthritis drug Humira. We held
all three stocks at the end of the period. The Fund also benefited from not
owning poor performers Johnson & Johnson, Genentech and Pfizer.
WHAT IS THE OUTLOOK?
Within the Pharmaceutical & Biotechnology sub-sectors, relative valuations are
attractive as the market continues to harbor reservations about the ability of
companies to replace expected revenue losses due to upcoming patent expirations.
We believe over the long-term, the industry and value in these stocks will be
driven by drug development and commercialization success. We seek to identify
companies that are poised for such success over the coming years and are at very
attractive valuations. Taking advantage of market conditions, we will upgrade
the portfolio by adding good companies on price weakness and trimming into
strength.
Within the Health Care Providers & Services sub-sector, although stocks
generally appear to be fairly valued, investors seeking defensive holdings in
anticipation of an economic slowdown could drive further appreciation. The
recent mid-term elections are likely to result in volatility in the near-term,
as the market digests the implications of a Democrat-controlled Congress. We
will continue to look for companies with stable or improving fundamentals at
attractive valuations.
Within the Health Care Equipment & Supplies sub-sector, most stocks appear
fairly valued; however, we continue to look for companies with underappreciated
franchises or new product pipelines. We continue to believe cardiovascular
disease represents one of the strongest prospects for growth within the
sub-sector, with a large and under penetrated market for cardiac rhythm
management products, particularly implantable cardioverter defibrillators. We
retain our comparatively optimistic view of the US market for these products and
look for growth to reaccelerate in the near-term.
At the end of the period the Fund was most overweight (i.e. the Fund's sector
position was greater than the benchmark position) Pharmaceuticals and
Biotechnology and underweight Medical Technology and Health Care Services.
DIVERSIFICATION BY COUNTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
COUNTRY NET ASSETS
- -------------------------------------------------------------------
Belgium 2.0%
- -------------------------------------------------------------------
Denmark 0.4
- -------------------------------------------------------------------
France 4.4
- -------------------------------------------------------------------
Ireland 1.4
- -------------------------------------------------------------------
Israel 1.3
- -------------------------------------------------------------------
Japan 11.0
- -------------------------------------------------------------------
United Kingdom 2.4
- -------------------------------------------------------------------
United States 73.1
- -------------------------------------------------------------------
Short Term Investments 18.6
- -------------------------------------------------------------------
Other Assets & Liabilities -14.6
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Agencies, Brokerages, Other Insurance Activities 0.6
- -------------------------------------------------------------------
Drugs & Druggists Sundries Wholesalers 5.0
- -------------------------------------------------------------------
General Medical and Surgical Hospitals 1.0
- -------------------------------------------------------------------
Health and Personal Care Stores 1.2
- -------------------------------------------------------------------
Insurance Carriers 8.4
- -------------------------------------------------------------------
Medical Equipment & Supplies Manufacturing 5.4
- -------------------------------------------------------------------
Navigate, Measure, Control Instrument Manufacturing 6.9
- -------------------------------------------------------------------
Nursing Care Facilities 1.2
- -------------------------------------------------------------------
Pharmaceutical & Medicine Manufacturing 57.6
- -------------------------------------------------------------------
Professional Services -- Computer System Design &
Related 0.9
- -------------------------------------------------------------------
Scientific Research & Development Services 7.8
- -------------------------------------------------------------------
Short-Term Investments 18.6
- -------------------------------------------------------------------
Other Assets & Liabilities -14.6
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
30
The Hartford Global Leaders Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS GROWTH OF CAPITAL.
PERFORMANCE OVERVIEW(2) 9/30/98 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
GLOBAL LEADERS FUND MSCI WORLD GROWTH INDEX
------------------- -----------------------
9/30/1998 9450 10000
10697 10871
11482 11573
12319 12419
12932 12858
12572 12348
13175 12805
4/99 13476 12784
13010 12339
13876 13099
14071 12955
13993 13115
13798 13138
14695 13999
15772 14821
18193 16518
17477 15484
19457 16023
19389 16979
4/00 18467 15840
17958 14901
18765 15813
18135 15018
19149 15552
18342 14175
17288 13581
16265 12534
16871 12299
16871 12670
15320 11055
14267 10164
4/01 15370 10987
15052 10769
14764 10394
14395 10241
13598 9612
12413 8815
12782 9191
13877 9891
13947 9941
13489 9618
13389 9645
13818 9887
4/02 13349 9467
13618 9421
12762 8879
11676 8254
11556 8254
10201 7437
11168 8017
12154 8310
11088 7992
10839 7705
10580 7624
10430 7694
4/03 11596 8247
12293 8592
12582 8715
12891 8884
13250 9064
12891 9117
13907 9661
14236 9800
14953 10272
15531 10483
16069 10612
16358 10508
4/04 15730 10302
15940 10410
16477 10553
15182 10048
15093 10020
15860 10222
16428 10474
17334 11007
17693 11423
17025 11116
16627 11403
16029 11186
4/05 15820 10947
16199 11238
16348 11293
16906 11762
17235 11870
17334 12134
16737 11877
17489 12266
17999 12535
19381 13114
18876 12983
19280 13311
4/06 19865 13623
18755 13107
18866 13088
18302 12983
18786 13331
19118 13451
19512 13931
20307 14287
20371 14475
20848 14706
20201 14616
20583 14903
4/07 21337 15562
</Table>
<Table>
--- GLOBAL LEADERS FUND --- MSCI WORLD GROWTH INDEX
$9,450 starting value $10,000 starting value
$21,337 ending value $15,562 ending value
</Table>
MSCI WORLD GROWTH INDEX is a broad-based unmanaged market
capitalization-weighted total return index which measures the performance of
growth securities in 23 developed-country global equity markets including the
United States, Canada, Europe, Australia, New Zealand and the Far East.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR 5 YEAR INCEPTION
- -----------------------------------------------------------------
Global Leaders A# 9/30/1998 7.41% 9.83% 9.95%
- -----------------------------------------------------------------
Global Leaders A## 9/30/1998 1.50% 8.59% 9.23%
- -----------------------------------------------------------------
Global Leaders B# 9/30/1998 6.69% 9.00% NA*
- -----------------------------------------------------------------
Global Leaders B## 9/30/1998 1.69% 8.72% NA*
- -----------------------------------------------------------------
Global Leaders C# 9/30/1998 6.66% 9.10% 9.20%
- -----------------------------------------------------------------
Global Leaders C## 9/30/1998 5.66% 9.10% 9.20%
- -----------------------------------------------------------------
Global Leaders R3# 9/30/1998 7.72% 10.43% 10.52%
- -----------------------------------------------------------------
Global Leaders R4# 9/30/1998 7.82% 10.45% 10.53%
- -----------------------------------------------------------------
Global Leaders R5# 9/30/1998 7.93% 10.47% 10.54%
- -----------------------------------------------------------------
Global Leaders Y# 9/30/1998 8.03% 10.49% 10.55%
- -----------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* Inception returns are not applicable for Class B because
after 8 years Class B converts to Class A.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC. Class
R3, R4 and R5 shares commenced operations on 12/22/06.
Performance prior to 12/22/06 reflects Class Y performance.
(2) Growth of a $10,000 investment in Classes B, C, R3, R4, R5
and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGEMENT
ANDREW S. OFFIT, CPA
Senior Vice President, Partner
JEAN-MARC BERTEAUX
Senior Vice President, Partner
MATTHEW D. HUDSON, CFA
Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Global Leaders Fund returned 9.35%, before
sales charge, for the six-month period ended April 30, 2007, underperforming its
benchmark, the MSCI World Growth Index, which returned 11.71% for the same
period. The Fund also underperformed the 11.48% return of the average fund in
the Lipper Global Large Cap Growth Funds peer group, a group of funds with
investment strategies similar to those of the fund.
WHY DID THE FUND PERFORM THIS WAY?
Despite a strong finish for global equity markets in 2006 helped by robust
merger and acquisition activity and solid cash flows, volatility returned to
global equity markets in 2007. A one day sell-off in the Chinese stock market
and the weakening credit environment marked by high delinquency rates among
subprime borrowers were offset by strong corporate earnings growth and merger
and acquisition activity across many industries. In this environment, the MSCI
World Growth Index lagged the MSCI World Value Index by 84 basis points during
the period. Within MSCI World Growth Index, all sectors had positive returns
during the period, led by Utilities, Industrials, and Materials. The Information
Technology, Health Care, and Financials sectors, the latter of which was weighed
down by the weakening credit environment in the US, lagged broad market returns
for the period.
The Fund's underperformance relative (i.e. performance of the Fund as measured
against the benchmark) to the MSCI World Growth Index during the period resulted
from the Fund's sector allocation, a result of bottom-up stock selection, and
weak stock selection within several sectors. An overweight (i.e. the Fund's
sector position was greater than the benchmark position) position to lagging
Information Technology stocks, coupled with an underweight (i.e. the Fund's
sector position was less than the benchmark position) to the strong performing
Materials sector negatively impacted relative performance. Strong security
selection within the Health Care, Consumer Staples and Materials sectors was
unable to offset weaker selection within the Consumer Discretionary, Industrials
and Telecommunication Services sectors.
Detracting the most from relative performance were our holdings in Warner Music
(Media), Best Buy (Retailing), and Google (Software & Services). Shares of
record company Warner Music dipped after competitor EMI cited a profit warning
on slowing
31
- --------------------------------------------------------------------------------
sales in the North American music market. Warner Music reported weaker than
expected first quarter profits. Electronics retailer Best Buy experienced a slip
in the company's stock price after the company reported it had missed
third-quarter earnings expectations due to intense competition. Despite no
fundamental disappointments, shares of Google fell after the company announced
the launch of a new suite of products aimed to compete with Microsoft Office.
Among other detractors from performance were Motorola, and SanDisk. Motorola, a
global provider of wireless communications and broadband products, slightly
missed quarterly earnings. A strong new product lineup, including the new low
cost MotoFone for emerging markets, will provide continued earnings growth.
Manufacturer of flash memory SanDisk declined on short term concerns of
oversupply in NAND flash memory and subsequent pricing pressures. We feel these
fears have been overblown by the market and demand for end products remains
strong despite the slowing global economic environment.
The leading contributors to performance in relative and absolute (i.e. total
return) terms were Schering-Plough (Pharmaceuticals), Nintendo (Software &
Services), and Deutsche Boerse (Diversified Financials). Pharmaceutical company
Schering-Plough rose on strong results and investor enthusiasm for the announced
acquisition of Organon Biosciences. The stock continues to benefit from strong
sales of Zetia, the company's anti-cholesterol drug. Video game console and
software maker Nintendo successfully launched extremely popular Wii game
consoles over the holiday season. The company is also experiencing solid
earnings growth from robust sales of its touch-screen DS portable game player.
Shares of Deutsche Boerse, operator of the Frankfurt Exchange and the electronic
trading exchange Xetra, increased on expectations of continued robust trading
volumes and the likelihood of continued merger and acquisition activity within
global exchanges.
WHAT IS THE OUTLOOK?
As a result of our bottom up investment process, the Fund was most overweight
Information Technology, Telecommunication Services, and Financials stocks at the
end of the period. Within Information Technology we trimmed
semiconductor-related names during the period on weakening fundamentals. Our
holdings in the sector remain focused on software and services and technology
hardware companies. Conversely, the Fund was most underweight in the Consumer
Discretionary, Materials and Consumer Staples sectors. We trimmed exposure to
Consumer Discretionary, as a diminished outlook for US consumption is lowering
growth prospects for many retailers. We mainly hold non-traditional retailers,
media, and gaming companies.
DIVERSIFICATION BY COUNTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
COUNTRY NET ASSETS
- -------------------------------------------------------------------
Austria 1.3%
- -------------------------------------------------------------------
Brazil 1.4
- -------------------------------------------------------------------
Canada 3.9
- -------------------------------------------------------------------
China 0.5
- -------------------------------------------------------------------
Dutch Antilles 2.2
- -------------------------------------------------------------------
France 4.7
- -------------------------------------------------------------------
Germany 4.6
- -------------------------------------------------------------------
Greece 0.7
- -------------------------------------------------------------------
Ireland 2.5
- -------------------------------------------------------------------
Japan 10.2
- -------------------------------------------------------------------
Luxembourg 0.3
- -------------------------------------------------------------------
Mexico 1.1
- -------------------------------------------------------------------
Netherlands 2.9
- -------------------------------------------------------------------
Russia 1.0
- -------------------------------------------------------------------
South Korea 1.2
- -------------------------------------------------------------------
Spain 1.0
- -------------------------------------------------------------------
Switzerland 3.7
- -------------------------------------------------------------------
Taiwan 0.9
- -------------------------------------------------------------------
United Kingdom 9.7
- -------------------------------------------------------------------
United States 46.3
- -------------------------------------------------------------------
Short Term Investments 7.2
- -------------------------------------------------------------------
Other Assets & Liabilities -7.3
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 3.9%
- -------------------------------------------------------------------
Capital Goods 4.0
- -------------------------------------------------------------------
Consumer Cyclical 10.2
- -------------------------------------------------------------------
Consumer Staples 6.3
- -------------------------------------------------------------------
Energy 5.1
- -------------------------------------------------------------------
Finance 14.9
- -------------------------------------------------------------------
Health Care 15.6
- -------------------------------------------------------------------
Services 5.2
- -------------------------------------------------------------------
Technology 30.4
- -------------------------------------------------------------------
Transportation 2.2
- -------------------------------------------------------------------
Utilities 2.3
- -------------------------------------------------------------------
Short Term Investments 7.2
- -------------------------------------------------------------------
Other Assets & Liabilities -7.3
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
32
The Hartford Global Technology Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM CAPITAL APPRECIATION.
PERFORMANCE OVERVIEW(2) 5/1/00 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
GOLDMAN SACHS TECHNOLOGY
GLOBAL TECHNOLOGY FUND COMPOSITE INDEX S&P 500 INDEX
---------------------- ------------------------ -------------
5/1/00 9450 10000 10000
8512 8898 9795
9812 9992 10036
9181 9527 9879
10426 10766 10493
8930 9022 9939
8103 8341 9897
6146 6431 9117
5930 5880 9162
6868 6845 9487
5367 4947 8622
4626 4260 8076
4/01 5480 5073 8703
5217 4871 8762
5301 4884 8549
4954 4536 8464
4194 3946 7935
3265 3148 7294
3763 3653 7434
4429 4276 8004
4588 4200 8074
4541 4196 7956
3978 3635 7803
4279 3894 8096
4/02 3763 3417 7605
3547 3277 7550
3181 2814 7012
2862 2529 6466
2824 2497 6508
2308 2051 5801
2796 2499 6311
3284 2936 6682
2824 2509 6290
2871 2487 6126
2862 2525 6034
2852 2496 6092
4/03 3162 2756 6594
3509 3064 6941
3547 3056 7029
3744 3232 7153
3988 3455 7293
3941 3405 7215
4391 3737 7623
4476 3809 7690
4523 3868 8093
4701 4050 8242
4645 3935 8356
4513 3827 8230
4/04 4204 3604 8101
4485 3804 8212
4579 3897 8372
4063 3528 8095
3791 3352 8127
3960 3468 8215
4147 3652 8341
4401 3858 8678
4532 3981 8973
4269 3718 8755
4269 3725 8939
4082 3635 8781
4/05 4016 3449 8614
4382 3763 8888
4372 3690 8901
4654 3938 9232
4682 3908 9147
4720 3948 9222
4663 3878 9068
4992 4137 9410
5010 4062 9414
5433 4213 9663
5254 4148 9689
5367 4241 9810
4/06 5433 4213 9941
5038 3904 9655
4907 3850 9668
4719 3685 9728
5029 3974 9959
5189 4133 10215
5320 4298 10548
5526 4454 10748
5507 4426 10899
5536 4498 11066
5479 4406 10851
5507 4426 10972
4/07 5733 4648 11458
</Table>
<Table>
--- GLOBAL TECHNOLOGY FUND --- GOLDMAN SACHS TECHNOLOGY COMPOSITE INDEX
$9,450 starting value $10,000 starting value
$5,733 ending value $4,648 ending value
-- S&P 500 INDEX
$10,000 starting value
$11,458 ending value
</Table>
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
GOLDMAN SACHS TECHNOLOGY COMPOSITE INDEX is an unmanaged index designed to
measure performance of companies in the technology sector. Issues in the index
include producers of sophisticated devices, services and software related to the
fields of computers, electronics, networking and Internet services.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR 5 YEAR INCEPTION
- -----------------------------------------------------------------
Global Tech A# 5/1/2000 5.53% 8.78% -6.89%
- -----------------------------------------------------------------
Global Tech A## 5/1/2000 -0.28% 7.56% -7.64%
- -----------------------------------------------------------------
Global Tech B# 5/1/2000 4.69% 7.98% -7.58%
- -----------------------------------------------------------------
Global Tech B## 5/1/2000 -0.31% 7.69% -7.58%
- -----------------------------------------------------------------
Global Tech C# 5/1/2000 4.33% 7.91% -7.63%
- -----------------------------------------------------------------
Global Tech C## 5/1/2000 3.33% 7.91% -7.63%
- -----------------------------------------------------------------
Global Tech Y# 5/1/2000 5.72% 9.16% -6.53%
- -----------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B, C and Y shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGEMENT TEAM
SCOTT E. SIMPSON
Senior Vice President, Partner,
Global Industry Analyst
JOHN F. AVERILL, CFA
Senior Vice President, Partner, Global Industry Analyst
ERIC C. STROMQUIST
Senior Vice President, Partner, Global Industry Analyst
BRUCE L. GLAZER
Senior Vice President, Partner, Global Industry Analyst
ANITA M. KILLIAN, CFA
Vice President, Global Industry Analyst
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of the Hartford Global Technology Fund returned 7.76%, before
sales charge, for the six-month period ended April 30, 2007, underperforming its
benchmark, the Goldman Sachs Technology Composite Index, which returned 8.14%
for the same period. The Fund also underperformed the 8.10% return of the
average fund in the Lipper Science and Technology Funds peer group, a group of
funds with investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Technology stocks performed well during the six-month period ended April 30,
2007, but lagged the broader market, as measured by the MSCI World Index, which
was up 12.13% for the period.
During the period, the Fund benefited from strong security selection within the
Software and Communications Equipment industries. However, this was offset by
weaker stock selection in the Internet Software & Services and Semiconductors &
Semiconductor Equipment industries. SOITEC and Cisco were among the top
detractors from relative (i.e. performance of the Fund as measured against the
benchmark) and absolute (i.e. total return) performance during the period.
SOITEC, whose technology boosts the performance and power efficiency of
semiconductors, was impacted by disappointing results at its customer Advanced
Micro Devices (AMD) as well as concerns that weak Playstation 3 console sales at
its other key customer, Sony, could hurt revenues. Cisco's shares fell as data
points from competitors and spending intention surveys suggesting slowing
enterprise IT outlays overshadowed a strong quarterly report and upbeat forward
33
- --------------------------------------------------------------------------------
guidance. The Fund's benchmark relative performance was also hurt by underweight
(i.e. the Fund's sector position was less than the benchmark position) positions
in Qualcomm and Amazon. We did not purchase Qualcomm until the end of the
period, and therefore did not realize all of the stock's gains during the
period. Similarly, the Fund did not own Amazon, which was up sharply, detracting
from relative returns. Qualcomm, SOITEC and Cisco were all held at the end of
the period.
Redback Networks, Sonus Networks, DST Systems and EMC were among the top
contributors to relative and absolute performance during the period. Shares in
Redback Networks, a manufacturer of advanced telecommunications networking
equipment, increased after the company announced it would be acquired by Swedish
telecommunications equipment maker Ericsson. VoIP equipment maker Sonus
Network's shares rose after an independent market research firm indicated the
firm held market leading positions in several key industry segments. DST Systems
benefited from back-to-back solid quarters during the period. Despite concerns
of seasonal softness in enterprise spending, data-storage systems and software
company EMC saw shares increase after reporting strong quarterly results. Sonus
Networks, DST Systems and EMC were all held at the end of the period.
WHAT IS THE OUTLOOK?
The US enterprise spending environment is expected to be slow, but beyond the
near-term seasonality we continue to find positive upside in the sector.
Spending outside of the US is steady and the consumer side of the equation is
well supported by the strength of most emerging economies.
We continue to invest selectively in the semiconductor industry. While unit
sales continue to decelerate from prior years, the inventory excesses have
mostly dissipated and fundamentals look better. We continue to focus on high
quality, high margin and free cash flow generating businesses. We believe the
wireless phone industry remains healthy with good sales growth albeit at lower
prices. The worldwide penetration of 3G cell phones is a fast growing trend
which has been good for communication equipment companies that can capture both
royalty and chip revenue growth. The LCD TV penetration continues and glass
panel prices seem to have stabilized. Therefore, we expect margins to be up in
2007 as cost reductions continue in this benign pricing environment. In the
software and internet segments, we remain enthusiastic about the growth of
online advertising.
At the end of the period the Portfolio had a large overweight (i.e. the Fund's
sector position was greater than the benchmark position) position in Commercial
Services & Supplies and significant underweight position in Software.
DIVERSIFICATION BY COUNTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
COUNTRY NET ASSETS
- -------------------------------------------------------------------
Canada 4.4%
- -------------------------------------------------------------------
France 1.2
- -------------------------------------------------------------------
Hong Kong 0.0
- -------------------------------------------------------------------
Japan 1.4
- -------------------------------------------------------------------
Luxembourg 0.9
- -------------------------------------------------------------------
Netherlands 1.6
- -------------------------------------------------------------------
South Korea 2.4
- -------------------------------------------------------------------
Taiwan 3.8
- -------------------------------------------------------------------
United States 83.3
- -------------------------------------------------------------------
Short-Term Investments 4.6
- -------------------------------------------------------------------
Other Assets & Liabilities -3.6
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Activities Related to Credit Banking 1.9%
- -------------------------------------------------------------------
Audio and Video Equipment Manufacturing 1.4
- -------------------------------------------------------------------
Business Support Services 1.1
- -------------------------------------------------------------------
Communications Equipment Manufacturing 10.2
- -------------------------------------------------------------------
Computer and Peripheral Manufacturing 24.7
- -------------------------------------------------------------------
Electrical Equip Manufacturing -- Component Other 3.4
- -------------------------------------------------------------------
Employment Services 3.3
- -------------------------------------------------------------------
Machinery Manufacturing -- Industrial Machinery 6.4
- -------------------------------------------------------------------
Management, Scientific, and Tech Consulting Services 3.7
- -------------------------------------------------------------------
On Line Information Services 6.4
- -------------------------------------------------------------------
Other Services -- Other Personal Services 0.9
- -------------------------------------------------------------------
Professional Services -- Accounting, Tax Prep,
Payroll 1.1
- -------------------------------------------------------------------
Professional Services -- Computer System Design &
Related 5.7
- -------------------------------------------------------------------
Semiconductor, Electronic Component Manufacturing 11.7
- -------------------------------------------------------------------
Software Publishers 13.4
- -------------------------------------------------------------------
Wholesalers -- Electrical & Electronic Merchandise 2.4
- -------------------------------------------------------------------
Wireless Communications Services 1.3
- -------------------------------------------------------------------
Short-Term Investments 4.6
- -------------------------------------------------------------------
Other Assets & Liabilities -3.6
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
34
The Hartford Growth Allocation Fund
(advised by Hartford Investment Financial Services, LLC)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM CAPITAL APPRECIATION.
PERFORMANCE OVERVIEW(3) 5/28/04 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS U.S.
GROWTH ALLOCATION FUND S&P 500 INDEX AGGREGATE BOND INDEX
---------------------- ------------- --------------------
5/28/04 9450 10000 10000
9450 10000 10000
9611 10194 10057
9337 9857 10156
8/04 9346 9897 10350
9601 10004 10378
9790 10157 10465
10178 10567 10382
12/04 10493 10927 10477
10237 10661 10543
10408 10885 10481
10199 10692 10427
4/05 10019 10490 10568
10313 10823 10682
10474 10838 10741
10787 11241 10643
8/05 10844 11139 10779
10939 11229 10668
10683 11042 10584
11071 11459 10631
12/05 11258 11463 10732
11737 11766 10732
11670 11798 10768
11833 11945 10662
4/06 12015 12105 10643
11584 11757 10631
11545 11773 10654
11430 11846 10798
8/06 11660 12127 10963
11804 12439 11060
12140 12844 11133
12457 13088 11262
12/06 12611 13272 11197
12771 13476 11192
12651 13213 11365
12850 13360 11365
4/07 13210 13952 11426
</Table>
<Table>
--- GROWTH ALLOCATION FUND -- LEHMAN BROTHERS U.S. AGGREGATE --- S&P 500 INDEX
$9,450 starting value BOND INDEX $10,000 starting value
$13,210 ending value $10,000 starting value $13,952 ending value
$11,426 ending value
</Table>
LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX is an unmanaged index and is composed
of securities from the Lehman Brothers Government/Credit Bond Index,
Mortgage-Backed Securities Index, Asset-Backed Index and Commercial
Mortgage-Backed Securities Index.
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- -----------------------------------------------------------
Growth Allocation A# 5/28/2004 9.95% 12.14%
- -----------------------------------------------------------
Growth Allocation A## 5/28/2004 3.90% 9.99%
- -----------------------------------------------------------
Growth Allocation B# 5/28/2004 9.21% 11.44%
- -----------------------------------------------------------
Growth Allocation B## 5/28/2004 4.21% 10.60%
- -----------------------------------------------------------
Growth Allocation C# 5/28/2004 9.26% 11.42%
- -----------------------------------------------------------
Growth Allocation C## 5/28/2004 8.26% 11.42%
- -----------------------------------------------------------
Growth Allocation I# 5/28/2004 10.19% 12.23%
- -----------------------------------------------------------
Growth Allocation R3# 5/28/2004 9.78% 12.08%
- -----------------------------------------------------------
Growth Allocation R4# 5/28/2004 9.95% 12.14%
- -----------------------------------------------------------
Growth Allocation R5# 5/28/2004 10.03% 12.17%
- -----------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class I shares commenced operations on 8/31/06. Performance
prior to 8/31/06 reflects Class A performance. Class R3, R4
and R5 shares commenced operations on 12/22/06. Performance
prior to 12/22/06 reflects Class A performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, R3, R4
and R5 shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGERS
HUGH WHELAN
Senior Vice President
EDWARD C. CAPUTO
Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Growth Allocation Fund returned 8.82%, before
sales charge, for the six months ended April 30, 2007, versus 7.66% for the
Lipper Mixed-Asset Target Allocation Growth Funds category, a group of funds
with investment strategies similar to those of the Fund, 2.64% for the Lehman
Brothers U.S. Aggregate Bond Index, and 8.60% for the S&P 500 Index.
WHY DID THE FUND PERFORM THIS WAY?
The Fund's structure allows for investment across all market capitalizations and
styles, both within the U.S. and internationally. This diversification is
designed to enhance the long-term return and risk characteristics of the Fund.
Generally, the Fund's target asset allocation is set at approximately 80% equity
and 20% fixed-income. The Fund's equity allocation is structured around five
equity indexes. For the six month period, the MSCI EAFE Index (international
equities) was up 15.68%; the Russell MidCap Index (U.S. mid cap equities) was up
12.24%; the Russell 1000 Value Index (U.S. large cap equities) was up 9.79%; the
Russell 1000 Growth Index (U.S. large cap equities) was up 8.42%; and the
Russell 2000 Index (U.S. small cap equities) was up 6.86%. The Fund benefited
from its international and mid cap equity exposure, as well as its large cap
value bias.
On the fixed income side, the yield curve steepened during the period, with the
yield on the five year Treasury note decreasing five basis points to 4.51% and
the yield on the 10-year Treasury note increasing two basis points to 4.62%.
Within the major sectors of the Lehman Brothers U.S. Aggregate Bond Index,
mortgage backed securities were the top performers, while U.S. Treasuries were
the worst. The fixed income allocation is structured around three fixed income
indices. For the six month period, the best performer was the Lehman Brothers
U.S. Aggregate Bond Index (up 2.64%), Lehman Brothers 1-3 Year Government Index
(up 2.34%), and Lehman U.S. TIPS (Treasury Inflation Protected Securities) Index
(up 2.07%). Consequently, the Fund's out of benchmark positions detracted from
performances. The Fund's duration is targeted to be less than the Lehman
Brothers U.S. Aggregate Bond Index based on risk preferences of the Fund. For
the period, this shorter duration positioning detracted from overall
performance.
Besides the asset allocation decision, the Fund's performance is also influenced
by the performance of the underlying active fund mangers. In keeping with the
Fund's long-term approach, we
35
- --------------------------------------------------------------------------------
typically use cash flows to reallocate among the underlying funds. However, a
hard rebalance (i.e. a fund rebalancing to move the underlying fund investments
to their target allocation percentages) was performed in November to align the
actual allocations with our targets.
WHAT IS THE OUTLOOK?
Economic data continues to suggest weaker growth ahead, a trend that began in
the first quarter of the year. Additionally, the Federal Reserve concluded at
its March meeting that business executives are pessimistic about sales growth,
which poses a downside risk to the economy. Other risks going forward include
the potential effects of the ongoing troubles within the housing sector as well
as persistently high energy and food costs, which could sap consumer spending.
Although business activity has been sluggish, strong consumption supports
growth. And while recent CPI data suggests some moderation in core inflation,
inflationary pressures remain elevated. Unless these pressures ease, we believe
it is unlikely that the Federal Reserve will cut rates in the foreseeable
future, as many are anticipating. While we do not feel that the economy is
headed for a recession, our outlook for growth and interest rates is biased to
the lower side. We will continue to seek outperformance by focusing on our
disciplined long-term approach of asset allocation.
COMPOSITION BY UNDERLYING FUND
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
FUND NAME NET ASSETS
- -------------------------------------------------------------------
Hartford Capital Appreciation Fund, Class Y 23.6%
- -------------------------------------------------------------------
Hartford Disciplined Equity Fund, Class Y 3.7
- -------------------------------------------------------------------
Hartford Equity Income Fund, Class Y 5.6
- -------------------------------------------------------------------
Hartford Global Leaders Fund, Class Y 6.3
- -------------------------------------------------------------------
Hartford Growth Opportunities Fund, Class Y 3.9
- -------------------------------------------------------------------
Hartford Inflation Plus Fund, Class Y 2.9
- -------------------------------------------------------------------
Hartford International Opportunities Fund, Class Y 5.0
- -------------------------------------------------------------------
Hartford International Small Company Fund, Class Y 5.1
- -------------------------------------------------------------------
Hartford Select Small Cap Value Fund, Class Y 5.5
- -------------------------------------------------------------------
Hartford Short Duration Fund, Class Y 6.4
- -------------------------------------------------------------------
Hartford Small Company Fund, Class Y 4.2
- -------------------------------------------------------------------
Hartford Total Return Bond Fund, Class Y 10.8
- -------------------------------------------------------------------
Hartford Value Fund, Class Y 16.8
- -------------------------------------------------------------------
Other Assets and Liabilities 0.2
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
36
The Hartford Growth Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM CAPITAL APPRECIATION.
PERFORMANCE OVERVIEW(1,3) 4/30/97 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
GROWTH FUND RUSSELL 1000 GROWTH INDEX
----------- -------------------------
4/30/97 9450 10000
10345 10722
10746 11151
11724 12137
11405 11427
11938 11989
11571 11546
11493 12036
11661 12171
11801 12535
12645 13478
13344 14015
4/98 13391 14209
13173 13806
13940 14651
13701 14554
11584 12370
12391 13320
13009 14391
13766 15486
15117 16882
15838 17873
15250 17057
16034 17955
4/99 16272 17978
15936 17425
16664 18646
16391 18053
15971 18348
15684 17963
16762 19320
17595 20362
20358 22480
19692 21426
21771 22473
21638 24082
4/00 19772 22936
19167 21781
19887 23431
19576 22455
21194 24488
20909 22171
20074 21122
18204 18009
19351 17439
18467 18644
17604 15478
16457 13794
4/01 18393 15539
18446 15310
17878 14955
17331 14582
15879 13389
14479 12052
14974 12685
16367 13903
16525 13877
16031 13632
15578 13066
16052 13518
4/02 14768 12415
14462 12115
13147 10994
12273 10390
12431 10421
11441 9340
12526 10196
13241 10750
12431 10008
12157 9765
11947 9720
12347 9901
4/03 13389 10633
14041 11164
14368 11317
14599 11599
14904 11888
14862 11760
15989 12421
16199 12551
16483 12985
17020 13250
17209 13334
17136 13087
4/04 16915 12935
17620 13176
17988 13341
16620 12586
16220 12524
16915 12643
17041 12840
17652 13282
18420 13803
17631 13343
17420 13485
17010 13239
4/05 16904 12987
17904 13615
18094 13565
18452 14228
18315 14045
18599 14109
18230 13972
19051 14575
19178 14529
19820 14785
19378 14761
19599 14979
4/06 20083 14959
18672 14452
18609 14395
18062 14120
18567 14561
19009 14961
19420 15487
19977 15794
19989 15848
20124 16255
19547 15950
19751 16036
4/07 20645 16791
</Table>
<Table>
--- GROWTH FUND --- RUSSELL 1000 GROWTH INDEX
$9,450 starting value $10,000 starting value
$20,645 ending value $16,791 ending value
</Table>
RUSSELL 1000 GROWTH INDEX is an unmanaged index that measures the performance of
those Russell 1000 Index companies with higher price-to-book ratios and higher
forecasted growth values.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION 1 5 10 SINCE
DATE YEAR YEAR YEAR INCEPTION
- ----------------------------------------------------------------
Growth A# 6/8/1949 2.80% 6.93% 8.12% 11.01%
- ----------------------------------------------------------------
Growth A## 6/8/1949 -2.85% 5.72% 7.51% 10.90%
- ----------------------------------------------------------------
Growth B# 11/14/1994 1.94% 6.13% NA* NA*
- ----------------------------------------------------------------
Growth B## 11/14/1994 -2.74% 5.81% NA* NA*
- ----------------------------------------------------------------
Growth C# 11/14/1994 2.07% 6.21% 7.35% 8.51%
- ----------------------------------------------------------------
Growth C## 11/14/1994 1.13% 6.21% 7.35% 8.51%
- ----------------------------------------------------------------
Growth I# 2/19/2002 3.02% 6.97% NA 5.93%
- ----------------------------------------------------------------
Growth L# 6/8/1949 3.09% 7.23% 8.28% 11.04%
- ----------------------------------------------------------------
Growth L## 6/8/1949 -1.81% 6.19% 7.75% 10.94%
- ----------------------------------------------------------------
Growth R3# 2/19/2002 3.05% 7.41% NA 5.88%
- ----------------------------------------------------------------
Growth R4# 2/19/2002 3.16% 7.43% NA 5.90%
- ----------------------------------------------------------------
Growth R5# 2/19/2002 3.27% 7.45% NA 5.92%
- ----------------------------------------------------------------
Growth Y# 2/19/2002 3.32% 7.46% NA 5.93%
- ----------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* 10 year and inception returns are not applicable for Class B
because after 8 years Class B converts to Class A.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Classes A, B and C were offered beginning on February 19,
2002. Performance prior to that date is that of the fund's
Classes L, M and N shares, respectively, which have lower
operating expenses. Performance prior to February 19, 2002
would have been lower if Classes A, B and C shares expenses
were applied during that period. Class I shares commenced
operations on 8/31/06. Performance prior to 8/31/06 reflects
Class A performance. (Classes M and N are no longer
offered.) Class R3, R4 and R5 shares commenced operations on
12/22/06. Performance prior to 12/22/06 reflects Class Y
performance.
(2) The initial investment in Classes A and L shares reflects
the maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, L, R3,
R4, R5 and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGEMENT
ANDREW J. SHILLING
Senior Vice President, Partner
JOHN A. BOSELLI, CFA
Senior Vice President, Partner
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Growth Fund returned 6.31%, before sales
charge, for the six-month period ended April 30, 2007, underperforming its
benchmark, the Russell 1000 Growth Index, which returned 8.42% for the same
period. The Fund also underperformed the 7.38% return of the average fund in the
Large-Cap Growth Funds peer group, a group of funds with investment strategies
similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Equity markets rose strongly during the six month period. Value stocks continued
to lead growth as the Russell 1000 Growth Index's 8.42% return lagged the 9.79%
return of the Russell 1000 Value Index. Small cap stocks, as measured by the
Russell 2000 (+6.9%) trailed the broader market, but Midcaps shined during the
period, rising 12.2% as measured by the Russell Midcap Index. International
stocks posted the best results, gaining 15.7% in US dollar terms. Within the
Russell 1000 Growth Index every sector posted a positive return, led by
Materials (+19%), Utilities (+15%), and Energy (+15%). The Consumer Staples
(+6%), Consumer Discretionary (+6%), and Information Technology (+7%) sectors
lagged.
Poor security selection was the main source of underperformance for the period,
led by weakness in Technology, Financials, and Consumer Staples. The top three
relative (i.e. performance of the Fund as measured against the benchmark)
detractors were Nasdaq Stock Market, TXU, and AstraZeneca. Our position in
Nasdaq fell as a result of the company's failed London Stock Exchange deal and
renewed competitive pressure from BATS Trading Inc.'s alternative trading
platform. We believe Nasdaq's fundamentals remain strong and we maintain our
position. Texas utility TXU saw its shares decline amid concerns about its
earnings power over the next few years. Lower gas prices and environmental
opposition to new coal plant development weighed on the stock, and we exited our
position. Shares in pharmaceutical firm AstraZeneca fell after the failure of
its late stage experimental stroke drug NXY-59;
37
- --------------------------------------------------------------------------------
we eliminated our position during the period. Other absolute (i.e. total return)
and relative detractors included communications company Motorola, organic grocer
Whole Foods Market, and flash memory company SanDisk. An underweight (i.e. the
Fund's sector position was less than the benchmark position) position in the
high-performing Utilities sector also hampered relative performance.
Strong stock selection within the Materials and Health Care sectors contributed
positively the Fund's returns. Top relative contributors included pharmaceutical
company Schering-Plough, uranium mining company Cameco, and materials company
Cia Vale do Rio Doce (CVRD). The Fund also benefited from not holding a position
in health care concern Johnson & Johnson, which fell during the period. Shares
in Schering-Plough rose on strong results and investor enthusiasm for the
announced acquisition of Organon Biosciences. We expect the deal to be accretive
with marketing and sales synergies, an attractive combined hospital franchise,
and a #1 share in animal health. Cameco shares gained ground on strong
fundamentals and continued short supplies of uranium. Brazilian mining company
CVRD's shares rose as strong markets for iron ore and nickel supported higher
earnings and guidance, while results from recently acquired nickel miner Inco
are exceeding expectations. We anticipate better-than-expected volume growth and
cost cutting initiatives to benefit the stock's valuation. Other top absolute
and relative contributors included aerospace and defense giant Boeing and
engineering company Fluor.
WHAT IS THE OUTLOOK?
Our investment approach is very much a "bottom-up" process: we pick one stock at
a time based upon the attractiveness of each company's valuation and
fundamentals. As a result of this bottom up stock picking, we were most
overweight (i.e. the Fund's sector position was greater than the benchmark
position) Industrials and Technology at the end of the period. Significant
Technology holdings included networking giant Cisco, enterprise software company
Oracle, and internet search leader Google. We added to our position in Oracle
during the period as the company is launching a new middleware product we expect
will drive revenues going forward. We also initiated a position in Research In
Motion, the maker of the ubiquitous BlackBerry, based on the expectation that it
will continue to take market share. We also remain overweight the Industrials
sector, largely due to positions in capital goods companies such as General
Dynamics, Danaher, Fluor, and Boeing. We remain underweight consumer stocks,
although we increased our exposure to Consumer Discretionary stocks through
purchases of office retailer Staples, apparel firm Nike and Chinese advertising
company Focus Media.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 6.4%
- -------------------------------------------------------------------
Capital Goods 5.9
- -------------------------------------------------------------------
Consumer Cyclical 4.5
- -------------------------------------------------------------------
Consumer Staples 2.4
- -------------------------------------------------------------------
Energy 1.0
- -------------------------------------------------------------------
Finance 12.3
- -------------------------------------------------------------------
Health Care 11.7
- -------------------------------------------------------------------
Services 15.8
- -------------------------------------------------------------------
Technology 37.0
- -------------------------------------------------------------------
Transportation 2.7
- -------------------------------------------------------------------
Short-Term Investments 3.0
- -------------------------------------------------------------------
Other Assets & Liabilities -2.7
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
38
The Hartford Growth Opportunities Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS CAPITAL APPRECIATION.
PERFORMANCE OVERVIEW(1,3) 4/30/97 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
GROWTH OPPORTUNITIES FUND RUSSELL 3000 GROWTH INDEX
------------------------- -------------------------
4/30/97 9450 10000
10500 10785
10934 11211
12041 12163
11663 11551
12281 12155
11741 11677
11644 12093
11538 12215
11362 12530
12374 13487
13005 14027
4/98 13085 14211
12770 13750
13453 14529
12777 14333
10428 12087
11243 13038
11772 14057
12217 15128
13727 16493
14153 17444
13058 16589
13746 17442
4/99 13755 17570
13390 17072
14367 18245
14338 17666
14589 17886
14656 17559
15713 18823
17538 19904
21094 22072
20813 21096
26930 22414
24421 23682
4/00 22339 22463
20971 21275
24158 22963
23398 21935
26579 23943
26602 21750
24292 20669
19624 17575
21826 17124
21440 18321
18678 15253
16604 13613
4/01 18171 15331
18012 15148
17974 14856
17550 14422
16362 13261
13834 11882
14538 12538
15998 13732
16564 13763
16388 13503
15402 12922
16213 13413
4/02 15410 12374
15211 12043
13505 10935
12182 10260
11892 10288
10943 9241
11708 10064
12771 10639
11853 9904
11693 9661
11532 9603
11853 9780
4/03 12932 10516
13934 11083
14339 11239
14477 11558
15127 11870
14928 11730
16251 12415
16794 12566
17023 12971
17543 13267
17796 13343
17926 13120
4/04 17390 12927
18056 13170
18583 13355
17008 12563
16778 12484
17681 12648
17964 12854
18813 13350
19769 13870
19073 13393
18904 13539
18553 13270
4/05 18071 12967
19233 13617
19975 13608
21137 14298
21229 14113
21703 14182
21290 14010
22216 14630
22857 14587
24347 14943
24001 14914
24445 15181
4/06 24856 15158
23466 14591
23161 14539
22470 14221
22997 14662
23424 15040
24132 15605
25240 15920
25470 15966
26037 16367
25559 16080
26019 16173
4/07 27552 16906
</Table>
<Table>
--- GROWTH OPPORTUNITIES FUND --- RUSSELL 3000 GROWTH INDEX
$9,450 starting value $10,000 starting value
$27,552 ending value $16,906 ending value
</Table>
RUSSELL 3000 GROWTH INDEX is an unmanaged index that measures the performance of
those Russell 3000 Index companies with higher price-to-book ratios and higher
forecasted growth values.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION 1 5 10 SINCE
DATE YEAR YEAR YEAR INCEPTION
- ----------------------------------------------------------------------
Growth Opp A# 3/31/1963 10.85% 12.32% 11.29% 13.09%
- ----------------------------------------------------------------------
Growth Opp A## 3/31/1963 4.75% 11.05% 10.66% 12.94%
- ----------------------------------------------------------------------
Growth Opp B# 11/14/1994 9.91% 11.50% NA* NA*
- ----------------------------------------------------------------------
Growth Opp B## 11/14/1994 4.91% 11.25% NA* NA*
- ----------------------------------------------------------------------
Growth Opp C# 11/14/1994 9.95% 11.51% 10.48% 10.93%
- ----------------------------------------------------------------------
Growth Opp C## 11/14/1994 8.95% 11.51% 10.48% 10.93%
- ----------------------------------------------------------------------
Growth Opp I# 2/19/2002 11.06% 12.36% NA 12.26%
- ----------------------------------------------------------------------
Growth Opp L# 3/31/1963 11.04% 12.62% 11.44% 13.12%
- ----------------------------------------------------------------------
Growth Opp L## 3/31/1963 5.76% 11.53% 10.90% 13.00%
- ----------------------------------------------------------------------
Growth Opp R3# 2/19/2002 10.99% 12.79% NA 12.12%
- ----------------------------------------------------------------------
Growth Opp R4# 2/19/2002 11.10% 12.81% NA 12.14%
- ----------------------------------------------------------------------
Growth Opp R5# 2/19/2002 11.24% 12.84% NA 12.16%
- ----------------------------------------------------------------------
Growth Opp Y# 2/19/2002 11.27% 12.85% NA 12.17%
- ----------------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* 10 year and inception returns are not applicable for Class B
because after 8 years Class B converts to Class A.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Classes A, B and C were offered beginning on February 19,
2002. Performance prior to that date is that of the fund's
Classes L, M and N shares, respectively, which have lower
operating expenses. Performance prior to February 19, 2002
would have been lower if Classes A, B and C shares expenses
were applied during that period. Class I shares commenced
operations on 8/31/06. Performance prior to 8/31/06 reflects
Class A performance. (Classes M and N are no longer
offered.) Class R3, R4 and R5 shares commenced operations on
12/22/06. Performance prior to 12/22/06 reflects Class Y
performance.
(2) The initial investment in Classes A and L shares reflects
the maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, L, R3,
R4, R5 and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGER
MICHAEL T. CARMEN, CFA, CPA
Senior Vice President, Partner
MARIO E. ABULARACH, CFA
Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
Class A shares of The Hartford Growth Opportunities Fund returned 14.17%, before
sales charge, for the six-month period ended April 30, 2007, outperforming the
benchmark, the Russell 3000 Growth Index, which returned 8.34% for the same
period. The Fund also outperformed the 9.09% return of the average fund in the
Lipper Multi-Cap Growth Funds peer group, a group of funds with investment
strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
U.S. equity markets rose in the period as solid corporate earnings and continued
merger & acquisition activity offset concerns of a weakening housing and credit
environment. Within the Russell 3000 Growth Index, all ten sectors posted
positive returns for the period, led by Materials (+19%), Utilities (+15%), and
Energy (+14%). The laggards in this environment were Consumer Staples (+6%) and
Consumer Discretionary (+6%).
The Fund outperformed by maintaining its focus on stock selection. Selection was
particularly strong in the Materials, Information Technology and Consumer
Discretionary sectors. Sector weightings, the result of bottom-up stock
selection decisions, were also additive to relative (i.e. performance of the
Fund as measured against the benchmark) performance. Schering Plough (Health
Care), Potash (Materials) and Cia Vale do Rio Doce (CVRD) (Materials) were top
contributors to relative and absolute (i.e. total return) performance during the
period. Schering Plough shares rose on news the company would buy Organon
BioSciences from Holland's Akzo Nobel, expanding its line-up of central nervous
system and women's health care products. In addition, Schering Plough continued
to benefit from strong sales of Zetia, the company's anti-cholesterol drug.
Canadian agricultural products firm Potash reported record earnings, as
increasing end-market demand resulted in tight global capacity utilization rates
at potash producers. Limited industry expansion plans provide a favorable
outlook for near-term fundamentals. Brazilian mining company CVRD's shares rose
as strong markets for iron ore and nickel supported higher earnings and
guidance. Results from recently acquired Inco also exceeded expectations. We
held all three stocks at the end of the period.
39
- --------------------------------------------------------------------------------
Stock selection within the Financials and Energy sectors detracted from relative
performance. In terms of individual names, Children's Place Retail Stores
(Consumer Discretionary), Nasdaq Stock Market (Financials) and MoneyGram
International (Information Technology) were among the top detractors from
relative performance during the period. Children's Place shares were volatile as
an investigation into the company's stock option practices may force the company
to re-state historical earnings. We eliminated the stock during the period.
Nasdaq Stock Market shares declined as a result of renewed competitive pressure
from BATS Trading Inc.'s alternative trading platform, in addition to noise
around the failed London Stock Exchange deal. Global payment services company
MoneyGram International's stock price fell after reporting disappointing
earnings and higher expenses due to increased marketing spending. We held Nasdaq
Stock Market and MoneyGram International at the end of the period.
WHAT IS YOUR OUTLOOK?
While global economic growth appears to be on track, there clearly has been a
deceleration in the U.S. We continue to anticipate 2-3% domestic GDP growth,
with global growth north of 3% and global profit growth in the single digits.
Overall, the inflation picture is mixed, as the recovery in oil prices and
increases in grain prices augur increased pressure on inflation and interest
rates. The biggest negative in the economy is housing, which was overbuilt and
clearly is correcting. However, we consider physical statistics such as freight
volumes and airline passenger figures as more useful gauges of the overall
health of the economy, and so far these measures point toward steady but slowing
growth.
Bottom-up decisions resulted in overweights (i.e. the Fund's sector position was
greater than the benchmark position) in Materials, Health Care and Energy and
underweights (i.e. the Fund's sector position was less than the benchmark
position) in the Consumer Staples, Financials, and Information Technology
sectors at the end of the period.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 9.9%
- -------------------------------------------------------------------
Capital Goods 1.1
- -------------------------------------------------------------------
Consumer Cyclical 8.0
- -------------------------------------------------------------------
Consumer Staples 2.3
- -------------------------------------------------------------------
Energy 4.9
- -------------------------------------------------------------------
Finance 6.6
- -------------------------------------------------------------------
Health Care 20.0
- -------------------------------------------------------------------
Services 11.5
- -------------------------------------------------------------------
Technology 28.1
- -------------------------------------------------------------------
Transportation 1.4
- -------------------------------------------------------------------
Utilities 2.3
- -------------------------------------------------------------------
Short-Term Investments 18.1
- -------------------------------------------------------------------
Other Assets & Liabilities -14.2
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
40
The Hartford High Yield Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS HIGH CURRENT INCOME.
GROWTH OF CAPITAL IS A SECONDARY OBJECTIVE.
PERFORMANCE OVERVIEW(3) 9/30/98 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS HIGH YIELD
HIGH YIELD FUND CORPORATE INDEX
--------------- --------------------------
9/30/98 9550 10000
9529 9795
9856 10202
9868 10213
10016 10364
10007 10303
10137 10402
4/99 10326 10603
10123 10460
10113 10437
10102 10479
10026 10363
9986 10289
10040 10221
10168 10341
10211 10457
10120 10412
10106 10431
10011 10212
4/00 10050 10229
9914 10123
10173 10330
10279 10408
10423 10479
10359 10388
10175 10056
9922 9657
10275 9844
10958 10581
11015 10722
10765 10469
4/01 10624 10339
10689 10525
10340 10230
10498 10381
10587 10503
9962 9797
10359 10039
10688 10406
10572 10363
10465 10436
10110 10290
10216 10538
4/02 10315 10706
10210 10647
9643 9862
9195 9431
9310 9700
9078 9573
9099 9489
9663 10077
9762 10218
10008 10558
10200 10688
10380 10995
4/03 10924 11647
11106 11768
11336 12106
11058 11973
11158 12111
11504 12442
11710 12693
11862 12886
12133 13177
12268 13429
12236 13395
12273 13486
4/04 12100 13394
11868 13168
12017 13356
12169 13538
12384 13803
12555 14004
12794 14257
12856 14429
12979 14644
12918 14625
13139 14840
12695 14408
4/05 12589 14268
12822 14521
12989 14806
13157 15065
13175 15094
13029 14943
12917 14839
13005 14916
13111 15045
13251 15285
13358 15387
13448 15479
4/06 13538 15574
13529 15572
13455 15517
13576 15669
13805 15923
13944 16149
14153 16369
14367 16644
14529 16827
14745 17015
14974 17253
15009 17271
4/07 15228 17495
</Table>
<Table>
--- HIGH YIELD FUND --- LEHMAN BROTHERS HIGH YIELD CORPORATE INDEX
$9,550 starting value $10,000 starting value
$15,228 ending value $17,495 ending value
</Table>
LEHMAN BROTHERS HIGH YIELD CORPORATE INDEX is an unmanaged broad-based market
value-weighted index that tracks the total return performance of non-investment
grade, fixed-rate, publicly placed, dollar denominated and nonconvertible debt
registered with the SEC.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR 5 YEAR INCEPTION
- ------------------------------------------------------------
High Yield A# 9/30/1998 12.48% 8.10% 5.58%
- ------------------------------------------------------------
High Yield A## 9/30/1998 7.42% 7.11% 5.02%
- ------------------------------------------------------------
High Yield B# 9/30/1998 11.51% 7.28% NA*
- ------------------------------------------------------------
High Yield B## 9/30/1998 6.51% 6.98% NA*
- ------------------------------------------------------------
High Yield C# 9/30/1998 11.59% 7.38% 4.88%
- ------------------------------------------------------------
High Yield C## 9/30/1998 10.59% 7.38% 4.88%
- ------------------------------------------------------------
High Yield R3# 9/30/1998 12.86% 8.93% 6.01%
- ------------------------------------------------------------
High Yield R4# 9/30/1998 12.97% 8.95% 6.02%
- ------------------------------------------------------------
High Yield R5# 9/30/1998 13.07% 8.97% 6.03%
- ------------------------------------------------------------
High Yield Y# 9/30/1998 13.00% 8.96% 6.02%
- ------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* 10 year and inception returns are not applicable for Class B
because after 8 years Class B converts to Class A.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class R3, R4 and R5 shares commenced operations on 12/22/06.
Performance prior to 12/22/06 reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, R3, R4, R5
and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGERS
<Table>
MARK NILAND, CFA NASRI TOUTOUNGI JAMES SERHANT, CFA
Executive Vice President Managing Director Senior Vice President, Senior Investment Analyst
</Table>
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford High Yield Fund returned 7.59%, before sales
charge, for the six-month period ended April 30, 2007, versus its benchmark, the
Lehman Brothers High Yield Corporate Index, which gained 6.88%, and the 6.76%
average return of the Lipper High Yield Funds category, a group of funds with
investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Security selection, sector allocation and yield curve positioning all
contributed to the Fund's outperformance versus the Lehman Brothers High Yield
Corporate Index during the period. Security selection was the biggest
contributor, as a number of positions experienced meaningful price appreciation.
These positions included Clarke American Corp., which tendered its debt at a
significant premium, Charter Communications, Inc., which continued to improve
its operating performance, and Level 3 Communications, Inc., which made strides
in improving its liquidity and leverage profile.
In addition, an overweight (i.e. the Fund's sector position was greater than the
benchmark position) to the wireless sector benefited from strengthening industry
fundamentals while a heavy weighting in MetroPCS Communications, Inc. proved
additive as an initial public offering reduced the company's leverage. The
Fund's holdings of debt securities issued by Nortel Networks Corporation posted
strong total returns, reflecting the improvement in the company's profitability.
An underweight (i.e. the Fund's sector position was less than the benchmark
position) to the pipeline industry adversely affected total returns. In
particular, the portfolio was below benchmark weighting in El Paso Corporation
and Williams, two companies that were upgraded during the period. Although the
Fund was underweighted to the troubled building materials sector, security
selection within that sector hindered performance. In addition, the Fund's
duration (i.e. sensitivity to changes in interest rates) positioning, relative
to the benchmark, detracted slightly from overall performance.
WHAT IS THE OUTLOOK?
We remain positive on the high yield market mainly due to the persistent
strength of fundamentals. With reported earnings for first quarter 2007
exceeding expectations by a healthy margin, and forward guidance generally
increasing (though heavily weighted to the second half of the year), debt
service capabilities of most companies remain strong and default rates are
hovering near record lows. Unfortunately, risk premiums have moved toward record
41
- --------------------------------------------------------------------------------
lows as well. As a result, the income component of future returns will be
reduced, making it more difficult to continue to post the type of returns we
have been able to capture over the past six months. Nevertheless, we do see
opportunities in both the new issue and secondary markets, with robust merger
and acquisition activity having the impact of further enhancing the fundamental
tone of the market. In addition, we are finding select opportunities in the bank
loan market, which allows the Fund to invest in higher quality securities while
maintaining -- and in some cases even enhancing -- the Fund's yield.
DISTRIBUTION BY CREDIT QUALITY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
LONG-TERM
RATING HOLDINGS
- --------------------------------------------------------------------
AAA 0.2%
- --------------------------------------------------------------------
BB 19.0
- --------------------------------------------------------------------
B 53.9
- --------------------------------------------------------------------
CCC 24.1
- --------------------------------------------------------------------
NR 2.8
- --------------------------------------------------------------------
TOTAL 100.0%
- --------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 14.0%
- -------------------------------------------------------------------
Capital Goods 1.6
- -------------------------------------------------------------------
Consumer Cyclical 14.0
- -------------------------------------------------------------------
Consumer Staples 1.9
- -------------------------------------------------------------------
Energy 4.5
- -------------------------------------------------------------------
Finance 13.5
- -------------------------------------------------------------------
Health Care 5.7
- -------------------------------------------------------------------
Services 18.3
- -------------------------------------------------------------------
Technology 18.1
- -------------------------------------------------------------------
Transportation 1.6
- -------------------------------------------------------------------
Utilities 5.1
- -------------------------------------------------------------------
Short-Term Investments 22.6
- -------------------------------------------------------------------
Other Assets & Liabilities -20.9
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
42
The Hartford Income Allocation Fund
(advised by Hartford Investment Financial Services, LLC)
INVESTMENT OBJECTIVE -- SEEKS CURRENT INCOME AND, AS
A SECONDARY OBJECTIVE, CAPITAL PRESERVATION.
PERFORMANCE OVERVIEW(3) 5/28/04 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS U.S. AGGREGATE BOND
INCOME ALLOCATION FUND INDEX
---------------------- -----------------------------------
5/28/04 9550 10000
9550 10000
9560 10057
7/04 9602 10156
9683 10350
9713 10378
10/04 9781 10465
9765 10382
9832 10477
1/05 9836 10543
9838 10481
9764 10427
4/05 9820 10568
9888 10682
9939 10741
7/05 9910 10643
9992 10779
9937 10668
10/05 9880 10584
9915 10631
9989 10732
1/06 10012 10732
10042 10768
9990 10662
4/06 10001 10643
10005 10631
10016 10654
7/06 10108 10798
10218 10963
10274 11060
10/06 10339 11133
10432 11262
10390 11197
1/07 10422 11192
10557 11365
10561 11365
4/07 10626 11426
</Table>
<Table>
--- INCOME ALLOCATION FUND --- LEHMAN BROTHERS U.S. AGGREGATE
$9,550 starting value BOND INDEX
$10,626 ending value $10,000 starting value
$11,426 ending value
</Table>
LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX is an unmanaged index and is composed
of securities from the Lehman Brothers Government/Credit Bond Index,
Mortgage-Backed Securities Index, Asset-Backed Index and Commercial
Mortgage-Backed Securities Index.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- -----------------------------------------------------------
Income Allocation A# 5/28/2004 6.25% 3.72%
- -----------------------------------------------------------
Income Allocation A## 5/28/2004 1.47% 2.10%
- -----------------------------------------------------------
Income Allocation B# 5/28/2004 5.50% 3.01%
- -----------------------------------------------------------
Income Allocation B## 5/28/2004 0.50% 2.04%
- -----------------------------------------------------------
Income Allocation C# 5/28/2004 5.39% 2.97%
- -----------------------------------------------------------
Income Allocation C## 5/28/2004 4.39% 2.97%
- -----------------------------------------------------------
Income Allocation I# 5/28/2004 6.40% 3.77%
- -----------------------------------------------------------
Income Allocation R3# 5/28/2004 6.11% 3.67%
- -----------------------------------------------------------
Income Allocation R4# 5/28/2004 6.22% 3.71%
- -----------------------------------------------------------
Income Allocation R5# 5/28/2004 6.32% 3.74%
- -----------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class I shares commenced operations on 8/31/06. Performance
prior to 8/31/06 reflects Class A performance. Class R3, R4
and R5 shares commenced operations on 12/22/06. Performance
prior to 12/22/06 reflects Class A performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, R3, R4
and R5 shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGERS
HUGH WHELAN
Senior Vice President
EDWARD C. CAPUTO
Vice President
- --------------------------------------------------------------------------------
WHAT DID THE MARKET DO AND HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Income Allocation Fund returned 2.77%, before
sales charge, for the six months ended April 30, 2007, versus a 2.64% return for
its benchmark, the Lehman Brothers U.S. Aggregate Bond Index, and 2.56% for the
Lipper Intermediate Grade Debt Funds category, a group of funds with investment
strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
The yield curve steepened during the period, with the yield on the five year
Treasury note decreasing five basis points to 4.51% and the yield on the 10-year
Treasury note increasing two basis points to 4.62%. Within the major sectors of
the Lehman Brothers U.S. Aggregate Bond Index, mortgage backed securities were
the top performers, while U.S. Treasuries were the worst. The fixed income
allocation is structured around six fixed income indices. For the six month
period, the best performer was the Lehman Brothers High Yield Index (up 6.88%),
followed by the CSFB Leveraged Loan Index (up 3.98%), Lehman Brothers U.S.
Aggregate Bond Index (up 2.64%), Merrill Lynch 3-Month U.S. Treasury Bill Index
(up 2.62%), Lehman Brothers 1-3 Year Government Index (up 2.34%), and Lehman
U.S. TIPS (Treasury Inflation Protected Securities) Index (up 2.07%).
Consequently, the Fund benefited from its allocation to high yield and floating
rate notes, while the other asset classes underperformed the Fund's fixed income
benchmark. The Fund's duration (i.e. sensitivity to changes in interest rates)
is targeted to be less than the Lehman Brothers U.S. Aggregate Bond Index based
on risk preferences of the Fund. For the period, short duration positioning
detracted from overall performance.
Besides the asset allocation decision, the Fund's performance is also influenced
by the performance of the underlying active fund mangers. In keeping with the
Fund's long-term approach, we typically use cash flows to reallocate among the
underlying funds. However, a hard rebalance (i.e. a fund rebalancing to move the
underlying fund investments to their target allocation percentages) was
performed in November to align the actual allocations with our targets.
WHAT IS THE OUTLOOK?
Economic data continues to suggest weaker growth ahead, a trend that began in
the first quarter of the year. Additionally, the Federal Reserve concluded at
its March meeting that business executives are pessimistic about sales growth,
which poses a downside risk to the economy. Other risks going forward include
the potential effects of the ongoing troubles within the housing sector as well
as
43
- --------------------------------------------------------------------------------
persistently high energy and food costs, which could sap consumer spending.
Although business activity has been sluggish, strong consumption supports
growth. And while recent CPI data suggests some moderation in core inflation,
inflationary pressures remain elevated. Unless these pressures ease, we believe
it is unlikely that the Federal Reserve will cut rates in the foreseeable
future, as many are anticipating. While we do not feel that the economy is
headed for a recession, our outlook for growth and interest rates is biased to
the lower side.
COMPOSITION BY UNDERLYING FUND
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
FUND NAME NET ASSETS
- -------------------------------------------------------------------
Hartford Floating Rate Fund, Class Y 8.1%
- -------------------------------------------------------------------
Hartford High Yield Fund, Class Y 7.5
- -------------------------------------------------------------------
Hartford Income Fund, Class Y 17.1
- -------------------------------------------------------------------
Hartford Inflation Plus Fund, Class Y 20.4
- -------------------------------------------------------------------
Hartford Money Market Fund, Class Y 8.7
- -------------------------------------------------------------------
Hartford Short Duration Fund, Class Y 22.1
- -------------------------------------------------------------------
Hartford Total Return Bond Fund, Class Y 15.4
- -------------------------------------------------------------------
Other Assets & Liabilities 0.7
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
44
The Hartford Income Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS TO PROVIDE A HIGH LEVEL OF
CURRENT INCOME. CAPITAL APPRECIATION IS A SECONDARY OBJECTIVE.
PERFORMANCE OVERVIEW(2) 10/31/02 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS U.S. AGGREGATE BOND
INCOME FUND INDEX
----------- -----------------------------------
10/31/02 9550 10000
9662 10207
9820 10215
9883 10357
10045 10349
10099 10434
4/30/03 10314 10629
10459 10608
10540 10251
10193 10319
10273 10592
10563 10493
10580 10518
10637 10625
10804 10711
10895 10827
10995 10908
11080 10624
4/30/04 10788 10582
10691 10641
10769 10747
10897 10952
11108 10982
11170 11074
11305 10985
11242 11086
11356 11156
11376 11090
11373 11033
11209 11183
4/30/05 11289 11304
11414 11365
11497 11262
11460 11406
11597 11289
11490 11199
11384 11249
11450 11356
11550 11356
11601 11394
11659 11282
11578 11262
4/30/06 11590 11250
11558 11274
11538 11426
11682 11601
11874 11703
11983 11780
12095 11917
12253 11848
12236 11843
12268 12026
12437 12026
12425 12091
4/30/07 12504 12087
</Table>
<Table>
--- INCOME FUND --- LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX
$9,550 starting value $10,000 starting value
$12,504 ending value $12,087 ending value
</Table>
LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX is an unmanaged index and is composed
of securities from the Lehman Brothers Government/Credit Bond Index,
Mortgage-Backed Securities Index, Asset-Backed Securities Index and Commercial
Mortgage-Backed Securities Index.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- ------------------------------------------------
Income A# 10/31/2002 7.90% 6.17%
- ------------------------------------------------
Income A## 10/31/2002 3.04% 5.09%
- ------------------------------------------------
Income B# 10/31/2002 7.09% 5.41%
- ------------------------------------------------
Income B## 10/31/2002 2.09% 5.03%
- ------------------------------------------------
Income C# 10/31/2002 7.11% 5.45%
- ------------------------------------------------
Income C## 10/31/2002 6.11% 5.45%
- ------------------------------------------------
Income Y# 11/28/2003 8.20% 5.10%
- ------------------------------------------------
</Table>
<Table>
# Without sales charge
## With sales charge
</Table>
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B, C and Y shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGERS
WILLIAM H. DAVISON, JR.
Managing Director
JEFFREY S. MACDONALD, CFA
Vice President
CHARLES MOON
Executive Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Income Fund returned 3.39%, before sales
charge, for the six-month period ended April 30, 2007, versus its benchmark, the
Lehman Brothers U.S. Aggregate Bond Index, which gained 2.64%, and the 2.58%
average return of the Lipper Corporate Debt A-Rated Funds category, a group of
funds with investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
The Fund's overall outperformance was driven by a favorable combination of
sector rotation (i.e. shifting of assets between different sectors), interest
rate positioning, and security selection. Sector rotation was the largest
positive contributor as strong performance in lower quality credit, specifically
high yield and emerging markets, drove the Fund's returns throughout the period.
These allocations were maintained against underweights (i.e. the Fund's sector
position was less than the benchmark position) to U.S. Treasuries and agencies,
which underperformed most sectors of the overall market.
Interest rate risk was tactically managed, with the bulk of the outperformance
driven by decisions early in the six-month period. Overall, these interest rate
decisions drove performance more so than the Fund's yield curve positioning. In
addition, security selection added modestly to the Fund's outperformance, helped
by an overweight (i.e. the Fund's sector position was greater than the benchmark
position) to longer maturity investment grade corporate bonds.
WHAT IS THE OUTLOOK?
The economy has experienced slower growth over the past two calendar quarters.
Moderation in employment, consumer spending and business investment, driven in
large part by weakness in the housing and manufacturing sectors, has contributed
to this slowdown. Inflation still remains a concern for the Federal Open Market
Committee (the "Federal Reserve"). Although core prices have softened recently,
they still remain above the Federal Reserve's "comfort range" of 1% to 2%. This,
and the recent spike in gasoline prices, should keep the Federal Reserve's
"balance of risks" focused on inflation over the coming months. In our view, if
the economy continues to follow the Federal Reserve's outlook of moderately
paced growth and an easing in core price pressures, changes in interest rate
policy should remain on hold. As such, we see interest rates as range bound over
the coming months.
We remain positive on credit risk and see value in lower quality sectors like
high yield and bank loans. We currently view the attractiveness of the
investment grade corporate bond market as
45
- --------------------------------------------------------------------------------
fair, though re-levering and leveraged buyout activity have increased risk in
this part of the market. We have initiated and maintain an allocation to U.S.
Treasury Inflation Protected Securities (TIPS) as headline inflation pressures,
led by high gasoline prices, have increased the attractiveness of this sector.
DISTRIBUTION BY CREDIT QUALITY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
LONG-TERM
RATING HOLDINGS
- -------------------------------------------------------------------
AAA 46.8%
- -------------------------------------------------------------------
AA 5.4
- -------------------------------------------------------------------
A 9.9
- -------------------------------------------------------------------
BBB 8.4
- -------------------------------------------------------------------
BB 12.4
- -------------------------------------------------------------------
B 15.0
- -------------------------------------------------------------------
CCC 1.3
- -------------------------------------------------------------------
NR 0.8
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 2.7%
- -------------------------------------------------------------------
Capital Goods 0.4
- -------------------------------------------------------------------
Consumer Cyclical 3.3
- -------------------------------------------------------------------
Consumer Staples 1.3
- -------------------------------------------------------------------
Energy 1.1
- -------------------------------------------------------------------
Finance 26.2
- -------------------------------------------------------------------
Foreign Governments 0.4
- -------------------------------------------------------------------
Health Care 2.3
- -------------------------------------------------------------------
Services 6.1
- -------------------------------------------------------------------
Technology 7.2
- -------------------------------------------------------------------
Transportation 0.3
- -------------------------------------------------------------------
U.S. Government Agencies 26.2
- -------------------------------------------------------------------
U.S. Government Securities 13.8
- -------------------------------------------------------------------
Utilities 0.9
- -------------------------------------------------------------------
Short-Term Investments 31.7
- -------------------------------------------------------------------
Other Assets & Liabilities -23.9
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
46
The Hartford Inflation Plus Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS A TOTAL RETURN THAT EXCEEDS THE RATE OF INFLATION
OVER AN ECONOMIC CYCLE.
PERFORMANCE OVERVIEW(3) 10/31/02 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS U.S. TREASURY
INFLATION PLUS FUND INFLATION-PROTECTED SECURITIES INDEX
------------------- ------------------------------------
10/31/02 9550 10000
9528 9993
9842 10329
9889 10407
10245 10796
10082 10621
4/03 10037 10594
10507 11097
10407 10983
9921 10476
10072 10664
10390 11017
10412 11077
10411 11084
10500 11197
10609 11325
10842 11586
11003 11772
4/04 10488 11201
10628 11403
10621 11408
10707 11514
10976 11823
10988 11846
11077 11965
11044 11936
11228 12144
11226 12145
11173 12093
11173 12104
4/05 11367 12335
11446 12420
11469 12473
11248 12211
11487 12493
11456 12475
11310 12316
11316 12337
11442 12489
11441 12488
11429 12482
11190 12208
4/06 11164 12198
11200 12234
11211 12268
11377 12468
11570 12684
11581 12705
11569 12683
11702 12840
11414 12541
11425 12557
11657 12825
11691 12856
4/07 11761 12947
</Table>
<Table>
--- INFLATION PLUS FUND --- LEHMAN BROTHERS U.S. TREASURY
$9,550 starting value INFLATION-PROTECTED SECURITIES INDEX
$11,761 ending value $10,000 starting value
$12,947 ending value
</Table>
LEHMAN BROTHERS U.S. TREASURY INFLATION-PROTECTED SECURITIES INDEX represents
securities that protect against adverse inflation and provide a minimum level of
real return. To be included in this index, bonds must have cash flows linked to
an inflation index, be sovereign issues denominated in U.S. currency, and have
more than one year to maturity.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- ---------------------------------------------------------
Inflation Plus A# 10/31/2002 5.35% 4.74%
- ---------------------------------------------------------
Inflation Plus A## 10/31/2002 0.61% 3.67%
- ---------------------------------------------------------
Inflation Plus B# 10/31/2002 4.62% 4.02%
- ---------------------------------------------------------
Inflation Plus B## 10/31/2002 -0.38% 3.63%
- ---------------------------------------------------------
Inflation Plus C# 10/31/2002 4.52% 4.00%
- ---------------------------------------------------------
Inflation Plus C## 10/31/2002 3.52% 4.00%
- ---------------------------------------------------------
Inflation Plus I# 11/28/2003 5.64% 4.80%
- ---------------------------------------------------------
Inflation Plus R3# 11/28/2003 5.32% 3.89%
- ---------------------------------------------------------
Inflation Plus R4# 11/28/2003 5.46% 3.93%
- ---------------------------------------------------------
Inflation Plus R5# 11/28/2003 5.50% 3.94%
- ---------------------------------------------------------
Inflation Plus Y# 11/28/2003 5.63% 3.98%
- ---------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class I shares commenced operations on 8/31/06. Performance
prior to 8/31/06 reflects Class A performance. Class R3, R4
and R5 shares commenced operations on 12/22/06. Performance
prior to 12/22/06 reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, R3, R4,
R5 and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGERS
JOHN HENDRICKS
Senior Vice President
TIMOTHY WILHIDE
Senior Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Inflation Plus Fund returned 1.66%, before
sales charge, for the six-month period ended April 30, 2007, versus its
benchmark, the Lehman Brothers U.S. Treasury Inflation-Protected Securities
Index, which returned 2.07%, and the 1.80% average return of the Lipper Treasury
Inflation Protected Securities Index, a group of funds with investment
strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
The six-month period was characterized by two distinct views of Treasury
Inflation Protected Securities (TIPS). The first view, prevailing in November
and December, was that TIPS were unattractive versus nominal Treasury securities
as a result of weak oil and gasoline prices and low seasonal inflation accrual.
During this period, TIPS underperformed similar maturity nominal Treasuries by
approximately 30 basis points in short maturities to as much as 200 basis points
for long maturities. The situation reversed dramatically from January to April,
as retail gasoline prices unexpectedly jumped by 32% to a national average of
$2.97 per gallon at the end of April, pushing the Consumer Price Index (CPI)
above expectations. As a result, TIPS outperformed similar maturity nominal
Treasuries by 50 to 150 basis points, depending on the maturity, for the four
month period ending April 30.
During the period the Fund reduced its bank loan allocation to 5% from 10%. This
was prompted by our view that this asset class, while fundamentally attractive,
was fully priced, especially in light of evidence that investors were beginning
to reassess their willingness to hold riskier assets. In effect, we lowered our
position in bank loans with the expectation that we could add them back later in
2007 at less fully valued levels. However, we continue to view bank loans as a
core holding and an asset class we do not expect to trade aggressively; we
simply saw an opportunity to sell part of the position at very attractive
prices.
WHAT IS THE OUTLOOK?
We expect continued upward pressure on inflation. In particular, we believe the
current consensus forecast for CPI will prove to be low through the spring and
much of the summer, as gasoline, food, and the "owner's equivalent rent" (i.e.
an estimate of the rent homeowners would pay if they were renting the residences
they own) component of housing-related inflation remain elevated.
47
- --------------------------------------------------------------------------------
Beyond that, much depends on whether economic growth accelerates above 3%, which
would add to inflationary pressures.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 0.5%
- -------------------------------------------------------------------
Consumer Cyclical 0.6
- -------------------------------------------------------------------
Finance 1.1
- -------------------------------------------------------------------
Health Care 1.1
- -------------------------------------------------------------------
Services 0.9
- -------------------------------------------------------------------
Technology 0.7
- -------------------------------------------------------------------
U.S. Government Securities 101.6
- -------------------------------------------------------------------
Utilities 0.6
- -------------------------------------------------------------------
Short-Term Investments 0.7
- -------------------------------------------------------------------
Other Assets & Liabilities -7.8
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DISTRIBUTION BY CREDIT QUALITY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
LONG-TERM
RATING HOLDINGS
- -------------------------------------------------------------------
AAA 94.8%
- -------------------------------------------------------------------
BBB 0.5
- -------------------------------------------------------------------
BB 4.4
- -------------------------------------------------------------------
B 0.2
- -------------------------------------------------------------------
NR 0.1
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
48
The Hartford International Capital Appreciation Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS CAPITAL APPRECIATION.
PERFORMANCE OVERVIEW(3) 4/30/01 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
INTERNATIONAL CAP APP FUND MSCI EAFE GROWTH INDEX
-------------------------- ----------------------
4/30/01 9450 10000
8836 9601
8411 9137
8297 8915
7825 8509
6861 7706
7201 8013
7815 8425
8023 8474
7702 8017
7834 8125
8222 8477
4/02 8080 8488
8146 8512
7768 8295
7002 7411
6880 7355
6067 6716
6549 7097
7154 7306
6517 7138
6574 6785
6423 6639
6234 6575
4/03 6990 7151
7605 7527
7794 7661
8031 7762
8381 7905
8400 8174
9100 8645
9207 8848
9711 9457
10082 9642
10548 9826
10796 9837
4/04 10282 9600
10463 9583
10796 9714
10035 9320
10082 9331
10586 9563
11024 9883
11642 10567
11975 11015
11604 10762
11480 11195
11052 10925
4/05 10948 10723
11033 10764
11090 10853
11480 11184
11813 11507
12061 11993
11547 11666
11957 11888
12649 12517
13614 13289
13402 13140
13807 13655
4/06 14465 14282
13702 13692
13567 13712
13489 13777
13847 14111
13934 14034
14417 14513
15115 14938
15533 15358
15565 15483
15374 15603
15873 16129
4/07 16308 16831
</Table>
<Table>
--- INTERNATIONAL CAP APP FUND -- MSCI EAFE GROWTH INDEX
$9,450 starting value $10,000 starting value
$16,308 ending value $16,831 ending value
</Table>
MSCI EAFE GROWTH INDEX is a free float-adjusted market capitalization index that
is designed to measure developed market equity performance (excluding the U.S.
and Canada) of the growth securities within the MSCI EAFE Index.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR 5 YEAR INCEPTION
- ----------------------------------------------------------------
Int'l Cap App A# 4/30/2001 12.73% 15.07% 9.51%
- ----------------------------------------------------------------
Int'l Cap App A## 4/30/2001 6.53% 13.77% 8.49%
- ----------------------------------------------------------------
Int'l Cap App B# 4/30/2001 11.89% 14.24% 8.73%
- ----------------------------------------------------------------
Int'l Cap App B## 4/30/2001 6.89% 14.01% 8.62%
- ----------------------------------------------------------------
Int'l Cap App C# 4/30/2001 11.90% 14.22% 8.73%
- ----------------------------------------------------------------
Int'l Cap App C## 4/30/2001 10.90% 14.22% 8.73%
- ----------------------------------------------------------------
Int'l Cap App I# 4/30/2001 13.03% 15.13% 9.56%
- ----------------------------------------------------------------
Int'l Cap App R3# 4/30/2001 12.92% 15.51% 9.95%
- ----------------------------------------------------------------
Int'l Cap App R4# 4/30/2001 13.06% 15.54% 9.97%
- ----------------------------------------------------------------
Int'l Cap App R5# 4/30/2001 13.13% 15.55% 9.98%
- ----------------------------------------------------------------
Int'l Cap App Y# 4/30/2001 13.28% 15.58% 10.01%
- ----------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class I shares commenced operations on 8/31/06. Performance
prior to 8/31/06 reflects Class A performance. Class R3, R4
and R5 shares commenced operations on 12/22/06. Performance
prior to 12/22/06 reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, R3, R4,
R5 and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGEMENT
ANDREW S. OFFIT, CPA
Senior Vice President, Partner
JEAN-MARC BERTEAUX
Senior Vice President, Partner
MATTHEW D. HUDSON, CFA
Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford International Capital Appreciation Fund
returned 13.11%, before sales charge, for the six-month period ended April 30,
2007, underperforming its benchmark, the MSCI EAFE Growth Index, which returned
15.97% for the same period. The Fund also underperformed the 14.93% return of
the average fund in the Lipper International Multi-Cap Growth Funds peer group,
a group of funds with investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Despite a strong finish for global equity markets in 2006, helped by robust
merger and acquisition activity and solid cash flows, volatility returned to
global equity markets in 2007. A one day sell-off in the Chinese stock market
and the weakening credit environment marked by high delinquency rates among
subprime borrowers were offset by strong corporate earnings growth and merger
and acquisition activity across many industries. The MSCI EAFE Growth Index
modestly outperformed the MSCI EAFE Value Index by approximately 45 basis
points. Within the MSCI EAFE Growth Index, all sectors had positive returns
during the period, led by Industrials, Consumer Staples and Utilities. The
Health Care, Financials, and Information Technology sectors lagged broader
market returns.
The Fund's underperformance relative (i.e. performance of the Fund as measured
against the benchmark) to the MSCI EAFE Growth Index during the period resulted
from the Fund's sector allocations, a fallout of bottom-up stock selection and
weaker stock selection within several sectors. An underweight (i.e. the Fund's
sector position was less than the benchmark position) to the outperforming
Industrials sector and a large overweight (i.e. the Fund's sector position was
greater than the benchmark position) to the underperforming Information
Technology sector detracted from relative results. Weak stock selection in
Consumer Discretionary, Consumer Staples, and Industrials was partially offset
by strong stock selection within the Materials, Information Technology, and
Financials sectors.
Top detractors from the Fund's relative performance were Rakuten (Retailing),
Vallourec (Capital Goods), and Suzuki Motor (Automobiles). Japanese e-commerce
firm Rakuten stumbled after reporting a decline in profits. We maintain our
position in the stock. We trimmed Vallourec, French maker of seamless tubes for
the oil and gas industries, which was among our best performers for 2006. Among
Japan's largest automakers, Suzuki experienced a drop in its shares after the
yen reversed its decline against the dollar and a report indicated a slowdown in
U.S. economic growth. We eliminated our position in the stock.
49
- --------------------------------------------------------------------------------
Nintendo (Software), Salzgitter (Materials) and Veolia (Utilities) were the top
three relative contributors owned by the Fund. Video game console and software
maker Nintendo successfully launched extremely popular Wii game consoles this
holiday season. The company also experienced solid earnings growth from robust
sales of its touch-screen DS portable game play. Shares of German steelmaker
Salzgitter AG rose sharply after analyst upgrades citing strong product demand.
Veolia, the world's largest water management company, provides outsourcing for
clean water, waste management, and transport services. Shares benefited from an
upsurge in global demand for clean water, pollution control, and energy saving
resources, particularly in China. Additionally, the stock's price rose on
speculation that rival Suez may be acquired.
WHAT IS THE OUTLOOK?
At the end of the period, our stock-by-stock investment process resulted in
overweights in Consumer Discretionary, Information Technology, and Consumer
Staples stocks. Within Consumer Discretionary, we are positioned towards
companies with less exposure to weakening U.S. consumption. Relative to the MSCI
EAFE Growth Index, our most significant underweights were in Financials, Health
Care, and Materials. Our Financials exposure is centered on investment
management and capital markets; we maintain an underweight to banks.
DIVERSIFICATION BY COUNTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
COUNTRY NET ASSETS
- -------------------------------------------------------------------
Australia 1.3%
- -------------------------------------------------------------------
Austria 0.7
- -------------------------------------------------------------------
Brazil 1.4
- -------------------------------------------------------------------
Canada 6.5
- -------------------------------------------------------------------
China 2.3
- -------------------------------------------------------------------
Denmark 1.7
- -------------------------------------------------------------------
Finland 2.7
- -------------------------------------------------------------------
France 10.3
- -------------------------------------------------------------------
Germany 16.3
- -------------------------------------------------------------------
Greece 0.7
- -------------------------------------------------------------------
Hong Kong 1.3
- -------------------------------------------------------------------
Ireland 3.1
- -------------------------------------------------------------------
Japan 10.5
- -------------------------------------------------------------------
Luxembourg 0.5
- -------------------------------------------------------------------
Mexico 0.8
- -------------------------------------------------------------------
Netherlands 4.6
- -------------------------------------------------------------------
Norway 0.4
- -------------------------------------------------------------------
Russia 0.1
- -------------------------------------------------------------------
South Korea 1.6
- -------------------------------------------------------------------
Spain 0.9
- -------------------------------------------------------------------
Sweden 2.0
- -------------------------------------------------------------------
Switzerland 6.7
- -------------------------------------------------------------------
Taiwan 1.4
- -------------------------------------------------------------------
United Kingdom 17.6
- -------------------------------------------------------------------
Short-Term Investments 14.2
- -------------------------------------------------------------------
Other Assets & Liabilities -9.6
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 11.6%
- -------------------------------------------------------------------
Capital Goods 7.1
- -------------------------------------------------------------------
Consumer Cyclical 17.2
- -------------------------------------------------------------------
Consumer Staples 10.2
- -------------------------------------------------------------------
Energy 1.1
- -------------------------------------------------------------------
Finance 11.8
- -------------------------------------------------------------------
Health Care 6.7
- -------------------------------------------------------------------
Services 3.3
- -------------------------------------------------------------------
Technology 19.1
- -------------------------------------------------------------------
Transportation 2.9
- -------------------------------------------------------------------
Utilities 4.4
- -------------------------------------------------------------------
Short-Term Investments 14.2
- -------------------------------------------------------------------
Other Assets & Liabilities -9.6
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
50
The Hartford International Opportunities Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS GROWTH OF CAPITAL.
PERFORMANCE OVERVIEW(3) 4/30/97 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
INTERNATIONAL OPPORTUNITIES FUND MSCI AC WORLD FREE EX U.S. INDEX
-------------------------------- --------------------------------
4/30/97 9450 10000
10002 10618
10428 11204
10731 11430
10018 10531
10535 11101
9795 10155
9670 10029
9628 10144
9765 10447
10393 11144
10857 11530
4/98 11084 11612
11148 11402
11166 11359
11266 11467
9665 9850
9364 9642
9974 10651
10547 11224
10834 11611
11153 11598
10898 11338
11481 11886
4/99 11910 12480
11409 11894
11944 12441
12245 12732
12254 12777
12327 12863
12737 13342
13494 13876
15074 15199
14272 14374
15240 14762
15162 15318
4/00 14370 14463
13813 14093
14327 14693
13895 14113
14091 14288
13385 13495
12786 13066
12240 12480
12733 12906
12805 13100
11797 12063
10985 11210
4/01 11787 11972
11355 11642
11006 11195
10759 10946
10450 10674
9369 9542
9606 9809
10152 10258
10348 10390
9853 9945
9833 10017
10358 10602
4/02 10296 10629
10399 10745
9915 10281
8885 9279
8752 9280
7691 8296
8268 8742
8618 9162
8257 8866
7876 8555
7629 8381
7465 8219
4/03 8144 9011
8607 9585
8731 9850
8988 10112
9308 10414
9359 10705
9946 11399
10152 11648
10856 12537
10980 12739
11248 13062
11310 13143
4/04 10990 12734
11073 12763
11351 13052
10815 12671
10815 12773
11145 13183
11557 13642
12268 14589
12731 15215
12453 14953
12875 15691
12556 15265
4/05 12319 14888
12381 14982
12628 15264
13246 15827
13596 16232
14091 17069
13524 16448
13782 17001
14478 17819
15480 19061
15191 19006
15697 19558
4/06 16554 20567
15820 19619
15769 19599
15831 19799
16234 20361
16068 20374
16668 21203
17290 21973
17903 22658
18127 22743
17956 22882
18361 23526
4/07 19074 24617
</Table>
<Table>
--- INTERNATIONAL OPPORTUNITIES FUND --- MSCI AC WORLD FREE EX U.S. INDEX
$9,450 starting value $10,000 starting value
$19,074 ending value $24,617 ending value
</Table>
MSCI AC WORLD FREE EX U.S. INDEX is a broad based, unmanaged, market
capitalization weighted, total return index that measures the performance of
both developed and emerging stock markets, excluding the U.S.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION 1 5 10 SINCE
DATE YEAR YEAR YEAR INCEPTION
- --------------------------------------------------------------------
Int'l Opp A# 7/22/1996 15.22% 13.12% 7.27% 7.41%
- --------------------------------------------------------------------
Int'l Opp A## 7/22/1996 8.89% 11.85% 6.67% 6.85%
- --------------------------------------------------------------------
Int'l Opp B# 7/22/1996 14.58% 12.33% NA* NA*
- --------------------------------------------------------------------
Int'l Opp B## 7/22/1996 9.58% 12.08% NA* NA*
- --------------------------------------------------------------------
Int'l Opp C# 7/22/1996 14.42% 12.26% 6.47% 6.61%
- --------------------------------------------------------------------
Int'l Opp C## 7/22/1996 13.42% 12.26% 6.47% 6.61%
- --------------------------------------------------------------------
Int'l Opp R3# 7/22/1996 15.57% 13.60% 7.74% 7.88%
- --------------------------------------------------------------------
Int'l Opp R4# 7/22/1996 15.70% 13.63% 7.75% 7.89%
- --------------------------------------------------------------------
Int'l Opp R5# 7/22/1996 15.82% 13.65% 7.76% 7.90%
- --------------------------------------------------------------------
Int'l Opp Y# 7/22/1996 15.95% 13.68% 7.77% 7.91%
- --------------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* 10 year and inception returns are not applicable for Class B
because after 8 years Class B converts to Class A.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class C shares commenced operations on 7/31/98. Performance
prior to 7/31/98 reflects Class B performance less Class C
sales charges where applicable. Class R3, R4 and R5 shares
commenced operations on 12/22/06. Performance prior to
12/22/06 reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, R3, R4, R5
and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGEMENT
NICOLAS M. CHOUMENKOVITCH
Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford International Opportunities Fund returned
14.44%, before sales charge, for the six-month period ended April 30, 2007,
underperforming its benchmark, the MSCI AC World Free ex U.S. Index, which
returned 16.10% for the same period. However, the Fund outperformed the 13.91%
return of the average fund in the Lipper International Large Cap Core Funds peer
group, a group of funds with investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
International equity markets rose strongly during the period. Every sector in
the MSCI AC World Free ex U.S. Index rose, led by Industrials (+26%), Materials
(+24%), and Utilities (+23%). Health Care (+8%), Energy (+8%), and Information
Technology (+9%) put up strong returns but trailed the broader market. From a
regional perspective Emerging Markets (+20%), Asian (+24%), and European (+19%)
stocks performed particularly well, while Japan (+5%) and North America (+12%)
lagged.
The Fund's underperformance was due to sector allocation. Overweight (i.e. the
Fund's sector position was greater than the benchmark position) allocations to
lagging Information Technology and Consumer Discretionary stocks, and
underweights (i.e. the Fund's sector position was less than the benchmark
position) to surging Materials and Utilities stocks, detracted from relative
(i.e. performance of the Fund as measured against the benchmark) results. Stock
selection was weak in Information Technology, Health Care, and Telecommunication
Services. Stocks that had the greatest negative impact on relative returns
during the period included SOITEC (Information Technology), Nortel (Information
Technology), and Mitsubishi UFJ Financial Group (Financials). Semiconductor
company SOITEC saw its shares fall on worries about the near-term outlook of its
major customer Advanced Micro Devices (AMD) as well as slower-than-expected
market demand for microprocessors. We remain confident in the longer-term
prospects of the company's specialty silicon wafer technology and retain our
position. Shares of Canadian phone equipment manufacturer Nortel tumbled on news
that it would have to delay the filing of its 2006 annual report and restate
prior years' financial results. We believe that Nortel's new management team
will be successful in achieving significant cost cuts and driving profitability
higher. We also expect Nortel to benefit from an improving pricing environment
and expected increases in capital expenditures for wireline equipment. Shares of
Mitsubishi UFJ Financial Group
51
- --------------------------------------------------------------------------------
traded lower when its consumer lending unit announced that its losses were
greater than previously forecast.
Stock selection overall was positive for the period, led by contributions from
the Industrials, Materials, and Consumer Discretionary sectors. Brazilian mining
company Cia Vale do Rio Doce's (CVRD) shares rose as strong markets for iron ore
and nickel supported higher earnings and guidance, while results from recently
acquired nickel miner Inco are exceeding expectations. We anticipate
better-than-expected volume growth and cost cutting initiatives to benefit the
stock's valuation. European discount airline Ryan Air guided investors to higher
than expected profitability metrics, pushing its shares higher. German exchange
Deutsche Boerse, operator of the Frankfurt exchange and the electronic trading
exchange Xetra, saw its shares increase on expectations of continued robust
trading volumes and the likelihood of continued merger and acquisition activity
within global exchanges.
WHAT IS THE OUTLOOK?
The economic concerns that we expected from the U.S. housing slowdown are
finally making their way through the equity market. Given our central premise
that global growth outside the U.S. will surprise, we are taking advantage of
the volatility to either add to our positions or to begin new ones in companies
that the market has over-penalized. Specifically, we are adding to Germany where
we still find compelling restructuring themes, and China where the most
appealing long term growth stories have not been fully appreciated. We will also
be looking for opportunities in France where the results of the Presidential
election could trigger the next wave of restructuring.
We will be more selective in the Emerging Markets given their strong
performance. However, we will continue to emphasize either natural monopolies or
underappreciated growth opportunities that often exist in these more inefficient
markets. Finally, we will be looking for individual stock ideas in Japan given
that we remain concerned with the country's long-term structural problem.
From a sector perspective, we have become more interested in the automobile and
semiconductor industries given that the market has not discounted the
possibility for positive surprises. Valuations in these industries remain
compelling, especially when compared to other cyclical sectors found in the
Industrials sectors.
Consumer Discretionary, Information Technology and Consumer Staples remained our
largest overweight positions at the end of the period while the Fund was most
underweight in Financials, Telecommunication Services, and Materials.
DIVERSIFICATION BY COUNTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
COUNTRY NET ASSETS
- -------------------------------------------------------------------
Belgium 0.5%
- -------------------------------------------------------------------
Brazil 2.8
- -------------------------------------------------------------------
Canada 8.7
- -------------------------------------------------------------------
China 3.0
- -------------------------------------------------------------------
Egypt 1.5
- -------------------------------------------------------------------
Finland 1.4
- -------------------------------------------------------------------
France 10.0
- -------------------------------------------------------------------
Germany 10.3
- -------------------------------------------------------------------
Greece 0.5
- -------------------------------------------------------------------
Hong Kong 6.1
- -------------------------------------------------------------------
Ireland 1.3
- -------------------------------------------------------------------
Italy 6.3
- -------------------------------------------------------------------
Japan 13.7
- -------------------------------------------------------------------
Luxembourg 1.0
- -------------------------------------------------------------------
Mexico 1.0
- -------------------------------------------------------------------
Netherlands 7.9
- -------------------------------------------------------------------
Russia 4.0
- -------------------------------------------------------------------
Singapore 0.5
- -------------------------------------------------------------------
South Africa 1.2
- -------------------------------------------------------------------
Sweden 1.0
- -------------------------------------------------------------------
Switzerland 6.2
- -------------------------------------------------------------------
Turkey 0.4
- -------------------------------------------------------------------
United Kingdom 9.2
- -------------------------------------------------------------------
Short-Term Investments 26.5
- -------------------------------------------------------------------
Other Assets & Liabilities -25.0
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 10.4%
- -------------------------------------------------------------------
Capital Goods 2.9
- -------------------------------------------------------------------
Consumer Cyclical 11.2
- -------------------------------------------------------------------
Consumer Staples 9.0
- -------------------------------------------------------------------
Energy 6.8
- -------------------------------------------------------------------
Finance 24.6
- -------------------------------------------------------------------
Health Care 3.3
- -------------------------------------------------------------------
Services 2.8
- -------------------------------------------------------------------
Technology 20.1
- -------------------------------------------------------------------
Transportation 5.3
- -------------------------------------------------------------------
Utilities 2.1
- -------------------------------------------------------------------
Short-Term Investments 26.5
- -------------------------------------------------------------------
Other Assets & Liabilities -25.0
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
52
The Hartford International Small Company Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS CAPITAL APPRECIATION.
PERFORMANCE OVERVIEW(2) 4/30/01 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
S&P/CITIGROUP EURO-PACIFIC EXTENDED
INTERNATIONAL SMALL CO FUND MARKET INDEX
--------------------------- -----------------------------------
4/30/01 9450 10000
9781 10051
9204 9730
9044 9365
9044 9388
7825 8233
8335 8554
8902 8875
8713 8758
8581 8585
8562 8792
8968 9305
4/02 9346 9565
9620 9980
9507 9671
8921 9000
8713 8917
7834 8188
7910 8117
8155 8408
8331 8345
8142 8223
8123 8207
8094 8157
4/03 9098 8834
9827 9576
9959 10030
10357 10357
10868 11015
11569 11642
12241 12443
12322 12432
12884 13194
13209 13691
13554 14117
14021 14484
4/04 13757 14113
13453 14116
13848 14613
13108 14028
12996 14139
13179 14562
13635 15016
14383 16191
14973 16992
15337 17232
15746 18014
15292 17637
4/05 14803 17128
14917 17210
15292 17537
15905 18172
16223 18693
16632 19398
16212 18832
16536 19517
17669 20747
18977 22263
18938 22281
19715 23268
4/06 20699 24427
19793 23296
19469 23016
19598 22832
20155 23586
20427 23916
20971 24896
21888 26067
22632 27057
22960 27382
23139 27765
23944 28848
4/07 24734 30146
</Table>
<Table>
--- INTERNATIONAL SMALL CO FUND --- S&P/CITIGROUP EURO-PACIFIC
$9,450 starting value EXTENDED MARKET INDEX
$24,734 ending value $10,000 starting value
$30,146 ending value
</Table>
S&P/CITIGROUP EURO-PACIFIC EXTENDED MARKET INDEX is a global equity index
comprised of the smallest 20% of each country's market capitalization in the
Broad Market Index. All developed countries are included except the US and
Canada.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR 5 YEAR INCEPTION
- ----------------------------------------------------------------
Int'l Small Co A# 4/30/2001 19.50% 21.48% 17.39%
- ----------------------------------------------------------------
Int'l Small Co A## 4/30/2001 12.93% 20.11% 16.29%
- ----------------------------------------------------------------
Int'l Small Co B# 4/30/2001 18.74% 20.74% 16.71%
- ----------------------------------------------------------------
Int'l Small Co B## 4/30/2001 13.74% 20.55% 16.63%
- ----------------------------------------------------------------
Int'l Small Co C# 4/30/2001 18.65% 20.59% 16.53%
- ----------------------------------------------------------------
Int'l Small Co C## 4/30/2001 17.65% 20.59% 16.53%
- ----------------------------------------------------------------
Int'l Small Co Y# 4/30/2001 20.04% 22.01% 17.89%
- ----------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B, C and Y shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
Performance information may reflect historical or current
expense waivers/reimbursements from the investment adviser,
without which performance would have been lower. For information
on current expense waivers/reimbursements, please see the
prospectus.
PORTFOLIO MANAGER
SIMON H. THOMAS
Vice President
DANIEL MAGUIRE, CFA
Assistant Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford International Small Company Fund returned
17.95%, before sales charge, for the six-month period ended April 30, 2007,
underperforming its benchmark, the S&P/Citigroup Euro-Pacific Extended Market
Index, which returned 21.09% for the same period. The Fund also underperformed
the 19.05% return of the average fund in the Lipper International Small/Mid Cap
Core peer group, a group of funds with investment strategies similar to those of
the Fund.
WHY DID THE FUND PERFORM THIS WAY?
International small cap equity markets advanced markedly during the period. The
benchmark rose in each of the six months, and every sector posted positive
results. Industrials (+29%) led, followed by Health Care (+23%), Utilities
(+22%), and Materials (+22%). Even the laggards posted strong absolute (i.e.
total return) results as the bottom three sectors -- Technology (+16%), Consumer
Discretionary (+18%) and Consumer Staples (+19%) -- showed double digit positive
performance. Stock appreciation was equally broad-based from a regional
perspective. Emerging Markets (+33%) led, followed by Australia/New Zealand
(+30%) and Europe ex-UK (+28%). Japan (+3%), North America (+19%), and the U.K.
(+20%) lagged.
While absolute results were strong, the Fund underperformed during the period
due to stock selection, largely within the Information Technology sector. More
broadly, relative (i.e. performance of the Fund as measured against the
benchmark) returns were negatively impacted by strong returns among some of the
larger capitalization names in the benchmark (those with market caps above $10
billion). In addition, the Fund's underweight in stocks above $10 billion in
market capitalization relative to its benchmark hurt relative performance. Our
disciplined process also emphasizes holding quality stocks trading at attractive
valuations. As a result, we will not buy into momentum-driven markets where
there is little valuation support. In the recent environment this has been
detrimental to relative returns as certain sectors within select markets (e.g.,
environmental themes, no matter how tenuous, and Chinese consumer stocks) have
experienced significant valuation expansion.
At the stock level, negative relative and absolute contributors included SOITEC,
OBIC Business Consultants, Union Tool, and Centennial Coal. SOITEC, a French
licensor of technology used to manufacture micro semiconductors, declined on
concerns that weak Playstation 3 console sales at its customer Sony could hurt
revenues. We believe the company's long-term growth potential remains strong and
we added to our position on weakness. Shares of OBIC Business Consultants, a
Japanese provider of pre-packaged accounting software to small- and mid-size
companies, fell on lower operating profit due to higher near-term expenses.
Sales have risen steadily since, with the release of a Vista-compatible version
of their software. We believe long-term fundamentals remain strong, as the
company is well leveraged to the trend of increased reporting requirements in
Japan. We added to our position on weakness.
53
- --------------------------------------------------------------------------------
Shares in Industrials company Union Tool, a Japanese supplier of micro-thin
drill bits, fell as sales and earnings came in below analyst expectations. In
the Energy sector, stock in Australian coal mining and production company
Centennial Coal fell when the company dropped plans to sell some of its mines
and announced that earnings would fall short of estimates. We believe the
company has a long term opportunity to grow assets and monetize (i.e. sell some
of the firm's operations to other companies for cash, or spin them out to
shareholders as separate entities) non-core operations.
Selection in the Industrials and Consumer Discretionary sectors provided
positive results during the period. The top contributor to absolute and relative
returns, however, was a Health Care stock: Danish biotechnology company Genmab,
which specializes in human antibody products, saw its shares rise when the
market reacted positively to its partnership agreement with GlaxoSmithKline. We
took some profits but continue to hold a position. Other top contributors to
relative and absolute performance included Japan Steelworks, Hellenic
Technodomik, and Salzgitter. Japan Steel Works has a dominant market share in a
key component of nuclear and conventional power plants and benefited from strong
demand for highly profitable energy-related components. Hellenic Technodomik,
Greece's largest construction company, won a major contract award from Greece's
Ministry of Public Works to build and operate a new highway. We continue to hold
both stocks. In Materials, German steel products and services company Salzgitter
experienced rising demand for rolled steel and tube products, which helped
propel revenues, profits, and the company's shares higher. It also sold its
shares in French steel company Vallourec at a sizable gain. Salzgitter is
leveraged to a recovering German economy and it has substantial cash for
accretive acquisitions (i.e. an acquisition that is expected to increase
earnings per share) or to return to shareholders. We sold some shares into
strength but continue to hold a reduced position.
WHAT IS THE OUTLOOK?
Stock selection for the Fund is performed one at a time based on a stock's
individual merits. During the period we increased our weight in Financials as we
added to Japanese regional banks (Higo Bank) after several company visits, where
we discovered a number of under-researched stocks with the potential for
significant upside. We also initiated a position in Turkey's only listed Islamic
bank (Asya Katilim Bankasia) after a company visit confirmed the strength of the
bank's franchise and growth potential. In Industrials we increased our
overweight (i.e. the Fund's sector position was greater than the benchmark
position) position in niche leaders (purchases of NTN for auto parts, Lupatech
for oil services/pipes), while reducing exposure to Materials (sales of
chemicals companies EMS-Chemie and Arkema), where we took profits in several
European holdings, and will be looking to add back on a pullback. Finally, we
reduced exposure in Information Technology, eliminating Logitech and cutting
weight in Disco as the stocks appeared fully valued.
Based on these bottom-up decisions, we finished the period overweight
Industrials, Health Care, and Energy. Our largest underweights (i.e. the Fund's
sector position was less than the benchmark position) were in the Consumer
Discretionary, Utilities, and Materials sectors. Our greatest regional
underweight position was in Europe, mostly due to less than benchmark exposures
to the U.K., Spain, Switzerland, and France, as the valuation/growth tradeoff
appears least attractive in these areas. This was offset by overweight positions
in select Emerging Markets and Japan.
DIVERSIFICATION BY COUNTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
COUNTRY NET ASSETS
- -------------------------------------------------------------------
Australia 7.9%
- -------------------------------------------------------------------
Belgium 2.6
- -------------------------------------------------------------------
Bermuda 0.5
- -------------------------------------------------------------------
Brazil 2.1
- -------------------------------------------------------------------
Canada 0.3
- -------------------------------------------------------------------
China 0.5
- -------------------------------------------------------------------
Denmark 2.7
- -------------------------------------------------------------------
Finland 1.4
- -------------------------------------------------------------------
France 7.2
- -------------------------------------------------------------------
Germany 8.7
- -------------------------------------------------------------------
Greece 1.1
- -------------------------------------------------------------------
Hong Kong 3.8
- -------------------------------------------------------------------
Ireland 0.7
- -------------------------------------------------------------------
Italy 5.0
- -------------------------------------------------------------------
Japan 22.0
- -------------------------------------------------------------------
Liechtenstein 1.1
- -------------------------------------------------------------------
Malaysia 0.5
- -------------------------------------------------------------------
Mexico 0.5
- -------------------------------------------------------------------
Netherlands 3.1
- -------------------------------------------------------------------
Norway 0.5
- -------------------------------------------------------------------
Portugal 0.7
- -------------------------------------------------------------------
Singapore 0.5
- -------------------------------------------------------------------
South Korea 2.8
- -------------------------------------------------------------------
Spain 1.0
- -------------------------------------------------------------------
Sweden 3.1
- -------------------------------------------------------------------
Switzerland 2.4
- -------------------------------------------------------------------
Turkey 0.8
- -------------------------------------------------------------------
United Kingdom 12.7
- -------------------------------------------------------------------
Short-Term Investments 29.4
- -------------------------------------------------------------------
Other Assets & Liabilities -25.6
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 14.7%
- -------------------------------------------------------------------
Capital Goods 7.7
- -------------------------------------------------------------------
Consumer Cyclical 12.8
- -------------------------------------------------------------------
Consumer Staples 2.1
- -------------------------------------------------------------------
Energy 3.1
- -------------------------------------------------------------------
Finance 22.2
- -------------------------------------------------------------------
Health Care 11.4
- -------------------------------------------------------------------
Services 7.5
- -------------------------------------------------------------------
Technology 9.2
- -------------------------------------------------------------------
Transportation 4.2
- -------------------------------------------------------------------
Utilities 1.3
- -------------------------------------------------------------------
Short-Term Investments 29.4
- -------------------------------------------------------------------
Other Assets & Liabilities -25.6
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
54
The Hartford LargeCap Growth Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM GROWTH OF CAPITAL.
PERFORMANCE OVERVIEW(2) 11/30/06 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
S&P/CITIGROUP EURO-PACIFIC EXTENDED
INTERNATIONAL SMALL CO FUND MARKET INDEX
--------------------------- -----------------------------------
11/30/06 9450 10000
12/06 9500 10034
1/07 9765 10292
2/07 9566 10098
3/07 9595 10153
4/07 9945 10631
</Table>
<Table>
--- LARGECAP GROWTH FUND --- RUSSELL 1000 GROWTH INDEX
$9,450 starting value $10,000 starting value
$9,945 ending value $10,631 ending value
</Table>
RUSSELL 1000 GROWTH INDEX is an unmanaged index that measures the performance of
those Russell 1000 Index companies with higher price-to-book ratios and higher
forecasted growth values.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE INCEPTION
- ------------------------------------------------
LargeCap Growth A# 11/30/2006 5.23%
- ------------------------------------------------
LargeCap Growth A## 11/30/2006 -0.55%
- ------------------------------------------------
LargeCap Growth B# 11/30/2006 4.97%
- ------------------------------------------------
LargeCap Growth B## 11/30/2006 -0.03%
- ------------------------------------------------
LargeCap Growth C# 11/30/2006 4.97%
- ------------------------------------------------
LargeCap Growth C## 11/30/2006 3.97%
- ------------------------------------------------
LargeCap Growth Y# 11/30/2006 5.47%
- ------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B, C and Y shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGER
HUGH WHELAN
Executive Vice President
- --------------------------------------------------------------------------------
WHAT DID THE MARKET DO AND HOW DID THE FUND PERFORM?
The Class A shares of The Hartford LargeCap Growth Fund returned 5.23%, before
sales charge, for the 5 month period ended April 30, 2007, versus 6.31% for its
benchmark, the Russell 1000 Growth Index, and the 5.05% average return of the
Lipper Large-Cap Growth Funds category, a group of funds with investment
strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Since inception on 11/30/2006, the Fund's underperformance was driven primarily
by weak security selection in the industrials and financials sectors coupled
with an overweight (i.e. the Fund's sector position was greater than the
benchmark position) in the Consumer Discretionary sector. However, the Fund did
benefit from strong security selection in the healthcare sector, including an
overweight to Humana Inc.
Among the other positive contributors to relative (i.e. performance of the Fund
as measured against the benchmark) returns were positions in MEMC Electronic
Materials, Inc. and Cummins, Inc. MEMC rose after the company increased its
guidance for the fiscal year during January. Cummins also raised its guidance
after it posted strong results.
Among the largest detractors to relative returns were overweights to US Airways
and First Marblehead Corporation. US Airways fell when it met consensus
estimates, but warned that increased competition would flatten revenue growth
and not allow the airline to pass on increased fuel costs to its passengers in
the future. First Marblehead fell on fears of increased competition from Sallie
Mae which agreed to be bought by a group of private equity investors.
WHAT IS THE OUTLOOK?
The near-term environment for stocks looks challenging. Economic and profit
growth are slowing, and at the same time, labor costs are rising and inflation
continues to worry the Federal Open Market Committee.
Our investment team seeks companies that we believe have compelling stock
characteristics versus the Russell 1000 Growth Index. Our systematic approach
weighs 70 fundamental characteristics across four broad categories, including
business behavior, management behavior, valuation and investor behavior. This
analysis is used to build a broadly diversified portfolio of companies, with
sector weightings determined largely by the attractiveness of specific stocks
within the Fund's investment
55
- --------------------------------------------------------------------------------
universe. The Fund currently has lower price-earnings and price-cash flow
ratios, stronger earnings growth, and lower leverage versus the Russell 1000
Growth Index. We believe this approach will yield attractive risk-adjusted
returns relative to the Index over the long term.
The Fund's current top holdings include Cisco Systems, Inc. and Humana Inc.
Cisco is a top holding primarily due to a combination of strong management
behavior as exhibited by efficient working capital management, attractive
valuations due to superior free cash flow yields, and good business performance
represented by strong profit margins. Humana is a top holding primarily because
of the combination of strong management behavior as exhibited by efficient
working capital management, and attractive valuations, especially free cash flow
yields.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 1.7%
- -------------------------------------------------------------------
Capital Goods 6.8
- -------------------------------------------------------------------
Consumer Cyclical 16.1
- -------------------------------------------------------------------
Consumer Staples 5.3
- -------------------------------------------------------------------
Energy 2.3
- -------------------------------------------------------------------
Finance 14.2
- -------------------------------------------------------------------
Health Care 15.0
- -------------------------------------------------------------------
Services 7.6
- -------------------------------------------------------------------
Technology 26.3
- -------------------------------------------------------------------
Transportation 2.1
- -------------------------------------------------------------------
Utilities 1.3
- -------------------------------------------------------------------
Short-Term Investments 0.9
- -------------------------------------------------------------------
Other Assets & Liabilities 0.4
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
56
The Hartford MidCap Fund**
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM GROWTH OF CAPITAL.
PERFORMANCE OVERVIEW(3) 12/31/97 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
MIDCAP FUND S & P MIDCAP 400 INDEX
----------- ----------------------
12/30/97 9450 10000
9441 10074
9138 9883
9970 10701
10442 11184
4/98 10669 11388
10291 10876
10849 10944
10669 10520
8581 8562
9110 9361
9866 10197
10480 10706
11624 12000
11907 11533
11378 10929
12342 11234
4/99 13277 12120
13438 12173
14358 12825
13951 12552
13753 12122
13450 11748
14235 12346
14991 12994
17455 13766
17406 13379
20126 14315
21353 15513
4/00 20077 14972
19026 14785
20929 15002
21102 15239
23347 16940
23053 16824
22778 16254
20236 15027
21795 16177
22106 16537
20838 15593
19079 14434
4/01 20871 16026
21216 16399
21138 16333
20681 16090
19701 15563
17350 13628
18464 14230
19968 15289
20782 16079
20403 15995
20525 16015
21662 17160
4/02 21383 17080
21495 16791
20146 15562
18040 14054
17951 14126
16425 12988
17272 13550
18843 14334
17662 13745
17416 13344
17260 13026
17394 13136
4/03 18809 14089
20369 15257
20492 15451
20670 16000
21617 16726
21160 16469
22932 17715
23356 18332
23991 18641
24537 19045
24760 19503
24626 19585
4/04 23946 18943
24269 19335
24838 19776
23623 18853
23579 18803
24671 19360
25194 19670
26724 20841
27816 21714
27304 21160
27975 21870
27566 21628
4/05 26621 20787
28146 22039
29158 22550
30398 23734
29909 23470
30421 23650
29943 23142
31887 24273
32335 24440
34129 25881
34197 25664
34822 26304
4/06 35285 26675
33804 25471
33328 25477
32472 24751
33084 25034
33301 25202
34387 26250
35808 27094
35905 26962
37338 27942
37274 28147
37693 28526
4/07 39577 29393
</Table>
<Table>
--- MIDCAP FUND --- S&P MIDCAP 400 INDEX
$9,450 starting value $10,000 starting value
$39,577 ending value $29,393 ending value
</Table>
S&P MIDCAP 400 INDEX is an unmanaged index measuring the performance of the
mid-size company segment of the U.S. market.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR 5 YEAR INCEPTION
- -------------------------------------------------------------
MidCap A# 12/31/1997 12.17% 13.10% 16.60%
- -------------------------------------------------------------
MidCap A## 12/31/1997 6.00% 11.82% 15.89%
- -------------------------------------------------------------
MidCap B# 12/31/1997 11.32% 12.26% NA*
- -------------------------------------------------------------
MidCap B## 12/31/1997 6.70% 12.01% NA*
- -------------------------------------------------------------
MidCap C# 12/31/1997 11.40% 12.35% 15.82%
- -------------------------------------------------------------
MidCap C## 12/31/1997 10.48% 12.35% 15.82%
- -------------------------------------------------------------
MidCap Y# 12/31/1997 12.66% 13.66% 17.15%
- -------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* Inception returns are not applicable for Classes B because
after 8 years Class B converts to Class A.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
** The Hartford MidCap Fund was closed to new investors as of
the end of the day July 31, 2003. Investors who already own
shares of the Fund, and those with access to the Fund
through wrap programs in connection with certain investment
platforms, may purchase additional shares thereafter.
The Fund will continue to offer and sell shares: (1) through
ACH and other similar systematic investment facilities to
investors who established plans to invest through such
facilities prior to August 16, 2004, (2) for reinvestment of
capital gains distributions and income dividends, and (3) to
certain qualified retirement plans that include (or offered)
the Fund as an investment option prior to August 16, 2004.
The Fund continues to pay 12b-1 fees. These fees are paid
for ongoing shareholder services, to compensate brokers for
past sales to reimburse the Fund's distributor for
commissions paid in connection with past sales.
(1) Class C shares commenced operations on 7/31/98. Performance
prior to 7/31/98 reflects Class B performance less Class C
sales charges where applicable.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C and Y shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGER
PHILLIP H. PERELMUTER
Senior Vice President, Partner
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford MidCap Fund returned 15.09%, before sales
charge, for the six-month period ended April 30, 2007, outperforming its
benchmark, the S&P MidCap 400 Index, which returned 11.98% for the same period.
The Fund also outperformed the 11.95% return of the average fund in the Lipper
Mid-Cap Core Funds peer group, a group of funds with investment strategies
similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Robust merger and acquisition activity and a better-than-expected retail
environment helped equity markets end 2006 on a strong note. U.S. equity markets
continued to rise early in 2007 as solid corporate earnings and continued merger
and acquisition activity offset concerns of a weakening housing and credit
environment. For the six months ended April 30, 2007, mid cap stocks led large
cap and small cap stocks as measured by the S&P MidCap 400, S&P 500, and Russell
2000 Indices. During the period all of the S&P MidCap 400 Index sectors showed
positive performance. Materials (+25%), Consumer Staples (+19%), and Energy
(+18%) were among the best performers, while Financials (+5%), Health Care
(+7%), and Consumer Discretionary (+11%) rose the least.
The Fund outperformed its benchmark due to broad-based positive stock selection,
led by favorable results in the Consumer Discretionary, Utilities, and
Industrials sectors. On both a relative (i.e. performance of the Fund as
measured against the benchmark) and absolute (i.e. total return) basis, NRG
Energy (Utilities), Supervalu (Food & Staples), and Foster Wheeler (Capital
Goods) were the top contributors to the Fund's performance during the period.
Shares of Texas-based wholesale power generation company NRG moved higher in
hopes of further merger and acquisition activity following the announced
leveraged buyout for Texas utility firm TXU. The third largest U.S. food
retailer Supervalu saw its shares gain on better-than-expected results due in
part to its acquisition of Albertson's stores. The operating environment for
57
- --------------------------------------------------------------------------------
supermarkets is more favorable than in recent years with improved capital
allocation, reduced capacity and more competitive pricing relative to other
formats. Shares in engineering and construction company Foster Wheeler benefited
from strong spending cycles in global infrastructure and power generation.
The Fund experienced weaker selection in the Materials and Telecommunications
Services sectors. Allocation among sectors had a modest negative impact, largely
due to an underweight (i.e. the Fund's sector position was less than the
benchmark position) to surging Materials stocks. On both a relative and absolute
basis, Barr Pharmaceuticals (Pharmaceuticals) and MoneyGram International
(Software & Services) were the largest detractors from performance. Shares of
generic drug maker Barr Pharmaceuticals stumbled due to concerns about its
acquisition of Croatian drugmaker Pliva. Shares of global payment services firm
MoneyGram International declined due to concerns surrounding immigration reform
and investments in new geographic markets. We maintained our position based on
attractive market dynamics and the global opportunity for money transfer
services. Additionally, our holding in staffing firm Robert Half International
(Commercial Services), which faced concerns of a slowing economy and weakness in
its audit and compliance division, detracted from benchmark-relative results.
Not owning strong performer Martin Marietta (Materials) also hurt relative
results. Among stocks also detracting from absolute performance was
biotechnology stock Vertex Pharmaceuticals, whose share price slid on concerns
over when its hepatitis C drug will go to the market.
WHAT IS THE OUTLOOK?
Our investment approach is predominantly a "bottom-up" process; we pick one
stock at a time based upon the attractiveness of each company's valuation and
fundamentals. At the end of the period the largest overweight (i.e. the Fund's
sector position was greater than the benchmark position) allocations were to the
Industrials, Health Care, and Consumer Staples sectors. The Fund retains an
overweight to Industrials, where our exposure favors commercial services
companies. The Fund's weight in Health Care rose with new purchases of health
care equipment and services companies. We remain underweight Utilities,
Materials, and Financials. Within Financials we have favored diversified
financials stocks, and we remain underweight both Banks and Real Estate.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 7.0%
- -------------------------------------------------------------------
Capital Goods 4.0
- -------------------------------------------------------------------
Consumer Cyclical 19.2
- -------------------------------------------------------------------
Consumer Staples 1.9
- -------------------------------------------------------------------
Energy 4.9
- -------------------------------------------------------------------
Finance 13.6
- -------------------------------------------------------------------
Health Care 11.5
- -------------------------------------------------------------------
Services 19.2
- -------------------------------------------------------------------
Technology 12.2
- -------------------------------------------------------------------
Transportation 2.5
- -------------------------------------------------------------------
Utilities 4.2
- -------------------------------------------------------------------
Short-Term Investments 18.2
- -------------------------------------------------------------------
Other Assets & Liabilities -18.4
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
58
The Hartford MidCap Growth Fund*
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM GROWTH OF CAPITAL.
PERFORMANCE OVERVIEW(2) 7/31/06 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
MIDCAP GROWTH FUND RUSSELL MIDCAP GROWTH INDEX
------------------ ---------------------------
7/31/06 9450 10000
8/06 9658 10230
9/06 9677 10464
10/06 10045 10866
11/06 10717 11292
12/06 10814 11191
1/07 11206 11598
2/07 11340 11573
3/07 11693 11634
4/07 11999 12145
</Table>
<Table>
--- MIDCAP GROWTH FUND --- RUSSELL MIDCAP GROWTH INDEX
$9,450 starting value $10,000 starting value
$11,999 ending value $12,145 ending value
</Table>
RUSSELL MIDCAP GROWTH INDEX measures the performance of those Russell MidCap
companies with higher price-to-book ratios and higher forecasted growth values.
The stocks are members of the Russell 1000 Growth Index.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE INCEPTION
- ---------------------------------------------
MidCap Growth A# 7/31/2006 26.97%
- ---------------------------------------------
MidCap Growth A## 7/31/2006 19.99%
- ---------------------------------------------
MidCap Growth B# 7/31/2006 26.14%
- ---------------------------------------------
MidCap Growth B## 7/31/2006 21.14%
- ---------------------------------------------
MidCap Growth C# 7/31/2006 26.13%
- ---------------------------------------------
MidCap Growth C## 7/31/2006 25.13%
- ---------------------------------------------
MidCap Growth Y# 7/31/2006 27.26%
- ---------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
* As of April 23, 2007, The Hartford MidCap Growth Fund no longer offers its
shares to new investors or existing shareholders, including through ACH and
other similar systematic investment facilities, except in connection with
the reinvestment of capital gains distributions and income dividends.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B, C and Y shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGER
HUGH WHELAN
Executive Vice President
Part of the performance of the Fund is due to purchases of
securities sold in Initial Public Offerings ("IPOs") that
materially affected the performance of the Fund. The effect of
IPOs on the Fund's performance depends on a variety of factors
including the number of IPOs that the Fund invests in, whether
and to what extent a security purchased in an IPO appreciates in
value, and the asset base of the Fund. Although the fund may
purchase IPOs, not all such purchases may materially affect
performance. There is no guarantee that the Fund's investments
in IPOs, if any, will continue to have a similar impact on the
Fund's performance.
- --------------------------------------------------------------------------------
WHAT DID THE MARKET DO AND HOW DID THE FUND PERFORM?
The Class A shares of The Hartford MidCap Growth Fund returned 19.45%, before
sales charge, for the six month period ended April 30, 2007, versus 11.77% for
its benchmark, the Russell MidCap Growth Index, and the 11.38% average return of
the Lipper Mid-Cap Growth Funds category, a group of funds with investment
strategies similar to those of the Fund.
Effective April 2, 2007, Hugh Whelan assumed the portfolio management
responsibilities of the Fund. As a result, the Fund is now managed in a
quantitative investment approach compared to the prior bottom-up stock selection
approach.
WHY DID THE FUND PERFORM THIS WAY?
The Fund benefited from strong security selection in information technology,
industrials, and consumer discretionary sectors offset by weak selection in the
financials sector.
Among the largest contributors to relative returns were overweights in First
Solar Inc. and Orient Express Hotels Ltd. First Solar posted very strong first
quarter results for both top line growth (revenue) and bottom line growth (net
income). Orient Express's price surged as the company received inquiries from
several investors looking to acquire the company.
Among the largest detractors to relative (i.e. performance of the Fund as
measured against the benchmark) returns were an overweight in Rackable Systems,
Inc. and Human Genome Sciences, Inc. Rackable Systems stock tumbled after the
company continued to lower guidance and then missed its lower estimate. Human
Genome Sciences price fell as the company continued to reiterate guidance for
fiscal year 2006.
WHAT IS YOUR OUTLOOK?
The near-term environment for stocks looks challenging. Economic and profit
growth are slowing, and at the same time, labor costs are rising and inflation
continues to worry the Federal Open Market Committee ("The Fed").
Our investment team seeks companies that we believe have compelling stock
characteristics versus the Russell MidCap Growth Index. Our systematic approach
weighs 30 fundamental
59
- --------------------------------------------------------------------------------
characteristics across four broad categories, including business behavior,
management behavior, valuation and investor behavior. This analysis is used to
build a broadly diversified portfolio of companies, with sector weightings
determined largely by the attractiveness of specific stocks within the Fund's
investment universe.
The Fund's current top holdings include overweights to WellCare Group, Inc. and
Humana Inc. WellCare is a top holding primarily due to a combination of strong
management behavior as exhibited by efficient working capital management, and
investor behavior. Humana is a top holding primarily because of their
combination of strong management behavior as exhibited by efficient working
capital management, and attractive valuations, especially free cash flow yields.
The Fund currently has lower price-earnings and price-cash flow ratios, higher
operating and net margins, and lower leverage versus the Russell MidCap Growth
Index. We believe this approach will yield attractive risk-adjusted returns
relative to the Index over the long term.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 7.7%
- -------------------------------------------------------------------
Capital Goods 4.2
- -------------------------------------------------------------------
Consumer Cyclical 16.5
- -------------------------------------------------------------------
Consumer Staples 3.4
- -------------------------------------------------------------------
Energy 7.0
- -------------------------------------------------------------------
Finance 14.9
- -------------------------------------------------------------------
Health Care 8.1
- -------------------------------------------------------------------
Services 13.1
- -------------------------------------------------------------------
Technology 20.5
- -------------------------------------------------------------------
Transportation 1.4
- -------------------------------------------------------------------
Utilities 2.1
- -------------------------------------------------------------------
Short-Term Investments 0.7
- -------------------------------------------------------------------
Other Assets & Liabilities 0.4
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
60
The Hartford MidCap Value Fund*
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM CAPITAL
APPRECIATION.
PERFORMANCE OVERVIEW(2) 4/30/01 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
MIDCAP VALUE FUND RUSSELL 2500 VALUE INDEX
----------------- ------------------------
4/30/01 9450 10000
9507 10307
9535 10406
9374 10337
9091 10248
7815 9111
8014 9306
8685 10022
9384 10593
9422 10690
9592 10823
10121 11493
4/02 10121 11690
9941 11498
9412 11092
8429 9809
8420 9862
7522 9055
7881 9184
8524 9854
8118 9546
7938 9258
7758 9030
7711 9091
4/03 8429 9915
9214 10832
9318 11026
9630 11505
10074 11968
10026 11883
10697 12791
11075 13313
11567 13836
11746 14284
11992 14574
11964 14690
4/04 11538 13921
11756 14201
12228 14765
11699 14171
11501 14349
11916 14802
12181 15070
12865 16302
13365 16821
12865 16280
13405 16686
13232 16464
4/05 12569 15848
13232 16727
13538 17341
14140 18269
14109 17937
14038 17957
13558 17427
14389 18141
14649 18123
15597 19315
15564 19341
15789 20019
4/06 16151 20098
15631 19403
15552 19512
15202 19242
15643 19754
15756 19955
16455 20890
17001 21543
17144 21780
17883 22265
18234 22214
18338 22451
4/07 19064 22921
</Table>
<Table>
--- MIDCAP VALUE FUND --- RUSSELL 2500 VALUE INDEX
$9,450 starting value $10,000 starting value
$19,064 ending value $22,921 ending value
</Table>
RUSSELL 2500 VALUE INDEX measures the performance of those Russell 2500 Index
companies with lower price-to-book ratios and lower forecasted growth values.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR 5 YEAR INCEPTION
- --------------------------------------------------------------
MidCap Value A# 4/30/2001 18.04% 13.49% 12.40%
- --------------------------------------------------------------
MidCap Value A## 4/30/2001 11.55% 12.22% 11.35%
- --------------------------------------------------------------
MidCap Value B# 4/30/2001 17.21% 12.68% 11.61%
- --------------------------------------------------------------
MidCap Value B## 4/30/2001 12.21% 12.43% 11.51%
- --------------------------------------------------------------
MidCap Value C# 4/30/2001 17.21% 12.69% 11.62%
- --------------------------------------------------------------
MidCap Value C## 4/30/2001 16.21% 12.69% 11.62%
- --------------------------------------------------------------
MidCap Value Y# 4/30/2001 18.69% 14.04% 12.94%
- --------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
* As of August 16, 2004, the Fund no longer offers Class A, B
and C shares except as follows: The Fund will continue to
offer and sell shares: (1) through ACH and other similar
systematic investors who established plans to invest through
such facilities prior to August 16, 2004 and (2) for
reinvestment of capital gains distributions and income
dividends.
The Fund continues to pay 12b-1 fees. These fees are paid for
ongoing shareholder services, to compensate brokers for past
sales and to reimburse the Fund's distributor for commissions
paid in connection with past sales.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B, C and Y shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGER
JAMES N. MORDY
Senior Vice President, Partner
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford MidCap Value Fund returned 15.86%, before
sales charge, for the six-month period ended April 30, 2007, outperforming its
benchmark, the Russell 2500 Value Index, which returned 9.72% for the same
period. The Fund also outperformed the 12.88% return of the average fund in the
Lipper Mid-Cap Value Fund peer group, a group of funds with investment
strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
U.S. equities posted positive returns during the period, with mid cap stocks
outperforming small and larger cap stocks, as measured by the S&P 400 Midcap,
Russell 2000 and S&P 500 Indices, respectively. Value stocks continued to
outperform growth during the period, as measured by the Russell 1000 Growth and
Russell 1000 Value Indices. The Utilities, Materials, Energy, Telecommunication
Services, and Industrials sectors outperformed while the Financials, Information
Technology, Health Care and the Consumer (Discretionary and Staples) sectors
lagged, on a relative (i.e. performance of the Fund as measured against the
benchmark) basis, despite posting positive returns.
The Fund's performance was primarily driven by strong stock selection across
seven of the ten broad economic sectors. Security selection was strongest within
Financials, Materials, Information Technology, Industrials and Consumer
Discretionary. Overall sector allocation decisions were additive, particularly
our underweight (i.e. the Fund's sector position was less than the benchmark
position) positions in Financials (mainly due to our lack of exposure in REITS)
and our overweights (i.e. the Fund's sector position was greater than the
benchmark position) in Industrials and Materials.
The top three contributors to both absolute (i.e. total return) and benchmark
relative performance were Varian Semiconductor (Information Technology),
Owens-Illinois (Materials) and R.H. Donnelly (Consumer Discretionary).
Semiconductor Capital Equipment maker Varian's shares rose as the company
continues to gain market share and benefit from industry consolidation.
Packaging company Owens-Illinois' stock surged during the period; reacting to
increased pricing power, a reduction in financial leverage, and management's
divestiture of its specialty plastics business. R.H. Donnelley's shares rose as
fundamentals stabilized following the company's merger with Dex Media and as
investors have become attracted to the company's strong cash flow generation. We
held onto our positions at the end of the period.
The largest detractors from absolute and relative performance included Health
Care stocks Barr Pharmaceuticals and Cooper Industries, and retailer Circuit
City (Consumer Discretionary). Barr Pharmaceutical's stock declined on weaker
than expected
61
- --------------------------------------------------------------------------------
guidance from company management. Cooper Industries stock struggled due to
manufacturing-related delays in its new product pipeline which have led to
earnings disappointments and lack of confidence in management. Circuit City is
out of favor with investors due to its current turnaround effort following heavy
holiday discounting which hurt margins. We initiated a position in Circuit City
during the period and held onto both Barr Pharmaceuticals and Cooper.
WHAT IS THE OUTLOOK?
Our expectation for softer global growth in 2007 appears to be materializing,
led by the U.S. and the other developed markets. While this deceleration is
likely to test the ability of emerging economies to generate growth internally,
we do not expect a global economy in distress. In the U.S., we are presently
most concerned about the housing and mortgage markets. Thus far, we have not
seen significant spillover effects into the rest of the credit markets.
Nevertheless, an increasing supply of unsold homes, coupled with spiraling
sub-prime mortgage credit delinquencies, threaten to extend the housing woes
beyond the current calendar year, despite some evidence that demand for new and
used homes may have started to stabilize. We are currently cautious on the
industrial economy as well, as order trends point to slower capital equipment
investment by corporations. Stable employment indicators signal that the Federal
Reserve will be on hold through 2007 and not look to tighten unless inflation
concerns increase meaningfully.
We adjusted our sector weights, in part to reduce our exposure to areas more
sensitive to the economy, by taking profits in some Information Technology and
Materials names, and to fund new investment opportunities in Consumer and
Telecommunications Services and Media. At the end of the period, our most
significant overweights were in Industrials, Health Care, and Information
Technology, which to us represent the best risk/reward to a slowing economy at
current valuations. Our most notable underweight sectors remain Financials and
Utilities, where we struggle to find undervalued opportunities.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 12.0%
- -------------------------------------------------------------------
Capital Goods 12.7
- -------------------------------------------------------------------
Consumer Cyclical 8.8
- -------------------------------------------------------------------
Consumer Staples 4.2
- -------------------------------------------------------------------
Energy 4.0
- -------------------------------------------------------------------
Finance 17.3
- -------------------------------------------------------------------
Health Care 7.4
- -------------------------------------------------------------------
Services 11.8
- -------------------------------------------------------------------
Technology 13.2
- -------------------------------------------------------------------
Transportation 1.9
- -------------------------------------------------------------------
Utilities 5.3
- -------------------------------------------------------------------
Short-Term Investments 15.7
- -------------------------------------------------------------------
Other Assets & Liabilities -14.3
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
62
The Hartford Retirement Income Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS CURRENT INCOME AND
SECONDARILY, CAPITAL PRESERVATION.
PERFORMANCE OVERVIEW(3) 9/30/05 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS U.S.
RETIREMENT INCOME FUND S&P 500 INDEX AGGREGATE BOND INDEX
---------------------- ------------- --------------------
9/30/05 9450 10000 10000
9334 9833 9921
9383 10205 9965
9441 10208 10059
1/06 9508 10479 10060
9493 10507 10093
9482 10638 9994
4/06 9551 10780 9976
9459 10471 9966
9450 10484 9987
9492 10549 10122
8/06 9626 10800 10277
9687 11078 10367
9803 11439 10436
9944 11656 10557
12/06 9966 11819 10495
10024 12001 10491
10062 11767 10653
10125 11898 10653
4/07 10277 12425 10711
</Table>
<Table>
--- RETIREMENT INCOME FUND -- LEHMAN BROTHERS U.S. AGGREGATE --- S&P 500 INDEX
$9,450 starting value BOND INDEX $10,000 starting value
$10,277 ending value $10,000 starting value $12,425 ending value
$10,711 ending value
</Table>
LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX is an unmanaged index and is composed
of securities from the Lehman Brothers Government/Credit Bond Index,
Mortgage-Backed Securities Index, Asset-Backed Index and Commercial
Mortgage-Backed Securities Index.
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- ---------------------------------------------------------------
Retirement Income A# 9/30/2005 7.61% 5.45%
- ---------------------------------------------------------------
Retirement Income A## 9/30/2005 1.69% 1.75%
- ---------------------------------------------------------------
Retirement Income B# 9/30/2005 6.79% 4.70%
- ---------------------------------------------------------------
Retirement Income B## 9/30/2005 1.79% 2.25%
- ---------------------------------------------------------------
Retirement Income C# 9/30/2005 6.88% 4.76%
- ---------------------------------------------------------------
Retirement Income C## 9/30/2005 5.88% 4.76%
- ---------------------------------------------------------------
Retirement Income R3# 9/30/2005 7.65% 5.65%
- ---------------------------------------------------------------
Retirement Income R4# 9/30/2005 7.72% 5.70%
- ---------------------------------------------------------------
Retirement Income R5# 9/30/2005 7.83% 5.77%
- ---------------------------------------------------------------
Retirement Income Y# 9/30/2005 7.91% 5.82%
- ---------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class R3, R4 and R5 shares commenced operations on 12/22/06.
Performance prior to 12/22/06 reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, R3, R4, R5
and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGERS
HUGH WHELAN
Executive Vice President
EDWARD C. CAPUTO
Assistant Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Target Retirement Income Fund returned 4.83%,
before sales charge, for the six months ended April 30, 2007, versus 4.69% for
the Lipper Mixed-Asset Target Allocation Conservative Funds average, 2.64% for
the Lehman Brothers U.S. Aggregate Bond Index, and 8.60% for the S&P 500 Index.
WHY DID THE FUND PERFORM THIS WAY?
The Fund's structure allows for investment across all market capitalizations and
styles, both within the U.S. and internationally. This diversification is
designed to enhance the long-term return and risk characteristics of the Fund.
Generally, the Fund's target asset allocation is set at approximately 30% equity
and 70% fixed-income. The Fund's equity allocation is structured around five
equity indexes. For the six month period, the MSCI EAFE Index (international
equities) was up 15.68%; the Russell MidCap Index (U.S. mid cap equities) was up
12.24%; the Russell 1000 Value Index (U.S. large cap equities) was up 9.79%; the
Russell 1000 Growth Index (U.S. large cap equities) was up 8.42%; and the
Russell 2000 Index (U.S. small cap equities) was up 6.86%. The Fund benefited
from its international and mid cap equity exposure, as well as its large cap
value bias.
On the fixed income side, the yield curve steepened during the period, with the
yield on the five year Treasury note decreasing five basis points to 4.51% and
the yield on the 10-year Treasury note increasing two basis points to 4.62%.
Within the major sectors of the Lehman Brothers U.S. Aggregate Bond Index,
mortgage backed securities were the top performers, while U.S. Treasuries were
the worst. The fixed income allocation is structured around six fixed income
indices. For the six month period, the best performer was the Lehman Brothers
High Yield Index (up 6.88%), followed by the CSFB Leveraged Loan Index (up
3.98%), Lehman Brothers U.S. Aggregate Bond Index (up 2.64%), Merrill Lynch
3-Month U.S. Treasury Bill Index (up 2.62%), Lehman Brothers 1-3 Year Government
Index (up 2.34%), and Lehman U.S. TIPS (Treasury Inflation Protected Securities)
Index (up 2.07%). Consequently, the Fund benefited from its allocation to high
yield and floating rate notes, while the other asset classes underperformed the
Fund's fixed income benchmark. The Fund's duration (i.e. sensitivity to changes
in interest rates) is targeted to be less than the Lehman Brothers U.S.
Aggregate Bond Index
63
- --------------------------------------------------------------------------------
based on risk preferences of the Fund. For the period, short duration
positioning detracted from overall performance.
Besides the asset allocation decision, the Fund's performance is also influenced
by the performance of the underlying active fund mangers. In keeping with the
Fund's long-term approach, we typically use cash flows to reallocate among the
underlying funds. However, a hard rebalance (i.e. a fund rebalancing to move the
underlying fund investments to their target allocation percentages) was
performed in November to align the actual allocations with our targets.
WHAT IS THE OUTLOOK?
Economic data continues to suggest weaker growth ahead, a trend that began in
the first quarter of the year. Additionally, the Federal Reserve concluded at
its March meeting that business executives are pessimistic about sales growth,
which poses a downside risk to the economy. Other risks going forward include
the potential effects of the ongoing troubles within the housing sector as well
as persistently high energy and food costs, which could sap consumer spending.
Although business activity has been sluggish, strong consumption supports
growth. And while recent CPI data suggests some moderation in core inflation,
inflationary pressures remain elevated. Unless these pressures ease, we believe
it is unlikely that the Federal Reserve will cut rates in the foreseeable
future, as many are anticipating. While we do not feel that the economy is
headed for a recession, our outlook for growth and interest rates is biased to
the lower side.
While we intend to stay within a limited range about our target asset class
ranges, we will make incremental changes to asset class and individual fund
allocation according to our outlook and the Fund's objective to provide income
for retirees.
COMPOSITION BY UNDERLYING FUND
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
FUND NAME NET ASSETS
- -------------------------------------------------------------------
Hartford Capital Appreciation Fund, Class Y 7.6%
- -------------------------------------------------------------------
Hartford Floating Rate Fund, Class Y 7.2
- -------------------------------------------------------------------
Hartford Global Leaders Fund, Class Y 1.6
- -------------------------------------------------------------------
Hartford Growth Opportunities Fund, Class Y 4.1
- -------------------------------------------------------------------
Hartford Income Fund, Class Y 10.6
- -------------------------------------------------------------------
Hartford Inflation Plus Fund, Class Y 12.0
- -------------------------------------------------------------------
Hartford International Opportunities Fund, Class Y 1.9
- -------------------------------------------------------------------
Hartford International Small Company Fund, Class Y 1.9
- -------------------------------------------------------------------
Hartford Select MidCap Value Fund, Class Y 1.7
- -------------------------------------------------------------------
Hartford Short Duration Fund, Class Y 23.4
- -------------------------------------------------------------------
Hartford Small Company Fund, Class Y 2.4
- -------------------------------------------------------------------
Hartford Total Return Bond Fund, Class Y 12.3
- -------------------------------------------------------------------
Hartford Value Fund, Class Y 9.4
- -------------------------------------------------------------------
Other Assets & Liabilities 3.9
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
64
The Hartford Select MidCap Growth Fund
(subadvised by: Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM CAPITAL APPRECIATION.
PERFORMANCE OVERVIEW(2) 1/1/05 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
SELECT MIDCAP GROWTH FUND RUSSELL MIDCAP GROWTH INDEX
------------------------- ---------------------------
1/1/05 9450 10000
9168 9732
9272 9979
9149 9833
4/05 8717 9444
9168 9985
9290 10170
9779 10764
8/05 9732 10698
9826 10837
9525 10518
10081 11088
12/05 10110 11210
10660 11881
10650 11735
11001 12063
4/06 11039 12114
10384 11544
10327 11497
9910 11085
8/06 10128 11340
10403 11599
10698 12044
11203 12517
12/06 11143 12404
11579 12856
11519 12828
11678 12895
4/07 12034 13462
</Table>
<Table>
--- SELECT MIDCAP GROWTH FUND --- RUSSELL MIDCAP GROWTH INDEX
$9,450 starting value $10,000 starting value
$12,034 ending value $13,462 ending value
</Table>
RUSSELL MIDCAP GROWTH INDEX is an unmanaged index measuring the performance of
the mid-size company segment of the U.S. market.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- ----------------------------------------------------------
Select MidCap Gro
A#................. 1/1/2005 9.01% 10.95%
- ----------------------------------------------------------
Select MidCap Gro
A##................ 1/1/2005 3.02% 8.29%
- ----------------------------------------------------------
Select MidCap Gro
B#................. 1/1/2005 8.30% 10.23%
- ----------------------------------------------------------
Select MidCap Gro
B##................ 1/1/2005 3.30% 9.09%
- ----------------------------------------------------------
Select MidCap Gro
C#................. 1/1/2005 8.03% 10.12%
- ----------------------------------------------------------
Select MidCap Gro
C##................ 1/1/2005 7.03% 10.12%
- ----------------------------------------------------------
Select MidCap Gro
Y#................. 1/1/2005 9.49% 11.37%
- ----------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B, C and Y shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGER HUGH WHELAN, Executive Vice President
Performance information may reflect historical or current
expense waivers/reimbursements from the investment adviser,
without which performance would have been lower. For information
on current expense waivers/reimbursements, please see the
prospectus.
- --------------------------------------------------------------------------------
WHAT DID THE MARKET DO AND HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Select MidCap Growth Fund returned 12.49%,
before sales charge, for the six month period ended April 30, 2007, versus
11.77% for its benchmark, the Russell MidCap Growth Index, and the 11.38%
average return of the Lipper Mid-Cap Growth Funds category, a group of funds
with investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
The Fund has benefited from security selection in the healthcare and utilities
sectors. Weak security selection in the financials and consumer staples sectors
detracted from performance.
Among the largest contributors to relative (i.e. performance of the Fund as
measured against the benchmark) returns were overweights to ImClone Systems
Incorporated and NRG Energy, Inc. ImClone rallied after Amgen canceled a
clinical trial involving its rival drug to ImClone's Erbitux. NRG rose on strong
first quarter results and buyout rumors.
Among the largest detractors to relative returns were an overweight to First
Marblehead Corporation and an underweight to Amazon.com, Inc. First Marblehead
fell on fears of increased competition from Sallie Mae which agreed to be bought
by a group of private equity investors. Amazon rose after its first quarter
profit more than doubled and sales rose by almost one-third.
WHAT IS THE OUTLOOK?
The near-term environment for stocks looks challenging. Economic and profit
growth are slowing, and at the same time, labor costs are rising and inflation
continues to worry the Federal Open Market Committee.
Our investment team seeks companies that we believe have compelling stock
characteristics versus the Russell MidCap Growth Index. Our systematic approach
weighs 30 fundamental characteristics across four broad categories, including
business behavior, management behavior, valuation and investor behavior. This
analysis is used to build a broadly diversified portfolio of companies, with
sector weightings determined largely by the attractiveness of specific stocks
within the Fund's investment universe.
The Fund's current top holdings include overweights to WellCare Group, Inc. and
Humana Inc. WellCare is a top holding primarily due to a combination of strong
management behavior as exhibited by efficient working capital management, and
investor behavior. Humana is a top holding primarily because of their
combination of strong management behavior as exhibited by efficient working
capital management, and attractive valuations, especially free cash flow yields.
The Fund currently has lower price-earnings and price-cash flow ratios, higher
operating and net margins, and lower leverage versus the Russell MidCap Growth
Index. We believe this approach will yield attractive risk-adjusted returns
relative to the Index over the long term.
65
- --------------------------------------------------------------------------------
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 7.3%
- -------------------------------------------------------------------
Capital Goods 4.3
- -------------------------------------------------------------------
Consumer Cyclical 16.8
- -------------------------------------------------------------------
Consumer Staples 3.1
- -------------------------------------------------------------------
Energy 6.9
- -------------------------------------------------------------------
Finance 16.2
- -------------------------------------------------------------------
Health Care 7.3
- -------------------------------------------------------------------
Services 12.9
- -------------------------------------------------------------------
Technology 21.5
- -------------------------------------------------------------------
Transportation 1.3
- -------------------------------------------------------------------
Utilities 2.1
- -------------------------------------------------------------------
Short-Term Investments 22.0
- -------------------------------------------------------------------
Other Assets & Liabilities -21.7
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
66
The Hartford Select MidCap Value Fund
(subadvised by: Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM CAPITAL APPRECIATION.
PERFORMANCE OVERVIEW(2) 4/29/05 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
SELECT MIDCAP VALUE FUND RUSSELL MIDCAP VALUE INDEX
------------------------ --------------------------
4/29/05 9450 10000
9450 10000
9847 10413
10074 10754
10452 11266
8/05 10423 11178
10518 11330
10197 10983
10607 11370
12/05 10673 11481
11050 11979
11098 12092
11379 12356
4/06 11543 12475
11204 12214
11156 12287
10992 12217
8/06 11301 12560
11533 12720
11997 13236
12377 13663
12/06 12548 13802
12951 14227
12910 14312
12991 14473
4/07 13484 14927
</Table>
<Table>
--- SELECT MIDCAP VALUE FUND --- RUSSELL MIDCAP VALUE INDEX
$9,450 starting value $10,000 starting value
$13,484 ending value $14,927 ending value
</Table>
RUSSELL MIDCAP VALUE INDEX measures the performance of those Russell Midcap
companies with lower price-to-book ratios and lower forecasted growth rate.
These stocks are also members of the Russell 1000 Value Index.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- -----------------------------------------------------------
Select MidCap Val A# 4/29/2005 16.83% 19.43%
- -----------------------------------------------------------
Select MidCap Val A## 4/29/2005 10.40% 16.10%
- -----------------------------------------------------------
Select MidCap Val B# 4/29/2005 16.00% 18.57%
- -----------------------------------------------------------
Select MidCap Val B## 4/29/2005 11.00% 17.30%
- -----------------------------------------------------------
Select MidCap Val C# 4/29/2005 15.90% 18.57%
- -----------------------------------------------------------
Select MidCap Val C## 4/29/2005 14.90% 18.57%
- -----------------------------------------------------------
Select MidCap Val Y# 4/29/2005 17.00% 19.74%
- -----------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B, C and Y shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGER HUGH WHELAN, Executive Vice President
Performance information may reflect historical or current
expense waivers/reimbursements from the investment adviser,
without which performance would have been lower. For information
on current expense waivers/reimbursements, please see the
prospectus.
- --------------------------------------------------------------------------------
WHAT DID THE MARKET DO AND HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Select MidCap Value Fund returned 12.40%,
before sales charge, for the six month period ended April 30, 2007, versus
12.78% for its benchmark, the Russell MidCap Value Index, and the 12.21% average
return of the Lipper Mid-Cap Core Funds category, a group of funds with
investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
During the past six months, overweights (i.e. the Fund's sector position was
greater than the benchmark position) to the financial sector and underweights
(i.e. the Fund's sector position was less than the benchmark position) to the
utilities and materials sectors were detractors from relative (i.e. performance
of the Fund as measured against the benchmark) performance. However, security
selection in the energy, industrials and consumer staples sectors drove the
portfolio to a positive relative result.
Among the largest contributors to relative performance were overweights to
Tesoro Corporation and Carolina Group. Tesoro rose as it announced strong fourth
quarter results and expansion plans which favorably impressed investors.
Carolina Group rose after it reported earnings that beat analyst expectations.
Among the largest detractors to relative performance were overweights to Lexmark
International Inc. and New Century Financial Corporation. Lexmark fell after it
reported weak quarterly results and revised downward its earnings forecast. New
Century fell sharply after it announced that it was having difficulty financing
operations because of a rise in defaults and difficulty in securing new credit.
WHAT IS THE OUTLOOK?
The near-term environment for stocks looks challenging. Economic and profit
growth are slowing, and at the same time, labor costs are rising and inflation
continues to worry the Federal Open Market Committee.
Our investment team seeks companies that we believe have compelling stock
characteristics versus the Russell MidCap Value Index. Our systematic approach
weighs 80 fundamental characteristics across four broad categories, including
business behavior, management behavior, valuation and investor behavior. This
analysis is used to build a broadly diversified portfolio of companies, with
sector weightings determined largely by the attractiveness of specific stocks
within the Fund's investment universe. We believe will this approach will yield
attractive risk-adjusted returns relative to the Russell Midcap Value Index over
the long term.
The Fund's current top holdings include overweights to AmeriCredit Corporation
and Comerica Inc. These stocks are top holdings primarily because of their
combination of attractive valuations and investor recognition characteristics.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 4.5%
- -------------------------------------------------------------------
Capital Goods 7.0
- -------------------------------------------------------------------
Consumer Cyclical 7.3
- -------------------------------------------------------------------
Consumer Staples 7.3
- -------------------------------------------------------------------
Energy 6.3
- -------------------------------------------------------------------
Finance 37.9
- -------------------------------------------------------------------
Health Care 2.2
- -------------------------------------------------------------------
Services 5.0
- -------------------------------------------------------------------
Technology 9.0
- -------------------------------------------------------------------
Transportation 1.5
- -------------------------------------------------------------------
Utilities 11.6
- -------------------------------------------------------------------
Short-Term Investments 10.3
- -------------------------------------------------------------------
Other Assets & Liabilities -9.9
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
66
The Hartford Select SmallCap Value Fund
(subadvised by: Kayne Anderson Rudnick Investment Management, LLC
Metropolitan West Capital Management, LLC
SSgA Funds Management, Inc.)
INVESTMENT OBJECTIVE -- SEEKS CAPITAL APPRECIATION.
PERFORMANCE OVERVIEW(2) 7/31/06 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
SELECT SMALLCAP VALUE FUND RUSSELL 200 VALUE INDEX
-------------------------- -----------------------
7/31/06 9450 10000
9667 10299
9800 10399
10/06 10357 10929
10661 11240
10670 11338
1/07 10983 11508
10907 11367
11068 11504
4/07 11220 11623
</Table>
<Table>
--- SELECT SMALLCAP VALUE FUND --- RUSSELL 2000 VALUE INDEX
$9,450 starting value $10,000 starting value
$11,220 ending value $11,623 ending value
</Table>
RUSSELL 2000 VALUE INDEX is a broad-based unmanaged index comprised of 2,000 of
the smallest U.S. domiciled company common stocks (on the basis of
capitalization) that are traded in the United States on the New York Stock
Exchange. American Stock Exchange and Nasdaq.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE INCEPTION
- -----------------------------------------------------
Select SmallCap Value A# 7/31/2006 18.73%
- -----------------------------------------------------
Select SmallCap Value A## 7/31/2006 12.20%
- -----------------------------------------------------
Select SmallCap Value B# 7/31/2006 17.93%
- -----------------------------------------------------
Select SmallCap Value B## 7/31/2006 12.93%
- -----------------------------------------------------
Select SmallCap Value C# 7/31/2006 18.03%
- -----------------------------------------------------
Select SmallCap Value C## 7/31/2006 17.03%
- -----------------------------------------------------
Select SmallCap Value Y# 7/31/2006 18.98%
- -----------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B, C and Y shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGERS
KAYNE ANDERSON RUDNICK INVESTMENT
MANAGEMENT, LLC
ROBERT A. SCHWARZKOPF
Managing Director
SANDI L. GLEASON
METROPOLITAN WEST CAPITAL MANAGEMENT, LLC
GARY W. LISENBEE
President
SAMIR SIKKA
Senior Vice President
SSGA FUNDS MANAGEMENT, INC.
RIC THOMAS
Principal
CHUCK MARTIN
Principal
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
Class A shares of The Hartford Select SmallCap Value Fund returned 8.33%, before
sales charge, for the six month period ended April 30, 2007. The Fund
outperformed the 6.36% return of the Russell 2000 Value Index and underperformed
the 9.26% return of the Lipper Small Cap Value peer group average.
WHY DID THE FUND PERFORM THIS WAY?
U.S. equities posted positive returns during the period, with mid cap stocks
outperforming small and larger cap stocks, as measured by the S&P 400 Midcap,
Russell 2000 and S&P 500 indices, respectively. Within small cap stocks, growth
stocks outpaced value during the period, as measured by the Russell 2000 Growth
(7.42%) and Russell 2000 Value (6.36%) indices. While all but one economic
sector in the Russell 2000 Value Index advanced over the semi-annual period,
performance varied widely by sector. Materials stocks in the Index gained 26.3%
on average over the six-month period. Due in large part to sub-prime mortgage
woes, the Financials sector posted a total return of -3.0%.
Stock selection was the primary driver of our performance during the year.
Syntel (a business provider of information technology services and one of our
largest holdings) and ABM Industries (a facility services contractor) were top
relative (i.e. performance of the Fund as measured against the benchmark)
performers as a result of posting strong financial results and increasing
earnings guidance. Other strong performers for the Fund included Tempur-Pedic
International (a mattress and pillow manufacturer) and First Republic Bank (a
San Francisco-based commercial bank and wealth management firm). Tempur-Pedic
rose during the period due to continued strong financial results and an
initiation of a share repurchase program. In January 2007, Merrill Lynch made an
offer to buy First Republic Bank. The $55 per share cash offer represented a 44%
premium over the stock price prior to the
67
- --------------------------------------------------------------------------------
announcement. We sold this position during the period as the stock approached
our intrinsic value target.
Performance also benefited from the Fund's underweight in the Financials sector
relative to the Russell 2000 Value Index as the sector continued to underperform
the market over the period. The Fund's average weight in financials was 25%, as
compared to 34% for the benchmark.
Detractors from performance included Corus Bankshares (a bank holding company)
and Young Innovations (a manufacturer of dentistry supplies and equipment).
Corus fell due to poor financials results from the slowdown in the residential
housing market. Young Innovations decreased on analyst downgrades due to lowered
earnings guidance resulting from lower than expected sales and higher than
expected costs from consolidation activities.
WHAT IS THE OUTLOOK?
After reaching peak profitability in 2006, corporate profits broke a string of
double-digit increases in operating earnings, as the companies in the S&P 500
Index posted single-digit profit gains in the fourth quarter of 2006 for the
first time in 18 quarters. In the past, a decelerating profit environment has
prompted investors to rotate to higher quality companies because of their
dependable earnings streams. Currently, the Fund's overweight positions relative
to the benchmark was in Industrials, Energy and Health Care. Conversely, the
Fund's largest underweight position relative to the benchmark continues to be in
Financials, which we consider unattractive given above-average historical
valuations, rising credit costs, and the slowdown in the housing market. We
believe that the complementary style of the three subadvisors provides the Fund
with a well positioned portfolio in this environment to add value relative to
the market and its peers.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 8.2%
- -------------------------------------------------------------------
Capital Goods 6.0
- -------------------------------------------------------------------
Consumer Cyclical 13.0
- -------------------------------------------------------------------
Consumer Staples 2.3
- -------------------------------------------------------------------
Energy 4.4
- -------------------------------------------------------------------
Finance 24.1
- -------------------------------------------------------------------
Health Care 4.7
- -------------------------------------------------------------------
Investment Pools and Funds 1.5
- -------------------------------------------------------------------
Services 14.3
- -------------------------------------------------------------------
Technology 8.5
- -------------------------------------------------------------------
Transportation 4.3
- -------------------------------------------------------------------
Utilities 2.0
- -------------------------------------------------------------------
Short-Term Investments 6.4
- -------------------------------------------------------------------
Other Assets & Liabilities 0.3
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
68
The Hartford Short Duration Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS TO PROVIDE A HIGH LEVEL OF INCOME.
PERFORMANCE OVERVIEW(2) 10/31/02 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS 1-5 YEAR U.S.
SHORT DURATION FUND GOVERNMENT/CREDIT INDEX
------------------- -----------------------------
10/31/02 9700 10000
9676 9987
9829 10145
9842 10150
9945 10244
9963 10262
4/03 10023 10312
10130 10430
10143 10442
10008 10296
10013 10300
10186 10474
10134 10406
10131 10406
10209 10485
10254 10527
10319 10609
10365 10667
4/04 10242 10494
10220 10467
10236 10481
10283 10541
10356 10662
10346 10662
10377 10713
10329 10638
10357 10679
10358 10676
10350 10635
10343 10609
4/05 10404 10694
10424 10756
10448 10787
10440 10730
10483 10824
10490 10770
10472 10744
10511 10784
10542 10832
10561 10846
10578 10851
10587 10846
4/06 10629 10876
10652 10885
10688 10903
10743 11004
10797 11106
10860 11176
10893 11227
10952 11304
10959 11289
11010 11307
11081 11426
11102 11465
4/07 11146 11512
</Table>
<Table>
--- SHORT DURATION FUND --- LEHMAN BROTHERS 1-5 YEAR U.S.
$9,700 starting value GOVERNMENT/CREDIT INDEX
$11,146 ending value $10,000 starting value
$11,512 ending value
</Table>
LEHMAN BROTHERS 1-5 YEAR U.S. GOVERNMENT/CREDIT INDEX is an unmanaged index
comprised of the U.S. Government/Credit component of the U.S. Aggregate Index.
The Hartford Government/Credit Index includes securities in the 1-5 year
maturity range in the Government and Credit Indices.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- --------------------------------------------------------
Short Duration A# 10/31/2002 4.86% 3.14%
- --------------------------------------------------------
Short Duration A## 10/31/2002 1.71% 2.44%
- --------------------------------------------------------
Short Duration B# 10/31/2002 4.06% 2.39%
- --------------------------------------------------------
Short Duration B## 10/31/2002 -0.94% 1.98%
- --------------------------------------------------------
Short Duration C# 10/31/2002 4.06% 2.39%
- --------------------------------------------------------
Short Duration C## 10/31/2002 3.06% 2.39%
- --------------------------------------------------------
Short Duration Y# 11/28/2003 5.25% 3.08%
- --------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B, C and Y shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGERS
ROBERT CRUSHA
Vice President
BRIAN DIRGINS
Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Short Duration Fund returned 2.32%, before
sales charge, for the six-month period ended April 30, 2007, versus the 2.41%
return of its benchmark, the Lehman Brothers 1-5 Year U.S. Government/Credit
Index, and the 2.42% average return of the Lipper Short Investment Grade Debt
Funds category, a group of funds with investment strategies similar to those of
the Fund.
WHY DID THE FUND PERFORM THIS WAY?
The largest drivers of the Fund's performance relative (i.e. performance of the
Fund as measured against the benchmark) to the Lehman Brothers 1-5 Year U.S.
Government/Credit Index were its sector allocation and duration (i.e.
sensitivity to changes in interest rates) positioning. During the period we
selectively increased our exposure to non-government issuers, taking advantage
of cheaper (more attractive) asset valuations in the wake of turmoil in the
sub-prime mortgage market. At the same time, we reduced our exposure to
Treasuries and cash. Our positions in the investment grade corporate sector, as
well as the out-of-benchmark allocations to asset backed securities (ABS),
mortgage backed securities (MBS), and commercial mortgage backed securities
(CMBS), were the primary drivers of portfolio yield. An underweight (i.e. the
Fund's sector position was less than the benchmark position) to Treasuries in
favor of the aforementioned sectors also resulted in enhanced yield.
The Fund's shorter duration of 1.06 years at the end of the period versus the
Index duration of 2.32 years detracted from performance as yields on the short
end of the yield curve decreased by 9 to 10 basis points during the six-month
period.
WHAT IS THE OUTLOOK?
Economic data continues to suggest that while growth has slowed, we are not
necessarily headed into a recession. In recent months, the sub-prime housing
sector has had the most significant impact on the markets, but we do not expect
this to spill over into the larger macro economy. We will continue to look for
signs of spread widening (i.e. short and long term interest rates moving farther
apart), at which point we will add to our exposure to "spread product" (issues
yielding more than Treasuries) while continuing to reduce both our Treasury and
cash positions. With slowing growth and a sluggish housing market, we do not
feel that an easing by the Federal Open Market Committee ("the Federal Reserve")
is imminent. If the Federal Reserve does in fact ease, we
69
- --------------------------------------------------------------------------------
believe it will not occur, at the least, until early 2008. Given this outlook,
as well as the inverted shape of the yield curve where two-and three-year
Treasuries are yielding less than cash, we will likely keep the Fund's duration
significantly shorter than that of the benchmark.
DISTRIBUTION BY CREDIT QUALITY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
RATING HOLDINGS
- -------------------------------------------------------------------
AAA 41.1%
- -------------------------------------------------------------------
AA 4.2
- -------------------------------------------------------------------
A 17.9
- -------------------------------------------------------------------
BBB 30.8
- -------------------------------------------------------------------
BB 0.3
- -------------------------------------------------------------------
NR 5.7
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 1.6%
- -------------------------------------------------------------------
Capital Goods 0.2
- -------------------------------------------------------------------
Consumer Cyclical 2.3
- -------------------------------------------------------------------
Consumer Staples 0.4
- -------------------------------------------------------------------
Energy 2.3
- -------------------------------------------------------------------
Finance 62.7
- -------------------------------------------------------------------
Health Care 1.0
- -------------------------------------------------------------------
Services 3.1
- -------------------------------------------------------------------
Technology 2.2
- -------------------------------------------------------------------
Transportation 0.6
- -------------------------------------------------------------------
U.S. Government Agencies 9.8
- -------------------------------------------------------------------
U.S. Government Securities 6.0
- -------------------------------------------------------------------
Utilities 1.7
- -------------------------------------------------------------------
Short-Term Investments 5.8
- -------------------------------------------------------------------
Other Assets & Liabilities 0.3
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
70
The Hartford Small Company Fund
(subadvised by: Wellington Management Company, LLP
Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS GROWTH OF CAPITAL.
PERFORMANCE OVERVIEW(3) 4/30/97 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
SMALL COMPANY FUND RUSSELL 2000 GROWTH INDEX
------------------ -------------------------
4/30/97 9450 10000
10469 11503
11083 11893
11621 12502
11894 12878
12913 13905
12385 13070
12168 12758
12014 12766
11718 12595
12884 13707
13398 14282
4/98 13575 14370
12913 13326
13102 13462
12643 12338
9552 9490
10380 10452
11207 10997
11965 11850
13271 12923
13850 13504
12484 12269
13511 12705
4/99 14618 13828
14927 13849
16113 14579
16093 14128
15864 13600
16183 13862
16741 14217
18647 15720
21986 18491
21342 18319
25088 22581
24713 20208
4/00 22480 18167
19968 16577
22784 18718
20954 17114
22616 18914
21628 17974
20292 16515
17767 13517
19101 14344
18254 15505
16235 13379
14831 12163
4/01 16850 13652
16629 13968
16889 14349
15972 13125
15299 12305
12884 10320
13929 11313
15264 12257
16077 13020
15821 12557
15078 11744
16181 12765
4/02 15775 12489
15171 11759
14115 10761
11828 9107
11596 9103
11120 8446
11526 8873
12234 9753
11167 9080
10865 8833
10644 8598
11016 8728
4/03 12188 9554
13546 10631
13976 10835
14974 11654
15717 12280
15136 11970
16576 13004
17040 13428
17353 13488
18050 14196
18073 14174
18421 14240
4/04 17469 13526
17783 13795
18178 14254
16680 12974
15960 12695
17202 13397
17516 13722
18514 14882
19327 15417
18270 14723
18874 14925
18619 14365
4/05 17818 13451
19025 14399
20093 14865
21312 15904
21381 15680
21973 15804
21416 15220
22728 16081
23296 16058
25397 17606
25212 17513
26314 18364
4/06 26825 18311
25420 17022
24794 17032
23772 16148
24028 16621
24120 16733
25049 17817
26058 18244
26490 18200
27238 18539
27340 18480
27720 18651
4/07 28393 19140
</Table>
<Table>
--- SMALL COMPANY FUND --- RUSSELL 2000 GROWTH INDEX
$9,450 starting value $10,000 starting value
$28,393 ending value $19,140 ending value
</Table>
RUSSELL 2000 GROWTH INDEX is an unmanaged index of those Russell 2000 Index
growth companies with higher price-to-book ratios and higher forecasted growth
values.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION 1 5 10 SINCE
DATE YEAR YEAR YEAR INCEPTION
- -------------------------------------------------------------------
Small Co A# 7/22/1996 5.84% 12.47% 11.62% 11.45%
- -------------------------------------------------------------------
Small Co A## 7/22/1996 0.02% 11.20% 10.99% 10.87%
- -------------------------------------------------------------------
Small Co B# 7/22/1996 5.00% 11.64% NA* NA*
- -------------------------------------------------------------------
Small Co B## 7/22/1996 0.23% 11.38% NA* NA*
- -------------------------------------------------------------------
Small Co C# 7/22/1996 5.04% 11.64% 10.85% 10.68%
- -------------------------------------------------------------------
Small Co C## 7/22/1996 4.08% 11.64% 10.85% 10.68%
- -------------------------------------------------------------------
Small Co I# 7/22/1996 6.08% 12.52% 11.65% 11.47%
- -------------------------------------------------------------------
Small Co R3# 7/22/1996 6.05% 12.92% 12.12% 11.95%
- -------------------------------------------------------------------
Small Co R4# 7/22/1996 6.14% 12.94% 12.12% 11.95%
- -------------------------------------------------------------------
Small Co R5# 7/22/1996 6.28% 12.97% 12.14% 11.97%
- -------------------------------------------------------------------
Small Co Y# 7/22/1996 6.32% 12.98% 12.14% 11.97%
- -------------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* 10 year and inception returns are not applicable for Class B
because after 8 years Class B converts to Class A.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class C shares commenced operations on 7/31/98. Performance
prior to 7/31/98 reflects Class B performance less Class C
sales charges where applicable. Class I shares commenced
operations on 8/31/06. Performance prior to 8/31/06 reflects
Class A performance. Class R3, R4 and R5 shares commenced
operations on 12/22/06. Performance prior to 12/22/06
reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, R3, R4,
R5 and Y shares will vary from results seen above due to
differences in the expenses charges to these share classes.
PORTFOLIO MANAGERS
WELLINGTON MANAGEMENT COMPANY, LLP
STEVEN C. ANGELI, CFA
Senior Vice President, Partner
STEPHEN C. MORTIMER
Vice President
MARIO E. ABULARACH, CFA
Vice President
HARTFORD INVESTMENT MANAGEMENT COMPANY
HUGH WHELAN
Executive Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of the Hartford Small Company Fund returned 13.35%, before
sales charge, for the six-month period ended April 30, 2007, outperforming its
benchmark, the Russell 2000 Growth Index, which returned 7.43% for the same
period. The Fund also outperformed the 9.16% return of the average fund in the
Lipper Small Cap Growth Funds peer group, a group of funds with investment
strategies similar to those of the Fund.
Effective April 2, 2007, Hugh Whelan assumed the portfolio management
responsibilities for the Hartford Investment Management sleeve of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
While most major indices posted positive results during the period, returns were
marked by volatility. The markets were roiled by the subprime shakeout, a
slowing U.S. economy, and sentiment swings in emerging markets. Despite this
environment, nine out of the ten sectors in the benchmark, the Russell 2000
Growth Index, posted positive returns for the period, led by Materials (+21%),
Utilities (+12%), and Information Technology (+11%). The laggards in this
environment were Telecommunication Services (-4%), Financials (+0%), and Health
Care (+4%).
The Fund's outperformance was primarily due to positive stock selection;
relative sector exposure did not have a meaningful impact on benchmark-relative
(i.e. performance of the Fund as measured against the benchmark) returns.
Security selection was
71
- --------------------------------------------------------------------------------
positive in nine out of the ten broad sectors, particularly in the Consumer
Discretionary, Industrials, and Information Technology sectors. Performance was
modestly impacted by poor stock selection in Health Care sector.
Among the top relative and absolute (i.e. total return) contributors to
performance during the period were TeleTech Holdings (Commercial Services &
Supplies) and Terra Industries (Materials). TeleTech, a global operator of
outsourced call centers for large customers in various industries, is benefiting
from a competitive advantage rooted in its global scale and technology. We feel
that the market is beginning to recognize improving profitability as it
transitions to low-cost offshore locations. Terra Industries, a major U.S.
provider of nitrogen fertilizers to the agricultural supply chain, benefited
from increasing demand for ethanol which drove higher corn prices, higher corn
plantings, and greater need for soil nutrients. Among other top relative
contributors was Copa Holdings (Transportation). Panamanian airline Copa rose
with strong traffic and load factors. The company is benefiting from Panama's
rise as a north-south hub complex and the successful restructuring of a recently
acquired Colombian airline. Experienced management, a young fleet, and capacity
additions should provide strong growth. Another strong contributor to
performance was Chinese media company Focus Media. Shares roses after the
company reported a surge in profits.
Stocks with the largest negative absolute and relative impacts were MoneyGram
(Software & Services), AtheroGenics (Pharma, Bio, & Life Sciences), and The
Children's Place (Retailing). Shares of global payment services company
MoneyGram dipped after the company reported a decrease in net income for the
first quarter and an increase in expenses. Pharmaceutical company AtheroGenics'
stock price fell after its proposed drug to fight heart disease failed in a
study. Shares of The Children's Place retailer fell after December same-store
sales declined. Sales rose more slowly than a year earlier due to a mild winter,
which hurt demand for cold-weather clothes. We continued to hold all three
securities at the end of the period.
WHAT IS THE OUTLOOK?
The Fund focuses on stocks of companies we see as having unique business models
or special market opportunities that should allow them to deliver superior
growth. As such, changes in the overall positioning of the Fund are the result
of bottom up stock decisions as opposed to top-down macro themes. On a sector
level, the most notable shifts over the six months have been a migration towards
Health Care and Consumer Discretionary concerns and away from Financials and
Telecommunication Services. At the end of the period the Fund's largest
overweight (i.e. the Fund's sector position was greater than the benchmark
position) allocations were Consumer Discretionary, Industrials and Utilities;
while the largest underweight (i.e. the Fund's sector position was less than the
benchmark position) allocations were Information Technology, Financials, and
Health Care.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 9.3%
- -------------------------------------------------------------------
Capital Goods 4.7
- -------------------------------------------------------------------
Consumer Cyclical 9.1
- -------------------------------------------------------------------
Consumer Staples 1.0
- -------------------------------------------------------------------
Energy 5.7
- -------------------------------------------------------------------
Finance 7.8
- -------------------------------------------------------------------
Health Care 14.7
- -------------------------------------------------------------------
Services 15.4
- -------------------------------------------------------------------
Technology 25.6
- -------------------------------------------------------------------
Transportation 2.2
- -------------------------------------------------------------------
Utilities 0.8
- -------------------------------------------------------------------
Short-Term Investments 17.8
- -------------------------------------------------------------------
Other Assets & Liabilities -14.1
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
72
The Hartford SmallCap Growth Fund
(subadvised by: Wellington Management Company, LLP
Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS TO MAXIMIZE SHORT- AND LONG-TERM CAPITAL
APPRECIATION.
PERFORMANCE OVERVIEW(1,3) 4/30/97 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
SMALLCAP GROWTH FUND RUSSELL 2000 GROWTH INDEX
-------------------- -------------------------
4/30/97 9450 10000
11225 11503
11496 11893
12170 12502
11856 12877
12650 13905
12069 13069
12112 12758
12449 12765
12034 12596
13464 13708
14328 14284
4/98 14437 14371
13696 13326
14251 13462
13100 12338
10237 9490
10946 10453
11658 10998
13131 11852
14920 12924
15980 13506
13957 12270
14966 12707
4/99 15524 13829
15637 13851
17803 14581
18033 14130
18453 13602
19318 13864
22170 14219
24923 15722
31545 18493
32158 18321
44903 22584
40178 20210
4/00 33641 18169
28969 16577
35901 18719
33239 17115
39829 18916
37575 17975
34161 16516
24327 13517
27143 14344
27662 15504
22465 13379
20075 12162
4/01 21900 13651
21882 13968
22715 14349
21057 13125
19677 12305
16017 10319
17639 11312
19636 12256
21180 13020
20483 12556
19344 11744
21340 12764
4/02 20427 12489
18995 11758
17225 10761
14889 9107
14814 9102
13580 8445
14663 8873
16311 9752
15021 9079
14522 8832
13863 8596
14023 8726
4/03 15351 9552
17159 10629
17602 10833
18769 11652
20078 12278
20088 11967
21576 13001
22113 13425
22423 13485
23761 14194
23723 14172
23535 14238
4/04 22499 13523
22734 13792
23478 14251
21566 12972
21284 12693
22452 13395
23167 13720
24750 14880
25814 15415
24665 14720
25352 14922
25032 14362
4/05 23874 13448
25625 14397
26379 14862
28140 15901
27631 15677
27594 15801
26652 15217
28168 16079
28328 16055
30457 17603
29976 17510
30833 18361
4/06 30399 18308
28252 17019
28289 17029
26858 16145
27216 16618
27592 16730
29494 17814
29993 18241
29870 18197
30454 18536
30492 18477
30689 18648
4/07 31678 19137
</Table>
<Table>
--- SMALLCAP GROWTH FUND --- RUSSELL 2000 GROWTH INDEX
$9,450 starting value $10,000 starting value
$31,678 ending value $19,137 ending value
</Table>
RUSSELL 2000 GROWTH INDEX is an unmanaged index of those Russell 2000 Index
growth companies with higher price-to-book ratios and higher forecasted growth
values.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
<Table>
PORTFOLIO MANAGERS
WELLINGTON MANAGEMENT HARTFORD INVESTMENT
COMPANY, LLP MANAGEMENT COMPANY
DAVID J. ELLIOTT HUGH WHELAN
Vice President Executive Vice President
DORIS T. DWYER
Vice President
</Table>
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION 1 5 10 SINCE
DATE YEAR YEAR YEAR INCEPTION
- -------------------------------------------------------------------
SmallCap A# 1/4/1988 4.21% 9.17% 12.85% 12.55%
- -------------------------------------------------------------------
SmallCap A## 1/4/1988 -1.52% 7.94% 12.22% 12.22%
- -------------------------------------------------------------------
SmallCap B# 11/14/1994 3.47% 8.43% NA* NA*
- -------------------------------------------------------------------
SmallCap B## 11/14/1994 -1.53% 8.14% NA* NA*
- -------------------------------------------------------------------
SmallCap C# 11/14/1994 3.34% 8.38% 12.13% 10.61%
- -------------------------------------------------------------------
SmallCap C## 11/14/1994 2.34% 8.38% 12.13% 10.61%
- -------------------------------------------------------------------
SmallCap I# 2/19/2002 4.34% 9.19% NA 10.33%
- -------------------------------------------------------------------
SmallCap L# 1/4/1988 4.35% 9.27% 12.91% 12.57%
- -------------------------------------------------------------------
SmallCap L## 1/4/1988 -0.60% 8.21% 12.36% 12.29%
- -------------------------------------------------------------------
SmallCap R3# 2/19/2002 4.29% 9.57% NA 10.17%
- -------------------------------------------------------------------
SmallCap R4# 2/19/2002 4.41% 9.60% NA 10.19%
- -------------------------------------------------------------------
SmallCap R5# 2/19/2002 4.50% 9.62% NA 10.21%
- -------------------------------------------------------------------
SmallCap Y# 2/19/2002 4.53% 9.62% NA 10.21%
- -------------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* 10 year and inception returns are not applicable for Class B
because after 8 years Class B converts to Class A.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Classes A, B and C were offered beginning on February 19,
2002. Performance prior to that date is that of the fund's
Classes L, M and N shares, respectively, which have lower
operating expenses. Performance prior to February 19, 2002
would have been lower if Classes A, B and C shares expenses
were applied during that period. (Classes M and N are no
longer offered.) Class I shares commenced operations on
8/31/06. Performance prior to 8/31/06 reflects Class A
performance. Class R3, R4 and R5 shares commenced operations
on 12/22/06. Performance prior to 12/22/06 reflects Class Y
performance.
(2) The initial investment in Classes A and L shares reflects
the maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, L, R3,
R4, R5 and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford SmallCap Growth Fund returned 7.41%, before
sales charge, for the six-month period ended April 30, 2007, underperforming its
benchmark, the Russell 2000 Growth Index, which returned 7.43% for the same
period and the 9.16% return of the average fund in the Lipper Small Cap Growth
Funds peer group, a group of funds with investment strategies similar to those
of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
While the economy is still healthy, it has demonstrated signs of weakness as
witnessed by the deterioration in the sub-prime housing market and reduced
capital spending. During the period, mid cap stocks (+12.2%) outperformed small
cap stocks (+6.9%) and large cap (+6%) counterparts, as measured by the Russell
MidCap Index, Russell 2000 Index, and S&P 500 Index, respectively. Value stocks
outperformed growth stocks as measured by the Russell 3000 Value Index and
Russell 3000 Growth Index. Within the Russell 2000 Growth Index, sector returns
were mostly positive. Materials (+21%), Utilities (+12%), and Information
Technology (+11%) were the strongest performing sectors for the period, whereas
Telecommunication Services (-4%), Financials (+0%), and Health Care (+4%) lagged
the returns of the broader market.
Stock selection within Materials, Telecommunication Services, and Energy were
the areas of greatest strength relative (i.e. performance of the Fund as
measured against the benchmark) to the benchmark. Among the top contributors to
both relative and absolute (i.e. total return) performance were Cleveland-Cliffs
(Materials), ITT Educational Services (Consumer Services), and Varian
Semiconductor (Semiconductor). Cleveland-Cliffs, a producer of iron ore pellets
in North America, is benefiting from continued strong demand from steel
companies and raised sales expectations. Postsecondary educator ITT announced
earnings and provided guidance above analyst expectations, sending its shares
73
- --------------------------------------------------------------------------------
sharply higher. The company continues to execute well and generate solid free
cash flow and we maintained our position. Shares of Varian, a supplier of ion
implantation systems used in the fabrication of semiconductor chips rose after
exceeding market expectations.
Stock selection within Industrials, Health Care, and Financials hurt the Fund's
performance relative to the benchmark. CV Therapeutics (Pharmaceutical
Biotechnology), True Religion (Consumer Durables), and IMPAC Mortgage (Real
Estate) were the largest detractors from relative and absolute returns over the
period. Biopharmaceutical company CV Therapeutics' stock price suffered after
the company's angina treatment Ranexa failed a clinical test. Premium denim
designer True Religion's stock price declined after the company's earnings fell
short of market expectations. Shares of lender IMPAC Mortgage declined on delays
in reporting its earnings and broad weakness in the subprime mortgage industry.
WHAT IS THE OUTLOOK?
Decelerating job growth and diminishing home equity extraction could lead to
slower consumer spending, despite stabilizing energy prices. Against this
backdrop, we believe inflation should remain in check. We expect that sometime
this spring will mark the trough in consumption, housing, and the inventory
correction in manufacturing, setting the stage for stronger growth in the second
half of 2007. Relative sector allocations versus the benchmark are small and
incidental to our bottom-up stock selection strategy. At period-end the Fund's
largest overweights (i.e. the Fund's sector position was greater than the
benchmark position) were in the Technology and Telecommunications Services
sectors, offset by underweight (i.e. the Fund's sector position was less than
the benchmark position) positions in Financials and Consumer Staples stocks.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 6.4%
- -------------------------------------------------------------------
Capital Goods 6.1
- -------------------------------------------------------------------
Consumer Cyclical 12.7
- -------------------------------------------------------------------
Consumer Staples 0.7
- -------------------------------------------------------------------
Energy 4.7
- -------------------------------------------------------------------
Finance 8.3
- -------------------------------------------------------------------
Health Care 17.4
- -------------------------------------------------------------------
Services 13.5
- -------------------------------------------------------------------
Technology 24.4
- -------------------------------------------------------------------
Transportation 3.9
- -------------------------------------------------------------------
Short-Term Investments 19.7
- -------------------------------------------------------------------
Other Assets & Liabilities -17.8
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
74
The Hartford Stock Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM GROWTH OF CAPITAL.
PERFORMANCE OVERVIEW(3) 4/30/97 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
STOCK FUND S&P 500 INDEX
---------- -------------
4/30/97 9450 10000
10036 10608
10535 11083
11272 11965
10618 11295
11159 11913
10859 11516
11310 12048
11423 12255
11521 12391
12403 13284
13118 13963
4/98 13397 14104
13141 13862
13895 14424
14030 14271
11973 12208
12470 12990
13450 14045
14226 14896
15002 15754
15490 16413
15193 15903
15939 16539
4/99 16655 17179
16167 16774
17226 17704
16746 17152
16487 17066
16030 16599
16891 17649
17178 18008
18350 19068
17481 18110
17512 17767
19204 19504
4/00 18653 18918
18241 18529
18638 18986
18246 18690
19202 19850
18301 18802
18325 18722
17228 17247
17416 17332
17868 17947
16588 16311
15381 15278
4/01 16481 16464
16612 16574
15888 16172
15691 16012
14647 15011
13588 13799
13875 14063
14919 15141
15025 15275
14656 15052
14442 14762
14935 15317
4/02 13678 14389
13481 14283
12503 13266
11748 12233
11641 12312
10343 10975
11279 11940
12125 12642
11345 11900
11033 11589
10803 11415
10844 11526
4/03 11665 12475
12232 13131
12405 13299
12709 13534
12865 13797
12651 13651
13317 14422
13432 14549
14220 15312
14286 15593
14376 15809
14114 15571
4/04 13916 15327
14097 15537
14401 15839
13867 15315
13867 15376
13801 15542
13768 15780
14204 16418
14666 16977
14394 16563
14691 16911
14253 16612
4/05 14113 16297
14600 16815
14559 16839
15220 17465
15236 17306
15402 17446
15195 17155
15831 17803
15964 17810
16452 18281
16386 18331
16576 18559
4/06 16841 18808
16312 18267
16047 18291
16038 18404
16477 18841
16850 19327
17421 19956
17926 20335
18155 20620
18413 20937
18097 20528
18313 20758
4/07 19095 21677
</Table>
<Table>
--- STOCK FUND --- S&P 500 INDEX
$9,450 starting value $10,000 starting value
$19,095 ending value $21,677 ending value
</Table>
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION 1 5 10 SINCE
DATE YEAR YEAR YEAR INCEPTION
- -----------------------------------------------------------------
Stock A# 7/22/1996 13.38% 6.90% 7.28% 9.05%
- -----------------------------------------------------------------
Stock A## 7/22/1996 7.15% 5.69% 6.68% 8.48%
- -----------------------------------------------------------------
Stock B# 7/22/1996 12.47% 6.04% NA* NA*
- -----------------------------------------------------------------
Stock B## 7/22/1996 7.47% 5.73% NA* NA*
- -----------------------------------------------------------------
Stock C# 7/22/1996 12.58% 6.18% 6.56% 8.31%
- -----------------------------------------------------------------
Stock C## 7/22/1996 11.58% 6.18% 6.56% 8.31%
- -----------------------------------------------------------------
Stock R3# 7/22/1996 13.73% 7.43% 7.81% 9.58%
- -----------------------------------------------------------------
Stock R4# 7/22/1996 13.87% 7.46% 7.82% 9.59%
- -----------------------------------------------------------------
Stock R5# 7/22/1996 13.97% 7.47% 7.83% 9.60%
- -----------------------------------------------------------------
Stock Y# 7/22/1996 14.02% 7.48% 7.84% 9.60%
- -----------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* 10 year and inception returns are not applicable for Class B
because after 8 years Class B converts to Class A.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class C shares commenced operations on 7/31/98. Performance
prior to 7/31/98 reflects Class B performance less Class C
sales charges where applicable. Class R3, R4 and R5 shares
commenced operations on 12/22/06. Performance prior to
12/22/06 reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, R3, R4, R5
and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGERS
STEVEN T. IRONS, CFA
Senior Vice President, Partner
PETER I. HIGGINS, CFA
Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Stock Fund returned 9.61%, before sales
charge, for the six-month period ended April 30, 2007, outperforming its
benchmark, the S&P 500 Index, which returned 8.60% for the same period. The Fund
also outperformed the 8.25% return of the average fund in the Lipper Large Cap
Core Funds peer group, a group of funds with investment strategies similar to
those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Amid concerns of rising gas prices, a softening job market and a continued
housing slump, equity markets posted strong returns during the six-month period.
The S&P 500 Index was up 8.60% for the period and showed broad-based strength,
posting positive results in all ten sectors. Sector results were led by
Utilities, Materials, and Energy. Consumer Discretionary, Financials and
Information Technology all posted robust returns but lagged the general market.
The Fund's outperformance versus the benchmark was driven by security selection.
Selection was strongest within the Information Technology, Materials and
Consumer Staples sectors. Stocks that contributed the most to relative (i.e.
performance of the Fund as measured against the benchmark) returns included
First Data, Cia Vale do Rio Doce (CVRD), and Schering-Plough. Electronic payment
service provider First Data's stock appreciated during the period as it was the
target of a leveraged buyout bid from KKR. We eliminated the stock on strong
performance. The stock of Brazilian mining company CVRD continued to rise during
the period, bolstered by commodity prices. Additionally, implementation of the
company's strategy to integrate its Inco acquisition should drive synergies
further. We continue to view the company as well-positioned in iron ore and
nickel, which should drive strong fundamentals over the next few years.
Schering-Plough rose on continued strong results from its cholesterol drug
franchise and encouraging results from drugs currently in development. Other top
contributors to the Fund's performance included storage company EMC, aluminum
company Alcoa and AT&T.
Stock selection within the Consumer Discretionary, Energy and Financials sectors
hurt relative performance. Top relative detractors from the Fund included
Circuit City, United Parcel Service and
75
- --------------------------------------------------------------------------------
Capital One. Shares of Circuit City tumbled after the consumer electronics
retailer posted disappointing third-quarter results. Circuit City has been a
turnaround story selling at very depressed valuations, and they have struggled
executing its turnaround plan consistently. Slowing U.S. industrial production
has weighed on shares of United Parcel Service, but we still have confidence in
the longer term story of the company. Capital One's stock declined as it missed
first-quarter profit targets and trimmed guidance, due mainly to problems in its
mortgage unit. The credit card business continues to perform better then most
feared which is consistent with our investment thesis. Additionally, the Fund's
underweight (i.e. the Fund's sector position was less than the benchmark
position) to the strongly performing Utilities sector hurt relative returns.
WHAT IS THE OUTLOOK?
The Fund continues to be managed with a large cap, core investment approach. We
apply a bottom-up investment process in constructing a diversified portfolio and
look for companies that exhibit industry leadership, strong balance sheets,
solid management, high return on equity, accelerating earnings, and/or
attractive valuation with a catalyst. Our bottom-up investment approach resulted
in the Fund being overweight (i.e. the Fund's sector position was greater than
the benchmark position) Information Technology, Health Care and Materials, and
underweight Utilities, Energy, and Consumer Discretionary at the end of the
period.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 5.5%
- -------------------------------------------------------------------
Capital Goods 2.1
- -------------------------------------------------------------------
Consumer Cyclical 6.7
- -------------------------------------------------------------------
Consumer Staples 7.1
- -------------------------------------------------------------------
Energy 7.6
- -------------------------------------------------------------------
Finance 23.3
- -------------------------------------------------------------------
Health Care 10.6
- -------------------------------------------------------------------
Services 8.1
- -------------------------------------------------------------------
Technology 28.3
- -------------------------------------------------------------------
Utilities 0.6
- -------------------------------------------------------------------
Short-Term Investments 5.2
- -------------------------------------------------------------------
Other Assets & Liabilities -5.1
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
76
The Hartford Target Retirement 2010 Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS TO MAXIMIZE TOTAL RETURN AND SECONDARILY, TO SEEK
CAPITAL PRESERVATION.
PERFORMANCE OVERVIEW(2) 9/30/05 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS U.S.
TARGET RETIREMENT 2010 FUND AGGREGATE BOND INDEX S&P 500 INDEX
--------------------------- -------------------- -------------
9/30/05 9450 10000 10000
9280 9921 9833
9469 9965 10205
12/05 9507 10059 10208
9670 10060 10479
9650 10093 10507
9679 9994 10638
4/06 9782 9976 10780
9598 9966 10471
9570 9987 10484
9560 10122 10549
8/06 9714 10277 10800
9805 10367 11078
9970 10436 11439
10147 10557 11656
12/06 10208 10495 11819
10302 10491 12001
10302 10653 11767
10414 10653 11898
4/07 10613 10711 12425
</Table>
<Table>
--- TARGET RETIREMENT 2010 -- LEHMAN BROTHERS U.S. AGGREGATE --- S&P 500 INDEX
FUND BOND INDEX $10,000 starting value
$9,450 starting value $10,000 starting value $12,425 ending value
$10,613 ending value $10,711 ending value
</Table>
LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX is an unmanaged index and is composed
of securities from the Lehman Brothers Government/Credit Bond Index,
Mortgage-Backed Securities Index, Asset-Backed Index and Commercial
Mortgage-Backed Securities Index.
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distribution or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- ---------------------------------------------------------------
Target Retirement 2010 A# 9/30/2005 8.49% 7.61%
- ---------------------------------------------------------------
Target Retirement 2010 A## 9/30/2005 2.52% 3.83%
- ---------------------------------------------------------------
Target Retirement 2010 B# 9/30/2005 7.72% 6.82%
- ---------------------------------------------------------------
Target Retirement 2010 B## 9/30/2005 2.72% 4.37%
- ---------------------------------------------------------------
Target Retirement 2010 C# 9/30/2005 7.58% 6.75%
- ---------------------------------------------------------------
Target Retirement 2010 C## 9/30/2005 6.58% 6.75%
- ---------------------------------------------------------------
Target Retirement 2010 R3# 9/30/2005 8.48% 7.76%
- ---------------------------------------------------------------
Target Retirement 2010 R4# 9/30/2005 8.56% 7.81%
- ---------------------------------------------------------------
Target Retirement 2010 R5# 9/30/2005 8.75% 7.92%
- ---------------------------------------------------------------
Target Retirement 2010 Y# 9/30/2005 8.67% 7.87%
- ---------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC. Class
R3, R4 and R5 shares commenced operations on 12/22/06.
Performance prior to 12/22/06 reflects Class Y performance.
(2) Growth of a $10,000 investment in Classes B, C, R3, R4, R5
and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGERS
HUGH WHELAN
Executive Vice President
EDWARD C. CAPUTO
Assistant Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Target Retirement 2010 Fund returned 6.45%,
before sales charge for the six months ended April 30, 2007, versus 5.89% for
the Lipper Mixed-Asset Target 2010 Funds average, 2.64% for the Lehman Brothers
U.S. Aggregate Bond Index, and 8.60% for the S&P 500 Index.
WHY DID THE FUND PERFORM THIS WAY?
The Fund's primary objective is to maximize total return, but with a secondary
objective of preserving capital as the Fund approaches its target year of 2010.
Currently, the Fund's target asset allocation is set at approximately 52%
fixed-income and 48% equity.
The Fund's structure allows for investment across all market capitalizations and
styles, both within the U.S. and internationally. This diversification is
designed to enhance the long-term return and risk characteristics of the Fund.
The Fund's equity allocation is structured around five equity indexes. For the
six month period, the MSCI EAFE Index (international equities) was up 15.68%;
the Russell MidCap Index (U.S. mid cap equities) was up 12.24%; the Russell 1000
Value Index (U.S. large cap equities) was up 9.79%; the Russell 1000 Growth
Index (U.S. large cap equities) was up 8.42%; and the Russell 2000 Index (U.S.
small cap equities) was up 6.86%. The Fund benefited from its international and
mid cap equity exposure, as well as its large cap value bias.
On the fixed income side, the yield curve steepened during the period, with the
yield on the five year Treasury note decreasing five basis points to 4.51% and
the yield on the 10-year Treasury note increasing two basis points to 4.62%.
Within the major sectors of the Lehman Brothers U.S. Aggregate Bond Index,
mortgage backed securities were the top performers, while U.S. Treasuries were
the worst. The fixed income allocation is structured around six fixed income
indices. For the six month period, the best performer was the Lehman Brothers
High Yield Index (up 6.88%), followed by the CSFB Leveraged Loan Index (up
3.98%), Lehman Brothers U.S. Aggregate Bond Index (up 2.64%), Merrill Lynch 3-
Month U.S. Treasury Bill Index (up 2.62%), Lehman Brothers 1-3 Year Government
Index (up 2.34%), and Lehman U.S. TIPS (Treasury Inflation Protected Securities)
Index (up 2.07%). Consequently, the Fund benefited from its allocation to high
yield and floating rate notes, while the other asset classes underperformed the
Fund's fixed income benchmark. The Fund's duration (i.e. sensitivity to changes
in interest rates) is targeted to be less than the Lehman Brothers U.S.
Aggregate Bond Index
77
- --------------------------------------------------------------------------------
based on risk preferences of the Fund. For the period, short duration
positioning detracted from overall performance.
Besides the asset allocation decision, the Fund's performance is also influenced
by the performance of the underlying active fund mangers. In keeping with the
Fund's long-term approach, we typically use cash flows to reallocate among the
underlying funds. However, a hard rebalance (i.e. a fund rebalancing to move the
underlying fund investments to their target allocation percentages) was
performed in November to align the actual allocations with our targets.
WHAT IS THE OUTLOOK?
Economic data continues to suggest weaker growth ahead, a trend that began in
the first quarter of the year. Additionally, the Federal Reserve concluded at
its March meeting that business executives are pessimistic about sales growth,
which poses a downside risk to the economy. Other risks going forward include
the potential effects of the ongoing troubles within the housing sector as well
as persistently high energy and food costs, which could sap consumer spending.
Although business activity has been sluggish, strong consumption supports
growth. And while recent CPI data suggests some moderation in core inflation,
inflationary pressures remain elevated. Unless these pressures ease, we believe
it is unlikely that the Federal Reserve will cut rates in the foreseeable
future, as many are anticipating. While we do not feel that the economy is
headed for a recession, our outlook for growth and interest rates is biased to
the lower side.
While we intend to stay within a limited range about our target asset class
ranges, we will make incremental changes to asset class and individual fund
allocation according to our outlook and the Fund's objective to maximize total
return for future retirees. Over a longer time horizon, as the Fund approaches
its 2010 target retirement date, the Fund's allocation to equity will decrease
while its allocation to fixed income will increase.
COMPOSITION BY UNDERLYING FUND
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
FUND NAME NET ASSETS
- -------------------------------------------------------------------
Hartford Capital Appreciation Fund, Class Y 12.8%
- -------------------------------------------------------------------
Hartford Disciplined Equity Fund, Class Y 2.6
- -------------------------------------------------------------------
Hartford Equity Income Fund, Class Y 2.0
- -------------------------------------------------------------------
Hartford Floating Rate Fund, Class Y 7.3
- -------------------------------------------------------------------
Hartford Global Leaders Fund, Class Y 6.2
- -------------------------------------------------------------------
Hartford Growth Opportunities Fund, Class Y 1.9
- -------------------------------------------------------------------
Hartford Income Fund, Class Y 15.7
- -------------------------------------------------------------------
Hartford Inflation Plus Fund, Class Y 6.2
- -------------------------------------------------------------------
Hartford International Opportunities Fund, Class Y 3.6
- -------------------------------------------------------------------
Hartford International Small Company Fund, Class Y 3.6
- -------------------------------------------------------------------
Hartford Select SmallCap Value Fund, Class Y 0.5
- -------------------------------------------------------------------
Hartford Short Duration Fund, Class Y 16.6
- -------------------------------------------------------------------
Hartford Small Company Fund, Class Y 3.2
- -------------------------------------------------------------------
Hartford Total Return Bond Fund, Class Y 6.5
- -------------------------------------------------------------------
Hartford Value Fund, Class Y 10.4
- -------------------------------------------------------------------
Other Assets & Liabilities 0.9
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
78
The Hartford Target Retirement 2020 Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS TO MAXIMIZE TOTAL RETURN AND SECONDARILY, TO SEEK
CAPITAL PRESERVATION.
PERFORMANCE OVERVIEW(2) 9/30/05 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS U.S.
TARGET RETIREMENT 2020 FUND AGGREGATE BOND INDEX S&P 500 INDEX
--------------------------- -------------------- -------------
9/30/05 9450 10000 10000
9252 9833 9921
9469 10205 9965
12/05 9585 10208 10059
9857 10479 10060
9819 10507 10093
9904 10638 9994
4/06 10031 10780 9976
9778 10471 9966
9755 10484 9987
9707 10549 10122
8/06 9882 10800 10277
9986 11078 10367
10210 11439 10436
10419 11656 10557
12/06 10519 11819 10495
10629 12001 10491
10599 11767 10653
10737 11898 10653
4/07 11007 12425 10711
</Table>
<Table>
--- TARGET RETIREMENT 2020 -- LEHMAN BROTHERS U.S. AGGREGATE --- S&P 500 INDEX
FUND BOND INDEX $10,000 starting value
$9,450 starting value $10,000 starting value $12,425 ending value
$11,007 ending value $10,711 ending value
</Table>
LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX is an unmanaged index and is composed
of securities from the Lehman Brothers Government/Credit Bond Index,
Mortgage-Backed Securities Index, Asset-Backed Index and Commercial
Mortgage-Backed Securities Index.
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distribution or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- ----------------------------------------------------------------
Target Retirement 2020 A# 9/30/2005 9.73% 10.13%
- ----------------------------------------------------------------
Target Retirement 2020 A## 9/30/2005 3.70% 6.26%
- ----------------------------------------------------------------
Target Retirement 2020 B# 9/30/2005 8.92% 9.31%
- ----------------------------------------------------------------
Target Retirement 2020 B## 9/30/2005 3.92% 6.89%
- ----------------------------------------------------------------
Target Retirement 2020 C# 9/30/2005 8.89% 9.29%
- ----------------------------------------------------------------
Target Retirement 2020 C## 9/30/2005 7.89% 9.29%
- ----------------------------------------------------------------
Target Retirement 2020 R3# 9/30/2005 9.78% 10.22%
- ----------------------------------------------------------------
Target Retirement 2020 R4# 9/30/2005 9.86% 10.27%
- ----------------------------------------------------------------
Target Retirement 2020 R5# 9/30/2005 10.03% 10.38%
- ----------------------------------------------------------------
Target Retirement 2020 Y# 9/30/2005 10.06% 10.40%
- ----------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC. Class
R3, R4 and R5 shares commenced operations on 12/22/06.
Performance prior to 12/22/06 reflects Class Y performance.
(2) Growth of a $10,000 investment in Classes B, C, R3, R4, R5
and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGERS
HUGH WHELAN
Executive Vice President
EDWARD C. CAPUTO
Assistant Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Target Retirement 2020 Fund returned 7.80%,
before sales charge, for the six months ended April 30, 2007, versus 7.09% for
the Lipper Mixed-Asset Target 2020 Funds average, 2.64% for the Lehman Brothers
U.S. Aggregate Bond Index, and 8.60% for the S&P 500 Index.
WHY DID THE FUND PERFORM THIS WAY?
The Fund's primary objective is to maximize total return, but with a secondary
objective of preserving capital as the Fund approaches its target year of 2020.
Currently, the Fund's target asset allocation is set at approximately 64% equity
and 36% fixed-income.
The Fund's structure allows for investment across all market capitalizations and
styles, both within the U.S. and internationally. This diversification is
designed to enhance the long-term return and risk characteristics of the Fund.
The Fund's equity allocation is structured around five equity indexes. For the
six month period, the MSCI EAFE Index (international equities) was up 15.68%;
the Russell MidCap Index (U.S. mid cap equities) was up 12.24%; the Russell 1000
Value Index (U.S. large cap equities) was up 9.79%; the Russell 1000 Growth
Index (U.S. large cap equities) was up 8.42%; and the Russell 2000 Index (U.S.
small cap equities) was up 6.86%. The Fund benefited from its international and
mid cap equity exposure, as well as its large cap value bias.
On the fixed income side, the yield curve steepened during the period, with the
yield on the five year Treasury note decreasing five basis points to 4.51% and
the yield on the 10-year Treasury note increasing two basis points to 4.62%.
Within the major sectors of the Lehman Brothers U.S. Aggregate Bond Index,
mortgage backed securities were the top performers, while U.S. Treasuries were
the worst. The fixed income allocation is structured around six fixed income
indices. For the six month period, the best performer was the Lehman Brothers
High Yield Index (up 6.88%), followed by the CSFB Leveraged Loan Index (up
3.98%), Lehman Brothers U.S. Aggregate Bond Index (up 2.64%), Merrill Lynch 3-
Month U.S. Treasury Bill Index (up 2.62%), Lehman Brothers 1-3 Year Government
Index (up 2.34%), and Lehman U.S. TIPS (Treasury Inflation Protected Securities)
Index (up 2.07%). Consequently, the Fund benefited from its allocation to high
yield and floating rate notes, while the other asset classes underperformed the
Fund's fixed income benchmark. The Fund's duration (i.e. sensitivity to changes
in interest rates) is targeted to be less than the Lehman Brothers U.S.
Aggregate Bond Index
79
- --------------------------------------------------------------------------------
based on risk preferences of the Fund. For the period, short duration
positioning detracted from overall performance.
Besides the asset allocation decision, the Fund's performance is also influenced
by the performance of the underlying active fund mangers. In keeping with the
Fund's long-term approach, we typically use cash flows to reallocate among the
underlying funds. However, a hard rebalance (i.e. a fund rebalancing to move the
underlying fund investments to their target allocation percentages) was
performed in November to align the actual allocations with our targets.
WHAT IS THE OUTLOOK?
Economic data continues to suggest weaker growth ahead, a trend that began in
the first quarter of the year. Additionally, the Federal Reserve concluded at
its March meeting that business executives are pessimistic about sales growth,
which poses a downside risk to the economy. Other risks going forward include
the potential effects of the ongoing troubles within the housing sector as well
as persistently high energy and food costs, which could sap consumer spending.
Although business activity has been sluggish, strong consumption supports
growth. And while recent CPI data suggests some moderation in core inflation,
inflationary pressures remain elevated. Unless these pressures ease, we believe
it is unlikely that the Federal Reserve will cut rates in the foreseeable
future, as many are anticipating. While we do not feel that the economy is
headed for a recession, our outlook for growth and interest rates is biased to
the lower side.
While we intend to stay within a limited range about our target asset class
ranges, we will make incremental changes to asset class and individual fund
allocation according to our outlook and the Fund's objective to maximize total
return for future retirees. Over a longer time horizon, as the Fund approaches
its 2020 target retirement date, the Fund's allocation to equity will decrease
while its allocation to fixed income will increase.
COMPOSITION BY UNDERLYING FUND
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
FUND NAME NET ASSETS
- -------------------------------------------------------------------
Hartford Capital Appreciation Fund, Class Y 16.8%
- -------------------------------------------------------------------
Hartford Disciplined Equity Fund, Class Y 3.3
- -------------------------------------------------------------------
Hartford Equity Income Fund, Class Y 4.2
- -------------------------------------------------------------------
Hartford Floating Rate Fund, Class Y 5.2
- -------------------------------------------------------------------
Hartford Global Leaders Fund, Class Y 4.8
- -------------------------------------------------------------------
Hartford Growth Opportunities Fund, Class Y 3.6
- -------------------------------------------------------------------
Hartford Income Fund, Class Y 15.5
- -------------------------------------------------------------------
Hartford Inflation Plus Fund, Class Y 3.9
- -------------------------------------------------------------------
Hartford International Opportunities Fund, Class Y 4.9
- -------------------------------------------------------------------
Hartford International Small Company Fund, Class Y 5.0
- -------------------------------------------------------------------
Hartford Select SmallCap Value Fund, Class Y 1.8
- -------------------------------------------------------------------
Hartford Short Duration Fund, Class Y 6.5
- -------------------------------------------------------------------
Hartford Small Company Fund, Class Y 3.7
- -------------------------------------------------------------------
Hartford Total Return Bond Fund, Class Y 4.9
- -------------------------------------------------------------------
Hartford Value Fund, Class Y 15.3
- -------------------------------------------------------------------
Other Assets & Liabilities 0.6
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
80
The Hartford Target Retirement 2030 Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS TO MAXIMIZE TOTAL RETURN AND SECONDARILY, TO SEEK
CAPITAL PRESERVATION.
PERFORMANCE OVERVIEW(2) 9/30/05 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS U.S.
TARGET RETIREMENT 2030 FUND S&P 500 INDEX AGGREGATE BOND INDEX
--------------------------- ------------- --------------------
9/30/05 9450 10000 10000
9214 9833 9921
9507 10205 9965
12/05 9551 10208 10059
9832 10479 10060
9778 10507 10093
9886 10638 9994
4/06 9995 10780 9976
9692 10471 9966
9670 10484 9987
9595 10549 10122
8/06 9768 10800 10277
9876 11078 10367
10136 11439 10436
10359 11656 10557
12/06 10490 11819 10495
10611 12001 10491
10534 11767 10653
10721 11898 10653
4/07 11039 12425 10711
</Table>
<Table>
--- TARGET RETIREMENT 2030 -- LEHMAN BROTHERS U.S. AGGREGATE --- S&P 500 INDEX
FUND BOND INDEX $10,000 starting value
$9,450 starting value $10,000 starting value $12,425 ending value
$11,039 ending value $10,711 ending value
</Table>
LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX is an unmanaged index and is composed
of securities from the Lehman Brothers Government/Credit Bond Index,
Mortgage-Backed Securities Index, Asset-Backed Index and Commercial
Mortgage-Backed Securities Index.
S&P 500 INDEX is a market capitalization weighted price index composed of 500
widely held common stocks.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distribution or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- ------------------------------------------------------------------
Target Retirement 2030 A# 9/30/2005 10.45% 10.33%
- ------------------------------------------------------------------
Target Retirement 2030 A## 9/30/2005 4.37% 6.45%
- ------------------------------------------------------------------
Target Retirement 2030 B# 9/30/2005 9.52% 9.48%
- ------------------------------------------------------------------
Target Retirement 2030 B## 9/30/2005 4.52% 7.06%
- ------------------------------------------------------------------
Target Retirement 2030 C# 9/30/2005 9.77% 9.64%
- ------------------------------------------------------------------
Target Retirement 2030 C## 9/30/2005 8.77% 9.64%
- ------------------------------------------------------------------
Target Retirement 2030 R3# 9/30/2005 10.29% 10.41%
- ------------------------------------------------------------------
Target Retirement 2030 R4# 9/30/2005 10.40% 10.47%
- ------------------------------------------------------------------
Target Retirement 2030 R5# 9/30/2005 10.51% 10.54%
- ------------------------------------------------------------------
Target Retirement 2030 Y# 9/30/2005 10.62% 10.61%
- ------------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC. Class
R3, R4 and R5 shares commenced operations on 12/22/06.
Performance prior to 12/22/06 reflects Class Y performance.
(2) Growth of a $10,000 investment in Classes B, C, R3, R4, R5
and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGERS
HUGH WHELAN
Executive Vice President
EDWARD C. CAPUTO
Assistant Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Target Retirement 2030 Fund gained 8.91%,
before sales charge, for the six months ended April 30, 2007, versus 9.24% for
the Lipper Mixed-Asset Target 2030 Funds average, 2.64% for the Lehman Brothers
U.S. Aggregate Bond Index, and 8.60% for the S&P 500 Index.
WHY DID THE FUND PERFORM THIS WAY?
The Fund's primary objective is to maximize total return, but with a secondary
objective of preserving capital as the Fund approaches its target year of 2030.
Currently, the Fund's target asset allocation is set at approximately 79% equity
and 21% fixed-income.
The Fund's structure allows for investment across all market capitalizations and
styles, both within the U.S. and internationally. This diversification is
designed to enhance the long-term return and risk characteristics of the Fund.
The Fund's equity allocation is structured around five equity indexes. For the
six month period, the MSCI EAFE Index (international equities) was up 15.68%;
the Russell MidCap Index (U.S. mid cap equities) was up 12.24%; the Russell 1000
Value Index (U.S. large cap equities) was up 9.79%; the Russell 1000 Growth
Index (U.S. large cap equities) was up 8.42%; and the Russell 2000 Index (U.S.
small cap equities) was up 6.86%. The Fund benefited from its international and
mid cap equity exposure, as well as its large cap value bias.
On the fixed income side, the yield curve steepened during the period, with the
yield on the five year Treasury note decreasing five basis points to 4.51% and
the yield on the 10-year Treasury note increasing two basis points to 4.62%.
Within the major sectors of the Lehman Brothers U.S. Aggregate Bond Index,
mortgage backed securities were the top performers, while U.S. Treasuries were
the worst. The fixed income allocation is structured around three fixed income
indices. For the six month period, the best performer was the Lehman Brothers
U.S. Aggregate Bond Index (up 2.64%), Lehman Brothers 1-3 Year Government Index
(up 2.34%), and Lehman U.S. TIPS (Treasury Inflation Protected Securities) Index
(up 2.07%). Consequently, the Fund's out of benchmark positions detracted from
performances. The Fund's duration (i.e. sensitivity to changes in interest
rates) is targeted to be less than the Lehman Brothers U.S. Aggregate Bond Index
based on risk preferences of the Fund. For the period, short duration
positioning detracted from overall performance.
81
- --------------------------------------------------------------------------------
Besides the asset allocation decision, the Fund's performance is also influenced
by the performance of the underlying active fund mangers. In keeping with the
Fund's long-term approach, we typically use cash flows to reallocate among the
underlying funds. However, a hard rebalance (i.e. a fund rebalancing to move the
underlying fund investments to their target allocation percentages) was
performed in November to align the actual allocations with our targets.
WHAT IS THE OUTLOOK?
Economic data continues to suggest weaker growth ahead, a trend that began in
the first quarter of the year. Additionally, the Federal Reserve concluded at
its March meeting that business executives are pessimistic about sales growth,
which poses a downside risk to the economy. Other risks going forward include
the potential effects of the ongoing troubles within the housing sector as well
as persistently high energy and food costs, which could sap consumer spending.
Although business activity has been sluggish, strong consumption supports
growth. And while recent CPI data suggests some moderation in core inflation,
inflationary pressures remain elevated. Unless these pressures ease, we believe
it is unlikely that the Federal Reserve will cut rates in the foreseeable
future, as many are anticipating. While we do not feel that the economy is
headed for a recession, our outlook for growth and interest rates is biased to
the lower side.
While we intend to stay within a limited range about our target asset class
ranges, we will make incremental changes to asset class and individual fund
allocation according to our outlook and the Fund's objective to maximize total
return for future retirees. Over a longer time horizon, as the Fund approaches
its 2030 target retirement date, the Fund's allocation to equity will decrease
while its allocation to fixed income will increase.
COMPOSITION BY UNDERLYING FUND
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
FUND NAME NET ASSETS
- -------------------------------------------------------------------
Hartford Capital Appreciation Fund, Class Y 18.9%
- -------------------------------------------------------------------
Hartford Disciplined Equity Fund, Class Y 7.3
- -------------------------------------------------------------------
Hartford Equity Income Fund, Class Y 4.2
- -------------------------------------------------------------------
Hartford Global Leaders Fund, Class Y 4.9
- -------------------------------------------------------------------
Hartford Growth Opportunities Fund, Class Y 3.8
- -------------------------------------------------------------------
Hartford Inflation Plus Fund, Class Y 4.6
- -------------------------------------------------------------------
Hartford International Opportunities Fund, Class Y 6.9
- -------------------------------------------------------------------
Hartford International Small Company Fund, Class Y 7.0
- -------------------------------------------------------------------
Hartford Select SmallCap Value Fund, Class Y 2.0
- -------------------------------------------------------------------
Hartford Short Duration Fund, Class Y 4.6
- -------------------------------------------------------------------
Hartford Small Company Fund, Class Y 4.7
- -------------------------------------------------------------------
Hartford Total Return Bond Fund, Class Y 12.1
- -------------------------------------------------------------------
Hartford Value Fund, Class Y 18.2
- -------------------------------------------------------------------
Other Assets & Liabilities 0.8
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
82
The Hartford Tax-Free California Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS TO PROVIDE CURRENT INCOME EXEMPT FROM BOTH FEDERAL
AND CALIFORNIA INCOME TAX.
PERFORMANCE OVERVIEW(2) 10/31/02 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS CALIFORNIA MUNICIPAL
TAX-FREE CALIFORNIA FUND BOND INDEX
------------------------ ------------------------------------
10/31/02 9550 10000
9477 9985
9718 10166
9619 10116
9813 10269
9805 10274
4/03 9863 10339
10115 10587
10000 10506
9437 10111
9540 10193
9868 10486
9842 10448
9990 10575
10087 10660
10141 10725
10335 10903
10318 10878
4/04 10017 10608
9969 10568
10023 10636
10189 10777
10479 11013
10542 11072
10644 11186
10550 11104
10706 11247
10831 11375
10790 11340
10727 11264
4/05 10924 11449
11009 11532
11097 11617
11047 11574
11167 11701
11097 11631
11036 11556
11090 11614
11189 11714
11202 11749
11288 11837
11213 11758
4/06 11213 11740
11269 11800
11227 11758
11374 11909
11532 12089
11612 12167
11713 12253
11839 12362
11788 12315
11747 12290
11919 12453
11868 12417
4/07 11918 12460
</Table>
<Table>
--- TAX-FREE CALIFORNIA FUND --- LEHMAN BROTHERS CALIFORNIA MUNICIPAL
$9,550 starting value BOND INDEX
$11,918 ending value $10,000 starting value
$12,460 ending value
</Table>
LEHMAN BROTHERS CALIFORNIA MUNICIPAL BOND INDEX is an unmanaged index of
municipal bonds issued by the State of California with maturities greater than
two years.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- ----------------------------------------------------
California A# 10/31/2002 6.29% 5.05%
- ----------------------------------------------------
California A## 10/31/2002 1.51% 3.98%
- ----------------------------------------------------
California B# 10/31/2002 5.51% 4.27%
- ----------------------------------------------------
California B## 10/31/2002 0.51% 3.88%
- ----------------------------------------------------
California C# 10/31/2002 5.50% 4.30%
- ----------------------------------------------------
California C## 10/31/2002 4.50% 4.30%
- ----------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B and C shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGER
CHARLES GRANDE
Executive Vice President
CHRISTOPHER BADE
Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Tax-Free California Fund returned 1.75%,
before sales charge, for the six-month period ended April 30, 2007. In
comparison, its benchmark, the Lehman Brothers California Municipal Bond Index,
returned 1.70%. The Fund also outpaced the 1.62% average return of the Lipper
California Municipal Debt Funds category, a group of funds with investment
strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Slower economic growth and weakness in the residential housing sector led the
Federal Reserve Bank to continue to hold its target federal funds rate steady
during the period, despite a slight up tick in inflation. Within the municipal
bond market, weaker technical factors caused tax-exempt yields to rise all along
the curve. However, yields on shorter-maturity bonds rose more than yields on
longer maturity issues as a lack of strong retail demand for bonds with yields
below 4% caused the short and intermediate portions of the curve to
underperform. Long maturities, however, continued to enjoy the support of mutual
funds, which were awash with new fund inflows, and non-traditional buyers such
as crossover investors (i.e. investors that typically invest in taxable bonds
who crossover to municipal bonds) and arbitrage and hedge funds.
Given the relatively low level of interest rates, investors continued to reach
for incremental yield by moving out longer on the municipal curve. Although the
tax-exempt market slightly underperformed the taxable market, the municipal
yield curve remained relatively steeper and unlike the Treasury curve, has not
become inverted. Municipal issuance for the six-month period was up an
impressive 32% compared to the same period one year earlier. New issue volume
for the state of California has been on the rise as well, increasing 84% in the
first four months of 2007.
One of the primary drivers of the Fund's performance during the period was its
yield-curve positioning. We emphasized the longer segment of the municipal
curve, favoring bonds with maturities of 25 years and longer. This strategy
helped increase returns as the long end of the curve outperformed the short end
by approximately 10 basis points for the overall period. The Fund's 46% exposure
to higher-yielding BBB and lower rated bonds also helped performance due to
continued credit spread tightening (i.e. short and long term interest rates
coming closer together) in this segment of the market. We balanced our high
yield purchases with several A and AA rated bond purchases.
We selectively added several special tax bonds (i.e. a bond secured by the
special assessment taxes levied on certain real estate). Given
83
- --------------------------------------------------------------------------------
our concerns with the housing sector, we are only investing in the better
quality bonds here and our purchases during the period are secured by good
residential development projects that are in strong growth areas that are
further along in construction and sales. The Fund's exposure to health care and
education contributed positively to performance, as did tobacco bonds, which we
continue to favor due to the incremental yield they offer as well as the
improving legal environment of the sector.
A lack of investment opportunities (away from special tax bonds) caused the Fund
to hold a greater percentage of cash and floating-rate bonds than we would
prefer. These short maturity positions were a drag on performance and hindered
the Fund's ability to generate greater distribution yield. However, the Fund's
exposure to insured paper was additive to performance given the ongoing
flight-to-quality.
Favorable credit conditions also contributed to positive performance. A stable
economy within the State of California has resulted in good performance for the
credits in our portfolio. The State continues to add jobs at a healthy pace and
maintain a low unemployment rate. However, monthly homes sales growth has
declined. We continue to closely monitor the housing situation and remain very
selective when buying special tax bonds. Our underwriting standards in this
sector have tightened up in response to our housing-related concerns.
WHAT IS THE OUTLOOK?
We are taking a cautious approach to the market as we expect technical
conditions to remain weak. Supply is up 37% for the year and the forward
calendar remains robust. Additionally, a flatter yield curve, low absolute rates
and tight credit spreads are conducive to greater levels of issuance going
forward. At the same time, demand is expected to remain firm, although some
resistance could occur given the current low absolute yields. Given these
expectations, we foresee further cheapening of the municipal market.
We expect credit conditions to remain generally stable, especially within the
State of California, and credit spreads to remain tight despite slower economic
growth and more moderate revenue gains at the state and local levels. However,
heightened concerns related to housing softness, higher energy costs and
weakening manufacturing have caused credit spreads to modestly widen. As such,
we believe the best of the current positive credit cycle is likely behind us and
performance going forward will be more inconsistent. When possible, we will
continue to trade up in credit quality to protect against credit-related
underperformance should credit spreads widen again. We do not, however, expect
the average rating for this Fund, which remains at A2, to change significantly.
DISTRIBUTION BY CREDIT QUALITY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
RATING LONG-TERM HOLDINGS
- -------------------------------------------------------------------
AAA 27.4%
- -------------------------------------------------------------------
AA 8.4
- -------------------------------------------------------------------
A 14.4
- -------------------------------------------------------------------
BBB 23.8
- -------------------------------------------------------------------
NR 26.0
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
General Obligations 9.1
- -------------------------------------------------------------------
Health Care/Services 3.5
- -------------------------------------------------------------------
Higher Education (Univ., Dorms, etc.) 15.5
- -------------------------------------------------------------------
Housing (HFA's, etc.) 3.2
- -------------------------------------------------------------------
Land Development 4.5
- -------------------------------------------------------------------
Miscellaneous 13.2
- -------------------------------------------------------------------
Pollution Control 3.0
- -------------------------------------------------------------------
Public Facilities 2.2
- -------------------------------------------------------------------
Special Tax Assessment 9.8
- -------------------------------------------------------------------
Tax Allocation 20.8
- -------------------------------------------------------------------
Utilities -- Combined 0.8
- -------------------------------------------------------------------
Utilities -- Gas 0.9
- -------------------------------------------------------------------
Utilities -- Water and Sewer 4.7
- -------------------------------------------------------------------
Short-Term Investments 8.0
- -------------------------------------------------------------------
Other Assets & Liabilities 0.8
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
84
The Hartford Tax-Free Minnesota Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS TO PROVIDE CURRENT INCOME EXEMPT FROM BOTH FEDERAL
INCOME TAX AND MINNESOTA STATE PERSONAL INCOME TAX.
PERFORMANCE OVERVIEW(1,3) 4/30/97 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS MUNICIPAL BOND
TAX-FREE MINNESOTA FUND INDEX
----------------------- ------------------------------
4/30/97 9550 10000
9675 10150
9773 10259
10004 10543
9894 10444
10002 10568
10063 10636
10115 10698
10255 10854
10346 10966
10329 10970
10332 10979
4/98 10276 10930
10437 11103
10469 11147
10492 11175
10694 11347
10828 11489
10780 11488
10824 11529
10846 11558
10950 11695
10900 11644
10890 11660
4/99 10923 11689
10837 11622
10699 11454
10730 11496
10655 11404
10643 11409
10524 11285
10621 11405
10567 11320
10513 11271
10644 11402
10820 11651
4/00 10756 11582
10693 11522
10928 11827
11065 11992
11225 12176
11161 12113
11288 12245
11371 12338
11681 12643
11752 12768
11802 12809
11883 12923
4/01 11723 12783
11863 12921
11930 13007
12106 13200
12284 13418
12230 13373
12393 13532
12238 13418
12112 13291
12285 13521
12348 13684
12139 13416
4/02 12363 13678
12423 13762
12566 13907
12710 14086
12843 14255
13111 14567
12846 14326
12755 14266
13055 14567
12994 14530
13192 14734
13181 14742
4/03 13235 14840
13588 15187
13514 15123
12972 14594
13053 14703
13490 15135
13390 15058
13547 15216
13681 15341
13736 15429
13948 15662
13926 15607
4/04 13588 15237
13553 15182
13583 15237
13761 15438
14045 15747
14131 15831
14242 15967
14108 15836
14289 16029
14403 16179
14349 16125
14254 16023
4/05 14462 16276
14563 16391
14626 16493
14549 16418
14710 16584
14588 16472
14479 16372
14549 16450
14653 16592
14687 16637
14779 16749
14684 16633
4/06 14674 16627
14751 16701
14699 16638
14852 16836
15065 17086
15173 17205
15255 17313
15362 17457
15310 17395
15270 17350
15454 17579
15429 17535
4/07 15452 17588
</Table>
<Table>
--- TAX-FREE MINNESOTA FUND --- LEHMAN BROTHERS MUNICIPAL BOND INDEX
$9,550 starting value $10,000 starting value
$15,452 ending value $17,588 ending value
</Table>
LEHMAN BROTHERS MUNICIPAL BOND INDEX is an unmanaged index of municipal bonds
with maturities greater than two years.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION 1 5 10 SINCE
DATE YEAR YEAR YEAR INCEPTION
- -------------------------------------------------------------------
Minnesota
A#.......... 6/2/1986 5.30% 4.56% 4.93% 5.80%
- -------------------------------------------------------------------
Minnesota
A##......... 6/2/1986 0.56% 3.60% 4.44% 5.57%
- -------------------------------------------------------------------
Minnesota
B#.......... 11/14/1994 4.61% 3.80% NA* NA*
- -------------------------------------------------------------------
Minnesota
B##......... 11/14/1994 -0.39% 3.45% NA* NA*
- -------------------------------------------------------------------
Minnesota
C#.......... 11/14/1994 4.56% 3.81% 4.09% 4.72%
- -------------------------------------------------------------------
Minnesota
C##......... 11/14/1994 3.56% 3.81% 4.09% 4.72%
- -------------------------------------------------------------------
Minnesota
L#.......... 11/14/1994 5.33% 4.58% 4.88% 5.50%
- -------------------------------------------------------------------
Minnesota
L##......... 11/14/1994 0.59% 3.62% 4.40% 5.11%
- -------------------------------------------------------------------
Minnesota
Y#.......... 2/19/2002 5.36% 4.72% NA 4.67%
- -------------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* 10 year and inception returns are not applicable for Classes
B, H and M because after 8 years Class B converts to Class A
and Classes H and M convert to Class L.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Classes A, B and C were offered beginning on February 19,
2002. Performance prior to that date is that of the fund's
Classes E, M and N shares, respectively, which have lower
operating expenses. Performance prior to February 19, 2002
would have been lower if Classes A, B and C shares expenses
were applied during that period.
(2) The initial investment in Classes A and L shares reflects
the maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, L and Y
shares will vary from results seen above due to differences
in the expenses charged to these share classes.
PORTFOLIO MANAGER
CHARLES GRANDE
Executive Vice President
CHRISTOPHER BADE
Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Tax-Free Minnesota Fund gained 1.29%, before
sales charge, for the six-month period ended April 30, 2007, versus its
benchmark, the Lehman Brothers Municipal Bond Index, which returned 1.58%, and
the 1.42% average return of the Lipper Minnesota Municipal Debt Funds category,
a group of funds with investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Slower economic growth and weakness in the residential housing sector led the
Federal Reserve Bank to continue to hold its target federal funds rate steady
during the period, despite a slight up tick in inflation. Within the municipal
bond market, weaker technical factors caused tax-exempt yields to rise all along
the curve. However, yields on shorter-maturity bonds rose more than yields on
longer maturity issues as a lack of strong retail demand for bonds with yields
below 4% caused the short and intermediate portions of the curve to
underperform. Long maturities, however, continued to enjoy the support of mutual
funds, which were awash with new fund inflows, and non-traditional buyers such
as crossover investors (i.e. investors that typically invest in taxable bonds
who crossover to municipal bonds) and arbitrage and hedge funds.
Given the relatively low level of interest rates, investors continued to reach
for incremental yield by moving out longer on the municipal curve. Although the
tax-exempt market slightly underperformed the taxable market, the municipal
yield curve remained relatively steeper and unlike the Treasury curve, has not
become inverted (i.e. short interest rates are higher than long interest rates).
Municipal issuance for the six-month period was up an impressive 32% compared to
the same period one year earlier. New issue volume for the state of Minnesota
has been on the rise as well, increasing 14% in the first four months of 2007.
One of the primary drivers of the Fund's performance during the period was its
yield-curve positioning. We emphasized the longer segment of the municipal
curve, favoring bonds with maturities of 25 years and longer. This strategy
helped increase returns as the long end of the curve outperformed the short end
by approximately 10 basis points for the overall period. The Fund's 40% exposure
to high yield paper rated BBB and below also helped performance due to continued
credit spread tightening (i.e. short and long term interest rates coming closer
together) in this segment of the market. Conversely, owning less insured paper
was
85
- --------------------------------------------------------------------------------
a drag on performance as we continue to experience a flight to-quality.
Performance was also hindered by the fact that the Fund held no tobacco bonds,
which continues to be a strong performing sector in our market. The state does
not issue tobacco bonds and we remain negative on those issued by Puerto Rico.
A significant exposure to health care and education continued to contribute
positively to performance as these sectors continue to benefit from positive
demographics and strong demand. We specifically favor charter school bonds
because these schools continue to enjoy strong state support and growing
acceptance as a better alternative to the local school system. The Fund remains
close to capacity in health care holdings, however, which could limit its future
ability to find incremental yield opportunities in this sector.
Favorable credit conditions, especially within the State of Minnesota, also
contributed to performance. Minnesota's fundamentally healthy economy continues
to serve the state well with steady demographic trends, high personal income
levels, and low unemployment.
WHAT IS THE OUTLOOK?
We are taking a cautious approach to the market as we expect technical
conditions to remain weak. Supply is up 37% for the year and the forward
calendar remains robust. Additionally, a flatter yield curve, low absolute rates
and tight credit spreads are conducive to greater levels of issuance going
forward. At the same time, demand is expected to remain firm, although some
resistance could occur given the current low absolute yields. Given these
expectations, we foresee further cheapening of the municipal market.
We expect credit conditions to remain generally stable, especially within the
State of Minnesota, and credit spreads to remain tight despite slower economic
growth and more moderate revenue gains at the state and local levels. However,
heightened concerns related to housing softness, higher energy costs and
weakening manufacturing have caused credit spreads to modestly widen. As such,
we believe the best of the current positive credit cycle is likely behind us and
performance going forward will be more inconsistent.
We will continue to be challenged with finding investment opportunities and
incremental yield away from the Health Care sector, which is approaching its
sector capacity, but will look for opportunities to swap out of low yielding
health care bonds in favor of higher yielding bonds.
The Minnesota State Senate recently approved in March a $1.0 billion increase in
the state's income taxes (to be paid by the wealthiest citizens) to fund
educational costs in the state, which could have favorable implications for many
local school credits and public universities. However, the House has yet to pass
the plan while Governor Pawlenty has stated he would veto it. The Governor's
proposed budget for the next biennium forecasts revenues to increase 4.4%. It
also forecasts spending to grow nearly 10%, including increased funding of 8% in
education and 18% in health care.
DISTRIBUTION BY CREDIT QUALITY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
RATING LONG-TERM HOLDINGS
- -------------------------------------------------------------------
AAA 27.1%
- -------------------------------------------------------------------
AA 11.8
- -------------------------------------------------------------------
A 21.2
- -------------------------------------------------------------------
BBB 25.9
- -------------------------------------------------------------------
NR 14.0
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Airport Revenues 4.3%
- -------------------------------------------------------------------
General Obligations 14.8
- -------------------------------------------------------------------
Health Care/Services 26.7
- -------------------------------------------------------------------
Higher Education (Univ., Dorms, etc.) 20.4
- -------------------------------------------------------------------
Housing (HFA's, etc.) 7.9
- -------------------------------------------------------------------
Miscellaneous 1.4
- -------------------------------------------------------------------
Pollution Control 3.6
- -------------------------------------------------------------------
Public Facilities 6.2
- -------------------------------------------------------------------
Special Tax Assessment 3.3
- -------------------------------------------------------------------
Utilities -- Combined 0.8
- -------------------------------------------------------------------
Utilities -- Electric 4.2
- -------------------------------------------------------------------
Utilities -- Water and Sewer 3.0
- -------------------------------------------------------------------
Short-Term Investments 2.0
- -------------------------------------------------------------------
Other Assets & Liabilities 1.4
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
86
The Hartford Tax-Free National Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS TO PROVIDE CURRENT INCOME EXEMPT FROM FEDERAL
INCOME TAX.
PERFORMANCE OVERVIEW(1,3) 4/30/97 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS MUNICIPAL BOND
TAX-FREE NATIONAL FUND INDEX
---------------------- ------------------------------
4/30/97 9550 10000
9689 10150
9793 10259
10113 10543
9955 10444
10086 10568
10145 10636
10196 10698
10370 10854
10476 10966
10451 10970
10436 10979
4/98 10346 10930
10544 11103
10564 11147
10574 11175
10756 11347
10890 11489
10853 11488
10882 11529
10912 11558
11021 11695
10953 11644
10934 11660
4/99 10975 11689
10877 11622
10688 11454
10719 11496
10620 11404
10611 11409
10460 11285
10583 11405
10513 11320
10452 11271
10598 11402
10807 11651
4/00 10737 11582
10667 11522
10933 11827
11073 11992
11246 12176
11176 12113
11297 12245
11376 12338
11734 12643
11814 12768
11840 12809
11938 12923
4/01 11723 12783
11854 12921
11939 13007
12128 13200
12386 13418
12314 13373
12480 13532
12317 13418
12144 13291
12366 13521
12483 13684
12209 13416
4/02 12473 13678
12579 13762
12718 13907
12891 14086
13053 14255
13365 14567
13088 14326
12972 14266
13322 14567
13230 14530
13460 14734
13441 14742
4/03 13557 14840
13937 15187
13832 15123
13195 14594
13326 14703
13725 15135
13635 15058
13799 15216
13946 15341
14042 15429
14265 15662
14236 15607
4/04 13877 15237
13823 15182
13870 15237
14072 15438
14378 15747
14465 15831
14603 15967
14481 15836
14674 16029
14828 16179
14769 16125
14659 16023
4/05 14919 16276
15049 16391
15149 16493
15089 16418
15257 16584
15143 16472
15056 16372
15154 16450
15286 16592
15325 16637
15432 16749
15347 16633
4/06 15342 16627
15421 16701
15389 16638
15569 16836
15820 17086
15957 17205
16081 17313
16225 17457
16167 17395
16152 17350
16332 17579
16300 17535
4/07 16338 17588
</Table>
<Table>
--- TAX-FREE NATIONAL FUND --- LEHMAN BROTHERS MUNICIPAL BOND INDEX
$9,550 starting value $10,000 starting value
$16,338 ending value $17,558 ending value
</Table>
LEHMAN BROTHERS MUNICIPAL BOND INDEX is an unmanaged index of municipal bonds
with maturities greater than two years.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION 1 5 10 SINCE
DATE YEAR YEAR YEAR INCEPTION
- ------------------------------------------------------------------
National A# 6/2/1986 6.50% 5.55% 5.51% 6.37%
- ------------------------------------------------------------------
National A## 6/2/1986 1.71% 4.58% 5.03% 6.13%
- ------------------------------------------------------------------
National B# 11/14/1994 5.66% 4.71% NA* NA*
- ------------------------------------------------------------------
National B## 11/14/1994 0.66% 4.38% NA* NA*
- ------------------------------------------------------------------
National C# 11/14/1994 5.64% 4.72% 4.62% 5.32%
- ------------------------------------------------------------------
National C## 11/14/1994 4.64% 4.72% 4.62% 5.32%
- ------------------------------------------------------------------
National L# 11/14/1994 6.36% 5.46% 5.38% 6.09%
- ------------------------------------------------------------------
National L## 11/14/1994 1.57% 4.50% 4.90% 5.70%
- ------------------------------------------------------------------
National Y# 2/19/2002 6.62% 5.78% NA 5.63%
- ------------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* 10 year and inception returns are not applicable for Classes
B, H and M because after 8 years Class B converts to Class A
and Classes H and M convert to Class L.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Classes A, B and C were offered beginning on February 19,
2002. Performance prior to that date is that of the fund's
Classes E, M and N shares, respectively, which have lower
operating expenses. Performance prior to February 19, 2002
would have been lower if Classes A, B and C shares expenses
were applied during that period.
(2) The initial investment in Classes A and L shares reflects
the maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, L, and Y
shares will vary from results seen above due to differences
in the expenses charged to these share classes.
PORTFOLIO MANAGER
CHARLES GRANDE
Executive Vice President
CHRISTOPHER BADE
Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Tax-Free National Fund returned 1.60%, before
sales charge, for the six-month period ended April 30, 2007. In comparison, its
benchmark, the Lehman Brothers Municipal Bond Index, returned 1.58%. The Fund
also outpaced the 1.44% average return of the Lipper General Municipal Debt
Funds category, a group of funds with investment strategies similar to those of
the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Slower economic growth and weakness in the residential housing sector led the
Federal Reserve Bank to continue to hold its target federal funds rate steady
during the period, despite a slight up tick in inflation. Within the municipal
bond market, weaker technical factors caused tax-exempt yields to rise all along
the curve. However, yields on shorter-maturity bonds rose more than yields on
longer maturity issues as a lack of strong retail demand for bonds with yields
below 4% caused the short and intermediate portions of the curve to
underperform. Long maturities, however, continued to enjoy the support of mutual
funds, which were awash with new fund inflows, and non-traditional buyers such
as crossover investors (i.e. investors that typically invest in taxable bonds
who crossover to municipal bonds) and arbitrage and hedge funds.
Given the relatively low level of interest rates, investors continued to reach
for incremental yield by moving out longer on the municipal curve. Although the
tax-exempt market slightly underperformed the taxable market, the municipal
yield curve remained relatively steeper and unlike the Treasury curve, has not
become inverted (i.e. short interest rates are higher than long interest rates).
Municipal issuance for the six-month period was up an impressive 32% compared to
the same period one year earlier.
One of the primary drivers of the Fund's performance during the period was its
yield-curve positioning. We emphasized the longer segment of the municipal
curve, favoring bonds with maturities of 25 years and longer. This strategy
helped increase returns as the long end of the curve outperformed the short end
by approximately 10 basis points for the overall period. The Fund's 19% exposure
to non-investment grade bonds also helped performance due to continued credit
spread tightening (i.e. short and long term interest rates coming closer
together) in this segment of the
87
- --------------------------------------------------------------------------------
market. We did, however, increase the Fund's exposure to high quality and
insured paper, which was additive to performance given the ongoing
flight-to-quality.
Good security selection and a significant exposure to health care, education and
special tax bonds (i.e. a bond secured by the special assessment taxes levied on
certain real estate) contributed positively to performance as well. We
specifically favor charter school bonds because these schools continue to enjoy
strong state support and growing acceptance as a better alternative to the local
school system. Although we remain cautious on exposure to the national housing
slowdown, the special tax bonds we did purchase are secured by good residential
development projects located in strong growth areas and are further along in
construction and sales.
Significant fund inflows and a lack of investment opportunities caused the Fund
to hold a greater percentage of cash and floating-rate bonds than we would
prefer. These short maturity positions were a drag on performance and hindered
the Fund's ability to generate greater distribution yield.
WHAT IS THE OUTLOOK?
We are taking a cautious approach to the market as we expect technical
conditions to remain weak. Supply is up 37% for the year and the forward
calendar remains robust. Additionally, a flatter yield curve, low absolute rates
and tight credit spreads are conducive to greater levels of issuance going
forward. At the same time, demand is expected to remain firm, although some
resistance could occur given the current low absolute yields. Given these
expectations, we foresee further cheapening of the municipal market.
We expect credit conditions to remain generally stable and credit spreads to
remain tight despite slower economic growth and more moderate revenue gains at
the state and local levels. However, heightened concerns related to housing
softness, higher energy costs and weakening manufacturing have caused credit
spreads to modestly widen. As such, we believe the best of the current positive
credit cycle is likely behind us and performance going forward will be more
inconsistent.
We plan to increase the Fund's exposure to non-investment grade bonds but will
do so selectively, particularly for special tax bonds. Our underwriting
standards in this sector have tightened up in response to our concerns with the
housing sector. Over the course of the period, we sold several lower investment
grade bonds in favor of higher quality bonds, which caused the average credit
rating for the Fund to improve from Baa1 to A3. We anticipate maintaining this
rating level going forward.
DISTRIBUTION BY CREDIT QUALITY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
RATING LONG-TERM HOLDINGS
- -------------------------------------------------------------------
AAA 15.1%
- -------------------------------------------------------------------
AA 12.6
- -------------------------------------------------------------------
A 20.1
- -------------------------------------------------------------------
BBB 23.0
- -------------------------------------------------------------------
BB 2.5
- -------------------------------------------------------------------
B 0.3
- -------------------------------------------------------------------
NR 26.4
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Airport Revenues 0.6%
- -------------------------------------------------------------------
General Obligations 14.6
- -------------------------------------------------------------------
Health Care/Services 20.3
- -------------------------------------------------------------------
Higher Education (Univ., Dorms, etc.) 11.7
- -------------------------------------------------------------------
Housing (HFA's, etc.) 6.7
- -------------------------------------------------------------------
Industrial 1.8
- -------------------------------------------------------------------
Land Development 3.9
- -------------------------------------------------------------------
Miscellaneous 15.7
- -------------------------------------------------------------------
Pollution Control 3.2
- -------------------------------------------------------------------
Public Facilities 5.9
- -------------------------------------------------------------------
Refunded with U.S. Gov't Securities 0.6
- -------------------------------------------------------------------
Special Tax Assessment 1.0
- -------------------------------------------------------------------
Tax Allocation 1.8
- -------------------------------------------------------------------
Transportation 1.1
- -------------------------------------------------------------------
Utilities -- Electric 2.3
- -------------------------------------------------------------------
Utilities -- Water and Sewer 3.7
- -------------------------------------------------------------------
Short-Term Investments 4.4
- -------------------------------------------------------------------
Other Assets & Liabilities 0.7
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
88
- --------------------------------------------------------------------------------
DISTRIBUTION BY STATE
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
STATE NET ASSETS
- -------------------------------------------------------------------
Alabama 1.2%
- -------------------------------------------------------------------
Alaska 1.2
- -------------------------------------------------------------------
Arizona 3.4
- -------------------------------------------------------------------
California 9.6
- -------------------------------------------------------------------
Colorado 4.5
- -------------------------------------------------------------------
Connecticut 0.6
- -------------------------------------------------------------------
Florida 9.4
- -------------------------------------------------------------------
Georgia 3.1
- -------------------------------------------------------------------
Idaho 0.6
- -------------------------------------------------------------------
Illinois 5.3
- -------------------------------------------------------------------
Indiana 1.2
- -------------------------------------------------------------------
Iowa 1.5
- -------------------------------------------------------------------
Kansas 2.0
- -------------------------------------------------------------------
Kentucky 0.1
- -------------------------------------------------------------------
Louisiana 0.3
- -------------------------------------------------------------------
Maryland 0.7
- -------------------------------------------------------------------
Massachusetts 0.7
- -------------------------------------------------------------------
Michigan 3.0
- -------------------------------------------------------------------
Minnesota 3.8
- -------------------------------------------------------------------
Mississippi 0.2
- -------------------------------------------------------------------
Missouri 1.9
- -------------------------------------------------------------------
Montana 0.4
- -------------------------------------------------------------------
Nevada 3.5
- -------------------------------------------------------------------
New Hampshire 1.1
- -------------------------------------------------------------------
New Jersey 2.7
- -------------------------------------------------------------------
New Mexico 1.0
- -------------------------------------------------------------------
New York 5.2
- -------------------------------------------------------------------
North Carolina 2.9
- -------------------------------------------------------------------
North Dakota 0.3
- -------------------------------------------------------------------
Ohio 1.1
- -------------------------------------------------------------------
Oklahoma 0.7
- -------------------------------------------------------------------
Other U.S. Territories 0.6
- -------------------------------------------------------------------
Pennsylvania 2.1
- -------------------------------------------------------------------
Rhode Island 4.6
- -------------------------------------------------------------------
South Carolina 3.6
- -------------------------------------------------------------------
Tennessee 1.6
- -------------------------------------------------------------------
Texas 3.3
- -------------------------------------------------------------------
Vermont 0.3
- -------------------------------------------------------------------
Virginia 2.5
- -------------------------------------------------------------------
Washington 2.8
- -------------------------------------------------------------------
Wisconsin 0.3
- -------------------------------------------------------------------
Short-Term Investments 4.4
- -------------------------------------------------------------------
Other Assets & Liabilities 0.7
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
89
The Hartford Tax-Free New York Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS TO PROVIDE CURRENT INCOME EXEMPT FROM FEDERAL, NEW
YORK STATE AND NEW YORK CITY INCOME TAX.
PERFORMANCE OVERVIEW(2) 10/31/02 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS NEW YORK MUNICIPAL
TAX-FREE NEW YORK FUND BOND INDEX
---------------------- ----------------------------------
10/31/02 9550 10000
9473 9945
9733 10161
9661 10138
9832 10275
9850 10285
4/03 9937 10350
10257 10584
10169 10542
9644 10185
9753 10267
10098 10563
10031 10515
10171 10622
10320 10698
10385 10758
10577 10915
10538 10874
4/04 10225 10627
10165 10588
10197 10621
10351 10761
10589 10970
10672 11029
10785 11121
10667 11028
10822 11155
10937 11252
10893 11220
10819 11147
4/05 10987 11314
11074 11392
11170 11460
11128 11406
11235 11518
11149 11441
11073 11377
11117 11424
11216 11525
11240 11554
11340 11637
11258 11559
4/06 11250 11554
11297 11605
11256 11560
11393 11696
11574 11861
11677 11942
11760 12014
11873 12112
11833 12071
11804 12044
11940 12196
11900 12168
4/07 11937 12205
</Table>
<Table>
--- TAX-FREE NEW YORK FUND --- LEHMAN BROTHERS NEW YORK MUNICIPAL
$9,550 starting value BOND INDEX
$11,937 ending value $10,000 starting value
$12,205 ending value
</Table>
LEHMAN BROTHERS NEW YORK MUNICIPAL BOND INDEX is an unmanaged index of municipal
bonds issued by the State of New York with maturities greater than two years.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR INCEPTION
- --------------------------------------------------
New York A# 10/31/2002 6.10% 5.08%
- --------------------------------------------------
New York A## 10/31/2002 1.32% 4.01%
- --------------------------------------------------
New York B# 10/31/2002 5.31% 4.32%
- --------------------------------------------------
New York B## 10/31/2002 0.31% 3.93%
- --------------------------------------------------
New York C# 10/31/2002 5.32% 4.32%
- --------------------------------------------------
New York C## 10/31/2002 4.32% 4.32%
- --------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(2) Growth of a $10,000 investment in Classes B and C shares
will vary from results seen above due to differences in the
expenses charged to these share classes.
PORTFOLIO MANAGER
CHARLES GRANDE
Executive Vice President
CHRISTOPHER BADE
Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Tax-Free New York Fund returned 1.50%, before
sales charge, for the six-month period ended April 30, 2007. In comparison, its
benchmark, the Lehman Brothers New York Municipal Bond Index, returned 1.58%.
The Fund outpaced the 1.43% average return of the Lipper New York Municipal Debt
Funds category, a group of funds with investment strategies similar to those of
the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Slower economic growth and weakness in the residential housing sector led the
Federal Reserve Bank to continue to hold its target federal funds rate steady
during the period, despite a slight up tick in inflation. Within the municipal
bond market, weaker technical factors caused tax-exempt yields to rise all along
the curve. However, yields on shorter-maturity bonds rose more than yields on
longer maturity issues as a lack of strong retail demand for bonds with yields
below 4% caused the short and intermediate portions of the curve to
underperform. Long maturities, however, continued to enjoy the support of mutual
funds, which were awash with new fund inflows, and non-traditional buyers such
as crossover investors (i.e. investors that typically invest in taxable bonds
who crossover to municipal bonds) and arbitrage and hedge funds.
Given the relatively low level of interest rates, investors continued to reach
for incremental yield by moving out longer on the municipal curve. Although the
tax-exempt market slightly underperformed the taxable market, the municipal
yield curve remained relatively steeper and unlike the Treasury curve, has not
become inverted (i.e. short interest rates are higher than long interest rates).
Municipal issuance for the six-month period was up an impressive 32% compared to
the same period one year earlier. Issuance in the State of New York, however,
has declined by 11% this year.
One of the primary drivers of the Fund's performance during the period was its
yield-curve positioning. We emphasized the longer segment of the municipal
curve, favoring bonds with maturities of 20 years and longer. This strategy
helped increase returns as the long end of the curve outperformed the short end
by approximately 10 basis points for the overall period.
Another positive for performance was an increase in the Fund's holdings of
higher yielding bonds -- in particular, BBB and BB rated credits -- which
benefited from continued credit spread tightening (i.e. short and long term
interest rates coming closer together) during the period. However, the lack of
non investment grade opportunities in New York resulted in the Fund holding less
BB rated bonds than we would prefer, which was a drag on
90
- --------------------------------------------------------------------------------
performance as this segment of the market outperformed high-quality issues. The
Fund's small allocation to insured paper also hindered returns as the ongoing
flight-to-quality pushed prices on these securities higher.
The Fund held a greater percentage of floating-rate bonds for a longer period of
time than we would prefer due to lower fund inflows and fewer investment
opportunities elsewhere. Our inability to sell these floating-rate securities in
a timelier manner hurt performance and hindered the Fund's ability to generate
greater distribution yield.
On a more positive note, the Fund's significant exposure to the education,
tobacco, and health care sectors continued to contribute positively to
performance. We increased our exposure to non-rated charter school bonds because
these schools continue to enjoy strong state support and growing acceptance as a
better alternative to the local school system. Favorable rulings in the tobacco
industry helped the Fund's tobacco bond holdings to perform well while health
care and education holdings continued to benefit from positive demographic
trends and strong demand.
Favorable credit conditions within the State of New York also proved additive to
performance. The state's economy remains stable, anchored by the strength of New
York City, which enjoyed higher than forecasted revenue last year and higher
profits for Wall Street firms.
WHAT IS THE OUTLOOK?
We are taking a cautious approach to the market as we expect technical
conditions to remain weak. Supply is up 37% for the year and the forward
calendar remains robust. Additionally, a flatter yield curve, low absolute rates
and tight credit spreads are conducive to greater levels of issuance going
forward. At the same time, demand is expected to remain firm, although some
resistance could occur given the current low absolute yields. Given these
expectations, we foresee further cheapening of the municipal market.
We expect credit conditions to remain generally stable, especially within the
State of New York, and credit spreads to remain tight despite slower economic
growth and more moderate revenue gains at the state and local levels. However,
heightened concerns related to housing softness, higher energy costs and
weakening manufacturing have caused credit spreads to modestly widen. As such,
we believe the best of the current positive credit cycle is likely behind us and
performance going forward will be more inconsistent.
New York State passed its $120.9 billion budget for the 2008 fiscal year on
time, which represents a manageable 7% increase in spending. In addition,
Governor Spitzer was able to pass several reform measures for both Medicaid and
school aid, which should serve the state well going forward.
We still prefer investing in the longer segment of the municipal curve for
incremental yield. Given the low interest rate environment, however, we are
cautious about purchasing longer bonds with coupons below 5% as these bonds
present fewer opportunities to outperform in the future. As of the end of the
period, the average credit rating for the Fund was A2. We do not expect this
rating to change unless we find attractive investment opportunities in higher
yielding, non-investment grade bonds.
DISTRIBUTION BY CREDIT QUALITY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
RATING LONG-TERM HOLDINGS
- -------------------------------------------------------------------
AAA 21.4%
- -------------------------------------------------------------------
AA 19.6
- -------------------------------------------------------------------
A 23.3
- -------------------------------------------------------------------
BBB 26.0
- -------------------------------------------------------------------
BB 3.4
- -------------------------------------------------------------------
B 1.0
- -------------------------------------------------------------------
NR 5.3
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Airport Revenues 2.3%
- -------------------------------------------------------------------
General Obligations 7.4
- -------------------------------------------------------------------
Health Care/Services 14.4
- -------------------------------------------------------------------
Higher Education (Univ., Dorms, etc.) 26.7
- -------------------------------------------------------------------
Industrial 4.3
- -------------------------------------------------------------------
Land Development 1.0
- -------------------------------------------------------------------
Miscellaneous 16.3
- -------------------------------------------------------------------
Pollution Control 6.5
- -------------------------------------------------------------------
Public Facilities 7.2
- -------------------------------------------------------------------
Special Tax Assessment 2.9
- -------------------------------------------------------------------
Transportation 2.9
- -------------------------------------------------------------------
Utilities -- Electric 1.6
- -------------------------------------------------------------------
Utilities -- Water and Sewer 2.9
- -------------------------------------------------------------------
Short-Term Investments 1.8
- -------------------------------------------------------------------
Other Assets & Liabilities 1.8
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
91
The Hartford Total Return Bond Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS A COMPETITIVE TOTAL RETURN, WITH INCOME AS A
SECONDARY OBJECTIVE.
PERFORMANCE OVERVIEW(3) 4/30/97 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
LEHMAN BROTHERS U.S. AGGREGATE BOND
TOTAL RETURN BOND FUND INDEX
---------------------- -----------------------------------
4/30/97 9550 10000
9653 10095
9792 10215
10117 10491
10008 10402
10168 10556
10257 10709
10326 10758
10469 10867
10611 11006
10604 10997
10649 11034
4/98 10686 11092
10792 11197
10872 11292
10871 11316
10942 11500
11236 11770
11108 11707
11224 11774
11254 11809
11342 11893
11057 11685
11113 11749
4/99 11171 11787
11011 11683
10944 11646
10905 11597
10883 11591
10983 11725
11008 11769
11013 11768
10948 11711
10921 11673
11052 11814
11199 11970
4/00 11180 11935
11173 11929
11428 12177
11503 12288
11635 12466
11701 12545
11733 12627
11915 12835
12181 13073
12447 13286
12520 13402
12537 13469
4/01 12519 13412
12588 13493
12568 13544
12858 13848
13002 14007
13034 14169
13253 14465
13181 14266
13121 14174
13172 14289
13223 14428
13017 14188
4/02 13268 14464
13407 14586
13386 14712
13415 14890
13672 15142
13799 15387
13849 15316
13998 15311
14340 15628
14459 15642
14678 15858
14698 15846
4/03 14885 15977
15202 16275
15189 16242
14730 15696
14833 15800
15231 16219
15119 16068
15173 16106
15364 16270
15484 16401
15602 16579
15690 16703
4/04 15309 16268
15254 16203
15315 16295
15423 16456
15689 16770
15764 16816
15890 16957
15835 16821
15968 16976
16043 17083
15983 16982
15875 16895
4/05 16063 17123
16195 17308
16310 17403
16189 17244
16363 17466
16176 17286
16048 17149
16112 17225
16243 17388
16252 17389
16286 17447
16132 17276
4/06 16117 17245
16074 17226
16085 17263
16267 17496
16510 17764
16627 17920
16745 18039
16947 18248
16872 18142
16908 18134
17144 18414
17129 18415
4/07 17226 18514
</Table>
<Table>
--- TOTAL RETURN BOND FUND --- LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX
$9,550 starting value $10,000 starting value
$17,226 ending value $18,514 ending value
</Table>
LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX is an unmanaged index and is composed
of securities from the Lehman Brothers Government/Credit Bond Index,
Mortgage-Backed Securities Index, Asset-Backed Securities Index and Commercial
Mortgage-Backed Securities Index.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION 1 5 10 SINCE
DATE YEAR YEAR YEAR INCEPTION
- ---------------------------------------------------------------------
Total Return A# 7/22/1996 6.89% 5.36% 6.07% 6.28%
- ---------------------------------------------------------------------
Total Return A## 7/22/1996 2.08% 4.39% 5.59% 5.82%
- ---------------------------------------------------------------------
Total Return B# 7/22/1996 6.00% 4.57% NA* NA*
- ---------------------------------------------------------------------
Total Return B## 7/22/1996 1.00% 4.24% NA* NA*
- ---------------------------------------------------------------------
Total Return C# 7/22/1996 6.10% 4.67% 5.35% 5.55%
- ---------------------------------------------------------------------
Total Return C## 7/22/1996 5.10% 4.67% 5.35% 5.55%
- ---------------------------------------------------------------------
Total Return I# 7/23/1996 7.19% 5.42% 6.10% 6.31%
- ---------------------------------------------------------------------
Total Return R3# 7/22/1996 7.02% 5.76% 6.53% 6.74%
- ---------------------------------------------------------------------
Total Return R4# 7/22/1996 7.10% 5.78% 6.54% 6.74%
- ---------------------------------------------------------------------
Total Return R5# 7/22/1996 7.18% 5.79% 6.55% 6.75%
- ---------------------------------------------------------------------
Total Return Y# 7/22/1996 7.35% 5.83% 6.57% 6.77%
- ---------------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* 10 year and inception returns are not applicable for Class B
because after 8 years Class B converts to Class A.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Class C shares commenced operations on 7/31/98. Performance
prior to 7/31/98 reflects Class B performance less Class C
sales charges where applicable. Class I shares commenced
operations on 8/31/06. Performance prior to 8/31/06 reflects
Class A performance. Class R3, R4 and R5 shares commenced
operations on 12/22/06. Performance prior to 12/22/06
reflects Class Y performance.
(2) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, R3, R4,
R4 and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGER
NASRI TOUTOUNGI
Managing Director
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Total Return Bond Fund returned 2.87%, before
sales charge, for the six-month period ended April 30, 2007, versus its
benchmark, the Lehman Brothers U.S. Aggregate Bond Index which gained 2.64%, and
the 2.56% average return of the Lipper Intermediate Investment Grade Funds
category, a group of funds with investment strategies similar to those of the
Fund.
WHY DID THE FUND PERFORM THIS WAY?
The Fund's overall outperformance was driven by a favorable combination of
sector rotation (i.e. shifting of assets between different sectors), interest
rate positioning, and security selection. Sector rotation was the largest
positive contributor as strong performance in lower quality credit, specifically
high yield and emerging markets, drove the Fund's returns throughout the period.
These allocations were maintained against underweights (i.e. the Fund's sector
position was less than the benchmark position) to U.S. Treasuries and agencies,
which underperformed most sectors of the overall market.
Interest rate risk was tactically managed, with the bulk of the outperformance
driven by decisions early in the six-month period. Overall, these interest rate
decisions drove performance more so than the Fund's yield curve positioning. In
addition, security selection added modestly to the Fund's outperformance, helped
by an overweight (i.e. the Fund's sector position was greater than the benchmark
position) to longer maturity investment grade corporate bonds.
WHAT IS THE OUTLOOK?
The economy has experienced slower growth over the past two calendar quarters.
Moderation in employment, consumer spending and business investment, driven in
large part by weakness in the housing and manufacturing sectors, has contributed
to this slowdown. Inflation still remains a concern for the Federal Open Market
Committee (the "Federal Reserve"). Although core prices
92
- --------------------------------------------------------------------------------
have softened recently, they still remain above the Federal Reserve's "comfort
range" of 1% to 2%. This, and the recent spike in gasoline prices, should keep
the Federal Reserve's "balance of risks" focused on inflation over the coming
months. In our view, if the economy continues to follow the Federal Reserve's
outlook of moderately paced growth and an easing in core price pressures,
changes in interest rate policy should remain on hold. As such, we see interest
rates as range bound over the coming months.
We remain positive on credit risk and see value in lower quality sectors like
high yield and bank loans. We currently view the attractiveness of the
investment grade corporate bond market as fair, though re-levering and leveraged
buyout activity have increased risk in this part of the market. We have
initiated and maintain an allocation to U.S. Treasury Inflation Protected
Securities (TIPS) as headline inflation pressures, led by high gasoline prices,
have increased the attractiveness of this sector.
DISTRIBUTION BY CREDIT QUALITY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
LONG-TERM
RATING HOLDINGS
- -------------------------------------------------------------------
AAA 59.8%
- -------------------------------------------------------------------
AA 3.4
- -------------------------------------------------------------------
A 10.6
- -------------------------------------------------------------------
BBB 9.6
- -------------------------------------------------------------------
BB 9.8
- -------------------------------------------------------------------
B 3.2
- -------------------------------------------------------------------
NR 3.6
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 1.9%
- -------------------------------------------------------------------
Capital Goods 0.4
- -------------------------------------------------------------------
Consumer Cyclical 1.8
- -------------------------------------------------------------------
Consumer Staples 0.8
- -------------------------------------------------------------------
Energy 2.0
- -------------------------------------------------------------------
Finance 24.7
- -------------------------------------------------------------------
Foreign Governments 0.1
- -------------------------------------------------------------------
General Obligations 0.1
- -------------------------------------------------------------------
Health Care 2.1
- -------------------------------------------------------------------
Services 4.2
- -------------------------------------------------------------------
Technology 5.1
- -------------------------------------------------------------------
Transportation 0.6
- -------------------------------------------------------------------
U.S. Government Agencies 36.4
- -------------------------------------------------------------------
U.S. Government Securities 13.2
- -------------------------------------------------------------------
Utilities 1.6
- -------------------------------------------------------------------
Short-Term Investments 40.4
- -------------------------------------------------------------------
Other Assets & Liabilities -35.4
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
93
The Hartford U.S. Government Securities Fund
(subadvised by Hartford Investment Management Company)
INVESTMENT OBJECTIVE -- SEEKS TO PROVIDE CURRENT INCOME WHILE MAINTAINING
PRESERVATION OF CAPITAL CONSISTENT WITH PRUDENT INVESTMENT RISK.
PERFORMANCE OVERVIEW(1,3) 4/30/97 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
U.S. GOVERNMENT SECURITIES FUND LEHMAN BROTHERS U.S. GOV'T INDEX
------------------------------- --------------------------------
4/30/97 9550 10000
9634 10086
9739 10199
9987 10489
9905 10385
10053 10541
10190 10724
10218 10779
10313 10891
10452 11054
10432 11024
10468 11056
4/98 10504 11105
10609 11219
10714 11347
10728 11365
10949 11660
11218 11974
11116 11934
11165 11938
11191 11964
11238 12034
11013 11748
11072 11794
4/99 11096 11820
10989 11717
10942 11693
10895 11676
10872 11676
11008 11771
11022 11790
11026 11773
10968 11697
10923 11713
11042 11880
11174 12089
4/00 11155 12055
11136 12063
11334 12278
11430 12397
11591 12580
11690 12616
11777 12737
11983 12987
12229 13246
12370 13380
12499 13532
12562 13579
4/01 12489 13441
12537 13485
12553 13547
12836 13872
12971 14044
13199 14289
13422 14658
13228 14329
13145 14204
13215 14296
13375 14428
13195 14114
4/02 13439 14451
13542 14537
13659 14741
13899 15064
14081 15363
14321 15723
14273 15597
14192 15462
14567 15837
14486 15797
14711 16052
14673 16006
4/03 14761 16080
15053 16498
14916 16411
14267 15733
14319 15821
14728 16281
14567 16049
14602 16068
14696 16210
14790 16344
14948 16540
15061 16686
4/04 14715 16184
14599 16124
14683 16189
14830 16340
15056 16658
15047 16692
15161 16825
15039 16625
15169 16774
15234 16879
15142 16760
15118 16704
4/05 15317 16972
15440 17168
15500 17265
15347 17057
15545 17308
15403 17104
15281 16983
15311 17060
15439 17218
15433 17189
15474 17216
15328 17061
4/06 15282 17014
15256 17017
15282 17065
15463 17268
15662 17512
15793 17668
15856 17760
16022 17941
15905 17817
15900 17795
16135 18069
16132 18074
4/07 16214 18164
</Table>
<Table>
--- U.S. GOVERNMENT SECURITIES FUND --- LEHMAN BROTHERS U.S. GOV'T INDEX
$9,550 starting value $10,000 starting value
$16,214 ending value $18,164 ending value
</Table>
LEHMAN BROTHERS U.S. GOVERNMENT INDEX is an unmanaged index of government bonds
with maturities of one year or more.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION 1 5 10 SINCE
DATE YEAR YEAR YEAR INCEPTION
- --------------------------------------------------------------------
U.S. Gov A# 2/28/1973 6.10% 3.83% 5.43% 7.41%
- --------------------------------------------------------------------
U.S. Gov A## 2/28/1973 1.33% 2.87% 4.95% 7.27%
- --------------------------------------------------------------------
U.S. Gov B# 11/14/1994 5.35% 3.09% NA* NA*
- --------------------------------------------------------------------
U.S. Gov B## 11/14/1994 0.35% 2.74% NA* NA*
- --------------------------------------------------------------------
U.S. Gov C# 11/14/1994 5.34% 3.09% 4.54% 5.07%
- --------------------------------------------------------------------
U.S. Gov C## 11/14/1994 4.34% 3.09% 4.54% 5.07%
- --------------------------------------------------------------------
U.S. Gov L# 11/14/1994 6.19% 3.93% 5.35% 5.88%
- --------------------------------------------------------------------
U.S. Gov L## 11/14/1994 1.41% 2.97% 4.86% 5.49%
- --------------------------------------------------------------------
U.S. Gov Y# 2/19/2002 5.93% 4.20% NA 4.20%
- --------------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* 10 year and inception returns are not applicable for Classes
B, H and M because after 8 years Class B converts to Class A
and Classes H and M convert to Class L.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Classes A, B and C were offered beginning on February 19,
2002. Performance prior to that date is that of the fund's
Classes E, M and N shares, respectively, which have lower
operating expenses. Performance prior to February 19, 2002
would have been lower if Classes A, B and C shares expenses
were applied during that period.
(2) The initial investment in Classes A and L shares reflects
the maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, L, and Y
shares will vary from results seen above due to differences
in the expenses charged to these share classes.
PORTFOLIO MANAGER
CHRISTOPHER HANLON
Senior Vice President
RUSSELL M. REGENAUER
Senior Vice President
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford U.S. Government Securities Fund returned
2.26%, before sales charge, for the six-month period ended April 30, 2007. In
comparison, its benchmark, the Lehman Brothers U.S. Government Index, returned
2.27%. The Fund outperformed the 2.20% average return of the Lipper General U.S.
Government Securities Funds category, a group of funds with investment
strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Both sector allocation and security selection were positive contributors to the
Fund's performance during the period. The most notable sector contributors were
out-of-benchmark allocations to mortgage-backed securities (MBS), asset-backed
securities (ABS), and Treasury Inflation Protected Securities (TIPS). During the
period, we added exposure to all of these sectors, as well as to Small Business
Administration (SBA) loans, while reducing the Fund's holdings in Treasuries and
agencies. Higher coupon MBS were added on expectations of strong performance
while holdings of agency hybrid adjustable-rate mortgage securities (ARMS) were
increased as an attractive short-duration asset. Our expectations of higher
energy prices and inflation led us to increase the Fund's exposure to TIPS to
3.5% of total holdings toward the end of the period.
Allocations away from Treasuries and agencies also contributed to returns as
these sectors underperformed most spread sectors (i.e. those fixed income
sectors typically yielding that offer yield premiums over Treasurys) during the
period. Within the MBS market, allocations to collateralized mortgage obligation
(CMO) securities and higher coupon 30-year collateral (e.g. 6% and 6.5% coupons)
added value, as did agency guaranteed hybrid ARMS. The Fund also benefited from
positive security selection in agency securities, particularly 30-year paper,
and in Treasury securities.
94
- --------------------------------------------------------------------------------
In terms of duration (i.e. sensitivity to changes in interest rates)
positioning, the Fund had a slight bias toward higher interest rates at the
beginning of the period. As rates increased in January, we began to further
reduce the Fund's duration. Although this strategy was beneficial to performance
in the fourth quarter of 2006 when rates were rising, it detracted from relative
(i.e. performance of the Fund as measured against the benchmark) returns in the
latter months of the period when softer economic data in late February and March
and a flight-to-quality forced yields lower. The Fund was also positioned for a
steeper Treasury yield curve. This posture proved additive to performance as the
shape of the yield curve went from inverted at the beginning of the period to
slightly positive later in the period on a flight-to-quality bid and worries of
spillover effects from the troubled sub-prime mortgage sector into the broader
housing market.
WHAT IS THE OUTLOOK?
We believe Treasury yields will remain in a narrow range in the near future,
with a longer term bias towards a steeper yield curve. While the Fund has a
modest yield curve steepening position in the two- to 10-year part of the curve,
if an ease in Federal Reserve policy appears imminent, we will position the
portfolio more aggressively. In this environment, we continue to favor MBS.
Where spreads have widened due to sub-prime mortgage fears, however, we will
look to opportunistically add A and BBB rated ABS securities. As of the end of
the period, more than 97% of the Fund's assets were held in securities rated AAA
or issued by the U.S. Government. Going forward, we will continue to maintain
the Fund's high quality profile.
DISTRIBUTION BY CREDIT QUALITY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
RATING LONG-TERM HOLDINGS
- -------------------------------------------------------------------
AAA 99.8%
- -------------------------------------------------------------------
BBB 0.2
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
DISTRIBUTION BY SECTOR
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
CATEGORY SECTOR NET ASSETS
- -------------------------------------------------------------------
Asset and Commercial Mortgage Backed Securities 7.6%
- -------------------------------------------------------------------
Corporate Bonds: Investment Grade 0.2
- -------------------------------------------------------------------
Federal Home Loan Mortgage Corporation 19.9
- -------------------------------------------------------------------
Federal National Mortgage Association 42.8
- -------------------------------------------------------------------
Government National Mortgage Association 8.4
- -------------------------------------------------------------------
Other Direct Federal Obligations 3.6
- -------------------------------------------------------------------
Small Business Administration Participation
Certificate 11.1
- -------------------------------------------------------------------
U.S. Treasury Securities 3.4
- -------------------------------------------------------------------
Short-Term Investments 7.5
- -------------------------------------------------------------------
Other Assets & Liabilities -4.1
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
95
The Hartford Value Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS LONG-TERM TOTAL RETURN.
PERFORMANCE OVERVIEW(2) 4/30/01 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
VALUE FUND RUSSELL 1000 VALUE INDEX
---------- ------------------------
4/30/01 9450 10000
9554 10225
9488 9998
9507 9977
9214 9577
8552 8903
8524 8826
9062 9339
9319 9559
9157 9486
9119 9501
9319 9950
4/02 8891 9609
8920 9657
8388 9103
7694 8256
7552 8319
6716 7394
7210 7942
7609 8442
7160 8076
6912 7881
6806 7670
6854 7683
4/03 7419 8359
7907 8899
7974 9010
8041 9144
8204 9286
8079 9196
8539 9759
8673 9891
9155 10501
9222 10685
9338 10914
9242 10819
4/04 9087 10554
9222 10662
9396 10914
9049 10760
9107 10913
9213 11082
9367 11267
9724 11836
10057 12233
9883 12016
10280 12414
10057 12243
4/05 9951 12024
10125 12314
10202 12448
10561 12809
10541 12753
10706 12932
10444 12603
10774 13018
10813 13096
11222 13604
11359 13687
11485 13873
4/06 11768 14225
11524 13866
11612 13954
11895 14294
12129 14533
12343 14823
12586 15308
12766 15657
13077 16009
13306 16213
13108 15961
13347 16207
4/07 13877 16806
</Table>
<Table>
--- VALUE FUND --- RUSSELL 1000 VALUE INDEX
$9,450 starting value $10,000 starting value
$13,877 ending value $16,806 ending value
</Table>
RUSSELL 1000 VALUE INDEX measures the performance of those Russell 1000 Index
companies with lower price-to-book ratios and lower forecasted growth values.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION SINCE
DATE 1 YEAR 5 YEAR INCEPTION
- -------------------------------------------------------
Value A# 4/30/2001 17.93% 9.31% 6.61%
- -------------------------------------------------------
Value A## 4/30/2001 11.44% 8.08% 5.61%
- -------------------------------------------------------
Value B# 4/30/2001 17.03% 8.53% 5.83%
- -------------------------------------------------------
Value B## 4/30/2001 12.03% 8.24% 5.70%
- -------------------------------------------------------
Value C# 4/30/2001 17.03% 8.51% 5.83%
- -------------------------------------------------------
Value C## 4/30/2001 16.03% 8.51% 5.83%
- -------------------------------------------------------
Value R3# 4/30/2001 18.13% 9.60% 6.93%
- -------------------------------------------------------
Value R4# 4/30/2001 18.22% 9.62% 6.94%
- -------------------------------------------------------
Value R5# 4/30/2001 18.40% 9.65% 6.97%
- -------------------------------------------------------
Value Y# 4/30/2001 18.49% 9.67% 6.98%
- -------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) The initial investment in Class A shares reflects the
maximum sales charge and Classes B and C reflect CDSC. Class
R3, R4 and R5 shares commenced operations on 12/22/06.
Performance prior to 12/22/06 reflects Class Y performance.
(2) Growth of a $10,000 investment in Classes B, C, R3, R4, R5
and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
PORTFOLIO MANAGER
JOHN R. RYAN, CFA
Senior Vice President, Managing Partner
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Value Fund returned 10.25%, before sales
charge, for the six-month period ended April 30, 2007, outperforming its
benchmark, the Russell 1000 Value Index, which returned 9.79% for the same
period. The Fund also outperformed the 9.17% return of the average fund in the
Lipper Large Cap Value Funds peer group, a group of funds with investment
strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
During the period, U.S. equities posted strong positive returns. Continuing the
trend of the last seven years, value-oriented stocks outperformed
growth-oriented stocks, measured by the Russell 1000 Value Index (9.79%) versus
the Russell 1000 Growth Index (8.42%). All ten broad industry sectors of the
Fund's Russell 1000 Value Index benchmark posted positive returns, with
Utilities (19.64%) and Materials (18.65%) leading the way. In a reversal of
prior trends, large cap stocks outperformed small cap stocks but underperformed
mid cap stocks. The Russell 2000 Small Cap Index returned (6.86%), compared to
the S&P 500 Index return of (8.60%) and the S&P 400 Mid Cap Index return of
(11.98%).
The primary driver of absolute (i.e. total return) and benchmark relative (i.e.
performance of the Fund as measured against the benchmark) returns was strong
positive stock selection. Stock selection was strongest within Consumer Staples,
Health Care and Utilities. Sector allocation had little impact on performance.
The top three absolute contributors to performance were Exxon Mobil (Energy),
AT&T (Telecommunication Services) and Supervalu (Consumer Staples).
Additionally, on a benchmark relative basis, National-Oilwell (Energy) and Tyson
Foods (Consumer Staples) were significant contributors. Exxon Mobil's shares
climbed due to high demand for energy and higher prices. AT&T's shares benefited
from its much anticipated merger with BellSouth. Supervalu's shares rose
following the completion of its acquisition of 1,100 stores from Albertson's. As
a result of the acquisition, the market believes the company will be able to
improve distribution and cut costs. National Oilwell's margins increased on
strong revenue growth despite the pullback in oil prices. Tyson Foods' shares
benefited from a better than expected quarter due to operational improvements in
beef and significant company-wide cost savings. We owned these stocks at the end
of the period.
The three largest detractors from benchmark relative returns were Motorola
(Telecommunication Services), Gap (Consumer Discretionary) and Bank of America
(Financials). Additionally, not owning strong performing Valero Energy (Energy)
also detracted from relative performance. Motorola's shares fell on concerns
about their product line as the RAZR phone matures and as competitors gain
traction in the cell phone market. We eliminated our position in Motorola during
the period. Retailer Gap
96
- --------------------------------------------------------------------------------
underperformed as management continues to restructure both the Gap and Old Navy
divisions. The company faced sluggish sales and negative traffic trends. Bank of
America's shares weakened following management's report that net fee income was
lower than expected, driven mainly by softness in credit cards. We held onto our
positions in Gap and Bank of America at the end of the period.
WHAT IS THE OUTLOOK?
While global economic growth appears to be on track, there clearly has been a
deceleration in the U.S. We continue to anticipate 2-3% domestic GDP growth,
with global growth above of 3% and global profit growth in the single digits.
Overall, the inflation picture is mixed, as the recovery in oil prices and
increases in grain prices predict increased pressure on inflation and interest
rates. The biggest negative in the economy is housing, which was overbuilt and
clearly is correcting. However, we consider physical statistics such as freight
volumes and airline passenger figures as more useful gauges of the overall
health of the economy, and so far these measures point toward steady but slowing
growth.
Recently, the market has punished caution and rewarded risk, but we may be
entering a period where risk is more efficiently priced. We are positioned for
continued global growth, but have taken cyclical exposure off the table on the
margin by buying consumer staples companies and selling more economically
sensitive names.
At the end of the period, relative to the Russell 1000 Value Index, the Fund was
overweight (i.e. the Fund's sector position was greater than the benchmark
position) Consumer Staples, Industrials, Information Technology and Energy and
underweight (i.e. the Fund's sector position was less than the benchmark
position) Financials, Consumer Discretionary, Utilities, Materials,
Telecommunication Services and Health Care.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 5.4%
- -------------------------------------------------------------------
Capital Goods 7.4
- -------------------------------------------------------------------
Consumer Cyclical 8.5
- -------------------------------------------------------------------
Consumer Staples 5.9
- -------------------------------------------------------------------
Energy 11.5
- -------------------------------------------------------------------
Finance 30.0
- -------------------------------------------------------------------
Health Care 6.9
- -------------------------------------------------------------------
Services 2.7
- -------------------------------------------------------------------
Technology 14.3
- -------------------------------------------------------------------
Transportation 2.1
- -------------------------------------------------------------------
Utilities 4.0
- -------------------------------------------------------------------
Short-Term Investments 7.7
- -------------------------------------------------------------------
Other Assets & Liabilities -6.4
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
97
The Hartford Value Opportunities Fund
(subadvised by Wellington Management Company, LLP)
INVESTMENT OBJECTIVE -- SEEKS SHORT- AND LONG-TERM
CAPITAL APPRECIATION.
PERFORMANCE OVERVIEW(1,3) 4/30/97 - 4/30/07
Growth of a $10,000 investment in Class A which includes Sales Charge
(LINE GRAPH)
<Table>
<Caption>
VALUE OPPORTUNITIES FUND RUSSELL 3000 VALUE INDEX RUSSELL 1000 VALUE INDEX
------------------------ ------------------------ ------------------------
4/30/97 9450 10000 10000
9998 10582 10559
10245 11044 11012
10809 11839 11840
10431 11476 11418
10925 12176 12108
10616 11837 11770
11079 12321 12290
11284 12686 12649
11352 12501 12470
12013 13335 13310
12493 14124 14124
4/98 12528 14216 14218
12245 13977 14007
12390 14132 14187
11944 13806 13937
10168 11742 11863
10563 12415 12543
11215 13327 13515
11858 13927 14145
12229 14399 14626
12400 14479 14743
12068 14215 14535
12381 14479 14836
4/99 13237 15829 16221
12932 15701 16043
13446 16165 16509
13027 15698 16025
12619 15117 15431
12096 14605 14891
12628 15363 15749
12638 15257 15625
13310 15356 15701
12779 14862 15189
12054 13893 14060
13892 15465 15776
4/00 13995 15303 15592
14178 15438 15756
13300 14810 15036
13576 15016 15225
14608 15840 16072
14230 15970 16219
15333 16333 16617
14796 15744 16001
15818 16590 16802
16571 16681 16867
16076 16246 16398
15245 15694 15818
4/01 16391 16461 16594
16402 16834 16967
16256 16534 16591
15795 16475 16555
14942 15856 15892
13268 14696 14774
13470 14604 14646
14465 15466 15498
15187 15872 15863
14742 15774 15741
14633 15804 15766
15114 16584 16512
4/02 14128 16103 15946
13792 16134 16026
12517 15253 15105
11435 13772 13701
11615 13865 13805
10221 12361 12270
11134 13224 13179
12024 14073 14009
11303 13462 13401
11026 13132 13076
10689 12776 12728
10677 12805 12749
4/03 11928 13938 13871
12854 14874 14766
12998 15065 14951
13166 15328 15173
13732 15592 15410
13732 15438 15260
14609 16406 16193
15090 16660 16413
15920 17654 17425
16437 17987 17731
16750 18370 18111
16473 18241 17953
4/04 16064 17756 17514
16209 17939 17693
16665 18401 18111
16088 18092 17855
16136 18343 18109
16449 18663 18390
16906 18972 18696
17832 19992 19641
18770 20645 20299
18217 20241 19938
18842 20889 20599
18553 20590 20317
4/05 17892 20163 19953
18649 20709 20433
19034 20994 20657
19587 21653 21254
19527 21522 21162
19311 21795 21459
18710 21242 20914
19769 21954 21602
20179 22059 21731
20960 23000 22575
21010 23128 22712
21233 23514 23020
4/06 21841 24061 23605
21146 23418 23009
20984 23580 23156
20798 24069 23719
21245 24501 24116
21729 24967 24596
22659 25825 25402
23443 26428 25981
23759 26988 26565
24304 27338 26904
24290 26920 26485
24467 27328 26894
4/07 25353 28272 27888
</Table>
<Table>
--- VALUE OPPORTUNITIES --- RUSSELL 3000 VALUE -- RUSSELL 1000 VALUE INDEX
FUND INDEX $10,000 starting value
$9,450 starting value $10,000 starting value $27,888 ending value
$25,353 ending value $28,272 ending value
</Table>
RUSSELL 3000 VALUE INDEX is an unmanaged index measuring the performance of
those Russell 3000 Index companies with lower price-to-book ratios and lower
forecasted growth values.
RUSSELL 1000 VALUE INDEX is a market cap weighted measure of the performance of
the 1,000 largest value-oriented companies in the Russell 3000 Index, which
represents approximately 92% of the total market capitalization of the Russell
3000 Index. Value is defined as companies with lower price-to-book ratios and
lower forecasted growth values.
You cannot invest directly in an index.
The value of shares will fluctuate so that, when redeemed, shares may be worth
more or less than their original cost. The chart and table do not reflect the
deduction of taxes that a shareholder would pay on fund distributions or the
redemption of fund shares.
Performance information may reflect historical or current expense
waivers/reimbursements from the investment adviser, without which performance
would have been lower. For information on current expense
waivers/reimbursements, please see the prospectus.
PORTFOLIO MANAGERS
DAVID R. FASSNACHT, CFA
Senior Vice President, Partner
JAMES N. MORDY
Senior Vice President, Partner
DAVID W. PALMER, CFA
Vice President
AVERAGE ANNUAL TOTAL RETURNS(1,2) (as of 04/30/07)
<Table>
<Caption>
INCEPTION 1 5 10 SINCE
DATE YEAR YEAR YEAR INCEPTION
- --------------------------------------------------------------------
Value Opp A# 1/2/1996 16.09% 12.40% 10.37% 11.29%
- --------------------------------------------------------------------
Value Opp A## 1/2/1996 9.70% 11.14% 9.74% 10.74%
- --------------------------------------------------------------------
Value Opp B# 1/2/1996 15.18% 11.59% NA* NA*
- --------------------------------------------------------------------
Value Opp B## 1/2/1996 10.18% 11.33% NA* NA*
- --------------------------------------------------------------------
Value Opp C# 1/2/1996 15.20% 11.61% 9.55% 10.48%
- --------------------------------------------------------------------
Value Opp C## 1/2/1996 14.20% 11.61% 9.55% 10.48%
- --------------------------------------------------------------------
Value Opp I# 2/19/2002 16.29% 12.44% NA 11.99%
- --------------------------------------------------------------------
Value Opp L# 1/2/1996 16.22% 12.46% 10.41% 11.33%
- --------------------------------------------------------------------
Value Opp L## 1/2/1996 10.70% 11.37% 9.87% 10.85%
- --------------------------------------------------------------------
Value Opp R3# 2/19/2002 15.99% 12.66% NA 11.81%
- --------------------------------------------------------------------
Value Opp R4# 2/19/2002 16.11% 12.68% NA 11.83%
- --------------------------------------------------------------------
Value Opp R5# 2/19/2002 16.24% 12.71% NA 11.86%
- --------------------------------------------------------------------
Value Opp Y# 2/19/2002 16.72% 12.80% NA 11.95%
- --------------------------------------------------------------------
</Table>
# Without sales charge
## With sales charge
NA Not Applicable
* 10 year and inception returns are not applicable for Classes
B, H and M because after 8 years Class B converts to Class A
and Classes H and M convert to Class L.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
(1) Classes A, B and C were offered beginning on February 19,
2002. Performance prior to that date is that of the fund's
Classes L, M and N shares, respectively, which have lower
operating expenses. Performance prior to February 19, 2002
would have been lower if Classes A, B and C shares expenses
were applied during that period. Class I shares commenced
operations on 8/31/06. Performance prior to 8/31/06 reflects
Class A performance. Class R3, R4 and R5 shares commenced
operations on 12/22/06. Performance prior to 12/22/06
reflects Class Y performance.
(2) The initial investment in Classes A and L shares reflects
the maximum sales charge and Classes B and C reflect CDSC.
(3) Growth of a $10,000 investment in Classes B, C, I, L, R3,
R4, R5 and Y shares will vary from results seen above due to
differences in the expenses charged to these share classes.
- --------------------------------------------------------------------------------
HOW DID THE FUND PERFORM?
The Class A shares of The Hartford Value Opportunities Fund returned 11.89%,
before sales charge, for the six-month period ended April 30, 2007,
outperforming its benchmark, the Russell 3000 Value Index, which returned 9.48%
for the same period. The Fund also outperformed the 9.70% return of the average
fund in the Lipper Multi Cap Value Funds peer group, a group of funds with
investment strategies similar to those of the Fund.
WHY DID THE FUND PERFORM THIS WAY?
Improved investor sentiment regarding the global economy and moderating
inflation concerns helped global equity returns during the period. In this
environment, the Russell 3000 Index returned 8.90% during the period, with value
stocks, as measured by the Russell 3000 Value Index, outperforming growth
stocks, as measured by the Russell 3000 Growth Index, by a margin of 1.14%.
Large caps outperformed small cap stocks, as indicated by the 8.60% return of
the S&P 500 Index versus the 6.86% return of the Russell 2000 Index, but
underperformed mid cap stocks, as measured by the 11.98% return of the S&P 400
Midcap Index. All ten broad sectors of the Russell 3000 Value Index posted
positive returns, with Materials and Utilities leading the way.
Stock selection continued to be the primary driver of the Fund's relative (i.e.
performance of the Fund as measured against the benchmark) performance, and was
particularly strong in the Materials, Consumer Discretionary, Information
Technology and Consumer Staples sectors. Sector allocation had limited impact on
the Fund during the period. We benefited from our overweight (i.e. the Fund's
sector position was greater than the benchmark position) position, relative to
the benchmark, in Materials and our underweight (i.e. the Fund's sector position
was less than the
98
- --------------------------------------------------------------------------------
benchmark position) position in Financials but were hurt by an underweight in
Utilities and overweight in Information Technology.
Our top contributors to both absolute (i.e. total return) and benchmark relative
performance were Owens-Illinois (Materials), Goodrich (Industrials) and American
Axle & Manufacturing (Consumer Discretionary). Packaging company Owens-Illinois'
stock surged during the period, reacting to management's comments that it would
begin to focus heavily on recovering pricing power, reducing financial leverage,
and divesting its specialty plastics business. Goodrich's shares benefited as
the company continued to deliver on the turnaround in its Airframes business and
increased its cash flow guidance. American Axle's shares rose due to improved
sentiment on auto parts as investors began to look out beyond difficult first
half 2007 Big Three unit production comparisons. We continued to hold positions
in all three of these stocks at the end of the period.
The Fund suffered a few stock disappointments during the period. The largest
detractors from both absolute and benchmark relative performance were Industrial
stocks US Airways and UAL, whose shares declined due to general weakness in
airline stocks and the failed Delta takeover which dampened the industry's
consolidation story. Financial stocks Capital One and Bank of America also
disappointed during the period. Capital One's shares fell due to a decline in
the company's core earnings which were hurt by higher than expected earnings
dilution from the recent North Fork Bank purchase. Bank of America's shares
lagged as the market worried that management would make an acquisition -- fears
which were confirmed by Bank of America's April announcement of its proposed
deal to buy La Salle Bank from ABN-Amro. We owned the four stocks at the end of
the period.
WHAT IS THE OUTLOOK?
The anticipated moderation of U.S. economic growth in the first half of 2007
appears to have arrived, as predicted by the downturn in leading economic
indicators for the G7 countries beginning in mid-2006. At the same time, leading
indicators in the developing BRIC (Brazil, Russia, India and China) countries
have been on the rise, encouraging a performance split in the stock market
between those equities viewed as precariously exposed to a slowing U.S. consumer
and those seen as beneficially exposed to voracious developing world expansion.
Overall, we see US economic activity slowing, but not stalling, during the
remainder of the year, resulting in moderate earnings growth for the market as a
whole.
Against this backdrop, we have moved in a measured fashion to add to or initiate
positions in certain names which we consider to have been overly punished by
worries around consumer sentiment, inventory correction or housing market
spillover. The Fund's overweight positions relative to the benchmark are in
Information Technology, Consumer Discretionary (though we reduced some of the
Consumer positions by selling into strength during the period), Industrials,
Materials and Health Care.
Conversely, the Fund's largest underweight position relative to the benchmark
continues to be in Financials, which we consider unattractive given
above-average historical valuations, rising credit costs, and challenging
top-line growth prospects. The Fund also maintains underweight positioning in
sectors considered more stable, such as Utilities, Consumer Staples,
Telecommunication Services and Energy as we feel investors' flight-to-safety, as
well as the persistent leveraged buyout fund interest in leveraging stable cash
flow models, has driven these stocks to unattractive valuations relative to
their future growth opportunities.
DIVERSIFICATION BY INDUSTRY
as of April 30, 2007
<Table>
<Caption>
PERCENTAGE OF
INDUSTRY NET ASSETS
- -------------------------------------------------------------------
Basic Materials 8.0%
- -------------------------------------------------------------------
Capital Goods 6.4
- -------------------------------------------------------------------
Consumer Cyclical 7.7
- -------------------------------------------------------------------
Consumer Staples 3.3
- -------------------------------------------------------------------
Energy 9.2
- -------------------------------------------------------------------
Finance 27.2
- -------------------------------------------------------------------
Health Care 7.7
- -------------------------------------------------------------------
Services 6.8
- -------------------------------------------------------------------
Technology 19.1
- -------------------------------------------------------------------
Transportation 2.4
- -------------------------------------------------------------------
Short-Term Investments 6.7
- -------------------------------------------------------------------
Other Assets & Liabilities -4.5
- -------------------------------------------------------------------
TOTAL 100.0%
- -------------------------------------------------------------------
</Table>
99
THE HARTFORD ADVISERS FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- ------------ ----------
COMMON STOCK -- 67.2%
BASIC MATERIALS -- 3.7%
385 Alcoa, Inc. ...................................... $ 13,678
141 Arcelor Mittal (G)................................ 7,506
166 Cameco Corp. ..................................... 7,748
205 Companhia Vale do Rio Doce ADR.................... 8,309
184 Freeport-McMoRan Copper & Gold, Inc. ............. 12,371
175 Newmont Mining Corp. ............................. 7,302
210 SXR Uranium One, Inc. (D)......................... 3,151
----------
60,065
----------
CAPITAL GOODS -- 1.6%
30 American Standard Cos., Inc. ..................... 1,652
165 Caterpillar, Inc. ................................ 11,968
112 Deere & Co. ...................................... 12,242
----------
25,862
----------
CONSUMER CYCLICAL -- 4.5%
175 Best Buy Co., Inc. ............................... 8,173
446 Circuit City Stores, Inc. (G)..................... 7,784
508 D.R. Horton, Inc. ................................ 11,276
173 Home Depot, Inc. ................................. 6,563
510 Lowe's Cos., Inc. ................................ 15,570
211 Supervalu, Inc. .................................. 9,676
311 Wal-Mart Stores, Inc. ............................ 14,918
----------
73,960
----------
CONSUMER STAPLES -- 4.8%
131 Bunge Ltd. Finance Corp. ......................... 9,917
2 Japan Tobacco, Inc. (A)........................... 9,344
343 Kraft Foods, Inc. ................................ 11,487
286 PepsiCo, Inc. .................................... 18,869
439 Procter & Gamble Co. ............................. 28,251
----------
77,868
----------
ENERGY -- 5.0%
88 CNOOC Ltd. ADR (G)................................ 7,504
78 ConocoPhillips Holding Co. ....................... 5,395
239 EnCana Corp. ..................................... 12,541
181 Exxon Mobil Corp. ................................ 14,352
406 Halliburton Co. .................................. 12,903
235 OAO Gazprom ADR (K)............................... 9,353
263 Occidental Petroleum Corp. ....................... 13,329
110 XTO Energy, Inc. ................................. 5,949
----------
81,326
----------
FINANCE -- 15.7%
1,017 Akbank T.A.S (A)(G)............................... 7,320
380 American International Group, Inc. ............... 26,599
966 Amvescap plc (A).................................. 11,334
440 Bank of America Corp. ............................ 22,374
196 Bank of New York Co., Inc. ....................... 7,934
342 Capital One Financial Corp. ...................... 25,389
484 Citigroup, Inc. .................................. 25,937
151 Commerce Bancorp, Inc. (G)........................ 5,033
355 Countrywide Financial Corp. ...................... 13,178
451 E*Trade Financial Corp. (D)....................... 9,967
75 Goldman Sachs Group, Inc. ........................ 16,439
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- ------------ ----------
FINANCE -- (CONTINUED)
242 ING Groep N.V. ADR................................ $ 11,024
1 Mitsubishi UFJ Financial Group, Inc. (A).......... 5,711
215 State Street Corp. ............................... 14,821
287 UBS AG............................................ 18,622
368 UnitedHealth Group, Inc. ......................... 19,542
665 Western Union Co. ................................ 14,002
----------
255,226
----------
HEALTH CARE -- 7.0%
179 Abbott Laboratories #............................. 10,118
100 AstraZeneca plc (A)............................... 5,438
688 Boston Scientific Corp. (D)....................... 10,618
346 Bristol-Myers Squibb Co. ......................... 9,988
860 Elan Corp. plc ADR (D)............................ 11,938
354 Eli Lilly & Co. .................................. 20,914
90 Merck & Co., Inc. ................................ 4,619
343 Sanofi-Aventis S.A. ADR........................... 15,739
370 Schering-Plough Corp. ............................ 11,734
364 Shionogi & Co., Ltd. (A)(G)....................... 7,094
114 Wyeth............................................. 6,327
----------
114,527
----------
SERVICES -- 5.6%
220 Accenture Ltd. Class A............................ 8,590
298 KBR, Inc. (D)..................................... 6,162
109 Monster Worldwide, Inc. (D)....................... 4,592
742 Time Warner, Inc. ................................ 15,299
351 United Parcel Service, Inc. Class B............... 24,700
232 Viacom, Inc. Class B (D).......................... 9,551
296 Waste Management, Inc. ........................... 11,088
903 XM Satellite Radio Holdings, Inc. Class A
(D)(G).......................................... 10,569
----------
90,551
----------
TECHNOLOGY -- 18.9%
117 Activision, Inc. (D)(G)........................... 2,334
182 Apple, Inc. (D)................................... 18,204
714 AT&T, Inc. ....................................... 27,643
916 Cisco Systems, Inc. (D)........................... 24,491
480 Corning, Inc. (D)................................. 11,378
1,176 EMC Corp. (D)..................................... 17,855
639 Flextronics International Ltd. (D)(G)............. 7,126
1,511 General Electric Co. #............................ 55,688
39 Google, Inc. (D).................................. 18,242
329 Maxim Integrated Products, Inc. .................. 10,436
374 Medtronic, Inc. .................................. 19,806
79 NII Holdings, Inc. Class B (D).................... 6,048
708 Oracle Corp. (D).................................. 13,305
65 Research In Motion Ltd. (D)....................... 8,526
9 Samsung Electronics Co., Ltd. (A)................. 5,392
227 Sharp Corp. (A)................................... 4,166
911 Sprint Nextel Corp. .............................. 18,241
428 Texas Instruments, Inc. .......................... 14,717
117 Whirlpool Corp. .................................. 12,406
416 Yahoo!, Inc. (D).................................. 11,676
----------
307,680
----------
</Table>
The accompanying notes are an integral part of these financial statements.
100
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- ------------ ----------
COMMON STOCK -- (CONTINUED)
UTILITIES -- 0.4%
47 E.On AG (A)(G).................................... $ 7,029
----------
Total common stock
(cost $1,013,760)............................... $1,094,094
----------
<Caption>
PRINCIPAL
AMOUNT
- ------------
MUNICIPAL BONDS -- 0.2%
GENERAL OBLIGATIONS -- 0.2%
$ 2,000 Oregon School Boards Association, Taxable Pension,
4.76%, 06/30/2028............................... $ 1,852
2,050 State of Illinois, Taxable Pension,
5.10%, 06/01/2033............................... 1,963
----------
Total municipal bonds
(cost $4,028)................................... $ 3,815
----------
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -- 5.8%
FINANCE -- 5.8%
5,000 Advanta Business Card Master Trust,
5.30%, 05/21/2012............................... $ 5,033
1,380 Banc of America Commercial Mortgage, Inc.,
5.18%, 09/10/2047 (L)........................... 1,374
1,360 Banc of America Commercial Mortgage, Inc.,
5.45%, 01/15/2049............................... 1,364
1,755 Bear Stearns Commercial Mortgage Securities, Inc.,
5.16%, 10/12/2042 (L)........................... 1,743
730 Bear Stearns Commercial Mortgage Securities, Inc.,
5.47%, 04/12/2038 (L)........................... 742
655 Centex Home Equity,
4.72%, 10/25/2031............................... 651
2,750 Citigroup/Deutsche Bank Commercial Mortgage Trust,
5.23%, 07/15/2044 (L)........................... 2,748
2,750 Commercial Mortgage Pass-Through Certificates,
5.12%, 06/10/2044............................... 2,712
10,000 Connecticut RRB Special Purpose Trust CL&P,
6.21%, 12/30/2011............................... 10,312
779 Countrywide Home Loans, Inc.,
5.27%, 11/25/2035 (L)........................... 778
1,505 Credit Suisse Mortgage Capital Certificates,
5.47%, 09/15/2039............................... 1,512
2,730 Credit Suisse Mortgage Capital Certificates,
5.56%, 02/15/2039 (L)........................... 2,765
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ------------ ----------
FINANCE -- (CONTINUED)
$ 3,000 Goldman Sachs Mortgage Securities Corp. II,
4.75%, 07/10/2039............................... $ 2,893
2,750 Greenwich Capital Commercial Funding Corp.,
5.22%, 04/10/2037 (L)........................... 2,732
1,205 Greenwich Capital Commercial Funding Corp.,
5.44%, 03/10/2039 (L)........................... 1,210
1,850 Household Automotive Trust,
5.28%, 09/17/2011............................... 1,857
1,895 JP Morgan Chase Commercial Mortgage Security
Corp.,
5.35%, 12/15/2044 (L)........................... 1,889
3,000 JP Morgan Chase Commercial Mortgage Security
Corp.,
5.44%, 06/12/2047 (L)........................... 3,005
3,050 JP Morgan Chase Commercial Mortgage Security
Corp.,
5.48%, 12/12/2044............................... 3,072
467 Marriott Vacation Club Owner Trust,
5.36%, 10/20/2028 (I)........................... 465
2,750 Merrill Lynch Mortgage Trust,
5.05%, 07/12/2038............................... 2,697
2,875 Morgan Stanley Capital I,
5.23%, 09/15/2042............................... 2,853
1,330 Morgan Stanley Capital I,
5.45%, 02/12/2044 (L)........................... 1,333
600 Morgan Stanley Capital Investments,
5.51%, 11/12/2049 (L)........................... 606
5,000 Nissan Auto Lease Trust,
5.10%, 07/16/2012............................... 5,004
10,000 Peco Energy Transition Trust,
6.13%, 03/01/2009............................... 10,058
10,000 PSE&G Transition Funding LLC,
6.61%, 06/15/2015............................... 10,712
1,971 Residential Accredit Loans, Inc.,
5.26%, 02/25/2035 (L)........................... 1,967
2,575 Susquehanna Auto Lease Trust,
5.21%, 03/16/2009 (I)........................... 2,565
3,000 Wachovia Bank Commercial Mortgage Trust,
5.12%, 07/15/2042............................... 2,959
1,916 Wells Fargo Mortgage Backed Securities Trust,
4.54%, 03/25/2035 (L)........................... 1,891
2,634 Wells Fargo Mortgage Backed Securities Trust,
5.53%, 04/25/2036 (L)........................... 2,645
----------
Total asset & commercial
mortgage backed securities
(cost $94,218).................................. $ 94,147
----------
</Table>
The accompanying notes are an integral part of these financial statements.
101
THE HARTFORD ADVISERS FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ------------ ----------
CORPORATE BONDS: INVESTMENT GRADE -- 11.3%
CONSUMER CYCLICAL -- 0.7%
$ 1,900 DaimlerChrysler NA Holdings Corp.,
5.88%, 03/15/2011............................... $ 1,935
1,975 DaimlerChrysler NA Holdings Corp.,
6.50%, 11/15/2013............................... 2,079
1,000 DaimlerChrysler NA Holdings Corp.,
8.50%, 01/18/2031............................... 1,260
714 Federated Retail Holdings, Inc.,
5.90%, 12/01/2016............................... 718
2,000 Target Corp.,
5.88%, 11/01/2008............................... 2,020
3,000 Wal-Mart Stores, Inc.,
6.88%, 08/10/2009............................... 3,116
----------
11,128
----------
CONSUMER STAPLES -- 1.1%
2,000 Archer Daniels Midland Co.,
8.13%, 06/01/2012............................... 2,247
4,000 Coca-Cola Enterprises, Inc.,
5.75%, 11/01/2008............................... 4,039
2,000 Colgate-Palmolive Co.,
5.58%, 11/06/2008............................... 2,016
2,025 Diageo Capital plc,
4.38%, 05/03/2010............................... 1,986
3,000 PepsiAmericas, Inc.,
6.38%, 05/01/2009............................... 3,068
3,099 Procter & Gamble Co.,
9.36%, 01/01/2021............................... 3,868
800 Weyerhaeuser Co.,
7.38%, 03/15/2032............................... 846
----------
18,070
----------
ENERGY -- 0.2%
4,000 National Fuel Gas Co.,
6.00%, 03/01/2009............................... 4,044
----------
FINANCE -- 5.9%
3,675 Ace INA Holdings, Inc.,
5.88%, 06/15/2014............................... 3,760
1,600 AMBAC Financial Group, Inc.,
5.95%, 12/05/2035............................... 1,580
4,000 AXA Financial, Inc.,
7.00%, 04/01/2028............................... 4,473
3,000 Bank of America Corp.,
5.42%, 03/15/2017 (I)........................... 2,984
1,475 Bank of America Corp.,
5.88%, 02/15/2009............................... 1,496
1,010 BB&T Corp.,
4.90%, 06/30/2017............................... 962
2,350 Berkshire Hathaway Finance Corp.,
4.85%, 01/15/2015............................... 2,286
750 Brandywine Operating Partnership,
5.70%, 05/01/2017............................... 749
1,000 Brandywine Operating Partnership,
6.00%, 04/01/2016............................... 1,023
750 Capital One Bank,
6.50%, 06/13/2013............................... 785
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ------------ ----------
FINANCE -- (CONTINUED)
$ 1,000 Capital One Capital IV,
6.75%, 02/17/2037............................... $ 976
870 Capital One Financial Corp.,
5.70%, 09/15/2011............................... 878
750 Citigroup, Inc.,
3.63%, 02/09/2009............................... 733
1,600 Citigroup, Inc.,
6.00%, 10/31/2033............................... 1,619
500 Citigroup, Inc.,
6.50%, 01/18/2011............................... 524
1,980 Credit Suisse First Boston USA, Inc.,
4.88%, 01/15/2015............................... 1,933
1,500 Developers Diversified Realty Corp.,
5.38%, 10/15/2012............................... 1,500
2,725 ERAC USA Finance Co.,
7.35%, 06/15/2008 (I)........................... 2,769
885 Everest Reinsurance Holdings, Inc.,
5.40%, 10/15/2014............................... 875
1,500 Genworth Financial, Inc.,
6.15%, 11/15/2066............................... 1,484
1,200 Goldman Sachs Group, Inc.,
5.63%, 01/15/2017............................... 1,195
2,035 Health Care Properties,
6.00%, 01/30/2017............................... 2,042
2,600 HSBC Bank USA,
3.88%, 09/15/2009............................... 2,530
2,200 International Lease Finance Corp.,
5.00%, 09/15/2012............................... 2,183
2,000 Jackson National Life Insurance Co.,
8.15%, 03/15/2027 (I)........................... 2,470
1,655 John Deere Capital Corp.,
4.88%, 10/15/2010 (G)........................... 1,645
2,795 JP Morgan Chase & Co.,
5.13%, 09/15/2014............................... 2,764
250 KeyCorp Capital II,
6.88%, 03/17/2029............................... 262
1,550 Kimco Realty Corp.,
5.78%, 03/15/2016............................... 1,578
2,335 Liberty Mutual Group, Inc.,
5.75%, 03/15/2014 (I)........................... 2,333
1,000 MBIA, Inc.,
7.00%, 12/15/2025............................... 1,080
3,650 Metlife, Inc.,
6.38%, 06/15/2034............................... 3,855
2,650 Morgan Stanley,
5.38%, 10/15/2015............................... 2,618
1,200 Morgan Stanley,
5.45%, 01/09/2017............................... 1,186
125 National City Corp.,
6.88%, 05/15/2019............................... 139
3,100 New England Mutual Life Insurance Co.,
7.88%, 02/15/2024 (I)........................... 3,737
1,500 Prologis Trust,
5.63%, 11/15/2016............................... 1,514
2,000 Prudential Funding LLC,
6.75%, 09/15/2023 (I)........................... 2,146
</Table>
The accompanying notes are an integral part of these financial statements.
102
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ------------ ----------
CORPORATE BONDS: INVESTMENT GRADE -- (CONTINUED)
FINANCE -- (CONTINUED)
$ 250 Republic New York Capital I,
7.75%, 11/15/2026............................... $ 260
500 Santander Central Hispano Issuances Ltd.,
7.63%, 11/03/2009............................... 529
3,100 Simon Property Group L.P.,
6.10%, 05/01/2016............................... 3,233
1,500 Sovereign Capital Trust IV,
7.91%, 06/13/2036............................... 1,672
3,000 Torchmark Corp.,
8.25%, 08/15/2009............................... 3,184
1,000 Toyota Motor Credit Corp.,
5.50%, 12/15/2008............................... 1,004
3,100 U.S. Bank NA,
4.95%, 10/30/2014............................... 3,033
1,000 UnitedHealth Group, Inc.,
5.00%, 08/15/2014............................... 980
3,000 Wachovia Corp.,
5.63%, 12/15/2008............................... 3,026
4,000 Wells Fargo Bank NA,
6.45%, 02/01/2011............................... 4,189
580 Willis North America, Inc.,
5.63%, 07/15/2015............................... 561
580 Willis North America, Inc.,
6.20%, 03/28/2017............................... 582
4,165 XL Capital Europe plc,
6.50%, 01/15/2012............................... 4,353
----------
95,272
----------
HEALTH CARE -- 0.3%
1,250 Becton, Dickinson & Co.,
6.70%, 08/01/2028 #............................. 1,368
1,550 CVS Corp.,
6.13%, 08/15/2016............................... 1,607
2,500 Wyeth,
6.95%, 03/15/2011............................... 2,659
----------
5,634
----------
SERVICES -- 0.9%
2,000 COX Communications, Inc.,
5.45%, 12/15/2014............................... 1,979
4,000 FedEx Corp.,
3.50%, 04/01/2009............................... 3,879
1,570 Harrah's Operating Co., Inc.,
6.50%, 06/01/2016............................... 1,401
2,100 News America, Inc.,
6.40%, 12/15/2035............................... 2,116
1,105 Time Warner, Inc.,
5.50%, 11/15/2011............................... 1,114
3,040 Viacom, Inc.,
6.88%, 04/30/2036............................... 3,079
615 Wyndham Worldwide,
6.00%, 12/01/2016 (I)........................... 610
----------
14,178
----------
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ------------ ----------
TECHNOLOGY -- 1.6%
$ 575 AT&T, Inc.,
6.80%, 05/15/2036 (G)........................... $ 624
1,130 Bellsouth Corp.,
6.55%, 06/15/2034............................... 1,178
250 Bellsouth Telecommunications,
7.00%, 12/01/2095............................... 260
4,000 Comcast Cable Communications, Inc.,
6.88%, 06/15/2009............................... 4,136
500 Comcast Cable Communications, Inc.,
8.50%, 05/01/2027............................... 617
1,800 Deutsche Telekom International Finance B.V.,
8.25%, 06/15/2030............................... 2,259
3,425 General Electric Co.,
5.00%, 02/01/2013............................... 3,400
1,250 Hewlett-Packard Co.,
5.25%, 03/01/2012............................... 1,258
1,830 SBC Communications,
6.45%, 06/15/2034............................... 1,898
2,900 Siemens Finance,
5.75%, 10/17/2016 (I)........................... 2,942
3,100 Telecom Italia Capital,
5.25%, 10/01/2015............................... 2,980
830 Time Warner Cable Inc.,
5.85%, 05/01/2017 (I)........................... 835
2,600 Verizon Communications, Inc.,
5.55%, 02/15/2016............................... 2,607
250 Verizon Global Funding Corp.,
7.25%, 12/01/2010............................... 267
250 Verizon Global Funding Corp.,
7.75%, 12/01/2030............................... 293
----------
25,554
----------
TRANSPORTATION -- 0.2%
755 Continental Airlines, Inc.,
5.98%, 04/19/2022............................... 751
1,750 Southwest Airlines Co.,
5.75%, 12/15/2016............................... 1,708
----------
2,459
----------
UTILITIES -- 0.4%
500 Alabama Power Co.,
7.13%, 10/01/2007............................... 504
955 Consolidated Edison Co. of NY,
5.30%, 12/01/2016............................... 949
1,500 Midamerican Energy Holdings Co.,
6.13%, 04/01/2036............................... 1,525
1,150 Northern Border Pipeline Co.,
7.75%, 09/01/2009............................... 1,212
1,750 Southern Cal Edison Co.,
5.55%, 01/15/2037............................... 1,697
</Table>
The accompanying notes are an integral part of these financial statements.
103
THE HARTFORD ADVISERS FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ------------ ----------
CORPORATE BONDS: INVESTMENT GRADE -- (CONTINUED)
UTILITIES -- (CONTINUED)
v$ 695 Taqa Abu Dhabi National,
5.88%, 10/27/2016 (I)........................... $ 702
250 TransCanada Pipelines Ltd.,
6.49%, 01/21/2009............................... 255
----------
6,844
----------
Total corporate bonds: investment grade
(cost $180,259)................................. $ 183,183
----------
U.S. GOVERNMENT SECURITIES -- 7.5%
FEDERAL HOME LOAN BANK -- 0.8%
12,225 4.88% 2011 (G).................................... $ 12,251
----------
FINANCING CORPORATION -- 1.0%
3,676 4.40% 2013 (M).................................... 2,672
10,000 9.80% 2018........................................ 13,973
----------
16,645
----------
U.S. TREASURY SECURITIES -- 5.7%
14,300 2.63% 2009 (G).................................... 13,799
21,725 3.50% 2010 (G).................................... 21,138
18,750 3.50% 2011 (O)(G)................................. 23,143
17,350 3.88% 2010 (G).................................... 17,034
10,800 5.38% 2031 (G).................................... 11,568
5,775 6.25% 2023 (G).................................... 6,659
----------
93,341
----------
Total U.S. government securities
(cost $119,912)................................. $ 122,237
----------
U.S. GOVERNMENT AGENCIES -- 1.7%
FEDERAL HOME LOAN MORTGAGE CORPORATION -- 0.8%
2,167 2.50% 2013........................................ $ 2,125
11,436 6.50% 2036........................................ 11,681
----------
13,806
----------
FEDERAL NATIONAL MORTGAGE ASSOCIATION -- 0.3%
123 5.00% 2036........................................ 119
4,520 5.50% 2037 (Q).................................... 4,469
432 6.50% 2036........................................ 441
----------
5,029
----------
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION -- 0.6%
691 5.50% 2036........................................ 687
3,156 6.00% 2023 -- 2034................................ 3,209
2,351 6.50% 2026 -- 2035................................ 2,429
2,442 7.00% 2031 -- 2033................................ 2,563
519 8.00% 2029 -- 2031................................ 552
40 9.00% 2023........................................ 43
----------
9,483
----------
Total U.S. government agencies
(cost $27,981).................................. $ 28,318
----------
Total long-term investments
(cost $1,440,158)............................... $1,525,794
----------
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ------------ ----------
SHORT-TERM INVESTMENTS -- 14.3%
OTHER FEDERAL OBLIGATIONS -- 1.5%
$ 10,000 Federal Home Loan Bank,
5.14%, 05/10/2007 (M)........................... $ 9,986
14,900 Federal Home Loan Bank,
5.17%, 05/02/2007 (M)........................... 14,898
----------
24,884
----------
REPURCHASE AGREEMENTS -- 3.4%
18,133 Banc of America Securities TriParty Joint
Repurchase Agreement,
5.24%, 05/01/2007............................... 18,133
6,716 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 6,716
211 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 211
8,999 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 8,999
20,551 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 20,551
----------
54,610
----------
<Caption>
SHARES
- ------------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 9.4%
CASH COLLATERAL REINVESTMENT FUND:
153,701 Navigator Prime Portfolio......................... 153,701
----------
Total short-term investments
(cost $233,195)................................. $ 233,195
----------
Total investments in securities
(cost $1,673,353) (C)........................... $1,758,989
==========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 12.31% of total net assets at April 30, 2007.
(A)The aggregate value of securities valued in good faith at fair value
by, or under the direction of, the Funds' Board of Directors at April 30,
2007, was $62,828, which represents 3.86% of total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $1,683,685 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................ $108,457
Unrealized depreciation........................ (33,153)
--------
Net unrealized appreciation.................... $ 75,304
========
</Table>
(D)Currently non-income producing.
(G)Security is partially on loan at April 30, 2007.
The accompanying notes are an integral part of these financial statements.
104
- --------------------------------------------------------------------------------
# This security, or a portion of this security, has been segregated to cover
funding requirements on investment transactions settling in the future.
(I) Securities issued within terms of a private placement memorandum, exempt
from registration under Section 144A of the Securities Act of 1933, as
amended, and may be sold only to qualified institutional buyers. Pursuant
to guidelines adopted by the Board of Directors, these issues are
determined to be liquid. The aggregate value of these securities at April
30, 2007, was $24,558, which represents 1.51% of total net assets.
(K) Securities contain some restrictions as to public resale. These securities
comply with Regulation S, rules governing offers and sales made outside
the United States without registration under the Securities Act of 1933,
and are determined to be liquid. At April 30, 2007, the market value of
these securities amounted to $9,353 or 0.57% of total net assets.
(L) Variable rate securities; the rate reported is the coupon rate in effect
at April 30, 2007.
(M) The interest rate disclosed for these securities represents the effective
yield on the date of acquisition.
(O) U.S. Treasury inflation-protection securities (TIPS) are securities in
which the principal amount is adjusted for inflation and the semiannual
interest payments equal a fixed percentage of the inflation-adjusted
principal amount.
(Q) The cost of securities purchased on a when-issued or delayed delivery
basis at April 30, 2007 was $4,459.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
FORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
MARKET CONTRACT DELIVERY APPRECIATION
DESCRIPTION TRANSACTION VALUE AMOUNT DATE (DEPRECIATION)
----------- ----------- ------ -------- ---------- --------------
British Pound Buy $3,281 $3,269 05/01/2007 $12
British Pound Buy 1,197 1,194 05/02/2007 3
---
$15
===
</Table>
The accompanying notes are an integral part of these financial statements.
105
THE HARTFORD BALANCED ALLOCATION FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
AFFILIATED INVESTMENT COMPANIES -- 99.8%
EQUITY FUNDS -- 59.6%
3,639 Hartford Capital Appreciation Fund, Class Y....... $152,573
2,706 Hartford Disciplined Equity Fund, Class Y......... 40,077
3,918 Hartford Equity Income Fund, Class Y.............. 57,908
1,754 Hartford Global Leaders Fund, Class Y............. 36,893
1,899 Hartford International Opportunities Fund, Class
Y............................................... 35,010
2,125 Hartford International Small Company Fund, Class
Y............................................... 35,705
1,743 Hartford Select SmallCap Value Fund, Class Y...... 20,635
1,755 Hartford Small Company Fund, Class Y.............. 41,650
7,083 Hartford Value Fund, Class Y...................... 94,198
--------
Total equity funds
(cost $464,915)................................. $514,648
--------
FIXED INCOME FUNDS -- 40.2%
5,132 Hartford Floating Rate Fund, Class Y.............. $ 52,035
10,627 Hartford Income Fund, Class Y..................... 110,419
5,187 Hartford Inflation Plus Fund, Class Y............. 54,777
5,548 Hartford Short Duration Fund, Class Y............. 54,874
7,028 Hartford Total Return Bond Fund, Class Y.......... 75,695
--------
Total fixed income funds
(cost $347,740)................................. $347,800
--------
Total investments in affiliated investment
companies
(cost $812,655) (C)............................. $862,449
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $812,702 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation......................... $50,517
Unrealized depreciation......................... (770)
-------
Net unrealized appreciation..................... $49,747
=======
</Table>
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
106
THE HARTFORD BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- ---------- ---------
COMMON STOCK -- 46.5%
BASIC MATERIALS -- 4.2%
2 Air Products and Chemicals, Inc. ................. $ 138
6 Dow Chemical Co. ................................. 268
5 E.I. DuPont de Nemours & Co. ..................... 246
1 International Paper Co. .......................... 26
4 Kimberly-Clark Corp. ............................. 299
5 Packaging Corp. of America........................ 116
2 PPG Industries, Inc. ............................. 110
-------
1,203
-------
CAPITAL GOODS -- 1.1%
6 Pitney Bowes, Inc. ............................... 302
-------
CONSUMER CYCLICAL -- 1.4%
6 Altria Group, Inc. ............................... 400
-------
CONSUMER STAPLES -- 2.8%
1 Campbell Soup Co. ................................ 55
2 Diageo plc ADR.................................... 143
3 General Mills, Inc. .............................. 150
5 Kellogg Co. ...................................... 286
4 Kraft Foods, Inc. ................................ 138
-------
772
-------
ENERGY -- 6.7%
8 Chevron Corp. .................................... 653
8 ConocoPhillips Holding Co. ....................... 548
6 Exxon Mobil Corp. ................................ 500
2 Royal Dutch Shell plc............................. 153
-------
1,854
-------
FINANCE -- 13.8%
2 Allstate Corp. ................................... 125
12 Bank of America Corp. ............................ 590
3 Bank of New York Co., Inc. ....................... 121
3 Chubb Corp. ...................................... 172
10 Citigroup, Inc. .................................. 552
9 Host Hotels & Resorts, Inc. ...................... 241
7 JP Morgan Chase & Co. ............................ 359
3 Lloyd's TSB Group plc ADR......................... 140
6 PNC Financial Services Group, Inc. ............... 422
1 SunTrust Banks, Inc. ............................. 93
5 UBS AG............................................ 331
13 US Bancorp........................................ 436
2 Wachovia Corp. ................................... 123
4 Wells Fargo & Co. ................................ 126
-------
3,831
-------
HEALTH CARE -- 3.0%
3 Abbott Laboratories............................... 164
6 Bristol-Myers Squibb Co. ......................... 173
2 Eli Lilly & Co. .................................. 124
1 GlaxoSmithKline plc ADR........................... 46
6 Wyeth............................................. 317
-------
824
-------
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- ---------- ---------
SERVICES -- 1.1%
4 R.R. Donnelley & Sons Co. ........................ $ 173
3 Waste Management, Inc. ........................... 127
-------
300
-------
TECHNOLOGY -- 6.8%
17 AT&T, Inc. ....................................... 641
6 Chunghwa Telecom Co., Ltd. ADR.................... 121
15 General Electric Co. ............................. 568
5 Nokia Corp. (D)................................... 131
12 Verizon Communications, Inc. ..................... 439
-------
1,900
-------
UTILITIES -- 5.6%
3 American Electric Power Co., Inc. ................ 136
3 Consolidated Edison, Inc. ........................ 133
1 Dominion Resources, Inc. ......................... 55
1 Entergy Corp. .................................... 102
3 Exelon Corp. ..................................... 234
10 FPL Group, Inc. .................................. 644
1 PPL Corp. ........................................ 52
1 SCANA Corp. ...................................... 61
4 Southern Co. ..................................... 141
-------
1,558
-------
Total common stock
(cost $11,901).................................. $12,944
-------
<Caption>
PRINCIPAL
AMOUNT
- ----------
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -- 5.0%
FINANCE -- 4.9%
$ 85 Banc of America Commercial Mortgage, Inc.,
5.45%, 01/15/2049............................... $ 85
100 Bear Stearns Commercial Mortgage Securities, Inc.,
4.68%, 08/13/2039............................... 97
53 BMW Vehicle Owner Trust,
3.32%, 02/25/2009............................... 53
100 Carmax Auto Owner Trust,
4.34%, 09/15/2010............................... 99
95 Chase Commercial Mortgage Securities Corp.,
6.39%, 11/18/2030............................... 96
100 Commercial Mortgage Pass-Through Certificates,
5.77%, 06/10/2046 (L)........................... 103
70 Honda Auto Receivables Owner Trust,
5.25%, 08/18/2009............................... 70
100 Long Beach Auto Receivables Trust,
5.03%, 01/15/2014............................... 100
100 Merrill Lynch Mortgage Trust,
5.62%, 05/12/2039 (L)........................... 102
100 Morgan Stanley Capital I,
5.23%, 09/15/2042............................... 99
</Table>
The accompanying notes are an integral part of these financial statements.
107
THE HARTFORD BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ---------
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -- (CONTINUED)
FINANCE -- (CONTINUED)
$ 85 Morgan Stanley Capital I,
5.45%, 02/12/2044 (L)........................... $ 85
100 Nissan Auto Lease Trust,
5.10%, 07/16/2012............................... 100
75 Peco Energy Transition Trust,
6.52%, 12/31/2010............................... 78
100 Providian Gateway Master Trust,
3.65%, 11/15/2011 (I)........................... 99
100 PSE&G Transition Funding LLC,
6.45%, 03/15/2013............................... 104
-------
1,370
-------
HEALTH CARE -- 0.1 %
20 CVS Lease Pass Through Trust,
6.04%, 12/10/2028 (I)........................... 20
-------
Total asset & commercial
mortgage backed securities
(cost $1,386)................................... $ 1,390
-------
CORPORATE BONDS: INVESTMENT GRADE -- 31.3%
BASIC MATERIALS -- 0.7%
30 Agrium, Inc.,
7.13%, 05/23/2036............................... $ 32
25 Cytec Industries, Inc.,
6.00%, 10/01/2015............................... 25
45 Inco Ltd.,
7.75%, 05/15/2012............................... 50
20 Methanex Corp.,
8.75%, 08/15/2012............................... 22
20 Temple-Inland, Inc.,
6.38%, 01/15/2016............................... 21
5 Vale Overseas Ltd.,
6.25%, 01/23/2017............................... 5
5 Vale Overseas Ltd.,
6.88%, 11/21/2036............................... 5
35 Yara International ASA,
5.25%, 12/15/2014 (I)........................... 34
-------
194
-------
CAPITAL GOODS -- 0.8%
35 Goodrich Co.,
6.29%, 07/01/2016............................... 37
100 Hutchison Whampoa International Ltd.,
5.45%, 11/24/2010 (I)........................... 101
25 Tyco International Group S.A.,
6.75%, 02/15/2011............................... 27
60 Xerox Corp.,
6.40%, 03/15/2016............................... 62
-------
227
-------
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ---------
CONSUMER CYCLICAL -- 1.3%
$ 30 Altria Group, Inc.,
7.00%, 11/04/2013............................... $ 33
20 Avnet, Inc.,
6.63%, 09/15/2016............................... 21
35 D.R. Horton, Inc.,
8.00%, 02/01/2009............................... 36
10 DaimlerChrysler NA Holdings Corp.,
4.05%, 06/04/2008............................... 10
30 DaimlerChrysler NA Holdings Corp.,
5.75%, 05/18/2009............................... 30
50 DaimlerChrysler NA Holdings Corp.,
6.50%, 11/15/2013............................... 53
50 DaimlerChrysler NA Holdings Corp.,
8.50%, 01/18/2031............................... 63
25 Energy Transfer Partners,
6.63%, 10/15/2036............................... 26
5 J. C. Penney Co., Inc.,
5.75%, 02/15/2018............................... 5
20 J. C. Penney Co., Inc.,
6.38%, 10/15/2036............................... 20
50 Pulte Homes, Inc.,
7.88%, 08/01/2011............................... 53
15 Ryland Group, Inc.,
6.88%, 06/15/2013............................... 15
-------
365
-------
CONSUMER STAPLES -- 1.8%
50 Cargill, Inc.,
3.63%, 03/04/2009 (I)........................... 49
35 Cia Brasileira de Bebidas,
8.75%, 09/15/2013............................... 41
45 Coca-Cola Enterprises, Inc.,
6.70%, 10/15/2036............................... 50
25 ConAgra Foods, Inc.,
7.00%, 10/01/2028............................... 27
75 Kraft Foods, Inc.,
4.13%, 11/12/2009............................... 73
10 Kraft Foods, Inc.,
6.25%, 06/01/2012............................... 10
35 PepsiAmericas, Inc.,
4.88%, 01/15/2015............................... 34
15 Reynolds American, Inc.,
7.25%, 06/01/2013............................... 16
40 SABMiller plc,
6.20%, 07/01/2011 (I)........................... 41
70 Tyson Foods, Inc.,
6.85%, 04/01/2016............................... 73
50 Unilever Capital Corp.,
7.13%, 11/01/2010............................... 53
30 Weyerhaeuser Co.,
6.75%, 03/15/2012............................... 32
10 Weyerhaeuser Co.,
7.38%, 03/15/2032............................... 11
-------
510
-------
</Table>
The accompanying notes are an integral part of these financial statements.
108
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ---------
CORPORATE BONDS: INVESTMENT GRADE -- (CONTINUED)
ENERGY -- 1.3%
$ 65 Amerada Hess Corp.,
7.88%, 10/01/2029............................... $ 76
50 Canadian National Resources Ltd.,
6.25%, 03/15/2038............................... 50
50 ConocoPhillips Holding Co.,
6.95%, 04/15/2029............................... 57
20 Pemex Project Funding Master Trust,
5.75%, 12/15/2015............................... 20
10 Pemex Project Funding Master Trust,
7.16%, 10/15/2009 (K)(L)........................ 10
30 Phillips Petroleum Co.,
8.75%, 05/25/2010............................... 33
30 Valero Energy Corp.,
7.50%, 04/15/2032............................... 35
25 Weatherford International Ltd.,
6.50%, 08/01/2036............................... 25
45 XTO Energy, Inc.,
7.50%, 04/15/2012............................... 49
-------
355
-------
FINANCE -- 13.2%
20 Ace Capital Trust II,
9.70%, 04/01/2030............................... 27
30 Allied World Assurance,
7.50%, 08/01/2016............................... 32
30 Allstate Finance Global Fund II,
4.25%, 02/26/2010............................... 29
20 American General Finance Corp.,
4.00%, 03/15/2011............................... 19
80 American General Finance Corp.,
4.63%, 05/15/2009............................... 79
45 Ameriprise Financial, Inc.,
5.35%, 11/15/2010............................... 45
20 Ameriprise Financial, Inc.,
5.65%, 11/15/2015............................... 20
25 Avalonbay Communities, Inc.,
7.50%, 08/01/2009............................... 26
45 Axa S.A.,
8.60%, 12/15/2030............................... 58
10 Banco Mercantile Del Norte S.A.,
6.14%, 10/13/2016 (I)........................... 10
150 Bank of America Corp.,
5.25%, 12/01/2015............................... 149
100 Bank of America Corp.,
5.42%, 03/15/2017 (I)........................... 99
50 Bank of America Corp.,
7.25%, 10/15/2025............................... 58
15 Brandywine Operating Partnership,
5.70%, 05/01/2017............................... 15
25 Brandywine Operating Partnership,
5.75%, 04/01/2012............................... 25
35 Camden Property Trust,
4.38%, 01/15/2010............................... 34
10 Chevy Chase Bank,
6.88%, 12/01/2013............................... 11
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ---------
FINANCE -- (CONTINUED)
$ 20 CIT Group, Inc.,
5.80%, 07/28/2011............................... $ 20
25 CIT Group, Inc.,
6.00%, 04/01/2036............................... 24
5 Citigroup, Inc.,
5.00%, 09/15/2014............................... 5
90 Citigroup, Inc.,
5.63%, 08/27/2012............................... 92
105 Citigroup, Inc.,
6.00%, 10/31/2033............................... 106
35 Colonial Realty L.P.,
6.05%, 09/01/2016............................... 36
15 Countrywide Financial Corp.,
6.25%, 05/15/2016............................... 15
10 Countrywide Home Loans, Inc.,
4.00%, 03/22/2011............................... 9
20 Credit Suisse First Boston USA, Inc.,
4.88%, 08/15/2010............................... 20
80 Credit Suisse First Boston USA, Inc.,
5.13%, 08/15/2015............................... 79
50 Developers Diversified Realty Corp.,
5.00%, 05/03/2010............................... 50
50 Duke-Weeks Realty,
7.75%, 11/15/2009............................... 53
65 Equity One, Inc.,
6.00%, 09/15/2017 (I)........................... 66
10 ERP Operating L.P.,
4.75%, 06/15/2009............................... 10
40 ERP Operating L.P.,
6.95%, 03/02/2011............................... 43
20 Everest Reinsurance Holdings, Inc.,
8.75%, 03/15/2010............................... 22
100 Farmers Exchange Capital,
7.05%, 07/15/2028 (I)........................... 103
30 Goldman Sachs Group, Inc.,
5.63%, 01/15/2017............................... 30
115 Goldman Sachs Group, Inc.,
6.45%, 05/01/2036............................... 119
50 Goldman Sachs Group, Inc.,
6.60%, 01/15/2012............................... 53
80 Goldman Sachs Group, Inc.,
6.65%, 05/15/2009............................... 82
50 HBOS plc,
6.00%, 11/01/2033 (I)........................... 51
20 Health Care Properties,
5.65%, 12/15/2013............................... 20
10 Health Care Properties,
6.00%, 01/30/2017............................... 10
20 Health Care Property Investors, Inc.,
6.30%, 09/15/2016............................... 21
120 HSBC Finance Corp.,
6.75%, 05/15/2011............................... 127
20 International Lease Finance Corp.,
5.63%, 09/20/2013............................... 20
80 International Lease Finance Corp.,
6.38%, 03/15/2009............................... 82
</Table>
The accompanying notes are an integral part of these financial statements.
109
THE HARTFORD BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ---------
CORPORATE BONDS: INVESTMENT GRADE -- (CONTINUED)
FINANCE -- (CONTINUED)
$ 30 John Deere Capital Corp.,
5.40%, 04/07/2010............................... $ 30
55 JP Morgan Chase & Co.,
5.13%, 09/15/2014............................... 54
50 JP Morgan Chase & Co.,
5.88%, 03/15/2035............................... 49
160 JP Morgan Chase & Co.,
6.75%, 02/01/2011............................... 168
30 Kimco Realty Corp.,
5.78%, 03/15/2016............................... 31
35 Liberty Mutual Group, Inc.,
5.75%, 03/15/2014 (I)........................... 35
10 Liberty Property L.P.,
5.50%, 12/15/2016............................... 10
25 Liberty Property L.P.,
7.75%, 04/15/2009............................... 26
10 Liberty Property L.P.,
8.50%, 08/01/2010............................... 11
35 Lincoln National Corp.,
6.15%, 04/07/2036............................... 36
100 Merrill Lynch & Co., Inc.,
6.05%, 05/16/2016............................... 103
100 Merrill Lynch & Co., Inc.,
6.22%, 09/15/2026............................... 102
25 Metlife, Inc.,
6.13%, 12/01/2011............................... 26
40 Ministry Finance Russia,
3.00%, 05/14/2008............................... 39
10 Morgan Stanley,
3.63%, 04/01/2008............................... 10
120 Morgan Stanley,
4.75%, 04/01/2014............................... 115
100 Morgan Stanley,
5.45%, 01/09/2017............................... 99
60 Prudential Financial, Inc.,
5.90%, 03/17/2036............................... 60
30 Regency Centers L.P.,
5.25%, 08/01/2015............................... 29
60 Reinsurance Group of America, Inc.,
5.63%, 03/15/2017............................... 59
20 Simon Property Group L.P.,
4.88%, 08/15/2010............................... 20
30 Simon Property Group L.P.,
5.10%, 06/15/2015............................... 29
45 Simon Property Group L.P.,
5.38%, 06/01/2011............................... 45
20 Symetra Financial Corp.,
6.13%, 04/01/2016 (I)........................... 20
10 Travelers Property Casualty Corp.,
6.38%, 03/15/2033............................... 10
80 Trustreet Properties, Inc.,
7.50%, 04/01/2015............................... 87
20 United Dominion Realty Trust, Inc.,
6.05%, 06/01/2013............................... 20
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT (B) VALUE (W)
- ---------- ---------
FINANCE -- (CONTINUED)
$ 10 Unitedhealth Group, Inc.,
3.38%, 08/15/2007............................... $ 10
25 UnitedHealth Group, Inc.,
5.38%, 03/15/2016............................... 25
55 Wachovia Corp.,
4.88%, 02/15/2014............................... 54
20 Wachovia Corp.,
5.63%, 10/15/2016............................... 20
60 Westfield Group,
5.40%, 10/01/2012 (I)........................... 60
25 Willis North America, Inc.,
6.20%, 03/28/2017............................... 25
25 WR Berkley Corp.,
5.88%, 02/15/2013............................... 25
25 XL Capital Europe plc,
6.50%, 01/15/2012............................... 26
-------
3,672
-------
FOREIGN GOVERNMENTS -- 1.1%
154 Russian Federation Government,
5.00%, 03/31/2030 (K)........................... 175
10 Russian Federation Government,
12.75%, 06/24/2028 (K).......................... 18
10 South Africa (Republic of),
7.38%, 04/25/2012............................... 11
6 United Mexican States,
5.63%, 01/15/2017............................... 6
69 United Mexican States,
6.75%, 09/27/2034............................... 77
MXP 250 United Mexican States,
9.00%, 12/22/2011............................... 24
-------
311
-------
HEALTH CARE -- 0.4%
40 Amerisource Bergen Corp.,
5.88%, 09/15/2015............................... 40
4 Encysive Pharmaceuticals, Inc.,
2.50%, 03/15/2012............................... 3
20 Laboratory Corp.,
5.63%, 12/15/2015............................... 20
40 Schering-Plough Corp.,
6.75%, 12/01/2033............................... 45
-------
108
-------
SERVICES -- 2.7%
55 CBS Corp.,
7.70%, 07/30/2010............................... 59
30 Clear Channel Communications, Inc.,
7.65%, 09/15/2010............................... 32
5 Comcast Corp.,
5.50%, 03/15/2011............................... 5
30 Comcast Corp.,
6.45%, 03/15/2037............................... 30
65 Comcast Corp.,
7.05%, 03/15/2033............................... 71
</Table>
The accompanying notes are an integral part of these financial statements.
110
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ---------
CORPORATE BONDS: INVESTMENT GRADE -- (CONTINUED)
SERVICES -- (CONTINUED)
$ 10 COX Communications, Inc.,
5.88%, 12/01/2016 (I)........................... $ 10
90 COX Communications, Inc.,
7.13%, 10/01/2012............................... 97
40 Electronic Data Systems Corp.,
7.45%, 10/15/2029............................... 43
10 Harrah's Operating Co., Inc.,
5.50%, 07/01/2010............................... 10
25 Harrah's Operating Co., Inc.,
5.63%, 06/01/2015............................... 22
30 News America, Inc.,
6.20%, 12/15/2034............................... 29
30 News America, Inc.,
6.40%, 12/15/2035............................... 30
25 News America, Inc.,
7.28%, 06/30/2028............................... 28
25 Omnicom Group, Inc.,
5.90%, 04/15/2016............................... 26
25 Time Warner Entertainment Co. L.P.,
7.25%, 09/01/2008............................... 26
30 Time Warner Entertainment Co. L.P.,
8.38%, 03/15/2023............................... 36
30 Time Warner, Inc.,
5.50%, 11/15/2011............................... 30
25 Time Warner, Inc.,
6.15%, 05/01/2007............................... 25
10 Time Warner, Inc.,
6.50%, 11/15/2036............................... 10
70 Time Warner, Inc.,
7.63%, 04/15/2031............................... 79
45 Viacom, Inc.,
6.25%, 04/30/2016............................... 46
10 Wyndham Worldwide,
6.00%, 12/01/2016 (I)........................... 10
-------
754
-------
TECHNOLOGY -- 5.3%
45 AT&T Broadband Corp.,
8.38%, 03/15/2013............................... 52
10 AT&T, Inc.,
5.10%, 09/15/2014............................... 10
85 AT&T, Inc.,
5.30%, 11/15/2010............................... 85
90 AT&T, Inc.,
6.15%, 09/15/2034............................... 90
50 Baltimore Gas and Electric,
6.35%, 10/01/2036 (I)........................... 51
30 Bellsouth Corp.,
5.20%, 09/15/2014............................... 30
35 British Telecommunications plc,
8.62%, 12/15/2010 (L)........................... 39
20 British Telecommunications plc,
9.12%, 12/15/2030 (L)........................... 28
35 Cingular Wireless Services, Inc.,
7.88%, 03/01/2011............................... 38
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ---------
TECHNOLOGY -- (CONTINUED)
$ 80 Cingular Wireless Services, Inc.,
8.75%, 03/01/2031............................... $ 105
45 Comcast Cable Communications, Inc.,
6.75%, 01/30/2011............................... 47
10 Comcast Corp.,
6.50%, 11/15/2035............................... 10
55 Deutsche Telekom International Finance B.V.,
8.00%, 06/15/2010 (L)........................... 60
70 Deutsche Telekom International Finance B.V.,
8.25%, 06/15/2030............................... 88
20 Embarq Corp.,
7.08%, 06/01/2016............................... 21
30 France Telecom S.A.,
7.75%, 03/01/2011 (L)........................... 33
35 France Telecom S.A.,
8.50%, 03/01/2031............................... 46
70 Sprint Capital Corp.,
6.13%, 11/15/2008............................... 71
10 Sprint Capital Corp.,
6.88%, 11/15/2028............................... 10
30 Sprint Capital Corp.,
8.38%, 03/15/2012............................... 33
30 Sprint Capital Corp.,
8.75%, 03/15/2032............................... 35
10 Sprint Nextel Corp.,
6.00%, 12/01/2016............................... 10
10 Telecom Italia Capital,
5.25%, 10/01/2015............................... 10
30 Telecom Italia Capital,
6.00%, 09/30/2034............................... 28
105 Telecom Italia Capital,
6.20%, 07/18/2011............................... 108
45 Telefonica Europe B.V.,
7.75%, 09/15/2010............................... 48
45 Telefonica Europe B.V.,
8.25%, 09/15/2030............................... 54
30 Time Warner Cable Inc.,
6.55%, 05/01/2037 (I)........................... 30
115 Verizon Global Funding Corp.,
7.25%, 12/01/2010............................... 123
75 Verizon Global Funding Corp.,
7.75%, 12/01/2030............................... 88
-------
1,481
-------
TRANSPORTATION -- 0.2%
36 American Airlines, Inc.,
3.86%, 07/09/2010............................... 34
10 Continental Airlines, Inc.,
6.90%, 04/19/2022............................... 10
-------
44
-------
</Table>
The accompanying notes are an integral part of these financial statements.
111
THE HARTFORD BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ---------
CORPORATE BONDS: INVESTMENT GRADE -- (CONTINUED)
UTILITIES -- 2.5%
$ 10 AES Panama S.A.,
6.35%, 12/21/2016 (I)........................... $ 10
30 American Electric Power Co., Inc.,
5.38%, 03/15/2010............................... 30
25 CenterPoint Energy Resources Corp.,
7.75%, 02/15/2011............................... 27
15 Commonwealth Edison Co.,
5.95%, 08/15/2016............................... 15
135 Dominion Resources, Inc.,
6.25%, 06/30/2012............................... 142
10 Duke Capital LLC,
6.25%, 02/15/2013............................... 10
55 Duke Capital LLC,
7.50%, 10/01/2009............................... 58
10 Duke Energy Field Services,
6.45%, 11/03/2036 (I)........................... 10
10 El Paso Natural Gas Co.,
5.95%, 04/15/2017 (I)........................... 10
45 Exelon Generation Co. LLC,
6.95%, 06/15/2011............................... 47
40 Kinder Morgan Energy Partners L.P.,
6.75%, 03/15/2011............................... 42
10 Kinder Morgan Energy Partners L.P.,
7.30%, 08/15/2033............................... 11
80 Midamerican Energy Holdings Co.,
6.13%, 04/01/2036............................... 81
10 Nisource Finance Corp.,
5.25%, 09/15/2017............................... 10
60 Nisource Finance Corp.,
7.88%, 11/15/2010............................... 65
40 Ohio Power Co.,
5.30%, 11/01/2010............................... 40
20 Peco Energy Co.,
5.70%, 03/15/2037............................... 20
50 Progress Energy, Inc.,
6.85%, 04/15/2012............................... 54
10 PSEG Power LLC,
8.63%, 04/15/2031............................... 14
-------
696
-------
Total corporate bonds: investment grade
(cost $8,616)................................... $ 8,717
-------
CORPORATE BONDS: NON-INVESTMENT GRADE -- 9.6%
BASIC MATERIALS -- 0.7%
30 Freeport-McMoRan Copper & Gold, Inc.,
8.38%, 04/01/2017............................... $ 33
5 Freeport-McMoRan Copper & Gold, Inc.,
8.56%, 04/01/2015 (L)........................... 5
5 Georgia Gulf Corp.,
9.50%, 10/15/2014 (I)........................... 5
15 Georgia-Pacific Corp.,
7.13%, 01/15/2017 (I)........................... 15
15 Hawk Corp.,
8.75%, 11/01/2014............................... 15
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ---------
BASIC MATERIALS -- (CONTINUED)
$ 15 Koppers Holdings, Inc.,
8.93%, 11/15/2014 (M)........................... $ 13
20 Novelis, Inc.,
7.25%, 02/15/2015............................... 21
15 Peabody Energy Corp.,
7.38%, 11/01/2016............................... 16
10 RathGibson, Inc.,
11.25%, 02/15/2014.............................. 11
20 RBS Global & Rexnord Corp.,
9.50%, 08/01/2014............................... 21
20 Texas Industries, Inc.,
7.25%, 07/15/2013............................... 21
10 Vitro S.A.,
9.13%, 02/01/2017 (I)........................... 10
-------
186
-------
CAPITAL GOODS -- 0.3%
15 ESCO Corp.,
8.63%, 12/15/2013 (I)........................... 16
10 Goodman Global Holding Co.,
7.88%, 12/15/2012............................... 10
20 GSI Group, Inc.,
12.00%, 05/15/2013.............................. 23
15 Hawker Beechcraft Acquisition Co.,
9.75%, 04/01/2017 (I)........................... 16
10 Transdigm, Inc.,
7.75%, 07/15/2014 (I)........................... 10
10 Yankee Acquisition Corp.,
8.50%, 02/15/2015 (I)........................... 10
-------
85
-------
CONSUMER CYCLICAL -- 0.5%
15 Aramark Corp.,
8.86%, 02/01/2015 (I)(L)........................ 15
15 AutoNation, Inc.,
7.36%, 04/15/2013 (L)........................... 15
10 Buffalo Thunder,
9.38%, 12/15/2014 (I)........................... 10
5 Building Materials Holdings Corp.,
7.75%, 08/01/2014............................... 5
20 General Motors Corp.,
8.38%, 07/15/2033............................... 18
25 IKON Office Solutions, Inc.,
7.75%, 09/15/2015............................... 26
10 K. Hovnanian Enterprises, Inc.,
8.88%, 04/01/2012............................... 10
5 Lazydays RV Center, Inc.,
11.75%, 05/15/2012.............................. 5
10 Standard Pacific Corp.,
7.00%, 08/15/2015............................... 9
20 TRW Automotive, Inc.,
7.00%, 03/15/2014 (I)........................... 20
-------
133
-------
</Table>
The accompanying notes are an integral part of these financial statements.
112
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT (B) VALUE (W)
- ---------- ---------
CORPORATE BONDS: NON-INVESTMENT GRADE -- (CONTINUED)
CONSUMER STAPLES -- 0.1%
$ 15 Land O'Lakes Capital Trust,
7.45%, 03/15/2028 (I)........................... $ 14
22 Pilgrim's Pride Corp.,
8.38%, 05/01/2017............................... 22
-------
36
-------
ENERGY -- 0.3%
25 Chesapeake Energy Corp.,
6.50%, 08/15/2017............................... 25
10 Delta Petroleum Corp.,
7.00%, 04/01/2015............................... 9
15 Exco Resources, Inc.,
7.25%, 01/15/2011............................... 15
5 OPTI Canada, Inc.,
8.25%, 12/15/2014 (I)........................... 5
20 Petrohawk Energy Corp.,
9.13%, 07/15/2013............................... 21
-------
75
-------
FINANCE -- 0.8%
15 Avis Budget Car Rental LLC,
7.86%, 05/15/2014 (I)(L)........................ 15
10 Ford Motor Credit Co.,
8.63%, 11/01/2010............................... 10
30 Ford Motor Credit Co.,
9.81%, 04/15/2012 (L)........................... 32
10 General Motors Acceptance Corp.,
6.88%, 09/15/2011............................... 10
15 General Motors Acceptance Corp.,
6.88%, 08/28/2012............................... 15
10 General Motors Acceptance Corp.,
7.25%, 03/02/2011............................... 10
20 General Motors Acceptance Corp.,
8.00%, 11/01/2031............................... 21
15 Host Marriott L.P.,
6.38%, 03/15/2015............................... 15
20 Kar Holdings, Inc.,
10.00%, 05/01/2015 (I).......................... 21
20 Neff Rental LLC,
11.25%, 06/15/2012.............................. 23
20 Rental Service Corp.,
9.50%, 12/01/2014 (I)........................... 21
20 Sunstate Equipment Co.,
10.50%, 04/01/2013 (I).......................... 21
10 United Rentals North America, Inc.,
7.00%, 02/15/2014............................... 10
-------
224
-------
FOREIGN GOVERNMENTS -- 3.7%
EUR 10 Argentina (Republic of),
1.20%, 12/31/2038............................... 6
ARS 45 Argentina (Republic of),
2.00%, 09/30/2014............................... 13
ARS 34 Argentina (Republic of),
2.00%, 02/04/2018............................... 10
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT (B) VALUE (W)
- ---------- ---------
FOREIGN GOVERNMENTS -- (CONTINUED)
$ 38 Argentina (Republic of),
5.48%, 08/03/2012 (L)........................... $ 36
ARS 29 Argentina (Republic of),
5.83%, 12/31/2033............................... 10
15 Argentina (Republic of),
7.00%, 09/12/2013............................... 15
10 Argentina (Republic of),
7.00%, 04/17/2017............................... 9
6 Argentina (Republic of),
8.28%, 12/31/2033............................... 6
ARS 45 Argentina (Republic of),
11.67%, 02/20/2008 (L).......................... 15
100 Brazil (Republic of),
6.00%, 01/17/2017............................... 102
15 Brazil (Republic of),
7.88%, 03/07/2015............................... 17
45 Brazil (Republic of),
8.25%, 01/20/2034............................... 58
50 Brazil (Republic of),
8.88%, 10/14/2019............................... 64
BRL 65 Brazil (Republic of),
10.00%, 01/01/2014.............................. 32
BRL 5 Brazil (Republic of),
10.00%, 01/01/2017.............................. 24
45 Colombia (Republic of),
8.25%, 12/22/2014............................... 52
25 Colombia (Republic of),
10.38%, 01/28/2033.............................. 37
5 Costa Rica (Republic of),
8.05%, 01/31/2013 (K)........................... 6
5 Costa Rica (Republic of),
10.00%, 08/01/2020 (K).......................... 7
10 Ecuador (Republic of),
10.00%, 08/15/2030 (K).......................... 9
IDR 300,000 Indonesia Government,
11.00%, 11/15/2020.............................. 35
5 Panama (Republic of),
6.70%, 01/26/2036............................... 5
10 Panama (Republic of),
7.25%, 03/15/2015............................... 11
10 Panama (Republic of),
9.38%, 07/23/2012............................... 12
29 Peru (Republic of),
6.55%, 03/14/2037............................... 31
10 Peru (Republic of),
8.75%, 11/21/2033............................... 13
85 Philippines (Republic of),
9.38%, 01/18/2017............................... 105
15 Turkey (Republic of),
6.88%, 03/17/2036............................... 15
100 Turkey (Republic of),
7.25%, 03/15/2015............................... 104
5 Turkey (Republic of),
8.00%, 02/14/2034............................... 6
20 Turkey (Republic of),
9.50%, 01/15/2014............................... 23
</Table>
The accompanying notes are an integral part of these financial statements.
113
THE HARTFORD BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ---------
CORPORATE BONDS: NON-INVESTMENT GRADE -- (CONTINUED)
FOREIGN GOVERNMENTS -- (CONTINUED)
$ 10 Uruguay (Republic of),
7.63%, 03/21/2036............................... $ 11
15 Venezuela (Republic of),
5.38%, 08/07/2010 (K)........................... 15
70 Venezuela (Republic of),
5.75%, 02/26/2016............................... 65
5 Venezuela (Republic of),
6.36%, 04/20/2011 (L)........................... 5
10 Venezuela (Republic of),
7.00%, 12/01/2018 (K)........................... 10
30 Venezuela (Republic of),
8.50%, 10/08/2014............................... 33
-------
1,027
-------
HEALTH CARE -- 0.6%
20 Advanced Medical Optics, Inc.,
7.50%, 05/01/2017 (I)........................... 21
15 Angiotech Pharmaceuticals, Inc.,
7.75%, 04/01/2014............................... 14
35 CDRV Investors, Inc.,
9.50%, 01/01/2015 (M)........................... 31
20 Elan Financial plc,
7.75%, 11/15/2011............................... 20
20 Elan Financial plc,
9.36%, 11/15/2011 (L)........................... 20
35 HCA, Inc.,
9.63%, 11/15/2016 (I)........................... 38
10 Rite Aid Corp.,
7.50%, 03/01/2017............................... 10
15 Tenet Healthcare Corp.,
9.88%, 07/01/2014............................... 16
-------
170
-------
SERVICES -- 1.3%
30 AMC Entertainment, Inc.,
8.00%, 03/01/2014............................... 31
15 Carriage Services, Inc.,
7.88%, 01/15/2015............................... 15
5 Clarke American Corp.,
9.50%, 05/15/2015 (I)........................... 5
15 Coleman Cable, Inc.,
9.88%, 10/01/2012 (I)........................... 16
20 CSC Holdings, Inc.,
7.63%, 07/15/2018............................... 20
30 Liberty Media Corp.,
7.88%, 07/15/2009............................... 31
10 Liberty Media Corp.,
8.50%, 07/15/2029............................... 10
15 Majestic Star LLC/CAP II,
9.75%, 01/15/2011............................... 14
10 Marquee Holdings, Inc.,
7.66%, 08/15/2014 (M)........................... 9
20 OED Corp./Diamond Jo LLC,
8.75%, 04/15/2012............................... 20
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ---------
SERVICES -- (CONTINUED)
$ 20 Open Solutions, Inc.,
9.75%, 02/01/2015 (I)........................... $ 21
20 Park Place Entertainment Corp.,
8.13%, 05/15/2011............................... 21
30 RH Donnelley Corp.,
6.88%, 01/15/2013............................... 30
10 Seminole Hard Rock Entertainment,
7.85%, 03/15/2014 (I)(L)........................ 10
10 Sensata Technologies,
8.00%, 05/01/2014............................... 10
10 Service Corp. International,
7.00%, 06/15/2017............................... 10
10 Six Flags, Inc.,
8.88%, 02/01/2010............................... 10
20 SunGard Data Systems, Inc.,
9.13%, 08/15/2013............................... 21
12 SunGard Data Systems, Inc.,
10.25%, 08/15/2015.............................. 13
25 Virgin River Casino Corp.,
9.00%, 01/15/2012............................... 26
15 West Corp.,
11.00%, 10/15/2016 (I).......................... 17
-------
360
-------
TECHNOLOGY -- 0.9%
20 ALH Finance Corp.,
8.50%, 01/15/2013............................... 20
15 CCH II Holdings LLC/CCH II Capital,
10.25%, 10/01/2013.............................. 16
20 Charter Communications Operating LLC,
8.00%, 04/30/2012 (I)........................... 21
3 Charter Communications, Inc.,
5.88%, 11/16/2009............................... 4
10 Dobson Cellular Systems,
8.38%, 11/01/2011............................... 11
25 Freescale Semiconductor, Inc.,
10.13%, 12/15/2016 (I).......................... 25
20 Idearc, Inc.,
8.00%, 11/15/2016 (I)........................... 21
15 Intelsat Intermediate,
8.49%, 02/01/2015 (M)........................... 13
20 Mediacom Broadband LLC,
8.50%, 10/15/2015............................... 21
5 ON Semiconductor Corp.,
2.63%, 12/15/2026............................... 6
15 PGS Solutions, Inc.,
9.63%, 02/15/2015 (I)........................... 15
30 Qwest Corp.,
7.63%, 06/15/2015............................... 32
10 UGS Corp.,
10.00%, 06/01/2012.............................. 11
30 Windstream Corp.,
8.13%, 08/01/2013............................... 34
-------
250
-------
</Table>
The accompanying notes are an integral part of these financial statements.
114
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ---------
CORPORATE BONDS: NON-INVESTMENT GRADE -- (CONTINUED)
TRANSPORTATION -- 0.1%
$ 10 American Rail Car Industries, Inc.,
7.50%, 03/01/2014............................... $ 10
28 Continental Airlines, Inc.,
9.80%, 04/01/2021............................... 31
-------
41
-------
UTILITIES -- 0.3%
10 Aquila, Inc.,
14.88%, 07/01/2012.............................. 13
5 CIA Transporte Energia,
8.88%, 12/15/2016 (I)........................... 5
10 National Power Corp.,
9.88%, 03/16/2010............................... 11
25 NRG Energy, Inc.,
7.38%, 01/15/2017............................... 26
20 TXU Corp.,
6.50%, 11/15/2024............................... 18
-------
73
-------
Total corporate bonds: non-investment grade
(cost $2,581)................................... $ 2,660
-------
CONTRACTS
- ----------
CALL OPTIONS PURCHASED -- 0.0%
ISSUER/EXPIRATION DATE/EXERCISE PRICE
25 Turkey (Republic of), 05/29/2007, $95.50.......... $ 1
-------
Total call options purchased
(cost $--)...................................... $ 1
-------
PRINCIPAL
AMOUNT
- ----------
U.S. GOVERNMENT SECURITIES -- 3.5%
U.S. TREASURY SECURITIES -- 3.5%
$ 400 2.625% 2008....................................... $ 391
125 4.875% 2016....................................... 127
200 5.125% 2011....................................... 205
225 6.00% 2026 (S).................................... 255
-------
Total U.S. government securities
(cost $978)..................................... $ 978
-------
Total long-term investments
(cost $25,462).................................. $26,690
-------
SHORT-TERM INVESTMENTS -- 4.8%
FINANCE -- 0.1%
20 HSBC Bank USA,
7.65%, 06/18/2007 (M)........................... $ 20
-------
REPURCHASE AGREEMENTS -- 4.7 %
433 Bank of America Securities TriParty Joint
Repurchase Agreement,
5.24%, 05/01/2007............................... 433
161 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 161
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ---------
REPURCHASE AGREEMENTS -- (CONTINUED)
$ 5 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... $ 5
215 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 215
491 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 491
-------
1,305
-------
Total short-term investments
(cost $1,325)................................... $ 1,325
-------
Total investments in securities
(cost $26,787) (C).............................. $28,015
=======
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 13.13% of total net assets at April 30, 2007.
(B) All principal amounts are in U.S. dollars unless otherwise indicated.
<Table>
ARS -- Argentine Peso
BRL -- Brazilian Real
EUR -- EURO
IDR -- Indonesian Rupiah
MXP -- Mexican Peso
</Table>
(C) At April 30, 2007, the cost of securities for federal income tax purposes
was $26,789 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation.......................... $1,272
Unrealized depreciation.......................... (46)
------
Net unrealized appreciation...................... $1,226
======
</Table>
(D) Currently non-income producing.
(I) Securities issued within terms of a private placement memorandum, exempt
from registration under Section 144A of the Securities Act of 1933, as
amended, and may be sold only to qualified institutional buyers. Pursuant
to guidelines adopted by the Board of Directors, these issues are
determined to be liquid. The aggregate value of these securities at April
30, 2007, was $1,358, which represents 4.88% of total net assets.
(K) Securities contain some restrictions as to public resale. These securities
comply with Regulation S, rules governing offers and sales made outside
the United States without registration under the Securities Act of 1933,
and are determined to be liquid. At April 30, 2007, the market value of
these securities amounted to $250 or 0.90% of total net assets.
(L) Variable rate securities; the rate reported is the coupon rate in effect
at April 30, 2007.
(M) The interest rate disclosed for these securities represents the effective
yield on the date of acquisition.
The accompanying notes are an integral part of these financial statements.
115
THE HARTFORD BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
(S) Security pledged as initial margin deposit for open futures contracts at
April 30, 2007.
FUTURES CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
NUMBER OF APPRECIATION
DESCRIPTION CONTRACTS* POSITION EXPIRATION (DEPRECIATION)
----------- ---------- -------- ---------- --------------
5 Year U.S. Treasury
Note 10 Long June 2007 $1
==
</Table>
* The number of contracts does not omit 000's.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
FORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
MARKET CONTRACT DELIVERY APPRECIATION
DESCRIPTION TRANSACTION VALUE AMOUNT DATE (DEPRECIATION)
- ----------- ----------- ------ -------- ---------- --------------
Argentine Peso Sell $ 5 $ 5 06/20/2007 $--
Brazilian Real Buy 7 7 06/20/2007 --
Euro Sell 5 5 06/20/2007 --
Peruvian New Sol Buy 14 14 06/20/2007 --
Peruvian New Sol Sell 6 6 06/20/2007 --
---
$--
===
</Table>
The accompanying notes are an integral part of these financial statements.
116
THE HARTFORD CAPITAL APPRECIATION FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
-------- -----------
COMMON STOCK -- 95.4%
BASIC MATERIALS -- 12.2%
2,023 Aracruz Celulose S.A. ADR......................... $ 111,251
4,202 Cameco Corp. (G).................................. 195,879
498 Church & Dwight Co., Inc. (G)..................... 25,253
6,070 Companhia Vale do Rio Doce ADR.................... 246,515
7,111 Dow Chemical Co. ................................. 317,240
3,327 Freeport-McMoRan Copper & Gold, Inc. ............. 223,422
794 IPSCO, Inc. ...................................... 117,437
557 Potash Corp. of Saskatchewan...................... 99,975
2,500 Rio Tinto plc (A)................................. 151,912
1,695 Teck Cominco Ltd. Class B (D)..................... 128,384
9,773 Vedanta Resources plc (A)......................... 266,116
4,160 Xstrata plc (A)................................... 216,449
-----------
2,099,833
-----------
CAPITAL GOODS -- 7.9%
2,191 3M Co. ........................................... 181,349
9,298 ABB Ltd. ADR...................................... 185,596
2,449 Atlas Copco AB (A)(G)............................. 92,952
2,243 Boeing Co. ....................................... 208,637
267 Caterpillar, Inc. ................................ 19,360
1,710 Deere & Co. ...................................... 187,063
3,800 Ingersoll-Rand Co. Class A........................ 169,670
1,681 ITT Corp. ........................................ 107,233
900 Joy Global, Inc. (G).............................. 45,567
8,400 Xerox Corp. (D)................................... 155,400
-----------
1,352,827
-----------
CONSUMER CYCLICAL -- 7.8%
1,719 BorgWarner, Inc. ................................. 133,965
5,924 Federated Department Stores, Inc. (G)............. 260,165
15,072 Ford Motor Co. (G)................................ 121,179
4,398 Honda Motor Co., Ltd. (A)......................... 151,061
1,891 LG Electronics, Inc. (A)(D)....................... 126,095
2,005 Ltd. Brands, Inc. ................................ 55,278
5,896 TJX Cos., Inc. ................................... 164,439
5,226 Toyota Motor Corp. (A)............................ 317,416
357 Whole Foods Market, Inc. (G)...................... 16,709
-----------
1,346,307
-----------
CONSUMER STAPLES -- 3.0%
3,010 Bunge Ltd. Finance Corp. (G)...................... 228,060
3,874 Cosan S.A. Industria E Comercio (D)............... 77,697
2,250 Procter & Gamble Co. ............................. 144,704
3,196 Tyson Foods, Inc. Class A......................... 66,984
-----------
517,445
-----------
ENERGY -- 9.0%
2,162 EnCana Corp. (G).................................. 113,413
2,077 Ente Nazionale Idrocarburi S.p.A. (A)............. 68,872
11,285 Halliburton Co. (G)............................... 358,531
5,955 OAO Gazprom ADR (K)............................... 237,295
5,696 Pride International, Inc. (D)..................... 186,892
3,573 Sasol Ltd. ADR.................................... 122,072
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
-------- -----------
ENERGY -- (CONTINUED)
5,000 Weatherford International Ltd. (D)................ $ 262,450
3,500 XTO Energy, Inc. ................................. 189,945
-----------
1,539,470
-----------
FINANCE -- 14.5%
4,634 ACE Ltd. ......................................... 275,561
26,085 Akbank T.A.S (A).................................. 187,666
1,777 American International Group, Inc. ............... 124,202
201 Augsburg Re AG (A)(D)(H).......................... --
2,019 Capital One Financial Corp. ...................... 149,924
4,873 China CITIC Bank (D).............................. 4,093
7,076 Citigroup, Inc. .................................. 379,398
445 Commerce Bancorp, Inc. (G)........................ 14,871
413 Deutsche Boerse AG (A)(G)......................... 96,950
1,150 Eurocastle Investment Ltd. ....................... 60,708
3,600 European Capital Ltd. (A)(D)(H)................... 47,703
3,138 Julius Baer Holding Ltd. (A)(G)................... 218,783
326 ORIX Corp. (A).................................... 86,898
587 Raiffeisen International Bank Holding AG (A)...... 81,165
1,957 Reliance Zero (D) (I)............................. 74,160
1,435 Standard Chartered plc (A)........................ 44,349
2,768 UBS AG............................................ 179,650
2,445 Uniao de Bancos Brasileiros S.A. GDR.............. 237,273
2,800 Wellpoint, Inc. (D)............................... 221,116
-----------
2,484,470
-----------
HEALTH CARE -- 6.8%
1,469 Abbott Laboratories............................... 83,146
5,930 CVS/Caremark Corp. ............................... 214,903
2,986 Eli Lilly & Co. .................................. 176,533
1,585 Monsanto Co. ..................................... 93,470
1,142 Sanofi-Aventis S.A. (A)(G)........................ 104,553
1,933 Sanofi-Aventis S.A. ADR........................... 88,647
4,027 Teva Pharmaceutical Industries Ltd. ADR........... 154,271
4,526 Wyeth............................................. 251,193
-----------
1,166,716
-----------
SERVICES -- 3.6%
233 Computer Sciences Corp. (D)....................... 12,941
500 Fluor Corp. ...................................... 47,810
25 Harvey Weinstein Master L.P. (A)(D)(H)............ 32,757
3,000 Melco PBL Entertainment Ltd. ADR (D)(G)........... 52,260
10,872 News Corp. Class A................................ 243,422
750 Starwood Hotels & Resorts......................... 50,265
19,031 Sun Microsystems, Inc. (D)........................ 99,343
2,300 Walt Disney Co. .................................. 80,454
-----------
619,252
-----------
TECHNOLOGY -- 28.3%
2,515 Akamai Technologies, Inc. (D)..................... 110,852
3,738 Amdocs Ltd. (D)................................... 137,379
1,005 Apple, Inc. (D)................................... 100,299
5,800 AT&T, Inc. ....................................... 224,576
5,026 BEA Systems, Inc. (D)(G).......................... 59,253
10,821 Cisco Systems, Inc. (D)........................... 289,340
1,795 Cognex Corp. (G).................................. 38,689
</Table>
The accompanying notes are an integral part of these financial statements.
117
THE HARTFORD CAPITAL APPRECIATION FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
-------- -----------
COMMON STOCK -- (CONTINUED)
TECHNOLOGY -- (CONTINUED)
4,527 Corning, Inc. (D)................................. $ 107,371
779 Dover Corp. ...................................... 37,490
17,805 EMC Corp. (D)..................................... 270,277
11,205 General Electric Co. ............................. 413,015
931 Google, Inc. (D).................................. 438,761
5,370 Hewlett-Packard Co. .............................. 226,283
25,029 Hon Hai Precision Industry Co., Ltd. (A).......... 165,067
6,257 Intel Corp. ...................................... 134,534
3,046 International Business Machines Corp. ............ 311,311
1,400 L-3 Communications Holdings, Inc. ................ 125,902
8,123 Medtronic, Inc. .................................. 429,934
1,209 MEMC Electronic Materials, Inc. (D)............... 66,328
455 NII Holdings, Inc. Class B (D).................... 34,929
9,912 Nortel Networks Corp. (D)......................... 226,787
13,673 Oracle Corp. (D).................................. 257,051
3,392 Qualcomm, Inc. ................................... 148,583
4,678 Raytheon Co. ..................................... 250,447
899 Research In Motion Ltd. (D)....................... 118,238
10,812 Turkcell Iletisim Hizmetleri A.S. (A)............. 59,385
4,992 Turkcell Iletisim Hizmetleri A.S. ADR (G)......... 70,593
-----------
4,852,674
-----------
UTILITIES -- 2.3%
1,600 American Electric Power Co., Inc. ................ 80,352
35,220 Datang International Power (A).................... 40,343
4,921 Suntech Power Holdings Co., Ltd. ADR (D)(G)....... 178,541
1,085 Veolia Environment S.A. (A)(G).................... 89,587
-----------
388,823
-----------
Total common stock
(cost $14,006,038).............................. $16,367,817
-----------
<Caption>
PRINCIPAL
AMOUNT
-----------
CORPORATE BONDS: INVESTMENT GRADE -- 0.1%
FINANCE -- 0.1%
$ 397 Augsburg Re AG,
0.00%, 12/31/2049 (A)+(H)....................... $ 222
23,500 UBS Luxembourg S.A.,
6.23%, 02/11/2015............................... 23,878
-----------
24,100
-----------
Total corporate bonds: investment grade
(cost $24,699).................................. $ 24,100
-----------
Total long-term investments
(cost $14,030,737).............................. $16,391,917
-----------
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
----------- -----------
SHORT-TERM INVESTMENTS -- 10.0%
REPURCHASE AGREEMENTS -- 4.5%
$254,237 Banc of America TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 254,237
94,162 BNP Paribas Security Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 94,162
2,965 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 2,965
126,177 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 126,177
288,136 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 288,136
-----------
765,677
-----------
<Caption>
SHARES
--------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 5.5%
CASH COLLATERAL REINVESTMENT FUND:
953,537 BNY Institutional Cash Reserve Fund............... 953,537
-----------
Total short-term investments
(cost $1,719,214)............................... $ 1,719,214
-----------
Total investments in securities
(cost $15,749,951) (C).......................... $18,111,131
===========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 31.63% of total net assets at April 30, 2007.
(A) The aggregate value of securities valued in good faith at fair value by,
or under the direction of, the Funds' Board of Directors at April 30,
2007, was $2,646,301, which represents 15.43% of total net assets.
(C) At April 30, 2007, the cost of securities for federal income tax purposes
was $15,766,678 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation....................... $2,548,492
Unrealized depreciation....................... (204,039)
----------
Net unrealized appreciation................... $2,344,453
==========
</Table>
(D) Currently non-income producing.
(G) Security is partially on loan at April 30, 2007.
The accompanying notes are an integral part of these financial statements.
118
- --------------------------------------------------------------------------------
(H) The following securities are considered illiquid. Illiquid securities are
often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD
ACQUIRED SHARES/PAR SECURITY COST BASIS
-------- ---------- -------- ----------
06/2006 397 Augsburg Re AG - 144A,
0.00%, 12/31/2049 $ 739
06/2006 201 Augsburg Re AG - 144A 64
10/2005- 3,600 European Capital Ltd. - Reg
12/2006 D 45,353
10/2005 25 Harvey Weinstein Master
L.P. - Reg D 23,636
</Table>
The aggregate value of these securities at April 30, 2007 was
$80,682, which represents 0.47% of total net assets.
(I) Securities issued within terms of a private placement memorandum, exempt
from registration under Section 144A of the Securities Act of 1933, as
amended, and may be sold only to qualified institutional buyers. Pursuant
to guidelines adopted by the Board of Directors, these issues are
determined to be liquid. The aggregate value of these securities at April
30, 2007, was $74,160, which represents 0.43% of total net assets.
(K) Securities contain some restrictions as to public resale. These securities
comply with Regulation S, rules governing offers and sales made outside
the United States without registration under the Securities Act of 1933,
and are determined to be liquid. At April 30, 2007, the market value of
these securities amounted to $237,295 or 1.38% of total net assets.
+ Convertible debt security.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
FORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
MARKET CONTRACT DELIVERY APPRECIATION
DESCRIPTION TRANSACTION VALUE AMOUNT DATE (DEPRECIATION)
- ----------- ----------- ------ -------- ---------- --------------
Euro Sell $824,970 $794,338 12/20/2007 $(30,632)
========
</Table>
The accompanying notes are an integral part of these financial statements.
119
THE HARTFORD CAPITAL APPRECIATION II FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 93.5%
BASIC MATERIALS -- 12.0%
12 Aber Diamond Corp. ............................... $ 420
16 Alcan, Inc. ...................................... 936
143 Alcoa, Inc. ...................................... 5,086
2 Allegheny Technologies, Inc. ..................... 199
17 Aracruz Celulose S.A. ADR......................... 922
81 Arch Coal, Inc. .................................. 2,914
8 BHP Billiton Ltd. ADR (G)......................... 400
22,201 Bumi Resources TBK PT (A)......................... 3,352
208 Cameco Corp. ..................................... 9,687
29 Celanese Corp. ................................... 964
131 Chemtura Corp. ................................... 1,446
9 Companhia Siderurgica Nacional S.A. .............. 370
152 Companhia Vale do Rio Doce ADR.................... 6,186
27 Cytec Industries, Inc. ........................... 1,488
11 Dow Chemical Co. ................................. 487
25 E.I. DuPont de Nemours & Co. ..................... 1,210
19 Energy Resources of Australia Ltd. (A)............ 400
57 Evraz Group S.A. ................................. 2,000
75 First Uranium Corp. (D)........................... 834
7 FMC Corp. ........................................ 531
126 Freeport-McMoRan Copper & Gold, Inc. ............. 8,467
13 Haynes International, Inc. (D).................... 1,037
64 Impala Platinum Holdings Ltd. (A)................. 2,055
8 IPSCO, Inc. ...................................... 1,138
165 Jarden Corp. (D).................................. 6,964
52 Mueller Water Products, Inc. Class B.............. 743
23 Outotec Oyj (A)................................... 981
103 Owens-Illinois, Inc. (D).......................... 3,087
41 Paladin Resources Ltd. (A)(D)(G).................. 322
54 Potash Corp. of Saskatchewan...................... 9,774
21 Rio Tinto plc (A)................................. 1,297
12 Rio Tinto plc ADR................................. 2,977
17 Schnitzer Steel Industries, Inc. ................. 893
99 Smurfit-Stone Container Corp. (D)................. 1,192
217 SXR Uranium One, Inc. (D)......................... 3,251
19 Teck Cominco Ltd. Class B (D)..................... 1,436
46 TMK OAO GDR (D) (I)............................... 1,660
4 United States Steel Corp. ........................ 378
56 Vedanta Resources plc (A)......................... 1,511
86 Xstrata plc (A)................................... 4,486
--------
93,481
--------
CAPITAL GOODS -- 3.8%
43 ABB Ltd. ADR...................................... 858
17 Alliant Techsystems, Inc. (D)..................... 1,537
18 Alstom RGPT (A)(D)................................ 2,672
21 Atlas Copco AB (A)(G)............................. 790
12 Bucyrus International, Inc. ...................... 725
7 Caterpillar, Inc. ................................ 477
25 Danieli & Co. (A)................................. 675
33 Deere & Co. ...................................... 3,635
113 Goodrich Corp. ................................... 6,440
14 ITT Corp. ........................................ 903
16 Joy Global, Inc. ................................. 830
33 Kennametal, Inc. ................................. 2,357
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
CAPITAL GOODS -- (CONTINUED)
57 Lam Research Corp. (D)............................ $ 3,071
5 National Oilwell Varco, Inc. (D).................. 399
54 Sandvik AB (A)(G)................................. 1,022
30 Varian Semiconductor Equipment Associates, Inc.
(D)............................................. 2,011
56 Xerox Corp. (D)................................... 1,037
--------
29,439
--------
CONSUMER CYCLICAL -- 7.8%
59 Aisin Seiki Co., Ltd. (A)......................... 1,950
70 American Axle & Manufacturing Holdings, Inc.
(G)............................................. 1,962
95 Circuit City Stores, Inc. ........................ 1,656
38 Copart, Inc. (D).................................. 1,113
67 Federated Department Stores, Inc. ................ 2,933
150 Foot Locker, Inc. ................................ 3,578
886 Ford Motor Co. (G)................................ 7,123
10 Foster Wheeler Ltd. (D)........................... 657
60 Home Depot, Inc. ................................. 2,287
24 Honda Motor Co., Ltd. ADR......................... 830
110 Jamba, Inc. (D)(G)................................ 965
65 KarstadtQuelle AG (A)(D)(G)....................... 2,496
113 Kohl's Corp. (D).................................. 8,374
24 LG Electronics, Inc. (A)(D)....................... 1,620
24 Ltd. Brands, Inc. ................................ 667
24 MDC Holdings, Inc. ............................... 1,230
16 Metso Oyj (A)..................................... 863
123 Ruby Tuesday, Inc. (G)............................ 3,294
68 Safeway, Inc. .................................... 2,465
334 Tesco plc (A)..................................... 3,076
123 Tiffany & Co. .................................... 5,871
29 Tod's S.p.A. (A).................................. 2,695
24 Toyota Motor Corp. (A)............................ 1,427
46 TRW Automotive Holdings Corp. (D)................. 1,705
--------
60,837
--------
CONSUMER STAPLES -- 2.9%
67 Avon Products, Inc. .............................. 2,650
77 Darling International, Inc. (D)................... 593
68 Imperial Tobacco Group plc (A).................... 2,957
2,398 Marine Harvest (A)(D)(G).......................... 2,561
12 Nestle S.A. (A)(G)................................ 4,621
140 Origin Agritech Ltd. (D).......................... 1,213
56 Royal Numico N.V. (A)(H).......................... 3,085
31 Tyson Foods, Inc. Class A......................... 655
140 Unilever N.V. NY Shares........................... 4,272
--------
22,607
--------
ENERGY -- 6.1%
216 Brasil EcoDiesel Industria (D).................... 987
6 Core Laboratories N.V. (D)........................ 584
13 EnCana Corp. ..................................... 698
50 Ente Nazionale Idrocarburi S.p.A. (A)............. 1,644
40 Exxon Mobil Corp. ................................ 3,191
23 GlobalSantaFe Corp. .............................. 1,485
171 Halliburton Co. .................................. 5,427
28 Lukoil ADR........................................ 2,145
</Table>
The accompanying notes are an integral part of these financial statements.
120
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
ENERGY -- (CONTINUED)
35 Newfield Exploration Co. (D)...................... $ 1,518
28 Noble Corp. ...................................... 2,331
38 Noble Energy, Inc. ............................... 2,211
99 OAO Gazprom ADR (K)............................... 3,936
35 Petro-Canada...................................... 1,547
53 Sasol Ltd. ADR.................................... 1,817
131 Talisman Energy, Inc.+............................ 2,497
147 Talisman Energy, Inc.+............................ 2,780
66 Total S.A. ADR.................................... 4,882
22 UGI Corp. ........................................ 635
11 Valero Energy Corp. .............................. 758
71 Weatherford International Ltd. (D)................ 3,737
52 XTO Energy, Inc. ................................. 2,800
--------
47,610
--------
FINANCE -- 15.9%
151 ACE Ltd. ......................................... 8,948
94 Aercap Holdings N.V. (D).......................... 2,733
46 Aetna, Inc. ...................................... 2,171
25 Affiliated Managers Group, Inc. (D)(G)............ 2,894
155 Aircastle Ltd. ................................... 5,164
230 Akbank T.A.S (A).................................. 1,652
21 AMBAC Financial Group, Inc. ...................... 1,928
40 American International Group, Inc. ............... 2,782
147 Apollo Investment Corp. .......................... 3,223
264 Asya Katilim Bankasi AS (A)(D).................... 1,537
18 Axis Capital Holdings Ltd. ....................... 657
195 Bank of America Corp. ............................ 9,903
135 Capital One Financial Corp. ...................... 10,054
21 China CITIC Bank (D).............................. 18
948 China Merchants Bank Co., Ltd. (A)(D)............. 2,307
23 CIT Group, Inc. .................................. 1,372
55 Citigroup, Inc. .................................. 2,933
37 Climate Exchange plc (A)(D)....................... 907
79 Commerce Bancorp, Inc. ........................... 2,634
87 Dah Sing Financial Group (A)...................... 742
18 Deutsche Boerse AG (A)(G)......................... 4,216
127 E*Trade Financial Corp. (D)....................... 2,793
23 Erste Bank Der Oesterreichischen Sparkassen AG
(A)............................................. 1,835
9 Eurocastle Investment Ltd. ....................... 459
29 Everest Re Group Ltd. ............................ 2,921
531 Freedom Acquisition Holdings, Inc. (D)............ 5,799
140 Genesis Lease Ltd. ............................... 3,780
236 Hong Kong Exchanges & Clearing Ltd. (A)........... 2,244
412 Hopson Development Holdings Ltd. (A).............. 966
42 Julius Baer Holding Ltd. (A)...................... 2,948
35 KKR Financial Corp. .............................. 935
214 Nasdaq Stock Market, Inc. (D)..................... 6,961
32 Nuveen Investments, Inc. Class A.................. 1,711
2 ORIX Corp. (A).................................... 533
125 PennantPark Investment Corp. (D).................. 1,875
43 Platinum Underwriters Holdings Ltd. .............. 1,468
153 Royal Bank of Scotland Group plc (A).............. 5,852
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
FINANCE -- (CONTINUED)
27 TD Ameritrade Holding Corp. (D)................... $ 465
108 UBS AG............................................ 7,016
337 UniCredito Italiano S.p.A. (A).................... 3,460
31 Unum Group........................................ 779
--------
123,575
--------
HEALTH CARE -- 9.0%
10 Abbott Laboratories............................... 578
92 Alkermes, Inc. (D)................................ 1,516
39 Amylin Pharmaceuticals, Inc. (D)(G)............... 1,612
19 Astellas Pharma, Inc. (A)......................... 809
42 Bristol-Myers Squibb Co. ......................... 1,201
24 Cie Generale d'Optique Essilor International S.A.
(A)(D)(G)....................................... 2,837
48 Cooper Co., Inc. ................................. 2,448
139 CVS/Caremark Corp. ............................... 5,051
118 Digene Corp. (D).................................. 5,410
14 Eisai Co., Ltd. (A)(G)............................ 674
39 Eli Lilly & Co. .................................. 2,294
125 HealthSouth Corp. (D)(G).......................... 2,626
414 Hengan International Group Co., Ltd. (A).......... 1,313
183 Impax Laboratories, Inc. (D)...................... 1,843
8 Kyphon, Inc. (D).................................. 368
80 MGI Pharma, Inc. (D).............................. 1,764
15 Monsanto Co. ..................................... 900
26 Sanofi-Aventis S.A. (A)(G)........................ 2,403
87 Sanofi-Aventis S.A. ADR........................... 3,985
487 Schering-Plough Corp. ............................ 15,460
152 Shionogi & Co., Ltd. (A).......................... 2,962
167 St. Jude Medical, Inc. (D)........................ 7,163
22 Teva Pharmaceutical Industries Ltd. ADR........... 838
68 Wyeth............................................. 3,752
--------
69,807
--------
SERVICES -- 6.1%
130 Allied Waste Industries, Inc. (D)................. 1,743
95 Avis Budget Group, Inc. .......................... 2,681
208 BearingPoint, Inc. (D)............................ 1,523
47 CACI International, Inc. Class A (D).............. 2,131
16 Comcast Corp. Class A (D)......................... 432
116 Comcast Corp. Special Class A (D)................. 3,061
56 Entercom Communications Corp. .................... 1,562
130 Equifax, Inc. (D)................................. 5,158
10 Fluor Corp. ...................................... 990
196 Focus Media Holding Ltd. ADR (D)(G)............... 7,250
133 Genius Products, Inc. (D)......................... 401
100 Melco PBL Entertainment Ltd. ADR (D).............. 1,742
53 News Corp. Class A................................ 1,178
40 R.H. Donnelley Corp. (D).......................... 3,151
244 Resources Connection, Inc. (D).................... 7,364
634 Shangri-La Asia Ltd. (A).......................... 1,550
116 Shine Media Acquisition Corp. (D)................. 769
41 Sunopta, Inc. (D)................................. 524
1,123 Thorium Power Ltd. (D)............................ 286
86 Unisys Corp. (D).................................. 673
</Table>
The accompanying notes are an integral part of these financial statements.
121
THE HARTFORD CAPITAL APPRECIATION II FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
SERVICES -- (CONTINUED)
12 Viacom, Inc. Class B (D).......................... $ 507
76 Walt Disney Co. .................................. 2,670
--------
47,346
--------
TECHNOLOGY -- 25.8%
487 Activision, Inc. (D)#............................. 9,748
208 Adobe Systems, Inc. (D)........................... 8,640
37 Apple, Inc. (D)................................... 3,713
70 Arrow Electronics, Inc. (D)....................... 2,782
49 Canon, Inc. (A)................................... 2,727
200 Cinram International Income Fund.................. 4,487
246 Cisco Systems, Inc. (D)........................... 6,567
373 Corning, Inc. (D)................................. 8,851
76 Ctrip.com International Ltd. ..................... 5,375
40 Electronic Arts, Inc. (D)......................... 2,011
21 Embarq Corp. ..................................... 1,239
608 EMC Corp. (D)..................................... 9,232
58 Fairchild Semiconductor International, Inc. (D)... 1,014
50 First Data Corp. ................................. 1,620
180 Flextronics International Ltd. (D)................ 2,001
324 Fossil, Inc. (D)(G)............................... 9,119
131 Garmin Ltd. (G)................................... 7,639
77 General Electric Co. ............................. 2,846
14 Google, Inc. (D).................................. 6,611
8 Hologic, Inc. (D)................................. 463
107 Infineon Technologies AG (A)(D)................... 1,661
102 Intel Corp. ...................................... 2,193
203 Interactive Data Corp. ........................... 5,822
29 International Business Machines Corp. ............ 2,974
81 Koninklijke Philips Electronics N.V. (A).......... 3,311
48 Medtronic, Inc. .................................. 2,551
23 MEMC Electronic Materials, Inc. (D)............... 1,259
106 Microsoft Corp. .................................. 3,159
131 Mitsubishi Electric Corp. (A)..................... 1,270
23 NCR Corp. (D)..................................... 1,159
288 Network Appliance, Inc. (D)....................... 10,705
103 Nokia Oyj (A)(D).................................. 2,593
112 Nortel Networks Corp. (D)......................... 2,561
393 Oracle Corp. (D).................................. 7,383
44 Orascom Telecom Holding SAE ADR................... 2,975
135 Powerwave Technologies, Inc. (D).................. 840
75 QLogic Corp. (D).................................. 1,345
97 Qualcomm, Inc. ................................... 4,240
11 Raytheon Co. ..................................... 568
71 Research In Motion Ltd. (D)....................... 9,342
50 S.O.I. Tec S.A. (A)(D)(G)......................... 1,172
88 Seagate Technology................................ 1,943
59 Solar Cayman Ltd. (A)(D)(H)....................... 878
469 Sonus Networks, Inc. (D).......................... 3,628
52 Sony Corp. (A).................................... 2,755
243 Sprint Nextel Corp. .............................. 4,877
145 Symantec Corp. (D)................................ 2,552
25 Tektronix, Inc. .................................. 744
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
TECHNOLOGY -- (CONTINUED)
115 Tele Norte Leste Participacoes S.A. ADR........... $ 1,878
88 Telefonaktiebolaget LM Ericsson ADR............... 3,345
39 Texas Instruments, Inc. .......................... 1,334
106 Turkcell Iletisim Hizmetleri A.S. ADR............. 1,498
204 VeriFone Holdings, Inc. (D)....................... 7,189
62 Virgin Media, Inc. ............................... 1,557
--------
199,946
--------
TRANSPORTATION -- 2.5%
190 All America Latina Logistica S.A. ................ 2,244
15 American Commercial Lines, Inc. (D)............... 434
733 Cathay Pacific Airways Ltd. (A)................... 1,895
80 General Dynamics Corp. ........................... 6,281
60 Grupo Aeroportuario Del ADR (D)................... 1,760
101 Knight Transportation, Inc. (G)................... 1,973
37 U.S. Airways Group, Inc. (D)...................... 1,382
112 UAL Corp. (D)(G).................................. 3,734
--------
19,703
--------
UTILITIES -- 1.6%
227 Calpine Corp. (D)................................. 816
1 E.On AG (A)....................................... 75
29 Electricite de France (A)(D)(G)................... 2,522
34 Exelon Corp. ..................................... 2,528
149 Suntech Power Holdings Co., Ltd. ADR (D)(G)....... 5,409
14 Veolia Environment S.A. (A)(G).................... 1,183
--------
12,533
--------
Total common stock
(cost $662,536)................................. $726,884
--------
WARRANTS -- 0.0%
SERVICES -- 0.0%
188 Thorium Power (A)(H).............................. $ --
--------
Total warrants
(cost $16)...................................... $ --
--------
Total long-term investments
(cost $662,552)................................. $726,884
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 11.8%
REPURCHASE AGREEMENTS -- 5.4%
$13,899 Banc of America TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 13,899
5,148 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 5,148
162 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 162
</Table>
The accompanying notes are an integral part of these financial statements.
122
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
SHORT-TERM INVESTMENTS -- (CONTINUED)
REPURCHASE AGREEMENTS -- (CONTINUED)
$ 6,898 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 6,898
15,753 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 15,753
--------
41,860
--------
<Caption>
SHARES
- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 6.4%
CASH COLLATERAL REINVESTMENT FUND:
49,962 BNY Institutional Cash Reserve Fund............... $ 49,962
--------
Total short-term investments
(cost $91,822).................................. $ 91,822
--------
Total investments in securities
(cost $754,374) (C)............................. $818,706
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 29.13% of total net assets at April 30, 2007.
(A)The aggregate value of securities valued in good faith at fair value
by, or under the direction of, the Funds' Board of Directors at April 30,
2007, was $112,347, which represents 14.45% of total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $756,211 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation......................... $69,342
Unrealized depreciation......................... (6,847)
-------
Net unrealized appreciation..................... $62,495
=======
</Table>
(D)Currently non-income producing.
(G)Security is partially on loan at April 30, 2007.
(H)The following securities are considered illiquid. Illiquid securities
are often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD
ACQUIRED SHARES/PAR SECURITY COST BASIS
-------- ---------- -------- ----------
05/2005-04/2006 56 Royal Numico N.V. $2,102
03/2007 59 Solar Cayman Ltd. 878
04/2006 188 Thorium Power 16
</Table>
The aggregate value of these securities at April 30, 2007 was
$3,963, which represents 0.51% of total net assets.
(I)Securities issued within terms of a private placement
memorandum, exempt from registration under Section 144A of the Securities
Act of 1933, as amended, and may be sold only to qualified institutional
buyers. Pursuant to guidelines adopted by the Board of Directors, these
issues are determined to be liquid. The aggregate value of these securities
at April 30, 2007, was $1,660, which represents 0.21% of total net assets.
(K) Securities contain some restrictions as to public resale. These
securities comply with Regulation S, rules governing offers and sales made
outside the United States without registration under the Securities Act of
1933, and are determined to be liquid. At April 30, 2007, the market value
of these securities amounted to $3,936 or 0.51% of total net assets.
+ Securities listed in more than one exchange.
# This security, or a portion of this security, has been segregated to
cover funding requirements on investment transactions settling in the
future.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
FORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
MARKET CONTRACT DELIVERY APPRECIATION
DESCRIPTION TRANSACTION VALUE AMOUNT DATE (DEPRECIATION)
- ----------- ----------- ------ -------- ---------- --------------
British Pound Buy $ 48 $ 48 05/01/2007 $ --
British Pound Sell 187 187 05/02/2007 --
Canadian Dollar Buy 4 4 05/01/2007 --
Canadian Dollar Buy 50 50 05/03/2007 --
Euro Buy 2,037 2,030 05/02/2007 7
Euro Buy 386 386 05/03/2007 --
Euro Buy 181 181 05/04/2007 --
Hong Kong Dollars Sell 120 120 05/02/2007 --
Japanese Yen Buy 9 9 05/01/2007 --
Japanese Yen Buy 166 166 05/02/2007 --
Norwegian Krone Buy 14 14 05/02/2007 --
Norwegian Krone Buy 7 7 05/03/2007 --
------
$ 7
======
</Table>
The accompanying notes are an integral part of these financial statements.
123
THE HARTFORD CONSERVATIVE ALLOCATION FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
AFFILIATED INVESTMENT COMPANIES -- 99.5%
EQUITY FUNDS -- 38.8%
527 Hartford Capital Appreciation Fund, Class Y....... $ 22,111
466 Hartford Disciplined Equity Fund, Class Y......... 6,898
1,047 Hartford Equity Income Fund, Class Y.............. 15,470
319 Hartford Global Leaders Fund, Class Y............. 6,708
210 Hartford International Opportunities Fund, Class
Y............................................... 3,878
139 Hartford International Small Company Fund, Class
Y............................................... 2,335
396 Hartford Select SmallCap Value Fund, Class Y...... 4,693
218 Hartford Small Company Fund, Class Y.............. 5,175
--------
Total equity funds
(cost $61,451).................................. $ 67,268
--------
FIXED INCOME FUNDS -- 60.7%
1,165 Hartford Floating Rate Fund, Class Y.............. $ 11,808
1,978 Hartford Income Fund, Class Y..................... 20,550
1,583 Hartford Inflation Plus Fund, Class Y............. 16,716
2,822 Hartford Short Duration Fund, Class Y............. 27,907
2,615 Hartford Total Return Bond Fund, Class Y.......... 28,167
--------
Total fixed income funds
(cost $105,142)................................. $105,148
--------
Total investments in affiliated investment
companies
(cost $166,593) (C)............................. $172,416
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $166,900 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation.......................... $5,739
Unrealized depreciation.......................... (223)
------
Net unrealized appreciation...................... $5,516
======
</Table>
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
124
THE HARTFORD DISCIPLINED EQUITY FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 99.7%
BASIC MATERIALS -- 4.1%
50 Freeport-McMoRan Copper & Gold, Inc. ............. $ 3,324
52 Goodyear Tire & Rubber Co. (D).................... 1,713
95 Kimberly-Clark Corp. ............................. 6,761
40 Lyondell Chemical Co. ............................ 1,254
14 OfficeMax, Inc. .................................. 669
--------
13,721
--------
CAPITAL GOODS -- 5.1%
79 Hasbro, Inc. ..................................... 2,500
155 Lam Research Corp. (D)............................ 8,341
56 Parker-Hannifin Corp. ............................ 5,178
21 Terex Corp. (D)................................... 1,643
--------
17,662
--------
CONSUMER CYCLICAL -- 8.9%
128 Altria Group, Inc. ............................... 8,801
19 Avnet, Inc. (D)................................... 769
63 Coach, Inc. (D)(U)................................ 3,096
55 Dillard's, Inc.................................... 1,894
55 Jones Apparel Group, Inc. ........................ 1,846
105 Kohl's Corp. (D).................................. 7,737
45 Mattel, Inc. ..................................... 1,271
39 Newell Rubbermaid, Inc. .......................... 1,181
103 Safeway, Inc. .................................... 3,739
24 TJX Cos., Inc. ................................... 681
--------
31,015
--------
CONSUMER STAPLES -- 2.0%
88 Kraft Foods, Inc. ................................ 2,958
60 Reynolds American, Inc. (G)....................... 3,843
--------
6,801
--------
ENERGY -- 11.1%
111 Chevron Corp. .................................... 8,611
150 ConocoPhillips Holding Co. ....................... 10,389
85 Exxon Mobil Corp. ................................ 6,708
7 Marathon Oil Corp. ............................... 680
164 Occidental Petroleum Corp. (U).................... 8,325
56 Valero Energy Corp. .............................. 3,898
--------
38,611
--------
FINANCE -- 25.6%
119 ACE Ltd. ......................................... 7,064
124 Assurant, Inc. ................................... 7,134
69 Axis Capital Holdings Ltd. ....................... 2,552
235 Bank of America Corp. ............................ 11,967
250 Citigroup, Inc. .................................. 13,386
15 Comerica, Inc. ................................... 910
71 Countrywide Financial Corp. (G)(U)................ 2,614
12 Everest Re Group Ltd. ............................ 1,228
18 Federal Home Loan Mortgage Corp. ................. 1,192
41 Goldman Sachs Group, Inc. (G)..................... 8,985
86 Lehman Brothers Holdings, Inc. ................... 6,444
19 MBIA, Inc. (G).................................... 1,315
62 Medco Health Solutions, Inc. (D).................. 4,829
32 Merrill Lynch & Co., Inc.......................... 2,878
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
FINANCE -- (CONTINUED)
19 Metlife, Inc. .................................... $ 1,242
21 PNC Financial Services Group, Inc. ............... 1,534
17 Ryder System, Inc. ............................... 900
46 Travelers Co., Inc. (U)........................... 2,472
78 UnitedHealth Group, Inc. ......................... 4,133
79 US Bancorp........................................ 2,721
161 Western Union Co. ................................ 3,391
--------
88,891
--------
HEALTH CARE -- 12.3%
17 Abbott Laboratories............................... 948
79 Amylin Pharmaceuticals, Inc. (D)(G)............... 3,282
14 Barr Pharmaceuticals, Inc. (D).................... 667
287 Bristol-Myers Squibb Co. ......................... 8,283
42 Cephalon, Inc. (D)................................ 3,336
29 Coventry Health Care, Inc. (D).................... 1,677
55 Eli Lilly & Co. .................................. 3,276
81 Forest Laboratories, Inc. (D)(G).................. 4,294
17 Gilead Sciences, Inc. (D)......................... 1,422
128 McKesson Corp. ................................... 7,542
253 Schering-Plough Corp. ............................ 8,027
--------
42,754
--------
SERVICES -- 5.2%
77 Accenture Ltd. Class A............................ 2,999
8 Alliance Data Systems Corp. (D)(G)................ 497
85 EchoStar Communications Corp. Class A (D)......... 3,932
30 Manpower, Inc. (U)................................ 2,383
57 McGraw-Hill Cos., Inc............................. 3,742
22 Omnicom Group, Inc. (G)........................... 2,262
80 Unisys Corp. (D).................................. 629
34 Walt Disney Co. .................................. 1,203
11 Waste Management, Inc. ........................... 392
--------
18,039
--------
TECHNOLOGY -- 22.7%
68 Apple, Inc. (D)................................... 6,756
291 AT&T, Inc. ....................................... 11,284
25 BMC Software, Inc. (D)............................ 793
31 CenturyTel, Inc. (G).............................. 1,423
54 Cisco Systems, Inc. (D)........................... 1,443
28 Danaher Corp. (G)................................. 2,008
109 Dover Corp. ...................................... 5,260
18 Embarq Corp. ..................................... 1,057
55 First Data Corp. ................................. 1,792
100 General Electric Co. ............................. 3,701
239 Hewlett-Packard Co. .............................. 10,071
40 IAC/Interactive Corp. (D)......................... 1,525
50 International Business Machines Corp. ............ 5,059
8 L-3 Communications Holdings, Inc. ................ 701
77 Lockheed Martin Corp. ............................ 7,422
28 MEMC Electronic Materials, Inc. (D)(U)............ 1,526
15 MetroPCS Communications, Inc. (D)................. 413
286 Oracle Corp. (D).................................. 5,375
139 Qwest Communications International, Inc.
(D)(G)(U)....................................... 1,232
12 Research In Motion Ltd. (D)(G).................... 1,632
</Table>
The accompanying notes are an integral part of these financial statements.
125
THE HARTFORD DISCIPLINED EQUITY FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
TECHNOLOGY -- (CONTINUED)
196 Symantec Corp. (D)(G)............................. $ 3,453
12 Telephone and Data Systems, Inc. ................. 654
39 Whirlpool Corp.................................... 4,124
--------
78,704
--------
TRANSPORTATION -- 0.2%
10 General Dynamics Corp. ........................... 816
--------
UTILITIES -- 2.5%
9 Constellation Energy Group, Inc. ................. 838
15 Entergy Corp. .................................... 1,742
31 FirstEnergy Corp. (G)............................. 2,142
17 NRG Energy, Inc. (D)(G)........................... 1,327
43 TXU Corp. ........................................ 2,794
--------
8,843
--------
Total common stock
(cost $286,543)................................. $345,857
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 7.4%
REPURCHASE AGREEMENTS -- 0.1%
$ 40 Banc of America Securities TriParty Joint
Repurchase Agreement,
5.24%, 05/01/2007............................... $ 40
15 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 15
-- Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... --
20 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 20
46 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 46
--------
121
--------
<Caption>
SHARES
- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 7.3%
CASH COLLATERAL REINVESTMENT FUND:
25,405 BNY Institutional Cash Reserve Fund............... 25,405
--------
Total short-term investments
(cost $25,526).................................. $ 25,526
--------
Total investments in securities
(cost $312,069) (C)............................. $371,383
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 0.47% of total net assets at April 30, 2007.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $312,579 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation......................... $59,642
Unrealized depreciation......................... (838)
-------
Net unrealized appreciation..................... $58,804
=======
</Table>
(D)Currently non-income producing.
(G) Security is partially on loan at April 30, 2007.
At April 30, 2007, cash valued at $729 was designated to cover
open put options written as follows (see Note 2 to the accompanying Notes
to Financial Statements):
<Table>
<Caption>
NUMBER OF EXERCISE EXPIRATION MARKET PREMIUMS
ISSUER CONTRACTS* PRICE DATE VALUE (W) RECEIVED
------ ---------- -------- ---------- --------- --------
Countrywide Financial
Corp. 65 $30.00 May 2007 $1 $ 8
Dillard's, Inc. 102 30.00 May 2007 1 7
McGraw-Hill Cos.,
Inc. 77 60.00 May 2007 1 7
Merrill Lynch & Co.,
Inc. 47 80.00 May 2007 -- 4
Symantec Corp. 2 15.00 May 2007 -- --
Whirlpool Corp. 58 80.00 May 2007 -- 4
-- ---
Total Value $3 $30
== ===
</Table>
* The number of contracts does not omit 000's.
(U)At April 30, 2007, securities valued at $4,500 were designated to
cover open call options written as follows (see Note 2 to accompanying
Notes to Financial Statements):
<Table>
<Caption>
NUMBER OF EXERCISE EXPIRATION MARKET PREMIUMS
ISSUER CONTRACTS* PRICE DATE VALUE (W) RECEIVED
------ ---------- -------- ---------- --------- --------
Coach, Inc. 102 $55.00 May 2007 $ 1 $ 7
Countrywide Financial
Corp. 65 40.00 May 2007 3 5
Countrywide Financial
Corp. 65 37.50 May 2007 7 4
Manpower, Inc. 69 80.00 May 2007 15 5
MEMC Electronic
Materials, Inc. 44 70.00 May 2007 1 6
Occidental Petroleum
Corp. 119 55.00 May 2007 2 7
Qwest Communications
International, Inc. 163 10.00 May 2007 2 3
Travelers Co., Inc. 95 55.00 May 2007 4 5
--- ---
Total Value $35 $42
=== ===
</Table>
* The number of contracts does not omit 000's.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
126
THE HARTFORD DIVIDEND AND GROWTH FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ----------
COMMON STOCK -- 97.1%
BASIC MATERIALS -- 7.7%
1,572 Alcoa, Inc. ...................................... $ 55,794
213 Bowater, Inc. (G)................................. 4,652
537 Companhia Vale do Rio Doce ADR.................... 21,789
1,320 E.I. DuPont de Nemours & Co. ..................... 64,898
796 International Paper Co. (G)....................... 30,036
610 Kimberly-Clark Corp. ............................. 43,378
369 Newmont Mining Corp. ............................. 15,367
516 Pentair, Inc. .................................... 16,568
2,612 Rhodia S.A. (D)................................... 10,685
53 Rio Tinto plc ADR................................. 12,810
366 Rohm & Haas Co. .................................. 18,733
----------
294,710
----------
CAPITAL GOODS -- 4.7%
279 3M Co. ........................................... 23,052
181 Caterpillar, Inc. ................................ 13,173
594 Deere & Co. ...................................... 64,951
275 Parker-Hannifin Corp. ............................ 25,292
557 Pitney Bowes, Inc. ............................... 26,741
1,549 Xerox Corp. (D)................................... 28,664
----------
181,873
----------
CONSUMER CYCLICAL -- 7.9%
690 Altria Group, Inc. ............................... 47,548
508 Avery Dennison Corp. ............................. 31,573
445 Home Depot, Inc. (G).............................. 16,841
550 Honda Motor Co., Ltd. ADR......................... 18,926
1,000 McDonald's Corp. (G).............................. 48,270
336 Nike, Inc. Class B................................ 18,086
694 Staples, Inc. .................................... 17,201
1,004 Sysco Corp. (G)................................... 32,865
1,575 Wal-Mart Stores, Inc. ............................ 75,479
----------
306,789
----------
CONSUMER STAPLES -- 6.6%
340 Bunge Ltd. Finance Corp. (G)...................... 25,781
605 Coca-Cola Co. .................................... 31,596
517 Kraft Foods, Inc. ................................ 17,318
377 Nestle S.A. ADR................................... 37,495
546 PepsiCo, Inc. .................................... 36,065
610 Procter & Gamble Co. ............................. 39,224
1,314 Tyson Foods, Inc. Class A (G)..................... 27,550
472 Unilever N.V. NY Shares (G)....................... 14,399
367 Weyerhaeuser Co. (G).............................. 29,066
----------
258,494
----------
ENERGY -- 15.6%
501 Anadarko Petroleum Corp. (G)...................... 23,358
1,653 Chevron Corp. .................................... 128,618
931 ConocoPhillips Holding Co. ....................... 64,593
900 EnCana Corp. ..................................... 47,216
1,713 Exxon Mobil Corp. ................................ 135,979
621 Royal Dutch Shell plc (G)......................... 43,039
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ----------
ENERGY -- (CONTINUED)
409 Schlumberger Ltd. (G)............................. $ 30,196
1,271 Total S.A. ADR (G)................................ 93,689
761 XTO Energy, Inc. ................................. 41,305
----------
607,993
----------
FINANCE -- 16.2%
560 ACE Ltd. ......................................... 33,321
704 Allstate Corp. ................................... 43,861
801 American International Group, Inc. ............... 56,019
2,127 Bank of America Corp. ............................ 108,256
1,976 Citigroup, Inc. .................................. 105,932
470 Federal Home Loan Mortgage Corp. (G).............. 30,421
479 MBIA, Inc. (G).................................... 33,337
307 Merrill Lynch & Co., Inc. ........................ 27,701
347 Metlife, Inc. .................................... 22,778
254 PNC Financial Services Group, Inc. ............... 18,814
258 Prudential Financial, Inc. ....................... 24,500
635 State Street Corp. (G)............................ 43,739
695 Synovus Financial Corp. .......................... 21,931
926 UBS AG............................................ 60,071
----------
630,681
----------
HEALTH CARE -- 10.0%
1,336 Abbott Laboratories............................... 75,650
483 AstraZeneca plc ADR............................... 26,248
1,604 Bristol-Myers Squibb Co. (G)...................... 46,286
1,446 Eli Lilly & Co. .................................. 85,514
626 Sanofi-Aventis S.A. ADR (G)....................... 28,699
2,627 Schering-Plough Corp. ............................ 83,348
494 Teva Pharmaceutical Industries Ltd. ADR (G)....... 18,933
426 Wyeth............................................. 23,648
----------
388,326
----------
SERVICES -- 7.0%
784 Accenture Ltd. Class A............................ 30,643
518 Automatic Data Processing, Inc. .................. 23,177
129 Broadridge Financial Solutions (D)................ 2,594
843 CBS Corp. Class B................................. 26,796
1,356 Comcast Corp. Class A (D)(G)...................... 36,139
722 Comcast Corp. Special Class A (D)................. 19,050
635 New York Times Co. Class A (G).................... 14,864
1,081 Time Warner, Inc. ................................ 22,295
414 United Parcel Service, Inc. Class B............... 29,137
615 Viacom, Inc. Class B (D).......................... 25,375
1,164 Waste Management, Inc. (G)........................ 43,542
----------
273,612
----------
TECHNOLOGY -- 15.5%
4,045 AT&T, Inc. (G).................................... 156,618
1,931 EMC Corp. (D)..................................... 29,311
2,952 General Electric Co. ............................. 108,814
887 International Business Machines Corp. ............ 90,681
286 Lockheed Martin Corp. ............................ 27,458
1,016 Maxim Integrated Products, Inc. .................. 32,234
1,015 Medtronic, Inc. (G)............................... 53,735
1,414 Microsoft Corp. .................................. 42,326
</Table>
The accompanying notes are an integral part of these financial statements.
127
THE HARTFORD DIVIDEND AND GROWTH FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ----------
COMMON STOCK -- (CONTINUED)
TECHNOLOGY -- (CONTINUED)
1,043 Verizon Communications, Inc. ..................... $ 39,838
200 Whirlpool Corp. (G)............................... 21,153
----------
602,168
----------
TRANSPORTATION -- 0.5%
1,392 Southwest Airlines Co. (G)........................ 19,978
----------
UTILITIES -- 5.4%
540 Dominion Resources, Inc. ......................... 49,248
1,041 Exelon Corp. (G).................................. 78,500
779 FPL Group, Inc. .................................. 50,125
298 Progress Energy, Inc. (G)......................... 15,074
208 Veolia Environment ADR (G)........................ 17,182
----------
210,129
----------
Total common stock
(cost $2,905,317)............................... $3,774,753
----------
PRINCIPAL
AMOUNT
- --------
SHORT-TERM INVESTMENTS -- 16.7%
REPURCHASE AGREEMENTS -- 3.1%
$ 39,277 Banc of America TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 39,277
14,547 BNP Paribas TriParty Joint Repurchase Agreement,
5.23%, 05/01/2007............................... 14,547
458 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 458
19,493 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 19,493
44,514 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 44,515
----------
$ 118,290
----------
MARKET
SHARES VALUE (W)
- -------- ----------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 13.6%
CASH COLLATERAL REINVESTMENT FUND:
529,478 BNY Institutional Cash Reserve Fund............... $ 529,478
----------
Total short-term investments
(cost $647,768)................................. $ 647,768
----------
Total investments in securities
(cost $3,553,085) (C)........................... $4,422,521
==========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 12.38% of total net assets at April 30, 2007.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $3,556,272 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................ $885,892
Unrealized depreciation........................ (19,643)
--------
Net unrealized appreciation.................... $866,249
========
</Table>
(D) Currently non-income producing.
(G) Security is partially on loan at April 30, 2007.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
The accompanying notes are an integral part of these financial statements.
128
THE HARTFORD EQUITY GROWTH ALLOCATION FUND (FORMERLY THE HARTFORD AGGRESSIVE
GROWTH ALLOCATION FUND)
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
AFFILIATED INVESTMENT COMPANIES -- 100.0%
EQUITY FUNDS -- 100.0%
1,421 Hartford Capital Appreciation Fund, Class Y....... $ 59,602
1,458 Hartford Disciplined Equity Fund, Class Y......... 21,588
821 Hartford Equity Income Fund, Class Y.............. 12,133
866 Hartford Global Leaders Fund, Class Y............. 18,205
517 Hartford Growth Opportunities Fund, Class Y....... 16,549
848 Hartford International Opportunities Fund, Class
Y............................................... 15,631
952 Hartford International Small Company Fund, Class
Y............................................... 15,989
354 Hartford Select MidCap Value Fund, Class Y........ 4,741
1,499 Hartford Select SmallCap Value Fund, Class Y...... 17,749
925 Hartford Small Company Fund, Class Y.............. 21,957
3,665 Hartford Value Fund, Class Y...................... 48,741
--------
Total investments in affiliated investment
companies
(cost $228,676) (C)............................. $252,885
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $228,678 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation......................... $24,207
Unrealized depreciation......................... --
-------
Net unrealized appreciation..................... $24,207
=======
</Table>
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
129
THE HARTFORD EQUITY INCOME FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 97.5%
BASIC MATERIALS -- 7.9%
140 Air Products and Chemicals, Inc. ................. $ 10,687
276 Alcoa, Inc. ...................................... 9,798
431 Dow Chemical Co. ................................. 19,219
210 E.I. DuPont de Nemours & Co. ..................... 10,320
89 International Paper Co. .......................... 3,338
163 Kimberly-Clark Corp. ............................. 11,610
110 PPG Industries, Inc. ............................. 8,111
--------
73,083
--------
CAPITAL GOODS -- 6.9%
103 3M Co. ........................................... 8,525
275 American Standard Cos., Inc. ..................... 15,142
120 Deere & Co. ...................................... 13,084
176 Goodrich Corp. ................................... 9,975
348 Pitney Bowes, Inc. ............................... 16,694
--------
63,420
--------
CONSUMER CYCLICAL -- 2.5%
332 Altria Group, Inc. ............................... 22,902
--------
CONSUMER STAPLES -- 7.1%
134 Campbell Soup Co. (G)............................. 5,239
129 Colgate-Palmolive Co. ............................ 8,718
92 Diageo plc ADR.................................... 7,756
205 General Mills, Inc. .............................. 12,281
239 Kellogg Co. ...................................... 12,649
230 Kraft Foods, Inc. ................................ 7,697
167 PepsiCo, Inc. .................................... 11,037
--------
65,377
--------
ENERGY -- 11.1%
465 Chevron Corp. .................................... 36,157
301 ConocoPhillips Holding Co. ....................... 20,865
510 Exxon Mobil Corp. ................................ 40,485
89 Royal Dutch Shell plc ADR (G)..................... 6,309
--------
103,816
--------
FINANCE -- 28.7%
168 ACE Ltd. ......................................... 10,002
186 Allstate Corp. ................................... 11,567
790 Bank of America Corp. ............................ 40,233
235 Bank of New York Co., Inc. ....................... 9,513
286 Chubb Corp. ...................................... 15,393
697 Citigroup, Inc. .................................. 37,379
586 Host Hotels & Resorts, Inc. ...................... 15,020
484 JP Morgan Chase & Co. ............................ 25,211
198 Lloyd's TSB Group plc ADR (G)..................... 9,221
249 PNC Financial Services Group, Inc. ............... 18,438
89 SunTrust Banks, Inc. ............................. 7,478
760 US Bancorp (G).................................... 26,112
387 UBS AG............................................ 25,102
133 Wachovia Corp. ................................... 7,374
233 Wells Fargo & Co. ................................ 8,380
--------
266,423
--------
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
HEALTH CARE -- 8.4%
232 Abbott Laboratories............................... $ 13,136
253 Baxter International, Inc. ....................... 14,325
307 Bristol-Myers Squibb Co. ......................... 8,857
150 Eli Lilly & Co. .................................. 8,870
160 GlaxoSmithKline plc ADR........................... 9,251
423 Wyeth............................................. 23,453
--------
77,892
--------
SERVICES -- 1.9%
16 Gannett Co., Inc. ................................ 884
198 R.R. Donnelley & Sons Co. ........................ 7,968
235 Waste Management, Inc. ........................... 8,776
--------
17,628
--------
TECHNOLOGY -- 12.1%
1,157 AT&T, Inc. ....................................... 44,783
215 Chunghwa Telecom Co., Ltd. ADR.................... 4,269
968 General Electric Co. ............................. 35,673
305 Nokia Corp. (D)(G)................................ 7,689
502 Verizon Communications, Inc. (G).................. 19,161
--------
111,575
--------
UTILITIES -- 10.9%
213 American Electric Power Co., Inc. ................ 10,677
173 Consolidated Edison, Inc. (G)..................... 8,847
124 Dominion Resources, Inc. ......................... 11,327
98 Entergy Corp. .................................... 11,065
218 Exelon Corp. ..................................... 16,417
415 FPL Group, Inc. .................................. 26,703
57 PPL Corp. ........................................ 2,473
138 SCANA Corp. ...................................... 5,986
193 Southern Co. (G).................................. 7,297
--------
100,792
--------
Total common stock
(cost $755,752)................................. $902,908
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 6.8%
REPURCHASE AGREEMENTS -- 1.3%
$ 4,129 Banc of America TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 4,129
1,529 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 1,529
48 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 48
</Table>
The accompanying notes are an integral part of these financial statements.
130
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
SHORT-TERM INVESTMENTS -- (CONTINUED)
REPURCHASE AGREEMENTS -- (CONTINUED)
$ 2,049 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 2,049
4,680 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 4,680
--------
12,435
--------
<Caption>
SHARES
- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 5.5%
CASH COLLATERAL REINVESTMENT FUND:
50,533 BNY Institutional Cash Reserve Fund............... 50,533
--------
Total short-term investments
(cost $62,968).................................. $ 62,968
--------
Total investments in securities
(cost $818,720) (C)............................. $965,876
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 7.52% of total net assets at April 30, 2007.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $818,832 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................ $147,280
Unrealized depreciation........................ (236)
--------
Net unrealized appreciation.................... $147,044
========
</Table>
(D)Currently non-income producing.
(G)Security is partially on loan at April 30, 2007.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
131
THE HARTFORD FLOATING RATE FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -- 1.1%
FINANCE -- 1.1%
$ 2,600 Bayview Financial Acquisition Trust,
7.47%, 05/28/2037 (L)........................... $ 2,600
2,000 CS First Boston Mortgage Securities Corp.,
7.02%, 11/15/2019 #(I)(L)....................... 1,908
1,800 CS First Boston Mortgage Securities Corp.,
7.27%, 11/15/2019 (H)(L)........................ 1,681
30,513 Goldman Sachs Mortgage Securities Corp.,
6.82%, 02/01/2008 (J)(L)........................ 30,513
5,000 HELIOS Asset Backed Security,
7.67%, 05/08/2012 (Q)........................... 5,000
659 Lehman Brothers Commercial Mortgage Trust,
6.97%, 07/15/2018 #(I)(L)....................... 656
4,453 Structured Asset Securities Corp.,
7.82%, 02/25/2037 (L)........................... 4,372
4,363 Wells Fargo Home Equity Trust,
7.57%, 03/25/2037 (L)........................... 4,171
----------
Total asset & commercial
mortgage backed securities
(cost $51,089).................................. $ 50,901
----------
CORPORATE BONDS: INVESTMENT GRADE -- 0.3%
SERVICES -- 0.2%
2,500 Service Corp. International Series A,
7.37%, 11/28/2011 #(J)(L)....................... $ 2,500
8,000 Service Corp. International Series B,
7.37%, 11/28/2011 #(J)(L)....................... 8,000
----------
10,500
----------
TECHNOLOGY -- 0.1%
4,000 Rogers Wireless, Inc.,
8.48%, 12/15/2010 #(L).......................... 4,080
----------
Total corporate bonds: investment grade
(cost $14,565).................................. $ 14,580
----------
CORPORATE BONDS: NON-INVESTMENT GRADE -- 7.8%
BASIC MATERIALS -- 2.4%
14,000 Abitibi-Consolidated, Inc.,
8.85%, 06/15/2011 #(L).......................... $ 13,720
5,000 Berry Plastics Holding Co.,
9.23%, 09/15/2014 #(L).......................... 5,113
575 Boise Cascade LLC,
8.23%, 10/15/2012 #(L).......................... 575
12,000 Bowater, Inc.,
8.35%, 03/15/2010 #(L).......................... 12,060
1,000 Equistar Chemicals L.P.,
8.75%, 02/15/2009 #............................. 1,044
1,000 Equistar Chemicals L.P.,
10.63%, 05/01/2011 #............................ 1,055
6,650 Freeport-McMoRan Copper & Gold, Inc.,
8.56%, 04/01/2015 #(L).......................... 7,016
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
BASIC MATERIALS -- (CONTINUED)
$ 5,500 Graphic Packing International,
8.50%, 08/15/2011 #............................. $ 5,704
9,055 Lyondell Chemical Co.,
11.13%, 07/15/2012 #............................ 9,644
8,700 Nalco Co.,
7.75%, 11/15/2011 #............................. 8,961
7,750 Norske Skog Canada Ltd.,
8.63%, 06/15/2011 #............................. 7,857
14,195 Nova Chemicals Corp.,
8.50%, 11/15/2013 #(L).......................... 14,443
1,035 Owens-Brockway Glass Container, Inc.,
8.75%, 11/15/2012 #............................. 1,091
5,220 Playtex Products, Inc.,
9.38%, 06/01/2011 #............................. 5,390
4,000 United States Steel Corp.,
9.75%, 05/15/2010 #............................. 4,200
3,000 Verso Paper Holdings LLC,
9.11%, 08/01/2014 #(I)(L)....................... 3,090
----------
100,963
----------
CAPITAL GOODS -- 0.1%
4,000 ESCO Corp.,
9.23%, 12/15/2013 #(I)(L)....................... 4,140
2,000 K2, Inc.,
7.38%, 07/01/2014 #............................. 2,110
----------
6,250
----------
CONSUMER CYCLICAL -- 0.9%
12,415 Aramark Corp.,
8.86%, 02/01/2015 #(I)(L)....................... 12,756
7,115 AutoNation, Inc.,
7.36%, 04/15/2013 #(L).......................... 7,177
10,550 Builders FirstSource, Inc.,
9.61%, 02/15/2012 #(L).......................... 10,721
2,000 GSC Holdings Corp.,
9.22%, 10/01/2011 #(L).......................... 2,073
3,000 K. Hovnanian Enterprises, Inc.,
8.88%, 04/01/2012 #............................. 2,940
5,990 Stater Brothers Holdings, Inc.,
8.85%, 06/15/2010 #(L).......................... 6,057
----------
41,724
----------
CONSUMER STAPLES -- 0.5%
5,000 Appleton Papers, Inc.,
8.13%, 06/15/2011 #............................. 5,194
4,001 Land O'Lakes, Inc.,
8.75%, 11/15/2011 #............................. 4,161
5,395 Nutro Products, Inc.,
9.37%, 10/15/2013 #(I)(L)....................... 5,516
5,900 Pilgrim's Pride Corp.,
9.63%, 09/15/2011 #............................. 6,151
----------
21,022
----------
</Table>
The accompanying notes are an integral part of these financial statements.
132
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
CORPORATE BONDS: NON-INVESTMENT GRADE -- (CONTINUED)
ENERGY -- 0.2%
$ 1,633 Amerigas Partners L.P.,
7.13%, 05/20/2016 #............................. $ 1,653
9,000 Amerigas Partners L.P.,
7.25%, 05/20/2015 #............................. 9,158
----------
10,811
----------
FINANCE -- 0.6%
7,000 Avis Budget Car Rental LLC,
7.86%, 05/15/2014 #(I)(L)....................... 7,193
4,000 Crescent Real Estate Equities Co.,
9.25%, 04/15/2009 #............................. 4,090
5,000 Ford Motor Credit Co.,
8.11%, 01/13/2012 #(L).......................... 4,932
2,000 Ford Motor Credit Co.,
8.36%, 11/02/2007 #(L).......................... 2,019
2,590 Ford Motor Credit Co.,
9.81%, 04/15/2012 #(L).......................... 2,768
4,410 Kar Holdings, Inc.,
9.36%, 05/01/2014 #(I)(L)....................... 4,509
3,155 Snowqualmie Entertainment Authority,
9.15%, 02/01/2014 #(I)(L)....................... 3,222
----------
28,733
----------
SERVICES -- 0.6%
12,500 Cablevision Systems Corp.,
9.82%, 04/01/2009 #(L).......................... 13,250
9,000 DirecTV Holdings LLC,
8.38%, 03/15/2013 #............................. 9,494
1,500 Primedia, Inc.,
10.73%, 05/15/2010 #(L)......................... 1,551
4,700 Unisys Corp.,
7.88%, 04/01/2008 #............................. 4,724
----------
29,019
----------
TECHNOLOGY -- 2.5%
2,140 American Cellular Corp.,
10.00%, 08/01/2011 #............................ 2,260
7,000 Centennial Communications Corp.,
11.10%, 01/01/2013 #(L)......................... 7,359
7,000 Cincinnati Bell, Inc.,
7.25%, 07/15/2013 #............................. 7,280
2,000 Dobson Cellular Systems,
8.38%, 11/01/2011 #............................. 2,133
7,000 Dobson Communications Corp.,
6.09%, 10/15/2012 #(L).......................... 7,210
10,000 Freescale Semiconductor, Inc.,
9.23%, 12/15/2014 #(I)(L)....................... 10,000
10,905 General Cable Corp.,
7.72%, 04/01/2015 #(I)(L)....................... 11,014
4,000 Inmarsat Finance plc,
7.63%, 06/30/2012 #............................. 4,178
11,000 Intelsat Bermuda Ltd.,
8.87%, 01/15/2015 #(L).......................... 11,248
4,000 IPCS, Inc.,
7.48%, 05/01/2013 #(I)(L)....................... 4,020
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
TECHNOLOGY -- (CONTINUED)
$ 9,000 Level 3 Financing, Inc.,
9.11%, 02/15/2015 #(I)(L)....................... $ 9,113
7,000 Nortel Networks Ltd.,
9.61%, 07/15/2011 #(I)(L)....................... 7,490
15,040 NXP B.V./NXP Funding LLC,
8.11%, 10/15/2013 #(I)(L)....................... 15,529
2,900 Qwest Communications International, Inc.,
8.86%, 02/15/2009 #(L).......................... 2,929
2,390 Qwest Corp.,
8.60%, 06/15/2013 #(L).......................... 2,614
6,500 Rural Cellular Corp.,
11.11%, 11/01/2012 #(L)......................... 6,744
----------
111,121
----------
Total corporate bonds: non-investment grade
(cost $346,730)................................. $ 349,643
----------
SENIOR FLOATING RATE INTERESTS: INVESTMENT GRADE (V) -- 0.5%
FINANCE -- 0.5%
20,500 Residential Capital Corp.,
6.07%, 07/28/2008 (N)........................... $ 20,269
----------
Total senior floating rate interests investment
grade
(cost $20,448).................................. $ 20,269
----------
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) -- 90.6%
BASIC MATERIALS -- 11.2%
7,000 Arizona Chemical Co.,
7.36%, 02/27/2013 (N)........................... $ 7,022
3,000 Arizona Chemical Co.,
10.86%, 02/27/2014 (N).......................... 3,030
625 Basell Finance Co., Term Loan B2,
7.57%, 09/15/2013 (N)........................... 629
125 Basell Finance Co., Term Loan B4,
7.57%, 09/15/2013 (N)........................... 126
625 Basell Finance Co., Term Loan B2,
8.32%, 09/15/2013 (N)........................... 629
125 Basell Finance Co., Term Loan B4,
8.32%, 09/15/2013 (N)........................... 126
23,000 Berry Plastics Holding Co.,
7.32%, 04/03/2015 (N)........................... 23,067
4,938 Blount, Inc.,
7.80%, 06/09/2010 #(N).......................... 4,933
1,000 Brenntag Group,
11.87%, 12/22/2012 (N).......................... 1,023
196 Brenntag Group, Acquisition Term,
7.89%, 01/12/2014 (N)........................... 198
804 Brenntag Group, Term Loan B2,
7.89%, 01/12/2014 (N)........................... 813
1,667 Calumet Lubricants Co. L.P.,
8.69%, 12/01/2012 (N)........................... 1,667
1,646 Calumet Lubricants Co. L.P.,
8.84%, 12/01/2012 (N)........................... 1,646
</Table>
The accompanying notes are an integral part of these financial statements.
133
THE HARTFORD FLOATING RATE FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) -- (CONTINUED)
BASIC MATERIALS -- (CONTINUED)
$ 3,696 Celanese U.S. Holdings LLC,
7.07%, 03/30/2014 (N)(Q)........................ $ 3,700
15,304 Celanese U.S. Holdings LLC,
7.10%, 03/30/2014 (N)(Q)........................ 15,376
628 Cenveo, Inc., Delayed Draw Term Loan,
7.10%, 03/16/2014 (N)(Q)........................ 628
2,001 Cenveo, Inc., Term Loan B,
7.10%, 03/16/2014 (N)(Q)........................ 2,003
5,792 Cenveo, Inc., Term Loan C,
7.10%, 03/16/2014 (N)(Q)........................ 5,800
2,676 Coffeyville Resources,
8.25%, 12/21/2010 (AA).......................... 2,700
13,790 Coffeyville Resources,
8.35%, 12/21/2013 (N)........................... 13,916
9,337 Columbian Chemicals Co.,
7.10%, 03/15/2013 (N)(Q)........................ 9,337
4,000 Columbian Chemicals Co.,
7.10%, 03/16/2013 (N)........................... 4,000
9,022 Compass Minerals Group, Inc.,
6.85%, 12/22/2012 (N)........................... 9,027
9,000 Domtar, Inc.,
6.74%, 03/01/2014 (N)........................... 8,980
5,953 Eastman Kodak Co.,
7.57%, 10/19/2012 (N)........................... 5,957
7,787 Eastman Kodak Co.,
7.75%, 10/19/2012 (N)........................... 7,795
7,529 Foamex International, Inc.,
7.60%, 02/08/2013 (N)........................... 7,539
22,257 Freeport-McMoRan Copper & Gold, Inc.,
7.07%, 03/19/2014 (N)........................... 22,323
3,511 Georgia Gulf Corp.,
7.32%, 09/01/2013 (N)........................... 3,525
27,240 Georgia-Pacific Corp., First Lien Term Loan,
7.09%, 02/14/2013 (N)(Q)........................ 27,361
7,149 Georgia-Pacific Corp., Term Loan B2,
7.09%, 02/14/2013 (N)........................... 7,181
15,250 Goodyear Tire & Rubber Co.,
7.10%, 04/18/2014 (N)(Q)........................ 15,307
2,500 Goodyear Tire & Rubber Co.,
7.11%, 04/30/2010 (AA).......................... 2,510
17,000 Graham Packaging Co., Inc.,
7.63%, 04/03/2014 (N)........................... 17,099
1,822 Graphic Packaging Corp.,
7.83%, 08/08/2010 (N)........................... 1,825
23,195 Hexion Specialty Chemicals,
Term Loan C1,
7.88%, 05/15/2013 (N)........................... 23,358
5,040 Hexion Specialty Chemicals,
Term Loan C2,
7.88%, 05/15/2013 (N)........................... 5,075
1,493 Hexion Specialty Chemicals,
Term Loan C4,
7.88%, 05/15/2013 (N)........................... 1,503
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
BASIC MATERIALS -- (CONTINUED)
$ 42,230 Huntsman International LLC,
7.07%, 04/23/2014 (N)(Q)........................ $ 42,362
EUR 500 Ineos Group Holdings plc,
7.77%, 02/01/2013 (N)........................... 695
5,198 Ineos Group,
7.58%, 02/01/2013 (N)........................... 5,254
5,198 Ineos Group,
8.08%, 02/01/2013 (N)........................... 5,249
659 Innophos, Inc.,
7.57%, 08/01/2010 (N)........................... 661
3,588 Intertape Polymer Group, Inc.,
8.05%, 07/28/2011 (N)........................... 3,592
22,666 ISP Chemco, Inc.,
7.13%, 02/16/2013 (N)........................... 22,784
19,000 Jarden Corp., Term Loan,
7.10%, 01/24/2012 (N)........................... 19,020
14,733 Jarden Corp., Term Loan B2,
7.10%, 01/24/2012 (N)........................... 14,739
5,908 Jarden Corp., Term Loan B3,
7.10%, 01/24/2012 (N)(Q)........................ 5,920
18,820 John Maneely Co.,
8.61%, 12/06/2013 (N)........................... 18,834
1,990 Kranson Industries,
7.60%, 07/31/2013 (N)........................... 1,995
10,458 Lyondell Chemical Co.,
6.86%, 08/16/2013 (N)........................... 10,490
6,500 MacDermid, Inc.,
7.32%, 04/11/2014 (N)(Q)........................ 6,508
6,869 Mega Bloks, Inc.,
7.13%, 07/26/2012 (N)........................... 6,856
2,000 MMGS Packaging Acquisition Corp.,
7.60%, 03/08/2014 (N)........................... 2,009
1,000 MMGS Packaging Acquisition Corp.,
10.86%, 03/08/2015 (N).......................... 1,008
1,504 Mueller Group, Inc.,
7.34%, 10/31/2012 (N)........................... 1,511
9,923 Nalco Co.,
7.10%, 11/04/2010 (N)........................... 9,989
2,402 NCI Building Systems, Inc.,
6.82%, 06/18/2010 (N)........................... 2,405
1,462 Novelis, Inc., Canadian Term Loan B,
7.61%, 01/07/2012 (N)........................... 1,462
2,538 Novelis, Inc., US Term Loan B,
7.61%, 01/07/2012 (N)........................... 2,540
985 PQ Corp.,
7.35%, 02/11/2012 (N)........................... 987
438 Smurfit-Stone Container Enterprises, Inc., Deposit
Funded Loan,
7.38%, 11/01/2010 (N)........................... 442
2,014 Smurfit-Stone Container Enterprises, Inc., Term
Loan B,
7.38%, 11/01/2010 (N)........................... 2,030
1,057 Smurfit-Stone Container Enterprises, Inc., Term
Loan C,
7.38%, 11/01/2011 (N)........................... 1,066
</Table>
The accompanying notes are an integral part of these financial statements.
134
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) -- (CONTINUED)
BASIC MATERIALS -- (CONTINUED)
$ 2,365 Smurfit-Stone Container Enterprises, Inc., Term
Loan C1,
7.38%, 11/01/2011 (N)........................... $ 2,384
10,639 Solo Cup Co.,
8.85%, 02/27/2011 (N)........................... 10,792
4,300 Solo Cup Co.,
11.57%, 02/25/2012 (N).......................... 4,391
2,000 Solutia, Inc.,
8.36%, 03/31/2008 (F)(N)........................ 2,019
22,804 Tupperware Corp.,
6.84%, 11/07/2012 (N)........................... 22,786
----------
501,514
----------
CAPITAL GOODS -- 2.6%
5,190 ACCO Brands Corp.,
7.11%, 08/15/2012 (N)........................... 5,212
2,500 Babcock & Wilcox Co.,
8.00%, 02/14/2012 (AA).......................... 2,513
1,500 BE Aerospace, Inc.,
7.13%, 08/22/2012 (N)........................... 1,503
2,286 Bluegrass Container Corp., First Lien Term Loan,
7.59%, 06/29/2013 (N)........................... 2,317
7,639 Bluegrass Container Corp., Term Loan B,
7.59%, 06/29/2013 (N)........................... 7,717
2,788 Bluegrass Container Corp., Second Lien,
10.32%, 06/29/2013 (N).......................... 2,844
8,712 Bluegrass Container Corp., Second Lien Term Loan,
10.32%, 06/29/2013 (N).......................... 8,857
3,366 Dresser, Inc.,
10.00%, 11/01/2013 (N).......................... 3,366
975 Hawker Beechcraft Acquisition Co.,
7.25%, 03/27/2014 (AA)(Q)....................... 979
11,525 Hawker Beechcraft Acquisition Co.,
7.32%, 03/27/2014 (N)(Q)........................ 11,572
694 Invensys International Holdings,
7.35%, 01/15/2011 (N)........................... 700
556 Invensys International Holdings,
7.36%, 12/15/2010 (N)........................... 560
3,148 K & F Industries Holdings, Inc.,
7.32%, 11/18/2012 (N)........................... 3,150
9,000 Macandrews Amg Holdings LLC,
11.07%, 04/17/2012 (N).......................... 9,045
13,925 Nacco Material Handling Group,
7.36%, 03/22/2013 (N)........................... 13,907
2,000 Primus International, Inc.,
7.82%, 06/07/2012 (N)........................... 2,008
3,284 Primus International, Inc., Term Loan B,
7.82%, 06/07/2012 (N)........................... 3,296
1,261 Spirit Aerosystems, Inc.,
7.11%, 09/30/2013 (N)........................... 1,264
3,956 Targus Group International,
8.87%, 11/22/2012 (N)........................... 3,857
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
CAPITAL GOODS -- (CONTINUED)
$ 4,500 Transdigm, Inc.,
7.35%, 06/23/2013 (N)........................... $ 4,525
7,688 Unifrax Corp.,
7.63%, 05/02/2013 (N)........................... 7,714
1,734 Visant Holding Corp.,
7.33%, 10/04/2011 (N)........................... 1,742
3,976 Vought Aircraft Industries, Inc.,
7.83%, 12/22/2011 (N)........................... 4,003
1,982 Wesco Aircraft Hardware Corp.,
7.60%, 09/29/2013 (N)........................... 1,994
10,059 Yankee Candle Co.,
7.35%, 02/06/2014 (N)(Q)........................ 10,103
----------
114,748
----------
CONSUMER CYCLICAL -- 12.1%
6,505 Accuride Corp.,
7.38%, 01/31/2012 (N)........................... 6,527
19,508 AM General LLC,
8.26%, 09/01/2013 (N)........................... 19,459
3,915 American Axle & Manufacturing Holdings, Inc., Term
Loan B,
9.63%, 07/08/2011 (N)........................... 4,008
3,132 American Axle & Manufacturing Holdings, Inc.,
9.63%, 07/08/2011 (N)........................... 3,207
661 American General Finance Corp.,
8.32%, 09/01/2013 (N)........................... 667
1,714 Aramark Corp.,
7.33%, 01/19/2014 (AA)(Q)....................... 1,722
23,978 Aramark Corp.,
7.48%, 01/19/2014 (N)(Q)........................ 24,094
3,180 Armstrong World Industries, Inc.,
7.07%, 10/13/2013 (N)........................... 3,184
3,479 Axletech International,
7.60%, 10/20/2012 (N)........................... 3,505
2,000 Axletech International,
11.85%, 04/20/2013 (N).......................... 2,015
6,500 Brand Energy & Infrastructure Services,
7.63%, 02/08/2014 (N)........................... 6,516
1,493 Building Materials Holdings Corp.,
7.85%, 11/10/2013 (N)........................... 1,491
5,936 Contech Construction Products,
7.32%, 01/31/2013 (N)........................... 5,958
7,149 Custom Building Products,
7.60%, 10/20/2011 (N)........................... 7,140
30,500 Dana Corp.,
7.88%, 03/03/2008 (F)(N)........................ 30,500
6,500 David's Bridal, Inc.,
7.40%, 01/25/2014 (N)........................... 6,459
8,000 Delphi Corp.,
8.13%, 01/18/2008 (F)(N)........................ 8,020
5,940 Dollarama Group L.P.,
7.36%, 11/18/2011 (N)........................... 5,962
19,160 Easton-Bell Sports, Inc.,
7.07%, 03/16/2012 (N)(Q)........................ 19,152
</Table>
The accompanying notes are an integral part of these financial statements.
135
THE HARTFORD FLOATING RATE FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) -- (CONTINUED)
CONSUMER CYCLICAL -- (CONTINUED)
$ 2,750 Federal-Mogul Corp.,
7.32%, 12/09/2006 (F)(N)........................ $ 2,751
28,603 Ford Motor Co.,
8.36%, 12/15/2013 (N)........................... 28,764
4,500 Foster Wheeler LLC,
5.26%, 09/12/2011 (N)........................... 4,511
13,466 General Motors Corp.,
7.73%, 11/27/2013 (N)........................... 13,559
1,995 Gibson Guitar Corp.,
7.86%, 12/29/2013 (N)........................... 2,015
5,093 Hanesbrands, Inc.,
7.11%, 09/05/2013 (N)........................... 5,118
4,761 Invista B.V., Term Loan A1,
6.85%, 04/30/2010 (N)........................... 4,749
10,889 Invista B.V., Term Loan A2,
6.85%, 04/30/2010 (N)........................... 10,862
13,698 Jean Coutu Group,
7.88%, 07/30/2011 (N)........................... 13,701
11,964 Lear Corp.,
7.85%, 04/25/2012 (N)........................... 11,967
23,000 Levi Strauss & Co.,
7.59%, 03/09/2014 (N)(Q)........................ 22,792
10,415 Masonite International Corp., Canadian Term Loan,
7.35%, 04/30/2010 (N)........................... 10,168
10,431 Masonite International Corp., US Term Loan,
7.35%, 04/30/2010 (N)........................... 10,223
4,000 Masonite International Corp.,
11.00%, 10/11/2011 (N).......................... 3,600
5,846 Michaels Stores, Inc.,
8.13%, 10/30/2012 (N)........................... 5,883
3,022 Mosaic Comp.,
7.12%, 11/30/2013 (N)........................... 3,040
5,000 Mother's Work, Inc.,
7.86%, 03/09/2013 (N)........................... 5,019
3,467 Navistar International, Revolver,
8.61%, 01/17/2012 (N)(Q)........................ 3,509
11,533 Navistar International, Term Loan,
8.61%, 01/17/2012 (N)(Q)........................ 11,678
6,593 Neiman Marcus Group,
7.35%, 04/06/2013 (N)........................... 6,647
7,892 Nortek, Inc.,
7.36%, 08/27/2011 (N)........................... 7,910
36,908 Oshkosh Trucking Corp.,
7.10%, 11/30/2013 (N)........................... 37,034
1,950 Oshkosh Trucking Corp.,
7.10%, 12/06/2013 (N)........................... 1,952
5,985 Petco Animal Supplies, Inc,
7.85%, 10/25/2013 (N)........................... 6,032
2,978 Pro-Build Holdings, Inc.,
7.10%, 06/21/2013 (N)........................... 2,944
3,980 Radio Systems Corp.,
8.07%, 10/31/2013 (N)........................... 3,997
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
CONSUMER CYCLICAL -- (CONTINUED)
$ 19,000 RJ Tower Corp.,
9.94%, 08/02/2007 (F)(N)........................ $ 18,891
6,429 Roundy's Supermarkets, Inc.,
8.09%, 11/03/2011 (N)........................... 6,480
1,995 Samsonite Corp.,
7.60%, 12/21/2013 (N)........................... 2,007
9,436 Sports Authority, Inc.,
7.60%, 04/25/2013 (N)........................... 9,436
14,714 Standard Pacific Corp.,
6.86%, 04/25/2013 (N)........................... 14,494
333 Standard Steel LLC,
7.86%, 07/10/2012 (AA)(Q)....................... 335
1,654 Standard Steel LLC,
7.87%, 07/10/2012 (N)........................... 1,665
4,212 Supervalu, Inc.,
6.72%, 06/01/2011 (N)........................... 4,210
26,747 Supervalu, Inc.,
6.84%, 05/30/2013 (N)........................... 26,840
3,457 Tensar Corp.,
8.11%, 10/28/2012 (N)........................... 3,457
24,500 Toys R Us, Inc.,
8.32%, 11/30/2008 (N)........................... 24,623
3,456 TRW Automotive,
6.88%, 06/30/2012 (N)........................... 3,456
3,959 United Subcontractors, Inc.,
8.12%, 12/27/2012 (N)........................... 3,922
16,293 William Carter Co.,
6.85%, 07/14/2012 (N)(Q)........................ 16,278
----------
536,105
----------
CONSUMER STAPLES -- 4.0%
2,538 Agricore United, Canadian,
7.13%, 08/04/2013 (N)........................... 2,541
1,438 Agricore United,
7.13%, 08/04/2013 (N)........................... 1,440
1,330 American Seafoods Group,
7.10%, 09/30/2011 (N)........................... 1,334
14,592 American Seafoods Group,
7.10%, 09/30/2012 (N)........................... 14,574
1,500 American Seafoods Group,
7.11%, 09/30/2012 (AA)(Q)....................... 1,504
4,000 B & G Foods, Inc.,
7.36%, 02/22/2013 (N)........................... 4,020
7,500 Bird's Eye Foods, Inc.,
7.09%, 03/21/2014 (N)(Q)........................ 7,512
2,580 Chattem, Inc.,
7.11%, 12/15/2012 (N)........................... 2,599
713 Chiquita Brands International, Inc., Term Loan B,
8.38%, 06/28/2012 (N)........................... 717
15,344 Chiquita Brands International, Inc., Term Loan C,
8.38%, 06/28/2012 (N)........................... 15,504
2,500 Constellation Brands, Inc.,
6.88%, 06/05/2013 (N)........................... 2,506
</Table>
The accompanying notes are an integral part of these financial statements.
136
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) -- (CONTINUED)
CONSUMER STAPLES -- (CONTINUED)
$ 24,000 Dean Foods Co.,
6.88%, 03/29/2014 (N)........................... $ 24,032
3,962 Del Monte Foods Co.,
6.84%, 02/08/2012 (N)........................... 3,964
3,230 Dole Food Co., Inc.,
7.23%, 04/12/2013 (AA)(Q)....................... 3,230
22,596 Dole Food Co., Inc.,
7.46%, 04/12/2013 (N)(Q)........................ 22,582
6,780 Dole Food Co., Inc.,
7.54%, 04/12/2013 (N)(Q)........................ 6,771
3,990 DS Waters, Inc.,
7.57%, 11/03/2013 (N)........................... 3,990
11,500 Huish Detergents, Inc.,
7.36%, 04/25/2014 (AA)(Q)....................... 11,514
3,500 Huish Detergents, Inc.,
9.61%, 10/25/2014 (AA)(Q)....................... 3,557
381 Johnson Diversey, Inc.,
7.86%, 12/16/2010 (N)........................... 386
2,289 Johnson Diversey, Inc.,
7.86%, 12/16/2011 (N)........................... 2,312
6,197 Michael Foods, Inc.,
7.36%, 11/21/2010 (N)........................... 6,224
2,788 New Page Corp.,
7.63%, 05/02/2011 (N)........................... 2,809
9,895 Nutro Products, Inc.,
7.35%, 04/21/2013 (N)(Q)........................ 9,883
1,385 OSI Group, Inc., Dutch Term Loan,
7.35%, 09/02/2011 (N)(Q)........................ 1,389
1,108 OSI Group, Inc., German Term Loan,
7.35%, 09/02/2011 (N)(Q)........................ 1,111
2,494 OSI Group, Inc., US Term Loan B,
7.35%, 09/02/2011 (N)(Q)........................ 2,500
6,048 Piere Foods, Inc.,
7.61%, 06/30/2010 (N)........................... 6,070
9,925 Reynolds American, Inc.,
7.11%, 05/31/2012 (N)........................... 9,985
2,978 United Agri Products, Inc.,
7.36%, 06/01/2012 (N)........................... 2,978
----------
179,538
----------
ENERGY -- 1.8%
2,749 Citgo Petroleum Corp.,
6.70%, 11/14/2012 (N)........................... 2,748
13,000 Energy Transfer Partners,
7.08%, 12/19/2012 (N)........................... 13,081
793 Firstlight Power Resources, Inc., Letter Of
Credit,
7.85%, 11/01/2013 (N)........................... 798
6,707 Firstlight Power Resources, Inc., Term Loan B,
7.85%, 11/01/2013 (N)........................... 6,755
7,940 Helix Energy Solutions Group, Inc.,
7.33%, 05/31/2013 (N)........................... 7,961
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
ENERGY -- (CONTINUED)
$ 8,937 Key Energy Services,
7.83%, 06/30/2012 (N)........................... $ 8,976
1,600 Key Energy Services,
7.86%, 06/30/2012 (AA).......................... 1,610
3,988 McJunkin Corp.,
7.60%, 01/30/2014 (N)........................... 4,009
1,733 MEG Energy Corp.,
7.35%, 04/03/2013 (N)........................... 1,746
606 Niska Gas Storage LLC, Asset Sale,
7.07%, 05/03/2013 (N)........................... 608
373 Niska Gas Storage LLC, Delayed Draw US Term Loan,
7.07%, 05/03/2013 (N)........................... 374
3,180 Niska Gas Storage LLC, Canadian Term Loan,
7.09%, 05/03/2013 (N)........................... 3,188
551 Niska Gas Storage LLC, US Term Loan,
7.09%, 05/03/2013 (N)........................... 552
4,777 Targa Resources, Inc.,
7.36%, 10/31/2012 (N)........................... 4,816
1,164 Targa Resources, Inc.,
7.48%, 10/31/2012 (AA).......................... 1,178
2,000 Texas Petrochemicals L.P.,
7.86%, 06/27/2013 (AA).......................... 2,023
5,955 Texas Petrochemicals L.P.,
7.94%, 06/27/2013 (N)........................... 6,015
2,946 Western Refining, Inc., Delayed Draw Term Loan,
7.11%, 03/06/2014 (AA)(Q)....................... 2,957
12,054 Western Refining, Inc.,
7.11%, 03/06/2014 (AA)(Q)....................... 12,069
----------
81,464
----------
FINANCE -- 6.9%
6,000 Amerigroup Corp.,
7.36%, 04/17/2014 (AA)(Q)....................... 6,026
1,800 Ameritrade Holding Corp.,
6.57%, 12/31/2011 (N)........................... 1,799
8,330 Ameritrade Holding Corp.,
6.82%, 12/31/2011 (N)........................... 8,344
8,000 Ashtead Group plc,
7.13%, 08/21/2011 (N)........................... 7,996
11,157 Avis Budget Car Rental LLC,
6.61%, 04/19/2012 (N)........................... 11,153
6,214 BNY Convergex Group LLC & EZE Castle Software,
8.35%, 08/30/2013 (N)........................... 6,261
3,000 Brickman Group Holdings, Inc.,
7.40%, 01/24/2014 (N)........................... 3,006
7,989 Buckeye Check Cashing, Inc.,
8.10%, 05/01/2012 (N)........................... 7,999
7,442 Capital Automotive L.P.,
7.07%, 12/20/2010 (N)........................... 7,501
4,988 CB Richard Ellis Services, Inc.,
6.82%, 12/14/2013 (N)........................... 4,997
</Table>
The accompanying notes are an integral part of these financial statements.
137
THE HARTFORD FLOATING RATE FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) -- (CONTINUED)
FINANCE -- (CONTINUED)
$ 5,472 Conseco, Inc.,
7.32%, 10/04/2013 (N)........................... $ 5,496
6,268 Covanta Holding Corp.,
6.78%, 02/09/2014 (AA)(Q)....................... 6,268
12,732 Covanta Holding Corp.,
6.88%, 02/09/2014 (N)(Q)........................ 12,732
24,500 Crescent Resources LLC,
8.32%, 09/07/2012 (N)(Q)........................ 24,490
1,897 Dollar Financial Corp., Delayed Draw Term Loan,
8.05%, 10/30/2012 (N)........................... 1,904
2,580 Dollar Financial Corp.,
8.05%, 10/30/2012 (N)........................... 2,590
3,000 Euronet Worldwide, Inc.,
7.32%, 03/30/2014 (N)........................... 3,015
3,500 FSB Holdings, Inc.,
7.88%, 09/29/2013 (N)........................... 3,518
500 FSB Holdings, Inc.,
11.13%, 03/29/2014 (N).......................... 505
26,184 General Growth Properties, Inc.,
6.57%, 02/24/2010 (N)(Q)........................ 26,126
4,579 Golden Gate National,
8.09%, 03/14/2011 (N)........................... 4,601
4,352 Hertz Corp.,
7.08%, 12/21/2012 (N)........................... 4,379
779 Hertz Corp.,
7.10%, 12/21/2012 (AA).......................... 784
4,000 HMSC Corp.,
7.61%, 10/03/2014 (N)(Q)........................ 4,008
2,000 HMSC Corp.,
10.86%, 04/03/2014 (N)(Q)....................... 2,038
15,500 Kar Holdings Inc.,
7.57%, 10/17/2013 (N)(Q)........................ 15,592
13,471 Landsource Holding Co. LLC,
8.07%, 02/26/2013 (N)(Q)........................ 13,567
7,000 LNR Properties Corp.,
8.10%, 06/29/2009 (N)........................... 7,000
23,000 LNR Properties Corp.,
8.11%, 06/29/2011 (N)(Q)........................ 23,065
2,000 Maguire Properties, Inc.,
7.36%, 04/23/2012 (AA)(Q)....................... 2,008
2,481 Mattamy Funding Partnership,
7.63%, 04/11/2013 (N)........................... 2,477
4,975 Nasdaq Stock Market, Inc., Incremental Term Loan,
7.07%, 05/22/2012 (N)........................... 4,987
2,914 Nasdaq Stock Market, Inc., Term Loan B,
7.07%, 05/22/2012 (N)........................... 2,919
1,689 Nasdaq Stock Market, Inc., Term Loan C,
7.07%, 05/22/2012 (N)........................... 1,694
1,164 November Land Investors LLC,
8.10%, 05/01/2011 (N)........................... 1,153
2,500 November Land Investors LLC,
12.35%, 05/09/2012 (N).......................... 2,488
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT (B) VALUE (W)
- ---------- ----------
FINANCE -- (CONTINUED)
$ 4,030 Realogy Corp.,
8.32%, 10/05/2013 (N)(Q)........................ $ 4,044
14,970 Realogy Corp.,
8.35%, 10/05/2014 (N)(Q)........................ 15,042
11,696 Rent-A-Center, Inc.,
7.12%, 10/26/2012 (N)........................... 11,718
11,940 Rental Service Corp.,
8.93%, 11/21/2012 (N)........................... 11,983
7,900 Sedgwick CMS Holdings, Inc.,
7.60%, 01/31/2013 (N)........................... 7,915
2,500 TE/Tousa Senior LLC,
11.75%, 08/01/2008 (N).......................... 2,475
1,347 United Rentals, Inc., Credit Linked Deposit,
7.32%, 02/14/2011 (N)........................... 1,358
2,963 United Rentals, Inc., Initial Term Loan,
7.32%, 02/14/2011 (AA).......................... 2,974
8,460 Vanguard Car Rental USA Holdings, Inc.,
8.35%, 06/08/2013 (N)........................... 8,515
----------
310,510
----------
HEALTH CARE -- 10.3%
5,000 Advanced Medical Optics, Inc.,
7.09%, 04/02/2014 (N)(Q)........................ 5,025
6,408 AGA Medical Corp.,
7.36%, 04/26/2013 (N)........................... 6,408
8,425 Ameripath, Inc.,
7.36%, 10/31/2013 (N)........................... 8,420
8,750 Carestream Health, Inc.,
7.36%, 04/12/2013 (AA)(Q)....................... 8,761
1,500 Carestream Health, Inc.,
7.36%, 10/12/2013 (AA)(Q)....................... 1,515
5,718 Carl Zeiss,
7.86%, 03/14/2014 (AA).......................... 5,761
EUR 1,000 Carl Zeiss,
8.06%, 03/14/2014 (N)........................... 1,400
2,686 Center For Diagnostic Imaging,
8.85%, 12/31/2010 (N)........................... 2,666
5,949 Community Health Systems, Inc., First Incremental
Term Loan,
7.10%, 08/19/2011 (N)........................... 5,959
5,970 Community Health Systems, Inc., Term Loan B,
7.10%, 08/19/2011 (N)........................... 5,982
10,800 Community Health Systems, Inc.,
9.36%, 10/24/2014 (AA)(Q)....................... 10,746
15,498 DJ Orthopedics LLC,
6.88%, 04/07/2013 (N)(Q)........................ 15,498
50,157 Fresenius Medical Care AG,
6.73%, 03/31/2013 (N)(Q)........................ 50,063
6,000 General Nutrition Centers, Inc.,
7.60%, 03/14/2014 (N)........................... 5,987
3 Hanger Orthopedic Group,
7.87%, 05/25/2013 (N)........................... 3
10,219 HCA, Inc.,
7.10%, 11/14/2012 (N)........................... 10,302
</Table>
The accompanying notes are an integral part of these financial statements.
138
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) -- (CONTINUED)
HEALTH CARE -- (CONTINUED)
$ 27,930 HCA, Inc.,
7.60%, 11/17/2013 #(N).......................... $ 28,222
20,000 Health Management Associates, Inc.,
7.10%, 02/12/2014 (N)........................... 20,063
8,571 Healthcare Partners LLC,
7.10%, 10/20/2013 (N)........................... 8,582
25,326 HealthSouth Corp.,
7.85%, 03/07/2013 (N)........................... 25,491
382 IASIS Healthcare Capital Corp.,
7.36%, 01/15/2014 (AA)(Q)....................... 383
1,431 IASIS Healthcare Capital Corp., Delayed Draw Term
Loan,
7.36%, 03/15/2014 (AA)(Q)....................... 1,436
4,188 IASIS Healthcare Capital Corp., Term Loan,
7.36%, 03/15/2014 (AA)(Q)....................... 4,203
2,750 IASIS Healthcare Capital Corp.,
10.61%, 06/15/2014 (AA)(Q)...................... 2,729
3,881 Ikaria Acquisition, Inc.,
7.59%, 03/28/2013 (N)........................... 3,895
30,045 Lifepoint Hospitals, Inc.,
6.99%, 04/15/2012 (N)(Q)........................ 30,003
2,797 Multiplan Corp.,
7.82%, 04/12/2013 (N)........................... 2,814
8,070 Multiplan Corp.,
7.82%, 04/13/2013 (N)........................... 8,090
397 National Mentor,
7.32%, 06/27/2013 (AA).......................... 397
6,558 National Mentor,
7.35%, 06/27/2013 (N)........................... 6,566
11,920 National Renal Institutes, Inc.,
7.63%, 03/31/2013 (N)........................... 11,913
12,829 Orthofix Holdings, Inc.,
7.10%, 09/22/2013 (N)........................... 12,877
5,000 Pharmaceutical Product Development, Inc.,
8.57%, 01/29/2012 (N)........................... 5,000
10,000 Pharmaceutical Technologies and Services,
7.60%, 04/04/2014 (N)........................... 10,021
8,925 Quintiles Transnational Corp.,
7.35%, 03/31/2013 (N)........................... 8,936
4,980 Reable Therapeutics Finance LLC,
7.88%, 10/30/2013 (N)........................... 4,986
3,941 Renal Advantage, Inc.,
7.85%, 10/05/2012 (N)........................... 3,971
2,000 Select Medical Corp., Term Loan B,
Add-on, 7.36%, 02/24/2012 (N)................... 1,991
13,847 Select Medical Corp., Term Loan B,
7.36%, 02/24/2012 (N)........................... 13,787
4,965 Skilled Healthcare Group, Inc.,
7.57%, 06/15/2012 (N)........................... 4,986
23,799 Spanish Broadcasting System, Inc.,
7.10%, 06/10/2012 (N)(Q)........................ 23,828
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
HEALTH CARE -- (CONTINUED)
$ 695 Sun Healthcare Group, Inc., Delayed Draw Term
Loan,
5.26%, 04/12/2014 (N)(Q)........................ $ 695
885 Sun Healthcare Group, Inc., Synthetic Letter of
Credit,
5.26%, 04/12/2014 (N)(Q)........................ 885
3,920 Sun Healthcare Group, Inc.,
7.36%, 04/12/2014 (N)(Q)........................ 3,920
1,990 Triumph Healthcare,
8.36%, 07/28/2013 (N)........................... 1,997
1,210 United Surgical Partners International, Delayed
Draw Term Loan,
9.25%, 04/19/2014 (N)(Q)........................ 1,205
6,290 United Surgical Partners International, Term Loan
B,
9.25%, 04/19/2014 (N)........................... 6,322
16,307 Vanguard Health Holdings Co. II LLC,
7.60%, 09/23/2011 (N)........................... 16,409
9,835 Ventiv Health, Inc.,
6.85%, 10/05/2011 (N)........................... 9,829
2,095 Warner Chilcott Corp., Donovex Term Loan,
7.36%, 01/18/2012 (N)........................... 2,095
7,951 Warner Chilcott Corp., Term Loan B,
7.36%, 01/18/2012 (N)........................... 7,972
1,640 Warner Chilcott Corp., Term Loan C,
7.36%, 01/18/2012 (N)........................... 1,646
10,965 Waterpik Technologies, Inc.,
7.57%, 06/30/2013 (N)(Q)........................ 10,965
4,000 Waterpik Technologies, Inc.,
11.86%, 10/12/2013 (N).......................... 3,980
2,481 Youth & Family Centered Services, Inc.,
8.15%, 07/10/2013 (N)........................... 2,475
----------
460,061
----------
SERVICES -- 22.6%
2,975 24 Hour Fitness Worldwide, Inc.,
7.85%, 06/08/2012 (N)........................... 2,986
6,456 Acosta, Inc.,
7.57%, 12/06/2012 (N)........................... 6,499
6,838 Acxiom Corp.,
7.08%, 09/13/2012 (N)........................... 6,872
23,866 Advantage Sales & Marketing, Inc.,
7.36%, 03/31/2013 (N)(Q)........................ 23,911
14,902 Affiliated Computer Services, Inc., First
Securities Repurchase Increase,
7.32%, 03/20/2013 (N)........................... 14,925
7,940 Affiliated Computer Services, Inc., Term Loan B,
7.32%, 03/20/2013 (N)........................... 7,951
17,887 Affinion Group, Inc.,
7.86%, 10/07/2012 (N)........................... 18,013
2,993 Alixpartners LLP,
7.61%, 10/11/2013 (N)........................... 3,011
1,980 Alliance Atlantis Communications, Inc.,
6.82%, 12/20/2011 (N)........................... 1,976
</Table>
The accompanying notes are an integral part of these financial statements.
139
THE HARTFORD FLOATING RATE FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) -- (CONTINUED)
SERVICES -- (CONTINUED)
$ 11,181 Allied Waste Industries, Inc.,
7.07%, 01/15/2012 (AA).......................... $ 11,251
23,835 Allied Waste Industries, Inc.,
7.10%, 01/15/2012 (N)........................... 23,955
5,930 AMC Entertainment, Inc.,
7.07%, 01/26/2013 (N)........................... 5,955
6,212 American Gaming Systems,
9.82%, 06/21/2013 (H)(N)........................ 6,212
1,238 Black Press Ltd., Term Loan B,
7.36%, 08/02/2013 (N)........................... 1,246
752 Black Press Ltd., Term Loan B2,
7.36%, 08/02/2013 (N)........................... 756
28,000 Bresnan Communications LLC,
7.36%, 09/29/2013 (N)(Q)........................ 28,063
2,000 Brock Holdings III, Inc.,
7.32%, 02/21/2014 (N)........................... 1,989
5,000 Cardinal Logistics Management,
9.07%, 03/09/2014 (N)........................... 4,963
2,170 Carmike Cinemas, Inc.,
8.59%, 09/29/2011 (N)........................... 2,178
7,694 Carmike Cinemas, Inc.,
8.61%, 05/19/2012 (N)........................... 7,759
2,500 Casella Waste Systems, Inc., Add on Term Loan,
7.36%, 04/28/2010 (AA).......................... 2,513
2,000 Casella Waste Systems, Inc., Term Loan B,
7.36%, 04/28/2010 (N)(Q)........................ 2,008
3,990 Cavel Holdings LLC,
10.09%, 11/29/2012 (N).......................... 4,032
3,449 CCM Merger, Inc.,
7.34%, 08/01/2012 (N)........................... 3,466
14,000 CCO Holdings LLC,
7.85%, 09/05/2014 (N)........................... 14,009
25,500 Cebridge Communications LLC,
7.35%, 11/05/2013 (N)(Q)........................ 25,460
10,000 Cebridge Communications LLC,
9.86%, 05/05/2014 (N)........................... 10,223
19,850 Cedar Fair L.P.,
7.32%, 07/21/2013 (N)........................... 20,036
6,952 Cedar Fair L.P.,
7.33%, 07/21/2013 (N)........................... 7,005
3,483 Cinemark, Inc.,
7.13%, 10/04/2013 (N)........................... 3,494
23,000 Clarke American Corp.,
7.84%, 02/28/2014 (N)(Q)........................ 22,971
5 Clientlogic, Inc.,
7.86%, 01/29/2014 (AA).......................... 5
14,865 CMP Susquehanna Corp.,
7.36%, 03/24/2013 (N)........................... 14,935
5,471 Coinmach Service Corp.,
7.88%, 12/16/2010 (N)........................... 5,501
1,975 CSC Holdings, Inc.,
6.58%, 02/24/2012 (N)........................... 1,971
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
SERVICES -- (CONTINUED)
$ 39,736 CSC Holdings, Inc.,
7.08%, 03/24/2013 (N)........................... $ 39,873
16,181 Cumulus Media, Inc.,
7.32%, 06/07/2013 (H)(N)........................ 16,262
1,648 Dex Media West LLC, Inc.,
6.85%, 03/09/2010 (N)........................... 1,647
360 Dex Media West LLC, Inc.,
6.86%, 03/09/2010 (N)........................... 360
495 DynCorp International, Inc.,
7.63%, 02/11/2011 (N)........................... 499
5,450 Emdeon Business Services LLC,
7.60%, 11/16/2013 (N)........................... 5,470
2,000 Emdeon Business Services LLC,
10.35%, 05/16/2014 (N).......................... 2,040
4,000 Emmis Operating Co.,
7.35%, 10/30/2013 (N)........................... 4,021
1,514 Energy Solutions LLC, Add-On Letter of Credit,
7.57%, 06/07/2013 (N)........................... 1,531
126 Energy Solutions LLC, LC Facility,
7.57%, 06/07/2013 (N)........................... 128
2,587 Energy Solutions LLC, Term Loan B,
7.63%, 06/07/2013 (N)........................... 2,616
1,199 Energy Solutions LLC, Term Loan B2,
7.63%, 06/07/2013 (N)........................... 1,212
8,608 F & W Publications, Inc.,
7.61%, 08/05/2012 (N)........................... 8,651
3,000 F & W Publications, Inc.,
9.60%, 08/05/2012 (N)(Q)........................ 3,028
3,250 Fender Musical Instrument Group,
11.36%, 09/30/2012 (N).......................... 3,299
4,987 Gray Television, Inc., Delayed Draw Term Loan,
6.85%, 12/31/2014 (N)(Q)........................ 4,981
1,978 Gray Television, Inc., Term Loan B,
6.85%, 12/31/2014 (N)(Q)........................ 1,976
2,000 Great Canadian Gaming Corp.,
6.86%, 02/09/2014 (N)........................... 2,006
3,980 Greektown Holdings LLC,
7.86%, 12/01/2012 (N)........................... 4,020
2,891 Green Valley Ranch Gaming LLC,
7.36%, 02/09/2014 (N)........................... 2,903
8,000 Green Valley Ranch Gaming LLC,
8.61%, 02/09/2014 (N)........................... 8,074
4,988 Greenwood Racing, Inc.,
7.57%, 11/14/2011 (N)........................... 5,012
1,000 Hanley Wood LLC,
7.60%, 03/07/2014 (N)........................... 998
30,000 Harrah's Entertainment, Inc.,
6.86%, 03/05/2008 (AA)(Q)....................... 29,925
1,667 Herbst Gaming, Inc.,
7.23%, 12/02/2011 (N)........................... 1,674
3,325 Herbst Gaming, Inc.,
7.24%, 12/02/2011 (N)........................... 3,340
1,689 Hilton Hotels Corp.,
6.69%, 02/14/2013 (N)........................... 1,688
</Table>
The accompanying notes are an integral part of these financial statements.
140
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) -- (CONTINUED)
SERVICES -- (CONTINUED)
$ 1,000 Hit Entertainment, Inc.,
7.59%, 03/20/2012 (N)(Q)........................ $ 1,002
985 Hit Entertainment, Inc.,
7.61%, 08/26/2012 (AA).......................... 988
3,736 Isle of Capri Black Hawk LLC,
7.35%, 10/24/2011 (N)........................... 3,731
11,307 Lake at Las Vegas Joint Venture LLC,
12.00%, 02/01/2010 (N).......................... 11,168
2,000 Lamar Media Corp.,
6.88%, 03/31/2014 (N)........................... 2,005
10,679 LBI Media, Inc.,
6.85%, 05/01/2012 (N)........................... 10,546
3,240 Lodgenet Entertainment Corp., Delayed Draw Term
Loan,
7.34%, 04/04/2014 (N)(Q)........................ 3,262
5,760 Lodgenet Entertainment Corp., Term Loan B,
7.34%, 04/04/2014 (N)(Q)........................ 5,798
3,970 Medianews Groups, Inc.,
7.09%, 08/02/2013 (N)........................... 3,968
8,623 MGM Holdings II, Inc.,
8.60%, 04/08/2012 (N)........................... 8,623
27,000 MGM Mirage, Inc.,
6.41%, 10/03/2011 (N)........................... 26,587
2,469 Montecito Broadcast Group LLC,
7.86%, 01/25/2013 (N)........................... 2,483
8,000 NEP Supershooters L.P.,
7.60%, 02/13/2014 (N)(Q)........................ 8,037
2,993 Newspaper Holdings, Inc.,
6.88%, 08/24/2012 (N)........................... 2,972
3,000 Open Solutions, Inc.,
7.49%, 01/25/2014 (N)........................... 3,011
4,500 PA Meadows LLC,
8.36%, 11/03/2011 (N)........................... 4,517
1,970 Penn National Gaming, Inc.,
7.11%, 07/05/2012 (N)........................... 1,982
5,000 Penton Media, Inc.,
10.36%, 02/06/2014 (N).......................... 5,041
7,500 Penton Media, Inc.,
7.60%, 02/06/2013 (N)........................... 7,530
3,500 Persona Communications Corp.,
11.35%, 04/11/2014 (N).......................... 3,548
1,915 Persona Communications Corp., Delayed Draw First
Lien Term Loan,
8.10%, 10/11/2013 (N)........................... 1,930
3,085 Persona Communications Corp., First Lien Term
Loan,
8.10%, 10/11/2013 (N)........................... 3,108
1,991 Philosophy, Inc.,
7.36%, 03/15/2014 (N)........................... 1,990
20,500 Pinnacle Foods,
8.10%, 03/30/2014 (N)........................... 20,628
2,963 Quebecor Media, Inc.,
7.36%, 01/17/2013 (N)........................... 2,981
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
SERVICES -- (CONTINUED)
$ 16,229 Raycom TV Broadcasting, Inc.,
6.88%, 07/27/2013 (N)........................... $ 16,188
24,500 Readers Digest Association, Inc.,
7.34%, 03/02/2014 (N)........................... 24,513
5,000 Readers Digest Association, Inc.,
7.61%, 03/02/2013 (AA)(Q)....................... 4,962
33,270 Regal Cinemas, Inc.,
7.10%, 11/10/2010 (N)(Q)........................ 33,330
20,000 Sabre, Inc.,
7.61%, 09/30/2014 (N)........................... 20,046
1,036 Seminole Tribe of Florida,
6.86%, 03/06/2014 (AA)(Q)....................... 1,035
3,498 Seminole Tribe of Florida, Term Loan B2,
6.88%, 03/06/2014 (N)........................... 3,494
3,466 Seminole Tribe of Florida, Term Loan B3,
6.88%, 03/06/2014 (N)........................... 3,461
30,316 Sensata Technologies,
7.10%, 04/21/2013 (N)........................... 30,252
1,000 Southern Graphic Systems,
7.65%, 12/30/2011 (AA)(Q)....................... 1,006
1,975 Southern Graphic Systems,
7.86%, 12/30/2011 (N)........................... 1,987
10,850 Sungard Data Systems, Inc.,
7.36%, 08/08/2012 (N)........................... 10,930
3,500 Synagro Technologies, Inc.,
7.32%, 03/28/2014 (N)........................... 3,515
2,000 Synagro Technologies, Inc.,
10.07%, 09/28/2014 (N).......................... 2,023
1,798 THE Geo Group, Inc.,
6.82%, 02/05/2014 (N)........................... 1,803
8,464 Time Warner Telecom Holdings, Inc.,
7.32%, 07/01/2013 (N)........................... 8,503
9,935 U.S. Investigations Services, Term Loan B,
7.85%, 10/14/2012 (N)........................... 10,010
988 U.S. Investigations Services, Term Loan C,
7.85%, 10/14/2012 (N)........................... 995
973 U.S. Investigations Services, Term Loan D,
7.85%, 10/14/2012 (N)........................... 980
3,000 United Site Services, Inc.,
9.60%, 06/29/2013 (N)........................... 2,880
22,550 Univision Communications, Term Loan B,
7.61%, 09/16/2014 (N)........................... 22,530
1,450 Univision Communications, Delayed Draw Term Loan,
7.61%, 09/16/2014 (AA)(Q)....................... 1,433
5,000 Univision Communications,
7.82%, 03/16/2009 (N)........................... 4,996
13,000 UPC Financing Partnership,
7.37%, 03/31/2013 (N)........................... 13,018
13,000 UPC Financing Partnership,
7.37%, 12/31/2013 (N)........................... 13,022
1,000 UPC Financing Partnership,
7.37%, 12/31/2014 (N)(Q)........................ 1,003
1,995 Valley Crest Companies,
7.35%, 10/04/2013 (N)........................... 1,999
</Table>
The accompanying notes are an integral part of these financial statements.
141
THE HARTFORD FLOATING RATE FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) -- (CONTINUED)
SERVICES -- (CONTINUED)
$ 8,291 Venetian Casino Resort LLC, Term B Funded,
7.09%, 06/15/2011 (N)........................... $ 8,322
1,709 Venetian Casino Resort LLC, Term Loan B,
7.09%, 06/15/2011 (N)........................... 1,714
4,667 Venetian Macau Ltd.,
7.60%, 04/06/2013 (N)........................... 4,703
3,500 Venetian Macau Ltd.,
7.60%, 05/25/2013 (N)........................... 3,521
2,333 Venetian Macau Ltd.,
7.61%, 04/06/2012 (AA)(Q)....................... 2,352
2,722 Verso Paper Holdings LLC,
7.13%, 07/28/2013 (N)........................... 2,732
3,500 Vertafore, Inc.,
7.82%, 01/31/2012 (N)........................... 3,507
1,500 Vertafore, Inc.,
11.07%, 01/13/2013 (N).......................... 1,506
1,995 Volnay Acquisition Co. I (CCG),
7.35%, 01/17/2014 (N)........................... 2,010
18,000 VTR Global Communications S.A.,
8.32%, 09/20/2014 (H)(N)........................ 18,000
2,452 Washington Country Casino Resort LLC,
8.88%, 11/07/2011 (H)(N)........................ 2,446
1,845 Weight Watchers International, Inc., Term Loan 1,
6.63%, 01/24/2013 (N)........................... 1,840
12,500 Weight Watchers International, Inc., Term Loan A,
6.63%, 01/24/2013 (N)........................... 12,461
5,486 Weight Watchers International, Inc.,
6.88%, 01/24/2014 (N)........................... 5,503
3,980 Wembley, Inc.,
7.87%, 07/18/2011 (N)........................... 4,012
4,500 Wembley, Inc.,
9.63%, 08/15/2012 (N)........................... 4,539
3,820 Wenner Media LLC,
7.07%, 09/29/2013 (N)........................... 3,830
22,964 West Corp.,
7.75%, 10/23/2013 (N)(Q)........................ 23,117
13,125 WideOpenWest Finance LLC,
7.61%, 05/01/2013 (N)........................... 13,191
6,500 WideOpenWest Finance LLC,
10.36%, 05/01/2014 (N).......................... 6,598
3,500 Wilmar Landco LLC,
7.85%, 07/03/2008 (N)........................... 3,520
3,961 Wilmar OPCO LLC,
7.85%, 01/03/2012 (N)........................... 3,998
1,995 Worldspan L.P.,
8.60%, 12/21/2013 (N)........................... 2,002
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
SERVICES -- (CONTINUED)
$ 5,000 Yell Group plc,
7.32%, 02/10/2013 (N)........................... $ 5,032
7,481 Yonkers Racing Corp.,
8.88%, 08/12/2011 (N)........................... 7,547
----------
1,010,687
----------
TECHNOLOGY -- 12.8%
7,131 Advanced Micro Devices, Inc.,
7.34%, 10/24/2013 (N)........................... 7,139
300 Alaska Communication Systems Holdings, Inc.,
Initial Term Loan,
7.10%, 02/01/2012 (N)........................... 301
2,200 Alaska Communication Systems Holdings, Inc.,
Incremental Term Loan,
7.10%, 02/01/2012 (N)........................... 2,207
23,070 Alaska Communication Systems Holdings, Inc., Term
Loan,
7.10%, 02/01/2012 (N)........................... 23,147
18,000 American Cellular Corp.,
7.32%, 03/14/2014 (N)(Q)........................ 18,023
5,782 American Reprographics Co. LLC,
7.11%, 12/20/2012 (N)........................... 5,782
4,478 Aspect Software, Inc.,
8.38%, 09/22/2012 (N)........................... 4,466
2,363 Baldor Electric Co.,
7.13%, 02/09/2014 (N)........................... 2,371
10,255 Caribe Information Investment, Inc.,
7.61%, 03/29/2013 (N)........................... 10,268
2,703 CCC Information Services Group, Inc.,
7.85%, 02/10/2013 (N)........................... 2,713
8,498 Cellnet Technology, Inc.,
7.34%, 08/26/2011 (N)(Q)........................ 8,540
949 Charter Communications Operating LLC,
7.36%, 04/28/2013 (AA)(Q)....................... 946
17,000 Charter Communications Operating LLC,
7.36%, 04/30/2014 (AA)(Q)....................... 16,947
6,877 Cincinnati Bell, Inc.,
6.82%, 08/31/2012 (N)........................... 6,886
21,988 Cinram International,
7.36%, 05/05/2010 (N)........................... 21,858
9,000 Crown Castle Operating Co.,
6.89%, 03/06/2014 (N)........................... 9,012
2,015 DaVita, Inc.,
6.82%, 10/05/2011 (N)........................... 2,015
4,501 DaVita, Inc.,
6.84%, 10/05/2012 (N)........................... 4,504
1,990 Electrical Components International Holdings Co.,
7.88%, 05/31/2013 (N)........................... 1,990
16,750 FairPoint Communications, Inc.,
7.13%, 02/08/2012 (N)........................... 16,761
667 Fleetcor Technologies Operating Co. LLC, Delayed
Draw Term Loan,
7.61%, 04/30/2013 (AA)(Q)....................... 667
</Table>
The accompanying notes are an integral part of these financial statements.
142
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) -- (CONTINUED)
TECHNOLOGY -- (CONTINUED)
$ 3,333 Fleetcor Technologies Operating Co. LLC, Term Loan
B,
7.61%, 04/30/2013 (AA)(Q)....................... $ 3,333
15,960 Freescale Semiconductor, Inc.,
7.11%, 11/28/2013 (N)........................... 15,975
8,152 Gatehouse Media Operating, Inc.,
7.10%, 08/05/2014 (N)........................... 8,117
24,848 Gatehouse Media Operating, Inc.,
7.11%, 08/05/2014 (N)........................... 24,693
522 Global Tel, Delayed Draw Term Loan,
8.85%, 02/09/2013 (N)(Q)........................ 526
87 Global Tel, Letter of Credit,
8.85%, 02/09/2013 (N)........................... 88
348 Global Tel, Letter of Credit Delayed Draw,
8.85%, 02/09/2013 (N)(Q)........................ 350
1,036 Global Tel, Term Loan,
8.85%, 02/09/2013 (N)........................... 1,043
30,923 Idearc, Inc.,
7.35%, 11/17/2014 (N)........................... 31,120
3,000 Infor Global Solutions,
11.60%, 07/28/2014 (N).......................... 3,049
1,023 Infor Global Solutions, Delayed Draw Term Loan,
9.10%, 07/28/2012 (N)........................... 1,030
1,962 Infor Global Solutions, Term Loan,
9.10%, 07/28/2012 (N)........................... 1,974
12,298 Intelsat Bermuda Ltd.,
7.35%, 01/03/2014 (N)........................... 12,378
4,749 Intergraph Corp.,
7.86%, 05/29/2014 (N)........................... 4,779
3,483 Intesat Ltd.,
7.35%, 07/03/2012 (N)........................... 3,498
9,500 Intesat Ltd.,
7.86%, 01/11/2014 (N)........................... 9,529
998 IPC Acquisition Corp.,
7.35%, 09/22/2013 (N)........................... 1,002
2,985 IPC Acquisition Corp.,
7.85%, 09/22/2013 (N)........................... 3,000
3,000 Itron, Inc.,
7.36%, 04/30/2014 (AA)(Q)....................... 3,000
7,945 Leap Wireless International, Inc.,
7.60%, 06/15/2013 (N)........................... 8,010
23,000 Level 3 Communications,
7.61%, 03/01/2014 (N)........................... 23,105
10,938 Marvell Technology Group Ltd.,
7.35%, 11/09/2009 (N)........................... 10,993
13,463 Mediacom Broadband, Term Loan D1,
7.10%, 01/31/2015 (N)........................... 13,455
13,965 Mediacom Broadband, Term Loan D2,
7.10%, 01/31/2015 (N)(Q)........................ 13,921
2,000 Mediacom LLC,
6.86%, 09/30/2012 (N)........................... 1,981
8,978 Mediacom LLC,
7.10%, 01/31/2015 (N)........................... 8,978
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
TECHNOLOGY -- (CONTINUED)
$ 27,442 Metro PCS Wireless, Inc.,
7.63%, 11/02/2013 (N)........................... $ 27,636
7,000 National Cinemedia, Inc.,
7.09%, 02/13/2015 (N)(Q)........................ 7,000
24,562 Ntelos, Inc.,
7.57%, 08/24/2011 (N)........................... 24,693
5,000 One Communications Corp.,
9.38%, 06/30/2012 (N)........................... 5,042
5,000 Paetec Holding Corp.,
8.82%, 02/09/2013 (N)........................... 5,061
14,177 R.H. Donnelley, Inc., Term Loan D1,
6.85%, 06/30/2011 (N)........................... 14,155
22,631 R.H. Donnelley, Inc., Term Loan D2,
6.85%, 06/30/2011 (N)(Q)........................ 22,613
10,432 RCN Corp.,
7.19%, 04/19/2014 (N)........................... 10,432
17,000 RCN Corp.,
7.61%, 04/19/2014 (AA)(Q)....................... 17,117
6,975 Reynolds & Reynolds Co.,
7.35%, 10/24/2012 (N)........................... 7,010
5,985 Riverdeep Interactive Learning USA,
8.10%, 12/21/2013 (N)........................... 6,012
11,500 Sanmina-Sci Corp.,
8.38%, 01/31/2008 (N)........................... 11,550
7,000 UGS Corp.,
7.07%, 03/31/2012 (N)........................... 6,991
6,484 Verifone Holdings, Inc.,
7.11%, 10/30/2013 (N)........................... 6,536
6,000 Virgin Media Dover LLC,
7.36%, 09/03/2012 (N)........................... 6,027
5,183 Wind Acquisitions Holdings Finance S.A.,
12.61%, 12/12/2011 (N).......................... 5,254
11,714 Windstream Corp.,
6.86%, 08/23/2007 (N)........................... 11,768
----------
570,367
----------
TRANSPORTATION -- 3.1%
7,500 Delta Air Lines, Inc.,
7.36%, 03/16/2008 (F)(AA)....................... 7,532
5,000 Delta Air Lines, Inc.,
7.36%, 04/25/2012 (AA)(Q)....................... 5,019
4,000 Delta Air Lines, Inc.,
8.61%, 04/25/2014 (AA)(Q)....................... 4,050
6,484 Greatwide Logistics Services, Inc.,
8.85%, 01/22/2014 (N)........................... 6,512
7,977 Kansas City Southern Railway Co.,
7.07%, 04/28/2013 (N)........................... 7,991
3,764 Kenan Advantage Group,
8.35%, 12/16/2011 (N)........................... 3,783
995 Laidlaw International, Inc., Term Loan,
7.09%, 07/31/2013 (N)........................... 999
2,985 Laidlaw International, Inc., Term Loan B,
7.09%, 07/31/2013 (N)........................... 2,992
2,535 Louis US Holdco, Inc.,
7.82%, 11/04/2013 (N)........................... 2,546
</Table>
The accompanying notes are an integral part of these financial statements.
143
THE HARTFORD FLOATING RATE FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) -- (CONTINUED)
TRANSPORTATION -- (CONTINUED)
$ 828 Louis US Holdco, Inc.,
7.85%, 11/04/2013 (N)........................... $ 834
20,000 MacQuarie Aircraft Leasing Finance S.A.,
5.24%, 03/16/2014 (N)(Q)........................ 20,000
5,000 MacQuarie Aircraft Leasing Finance S.A.,
9.35%, 03/16/2014 (N)........................... 5,000
16,500 Northwest Airlines,
7.32%, 08/21/2008 (F)(N)........................ 16,548
20,000 Rail America, Inc.,
7.61%, 10/04/2008 (N)........................... 20,013
17,500 U.S. Airways Group, Inc.,
7.85%, 03/23/2014 (N)........................... 17,588
17,000 United Air Lines, Inc.,
7.38%, 02/01/2014 (N)........................... 17,035
----------
138,442
----------
UTILITIES -- 3.2%
1,418 Astoria Generating Co. Acquisitions LLC,
7.34%, 02/23/2012 (N)........................... 1,426
7,500 Astoria Generating Co. Acquisitions LLC,
9.10%, 08/23/2013 (N)........................... 7,568
862 Boston Generating LLC, Letter of Credit,
7.50%, 12/19/2013 (AA).......................... 867
241 Boston Generating LLC, Revolver,
7.50%, 12/19/2013 (AA).......................... 243
3,887 Boston Generating LLC,
7.60%, 12/19/2013 (N)........................... 3,908
13,000 Calpine Corp.,
7.59%, 04/03/2014 ++(N)(Q)...................... 13,069
8,511 Dynegy Holdings, Inc., Letter of Credit,
6.82%, 03/30/2013 (N)(Q)........................ 8,511
1,489 Dynegy Holdings, Inc., Term Loan,
6.82%, 03/30/2013 (N)(Q)........................ 1,489
5,000 El Paso Corp.,
6.97%, 11/23/2009 (AA).......................... 5,020
2,625 Kgen LLC, Letter of Credit,
7.13%, 02/01/2014 (N)........................... 2,625
4,364 Kgen LLC, Term Loan B,
7.13%, 02/01/2014 (N)........................... 4,361
23,253 Mirant North America LLC,
7.07%, 01/03/2013 (N)........................... 23,258
444 Moreno Group LLC, Delayed Draw Term Loan,
8.11%, 04/17/2014 (AA)(Q)....................... 445
3,556 Moreno Group LLC, Term Loan B,
8.11%, 04/17/2014 (AA)(Q)....................... 3,560
16,986 NRG Energy, Inc., Credit Linked Deposit,
7.35%, 01/27/2013 (N)........................... 17,100
9,687 NRG Energy, Inc.,
7.35%, 01/27/2013 (N)........................... 9,762
5,975 Pike Electric, Inc.,
7.13%, 07/01/2012 (N)........................... 5,982
5,322 Pike Electric, Inc.,
7.13%, 12/10/2012 (N)(Q)........................ 5,328
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
UTILITIES -- (CONTINUED)
$ 9,120 Reliant Energy, Inc.,
7.70%, 12/01/2010 (N)........................... $ 9,196
7,857 Reliant Energy, Inc.,
7.73%, 12/01/2010 (AA).......................... 7,919
1,438 Semcrude L.P.,
7.57%, 03/01/2011 (N)........................... 1,438
236 TPF Generation Holdings, LLC,
7.25%, 12/21/2011 (AA).......................... 237
753 TPF Generation Holdings, LLC,
7.25%, 12/21/2013 (AA).......................... 757
4,001 TPF Generation Holdings, LLC,
7.35%, 12/21/2013 (N)........................... 4,023
6,500 TPF Generation Holdings, LLC,
9.60%, 12/21/2014 (N)........................... 6,611
----------
144,703
----------
Total senior floating rate interests
non-investment grade
(cost $4,042,497)............................... $4,048,139
----------
Total long term investments
(cost $4,475,329)............................... $4,483,532
----------
SHORT-TERM INVESTMENTS -- 4.8%
FINANCE -- 3.1%
20,000 American General Finance,
5.24%, 05/14/2007............................... $ 19,959
12,927 Bank of Ireland,
5.28%, 05/01/2007............................... 12,925
20,000 Danske Corp.,
5.25%, 05/14/2007............................... 19,959
20,000 Deutsche Bank,
5.26%, 05/14/2007............................... 19,959
20,000 Old Line Funding LLC,
5.27%, 05/11/2007............................... 19,968
42,806 State Street Bank Money Market Fund............... 42,806
3,010 UBS Finance LLC,
5.24%, 05/01/2007............................... 3,010
----------
138,586
----------
REPURCHASE AGREEMENTS -- 1.7%
22,626 BNP Paribas Securities Corp. Repurchase Agreement,
5.10%, 05/01/2007............................... 22,626
26,809 RBS Greenwich Capital Markets,
5.10%, 05/01/2007............................... 26,809
27,152 UBS Securities, Inc. Repurchase Agreement,
5.10%, 05/01/2007............................... 27,152
----------
76,587
----------
Total short-term investments
(cost $215,173)................................. $ 215,173
----------
Total investments in securities
(cost $4,690,502) (C)........................... $4,698,705
==========
</Table>
The accompanying notes are an integral part of these financial statements.
144
- --------------------------------------------------------------------------------
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 1.80% of total net assets at April 30, 2007.
(B)All principal amounts are in U.S. dollars unless otherwise indicated.
EUR -- EURO
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $4,690,518 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation......................... $13,554
Unrealized depreciation......................... (5,367)
-------
Net unrealized appreciation..................... $ 8,187
=======
</Table>
++ The company is in bankruptcy. The bank loan or bond held by the
fund is not in default.
# This security, or a portion of this security, has been segregated to cover
funding requirements on investment transactions settling in the future.
(H)The following securities are considered illiquid. Illiquid securities
are often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD COST
ACQUIRED SHARES/PAR SECURITY BASIS
-------- ---------- -------- -----
06/2006-01/2007 6,212 American Gaming Systems, 9.82%, $ 6,227
06/21/2013
02/2006 1,800 CS First Boston Mortgage 1,779
Securities Corp. - 144A, 7.27%,
11/15/2019
06/2006-09/2006 16,181 Cumulus Media, Inc., 7.32%, 16,196
06/07/2013
09/2006-02/2007 18,000 VTR Global Communications S.A., 17,956
8.32%, 09/20/2014
10/2005 2,452 Washington Country Casino 2,452
Resort LLC, 8.88%, 11/07/2011
</Table>
The aggregate value of these securities at April 30, 2007 was
$44,601, which represents 1.00% of total net assets.
(I) Securities issued within terms of a private placement memorandum, exempt
from registration under Section 144A of the Securities Act of 1933, as
amended, and may be sold only to qualified institutional buyers. Pursuant
to guidelines adopted by the Board of Directors, these issues are
determined to be liquid. The aggregate value of these securities at April
30, 2007, was $100,156, which represents 2.24% of total net assets.
(J) Securities exempt from registration under Regulation D of the Securities
Act of 1933. These securities are determined to be liquid. At April 30,
2007, the market value of these securities was $41,013, which represents
0.92% of total net assets.
(L) Variable rate securities; the rate reported is the coupon rate in effect
at April 30, 2007.
(N) The interest rate disclosed for these securities represents the average
coupon as of April 30, 2007.
(AA) The interest rate disclosed for these securities represents an estimated
average coupon as of April 30, 2007.
(Q) The cost of securities purchased on a when-issued or delayed delivery
basis at April 30, 2007 was $371,921.
(V) Senior loans in which the Fund invests generally pay interest rates which
are periodically adjusted by reference to a base short-term, floating
lending rate plus a premium. These base lending rates are generally (i)
the lending rate offered by one or more major European banks, such as the
London Inter-Bank Offered Rate (LIBOR), (ii) the prime rate offered by one
or more major United States Banks, or (iii) the bank's certificate of
deposit rate. Senior floating rate interests often require prepayments
from excess cash flows or permit the borrower to repay at its election.
The rate at which the borrower repays cannot be predicted with accuracy.
As a result, the actual remaining maturity may be substantially less than
the stated maturities shown. The interest rate indicated is the rate in
effect at April 30, 2007.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
The accompanying notes are an integral part of these financial statements.
145
THE HARTFORD FUNDAMENTAL GROWTH FUND (FORMERLY THE HARTFORD FOCUS FUND)
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 96.9%
BASIC MATERIALS -- 5.1%
43 Companhia Vale do Rio Doce ADR.................... $ 1,746
22 Freeport-McMoRan Copper & Gold, Inc. ............. 1,451
-------
3,197
-------
CAPITAL GOODS -- 4.2%
20 Caterpillar, Inc. ................................ 1,438
22 Lam Research Corp. (D)(G)......................... 1,194
-------
2,632
-------
CONSUMER CYCLICAL -- 10.2%
22 Best Buy Co., Inc. ............................... 1,017
11 Coach, Inc. (D)................................... 552
8 Kohl's Corp. (D)(G)............................... 615
25 Lowe's Cos., Inc. ................................ 755
17 NIKE, Inc. Class B................................ 889
15 Ross Stores, Inc. ................................ 511
52 Staples, Inc. .................................... 1,300
12 Target Corp. ..................................... 729
-------
6,368
-------
CONSUMER STAPLES -- 3.0%
17 PepsiCo, Inc. .................................... 1,090
12 Procter & Gamble Co. ............................. 784
-------
1,874
-------
ENERGY -- 4.3%
3 Devon Energy Corp. ............................... 248
20 GlobalSantaFe Corp. .............................. 1,291
16 Schlumberger Ltd. ................................ 1,158
-------
2,697
-------
FINANCE -- 13.9%
23 Aflac, Inc. ...................................... 1,181
17 American International Group, Inc. ............... 1,174
41 Amvescap plc ADR (G).............................. 977
10 Franklin Resources, Inc. ......................... 1,247
6 Goldman Sachs Group, Inc. ........................ 1,312
28 UnitedHealth Group, Inc. ......................... 1,475
16 Wellpoint, Inc. (D)............................... 1,295
-------
8,661
-------
HEALTH CARE -- 13.7%
10 Abbott Laboratories............................... 566
21 Amgen, Inc. (D)................................... 1,321
13 Cephalon, Inc. (D)(G)............................. 1,067
17 CVS/Caremark Corp. ............................... 623
12 Eli Lilly & Co. .................................. 715
14 Genentech, Inc. (D)............................... 1,152
12 Genzyme Corp. (D)................................. 803
25 St. Jude Medical, Inc. (D)........................ 1,070
33 Teva Pharmaceutical Industries Ltd. ADR........... 1,257
-------
8,574
-------
SERVICES -- 6.3%
20 Accenture Ltd. Class A............................ 794
16 Alliance Data Systems Corp. (D)(G)................ 1,038
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
SERVICES -- (CONTINUED)
23 Priceline.com, Inc. (D)(G)........................ $ 1,269
24 Robert Half International, Inc. .................. 803
-------
3,904
-------
TECHNOLOGY -- 34.7%
21 Akamai Technologies, Inc. (D)(G).................. 908
24 America Movil S.A.B. de CV ADR.................... 1,261
4 Apple, Inc. (D)................................... 409
23 AT&T, Inc. ....................................... 879
47 Cisco Systems, Inc. (D)........................... 1,262
40 Corning, Inc. (D)................................. 956
16 Dover Corp. ...................................... 784
74 EMC Corp. (D)..................................... 1,122
21 Garmin Ltd. (G)................................... 1,193
36 General Electric Co. ............................. 1,323
3 Google, Inc. (D).................................. 1,485
30 Hewlett-Packard Co. .............................. 1,264
22 Infosys Technologies Ltd. ADR (G)................. 1,173
12 International Business Machines Corp. ............ 1,237
21 Medtronic, Inc. .................................. 1,090
45 Microsoft Corp. .................................. 1,335
45 Nokia Corp. (D)................................... 1,131
65 Oracle Corp. (D).................................. 1,226
18 Qualcomm, Inc. ................................... 771
6 Research In Motion Ltd. (D)....................... 803
-------
21,612
-------
UTILITIES -- 1.5%
13 Exelon Corp. ..................................... 943
-------
Total common stock
(cost $57,571).................................. $60,462
-------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 15.6%
REPURCHASE AGREEMENTS -- 2.0%
$ 409 Banc of America TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 409
152 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 152
5 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 5
203 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 203
464 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 464
-------
1,233
-------
</Table>
The accompanying notes are an integral part of these financial statements.
146
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
SHORT-TERM INVESTMENTS -- (CONTINUED)
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 13.6%
CASH COLLATERAL REINVESTMENT FUND:
8,528 Navigator Prime Portfolio......................... $ 8,528
-------
Total short-term investments
(cost $9,761)................................... $ 9,761
-------
Total investments in securities
(cost $67,332) (C).............................. $70,223
=======
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 15.23% of total net assets at April 30, 2007.
(C) At April 30, 2007, the cost of securities for federal income tax purposes
was $67,798 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation.......................... $3,026
Unrealized depreciation.......................... (601)
------
Net unrealized appreciation...................... $2,425
======
</Table>
(D) Currently non-income producing.
(G) Security is partially on loan at April 30, 2007.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
The accompanying notes are an integral part of these financial statements.
147
THE HARTFORD GLOBAL COMMUNICATIONS FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 91.3%
BRAZIL -- 6.7%
60 Brasil Telecom S.A. ADR........................... $ 1,107
51 Tele Norte Leste Participacoes S.A. ADR (G)....... 828
14 Tim Participacoes S.A. ADR........................ 487
-------
2,422
-------
CANADA -- 8.6%
123 Nortel Networks Corp. (D)......................... 2,812
5 Telus Corp. ...................................... 288
-------
3,100
-------
CHINA -- 1.9%
1,426 China Telecom Corp., Ltd. (A)..................... 676
-------
EGYPT -- 2.8%
10 Mobinil-Egyptian Mobile Service................... 290
11 Orascom Telecom Holding SAE GDR................... 727
-------
1,017
-------
FRANCE -- 7.1%
62 France Telecom S.A. (A)(G)........................ 1,821
5 Iliad S.A. (A).................................... 502
6 Neuf Cegetel (D)(A)............................... 258
-------
2,581
-------
INDONESIA -- 2.8%
22 P.T. Telekomunikasi Indonesia ADR................. 1,015
-------
ISRAEL -- 3.1%
13 Cellcom Israel Ltd. (D)........................... 258
53 Partner Communications Co., Ltd. ADR (G).......... 857
-------
1,115
-------
ITALY -- 0.3%
45 Telecom Italia S.p.A. (A)(G)...................... 110
-------
LUXEMBOURG -- 6.1%
52 Citigroup Global Certificate -- Bharti
Televentures.................................... 1,020
15 Millicom International Cellular S.A. (D)(G)....... 1,203
-------
2,223
-------
MOROCCO -- 0.0%
1 Maroc Telecom (A)................................. 13
-------
NORWAY -- 5.1%
99 Telenor ASA (A)(G)................................ 1,835
-------
RUSSIA -- 11.5%
41 AFK Sistema GDR................................... 1,172
23 Mobile Telesystems OJSC ADR....................... 1,245
18 Vimpel-Communications ADR (D)..................... 1,751
-------
4,168
-------
SOUTH AFRICA -- 6.0%
108 MTN Group Ltd. (A)................................ 1,571
6 Telkom South Africa Ltd. ADR (G).................. 603
-------
2,174
-------
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
SPAIN -- 4.2%
23 Telefonica S.A. ADR............................... $ 1,535
-------
TURKEY -- 4.7%
122 Turkcell Iletisim Hizmet A.S. ADR................. 1,720
-------
UNITED STATES -- 20.4%
32 Atlantic Tele-Network, Inc. ...................... 798
1 Cablevision Systems Corp. (D)..................... 39
25 Leap Wireless International, Inc. (D)............. 1,924
18 MetroPCS Communications, Inc. (D)................. 500
16 Neustar, Inc. (D)................................. 449
41 NII Holdings, Inc. Class B (D).................... 3,161
49 Syniverse Holdings, Inc. (D)...................... 504
-------
7,375
-------
Total common stock
(cost $27,651).................................. $33,079
-------
PREFERRED STOCKS -- 3.2%
BRAZIL -- 3.2%
16 Telecomunicacoes de Sao Paulo S.A. (G)............ $ 435
31 Telemar Norte Leste S.A. ......................... 720
-------
Total preferred stocks
(cost $1,075)................................... $ 1,155
-------
Total long-term investments
(cost $28,726).................................. $34,234
-------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 18.1%
REPURCHASE AGREEMENTS -- 3.1%
$ 373 Banc of America Securities TriParty Joint
Repurchase Agreement,
5.24%, 05/01/2007............................... $ 373
138 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 138
4 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 4
185 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 185
422 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 422
-------
1,122
-------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 15.0%
CASH COLLATERAL REINVESTMENT FUND:
5,419 BNY Institutional Cash Reserve Fund............... 5,419
-------
Total short-term investments
(cost $6,541)................................... $ 6,541
-------
Total investments in securities
(cost $35,267) (C).............................. $40,775
=======
</Table>
The accompanying notes are an integral part of these financial statements.
148
- --------------------------------------------------------------------------------
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 74.11% of total net assets at April 30, 2007.
(A) The aggregate value of securities valued in good faith at fair value by,
or under the direction of, the Funds' Board of Directors at April 30,
2007, was $6,786, which represents 18.72% of total net assets.
(C) At April 30, 2007, the cost of securities for federal income tax purposes
was $35,456 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation.......................... $6,210
Unrealized depreciation.......................... (891)
------
Net unrealized appreciation...................... $5,319
======
</Table>
(D) Currently non-income producing.
(G) Security is partially on loan at April 30, 2007.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
The accompanying notes are an integral part of these financial statements.
149
THE HARTFORD GLOBAL FINANCIAL SERVICES FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 96.3%
AUSTRALIA -- 2.2%
34 Westpac Banking Corp. (A)......................... $ 764
-------
BRAZIL -- 1.2%
11 Banco Itau Holding................................ 424
-------
CANADA -- 5.2%
16 Bank of Montreal.................................. 970
4 Canadian Imperial Bank of Commerce................ 334
19 Canadian Western Bank............................. 419
3 Gluskin Sheff Associates, Inc. ................... 70
-------
1,793
-------
FRANCE -- 1.5%
30 Fimatex S.A. (D)(A)............................... 524
-------
GERMANY -- 4.1%
8 Muenchener Rueckversicherungs-Gesellschaft AG
(A)............................................. 1,402
-------
ITALY -- 6.8%
115 Intesa Sanpaolo (D)(A)............................ 960
135 UniCredito Italiano S.p.A. (A).................... 1,391
-------
2,351
-------
LIECHTENSTEIN -- 1.1%
1 Verwalt & Privat-Bank AG (A)...................... 385
-------
NETHERLANDS -- 6.0%
34 Aegon N.V. (A)(H)................................. 707
29 ING Groep N.V. (A)................................ 1,341
-------
2,048
-------
NORWAY -- 0.9%
25 Sparebanken Midt-Norge............................ 324
-------
SWITZERLAND -- 13.7%
14 Credit Suisse Group (A)........................... 1,098
24 Julius Baer Holding Ltd. (A)...................... 1,643
1 Swiss Life Holding (A)............................ 334
25 UBS AG (A)........................................ 1,629
-------
4,704
-------
UNITED KINGDOM -- 13.4%
172 Aberdeen Asset Management plc (A)................. 751
95 Amvescap plc (A).................................. 1,120
42 Kensington Group plc (A).......................... 473
228 Old Mutual plc (A)................................ 808
48 Paragon Group Companies plc (A)................... 523
25 Royal Bank of Scotland Group plc (A).............. 942
-------
4,617
-------
UNITED STATES -- 40.2%
11 ACE Ltd. ......................................... 636
2 Alleghany Corp. (D)............................... 657
32 Bank of America Corp. ............................ 1,624
13 Capital One Financial Corp. ...................... 936
32 Citigroup, Inc. .................................. 1,721
8 Comerica, Inc. ................................... 464
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
UNITED STATES -- (CONTINUED)
16 Commerce Bancorp, Inc. ........................... $ 548
13 Countrywide Financial Corp. ...................... 482
34 E*Trade Financial Corp. (D)....................... 753
21 FirstMerit Corp. (G).............................. 446
13 MBIA, Inc. ....................................... 926
11 PNC Financial Services Group, Inc. ............... 800
12 Reinsurance Group of America, Inc. ............... 723
11 Signature Bank (D)................................ 355
14 State Street Corp. ............................... 971
18 Unum Group........................................ 453
14 Wachovia Corp. ................................... 788
11 Webster Financial Corp. .......................... 493
-------
13,776
-------
Total common stock
(cost $28,292).................................. $33,112
-------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 3.9%
REPURCHASE AGREEMENTS -- 3.0%
$340 Banc of America Securities TriParty Joint
Repurchase Agreement,
5.24%, 05/01/2007............................... $ 340
169 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 169
4 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 4
126 BNP Paribas Securities Corp. TriParty Securities
Joint Repurchase Agreement,
5.23%, 05/01/2007............................... 125
385 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 385
-------
1,023
-------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 0.9%
CASH COLLATERAL REINVESTMENT FUND:
316 Mellon GSL DBTII Collateral Fund.................. 315
-------
Total short-term investments
(cost $1,338)................................... $ 1,338
-------
Total investments in securities
(cost $29,630) (C).............................. $34,450
=======
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 56.23% of total net assets at April 30, 2007.
(A)The aggregate value of securities valued in good faith at fair value
by, or under the direction of, the Funds' Board of Directors at April 30,
2007, was $16,795, which represents 48.84% of total net assets.
The accompanying notes are an integral part of these financial statements.
150
- --------------------------------------------------------------------------------
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $29,696 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation.......................... $5,107
Unrealized depreciation.......................... (353)
------
Net unrealized appreciation...................... $4,754
======
</Table>
(D)Currently non-income producing.
(G)Security is partially on loan at April 30, 2007.
(H)The following securities are considered illiquid. Illiquid securities
are often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD COST
ACQUIRED SHARES/PAR SECURITY BASIS
-------- ---------- -------- -----
11/2006-2/2007 34 Aegon N.V. $656
</Table>
The aggregate value of these securities at April 30, 2007 was $707,
which represents 0.06% of total net assets.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
151
THE HARTFORD GLOBAL HEALTH FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ----------
COMMON STOCK -- 96.0%
AGENCIES, BROKERAGES, OTHER INSURANCE ACTIVITIES -- 0.6%
70 Medco Health Solutions, Inc. (D).................. $ 5,469
----------
DRUGS & DRUGGISTS SUNDRIES WHOLESALERS -- 5.0%
233 Cardinal Health, Inc. ............................ 16,312
485 McKesson Corp. ................................... 28,527
----------
44,839
----------
GENERAL MEDICAL AND SURGICAL HOSPITALS -- 1.0%
143 Universal Health Services, Inc. Class B........... 8,677
----------
HEALTH AND PERSONAL CARE STORES -- 1.2%
181 Longs Drug Stores Corp. .......................... 9,924
213 Rite Aid Corp. (D)(G)............................. 1,307
----------
11,231
----------
INSURANCE CARRIERS -- 8.4%
123 Cigna Corp. ...................................... 19,200
331 Health Net, Inc. (D)(G)........................... 17,872
402 UnitedHealth Group, Inc. ......................... 21,317
209 Wellpoint, Inc. (D)............................... 16,528
----------
74,917
----------
MEDICAL EQUIPMENT & SUPPLIES MANUFACTURING -- 5.4%
115 Arrow International, Inc. ........................ 3,665
366 Baxter International, Inc. ....................... 20,727
456 St. Jude Medical, Inc. (D)........................ 19,491
33 Synthes, Inc. (A)................................. 4,304
----------
48,187
----------
NAVIGATE, MEASURE, CONTROL INSTRUMENT MANUFACTURING -- 6.9%
225 Beckman Coulter, Inc. ............................ 14,120
895 Medtronic, Inc. .................................. 47,356
----------
61,476
----------
NURSING CARE FACILITIES -- 1.2%
166 Manor Care, Inc. ................................. 10,746
----------
PHARMACEUTICAL & MEDICINE MANUFACTURING -- 57.6%
885 Abbott Laboratories............................... 50,109
119 Amgen, Inc. (D)................................... 7,658
380 Amylin Pharmaceuticals, Inc. (D)(G)............... 15,710
525 Astellas Pharma, Inc. (A)......................... 22,944
401 AstraZeneca plc ADR............................... 21,800
150 AtheroGenics, Inc. (D)(G)......................... 503
208 Barr Pharmaceuticals, Inc. (D).................... 10,049
794 Bristol-Myers Squibb Co. ......................... 22,918
220 Cephalon, Inc. (D)(G)............................. 17,534
894 Cytokinetics, Inc. (D)(G)......................... 5,909
884 Daiichi Sankyo Co., Ltd. (A)(G)................... 26,370
509 Eisai Co., Ltd. (A)(G)............................ 24,151
928 Elan Corp. plc ADR (D)............................ 12,882
334 Eli Lilly & Co. .................................. 19,732
260 Forest Laboratories, Inc. (D)(G).................. 13,856
253 Gilead Sciences, Inc. (D)......................... 20,692
150 H. Lundbeck A/S (A)(G)............................ 3,610
207 Hospira, Inc. (D)................................. 8,402
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ----------
PHARMACEUTICAL & MEDICINE MANUFACTURING -- (CONTINUED)
138 Ipsen (A)......................................... $ 7,340
204 MedImmune, Inc. (D)(G)............................ 11,574
193 Merck & Co., Inc. ................................ 9,933
798 MGI Pharma, Inc. (D)(G)........................... 17,576
124 NPS Pharmaceuticals, Inc. (D)(G).................. 492
288 Pharmion Corp. (D)(G)............................. 8,730
326 Progenics Pharmaceuticals, Inc. (D)(G)............ 7,899
694 Sanofi-Aventis S.A. ADR........................... 31,822
1,651 Schering-Plough Corp. ............................ 52,380
1,216 Shionogi & Co., Ltd. (A)(G)....................... 23,697
302 Teva Pharmaceutical Industries Ltd. ADR........... 11,554
307 UCB S.A. (A)(G)................................... 18,290
309 Vertex Pharmaceuticals, Inc. (D)(G)............... 9,493
----------
515,609
----------
PROFESSIONAL SERVICES -- COMPUTER SYSTEM DESIGN &
RELATED -- 0.9%
272 IMS Health, Inc. ................................. 7,973
----------
SCIENTIFIC RESEARCH & DEVELOPMENT SERVICES -- 7.8%
474 Applera Corp. -- Celera Genomics Group (D)........ 6,637
667 Ciphergen Biosystems, Inc. (D)(G)................. 961
505 CV Therapeutics, Inc. (D)(G)...................... 4,256
509 Exelixis, Inc. (D)(G)............................. 5,462
630 Human Genome Sciences, Inc. (D)(G)................ 6,782
378 Incyte Corp. (D)(G)............................... 2,917
399 Medicines Co. (D)(G).............................. 9,085
1,673 Millennium Pharmaceuticals, Inc. (D)(G)........... 18,535
281 Regeneron Pharmaceuticals, Inc. (D)(G)............ 7,651
536 Zymogenetics, Inc. (D)(G)......................... 8,017
----------
70,303
----------
Total common stock
(cost $717,639)................................. $ 859,427
----------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 18.6%
REPURCHASE AGREEMENTS -- 2.8%
$ 8,267 Banc of America Securities TriParty Joint
Repurchase Agreement,
5.24%, 05/01/2007............................... $ 8,267
3,062 BNP Paribas Securities TriParty Joint Repurchase
Agreement,
5.23%, 05/01/2007............................... 3,062
96 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 96
4,102 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 4,102
9,368 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 9,368
----------
24,895
----------
</Table>
The accompanying notes are an integral part of these financial statements.
152
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
SHORT-TERM INVESTMENTS -- (CONTINUED)
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 15.8%
CASH COLLATERAL REINVESTMENT FUND:
141,120 Navigator Prime Portfolio......................... $ 141,120
----------
<Caption>
PRINCIPAL
AMOUNT
- ---------
U.S. TREASURY SECURITIES:
$ 46 U.S. Treasury Bond,
8.00%, 11/15/2021............................... 62
3 U.S. Treasury Note,
3.38%, 11/15/2008............................... 3
30 U.S. Treasury Note,
3.50%, 12/15/2009............................... 29
----------
94
----------
141,214
----------
Total short-term investments
(cost $166,109)................................. $ 166,109
----------
Total investments in securities
(cost $883,748) (C)............................. $1,025,536
==========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 22.85% of total net assets at April 30, 2007.
(A) The aggregate value of securities valued in good faith at fair value by,
or under the direction of, the Funds' Board of Directors at April 30,
2007, was $130,706, which represents 14.60% of total net assets.
(C) At April 30, 2007, the cost of securities for federal income tax purposes
was $885,185 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................ $153,939
Unrealized depreciation........................ (13,588)
--------
Net unrealized appreciation.................... $140,351
========
</Table>
(D) Currently non-income producing.
(G) Security is partially on loan at April 30, 2007.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
The accompanying notes are an integral part of these financial statements.
153
THE HARTFORD GLOBAL LEADERS FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 100.1%
AUSTRIA -- 1.3%
123 Erste Bank Der Oesterreichischen Sparkassen AG
(A)............................................. $ 9,842
--------
BRAZIL -- 1.4%
251 Companhia Vale do Rio Doce ADR.................... 10,193
--------
CANADA -- 3.9%
202 Cameco Corp. ..................................... 9,436
92 Research In Motion Ltd. (D)....................... 12,105
95 Suncor Energy, Inc. .............................. 7,622
--------
29,163
--------
CHINA -- 0.5%
216 China CITIC Bank (D).............................. 181
1,529 China Merchants Bank Co., Ltd. (A)(D)............. 3,721
--------
3,902
--------
DUTCH ANTILLES -- 2.2%
230 Schlumberger Ltd. (G)............................. 16,944
--------
FRANCE -- 4.7%
78 Accor S.A. (A)(G)................................. 7,333
61 Alstom RGPT (A)(D)................................ 9,119
29 Pinault-Printemps-Redoute S.A. (A)................ 4,967
169 Veolia Environment S.A. (A)....................... 13,977
--------
35,396
--------
GERMANY -- 4.6%
57 Deutsche Boerse AG (A)............................ 13,398
51 Fresenius Medical Care AG & Co. (A)............... 7,579
203 KarstadtQuelle AG (A)(D).......................... 7,802
50 Siemens AG (A).................................... 6,087
--------
34,866
--------
GREECE -- 0.7%
100 National Bank of Greece (A)....................... 5,591
--------
IRELAND -- 2.5%
751 Elan Corp. plc ADR (D)(G)......................... 10,429
186 Ryanair Holdings plc ADR (D)(G)................... 8,690
--------
19,119
--------
JAPAN -- 10.2%
155 Eisai Co., Ltd. (A)(G)............................ 7,343
2 Japan Tobacco, Inc. (A)........................... 8,323
51 Nintendo Co., Ltd. (A)............................ 15,775
36 ORIX Corp. (A).................................... 9,652
20 Rakuten, Inc. (A)................................. 8,185
389 Softbank Corp. (A)(D)(G).......................... 8,352
1 Sumitomo Mitsui Financial Group, Inc. (A)......... 7,033
326 Sumitomo Realty & Development Co., Ltd. (A)....... 12,033
--------
76,696
--------
LUXEMBOURG -- 0.3%
25 Millicom International Cellular S.A. (D).......... 2,048
--------
MEXICO -- 1.1%
156 America Movil S.A.B de CV ADR..................... 8,184
--------
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
NETHERLANDS -- 2.9%
291 ASML Holding N.V. (A)(D).......................... $ 7,900
249 Royal Numico N.V. (A)(H).......................... 13,735
--------
21,635
--------
RUSSIA -- 1.0%
182 OAO Gazprom ADR (K)............................... 7,255
--------
SOUTH KOREA -- 1.2%
136 LG Electronics, Inc. (A)(D)....................... 9,082
--------
SPAIN -- 1.0%
216 Gamesa Corporacion Tecnologica S.A. (A)........... 7,429
--------
SWITZERLAND -- 3.7%
531 ABB Ltd. (G)(A)................................... 10,611
80 Julius Baer Holding Ltd. (A)...................... 5,588
29 Nestle S.A. (A)(G)................................ 11,518
--------
27,717
--------
TAIWAN -- 0.9%
1,086 Hon Hai Precision Industry Co., Ltd. (A).......... 7,162
--------
UNITED KINGDOM -- 9.7%
961 Amvescap plc (A).................................. 11,281
1,301 Man Group plc (A)................................. 14,564
254 Reckitt Benckiser plc (A)......................... 13,899
2,587 Tesco plc (A)..................................... 23,790
183 Xstrata plc (A)................................... 9,507
--------
73,041
--------
UNITED STATES -- 46.3%
428 Activision, Inc. (D).............................. 8,562
261 Adobe Systems, Inc. (D)........................... 10,864
131 Akamai Technologies, Inc. (D)..................... 5,757
461 American Tower Corp. Class A (D).................. 17,518
109 Apple, Inc. (D)................................... 10,878
161 Best Buy Co., Inc. ............................... 7,515
147 Boeing Co. ....................................... 13,671
81 Celgene Corp. (D)................................. 4,960
526 Cisco Systems, Inc. (D)........................... 14,071
592 Comcast Corp. Class A (D)......................... 15,780
627 Corning, Inc. (D)................................. 14,872
131 Danaher Corp. .................................... 9,304
357 E*Trade Financial Corp. (D)....................... 7,889
229 eBay, Inc. (D).................................... 7,779
184 Electronic Arts, Inc. (D)......................... 9,250
96 Eli Lilly & Co. .................................. 5,676
670 EMC Corp. (D)..................................... 10,171
105 General Dynamics Corp. ........................... 8,266
118 Gilead Sciences, Inc. (D)......................... 9,610
53 Goldman Sachs Group, Inc. ........................ 11,543
40 Google, Inc. (D).................................. 18,902
179 Hewlett-Packard Co. .............................. 7,535
185 Las Vegas Sands Corp. (D)(G)...................... 15,735
24 MetroPCS Communications, Inc. (D)................. 661
239 Monsanto Co. ..................................... 14,081
252 Network Appliance, Inc. (D)....................... 9,392
75 Noble Corp. ...................................... 6,274
</Table>
The accompanying notes are an integral part of these financial statements.
154
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
UNITED STATES -- (CONTINUED)
596 Oracle Corp. (D).................................. $ 11,209
673 Schering-Plough Corp. ............................ 21,357
390 St. Jude Medical, Inc. (D)........................ 16,671
102 Suntech Power Holdings Co., Ltd. ADR (D).......... 3,704
219 Wyeth............................................. 12,132
89 Zimmer Holdings, Inc. (D)......................... 8,062
--------
349,651
--------
Total common stock
(cost $620,768)................................. $754,916
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 7.3%
REPURCHASE AGREEMENTS -- 0.1%
$ 116 Banc of America TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 116
43 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 43
1 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 1
58 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 58
131 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 131
--------
349
--------
<Caption>
SHARES
- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 7.2%
CASH COLLATERAL REINVESTMENT FUND:
54,386 BNY Institutional Cash Reserve Fund............... 54,383
--------
Total short-term investments
(cost $54,732).................................. $ 54,732
--------
Total investments in securities
(cost $675,500) (C)............................. $809,648
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 53.74% of total net assets at April 30, 2007.
(A)The aggregate value of securities valued in good faith at fair value
by, or under the direction of, the Funds' Board of Directors at April 30,
2007, was $312,178, which represents 41.40% of total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $683,272 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................ $134,274
Unrealized depreciation........................ (7,898)
--------
Net unrealized appreciation.................... $126,376
========
</Table>
(D)Currently non-income producing.
(G)Security is partially on loan at April 30, 2007.
(H)The following securities are considered illiquid. Illiquid securities
are often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD
ACQUIRED SHARES/PAR SECURITY COST BASIS
-------- ---------- -------- ----------
7/2004 249 Royal Numico N.V. $12,524
</Table>
The aggregate value of these securities at April 30, 2007 was
$13,735, which represents 1.82% of total net assets.
(K) Securities contain some restrictions as to public resale. These
securities comply with Regulation S, rules governing offers and sales made
outside the United States without registration under the Securities Act of
1933, and are determined to be liquid. At April 30, 2007, the market value
of these securities amounted to $7,255 or 0.96% of total net assets.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
FORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
MARKET CONTRACT DELIVERY APPRECIATION
DESCRIPTION TRANSACTION VALUE AMOUNT DATE (DEPRECIATION)
- ----------- ----------- ------ -------- ---------- --------------
Euro Buy $1,314 $1,310 05/02/2007 $4
Hong Kong Dollars Buy 1,064 1,064 05/02/2007 --
--
$4
==
</Table>
The accompanying notes are an integral part of these financial statements.
155
THE HARTFORD GLOBAL TECHNOLOGY FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 98.1%
ACTIVITIES RELATED TO CREDIT BANKING -- 1.9%
54 Western Union Co. ................................ $ 1,139
-------
AUDIO AND VIDEO EQUIPMENT -- 1.4%
16 Sony Corp. (A).................................... 824
-------
BUSINESS SUPPORT SERVICES -- 1.1%
23 Iron Mountain, Inc. (D)(G)........................ 648
-------
COMMUNICATIONS EQUIPMENT -- 10.2%
41 Cisco Systems, Inc. (D)........................... 1,086
13 Polycom, Inc. (D)................................. 419
45 Qualcomm, Inc. ................................... 1,988
20 Research In Motion Ltd. (D)....................... 2,632
-------
6,125
-------
COMPUTER AND PERIPHERAL -- 24.7%
32 Apple, Inc. (D)................................... 3,204
144 EMC Corp. (D)..................................... 2,190
126 Hewlett-Packard Co. .............................. 5,314
342 Hon Hai Precision Industry Co., Ltd. (A).......... 2,255
18 International Business Machines Corp. ............ 1,860
-------
14,823
-------
ELECTRICAL EQUIPMENT MANUFACTURING -- COMPONENT OTHER -- 3.4%
86 Corning, Inc. (D)................................. 2,035
-------
EMPLOYMENT SERVICES -- 3.3%
12 Manpower, Inc. ................................... 971
31 Robert Half International, Inc. .................. 1,019
-------
1,990
-------
MACHINERY MANUFACTURING -- INDUSTRIAL MACHINERY -- 6.4%
21 KLA-Tencor Corp. ................................. 1,139
50 Lam Research Corp. (D)............................ 2,694
-------
3,833
-------
MANAGEMENT, SCIENTIFIC, AND TECH CONSULTING SERVICES -- 3.7%
34 Accenture Ltd. Class A............................ 1,325
21 Monster Worldwide, Inc. (D)....................... 870
-------
2,195
-------
ON LINE INFORMATION SERVICES -- 6.4%
7 Google, Inc. (D).................................. 3,206
28 Juniper Networks, Inc. (D)........................ 628
-------
3,834
-------
PROFESSIONAL SERVICES -- ACCOUNTING, TAX PREP, PAYROLL --1.1%
19 Paychex, Inc. .................................... 686
-------
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
PROFESSIONAL SERVICES -- COMPUTER SYSTEM DESIGN &
RELATED -- 5.7%
32 Automatic Data Processing, Inc. .................. $ 1,428
43 BISYS Group, Inc. (D)............................. 499
19 DST Systems, Inc. (D)(G).......................... 1,514
-------
3,441
-------
SEMICONDUCTOR, ELECTRONIC COMPONENT -- 11.7%
42 Altera Corp. (D).................................. 949
36 ASML Holding N.V. (D)(A).......................... 966
48 Maxim Integrated Products, Inc. .................. 1,507
31 S.O.I. Tec S.A. (D)(A)............................ 716
30 Semtech Corp. (D)................................. 431
47 Texas Instruments, Inc. .......................... 1,619
40 Trident Microsystems, Inc. (D).................... 851
-------
7,039
-------
SOFTWARE PUBLISHERS -- 13.4%
74 Activision, Inc. (D).............................. 1,478
31 Adobe Systems, Inc. (D)........................... 1,272
36 Electronic Arts, Inc. (D)......................... 1,835
64 Microsoft Corp. .................................. 1,901
31 Oracle Corp. (D).................................. 588
46 Red Hat, Inc. (D)(G).............................. 964
-------
8,038
-------
WHOLESALERS -- ELECTRICAL & ELECTRONIC MERCHANDISE -- 2.4%
22 LG Electronics, Inc. (D)(A)....................... 1,442
-------
WIRELESS COMMUNICATIONS SERVICES -- 1.3%
105 Sonus Networks, Inc. (D).......................... 809
-------
Total common stock
(cost $50,397).................................. $58,901
-------
WARRANTS -- 0.9%
OTHER PERSONAL SERVICES -- 0.9%
9 Tata Consultancy Services Ltd. (D) (I)............ $ 548
-------
Total warrants
(cost $267)..................................... 548
-------
Total long-term investments
(cost $50,664).................................. $59,449
-------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 4.8%
REPURCHASE AGREEMENTS -- 0.4%
$ 85 Banc of America TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 85
31 BNP Paribas TriParty Joint Repurchase Agreement,
5.23%, 05/01/2007............................... 31
1 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 1
</Table>
The accompanying notes are an integral part of these financial statements.
156
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
SHORT-TERM INVESTMENTS -- (CONTINUED)
REPURCHASE AGREEMENTS -- (CONTINUED)
$ 42 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 42
96 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 96
-------
$ 255
-------
SHARES
------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 4.4%
CASH COLLATERAL REINVESTMENT FUND:
2,629 BNY Institutional Cash Reserve Fund............... 2,629
-------
Total short-term investments
(cost $2,884)................................... $ 2,884
-------
Total investments in securities
(cost $53,548) (C).............................. $62,333
=======
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 15.63% of total net assets at April 30, 2007.
(A)The aggregate value of securities valued in good faith at fair value
by, or under the direction of, the Funds' Board of Directors at April 30,
2007, was $6,203, which represents 10.33% of total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $53,989 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation.......................... $9,013
Unrealized depreciation.......................... (669)
------
Net unrealized appreciation...................... $8,344
======
</Table>
(D)Currently non-income producing.
(G)Security is partially on loan at April 30, 2007.
(I)Securities issued within terms of a private placement
memorandum, exempt from registration under Section 144A of the Securities
Act of 1933, as amended, and may be sold only to qualified institutional
buyers. Pursuant to guidelines adopted by the Board of Directors, these
issues are determined to be liquid. The aggregate value of these securities
at April 30, 2007, was $548, which represents 0.91% of total net assets.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
157
THE HARTFORD GROWTH ALLOCATION FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
AFFILIATED INVESTMENT COMPANIES -- 99.8%
EQUITY FUNDS -- 79.6%
4,357 Hartford Capital Appreciation Fund, Class Y....... $182,700
1,909 Hartford Disciplined Equity Fund, Class Y......... 28,273
2,938 Hartford Equity Income Fund, Class Y.............. 43,420
2,308 Hartford Global Leaders Fund, Class Y............. 48,528
955 Hartford Growth Opportunities Fund, Class Y....... 30,546
2,093 Hartford International Opportunities Fund, Class
Y............................................... 38,591
2,349 Hartford International Small Company Fund, Class
Y............................................... 39,468
3,568 Hartford Select SmallCap Value Fund, Class Y...... 42,249
1,373 Hartford Small Company Fund, Class Y.............. 32,577
9,808 Hartford Value Fund, Class Y...................... 130,440
--------
Total equity funds
(cost $559,172)................................. $616,792
--------
FIXED INCOME FUNDS -- 20.2%
2,168 Hartford Inflation Plus Fund, Class Y............. $ 22,899
5,010 Hartford Short Duration Fund, Class Y............. 49,546
7,780 Hartford Total Return Bond Fund, Class Y.......... 83,786
--------
Total fixed income funds
(cost $155,926)................................. $156,231
--------
Total investments in affiliated investment
companies
(cost $715,098) (C)............................. $773,023
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $715,109 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation......................... $57,923
Unrealized depreciation......................... (9)
-------
Net unrealized appreciation..................... $57,914
=======
</Table>
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
158
THE HARTFORD GROWTH FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ----------
COMMON STOCK -- 99.7%
BASIC MATERIALS -- 6.4%
306 Agrium, Inc. ..................................... $ 11,870
587 Cameco Corp. ..................................... 27,379
208 Companhia Vale do Rio Doce ADR.................... 8,427
152 Freeport-McMoRan Copper & Gold, Inc. ............. 10,208
93 Potash Corp. of Saskatchewan...................... 16,668
----------
74,552
----------
CAPITAL GOODS -- 5.9%
333 ABB Ltd. ADR...................................... 6,638
294 Boeing Co. ....................................... 27,380
89 Deere & Co. ...................................... 9,693
179 Illinois Tool Works, Inc. ........................ 9,184
145 International Game Technology..................... 5,515
109 Parker-Hannifin Corp. ............................ 10,085
----------
68,495
----------
CONSUMER CYCLICAL -- 4.5%
197 Coach, Inc. (D)................................... 9,627
134 Kohl's Corp. (D).................................. 9,923
286 NIKE, Inc. Class B................................ 15,390
715 Staples, Inc. .................................... 17,732
----------
52,672
----------
CONSUMER STAPLES -- 2.4%
1 Japan Tobacco, Inc. (A)........................... 6,301
161 PepsiCo, Inc. .................................... 10,667
179 Procter & Gamble Co. ............................. 11,537
----------
28,505
----------
ENERGY -- 1.0%
291 Halliburton Co. .................................. 9,255
33 Transocean, Inc. (D).............................. 2,886
----------
12,141
----------
FINANCE -- 12.3%
316 Amvescap plc ADR.................................. 7,498
17 Chicago Mercantile Exchange Holdings, Inc. ....... 8,759
416 Commerce Bancorp, Inc. ........................... 13,894
177 Franklin Resources, Inc. ......................... 23,248
43 Goldman Sachs Group, Inc. ........................ 9,341
470 Nasdaq Stock Market, Inc. (D)(G).................. 15,317
319 State Street Corp. ............................... 21,959
481 UBS AG............................................ 31,188
566 Western Union Co. ................................ 11,914
----------
143,118
----------
HEALTH CARE -- 11.7%
208 Abbott Laboratories............................... 11,775
153 Eisai Co., Ltd. (A)............................... 7,273
456 Elan Corp. plc ADR (D)............................ 6,333
83 Gilead Sciences, Inc. (D)......................... 6,749
201 Merck & Co., Inc. ................................ 10,338
194 Monsanto Co. ..................................... 11,418
255 Sanofi-Aventis S.A. ADR (G)....................... 11,678
1,465 Schering-Plough Corp. ............................ 46,478
336 Shionogi & Co., Ltd. (A).......................... 6,553
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ----------
HEALTH CARE -- (CONTINUED)
302 St. Jude Medical, Inc. (D)........................ $ 12,913
168 Vertex Pharmaceuticals, Inc. (D)(G)............... 5,171
----------
136,679
----------
SERVICES -- 15.8%
590 Accenture Ltd. Class A............................ 23,087
204 Alliance Data Systems Corp. (D)................... 12,958
150 Apollo Group, Inc. Class A (D).................... 7,087
445 Autodesk, Inc. (D)................................ 18,365
346 Automatic Data Processing, Inc. .................. 15,506
335 Equifax, Inc. (D)................................. 13,329
206 Fluor Corp. ...................................... 19,669
281 Focus Media Holding Ltd. ADR (D)(G)............... 10,406
100 Manpower, Inc. ................................... 8,035
229 Monster Worldwide, Inc. (D)....................... 9,609
70 Starwood Hotels & Resorts......................... 4,717
191 United Parcel Service, Inc. Class B............... 13,420
158 Viacom, Inc. Class B (D).......................... 6,530
472 Walt Disney Co. .................................. 16,520
124 Waste Management, Inc. ........................... 4,630
----------
183,868
----------
TECHNOLOGY -- 37.0%
730 Activision, Inc. (D).............................. 14,605
417 Adobe Systems, Inc. (D)........................... 17,351
194 Akamai Technologies, Inc. (D)..................... 8,543
658 Altera Corp. (D).................................. 14,830
146 America Movil S.A.B de CV ADR..................... 7,695
314 American Tower Corp. Class A (D).................. 11,942
139 Apple, Inc. (D)................................... 13,892
313 AT&T, Inc. ....................................... 12,105
1,498 Cisco Systems, Inc. (D)........................... 40,067
370 Danaher Corp. .................................... 26,319
202 Electronic Arts, Inc. (D)......................... 10,177
973 EMC Corp. (D)..................................... 14,774
344 General Electric Co. ............................. 12,680
70 Google, Inc. (D).................................. 33,072
333 Hewlett-Packard Co. .............................. 14,041
131 International Business Machines Corp. ............ 13,348
486 Linear Technology Corp. .......................... 18,183
525 Medtronic, Inc. .................................. 27,778
152 MetroPCS Communications, Inc. (D)................. 4,276
798 Network Appliance, Inc. (D)....................... 29,708
167 NII Holdings, Inc. Class B (D).................... 12,849
2,112 Oracle Corp. (D).................................. 39,710
136 Research In Motion Ltd. (D)....................... 17,940
24 Roper Industries, Inc. ........................... 1,358
59 Siemens AG........................................ 7,187
392 Symantec Corp. (D)................................ 6,902
----------
431,332
----------
TRANSPORTATION -- 2.7%
406 General Dynamics Corp. ........................... 31,832
----------
Total common stock
(cost $1,037,996)............................... $1,163,194
----------
</Table>
The accompanying notes are an integral part of these financial statements.
159
THE HARTFORD GROWTH FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 3.0%
REPURCHASE AGREEMENTS -- 0.5%
$ 1,978 Banc of America Securities TriParty Joint
Repurchase Agreement,
5.24%, 05/01/2007............................... $ 1,978
732 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 732
23 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 23
981 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 981
2,241 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 2,241
----------
5,955
----------
<Caption>
SHARES
- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 2.5%
CASH COLLATERAL REINVESTMENT FUND:
29,264 Navigator Prime Portfolio......................... 29,264
----------
Total short-term investments
(cost $35,219).................................. $ 35,219
----------
Total investments in securities
(cost $1,073,215) (C)........................... $1,198,413
==========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 15.49% of total net assets at April 30, 2007.
(A)The aggregate value of securities valued in good faith at fair value
by, or under the direction of, the Funds' Board of Directors at April 30,
2007, was $20,127, which represents 1.73% of total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $1,075,564 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................ $139,448
Unrealized depreciation........................ (16,599)
--------
Net unrealized appreciation.................... $122,849
========
</Table>
(D)Currently non-income producing.
(G)Security is partially on loan at April 30, 2007.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
160
THE HARTFORD GROWTH OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ----------
COMMON STOCK -- 96.1%
BASIC MATERIALS -- 9.9%
449 Cameco Corp. ..................................... $ 20,918
339 Companhia Vale do Rio Doce ADR.................... 13,767
315 Freeport-McMoRan Copper & Gold, Inc. ............. 21,142
513 Jarden Corp. (D).................................. 21,625
555 Owens-Illinois, Inc. (D).......................... 16,694
145 Potash Corp. of Saskatchewan...................... 25,941
78 Rio Tinto plc ADR................................. 18,959
----------
139,046
----------
CAPITAL GOODS -- 1.1%
20 Flowserve Corp. .................................. 1,245
288 Joy Global, Inc. (G).............................. 14,592
----------
15,837
----------
CONSUMER CYCLICAL -- 8.0%
170 Abercrombie & Fitch Co. Class A................... 13,858
372 California Pizza Kitchen, Inc. (D)................ 12,439
200 Foster Wheeler Ltd. (D)........................... 13,780
332 Kohl's Corp. (D).................................. 24,544
560 Mosaic Co. (D).................................... 16,523
317 Saks, Inc. ....................................... 6,638
362 Tiffany & Co. (G)................................. 17,278
136 Under Armour, Inc. Class A (D)(G)................. 6,863
----------
111,923
----------
CONSUMER STAPLES -- 2.3%
204 Bunge Ltd. Finance Corp. (G)...................... 15,425
784 Tyson Foods, Inc. Class A......................... 16,437
----------
31,862
----------
ENERGY -- 4.9%
482 Chesapeake Energy Corp. .......................... 16,257
204 ConocoPhillips Holding Co. ....................... 14,120
231 EOG Resources, Inc. (G)........................... 16,994
245 Halliburton Co. .................................. 7,791
242 Ultra Petroleum Corp. (D)......................... 13,715
----------
68,877
----------
FINANCE -- 6.6%
537 AMVESCAP plc ADR.................................. 12,723
551 Covanta Holding Corp. (D)......................... 13,514
853 Cyrela Brazil Realty S.A. ........................ 9,197
647 E*Trade Financial Corp. (D)....................... 14,288
526 Nasdaq Stock Market, Inc. (D)..................... 17,117
213 UBS AG............................................ 13,830
154 Wellpoint, Inc. (D)............................... 12,130
----------
92,799
----------
HEALTH CARE -- 20.0%
501 Alkermes, Inc. (D)................................ 8,233
393 Amylin Pharmaceuticals, Inc. (D)(G)............... 16,243
252 AtheroGenics, Inc. (D)(G)......................... 843
411 Auxilium Pharmaceuticals, Inc. (D)(G)............. 6,112
234 Cephalon, Inc. (D)(G)............................. 18,629
208 Charles River Laboratories International, Inc.
(D)............................................. 9,837
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ----------
HEALTH CARE -- (CONTINUED)
312 Dade Behring Holdings, Inc. ...................... $ 15,322
378 Digene Corp. (D).................................. 17,331
205 Eisai Co., Ltd. (A)(G)............................ 9,713
658 Elan Corp. plc ADR (D)(G)......................... 9,129
225 Eli Lilly & Co. .................................. 13,322
128 Gilead Sciences, Inc. (D)(G)...................... 10,485
382 Kyphon, Inc. (D)(G)............................... 17,824
244 Luxottica Group S.p.A. (A)(G)..................... 8,483
173 Medicines Co. (D)................................. 3,950
278 Merck & Co., Inc. ................................ 14,311
229 Monsanto Co. ..................................... 13,479
1,125 Schering-Plough Corp. ............................ 35,680
677 Shionogi & Co., Ltd. (A).......................... 13,197
462 St. Jude Medical, Inc. (D)........................ 19,778
369 Teva Pharmaceutical Industries Ltd. ADR........... 14,140
116 Vertex Pharmaceuticals, Inc. (D).................. 3,560
----------
279,601
----------
SERVICES -- 11.5%
1,069 Allied Waste Industries, Inc. (D)(G).............. 14,289
507 DreamWorks Animation SKG, Inc. (D)................ 14,845
323 Equifax, Inc. (D)(G).............................. 12,867
122 Fluor Corp. ...................................... 11,666
515 Focus Media Holding Ltd. ADR (D)(G)............... 19,048
267 KBR, Inc. (D)..................................... 5,520
176 Manpower, Inc. ................................... 14,108
359 MoneyGram International, Inc. .................... 10,215
904 Net Servicos de Comunicacao S.A. (G).............. 13,501
352 TeleTech Holdings, Inc. (D)....................... 13,270
838 Tetra Technologies, Inc. (D)...................... 17,455
372 Waste Management, Inc. ........................... 13,917
----------
160,701
----------
TECHNOLOGY -- 28.1%
1,575 Activision, Inc. (D).............................. 31,496
508 Adobe Systems, Inc. (D)........................... 21,108
308 American Tower Corp. Class A (D).................. 11,719
142 Apple, Inc. (D)................................... 14,162
1,037 Corning, Inc. (D)................................. 24,605
1,166 EMC Corp. (D)..................................... 17,698
360 Garmin Ltd. (G)................................... 20,931
430 General Electric Co. ............................. 15,853
359 Hewlett-Packard Co. .............................. 15,120
276 Hologic, Inc. (D)................................. 15,901
221 Leap Wireless International, Inc. (D)............. 16,869
415 Microsoft Corp. .................................. 12,434
872 Network Appliance, Inc. (D)....................... 32,462
174 NII Holdings, Inc. Class B (D).................... 13,316
520 Nortel Networks Corp. (D)......................... 11,898
471 NVIDIA Corp. (D).................................. 15,491
1,321 O2Micro International Ltd. ADR (D)................ 13,683
1,203 Oracle Corp. (D).................................. 22,616
344 Qualcomm, Inc. ................................... 15,058
337 Red Hat, Inc. (D)(G).............................. 7,126
120 Research In Motion Ltd. (D)....................... 15,829
</Table>
The accompanying notes are an integral part of these financial statements.
161
THE HARTFORD GROWTH OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ----------
COMMON STOCK -- (CONTINUED)
TECHNOLOGY -- (CONTINUED)
560 VeriFone Holdings, Inc. (D)(G).................... $ 19,744
271 Verint Systems, Inc. (D).......................... 7,787
----------
392,906
----------
TRANSPORTATION -- 1.4%
244 General Dynamics Corp. ........................... 19,161
----------
UTILITIES -- 2.3%
424 Suntech Power Holdings Co., Ltd. ADR (D)(G)....... 15,383
196 Veolia Environment S.A. (A)(G).................... 16,216
----------
31,599
----------
Total common stock
(cost $1,118,567)............................... $1,344,312
----------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 18.1%
REPURCHASE AGREEMENTS -- 4.5%
$ 20,678 Banc of America Securities TriParty Joint
Repurchase Agreement,
5.24%, 05/01/2007............................... $ 20,678
7,658 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 7,658
241 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 241
10,262 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 10,262
23,435 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 23,435
----------
62,274
----------
<Caption>
MARKET
SHARES VALUE (W)
- --------- ----------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 13.6%
CASH COLLATERAL REINVESTMENT FUND:
190,415 BNY Institutional Cash Reserve Fund............... $ 190,415
----------
Total short-term investments
(cost $252,689)................................. $ 252,689
----------
Total investments in securities
(cost $1,371,256) (C)........................... $1,597,001
==========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 17.24% of total net assets at April 30, 2007.
(A)The aggregate value of securities valued in good faith at fair value
by, or under the direction of, the Funds' Board of Directors at April 30,
2007, was $47,609, which represents 3.40% of total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $1,373,582 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................ $231,010
Unrealized depreciation........................ (7,591)
--------
Net unrealized appreciation.................... $223,419
========
</Table>
(D)Currently non-income producing.
(G)Security is partially on loan at April 30, 2007.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
162
THE HARTFORD HIGH YIELD FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -- 1.8%
FINANCE -- 0.5%
$ 6,998 CBA Commercial Small Balance Commercial Mortgage,
9.75%, 01/25/2039 (I)(P)........................ $ 700
920 Soundview NIM Trust,
8.25%, 12/25/2036 (I)........................... 848
--------
1,548
--------
TRANSPORTATION -- 1.3%
691 American Airlines, Inc.,
7.38%, 05/23/2019............................... 685
546 Continental Airlines, Inc.,
6.80%, 08/02/2018............................... 544
1,241 Continental Airlines, Inc.,
7.37%, 12/15/2015............................... 1,260
1,083 Continental Airlines, Inc.,
8.39%, 11/01/2020 #............................. 1,148
--------
3,637
--------
Total asset & commercial
mortgage backed securities
(cost $4,940)................................... $ 5,185
--------
CORPORATE BONDS: NON-INVESTMENT GRADE -- 91.3%
BASIC MATERIALS -- 14.0%
1,500 Abitibi-Consolidated, Inc.,
8.85%, 06/15/2011 (L)........................... $ 1,470
1,645 AK Steel Corp.,
7.75%, 06/15/2012............................... 1,698
1,375 Aleris International, Inc.,
9.00%, 12/15/2014 (I)........................... 1,459
725 Berry Plastics Holding Co.,
9.23%, 09/15/2014 (G)(L)........................ 741
1,340 Bowater, Inc.,
8.35%, 03/15/2010 (L)........................... 1,347
700 Bowater, Inc.,
9.50%, 10/15/2012............................... 719
1,000 Chaparral Steel Co.,
10.00%, 07/15/2013 #............................ 1,119
860 Cooper-Standard Automotive, Inc.,
8.38%, 12/15/2014 (G)........................... 787
1,370 Crown Americas, Inc.,
7.75%, 11/15/2015 (G)........................... 1,449
660 Crown Cork & Seal Co., Inc.,
8.00%, 04/15/2023............................... 663
1,120 Domtar, Inc.,
7.13%, 08/15/2015 (G)........................... 1,141
1,850 Freeport-McMoRan Copper & Gold, Inc.,
8.25%, 04/01/2015............................... 2,000
1,225 Georgia Gulf Corp.,
10.75%, 10/15/2016 (G)(I)....................... 1,219
1,615 Georgia-Pacific Corp.,
7.00%, 01/15/2015 (I)........................... 1,623
1,675 Goodyear Tire & Rubber Co.,
8.63%, 12/01/2011 (I)........................... 1,809
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
BASIC MATERIALS -- (CONTINUED)
$ 1,180 Graham Packaging Co., Inc.,
9.88%, 10/15/2014 (G)........................... $ 1,221
1,100 Graphic Packing International,
8.50%, 08/15/2011............................... 1,141
1,100 Huntsman International LLC,
7.88%, 11/15/2014 (I)........................... 1,150
2,500 Lyondell Chemical Co.,
8.25%, 09/15/2016............................... 2,675
1,230 MacDermid, Inc.,
9.50%, 04/15/2017 (I)........................... 1,276
985 Mobile Services Group, Inc.,
9.75%, 08/01/2014 (I)........................... 1,069
500 Norske Skog Canada Ltd.,
8.63%, 06/15/2011............................... 507
1,130 Nova Chemicals Corp.,
8.50%, 11/15/2013 (G)(L)........................ 1,150
1,250 Owens-Brockway Glass Container, Inc.,
8.88%, 02/15/2009 #............................. 1,275
830 Owens-Illinois, Inc.,
7.80%, 05/15/2018 (G)........................... 859
1,500 Peabody Energy Corp.,
6.88%, 03/15/2013 (G)........................... 1,519
650 Potlatch Corp.,
13.00%, 12/01/2009 (L).......................... 742
1,080 RBS Global & Rexnord Corp.,
11.75%, 08/01/2016 (G).......................... 1,199
1,330 Rockwood Specialties Group, Inc.,
7.50%, 11/15/2014 (G)........................... 1,350
96 Smurfit Kappa Funding plc,
9.63%, 10/01/2012............................... 101
795 Smurfit-Stone Container Enterprises, Inc.,
8.00%, 03/15/2017 (I)........................... 791
1,040 Stone Container Finance,
7.38%, 07/15/2014............................... 1,022
1,085 Verso Paper Holdings LLC,
11.38%, 08/01/2016 (I).......................... 1,161
--------
39,452
--------
CAPITAL GOODS -- 1.6%
545 Blount, Inc.,
8.88%, 08/01/2012............................... 572
1,170 Bombardier, Inc.,
6.30%, 05/01/2014 (I)........................... 1,129
255 ESCO Corp.,
9.23%, 12/15/2013 (I)(L)........................ 264
891 K2, Inc.,
7.38%, 07/01/2014............................... 940
176 L-3 Communications Corp.,
3.00%, 08/01/2035 (G)........................... 190
1,390 Transdigm, Inc.,
7.75%, 07/15/2014 (I)........................... 1,442
--------
4,537
--------
</Table>
The accompanying notes are an integral part of these financial statements.
163
THE HARTFORD HIGH YIELD FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
CORPORATE BONDS: NON-INVESTMENT GRADE -- (CONTINUED)
CONSUMER CYCLICAL -- 12.4%
$ 1,800 Albertson's, Inc.,
7.25%, 05/01/2013 (G)........................... $ 1,872
860 Alliance One International, Inc.,
8.50%, 05/15/2012 (I)........................... 888
1,775 American Axle & Manufacturing Holdings, Inc.,
7.88%, 03/01/2017 (G)........................... 1,779
1,080 Amerigas Partners L.P.,
7.25%, 05/20/2015 #............................. 1,099
1,200 Aramark Corp.,
8.50%, 02/01/2015 (G)(I)........................ 1,256
675 ArvinMeritor, Inc.,
8.75%, 03/01/2012 (G)........................... 699
840 Asbury Automotive Group,
7.63%, 03/15/2017 (I)........................... 844
1,160 Beazer Homes USA, Inc.,
8.63%, 05/15/2011 (G)........................... 1,164
995 Buffalo Thunder,
9.38%, 12/15/2014 (I)........................... 1,022
865 Builders FirstSource, Inc.,
9.61%, 02/15/2012 (G)(L)........................ 879
1,700 Ford Capital B.V.,
9.50%, 06/01/2010............................... 1,709
2,480 General Motors Corp.,
7.13%, 07/15/2013 (G)........................... 2,291
700 Group 1 Automotive, Inc.,
2.25%, 06/15/2036 (L)........................... 620
850 GSC Holdings Corp.,
8.00%, 10/01/2012 (G)........................... 906
365 K. Hovnanian Enterprises, Inc.,
6.00%, 01/15/2010............................... 348
875 K. Hovnanian Enterprises, Inc.,
6.25%, 01/15/2015............................... 794
1,030 K. Hovnanian Enterprises, Inc.,
8.88%, 04/01/2012 (G)........................... 1,009
1,200 KB Home & Broad Home Corp.,
6.38%, 08/15/2011............................... 1,179
700 Keystone Automotive Operations, Inc.,
9.75%, 11/01/2013............................... 665
1,040 Levi Strauss & Co.,
9.75%, 01/15/2015 (G)........................... 1,141
1,665 Michaels Stores, Inc.,
11.38%, 11/01/2016 (G)(I)....................... 1,832
1,510 Neiman Marcus Group, Inc.,
10.38%, 10/15/2015 (G).......................... 1,697
1,355 NPC International, Inc.,
9.50%, 05/01/2014 (G)........................... 1,423
1,595 Phillips Van-Heusen Corp.,
7.75%, 11/15/2023............................... 1,691
1,625 SGS International, Inc.,
12.00%, 12/15/2013.............................. 1,755
1,090 Stater Brothers Holdings, Inc.,
8.13%, 06/15/2012............................... 1,123
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
CONSUMER CYCLICAL -- (CONTINUED)
$ 700 Supervalu, Inc.,
7.50%, 11/15/2014............................... $ 732
2,550 Tenneco, Inc.,
8.63%, 11/15/2014 (G)........................... 2,709
--------
35,126
--------
CONSUMER STAPLES -- 1.9%
1,090 Appleton Papers, Inc.,
9.75%, 06/15/2014 (G)........................... 1,130
725 Constellation Brands, Inc.,
7.25%, 09/01/2016............................... 738
840 Del Laboratories, Inc.,
10.36%, 11/01/2011 (L).......................... 870
1,085 Dole Food Co., Inc.,
8.63%, 05/01/2009 (G)........................... 1,101
1,540 Nutro Products, Inc.,
10.75%, 04/15/2014 (G)(I)....................... 1,632
--------
5,471
--------
ENERGY -- 4.5%
320 Amerigas Partners L.P.,
7.13%, 05/20/2016............................... 324
596 Chesapeake Energy Corp., +
2.75%, 11/15/2035............................... 649
750 Chesapeake Energy Corp.,
7.63%, 07/15/2013............................... 795
750 Cie Gen Geophysique,
7.75%, 05/15/2017............................... 793
850 Cimarex Energy Co.,
7.13%, 05/01/2017 (Q)........................... 859
1,000 Comstock Resources, Inc.,
6.88%, 03/01/2012............................... 978
1,120 Ferrell Gas Partners L.P.,
8.75%, 06/15/2012 #............................. 1,165
1,190 Inergy L.P.,
8.25%, 03/01/2016............................... 1,261
614 Magnum Hunter Resources, Inc.,
9.60%, 03/15/2012............................... 643
1,400 OPTI Canada, Inc.,
8.25%, 12/15/2014 (I)........................... 1,481
1,000 Petrohawk Energy Corp.,
9.13%, 07/15/2013............................... 1,071
1,500 Pogo Producing Co.,
7.88%, 05/01/2013 (G)........................... 1,519
1,050 Range Resources Corp.,
7.50%, 05/15/2016............................... 1,089
--------
12,627
--------
FINANCE -- 12.3%
1,800 American Real Estate Partners L.P.,
7.13%, 02/15/2013 (G)........................... 1,773
1,420 Atlantic Broadband Finance LLC,
9.38%, 01/15/2014 #............................. 1,464
1,150 Avis Budget Car Rental LLC,
7.75%, 05/15/2016 (G)(I)........................ 1,176
1,100 E*Trade Financial Corp.,
8.00%, 06/15/2011............................... 1,156
</Table>
The accompanying notes are an integral part of these financial statements.
164
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT (B) VALUE (W)
- ---------- ---------
CORPORATE BONDS: NON-INVESTMENT GRADE -- (CONTINUED)
FINANCE -- (CONTINUED)
$ 1,375 El Paso Performance-Linked Trust,
7.75%, 07/15/2011 (G)(I)........................ $ 1,464
675 Felcor Lodging L.P.,
8.50%, 06/01/2011............................... 724
1,440 Ford Motor Credit Co.,
6.93%, 01/15/2010 (L)#.......................... 1,407
1,100 Ford Motor Credit Co.,
7.38%, 02/01/2011 (G)........................... 1,088
1,685 General Motors Acceptance Corp.,
6.88%, 09/15/2011............................... 1,691
3,050 General Motors Acceptance Corp.,
6.88%, 08/28/2012............................... 3,048
1,300 General Motors Acceptance Corp.,
8.00%, 11/01/2031............................... 1,395
1,565 Hertz Corp.,
10.50%, 01/01/2016 (G).......................... 1,784
1,190 Host Marriott L.P.,
6.75%, 06/01/2016............................... 1,209
1,125 Kar Holdings, Inc.,
9.36%, 05/01/2014 (I)(L)........................ 1,150
865 LPL Holdings, Inc.,
10.75%, 12/15/2015 (I).......................... 939
1,320 Multiplan Corp.,
10.38%, 04/15/2016 (I).......................... 1,409
725 Nell Af Sarl,
8.38%, 08/15/2015 (I)........................... 754
EUR 600 Nell Af Sarl,
8.38%, 08/15/2015 (I)........................... 887
850 PetroPlus Finance,
7.00%, 05/01/2017 (I)........................... 857
1,355 Pinnacle Foods,
10.63%, 04/01/2017 (G)(I)....................... 1,358
1,250 Rainbow National Services LLC,
10.38%, 09/01/2014 (I).......................... 1,408
1,480 Realogy Corp.,
10.50%, 04/15/2014 (G)(I)....................... 1,482
570 Snowqualmie Entertainment Authority,
9.15%, 02/01/2014 (I)(L)........................ 582
725 United Rentals North America, Inc.,
7.75%, 11/15/2013 (G)........................... 754
1,140 Universal City Florida,
10.11%, 05/01/2010 (L).......................... 1,170
1,295 Universal Hospital Services,
10.13%, 11/01/2011.............................. 1,387
1,215 Yankee Acquisition Corp,
9.75%, 02/15/2017 (G)(I)........................ 1,251
--------
34,767
--------
HEALTH CARE -- 4.9%
1,470 CDRV Investors, Inc.,
9.86%, 12/01/2011 (I)(L)........................ 1,477
1,095 General Nutrition Centers, Inc.,
9.79%, 03/15/2014 (I)(L)........................ 1,072
1,335 HCA, Inc.,
7.88%, 02/01/2011 #............................. 1,373
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
HEALTH CARE -- (CONTINUED)
$ 2,801 HCA, Inc.,
9.25%, 11/15/2016 (I)#.......................... $ 3,053
1,300 IASIS Healthcare Capital Corp.,
8.75%, 06/15/2014 (G)........................... 1,347
1,390 Invacare Corp.,
9.75%, 02/15/2015 (I)........................... 1,414
1,370 National Mentor Holdings, Inc.,
11.25%, 07/01/2014.............................. 1,507
1,230 PTS Acquisition Corp.,
9.50%, 04/15/2015 (I)........................... 1,258
1,450 Tenet Healthcare Corp.,
6.50%, 06/01/2012 (G)........................... 1,345
--------
13,846
--------
SERVICES -- 16.9%
1,415 Affinion Group, Inc.,
11.50%, 10/15/2015.............................. 1,557
2,050 Allied Waste North America, Inc.,
6.88%, 06/01/2017............................... 2,078
1,000 AMC Entertainment, Inc.,
11.00%, 02/01/2016 (G).......................... 1,148
540 Cablevision Systems Corp.,
8.00%, 04/15/2012............................... 554
1,230 Clarke American Corp.,
9.50%, 05/15/2015 (I)........................... 1,241
2,310 Clarke American Corp.,
11.75%, 12/15/2013.............................. 2,802
490 Coleman Cable, Inc.,
9.88%, 10/01/2012 (I)........................... 513
1,295 Compucom Systems, Inc.,
12.00%, 11/01/2014 (I)#......................... 1,399
2,150 CSC Holdings, Inc.,
7.63%, 04/01/2011............................... 2,217
2,445 Dex Media West LLC, Inc.,
8.00%, 11/15/2013 (G)........................... 2,561
1,800 Dex Media West LLC, Inc.,
9.88%, 08/15/2013 #............................. 1,960
1,375 DirecTV Holdings LLC,
6.38%, 06/15/2015............................... 1,323
1,120 Education Management LLC,
10.25%, 06/01/2016 (G).......................... 1,224
1,785 Harrah's Operating Co., Inc.,
5.63%, 06/01/2015............................... 1,535
795 ISA Capital De Brasil S.A.,
8.80%, 01/30/2017 (G)(I)........................ 857
1,535 Knowledge Learning Center, Inc.,
7.75%, 02/01/2015 (I)........................... 1,535
1,215 Liberty Media Corp.,
8.25%, 02/01/2030 (G)........................... 1,218
1,480 MGM Mirage, Inc.,
6.75%, 09/01/2012............................... 1,482
760 MGM Mirage, Inc.,
6.75%, 04/01/2013 (G)........................... 753
750 MTR Gaming Group, Inc.,
9.00%, 06/01/2012............................... 788
</Table>
The accompanying notes are an integral part of these financial statements.
165
THE HARTFORD HIGH YIELD FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
CORPORATE BONDS: NON-INVESTMENT GRADE -- (CONTINUED)
SERVICES -- (CONTINUED)
$ 585 NCO Group, Inc.,
11.88%, 11/15/2014 (I).......................... $ 603
670 NSG Holdings LLC,
7.75%, 12/15/2025 (I)........................... 705
1,245 Open Solutions, Inc.,
9.75%, 02/01/2015 (I)........................... 1,285
1,030 Pokagon Gaming Authority,
10.38%, 06/15/2014 (I).......................... 1,154
1,100 Quebecor World Capital Corp.,
6.13%, 11/15/2013............................... 1,035
945 Quebecor World Capital Corp.,
8.75%, 03/15/2016 (G)(I)........................ 966
880 Quebecor World, Inc.,
9.75%, 01/15/2015 (I)........................... 928
1,425 Reader's Digest Association, Inc.,
9.00%, 02/15/2017 (G)(I)........................ 1,397
1,480 Sheridan Group, Inc.,
10.25%, 08/15/2011.............................. 1,541
1,350 Sirius Satellite Radio, Inc.,
9.63%, 08/01/2013 (G)........................... 1,350
1,300 Station Casinos, Inc.,
7.75%, 08/15/2016 (G)........................... 1,352
2,345 SunGard Data Systems, Inc.,
10.25%, 08/15/2015 (G).......................... 2,580
1,230 Umbrella Acquisition,
9.75%, 03/15/2015 (G)(I)........................ 1,235
1,420 Unisys Corp.,
7.88%, 04/01/2008............................... 1,427
1,300 West Corp.,
9.50%, 10/15/2014 (I)........................... 1,375
--------
47,678
--------
TECHNOLOGY -- 17.4%
1,120 Advanced Micro Devices, Inc.,
7.75%, 11/01/2012 (G)........................... 1,100
716 Amkor Technology, Inc.,
10.50%, 05/01/2009 (G).......................... 716
1,135 Belden CDT, Inc.,
7.00%, 03/15/2017 (I)........................... 1,161
1,325 Broadview Networks Holdings, Inc.,
11.38%, 09/01/2012 (I).......................... 1,418
1,400 CCH I Holdings LLC,
10.00%, 05/15/2014 (G).......................... 1,306
2,385 Charter Communications Operating LLC,
8.00%, 04/30/2012 (I)#.......................... 2,498
1,370 Citizens Communications Co.,
7.88%, 01/15/2027 (I)........................... 1,425
1,375 Dobson Cellular Systems,
8.38%, 11/01/2011............................... 1,466
1,235 Flextronics International Ltd.,
6.50%, 05/15/2013............................... 1,224
2,600 Freescale Semiconductor, Inc.,
10.13%, 12/15/2016 (G)(I)....................... 2,626
1,015 General Cable Corp.,
7.72%, 04/01/2015 (I)(L)........................ 1,025
</Table>
<Table>
<Caption>
PRINCIPAL Market
AMOUNT (B) Value (W)
- ---------- ---------
TECHNOLOGY -- (CONTINUED)
$ 1,375 Idearc, Inc.,
8.00%, 11/15/2016 (I)........................... $ 1,433
1,275 Inmarsat Finance plc,
7.63%, 06/30/2012 #............................. 1,332
2,500 Intelsat Bermuda Ltd.,
11.25%, 06/15/2016.............................. 2,853
850 IPCS, Inc.,
7.48%, 05/01/2013 (I)(L)........................ 854
1,600 Itron, Inc.,
7.75%, 05/15/2012............................... 1,640
1,425 Jarden Corp.,
7.50%, 05/01/2017............................... 1,459
1,375 Leap Wireless International, Inc.,
9.38%, 11/01/2014 (I)........................... 1,468
700 Level 3 Financing, Inc.,
9.25%, 11/01/2014 (I)........................... 727
2,405 Level 3 Financing, Inc.,
12.25%, 03/15/2013.............................. 2,811
1,500 MagnaChip Semiconductor,
6.88%, 12/15/2011 (G)........................... 1,260
1,425 Mediacom LLC,
9.50%, 01/15/2013 (G)........................... 1,471
1,470 MetroPCS Wireless, Inc.,
9.25%, 11/01/2014 (I)........................... 1,569
1,390 Momentive Performance,
9.75%, 12/01/2014 (I)........................... 1,470
2,500 Nortel Networks Ltd.,
10.75%, 07/15/2016 (I).......................... 2,813
1,360 NXP B.V./NXP Funding LLC,
8.11%, 10/15/2013 (I)(L)........................ 1,404
2,735 Qwest Communications International, Inc.,
7.50%, 02/15/2014 (G)........................... 2,824
1,375 Rural Cellular Corp.,
8.25%, 03/15/2012 (G)........................... 1,451
1,210 STATS ChipPAC Ltd.,
7.50%, 07/19/2010 (G)........................... 1,264
EUR 680 Wind Acquisition,
9.75%, 12/01/2015 (I)........................... 1,072
1,925 Windstream Corp.,
8.63%, 08/01/2016............................... 2,113
--------
49,253
--------
TRANSPORTATION -- 0.3%
945 PHI, Inc.,
7.13%, 04/15/2013............................... 924
--------
UTILITIES -- 5.1%
2,000 Chivor S.S. E.S.P.,
9.75%, 12/30/2014 (K)........................... 2,265
820 Copano Energy LLC,
8.13%, 03/01/2016............................... 855
669 Elwood Energy LLC,
8.16%, 07/05/2026............................... 708
1,075 Markwest Energy Partners L.P.,
8.50%, 07/15/2016............................... 1,129
1,250 Mirant Americas Generation LLC,
8.30%, 05/01/2011 (G)........................... 1,322
</Table>
The accompanying notes are an integral part of these financial statements.
166
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
CORPORATE BONDS: NON-INVESTMENT GRADE -- (CONTINUED)
UTILITIES -- (CONTINUED)
$ 1,110 NGC Corp.,
7.13%, 05/15/2018 (G)........................... $ 1,074
880 NRG Energy, Inc.,
7.25%, 02/01/2014............................... 911
1,170 NRG Energy, Inc.,
7.38%, 02/01/2016............................... 1,215
1,120 PSEG Energy Holdings LLC,
8.50%, 06/15/2011............................... 1,212
1,100 Regency Energy Partners,
8.38%, 12/15/2013 (I)........................... 1,133
1,225 Reliant Energy, Inc.,
6.75%, 12/15/2014............................... 1,283
1,160 Williams Partners L.P.,
7.25%, 02/01/2017 (I)........................... 1,227
--------
14,334
--------
Total corporate bonds: non-investment grade
(cost $251,217)................................. $258,015
--------
SENIOR FLOATING RATE INTERESTS NON-INVESTMENT GRADE (V) -- 5.1%
CONSUMER CYCLICAL -- 1.6%
3,477 Ford Motor Co.,
8.36%, 12/15/2013 (N)........................... 3,497
1,254 Keystone Automotive Industries, Inc.,
8.80%, 01/12/2012 (N)........................... 1,251
--------
4,748
--------
FINANCE -- 0.6%
500 HMSC Corp.,
10.86%, 04/03/2014 (N)(Q)....................... 509
1,100 Rental Service Corp.,
8.86%, 11/21/2013 (N)........................... 1,120
--------
1,629
--------
HEALTH CARE -- 0.8%
1,400 Community Health Systems, Inc.,
9.36%, 10/24/2014 (AA)(Q)....................... 1,393
840 IASIS Healthcare Capital Corp.,
10.61%, 06/15/2014 (AA)(Q)...................... 834
--------
2,227
--------
SERVICES -- 1.4%
1,400 Clarke American Corp.,
10.36%, 02/28/2017 (AA)(Q)...................... 1,391
1,500 Harrah's Entertainment, Inc.,
6.86%, 03/05/2008 (AA)(Q)....................... 1,496
1,000 RHI Entertainment LLC,
9.36%, 03/31/2014 (N)........................... 978
--------
3,865
--------
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
TECHNOLOGY -- 0.7%
$ 493 Infor Lux Bond Co.,
8.00%, 07/28/2014 (N)........................... $ 500
1,399 Wind Acquisitions Holdings Finance S.A.,
12.61%, 12/12/2011 (N).......................... 1,419
--------
1,919
--------
Total senior floating rate interests
non-investment grade
(cost $14,366).................................. $ 14,388
--------
<Caption>
SHARES
- ---------
COMMON STOCK -- 0.0%
BASIC MATERIALS -- 0.0%
-- Pliant Corp. (D)(H)............................... $ --
--------
CONSUMER CYCLICAL -- 0.0%
1 Hosiery Corp. of America, Inc. Class A (A)(D)(H).. --
--------
TECHNOLOGY -- 0.0%
-- XO Holdings, Inc. (D)(H)(G)....................... --
--------
Total common stock
(cost $21)...................................... $ --
--------
PREFERRED STOCK -- 0.1%
FINANCE -- 0.1%
6 United Rentals Trust I +.......................... $ 304
--------
Total preferred stock
(cost $307)..................................... $ 304
--------
WARRANTS -- 0.0%
TECHNOLOGY -- 0.0%
-- XO Holdings, Inc. (H)............................. $ --
--------
Total warrants
(cost $--)...................................... $ --
--------
Total long-term investments
(cost $270,851)................................. $277,892
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 22.6%
FINANCE -- 0.0%
$ 127 American General Finance,
5.32%, 05/01/2007............................... $ 127
--------
2 State Street Bank Money Market Fund............... 2
--------
129
--------
</Table>
The accompanying notes are an integral part of these financial statements.
167
THE HARTFORD HIGH YIELD FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
SHORT-TERM INVESTMENTS -- (CONTINUED)
REPURCHASE AGREEMENTS -- 1.2%
$ 979 BNP Paribas Securities Corp. Repurchase Agreement,
5.10%, 05/01/2007............................... $ 979
1,161 RBS Greenwich Capital Markets Repurchase
Agreement,
5.10%, 05/01/2007............................... 1,161
1,175 UBS Securities, Inc. Repurchase Agreement,
5.10%, 05/01/2007............................... 1,175
--------
3,315
--------
<Caption>
SHARES
- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 21.3%
CASH COLLATERAL REINVESTMENT FUND:
60,074 Navigator Prime Portfolio......................... 60,074
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
U.S. TREASURY SECURITIES -- 0.1%
$ 200 U.S. Treasury Bill,
5.06%, 06/14/2007 (M)(S)........................ 199
--------
Total short-term investments
(cost $63,717).................................. $ 63,717
--------
Total investments in securities
(cost $334,568) (C)............................. $341,609
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 9.44% of total net assets at April 30, 2007.
(A) The aggregate value of securities valued in good faith at fair value by,
or under the direction of, the Funds' Board of Directors at April 30, 2007
rounds to zero.
(B) All principal amounts are in U.S. dollars unless otherwise indicated.
<Table>
EUR -- EURO
</Table>
(C) At April 30, 2007, the cost of securities for federal income tax purposes
was $334,975 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation.......................... $7,433
Unrealized depreciation.......................... (799)
------
Net unrealized appreciation...................... $6,634
======
</Table>
(D) Currently non-income producing.
(G) Security is partially on loan at April 30, 2007.
# This security, or a portion of this security, has been segregated to cover
funding requirements on investment transactions settling in the future.
(H) The following securities are considered illiquid. Illiquid securities are
often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD COST
ACQUIRED SHARES/PAR SECURITY BASIS
-------- ---------- -------- -----
10/1994 1 Hosiery Corp. of America,
Inc. Class A - 144A $21
11/2006 -- Pliant Corp. --
05/2006 -- XO Holdings, Inc. --
05/2006 -- XO Holdings, Inc. Warrants --
</Table>
The aggregate value of these securities at April 30, 2007 rounds to
zero.
(I) Securities issued within terms of a private placement memorandum, exempt
from registration under Section 144A of the Securities Act of 1933, as
amended, and may be sold only to qualified institutional buyers. Pursuant
to guidelines adopted by the Board of Directors, these issues are
determined to be liquid. The aggregate value of these securities at April
30, 2007, was $88,402, which represents 31.29% of total net assets.
(K) Securities contain some restrictions as to public resale. These securities
comply with Regulation S, rules governing offers and sales made outside
the United States without registration under the Securities Act of 1933,
and are determined to be liquid. At April 30, 2007, the market value of
these securities amounted to $2,265 or 0.80% of total net assets.
(L) Variable rate securities; the rate reported is the coupon rate in effect
at April 30, 2007.
(M) The interest rate disclosed for these securities represents the effective
yield on the date of acquisition.
(N) The interest rate disclosed for these securities represents the effective
yield as of April 30, 2007.
(P) The interest rates disclosed for interest only strips represent effective
yields based upon estimated future cash flows at April 30, 2007.
(AA) The interest rate disclosed for these securities represents an estimated
yield as of April 30, 2007.
(Q) The cost of securities purchased on a when-issued or delayed delivery
basis at April 30, 2007 was $6,103.
(S) Security pledged as initial margin deposit for open futures contracts at
April 30, 2007.
FUTURES CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
NUMBER OF APPRECIATION
DESCRIPTION CONTRACTS* POSITION EXPIRATION (DEPRECIATION)
----------- ---------- -------- ---------- --------------
5 Year U.S. Treasury
Note 208 Long June 2007 $56
===
</Table>
* The number of contracts does not omit 000's.
(V) Senior loans in which the Fund invests generally pay interest rates which
are periodically adjusted by reference to a base short-term, floating
lending rate plus a premium. These base lending rates are
The accompanying notes are an integral part of these financial statements.
168
- --------------------------------------------------------------------------------
generally (i) the lending rate offered by one or more major European
banks, such as the London Inter-Bank Offered Rate (LIBOR), (ii) the prime
rate offered by one or more major United States Banks, or (iii) the bank's
certificate of deposit rate. Senior floating rate interests often require
prepayments from excess cash flows or permit the borrower to repay at its
election. The rate at which the borrower repays cannot be predicted with
accuracy. As a result, the actual remaining maturity may be substantially
less than the stated maturities shown. The interest rate indicated is the
rate in effect at April 30, 2007.
+ Convertible debt security.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
FORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
MARKET CONTRACT DELIVERY APPRECIATION
DESCRIPTION TRANSACTION VALUE AMOUNT DATE (DEPRECIATION)
- ----------- ----------- ------ -------- ---------- --------------
Euro Sell $1,605 $1,530 05/02/2007 $(75)
Euro Sell 1,609 1,609 07/09/2007 --
----
$(75)
====
</Table>
The accompanying notes are an integral part of these financial statements.
169
THE HARTFORD INCOME ALLOCATION FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
AFFILIATED INVESTMENT COMPANIES -- 99.3%
FIXED INCOME FUNDS -- 90.6%
373 Hartford Floating Rate Fund, Class Y.............. $ 3,778
426 Hartford High Yield Fund, Class Y................. 3,502
770 Hartford Income Fund, Class Y..................... 8,001
902 Hartford Inflation Plus Fund, Class Y............. 9,525
1,038 Hartford Short Duration Fund, Class Y............. 10,266
669 Hartford Total Return Bond Fund, Class Y.......... 7,206
-------
Total fixed income funds
(cost $42,004).................................. $42,278
-------
MONEY MARKET FUND -- 8.7%
4,038 Hartford Money Market Fund, Class Y............... $ 4,038
-------
Total money market fund
(cost $4,036)................................... $ 4,038
-------
Total investments in affiliated
investment companies
(cost $46,040) (C).............................. $46,316
=======
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $46,447 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................... $ 282
Unrealized depreciation........................... (413)
-----
Net unrealized depreciation....................... $(131)
=====
</Table>
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
170
THE HARTFORD INCOME FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -- 7.0%
FINANCE -- 6.9%
$ 137 AmeriCredit Automobile Receivables Trust,
5.20%, 03/06/2011............................... $ 137
3,711 Banc of America Commercial Mortgage, Inc.,
4.08%, 12/10/2042 (P)#.......................... 66
2,915 Banc of America Commercial Mortgage, Inc.,
5.50%, 11/10/2039 (I)(P)#....................... 75
24,944 Banc of America Commercial Mortgage, Inc.,
5.50%, 07/10/2043 (I)(P)#....................... 260
7,992 Banc of America Commercial Mortgage, Inc.,
5.75%, 06/10/2039 (I)(P)#....................... 70
200 Bayview Commercial Asset Trust,
5.69%, 04/25/2036 (I)(L)#....................... 200
250 Bayview Financial Acquisition Trust,
5.82%, 02/28/2040 (I)(L)#....................... 251
3,104 Bear Stearns Commercial Mortgage Securities, Inc.,
5.50%, 02/11/2041 (I)(P)#....................... 53
50 Capital Auto Receivables Asset Trust,
5.77%, 05/20/2010 (I)........................... 50
230 Capital One Auto Finance Trust,
4.32%, 05/15/2010 #............................. 228
1,246 CBA Commercial Small Balance Commercial Mortgage,
7.00%, 07/25/2035 (I)(P)#....................... 58
964 CBA Commercial Small Balance Commercial Mortgage,
7.00%, 06/25/2038 (I)(P)#....................... 64
7,382 CBA Commercial Small Balance Commercial Mortgage,
9.75%, 01/25/2039 (I)(P)#....................... 738
2,266 Citigroup Commercial Mortgage Trust,
4.10%, 10/15/2041 (I)(P)#....................... 74
200 Citigroup Mortgage Loan Trust, Inc.,
7.82%, 01/25/2037 (I)(L)#....................... 168
6,143 Commercial Mortgage Pass-Through Certificates,
5.50%, 03/10/2039 (I)(P)#....................... 131
49 Countrywide Asset-Backed Certificates,
5.46%, 07/25/2035............................... 49
2,675 CS First Boston Mortgage Securities Corp.,
4.15%, 11/15/2037 (I)(P)#....................... 73
200 CS First Boston Mortgage Securities Corp.,
7.27%, 11/15/2019 (H)(L)........................ 187
200 DaimlerChrysler Auto Trust,
5.14%, 09/08/2012 #............................. 200
95 Equity One ABS, Inc.,
5.46%, 12/25/2033............................... 94
50 Equity One ABS, Inc.,
7.82%, 07/25/2034 (L)........................... 50
430 First Union-Lehman Brothers-Bank of America
Commercial Mortgage Trust,
6.56%, 11/18/2035............................... 432
13,280 GE Business Loan Trust,
6.14%, 05/15/2034 (I)(P)#....................... 129
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
FINANCE -- (CONTINUED)
$ 1,000 GE Capital Commercial Mortgage Corp.,
5.34%, 03/10/2044 (L)#.......................... $ 994
55,194 GE Capital Commercial Mortgage Corp.,
6.35%, 11/10/2045 (I)(P)#....................... 112
200 GMAC Commercial Mortgage Securities, Inc.,
5.30%, 08/10/2038 #............................. 200
270 GMAC Mortgage Corp. Loan Trust,
5.75%, 10/25/2036 #............................. 270
36 Green Tree Financial Corp.,
6.48%, 12/01/2030............................... 36
14 Green Tree Financial Corp.,
7.30%, 01/15/2026 #............................. 14
13 Green Tree Financial Corp.,
7.35%, 05/15/2027............................... 14
49 Home Equity Asset Trust,
4.75%, 06/27/2035 (H)........................... 34
725 Home Equity Asset Trust,
6.27%, 07/25/2037 (L)........................... 726
75 JP Morgan Auto Receivable Trust,
12.85%, 03/15/2012 (A)(P)....................... 75
4,081 JP Morgan Chase Commercial Mortgage Security
Corp.,
4.07%, 01/15/2042 (P)#.......................... 60
502 JP Morgan Chase Commercial Mortgage Security
Corp.,
5.47%, 04/15/2043 (L)#.......................... 506
2,313 JP Morgan Chase Commercial Mortgage Security
Corp.,
5.50%, 01/15/2038 (I)(P)#....................... 64
250 JP Morgan Chase Commercial Mortgage Security
Corp.,
5.54%, 12/12/2044 (L)#.......................... 249
17,556 JP Morgan Chase Commercial Mortgage Security
Corp.,
6.00%, 09/12/2037 (I)(P)........................ 196
190 JP Morgan Chase Commercial Mortgage Security
Corp.,
6.16%, 05/12/2034............................... 197
550 LB-UBS Commercial Mortgage Trust,
5.22%, 02/15/2031 (L)#.......................... 543
25,842 LB-UBS Commercial Mortgage Trust,
5.26%, 06/15/2036 (I)(P)#....................... 142
250 LB-UBS Commercial Mortgage Trust,
5.45%, 11/15/2038 (L)#.......................... 247
650 LB-UBS Commercial Mortgage Trust,
5.48%, 11/15/2038 (L)........................... 644
200 Lehman Brothers Commercial Mortgage Trust,
6.12%, 07/15/2018 (I)(L)#....................... 198
120 Lehman Brothers Small Balance Commercial,
5.62%, 09/25/2036 (I)........................... 119
250 LNR CDO Ltd.,
6.17%, 05/28/2043 (I)(L)........................ 238
46 Long Beach Asset Holdings Corp.,
5.78%, 04/25/2046 (I)........................... 46
1,000 Marathon Real Estate CDO Ltd.,
6.72%, 05/25/2046 (I)(L)........................ 973
</Table>
The accompanying notes are an integral part of these financial statements.
171
THE HARTFORD INCOME FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -- (CONTINUED)
FINANCE -- (CONTINUED)
$ 350 Marlin Leasing Receivables LLC,
4.63%, 11/17/2008 (I)........................... $ 349
440 Marlin Leasing Receivables LLC,
5.33%, 09/16/2013 (I)#.......................... 441
2,000 Morgan Stanley Capital I,
5.15%, 08/13/2042 (L)........................... 1,952
16,282 Morgan Stanley Capital I,
6.00%, 06/12/2047 (I)(P)#....................... 202
458 Nationstar Home Equity Loan Trust,
9.97%, 03/25/2037 (I)(L)........................ 458
725 Option One Mortgage Loan Trust Class M6,
6.99%, 03/25/2037............................... 722
500 Option One Mortgage Loan Trust Class M7,
6.99%, 03/25/2037............................... 439
475 Option One Mortgage Loan Trust Class M8,
6.99%, 03/25/2037............................... 375
70 PSE&G Transition Funding LLC,
6.61%, 06/15/2015 #............................. 75
80 Renaissance Home Equity Loan Trust,
5.75%, 05/25/2036 (L)........................... 80
200 Renaissance Home Equity Loan Trust,
6.16%, 05/25/2036............................... 201
260 Renaissance Home Equity Loan Trust,
7.50%, 04/25/2037............................... 233
250 Wachovia Auto Loan Owner Trust,
5.15%, 07/20/2012 (I)........................... 251
260 Wachovia Auto Loan Owner Trust,
5.29%, 06/20/2012 (I)........................... 262
6,914 Wachovia Bank Commercial Mortgage Trust,
5.50%, 02/15/2041 (I)(P)#....................... 161
--------
16,935
--------
TRANSPORTATION -- 0.1%
82 Continental Airlines, Inc.,
6.80%, 08/02/2018............................... 82
100 Continental Airlines, Inc.,
7.49%, 10/02/2010............................... 106
--------
188
--------
UTILITIES -- 0.0%
75 Detroit Edison Securitizaton,
6.19%, 03/01/2013 #............................. 77
--------
Total asset & commercial
mortgage backed securities
(cost $17,237).................................. $ 17,200
--------
CORPORATE BONDS: INVESTMENT GRADE -- 18.3%
CAPITAL GOODS -- 0.1%
200 Hutchison Whampoa International Ltd.,
6.25%, 01/24/2014 (I)#.......................... $ 209
--------
CONSUMER CYCLICAL -- 0.3%
765 Home Depot, Inc.,
5.25%, 12/16/2013 #............................. 760
--------
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
CONSUMER STAPLES -- 0.2%
$ 420 Anheuser-Busch Cos., Inc.,
5.75%, 01/15/2011 #............................. $ 418
--------
ENERGY -- 0.3%
490 Anadarko Petroleum Corp.,
6.45%, 09/15/2036 #............................. 491
255 TNK-BP Finance S.A.,
7.50%, 07/18/2016 (I)#.......................... 270
--------
761
--------
FINANCE -- 15.0%
125 Ace INA Holdings, Inc.,
5.88%, 06/15/2014 #............................. 128
245 Aetna, Inc.,
5.75%, 06/15/2011 #............................. 250
880 Aetna, Inc.,
6.63%, 06/15/2036............................... 942
144 AMBAC Financial Group, Inc.,
6.15%, 02/15/2037............................... 138
150 Arden Realty L.P.,
5.20%, 09/01/2011............................... 151
4,788 Axa S.A.,
6.46%, 12/14/2049 (I)(L)(G)..................... 4,730
1,049 Capital One Capital IV,
6.75%, 02/17/2037 #............................. 1,023
865 CIT Group, Inc.,
6.10%, 03/15/2067 (L)(G)........................ 833
1,827 Comerica Capital Trust II,
6.58%, 02/20/2037 (L)#.......................... 1,805
90 Deutsche Bank Capital Funding Trust,
5.63%, 01/19/2016 (I)#.......................... 89
450 ERAC USA Finance Co.,
5.90%, 11/15/2015 (I)#.......................... 451
985 Fifth Third Capital Trust IV,
6.50%, 04/15/2037 (L)........................... 992
1,193 Financial Security Assurance Holdings,
6.40%, 12/15/2066 (I)(L)#....................... 1,180
963 Genworth Financial, Inc.,
6.15%, 11/15/2066 #............................. 953
125 Goldman Sachs Group, Inc.,
5.15%, 01/15/2014 #............................. 123
500 Goldman Sachs Group, Inc.,
5.95%, 01/15/2027 #............................. 494
725 Goldman Sachs Group, Inc.,
6.45%, 05/01/2036 #............................. 752
500 HBOS plc,
5.92%, 07/29/2049 (I)#.......................... 492
250 HSBK Europe B.V.,
7.25%, 05/03/2017 (I)........................... 250
4,410 ILFC E-Capital Trust II,
6.25%, 12/21/2065 (I)(L)(G)..................... 4,519
4,540 JP Morgan Chase Capital XX,
6.55%, 09/29/2036 #............................. 4,639
200 Kazkommerts International B.V.,
8.00%, 11/03/2015 (I)........................... 202
200 Kuzneski Capital S.A.,
7.50%, 11/25/2015 (L)........................... 206
</Table>
The accompanying notes are an integral part of these financial statements.
172
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
CORPORATE BONDS: INVESTMENT GRADE -- (CONTINUED)
FINANCE -- (CONTINUED)
$ 4,696 Metlife, Inc.,
6.40%, 12/15/2036 #............................. $ 4,687
500 Mizuho Capital Investment Ltd.,
6.69%, 06/30/2016 (I)(G)........................ 514
200 Mizuho Financial Group, Inc.,
5.79%, 04/15/2014 (I)........................... 204
500 Morgan Stanley,
5.55%, 04/27/2017............................... 499
100 Natexis AMBS Co. LLC,
8.44%, 12/29/2049 (I)........................... 103
150 Northern Rock plc,
5.60%, 04/30/2049 (I)#.......................... 146
500 PNC Preferred Funding Trust II,
6.11%, 03/15/2049 (I)(L)........................ 500
510 Regions Financing Trust II,
6.63%, 05/15/2047............................... 509
100 RSHB Capital,
7.18%, 05/16/2013 (I)........................... 106
200 Sagicor Financial Ltd.,
7.50%, 05/12/2016 (I)........................... 205
75 Shurgard Storage Centers, Inc.,
5.88%, 03/15/2013 #............................. 77
658 SMFG Preferred Capital,
6.08%, 12/01/2049 (I)(L)........................ 660
735 State Street Capital Trust IV,
6.36%, 06/15/2037 (L)........................... 738
100 Sumitomo Mitsui Banking,
5.63%, 12/29/2049 (I)........................... 99
1,160 Suntrust Capital VIII,
6.10%, 12/15/2036 #............................. 1,103
100 Suntrust Preferred Capital,
5.85%, 12/29/2049 (L)........................... 102
100 TuranAlem Finance B.V.,
8.50%, 02/10/2015 (K)........................... 101
725 U.S. Bank Realty Corp.,
6.09%, 12/22/2049 (I)(L)........................ 732
100 UFJ Finance Aruba AEC,
6.75%, 07/15/2013............................... 108
170 VTB Capital,
7.50%, 10/12/2011 (K)........................... 182
100 Westpac Capital Trust IV,
5.26%, 12/29/2049 (I)........................... 96
--------
36,813
--------
HEALTH CARE -- 0.2%
465 Wyeth,
5.95%, 04/01/2037............................... 465
--------
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
SERVICES -- 0.5%
$ 175 Belo Corp.,
7.25%, 09/15/2027............................... $ 176
410 Time Warner Entertainment Co. L.P.,
8.38%, 07/15/2033 #............................. 500
500 Viacom, Inc.,
6.88%, 04/30/2036............................... 506
--------
1,182
--------
TECHNOLOGY -- 1.2%
210 Cingular Wireless Services, Inc.,
8.13%, 05/01/2012 #............................. 236
100 Comcast Cable Communications, Inc.,
6.75%, 01/30/2011............................... 105
850 Deutsche Telekom International Finance B.V.,
5.25%, 07/22/2013 #............................. 842
150 France Telecom S.A.,
7.75%, 03/01/2011 (L)........................... 163
150 Motorola, Inc.,
8.00%, 11/01/2011............................... 165
230 Telecom Italia Capital,
7.20%, 07/18/2036 #............................. 246
1,166 Vodafone Group plc,
6.15%, 02/27/2037 #............................. 1,150
--------
2,907
--------
TRANSPORTATION -- 0.1%
125 American Airlines, Inc.,
7.86%, 10/01/2011 #............................. 135
110 Carnival Corp.,
6.65%, 01/15/2028 #............................. 117
100 Continental Airlines, Inc.,
6.56%, 02/15/2012 #............................. 105
--------
357
--------
UTILITIES -- 0.4%
230 Kinder Morgan Energy Partners L.P.,
6.50%, 02/01/2037............................... 232
100 Tennessee Gas Pipeline Co.,
8.38%, 06/15/2032............................... 125
400 TransAlta Corp.,
5.75%, 12/15/2013 #............................. 398
--------
755
--------
Total corporate bonds: investment grade
(cost $44,793).................................. $ 44,627
--------
CORPORATE BONDS: NON-INVESTMENT GRADE -- 18.3%
BASIC MATERIALS -- 1.8%
375 Abitibi-Consolidated, Inc.,
8.85%, 06/15/2011 (L)#.......................... $ 368
225 Bowater, Inc.,
8.35%, 03/15/2010 (L)........................... 226
355 Bowater, Inc.,
9.50%, 10/15/2012 #............................. 365
150 Chaparral Steel Co.,
10.00%, 07/15/2013 #............................ 168
</Table>
The accompanying notes are an integral part of these financial statements.
173
THE HARTFORD INCOME FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
CORPORATE BONDS: NON-INVESTMENT GRADE -- (CONTINUED)
BASIC MATERIALS -- (CONTINUED)
$ 236 Citigroup (JSC Severstal),
9.25%, 04/19/2014 (K)........................... $ 261
370 Crown Americas, Inc.,
7.75%, 11/15/2015 #............................. 391
205 Evraz Group S.A.,
8.25%, 11/10/2015 (I)#.......................... 213
165 Georgia Gulf Corp.,
10.75%, 10/15/2016 (I)(G)....................... 164
250 Goodyear Tire & Rubber Co.,
8.63%, 12/01/2011 (I)........................... 270
100 Graham Packaging Co., Inc.,
9.88%, 10/15/2014 (G)........................... 104
250 Huntsman International LLC,
7.88%, 11/15/2014 (I)........................... 261
500 Owens-Illinois, Inc.,
7.80%, 05/15/2018 (G)........................... 518
250 Peabody Energy Corp.,
6.88%, 03/15/2013............................... 253
14 Smurfit Kappa Funding plc,
9.63%, 10/01/2012............................... 15
330 Stone Container,
8.00%, 03/15/2017 (I)#.......................... 328
455 Vitro S.A.,
9.13%, 02/01/2017 (I)........................... 477
--------
4,382
--------
CAPITAL GOODS -- 0.3%
450 Bombardier, Inc.,
6.30%, 05/01/2014 (I)#.......................... 434
100 Bombardier, Inc.,
6.75%, 05/01/2012 (I)........................... 101
115 Industrias Unidas S.A.,
11.50%, 11/15/2016 (I)(G)....................... 124
--------
659
--------
CONSUMER CYCLICAL -- 1.8%
100 Albertson's, Inc.,
7.25%, 05/01/2013 (G)........................... 104
420 Aramark Corp.,
8.86%, 02/01/2015 (I)(L)#....................... 432
205 Asbury Automotive Group,
7.63%, 03/15/2017 (I)........................... 206
150 AutoNation, Inc.,
7.36%, 04/15/2013 (L)........................... 151
130 Delhaize America, Inc.,
9.00%, 04/15/2031 #............................. 158
245 Ford Capital B.V.,
9.50%, 06/01/2010 #............................. 246
310 General Motors Corp.,
6.38%, 05/01/2008 (G)........................... 308
225 General Motors Corp.,
7.13%, 07/15/2013 (G)........................... 208
210 K. Hovnanian Enterprises, Inc.,
6.00%, 01/15/2010............................... 200
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
CONSUMER CYCLICAL -- (CONTINUED)
$ 110 K. Hovnanian Enterprises, Inc.,
8.88%, 04/01/2012 (G)........................... $ 108
200 KB Home & Broad Home Corp.,
6.38%, 08/15/2011............................... 197
400 Michaels Stores, Inc.,
11.38%, 11/01/2016 (I)(G)....................... 440
380 Neiman Marcus Group, Inc.,
10.38%, 10/15/2015.............................. 427
260 Parkson Retail Group Ltd.,
7.88%, 11/14/2011............................... 272
150 SGS International, Inc.,
12.00%, 12/15/2013.............................. 162
105 Stater Brothers Holdings, Inc.,
8.13%, 06/15/2012............................... 108
500 Supervalu, Inc.,
7.50%, 11/15/2014 #............................. 523
305 Tenneco, Inc.,
8.63%, 11/15/2014 (G)........................... 324
--------
4,574
--------
CONSUMER STAPLES -- 0.7%
240 Bertin LTDA,
10.25%, 10/05/2016 (K).......................... 269
240 Constellation Brands, Inc.,
7.25%, 09/01/2016 #............................. 244
250 Del Laboratories, Inc.,
10.36%, 11/01/2011 (L)#......................... 259
200 JBS S.A.,
10.50%, 08/04/2016 (K).......................... 229
300 Nutro Products, Inc.,
10.75%, 04/15/2014 (I).......................... 318
265 OJSC Myronivsky Hliboproduct,
10.25%, 11/30/2011 (I).......................... 279
--------
1,598
--------
ENERGY -- 0.8%
100 Braskem S.A.,
8.00%, 01/26/2017 (I)(G)........................ 107
150 Inergy L.P.,
8.25%, 03/01/2016............................... 159
160 MEI Euro Finance Ltd.,
8.75%, 05/22/2010 (K)........................... 162
100 Naftogaz Ukrainy,
8.13%, 09/30/2009............................... 101
560 Petrohawk Energy Corp.,
9.13%, 07/15/2013 #............................. 600
200 Petrozuata Finance, Inc.,
8.22%, 04/01/2017 (I)........................... 205
380 Pogo Producing Co.,
7.88%, 05/01/2013............................... 385
240 Range Resources Corp.,
7.50%, 05/15/2016 (G)........................... 249
--------
1,968
--------
</Table>
The accompanying notes are an integral part of these financial statements.
174
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
CORPORATE BONDS: NON-INVESTMENT GRADE -- (CONTINUED)
FINANCE -- 2.8%
$ 145 American Real Estate Partners L.P.,
7.13%, 02/15/2013............................... $ 143
180 ATF Bank,
9.00%, 05/11/2016 (K)........................... 175
320 Atlantic Broadband Finance LLC,
9.38%, 01/15/2014 #............................. 330
415 Centercredit International,
8.63%, 01/30/2014 (I)#.......................... 398
270 Credit Suisse First Boston International,
6.80%, 10/04/2012............................... 267
75 Drummond Co., Inc.,
7.38%, 02/15/2016 (I)........................... 72
250 Ege Haina Finance Co.,
9.50%, 04/26/2017 (I)........................... 257
150 El Paso Performance-Linked Trust,
7.75%, 07/15/2011 (I)........................... 160
1,315 Ford Motor Credit Co.,
5.80%, 01/12/2009 #............................. 1,292
305 Ford Motor Credit Co.,
7.38%, 02/01/2011 (G)........................... 302
290 Ford Motor Credit Co.,
9.81%, 04/15/2012 (L)#.......................... 310
675 General Motors Acceptance Corp.,
6.88%, 09/15/2011 #............................. 677
900 General Motors Acceptance Corp.,
8.00%, 11/01/2031 #............................. 966
150 Hertz Corp.,
10.50%, 01/01/2016 (G).......................... 171
200 Itabo Finance S.A.,
10.88%, 10/05/2013 (I).......................... 214
125 Nell Af Sarl,
8.38%, 08/15/2015 (I)(G)........................ 130
170 Russian Standard Bank,
8.63%, 05/05/2011 (K)........................... 172
200 Sibacademfinance plc,
9.00%, 05/12/2009 (K)........................... 204
250 Standard Bank plc,
8.75%, 02/09/2016............................... 250
515 United Rentals NA, Inc.,
6.50%, 02/15/2012............................... 520
--------
7,010
--------
FOREIGN GOVERNMENTS -- 0.4%
380 Argentina (Republic of),
7.00%, 10/03/2015............................... 356
250 Iraq (Republic of),
5.80%, 01/15/2028 (K)........................... 160
180 Turkey (Republic of),
6.88%, 03/17/2036............................... 174
200 Turkey (Republic of),
7.25%, 03/15/2015............................... 209
--------
899
--------
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
HEALTH CARE -- 0.5%
$ 190 CDRV Investors, Inc.,
9.86%, 12/01/2011 (I)(L)........................ $ 191
270 HCA, Inc.,
7.88%, 02/01/2011 #............................. 278
165 HCA, Inc.,
9.25%, 11/15/2016 (I)#.......................... 180
300 IASIS Healthcare Capital Corp.,
8.75%, 06/15/2014............................... 311
150 National Mentor Holdings, Inc.,
11.25%, 07/01/2014 #............................ 165
--------
1,125
--------
SERVICES -- 4.0%
450 Allied Waste North America, Inc.,
6.88%, 06/01/2017 #............................. 456
250 AMC Entertainment, Inc.,
11.00%, 02/01/2016 #............................ 287
125 Cap Cana S.A.,
9.63%, 11/03/2013 (I)........................... 132
125 Clarke American Corp.,
11.75%, 12/15/2013 #............................ 152
250 Compucom Systems, Inc.,
12.00%, 11/01/2014 (I)#......................... 270
5,950 Dow Jones CDX HY,
7.63%, 06/29/2012 (I)(G)........................ 5,924
450 Dow Jones CDX HY,
8.38%, 12/29/2011 (I)(G)........................ 466
250 Education Management LLC,
10.25%, 06/01/2016 (G).......................... 273
400 ISA Capital De Brasil S.A.,
8.80%, 01/30/2017 (I)........................... 431
85 Knowledge Learning Center, Inc.,
7.75%, 02/01/2015 (I)........................... 85
100 MTR Gaming Group, Inc.,
9.00%, 06/01/2012............................... 105
130 NCO Group, Inc.,
11.88%, 11/15/2014 (I).......................... 134
100 Pokagon Gaming Authority,
10.38%, 06/15/2014 (I).......................... 112
150 Sheridan Group, Inc.,
10.25%, 08/15/2011.............................. 156
300 Sirius Satellite Radio, Inc.,
9.63%, 08/01/2013 (G)........................... 300
200 SunGard Data Systems, Inc.,
10.25%, 08/15/2015 (G).......................... 220
250 Unisys Corp.,
7.88%, 04/01/2008............................... 251
250 West Corp.,
9.50%, 10/15/2014 (I)........................... 264
--------
10,018
--------
TECHNOLOGY -- 4.4%
470 Advanced Micro Devices, Inc.,
6.00%, 05/01/2015 (I)........................... 461
470 Advanced Micro Devices, Inc.,
7.75%, 11/01/2012 (G)........................... 462
</Table>
The accompanying notes are an integral part of these financial statements.
175
THE HARTFORD INCOME FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
CORPORATE BONDS: NON-INVESTMENT GRADE -- (CONTINUED)
TECHNOLOGY -- (CONTINUED)
$ 580 Charter Communications Operating LLC,
8.00%, 04/30/2012 (I)#.......................... $ 608
440 Citizens Communications Co.,
9.00%, 08/15/2031 #............................. 483
125 CSC Holdings, Inc.,
8.13%, 07/15/2009 #............................. 130
550 Dobson Cellular Systems,
8.38%, 11/01/2011 #............................. 586
270 Freescale Semiconductor, Inc.,
10.13%, 12/15/2016 (I)(G)....................... 273
180 GC Impsat Holdings,
9.88%, 02/15/2017 (I)(G)........................ 186
250 Idearc, Inc.,
8.00%, 11/15/2016 (I)........................... 261
150 Inmarsat Finance plc,
7.63%, 06/30/2012............................... 157
505 Intelsat Bermuda Ltd.,
9.25%, 06/15/2016............................... 556
100 Itron, Inc.,
7.75%, 05/15/2012............................... 103
300 Leap Wireless International, Inc.,
9.38%, 11/01/2014 (I)#.......................... 320
960 Level 3 Financing, Inc.,
12.25%, 03/15/2013 #............................ 1,122
100 MagnaChip Semiconductor,
6.88%, 12/15/2011 (G)........................... 84
160 Maxcom Telecomunicaciones,
11.00%, 12/15/2014 (I).......................... 170
740 Mediacom LLC,
9.50%, 01/15/2013 #............................. 764
250 MetroPCS Wireless, Inc.,
9.25%, 11/01/2014 (I)........................... 267
270 Momentive Performance,
9.75%, 12/01/2014 (I)........................... 286
805 Nortel Networks Ltd.,
10.75%, 07/15/2016 (I)#......................... 906
130 NXP B.V./NXP Funding LLC,
8.11%, 10/15/2013 (I)(L)........................ 134
200 Panamsat Corp.,
9.00%, 06/15/2016............................... 219
820 Qwest Communications International, Inc.,
7.50%, 02/15/2014............................... 847
250 Rural Cellular Corp.,
8.25%, 03/15/2012............................... 264
250 STATS ChipPAC Ltd.,
7.50%, 07/19/2010............................... 261
200 Vimpel Communications,
8.25%, 05/23/2016 (I)(G)........................ 215
685 Windstream Corp.,
8.63%, 08/01/2016............................... 752
--------
10,877
--------
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
TRANSPORTATION -- 0.1%
$ 135 PHI, Inc.,
7.13%, 04/15/2013 (G)........................... $ 132
--------
UTILITIES -- 0.6%
100 AES China Generating Co.,
8.25%, 06/26/2010............................... 100
100 Chivor S.S. E.S.P.,
9.75%, 12/30/2014 (K)........................... 113
79 Elwood Energy LLC,
8.16%, 07/05/2026............................... 83
315 Energipe Y Saelpa,
10.50%, 07/19/2013 (I).......................... 357
360 Kinder Morgan Finance Co.,
5.70%, 01/05/2016............................... 345
125 Markwest Energy Partners L.P.,
8.50%, 07/15/2016............................... 131
240 Mirant Americas Generation LLC,
8.30%, 05/01/2011............................... 254
100 Mirant JPSCO Finance Ltd.,
11.00%, 07/06/2016 (I).......................... 109
165 NGC Corp.,
7.13%, 05/15/2018 #............................. 160
--------
1,652
--------
Total corporate bonds: non-investment grade
(cost $43,849).................................. $ 44,894
--------
SENIOR FLOATING RATE INTERESTS NON-INVESTMENT GRADE (V) -- 8.5%
BASIC MATERIALS -- 0.9%
81 Coffeyville Resources,
8.25%, 12/21/2010 (N)........................... $ 82
418 Coffeyville Resources,
8.35%, 12/21/2013 (AA).......................... 422
452 Compass Minerals Group, Inc.,
6.85%, 12/22/2012 (N)........................... 452
310 Huntsman International LLC,
7.07%, 04/23/2014 (N)........................... 311
414 Jarden Corp.,
7.10%, 01/24/2012 (N)........................... 414
481 Tupperware Corp.,
6.84%, 11/07/2012 (N)........................... 481
--------
2,162
--------
CONSUMER CYCLICAL -- 1.0%
1,177 Ford Motor Co.,
8.36%, 12/15/2013 (N)........................... 1,184
250 Masonite International Corp. U.S. Term Loan,
7.35%, 04/30/2010 (N)........................... 245
249 Masonite International Corp. Canadian Term Loan,
7.35%, 04/30/2010 (N)........................... 243
488 Oshkosh Truck Corp.,
7.10%, 12/06/2013 (N)........................... 488
437 William Carter Co.,
6.85%, 07/14/2012 (N)........................... 436
--------
2,596
--------
</Table>
The accompanying notes are an integral part of these financial statements.
176
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
SENIOR FLOATING RATE INTERESTS NON-INVESTMENT GRADE (V) -- (CONTINUED)
CONSUMER STAPLES -- 0.4%
$ 94 Dole Food Co., Inc.,
7.23%, 04/12/2013 (AA).......................... $ 94
697 Dole Food Co., Inc.,
7.46%, 04/12/2013 (N)........................... 697
209 Dole Food Co., Inc.,
7.54%, 04/12/2013 (N)........................... 209
--------
1,000
--------
FINANCE -- 1.4%
363 Ameritrade Holding Corp.,
6.82%, 12/31/2011 (N)........................... 363
499 CB Richard Ellis Services, Inc.,
6.82%, 12/14/2013 (N)........................... 500
500 Crescent Resources LLC,
8.32%, 09/07/2012 (N)........................... 500
349 General Growth Properties, Inc.,
6.57%, 02/24/2010 (N)........................... 348
1,000 Kar Holdings Inc.,
7.57%, 10/17/2013 (N)........................... 1,006
468 Nasdaq Stock Market, Inc. Term Loan B,
7.07%, 05/22/2012 (N)........................... 469
278 Nasdaq Stock Market, Inc. Term Loan C,
7.07%, 05/22/2012 (N)........................... 279
--------
3,465
--------
HEALTH CARE -- 1.6%
1,000 Carestream Health, Inc.,
7.36%, 04/12/2013 (AA)(Q)....................... 1,001
947 DJ Orthopedics LLC,
6.88%, 04/07/2013 (N)........................... 947
496 Fresenius Medical Care AG,
6.73%, 03/31/2013 (N)........................... 495
499 HCA, Inc.,
7.60%, 11/17/2013 (N)........................... 504
388 Lifepoint Hospitals, Inc.,
6.99%, 04/15/2012 (N)........................... 387
499 Ventiv Health, Inc.,
6.85%, 10/05/2011 (N)........................... 498
--------
3,832
--------
SERVICES -- 1.6%
1,000 Bresnan Communications LLC,
7.36%, 09/29/2013 (AA)(Q)....................... 1,002
499 Cedar Fair L.P.,
7.32%, 07/21/2013 (N)........................... 503
499 Gray Television, Inc.,
6.85%, 12/31/2014 (N)........................... 498
500 MGM Mirage, Inc.,
6.41%, 10/03/2011 (N)........................... 492
498 Regal Cinemas, Inc.,
7.10%, 11/10/2010 (N)........................... 498
250 UPC Financing Partnership,
7.37%, 03/31/2013 (N)........................... 250
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
SERVICES -- (CONTINUED)
$ 250 UPC Financing Partnership,
7.37%, 12/31/2013 (N)........................... $ 250
500 Weight Watchers International, Inc.,
6.63%, 01/24/2013 (N)........................... 498
--------
3,991
--------
TECHNOLOGY -- 1.6%
307 Cincinnati Bell, Inc.,
6.82%, 08/31/2012 (N)........................... 308
167 Fleetcor Technologies Operating Co. LLC Delayed
Draw Term Loan,
7.61%, 04/30/2013 (AA)(Q)....................... 167
833 Fleetcor Technologies Operating Co. LLC Term Loan
B,
7.61%, 04/30/2013 (AA)(Q)....................... 833
500 Idearc, Inc.,
6.85%, 11/17/2013 (N)........................... 501
997 R.H. Donnelly, Inc.,
6.85%, 06/30/2011 (N)........................... 997
1,000 RCN Corp.,
7.11%, 04/19/2014 (AA)(Q)....................... 1,007
--------
3,813
--------
Total senior floating rate interests
non-investment grade
(cost $20,864).................................. $ 20,859
--------
<Caption>
CONTRACTS
- ---------
CALL OPTIONS PURCHASED -- 0.0%
ISSUER/EXPIRATION DATE/EXERCISE PRICE
-- US 10 Year Treasury Note, 05/28/2007, $110.00..... $ 1
--------
Total call options purchased
(cost $1)....................................... $ 1
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
U.S. GOVERNMENT AGENCIES -- 26.2%
FEDERAL HOME LOAN MORTGAGE CORPORATION -- 6.5%
$ 200 4.10% 2014 #...................................... $ 196
1,682 5.50% 2016 -- 2032 (G)............................ 1,727
4,349 6.00% 2032 -- 2037 #.............................. 4,410
390 6.25% 2032 (G).................................... 445
8,861 6.50% 2037 (Q).................................... 9,051
--------
15,829
--------
FEDERAL NATIONAL MORTGAGE ASSOCIATION -- 18.1%
729 5.00% 2017 -- 2022 #.............................. 721
257 5.22% 2035 (L).................................... 256
3,093 5.50% 2032 -- 2034 #.............................. 3,067
18,483 6.00% 2036 #...................................... 18,627
925 6.02% 2037 (L)#................................... 940
20,229 6.50% 2036 -- 2037 #.............................. 20,656
--------
44,267
--------
</Table>
The accompanying notes are an integral part of these financial statements.
177
THE HARTFORD INCOME FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
U.S. GOVERNMENT AGENCIES -- (CONTINUED)
SMALL BUSINESS ADMINISTRATION PARTICIPATION
CERTIFICATES -- 1.6%
$ 880 4.92% 2023........................................ $ 873
938 5.35% 2026 #...................................... 947
189 5.54% 2026........................................ 192
959 5.57% 2026 #...................................... 977
934 5.64% 2026 #...................................... 956
--------
3,945
--------
Total U.S. government agencies
(cost $63,898).................................. $ 64,041
--------
U.S. GOVERNMENT SECURITIES -- 13.8%
U.S. TREASURY SECURITIES -- 13.8%
4,710 2.38% 2011 (O)(G)................................. $ 4,895
21,500 3.88% 2009 (O)(G)................................. 27,571
155 4.50% 2036 (G).................................... 147
1,002 4.63% 2011 -- 2017 (G)............................ 1,002
--------
33,615
--------
Total U.S. government securities
(cost $33,627).................................. $ 33,615
--------
Total long-term investments
(cost $224,269)................................. $225,237
--------
SHORT-TERM INVESTMENTS -- 31.7%
FINANCE -- 0.0%
11 State Street Bank Money Market Fund............... $ 11
--------
REPURCHASE AGREEMENTS -- 11.8%
8,518 BNP Paribas Securities Corp. Repurchase Agreement,
5.10%, 05/01/2007............................... 8,518
10,092 RBS Greenwich Capital Markets,
5.10%, 05/01/2007............................... 10,092
10,221 UBS Securities, Inc. Repurchase Agreement,
5.10%, 05/01/2007............................... 10,221
--------
28,831
--------
U.S. TREASURY SECURITIES -- 0.1%
325 U.S. Treasury Bill,
5.04%, 06/14/2007 (M)(S)........................ 323
--------
<Caption>
SHARES
- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 19.8%
CASH COLLATERAL REINVESTMENT FUND:
48,182 Navigator Prime Portfolio......................... $ 48,182
--------
Total short-term investments
(cost $77,347).................................. $ 77,347
--------
Total investments in securities
(cost $301,616) (C)............................. $302,584
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 8.76% of total net assets at April 30, 2007.
(A)The aggregate value of securities valued in good faith at fair value
by, or under the direction of, the Funds' Board of Directors at April 30,
2007, was $75, which represents 0.03% of total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $301,641 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation.......................... $1,749
Unrealized depreciation.......................... (806)
------
Net unrealized appreciation...................... $ 943
======
</Table>
(G)Security is partially on loan at April 30, 2007.
# This security, or a portion of this security, has been segregated to
cover funding requirements on investment transactions settling in the
future.
(H)The following securities are considered illiquid. Illiquid securities
are often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD COST
ACQUIRED SHARES/PAR SECURITY BASIS
- -------- ---------- -------- -----
02/2006 200 CS First Boston Mortgage $198
Securities Corp., 7.27%,
11/15/2019 - 144A
03/2006 49 Home Equity Asset Trust, 4.75%, 49
6/27/2035 - 144A
</Table>
The aggregate value of these securities at April 30, 2007 was $221,
which represents 0.09% of total net assets.
(I)Securities issued within terms of a private placement
memorandum, exempt from registration under Section 144A of the Securities
Act of 1933, as amended, and may be sold only to qualified institutional
buyers. Pursuant to guidelines adopted by the Board of Directors, these
issues are determined to be liquid. The aggregate value of these securities
at April 30, 2007, was $40,695, which represents 16.66% of total net
assets.
(K)Securities contain some restrictions as to public resale. These
securities comply with Regulation S, rules governing offers and sales made
outside the United States without registration under the Securities Act of
1933, and are determined to be liquid. At April 30, 2007, the market value
of these securities amounted to $2028 or 0.83% of total net assets.
(L)Variable rate securities; the rate reported is the coupon rate in
effect at April 30, 2007.
(M)The interest rate disclosed for these securities represents
the effective yield on the date of acquisition.
(N)The interest rate disclosed for these securities represents
the effective yield as of April 30, 2007.
(P)The interest rates disclosed for interest only strips represent
effective yields based upon estimated future cash flows at April 30, 2007.
(AA)The interest rate disclosed for these securities represents an
estimated yield as of April 30, 2007.
The accompanying notes are an integral part of these financial statements.
178
- --------------------------------------------------------------------------------
(Q)The cost of securities purchased on a when-issued or delayed
delivery basis at April 30, 2007 was $5,469.
(S)Security pledged as initial margin deposit for open futures contracts
at April 30, 2007.
FUTURES CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
NUMBER OF APPRECIATION
DESCRIPTION CONTRACTS* POSITION EXPIRATION (DEPRECIATION)
----------- ---------- -------- ---------- --------------
CBT 2 Year U.S.
Treasury Note 286 Long June 2007 $(65)
CBT 5 Year U.S.
Treasury Note 330 Long June 2007 $(18)
CBT 10 Year U.S.
Treasury Note 99 Long June 2007 39
CBT U.S. Treasury
Long Bond 122 Short June 2007 114
----
$ 70
====
</Table>
* The number of contracts does not omit 000's.
(V) Senior loans in which the Fund invests generally pay interest rates
which are periodically adjusted by reference to a base short-term, floating
lending rate plus a premium. These base lending rates are generally (i) the
lending rate offered by one or more major European banks, such as the
London Inter-Bank Offered Rate (LIBOR), (ii) the prime rate offered by one
or more major United States Banks, or (iii) the bank's certificate of
deposit rate. Senior floating rate interests often require prepayments from
excess cash flows or permit the borrower to repay at its election. The rate
at which the borrower repays cannot be predicted with accuracy. As a
result, the actual remaining maturity may be substantially less than the
stated maturities shown. The interest rate indicated is the rate in effect
at April 30, 2007.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
CREDIT DEFAULT SWAP AGREEMENTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
PAY/ UNREALIZED
REFERENCE BUY/SELL RECEIVE NOTIONAL APPRECIATION
COUNTERPARTY ENTITY PROTECTION FIXED RATE EXPIRATION DATE AMOUNT (DEPRECIATION)
- ------------ --------- ---------- ---------- --------------- -------- --------------
Lehman Brothers Special
Financing, Inc. HCA, Inc. Buy 2.70% 12/20/2010 $400 $ 8
Lehman Brothers Special
Financing, Inc. HCA, Inc. Sell 3.50% 12/20/2011 400 (11)
JP Morgan Chase Bank Republic of Turkey Sell 2.52% 4/20/2017 100 (2)
----
$ (5)
====
</Table>
INTEREST RATE SWAP AGREEMENTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
PAYMENTS PAYMENTS EXPIRATION NOTIONAL APPRECIATION
COUNTERPARTY MADE BY FUND RECEIVED BY FUND DATE AMOUNT (DEPRECIATION)
- ------------ ------------ ---------------- ---------- -------- --------------
Lehman Brothers Special
Financing, Inc. $20
1 month Libor Lehman ABS AAA 5/1/2007 $40,000 ===
minus 2 bps Floating Index Rate
5.30% 5.54%
</Table>
The accompanying notes are an integral part of these financial statements.
179
THE HARTFORD INFLATION PLUS FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -- 0.0%
FINANCE -- 0.0%
$ 6,327 Prudential Commercial Mortgage Trust,
5.81%, 02/11/2036 (I)(P)................................................. $ 281
--------
Total asset & commercial
mortgage backed securities
(cost $276).............................................................. $ 281
--------
<Caption>
CONTRACTS
- ---------
CALL OPTIONS PURCHASED -- 0.0%
ISSUER/EXPIRATION DATE/EXERCISE PRICE
10,000 U.S. 5 Year Treasury Note,
02/28/2017, $1.00........................................................ $ 203
--------
Total call options purchased
(cost $240).............................................................. $ 203
--------
PUT OPTIONS PURCHASED -- 0.0%
ISSUER/EXPIRATION DATE/EXERCISE
10,000 U.S. 5 Year Treasury Note,
02/28/2017, $1.00........................................................ $ 268
--------
Total put options purchased
(cost $240).............................................................. $ 268
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SENIOR FLOATING RATE INTERESTS NON-INVESTMENT GRADE (V) -- 4.9%
BASIC MATERIALS -- 0.5%
$ 1,742 Compass Minerals Group, Inc.,
6.85%, 12/22/2012 (N).................................................... $ 1,743
1,000 Tupperware Corp.,
6.84%, 11/07/2012 (N).................................................... 999
--------
2,742
--------
CONSUMER CYCLICAL -- 0.6%
1,975 Supervalu, Inc.,
6.84%, 05/30/2013 (N).................................................... 1,982
1,504 William Carter Co.,
6.85%, 07/14/2012 (N).................................................... 1,503
--------
3,485
--------
FINANCE -- 0.5%
1,629 Ameritrade Holding Corp.,
6.82%, 12/31/2011 (N).................................................... 1,631
1,395 General Growth Properties, Inc.,
6.57%, 02/24/2010 (N).................................................... 1,392
--------
3,023
--------
HEALTH CARE -- 1.1%
1,000 Carestream Health, Inc.,
7.36%, 04/12/2013 (AA)(Q)................................................ 1,001
1,975 Community Health Systems, Inc.,
7.10%, 08/19/2011 (N).................................................... 1,978
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
HEALTH CARE -- (CONTINUED)
$ 1,975 Fresenius Medical Care AG,
6.73%, 03/31/2013 (N).................................................... $ 1,971
1,878 Lifepoint Hospitals, Inc.,
6.99%, 04/15/2012 (N).................................................... 1,875
--------
6,825
--------
SERVICES -- 0.9%
3,000 MGM Mirage, Inc.,
6.41%, 10/03/2011 (N).................................................... 2,954
1,975 Regal Cinemas, Inc.,
7.10%, 11/10/2010 (N).................................................... 1,978
--------
4,932
--------
TECHNOLOGY -- 0.7%
1,995 Mediacom Broadband,
7.10%, 01/31/2015 (N).................................................... 1,989
1,965 R.H. Donnelly, Inc.,
6.85%, 06/30/2011 (N).................................................... 1,964
--------
3,953
--------
UTILITIES -- 0.6%
1,198 Mirant North America LLC,
7.07%, 01/03/2013 (N).................................................... 1,198
2,000 NRG Energy, Inc.,
7.35%, 01/27/2013 (N).................................................... 2,014
--------
3,212
--------
Total senior floating rate interests non-investment grade
(cost $28,138)........................................................... $ 28,172
--------
SENIOR FLOATING RATE INTERESTS INVESTMENT GRADE (V) -- 0.6%
FINANCE -- 0.6%
3,500 Residential Capital Corp.,
6.07%, 07/28/2008 (N).................................................... $ 3,461
--------
Total senior floating rate interests
investment grade
(cost $3,488)............................................................ $ 3,461
--------
U.S. GOVERNMENT SECURITIES -- 101.6%
U.S. TREASURY SECURITIES -- 101.6%
20,170 0.88% 2010 (O)#............................................................ $ 20,977
7,137 1.63% 2015 (O)............................................................. 7,314
64,235 1.88% 2013 -- 2015 (O)..................................................... 67,206
179,457 2.00% 2014 -- 2026 (O)#.................................................... 184,607
93,935 2.38% 2011 -- 2027 (O)..................................................... 96,706
28,430 3.00% 2012 (O)............................................................. 33,762
22,370 3.38% 2012 -- 2032 (O)#.................................................... 30,882
20,455 3.50% 2011 (O)............................................................. 25,248
</Table>
The accompanying notes are an integral part of these financial statements.
180
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
U.S. GOVERNMENT SECURITIES -- (CONTINUED)
U.S. TREASURY SECURITIES -- (CONTINUED)
$ 24,000 3.63% 2028 (O)#............................................................ $ 36,709
54,632 3.88% 2009 -- 2029 (O)#.................................................... 75,778
--------
Total U.S. government securities
(cost $580,217).......................................................... $579,189
--------
Total long-term investments
(cost $612,599).......................................................... $611,574
--------
SHORT-TERM INVESTMENTS -- 0.7%
FINANCE -- 0.5%
$ 2,948 State Street Bank Money Market Fund........................................ $ 2,948
--------
REPURCHASE AGREEMENTS -- 0.1%
132 BNP Paribas Securities Corp. Repurchase Agreement,
5.10%, 05/01/2007........................................................ 132
157 RBS Greenwich Capital Markets,
5.10%, 05/01/2007........................................................ 157
159 UBS Securities, Inc. Repurchase Agreement,
5.10%, 05/01/2007........................................................ 159
--------
448
--------
U.S. TREASURY SECURITIES -- 0.1%
550 U.S. Treasury Bill,
4.98%, 06/14/2007 (M)(S)................................................. 547
--------
Total short-term investments
(cost $3,943)............................................................ $ 3,943
--------
Total investments in securities
(cost $616,542) (C)...................................................... $615,517
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C) At April 30, 2007, the cost of securities for federal income tax purposes
was $626,495 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................ $ 2,574
Unrealized depreciation........................ (13,552)
--------
Net unrealized depreciation.................... $(10,978)
========
</Table>
# This security, or a portion of this security, has been segregated to cover
funding requirements on investment transactions settling in the future.
(I) Securities issued within terms of a private placement memorandum, exempt
from registration under Section 144A of the Securities Act of 1933, as
amended, and may be sold only to qualified institutional buyers. Pursuant
to guidelines adopted by the Board of Directors, these issues are
determined to be liquid. The aggregate value of these securities at April
30, 2007, was $281, which represents 0.05% of total net assets.
(M) The interest rate disclosed for these securities represents the effective
yield on the date of acquisition.
(N) The interest rate disclosed for these securities represents the effective
yield as of June 30, 2007.
(O) U.S. Treasury inflation-protection securities (TIPS) are securities in
which the principal amount is adjusted for inflation and the semiannual
interest payments equal a fixed percentage of the inflation-adjusted
principal amount.
(P) The interest rates disclosed for interest only strips represent
effective yields based upon estimated future cash flows at April 30, 2007.
(AA) The interest rate disclosed for these securities represents an
estimated yield as of June 30, 2007.
(Q) The cost of securities purchased on a when-issued or delayed delivery
basis at April 30, 2007 was $1,000.
(S) Security pledged as initial margin deposit for open futures contracts at
April 30, 2007.
FUTURES CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
NUMBER OF APPRECIATION
DESCRIPTION CONTRACTS* POSITION EXPIRATION (DEPRECIATION)
----------- ---------- -------- ---------- --------------
5 Year U.S. Treasury Note 150 Long June 2007 $(35)
10 Year U.S. Treasury
Note 5 Long June 2007 --
----
$(35)
====
</Table>
* The number of contracts does not omit 000's.
(V) Senior loans in which the Fund invests generally pay interest rates which
are periodically adjusted by reference to a base short-term, floating
lending rate plus a premium. These base lending rates are generally (i)
the lending rate offered by one or more major European banks, such as the
London Inter-Bank Offered Rate (LIBOR), (ii) the prime rate offered by one
or more major United States Banks, or (iii) the bank's certificate of
deposit rate. Senior floating rate interests often require prepayments
from excess cash flows or permit the borrower to repay at its election.
The rate at which the borrower repays cannot be predicted with accuracy.
As a result, the actual remaining maturity may be substantially less than
the stated maturities shown. The interest rate indicated is the rate in
effect at April 30, 2007.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
REVERSE REPURCHASE AGREEMENTS AS OF APRIL 30, 2007
<Table>
<Caption>
PRINCIPAL MARKET
DESCRIPTION AMOUNT VALUE
----------- --------- ------
BNP Paribas Securities Corp. $(45,542) $(45,542)
======== ========
</Table>
The accompanying notes are an integral part of these financial statements.
181
THE HARTFORD INTERNATIONAL CAPITAL APPRECIATION FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 95.4%
AUSTRALIA -- 1.3%
152 Aristocrat Leisure Ltd. (A)#...................... $ 2,077
182 Brambles Ltd. (A)(D).............................. 1,986
229 Transurban Group (A).............................. 1,525
--------
5,588
--------
AUSTRIA -- 0.7%
36 Erste Bank Der Oesterreichischen Sparkassen AG
(A)............................................. 2,853
--------
BRAZIL -- 1.4%
149 Companhia Vale do Rio Doce ADR.................... 6,055
--------
CANADA -- 6.5%
81 Cameco Corp. ..................................... 3,767
25 Potash Corp. of Saskatchewan...................... 4,470
73 Research In Motion Ltd. (D)....................... 9,553
125 Rogers Communications, Inc. Class B............... 4,781
38 SNC-Lavalin Group, Inc. .......................... 1,102
53 Suncor Energy, Inc. .............................. 4,244
--------
27,917
--------
CHINA -- 2.3%
122 China CITIC Bank (D).............................. 102
1,107 China Merchants Bank Co., Ltd. (A)(D)............. 2,694
67 Ctrip.com International Ltd. ..................... 4,737
58 Suntech Power Holdings Co., Ltd. ADR (D).......... 2,093
--------
9,626
--------
DENMARK -- 1.7%
111 Vestas Wind Systems A/S (A)(D).................... 7,164
--------
FINLAND -- 2.7%
463 Nokia Oyj (A)(D)(G)............................... 11,679
--------
FRANCE -- 10.3%
86 Accor S.A. (A)(G)................................. 8,120
45 Alstom RGPT (A)(D)................................ 6,655
29 Cie Generale d'Optique Essilor International S.A.
(A)(D).......................................... 3,461
75 France Telecom S.A. (A)........................... 2,201
24 Pinault-Printemps-Redoute S.A. (A)................ 4,237
16 Vallourec (A)..................................... 4,447
181 Veolia Environment S.A. (A)....................... 14,970
--------
44,091
--------
GERMANY -- 16.3%
47 Basf AG (G)....................................... 5,583
62 Continental AG (A)................................ 8,659
28 Deutsche Boerse AG (A)............................ 6,534
57 Fresenius Medical Care AG & Co. (A)............... 8,521
300 Infineon Technologies AG (A)(D)................... 4,654
260 KarstadtQuelle AG (A)(D)(G)....................... 10,003
48 Salzgitter AG (A)................................. 7,845
32 Siemens AG (A).................................... 3,865
44 Volkswagen AG (A)(G).............................. 6,608
42 Wacker Chemie AG (A).............................. 7,616
--------
69,888
--------
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
GREECE -- 0.7%
56 National Bank of Greece (A)....................... $ 3,156
--------
HONG KONG -- 1.3%
348 China Resources Enterprise (A).................... 1,173
3,106 Shun Tak Holdings Ltd. (A)........................ 4,322
--------
5,495
--------
IRELAND -- 3.1%
472 Elan Corp. plc ADR (D)(G)......................... 6,553
149 Ryanair Holdings plc ADR (D)(G)................... 6,935
--------
13,488
--------
JAPAN -- 10.5%
76 Canon, Inc. (A)................................... 4,281
1 East Japan Railway Co. (A)........................ 4,168
60 Ibiden Co., Ltd. (A).............................. 3,416
2 Japan Tobacco, Inc. (A)........................... 8,103
528 Mitsubishi Heavy Industries Ltd. (A).............. 3,250
12 Nintendo Co., Ltd. (A)............................ 3,873
9 ORIX Corp. (A).................................... 2,506
9 Rakuten, Inc. (A)................................. 3,764
79 Sony Corp. (A).................................... 4,180
126 Sumitomo Realty & Development Co., Ltd. (A)....... 4,651
31 Yamada Denki Co., Ltd. (A)........................ 2,868
--------
45,060
--------
LUXEMBOURG -- 0.5%
27 Millicom International Cellular S.A. (D).......... 2,210
--------
MEXICO -- 0.8%
69 America Movil S.A.B de CV ADR..................... 3,640
--------
NETHERLANDS -- 4.6%
263 ASML Holding N.V. (A)(D).......................... 7,140
118 Royal Numico N.V. (A)(H).......................... 6,480
198 Unilever N.V. CVA (A)............................. 6,041
--------
19,661
--------
NORWAY -- 0.4%
59 Renewable Energy Corp. AS (A)(D).................. 1,696
--------
RUSSIA -- 0.1%
15 OAO Gazprom ADR (K)............................... 592
--------
SOUTH KOREA -- 1.6%
104 LG Electronics, Inc. (A)(D)....................... 6,925
--------
SPAIN -- 0.9%
109 Gamesa Corporacion Tecnologica S.A. (A)........... 3,748
--------
SWEDEN -- 2.0%
44 Alfa Laval AB (A)(G).............................. 2,668
288 Sandvik AB (A)(G)................................. 5,501
29 Swedish Match AB (A).............................. 535
--------
8,704
--------
SWITZERLAND -- 6.7%
121 ABB Ltd. (A)...................................... 2,419
93 Julius Baer Holding Ltd. (A)...................... 6,492
29 Nestle S.A. (A)(G)................................ 11,303
</Table>
The accompanying notes are an integral part of these financial statements.
182
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
SWITZERLAND -- (CONTINUED)
11 Nobel Biocare Holding AG (A)...................... $ 3,795
84 Swatch Group AG (A)............................... 4,867
--------
28,876
--------
TAIWAN -- 1.4%
2,595 AU Optronics Corp. (A)............................ 4,091
268 Hon Hai Precision Industry Co., Ltd. (A).......... 1,770
--------
5,861
--------
UNITED KINGDOM -- 17.6%
714 Amvescap plc (A).................................. 8,379
1,762 Arm Holdings plc (A).............................. 4,687
197 Imperial Chemical Industries plc (A).............. 2,084
555 Kesa Electricals plc (A).......................... 3,730
804 Man Group plc (A)................................. 9,000
36 Marks & Spencer Group plc (A)..................... 526
267 Michael Page International plc (A)................ 3,053
60 Next plc (A)...................................... 2,810
189 Reckitt Benckiser plc (A)......................... 10,342
444 Rolls-Royce Group plc (A)......................... 4,231
32,782 Rolls-Royce Group plc Class B..................... 66
535 Smith & Nephew plc (A)............................ 6,670
1,680 Tesco plc (A)..................................... 15,444
100 Xstrata plc (A)................................... 5,184
--------
76,206
--------
Total common stock
(cost $363,643)................................. $410,179
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 14.2%
REPURCHASE AGREEMENTS -- 3.7%
$ 5,277 Banc of America Securities TriParty Joint
Repurchase Agreement,
5.24%, 05/01/2007............................... $ 5,277
1,955 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 1,954
62 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 62
2,619 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 2,619
5,981 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 5,981
--------
15,893
--------
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 10.5%
CASH COLLATERAL REINVESTMENT FUND:
45,340 Mellon GSL DBTII Collateral Fund.................. $ 45,338
--------
Total short-term investments
(cost $61,231).................................. $ 61,231
--------
Total investments in securities
(cost $424,874) (C)............................. $471,410
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 95.39% of total net assets at April 30, 2007.
(A) The aggregate value of securities valued in good faith at fair value by,
or under the direction of, the Funds' Board of Directors at April 30,
2007, was $343,696, which represents 79.93% of total net assets.
(C) At April 30, 2007, the cost of securities for federal income tax purposes
was $427,290 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation......................... $48,020
Unrealized depreciation......................... (3,900)
-------
Net unrealized appreciation..................... $44,120
=======
</Table>
(D) Currently non-income producing.
(G) Security is partially on loan at April 30, 2007.
(H) The following securities are considered illiquid. Illiquid securities are
often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD
ACQUIRED SHARES/PAR SECURITY COST BASIS
-------- ---------- -------- ----------
11/2006-3/2007 118 Royal Numico N.V. $6,005
</Table>
The aggregate value of these securities at April 30, 2007 was $6,480,
which represents 1.51% of total net assets.
(K) Securities contain some restrictions as to public resale. These securities
comply with Regulation S, rules governing offers and sales made outside
the United States without registration under the Securities Act of 1933,
and are determined to be liquid. At April 30, 2007, the market value of
these securities amounted to $592 or 0.14% of total net assets.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
The accompanying notes are an integral part of these financial statements.
183
THE HARTFORD INTERNATIONAL CAPITAL APPRECIATION FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
FORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
MARKET CONTRACT DELIVERY APPRECIATION
DESCRIPTION TRANSACTION VALUE AMOUNT DATE (DEPRECIATION)
- ----------- ----------- ------ -------- ---------- --------------
British Pound Buy $1,632 $1,626 05/01/2007 $ 6
British Pound Sell 1,304 1,302 05/02/2007 (2)
British Pound Buy 199 199 05/03/2007 --
Canadian Dollar Sell 146 145 05/01/2007 (1)
Canadian Dollar Sell 241 240 05/02/2007 (1)
Canadian Dollar Sell 279 279 05/03/2007 --
Euro Buy 2,478 2,470 05/02/2007 8
Hong Kong Dollars Sell 29 29 05/02/2007 --
Hong Kong Dollars Sell 20 20 05/03/2007 --
Japanese Yen Sell 1,952 1,959 05/07/2007 7
Norwegian Krone Buy 738 737 05/03/2007 1
Norwegian Krone Buy 948 950 05/04/2007 (2)
Swedish Krona Buy 445 445 05/03/2007 --
Swedish Krona Buy 92 93 05/04/2007 (1)
---
$15
===
</Table>
The accompanying notes are an integral part of these financial statements.
184
THE HARTFORD INTERNATIONAL OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 98.5%
BELGIUM -- 0.5%
31 UCB S.A. (A)(G)................................... $ 1,877
--------
BRAZIL -- 2.8%
358 All America Latina Logistica S.A. ................ 4,235
139 Companhia Vale do Rio Doce ADR.................... 5,624
--------
9,859
--------
CANADA -- 8.7%
94 Cameco Corp. ..................................... 4,379
116 EnCana Corp. (G).................................. 6,077
162 Nortel Networks Corp. (D)......................... 3,696
5 Research In Motion Ltd. (D)(G)+................... 684
31 Research in Motion Ltd. (D)+...................... 4,046
36 Suncor Energy, Inc. .............................. 2,920
242 Talisman Energy, Inc. (G)......................... 4,598
82 Telus Corp. ...................................... 4,524
--------
30,924
--------
CHINA -- 3.0%
1,501 China Merchants Bank Co., Ltd. (D)(A)(G).......... 3,653
721 China Shenhua Energy Co., Ltd. (A)................ 1,782
35 Ctrip.com International Ltd. ..................... 2,482
2,862 Huaneng Power International, Inc. (A)............. 2,891
--------
10,808
--------
EGYPT -- 1.5%
79 Orascom Telecom Holding SAE GDR................... 5,297
--------
FINLAND -- 1.4%
197 Nokia Oyj (D)(A).................................. 4,959
--------
FRANCE -- 10.0%
30 Accor S.A. (A)(G)................................. 2,804
34 Alstom RGPT (D)(A)................................ 5,117
144 Axa S.A. (A)(G)................................... 6,606
54 BNP Paribas (A)(G)................................ 6,233
32 Cie Generale d'Optique Essilor International S.A.
(D)(A)(G)....................................... 3,841
30 Iliad S.A. (A)(G)................................. 3,057
67 Peugeot S.A. (A)(G)............................... 5,398
108 S.O.I. Tec S.A. (D)(A)(G)......................... 2,523
--------
35,579
--------
GERMANY -- 10.3%
39 Continental AG (A)(G)............................. 5,483
58 DaimlerChrysler AG (A)(G)......................... 4,705
24 Deutsche Boerse AG (A)(G)......................... 5,550
31 E.On AG (A)(G).................................... 4,710
239 Infineon Technologies AG (D)(A)................... 3,704
140 KarstadtQuelle AG (D)(A)(G)....................... 5,401
59 Siemens AG (A).................................... 7,153
--------
36,706
--------
GREECE -- 0.5%
43 EFG Eurobank Ergasias S.A. (A).................... 1,805
--------
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
HONG KONG -- 6.1%
1,337 Cathay Pacific Airways Ltd. (A)(G)................ $ 3,457
210 Dah Sing Financial Group (A)...................... 1,795
586 Hengan International Group Co., Ltd. (A)(G)....... 1,859
601 Hong Kong Exchanges & Clearing Ltd. (A)(G)........ 5,726
826 Hopson Development Holdings Ltd. (A).............. 1,937
222 Melco PBL Entertainment Ltd. ADR (D)(G)........... 3,861
1,292 Shangri-La Asia Ltd. (A).......................... 3,159
--------
21,794
--------
IRELAND -- 1.3%
144 Ryanair Holdings plc (D)(A)....................... 1,174
75 Ryanair Holdings plc ADR (D)(G)................... 3,482
--------
4,656
--------
ITALY -- 6.3%
255 Enel S.p.A. (A)................................... 2,893
741 Intesa Sanpaolo (D)(A)(G)......................... 6,205
56 Tod's S.p.A. (A)(G)............................... 5,216
780 UniCredito Italiano S.p.A. (A)(G)................. 8,017
--------
22,331
--------
JAPAN -- 13.7%
125 Aisin Seiki Co., Ltd. (A)......................... 4,097
56 Astellas Pharma, Inc. (A)......................... 2,445
118 Canon, Inc. (A)................................... 6,592
91 Chiyoda Corp. (A)................................. 2,088
48 Daihatsu Motor Co., Ltd. (A)(G)................... 404
37 Eisai Co., Ltd. (A)............................... 1,738
628 Japan Airlines Corp. (A).......................... 1,235
2 Japan Tobacco, Inc. (A)........................... 8,069
142 Komatsu Ltd. (A).................................. 3,367
222 Mitsubishi Electric Corp. (A)..................... 2,152
42 Mitsubishi Estate Co., Ltd. (A)................... 1,302
-- Mitsubishi UFJ Financial Group, Inc. (A).......... 3,381
69 Omron Corp. (A)................................... 1,851
8 ORIX Corp. (A).................................... 2,106
112 Sony Corp. (A).................................... 5,929
28 TDK Corp. (A)..................................... 2,415
--------
49,171
--------
LUXEMBOURG -- 1.0%
99 Evraz Group S.A. ................................. 3,486
--------
MEXICO -- 1.0%
121 Grupo Aeroportuario Del ADR (D)(G)................ 3,547
--------
NETHERLANDS -- 7.9%
177 Aercap Holdings N.V. (D)(G)....................... 5,175
181 ASML Holding N.V. (D)(A).......................... 4,904
102 ING Groep N.V. (A)(G)............................. 4,634
181 Koninklijke Philips Electronics N.V. (A).......... 7,418
109 Royal Numico N.V. (A)(G)(H)....................... 6,005
--------
28,136
--------
RUSSIA -- 4.0%
36 Lukoil ADR........................................ 2,804
13 Mining and Metallurgical Co. Norilsk Nickel ADR... 2,413
</Table>
The accompanying notes are an integral part of these financial statements.
185
THE HARTFORD INTERNATIONAL OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
RUSSIA -- (CONTINUED)
121 OAO Gazprom ADR (K)............................... $ 4,832
112 TMK OAO GDR (D) (I)............................... 4,062
--------
14,111
--------
SINGAPORE -- 0.5%
156 Singapore Airlines Ltd. (A)....................... 1,857
--------
SOUTH AFRICA -- 1.2%
136 Impala Platinum Holdings Ltd. (A)................. 4,383
--------
SWEDEN -- 1.0%
155 Assa Abloy AB (A)(G).............................. 3,459
--------
SWITZERLAND -- 6.2%
54 Credit Suisse Group (A)(G)........................ 4,251
98 Julius Baer Holding Ltd. (A)...................... 6,808
28 Nestle S.A. (A)(G)................................ 11,076
--------
22,135
--------
TURKEY -- 0.4%
119 Akbank T.A.S (A).................................. 858
120 Asya Katilim Bankasi AS (D)(A).................... 700
--------
1,558
--------
UNITED KINGDOM -- 9.2%
480 Amvescap plc (A).................................. 5,635
1,571 Old Mutual plc (A)................................ 5,577
128 Reckitt Benckiser plc (A)......................... 7,022
772 Tesco plc (A)..................................... 7,101
146 Xstrata plc (A)................................... 7,578
--------
32,913
--------
Total common stock
(cost $311,570)................................. $351,351
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 26.5%
REPURCHASE AGREEMENTS -- 0.8%
$ 866 Banc of America Securities TriParty Joint
Repurchase Agreement,
5.24%, 05/01/2007............................... $ 866
321 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 321
10 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 10
430 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 429
981 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 981
--------
2,607
--------
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 25.7%
CASH COLLATERAL REINVESTMENT FUND:
91,767 Navigator Prime Portfolio......................... $ 91,767
--------
Total short-term investments
(cost $94,374).................................. $ 94,374
--------
Total investments in securities
(cost $405,944) (C)............................. $445,725
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 98.54% of total net assets at April 30, 2007.
(A) The aggregate value of securities valued in good faith at fair value
by, or under the direction of, the Funds' Board of Directors at April 30,
2007, was $269,127, which represents 75.48% of total net assets.
(C) At April 30, 2007, the cost of securities for federal income tax
purposes was $406,010 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation......................... $45,484
Unrealized depreciation......................... (5,769)
-------
Net unrealized appreciation..................... $39,715
=======
</Table>
(D) Currently non-income producing.
(G) Security is partially on loan at April 30, 2007.
(H) The following securities are considered illiquid. Illiquid securities
are often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD
ACQUIRED SHARES/PAR SECURITY COST BASIS
-------- ---------- -------- ----------
1/2005-2/2007 109 Royal Numico N.V. $5,561
</Table>
The aggregate value of these securities at April 30, 2007 was
$6,005, which represents 1.68% of total net assets.
(I)Securities issued within terms of a private placement memorandum,
exempt from registration under Section 144A of the Securities Act of 1933,
as amended, and may be sold only to qualified institutional buyers.
Pursuant to guidelines adopted by the Board of Directors, these issues are
determined to be liquid. The aggregate value of these securities at April
30, 2007, was $4,062, which represents 1.14% of total net assets.
(K) Securities contain some restrictions as to public resale. These
securities comply with Regulation S, rules governing offers and sales made
outside the United States without registration under the Securities Act of
1933, and are determined to be liquid. At April 30, 2007, the market value
of these securities amounted to $4,832 or 1.36% of total net assets.
The accompanying notes are an integral part of these financial statements.
186
- --------------------------------------------------------------------------------
+ Listed on more than one exchange.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
FORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
MARKET CONTRACT DELIVERY APPRECIATION
DESCRIPTION TRANSACTION VALUE AMOUNT DATE (DEPRECIATION)
- ----------- ----------- ------ -------- ---------- --------------
British Pound Sell $ 799 $ 796 05/01/2007 $(3)
British Pound Sell 720 718 05/02/2007 (2)
Euro Buy 3,369 3,657 05/02/2007 12
Euro Buy 1,373 1,373 05/04/2007 --
Hong Kong Dollars Sell 163 163 05/02/2007 --
Japanese Yen Sell 120 120 05/01/2007 --
Japanese Yen Sell 515 516 05/02/2007 1
Japanese Yen Sell 287 288 05/07/2007 1
South African Rand Sell 83 83 05/02/2007 --
Swedish Krona Sell 710 707 05/02/2007 (3)
Swiss Francs Sell 362 362 05/02/2007 --
---
$ 6
===
</Table>
The accompanying notes are an integral part of these financial statements.
187
THE HARTFORD INTERNATIONAL SMALL COMPANY FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 96.2%
AUSTRALIA -- 7.9%
110 Babcock & Brown Power (D)......................... $ 296
1,984 Centamin Egypt Ltd. (D)........................... 1,726
489 Centennial Coal Co., Ltd. (A)(G).................. 1,174
497 Challenger Financial Services Group Ltd. (A)(G)... 2,175
578 Dyno Nobel Ltd. (A)(G)............................ 1,155
1,362 Emeco Holdings Ltd. (A)........................... 2,114
64 Energy Resources of Australia Ltd. (A)(G)......... 1,338
308 Programmed Maintenance Services Ltd. (A)(G)....... 1,305
1,007 Resource Pacific Holdings Ltd. (D)(A)............. 1,466
453 Seek Ltd. (A)(G).................................. 2,772
965 Tower Australia Group Ltd. (D)(A)................. 2,063
437 Transurban Group (A)(G)........................... 2,917
132 Zinifex Ltd. (A)(G)............................... 1,804
--------
22,305
--------
BELGIUM -- 2.6%
1 CFE (A)........................................... 2,189
6 D'ieteren S.A. (A)................................ 2,764
12 Umicore (A)(G).................................... 2,347
--------
7,300
--------
BERMUDA -- 0.5%
214 Lancashire Holdings Ltd. (D)(A)................... 1,512
--------
BRAZIL -- 2.1%
191 Cyrela Brazil Realty S.A. ........................ 2,059
88 Dufry South America LTDA (D)...................... 1,668
118 Lupatech S.A. .................................... 2,198
--------
5,925
--------
CANADA -- 0.3%
74 Lundin Mining Corp. (D)(G)........................ 934
--------
CHINA -- 0.5%
1,607 China Oilfield Services Ltd. (A)(G)............... 1,360
--------
DENMARK -- 2.7%
24 Carlsberg A/S Class B (A)......................... 2,684
35 Genmab A/S (D)(A)................................. 2,415
107 H. Lundbeck A/S (A)(G)............................ 2,563
--------
7,662
--------
FINLAND -- 1.4%
51 Outotec Oyj (A)(G)................................ 2,193
57 Tietoenator Oyj (A)(G)............................ 1,794
--------
3,987
--------
FRANCE -- 7.2%
26 BioMerieux S.A. (A)............................... 2,217
13 Cegedim S.A. (A).................................. 1,422
45 Ipsen (A)......................................... 2,396
36 Korian (D)(A)..................................... 1,874
407 Rhodia S.A. (D)(A)(G)............................. 1,663
120 S.O.I. Tec S.A. (D)(A)(G)......................... 2,807
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
FRANCE -- (CONTINUED)
21 Seche Environment (A)............................. $ 3,693
55 Zodiac S.A. (A)(G)................................ 4,258
--------
20,330
--------
GERMANY -- 8.7%
30 AWD Holding AG (A)(G)............................. 1,509
48 Colonia Real Estate AG (D)(A)(G).................. 2,223
48 Colonia Real Estate AG-Rights..................... 156
25 Interhyp AG (D)(A)................................ 3,078
59 KarstadtQuelle AG (D)(A).......................... 2,258
108 Kontron AG (A)(G)................................. 1,985
31 MTU Aero Engines Holdings AG (A).................. 1,781
42 Praktiker Bau-Und Heimwerkermaerkte Holding AG
(A)............................................. 1,744
44 Rhoen-Klinikum AG (A)............................. 2,614
11 Salzgitter AG (A)................................. 1,760
31 SGL Group (D)(A)(G)............................... 1,203
86 Symrise AG (D).................................... 2,524
51 Thielert AG (D)(A)(G)............................. 1,584
--------
24,419
--------
GREECE -- 1.1%
231 Hellenic Technodomiki Tev S.A. (A)................ 3,175
--------
HONG KONG -- 3.8%
5,513 China Power International Development Ltd.
(A)(G).......................................... 2,863
744 Cosco Pacific Ltd. (A)............................ 1,800
2,016 Far East Pharmaceutical
Technology Co., Ltd. (A)(D)(H)(G)............... --
983 Shangri-La Asia Ltd. (A).......................... 2,403
998 Shun Tak Holdings Ltd. (A)........................ 1,389
1,611 Techtronic Industries Co., Ltd. (A)(G)............ 2,138
--------
10,593
--------
IRELAND -- 0.7%
138 Elan Corp. plc (D)(A)(G).......................... 1,897
--------
ITALY -- 5.0%
21 Ansaldo STS S.p.A. (D)(A)......................... 285
143 Antichi Pellettieri S.p.A. (D)(A)................. 1,959
124 Banco di Desio e della Brianza S.A. (A)........... 1,572
94 Brembo S.p.A. (A)................................. 1,440
307 Immobiliare Grande Distribuzione (A)(G)........... 1,728
27 Pirelli & C. Real Estate S.p.A. (A)(G)............ 2,055
275 Safilo Group S.p.A. (D)(A)........................ 1,705
673 Sorin S.p.A. (D)(A)(G)............................ 1,695
17 Tod's S.p.A. (A)(G)............................... 1,565
--------
14,004
--------
JAPAN -- 22.0%
280 77 Bank Ltd. (A)(G)............................... 1,836
384 Daishi Bank Ltd. (A).............................. 1,627
18 Disco Corp. (A)................................... 1,112
523 Fuji Fire & Marine Insurance Co., Ltd. (A)(G)..... 2,148
227 Higo Bank Ltd. (A)................................ 1,589
218 Hitachi Metals Ltd. (A)(G)........................ 2,334
</Table>
The accompanying notes are an integral part of these financial statements.
188
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
JAPAN -- (CONTINUED)
24 Honeys Co., Ltd. (A)(G)........................... $ 1,019
96 Iino Kaiun Kaisha Ltd. (A)(G)..................... 1,150
34 Japan Petroleum Exploration Co., Ltd. (A)(G)...... 2,415
172 Japan Steel Works Ltd. (A)(G)..................... 2,028
4 Jupiter Telecommunications Co., Ltd. (D)(A)....... 3,289
1 KK DaVinci Advisors (D)(A)(G)..................... 1,496
62 Kobayashi Pharmaceutical Co., Ltd. (A)(G)......... 2,320
69 MEC Co., Ltd. (A)................................. 726
44 Milbon Co., Ltd. (A)(G)........................... 1,360
27 Musashino Bank Ltd. (A)........................... 1,465
310 Nachi-Fujikoshi Corp. (A)(G)...................... 1,656
87 Nok Corp. (A)..................................... 1,620
243 NTN Corp. (A)..................................... 2,016
56 OBIC Business Consultants Ltd. (A)(G)............. 3,292
15 OBIC Co., Ltd. (A)(G)............................. 2,830
46 Point, Inc. (A)(G)................................ 3,080
1 RISA Partners, Inc. (A)(G)........................ 2,015
156 Shionogi & Co., Ltd. (A)(G)....................... 3,042
926 Sumitomo Osaka Cement Co., Ltd. (A)(G)............ 2,700
50 Sysmex Corp. (A)(G)............................... 1,931
79 Taiyo Ink Manufacturing Co., Ltd. (A)............. 2,109
324 The Keiyo Bank Ltd. (A)........................... 1,855
44 Uni-Charm Corp. (A)(G)............................ 2,580
63 Union Tool Co. (A)(G)............................. 2,332
92 Yamaguchi Financial Group, Inc. (A)............... 1,155
--------
62,127
--------
LIECHTENSTEIN -- 1.1%
12 Verwalt & Privat-Bank AG (A)...................... 3,109
--------
MALAYSIA -- 0.5%
2,288 Air Asia BHD (D)(A)............................... 1,292
--------
MEXICO -- 0.5%
365 Empresas ICA SAB de CV (D)........................ 1,439
--------
NETHERLANDS -- 3.1%
69 Koninklijke BAM Groep N.V. (A)(G)................. 1,831
95 Ordina N.V. (A)................................... 2,312
59 SBM Offshore N.V. (A)............................. 2,127
115 Spazio Investment N.V. ........................... 2,361
--------
8,631
--------
NORWAY -- 0.5%
348 Eitzen Chemical ASA (D)(A)........................ 1,533
--------
PORTUGAL -- 0.7%
224 Mota -- Engil S.A. (A)............................ 1,859
--------
SINGAPORE -- 0.5%
1,468 Goodpack Ltd. (A)(G).............................. 1,543
--------
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
SOUTH KOREA -- 2.8%
7 Cheil Communications, Inc. (D)(A)................. $ 1,944
25 GS Engineering & Construction Corp. (A)........... 2,513
40 Hyundai Steel Co. (A)............................. 1,639
29 Mirea Asset Securities Co., Ltd. (A).............. 1,885
--------
7,981
--------
SPAIN -- 1.0%
77 Prosegur Compania de Seguridad S.A. (A)(G)........ 2,889
--------
SWEDEN -- 3.1%
57 Boliden AB (A)(G)................................. 1,420
40 Munters AB (A)(G)................................. 1,950
176 Swedish Match AB (A)(G)........................... 3,249
69 Trelleborg AB (A)(G).............................. 2,113
--------
8,732
--------
SWITZERLAND -- 2.4%
16 Bachem Holding AG Class B (A)..................... 1,339
30 Dufry Group (D)................................... 3,341
44 EFG International (D)(A).......................... 1,991
--------
6,671
--------
TURKEY -- 0.8%
389 Asya Katilim Bankasi AS (D)(A)(G)................. 2,263
--------
UNITED KINGDOM -- 12.7%
40 Derwent London plc (A)............................ 1,696
509 Fenner plc (A).................................... 2,196
370 GCAP Media plc (A)................................ 1,615
1,443 Guinness Peat Group plc (A)(G).................... 2,518
52 Homeserve plc (A)................................. 1,835
223 Informa Group plc (A)............................. 2,629
27 Mapeley Ltd. (A).................................. 2,021
250 Mears Group plc (A)............................... 1,620
311 Meggitt plc (A)................................... 1,893
262 Morgan Crucible Co. plc (A)....................... 1,458
236 Petrofac Ltd. (A)................................. 2,071
190 Redrow plc (A).................................... 2,300
138 Slough Estates plc (A)............................ 2,111
10 Speedy Hire plc (A)............................... 235
245 Star Energy Group plc (D)(A)...................... 1,013
93 Ultra Electronics Holdings plc (A)................ 2,241
68 Vedanta Resources plc (A)......................... 1,852
58 Venture Production plc (D)(A)..................... 786
335 Wolfson Microelectronics plc (D)(A)............... 2,050
222 Workspace Group plc (A)........................... 2,001
--------
36,141
--------
Total common stock
(cost $242,042)................................. $271,613
--------
</Table>
The accompanying notes are an integral part of these financial statements.
189
THE HARTFORD INTERNATIONAL SMALL COMPANY FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
SHORT-TERM INVESTMENTS -- 29.4%
REPURCHASE AGREEMENTS -- 4.1%
$ 3,890 Banc of America Securities TriParty Joint
Repurchase Agreement,
5.24%, 05/01/2007............................... $ 3,890
1,441 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 1,441
45 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 45
1,931 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 1,931
4,409 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 4,409
--------
11,716
--------
<Caption>
SHARES
- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 25.3%
CASH COLLATERAL REINVESTMENT FUND:
71,323 Navigator Prime Portfolio......................... 71,323
--------
Total short-term investments
(cost $83,039).................................. $ 83,039
--------
Total investments in securities
(cost $325,081) (C)............................. $354,652
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 96.25% of total net assets at April 30, 2007.
(A)The aggregate value of securities valued in good faith at fair value
by, or under the direction of, the Funds' Board of Directors at April 30,
2007, was $252,911, which represents 89.62% of total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $325,789 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation......................... $33,830
Unrealized depreciation......................... (4,967)
-------
Net unrealized appreciation..................... $28,863
=======
</Table>
(D)Currently non-income producing.
(G)Security is partially on loan at April 30, 2007.
(H)The following securities are considered illiquid. Illiquid securities
are often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD COST
ACQUIRED SHARES/PAR SECURITY BASIS
-------- ---------- -------- -----
03/2004- Far East Pharmaceutical
05/2004 2,016 Technology Co., Ltd. $293
</Table>
The aggregate value of these securities at April 30, 2007 rounds to
zero.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
FORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
MARKET CONTRACT DELIVERY APPRECIATION
DESCRIPTION TRANSACTION VALUE AMOUNT DATE (DEPRECIATION)
- ----------- ----------- ------ -------- ---------- --------------
Australian Dollar Buy $282 $282 05/01/2007 $--
Australian Dollar Buy 511 509 05/03/2007 2
British Pound Sell 63 63 05/01/2007 --
British Pound Sell 56 56 05/02/2007 --
British Pound Buy 462 462 05/03/2007 --
Euro Buy 282 282 05/03/2007 --
Euro Buy 685 685 05/04/2007 --
Hong Kong Dollars Sell 31 31 05/02/2007 --
Hong Kong Dollars Buy 269 269 05/03/2007 --
Japanese Yen Buy 674 679 05/01/2007 (5)
Japanese Yen Buy 155 155 05/02/2007 --
Norwegian Krone Buy 24 25 05/04/2007 (1)
---
$(4)
===
</Table>
The accompanying notes are an integral part of these financial statements.
190
THE HARTFORD LARGECAP GROWTH FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 98.7%
BASIC MATERIALS -- 1.7%
1 Carpenter Technology Corp. ....................... $ 67
1 E.I. DuPont de Nemours & Co. ..................... 62
1 Kimberly-Clark Corp. ............................. 60
-------
189
-------
CAPITAL GOODS -- 6.8%
3 Applied Materials, Inc. .......................... 64
1 Boeing Co. ....................................... 122
1 Caterpillar, Inc. ................................ 93
1 Cummins, Inc. .................................... 92
2 Lam Research Corp. (D)............................ 99
2 Novellus Systems, Inc. (D)........................ 63
6 Teradyne, Inc. (D)................................ 111
1 United Technologies Corp. ........................ 98
-------
742
-------
CONSUMER CYCLICAL -- 16.1%
1 Altria Group, Inc. ............................... 95
4 American Eagle Outfitters, Inc. .................. 115
2 AnnTaylor Stores Corp. (D)........................ 61
1 AutoZone, Inc. (D)................................ 74
3 CarMax, Inc. (D).................................. 72
2 Coach, Inc. (D)................................... 97
2 Dollar Tree Stores, Inc. (D)...................... 71
2 eBay, Inc. (D).................................... 75
1 J. C. Penney Co., Inc. ........................... 59
2 Kohl's Corp. (D).................................. 155
2 Newell Rubbermaid, Inc. .......................... 58
2 Nordstrom, Inc. .................................. 127
-- NVR, Inc. (D)..................................... 143
1 PACCAR, Inc. ..................................... 70
1 Polo Ralph Lauren Corp. .......................... 59
3 RadioShack Corp. ................................. 98
2 Ross Stores, Inc. ................................ 76
1 Target Corp. ..................................... 66
3 TJX Cos., Inc. ................................... 87
2 Wal-Mart Stores, Inc. ............................ 108
-------
1,766
-------
CONSUMER STAPLES -- 5.3%
1 Anheuser-Busch Cos., Inc. ........................ 73
2 Campbell Soup Co. ................................ 64
1 Coca-Cola Co. .................................... 64
2 H.J. Heinz Co. ................................... 83
1 Kellogg Co. ...................................... 62
1 PepsiCo, Inc. .................................... 81
1 Procter & Gamble Co. ............................. 70
1 UST, Inc. ........................................ 84
-------
581
-------
ENERGY -- 2.3%
1 Exxon Mobil Corp. ................................ 95
3 Halliburton Co. .................................. 88
1 XTO Energy, Inc. ................................. 72
-------
255
-------
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
FINANCE -- 14.2%
2 Aetna, Inc. ...................................... $ 93
1 Affiliated Managers Group, Inc. (D)............... 87
1 Aflac, Inc. ...................................... 62
1 American Express Co. ............................. 78
5 Charles Schwab Corp. ............................. 95
2 Eaton Vance Corp. ................................ 68
1 First Marblehead Corp. ........................... 52
1 Franklin Resources, Inc. ......................... 85
-- Goldman Sachs Group, Inc. ........................ 75
3 Humana, Inc. (D).................................. 193
1 IntercontinentalExchange, Inc. (D)................ 102
-- Markel Corp. (D).................................. 61
2 Philadelphia Consolidated Holding Corp. (D)....... 95
1 Principal Financial Group, Inc. .................. 69
2 UnitedHealth Group, Inc. ......................... 126
2 Wellcare Health Plans, Inc. (D)................... 135
1 Wellpoint, Inc. (D)............................... 73
-------
1,549
-------
HEALTH CARE -- 15.0%
2 Abbott Laboratories............................... 89
1 Allergan, Inc. ................................... 63
2 Amgen, Inc. (D)................................... 132
2 Barr Pharmaceuticals, Inc. (D).................... 74
1 Baxter International, Inc. ....................... 66
2 Coventry Health Care, Inc. (D).................... 140
1 Eli Lilly & Co. .................................. 67
4 Endo Pharmaceuticals Holdings, Inc. (D)........... 123
2 Forest Laboratories, Inc. (D)..................... 126
3 Johnson & Johnson................................. 167
1 Laboratory Corp. of America Holdings (D).......... 79
2 McKesson Corp. ................................... 139
2 Merck & Co., Inc. ................................ 117
1 Monsanto Co. ..................................... 86
3 Schering-Plough Corp. ............................ 98
1 Wyeth............................................. 72
-------
1,638
-------
SERVICES -- 7.6%
2 Autodesk, Inc. (D)................................ 77
1 Cognizant Technology Solutions Corp. (D).......... 68
4 Comcast Corp. Class A (D)......................... 104
4 DirecTV Group, Inc. (D)........................... 88
2 EchoStar Communications Corp. Class A (D)......... 71
1 Moody's Corp. .................................... 99
4 News Corp. Class A................................ 90
1 Omnicom Group, Inc. .............................. 88
1 SEI Investments Co. .............................. 63
2 Walt Disney Co. .................................. 84
-------
832
-------
TECHNOLOGY -- 26.3%
3 Altera Corp. (D).................................. 75
1 Apple, Inc. (D)................................... 123
5 BEA Systems, Inc. (D)............................. 59
4 BMC Software, Inc. (D)............................ 133
9 Cisco Systems, Inc. (D)........................... 245
</Table>
The accompanying notes are an integral part of these financial statements.
191
THE HARTFORD LARGECAP GROWTH FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
TECHNOLOGY -- (CONTINUED)
6 Citizens Communications Co. ...................... $ 90
1 Danaher Corp. .................................... 73
3 Dolby Laboratories, Inc. Class A (D).............. 102
3 General Electric Co. ............................. 93
-- Google, Inc. (D).................................. 86
4 Hewlett-Packard Co. .............................. 184
5 Intel Corp. ...................................... 115
2 International Business Machines Corp. ............ 177
2 Intuit, Inc. (D).................................. 62
2 Lexmark International, Inc. ADR (D)............... 95
1 Lockheed Martin Corp. ............................ 114
4 McAfee, Inc. (D).................................. 135
2 MEMC Electronic Materials, Inc. (D)............... 87
2 Microchip Technology, Inc. ....................... 69
5 Microsoft Corp. .................................. 145
3 Network Appliance, Inc. (D)....................... 110
8 Oracle Corp. (D).................................. 159
2 Qualcomm, Inc. ................................... 84
2 Raytheon Co. ..................................... 92
5 Symantec Corp. (D)................................ 84
3 VeriSign, Inc. (D)................................ 78
-------
2,869
-------
TRANSPORTATION -- 2.1%
3 AMR Corp. (D)..................................... 73
2 Continental Airlines, Inc. (D).................... 89
2 US Airways Group, Inc. (D)........................ 73
-------
235
-------
UTILITIES -- 1.3%
3 AES Corp. (D)..................................... 72
1 Exelon Corp. ..................................... 71
-------
143
-------
Total common stock
(cost $10,297).................................. $10,799
-------
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
SHORT-TERM INVESTMENTS -- 0.9%
REPURCHASE AGREEMENTS -- 0.9%
$29 BNP Paribas Securities Corp. Repurchase Agreement,
5.10%, 05/01/2007............................... $ 29
34 RBS Greenwich Capital Markets,
5.10%, 05/01/2007............................... 34
34 UBS Securities, Inc. Repurchase Agreement,
5.10%, 05/01/2007............................... 34
-------
Total short-term investments
(cost $97)...................................... $ 97
-------
Total investments in securities
(cost $10,394) (C).............................. $10,896
=======
</Table>
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $10,394 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................... $ 683
Unrealized depreciation........................... (181)
-----
Net unrealized appreciation....................... $ 502
=====
</Table>
(D)Currently non-income producing.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
192
THE HARTFORD MIDCAP FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ----------
COMMON STOCK -- 100.2%
BASIC MATERIALS -- 7.0%
1,240 Cameco Corp. ..................................... $ 57,818
238 Carlisle Cos., Inc. .............................. 9,797
1,814 Kingboard Chemical Holdings Ltd. (A).............. 8,452
661 Peabody Energy Corp. (G).......................... 31,705
191 Potash Corp. of Saskatchewan...................... 34,360
409 Precision Castparts Corp. ........................ 42,581
530 Teck Cominco Ltd. Class B......................... 40,311
----------
225,024
----------
CAPITAL GOODS -- 4.0%
780 American Standard Cos., Inc. (G).................. 42,947
813 KLA-Tencor Corp. (G).............................. 45,140
325 Lam Research Corp. (D)(G)......................... 17,473
490 Toro Co. (G)...................................... 24,597
----------
130,157
----------
CONSUMER CYCLICAL -- 19.2%
695 Abercrombie & Fitch Co. Class A................... 56,737
324 American Eagle Outfitters, Inc. (G)............... 9,535
205 BJ's Wholesale Club, Inc. (D)..................... 7,061
317 BorgWarner, Inc. (G).............................. 24,659
943 CarMax, Inc. (D)(G)............................... 23,510
269 Children's Place Retail Stores, Inc. (D)(G)....... 14,233
135 Crocs, Inc. (D)................................... 7,516
864 Cytyc Corp. (D)(G)................................ 30,421
436 Fastenal Co. (G).................................. 17,920
764 Foster Wheeler Ltd. (D)........................... 52,600
385 Gildan Activewear, Inc. (D)....................... 24,525
1,056 Li & Fung Ltd. (A)................................ 3,281
1,073 Newell Rubbermaid, Inc. .......................... 32,909
445 O'Reilly Automotive, Inc. (D)(G).................. 15,846
525 Oshkosh Truck Corp. (G)........................... 29,341
164 Paccar, Inc. (G).................................. 13,802
696 Patterson Cos., Inc. (D)(G)....................... 25,094
6,694 Peace Mark Holdings Ltd. (A)...................... 7,492
1,279 PetSmart, Inc. (G)................................ 42,453
465 Pool Corp. ....................................... 18,664
963 Saks, Inc. (G).................................... 20,169
1,708 Supervalu, Inc. (G)............................... 78,402
766 Tiffany & Co. (G)................................. 36,545
831 TRW Automotive Holdings Corp. (D)................. 30,793
----------
623,508
----------
CONSUMER STAPLES -- 1.9%
606 Clorox Co. (G).................................... 40,671
923 Tyson Foods, Inc. Class A (G)..................... 19,352
----------
60,023
----------
ENERGY -- 4.9%
865 GlobalSantaFe Corp. .............................. 55,298
430 Murphy Oil Corp. (G).............................. 23,828
463 Noble Energy, Inc. ............................... 27,253
391 Southwestern Energy Co. (D)....................... 16,435
1,101 Western Oil Sands, Inc. Class A (D)............... 35,755
----------
158,569
----------
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ----------
FINANCE -- 13.6%
6,356 Aberdeen Asset Management plc (A)................. $ 27,683
477 Ambac Financial Group, Inc. (G)................... 43,743
470 Assurant, Inc. ................................... 27,062
98 Blackrock, Inc. (G)............................... 14,626
717 Commerce Bancorp, Inc. (G)........................ 23,973
3,055 Country Garden Holdings Co. (D)................... 2,753
1,219 E*Trade Financial Corp. (D)(G).................... 26,920
206 Everest Re Group Ltd. ............................ 20,732
442 Health Net, Inc. (D)(G)........................... 23,900
2,393 Hong Kong Exchanges & Clearing Ltd. (A)........... 22,797
1,087 Host Hotels & Resorts, Inc. (G)................... 27,870
632 State Street Corp. (G)............................ 43,525
941 T. Rowe Price Group, Inc. (G)..................... 46,743
1,704 UCBH Holdings, Inc. (G)........................... 30,606
1,352 Unum Group (G).................................... 33,633
516 Webster Financial Corp. (G)....................... 22,932
----------
439,498
----------
HEALTH CARE -- 11.5%
660 Amylin Pharmaceuticals, Inc. (D)(G)............... 27,278
872 Barr Pharmaceuticals, Inc. (D)(G)................. 42,151
386 Cephalon, Inc. (D)(G)............................. 30,739
702 Charles River Laboratories International, Inc.
(D)(G).......................................... 33,223
614 Dade Behring Holdings, Inc. ...................... 30,144
448 Eisai Co., Ltd. (A)............................... 21,278
728 Elan Corp. plc ADR (D)............................ 10,109
977 Manor Care, Inc. (G).............................. 63,390
459 Respironics, Inc. (D)............................. 18,697
1,179 Shionogi & Co., Ltd. (A).......................... 22,976
624 St. Jude Medical, Inc. (D)(G)..................... 26,714
505 Universal Health Services, Inc. Class B (G)....... 30,669
484 Vertex Pharmaceuticals, Inc. (D)(G)............... 14,875
----------
372,243
----------
SERVICES -- 19.2%
534 Alliance Data Systems Corp. (D)(G)................ 34,001
1,949 Allied Waste Industries, Inc. (D)(G).............. 26,051
465 Apollo Group, Inc. Class A (D).................... 22,009
724 Autodesk, Inc. (D)(G)............................. 29,867
1,575 BISYS Group, Inc. (D)(G).......................... 18,224
397 C.H. Robinson Worldwide, Inc. (G)................. 21,240
1,060 Cablevision Systems Corp. (D)..................... 34,730
1,897 Cadence Design Systems, Inc. (D)(G)............... 42,102
344 Cognizant Technology Solutions Corp. (D).......... 30,745
1,420 Equifax, Inc. (D)(G).............................. 56,512
377 Fluor Corp. (G)................................... 36,039
481 Focus Media Holding Ltd. ADR (D)(G)............... 17,782
279 ITT Educational Services, Inc. (D)................ 27,141
576 Manpower, Inc. ................................... 46,184
1,273 MoneyGram International, Inc. (G)................. 36,200
631 Monster Worldwide, Inc. (D)(G).................... 26,538
1,715 Republic Services, Inc. .......................... 47,890
916 Robert Half International, Inc. (G)............... 30,503
</Table>
The accompanying notes are an integral part of these financial statements.
193
THE HARTFORD MIDCAP FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ----------
COMMON STOCK -- (CONTINUED)
SERVICES -- (CONTINUED)
129 Strayer Education, Inc. .......................... $ 16,090
402 Weight Watchers International, Inc. .............. 19,292
----------
619,140
----------
TECHNOLOGY -- 12.2%
2,180 Activision, Inc. (D)(G)........................... 43,590
2,331 Altera Corp. (D)(G)............................... 52,545
317 American Reprographics Co. LLC (D)(G)............. 10,531
1,151 American Tower Corp. Class A (D)(G)............... 43,750
676 Beckman Coulter, Inc. (G)......................... 42,441
683 Linear Technology Corp. (G)....................... 25,558
470 MEMC Electronic Materials, Inc. (D)............... 25,788
1,511 Network Appliance, Inc. (D)....................... 56,217
230 NII Holdings, Inc. Class B (D)(G)................. 17,622
469 Rockwell Collins, Inc. ........................... 30,806
461 Roper Industries, Inc. (G)........................ 25,860
2,670 Sonus Networks, Inc. (D)(G)....................... 20,638
----------
395,346
----------
TRANSPORTATION -- 2.5%
279 Expeditors International of Washington, Inc.
(G)............................................. 11,671
1,321 J.B. Hunt Transport Services, Inc. (G)............ 35,757
705 Landstar System, Inc. (G)......................... 34,049
----------
81,477
----------
UTILITIES -- 4.2%
1,543 Northeast Utilities (G)........................... 49,631
678 NRG Energy, Inc. (D)(G)........................... 53,495
610 PNM Resources, Inc. (G)........................... 19,846
339 Suntech Power Holdings Co., Ltd. ADR (D)(G)....... 12,292
----------
135,264
----------
Total common stock
(cost $2,600,663)............................... $3,240,249
----------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 18.2%
REPURCHASE AGREEMENTS -- 0.3%
$ 3,127 Banc of America TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 3,127
1,158 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 1,158
36 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 36
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ----------
REPURCHASE AGREEMENTS -- 0.3% -- (CONTINUED)
$ 1,552 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 1,552
3,544 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 3,544
----------
9,417
----------
<Caption>
SHARES
- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 17.9%
CASH COLLATERAL REINVESTMENT FUND:
578,128 Mellon GSL DBTII Collateral Fund.................. 578,097
----------
Total short-term investments
(cost $587,514)................................. $ 587,514
----------
Total investments in securities
(cost $3,188,177) (C)........................... $3,827,763
==========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 9.21% of total net assets at April 30, 2007.
(A) The aggregate value of securities valued in good faith at fair value by,
or under the direction of, the Funds' Board of Directors at April 30,
2007, was $113,959, which represents 3.52% of total net assets.
(C) At April 30, 2007, the cost of securities for federal income tax purposes
was $3,189,968 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................ $654,788
Unrealized depreciation........................ (16,992)
--------
Net unrealized appreciation.................... $637,796
========
</Table>
(D) Currently non-income producing.
(G) Security is partially on loan at April 30, 2007.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
FORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
MARKET CONTRACT DELIVERY UNREALIZED
DESCRIPTION TRANSACTION VALUE AMOUNT DATE APPRECIATION
----------- ----------- ------ -------- ---------- ------------
Hong Kong Dollars Buy $1,767 $1,768 05/02/2007 $(1)
Hong Kong Dollars Buy 2,478 2,478 05/03/2007 --
Japanese Yen Sell 1,827 1,840 05/01/2007 13
Japanese Yen Sell 2,996 2,998 05/02/2007 2
Japanese Yen Sell 4,622 4,637 05/07/2007 15
---
$29
===
</Table>
The accompanying notes are an integral part of these financial statements.
194
THE HARTFORD MIDCAP GROWTH FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 98.9%
BASIC MATERIALS -- 7.7%
1 Airgas, Inc. ..................................... $ 63
1 Ball Corp. ....................................... 54
2 Cabot Corp. ...................................... 98
-- Carpenter Technology Corp. ....................... 52
4 Celanese Corp. ................................... 118
2 Church & Dwight Co., Inc. ........................ 76
7 Domtar Corp. (D).................................. 66
4 Goodyear Tire & Rubber Co. (D).................... 116
2 International Flavors & Fragrances, Inc. ......... 80
1 PPG Industries, Inc. ............................. 99
1 Precision Castparts Corp. ........................ 54
2 Rohm & Haas Co. .................................. 81
2 Sealed Air Corp. ................................. 76
1 Southern Copper Corp. ............................ 66
5 Timken Co. ....................................... 163
3 USG Corp. (D)..................................... 136
4 Valhi, Inc. ...................................... 60
-------
1,458
-------
CAPITAL GOODS -- 4.2%
1 Cummins, Inc. .................................... 76
2 International Game Technology..................... 70
2 Joy Global, Inc. ................................. 79
2 Manitowoc Co., Inc. .............................. 113
1 National Oilwell Varco, Inc. (D).................. 66
2 Novellus Systems, Inc. (D)........................ 74
2 Pall Corp. ....................................... 69
1 Rockwell Automation, Inc. ........................ 66
7 Teradyne, Inc. (D)................................ 115
1 Terex Corp. (D)................................... 73
-------
801
-------
CONSUMER CYCLICAL -- 16.5%
4 American Eagle Outfitters, Inc. .................. 114
1 AutoZone, Inc. (D)................................ 97
2 Avnet, Inc. (D)................................... 95
7 CarMax, Inc. (D).................................. 166
3 Coach, Inc. (D)................................... 150
2 D.R. Horton, Inc. ................................ 47
2 Dick's Sporting Goods, Inc. (D)................... 104
5 Dollar Tree Stores, Inc. (D)...................... 191
3 Family Dollar Stores, Inc. ....................... 102
8 GameStop Corp. Class A (D)........................ 259
2 J. C. Penney Co., Inc. ........................... 122
2 Kroger Co. ....................................... 49
1 MDC Holdings, Inc. ............................... 73
4 Nalco Holding Co. ................................ 94
5 Newell Rubbermaid, Inc. .......................... 159
4 Nordstrom, Inc. .................................. 242
-- NVR, Inc. (D)..................................... 132
1 PACCAR, Inc. ..................................... 99
3 PetSmart, Inc. ................................... 93
1 Polo Ralph Lauren Corp. .......................... 91
6 RadioShack Corp. ................................. 182
4 Ross Stores, Inc. ................................ 126
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
CONSUMER CYCLICAL -- (CONTINUED)
3 Scotts Miracle-Gro Co. Class A.................... $ 121
2 Sherwin-Williams Co. ............................. 98
2 TJX Cos., Inc. ................................... 68
1 Yum! Brands, Inc. ................................ 69
-------
3,143
-------
CONSUMER STAPLES -- 3.4%
2 Avon Products, Inc. .............................. 76
2 Campbell Soup Co. ................................ 74
3 H.J. Heinz Co. ................................... 145
2 McCormick & Co., Inc. ............................ 62
6 Sally Beauty Co., Inc. (D)........................ 61
3 UST, Inc. ........................................ 171
1 William Wrigley, Jr. Co. ......................... 55
-------
644
-------
ENERGY -- 7.0%
1 ENSCO International, Inc. ........................ 80
2 Frontier Oil Corp. ............................... 69
2 Global Industries (D)............................. 49
2 Helix Energy Solutions Group, Inc. (D)............ 78
3 Helmerich & Payne, Inc. .......................... 92
6 Patterson-UTI Energy, Inc. ....................... 137
2 Plains Exploration & Production Co. (D)........... 101
4 Pride International, Inc. (D)..................... 139
3 Rowan Companies, Inc. ............................ 97
2 St. Mary Land & Exploration Co. .................. 57
1 Sunoco, Inc. ..................................... 91
3 Unit Corp. (D).................................... 152
3 W&T Offshore, Inc. ............................... 91
3 Williams Cos., Inc. .............................. 94
-------
1,327
-------
FINANCE -- 14.9%
-- Affiliated Managers Group, Inc. (D)............... 58
4 CB Richard Ellis Group, Inc. Class A (D).......... 122
1 Developers Diversified Realty Corp. .............. 48
4 Eaton Vance Corp. ................................ 138
1 Federal Realty Investment Trust................... 105
2 Federated Investors, Inc. ........................ 60
5 First Marblehead Corp. ........................... 179
5 Humana, Inc. (D).................................. 297
1 Jones Lang LaSalle, Inc. ......................... 99
1 Macerich Co. ..................................... 131
-- Markel Corp. (D).................................. 94
1 Mastercard, Inc. ................................. 97
2 Nuveen Investments, Inc. Class A.................. 115
1 Nymex Holdings, Inc. (D).......................... 73
1 NYSE Euronext (D)................................. 69
3 Philadelphia Consolidated Holding Corp. (D)....... 111
1 Public Storage, Inc. ............................. 77
1 SL Green Realty Corp. ............................ 124
2 T. Rowe Price Group, Inc. ........................ 91
3 Taubman Centers, Inc. ............................ 163
3 Ventas, Inc. ..................................... 145
</Table>
The accompanying notes are an integral part of these financial statements.
195
THE HARTFORD MIDCAP GROWTH FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
FINANCE -- (CONTINUED)
2 Weingarten Realty Investments..................... $ 108
4 Wellcare Health Plans, Inc. (D)................... 340
-------
2,844
-------
HEALTH CARE -- 8.1%
2 Amerisource Bergen Corp. ......................... 106
3 Barr Pharmaceuticals, Inc. (D).................... 130
3 Coventry Health Care, Inc. (D).................... 175
1 Edwards Lifesciences Corp. (D).................... 58
8 Endo Pharmaceuticals Holdings, Inc. (D)........... 232
3 Forest Laboratories, Inc. (D)..................... 166
1 Hospira, Inc. (D)................................. 52
6 ImClone Systems, Inc. (D)......................... 253
4 Inverness Medical Innovation (D).................. 160
1 Kinetic Concepts, Inc. (D)........................ 53
1 Laboratory Corp. of America Holdings (D).......... 88
3 Mylan Laboratories, Inc. ......................... 75
-------
1,548
-------
SERVICES -- 13.1%
3 Autodesk, Inc. (D)................................ 126
14 Avaya, Inc. (D)................................... 182
2 Clear Channel Outdoor Holdings, Inc. (D).......... 59
1 Cognizant Technology Solutions Corp. (D).......... 79
2 Convergys Corp. (D)............................... 55
1 Corrections Corp. of America (D).................. 78
2 DreamWorks Animation SKG, Inc. (D)................ 54
1 DST Systems, Inc. (D)............................. 101
2 EchoStar Communications Corp. Class A (D)......... 86
6 Electronic Data Systems Corp. .................... 172
3 Expedia, Inc. (D)................................. 68
1 Express Scripts, Inc. (D)......................... 63
2 Factset Research Systems, Inc. ................... 119
2 Harsco Corp. ..................................... 84
2 Hilton Hotels Corp. .............................. 68
12 iGate Corp. (D)................................... 85
4 Interpublic Group of Co., Inc. (D)................ 51
1 ITT Educational Services, Inc. (D)................ 56
1 Lamar Advertising Co. ............................ 57
2 Liberty Global, Inc. (D).......................... 65
3 Liberty Media -- Interactive A (D)................ 78
1 MGM Mirage, Inc. (D).............................. 99
2 Paychex, Inc. .................................... 58
2 Pediatrix Medical Group, Inc. (D)................. 111
2 SEI Investments Co. .............................. 138
1 Stericycle, Inc. (D).............................. 94
5 URS Corp. (D)..................................... 209
-------
2,495
-------
TECHNOLOGY -- 20.5%
7 Altera Corp. (D).................................. 156
3 American Tower Corp. Class A (D).................. 109
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
TECHNOLOGY -- (CONTINUED)
2 AMETEK, Inc. ..................................... $ 63
3 Amphenol Corp. Class A............................ 97
4 Applera Corp. -- Applied Biosystems Group......... 137
6 AVX Corp. ........................................ 100
9 BEA Systems, Inc. (D)............................. 100
6 BMC Software, Inc. (D)............................ 193
6 CA, Inc. ......................................... 155
2 Dentsply International, Inc. ..................... 50
4 Dolby Laboratories, Inc. Class A (D).............. 145
2 IAC/Interactive Corp. (D)......................... 68
3 Intuit, Inc. (D).................................. 85
3 Juniper Networks, Inc. (D)........................ 63
1 L-3 Communications Holdings, Inc. ................ 70
3 Lexmark International, Inc. ADR (D)............... 173
4 McAfee, Inc. (D).................................. 117
4 MEMC Electronic Materials, Inc. (D)............... 244
1 Mettler-Toledo International, Inc. (D)............ 113
2 Microchip Technology, Inc. ....................... 65
5 National Semiconductor Corp. ..................... 120
2 NCR Corp. (D)..................................... 98
2 Network Appliance, Inc. (D)....................... 82
4 Rambus, Inc. (D).................................. 70
1 Rockwell Collins, Inc. ........................... 89
2 SBA Communications Corp. (D)...................... 60
4 Telephone and Data Systems, Inc. ................. 245
4 Total System Services, Inc. ...................... 121
4 Trimble Navigation Ltd. (D)....................... 100
2 U.S. Cellular Corp. (D)........................... 154
2 VeriSign, Inc. (D)................................ 64
3 Waters Corp. (D).................................. 170
2 WebMD Health Corp. (D)............................ 96
4 Xilinx, Inc. ..................................... 121
-------
3,893
-------
TRANSPORTATION -- 1.4%
3 AMR Corp. (D)..................................... 83
3 Continental Airlines, Inc. (D).................... 94
2 Harley-Davidson, Inc. ............................ 98
-------
275
-------
UTILITIES -- 2.1%
1 Constellation Energy Group, Inc. ................. 75
6 El Paso Corp. .................................... 82
3 NRG Energy, Inc. (D).............................. 242
-------
399
-------
Total common stock
(cost $18,443).................................. $18,827
-------
</Table>
The accompanying notes are an integral part of these financial statements.
196
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 0.7%
REPURCHASE AGREEMENTS -- 0.7%
$37 BNP Paribas Securities Corp. Repurchase Agreement,
5.10%, 05/01/2007............................... $ 37
43 RBS Greenwich Repurchase Agreement,
5.10%, 05/01/2007............................... 43
44 UBS Securities, Inc. Repurchase Agreement,
5.10%, 05/01/2007............................... 44
-------
124
-------
Total short-term investments
(cost $124)..................................... $ 124
-------
Total investments in securities
(cost $18,567) (C).............................. $18,951
=======
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $18,600 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................... $ 651
Unrealized depreciation........................... (300)
-----
Net unrealized appreciation....................... $ 351
=====
</Table>
(D)Currently non-income producing.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
197
THE HARTFORD MIDCAP VALUE FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 98.6%
BASIC MATERIALS -- 12.0%
84 Arch Coal, Inc. .................................. $ 3,015
100 Carlisle Cos., Inc. .............................. 4,135
211 Celanese Corp. ................................... 6,992
26 Century Aluminum Co. (D).......................... 1,211
481 Chemtura Corp. ................................... 5,303
69 Cleveland-Cliffs, Inc. ........................... 4,781
133 Cytec Industries, Inc. ........................... 7,280
69 FMC Corp. ........................................ 5,277
158 Mueller Water Products, Inc. Class B (G).......... 2,268
246 Owens-Illinois, Inc. (D).......................... 7,405
98 Shaw Group, Inc. (D).............................. 3,162
193 UAP Holding Corp. (G)............................. 5,346
--------
56,175
--------
CAPITAL GOODS -- 12.7%
108 AGCO Corp. (D)(G)................................. 4,515
72 Alliant Techsystems, Inc. (D)(G).................. 6,743
110 American Standard Cos., Inc. ..................... 6,068
26 Black & Decker Corp. ............................. 2,322
238 Goodrich Corp. ................................... 13,539
97 Kennametal, Inc. ................................. 6,823
121 Toro Co. ......................................... 6,060
196 Varian Semiconductor Equipment Associates, Inc.
(D)(G).......................................... 12,977
--------
59,047
--------
CONSUMER CYCLICAL -- 8.8%
76 American Axle & Manufacturing Holdings, Inc.
(G)............................................. 2,116
62 BorgWarner, Inc. (G).............................. 4,823
263 Circuit City Stores, Inc. (G)..................... 4,581
165 Copart, Inc. (D).................................. 4,770
302 Foot Locker, Inc. ................................ 7,187
30 MDC Holdings, Inc. ............................... 1,548
36 Newell Rubbermaid, Inc. .......................... 1,101
163 Ruby Tuesday, Inc. ............................... 4,349
46 TRW Automotive Holdings Corp. (D)(G).............. 1,697
103 United Stationers, Inc. (D)....................... 6,137
96 Walter Industries (G)............................. 2,844
--------
41,153
--------
CONSUMER STAPLES -- 4.2%
118 Bunge Ltd. Finance Corp. ......................... 8,917
5,034 Marine Harvest (D)(A)............................. 5,376
70 Smithfield Foods, Inc. (D)(G)..................... 2,125
159 Tyson Foods, Inc. Class A......................... 3,326
--------
19,744
--------
ENERGY -- 4.0%
168 Brasil EcoDiesel Industria ADR (D)................ 769
314 Brasil EcoDiesel Industria (D) (I)................ 1,438
157 Newfield Exploration Co. (D)...................... 6,851
94 Noble Energy, Inc. ............................... 5,540
145 UGI Corp. ........................................ 4,101
--------
18,699
--------
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
FINANCE -- 17.3%
45 Affiliated Managers Group, Inc. (D)(G)............ $ 5,282
92 AMBAC Financial Group, Inc. ...................... 8,409
122 CIT Group, Inc. .................................. 7,283
26 City National Corp. .............................. 1,882
123 Commerce Bancorp, Inc. (G)........................ 4,116
258 E*Trade Financial Corp. (D)....................... 5,703
59 Everest Re Group Ltd. ............................ 5,968
249 Genesis Lease Ltd. ............................... 6,718
212 Huntington Bancshares, Inc. (G)................... 4,700
265 KKR Financial Corp. (G)........................... 7,067
145 Platinum Underwriters Holdings Ltd. .............. 4,952
112 Reinsurance Group of America, Inc. (G)............ 6,971
31 UnionBanCal Corp. ................................ 1,894
210 Unum Group........................................ 5,235
97 Webster Financial Corp. .......................... 4,289
--------
80,469
--------
HEALTH CARE -- 7.4%
182 Barr Pharmaceuticals, Inc. (D).................... 8,797
118 Cooper Co., Inc. (G).............................. 6,030
225 Endo Pharmaceuticals Holdings, Inc. (D)........... 6,949
536 Impax Laboratories, Inc. (D)...................... 5,414
227 Theravance, Inc. (D).............................. 7,530
--------
34,720
--------
SERVICES -- 11.8%
189 Avis Budget Group, Inc. .......................... 5,322
497 BearingPoint, Inc. (D)(G)......................... 3,647
47 Cablevision Systems Corp. (D)..................... 1,531
114 CACI International, Inc. Class A (D).............. 5,195
194 Entercom Communications Corp. .................... 5,368
195 IMS Health, Inc. ................................. 5,719
193 R.H. Donnelley Corp. (D)(G)....................... 15,101
167 R.R. Donnelley & Sons Co. ........................ 6,729
256 Unisys Corp. (D).................................. 2,009
107 URS Corp. (D)..................................... 4,654
--------
55,275
--------
TECHNOLOGY -- 13.2%
283 Arrow Electronics, Inc. (D)....................... 11,164
497 Cinram International Income Fund.................. 11,166
85 Embarq Corp. ..................................... 5,103
322 Fairchild Semiconductor International, Inc. (D)... 5,674
543 Flextronics International Ltd. (D)................ 6,050
64 NCR Corp. (D)..................................... 3,216
118 Powerwave Technologies, Inc. (D)(G)............... 738
255 QLogic Corp. (D).................................. 4,565
182 Solar Cayman Ltd. (A)(D)(H)....................... 2,733
156 Syniverse Holdings, Inc. (D)...................... 1,610
139 Tektronix, Inc. .................................. 4,088
208 Virgin Media, Inc. ............................... 5,248
--------
61,355
--------
</Table>
The accompanying notes are an integral part of these financial statements.
198
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
TRANSPORTATION -- 1.9%
85 Trinity Industries, Inc. (G)...................... $ 3,942
147 UAL Corp. (D)(G).................................. 4,910
--------
8,852
--------
UTILITIES -- 5.3%
193 Northeast Utilities (G)........................... 6,196
241 PPL Corp. ........................................ 10,505
43 SBM Offshore N.V. (A)............................. 1,542
129 Wisconsin Energy Corp. (G)........................ 6,288
--------
24,533
--------
Total common stock
(cost $359,211)................................. $460,020
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 15.7%
REPURCHASE AGREEMENTS -- 1.0%
$ 1,616 Banc of America TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 1,616
598 BNP Paribas Security Corp. TriParty Joint
Repurchase Agreement,
5.24%, 05/01/2007............................... 598
19 Deutsche Bank Securities Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 19
802 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 802
1,831 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 1,831
--------
4,866
--------
<Caption>
SHARES
- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 14.7%
CASH COLLATERAL REINVESTMENT FUND:
68,417 Mellon GSL DBTII Collateral Fund.................. 68,413
--------
Total short-term investments
(cost $73,279).................................. $ 73,279
--------
Total investments in securities
(cost $432,490) (C)............................. $533,299
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 5.79% of total net assets at April 30, 2007.
(A) The aggregate value of securities valued in good faith at fair value by,
or under the direction of, the Funds' Board of Directors at April 30,
2007, was $9,651, which represents 2.01% of total net assets.
(C) At April 30, 2007, the cost of securities for federal income tax purposes
was $432,739 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................ $106,053
Unrealized depreciation........................ (5,493)
--------
Net unrealized appreciation.................... $100,560
========
</Table>
(D) Currently non-income producing.
(G) Security is partially on loan at April 30, 2007.
(H) The following securities are considered illiquid. Illiquid securities are
often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD
ACQUIRED SHARES/PAR SECURITY COST BASIS
-------- ---------- -------- ----------
03/2007 182 Solar Cayman Ltd. $2,733
</Table>
The aggregate value of these securities at April 30, 2007 was $2,733, which
represents 0.59% of total net assets.
(I) Securities issued within terms of a private placement memorandum, exempt
from registration under Section 144A of the Securities Act of 1933, as
amended, and may be sold only to qualified institutional buyers. Pursuant
to guidelines adopted by the Board of Directors, these issues are
determined to be liquid. The aggregate value of these securities at April
30, 2007, was $1,438, which represents 0.31% of total net assets.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
The accompanying notes are an integral part of these financial statements.
199
THE HARTFORD MONEY MARKET FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MATURITY MARKET
AMOUNT YIELD DATE VALUE (W)
- --------- ----- ---------- ---------
CONSUMER STAPLES -- 1.1%
$3,100 ALCOA, Inc........................................ 5.32% 07/11/2007 $ 3,068
FINANCE -- 98.8%
3,200 American Express Credit Corp...................... 5.26% 06/15/2007 3,179
3,500 American Express Credit Corp. (L)................. 5.32% 06/12/2007 3,500
3,500 American General Finance Corp. (L)................ 5.41% 06/08/2007 3,500
3,600 American Honda Finance Corp....................... 5.24% 05/10/2007 3,595
3,500 American Honda Finance Corp. (I)(L)............... 5.33% 08/08/2007 3,500
4,600 Amsterdam Funding Corp............................ 5.25% 05/04/2007 4,598
4,750 Amsterdam Funding Corp............................ 5.28% 06/07/2007 4,724
3,500 Bank of America Corp.............................. 5.28% 07/20/2007 3,459
3,300 Bank of America Corp. (L)......................... 5.32% 05/15/2007 3,337
3,500 Bank of America Corp. (L)......................... 5.36% 11/08/2007 3,500
4,250 Barton Capital Corp............................... 5.24% 05/11/2007 4,244
5,150 Barton Capital Corp............................... 5.27% 05/21/2007 5,135
1,395 Barton Capital Corp............................... 5.30% 05/01/2007 1,395
3,000 Bear Stearns & Co., Inc. (L)...................... 5.31% 05/13/2008 3,000
2,900 Bear Stearns & Co., Inc. (L)...................... 5.32% 06/29/2007 2,912
3,000 Bradford & Bingley plc............................ 5.26% 05/02/2007 3,000
3,250 Bradford & Bingley plc............................ 5.28% 05/22/2007 3,240
3,100 Britannia Building Society........................ 5.28% 05/31/2007 3,087
4,700 Cafco LLC (I)..................................... 5.25% 05/30/2007 4,680
4,700 Cafco LLC......................................... 5.26% 05/07/2007 4,696
6,000 Caterpillar Financial Services Corp. (L).......... 5.37% 07/27/2007 6,000
3,000 Citibank NA (L)................................... 5.29% 06/14/2007 3,000
3,550 Citibank NA....................................... 5.32% 05/16/2007 3,550
3,500 Citigroup Funding, Inc............................ 5.31% 08/27/2007 3,440
3,100 Countrywide Financial Corp........................ 5.32% 05/17/2007 3,093
3,100 Countrywide Financial Corp........................ 5.32% 05/29/2007 3,087
3,000 Danske Bank (I)(L)................................ 5.29% 05/19/2008 3,000
3,000 General Electric Capital Corp..................... 5.24% 05/24/2007 2,990
4,200 General Electric Capital Corp..................... 5.25% 05/29/2007 4,183
2,600 General Electric Capital Corp. (L)................ 5.28% 05/23/2008 2,600
3,670 Goldman Sachs Group............................... 5.28% 07/26/2007 3,624
3,500 Goldman Sachs Group............................... 5.29% 07/13/2007 3,463
3,000 HBOS Treasury Services plc........................ 5.25% 05/08/2007 2,997
3,560 HBOS Treasury Services plc (I)(L)................. 5.31% 05/08/2008 3,560
3,200 HSBC Finance Corp................................. 5.25% 05/18/2007 3,192
3,500 HSBC Finance Corp. (L)............................ 5.33% 04/04/2008 3,500
3,100 JP Morgan Chase & Co.............................. 5.28% 06/19/2007 3,078
3,300 JP Morgan Chase & Co.............................. 5.28% 06/20/2007 3,276
3,800 JP Morgan Chase & Co. (L)......................... 5.29% 05/02/2008 3,800
</Table>
<Table>
<Caption>
PRINCIPAL MATURITY MARKET
AMOUNT YIELD DATE VALUE (W)
- --------- ----- ---------- ---------
FINANCE -- (CONTINUED)
$6,000 Lehman Brothers Holdings, Inc. (L)................ 5.46% 05/31/2007 $ 6,000
3,000 Merrill Lynch & Co., Inc. (L)..................... 5.30% 05/23/2008 3,000
3,100 Merrill Lynch & Co., Inc. (L)..................... 5.36% 05/29/2007 3,100
3,300 Morgan Stanley (L)................................ 5.31% 06/26/2007 3,302
3,300 Morgan Stanley (L)................................ 5.31% 08/30/2007 3,300
3,200 Morgan Stanley (L)................................ 5.38% 11/29/2007 3,200
3,400 Nationwide Building Society (I)................... 5.26% 05/14/2007 3,394
3,400 Nationwide Building Society (I)................... 5.26% 06/14/2007 3,379
3,300 Nordea Bank Ab (I)(L)............................. 5.31% 05/08/2008 3,300
3,900 Nordea North America.............................. 5.29% 07/06/2007 3,863
3,300 Northern Rock plc................................. 5.25% 05/14/2007 3,294
3,600 Northern Rock plc................................. 5.30% 07/11/2007 3,563
5,000 Old Line Funding LLC (I).......................... 5.28% 05/21/2007 4,985
4,400 Old Line Funding LLC.............................. 5.29% 05/08/2007 4,395
4,750 Sheffield Receivables............................. 5.27% 05/07/2007 4,746
4,750 Sheffield Receivables............................. 5.28% 06/13/2007 4,720
2,970 Skandinaviska Enskilda Bank NY (I)(L)............. 5.28% 07/19/2007 2,975
3,400 Skandinaviska Enskilda Bank NY (I)(L)............. 5.32% 05/08/2008 3,400
3,400 Svenska Handelsbanken Ab.......................... 5.24% 05/02/2007 3,400
3,200 Svenska Handelsbanken Ab (L)...................... 5.24% 05/09/2007 3,200
3,000 Svenska Handelsbanken Ab (I)(L)................... 5.29% 05/13/2008 3,000
3,300 Swedbank.......................................... 5.24% 05/03/2007 3,299
3,250 Swedbank.......................................... 5.24% 05/25/2007 3,239
3,000 Toyota Motor Credit Corp.......................... 5.27% 07/25/2007 2,963
7,000 Toyota Motor Credit Corp. (L)..................... 5.28% 09/24/2007 7,000
4,737 Triple A-1 Funding................................ 5.28% 05/09/2007 4,732
2,729 Triple A-1 Funding................................ 5.29% 05/08/2007 2,726
3,000 UBS Finance LLC................................... 5.27% 08/06/2007 2,958
3,800 UBS Finance LLC................................... 5.29% 07/23/2007 3,754
3,250 UBS Finance LLC................................... 5.30% 08/30/2007 3,193
3,600 Wachovia Bank NA (L).............................. 5.31% 09/28/2007 3,600
3,320 Washington Mutual Bank (L)........................ 5.34% 08/24/2007 3,322
3,000 Wells Fargo & Co. (L)............................. 5.28% 04/18/2008 3,000
3,100 Westpac Banking Corp. (I)......................... 5.24% 05/01/2007 3,100
3,200 Westpac Banking Corp. (I)......................... 5.28% 08/02/2007 3,157
3,400 Westpac Banking Corp. (I)(L)...................... 5.31% 05/16/2008 3,400
4,700 Yorktown Capital.................................. 5.28% 05/11/2007 4,693
4,700 Yorktown Capital.................................. 5.29% 05/15/2007 4,690
--------
$278,056
--------
Total investments in securities
(cost $281,124) (C)............................. $281,124
========
</Table>
The accompanying notes are an integral part of these financial statements.
200
- --------------------------------------------------------------------------------
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 8.04% of total net assets at April 30, 2007.
(C) Also represents cost for tax purposes.
(I) Securities issued within terms of a private placement memorandum, exempt
from registration under Section 144A of the Securities Act of 1933, as
amended, and may be sold only to qualified institutional buyers. Pursuant
to guidelines adopted by the Board of Directors, these issues are
determined to be liquid. The aggregate value of these securities at April
30, 2007, was $48,830, which represents 17.35% of total net assets.
(L)Variable rate securities; the yield reported is the rate in effect at
April 30, 2007.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
201
THE HARTFORD RETIREMENT INCOME FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007(UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- ------ ---------
AFFILIATED INVESTMENT COMPANIES -- 96.1%
EQUITY FUNDS -- 30.6%
3 Hartford Capital Appreciation Fund, Class Y....... $ 120
1 Hartford Global Leaders Fund, Class Y............. 25
2 Hartford Growth Opportunities Fund, Class Y....... 64
2 Hartford International Opportunities Fund, Class
Y............................................... 29
2 Hartford International Small Company Fund, Class
Y............................................... 29
2 Hartford Select Midcap Value Fund, Class Y........ 26
2 Hartford Small Company Fund, Class Y.............. 38
11 Hartford Value Fund, Class Y...................... 149
------
Total equity funds
(cost $452)..................................... $ 480
------
FIXED INCOME FUNDS -- 65.5%
11 Hartford Floating Rate Fund, Class Y.............. 112
16 Hartford Income Fund, Class Y..................... 166
18 Hartford Inflation Plus Fund, Class Y............. 188
37 Hartford Short Duration Fund, Class Y............. 367
18 Hartford Total Return Bond Fund, Class Y.......... 192
------
Total fixed income funds
(cost $1,018)................................... $1,025
------
Total investments in affiliated investment
companies
(cost $1,470) (C)............................... $1,505
======
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $1,471 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation............................. $34
Unrealized depreciation............................. --
---
Net unrealized appreciation......................... $34
===
</Table>
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
202
THE HARTFORD SELECT MIDCAP GROWTH FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 99.7%
BASIC MATERIALS -- 7.3%
2 Airgas, Inc. ..................................... $ 99
2 Ball Corp. ....................................... 79
3 Cabot Corp. ...................................... 142
1 Carpenter Technology Corp. ....................... 84
5 Celanese Corp. ................................... 170
2 Church & Dwight Co., Inc. ........................ 109
5 Goodyear Tire & Rubber Co. (D)(G)................. 168
3 International Flavors & Fragrances, Inc. ......... 126
2 PPG Industries, Inc. ............................. 155
1 Precision Castparts Corp. ........................ 77
2 Rohm & Haas Co. .................................. 115
3 Sealed Air Corp. ................................. 109
1 Southern Copper Corp. (G)......................... 95
7 Timken Co. ....................................... 236
4 USG Corp. (D)(G).................................. 195
5 Valhi, Inc. ...................................... 87
-------
2,046
-------
CAPITAL GOODS -- 4.3%
1 Cummins, Inc. .................................... 117
3 International Game Technology..................... 111
2 Joy Global, Inc. ................................. 116
3 Manitowoc Co., Inc. .............................. 178
1 National Oilwell Varco, Inc. (D).................. 94
3 Novellus Systems, Inc. (D)(G)..................... 108
2 Pall Corp. ....................................... 101
2 Rockwell Automation, Inc. ........................ 95
9 Teradyne, Inc. (D)................................ 164
1 Terex Corp. (D)................................... 106
-------
1,190
-------
CONSUMER CYCLICAL -- 16.8%
6 American Eagle Outfitters, Inc. .................. 163
1 AutoZone, Inc. (D)(G)............................. 164
3 Avnet, Inc. (D)(G)................................ 139
11 CarMax, Inc. (D)(G)............................... 262
4 Coach, Inc. (D)................................... 218
3 D.R. Horton, Inc. ................................ 67
3 Dick's Sporting Goods, Inc. (D)(G)................ 151
7 Dollar Tree Stores, Inc. (D)(G)................... 276
5 Family Dollar Stores, Inc. ....................... 164
11 GameStop Corp. Class A (D)........................ 358
2 J. C. Penney Co., Inc. ........................... 198
2 Kroger Co. ....................................... 69
2 MDC Holdings, Inc. ............................... 106
6 Nalco Holding Co. ................................ 148
8 Newell Rubbermaid, Inc. .......................... 232
7 Nordstrom, Inc. .................................. 384
-- NVR, Inc. (D)(G).................................. 190
2 PACCAR, Inc. ..................................... 145
4 PetSmart, Inc. ................................... 136
1 Polo Ralph Lauren Corp. .......................... 137
9 RadioShack Corp. ................................. 261
6 Ross Stores, Inc. ................................ 183
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
CONSUMER CYCLICAL -- (CONTINUED)
4 Scotts Miracle-Gro Co. Class A.................... $ 184
2 Sherwin-Williams Co. ............................. 142
4 TJX Cos., Inc. ................................... 110
2 Yum! Brands, Inc. ................................ 114
-------
4,701
-------
CONSUMER STAPLES -- 3.1%
3 Avon Products, Inc. .............................. 111
3 Campbell Soup Co. ................................ 116
5 H.J. Heinz Co. ................................... 234
2 McCormick & Co., Inc. ............................ 88
4 UST, Inc. ........................................ 246
1 William Wrigley, Jr. Co. ......................... 77
-------
872
-------
ENERGY -- 6.9%
2 ENSCO International, Inc. ........................ 117
3 Frontier Oil Corp. ............................... 99
3 Global Industries (D)(G).......................... 71
3 Helix Energy Solutions Group, Inc. (D)(G)......... 127
4 Helmerich & Payne, Inc. .......................... 133
9 Patterson-UTI Energy, Inc. ....................... 211
3 Plains Exploration & Production Co. (D)........... 146
6 Pride International, Inc. (D)(G).................. 200
3 Rowan Companies, Inc. ............................ 116
2 St. Mary Land & Exploration Co. .................. 89
2 Sunoco, Inc. ..................................... 132
3 Unit Corp. (D).................................... 198
4 W&T Offshore, Inc. ............................... 133
5 Williams Cos., Inc. .............................. 148
-------
1,920
-------
FINANCE -- 16.2%
1 Affiliated Managers Group, Inc. (D)(G)............ 84
5 CB Richard Ellis Group, Inc. Class A (D)(G)....... 178
1 Developers Diversified Realty Corp. .............. 75
5 Eaton Vance Corp. ................................ 198
2 Federal Realty Investment Trust................... 151
2 Federated Investors, Inc. ........................ 86
8 First Marblehead Corp. ........................... 277
7 Humana, Inc. (D)(G)............................... 429
2 IntercontinentalExchange, Inc. (D)................ 316
1 Jones Lang LaSalle, Inc. ......................... 143
2 Macerich Co. ..................................... 188
-- Markel Corp. (D)(G)............................... 140
1 Mastercard, Inc. ................................. 140
4 Nuveen Investments, Inc. Class A.................. 187
1 Nymex Holdings, Inc. (D)(G)....................... 99
1 NYSE Euronext (D)(G).............................. 112
4 Philadelphia Consolidated Holding Corp. (D)(G).... 179
1 Public Storage, Inc. ............................. 111
1 SL Green Realty Corp. ............................ 194
3 T. Rowe Price Group, Inc. ........................ 150
4 Taubman Centers, Inc. ............................ 236
5 Ventas, Inc. ..................................... 210
</Table>
The accompanying notes are an integral part of these financial statements.
203
THE HARTFORD SELECT MIDCAP GROWTH FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
FINANCE -- (CONTINUED)
3 Weingarten Realty Investments..................... $ 155
6 Wellcare Health Plans, Inc. (D)(G)................ 492
-------
4,530
-------
HEALTH CARE -- 7.3%
3 Amerisource Bergen Corp. ......................... 153
4 Barr Pharmaceuticals, Inc. (D)(G)................. 189
5 Coventry Health Care, Inc. (D)(G)................. 274
2 Edwards Lifesciences Corp. (D)(G)................. 83
12 Endo Pharmaceuticals Holdings, Inc. (D)(G)........ 366
5 Forest Laboratories, Inc. (D)(G).................. 243
2 Hospira, Inc. (D)................................. 75
8 ImClone Systems, Inc. (D)(G)...................... 331
2 Kinetic Concepts, Inc. (D)(G)..................... 78
2 Laboratory Corp. of America Holdings (D)(G)....... 136
5 Mylan Laboratories, Inc. ......................... 109
-------
2,037
-------
SERVICES -- 12.9%
4 Autodesk, Inc. (D)(G)............................. 183
23 Avaya, Inc. (D)................................... 294
3 Clear Channel Outdoor Holdings, Inc. (D)(G)....... 91
1 Cognizant Technology Solutions Corp. (D)(G)....... 114
3 Convergys Corp. (D)............................... 83
2 Corrections Corp. of America (D)(G)............... 118
3 DreamWorks Animation SKG, Inc. (D)(G)............. 86
2 DST Systems, Inc. (D)(G).......................... 144
3 EchoStar Communications Corp. Class A (D)......... 125
9 Electronic Data Systems Corp. .................... 249
4 Expedia, Inc. (D)(G).............................. 99
1 Express Scripts, Inc. (D)......................... 90
3 Factset Research Systems, Inc. ................... 172
3 Harsco Corp. ..................................... 132
3 Hilton Hotels Corp. .............................. 105
6 Interpublic Group of Co., Inc. (D)(G)............. 72
1 ITT Educational Services, Inc. (D)................ 82
1 Lamar Advertising Co. (G)......................... 90
3 Liberty Global, Inc. (D)(G)....................... 94
4 Liberty Media -- Interactive A (D)................ 112
2 MGM Mirage, Inc. (D)(G)........................... 143
2 Paychex, Inc. .................................... 86
3 Pediatrix Medical Group, Inc. (D)(G).............. 184
4 SEI Investments Co. .............................. 223
2 Stericycle, Inc. (D)(G)........................... 138
7 URS Corp. (D)..................................... 302
-------
3,611
-------
TECHNOLOGY -- 21.5%
10 Acxiom Corp. ..................................... 237
10 Altera Corp. (D)(G)............................... 226
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
TECHNOLOGY -- (CONTINUED)
5 American Tower Corp. Class A (D).................. $ 177
3 AMETEK, Inc. ..................................... 91
3 Amphenol Corp. Class A............................ 113
7 Applera Corp. -- Applied Biosystems Group......... 219
9 AVX Corp. ........................................ 146
10 BEA Systems, Inc. (D)............................. 114
8 BMC Software, Inc. (D)............................ 264
8 CA, Inc. ......................................... 225
6 Dolby Laboratories, Inc. Class A (D).............. 218
3 IAC/Interactive Corp. (D)(G)...................... 99
4 Intuit, Inc. (D).................................. 124
4 Juniper Networks, Inc. (D)........................ 92
1 L-3 Communications Holdings, Inc. ................ 101
4 Lexmark International, Inc. ADR (D)(G)............ 234
6 McAfee, Inc. (D).................................. 179
6 MEMC Electronic Materials, Inc. (D)............... 352
2 Mettler-Toledo International, Inc. (D)............ 167
2 Microchip Technology, Inc. ....................... 95
7 National Semiconductor Corp. ..................... 173
3 NCR Corp. (D)..................................... 142
3 Network Appliance, Inc. (D)....................... 119
5 Rambus, Inc. (D)(G)............................... 101
2 Rockwell Collins, Inc. ........................... 129
3 SBA Communications Corp. (D)(G)................... 90
7 Telephone and Data Systems, Inc. ................. 375
3 Thermo Fisher Scientific, Inc. (D)................ 176
6 Total System Services, Inc. ...................... 173
5 Trimble Navigation Ltd. (D)....................... 143
3 U.S. Cellular Corp. (D)(G)........................ 222
3 VeriSign, Inc. (D)(G)............................. 92
4 Waters Corp. (D)(G)............................... 255
3 WebMD Health Corp. (D)(G)......................... 155
7 Xilinx, Inc. ..................................... 197
-------
6,015
-------
TRANSPORTATION -- 1.3%
5 AMR Corp. (D)..................................... 126
3 Continental Airlines, Inc. (D)(G)................. 127
2 Harley-Davidson, Inc. ............................ 103
-------
356
-------
UTILITIES -- 2.1%
1 Constellation Energy Group, Inc. ................. 108
8 El Paso Corp. .................................... 120
5 NRG Energy, Inc. (D)(G)........................... 363
-------
591
-------
Total common stock
(cost $25,925).................................. $27,869
-------
</Table>
The accompanying notes are an integral part of these financial statements.
204
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
SHORT-TERM INVESTMENTS -- 22.0%
REPURCHASE AGREEMENTS -- 0.0%
$ 2 BNP Paribas Securities Corp. Repurchase Agreement,
5.10%, 05/01/2007............................... $ 2
3 RBS Greenwich Capital Markets Repurchase
Agreement,
5.10%, 05/01/2007............................... 3
3 UBS Securities, Inc. Repurchase Agreement,
5.10%, 05/01/2007............................... 3
-------
8
-------
<Caption>
SHARES
- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 22.0%
CASH COLLATERAL REINVESTED FUND:
6,115 Navigator Prime Portfolio......................... 6,115
-------
<Caption>
PRINCIPAL
AMOUNT
- ---------
U.S. TREASURY SECURITIES:
$ -- U.S. Treasury Bond,
2.00%, 01/15/2026............................... $ --
-- U.S. Treasury Notes,
2.375%, 01/15/2017.............................. --
-- U.S. Treasury Notes,
3.50%, 01/15/2011............................... --
-- U.S. Treasury Notes,
3.625%, 01/15/2008.............................. --
21 U.S. Treasury Notes,
5.00%, 07/31/2008............................... 21
-------
6,136
-------
Total short-term investments
(cost $6,144)................................... $ 6,144
-------
Total investments in securities
(cost $32,069) (C).............................. $34,013
=======
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $32,256 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation.......................... $2,302
Unrealized depreciation.......................... (545)
------
Net unrealized appreciation...................... $1,757
======
</Table>
(D)Currently non-income producing.
(G)Security is partially on loan at April 30, 2007.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
205
THE HARTFORD SELECT MIDCAP VALUE FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- ---------- ---------
COMMON STOCK -- 99.6%
BASIC MATERIALS -- 4.5%
$ 4 Albemarle Corp. .............. $ 166
10 Ashland, Inc. ................ 585
4 Chemtura Corp. ............... 49
4 Crane Co. .................... 176
5 Jarden Corp. (D)(G)........... 190
4 Lubrizol Corp. ............... 222
8 Lyondell Chemical Co. ........ 233
4 OfficeMax, Inc. .............. 204
4 Sonoco Products Co. .......... 166
6 Steel Dynamics, Inc. ......... 279
3 United States Steel Corp. .... 259
8 Westlake Chemical Corp. ...... 228
-------
2,757
-------
CAPITAL GOODS -- 7.0%
7 AGCO Corp. (D)................ 271
6 Cummins, Inc. ................ 582
5 Eaton Corp. .................. 419
9 Hasbro, Inc. ................. 291
6 Lennox International, Inc. ... 189
8 National Oilwell Varco, Inc.
(D)......................... 670
11 Novellus Systems, Inc. (D).... 353
4 Parker-Hannifin Corp. ........ 359
11 Steelcase, Inc. .............. 217
19 Teradyne, Inc. (D)............ 323
6 Terex Corp. (D)............... 440
9 Xerox Corp. (D)............... 157
-------
4,271
-------
CONSUMER CYCLICAL -- 7.3%
10 Avnet, Inc. (D)(G)............ 425
7 Dillard's, Inc. .............. 235
34 Ford Motor Co. (G)............ 276
23 Ingram Micro, Inc. (D)........ 459
8 KB Home....................... 340
6 Lennar Corp. ................. 263
11 Mattel, Inc. ................. 306
3 Mohawk Industries, Inc.
(D)(G)...................... 284
4 PACCAR, Inc. ................. 328
7 RadioShack Corp. ............. 212
8 Ryland Group, Inc. ........... 352
12 Saks, Inc. ................... 247
3 Sherwin-Williams Co. ......... 204
8 TRW Automotive Holdings Corp.
(D)......................... 304
3 W.W. Grainger, Inc. .......... 207
-------
4,442
-------
CONSUMER STAPLES -- 7.3%
3 Clorox Co. ................... 228
19 Coca-Cola Enterprises,
Inc. ....................... 426
6 Dean Foods Co. ............... 208
17 Del Monte Foods Co. .......... 197
5 H.J. Heinz Co. ............... 221
14 J. M. Smucker Co. ............ 784
12 Loews Corp. -- Carolina
Group....................... 930
5 Molson Coors Brewing Co. ..... 504
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- ---------- ---------
CONSUMER STAPLES -- (CONTINUED)
$ 8 Pepsi Bottling Group, Inc. ... $ 272
9 Pepsiamericas, Inc. .......... 208
8 UST, Inc. .................... 439
-------
4,417
-------
ENERGY -- 6.3%
7 Chesapeake Energy Corp. ...... 240
10 Cimarex Energy Co. ........... 374
3 Energen Corp. ................ 157
7 Noble Energy, Inc. ........... 423
3 Oneok, Inc. .................. 160
8 Pride International, Inc.
(D)(G)...................... 256
8 Seacor Holdings, Inc.
(D)(G)...................... 763
7 Sempra Energy................. 435
8 Tesoro Corp. ................. 1,024
-------
3,832
-------
FINANCE -- 37.9%
5 AMBAC Financial Group,
Inc. ....................... 431
12 American Financial Group,
Inc. ....................... 412
52 AmeriCredit Corp. (D)(G)...... 1,317
5 Ameriprise Financial, Inc. ... 274
4 AON Corp. .................... 171
5 Assurant, Inc. ............... 276
8 Bank of Hawaii Corp. ......... 444
20 Berkley (W.R.) Corp. ......... 653
5 Boston Properties, Inc. ...... 565
9 CapitalSource, Inc. .......... 235
2 Cigna Corp. .................. 271
8 CIT Group, Inc. .............. 456
3 City National Corp. .......... 187
12 CNA Financial Corp. (D)(G).... 579
15 Comerica, Inc. ............... 941
8 Commerce Bankshares, Inc. .... 383
20 Conseco, Inc. (D)(G).......... 348
5 Cullen/Frost Bankers, Inc. ... 276
16 Equity Residential Properties
Trust....................... 748
4 Hanover Insurance Group,
Inc. ....................... 188
13 HCC Insurance Holdings,
Inc. ....................... 405
16 Health Care Properties........ 552
3 Hospitality Properties
Trust....................... 146
21 Host Hotels & Resorts,
Inc. ....................... 549
25 Huntington Bancshares,
Inc. ....................... 548
4 iStar Financial, Inc. ........ 173
22 Keycorp....................... 772
4 Liberty Property Trust........ 213
9 Marshall & Ilsley Corp. ...... 413
9 MBIA, Inc. ................... 591
11 MGIC Investment Corp. ........ 647
9 Nationwide Financial Services,
Inc. Class A................ 534
27 Nelnet, Inc. ................. 726
13 Old Republic International
Corp. ...................... 266
4 Plum Creek Timber Co.,
Inc. ....................... 151
17 PMI Group, Inc. .............. 800
3 ProLogis...................... 172
13 Protective Life Corp. ........ 628
</Table>
The accompanying notes are an integral part of these financial statements.
206
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- ---------- ---------
COMMON STOCK -- (CONTINUED)
FINANCE -- (CONTINUED)
$ 15 Radian Group, Inc. ........... $ 854
3 Reinsurance Group of America,
Inc. ....................... 181
6 SAFECO Corp. ................. 404
3 StanCorp Financial Group,
Inc. ....................... 138
7 Synovus Financial Corp. ...... 234
14 Taubman Centers, Inc. ........ 759
8 TCF Financial Corp. .......... 206
3 Torchmark Corp. .............. 178
7 Transatlantic Holding,
Inc. ....................... 452
11 UnionBanCal Corp. ............ 686
11 Ventas, Inc. ................. 472
7 Weingarten Realty
Investments................. 330
11 Whitney Holding Corp. ........ 329
5 Zions Ban Corp. .............. 446
-------
23,110
-------
HEALTH CARE -- 2.2%
$ 9 Amerisource Bergen Corp. ..... 440
5 Bausch & Lomb, Inc. .......... 300
8 King Pharmaceuticals, Inc.
(D)(G)...................... 166
17 Watson Pharmaceuticals, Inc.
(D)(G)...................... 455
-------
1,361
-------
SERVICES -- 5.0%
22 Avaya, Inc. (D)............... 284
4 Computer Sciences Corp. (D)... 203
8 Convergys Corp. (D)........... 192
4 Corrections Corp. of America
(D)(G)...................... 210
3 Diebold, Inc. ................ 138
11 Electronic Data Systems
Corp. ...................... 310
8 Liberty Global, Inc. (D)(G)... 276
3 Liberty Media Holding (D)..... 304
5 R.H. Donnelley Corp. (D)...... 394
17 Service Corp. International... 210
32 Unisys Corp. (D).............. 252
6 URS Corp. (D)................. 245
-------
3,018
-------
TECHNOLOGY -- 9.0%
17 ADC Telecommunications, Inc.
(D)(G)...................... 307
9 Applera Corp. -- Applied
Biosystems Group............ 272
6 Arrow Electronics, Inc. (D)... 249
41 Atmel Corp. (D)............... 217
11 AVX Corp. .................... 185
22 CA, Inc. ..................... 586
4 CenturyTel, Inc. ............. 198
28 Compuware Corp. (D)(G)........ 271
4 Dover Corp. .................. 192
2 Energizer Holdings, Inc.
(D)......................... 155
8 IAC/Interactive Corp.
(D)(G)...................... 305
2 L-3 Communications Holdings,
Inc. ....................... 216
8 Leap Wireless International,
Inc. (D).................... 599
9 Lexmark International, Inc.
ADR (D)(G).................. 510
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- ---------- ---------
TECHNOLOGY -- (CONTINUED)
$ 5 NCR Corp. (D)................. $ 237
3 Teleflex, Inc. ............... 205
7 Telephone and Data Systems,
Inc. ....................... 424
3 Whirlpool Corp. .............. 345
-------
5,473
-------
TRANSPORTATION -- 1.5%
5 CSX Corp. .................... 216
9 Kansas City Southern (D)(G)... 331
6 UAL Corp. (D)(G).............. 210
4 YRC Worldwide, Inc. (D)(G).... 163
-------
920
-------
UTILITIES -- 11.6%
4 Alliant Energy Corp. ......... 180
12 American Electric Power Co.,
Inc. ....................... 588
17 CenterPoint Energy, Inc. ..... 324
15 CMS Energy Corp. ............. 278
4 Consolidated Edison, Inc. .... 182
7 Constellation Energy Group,
Inc. ....................... 597
5 DTE Energy Co. ............... 233
6 Edison International.......... 304
6 Entergy Corp. ................ 626
14 Mirant Corp. (D)(G)........... 633
6 NiSource, Inc. ............... 157
14 Northeast Utilities........... 454
6 NRG Energy, Inc. (D).......... 434
5 Pepco Holdings, Inc. ......... 142
7 PG&E Corp. ................... 334
5 PPL Corp. .................... 231
6 Progress Energy, Inc. ........ 278
21 Reliant Resources, Inc.
(D)(G)...................... 461
17 Sierra Pacific Resources
(D)(G)...................... 305
13 Xcel Energy, Inc. ............ 320
-------
7,061
-------
Total common stock
(cost $56,513).............. $60,662
-------
<Caption>
PRINCIPAL
AMOUNT
- ----------
SHORT-TERM INVESTMENTS -- 10.3%
REPURCHASE AGREEMENTS -- 0.6%
$ 114 BNP Paribas Securities Corp.
Repurchase Agreement,
5.10%, 05/01/2007........... $ 114
134 RBS Greenwich Capital Markets
Repurchase Agreement,
5.10%, 05/01/2007........... 134
136 UBS Securities, Inc.
Repurchase Agreement,
5.10%, 05/01/2007........... 136
-------
$ 384
=======
</Table>
The accompanying notes are an integral part of these financial statements.
207
THE HARTFORD SELECT MIDCAP VALUE FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- ---------- ---------
SHORT-TERM INVESTMENTS -- (CONTINUED)
SECURITIES PURCHASED WITH PROCEEDS FROM
SECURITY LENDING -- 9.7%
CASH COLLATERAL REINVESTMENT FUND:
5,918 Navigator Prime Portfolio..... 5,918
-------
Total short-term investments
(cost $6,302)............... $ 6,302
-------
Total investments in
securities
(cost $62,815) (C).......... $66,964
=======
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $62,990 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation.......................... $4,727
Unrealized depreciation.......................... (753)
------
Net unrealized appreciation...................... $3,974
======
</Table>
(D)Currently non-income producing.
(G)Security is partially on loan at April 30, 2007.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
208
THE HARTFORD SELECT SMALLCAP VALUE FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 91.8%
BASIC MATERIALS -- 8.2%
4 AptarGroup, Inc. ................................. $ 271
43 Balchem Corp. .................................... 797
1 Barnes Group, Inc. ............................... 29
13 Buckeye Technologies, Inc. (D).................... 167
2 CIRCOR International, Inc. ....................... 77
4 Cleveland-Cliffs, Inc. ........................... 243
1 Greif, Inc. ...................................... 65
3 H.B. Fuller Co. .................................. 80
7 Hercules, Inc. (D)................................ 125
3 Innospec, Inc. ................................... 135
30 Landec Corp. (D).................................. 376
40 Matthews International Corp. Class A.............. 1,678
15 Neenah Paper, Inc. ............................... 577
2 OM Group, Inc. (D)................................ 88
9 Playtex Products, Inc. (D)........................ 137
1 Quanex Corp. ..................................... 60
5 Rock Tenn Co. Class A............................. 203
7 Rockwood Holdings, Inc. (D)....................... 205
23 RPM International, Inc. .......................... 489
3 Sensient Technologies Corp. ...................... 88
3 Silgan Holdings, Inc. ............................ 180
5 Spartech Corp. ................................... 148
50 Tempur-Pedic International, Inc. ................. 1,306
2 Terra Industries, Inc. (D)........................ 41
7 Tredegar Corp. ................................... 173
6 Tupperware Brands Corp. .......................... 180
11 USEC, Inc. (D).................................... 229
12 Watts Water Technologies, Inc. ................... 466
--------
8,613
--------
CAPITAL GOODS -- 6.0%
4 ACCO Brands Corp. (D)............................. 105
2 Asyst Technologies, Inc. (D)...................... 11
2 Axcelis Technologies, Inc. (D).................... 14
-- Blyth, Inc. ...................................... 9
3 Brooks Automation, Inc. (D)....................... 45
1 Cascade Bancorp................................... 44
49 Clarcor, Inc. .................................... 1,558
3 Entegris, Inc. (D)................................ 40
4 Goodman Global, Inc. (D).......................... 67
2 Gulf Island Fabrication........................... 48
22 Hexcel Corp. (D).................................. 477
1 Imation Corp. .................................... 21
-- Jakks Pacific, Inc. (D)........................... 6
32 K2, Inc. (D)...................................... 483
-- Kaman Corp. ...................................... 7
1 Leapfrog Enterprises, Inc. (D).................... 7
25 Lincoln Electric Holdings, Inc. .................. 1,612
4 MKS Instruments, Inc. (D)......................... 103
2 Modine Manufacturing Co. ......................... 37
1 Nacco Industries, Inc. Class A.................... 191
3 Nordson Corp. .................................... 158
3 Oil States International, Inc. (D)................ 85
14 RC2 Corp. (D)..................................... 566
1 SauerDanfoss, Inc. ............................... 21
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
CAPITAL GOODS -- (CONTINUED)
2 Steinway Musical Instruments...................... $ 62
2 Universal Compression Holdings, Inc. (D).......... 145
2 Varian Semiconductor Equipment Associates, Inc.
(D)............................................. 153
4 Woodward Governor Co. ............................ 219
--------
6,294
--------
CONSUMER CYCLICAL -- 13.0%
1 99 Cents Only Stores (D).......................... 14
-- A.M. Castle & Co. ................................ 12
2 Adaptec, Inc. (D)................................. 6
9 AFC Enterprises, Inc. (D)......................... 171
17 Aftermarket Technology Corp. (D).................. 474
8 Agilysys, Inc. ................................... 158
18 Alliance One International, Inc. (D).............. 177
6 ArvinMeritor, Inc. ............................... 125
1 Big 5 Sporting Goods Corp. ....................... 15
10 Big Lots, Inc. (D)................................ 325
25 Blockbuster, Inc. Class A (D)..................... 153
7 Borders Group, Inc. .............................. 146
6 BorgWarner, Inc. ................................. 452
1 Brown Shoe Co., Inc. ............................. 22
3 CBRL Group, Inc. ................................. 129
3 CEC Entertainment, Inc. (D)....................... 142
2 Cental Euro Distribution Corp. (D)................ 65
2 Charming Shoppes, Inc. (D)........................ 20
10 Chemed Corp. ..................................... 503
33 Cherokee, Inc. ................................... 1,492
2 Chiquita Brands International, Inc. .............. 22
2 Columbia Sportswear Co. .......................... 138
3 Commercial Vehicles Group, Inc. (D)............... 55
-- Compx International, Inc. ........................ 8
1 Core-Mark Holding Co., Inc. (D)................... 35
7 CSK Auto Corp. (D)................................ 119
-- Domino's Pizza, Inc. ............................. 13
7 Dycom Industries, Inc. (D)........................ 194
1 EMCOR Group, Inc. (D)............................. 75
18 Fred's, Inc. ..................................... 263
14 Fresh Del Monte Produce, Inc. .................... 277
3 FTD Group, Inc. .................................. 57
-- Granite Construction, Inc. ....................... 20
1 Great Atlantic & Pacific Tea Co., Inc. (D)........ 16
1 Group 1 Automotive, Inc. ......................... 22
32 Huttig Building Products, Inc. (D)................ 223
1 i2 Technologies, Inc. (D)......................... 31
13 ICU Medical, Inc. (D)............................. 543
3 IKON Office Solutions, Inc. ...................... 42
7 Insight Enterprises, Inc. (D)..................... 129
1 Jack in the Box, Inc. (D)......................... 53
1 Jo-Ann Stores, Inc. (D)........................... 18
2 Kellwood Co. ..................................... 45
1 Kimball International, Inc. ...................... 9
5 Lear Corp. (D).................................... 184
1 Levitt Corp. ..................................... 11
3 Luby's, Inc. (D).................................. 26
2 Maidenform Brands, Inc. (D)....................... 47
</Table>
The accompanying notes are an integral part of these financial statements.
209
THE HARTFORD SELECT SMALLCAP VALUE FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
CONSUMER CYCLICAL -- (CONTINUED)
53 McGrath RentCorp.................................. $ 1,601
1 Meritage Homes Corp. (D).......................... 25
2 Nash Finch Co. ................................... 70
-- Noble International Ltd. ......................... 7
2 O' Charley's, Inc. (D)............................ 49
2 Oxford Industries................................. 93
1 Papa John's International, Inc. (D)............... 24
7 Payless ShoeSource, Inc. (D)...................... 233
13 Performance Food Group Co. (D).................... 394
3 Perini Corp. (D).................................. 136
1 Phillips-Van Heusen Corp. ........................ 33
22 School Specialty, Inc. (D)........................ 726
1 Sealy Corp. ...................................... 12
1 Stanley Furniture Co., Inc. ...................... 30
3 Stride Rite Corp. ................................ 44
1 Syms Corp. (D).................................... 9
2 Talbots, Inc. .................................... 38
4 The Buckle, Inc. ................................. 155
13 United Stationers, Inc. (D)....................... 782
1 Village Super Market, Inc. ....................... 35
2 Visteon Corp. (D)................................. 19
7 Warnaco Group, Inc. (D)........................... 184
1 Wolverine World Wide, Inc. ....................... 26
35 World Fuel Services Corp. ........................ 1,594
--------
13,595
--------
CONSUMER STAPLES -- 2.3%
20 Chattem, Inc. (D)................................. 1,163
4 Diamond Foods, Inc. .............................. 66
-- Elizabeth Arden, Inc. (D)......................... 5
3 Hain Celestial Group, Inc. (D).................... 93
13 J&J Snack Foods Corp. ............................ 506
4 Reddy Ice Holdings, Inc. ......................... 105
-- Seaboard Corp. ................................... 287
4 TreeHouse Foods, Inc. (D)......................... 128
-- Universal Corp. .................................. 13
--------
2,366
--------
ENERGY -- 4.4%
1 Bill Barrett Corp. (D)............................ 24
1 Bois d'Arc Energy, Inc. (D)....................... 16
-- Bronco Drilling Co., Inc. (D)..................... 5
-- Callon Petroleum Corp. (D)........................ 5
51 Crosstex Energy, Inc. ............................ 1,536
9 Exco Resources, Inc. (D).......................... 146
1 Harvest Natural Resources, Inc. (D)............... 12
1 Headwaters, Inc. (D).............................. 17
2 Houston Exploration Co. (D)....................... 100
4 Laclede Group, Inc. .............................. 136
9 New Jersey Resources Corp. ....................... 456
1 Newpark Resources, Inc. (D)....................... 7
2 Nicor, Inc. ...................................... 104
3 Northwest Natural Gas Co. ........................ 178
14 Oceaneering International, Inc. (D)............... 647
1 Petrohawk Energy Corp. (D)........................ 9
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
ENERGY -- (CONTINUED)
15 Quicksilver Resources, Inc. (D)................... $ 628
9 Rosetta Resources, Inc. (D)....................... 202
-- South Jersey Industries, Inc. .................... 11
5 Southwest Gas Corp. .............................. 207
-- Stone Energy Corp. (D)............................ 4
5 WGL Holdings, Inc. ............................... 156
--------
4,606
--------
FINANCE -- 24.1%
4 Accredited Home Lenders (D)....................... 48
9 Affordable Reside (D)............................. 104
1 Alfa Corp. ....................................... 10
2 AMCORE Financial, Inc. ........................... 68
1 American Equity Investment Life Holding Co. ...... 11
3 American Financial Realty Trust................... 30
8 American Home Mortgage Investment Corp. .......... 194
4 American Physicians Capital, Inc. (D)............. 162
2 Amerigroup Corp. (D).............................. 66
4 Anchor Bancorp Wisconsin.......................... 102
9 Anthracite Capital, Inc. ......................... 102
-- Anworth Mortgage Asset Corp. ..................... 2
3 Apollo Investment Corp. .......................... 70
5 Arbor Realty Trust................................ 160
88 Ares Capital Corp. ............................... 1,579
1 Argonaut Group, Inc. (D).......................... 46
14 Ashford Hospitality............................... 172
3 Authorize.Net Holdings, Inc. (D).................. 58
2 Avatar Holdings, Inc. (D)......................... 173
1 Baldwin & Lyons Class B........................... 27
1 Bancfirst Corp. .................................. 52
1 Bank of Granite Corp. ............................ 11
-- Berkshire Hills Bancorp, Inc. .................... 10
21 Boston Private Financial Holdings, Inc. .......... 584
15 Capital Lease Fund................................ 166
64 Cathay General Bancorp............................ 2,108
2 Cedar Shopping Court.............................. 27
7 Centennial Bank Holdings, Inc. (D)................ 57
5 Chemical Financial Corp. ......................... 141
4 Chittenden Corp. ................................. 121
7 Citizens Banking Corp. ........................... 136
-- City Bank Lynnwood Wash........................... 9
4 City Holding Co. ................................. 164
3 Clayton Holdings, Inc. (D)........................ 44
-- Cohen & Steers, Inc. ............................. 10
-- Columbia Banking Systems, Inc. ................... 6
3 Community Banks, Inc. ............................ 79
-- CompuCredit Corp. (D)............................. 4
61 Corus Bankshares, Inc. ........................... 1,030
48 CVB Financial Corp. .............................. 567
2 Delphi Financial Group Class A.................... 73
1 Doral Financial Corp. (D)......................... 1
1 Downey Financial Corp. ........................... 67
-- Education Realty Trust, Inc. ..................... 3
22 Entertainment Properties Trust.................... 1,329
1 Equity Inns, Inc. ................................ 12
5 Equity One, Inc. ................................. 145
</Table>
The accompanying notes are an integral part of these financial statements.
210
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
FINANCE -- (CONTINUED)
1 Extra Space Storage, Inc. ........................ $ 24
4 FBL Financial Group Class A....................... 165
7 Felcor Lodging Trust, Inc. ....................... 183
14 Fieldstone Investment Corp. ...................... 53
23 Financial Federal Corp. .......................... 602
3 First Bancorp NC.................................. 69
5 First BanCorp Puerto Rico......................... 57
3 First Charter Corp. .............................. 72
9 First Commonwealth Financial Corp. ............... 96
-- First Community Bancshares........................ 7
-- First Indiana Corp. .............................. 8
6 First Merchants Corp. ............................ 120
-- First Midwest Bancorp, Inc. ...................... 15
1 First Niagara Financial Group, Inc. .............. 16
1 First Place Financial............................. 20
3 FirstFed Financial Corp. (D)...................... 175
5 FirstMerit Corp. ................................. 111
6 FNB Corp. ........................................ 95
-- FPIC Insurance Group, Inc. (D).................... 18
27 Friedman Billings Ramsey Group, Inc. ............. 151
1 Frontier Financial Corp. ......................... 20
1 Gamco Investors, Inc. ............................ 64
3 Gladstone Capital Corp. .......................... 74
1 Gramercy Capital Corp. ........................... 31
5 Great Southern Bancorp, Inc. ..................... 133
1 Hanmi Financial Corp. ............................ 10
-- Harleysville Group, Inc. ......................... 11
13 Hersha Hospitality Trust.......................... 156
1 Highwoods Properties, Inc. ....................... 43
6 Horace Mann Educators Corp. ...................... 123
13 Impac Mortgage Holdings, Inc. .................... 74
1 Independent Bank Corp. (Michigan) ................ 11
-- Independent Bank Corp. (Massachusetts) ........... 3
12 Infinity Property & Casualty Corp. ............... 544
1 Innkeepers USA Trust.............................. 12
4 Integra Bank Corp. ............................... 99
21 International Bancshares Corp. ................... 604
8 Irwin Financial Corp. ............................ 127
2 ITLA Capital Corp. ............................... 78
-- James River Group, Inc. .......................... 6
8 JER Investors Trust, Inc. ........................ 144
1 Kansas City Life Insurance Co. ................... 36
6 KKR Financial Corp. .............................. 155
5 KNBT Bancorp, Inc. ............................... 80
-- Knight Capital Group, Inc. (D).................... 3
6 LaBranche & Co., Inc. (D)......................... 51
2 Lakeland Bancorp, Inc. ........................... 30
11 Luminent Mortgage Trust........................... 90
1 MAF Bancorp, Inc. ................................ 30
-- MainSource Financial Group, Inc. ................. 5
-- Marlin Business Services Corp. (D)................ 8
86 MCG Capital Corp. ................................ 1,518
2 Medical Properties Trust, Inc. ................... 28
22 MFA Mortgage Investments, Inc. ................... 160
3 Midland Co. ...................................... 114
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
FINANCE -- (CONTINUED)
-- N B T Bancorp..................................... $ 9
35 National Financial Partners Corp. ................ 1,614
5 National Penn Bancshares, Inc. ................... 87
9 National Retail Properties, Inc. ................. 208
2 Navigators Group, Inc. (D)........................ 107
10 NetBank, Inc. .................................... 20
11 Newalliance Bancs................................. 173
7 Newcastle Investment Corp. ....................... 202
9 NGP Capital Resources Co. ........................ 144
-- Ocwen Financial Corp. (D)......................... 1
4 Odyssey Re Holdings Corp. ........................ 181
10 Old National Bankcorp............................. 180
1 Omega Financial Corp. ............................ 15
8 Omega Healthcare Investors........................ 128
4 Pacific Capital Bancorp........................... 106
2 Park National Corp. .............................. 169
4 Partners Trust Financial Group, Inc. ............. 46
-- Peoples Bancorp, Inc. ............................ 8
8 Phoenix Cos....................................... 118
-- Piper Jaffray Cos. (D)............................ 6
11 PMA Capital Corp. Class A (D)..................... 102
-- ProAssurance Corp. (D)............................ 11
14 Prosperity Bancshares, Inc. ...................... 489
4 Provident Bankshares Corp. ....................... 122
3 Provident Financial Services, Inc. ............... 48
2 PS Business Parks, Inc. .......................... 134
3 Ramco-Gershenson Properties Trust................. 128
-- Renasant Corp. ................................... 10
6 Resource Capital Corp. ........................... 96
3 RLI Corp. ........................................ 139
5 S&T Bancorp, Inc. ................................ 166
-- Sandy Spring Bancorp, Inc. ....................... 10
2 Santander BanCorp................................. 37
20 Selective Insurance Group......................... 511
5 Senior Housing Properties Trust................... 113
2 Simmons First National Corp. ..................... 61
2 Southwest Bancorp................................. 42
15 Spirit Finance Corp. ............................. 216
10 StanCorp Financial Group, Inc. ................... 471
5 State Auto Financial Corp. ....................... 158
1 Sterling Bancshares, Inc. ........................ 8
3 Sterling Financial Corp. ......................... 91
1 Stewart Information Services Corp. ............... 48
-- Sun Bancorp, Inc. (D)............................. 4
31 Superior Bancorp (D).............................. 316
1 Susquehanna Bancshares, Inc. ..................... 16
2 SWS Group, Inc. .................................. 50
11 Symmetricom, Inc. (D)............................. 88
4 Taylor Capital Group, Inc. ....................... 131
1 Trustmark Corp. .................................. 30
1 Umpqua Holdings Corp. ............................ 12
1 United Bankshares, Inc. .......................... 18
2 United Community Financial........................ 21
5 United Fire & Casualty............................ 180
3 Universal American Financial Corp. (D)............ 48
-- USI Holdings Corp. (D)............................ 5
</Table>
The accompanying notes are an integral part of these financial statements.
211
THE HARTFORD SELECT SMALLCAP VALUE FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
FINANCE -- (CONTINUED)
17 UTStarcom, Inc. (D)............................... $ 124
122 W Holding Co., Inc. .............................. 590
1 Waddell and Reed Financial, Inc. Class A.......... 29
5 WesBanco, Inc. ................................... 155
-- West Coast Bancorp................................ 7
2 Winston Hotels, Inc. ............................. 28
--------
25,457
--------
HEALTH CARE -- 4.7%
19 Advanced Medical Optics, Inc. (D)................. 756
-- Alliance Imaging, Inc. (D)........................ 4
1 Apria Healthcare Group, Inc. (D).................. 17
1 Bradley Pharmaceuticals, Inc. (D)................. 18
5 Caraco Pharmaceutical Laboratories Ltd. (D)....... 64
13 Cooper Co., Inc. ................................. 664
6 Cross Country Healthcare, Inc. (D)................ 115
1 Forrester Research, Inc. (D)...................... 20
2 Healthtronics, Inc. (D)........................... 7
1 Incyte Corp. (D).................................. 6
22 Landauer, Inc. ................................... 1,036
14 Magellan Health Services, Inc. (D)................ 607
4 MedCath Corp. (D)................................. 108
5 NBTY, Inc. (D).................................... 257
1 NPS Pharmaceuticals, Inc. (D)..................... 3
-- Nu Skin Enterprises, Inc. Class A................. 2
2 Oakley, Inc. ..................................... 43
-- Odyssey HealthCare, Inc. (D)...................... 6
1 Par Pharmaceutical Cos., Inc. (D)................. 17
1 Perrigo Co. ...................................... 15
3 PharmaNet Development Group, Inc. (D)............. 90
8 Prestige Brands Holdings, Inc. (D)................ 108
1 Rehabcare Group, Inc. (D)......................... 20
2 Sciele Pharma, Inc. (D)........................... 47
1 STERIS Corp. ..................................... 36
-- Sunrise Senior Living, Inc. (D)................... 8
1 Trubion Pharmaceuticals, Inc. (D)................. 24
4 Viasys Healthcare, Inc. (D)....................... 118
6 ViroPharma, Inc. (D).............................. 86
1 Volcano Corp. (D)................................. 28
21 Young Innovations, Inc. .......................... 565
--------
4,895
--------
SERVICES -- 14.3%
22 ABM Industries, Inc. ............................. 613
6 American Greetings Corp. Class A.................. 146
2 Ameristar Casinos, Inc. .......................... 60
5 Asset Acceptance (D).............................. 98
21 Avid Technology, Inc. (D)......................... 698
3 Belo Corp. Class A................................ 64
2 BISYS Group, Inc. (D)............................. 24
-- Black Box Corp. .................................. 5
17 Business Objects S.A. ADR (D)..................... 649
13 CACI International, Inc. Class A (D).............. 594
7 Central European Media Enterprises Ltd. (D)....... 631
1 CIBER, Inc. (D)................................... 5
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
SERVICES -- (CONTINUED)
11 Citadel Broadcasting Corp. ....................... $ 98
4 Coinmach Service Corp. ........................... 38
1 Coinstar, Inc. (D)................................ 16
25 Computer Services, Inc. .......................... 766
1 Consolidated Graphics, Inc. (D)................... 51
39 Corinthian Colleges, Inc. (D)..................... 535
1 Covansys Corp. (D)................................ 46
3 Cumulus Media, Inc. Class A (D)................... 25
1 Dover Motorsports, Inc. .......................... 5
3 Dynamex, Inc. (D)................................. 86
2 DynCorp International, Inc. (D)................... 30
1 Entercom Communications Corp. .................... 28
1 Entravision Communications Corp. Class A (D)...... 10
1 Foundry Networks, Inc. (D)........................ 11
6 FTI Consulting, Inc. (D).......................... 224
10 G & K Services, Inc. Class A...................... 339
1 Gaylord Entertainment Co. (D)..................... 33
16 Gray Television, Inc. ............................ 170
-- Great Wolf Resorts, Inc. (D)...................... 2
10 Harsco Corp. ..................................... 495
1 Healthspring, Inc. (D)............................ 19
-- Heidrick & Struggles International, Inc. (D)...... 9
3 Hudson Highland Group, Inc. (D)................... 51
65 Inter-Tel, Inc. .................................. 1,630
1 Journal Register Co. ............................. 4
1 Lakes Entertainment, Inc. (D)..................... 12
7 Lee Enterprises, Inc. ............................ 170
10 Lin TV Corp. (D).................................. 167
2 Macrovision Corp. (D)............................. 55
1 Manhattan Associates, Inc. (D).................... 31
4 Mentor Graphics Corp. (D)......................... 63
1 MPS Group, Inc. (D)............................... 18
38 Navigant Consulting, Inc. (D)..................... 729
1 Netscout Systems, Inc. (D)........................ 10
-- Opnet Technologies, Inc. (D)...................... 4
6 Parametric Technology Corp. (D)................... 105
7 Perot Systems Corp. Class A (D)................... 123
29 Plexus Corp. (D).................................. 602
4 Premiere Global Services, Inc. (D)................ 45
1 Radio One, Inc. Class D (D)....................... 6
18 Spherion Corp. (D)................................ 156
1 Standard Parking Corp. (D)........................ 35
23 Stewart Enterprises, Inc. ........................ 174
57 Syntel, Inc. ..................................... 2,009
3 Tetra Tech, Inc. (D).............................. 55
22 TETRA Technologies, Inc. (D)...................... 583
15 Unifirst Corp. ................................... 632
68 Unisys Corp. (D).................................. 533
-- Viad Corp. ....................................... 12
2 Volt Information Sciences, Inc. (D)............... 40
7 Waste Connections, Inc. (D)....................... 226
-- Watson Wyatt Worldwide, Inc. ..................... 8
2 Wright Express Corp. (D).......................... 77
--------
14,988
--------
</Table>
The accompanying notes are an integral part of these financial statements.
212
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
TECHNOLOGY -- 8.5%
-- A.O. Smith Corp. ................................. $ 5
7 Actel Corp. (D)................................... 104
3 Advanced Energy Industries, Inc. (D).............. 78
11 AMETEK, Inc. ..................................... 414
4 AMIS Holdings, Inc. (D)........................... 41
1 Anaren Microwave, Inc. (D)........................ 11
2 Arbitron, Inc. ................................... 79
10 Aspen Technology, Inc. (D)........................ 132
2 ATMI, Inc. (D).................................... 59
1 Avocent Corp. (D)................................. 20
1 Bel Fuse, Inc. Class B............................ 32
2 Belden CDT, Inc. ................................. 85
25 Benchmark Electronics, Inc. (D)................... 530
1 Bio-Rad Laboratories, Inc. Class A (D)............ 105
-- Bottomline Technologies, Inc. (D)................. 2
25 Brocade Communications Systems, Inc. (D).......... 244
-- C-COR.net Corp. (D)............................... 4
1 Checkpoint Systems, Inc. (D)...................... 30
27 Cincinnati Bell, Inc. (D)......................... 136
14 CMGI, Inc. (D).................................... 29
17 Coherent, Inc. (D)................................ 525
8 Consolidated Communications Holdings, Inc. ....... 151
2 Credence Systems Corp. (D)........................ 6
2 CSG Systems International, Inc. (D)............... 47
1 CTS Corp. ........................................ 18
6 Cubic Corp. ...................................... 115
6 Deluxe Corp. ..................................... 238
6 Digi International, Inc. (D)...................... 80
2 Eagle Test Systems, Inc. (D)...................... 31
19 Electronics for Imaging, Inc. (D)................. 500
6 Emulex Corp. (D).................................. 124
5 Enersys (D)....................................... 83
7 EPIQ Systems, Inc. (D)............................ 170
1 Extreme Networks, Inc. (D)........................ 5
-- FairPoint Communications, Inc. ................... 2
-- General Cable Corp. (D)........................... 10
52 General Communication, Inc. Class A (D)........... 733
-- Genesis Microchip, Inc. (D)....................... 4
3 GrafTech International Ltd. (D)................... 27
2 Greatbatch, Inc. (D).............................. 58
3 Harmonic, Inc. (D)................................ 28
17 Harris Interactive, Inc. (D)...................... 101
2 IHS, Inc. (D)..................................... 66
2 Infocrossing, Inc. (D)............................ 35
7 Input/Output, Inc. (D)............................ 93
7 Interactive Data Corp. ........................... 206
8 Interwoven, Inc. (D).............................. 128
1 iPass, Inc. (D)................................... 3
4 Kemet Corp. (D)................................... 32
2 Kopin Corp. (D)................................... 6
-- Lattice Semiconductor Corp. (D)................... 1
-- Littelfuse, Inc. (D).............................. 13
11 Magma Design Automation, Inc. (D)................. 149
12 Methode Electronics, Inc. ........................ 184
9 MIPS Technologies, Inc. Class A (D)............... 79
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
TECHNOLOGY -- (CONTINUED)
47 MSC.Software Corp. (D)............................ $ 614
3 Newport Corp. (D)................................. 52
7 Palm, Inc. (D).................................... 118
2 Paxar Corp. (D)................................... 60
11 Pegasystems, Inc. ................................ 102
2 Pericom Semiconductor Corp. (D)................... 23
5 Polycom, Inc. (D)................................. 168
2 Quantum Corp. (D)................................. 5
13 RealNetworks, Inc. (D)............................ 98
9 Roper Industries, Inc. ........................... 505
1 SAVVIS, Inc. (D).................................. 36
18 Schwak, Inc. ..................................... 316
33 Silicon Storage Technology, Inc. (D).............. 135
2 Skyworks Solutions, Inc. (D)...................... 15
3 SonicWALL, Inc. (D)............................... 22
-- Staktek Holdings, Inc. (D)........................ 1
3 Surewest Communications........................... 86
1 Sybase, Inc. (D).................................. 28
2 Sycamore Networks, Inc. (D)....................... 7
7 Syniverse Holdings, Inc. (D)...................... 75
1 TriQuint Semiconductor, Inc. (D).................. 8
1 TTM Technologies, Inc. (D)........................ 7
-- USA Mobility, Inc. ............................... 2
2 Varian, Inc. (D).................................. 89
7 Vignette Corp. (D)................................ 128
1 Zoran Corp. (D)................................... 11
--------
8,902
--------
TRANSPORTATION -- 4.3%
2 Atlas Air Worldwide Holdings, Inc. (D)............ 86
5 ExpressJet Holdings, Inc. (D)..................... 29
4 Gulfmark Offshore, Inc. (D)....................... 187
1 Heartland Express, Inc. .......................... 13
5 Horizon Lines, Inc. Class A....................... 166
1 Hornbeck Offshore Services, Inc. (D).............. 41
43 Landstar System, Inc. ............................ 2,092
3 Polaris Industries, Inc. ......................... 152
7 Republic Airways Holdings, Inc. (D)............... 143
1 SIRVA, Inc. (D)................................... 2
-- SkyWest, Inc. .................................... 3
12 Thor Industries, Inc. ............................ 478
9 Tsakos Energy Navigation Ltd. .................... 537
14 USA Truck, Inc. (D)............................... 221
13 Winnebago Industries, Inc. ....................... 401
--------
4,551
--------
UTILITIES -- 2.0%
4 Black Hills Corp. ................................ 159
3 Duquesne Light Holdings, Inc. .................... 66
3 El Paso Electric Co. (D).......................... 66
4 Empire District Electric Co. ..................... 96
1 IDACORP, Inc. .................................... 45
11 ITC Holdings Corp. ............................... 463
34 Pike Electric Corp. (D)........................... 701
6 PNM Resources, Inc. .............................. 186
</Table>
The accompanying notes are an integral part of these financial statements.
213
THE HARTFORD SELECT SMALLCAP VALUE FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
UTILITIES -- (CONTINUED)
2 UIL Holdings Corp. ............................... $ 79
8 Westar Energy, Inc. .............................. 215
--------
2,076
--------
Total common stock
(cost $91,250).................................. $ 96,343
--------
EXCHANGE-TRADED FUNDS -- 1.5%
INVESTMENT POOLS AND FUNDS -- 1.5%
20 iShares Russell 2000 Value Index Fund............. $ 1,607
--------
Total exchange-traded funds
(cost $1,614)................................... $ 1,607
--------
Total long-term investments
(cost $92,864).................................. $ 97,950
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 6.4%
CONSUMER STAPLES -- 1.4%
$1,475 Cargill Global,
5.25%, 05/01/2007............................... $ 1,475
--------
FINANCE -- 5.0%
1,260 Federated Investors Prime Obligations Fund........ 1,260
2,296 State Street Bank Money Market Fund............... 2,296
1,700 UBS Americas,
5.26%, 05/01/2007............................... 1,700
--------
5,256
--------
Total short-term investments
(cost $6,731)................................... $ 6,731
--------
Total investments in securities
(cost $99,595) (C).............................. $104,681
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 0.62% of total net assets at April 30, 2007.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $99,595 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation......................... $ 8,206
Unrealized depreciation......................... (3,120)
-------
Net unrealized appreciation..................... $ 5,086
=======
</Table>
(D)Currently non-income producing.
FUTURES CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
NUMBER OF APPRECIATION
DESCRIPTION CONTRACTS* POSITION EXPIRATION (DEPRECIATION)
----------- ---------- -------- ---------- --------------
Russell Mini Futures 14 Long June 2007 $16
===
</Table>
* The number of contracts does not omit 000's.
Cash of $45 was pledged as initial margin deposit for open futures
contracts at April 30, 2007.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
214
THE HARTFORD SHORT DURATION FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------------------- ----------
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -- 47.4%
FINANCE -- 47.4%
$ 234 ACE Securities Corp.,
3.28%, 08/15/2030 (I)........................... $ 233
295 American Express Credit Account Master Trust,
5.82%, 02/15/2012 (I)(L)........................ 296
497 AmeriCredit Automobile Receivables Trust,
2.87%, 02/07/2011............................... 492
1,725 AmeriCredit Automobile Receivables Trust,
4.22%, 07/06/2009............................... 1,717
600 AmeriCredit Automobile Receivables Trust,
5.04%, 05/06/2011............................... 598
1,400 AmeriCredit Automobile Receivables Trust,
5.07%, 07/06/2010............................... 1,394
1,000 Auburn Funding LLC,
6.92%, 01/25/2012 (I)(L)........................ 1,000
29,689 Banc of America Commercial Mortgage, Inc.,
4.08%, 12/10/2042 (P)........................... 526
1,500 Banc of America Securities Auto Trust,
4.49%, 02/18/2013............................... 1,483
2,000 Bank One Issuance Trust,
3.59%, 05/17/2010............................... 1,987
347 Bank One Issuance Trust,
4.54%, 09/15/2010............................... 345
648 Bayview Commercial Asset Trust,
6.32%, 01/25/2035 (I)(L)........................ 656
13,688 Bayview Commercial Asset Trust,
7.18%, 01/25/2037 (I)(P)........................ 1,422
1,582 Bayview Financial Acquisition Trust,
4.91%, 02/25/2033 (I)........................... 1,555
2,000 Bayview Financial Acquisition Trust,
5.64%, 11/28/2036............................... 2,000
808 Bear Stearns Asset Backed Securities, Inc.,
5.16%, 09/25/2033............................... 801
23,032 Bear Stearns Commercial Mortgage Securities, Inc.,
4.12%, 11/11/2041 (P)........................... 610
57,331 Bear Stearns Commercial Mortgage Securities, Inc.,
4.65%, 02/11/2041 (P)........................... 650
108,262 Bear Stearns Commercial Mortgage Securities, Inc.,
6.25%, 12/11/2040 (I)(P)........................ 501
800 Capital Auto Receivables Asset Trust,
5.55%, 01/18/2011............................... 805
200 Capital Auto Receivables Asset Trust,
5.77%, 05/20/2010 (I)........................... 202
225 Capital Auto Receivables Asset Trust,
6.15%, 04/20/2011 (I)........................... 228
400 Capital One Master Trust,
7.90%, 10/15/2010 (I)........................... 403
1,000 Capital One Multi-Asset Execution Trust,
4.50%, 06/15/2011............................... 991
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------------------- ----------
FINANCE -- (CONTINUED)
$ 2,000 Capital One Prime Auto Receivables Trust,
3.11%, 11/15/2010............................... $ 1,981
9,835 CBA Commercial Small Balance Commercial Mortgage,
7.00%, 07/25/2035 (I)(P)........................ 458
7,611 CBA Commercial Small Balance Commercial Mortgage,
7.00%, 06/25/2038 (I)(P)........................ 502
11,983 CBA Commercial Small Balance Commercial Mortgage,
9.75%, 01/25/2039 (I)(P)........................ 1,198
4,000 Chase Issuance Trust,
4.23%, 01/15/2013............................... 3,924
296 Chase Manhattan Auto Owner Trust,
2.78%, 06/15/2010............................... 294
735 Chase Manhattan Auto Owner Trust,
2.94%, 06/15/2010............................... 728
2,000 Citibank Credit Card Issuance Trust,
4.45%, 04/07/2010............................... 1,982
2,000 Citibank Credit Card Issuance Trust,
4.85%, 02/10/2011............................... 1,994
2,000 Citibank Credit Card Issuance Trust,
5.54%, 01/09/2012 (L)........................... 1,999
18,124 Citigroup Commercial Mortgage Trust,
4.10%, 10/15/2041 (I)(P)........................ 591
263 CNH Equipment Trust,
2.57%, 09/15/2009............................... 262
90 CNH Equipment Trust,
3.13%, 11/15/2010............................... 90
300 CNH Equipment Trust,
3.35%, 02/15/2011............................... 296
750 CNH Equipment Trust,
4.93%, 12/17/2012............................... 748
3,304 Commercial Mortgage Pass-Through Certificates,
3.59%, 03/10/2039 (I)(P)........................ 84
1,500 Commercial Mortgage Pass-Through Certificates,
5.77%, 12/15/2020 (I)(L)........................ 1,500
1,500 Countrywide Asset-Backed Certificates,
5.57%, 11/25/2035............................... 1,499
21,397 CS First Boston Mortgage Securities Corp.,
4.15%, 11/15/2037 (I)(P)........................ 584
13,458 CS First Boston Mortgage Securities Corp.,
4.17%, 07/15/2036 (I)(P)........................ 263
800 DaimlerChrysler Auto Trust,
5.14%, 09/08/2012............................... 801
5 DLJ Mortgage Acceptance Corp.,
6.82%, 10/15/2030 (I)........................... 5
300 Equity One ABS, Inc.,
7.82%, 07/25/2034 (L)........................... 302
1,625 Ford Credit Auto Owner Trust,
4.19%, 07/15/2009............................... 1,616
750 Ford Credit Auto Owner Trust,
5.29%, 04/15/2011............................... 752
</Table>
The accompanying notes are an integral part of these financial statements.
215
THE HARTFORD SHORT DURATION FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------------------- ----------
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -- (CONTINUED)
FINANCE -- (CONTINUED)
$ 750 Ford Credit Auto Owner Trust,
5.48%, 09/15/2011............................... $ 758
500 Ford Credit Auto Owner Trust,
5.68%, 06/15/2012............................... 505
8,731 GE Capital Commercial Mortgage Corp.,
3.76%, 03/10/2040 (I)(P)........................ 162
1,386 GMAC Mortgage Corp. Loan Trust,
4.09%, 04/25/2033............................... 1,371
500 GMAC Mortgage Corp. Loan Trust,
4.62%, 04/25/2033............................... 495
401 Goldman Sachs Auto Loan Trust,
4.98%, 11/15/2013............................... 399
2,000 Goldman Sachs Mortgage Securities Corp. II,
4.32%, 10/10/2028............................... 1,948
20,138 Goldman Sachs Mortgage Securities Corp. II,
4.38%, 08/10/2038 (I)(P)........................ 199
500 Granite Mortgages plc,
6.81%, 01/20/2043 (L)........................... 506
1,500 Great America Leasing Receivables,
5.43%, 09/15/2008 (I)........................... 1,500
14 Green Tree Financial Corp.,
7.30%, 01/15/2026............................... 14
787 Hasco NIM Trust,
6.17%, 08/26/2036 (I)........................... 779
128 Hasco NIM Trust,
6.25%, 12/26/2035 (I)........................... 126
1,000 Hertz Vehicle Financing LLC,
4.93%, 02/25/2010 (I)........................... 996
257 Home Equity Asset Trust,
4.75%, 06/27/2035 (H)........................... 180
400 Home Equity Asset Trust,
7.82%, 07/25/2037 (L)........................... 374
722 Hyundai Auto Receivables Trust,
4.10%, 08/15/2011............................... 715
1,500 Hyundai Auto Receivables Trust,
4.45%, 02/15/2012............................... 1,476
75 JP Morgan Chase Commercial Mortgage Security
Corp.,
2.92%, 01/12/2038............................... 74
5,344 JP Morgan Chase Commercial Mortgage Security
Corp.,
3.68%, 01/15/2038 (I)(P)........................ 155
32,651 JP Morgan Chase Commercial Mortgage Security
Corp.,
4.07%, 01/15/2042 (P)........................... 479
14,595 JP Morgan Chase Commercial Mortgage Security
Corp.,
4.65%, 10/15/2037 (I)(P)........................ 263
37,912 JP Morgan Chase Commercial Mortgage Security
Corp.,
4.82%, 08/12/2037 (P)........................... 148
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------------------- ----------
FINANCE -- (CONTINUED)
$ 1,391 JP Morgan Chase Commercial Mortgage Security
Corp.,
5.34%, 05/12/2045............................... $ 1,395
1,425 JP Morgan Chase Commercial Mortgage Security
Corp.,
6.07%, 02/15/2020 (I)(L)........................ 1,425
18,151 LaSalle Commercial Mortgage Securities,
6.20%, 09/20/2043 (I)(P)........................ 923
14 LB-UBS Commercial Mortgage Trust,
3.17%, 12/15/2026............................... 14
358 LB-UBS Commercial Mortgage Trust,
3.63%, 10/15/2029............................... 350
2,109 LB-UBS Commercial Mortgage Trust,
4.25%, 12/15/2036 (I)(P)........................ 58
1,635 Lehman Brothers Small Balance Commercial,
6.77%, 09/27/2036 (I)........................... 1,632
183 Long Beach Asset Holdings Corp.,
5.78%, 04/25/2046 (I)........................... 183
750 Marlin Leasing Receivables LLC,
4.63%, 11/17/2008 (I)........................... 747
368 Marlin Leasing Receivables LLC,
5.09%, 08/15/2012 (I)........................... 365
1,600 Marlin Leasing Receivables LLC,
5.33%, 09/16/2013 (I)........................... 1,603
600 Marlin Leasing Receivables LLC,
5.63%, 09/16/2013 (I)........................... 591
600 Memory Lane Advance Receivables Backed Notes,
5.03%, 10/24/2014 (I)........................... 596
18,229 Merrill Lynch Mortgage Trust,
3.81%, 08/12/2039 (I)(P)........................ 511
19,463 Merrill Lynch Mortgage Trust,
3.96%, 10/12/2041 (I)(P)........................ 560
28,233 Merrill Lynch Mortgage Trust,
4.67%, 09/12/2042 (P)........................... 311
104 Morgan Stanley Capital I,
2.80%, 12/15/2041............................... 103
277 Morgan Stanley Capital I,
3.96%, 06/15/2040............................... 272
194 Morgan Stanley Dean Witter Capital I,
5.38%, 01/15/2039............................... 194
275 Nationstar Home Equity Loan Trust,
9.97%, 03/25/2037 (L)........................... 275
326 Navistar Financial Corp. Owner Trust,
3.08%, 11/15/2009............................... 326
1,500 Ocwen Advance Receivables Backed Notes,
5.34%, 11/24/2015 (I)........................... 1,492
540 Providian Gateway Master Trust,
3.35%, 09/15/2011 (I)........................... 536
750 Providian Gateway Master Trust,
3.95%, 09/15/2011 (I)........................... 746
1,000 Providian Gateway Master Trust,
4.05%, 11/15/2011 (I)........................... 992
</Table>
The accompanying notes are an integral part of these financial statements.
216
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------------------- ----------
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -- (CONTINUED)
FINANCE -- (CONTINUED)
$ 180 Renaissance Home Equity Loan Trust Class M7,
7.50%, 04/25/2037............................... $ 161
225 Renaissance Home Equity Loan Trust Class M8,
7.50%, 04/25/2037............................... 185
300 Renaissance Home Equity Loan Trust,
9.79%, 04/25/2037 (I)........................... 300
1,500 Structured Asset Investment Loan Trust,
7.07%, 11/25/2033 (L)........................... 1,506
400 Structured Asset Securities Corp.,
7.82%, 01/25/2037 (I)(L)........................ 396
450 Structured Asset Securities Corp.,
7.82%, 02/25/2037 (L)........................... 442
500 Superior Wholesale Inventory Financing Trust,
5.80%, 06/15/2010 (L)........................... 501
1,000 USAA Auto Owner Trust,
5.66%, 03/15/2013............................... 1,014
1,700 Wachovia Auto Loan Owner Trust,
5.42%, 04/21/2014 (I)........................... 1,707
1,000 Wachovia Auto Loan Owner Trust,
5.54%, 12/20/2012 (I)........................... 1,008
276 Wachovia Bank Commercial Mortgage Trust,
3.48%, 08/15/2041............................... 270
5,928 Wachovia Bank Commercial Mortgage Trust,
3.65%, 02/15/2041 (I)(P)........................ 158
1,500 Washington Mutual Master Note Trust,
5.70%, 10/15/2013 (I)(L)........................ 1,500
17,821 Washington Mutual Master Note Trust,
7.00%, 11/23/2043 (I)(P)........................ 919
1,900 Wells Fargo Home Equity Trust,
5.62%, 04/25/2034 (L)........................... 1,900
101 WFS Financial Owner Trust,
2.73%, 05/20/2011............................... 100
792 WFS Financial Owner Trust,
3.25%, 05/20/2011............................... 787
1,000 WFS Financial Owner Trust,
4.76%, 05/17/2013............................... 990
148 Whole Auto Loan Trust,
3.13%, 03/15/2011............................... 146
295 Whole Auto Loan Trust,
3.37%, 03/15/2011............................... 294
1,000 World Financial Network Credit Card Master,
7.77%, 05/15/2012 (L)........................... 1,017
160 World Omni Auto Receivables Trust,
3.62%, 07/12/2011............................... 158
----------
Total asset & commercial mortgage backed
securities
(cost $91,125).................................. $ 90,629
----------
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------------------- ----------
CORPORATE BONDS: INVESTMENT GRADE -- 30.7%
BASIC MATERIALS -- 1.6%
$ 500 Valspar Corp.,
6.00%, 05/01/2007............................... $ 500
2,500 Xstrata Finance Dubain Ltd.,
5.71%, 11/13/2009 (I)(L)........................ 2,503
----------
3,003
----------
CAPITAL GOODS -- 0.2%
300 Textron, Inc.,
6.63%, 11/15/2007............................... 302
----------
CONSUMER CYCLICAL -- 2.3%
500 Centex Corp.,
4.75%, 01/15/2008............................... 498
500 Centex Corp.,
5.61%, 08/01/2007 (L)........................... 500
1,500 DaimlerChrysler NA Holdings Corp.,
5.69%, 03/13/2009 (L)........................... 1,503
2,000 Home Depot, Inc.,
5.47%, 12/16/2009 (L)........................... 2,003
----------
4,504
----------
CONSUMER STAPLES -- 0.4%
860 Diageo Capital plc,
3.38%, 03/20/2008............................... 845
----------
ENERGY -- 2.3%
1,000 Anadarko Petroleum Corp.,
5.75%, 09/15/2009 (L)........................... 1,002
350 Louis Dreyfus Natural Gas Corp.,
6.88%, 12/01/2007............................... 353
1,000 Sempra Energy,
4.62%, 05/17/2007............................... 1,000
2,000 Transocean, Inc.,
5.55%, 09/05/2008 (L)........................... 2,001
----------
4,356
----------
FINANCE -- 15.3%
1,000 American General Finance Corp.,
2.75%, 06/15/2008............................... 974
400 Avalon Properties, Inc.,
6.88%, 12/15/2007............................... 403
600 Banca Commerciale Italiana,
8.25%, 07/15/2007............................... 603
1,500 BankBoston NA,
7.00%, 09/15/2007............................... 1,507
2,000 Bear Stearns & Co., Inc.,
4.00%, 01/31/2008............................... 1,982
1,000 Capital One Financial Corp.,
5.62%, 09/10/2009 (L)........................... 1,003
1,584 Citicorp,
6.38%, 11/15/2008............................... 1,613
220 Credit Suisse First Boston NY,
6.50%, 05/01/2008 (I)........................... 222
2,000 Duke Realty L.P.,
3.50%, 11/01/2007............................... 1,980
</Table>
The accompanying notes are an integral part of these financial statements.
217
THE HARTFORD SHORT DURATION FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------------------- ----------
CORPORATE BONDS: INVESTMENT GRADE -- (CONTINUED)
FINANCE -- (CONTINUED)
$ 1,000 ERAC USA Finance Co.,
7.35%, 06/15/2008 (I)........................... $ 1,016
1,880 General Electric Capital Corp.,
4.00%, 02/17/2009............................... 1,846
450 HSBC Finance Corp.,
7.65%, 05/15/2007............................... 450
1,145 JP Morgan Chase & Co.,
6.00%, 02/15/2009............................... 1,161
1,500 John Deere Capital Corp.,
4.50%, 08/22/2007............................... 1,496
250 Key Bank NA,
5.00%, 07/17/2007............................... 250
2,000 Lehman Brothers Holdings, Inc.,
4.00%, 01/22/2008............................... 1,979
120 Lincoln National Corp.,
5.25%, 06/15/2007............................... 120
148 MBNA America Bank NA,
6.75%, 03/15/2008............................... 150
150 Merrill Lynch & Co., Inc.,
8.00%, 06/01/2007............................... 150
1,000 North Street Referenced Linked Notes,
6.05%, 07/30/2010 (I)(L)........................ 940
500 North Street Referenced Linked Notes,
6.41%, 07/30/2010 (I)(L)........................ 435
650 Prudential Financial, Inc.,
3.75%, 05/01/2008............................... 639
1,000 Prudential Funding LLC,
6.60%, 05/15/2008 (I)........................... 1,008
1,000 Residential Capital Corp.,
5.84%, 06/09/2008 (L)........................... 993
650 Simon Property Group L.P.,
6.38%, 11/15/2007............................... 653
350 Simon Property Group L.P.,
7.13%, 09/20/2007............................... 352
2,000 Sovereign Bancorp, Inc.,
5.58%, 03/23/2010 (L)........................... 2,000
1,000 Sovereign Bank,
4.00%, 02/01/2008............................... 990
400 Travelers Property Casualty Corp.,
3.75%, 03/15/2008............................... 393
1,000 UnitedHealth Group, Inc.,
3.30%, 01/30/2008............................... 984
1,000 Zion Bancorp,
5.47%, 09/15/2008 (L)........................... 1,000
----------
29,292
----------
HEALTH CARE -- 1.0%
2,000 Cardinal Health, Inc.,
5.62%, 10/02/2009 (I)(L)........................ 2,000
----------
SERVICES -- 3.1%
550 Belo Corp.,
7.13%, 06/01/2007............................... 550
700 Comcast Corp.,
5.66%, 07/14/2009 (L)........................... 701
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------------------- ----------
SERVICES -- (CONTINUED)
$ 450 Harrah's Operating Co., Inc.,
7.13%, 06/01/2007............................... $ 451
850 Hyatt Equities LLC,
6.88%, 06/15/2007 (I)........................... 851
1,000 Marriott International, Inc.,
7.00%, 01/15/2008............................... 1,008
300 News America, Inc.,
6.63%, 01/09/2008............................... 302
1,000 Time Warner, Inc.,
5.59%, 11/13/2009 (L)........................... 1,002
1,000 Walt Disney Co.,
5.44%, 09/10/2009 (L)........................... 1,001
----------
5,866
----------
TECHNOLOGY -- 2.2%
500 Cingular Wireless Services, Inc.,
7.50%, 05/01/2007............................... 500
1,000 Deutsche Telekom International Finance B.V.,
5.53%, 03/23/2009 (L)........................... 1,002
1,000 Lenfest Communications, Inc.,
7.63%, 02/15/2008............................... 1,015
1,000 Oracle Corp.,
5.59%, 01/13/2009 (L)........................... 1,001
707 Raytheon Co.,
6.75%, 08/15/2007............................... 709
----------
4,227
----------
TRANSPORTATION -- 0.6%
800 Norfolk Southern Corp.,
7.35%, 05/15/2007............................... 800
350 TTX Co.,
3.88%, 03/01/2008 (I)........................... 344
----------
1,144
----------
UTILITIES -- 1.7%
900 Dominion Resources, Inc.,
5.65%, 09/28/2007 (L)........................... 900
250 Northeast Utilities,
3.30%, 06/01/2008............................... 244
1,500 Ohio Power Co.,
5.53%, 04/05/2010 (L)........................... 1,501
250 Puget Sound Energy, Inc.,
3.36%, 06/01/2008............................... 245
270 Texas Eastern Transmission L.P.,
5.25%, 07/15/2007............................... 270
----------
3,160
----------
Total corporate bonds: investment grade
(cost $58,760).................................. $ 58,699
----------
U.S. GOVERNMENT AGENCIES -- 9.8%
FEDERAL HOME LOAN MORTGAGE CORPORATION -- 4.0%
7,500 6.00% 2032........................................ $ 7,653
----------
FEDERAL NATIONAL MORTGAGE ASSOCIATION -- 2.3%
4,416 5.50% 2014........................................ 4,426
----------
</Table>
The accompanying notes are an integral part of these financial statements.
218
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------------------- ----------
U.S. GOVERNMENT AGENCIES -- (CONTINUED)
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION -- 3.5%
$ 4,436 6.00% 2032........................................ $ 4,519
2,000 6.50% 2031........................................ 2,079
----------
6,598
----------
Total U.S. government agencies
(cost $18,569).................................. $ 18,677
----------
U.S. GOVERNMENT SECURITIES -- 6.0%
U.S. TREASURY SECURITIES -- 6.0%
U.S. TREASURY NOTES:
11,440 4.88% 2008........................................ $ 11,458
----------
Total U.S. government securities
(cost $11,452).................................. $ 11,458
----------
Total long-term investments
(cost $179,906)................................. $ 179,463
----------
SHORT-TERM INVESTMENTS -- 5.8%
CONSUMER CYCLICAL -- 1.0%
$ 2,000 Kroger Co.,
5.67%, 05/01/2007............................... $ 2,000
----------
ENERGY -- 0.9%
1,649 Pacific Gas and Electric Co.,
5.35%, 05/02/2007 (I)........................... 1,648
----------
FINANCE -- 2.4%
500 Bank of New York Co., Inc.,
5.05%, 03/03/2009............................... 497
2,000 Burlington Northern,
5.35%, 05/01/2007............................... 2,000
2,000 Countrywide Financial Corp.,
5.33%, 05/07/2007............................... 1,998
----------
4,495
----------
SERVICES -- 0.5%
1,000 Walt Disney,
5.32%, 05/15/2007............................... 998
----------
TECHNOLOGY -- 1.0%
2,000 Viacom,
5.47%, 05/04/2007 (I)........................... 1,999
----------
Total short-term investments
(cost $11,140).................................. $ 11,140
----------
Total investments in securities
(cost $191,046) (C)............................. $ 190,603
==========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 2.54% of total net assets at April 30, 2007.
(C) At April 30, 2007, the cost of securities for federal income tax purposes
was $191,046 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................... $ 387
Unrealized depreciation........................... (830)
-----
Net unrealized depreciation....................... $(443)
=====
</Table>
(H) The following securities are considered illiquid. Illiquid securities are
often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD
ACQUIRED SHARES/PAR SECURITY COST BASIS
-------- ---------- -------- ----------
03/2006 257 Home Equity Asset Trust, 4.75%,
06/27/2035 - 144A $254
</Table>
The aggregate value of these securities at April 30, 2007 was $180,
which represents 0.09% of total net assets.
(I) Securities issued within terms of a private placement memorandum, exempt
from registration under Section 144A of the Securities Act of 1933, as
amended, and may be sold only to qualified institutional buyers. Pursuant
to guidelines adopted by the Board of Directors, these issues are
determined to be liquid. The aggregate value of these securities at April
30, 2007, was $47,775, which represents 25.01% of total net assets.
(L) Variable rate securities; the rate reported is the coupon rate in effect
at April 30, 2007.
(P) The interest rates disclosed for interest only strips represent effective
yields based upon estimated future cash flows at April 30, 2007.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
The accompanying notes are an integral part of these financial statements.
219
THE HARTFORD SMALL COMPANY FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 96.3%
BASIC MATERIALS -- 9.3%
17 AEP Industries, Inc. (D).......................... $ 730
111 Agrium, Inc. ..................................... 4,281
42 AK Steel Holding Corp. (D)........................ 1,285
74 Arch Coal, Inc. .................................. 2,659
41 Aventine Renewable Energy Holdings, Inc. (D)...... 780
25 Balchem Corp. .................................... 454
22 Cabot Microelectronics Corp. (D).................. 714
92 Champion Enterprises, Inc. (D).................... 944
9 Chaparral Steel Co. .............................. 649
10 Cleveland-Cliffs, Inc. ........................... 670
15 Deltic Timber Corp. .............................. 736
30 Georgia Gulf Corp. ............................... 474
1,386 Golden Hope Plantations BHD (A)................... 3,214
14 Grace (W.R.) & Co. (D)............................ 365
57 Hercules, Inc. (D)................................ 1,065
30 Insteel Industries, Inc. ......................... 504
147 Jarden Corp. (D)(G)............................... 6,182
10 Kaydon Corp. ..................................... 469
1,176 Kingboard Chemical Holdings Ltd. (A).............. 5,478
28 Lupatech S.A. .................................... 518
14 NCI Building Systems, Inc. (D).................... 695
15 Neenah Paper, Inc. ............................... 562
115 Owens-Illinois, Inc. (D).......................... 3,473
27 Pioneer Co. (D)................................... 792
15 Playtex Products, Inc. (D)........................ 233
21 Quanex Corp. ..................................... 904
6 RTI International Metals, Inc. (D)................ 547
38 Select Comfort Corp. (D).......................... 708
33 Tempur-Pedic International, Inc. ................. 868
268 Terra Industries, Inc. (D)........................ 4,728
10 Tupperware Brands Corp. .......................... 277
55 Wausau Paper Corp. ............................... 740
57 Xerium Technologies, Inc. ........................ 463
--------
47,161
--------
CAPITAL GOODS -- 4.7%
20 Clarcor, Inc. .................................... 618
23 Columbus McKinnon Corp. (D)....................... 572
27 Daktronics, Inc. ................................. 622
18 Flowserve Corp. .................................. 1,116
132 Goodman Global, Inc. (D)(G)....................... 2,464
29 II - VI, Inc. (D)................................. 775
4 Leapfrog Enterprises, Inc. (D).................... 43
56 Lindsay Corp. (G)................................. 1,721
9 Lufkin Industries, Inc. .......................... 574
113 Marvel Entertainment, Inc. (D)(G)................. 3,342
21 Oil States International, Inc. (D)................ 710
41 Orbital Sciences Corp. (D)........................ 862
9 SauerDanfoss, Inc. ............................... 271
22 Tennant Co. ...................................... 704
28 Tessera Technologies, Inc. (D).................... 1,211
104 TransDigm Group, Inc. (D)......................... 3,924
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
CAPITAL GOODS -- (CONTINUED)
21 Trina Solar Ltd. ADR (D)(G)....................... $ 1,098
48 Varian Semiconductor Equipment Associates, Inc.
(D)(G).......................................... 3,214
--------
23,841
--------
CONSUMER CYCLICAL -- 9.1%
6 Accuride Corp. (D)................................ 87
19 Aeropostale, Inc. (D)............................. 782
22 Albany International Corp. Class A................ 823
14 American Woodmark Corp. .......................... 466
7 AMREP Corp. ...................................... 408
38 Applied Industrial Technologies, Inc. ............ 1,016
51 Arris Group, Inc. (D)............................. 760
19 Brown Shoe Co., Inc. ............................. 508
11 Cherokee, Inc. ................................... 487
31 Children's Place Retail Stores, Inc. (D).......... 1,645
280 Corporacion GEO S.A. de C.V. (D).................. 1,538
17 Crocs, Inc. (D)................................... 932
135 Cytyc Corp. (D)................................... 4,770
12 Deckers Outdoor Corp. (D)......................... 889
99 Dollar Tree Stores, Inc. (D)...................... 3,879
34 Dress Barn, Inc. (D).............................. 675
46 DSW, Inc. (D)..................................... 1,792
41 Dufry Group (D)................................... 4,631
10 Granite Construction, Inc. ....................... 617
7 GSI Commerce, Inc. (D)............................ 157
18 Guess?, Inc. ..................................... 724
27 Gymboree Corp. (D)................................ 1,038
26 Iconix Brand Group, Inc. (D)...................... 519
13 Jamba, Inc. (D)................................... 112
49 Kimball International, Inc. ...................... 878
3 K-Swiss, Inc. .................................... 93
180 LKQ Corp. (D)(G).................................. 4,062
33 Maidenform Brands, Inc. (D)....................... 673
20 Men's Wearhouse, Inc. ............................ 865
18 Payless ShoeSource, Inc. (D)...................... 574
14 Phillips-Van Heusen Corp. ........................ 767
48 PSS World Medical, Inc. (D)....................... 960
16 Sotheby's......................................... 849
149 Tecnisa S.A. (D).................................. 824
20 The Buckle, Inc. ................................. 727
40 Under Armour, Inc. Class A (D)(G)................. 2,035
106 VistaPrint Ltd. (D)............................... 3,945
--------
46,507
--------
CONSUMER STAPLES -- 1.0%
19 Boston Beer Co., Inc. Class A (D)................. 602
13 Chattem, Inc. (D)................................. 766
7 Diamond Foods, Inc. .............................. 108
83 Jones Soda Co. (D)(G)............................. 2,048
20 Lancaster Colony Corp. ........................... 863
9 Ralcorp Holdings, Inc. (D)........................ 605
6 Vector Group Ltd. ................................ 108
--------
5,100
--------
</Table>
The accompanying notes are an integral part of these financial statements.
220
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
ENERGY -- 5.7%
19 Alon USA Energy, Inc. ............................ $ 707
18 Berry Petroleum Co. .............................. 599
40 Bois d'Arc Energy, Inc. (D)....................... 595
112 Cabot Oil & Gas Corp. ............................ 4,097
44 Callon Petroleum Corp. (D)........................ 611
16 Clayton Williams Energy, Inc. (D)................. 420
213 Complete Production Services, Inc. (D)(G)......... 5,124
28 Comstock Resources, Inc. (D)...................... 791
19 Crosstex Energy, Inc. ............................ 556
37 Delek U.S. Holdings, Inc. ........................ 713
132 Denbury Resources, Inc. (D)....................... 4,352
126 Grey Wolf, Inc. (D)............................... 903
28 Headwaters, Inc. (D).............................. 616
16 Hercules Offshore, Inc. (D)....................... 487
26 Mariner Energy, Inc. (D).......................... 591
8 Penn Virginia Corp. .............................. 672
59 Petrohawk Energy Corp. (D)........................ 850
15 Petroleum Development Corp. (D)................... 801
56 Pioneer Drilling Co. (D).......................... 766
184 Vaalco Energy, Inc. (D)........................... 991
22 WD40 Co. ......................................... 777
65 Western Oil Sands, Inc. Class A (D)............... 2,098
12 W-H Energy Services (D)........................... 637
--------
28,754
--------
FINANCE -- 7.8%
1,017 Aberdeen Asset Management plc (A)................. 4,429
76 Admiral Group plc (A)............................. 1,600
107 Aercap Holdings N.V. (D).......................... 3,122
126 Allied World Assurance Holdings Ltd. ............. 5,577
59 Amerigroup Corp. (D).............................. 1,651
31 Authorize.Net Holdings, Inc. (D).................. 549
634 Babcock and Brown Wind Partners (A)............... 987
39 Centene Corp. (D)................................. 807
28 Cousins Properties, Inc. ......................... 949
122 Covanta Holding Corp. (D)......................... 3,004
17 Credit Acceptance Corp. (D)....................... 466
11 Delphi Financial Group Class A.................... 490
2 EastGroup Properties, Inc. ....................... 91
48 Ezcorp, Inc. (D).................................. 733
1 First Community Bancorp, Inc. .................... 62
21 Getty Realty Corp. ............................... 591
12 Greenhill & Co., Inc. ............................ 738
21 HealthExtras, Inc. (D)............................ 654
26 Inland Real Estate Corp. ......................... 472
10 International Securities Exchange Holdings,
Inc. ........................................... 694
34 Molina Healthcare, Inc. (D)....................... 1,031
39 Nuveen Investments, Inc. Class A (G).............. 2,097
36 Omega Healthcare Investors........................ 612
24 optionsXpress Holdings, Inc. ..................... 601
89 ProAssurance Corp. (D)............................ 4,775
7 PS Business Parks, Inc. .......................... 489
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
FINANCE -- (CONTINUED)
20 Saul Centers, Inc. ............................... $ 1,056
214 UTStarcom, Inc. (D)............................... 1,527
--------
39,854
--------
HEALTH CARE -- 14.7%
21 Adams Respiratory Therapeutics, Inc. (D).......... 779
23 Affymetrix, Inc. (D).............................. 613
116 Alkermes, Inc. (D)(G)............................. 1,904
68 Alliance Imaging, Inc. (D)........................ 609
28 Alpharma, Inc. Class A............................ 685
10 AmSurg Corp. (D).................................. 223
55 Amylin Pharmaceuticals, Inc. (D)(G)............... 2,270
50 Apria Healthcare Group, Inc. (D).................. 1,583
114 Arena Pharmaceuticals, Inc. (D)(G)................ 1,492
127 AtheroGenics, Inc. (D)(G)......................... 426
71 Charles River Laboratories International, Inc.
(D)............................................. 3,385
18 Cubist Pharmaceuticals, Inc. (D).................. 381
91 Dade Behring Holdings, Inc. ...................... 4,488
94 Digene Corp. (D)(G)............................... 4,309
8 DJO, Inc. (D)..................................... 304
25 Genomic Health, Inc. (D).......................... 412
16 Haemonetics Corp. (D)............................. 777
18 Healthways, Inc. (D).............................. 772
42 Herbalife Ltd. ................................... 1,689
144 Human Genome Sciences, Inc. (D)(G)................ 1,547
55 Immucor, Inc. (D)................................. 1,778
30 InterMune, Inc. (D)............................... 873
67 Inverness Medical Innovation (D).................. 2,666
66 Kyphon, Inc. (D).................................. 3,097
19 LCA-Vision, Inc. ................................. 807
24 Lifecell Corp. (D)................................ 703
115 LifePoint Hospitals, Inc. (D)..................... 4,209
27 Magellan Health Services, Inc. (D)................ 1,143
76 Manor Care, Inc. (G).............................. 4,928
11 MedCath Corp. (D)................................. 338
31 Medical Action Industries, Inc. (D)............... 713
110 Medicines Co. (D)(G).............................. 2,515
33 Medicis Pharmaceutical Corp. Class A.............. 1,014
123 Mentor Corp. ..................................... 4,769
25 Meridian Bioscience, Inc. ........................ 752
25 MGI Pharma, Inc. (D).............................. 553
24 NBTY, Inc. (D).................................... 1,191
29 Nektar Therapeutics (D)........................... 365
2 Northstar Neuroscience, Inc. (D).................. 25
42 Obagi Medical Products, Inc. (D).................. 531
25 OSI Pharmaceuticals, Inc. (D)..................... 850
20 Par Pharmaceutical Cos., Inc. (D)................. 526
15 PAREXEL International Corp. (D)................... 608
28 Perrigo Co. ...................................... 538
46 Pharmaceutical Product Development, Inc. ......... 1,673
21 Pharmion Corp. (D)................................ 639
25 Sciele Pharma, Inc. (D)........................... 616
28 Sunrise Senior Living, Inc. (D)................... 1,066
22 SurModics, Inc. (D)............................... 907
15 United Therapeutics Corp. (D)..................... 817
9 Usana Health Sciences, Inc. (D)................... 343
</Table>
The accompanying notes are an integral part of these financial statements.
221
THE HARTFORD SMALL COMPANY FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
HEALTH CARE -- (CONTINUED)
30 Valeant Pharmaceuticals International............. $ 533
43 Vertex Pharmaceuticals, Inc. (D).................. 1,310
61 ViroPharma, Inc. (D).............................. 918
21 West Pharmaceutical Services...................... 1,025
32 Zoll Medical Corp. (D)............................ 781
--------
74,768
--------
SERVICES -- 15.4%
10 Anixter International, Inc. (D)................... 702
17 Atheros Communications, Inc. (D).................. 454
14 CACI International, Inc. Class A (D).............. 633
23 Central European Media Enterprises Ltd. (D)(G).... 2,037
53 Cogent, Inc. (D).................................. 741
27 Coinmach Service Corp. ........................... 289
10 Coinstar, Inc. (D)................................ 318
41 Corvel (D)........................................ 1,118
18 DeVry, Inc. ...................................... 588
33 Diamond Management & Technology................... 369
27 Digital River, Inc. (D)........................... 1,551
70 Factset Research Systems, Inc. ................... 4,335
45 First Consulting Group, Inc. (D).................. 451
101 Focus Media Holding Ltd. ADR (D).................. 3,724
152 Foundry Networks, Inc. (D)........................ 2,303
64 GameTech International, Inc. (D).................. 728
20 Gartner, Inc. Class A (D)......................... 493
16 Geo Group, Inc. (D)............................... 809
49 Healthspring, Inc. (D)............................ 1,160
16 Heidrick & Struggles International, Inc. (D)...... 756
23 Hub Group, Inc. (D)............................... 835
96 Hythiam, Inc. (D)................................. 667
23 Inter-Tel, Inc. .................................. 588
10 inVentiv Health, Inc. (D)......................... 389
58 INVESTools, Inc. (D).............................. 784
90 Iron Mountain, Inc. (D)(G)........................ 2,525
9 Ixia (D).......................................... 73
28 Korn/Ferry International (D)...................... 653
124 Live Nation, Inc. (D)(G).......................... 2,521
20 Lodgenet Entertainment Corp. (D).................. 696
42 Macrovision Corp. (D)............................. 1,027
32 Manhattan Associates, Inc. (D).................... 926
15 Mantech International Corp. Class A (D)........... 454
132 Mentor Graphics Corp. (D)......................... 2,132
12 Micros Systems (D)................................ 673
140 MoneyGram International, Inc. .................... 3,970
185 Net Servicos de Comunicacao SA (D)................ 2,798
30 Netscout Systems, Inc. (D)........................ 244
19 Omnicell, Inc. (D)................................ 441
82 Pinnacle Entertainment, Inc. (D).................. 2,312
7 Pre-Paid Legal Services, Inc. (D)................. 393
123 Priceline.com, Inc. (D)(G)........................ 6,834
22 Quality Systems................................... 870
59 Sinclair Broadcast Group, Inc. Class A............ 970
7 Standard Parking Corp. (D)........................ 253
33 Stericycle, Inc. (D)(G)........................... 2,851
10 Taleo Corp. Class A (D)........................... 160
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
SERVICES -- (CONTINUED)
211 TeleTech Holdings, Inc. (D)....................... $ 7,972
36 Time Warner Telecom, Inc. Class A (D)............. 746
49 Washington Group International, Inc. (D)(G)....... 3,260
122 Waste Connections, Inc. (D)....................... 3,788
54 WNS Holdings Ltd. ADR (D)......................... 1,445
12 Wright Express Corp. (D).......................... 363
--------
78,172
--------
TECHNOLOGY -- 25.6%
11 A.O. Smith Corp. ................................. 403
246 Activision, Inc. (D).............................. 4,925
21 Acuity Brands, Inc. .............................. 1,247
32 ADTRAN, Inc. ..................................... 814
30 Advanced Energy Industries, Inc. (D).............. 744
116 American Reprographics Co. LLC (D)(G)............. 3,861
3 American Science & Engineering, Inc. (D).......... 141
89 Amkor Technology, Inc. (D)........................ 1,247
31 Ansoft Corp. (D).................................. 1,011
100 Ansys, Inc. (D)(G)................................ 5,121
122 Art Technology Group, Inc. (D).................... 302
14 Atlantic Tele-Network, Inc. ...................... 364
3 Baldor Electric Co. .............................. 115
45 Blackbaud, Inc. .................................. 1,002
8 Bottomline Technologies, Inc. (D)................. 104
140 Brocade Communications Systems, Inc. (D).......... 1,363
61 Bruker BioSciences Corp. (D)...................... 705
46 C-COR.net Corp. (D)............................... 561
14 China Techfaith Wirls Communication Technology ADR
(D)............................................. 114
12 CommScope, Inc. (D)............................... 547
6 Comtech Telecommunications Corp. (D).............. 238
26 CSG Systems International, Inc. (D)............... 691
45 Ctrip.com International Ltd. ..................... 3,172
13 Datascope Corp. .................................. 482
16 DealerTrack Holdings, Inc. (D).................... 525
8 Dionex Corp. (D).................................. 566
82 Dobson Communications Corp. (D)................... 747
5 Eagle Test Systems, Inc. (D)...................... 90
75 Emulex Corp. (D).................................. 1,576
49 Equinix, Inc. (D)(G).............................. 4,069
157 Evergreen Solar, Inc. (G)......................... 1,531
26 FLIR Systems, Inc. (D)............................ 1,057
15 FormFactor, Inc. (D).............................. 615
159 Fossil, Inc. (D)(G)............................... 4,483
44 General Communication, Inc. Class A (D)........... 625
4 Genlyte Group (D)................................. 323
106 Hologic, Inc. (D)................................. 6,121
95 IHS, Inc. (D)(G).................................. 3,933
52 Informatica Corp. (D)............................. 761
19 infoUSA, Inc. .................................... 182
4 Innovative Solutions & Support, Inc. (D).......... 112
106 Interactive Data Corp. ........................... 3,049
46 Internap Network Services Corp. (D)............... 710
52 Interwoven, Inc. (D).............................. 786
61 j2 Global Communications, Inc. (D)................ 1,759
93 Kenexa Corp. (D)(G)............................... 2,891
</Table>
The accompanying notes are an integral part of these financial statements.
222
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
TECHNOLOGY -- (CONTINUED)
70 Leap Wireless International, Inc. (D)(G).......... $ 5,342
136 LTX Corp. (D)..................................... 809
7 Magma Design Automation, Inc. (D)................. 95
80 Micrel, Inc. (D).................................. 1,005
14 MicroStrategy, Inc. (D)........................... 1,598
58 Ness Technologies, Inc. (D)....................... 768
26 Neustar, Inc. (D)................................. 756
69 Nuance Communications, Inc. (D)................... 1,069
198 O2Micro International Ltd. ADR (D)................ 2,047
156 ON Semiconductor Corp. (D)........................ 1,671
13 PAETEC Holding Corp. (D).......................... 138
29 Palomar Medical Technologies, Inc. (D)............ 1,187
20 Phase Forward, Inc. (D)........................... 316
63 Photon Dynamics, Inc. (D)......................... 758
19 Polycom, Inc. (D)................................. 643
107 QLogic Corp. (D).................................. 1,917
212 RealNetworks, Inc. (D)............................ 1,599
173 Red Hat, Inc. (D)(G).............................. 3,656
108 RF Micro Devices, Inc. (D)........................ 675
12 SAVVIS, Inc. (D).................................. 624
188 Silicon Storage Technology, Inc. (D).............. 774
93 SiRF Technology Holdings, Inc. (D)(G)............. 2,251
45 Sirona Dental Systems, Inc. (G)................... 1,477
376 Sonus Networks, Inc. (D)(G)....................... 2,903
17 SRA International, Inc. (D)....................... 418
19 Supertex, Inc. (D)................................ 631
48 Sybase, Inc. (D).................................. 1,159
81 Syniverse Holdings, Inc. (D)...................... 835
27 Techwell, Inc. (D)................................ 380
83 Teledyne Technologies, Inc. (D)(G)................ 3,656
-- The Knot, Inc. (D)................................ 10
87 THQ, Inc. (D)(G).................................. 2,895
153 Tibco Software, Inc. (D).......................... 1,398
40 Transaction Systems Architects, Inc. (D)(G)....... 1,275
50 Trident Microsystems, Inc. (D).................... 1,068
82 Trizetto Group, Inc. (D).......................... 1,595
7 United Industrial Corp. .......................... 326
2 Universal Electronics, Inc. (D)................... 43
122 VA Software Corp. (D)............................. 443
27 Valueclick, Inc. (D).............................. 769
12 Varian, Inc. (D).................................. 700
179 VeriFone Holdings, Inc. (D)(G).................... 6,315
73 Verint Systems, Inc. (D).......................... 2,100
31 Vignette Corp. (D)................................ 580
6 Vital Images, Inc. (D)............................ 184
57 Websense, Inc. (D)................................ 1,401
103 Wind River Systems, Inc. (D)...................... 1,009
44 Zoran Corp. (D)................................... 878
--------
129,931
--------
TRANSPORTATION -- 2.2%
3,002 Air Asia BHD (D)(A)............................... 1,695
98 American Commercial Lines, Inc. (D)............... 2,881
3 Atlas Air Worldwide Holdings, Inc. (D)............ 169
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
TRANSPORTATION -- (CONTINUED)
112 ExpressJet Holdings, Inc. (D)..................... $ 666
35 Horizon Lines, Inc. Class A....................... 1,178
18 Hornbeck Offshore Services, Inc. (D).............. 566
81 Landstar System, Inc. (G)......................... 3,906
5 Winnebago Industries, Inc. ....................... 144
--------
11,205
--------
UTILITIES -- 0.8%
46 Suntech Power Holdings Co., Ltd. ADR (D)(G)....... 1,665
72 Theolia S.A. (D)(A)............................... 2,652
--------
4,317
--------
Total common stock
(cost $444,390)................................. $489,610
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 17.8%
REPURCHASE AGREEMENTS -- 2.8%
$ 3,686 Banc of America TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 3,686
1,365 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 1,365
890 BNP Paribas Securities Corp. Repurchase Agreement,
5.10%, 05/01/2007............................... 890
43 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 43
1,829 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 1,829
1,054 RBS Greenwich Capital Markets,
5.10%, 05/01/2007............................... 1,054
4,178 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 4,178
1,068 UBS Securities, Inc. Repurchase Agreement,
5.10%, 05/01/2007............................... 1,068
--------
14,113
--------
<Caption>
SHARES
- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 15.0%
CASH COLLATERAL REINVESTMENT FUND:
76,477 Mellon GSL DBTII Collateral Fund.................. 76,473
--------
Total short-term investments
(cost $90,586).................................. $ 90,586
--------
Total investments in securities
(cost $534,976) (C)............................. $580,196
========
</Table>
The accompanying notes are an integral part of these financial statements.
223
THE HARTFORD SMALL COMPANY FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 7.05% of total net assets at April 30, 2007.
(A)The aggregate value of securities valued in good faith at fair value
by, or under the direction of, the Funds' Board of Directors at April 30,
2007, was $20,055, which represents 3.94% of total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $536,722 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................ $ 54,485
Unrealized depreciation........................ (11,011)
--------
Net unrealized appreciation.................... $ 43,474
========
</Table>
(D)Currently non-income producing.
(G) Security is partially on loan at April 30, 2007.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
FORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
MARKET CONTRACT DELIVERY APPRECIATION
DESCRIPTION TRANSACTION VALUE AMOUNT DATE (DEPRECIATION)
- ----------- ----------- ------ -------- ---------- --------------
Australian Dollar Buy $128 $128 05/02/2007 $--
Australian Dollar Buy 658 659 05/03/2007 (1)
Australian Dollar Buy 175 174 05/03/2007 1
British Pound Sell 355 354 05/02/2007 (1)
Mexican Peso Sell 428 428 05/02/2007 --
---
$(1)
===
</Table>
The accompanying notes are an integral part of these financial statements.
224
THE HARTFORD SMALLCAP GROWTH FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 98.1%
BASIC MATERIALS -- 6.4%
18 AK Steel Holding Corp. (D)........................ $ 536
10 Alpha Natural Resources, Inc. (D)................. 179
16 Aventine Renewable Energy Holdings, Inc. (D)(G)... 300
9 Cabot Microelectronics Corp. (D).................. 303
19 Carpenter Technology Corp. ....................... 2,282
30 Century Aluminum Co. (D)(G)....................... 1,415
7 Cenveo, Inc. (D).................................. 185
44 Ceradyne, Inc. (D)(G)............................. 2,601
38 Champion Enterprises, Inc. (D)(G)................. 386
56 Chaparral Steel Co. (G)........................... 3,967
101 Cleveland-Cliffs, Inc. (G)........................ 7,021
13 Georgia Gulf Corp. (G)............................ 207
8 Grace (W.R.) & Co. (D)............................ 205
24 Hercules, Inc. (D)................................ 445
11 Insteel Industries, Inc. ......................... 184
5 Kaydon Corp. ..................................... 252
5 NCI Building Systems, Inc. (D).................... 260
5 Neenah Paper, Inc. ............................... 185
9 Pioneer Co. (D)................................... 255
14 Playtex Products, Inc. (D)(G)..................... 212
9 Quanex Corp. ..................................... 385
2 RTI International Metals, Inc. (D)................ 223
77 Select Comfort Corp. (D)(G)....................... 1,434
77 Sun Hydraulics Corp. ............................. 2,401
117 Tempur-Pedic International, Inc. (G).............. 3,033
55 Timken Co. ....................................... 1,824
8 Tupperware Brands Corp. .......................... 231
--------
30,911
--------
CAPITAL GOODS -- 6.1%
8 ACCO Brands Corp. (D)............................. 183
26 Armor Holdings, Inc. (D)(G)....................... 1,852
9 Clarcor, Inc. .................................... 278
10 Daktronics, Inc. (G).............................. 236
79 Graco, Inc. (G)................................... 3,134
34 II - VI, Inc. (D)................................. 911
38 Intevac, Inc. (D)................................. 916
17 Leapfrog Enterprises, Inc. (D).................... 189
48 Lennox International, Inc. ....................... 1,613
23 Lufkin Industries, Inc. .......................... 1,413
12 Marvel Entertainment, Inc. (D).................... 355
49 MKS Instruments, Inc. (D)......................... 1,321
43 Nordson Corp. (G)................................. 1,971
8 Oil States International, Inc. (D)................ 280
17 Orbital Sciences Corp. (D)........................ 347
7 SauerDanfoss, Inc. ............................... 200
97 Steelcase, Inc. .................................. 1,888
87 Tennant Co. ...................................... 2,783
12 Tessera Technologies, Inc. (D).................... 530
33 Toro Co. (G)...................................... 1,653
113 Varian Semiconductor Equipment Associates, Inc.
(D)(G).......................................... 7,485
--------
29,538
--------
CONSUMER CYCLICAL -- 12.7%
58 Aeropostale, Inc. (D)............................. 2,368
8 Albany International Corp. Class A (G)............ 320
90 American Woodmark Corp. (G)....................... 3,100
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
CONSUMER CYCLICAL -- (CONTINUED)
3 AMREP Corp. (G)................................... $ 174
89 AnnTaylor Stores Corp. (D)(G)..................... 3,413
69 Applied Industrial Technologies, Inc. ............ 1,862
417 Arris Group, Inc. (D)............................. 6,183
53 Bon-Ton Stores, Inc. (G).......................... 2,628
8 Brown Shoe Co., Inc. ............................. 228
43 Charlotte Russe Holding, Inc. (D)................. 1,187
5 Deckers Outdoor Corp. (D)......................... 379
62 Dress Barn, Inc. (D).............................. 1,238
146 DSW, Inc. (D)(G).................................. 5,655
62 First Cash Financial Services, Inc. (D)........... 1,425
4 Granite Construction, Inc. ....................... 265
8 Guess?, Inc. (G).................................. 318
10 Gymboree Corp. (D)................................ 394
6 Hibbett Sports Inc. (D)........................... 178
81 Hot Topic, Inc. (D)............................... 909
12 Iconix Brand Group, Inc. (D)(G)................... 240
101 J. Crew Group, Inc. (D)........................... 4,085
7 K-Swiss, Inc. .................................... 188
50 Maidenform Brands, Inc. (D)....................... 1,009
24 McGrath RentCorp.................................. 715
8 Men's Wearhouse, Inc. (G)......................... 366
100 New York & Co., Inc. (D).......................... 1,401
75 Noble International Ltd. (G)...................... 1,215
21 P. F. Chang's China Bistro, Inc. (D)(G)........... 819
9 Payless ShoeSource, Inc. (D)...................... 281
62 Phillips-Van Heusen Corp. ........................ 3,450
26 PSS World Medical, Inc. (D)....................... 513
90 Quicksilver, Inc. (D)............................. 1,197
43 RARE Hospitality International, Inc. (D)(G)....... 1,241
50 Sigma Designs, Inc. (D)(G)........................ 1,169
189 Skechers U.S.A., Inc. Class A (D)................. 5,927
7 Sotheby's......................................... 374
90 Source Information Management Co. (D)(G).......... 585
82 Talbots, Inc. (G)................................. 1,915
8 The Buckle, Inc. ................................. 274
184 True Religion Apparel, Inc. (D)(G)................ 2,748
--------
61,936
--------
CONSUMER STAPLES -- 0.7%
5 Chattem, Inc. (D)(G).............................. 277
7 Lancaster Colony Corp. ........................... 309
4 Ralcorp Holdings, Inc. (D)........................ 273
231 Sally Beauty Co., Inc. (D)........................ 2,264
11 Vector Group Ltd. (G)............................. 208
--------
3,331
--------
ENERGY -- 4.7%
8 Alon USA Energy, Inc. ............................ 288
5 ATP Oil & Gas Corp. (D)........................... 204
7 Berry Petroleum Co. .............................. 251
168 Cabot Oil & Gas Corp. (G)......................... 6,113
12 Comstock Resources, Inc. (D)...................... 328
8 Crosstex Energy, Inc. (G)......................... 236
111 Delek U.S. Holdings, Inc. ........................ 2,113
29 Frontier Oil Corp. (G)............................ 1,018
1 Giant Industries, Inc. (D)........................ 67
313 Grey Wolf, Inc. (D)............................... 2,244
12 Headwaters, Inc. (D).............................. 267
</Table>
The accompanying notes are an integral part of these financial statements.
225
THE HARTFORD SMALLCAP GROWTH FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
ENERGY -- (CONTINUED)
41 Hercules Offshore, Inc. (D)(G).................... $ 1,279
11 Mariner Energy, Inc. (D).......................... 254
3 Penn Virginia Corp. .............................. 273
22 Petrohawk Energy Corp. (D)........................ 321
6 Petroleum Development Corp. (D)................... 296
177 Pioneer Drilling Co. (D)(G)....................... 2,429
44 St. Mary Land & Exploration Co. .................. 1,619
28 Swift Energy Co. (D).............................. 1,154
47 Trico Marine Services, Inc. (D)(G)................ 1,819
32 Vaalco Energy, Inc. (D)........................... 174
5 W-H Energy Services (D)........................... 264
--------
23,011
--------
FINANCE -- 8.3%
71 Advanta Corp. Class B............................. 3,251
20 Allied World Assurance Holdings Ltd. ............. 895
26 Amerigroup Corp. (D).............................. 721
124 Amerisafe, Inc. (D)............................... 2,486
62 Arch Capital Group Ltd. (D)....................... 4,493
121 Aspen Insurance Holdings Ltd. .................... 3,210
15 Centene Corp. (D)................................. 308
18 City Holding Co. ................................. 676
12 Cousins Properties, Inc. (G)...................... 407
33 Dollar Financial Corp. (D)........................ 950
4 EastGroup Properties, Inc. ....................... 205
29 eHealth, Inc. (D)(G).............................. 645
158 Encore Capital Group, Inc. (D).................... 1,885
25 Ezcorp, Inc. (D)(G)............................... 378
43 First Community Bancorp, Inc. .................... 2,359
5 Greenhill & Co., Inc. (G)......................... 307
13 HealthExtras, Inc. (D)............................ 396
175 Impac Mortgage Holdings, Inc. (G)................. 971
43 IndyMac Bancorp, Inc. (G)......................... 1,291
12 Inland Real Estate Corp. ......................... 218
4 International Securities Exchange Holdings,
Inc. ........................................... 283
35 Maguire Properties, Inc. (G)...................... 1,254
13 Molina Healthcare, Inc. (D)....................... 406
52 National Financial Partners Corp. ................ 2,400
121 Net 1 UEPS Technologies, Inc. (D)................. 3,049
16 Omega Healthcare Investors........................ 261
10 optionsXpress Holdings, Inc. ..................... 245
3 PS Business Parks, Inc. (G)....................... 216
36 Strategic Hotels & Resorts, Inc. ................. 784
23 Sunstone Hotel Investors, Inc. ................... 642
90 UTStarcom, Inc. (D)(G)............................ 643
67 Waddell and Reed Financial, Inc. Class A.......... 1,625
31 Wellcare Health Plans, Inc. (D)(G)................ 2,531
--------
40,391
--------
HEALTH CARE -- 17.4%
135 Acadia Pharmaceuticals, Inc. (D)(G)............... 1,843
8 Adams Respiratory Therapeutics, Inc. (D).......... 315
10 Affymetrix, Inc. (D).............................. 260
284 Alkermes, Inc. (D)(G)............................. 4,660
11 Alpharma, Inc. Class A (G)........................ 270
107 American Oriental Bioengineering, Inc. (D)(G)..... 1,064
8 AmSurg Corp. (D).................................. 188
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
HEALTH CARE -- (CONTINUED)
58 Amylin Pharmaceuticals, Inc. (D)(G)............... $ 2,397
219 Applera Corp. -- Celera Group (D)................. 3,062
22 Apria Healthcare Group, Inc. (D).................. 682
147 Ciphergen Biosystems, Inc. (D)(G)................. 212
45 CONMED Corp. (D).................................. 1,349
9 Cubist Pharmaceuticals, Inc. (D).................. 182
360 CV Therapeutics, Inc. (D)(G)...................... 3,034
120 Cytokinetics, Inc. (D)(G)......................... 795
4 Digene Corp. (D).................................. 194
292 Encysive Pharmaceuticals, Inc. (D)(G)............. 971
203 Exelixis, Inc. (D)(G)............................. 2,176
7 Haemonetics Corp. (D)............................. 335
8 Healthways, Inc. (D)(G)........................... 325
115 Human Genome Sciences, Inc. (D)(G)................ 1,235
68 Immucor, Inc. (D)(G).............................. 2,223
141 Incyte Corp. (D)(G)............................... 1,087
12 InterMune, Inc. (D)(G)............................ 356
67 Isis Pharmaceuticals, Inc. (D)(G)................. 688
6 Kyphon, Inc. (D).................................. 302
9 LCA-Vision, Inc. (G).............................. 357
9 Lifecell Corp. (D)(G)............................. 264
214 LifePoint Hospitals, Inc. (D)(G).................. 7,799
56 Longs Drug Stores Corp. (G)....................... 3,076
46 Magellan Health Services, Inc. (D)................ 1,954
115 Mannatech, Inc. (G)............................... 1,770
14 Medicines Co. (D)(G).............................. 325
14 Medicis Pharmaceutical Corp. Class A.............. 412
97 Mentor Corp. ..................................... 3,786
8 Meridian Bioscience, Inc. ........................ 252
11 MGI Pharma, Inc. (D).............................. 233
10 NBTY, Inc. (D).................................... 497
16 Nektar Therapeutics (D)(G)........................ 202
664 NPS Pharmaceuticals, Inc. (D)..................... 2,644
79 Onyx Pharmaceuticals, Inc. (D)(G)................. 2,117
10 OSI Pharmaceuticals, Inc. (D)..................... 357
8 Par Pharmaceutical Cos., Inc. (D)................. 221
7 PAREXEL International Corp. (D)................... 266
232 Perrigo Co. (G)................................... 4,403
42 PharmaNet Development Group, Inc. (D)............. 1,152
88 Pharmion Corp. (D)................................ 2,670
36 Progenics Pharmaceuticals, Inc. (D)............... 871
5 Psychiatric Solutions, Inc. (D)................... 165
222 Regeneron Pharmaceuticals, Inc. (D)............... 6,025
228 Rigel Pharmaceuticals, Inc. (D)................... 2,419
70 Salix Pharmaceuticals Ltd. (D)(G)................. 915
10 Sciele Pharma, Inc. (D)........................... 259
132 STERIS Corp. ..................................... 3,379
8 SurModics, Inc. (D)(G)............................ 306
6 United Therapeutics Corp. (D)..................... 344
6 Usana Health Sciences, Inc. (D)(G)................ 235
13 Valeant Pharmaceuticals International............. 225
26 ViroPharma, Inc. (D)(G)........................... 398
8 West Pharmaceutical Services...................... 376
7 Wright Medical Group, Inc. (D)(G)................. 172
85 Zoll Medical Corp. (D)............................ 2,045
101 Zymogenetics, Inc. (D)(G)......................... 1,512
--------
84,608
--------
</Table>
The accompanying notes are an integral part of these financial statements.
226
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
SERVICES -- 13.5%
20 Advisory Board Co. (D)(G)......................... $ 945
8 Allscripts Healthcare Solutions, Inc. (D)(G)...... 208
4 Anixter International, Inc. (D)(G)................ 283
8 Atheros Communications, Inc. (D).................. 220
202 BISYS Group, Inc. (D)(G).......................... 2,342
6 CACI International, Inc. Class A (D).............. 261
30 Central European Media Enterprises Ltd. (D)....... 2,713
50 Cerner Corp. (D).................................. 2,662
22 Cogent, Inc. (D).................................. 313
43 Comsys IT Partners, Inc. (D)...................... 974
9 Corvel (D)(G)..................................... 258
8 DeVry, Inc. ...................................... 254
19 Diamond Management & Technology................... 211
11 Digital River, Inc. (D)........................... 618
54 Factset Research Systems, Inc. ................... 3,322
30 Foundry Networks, Inc. (D)........................ 457
10 Gartner, Inc. Class A (D)......................... 262
7 Geo Group, Inc. (D)............................... 342
41 Gevity HR, Inc. (G)............................... 763
217 Global Imaging Systems, Inc. (D)(G)............... 6,278
86 Healthspring, Inc. (D)(G)......................... 2,025
42 Heidrick & Struggles International, Inc. (D)...... 1,999
123 Hub Group, Inc. (D)............................... 4,428
66 Imergent, Inc. (G)................................ 1,690
33 inVentiv Health, Inc. (D)......................... 1,268
21 INVESTools, Inc. (D)(G)........................... 288
75 ITT Educational Services, Inc. (D)................ 7,330
84 Jack Henry & Associates, Inc. (G)................. 1,997
12 Korn/Ferry International (D)...................... 276
74 Live Nation, Inc. (D)(G).......................... 1,508
6 Lodgenet Entertainment Corp. (D).................. 206
16 Macrovision Corp. (D)............................. 388
15 Manhattan Associates, Inc. (D).................... 420
6 Mantech International Corp. Class A (D)........... 178
68 Martha Stewart Living Omnimedia, Inc. (G)......... 1,298
5 Micros Systems (D)................................ 284
76 Parametric Technology Corp. (D)(G)................ 1,349
111 Perot Systems Corp. Class A (D)(G)................ 1,983
4 Pre-Paid Legal Services, Inc. (D)(G).............. 217
83 Priceline.com, Inc. (D)(G)........................ 4,641
9 Quality Systems (G)............................... 375
54 Resources Connection, Inc. (D)(G)................. 1,617
25 Sinclair Broadcast Group, Inc. Class A............ 412
8 TeleTech Holdings, Inc. (D)....................... 298
13 Time Warner Telecom, Inc. Class A (D)............. 265
85 Watson Wyatt Worldwide, Inc. ..................... 3,997
43 Wright Express Corp. (D).......................... 1,345
--------
65,768
--------
TECHNOLOGY -- 24.4%
5 A.O. Smith Corp. ................................. 194
142 Acuity Brands, Inc. .............................. 8,376
60 Acxiom Corp. ..................................... 1,345
14 ADTRAN, Inc. (G).................................. 346
280 Advanced Energy Industries, Inc. (D)(G)........... 6,870
194 Amkor Technology, Inc. (D)........................ 2,709
7 Ansoft Corp. (D).................................. 236
45 Ansys, Inc. (D)(G)................................ 2,292
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
TECHNOLOGY -- (CONTINUED)
11 Authorize.Net Holdings, Inc. (D).................. $ 196
5 Baldor Electric Co. .............................. 197
42 Benchmark Electronics, Inc. (D)................... 887
4 Biosite Diagnostics, Inc. (D)..................... 401
102 Blackbaud, Inc. .................................. 2,248
427 Brocade Communications Systems, Inc. (D)(G)....... 4,175
22 Bruker BioSciences Corp. (D)...................... 247
18 C-COR.net Corp. (D)............................... 217
143 Cirrus Logic, Inc. (D)............................ 1,180
5 CommScope, Inc. (D)............................... 238
38 Comtech Telecommunications Corp. (D).............. 1,442
108 CSG Systems International, Inc. (D)(G)............ 2,897
6 DealerTrack Holdings, Inc. (D).................... 205
3 Dionex Corp. (D)(G)............................... 213
34 Dobson Communications Corp. (D)................... 305
183 Eagle Test Systems, Inc. (D)...................... 3,157
101 eFunds Corp. (D)(G)............................... 2,815
350 Emulex Corp. (D)(G)............................... 7,337
11 FLIR Systems, Inc. (D)(G)......................... 440
6 FormFactor, Inc. (D).............................. 239
5 General Cable Corp. (D)........................... 300
100 Golden Telecom, Inc. (G).......................... 5,849
10 Hologic, Inc. (D)................................. 548
8 IHS, Inc. (D)..................................... 341
21 Informatica Corp. (D)............................. 316
8 Innovative Solutions & Support, Inc. (D).......... 209
18 Internap Network Services Corp. (D)............... 280
21 Interwoven, Inc. (D).............................. 315
134 j2 Global Communications, Inc. (D)................ 3,857
92 Komag, Inc. (D)(G)................................ 2,531
66 Lamson & Sessions Co. (D)......................... 1,679
49 LTX Corp. (D)..................................... 293
202 Micrel, Inc. (D).................................. 2,538
44 MicroStrategy, Inc. (D)........................... 5,026
10 Middleby Corp. (D)................................ 1,332
46 Neustar, Inc. (D)................................. 1,320
91 Novatel, Inc. (D)................................. 3,194
28 Nuance Communications, Inc. (D)(G)................ 436
185 ON Semiconductor Corp. (D)(G)..................... 1,977
12 Palomar Medical Technologies, Inc. (D)............ 491
81 Polycom, Inc. (D)................................. 2,711
77 RealNetworks, Inc. (D)(G)......................... 584
47 Regal-Beloit Corp. (G)............................ 2,181
49 RF Micro Devices, Inc. (D)(G)..................... 304
5 SAVVIS, Inc. (D).................................. 266
124 Silicon Image, Inc. (D)(G)........................ 1,089
60 Silicon Storage Technology, Inc. (D).............. 245
12 SiRF Technology Holdings, Inc. (D)................ 294
366 Skyworks Solutions, Inc. (D)(G)................... 2,522
73 Smart Modular Technologies, Inc. (D).............. 964
10 Smith Micro Software, Inc. (D).................... 157
34 Sonus Networks, Inc. (D).......................... 260
149 Spectrum Brands, Inc. (D)(G)...................... 1,036
8 SRA International, Inc. (D)....................... 191
9 Supertex, Inc. (D)................................ 300
80 Sybase, Inc. (D).................................. 1,946
100 Syntax-Brillian Corp. (D)(G)...................... 713
5 THQ, Inc. (D)..................................... 180
60 Tibco Software, Inc. (D).......................... 549
</Table>
The accompanying notes are an integral part of these financial statements.
227
THE HARTFORD SMALLCAP GROWTH FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
TECHNOLOGY -- (CONTINUED)
58 Travelzoo, Inc. (D)(G)............................ $ 1,607
20 Trident Microsystems, Inc. (D).................... 429
39 Triumph Group, Inc. .............................. 2,353
191 Trizetto Group, Inc. (D).......................... 3,711
46 Ultra Clean Holdings, Inc. (D)(G)................. 669
33 United Industrial Corp. (G)....................... 1,619
164 United Online, Inc. .............................. 2,364
11 Valueclick, Inc. (D).............................. 326
5 Varian, Inc. (D).................................. 294
135 Vishay Intertechnology, Inc. (D).................. 2,241
3 WebEx Communications, Inc. (D).................... 179
23 Websense, Inc. (D)................................ 579
38 Wind River Systems, Inc. (D)...................... 376
32 Zoran Corp. (D)................................... 637
--------
118,112
--------
TRANSPORTATION -- 3.9%
28 Alaska Air Group, Inc. (D)........................ 814
165 American Commercial Lines, Inc. (D)............... 4,852
3 Atlas Air Worldwide Holdings, Inc. (D)............ 190
45 ExpressJet Holdings, Inc. (D)..................... 266
60 Freighter America, Inc. .......................... 2,991
70 General Maritime Corp. ........................... 2,247
13 Horizon Lines, Inc. Class A....................... 457
7 Hornbeck Offshore Services, Inc. (D).............. 218
243 Knight Transportation, Inc. (G)................... 4,732
25 Thor Industries, Inc. ............................ 988
60 Werner Enterprises, Inc. (G)...................... 1,129
5 Winnebago Industries, Inc. ....................... 173
--------
19,057
--------
Total common stock
(cost $427,556)................................. $476,663
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 19.7%
REPURCHASE AGREEMENTS -- 2.2%
$ 1,243 Banc of America TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 1,243
460 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 460
2,070 BNP Paribas Securities Corp. Repurchase Agreement,
5.10%, 05/01/2007............................... 2,070
15 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 15
617 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 617
2,452 RBS Greenwich Capital Markets Repurchase
Agreement,
5.10%, 05/01/2007............................... 2,452
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
REPURCHASE AGREEMENTS -- (CONTINUED)
$ 1,409 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... $ 1,409
2,483 UBS Securities, Inc. Repurchase Agreement,
5.10%, 05/01/2007............................... 2,483
--------
10,749
--------
<Caption>
SHARES
- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 17.5%
CASH COLLATERAL REINVESTMENT FUND:
85,144 Mellon GSL DBTII Collateral Fund.................. 84,840
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
U.S. TREASURY BILL -- 0.0%
$ 175 U.S. Treasury Bill,
5.06%, 06/14/2007 (M)(S)........................ 174
--------
Total short-term investments
(cost $95,763).................................. $ 95,763
--------
Total investments in securities
(cost $523,319) (C)............................. $572,426
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 0.66% of total net assets at April 30, 2007.
(C) At April 30, 2007, the cost of securities for federal income tax purposes
was $524,384 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................ $ 69,511
Unrealized depreciation........................ (21,469)
--------
Net unrealized appreciation.................... $ 48,042
========
</Table>
(D) Currently non-income producing.
(G) Security is partially on loan at April 30, 2007.
(M) The interest rate disclosed for these securities represents the effective
yield on the date of acquisition.
(S) Security pledged as initial margin deposit for open futures contracts at
April 30, 2007.
FUTURES CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
NUMBER OF APPRECIATION
DESCRIPTION CONTRACTS* POSITION EXPIRATION (DEPRECIATION)
----------- ---------- -------- ---------- --------------
Russell Mini futures 15 Long June 2007 $(24)
====
</Table>
* The number of contracts does not omit 000's.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
The accompanying notes are an integral part of these financial statements.
228
THE HARTFORD STOCK FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------------------- ----------
COMMON STOCK -- 99.9%
BASIC MATERIALS -- 5.5%
419 Alcoa, Inc. ...................................... $ 14,853
158 Arcelor Mittal (G)................................ 8,456
173 Cameco Corp. ..................................... 8,047
234 Companhia Vale do Rio Doce ADR.................... 9,495
193 Freeport-McMoRan Copper & Gold, Inc. ............. 12,975
185 Newmont Mining Corp. ............................. 7,723
213 SXR Uranium One, Inc. (D)......................... 3,197
----------
64,746
----------
CAPITAL GOODS -- 2.1%
34 American Standard Cos., Inc. ..................... 1,883
181 Caterpillar, Inc. ................................ 13,152
85 Deere & Co. ...................................... 9,266
----------
24,301
----------
CONSUMER CYCLICAL -- 6.7%
185 Best Buy Co., Inc. ............................... 8,640
476 Circuit City Stores, Inc. ........................ 8,306
536 D.R. Horton, Inc. ................................ 11,889
183 Home Depot, Inc. ................................. 6,923
518 Lowe's Cos., Inc. ................................ 15,815
231 Supervalu, Inc. .................................. 10,589
346 Wal-Mart Stores, Inc. ............................ 16,566
----------
78,728
----------
CONSUMER STAPLES -- 7.1%
133 Bunge Ltd. Finance Corp. ......................... 10,099
2 Japan Tobacco, Inc. (A)........................... 9,451
380 Kraft Foods, Inc. ................................ 12,732
330 PepsiCo, Inc. .................................... 21,797
465 Procter & Gamble Co. ............................. 29,923
----------
84,002
----------
ENERGY -- 7.6%
92 CNOOC Ltd. ADR.................................... 7,830
83 ConocoPhillips Holding Co. ....................... 5,777
269 EnCana Corp. ..................................... 14,088
225 Exxon Mobil Corp. ................................ 17,876
427 Halliburton Co. .................................. 13,578
238 OAO Gazprom ADR (K)............................... 9,502
281 Occidental Petroleum Corp. ....................... 14,226
117 XTO Energy, Inc. ................................. 6,360
----------
89,237
----------
FINANCE -- 23.3%
1,043 Akbank T.A.S (A)(G)............................... 7,503
443 American International Group, Inc. ............... 30,974
1,021 Amvescap plc (A).................................. 11,977
516 Bank of America Corp. ............................ 26,244
213 Bank of New York Co., Inc. ....................... 8,606
360 Capital One Financial Corp. ...................... 26,749
534 Citigroup, Inc. .................................. 28,644
159 Commerce Bancorp, Inc. ........................... 5,300
385 Countrywide Financial Corp. ...................... 14,287
460 E*Trade Financial Corp. (D)....................... 10,150
81 Goldman Sachs Group, Inc. ........................ 17,707
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------------------- ----------
FINANCE -- (CONTINUED)
251 ING Groep N.V.-Sponsored ADR (G).................. $ 11,466
1 Mitsubishi UFJ Financial Group, Inc. (A).......... 5,794
245 State Street Corp. ............................... 16,839
293 UBS AG............................................ 18,987
349 UnitedHealth Group, Inc. ......................... 18,529
687 Western Union Co. ................................ 14,470
----------
274,226
----------
HEALTH CARE -- 10.6%
193 Abbott Laboratories............................... 10,922
102 AstraZeneca plc (A)............................... 5,556
700 Boston Scientific Corp. (D)....................... 10,805
384 Bristol-Myers Squibb Co. ......................... 11,082
905 Elan Corp. plc ADR (D)(G)......................... 12,554
399 Eli Lilly & Co. .................................. 23,575
95 Merck & Co., Inc. ................................ 4,887
388 Sanofi-Aventis S.A. ADR (G)....................... 17,803
447 Schering-Plough Corp. ............................ 14,196
380 Shionogi & Co., Ltd. (A)(G)....................... 7,405
116 Wyeth............................................. 6,421
----------
125,206
----------
SERVICES -- 8.1%
246 Accenture Ltd. Class A............................ 9,634
297 KBR, Inc. (D)..................................... 6,140
114 Monster Worldwide, Inc. (D)....................... 4,794
838 Time Warner, Inc. ................................ 17,280
356 United Parcel Service, Inc. Class B............... 25,094
251 Viacom, Inc. Class B (D).......................... 10,364
305 Waste Management, Inc. ........................... 11,414
881 XM Satellite Radio Holdings, Inc. Class A
(D)(G).......................................... 10,304
----------
95,024
----------
TECHNOLOGY -- 28.3%
180 Activision, Inc. (D)(G)........................... 3,594
200 Apple, Inc. (D)................................... 19,990
729 AT&T, Inc. ....................................... 28,225
1,062 Cisco Systems, Inc. (D)........................... 28,395
533 Corning, Inc. (D)................................. 12,650
1,066 EMC Corp. (D)..................................... 16,177
713 Flextronics International Ltd. (D)(G)............. 7,952
1,597 General Electric Co. ............................. 58,880
44 Google, Inc. (D).................................. 20,552
365 Maxim Integrated Products, Inc. .................. 11,571
424 Medtronic, Inc. .................................. 22,437
82 NII Holdings, Inc. Class B (D).................... 6,286
738 Oracle Corp. (D).................................. 13,871
67 Research In Motion Ltd. (D)....................... 8,750
9 Samsung Electronics Co., Ltd. (A)................. 5,762
233 Sharp Corp. (A)................................... 4,276
1,059 Sprint Nextel Corp. .............................. 21,204
457 Texas Instruments, Inc. .......................... 15,697
124 Whirlpool Corp. .................................. 13,105
473 Yahoo!, Inc. (D).................................. 13,266
----------
332,640
----------
</Table>
The accompanying notes are an integral part of these financial statements.
229
THE HARTFORD STOCK FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------------------- ----------
COMMON STOCK -- (CONTINUED)
UTILITIES -- 0.6%
46 E.On AG (A)(G).................................... $ 6,846
----------
Total common stock
(cost $1,084,592)............................... $1,174,956
----------
<Caption>
PRINCIPAL
AMOUNT
- ---------------------
SHORT-TERM INVESTMENTS -- 5.2%
REPURCHASE AGREEMENTS -- 0.2%
$ 1,083 Bank of America Securities TriParty Joint
Repurchase Agreement,
5.24%, 05/01/2007............................... $ 1,083
401 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 401
13 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 13
537 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 537
1,227 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 1,227
----------
3,261
----------
<Caption>
SHARES
- ---------------------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 5.0%
CASH COLLATERAL REINVESTMENT FUND:
58,397 Navigator Prime Portfolio......................... 58,397
----------
Total short-term investments
(cost $61,658).................................. $ 61,658
----------
Total investments in securities
(cost $1,146,250) (C)........................... $1,236,614
==========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 16.55% of total net assets at April 30, 2007.
(A)The aggregate value of securities valued in good faith at fair value
by, or under the direction of, the Funds' Board of Directors at April 30,
2007, was $64,570, which represents 5.49% of total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $1,163,551 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation........................ $107,558
Unrealized depreciation........................ (34,495)
--------
Net unrealized appreciation.................... $ 73,063
========
</Table>
(D)Currently non-income producing.
(G)Security is partially on loan at April 30, 2007.
(K)Securities contain some restrictions as to public resale. These
securities comply with Regulation S, rules governing offers and sales made
outside the United States without registration under the Securities Act of
1933, and are determined to be liquid. At April 30, 2007, the market value
of these securities amounted to $9,502 or 0.81% of total net assets.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
FORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
MARKET CONTRACT DELIVERY APPRECIATION
DESCRIPTION TRANSACTION VALUE AMOUNT DATE (DEPRECIATION)
- ----------- ----------- ------ -------- ---------- --------------
British Pound Buy $3,465 $3,452 05/01/2007 $13
British Pound Buy 1,264 1,262 05/02/2007 2
---
$15
===
</Table>
The accompanying notes are an integral part of these financial statements.
230
THE HARTFORD TARGET RETIREMENT 2010 FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
AFFILIATED INVESTMENT COMPANIES -- 99.1%
EQUITY FUNDS -- 46.8%
23 Hartford Capital Appreciation Fund, Class Y....... $ 973
13 Hartford Disciplined Equity Fund, Class Y......... 193
10 Hartford Equity Income Fund, Class Y.............. 148
22 Hartford Global Leaders Fund, Class Y............. 465
4 Hartford Growth Opportunities Fund, Class Y....... 140
15 Hartford International Opportunities Fund, Class
Y............................................... 273
16 Hartford International Small Company Fund, Class
Y............................................... 275
3 Hartford Select SmallCap Value Fund, Class Y...... 38
10 Hartford Small Company Fund, Class Y.............. 242
59 Hartford Value Fund, Class Y...................... 781
------
Total equity funds
(cost $3,386)................................... $3,528
------
FIXED INCOME FUNDS -- 52.3%
54 Hartford Floating Rate Fund, Class Y.............. $ 547
114 Hartford Income Fund, Class Y..................... 1,183
44 Hartford Inflation Plus Fund, Class Y............. 466
126 Hartford Short Duration Fund, Class Y............. 1,250
46 Hartford Total Return Bond Fund, Class Y.......... 495
------
Total fixed income funds
(cost $3,924)................................... $3,941
------
Total investments in affiliated
investment companies
(cost $7,310) (C)............................... $7,469
======
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $7,310 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation............................ $159
Unrealized depreciation............................ --
----
Net unrealized appreciation........................ $159
====
</Table>
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
231
THE HARTFORD TARGET RETIREMENT 2020 FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- ------ ---------
AFFILIATED INVESTMENT COMPANIES -- 99.4%
EQUITY FUNDS -- 63.4%
44 Hartford Capital Appreciation Fund, Class Y....... $ 1,862
25 Hartford Disciplined Equity Fund, Class Y......... 365
32 Hartford Equity Income Fund, Class Y.............. 472
25 Hartford Global Leaders Fund, Class Y............. 532
13 Hartford Growth Opportunities Fund, Class Y....... 403
30 Hartford International Opportunities Fund, Class
Y............................................... 549
33 Hartford International Small Company Fund, Class
Y............................................... 554
17 Hartford Select SmallCap Value Fund, Class Y...... 205
17 Hartford Small Company Fund, Class Y.............. 407
128 Hartford Value Fund, Class Y...................... 1,698
-------
Total equity funds
(cost $6,758)................................... $ 7,047
-------
FIXED INCOME FUNDS -- 36.0%
57 Hartford Floating Rate Fund, Class Y.............. $ 575
166 Hartford Income Fund, Class Y..................... 1,724
41 Hartford Inflation Plus Fund, Class Y............. 433
73 Hartford Short Duration Fund, Class Y............. 723
51 Hartford Total Return Bond Fund, Class Y.......... 545
-------
Total fixed income funds
(cost $3,984)................................... $ 4,000
-------
Total investments in affiliated investment
companies
(cost $10,742) (C).............................. $11,047
=======
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $10,743 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation............................ $304
Unrealized depreciation............................ --
----
Net unrealized appreciation........................ $304
====
</Table>
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
232
THE HARTFORD TARGET RETIREMENT 2030 FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
AFFILIATED INVESTMENT COMPANIES -- 99.2%
EQUITY FUNDS -- 77.9%
41 Hartford Capital Appreciation Fund, Class Y....... $1,714
44 Hartford Disciplined Equity Fund, Class Y......... 658
26 Hartford Equity Income Fund, Class Y.............. 383
21 Hartford Global Leaders Fund, Class Y............. 444
11 Hartford Growth Opportunities Fund, Class Y....... 347
34 Hartford International Opportunities Fund, Class
Y............................................... 627
37 Hartford International Small Company Fund, Class
Y............................................... 628
15 Hartford Select SmallCap Value Fund, Class Y...... 182
18 Hartford Small Company Fund, Class Y.............. 429
123 Hartford Value Fund, Class Y...................... 1,639
------
Total equity funds
(cost $6,722)................................... $7,051
------
FIXED INCOME FUNDS -- 21.3%
39 Hartford Inflation Plus Fund, Class Y............. $ 412
42 Hartford Short Duration Fund, Class Y............. 417
102 Hartford Total Return Bond Fund, Class Y.......... 1,095
------
Total fixed income funds
(cost $1,915)................................... $1,924
------
Total investments in affiliated investment
companies
(cost $8,637) (C)............................... $8,975
======
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $8,637 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation............................ $338
Unrealized depreciation............................ --
----
Net unrealized appreciation........................ $338
====
</Table>
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
The accompanying notes are an integral part of these financial statements.
233
THE HARTFORD TAX-FREE CALIFORNIA FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
MUNICIPAL BONDS -- 91.2%
GENERAL OBLIGATIONS -- 9.1%
$ 500 Atwater, CA, Public FA Sewer & Water Proj,
5.50%, 05/01/2028............................... $ 511
870 California, GO,
4.75%, 09/01/2028............................... 893
300 California Statewide Community DA,
4.80%, 09/01/2046............................... 297
600 Covina Valley, CA, USD,
4.38%, 08/01/2027............................... 598
400 Grant, CA, Joint USD GO,
4.38%, 08/01/2031............................... 394
250 Puerto Rico Commonwealth, GO,
5.00%, 07/01/2030............................... 261
200 San Diego, CA, Redev Agency Centre City Sub Pkg,
5.25%, 09/01/2026............................... 205
-------
3,159
-------
HEALTH CARE/SERVICES -- 3.5%
200 California ABAG FA for Non-Profit Corp,
San Diego Hospital Assoc,
5.38%, 03/01/2021............................... 209
250 California Health Fac FA, Catholic Healthcare
West,
5.25%, 07/01/2023............................... 264
250 California Pollution Control FA, Pacific Gas &
Electric,
3.50%, 12/01/2023............................... 250
200 California Public Works Board, Dept of Mental
Health Patton,
5.38%, 04/01/2028............................... 211
250 California Statewide Community DA, Health Services
Rev,
6.00%, 10/01/2023............................... 274
-------
1,208
-------
HIGHER EDUCATION (UNIV., DORMS, ETC.) -- 15.5%
180 California Educational Fac Auth, La Verne
University,
5.00%, 06/01/2031............................... 185
200 California Educational Fac Auth Rev,
5.00%, 01/01/2025............................... 206
455 California Educational Fac Auth Rev,
5.00%, 10/01/2025............................... 469
300 California Educational Fac Auth Rev,
5.00%, 12/01/2025............................... 310
630 California Educational Fac Auth Rev,
5.00%, 04/01/2030............................... 653
750 California Educational Fac Auth, University of the
Pacific,
5.00%, 11/01/2036............................... 775
250 California Municipal FA,
4.75%, 04/01/2027............................... 249
175 California Statewide Community DA,
4.88%, 10/01/2035............................... 178
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
HIGHER EDUCATION -- (CONTINUED)
$ 250 California Statewide Community DA, John F Kennedy
University Rev,
6.75%, 10/01/2033............................... $ 273
1,000 California State University Rev,
5.00%, 11/01/2028............................... 1,059
1,895 Chabot-Las Positas, CA, Community College Dist,
5.05%, 08/01/2033 (M)........................... 532
310 Long Beach, CA, Harbor Rev Ref,
5.00%, 05/15/2015............................... 329
110 University Virgin Islands,
5.00%, 12/01/2021............................... 113
-------
5,331
-------
HOUSING (HFA'S, ETC.) -- 3.2%
600 California Housing Fin Agency Rev, Home Mortgage
AMT,
4.80%, 08/01/2037 (Q)........................... 600
500 Monterey County, CA, Certificate of Participation,
4.50%, 08/01/2037............................... 494
-------
1,094
-------
LAND DEVELOPMENT -- 4.5%
100 Capistrano, CA, USD Community Fac Dist Special Tax
90-2 Talega,
5.88%, 09/01/2022............................... 112
200 Elk Grove, CA, Special Tax East Franklin
Community,
5.85%, 08/01/2036............................... 205
250 Oakland, CA, Redev Agency Tax Allocation,
Colliseum Area Redev,
5.25%, 09/01/2033............................... 271
500 Petaluma, CA, Community Development Tax
Allocation,
4.50%, 05/01/2039............................... 495
425 Solano, CA, MBIA,
5.25%, 11/01/2021............................... 460
-------
1,543
-------
MISCELLANEOUS -- 13.2%
500 California Infrastructure & Econ Development, Bay
Area Toll Bridges,
5.00%, 07/01/2022............................... 555
300 Corona, CA, Redev Agency Tax Allocation,
4.50%, 11/01/2032............................... 296
1,000 Golden State Tobacco Securitization Agency,
5.00%, 06/01/2033............................... 996
1,000 Kern County, CA, Tobacco Securitization Agency,
6.00%, 06/01/2029 #............................. 1,067
250 Lathrop, CA, FA Rev Water Supply Proj,
6.00%, 06/01/2035............................... 265
</Table>
The accompanying notes are an integral part of these financial statements.
234
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
MUNICIPAL BONDS -- (CONTINUED)
MISCELLANEOUS -- (CONTINUED)
$1,000 San Francisco, CA, Toll Bridge Rev,
5.00%, 04/01/2031............................... $ 1,058
300 Virgin Islands Public FA Rev,
4.25%, 10/01/2029............................... 295
-------
4,532
-------
POLLUTION CONTROL -- 3.0%
250 Big Bear Municipal Water Dist, Ref Lake
Improvements,
5.00%, 11/01/2024............................... 254
250 California Statewide Community DA,
5.00%, 11/01/2029............................... 250
250 Virgin Island Public FA,
4.70%, 07/01/2022............................... 251
250 Virgin Islands Public FA, Revhovenska Refinery,
6.13%, 07/01/2022............................... 277
-------
1,032
-------
PUBLIC FACILITIES -- 2.2%
250 California Public Works Board, Dept of Corrections
Ref,
5.00%, 12/01/2018............................... 268
300 California Public Works Board, Dept of Health
Services Richmond Lab,
5.00%, 11/01/2030............................... 315
160 California Statewide Community DA,
Var-Kaiser-C,
5.25%, 08/01/2031............................... 169
-------
752
-------
SPECIAL TAX ASSESSMENT -- 9.8%
50 Beaumont, CA, FA Rev,
7.25%, 09/01/2020............................... 57
350 Burbank, CA, FA Rev South San Fernando Redev Proj,
5.50%, 12/01/2023............................... 367
650 Chico, CA, Redev Agency Tax Allocation,
5.00%, 04/01/2027............................... 687
400 Contra Costa County, CA, Pub FA Tax Allocation,
5.63%, 08/01/2033............................... 422
400 Fontana, CA, Redev Agency Tax Allocation Ref,
Jurupa Hills Redev Proj,
5.50%, 10/01/2027............................... 410
400 Huntington Park, CA, Public FA Rev Ref,
5.25%, 09/01/2019............................... 441
150 Lake Elsinore, CA, Special Tax Community Fac
District #2005-6,
5.00%, 09/01/2030............................... 151
300 Oceanside, CA, Community Development,
5.70%, 09/01/2025............................... 319
200 Riverside County, CA, Public FA,
4.50%, 10/01/2037............................... 198
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
SPECIAL TAX ASSESSMENT -- (CONTINUED)
$ 150 San Diego, CA, Redev Agency Tax Allocation, North
Bay Redev Proj,
5.60%, 09/01/2017............................... $ 156
175 San Diego, CA, Redev Agency Tax Allocation, North
Park Redev Proj,
5.30%, 09/01/2016............................... 181
-------
3,389
-------
TAX ALLOCATION -- 20.8%
100 Azusa, CA, Special Tax Community Fac Dist 1
Mountain Cove,
5.75%, 09/01/2021............................... 104
250 Beaumont, CA, FA,
5.05%, 09/01/2037............................... 250
225 Chino, CA, Community Fac Dist Special Tax,
5.00%, 09/01/2036............................... 226
250 Escondido, CA, Community Fac Dist Special Tax,
5.15%, 09/01/2036............................... 252
250 Hemet, CA, USD,
5.13%, 09/01/2036............................... 251
325 Imperial, CA, Special Tax Community Fac,
5.00%, 09/01/2026............................... 324
300 Indio, CA, Community Fac Dist Special Tax,
5.05%, 09/01/2026............................... 302
135 Indio, CA, Public FA Rev Local Agency,
5.00%, 09/02/2014............................... 137
57 Indio, CA, Public Improvement Act Special
Assessment 2002-3 GO,
6.35%, 09/02/2027............................... 59
225 Irvine, CA, Community Fac Dist 2005-2,
5.20%, 09/01/2026............................... 231
100 Jurupa, CA, Community Services Dist 6 Special Tax,
5.88%, 09/01/2032............................... 102
250 Jurupa, CA, Community Services Dist 17 Special
Tax,
5.20%, 09/01/2036............................... 255
250 Lake Elsinore, CA, Special Tax Community Fac Dist
3,
5.15%, 09/01/2025............................... 258
200 Lake Elsinore, CA, Special Tax Community Fac Dist
2005-1A,
5.35%, 09/01/2036............................... 203
100 Lake Elsinore, CA, Special Tax Community Fac Dist
2-A,
5.85%, 09/01/2024............................... 106
150 Lee Lake, CA, Water Dist Community Fac Dist 3
Special Tax Retreat,
5.75%, 09/01/2023............................... 158
295 Manhattan Beach, CA, Improvement Board Special
Tax,
5.00%, 09/02/2026............................... 304
110 Moreno Valley, CA, USD Community Fac Special Tax
2002-1,
5.60%, 09/01/2017............................... 115
</Table>
The accompanying notes are an integral part of these financial statements.
235
THE HARTFORD TAX-FREE CALIFORNIA FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
MUNICIPAL BONDS -- (CONTINUED)
TAX ALLOCATION -- (CONTINUED)
$ 100 Orange County, CA, Community Fac Dist Special Tax
02-1 Ladera Ranch,
5.20%, 08/15/2019............................... $ 103
200 Orange County, CA, Community Fac Dist Special Tax
02-1 Ladera Ranch,
5.40%, 08/15/2022............................... 205
165 Orange County, CA, Special Tax Assessment,
5.05%, 09/02/2033............................... 167
300 Perris, CA, Community Fac Dist Special Tax 2001-1,
5.00%, 09/01/2037............................... 299
100 Perris, CA, Public FA Local Agency Rev,
6.25%, 09/01/2033............................... 109
250 Poway, CA, USD Special Tax Dist 2001-1,
5.13%, 09/01/2026............................... 255
200 Roseville, CA, Special Tax Dist 1 Westpark,
5.25%, 09/01/2025............................... 205
250 Sacramento, CA, North Natomas Community Fac,
5.00%, 09/01/2025............................... 253
300 Sacramento, CA, North Natomas Community Fac,
5.00%, 09/01/2026............................... 306
200 Santa Margarita, CA, Water Dist Special Tax
Community Fac Dist 99-1,
6.00%, 09/01/2030............................... 211
200 Sun Ranch, CA, Municipal Water Dist,
5.00%, 09/01/2036............................... 201
250 Tustin, CA, USD Community Fac Dist Special Tax 97
Jr Lien,
5.60%, 09/01/2029............................... 256
200 Val Verde, CA, USD FA Special Tax Rev Jr Lien,
6.00%, 10/01/2021............................... 209
300 Westside, CA, USD Special Tax 2005-2,
5.00%, 09/01/2036............................... 301
300 William S Hart USD Special Tax,
5.25%, 09/01/2026............................... 307
125 William S Hart USD Special Tax,
5.85%, 09/01/2022............................... 132
-------
7,156
-------
UTILITIES -- COMBINED -- 0.8%
250 California State Water Dept, Res Power Supply Rev,
5.88%, 05/01/2016............................... 278
-------
UTILITIES -- GAS -- 0.9%
300 Chula Vista, CA, IDR Daily San Diego Gas,
5.30%, 07/01/2021............................... 321
-------
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
UTILITIES -- WATER AND SEWER -- 4.7%
$1,000 California Metropolitan Water Dist, Southern CA
Waterworks Rev,
4.38%, 07/01/2037............................... $ 994
375 Stockton, CA, Wastewater Sys Proj MBIA,
5.20%, 09/01/2029............................... 389
240 Truckee-Donner, CA, Public Utilities Dist,
5.00%, 11/15/2031............................... 252
-------
1,635
-------
Total municipal bonds
(cost $30,560).................................. $31,430
-------
SHORT-TERM INVESTMENTS -- 8.0%
FINANCE -- 8.0%
2,771 Dreyfus Basic California Municipal Money Market... 2,771
-------
Total short-term investments
(cost $2,771)................................... $ 2,771
-------
Total investments in securities
(cost $33,331) (C).............................. $34,201
=======
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $33,331 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation............................ $883
Unrealized depreciation............................ (13)
----
Net unrealized appreciation........................ $870
====
</Table>
# This security, or a portion of this security, has been segregated
to cover funding requirements on investment transactions settling in the
future.
(M) The interest rate disclosed for these securities represents the
effective yield on the date of acquisition.
(Q) The cost of securities purchased on a when-issued or delayed
delivery basis at April 30, 2007 was $600.
(W) See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
<Table>
AMT -- Alternative Minimum Tax
DA -- Development Authority
FA -- Finance Authority
GO -- General Obligations
IDR -- Industrial Development Revenue Bond
MBIA -- Municipal Bond Insurance Association
USD -- United School District
</Table>
The accompanying notes are an integral part of these financial statements.
236
THE HARTFORD TAX-FREE MINNESOTA FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------------------- ---------
MUNICIPAL BONDS -- 96.6%
AIRPORT REVENUES -- 4.3%
$ 500 Minneapolis & St Paul, MN, Airport Commission,
5.00%, 01/01/2035............................... $ 523
1,000 Minneapolis & St Paul, MN, Airport Commission FGIC
AMT,
5.63%, 01/01/2018............................... 1,051
-------
1,574
-------
GENERAL OBLIGATIONS -- 14.8%
1,000 Anoka-Hennepin, MN, ISD 11 GO Credit Enhancement
Program,
5.00%, 02/01/2015............................... 1,043
1,300 Becker, MN, ISD 726 GO FSA,
6.00%, 02/01/2017............................... 1,376
500 Brainerd, MN, ISD 181 GO FGIC,
5.38%, 02/01/2016............................... 539
250 Minneapolis, MN, Parking Assessment GO,
5.00%, 12/01/2020............................... 264
785 Mounds View, MN, ISD 621 GO,
5.25%, 02/01/2014............................... 825
1,950 Rosemount, MN, ISD 196 GO MBIA,
5.70%, 04/01/2015 (M)........................... 1,408
-------
5,455
-------
HEALTH CARE/SERVICES -- 26.7%
250 Bemidji, MN, Health Care Fac,
5.00%, 09/01/2021............................... 260
250 Bemidji, MN, Health Care Fac,
5.00%, 09/01/2024............................... 260
175 Canby, MN, Community Hospital Dist 1,
5.00%, 10/01/2018............................... 177
1,130 Duluth, MN, Econ DA Health Care Fac Rev
Benedictine Health Sys St Mary's,
5.50%, 02/15/2023............................... 1,202
350 Inver Grove Heights, MN, Presbyterian Homes Care,
5.50%, 10/01/2033............................... 356
350 Marshall, MN, Avera Marshall Regional Medical
Center, 4.75%, 11/01/2028....................... 354
250 Minneapolis, MN, Health Care Sys AllinaHealth,
6.00%, 11/15/2018............................... 274
1,000 Minnesota Agriculture and Econ Development
Healthcare Fac, Benedictine Health,
5.25%, 02/15/2014............................... 1,048
330 Northfield, MN, Hospital Rev,
5.38%, 11/01/2031............................... 345
1,000 Rochester, MN, Health Care Fac Rev,
5.00%, 11/15/2036............................... 1,034
300 St Louis Park, MN, Roitenberg Family Assisted
Proj, 5.55%, 08/15/2029......................... 309
1,000 St Paul, MN, Housing & Redev Auth Health Care,
5.25%, 05/15/2036............................... 1,035
335 St Paul, MN, Housing & Redev Auth Hospital Rev,
6.00%, 11/15/2025............................... 371
750 Stillwater, MN, Health Sys Obligation Group,
5.00%, 06/01/2035............................... 763
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------------------- ---------
HEALTH CARE/SERVICES -- (CONTINUED)
$ 725 Todd, Morrison, Cass, & Wadena County, MN,
Hospital Lakewood Health Care Fac,
5.25%, 12/01/2026............................... $ 763
1,000 Waconia, MN, Health Care Fac Rev Ridgeview Medical
Center Proj,
6.10%, 01/01/2019............................... 1,062
250 Willmar, MN, Rice Memorial Hospital Proj FSA,
5.00%, 02/01/2025............................... 262
-------
9,875
-------
HIGHER EDUCATION (UNIV., DORMS, ETC.) -- 20.4%
1,000 Golden Valley, MN, Breck School Proj Rev,
5.88%, 10/01/2019............................... 1,051
500 Minnesota Higher Education FA, Augsburg College,
5.00%, 05/01/2020............................... 519
500 Minnesota Higher Education FA, Augsburg College,
5.00%, 05/01/2023............................... 517
350 Minnesota Higher Education FA, College of St
Benedict, 5.25%, 03/01/2024..................... 366
300 Minnesota Higher Education FA, Minneapolis College
of Art and Design,
5.00%, 05/01/2026............................... 310
1,000 Minnesota Higher Education FA, St Olaf,
4.50%, 10/01/2032............................... 984
250 Ramsey, MN, Lease Rev Pact Charter School Proj,
6.50%, 12/01/2022............................... 264
450 St Paul, MN, Housing & Redev Auth Hope Community
Academy Proj,
6.25%, 12/01/2019............................... 475
300 St Paul, MN, Housing & Redev Auth Rev Ref Achieve
Language Academy,
6.75%, 12/01/2022............................... 312
260 St Paul, MN, Housing & Redev Auth Hmong Academy
Proj, 6.00%, 09/01/2036 (H)..................... 262
825 St. Paul, MN, Housing & Redev Auth Lease Rev,
5.00%, 12/01/2036............................... 838
1,000 University of Minnesota,
5.75%, 07/01/2018............................... 1,168
270 University Virgin Islands,
5.13%, 12/01/2022............................... 279
100 University Virgin Islands,
5.25%, 12/01/2023............................... 104
125 University Virgin Islands,
5.25%, 12/01/2024............................... 130
-------
7,579
-------
HOUSING (HFA'S, ETC.) -- 7.9%
500 Golden Valley, MN, Calvary Center Apts Proj,
4.85%, 12/20/2041............................... 500
500 Hastings, MN, Housing Rev,
5.25%, 11/01/2031............................... 503
400 Minneapolis, MN, Housing Rev,
5.00%, 10/01/2037............................... 399
770 Minnesota Residential Housing FA,
5.00%, 01/01/2020............................... 784
</Table>
The accompanying notes are an integral part of these financial statements.
237
THE HARTFORD TAX-FREE MINNESOTA FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------------------- ---------
MUNICIPAL BONDS -- (CONTINUED)
HOUSING -- (CONTINUED)
$ 350 Prior Lake, MN, Shepherds Path Sr Housing,
5.75%, 08/01/2041............................... $ 357
400 Stillwater, MN, Multifamily Housing Rev,
5.38%, 02/01/2032............................... 400
-------
2,943
-------
MISCELLANEOUS -- 1.4%
500 Woodbury, MN Economic Dev Auth, Summerhouse Proj,
5.75%, 06/01/2041............................... 513
-------
POLLUTION CONTROL -- 3.6%
500 Cohasset, MN, Pollution Control Rev Ref Coll
Allete Inc Proj,
4.95%, 07/01/2022............................... 512
750 Virgin Islands Public FA, Revhovenska Refinery,
6.13%, 07/01/2022............................... 832
-------
1,344
-------
PUBLIC FACILITIES -- 6.2%
350 Minnesota Intermediate School Dist Lease Rev,
5.30%, 11/01/2032............................... 357
1,000 Puerto Rico Commonwealth Public Fin Corp
Appropriation,
5.75%, 08/01/2027............................... 1,069
360 Renville County, MN, Housing & Redev Auth, Health
& Human Services,
4.60%, 02/01/2027............................... 363
500 St Paul, MN, PA Lease Rev,
5.00%, 12/01/2019............................... 523
-------
2,312
-------
SPECIAL TAX ASSESSMENT -- 3.3%
350 Minneapolis, MN, Tax Increment Grant Park Proj,
5.35%, 02/01/2030............................... 354
835 Minnesota Agricultural Society, State Fair Rev,
5.13%, 09/15/2023............................... 869
-------
1,223
-------
UTILITIES -- COMBINED -- 0.8%
300 Princeton, MN, Public Utility Sys Rev,
5.00%, 04/01/2024............................... 308
-------
UTILITIES -- ELECTRIC -- 4.2%
500 Chaska, MN, Electric Rev,
5.00%, 10/01/2030............................... 521
500 Minnesota Power Agency, Electric Rev,
5.25%, 10/01/2019............................... 538
500 Northern MN Municipal Power Agency, Electric Sys
Rev FSA,
5.30%, 01/01/2021............................... 515
-------
1,574
-------
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------------------- ---------
UTILITIES -- WATER AND SEWER -- 3.0%
$1,000 Puerto Rico Commonwealth Aqueduct & Sewer Auth
Rev,
6.25%, 07/01/2013............................... $ 1,121
-------
Total municipal bonds
(cost $34,572).................................. $35,821
-------
SHORT-TERM INVESTMENTS -- 2.0%
FINANCE -- 2.0%
739 State Street Bank Tax Free Money.................. $ 739
-------
Total short-term investments
(cost $739)..................................... $ 739
-------
Total investments in securities
(cost $35,311) (C).............................. $36,560
=======
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $35,312 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation.......................... $1,282
Unrealized depreciation.......................... (34)
------
Net unrealized appreciation...................... $1,248
======
</Table>
(H)The following securities are considered illiquid. Illiquid securities
are often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD
ACQUIRED SHARES/PAR SECURITY COST BASIS
-------- ---------- -------- ----------
9/2006 260 St Paul, MN, Housing & Redev Auth
Lease Hmong Academy Proj,
6.00%, 09/01/2036 $262
</Table>
The aggregate value of these securities at April 30, 2007 was $262, which
represents 0.71% of total net assets.
(M) The interest rate disclosed for these securities represents the
effective yield on the date of acquisition.
(W) See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
<Table>
AMT -- Alternative Minimum Tax
DA -- Development Authority
FA -- Finance Authority
FGIC -- Financial Guaranty Insurance Company
FSA -- Financial Security Assurance
GO -- General Obligations
ISD -- Independent School District
MBIA -- Municipal Bond Insurance Association
PA -- Port Authority
</Table>
The accompanying notes are an integral part of these financial statements.
238
THE HARTFORD TAX-FREE NATIONAL FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
MUNICIPAL BONDS -- 94.9%
ALABAMA -- 1.2%
$1,855 Huntsville, AL, GO,
5.25%, 05/01/2022............................... $ 2,002
--------
ALASKA -- 1.2%
1,000 Alaska Housing Finance Corp Home Mortgage,
4.70%, 06/01/2027............................... 1,005
1,000 Anchorage, AK, Anchorage Convention Center,
5.00%, 09/01/2034............................... 1,053
--------
2,058
--------
ARIZONA -- 3.4%
560 Arizona Sundance Community Fac Dist,
5.13%, 07/15/2030............................... 584
409 Arizona Sundance Community Fac Dist, Special
Assess Rev 2,
7.13%, 07/01/2027 (H)........................... 439
1,800 Phoenix, AZ, GO,
6.25%, 07/01/2017............................... 2,155
1,100 Pima County, AZ, Charter Schools Proj,
5.75%, 07/01/2016 (H)........................... 1,159
1,000 Pima County, AZ, Noah Webster Basic School,
5.60%, 12/15/2019............................... 1,041
200 Vistancia, AZ, Community Fac Dist GO,
6.75%, 07/15/2022 (H)........................... 221
--------
5,599
--------
CALIFORNIA -- 9.6%
1,800 California Educational Fac Auth,
5.00%, 01/01/2025 #............................. 1,852
820 California Educational Fac Auth, La Verne
University,
5.00%, 06/01/2031............................... 844
1,000 California Educational Fac Auth, University of the
Pacific,
5.00%, 11/01/2036............................... 1,033
500 California GO,
6.75%, 08/01/2011............................... 558
1,000 California State Public Works Board,
5.25%, 06/01/2030............................... 1,064
260 California Statewide Community DA,
5.00%, 11/01/2029............................... 260
465 California Statewide Community DA, Var-Kaiser-C,
5.25%, 08/01/2031............................... 493
250 Capistrano, CA, USD Community Fac Dist Special Tax
90-2 Talega,
5.90%, 09/01/2020............................... 281
625 Indio, CA, Public FA Rev Local Agency,
5.63%, 09/02/2018............................... 645
38 Indio, CA, Public Improvement Act Special Assess
2002-3 GO,
6.35%, 09/02/2027............................... 39
400 Jurupa, CA, Community Services Dist 6 Special Tax,
5.88%, 09/01/2032............................... 409
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
CALIFORNIA -- (CONTINUED)
$ 750 Lathrop, CA, FA Rev Water Supply Proj,
6.00%, 06/01/2035............................... $ 796
500 Moreno Valley, CA, USD Community Fac Dist Special
Tax 2002-1,
6.00%, 09/01/2022............................... 532
700 Oceanside, CA, Community Development,
5.70%, 09/01/2025............................... 744
835 Orange County, CA, Special Assessment,
5.05%, 09/02/2033............................... 845
535 Palm Springs, CA, Community Redev Agency,
5.50%, 09/01/2023............................... 568
495 Perris, CA, Public FA Local Agency Rev,
6.25%, 09/01/2033............................... 538
1,000 Pomona, CA, Public FA Rev Sub-Merged Redev,
5.50%, 02/01/2023............................... 1,093
320 Sacramento, CA, North Natomas Community Fac,
5.00%, 09/01/2025............................... 324
500 San Diego, CA, Redev Agency Centre City Sub Pkg,
5.25%, 09/01/2026............................... 512
1,800 San Jose, CA, Santa Clara County University,
4.91%, 08/01/2027 (M)........................... 734
1,000 San Manuel, CA, Entertainment Auth Public
Improvement,
4.50%, 12/01/2016 (H)........................... 1,013
800 Val Verde, CA, USD FA Special Tax Rev Jr Lien,
6.00%, 10/01/2021............................... 836
--------
16,013
--------
COLORADO -- 4.5%
600 Black Hawk, CO Excise Tax Rev,
5.00%, 12/01/2021............................... 611
1,000 Charter School Banning Lewis,
6.13%, 12/15/2035 (H)........................... 1,037
1,200 Colorado Health Facilities Authority, Adventist
Health,
5.25%, 11/15/2035............................... 1,262
1,000 Fort Collins, CO, Pollution Control,
4.70%, 09/01/2040............................... 988
1,000 Pinery West, CO
4.50%, 12/01/2032 (Q)........................... 975
1,000 Reata, CO, North Metro District,
5.50%, 12/01/2032 (I)........................... 1,003
1,000 Sorrel Ranch, CO, Meter Dist Ltd Tax,
5.75%, 12/01/2036............................... 1,023
500 Tallyns Reach, CO, Board of Water Meter Dist #3,
5.20%, 12/01/2036............................... 503
--------
7,402
--------
CONNECTICUT -- 0.6%
1,000 Mashantucket, CT, West Pequot,
5.50%, 09/01/2036 (I)........................... 1,051
--------
</Table>
The accompanying notes are an integral part of these financial statements.
239
THE HARTFORD TAX-FREE NATIONAL FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
MUNICIPAL BONDS -- (CONTINUED)
FLORIDA -- 9.4%
$1,000 Amelia Walk Community Development,
5.50%, 05/01/2037............................... $ 1,016
965 Bellalgo, FL, Education Fac Benefits Dist Capital,
5.85%, 05/01/2022............................... 997
485 Colonial Country Club Community Development Dist,
Capital Improvement Rev,
6.40%, 05/01/2033............................... 526
1,250 Florida Dept of Environmental Protection
Preservation, MBIA,
5.38%, 07/01/2015#.............................. 1,354
210 Gateway Services Community Development Dist of FL,
Special Assessment
Sun City Center Fort Meyers Proj,
5.50%, 05/01/2010............................... 211
3,000 Highland County, FL, Adventist Hospital,
5.25%, 11/15/2036............................... 3,151
750 Hollywood, FL, Community Redev Agency,
5.13%, 03/01/2014............................... 762
2,000 Jacksonville, FL, Economic Development Rev,
4.75%, 03/01/2047............................... 1,941
1,500 Lee Community Charter Schools,
5.38%, 06/15/2037............................... 1,515
2,000 Lee Memorial Health System, Florida Hospital Rev,
5.00%, 04/01/2032............................... 2,050
1,000 Rivercrest Community,
4.25%, 05/01/2026............................... 951
100 Rolling Hills Community Development Dist,
5.45%, 05/01/2037............................... 102
1,000 Sweetwater Creek, FL,
5.30%, 05/01/2017............................... 998
--------
15,574
--------
GEORGIA -- 3.1%
750 Augusta, GA, Airport Rev Passenger Fac Charge,
5.15%, 01/01/2035............................... 771
1,105 Fulton County, GA, School Dist GO,
5.38%, 01/01/2018............................... 1,245
35 Fulton County, GA, Water & Sewer Rev FGIC,
6.38%, 01/01/2014............................... 39
1,765 Fulton County, GA, Water & Sewer Rev FGIC Part
(Prerefunded with State and Local Gov't
Securities),
6.38%, 01/01/2014............................... 1,948
945 Georgia Municipal Electric Auth, Power Rev,
6.50%, 01/01/2017............................... 1,104
15 Georgia Municipal Electric Auth, Power Rev 2005
Ser Y, (Prerefunded with
US Gov't Securities),
6.50%, 01/01/2017............................... 17
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
GEORGIA -- (CONTINUED)
$ 40 Georgia Municipal Electric Auth, Power Rev
(Prerefunded with US Gov't Securities),
6.50%, 01/01/2017............................... $ 47
--------
5,171
--------
IDAHO -- 0.6%
1,000 Madison County, ID, Hospital Rev,
5.25%, 09/01/2030............................... 1,028
--------
ILLINOIS -- 5.3%
445 Bolingbrook, IL, Sales Tax Rev,
6.42%, 01/01/2024 (M)........................... 446
960 Chicago, IL, Board of Education GO MBIA,
5.25%, 12/01/2019............................... 1,024
1,500 Chicago, IL, Proj & Ref Ser A,
4.75%, 01/01/2036............................... 1,538
1,000 Chicago, IL, Tax Increment Allocation Jr Lien
Pilsen Redev B,
6.75%, 06/01/2022............................... 1,084
500 Illinois Education FA, Augustana College Ser A,
5.70%, 10/01/2032............................... 527
500 Plano, IL, Lakewood Springs Proj Special Services
Area,
6.10%, 03/01/2035............................... 529
1,000 Round Lake, IL, Special Tax Rev,
4.70%, 03/01/2033............................... 1,001
498 Round Lake, IL, Special Tax Rev,
6.70%, 03/01/2033............................... 570
1,000 Wauconda, IL, Special Service Area 1 Liberty Lakes
Proj,
6.63%, 03/01/2033............................... 1,078
966 Yorkville, IL, United City Special Service Area
Tax 2003-100 Raintree Village Proj,
6.88%, 03/01/2033 (H)........................... 1,036
--------
8,833
--------
INDIANA -- 1.2%
2,000 Indiana Health, Clarian Health Obligation,
5.00%, 02/15/2039............................... 2,044
--------
IOWA -- 1.5%
500 Coralville, IA, Urban Renewal,
5.00%, 06/01/2047 (Q)........................... 501
1,000 Iowa FA,
4.80%, 01/01/2037............................... 1,006
1,000 Iowa Higher Education Loan Auth, Grand View
College,
5.10%, 10/01/2036............................... 1,024
--------
2,531
--------
KANSAS -- 2.0%
1,500 Kansas City, KS, Wyandotte County University
Special Obligation Rev,
5.00%, 12/01/2020............................... 1,557
260 La Cygne, KS, Kansas City Power & Light,
4.65%, 09/01/2035............................... 265
</Table>
The accompanying notes are an integral part of these financial statements.
240
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
MUNICIPAL BONDS -- (CONTINUED)
KANSAS -- (CONTINUED)
$ 500 Lawrence, KS, Lawrence Memorial Hospital,
5.13%, 07/01/2036............................... $ 521
1,000 Salina, KS, Salina Regional Health Hospital Rev,
4.63%, 10/01/2031............................... 1,005
--------
3,348
--------
KENTUCKY -- 0.1%
150 Boone County, KY, Pollution Control Dayton Power &
Light,
4.70%, 01/01/2028............................... 153
--------
LOUISIANA -- 0.3%
500 Louisiana Public FA Rev, Ochsner Clinic Foundation
Proj,
5.50%, 05/15/2027............................... 529
--------
MARYLAND -- 0.7%
1,000 Maryland Economic Development Corp, Student
Housing Rev University of Maryland College Park
Proj,
6.50%, 06/01/2027............................... 1,151
--------
MASSACHUSETTS -- 0.7%
940 Massachusetts, GO Consolidated Loan,
5.25%, 03/01/2021............................... 1,004
60 Massachusetts, GO Consolidated Loan FSA
(Prerefunded with US Gov't Securities),
5.25%, 03/01/2021............................... 64
--------
1,068
--------
MICHIGAN -- 3.0%
500 Detroit, MI, GO MBIA,
5.50%, 04/01/2020............................... 532
1,750 Detroit, MI, Water Supply Sys Ref Rev FGIC,
6.50%, 07/01/2015............................... 2,037
1,000 Macomb County, MI, Hospital FA Rev Mt Clemens Gen
Hospital,
5.75%, 11/15/2025............................... 1,044
500 Michigan Hospital FA, Rev Ref Henry Ford Health
Sys,
5.63%, 03/01/2017............................... 547
750 Michigan Strategic Fund Ltd, Rev Ref Dow Chemical
Proj AMT,
5.50%, 12/01/2028............................... 797
--------
4,957
--------
MINNESOTA -- 3.8%
175 Inver Grove Heights, MN, Ref Presbyterian Homes
Care,
5.50%, 10/01/2033............................... 178
750 Minneapolis, MN, Health Care System AllinaHealth,
6.00%, 11/15/2018............................... 821
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
MINNESOTA -- (CONTINUED)
$1,150 Minnesota Intermediate School Dist Lease Rev,
5.30%, 11/01/2032............................... $ 1,173
765 Minnesota Residential Housing Fin Agency,
5.00%, 01/01/2020 #............................. 779
500 Ramsey, MN, Lease Rev Pact Charter School Proj,
6.50%, 12/01/2022............................... 528
500 St Paul, MN, Redev Auth Rev Ref Achieve Language
Academy,
6.75%, 12/01/2022............................... 521
740 St. Paul, MN, Housing & Redev Auth Hmong Academy
Proj,
6.00%, 09/01/2036 (H)........................... 747
665 St. Paul, MN, Housing & Redev Auth Hospital Rev,
6.00%, 11/15/2025............................... 737
860 St. Paul, MN, Housing & Redev Auth Lease Rev,
6.00%, 12/01/2018............................... 872
--------
6,356
--------
MISSISSIPPI -- 0.2%
250 Lowndes County, MS, Solid Waste Disposal & Poll
Control Rev Ref Weyerhaeuser Co Proj,
6.80%, 04/01/2022............................... 304
--------
MISSOURI -- 1.9%
500 Branson, MO, State Development Fin Board
Infrastructure,
5.50%, 12/01/2032............................... 522
1,000 Lees Summit, MO,
5.75%, 03/01/2029............................... 1,031
550 St Louis, MO, Industrial DA,
5.35%, 06/15/2032............................... 555
1,000 Stone Canyon, MO, Community Improvement Proj,
5.75%, 04/01/2027............................... 996
--------
3,104
--------
MONTANA -- 0.4%
700 Montana Fac FA Hospital,
4.38%, 06/01/2036............................... 663
--------
NEVADA -- 3.5%
995 Clark County, NV, Improvement Dist 142,
6.38%, 08/01/2023............................... 1,028
1,080 North Las Vegas, NV, Local Improvement,
5.10%, 12/01/2022 #............................. 1,113
2,000 Reno, NV, Catholic Healthcare West,
5.25%, 07/01/2031............................... 2,098
1,485 Reno, NV, Hospital Rev,
5.25%, 06/01/2032............................... 1,549
--------
5,788
--------
</Table>
The accompanying notes are an integral part of these financial statements.
241
THE HARTFORD TAX-FREE NATIONAL FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
MUNICIPAL BONDS -- (CONTINUED)
NEW HAMPSHIRE -- 1.1%
$1,000 New Hampshire Health & Education Fac,
5.25%, 06/01/2036............................... $ 1,036
750 New Hampshire Health & Education Fac, Elliot
Hospital,
5.60%, 10/01/2022............................... 805
--------
1,841
--------
NEW JERSEY -- 2.7%
275 New Jersey Education Fac, Fairleigh Dickinson
University,
6.00%, 07/01/2025............................... 300
500 New Jersey Education Fac, Georgian Court College,
6.50%, 07/01/2033............................... 556
800 New Jersey Econ DA Rev Cigarette Tax,
5.63%, 06/15/2019............................... 835
750 New Jersey Education Fac, Stevens Institute of
Technology,
5.13%, 07/01/2022............................... 779
1,950 New Jersey Tobacco Settlement Funding Corp,
6.13%, 06/01/2024............................... 2,086
--------
4,556
--------
NEW MEXICO -- 1.0%
665 Cabezon, NM, Public Improvement Dist,
5.20%, 09/01/2015............................... 676
1,000 New Mexico Mortgage FA,
4.75%, 01/01/2031............................... 1,006
--------
1,682
--------
NEW YORK -- 5.2%
950 Brookhaven, NY, IDR Methodist Retirement
Community,
4.25%, 11/01/2037............................... 955
575 Cattaraugus County, NY, IDR St Bonaventure
University,
5.10%, 05/01/2031............................... 591
250 Dutchess County, NY, IDA Civic Fac Rev Ref Marist
College,
5.00%, 07/01/2022............................... 259
550 Erie County, NY, IDA Charter School Applied Tech
Proj A,
6.75%, 06/01/2025............................... 561
1,000 Liberty, NY, Corp Development Goldman Sachs
Headquarters,
5.25%, 10/01/2035............................... 1,142
800 New York Dorm Auth, Methodist Hospital,
5.25%, 07/01/2019............................... 848
30 New York, NY, GO,
5.75%, 03/01/2019............................... 33
45 New York, NY, GO (Prerefunded with US Gov't
Securities),
5.75%, 03/01/2019............................... 50
1,000 New York, NY, IDA Terminal One Group Assoc Proj,
5.50%, 01/01/2024............................... 1,074
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
NEW YORK -- (CONTINUED)
$1,000 Seneca Nation Indians,
5.00%, 12/01/2023 (I)........................... $ 1,012
1,000 Suffolk County, NY, Jeffersons Ferry Proj,
5.00%, 11/01/2028............................... 1,023
620 Utica, NY, IDA Civic Fac Rev Utica College,
6.88%, 12/01/2014............................... 657
400 Westchester County, NY, IDA Continuing Care
Retirement Mortgage Kendal on Hudson Proj,
6.38%, 01/01/2024............................... 428
--------
8,633
--------
NORTH CAROLINA -- 2.9%
500 North Carolina Eastern Municipal Power Agency,
Power Sys Rev Ref,
5.38%, 01/01/2017............................... 532
2,000 North Carolina Medical Care Community,
4.50%, 10/01/2031 #............................. 1,974
1,800 North Carolina Medical Care Community,
4.50%, 01/01/2032 #............................. 1,787
500 North Carolina Municipal Power Agency, Catawba
Elec Rev,
5.50%, 01/01/2014............................... 535
--------
4,828
--------
NORTH DAKOTA -- 0.3%
510 Williams County, ND, Sales Tax Rev,
5.00%, 11/01/2031............................... 520
--------
OHIO -- 1.1%
300 Cuyahoga County, OH, Rev Ref Class A,
5.50%, 01/01/2029............................... 320
1,270 Hamilton, OH, School Dist Improvement,
6.15%, 12/01/2016............................... 1,494
--------
1,814
--------
OKLAHOMA -- 0.7%
1,210 Tulsa County, OK, St. Francis Health Care System,
5.00%, 12/15/2029............................... 1,245
--------
OTHER U.S. TERRITORIES -- 0.6%
110 University Virgin Islands,
5.00%, 12/01/2021............................... 113
750 Virgin Islands Public FA, Revhovenska Refinery,
6.13%, 07/01/2022............................... 832
--------
945
--------
PENNSYLVANIA -- 2.1%
545 Carbon County, PA, IDA Res Recovery Panther Creek
Partners Proj AMT,
6.65%, 05/01/2010............................... 562
1,000 Lehigh County, PA, Saint Lukes Bethlehem Hospital,
5.38%, 08/15/2033 #............................. 1,087
</Table>
The accompanying notes are an integral part of these financial statements.
242
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
MUNICIPAL BONDS -- (CONTINUED)
PENNSYLVANIA -- (CONTINUED)
$ 800 Montgomery County, PA, IDA Whitemarsh Continuing
Care Proj,
6.13%, 02/01/2028............................... $ 849
1,000 Pennsylvania Higher Education FA, Widener
University,
5.25%, 07/15/2024............................... 1,043
--------
3,541
--------
RHODE ISLAND -- 4.6%
1,000 Central Falls, RI, Detention FA Fac Rev,
6.75%, 01/15/2013............................... 1,047
250 Rhode Island Health & Education Bldg Corp Fin,
6.50%, 08/15/2032............................... 283
1,000 Rhode Island Higher Education Fac Rev, Roger
Williams University,
5.00%, 11/15/2036............................... 1,044
5,000 Rhode Island, Tobacco Settlement Funding Corp,
6.00%, 06/01/2023............................... 5,324
--------
7,698
--------
SOUTH CAROLINA -- 3.6%
1,000 Dorchester County, SC, School Dist 2 Installment
Purhase Rev Growth Remedy Opportunity Hike,
5.25%, 12/01/2024............................... 1,058
750 Lancaster County, SC, Sun City Carolina Lakes
Improvement,
5.45%, 12/01/2037............................... 767
2,000 South Carolina Jobs Economic Development Auth Rev,
4.70%, 04/01/2035............................... 2,009
2,000 Spartanburg, SC, Waterworks Rev,
5.00%, 06/01/2036............................... 2,125
--------
5,959
--------
TENNESSEE -- 1.6%
2,000 Johnson City, TN, Health & Educational Fac Board
Hospital Rev,
5.50%, 07/01/2036............................... 2,136
500 McMinn County, TN, IDA PCR Calhoun Newsprint Co
Proj,
7.63%, 03/01/2016............................... 503
--------
2,639
--------
TEXAS -- 3.3%
1,500 Aldine, TX, ISD,
4.50%, 02/15/2026............................... 1,505
1,000 Brazos River Auth, Pollution Control Rev,
5.00%, 03/01/2041............................... 966
1,000 Matagorda County, TX, Navigation Dist 1 Rev Ref
Centerpoint Energy Proj,
5.60%, 03/01/2027............................... 1,059
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
TEXAS -- (CONTINUED)
$ 400 Midlothian, TX,
5.13%, 11/15/2026............................... $ 404
500 Sam Rayburn Municipal Power Agency, Rev Ref,
5.50%, 10/01/2010............................... 520
1,000 Willacy County, TX, GO,
6.00%, 03/01/2009............................... 1,013
--------
5,467
--------
VERMONT -- 0.3%
500 Vermont Economic DA, GO,
5.38%, 05/01/2036............................... 512
--------
VIRGINIA -- 2.5%
500 Norfolk, VA, Redev & Housing Auth First Mortgage
Retirement Community,
6.00%, 01/01/2025............................... 524
1,000 Peninsula, VA, PA Fac CSX Transport Proj Rev,
6.00%, 12/15/2012............................... 1,079
1,000 Virginia College Bldg Auth, Educational Fac Rev
Regent University Proj,
5.00%, 06/01/2036............................... 1,026
1,455 Virginia Tobacco Settlement Funding Corp,
5.50%, 06/01/2026............................... 1,547
--------
4,176
--------
WASHINGTON -- 2.8%
2,000 Central Puget Sound, WA, Regional Sales,
3.98%, 11/01/2012 (I)(L)........................ 2,000
670 King County, WA, ISD #210 GO,
5.00%, 06/01/2019............................... 702
2,000 Washington State Housing Fin Community,
4.70%, 12/01/2038............................... 1,989
--------
4,691
--------
WISCONSIN -- 0.3%
415 Wisconsin Housing & Econ DA, GO Home Ownership
Rev,
4.85%, 09/01/2017............................... 429
--------
Total municipal bonds
(cost $152,408)................................. $157,903
--------
SHORT-TERM INVESTMENTS -- 4.4%
FINANCE -- 4.4%
7,379 State Street Bank Tax Free Money Market........... $ 7,379
--------
Total short-term investments
(cost $7,379)................................... $ 7,379
--------
Total investments in securities
(cost $159,787) (C)............................. $165,282
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
The accompanying notes are an integral part of these financial statements.
243
THE HARTFORD TAX-FREE NATIONAL FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $159,787 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation.......................... $5,734
Unrealized depreciation.......................... (239)
------
Net unrealized appreciation...................... $5,495
======
</Table>
# This security, or a portion of this security, has been segregated to
cover funding requirements on investment transactions settling in the
future.
(H)The following securities are considered illiquid. Illiquid securities
are often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD COST
ACQUIRED SHARES/PAR SECURITY BASIS
-------- ---------- -------- -----
4/2003 409 Arizona Sundance Community Fac
Dist, Special Assess Rev #2,
7.13%, 07/01/2027 - 144A $ 409
6/2006 1,000 Charter School Banning Lewis,
6.13%, 12/15/2035 - 144A 1,000
4/2004 1,100 Pima County, AZ, Charter Schools
Proj, 5.75%, 07/01/2016 1,100
11/2004 1,000 San Manuel, CA, Entertainment
Auth Public Improvement,
4.50%, 12/01/2016 - 144A 1,000
9/2006 740 St Paul, MN, Housing & Redev
Auth, Hmong Academy Proj,
6.00%, 09/01/2036 745
12/2002 200 Vistancia, AZ, Community Fac
Dist GO,
6.75%, 07/15/2022 200
8/2003 966 Yorkville, IL, United City
Special Service Area Tax
#2003-100 Raintree Village Proj,
6.88%, 03/01/2033 966
</Table>
The aggregate value of these securities at April 30, 2007 was $5,652,
which represents 3.40% of total net assets.
(I) Securities issued within terms of a private placement memoran-
dum, exempt from registration under Section 144A of the Securi-
ties Act of 1933, as amended, and may be sold only to qualified
institutional buyers. Pursuant to guidelines adopted by the Board of
Directors, these issues are determined to be liquid. The aggregate value
of these securities at April 30, 2007, was $5,066, which represents 3.04%
of total net assets.
(L) Variable rate securities; the rate reported is the coupon rate in
effect at April 30, 2007.
(M) The interest rate disclosed for these securities represents the
effec-
tive yield on the date of acquisition.
(Q) The cost of securities purchased on a when-issued or delayed
delivery basis at April 30, 2007 was $1,476.
(W) See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
<Table>
AMT -- Alternative Minimum Tax
DA -- Development Authority
FA -- Finance Authority
FGIC -- Financial Guaranty Insurance Company
FSA -- Financial Security Assurance
GO -- General Obligations
IDA -- Industrial Development Authority Bond
IDR -- Industrial Development Revenue Bond
ISD -- Independent School District
MBIA -- Municipal Bond Insurance Association
PA -- Port Authority
USD -- United School District
</Table>
The accompanying notes are an integral part of these financial statements.
244
THE HARTFORD TAX-FREE NEW YORK FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
MUNICIPAL BONDS -- 96.4%
AIRPORT REVENUES -- 2.3%
$ 200 Monroe County, NY, Airport Auth Rev Ref Greater
Rochester International,
5.25%, 01/01/2014............................... $ 212
150 New York, NY, IDA Terminal One Group Assoc Proj,
5.50%, 01/01/2024............................... 161
-------
373
-------
GENERAL OBLIGATIONS -- 7.4%
410 New York, NY, GO Prerefunded (with US Gov't
Securities),
5.75%, 03/01/2019............................... 454
450 New York, NY, GO,
5.00%, 03/01/2030............................... 471
15 New York, NY, GO,
5.75%, 03/01/2019............................... 16
250 Puerto Rico Commonwealth, GO,
5.00%, 07/01/2030............................... 261
-------
1,202
-------
HEALTH CARE/SERVICES -- 14.4%
150 Brookhaven, NY, IDR Methodist Retirement
Community,
4.25%, 11/01/2037............................... 151
125 Chemung County, NY, IDA Civic Fac Rev, Arnot Ogden
Medical Center,
5.00%, 11/01/2034............................... 128
150 New York Dorm Auth, College & University Rev,
5.00%, 11/01/2034............................... 155
5 New York Dorm Auth, Mental Health Services Fac,
5.00%, 02/15/2018............................... 5
200 New York Dorm Auth, Methodist Hospital,
5.25%, 07/01/2019............................... 212
150 New York Dorm Auth, NYU Medical Center,
5.00%, 07/01/2026............................... 155
450 New York Dorm Auth, St Barnabas FHA AMBAC, 5.13%,
02/01/2022...................................... 474
200 New York Dorm Auth, Winthrop South Nassau
University,
5.50%, 07/01/2023............................... 212
200 Saratoga, NY, IDA Saratoga Hospital Proj,
5.00%, 12/01/2014............................... 209
500 Suffolk County, NY, Jeffersons Ferry Proj,
5.00%, 11/01/2028............................... 511
100 Westchester County, NY, IDA Continuing Care
Retirement Mtg, Kendal on Hudson Proj,
6.38%, 01/01/2024............................... 107
-------
2,319
-------
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
HIGHER EDUCATION (UNIV., DORMS, ETC.) -- 26.7%
$ 200 Albany, NY, Brighter Choice Charter School,
5.00%, 04/01/2037............................... $ 203
45 Albany, NY, IDA New Covenant Charter School,
5.00%, 05/01/2007............................... 45
175 Cattaraugus County, NY, IDR St Bonaventure
University,
5.10%, 05/01/2031............................... 180
250 Dutchess County, NY, IDA Civic Fac Rev Ref, Marist
College,
5.00%, 07/01/2022............................... 259
250 Erie County, NY, IDA Charter School Applied Tech
Proj A,
6.75%, 06/01/2025............................... 255
250 New York Dorm Auth, Brooklyn Law School,
5.50%, 07/01/2019............................... 269
425 New York Dorm Auth, Court Fac,
5.50%, 05/15/2020............................... 467
80 New York Dorm Auth, Fordham University FGIC,
5.00%, 07/01/2020............................... 84
400 New York Dorm Auth, Mount St Mary College,
5.00%, 07/01/2027............................... 418
135 New York Dorm Auth, Rochester University,
5.25%, 07/01/2022............................... 145
450 New York Dorm Auth, State University Dorm Fac,
5.00%, 07/01/2032............................... 478
250 New York Dorm Auth, Upstate Community College,
5.25%, 07/01/2021............................... 268
200 Otsego County, NY, IDA Civic Fac Rev, Hartwick
College Proj,
6.00%, 07/01/2011............................... 209
335 Schenectady, NY, Union College Project,
5.00%, 07/01/2031............................... 353
450 St Lawrence, NY, IDA Civic Fac Rev, Clarkson
University Proj,
5.00%, 07/01/2023............................... 465
110 University Virgin Islands,
5.00%, 12/01/2021............................... 113
100 Utica, NY, IDA Civic Fac Rev Utica College,
6.88%, 12/01/2014............................... 106
-------
4,317
-------
INDUSTRIAL -- 4.3%
200 Liberty, NY, Corp Development Goldman Sachs
Headquarters,
5.25%, 10/01/2035............................... 228
250 New York, NY, IDA Civic Fac Rev YMCA of Greater NY
Proj,
5.25%, 08/01/2021............................... 258
200 Rensselaer County, NY, Industrial Improvements,
5.00%, 01/01/2036............................... 211
-------
697
-------
</Table>
The accompanying notes are an integral part of these financial statements.
245
THE HARTFORD TAX-FREE NEW YORK FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
MUNICIPAL BONDS -- (CONTINUED)
LAND DEVELOPMENT -- 1.0%
$ 160 Genesee County, NY,
5.00%, 12/01/2032............................... $ 157
-------
MISCELLANEOUS -- 16.3%
300 Essex County Environment Impact,
4.60%, 03/01/2027............................... 293
200 Grand Central, NY, Dist Management Assoc Inc, Ref
Capital Business Improvement,
5.00%, 01/01/2022............................... 210
1,000 Nassau County, NY, Tobacco Settlement Corp,
5.00%, 06/01/2035............................... 1,020
160 Seneca Nation Indians,
5.00%, 12/01/2023 (I)........................... 162
400 Tobacco Settlement FA of NY,
5.50%, 06/01/2022............................... 431
500 TSACS Inc NY Tobacco Settlement,
5.13%, 06/01/2042............................... 514
-------
2,630
-------
POLLUTION CONTROL -- 6.5%
450 New York Environmental Fac Corp,
5.00%, 07/15/2026............................... 470
150 New York, NY, Jetblue Airways Corp Proj,
5.00%, 05/15/2020............................... 149
150 Onondaga County, NY, IDA Pollution Control Rev,
4.88%, 07/01/2041............................... 153
250 Virgin Islands Public FA, Revhovenska Refinery,
6.13%, 07/01/2022............................... 277
-------
1,049
-------
PUBLIC FACILITIES -- 7.2%
500 Niagara Falls, NY, School Dist Certificate of
Participation,
5.00%, 06/15/2028............................... 528
600 Rensselaer, NY, School Dist Certificate of
Participation,
5.00%, 06/01/2036............................... 634
-------
1,162
-------
SPECIAL TAX ASSESSMENT -- 2.9%
450 New York, NY, Transitional FA Future Tax Secured,
5.00%, 08/01/2023............................... 471
-------
TRANSPORTATION -- 2.9%
450 New York Metro Transportation Auth,
5.13%, 11/15/2031............................... 471
-------
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
UTILITIES -- ELECTRIC -- 1.6%
$ 250 New York Energy Research & DA, Elec Fac Rev Adj
Long Island Lighting Co Proj,
5.30%, 08/01/2025............................... $ 258
-------
UTILITIES -- WATER AND SEWER -- 2.9%
450 Jefferson County, NY, IDA Waste Disposal,
5.20%, 12/01/2020............................... 461
-------
Total municipal bonds
(cost $15,047).................................. $15,567
-------
SHORT-TERM INVESTMENTS -- 1.8%
FINANCE -- 1.8%
297 Dreyfus Basic New York Municipal Money Market
Fund............................................ $ 297
-------
Total short-term investments
(cost $297)..................................... $ 297
-------
Total investments in securities
(cost $15,344) (C).............................. $15,864
=======
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $15,344 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation............................ $535
Unrealized depreciation............................ (15)
----
Net unrealized appreciation........................ $520
====
</Table>
(I)Securities issued within terms of a private placement memoran-
dum, exempt from registration under Section 144A of the Securi-
ties Act of 1933, as amended, and may be sold only to qualified
institutional buyers. Pursuant to guidelines adopted by the Board of
Directors, these issues are determined to be liquid. The aggregate value of
these securities at April 30, 2007, was $162, which represents 1.00% of
total net assets.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
<Table>
DA -- Development Authority
FA -- Finance Authority
FGIC -- Financial Guaranty Insurance Company
GO -- General Obligations
IDA -- Industrial Development Authority Bond
IDR -- Industrial Development Revenue Bond
</Table>
The accompanying notes are an integral part of these financial statements.
246
THE HARTFORD TOTAL RETURN BOND FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
MUNICIPAL BONDS -- 0.1%
GENERAL OBLIGATIONS -- 0.1%
$ 1,250 Oregon School Boards Association, Taxable Pension,
4.76%, 06/30/2028............................... $ 1,157
----------
Total municipal bonds
(cost $1,250)................................... $ 1,157
----------
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -- 12.0%
FINANCE -- 11.6%
2,050 ACT Depositor Corp.,
5.44%, 09/22/2041 #(I)(L)....................... $ 1,989
1,672 AmeriCredit Automobile Receivables Trust,
5.20%, 03/06/2011 #............................. 1,672
44,162 Banc of America Commercial Mortgage, Inc.,
4.08%, 12/10/2042 (P)........................... 783
5,700 Banc of America Commercial Mortgage, Inc.,
4.43%, 11/10/2039 #............................. 5,531
18,129 Banc of America Commercial Mortgage, Inc.,
4.52%, 09/11/2036 (I)(P)........................ 606
2,840 Banc of America Commercial Mortgage, Inc.,
5.32%, 09/10/2047 #............................. 2,851
2,700 Banc of America Commercial Mortgage, Inc.,
5.52%, 07/10/2046 #(L).......................... 2,733
1,230 Banc of America Securities Auto Trust,
4.49%, 02/18/2013 #............................. 1,216
1,000 Bayview Financial Acquisition Trust,
6.97%, 05/28/2037 #(L).......................... 1,000
12,843 Bear Stearns Commercial Mortgage Securities, Inc.,
4.07%, 07/11/2042 (P)........................... 396
10,201 Bear Stearns Commercial Mortgage Securities, Inc.,
4.12%, 11/11/2041 (P)........................... 270
23,174 Bear Stearns Commercial Mortgage Securities, Inc.,
5.50%, 02/11/2041 (I)(P)........................ 393
3,360 Bear Stearns Commercial Mortgage Securities, Inc.,
5.58%, 09/11/2041 #............................. 3,397
625 Capital Auto Receivables Asset Trust,
5.77%, 05/20/2010 #(I).......................... 630
800 Capital Auto Receivables Asset Trust,
6.15%, 04/20/2011 (I)........................... 811
12,521 CBA Commercial Small Balance Commercial Mortgage,
7.00%, 07/25/2035 (I)(P)........................ 583
9,685 CBA Commercial Small Balance Commercial Mortgage,
7.00%, 06/25/2038 (I)(P)........................ 639
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
FINANCE -- (CONTINUED)
$ 2,290 Citibank Credit Card Issuance Trust,
5.70%, 05/15/2013 #............................. $ 2,313
620 Citibank Credit Card Issuance Trust,
6.95%, 02/18/2014............................... 660
3,130 Citigroup Commercial Mortgage Trust,
5.25%, 04/15/2040 #............................. 3,136
2,050 Citigroup Commercial Mortgage Trust,
5.41%, 10/15/2049 #............................. 2,061
-- Citigroup Mortgage Loan Trust, Inc.,
0.00%, 01/25/2037 (A)(I)........................ --
318 Citigroup Mortgage Loan Trust, Inc.,
12.00%, 01/25/2037 #(I)(M)...................... 950
299 Countrywide Asset-Backed Certificates,
5.46%, 07/25/2035 #............................. 297
1,663 Credit Suisse Mortgage Capital Certificates,
5.83%, 06/15/2038 (L)........................... 1,722
1,125 Credit-Based Asset Servicing and Securitization
LLC,
5.86%, 04/25/2037 #............................. 1,125
260 CS First Boston Mortgage Securities Corp.,
2.08%, 05/15/2038 #............................. 255
40,963 CS First Boston Mortgage Securities Corp.,
4.39%, 07/15/2037 (I)(P)........................ 1,005
418 CS First Boston Mortgage Securities Corp.,
4.51%, 07/15/2037 #............................. 410
2,600 DB Master Finance LLC,
5.78%, 06/20/2031 #(I).......................... 2,646
1,060 Ford Credit Auto Owner Trust,
5.30%, 06/15/2012 #............................. 1,065
70,663 GE Business Loan Trust,
6.14%, 05/15/2034 (I)(P)........................ 688
1,978 GE Business Loan Trust,
6.32%, 05/15/2034 #(I)(L)....................... 1,978
3,260 GE Capital Commercial Mortgage Corp.,
5.61%, 04/10/2017 (M)(Q)........................ 3,276
11,645 GMAC Commercial Mortgage Securities, Inc.,
4.10%, 12/10/2041 (P)........................... 238
2,535 GMAC Commercial Mortgage Securities, Inc.,
5.24%, 11/10/2045 #(L).......................... 2,513
28,121 Goldman Sachs Mortgage Securities Corp. II,
4.38%, 08/10/2038 (I)(P)........................ 278
286 Green Tree Financial Corp.,
7.24%, 06/15/2028 #............................. 300
289 Home Equity Asset Trust,
4.75%, 06/27/2035 (H)........................... 203
1,750 Home Equity Asset Trust,
6.27%, 07/25/2037 #(L).......................... 1,753
385 JP Morgan Auto Receivable Trust,
12.88%, 03/15/2012 (A)(P)....................... 383
21,446 JP Morgan Chase Commercial Mortgage Securities
Corp.,
3.68%, 01/15/2038 (I)(P)........................ 624
</Table>
The accompanying notes are an integral part of these financial statements.
247
THE HARTFORD TOTAL RETURN BOND FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -- (CONTINUED)
FINANCE -- (CONTINUED)
$ 48,569 JP Morgan Chase Commercial Mortgage Securities
Corp.,
4.07%, 01/15/2042 (P)........................... $ 713
96,845 JP Morgan Chase Commercial Mortgage Securities
Corp.,
4.82%, 08/12/2037 (P)........................... 378
1,900 JP Morgan Chase Commercial Mortgage Securities
Corp.,
4.87%, 03/15/2046 #............................. 1,870
93,776 JP Morgan Chase Commercial Mortgage Securities
Corp.,
5.42%, 05/12/2045 (P)........................... 2,320
800 JP Morgan Chase Commercial Mortgage Securities
Corp.,
5.44%, 12/12/2044 #............................. 806
4,300 JP Morgan Chase Commercial Mortgage Securities
Corp.,
5.54%, 12/12/2043 (L)........................... 4,278
46,174 LB-UBS Commercial Mortgage Trust,
1.12%, 03/15/2036 #(P)(I)....................... 1,364
3,950 LB-UBS Commercial Mortgage Trust,
5.22%, 02/15/2031 #(L).......................... 3,899
25,441 LB-UBS Commercial Mortgage Trust,
5.26%, 09/15/2039 (P)........................... 823
2,950 LB-UBS Commercial Mortgage Trust,
5.41%, 09/15/2039 (L)........................... 2,946
975 LB-UBS Commercial Mortgage Trust,
5.45%, 11/15/2038 (L)........................... 965
2,445 LB-UBS Commercial Mortgage Trust,
5.48%, 11/15/2038 #(L).......................... 2,423
1,109 Lehman Brothers Small Balance Commercial,
5.52%, 09/25/2030 (I)........................... 1,110
1,100 Lehman Brothers Small Balance Commercial,
5.62%, 09/25/2036 #(I).......................... 1,095
2,870 Marlin Leasing Receivables LLC,
5.33%, 09/16/2013 (I)........................... 2,876
2,400 MBNA Credit Card Master Note Trust,
4.50%, 01/15/2013 (G)........................... 2,371
417 Merrill Lynch Mortgage Trust,
4.56%, 06/12/2043............................... 410
42,107 Merrill Lynch Mortgage Trust,
4.57%, 06/12/2043 (P)........................... 1,054
22,935 Merrill Lynch/Countrywide Commercial Mortgage
Trust,
5.27%, 07/12/2046 (P)........................... 826
2,950 Merrill Lynch/Countrywide Commercial Mortgage
Trust,
5.46%, 07/12/2046 (L)........................... 2,949
2,040 Merrill Lynch/Countrywide Commercial Mortgage
Trust,
5.91%, 06/12/2046 (L)........................... 2,125
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
FINANCE -- (CONTINUED)
$ 245 Morgan Stanley Auto Loan Trust,
5.00%, 03/15/2012 #(I).......................... $ 245
5,130 Morgan Stanley Capital I,
5.04%, 08/13/2042 #............................. 5,015
139 Morgan Stanley Capital I,
7.44%, 04/30/2039 (I)(L)........................ 139
12,535 Morgan Stanley Dean Witter Capital I,
0.46%, 08/25/2032 (A)(H)(P)..................... --
4,620 Morgan Stanley Dean Witter Capital I,
8.05%, 08/25/2032 (H)(P)........................ 8
1,008 Nationstar Home Equity Loan Trust,
9.97%, 03/25/2037 #(I)(L)....................... 1,008
875 Option One Mortgage Loan Trust -- Class M6,
6.99%. 03/25/2037............................... 871
600 Option One Mortgage Loan Trust -- Class M7,
6.99%, 03/25/2037............................... 527
600 Option One Mortgage Loan Trust -- Class M8,
6.99%, 03/25/2037............................... 473
650 Popular ABS Mortgage Pass-Through Trust,
4.75%, 12/25/2034............................... 628
540 Popular ABS Mortgage Pass-Through Trust,
5.42%, 04/25/2035............................... 534
1,125 Providian Gateway Master Trust,
3.35%, 09/15/2011 (I)........................... 1,117
1,750 PSE&G Transition Funding LLC,
6.45%, 03/15/2013 #............................. 1,831
800 Renaissance Home Equity Loan Trust,
5.36%, 05/25/2035............................... 788
1,260 Renaissance Home Equity Loan Trust,
5.75%, 05/25/2036 (L)........................... 1,253
650 Renaissance Home Equity Loan Trust,
7.50%, 04/25/2037............................... 583
699 Soundview NIM Trust,
6.41%, 12/25/2036 (I)........................... 696
2,150 Wachovia Auto Loan Owner Trust,
5.29%, 06/20/2012 (I)........................... 2,163
9,316 Wachovia Bank Commercial Mortgage Trust,
3.65%, 02/15/2041 (I)(P)........................ 249
41,997 Wachovia Bank Commercial Mortgage Trust,
4.48%, 05/15/2044 (I)(P)........................ 1,006
417 Wachovia Bank Commercial Mortgage Trust,
4.52%, 05/15/2044............................... 409
1,375 Wachovia Bank Commercial Mortgage Trust,
4.72%, 01/15/2041............................... 1,354
</Table>
The accompanying notes are an integral part of these financial statements.
248
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -- (CONTINUED)
FINANCE -- (CONTINUED)
$ 2,650 Wachovia Bank Commercial Mortgage Trust -- Class
A2,
5.42%, 01/15/2045 #............................. $ 2,666
2,500 Wachovia Bank Commercial Mortgage Trust -- Class
A4,
5.42%, 01/15/2045 (L)........................... 2,506
----------
119,049
----------
HEALTH CARE -- 0.2%
1,795 CVS Lease Pass Through Trust,
6.04%, 12/10/2028 #(I).......................... 1,800
----------
TRANSPORTATION -- 0.2%
996 Continental Airlines, Inc.,
6.70%, 06/15/2021 #............................. 1,038
811 Continental Airlines, Inc.,
8.05%, 11/01/2020 #............................. 909
----------
1,947
----------
Total asset & commercial
mortgage backed securities
(cost $123,129)................................. $ 122,796
----------
CORPORATE BONDS: INVESTMENT GRADE -- 19.6%
BASIC MATERIALS -- 0.4%
1,960 Alcoa, Inc.,
5.95%, 02/01/2037 (G)........................... $ 1,946
1,445 Westvaco Corp.,
7.95%, 02/15/2031 #............................. 1,571
----------
3,517
----------
CONSUMER CYCLICAL -- 0.1%
710 Foster's Finance Corp.,
4.88%, 10/01/2014 #(I).......................... 675
419 J. C. Penney Co., Inc.,
6.38%, 10/15/2036............................... 418
----------
1,093
----------
CONSUMER STAPLES -- 0.5%
2,917 Diageo Finance B.V.,
5.50%, 04/01/2013 #............................. 2,934
1,865 SABMiller plc,
6.20%, 07/01/2011 #(I).......................... 1,926
----------
4,860
----------
ENERGY -- 1.9%
2,455 Anadarko Petroleum Corp.,
6.45%, 09/15/2036 #............................. 2,461
391 Canadian National Resources Ltd.,
6.25%, 03/15/2038 #............................. 388
2,330 Canadian National Resources Ltd.,
6.50%, 02/15/2037 (G)........................... 2,397
400 Consumers Energy Co.,
5.15%, 02/15/2017 #............................. 386
1,095 Consumers Energy Co.,
5.38%, 04/15/2013 (G)........................... 1,095
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
ENERGY -- (CONTINUED)
$ 1,215 Enterprise Products Operating L.P.,
4.63%, 10/15/2009 #............................. $ 1,200
1,275 Gazprom Capital S.A.,
6.21%, 11/22/2016 #(I).......................... 1,292
2,940 Petro-Canada,
5.95%, 05/15/2035 #............................. 2,830
394 Ras Laffan Liquefied Natural Gas Co., Ltd.,
3.44%, 09/15/2009 #(I).......................... 387
4,440 Ras Laffan Liquefied Natural Gas Co., Ltd.,
5.30%, 09/30/2020 #(I).......................... 4,282
710 Sempra Energy,
6.00%, 02/01/2013 #............................. 734
1,490 TNK-BP Finance S.A.,
7.50%, 07/18/2016 #(I).......................... 1,578
----------
19,030
----------
FINANCE -- 11.5%
2,232 ABX Financing Co.,
6.35%, 10/15/2036 #(I).......................... 2,250
1,385 Aegon Funding Corp.,
5.75%, 12/15/2020 #............................. 1,412
3,378 Aetna, Inc.,
5.75%, 06/15/2011 (G)........................... 3,451
421 AMBAC Financial Group, Inc.,
6.15%, 02/15/2037 #............................. 404
6,578 American Express Credit Corp.,
6.80%, 09/01/2066 #............................. 7,027
2,450 American International Group, Inc.,
6.25%, 03/15/2037 #............................. 2,439
3,110 Amvescap plc,
4.50%, 12/15/2009 #............................. 3,056
1,206 Amvescap plc,
5.38%, 02/27/2013 #............................. 1,193
915 Army Hawaii Family Housing Trust Certificates,
5.52%, 06/15/2050 #(I).......................... 893
3,973 Axa S.A.,
6.46%, 12/14/2049 #(I)(L)....................... 3,926
2,980 BAE Systems Holdings, Inc.,
5.20%, 08/15/2015 #(I).......................... 2,923
80 Capital One Bank,
4.88%, 05/15/2008 #............................. 80
2,218 Capital One Capital IV,
6.75%, 02/17/2037 #............................. 2,164
2,520 CIT Group, Inc.,
6.10%, 03/15/2067 (G)(L)........................ 2,428
3,333 Comerica Capital Trust II,
6.58%, 02/20/2037 #(L).......................... 3,293
2,150 Credit Suisse First Boston USA, Inc.,
6.50%, 01/15/2012 #............................. 2,275
4,095 Duke Reality L.P.,
5.95%, 02/15/2017 #............................. 4,200
2,865 ERAC USA Finance Co.,
5.60%, 05/01/2015 #(I).......................... 2,825
</Table>
The accompanying notes are an integral part of these financial statements.
249
THE HARTFORD TOTAL RETURN BOND FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
CORPORATE BONDS: INVESTMENT GRADE -- (CONTINUED)
FINANCE -- (CONTINUED)
$ 1,740 ERP Operating L.P.,
6.58%, 04/13/2015 #............................. $ 1,867
4,920 Fifth Third Capital Trust IV,
6.50%, 04/15/2037 (G)(L)........................ 4,956
3,446 Genworth Financial, Inc.,
6.15%, 11/15/2066 #............................. 3,409
4,885 Goldman Sachs Group, Inc.,
5.95%, 01/15/2027 #............................. 4,828
1,980 HSBC Holding plc,
6.50%, 05/02/2036 #............................. 2,121
4,500 JP Morgan Chase Capital XX,
6.55%, 09/29/2036 #............................. 4,598
820 Kazkommerts International B.V.,
8.00%, 11/03/2015 #(I).......................... 828
5,330 Lincoln National Corp.,
6.05%, 04/20/2067 (G)........................... 5,271
3,380 Merrill Lynch & Co., Inc.,
5.70%, 05/02/2017............................... 3,385
1,345 Merrill Lynch & Co., Inc.,
6.22%, 09/15/2026 #............................. 1,370
220 Metlife, Inc.,
5.38%, 12/15/2012 (G)........................... 222
4,484 Metlife Inc.,
6.40%, 12/15/2036 #............................. 4,475
2,050 Morgan Stanley Group, Inc.,
5.55%, 04/27/2017 (G)........................... 2,044
2,032 MUFG Capital Finance I Ltd.,
6.35%, 07/25/2049 #(L).......................... 2,075
75 National Rural Utilities Cooperative Finance
Corp.,
5.75%, 08/28/2009 #............................. 76
850 North Street Referenced Linked Notes,
6.41%, 07/30/2010 #(I)(L)....................... 740
2,300 PNC Preferred Funding Trust II,
6.11%, 03/15/2049 #(I)(L)....................... 2,298
2,384 Regions Financing Trust II,
6.63%, 05/15/2047............................... 2,382
1,820 Simon Property Group, Inc.,
7.88%, 03/15/2016 #(I).......................... 2,113
1,085 Simon Property Group L.P.,
6.35%, 08/28/2012 (G)........................... 1,142
3,598 SMFG Preferred Capital,
6.08%, 12/01/2049 #(I)(L)....................... 3,608
1,500 St. Paul Travelers Cos., Inc.,
8.13%, 04/15/2010 #............................. 1,621
3,410 State Street Capital Trust IV,
6.36%, 06/15/2037 (L)........................... 3,423
4,352 Suntrust Capital VIII,
6.10%, 12/01/2066 #............................. 4,137
810 Suntrust Preferred Capital,
5.85%, 12/29/2049 (G)(L)........................ 823
496 Travelers Property Casualty Corp.,
5.00%, 03/15/2013 #............................. 488
1,270 TuranAlem Finance B.V.,
8.50%, 02/10/2015 #(K).......................... 1,284
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
FINANCE -- (CONTINUED)
$ 3,000 US Bank Realty Corp.,
6.09%, 12/22/2049 #(I)(L)....................... $ 3,030
1,000 WellPoint, Inc.,
6.80%, 08/01/2012 #............................. 1,066
1,983 Westfield Group,
5.70%, 10/01/2016 #(I).......................... 2,006
----------
117,925
----------
HEALTH CARE -- 0.3%
856 Baxter International, Inc.,
5.90%, 09/01/2016 #............................. 884
2,325 Wyeth,
5.95%, 04/01/2037 #............................. 2,325
----------
3,209
----------
SERVICES -- 1.4%
2,800 COX Communications, Inc.,
5.45%, 12/15/2014 #............................. 2,771
1,681 COX Communications, Inc.,
5.88%, 12/01/2016 #(I).......................... 1,695
435 Electronic Data Systems Corp.,
3.88%, 07/15/2023 (G)+.......................... 452
775 FedEx Corp.,
3.50%, 04/01/2009 #............................. 752
1,975 Marriott International, Inc.,
6.20%, 06/15/2016 #............................. 2,029
813 Mashantucket Western Pequot Revenue Bond,
5.91%, 09/01/2021 #(I).......................... 783
3,725 Time Warner Entertainment Co. L.P.,
8.38%, 07/15/2033 #............................. 4,547
1,100 Time Warner, Inc.,
6.50%, 11/15/2036 #............................. 1,101
650 Viacom, Inc.,
6.25%, 04/30/2016 #............................. 659
----------
14,789
----------
TECHNOLOGY -- 1.8%
1,902 AT&T Corp.,
8.00%, 11/15/2031 #............................. 2,383
3,380 Cingular Wireless Services, Inc.,
8.75%, 03/01/2031 #............................. 4,423
3,285 Sprint Capital Corp.,
8.75%, 03/15/2032 #............................. 3,877
685 TCI Communications, Inc.,
8.75%, 08/01/2015 #............................. 822
1,954 Telecom Italia Capital,
7.20%, 07/18/2036 #............................. 2,090
2,075 Tele-Communications, Inc.,
7.88%, 08/01/2013 #............................. 2,328
2,410 Vodafone Group plc,
6.15%, 02/27/2037 #............................. 2,376
----------
18,299
----------
</Table>
The accompanying notes are an integral part of these financial statements.
250
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
CORPORATE BONDS: INVESTMENT GRADE -- (CONTINUED)
TRANSPORTATION -- 0.4%
$ 1,035 American Airlines, Inc.,
7.86%, 10/01/2011 #............................. $ 1,121
2,705 CSX Corp.,
6.75%, 03/15/2011 (G)........................... 2,839
----------
3,960
----------
UTILITIES -- 1.3%
2,014 Carolina Power & Light Co.,
5.25%, 12/15/2015 #............................. 2,003
2,375 Centerpoint Energy, Inc.,
6.85%, 06/01/2015 #............................. 2,521
565 Detroit Edison Co.,
6.13%, 10/01/2010 #............................. 582
1,065 Kinder Morgan Energy Partners L.P.,
6.50%, 02/01/2037 #............................. 1,076
2,690 Kinder Morgan Finance Co.,
5.70%, 01/05/2016 #............................. 2,576
1,170 Northern States Power Co.,
6.25%, 06/01/2036 #............................. 1,246
1,960 Peco Energy Corp.,
5.95%, 10/01/2036 #............................. 1,986
630 Puget Sound Energy, Inc.,
7.96%, 02/22/2010 #............................. 674
850 Texas-New Mexico Power Co.,
6.13%, 06/01/2008 #............................. 853
250 Westar Energy, Inc.,
5.15%, 01/01/2017 #............................. 237
----------
13,754
----------
Total corporate bonds: investment grade
(cost $199,866)................................. $ 200,436
----------
CORPORATE BONDS: NON-INVESTMENT GRADE -- 5.2%
BASIC MATERIALS -- 0.9%
1,250 Citigroup (JSC Severstal),
9.25%, 04/19/2014 (K)........................... $ 1,380
820 Evraz Group S.A.,
8.25%, 11/10/2015 (G)(I)........................ 851
830 Goodyear Tire & Rubber Co.,
9.14%, 12/01/2009 IL #(I)(L).................... 838
1,700 Goodyear Tire & Rubber Co.,
11.25%, 03/01/2011 #............................ 1,857
1,900 Potlatch Corp.,
13.00%, 12/01/2009 #(L)......................... 2,170
1,645 Stone Container,
8.00%, 03/15/2017 #(I).......................... 1,637
----------
8,733
----------
CAPITAL GOODS -- 0.4%
1,830 Bombardier, Inc.,
6.30%, 05/01/2014 #(I).......................... 1,766
1,219 L-3 Communications Corp.,
3.00%, 08/01/2035 (G)+.......................... 1,318
----------
3,084
----------
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT(B) VALUE (W)
- ----------- ----------
CONSUMER CYCLICAL -- 0.5%
$ 1,140 Aramark Corp.,
8.86%, 02/01/2015 #(I)(L)....................... $ 1,171
1,590 Group 1 Automotive, Inc.,
2.25%, 06/15/2036 #(L)+......................... 1,409
1,095 K. Hovnanian Enterprises, Inc.,
6.00%, 01/15/2010 #............................. 1,043
1,510 Supervalu, Inc.,
7.50%, 11/15/2014 #............................. 1,578
----------
5,201
----------
CONSUMER STAPLES -- 0.2%
800 JBS S.A.,
10.50%, 08/04/2016 (K).......................... 916
1,555 OJSC Myronivsky Hliboproduct,
10.25%, 11/30/2011 #(I)......................... 1,635
----------
2,551
----------
ENERGY -- 0.1%
816 Chesapeake Energy Corp.,
2.75%, 11/15/2035 +............................. 888
----------
FINANCE -- 0.6%
535 American Real Estate Partners L.P.,
7.13%, 02/15/2013 #............................. 527
1,000 ATF Bank,
9.00%, 05/11/2016 #(I).......................... 971
580 Drummond Co., Inc.,
7.38%, 02/15/2016 #(I).......................... 557
2,145 Ford Motor Credit Co.,
9.81%, 04/15/2012 #(L).......................... 2,293
2,240 General Motors Acceptance Corp.,
6.88%, 09/15/2011 #............................. 2,248
----------
6,596
----------
FOREIGN GOVERNMENTS -- 0.1%
955 Argentina (Republic of),
7.00%, 10/03/2015............................... 895
BRL 938 Brazil (Republic of),
12.50%, 01/05/2022.............................. 581
----------
1,476
----------
HEALTH CARE -- 0.2%
2,200 HCA, Inc.,
7.88%, 02/01/2011 #............................. 2,263
----------
SERVICES -- 0.3%
1,430 ISA Capital De Brasil S.A.,
8.80%, 01/30/2017 (G)(I)........................ 1,541
1,450 Liberty Media Corp.,
3.50%, 01/15/2031 #............................. 1,200
----------
2,741
----------
TECHNOLOGY -- 1.8%
2,200 Advanced Micro Devices, Inc.,
6.00%, 05/01/2015 #(I)+......................... 2,156
1,445 CSC Holdings, Inc.,
8.13%, 07/15/2009............................... 1,503
</Table>
The accompanying notes are an integral part of these financial statements.
251
THE HARTFORD TOTAL RETURN BOND FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
CORPORATE BONDS: NON-INVESTMENT GRADE -- (CONTINUED)
TECHNOLOGY -- (CONTINUED)
$ 455 CSC Holdings, Inc.,
8.13%, 08/15/2009 #............................. $ 473
1,085 Dobson Cellular Systems,
8.38%, 11/01/2011 #............................. 1,157
1,800 Freescale Semiconductor, Inc.,
10.13%, 12/15/2016 (G)(I)....................... 1,818
2,000 Intelsat Bermuda Ltd.,
9.25%, 06/15/2016 #............................. 2,200
1,590 Level 3 Financing, Inc.,
12.25%, 03/15/2013 #............................ 1,858
1,340 Nortel Networks Ltd.,
10.75%, 07/15/2016 #(I)......................... 1,508
1,105 NXP B.V./NXP Funding LLC,
8.11%, 10/15/2013 #(I)(L)....................... 1,141
1,750 Qwest Communications International, Inc.,
7.50%, 02/15/2014 (G)........................... 1,807
810 Vimpel Communications,
8.25%, 05/23/2016 #(I).......................... 869
1,940 Windstream Corp.,
8.63%, 08/01/2016 #............................. 2,128
----------
18,618
----------
UTILITIES -- 0.1%
855 Energipe Y Saelpa,
10.50%, 07/19/2013 #(I)......................... 970
----------
Total corporate bonds: non-investment grade
(cost $51,586).................................. $ 53,121
----------
<Caption>
CONTRACTS
- -----------
CALL OPTIONS PURCHASED -- 0.0%
ISSUER/EXPIRATION DATE/EXERCISE PRICE
-- US 10 Year Treasury Note, 05/28/2007, $110.00..... $ 4
----------
Total call options purchased
(cost $7)....................................... $ 4
----------
<Caption>
PRINCIPAL
AMOUNT
- -----------
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) -- 8.5%
BASIC MATERIALS -- 0.6%
$ 42 Coffeyville Resources,
8.25%, 12/21/2010 #(AA)......................... $ 43
219 Coffeyville Resources,
8.35%, 12/21/2013 #(N).......................... 221
1,294 Compass Minerals Group, Inc.,
6.85%, 12/22/2012 #(N).......................... 1,295
2,680 Georgia-Pacific Corp.,
7.09%, 02/14/2013 #(N).......................... 2,692
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
BASIC MATERIALS -- (CONTINUED)
$ 1,444 Huntsman International LLC,
7.07%, 04/23/2014 #(N).......................... $ 1,448
421 Tupperware Corp.,
6.84%, 11/07/2012 #(N).......................... 420
----------
6,119
----------
CONSUMER CYCLICAL -- 1.2%
6,444 Ford Motor Co.,
8.36%, 12/12/2013 (N)........................... 6,480
353 Invista B.V., Term Loan B1,
6.85%, 04/30/2010 #(N).......................... 353
353 Invista B.V., Term Loan B2,
6.85%, 04/30/2010 #(N).......................... 353
687 Masonite International Corp., Canadian Term Loan,
7.35%, 04/30/2010 #(N).......................... 674
685 Masonite International Corp., U.S. Term Loan,
7.35%, 04/30/2010 #(N).......................... 669
435 Oshkosh Truck Corp.,
7.10%, 12/06/2013 #(N).......................... 435
1,208 Supervalu, Inc.,
6.72%, 06/01/2011 #(N).......................... 1,208
1,044 Supervalu, Inc.,
6.84%, 05/30/2013 #(N).......................... 1,048
1,688 William Carter Co.,
6.85%, 07/14/2012 #(N).......................... 1,686
----------
12,906
----------
CONSUMER STAPLES -- 0.1%
52 Dole Food Co.,
7.23%, 04/12/2013 #(AA)......................... 52
384 Dole Food Co.,
7.46%, 04/12/2013 #(N).......................... 384
115 Dole Food Co.,
7.54%, 04/12/2013 #(N).......................... 115
----------
551
----------
FINANCE -- 1.0%
2,545 Ameritrade Holding Corp.,
6.82%, 12/31/2011 #(N).......................... 2,549
785 CB Richard Ellis Services, Inc.,
6.82%, 12/14/2013 #(N).......................... 787
2,275 Crescent Resources LLC,
8.32%, 09/07/2012 #(N).......................... 2,274
2,473 General Growth Properties,
6.57%, 02/24/2010 #(N).......................... 2,467
1,647 Nasdaq Stock Market, Inc., Term Loan B,
7.07%, 05/22/2012 #(N).......................... 1,650
804 Nasdaq Stock Market, Inc., Term Loan C,
7.07%, 05/22/2012 #(N).......................... 806
----------
10,533
----------
</Table>
The accompanying notes are an integral part of these financial statements.
252
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
SENIOR FLOATING RATE INTERESTS: NON-INVESTMENT GRADE (V) -- (continued)
HEALTH CARE -- 1.4%
$ 1,286 Carestream Health, Inc.,
7.36%, 04/12/2013 (Q)(AA)....................... $ 1,288
2,500 Community Health Systems, Inc.,
7.10%, 10/24/2014 (Q)(AA)....................... 2,488
1,594 Community Health Systems, Inc.,
9.36%, 08/19/2011 (N)........................... 1,597
568 DJ Orthopedics LLC,
6.88%, 04/07/2013 #(N).......................... 568
3,073 Fresenius Medical Care AG,
6.73%, 03/23/2012 #(N).......................... 3,067
2,609 HCA, Inc.,
7.60%, 11/17/2013 (N)........................... 2,637
2,125 Lifepoint Hospitals, Inc.,
6.99%, 04/15/2012 #(N).......................... 2,122
609 Ventiv Health, Inc.,
6.85%, 10/05/2011 #(N).......................... 608
----------
14,375
----------
SERVICES -- 2.5%
970 Allied Waste Industries, Inc.,
7.07%, 01/15/2012 #(AA)......................... 976
2,188 Allied Waste Industries, Inc.,
7.10%, 01/15/2012 #(N).......................... 2,199
1,786 Cedar Fair L.P.,
7.32%, 07/21/2013 #(N).......................... 1,802
2,000 Clarke American Corp.,
10.36%, 02/28/2017 (Q)(AA)...................... 1,987
2,137 Gray Television, Inc.,
6.85%, 12/31/2014 (N)(Q)........................ 2,134
4,000 Harrah's Entertainment, Inc.,
6.86%, 03/05/2008 (Q)(AA)....................... 3,990
4,759 MGM Mirage, Inc.,
6.41%, 10/03/2011 #(N).......................... 4,686
2,707 Regal Cinemas, Inc.,
7.10%, 11/10/2010 #(N).......................... 2,712
931 UPC Financing Partnership,
7.37%, 03/31/2013 #(N).......................... 932
931 UPC Financing Partnership,
7.37%, 12/31/2013 #(N).......................... 933
1,662 Weight Watchers International, Inc.,
6.63%, 01/24/2013 #(N).......................... 1,657
1,373 West Corp.,
7.75%, 10/23/2013 #(N).......................... 1,382
----------
25,390
----------
TECHNOLOGY -- 1.5%
1,003 Cincinnati Bell, Inc.,
6.82%, 08/31/2012 #(N).......................... 1,005
2,595 Idearc, Inc,
6.85%, 11/17/2013 #(N).......................... 2,598
2,123 Idearc, Inc.,
7.35%, 11/17/2014 #(N).......................... 2,136
1,554 Mediacom Broadband, Term Loan D1,
7.10%, 01/31/2015 #(N).......................... 1,553
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
TECHNOLOGY -- (CONTINUED)
$ 1,759 Mediacom Broadband, Term Loan D2,
7.10%, 01/31/2015 #(N).......................... $ 1,753
442 Mediacom LLC,
7.10%, 01/31/2015 #(N).......................... 442
1,649 Metro PCS Wireless, Inc.,
7.63%, 11/02/2013 #(N).......................... 1,661
3,820 R.H. Donnelly, Inc.,
6.85%, 06/30/2011 #(N).......................... 3,817
748 UGS Corp.,
7.07%, 03/31/2012 #(N).......................... 747
----------
15,712
----------
UTILITIES -- 0.2%
777 Mirant North America LLC,
7.07%, 01/03/2013 #(N).......................... 777
627 NRG Energy, Inc.,
7.35%, 01/27/2013 #(N).......................... 631
302 Pike Electric, Inc.,
7.13%, 07/01/2012 #(N).......................... 303
----------
1,711
----------
Total senior floating rate interests:
non-investment grade
(cost $87,323).................................. $ 87,297
----------
U.S. GOVERNMENT AGENCIES -- 36.4%
FEDERAL HOME LOAN MORTGAGE CORPORATION -- 17.1%
3,800 4.10% 2014 #...................................... $ 3,729
11,350 4.50% 2018 #...................................... 11,022
8,425 5.00% 2034 #...................................... 8,122
2,924 5.04% 2035 #(L)................................... 2,899
6,977 5.34% 2037 #(L)................................... 6,991
3,675 5.45% 2036 (L).................................... 3,678
12,108 5.48% 2036 #(L)................................... 12,149
75,643 5.50% 2033 -- 2036 (Q)............................ 74,800
3,044 5.58% 2036 #(L)................................... 3,055
47,597 6.00% 2032 -- 2036 (Q)............................ 48,030
----------
174,475
----------
FEDERAL NATIONAL MORTGAGE ASSOCIATION -- 13.5%
686 4.69% 2034 (L).................................... 680
2,621 4.71% 2035 (L).................................... 2,593
2,027 4.79% 2035 (L).................................... 2,005
7,630 4.88% 2008 -- 2035 #.............................. 7,609
761 4.91% 2035 (L).................................... 758
1,883 4.93% 2035 (L).................................... 1,878
40,106 5.00% 2018 -- 2037 (Q)............................ 39,154
1,293 5.09% 2035 (L).................................... 1,288
36,407 5.50% 2017 -- 2037 (Q)............................ 36,286
43,965 6.00% 2013 -- 2037 (Q)............................ 44,338
1,435 6.50% 2031 -- 2037 (Q)............................ 1,466
367 7.50% 2029 -- 2031................................ 385
----------
138,440
----------
</Table>
The accompanying notes are an integral part of these financial statements.
253
THE HARTFORD TOTAL RETURN BOND FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
U.S. GOVERNMENT AGENCIES -- (CONTINUED)
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION -- 3.5%
$ 4,929 5.50% 2033 -- 2035 (Q)............................ $ 4,910
26,949 6.00% 2032 -- 2037 #.............................. 27,314
3,508 6.50% 2028 -- 2032 #.............................. 3,625
----------
35,849
----------
SMALL BUSINESS ADMINISTRATION PARTICIPATION
CERTIFICATES -- 2.3%
1,354 5.12% 2026........................................ 1,348
1,017 5.23% 2027........................................ 1,019
6,647 5.32% 2027........................................ 6,694
2,758 5.36% 2026........................................ 2,784
2,016 5.37% 2026........................................ 2,036
2,246 5.54% 2026........................................ 2,286
1,850 5.57% 2026........................................ 1,886
1,803 5.64% 2026........................................ 1,845
2,169 5.70% 2026........................................ 2,222
1,722 6.14% 2022........................................ 1,775
----------
23,895
----------
Total U.S. government agencies
(cost $373,351)................................. $ 372,659
----------
U.S. GOVERNMENT SECURITIES -- 13.2%
FEDERAL HOME LOAN BANK -- 0.4%
3,680 5.25% 2008 #...................................... $ 3,692
----------
TENNESSEE VALLEY AUTHORITY -- 0.2%
8,800 4.75% 2025 #(M)................................... $ 2,359
----------
U.S. TREASURY SECURITIES -- 12.6%
9,420 2.38% 2011 (G)(O)................................. 9,791
15,370 3.88% 2009 (G)(O)................................. 19,710
57,358 4.00% 2014 (G).................................... 55,478
3,839 4.50% 2036 (G).................................... 3,640
18,291 4.63% 2011 -- 2017 (G)............................ 18,310
21,050 5.13% 2011 (G).................................... 21,536
----------
128,465
----------
Total U.S. government securities
(cost $134,167)................................. $ 134,516
----------
Total long-term investments
(cost $970,679)................................. $ 971,986
----------
SHORT-TERM INVESTMENTS -- 40.4%
CONSUMER STAPLES -- 0.8%
8,000 Cargill, Inc.,
5.25%, 05/14/2007............................... $ 7,984
----------
FINANCE -- 10.6%
6,000 American General Finance,
5.24%, 05/14/2007............................... 5,988
2,000 American Honda Finance Corp.,
5.24%, 05/10/20................................. 1,997
8,000 BNP Paribas Finance,
5.24%, 05/14/2007............................... 7,984
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
FINANCE -- (CONTINUED)
$ 8,000 Citigroup Funding, Inc.,
5.25%, 05/14/2007............................... $ 7,984
6,000 CS First Boston NY,
5.25%, 05/07/2007............................... 5,994
8,000 Danske Corp.,
5.24%, 05/14/2007............................... 7,984
8,000 Deutsche Bank,
5.26%, 05/14/2007............................... 7,984
4,000 Goldman Sachs Group, Inc.,
5.25%, 05/14/2007............................... 3,992
6,000 HSBC Finance Corp.,
5.24%, 05/14/2007............................... 5,988
4,000 Merrill Lynch & Co.,
5.25%, 05/14/2007............................... 3,992
4,000 Nationwide Building Society,
5.25%, 05/14/2007............................... 3,992
8,000 Nordea North America,
5.25%, 05/14/2007............................... 7,983
8,000 Rabobank USA,
5.24%, 05/03/2007............................... 7,996
8,000 Societe Generale NA,
5.25%, 05/14/2007............................... 7,983
65 State Street Bank Money Market.................... 65
4,000 Swedbank,
5.25%, 05/07/2007............................... 3,996
8,000 Toronto-Dominion Holdings,
5.26%, 05/14/2007............................... 7,983
8,000 UBS Finance LLC,
5.25%, 05/09/2007............................... 7,989
----------
107,874
----------
HEALTH CARE -- 0.8 %
8,000 Abbott Laboratories,
5.24%, 05/10/2007............................... 7,988
----------
REPURCHASE AGREEMENTS -- 13.7%
41,536 BNP Paribas Securities Corp. Repurchase Agreement,
5.10%, 05/01/2007............................... 41,536
49,215 RBS Greenwich Capital Markets Repurchase
Agreement,
5.10%, 05/01/2007............................... 49,215
49,843 UBS Securities, Inc. Repurchase Agreement,
5.10%, 05/01/2007............................... 49,843
----------
140,594
----------
<Caption>
SHARES
- -----------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 14.4%
CASH COLLATERAL REINVESTMENT FUND:
147,912 Navigator Prime Portfolio......................... 147,912
----------
</Table>
The accompanying notes are an integral part of these financial statements.
254
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ----------- ----------
U.S. TREASURY BILL -- 0.1%
$ 1,050 U.S. Treasury Bill,
4.88%, 06/14/2007 (M)(S)........................ $ 1,044
----------
Total short-term investments
(cost $413,396)................................. $ 413,396
----------
Total investments in securities
(cost $1,384,075) (C)........................... $1,385,382
==========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 5.90% of total net assets at April 30, 2007.
(A)The aggregate value of securities valued in good faith at fair value
by, or under the direction of, the Funds' Board of Directors at April 30,
2007, was $383, which represents 0.04% of total net assets.
(B)All principal amounts are in U.S. dollars unless otherwise indicated.
<Table>
BRL -- Brazilian Real
</Table>
(C)At April 30, 2007, the cost of securities for federal income tax
purposes was $1,384,353 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation......................... $ 5,453
Unrealized depreciation......................... (4,424)
-------
Net unrealized appreciation..................... $ 1,029
=======
</Table>
(G) Security is partially on loan at April 30, 2007.
# This security, or a portion of this security, has been segregated to
cover funding requirements on investment transactions settling in the
future.
(H)The following securities are considered illiquid. Illiquid securities
are often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD
ACQUIRED SHARES/PAR SECURITY COST BASIS
-------- ---------- -------- ----------
3/2006 289 Home Equity Asset Trust, 4.75%,
06/27/2035 - 144A $287
4/2005 12,535 Morgan Stanley Dean Witter
Capital I, 0.46%, 08/25/2032 -
144A --
4/2005-8/2006 4,620 Morgan Stanley Dean Witter
Capital I, 8.05%, 08/25/2032 -
Reg D 85
</Table>
The aggregate value of these securities at April 30, 2007 was $211,
which represents 0.02% of total net assets.
(I)Securities issued within terms of a private placement
memorandum, exempt from registration under Section 144A of the Securities Act of
1933, as amended, and may be sold only to qualified institutional buyers.
Pursuant to guidelines adopted by the Board of Directors, these issues are
determined to be liquid. The aggregate value of these securities at April
30, 2007, was $88,175, which represents 8.62% of total net assets.
(K) Securities contain some restrictions as to public resale. These
securities comply with Regulation S, rules governing offers and sales made
outside the United States without registration under the Securities Act of
1933, and are determined to be liquid. At April 30, 2007, the market value
of these securities amounted to $3,580 or 0.35% of total net assets.
(L)Variable rate securities; the rate reported is the coupon rate in
effect at April 30, 2007.
(M) The interest rate disclosed for these securities represents the
effective yield on the date of acquisition.
(N) The interest rate disclosed for these securities represents the
average coupon as of April 30, 2007.
(O)U.S. Treasury inflation-protection securities (TIPS) are securities
in which the principal amount is adjusted for inflation and the semiannual
interest payments equal a fixed percentage of the inflation-adjusted
principal amount.
(P) The interest rates disclosed for interest only strips represent
effective yields based upon estimated future cash flows at April 30, 2007.
(AA)The interest rate disclosed for these securities represents an
estimated average coupon as of April 30, 2007.
(Q)The cost of securities purchased on a when-issued or delayed
delivery basis at April 30, 2007 was $228,773.
(S)Security pledged as initial margin deposit for open futures contracts
at April 30, 2007.
FUTURES CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
NUMBER OF APPRECIATION
DESCRIPTION CONTRACTS* POSITION EXPIRATION (DEPRECIATION)
----------- ---------- -------- ---------- --------------
U.S. 2 Year Treasury Note 1,845 Long June 2007 $ 16
U.S. 5 Year Treasury Note 516 Long June 2007 (27)
U.S. 10 Year Treasury
Note 306 Long June 2007 115
U.S. Long Bond 628 Short June 2007 (182)
-----
$ (78)
=====
</Table>
* The number of contracts does not omit 000's.
The accompanying notes are an integral part of these financial statements.
255
THE HARTFORD TOTAL RETURN BOND FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
(V) Senior loans in which the Fund invests generally pay interest rates
which are periodically adjusted by reference to a base short-term, floating
lending rate plus a premium. These base lending rates are generally (i) the
lending rate offered by one or more major European banks, such as the
London Inter-Bank Offered Rate (LIBOR), (ii) the prime rate offered by one
or more major United States Banks, or (iii) the bank's certificate of
deposit rate. Senior floating rate interests often require prepayments from
excess cash flows or permit the borrower to repay at its election. The rate
at which the borrower repays cannot be predicted with accuracy. As a
result, the actual remaining maturity may be substantially less than the
stated maturities shown. The interest rate indicated is the rate in effect
at April 30, 2007.
+ Convertible debt security.
(W)See Note 2b of accompanying Notes to Financial Statements
regarding valuation of securities.
CREDIT DEFAULT SWAP AGREEMENTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
PAY/ UNREALIZED
REFERENCE BUY/SELL RECEIVE EXPIRATION NOTIONAL APPRECIATION
COUNTERPARTY ENTITY PROTECTION FIXED RATE DATE AMOUNT (DEPRECIATION)
- ------------ --------- ---------- ---------- ---------- -------- --------------
Lehman Brothers Special Financing,
Inc. HCA, Inc. Buy 2.70% 12/20/2010 $2,200 $ 46
Lehman Brothers Special Financing,
Inc. HCA, Inc. Sell 3.50% 12/20/2011 2,200 (60)
JP Morgan Chase Bank Republic of Turkey Sell 2.52% 4/20/2017 875 (21)
----
$(35)
====
</Table>
The accompanying notes are an integral part of these financial statements.
256
THE HARTFORD U.S. GOVERNMENT SECURITIES FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ----------
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -- 7.6%
FINANCE -- 7.6%
$ 2,100 Bayview Financial Acquisition Trust,
6.97%, 05/28/2037 (L)........................... $ 2,100
2,000 Countrywide Asset Backed Certificates,
5.76%, 06/25/2035............................... 2,000
2,000 Countrywide Asset Backed Certificates,
5.80%, 07/25/2034............................... 1,999
4,000 Merrill Lynch/Countrywide Commercial Mortgage
Trust,
5.46%, 07/12/2046 (L)........................... 3,999
687 Nationstar Home Equity Loan Trust,
9.97%, 03/25/2037 (I)(L)........................ 687
1,000 Option One Mortgage Loan Trust,
6.99%, 03/25/2037............................... 879
780 Renaissance Home Equity Loan Trust,
7.50%, 04/25/2037............................... 700
1,961 Spirit Master Funding LLC,
5.76%, 03/20/2024 (I)........................... 1,954
----------
Total asset & commercial
mortgage backed securities
(cost $14,342).................................. $ 14,318
----------
CORPORATE BONDS: INVESTMENT GRADE -- 0.2%
FINANCE -- 0.2%
500 North Street Referenced Linked Notes,
6.41%, 07/30/2010 (I)(L)........................ $ 435
----------
Total corporate bonds: investment grade
(cost $434)..................................... $ 435
----------
U.S. GOVERNMENT SECURITIES -- 7.0%
OTHER DIRECT FEDERAL OBLIGATIONS -- 3.6%
6,650 Federal Home Loan Bank 5.125% 2013................ $ 6,737
----------
U.S. TREASURY SECURITIES -- 3.4%
6,100 2.04% 2010 (O)(G)................................. 6,344
----------
Total U.S. government securities
(cost $12,986).................................. $ 13,081
----------
U.S. GOVERNMENT AGENCIES -- 82.3%
FEDERAL HOME LOAN MORTGAGE CORPORATION -- 20.0%
MORTGAGE BACKED SECURITIES:
9,923 6.00% 2032 -- 2037................................ $ 10,013
65 7.00% 2029 -- 2031................................ 68
99 9.00% 2022........................................ 108
56 11.50% 2015 -- 2019............................... 60
33 11.75% 2011....................................... 35
7 12.50% 2019....................................... 8
----------
10,292
----------
REMIC -- PAC'S:
26,644 6.00% 2032........................................ 27,188
----------
37,480
----------
</Table>
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ----------
FEDERAL NATIONAL MORTGAGE ASSOCIATION -- 42.9%
MORTGAGE BACKED SECURITIES:
$ 10,725 5.484% 2036....................................... $ 10,818
16,169 5.50% 2015 -- 2037................................ 15,979
21,258 6.00% 2016 -- 2036................................ 21,439
1,288 6.01% 2009........................................ 1,296
4,999 6.02% 2037 (L).................................... 5,079
8,302 6.50% 2013 -- 2037................................ 8,463
57 7.50% 2030........................................ 59
19 8.00% 2025........................................ 21
49 8.50% 2022........................................ 52
39 9.00% 2020........................................ 43
11 9.75% 2020........................................ 11
81 10.00% 2020....................................... 90
34 10.50% 2012 -- 2018............................... 38
4 10.75% 2013....................................... 4
136 11.00% 2015 -- 2020............................... 149
28 11.25% 2013....................................... 28
7 11.50% 2015....................................... 7
18 12.00% 2014....................................... 20
53 12.50% 2015....................................... 58
----------
63,654
----------
NOTES:
4,000 5.00% 2012 (G).................................... 4,027
10,500 6.25% 2029........................................ 11,891
----------
15,918
----------
REMIC-PAC'S:
1,003 6.50% 2012........................................ 1,019
----------
80,591
----------
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION -- 8.4%
MORTGAGE BACKED SECURITIES:
399 6.00% 2034........................................ 404
3,444 6.50% 2031 -- 2032................................ 3,555
42 7.00% 2030........................................ 44
109 8.00% 2022........................................ 116
384 9.50% 2016 -- 2019................................ 418
25 11.00% 2015 -- 2018............................... 28
----------
4,565
----------
REMIC-PAC'S:
10,000 6.00% 2032........................................ 10,186
1,000 6.50% 2031........................................ 1,039
----------
11,225
----------
15,790
----------
OTHER GOVERNMENT AGENCIES -- 11.1%
SMALL BUSINESS ADMINISTRATION PARTICIPATION CERTIFICATES:
1,499 5.49% 2027........................................ 1,522
1,482 5.54% 2026........................................ 1,509
2,765 5.66% 2022........................................ 2,818
1,886 5.70% 2026........................................ 1,933
1,241 5.78% 2021........................................ 1,268
3,679 5.82% 2026........................................ 3,790
2,735 5.98% 2022........................................ 2,802
</Table>
The accompanying notes are an integral part of these financial statements.
257
THE HARTFORD U.S. GOVERNMENT SECURITIES FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- ---------- ----------
U.S. GOVERNMENT AGENCIES -- (CONTINUED)
OTHER GOVERNMENT AGENCIES -- (CONTINUED)
$ 2,374 6.07% 2026........................................ $ 2,472
2,699 6.14% 2022........................................ 2,783
----------
20,897
----------
Total U.S. government agencies
(cost $153,074)................................. $ 154,758
----------
Total long-term investments
(cost $180,836)................................. $ 182,592
----------
SHORT-TERM INVESTMENTS -- 7.5%
REPURCHASE AGREEMENTS -- 2.1%
1,156 BNP Paribas Securities Corp. Repurchase Agreement,
5.10%, 05/01/2007............................... $ 1,156
1,370 RBS Greenwich Capital Markets,
5.10%, 05/01/2007............................... 1,370
1,387 UBS Securities, Inc. Repurchase Agreement,
5.10%, 05/01/2007............................... 1,387
----------
3,913
----------
<Caption>
SHARES
- ----------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 5.2%
CASH COLLATERAL REINVESTMENT FUND:
9,748 Navigator Prime Portfolio......................... 9,748
----------
<Caption>
PRINCIPAL
AMOUNT
- ----------
U.S. TREASURY SECURITIES -- 0.2%
$ 350 U.S. Treasury Bill,
5.06%, 06/14/2007 (M)(S)........................ 348
----------
Total short-term investments
(cost $14,009).................................. $ 14,009
----------
Total investments in securities
(cost $194,845) (C)............................. $ 196,601
==========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets.
(C) At April 30, 2007, the cost of securities for federal income tax purposes
was $194,854 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation............................. $1,867
Unrealized depreciation............................. (120)
------
Net unrealized appreciation......................... $1,747
======
</Table>
(G) Security is partially on loan at April 30, 2007.
(I) Securities issued within terms of a private placement memorandum, exempt
from registration under Section 144A of the Securities Act of 1933, as
amended, and may be sold only to qualified institutional buyers. Pursuant
to guidelines adopted by the Board of Directors, these issues are
determined to be liquid. The aggregate value of these securities at April
30, 2007, was $3,076, which represents 1.64% of total net assets.
(L) Variable rate securities; the rate reported is the coupon rate in effect
at April 30, 2007.
(M) The interest rate disclosed for these securities represents the effective
yield on the date of acquisition.
(O) U.S. Treasury inflation-protection securities (TIPS) are securities in
which the principal amount is adjusted for inflation and the semiannual
interest payments equal a fixed percentage of the inflation-adjusted
principal amount.
(S) Security pledged as initial margin deposit for open futures contracts at
April 30, 2007.
FUTURES CONTRACTS OUTSTANDING AT APRIL 30, 2007
<Table>
<Caption>
UNREALIZED
NUMBER OF APPRECIATION
DESCRIPTION CONTRACTS* POSITION EXPIRATION (DEPRECIATION)
----------- ---------- -------- ---------- --------------
CBT 2 Year U.S. Treasury
Note 20 Long June 2007 $ 2
CBT 5 Year U.S. Treasury
Note 396 Long June 2007 10
CBT 10 Year U.S.
Treasury Note 12 Short June 2007 (5)
CBT U.S. Long Bond 41 Short June 2007 (4)
---
$ 3
===
</Table>
* The number of contracts does not omit 000's.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
The accompanying notes are an integral part of these financial statements.
258
THE HARTFORD VALUE FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 98.7%
BASIC MATERIALS -- 5.4%
110 Agrium, Inc. ..................................... $ 4,245
126 Cameco Corp. ..................................... 5,888
71 Dow Chemical Co. ................................. 3,172
93 E.I. DuPont de Nemours & Co. (G).................. 4,593
44 Kimberly-Clark Corp. ............................. 3,096
--------
20,994
--------
CAPITAL GOODS -- 7.4%
111 American Standard Cos., Inc. ..................... 6,084
48 Deere & Co. ...................................... 5,207
83 Goodrich Corp. ................................... 4,706
60 National Oilwell Varco, Inc. (D)(G)............... 5,049
87 Pitney Bowes, Inc. ............................... 4,181
37 Textron, Inc. .................................... 3,762
--------
28,989
--------
CONSUMER CYCLICAL -- 8.5%
78 Altria Group, Inc. ............................... 5,383
88 Federated Department Stores, Inc. ................ 3,847
173 Gap, Inc. ........................................ 3,113
132 Kroger Co. ....................................... 3,892
81 McDonald's Corp. ................................. 3,930
166 Safeway, Inc. .................................... 6,040
153 Supervalu, Inc. .................................. 7,004
--------
33,209
--------
CONSUMER STAPLES -- 5.9%
36 Colgate-Palmolive Co. ............................ 2,452
100 Kellogg Co. ...................................... 5,280
54 Kraft Foods, Inc. ................................ 1,809
121 PepsiCo, Inc. .................................... 8,023
263 Tyson Foods, Inc. Class A......................... 5,502
--------
23,066
--------
ENERGY -- 11.5%
53 Chevron Corp. .................................... 4,123
57 ConocoPhillips Holding Co. ....................... 3,953
232 Exxon Mobil Corp. ................................ 18,384
50 GlobalSantaFe Corp. .............................. 3,171
134 Newfield Exploration Co. (D)...................... 5,880
119 Occidental Petroleum Corp. ....................... 6,023
69 XTO Energy, Inc. ................................. 3,761
--------
45,295
--------
FINANCE -- 30.0%
41 ACE Ltd. ......................................... 2,432
77 Aetna, Inc. ...................................... 3,600
100 Allstate Corp. ................................... 6,244
90 American International Group, Inc. ............... 6,278
306 Bank of America Corp. ............................ 15,580
100 Bank of New York Co., Inc. ....................... 4,044
94 Chubb Corp. ...................................... 5,071
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
FINANCE -- (CONTINUED)
270 Citigroup, Inc. .................................. $ 14,488
30 Goldman Sachs Group, Inc. ........................ 6,536
288 Host Hotels & Resorts, Inc. (G)................... 7,376
208 JP Morgan Chase & Co. ............................ 10,843
52 Nuveen Investments, Inc. Class A (G).............. 2,772
51 PNC Financial Services Group, Inc. ............... 3,764
110 State Street Corp. ............................... 7,583
113 U.S. Bancorp...................................... 3,871
88 UBS AG............................................ 5,737
80 Wachovia Corp. ................................... 4,433
43 Wellpoint, Inc. (D)............................... 3,404
102 Wells Fargo & Co. ................................ 3,650
--------
117,706
--------
HEALTH CARE -- 6.9%
69 Abbott Laboratories............................... 3,878
103 Baxter International, Inc. ....................... 5,839
75 Bristol-Myers Squibb Co. ......................... 2,170
214 CVS/Caremark Corp. ............................... 7,759
134 Wyeth............................................. 7,409
--------
27,055
--------
SERVICES -- 2.7%
119 Comcast Corp. Class A (D)(G)...................... 3,179
688 Sun Microsystems, Inc. (D)........................ 3,591
190 Time Warner, Inc. ................................ 3,916
--------
10,686
--------
TECHNOLOGY -- 14.3%
348 AT&T, Inc. ....................................... 13,489
7 Beckman Coulter, Inc. (G)......................... 465
154 Cisco Systems, Inc. (D)........................... 4,118
183 Corning, Inc. (D)................................. 4,331
260 EMC Corp. (D)..................................... 3,942
306 General Electric Co. ............................. 11,294
124 Hewlett-Packard Co. .............................. 5,209
163 Nokia Corp. (D)(G)................................ 4,103
243 Verizon Communications, Inc. ..................... 9,262
--------
56,213
--------
TRANSPORTATION -- 2.1%
107 General Dynamics Corp. ........................... 8,431
--------
UTILITIES -- 4.0%
39 Entergy Corp. .................................... 4,435
75 Exelon Corp. ..................................... 5,641
65 FPL Group, Inc. (G)............................... 4,191
31 SCANA Corp. ...................................... 1,363
--------
15,630
--------
Total common stock
(cost $332,114)................................. $387,274
--------
</Table>
The accompanying notes are an integral part of these financial statements.
259
THE HARTFORD VALUE FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
PRINCIPAL MARKET
AMOUNT VALUE (W)
- --------- ---------
SHORT-TERM INVESTMENTS -- 7.7%
REPURCHASE AGREEMENTS -- 0.7%
$ 911 Banc of America Securities TriParty Joint
Repurchase Agreement,
5.24%, 05/01/2007............................... $ 911
337 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 337
11 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 11
452 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 452
1,032 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 1,032
--------
2,743
--------
<Caption>
SHARES
- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 7.0%
CASH COLLATERAL REINVESTMENT FUND:
27,641 BNY Institutional Cash Reserve Fund............... $ 27,641
--------
Total short-term investments
(cost $30,384).................................. $ 30,384
--------
Total investments in securities
(cost $362,498) (C)............................. $417,658
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 5.09% of total net assets at April 30, 2007.
(C) At April 30, 2007, the cost of securities for federal income tax purposes
was $362,651 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation......................... $55,402
Unrealized depreciation......................... (395)
-------
Net unrealized appreciation..................... $55,007
=======
</Table>
(D) Currently non-income producing.
(G) Security is partially on loan at April 30, 2007.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
The accompanying notes are an integral part of these financial statements.
260
THE HARTFORD VALUE OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- 97.8%
BASIC MATERIALS -- 8.0%
148 Alcoa, Inc. ...................................... $ 5,253
83 Arch Coal, Inc. .................................. 3,005
27 Celanese Corp. ................................... 911
134 Chemtura Corp. ................................... 1,482
28 Cytec Industries, Inc. ........................... 1,543
25 E.I. DuPont de Nemours & Co. ..................... 1,239
7 FMC Corp. ........................................ 560
7 Mueller Water Products, Inc. (G).................. 101
46 Mueller Water Products, Inc. Class B.............. 658
106 Owens-Illinois, Inc. (D).......................... 3,174
101 Smurfit-Stone Container Corp. (D)................. 1,217
--------
19,143
--------
CAPITAL GOODS -- 6.4%
17 Alliant Techsystems, Inc. (D)..................... 1,602
23 Deere & Co. ...................................... 2,538
117 Goodrich Corp. ................................... 6,622
34 Kennametal, Inc. ................................. 2,413
31 Varian Semiconductor Equipment Associates, Inc.
(D)............................................. 2,074
--------
15,249
--------
CONSUMER CYCLICAL -- 7.7%
78 American Axle & Manufacturing Holdings, Inc.
(G)............................................. 2,191
97 Circuit City Stores, Inc. ........................ 1,698
40 Copart, Inc. (D).................................. 1,145
154 Foot Locker, Inc. ................................ 3,664
88 Ford Motor Co. ................................... 704
62 Home Depot, Inc. ................................. 2,352
25 MDC Holdings, Inc. ............................... 1,266
126 Ruby Tuesday, Inc. (G)............................ 3,369
52 TRW Automotive Holdings Corp. (D)................. 1,920
--------
18,309
--------
CONSUMER STAPLES -- 3.3%
69 Avon Products, Inc. .............................. 2,726
2,468 Marine Harvest (D)(A)(G).......................... 2,636
83 Unilever N.V. NY Shares........................... 2,516
--------
7,878
--------
ENERGY -- 9.2%
227 Brasil EcoDiesel Industria (D).................... 1,039
42 Exxon Mobil Corp. ................................ 3,310
24 GlobalSantaFe Corp. .............................. 1,534
36 Newfield Exploration Co. (D)...................... 1,579
29 Noble Corp. ...................................... 2,434
39 Noble Energy, Inc. ............................... 2,282
37 Petro-Canada...................................... 1,636
136 Talisman Energy, Inc. ............................ 2,586
69 Total S.A. ADR.................................... 5,065
23 UGI Corp. ........................................ 647
--------
22,112
--------
</Table>
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
FINANCE -- 27.2%
122 ACE Ltd. ......................................... $ 7,248
48 Aetna, Inc. ...................................... 2,227
21 AMBAC Financial Group, Inc. ...................... 1,955
41 American International Group, Inc. ............... 2,873
149 Apollo Investment Corp. .......................... 3,272
200 Bank of America Corp. ............................ 10,197
103 Capital One Financial Corp. ...................... 7,671
23 CIT Group, Inc. .................................. 1,396
35 Commerce Bancorp, Inc. ........................... 1,164
156 E*Trade Financial Corp. (D)....................... 3,440
30 Everest Re Group Ltd. ............................ 3,009
144 Genesis Lease Ltd. ............................... 3,893
39 KKR Financial Corp. .............................. 1,036
131 PennantPark Investment Corp. (D).................. 1,965
63 Platinum Underwriters Holdings Ltd. .............. 2,170
158 Royal Bank of Scotland Group plc (A).............. 6,048
72 UBS AG............................................ 4,666
33 Unum Group........................................ 819
--------
65,049
--------
HEALTH CARE -- 7.7%
45 Alkermes, Inc. (D)................................ 738
19 Astellas Pharma, Inc. (A)......................... 831
43 Bristol-Myers Squibb Co. ......................... 1,227
49 Cooper Co., Inc. ................................. 2,509
265 Impax Laboratories, Inc. (D)(G)................... 2,671
43 Sanofi-Aventis S.A. (A)(G)........................ 3,962
58 Sanofi-Aventis S.A. ADR........................... 2,646
69 Wyeth............................................. 3,835
--------
18,419
--------
SERVICES -- 6.8%
98 Avis Budget Group, Inc. .......................... 2,751
214 BearingPoint, Inc. (D)............................ 1,570
48 CACI International, Inc. Class A (D).............. 2,181
136 Comcast Corp. Special Class A (D)................. 3,596
58 Entercom Communications Corp. .................... 1,612
42 R.H. Donnelley Corp. (D).......................... 3,272
95 Unisys Corp. (D).................................. 746
12 Viacom, Inc. Class B (D).......................... 512
--------
16,240
--------
TECHNOLOGY -- 19.1%
72 Arrow Electronics, Inc. (D)....................... 2,853
257 Cinram International Income Fund.................. 5,770
255 Cisco Systems, Inc. (D)........................... 6,813
7 Embarq Corp. ..................................... 418
62 Fairchild Semiconductor International, Inc. (D)... 1,091
57 First Data Corp. ................................. 1,834
186 Flextronics International Ltd. (D)................ 2,073
110 Microsoft Corp. .................................. 3,278
25 NCR Corp. (D)..................................... 1,280
138 Powerwave Technologies, Inc. (D)(G)............... 862
77 QLogic Corp. (D).................................. 1,384
92 Seagate Technology................................ 2,040
74 Solar Cayman Ltd. (A)(D)(H)....................... 1,103
</Table>
The accompanying notes are an integral part of these financial statements.
261
THE HARTFORD VALUE OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MARKET
SHARES VALUE (W)
- --------- ---------
COMMON STOCK -- (CONTINUED)
TECHNOLOGY -- (CONTINUED)
250 Sprint Nextel Corp. .............................. $ 5,008
155 Symantec Corp. (D)................................ 2,732
25 Tektronix, Inc. .................................. 744
92 Telefonaktiebolaget LM Ericsson ADR............... 3,519
40 Texas Instruments, Inc. .......................... 1,371
56 Virgin Media, Inc. ............................... 1,415
--------
45,588
--------
TRANSPORTATION -- 2.4%
50 U.S. Airways Group, Inc. (D)(J)................... 1,837
115 UAL Corp. (D)(G).................................. 3,828
--------
5,665
--------
Total common stock
(cost $198,789)................................. $233,652
--------
<Caption>
PRINCIPAL
AMOUNT
- ---------
SHORT-TERM INVESTMENTS -- 6.7%
REPURCHASE AGREEMENTS -- 1.6%
$ 1,261 Banc of America Securities TriParty Joint
Repurchase Agreement,
5.24%, 05/01/2007............................... $ 1,261
467 BNP Paribas Securities Corp. TriParty Joint
Repurchase Agreement,
5.23%, 05/01/2007............................... 467
15 Deutsche Bank Securities Joint Repurchase
Agreement,
5.10%, 05/01/2007............................... 15
626 Deutsche Bank Securities TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 626
1,429 UBS Securities, Inc. TriParty Joint Repurchase
Agreement,
5.24%, 05/01/2007............................... 1,429
--------
3,798
--------
<Caption>
SHARES
- ---------
SECURITIES PURCHASED WITH PROCEEDS FROM SECURITY
LENDING -- 5.1%
CASH COLLATERAL REINVESTMENT FUND:
12,097 BNY Institutional Cash Reserve Fund............... 12,097
--------
Total short-term investments
(cost $15,895).................................. $ 15,895
--------
Total investments in securities
(cost $214,684) (C)............................. $249,547
========
</Table>
Note: Percentage of investments as shown is the ratio of the total market value
to total net assets. Market value of investments in foreign securities
represents 19.60% of total net assets at April 30, 2007.
(A) The aggregate value of securities valued in good faith at fair value by,
or under the direction of, the Funds' Board of Directors at April 30,
2007, was $14,580, which represents 6.11% of total net assets.
(C) At April 30, 2007, the cost of securities for federal income tax purposes
was $215,211 and the aggregate gross unrealized appreciation and
depreciation based on that cost were:
<Table>
Unrealized appreciation......................... $35,770
Unrealized depreciation......................... (1,434)
-------
Net unrealized appreciation..................... $34,336
=======
</Table>
(D) Currently non-income producing.
(G) Security is partially on loan at April 30, 2007.
(H) The following securities are considered illiquid. Illiquid securities are
often purchased in private placement transactions, are not registered
under the Securities Act of 1933 and may have contractual restrictions on
resale. A security may also be considered illiquid if the security lacks a
readily available market or if its valuation has not changed for a certain
period of time.
<Table>
<Caption>
PERIOD
ACQUIRED SHARES/PAR SECURITY COST BASIS
-------- ---------- -------- ----------
3/2007 74 Solar Cayman Ltd. $1,103
</Table>
The aggregate value of these securities at April 30, 2007 was
$1,103, which represents 0.46% of total net assets.
(J) Securities exempt from registration under Regulation D of the Securities
Act of 1933. These securities are determined to be liquid. At April 30,
2007, the market value of these securities was $1,837, which represents
0.77% of total net assets.
(W) See Note 2b of accompanying Notes to Financial Statements regarding
valuation of securities.
The accompanying notes are an integral part of these financial statements.
262
(This page intentionally left blank)
263
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF ASSETS AND LIABILITIES
APRIL 30, 2007 (UNAUDITED) (000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
BALANCED
ADVISERS ALLOCATION
FUND FUND*
------------- -------------
ASSETS:
Investments in securities, at value; (amortized cost for
Money Market)@........................................... $ 1,758,989 $ 862,449
Cash....................................................... 39 --
Foreign currency on deposit with custodian#................ -- --
Unrealized appreciation in forward foreign currency
contracts................................................ 15 --
Receivables:
Investment securities sold............................... 40,897 --
Fund shares sold......................................... 360 2,111
Dividends and interest................................... 6,030 1,602
Variation margin......................................... -- --
Purchased swap contracts................................... -- --
Other assets............................................... 112 166
------------- -------------
Total assets................................................ 1,806,442 866,328
------------- -------------
LIABILITIES:
Unrealized depreciation on forward foreign currency
contracts................................................ -- --
Bank overdraft -- U.S. Dollars............................. -- --
Bank overdraft -- foreign cash............................. -- --
Payable upon return of securities loaned (Note 2d)......... 153,701 --
Payables:
Investment securities purchased.......................... 20,394 320
Fund shares redeemed..................................... 4,028 1,546
Investment advisory and management fees (Note 3)......... 169 18
Dividends................................................ -- --
Distribution fees (Note 3)............................... 129 76
Reverse repurchase agreements (Note 2g).................. -- --
Variation margin......................................... -- --
Accrued interest expense................................... -- --
Accrued expenses........................................... 725 122
Written options and swap contracts......................... -- --
------------- -------------
Total liabilities........................................... 179,146 2,082
------------- -------------
Net assets.................................................. $ 1,627,296 $ 864,246
============= =============
SUMMARY OF NET ASSETS:
Capital stock and paid-in-capital........................... $ 1,455,492 $ 771,563
Accumulated undistributed (distribution in excess of ) net
investment income (loss)................................... 2,646 (6,072)
Accumulated net realized gain (loss) on investments and
foreign currency transactions.............................. 83,523 48,961
Unrealized appreciation (depreciation) of investments and
the translations of assets and liabilities denominated in
foreign currency........................................... 85,635 49,794
------------- -------------
Net assets.................................................. $ 1,627,296 $ 864,246
============= =============
Shares authorized........................................... 910,000 500,000
------------- -------------
Par value................................................... 0.001 0.001
------------- -------------
CLASS A: Net asset value per share/Maximum offering price
per share.......................................... $17.71/$18.74 $12.36/$13.08
------------- -------------
Shares outstanding................................... 62,275 43,182
------------- -------------
Net assets........................................... $ 1,103,193 $ 533,627
------------- -------------
CLASS B: Net asset value per share.......................... $ 17.54 $ 12.32
------------- -------------
Shares outstanding................................... 16,645 10,022
------------- -------------
Net assets........................................... $ 291,940 $ 123,526
------------- -------------
CLASS C: Net asset value per share.......................... $ 17.71 $ 12.32
------------- -------------
Shares outstanding................................... 12,023 16,712
------------- -------------
Net assets........................................... $ 212,926 $ 205,885
------------- -------------
CLASS I: Net asset value per share/Maximum offering price
per share.......................................... $ -- $ 12.35
------------- -------------
Shares outstanding................................... -- 95
------------- -------------
Net assets........................................... $ -- $ 1,178
------------- -------------
CLASS L: Net asset value per share.......................... $ -- $ --
------------- -------------
Shares outstanding................................... -- --
------------- -------------
Net assets........................................... $ -- $ --
------------- -------------
CLASS R3: Net asset value per share......................... $ 17.89 $ 12.35
------------- -------------
Shares outstanding................................... 1 1
------------- -------------
Net assets........................................... $ 10 $ 10
------------- -------------
CLASS R4: Net asset value per share......................... $ 17.89 $ 12.36
------------- -------------
Shares outstanding................................... 1 1
------------- -------------
Net assets........................................... $ 10 $ 10
------------- -------------
CLASS R5: Net asset value per share......................... $ 17.90 $ 12.36
------------- -------------
Shares outstanding................................... 1 1
------------- -------------
Net assets........................................... $ 11 $ 10
------------- -------------
CLASS Y: Net asset value per share.......................... $ 17.90 $ --
------------- -------------
Shares outstanding................................... 1,073 --
------------- -------------
Net assets........................................... $ 19,206 $ --
------------- -------------
@ Cost of securities........................................ $ 1,673,353 $ 812,655
------------- -------------
@ Market value of securities on loan........................ $ 150,003 $ --
------------- -------------
# Cost of foreign currency on deposit with custodian....... $ -- $ --
------------- -------------
</Table>
* Relates to investments in affiliated investment companies.
+ Formally known as Aggressive Growth Allocation Fund.
The accompanying notes are an integral part of these financial statements.
264
- --------------------------------------------------------------------------------
<Table>
<Caption>
BALANCED CAPITAL CAPITAL CONSERVATIVE DISCIPLINED DIVIDEND EQUITY GROWTH EQUITY
INCOME APPRECIATION APPRECIATION II ALLOCATION EQUITY AND GROWTH ALLOCATION INCOME
FUND FUND FUND FUND* FUND FUND FUND*+ FUND
------------- ------------- --------------- ------------- ------------- ------------- -------------- -------------
$ 28,015 $ 18,111,131 $ 818,706 $ 172,416 $ 371,383 $ 4,422,521 $ 252,885 $ 965,876
1 -- 536 -- 730 1,609 -- 1
1 10,059 -- -- -- -- -- --
-- -- 7 -- -- -- -- --
135 90,706 7,373 119 -- 1,065 -- 8,066
218 47,081 16,085 695 804 7,830 854 2,315
207 18,900 777 481 247 4,314 -- 1,019
3 -- -- -- -- -- -- --
-- -- -- -- -- -- -- --
41 1,062 188 106 118 248 156 148
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
28,621 18,278,939 843,672 173,817 373,282 4,437,587 253,895 977,425
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
-- 30,633 -- -- -- -- -- --
-- 59 -- -- -- -- -- --
-- -- -- -- -- -- -- --
-- 953,537 49,962 -- 25,405 529,478 -- 50,533
760 107,726 14,637 -- -- 14,041 353 --
36 24,333 1,303 515 701 5,149 657 864
3 1,871 120 4 46 402 6 115
-- -- -- -- -- -- -- --
2 1,371 65 15 18 248 23 48
-- -- -- -- -- -- -- --
-- -- -- -- -- -- -- --
-- -- -- -- -- -- -- --
5 4,000 103 27 131 968 51 150
-- -- -- -- 38 -- -- --
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
806 1,123,530 66,190 561 26,339 550,286 1,090 51,710
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 27,815 $ 17,155,409 $ 777,482 $ 173,256 $ 346,943 $ 3,887,301 $ 252,805 $ 925,715
============= ============= ============= ============= ============= ============= ============= =============
$ 26,432 $ 13,943,742 $ 690,118 $ 161,419 $ 322,264 $ 2,932,987 $ 211,794 $ 766,555
66 13,165 (680) (508) 259 4,755 (2,910) 1,409
88 868,066 23,707 6,522 (34,928) 80,123 19,712 10,595
1,229 2,330,436 64,337 5,823 59,348 869,436 24,209 147,156
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 27,815 $ 17,155,409 $ 777,482 $ 173,256 $ 346,943 $ 3,887,301 $ 252,805 $ 925,715
============= ============= ============= ============= ============= ============= ============= =============
800,000 1,215,000 1,000,000 500,000 450,000 700,000 500,000 500,000
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.001
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$10.92/$11.56 $39.33/$41.62 $14.52/$15.37 $11.25/$11.90 $14.34/$15.17 $22.08/$23.37 $14.06/$14.88 $14.72/$15.58
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
2,282 276,804 31,865 9,483 12,980 136,539 10,581 45,610
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 24,920 $ 10,885,348 $ 462,523 $ 106,703 $ 186,122 $ 3,014,547 $ 148,750 $ 671,200
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 10.90 $ 35.64 $ 14.29 $ 11.25 $ 13.66 $ 21.74 $ 13.97 $ 14.68
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
97 55,575 4,206 2,062 2,480 18,079 2,927 3,505
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 1,058 $ 1,980,702 $ 60,123 $ 23,191 $ 33,879 $ 392,994 $ 40,898 $ 51,445
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 10.89 $ 35.82 $ 14.32 $ 11.24 $ 13.68 $ 21.69 $ 13.96 $ 14.69
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
158 99,049 15,362 3,537 2,039 16,231 4,516 4,833
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 1,725 $ 3,547,615 $ 219,908 $ 39,765 $ 27,887 $ 352,106 $ 63,064 $ 71,025
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 39.12 $ 14.55 $ 11.24 $ -- $ 22.02 $ 14.07 $ 14.68
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
-- 1,603 2,378 317 -- 31 4 42
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 62,704 $ 34,605 $ 3,567 $ -- $ 687 $ 61 $ 620
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ -- $ -- $ -- $ -- $ -- $ -- $ --
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
-- -- -- -- -- -- -- --
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ -- $ -- $ -- $ -- $ -- $ -- $ --
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 41.81 $ 14.59 $ 11.24 $ 14.76 $ 22.33 $ 14.04 $ 14.77
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
-- 1 11 1 1 -- 1 1
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 35 $ 166 $ 10 $ 11 $ 11 $ 10 $ 10
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 41.85 $ 14.60 $ 11.25 $ 14.78 $ 22.34 $ 14.06 $ 14.77
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
-- -- 1 1 1 -- 1 1
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 10 $ 11 $ 10 $ 11 $ 11 $ 11 $ 10
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 41.90 $ 14.62 $ 11.25 $ 14.80 $ 22.35 $ 14.08 $ 14.78
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
-- -- 1 1 1 -- 1 1
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 10 $ 11 $ 10 $ 11 $ 11 $ 11 $ 11
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 10.93 $ 41.93 $ 14.63 $ -- $ 14.81 $ 22.35 $ -- $ 14.78
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
10 16,193 9 -- 6,688 5,679 -- 8,888
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 112 $ 678,985 $ 135 $ -- $ 99,022 $ 126,934 $ -- $ 131,394
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 26,787 $ 15,749,951 $ 754,374 $ 166,593 $ 312,069 $ 3,553,085 $ 228,676 $ 818,720
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 923,838 $ 48,080 $ -- $ 24,184 $ 505,667 $ -- $ 48,878
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 1 $ 10,110 $ -- $ -- $ -- $ -- $ -- $ --
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
</Table>
265
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF ASSETS AND LIABILITIES -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED) (000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
FLOATING FUNDAMENTAL
RATE GROWTH
FUND FUND>
------------- -------------
ASSETS:
Investments in securities, at value; (amortized cost for
Money Market)@........................................... $ 4,698,705 $ 70,223
Cash....................................................... -- 1
Foreign currency on deposit with custodian#................ -- --
Unrealized appreciation in forward foreign currency
contracts................................................ -- --
Receivables:
Investment securities sold............................... 24,330 1,377
Fund shares sold......................................... 116,571 56
Dividends and interest................................... 35,846 77
Variation margin......................................... -- --
Purchased swap contracts................................. -- --
Other assets............................................... 853 52
------------- -------------
Total assets................................................ 4,876,305 71,786
------------- -------------
LIABILITIES:
Unrealized depreciation on forward foreign currency
contracts................................................ -- --
Bank overdraft -- U.S. Dollars............................. 50 --
Bank overdraft -- foreign cash............................. -- --
Payable upon return of securities loaned (Note 2d)......... -- 8,528
Payables:
Investment securities purchased.......................... 384,387 556
Fund shares redeemed..................................... 11,838 256
Investment advisory and management fees (Note 3)......... 435 9
Dividends................................................ 7,625 --
Distribution fees (Note 3)............................... 359 6
Reverse repurchase agreements (Note 2g).................. -- --
Variation margin......................................... -- --
Accrued interest expense................................... -- --
Accrued expenses........................................... 138 33
Written options and swap contracts......................... -- --
------------- -------------
Total liabilities........................................... 404,832 9,388
------------- -------------
Net assets.................................................. $ 4,471,473 $ 62,398
============= =============
SUMMARY OF NET ASSETS:
Capital stock and paid-in-capital........................... $ 4,465,489 $ 57,159
Accumulated undistributed (distribution in excess of ) net
investment income (loss)................................... 1,155 (85)
Accumulated net realized gain (loss) on investments and
foreign currency transactions.............................. (3,374) 2,433
Unrealized appreciation (depreciation) of investments and
the translations of assets and liabilities denominated in
foreign currency........................................... 8,203 2,891
------------- -------------
Net assets.................................................. $ 4,471,473 $ 62,398
============= =============
Shares authorized........................................... 1,600,000 300,000
------------- -------------
Par value................................................... 0.001 0.001
------------- -------------
CLASS A: Net asset value per share/Maximum offering price
per share............................................ $10.15/$10.46 $12.05/$12.75
------------- -------------
Shares outstanding................................... 221,298 3,091
------------- -------------
Net assets........................................... $ 2,245,722 $ 37,240
------------- -------------
CLASS B: Net asset value per share.......................... $ 10.14 $ 11.62
------------- -------------
Shares outstanding................................... 6,157 1,088
------------- -------------
Net assets........................................... $ 62,419 $ 12,634
------------- -------------
CLASS C: Net asset value per share.......................... $ 10.14 $ 11.62
------------- -------------
Shares outstanding................................... 158,084 1,047
------------- -------------
Net assets........................................... $ 1,602,837 $ 12,169
------------- -------------
CLASS I: Net asset value per share/Maximum offering price
per share............................................ $ 10.15 $ --
------------- -------------
Shares outstanding................................... 47,588 --
------------- -------------
Net assets........................................... $ 483,131 $ --
------------- -------------
CLASS L: Net asset value per share.......................... $ -- $ --
------------- -------------
Shares outstanding................................... -- --
------------- -------------
Net assets........................................... $ -- $ --
------------- -------------
CLASS R3: Net asset value per share......................... $ 10.14 $ --
------------- -------------
Shares outstanding................................... 3 --
------------- -------------
Net assets........................................... $ 35 $ --
------------- -------------
CLASS R4: Net asset value per share......................... $ 10.14 $ --
------------- -------------
Shares outstanding................................... 1 --
------------- -------------
Net assets........................................... $ 10 $ --
------------- -------------
CLASS R5: Net asset value per share......................... $ 10.15 $ --
------------- -------------
Shares outstanding................................... 1 --
------------- -------------
Net assets........................................... $ 10 $ --
------------- -------------
CLASS Y: Net asset value per share.......................... $ 10.14 $ 12.29
------------- -------------
Shares outstanding................................... 7,624 29
------------- -------------
Net assets........................................... $ 77,309 $ 355
------------- -------------
@ Cost of securities........................................ $ 4,690,502 $ 67,332
------------- -------------
@ Market value of securities on loan........................ $ -- $ 8,343
------------- -------------
# Cost of foreign currency on deposit with custodian....... $ -- $ --
------------- -------------
</Table>
* Relates to investments in affiliated investment companies.
> Formally known as Focus Fund.
The accompanying notes are an integral part of these financial statements.
266
- --------------------------------------------------------------------------------
<Table>
<Caption>
GLOBAL GLOBAL GLOBAL GLOBAL GLOBAL GROWTH
COMMUNICATIONS FINANCIAL SERVICES HEALTH LEADERS TECHNOLOGY ALLOCATION GROWTH
FUND FUND FUND FUND FUND FUND* FUND
-------------- ------------------ ------------- ------------- ----------- ------------- -------------
$ 40,775 $ 34,450 $ 1,025,536 $ 809,648 $ 62,333 $ 773,023 $ 1,198,413
19 -- -- -- -- -- 4
18 -- -- 327 -- -- --
-- -- -- 4 -- -- --
511 902 10,191 4,027 1,545 -- 2,846
194 186 4,280 573 71 2,644 1,653
179 145 1,585 1,388 11 648 861
-- -- -- -- -- -- --
-- -- -- -- -- -- --
48 40 141 181 148 197 170
----------- ------------- ------------- ------------- ----------- ------------- -------------
41,744 35,723 1,041,733 816,148 64,108 776,512 1,203,947
----------- ------------- ------------- ------------- ----------- ------------- -------------
-- -- -- -- -- -- --
-- 23 -- 1,626 298 -- --
-- -- -- -- -- -- --
5,419 315 141,214 54,383 2,629 -- 29,264
39 917 4,655 4,603 1,020 413 5,585
19 62 541 956 75 1,146 2,217
6 5 130 102 9 17 143
-- -- -- -- -- -- --
3 3 54 41 6 73 59
-- -- -- -- -- -- --
-- -- -- -- -- -- --
-- -- -- -- -- -- --
18 12 193 306 42 136 395
-- -- -- -- -- -- --
----------- ------------- ------------- ------------- ----------- ------------- -------------
5,504 1,337 146,787 62,017 4,079 1,785 37,663
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ 36,240 $ 34,386 $ 894,946 $ 754,131 $ 60,029 $ 774,727 $ 1,166,284
=========== ============= ============= ============= =========== ============= =============
$ 30,256 $ 26,512 $ 724,800 $ 586,386 $ 100,150 $ 667,980 $ 1,009,390
5 159 (1,238) (3,354) (353) (7,390) (1,528)
470 2,893 29,605 36,949 (48,553) 56,212 33,226
5,509 4,822 141,779 134,150 8,785 57,925 125,196
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ 36,240 $ 34,386 $ 894,946 $ 754,131 $ 60,029 $ 774,727 $ 1,166,284
=========== ============= ============= ============= =========== ============= =============
300,000 300,000 500,000 450,000 300,000 500,000 27,000,000
----------- ------------- ------------- ------------- ----------- ------------- -------------
0.001 0.001 0.001 0.001 0.001 0.001 0.0001
----------- ------------- ------------- ------------- ----------- ------------- -------------
$9.10/$9.63 $14.22/$15.05 $18.69/$19.78 $20.10/$21.27 $6.11/$6.47 $13.23/$14.00 $18.23/$19.29
----------- ------------- ------------- ------------- ----------- ------------- -------------
2,483 1,655 25,273 21,055 5,448 33,518 34,868
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ 22,601 $ 23,529 $ 472,439 $ 423,247 $ 33,263 $ 443,505 $ 635,567
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ 8.82 $ 13.97 $ 17.61 $ 18.81 $ 5.80 $ 13.16 $ 15.83
----------- ------------- ------------- ------------- ----------- ------------- -------------
574 295 4,801 3,825 2,216 9,697 2,521
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ 5,059 $ 4,118 $ 84,540 $ 71,955 $ 12,864 $ 127,580 $ 39,921
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ 8.81 $ 13.93 $ 17.63 $ 18.90 $ 5.78 $ 13.15 $ 15.88
----------- ------------- ------------- ------------- ----------- ------------- -------------
830 372 6,952 3,476 2,112 15,438 4,938
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ 7,309 $ 5,183 $ 122,580 $ 65,711 $ 12,218 $ 203,018 $ 78,419
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ -- $ -- $ 18.78 $ -- $ -- $ 13.19 $ 18.27
----------- ------------- ------------- ------------- ----------- ------------- -------------
-- -- 239 -- -- 45 1,329
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ -- $ -- $ 4,490 $ -- $ -- $ 592 $ 24,281
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ -- $ -- $ -- $ -- $ -- $ -- $ 18.51
----------- ------------- ------------- ------------- ----------- ------------- -------------
-- -- -- -- -- -- 16,085
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ -- $ -- $ -- $ -- $ -- $ -- $ 297,686
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ -- $ -- $ 19.47 $ 20.97 $ -- $ 13.21 $ 18.69
----------- ------------- ------------- ------------- ----------- ------------- -------------
-- -- 1 1 -- 1 1
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ -- $ -- $ 22 $ 10 $ -- $ 10 $ 10
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ -- $ -- $ 19.49 $ 20.99 $ -- $ 13.23 $ 18.71
----------- ------------- ------------- ------------- ----------- ------------- -------------
-- -- 1 1 -- 1 1
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ -- $ -- $ 11 $ 10 $ -- $ 11 $ 10
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ -- $ -- $ 19.51 $ 21.01 $ -- $ 13.24 $ 18.73
----------- ------------- ------------- ------------- ----------- ------------- -------------
-- -- 1 1 -- 1 1
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ -- $ -- $ 11 $ 11 $ -- $ 11 $ 10
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ 9.28 $ 14.38 $ 19.53 $ 21.03 $ 6.28 $ -- $ 18.74
----------- ------------- ------------- ------------- ----------- ------------- -------------
137 108 10,794 9,187 268 -- 4,823
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ 1,271 $ 1,556 $ 210,853 $ 193,187 $ 1,684 $ -- $ 90,380
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ 35,267 $ 29,630 $ 883,748 $ 675,500 $ 53,548 $ 715,098 $ 1,073,215
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ 5,231 $ 302 $ 137,110 $ 52,336 $ 2,524 $ -- $ 28,637
----------- ------------- ------------- ------------- ----------- ------------- -------------
$ 17 $ -- $ -- $ 329 $ -- $ -- $ --
----------- ------------- ------------- ------------- ----------- ------------- -------------
<Caption>
GROWTH
OPPORTUNITIES
FUND
-------------
$ 1,597,001
1
--
--
2,106
2,075
701
--
--
541
-------------
1,602,425
-------------
--
--
--
190,415
11,733
1,141
170
--
66
--
--
--
354
--
-------------
203,879
-------------
$ 1,398,546
=============
$ 1,081,873
3,286
87,643
225,744
-------------
$ 1,398,546
=============
23,750,000
-------------
0.0001
-------------
$31.10/$32.91
-------------
16,612
-------------
$ 516,580
-------------
$ 26.32
-------------
1,448
-------------
$ 38,107
-------------
$ 26.33
-------------
2,328
-------------
$ 61,297
-------------
$ 31.16
-------------
55
-------------
$ 1,707
-------------
$ 31.60
-------------
21,344
-------------
$ 674,453
-------------
$ 31.90
-------------
3
-------------
$ 86
-------------
$ 31.93
-------------
--
-------------
$ 11
-------------
$ 31.97
-------------
--
-------------
$ 11
-------------
$ 31.98
-------------
3,324
-------------
$ 106,294
-------------
$ 1,371,256
-------------
$ 185,526
-------------
$ --
-------------
</Table>
267
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF ASSETS AND LIABILITIES -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED) (000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
INCOME
HIGH YIELD ALLOCATION
FUND FUND*
----------- ------------
ASSETS:
Investments in securities, at value; (amortized cost for
Money Market)@........................................... $ 341,609 $ 46,316
Cash....................................................... -- --
Foreign currency on deposit with custodian#................ 216 --
Unrealized appreciation in forward foreign currency
contracts................................................ -- --
Receivables:
Investment securities sold............................... 8,948 --
Fund shares sold......................................... 338 84
Dividends and interest................................... 6,227 213
Variation margin......................................... 65 --
Purchased swap contracts................................. -- --
Other assets............................................... 124 102
----------- ------------
Total assets................................................ 357,527 46,715
----------- ------------
LIABILITIES:
Unrealized depreciation on forward foreign currency
contracts................................................ 75 --
Bank overdraft -- U.S. Dollars............................. -- --
Bank overdraft -- foreign cash............................. -- --
Payable upon return of securities loaned (Note 2d)......... 60,074 --
Payables:
Investment securities purchased.......................... 13,985 15
Fund shares redeemed..................................... 324 29
Investment advisory and management fees (Note 3)......... 35 1
Dividends................................................ 333 --
Distribution fees (Note 3)............................... 21 4
Reverse repurchase agreements (Note 2g).................. -- --
Variation margin......................................... -- --
Accrued interest expense................................... -- --
Accrued expenses........................................... 128 8
Written options and swap contracts......................... -- --
----------- ------------
Total liabilities........................................... 74,975 57
----------- ------------
Net assets.................................................. $ 282,552 $ 46,658
=========== ============
SUMMARY OF NET ASSETS:
Capital stock and paid-in-capital........................... $ 350,893 $ 46,955
Accumulated undistributed (distribution in excess of ) net
investment income (loss)................................... (14) 13
Accumulated net realized gain (loss) on investments and
foreign currency transactions.............................. (75,361) (586)
Unrealized appreciation (depreciation) of investments and
the translations of assets and liabilities denominated in
foreign currency........................................... 7,034 276
----------- ------------
Net assets.................................................. $ 282,552 $ 46,658
=========== ============
Shares authorized........................................... 500,000 500,000
----------- ------------
Par value................................................... 0.001 0.001
----------- ------------
CLASS A: Net asset value per share/Maximum offering price
per share.......................................... $8.23/$8.62 $9.97/$10.44
----------- ------------
Shares outstanding................................... 24,626 3,293
----------- ------------
Net assets........................................... $ 202,669 $ 32,829
----------- ------------
CLASS B: Net asset value per share.......................... $ 8.21 $ 9.97
----------- ------------
Shares outstanding................................... 4,448 542
----------- ------------
Net assets........................................... $ 36,538 $ 5,406
----------- ------------
CLASS C: Net asset value per share.......................... $ 8.22 $ 9.96
----------- ------------
Shares outstanding................................... 4,755 787
----------- ------------
Net assets........................................... $ 39,084 $ 7,847
----------- ------------
CLASS I: Net asset value per share/Maximum offering price
per share.......................................... $ -- $ 9.97
----------- ------------
Shares outstanding................................... -- 55
----------- ------------
Net assets........................................... $ -- $ 546
----------- ------------
CLASS L: Net asset value per share.......................... $ -- $ --
----------- ------------
Shares outstanding................................... -- --
----------- ------------
Net assets........................................... $ -- $ --
----------- ------------
CLASS R3: Net asset value per share......................... $ 8.24 $ 9.97
----------- ------------
Shares outstanding................................... 1 1
----------- ------------
Net assets........................................... $ 10 $ 10
----------- ------------
CLASS R4: Net asset value per share......................... $ 8.24 $ 9.97
----------- ------------
Shares outstanding................................... 1 1
----------- ------------
Net assets........................................... $ 10 $ 10
----------- ------------
CLASS R5: Net asset value per share......................... $ 8.24 $ 9.97
----------- ------------
Shares outstanding................................... 1 1
----------- ------------
Net assets........................................... $ 10 $ 10
----------- ------------
CLASS Y: Net asset value per share.......................... $ 8.23 $ --
----------- ------------
Shares outstanding................................... 514 --
----------- ------------
Net assets........................................... $ 4,231 $ --
----------- ------------
@ Cost of securities........................................ $ 334,568 $ 46,040
----------- ------------
@ Market value of securities on loan........................ $ 58,848 $ --
----------- ------------
# Cost of foreign currency on deposit with custodian....... $ 206 $ --
----------- ------------
</Table>
* Relates to investments in affiliated investment companies.
** Investments in repurchase agreements were $28,831
The accompanying notes are an integral part of these financial statements.
268
- --------------------------------------------------------------------------------
<Table>
<Caption>
INTERNATIONAL INTERNATIONAL INTERNATIONAL
INCOME INFLATION PLUS CAPITAL APPRECIATION OPPORTUNITIES SMALL COMPANY LARGECAP MIDCAP
FUND FUND FUND FUND FUND GROWTH FUND FUND
------------- -------------- -------------------- ------------- -------------- ------------- -------------
$ 302,584** $ 615,517 $ 471,410 $ 445,725 $ 354,652 $ 10,896 $ 3,827,763
-- 80 -- -- 373 -- --
-- -- 18 1,754 -- -- --
-- -- 22 14 2 -- 30
-- -- 10,407 4,789 565 -- 19,117
1,383 165 1,681 326 1,727 -- 2,507
2,480 3,259 1,032 1,217 810 2 1,572
214 -- -- -- -- -- --
28 -- -- -- -- -- --
68 180 126 126 80 50 152
------------- ------------- ------------- ------------- ------------- ------------- -------------
306,757 619,201 484,696 453,951 358,209 10,948 3,851,142
------------- ------------- ------------- ------------- ------------- ------------- -------------
-- -- 7 8 6 -- 2
19 -- 151 28 -- -- --
-- -- -- -- 37 -- --
48,182 -- 45,338 91,767 71,323 -- 578,097
13,976 1,000 8,612 5,042 4,131 -- 33,403
104 1,444 373 413 400 -- 5,047
21 55 64 50 42 1 394
54 522 -- -- -- -- --
6 50 29 18 12 1 251
-- 45,542 -- -- -- -- --
103 49 -- -- -- -- --
-- 7 -- -- -- -- --
10 270 123 86 50 1 927
13 -- -- -- -- -- --
------------- ------------- ------------- ------------- ------------- ------------- -------------
62,488 48,939 54,697 97,412 76,001 3 618,121
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 244,269 $ 570,262 $ 429,999 $ 356,539 $ 282,208 $ 10,945 $ 3,233,021
============= ============= ============= ============= ============= ============= =============
$ 243,106 $ 591,017 $ 340,623 $ 286,642 $ 227,860 $ 10,422 $ 2,439,637
55 2,086 (817) 48 180 (17) 10,752
55 (21,781) 43,659 30,059 24,596 38 143,030
1,053 (1,060) 46,534 39,790 29,572 502 639,602
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 244,269 $ 570,262 $ 429,999 $ 356,539 $ 282,208 $ 10,945 $ 3,233,021
============= ============= ============= ============= ============= ============= =============
300,000 600,000 500,000 450,000 350,000 800,000 460,000
------------- ------------- ------------- ------------- ------------- ------------- -------------
0.001 0.001 0.001 0.001 0.001 0.001 0.001
------------- ------------- ------------- ------------- ------------- ------------- -------------
$10.40/$10.89 $10.53/$11.03 $15.37/$16.26 $17.92/$18.96 $16.59/$17.56 $10.51/$11.12 $24.57/$26.00
------------- ------------- ------------- ------------- ------------- ------------- -------------
7,705 19,779 21,246 10,910 7,307 956 83,977
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 80,164 $ 208,339 $ 326,590 $ 195,474 $ 121,245 $ 10,057 $ 2,063,334
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 10.40 $ 10.52 $ 14.75 $ 16.79 $ 16.07 $ 10.49 $ 22.23
------------- ------------- ------------- ------------- ------------- ------------- -------------
865 7,301 2,822 1,949 1,064 30 21,027
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 8,995 $ 76,791 $ 41,624 $ 32,720 $ 17,090 $ 313 $ 467,387
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 10.42 $ 10.51 $ 14.75 $ 16.64 $ 15.89 $ 10.49 $ 22.37
------------- ------------- ------------- ------------- ------------- ------------- -------------
1,188 16,910 3,567 1,479 1,752 45 23,247
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 12,387 $ 177,725 $ 52,612 $ 24,601 $ 27,835 $ 470 $ 520,128
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 10.55 $ 15.24 $ -- $ -- $ -- $ --
------------- ------------- ------------- ------------- ------------- ------------- -------------
-- 20 10 -- -- -- --
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 212 $ 156 $ -- $ -- $ -- $ --
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ -- $ -- $ -- $ -- $ -- $ --
------------- ------------- ------------- ------------- ------------- ------------- -------------
-- -- -- -- -- -- --
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ -- $ -- $ -- $ -- $ -- $ --
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 10.54 $ 15.65 $ 18.38 $ -- $ -- $ --
------------- ------------- ------------- ------------- ------------- ------------- -------------
-- 1 1 1 -- -- --
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 10 $ 11 $ 23 $ -- $ -- $ --
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 10.55 $ 15.67 $ 18.40 $ -- $ -- $ --
------------- ------------- ------------- ------------- ------------- ------------- -------------
-- 1 1 1 -- -- --
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 10 $ 11 $ 11 $ -- $ -- $ --
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 10.55 $ 15.68 $ 18.42 $ -- $ -- $ --
------------- ------------- ------------- ------------- ------------- ------------- -------------
-- 1 1 1 -- -- --
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ 10 $ 11 $ 11 $ -- $ -- $ --
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 10.39 $ 10.56 $ 15.70 $ 18.44 $ 16.80 $ 10.53 $ 26.21
------------- ------------- ------------- ------------- ------------- ------------- -------------
13,734 10,150 572 5,625 6,906 10 6,950
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 142,723 $ 107,165 $ 8,984 $ 103,699 $ 116,038 $ 105 $ 182,172
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 301,616 $ 616,542 $ 424,874 $ 405,944 $ 325,081 $ 10,394 $ 3,188,178
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ 47,203 $ -- $ 43,219 $ 87,448 $ 67,500 $ -- $ 559,838
------------- ------------- ------------- ------------- ------------- ------------- -------------
$ -- $ -- $ 18 $ 1,755 $ -- $ -- $ --
------------- ------------- ------------- ------------- ------------- ------------- -------------
<Caption>
MIDCAP
GROWTH FUND
-------------
$ 18,951
--
--
--
27
1
28
--
--
31
-------------
19,038
-------------
--
--
--
--
--
1
3
--
1
--
--
--
3
--
-------------
8
-------------
$ 19,030
=============
$ 16,063
(17)
2,600
384
-------------
$ 19,030
=============
800,000
-------------
0.001
-------------
$12.56/$13.29
-------------
1,311
-------------
$ 16,471
-------------
$ 12.51
-------------
64
-------------
$ 805
-------------
$ 12.49
-------------
130
-------------
$ 1,627
-------------
$ --
-------------
--
-------------
$ --
-------------
$ --
-------------
--
-------------
$ --
-------------
$ --
-------------
--
-------------
$ --
-------------
$ --
-------------
--
-------------
$ --
-------------
$ --
-------------
--
-------------
$ --
-------------
$ 12.57
-------------
10
-------------
$ 127
-------------
$ 18,567
-------------
$ --
-------------
$ --
-------------
</Table>
269
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF ASSETS AND LIABILITIES -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED) (000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MIDCAP VALUE MONEY MARKET
FUND FUND
-------------- ------------
ASSETS:
Investments in securities, at value; (amortized cost for
Money Market)@........................................... $ 533,299 $ 281,124
Cash....................................................... 1 208
Foreign currency on deposit with custodian#................ -- --
Unrealized appreciation in forward foreign currency
contracts................................................ -- --
Receivables:
Investment securities sold............................... 3,129 --
Fund shares sold......................................... 60 1,161
Dividends and interest................................... 317 419
Variation margin......................................... -- --
Purchased swap contracts................................... -- --
Other assets............................................... 67 171
------------- -----------
Total assets................................................ 536,873 283,083
------------- -----------
LIABILITIES:
Unrealized depreciation on forward foreign currency
contracts................................................ -- --
Bank overdraft -- U.S. Dollars............................. -- --
Bank overdraft -- foreign cash............................. -- --
Payable upon return of securities loaned (Note 2d)......... 68,413 --
Payables:
Investment securities purchased.......................... 940 --
Fund shares redeemed..................................... 767 1,468
Investment advisory and management fees (Note 3)......... 66 23
Dividends................................................ -- 43
Distribution fees (Note 3)............................... 36 16
Reverse repurchase agreements (Note 2g).................. -- --
Variation margin......................................... -- --
Accrued interest expense................................... -- --
Accrued expenses........................................... 175 109
Written options and swap contracts......................... -- --
------------- -----------
Total liabilities........................................... 70,397 1,659
------------- -----------
Net assets.................................................. $ 466,476 $ 281,424
============= ===========
SUMMARY OF NET ASSETS:
Capital stock and paid-in-capital........................... $ 329,514 $ 281,424
Accumulated undistributed (distribution in excess of) net
investment income (loss)................................... (275) --
Accumulated net realized gain (loss) on investments and
foreign currency transactions.............................. 36,427 --
Unrealized appreciation (depreciation) of investments and
the translations of assets and liabilities denominated in
foreign currency........................................... 100,810 --
------------- -----------
Net assets.................................................. $ 466,476 $ 281,424
============= ===========
Shares authorized........................................... 300,000 2,850,000
------------- -----------
Par value................................................... 0.001 0.001
------------- -----------
CLASS A: Net asset value per share/Maximum offering price
per share.......................................... $14.69/$15.54 $1.00/$1.00
------------- -----------
Shares outstanding................................... 22,546 236,499
------------- -----------
Net assets........................................... $ 331,213 $ 236,499
------------- -----------
CLASS B: Net asset value per share.......................... $ 13.90 $ 1.00
------------- -----------
Shares outstanding................................... 4,753 24,995
------------- -----------
Net assets........................................... $ 66,052 $ 24,995
------------- -----------
CLASS C: Net asset value per share.......................... $ 13.91 $ 1.00
------------- -----------
Shares outstanding................................... 4,873 15,314
------------- -----------
Net assets........................................... $ 67,763 $ 15,314
------------- -----------
CLASS I: Net asset value per share/Maximum offering price
per share.......................................... $ -- $ --
------------- -----------
Shares outstanding................................... -- --
------------- -----------
Net assets........................................... $ -- $ --
------------- -----------
CLASS L: Net asset value per share.......................... $ -- $ --
------------- -----------
Shares outstanding................................... -- --
------------- -----------
Net assets........................................... $ -- $ --
------------- -----------
CLASS R3: Net asset value per share......................... $ -- $ 1.00
------------- -----------
Shares outstanding................................... -- 10
------------- -----------
Net assets........................................... $ -- $ 10
------------- -----------
CLASS R4: Net asset value per share......................... $ -- $ 1.00
------------- -----------
Shares outstanding................................... -- 10
------------- -----------
Net assets........................................... $ -- $ 10
------------- -----------
CLASS R5: Net asset value per share......................... $ -- $ 1.00
------------- -----------
Shares outstanding................................... -- 10
------------- -----------
Net assets........................................... $ -- $ 10
------------- -----------
CLASS Y: Net asset value per share.......................... $ 15.24 $ 1.00
------------- -----------
Shares outstanding................................... 95 4,586
------------- -----------
Net assets........................................... $ 1,448 $ 4,586
------------- -----------
@ Cost of securities........................................ $ 432,490 $ 281,124
------------- -----------
@ Market value of securities on loan........................ $ 66,333 $ --
------------- -----------
# Cost of foreign currency on deposit with custodian........ $ -- $ --
------------- -----------
</Table>
* Relates to investments in affiliated investment companies.
The accompanying notes are an integral part of these financial statements.
270
- --------------------------------------------------------------------------------
<Table>
<Caption>
RETIREMENT SELECT MIDCAP SELECT MIDCAP SELECT SMALLCAP SHORT DURATION SMALL COMPANY SMALLCAP
INCOME FUND* GROWTH FUND VALUE FUND VALUE FUND FUND FUND GROWTH FUND
------------- -------------- -------------- --------------- -------------- -------------- --------------
$ 1,505 $ 34,013 $ 66,964 $ 104,681 $ 190,603 $ 580,196 $ 572,426
-- 1 1 170 5 -- 1
-- -- -- -- -- -- --
-- -- -- -- -- 1 --
-- -- 813 2,824 -- 7,769 4,722
5 74 447 7 303 1,452 947
5 3 13 71 1,295 119 77
-- -- -- -- -- -- --
-- -- -- -- -- -- --
56 50 53 41 49 171 456
------------ ------------- ------------- ------------- ------------ ------------- -------------
1,571 34,141 68,291 107,794 192,255 589,708 578,629
------------ ------------- ------------- ------------- ------------ ------------- -------------
-- -- -- -- -- 2 --
-- -- -- -- -- 420 --
-- -- -- -- -- -- --
-- 6,136 5,918 -- -- 76,473 84,840
-- -- 1,339 2,849 -- 3,537 6,940
-- 36 75 -- 1,134 620 672
-- 3 8 18 17 70 64
-- -- -- -- 35 -- --
-- 2 4 1 4 28 25
-- -- -- -- -- -- --
-- -- -- 22 -- -- 24
-- -- -- -- -- -- --
5 20 29 3 25 119 232
-- -- -- -- -- -- --
------------ ------------- ------------- ------------- ------------ ------------- -------------
5 6,197 7,373 2,893 1,215 81,269 92,797
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 1,566 $ 27,944 $ 60,918 $ 104,901 $ 191,040 $ 508,439 $ 485,832
============ ============= ============= ============= ============ ============= =============
$ 1,514 $ 22,852 $ 48,026 $ 95,848 $ 193,847 $ 419,289 $ 423,856
(4) (92) 70 234 2 (497) (328)
21 3,240 8,673 3,717 (2,366) 44,428 13,221
35 1,944 4,149 5,102 (443) 45,219 49,083
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 1,566 $ 27,944 $ 60,918 $ 104,901 $ 191,040 $ 508,439 $ 485,832
============ ============= ============= ============= ============ ============= =============
950,000 800,000 800,000 800,000 300,000 500,000 27,000,000
------------ ------------- ------------- ------------- ------------ ------------- -------------
0.001 0.001 0.001 0.001 0.001 0.001 0.0001
------------ ------------- ------------- ------------- ------------ ------------- -------------
$9.87/$10.44 $12.16/$12.87 $13.39/$14.17 $11.85/$12.54 $9.90/$10.21 $22.38/$23.68 $33.64/$35.60
------------ ------------- ------------- ------------- ------------ ------------- -------------
104 1,603 3,180 1,533 2,703 10,768 8,149
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 1,029 $ 19,479 $ 42,587 $ 18,161 $ 26,757 $ 240,942 $ 274,106
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 9.88 $ 11.97 $ 13.20 $ 11.77 $ 9.90 $ 20.48 $ 30.09
------------ ------------- ------------- ------------- ------------ ------------- -------------
21 335 350 36 613 2,609 634
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 205 $ 4,015 $ 4,624 $ 430 $ 6,068 $ 53,426 $ 19,082
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 9.89 $ 11.94 $ 13.20 $ 11.78 $ 9.90 $ 20.50 $ 30.02
------------ ------------- ------------- ------------- ------------ ------------- -------------
18 364 677 37 1,244 2,725 866
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 182 $ 4,340 $ 8,940 $ 436 $ 12,318 $ 55,852 $ 25,992
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ -- $ -- $ -- $ -- $ -- $ 22.43 $ 33.68
------------ ------------- ------------- ------------- ------------ ------------- -------------
-- -- -- -- -- 43 81
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ -- $ -- $ -- $ -- $ -- $ 954 $ 2,730
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ -- $ -- $ -- $ -- $ -- $ -- $ 33.80
------------ ------------- ------------- ------------- ------------ ------------- -------------
-- -- -- -- -- -- 4,389
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ -- $ -- $ -- $ -- $ -- $ -- $ 148,333
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 9.88 $ -- $ -- $ -- $ -- $ 23.67 $ 34.28
------------ ------------- ------------- ------------- ------------ ------------- -------------
1 -- -- -- -- 2 --
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 10 $ -- $ -- $ -- $ -- $ 47 $ 11
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 9.88 $ -- $ -- $ -- $ -- $ 23.69 $ 34.32
------------ ------------- ------------- ------------- ------------ ------------- -------------
1 -- -- -- -- -- --
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 10 $ -- $ -- $ -- $ -- $ 11 $ 11
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 9.88 $ -- $ -- $ -- $ -- $ 23.72 $ 34.35
------------ ------------- ------------- ------------- ------------ ------------- -------------
1 -- -- -- -- -- --
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 10 $ -- $ -- $ -- $ -- $ 11 $ 11
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 9.88 $ 12.27 $ 13.41 $ 11.84 $ 9.89 $ 23.73 $ 34.36
------------ ------------- ------------- ------------- ------------ ------------- -------------
12 9 356 7,252 14,757 6,624 453
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 120 $ 110 $ 4,767 $ 85,874 $ 145,897 $ 157,196 $ 15,556
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ 1,470 $ 32,069 $ 62,815 $ 99,595 $ 191,046 $ 534,976 $ 523,319
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ -- $ 6,000 $ 5,778 $ -- $ -- $ 73,463 $ 80,880
------------ ------------- ------------- ------------- ------------ ------------- -------------
$ -- $ -- $ -- $ -- $ -- $ -- $ --
------------ ------------- ------------- ------------- ------------ ------------- -------------
<Caption>
STOCK FUND
-------------
$ 1,236,614
44
--
15
16,962
257
1,350
--
--
208
-------------
1,255,450
-------------
--
--
--
58,397
16,915
2,638
144
--
88
--
--
--
625
--
-------------
78,807
-------------
$ 1,176,643
=============
$ 1,318,956
945
(233,622)
90,364
-------------
$ 1,176,643
=============
450,000
-------------
0.001
-------------
$22.96/$24.30
-------------
30,073
-------------
$ 690,516
-------------
$ 21.38
-------------
9,307
-------------
$ 198,998
-------------
$ 21.56
-------------
7,227
-------------
$ 155,777
-------------
$ --
-------------
--
-------------
$ --
-------------
$ --
-------------
--
-------------
$ --
-------------
$ 23.86
-------------
--
-------------
$ 10
-------------
$ 23.89
-------------
2
-------------
$ 42
-------------
$ 23.91
-------------
--
-------------
$ 11
-------------
$ 23.92
-------------
5,489
-------------
$ 131,289
-------------
$ 1,146,250
-------------
$ 56,566
-------------
$ --
-------------
</Table>
271
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF ASSETS AND LIABILITIES -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED) (000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
TARGET TARGET
RETIREMENT 2010 RETIREMENT 2020
FUND* FUND*
--------------- ---------------
ASSETS:
Investments in securities, at value; (amortized cost for
Money Market) @.......................................... $ 7,469 $ 11,047
Cash....................................................... -- --
Foreign currency on deposit with custodian#................ -- --
Unrealized appreciation in forward foreign currency
contracts................................................ -- --
Receivables:
Investment securities sold............................... -- --
Fund shares sold......................................... 1 34
Dividends and interest................................... 15 15
Variation margin......................................... -- --
Purchased swap contracts................................... -- --
Other assets............................................... 58 59
------------- -------------
Total assets................................................ 7,543 11,155
------------- -------------
LIABILITIES:
Unrealized depreciation on forward foreign currency
contracts................................................ -- --
Bank overdraft -- U.S. Dollars............................. -- --
Bank overdraft -- foreign cash............................. -- --
Payable upon return of securities loaned (Note 2d)......... -- --
Payables:
Investment securities purchased.......................... 1 23
Fund shares redeemed..................................... -- 9
Investment advisory and management fees (Note 3)......... -- --
Dividends................................................ -- --
Distribution fees (Note 3)............................... -- --
Reverse repurchase agreements (Note 2g).................. -- --
Variation margin......................................... -- --
Accrued interest expense................................... -- --
Accrued expenses........................................... 8 9
Written options and swap contracts......................... -- --
------------- -------------
Total liabilities........................................... 9 41
------------- -------------
Net assets.................................................. $ 7,534 $ 11,114
============= =============
SUMMARY OF NET ASSETS:
Capital stock and paid-in-capital........................... $ 7,290 $ 10,684
Accumulated undistributed (distribution in excess of ) net
investment income (loss)................................... (3) (9)
Accumulated net realized gain (loss) on investments and
foreign currency transactions.............................. 88 134
Unrealized appreciation (depreciation) of investments and
the translations of assets and liabilities denominated in
foreign currency........................................... 159 305
------------- -------------
Net assets.................................................. $ 7,534 $ 11,114
============= =============
Shares authorized........................................... 950,000 950,000
------------- -------------
Par value................................................... 0.001 0.001
------------- -------------
CLASS A: Net asset value per share/Maximum offering price
per share............................................ $10.11/$10.70 $11.03/$11.67
------------- -------------
Shares outstanding................................... 630 917
------------- -------------
Net assets........................................... $ 6,364 $ 10,110
------------- -------------
CLASS B: Net asset value per share.......................... $ 10.10 $ 11.04
------------- -------------
Shares outstanding................................... 44 42
------------- -------------
Net assets........................................... $ 449 $ 467
------------- -------------
CLASS C: Net asset value per share.......................... $ 10.09 $ 11.02
------------- -------------
Shares outstanding................................... 54 45
------------- -------------
Net assets........................................... $ 547 $ 495
------------- -------------
CLASS I: Net asset value per share/Maximum offering price
per share............................................ $ -- $ --
------------- -------------
Shares outstanding................................... -- --
------------- -------------
Net assets........................................... $ -- $ --
------------- -------------
CLASS L: Net asset value per share.......................... $ -- $ --
------------- -------------
Shares outstanding................................... -- --
------------- -------------
Net assets........................................... $ -- $ --
------------- -------------
CLASS R3: Net asset value per share......................... $ 10.11 $ 11.02
------------- -------------
Shares outstanding................................... 1 1
------------- -------------
Net assets........................................... $ 10 $ 10
------------- -------------
CLASS R4: Net asset value per share......................... $ 10.11 $ 11.02
------------- -------------
Shares outstanding................................... 1 1
------------- -------------
Net assets........................................... $ 10 $ 10
------------- -------------
CLASS R5: Net asset value per share......................... $ 10.12 $ 11.03
------------- -------------
Shares outstanding................................... 1 1
------------- -------------
Net assets........................................... $ 10 $ 10
------------- -------------
CLASS Y: Net asset value per share.......................... $ 10.11 $ 11.03
------------- -------------
Shares outstanding................................... 14 1
------------- -------------
Net assets........................................... $ 144 $ 12
------------- -------------
@ Cost of securities........................................ $ 7,310 $ 10,742
------------- -------------
@ Market value of securities on loan........................ $ -- $ --
------------- -------------
# Cost of foreign currency on deposit with custodian....... $ -- $ --
------------- -------------
</Table>
* Relates to investments in affiliated investment companies.
** Investments in repurchase agreements were $140,594.
The accompanying notes are an integral part of these financial statements.
272
- --------------------------------------------------------------------------------
<Table>
<Caption>
TARGET TAX-FREE TAX-FREE TAX-FREE TAX-FREE TOTAL U.S. GOVERNMENT
RETIREMENT 2030 CALIFORNIA MINNESOTA NATIONAL NEW YORK RETURN BOND SECURITIES
FUND* FUND FUND FUND FUND FUND FUND
--------------- ------------- ------------- ------------- ------------- ------------- ---------------
$ 8,975 $ 34,201 $ 36,560 $ 165,282 $ 15,864 $ 1,385,382** $ 196,601
-- -- -- 14 -- -- 8
-- -- -- -- -- 58 --
-- -- -- -- -- -- --
4 -- -- -- -- 10,496 2
19 1,024 11 1,744 12 3,626 70
7 377 541 2,300 265 7,860 1,453
-- -- -- -- -- 713 128
-- -- -- -- -- 46 --
59 14 19 104 13 232 84
------------- ------------- ------------- ------------- ------------- ------------- -----------
9,064 35,616 37,131 169,444 16,154 1,408,413 198,346
------------- ------------- ------------- ------------- ------------- ------------- -----------
-- -- -- -- -- -- --
-- -- -- -- -- 21 --
-- -- -- -- -- -- --
-- -- -- -- -- 147,912 9,748
-- 1,091 -- 2,466 -- 235,722 --
10 48 3 434 -- 1,151 207
-- 3 4 20 1 89 17
-- 13 24 124 2 151 144
-- 2 1 9 1 48 7
-- -- -- -- -- -- --
-- -- -- -- -- 530 40
-- -- -- -- -- -- --
6 2 5 19 5 200 54
-- -- -- -- -- 81 --
------------- ------------- ------------- ------------- ------------- ------------- -----------
16 1,159 37 3,072 9 385,905 10,217
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 9,048 $ 34,457 $ 37,094 $ 166,372 $ 16,145 $ 1,022,508 $ 188,129
============= ============= ============= ============= ============= ============= ===========
$ 8,577 $ 33,598 $ 35,765 $ 160,653 $ 15,615 $ 1,023,770 $ 205,287
(17) 2 10 24 1 1,039 37
150 (13) 70 200 9 (3,498) (18,954)
338 870 1,249 5,495 520 1,197 1,759
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 9,048 $ 34,457 $ 37,094 $ 166,372 $ 16,145 $ 1,022,508 $ 188,129
============= ============= ============= ============= ============= ============= ===========
950,000 300,000 19,250,000 19,300,000 300,000 500,000 19,250,000
------------- ------------- ------------- ------------- ------------- ------------- -----------
0.001 0.001 0.0001 0.0001 0.001 0.001 0.0001
------------- ------------- ------------- ------------- ------------- ------------- -----------
$10.05/$10.63 $10.53/$11.03 $10.20/$10.68 $11.26/$11.79 $10.43/$10.92 $10.65/$11.15 $9.22/$9.65
------------- ------------- ------------- ------------- ------------- ------------- -----------
832 2,663 904 9,042 1,109 49,606 5,055
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 8,355 $ 28,037 $ 9,221 $ 101,846 $ 11,567 $ 528,124 $ 46,593
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 10.06 $ 10.52 $ 10.22 $ 11.18 $ 10.43 $ 10.59 $ 9.18
------------- ------------- ------------- ------------- ------------- ------------- -----------
35 184 77 681 176 7,841 1,668
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 355 $ 1,935 $ 786 $ 7,618 $ 1,841 $ 83,043 $ 15,307
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 10.07 $ 10.54 $ 10.23 $ 11.21 $ 10.43 $ 10.66 $ 9.18
------------- ------------- ------------- ------------- ------------- ------------- -----------
27 425 68 1,794 262 7,530 972
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 272 $ 4,485 $ 697 $ 20,122 $ 2,737 $ 80,295 $ 8,922
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ -- $ -- $ -- $ -- $ -- $ 10.65 $ --
------------- ------------- ------------- ------------- ------------- ------------- -----------
-- -- -- -- -- 174 --
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ -- $ -- $ -- $ -- $ -- $ 1,848 $ --
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ -- $ -- $ 10.24 $ 11.23 $ -- $ -- $ 9.21
------------- ------------- ------------- ------------- ------------- ------------- -----------
-- -- 329 804 -- -- 3,622
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ -- $ -- $ 3,365 $ 9,032 $ -- $ -- $ 33,343
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 10.03 $ -- $ -- $ -- $ -- $ 10.76 $ --
------------- ------------- ------------- ------------- ------------- ------------- -----------
1 -- -- -- -- 1 --
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 10 $ -- $ -- $ -- $ -- $ 10 $ --
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 10.04 $ -- $ -- $ -- $ -- $ 10.76 $ --
------------- ------------- ------------- ------------- ------------- ------------- -----------
1 -- -- -- -- 1 --
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 10 $ -- $ -- $ -- $ -- $ 10 $ --
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 10.05 $ -- $ -- $ -- $ -- $ 10.76 $ --
------------- ------------- ------------- ------------- ------------- ------------- -----------
1 -- -- -- -- 1 --
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 11 $ -- $ -- $ -- $ -- $ 10 $ --
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 10.06 $ -- $ 10.20 $ 11.24 $ -- $ 10.77 $ 9.23
------------- ------------- ------------- ------------- ------------- ------------- -----------
3 -- 2,257 2,469 -- 30,569 9,095
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 35 $ -- $ 23,025 $ 27,754 $ -- $ 329,168 $ 83,964
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ 8,637 $ 33,331 $ 35,311 $ 159,787 $ 15,344 $ 1,384,075 $ 194,845
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ -- $ -- $ -- $ -- $ -- $ 144,906 $ 9,548
------------- ------------- ------------- ------------- ------------- ------------- -----------
$ -- $ -- $ -- $ -- $ -- $ 56 $ --
------------- ------------- ------------- ------------- ------------- ------------- -----------
<Caption>
VALUE
VALUE OPPORTUNITIES
FUND FUND
------------- -------------
$ 417,658 $ 249,547
1 90
-- --
-- --
2,063 1,745
138 705
390 431
-- --
-- --
91 156
------------- -------------
420,341 252,674
------------- -------------
-- --
-- --
-- 45
27,641 12,097
-- 1,328
187 261
52 35
-- --
8 16
-- --
-- --
-- --
34 80
-- --
------------- -------------
27,922 13,862
------------- -------------
$ 392,419 $ 238,812
============= =============
$ 331,306 $ 178,548
1,477 554
4,476 24,839
55,160 34,871
------------- -------------
$ 392,419 $ 238,812
============= =============
500,000 27,000,000
------------- -------------
0.001 0.000
------------- -------------
$13.36/$14.14 $18.60/$19.68
------------- -------------
6,552 7,571
------------- -------------
$ 87,549 $ 140,813
------------- -------------
$ 13.08 $ 17.14
------------- -------------
1,005 1,248
------------- -------------
$ 13,144 $ 21,404
------------- -------------
$ 13.08 $ 17.10
------------- -------------
1,076 1,610
------------- -------------
$ 14,085 $ 27,537
------------- -------------
$ -- $ 18.45
------------- -------------
-- 49
------------- -------------
$ -- $ 906
------------- -------------
$ -- $ 18.65
------------- -------------
-- 2,571
------------- -------------
$ -- $ 47,948
------------- -------------
$ 13.26 $ 18.95
------------- -------------
1 1
------------- -------------
$ 11 $ 11
------------- -------------
$ 13.27 $ 18.97
------------- -------------
1 1
------------- -------------
$ 11 $ 11
------------- -------------
$ 13.29 $ 18.99
------------- -------------
1 1
------------- -------------
$ 11 $ 11
------------- -------------
$ 13.30 $ 19.07
------------- -------------
20,876 9
------------- -------------
$ 277,608 $ 171
------------- -------------
$ 362,498 $ 214,684
------------- -------------
$ 26,561 $ 11,299
------------- -------------
$ -- $ --
------------- -------------
</Table>
273
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF OPERATIONS
FOR THE SIX MONTH PERIOD ENDED APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
BALANCED
ALLOCATION
ADVISERS FUND FUND*
------------- ----------
INVESTMENT INCOME:
Dividends................................................. $ 8,763 $11,276
Interest.................................................. 13,369 --
Securities lending........................................ 126 --
Less: Foreign tax withheld................................ (142) --
-------- -------
Total investment income, net............................ 22,116 11,276
-------- -------
EXPENSES:
Investment management and advisory fees................... 5,143 518
Transfer agent fees....................................... 1,780 421
Distribution fees
Class A................................................. 1,371 612
Class B................................................. 1,586 573
Class C................................................. 1,074 919
Class Hn................................................ -- --
Class L................................................. -- --
Class Mn................................................ -- --
Class Nn................................................ -- --
Class R3................................................ -- --
Class R4................................................ -- --
Custodian fees............................................ 12 --
Accounting services....................................... 124 39
Registration and filing fees.............................. 57 57
Board of Directors' fees.................................. 16 4
Interest expense.......................................... -- --
Other expenses............................................ 463 134
-------- -------
Total expenses (before waivers and fees paid
indirectly)............................................ 11,626 3,277
Expense waivers........................................... (412) (21)
Transfer agent fee waivers................................ -- --
Commission recapture...................................... (25) --
Custodian fee offset...................................... (4) --
-------- -------
Total waivers and fees paid indirectly.................... (441) (21)
-------- -------
Total expenses, net..................................... 11,185 3,256
-------- -------
Net investment income (loss).............................. 10,931 8,020
-------- -------
NET REALIZED GAIN (LOSS) ON INVESTMENTS, FUTURES, OPTIONS
AND SWAP CONTRACTS AND FOREIGN CURRENCY TRANSACTIONS:
Capital gain distribution received from underlying
affiliated funds........................................ -- 25,242
Net realized gain (loss) on investments................... 92,879 23,765
Net realized gain (loss) on futures, written options and
swap contracts.......................................... -- --
Net realized gain (loss) on foreign currency
transactions............................................ 42 --
-------- -------
NET REALIZED GAIN (LOSS) ON INVESTMENTS, FUTURES, OPTIONS
AND SWAP CONTRACTS AND FOREIGN CURRENCY TRANSACTION:...... 92,921 49,007
-------- -------
NET CHANGES IN UNREALIZED APPRECIATION (DEPRECIATION) OF
INVESTMENTS, FUTURES, OPTIONS AND SWAP CONTRACTS AND
FOREIGN CURRENCY TRANSACTIONS:
Net unrealized appreciation (depreciation) of
investments............................................. 10,443 (1,226)
Net unrealized appreciation (depreciation) of futures,
written options and swap contracts...................... -- --
Net unrealized appreciation (depreciation) on translation
of other assets and liabilities in foreign currencies... (19) --
-------- -------
NET CHANGES IN UNREALIZED APPRECIATION (DEPRECIATION) OF
INVESTMENTS, FUTURES, OPTIONS AND SWAP CONTRACTS AND
FOREIGN CURRENCY TRANSACTIONS............................. 10,424 (1,226)
-------- -------
NET GAIN (LOSS) ON INVESTMENTS, FUTURES, OPTIONS AND SWAP
CONTRACTS AND FOREIGN CURRENCY TRANSACTION:............... 103,345 47,781
-------- -------
PAYMENT FROM AFFILIATE (SEE NOTE 3G ON ACCOMPANYING NOTES TO
FINANCIAL STATEMENTS)..................................... 1,265 --
-------- -------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM
OPERATIONS................................................ $115,541 $55,801
======== =======
</Table>
* Relates to investments in affiliated investment companies.
+ Formally known as Aggressive Growth Allocation Fund.
n Classes H, M and N were merged into Class L on February 9, 2007. Please refer
to Note 8 in the Notes to Financial Statements for further details.
@ Realized gains on written options were $1,212 for the Capital Appreciation
Fund and $7 for the Disciplined Equity Fund.
The accompanying notes are an integral part of these financial statements.
274
- --------------------------------------------------------------------------------
<Table>
<Caption>
BALANCED CAPITAL CAPITAL CONSERVATIVE DISCIPLINED EQUITY GROWTH EQUITY
INCOME APPRECIATION APPRECIATION II ALLOCATION EQUITY DIVIDEND AND ALLOCATION INCOME
FUND FUND FUND FUND* FUND GROWTH FUND FUND*+ FUND
-------- ------------ --------------- ------------ ----------- ------------ ------------- -------
$ 131 $ 113,186 $ 3,371 $2,843 $ 3,161 $ 41,588 $ 1,431 $11,902
301 22,345 775 -- 38 2,873 -- 585
-- 560 23 -- 3 653 -- 2
-- (3,976) (136) -- -- (321) -- --
------- ---------- ------- ------ ------- -------- ------- -------
432 132,115 4,033 2,843 3,202 44,793 1,431 12,489
------- ---------- ------- ------ ------- -------- ------- -------
67 51,911 2,580 123 1,379 11,282 168 3,103
4 12,170 453 76 369 3,011 236 544
21 12,533 410 124 231 3,467 163 736
3 9,567 208 109 173 1,868 183 233
5 16,219 729 209 141 1,649 283 326
-- -- -- -- -- -- -- --
-- -- -- -- -- -- -- --
-- -- -- -- -- -- -- --
-- -- -- -- -- -- -- --
-- -- -- -- -- -- -- --
-- -- -- -- -- -- -- --
3 241 14 -- 2 2 -- 1
1 1,187 40 8 26 270 11 61
20 344 54 33 27 110 36 59
-- 92 1 1 3 24 1 4
-- -- -- -- -- -- -- --
9 2,767 51 36 93 690 46 127
------- ---------- ------- ------ ------- -------- ------- -------
133 107,031 4,540 719 2,444 22,373 1,127 5,194
(12) -- -- (30) (49) -- (68) (408)
-- -- (3) -- (14) -- -- --
-- (322) (16) -- (4) (31) -- (10)
-- (23) (2) -- -- (3) -- (1)
------- ---------- ------- ------ ------- -------- ------- -------
(12) (345) (21) (30) (67) (34) (68) (419)
------- ---------- ------- ------ ------- -------- ------- -------
121 106,686 4,519 689 2,377 22,339 1,059 4,775
------- ---------- ------- ------ ------- -------- ------- -------
311 25,429 (486) 2,154 825 22,454 372 7,714
------- ---------- ------- ------ ------- -------- ------- -------
-- -- -- 2,853 -- -- 10,946 --
121 867,777 25,367 3,976 26,058 82,572 8,974 10,701
(11) 1,212@ -- -- 7@ -- -- --
-- (1,611) (31) -- -- -- -- --
------- ---------- ------- ------ ------- -------- ------- -------
110 867,378 25,336 6,829 26,065 82,572 19,920 10,701
------- ---------- ------- ------ ------- -------- ------- -------
791 286,562 39,996 (356) 4,403 247,298 2,149 62,713
1 -- -- -- 34 -- -- --
1 (30,776) 3 -- -- -- -- --
------- ---------- ------- ------ ------- -------- ------- -------
793 255,786 39,999 (356) 4,437 247,298 2,149 62,713
------- ---------- ------- ------ ------- -------- ------- -------
903 1,123,164 65,335 6,473 30,502 329,870 22,069 73,414
------- ---------- ------- ------ ------- -------- ------- -------
-- 5,181 -- -- 292 1,018 -- --
------- ---------- ------- ------ ------- -------- ------- -------
$ 1,214 $1,153,774 $64,849 $8,627 $31,619 $353,342 $22,441 $81,128
======= ========== ======= ====== ======= ======== ======= =======
</Table>
275
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF OPERATIONS -- (CONTINUED)
FOR THE SIX MONTH PERIOD ENDED APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
FLOATING FUNDAMENTAL
RATE GROWTH
FUND FUND>
-------- -----------
INVESTMENT INCOME:
Dividends................................................. $ 184 $ 438
Interest.................................................. 126,877 16
Securities lending........................................ 2 3
Less: Foreign tax withheld................................ -- (11)
-------- ------
Total investment income, net............................ 127,063 446
-------- ------
EXPENSES:
Investment management and advisory fees................... 10,164 292
Transfer agent fees....................................... 799 82
Distribution fees
Class A................................................. 2,264 49
Class B................................................. 259 65
Class C................................................. 5,814 65
Class Hn................................................ -- --
Class L................................................. -- --
Class Mn................................................ -- --
Class Nn................................................ -- --
Class R3................................................ -- --
Class R4................................................ -- --
Custodian fees............................................ 1 2
Accounting services....................................... 251 5
Registration and filing fees.............................. 139 22
Board of Directors' fees.................................. 5 1
Interest expense.......................................... -- --
Other expenses............................................ 241 25
-------- ------
Total expenses (before waivers and fees paid
indirectly)............................................ 19,937 608
Expense waivers........................................... (4) (23)
Transfer agent fee waivers................................ -- --
Commission recapture...................................... -- (1)
Custodian fee offset...................................... (5) --
-------- ------
Total waivers and fees paid indirectly.................. (9) (24)
-------- ------
Total expenses, net..................................... 19,928 584
-------- ------
Net investment income (loss).............................. 107,135 (138)
-------- ------
NET REALIZED GAIN (LOSS) ON INVESTMENTS, FUTURES, OPTIONS
AND SWAP CONTRACTS AND FOREIGN CURRENCY TRANSACTIONS:
Capital gain distribution received from underlying
affiliated funds........................................ -- --
Net realized gain (loss) on investments................... (2,118) 3,825
Net realized gain (loss) on futures, written options and
swap contracts.......................................... -- --
Net realized gain (loss) on foreign currency
transactions............................................ (13) (2)
-------- ------
NET REALIZED GAIN (LOSS) ON INVESTMENTS, FUTURES, OPTIONS
AND SWAP CONTRACTS AND FOREIGN CURRENCY TRANSACTION:...... (2,131) 3,823
-------- ------
NET CHANGES IN UNREALIZED APPRECIATION (DEPRECIATION) OF
INVESTMENTS, FUTURES, OPTIONS AND SWAP CONTRACTS AND
FOREIGN CURRENCY TRANSACTIONS:
Net unrealized appreciation (depreciation) of
investments............................................. 12,387 1,940
Net unrealized appreciation (depreciation) of futures,
written options and swap contracts...................... -- --
Net unrealized appreciation (depreciation) on translation
of other assets and liabilities in foreign currencies... 86 --
-------- ------
NET CHANGES IN UNREALIZED APPRECIATION (DEPRECIATION) OF
INVESTMENTS, FUTURES, OPTIONS AND SWAP CONTRACTS AND
FOREIGN CURRENCY TRANSACTIONS............................. 12,473 1,940
-------- ------
NET GAIN (LOSS) ON INVESTMENTS, FUTURES, OPTIONS AND SWAP
CONTRACTS AND FOREIGN CURRENCY TRANSACTION:............... 10,342 5,763
-------- ------
PAYMENT FROM AFFILIATE (SEE NOTE 3G ON ACCOMPANYING NOTES TO
FINANCIAL STATEMENTS)..................................... -- 193
-------- ------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM
OPERATIONS................................................ $117,477 $5,818
======== ======
</Table>
* Relates to investments in affiliated investment companies.
> Formally known as Focus Fund.
n Classes H, M and N were merged into Class L on February 9, 2007. Please refer
to Note 8 in the Notes to Financial Statements for further details.
The accompanying notes are an integral part of these financial statements.
276
- --------------------------------------------------------------------------------
<Table>
<Caption>
GLOBAL GLOBAL GLOBAL GLOBAL GLOBAL GROWTH GROWTH
COMMUNICATIONS FINANCIAL HEALTH LEADERS TECHNOLOGY ALLOCATION GROWTH OPPORTUNITIES
FUND SERVICES FUND FUND FUND FUND FUND* FUND FUND
-------------- ------------- ------- ------- ---------- ---------- ------- -------------
$ 368 $ 462 $ 4,035 $ 2,936 $ 137 $ 7,028 $ 5,630 $ 10,006
23 28 586 333 11 -- 228 626
20 1 107 93 2 -- 34 224
(16) (36) (120) (254) (2) -- (36) (93)
------ ------ ------- ------- ------ ------- ------- --------
395 455 4,608 3,108 148 7,028 5,856 10,763
------ ------ ------- ------- ------ ------- ------- --------
150 142 3,522 3,020 269 478 4,320 4,747
46 41 707 1,039 161 555 852 1,151
26 27 514 525 42 503 794 578
24 20 403 369 64 581 209 178
32 23 528 329 60 944 405 266
-- -- -- -- -- -- 42 95
-- -- -- -- -- -- 351 764
-- -- -- -- -- -- 44 61
-- -- -- -- -- -- 11 15
-- -- -- -- -- -- -- --
-- -- -- -- -- -- -- --
3 2 5 28 5 -- 5 15
2 2 60 55 4 35 86 93
23 20 34 35 28 55 88 78
-- -- 5 5 -- 4 10 8
-- -- -- -- -- -- -- --
13 11 148 158 20 119 334 285
------ ------ ------- ------- ------ ------- ------- --------
319 288 5,926 5,563 653 3,274 7,551 8,334
(13) (7) -- (69) (85) (126) (42) (378)
(2) (3) (5) (72) (57) -- (12) (267)
(8) (1) (46) (24) (3) -- (67) (93)
-- -- -- (3) (1) -- (4) (6)
------ ------ ------- ------- ------ ------- ------- --------
(23) (11) (51) (168) (146) (126) (125) (744)
------ ------ ------- ------- ------ ------- ------- --------
296 277 5,875 5,395 507 3,148 7,426 7,590
------ ------ ------- ------- ------ ------- ------- --------
99 178 (1,267) (2,287) (359) 3,880 (1,570) 3,173
------ ------ ------- ------- ------ ------- ------- --------
-- -- -- -- -- 28,415 -- --
661 2,951 30,964 41,774 3,068 27,808 35,467 89,643
-- -- -- -- -- -- -- --
(6) 4 1 (26) (1) -- 2 26
------ ------ ------- ------- ------ ------- ------- --------
655 2,955 30,965 41,748 3,067 56,223 35,469 89,669
------ ------ ------- ------- ------ ------- ------- --------
3,580 (506) 40,935 25,557 1,588 (1,062) 37,880 80,389
-- -- -- -- -- -- -- --
(1) 1 (12) (34) -- -- (1) (2)
------ ------ ------- ------- ------ ------- ------- --------
3,579 (505) 40,923 25,523 1,588 (1,062) 37,879 80,387
------ ------ ------- ------- ------ ------- ------- --------
4,234 2,450 71,888 67,271 4,655 55,161 73,348 170,056
------ ------ ------- ------- ------ ------- ------- --------
5 5 105 1,914 22 -- 154 413
------ ------ ------- ------- ------ ------- ------- --------
$4,338 $2,633 $70,726 $66,898 $4,318 $59,041 $71,932 $173,642
====== ====== ======= ======= ====== ======= ======= ========
</Table>
277
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF OPERATIONS -- (CONTINUED)
FOR THE SIX MONTH PERIOD ENDED APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
HIGH INCOME
YIELD ALLOCATION
FUND FUND*
------- ----------
INVESTMENT INCOME:
Dividends................................................. $ 140 $ 937
Interest.................................................. 11,324 --
Securities lending........................................ 86 --
Less: Foreign tax withheld................................ -- --
------- ------
Total investment income, net............................ 11,550 937
------- ------
EXPENSES:
Investment management and advisory fees................... 1,038 31
Transfer agent fees....................................... 312 27
Distribution fees
Class A................................................. 244 35
Class B................................................. 183 27
Class C................................................. 198 37
Class Hn................................................ -- --
Class L................................................. -- --
Class Mn................................................ -- --
Class Nn................................................ -- --
Class R3................................................ -- --
Class R4................................................ -- --
Custodian fees............................................ 12 --
Accounting services....................................... 21 2
Registration and filing fees.............................. 30 26
Board of Directors' fees.................................. 2 --
Interest expense.......................................... -- --
Other expenses............................................ 88 13
------- ------
Total expenses (before waivers and fees paid
indirectly)............................................ 2,128 198
Expense waivers........................................... (287) (37)
Transfer agent fee waivers................................ -- --
Commission recapture...................................... -- --
Custodian fee offset...................................... (6) --
------- ------
Total waivers and fees paid indirectly.................. (293) (37)
------- ------
Total expenses, net..................................... 1,835 161
------- ------
Net investment income (loss).............................. 9,715 776
------- ------
NET REALIZED GAIN (LOSS) ON INVESTMENTS, FUTURES, OPTIONS
AND SWAP CONTRACTS AND FOREIGN CURRENCY TRANSACTIONS:
Capital gain distribution received from underlying
affiliated funds........................................ -- --
Net realized gain (loss) on investments................... 6,690 (141)
Net realized gain (loss) on futures, written options and
swap contracts.......................................... (82) --
Net realized gain (loss) on foreign currency
transactions............................................ 52 --
------- ------
NET REALIZED GAIN (LOSS) ON INVESTMENTS, FUTURES, OPTIONS
AND SWAP CONTRACTS AND FOREIGN CURRENCY TRANSACTION:...... 6,660 (141)
------- ------
NET CHANGES IN UNREALIZED APPRECIATION (DEPRECIATION) OF
INVESTMENTS, FUTURES, OPTIONS AND SWAP CONTRACTS AND
FOREIGN CURRENCY TRANSACTIONS:
Net unrealized appreciation (depreciation) of
investments............................................. 3,667 459
Net unrealized appreciation (depreciation) of futures,
written options and swap contracts...................... 56 --
Net unrealized appreciation (depreciation) on translation
of other assets and liabilities in foreign currencies... (5) --
------- ------
NET CHANGES IN UNREALIZED APPRECIATION (DEPRECIATION) OF
INVESTMENTS, FUTURES, OPTIONS AND SWAP CONTRACTS AND
FOREIGN CURRENCY TRANSACTIONS............................. 3,718 459
------- ------
NET GAIN (LOSS) ON INVESTMENTS, FUTURES, OPTIONS AND SWAP
CONTRACTS AND FOREIGN CURRENCY TRANSACTION:............... 10,378 318
------- ------
PAYMENT FROM AFFILIATE (SEE NOTE 3G ON ACCOMPANYING NOTES TO
FINANCIAL STATEMENTS)..................................... -- --
------- ------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM
OPERATIONS................................................ $20,093 $1,094
======= ======
</Table>
* Relates to investments in affiliated investment companies.
** Commenced operations on November 30, 2006.
n Classes H, M and N were merged into Class L on February 9, 2007. Please refer
to Note 8 in the Notes to Financial Statements for further details.
The accompanying notes are an integral part of these financial statements.
278
- --------------------------------------------------------------------------------
<Table>
<Caption>
INFLATION INTERNATIONAL INTERNATIONAL INTERNATIONAL LARGECAP MIDCAP
INCOME PLUS CAPITAL OPPORTUNITIES SMALL GROWTH MIDCAP GROWTH
FUND FUND APPRECIATION FUND FUND COMPANY FUND FUND** FUND FUND
------ --------- ----------------- ------------- ------------- -------- -------- ------
$ 33 $ -- $ 2,317 $ 2,310 $ 1,829 $ 42 $ 29,685 $ 42
5,616 6,881 435 183 173 8 2,285 12
21 -- 95 107 134 -- 117 --
-- -- (270) (254) (208) -- (145) (1)
------ ------ ------- ------- ------- ---- -------- ------
5,670 6,881 2,577 2,346 1,928 50 31,942 53
------ ------ ------- ------- ------- ---- -------- ------
526 1,861 1,642 1,389 1,051 28 11,200 57
63 305 458 400 169 -- 2,657 4
55 298 334 222 113 10 2,403 16
40 416 188 155 71 1 2,268 2
55 1,031 240 115 111 1 2,513 4
-- -- -- -- -- -- -- --
-- -- -- -- -- -- -- --
-- -- -- -- -- -- -- --
-- -- -- -- -- -- -- --
-- -- -- -- -- -- -- --
-- -- -- -- -- -- -- --
4 2 24 22 19 -- 8 2
13 47 27 25 18 1 229 1
24 69 41 28 27 21 75 20
-- 7 2 1 1 -- 24 --
-- 948 -- -- -- -- -- --
22 246 80 51 44 4 688 10
------ ------ ------- ------- ------- ---- -------- ------
802 5,230 3,036 2,408 1,624 66 22,065 116
(51) (642) (4) (19) (5) (12) -- (66)
-- -- (10) (30) (10) -- -- --
-- -- (10) (3) (4) -- (194) --
(3) (2) (3) (3) (1) -- (10) (1)
------ ------ ------- ------- ------- ---- -------- ------
(54) (644) (27) (55) (20) (12) (204) (67)
------ ------ ------- ------- ------- ---- -------- ------
748 4,586 3,009 2,353 1,604 54 21,861 49
------ ------ ------- ------- ------- ---- -------- ------
4,922 2,295 (432) (7) 324 (4) 10,081 4
------ ------ ------- ------- ------- ---- -------- ------
-- -- -- -- -- -- -- --
955 (3,294) 46,254 32,549 25,198 38 143,042 2,600
(212) 13 (417) -- -- -- -- --
(86) (148) (170) (13) (38) -- (3) --
------ ------ ------- ------- ------- ---- -------- ------
657 (3,429) 45,667 32,536 25,160 38 143,039 2,600
------ ------ ------- ------- ------- ---- -------- ------
329 9,311 (1,987) 11,453 13,469 502 276,055 (189)
82 32 -- -- -- -- -- --
41 103 14 48 (2) -- 14 --
------ ------ ------- ------- ------- ---- -------- ------
452 9,446 (1,973) 11,501 13,467 502 276,069 (189)
------ ------ ------- ------- ------- ---- -------- ------
1,109 6,017 43,694 44,037 38,627 540 419,108 2,411
------ ------ ------- ------- ------- ---- -------- ------
-- -- 6 28 -- -- 2,459 24
------ ------ ------- ------- ------- ---- -------- ------
$6,031 $8,312 $43,268 $44,058 $38,951 $536 $431,648 $2,439
====== ====== ======= ======= ======= ==== ======== ======
</Table>
279
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF OPERATIONS -- (CONTINUED)
FOR THE SIX MONTH PERIOD ENDED APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MIDCAP MONEY
VALUE MARKET
FUND FUND
------- ------
INVESTMENT INCOME:
Dividends................................................. $3,258 $ --
Interest.................................................. 101 7,033
Securities lending........................................ 33 --
Less: Foreign tax withheld................................ (105) --
------- ------
Total investment income, net............................ 3,287 7,033
------- ------
EXPENSES:
Investment management and advisory fees................... 1,897 654
Transfer agent fees....................................... 534 419
Distribution fees
Class A................................................. 394 270
Class B................................................. 318 128
Class C................................................. 323 79
Class Hn................................................ -- --
Class L................................................. -- --
Class Mn................................................ -- --
Class Nn................................................ -- --
Class R3................................................ -- --
Class R4................................................ -- --
Custodian fees............................................ 3 1
Accounting services....................................... 33 20
Registration and filing fees.............................. 28 40
Board of Directors' fees.................................. 3 2
Interest expense.......................................... -- --
Other expenses............................................ 114 58
------- ------
Total expenses (before waivers and fees paid
indirectly)............................................ 3,647 1,671
Expense waivers........................................... (57) (281)
Transfer agent fee waivers................................ -- --
Commission recapture...................................... (13) --
Custodian fee offset...................................... -- --
------- ------
Total waivers and fees paid indirectly.................. (70) (281)
------- ------
Total expenses, net..................................... 3,577 1,390
------- ------
Net investment income (loss).............................. (290) 5,643
------- ------
NET REALIZED GAIN (LOSS) ON INVESTMENTS, FUTURES, OPTIONS
AND SWAP CONTRACTS AND FOREIGN CURRENCY TRANSACTIONS:
Capital gain distribution received from underlying
affiliated funds........................................ -- --
Net realized gain (loss) on investments................... 36,745 1
Net realized gain (loss) on futures, written options and
swap contracts.......................................... -- --
Net realized gain (loss) on foreign currency
transactions............................................ (5) --
------- ------
NET REALIZED GAIN (LOSS) ON INVESTMENTS, FUTURES, OPTIONS
AND SWAP CONTRACTS AND FOREIGN CURRENCY TRANSACTION:...... 36,740 1
------- ------
NET CHANGES IN UNREALIZED APPRECIATION (DEPRECIATION) OF
INVESTMENTS, FUTURES, OPTIONS AND SWAP CONTRACTS AND
FOREIGN CURRENCY TRANSACTIONS:
Net unrealized appreciation (depreciation) of
investments............................................. 29,269 --
Net unrealized appreciation (depreciation) of futures,
written options and swap contracts...................... -- --
Net unrealized appreciation (depreciation) on translation
of other assets and liabilities in foreign currencies... 1 --
------- ------
NET CHANGES IN UNREALIZED APPRECIATION (DEPRECIATION) OF
INVESTMENTS, FUTURES, OPTIONS AND SWAP CONTRACTS AND
FOREIGN CURRENCY TRANSACTIONS............................. 29,270 --
------- ------
NET GAIN (LOSS) ON INVESTMENTS, FUTURES, OPTIONS AND SWAP
CONTRACTS AND FOREIGN CURRENCY TRANSACTION:............... 66,010 1
------- ------
PAYMENT FROM AFFILIATE (SEE NOTE 3G ON ACCOMPANYING NOTES TO
FINANCIAL STATEMENTS)..................................... 55 --
------- ------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM
OPERATIONS................................................ $65,775 $5,644
======= ======
</Table>
* Relates to investments in affiliated investment companies.
n Classes H, M and N were merged into Class L on February 9, 2007. Please refer
to Note 8 in the Notes to Financial Statements for further details.
The accompanying notes are an integral part of these financial statements.
280
- --------------------------------------------------------------------------------
<Table>
<Caption>
RETIREMENT SELECT SELECT SELECT SHORT SMALL SMALLCAP
INCOME MIDCAP MIDCAP SMALLCAP DURATION COMPANY GROWTH STOCK
FUND* GROWTH FUND VALUE FUND VALUE FUND FUND FUND FUND FUND
---------- ----------- ---------- ---------- -------- ------- -------- --------
$ 20 $ 122 $ 457 $ 838 $ -- $1,960 $ 1,806 $ 9,144
-- 7 26 132 5,031 374 209 120
-- 6 2 -- -- 138 647 63
-- -- -- (1) -- (26) -- (155)
---- ------ ------- ------ ------ ------- ------- --------
20 135 485 969 5,031 2,446 2,662 9,172
---- ------ ------- ------ ------ ------- ------- --------
1 117 229 473 515 1,842 1,856 4,313
-- 47 57 4 44 461 665 1,737
1 25 49 21 33 267 314 852
1 19 20 2 32 263 95 1,059
1 20 39 2 66 258 124 790
-- -- -- -- -- -- 38 --
-- -- -- -- -- -- 163 --
-- -- -- -- -- -- 40 --
-- -- -- -- -- -- 16 --
-- -- -- -- -- -- -- --
-- -- -- -- -- -- -- --
-- 6 9 4 2 14 11 12
-- 2 4 7 14 33 34 88
31 29 38 20 26 18 54 43
-- -- -- -- 1 2 2 10
-- -- -- -- -- -- -- --
10 14 16 8 38 79 141 328
---- ------ ------- ------ ------ ------- ------- --------
45 279 461 541 771 3,237 3,553 9,232
(41) (47) (40) -- (37) (49) (299) (507)
-- (3) (1) -- -- (10) (232) (45)
-- -- -- -- -- (50) (19) (35)
-- (2) (5) (4) (2) (2) (2) (4)
---- ------ ------- ------ ------ ------- ------- --------
(41) (52) (46) (4) (39) (111) (552) (591)
---- ------ ------- ------ ------ ------- ------- --------
4 227 415 537 732 3,126 3,001 8,641
---- ------ ------- ------ ------ ------- ------- --------
16 (92) 70 432 4,299 (680) (339) 531
---- ------ ------- ------ ------ ------- ------- --------
16 -- -- -- -- -- -- --
6 3,427 8,850 3,660 (142) 45,708 14,738 86,480
-- -- -- 61 -- -- 23 --
-- -- -- -- -- (29) -- 43
---- ------ ------- ------ ------ ------- ------- --------
22 3,427 8,850 3,721 (142) 45,679 14,761 86,523
---- ------ ------- ------ ------ ------- ------- --------
20 602 (1,930) 3,775 221 9,214 18,989 19,050
-- -- -- 11 -- -- (359) --
-- -- -- -- -- (1) -- (19)
---- ------ ------- ------ ------ ------- ------- --------
20 602 (1,930) 3,786 221 9,213 18,630 19,031
---- ------ ------- ------ ------ ------- ------- --------
42 4,029 6,920 7,507 79 54,892 33,391 105,554
---- ------ ------- ------ ------ ------- ------- --------
-- -- -- -- -- 671 39 1,568
---- ------ ------- ------ ------ ------- ------- --------
$ 58 $3,937 $ 6,990 $7,939 $4,378 $54,883 $33,091 $107,653
==== ====== ======= ====== ====== ======= ======= ========
</Table>
281
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF OPERATIONS -- (CONTINUED)
FOR THE SIX MONTH PERIOD ENDED APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
TARGET TARGET
RETIREMENT RETIREMENT
2010 FUND* 2020 FUND*
---------- ----------
INVESTMENT INCOME:
Dividends................................................. $ 62 $ 70
Interest.................................................. -- --
Securities lending........................................ -- --
Less: Foreign tax withheld................................ -- --
---- ----
Total investment income, net............................ 62 70
---- ----
EXPENSES:
Investment management and advisory fees................... 3 4
Transfer agent fees....................................... 1 3
Distribution fees
Class A................................................. 4 6
Class B................................................. 1 2
Class C................................................. 3 2
Class Hn................................................ -- --
Class L................................................. -- --
Class Mn................................................ -- --
Class Nn................................................ -- --
Class R3................................................ -- --
Class R4................................................ -- --
Custodian fees............................................ -- --
Accounting services....................................... -- --
Registration and filing fees.............................. 30 31
Board of Directors' fees.................................. -- --
Interest expense.......................................... -- --
Other expenses............................................ 11 12
---- ----
Total expenses (before waivers and fees paid
indirectly)............................................ 53 60
Expense waivers........................................... (40) (43)
Transfer agent fee waivers................................ -- --
Commission recapture...................................... -- --
Custodian fee offset...................................... -- --
---- ----
Total waivers and fees paid indirectly.................. (40) (43)
---- ----
Total expenses, net..................................... 13 17
---- ----
Net investment income (loss).............................. 49 53
---- ----
NET REALIZED GAIN (LOSS) ON INVESTMENTS, FUTURES, OPTIONS
AND SWAP CONTRACTS AND FOREIGN CURRENCY TRANSACTIONS:
Capital gain distribution received from underlying
affiliated funds........................................ 65 101
Net realized gain (loss) on investments................... 23 39
Net realized gain (loss) on futures, written options and
swap contracts.......................................... -- --
Net realized gain (loss) on foreign currency
transactions............................................ -- --
---- ----
NET REALIZED GAIN (LOSS) ON INVESTMENTS, FUTURES, OPTIONS
AND SWAP CONTRACTS AND FOREIGN CURRENCY TRANSACTION:...... 88 140
---- ----
NET CHANGES IN UNREALIZED APPRECIATION (DEPRECIATION) OF
INVESTMENTS, FUTURES, OPTIONS AND SWAP CONTRACTS AND
FOREIGN CURRENCY TRANSACTIONS:
Net unrealized appreciation (depreciation) of
investments............................................. 114 222
Net unrealized appreciation (depreciation) of futures,
written options and swap contracts...................... -- --
Net unrealized appreciation (depreciation) on translation
of other assets and liabilities in foreign currencies... -- --
---- ----
NET CHANGES IN UNREALIZED APPRECIATION (DEPRECIATION) OF
INVESTMENTS, FUTURES, OPTIONS AND SWAP CONTRACTS AND
FOREIGN CURRENCY TRANSACTIONS............................. 114 222
---- ----
NET GAIN (LOSS) ON INVESTMENTS, FUTURES, OPTIONS AND SWAP
CONTRACTS AND FOREIGN CURRENCY TRANSACTION:............... 202 362
---- ----
PAYMENT FROM AFFILIATE (SEE NOTE 3G ON ACCOMPANYING NOTES TO
FINANCIAL STATEMENTS)..................................... -- --
---- ----
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM
OPERATIONS................................................ $251 $415
==== ====
</Table>
* Relates to investments in affiliated investment companies.
** Commenced operations on November 30, 2006.
n Classes H, M and N were merged into Class L on February 9, 2007. Please refer
to Note 8 in the Notes to Financial Statements for further details.
The accompanying notes are an integral part of these financial statements.
282
- --------------------------------------------------------------------------------
<Table>
<Caption>
TARGET TAX-FREE TAX-FREE TAX-FREE TAX-FREE TOTAL U.S. GOVERNMENT VALUE
RETIREMENT CALIFORNIA MINNESOTA NATIONAL NEW YORK RETURN SECURITIES VALUE OPPORTUNITIES
2030 FUND* FUND FUND FUND FUND BOND FUND FUND FUND FUND
---------- ---------- --------- -------- -------- --------- --------------- ------- -------------
$ 42 $ -- $ -- $ -- $ -- $ -- $ -- $ 3,699 $ 2,280
-- 721 860 3,480 366 26,155 5,479 219 81
-- -- -- -- -- 111 5 6 15
-- -- -- -- -- -- -- (1) (105)
---- ---- ----- ------ ---- ------- ------ ------- -------
42 721 860 3,480 366 26,266 5,484 3,923 2,271
---- ---- ----- ------ ---- ------- ------ ------- -------
4 84 128 520 43 2,505 538 1,380 994
3 4 4 28 1 721 109 123 204
5 32 10 102 14 592 58 104 156
2 8 4 36 9 403 80 62 99
1 18 3 78 13 381 45 67 125
-- -- -- -- -- -- 5 -- 10
-- -- 4 10 -- -- 39 -- 50
-- -- -- 3 -- -- 6 -- 20
-- -- 1 1 -- -- 2 -- 6
-- -- -- -- -- -- -- -- --
-- -- -- -- -- -- -- -- --
-- 1 1 1 1 6 2 2 7
-- 2 2 10 1 70 10 26 16
30 3 7 43 3 47 45 26 54
-- -- -- 1 -- 5 2 1 2
-- -- -- -- -- -- -- -- --
9 10 15 34 10 172 59 40 75
---- ---- ----- ------ ---- ------- ------ ------- -------
54 162 179 867 95 4,902 1,000 1,831 1,818
(40) (12) (37) (196) (11) (248) (90) (4) (104)
-- -- -- -- -- -- (2) (1) (1)
-- -- -- -- -- -- -- (5) (4)
-- (1) (1) (1) (1) (4) -- (1) --
---- ---- ----- ------ ---- ------- ------ ------- -------
(40) (13) (38) (197) (12) (252) (92) (11) (109)
---- ---- ----- ------ ---- ------- ------ ------- -------
14 149 141 670 83 4,650 908 1,820 1,709
---- ---- ----- ------ ---- ------- ------ ------- -------
28 572 719 2,810 283 21,616 4,576 2,103 562
---- ---- ----- ------ ---- ------- ------ ------- -------
101 -- -- -- -- -- -- -- --
49 (8) 70 200 9 6,452 122 4,621 25,347
-- -- -- -- -- 99 (248) -- --
-- -- -- -- -- (549) (1) -- (6)
---- ---- ----- ------ ---- ------- ------ ------- -------
150 (8) 70 200 9 6,002 (127) 4,621 25,341
---- ---- ----- ------ ---- ------- ------ ------- -------
256 (84) (329) (818) (76) (1,962) (57) 29,409 (1,045)
-- -- -- -- -- (112) (35) -- --
-- -- -- -- -- 177 -- -- 8
---- ---- ----- ------ ---- ------- ------ ------- -------
256 (84) (329) (818) (76) (1,897) (92) 29,409 (1,037)
---- ---- ----- ------ ---- ------- ------ ------- -------
406 (92) (259) (618) (67) 4,105 (219) 34,030 24,304
---- ---- ----- ------ ---- ------- ------ ------- -------
-- -- -- -- -- -- -- 11 17
---- ---- ----- ------ ---- ------- ------ ------- -------
$434 $480 $ 460 $2,192 $216 $25,721 $4,357 $36,144 $24,883
==== ==== ===== ====== ==== ======= ====== ======= =======
</Table>
283
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF CHANGES IN NET ASSETS
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
ADVISERS FUND BALANCED ALLOCATION FUND*
------------------------------------ ------------------------------------
FOR THE SIX-MONTH FOR THE SIX-MONTH FOR THE PERIOD
PERIOD ENDED FOR THE YEAR PERIOD ENDED JULY 31, 2006**
APRIL 30, 2007 ENDED APRIL 30, 2007 THROUGH
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
----------------- ---------------- ----------------- ----------------
OPERATIONS:
Net investment income (loss)....................... $ 10,931 $ 28,925 $ 8,020 $ 7,389
Net realized gain (loss) on investments, futures,
options and swap contracts and foreign currency
transactions..................................... 92,921 192,670 49,007 18,415
Net unrealized appreciation (depreciation) of
investments, futures, options and swap contracts
and foreign currency transactions................ 10,424 (37,019) (1,226) 36,316
Payment from affiliate............................. 1,265 -- -- --
---------- ---------- -------- --------
Net increase in net assets resulting from
operations....................................... 115,541 184,576 55,801 62,120
---------- ---------- -------- --------
DISTRIBUTIONS TO SHAREHOLDERS:
From net investment income
Class A.......................................... (9,148) (21,102) (9,715) (6,476)
Class B.......................................... (1,269) (4,044) (1,857) (1,012)
Class C.......................................... (1,022) (2,643) (2,998) (1,529)
Class E(CC)...................................... -- -- -- --
Class H(CC)...................................... -- -- -- --
Class I.......................................... -- -- (17) --
Class L.......................................... -- -- -- --
Class M(CC)...................................... -- -- -- --
Class N(CC)...................................... -- -- -- --
Class R3......................................... -- -- -- --
Class R4......................................... -- -- -- --
Class R5......................................... -- -- -- --
Class Y.......................................... (193) (381) -- --
Class Z(CC)...................................... -- -- -- --
From net realized gain on investments
Class A.......................................... (6,251) -- (10,441) (535)
Class B.......................................... (1,942) -- (2,510) (147)
Class C.......................................... (1,238) -- (3,938) (208)
Class E(CC)...................................... -- -- -- --
Class H(CC)...................................... -- -- -- --
Class I.......................................... -- -- (8) --
Class L.......................................... -- -- -- --
Class M(CC)...................................... -- -- -- --
Class N(CC)...................................... -- -- -- --
Class R3......................................... -- -- -- --
Class R4......................................... -- -- -- --
Class R5......................................... -- -- -- --
Class Y.......................................... (99) -- -- --
Class Z(CC)...................................... -- -- -- --
---------- ---------- -------- --------
Total distributions.............................. (21,162) (28,170) (31,484) (9,907)
---------- ---------- -------- --------
CAPITAL SHARE TRANSACTIONS:
Class A.......................................... (69,955) (213,361) 64,961 158,776
Class B.......................................... (67,997) (129,449) 10,936 28,305
Class C.......................................... (18,988) (54,492) 29,171 55,648
Class E(CC)...................................... -- -- -- --
Class H(CC)...................................... -- -- -- --
Class I.......................................... -- -- 796 348
Class L.......................................... -- -- -- --
Class M(CC)...................................... -- -- -- --
Class N(CC)...................................... -- -- -- --
Class R3......................................... 10 -- 10 --
Class R4......................................... 10 -- 10 --
Class R5......................................... 10 -- 10 --
Class Y.......................................... 441 929 -- --
Class Z(CC)...................................... -- -- -- --
---------- ---------- -------- --------
Net increase (decrease) from capital share
transactions..................................... (156,469) (396,373) 105,894 243,077
---------- ---------- -------- --------
Net increase (decrease) in net assets.............. (62,090) (239,967) 130,211 295,290
NET ASSETS:
Beginning of period................................ 1,689,386 1,929,353 734,035 438,745
---------- ---------- -------- --------
End of period...................................... $1,627,296 $1,689,386 $864,246 $734,035
========== ========== ======== ========
Accumulated undistributed (distribution in excess
of) net investment income.......................... $ 2,646 $ 3,002 $ (6,072) $ 495
========== ========== ======== ========
</Table>
* Relates to investments in affiliated investment companies.
(CC) Classes H, M and N were merged into Class L and Classes E and Z were merged
into Class Y on February 9, 2007. Please refer to Note 8 in the Notes to
Financial Statements for further details.
The accompanying notes are an integral part of these financial statements.
284
- --------------------------------------------------------------------------------
<Table>
<Caption>
BALANCED INCOME FUND CAPITAL APPRECIATION FUND CAPITAL APPRECIATION II FUND
- ---------------------------------------- ------------------------------------ ------------------------------------
FOR THE SIX-MONTH FOR THE SIX-MONTH FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
- --------------------- ---------------- ----------------- ---------------- ----------------- ----------------
$ 311 $ 93 $ 25,429 $ 27,889 $ (486) $ (777)
110 (22) 867,378 1,151,100 25,336 8,124
793 436 255,786 876,917 39,999 22,928
-- -- 5,181 -- -- --
------- ------- ----------- ----------- -------- --------
1,214 507 1,153,774 2,055,906 64,849 30,275
------- ------- ----------- ----------- -------- --------
(265) (57) (33,636) -- -- --
(8) (1) -- -- -- --
(12) (1) -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- (197) -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
(2) (1) (4,697) -- -- --
-- -- -- -- -- --
-- -- (715,256) (572,137) (5,732) (813)
-- -- (156,559) (164,902) (710) (92)
-- -- (249,010) (185,821) (2,391) (283)
-- -- -- -- -- --
-- -- -- -- -- --
-- -- (501) -- (201) --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- (35,768) (21,922) (3) (4)
-- -- -- -- -- --
------- ------- ----------- ----------- -------- --------
(287) (60) (1,195,624) (944,782) (9,037) (1,192)
------- ------- ----------- ----------- -------- --------
12,559 11,094 1,579,223 2,499,576 186,355 164,838
725 293 134,358 104,641 26,727 20,583
1,280 387 600,066 931,993 107,108 70,917
-- -- -- -- -- --
-- -- -- -- -- --
-- -- 56,033 5,082 29,791 3,203
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- 34 -- 146 --
-- -- 10 -- 10 --
-- -- 10 -- 10 --
2 101 258,476 133,818 3 (254)
-- -- -- -- -- --
------- ------- ----------- ----------- -------- --------
14,566 11,875 2,628,210 3,675,110 350,150 259,287
------- ------- ----------- ----------- -------- --------
15,493 12,322 2,586,360 4,786,234 405,962 288,370
12,322 -- 14,569,049 9,782,815 371,520 83,150
------- ------- ----------- ----------- -------- --------
$27,815 $12,322 $17,155,409 $14,569,049 $777,482 $371,520
======= ======= =========== =========== ======== ========
$ 66 $ 42 $ 13,165 $ 24,853 $ (680) $ (194)
======= ======= =========== =========== ======== ========
<Caption>
CONSERVATIVE ALLOCATION FUND*
- --- ------------------------------------
F FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006
- --- ----------------- ----------------
$ 2,154 $ 2,841
6,829 4,184
(356) 4,918
-- --
-------- --------
8,627 11,943
-------- --------
(1,915) (2,296)
(349) (371)
(635) (698)
-- --
-- --
(25) --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
(2,432) (772)
(541) (162)
(933) (301)
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-------- --------
(6,830) (4,600)
-------- --------
12,176 18,487
2,200 5,262
3,146 6,806
-- --
-- --
3,488 10
-- --
-- --
-- --
10 --
10 --
10 --
-- --
-- --
-------- --------
21,040 30,565
-------- --------
22,837 37,908
150,419 112,511
-------- --------
$173,256 $150,419
======== ========
$ (508) $ 262
======== ========
</Table>
285
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF CHANGES IN NET ASSETS -- (CONTINUED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
DISCIPLINED EQUITY FUND DIVIDEND AND GROWTH FUND
--------------------------------- ---------------------------------
FOR THE FOR THE
SIX-MONTH SIX-MONTH
PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
-------------- ---------------- -------------- ----------------
OPERATIONS:
Net investment income (loss)............................. $ 825 $ 1,769 $ 22,454 $ 36,502
Net realized gain (loss) on investments, futures, options
and swap contracts and foreign currency transactions... 26,065 19,680 82,572 217,765
Net unrealized appreciation (depreciation) of
investments, futures, options and swap contracts and
foreign currency transactions.......................... 4,437 24,046 247,298 274,628
Payment from affiliate................................... 292 -- 1,018 --
--------- -------- ---------- ----------
Net increase in net assets resulting from operations..... 31,619 45,495 353,342 528,895
--------- -------- ---------- ----------
DISTRIBUTIONS TO SHAREHOLDERS:
From net investment income
Class A................................................ (1,382) (305) (16,527) (30,971)
Class B................................................ (40) -- (651) (1,759)
Class C................................................ (19) -- (826) (1,845)
Class En............................................... -- -- -- --
Class Hn............................................... -- -- -- --
Class I................................................ -- -- (4) --
Class L................................................ -- -- -- --
Class Mn............................................... -- -- -- --
Class Nn............................................... -- -- -- --
Class R3............................................... -- -- -- --
Class R4............................................... -- -- -- --
Class R5............................................... -- -- -- --
Class Y................................................ (659) (573) (889) (2,148)
Class Zn............................................... -- -- -- --
From net realized gain on investments
Class A................................................ -- -- (164,851) (83,984)
Class B................................................ -- -- (23,202) (13,875)
Class C................................................ -- -- (20,178) (11,357)
Class En............................................... -- -- -- --
Class Hn............................................... -- -- -- --
Class I................................................ -- -- (2) --
Class L................................................ -- -- -- --
Class Mn............................................... -- -- -- --
Class Nn............................................... -- -- -- --
Class R3............................................... -- -- -- --
Class R4............................................... -- -- -- --
Class R5............................................... -- -- -- --
Class Y................................................ -- -- (7,549) (4,558)
Class Zn............................................... -- -- -- --
--------- -------- ---------- ----------
Total distributions.................................... (2,100) (878) (234,679) (150,497)
--------- -------- ---------- ----------
CAPITAL SHARE TRANSACTIONS:
Class A................................................ (18,787) (42,915) 294,580 230,196
Class B................................................ (4,790) (8,227) 15,870 (19,449)
Class C................................................ (3,696) (7,938) 24,651 1,114
Class En............................................... -- -- -- --
Class Hn............................................... -- -- -- --
Class I................................................ -- -- 639 10
Class L................................................ -- -- -- --
Class Mn............................................... -- -- -- --
Class Nn............................................... -- -- -- --
Class R3............................................... 10 -- 10 --
Class R4............................................... 10 -- 10 --
Class R5............................................... 10 -- 10 --
Class Y................................................ (79,148) 73,479 (9,970) 3,558
Class Zn............................................... -- -- -- --
--------- -------- ---------- ----------
Net increase (decrease) from capital share
transactions........................................... (106,391) 14,399 325,800 215,429
--------- -------- ---------- ----------
Net increase (decrease) in net assets.................... (76,872) 59,016 444,463 593,827
NET ASSETS:
Beginning of period...................................... 423,815 364,799 3,442,838 2,849,011
--------- -------- ---------- ----------
End of period............................................ $ 346,943 $423,815 $3,887,301 $3,442,838
========= ======== ========== ==========
Accumulated undistributed (distribution in excess of) net
investment income........................................ $ 259 $ 1,454 $ 4,755 $ 920
========= ======== ========== ==========
</Table>
* Relates to investments in affiliated investment companies.
+ Formally known as Aggressive Growth Allocation Fund.
> Formally known as Focus Fund.
n Classes H, M and N were merged into Class L and Classes E and Z were merged
into Class Y on February 9, 2007. Please refer to Note 8 in the Notes to
Financial Statements for further details.
The accompanying notes are an integral part of these financial statements.
286
- --------------------------------------------------------------------------------
<Table>
<Caption>
EQUITY GROWTH ALLOCATION FUND*+ EQUITY INCOME FUND FLOATING RATE FUND
--------------------------------- --------------------------------- ---------------------------------
FOR THE FOR THE FOR THE
SIX-MONTH SIX-MONTH SIX-MONTH
PERIOD ENDED FOR THE PERIOD ENDED FOR THE PERIOD ENDED FOR THE
APRIL 30, 2007 YEAR ENDED APRIL 30, 2007 YEAR ENDED APRIL 30, 2007 YEAR ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
-------------- ---------------- -------------- ---------------- -------------- ----------------
$ 372 $ (960) $ 7,714 $ 10,142 $ 107,135 $ 78,527
19,920 5,650 10,701 26,401 (2,131) 85
2,149 16,350 62,713 55,584 12,473 (3,986)
-- -- -- -- -- --
-------- -------- -------- -------- ---------- ----------
22,441 21,040 81,128 92,127 117,477 74,626
-------- -------- -------- -------- ---------- ----------
(2,190) (498) (5,050) (9,508) (60,562) (50,770)
(428) (30) (208) (503) (1,535) (1,203)
(664) (51) (325) (793) (34,741) (22,840)
-- -- -- -- -- --
-- -- -- -- -- --
-- -- (4) -- (8,951) (276)
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- (1,383) (86) (2,283) (2,763)
-- -- -- -- -- --
(2,496) (33) (20,565) (1,087) -- --
(715) (12) (1,677) (97) -- --
(1,115) (19) (2,383) (149) -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- (4) -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- (1,849) (2) -- --
-- -- -- -- -- --
-------- -------- -------- -------- ---------- ----------
(7,608) (643) (33,448) (12,225) (108,072) (77,852)
-------- -------- -------- -------- ---------- ----------
23,977 46,720 108,609 84,470 739,806 1,332,988
5,135 9,636 5,703 3,668 20,092 36,573
7,343 13,717 5,946 131 770,932 737,213
-- -- -- -- -- --
-- -- -- -- -- --
47 10 487 106 420,748 61,874
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
10 -- 10 -- 35 --
10 -- 10 -- 10 --
10 -- 10 -- 10 --
-- -- 115,127 6,044 26,248 40,849
-- -- -- -- -- --
-------- -------- -------- -------- ---------- ----------
36,532 70,083 235,902 94,419 1,977,881 2,209,497
-------- -------- -------- -------- ---------- ----------
51,365 90,480 283,582 174,321 1,987,286 2,206,271
201,440 110,960 642,133 467,812 2,484,187 277,916
-------- -------- -------- -------- ---------- ----------
$252,805 $201,440 $925,715 $642,133 $4,471,473 $2,484,187
======== ======== ======== ======== ========== ==========
$ (2,910) $ -- $ 1,409 $ 665 $ 1,155 $ 2,092
======== ======== ======== ======== ========== ==========
<Caption>
FUNDAMENTAL GROWTH FUND>
---------------------------------
FOR THE
SIX-MONTH
PERIOD ENDED FOR THE
APRIL 30, 2007 YEAR ENDED
(UNAUDITED) OCTOBER 31, 2006
-------------- ----------------
$ (138) $ (110)
3,823 9,782
1,940 (4,066)
193 --
-------- --------
5,818 5,606
-------- --------
-- (316)
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- (5)
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-------- --------
-- (321)
-------- --------
(6,522) (13,031)
(1,653) (2,988)
(2,001) (4,749)
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
(173) (21)
-- --
-------- --------
(10,349) (20,789)
-------- --------
(4,531) (15,504)
66,929 82,433
-------- --------
$ 62,398 $ 66,929
======== ========
$ (85) $ --
======== ========
</Table>
287
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF CHANGES IN NET ASSETS -- (CONTINUED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
GLOBAL COMMUNICATIONS FUND GLOBAL FINANCIAL SERVICES FUND
------------------------------------ ------------------------------------
FOR THE SIX-MONTH FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR
APRIL 30,2007 ENDED APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
----------------- ---------------- ----------------- ----------------
OPERATIONS:
Net investment income (loss)...................... $ 99 $ 469 $ 178 $ 224
Net realized gain (loss) on investments, futures,
options and swap contracts and foreign currency
transactions.................................... 655 3,642 2,955 2,138
Net unrealized appreciation (depreciation) of
investments, futures, options and swap contracts
and foreign currency transactions............... 3,579 (1,714) (505) 2,247
Payment from affiliate............................ 5 -- 5 --
------- ------- ------- -------
Net increase in net assets resulting from
operations...................................... 4,338 2,397 2,633 4,609
------- ------- ------- -------
DISTRIBUTIONS TO SHAREHOLDERS:
From net investment income
Class A......................................... (304) (265) (170) (136)
Class B......................................... (61) (29) (7) (13)
Class C......................................... (78) (27) (13) (8)
Class E(CC)..................................... -- -- -- --
Class H(CC)..................................... -- -- -- --
Class I......................................... -- -- -- --
Class L......................................... -- -- -- --
Class M(CC)..................................... -- -- -- --
Class N(CC)..................................... -- -- -- --
Class R3........................................ -- -- -- --
Class R4........................................ -- -- -- --
Class R5........................................ -- -- -- --
Class Y......................................... (20) (12) (10) (10)
Class Z(CC)..................................... -- -- -- --
From net realized gain on investments
Class A......................................... (50) -- (1,199) --
Class B......................................... (12) -- (238) --
Class C......................................... (16) -- (255) --
Class E(CC)..................................... -- -- -- --
Class H(CC)..................................... -- -- -- --
Class I......................................... -- -- -- --
Class L......................................... -- -- -- --
Class M(CC)..................................... -- -- -- --
Class N(CC)..................................... -- -- -- --
Class R3........................................ -- -- -- --
Class R4........................................ -- -- -- --
Class R5........................................ -- -- -- --
Class Y......................................... (3) -- (56) --
Class Z(CC)..................................... -- -- -- --
------- ------- ------- -------
Total distributions............................. (544) (333) (1,948) (167)
------- ------- ------- -------
CAPITAL SHARE TRANSACTIONS:
Class A......................................... 3,111 53 1,693 4,383
Class B......................................... 383 907 210 27
Class C......................................... 1,273 2,063 997 711
Class E(CC)..................................... -- -- -- --
Class H(CC)..................................... -- -- -- --
Class I......................................... -- -- -- --
Class L......................................... -- -- -- --
Class M(CC)..................................... -- -- -- --
Class N(CC)..................................... -- -- -- --
Class R3........................................ -- -- -- --
Class R4........................................ -- -- -- --
Class R5........................................ -- -- -- --
Class Y......................................... 151 237 580 11
Class Z(CC)..................................... -- -- -- --
------- ------- ------- -------
Net increase (decrease) from capital share
transactions.................................... 4,918 3,260 3,480 5,132
------- ------- ------- -------
Net increase (decrease) in net assets............. 8,712 5,324 4,165 9,574
NET ASSETS:
Beginning of period............................... 27,528 22,204 30,221 20,647
------- ------- ------- -------
End of period..................................... $36,240 $27,528 $34,386 $30,221
======= ======= ======= =======
Accumulated undistributed (distribution in excess
of) net investment income......................... $ 5 $ 368 $ 159 $ 180
======= ======= ======= =======
</Table>
* Relates to investments in affiliated investment companies.
(CC) Classes H, M and N were merged into Class L and Classes E and Z were merged
into Class Y on February 9, 2007. Please refer to Note 8 in the Notes to
Financial Statements for further details.
The accompanying notes are an integral part of these financial statements.
288
- --------------------------------------------------------------------------------
<Table>
<Caption>
GLOBAL HEALTH FUND GLOBAL LEADERS FUND GLOBAL TECHNOLOGY FUND
------------------------------------ ------------------------------------ ------------------------------------
FOR THE SIX-MONTH FOR THE SIX-MONTH FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
----------------- ---------------- ----------------- ---------------- ----------------- ----------------
$ (1,267) $ (3,491) $ (2,287) $ (2,107) $ (359) $ (632)
30,965 32,118 41,748 36,269 3,067 4,920
40,923 56,374 25,523 71,332 1,588 2,424
105 -- 1,914 -- 22 --
-------- -------- -------- -------- ------- -------
70,726 85,001 66,898 105,494 4,318 6,712
-------- -------- -------- -------- ------- -------
-- -- -- (390) -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- (529) -- --
-- -- -- -- -- --
(14,366) (12,743) (21,115) (4,725) -- --
(3,261) (4,508) (4,013) (945) -- --
(3,961) (4,593) (3,527) (851) -- --
-- -- -- -- -- --
-- -- -- -- -- --
(28) -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
(7,108) (9,979) (8,887) (936) -- --
-- -- -- -- -- --
-------- -------- -------- -------- ------- -------
(28,724) (31,823) (37,542) (8,376) -- --
-------- -------- -------- -------- ------- -------
79,715 135,221 (11,291) (62,248) (2,639) 2,124
528 3,929 (5,268) (14,964) (779) (1,251)
19,567 19,185 (2,577) (15,195) (126) (509)
-- -- -- -- -- --
-- -- -- -- -- --
3,415 784 -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
22 -- 10 -- -- --
10 -- 10 -- -- --
10 -- 10 -- -- --
7,263 6,834 15,845 69,172 444 56
-- -- -- -- -- --
-------- -------- -------- -------- ------- -------
110,530 165,953 (3,261) (23,235) (3,100) 420
-------- -------- -------- -------- ------- -------
152,532 219,131 26,095 73,883 1,218 7,132
742,414 523,283 728,036 654,153 58,811 51,679
-------- -------- -------- -------- ------- -------
$894,946 $742,414 $754,131 $728,036 $60,029 $58,811
======== ======== ======== ======== ======= =======
$ (1,238) $ -- $ (3,354) $ (1,589) $ (353) $ --
======== ======== ======== ======== ======= =======
<Caption>
GROWTH ALLOCATION FUND*
------------------------------------
FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006
----------------- ----------------
$ 3,880 $ 1,067
56,223 16,739
(1,062) 42,499
-- --
-------- --------
59,041 60,305
-------- --------
(7,234) (2,497)
(1,483) (354)
(2,548) (533)
-- --
-- --
(5) --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
(8,062) (180)
(2,375) (58)
(3,987) (89)
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-------- --------
(25,694) (3,711)
-------- --------
54,623 132,987
14,168 32,436
12,651 65,914
-- --
-- --
558 10
-- --
-- --
-- --
10 --
10 --
10 --
-- --
-- --
-------- --------
82,030 231,347
-------- --------
115,377 287,941
659,350 371,409
-------- --------
$774,727 $659,350
======== ========
$ (7,390) $ --
======== ========
</Table>
289
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF CHANGES IN NET ASSETS -- (CONTINUED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
GROWTH FUND GROWTH OPPORTUNITIES FUND
------------------------------------ ------------------------------------
FOR THE SIX-MONTH FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
----------------- ---------------- ----------------- ----------------
OPERATIONS:
Net investment income (loss)...................... $ (1,570) $ (4,664) $ 3,173 $ (3,351)
Net realized gain (loss) on investments, futures,
options and swap contracts and foreign currency
transactions.................................... 35,469 91,434 89,669 91,760
Net unrealized appreciation (depreciation) of
investments, futures, options and swap contracts
and foreign currency transactions............... 37,879 (13,106) 80,387 40,740
Payment from affiliate............................ 154 -- 413 --
---------- ---------- ---------- ----------
Net increase in net assets resulting from
operations...................................... 71,932 73,664 173,642 129,149
---------- ---------- ---------- ----------
DISTRIBUTIONS TO SHAREHOLDERS:
From net investment income
Class A......................................... -- -- -- --
Class B......................................... -- -- -- --
Class C......................................... -- -- -- --
Class En........................................ -- -- -- --
Class Hn........................................ -- -- -- --
Class I......................................... -- -- -- --
Class L......................................... -- -- -- --
Class Mn........................................ -- -- -- --
Class Nn........................................ -- -- -- --
Class R3........................................ -- -- -- --
Class R4........................................ -- -- -- --
Class R5........................................ -- -- -- --
Class Y......................................... -- -- -- --
Class Zn........................................ -- -- -- --
From net realized gain on investments
Class A......................................... (45,648) -- (30,496) (16,437)
Class B......................................... (3,502) -- (2,831) (1,683)
Class C......................................... (6,798) -- (3,986) (1,629)
Class En........................................ -- -- -- --
Class Hn........................................ (1,203) -- (2,782) (3,075)
Class I......................................... (1,187) -- (7) --
Class L......................................... (19,029) -- (40,539) (40,032)
Class Mn........................................ (1,264) -- (1,749) (1,828)
Class Nn........................................ (300) -- (440) (437)
Class R3........................................ -- -- -- --
Class R4........................................ -- -- -- --
Class R5........................................ -- -- -- --
Class Y......................................... (7,557) -- (4,107) (2,034)
Class Zn........................................ -- -- (2,429) (2,353)
---------- ---------- ---------- ----------
Total distributions............................. (86,488) -- (89,366) (69,508)
---------- ---------- ---------- ----------
CAPITAL SHARE TRANSACTIONS:
Class A......................................... (64,664) 30,454 64,865 180,515
Class B......................................... (3,031) (4,655) 2,660 12,706
Class C......................................... (4,974) (1,589) 10,997 27,322
Class En........................................ -- -- -- --
Class Hn........................................ (30,977) (5,667) (55,682) (5,285)
Class I......................................... 22,298 1,972 1,521 73
Class L......................................... 55,548 (40,151) 97,892 (18,780)
Class Mn........................................ (26,366) (4,227) (31,466) (2,071)
Class Nn........................................ (7,503) (799) (8,248) (208)
Class R3........................................ 10 -- 81 --
Class R4........................................ 10 -- 10 --
Class R5........................................ 10 -- 10 --
Class Y......................................... (38,581) 74,184 33,934 42,388
Class Zn........................................ -- -- (43,669) (548)
---------- ---------- ---------- ----------
Net increase (decrease) from capital share
transactions.................................... (98,220) 49,522 72,905 236,112
---------- ---------- ---------- ----------
Net increase (decrease) in net assets............. (112,776) 123,186 157,181 295,753
NET ASSETS:
Beginning of period............................... 1,279,060 1,155,874 1,241,365 945,612
---------- ---------- ---------- ----------
End of period..................................... $1,166,284 $1,279,060 $ 1398,546 $1,241,365
========== ========== ========== ==========
Accumulated undistributed (distribution in excess
of) net investment income......................... $ (1,528) $ -- $ 3,286 $ --
========== ========== ========== ==========
</Table>
* Relates to investments in affiliated investment companies.
n Classes H, M and N were merged into Class L and Classes E and Z were merged
into Class Y on February 9, 2007. Please refer to Note 8 in the Notes to
Financial Statements for further details.
The accompanying notes are an integral part of these financial statements.
290
- --------------------------------------------------------------------------------
<Table>
<Caption>
HIGH YIELD FUND INCOME ALLOCATION FUND* INCOME FUND
------------------------------------ ------------------------------------ ------------------------------------
FOR THE SIX-MONTH FOR THE SIX-MONTH FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
----------------- ---------------- ----------------- ---------------- ----------------- ----------------
$ 9,715 $ 19,942 $ 776 $ 1,414 $ 4,922 $ 3,863
6,660 (3,784) (141) (362) 657 (253)
3,718 10,649 459 486 452 1,269
-- -- -- -- -- --
-------- -------- ------- ------- -------- --------
20,093 26,807 1,094 1,538 6,031 4,879
-------- -------- ------- ------- -------- --------
(7,139) (13,101) (557) (961) (1,190) (1,656)
(1,196) (2,531) (86) (181) (183) (280)
(1,305) (2,704) (119) (308) (258) (253)
-- -- -- -- -- --
-- -- -- -- -- --
-- -- (6) -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
(131) (1,794) -- -- (3,290) (1,607)
-- -- -- -- -- --
-- -- -- (29) -- --
-- -- -- (7) -- --
-- -- -- (12) -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-------- -------- ------- ------- -------- --------
(9,771) (20,130) (768) (1,498) (4,921) (3,796)
-------- -------- ------- ------- -------- --------
5,011 (2,369) 7,233 5,906 42,661 7,955
(2,014) (10,799) (156) 730 1,717 1,180
(2,388) (11,907) (260) 331 4,230 2,883
-- -- -- -- -- --
-- -- -- -- -- --
-- -- 534 10 -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
10 -- 10 -- -- --
10 -- 10 -- -- --
10 -- 10 -- -- --
(20,442) (2,158) -- -- 81,368 43,594
-- -- -- -- -- --
-------- -------- ------- ------- -------- --------
(19,803) (27,233) 7,381 6,977 129,976 55,612
-------- -------- ------- ------- -------- --------
(9,481) (20,556) 7,707 7,017 131,086 56,695
292,033 312,589 38,951 31,934 113,183 56,488
-------- -------- ------- ------- -------- --------
$282,552 $292,033 $46,658 $38,951 $244,269 $113,183
======== ======== ======= ======= ======== ========
$ (14) $ 42 $ 13 $ 5 $ 55 $ 54
======== ======== ======= ======= ======== ========
<Caption>
INFLATION PLUS FUND
------------------------------------
FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006
----------------- ----------------
$ 2,295 $ 37,125
(3,429) (16,029)
9,446 (6,365)
-- --
--------- ----------
8,312 14,731
--------- ----------
(1,694) (14,188)
(527) (3,582)
(1,231) (10,486)
-- --
-- --
(1) --
-- --
-- --
-- --
-- --
-- --
-- --
(881) (5,352)
-- --
-- (1,331)
-- (382)
-- (1,204)
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- (312)
-- --
--------- ----------
(4,334) (36,837)
--------- ----------
(75,727) (123,445)
(15,996) (24,243)
(70,244) (118,279)
-- --
-- --
192 18
-- --
-- --
-- --
10 --
10 --
10 --
(34,578) 46,885
-- --
--------- ----------
(196,323) (219,064)
--------- ----------
(192,345) (241,170)
762,607 1,003,777
--------- ----------
$ 570,262 $ 762,607
========= ==========
$ 2,086 $ 4,125
========= ==========
</Table>
291
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF CHANGES IN NET ASSETS -- (CONTINUED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
INTERNATIONAL CAPITAL APPRECIATION FUND INTERNATIONAL OPPORTUNITIES FUND
---------------------------------------- ------------------------------------
FOR THE SIX-MONTH FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
------------------- ------------------ ----------------- ----------------
OPERATIONS:
Net investment income (loss).................. $ (432) $ 91 $ (7) $ 1,771
Net realized gain (loss) on investments,
futures, options and swap contracts and
foreign currency transactions............... 45,667 29,594 32,536 22,793
Net unrealized appreciation (depreciation) of
investments, futures, options and swap
contracts and foreign currency
transactions................................ (1,973) 35,016 11,501 17,051
Payment from affiliate........................ 6 -- 28 --
-------- -------- -------- --------
Net increase in net assets resulting from
operations.................................. 43,268 64,701 44,058 41,615
-------- -------- -------- --------
DISTRIBUTIONS TO SHAREHOLDERS:
From net investment income
Class A..................................... (232) (526) (570) (378)
Class B..................................... -- -- -- --
Class C..................................... -- -- -- --
Class E(CC)................................. -- -- -- --
Class H(CC)................................. -- -- -- --
Class I..................................... (1) -- -- --
Class L..................................... -- -- -- --
Class M(CC)................................. -- -- -- --
Class N(CC)................................. -- -- -- --
Class R3.................................... -- -- -- --
Class R4.................................... -- -- -- --
Class R5.................................... -- -- -- --
Class Y..................................... -- (654) (1,104) (131)
Class Z(CC)................................. -- -- -- --
From net realized gain on investments
Class A..................................... (19,852) (1,438) (4,324) --
Class B..................................... (3,152) (261) (834) --
Class C..................................... (4,097) (346) (606) --
Class E(CC)................................. -- -- -- --
Class H(CC)................................. -- -- -- --
Class I..................................... (1) -- -- --
Class L..................................... -- -- -- --
Class M(CC)................................. -- -- -- --
Class N(CC)................................. -- -- -- --
Class R3.................................... -- -- -- --
Class R4.................................... -- -- -- --
Class R5.................................... -- -- -- --
Class Y..................................... (3,442) (836) (1,811) --
Class Z(CC)................................. -- -- -- --
-------- -------- -------- --------
Total distributions......................... (30,777) (4,061) (9,249) (509)
-------- -------- -------- --------
CAPITAL SHARE TRANSACTIONS:
Class A..................................... 102,070 49,389 17,452 30,451
Class B..................................... 7,121 5,639 358 (187)
Class C..................................... 7,710 6,985 1,453 149
Class E(CC)................................. -- -- -- --
Class H(CC)................................. -- -- -- --
Class I..................................... 139 10 -- --
Class L..................................... -- -- -- --
Class M(CC)................................. -- -- -- --
Class N(CC)................................. -- -- -- --
Class R3.................................... 10 -- 22 --
Class R4.................................... 10 -- 10 --
Class R5.................................... 10 -- 10 --
Class Y..................................... (60,123) (19,973) 49,437 32,628
Class Z(CC)................................. -- -- -- --
-------- -------- -------- --------
Net increase (decrease) from capital share
transactions................................ 56,947 42,050 68,742 63,041
-------- -------- -------- --------
Net increase (decrease) in net assets......... 69,438 102,690 103,551 104,147
NET ASSETS:
Beginning of period........................... 360,561 257,871 252,988 148,841
-------- -------- -------- --------
End of period................................. $429,999 $360,561 $356,539 $252,988
======== ======== ======== ========
Accumulated undistributed (distribution in
excess of) net investment income.............. $ (817) $ (154) $ 48 $ 1,721
======== ======== ======== ========
</Table>
* Relates to investments in affiliated investment companies.
** Commencement of operations.
n Classes H, M and N were merged into Class L and Classes E and Z were merged
into Class Y on February 9, 2007. Please refer to Note 8 in the Notes to
Financial Statements for further details.
The accompanying notes are an integral part of these financial statements.
292
- --------------------------------------------------------------------------------
<Table>
<Caption>
INTERNATIONAL SMALL COMPANY FUND LARGECAP GROWTH FUND MIDCAP FUND
------------------------------------ -------------------- ------------------------------------
FOR THE PERIOD
FOR THE SIX-MONTH NOVEMBER 30, 2006** FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR THROUGH PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED APRIL 30, 2007 APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) (UNAUDITED) OCTOBER 31, 2006
----------------- ---------------- -------------------- ----------------- ----------------
$ 324 $ 1,066 $ (4) $ 10,081 $ (10,396)
25,160 26,962 38 143,039 493,070
13,467 11,245 502 276,069 (86,305)
-- -- -- 2,459 --
-------- -------- ------- ---------- ----------
38,951 39,273 536 431,648 396,369
-------- -------- ------- ---------- ----------
(819) (704) (13) -- --
(71) (83) -- -- --
(81) (145) -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
(1,415) (1,565) -- -- --
-- -- -- -- --
(8,744) (3,791) -- (291,499) (281,386)
(1,537) (679) -- (77,096) (82,610)
(2,387) (1,407) -- (85,148) (88,590)
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
(11,031) (7,015) -- (27,642) (22,904)
-- -- -- -- --
-------- -------- ------- ---------- ----------
(26,085) (15,389) (13) (481,385) (475,490)
-------- -------- ------- ---------- ----------
46,008 27,750 9,569 244,036 196,666
4,438 4,607 300 32,271 5,553
8,300 3,908 453 36,458 20,240
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
-- -- -- -- --
23,445 7,563 100 (44) 46,422
-- -- -- -- --
-------- -------- ------- ---------- ----------
82,191 43,828 10,422 312,721 268,881
-------- -------- ------- ---------- ----------
95,057 67,712 10,945 262,984 189,760
187,151 119,439 -- 2,970,037 2,780,277
-------- -------- ------- ---------- ----------
$282,208 $187,151 $10,945 $3,233,021 $2,970,037
======== ======== ======= ========== ==========
$ 180 $ 2,242 $ (17) $ 10,752 $ --
======== ======== ======= ========== ==========
<Caption>
MIDCAP GROWTH FUND
------------------------------------
FOR THE SIX-MONTH FOR THE PERIOD
PERIOD ENDED JULY 31, 2006**
APRIL 30, 2007 THROUGH
(UNAUDITED) OCTOBER 31, 2006
----------------- ----------------
$ 4 $ (9)
2,600 81
(189) 573
(24) --
------- -------
2,439 645
------- -------
(43) --
-- --
(2) --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
(1) --
-- --
(75) --
(2) --
(3) --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
(1) --
-- --
------- -------
(127) --
------- -------
4,048 9,727
436 281
1,139 341
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
1 100
-- --
------- -------
5,624 10,449
------- -------
7,936 11,094
11,094 --
------- -------
$19,030 $11,094
======= =======
$ (17) $ 1
======= =======
</Table>
293
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF CHANGES IN NET ASSETS -- (CONTINUED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
MIDCAP VALUE FUND MONEY MARKET FUND
------------------------------------ ------------------------------------
FOR THE SIX-MONTH FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
----------------- ---------------- ----------------- ----------------
OPERATIONS:
Net investment income (loss)...................... $ (290) $ (539) $ 5,643 $ 9,518
Net realized gain (loss) on investments, futures,
options and swap contracts and foreign currency
transactions.................................... 36,740 59,464 1 --
Net unrealized appreciation (depreciation) of
investments, futures, options and swap contracts
and foreign currency transactions............... 29,270 29,759 -- --
Payment from affiliate............................ 55 -- -- --
-------- -------- -------- --------
Net increase in net assets resulting from
operations...................................... 65,775 88,684 5,644 9,518
-------- -------- -------- --------
DISTRIBUTIONS TO SHAREHOLDERS:
From net investment income
Class A......................................... -- -- (4,781) (7,394)
Class B......................................... -- -- (470) (898)
Class C......................................... -- -- (291) (546)
Class E(CC)..................................... -- -- -- --
Class H(CC)..................................... -- -- -- --
Class I......................................... -- -- -- --
Class L......................................... -- -- -- --
Class M(CC)..................................... -- -- -- --
Class N(CC)..................................... -- -- -- --
Class R3........................................ -- -- -- --
Class R4........................................ -- -- -- --
Class R5........................................ -- -- -- --
Class Y......................................... -- -- (101) (680)
Class Z(CC)..................................... -- -- -- --
From net realized gain on investments
Class A......................................... (39,788) (27,814) (1) --
Class B......................................... (8,536) (6,087) -- --
Class C......................................... (8,588) (6,258) -- --
Class E(CC)..................................... -- -- -- --
Class H(CC)..................................... -- -- -- --
Class I......................................... -- -- -- --
Class L......................................... -- -- -- --
Class M(CC)..................................... -- -- -- --
Class N(CC)..................................... -- -- -- --
Class R3........................................ -- -- -- --
Class R4........................................ -- -- -- --
Class R5........................................ -- -- -- --
Class Y......................................... (2,054) (3,881) -- --
Class Z(CC)..................................... -- -- -- --
-------- -------- -------- --------
Total distributions............................. (58,966) (44,040) (5,644) (9,518)
-------- -------- -------- --------
CAPITAL SHARE TRANSACTIONS:
Class A......................................... 19,196 (5,373) 28,907 25,284
Class B......................................... 2,792 (2,251) (3,000) (2,721)
Class C......................................... 3,676 (3,498) (1,683) (1,793)
Class E(CC)..................................... -- -- -- --
Class H(CC)..................................... -- -- -- --
Class I......................................... -- -- -- --
Class L......................................... -- -- -- --
Class M(CC)..................................... -- -- -- --
Class N(CC)..................................... -- -- -- --
Class R3........................................ -- -- 10 --
Class R4........................................ -- -- 10 --
Class R5........................................ -- -- 10 --
Class Y......................................... (27,981) (12,709) (9,042) (2,486)
Class Z(CC)..................................... -- -- -- --
-------- -------- -------- --------
Net increase (decrease) from capital share
transactions.................................... (2,317) (23,831) 15,212 18,284
-------- -------- -------- --------
Net increase (decrease) in net assets............. 4,492 20,813 15,212 18,284
NET ASSETS:
Beginning of period............................... 461,984 441,171 266,212 247,928
-------- -------- -------- --------
End of period..................................... $466,476 $461,984 $281,424 $266,212
======== ======== ======== ========
Accumulated undistributed (distribution in excess
of) net investment income......................... $ (275) $ -- $ -- $ --
======== ======== ======== ========
</Table>
* Relates to investments in affiliated investment companies.
n Classes H, M and N were merged into Class L and Classes E and Z were merged
into Class Y on February 9, 2007. Please refer to Note 8 in the Notes to
Financial Statements for further details.
The accompanying notes are an integral part of these financial statements.
294
- --------------------------------------------------------------------------------
<Table>
<Caption>
RETIREMENT INCOME FUND* SELECT MIDCAP GROWTH FUND SELECT MIDCAP VALUE FUND
------------------------------------ ------------------------------------ ------------------------------------
FOR THE SIX-MONTH FOR THE SIX-MONTH FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
----------------- ---------------- ----------------- ---------------- ----------------- ----------------
$ 16 $ 12 $ (92) $ (368) $ 70 $ (86)
22 -- 3,427 2,239 8,850 2,875
20 15 602 1,006 (1,930) 5,546
-- -- -- -- -- --
------ ---- -------- ------- -------- -------
58 27 3,937 2,877 6,990 8,335
------ ---- -------- ------- -------- -------
(12) (11) -- -- -- (19)
(3) (2) -- -- -- --
(3) (2) -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
(2) (3) -- -- -- (3)
-- -- -- -- -- --
-- -- (1,001) (149) (1,959) (504)
-- -- (160) (24) (170) (40)
-- -- (168) (17) (295) (71)
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- (616) (2) (503) (12)
-- -- -- -- -- --
------ ---- -------- ------- -------- -------
(20) (18) (1,945) (192) (2,927) (649)
------ ---- -------- ------- -------- -------
586 370 (5,577) 6,756 (8,303) 20,427
26 161 12 1,129 181 2,016
16 148 188 1,975 930 3,828
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
10 -- -- -- -- --
10 -- -- -- -- --
10 -- -- -- -- --
2 103 (28,667) 28,151 (15,469) 17,996
-- -- -- -- -- --
------ ---- -------- ------- -------- -------
660 782 (34,044) 38,011 (22,661) 44,267
------ ---- -------- ------- -------- -------
698 791 (32,052) 40,696 (18,598) 51,953
868 77 59,996 19,300 79,516 27,563
------ ---- -------- ------- -------- -------
$1,566 $868 $ 27,944 $59,996 $ 60,918 $79,516
====== ==== ======== ======= ======== =======
$ (4) $ -- $ (92) $ -- $ 70 $ --
====== ==== ======== ======= ======== =======
<Caption>
SELECT SMALLCAP VALUE FUND
---------------------------------------
FOR THE SIX-MONTH FOR THE PERIOD
PERIOD ENDED JULY 31, 2006**
APRIL 30, 2007 THROUGH
(UNAUDITED) OCTOBER 31,2006
----------------- -------------------
$ 432 $ 30
3,721 126
3,786 1,316
-- --
-------- -------
7,939 1,472
-------- -------
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
(240) --
-- --
(30) --
(1) --
(1) --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
(101) --
-- --
-------- -------
(373) --
-------- -------
980 14,491
95 283
133 256
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
78,129 1,496
-- --
-------- -------
79,337 16,526
-------- -------
86,903 17,998
17,998 --
-------- -------
$104,901 $17,998
======== =======
$ 234 $ 42
======== =======
</Table>
295
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF CHANGES IN NET ASSETS -- (CONTINUED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SHORT DURATION FUND SMALL COMPANY FUND
------------------------------------ ------------------------------------
FOR THE SIX-MONTH FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
----------------- ---------------- ----------------- ----------------
OPERATIONS:
Net investment income (loss)....................... $ 4,299 $ 4,782 $ (680) $ (3,588)
Net realized gain (loss) on investments, futures,
options and swap contracts and foreign currency
transactions..................................... (142) (707) 45,679 70,345
Net unrealized appreciation (depreciation) of
investments, futures, options and swap contracts
and foreign currency transactions................ 221 1,324 9,213 (14,828)
Payment from affiliate............................. -- -- 671 --
-------- -------- -------- --------
Net increase in net assets resulting from
operations....................................... 4,378 5,399 54,883 51,929
-------- -------- -------- --------
DISTRIBUTIONS TO SHAREHOLDERS:
From net investment income
Class A.......................................... (586) (933) -- --
Class B.......................................... (115) (211) -- --
Class C.......................................... (238) (480) -- --
Class E(CC)...................................... -- -- -- --
Class H(CC)...................................... -- -- -- --
Class I.......................................... -- -- -- --
Class L.......................................... -- -- -- --
Class M(CC)...................................... -- -- -- --
Class N(CC)...................................... -- -- -- --
Class R3......................................... -- -- -- --
Class R4......................................... -- -- -- --
Class R5......................................... -- -- -- --
Class Y.......................................... (3,359) (3,180) -- --
Class Z(CC)...................................... -- -- -- --
From net realized gain on investments
Class A.......................................... -- -- (16,937) --
Class B.......................................... -- -- (4,857) --
Class C.......................................... -- -- (4,469) --
Class E(CC)...................................... -- -- -- --
Class H(CC)...................................... -- -- -- --
Class I.......................................... -- -- (8) --
Class L.......................................... -- -- -- --
Class M(CC)...................................... -- -- -- --
Class N(CC)...................................... -- -- -- --
Class R3......................................... -- -- -- --
Class R4......................................... -- -- -- --
Class R5......................................... -- -- -- --
Class Y.......................................... -- -- (8,399) --
Class Z(CC)...................................... -- -- -- --
-------- -------- -------- --------
Total distributions.............................. (4,298) (4,804) (34,670) --
-------- -------- -------- --------
CAPITAL SHARE TRANSACTIONS:
Class A.......................................... 28 (2,604) 36,879 7,658
Class B.......................................... (696) (2,089) (196) (13,527)
Class C.......................................... (2,073) (8,655) 6,370 (4,001)
Class E(CC)...................................... -- -- -- --
Class H(CC)...................................... -- -- -- --
Class I.......................................... -- -- 846 69
Class L.......................................... -- -- -- --
Class M(CC)...................................... -- -- -- --
Class N(CC)...................................... -- -- -- --
Class R3......................................... -- -- 46 --
Class R4......................................... -- -- 10 --
Class R5......................................... -- -- 10 --
Class Y.......................................... 43,635 19,381 40,986 57,068
Class Z(CC)...................................... -- -- -- --
-------- -------- -------- --------
Net increase (decrease) from capital share
transactions..................................... 40,894 6,033 84,951 47,267
-------- -------- -------- --------
Net increase (decrease) in net assets.............. 40,974 6,628 105,164 99,196
NET ASSETS:
Beginning of period................................ 150,066 143,438 403,275 304,079
-------- -------- -------- --------
End of period...................................... $191,040 $150,066 $508,439 $403,275
======== ======== ======== ========
Accumulated undistributed (distribution in excess
of) net investment income.......................... $ 2 $ 1 $ (497) $ --
======== ======== ======== ========
</Table>
* Relates to investments in affiliated investment companies.
(CC) Classes H, M and N were merged into Class L and Classes E and Z were merged
into Class Y on February 9, 2007. Please refer to Note 8 in the Notes to
Financial Statements for further details.
The accompanying notes are an integral part of these financial statements.
296
- --------------------------------------------------------------------------------
<Table>
<Caption>
SMALLCAP GROWTH FUND STOCK FUND TARGET RETIREMENT 2010 FUND*
------------------------------------ ------------------------------------ ------------------------------------
FOR THE SIX-MONTH FOR THE SIX-MONTH FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
----------------- ---------------- ----------------- ---------------- ----------------- ----------------
$ (339) $ (1,069) $ 531 $ 3,896 $ 49 $ 22
14,761 26,723 86,523 179,777 88 --
18,630 10,054 19,031 (15,893) 114 46
39 -- 1,568 -- -- --
-------- -------- ---------- ---------- ------ ------
33,091 35,708 107,653 167,780 251 68
-------- -------- ---------- ---------- ------ ------
-- -- (3,091) (1,525) (40) (17)
-- -- -- -- (4) (3)
-- -- -- -- (6) (2)
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- (1,030) (772) (2) (2)
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-------- -------- ---------- ---------- ------ ------
-- -- (4,121) (2,297) (52) (24)
-------- -------- ---------- ---------- ------ ------
27,238 151,875 (54,196) (137,391) 4,594 1,572
(1,286) 1,344 (43,398) (87,193) 207 213
252 6,952 (19,834) (43,306) 48 462
-- -- -- -- -- --
(25,058) (3,041) -- -- -- --
2,387 235 -- -- -- --
46,522 (13,323) -- -- -- --
(25,903) (2,473) -- -- -- --
(10,379) (704) -- -- -- --
10 -- 10 -- 10 --
10 -- 40 -- 10 --
10 -- 10 -- 10 --
(93,546) 45,888 (11,199) 7,983 2 122
-- -- -- -- -- --
-------- -------- ---------- ---------- ------ ------
(79,743) 186,753 (128,567) (259,907) 4,881 2,369
-------- -------- ---------- ---------- ------ ------
(46,652) 222,461 (25,035) (94,424) 5,080 2,413
532,484 310,023 1,201,678 1,296,102 2,454 41
-------- -------- ---------- ---------- ------ ------
$485,832 $532,484 $1,176,643 $1,201,678 $7,534 $2,454
======== ======== ========== ========== ====== ======
$ (328) $ -- $ 945 $ 4,107 $ (3) $ --
======== ======== ========== ========== ====== ======
<Caption>
TARGET RETIREMENT 2020 FUND*
------------------------------------
FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006
----------------- ----------------
$ 53 $ 10
140 13
222 82
-- --
------- ------
415 105
------- ------
(55) (15)
(2) (1)
(5) (1)
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
(9) --
(1) --
(1) --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
------- ------
(73) (17)
------- ------
7,692 1,919
154 270
132 313
-- --
-- --
-- --
-- --
-- --
-- --
10 --
10 --
10 --
-- --
-- --
------- ------
8,008 2,502
------- ------
8,350 2,590
2,764 174
------- ------
$11,114 $2,764
======= ======
$ (9) $ --
======= ======
</Table>
297
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF CHANGES IN NET ASSETS -- (CONTINUED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
TARGET RETIREMENT 2030 FUND* TAX-FREE CALIFORNIA FUND
------------------------------------ ------------------------------------
FOR THE SIX-MONTH FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
----------------- ---------------- ----------------- ----------------
OPERATIONS:
Net investment income (loss)...................... $ 28 $ 2 $ 572 $ 799
Net realized gain (loss) on investments, futures,
options and swap contracts and foreign currency
transactions.................................... 150 1 (8) (5)
Net unrealized appreciation (depreciation) of
investments, futures, options and swap contracts
and foreign currency transactions............... 256 83 (84) 573
Payment from affiliate............................ -- -- -- --
------ ------ ------- -------
Net increase in net assets resulting from
operations...................................... 434 86 480 1,367
------ ------ ------- -------
DISTRIBUTIONS TO SHAREHOLDERS:
From net investment income
Class A......................................... (40) (3) (489) (689)
Class B......................................... (3) (2) (27) (43)
Class C......................................... (2) (1) (56) (68)
Class E(CC)..................................... -- -- -- --
Class H(CC)..................................... -- -- -- --
Class I......................................... -- -- -- --
Class L......................................... -- -- -- --
Class M(CC)..................................... -- -- -- --
Class N(CC)..................................... -- -- -- --
Class R3........................................ -- -- -- --
Class R4........................................ -- -- -- --
Class R5........................................ -- -- -- --
Class Y......................................... -- (1) -- --
Class Z(CC)..................................... -- -- -- --
From net realized gain on investments
Class A......................................... (1) -- -- (10)
Class B......................................... -- -- -- (1)
Class C......................................... -- -- -- (1)
Class E(CC)..................................... -- -- -- --
Class H(CC)..................................... -- -- -- --
Class I......................................... -- -- -- --
Class L......................................... -- -- -- --
Class M(CC)..................................... -- -- -- --
Class N(CC)..................................... -- -- -- --
Class R3........................................ -- -- -- --
Class R4........................................ -- -- -- --
Class R5........................................ -- -- -- --
Class Y......................................... -- -- -- --
Class Z(CC)..................................... -- -- -- --
------ ------ ------- -------
Total distributions............................. (46) (7) (572) (812)
------ ------ ------- -------
CAPITAL SHARE TRANSACTIONS:
Class A......................................... 6,149 1,784 3,323 8,736
Class B......................................... 28 283 369 232
Class C......................................... 178 69 1,055 1,436
Class E(CC)..................................... -- -- -- --
Class H(CC)..................................... -- -- -- --
Class I......................................... -- -- -- --
Class L......................................... -- -- -- --
Class M(CC)..................................... -- -- -- --
Class N(CC)..................................... -- -- -- --
Class R3........................................ 10 -- -- --
Class R4........................................ 10 -- -- --
Class R5........................................ 10 -- -- --
Class Y......................................... -- 21 -- --
Class Z(CC)..................................... -- -- -- --
------ ------ ------- -------
Net increase (decrease) from capital share
transactions.................................... 6,385 2,157 4,747 10,404
------ ------ ------- -------
Net increase (decrease) in net assets............. 6,773 2,236 4,655 10,959
NET ASSETS:
Beginning of period............................... 2,275 39 29,802 18,843
------ ------ ------- -------
End of period..................................... $9,048 $2,275 $34,457 $29,802
====== ====== ======= =======
Accumulated undistributed (distribution in excess
of) net investment income......................... $ (17) $ -- $ 2 $ 2
====== ====== ======= =======
</Table>
* Relates to investments in affiliated investment companies.
n Classes H, M and N were merged into Class L and Classes E and Z were merged
into Class Y on February 9, 2007. Please refer to Note 8 in the Notes to
Financial Statements for further details.
The accompanying notes are an integral part of these financial statements.
298
- --------------------------------------------------------------------------------
<Table>
<Caption>
TAX-FREE MINNESOTA FUND TAX-FREE NATIONAL FUND TAX-FREE NEW YORK FUND
------------------------------------ ------------------------------------ ------------------------------------
FOR THE SIX-MONTH FOR THE SIX-MONTH FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
----------------- ---------------- ----------------- ---------------- ----------------- ----------------
$ 719 $ 1,382 $ 2,810 $ 4,510 $ 283 $ 553
70 197 200 372 9 85
(329) 235 (818) 2,682 (76) 260
-- -- -- -- -- --
-------- ------- -------- -------- ------- -------
460 1,814 2,192 7,564 216 898
-------- ------- -------- -------- ------- -------
(154) (247) (1,641) (2,337) (215) (421)
(14) (25) (119) (224) (28) (54)
(11) (13) (258) (354) (41) (80)
(249) (967) (322) (1,234) -- --
(1) (4) (1) (8) -- --
-- -- -- -- -- --
(57) (107) (162) (316) -- --
(1) (4) (11) (41) -- --
(1) (6) (3) (14) -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
(231) -- (272) -- -- --
-- -- -- -- -- --
(40) (9) (206) (315) (61) (23)
(5) (1) (19) (46) (10) (4)
(2) (1) (37) (58) (14) (5)
(132) (41) (83) (210) -- --
(1) -- (1) (2) -- --
-- -- -- -- -- --
(15) (5) (21) (54) -- --
(1) -- (4) (9) -- --
(1) -- (1) (4) -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
-------- ------- -------- -------- ------- -------
(916) (1,430) (3,161) (5,226) (369) (587)
-------- ------- -------- -------- ------- -------
2,469 1,226 30,517 24,443 494 (243)
(7) (19) 923 (267) 51 (22)
294 (11) 7,345 4,163 271 (237)
(21,995) (2,213) (23,649) (2,570) -- --
(125) (1) (174) (103) -- --
-- -- -- -- -- --
753 (273) 1,430 (492) -- --
(106) (8) (1,216) (60) -- --
(195) (4) (373) (127) -- --
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- --
21,492 -- 22,624 1 -- --
-- -- -- -- -- --
-------- ------- -------- -------- ------- -------
2,580 (1,303) 37,427 24,988 816 (502)
-------- ------- -------- -------- ------- -------
2,124 (919) 36,458 27,326 663 (191)
34,970 35,889 129,914 102,588 15,482 15,673
-------- ------- -------- -------- ------- -------
$ 37,094 $34,970 $166,372 $129,914 $16,145 $15,482
======== ======= ======== ======== ======= =======
$ 10 $ 10 $ 24 $ 3 $ 1 $ 2
======== ======= ======== ======== ======= =======
<Caption>
TOTAL RETURN BOND FUND
------------------------------------
FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006
----------------- ----------------
$ 21,616 $ 30,568
6,002 (8,700)
(1,897) 12,640
-- --
---------- --------
25,721 34,508
---------- --------
(10,845) (14,515)
(1,550) (2,504)
(1,453) (2,387)
-- --
-- --
(25) --
-- --
-- --
-- --
-- --
-- --
-- --
(7,360) (11,078)
-- --
-- (1,753)
-- (454)
-- (413)
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- (1,059)
-- --
---------- --------
(21,233) (34,163)
---------- --------
93,213 120,743
3,162 (1,319)
4,727 1,327
-- --
-- --
1,809 38
-- --
-- --
-- --
10 --
10 --
10 --
42,383 96,782
-- --
---------- --------
145,324 217,571
---------- --------
149,812 217,916
872,696 654,780
---------- --------
$1,022,508 $872,696
========== ========
$ 1,039 $ 656
========== ========
</Table>
299
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
STATEMENT OF CHANGES IN NET ASSETS -- (CONTINUED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
U.S. GOVERNMENT SECURITIES FUND
------------------------------------------
FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006
----------------- ----------------
OPERATIONS:
Net investment income (loss)............................ $ 4,576 $ 9,709
Net realized gain (loss) on investments, futures,
options and swap contracts and foreign currency
transactions........................................... (127) (6,207)
Net unrealized appreciation (depreciation) of
investments, futures, options and swap contracts and
foreign currency transactions.......................... (92) 4,161
Payment from affiliate.................................. -- --
--------- --------
Net increase in net assets resulting from operations.... 4,357 7,663
--------- --------
DISTRIBUTIONS TO SHAREHOLDERS:
From net investment income
Class A............................................... (1,095) (2,091)
Class B............................................... (318) (734)
Class C............................................... (178) (353)
Class E(CC)........................................... (1,113) (4,784)
Class H(CC)........................................... (18) (92)
Class I............................................... -- --
Class L............................................... (763) (1,529)
Class M(CC)........................................... (20) (97)
Class N(CC)........................................... (7) (30)
Class R3.............................................. -- --
Class R4.............................................. -- --
Class R5.............................................. -- --
Class Y............................................... (1,038) (117)
Class Z(CC)........................................... -- --
From net realized gain on investments
Class A............................................... -- --
Class B............................................... -- --
Class C............................................... -- --
Class E(CC)........................................... -- --
Class H(CC)........................................... -- --
Class I............................................... -- --
Class L............................................... -- --
Class M(CC)........................................... -- --
Class N(CC)........................................... -- --
Class R3.............................................. -- --
Class R4.............................................. -- --
Class R5.............................................. -- --
Class Y............................................... -- --
Class Z(CC)........................................... -- --
--------- --------
Total distributions................................... (4,550) (9,827)
--------- --------
CAPITAL SHARE TRANSACTIONS:
Class A............................................... 806 (973)
Class B............................................... (1,688) (4,058)
Class C............................................... (768) 152
Class E(CC)........................................... (117,293) (14,860)
Class H(CC)........................................... (317) (773)
Class I............................................... -- --
Class L............................................... (82) (3,824)
Class M(CC)........................................... (1,163) (630)
Class N(CC)........................................... (478) (149)
Class R3.............................................. -- --
Class R4.............................................. -- --
Class R5.............................................. -- --
Class Y............................................... 111,738 (9,130)
Class Z(CC)........................................... -- --
--------- --------
Net increase (decrease) from capital share transactions... (9,245) (34,245)
--------- --------
Net increase (decrease) in net assets..................... (9,438) (36,409)
NET ASSETS:
Beginning of period....................................... 197,567 233,976
--------- --------
End of period............................................. $ 188,129 $197,567
========= ========
Accumulated undistributed (distribution in excess of) net
investment income......................................... $ 37 $ 11
========= ========
</Table>
* Relates to investments in affiliated investment companies.
n Classes H, M and N were merged into Class L and Classes E and Z were merged
into Class Y on February 9, 2007. Please refer to Note 8 in the Notes to
Financial Statements for further details.
The accompanying notes are an integral part of these financial statements.
300
- --------------------------------------------------------------------------------
<Table>
<Caption>
VALUE FUND VALUE OPPORTUNITIES FUND
-------------------------------------------- --------------------------------------------
FOR THE SIX-MONTH FOR THE SIX-MONTH
PERIOD ENDED FOR THE YEAR PERIOD ENDED FOR THE YEAR
APRIL 30, 2007 ENDED APRIL 30, 2007 ENDED
(UNAUDITED) OCTOBER 31, 2006 (UNAUDITED) OCTOBER 31, 2006
----------------- ------------------ ----------------- ------------------
$ 2,103 $ 1,430 $ 562 $ 1,459
4,621 17,037 25,341 20,728
29,409 10,073 (1,037) 28,126
11 -- 17 --
-------- -------- -------- --------
36,144 28,540 24,883 50,313
-------- -------- -------- --------
-- (474) (987) --
-- -- (49) --
-- -- (123) --
-- -- -- --
-- -- -- --
-- -- (3) --
-- -- (275) (39)
-- -- (4) --
-- -- (3) --
-- -- -- --
-- -- -- --
-- -- -- --
(1,650) (780) -- (358)
-- -- -- --
(4,893) -- (9,357) (2,133)
(754) -- (1,655) (467)
(809) -- (2,027) (454)
-- -- -- --
-- -- (326) (158)
-- -- (1) --
-- -- (2,739) (881)
-- -- (627) (254)
-- -- (186) (68)
-- -- -- --
-- -- -- --
-- -- -- --
(9,092) -- (4,266) (3,035)
-- -- -- --
-------- -------- -------- --------
(17,198) (1,254) (22,628) (7,847)
-------- -------- -------- --------
4,796 3,341 25,929 30,823
758 (75) 2,684 2,299
692 695 4,534 6,635
-- -- -- --
-- -- (2,422) (1,657)
-- -- 854 11
-- -- 10,711 367
-- -- (5,452) (1,570)
-- -- (1,723) (234)
10 -- 10 --
10 -- 10 --
10 -- 10 --
190,767 1,219 (99,280) (9,374)
-- -- -- --
-------- -------- -------- --------
197,043 5,180 (64,135) 27,300
-------- -------- -------- --------
215,989 32,466 (61,880) 69,766
176,430 143,964 300,692 230,926
-------- -------- -------- --------
$392,419 $176,430 $238,812 $300,692
======== ======== ======== ========
$ 1,477 $ 1,021 $ 554 $ 1,431
======== ======== ======== ========
</Table>
301
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
1. ORGANIZATION:
The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. (the
"Companies") are open-end management investment companies comprised of
fifty-one portfolios (each a "Fund" or together the "Funds"). They are The
Hartford Advisers Fund (Advisers Fund), The Hartford Balanced Allocation
Fund (Balanced Allocation Fund), The Hartford Balanced Income Fund (Balanced
Income Fund), The Hartford Capital Appreciation Fund (Capital Appreciation
Fund), The Hartford Capital Appreciation II Fund (Capital Appreciation II
Fund), The Hartford Conservative Allocation Fund (Conservative Allocation
Fund), The Hartford Disciplined Equity Fund (Disciplined Equity Fund), The
Hartford Dividend and Growth Fund (Dividend and Growth Fund), The Hartford
Equity Growth Allocation Fund (Equity Growth Allocation Fund), The Hartford
Equity Income Fund (Equity Income Fund), The Hartford Floating Rate Fund
(Floating Rate Fund), The Hartford Fundamental Growth Fund (Fundamental
Growth Fund), The Hartford Global Communications Fund (Global Communications
Fund), The Hartford Global Financial Services Fund (Global Financial
Services Fund), The Hartford Global Health Fund (Global Health Fund), The
Hartford Global Leaders Fund (Global Leaders Fund), The Hartford Global
Technology Fund (Global Technology Fund), The Hartford Growth Allocation
Fund (Growth Allocation Fund), The Hartford Growth Fund (Growth Fund), The
Hartford Growth Opportunities Fund (Growth Opportunities Fund), The Hartford
High Yield Fund (High Yield Fund), The Hartford Income Allocation Fund
(Income Allocation Fund), The Hartford Income Fund (Income Fund), The
Hartford Inflation Plus Fund (Inflation Plus Fund), The Hartford
International Capital Appreciation Fund (International Capital Appreciation
Fund), The Hartford International Opportunities Fund (International
Opportunities Fund), The Hartford International Small Company Fund
(International Small Company Fund), The Hartford LargeCap Growth Fund
(LargeCap Growth Fund), The Hartford MidCap Fund (MidCap Fund), The Hartford
MidCap Growth Fund (MidCap Growth Fund), The Hartford MidCap Value Fund
(MidCap Value Fund), The Hartford Money Market Fund (Money Market Fund), The
Hartford Retirement Income Fund (Retirement Income Fund), The Hartford
Select MidCap Growth Fund (Select MidCap Growth Fund), The Hartford Select
MidCap Value Fund (Select MidCap Value Fund), The Hartford Select SmallCap
Value Fund (SmallCap Value Fund), The Hartford Short Duration Fund (Short
Duration Fund), The Hartford Small Company Fund (Small Company Fund), The
Hartford SmallCap Growth Fund (SmallCap Growth Fund), The Hartford Stock
Fund (Stock Fund), The Hartford Target Retirement 2010 Fund (Target
Retirement 2010 Fund), The Hartford Target Retirement 2020 Fund (Target
Retirement 2020 Fund), The Hartford Target Retirement 2030 Fund (Target
Retirement 2030 Fund), The Hartford Tax-Free California Fund (Tax-Free
California Fund), The Hartford Tax-Free Minnesota Fund (Tax-Free Minnesota
Fund), The Hartford Tax-Free National Fund (Tax-Free National Fund), The
Hartford Tax-Free New York Fund (Tax-Free New York Fund), The Hartford Total
Return Bond Fund (Total Return Bond Fund), The Hartford U.S. Government
Securities Fund (U.S. Government Securities Fund), The Hartford Value Fund
(Value Fund) and The Hartford Value Opportunities Fund (Value Opportunities
Fund). The Companies are organized under the laws of the State of Maryland
and are registered with the Securities and Exchange Commission ("SEC") under
the Investment Company Act of 1940, as amended, as diversified open-end
management investment companies, except for Floating Rate Fund, Global
Communications Fund, Global Financial Services Fund, Global Health Fund,
Global Technology Fund, Inflation Plus Fund, Tax-Free California Fund and
Tax-Free New York Fund, which are non-diversified.
Effective March 1, 2007, the name of The Hartford Aggressive Growth
Allocation Fund was changed to The Hartford Equity Growth Allocation Fund
and effective March 30, 2007, the name of The Hartford Focus Fund was
changed to The Hartford Fundamental Growth Fund.
Class A shares are sold with a front-end sales charge of up to 5.50%, except
for High Yield Fund, Income Allocation Fund, Income Fund, Inflation Plus
Fund, Tax-Free California Fund, Tax-Free Minnesota Fund, Tax-Free National
Fund, Tax-Free New York Fund, Total Return Bond Fund and U.S. Government
Securities Fund, which have a maximum front-end sales charge of up to 4.50%.
Floating Rate Fund and Short Duration Fund have a maximum front-end sales
charge of up to 3.00%. Class B shares are sold with a contingent deferred
sales charge which is assessed on the lesser of the net asset value of the
shares at the time of redemption or the original purchase price, and
declines from up to 5.00% to zero depending on the period of time the shares
are held. Class C shares are sold with a contingent deferred sales charge of
up to 1.00%. Class I shares commenced operations on August 31, 2006 and are
sold without sales charges to certain eligible investors through advisory
fee-based wrap programs. Class L shares are sold with a sales charge of up
to 4.75%. Classes R3, R4, R5 shares, which commenced operations on December
22, 2006, and Y shares are sold to certain eligible institutional investors
without a sales charge. All classes of shares have identical voting,
redemption, dividend, liquidation and other rights and the same terms and
conditions, except that each class may have different expenses, which may
affect performance, and except that Class B shares automatically convert to
Class A shares after 8 years.
Each of the following Funds ("Allocation Funds"): Balanced Allocation Fund,
Conservative Allocation Fund, Equity Growth Allocation Fund, Growth
Allocation Fund and Income Allocation Fund and ("Target Retirement Funds"):
Retirement Income Fund, Target Retirement 2010 Fund, Target Retirement 2020
Fund and Target Retirement 2030 Fund is a "Fund of Funds", which invests the
majority of its assets in Class Y shares of other Hartford mutual funds:
domestic and international equity funds and fixed income funds ("Underlying
Funds"). The Allocation Funds seek their investment goals through
implementation of a strategic asset allocation recommendation provided by
Hartford Investment Financial Services, LLC ("HIFSCO"), a wholly-owned
indirect subsidiary of The Hartford Financial Services Group, Inc. ("The
Hartford"). The Target Retirement Funds seek their investment goals through
implementation of a strategic asset allocation recommendation provided by
Hartford Investment Management Company (Hartford Investment Management), a
wholly-owned subsidiary of The Hartford. Ibbotson Associates, Inc.
("Ibbotson") served a as consultant to HIFSCO and Hartford Investment
Management with respect to selecting the Underlying Funds and the Funds'
asset allocations among the Underlying Funds until November 13, 2006, at
which time Ibbotson's contracts were terminated. Each Underlying Fund's
accounting policies are outlined below.
Indemnifications: Under the Funds' organizational documents, their
directors and officers are indemnified against certain liabilities arising
out of the performance of their duties to the Funds. In addition, the Funds'
enter into contracts that contain a variety of indemnifications. The Funds'
maximum exposure under these arrangements is unknown. However, the Funds
have not had prior claims or losses pursuant to these contracts and expect
the risk of loss to be remote.
302
- --------------------------------------------------------------------------------
2. SIGNIFICANT ACCOUNTING POLICIES:
The following is a summary of significant accounting policies of the Funds,
which are in accordance with U.S. generally accepted accounting principles
in the investment company industry:
a) Security Transactions -- Security transactions are recorded on the trade
date (date the order to buy or sell is executed). Security gains and
losses are determined on the basis of identified cost. Trade date for
senior floating rate interests purchased in the primary market is
considered the date on which the loan allocations are determined. Trade
date for senior floating rate interests purchased in the secondary
market is the date on which the transaction is entered into.
b) Security Valuation and Investment Income -- Except for the Money Market
Fund, the Funds (references to "Funds" in this section relate, if
applicable, to certain Underlying Funds in the case of a Fund of Funds)
generally use market prices in valuing portfolio securities. If market
quotations are not readily available or are deemed unreliable, a Fund
will use the fair value of the security as determined in good faith
under policies and procedures established by and under the supervision
of that Fund's Board of Directors. Market prices may be deemed
unreliable, for example, if a security is thinly traded or if an event
has occurred after the close of the exchange on which a portfolio
security is principally traded but before the close of the New York
Stock Exchange (the "Exchange") (normally 4:00 p.m. Eastern Time,
referred to as the "Valuation Time") that is expected to affect the
value of the portfolio security. The circumstances in which a Fund may
use fair value pricing include, among others: (i) the occurrence of
events that are significant to a particular issuer, such as mergers,
restructuring or defaults; (ii) the occurrence of events that are
significant to an entire market, such as natural disasters in a
particular region or governmental actions; (iii) trading restrictions on
securities; (iv) thinly traded securities and (v) market events such as
trading halts and early market closings. In addition, with respect to
the valuation of securities principally traded on foreign markets, each
Fund, uses a fair value pricing service approved by that Fund's Board of
Directors, which employs quantitative models to adjust for "stale"
prices caused by the movement of other markets and other factors
occurring after the close of the foreign markets but before the close of
the Exchange. Securities that are principally traded on foreign markets
may trade on days that are not business days of the Funds. Because the
NAV of each Fund's shares is determined only on business days of the
Funds, the value of the portfolio securities of a Fund that invests in
foreign securities may change on days when a shareholder will not be
able to purchase or redeem shares of the Fund. Fair value pricing is
subjective in nature and the use of fair value pricing by the Funds may
cause the net asset value of their respective shares to differ
significantly from the net asset value that would have been calculated
using market prices at the close of the exchange on which a portfolio
security is principally traded but before the close of the exchange.
There can be no assurance that any Fund could obtain the fair value
assigned to a security if the Fund were to sell the security at
approximately the time at which that Fund determines its NAV per share.
Debt securities (other than short-term obligations and Senior Floating
Rate Interests) held by a Fund are valued on the basis of valuations
furnished by an unaffiliated pricing service which determines valuations
for normal institutional size trading units of debt securities. Senior
Floating Rate Interests generally trade in over-the-counter markets and
are priced through an unaffiliated pricing service utilizing independent
market quotations from loan dealers of financial institutions.
Securities for which prices are not available from an independent
pricing service, but where an active market exists, are valued using
market quotations obtained from one or more dealers that make markets in
the securities or from a widely-used quotation system in accordance with
procedures established by that Fund's Board of Directors. Generally,
each Fund may use fair valuation in regards to debt securities when a
Fund holds defaulted or distressed securities or securities in a company
in which reorganization is pending. Short term investments with a
maturity of more than 60 days when purchased are valued based on market
quotations until the remaining days to maturity become less than 61
days. The Money Market Fund's investments and investments that mature in
60 days or less are valued at amortized cost, which approximates market
value.
Exchange traded equity securities shall be valued at the last reported
sale price on the exchange or market on which the security is primarily
traded (the "Primary Market") at the Valuation Time. If the security did
not trade on the Primary Market, it may be valued at the Valuation Time
at the last reported sale price on another exchange where it trades. The
value of an equity security not traded on any exchange but traded on the
Nasdaq Stock Market, Inc. System ("Nasdaq") or another over-the-counter
("OTC") market shall be valued at the last reported sale price or
official closing price on the exchange or market on which the security
is traded as of the Valuation Time. If it is not possible to determine
the last reported sale price or official closing price on the relevant
exchange or market at the Valuation Time, the value of the security
shall be taken to be the most recent bid quotation on such exchange or
market at the Valuation Time.
Securities of foreign issuers and non-dollar securities are translated
from the local currency into U.S. dollars using the prevailing exchange
rates.
Options contracts on securities, currencies, indexes, futures contracts,
commodities and other instruments shall be valued at their most recent
sale price at the Valuation Time on the Primary Market on which the
instrument is traded. If the instrument did not trade on the Primary
Market, it may be valued at the most recent sales price at the Valuation
Time on another exchange or market where it did trade.
Futures contracts shall be valued at the final settlement price reported
by the applicable futures exchange. If there were no trades as of the
valuation day, then the contract shall be valued at the closing bid
price as of the Valuation Time.
Financial instruments for which prices are not available from an
independent pricing service, but where an active market exists, are
valued using market quotations obtained from one or more dealers that
make markets in securities or from a widely-used quotation system in
accordance with procedures established by that Fund's Board of
Directors.
A forward currency contract shall be valued based on the price of the
underlying currency at the prevailing interpolated exchange rate, which
is a combination of the spot currency rate and the forward currency
rate. Spot currency rates and forward currency rates are obtained from
an independent pricing service on a daily basis not more than one hour
before the Valuation Time. In the event that the applicable pricing
service
303
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
cannot provide the spot currency rates and forward currency rates in a
timely fashion, such rates may be obtained from a widely-used quotation
system in accordance with procedures established by that Fund's Board of
Directors.
Swaps and other derivative or contractual type instruments shall be
valued using market prices if such instruments trade on an exchange or
market. If such instruments do not trade on an exchange or market, such
instruments shall be valued at a price at which the counterparty to such
contract would repurchase the instrument. In the event that the
counterparty cannot provide a price, such valuation may be determined in
accordance with procedures established by the Fund's Board of Directors.
Investments in open-end mutual funds are valued at the respective net
asset value of each open-end mutual fund on the valuation date.
Dividend income is accrued as of the ex-dividend date, except that
certain dividends for foreign securities where the ex-dividend date may
have passed are recorded as soon as the Fund is informed of the dividend
in the exercise of reasonable diligence. Interest income, including
amortization of premium and accretion of discounts, is accrued on a
daily basis. Income and capital gain distributions from Underlying Funds
are recorded on ex-dividend date.
c) Foreign Currency Transactions -- The accounting records of the Funds are
maintained in U.S. dollars. All assets and liabilities initially
expressed in foreign currencies are converted into U.S. dollars at
prevailing exchange rates. Purchases and sales of investment securities,
dividend and interest income and certain expenses are translated at the
rates of exchange prevailing on the respective dates of such
transactions.
The Funds do not isolate that portion of portfolio security valuation
resulting from fluctuations in foreign currency exchange rates on
portfolio securities from the fluctuations arising from changes in the
market prices of securities held. Such fluctuations are included within
the net realized and unrealized gain or loss on investments in the
accompanying financial statements.
Net realized foreign exchange gains or losses arise from sales of
foreign currencies and the difference between asset and liability
amounts initially stated in foreign currencies and the U.S. dollar value
of the amounts actually received or paid. Net unrealized foreign
exchange gains or losses arise from changes in the value of other assets
and liabilities at the end of the reporting period, resulting from
changes in the exchange rates.
d) Securities Lending -- The Funds, except for the Money Market Fund, may
lend their securities to certain qualified brokers who pay these Funds
negotiated lender fees. The loans are collateralized at all times with
cash, which is then invested in short-term money market instruments or
U.S. government securities with a market value at least equal to the
market value of the securities on loan. The adequacy of the collateral
for securities on loan is monitored on a daily basis. For instances
where the market value of collateral falls below the market value of the
securities on loan, such collateral is supplemented on the following
day. As with other extensions of credit, these Funds may bear the risk
of delay in recovery of loaned securities or even loss of rights in the
collateral should the borrower of the securities fail financially.
e) Joint Trading Account -- Pursuant to an exemptive order issued by the
SEC, the Funds may transfer uninvested cash balances into a joint
trading account managed by Hartford Investment Management or Wellington
Management Company LLP ("Wellington"). These balances may be invested in
one or more repurchase agreements and/or short-term money market
instruments.
f) Repurchase Agreements -- A repurchase agreement is an agreement by which
the seller of a security agrees to repurchase the security sold at a
mutually agreed upon time and price. At the time the Funds enter into a
repurchase agreement, the value of the underlying collateral
security(ies), including accrued interest, will be equal to or exceed
the value of the repurchase agreement. Securities that serve to
collateralize the repurchase agreement are held by each Fund's custodian
in book entry or physical form in the custodial account of the Funds or
in a third party custodial account. Repurchase agreements are valued at
cost plus accrued interest receivable.
Certain Funds, together with other investment management companies
having investment advisory agreements with Wellington, have an interest
in joint repurchase agreements dated 4/30/07 in the amount of $2,032,871
due 5/1/07 with the brokers indicated in the table below. These joint
repurchase agreements are collateralized as follows:
<Table>
<Caption>
COLLATERAL COLLATERAL COLLATERAL COLLATERAL
BROKER RATE PRINCIPAL VALUE SECURITY TYPE COUPON RATE MATURITY
------ ---- --------- ---------- ------------------ --------------- ------------
Banc of America
Securities............. 5.24% $675,000 $688,500 FHLMC 6.00% 2037
FNMA 5.00% 2035
BNP Paribas Securities
Corp. ................. 5.23% 250,000 255,001 FHLB 4.00% - 5.00% 2008 - 2015
FHLMC 4.125% - 5.75% 2009 - 2018
FNMA 4.75% - 5.17% 2007 - 2010
Deutsche Bank
Securities............. 5.10% 7,871 8,041 U.S. Treasury Note 4.75% 2012
Deutsche Bank
Securities............. 5.24% 335,000 341,700 FHLMC 5.00% - 6.50% 2018 - 2037
UBS Securities LLC....... 5.24% 765,000 780,303 FHLMC 4.00% - 10.50% 2008 - 2037
FNMA 5.00% - 7.50% 2013 - 2046
</Table>
304
- --------------------------------------------------------------------------------
The amount to be received upon maturity of each Fund's repurchase
agreement is as follows:
<Table>
<Caption>
MATURITY
FUND AMOUNT
---- --------
Advisers Fund............................................... $ 54,618
Balanced Income Fund........................................ 1,305
Capital Appreciation Fund................................... 765,788
Capital Appreciation II Fund................................ 41,866
Disciplined Equity Fund..................................... 121
Dividend and Growth Fund.................................... 118,307
Equity Income Fund.......................................... 12,438
Fundamental Growth Fund..................................... 1,233
Global Communications Fund.................................. 1,122
Global Financial Services Fund.............................. 1,023
Global Health Fund.......................................... 24,899
Global Leaders Fund......................................... 349
Global Technology Fund...................................... 255
Growth Fund................................................. 5,957
Growth Opportunities Fund................................... 62,283
International Capital Appreciation Fund..................... 15,895
International Opportunities Fund............................ 2,607
International Small Company Fund............................ 11,718
MidCap Fund................................................. 9,418
MidCap Value Fund........................................... 4,867
Small Company Fund.......................................... 11,103
SmallCap Growth Fund........................................ 3,745
Stock Fund.................................................. 3,261
Value Fund.................................................. 2,743
Value Opportunities Fund.................................... 3,799
</Table>
Certain Funds, together with other investment management companies
having investment advisory agreements with Hartford Investment
Management, have an interest in joint repurchase agreements dated
4/30/07 in the amount of $846,221 due 5/1/07 with the brokers indicated
on the table below. These joint repurchase agreements are collateralized
as follows:
<Table>
<Caption>
COLLATERAL COLLATERAL COLLATERAL COLLATERAL
BROKER RATE PRINCIPAL VALUE SECURITY TYPE COUPON RATE MATURITY
------ ---- --------- ---------- ------------------- --------------- ------------
BNP Paribas Securities
Corp. ................. 5.10% $250,000 $255,864 U.S. Treasury Bonds 6.875% - 8.75% 2019 - 2025
RBS Greenwich Capital
Markets................ 5.10% 296,221 304,315 U.S. Treasury Note 7.50% 2016
UBS Securities, Inc. .... 5.10% 300,000 306,716 U.S. Treasury Note 2.625% 2009
</Table>
The amount to be received upon maturity of each Fund's repurchase
agreement is as follows:
<Table>
<Caption>
MATURITY
FUND AMOUNT
---- --------
Floating Rate Fund.......................................... $ 76,598
High Yield Fund............................................. 3,315
Income Fund................................................. 28,835
Inflation Plus Fund......................................... 448
LargeCap Growth Fund........................................ 97
MidCap Growth Fund.......................................... 124
Select MidCap Growth Fund................................... 8
Select MidCap Value Fund.................................... 384
Small Company Fund.......................................... 3,012
SmallCap Growth Fund........................................ 7,006
Total Return Bond Fund...................................... 140,614
U.S. Government Securities Fund............................. 3,914
</Table>
g) Reverse Repurchase Agreements -- Each Fund may also enter into reverse
repurchase agreements. Reverse repurchase agreements involve sales by a
Fund of portfolio assets concurrently with an agreement by a Fund to
repurchase the same assets at a later date at a fixed price. Reverse
repurchase agreements carry the risk that the market value of the
securities which a Fund is obligated to repurchase may decline below the
repurchase price. A reverse repurchase agreement is viewed as a
collateralized borrowing by a Fund. Borrowing magnifies the potential
for gain or loss on the portfolio securities of a Fund and, therefore,
increases the possibility of fluctuation in a Fund's net asset value.
Certain Funds, as shown on the Schedule of Investments, had outstanding
reverse repurchase agreements as of April 30, 2007.
305
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
h) Futures and Options Transactions -- Certain Funds may invest in futures
and options contracts in order to gain exposure to or protect against
changes in the market. A futures contract is an agreement between two
parties to buy and sell a security at a set price on a future date. When
the Funds enter into futures contracts, they are required to deposit
with a future commission merchant an amount of initial margin of cash,
commercial paper or U.S. Treasury Bills. Subsequent payments, called
maintenance margin, to and from the broker, are made on a daily basis as
the price of the underlying security fluctuates, making the long and
short positions in the futures contract more or less valuable (i.e.,
mark-to-market), which results in an unrealized gain or loss to the
Funds.
At any time prior to expiration of the futures contract, a Fund may
close the position by taking an opposite position, which would
effectively terminate the position in the futures contract. A final
determination of maintenance margin is then made, additional cash is
required to be paid by or released to the Fund and the Funds realize a
gain or loss.
The use of futures contracts involves elements of market risk, which may
exceed the amounts recognized in the Statements of Assets and
Liabilities. Changes in the value of the futures contracts may decrease
the effectiveness of a Fund's strategies and potentially result in loss.
Certain Funds, as shown in the Schedule of Investments, had outstanding
futures contracts as of April 30, 2007.
The premium paid by a Fund for the purchase of a call or put option is
included in the Funds' Statements of Assets and Liabilities as an
investment and subsequently "marked-to-market" through net unrealized
appreciation (depreciation) of options to reflect the current market
value of the option as of the end of the reporting period.
The Funds may write covered options. "Covered" means that so long as a
Fund is obligated as the writer of an option, it will own either the
underlying securities or currency or an option to purchase or sell the
same underlying securities or currency having an expiration date of the
covered option and an exercise price equal to or less than the exercise
price of the covered option, or will establish or maintain with its
custodian for the term of the option a "segregated account" consisting
of cash or other liquid securities having a value equal to or greater
than the fluctuating market value of the option securities or
currencies. A Fund receives a premium for writing a call or put option,
which is recorded on the Funds' Statements of Assets and Liabilities and
subsequently "marked-to-market" through net unrealized appreciation
(depreciation) of options. There is a risk of loss from a change in
value of such options, which may exceed the related premiums received.
Transactions involving written option contracts for the Funds during the
six-month period ended April 30, 2007, are summarized below:
<Table>
<Caption>
HARTFORD CAPITAL APPRECIATION FUND OPTIONS
CONTRACTS ACTIVITY DURING THE SIX-MONTH
PERIOD ENDED APRIL 30, 2007
-------------------------------------------
CALL OPTIONS WRITTEN DURING THE PERIOD NUMBER OF CONTRACTS* PREMIUM AMOUNTS
-------------------------------------- ---------------------- -----------------
Beginning of the period..................................... -- $ --
Written..................................................... 5,404 1,240
Expired..................................................... -- --
Closed...................................................... (5,404) (1,240)
Exercised................................................... -- --
------ -------
End of the period........................................... -- $ --
------ -------
</Table>
<Table>
<Caption>
HARTFORD DISCIPLINED EQUITY FUND OPTIONS
CONTRACTS ACTIVITY DURING THE SIX-MONTH
PERIOD ENDED APRIL 30, 2007
-----------------------------------------
CALL OPTIONS WRITTEN DURING THE PERIOD NUMBER OF CONTRACTS* PREMIUM AMOUNTS
-------------------------------------- --------------------- ----------------
Beginning of the period..................................... 677 $ 53
Written..................................................... 2,982 210
Expired..................................................... (1,521) (115)
Closed...................................................... (1,416) (106)
Exercised................................................... -- --
------ -----
End of the period........................................... 722 $ 42
------ -----
</Table>
<Table>
<Caption>
HARTFORD DISCIPLINED EQUITY FUND OPTIONS
CONTRACTS ACTIVITY DURING THE SIX-MONTH
PERIOD ENDED APRIL 30, 2007
-----------------------------------------
PUT OPTIONS WRITTEN DURING THE PERIOD NUMBER OF CONTRACTS* PREMIUM AMOUNTS
------------------------------------- --------------------- ----------------
Beginning of the period..................................... -- $--
Written..................................................... 435 36
Expired..................................................... (45) (4)
Closed...................................................... (39) (2)
Exercised................................................... -- --
--- ---
End of the period........................................... 351 $30
--- ---
</Table>
* The number of contracts does not omit 000's.
306
- --------------------------------------------------------------------------------
i) Forward Foreign Currency Contracts -- At April 30, 2007, certain Funds,
as shown in the Schedule of Investments, entered into forward foreign
currency contracts that obligate the Funds to repurchase/replace or sell
currencies at specified future dates. The Funds enter into forward
foreign currency contracts to hedge against adverse fluctuations in
exchange rates between currencies.
Forward foreign currency contracts involve elements of market risk in
excess of the amount reflected in the Statements of Assets and
Liabilities. In addition, risks may arise upon entering into these
contracts from the potential inability of the counterparties to meet the
terms of the contracts and from unanticipated movements in the value of
foreign currencies relative to the U.S. dollar.
j) Indexed Securities -- The Funds may invest in indexed securities whose
values are linked to changes in interest rates, indices, or other
underlying instruments. The Funds use these securities to increase or
decrease their exposure to different underlying instruments and to gain
exposure to markets that might be difficult to invest in using
conventional securities. Indexed securities may be more volatile than
their underlying instruments, but any loss is limited to the amount of
the original investment and there may be a limit to the potential
appreciation of the investment. Certain Funds have investments in
indexed securities, as of April 30, 2007, as shown in the Schedules of
Investments under Exchange Traded Funds.
k) (1) Federal Income Taxes -- For federal income tax purposes, the Funds
intend to continue to qualify as regulated investment companies under
Subchapter M of the Internal Revenue Code (IRC) by distributing
substantially all of their taxable net investment income and net
realized capital gains to their shareholders and otherwise complying
with the requirements of regulated investment companies. The Funds have
distributed substantially all of their income and capital gains in prior
years and each Fund intends to distribute substantially all of its
income and gains during the calendar year ending December 31, 2007.
Accordingly, no provision for federal income 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.
k) (2) The tax character of distributions paid for the periods indicated is
as follows (as adjusted for dividends payable):
<Table>
<Caption>
FOR THE YEAR ENDED OCTOBER 31, 2006 FOR THE YEAR ENDED OCTOBER 31, 2005
------------------------------------------------ -------------------------------------
TAX LONG-TERM TAX LONG-TERM
EXEMPT ORDINARY CAPITAL TAX RETURN EXEMPT ORDINARY CAPITAL
INCOME(B) INCOME GAINS& OF CAPITAL INCOME INCOME GAINS
--------- -------- --------- ---------- -------- ---------- -----------
Advisers Fund................. $ -- $28,170 $ -- $ -- $ -- $37,568 $ --
Balanced Allocation Fund...... -- 9,607 300 -- -- 2,330 --
Balanced Income Fund#......... -- 60 -- -- -- -- --
Capital Appreciation Fund..... -- 60,755 884,027 -- -- -- --
Capital Appreciation II
Fund........................ -- 1,192 -- -- -- -- --
Conservative Allocation
Fund........................ -- 3,915 685 -- -- 1,501 --
Disciplined Equity Fund....... -- 878 -- -- -- 2,192 --
Dividend and Growth Fund...... -- 52,205 98,292 -- -- 31,677 26,222
Equity Growth Allocation
Fund........................ -- 91 552 -- -- 39 --
Equity Income Fund............ -- 12,225 -- -- -- 8,509 --
Floating Rate Fund*........... -- 77,852 -- -- -- 2,825 --
Fundamental Growth Fund....... -- 321 -- -- -- 34 --
Global Communications Fund.... -- 333 -- -- -- 106 --
Global Financial Services
Fund........................ -- 167 -- -- -- 198 --
Global Health Fund............ -- 14,523 17,300 -- -- -- 15,627
Global Leaders Fund........... -- 919 7,457 -- -- -- --
Growth Allocation Fund........ -- 2,935 776 -- -- 306 --
Growth Opportunities Fund..... -- -- 69,508 -- -- -- --
High Yield Fund............... -- 20,130 -- -- -- 21,926 --
Income Allocation Fund........ -- 1,498 -- -- -- 882 --
Income Fund................... -- 3,796 -- -- -- 2,379 160
Inflation Plus Fund........... -- 33,608 3,229 -- -- 34,177 4,354
International Captial
Appreciation Fund........... -- 2,096 1,965 -- -- -- --
International Opportunities
Fund........................ -- 509 -- -- -- -- --
International Small Company
Fund........................ -- 10,298 5,091 -- -- 8,255 733
MidCap Fund................... -- 63,745 411,745 -- -- -- 55,053
MidCap Value Fund............. -- 13,883 30,157 -- -- 10,451 20,593
Money Market Fund............. -- 9,518 -- -- -- 4,587 --
Retirement Income Fund@....... -- 18 -- -- -- -- --
Select MidCap Growth
Fund(a)..................... -- 192 -- -- -- -- --
Select MidCap Value Fund...... -- 649 -- -- -- -- --
Short Duration Fund........... -- 4,804 -- -- -- 4,345 --
Stock Fund.................... -- 2,297 -- -- -- 6,624 --
Target Retirement 2010 Fund... -- 21 -- 3 -- -- --
Target Retirement 2020 Fund... -- 17 -- -- -- -- --
</Table>
307
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
FOR THE YEAR ENDED OCTOBER 31, 2006 FOR THE YEAR ENDED OCTOBER 31, 2005
------------------------------------------------ -------------------------------------
TAX LONG-TERM TAX LONG-TERM
EXEMPT ORDINARY CAPITAL TAX RETURN EXEMPT ORDINARY CAPITAL
INCOME(B) INCOME GAINS& OF CAPITAL INCOME INCOME GAINS
--------- -------- --------- ---------- -------- ---------- -----------
Target Retirement 2030 Fund... $ -- $ 3 $ -- $ 4 $ -- $ -- $ --
Tax-Free California Fund...... 800 -- 12 -- 633 -- --
Tax-Free Minnesota Fund....... 1,373 57 -- -- 1,381 -- 85
Tax-Free National Fund........ 4,528 698 -- -- 3,716 -- 79
Tax-Free New York Fund........ 555 6 26 -- 486 -- 22
Total Return Bond Fund........ -- 32,844 1,319 -- -- 23,616 954
U.S. Government Securities
Fund........................ -- 9,827 -- -- -- 10,868 --
Value Fund.................... -- 1,254 -- -- -- 537 --
Value Opportunities Fund...... -- 5,423 5,424 -- -- -- --
</Table>
(a) For the period January 1, 2005 (commencement of operations) through
October 31, 2005.
* For the period April 29, 2005 (commencement of operations) through
October 31, 2005.
@ For the period September 30, 2005 (commencement of operations)
through October 31, 2005.
# For the period July 31, 2005 (commencement of operations) through
October 31, 2006.
& The Funds designate these distributions as long-term capital
dividends per IRC code Sec. 852(b)(3)(C).
(b) The Funds designate these distributions as exempt interest per IRC
Sec. 852(b)(5).
As of October 31, 2006, the components of distributable earnings
(deficit) on a tax basis are as follows:
<Table>
<Caption>
TOTAL
UNDISTRIBUTED UNDISTRIBUTED ACCUMULATED UNREALIZED ACCUMULATED
ORDINARY LONG-TERM CAPITAL GAINS APPRECIATION EARNINGS
INCOME CAPITAL GAIN (LOSSES)* (DEPRECIATION)@ (DEFICIT)
------------- ------------- ------------- --------------- -----------
Advisers Fund......................... $ 3,014 $ 9,545 $ -- $ 64,866 $ 77,425
Balanced Allocation Fund.............. 1,354 16,039 -- 50,973 68,366
Balanced Income Fund.................. 42 -- (19) 433 456
Capital Appreciation Fund............. 455,043 740,551 -- 2,057,923 3,253,517
Capital Appreciation II Fund.......... 7,431 1,619 -- 22,502 31,552
Conservative Allocation Fund.......... 633 3,535 -- 5,872 10,040
Disciplined Equity Fund............... 1,454 -- (60,695) 54,401 (4,840)
Dividend and Growth Fund.............. 15,041 201,659 -- 618,951 835,651
Equity Growth Allocation Fund......... -- 4,107 -- 22,058 26,165
Equity Income Fund.................... 1,642 25,507 -- 84,331 111,480
Floating Rate Fund.................... 2,092 -- (1,227) (4,286) (3,421)
Fundamental Growth Fund............... -- -- (1,063) 484 (579)
Global Communications Fund............ 368 81 -- 1,741 2,190
Global Financial Services Fund........ 180 1,748 -- 5,261 7,189
Global Health Fund.................... 6,779 21,946 -- 99,419 128,144
Global Leaders Fund................... 15,315 22,226 -- 100,848 138,389
Global Technology Fund................ -- -- (51,195) 6,756 (44,439)
Growth Allocation Fund................ -- 14,424 -- 58,976 73,400
Growth Fund........................... -- 86,481 -- 84,969 171,450
Growth Opportunities Fund............. 26,275 63,092 -- 143,030 232,397
High Yield Fund&...................... 88 -- (81,637) 2,886 (78,663)
Income Allocation Fund................ 5 -- (38) (590) (623)
Income Fund........................... 10 -- (573) 616 53
Inflation Plus Fund................... 4,022 -- (8,467) (20,288) (24,733)
International Capital Appreciation
Fund................................ 20,540 10,238 -- 46,107 76,885
International Opportunities Fund&..... 1,672 7.575 (2,430) 28,271 35,088
International Small Company Fund...... 16,470 9,615 -- 15,397 41,482
MidCap Fund........................... 42,382 438,996 -- 361,743 843,121
MidCap Growth Fund.................... 116 -- -- 539 655
MidCap Value Fund..................... 14,003 44,859 -- 71,291 130,153
Retirement Income Fund................ -- -- -- 14 14
Select MidCap Growth Fund............. 1,264 682 -- 1,154 3,100
Select MidCap Value Fund.............. 2,386 539 -- 5,904 8,829
Select SmallCap Value Fund............ 164 12 -- 1,311 1,487
Short Duration Fund................... 1 -- (2,224) (664) (2,887)
Small Company Fund.................... -- 34,677 -- 34,260 68,937
SmallCap Growth Fund.................. -- -- (168) 29,053 28,885
</Table>
308
- --------------------------------------------------------------------------------
<Table>
<Caption>
TOTAL
UNDISTRIBUTED UNDISTRIBUTED ACCUMULATED UNREALIZED ACCUMULATED
ORDINARY LONG-TERM CAPITAL GAINS APPRECIATION EARNINGS
INCOME CAPITAL GAIN (LOSSES)* (DEPRECIATION)@ (DEFICIT)
------------- ------------- ------------- --------------- -----------
Stock Fund............................ $ 4,120 $ -- $(303,982) $ 54,017 $ (245,845)
Target Retirement 2010 Fund........... -- -- -- 45 45
Target Retirement 2020 Fund........... 3 3 -- 82 88
Target Retirement 2030 Fund........... -- -- -- 82 82
Tax-Free California Fund.............. 2 -- (5) 954 951
Tax-Free Minnesota Fund............... 34 173 -- 1,578 1,785
Tax-Free National Fund................ 3 372 -- 6,313 6,688
Tax-Free New York Fund................ 2 85 -- 596 683
Total Return Bond Fund................ 574 -- (9,223) 2,899 (5,750)
U.S. Government Securities Fund....... 11 -- (18,780) 1,804 (16,965)
Value Fund............................ 1,379 15,190 -- 25,598 42,167
Value Opportunities Fund.............. 6,712 15,916 -- 35,381 58,009
</Table>
* Certain Funds had capital loss carryforwards that are identified in
Note 2(j)(4).
@ The differences between book-basis and tax-basis unrealized
appreciation (depreciation) are attributable primarily to the tax
deferral of wash sale losses, the mark-to-market adjustment for
certain derivatives in accordance with IRC Sec. 1256, the mark to
market for Passive Foreign Investment Companies and basis differences
in real estate investment trusts.
& Capital Loss carryover is subject to IRC Sec. 382 limitations.
k) (3) Reclassification of Capital Accounts:
In accordance with American Institute of Certified Public Accountants
Statement of Position 93-2, Determination, Disclosure, and Financial
Statement Presentation of Income, Capital Gain, and Return of Capital
Distributions by Investment Companies, the Funds have recorded several
reclassifications in their capital accounts. These reclassifications had
no impact on the net asset value of the Funds and are designed generally
to present accumulated undistributed (distribution in excess of) net
investment income and realized gain loss on investments on a tax basis
which is considered to be more informative to the shareholder. The
reclassifications are a result of permanent differences between GAAP and
tax accounting for such items as foreign currency, expiration of capital
loss carryforwards, distributions upon redemptions and net operating
losses that reduce capital gain distribution requirements. Adjustments
are made to reflect the impact these items have on current and future
distributions to shareholders. Therefore, the source of the Funds'
distributions may be shown in the accompanying Statements of Changes in
Net Assets as from net investment income, from net realized gains on
investments or from capital depending on the type of book and tax
differences that exist. For the period ended October 31, 2006, the Funds
recorded the following reclassifications to increase (decrease) the
accounts listed below.
<Table>
<Caption>
UNDISTRIBUTED ACCUMULATED
NET INVESTMENT NET REALIZED PAID-IN
INCOME (LOSS) GAIN (LOSS) CAPITAL
-------------- ------------ -------
Advisers Fund............................................... $ 187 $ (280) $ 93
Balanced Allocation Fund.................................... 1,564 (1,564) --
Balanced Income Fund........................................ 9 -- (9)
Capital Appreciation Fund................................... (3,043) 3,386 (343)
Capital Appreciation II Fund................................ 583 (586) 3
Conservative Allocation Fund................................ 458 (458) --
Disciplined Equity Fund..................................... (37) 21 16
Dividend and Growth Fund.................................... (194) 194 --
Equity Growth Allocation Fund............................... 1,539 (1,539) --
Equity Income Fund.......................................... (39) 39 --
Floating Rate Fund.......................................... 1,328 (1,328) --
Fundamental Growth Fund..................................... 110 18 (128)
Global Communications Fund.................................. (21) 21 --
Global Financial Services Fund.............................. 1 (1) --
Global Health Fund.......................................... 3,491 (3,492) 1
Global Leaders Fund......................................... 519 (519) --
Global Technology Fund...................................... 632 19 (651)
Growth Allocation Fund...................................... 2,317 (2,317) --
Growth Fund................................................. 4,664 243 (4,907)
Growth Opportunities Fund................................... 3,351 (3,351) --
High Yield Fund............................................. (61) 61 --
Income Allocation Fund...................................... 33 (33) --
Income Fund................................................. (31) 31 --
Inflation Plus Fund......................................... (244) 244 --
</Table>
309
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
UNDISTRIBUTED ACCUMULATED
NET INVESTMENT NET REALIZED PAID-IN
INCOME (LOSS) GAIN (LOSS) CAPITAL
-------------- ------------ -------
International Capital Appreciation Fund..................... $ (26) $ (203) $ 229
International Opportunities Fund............................ (23) 23 --
International Small Company Fund............................ 3,830 (3,830) --
MidCap Fund................................................. 10,396 (10,654) 258
MidCap Growth Fund.......................................... 10 -- (10)
MidCap Value Fund........................................... 539 (539) --
Retirement Income Fund...................................... 6 -- (6)
Select MidCap Growth Fund................................... 368 (371) 3
Select MidCap Value Fund.................................... 107 (107) --
Select SmallCap Value Fund.................................. 12 3 (15)
Short Duration Fund......................................... 17 (17) --
Small Company Fund.......................................... 3,588 141 (3,729)
SmallCap Growth Fund........................................ 1,069 93 (1,162)
Stock Fund.................................................. 214 (214) --
Target Retirement 2010 Fund................................. (1) -- 1
Target Retirement 2020 Fund................................. 7 (7) --
Target Retirement 2030 Fund................................. 1 -- (1)
Total Return Bond Fund...................................... (101) 101 --
U.S. Government Securities Fund............................. 39 (39) --
Value Fund.................................................. (14) 14 --
Value Opportunities Fund.................................... (28) 28 --
</Table>
k) (4) Capital Loss Carryforwards:
As of October 31, 2006 (tax year-end), the following Funds had capital
loss carryforwards for U.S. federal income tax purposes as follows:
<Table>
<Caption>
YEAR OF EXPIRATION
----------------------------------------------------------------------------------------------
FUND 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL
---- ------ ------- ------- -------- -------- ------ ------ ------ --------
Balanced Income Fund........ $ -- $ -- $ -- $ -- $ -- $ -- $ -- $ 19 $ 19
Disciplined Equity Fund..... -- -- -- 34,059 26,636 -- -- -- 60,695
Floating Rate Fund.......... -- -- -- -- -- -- -- 1,227 1,227
Fundamental Growth Fund..... -- -- -- -- 1,063 -- -- -- 1,063
Global Technology Fund...... -- -- 16,302 34,893 -- -- -- -- 51,195
High Yield Fund............. 2,778 19,805 1,643 25,246 28,570 -- -- 3,595 81,637
Income Allocation Fund...... -- -- -- -- -- -- -- 38 38
Income Fund................. -- -- -- -- -- -- 311 262 573
Inflation Plus Fund......... -- -- -- -- -- -- -- 8,467 8,467
International Opportunities
Fund...................... 1,701 729 -- -- -- -- -- -- 2,430
Short Duration Fund......... -- -- -- -- 221 295 977 731 2,224
SmallCap Growth Fund........ -- -- -- -- 168 -- -- -- 168
Stock Fund.................. -- -- -- 107,964 196,018 -- -- -- 303,982
Tax-Free California Fund.... -- -- -- -- -- -- -- 5 5
Total Return Bond Fund...... -- -- -- -- -- -- -- 9,223 9,223
U.S. Government Securities
Fund...................... -- 2,205 3,597 -- 672 3,591 2,517 6,198 18,780
</Table>
In accordance with Section 382 of the Internal Revenue Code, utilization
of all or a portion of the above capital loss carryforwards (acquired
via merger) is limited on an annual basis in the amounts as follows:
<Table>
<Caption>
ANNUAL
ACQUIRING FUND LIMITATION
-------------- ----------
High Yield Fund............................................. $3,813
International Opportunities Fund............................ 960
</Table>
l) Fund Share Valuation and Dividend Distributions to
Shareholders -- Orders for a Fund's shares are executed in accordance
with the investment instructions of the shareholders. The net asset
value of each Fund's shares is determined as of the close of each
business day of the Exchange. The net asset value per share is
determined separately for each class of each Fund by dividing the Fund's
net assets attributable to that class by the number of shares of the
class outstanding. Orders for the purchase of a Fund's shares received
prior to the close of the Exchange on any day on which the Exchange is
open for business are priced at the per-share net asset value determined
as of the close of the
310
- --------------------------------------------------------------------------------
Exchange. Orders received after the close of the Exchange, or on a day on
which the Exchange and/or the Fund is not open for business, are priced
at the next determined per-share net asset value.
Each Fund intends to distribute substantially all of its net investment
income and net realized capital gains to shareholders no less frequently
than once a year. Normally, dividends from net investment income of
Capital Appreciation Fund, Capital Appreciation II Fund, Disciplined
Equity Fund, Equity Growth Allocation Fund, Fundamental Growth Fund,
Global Communications Fund, Global Financial Services Fund, Global Health
Fund, Global Leaders Fund, Global Technology Fund, Growth Allocation
Fund, Growth Fund, Growth Opportunities Fund, International Capital
Appreciation Fund, International Opportunities Fund, International Small
Company Fund, LargeCap Growth Fund, MidCap Fund, MidCap Growth Fund,
MidCap Value Fund, Select MidCap Growth Fund, Select MidCap Value Fund,
Select SmallCap Value Fund, Small Company Fund, SmallCap Growth Fund,
Stock Fund, Target Retirement 2030 Fund, Value Fund, and Value
Opportunities Fund are declared and paid annually; dividends from net
investment income of Advisers Fund, Balanced Allocation Fund, Balanced
Income Fund, Conservative Allocation Fund, Dividend and Growth Fund,
Equity Income Fund, Target Retirement 2010 Fund and Target Retirement
2020 Fund are declared and paid quarterly; dividends from the net
investment income of Income Allocation Fund and Retirement Income Fund
are declared and paid monthly and dividends from net investment income of
Floating Rate Fund, High Yield Fund, Income Fund, Inflation Plus Fund,
Money Market Fund, Short Duration Fund, Tax-Free California Fund,
Tax-Free Minnesota Fund, Tax-Free National Fund, Tax-Free New York Fund,
Total Return Bond Fund and U.S. Government Securities Fund are declared
daily and paid monthly. Dividends are paid on shares beginning on the
business day after the day when the funds used to purchase your shares
are collected by the transfer agent for the funds declaring daily
dividends. Long-term capital gains distributions received from the
underlying funds are distributed to shareholders at least annually, when
required. Unless shareholders specify otherwise, all dividends and
distributions will be automatically reinvested in additional full or
fractional shares of each Fund.
Distributions from net investment income, net realized capital gains and
capital are determined in accordance with federal income tax regulations,
which may differ from U.S. generally accepted accounting principles with
respect to character and timing. These differences include the treatment
of non-taxable dividends, expiring capital loss carryforwards, foreign
currency gains and losses, losses deferred due to wash sales and excise
tax regulations. Permanent book and federal income tax basis differences
relating to shareholder distributions will result in reclassifications to
certain of the Funds' capital accounts (see Note 2(j),(3)).
m) Illiquid and Restricted Securities -- Each Fund is permitted to invest up
to 15% of its net assets in illiquid securities or other illiquid
investments, except for Inflation Plus Fund and Money Market Fund, which
may invest up to 10% in such securities. "Illiquid Securities" are those
that may not be sold or disposed of in the ordinary course of business
within seven days, at approximately the price used to determine a Fund's
net asset value per share. A Fund may not be able to sell illiquid
securities or other investments when its sub-adviser considers it
desirable to do so or may have to sell such securities or investments at
a price that is lower than the price that could be obtained if the
securities or investments were more liquid. A sale of illiquid securities
or other investments may require more time and may result in higher
dealer discounts and other selling expenses than does the sale of those
that are liquid. Illiquid securities and investments also may be more
difficult to value, due to the unavailability of reliable market
quotations such securities or investments, may have an adverse impact on
net asset value. Each Fund may also purchase certain restricted
securities, commonly known as Rule 144A securities, that can be resold to
qualifying institutions and which may be determined to be liquid pursuant
to policies and guidelines established by that Fund's Board of Directors.
n) Securities Purchased on a When-Issued or Delayed-Delivery
Basis -- Delivery and payment for securities that have been purchased by
the Funds on a forward commitment or when-issued or delayed-delivery
basis take place beyond the customary settlement period. During this
period, such securities are subject to market fluctuations, and the Funds
identify securities segregated in their records with value at least equal
to the amount of the commitment. As of April 30, 2007, the Funds entered
into outstanding when-issued or forward commitments as follows:
<Table>
<Caption>
FUND COST
---- --------
Advisers Fund............................................... $ 4,459
Floating Rate Fund.......................................... 371,921
High Yield.................................................. 6,103
Income Fund................................................. 5,469
Inflation Plus Fund......................................... 1,000
Tax-Free California Fund.................................... 600
Tax-Free National Fund...................................... 1,476
Total Return Bond Fund...................................... 228,773
</Table>
o) Credit Risk -- Credit risk depends largely on the perceived financial
health of bond issuers. In general, lower rated bonds have higher credit
risks. High yield bond prices can fall on bad news about the economy, an
industry or a company. The share price, yield and total return of a fund
which holds securities with higher credit risk may fluctuate more than
with less aggressive bond funds.
p) Senior Floating Rate Interests -- Certain Funds, as shown in the
Schedules of Investments, may invest in senior floating rate interests.
Senior floating rate interests hold the most senior position in the
capital structure of a business entity (the "Borrower"), are typically
secured by specific collateral and have a claim on the assets and/or
stock of the Borrower that is senior to that held by subordinated
debtholders and stockholders of the Borrower. Senior floating rate
interests are typically structured and administered by a financial
institution that acts as the agent of the lenders participating in the
senior floating rate interest. Senior floating rate interests are rated
below-investment-grade, which means they are more likely to default than
investment-grade loans. A default could lead to non-payment of income
which would result in a reduction of income to the Fund and there can be
no assurance that the liquidation of any collateral would satisfy the
Borrower's obligation in the event of non-payment of scheduled interest
or principal payments, or that such collateral could be readily
liquidated.
311
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
q) Prepayment Risks -- Most senior floating rate interests and certain debt
securities allow for prepayment of principal without penalty. Senior
floating rate interests and securities subject to prepayment risk
generally offer less potential for gains when interest rates decline, and
may offer a greater potential for loss when interest rates rise. In
addition, with respect to securities, rising interest rates may cause
prepayments to occur at a slower than expected rate, thereby effectively
lengthening the maturity of the security and making the security more
sensitive to interest rate changes. Prepayment risk is a major risk of
mortgage-backed securities and certain asset-backed securities.
Accordingly, the potential for the value of a senior floating rate
interests or securities to increase in response to interest rate declines
is limited. For certain asset-backed securities the actual maturity may
be less than the stated maturity shown in the Schedules of Investments.
As a result, the timing of income recognition relating to these
securities may vary based upon actual maturity. Senior floating rate
interests or debt securities purchased to replace a prepaid loan or debt
security may have lower yields than the yield on the prepaid loan or debt
security.
Senior floating rate interests generally are subject to mandatory and/or
optional prepayment. Because of these mandatory prepayment conditions and
because there may be significant economic incentives for the Borrower to
repay, prepayments of senior floating rate interests may occur. As a
result, the actual remaining maturity of senior floating rate interests
may be substantially less than stated maturities shown in the Schedules
of Investments.
r) Use of Estimates -- The preparation of financial statements in conformity
with U.S. generally accepted accounting principles requires management to
make estimates and assumptions that affect the reported amounts of assets
and liabilities as of the date of the financial statements and the
reported amounts of income and expenses during the period. Operating
results in the future could vary from the amounts derived from
management's estimates.
s) Swaps -- Certain Funds may enter into event linked swaps, including
credit default swaps. The credit default swap market allows a Fund to
manage credit risk through buying and selling credit protection on a
specific issuer, an index, or a basket of issuers. The transactions are
documented through swap documents. 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. A "seller's" exposure is limited to the
total notional amount of the credit default swap contract. A Fund will
generally not buy protection on issuers that are not currently held by
such Fund. Certain Funds, as shown in the Schedule of Investments, had
outstanding swaps as of April 30, 2007.
Certain Funds may enter into interest rate swaps. In a typical interest
rate swap, one party agrees to make regular payments equal to a floating
interest rate multiplied by a "notional principal amount," in return for
payments equal to a fixed rate multiplied by the same amount, for a
specific period of time. If a swap agreement provides for payments in
different currencies, the parties might agree to exchange the notional
principal amount as well. Swaps may also depend on other prices or rates,
such as the value of an index or mortgage prepayment rates.
t) Financial Accounting Standards Board Interpretation No. 48 -- On July 13,
2006, the Financial Accounting Standards Board (FASB) released FASB
Interpretation No. 48 "Accounting for Uncertainty in Income Taxes" ("FIN
48"). FIN 48 provides guidance for how uncertain tax positions should be
recognized, measured, presented and disclosed in the financial
statements. FIN 48 requires the evaluation of tax positions taken or
expected to be taken in the course of preparing a Funds' tax returns to
determine whether the tax positions are "more-likely-than-not" of being
sustained by the applicable tax authority. Tax positions not deemed to
meet the more-likely-than-not threshold would be recorded as a tax
benefit or expense in the current year. Adoption of FIN 48 is required
for fiscal years beginning after December 15, 2006, but not before its
last NAV calculation in the first required financial statement reporting
period for its fiscal year beginning after December 15, 2006, and is to
be applied to all open tax years as of no later than June 29, 2007. At
this time, management is evaluating the implications of FIN 48 and its
impact in the Funds' financial statements has not yet been determined.
u) Financial Accounting Standards Board Financial Accounting Standard No.
157 -- In September 2006, FASB issued Statement of Financial Accounting
Standards No. 157, "Fair Value Measurements" ("FAS 157"). This standard
clarifies the definition of fair value for financial reporting,
establishes a framework for measuring fair value and requires additional
disclosures about the use of fair value measurements. FAS 157 is
effective for the Funds' financial statements issued for fiscal years
beginning after November 15, 2007, and interim periods within those
fiscal years. As of April 30, 2007, the Funds do not believe the adoption
of FAS 157 will impact the amounts reported in the financial statements,
however, additional disclosures will be required about the inputs used to
develop the measurements of fair value and the effect of certain
measurements reported in the Statements of Operations for a fiscal
period.
3. EXPENSES:
a) Investment Management and Advisory Agreements -- HIFSCO serves as
investment manager to each Fund pursuant to an Investment Advisory
Agreement for The Hartford Mutual Funds, Inc. and The Hartford Mutual
Funds II, Inc. As investment manager, HIFSCO has overall investment
supervisory responsibility for each Fund. In addition, HIFSCO provides
administrative personnel, services, equipment and facilities and office
space for proper operation of the Funds. HIFSCO has contracted with
Wellington for the provision of day-to-day investment management services
to Advisers Fund, Balanced Income Fund, Capital Appreciation Fund,
Capital Appreciation II Fund, Disciplined Equity Fund, Dividend and
Growth Fund, Equity Income Fund, Fundamental Growth Fund, Global
Communications Fund, Global Financial Services Fund, Global Health Fund,
Global Leaders Fund, Global Technology Fund, Growth Fund, Growth
Opportunities Fund, International Capital Appreciation Fund,
International Opportunities Fund, International Small Company Fund,
MidCap Fund, MidCap Value Fund, Small Company Fund, SmallCap Growth Fund,
Stock Fund, Value Fund and Value Opportunities Fund in accordance with
each Fund's investment objective and policies. In addition, HIFSCO has
contracted with Hartford Investment Management, for the provision of day
to day investment management services for Floating Rate Fund, High Yield
Fund, Income Fund, Inflation Plus Fund, LargeCap Growth Fund, MidCap
Growth Fund, Money Market Fund, Retirement Income Fund, Select MidCap
Growth Fund, Select MidCap Value Fund, Short Duration Fund, Small Company
Fund, SmallCap Growth Fund, Target Retirement 2010 Fund, Target
Retirement 2020 Fund, Target Retirement 2030 Fund, Tax-
312
- --------------------------------------------------------------------------------
Free California Fund, Tax-Free Minnesota Fund, Tax-Free National Fund,
Tax-Free New York Fund, Total Return Bond Fund and U.S. Government
Securities Fund. HIFSCO has contracted for the provision of day to day
investment management services with Kayne Anderson Rudnick Investment
Management, LLC ("KAR"), Metropolitan West Capital Management, LLC
("MetWest Capital") and SSgA Funds Management, Inc. ("SSgA FM") for Select
SmallCap Value Fund. Each Fund pays a fee to HIFSCO, a portion of which
may be used to compensate Hartford Investment Management, KAR, MetWest
Capital, SSgA FM and Wellington, as applicable.
The schedule below reflects the rates of compensation paid to HIFSCO for
investment advisory services rendered during the six-month period ended
April 30, 2007; the rates are accrued daily and paid monthly:
CAPITAL APPRECIATION II FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $250 million.............................................. 1.00%
On next $250 million............................................... 0.95%
On next $500 million............................................... 0.90%
Over $1 billion.................................................... 0.85%
</Table>
SELECT SMALLCAP VALUE FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 1.00%
On next $500 million............................................... 0.95%
Over $1 billion.................................................... 0.90%
</Table>
GROWTH FUND, GROWTH OPPORTUNITIES FUND AND VALUE OPPORTUNITIES FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $100 million.............................................. 1.00%
On next $150 million............................................... 0.80%
Over $250 million.................................................. 0.70%
</Table>
GLOBAL COMMUNICATIONS FUND, GLOBAL FINANCIAL
SERVICES FUND, GLOBAL HEALTH FUND, GLOBAL TECHNOLOGY
FUND, INTERNATIONAL CAPITAL APPRECIATION FUND AND INTERNATIONAL SMALL COMPANY
FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.90%
On next $500 million............................................... 0.85%
Over $1 billion.................................................... 0.80%
</Table>
SMALL COMPANY FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $250 million.............................................. 0.85%
On next $250 million............................................... 0.80%
On next $500 million............................................... 0.75%
On next $500 million............................................... 0.70%
Over $1.5 billion.................................................. 0.65%
</Table>
GLOBAL LEADERS FUND, INTERNATIONAL OPPORTUNITIES FUND, MIDCAP FUND AND MIDCAP
VALUE FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.85%
On next $500 million............................................... 0.75%
Over $1 billion.................................................... 0.70%
</Table>
MIDCAP GROWTH FUND(1)
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.80%
On next $500 million............................................... 0.75%
Over $1 billion.................................................... 0.70%
</Table>
(1) Effective November 1, 2006, HIFSCO has voluntarily agreed to waive the
management fees until July 31, 2007.
TAX-FREE NATIONAL FUND(2)
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $50 million............................................... 0.80%
On next $4.95 billion.............................................. 0.70%
On next $5.0 billion............................................... 0.68%
Over $10 billion................................................... 0.67%
</Table>
(2) Effective November 1, 2006, HIFSCO has voluntarily agreed to waive
management fees of 0.15% of average total net assets until October 31, 2007.
313
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
CAPITAL APPRECIATION FUND, DISCIPLINED EQUITY FUND,
EQUITY INCOME FUND(3), STOCK FUND(4)
AND VALUE FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL RATE
- ------------------------ -----------
On first $500 million.............................................. 0.80%
On next $500 million............................................... 0.70%
Over $1 billion.................................................... 0.65%
</Table>
(3) Effective November 1, 2006, HIFSCO has voluntarily agreed to waive
management fees of 0.10% of average total net assets until October 31, 2007.
(4) Effective November 1, 2006, HIFSCO has voluntarily agreed to waive
management fees of 0.05% of average total net assets until October 31, 2007.
DIVIDEND AND GROWTH FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.75%
On next $500 million............................................... 0.65%
Over $1 billion.................................................... 0.60%
</Table>
HIGH YIELD FUND(5)
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.75%
On next $500 million............................................... 0.65%
On next $4 billion................................................. 0.60%
On next $5 billion................................................. 0.58%
Over $10 billion................................................... 0.57%
</Table>
(5) Effective November 1, 2006, HIFSCO has voluntarily agreed to waive
management fees of 0.20% of average total net assets until October 31, 2007.
BALANCED INCOME FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $250 million.............................................. 0.725%
On next $250 million............................................... 0.700%
On next $500 million............................................... 0.675%
Over $1 billion.................................................... 0.650%
</Table>
TAX-FREE MINNESOTA FUND(6)
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $50 million............................................... 0.72%
On next $4.95 billion.............................................. 0.70%
On next $5 billion................................................. 0.68%
Over $10 billion................................................... 0.67%
</Table>
(6) Effective November 1, 2006, HIFSCO has voluntarily agreed to waive
management fees of 0.15% of average total net assets until October 31, 2007.
LARGECAP GROWTH FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.65%
On next $500 million............................................... 0.60%
Over $1 billion.................................................... 0.55%
</Table>
ADVISERS FUND(7)
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.690%
On next $500 million............................................... 0.625%
Over $1 billion.................................................... 0.575%
</Table>
(7) Effective November 1, 2006, HIFSCO has voluntarily agreed to waive
management fees of 0.05% of average total net assets until October 31, 2007.
FLOATING RATE FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.65%
On next $4.5 billion............................................... 0.60%
On next $5.0 billion............................................... 0.58%
Over $10 billion................................................... 0.57%
</Table>
314
- --------------------------------------------------------------------------------
INCOME FUND AND INFLATION PLUS FUND(8)
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.60%
On next $4.5 billion............................................... 0.55%
On next $5.0 billion............................................... 0.53%
Over $10 billion................................................... 0.52%
</Table>
(8) Effective November 1, 2006, HIFSCO has voluntarily agreed to waive
management fees of 0.10% of average total net assets until October 31, 2007.
U.S. GOVERNMENT SECURITIES FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $50 million............................................... 0.60%
On next $450 million............................................... 0.55%
On next $4.5 billion............................................... 0.50%
On next $5.0 billion............................................... 0.48%
Over $10 billion................................................... 0.47%
</Table>
TOTAL RETURN BOND FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.550%
On next $500 million............................................... 0.525%
On next $4.0 billion............................................... 0.500%
On next $5.0 billion............................................... 0.480%
Over $10 billion................................................... 0.470%
</Table>
SHORT DURATION FUND, TAX-FREE CALIFORNIA FUND AND TAX-FREE NEW YORK FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.55%
On next $4.5 billion............................................... 0.50%
On next $5 billion................................................. 0.48%
Over $10 billion................................................... 0.47%
</Table>
SMALLCAP GROWTH FUND(9)
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $100 million.............................................. 1.00%
On next $150 million............................................... 0.80%
On next $250 million............................................... 0.70%
Over $500 million.................................................. 0.65%
</Table>
(9) Effective November 11, 2006, HIFSCO agreed to permanently reduce its
management fees for this Fund. Prior to November 11, 2006, the schedule was
as follows:
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
------------------------ -----------
On first $100 million.............................................. 1.00%
On next $150 million............................................... 0.80%
Over $250 million.................................................. 0.70%
</Table>
FUNDAMENTAL GROWTH FUND(10)
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.85%
On next $500 million............................................... 0.80%
Over $1 billion.................................................... 0.75%
</Table>
(10) Effective March 30, 2007, HIFSCO agreed to permanently reduce its
management fees for this Fund. Prior to March 30, 2007, the schedule was
as follows:
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
------------------------ -----------
On first $500 million.............................................. 0.90%
On next $500 million............................................... 0.85%
Over $1 billion.................................................... 0.80%
</Table>
BALANCED ALLOCATION FUND, CONSERVATIVE ALLOCATION FUND, EQUITY GROWTH ALLOCATION
FUND, GROWTH ALLOCATION FUND, INCOME ALLOCATION FUND,
RETIREMENT INCOME FUND, TARGET RETIREMENT 2010 FUND, TARGET RETIREMENT 2020 FUND
AND
TARGET RETIREMENT 2030 FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.15%
Over $500 million.................................................. 0.10%
</Table>
MONEY MARKET FUND
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.50%
On next $500 million............................................... 0.45%
On next $4.0 billion............................................... 0.40%
On next $5.0 billion............................................... 0.38%
Over $10 billion................................................... 0.37%
</Table>
315
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
SELECT MIDCAP GROWTH FUND(11)
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.75%
On next $500 million............................................... 0.70%
Over $1 billion.................................................... 0.65%
</Table>
(11) Effective December 4, 2006, HIFSCO agreed to permanently reduce its
management fees for this Fund. Prior to December 4, 2006, the schedule was
follows:
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
------------------------ -----------
On first $500 million.............................................. 0.90%
On next $500 million............................................... 0.85%
Over $1 billion.................................................... 0.80%
</Table>
SELECT MIDCAP VALUE FUND(12)
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
- ------------------------ ----------
On first $500 million.............................................. 0.75%
On next $500 million............................................... 0.70%
Over $1 billion.................................................... 0.65%
</Table>
(12) Effective December 4, 2006, HIFSCO agreed to permanently reduce its
management fees for this Fund. Prior to December 4, 2006, the schedule was
as follows:
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL FEE
------------------------ -----------
On first $500 million.............................................. 1.00%
On next $500 million............................................... 0.95%
Over $1 billion.................................................... 0.90%
</Table>
b) Distribution and Service Plan for Class A, B, C, H, L, M and N
Shares -- HIFSCO is the principal underwriter and distributor of the
Funds. HIFSCO is engaged in distribution activities, which include
marketing and distribution of shares through broker-dealers, financing
distribution costs and maintaining financial books and records. For the
six-month period ended April 30, 2007, the following revenues were
received by HIFSCO:
<Table>
<Caption>
FRONT-END LOAD CONTINGENT DEFERRED
SALES CHARGE SALES CHARGE
-------------- -------------------
Advisers Fund............................................... $ 526 $ 170
Balanced Allocation Fund.................................... 2,392 141
Balanced Income Fund........................................ 252 --
Capital Appreciation Fund................................... 22,479 1,232
Capital Appreciation II Fund................................ 3,920 60
Conservative Allocation Fund................................ 402 35
Disciplined Equity Fund..................................... 85 23
Dividend and Growth Fund.................................... 7,698 234
Equity Growth Allocation Fund............................... 739 48
Equity Income Fund.......................................... 2,689 35
Floating Rate Fund.......................................... 3,689 759
Fundamental Growth Fund..................................... 11 12
Global Communications Fund.................................. 99 3
Global Financial Services Fund.............................. 68 1
Global Health Fund.......................................... 1,383 73
Global Leaders Fund......................................... 290 41
Global Technology Fund...................................... 52 10
Growth Allocation Fund...................................... 2,179 154
Growth Fund................................................. 351 77
Growth Opportunities Fund................................... 814 58
High Yield Fund............................................. 282 34
Income Allocation Fund...................................... 113 5
Income Fund................................................. 310 17
Inflation Plus Fund......................................... 71 240
International Capital Appreciation Fund..................... 1,387 29
International Opportunities Fund............................ 549 17
International Small Company Fund............................ 502 11
LargeCap Growth Fund........................................ 3 --
MidCap Fund................................................. 151 140
MidCap Growth Fund.......................................... 76 --
MidCap Value Fund........................................... 44 35
Money Market Fund........................................... -- 57
Retirement Income Fund...................................... 4 --
Select MidCap Growth Fund................................... 61 6
Select MidCap Value Fund.................................... 211 9
Select SmallCap Value Fund.................................. 16 --
Short Duration Fund......................................... 43 7
Small Company Fund.......................................... 349 22
SmallCap Growth Fund........................................ 180 40
Stock Fund.................................................. 347 79
</Table>
316
- --------------------------------------------------------------------------------
<Table>
<Caption>
FRONT-END LOAD CONTINGENT DEFERRED
SALES CHARGE SALES CHARGE
-------------- -------------------
Target Retirement 2010 Fund................................. $ 7 $ --
Target Retirement 2020 Fund................................. 20 --
Target Retirement 2030 Fund................................. 22 6
Tax-Free California Fund.................................... 93 2
Tax-Free Minnesota Fund..................................... 48 --
Tax-Free National Fund...................................... 456 9
Tax-Free New York Fund...................................... 7 1
Total Return Bond Fund...................................... 2,915 95
U.S. Government Securities Fund............................. 86 18
Value Fund.................................................. 132 9
Value Opportunities Fund.................................... 497 18
</Table>
The Funds have adopted Distribution and Service Plans in accordance with
Rule 12b-1 of the Investment Company Act of 1940, as amended, to
compensate the Distributor (HIFSCO) for activities intended to result in
the sale and distribution of Classes A, B, C, L, R3 and R4 shares and
for providing services for shareholders. The Rule 12b-1 plan applicable
to Class A shares of the Funds provides for payment of a Rule 12b-1 fee
of up to 0.35% of average daily net assets; however, the Board of
Directors has currently authorized 12b-1 payments of only up to 0.25%.
Some or all of the fee may be used for shareholder servicing expenses
with the remainder used for distribution expenses. Some or the entire
Rule 12b-1 fee for Class B shares may be remitted to broker-dealers for
distribution and/or shareholder account services. Under the Class B
Plan, the Fund pays the Distributor 1.00% of the average daily net
assets of Class B shares that are outstanding for 8 years or less, 0.25%
of which is a fee for service provided to existing shareholders with the
remainder used for distribution expenses. After eight years, Class B
shares convert to Class A shares. Upon conversion to Class A shares, the
Class A plan described above will apply to those shares. Under the Class
C Plan, the Fund pays the Distributor 1.00% of the average daily net
assets of Class C shares outstanding, 0.25% of which is intended as a
fee for services provided to existing shareholders with the remainder
used for distribution expenses. For Class C shares, some or the entire
fee may be remitted to broker-dealers for distribution and/or
shareholder account services. Class L shares have a distribution fee of
0.25% for each Fund. Class R3 shares have a distribution fee of 0.50%
and Class R4 shares have a distribution fee of 0.25%. For Classes R3 and
R4 shares, some or the entire fee may be remitted to broker dealers for
distribution and/or shareholder account services.
The Funds' 12b-1 fees are accrued daily and pay monthly.
For the six-month period ended April 30, 2007, total sales commissions
paid to affiliated brokers/dealers of The Hartford for distributing the
Funds' shares were $2,768. These commissions are in turn paid to sales
representatives of the broker/dealers.
c) Operating Expenses -- Allocable expenses incurred by the Funds are
allocated to each Fund in proportion to the average daily net assets of
each Fund, except where allocation of certain expenses is more fairly
made directly to the Fund or to specific classes within a Fund. During
the six-month period ended April 30, 2007, HIFSCO has voluntarily
limited the total operating expenses of the Class A, B, C, I, L, R3, R4,
R5 and Y shares of some of the Funds, exclusive of taxes, interest
expense, brokerage commissions, acquired fund fees (except for Fund of
Funds) and expenses and extraordinary expenses as follows:
<Table>
<Caption>
FUND CLASS A CLASS B CLASS C CLASS I CLASS L CLASS R3** CLASS R4** CLASS R5**
---- ------- ------- ------- ------- ------- ---------- ---------- ----------
Advisers Fund.................... 1.18% NA NA NA NA 1.43% 1.13% 0.83%
Balanced Allocation Fund*........ 1.40% 2.10% 2.10% 1.15% NA 1.78% 1.48% 1.18%
Balanced Income Fund............. 1.25% 2.00% 2.00% NA NA NA NA NA
Capital Appreciation Fund........ 1.29% NA NA 1.04% NA 1.54% 1.24% 0.94%
Capital Appreciation II Fund..... 1.60% 2.35% 2.35% 1.35% NA 1.85% 1.55% 1.25%
Conservative Allocation Fund*.... 1.35% 2.00% 2.00% 1.10% NA 1.78% 1.48% 1.18%
Disciplined Equity Fund.......... 1.40% 2.15% 2.15% NA NA 1.65% 1.35% 1.05%
Dividend and Growth Fund......... 1.25% NA NA 1.00% NA 1.50% 1.20% 0.90%
Equity Growth Allocation Fund*... 1.60% 2.25% 2.25% 1.35% NA 1.85% 1.55% 1.25%
Equity Income Fund............... 1.25% 2.00% 2.00% 1.00% NA 1.60% 1.30% 1.00%
Floating Rate Fund............... 1.00% 1.75% 1.75% 0.75% NA 1.25% 1.00% 0.85%
Fundamental Growth Fund***....... 1.45% 2.20% 2.20% NA NA NA NA NA
Global Communications Fund....... 1.60% 2.35% 2.35% NA NA NA NA NA
Global Financial Services Fund... 1.60% 2.35% 2.35% NA NA NA NA NA
Global Health Fund............... 1.60% 2.35% 2.35% 1.35% NA 1.85% 1.55% 1.25%
Global Leaders Fund.............. 1.48% 2.35% 2.35% NA NA 1.73% 1.43% 1.13%
Global Technology Fund........... 1.60% 2.35% 2.35% NA NA NA NA NA
Growth Allocation Fund*.......... 1.50% 2.15% 2.15% 1.25% NA 1.81% 1.51% 1.21%
Growth Fund...................... 1.33% 2.15% 2.15% 1.08% 1.45% 1.58% 1.28% 0.98%
Growth Opportunities Fund........ 1.36% 2.15% 2.15% 1.11% 1.45% 1.61% 1.31% 1.01%
High Yield Fund.................. 1.15% 1.90% 1.90% NA NA 1.40% 1.10% 0.85%
Income Allocation Fund*.......... 1.20% 1.90% 1.90% 0.95% NA 1.59% 1.29% 0.99%
Income Fund...................... 0.95% 1.70% 1.70% NA NA NA NA NA
<Caption>
FUND CLASS Y
---- -------
Advisers Fund.................... NA
Balanced Allocation Fund*........ NA
Balanced Income Fund............. 0.90%
Capital Appreciation Fund........ NA
Capital Appreciation II Fund..... 1.15%
Conservative Allocation Fund*.... NA
Disciplined Equity Fund.......... 1.00%
Dividend and Growth Fund......... NA
Equity Growth Allocation Fund*... NA
Equity Income Fund............... 0.90%
Floating Rate Fund............... 0.75%
Fundamental Growth Fund***....... 1.05%
Global Communications Fund....... 1.20%
Global Financial Services Fund... 1.20%
Global Health Fund............... 1.20%
Global Leaders Fund.............. 1.20%
Global Technology Fund........... 1.20%
Growth Allocation Fund*.......... NA
Growth Fund...................... 1.00%
Growth Opportunities Fund........ 1.00%
High Yield Fund.................. 0.75%
Income Allocation Fund*.......... NA
Income Fund...................... 0.70%
</Table>
317
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
FUND CLASS A CLASS B CLASS C CLASS I CLASS L CLASS R3** CLASS R4** CLASS R5**
---- ------- ------- ------- ------- ------- ---------- ---------- ----------
Inflation Plus Fund.............. 0.85% 1.60% 1.60% 0.60% NA 1.25% 1.00% 0.76%
International Capital
Appreciation Fund.............. 1.60% 2.35% 2.35% 1.35% NA 1.85% 1.55% 1.25%
International Opportunities
Fund........................... 1.57% 2.35% 2.35% NA NA 1.82% 1.52% 1.22%
International Small Company
Fund........................... 1.60% 2.35% 2.35% NA NA NA NA NA
LargeCap Growth Fund............. 1.25% 2.00% 2.00% NA NA NA NA NA
MidCap Fund...................... 1.37% NA NA NA NA NA NA NA
MidCap Growth Fund............... 1.40% 2.20% 2.20% NA NA NA NA NA
MidCap Value Fund................ 1.40% 2.15% 2.15% NA NA NA NA NA
Money Market Fund................ 0.95% 1.70% 1.70% NA NA 1.20% 0.90% 0.60%
Retirement Income Fund*.......... 1.20% 1.95% 1.95% NA NA 1.60% 1.30% 1.00%
Select MidCap Growth Fund****.... 1.35% 2.10% 2.10% NA NA NA NA NA
Select MidCap Value Fund****..... 1.30% 2.05% 2.05% NA NA NA NA NA
Select SmallCap Value Fund....... 1.60% 2.35% 2.35% NA NA NA NA NA
Short Duration Fund.............. 0.90% 1.65% 1.65% NA NA NA NA NA
SmallCap Growth Fund............. 1.40% 2.15% 2.15% 1.15% 1.25% 1.65% 1.35% 1.05%
Small Company Fund............... 1.40% 2.15% 2.15% 1.15% NA 1.65% 1.35% 1.05%
Stock Fund....................... 1.28% NA NA NA NA 1.53% 1.23% 0.93%
Target Retirement 2010 Fund*..... 1.25% 2.00% 2.00% NA NA 1.65% 1.35% 1.05%
Target Retirement 2020 Fund*..... 1.30% 2.05% 2.05% NA NA 1.70% 1.40% 1.10%
Target Retirement 2030 Fund*..... 1.35% 2.10% 2.10% NA NA 1.75% 1.45% 1.15%
Tax-Free California Fund......... 0.85% 1.60% 1.60% NA NA NA NA NA
Tax-Free Minnesota Fund.......... 0.85% 1.60% 1.60% NA 0.90% NA NA NA
Tax-Free National Fund........... 0.85% 1.60% 1.60% NA 0.90% NA NA NA
Tax-Free New York Fund........... 0.85% 1.60% 1.60% NA NA NA NA NA
Total Return Bond Fund........... 1.00% 1.75% 1.75% 0.75% NA 1.25% 1.00% 0.85%
U.S. Government Securities
Fund........................... 1.00% 1.75% 1.75% NA 1.00% NA NA NA
Value Fund....................... 1.40% 2.15% 2.15% NA NA 1.65% 1.35% 1.05%
Value Opportunities Fund......... 1.40% 2.15% 2.15% 1.15% 1.45% 1.65% 1.35% 1.05%
<Caption>
FUND CLASS Y
---- -------
Inflation Plus Fund.............. 0.60%
International Capital
Appreciation Fund.............. 1.20%
International Opportunities
Fund........................... 1.20%
International Small Company
Fund........................... 1.20%
LargeCap Growth Fund............. 0.85%
MidCap Fund...................... NA
MidCap Growth Fund............... 1.00%
MidCap Value Fund................ 1.00%
Money Market Fund................ 0.55%
Retirement Income Fund*.......... 0.90%
Select MidCap Growth Fund****.... 0.95%
Select MidCap Value Fund****..... 0.90%
Select SmallCap Value Fund....... 1.20%
Short Duration Fund.............. 0.65%
SmallCap Growth Fund............. 1.10%
Small Company Fund............... 1.00%
Stock Fund....................... NA
Target Retirement 2010 Fund*..... 0.95%
Target Retirement 2020 Fund*..... 1.00%
Target Retirement 2030 Fund*..... 1.05%
Tax-Free California Fund......... NA
Tax-Free Minnesota Fund.......... 0.75%
Tax-Free National Fund........... 0.75%
Tax-Free New York Fund........... NA
Total Return Bond Fund........... 0.75%
U.S. Government Securities
Fund........................... 0.75%
Value Fund....................... 1.00%
Value Opportunities Fund......... 1.25%
</Table>
* Voluntary limitations for total operating expenses for Balanced
Allocation Fund, Conservative Allocation Fund, Equity Growth
Allocation Fund, Growth Allocation Fund, Income Allocation Fund,
Retirement Income Fund, Target Retirement 2010 Fund, Target
Retirement 2020 Fund and Target Retirement 2030 Fund include
expenses incurred as the result of investing in other investment
companies.
** Effective December 15, 2006 through April 30, 2007.
*** For the period November 1, 2006 through March 29, 2007, HIFSCO
voluntarily limited the total operating expenses for Fundamental
Growth Fund Classes A, B, C and Y to 1.50%, 2.25%, 2.25% and 1.10%,
respectively.
**** For the period November 1, 2006 through December 3, 2006, HIFSCO
voluntarily limited the total operating expenses for Select MidCap
Growth Fund and Select MidCap Value Fund. During this period the
expense limitations for Select MidCap Growth Fund was 1.50%, 2.25%,
2.25% and 1.10% for Classes A, B, C and Y, respectively. Also
during the period the expense limitation for Select MidCap Value
Fund was 1.55%, 2.30%, 2.30% and 1.15% for Classes A, B, C and Y,
respectively.
Effective November 1, 2005, Hartford Administrative Services Company
("HASCO") has agreed to waive a portion of the transfer agency fees of
the Funds, under a voluntary undertaking, to 0.35% of average daily net
assets per fiscal year for all A, B and C share classes. This waiver is
in addition to the expanse limitations listed above.
Amounts incurred which exceed the above limits, are deducted from
expenses and are reported as expense reimbursements or waivers on the
accompanying Statements of Operations.
d) Fees Paid Indirectly -- The Funds have entered into agreements with
State Street Global Advisors and Russell Investment Group to partially
recapture non-discounted trade commissions. Such rebates are used to pay
a portion of the Funds' expenses. In addition, the Funds' custodian bank
has agreed to reduce its fees when the Funds maintain cash on deposit in
the non-interest-bearing custody account. For the six-month period ended
April 30, 2007, these amounts are included in the Statement of
Operations.
318
- --------------------------------------------------------------------------------
The ratio of expenses to average net assets in the financial highlights
excludes fees paid indirectly. Had the fees paid indirectly been
included, the annualized expense ratio for the periods listed below
would have been as follows:
<Table>
<Caption>
ANNUALIZED
SIX-MONTH PERIOD ENDED YEAR ENDED YEAR ENDED
FUND APRIL 30, 2007 OCTOBER 31, 2006 OCTOBER 31, 2005
---- ---------------------- ---------------- ----------------
ADVISERS FUND
Class A Shares........................................... 1.12% 1.11% 1.18%
Class B Shares........................................... 1.93% 1.90% 1.96%
Class C Shares........................................... 1.81% 1.81% 1.88%
Class R3 Shares.......................................... 1.43%(W) -- --
Class R4 Shares.......................................... 1.12%(W) -- --
Class R5 Shares.......................................... 0.83%(W) -- --
Class Y Shares........................................... 0.66% 0.65% 0.73%
BALANCED ALLOCATION FUND
Class A Shares........................................... 0.54% 0.62% 0.60%
Class B Shares........................................... 1.32% 1.36% 1.31%
Class C Shares........................................... 1.29% 1.36% 1.31%
Class I Shares........................................... 0.21% 0.39%+ --
Class R3 Shares.......................................... 1.00%(W) -- --
Class R4 Shares.......................................... 0.70%(W) -- --
Class R5 Shares.......................................... 0.40%(W) -- --
BALANCED INCOME FUND
Class A Shares........................................... 1.25% 1.26%# --
Class B Shares........................................... 2.00% 2.00%# --
Class C Shares........................................... 2.00% 2.00%# --
Class Y Shares........................................... 0.90% 0.90%# --
CAPITAL APPRECIATION FUND
Class A Shares........................................... 1.12% 1.17% 1.22%
Class B Shares........................................... 1.93% 1.96% 1.99%
Class C Shares........................................... 1.83% 1.88% 1.91%
Class I Shares........................................... 0.79% 0.88%+ --
Class R3 Shares.......................................... 1.55%(W) -- --
Class R4 Shares.......................................... 1.24%(W) -- --
Class R5 Shares.......................................... 0.94%(W) -- --
Class Y Shares........................................... 0.72% 0.73% 0.75%
CAPITAL APPRECIATION II FUND
Class A Shares........................................... 1.45% 1.59% 1.60%@
Class B Shares........................................... 2.29% 2.34% 2.35%@
Class C Shares........................................... 2.16% 2.32% 2.35%@
Class I Shares........................................... 1.09% 0.80%+ --
Class R3 Shares.......................................... 1.72%(W) -- --
Class R4 Shares.......................................... 1.52%(W) -- --
Class R5 Shares.......................................... 1.25%(W) -- --
Class Y Shares........................................... 1.03% 1.13% 1.15%@
CONSERVATIVE ALLOCATION FUND
Class A Shares........................................... 0.57% 0.63% 0.60%
Class B Shares........................................... 1.27% 1.31% 1.26%
Class C Shares........................................... 1.27% 1.31% 1.26%
Class I Shares........................................... 0.25% 0.41%+ --
Class R3 Shares.......................................... 1.06%(W) -- --
Class R4 Shares.......................................... 0.74%(W) -- --
Class R5 Shares.......................................... 0.45%(W) -- --
DISCIPLINED EQUITY FUND
Class A Shares........................................... 1.40% 1.39% 1.38%
Class B Shares........................................... 2.07% 2.07% 2.13%
Class C Shares........................................... 2.11% 2.09% 2.10%
Class R3 Shares.......................................... 1.65%(W) -- --
Class R4 Shares.......................................... 1.35%(W) -- --
Class R5 Shares.......................................... 1.05%(W) -- --
Class Y Shares........................................... 0.89% 0.88% 0.89%
</Table>
319
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
ANNUALIZED
SIX-MONTH PERIOD ENDED YEAR ENDED YEAR ENDED
FUND APRIL 30, 2007 OCTOBER 31, 2006 OCTOBER 31, 2005
---- ---------------------- ---------------- ----------------
DIVIDEND AND GROWTH FUND
Class A Shares........................................... 1.10% 1.13% 1.16%
Class B Shares........................................... 1.96% 1.98% 2.01%
Class C Shares........................................... 1.83% 1.86% 1.88%
Class I Shares........................................... 0.78% 0.98%+ --
Class R3 Shares.......................................... 1.50%(W) -- --
Class R4 Shares.......................................... 1.20%(W) -- --
Class R5 Shares.......................................... 0.90%(W) -- --
Class Y Shares........................................... 0.69% 0.70% 0.72%
EQUITY GROWTH ALLOCATION FUND
Class A Shares........................................... 0.67% 0.72% 0.68%
Class B Shares........................................... 1.33% 1.37% 1.33%
Class C Shares........................................... 1.33% 1.37% 1.34%
Class I Shares........................................... 0.34% 0.48%+ --
Class R3 Shares.......................................... 0.94%(W) -- --
Class R4 Shares.......................................... 0.62%(W) -- --
Class R5 Shares.......................................... 0.34%(W) -- --
EQUITY INCOME FUND
Class A Shares........................................... 1.12% 1.00% 0.50%
Class B Shares........................................... 1.96% 1.84% 1.38%
Class C Shares........................................... 1.83% 1.70% 1.22%
Class I Shares........................................... 0.83% 0.80%+ --
Class R3 Shares.......................................... 1.60%(W) -- --
Class R4 Shares.......................................... 1.30%(W) -- --
Class R5 Shares.......................................... 1.00%(W) -- --
Class Y Shares........................................... 0.73% 0.57% 0.10%
FLOATING RATE FUND
Class A Shares........................................... 0.93% 0.50% --
Class B Shares........................................... 1.75% 1.35% --
Class C Shares........................................... 1.71% 1.28% --
Class I Shares........................................... 0.68% 0.43%+ --
Class R3 Shares.......................................... 1.26%(W) -- --
Class R4 Shares.......................................... 0.97%(W) -- --
Class R5 Shares.......................................... 0.85%(W) -- --
Class Y Shares........................................... 0.65% 0.15%
FUNDAMENTAL GROWTH FUND
Class A Shares........................................... 1.49% 1.48% 1.57%
Class B Shares........................................... 2.24% 2.23% 2.32%
Class C Shares........................................... 2.24% 2.23% 2.32%
Class Y Shares........................................... 1.06% 1.05% 1.13%
GLOBAL COMMUNICATIONS FUND
Class A Shares........................................... 1.58% 1.11% 1.49%
Class B Shares........................................... 2.25% 1.73% 2.24%
Class C Shares........................................... 2.33% 1.85% 2.23%
Class Y Shares........................................... 1.13% 0.70% 1.04%
GLOBAL FINANCIAL SERVICES FUND
Class A Shares........................................... 1.60% 1.14% 1.48%
Class B Shares........................................... 2.21% 1.77% 2.25%
Class C Shares........................................... 2.35% 1.90% 2.25%
Class Y Shares........................................... 1.13% 0.74% 1.07%
GLOBAL HEALTH FUND
Class A Shares........................................... 1.41% 1.60% 1.58%
Class B Shares........................................... 2.29% 2.31% 2.33%
Class C Shares........................................... 2.14% 2.31% 2.33%
Class I Shares........................................... 1.04% 1.14%+ --
Class R3 Shares.......................................... 1.86%(W) -- --
Class R4 Shares.......................................... 1.52%(W) -- --
Class R5 Shares.......................................... 1.24%(W) -- --
Class Y Shares........................................... 0.94% 1.08% 1.06%
</Table>
320
- --------------------------------------------------------------------------------
<Table>
<Caption>
ANNUALIZED
SIX-MONTH PERIOD ENDED YEAR ENDED YEAR ENDED
FUND APRIL 30, 2007 OCTOBER 31, 2006 OCTOBER 31, 2005
---- ---------------------- ---------------- ----------------
GLOBAL LEADERS FUND
Class A Shares........................................... 1.48% 1.45% 1.36%
Class B Shares........................................... 2.15% 2.15% 2.23%
Class C Shares........................................... 2.16% 2.18% 2.13%
Class R3 Shares.......................................... 1.72%(W) -- --
Class R4 Shares.......................................... 1.41%(W) -- --
Class R5 Shares.......................................... 1.12%(W) -- --
Class Y Shares........................................... 0.89% 0.91% 0.85%
GLOBAL TECHNOLOGY FUND
Class A Shares........................................... 1.41% 1.32% 1.53%
Class B Shares........................................... 1.99% 1.96% 2.28%
Class C Shares........................................... 2.29% 2.21% 2.28%
Class Y Shares........................................... 1.09% 1.17% 1.13%
GROWTH ALLOCATION FUND
Class A Shares........................................... 0.59% 0.67% 0.64%
Class B Shares........................................... 1.29% 1.32% 1.29%
Class C Shares........................................... 1.28% 1.32% 1.29%
Class I Shares........................................... 0.23% 0.42%+ --
Class R3 Shares.......................................... 0.96%(W) -- --
Class R4 Shares.......................................... 0.65%(W) -- --
Class R5 Shares.......................................... 0.35%(W) -- --
GROWTH FUND
Class A Shares........................................... 1.28% 1.31% 1.31%
Class B Shares........................................... 2.08% 2.08% 2.13%
Class C Shares........................................... 2.00% 2.00% 2.03%
Class I Shares........................................... 0.93% 0.91%+ --
Class L Shares........................................... 1.06% 1.03% 1.04%
Class R3 Shares.......................................... 1.58%(W) -- --
Class R4 Shares.......................................... 1.27%(W) -- --
Class R5 Shares.......................................... 0.97%(W) -- --
Class Y Shares........................................... 0.83% 0.81% 0.83%
GROWTH OPPORTUNITIES FUND
Class A Shares........................................... 1.24% 1.18% 1.30%
Class B Shares........................................... 2.08% 2.05% 2.08%
Class C Shares........................................... 2.02% 2.05% 2.07%
Class I Shares........................................... 0.92% 1.12%+ --
Class L Shares........................................... 1.04% 1.04% 1.02%
Class R3 Shares.......................................... 1.62%(W) -- --
Class R4 Shares.......................................... 1.30%(W) -- --
Class R5 Shares.......................................... 1.00%(W) -- --
Class Y Shares........................................... 0.81% 0.81% 0.82%
HIGH YIELD FUND
Class A Shares........................................... 1.14% 1.20% 1.33%
Class B Shares........................................... 1.90% 1.94% 2.10%
Class C Shares........................................... 1.82% 1.89% 2.00%
Class R3 Shares.......................................... 1.40%(W) -- --
Class R4 Shares.......................................... 1.08%(W) -- --
Class R5 Shares.......................................... 0.85%(W) -- --
Class Y Shares........................................... 0.65% 0.73% 0.87%
INCOME ALLOCATION FUND
Class A Shares........................................... 0.57% 0.61% 0.56%
Class B Shares........................................... 1.27% 1.31% 1.26%
Class C Shares........................................... 1.27% 1.31% 1.26%
Class I Shares........................................... 0.33% 0.37%+ --
Class R3 Shares.......................................... 0.97%(W) -- --
Class R4 Shares.......................................... 0.64%(W) -- --
Class R5 Shares.......................................... 0.37%(W) -- --
</Table>
321
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
ANNUALIZED
SIX-MONTH PERIOD ENDED YEAR ENDED YEAR ENDED
FUND APRIL 30, 2007 OCTOBER 31, 2006 OCTOBER 31, 2005
---- ---------------------- ---------------- ----------------
INCOME FUND
Class A Shares........................................... 0.95% 0.95% 0.95%
Class B Shares........................................... 1.70% 1.70% 1.70%
Class C Shares........................................... 1.70% 1.70% 1.70%
Class Y Shares........................................... 0.67% 0.70% 0.70%
INFLATION PLUS FUND
Class A Shares........................................... 0.85% 0.95% 0.95%
Class B Shares........................................... 1.60% 1.70% 1.70%
Class C Shares........................................... 1.60% 1.70% 1.70%
Class I Shares........................................... 0.60% 0.70%+ --
Class R3 Shares.......................................... 1.25%(W) -- --
Class R4 Shares.......................................... 1.00%(W) -- --
Class R5 Shares.......................................... 0.76%(W) -- --
Class Y Shares........................................... 0.60% 0.68% 0.68%
INTERNATIONAL CAPITAL APPRECIATION FUND
Class A Shares........................................... 1.50% 1.56% 1.53%
Class B Shares........................................... 2.29% 2.26% 2.28%
Class C Shares........................................... 2.20% 2.31% 2.28%
Class I Shares........................................... 1.26% 1.36%+ --
Class R3 Shares.......................................... 1.85%(W) -- --
Class R4 Shares.......................................... 1.53%(W) -- --
Class R5 Shares.......................................... 1.25%(W) -- --
Class Y Shares........................................... 0.97% 1.12% 1.13%
INTERNATIONAL OPPORTUNITIES FUND
Class A Shares........................................... 1.49% 1.54% 1.52%
Class B Shares........................................... 2.15% 2.12% 2.30%
Class C Shares........................................... 2.21% 2.30% 2.30%
Class R3 Shares.......................................... 1.82%(W) -- --
Class R4 Shares.......................................... 1.49%(W) -- --
Class R5 Shares.......................................... 1.21%(W) -- --
Class Y Shares........................................... 0.93% 0.99% 1.01%
INTERNATIONAL SMALL COMPANY FUND
Class A Shares........................................... 1.49% 1.58% 1.55%
Class B Shares........................................... 2.21% 2.22% 2.30%
Class C Shares........................................... 2.21% 2.33% 2.30%
Class Y Shares........................................... 1.00% 1.18% 1.15%
LARGECAP GROWTH FUND
Class A Shares........................................... 1.25%++ -- --
Class B Shares........................................... 2.00%++ -- --
Class C Shares........................................... 2.00%++ -- --
Class Y Shares........................................... 0.85%++ -- --
MIDCAP FUND
Class A Shares........................................... 1.23% 1.25% 1.28%
Class B Shares........................................... 2.01% 2.01% 2.06%
Class C Shares........................................... 1.92% 1.93% 1.97%
Class Y Shares........................................... 0.80% 0.78% 0.81%
MIDCAP GROWTH FUND
Class A Shares........................................... 0.61% 1.20%# --
Class B Shares........................................... 1.58% 2.05%# --
Class C Shares........................................... 1.57% 2.07%# --
Class Y Shares........................................... 0.38% 0.79%# --
MIDCAP VALUE FUND
Class A Shares........................................... 1.40% 1.39% 1.38%
Class B Shares........................................... 2.15% 2.14% 2.13%
Class C Shares........................................... 2.12% 2.14% 2.13%
Class Y Shares........................................... 0.88% 0.93% 0.94%
</Table>
322
- --------------------------------------------------------------------------------
<Table>
<Caption>
ANNUALIZED
SIX-MONTH PERIOD ENDED YEAR ENDED YEAR ENDED
FUND APRIL 30, 2007 OCTOBER 31, 2006 OCTOBER 31, 2005
---- ---------------------- ---------------- ----------------
MONEY MARKET FUND
Class A Shares........................................... 0.95% 0.95% 0.95%
Class B Shares........................................... 1.70% 1.70% 1.70%
Class C Shares........................................... 1.70% 1.70% 1.70%
Class R3 Shares.......................................... 1.20%(W) -- --
Class R4 Shares.......................................... 0.90%(W) -- --
Class R5 Shares.......................................... 0.60%(W) -- --
Class Y Shares........................................... 0.54% 0.55% 0.55%
RETIREMENT INCOME FUND
Class A Shares........................................... 0.50% 0.54% --
Class B Shares........................................... 1.25% 1.30% --
Class C Shares........................................... 1.25% 1.30% --
Class R3 Shares.......................................... 0.91%(W) -- --
Class R4 Shares.......................................... 0.58%(W) -- --
Class R5 Shares.......................................... 0.30%(W) -- --
Class Y Shares........................................... 0.20% 0.24%
SELECT MIDCAP GROWTH FUND
Class A Shares........................................... 1.38% 1.48% 1.49%*
Class B Shares........................................... 1.99% 2.09% 2.24%*
Class C Shares........................................... 2.13% 2.23% 2.24%*
Class Y Shares........................................... 1.02% 1.08% 1.09%*
SELECT MIDCAP VALUE FUND
Class A Shares........................................... 1.36% 1.50% 1.54%@
Class B Shares........................................... 2.05% 2.25% 2.29%@
Class C Shares........................................... 2.10% 2.25% 2.29%@
Class Y Shares........................................... 0.97% 1.11% 1.14%@
SELECT SMALLCAP VALUE FUND
Class A Shares........................................... 1.35% 1.60%# --
Class B Shares........................................... 2.24% 2.35%# --
Class C Shares........................................... 2.20% 2.35%# --
Class Y Shares........................................... 1.08% 1.20%# --
SHORT DURATION FUND
Class A Shares........................................... 0.90% 0.90% 0.90%
Class B Shares........................................... 1.65% 1.65% 1.65%
Class C Shares........................................... 1.65% 1.65% 1.65%
Class Y Shares........................................... 0.64% 0.65% 0.65%
SMALL COMPANY FUND
Class A Shares........................................... 1.39% 1.37% 1.35%
Class B Shares........................................... 2.09% 2.12% 2.10%
Class C Shares........................................... 2.14% 2.11% 2.10%
Class R3 Shares.......................................... 1.64%(W) -- --
Class R4 Shares.......................................... 1.33%(W) -- --
Class R5 Shares.......................................... 1.04%(W) -- --
Class I Shares........................................... 1.03%(W) 1.10%+ --
Class Y Shares........................................... 0.89% 0.91% 0.92%
SMALLCAP GROWTH FUND
Class A Shares........................................... 1.23% 1.34% 1.38%
Class B Shares........................................... 2.00% 2.00% 2.13%
Class C Shares........................................... 2.15% 2.13% 2.13%
Class I Shares........................................... 1.03% 1.16%+ --
Class L Shares........................................... 1.13% 1.13% 1.20%
Class R3 Shares.......................................... 1.65%(W) -- --
Class R4 Shares.......................................... 1.35%(W) -- --
Class R5 Shares.......................................... 1.05%(W) -- --
Class Y Shares........................................... 0.88% 0.90% 0.97%
</Table>
323
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
ANNUALIZED
SIX-MONTH PERIOD ENDED YEAR ENDED YEAR ENDED
FUND APRIL 30, 2007 OCTOBER 31, 2006 OCTOBER 31, 2005
---- ---------------------- ---------------- ----------------
STOCK FUND
Class A Shares........................................... 1.28% 1.26% 1.31%
Class B Shares........................................... 2.13% 2.10% 2.21%
Class C Shares........................................... 2.00% 2.01% 2.07%
Class R3 Shares.......................................... 1.52%(W) -- --
Class R4 Shares.......................................... 1.21%(W) -- --
Class R5 Shares.......................................... 0.93%(W) -- --
Class Y Shares........................................... 0.77% 0.76% 0.82%
TARGET RETIREMENT 2010 FUND
Class A Shares........................................... 0.50% 0.54% --
Class B Shares........................................... 1.25% 1.29% --
Class C Shares........................................... 1.24% 1.30% --
Class R3 Shares.......................................... 0.90%(W) -- --
Class R4 Shares.......................................... 0.57%(W) -- --
Class R5 Shares.......................................... 0.30%(W) -- --
Class Y Shares........................................... 0.19% 0.23% --
TARGET RETIREMENT 2020 FUND
Class A Shares........................................... 0.50% 0.53% --
Class B Shares........................................... 1.08% 1.29% --
Class C Shares........................................... 1.25% 1.30% --
Class R3 Shares.......................................... 0.90%(W) -- --
Class R4 Shares.......................................... 0.58%(W) -- --
Class R5 Shares.......................................... 0.30%(W) -- --
Class Y Shares........................................... 0.20% 0.22% --
TARGET RETIREMENT 2030 FUND
Class A Shares........................................... 0.51% 0.53% --
Class B Shares........................................... 1.17% 1.24% --
Class C Shares........................................... 1.17% 1.10% --
Class R3 Shares.......................................... 0.91%(W) -- --
Class R4 Shares.......................................... 0.59%(W) -- --
Class R5 Shares.......................................... 0.31%(W) -- --
Class Y Shares........................................... 0.20% 0.20% --
TAX-FREE CALIFORNIA FUND
Class A Shares........................................... 0.85% 0.89% 0.89%
Class B Shares........................................... 1.60% 1.64% 1.64%
Class C Shares........................................... 1.60% 1.64% 1.64%
TAX-FREE MINNESOTA FUND
Class A Shares........................................... 0.85% 0.84% 0.84%
Class B Shares........................................... 1.60% 1.56% 1.59%
Class C Shares........................................... 1.60% 1.56% 1.59%
Class L Shares........................................... 0.90% 0.86% 0.89%
Class Y Shares........................................... 0.72% 0.83% 0.90%
TAX-FREE NATIONAL FUND
Class A Shares........................................... 0.85% 1.00% 1.01%
Class B Shares........................................... 1.60% 1.75% 1.75%
Class C Shares........................................... 1.60% 1.75% 1.75%
Class L Shares........................................... 0.90% 1.05% 1.05%
Class Y Shares........................................... 0.71% 0.89% 0.98%
TAX-FREE NEW YORK FUND
Class A Shares........................................... 0.85% 0.83% 0.84%
Class B Shares........................................... 1.60% 1.58% 1.59%
Class C Shares........................................... 1.60% 1.58% 1.59%
</Table>
324
- --------------------------------------------------------------------------------
<Table>
<Caption>
ANNUALIZED
SIX-MONTH PERIOD ENDED YEAR ENDED YEAR ENDED
FUND APRIL 30, 2007 OCTOBER 31, 2006 OCTOBER 31, 2005
---- ---------------------- ---------------- ----------------
TOTAL RETURN BOND FUND
Class A Shares........................................... 1.00% 1.19% 1.20%
Class B Shares........................................... 1.75% 1.95% 1.95%
Class C Shares........................................... 1.75% 1.86% 1.87%
Class I Shares........................................... 0.68% 0.91%+ --
Class R3 Shares.......................................... 1.25%(W) -- --
Class R4 Shares.......................................... 1.00%(W) -- --
Class R5 Shares.......................................... 0.85%(W) -- --
Class Y Shares........................................... 0.61% 0.70% 0.74%
U.S. GOVERNMENT SECURITIES FUND
Class A Shares........................................... 1.00% 1.15% 1.15%
Class B Shares........................................... 1.72% 1.91% 1.90%
Class C Shares........................................... 1.75% 1.90% 1.90%
Class L Shares........................................... 0.93% 1.08% 1.08%
Class Y Shares........................................... 0.71% 0.83% 0.86%
VALUE FUND
Class A Shares........................................... 1.30% 1.37% 1.39%
Class B Shares........................................... 2.14% 2.12% 2.14%
Class C Shares........................................... 2.07% 2.14% 2.14%
Class R3 Shares.......................................... 1.65%(w) -- --
Class R4 Shares.......................................... 1.35%(w) -- --
Class R5 Shares.......................................... 1.05%(w) -- --
Class Y Shares........................................... 0.86% 0.91% 0.92%
VALUE OPPORTUNITIES FUND
Class A Shares........................................... 1.40% 1.39% 1.39%
Class B Shares........................................... 2.14% 2.11% 2.14%
Class C Shares........................................... 2.15% 2.14% 2.14%
Class I Shares........................................... 1.12% 1.15%+ --
Class L Shares........................................... 1.26% 1.22% 1.30%
Class R3 Shares.......................................... 1.65%(w) -- --
Class R4 Shares.......................................... 1.35% -- --
Class R5 Shares.......................................... 1.04%(w) -- --
Class Y Shares........................................... 0.92% 0.99% 1.06%
</Table>
* From (commencement of operations) January 1, 2005, through October
31, 2005.
@ From (commencement of operations) April 29, 2005, through October
31, 2005.
# From (commencement of operations) July 31, 2006, through October 31,
2006.
+ From (commencement of operations) August 31, 2006, through October
31, 2006.
++ From (commencement of operations) November 30, 2006, through April
30, 2007.
(w) From (commencement of operations) December 22, 2006, through April
30, 2007.
e) Accounting Services Agreement -- Pursuant to the Fund Accounting
Agreement between Hartford Life Insurance Co. ("HLIC") and the Funds,
HLIC provides accounting services to the Funds and receives monthly
compensation at the annual rate of 0.015% of each Fund's Class A, B, C,
I, R3, R4, R5 and Y average daily net assets. Balanced Allocation Fund,
Conservative Allocation Fund, Equity Growth Allocation Fund, Income
Allocation Fund which pay a fee of 0.01% of each Fund's Class A, B, C,
I, R3, R4 and R5 average daily net assets; and Retirement Income Fund,
Target Retirement 2010 Fund, Target Retirement 2020 Fund, and Target
Retirement 2030 Fund which pay a fee of 0.01% of each Fund's Class A, B,
C, R3, R4, R5 and Y average daily net assets. The Funds' accounting
services fees are accrued daily and paid monthly.
f) Other Related Party Transactions -- The Hartford provided certain legal
services to the Funds, for which the Funds were charged $199 for the
six-month period ended April 30, 2007. Certain officers of the Funds are
directors and/or officers of HIFSCO, Hartford Investment Management
and/or The Hartford or its subsidiaries. For the six-month period ended
April 30, 2007, a portion of the Funds' chief compliance officer's
salary was paid by the Funds in the amount of $18. HASCO, a wholly owned
subsidiary of The Hartford, provides transfer agent services to the
Funds. HASCO was compensated $33,428 for providing such services. The
Funds accrue these fees daily and pay monthly.
g) Payments from Affiliate: -- On November 8, 2006, the SEC issued an Order
setting forth the terms of a settlement reached with three subsidiaries
of The Hartford that resolves the SEC's Division of Enforcement's
investigation concerning aspects of The Hartford's variable annuity and
mutual fund operations related to directed brokerage and revenue
sharing. Under the terms of the settlement, The Hartford paid a
325
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
total of $15.4 million to The Hartford Mutual Funds in the amounts
indicated below. Those amounts were recorded on the books of the Funds on
November 8, 2006 and paid on November 22, 2006. The Hartford settled this
matter without admitting or denying the findings of the SEC.
<Table>
<Caption>
CAPITAL GAIN INCOME TOTAL
FUND NAME REIMBURSEMENT REIMBURSEMENT REIMBURSEMENT
--------- ------------- ------------- -------------
Advisers Fund............................................... $ 920 $ 345 $1,265
Capital Appreciation Fund................................... 3,768 1,413 5,181
Disciplined Equity Fund..................................... 212 80 292
Dividend and Growth Fund.................................... 740 278 1,018
Fundamental Growth Fund..................................... 140 53 193
Global Communications Fund.................................. 4 1 5
Global Financial Services Fund.............................. 4 1 5
Global Health Fund.......................................... 76 29 105
Global Leaders Fund......................................... 1,392 522 1,914
Global Technology Fund...................................... 16 6 22
Growth Fund................................................. 112 42 154
Growth Opportunities Fund................................... 300 113 413
International Capital Appreciation Fund..................... 4 2 6
International Opportunities Fund............................ 20 8 28
MidCap Fund................................................. 1,788 671 2,459
MidCap Value Fund........................................... 40 15 55
Small Company............................................... 488 183 671
SmallCap Growth Fund........................................ 28 11 39
Stock Fund.................................................. 1,140 428 1,568
Value Fund.................................................. 8 3 11
Value Opportunities Fund.................................... 12 5 17
</Table>
On April 20, 2007, MidCap Growth Fund was reimbursed $24 in trading
reimbursements relating to the change in portfolio managers of the Fund.
<Table>
<Caption>
IMPACT FROM
PAYMENT FROM
IMPACT FROM AFFILIATE FOR
IMPACT FROM PAYMENT FROM TOTAL RETURN TRANSFER AGENT
PAYMENT FROM AFFILIATE FOR EXCLUDING ALLOCATION
AFFILIATE FOR SEC TRADING PAYMENTS FROM METHODOLOGY
SETTLEMENT REIMBURSEMENTS AFFILIATE REIMBURSEMENTS
FOR THE SIX-MONTH FOR THE SIX-MONTH FOR THE SIX-MONTH FOR THE
PERIOD ENDED PERIOD ENDED PERIOD ENDED YEAR ENDED
FUND APRIL 30, 2007 APRIL 30, 2007 APRIL 30, 2007 OCTOBER 31, 2004
---- ----------------- ----------------- ----------------- ----------------
Advisers Fund Class A............... 0.07% --% 7.20% 0.19%
Advisers Fund Class B............... 0.08 -- 6.80 0.26
Advisers Fund Class C............... 0.07 -- 6.88 0.21
Advisers Fund Class Y............... 0.07 -- 7.49 --
Capital Appreciation Fund Class A... 0.03 -- 7.63 --
Capital Appreciation Fund Class B... 0.04 -- 7.20 --
Capital Appreciation Fund Class C... 0.04 -- 7.26 --
Capital Appreciation Fund Class I... 0.03 -- 7.77 --
Capital Appreciation Fund Class Y... 0.03 -- 7.84 --
Disciplined Equity Fund Class A..... 0.08 -- 9.44 --
Disciplined Equity Fund Class B..... 0.08 -- 9.05 --
Disciplined Equity Fund Class C..... 0.08 -- 9.08 0.01
Disciplined Equity Fund Class Y..... 0.07 -- 9.78 --
Dividend and Growth Fund Class A.... 0.03 -- 10.21 0.06
Dividend and Growth Fund Class B.... 0.03 -- 9.76 --
Dividend and Growth Fund Class C.... 0.03 -- 9.81 0.04
Dividend and Growth Fund Class I.... 0.03 -- 10.41 --
Dividend and Growth Fund Class Y.... 0.03 -- 10.43 --
Fundamental Growth Fund Class A..... 0.28 -- 9.04 0.03
Fundamental Growth Fund Class B..... 0.29 -- 8.69 --
Fundamental Growth Fund Class C..... 0.29 -- 8.59 0.06
Fundamental Growth Fund Class Y..... 0.28 -- 9.24 --
Global Communications Fund Class
A................................. 0.02 -- 15.10 --
Global Communications Fund Class
B................................. 0.02 -- 14.71 --
Global Communications Fund Class
C................................. 0.02 -- 14.75 --
<Caption>
TOTAL RETURN
EXCLUDING
PAYMENTS FROM
AFFILIATE
FOR THE
YEAR ENDED
FUND OCTOBER 31, 2004
---- ----------------
Advisers Fund Class A............... 3.74%
Advisers Fund Class B............... 2.95
Advisers Fund Class C............... 3.06
Advisers Fund Class Y............... --
Capital Appreciation Fund Class A... --
Capital Appreciation Fund Class B... --
Capital Appreciation Fund Class C... --
Capital Appreciation Fund Class I... --
Capital Appreciation Fund Class Y... --
Disciplined Equity Fund Class A..... --
Disciplined Equity Fund Class B..... --
Disciplined Equity Fund Class C..... 5.24
Disciplined Equity Fund Class Y..... --
Dividend and Growth Fund Class A.... 12.47
Dividend and Growth Fund Class B.... --
Dividend and Growth Fund Class C.... 11.72
Dividend and Growth Fund Class I.... --
Dividend and Growth Fund Class Y.... --
Fundamental Growth Fund Class A..... 2.21
Fundamental Growth Fund Class B..... 1.48
Fundamental Growth Fund Class C..... 1.53
Fundamental Growth Fund Class Y..... --
Global Communications Fund Class
A................................. --
Global Communications Fund Class
B................................. --
Global Communications Fund Class
C................................. --
</Table>
326
- --------------------------------------------------------------------------------
<Table>
<Caption>
IMPACT FROM
PAYMENT FROM
IMPACT FROM AFFILIATE FOR
IMPACT FROM PAYMENT FROM TOTAL RETURN TRANSFER AGENT
PAYMENT FROM AFFILIATE FOR EXCLUDING ALLOCATION
AFFILIATE FOR SEC TRADING PAYMENTS FROM METHODOLOGY
SETTLEMENT REIMBURSEMENTS AFFILIATE REIMBURSEMENTS
FOR THE SIX-MONTH FOR THE SIX-MONTH FOR THE SIX-MONTH FOR THE
PERIOD ENDED PERIOD ENDED PERIOD ENDED YEAR ENDED
FUND APRIL 30, 2007 APRIL 30, 2007 APRIL 30, 2007 OCTOBER 31, 2004
---- ----------------- ----------------- ----------------- ----------------
Global Communications Fund Class
Y................................. 0.02% --% 15.33% --%
Global Financial Services Fund Class
A................................. 0.02 -- 8.86 --
Global Financial Services Fund Class
B................................. 0.02 -- 8.51 --
Global Financial Services Fund Class
C................................. 0.02 -- 8.41 --
Global Financial Services Fund Class
Y................................. 0.02 -- 9.12 --
Global Health Fund Class A.......... 0.01 -- 9.01 --
Global Health Fund Class B.......... 0.01 -- 8.54 --
Global Health Fund Class C.......... 0.01 -- 8.60 --
Global Health Fund Class I.......... 0.01 -- 9.41 --
Global Health Fund Class Y.......... 0.01 -- 9.26 --
Global Leaders Fund Class A......... 0.26 -- 9.07 --
Global Leaders Fund Class B......... 0.27 -- 8.68 --
Global Leaders Fund Class C......... 0.27 -- 8.69 --
Global Leaders Fund Class Y......... 0.25 -- 9.42 --
Global Technology Fund Class A...... 0.04 -- 7.72 --
Global Technology Fund Class B...... 0.04 -- 7.17 --
Global Technology Fund Class C...... 0.04 -- 7.00 --
Global Technology Fund Class Y...... 0.04 -- 7.87 --
Growth Fund Class A................. 0.01 -- 6.30 --
Growth Fund Class B................. 0.01 -- 5.88 --
Growth Fund Class C................. 0.01 -- 5.94 --
Growth Fund Class I................. 0.01 -- 6.47 --
Growth Fund Class L................. 0.01 -- 6.44 --
Growth Fund Class Y................. 0.01 -- 6.54 --
Growth Opportunities Fund Class A... 0.03 -- 14.14 --
Growth Opportunities Fund Class B... 0.04 -- 13.70 --
Growth Opportunities Fund Class C... 0.04 -- 13.70 --
Growth Opportunities Fund Class I... 0.03 -- 14.32 --
Growth Opportunities Fund Class L... 0.03 -- 14.29 --
Growth Opportunities Fund Class Y... 0.03 -- 14.38 --
High Yield Fund Class A............. -- -- -- 0.01
High Yield Fund Class B............. -- -- -- --
High Yield Fund Class C............. -- -- -- 0.10
International Capital Appreciation
Fund Class A...................... -- -- 13.11 --
International Capital Appreciation
Fund Class B...................... -- -- 12.67 --
International Capital Appreciation
Fund Class C...................... -- -- 12.68 --
International Capital Appreciation
Fund Class I...................... -- -- 13.33 --
International Capital Appreciation
Fund Class Y...................... -- -- 13.42 --
International Opportunities Fund
Class A........................... 0.01 -- 14.43 --
International Opportunities Fund
Class B........................... 0.01 -- 14.04 --
International Opportunities Fund
Class C........................... 0.01 -- 14.03 --
International Opportunities Fund
Class Y........................... 0.01 -- 14.75 --
MidCap Fund Class A................. 0.08 -- 15.00 --
MidCap Fund Class B................. 0.09 -- 14.56 --
MidCap Fund Class C................. 0.09 -- 14.58 --
MidCap Fund Class Y................. 0.08 -- 15.28 --
MidCap Growth Fund Class A.......... -- 0.13 19.30 --
MidCap Growth Fund Class B.......... -- 0.13 18.74 --
MidCap Growth Fund Class C.......... -- 0.13 18.73 --
MidCap Growth Fund Class Y.......... -- 0.13 19.45 --
<Caption>
TOTAL RETURN
EXCLUDING
PAYMENTS FROM
AFFILIATE
FOR THE
YEAR ENDED
FUND OCTOBER 31, 2004
---- ----------------
Global Communications Fund Class
Y................................. --%
Global Financial Services Fund Class
A................................. --
Global Financial Services Fund Class
B................................. --
Global Financial Services Fund Class
C................................. --
Global Financial Services Fund Class
Y................................. --
Global Health Fund Class A.......... --
Global Health Fund Class B.......... --
Global Health Fund Class C.......... --
Global Health Fund Class I.......... --
Global Health Fund Class Y.......... --
Global Leaders Fund Class A......... --
Global Leaders Fund Class B......... --
Global Leaders Fund Class C......... --
Global Leaders Fund Class Y......... --
Global Technology Fund Class A...... --
Global Technology Fund Class B...... --
Global Technology Fund Class C...... --
Global Technology Fund Class Y...... --
Growth Fund Class A................. --
Growth Fund Class B................. --
Growth Fund Class C................. --
Growth Fund Class I................. --
Growth Fund Class L................. --
Growth Fund Class Y................. --
Growth Opportunities Fund Class A... --
Growth Opportunities Fund Class B... --
Growth Opportunities Fund Class C... --
Growth Opportunities Fund Class I... --
Growth Opportunities Fund Class L... --
Growth Opportunities Fund Class Y... --
High Yield Fund Class A............. 9.25
High Yield Fund Class B............. 8.45
High Yield Fund Class C............. 8.44
International Capital Appreciation
Fund Class A...................... --
International Capital Appreciation
Fund Class B...................... --
International Capital Appreciation
Fund Class C...................... --
International Capital Appreciation
Fund Class I...................... --
International Capital Appreciation
Fund Class Y...................... --
International Opportunities Fund
Class A........................... --
International Opportunities Fund
Class B........................... --
International Opportunities Fund
Class C........................... --
International Opportunities Fund
Class Y........................... --
MidCap Fund Class A................. --
MidCap Fund Class B................. --
MidCap Fund Class C................. --
MidCap Fund Class Y................. --
MidCap Growth Fund Class A.......... --
MidCap Growth Fund Class B.......... --
MidCap Growth Fund Class C.......... --
MidCap Growth Fund Class Y.......... --
</Table>
327
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
IMPACT FROM
PAYMENT FROM
IMPACT FROM AFFILIATE FOR
IMPACT FROM PAYMENT FROM TOTAL RETURN TRANSFER AGENT
PAYMENT FROM AFFILIATE FOR EXCLUDING ALLOCATION
AFFILIATE FOR SEC TRADING PAYMENTS FROM METHODOLOGY
SETTLEMENT REIMBURSEMENTS AFFILIATE REIMBURSEMENTS
FOR THE SIX-MONTH FOR THE SIX-MONTH FOR THE SIX-MONTH FOR THE
PERIOD ENDED PERIOD ENDED PERIOD ENDED YEAR ENDED
FUND APRIL 30, 2007 APRIL 30, 2007 APRIL 30, 2007 OCTOBER 31, 2004
---- ----------------- ----------------- ----------------- ----------------
MidCap Value Fund Class A........... 0.01% --% 15.85% --%
MidCap Value Fund Class B........... 0.01 -- 15.43 --
MidCap Value Fund Class C........... 0.01 -- 15.51 --
MidCap Value Fund Class Y........... 0.01 -- 16.22 --
Small Company Fund Class A.......... 0.16 -- 13.16 --
Small Company Fund Class B.......... 0.18 -- 12.73 --
Small Company Fund Class C.......... 0.18 -- 12.66 --
Small Company Fund Class I.......... 0.16 -- 13.36 --
Small Company Fund Class Y.......... 0.16 -- 13.39 --
SmallCap Growth Fund Class A........ 0.01 -- 7.40 --
SmallCap Growth Fund Class B........ 0.01 -- 7.00 --
SmallCap Growth Fund Class C........ 0.01 -- 6.94 --
SmallCap Growth Fund Class I........ 0.01 -- 7.49 --
SmallCap Growth Fund Class L........ 0.01 -- 7.46 --
SmallCap Growth Fund Class Y........ 0.01 -- 7.53 --
Stock Fund Class A.................. 0.13 -- 9.47 --
Stock Fund Class B.................. 0.14 -- 9.04 --
Stock Fund Class C.................. 0.14 -- 9.13 --
Stock Fund Class Y.................. 0.12 -- 9.78 --
Total Return Bond Fund Class A...... -- -- -- 0.02
Total Return Bond Fund Class B...... -- -- -- 0.02
Total Return Bond Fund Class C...... -- -- -- 0.19
Value Fund Class A.................. -- -- 10.25 --
Value Fund Class B.................. -- -- 9.76 --
Value Fund Class C.................. -- -- 9.76 --
Value Fund Class Y.................. -- -- 10.50 --
Value Opportunities Fund Class A.... 0.01 -- 11.88 --
Value Opportunities Fund Class B.... 0.01 -- 11.42 --
Value Opportunities Fund Class C.... 0.01 -- 11.45 --
Value Opportunities Fund Class I.... 0.01 -- 12.02 --
Value Opportunities Fund Class L.... 0.01 -- 11.96 --
Value Opportunities Fund Class Y.... 0.01 -- 12.30 --
<Caption>
TOTAL RETURN
EXCLUDING
PAYMENTS FROM
AFFILIATE
FOR THE
YEAR ENDED
FUND OCTOBER 31, 2004
---- ----------------
MidCap Value Fund Class A........... --%
MidCap Value Fund Class B........... --
MidCap Value Fund Class C........... --
MidCap Value Fund Class Y........... --
Small Company Fund Class A.......... --
Small Company Fund Class B.......... --
Small Company Fund Class C.......... --
Small Company Fund Class I.......... --
Small Company Fund Class Y.......... --
SmallCap Growth Fund Class A........ --
SmallCap Growth Fund Class B........ --
SmallCap Growth Fund Class C........ --
SmallCap Growth Fund Class I........ --
SmallCap Growth Fund Class L........ --
SmallCap Growth Fund Class Y........ --
Stock Fund Class A.................. --
Stock Fund Class B.................. --
Stock Fund Class C.................. --
Stock Fund Class Y.................. --
Total Return Bond Fund Class A...... 5.08
Total Return Bond Fund Class B...... 4.35
Total Return Bond Fund Class C...... 4.57
Value Fund Class A.................. --
Value Fund Class B.................. --
Value Fund Class C.................. --
Value Fund Class Y.................. --
Value Opportunities Fund Class A.... --
Value Opportunities Fund Class B.... --
Value Opportunities Fund Class C.... --
Value Opportunities Fund Class I.... --
Value Opportunities Fund Class L.... --
Value Opportunities Fund Class Y.... --
</Table>
Subsequent events: On May 2, 2007, Small Company Fund was reimbursed
$909 in trading reimbursements relating to the change in portfolio
managers of the Fund.
Small Company Fund will receive a payment from The Hartford in regard to
incorrect IPO allocations to the Fund. The anticipated reimbursement to
the Fund will be $226. The payment is expected to be made before the
Fund's fiscal year end.
4. AFFILIATE HOLDINGS:
As of April 30, 2007, affiliates of The Hartford had ownership of shares in
the Funds as follows:
<Table>
<Caption>
FUND CLASS A CLASS B CLASS C CLASS I CLASS R3 CLASS R4 CLASS R5 CLASS Y
---- ------- ------- ------- ------- -------- -------- -------- -------
Adviser Fund.................... -- -- -- -- 1 1 1 --
Balanced Allocation Fund........ -- -- -- -- 1 1 1 --
Balanced Income Fund............ 960 25 25 -- NA NA NA 10
Capital Appreciation Fund....... -- -- -- -- * * * --
Capital Appreciation II Fund.... -- -- -- -- 1 1 1 9
Conservative Allocation Fund.... -- -- -- -- 1 1 1 --
Dividend and Growth Fund........ -- -- -- -- * * * --
Disciplined Equity Fund......... -- -- -- -- 1 1 1 --
Equity Growth Allocation Fund... -- -- -- 1 1 1 1 --
Equity Income Fund.............. -- -- -- -- 1 1 1 --
Floating Rate Fund.............. -- -- -- -- 1 1 1 --
</Table>
328
- --------------------------------------------------------------------------------
<Table>
<Caption>
FUND CLASS A CLASS B CLASS C CLASS I CLASS R3 CLASS R4 CLASS R5 CLASS Y
---- ------- ------- ------- ------- -------- -------- -------- -------
Global Health Fund.............. -- -- -- -- 1 1 1 --
Global Financial Services
Fund.......................... 617 -- -- -- NA NA NA --
Global Leaders Fund............. -- -- -- -- 1 1 1 --
Growth Allocation Fund.......... -- -- -- -- 1 1 1 --
Growth Fund..................... -- -- -- -- 1 1 1 --
Growth Opportunities Fund....... -- -- -- -- * * * --
High Yield Fund................. -- -- -- -- 1 1 1 --
Income Allocation Fund.......... -- -- -- -- 1 1 1 --
Inflation Plus Fund............. -- -- -- -- 1 1 1 --
International Capital
Appreciation Fund............. -- -- -- -- 1 1 1 --
International Opportunities
Fund.......................... -- -- -- -- 1 1 1 --
LargeCap Growth Fund............ 941 25 25 -- NA NA NA 10
MidCap Growth Fund.............. 950 25 25 -- NA NA NA 10
Money Market Fund............... -- -- -- -- 10 10 10 --
Retirement Income Fund.......... 27 12 12 -- 1 1 1 12
Select MidCap Growth Fund....... -- -- -- -- NA NA NA 9
Select MidCap Value Fund........ 1,381 51 51 -- NA NA NA 51
Select SmallCap Value Fund...... 1,443 25 25 -- NA NA NA 10
Small Company Fund.............. 475 -- -- -- * * * --
SmallCap Growth Fund............ 320 -- -- -- * * * --
Stock Fund...................... -- -- -- -- * * * --
Target Retirement 2010 Fund..... 25 14 14 -- 1 1 1 14
Target Retirement 2020 Fund..... 8 1 1 -- 1 1 1 1
Target Retirement 2030 Fund..... 8 3 3 -- 1 1 1 3
Tax-Free California Fund........ 835 -- -- -- NA NA NA NA
Tax-Free Minnesota Fund......... -- -- -- -- NA NA NA 1
Tax-Free National Fund.......... -- -- -- -- NA NA NA 1
Tax-Free New York Fund.......... 959 116 116 -- NA NA NA NA
Total Return Bond Fund.......... -- -- -- -- 1 1 1 --
U.S. Government Securities
Fund.......................... -- -- -- -- NA NA NA 1
Value Fund...................... -- -- -- -- 1 1 1 --
Value Opportunities Fund........ -- -- -- -- 1 1 1 --
</Table>
* Due to the presentation of the financial statements in thousands,
the number of shares held round to zero.
NA Not applicable
5. INVESTMENT TRANSACTIONS:
For the six-month period ended April 30, 2007, the cost of purchases and
proceeds from sales of securities for Money Market Fund were $1,015,738 and
$1,003,485, respectively. The cost of purchases and proceeds from sales of
securities (excluding short-term investments) for the other portfolios were
as follows:
<Table>
<Caption>
COST OF
COST OF PURCHASES SALES PROCEEDS PURCHASES SALES PROCEEDS
EXCLUDING EXCLUDING FOR FOR
U.S. GOVERNMENT U.S. GOVERNMENT U.S. GOVERNMENT U.S. GOVERNMENT
FUND OBLIGATIONS OBLIGATIONS OBLIGATIONS OBLIGATIONS
---- ----------------- --------------- --------------- ---------------
Advisers Fund................................ $ 700,869 $ 869,048 $ 27,801 $ 85,236
Balanced Allocation Fund..................... 375,905 294,169 -- --
Balanced Income Fund......................... 14,906 1,949 1,247 275
Capital Appreciation Fund.................... 8,083,152 6,405,796 -- --
Capital Appreciation II Fund................. 579,187 265,214 -- --
Conservative Allocation Fund................. 72,772 57,150 -- --
Disciplined Equity Fund...................... 111,009 217,963 -- --
Dividend and Growth Fund..................... 505,286 408,246 -- --
Equity Growth Allocation Fund................ 122,548 93,138 -- --
Equity Income Fund........................... 294,813 97,563 -- --
Floating Rate Fund........................... 2,606,424 617,249 -- --
Fundamental Growth Fund...................... 69,936 81,983 -- --
Global Communications Fund................... 22,129 18,822 -- --
Global Financial Services Fund............... 16,196 15,132 -- --
Global Health Fund........................... 220,525 157,109 -- --
Global Leaders Fund.......................... 365,024 386,395 -- --
</Table>
329
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
COST OF
COST OF PURCHASES SALES PROCEEDS PURCHASES SALES PROCEEDS
EXCLUDING EXCLUDING FOR FOR
U.S. GOVERNMENT U.S. GOVERNMENT U.S. GOVERNMENT U.S. GOVERNMENT
FUND OBLIGATIONS OBLIGATIONS OBLIGATIONS OBLIGATIONS
---- ----------------- --------------- --------------- ---------------
Global Technology Fund....................... 35,548 38,403 -- --
Growth Allocation Fund....................... 372,433 313,130 -- --
Growth Fund.................................. 537,867 715,741 -- --
Growth Opportunities Fund.................... 660,177 703,658 -- --
High Yield Fund.............................. 223,067 245,460 -- --
Income Allocation Fund....................... 16,102 9,021 -- --
Income Fund.................................. 216,322 134,061 105,004 74,792
Inflation Plus Fund.......................... 331 56,007 1,812,955 1,915,134
International Capital Appreciation Fund...... 482,331 460,663 -- --
International Opportunities Fund............. 328,796 264,304 -- --
International Small Company Fund............. 174,128 125,891 -- --
LargeCap Growth Fund......................... 15,687 5,428 -- --
MidCap Fund.................................. 908,075 922,928 -- --
MidCap Growth Fund........................... 29,088 23,523
MidCap Value Fund............................ 72,092 135,976 -- --
Retirement Income Fund....................... 1,023 402 -- --
Select MidCap Growth Fund.................... 34,372 66,214 -- --
Select MidCap Value Fund..................... 76,335 97,737 -- --
Select SmallCap Value Fund................... 99,105 25,375
Short Duration Fund.......................... 72,294 44,169 24,036 12,602
Small Company Fund........................... 472,174 425,420 -- --
SmallCap Growth Fund......................... 193,379 261,762 -- --
Stock Fund................................... 563,404 690,135 -- --
Target Retirement 2010 Fund.................. 6,208 1,359 -- --
Target Retirement 2020 Fund.................. 9,032 1,076 -- --
Target Retirement 2030 Fund.................. 7,728 1,389 -- --
Tax-Free California Fund..................... 7,563 4,292 -- --
Tax-Free Minnesota Fund...................... 5,864 3,472 -- --
Tax-Free National Fund....................... 54,509 21,813 -- --
Tax-Free New York Fund....................... 1,831 951 -- --
Total Return Bond Fund....................... 1,268,356 1,103,164 812,663 780,905
U.S. Government Securities Fund.............. 61,842 67,077 40,896 47,467
Value Fund................................... 232,149 51,784 -- --
Value Opportunities Fund..................... 66,055 152,840 -- --
</Table>
6. CAPITAL SHARE TRANSACTIONS:
The following information is for the six-month period ended April 30, 2007
and the year ended October 31, 2006:
<Table>
<Caption>
SHARES ISSUED FOR
SHARES SOLD REINVESTED DIVIDENDS SHARES REDEEMED
------------------------- --------------------- -------------------------
2007 2006 2007 2006 2007 2006
----------- ----------- --------- --------- ---------- ------------
ADVISERS FUND:
Class A Shares............... 3,484 5,913 882 1,293 (8,435) (20,561)
Amount................ $ 60,024 $ 94,790 $ 14,986 $ 20,524 $(144,965) $ (328,675)
Class B Shares............... 247 706 183 244 (4,416) (9,117)
Amount................ $ 4,178 $ 11,190 $ 3,064 $ 3,830 $ (75,239) $ (144,469)
Class C Shares............... 226 595 124 153 (1,454) (4,156)
Amount................ $ 3,887 $ 9,531 $ 2,092 $ 2,436 $ (24,967) $ (66,459)
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 36 102 17 24 (28) (68)
Amount................ $ 632 $ 1,645 $ 292 $ 381 $ (483) $ (1,097)
<Caption>
SHARES ISSUED
FROM MERGER
M, N AND H TO L OR NET INCREASE (DECREASE)
E OR Z TO Y OF SHARES
------------------------ -------------------------
2007 2006 2007 2006
---------- ----------- ----------- -----------
ADVISERS FUND:
Class A Shares............... -- -- (4,069) (13,355)
Amount................ $ -- $ -- $ (69,955) $ (213,361)
Class B Shares............... -- -- (3,986) (8,167)
Amount................ $ -- $ -- $ (67,997) $ (129,449)
Class C Shares............... -- -- (1,104) (3,408)
Amount................ $ -- $ -- $ (18,988) $ (54,492)
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- 25 58
Amount................ $ -- $ -- $ 441 $ 929
</Table>
330
- --------------------------------------------------------------------------------
<Table>
<Caption>
SHARES ISSUED FOR
SHARES SOLD REINVESTED DIVIDENDS SHARES REDEEMED
------------------------- --------------------- -------------------------
2007 2006 2007 2006 2007 2006
----------- ----------- --------- --------- ---------- ------------
BALANCED ALLOCATION FUND:
Class A Shares............... 7,583 19,071 1,632 584 (3,793) (5,910)
Amount................ $ 91,354 $ 220,432 $ 19,359 $ 6,675 $ (45,752) $ (68,331)
Class B Shares............... 1,330 3,455 351 95 (766) (1,092)
Amount................ $ 15,996 $ 39,827 $ 4,149 $ 1,083 $ (9,209) $ (12,605)
Class C Shares............... 3,221 6,694 489 123 (1,283) (1,987)
Amount................ $ 38,824 $ 77,177 $ 5,782 $ 1,397 $ (15,435) $ (22,926)
Class I Shares............... 71 30 2 -- (7) (1)
Amount................ $ 862 $ 354 $ 25 $ -- $ (91) $ (6)
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
BALANCED INCOME FUND:
Class A Shares............... 1,228 1,099 24 6 (75) --
Amount................ $ 13,103 $ 11,040 $ 257 $ 56 $ (801) $ (2)
Class B Shares............... 67 29 1 -- -- --
Amount................ $ 718 $ 293 $ 8 $ 1 $ (1) $ (1)
Class C Shares............... 127 40 1 -- (9) (1)
Amount................ $ 1,366 $ 396 $ 10 $ 1 $ (96) $ (10)
Class R3 Shares............... -- -- -- -- -- --
Amount................ $ -- $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... -- -- -- -- -- --
Amount................ $ -- $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... -- -- -- -- -- --
Amount................ $ -- $ -- $ -- $ -- $ -- $ --
Class Y Shares............... -- 10 -- -- -- --
Amount................ $ -- $ 100 $ 2 $ 1 $ -- $ --
CAPITAL APPRECIATION FUND:
Class A Shares............... 44,075 84,017 17,872 14,870 (19,926) (30,418)
Amount................ $1,680,932 $3,124,042 $659,969 $506,913 $(761,678) $(1,131,379)
Class B Shares............... 4,141 8,674 4,371 4,950 (4,474) (10,212)
Amount................ $ 143,350 $ 296,102 $146,177 $155,430 $(155,169) $ (346,891)
Class C Shares............... 16,814 29,995 6,331 5,348 (5,643) (7,758)
Amount................ $ 584,032 $1,028,852 $212,674 $168,448 $(196,640) $ (265,307)
Class I Shares............... 1,493 131 17 -- (38) --
Amount................ $ 56,847 $ 5,082 $ 626 $ -- $ (1,440) $ --
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 34 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... -- -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... -- -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 5,791 3,241 1,019 605 (436) (400)
Amount................ $ 236,145 $ 127,775 $ 40,269 $ 21,836 $ (17,938) $ (15,793)
CAPITAL APPRECIATION II FUND:
Class A Shares............... 15,583 15,712 400 68 (2,491) (2,554)
Amount................ $ 215,214 $ 195,318 $ 5,193 $ 756 $ (34,052) $ (31,236)
Class B Shares............... 2,049 1,831 52 8 (141) (168)
Amount................ $ 27,963 $ 22,555 $ 666 $ 89 $ (1,902) $ (2,061)
Class C Shares............... 8,102 6,194 166 23 (421) (468)
Amount................ $ 110,721 $ 76,372 $ 2,128 $ 261 $ (5,741) $ (5,716)
Class I Shares............... 3,047 252 6 -- (927) --
Amount................ $ 42,209 $ 3,204 $ 77 $ -- $ (12,495) $ (1)
<Caption>
SHARES ISSUED
FROM MERGER
M, N AND H TO L OR NET INCREASE (DECREASE)
E OR Z TO Y OF SHARES
------------------------ -------------------------
2007 2006 2007 2006
---------- ----------- ----------- -----------
BALANCED ALLOCATION FUND:
Class A Shares............... -- -- 5,422 13,745
Amount................ $ -- $ -- $ 64,961 $ 158,77
Class B Shares............... -- -- 915 2,458
Amount................ $ -- $ -- $ 10,936 $ 28,305
Class C Shares............... -- -- 2,427 4,830
Amount................ $ -- $ -- $ 29,171 $ 55,648
Class I Shares............... -- -- 66 29
Amount................ $ -- $ -- $ 796 $ 348
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
BALANCED INCOME FUND:
Class A Shares............... -- -- 1,177 1,105
Amount................ $ -- $ -- $ 12,559 $ 11,094
Class B Shares............... -- -- 68 29
Amount................ $ -- $ -- $ 725 $ 293
Class C Shares............... -- -- 119 39
Amount................ $ -- $ -- $ 1,280 $ 387
Class R3 Shares............... -- -- -- --
Amount................ $ -- $ -- $ -- $ --
Class R4 Shares............... -- -- -- --
Amount................ $ -- $ -- $ -- $ --
Class R5 Shares............... -- -- -- --
Amount................ $ -- $ -- $ -- $ --
Class Y Shares............... -- -- -- 10
Amount................ $ -- $ -- $ 2 $ 101
CAPITAL APPRECIATION FUND:
Class A Shares............... -- -- 42,021 68,469
Amount................ $ -- $ -- $1,579,223 $2,499,576
Class B Shares............... -- -- 4,038 3,412
Amount................ $ -- $ -- $ 134,358 $ 104,641
Class C Shares............... -- -- 17,502 27,585
Amount................ $ -- $ -- $ 600,066 $ 931,993
Class I Shares............... -- -- 1,472 131
Amount................ $ -- $ -- $ 56,033 $ 5,082
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 34 $ --
Class R4 Shares............... -- -- -- --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- -- --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- 6,374 3,446
Amount................ $ -- $ -- $ 258,476 $ 133,818
CAPITAL APPRECIATION II FUND:
Class A Shares............... -- -- 13,492 13,226
Amount................ $ -- $ -- $ 186,355 $ 164,838
Class B Shares............... -- -- 1,960 1,671
Amount................ $ -- $ -- $ 26,727 $ 20,583
Class C Shares............... -- -- 7,847 5,749
Amount................ $ -- $ -- $ 107,108 $ 70,917
Class I Shares............... -- -- 2,126 252
Amount................ $ -- $ -- $ 29,791 $ 3,203
</Table>
331
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SHARES ISSUED FOR
SHARES SOLD REINVESTED DIVIDENDS SHARES REDEEMED
------------------------- --------------------- -------------------------
2007 2006 2007 2006 2007 2006
----------- ----------- --------- --------- ---------- ------------
CAPITAL APPRECIATION II FUND:
(CONTINUED)
Class R3 Shares............... 23 -- -- -- (12) --
Amount................ $ 317 $ -- $ -- $ -- $ (171) $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... -- -- -- -- -- (21)
Amount................ $ -- $ -- $ 3 $ 5 $ -- $ (259)
CONSERVATIVE ALLOCATION FUND:
Class A Shares............... 1,689 4,226 371 244 (955) (2,764)
Amount................ $ 18,696 $ 45,809 $ 4,062 $ 2,610 $ (10,582) $ (29,932)
Class B Shares............... 288 781 75 44 (163) (338)
Amount................ $ 3,183 $ 8,456 $ 816 $ 476 $ (1,799) $ (3,670)
Class C Shares............... 1,521 2,288 118 78 (1,340) (1,727)
Amount................ $ 16,752 $ 24,716 $ 1,286 $ 832 $ (14,892) $ (18,742)
Class I Shares............... 315 1 2 -- (1) --
Amount................ $ 3,476 $ 10 $ 23 $ -- $ (11) $ --
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
DISCIPLINED EQUITY FUND:
Class A Shares............... 417 935 99 24 (1,894) (4,408)
Amount................ $ 5,706 $ 11,655 $ 1,346 $ 299 $ (25,839) $ (54,869)
Class B Shares............... 63 149 3 -- (433) (841)
Amount................ $ 815 $ 1,770 $ 38 $ -- $ (5,643) $ (9,997)
Class C Shares............... 38 70 1 -- (324) (737)
Amount................ $ 482 $ 842 $ 17 $ -- $ (4,195) $ (8,780)
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 674 5,783 47 45 (6,520) (70)
Amount................ $ 9,544 $ 73,790 $ 659 $ 573 $ (89,351) $ (884)
DIVIDEND AND GROWTH FUND:
Class A Shares............... 13,503 21,843 8,752 5,992 (7,999) (16,022)
Amount................ $ 284,917 $ 433,830 $178,167 $113,149 $(168,504) $ (316,783)
Class B Shares............... 1,465 2,428 1,151 816 (1,809) (4,214)
Amount................ $ 30,432 $ 47,610 $ 23,005 $ 15,076 $ (37,567) $ (82,135)
Class C Shares............... 1,442 2,192 995 679 (1,212) (2,804)
Amount................ $ 29,890 $ 43,037 $ 19,855 $ 12,532 $ (25,094) $ (54,455)
Class I Shares............... 34 -- -- -- (3) --
Amount................ $ 708 $ 10 $ 5 $ -- $ (74) $ --
Class R3 Shares............... -- -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... -- -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... -- -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 361 1,165 401 327 (1,223) (1,299)
Amount................ $ 7,675 $ 23,005 $ 8,266 $ 6,264 $ (25,911) $ (25,711)
<Caption>
SHARES ISSUED
FROM MERGER
M, N AND H TO L OR NET INCREASE (DECREASE)
E OR Z TO Y OF SHARES
------------------------ -------------------------
2007 2006 2007 2006
---------- ----------- ----------- -----------
CAPITAL APPRECIATION II FUND:
(CONTINUED)
Class R3 Shares............... -- -- 11 --
Amount................ $ -- $ -- $ 146 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- -- (21)
Amount................ $ -- $ -- $ 3 $ (254)
CONSERVATIVE ALLOCATION FUND:
Class A Shares............... -- -- 1,105 1,706
Amount................ $ -- $ -- $ 12,176 $ 18,487
Class B Shares............... -- -- 200 487
Amount................ $ -- $ -- $ 2,200 $ 5,262
Class C Shares............... -- -- 299 639
Amount................ $ -- $ -- $ 3,146 $ 6,806
Class I Shares............... -- -- 316 1
Amount................ $ -- $ -- $ 3,488 $ 10
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
DISCIPLINED EQUITY FUND:
Class A Shares............... -- -- (1,378) (3,449)
Amount................ $ -- $ -- $ (18,787) $ (42,915)
Class B Shares............... -- -- (367) (692)
Amount................ $ -- $ -- $ (4,790) $ (8,227)
Class C Shares............... -- -- (285) (667)
Amount................ $ -- $ -- $ (3,696) $ (7,938)
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- (5,799) 5,758
Amount................ $ -- $ -- $ (79,148) $ 73,479
DIVIDEND AND GROWTH FUND:
Class A Shares............... -- -- 14,256 11,813
Amount................ $ -- $ -- $ 294,580 $ 230,196
Class B Shares............... -- -- 807 (970)
Amount................ $ -- $ -- $ 15,870 $ (19,449)
Class C Shares............... -- -- 1,225 67
Amount................ $ -- $ -- $ 24,651 $ 1,114
Class I Shares............... -- -- 31 --
Amount................ $ -- $ -- $ 639 $ 10
Class R3 Shares............... -- -- -- --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- -- --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- -- --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- (461) 193
Amount................ $ -- $ -- $ (9,970) $ 3,558
</Table>
332
- --------------------------------------------------------------------------------
<Table>
<Caption>
SHARES ISSUED FOR
SHARES SOLD REINVESTED DIVIDENDS SHARES REDEEMED
------------------------- --------------------- -------------------------
2007 2006 2007 2006 2007 2006
----------- ----------- --------- --------- ---------- ------------
EQUITY GROWTH ALLOCATION FUND:
Class A Shares............... 2,203 4,899 342 42 (757) (1,216)
Amount................ $ 29,712 $ 61,480 $ 4,489 $ 510 $ (10,224) $ (15,270)
Class B Shares............... 448 1,044 83 3 (145) (278)
Amount................ $ 6,010 $ 13,071 $ 1,077 $ 36 $ (1,952) $ (3,471)
Class C Shares............... 781 2,047 115 5 (345) (965)
Amount................ $ 10,486 $ 25,510 $ 1,505 $ 55 $ (4,648) $ (11,848)
Class I Shares............... 3 1 -- -- -- --
Amount................ $ 47 $ 10 $ -- $ -- $ -- $ --
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
EQUITY INCOME FUND:
Class A Shares............... 8,062 10,053 1,854 810 (2,126) (4,434)
Amount................ $ 113,221 $ 131,486 $ 25,241 $ 10,337 $ (29,853) $ (57,353)
Class B Shares............... 535 719 132 45 (254) (489)
Amount................ $ 7,492 $ 9,425 $ 1,788 $ 564 $ (3,577) $ (6,321)
Class C Shares............... 606 798 182 66 (357) (886)
Amount................ $ 8,473 $ 10,592 $ 2,466 $ 830 $ (4,993) $ (11,291)
Class I Shares............... 35 8 -- -- (1) --
Amount................ $ 490 $ 106 $ 8 $ -- $ (11) $ --
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 8,329 823 234 5 (214) (354)
Amount................ $ 114,953 $ 10,950 $ 3,231 $ 60 $ (3,057) $ (4,966)
FLOATING RATE FUND:
Class A Shares............... 123,445 176,071 3,711 3,137 (54,220) (47,642)
Amount................ $1,251,985 $1,783,858 $ 37,617 $ 31,686 $(549,796) $ (482,556)
Class B Shares............... 2,319 3,969 83 64 (419) (420)
Amount................ $ 23,498 $ 40,179 $ 844 $ 648 $ (4,250) $ (4,254)
Class C Shares............... 83,650 77,439 2,208 1,490 (9,794) (6,104)
Amount................ $ 847,841 $ 783,956 $ 22,356 $ 15,041 $ (99,265) $ (61,784)
Class I Shares............... 50,834 6,294 631 18 (9,989) (200)
Amount................ $ 515,739 $ 63,716 $ 6,401 $ 184 $(101,392) $ (2,026)
Class R3 Shares............... 3 -- -- -- -- --
Amount................ $ 35 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 2,383 3,878 225 274 (20) (114)
Amount................ $ 24,171 $ 39,234 $ 2,283 $ 2,763 $ (206) $ (1,148)
FUNDAMENTAL GROWTH FUND:
Class A Shares............... 44 275 -- 27 (603) (1,534)
Amount................ $ 510 $ 2,936 $ -- $ 291 $ (7,032) $ (16,258)
Class B Shares............... 15 58 -- -- (162) (348)
Amount................ $ 169 $ 602 $ -- $ -- $ (1,822) $ (3,590)
<Caption>
SHARES ISSUED
FROM MERGER
M, N AND H TO L OR NET INCREASE (DECREASE)
E OR Z TO Y OF SHARES
------------------------ -------------------------
2007 2006 2007 2006
---------- ----------- ----------- -----------
EQUITY GROWTH ALLOCATION FUND:
Class A Shares............... -- -- 1,788 3,725
Amount................ $ -- $ -- $ 23,977 $ 46,720
Class B Shares............... -- -- 386 769
Amount................ $ -- $ -- $ 5,135 $ 9,636
Class C Shares............... -- -- 551 1,087
Amount................ $ -- $ -- $ 7,343 $ 13,717
Class I Shares............... -- -- 3 1
Amount................ $ -- $ -- $ 47 $ 10
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
EQUITY INCOME FUND:
Class A Shares............... -- -- 7,790 6,429
Amount................ $ -- $ -- $ 108,609 $ 84,470
Class B Shares............... -- -- 413 275
Amount................ $ -- $ -- $ 5,703 $ 3,668
Class C Shares............... -- -- 431 (22)
Amount................ $ -- $ -- $ 5,946 $ 131
Class I Shares............... -- -- 34 8
Amount................ $ -- $ -- $ 487 $ 106
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- 8,349 474
Amount................ $ -- $ -- $ 115,127 $ 6,044
FLOATING RATE FUND:
Class A Shares............... -- -- 72,936 131,566
Amount................ $ -- $ -- $ 739,806 $1,332,988
Class B Shares............... -- -- 1,983 3,613
Amount................ $ -- $ -- $ 20,092 $ 36,573
Class C Shares............... -- -- 76,064 72,825
Amount................ $ -- $ -- $ 770,932 $ 737,213
Class I Shares............... -- -- 41,476 6,112
Amount................ $ -- $ -- $ 420,748 $ 61,874
Class R3 Shares............... -- -- 3 --
Amount................ $ -- $ -- $ 35 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- 2,588 4,038
Amount................ $ -- $ -- $ 26,248 $ 40,849
FUNDAMENTAL GROWTH FUND:
Class A Shares............... -- -- (559) (1,232)
Amount................ $ -- $ -- $ (6,522) $ (13,031)
Class B Shares............... -- -- (147) (290)
Amount................ $ -- $ -- $ (1,653) $ (2,988)
</Table>
333
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SHARES ISSUED FOR
SHARES SOLD REINVESTED DIVIDENDS SHARES REDEEMED
------------------------- --------------------- -------------------------
2007 2006 2007 2006 2007 2006
----------- ----------- --------- --------- ---------- ------------
FUNDAMENTAL GROWTH FUND:
(CONTINUED)
Class C Shares............... 51 62 -- -- (229) (521)
Amount................ $ 582 $ 640 $ -- $ -- $ (2,583) $ (5,389)
Class Y Shares............... 6 9 -- -- (20) (11)
Amount................ $ 67 $ 98 $ -- $ 5 $ (240) $ (124)
GLOBAL COMMUNICATIONS FUND:
Class A Shares............... 1,050 1,932 33 33 (722) (2,088)
Amount................ $ 9,190 $ 14,513 $ 280 $ 244 $ (6,359) $ (14,704)
Class B Shares............... 104 234 7 4 (65) (117)
Amount................ $ 877 $ 1,718 $ 55 $ 27 $ (549) $ (838)
Class C Shares............... 222 429 6 3 (80) (150)
Amount................ $ 1,892 $ 3,120 $ 53 $ 19 $ (672) $ (1,076)
Class Y Shares............... 40 61 2 2 (26) (30)
Amount................ $ 350 $ 460 $ 23 $ 12 $ (222) $ (235)
GLOBAL FINANCIAL SERVICES
FUND:
Class A Shares............... 258 469 101 11 (229) (158)
Amount................ $ 3,547 $ 6,307 $ 1,348 $ 134 $ (3,202) $ (2,058)
Class B Shares............... 20 58 17 1 (21) (56)
Amount................ $ 267 $ 737 $ 232 $ 12 $ (289) $ (722)
Class C Shares............... 81 103 19 1 (25) (50)
Amount................ $ 1,087 $ 1,335 $ 254 $ 8 $ (344) $ (632)
Class Y Shares............... 55 9 5 1 (18) (10)
Amount................ $ 762 $ 128 $ 67 $ 10 $ (249) $ (127)
GLOBAL HEALTH FUND:
Class A Shares............... 6,119 10,199 732 762 (2,329) (2,925)
Amount................ $ 108,587 $ 172,479 $ 12,317 $ 12,090 $ (41,189) $ (49,348)
Class B Shares............... 323 675 189 276 (473) (694)
Amount................ $ 5,426 $ 10,885 $ 3,013 $ 4,176 $ (7,911) $ (11,132)
Class C Shares............... 1,456 1,731 214 274 (504) (807)
Amount................ $ 24,584 $ 27,974 $ 3,401 $ 4,150 $ (8,418) $ (12,939)
Class I Shares............... 544 44 2 -- (351) --
Amount................ $ 9,665 $ 784 $ 27 $ -- $ (6,277) $ --
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 22 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 18 114 405 597 (10) (281)
Amount................ $ 333 $ 1,981 $ 7,106 $ 9,803 $ (176) $ (4,950)
GLOBAL LEADERS FUND:
Class A Shares............... 749 1,677 1,100 291 (2,387) (5,356)
Amount................ $ 14,542 $ 31,222 $ 20,508 $ 4,961 $ (46,341) $ (98,431)
Class B Shares............... 94 292 223 57 (596) (1,203)
Amount................ $ 1,716 $ 5,140 $ 3,904 $ 916 $ (10,888) $ (21,020)
Class C Shares............... 90 194 190 50 (414) (1,108)
Amount................ $ 1,637 $ 3,416 $ 3,337 $ 807 $ (7,551) $ (19,418)
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 1,167 3,682 457 81 (840) (164)
Amount................ $ 23,540 $ 70,888 $ 8,887 $ 1,465 $ (16,582) $ (3,181)
<Caption>
SHARES ISSUED
FROM MERGER
M, N AND H TO L OR NET INCREASE (DECREASE)
E OR Z TO Y OF SHARES
------------------------ -------------------------
2007 2006 2007 2006
---------- ----------- ----------- -----------
FUNDAMENTAL GROWTH FUND:
(CONTINUED)
Class C Shares............... -- -- (178) (459)
Amount................ $ -- $ -- $ (2,001) $ (4,749)
Class Y Shares............... -- -- (14) (2)
Amount................ $ -- $ -- $ (173) $ (21)
GLOBAL COMMUNICATIONS FUND:
Class A Shares............... -- -- 361 (123)
Amount................ $ -- $ -- $ 3,111 $ 53
Class B Shares............... -- -- 46 121
Amount................ $ -- $ -- $ 383 $ 907
Class C Shares............... -- -- 148 282
Amount................ $ -- $ -- $ 1,273 $ 2,063
Class Y Shares............... -- -- 16 33
Amount................ $ -- $ -- $ 151 $ 237
GLOBAL FINANCIAL SERVICES
FUND:
Class A Shares............... -- -- 130 322
Amount................ $ -- $ -- $ 1,693 $ 4,383
Class B Shares............... -- -- 16 3
Amount................ $ -- $ -- $ 210 $ 27
Class C Shares............... -- -- 75 54
Amount................ $ -- $ -- $ 997 $ 711
Class Y Shares............... -- -- 42 --
Amount................ $ -- $ -- $ 580 $ 11
GLOBAL HEALTH FUND:
Class A Shares............... -- -- 4,522 8,036
Amount................ $ -- $ -- $ 79,715 $ 135,221
Class B Shares............... -- -- 39 257
Amount................ $ -- $ -- $ 528 $ 3,929
Class C Shares............... -- -- 1,166 1,198
Amount................ $ -- $ -- $ 19,567 $ 19,185
Class I Shares............... -- -- 195 44
Amount................ $ -- $ -- $ 3,415 $ 784
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 22 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- 413 430
Amount................ $ -- $ -- $ 7,263 $ 6,834
GLOBAL LEADERS FUND:
Class A Shares............... -- -- (538) (3,388)
Amount................ $ -- $ -- $ (11,291) $ (62,248)
Class B Shares............... -- -- (279) (854)
Amount................ $ -- $ -- $ (5,268) $ (14,964)
Class C Shares............... -- -- (134) (864)
Amount................ $ -- $ -- $ (2,577) $ (15,195)
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- 784 3,599
Amount................ $ -- $ -- $ 15,845 $ 69,172
</Table>
334
- --------------------------------------------------------------------------------
<Table>
<Caption>
SHARES ISSUED FOR
SHARES SOLD REINVESTED DIVIDENDS SHARES REDEEMED
------------------------- --------------------- -------------------------
2007 2006 2007 2006 2007 2006
----------- ----------- --------- --------- ---------- ------------
GLOBAL TECHNOLOGY FUND:
Class A Shares............... 588 2,377 -- -- (1,034) (2,043)
Amount................ $ 3,484 $ 13,278 $ -- $ -- $ (6,123) $ (11,154)
Class B Shares............... 102 252 -- -- (241) (501)
Amount................ $ 581 $ 1,345 $ -- $ -- $ (1,360) $ (2,596)
Class C Shares............... 217 434 -- -- (240) (545)
Amount................ $ 1,221 $ 2,312 $ -- $ -- $ (1,347) $ (2,821)
Class R3 Shares............... -- -- -- -- -- --
Amount................ $ -- $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... -- -- -- -- -- --
Amount................ $ -- $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... -- -- -- -- -- --
Amount................ $ -- $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 101 73 -- -- (28) (62)
Amount................ $ 612 $ 406 $ -- $ -- $ (168) $ (350)
GROWTH ALLOCATION FUND:
Class A Shares............... 5,727 14,253 1,184 218 (2,615) (3,471)
Amount................ $ 73,315 $ 172,307 $ 14,829 $ 2,574 $ (33,521) $ (41,894)
Class B Shares............... 1,374 3,507 297 33 (552) (838)
Amount................ $ 17,500 $ 42,151 $ 3,694 $ 391 $ (7,026) $ (10,106)
Class C Shares............... 2,283 7,158 452 46 (1,735) (1,736)
Amount................ $ 29,042 $ 86,258 $ 5,620 $ 534 $ (22,011) $ (20,878)
Class I Shares............... 45 1 -- -- (1) --
Amount................ $ 564 $ 10 $ 5 $ -- $ (11) $ --
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
GROWTH FUND:
Class A Shares............... 4,880 14,712 2,347 -- (10,688) (13,049)
Amount................ $ 86,326 $ 266,545 $ 40,196 $ -- $(191,186) $ (236,091)
Class B Shares............... 99 378 216 -- (505) (674)
Amount................ $ 1,520 $ 6,108 $ 3,228 $ -- $ (7,779) $ (10,763)
Class C Shares............... 487 1,376 377 -- (1,172) (1,485)
Amount................ $ 7,502 $ 22,210 $ 5,646 $ -- $ (18,122) $ (23,799)
Class H Shares............... 13 58 79 -- (91) (409)
Amount................ $ 206 $ 941 $ 1,195 $ -- $ (1,416) $ (6,608)
Class I Shares............... 1,257 106 69 -- (103) --
Amount................ $ 22,938 $ 1,972 $ 1,183 $ -- $ (1,823) $ --
Class L Shares............... 226 597 1,038 -- (1,762) (2,787)
Amount................ $ 4,050 $ 10,999 $ 18,026 $ -- $ (31,656) $ (51,150)
Class M Shares............... 20 75 83 -- (88) (337)
Amount................ $ 303 $ 1,232 $ 1,257 $ -- $ (1,381) $ (5,459)
Class N Shares............... 3 12 20 -- (15) (61)
Amount................ $ 49 $ 198 $ 299 $ -- $ (230) $ (997)
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 298 5,741 430 -- (2,819) (1,830)
Amount................ $ 5,436 $ 108,099 $ 7,557 $ -- $ (51,574) $ (33,915)
<Caption>
SHARES ISSUED
FROM MERGER
M, N AND H TO L OR NET INCREASE (DECREASE)
E OR Z TO Y OF SHARES
------------------------ -------------------------
2007 2006 2007 2006
---------- ----------- ----------- -----------
GLOBAL TECHNOLOGY FUND:
Class A Shares............... -- -- (446) 334
Amount................ $ -- $ -- $ (2,639) $ 2,124
Class B Shares............... -- -- (139) (249)
Amount................ $ -- $ -- $ (779) $ (1,251)
Class C Shares............... -- -- (23) (111)
Amount................ $ -- $ -- $ (126) $ (509)
Class R3 Shares............... -- -- -- --
Amount................ $ -- $ -- $ -- $ --
Class R4 Shares............... -- -- -- --
Amount................ $ -- $ -- $ -- $ --
Class R5 Shares............... -- -- -- --
Amount................ $ -- $ -- $ -- $ --
Class Y Shares............... -- -- 73 11
Amount................ $ -- $ -- $ 444 $ 56
GROWTH ALLOCATION FUND:
Class A Shares............... -- -- 4,296 11,000
Amount................ $ -- $ -- $ 54,623 $ 132,987
Class B Shares............... -- -- 1,119 2,702
Amount................ $ -- $ -- $ 14,168 $ 32,436
Class C Shares............... -- -- 1,000 5,468
Amount................ $ -- $ -- $ 12,651 $ 65,914
Class I Shares............... -- -- 44 1
Amount................ $ -- $ -- $ 558 $ 10
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
GROWTH FUND:
Class A Shares............... -- -- (3,461) 1,663
Amount................ $ -- $ -- (64,664) $ 30,454
Class B Shares............... -- -- (190) (296)
Amount................ $ -- $ -- (3,031) $ (4,655)
Class C Shares............... -- -- (308) (109)
Amount................ $ -- $ -- (4,974) $ (1,589)
Class H Shares............... (929) -- (928) (351)
Amount................ $ (30,962) $ -- (30,977) $ (5,667)
Class I Shares............... -- -- 1,223 106
Amount................ $ -- $ -- 22,298 $ 1,972
Class L Shares............... 1,875 -- 1,377 (2,190)
Amount................ $ 65,128 $ -- 55,548 $ (40,151)
Class M Shares............... (987) -- (972) (262)
Amount................ $ (26,545) $ -- (26,366) $ (4,227)
Class N Shares............... (241) -- (233) (49)
Amount................ $ (7,621) $ -- (7,503) $ (799)
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- 10 $ --
Class Y Shares............... -- -- (2,091) 3,911
Amount................ $ -- $ -- (38,581) $ 74,184
</Table>
335
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SHARES ISSUED FOR
SHARES SOLD REINVESTED DIVIDENDS SHARES REDEEMED
------------------------- --------------------- -------------------------
2007 2006 2007 2006 2007 2006
----------- ----------- --------- --------- ---------- ------------
GROWTH OPPORTUNITIES FUND:
Class A Shares............... 3,368 8,579 578 268 (1,663) (2,516)
Amount................ $ 97,573 $ 245,120 $ 15,958 $ 7,160 $ (48,666) $ (71,765)
Class B Shares............... 142 628 115 69 (143) (182)
Amount................ $ 3,515 $ 15,570 $ 2,686 $ 1,609 $ (3,541) $ (4,473)
Class C Shares............... 537 1,341 147 66 (233) (301)
Amount................ $ 13,287 $ 33,215 $ 3,440 $ 1,526 $ (5,730) $ (7,419)
Class H Shares............... 20 79 116 130 (111) (415)
Amount................ $ 490 $ 1,979 $ 2,764 $ 3,053 $ (2,756) $ (10,317)
Class I Shares............... 53 3 -- -- (1) --
Amount................ $ 1,532 $ 73 $ 6 $ -- $ (17) $ --
Class L Shares............... 279 585 1,407 1,435 (1,577) (2,588)
Amount................ $ 8,303 $ 16,889 $ 39,412 $ 38,851 $ (46,677) $ (74,520)
Class M Shares............... 16 59 73 78 (58) (215)
Amount................ $ 403 $ 1,465 $ 1,744 $ 1,817 $ (1,455) $ (5,353)
Class N Shares............... 5 12 18 19 (12) (38)
Amount................ $ 112 $ 303 $ 434 $ 435 $ (278) $ (946)
Class R3 Shares............... 3 -- -- -- -- --
Amount................ $ 81 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... -- -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... -- -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 653 1,470 134 68 (1,154) (87)
Amount................ $ 19,404 $ 43,059 $ 3,797 $ 1,841 $ (34,146) $ (2,512)
Class Z Shares............... 5 20 79 80 (41) (113)
Amount................ $ 140 $ 614 $ 2,327 $ 2,251 $ (1,257) $ (3,413)
HIGH YIELD FUND:
Class A Shares............... 3,385 8,977 730 1,417 (3,501) (10,688)
Amount................ $ 27,463 $ 70,114 $ 5,924 $ 11,061 $ (28,376) $ (83,544)
Class B Shares............... 373 431 106 235 (728) (2,047)
Amount................ $ 3,023 $ 3,366 $ 862 $ 1,833 $ (5,899) $ (15,998)
Class C Shares............... 441 656 101 222 (835) (2,402)
Amount................ $ 3,574 $ 5,119 $ 815 $ 1,733 $ (6,777) $ (18,759)
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 114 660 16 230 (2,693) (1,164)
Amount................ $ 935 $ 5,159 $ 131 $ 1,794 $ (21,508) $ (9,111)
INCOME ALLOCATION FUND:
Class A Shares............... 1,030 1,804 51 93 (355) (1,297)
Amount................ $ 10,259 $ 17,725 $ 506 $ 912 $ (3,532) $ (12,731)
Class B Shares............... 64 240 6 15 (86) (180)
Amount................ $ 632 $ 2,363 $ 66 $ 141 $ (854) $ (1,774)
Class C Shares............... 211 465 10 28 (248) (459)
Amount................ $ 2,100 $ 4,577 $ 98 $ 270 $ (2,458) $ (4,516)
Class I Shares............... 54 1 -- -- -- --
Amount................ $ 540 $ 10 $ 4 $ -- $ (10) $ --
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
<Caption>
SHARES ISSUED
FROM MERGER
M, N AND H TO L OR NET INCREASE (DECREASE)
E OR Z TO Y OF SHARES
------------------------ -------------------------
2007 2006 2007 2006
---------- ----------- ----------- -----------
GROWTH OPPORTUNITIES FUND:
Class A Shares............... -- -- 2,283 6,331
Amount................ $ -- $ -- $ 64,865 $ 180,515
Class B Shares............... -- -- 114 515
Amount................ $ -- $ -- $ 2,660 $ 12,706
Class C Shares............... -- -- 451 1,106
Amount................ $ -- $ -- $ 10,997 $ 27,322
Class H Shares............... (1,339) -- (1,314) (206)
Amount................ $ (56,180) $ -- $ (55,682) $ (5,285)
Class I Shares............... -- -- 52 3
Amount................ $ -- $ -- $ 1,521 $ 73
Class L Shares............... 2,047 -- 2,156 (568)
Amount................ $ 96,854 $ -- $ 97,892 $ (18,780)
Class M Shares............... (858) -- (827) (78)
Amount................ $ (32,158) $ -- $ (31,466) $ (2,071)
Class N Shares............... (219) -- (208) (7)
Amount................ $ (8,516) $ -- $ (8,248) $ (208)
Class R3 Shares............... -- -- 3 --
Amount................ $ -- $ -- $ 81 $ --
Class R4 Shares............... -- -- -- --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- -- --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... 1,238 -- 871 1,451
Amount................ $ 44,879 $ -- $ 33,934 $ 42,388
Class Z Shares............... (1,190) -- (1,147) (13)
Amount................ $ (44,879) $ -- $ (43,669) $ (548)
HIGH YIELD FUND:
Class A Shares............... -- -- 614 (294)
Amount................ $ -- $ -- $ 5,011 $ (2,369)
Class B Shares............... -- -- (249) (1,381)
Amount................ $ -- $ -- $ (2,014) $ (10,799)
Class C Shares............... -- -- (293) (1,524)
Amount................ $ -- $ -- $ (2,388) $ (11,907)
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- (2,563) (274)
Amount................ $ -- $ -- $ (20,442) $ (2,158)
INCOME ALLOCATION FUND:
Class A Shares............... -- -- 726 600
Amount................ $ -- $ -- $ 7,233 $ 5,906
Class B Shares............... -- -- (16) 75
Amount................ $ -- $ -- $ (156) $ 730
Class C Shares............... -- -- (27) 34
Amount................ $ -- $ -- $ (260) $ 331
Class I Shares............... -- -- 54 1
Amount................ $ -- $ -- $ 534 $ 10
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
</Table>
336
- --------------------------------------------------------------------------------
<Table>
<Caption>
SHARES ISSUED FOR
SHARES SOLD REINVESTED DIVIDENDS SHARES REDEEMED
------------------------- --------------------- -------------------------
2007 2006 2007 2006 2007 2006
----------- ----------- --------- --------- ---------- ------------
INCOME FUND:
Class A Shares............... 4,487 1,931 100 140 (480) (1,299)
Amount................ $ 46,607 $ 19,739 $ 1,041 $ 1,426 $ (4,987) $ (13,210)
Class B Shares............... 227 303 13 19 (74) (206)
Amount................ $ 2,354 $ 3,092 $ 134 $ 193 $ (771) $ (2,105)
Class C Shares............... 544 459 15 16 (154) (193)
Amount................ $ 5,673 $ 4,707 $ 159 $ 158 $ (1,602) $ (1,982)
Class Y Shares............... 7,756 4,159 317 158 (218) (43)
Amount................ $ 80,331 $ 42,424 $ 3,290 $ 1,607 $ (2,253) $ (437)
INFLATION PLUS FUND:
Class A Shares............... 870 6,599 125 1,182 (8,270) (19,610)
Amount................ $ 9,069 $ 69,233 $ 1,315 $ 12,325 $ (86,111) $ (205,003)
Class B Shares............... 72 671 38 292 (1,648) (3,298)
Amount................ $ 749 $ 7,065 $ 401 $ 3,041 $ (17,146) $ (34,349)
Class C Shares............... 303 3,716 83 840 (7,143) (15,919)
Amount................ $ 3,154 $ 39,087 $ 869 $ 8,763 $ (74,267) $ (166,129)
Class I Shares............... 19 2 -- -- (1) --
Amount................ $ 202 $ 18 $ -- $ -- $ (10) $ --
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 1,293 4,633 83 544 (4,697) (687)
Amount................ $ 13,463 $ 48,407 $ 881 $ 5,664 $ (48,922) $ (7,186)
INTERNATIONAL CAPITAL
APPRECIATION FUND:
Class A Shares............... 7,322 6,648 1,390 149 (1,741) (3,344)
Amount................ $ 108,255 $ 93,188 $ 19,326 $ 1,845 $ (25,511) $ (45,644)
Class B Shares............... 512 764 221 21 (217) (374)
Amount................ $ 7,231 $ 10,391 $ 2,963 $ 246 $ (3,073) $ (4,998)
Class C Shares............... 598 1,086 279 26 (316) (611)
Amount................ $ 8,460 $ 14,849 $ 3,729 $ 307 $ (4,479) $ (8,171)
Class I Shares............... 12 1 -- -- (3) --
Amount................ $ 189 $ 10 $ 2 $ -- $ (52) $ --
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 150 987 243 117 (4,485) (2,492)
Amount................ $ 2,220 $ 13,640 $ 3,442 $ 1,490 $ (65,785) $ (35,103)
INTERNATIONAL OPPORTUNITIES
FUND:
Class A Shares............... 1,651 4,125 296 27 (899) (2,091)
Amount................ $ 28,002 $ 61,337 $ 4,823 $ 371 $ (15,373) $ (31,257)
Class B Shares............... 214 517 52 -- (241) (532)
Amount................ $ 3,418 $ 7,280 $ 803 $ -- $ (3,863) $ (7,467)
Class C Shares............... 222 322 37 -- (164) (315)
Amount................ $ 3,488 $ 4,529 $ 563 $ -- $ (2,598) $ (4,380)
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 22 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
<Caption>
SHARES ISSUED
FROM MERGER
M, N AND H TO L OR NET INCREASE (DECREASE)
E OR Z TO Y OF SHARES
------------------------ -------------------------
2007 2006 2007 2006
---------- ----------- ----------- -----------
INCOME FUND:
Class A Shares............... -- -- 4,107 772
Amount................ $ -- $ -- $ 42,661 $ 7,955
Class B Shares............... -- -- 166 116
Amount................ $ -- $ -- $ 1,717 $ 1,180
Class C Shares............... -- -- 405 282
Amount................ $ -- $ -- $ 4,230 $ 2,883
Class Y Shares............... -- -- 7,855 4,274
Amount................ $ -- $ -- $ 81,368 $ 43,594
INFLATION PLUS FUND:
Class A Shares............... -- -- (7,275) (11,829)
Amount................ $ -- $ -- $ (75,727) $ (123,445)
Class B Shares............... -- -- (1,538) (2,335)
Amount................ $ -- $ -- $ (15,996) $ (24,243)
Class C Shares............... -- -- (6,757) (11,363)
Amount................ $ -- $ -- $ (70,244) $ (118,279)
Class I Shares............... -- -- 18 2
Amount................ $ -- $ -- $ 192 $ 18
Class R3 Shares............... -- -- 1 --
Amount................ -- -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- (3,321) 4,490
Amount................ $ -- $ -- $ (34,578) $ 46,885
INTERNATIONAL CAPITAL
APPRECIATION FUND:
Class A Shares............... -- -- 6,971 3,453
Amount................ $ -- $ -- $ 102,070 $ 49,389
Class B Shares............... -- -- 516 411
Amount................ $ -- $ -- $ 7,121 $ 5,639
Class C Shares............... -- -- 561 501
Amount................ $ -- $ -- $ 7,710 $ 6,985
Class I Shares............... -- -- 9 1
Amount................ $ -- $ -- $ 139 $ 10
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- (4,092) (1,388)
Amount................ $ -- $ -- $ (60,123) $ (19,973)
INTERNATIONAL OPPORTUNITIES
FUND:
Class A Shares............... -- -- 1,048 2,061
Amount................ $ -- $ -- $ 17,452 $ 30,451
Class B Shares............... -- -- 25 (15)
Amount................ $ -- $ -- $ 358 $ (187)
Class C Shares............... -- -- 95 7
Amount................ $ -- $ -- $ 1,453 $ 149
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 22 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
</Table>
337
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SHARES ISSUED FOR
SHARES SOLD REINVESTED DIVIDENDS SHARES REDEEMED
------------------------- --------------------- -------------------------
2007 2006 2007 2006 2007 2006
----------- ----------- --------- --------- ---------- ------------
INTERNATIONAL OPPORTUNITIES
FUND: (CONTINUED)
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 3,120 2,439 172 9 (306) (223)
Amount................ $ 52,005 $ 35,931 $ 2,916 $ 131 $ (5,484) $ (3,434)
INTERNATIONAL SMALL COMPANY
FUND:
Class A Shares............... 3,133 2,850 613 331 (762) (1,304)
Amount................ $ 48,944 $ 42,844 $ 8,847 $ 4,265 $ (11,783) $ (19,359)
Class B Shares............... 265 425 109 57 (71) (160)
Amount................ $ 4,001 $ 6,207 $ 1,512 $ 717 $ (1,075) $ (2,317)
Class C Shares............... 592 492 162 119 (191) (338)
Amount................ $ 8,917 $ 7,108 $ 2,221 $ 1,465 $ (2,838) $ (4,665)
Class Y Shares............... 2,174 2,826 851 648 (1,416) (2,746)
Amount................ $ 32,870 $ 41,469 $ 12,445 $ 8,435 $ (21,870) $ (42,341)
LARGECAP GROWTH FUND:
Class A Shares............... 958 -- 1 -- (3) --
Amount................ $ 9,586 $ -- $ 12 $ -- $ (29) $ --
Class B Shares............... 30 -- -- -- -- --
Amount................ $ 301 $ -- $ -- $ -- $ (1) $ --
Class C Shares............... 46 -- -- -- (1) --
Amount................ $ 462 $ -- $ -- $ -- $ (9) $ --
Class Y Shares............... 10 -- -- -- -- --
Amount................ $ 100 $ -- $ -- $ -- $ -- $ --
MIDCAP FUND:
Class A Shares............... 4,774 7,134 13,077 11,935 (6,477) (10,197)
Amount................ $ 110,726 $ 176,389 $283,246 $271,649 $(149,936) $ (251,372)
Class B Shares............... 132 203 3,711 3,680 (2,069) (3,372)
Amount................ $ 2,674 $ 4,539 $ 72,995 $ 77,839 $ (43,398) $ (76,825)
Class C Shares............... 200 265 3,958 3,850 (2,178) (2,944)
Amount................ $ 4,022 $ 5,831 $ 78,338 $ 81,756 $ (45,902) $ (67,347)
Class Y Shares............... 444 2,186 1,186 945 (1,581) (1,310)
Amount................ $ 10,902 $ 58,033 $ 27,346 $ 22,565 $ (38,292) $ (34,176)
MIDCAP GROWTH FUND:
Class A Shares............... 341 972 11 -- (13) --
Amount................ $ 4,094 $ 9,727 $ 119 $ -- $ (165) $ --
Class B Shares............... 38 28 -- -- (2) --
Amount................ $ 459 $ 281 $ 3 $ -- $ (26) $ --
Class C Shares............... 99 34 -- -- (3) --
Amount................ $ 1,169 $ 341 $ 4 $ -- $ (34) $ --
Class Y Shares............... -- 10 -- -- -- --
Amount................ $ -- $ 100 $ 1 $ -- $ -- $ --
MIDCAP VALUE FUND:
Class A Shares............... 162 352 3,037 2,207 (1,588) (2,750)
Amount................ $ 2,247 $ 4,807 $ 38,842 $ 27,216 $ (21,893) $ (37,396)
Class B Shares............... 35 69 668 486 (443) (682)
Amount................ $ 458 $ 892 $ 8,114 $ 5,770 $ (5,780) $ (8,913)
Class C Shares............... 36 56 654 490 (360) (765)
Amount................ $ 461 $ 706 $ 7,941 $ 5,822 $ (4,726) $ (10,026)
Class Y Shares............... 31 506 155 307 (2,164) (1,681)
Amount................ $ 445 $ 7,088 $ 2,054 $ 3,881 $ (30,480) $ (23,678)
MONEY MARKET FUND:
Class A Shares............... 156,336 253,489 4,520 7,018 (131,949) (235,223)
Amount................ $ 156,336 $ 253,489 $ 4,520 $ 7,018 $(131,949) $ (235,223)
Class B Shares............... 7,028 20,522 430 825 (10,458) (24,068)
Amount................ $ 7,028 $ 20,522 $ 430 $ 825 $ (10,458) $ (24,068)
<Caption>
SHARES ISSUED
FROM MERGER
M, N AND H TO L OR NET INCREASE (DECREASE)
E OR Z TO Y OF SHARES
------------------------ -------------------------
2007 2006 2007 2006
---------- ----------- ----------- -----------
INTERNATIONAL OPPORTUNITIES
FUND: (CONTINUED)
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- 2,986 2,225
Amount................ $ -- $ -- $ 49,437 $ 32,628
INTERNATIONAL SMALL COMPANY
FUND:
Class A Shares............... -- -- 2,984 1,877
Amount................ $ -- $ -- $ 46,008 $ 27,750
Class B Shares............... -- -- 303 322
Amount................ $ -- $ -- $ 4,438 $ 4,607
Class C Shares............... -- -- 563 273
Amount................ $ -- $ -- $ 8,300 $ 3,908
Class Y Shares............... -- -- 1,609 728
Amount................ $ -- $ -- $ 23,445 $ 7,563
LARGECAP GROWTH FUND:
Class A Shares............... -- -- 956 --
Amount................ $ -- $ -- $ 9,569 $ --
Class B Shares............... -- -- 30 --
Amount................ $ -- $ -- $ 300 $ --
Class C Shares............... -- -- 45 --
Amount................ $ -- $ -- $ 453 $ --
Class Y Shares............... -- -- 10 --
Amount................ $ -- $ -- $ 100 $ --
MIDCAP FUND:
Class A Shares............... -- -- 11,374 8,872
Amount................ $ -- $ -- $ 244,036 $ 196,666
Class B Shares............... -- -- 1,774 511
Amount................ $ -- $ -- $ 32,271 $ 5,553
Class C Shares............... -- -- 1,980 1,171
Amount................ $ -- $ -- $ 36,458 $ 20,240
Class Y Shares............... -- -- 49 1,821
Amount................ $ -- $ -- $ (44) $ 46,422
MIDCAP GROWTH FUND:
Class A Shares............... -- -- 339 972
Amount................ $ -- $ -- $ 4,048 $ 9,727
Class B Shares............... -- -- 36 28
Amount................ $ -- $ -- $ 436 $ 281
Class C Shares............... -- -- 96 34
Amount................ $ -- $ -- $ 1,139 $ 341
Class Y Shares............... -- -- -- 10
Amount................ $ -- $ -- $ 1 $ 100
MIDCAP VALUE FUND:
Class A Shares............... -- -- 1,611 (191)
Amount................ $ -- $ -- $ 19,196 $ (5,373)
Class B Shares............... -- -- 260 (127)
Amount................ $ -- $ -- $ 2,792 $ (2,251)
Class C Shares............... -- -- 330 (219)
Amount................ $ -- $ -- $ 3,676 $ (3,498)
Class Y Shares............... -- -- (1,978) (868)
Amount................ $ -- $ -- $ (27,981) $ (12,709)
MONEY MARKET FUND:
Class A Shares............... -- -- 28,907 25,284
Amount................ $ -- $ -- $ 28,907 $ 25,284
Class B Shares............... -- -- (3,000) (2,721)
Amount................ $ -- $ -- $ (3,000) $ (2,721)
</Table>
338
- --------------------------------------------------------------------------------
<Table>
<Caption>
SHARES ISSUED FOR
SHARES SOLD REINVESTED DIVIDENDS SHARES REDEEMED
------------------------- --------------------- -------------------------
2007 2006 2007 2006 2007 2006
----------- ----------- --------- --------- ---------- ------------
MONEY MARKET FUND: (CONTINUED)
Class C Shares............... 9,387 23,248 268 506 (11,338) (25,547)
Amount................ $ 9,387 $ 23,248 $ 268 $ 506 $ (11,338) $ (25,547)
Class R3 Shares............... 10 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 10 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 10 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 1,689 5,073 85 680 (10,816) (8,239)
Amount................ $ 1,689 $ 5,073 $ 85 $ 680 $ (10,816) $ (8,239)
RETIREMENT INCOME FUND:
Class A Shares............... 62 42 1 1 (3) (4)
Amount................ $ 600 $ 400 $ 11 $ 10 $ (25) $ (40)
Class B Shares............... 3 18 -- -- -- (1)
Amount................ $ 25 $ 168 $ 3 $ 2 $ (2) $ (9)
Class C Shares............... 8 17 -- -- (7) (1)
Amount................ $ 84 $ 151 $ 3 $ 2 $ (71) $ (5)
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... -- 11 -- -- -- --
Amount................ $ -- $ 100 $ 2 $ 3 $ -- $ --
SELECT MIDCAP GROWTH FUND:
Class A Shares............... 258 951 89 14 (831) (356)
Amount................ $ 2,989 $ 10,472 $ 977 $ 148 $ (9,543) $ (3,864)
Class B Shares............... 43 176 14 2 (56) (77)
Amount................ $ 500 $ 1,938 $ 150 $ 22 $ (638) $ (831)
Class C Shares............... 60 246 14 2 (57) (74)
Amount................ $ 686 $ 2,724 $ 153 $ 17 $ (651) $ (766)
Class Y Shares............... -- 2,650 55 -- (2,587) (130)
Amount................ $ 2 $ 29,596 $ 616 $ 2 $ (29,285) $ (1,447)
SELECT MIDCAP VALUE FUND:
Class A Shares............... 935 2,104 158 48 (1,776) (367)
Amount................ $ 11,955 $ 24,175 $ 1,910 $ 520 $ (22,168) $ (4,268)
Class B Shares............... 86 203 14 4 (87) (29)
Amount................ $ 1,097 $ 2,312 $ 167 $ 39 $ (1,083) $ (335)
Class C Shares............... 150 398 25 7 (102) (69)
Amount................ $ 1,897 $ 4,556 $ 293 $ 70 $ (1,260) $ (798)
Class Y Shares............... 145 1,564 42 1 (1,446) --
Amount................ $ 1,779 $ 18,010 $ 503 $ 15 $ (17,751) $ (29)
SELECT SMALLCAP VALUE FUND:
Class A Shares............... 83 1,449 3 -- (2) --
Amount................ $ 971 $ 14,491 $ 30 $ -- $ (21) $ --
Class B Shares............... 9 28 -- -- (1) --
Amount................ $ 100 $ 283 $ 1 $ -- $ (6) $ --
Class C Shares............... 11 26 -- -- -- --
Amount................ $ 135 $ 256 $ 1 $ -- $ (3) $ --
Class Y Shares............... 7,216 140 31 -- (135) --
Amount................ $ 79,365 $ 1,496 $ 342 $ -- $ (1,578) $ --
<Caption>
SHARES ISSUED
FROM MERGER
M, N AND H TO L OR NET INCREASE (DECREASE)
E OR Z TO Y OF SHARES
------------------------ -------------------------
2007 2006 2007 2006
---------- ----------- ----------- -----------
MONEY MARKET FUND: (CONTINUED)
Class C Shares............... -- -- (1,683) (1,793)
Amount................ $ -- $ -- $ (1,683) $ (1,793)
Class R3 Shares............... -- -- 10 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 10 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 10 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- (9,042) (2,486)
Amount................ $ -- $ -- $ (9,042) $ (2,486)
RETIREMENT INCOME FUND:
Class A Shares............... -- -- 60 39
Amount................ $ -- $ -- $ 586 $ 370
Class B Shares............... -- -- 3 17
Amount................ $ -- $ -- $ 26 $ 161
Class C Shares............... -- -- 1 16
Amount................ $ -- $ -- $ 16 $ 148
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- -- 11
Amount................ $ -- $ -- $ 2 $ 103
SELECT MIDCAP GROWTH FUND:
Class A Shares............... -- -- (484) 609
Amount................ $ -- $ -- $ (5,577) $ 6,756
Class B Shares............... -- -- 1 101
Amount................ $ -- $ -- $ 12 $ 1,129
Class C Shares............... -- -- 17 174
Amount................ $ -- $ -- $ 188 $ 1,975
Class Y Shares............... -- -- (2,532) 2,520
Amount................ $ -- $ -- $ (28,667) $ 28,151
SELECT MIDCAP VALUE FUND:
Class A Shares............... -- -- (683) 1,785
Amount................ $ -- $ -- $ (8,303) $ 20,427
Class B Shares............... -- -- 13 178
Amount................ $ -- $ -- $ 181 $ 2,016
Class C Shares............... -- -- 73 336
Amount................ $ -- $ -- $ 930 $ 3,828
Class Y Shares............... -- -- (1,259) 1,565
Amount................ $ -- $ -- $ (15,469) $ 17,996
SELECT SMALLCAP VALUE FUND:
Class A Shares............... -- -- 84 1,449
Amount................ $ -- $ -- $ 980 $ 14,491
Class B Shares............... -- -- 8 28
Amount................ $ -- $ -- $ 95 $ 283
Class C Shares............... -- -- 11 26
Amount................ $ -- $ -- $ 133 $ 256
Class Y Shares............... -- -- 7,112 140
Amount................ $ -- $ -- $ 78,129 $ 1,496
</Table>
339
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SHARES ISSUED FOR
SHARES SOLD REINVESTED DIVIDENDS SHARES REDEEMED
------------------------- --------------------- -------------------------
2007 2006 2007 2006 2007 2006
----------- ----------- --------- --------- ---------- ------------
SHORT DURATION FUND:
Class A Shares............... 672 1,123 48 79 (718) (1,466)
Amount................ $ 6,664 $ 11,072 $ 473 $ 775 $ (7,109) $ (14,451)
Class B Shares............... 60 164 10 18 (140) (394)
Amount................ $ 593 $ 1,617 $ 100 $ 180 $ (1,389) $ (3,886)
Class C Shares............... 62 330 19 40 (290) (1,249)
Amount................ $ 617 $ 3,262 $ 187 $ 392 $ (2,877) $ (12,309)
Class Y Shares............... 5,048 4,024 340 323 (972) (2,384)
Amount................ $ 49,893 $ 39,655 $ 3,359 $ 3,180 $ (9,617) $ (23,454)
SMALL COMPANY FUND:
Class A Shares............... 2,268 1,637 808 -- (1,326) (1,269)
Amount................ $ 48,666 $ 34,295 $ 16,243 $ -- $ (28,030) $ (26,637)
Class B Shares............... 130 108 251 -- (377) (797)
Amount................ $ 2,552 $ 2,089 $ 4,640 $ -- $ (7,388) $ (15,616)
Class C Shares............... 351 289 223 -- (237) (489)
Amount................ $ 6,911 $ 5,563 $ 4,116 $ -- $ (4,657) $ (9,564)
Class I Shares............... 41 3 -- -- (1) --
Amount................ $ 887 $ 69 $ 8 $ -- $ (49) $ --
Class R3 Shares............... 2 -- -- -- -- --
Amount................ $ 46 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... -- -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... -- -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 2,528 2,771 395 -- (1,085) (223)
Amount................ $ 56,539 $ 61,859 $ 8,399 $ -- $ (23,952) $ (4,791)
SMALLCAP GROWTH FUND:
Class A Shares............... 1,830 5,972 -- -- (985) (1,014)
Amount................ $ 59,171 $ 182,337 $ -- $ -- $ (31,933) $ (30,462)
Class B Shares............... 30 195 -- -- (75) (151)
Amount................ $ 908 $ 5,420 $ -- $ -- $ (2,194) $ (4,076)
Class C Shares............... 134 464 -- -- (125) (220)
Amount................ $ 3,855 $ 12,901 $ -- $ -- $ (3,603) $ (5,949)
Class H Shares............... 7 31 -- -- (41) (143)
Amount................ $ 203 $ 869 $ -- $ -- $ (1,174) $ (3,910)
Class I Shares............... 78 8 -- -- (5) --
Amount................ $ 2,546 $ 235 $ -- $ -- $ (159) $ --
Class L Shares............... 75 216 -- -- (462) (650)
Amount................ $ 2,431 $ 6,572 $ -- $ -- $ (15,090) $ (19,895)
Class M Shares............... 8 34 -- -- (36) (124)
Amount................ $ 245 $ 959 $ -- $ -- $ (1,028) $ (3,432)
Class N Shares............... 4 13 -- -- (18) (38)
Amount................ $ 108 $ 334 $ -- $ -- $ (513) $ (1,038)
Class R3 Shares............... -- -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... -- -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... -- -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 110 1,728 -- -- (3,034) (297)
Amount................ $ 3,582 $ 54,996 $ -- $ -- $ (97,128) $ (9,108)
STOCK FUND:
Class A Shares............... 1,705 3,612 138 77 (4,315) (10,693)
Amount................ $ 37,588 $ 71,142 $ 3,020 $ 1,495 $ (94,804) $ (210,028)
Class B Shares............... 155 402 -- -- (2,267) (5,142)
Amount................ $ 3,190 $ 7,405 $ -- $ -- $ (46,588) $ (94,598)
<Caption>
SHARES ISSUED
FROM MERGER
M, N AND H TO L OR NET INCREASE (DECREASE)
E OR Z TO Y OF SHARES
------------------------ -------------------------
2007 2006 2007 2006
---------- ----------- ----------- -----------
SHORT DURATION FUND:
Class A Shares............... -- -- 2 (264)
Amount................ $ -- $ -- $ 28 $ (2,604)
Class B Shares............... -- -- (70) (212)
Amount................ $ -- $ -- $ (696) $ (2,089)
Class C Shares............... -- -- (209) (879)
Amount................ $ -- $ -- $ (2,073) $ (8,655)
Class Y Shares............... -- -- 4,416 1,963
Amount................ $ -- $ -- $ 43,635 $ 19,381
SMALL COMPANY FUND:
Class A Shares............... -- -- 1,750 368
Amount................ $ -- $ -- $ 36,879 $ 7,658
Class B Shares............... -- -- 4 (689)
Amount................ $ -- $ -- $ (196) $ (13,527)
Class C Shares............... -- -- 337 (200)
Amount................ $ -- $ -- $ 6,370 $ (4,001)
Class I Shares............... -- -- 40 3
Amount................ $ -- $ -- $ 846 $ 69
Class R3 Shares............... -- -- 2 --
Amount................ $ -- $ -- $ 46 $ --
Class R4 Shares............... -- -- -- --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- -- --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- 1,838 2,548
Amount................ $ -- $ -- $ 40,986 $ 57,068
SMALLCAP GROWTH FUND:
Class A Shares............... -- -- 845 4,958
Amount................ $ -- $ -- $ 27,238 $ 151,875
Class B Shares............... -- -- (45) 44
Amount................ $ -- $ -- $ (1,286) $ 1,344
Class C Shares............... -- -- 9 244
Amount................ $ -- $ -- $ 252 $ 6,952
Class H Shares............... (448) -- (482) (112)
Amount................ $ (24,087) $ -- $ (25,058) $ (3,041)
Class I Shares............... -- -- 73 8
Amount................ $ -- $ -- $ 2,387 $ 235
Class L Shares............... 1,010 -- 623 (434)
Amount................ $ 59,181 $ -- $ 46,522 $ (13,323)
Class M Shares............... (485) -- (513) (90)
Amount................ $ (25,120) $ -- $ (25,903) $ (2,473)
Class N Shares............... (193) -- (207) (25)
Amount................ $ (9,974) $ -- $ (10,379) $ (704)
Class R3 Shares............... -- -- -- --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- -- --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- -- --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- (2,924) 1,431
Amount................ $ -- $ -- $ (93,546) $ 45,888
STOCK FUND:
Class A Shares............... -- -- (2,472) (7,004)
Amount................ $ -- $ -- $ (54,196) $ (137,391)
Class B Shares............... -- -- (2,112) (4,740)
Amount................ $ -- $ -- $ (43,398) $ (87,193)
</Table>
340
- --------------------------------------------------------------------------------
<Table>
<Caption>
SHARES ISSUED FOR
SHARES SOLD REINVESTED DIVIDENDS SHARES REDEEMED
------------------------- --------------------- -------------------------
2007 2006 2007 2006 2007 2006
----------- ----------- --------- --------- ---------- ------------
STOCK FUND: (CONTINUED)
Class C Shares............... 123 294 -- -- (1,083) (2,633)
Amount................ $ 2,524 $ 5,460 $ -- $ -- $ (22,358) $ (48,766)
Class R3 Shares............... -- -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 2 -- -- -- -- --
Amount................ $ 40 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... -- -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 326 823 45 38 (884) (467)
Amount................ $ 7,422 $ 16,857 $ 1,030 $ 772 $ (19,651) $ (9,646)
TARGET RETIREMENT 2010 FUND:
Class A Shares............... 500 165 4 2 (42) --
Amount................ $ 4,970 $ 1,556 $ 40 $ 16 $ (416) $ --
Class B Shares............... 21 22 -- -- -- --
Amount................ $ 204 $ 211 $ 4 $ 3 $ (1) $ (1)
Class C Shares............... 5 48 1 -- (1) --
Amount................ $ 54 $ 460 $ 6 $ 2 $ (12) $ --
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... -- 13 -- -- -- --
Amount................ $ -- $ 120 $ 2 $ 2 $ -- $ --
TARGET RETIREMENT 2020 FUND:
Class A Shares............... 747 202 6 2 (40) (15)
Amount................ $ 8,058 $ 2,052 $ 64 $ 15 $ (430) $ (148)
Class B Shares............... 28 27 -- -- (14) --
Amount................ $ 298 $ 271 $ 3 $ 1 $ (147) $ (2)
Class C Shares............... 13 34 1 -- (1) (3)
Amount................ $ 133 $ 339 $ 6 $ 1 $ (7) $ (27)
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... -- -- -- -- -- --
Amount................ $ -- $ -- $ -- $ -- $ -- $ --
TARGET RETIREMENT 2030 FUND:
Class A Shares............... 689 201 4 -- (59) (4)
Amount................ $ 6,691 $ 1,815 $ 41 $ 2 $ (583) $ (33)
Class B Shares............... 14 33 -- -- (12) (1)
Amount................ $ 139 $ 294 $ 3 $ 2 $ (114) $ (13)
Class C Shares............... 22 8 -- -- (4) --
Amount................ $ 211 $ 68 $ 2 $ 1 $ (35) $ --
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... -- 2 -- -- -- --
Amount................ $ -- $ 20 $ -- $ 1 $ -- $ --
<Caption>
SHARES ISSUED
FROM MERGER
M, N AND H TO L OR NET INCREASE (DECREASE)
E OR Z TO Y OF SHARES
------------------------ -------------------------
2007 2006 2007 2006
---------- ----------- ----------- -----------
STOCK FUND: (CONTINUED)
Class C Shares............... -- -- (960) (2,339)
Amount................ $ -- $ -- $ (19,834) $ (43,306)
Class R3 Shares............... -- -- -- --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 2 --
Amount................ $ -- $ -- $ 40 $ --
Class R5 Shares............... -- -- -- --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- (513) 394
Amount................ $ -- $ -- $ (11,199) $ 7,983
TARGET RETIREMENT 2010 FUND:
Class A Shares............... -- -- 462 167
Amount................ $ -- $ -- $ 4,594 $ 1,572
Class B Shares............... -- -- 21 22
Amount................ $ -- $ -- $ 207 $ 213
Class C Shares............... -- -- 5 48
Amount................ $ -- $ -- $ 48 $ 462
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- -- 13
Amount................ $ -- $ -- $ 2 $ 122
TARGET RETIREMENT 2020 FUND:
Class A Shares............... -- -- 713 189
Amount................ $ -- $ -- $ 7,692 $ 1,919
Class B Shares............... -- -- 14 27
Amount................ $ -- $ -- $ 154 $ 270
Class C Shares............... -- -- 13 31
Amount................ $ -- $ -- $ 132 $ 313
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- -- --
Amount................ $ -- $ -- $ -- $ --
TARGET RETIREMENT 2030 FUND:
Class A Shares............... -- -- 634 197
Amount................ $ -- $ -- $ 6,149 $ 1,784
Class B Shares............... -- -- 2 32
Amount................ $ -- $ -- $ 28 $ 283
Class C Shares............... -- -- 18 8
Amount................ $ -- $ -- $ 178 $ 69
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- -- 2
Amount................ $ -- $ -- $ -- $ 21
</Table>
341
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SHARES ISSUED FOR
SHARES SOLD REINVESTED DIVIDENDS SHARES REDEEMED
------------------------- --------------------- -------------------------
2007 2006 2007 2006 2007 2006
----------- ----------- --------- --------- ---------- ------------
TAX-FREE CALIFORNIA FUND:
Class A Shares............... 705 904 42 62 (434) (128)
Amount................ $ 7,440 $ 9,421 $ 445 $ 642 $ (4,562) $ (1,327)
Class B Shares............... 34 44 2 2 (1) (24)
Amount................ $ 355 $ 456 $ 18 $ 27 $ (4) $ (251)
Class C Shares............... 149 175 4 6 (53) (44)
Amount................ $ 1,575 $ 1,828 $ 38 $ 60 $ (558) $ (452)
TAX-FREE MINNESOTA FUND:
Class A Shares............... 294 165 17 21 (69) (67)
Amount................ $ 3,003 $ 1,689 $ 174 $ 221 $ (708) $ (684)
Class B Shares............... 5 6 1 2 (7) (10)
Amount................ $ 54 $ 59 $ 13 $ 22 $ (74) $ (100)
Class C Shares............... 32 4 1 1 (5) (6)
Amount................ $ 332 $ 44 $ 10 $ 13 $ (48) $ (68)
Class E Shares............... 10 23 29 75 (58) (314)
Amount................ $ 106 $ 236 $ 302 $ 770 $ (598) $ (3,219)
Class H Shares............... -- -- -- -- -- --
Amount................ $ -- -- $ 2 $ 4 $ (1) $ (5)
Class L Shares............... 54 2 6 9 (23) (38)
Amount................ $ 550 $ 23 $ 59 $ 90 $ (240) $ (386)
Class M Shares............... -- 1 -- 1 -- (2)
Amount................ $ -- $ 4 $ 2 $ 4 $ -- $ (16)
Class N Shares............... -- 3 -- 1 (5) (4)
Amount................ $ 2 $ 28 $ 2 $ 5 $ (49) $ (37)
Class Y Shares............... 3 -- 16 -- (49) --
Amount................ $ 30 $ -- $ 159 $ -- $ (502) $ --
TAX-FREE NATIONAL FUND:
Class A Shares............... 3,001 3,023 130 195 (428) (1,027)
Amount................ $ 33,880 $ 33,711 $ 1,469 $ 2,163 $ (4,832) $ (11,431)
Class B Shares............... 112 145 10 20 (40) (189)
Amount................ $ 1,261 $ 1,607 $ 111 $ 216 $ (449) $ (2,090)
Class C Shares............... 775 562 18 26 (140) (213)
Amount................ $ 8,711 $ 6,249 $ 207 $ 285 $ (1,573) $ (2,371)
Class E Shares............... 11 49 24 89 (73) (368)
Amount................ $ 121 $ 549 $ 272 $ 993 $ (824) $ (4,112)
Class H Shares............... 5 -- -- 1 (7) (10)
Amount................ $ 51 1 $ 1 $ 7 $ (76) $ (111)
Class L Shares............... 34 34 12 26 (46) (104)
Amount................ $ 408 $ 381 $ 136 $ 284 $ (529) $ (1,157)
Class M Shares............... -- -- 1 3 (30) (9)
Amount................ $ 1 $ 2 $ 8 $ 35 $ (337) $ (97)
Class N Shares............... -- -- -- 1 1 (13)
Amount................ $ -- 5 $ 4 $ 16 $ -- $ (148)
Class Y Shares............... 11 -- 15 -- (79) --
Amount................ $ 118 $ -- $ 168 1 $ (880) $ --
TAX-FREE NEW YORK FUND:
Class A Shares............... 34 17 26 42 (13) (82)
Amount................ $ 356 $ 172 $ 269 $ 431 $ (131) $ (846)
Class B Shares............... 10 4 3 5 (9) (11)
Amount................ $ 104 $ 39 $ 35 $ 52 $ (88) $ (113)
Class C Shares............... 22 1 5 7 (1) (31)
Amount................ $ 229 $ 8 $ 50 $ 72 $ (8) $ (317)
TOTAL RETURN BOND FUND:
Class A Shares............... 12,194 18,327 973 1,485 (4,403) (8,299)
Amount................ $ 129,678 $ 192,225 $ 10,342 $ 15,562 $ (46,807) $ (87,044)
Class B Shares............... 1,198 1,870 131 254 (1,030) (2,249)
Amount................ $ 12,677 $ 19,502 $ 1,388 $ 2,646 $ (10,903) $ (23,467)
<Caption>
SHARES ISSUED
FROM MERGER
M, N AND H TO L OR NET INCREASE (DECREASE)
E OR Z TO Y OF SHARES
------------------------ -------------------------
2007 2006 2007 2006
---------- ----------- ----------- -----------
TAX-FREE CALIFORNIA FUND:
Class A Shares............... -- -- 313 838
Amount................ $ -- $ -- $ 3,323 $ 8,736
Class B Shares............... -- -- 35 22
Amount................ $ -- $ -- $ 369 $ 232
Class C Shares............... -- -- 100 137
Amount................ $ -- $ -- $ 1,055 $ 1,436
TAX-FREE MINNESOTA FUND:
Class A Shares............... -- -- 242 119
Amount................ -- $ -- $ 2,469 $ 1,226
Class B Shares............... -- -- (1) (2)
Amount................ -- $ -- $ (7) $ (19)
Class C Shares............... -- -- 28 (1)
Amount................ -- $ -- $ 294 $ (11)
Class E Shares............... (2,273) -- (2,292) (216)
Amount................ $ (21,805) $ -- $ (21,995) $ (2,213)
Class H Shares............... (11) -- (11) --
Amount................ $ (126) $ -- $ (125) $ (1)
Class L Shares............... 37 -- 74 (27)
Amount................ $ 384 $ -- $ 753 $ (273)
Class M Shares............... (12) -- (12) --
Amount................ $ (108) $ -- $ (106) $ (8)
Class N Shares............... (14) -- (19) --
Amount................ $ (150) $ -- $ (195) $ (4)
Class Y Shares............... 2,286 -- 2,256 --
Amount................ $ 21,805 $ -- $ 21,492 $ --
TAX-FREE NATIONAL FUND:
Class A Shares............... -- -- 2,703 2,191
Amount................ $ -- $ -- $ 30,517 $ 24,443
Class B Shares............... -- -- 82 (24)
Amount................ $ -- $ -- $ 923 $ (267)
Class C Shares............... -- -- 653 375
Amount................ $ -- $ -- $ 7,345 $ 4,163
Class E Shares............... (2,519) -- (2,557) (230)
Amount................ $ (23,218) $ -- $ (23,649) $ (2,570)
Class H Shares............... (15) -- (17) (9)
Amount................ $ (150) $ -- $ (174) $ (103)
Class L Shares............... 131 -- 131 (44)
Amount................ $ 1,415 $ -- $ 1,430 $ (492)
Class M Shares............... (82) -- (111) (6)
Amount................ $ (888) $ -- $ (1,216) $ (60)
Class N Shares............... (34) -- (33) (12)
Amount................ $ (377) $ -- $ (373) $ (127)
Class Y Shares............... 2,521 -- 2,468 --
Amount................ $ 23,218 $ -- $ 22,624 $ 1
TAX-FREE NEW YORK FUND:
Class A Shares............... -- -- 47 (23)
Amount................ $ -- $ -- $ 494 $ (243)
Class B Shares............... -- -- 4 (2)
Amount................ $ -- $ -- $ 51 $ (22)
Class C Shares............... -- -- 26 (23)
Amount................ $ -- $ -- $ 271 $ (237)
TOTAL RETURN BOND FUND:
Class A Shares............... -- -- 8,764 11,513
Amount................ $ -- $ -- $ 93,213 $ 120,743
Class B Shares............... -- -- 299 (125)
Amount................ $ -- $ -- $ 3,162 $ (1,319)
</Table>
342
- --------------------------------------------------------------------------------
<Table>
<Caption>
SHARES ISSUED FOR
SHARES SOLD REINVESTED DIVIDENDS SHARES REDEEMED
------------------------- --------------------- -------------------------
2007 2006 2007 2006 2007 2006
----------- ----------- --------- --------- ---------- ------------
TOTAL RETURN BOND FUND:
(CONTINUED)
Class C Shares............... 1,363 2,136 114 222 (1,033) (2,233)
Amount................ $ 14,520 $ 22,448 $ 1,214 $ 2,326 $ (11,007) $ (23,447)
Class I Shares............... 169 4 2 -- (1) --
Amount................ $ 1,797 $ 38 $ 24 $ -- $ (12) $ --
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 5,200 8,685 685 1,147 (1,944) (734)
Amount................ $ 55,847 $ 92,401 $ 7,359 $ 12,137 $ (20,823) $ (7,756)
U.S. GOVERNMENT SECURITIES
FUND:
Class A Shares............... 1,247 1,370 103 201 (1,265) (1,674)
Amount................ $ 11,517 $ 12,608 $ 954 $ 1,845 $ (11,665) $ (15,426)
Class B Shares............... 99 248 30 69 (313) (758)
Amount................ $ 912 $ 2,261 $ 271 $ 635 $ (2,871) $ (6,954)
Class C Shares............... 137 391 15 32 (236) (406)
Amount................ $ 1,253 $ 3,580 $ 146 $ 293 $ (2,167) $ (3,721)
Class E Shares............... 80 98 89 396 (468) (2,109)
Amount................ $ 731 $ 903 $ 814 $ 3,626 $ (4,297) $ (19,389)
Class H Shares............... 1 5 2 9 (23) (99)
Amount................ $ 7 $ 49 $ 15 $ 84 $ (214) $ (906)
Class L Shares............... 48 122 67 136 (294) (674)
Amount................ $ 437 $ 1,128 $ 619 $ 1,246 $ (2,707) $ (6,198)
Class M Shares............... 6 18 1 9 (28) (95)
Amount................ $ 51 $ 154 $ 17 $ 87 $ (260) $ (871)
Class N Shares............... 1 3 -- 3 (2) (22)
Amount................ $ 6 $ 27 $ 6 $ 29 $ (17) $ (205)
Class Y Shares............... 27 11 76 13 (409) (1,005)
Amount................ $ 243 $ 100 $ 703 $ 117 $ (3,749) $ (9,347)
VALUE FUND:
Class A Shares............... 570 1,313 395 41 (568) (1,075)
Amount................ $ 7,247 $ 15,756 $ 4,789 $ 458 $ (7,240) $ (12,873)
Class B Shares............... 93 168 60 -- (89) (177)
Amount................ $ 1,157 $ 1,990 $ 719 $ -- $ (1,118) $ (2,065)
Class C Shares............... 123 199 64 -- (130) (144)
Amount................ $ 1,547 $ 2,382 $ 760 $ -- $ (1,615) $ (1,687)
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 14,604 2,346 884 70 (192) (2,417)
Amount................ $ 182,447 $ 28,384 $ 10,741 $ 780 $ (2,421) $ (27,945)
<Caption>
SHARES ISSUED
FROM MERGER
M, N AND H TO L OR NET INCREASE (DECREASE)
E OR Z TO Y OF SHARES
------------------------ -------------------------
2007 2006 2007 2006
---------- ----------- ----------- -----------
TOTAL RETURN BOND FUND:
(CONTINUED)
Class C Shares............... -- -- 444 125
Amount................ $ -- $ -- $ 4,727 $ 1,327
Class I Shares............... -- -- 170 4
Amount................ $ -- $ -- $ 1,809 $ 38
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- 3,941 9,098
Amount................ $ -- $ -- $ 42,383 $ 96,782
U.S. GOVERNMENT SECURITIES
FUND:
Class A Shares............... -- -- 85 (103)
Amount................ $ -- $ -- $ 806 $ (973)
Class B Shares............... -- -- (184) (441)
Amount................ $ -- $ -- $ (1,688) $ (4,058)
Class C Shares............... -- -- (84) 17
Amount................ $ -- $ -- $ (768) $ 152
Class E Shares............... (9,418) -- (9,717) (1,615)
Amount................ $(114,541) $ -- $ (117,293) $ (14,860)
Class H Shares............... (189) -- (209) (85)
Amount................ $ (125) $ -- $ (317) $ (773)
Class L Shares............... 469 -- 290 (416)
Amount................ $ 1,569 $ -- $ (82) $ (3,824)
Class M Shares............... (208) -- (229) (68)
Amount................ $ (971) $ -- $ (1,163) $ (630)
Class N Shares............... (74) -- (75) (16)
Amount................ $ (473) $ -- $ (478) $ (149)
Class Y Shares............... 9,390 -- 9,084 (981)
Amount................ $ 114,541 $ -- $ 111,738 $ (9,130)
VALUE FUND:
Class A Shares............... -- -- 397 279
Amount................ $ -- $ -- $ 4,796 $ 3,341
Class B Shares............... -- -- 64 (9)
Amount................ $ -- $ -- $ 758 $ (75)
Class C Shares............... -- -- 57 55
Amount................ $ -- $ -- $ 692 $ 695
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- 15,296 (1)
Amount................ $ -- $ -- $ 190,767 $ 1,219
</Table>
343
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SHARES ISSUED FOR
SHARES SOLD REINVESTED DIVIDENDS SHARES REDEEMED
------------------------- --------------------- -------------------------
2007 2006 2007 2006 2007 2006
----------- ----------- --------- --------- ---------- ------------
VALUE OPPORTUNITIES FUND:
Class A Shares............... 1,357 2,747 585 133 (468) (1,047)
Amount................ $ 24,302 $ 46,259 $ 9,978 $ 2,056 $ (8,351) $ (17,492)
Class B Shares............... 175 338 103 31 (110) (221)
Amount................ $ 2,896 $ 5,323 $ 1,607 $ 442 $ (1,819) $ (3,466)
Class C Shares............... 294 663 123 28 (135) (273)
Amount................ $ 4,806 $ 10,489 $ 1,941 $ 399 $ (2,213) $ (4,253)
Class H Shares............... 3 10 20 11 (16) (126)
Amount................ $ 44 $ 169 $ 322 $ 156 $ (269) $ (1,982)
Class I Shares............... 49 1 -- -- (1) --
Amount................ $ 862 $ 11 $ 4 $ -- $ (12) $ --
Class L Shares............... 65 209 173 58 (187) (240)
Amount................ $ 1,159 $ 3,536 $ 2,949 $ 898 $ (3,350) $ (4,067)
Class M Shares............... 6 24 40 17 (34) (139)
Amount................ $ 97 $ 379 $ 621 $ 250 $ (550) $ (2,199)
Class N Shares............... 1 4 12 5 (7) (23)
Amount................ $ 12 $ 60 $ 189 $ 68 $ (110) $ (362)
Class R3 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R4 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class R5 Shares............... 1 -- -- -- -- --
Amount................ $ 10 $ -- $ -- $ -- $ -- $ --
Class Y Shares............... 7 962 248 215 (5,814) (1,707)
Amount................ $ 152 $ 16,358 $ 4,266 $ 3,392 $(103,698) $ (29,124)
<Caption>
SHARES ISSUED
FROM MERGER
M, N AND H TO L OR NET INCREASE (DECREASE)
E OR Z TO Y OF SHARES
------------------------ -------------------------
2007 2006 2007 2006
---------- ----------- ----------- -----------
VALUE OPPORTUNITIES FUND:
Class A Shares............... -- -- 1,474 1,833
Amount................ $ -- $ -- $ 25,929 $ 30,823
Class B Shares............... -- -- 168 148
Amount................ $ -- $ -- $ 2,684 $ 2,299
Class C Shares............... -- -- 282 418
Amount................ $ -- $ -- $ 4,534 $ 6,635
Class H Shares............... (221) -- (214) (105)
Amount................ $ (2,519) $ -- $ (2,422) $ (1,657)
Class I Shares............... -- -- 48 1
Amount................ $ -- $ -- $ 854 $ 11
Class L Shares............... 717 -- 768 27
Amount................ $ 9,953 $ -- $ 10,711 $ 367
Class M Shares............... (425) -- (413) (98)
Amount................ $ (5,620) $ -- $ (5,452) $ (1,570)
Class N Shares............... (129) -- (123) (14)
Amount................ $ (1,814) $ -- $ (1,723) $ (234)
Class R3 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R4 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class R5 Shares............... -- -- 1 --
Amount................ $ -- $ -- $ 10 $ --
Class Y Shares............... -- -- (5,559) (530)
Amount................ $ -- $ -- $ (99,280) $ (9,374)
</Table>
The following reflects the conversion of Class B Shares into Class A
Shares (reflected as Class A Shares issued and Class B Shares redeemed)
and Classes H and M Shares into Class L Shares (reflected as Class L
Shares issued and Classes H and M Shares redeemed) for the six-month
period ended April 30, 2007 and the year ended October 31, 2006:
<Table>
<Caption>
FOR THE SIX-MONTH FOR THE
PERIOD ENDED YEAR ENDED
APRIL 30, 2007 OCTOBER 31, 2006
----------------- -----------------
FUND SHARES DOLLARS SHARES DOLLARS
---- ------ ------- ------ -------
Advisers Fund -- Class B to Class A......................... 1,779 $30,739 1,937 $31,068
Balanced Allocation Fund -- Class B to Class A.............. 95 1,155 63 728
Capital Appreciation Fund -- Class B to Class A............. 16 222 3,083 114
Capital Appreciation II Fund -- Class B to Class A.......... 874 33,387 26 328
Conservative Allocation Fund -Class B to Class A............ 9 97 5 58
Disciplined Equity Fund -- Class B to Class A............... 93 1,286 142 1,768
Dividend And Growth Fund -- Class B to Class A.............. 382 8,054 990 20
Equity Growth Allocation Fund -- Class B to Class A......... 8 114 16 194
Equity Income Fund -- Class B to Class A.................... 33 469 28 363
Floating Rate Fund -- Class B to Class A.................... 46 470 6 60
Fundamental Growth Fund -- Class B to Class A............... 3 33 6 62
Global Communications Fund -- Class B to Class A............ 7 60 13 102
Global Financial Services Fund -- Class B to Class A........ 3 35 4 54
Global Health Fund -- Class B to Class A.................... 30 543 44 750
Global Leaders Fund -- Class B to Class A................... 106 2,066 200 3,702
Global Technology Fund -- Class B to Class A................ 15 89 22 119
Growth Allocation Fund -- Class B to Class A................ 35 443 54 654
Growth Fund -- Class B to Class A........................... 22 397 22 390
Growth Fund -- Class H to Class L........................... 29 526 187 3,425
Growth Fund -- Class M to Class L........................... 38 676 132 2,416
Growth Opportunities Fund -- Class B to Class A............. 15 449 16 465
Growth Opportunities Fund -- Class H to Class L............. 21 614 188 5,397
Growth Opportunities Fund -- Class M to Class L............. 49 1,424 74 2,149
High Yield Fund -- Class B to Class A....................... 133 1,082 448 3,511
</Table>
344
- --------------------------------------------------------------------------------
<Table>
<Caption>
FOR THE SIX-MONTH FOR THE
PERIOD ENDED YEAR ENDED
APRIL 30, 2007 OCTOBER 31, 2006
----------------- -----------------
FUND SHARES DOLLARS SHARES DOLLARS
---- ------ ------- ------ -------
Income Allocation Fund -- Class B to Class A................ 11 105 4 38
Income Fund -- Class B to Class A........................... 9 96 11 110
Inflation Plus Fund -- Class B to Class A................... 19 195 19 199
International Capital Appreciation Fund -- Class B to Class
A......................................................... 42 622 29 394
International Opportunities Fund -- Class B to Class A...... 63 1,073 109 1,622
International Small Company Fund -- Class B to Class A...... 14 216 34 517
MidCap Fund -- Class B to Class A........................... 299 6,928 401 9,873
MidCap Value Fund -- Class B to Class A..................... 45 609 54 745
MidCap Growth Fund -- Class B to Class A.................... -- 5
Money Market Fund -- Class B to Class A..................... 1,047 1,047 1,633 1,633
Select MidCap Growth Fund -- Class B to Class A............. 8 93 4 46
Select MidCap Value Fund -- Class B to Class A.............. 4 46 1 17
Short Duration Fund -- Class B to Class A................... 11 107 18 181
SmallCap Growth Fund -- Class B to Class A.................. 4 146 7 217
SmallCap Growth Fund -- Class H to Class L.................. 7 227 68 2,066
SmallCap Growth Fund -- Class M to Class L.................. 11 346 37 1,131
Small Company Fund -- Class B to Class A.................... 77 1,646 161 3,405
Stock Fund -- Class B to Class A............................ 777 17,222 1,125 22,176
Target Retirement 2020 Fund -- Class B to Class A........... -- 3
Tax-Free California Fund -- Class B to Class A.............. -- -- 2 22
Tax-Free Minnesota Fund -- Class H to Class L............... -- -- -- 1
Tax-Free Minnesota Fund -- Class M to Class L............... -- -- 1 14
Tax-Free National Fund -- Class B to Class A................ 1 13 9 105
Tax-Free National Fund -- Class H to Class L................ 4 46 5 59
Tax-Free National Fund -- Class M to Class L................ 30 337 7 83
Total Return Bond Fund -- Class B to Class A................ 175 1,857 224 2,354
U.S. Government Securities Fund -- Class B to Class A....... 54 501 60 558
U.S. Government Securities Fund -- Class H to Class L....... 6 57 41 375
U.S. Government Securities Fund -- Class M to Class L....... 14 126 26 244
</Table>
7. LINE OF CREDIT:
The Funds participate in a $650,000 revolving line of credit facility. The
facility is to be used for temporary or emergency purposes. Under the
arrangement, the Funds are required to own securities having a market value
in excess of 300% of the total bank borrowings. The interest rate on
borrowings varies depending on the nature of the loan. The facility also
requires a fee to be paid based on the amount of the commitment which has
not been utilized. For the six-month period ended April 30, 2007, the Funds
did not have any borrowings under this facility.
8. CLASS MERGERS:
Effective with the close of business on February 9, 2007, the shareholders
approved the following class mergers:
Classes H, M and N were merged into Class L for Growth Fund, Growth
Opportunities Fund, SmallCap Growth Fund, Tax-Free Minnesota Fund, Tax-Free
National Fund, U.S. Government Securities Fund and Value Opportunities Fund.
Class E was merged into Class Y for the Tax-Free Minnesota Fund, Tax-Free
National Fund and U.S. Government Securities Fund.
Class Z was merged into Class Y for the Growth Opportunities Fund.
The mergers were accomplished by tax-free exchanges as detailed below:
<Table>
<Caption>
CLASS E CLASS H CLASS L CLASS M CLASS N CLASS Y CLASS Z
------- ------- -------- ------- ------- ------- -------
THE HARTFORD GROWTH FUND
Net assets immediately before the merger..... N/A $14,545 $268,403 $15,424 $3,768 N/A N/A
Net assets immediately after the merger...... N/A $ -- $302,140 $ -- $ -- N/A N/A
THE HARTFORD GROWTH OPPORTUNITIES FUND
Net assets immediately before the merger..... N/A $33,813 $593,980 $21,627 $5,531 $61,286 $37,350
Net assets immediately after the merger...... N/A $ -- $654,951 $ -- $ -- $98,636 $ --
</Table>
345
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
APRIL 30, 2007 (UNAUDITED)
(000'S OMITTED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
CLASS E CLASS H CLASS L CLASS M CLASS N CLASS Y CLASS Z
------- ------- -------- ------- ------- ------- -------
THE HARTFORD SMALLCAP GROWTH FUND
Net assets immediately before the merger..... N/A $13,183 $117,927 $14,260 $5,668 N/A N/A
Net assets immediately after the merger...... N/A $ -- $151,038 $ -- $ -- N/A N/A
THE HARTFORD TAX-FREE MINNESOTA FUND
Net assets immediately before the merger..... $23,363 $ 117 $ 2,543 $ 120 $ 148 $ 11 N/A
Net assets immediately after the merger...... $ -- $ -- $ 2,928 $ -- $ -- $23,374 N/A
THE HARTFORD TAX-FREE NATIONAL FUND
Net assets immediately before the merger..... $28,369 $ 164 $ 7,649 $ 921 $ 377 $ 11 N/A
Net assets immediately after the merger...... $ -- $ -- $ 9,111 $ -- $ -- $28,380 N/A
THE HARTFORD U.S. GOVERNMENT SECURITIES FUND
Net assets immediately before the merger..... $86,224 $ 1,720 $ 29,469 $ 1,895 $ 677 $ 11 N/A
Net assets immediately after the merger...... $ -- $ -- $ 33,761 $ -- $ -- $86,235 N/A
THE HARTFORD VALUE OPPORTUNITIES FUND
Net assets immediately before the merger..... N/A $ 3,711 $ 35,064 $ 7,125 $2,165 N/A N/A
Net assets immediately after the merger...... N/A $ -- $ 48,065 $ -- $ -- N/A N/A
</Table>
346
HARTFORD MUTUAL FUNDS, INC. AND HARTFORD MUTUAL FUNDS II, INC.
FINANCIAL HIGHLIGHTS
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD ADVISERS
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $16.74 $ 0.14 $0.01 $ 1.05 $ 1.20
Class B................. 16.57 0.07 0.01 1.05 1.13
Class C................. 16.73 0.08 0.01 1.06 1.15
Class Y................. 16.91 0.17 0.01 1.08 1.26
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 17.24 0.08 -- 0.62 0.70
Class R4................ 17.24 0.10 -- 0.61 0.71
Class R5................ 17.24 0.11 -- 0.63 0.74
For the Year Ended
October 31, 2006
Class A................. 15.34 0.31 -- 1.38 1.69
Class B................. 15.19 0.18 -- 1.37 1.55
Class C................. 15.34 0.19 -- 1.38 1.57
Class Y................. 15.50 0.38 -- 1.40 1.78
For the Year Ended
October 31, 2005(h)
Class A................. 14.57 0.26 -- 0.80 1.06
Class B................. 14.43 0.14 -- 0.79 0.93
Class C................. 14.56 0.16 -- 0.80 0.96
Class Y................. 14.72 0.33 -- 0.81 1.14
For the Year Ended
October 31, 2004(h)
Class A................. 14.19 0.15 0.03 0.38 0.56
Class B................. 14.05 0.03 0.04 0.38 0.45
Class C................. 14.18 0.03 0.06 0.37 0.46
Class Y................. 14.37 0.25 -- 0.36 0.61
For the Year Ended
October 31, 2003(h)
Class A................. 12.67 0.19 -- 1.52 1.71
Class B................. 12.54 0.09 -- 1.51 1.60
Class C................. 12.66 0.11 -- 1.52 1.63
Class Y................. 12.82 0.27 -- 1.54 1.81
For the Year Ended
October 31, 2002(h)
Class A................. 14.38 0.21 -- (1.69) (1.48)
Class B................. 14.24 0.11 -- (1.68) (1.57)
Class C................. 14.37 0.12 -- (1.69) (1.57)
Class Y................. 14.54 0.13 -- (1.55) (1.42)
THE HARTFORD BALANCED
ALLOCATION FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 12.01 0.15 -- 0.71 0.86
Class B................. 11.98 0.10 -- 0.71 0.81
Class C................. 11.98 0.11 -- 0.70 0.81
Class I................. 12.00 0.15 -- 0.73 0.88
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 11.89 0.01 -- 0.48 0.49
Class R4................ 11.89 0.02 -- 0.49 0.51
Class R5................ 11.89 0.03 -- 0.49 0.52
For the Year Ended
October 31, 2006
Class A................. 10.95 0.18 -- 1.12 1.30
Class B................. 10.92 0.10 -- 1.11 1.21
Class C................. 10.92 0.11 -- 1.11 1.22
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 11.66 0.05 -- 0.34 0.39
For the Year Ended
October 31, 2005
Class A................. 10.30 0.13 -- 0.64 0.77
Class B................. 10.28 0.06 -- 0.62 0.68
Class C................. 10.28 0.06 -- 0.62 0.68
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD ADVISERS
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $ (0.14) $(0.09) $ -- $ (0.23) $ 0.97 $17.71
Class B................. (0.07) (0.09) -- (0.16) 0.97 17.54
Class C................. (0.08) (0.09) -- (0.17) 0.98 17.71
Class Y................. (0.18) (0.09) -- (0.27) 0.99 17.90
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ (0.05) -- -- (0.05) 0.65 17.89
Class R4................ (0.06) -- -- (0.06) 0.65 17.89
Class R5................ (0.08) -- -- (0.08) 0.66 17.90
For the Year Ended
October 31, 2006
Class A................. (0.29) -- -- (0.29) 1.40 16.74
Class B................. (0.17) -- -- (0.17) 1.38 16.57
Class C................. (0.18) -- -- (0.18) 1.39 16.73
Class Y................. (0.37) -- -- (0.37) 1.41 16.91
For the Year Ended
October 31, 2005(h)
Class A................. (0.29) -- -- (0.29) 0.77 15.34
Class B................. (0.17) -- -- (0.17) 0.76 15.19
Class C................. (0.18) -- -- (0.18) 0.78 15.34
Class Y................. (0.36) -- -- (0.36) 0.78 15.50
For the Year Ended
October 31, 2004(h)
Class A................. (0.18) -- -- (0.18) 0.38 14.57
Class B................. (0.07) -- -- (0.07) 0.38 14.43
Class C................. (0.08) -- -- (0.08) 0.38 14.56
Class Y................. (0.26) -- -- (0.26) 0.35 14.72
For the Year Ended
October 31, 2003(h)
Class A................. (0.19) -- -- (0.19) 1.52 14.19
Class B................. (0.09) -- -- (0.09) 1.51 14.05
Class C................. (0.11) -- -- (0.11) 1.52 14.18
Class Y................. (0.26) -- -- (0.26) 1.55 14.37
For the Year Ended
October 31, 2002(h)
Class A................. (0.23) -- -- (0.23) (1.71) 12.67
Class B................. (0.13) -- -- (0.13) (1.70) 12.54
Class C................. (0.14) -- (0.14) (1.71) 12.66
Class Y................. (0.30) -- -- (0.30) (1.72) 12.82
THE HARTFORD BALANCED
ALLOCATION FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.24) (0.27) -- (0.51) 0.35 12.36
Class B................. (0.20) (0.27) -- (0.47) 0.34 12.32
Class C................. (0.20) (0.27) -- (0.47) 0.34 12.32
Class I................. (0.26) (0.27) -- (0.53) 0.35 12.35
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ (0.03) -- -- (0.03) 0.46 12.35
Class R4................ (0.04) -- -- (0.04) 0.47 12.36
Class R5................ (0.05) -- -- (0.05) 0.47 12.36
For the Year Ended
October 31, 2006
Class A................. (0.22) (0.02) -- (0.24) 1.06 12.01
Class B................. (0.13) (0.02) -- (0.15) 1.06 11.98
Class C................. (0.14) (0.02) -- (0.16) 1.06 11.98
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. (0.05) -- -- (0.05) 0.34 12.00
For the Year Ended
October 31, 2005
Class A................. (0.12) -- -- (0.12) 0.65 10.95
Class B................. (0.04) -- -- (0.04) 0.64 10.92
Class C................. (0.04) -- -- (0.04) 0.64 10.92
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD ADVISERS
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 7.28%(f)(i) $ 1,103,193 1.17%(e) 1.12%(e) 1.12%(e) 1.57%(e) 43%
Class B................. 6.88(f)(i) 291,940 1.98(e) 1.93(e) 1.93(e) 0.76(e) --
Class C................. 6.96(f)(i) 212,926 1.86(e) 1.81(e) 1.81(e) 0.88(e) --
Class Y................. 7.57(f)(i) 19,206 0.71(e) 0.66(e) 0.66(e) 2.03(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 7.31(f) 10 1.62(e) 1.43(e) 1.43(e) 1.22(e) --
Class R4................ 7.39(f) 10 1.30(e) 1.12(e) 1.12(e) 1.52(e) --
Class R5................ 7.52(f) 11 1.02(e) 0.83(e) 0.83(e) 1.82(e) --
For the Year Ended
October 31, 2006
Class A................. 11.16 1,110,324 1.17 1.12 1.12 1.86 99
Class B................. 10.25 341,772 1.96 1.91 1.91 1.07 --
Class C................. 10.32 219,580 1.87 1.82 1.82 1.16 --
Class Y................. 11.63 17,710 0.71 0.66 0.66 2.32 --
For the Year Ended
October 31, 2005(h)
Class A................. 7.30 1,222,944 1.21 1.19 1.19 1.73 66
Class B................. 6.48 437,462 1.99 1.98 1.98 0.95 --
Class C................. 6.63 253,605 1.91 1.89 1.89 1.06 --
Class Y................. 7.78 15,342 0.75 0.74 0.74 2.13 --
For the Year Ended
October 31, 2004(h)
Class A................. 3.93(i) 1,539,264 1.22 1.22 1.22 1.23 42
Class B................. 3.21(i) 550,499 1.95 1.95 1.95 0.50 --
Class C................. 3.27(i) 355,711 1.86 1.86 1.86 0.58 --
Class Y................. 4.22 13,587 0.74 0.74 0.74 1.71 --
For the Year Ended
October 31, 2003(h)
Class A................. 13.62 1,470,569 1.40 1.39 1.39 1.44 46
Class B................. 12.86 593,179 2.13 2.12 2.12 0.72 --
Class C................. 12.92 421,814 2.00 2.00 2.00 0.84 --
Class Y................. 14.28 8,714 0.81 0.81 0.81 1.98 --
For the Year Ended
October 31, 2002(h)
Class A................. (10.42) 1,245,331 1.41 1.36 1.36 1.56 44
Class B................. (11.11) 567,953 2.08 2.08 2.08 0.84 --
Class C................. (10.99) 422,520 1.97 1.97 1.97 0.95 --
Class Y................. (9.89) 3,997 0.78 0.78 0.78 2.15 --
THE HARTFORD BALANCED
ALLOCATION FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 7.45(f) 533,627 0.54(e) 0.54(e) 0.54(e) 2.31(e) 37
Class B................. 6.98(f) 123,526 1.35(e) 1.32(e) 1.32(e) 1.58(e) --
Class C................. 7.00(f) 205,885 1.29(e) 1.29(e) 1.29(e) 1.57(e) --
Class I................. 7.65(f) 1,178 0.21(e) 0.21(e) 0.21(e) 1.78(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 7.24(f) 10 1.09(e) 1.00(e) 1.00(e) 0.20(e) --
Class R4................ 7.40(f) 10 0.78(e) 0.70(e) 0.70(e) 0.51(e) --
Class R5................ 7.48(f) 10 0.49(e) 0.40(e) 0.40(e) 0.81(e) --
For the Year Ended
October 31, 2006
Class A................. 11.98 453,492 0.62 0.62 0.62 1.52 15
Class B................. 11.22 109,117 1.44 1.36 1.36 0.82 --
Class C................. 11.24 171,073 1.38 1.36 1.36 0.78 --
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 3.35(f) 353 0.39(e) 0.39(e) 0.39(e) 1.47(e) --
For the Year Ended
October 31, 2005
Class A................. 7.47 262,878 0.66 0.60 0.60 1.26 2
Class B................. 6.66 72,619 1.47 1.31 1.31 0.55 --
Class C................. 6.66 103,248 1.41 1.31 1.31 0.56 --
</Table>
347
HARTFORD MUTUAL FUNDS, INC. AND HARTFORD MUTUAL FUNDS II, INC.
FINANCIAL HIGHLIGHTS -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD BALANCED
ALLOCATION
FUND(G) -- (CONTINUED)
From (commencement of
operations) May 28,
2004, through October
31, 2004
Class A................. $10.00 $ 0.02 $ -- $ 0.30 $ 0.32
Class B................. 10.00 0.01 -- 0.27 0.28
Class C................. 10.00 -- -- 0.28 0.28
THE HARTFORD BALANCE
INCOME FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 10.42 0.16 -- 0.51 0.67
Class B................. 10.41 0.12 -- 0.51 0.63
Class C................. 10.41 0.12 -- 0.50 0.62
Class Y................. 10.42 0.20 -- 0.48 0.68
From (commencement of
operations) July 31,
2006, through October
31, 2006
Class A................. 10.00 0.09 -- 0.39 0.48
Class B................. 10.00 0.07 -- 0.38 0.45
Class C................. 10.00 0.06 -- 0.40 0.46
Class Y................. 10.00 0.10 -- 0.38 0.48
THE HARTFORD CAPITAL
APPRECIATION FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. 39.67 0.10 -- 2.73 2.83
Class B................. 36.25 (0.04) -- 2.47 2.43
Class C................. 36.40 (0.03) -- 2.49 2.46
Class I................. 39.69 0.18 -- 2.69 2.87
Class Y................. 42.19 0.20 -- 2.90 3.10
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ 40.22 0.04 -- 1.55 1.59
Class R4................ 40.22 0.06 -- 1.57 1.63
Class R5................ 40.22 0.11 -- 1.57 1.68
For the Year Ended
October 31, 2006
Class A................. 36.51 0.15 -- 6.43 6.58
Class B................. 33.90 (0.10) -- 5.87 5.77
Class C................. 34.00 (0.07) -- 5.89 5.82
Class Y................. 38.47 0.30 -- 6.84 7.14
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 37.53 -- -- 2.16 2.16
For the Year Ended
October 31, 2005
Class A................. 30.80 0.09 -- 5.62 5.71
Class B................. 28.82 (0.15) -- 5.23 5.08
Class C................. 28.88 (0.11) -- 5.23 5.12
Class Y................. 32.29 0.21 -- 5.97 6.18
For the Year Ended
October 31, 2004
Class A................. 26.50 (0.01) -- 4.31 4.30
Class B................. 24.97 (0.21) -- 4.06 3.85
Class C................. 25.00 (0.18) -- 4.06 3.88
Class Y................. 27.64 0.11 -- 4.54 4.65
For the Year Ended
October 31, 2003
Class A................. 20.47 (0.04) -- 6.07 6.03
Class B................. 19.44 (0.19) -- 5.72 5.53
Class C................. 19.44 (0.16) -- 5.72 5.56
Class Y................. 21.23 0.08 -- 6.33 6.41
For the Year Ended
October 31, 2002(h)
Class A................. 24.12 (0.06) -- (3.59) (3.65)
Class B................. 23.06 (0.25) -- (3.37) (3.62)
Class C................. 23.04 (0.22) -- (3.38) (3.60)
Class Y................. 24.85 0.04 -- (3.66) (3.62)
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD BALANCED
ALLOCATION
FUND(G) -- (CONTINUED)
From (commencement of
operations) May 28,
2004, through October
31, 2004
Class A................. $ (0.02) $ -- $ -- $ (0.02) $ 0.30 $10.30
Class B................. -- -- -- -- 0.28 10.28
Class C................. -- -- -- -- 0.28 10.28
THE HARTFORD BALANCE
INCOME FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.17) -- -- (0.17) 0.50 10.92
Class B................. (0.14) -- -- (0.14) 0.49 10.90
Class C................. (0.14) -- -- (0.14) 0.48 10.89
Class Y................. (0.17) -- -- (0.17) 0.51 10.93
From (commencement of
operations) July 31,
2006, through October
31, 2006
Class A................. (0.06) -- -- (0.06) 0.42 10.42
Class B................. (0.04) -- -- (0.04) 0.41 10.41
Class C................. (0.05) -- -- (0.05) 0.41 10.41
Class Y................. (0.06) -- -- (0.06) 0.42 10.42
THE HARTFORD CAPITAL
APPRECIATION FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. (0.13) (3.04) -- (3.17) (0.34) 39.33
Class B................. -- (3.04) -- (3.04) (0.61) 35.64
Class C................. -- (3.04) -- (3.04) (0.58) 35.82
Class I................. (0.40) (3.04) -- (3.44) (0.57) 39.12
Class Y................. (0.32) (3.04) -- (3.36) (0.26) 41.93
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ -- -- -- -- 1.59 41.81
Class R4................ -- -- -- -- 1.63 41.85
Class R5................ -- -- -- -- 1.68 41.90
For the Year Ended
October 31, 2006
Class A................. -- (3.42) -- (3.42) 3.16 39.67
Class B................. -- (3.42) -- (3.42) 2.35 36.25
Class C................. -- (3.42) -- (3.42) 2.40 36.40
Class Y................. -- (3.42) -- (3.42) 3.72 42.19
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. -- -- -- -- 2.16 39.69
For the Year Ended
October 31, 2005
Class A................. -- -- -- -- 5.71 36.51
Class B................. -- -- -- -- 5.08 33.90
Class C................. -- -- -- -- 5.12 34.00
Class Y................. -- -- -- -- 6.18 38.47
For the Year Ended
October 31, 2004
Class A................. -- -- -- -- 4.30 30.80
Class B................. -- -- -- -- 3.85 28.82
Class C................. -- -- -- -- 3.88 28.88
Class Y................. -- -- -- -- 4.65 32.29
For the Year Ended
October 31, 2003
Class A................. -- -- -- -- 6.03 26.50
Class B................. -- -- -- -- 5.53 24.97
Class C................. -- -- -- -- 5.56 25.00
Class Y................. -- -- -- -- 6.41 27.64
For the Year Ended
October 31, 2002(h)
Class A................. -- -- -- -- (3.65) 20.47
Class B................. -- -- -- -- (3.62) 19.44
Class C................. -- -- -- -- (3.60) 19.44
Class Y................. -- -- -- -- (3.62) 21.23
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD BALANCED
ALLOCATION
FUND(G) -- (CONTINUED)
From (commencement of
operations) May 28,
2004, through October
31, 2004
Class A................. 3.15%(f) $ 67,293 0.62%(e) 0.59%(e) 0.59%(e) 0.99%(e) --
Class B................. 2.82(f) 18,841 1.45(e) 1.29(e) 1.29(e) 0.33(e) --
Class C................. 2.82(f) 30,414 1.38(e) 1.29(e) 1.29(e) 0.30(e) --
THE HARTFORD BALANCE
INCOME FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 6.43(f) 24,920 1.38(e) 1.25(e) 1.25(e) 3.45(e) 12%
Class B................. 6.10(f) 1,058 2.24(e) 2.00(e) 2.00(e) 2.67(e) --
Class C................. 6.03(f) 1,725 2.20(e) 2.00(e) 2.00(e) 2.65(e) --
Class Y................. 6.62(f) 112 1.10(e) 0.90(e) 0.90(e) 3.82(e) --
From (commencement of
operations) July 31,
2006, through October
31, 2006
Class A................. 4.78(f) 11,513 1.58(e) 1.26(e) 1.26(e) 3.48(e) 8
Class B................. 4.54(f) 304 2.34(e) 2.00(e) 2.00(e) 2.73(e) --
Class C................. 4.56(f) 400 2.39(e) 2.00(e) 2.00(e) 2.67(e) --
Class Y................. 4.83(f) 105 1.31(e) 0.90(e) 0.90(e) 3.86(e) --
THE HARTFORD CAPITAL
APPRECIATION FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. 7.67(f)(i) 10,885,348 1.13(e) 1.13(e) 1.13(e) 0.55(e) 42
Class B................. 7.24(f)(i) 1,980,702 1.93(e) 1.93(e) 1.93(e) (0.26)(e) --
Class C................. 7.30(f)(i) 3,547,615 1.84(e) 1.84(e) 1.84(e) (0.16)(e) --
Class I................. 7.80(f)(i) 62,704 0.79(e) 0.79(e) 0.79(e) 0.96(e) --
Class Y................. 7.88(f)(i) 678,985 0.72(e) 0.72(e) 0.72(e) 0.95(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ 7.57(f) 35 1.59(e) 1.55(e) 1.55(e) 0.26(e) --
Class R4................ 7.67(f) 10 1.31(e) 1.24(e) 1.24(e) 0.41(e) --
Class R5................ 7.80(f) 10 1.02(e) 0.94(e) 0.94(e) 0.71(e) --
For the Year Ended
October 31, 2006
Class A................. 19.56 9,312,766 1.18 1.18 1.18 0.47 74
Class B................. 18.59 1,868,359 1.97 1.97 1.97 (0.31) --
Class C................. 18.69 2,968,472 1.90 1.90 1.90 (0.25) --
Class Y................. 20.07 414,259 0.75 0.75 0.75 0.90 --
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 5.76(f) 5,193 0.88(e) 0.88(e) 0.88(e) 0.17(e) --
For the Year Ended
October 31, 2005
Class A................. 18.54 6,071,891 1.26 1.26 1.26 0.31 93
Class B................. 17.63 1,631,199 2.03 2.03 2.03 (0.45) --
Class C................. 17.73 1,834,562 1.94 1.94 1.94 (0.37) --
Class Y................. 19.14 245,163 0.78 0.78 0.78 0.76 --
For the Year Ended
October 31, 2004
Class A................. 16.23 4,203,178 1.35 1.35 1.35 (0.05) 78
Class B................. 15.42 1,432,121 2.06 2.06 2.06 (0.78) --
Class C................. 15.52 1,348,972 1.97 1.97 1.97 (0.68) --
Class Y................. 16.82 116,527 0.79 0.79 0.79 0.50 --
For the Year Ended
October 31, 2003
Class A................. 29.46 2,357,913 1.45 1.43 1.43 (0.13) 113
Class B................. 28.45 1,140,154 2.17 2.17 2.17 (0.87) --
Class C................. 28.60 981,246 2.05 2.05 2.05 (0.75) --
Class Y................. 30.19 48,372 0.85 0.85 0.85 0.46 --
For the Year Ended
October 31, 2002(h)
Class A................. (15.13) 1,700,765 1.45 1.40 1.40 (0.28) 112
Class B................. (15.70) 884,553 2.14 2.14 2.14 (1.04) --
Class C................. (15.62) 738,988 2.02 2.02 2.02 (0.92) --
Class Y................. (14.57) 25,378 0.80 0.80 0.80 0.27 --
</Table>
The accompanying notes are an integral part of these financial statements.
348
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD CAPITAL
APPRECIATION II FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. $13.13 $ -- $ -- $ 1.70 $ 1.70
Class B................. 12.99 (0.03) -- 1.64 1.61
Class C................. 13.00 (0.02) -- 1.65 1.63
Class I................. 13.14 0.02 -- 1.70 1.72
Class Y................. 13.20 0.03 -- 1.71 1.74
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 13.52 -- -- 1.07 1.07
Class R4................ 13.52 (0.01) -- 1.09 1.08
Class R5................ 13.52 0.01 -- 1.09 1.10
For the Year Ended
October 31, 2006
Class A................. 11.07 (0.01) -- 2.22 2.21
Class B................. 11.02 (0.07) -- 2.19 2.12
Class C................. 11.04 (0.06) -- 2.17 2.11
Class Y................. 11.08 0.12 -- 2.15 2.27
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 12.51 -- -- 0.63 0.63
From (commencement of
operations) April 29,
2005, through October
31, 2005
Class A................. 10.00 (0.01) -- 1.08 1.07
Class B................. 10.00 (0.03) -- 1.05 1.02
Class C................. 10.00 (0.03) -- 1.07 1.04
Class Y................. 10.00 0.02 -- 1.06 1.08
THE HARTFORD CONSERVATIVE
ALLOCATION FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 11.16 0.16 -- 0.43 0.59
Class B................. 11.16 0.13 -- 0.43 0.56
Class C................. 11.15 0.12 -- 0.44 0.56
Class I................. 11.16 0.21 -- 0.40 0.61
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 10.95 0.04 -- 0.30 0.34
Class R4................ 10.95 0.06 -- 0.30 0.36
Class R5................ 10.95 0.07 -- 0.30 0.37
For the Year Ended
October 31, 2006
Class A................. 10.57 0.26 -- 0.76 1.02
Class B................. 10.56 0.19 -- 0.76 0.95
Class C................. 10.56 0.19 -- 0.76 0.95
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 10.94 0.07 -- 0.22 0.29
For the Year Ended
October 31, 2005
Class A................. 10.27 0.23 -- 0.28 0.51
Class B................. 10.26 0.16 -- 0.28 0.44
Class C................. 10.26 0.16 -- 0.28 0.44
From (commencement of
operations) May 28,
2004, through October
31, 2004
Class A................. 10.00 0.03 -- 0.27 0.30
Class B................. 10.00 0.02 -- 0.25 0.27
Class C................. 10.00 0.02 -- 0.25 0.27
THE HARTFORD DISCIPLINED
EQUITY FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 13.19 0.03 0.01 1.21 1.25
Class B................. 12.53 (0.02) 0.01 1.15 1.14
Class C................. 12.54 (0.02) 0.01 1.16 1.15
Class Y................. 13.58 0.15 0.01 1.17 1.33
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD CAPITAL
APPRECIATION II FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. $ -- $(0.31) $ -- $ (0.31) $ 1.39 $14.52
Class B................. -- (0.31) -- (0.31) 1.30 14.29
Class C................. -- (0.31) -- (0.31) 1.32 14.32
Class I................. -- (0.31) -- (0.31) 1.41 14.55
Class Y................. -- (0.31) -- (0.31) 1.43 14.63
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ -- -- -- -- 1.07 14.59
Class R4................ -- -- -- -- 1.08 14.60
Class R5................ -- -- -- -- 1.10 14.62
For the Year Ended
October 31, 2006
Class A................. -- (0.15) -- (0.15) 2.06 13.13
Class B................. -- (0.15) -- (0.15) 1.97 12.99
Class C................. -- (0.15) -- (0.15) 1.96 13.00
Class Y................. -- (0.15) -- (0.15) 2.12 13.20
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. -- -- -- -- 0.63 13.14
From (commencement of
operations) April 29,
2005, through October
31, 2005
Class A................. -- -- -- -- 1.07 11.07
Class B................. -- -- -- -- 1.02 11.02
Class C................. -- -- -- -- 1.04 11.04
Class Y................. -- -- -- -- 1.08 11.08
THE HARTFORD CONSERVATIVE
ALLOCATION FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.21) (0.29) -- (0.50) 0.09 11.25
Class B................. (0.18) (0.29) -- (0.47) 0.09 11.25
Class C................. (0.18) (0.29) -- (0.47) 0.09 11.24
Class I................. (0.24) (0.29) -- (0.53) 0.08 11.24
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ (0.05) -- -- (0.05) 0.29 11.24
Class R4................ (0.06) -- -- (0.06) 0.30 11.25
Class R5................ (0.07) -- -- (0.07) 0.30 11.25
For the Year Ended
October 31, 2006
Class A................. (0.31) (0.12) -- (0.43) 0.59 11.16
Class B................. (0.23) (0.12) -- (0.35) 0.60 11.16
Class C................. (0.24) (0.12) -- (0.36) 0.59 11.15
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. (0.07) -- -- (0.07) 0.22 11.16
For the Year Ended
October 31, 2005
Class A................. (0.21) -- -- (0.21) 0.30 10.57
Class B................. (0.14) -- -- (0.14) 0.30 10.56
Class C................. (0.14) -- -- (0.14) 0.30 10.56
From (commencement of
operations) May 28,
2004, through October
31, 2004
Class A................. (0.03) -- -- (0.03) 0.27 10.27
Class B................. (0.01) -- -- (0.01) 0.26 10.26
Class C................. (0.01) -- -- (0.01) 0.26 10.26
THE HARTFORD DISCIPLINED
EQUITY FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.10) -- -- (0.10) 1.15 14.34
Class B................. (0.01) -- -- (0.01) 1.13 13.66
Class C................. (0.01) -- -- (0.01) 1.14 13.68
Class Y................. (0.10) -- -- (0.10) 1.23 14.81
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD CAPITAL
APPRECIATION II FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. 13.21%(f) $ 462,523 1.45%(e) 1.45%(e) 1.45%(e) 0.06%(e) 52%
Class B................. 12.65(f) 60,123 2.31(e) 2.30(e) 2.30(e) (0.78)(e) --
Class C................. 12.79(f) 219,908 2.17(e) 2.17(e) 2.17(e) (0.64)(e) --
Class I................. 13.35(f) 34,605 1.10(e) 1.10(e) 1.10(e) 0.45(e) --
Class Y................. 13.44(f) 135 1.03(e) 1.03(e) 1.03(e) 0.46(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 13.13(f) 166 1.72(e) 1.72(e) 1.72(e) (0.01)(e) --
Class R4................ 13.21(f) 11 1.58(e) 1.52(e) 1.52(e) (0.15)(e) --
Class R5................ 13.37(f) 11 1.33(e) 1.25(e) 1.25(e) 0.13(e) --
For the Year Ended
October 31, 2006
Class A................. 20.21 241,238 1.66 1.61 1.61 (0.13) 113
Class B................. 19.48 29,169 2.54 2.35 2.35 (0.88) --
Class C................. 19.35 97,678 2.37 2.33 2.33 (0.86) --
Class Y................. 20.74 119 1.20 1.15 1.15 0.39 --
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 5.04(f) 3,316 1.46(e) 0.80(e) 0.80(e) 0.45(e) --
From (commencement of
operations) April 29,
2005, through October
31, 2005
Class A................. 10.70(f) 56,981 1.99(e) 1.60(e) 1.60(e) (0.30)(e) 46
Class B................. 10.20(f) 6,343 2.97(e) 2.35(e) 2.35(e) (1.10)(e) --
Class C................. 10.40(f) 19,494 2.82(e) 2.35(e) 2.35(e) (1.12)(e) --
Class Y................. 10.80(f) 332 1.41(e) 1.15(e) 1.15(e) 0.29(e) --
THE HARTFORD CONSERVATIVE
ALLOCATION FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 5.50(f) 106,703 0.57(e) 0.57(e) 0.57(e) 2.93(e) 35
Class B................. 5.15(f) 23,191 1.40(e) 1.27(e) 1.27(e) 2.26(e) --
Class C................. 5.15(f) 39,765 1.34(e) 1.27(e) 1.27(e) 2.11(e) --
Class I................. 5.63(f) 3,567 0.25(e) 0.25(e) 0.25(e) 2.14(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 5.27(f) 10 1.14(e) 1.06(e) 1.06(e) 1.12(e) --
Class R4................ 5.45(f) 10 0.82(e) 0.74(e) 0.74(e) 1.43(e) --
Class R5................ 5.53(f) 10 0.54(e) 0.45(e) 0.45(e) 1.73(e) --
For the Year Ended
October 31, 2006
Class A................. 9.85 93,504 0.64 0.63 0.63 2.41 29
Class B................. 9.19 20,782 1.48 1.31 1.31 1.73 --
Class C................. 9.10 36,123 1.41 1.31 1.31 1.67 --
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 2.69(f) 10 0.72(e) 0.41(e) 0.41(e) 2.07(e) --
For the Year Ended
October 31, 2005
Class A................. 4.96 70,533 0.63 0.60 0.60 2.25 23
Class B................. 4.26 14,525 1.48 1.26 1.26 1.60 --
Class C................. 4.26 27,453 1.42 1.26 1.26 1.56 --
From (commencement of
operations) May 28,
2004, through October
31, 2004
Class A................. 2.96(f) 33,921 0.63(e) 0.60(e) 0.60(e) 1.70(e) --
Class B................. 2.70(f) 4,993 1.44(e) 1.25(e) 1.25(e) 1.05(e) --
Class C................. 2.70(f) 10,807 1.38(e) 1.25(e) 1.25(e) 1.17(e) --
THE HARTFORD DISCIPLINED
EQUITY FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 9.52(f)(i) 186,122 1.42(e) 1.40(e) 1.40(e) 0.43(e) 32
Class B................. 9.14(f)(i) 33,879 2.33(e) 2.07(e) 2.07(e) (0.23)(e) --
Class C................. 9.16(f)(i) 27,887 2.11(e) 2.11(e) 2.11(e) (0.27)(e) --
Class Y................. 9.86(f)(i) 99,022 0.89(e) 0.89(e) 0.89(e) 1.04(e) --
</Table>
349
HARTFORD MUTUAL FUNDS, INC. AND HARTFORD MUTUAL FUNDS II, INC.
FINANCIAL HIGHLIGHTS -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD DISCIPLINED
EQUITY
FUND -- (CONTINUED)
From (commencement of
operations) December
22, 2006, through April
30, 2007
Class R3................ $13.89 $ -- $ -- $ 0.87 $ 0.87
Class R4................ 13.89 0.02 -- 0.87 0.89
Class R5................ 13.89 0.03 -- 0.88 0.91
For the Year Ended
October 31, 2006
Class A................. 11.78 0.04 -- 1.39 1.43
Class B................. 11.25 (0.03) -- 1.31 1.28
Class C................. 11.26 (0.04) -- 1.32 1.28
Class Y................. 12.12 0.14 -- 1.40 1.54
For the Year Ended
October 31, 2005
Class A................. 10.67 0.10 -- 1.09 1.19
Class B................. 10.20 (0.02) -- 1.08 1.06
Class C................. 10.22 (0.02) -- 1.07 1.05
Class Y................. 10.99 0.15 -- 1.12 1.27
For the Year Ended
October 31, 2004
Class A................. 10.08 0.03 -- 0.57 0.60
Class B................. 9.70 (0.05) -- 0.55 0.50
Class C................. 9.71 (0.05) -- 0.56 0.51
Class Y................. 10.36 (0.01) -- 0.69 0.68
For the Year Ended
October 31, 2003
Class A................. 8.43 0.02 -- 1.63 1.65
Class B................. 8.17 (0.04) -- 1.57 1.53
Class C................. 8.18 (0.04) -- 1.57 1.53
Class Y................. 8.63 0.08 -- 1.65 1.73
For the Year Ended
October 31, 2002(h)
Class A................. 10.36 -- -- (1.93) (1.93)
Class B................. 10.10 (0.11) -- (1.82) (1.93)
Class C................. 10.11 (0.06) -- (1.87) (1.93)
Class Y................. 10.52 0.05 -- (1.94) (1.89)
THE HARTFORD DIVIDEND AND
GROWTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 21.48 0.14 0.01 1.91 2.06
Class B................. 21.17 0.06 0.01 1.88 1.95
Class C................. 21.13 0.07 0.01 1.87 1.95
Class I................. 21.46 0.16 -- 1.94 2.10
Class Y................. 21.72 0.20 0.01 1.92 2.13
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 21.14 0.05 -- 1.18 1.23
Class R4................ 21.14 0.08 -- 1.18 1.26
Class R5................ 21.14 0.10 -- 1.18 1.28
For the Year Ended
October 31, 2006(h)
Class A................. 19.10 0.26 -- 3.14 3.40
Class B................. 18.84 0.09 -- 3.10 3.19
Class C................. 18.81 0.12 -- 3.08 3.20
Class Y................. 19.30 0.35 -- 3.18 3.53
From (commencement of
operations) August 31,
2006, through October
31, 2006(h)
Class I................. 20.48 0.03 -- 1.03 1.06
For the Year Ended
October 31, 2005
Class A................. 17.79 0.23 -- 1.51 1.74
Class B................. 17.56 0.08 -- 1.48 1.56
Class C................. 17.53 0.10 -- 1.48 1.58
Class Y................. 17.97 0.32 -- 1.53 1.85
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD DISCIPLINED
EQUITY
FUND -- (CONTINUED)
From (commencement of
operations) December
22, 2006, through April
30, 2007
Class R3................ $ -- $ -- $ -- $ -- $ 0.87 $14.76
Class R4................ -- -- -- -- 0.89 14.78
Class R5................ -- -- -- -- 0.91 14.80
For the Year Ended
October 31, 2006
Class A................. (0.02) -- -- (0.02) 1.41 13.19
Class B................. -- -- -- -- 1.28 12.53
Class C................. -- -- -- -- 1.28 12.54
Class Y................. (0.08) -- -- (0.08) 1.46 13.58
For the Year Ended
October 31, 2005
Class A................. (0.08) -- -- (0.08) 1.11 11.78
Class B................. (0.01) -- -- (0.01) 1.05 11.25
Class C................. (0.01) -- -- (0.01) 1.04 11.26
Class Y................. (0.14) -- -- (0.14) 1.13 12.12
For the Year Ended
October 31, 2004
Class A................. (0.01) -- -- (0.01) 0.59 10.67
Class B................. -- -- -- -- 0.50 10.20
Class C................. -- -- -- -- 0.51 10.22
Class Y................. (0.05) -- -- (0.05) 0.63 10.99
For the Year Ended
October 31, 2003
Class A................. -- -- -- -- 1.65 10.08
Class B................. -- -- -- -- 1.53 9.70
Class C................. -- -- -- -- 1.53 9.71
Class Y................. -- -- -- -- 1.73 10.36
For the Year Ended
October 31, 2002(h)
Class A................. -- -- -- -- (1.93) 8.43
Class B................. -- -- -- -- (1.93) 8.17
Class C................. -- -- -- -- (1.93) 8.18
Class Y................. -- -- -- -- (1.89) 8.63
THE HARTFORD DIVIDEND AND
GROWTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.12) (1.34) -- (1.46) 0.60 22.08
Class B................. (0.04) (1.34) -- (1.38) 0.57 21.74
Class C................. (0.05) (1.34) -- (1.39) 0.56 21.69
Class I................. (0.20) (1.34) -- (1.54) 0.56 22.02
Class Y................. (0.16) (1.34) -- (1.50) 0.63 22.35
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ (0.04) -- -- (0.04) 1.19 22.33
Class R4................ (0.06) -- -- (0.06) 1.20 22.34
Class R5................ (0.07) -- -- (0.07) 1.21 22.35
For the Year Ended
October 31, 2006(h)
Class A................. (0.26) (0.76) -- (1.02) 2.38 21.48
Class B................. (0.10) (0.76) -- (0.86) 2.33 21.17
Class C................. (0.12) (0.76) -- (0.88) 2.32 21.13
Class Y................. (0.35) (0.76) -- (1.11) 2.42 21.72
From (commencement of
operations) August 31,
2006, through October
31, 2006(h)
Class I................. (0.08) -- -- (0.08) 0.98 21.46
For the Year Ended
October 31, 2005
Class A................. (0.24) (0.19) -- (0.43) 1.31 19.10
Class B................. (0.09) (0.19) -- (0.28) 1.28 18.84
Class C................. (0.11) (0.19) -- (0.30) 1.28 18.81
Class Y................. (0.33) (0.19) -- (0.52) 1.33 19.30
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD DISCIPLINED
EQUITY
FUND -- (CONTINUED)
From (commencement of
operations) December
22, 2006, through April
30, 2007
Class R3................ 9.48%(f) $ 11 1.78%(e) 1.65%(e) 1.65%(e) (0.03)%(e) --
Class R4................ 9.63(f) 11 1.48(e) 1.35(e) 1.35(e) 0.27(e) --
Class R5................ 9.78(f) 11 1.20(e) 1.05(e) 1.05(e) 0.57(e) --
For the Year Ended
October 31, 2006
Class A................. 12.13 189,375 1.40 1.40 1.40 0.39 67%
Class B................. 11.38 35,673 2.30 2.07 2.07 (0.28) --
Class C................. 11.37 29,153 2.10 2.10 2.10 (0.31) --
Class Y................. 12.76 169,614 0.89 0.89 0.89 0.88 --
For the Year Ended
October 31, 2005
Class A................. 11.19 209,721 1.41 1.40 1.40 0.81 61
Class B................. 10.35 39,806 2.34 2.15 2.15 0.06 --
Class C................. 10.29 33,690 2.11 2.11 2.11 0.12 --
Class Y................. 11.62 81,582 0.90 0.90 0.90 0.97 --
For the Year Ended
October 31, 2004
Class A................. 5.92 241,014 1.46 1.45 1.45 0.30 62
Class B................. 5.16 44,561 2.34 2.15 2.15 (0.41) --
Class C................. 5.25(i) 40,965 2.10 2.10 2.10 (0.36) --
Class Y................. 6.55 19,578 0.88 0.88 0.88 0.95 --
For the Year Ended
October 31, 2003
Class A................. 19.57 243,842 1.56 1.45 1.45 0.24 76
Class B................. 18.73 47,888 2.30 2.15 2.15 (0.46) --
Class C................. 18.70 46,162 2.17 2.15 2.15 (0.46) --
Class Y................. 20.05 622 0.98 0.98 0.98 0.70 --
For the Year Ended
October 31, 2002(h)
Class A................. (18.63) 230,545 1.57 1.45 1.45 (0.03) 89
Class B................. (19.11) 43,431 2.26 2.15 2.15 (1.03) --
Class C................. (19.09) 44,054 2.13 2.13 2.13 (0.80) --
Class Y................. (17.97) 661 0.93 0.93 0.93 0.46 --
THE HARTFORD DIVIDEND AND
GROWTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 10.25(f)(i) 3,014,547 1.10(e) 1.10(e) 1.10(e) 1.39(e) 12
Class B................. 9.79(f)(i) 392,994 1.96(e) 1.96(e) 1.96(e) 0.54(e) --
Class C................. 9.84(f)(i) 352,106 1.83(e) 1.83(e) 1.83(e) 0.66(e) --
Class I................. 10.44(f)(i) 687 0.78(e) 0.78(e) 0.78(e) 1.40(e) --
Class Y................. 10.46(f)(i) 126,934 0.69(e) 0.69(e) 0.69(e) 1.84(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 10.14(f) 11 1.59(e) 1.50(e) 1.50(e) 0.69(e) --
Class R4................ 10.27(f) 11 1.28(e) 1.20(e) 1.20(e) 0.99(e) --
Class R5................ 10.40(f) 11 0.99(e) 0.90(e) 0.90(e) 1.29(e) --
For the Year Ended
October 31, 2006(h)
Class A................. 18.63 2,626,634 1.14 1.14 1.14 1.32 29
Class B................. 17.63 365,678 1.99 1.99 1.99 0.48 --
Class C................. 17.75 317,139 1.87 1.87 1.87 0.60 --
Class Y................. 19.15 133,376 0.71 0.71 0.71 1.75 --
From (commencement of
operations) August 31,
2006, through October
31, 2006(h)
Class I................. 5.20(f) 11 1.08(e) 0.98(e) 0.98(e) 0.59(e) --
For the Year Ended
October 31, 2005
Class A................. 9.87 2,109,617 1.17 1.17 1.17 1.25 26
Class B................. 8.92 343,650 2.01 2.01 2.01 0.41 --
Class C................. 9.08 280,967 1.89 1.89 1.89 0.54 --
Class Y................. 10.36 114,777 0.73 0.73 0.73 1.64 --
</Table>
The accompanying notes are an integral part of these financial statements.
350
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD DIVIDEND AND
GROWTH
FUND -- (CONTINUED)
For the Year Ended
October 31, 2004
Class A................. $15.94 $ 0.16 $0.01 $ 1.82 $ 1.99
Class B................. 15.75 0.03 -- 1.80 1.83
Class C................. 15.72 0.05 0.01 1.79 1.85
Class Y................. 16.11 0.24 -- 1.86 2.10
For the Year Ended
October 31, 2003
Class A................. 13.58 0.12 -- 2.37 2.49
Class B................. 13.43 0.03 -- 2.32 2.35
Class C................. 13.40 0.04 -- 2.32 2.36
Class Y................. 13.73 0.19 -- 2.40 2.59
For the Year Ended
October 31, 2002(h)
Class A................. 15.53 0.12 -- (1.71) (1.59)
Class B................. 15.37 0.02 -- (1.70) (1.68)
Class C................. 15.33 0.03 -- (1.69) (1.66)
Class Y................. 15.71 0.12 -- (1.65) (1.53)
THE HARTFORD EQUITY
GROWTH ALLOCATION
FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. 13.21 0.04 -- 1.33 1.37
Class B................. 13.10 -- -- 1.31 1.31
Class C................. 13.10 -- -- 1.30 1.30
Class I................. 13.22 0.02 -- 1.36 1.38
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ 13.24 (0.04) -- 0.84 0.80
Class R4................ 13.24 (0.03) -- 0.85 0.82
Class R5................ 13.24 (0.02) -- 0.86 0.84
For the Year Ended
October 31, 2006
Class A................. 11.46 0.02 -- 1.83 1.85
Class B................. 11.37 (0.12) -- 1.88 1.76
Class C................. 11.37 (0.12) -- 1.88 1.76
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 12.59 (0.01) -- 0.64 0.63
For the Year Ended
October 31, 2005
Class A................. 10.38 (0.02) -- 1.12 1.10
Class B................. 10.35 (0.08) -- 1.10 1.02
Class C................. 10.35 (0.07) -- 1.09 1.02
From (commencement of
operations) May 28,
2004, through October
31, 2004
Class A................. 10.00 (0.01) -- 0.39 0.38
Class B................. 10.00 (0.02) -- 0.37 0.35
Class C................. 10.00 (0.02) -- 0.37 0.35
THE HARTFORD EQUITY
INCOME FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 14.00 0.13 -- 1.25 1.38
Class B................. 13.97 0.08 -- 1.23 1.31
Class C................. 13.99 0.09 -- 1.22 1.31
Class I................. 13.99 0.14 -- 1.25 1.39
Class Y................. 14.07 0.14 -- 1.27 1.41
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 13.97 0.07 -- 0.77 0.84
Class R4................ 13.97 0.08 -- 0.77 0.85
Class R5................ 13.97 0.10 -- 0.78 0.88
For the Year Ended
October 31, 2006
Class A................. 12.09 0.26 -- 1.96 2.22
Class B................. 12.07 0.16 -- 1.94 2.10
Class C................. 12.08 0.17 -- 1.96 2.13
Class Y................. 12.15 0.30 -- 1.98 2.28
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD DIVIDEND AND
GROWTH
FUND -- (CONTINUED)
For the Year Ended
October 31, 2004
Class A................. $ (0.14) $ -- $ -- $ (0.14) $ 1.85 $17.79
Class B................. (0.02) -- -- (0.02) 1.81 17.56
Class C................. (0.04) -- -- (0.04) 1.81 17.53
Class Y................. (0.24) -- -- (0.24) 1.86 17.97
For the Year Ended
October 31, 2003
Class A................. (0.13)(j) -- -- (0.13) 2.36 15.94
Class B................. (0.03)(j) -- -- (0.03) 2.32 15.75
Class C................. (0.04)(j) -- -- (0.04) 2.32 15.72
Class Y................. (0.21)(j) -- -- (0.21) 2.38 16.11
For the Year Ended
October 31, 2002(h)
Class A................. (0.12) (0.24) -- (0.36) (1.95) 13.58
Class B................. (0.02) (0.24) -- (0.26) (1.94) 13.43
Class C................. (0.03) (0.24) -- (0.27) (1.93) 13.40
Class Y................. (0.21) (0.24) -- (0.45) (1.98) 13.73
THE HARTFORD EQUITY
GROWTH ALLOCATION
FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. (0.24) (0.28) -- (0.52) 0.85 14.06
Class B................. (0.16) (0.28) -- (0.44) 0.87 13.97
Class C................. (0.16) (0.28) -- (0.44) 0.86 13.96
Class I................. (0.25) (0.28) -- (0.53) 0.85 14.07
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ -- -- -- -- 0.80 14.04
Class R4................ -- -- -- -- 0.82 14.06
Class R5................ -- -- -- -- 0.84 14.08
For the Year Ended
October 31, 2006
Class A................. (0.09) (0.01) -- (0.10) 1.75 13.21
Class B................. (0.02) (0.01) -- (0.03) 1.73 13.10
Class C................. (0.02) (0.01) -- (0.03) 1.73 13.10
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. -- -- -- -- 0.63 13.22
For the Year Ended
October 31, 2005
Class A................. (0.02) -- -- (0.02) 1.08 11.46
Class B................. -- -- -- -- 1.02 11.37
Class C................. -- -- -- -- 1.02 11.37
From (commencement of
operations) May 28,
2004, through October
31, 2004
Class A................. -- -- -- -- 0.38 10.38
Class B................. -- -- -- -- 0.35 10.35
Class C................. -- -- -- -- 0.35 10.35
THE HARTFORD EQUITY
INCOME FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.12) (0.54) -- (0.66) 0.72 14.72
Class B................. (0.06) (0.54) -- (0.60) 0.71 14.68
Class C................. (0.07) (0.54) -- (0.61) 0.70 14.69
Class I................. (0.16) (0.54) -- (0.70) 0.69 14.68
Class Y................. (0.16) (0.54) -- (0.70) 0.71 14.78
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ (0.04) -- -- (0.04) 0.80 14.77
Class R4................ (0.05) -- -- (0.05) 0.80 14.77
Class R5................ (0.07) -- -- (0.07) 0.81 14.78
For the Year Ended
October 31, 2006
Class A................. (0.28) (0.03) -- (0.31) 1.91 14.00
Class B................. (0.17) (0.03) -- (0.20) 1.90 13.97
Class C................. (0.19) (0.03) -- (0.22) 1.91 13.99
Class Y................. (0.33) (0.03) -- (0.36) 1.92 14.07
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD DIVIDEND AND
GROWTH
FUND -- (CONTINUED)
For the Year Ended
October 31, 2004
Class A................. 12.53%(i) $ 1,838,567 1.23% 1.23% 1.23% 0.96% 25%
Class B................. 11.62 319,512 2.04 2.04 2.04 0.16 --
Class C................. 11.76(i) 277,706 1.90 1.90 1.90 0.29 --
Class Y................. 13.06 69,088 0.75 0.75 0.75 1.44 --
For the Year Ended
October 31, 2003
Class A................. 18.42 1,296,982 1.41 1.40 1.40 0.88 31
Class B................. 17.52 257,856 2.14 2.13 2.13 0.16 --
Class C................. 17.67 230,348 2.02 2.02 2.02 0.27 --
Class Y................. 19.03 42,107 0.81 0.81 0.81 1.44 --
For the Year Ended
October 31, 2002(h)
Class A................. (10.64) 808,633 1.46 1.40 1.40 0.78 33
Class B................. (11.15) 185,731 2.13 2.10 2.10 0.08 --
Class C................. (11.08) 164,260 2.02 2.02 2.02 0.15 --
Class Y................. (10.00) 14,790 0.82 0.82 0.82 1.36 --
THE HARTFORD EQUITY
GROWTH ALLOCATION
FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. 10.66(f) 148,750 0.69(e) 0.67(e) 0.67(e) 0.60(e) 41
Class B................. 10.29(f) 40,898 1.52(e) 1.33(e) 1.33(e) (0.05)(e) --
Class C................. 10.21(f) 63,064 1.42(e) 1.33(e) 1.33(e) (0.04)(e) --
Class I................. 10.79(f) 61 0.48(e) 0.34(e) 0.34(e) 0.38(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ 10.51(f) 10 1.14(e) 0.94(e) 0.94(e) (0.92)(e) --
Class R4................ 10.66(f) 11 0.80(e) 0.62(e) 0.62(e) (0.61)(e) --
Class R5................ 10.82(f) 11 0.54(e) 0.34(e) 0.34(e) (0.32)(e) --
For the Year Ended
October 31, 2006
Class A................. 16.18 116,198 0.79 0.72 0.72 (0.34) 14
Class B................. 15.43 33,295 1.62 1.37 1.37 (0.93) --
Class C................. 15.43 51,936 1.51 1.37 1.37 (0.92) --
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 5.00(f) 11 0.71(e) 0.48(e) 0.48(e) (0.45)(e) --
For the Year Ended
October 31, 2005
Class A................. 10.60 58,087 0.85 0.68 0.68 (0.43) 9
Class B................. 9.88 20,155 1.64 1.33 1.33 (1.08) --
Class C................. 9.88 32,718 1.53 1.34 1.34 (1.08) --
From (commencement of
operations) May 28,
2004, through October
31, 2004
Class A................. 3.80(f) 12,415 0.86(e) 0.67(e) 0.67(e) (0.58)(e) 3
Class B................. 3.50(f) 4,532 1.69(e) 1.32(e) 1.32(e) (1.23)(e) --
Class C................. 3.50(f) 5,424 1.59(e) 1.32(e) 1.32(e) (1.23)(e) --
THE HARTFORD EQUITY
INCOME FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 10.27(f) 671,200 1.22(e) 1.12(e) 1.12(e) 1.95(e) 12
Class B................. 9.77(f) 51,445 2.06(e) 1.96(e) 1.96(e) 1.12(e) --
Class C................. 9.75(f) 71,025 1.94(e) 1.84(e) 1.84(e) 1.25(e) --
Class I................. 10.37(f) 620 0.93(e) 0.83(e) 0.83(e) 2.12(e) --
Class Y................. 10.44(f) 131,394 0.83(e) 0.73(e) 0.73(e) 2.27(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 10.12(f) 10 1.72(e) 1.60(e) 1.60(e) 1.38(e) --
Class R4................ 10.20(f) 10 1.41(e) 1.30(e) 1.30(e) 1.68(e) --
Class R5................ 10.36(f) 11 1.12(e) 1.00(e) 1.00(e) 1.98(e) --
For the Year Ended
October 31, 2006
Class A................. 18.70 529,664 1.30 1.00 1.00 2.02 24
Class B................. 17.67 43,198 2.14 1.84 1.84 1.19 --
Class C................. 17.88 61,572 2.01 1.71 1.71 1.33 --
Class Y................. 19.18 7,593 0.88 0.58 0.58 2.26 --
</Table>
351
HARTFORD MUTUAL FUNDS, INC. AND HARTFORD MUTUAL FUNDS II, INC.
FINANCIAL HIGHLIGHTS -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD EQUITY
INCOME
FUND -- (CONTINUED)
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. $13.52 $ 0.08 $ -- $ 0.46 $ 0.54
For the Year Ended
October 31, 2005
Class A................. 11.28 0.27 -- 0.82 1.09
Class B................. 11.26 0.17 -- 0.82 0.99
Class C................. 11.27 0.20 -- 0.81 1.01
Class Y................. 11.33 0.32 -- 0.83 1.15
For the Year Ended
October 31, 2004
Class A................. 10.37 0.21 -- 0.90 1.11
Class B................. 10.36 0.13 -- 0.89 1.02
Class C................. 10.36 0.15 -- 0.89 1.04
Class Y................. 10.39 0.24 -- 0.95 1.19
From inception August
28, 2003, through
October 31, 2003
Class A................. 10.00 0.02 -- 0.35 0.37
Class B................. 10.00 0.01 -- 0.35 0.36
Class C................. 10.00 0.01 -- 0.35 0.36
Class Y................. 10.00 0.04 -- 0.35 0.39
THE HARTFORD FLOATING
RATE FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 10.11 0.33 -- 0.05 0.38
Class B................. 10.11 0.29 -- 0.04 0.33
Class C................. 10.11 0.29 -- 0.04 0.33
Class I................. 10.11 0.35 -- 0.04 0.39
Class Y................. 10.11 0.34 -- 0.04 0.38
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 10.09 0.22 -- 0.04 0.26
Class R4................ 10.09 0.23 -- 0.04 0.27
Class R5................ 10.09 0.35 -- (0.06) 0.29
For the Year Ended
October 31, 2006
Class A................. 10.09 0.62 -- 0.02 0.64
Class B................. 10.08 0.54 -- 0.03 0.57
Class C................. 10.08 0.55 -- 0.03 0.58
Class Y................. 10.08 0.66 -- 0.02 0.68
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 10.11 0.12 -- -- 0.12
From (commencement of
operations) April 29,
2005, through October
31, 2005
Class A................. 10.00 0.22 -- 0.08 0.30
Class B................. 10.00 0.19 -- 0.08 0.27
Class C................. 10.00 0.18 -- 0.09 0.27
Class Y................. 10.00 0.23 -- 0.08 0.31
THE HARTFORD FUNDAMENTAL
GROWTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 11.02 (0.01) 0.04 1.00 1.03
Class B................. 10.66 (0.05) 0.04 0.97 0.96
Class C................. 10.67 (0.05) 0.04 0.96 0.95
Class Y................. 11.22 0.02 0.04 1.01 1.07
For the Year Ended
October 31, 2006
Class A................. 10.26 0.02 -- 0.81 0.83
Class B................. 9.94 (0.06) -- 0.78 0.72
Class C................. 9.94 (0.07) -- 0.80 0.73
Class Y................. 10.44 0.04 -- 0.85 0.89
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD EQUITY
INCOME
FUND -- (CONTINUED)
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. $ (0.07) $ -- $ -- $ (0.07) $ 0.47 $13.99
For the Year Ended
October 31, 2005
Class A................. (0.26) (0.02) -- (0.28) 0.81 12.09
Class B................. (0.16) (0.02) -- (0.18) 0.81 12.07
Class C................. (0.18) (0.02) -- (0.20) 0.81 12.08
Class Y................. (0.31) (0.02) -- (0.33) 0.82 12.15
For the Year Ended
October 31, 2004
Class A................. (0.20) -- -- (0.20) 0.91 11.28
Class B................. (0.12) -- -- (0.12) 0.90 11.26
Class C................. (0.13) -- -- (0.13) 0.91 11.27
Class Y................. (0.25) -- -- (0.25) 0.94 11.33
From inception August
28, 2003, through
October 31, 2003
Class A................. -- -- -- -- 0.37 10.37
Class B................. -- -- -- -- 0.36 10.36
Class C................. -- -- -- -- 0.36 10.36
Class Y................. -- -- -- -- 0.39 10.39
THE HARTFORD FLOATING
RATE FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.34) -- -- (0.34) 0.04 10.15
Class B................. (0.30) -- -- (0.30) 0.03 10.14
Class C................. (0.30) -- -- (0.30) 0.03 10.14
Class I................. (0.35) -- -- (0.35) 0.04 10.15
Class Y................. (0.35) -- -- (0.35) 0.03 10.14
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ (0.21) -- -- (0.21) 0.05 10.14
Class R4................ (0.22) -- -- (0.22) 0.05 10.14
Class R5................ (0.23) -- -- (0.23) 0.06 10.15
For the Year Ended
October 31, 2006
Class A................. (0.62) -- -- (0.62) 0.02 10.11
Class B................. (0.54) -- -- (0.54) 0.03 10.11
Class C................. (0.55) -- -- (0.55) 0.03 10.11
Class Y................. (0.65) -- -- (0.65) 0.03 10.11
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. (0.12) -- -- (0.12) -- 10.11
From (commencement of
operations) April 29,
2005, through October
31, 2005
Class A................. (0.21) -- -- (0.21) 0.09 10.09
Class B................. (0.19) -- -- (0.19) 0.08 10.08
Class C................. (0.19) -- -- (0.19) 0.08 10.08
Class Y................. (0.23) -- -- (0.23) 0.08 10.08
THE HARTFORD FUNDAMENTAL
GROWTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. -- -- -- -- 1.03 12.05
Class B................. -- -- -- -- 0.96 11.62
Class C................. -- -- -- -- 0.95 11.62
Class Y................. -- -- -- -- 1.07 12.29
For the Year Ended
October 31, 2006
Class A................. (0.07) -- -- (0.07) 0.76 11.02
Class B................. -- -- -- -- 0.72 10.66
Class C................. -- -- -- -- 0.73 10.67
Class Y................. (0.11) -- -- (0.11) 0.78 11.22
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD EQUITY
INCOME
FUND -- (CONTINUED)
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 4.05%(f) $ 106 1.37%(e) 0.80%(e) 0.80%(e) 1.32%(e) --
For the Year Ended
October 31, 2005
Class A................. 9.74 379,604 1.34 0.51 0.51 2.41 23%
Class B................. 8.84 33,989 2.18 1.38 1.38 1.53 --
Class C................. 9.00 53,435 2.03 1.23 1.23 1.70 --
Class Y................. 10.22 784 0.91 0.11 0.11 2.79 --
For the Year Ended
October 31, 2004
Class A................. 10.82 211,826 1.40 0.56 0.56 2.26 22
Class B................. 9.93 18,438 2.20 1.37 1.37 1.46 --
Class C................. 10.12 44,043 2.02 1.19 1.19 1.64 --
Class Y................. 11.53 375 0.91 0.11 0.11 2.73 --
From inception August
28, 2003, through
October 31, 2003
Class A................. 3.70(f) 26,649 1.53(e) 0.73(e) 0.73(e) 1.81(e) 1
Class B................. 3.60(f) 2,421 2.27(e) 1.47(e) 1.47(e) 1.10(e) --
Class C................. 3.60(f) 7,639 2.15(e) 1.35(e) 1.35(e) 1.23(e) --
Class Y................. 3.90(f) 104 0.93(e) 0.13(e) 0.13(e) 2.17(e) --
THE HARTFORD FLOATING
RATE FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 3.78(f) 2,245,722 0.93(e) 0.93(e) 0.93(e) 6.65(e) 17
Class B................. 3.28(f) 62,419 1.77(e) 1.75(e) 1.75(e) 5.83(e) --
Class C................. 3.32(f) 1,602,837 1.71(e) 1.71(e) 1.71(e) 5.89(e) --
Class I................. 3.95(f) 483,131 0.68(e) 0.68(e) 0.68(e) 6.96(e) --
Class Y................. 3.83(f) 77,309 0.65(e) 0.65(e) 0.65(e) 6.94(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 3.62(f) 35 1.52(e) 1.25(e) 1.25(e) 6.38(e) --
Class R4................ 3.70(f) 10 1.22(e) 0.97(e) 0.97(e) 6.57(e) --
Class R5................ 3.88(f) 10 0.88(e) 0.85(e) 0.85(e) 6.57(e) --
For the Year Ended
October 31, 2006
Class A................. 6.56 1,500,394 0.98 0.50 0.50 6.71 33
Class B................. 5.79 42,182 1.83 1.35 1.35 5.84 --
Class C................. 5.86 828,910 1.77 1.28 1.28 5.93 --
Class Y................. 7.00 50,896 0.65 0.15 0.15 6.89 --
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 1.21(f) 61,805 0.74(e) 0.43(e) 0.43(e) 7.99(e) --
From (commencement of
operations) April 29,
2005, through October
31, 2005
Class A................. 3.06(f) 169,485 1.03(e) 0.29(e) 0.29(e) 5.68(e) 15
Class B................. 2.66(f) 5,659 1.89(e) 1.04(e) 1.04(e) 4.91(e) --
Class C................. 2.67(f) 92,710 1.79(e) 1.02(e) 1.02(e) 5.03(e) --
Class Y................. 3.10(f) 10,062 0.73(e) 0.01(e) 0.01(e) 6.06(e) --
THE HARTFORD FUNDAMENTAL
GROWTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 9.35(f)(i) 37,240 1.56(e) 1.45(e) 1.45(e) (0.13)(e) 108
Class B................. 9.01(f)(i) 12,634 2.35(e) 2.20(e) 2.20(e) (0.88)(e) --
Class C................. 8.90(f)(i) 12,169 2.28(e) 2.20(e) 2.20(e) (0.88)(e) --
Class Y................. 9.54(f)(i) 355 1.06(e) 1.05(e) 1.05(e) 0.31(e) --
For the Year Ended
October 31, 2006
Class A................. 8.07 40,215 1.68 1.50 1.50 0.14 123
Class B................. 7.24 13,162 2.47 2.25 2.25 (0.61) --
Class C................. 7.34 13,065 2.39 2.25 2.25 (0.61) --
Class Y................. 8.57 487 1.18 1.07 1.07 0.56 --
</Table>
The accompanying notes are an integral part of these financial statements.
352
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD FUNDAMENTAL
GROWTH
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. $ 9.14 $ 0.08 $ -- $ 1.04 $ 1.12
Class B................. 8.92 (0.01) -- 1.03 1.02
Class C................. 8.92 (0.01) -- 1.03 1.02
Class Y................. 9.28 0.13 -- 1.06 1.19
For the Year Ended
October 31, 2004
Class A................. 8.94 (0.02) -- 0.22 0.20
Class B................. 8.79 (0.10) -- 0.23 0.13
Class C................. 8.78 (0.08) 0.01 0.23 0.16
Class Y................. 9.04 0.03 -- 0.21 0.24
For the Year Ended
October 31, 2003
Class A................. 7.32 (0.02) -- 1.64 1.62
Class B................. 7.25 (0.08) -- 1.62 1.54
Class C................. 7.24 (0.08) -- 1.62 1.54
Class Y................. 7.37 0.01 -- 1.66 1.67
For the Year Ended
October 31, 2002(h)
Class A................. 8.82 (0.05) -- (1.45) (1.50)
Class B................. 8.79 (0.12) -- (1.42) (1.54)
Class C................. 8.79 (0.12) -- (1.43) (1.55)
Class Y................. 8.83 -- -- (1.46) (1.46)
THE HARTFORD GLOBAL
COMMUNICATIONS FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 8.05 0.03 -- 1.17 1.20
Class B................. 7.81 -- -- 1.14 1.14
Class C................. 7.80 0.01 -- 1.13 1.14
Class Y................. 8.23 0.07 -- 1.18 1.25
For the Year Ended
October 31, 2006
Class A................. 7.12 0.15 -- 0.88 1.03
Class B................. 6.92 0.09 -- 0.87 0.96
Class C................. 6.91 0.06 -- 0.88 0.94
Class Y................. 7.27 0.17 -- 0.92 1.09
For the Year Ended
October 31, 2005
Class A................. 5.48 0.09 -- 1.60 1.69
Class B................. 5.34 0.05 -- 1.55 1.60
Class C................. 5.33 0.05 -- 1.55 1.60
Class Y................. 5.60 0.02 -- 1.73 1.75
For the Year Ended
October 31, 2004(h)
Class A................. 4.67 0.06 -- 0.75 0.81
Class B................. 4.58 0.02 -- 0.74 0.76
Class C................. 4.57 0.02 -- 0.74 0.76
Class Y................. 4.74 0.09 -- 0.77 0.86
For the Year Ended
October 31, 2003
Class A................. 3.24 (0.01) -- 1.44 1.43
Class B................. 3.19 (0.03) -- 1.42 1.39
Class C................. 3.19 (0.03) -- 1.41 1.38
Class Y................. 3.26 0.01 -- 1.47 1.48
For the Year Ended
October 31, 2002(h)
Class A................. 4.57 -- -- (1.33) (1.33)
Class B................. 4.54 (0.04) -- (1.31) (1.35)
Class C................. 4.54 (0.04) -- (1.31) (1.35)
Class Y................. 4.60 -- -- (1.34) (1.34)
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD FUNDAMENTAL
GROWTH
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. $ -- $ -- $ -- $ -- $ 1.12 $10.26
Class B................. -- -- -- -- 1.02 9.94
Class C................. -- -- -- -- 1.02 9.94
Class Y................. (0.03) -- -- (0.03) 1.16 10.44
For the Year Ended
October 31, 2004
Class A................. -- -- -- -- 0.20 9.14
Class B................. -- -- -- -- 0.13 8.92
Class C................. -- -- -- -- 0.16 8.94
Class Y................. -- -- -- -- 0.24 9.28
For the Year Ended
October 31, 2003
Class A................. -- -- -- -- 1.62 8.94
Class B................. -- -- -- -- 1.54 8.79
Class C................. -- -- -- -- 1.54 8.78
Class Y................. -- -- -- -- 1.67 9.04
For the Year Ended
October 31, 2002(h)
Class A................. -- -- -- -- (1.50) 7.32
Class B................. -- -- -- -- (1.54) 7.25
Class C................. -- -- -- -- (1.55) 7.24
Class Y................. -- -- -- -- (1.46) 7.37
THE HARTFORD GLOBAL
COMMUNICATIONS FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.13) (0.02) -- (0.15) 1.05 9.10
Class B................. (0.11) (0.02) -- (0.13) 1.01 8.82
Class C................. (0.11) (0.02) -- (0.13) 1.01 8.81
Class Y................. (0.18) (0.02) -- (0.20) 1.05 9.28
For the Year Ended
October 31, 2006
Class A................. (0.10) -- -- (0.10) 0.93 8.05
Class B................. (0.07) -- -- (0.07) 0.89 7.81
Class C................. (0.05) -- -- (0.05) 0.89 7.80
Class Y................. (0.13) -- -- (0.13) 0.96 8.23
For the Year Ended
October 31, 2005
Class A................. (0.05) -- -- (0.05) 1.64 7.12
Class B................. (0.02) -- -- (0.02) 1.58 6.92
Class C................. (0.02) -- -- (0.02) 1.58 6.91
Class Y................. (0.08) -- -- (0.08) 1.67 7.27
For the Year Ended
October 31, 2004(h)
Class A................. -- -- -- -- 0.81 5.48
Class B................. -- -- -- -- 0.76 5.34
Class C................. -- -- -- -- 0.76 5.33
Class Y................. -- -- -- -- 0.86 5.60
For the Year Ended
October 31, 2003
Class A................. -- -- -- -- 1.43 4.67
Class B................. -- -- -- -- 1.39 4.58
Class C................. -- -- -- -- 1.38 4.57
Class Y................. -- -- -- -- 1.48 4.74
For the Year Ended
October 31, 2002(h)
Class A................. -- -- -- -- (1.33) 3.24
Class B................. -- -- -- -- (1.35) 3.19
Class C................. -- -- -- -- (1.35) 3.19
Class Y................. -- -- -- -- (1.34) 3.26
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD FUNDAMENTAL
GROWTH
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. 12.31% $ 50,067 1.65% 1.60%(i) 1.60%(i) 0.68% 112%
Class B................. 11.44 15,156 2.45 2.35(i) 2.35(i) (0.09) --
Class C................. 11.44 16,737 2.36 2.35(i) 2.35(i) (0.05) --
Class Y................. 12.86 473 1.16 1.16(i) 1.16(i) 1.27 --
For the Year Ended
October 31, 2004
Class A................. 2.24(i) 67,212 1.62 1.62(i) 1.62(i) (0.25) 104
Class B................. 1.48(i) 18,610 2.36 2.35(i) 2.35(i) (0.98) --
Class C................. 1.59(i) 23,901 2.28 2.28(i) 2.28(i) (0.91) --
Class Y................. 2.65 815 1.11 1.11(i) 1.11(i) 0.27 --
For the Year Ended
October 31, 2003
Class A................. 22.13 70,002 1.76 1.65 1.65 (0.29) 138
Class B................. 21.24 21,058 2.49 2.35 2.35 (1.00) --
Class C................. 21.27 27,158 2.36 2.35 2.35 (0.99) --
Class Y................. 22.66 719 1.17 1.17 1.17 0.17 --
For the Year Ended
October 31, 2002(h)
Class A................. (17.01) 66,432 1.76 1.65 1.65 (0.53) 215
Class B................. (17.52) 18,862 2.43 2.35 2.35 (1.23) --
Class C................. (17.63) 25,847 2.34 2.34 2.34 (1.22) --
Class Y................. (16.54) 509 1.14 1.14 1.14 0.09 --
THE HARTFORD GLOBAL
COMMUNICATIONS FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 15.12(f)(i) 22,601 1.67(e) 1.60(e) 1.60(e) 0.81(e) 59
Class B................. 14.73(f)(i) 5,059 2.55(e) 2.28(e) 2.28(e) 0.12(e) --
Class C................. 14.78(f)(i) 7,309 2.40(e) 2.35(e) 2.35(e) 0.09(e) --
Class Y................. 15.35(f)(i) 1,271 1.15(e) 1.15(e) 1.15(e) 1.30(e) --
For the Year Ended
October 31, 2006
Class A................. 14.60 17,091 1.89 1.15 1.15 1.83 104
Class B................. 13.93 4,124 2.87 1.78 1.78 1.18 --
Class C................. 13.74 5,321 2.74 1.90 1.90 1.01 --
Class Y................. 15.14 992 1.41 0.75 0.75 2.09 --
For the Year Ended
October 31, 2005
Class A................. 31.01 15,986 2.01 1.51 1.51 1.75 45
Class B................. 29.92 2,815 3.22 2.26 2.26 1.02 --
Class C................. 29.97 2,765 2.94 2.25 2.25 1.08 --
Class Y................. 31.36 638 1.36 1.06 1.06 2.10 --
For the Year Ended
October 31, 2004(h)
Class A................. 17.34 8,929 1.93 1.65 1.65 1.08 85
Class B................. 16.59 1,482 3.32 2.35 2.35 0.37 --
Class C................. 16.63 1,306 2.97 2.35 2.35 0.43 --
Class Y................. 18.14 170 1.30 1.20 1.20 1.69 --
For the Year Ended
October 31, 2003
Class A................. 44.14 6,419 1.95 1.65 1.65 (0.08) 100
Class B................. 43.57 1,555 2.68 2.35 2.35 (0.79) --
Class C................. 43.26 1,305 2.55 2.35 2.35 (0.77) --
Class Y................. 45.40 724 1.35 1.20 1.20 0.38 --
For the Year Ended
October 31, 2002(h)
Class A................. (29.10) 3,506 2.03 1.65 1.65 (0.10) 84
Class B................. (29.74) 846 2.70 2.35 2.35 (0.80) --
Class C................. (29.74) 736 2.57 2.35 2.35 (0.78) --
Class Y................. (29.13) 481 1.27 1.20 1.20 0.40 --
</Table>
353
HARTFORD MUTUAL FUNDS, INC. AND HARTFORD MUTUAL FUNDS II, INC.
FINANCIAL HIGHLIGHTS -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD GLOBAL
FINANCIAL SERVICES FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $14.01 $ 0.09 $ -- $ 1.08 $ 1.17
Class B................. 13.74 0.04 -- 1.06 1.10
Class C................. 13.73 0.03 -- 1.06 1.09
Class Y................. 14.16 0.10 -- 1.12 1.22
For the Year Ended
October 31, 2006
Class A................. 11.60 0.12 -- 2.40 2.52
Class B................. 11.39 0.08 -- 2.31 2.39
Class C................. 11.39 0.05 -- 2.32 2.37
Class Y................. 11.73 0.19 -- 2.40 2.59
For the Year Ended
October 31, 2005
Class A................. 10.44 0.11 -- 1.18 1.29
Class B................. 10.26 0.01 -- 1.18 1.19
Class C................. 10.26 0.02 -- 1.17 1.19
Class Y................. 10.55 0.12 -- 1.24 1.36
For the Year Ended
October 31, 2004(h)
Class A................. 9.71 0.12 -- 0.69 0.81
Class B................. 9.55 0.05 -- 0.69 0.74
Class C................. 9.55 0.05 -- 0.69 0.74
Class Y................. 9.79 0.17 -- 0.71 0.88
For the Year Ended
October 31, 2003
Class A................. 8.03 0.07 -- 1.65 1.72
Class B................. 7.92 0.02 -- 1.61 1.63
Class C................. 7.92 0.02 -- 1.61 1.63
Class Y................. 8.10 0.13 -- 1.64 1.77
For the Year Ended
October 31, 2002(h)
Class A................. 9.37 0.04 -- (1.38) (1.34)
Class B................. 9.30 (0.02) -- (1.36) (1.38)
Class C................. 9.30 (0.02) -- (1.36) (1.38)
Class Y................. 9.41 0.08 -- (1.39) (1.31)
THE HARTFORD GLOBAL
HEALTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 17.84 (0.02) -- 1.55 1.53
Class B................. 16.92 (0.10) -- 1.47 1.37
Class C................. 16.93 (0.07) -- 1.45 1.38
Class I................. 17.86 0.01 -- 1.59 1.60
Class Y................. 18.57 0.02 -- 1.62 1.64
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 18.27 (0.02) -- 1.22 1.20
Class R4................ 18.27 (0.01) -- 1.23 1.22
Class R5................ 18.27 0.01 -- 1.23 1.24
For the Year Ended
October 31, 2006
Class A................. 16.50 (0.07) -- 2.41 2.34
Class B................. 15.81 (0.20) -- 2.31 2.11
Class C................. 15.81 (0.18) -- 2.30 2.12
Class Y................. 17.05 (0.01) -- 2.53 2.52
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 17.34 -- -- 0.52 0.52
For the Year Ended
October 31, 2005
Class A................. 15.00 (0.08) -- 2.35 2.27
Class B................. 14.50 (0.20) -- 2.28 2.08
Class C................. 14.51 (0.19) -- 2.26 2.07
Class Y................. 15.41 (0.01) -- 2.42 2.41
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD GLOBAL
FINANCIAL SERVICES FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $ (0.11) $(0.85) $ -- $ (0.96) $ 0.21 $14.22
Class B................. (0.02) (0.85) -- (0.87) 0.23 13.97
Class C................. (0.04) (0.85) -- (0.89) 0.20 13.93
Class Y................. (0.15) (0.85) -- (1.00) 0.22 14.38
For the Year Ended
October 31, 2006
Class A................. (0.11) -- -- (0.11) 2.41 14.01
Class B................. (0.04) -- -- (0.04) 2.35 13.74
Class C................. (0.03) -- -- (0.03) 2.34 13.73
Class Y................. (0.16) -- -- (0.16) 2.43 14.16
For the Year Ended
October 31, 2005
Class A................. (0.13) -- -- (0.13) 1.16 11.60
Class B................. (0.06) -- -- (0.06) 1.13 11.39
Class C................. (0.06) -- -- (0.06) 1.13 11.39
Class Y................. (0.18) -- -- (0.18) 1.18 11.73
For the Year Ended
October 31, 2004(h)
Class A................. (0.08) -- -- (0.08) 0.73 10.44
Class B................. (0.03) -- -- (0.03) 0.71 10.26
Class C................. (0.03) -- -- (0.03) 0.71 10.26
Class Y................. (0.12) -- -- (0.12) 0.76 10.55
For the Year Ended
October 31, 2003
Class A................. (0.04) -- -- (0.04) 1.68 9.71
Class B................. -- -- -- -- 1.63 9.55
Class C................. -- -- -- -- 1.63 9.55
Class Y................. (0.08) -- -- (0.08) 1.69 9.79
For the Year Ended
October 31, 2002(h)
Class A................. -- -- -- -- (1.34) 8.03
Class B................. -- -- -- -- (1.38) 7.92
Class C................. -- -- -- -- (1.38) 7.92
Class Y................. -- -- -- -- (1.31) 8.10
THE HARTFORD GLOBAL
HEALTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. -- (0.68) -- (0.68) 0.85 18.69
Class B................. -- (0.68) -- (0.68) 0.69 17.61
Class C................. -- (0.68) -- (0.68) 0.70 17.63
Class I................. -- (0.68) -- (0.68) 0.92 18.78
Class Y................. -- (0.68) -- (0.68) 0.96 19.53
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ -- -- -- -- 1.20 19.47
Class R4................ -- -- -- -- 1.22 19.49
Class R5................ -- -- -- -- 1.24 19.51
For the Year Ended
October 31, 2006
Class A................. -- (1.00) -- (1.00) 1.34 17.84
Class B................. -- (1.00) -- (1.00) 1.11 16.92
Class C................. -- (1.00) -- (1.00) 1.12 16.93
Class Y................. -- (1.00) -- (1.00) 1.52 18.57
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. -- -- -- -- 0.52 17.86
For the Year Ended
October 31, 2005
Class A................. -- (0.77) -- (0.77) 1.50 16.50
Class B................. -- (0.77) -- (0.77) 1.31 15.81
Class C................. -- (0.77) -- (0.77) 1.30 15.81
Class Y................. -- (0.77) -- (0.77) 1.64 17.05
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD GLOBAL
FINANCIAL SERVICES FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 8.88%(f)(i) $ 23,529 1.60%(e) 1.60%(e) 1.60%(e) 1.29%(e) 49%
Class B................. 8.53(f)(i) 4,118 2.60(e) 2.21(e) 2.21(e) 0.63(e) --
Class C................. 8.43(f)(i) 5,183 2.42(e) 2.35(e) 2.35(e) 0.54(e) --
Class Y................. 9.14(f)(i) 1,556 1.13(e) 1.13(e) 1.13(e) 1.87(e) --
For the Year Ended
October 31, 2006
Class A................. 21.87 21,369 1.80 1.15 1.15 1.11 52
Class B................. 21.06 3,828 2.81 1.78 1.78 0.49 --
Class C................. 20.88 4,082 2.65 1.90 1.90 0.35 --
Class Y................. 22.24 942 1.34 0.75 0.75 1.52 --
For the Year Ended
October 31, 2005
Class A................. 12.39 13,958 1.88 1.51 1.51 0.91 33
Class B................. 11.58 3,147 2.91 2.28 2.28 0.15 --
Class C................. 11.58 2,769 2.77 2.27 2.27 0.16 --
Class Y................. 12.91 773 1.36 1.09 1.09 1.30 --
For the Year Ended
October 31, 2004(h)
Class A................. 8.42 12,910 1.78 1.65 1.65 1.17 85
Class B................. 7.71 3,043 2.80 2.35 2.35 0.44 --
Class C................. 7.71 2,459 2.68 2.35 2.35 0.44 --
Class Y................. 9.06 642 1.27 1.20 1.20 1.54 --
For the Year Ended
October 31, 2003
Class A................. 21.48 12,652 1.90 1.65 1.65 0.93 93
Class B................. 20.58 3,681 2.62 2.35 2.35 0.22 --
Class C................. 20.58 3,197 2.50 2.35 2.35 0.23 --
Class Y................. 22.01 1,580 1.31 1.20 1.20 1.38 --
For the Year Ended
October 31, 2002(h)
Class A................. (14.30) 9,739 1.98 1.65 1.65 0.51 76
Class B................. (14.84) 2,755 2.68 2.35 2.35 (0.20) --
Class C................. (14.84) 2,548 2.54 2.35 2.35 (0.20) --
Class Y................. (13.92) 1,435 1.25 1.20 1.20 0.96 --
THE HARTFORD GLOBAL
HEALTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 9.03(f)(i) 472,439 1.41(e) 1.41(e) 1.41(e) (0.24)(e) 20
Class B................. 8.55(f)(i) 84,540 2.31(e) 2.29(e) 2.29(e) (1.14)(e) --
Class C................. 8.61(f)(i) 122,580 2.15(e) 2.15(e) 2.15(e) (0.97)(e) --
Class I................. 9.43(f)(i) 4,490 1.05(e) 1.05(e) 1.05(e) 0.10(e) --
Class Y................. 9.28(f)(i) 210,853 0.95(e) 0.95(e) 0.95(e) 0.21(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 8.94(f) 22 1.93(e) 1.86(e) 1.86(e) (0.50)(e) --
Class R4................ 9.05(f) 11 1.55(e) 1.53(e) 1.53(e) (0.18)(e) --
Class R5................ 9.16(f) 11 1.25(e) 1.24(e) 1.24(e) 0.09(e) --
For the Year Ended
October 31, 2006
Class A................. 14.96 370,285 1.61 1.60 1.60 (0.53) 30
Class B................. 14.10 80,574 2.45 2.32 2.32 (1.27) --
Class C................. 14.17 97,956 2.31 2.31 2.31 (1.25) --
Class Y................. 15.56 192,814 1.08 1.08 1.08 (0.03) --
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 3.00(f) 785 1.26(e) 1.15(e) 1.15(e) (0.20)(e) --
For the Year Ended
October 31, 2005
Class A................. 15.67 209,835 1.71 1.60 1.60 (0.55) 50
Class B................. 14.86 71,204 2.52 2.35 2.35 (1.30) --
Class C................. 14.78 72,546 2.36 2.35 2.35 (1.30) --
Class Y................. 16.19 169,698 1.08 1.08 1.08 (0.12) --
</Table>
The accompanying notes are an integral part of these financial statements.
354
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD GLOBAL
HEALTH
FUND -- (CONTINUED)
For the Year Ended
October 31, 2004
Class A................. $13.80 $ (0.10) $ -- $ 1.36 $ 1.26
Class B................. 13.43 (0.20) -- 1.33 1.13
Class C................. 13.44 (0.20) -- 1.33 1.13
Class Y................. 14.09 (0.02) -- 1.40 1.38
For the Year Ended
October 31, 2003
Class A................. 11.42 (0.07) -- 2.75 2.68
Class B................. 11.20 (0.15) -- 2.68 2.53
Class C................. 11.21 (0.15) -- 2.68 2.53
Class Y................. 11.61 (0.02) -- 2.80 2.78
For the Year Ended
October 31, 2002(h)
Class A................. 13.47 (0.09) -- (1.68) (1.77)
Class B................. 13.31 (0.18) -- (1.65) (1.83)
Class C................. 13.32 (0.18) -- (1.65) (1.83)
Class Y................. 13.58 (0.02) -- (1.67) (1.69)
THE HARTFORD GLOBAL
LEADERS FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 19.35 (0.06) 0.05 1.74 1.73
Class B................. 18.23 (0.14) 0.05 1.65 1.56
Class C................. 18.31 (0.13) 0.05 1.65 1.57
Class Y................. 20.14 -- 0.05 1.82 1.87
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 20.00 (0.06) -- 1.03 0.97
Class R4................ 20.00 (0.04) -- 1.03 0.99
Class R5................ 20.00 (0.02) -- 1.03 1.01
For the Year Ended
October 31, 2006(h)
Class A................. 16.80 (0.05) -- 2.81 2.76
Class B................. 15.93 (0.17) -- 2.66 2.49
Class C................. 16.01 (0.17) -- 2.66 2.49
Class Y................. 17.46 0.06 -- 2.91 2.97
For the Year Ended
October 31, 2005
Class A................. 16.49 0.08 -- 0.23 0.31
Class B................. 15.77 (0.08) -- 0.24 0.16
Class C................. 15.84 (0.06) -- 0.23 0.17
Class Y................. 17.06 0.13 -- 0.27 0.40
For the Year Ended
October 31, 2004
Class A................. 13.96 (0.06) -- 2.59 2.53
Class B................. 13.45 (0.17) -- 2.49 2.32
Class C................. 13.49 (0.15) -- 2.50 2.35
Class Y................. 14.34 0.03 -- 2.69 2.72
For the Year Ended
October 31, 2003
Class A................. 11.21 (0.03) -- 2.78 2.75
Class B................. 10.88 (0.12) -- 2.69 2.57
Class C................. 10.90 (0.11) -- 2.70 2.59
Class Y................. 11.45 0.03 -- 2.86 2.89
For the Year Ended
October 31, 2002(h)
Class A................. 12.83 0.02 -- (1.64) (1.62)
Class B................. 12.54 (0.07) -- (1.59) (1.66)
Class C................. 12.55 (0.06) -- (1.59) (1.65)
Class Y................. 13.03 0.05 -- (1.63) (1.58)
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD GLOBAL
HEALTH
FUND -- (CONTINUED)
For the Year Ended
October 31, 2004
Class A................. $ -- $(0.06) $ -- $ (0.06) $ 1.20 $15.00
Class B................. -- (0.06) -- (0.06) 1.07 14.50
Class C................. -- (0.06) -- (0.06) 1.07 14.51
Class Y................. -- (0.06) -- (0.06) 1.32 15.41
For the Year Ended
October 31, 2003
Class A................. -- (0.30) -- (0.30) 2.38 13.80
Class B................. -- (0.30) -- (0.30) 2.23 13.43
Class C................. -- (0.30) -- (0.30) 2.23 13.44
Class Y................. -- (0.30) -- (0.30) 2.48 14.09
For the Year Ended
October 31, 2002(h)
Class A................. -- (0.28) -- (0.28) (2.05) 11.42
Class B................. -- (0.28) -- (0.28) (2.11) 11.20
Class C................. -- (0.28) -- (0.28) (2.11) 11.21
Class Y................. -- (0.28) -- (0.28) (1.97) 11.61
THE HARTFORD GLOBAL
LEADERS FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. -- (0.98) -- (0.98) 0.75 20.10
Class B................. -- (0.98) -- (0.98) 0.58 18.81
Class C................. -- (0.98) -- (0.98) 0.59 18.90
Class Y................. -- (0.98) -- (0.98) 0.89 21.03
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ -- -- -- -- 0.97 20.97
Class R4................ -- -- -- -- 0.99 20.99
Class R5................ -- -- -- -- 1.01 21.01
For the Year Ended
October 31, 2006(h)
Class A................. (0.02) (0.19) -- (0.21) 2.55 19.35
Class B................. -- (0.19) -- (0.19) 2.30 18.23
Class C................. -- (0.19) -- (0.19) 2.30 18.31
Class Y................. (0.10) (0.19) -- (0.29) 2.68 20.14
For the Year Ended
October 31, 2005
Class A................. -- -- -- -- 0.31 16.80
Class B................. -- -- -- -- 0.16 15.93
Class C................. -- -- -- -- 0.17 16.01
Class Y................. -- -- -- -- 0.40 17.46
For the Year Ended
October 31, 2004
Class A................. -- -- -- -- 2.53 16.49
Class B................. -- -- -- -- 2.32 15.77
Class C................. -- -- -- -- 2.35 15.84
Class Y................. -- -- -- -- 2.72 17.06
For the Year Ended
October 31, 2003
Class A................. -- -- -- -- 2.75 13.96
Class B................. -- -- -- -- 2.57 13.45
Class C................. -- -- -- -- 2.59 13.49
Class Y................. -- -- -- -- 2.89 14.34
For the Year Ended
October 31, 2002(h)
Class A................. -- -- -- -- (1.62) 11.21
Class B................. -- -- -- -- (1.66) 10.88
Class C................. -- -- -- -- (1.65) 10.90
Class Y................. -- -- -- -- (1.58) 11.45
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD GLOBAL
HEALTH
FUND -- (CONTINUED)
For the Year Ended
October 31, 2004
Class A................. 9.21% $ 170,672 1.81% 1.65% 1.65% (0.68)% 41%
Class B................. 8.49 66,035 2.55 2.35 2.35 (1.38) --
Class C................. 8.49 61,390 2.37 2.35 2.35 (1.38) --
Class Y................. 9.88 1,299 1.12 1.12 1.12 (0.14) --
For the Year Ended
October 31, 2003
Class A................. 24.02 126,630 1.76 1.65 1.65 (0.62) 37
Class B................. 23.13 56,378 2.49 2.35 2.35 (1.31) --
Class C................. 23.11 51,606 2.36 2.35 2.35 (1.31) --
Class Y................. 24.50 1,095 1.19 1.19 1.19 (0.15) --
For the Year Ended
October 31, 2002(h)
Class A................. (13.43) 101,881 1.79 1.65 1.65 (0.70) 63
Class B................. (14.05) 45,659 2.48 2.35 2.35 (1.40) --
Class C................. (14.08) 43,042 2.35 2.35 2.35 (1.40) --
Class Y................. (12.68) 881 1.17 1.17 1.17 (0.22) --
THE HARTFORD GLOBAL
LEADERS FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 9.35(f)(i) 423,247 1.50(e) 1.48(e) 1.48(e) (0.64)(e) 50
Class B................. 8.97(f)(i) 71,955 2.43(e) 2.15(e) 2.15(e) (1.32)(e) --
Class C................. 8.99(f)(i) 65,711 2.17(e) 2.17(e) 2.17(e) (1.33)(e) --
Class Y................. 9.69(f)(i) 193,187 0.90(e) 0.90(e) 0.90(e) (0.02)(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 9.38(f) 10 1.79(e) 1.72(e) 1.72(e) (0.97)(e) --
Class R4................ 9.48(f) 10 1.48(e) 1.41(e) 1.41(e) (0.66)(e) --
Class R5................ 9.59(f) 11 1.19(e) 1.12(e) 1.12(e) (0.37)(e) --
For the Year Ended
October 31, 2006(h)
Class A................. 16.58 417,840 1.53 1.48 1.48 (0.25) 125
Class B................. 15.80 74,805 2.44 2.18 2.18 (0.95) --
Class C................. 15.72 66,121 2.20 2.20 2.20 (0.98) --
Class Y................. 17.25 169,270 0.93 0.93 0.93 0.31 --
For the Year Ended
October 31, 2005
Class A................. 1.88 419,648 1.58 1.48 1.48 0.41 270
Class B................. 1.02 78,986 2.51 2.35 2.35 (0.45) --
Class C................. 1.07 71,623 2.25 2.25 2.25 (0.34) --
Class Y................. 2.34 83,896 0.97 0.97 0.97 0.87 --
For the Year Ended
October 31, 2004
Class A................. 18.12 466,013 1.62 1.62 1.62 (0.36) 271
Class B................. 17.25 90,179 2.52 2.35 2.35 (1.09) --
Class C................. 17.42 87,518 2.24 2.24 2.24 (0.98) --
Class Y................. 18.97 58,791 0.93 0.93 0.93 0.31 --
For the Year Ended
October 31, 2003
Class A................. 24.53 464,610 1.62 1.61 1.61 (0.29) 320
Class B................. 23.62 78,923 2.36 2.35 2.35 (1.01) --
Class C................. 23.76 78,303 2.23 2.23 2.23 (0.89) --
Class Y................. 25.24 19,043 1.00 1.00 1.00 0.28 --
For the Year Ended
October 31, 2002(h)
Class A................. (12.63) 354,407 1.66 1.61 1.61 0.24 323
Class B................. (13.24) 70,280 2.33 2.33 2.33 (0.48) --
Class C................. (13.15) 75,174 2.21 2.21 2.21 (0.36) --
Class Y................. (12.13) 6,167 1.00 1.00 1.00 0.84 --
</Table>
355
HARTFORD MUTUAL FUNDS, INC. AND HARTFORD MUTUAL FUNDS II, INC.
FINANCIAL HIGHLIGHTS -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD GLOBAL
TECHNOLOGY FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $ 5.67 $ (0.03) $ -- $ 0.47 $ 0.44
Class B................. 5.41 (0.04) -- 0.43 0.39
Class C................. 5.40 (0.05) -- 0.43 0.38
Class Y................. 5.82 (0.02) -- 0.48 0.46
For the Year Ended
October 31, 2006
Class A................. 4.97 (0.04) -- 0.74 0.70
Class B................. 4.77 (0.08) -- 0.72 0.64
Class C................. 4.77 (0.09) -- 0.72 0.63
Class Y................. 5.09 (0.03) -- 0.76 0.73
For the Year Ended
October 31, 2005
Class A................. 4.42 -- -- 0.55 0.55
Class B................. 4.28 (0.04) -- 0.53 0.49
Class C................. 4.28 (0.04) -- 0.53 0.49
Class Y................. 4.51 0.03 -- 0.55 0.58
For the Year Ended
October 31, 2004
Class A................. 4.68 (0.07) -- (0.19) (0.26)
Class B................. 4.56 (0.10) -- (0.18) (0.28)
Class C................. 4.56 (0.11) -- (0.17) (0.28)
Class Y................. 4.75 (0.04) -- (0.20) (0.24)
For the Year Ended
October 31, 2003
Class A................. 2.98 (0.04) -- 1.74 1.70
Class B................. 2.92 (0.06) -- 1.70 1.64
Class C................. 2.92 (0.06) -- 1.70 1.64
Class Y................. 3.01 (0.03) -- 1.77 1.74
For the Year Ended
October 31, 2002(f)
Class A................. 4.01 (0.12) -- (0.91) (1.03)
Class B................. 3.96 (0.18) -- (0.86) (1.04)
Class C................. 3.97 (0.19) -- (0.86) (1.05)
Class Y................. 4.04 (0.14) -- (0.89) (1.03)
THE HARTFORD GROWTH
ALLOCATION FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 12.66 0.10 -- 0.99 1.09
Class B................. 12.57 0.05 -- 0.99 1.04
Class C................. 12.57 0.05 -- 0.98 1.03
Class I................. 12.67 0.21 -- 0.89 1.10
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 12.59 (0.02) -- 0.64 0.62
Class R4................ 12.59 (0.01) -- 0.65 0.64
Class R5................ 12.59 -- -- 0.65 0.65
For the Year Ended
October 31, 2006
Class A................. 11.27 0.07 -- 1.46 1.53
Class B................. 11.19 0.03 -- 1.42 1.45
Class C................. 11.19 0.03 -- 1.42 1.45
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 12.16 (0.01) -- 0.52 0.51
For the Year Ended
October 31, 2005
Class A................. 10.36 0.05 -- 0.89 0.94
Class B................. 10.34 (0.01) -- 0.87 0.86
Class C................. 10.33 (0.01) -- 0.88 0.87
From (commencement of
operations) May 28,
2004, through October
31, 2004
Class A................. 10.00 -- -- 0.36 0.36
Class B................. 10.00 (0.01) -- 0.35 0.34
Class C................. 10.00 (0.01) -- 0.34 0.33
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD GLOBAL
TECHNOLOGY FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $ -- $ -- $ -- $ -- $ 0.44 $ 6.11
Class B................. -- -- -- -- 0.39 5.80
Class C................. -- -- -- -- 0.38 5.78
Class Y................. -- -- -- -- 0.46 6.28
For the Year Ended
October 31, 2006
Class A................. -- -- -- -- 0.70 5.67
Class B................. -- -- -- -- 0.64 5.41
Class C................. -- -- -- -- 0.63 5.40
Class Y................. -- -- -- -- 0.73 5.82
For the Year Ended
October 31, 2005
Class A................. -- -- -- -- 0.55 4.97
Class B................. -- -- -- -- 0.49 4.77
Class C................. -- -- -- -- 0.49 4.77
Class Y................. -- -- -- -- 0.58 5.09
For the Year Ended
October 31, 2004
Class A................. -- -- -- -- (0.26) 4.42
Class B................. -- -- -- -- (0.28) 4.28
Class C................. -- -- -- -- (0.28) 4.28
Class Y................. -- -- -- -- (0.24) 4.51
For the Year Ended
October 31, 2003
Class A................. -- -- -- -- 1.70 4.68
Class B................. -- -- -- -- 1.64 4.56
Class C................. -- -- -- -- 1.64 4.56
Class Y................. -- -- -- -- 1.74 4.75
For the Year Ended
October 31, 2002(f)
Class A................. -- -- -- -- (1.03) 2.98
Class B................. -- -- -- -- (1.04) 2.92
Class C................. -- -- -- -- (1.05) 2.92
Class Y................. -- -- -- -- (1.03) 3.01
THE HARTFORD GROWTH
ALLOCATION FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.24) (0.28) -- (0.52) 0.57 13.23
Class B................. (0.17) (0.28) -- (0.45) 0.59 13.16
Class C................. (0.17) (0.28) -- (0.45) 0.58 13.15
Class I................. (0.30) (0.28) -- (0.58) 0.52 13.19
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ -- -- -- -- 0.62 13.21
Class R4................ -- -- -- -- 0.64 13.23
Class R5................ -- -- -- -- 0.65 13.24
For the Year Ended
October 31, 2006
Class A................. (0.13) (0.01) -- (0.14) 1.39 12.66
Class B................. (0.06) (0.01) -- (0.07) 1.38 12.57
Class C................. (0.06) (0.01) -- (0.07) 1.38 12.57
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. -- -- -- -- 0.51 12.67
For the Year Ended
October 31, 2005
Class A................. (0.03) -- -- (0.03) 0.91 11.27
Class B................. (0.01) -- -- (0.01) 0.85 11.19
Class C................. (0.01) -- -- (0.01) 0.86 11.19
From (commencement of
operations) May 28,
2004, through October
31, 2004
Class A................. -- -- -- -- 0.36 10.36
Class B................. -- -- -- -- 0.34 10.34
Class C................. -- -- -- -- 0.33 10.33
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD GLOBAL
TECHNOLOGY FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 7.76%(f)(i) $ 33,263 1.89%(e) 1.42%(e) 1.42%(e) (0.91)%(e) 60%
Class B................. 7.21(f)(i) 12,864 2.79(e) 1.99(e) 1.99(e) (1.49)(e) --
Class C................. 7.04(f)(i) 12,218 2.50(e) 2.29(e) 2.29(e) (1.79)(e) --
Class Y................. 7.90(f)(i) 1,684 1.09(e) 1.09(e) 1.09(e) (0.62)(e) --
For the Year Ended
October 31, 2006
Class A................. 14.08 33,424 2.10 1.36 1.36 (0.78) 144
Class B................. 13.42 12,729 2.96 1.99 1.99 (1.41) --
Class C................. 13.21 11,521 2.71 2.24 2.24 (1.67) --
Class Y................. 14.34 1,137 1.26 1.20 1.20 (0.62) --
For the Year Ended
October 31, 2005
Class A................. 12.44 27,620 2.22 1.60 1.60 -- 132
Class B................. 11.45 12,409 3.05 2.35 2.35 (0.79) --
Class C................. 11.45 10,712 2.75 2.35 2.35 (0.65) --
Class Y................. 12.86 938 1.22 1.20 1.20 0.58 --
For the Year Ended
October 31, 2004
Class A................. (5.56) 31,418 2.14 1.65 1.65 (1.37) 165
Class B................. (6.14) 12,978 2.96 2.35 2.35 (2.07) --
Class C................. (6.14) 13,891 2.62 2.35 2.35 (2.07) --
Class Y................. (5.05) 1,186 1.15 1.15 1.15 (0.85) --
For the Year Ended
October 31, 2003
Class A................. 57.05 32,388 1.77 1.65 1.65 (1.28) 163
Class B................. 56.16 13,991 2.50 2.35 2.35 (1.98) --
Class C................. 56.16 16,513 2.37 2.35 2.35 (1.99) --
Class Y................. 57.81 886 1.18 1.18 1.18 (0.82) --
For the Year Ended
October 31, 2002(f)
Class A................. (25.69) 18,321 1.86 1.65 1.65 (1.44) 174
Class B................. (26.26) 8,170 2.54 2.35 2.35 (2.14) --
Class C................. (26.45) 9,560 2.39 2.35 2.35 (2.15) --
Class Y................. (25.50) 512 1.15 1.15 1.15 (0.97) --
THE HARTFORD GROWTH
ALLOCATION FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 8.82(f) 443,505 0.59(e) 0.59(e) 0.59(e) 1.38(e) 44
Class B................. 8.43(f) 127,580 1.41(e) 1.29(e) 1.29(e) 0.70(e) --
Class C................. 8.39(f) 203,018 1.34(e) 1.28(e) 1.28(e) 0.75(e) --
Class I................. 8.97(f) 592 0.23(e) 0.23(e) 0.23(e) 0.67(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 8.65(f) 10 1.09(e) 0.96(e) 0.96(e) (0.53)(e) --
Class R4................ 8.82(f) 11 0.77(e) 0.65(e) 0.65(e) (0.22)(e) --
Class R5................ 8.90(f) 11 0.49(e) 0.35(e) 0.35(e) 0.08(e) --
For the Year Ended
October 31, 2006
Class A................. 13.64 370,088 0.69 0.67 0.67 0.49 13
Class B................. 12.96 107,818 1.51 1.32 1.32 (0.15) --
Class C................. 12.96 181,434 1.44 1.32 1.32 (0.16) --
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 4.19(f) 10 0.66(e) 0.42(e) 0.42(e) 0.16(e) --
For the Year Ended
October 31, 2005
Class A................. 9.12 205,331 0.72 0.64 0.64 0.42 1
Class B................. 8.37 65,739 1.53 1.29 1.29 (0.23) --
Class C................. 8.47 100,339 1.47 1.29 1.29 (0.23) --
From (commencement of
operations) May 28,
2004, through October
31, 2004
Class A................. 3.60(f) 43,279 0.72(e) 0.63(e) 0.63(e) 0.13(e) --
Class B................. 3.40(f) 14,177 1.52(e) 1.28(e) 1.28(e) (0.53)(e) --
Class C................. 3.30(f) 21,221 1.44(e) 1.28(e) 1.28(e) (0.52)(e) --
</Table>
The accompanying notes are an integral part of these financial statements.
356
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD GROWTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $18.45 $ (0.03) $ -- $ 1.11 $ 1.08
Class B................. 16.25 (0.09) -- 0.97 0.88
Class C................. 16.29 (0.08) -- 0.97 0.89
Class I................. 18.46 0.01 -- 1.10 1.11
Class L(k).............. 18.69 (0.03) -- 1.15 1.12
Class Y................. 18.89 0.02 -- 1.13 1.15
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 18.15 (0.04) -- 0.58 0.54
Class R4................ 18.15 (0.02) -- 0.58 0.56
Class R5................ 18.15 -- -- 0.58 0.58
For the Year Ended
October 31, 2006
Class A................. 17.32 (0.07) -- 1.20 1.13
Class B................. 15.38 (0.20) -- 1.07 0.87
Class C................. 15.40 (0.18) -- 1.07 0.89
Class L................. 17.50 (0.02) -- 1.21 1.19
Class Y................. 17.65 0.01 -- 1.23 1.24
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 17.64 -- -- 0.82 0.82
For the Year Ended
October 31, 2005
Class A................. 16.19 (0.04) -- 1.17 1.13
Class B................. 14.49 (0.15) -- 1.04 0.89
Class C................. 14.50 (0.13) -- 1.03 0.90
Class L................. 16.32 0.01 -- 1.17 1.18
Class Y................. 16.42 0.01 -- 1.22 1.23
For the Year Ended
October 31, 2004
Class A................. 15.19 (0.08) -- 1.08 1.00
Class B................. 13.70 (0.15) -- 0.94 0.79
Class C................. 13.70 (0.12) -- 0.92 0.80
Class L................. 15.26 (0.08) -- 1.14 1.06
Class Y................. 15.31 -- -- 1.11 1.11
For the Year Ended
October 31, 2003
Class A................. 11.90 (0.03) -- 3.32 3.29
Class B................. 10.80 (0.07) -- 2.97 2.90
Class C................. 10.80 (0.07) -- 2.97 2.90
Class L................. 11.91 (0.05) -- 3.40 3.35
Class Y................. 11.94 (0.03) -- 3.40 3.37
For the Period February
19, 2002 through
October 31, 2002
Class A................. 14.57 (0.02) -- (2.65) (2.67)
Class B................. 13.28 (0.04) -- (2.44) (2.48)
Class C................. 13.28 (0.04) -- (2.44) (2.48)
Class Y................. 14.57 -- -- (2.63) (2.63)
For the Year Ended
October 31, 2002
Class L................. 14.23 (0.03) -- (2.29) (2.32)
THE HARTFORD GROWTH
OPPORTUNITIES FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 29.33 0.06 0.01 3.82 3.89
Class B................. 25.23 (0.05) 0.01 3.25 3.21
Class C................. 25.24 (0.05) 0.01 3.25 3.21
Class I................. 29.34 -- 0.01 3.93 3.94
Class L(l).............. 29.73 0.07 0.01 3.91 3.99
Class Y(l).............. 30.04 0.14 0.01 3.91 4.06
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD GROWTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $ -- $(1.30) $ -- $ (1.30) $(0.22) $18.23
Class B................. -- (1.30) -- (1.30) (0.42) 15.83
Class C................. -- (1.30) -- (1.30) (0.41) 15.88
Class I................. -- (1.30) -- (1.30) (0.19) 18.27
Class L(k).............. -- (1.30) -- (1.30) (0.18) 18.51
Class Y................. -- (1.30) -- (1.30) (0.15) 18.74
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ -- -- -- -- 0.54 18.69
Class R4................ -- -- -- -- 0.56 18.71
Class R5................ -- -- -- -- 0.58 18.73
For the Year Ended
October 31, 2006
Class A................. -- -- -- -- 1.13 18.45
Class B................. -- -- -- -- 0.87 16.25
Class C................. -- -- -- -- 0.89 16.29
Class L................. -- -- -- -- 1.19 18.69
Class Y................. -- -- -- -- 1.24 18.89
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. -- -- -- -- 0.82 18.46
For the Year Ended
October 31, 2005
Class A................. -- -- -- -- 1.13 17.32
Class B................. -- -- -- -- 0.89 15.38
Class C................. -- -- -- -- 0.90 15.40
Class L................. -- -- -- -- 1.18 17.50
Class Y................. -- -- -- -- 1.23 17.65
For the Year Ended
October 31, 2004
Class A................. -- -- -- -- 1.00 16.19
Class B................. -- -- -- -- 0.79 14.49
Class C................. -- -- -- -- 0.80 14.50
Class L................. -- -- -- -- 1.06 16.32
Class Y................. -- -- -- -- 1.11 16.42
For the Year Ended
October 31, 2003
Class A................. -- -- -- -- 3.29 15.19
Class B................. -- -- -- -- 2.90 13.70
Class C................. -- -- -- -- 2.90 13.70
Class L................. -- -- -- -- 3.35 15.26
Class Y................. -- -- -- -- 3.37 15.31
For the Period February
19, 2002 through
October 31, 2002
Class A................. -- -- -- -- (2.67) 11.90
Class B................. -- -- -- -- (2.48) 10.80
Class C................. -- -- -- -- (2.48) 10.80
Class Y................. -- -- -- -- (2.63) 11.94
For the Year Ended
October 31, 2002
Class L................. -- -- -- -- (2.32) 11.91
THE HARTFORD GROWTH
OPPORTUNITIES FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. -- (2.12) -- (2.12) 1.77 31.10
Class B................. -- (2.12) -- (2.12) 1.09 26.32
Class C................. -- (2.12) -- (2.12) 1.09 26.33
Class I................. -- (2.12) -- (2.12) 1.82 31.16
Class L(l).............. -- (2.12) -- (2.12) 1.87 31.60
Class Y(l).............. -- (2.12) -- (2.12) 1.94 31.98
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD GROWTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 6.31%(f)(i) $ 635,567 1.29%(e) 1.29%(e) 1.29%(e) (0.28)%(e) 46%
Class B................. 5.90(f)(i) 39,921 2.25(e) 2.09(e) 2.09(e) (1.08)(e) --
Class C................. 5.95(f)(i) 78,419 2.01(e) 2.01(e) 2.01(e) (1.00)(e) --
Class I................. 6.48(f)(i) 24,281 0.94(e) 0.94(e) 0.94(e) 0.12(e) --
Class L(k).............. 6.45(f)(i) 297,686 1.08(e) 1.06(e) 1.06(e) (0.35)(e) --
Class Y................. 6.55(f)(i) 90,380 0.83(e) 0.83(e) 0.83(e) 0.17(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 6.27(f) 10 1.72(e) 1.58(e) 1.58(e) (0.59)(e) --
Class R4................ 6.38(f) 10 1.44(e) 1.28(e) 1.28(e) (0.28)(e) --
Class R5................ 6.49(f) 10 1.15(e) 0.98(e) 0.98(e) 0.03(e) --
For the Year Ended
October 31, 2006
Class A................. 6.52 707,000 1.34 1.33 1.33 (0.38) 92
Class B................. 5.66 44,064 2.22 2.09 2.09 (1.14) --
Class C................. 5.78 85,469 2.02 2.02 2.02 (1.07) --
Class L................. 6.80 274,890 1.05 1.05 1.05 (0.10) --
Class Y................. 7.03 130,594 0.83 0.83 0.83 0.08 --
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 4.65(f) 1,961 0.96(e) 0.96(e) 0.96(e) (0.52)(e) --
For the Year Ended
October 31, 2005
Class A................. 6.98 635,057 1.40 1.33 1.33 (0.30) 77
Class B................. 6.14 46,251 2.27 2.15 2.15 (1.09) --
Class C................. 6.21 82,481 2.05 2.05 2.05 (1.01) --
Class L................. 7.23 295,731 1.06 1.06 1.06 0.05 --
Class Y................. 7.49 52,992 0.85 0.85 0.85 0.10 --
For the Year Ended
October 31, 2004
Class A................. 6.58 384,160 1.55 1.45 1.45 (0.84) 66
Class B................. 5.77 32,440 2.33 2.15 2.15 (1.54) --
Class C................. 5.84 47,575 2.07 2.07 2.07 (1.45) --
Class L................. 6.95 310,084 1.08 1.08 1.08 (0.48) --
Class Y................. 7.25 11,926 0.87 0.87 0.87 (0.18) --
For the Year Ended
October 31, 2003
Class A................. 27.65 72,186 1.52 1.45 1.45 (0.65) 129
Class B................. 26.85 11,552 2.26 2.12 2.12 (1.35) --
Class C................. 26.85 11,896 2.15 2.15 2.15 (1.36) --
Class L................. 28.13 316,451 1.15 1.15 1.15 (0.34) --
Class Y................. 28.22 1 0.96 0.96 0.96 (0.17) --
For the Period February
19, 2002 through
October 31, 2002
Class A................. (18.33)(f) 5,970 1.65(e) 1.45(e) 1.45(e) (0.44)(e) 107
Class B................. (18.67)(f) 1,698 2.32(e) 2.15(e) 2.15(e) (1.10)(e) --
Class C................. (18.68)(f) 1,480 2.18(e) 2.15(e) 2.15(e) (1.13)(e) --
Class Y................. (18.05)(f) 1 0.90(e) 0.90(e) 0.90(e) (0.01)(e) --
For the Year Ended
October 31, 2002
Class L................. (16.28) 274,683 1.14 1.14 1.14 (0.28) --
THE HARTFORD GROWTH
OPPORTUNITIES FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 14.17(f)(i) 516,579 1.50(e) 1.25(e) 1.25(e) 0.40(e) 51
Class B................. 13.74(f)(i) 38,107 2.22(e) 2.08(e) 2.08(e) (0.40)(e) --
Class C................. 13.74(f)(i) 61,297 2.03(e) 2.03(e) 2.03(e) (0.40)(e) --
Class I................. 14.35(f)(i) 1,707 0.93(e) 0.93(e) 0.93(e) (0.03)(e) --
Class L(l).............. 14.33(f)(i) 674,454 1.06(e) 1.04(e) 1.04(e) 0.46(e) --
Class Y(l).............. 14.42(f)(i) 106,294 0.81(e) 0.81(e) 0.81(e) 1.24(e) --
</Table>
357
HARTFORD MUTUAL FUNDS, INC. AND HARTFORD MUTUAL FUNDS II, INC.
FINANCIAL HIGHLIGHTS -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD GROWTH
OPPORTUNITIES
FUND -- (CONTINUED)
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ $29.39 $ (0.04) $ -- $ 2.55 $ 2.51
Class R4................ 29.39 (0.06) -- 2.60 2.54
Class R5................ 29.39 (0.03) -- 2.61 2.58
For the Year Ended
October 31, 2006
Class A................. 27.84 (0.07) -- 3.59 3.52
Class B................. 24.42 (0.25) -- 3.09 2.84
Class C................. 24.42 (0.23) -- 3.08 2.85
Class L................. 28.17 (0.06) -- 3.65 3.59
Class Y................. 28.37 0.02 -- 3.68 3.70
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 27.95 (0.01) -- 1.40 1.39
For the Year Ended
October 31, 2005
Class A................. 23.49 (0.06) -- 4.41 4.35
Class B................. 20.77 (0.25) -- 3.90 3.65
Class C................. 20.77 (0.25) -- 3.90 3.65
Class L................. 23.71 (0.06) -- 4.52 4.46
Class Y................. 23.82 -- -- 4.55 4.55
For the Year Ended
October 31, 2004
Class A................. 21.25 (0.17) -- 2.41 2.24
Class B................. 18.91 (0.26) -- 2.12 1.86
Class C................. 18.91 (0.28) -- 2.14 1.86
Class L................. 21.36 (0.14) -- 2.49 2.35
Class Y................. 21.42 (0.01) -- 2.41 2.40
For the Year Ended
October 31, 2003
Class A................. 15.31 (0.07) -- 6.01 5.94
Class B................. 13.71 (0.12) -- 5.32 5.20
Class C................. 13.70 (0.09) -- 5.30 5.21
Class L................. 15.33 (0.10) -- 6.13 6.03
Class Y................. 15.35 (0.07) -- 6.14 6.07
For the Period February
19, 2002 through
October 31, 2002
Class A................. 19.80 (0.06) -- (4.43) (4.49)
Class B................. 17.80 (0.10) -- (3.99) (4.09)
Class C................. 17.80 (0.09) -- (4.01) (4.10)
Class Y................. 19.80 (0.06) -- (4.39) (4.45)
For the Year Ended
October 31, 2002
Class L................. 19.21 (0.13) -- (3.54) (3.67)
THE HARTFORD HIGH YIELD
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 7.93 0.29 -- 0.30 0.59
Class B................. 7.92 0.26 -- 0.29 0.55
Class C................. 7.92 0.26 -- 0.31 0.57
Class Y................. 7.92 0.41 -- 0.20 0.61
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 8.04 0.20 -- 0.19 0.39
Class R4................ 8.04 0.21 -- 0.18 0.39
Class R5................ 8.04 0.21 -- 0.19 0.40
For the Year Ended
October 31, 2006
Class A................. 7.76 0.54 -- 0.18 0.72
Class B................. 7.74 0.48 -- 0.19 0.67
Class C................. 7.75 0.49 -- 0.17 0.66
Class Y................. 7.75 0.58 -- 0.17 0.75
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD GROWTH
OPPORTUNITIES
FUND -- (CONTINUED)
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ $ -- $ -- $ -- $ -- $ 2.51 $31.90
Class R4................ -- -- -- -- 2.54 31.93
Class R5................ -- -- -- -- 2.58 31.97
For the Year Ended
October 31, 2006
Class A................. -- (2.03) -- (2.03) 1.49 29.33
Class B................. -- (2.03) -- (2.03) 0.81 25.23
Class C................. -- (2.03) -- (2.03) 0.82 25.24
Class L................. -- (2.03) -- (2.03) 1.56 29.73
Class Y................. -- (2.03) -- (2.03) 1.67 30.04
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. -- -- -- -- 1.39 29.34
For the Year Ended
October 31, 2005
Class A................. -- -- -- -- 4.35 27.84
Class B................. -- -- -- -- 3.65 24.42
Class C................. -- -- -- -- 3.65 24.42
Class L................. -- -- -- -- 4.46 28.17
Class Y................. -- -- -- -- 4.55 28.37
For the Year Ended
October 31, 2004
Class A................. -- -- -- -- 2.24 23.49
Class B................. -- -- -- -- 1.86 20.77
Class C................. -- -- -- -- 1.86 20.77
Class L................. -- -- -- -- 2.35 23.71
Class Y................. -- -- -- -- 2.40 23.82
For the Year Ended
October 31, 2003
Class A................. -- -- -- -- 5.94 21.25
Class B................. -- -- -- -- 5.20 18.91
Class C................. -- -- -- -- 5.21 18.91
Class L................. -- -- -- -- 6.03 21.36
Class Y................. -- -- -- -- 6.07 21.42
For the Period February
19, 2002 through
October 31, 2002
Class A................. -- -- -- -- (4.49) 15.31
Class B................. -- -- -- -- (4.09) 13.71
Class C................. -- -- -- -- (4.10) 13.70
Class Y................. -- -- -- -- (4.45) 15.35
For the Year Ended
October 31, 2002
Class L................. -- (0.21) -- (0.21) (3.88) 15.33
THE HARTFORD HIGH YIELD
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.29) -- -- (0.29) 0.30 8.23
Class B................. (0.26) -- -- (0.26) 0.29 8.21
Class C................. (0.27) -- -- (0.27) 0.30 8.22
Class Y................. (0.30) -- -- (0.30) 0.31 8.23
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ (0.19) -- -- (0.19) 0.20 8.24
Class R4................ (0.19) -- -- (0.19) 0.20 8.24
Class R5................ (0.20) -- -- (0.20) 0.20 8.24
For the Year Ended
October 31, 2006
Class A................. (0.55) -- -- (0.55) 0.17 7.93
Class B................. (0.49) -- -- (0.49) 0.18 7.92
Class C................. (0.49) -- -- (0.49) 0.17 7.92
Class Y................. (0.58) -- -- (0.58) 0.17 7.92
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD GROWTH
OPPORTUNITIES
FUND -- (CONTINUED)
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 14.13%(f) $ 86 1.63%(e) 1.62%(e) 1.62%(e) (0.84)%(e) --
Class R4................ 14.24(f) 11 1.37(e) 1.30(e) 1.30(e) (0.60)(e) --
Class R5................ 14.38(f) 11 1.10(e) 1.01(e) 1.01(e) (0.28)(e) --
For the Year Ended
October 31, 2006
Class A................. 13.35 420,220 1.60 1.20 1.20 (0.31) 131%
Class B................. 12.36 33,670 2.26 2.08 2.08 (1.18) --
Class C................. 12.40 47,366 2.09 2.07 2.07 (1.17) --
Class L................. 13.45 570,541 1.07 1.07 1.07 (0.18) --
Class Y................. 13.76 73,685 0.85 0.83 0.83 0.08 --
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 4.97(f) 74 1.15(e) 1.12(e) 1.12(e) (0.43)(e) --
For the Year Ended
October 31, 2005
Class A................. 18.52 222,682 1.54 1.36 1.36 (0.45) 156
Class B................. 17.57 20,002 2.39 2.15 2.15 (1.27) --
Class C................. 17.57 18,842 2.13 2.13 2.13 (1.26) --
Class L................. 18.81 556,462 1.09 1.09 1.09 (0.22) --
Class Y................. 19.10 28,441 0.88 0.88 0.88 -- --
For the Year Ended
October 31, 2004
Class A................. 10.54 54,652 1.52 1.45 1.45 (0.94) 130
Class B................. 9.84 11,518 2.45 2.14 2.14 (1.64) --
Class C................. 9.84 11,899 2.11 2.11 2.11 (1.61) --
Class L................. 11.00 518,009 1.08 1.08 1.08 (0.58) --
Class Y................. 11.20 4,792 0.82 0.82 0.82 (0.33) --
For the Year Ended
October 31, 2003
Class A................. 38.80 17,149 1.49 1.45 1.45 (0.88) 158
Class B................. 37.93 4,470 2.22 2.15 2.15 (1.58) --
Class C................. 38.03 5,238 2.10 2.10 2.10 (1.54) --
Class L................. 39.34 517,892 1.10 1.10 1.10 (0.56) --
Class Y................. 39.54 1 0.91 0.91 0.91 (0.38) --
For the Period February
19, 2002 through
October 31, 2002
Class A................. (22.68)(f) 3,338 1.62(e) 1.45(e) 1.45(e) (0.92)(e) 182
Class B................. (22.99)(f) 777 2.30(e) 2.15(e) 2.15(e) (1.60)(e) --
Class C................. (23.05)(f) 892 2.09(e) 2.09(e) 2.09(e) (1.56)(e) --
Class Y................. (22.47)(f) 1 0.89(e) 0.89(e) 0.89(e) (0.44)(e) --
For the Year Ended
October 31, 2002
Class L................. (19.36) 412,454 1.10 1.10 1.10 (0.67) --
THE HARTFORD HIGH YIELD
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 7.59(f) 202,669 1.34(e) 1.14(e) 1.14(e) 7.21(e) 81
Class B................. 7.07(f) 36,539 2.16(e) 1.90(e) 1.90(e) 6.46(e) --
Class C................. 7.23(f) 39,084 2.02(e) 1.82(e) 1.82(e) 6.54(e) --
Class Y................. 7.82(f) 4,230 0.85(e) 0.65(e) 0.65(e) 7.45(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 7.69(f) 10 1.79(e) 1.40(e) 1.40(e) 6.86(e) --
Class R4................ 7.80(f) 10 1.45(e) 1.08(e) 1.08(e) 7.16(e) --
Class R5................ 7.89(f) 10 1.18(e) 0.85(e) 0.85(e) 7.41(e) --
For the Year Ended
October 31, 2006
Class A................. 9.57 190,479 1.36 1.20 1.20 6.87 147
Class B................. 8.90 37,189 2.17 1.95 1.95 6.10 --
Class C................. 8.84 39,991 2.04 1.89 1.89 6.15 --
Class Y................. 10.11 24,374 0.88 0.73 0.73 7.33 --
</Table>
The accompanying notes are an integral part of these financial statements.
358
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD HIGH YIELD
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. $ 8.18 $ 0.48 $ -- $(0.40) $ 0.08
Class B................. 8.17 0.42 -- (0.41) 0.01
Class C................. 8.17 0.42 -- (0.39) 0.03
Class Y................. 8.17 0.52 -- (0.40) 0.12
For the Year Ended
October 31, 2004(h)
Class A................. 7.94 0.48 -- 0.23 0.71
Class B................. 7.93 0.43 -- 0.22 0.65
Class C................. 7.93 0.43 0.01 0.22 0.66
Class Y................. 7.94 0.39 -- 0.36 0.75
For the Year Ended
October 31, 2003(h)
Class A................. 6.73 0.60 -- 1.26 1.86
Class B................. 6.72 0.57 -- 1.24 1.81
Class C................. 6.72 0.55 -- 1.26 1.81
Class Y................. 6.73 0.65 -- 1.24 1.89
For the Year Ended
October 31, 2002(h)
Class A................. 8.45 0.82 -- (1.78) (0.96)
Class B................. 8.43 0.80 -- (1.81) (1.01)
Class C................. 8.43 0.72 -- (1.73) (1.01)
Class Y................. 8.48 0.34 -- (1.30) (0.96)
THE HARTFORD INCOME
ALLOCATION FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 9.89 0.19 -- 0.08 0.27
Class B................. 9.88 0.16 -- 0.09 0.25
Class C................. 9.88 0.16 -- 0.08 0.24
Class I................. 9.89 0.19 -- 0.10 0.29
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 9.91 0.12 -- 0.06 0.18
Class R4................ 9.91 0.13 -- 0.06 0.19
Class R5................ 9.91 0.15 -- 0.05 0.20
For the Year Ended
October 31, 2006
Class A................. 9.89 0.42 -- 0.03 0.45
Class B................. 9.88 0.35 -- 0.03 0.38
Class C................. 9.88 0.35 -- 0.03 0.38
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 9.84 0.06 -- 0.05 0.11
For the Year Ended
October 31, 2005
Class A................. 10.15 0.36 -- (0.26) 0.10
Class B................. 10.14 0.29 -- (0.26) 0.03
Class C................. 10.14 0.30 -- (0.27) 0.03
From (commencement of
operations) May 28,
2004, through October
31, 2004
Class A................. 10.00 0.09 -- 0.15 0.24
Class B................. 10.00 0.07 -- 0.14 0.21
Class C................. 10.00 0.07 -- 0.14 0.21
THE HARTFORD INCOME FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 10.33 0.28 -- 0.07 0.35
Class B................. 10.33 0.24 -- 0.07 0.31
Class C................. 10.35 0.24 -- 0.07 0.31
Class Y................. 10.32 0.29 -- 0.07 0.36
For the Year Ended
October 31, 2006
Class A................. 10.24 0.54 -- 0.08 0.62
Class B................. 10.24 0.46 -- 0.08 0.54
Class C................. 10.26 0.46 -- 0.08 0.54
Class Y................. 10.24 0.56 -- 0.08 0.64
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD HIGH YIELD
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. $ (0.50) $ -- $ -- $ (0.50) $(0.42) $ 7.76
Class B................. (0.44) -- -- (0.44) (0.43) 7.74
Class C................. (0.45) -- -- (0.45) (0.42) 7.75
Class Y................. (0.54) -- -- (0.54) (0.42) 7.75
For the Year Ended
October 31, 2004(h)
Class A................. (0.47) -- -- (0.47) 0.24 8.18
Class B................. (0.41) -- -- (0.41) 0.24 8.17
Class C................. (0.42) -- -- (0.42) 0.24 8.17
Class Y................. (0.52) -- -- (0.52) 0.23 8.17
For the Year Ended
October 31, 2003(h)
Class A................. (0.65) -- -- (0.65) 1.21 7.94
Class B................. (0.60) -- -- (0.60) 1.21 7.93
Class C................. (0.60) -- -- (0.60) 1.21 7.93
Class Y................. (0.68) -- -- (0.68) 1.21 7.94
For the Year Ended
October 31, 2002(h)
Class A................. (0.76) -- -- (0.76) (1.72) 6.73
Class B................. (0.70) -- -- (0.70) (1.71) 6.72
Class C................. (0.70) -- -- (0.70) (1.71) 6.72
Class Y................. (0.79) -- -- (0.79) (1.75) 6.73
THE HARTFORD INCOME
ALLOCATION FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.19) -- -- (0.19) 0.08 9.97
Class B................. (0.16) -- -- (0.16) 0.09 9.97
Class C................. (0.16) -- -- (0.16) 0.08 9.96
Class I................. (0.21) -- -- (0.21) 0.08 9.97
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ (0.12) -- -- (0.12) 0.06 9.97
Class R4................ (0.13) -- -- (0.13) 0.06 9.97
Class R5................ (0.14) -- -- (0.14) 0.06 9.97
For the Year Ended
October 31, 2006
Class A................. (0.43) (0.02) -- (0.45) -- 9.89
Class B................. (0.36) (0.02) -- (0.38) -- 9.88
Class C................. (0.36) (0.02) -- (0.38) -- 9.88
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. (0.06) -- -- (0.06) 0.05 9.89
For the Year Ended
October 31, 2005
Class A................. (0.36) -- -- (0.36) (0.26) 9.89
Class B................. (0.29) -- -- (0.29) (0.26) 9.88
Class C................. (0.29) -- -- (0.29) (0.26) 9.88
From (commencement of
operations) May 28,
2004, through October
31, 2004
Class A................. (0.09) -- -- (0.09) 0.15 10.15
Class B................. (0.07) -- -- (0.07) 0.14 10.14
Class C................. (0.07) -- -- (0.07) 0.14 10.14
THE HARTFORD INCOME FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.28) -- -- (0.28) 0.07 10.40
Class B................. (0.24) -- -- (0.24) 0.07 10.40
Class C................. (0.24) -- -- (0.24) 0.07 10.42
Class Y................. (0.29) -- -- (0.29) 0.07 10.39
For the Year Ended
October 31, 2006
Class A................. (0.53) -- -- (0.53) 0.09 10.33
Class B................. (0.45) -- -- (0.45) 0.09 10.33
Class C................. (0.45) -- -- (0.45) 0.09 10.35
Class Y................. (0.56) -- -- (0.56) 0.08 10.32
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD HIGH YIELD
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. 0.97% $ 188,599 1.33% 1.33% 1.33% 5.86% 113%
Class B................. 0.08 47,071 2.12 2.10 2.10 5.09 --
Class C................. 0.30 50,945 2.00 2.00 2.00 5.18 --
Class Y................. 1.43 25,974 0.87 0.87 0.87 6.40 --
For the Year Ended
October 31, 2004(h)
Class A................. 9.26(i) 247,364 1.35 1.35 1.35 6.03 86
Class B................. 8.45(i) 63,972 2.07 2.07 2.07 5.32 --
Class C................. 8.54(i) 71,673 1.98 1.98 1.98 5.40 --
Class Y................. 9.72 16,410 0.84 0.84 0.84 6.13 --
For the Year Ended
October 31, 2003(h)
Class A................. 28.69 213,377 1.49 1.40 1.40 7.98 54
Class B................. 27.83 72,293 2.23 2.10 2.10 7.39 --
Class C................. 27.84 77,968 2.10 2.10 2.10 7.31 --
Class Y................. 29.27 1 1.69 0.95 0.95 8.70 --
For the Year Ended
October 31, 2002(h)
Class A................. (12.16) 95,760 1.55 1.40 1.40 9.48 22
Class B................. (12.70) 44,359 2.24 2.10 2.10 8.78 --
Class C................. (12.65) 40,611 2.10 2.10 2.10 8.78 --
Class Y................. (12.01) 1 0.84 0.84 0.84 10.04 --
THE HARTFORD INCOME
ALLOCATION FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 2.77(f) 32,829 0.73(e) 0.57(e) 0.57(e) 4.05(e) 22
Class B................. 2.52(f) 5,406 1.52(e) 1.27(e) 1.27(e) 3.30(e) --
Class C................. 2.41(f) 7,847 1.49(e) 1.27(e) 1.27(e) 3.28(e) --
Class I................. 2.93(f) 546 0.48(e) 0.33(e) 0.33(e) 4.69(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 2.64(f) 10 1.26(e) 0.97(e) 0.97(e) 3.53(e) --
Class R4................ 2.74(f) 10 0.92(e) 0.64(e) 0.64(e) 3.83(e) --
Class R5................ 2.85(f) 10 0.66(e) 0.37(e) 0.37(e) 4.13(e) --
For the Year Ended
October 31, 2006
Class A................. 4.64 25,383 0.80 0.61 0.61 4.32 38
Class B................. 3.91 5,516 1.59 1.31 1.31 3.56 --
Class C................. 3.91 8,042 1.53 1.31 1.31 3.53 --
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 1.17(f) 10 0.90(e) 0.37(e) 0.37(e) 4.27(e) --
For the Year Ended
October 31, 2005
Class A................. 1.01 19,445 0.76 0.56 0.56 3.75 30
Class B................. 0.29 4,778 1.56 1.26 1.26 3.09 --
Class C................. 0.30 7,711 1.51 1.26 1.26 3.04 --
From (commencement of
operations) May 28,
2004, through October
31, 2004
Class A................. 2.42(f) 10,539 0.73(e) 0.56(e) 0.56(e) 3.21(e) 3
Class B................. 2.08(f) 1,690 1.63(e) 1.26(e) 1.26(e) 2.56(e) --
Class C................. 2.08(f) 4,880 1.48(e) 1.26(e) 1.26(e) 2.59(e) --
THE HARTFORD INCOME FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 3.39(f) 80,164 1.11(e) 0.95(e) 0.95(e) 5.52(e) 108
Class B................. 3.01(f) 8,995 1.95(e) 1.70(e) 1.70(e) 4.75(e) --
Class C................. 3.02(f) 12,387 1.82(e) 1.70(e) 1.70(e) 4.76(e) --
Class Y................. 3.54(f) 142,723 0.68(e) 0.68(e) 0.68(e) 5.79(e) --
For the Year Ended
October 31, 2006
Class A................. 6.24 37,168 1.21 0.95 0.95 5.35 175
Class B................. 5.45 7,224 2.06 1.70 1.70 4.60 --
Class C................. 5.44 8,101 1.96 1.70 1.70 4.61 --
Class Y................. 6.41 60,690 0.78 0.70 0.70 5.63 --
</Table>
359
HARTFORD MUTUAL FUNDS, INC. AND HARTFORD MUTUAL FUNDS II, INC.
FINANCIAL HIGHLIGHTS -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD INCOME
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. $10.72 $ 0.51 $ -- $(0.44) $ 0.07
Class B................. 10.72 0.43 -- (0.43) --
Class C................. 10.74 0.43 -- (0.43) --
Class Y................. 10.72 0.52 -- (0.42) 0.10
For the Year Ended
October 31, 2004
Class A................. 10.53 0.48 -- 0.22 0.70
Class B................. 10.53 0.42 -- 0.21 0.63
Class C................. 10.55 0.41 -- 0.22 0.63
From inception November
28, 2003, through
October 31, 2004
Class Y................. 10.54 0.48 -- 0.20 0.68
From inception October
31, 2002, through
October 31, 2003
Class A................. 10.00 0.52 -- 0.54 1.06
Class B................. 10.00 0.44 -- 0.54 0.98
Class C................. 10.00 0.44 -- 0.56 1.00
THE HARTFORD INFLATION
PLUS FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 10.44 0.08 -- 0.09 0.17
Class B................. 10.45 0.03 -- 0.11 0.14
Class C................. 10.44 0.03 -- 0.11 0.14
Class I................. 10.44 0.11 -- 0.09 0.20
Class Y................. 10.45 0.10 -- 0.10 0.20
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 10.41 0.12 -- 0.09 0.21
Class R4................ 10.41 0.12 -- 0.10 0.22
Class R5................ 10.41 0.13 -- 0.09 0.22
For the Year Ended
October 31, 2006
Class A................. 10.67 0.49 -- (0.26) 0.23
Class B................. 10.68 0.40 -- (0.25) 0.15
Class C................. 10.67 0.40 -- (0.25) 0.15
Class Y................. 10.68 0.51 -- (0.25) 0.26
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 10.48 0.05 -- (0.05) (0.00)
For the Year Ended
October 31, 2005
Class A................. 10.95 0.41 -- (0.18) 0.23
Class B................. 10.96 0.33 -- (0.18) 0.15
Class C................. 10.96 0.33 -- (0.19) 0.14
Class Y................. 10.97 0.47 -- (0.22) 0.25
For the Year Ended
October 31, 2004
Class A................. 10.63 0.30 -- 0.37 0.67
Class B................. 10.64 0.22 -- 0.37 0.59
Class C................. 10.63 0.23 -- 0.37 0.60
From inception November
28, 2003, through
October 31, 2004
Class Y................. 10.57 0.28 -- 0.44 0.72
From inception October
31, 2002, through
October 31, 2003
Class A................. 10.00 0.27 -- 0.62 0.89
Class B................. 10.00 0.21 -- 0.63 0.84
Class C................. 10.00 0.20 -- 0.63 0.83
THE HARTFORD
INTERNATIONAL CAPITAL
APPRECIATION FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. 14.93 -- -- 1.81 1.81
Class B................. 14.42 (0.07) -- 1.76 1.69
Class C................. 14.42 (0.06) -- 1.75 1.69
Class I................. 14.94 0.02 -- 1.82 1.84
Class Y................. 15.17 0.01 -- 1.88 1.89
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD INCOME
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. $ (0.51) $(0.04) $ -- $ (0.55) $(0.48) $10.24
Class B................. (0.44) (0.04) -- (0.48) (0.48) 10.24
Class C................. (0.44) (0.04) -- (0.48) (0.48) 10.26
Class Y................. (0.54) (0.04) -- (0.58) (0.48) 10.24
For the Year Ended
October 31, 2004
Class A................. (0.51) -- -- (0.51) 0.19 10.72
Class B................. (0.44) -- -- (0.44) 0.19 10.72
Class C................. (0.44) -- -- (0.44) 0.19 10.74
From inception November
28, 2003, through
October 31, 2004
Class Y................. (0.50) -- -- (0.50) 0.18 10.72
From inception October
31, 2002, through
October 31, 2003
Class A................. (0.53) -- -- (0.53) 0.53 10.53
Class B................. (0.45) -- -- (0.45) 0.53 10.53
Class C................. (0.45) -- -- (0.45) 0.55 10.55
THE HARTFORD INFLATION
PLUS FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.08) -- -- (0.08) 0.09 10.53
Class B................. (0.07) -- -- (0.07) 0.07 10.52
Class C................. (0.07) -- -- (0.07) 0.07 10.51
Class I................. (0.09) -- -- (0.09) 0.11 10.55
Class Y................. (0.09) -- -- (0.09) 0.11 10.56
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ (0.08) -- -- (0.08) 0.13 10.54
Class R4................ (0.08) -- -- (0.08) 0.14 10.55
Class R5................ (0.08) -- -- (0.08) 0.14 10.55
For the Year Ended
October 31, 2006
Class A................. (0.43) (0.03) -- (0.46) (0.23) 10.44
Class B................. (0.35) (0.03) -- (0.38) (0.23) 10.45
Class C................. (0.35) (0.03) -- (0.38) (0.23) 10.44
Class Y................. (0.46) (0.03) -- (0.49) (0.23) 10.45
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. (0.04) -- -- (0.04) (0.04) 10.44
For the Year Ended
October 31, 2005
Class A................. (0.42) (0.09) -- (0.51) (0.28) 10.67
Class B................. (0.34) (0.09) -- (0.43) (0.28) 10.68
Class C................. (0.34) (0.09) -- (0.43) (0.29) 10.67
Class Y................. (0.45) (0.09) -- (0.54) (0.29) 10.68
For the Year Ended
October 31, 2004
Class A................. (0.31) (0.04) -- (0.35) 0.32 10.95
Class B................. (0.23) (0.04) -- (0.27) 0.32 10.96
Class C................. (0.23) (0.04) -- (0.27) 0.33 10.96
From inception November
28, 2003, through
October 31, 2004
Class Y................. (0.32) -- -- (0.32) 0.40 10.97
From inception October
31, 2002, through
October 31, 2003
Class A................. (0.26) -- -- (0.26) 0.63 10.63
Class B................. (0.20) -- -- (0.20) 0.64 10.64
Class C................. (0.20) -- -- (0.20) 0.63 10.63
THE HARTFORD
INTERNATIONAL CAPITAL
APPRECIATION FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. (0.01) (1.36) -- (1.37) 0.44 15.37
Class B................. -- (1.36) -- (1.36) 0.33 14.75
Class C................. -- (1.36) -- (1.36) 0.33 14.75
Class I................. (0.18) (1.36) -- (1.54) 0.30 15.24
Class Y................. -- (1.36) -- (1.36) 0.53 15.70
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD INCOME
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. 0.70% $ 28,942 1.20% 0.95% 0.95% 4.80% 188%
Class B................. (0.04) 5,973 2.06 1.70 1.70 4.05 --
Class C................. (0.03) 5,142 1.96 1.70 1.70 4.05 --
Class Y................. 0.98 16,431 0.79 0.70 0.70 5.16 --
For the Year Ended
October 31, 2004
Class A................. 6.85 29,580 1.14 1.00 1.00 4.60 167
Class B................. 6.10 5,541 1.95 1.70 1.70 3.90 --
Class C................. 6.09 5,562 1.88 1.70 1.70 3.90 --
From inception November
28, 2003, through
October 31, 2004
Class Y................. 6.57(f) 10 0.73(e) 0.70(e) 0.70(e) 4.89(e) --
From inception October
31, 2002, through
October 31, 2003
Class A................. 10.79(f) 15,836 1.54(e) 1.00(e) 1.00(e) 5.06(e) 124
Class B................. 10.01(f) 4,705 2.31(e) 1.70(e) 1.70(e) 4.31(e) --
Class C................. 10.22(f) 5,050 2.17(e) 1.70(e) 1.70(e) 4.28(e) --
THE HARTFORD INFLATION
PLUS FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 1.66(f) 208,338 1.36(e) 1.15(e) 0.85(e) 0.95(e) 269
Class B................. 1.34(f) 76,791 2.16(e) 1.90(e) 1.60(e) 0.37(e) --
Class C................. 1.34(f) 177,725 2.12(e) 1.90(e) 1.60(e) 0.16(e) --
Class I................. 1.89(f) 212 1.15(e) 0.90(e) 0.60(e) 2.92(e) --
Class Y................. 1.90(f) 107,166 1.01(e) 0.90(e) 0.60(e) 1.62(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 1.59(f) 10 1.63(e) 1.25(e) 1.14(e) 3.14(e) --
Class R4................ 1.73(f) 10 1.33(e) 1.00(e) 0.89(e) 3.40(e) --
Class R5................ 1.77(f) 10 1.03(e) 0.76(e) 0.65(e) 3.63(e) --
For the Year Ended
October 31, 2006
Class A................. 2.29 282,362 1.02 0.95 0.95 4.50 193
Class B................. 1.51 92,340 1.82 1.70 1.70 3.76 --
Class C................. 1.51 247,091 1.78 1.70 1.70 3.72 --
Class Y................. 2.58 140,796 0.68 0.68 0.68 5.05 --
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 0.04(f) 18 0.98(e) 0.70(e) 0.70(e) 4.43(e) --
For the Year Ended
October 31, 2005
Class A................. 2.10 414,778 1.00 0.95 0.95 3.88 71
Class B................. 1.33 119,302 1.81 1.70 1.70 3.09 --
Class C................. 1.24 373,750 1.76 1.70 1.70 3.12 --
Class Y................. 2.29 95,947 0.68 0.68 0.68 4.42 --
For the Year Ended
October 31, 2004
Class A................. 6.39 313,961 1.04 1.00 1.00 3.04 81
Class B................. 5.65 107,964 1.81 1.70 1.70 2.21 --
Class C................. 5.74 319,990 1.76 1.70 1.70 2.33 --
From inception November
28, 2003, through
October 31, 2004
Class Y................. 6.89(f) 23,045 0.65(e) 0.65(e) 0.65(e) 1.55(e) --
From inception October
31, 2002, through
October 31, 2003
Class A................. 9.02(f) 142,992 1.34(e) 1.00(e) 1.00(e) 2.63(e) 23
Class B................. 8.41(f) 67,986 2.09(e) 1.70(e) 1.70(e) 1.98(e) --
Class C................. 8.31(f) 160,253 1.95(e) 1.70(e) 1.70(e) 1.97(e) --
THE HARTFORD
INTERNATIONAL CAPITAL
APPRECIATION FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. 13.11(f)(i) 326,590 1.50(e) 1.50(e) 1.50(e) (0.05)(e) 128
Class B................. 12.67(f)(i) 41,624 2.37(e) 2.30(e) 2.30(e) (0.93)(e) --
Class C................. 12.68(f)(i) 52,612 2.21(e) 2.21(e) 2.21(e) (0.85)(e) --
Class I................. 13.33(f)(i) 156 1.27(e) 1.27(e) 1.27(e) 0.32(e) --
Class Y................. 13.43(f)(i) 8,984 0.97(e) 0.97(e) 0.97(e) 0.24(e) --
</Table>
The accompanying notes are an integral part of these financial statements.
360
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD
INTERNATIONAL CAPITAL
APPRECIATION
FUND -- (CONTINUED)
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ $14.79 $ (0.01) $ -- $ 0.87 $ 0.86
Class R4................ 14.79 -- -- 0.88 0.88
Class R5................ 14.79 0.02 -- 0.87 0.89
For the Year Ended
October 31, 2006(h)
Class A................. 12.14 0.02 -- 2.96 2.98
Class B................. 11.77 (0.08) -- 2.87 2.79
Class C................. 11.77 (0.09) -- 2.88 2.79
Class Y................. 12.33 0.06 -- 3.02 3.08
From (commencement of
operations) August 31,
2006, through October
31, 2006(h)
Class I................. 14.34 (0.02) -- 0.62 0.60
For the Year Ended
October 31, 2005
Class A................. 11.59 0.07 -- 0.48 0.55
Class B................. 11.32 (0.01) -- 0.46 0.45
Class C................. 11.32 (0.01) -- 0.46 0.45
Class Y................. 11.72 0.08 -- 0.53 0.61
For the Year Ended
October 31, 2004(h)
Class A................. 9.62 (0.01) -- 2.03 2.02
Class B................. 9.46 (0.08) -- 1.99 1.91
Class C................. 9.46 (0.08) -- 1.99 1.91
Class Y................. 9.69 (0.01) -- 2.09 2.08
For the Year Ended
October 31, 2003
Class A................. 6.93 (0.02) -- 2.72 2.70
Class B................. 6.86 (0.04) -- 2.64 2.60
Class C................. 6.86 (0.04) -- 2.64 2.60
Class Y................. 6.98 0.01 -- 2.74 2.75
For the Year Ended
October 31, 2002(h)
Class A................. 7.62 0.02 -- (0.71) (0.69)
Class B................. 7.59 (0.03) -- (0.70) (0.73)
Class C................. 7.59 (0.03) -- (0.70) (0.73)
Class Y................. 7.63 0.07 -- (0.72) (0.65)
THE HARTFORD
INTERNATIONAL
OPPORTUNITIES FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. 16.13 -- -- 2.28 2.28
Class B................. 15.14 (0.06) -- 2.14 2.08
Class C................. 15.01 (0.06) -- 2.12 2.06
Class Y................. 16.67 0.04 -- 2.36 2.40
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ 17.07 0.02 -- 1.29 1.31
Class R4................ 17.07 0.01 -- 1.32 1.33
Class R5................ 17.07 0.03 -- 1.32 1.35
For the Year Ended
October 31, 2006(h)
Class A................. 13.13 0.13 -- 2.92 3.05
Class B................. 12.35 0.03 -- 2.76 2.79
Class C................. 12.27 0.01 -- 2.73 2.74
Class Y................. 13.55 0.25 -- 2.98 3.23
For the Year Ended
October 31, 2005
Class A................. 11.22 0.05 -- 1.86 1.91
Class B................. 10.64 (0.04) -- 1.75 1.71
Class C................. 10.57 (0.04) -- 1.74 1.70
Class Y................. 11.53 0.12 -- 1.90 2.02
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD
INTERNATIONAL CAPITAL
APPRECIATION
FUND -- (CONTINUED)
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ $ -- $ -- $ -- $ -- $ 0.86 $15.65
Class R4................ -- -- -- -- 0.88 15.67
Class R5................ -- -- -- -- 0.89 15.68
For the Year Ended
October 31, 2006(h)
Class A................. (0.05) (0.14) -- (0.19) 2.79 14.93
Class B................. -- (0.14) -- (0.14) 2.65 14.42
Class C................. -- (0.14) -- (0.14) 2.65 14.42
Class Y................. (0.10) (0.14) -- (0.24) 2.84 15.17
From (commencement of
operations) August 31,
2006, through October
31, 2006(h)
Class I................. -- -- -- -- 0.60 14.94
For the Year Ended
October 31, 2005
Class A................. -- -- -- -- 0.55 12.14
Class B................. -- -- -- -- 0.45 11.77
Class C................. -- -- -- -- 0.45 11.77
Class Y................. -- -- -- -- 0.61 12.33
For the Year Ended
October 31, 2004(h)
Class A................. -- (0.05) -- (0.05) 1.97 11.59
Class B................. -- (0.05) -- (0.05) 1.86 11.32
Class C................. -- (0.05) -- (0.05) 1.86 11.32
Class Y................. -- (0.05) -- (0.05) 2.03 11.72
For the Year Ended
October 31, 2003
Class A................. (0.01) -- -- (0.01) 2.69 9.62
Class B................. -- -- -- -- 2.60 9.46
Class C................. -- -- -- -- 2.60 9.46
Class Y................. (0.04) -- -- (0.04) 2.71 9.69
For the Year Ended
October 31, 2002(h)
Class A................. -- -- -- -- (0.69) 6.93
Class B................. -- -- -- -- (0.73) 6.86
Class C................. -- -- -- -- (0.73) 6.86
Class Y................. -- -- -- -- (0.65) 6.98
THE HARTFORD
INTERNATIONAL
OPPORTUNITIES FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. (0.06) (0.43) -- (0.49) 1.79 17.92
Class B................. -- (0.43) -- (0.43) 1.65 16.79
Class C................. -- (0.43) -- (0.43) 1.63 16.64
Class Y................. (0.20) (0.43) -- (0.63) 1.77 18.44
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ -- -- -- -- 1.31 18.38
Class R4................ -- -- -- -- 1.33 18.40
Class R5................ -- -- -- -- 1.35 18.42
For the Year Ended
October 31, 2006(h)
Class A................. (0.05) -- -- (0.05) 3.00 16.13
Class B................. -- -- -- -- 2.79 15.14
Class C................. -- -- -- -- 2.74 15.01
Class Y................. (0.11) -- -- (0.11) 3.12 16.67
For the Year Ended
October 31, 2005
Class A................. -- -- -- -- 1.91 13.13
Class B................. -- -- -- -- 1.71 12.35
Class C................. -- -- -- -- 1.70 12.27
Class Y................. -- -- -- -- 2.02 13.55
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD
INTERNATIONAL CAPITAL
APPRECIATION
FUND -- (CONTINUED)
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ 13.06%(f) $ 11 1.89%(e) 1.85%(e) 1.85%(e) (0.26)%(e) --
Class R4................ 13.21(f) 11 1.57(e) 1.54(e) 1.54(e) 0.05(e) --
Class R5................ 13.28(f) 11 1.29(e) 1.25(e) 1.25(e) 0.27(e) --
For the Year Ended
October 31, 2006(h)
Class A................. 24.85 213,186 1.70 1.60 1.60 0.12 165%
Class B................. 23.95 33,252 2.56 2.30 2.30 (0.59) --
Class C................. 23.95 43,336 2.40 2.35 2.35 (0.65) --
Class Y................. 25.38 70,777 1.16 1.16 1.16 0.42 --
From (commencement of
operations) August 31,
2006, through October
31, 2006(h)
Class I................. 4.18(f) 10 1.53(e) 1.36(e) 1.36(e) (0.49)(e) --
For the Year Ended
October 31, 2005
Class A................. 4.74 131,430 1.77 1.60 1.60 0.66 183
Class B................. 3.98 22,304 2.66 2.35 2.35 (0.09) --
Class C................. 3.98 29,486 2.49 2.35 2.35 (0.07) --
Class Y................. 5.20 74,651 1.22 1.20 1.20 0.98 --
For the Year Ended
October 31, 2004(h)
Class A................. 21.14 50,051 1.91 1.65 1.65 (0.10) 200
Class B................. 20.33 8,968 2.83 2.35 2.35 (0.80) --
Class C................. 20.33 12,906 2.63 2.35 2.35 (0.79) --
Class Y................. 21.61 28,775 1.31 1.20 1.20 (0.09) --
For the Year Ended
October 31, 2003
Class A................. 38.95 11,362 2.36 1.65 1.65 (0.35) 281
Class B................. 37.90 2,148 3.08 2.35 2.35 (1.04) --
Class C................. 37.90 2,285 2.95 2.35 2.35 (1.01) --
Class Y................. 39.57 292 1.80 1.20 1.20 0.16 --
For the Year Ended
October 31, 2002(h)
Class A................. (9.06) 4,666 2.98 1.65 1.65 0.34 330
Class B................. (9.62) 813 3.69 2.35 2.35 (0.42) --
Class C................. (9.62) 826 3.55 2.35 2.35 (0.34) --
Class Y................. (8.52) 209 2.19 1.20 1.20 0.79 --
THE HARTFORD
INTERNATIONAL
OPPORTUNITIES FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. 14.44(f)(i) 195,474 1.49(e) 1.49(e) 1.49(e) (0.04)(e) 83
Class B................. 14.05(f)(i) 32,720 2.47(e) 2.16(e) 2.16(e) (0.74)(e) --
Class C................. 14.04(f)(i) 24,601 2.21(e) 2.21(e) 2.21(e) (0.78)(e) --
Class Y................. 14.77(f)(i) 103,699 0.93(e) 0.93(e) 0.93(e) 0.49(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ 14.39(f) 23 1.82(e) 1.82(e) 1.82(e) 0.29(e) --
Class R4................ 14.52(f) 11 1.49(e) 1.49(e) 1.49(e) 0.16(e) --
Class R5................ 14.64(f) 11 1.22(e) 1.21(e) 1.21(e) 0.45(e) --
For the Year Ended
October 31, 2006(h)
Class A................. 23.25 159,087 1.61 1.57 1.57 0.84 102
Class B................. 22.59 29,125 2.56 2.15 2.15 0.24 --
Class C................. 22.33 20,782 2.33 2.33 2.33 0.06 --
Class Y................. 24.00 43,994 1.02 1.02 1.02 1.56 --
For the Year Ended
October 31, 2005
Class A................. 17.02 102,393 1.72 1.57 1.57 0.42 119
Class B................. 16.07 23,940 2.68 2.35 2.35 (0.36) --
Class C................. 16.08 16,896 2.42 2.35 2.35 (0.37) --
Class Y................. 17.52 5,612 1.05 1.05 1.05 0.94 --
</Table>
361
HARTFORD MUTUAL FUNDS, INC. AND HARTFORD MUTUAL FUNDS II, INC.
FINANCIAL HIGHLIGHTS -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD
INTERNATIONAL
OPPORTUNITIES
FUND -- (CONTINUED)
For the Year Ended
October 31, 2004
Class A................. $ 9.66 $ 0.03 $ -- $ 1.54 $ 1.57
Class B................. 9.22 (0.05) -- 1.47 1.42
Class C................. 9.16 (0.05) -- 1.46 1.41
Class Y................. 9.91 0.11 -- 1.56 1.67
For the Year Ended
October 31, 2003
Class A................. 8.03 0.02 -- 1.61 1.63
Class B................. 7.71 (0.04) -- 1.55 1.51
Class C................. 7.67 (0.04) -- 1.53 1.49
Class Y................. 8.19 0.06 -- 1.66 1.72
For the Year Ended
October 31, 2002(h)
Class A................. 9.33 0.03 -- (1.33) (1.30)
Class B................. 9.04 (0.08) -- (1.25) (1.33)
Class C................. 8.99 (0.05) -- (1.27) (1.32)
Class Y................. 9.49 0.02 -- (1.32) (1.30)
THE HARTFORD
INTERNATIONAL SMALL
COMPANY FUND
For the Six-Month Period
Ended April 30, 2007(h)
(Unaudited)(h)
Class A................. 16.19 0.02 -- 2.53 2.55
Class B................. 15.72 (0.04) -- 2.47 2.43
Class C................. 15.55 (0.04) -- 2.44 2.40
Class Y................. 16.37 0.05 -- 2.57 2.62
For the Year Ended
October 31, 2006(h)
Class A................. 14.27 0.08 -- 3.62 3.70
Class B................. 13.91 (0.01) -- 3.51 3.50
Class C................. 13.78 (0.03) -- 3.48 3.45
Class Y................. 14.41 0.15 -- 3.64 3.79
For the Year Ended
October 31, 2005
Class A................. 13.44 0.06 -- 2.25 2.31
Class B................. 13.23 -- -- 2.16 2.16
Class C................. 13.12 (0.01) -- 2.15 2.14
Class Y................. 13.54 0.12 -- 2.27 2.39
For the Year Ended
October 31, 2004
Class A................. 12.93 0.07 -- 1.31 1.38
Class B................. 12.82 0.02 -- 1.26 1.28
Class C................. 12.72 0.03 -- 1.24 1.27
Class Y................. 13.02 0.14 -- 1.30 1.44
For the Year Ended
October 31, 2003(h)
Class A................. 8.37 0.07 -- 4.51 4.58
Class B................. 8.34 0.01 -- 4.47 4.48
Class C................. 8.28 0.01 -- 4.43 4.44
Class Y................. 8.43 0.09 -- 4.56 4.65
For the Year Ended
October 31, 2002(h)
Class A................. 8.82 0.03 -- (0.48) (0.45)
Class B................. 8.81 (0.02) -- (0.45) (0.47)
Class C................. 8.78 (0.03) -- (0.47) (0.50)
Class Y................. 8.84 0.09 -- (0.50) (0.41)
THE HARTFORD LARGECAP
GROWTH FUND
From (commencement of
operations) November
30, 2006, through April
30, 2007 (Unaudited)
Class A................. 10.00 -- -- 0.52 0.52
Class B................. 10.00 (0.03) -- 0.53 0.50
Class C................. 10.00 (0.02) -- 0.52 0.50
Class Y................. 10.00 0.01 -- 0.54 0.55
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD
INTERNATIONAL
OPPORTUNITIES
FUND -- (CONTINUED)
For the Year Ended
October 31, 2004
Class A................. $ (0.01) $ -- $ -- $ (0.01) $ 1.56 $11.22
Class B................. -- -- -- -- 1.42 10.64
Class C................. -- -- -- -- 1.41 10.57
Class Y................. (0.05) -- -- (0.05) 1.62 11.53
For the Year Ended
October 31, 2003
Class A................. -- -- -- -- 1.63 9.66
Class B................. -- -- -- -- 1.51 9.22
Class C................. -- -- -- -- 1.49 9.16
Class Y................. -- -- -- -- 1.72 9.91
For the Year Ended
October 31, 2002(h)
Class A................. -- -- -- -- (1.30) 8.03
Class B................. -- -- -- -- (1.33) 7.71
Class C................. -- -- -- -- (1.32) 7.67
Class Y................. -- -- -- -- (1.30) 8.19
THE HARTFORD
INTERNATIONAL SMALL
COMPANY FUND
For the Six-Month Period
Ended April 30, 2007(h)
(Unaudited)(h)
Class A................. (0.15) (2.00) -- (2.15) 0.40 16.59
Class B................. (0.08) (2.00) -- (2.08) 0.35 16.07
Class C................. (0.06) (2.00) -- (2.06) 0.34 15.89
Class Y................. (0.19) (2.00) -- (2.19) 0.43 16.80
For the Year Ended
October 31, 2006(h)
Class A................. (0.25) (1.53) -- (1.78) 1.92 16.19
Class B................. (0.16) (1.53) -- (1.69) 1.81 15.72
Class C................. (0.15) (1.53) -- (1.68) 1.77 15.55
Class Y................. (0.30) (1.53) -- (1.83) 1.96 16.37
For the Year Ended
October 31, 2005
Class A................. -- (1.48) -- (1.48) 0.83 14.27
Class B................. -- (1.48) -- (1.48) 0.68 13.91
Class C................. -- (1.48) -- (1.48) 0.66 13.78
Class Y................. (0.04) (1.48) -- (1.52) 0.87 14.41
For the Year Ended
October 31, 2004
Class A................. -- (0.87) -- (0.87) 0.51 13.44
Class B................. -- (0.87) -- (0.87) 0.41 13.23
Class C................. -- (0.87) -- (0.87) 0.40 13.12
Class Y................. (0.05) (0.87) -- (0.92) 0.52 13.54
For the Year Ended
October 31, 2003(h)
Class A................. (0.02) -- -- (0.02) 4.56 12.93
Class B................. -- -- -- -- 4.48 12.82
Class C................. -- -- -- -- 4.44 12.72
Class Y................. (0.06) -- -- (0.06) 4.59 13.02
For the Year Ended
October 31, 2002(h)
Class A................. -- -- -- -- (0.45) 8.37
Class B................. -- -- -- -- (0.47) 8.34
Class C................. -- -- -- -- (0.50) 8.28
Class Y................. -- -- -- -- (0.41) 8.43
THE HARTFORD LARGECAP
GROWTH FUND
From (commencement of
operations) November
30, 2006, through April
30, 2007 (Unaudited)
Class A................. (0.01) -- -- (0.01) 0.51 10.51
Class B................. (0.01) -- -- (0.01) 0.49 10.49
Class C................. (0.01) -- -- (0.01) 0.49 10.49
Class Y................. (0.02) -- -- (0.02) 0.53 10.53
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD
INTERNATIONAL
OPPORTUNITIES
FUND -- (CONTINUED)
For the Year Ended
October 31, 2004
Class A................. 16.20% $ 87,348 1.83% 1.65% 1.65% 0.33% 143%
Class B................. 15.40 23,301 2.77 2.35 2.35 (0.39) --
Class C................. 15.39 15,749 2.48 2.35 2.35 (0.38) --
Class Y................. 16.87 4,288 1.09 1.08 1.08 0.82 --
For the Year Ended
October 31, 2003
Class A................. 20.30 69,153 1.72 1.65 1.65 0.25 138
Class B................. 19.58 20,459 2.45 2.35 2.35 (0.46) --
Class C................. 19.43 14,790 2.35 2.35 2.35 (0.45) --
Class Y................. 21.00 6,058 1.13 1.13 1.13 0.77 --
For the Year Ended
October 31, 2002(h)
Class A................. (13.93) 66,775 1.82 1.65 1.65 0.34 175
Class B................. (14.71) 18,668 2.50 2.35 2.35 (0.79) --
Class C................. (14.68) 13,438 2.40 2.35 2.35 (0.64) --
Class Y................. (13.70) 4,543 1.13 1.13 1.13 0.31 --
THE HARTFORD
INTERNATIONAL SMALL
COMPANY FUND
For the Six-Month Period
Ended April 30, 2007(h)
(Unaudited)(h)
Class A................. 17.95(f) 121,245 1.49(e) 1.49(e) 1.49(e) 0.24(e) 55
Class B................. 17.61(f) 17,090 2.43(e) 2.22(e) 2.22(e) (0.56)(e) --
Class C................. 17.58(f) 27,835 2.21(e) 2.21(e) 2.21(e) (0.54)(e) --
Class Y................. 18.21(f) 116,038 1.00(e) 1.00(e) 1.00(e) 0.59(e) --
For the Year Ended
October 31, 2006(h)
Class A................. 29.36 69,998 1.74 1.60 1.60 0.56 107
Class B................. 28.51 11,960 2.66 2.24 2.24 (0.08) --
Class C................. 28.35 18,486 2.43 2.35 2.35 (0.22) --
Class Y................. 29.89 86,707 1.20 1.20 1.20 0.97 --
For the Year Ended
October 31, 2005
Class A................. 18.90 34,896 1.82 1.60 1.60 0.71 112
Class B................. 17.96 6,101 2.78 2.35 2.35 (0.02) --
Class C................. 17.96 12,614 2.46 2.35 2.35 (0.06) --
Class Y................. 19.40 65,828 1.28 1.20 1.20 1.13 --
For the Year Ended
October 31, 2004
Class A................. 11.39 23,934 1.99 1.65 1.65 0.90 119
Class B................. 10.62 3,726 2.89 2.35 2.35 0.15 --
Class C................. 10.63 10,072 2.60 2.35 2.35 0.27 --
Class Y................. 11.80 42,449 1.41 1.20 1.20 1.26 --
For the Year Ended
October 31, 2003(h)
Class A................. 54.76 12,320 2.36 1.65 1.65 0.72 166
Class B................. 53.72 2,237 3.09 2.35 2.35 0.03 --
Class C................. 53.62 3,004 2.96 2.35 2.35 (0.03) --
Class Y................. 55.47 25,154 1.64 1.20 1.20 0.93 --
For the Year Ended
October 31, 2002(h)
Class A................. (5.10) 4,598 3.09 1.65 1.65 0.44 194
Class B................. (5.34) 926 3.81 2.35 2.35 (0.26) --
Class C................. (5.70) 859 3.53 2.35 2.35 (0.26) --
Class Y................. (4.64) 969 1.91 1.20 1.20 0.89 --
THE HARTFORD LARGECAP
GROWTH FUND
From (commencement of
operations) November
30, 2006, through April
30, 2007 (Unaudited)
Class A................. 5.23(f) 10,057 1.53(e) 1.25(e) 1.25(e) (0.06)(e) 53
Class B................. 4.97(f) 313 2.36(e) 2.00(e) 2.00(e) (0.82)(e) --
Class C................. 4.97(f) 470 2.35(e) 2.00(e) 2.00(e) (0.89)(e) --
Class Y................. 5.47(f) 105 1.28(e) 0.85(e) 0.85(e) 0.34(e) --
</Table>
The accompanying notes are an integral part of these financial statements.
362
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD MIDCAP FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $25.31 $ 0.10 $0.02 $ 3.16 $ 3.28
Class B................. 23.35 0.01 0.02 2.87 2.90
Class C................. 23.47 0.02 0.02 2.88 2.92
Class Y................. 26.68 0.18 0.02 3.35 3.55
For the Year Ended
October 31, 2006
Class A................. 26.32 (0.03) -- 3.44 3.41
Class B................. 24.77 (0.22) -- 3.22 3.00
Class C................. 24.86 (0.20) -- 3.23 3.03
Class Y................. 27.42 0.08 -- 3.60 3.68
For the Year Ended
October 31, 2005
Class A................. 22.61 (0.05) -- 4.24 4.19
Class B................. 21.47 (0.24) -- 4.02 3.78
Class C................. 21.52 (0.22) -- 4.04 3.82
Class Y................. 23.43 0.07 -- 4.40 4.47
For the Year Ended
October 31, 2004
Class A................. 20.58 (0.09) -- 2.12 2.03
Class B................. 19.68 (0.25) -- 2.04 1.79
Class C................. 19.71 (0.23) -- 2.04 1.81
Class Y................. 21.21 0.02 -- 2.20 2.22
For the Year Ended
October 31, 2003
Class A................. 15.50 (0.08) -- 5.16 5.08
Class B................. 14.93 (0.20) -- 4.95 4.75
Class C................. 14.94 (0.18) -- 4.95 4.77
Class Y................. 15.88 -- -- 5.33 5.33
For the Year Ended
October 31, 2002(h)
Class A................. 16.57 (0.10) -- (0.97) (1.07)
Class B................. 16.07 (0.21) -- (0.93) (1.14)
Class C................. 16.08 (0.21) -- (0.93) (1.14)
Class Y................. 16.89 (0.02) -- (0.99) (1.01)
THE HARTFORD MIDCAP
GROWTH FUND
For the Six-Month Period
Ended April 30,
2007(Unaudited)(h)
Class A................. 10.63 0.01 0.02 2.02 2.05
Class B................. 10.61 (0.04) 0.02 2.01 1.99
Class C................. 10.61 (0.03) 0.02 2.00 1.99
Class Y................. 10.64 0.01 0.02 2.04 2.07
From (commencement of
operations) July 31,
2006, through October
31, 2006
Class A................. 10.00 (0.01) -- 0.64 0.63
Class B................. 10.00 (0.03) -- 0.64 0.61
Class C................. 10.00 (0.02) -- 0.63 0.61
Class Y................. 10.00 -- -- 0.64 0.64
THE HARTFORD MIDCAP VALUE
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 14.57 0.01 -- 2.02 2.03
Class B................. 13.93 (0.05) -- 1.93 1.88
Class C................. 13.93 (0.04) -- 1.93 1.89
Class Y................. 15.00 0.15 0.02 1.98 2.15
For the Year Ended
October 31, 2006
Class A................. 13.29 0.01 -- 2.59 2.60
Class B................. 12.85 (0.10) -- 2.50 2.40
Class C................. 12.85 (0.10) -- 2.50 2.40
Class Y................. 13.59 0.08 -- 2.65 2.73
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD MIDCAP FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $ -- $(4.02) $ -- $ (4.02) $(0.74) $24.57
Class B................. -- (4.02) -- (4.02) (1.12) 22.23
Class C................. -- (4.02) -- (4.02) (1.10) 22.37
Class Y................. -- (4.02) -- (4.02) (0.47) 26.21
For the Year Ended
October 31, 2006
Class A................. -- (4.42) -- (4.42) (1.01) 25.31
Class B................. -- (4.42) -- (4.42) (1.42) 23.35
Class C................. -- (4.42) -- (4.42) (1.39) 23.47
Class Y................. -- (4.42) -- (4.42) (0.74) 26.68
For the Year Ended
October 31, 2005
Class A................. -- (0.48) -- (0.48) 3.71 26.32
Class B................. -- (0.48) -- (0.48) 3.30 24.77
Class C................. -- (0.48) -- (0.48) 3.34 24.86
Class Y................. -- (0.48) -- (0.48) 3.99 27.42
For the Year Ended
October 31, 2004
Class A................. -- -- -- -- 2.03 22.61
Class B................. -- -- -- -- 1.79 21.47
Class C................. -- -- -- -- 1.81 21.52
Class Y................. -- -- -- -- 2.22 23.43
For the Year Ended
October 31, 2003
Class A................. -- -- -- -- 5.08 20.58
Class B................. -- -- -- -- 4.75 19.68
Class C................. -- -- -- -- 4.77 19.71
Class Y................. -- -- -- -- 5.33 21.21
For the Year Ended
October 31, 2002(h)
Class A................. -- -- -- -- (1.07) 15.50
Class B................. -- -- -- -- (1.14) 14.93
Class C................. -- -- -- -- (1.14) 14.94
Class Y................. -- -- -- -- (1.01) 15.88
THE HARTFORD MIDCAP
GROWTH FUND
For the Six-Month Period
Ended April 30,
2007(Unaudited)(h)
Class A................. (0.04) (0.08) -- (0.12) 1.93 12.56
Class B................. (0.01) (0.08) -- (0.09) 1.90 12.51
Class C................. (0.03) (0.08) -- (0.11) 1.88 12.49
Class Y................. (0.06) (0.08) -- (0.14) 1.93 12.57
From (commencement of
operations) July 31,
2006, through October
31, 2006
Class A................. -- -- -- -- 0.63 10.63
Class B................. -- -- -- -- 0.61 10.61
Class C................. -- -- -- -- 0.61 10.61
Class Y................. -- -- -- -- 0.64 10.64
THE HARTFORD MIDCAP VALUE
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. -- (1.91) -- (1.91) 0.12 14.69
Class B................. -- (1.91) -- (1.91) (0.03) 13.90
Class C................. -- (1.91) -- (1.91) (0.02) 13.91
Class Y................. -- (1.91) -- (1.91) 0.24 15.24
For the Year Ended
October 31, 2006
Class A................. -- (1.32) -- (1.32) 1.28 14.57
Class B................. -- (1.32) -- (1.32) 1.08 13.93
Class C................. -- (1.32) -- (1.32) 1.08 13.93
Class Y................. -- (1.32) -- (1.32) 1.41 15.00
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD MIDCAP FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 15.09%(f)(i) $ 2,063,334 1.24%(e) 1.24%(e) 1.24%(e) 0.84%(e) 30%
Class B................. 14.66(f)(i) 467,387 2.01(e) 2.01(e) 2.01(e) 0.11(e) --
Class C................. 14.68(f)(i) 520,128 1.93(e) 1.93(e) 1.93(e) 0.19(e) --
Class Y................. 15.37(f)(i) 182,172 0.80(e) 0.80(e) 0.80(e) 1.38(e) --
For the Year Ended
October 31, 2006
Class A................. 14.84 1,837,361 1.27 1.27 1.27 (0.13) 84
Class B................. 13.97 449,488 2.04 2.04 2.04 (0.90) --
Class C................. 14.06 499,039 1.96 1.96 1.96 (0.82) --
Class Y................. 15.31 184,149 0.81 0.81 0.81 0.33 --
For the Year Ended
October 31, 2005
Class A................. 18.85 1,677,327 1.30 1.30 1.30 (0.20) 74
Class B................. 17.92 464,175 2.08 2.08 2.08 (0.98) --
Class C................. 18.07 499,502 1.99 1.99 1.99 (0.89) --
Class Y................. 19.40 139,273 0.83 0.83 0.83 0.26 --
For the Year Ended
October 31, 2004
Class A................. 9.86 1,544,968 1.37 1.37 1.37 (0.41) 52
Class B................. 9.10 438,658 2.11 2.11 2.11 (1.15) --
Class C................. 9.18 484,268 2.02 2.02 2.02 (1.06) --
Class Y................. 10.47 104,534 0.85 0.85 0.85 0.11 --
For the Year Ended
October 31, 2003
Class A................. 32.77 1,413,021 1.50 1.48 1.48 (0.58) 70
Class B................. 31.82 424,959 2.23 2.20 2.20 (1.30) --
Class C................. 31.93 477,891 2.10 2.10 2.10 (1.21) --
Class Y................. 33.56 83,996 0.90 0.90 0.90 (0.01) --
For the Year Ended
October 31, 2002(h)
Class A................. (6.46) 704,238 1.56 1.45 1.45 (0.65) 109
Class B................. (7.09) 266,650 2.24 2.15 2.15 (1.35) --
Class C................. (7.09) 275,305 2.12 2.12 2.12 (1.31) --
Class Y................. (5.98) 27,319 0.92 0.92 0.92 (0.08) --
THE HARTFORD MIDCAP
GROWTH FUND
For the Six-Month Period
Ended April 30,
2007(Unaudited)(h)
Class A................. 19.45(f)(i) 16,471 1.54(e) 0.62(e) 0.62(e) 0.12(e) 169
Class B................. 18.89(f)(i) 805 2.49(e) 1.58(e) 1.58(e) (0.75)(e) --
Class C................. 18.88(f)(i) 1,627 2.44(e) 1.58(e) 1.58(e) (0.68)(e) --
Class Y................. 19.61(f)(i) 127 1.26(e) 0.38(e) 0.38(e) 0.30(e) --
From (commencement of
operations) July 31,
2006, through October
31, 2006
Class A................. 6.30(f) 10,334 1.66(e) 1.20(e) 1.20(e) (0.29)(e) 112
Class B................. 6.10(f) 297 2.47(e) 2.05(e) 2.05(e) (1.16)(e) --
Class C................. 6.10(f) 357 2.49(e) 2.07(e) 2.07(e) (1.20)(e) --
Class Y................. 6.40(f) 106 1.41(e) 0.79(e) 0.79(e) 0.12(e) --
THE HARTFORD MIDCAP VALUE
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 15.86(f)(i) 331,213 1.42(e) 1.40(e) 1.40(e) 0.07(e) 16
Class B................. 15.45(f)(i) 66,052 2.26(e) 2.15(e) 2.15(e) (0.67)(e) --
Class C................. 15.53(f)(i) 67,763 2.12(e) 2.12(e) 2.12(e) (0.64)(e) --
Class Y................. 16.23(f)(i) 1,448 0.88(e) 0.88(e) 0.88(e) 0.88(e) --
For the Year Ended
October 31, 2006
Class A................. 21.37 305,002 1.45 1.40 1.40 0.06 40
Class B................. 20.46 62,580 2.28 2.15 2.15 (0.69) --
Class C................. 20.45 63,302 2.16 2.15 2.15 (0.69) --
Class Y................. 21.90 31,100 0.94 0.94 0.94 0.48 --
</Table>
363
HARTFORD MUTUAL FUNDS, INC. AND HARTFORD MUTUAL FUNDS II, INC.
FINANCIAL HIGHLIGHTS -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD MIDCAP VALUE
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. $12.89 $ (0.04) $ -- $ 1.41 $ 1.37
Class B................. 12.59 (0.14) -- 1.37 1.23
Class C................. 12.59 (0.15) -- 1.38 1.23
Class Y................. 13.11 0.01 -- 1.44 1.45
For the Year Ended
October 31, 2004
Class A................. 11.32 (0.04) -- 1.61 1.57
Class B................. 11.12 (0.13) -- 1.60 1.47
Class C................. 11.13 (0.13) -- 1.59 1.46
Class Y................. 11.46 (0.01) -- 1.66 1.65
For the Year Ended
October 31, 2003(h)
Class A................. 8.34 (0.03) -- 3.01 2.98
Class B................. 8.25 (0.09) -- 2.96 2.87
Class C................. 8.25 (0.09) -- 2.97 2.88
Class Y................. 8.39 0.02 -- 3.05 3.07
For the Year Ended
October 31, 2002(h)
Class A................. 8.48 (0.02) -- (0.12) (0.14)
Class B................. 8.46 (0.09) -- (0.12) (0.21)
Class C................. 8.46 (0.09) -- (0.12) (0.21)
Class Y................. 8.50 0.01 -- (0.12) (0.11)
THE HARTFORD MONEY MARKET
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 1.00 0.02 -- -- 0.02
Class B................. 1.00 0.02 -- -- 0.02
Class C................. 1.00 0.02 -- -- 0.02
Class Y................. 1.00 0.02 -- -- 0.02
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 1.00 0.01 -- -- 0.01
Class R4................ 1.00 0.02 -- -- 0.02
Class R5................ 1.00 0.02 -- -- 0.02
For the Year Ended
October 31, 2006
Class A................. 1.00 0.04 -- -- 0.04
Class B................. 1.00 0.03 -- -- 0.03
Class C................. 1.00 0.03 -- -- 0.03
Class Y................. 1.00 0.04 -- -- 0.04
For the Year Ended
October 31, 2005
Class A................. 1.00 0.02 -- -- 0.02
Class B................. 1.00 0.01 -- -- 0.01
Class C................. 1.00 0.01 -- -- 0.01
Class Y................. 1.00 0.02 -- -- 0.02
For the Year Ended
October 31, 2004
Class A................. 1.00 0.0030 -- -- 0.0030
Class B................. 1.00 0.0001 -- -- 0.0001
Class C................. 1.00 0.0001 -- -- 0.0001
Class Y................. 1.00 0.0070 -- -- 0.0070
For the Year Ended
October 31, 2003
Class A................. 1.00 0.003 -- -- 0.003
Class B................. 1.00 -- -- -- --
Class C................. 1.00 -- -- -- --
Class Y................. 1.00 0.008 -- -- 0.008
For the Year Ended
October 31, 2002(h)
Class A................. 1.00 0.011 -- -- 0.011
Class B................. 1.00 0.004 -- -- 0.004
Class C................. 1.00 0.004 -- -- 0.004
Class Y................. 1.00 0.017 -- -- 0.017
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD MIDCAP VALUE
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. $ -- $(0.97) $ -- $ (0.97) $ 0.40 $13.29
Class B................. -- (0.97) -- (0.97) 0.26 12.85
Class C................. -- (0.97) -- (0.97) 0.26 12.85
Class Y................. -- (0.97) -- (0.97) 0.48 13.59
For the Year Ended
October 31, 2004
Class A................. -- -- -- -- 1.57 12.89
Class B................. -- -- -- -- 1.47 12.59
Class C................. -- -- -- -- 1.46 12.59
Class Y................. -- -- -- -- 1.65 13.11
For the Year Ended
October 31, 2003(h)
Class A................. -- -- -- -- 2.98 11.32
Class B................. -- -- -- -- 2.87 11.12
Class C................. -- -- -- -- 2.88 11.13
Class Y................. -- -- -- -- 3.07 11.46
For the Year Ended
October 31, 2002(h)
Class A................. -- -- -- -- (0.14) 8.34
Class B................. -- -- -- -- (0.21) 8.25
Class C................. -- -- -- -- (0.21) 8.25
Class Y................. -- -- -- -- (0.11) 8.39
THE HARTFORD MONEY MARKET
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.02) -- -- (0.02) -- 1.00
Class B................. (0.02) -- -- (0.02) -- 1.00
Class C................. (0.02) -- -- (0.02) -- 1.00
Class Y................. (0.02) -- -- (0.02) -- 1.00
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ (0.01) -- -- (0.01) -- 1.00
Class R4................ (0.02) -- -- (0.02) -- 1.00
Class R5................ (0.02) -- -- (0.02) -- 1.00
For the Year Ended
October 31, 2006
Class A................. (0.04) -- -- (0.04) -- 1.00
Class B................. (0.03) -- -- (0.03) -- 1.00
Class C................. (0.03) -- -- (0.03) -- 1.00
Class Y................. (0.04) -- -- (0.04) -- 1.00
For the Year Ended
October 31, 2005
Class A................. (0.02) -- -- (0.02) -- 1.00
Class B................. (0.01) -- -- (0.01) -- 1.00
Class C................. (0.01) -- -- (0.01) -- 1.00
Class Y................. (0.02) -- -- (0.02) -- 1.00
For the Year Ended
October 31, 2004
Class A................. (0.0030) -- -- (0.0030) -- 1.00
Class B................. (0.0001) -- -- (0.0001) -- 1.00
Class C................. (0.0001) -- -- (0.0001) -- 1.00
Class Y................. (0.0070) -- -- (0.0070) -- 1.00
For the Year Ended
October 31, 2003
Class A................. (0.003) -- -- (0.003) -- 1.00
Class B................. -- -- -- -- -- 1.00
Class C................. -- -- -- -- -- 1.00
Class Y................. (0.008) -- -- (0.008) -- 1.00
For the Year Ended
October 31, 2002(h)
Class A................. (0.011) -- -- (0.011) -- 1.00
Class B................. (0.004) -- -- (0.004) -- 1.00
Class C................. (0.004) -- -- (0.004) -- 1.00
Class Y................. (0.017) -- -- (0.017) -- 1.00
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD MIDCAP VALUE
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. 11.31% $ 280,662 1.49% 1.40% 1.40% (0.31)% 49%
Class B................. 10.40 59,350 2.33 2.15 2.15 (1.06) --
Class C................. 10.40 61,194 2.19 2.15 2.15 (1.06) --
Class Y................. 11.76 39,965 0.96 0.96 0.96 0.13 --
For the Year Ended
October 31, 2004
Class A................. 13.87 280,173 1.56 1.45 1.45 (0.03) 46
Class B................. 13.22 60,558 2.36 2.15 2.15 (1.04) --
Class C................. 13.12 67,132 2.20 2.15 2.15 (1.04) --
Class Y................. 14.40 2,474 0.90 0.90 0.90 (0.12) --
For the Year Ended
October 31, 2003(h)
Class A................. 35.73 155,614 1.60 1.45 1.45 (0.35) 56
Class B................. 34.79 42,407 2.33 2.15 2.15 (1.05) --
Class C................. 34.91 49,566 2.20 2.15 2.15 (1.05) --
Class Y................. 36.59 29 1.03 1.00 1.00 0.16 --
For the Year Ended
October 31, 2002(h)
Class A................. (1.65) 94,532 1.68 1.45 1.45 (0.23) 40
Class B................. (2.48) 26,556 2.38 2.15 2.15 (0.95) --
Class C................. (2.48) 32,274 2.27 2.15 2.15 (0.96) --
Class Y................. (1.29) 252 1.02 1.00 1.00 0.23 --
THE HARTFORD MONEY MARKET
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 2.22(f) 236,499 1.18(e) 0.95(e) 0.95(e) 4.43(e) N/A
Class B................. 1.84(f) 24,995 1.84(e) 1.70(e) 1.70(e) 3.67(e) --
Class C................. 1.83(f) 15,314 1.81(e) 1.70(e) 1.70(e) 3.67(e) --
Class Y................. 2.42(f) 4,586 0.59(e) 0.55(e) 0.55(e) 4.77(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 2.17(f) 10 1.50(e) 1.20(e) 1.20(e) 4.21(e) --
Class R4................ 2.28(f) 10 1.18(e) 0.90(e) 0.90(e) 4.51(e) --
Class R5................ 2.39(f) 10 0.89(e) 0.60(e) 0.60(e) 4.81(e) --
For the Year Ended
October 31, 2006
Class A................. 4.00 207,592 1.14 0.95 0.95 3.95 N/A
Class B................. 3.22 27,995 1.79 1.70 1.70 3.18 --
Class C................. 3.22 16,997 1.76 1.70 1.70 3.20 --
Class Y................. 4.34 13,628 0.61 0.55 0.55 4.29 --
For the Year Ended
October 31, 2005
Class A................. 1.99 182,308 1.22 0.95 0.95 1.96 N/A
Class B................. 1.23 30,716 1.88 1.70 1.70 1.16 --
Class C................. 1.23 18,790 1.80 1.70 1.70 1.19 --
Class Y................. 2.40 16,114 0.61 0.55 0.55 2.47 --
For the Year Ended
October 31, 2004
Class A................. 0.28 205,442 1.22 1.00 1.00 0.27 N/A
Class B................. 0.01 45,836 1.82 1.25 1.25 0.01 --
Class C................. 0.01 26,626 1.77 1.27 1.27 0.01 --
Class Y................. 0.72 9,698 0.56 0.55 0.55 0.96 --
For the Year Ended
October 31, 2003
Class A................. 0.32 246,199 1.28 1.00 1.00 0.33 N/A
Class B................. 0.00 67,732 2.01 1.33(i) 1.33(i) 0.01 --
Class C................. 0.00 29,955 1.89 1.36(i) 1.36(i) 0.01 --
Class Y................. 0.78 1,162 0.68 0.55 0.55 0.84 --
For the Year Ended
October 31, 2002(h)
Class A................. 1.09 302,862 1.30 1.00 1.00 1.06 N/A
Class B................. 0.43 99,048 1.96 1.70 1.70 0.37 --
Class C................. 0.42 65,894 1.82 1.70 1.70 0.37 --
Class Y................. 1.72 2,815 0.62 0.55 0.55 1.51 --
</Table>
The accompanying notes are an integral part of these financial statements.
364
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD RETIREMENT
INCOME FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $ 9.59 $ 0.15 $ -- $ 0.31 $ 0.46
Class B................. 9.59 0.11 -- 0.32 0.43
Class C................. 9.61 0.12 -- 0.30 0.42
Class Y................. 9.60 0.16 -- 0.31 0.47
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 9.66 0.05 -- 0.23 0.28
Class R4................ 9.66 0.06 -- 0.23 0.29
Class R5................ 9.66 0.07 -- 0.23 0.30
For the Year Ended
October 31, 2006
Class A................. 9.87 0.62 -- (0.15) 0.47
Class B................. 9.87 0.63 -- (0.24) 0.39
Class C................. 9.87 0.63 -- (0.22) 0.41
Class Y................. 9.86 0.71 -- (0.19) 0.52
From (commencement of
operations) September
30, 2005, through
October 31, 2005
Class A................. 10.00 0.02 -- (0.14) (0.12)
Class B................. 10.00 0.01 -- (0.14) (0.13)
Class C................. 10.00 0.01 -- (0.14) (0.13)
Class Y................. 10.00 0.01 -- (0.14) (0.13)
THE HARTFORD SELECT
MIDCAP GROWTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. 11.28 (0.02) -- 1.38 1.36
Class B................. 11.14 (0.06) -- 1.37 1.31
Class C................. 11.13 (0.07) -- 1.36 1.29
Class Y................. 11.36 (0.01) -- 1.40 1.39
For the Year Ended
October 31, 2006
Class A................. 10.14 (0.08) -- 1.32 1.24
Class B................. 10.08 (0.15) -- 1.31 1.16
Class C................. 10.08 (0.15) -- 1.30 1.15
Class Y................. 10.17 (0.04) -- 1.33 1.29
From (commencement of
operations) January 1,
2005, through October
31, 2005
Class A................. 10.06 (0.06) -- 0.14 0.08
Class B................. 10.06 (0.09) -- 0.11 0.02
Class C................. 10.06 (0.09) -- 0.11 0.02
Class Y................. 10.06 (0.05) -- 0.16 0.11
THE HARTFORD SELECT
MIDCAP VALUE FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 12.41 0.02 -- 0.96 0.98
Class B................. 12.28 (0.02) -- 0.94 0.92
Class C................. 12.28 (0.02) -- 0.94 0.92
Class Y................. 12.40 0.05 -- 0.96 1.01
For the Year Ended
October 31, 2006
Class A................. 10.79 -- -- 1.87 1.87
Class B................. 10.75 (0.10) -- 1.87 1.77
Class C................. 10.75 (0.09) -- 1.86 1.77
Class Y................. 10.81 0.07 -- 1.81 1.88
From (commencement of
operations) April 29,
2005, through October
31, 2005
Class A................. 10.00 -- -- 0.79 0.79
Class B................. 10.00 (0.03) -- 0.78 0.75
Class C................. 10.00 (0.03) -- 0.78 0.75
Class Y................. 10.00 0.02 -- 0.79 0.81
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD RETIREMENT
INCOME FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $ (0.18) $ -- $ -- $ (0.18) $ 0.28 $ 9.87
Class B................. (0.14) -- -- (0.14) 0.29 9.88
Class C................. (0.14) -- -- (0.14) 0.28 9.89
Class Y................. (0.19) -- -- (0.19) 0.28 9.88
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ (0.06) -- -- (0.06) 0.22 9.88
Class R4................ (0.07) -- -- (0.07) 0.22 9.88
Class R5................ (0.08) -- -- (0.08) 0.22 9.88
For the Year Ended
October 31, 2006
Class A................. (0.75) -- -- (0.75) (0.28) 9.59
Class B................. (0.67) -- -- (0.67) (0.28) 9.59
Class C................. (0.67) -- -- (0.67) (0.26) 9.61
Class Y................. (0.78) -- -- (0.78) (0.26) 9.60
From (commencement of
operations) September
30, 2005, through
October 31, 2005
Class A................. (0.01) -- -- (0.01) (0.13) 9.87
Class B................. -- -- -- -- (0.13) 9.87
Class C................. -- -- -- -- (0.13) 9.87
Class Y................. (0.01) -- -- (0.01) (0.14) 9.86
THE HARTFORD SELECT
MIDCAP GROWTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. -- (0.48) -- (0.48) 0.88 12.16
Class B................. -- (0.48) -- (0.48) 0.83 11.97
Class C................. -- (0.48) -- (0.48) 0.81 11.94
Class Y................. -- (0.48) -- (0.48) 0.91 12.27
For the Year Ended
October 31, 2006
Class A................. -- (0.10) -- (0.10) 1.14 11.28
Class B................. -- (0.10) -- (0.10) 1.06 11.14
Class C................. -- (0.10) -- (0.10) 1.05 11.13
Class Y................. -- (0.10) -- (0.10) 1.19 11.36
From (commencement of
operations) January 1,
2005, through October
31, 2005
Class A................. -- -- -- -- 0.08 10.14
Class B................. -- -- -- -- 0.02 10.08
Class C................. -- -- -- -- 0.02 10.08
Class Y................. -- -- -- -- 0.11 10.17
THE HARTFORD SELECT
MIDCAP VALUE FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. -- -- -- -- 0.98 13.39
Class B................. -- -- -- -- 0.92 13.20
Class C................. -- -- -- -- 0.92 13.20
Class Y................. -- -- -- -- 1.01 13.41
For the Year Ended
October 31, 2006
Class A................. (0.01) (0.24) -- (0.25) 1.62 12.41
Class B................. -- (0.24) -- (0.24) 1.53 12.28
Class C................. -- (0.24) -- (0.24) 1.53 12.28
Class Y................. (0.05) (0.24) -- (0.29) 1.59 12.40
From (commencement of
operations) April 29,
2005, through October
31, 2005
Class A................. -- -- -- -- 0.79 10.79
Class B................. -- -- -- -- 0.75 10.75
Class C................. -- -- -- -- 0.75 10.75
Class Y................. -- -- -- -- 0.81 10.81
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD RETIREMENT
INCOME FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 4.83%(f) $ 1,029 7.06%(e) 0.50%(e) 0.50%(e) 2.72%(e) 34%
Class B................. 4.54(f) 205 8.30(e) 1.25(e) 1.25(e) 2.25(e) --
Class C................. 4.42(f) 182 8.37(e) 1.25(e) 1.25(e) 2.35(e) --
Class Y................. 4.96(f) 120 7.28(e) 0.20(e) 0.20(e) 3.35(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 4.71(f) 10 7.36(e) 0.91(e) 0.91(e) 1.49(e) --
Class R4................ 4.78(f) 10 7.03(e) 0.58(e) 0.58(e) 1.80(e) --
Class R5................ 4.89(f) 10 6.76(e) 0.30(e) 0.30(e) 2.10(e) --
For the Year Ended
October 31, 2006
Class A................. 5.03 420 18.36 0.54 0.54 2.54 37
Class B................. 4.21 173 16.36 1.30 1.30 1.89 --
Class C................. 4.42 161 15.65 1.30 1.30 1.88 --
Class Y................. 5.55 114 15.43 0.24 0.24 2.96 --
From (commencement of
operations) September
30, 2005, through
October 31, 2005
Class A................. (1.22)(f) 47 0.63(e) 0.53(e) 0.53(e) 4.08(e) 83
Class B................. (1.29)(f) 10 1.36(e) 1.26(e) 1.26(e) 1.76(e) --
Class C................. (1.29)(f) 10 1.36(e) 1.26(e) 1.26(e) 1.76(e) --
Class Y................. (1.30)(f) 10 0.28(e) 0.28(e) 0.28(e) 2.75(e) --
THE HARTFORD SELECT
MIDCAP GROWTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. 12.49(f) 19,479 1.68(e) 1.39(e) 1.39(e) (0.44)(e) 109
Class B................. 12.18(f) 4,015 2.66(e) 1.99(e) 1.99(e) (1.04)(e) --
Class C................. 12.01(f) 4,340 2.50(e) 2.13(e) 2.13(e) (1.18)(e) --
Class Y................. 12.68(f) 110 1.12(e) 1.03(e) 1.03(e) (0.46)(e) --
For the Year Ended
October 31, 2006
Class A................. 12.31 23,542 1.69 1.50 1.50 (0.85) 99
Class B................. 11.58 3,725 2.67 2.11 2.11 (1.46) --
Class C................. 11.48 3,861 2.52 2.26 2.26 (1.60) --
Class Y................. 12.77 28,868 1.13 1.11 1.11 (0.45) --
From (commencement of
operations) January 1,
2005, through October
31, 2005
Class A................. 0.80(f) 14,995 2.22(e) 1.50(e) 1.50(e) (0.95)(e) 97
Class B................. 0.20(f) 2,354 3.35(e) 2.25(e) 2.25(e) (1.70)(e) --
Class C................. 0.20(f) 1,741 3.26(e) 2.25(e) 2.25(e) (1.70)(e) --
Class Y................. 1.09(f) 210 1.66(e) 1.10(e) 1.10(e) (0.55)(e) --
THE HARTFORD SELECT
MIDCAP VALUE FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 12.40(f) 42,587 1.49(e) 1.37(e) 1.37(e) 0.36(e) 130
Class B................. 12.03(f) 4,624 2.44(e) 2.06(e) 2.06(e) (0.31)(e) --
Class C................. 12.03(f) 8,940 2.26(e) 2.10(e) 2.10(e) (0.36)(e) --
Class Y................. 12.66(f) 4,767 1.06(e) 0.98(e) 0.98(e) 0.67(e) --
For the Year Ended
October 31, 2006
Class A................. 17.66 47,937 1.69 1.55 1.55 (0.10) 63
Class B................. 16.79 4,137 2.67 2.30 2.30 (0.84) --
Class C................. 16.79 7,417 2.53 2.30 2.30 (0.84) --
Class Y................. 17.79 20,025 1.33 1.15 1.15 0.26 --
From (commencement of
operations) April 29,
2005, through October
31, 2005
Class A................. 7.90(f) 22,423 1.67(e) 1.55(e) 1.55(e) (0.08)(e) 30
Class B................. 7.50(f) 1,714 2.64(e) 2.30(e) 2.30(e) (0.92)(e) --
Class C................. 7.50(f) 2,885 2.53(e) 2.30(e) 2.30(e) (0.96)(e) --
Class Y................. 8.10(f) 541 1.36(e) 1.15(e) 1.15(e) 0.37(e) --
</Table>
365
HARTFORD MUTUAL FUNDS, INC. AND HARTFORD MUTUAL FUNDS II, INC.
FINANCIAL HIGHLIGHTS -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD SELECT
SMALLCAP VALUE FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $10.96 $ 0.03 $ -- $ 0.88 $ 0.91
Class B................. 10.93 (0.01) -- 0.87 0.86
Class C................. 10.93 (0.01) -- 0.88 0.87
Class Y................. 10.97 0.05 -- 0.87 0.92
From (commencement of
operations) July 31,
2006, through October
31, 2006(h)
Class A................. 10.00 0.02 -- 0.94 0.96
Class B................. 10.00 -- -- 0.93 0.93
Class C................. 10.00 -- -- 0.93 0.93
Class Y................. 10.00 0.01 -- 0.96 0.97
THE HARTFORD SHORT
DURATION FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 9.89 0.22 -- 0.01 0.23
Class B................. 9.90 0.18 -- -- 0.18
Class C................. 9.90 0.18 -- -- 0.18
Class Y................. 9.88 0.23 -- 0.01 0.24
For the Year Ended
October 31, 2006
Class A................. 9.85 0.35 -- 0.04 0.39
Class B................. 9.85 0.27 -- 0.05 0.32
Class C................. 9.85 0.27 -- 0.05 0.32
Class Y................. 9.84 0.37 -- 0.04 0.41
For the Year Ended
October 31, 2005
Class A................. 10.08 0.33 -- (0.24) 0.09
Class B................. 10.08 0.25 -- (0.23) 0.02
Class C................. 10.08 0.25 -- (0.23) 0.02
Class Y................. 10.07 0.35 -- (0.23) 0.12
For the Year Ended
October 31, 2004
Class A................. 10.14 0.30 -- (0.06) 0.24
Class B................. 10.14 0.23 -- (0.06) 0.17
Class C................. 10.14 0.23 -- (0.06) 0.17
From inception November
28, 2003, through
October 31, 2004
Class Y................. 10.11 0.30 -- (0.04) 0.26
From inception October
31, 2002, through
October 31, 2003
Class A................. 10.00 0.30 -- 0.14 0.44
Class B................. 10.00 0.23 -- 0.14 0.37
Class C................. 10.00 0.23 -- 0.14 0.37
THE HARTFORD SMALL
COMPANY FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 21.58 (0.03) 0.03 2.67 2.67
Class B................. 19.97 (0.09) 0.03 2.44 2.38
Class C................. 20.00 (0.10) 0.03 2.44 2.37
Class I................. 21.59 (0.02) -- 2.73 2.71
Class Y................. 22.73 0.02 0.03 2.82 2.87
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 21.95 (0.04) -- 1.76 1.72
Class R4................ 21.95 (0.07) -- 1.81 1.74
Class R5................ 21.95 (0.04) -- 1.81 1.77
For the Year Ended
October 31, 2006
Class A................. 18.45 (0.18) -- 3.31 3.13
Class B................. 17.20 (0.36) -- 3.13 2.77
Class C................. 17.22 (0.32) -- 3.10 2.78
Class Y................. 19.33 (0.06) -- 3.46 3.40
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 20.70 (0.01) -- 0.90 0.89
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD SELECT
SMALLCAP VALUE FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $ -- $(0.02) $ -- $ (0.02) $ 0.89 $11.85
Class B................. -- (0.02) -- (0.02) 0.84 11.77
Class C................. -- (0.02) -- (0.02) 0.85 11.78
Class Y................. (0.03) (0.02) -- (0.05) 0.87 11.84
From (commencement of
operations) July 31,
2006, through October
31, 2006(h)
Class A................. -- -- -- -- 0.96 10.96
Class B................. -- -- -- -- 0.93 10.93
Class C................. -- -- -- -- 0.93 10.93
Class Y................. -- -- -- -- 0.97 10.97
THE HARTFORD SHORT
DURATION FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.22) -- -- (0.22) 0.01 9.90
Class B................. (0.18) -- -- (0.18) -- 9.90
Class C................. (0.18) -- -- (0.18) -- 9.90
Class Y................. (0.23) -- -- (0.23) 0.01 9.89
For the Year Ended
October 31, 2006
Class A................. (0.35) -- -- (0.35) 0.04 9.89
Class B................. (0.27) -- -- (0.27) 0.05 9.90
Class C................. (0.27) -- -- (0.27) 0.05 9.90
Class Y................. (0.37) -- -- (0.37) 0.04 9.88
For the Year Ended
October 31, 2005
Class A................. (0.32) -- -- (0.32) (0.23) 9.85
Class B................. (0.25) -- -- (0.25) (0.23) 9.85
Class C................. (0.25) -- -- (0.25) (0.23) 9.85
Class Y................. (0.35) -- -- (0.35) (0.23) 9.84
For the Year Ended
October 31, 2004
Class A................. (0.30) -- -- (0.30) (0.06) 10.08
Class B................. (0.23) -- -- (0.23) (0.06) 10.08
Class C................. (0.23) -- -- (0.23) (0.06) 10.08
From inception November
28, 2003, through
October 31, 2004
Class Y................. (0.30) -- -- (0.30) (0.04) 10.07
From inception October
31, 2002, through
October 31, 2003
Class A................. (0.30) -- -- (0.30) 0.14 10.14
Class B................. (0.23) -- -- (0.23) 0.14 10.14
Class C................. (0.23) -- -- (0.23) 0.14 10.14
THE HARTFORD SMALL
COMPANY FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. -- (1.87) -- (1.87) 0.80 22.38
Class B................. -- (1.87) -- (1.87) 0.51 20.48
Class C................. -- (1.87) -- (1.87) 0.50 20.50
Class I................. -- (1.87) -- (1.87) 0.84 22.43
Class Y................. -- (1.87) -- (1.87) 1.00 23.73
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ -- -- -- -- 1.72 23.67
Class R4................ -- -- -- -- 1.74 23.69
Class R5................ -- -- -- -- 1.77 23.72
For the Year Ended
October 31, 2006
Class A................. -- -- -- -- 3.13 21.58
Class B................. -- -- -- -- 2.77 19.97
Class C................. -- -- -- -- 2.78 20.00
Class Y................. -- -- -- -- 3.40 22.73
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. -- -- -- -- 0.89 21.59
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD SELECT
SMALLCAP VALUE FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 8.33%(f) $ 18,161 1.35%(e) 1.35%(e) 1.35%(e) 0.66%(e) 30%
Class B................. 7.89(f) 430 2.25(e) 2.25(e) 2.25(e) (0.23)(e) --
Class C................. 7.98(f) 436 2.21(e) 2.21(e) 2.21(e) (0.19)(e) --
Class Y................. 8.46(f) 85,874 1.09(e) 1.09(e) 1.09(e) 0.98(e) --
From (commencement of
operations) July 31,
2006, through October
31, 2006(h)
Class A................. 9.60(f) 15,872 1.73(e) 1.60(e) 1.60(e) 0.78(e) 10
Class B................. 9.30(f) 308 2.53(e) 2.35(e) 2.35(e) 0.03(e) --
Class C................. 9.30(f) 280 2.51(e) 2.35(e) 2.35(e) 0.03(e) --
Class Y................. 9.70(f) 1,538 1.71(e) 1.20(e) 1.20(e) 0.79(e) --
THE HARTFORD SHORT
DURATION FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 2.32(f) 26,757 1.05(e) 0.90(e) 0.90(e) 4.46(e) 32
Class B................. 1.83(f) 6,068 1.90(e) 1.65(e) 1.65(e) 3.71(e) --
Class C................. 1.83(f) 12,318 1.80(e) 1.65(e) 1.65(e) 3.71(e) --
Class Y................. 2.46(f) 145,897 0.64(e) 0.64(e) 0.64(e) 4.73(e) --
For the Year Ended
October 31, 2006
Class A................. 4.02 26,726 1.10 0.90 0.90 3.53 119
Class B................. 3.33 6,760 1.92 1.65 1.65 2.77 --
Class C................. 3.33 14,382 1.83 1.65 1.65 2.76 --
Class Y................. 4.28 102,198 0.68 0.65 0.65 3.78 --
For the Year Ended
October 31, 2005
Class A................. 0.92 29,212 1.05 0.90 0.90 3.23 123
Class B................. 0.17 8,814 1.89 1.65 1.65 2.47 --
Class C................. 0.17 22,973 1.78 1.65 1.65 2.47 --
Class Y................. 1.18 82,439 0.67 0.65 0.65 3.53 --
For the Year Ended
October 31, 2004
Class A................. 2.40 39,148 1.06 0.95 0.95 2.95 108
Class B................. 1.68 12,267 1.84 1.65 1.65 2.26 --
Class C................. 1.68 34,949 1.76 1.65 1.65 2.26 --
From inception November
28, 2003, through
October 31, 2004
Class Y................. 2.62(f) 31,429 0.61(e) 0.60(e) 0.60(e) 3.03(e) --
From inception October
31, 2002, through
October 31, 2003
Class A................. 4.48 32,753 1.34(e) 0.95(e) 0.95(e) 3.14(e) 113
Class B................. 3.77 10,206 2.09(e) 1.65(e) 1.65(e) 2.46(e) --
Class C................. 3.77 30,660 1.96(e) 1.65(e) 1.65(e) 2.44(e) --
THE HARTFORD SMALL
COMPANY FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 13.35(f)(i) 240,942 1.41(e) 1.40(e) 1.40(e) (0.27)(e) 98
Class B................. 12.93(f)(i) 53,426 2.28(e) 2.11(e) 2.11(e) (0.92)(e) --
Class C................. 12.86(f)(i) 55,852 2.15(e) 2.15(e) 2.15(e) (1.01)(e) --
Class I................. 13.54(f)(i) 954 1.17(e) 1.05(e) 1.05(e) (0.40)(e) --
Class Y................. 13.57(f)(i) 157,196 0.90(e) 0.90(e) 0.90(e) 0.17(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 13.28(f) 47 1.71(e) 1.65(e) 1.65(e) (1.16)(e) --
Class R4................ 13.38(f) 11 1.47(e) 1.33(e) 1.33(e) (0.92)(e) --
Class R5................ 13.52(f) 11 1.18(e) 1.05(e) 1.05(e) (0.63)(e) --
For the Year Ended
October 31, 2006
Class A................. 16.96 194,656 1.48 1.40 1.40 (0.87) 170
Class B................. 16.10 52,036 2.32 2.15 2.15 (1.62) --
Class C................. 16.14 47,744 2.23 2.15 2.15 (1.62) --
Class Y................. 17.59 108,770 0.95 0.95 0.95 (0.39) --
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 4.30(f) 69 1.38(e) 1.15(e) 1.15(e) (0.58)(e) --
</Table>
The accompanying notes are an integral part of these financial statements.
366
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD SMALL
COMPANY
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. $15.09 $ (0.16) $ -- $ 3.52 $ 3.36
Class B................. 14.17 (0.29) -- 3.32 3.03
Class C................. 14.19 (0.29) -- 3.32 3.03
Class Y................. 15.74 (0.07) -- 3.66 3.59
For the Year Ended
October 31, 2004
Class A................. 14.28 (0.18) -- 0.99 0.81
Class B................. 13.51 (0.27) -- 0.93 0.66
Class C................. 13.52 (0.28) -- 0.95 0.67
Class Y................. 14.83 (0.06) -- 0.97 0.91
For the Year Ended
October 31, 2003
Class A................. 9.93 (0.13) -- 4.48 4.35
Class B................. 9.46 (0.20) -- 4.25 4.05
Class C................. 9.47 (0.20) -- 4.25 4.05
Class Y................. 10.27 (0.09) -- 4.65 4.56
For the Year Ended
October 31, 2002(h)
Class A................. 12.00 (0.12) -- (1.95) (2.07)
Class B................. 11.52 (0.20) -- (1.86) (2.06)
Class C................. 11.53 (0.20) -- (1.86) (2.06)
Class Y................. 12.35 (0.06) -- (2.02) (2.08)
THE HARTFORD SMALLCAP
GROWTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 31.32 (0.01) -- 2.33 2.32
Class B................. 28.12 (0.13) -- 2.10 1.97
Class C................. 28.07 (0.14) -- 2.09 1.95
Class I................. 31.33 0.01 -- 2.34 2.35
Class L(k).............. 31.45 (0.08) -- 2.43 2.35
Class Y................. 31.95 0.08 -- 2.33 2.41
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 32.34 (0.06) -- 2.00 1.94
Class R4................ 32.34 (0.03) -- 2.01 1.98
Class R5................ 32.34 0.01 -- 2.00 2.01
For the Year Ended
October 31, 2006
Class A................. 28.30 (0.06) -- 3.08 3.02
Class B................. 25.57 (0.26) -- 2.81 2.55
Class C................. 25.56 (0.27) -- 2.78 2.51
Class L................. 28.36 (0.02) -- 3.11 3.09
Class Y................. 28.74 0.04 -- 3.17 3.21
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 28.90 (0.01) -- 2.44 2.43
For the Year Ended
October 31, 2005
Class A................. 24.60 (0.15) -- 3.85 3.70
Class B................. 22.39 (0.32) -- 3.50 3.18
Class C................. 22.39 (0.28) -- 3.45 3.17
Class L................. 24.60 (0.13) -- 3.89 3.76
Class Y................. 24.88 (0.04) -- 3.90 3.86
For the Year Ended
October 31, 2004
Class A................. 22.91 (0.15) -- 1.84 1.69
Class B................. 20.99 (0.28) -- 1.68 1.40
Class C................. 20.99 (0.27) -- 1.67 1.40
Class L................. 22.90 (0.19) -- 1.89 1.70
Class Y................. 23.06 (0.02) -- 1.84 1.82
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD SMALL
COMPANY
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. $ -- $ -- $ -- $ -- $ 3.36 $18.45
Class B................. -- -- -- -- 3.03 17.20
Class C................. -- -- -- -- 3.03 17.22
Class Y................. -- -- -- -- 3.59 19.33
For the Year Ended
October 31, 2004
Class A................. -- -- -- -- 0.81 15.09
Class B................. -- -- -- -- 0.66 14.17
Class C................. -- -- -- -- 0.67 14.19
Class Y................. -- -- -- -- 0.91 15.74
For the Year Ended
October 31, 2003
Class A................. -- -- -- -- 4.35 14.28
Class B................. -- -- -- -- 4.05 13.51
Class C................. -- -- -- -- 4.05 13.52
Class Y................. -- -- -- -- 4.56 14.83
For the Year Ended
October 31, 2002(h)
Class A................. -- -- -- -- (2.07) 9.93
Class B................. -- -- -- -- (2.06) 9.46
Class C................. -- -- -- -- (2.06) 9.47
Class Y................. -- -- -- -- (2.08) 10.27
THE HARTFORD SMALLCAP
GROWTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. -- -- -- -- 2.32 33.64
Class B................. -- -- -- -- 1.97 30.09
Class C................. -- -- -- -- 1.95 30.02
Class I................. -- -- -- -- 2.35 33.68
Class L(k).............. -- -- -- -- 2.35 33.80
Class Y................. -- -- -- -- 2.41 34.36
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ -- -- -- -- 1.94 34.28
Class R4................ -- -- -- -- 1.98 34.32
Class R5................ -- -- -- -- 2.01 34.35
For the Year Ended
October 31, 2006
Class A................. -- -- -- -- 3.02 31.32
Class B................. -- -- -- -- 2.55 28.12
Class C................. -- -- -- -- 2.51 28.07
Class L................. -- -- -- -- 3.09 31.45
Class Y................. -- -- -- -- 3.21 31.95
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. -- -- -- -- 2.43 31.33
For the Year Ended
October 31, 2005
Class A................. -- -- -- -- 3.70 28.30
Class B................. -- -- -- -- 3.18 25.57
Class C................. -- -- -- -- 3.17 25.56
Class L................. -- -- -- -- 3.76 28.36
Class Y................. -- -- -- -- 3.86 28.74
For the Year Ended
October 31, 2004
Class A................. -- -- -- -- 1.69 24.60
Class B................. -- -- -- -- 1.40 22.39
Class C................. -- -- -- -- 1.40 22.39
Class L................. -- -- -- -- 1.70 24.60
Class Y................. -- -- -- -- 1.82 24.88
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD SMALL
COMPANY
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. 22.27% $ 159,577 1.57% 1.40% 1.40% (0.88)% 104%
Class B................. 21.38 56,664 2.39 2.15 2.15 (1.63) --
Class C................. 21.35 44,564 2.30 2.15 2.15 (1.63) --
Class Y................. 22.81 43,274 0.97 0.97 0.97 (0.43) --
For the Year Ended
October 31, 2004
Class A................. 5.67 156,278 1.62 1.45 1.45 (1.15) 142
Class B................. 4.88 58,438 2.40 2.15 2.15 (1.85) --
Class C................. 4.96 49,327 2.30 2.15 2.15 (1.85) --
Class Y................. 6.14 15,731 0.99 0.99 0.99 (0.71) --
For the Year Ended
October 31, 2003
Class A................. 43.81 141,327 1.63 1.45 1.45 (1.19) 179
Class B................. 42.81 58,286 2.36 2.15 2.15 (1.89) --
Class C................. 42.77 52,010 2.23 2.15 2.15 (1.88) --
Class Y................. 44.40 14,472 1.05 1.00 1.00 (0.73) --
For the Year Ended
October 31, 2002(h)
Class A................. (17.25) 96,302 1.64 1.45 1.45 (0.97) 226
Class B................. (17.88) 41,439 2.31 2.15 2.15 (1.67) --
Class C................. (17.87) 38,938 2.20 2.15 2.15 (1.65) --
Class Y................. (16.84) 10,834 1.00 1.00 1.00 (0.53) --
THE HARTFORD SMALLCAP
GROWTH FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 7.41(f)(i) 274,106 1.61(e) 1.23(e) 1.23(e) (0.09)(e) 42
Class B................. 7.01(f)(i) 19,082 2.41(e) 2.00(e) 2.00(e) (0.85)(e) --
Class C................. 6.95(f)(i) 25,992 2.21(e) 2.15(e) 2.15(e) (1.00)(e) --
Class I................. 7.50(f)(i) 2,730 1.17(e) 1.03(e) 1.03(e) 0.06(e) --
Class L(k).............. 7.47(f)(i) 148,333 1.15(e) 1.14(e) 1.14(e) (0.55)(e) --
Class Y................. 7.54(f)(i) 15,556 0.88(e) 0.88(e) 0.88(e) 0.35(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 7.29(f) 11 1.80(e) 1.65(e) 1.65(e) (0.56)(e) --
Class R4................ 7.42(f) 11 1.49(e) 1.35(e) 1.35(e) (0.25)(e) --
Class R5................ 7.51(f) 11 1.20(e) 1.05(e) 1.05(e) 0.04(e) --
For the Year Ended
October 31, 2006
Class A................. 10.67 228,776 1.56 1.36 1.36 (0.30) 86
Class B................. 9.97 19,078 2.39 2.02 2.02 (0.95) --
Class C................. 9.82 24,070 2.25 2.15 2.15 (1.08) --
Class L................. 10.90 118,452 1.15 1.15 1.15 (0.08) --
Class Y................. 11.17 107,906 0.92 0.92 0.92 0.15 --
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 8.41(f) 239 1.28(e) 1.16(e) 1.16(e) (0.43)(e) --
For the Year Ended
October 31, 2005
Class A................. 15.04 66,403 1.62 1.40 1.40 (0.65) 81
Class B................. 14.20 16,230 2.51 2.15 2.15 (1.40) --
Class C................. 14.16 15,668 2.33 2.15 2.15 (1.40) --
Class L................. 15.28 119,114 1.21 1.21 1.21 (0.46) --
Class Y................. 15.52 55,933 0.98 0.98 0.98 (0.23) --
For the Year Ended
October 31, 2004
Class A................. 7.38 42,962 1.77 1.45 1.45 (0.81) 102
Class B................. 6.67 11,930 2.59 2.15 2.15 (1.51) --
Class C................. 6.67 10,140 2.38 2.15 2.15 (1.51) --
Class L................. 7.42 114,266 1.43 1.43 1.43 (0.79) --
Class Y................. 7.89 5,788 1.03 1.03 1.03 (0.47) --
</Table>
367
HARTFORD MUTUAL FUNDS, INC. AND HARTFORD MUTUAL FUNDS II, INC.
FINANCIAL HIGHLIGHTS -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD SMALLCAP
GROWTH
FUND -- (CONTINUED)
For the Year Ended
October 31, 2003
Class A................. $15.57 $ (0.09) $ -- $ 7.43 $ 7.34
Class B................. 14.36 (0.15) -- 6.78 6.63
Class C................. 14.35 (0.16) -- 6.80 6.64
Class L................. 15.56 (0.15) -- 7.49 7.34
Class Y................. 15.61 (0.08) -- 7.53 7.45
For the Period February
19, 2002 through
October 31, 2002
Class A................. 20.21 (0.06) -- (4.58) (4.64)
Class B................. 18.73 (0.08) -- (4.29) (4.37)
Class C................. 18.73 (0.09) -- (4.29) (4.38)
Class Y................. 20.21 (0.08) -- (4.52) (4.60)
For the Year Ended
October 31, 2002
Class L................. 19.04 (0.20) -- (2.95) (3.15)
THE HARTFORD STOCK FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 21.04 0.04 0.03 1.95 2.02
Class B................. 19.58 (0.08) 0.03 1.85 1.80
Class C................. 19.73 (0.05) 0.03 1.85 1.83
Class Y................. 21.95 0.12 0.03 2.02 2.17
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 22.66 -- -- 1.20 1.20
Class R4................ 22.66 0.02 -- 1.21 1.23
Class R5................ 22.66 0.04 -- 1.21 1.25
For the Year Ended
October 31, 2006(h)
Class A................. 18.39 0.11 -- 2.58 2.69
Class B................. 17.23 (0.05) -- 2.40 2.35
Class C................. 17.35 (0.04) -- 2.42 2.38
Class Y................. 19.18 0.21 -- 2.70 2.91
For the Year Ended
October 31, 2005
Class A................. 16.76 0.16 -- 1.57 1.73
Class B................. 15.76 -- -- 1.47 1.47
Class C................. 15.84 0.04 -- 1.47 1.51
Class Y................. 17.49 0.24 -- 1.66 1.90
For the Year Ended
October 31, 2004
Class A................. 16.21 0.03 -- 0.52 0.55
Class B................. 15.35 (0.10) -- 0.51 0.41
Class C................. 15.41 (0.08) -- 0.51 0.43
Class Y................. 16.81 0.10 -- 0.58 0.68
For the Year Ended
October 31, 2003
Class A................. 13.73 0.04 -- 2.44 2.48
Class B................. 13.10 (0.07) -- 2.32 2.25
Class C................. 13.13 (0.05) -- 2.33 2.28
Class Y................. 14.15 0.12 -- 2.54 2.66
For the Year Ended
October 31, 2002(h)
Class A................. 16.89 -- -- (3.16) (3.16)
Class B................. 16.24 (0.12) -- (3.02) (3.14)
Class C................. 16.23 (0.08) -- (3.02) (3.10)
Class Y................. 17.31 0.10 -- (3.26) (3.16)
THE HARTFORD TARGET
RETIREMENT 2010 FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 9.65 0.15 -- 0.47 0.62
Class B................. 9.65 0.11 -- 0.47 0.58
Class C................. 9.64 0.11 -- 0.46 0.57
Class Y................. 9.65 0.16 -- 0.47 0.63
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD SMALLCAP
GROWTH
FUND -- (CONTINUED)
For the Year Ended
October 31, 2003
Class A................. $ -- $ -- $ -- $ -- $ 7.34 $22.91
Class B................. -- -- -- -- 6.63 20.99
Class C................. -- -- -- -- 6.64 20.99
Class L................. -- -- -- -- 7.34 22.90
Class Y................. -- -- -- -- 7.45 23.06
For the Period February
19, 2002 through
October 31, 2002
Class A................. -- -- -- -- (4.64) 15.57
Class B................. -- -- -- -- (4.37) 14.36
Class C................. -- -- -- -- (4.38) 14.35
Class Y................. -- -- -- -- (4.60) 15.61
For the Year Ended
October 31, 2002
Class L................. -- (0.33) -- (0.33) (3.48) 15.56
THE HARTFORD STOCK FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.10) -- -- (0.10) 1.92 22.96
Class B................. -- -- -- -- 1.80 21.38
Class C................. -- -- -- -- 1.83 21.56
Class Y................. (0.20) -- -- (0.20) 1.97 23.92
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ -- -- -- -- 1.20 23.86
Class R4................ -- -- -- -- 1.23 23.89
Class R5................ -- -- -- -- 1.25 23.91
For the Year Ended
October 31, 2006(h)
Class A................. (0.04) -- -- (0.04) 2.65 21.04
Class B................. -- -- -- -- 2.35 19.58
Class C................. -- -- -- -- 2.38 19.73
Class Y................. (0.14) -- -- (0.14) 2.77 21.95
For the Year Ended
October 31, 2005
Class A................. (0.10) -- -- (0.10) 1.63 18.39
Class B................. -- -- -- -- 1.47 17.23
Class C................. -- -- -- -- 1.51 17.35
Class Y................. (0.21) -- -- (0.21) 1.69 19.18
For the Year Ended
October 31, 2004
Class A................. -- -- -- -- 0.55 16.76
Class B................. -- -- -- -- 0.41 15.76
Class C................. -- -- -- -- 0.43 15.84
Class Y................. -- -- -- -- 0.68 17.49
For the Year Ended
October 31, 2003
Class A................. -- -- -- -- 2.48 16.21
Class B................. -- -- -- -- 2.25 15.35
Class C................. -- -- -- -- 2.28 15.41
Class Y................. -- -- -- -- 2.66 16.81
For the Year Ended
October 31, 2002(h)
Class A................. -- -- -- -- (3.16) 13.73
Class B................. -- -- -- -- (3.14) 13.10
Class C................. -- -- -- -- (3.10) 13.13
Class Y................. -- -- -- -- (3.16) 14.15
THE HARTFORD TARGET
RETIREMENT 2010 FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.16) -- -- (0.16) 0.46 10.11
Class B................. (0.13) -- -- (0.13) 0.45 10.10
Class C................. (0.12) -- -- (0.12) 0.45 10.09
Class Y................. (0.17) -- -- (0.17) 0.46 10.11
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD SMALLCAP
GROWTH
FUND -- (CONTINUED)
For the Year Ended
October 31, 2003
Class A................. 47.14% $ 17,544 1.61% 1.45% 1.45% (0.83)% 122%
Class B................. 46.17 6,571 2.31 2.15 2.15 (1.53) --
Class C................. 46.27 5,076 2.22 2.15 2.15 (1.53) --
Class L................. 47.17 112,621 1.50 1.45 1.45 (0.80) --
Class Y................. 47.72 1 1.11 1.10 1.10 (0.46) --
For the Period February
19, 2002 through
October 31, 2002
Class A................. (22.97)(f) 3,457 1.82(e) 1.45(e) 1.45(e) (0.93)(e) 93
Class B................. (23.31)(f) 1,756 2.52(e) 2.15(e) 2.15(e) (1.60)(e) --
Class C................. (23.37)(f) 1,432 2.38(e) 2.15(e) 2.15(e) (1.60)(e) --
Class Y................. (22.77)(f) 1 1.06(e) 1.00(e) 1.00(e) (0.60)(e) --
For the Year Ended
October 31, 2002
Class L................. (16.92) 86,414 1.50 1.45 1.45 (1.06) --
THE HARTFORD STOCK FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 9.61(f)(i) 690,516 1.39(e) 1.28(e) 1.28(e) 0.29(e) 48
Class B................. 9.19(f)(i) 198,998 2.23(e) 2.13(e) 2.13(e) (0.56)(e) --
Class C................. 9.28(f)(i) 155,777 2.05(e) 2.00(e) 2.00(e) (0.43)(e) --
Class Y................. 9.91(f)(i) 131,289 0.82(e) 0.77(e) 0.77(e) 0.81(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 9.64(f) 10 1.70(e) 1.52(e) 1.52(e) (0.13)(e) --
Class R4................ 9.78(f) 42 1.26(e) 1.21(e) 1.21(e) 0.19(e) --
Class R5................ 9.87(f) 11 1.12(e) 0.93(e) 0.93(e) 0.47(e) --
For the Year Ended
October 31, 2006(h)
Class A................. 14.65 684,726 1.41 1.28 1.28 0.53 110
Class B................. 13.64 223,639 2.23 2.12 2.12 (0.30) --
Class C................. 13.72 161,554 2.08 2.03 2.03 (0.21) --
Class Y................. 15.21 131,759 0.83 0.78 0.78 1.03 --
For the Year Ended
October 31, 2005
Class A................. 10.36 727,492 1.42 1.33 1.33 0.89 62
Class B................. 9.33 278,445 2.23 2.23 2.23 (0.02) --
Class C................. 9.53 182,587 2.09 2.09 2.09 0.17 --
Class Y................. 10.91 107,578 0.83 0.83 0.83 1.24 --
For the Year Ended
October 31, 2004
Class A................. 3.39 952,606 1.42 1.42 1.42 0.18 29
Class B................. 2.67 343,148 2.18 2.18 2.18 (0.59) --
Class C................. 2.79 256,271 2.03 2.03 2.03 (0.44) --
Class Y................. 4.04 80,932 0.80 0.80 0.80 0.80 --
For the Year Ended
October 31, 2003
Class A................. 18.06 976,663 1.47 1.45 1.45 0.26 37
Class B................. 17.18 376,437 2.20 2.18 2.18 (0.47) --
Class C................. 17.36 311,874 2.07 2.07 2.07 (0.36) --
Class Y................. 18.80 42,894 0.88 0.88 0.88 0.84 --
For the Year Ended
October 31, 2002(h)
Class A................. (18.71) 880,371 1.47 1.42 1.42 (0.01) 48
Class B................. (19.34) 351,382 2.15 2.15 2.15 (0.74) --
Class C................. (19.10) 313,173 2.03 2.03 2.03 (0.62) --
Class Y................. (18.26) 34,116 0.85 0.85 0.85 0.58 --
THE HARTFORD TARGET
RETIREMENT 2010 FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 6.45(f) 6,364 2.42(e) 0.50(e) 0.50(e) 2.46(e) 32
Class B................. 6.05(f) 449 3.42(e) 1.25(e) 1.25(e) 2.04(e) --
Class C................. 6.00(f) 547 3.42(e) 1.24(e) 1.24(e) 2.25(e) --
Class Y................. 6.56(f) 144 2.39(e) 0.19(e) 0.19(e) 3.33(e) --
</Table>
The accompanying notes are an integral part of these financial statements.
368
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD TARGET
RETIREMENT 2010
FUND(G) -- (CONTINUED)
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ $ 9.76 $ 0.03 $ -- $ 0.35 $ 0.38
Class R4................ 9.76 0.04 -- 0.34 0.38
Class R5................ 9.76 0.06 -- 0.34 0.40
For the Year Ended
October 31, 2006
Class A................. 9.82 0.47 -- 0.22 0.69
Class B................. 9.82 0.34 -- 0.27 0.61
Class C................. 9.82 0.40 -- 0.21 0.61
Class Y................. 9.83 0.50 -- 0.21 0.71
From (commencement of
operations) September
30, 2005, through
October 31, 2005
Class A................. 10.00 0.02 -- (0.20) (0.18)
Class B................. 10.00 0.01 -- (0.19) (0.18)
Class C................. 10.00 0.01 -- (0.19) (0.18)
Class Y................. 10.00 0.02 -- (0.19) (0.17)
THE HARTFORD TARGET
RETIREMENT 2020 FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 10.43 0.15 -- 0.65 0.80
Class B................. 10.42 0.13 -- 0.63 0.76
Class C................. 10.42 0.11 -- 0.65 0.76
Class Y................. 10.43 0.16 -- 0.65 0.81
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 10.55 0.01 -- 0.48 0.49
Class R4................ 10.55 0.03 -- 0.46 0.49
Class R5................ 10.55 0.04 -- 0.47 0.51
For the Year Ended
October 31, 2006(h)
Class A................. 9.79 0.13 -- 0.86 0.99
Class B................. 9.78 0.04 -- 0.88 0.92
Class C................. 9.78 0.04 -- 0.88 0.92
Class Y................. 9.79 0.27 -- 0.75 1.02
From (commencement of
operations) September
30, 2005, through
October 31, 2005
Class A................. 10.00 0.01 -- (0.22) (0.21)
Class B................. 10.00 0.01 -- (0.23) (0.22)
Class C................. 10.00 0.01 -- (0.23) (0.22)
Class Y................. 10.00 0.01 -- (0.22) (0.21)
THE HARTFORD TARGET
RETIREMENT 2030 FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 9.36 0.11 -- 0.72 0.83
Class B................. 9.36 0.06 -- 0.73 0.79
Class C................. 9.37 0.06 -- 0.74 0.80
Class Y................. 9.36 0.11 -- 0.73 0.84
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 9.52 (0.01) -- 0.52 0.51
Class R4................ 9.52 -- -- 0.52 0.52
Class R5................ 9.52 0.01 -- 0.52 0.53
For the Year Ended
October 31, 2006(h)
Class A................. 9.75 0.03 -- 0.87 0.90
Class B................. 9.74 (0.02) -- 0.86 0.84
Class C................. 9.74 -- -- 0.85 0.85
Class Y................. 9.75 0.10 -- 0.84 0.94
From (commencement of
operations) September
30, 2005, through
October 31, 2005
Class A................. 10.00 0.01 -- (0.26) (0.25)
Class B................. 10.00 -- -- (0.26) (0.26)
Class C................. 10.00 -- -- (0.26) (0.26)
Class Y................. 10.00 0.01 -- (0.26) (0.25)
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD TARGET
RETIREMENT 2010
FUND(G) -- (CONTINUED)
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ $ (0.03) $ -- $ -- $ (0.03) $ 0.35 $10.11
Class R4................ (0.03) -- -- (0.03) 0.35 10.11
Class R5................ (0.04) -- -- (0.04) 0.36 10.12
For the Year Ended
October 31, 2006
Class A................. (0.50) -- (0.36) (0.86) (0.17) 9.65
Class B................. (0.42) -- (0.36) (0.78) (0.17) 9.65
Class C................. (0.43) -- (0.36) (0.79) (0.18) 9.64
Class Y................. (0.53) -- (0.36) (0.89) (0.18) 9.65
From (commencement of
operations) September
30, 2005, through
October 31, 2005
Class A................. -- -- -- -- (0.18) 9.82
Class B................. -- -- -- -- (0.18) 9.82
Class C................. -- -- -- -- (0.18) 9.82
Class Y................. -- -- -- -- (0.17) 9.83
THE HARTFORD TARGET
RETIREMENT 2020 FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.16) (0.04) -- (0.20) 0.60 11.03
Class B................. (0.10) (0.04) -- (0.14) 0.62 11.04
Class C................. (0.12) (0.04) -- (0.16) 0.60 11.02
Class Y................. (0.17) (0.04) -- (0.21) 0.60 11.03
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ (0.02) -- -- (0.02) 0.47 11.02
Class R4................ (0.02) -- -- (0.02) 0.47 11.02
Class R5................ (0.03) -- -- (0.03) 0.48 11.03
For the Year Ended
October 31, 2006(h)
Class A................. (0.35) -- -- (0.35) 0.64 10.43
Class B................. (0.28) -- -- (0.28) 0.64 10.42
Class C................. (0.28) -- -- (0.28) 0.64 10.42
Class Y................. (0.38) -- -- (0.38) 0.64 10.43
From (commencement of
operations) September
30, 2005, through
October 31, 2005
Class A................. -- -- -- -- (0.21) 9.79
Class B................. -- -- -- -- (0.22) 9.78
Class C................. -- -- -- -- (0.22) 9.78
Class Y................. -- -- -- -- (0.21) 9.79
THE HARTFORD TARGET
RETIREMENT 2030 FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.13) (0.01) -- (0.14) 0.69 10.05
Class B................. (0.08) (0.01) -- (0.09) 0.70 10.06
Class C................. (0.09) (0.01) -- (0.10) 0.70 10.07
Class Y................. (0.13) (0.01) -- (0.14) 0.70 10.06
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ -- -- -- -- 0.51 10.03
Class R4................ -- -- -- -- 0.52 10.04
Class R5................ -- -- -- -- 0.53 10.05
For the Year Ended
October 31, 2006(h)
Class A................. (0.49) -- (0.80) (1.29) (0.39) 9.36
Class B................. (0.42) -- (0.80) (1.22) (0.38) 9.36
Class C................. (0.42) -- (0.80) (1.22) (0.37) 9.37
Class Y................. (0.53) -- (0.80) (1.33) (0.39) 9.36
From (commencement of
operations) September
30, 2005, through
October 31, 2005
Class A................. -- -- -- -- (0.25) 9.75
Class B................. -- -- -- -- (0.26) 9.74
Class C................. -- -- -- -- (0.26) 9.74
Class Y................. -- -- -- -- (0.25) 9.75
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD TARGET
RETIREMENT 2010
FUND(G) -- (CONTINUED)
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 6.38%(f) $ 10 2.93%(e) 0.90%(e) 0.90%(e) 0.99%(e) --%
Class R4................ 6.45(f) 10 2.59(e) 0.57(e) 0.57(e) 1.29(e) --
Class R5................ 6.64(f) 10 2.32(e) 0.30(e) 0.30(e) 1.59(e) --
For the Year Ended
October 31, 2006
Class A................. 7.43 1,618 7.64 0.54 0.54 2.01 10
Class B................. 6.58 226 10.93 1.29 1.29 1.24 --
Class C................. 6.53 475 10.92 1.30 1.30 1.63 --
Class Y................. 7.62 135 9.70 0.23 0.23 2.31 --
From (commencement of
operations) September
30, 2005, through
October 31, 2005
Class A................. (1.80)(f) 11 0.65(e) 0.49(e) 0.49(e) 2.53(e) 12
Class B................. (1.80)(f) 10 1.41(e) 1.26(e) 1.26(e) 1.61(e) --
Class C................. (1.80)(f) 10 1.41(e) 1.27(e) 1.27(e) 1.60(e) --
Class Y................. (1.70)(f) 10 0.32(e) 0.21(e) 0.21(e) 2.65(e) --
THE HARTFORD TARGET
RETIREMENT 2020 FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 7.80(f) 10,110 1.95(e) 0.50(e) 0.50(e) 1.84(e) 18
Class B................. 7.43(f) 467 3.25(e) 1.08(e) 1.08(e) 2.22(e) --
Class C................. 7.38(f) 495 3.00(e) 1.25(e) 1.25(e) 1.90(e) --
Class Y................. 7.90(f) 12 1.90(e) 0.20(e) 0.20(e) 3.03(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 7.62(f) 10 2.43(e) 0.90(e) 0.90(e) 0.37(e) --
Class R4................ 7.70(f) 10 2.09(e) 0.58(e) 0.58(e) 0.68(e) --
Class R5................ 7.87(f) 10 1.83(e) 0.30(e) 0.30(e) 0.97(e) --
For the Year Ended
October 31, 2006(h)
Class A................. 10.37 2,125 10.15 0.53 0.53 1.35 19
Class B................. 9.56 291 9.51 1.29 1.29 0.39 --
Class C................. 9.58 337 9.87 1.30 1.30 0.41 --
Class Y................. 10.70 11 10.87 0.22 0.22 2.73 --
From (commencement of
operations) September
30, 2005, through
October 31, 2005
Class A................. (2.10)(f) 144 0.66(e) 0.51(e) 0.51(e) 2.77(e) 28
Class B................. (2.20)(f) 10 1.37(e) 1.25(e) 1.25(e) 0.86(e) --
Class C................. (2.20)(f) 10 1.37(e) 1.26(e) 1.26(e) 0.85(e) --
Class Y................. (2.10)(f) 10 0.29(e) 0.20(e) 0.20(e) 1.91(e) --
THE HARTFORD TARGET
RETIREMENT 2030 FUND(G)
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 8.91(f) 8,355 2.05(e) 0.51(e) 0.51(e) 1.11(e) 27
Class B................. 8.47(f) 355 3.50(e) 1.17(e) 1.17(e) 1.23(e) --
Class C................. 8.60(f) 272 3.22(e) 1.17(e) 1.17(e) 0.66(e) --
Class Y................. 8.96(f) 35 2.00(e) 0.20(e) 0.20(e) 2.35(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 8.64(f) 10 2.48(e) 0.91(e) 0.91(e) (0.36)(e) --
Class R4................ 8.75(f) 10 2.15(e) 0.59(e) 0.59(e) (0.05)(e) --
Class R5................ 8.86(f) 11 1.88(e) 0.31(e) 0.31(e) 0.24(e) --
For the Year Ended
October 31, 2006(h)
Class A................. 10.00 1,857 13.00 0.53 0.53 0.37 19
Class B................. 9.22 305 15.15 1.24 1.24 (0.28) --
Class C................. 9.35 81 19.26 1.10 1.10 (0.00) --
Class Y................. 10.40 32 22.78 0.21 0.21 1.10 --
From (commencement of
operations) September
30, 2005, through
October 31, 2005
Class A................. (2.50)(f) 10 0.69(e) 0.48(e) 0.48(e) 0.76(e) 14
Class B................. (2.60)(f) 10 1.39(e) 1.24(e) 1.24(e) --(e) --
Class C................. (2.60)(f) 9 1.39(e) 1.24(e) 1.24(e) --(e) --
Class Y................. (2.50)(f) 10 0.34(e) 0.19(e) 0.19(e) 1.05(e) --
</Table>
369
HARTFORD MUTUAL FUNDS, INC. AND HARTFORD MUTUAL FUNDS II, INC.
FINANCIAL HIGHLIGHTS -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD TAX-FREE
CALIFORNIA FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $10.55 $ 0.20 $ -- $(0.02) $ 0.18
Class B................. 10.54 0.16 -- (0.02) 0.14
Class C................. 10.56 0.16 -- (0.02) 0.14
For the Year Ended
October 31, 2006
Class A................. 10.32 0.38 -- 0.24 0.62
Class B................. 10.31 0.30 -- 0.24 0.54
Class C................. 10.33 0.30 -- 0.24 0.54
For the Year Ended
October 31, 2005
Class A................. 10.32 0.38 -- -- 0.38
Class B................. 10.31 0.29 -- 0.01 0.30
Class C................. 10.33 0.29 -- 0.01 0.30
For the Year Ended
October 31, 2004
Class A................. 9.93 0.38 -- 0.41 0.79
Class B................. 9.92 0.34 -- 0.38 0.72
Class C................. 9.93 0.32 -- 0.41 0.73
From inception October
31, 2002, through
October 31, 2003
Class A................. 10.00 0.37 -- (0.07) 0.30
Class B................. 10.00 0.30 -- (0.08) 0.22
Class C................. 10.00 0.30 -- (0.07) 0.23
THE TAX-FREE MINNESOTA
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 10.33 0.20 -- (0.07) 0.13
Class B................. 10.35 0.16 -- (0.06) 0.10
Class C................. 10.37 0.16 -- (0.07) 0.09
Class L(m).............. 10.37 0.23 -- (0.10) 0.13
Class Y(m).............. 10.34 0.21 -- (0.08) 0.13
For the Year Ended
October 31, 2006
Class A................. 10.22 0.41 -- 0.13 0.54
Class B................. 10.23 0.33 -- 0.14 0.47
Class C................. 10.25 0.33 -- 0.14 0.47
Class L................. 10.25 0.40 -- 0.14 0.54
Class Y................. 10.22 0.41 -- 0.14 0.55
For the Year Ended
October 31, 2005(h)
Class A................. 10.44 0.39 -- (0.22) 0.17
Class B................. 10.45 0.31 -- (0.21) 0.10
Class C................. 10.46 0.32 -- (0.21) 0.11
Class L................. 10.47 0.39 -- (0.22) 0.17
Class Y................. 10.44 0.40 -- (0.23) 0.17
For the Year Ended
October 31, 2004
Class A................. 10.46 0.41 -- 0.24 0.65
Class B................. 10.46 0.33 -- 0.25 0.58
Class C................. 10.48 0.33 -- 0.24 0.57
Class L................. 10.49 0.41 -- 0.24 0.65
Class Y................. 10.47 0.43 -- 0.24 0.67
For the Year Ended
October 31, 2003(h)
Class A................. 10.46 0.38 -- 0.05 0.43
Class B................. 10.47 0.31 -- 0.04 0.35
Class C................. 10.48 0.31 -- 0.05 0.36
Class L................. 10.49 0.39 -- 0.05 0.44
Class Y................. 10.49 0.40 -- 0.06 0.46
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD TAX-FREE
CALIFORNIA FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $ (0.20) $ -- $ -- $ (0.20) $(0.02) $10.53
Class B................. (0.16) -- -- (0.16) (0.02) 10.52
Class C................. (0.16) -- -- (0.16) (0.02) 10.54
For the Year Ended
October 31, 2006
Class A................. (0.38) (0.01) -- (0.39) 0.23 10.55
Class B................. (0.30) (0.01) -- (0.31) 0.23 10.54
Class C................. (0.30) (0.01) -- (0.31) 0.23 10.56
For the Year Ended
October 31, 2005
Class A................. (0.38) -- -- (0.38) -- 10.32
Class B................. (0.30) -- -- (0.30) -- 10.31
Class C................. (0.30) -- -- (0.30) -- 10.33
For the Year Ended
October 31, 2004
Class A................. (0.40) -- -- (0.40) 0.39 10.32
Class B................. (0.33) -- -- (0.33) 0.39 10.31
Class C................. (0.33) -- -- (0.33) 0.40 10.33
From inception October
31, 2002, through
October 31, 2003
Class A................. (0.37) -- -- (0.37) (0.07) 9.93
Class B................. (0.30) -- -- (0.30) (0.08) 9.92
Class C................. (0.30) -- -- (0.30) (0.07) 9.93
THE TAX-FREE MINNESOTA
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.20) (0.06) -- (0.26) (0.13) 10.20
Class B................. (0.17) (0.06) -- (0.23) (0.13) 10.22
Class C................. (0.17) (0.06) -- (0.23) (0.14) 10.23
Class L(m).............. (0.20) (0.06) -- (0.26) (0.13) 10.24
Class Y(m).............. (0.21) (0.06) -- (0.27) (0.14) 10.20
For the Year Ended
October 31, 2006
Class A................. (0.41) (0.02) -- (0.43) 0.11 10.33
Class B................. (0.33) (0.02) -- (0.35) 0.12 10.35
Class C................. (0.33) (0.02) -- (0.35) 0.12 10.37
Class L................. (0.40) (0.02) -- (0.42) 0.12 10.37
Class Y................. (0.41) (0.02) -- (0.43) 0.12 10.34
For the Year Ended
October 31, 2005(h)
Class A................. (0.39) -- -- (0.39) (0.22) 10.22
Class B................. (0.32) -- -- (0.32) (0.22) 10.23
Class C................. (0.32) -- -- (0.32) (0.21) 10.25
Class L................. (0.39) -- -- (0.39) (0.22) 10.25
Class Y................. (0.39) -- -- (0.39) (0.22) 10.22
For the Year Ended
October 31, 2004
Class A................. (0.40) (0.27) -- (0.67) (0.02) 10.44
Class B................. (0.32) (0.27) -- (0.59) (0.01) 10.45
Class C................. (0.32) (0.27) -- (0.59) (0.02) 10.46
Class L................. (0.40) (0.27) -- (0.67) (0.02) 10.47
Class Y................. (0.43) (0.27) -- (0.70) (0.03) 10.44
For the Year Ended
October 31, 2003(h)
Class A................. (0.38) (0.05) -- (0.43) -- 10.46
Class B................. (0.31) (0.05) -- (0.36) (0.01) 10.46
Class C................. (0.31) (0.05) -- (0.36) -- 10.48
Class L................. (0.39) (0.05) -- (0.44) -- 10.49
Class Y................. (0.43) (0.05) -- (0.48) (0.02) 10.47
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD TAX-FREE
CALIFORNIA FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 1.75%(f) $ 28,037 0.92%(e) 0.85%(e) 0.85%(e) 3.87%(e) 15%
Class B................. 1.38(f) 1,935 1.70(e) 1.60(e) 1.60(e) 3.12(e) --
Class C................. 1.37(f) 4,485 1.71(e) 1.60(e) 1.60(e) 3.12(e) --
For the Year Ended
October 31, 2006
Class A................. 6.13 24,796 0.99 0.90 0.90 3.71 2
Class B................. 5.34 1,571 1.77 1.65 1.65 2.96 --
Class C................. 5.33 3,435 1.78 1.65 1.65 2.95 --
For the Year Ended
October 31, 2005
Class A................. 3.69 15,601 1.02 0.90 0.90 3.64 31
Class B................. 2.92 1,305 1.80 1.65 1.65 2.90 --
Class C................. 2.91 1,937 1.80 1.65 1.65 2.90 --
For the Year Ended
October 31, 2004
Class A................. 8.15 14,846 1.03 0.95 0.95 3.85 41
Class B................. 7.40 1,017 1.84 1.65 1.65 3.12 --
Class C................. 7.49 1,448 1.85 1.65 1.65 3.06 --
From inception October
31, 2002, through
October 31, 2003
Class A................. 3.06(f) 10,799 1.57(e) 0.95(e) 0.95(e) 3.73(e) 64
Class B................. 2.23(f) 1,827 2.32(e) 1.65(e) 1.65(e) 3.07(e) --
Class C................. 2.34(f) 1,230 2.18(e) 1.65(e) 1.65(e) 3.02(e) --
THE TAX-FREE MINNESOTA
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 1.29(f) 9,221 1.20(e) 0.85(e) 0.85(e) 3.99(e) 10
Class B................. 0.92(f) 786 1.96(e) 1.60(e) 1.60(e) 3.24(e) --
Class C................. 0.87(f) 697 1.93(e) 1.60(e) 1.60(e) 3.25(e) --
Class L(m).............. 1.26(f) 3,365 1.12(e) 0.90(e) 0.90(e) 4.55(e) --
Class Y(m).............. 1.26(f) 23,025 0.87(e) 0.72(e) 0.72(e) 4.58(e) --
For the Year Ended
October 31, 2006
Class A................. 5.35 6,846 1.23 0.85 0.85 3.97 16
Class B................. 4.65 804 1.98 1.57 1.57 3.25 --
Class C................. 4.65 411 1.96 1.57 1.57 3.25 --
Class L................. 5.38 2,648 1.11 0.87 0.87 3.95 --
Class Y................. 5.44 11 0.88 0.83 0.83 3.99 --
For the Year Ended
October 31, 2005(h)
Class A................. 1.66 5,547 1.26 0.85 0.85 3.76 10
Class B................. 0.91 814 2.02 1.60 1.60 3.01 --
Class C................. 1.01 418 2.03 1.60 1.60 3.02 --
Class L................. 1.62 2,890 1.12 0.90 0.90 3.70 --
Class Y................. 1.66 10 0.90 0.90 0.90 3.83 --
For the Year Ended
October 31, 2004
Class A................. 6.37 4,286 1.27 0.98 0.98 3.87 13
Class B................. 5.71 645 1.99 1.68 1.68 3.16 --
Class C................. 5.60 321 1.98 1.69 1.69 3.15 --
Class L................. 6.41 2,765 1.07 0.96 0.96 3.88 --
Class Y................. 6.58 1 0.85 0.85 0.85 4.07 --
For the Year Ended
October 31, 2003(h)
Class A................. 4.23 3,242 1.50 1.15 1.15 3.58 17
Class B................. 3.42 532 2.21 1.85 1.85 2.88 --
Class C................. 3.51 414 2.09 1.85 1.85 2.88 --
Class L................. 4.34 2,922 1.07 1.05 1.05 3.67 --
Class Y................. 4.50 1 0.91 0.80 0.80 3.82 --
</Table>
The accompanying notes are an integral part of these financial statements.
370
\
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE TAX-FREE MINNESOTA
FUND -- (CONTINUED)
For the Period February
19, 2002 through
October 31, 2002
Class A................. $10.29 $ 0.26 $ -- $ 0.16 $ 0.42
Class B................. 10.27 0.20 -- 0.20 0.40
Class C................. 10.27 0.20 -- 0.21 0.41
Class Y................. 10.29 0.29 -- 0.20 0.49
For the Year Ended
October 31, 2002
Class L................. 10.42 0.37 -- 0.06 0.43
THE HARTFORD TAX-FREE
NATIONAL FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 11.34 0.23 -- (0.05) 0.18
Class B................. 11.26 0.18 -- (0.04) 0.14
Class C................. 11.29 0.19 -- (0.05) 0.14
Class L(m).............. 11.31 0.24 -- (0.07) 0.17
Class Y(m).............. 11.32 0.26 -- (0.08) 0.18
For the Year Ended
October 31, 2006
Class A................. 11.13 0.45 -- 0.29 0.74
Class B................. 11.06 0.37 -- 0.28 0.65
Class C................. 11.09 0.37 -- 0.28 0.65
Class L................. 11.10 0.44 -- 0.29 0.73
Class Y................. 11.11 0.46 -- 0.29 0.75
For the Year Ended
October 31, 2005(h)
Class A................. 11.22 0.43 -- (0.09) 0.34
Class B................. 11.15 0.35 -- (0.09) 0.26
Class C................. 11.18 0.35 -- (0.09) 0.26
Class L................. 11.19 0.43 -- (0.09) 0.34
Class Y................. 11.20 0.45 -- (0.10) 0.35
For the Year Ended
October 31, 2004
Class A................. 11.07 0.45 -- 0.32 0.77
Class B................. 11.00 0.37 -- 0.32 0.69
Class C................. 11.02 0.37 -- 0.33 0.70
Class L................. 11.04 0.44 -- 0.33 0.77
Class Y................. 11.06 0.47 -- 0.32 0.79
For the Year Ended
October 31, 2003
Class A................. 11.28 0.41 -- 0.04 0.45
Class B................. 11.21 0.33 -- 0.04 0.37
Class C................. 11.23 0.33 -- 0.04 0.37
Class L................. 11.25 0.42 -- 0.04 0.46
Class Y................. 11.28 0.45 -- 0.04 0.49
For the Period February
19, 2002 through
October 31, 2002
Class A................. 10.99 0.26 -- 0.30 0.56
Class B................. 10.97 0.20 -- 0.25 0.45
Class C................. 10.97 0.20 -- 0.27 0.47
Class Y................. 10.99 0.33 -- 0.27 0.60
For the Year Ended
October 31, 2002
Class L................. 11.16 0.39 -- 0.12 0.51
THE HARTFORD TAX-FREE NEW
YORK FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 10.53 0.20 -- (0.04) 0.16
Class B................. 10.53 0.16 -- (0.04) 0.12
Class C................. 10.53 0.16 -- (0.04) 0.12
For the Year Ended
October 31, 2006
Class A................. 10.32 0.39 -- 0.23 0.62
Class B................. 10.32 0.31 -- 0.24 0.55
Class C................. 10.32 0.32 -- 0.23 0.55
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE TAX-FREE MINNESOTA
FUND -- (CONTINUED)
For the Period February
19, 2002 through
October 31, 2002
Class A................. $ (0.25) $ -- $ -- $ (0.25) $ 0.17 $10.46
Class B................. (0.20) -- -- (0.20) 0.20 10.47
Class C................. (0.20) -- -- (0.20) 0.21 10.48
Class Y................. (0.29) -- -- (0.29) 0.20 10.49
For the Year Ended
October 31, 2002
Class L................. (0.36) -- -- (0.36) 0.07 10.49
THE HARTFORD TAX-FREE
NATIONAL FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.23) (0.03) -- (0.26) (0.08) 11.26
Class B................. (0.19) (0.03) -- (0.22) (0.08) 11.18
Class C................. (0.19) (0.03) -- (0.22) (0.08) 11.21
Class L(m).............. (0.22) (0.03) -- (0.25) (0.08) 11.23
Class Y(m).............. (0.23) (0.03) -- (0.26) (0.08) 11.24
For the Year Ended
October 31, 2006
Class A................. (0.45) (0.08) -- (0.53) 0.21 11.34
Class B................. (0.37) (0.08) -- (0.45) 0.20 11.26
Class C................. (0.37) (0.08) -- (0.45) 0.20 11.29
Class L................. (0.44) (0.08) -- (0.52) 0.21 11.31
Class Y................. (0.46) (0.08) -- (0.54) 0.21 11.32
For the Year Ended
October 31, 2005(h)
Class A................. (0.43) -- -- (0.43) (0.09) 11.13
Class B................. (0.35) -- -- (0.35) (0.09) 11.06
Class C................. (0.35) -- -- (0.35) (0.09) 11.09
Class L................. (0.43) -- -- (0.43) (0.09) 11.10
Class Y................. (0.44) -- -- (0.44) (0.09) 11.11
For the Year Ended
October 31, 2004
Class A................. (0.45) (0.17) -- (0.62) 0.15 11.22
Class B................. (0.37) (0.17) -- (0.54) 0.15 11.15
Class C................. (0.37) (0.17) -- (0.54) 0.16 11.18
Class L................. (0.45) (0.17) -- (0.62) 0.15 11.19
Class Y................. (0.48) (0.17) -- (0.65) 0.14 11.20
For the Year Ended
October 31, 2003
Class A................. (0.41) (0.25) -- (0.66) (0.21) 11.07
Class B................. (0.33) (0.25) -- (0.58) (0.21) 11.00
Class C................. (0.33) (0.25) -- (0.58) (0.21) 11.02
Class L................. (0.42) (0.25) -- (0.67) (0.21) 11.04
Class Y................. (0.46) (0.25) -- (0.71) (0.22) 11.06
For the Period February
19, 2002 through
October 31, 2002
Class A................. (0.27) -- -- (0.27) 0.29 11.28
Class B................. (0.21) -- -- (0.21) 0.24 11.21
Class C................. (0.21) -- -- (0.21) 0.26 11.23
Class Y................. (0.31) -- -- (0.31) 0.29 11.28
For the Year Ended
October 31, 2002
Class L................. (0.38) (0.04) -- (0.42) 0.09 11.25
THE HARTFORD TAX-FREE NEW
YORK FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.20) (0.06) -- (0.26) (0.10) 10.43
Class B................. (0.16) (0.06) -- (0.22) (0.10) 10.43
Class C................. (0.16) (0.06) -- (0.22) (0.10) 10.43
For the Year Ended
October 31, 2006
Class A................. (0.39) (0.02) -- (0.41) 0.21 10.53
Class B................. (0.32) (0.02) -- (0.34) 0.21 10.53
Class C................. (0.32) (0.02) -- (0.34) 0.21 10.53
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE TAX-FREE MINNESOTA
FUND -- (CONTINUED)
For the Period February
19, 2002 through
October 31, 2002
Class A................. 4.16%(f) $ 2,073 1.37%(e) 1.15%(e) 1.15%(e) 3.57%(e) 36%
Class B................. 3.93(f) 238 2.09(e) 1.85(e) 1.85(e) 2.73(e) --
Class C................. 4.03(f) 304 1.92(e) 1.85(e) 1.85(e) 2.79(e) --
Class Y................. 4.92(f) 1 0.65(e) 0.65(e) 0.65(e) 3.83(e) --
For the Year Ended
October 31, 2002
Class L................. 4.22 3,344 1.04 1.04 1.04 3.56 --
THE HARTFORD TAX-FREE
NATIONAL FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 1.60(f) 101,846 1.16(e) 0.85(e) 0.85(e) 4.07(e) 16
Class B................. 1.24(f) 7,618 1.96(e) 1.60(e) 1.60(e) 3.32(e) --
Class C................. 1.24(f) 20,122 1.91(e) 1.60(e) 1.60(e) 3.32(e) --
Class L(m).............. 1.58(f) 9,032 1.11(e) 0.90(e) 0.90(e) 4.30(e) --
Class Y(m).............. 1.67(f) 27,754 0.86(e) 0.71(e) 0.71(e) 5.34(e) --
For the Year Ended
October 31, 2006
Class A................. 6.82 71,876 1.22 1.00 1.00 4.06 14
Class B................. 5.97 6,746 2.00 1.75 1.75 3.31 --
Class C................. 5.95 12,889 1.97 1.75 1.75 3.31 --
Class L................. 6.77 7,606 1.14 1.05 1.05 4.01 --
Class Y................. 6.91 11 0.91 0.89 0.89 4.17 --
For the Year Ended
October 31, 2005(h)
Class A................. 3.10 46,163 1.26 1.00 1.00 3.88 22
Class B................. 2.36 6,889 2.03 1.75 1.75 3.13 --
Class C................. 2.35 8,496 1.99 1.75 1.75 3.13 --
Class L................. 3.06 7,958 1.16 1.05 1.05 3.83 --
Class Y................. 3.20 10 0.95 0.95 0.95 4.04 --
For the Year Ended
October 31, 2004
Class A................. 7.10 35,210 1.30 1.08 1.08 4.04 18
Class B................. 6.39 6,236 2.01 1.78 1.78 3.32 --
Class C................. 6.47 8,357 1.98 1.78 1.78 3.33 --
Class L................. 7.12 7,687 1.15 1.08 1.08 4.02 --
Class Y................. 7.36 1 0.91 0.91 0.91 4.23 --
For the Year Ended
October 31, 2003
Class A................. 4.18 21,457 1.61 1.15 1.15 3.75 35
Class B................. 3.43 6,598 2.33 1.85 1.85 3.05 --
Class C................. 3.42 7,588 2.21 1.85 1.85 3.06 --
Class L................. 4.24 7,454 1.18 1.10 1.10 3.76 --
Class Y................. 4.53 1 1.17 0.85 0.85 4.06 --
For the Period February
19, 2002 through
October 31, 2002
Class A................. 5.17(f) 12,192 1.63(e) 1.15(e) 1.15(e) 3.31(e) 47
Class B................. 4.18(f) 3,764 2.33(e) 1.85(e) 1.85(e) 2.54(e) --
Class C................. 4.37(f) 3,121 2.18(e) 1.85(e) 1.85(e) 2.57(e) --
Class Y................. 5.52(f) 1 0.63(e) 0.63(e) 0.63(e) 4.15(e) --
For the Year Ended
October 31, 2002
Class L................. 4.72 7,360 1.19 1.15 1.15 3.50 --
THE HARTFORD TAX-FREE NEW
YORK FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 1.50(f) 11,567 0.98(e) 0.85(e) 0.85(e) 3.82(e) 6
Class B................. 1.13(f) 1,841 1.75(e) 1.60(e) 1.60(e) 3.07(e) --
Class C................. 1.14(f) 2,737 1.74(e) 1.60(e) 1.60(e) 3.07(e) --
For the Year Ended
October 31, 2006
Class A................. 6.21 11,182 1.03 0.85 0.85 3.78 25
Class B................. 5.41 1,808 1.79 1.60 1.60 3.03 --
Class C................. 5.41 2,492 1.78 1.60 1.60 3.03 --
</Table>
371
HARTFORD MUTUAL FUNDS, INC. AND HARTFORD MUTUAL FUNDS II, INC.
FINANCIAL HIGHLIGHTS -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD TAX-FREE NEW
YORK FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. $10.42 $ 0.36 $ -- $(0.08) $ 0.28
Class B................. 10.42 0.28 -- (0.08) 0.20
Class C................. 10.42 0.28 -- (0.08) 0.20
For the Year Ended
October 31, 2004
Class A................. 10.15 0.37 -- 0.37 0.74
Class B................. 10.15 0.30 -- 0.37 0.67
Class C................. 10.15 0.30 -- 0.37 0.67
From inception October
31, 2002, through
October 31, 2003
Class A................. 10.00 0.34 -- 0.16 0.50
Class B................. 10.00 0.27 -- 0.16 0.43
Class C................. 10.00 0.27 -- 0.16 0.43
THE HARTFORD TOTAL RETURN
BOND FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 10.59 0.24 -- 0.06 0.30
Class B................. 10.54 0.20 -- 0.05 0.25
Class C................. 10.61 0.21 -- 0.04 0.25
Class I................. 10.60 0.26 -- 0.06 0.32
Class Y................. 10.71 0.27 -- 0.05 0.32
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 10.76 0.17 -- (0.02) 0.15
Class R4................ 10.76 0.18 -- (0.02) 0.16
Class R5................ 10.76 0.18 -- (0.01) 0.17
For the Year Ended
October 31, 2006
Class A................. 10.62 0.41 -- 0.04 0.45
Class B................. 10.57 0.33 -- 0.04 0.37
Class C................. 10.64 0.34 -- 0.03 0.37
Class Y................. 10.73 0.47 -- 0.04 0.51
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 10.51 0.08 -- 0.09 0.17
For the Year Ended
October 31, 2005
Class A................. 10.95 0.35 -- (0.24) 0.11
Class B................. 10.90 0.27 -- (0.24) 0.03
Class C................. 10.97 0.29 -- (0.25) 0.04
Class Y................. 11.06 0.40 -- (0.24) 0.16
For the Year Ended
October 31, 2004
Class A................. 11.14 0.32 -- 0.21 0.53
Class B................. 11.09 0.24 -- 0.22 0.46
Class C................. 11.12 0.26 0.01 0.23 0.50
Class Y................. 11.24 0.39 -- 0.21 0.60
For the Year Ended
October 31, 2003
Class A................. 10.78 0.49 -- 0.48 0.97
Class B................. 10.73 0.42 -- 0.47 0.89
Class C................. 10.77 0.42 -- 0.46 0.88
Class Y................. 10.87 0.53 -- 0.50 1.03
For the Year Ended
October 31, 2002(h)
Class A................. 10.90 0.47 -- -- 0.47
Class B................. 10.85 0.40 -- -- 0.40
Class C................. 10.89 0.40 -- -- 0.40
Class Y................. 10.99 0.45 -- 0.08 0.53
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD TAX-FREE NEW
YORK FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. $ (0.36) $(0.02) $ -- $ (0.38) $(0.10) $10.32
Class B................. (0.28) (0.02) -- (0.30) (0.10) 10.32
Class C................. (0.28) (0.02) -- (0.30) (0.10) 10.32
For the Year Ended
October 31, 2004
Class A................. (0.39) (0.08) -- (0.47) 0.27 10.42
Class B................. (0.32) (0.08) -- (0.40) 0.27 10.42
Class C................. (0.32) (0.08) -- (0.40) 0.27 10.42
From inception October
31, 2002, through
October 31, 2003
Class A................. (0.35) -- -- (0.35) 0.15 10.15
Class B................. (0.28) -- -- (0.28) 0.15 10.15
Class C................. (0.28) -- -- (0.28) 0.15 10.15
THE HARTFORD TOTAL RETURN
BOND FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. (0.24) -- -- (0.24) 0.06 10.65
Class B................. (0.20) -- -- (0.20) 0.05 10.59
Class C................. (0.20) -- -- (0.20) 0.05 10.66
Class I................. (0.27) -- -- (0.27) 0.05 10.65
Class Y................. (0.26) -- -- (0.26) 0.06 10.77
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ (0.15) -- -- (0.15) -- 10.76
Class R4................ (0.16) -- -- (0.16) -- 10.76
Class R5................ (0.17) -- -- (0.17) -- 10.76
For the Year Ended
October 31, 2006
Class A................. (0.42) (0.06) -- (0.48) (0.03) 10.59
Class B................. (0.34) (0.06) -- (0.40) (0.03) 10.54
Class C................. (0.34) (0.06) -- (0.40) (0.03) 10.61
Class Y................. (0.47) (0.06) -- (0.53) (0.02) 10.71
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. (0.08) -- -- (0.08) 0.09 10.60
For the Year Ended
October 31, 2005
Class A................. (0.40) (0.04) -- (0.44) (0.33) 10.62
Class B................. (0.32) (0.04) -- (0.36) (0.33) 10.57
Class C................. (0.33) (0.04) -- (0.37) (0.33) 10.64
Class Y................. (0.45) (0.04) -- (0.49) (0.33) 10.73
For the Year Ended
October 31, 2004
Class A................. (0.35) (0.37) -- (0.72) (0.19) 10.95
Class B................. (0.28) (0.37) -- (0.65) (0.19) 10.90
Class C................. (0.28) (0.37) -- (0.65) (0.15) 10.97
Class Y................. (0.41) (0.37) -- (0.78) (0.18) 11.06
For the Year Ended
October 31, 2003
Class A................. (0.50) (0.11) -- (0.61) 0.36 11.14
Class B................. (0.42) (0.11) -- (0.53) 0.36 11.09
Class C................. (0.42) (0.11) -- (0.53) 0.35 11.12
Class Y................. (0.55) (0.11) -- (0.66) 0.37 11.24
For the Year Ended
October 31, 2002(h)
Class A................. (0.52) (0.07) -- (0.59) (0.12) 10.78
Class B................. (0.45) (0.07) -- (0.52) (0.12) 10.73
Class C................. (0.45) (0.07) -- (0.52) (0.12) 10.77
Class Y................. (0.58) (0.07) -- (0.65) (0.12) 10.87
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD TAX-FREE NEW
YORK FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. 2.66% $ 11,202 1.03% 0.85% 0.85% 3.45% 23%
Class B................. 1.90 1,794 1.80 1.60 1.60 2.70 --
Class C................. 1.90 2,677 1.79 1.60 1.60 2.70 --
For the Year Ended
October 31, 2004
Class A................. 7.52 10,541 1.04 0.91 0.91 3.66 24
Class B................. 6.76 1,568 1.74 1.61 1.61 2.96 --
Class C................. 6.76 1,973 1.75 1.62 1.62 2.95 --
From inception October
31, 2002, through
October 31, 2003
Class A................. 5.03(f) 8,602 1.63(e) 0.95(e) 0.95(e) 3.34(e) 54
Class B................. 4.30(f) 1,051 2.38(e) 1.65(e) 1.65(e) 2.64(e) --
Class C................. 4.30(f) 1,393 2.26(e) 1.65(e) 1.65(e) 2.67(e) --
THE HARTFORD TOTAL RETURN
BOND FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 2.87(f) 528,124 1.07(e) 1.00(e) 1.00(e) 4.65(e) 145
Class B................. 2.41(f) 83,043 1.95(e) 1.75(e) 1.75(e) 3.89(e) --
Class C................. 2.39(f) 80,295 1.77(e) 1.75(e) 1.75(e) 3.89(e) --
Class I................. 3.02(f) 1,848 0.68(e) 0.68(e) 0.68(e) 5.03(e) --
Class Y................. 3.03(f) 329,168 0.61(e) 0.61(e) 0.61(e) 5.04(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)
Class R3................ 2.71(f) 10 1.50(e) 1.25(e) 1.25(e) 4.43(e) --
Class R4................ 2.80(f) 10 1.19(e) 1.00(e) 1.00(e) 4.68(e) --
Class R5................ 2.86(f) 10 0.90(e) 0.85(e) 0.85(e) 4.83(e) --
For the Year Ended
October 31, 2006
Class A................. 4.35 432,703 1.20 1.20 1.20 3.98 456
Class B................. 3.56 79,506 2.02 1.95 1.95 3.20 --
Class C................. 3.63 75,194 1.87 1.87 1.87 3.29 --
Class Y................. 4.89 285,255 0.70 0.70 0.70 4.48 --
From (commencement of
operations) August 31,
2006, through October
31, 2006
Class I................. 1.58(f) 38 1.01(e) 0.91(e) 0.91(e) 4.78(e) --
For the Year Ended
October 31, 2005
Class A................. 1.00 311,557 1.24 1.20 1.20 3.24 195
Class B................. 0.25 81,028 2.00 1.95 1.95 2.49 --
Class C................. 0.34 74,039 1.87 1.87 1.87 2.56 --
Class Y................. 1.45 188,156 0.73 0.73 0.73 3.73 --
For the Year Ended
October 31, 2004
Class A................. 5.10(i) 298,903 1.27 1.25 1.25 2.98 171
Class B................. 4.37(i) 91,861 1.97 1.95 1.95 2.28 --
Class C................. 4.76(i) 89,504 1.86 1.86 1.86 2.37 --
Class Y................. 5.64 101,360 0.74 0.74 0.74 3.48 --
For the Year Ended
October 31, 2003
Class A................. 9.16 268,655 1.40 1.25 1.25 3.39 199
Class B................. 8.44 106,077 2.13 1.95 1.95 2.70 --
Class C................. 8.31 110,214 2.01 1.95 1.95 2.71 --
Class Y................. 9.68 60,125 0.81 0.80 0.80 3.82 --
For the Year Ended
October 31, 2002(h)
Class A................. 4.50 215,083 1.42 1.25 1.25 4.65 149
Class B................. 3.77 98,028 2.10 1.95 1.95 3.92 --
Class C................. 3.80 107,479 1.98 1.95 1.95 3.92 --
Class Y................. 5.01 39,778 0.78 0.78 0.78 5.16 --
</Table>
The accompanying notes are an integral part of these financial statements.
372
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD U.S.
GOVERNMENT SECURITIES
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $ 9.23 $ 0.22 $ -- $(0.01) $ 0.21
Class B................. 9.18 0.18 -- -- 0.18
Class C................. 9.18 0.18 -- -- 0.18
Class L(m).............. 9.22 0.22 -- (0.01) 0.21
Class Y(m).............. 9.20 0.22 -- 0.03 0.25
For the Year Ended
October 31, 2006(h)
Class A................. 9.32 0.42 -- (0.08) 0.34
Class B................. 9.27 0.35 -- (0.08) 0.27
Class C................. 9.27 0.35 -- (0.08) 0.27
Class L................. 9.31 0.43 -- (0.08) 0.35
Class Y................. 9.32 0.41 -- (0.07) 0.34
For the Year Ended
October 31, 2005
Class A................. 9.65 0.40 -- (0.32) 0.08
Class B................. 9.62 0.32 -- (0.34) (0.02)
Class C................. 9.61 0.32 -- (0.33) (0.01)
Class L................. 9.65 0.41 -- (0.34) 0.07
Class Y................. 9.66 0.41 -- (0.31) 0.10
For the Year Ended
October 31, 2004
Class A................. 9.67 0.40 -- (0.01) 0.39
Class B................. 9.64 0.32 -- -- 0.32
Class C................. 9.63 0.32 -- -- 0.32
Class L................. 9.67 0.41 -- (0.01) 0.40
Class Y................. 9.68 0.44 -- (0.02) 0.42
For the Year Ended
October 31, 2003
Class A................. 9.88 0.41 -- (0.21) 0.20
Class B................. 9.84 0.33 -- (0.19) 0.14
Class C................. 9.84 0.33 -- (0.20) 0.13
Class L................. 9.87 0.42 -- (0.19) 0.23
Class Y................. 9.89 0.45 -- (0.20) 0.25
For the Period February
19, 2002 through
October 31, 2002
Class A................. 9.50 0.26 -- 0.38 0.64
Class B................. 9.46 0.21 -- 0.38 0.59
Class C................. 9.46 0.21 -- 0.38 0.59
Class Y................. 9.50 0.32 -- 0.36 0.68
For the Year Ended
October 31, 2002
Class L................. 9.67 0.39 -- 0.20 0.59
THE HARTFORD VALUE FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. 12.91 0.06 -- 1.18 1.24
Class B................. 12.71 0.01 -- 1.15 1.16
Class C................. 12.71 0.01 -- 1.15 1.16
Class Y................. 12.91 0.09 -- 1.18 1.27
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ 12.51 0.02 -- 0.73 0.75
Class R4................ 12.51 0.04 -- 0.72 0.76
Class R5................ 12.51 0.05 -- 0.73 0.78
For the Year Ended
October 31, 2006
Class A................. 10.79 0.09 -- 2.11 2.20
Class B................. 10.62 0.01 -- 2.08 2.09
Class C................. 10.62 0.01 -- 2.08 2.09
Class Y................. 10.79 0.15 -- 2.10 2.25
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD U.S.
GOVERNMENT SECURITIES
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. $ (0.22) $ -- $ -- $ (0.22) $(0.01) $ 9.22
Class B................. (0.18) -- -- (0.18) -- 9.18
Class C................. (0.18) -- -- (0.18) -- 9.18
Class L(m).............. (0.22) -- -- (0.22) (0.01) 9.21
Class Y(m).............. (0.22) -- -- (0.22) 0.03 9.23
For the Year Ended
October 31, 2006(h)
Class A................. (0.43) -- -- (0.43) (0.09) 9.23
Class B................. (0.36) -- -- (0.36) (0.09) 9.18
Class C................. (0.36) -- -- (0.36) (0.09) 9.18
Class L................. (0.44) -- -- (0.44) (0.09) 9.22
Class Y................. (0.46) -- -- (0.46) (0.12) 9.20
For the Year Ended
October 31, 2005
Class A................. (0.41) -- -- (0.41) (0.33) 9.32
Class B................. (0.33) -- -- (0.33) (0.35) 9.27
Class C................. (0.33) -- -- (0.33) (0.34) 9.27
Class L................. (0.41) -- -- (0.41) (0.34) 9.31
Class Y................. (0.44) -- -- (0.44) (0.34) 9.32
For the Year Ended
October 31, 2004
Class A................. (0.41) -- -- (0.41) (0.02) 9.65
Class B................. (0.34) -- -- (0.34) (0.02) 9.62
Class C................. (0.34) -- -- (0.34) (0.02) 9.61
Class L................. (0.42) -- -- (0.42) (0.02) 9.65
Class Y................. (0.44) -- -- (0.44) (0.02) 9.66
For the Year Ended
October 31, 2003
Class A................. (0.41) -- -- (0.41) (0.21) 9.67
Class B................. (0.34) -- -- (0.34) (0.20) 9.64
Class C................. (0.34) -- -- (0.34) (0.21) 9.63
Class L................. (0.43) -- -- (0.43) (0.20) 9.67
Class Y................. (0.46) -- -- (0.46) (0.21) 9.68
For the Period February
19, 2002 through
October 31, 2002
Class A................. (0.26) -- -- (0.26) 0.38 9.88
Class B................. (0.21) -- -- (0.21) 0.38 9.84
Class C................. (0.21) -- -- (0.21) 0.38 9.84
Class Y................. (0.29) -- -- (0.29) 0.39 9.89
For the Year Ended
October 31, 2002
Class L................. (0.39) -- -- (0.39) 0.20 9.87
THE HARTFORD VALUE FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. -- (0.79) -- (0.79) 0.45 13.36
Class B................. -- (0.79) -- (0.79) 0.37 13.08
Class C................. -- (0.79) -- (0.79) 0.37 13.08
Class Y................. (0.09) (0.79) -- (0.88) 0.39 13.30
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ -- -- -- -- 0.75 13.26
Class R4................ -- -- -- -- 0.76 13.27
Class R5................ -- -- -- -- 0.78 13.29
For the Year Ended
October 31, 2006
Class A................. (0.08) -- -- (0.08) 2.12 12.91
Class B................. -- -- -- -- 2.09 12.71
Class C................. -- -- -- -- 2.09 12.71
Class Y................. (0.13) -- -- (0.13) 2.12 12.91
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD U.S.
GOVERNMENT SECURITIES
FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)
Class A................. 2.26%(f) $ 46,593 1.23%(e) 1.00%(e) 1.00%(e) 4.74%(e) 55%
Class B................. 2.00(f) 15,307 2.08(e) 1.72(e) 1.72(e) 4.01(e) --
Class C................. 1.99(f) 8,922 1.92(e) 1.75(e) 1.75(e) 3.98(e) --
Class L(m).............. 2.30(f) 33,343 0.94(e) 0.93(e) 0.93(e) 4.97(e) --
Class Y(m).............. 2.70(f) 83,964 0.71(e) 0.71(e) 0.71(e) 6.42(e) --
For the Year Ended
October 31, 2006(h)
Class A................. 3.77 45,851 1.39 1.15 1.15 4.60 158
Class B................. 3.01 17,011 2.20 1.91 1.91 3.84 --
Class C................. 3.01 9,698 2.08 1.90 1.90 3.86 --
Class L................. 3.86 30,712 1.08 1.08 1.08 4.67 --
Class Y................. 3.75 101 0.85 0.83 0.83 4.86 --
For the Year Ended
October 31, 2005
Class A................. 0.79 47,252 1.38 1.15 1.15 4.17 108
Class B................. (0.17) 21,268 2.17 1.90 1.90 3.41 --
Class C................. (0.07) 9,631 2.05 1.90 1.90 3.41 --
Class L................. 0.77 34,880 1.08 1.08 1.08 4.24 --
Class Y................. 1.04 9,244 0.86 0.86 0.86 4.52 --
For the Year Ended
October 31, 2004
Class A................. 4.08 53,401 1.38 1.20 1.20 4.09 110
Class B................. 3.37 26,218 2.11 1.90 1.90 3.39 --
Class C................. 3.37 13,926 2.00 1.90 1.90 3.38 --
Class L................. 4.24 38,613 1.04 1.04 1.04 4.26 --
Class Y................. 4.48 1 0.83 0.83 0.83 4.51 --
For the Year Ended
October 31, 2003
Class A................. 2.06 65,337 1.48 1.20 1.20 4.11 108
Class B................. 1.45 38,210 2.21 1.90 1.90 3.41 --
Class C................. 1.34 26,626 2.07 1.90 1.90 3.43 --
Class L................. 2.32 43,202 1.06 1.06 1.06 4.24 --
Class Y................. 2.51 1 0.87 0.80 0.80 4.50 --
For the Period February
19, 2002 through
October 31, 2002
Class A................. 6.87(f) 75,245 1.59(e) 1.20(e) 1.20(e) 3.58(e) 218
Class B................. 6.36(f) 39,276 2.28(e) 1.90(e) 1.90(e) 2.87(e) --
Class C................. 6.36(f) 40,708 2.11(e) 1.90(e) 1.90(e) 2.86(e) --
Class Y................. 7.32(f) 1 0.74(e) 0.74(e) 0.74(e) 4.36(e) --
For the Year Ended
October 31, 2002
Class L................. 6.29 49,048 1.06 1.06 1.06 4.20 --
THE HARTFORD VALUE FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. 10.25(f)(i) 87,549 1.30(e) 1.30(e) 1.30(e) 1.01(e) 16
Class B................. 9.76(f)(i) 13,144 2.21(e) 2.14(e) 2.14(e) 0.17(e) --
Class C................. 9.76(f)(i) 14,085 2.07(e) 2.07(e) 2.07(e) 0.24(e) --
Class Y................. 10.50(f)(i) 277,608 0.86(e) 0.86(e) 0.86(e) 1.40(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ 10.17(f) 11 1.76(e) 1.65(e) 1.65(e) 0.49(e) --
Class R4................ 10.25(f) 11 1.44(e) 1.35(e) 1.35(e) 0.78(e) --
Class R5................ 10.42(f) 11 1.16(e) 1.05(e) 1.05(e) 1.08(e) --
For the Year Ended
October 31, 2006
Class A................. 20.52 79,476 1.38 1.38 1.38 0.89 50
Class B................. 19.68 11,957 2.29 2.13 2.13 0.15 --
Class C................. 19.68 12,943 2.15 2.15 2.15 0.12 --
Class Y................. 21.07 72,054 0.92 0.92 0.92 1.36 --
</Table>
373
HARTFORD MUTUAL FUNDS, INC. AND HARTFORD MUTUAL FUNDS II, INC.
FINANCIAL HIGHLIGHTS -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD VALUE
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. $ 9.71 $ 0.08 $ -- $ 1.04 $ 1.12
Class B................. 9.60 -- -- 1.02 1.02
Class C................. 9.60 -- -- 1.02 1.02
Class Y................. 9.71 0.12 -- 1.05 1.17
For the Year Ended
October 31, 2004(h)
Class A................. 8.92 0.07 -- 0.79 0.86
Class B................. 8.83 0.01 -- 0.78 0.79
Class C................. 8.83 0.01 -- 0.78 0.79
Class Y................. 8.95 0.10 -- 0.77 0.87
For the Year Ended
October 31, 2003(h)
Class A................. 7.59 0.08 -- 1.31 1.39
Class B................. 7.51 0.03 -- 1.29 1.32
Class C................. 7.51 0.03 -- 1.29 1.32
Class Y................. 7.64 0.16 -- 1.25 1.41
For the Year Ended
October 31, 2002(h)
Class A................. 9.02 0.05 -- (1.43) (1.38)
Class B................. 8.99 (0.02) -- (1.41) (1.43)
Class C................. 8.99 (0.02) -- (1.41) (1.43)
Class Y................. 9.04 0.09 -- (1.44) (1.35)
THE HARTFORD VALUE
OPPORTUNITIES FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. 18.26 0.05 -- 1.95 2.00
Class B................. 16.92 (0.01) -- 1.79 1.78
Class C................. 16.92 (0.01) -- 1.79 1.78
Class I................. 18.27 0.06 -- 1.96 2.02
Class L(k).............. 18.29 0.04 -- 1.98 2.02
Class Y................. 18.48 0.09 -- 2.02 2.11
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ 17.74 0.01 -- 1.20 1.21
Class R4................ 17.74 0.03 -- 1.20 1.23
Class R5................ 17.74 0.05 -- 1.20 1.25
For the Year Ended
October 31, 2006(h)
Class A................. 15.56 0.09 -- 3.11 3.20
Class B................. 14.56 (0.03) -- 2.89 2.86
Class C................. 14.56 (0.04) -- 2.90 2.86
Class L................. 15.58 0.12 -- 3.11 3.23
Class Y................. 15.74 0.15 -- 3.15 3.30
From (commencement of
operations) August 31,
2006, through October
31, 2006(h)
Class I................. 17.12 0.01 -- 1.14 1.15
For the Year Ended
October 31, 2005
Class A................. 14.06 0.03 -- 1.47 1.50
Class B................. 13.24 (0.05) -- 1.37 1.32
Class C................. 13.25 (0.05) -- 1.36 1.31
Class L................. 14.06 0.07 -- 1.45 1.52
Class Y................. 14.17 0.05 -- 1.52 1.57
For the Year Ended
October 31, 2004
Class A................. 12.15 0.01 -- 1.90 1.91
Class B................. 11.53 (0.06) -- 1.77 1.71
Class C................. 11.53 (0.06) -- 1.78 1.72
Class L................. 12.15 -- -- 1.91 1.91
Class Y................. 12.22 0.01 -- 1.94 1.95
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD VALUE
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. $ (0.04) $ -- $ -- $ (0.04) $ 1.08 $10.79
Class B................. -- -- -- -- 1.02 10.62
Class C................. -- -- -- -- 1.02 10.62
Class Y................. (0.09) -- -- (0.09) 1.08 10.79
For the Year Ended
October 31, 2004(h)
Class A................. (0.07) -- -- (0.07) 0.79 9.71
Class B................. (0.02) -- -- (0.02) 0.77 9.60
Class C................. (0.02) -- -- (0.02) 0.77 9.60
Class Y................. (0.11) -- -- (0.11) 0.76 9.71
For the Year Ended
October 31, 2003(h)
Class A................. (0.06) -- -- (0.06) 1.33 8.92
Class B................. -- -- -- -- 1.32 8.83
Class C................. -- -- -- -- 1.32 8.83
Class Y................. (0.10) -- -- (0.10) 1.31 8.95
For the Year Ended
October 31, 2002(h)
Class A................. -- (0.05) -- (0.05) (1.43) 7.59
Class B................. -- (0.05) -- (0.05) (1.48) 7.51
Class C................. -- (0.05) -- (0.05) (1.48) 7.51
Class Y................. -- (0.05) -- (0.05) (1.40) 7.64
THE HARTFORD VALUE
OPPORTUNITIES FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. (0.14) (1.52) -- (1.66) 0.34 18.60
Class B................. (0.04) (1.52) -- (1.56) 0.22 17.14
Class C................. (0.08) (1.52) -- (1.60) 0.18 17.10
Class I................. (0.32) (1.52) -- (1.84) 0.18 18.45
Class L(k).............. (0.14) (1.52) -- (1.66) 0.36 18.65
Class Y................. -- (1.52) -- (1.52) 0.59 19.07
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ -- -- -- -- 1.21 18.95
Class R4................ -- -- -- -- 1.23 18.97
Class R5................ -- -- -- -- 1.25 18.99
For the Year Ended
October 31, 2006(h)
Class A................. -- (0.50) -- (0.50) 2.70 18.26
Class B................. -- (0.50) -- (0.50) 2.36 16.92
Class C................. -- (0.50) -- (0.50) 2.36 16.92
Class L................. (0.02) (0.50) -- (0.52) 2.71 18.29
Class Y................. (0.06) (0.50) -- (0.56) 2.74 18.48
From (commencement of
operations) August 31,
2006, through October
31, 2006(h)
Class I................. -- -- -- -- 1.15 18.27
For the Year Ended
October 31, 2005
Class A................. -- -- -- -- 1.50 15.56
Class B................. -- -- -- -- 1.32 14.56
Class C................. -- -- -- -- 1.31 14.56
Class L................. -- -- -- -- 1.52 15.58
Class Y................. -- -- -- -- 1.57 15.74
For the Year Ended
October 31, 2004
Class A................. -- -- -- -- 1.91 14.06
Class B................. -- -- -- -- 1.71 13.24
Class C................. -- -- -- -- 1.72 13.25
Class L................. -- -- -- -- 1.91 14.06
Class Y................. -- -- -- -- 1.95 14.17
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD VALUE
FUND -- (CONTINUED)
For the Year Ended
October 31, 2005
Class A................. 11.50% $ 63,417 1.41% 1.40% 1.40% 0.76% 29%
Class B................. 10.62 10,091 2.34 2.15 2.15 0.01 --
Class C................. 10.62 10,238 2.19 2.15 2.15 0.02 --
Class Y................. 12.06 60,218 0.93 0.93 0.93 1.19 --
For the Year Ended
October 31, 2004(h)
Class A................. 9.70 56,845 1.46 1.45 1.45 0.76 34
Class B................. 8.91 8,948 2.36 2.15 2.15 0.06 --
Class C................. 8.91 10,838 2.17 2.15 2.15 0.06 --
Class Y................. 9.76 21,373 0.91 0.91 0.91 1.32 --
For the Year Ended
October 31, 2003(h)
Class A................. 18.43 42,101 1.57 1.45 1.45 1.02 35
Class B................. 17.58 7,305 2.30 2.15 2.15 0.32 --
Class C................. 17.58 10,231 2.18 2.15 2.15 0.32 --
Class Y................. 18.66 27 1.00 1.00 1.00 1.46 --
For the Year Ended
October 31, 2002(h)
Class A................. (15.42) 30,010 1.63 1.45 1.45 0.69 35
Class B................. (16.03) 5,222 2.31 2.15 2.15 (0.02) --
Class C................. (16.03) 9,110 2.21 2.15 2.15 (0.04) --
Class Y................. (15.05) 230 0.98 0.98 0.98 1.09 --
THE HARTFORD VALUE
OPPORTUNITIES FUND
For the Six-Month Period
Ended April 30, 2007
(Unaudited)(h)
Class A................. 11.89(f)(i) 140,813 1.51(e) 1.40(e) 1.40(e) 0.60(e) 29
Class B................. 11.43(f)(i) 21,404 2.40(e) 2.14(e) 2.14(e) (0.14)(e) --
Class C................. 11.45(f)(i) 27,537 2.22(e) 2.15(e) 2.15(e) (0.15)(e) --
Class I................. 12.02(f)(i) 906 1.12(e) 1.12(e) 1.12(e) 0.76(e) --
Class L(k).............. 11.96(f)(i) 47,948 1.28(e) 1.26(e) 1.26(e) 0.42(e) --
Class Y................. 12.30(f)(i) 171 0.92(e) 0.92(e) 0.92(e) 2.03(e) --
From (commencement of
operations) December
22, 2006, through April
30, 2007 (Unaudited)(h)
Class R3................ 11.60(f) 11 1.92(e) 1.65(e) 1.65(e) 0.16(e) --
Class R4................ 11.71(f) 11 1.60(e) 1.35(e) 1.35(e) 0.46(e) --
Class R5................ 11.83(f) 11 1.33(e) 1.05(e) 1.05(e) 0.77(e) --
For the Year Ended
October 31, 2006(h)
Class A................. 21.12 111,324 1.52 1.40 1.40 0.51 57
Class B................. 20.21 18,271 2.38 2.12 2.12 (0.20) --
Class C................. 20.20 22,466 2.22 2.15 2.15 (0.24) --
Class L................. 21.31 32,983 1.23 1.23 1.23 0.68 --
Class Y................. 21.55 102,915 1.00 1.00 1.00 0.90 --
From (commencement of
operations) August 31,
2006, through October
31, 2006(h)
Class I................. 6.72(f) 12 1.38(e) 1.15(e) 1.15(e) 0.12(e) --
For the Year Ended
October 31, 2005
Class A................. 10.67 66,368 1.62 1.40 1.40 0.27 38
Class B................. 9.97 13,560 2.51 2.15 2.15 (0.47) --
Class C................. 9.89 13,258 2.33 2.15 2.15 (0.47) --
Class L................. 10.81 27,674 1.30 1.30 1.30 0.45 --
Class Y................. 11.08 95,974 1.07 1.07 1.07 0.55 --
For the Year Ended
October 31, 2004
Class A................. 15.72 24,601 1.82 1.45 1.45 0.08 52
Class B................. 14.83 5,709 2.70 2.15 2.15 (0.64) --
Class C................. 14.92 5,627 2.47 2.15 2.15 (0.64) --
Class L................. 15.72 25,687 1.42 1.42 1.42 0.04 --
Class Y................. 15.96 10,101 1.16 1.16 1.16 0.34 --
</Table>
The accompanying notes are an integral part of these financial statements.
374
- --------------------------------------------------------------------------------
<Table>
<Caption>
-- SELECTED PER-SHARE DATA(a) --
--------------------------------------------------------------
NET REALIZED
AND
NET ASSET NET PAYMENTS UNREALIZED TOTAL
VALUE AT INVESTMENT FROM GAIN FROM
BEGINNING INCOME (TO) (LOSS) ON INVESTMENT
OF PERIOD (LOSS) AFFILIATE INVESTMENTS OPERATIONS
--------- ---------- --------- ------------ ----------
THE HARTFORD VALUE
OPPORTUNITIES
FUND -- (CONTINUED)
For the Year Ended
October 31, 2003
Class A................. $ 9.26 $ (0.01) $ -- $ 2.90 $ 2.89
Class B................. 8.84 (0.04) -- 2.73 2.69
Class C................. 8.85 (0.04) -- 2.72 2.68
Class L................. 9.26 (0.01) -- 2.90 2.89
Class Y................. 9.30 0.01 -- 2.91 2.92
For the Period February
19, 2002 through
October 31, 2002
Class A................. 11.73 -- -- (2.47) (2.47)
Class B................. 11.26 (0.02) -- (2.40) (2.42)
Class C................. 11.26 (0.02) -- (2.39) (2.41)
Class Y................. 11.73 0.05 -- (2.48) (2.43)
For the Year Ended
October 31, 2002
Class L................. 11.99 -- -- (1.92) (1.92)
<Caption>
-- SELECTED PER-SHARE DATA(a) --
-----------------------------------------------------------------------------------
NET
DISTRIBUTIONS INCREASE
DIVIDENDS FROM (DECREASE) NET ASSET
FROM NET REALIZED DISTRIBUTIONS IN NET VALUE AT
INVESTMENT CAPITAL FROM TOTAL ASSET END
INCOME GAINS CAPITAL DISTRIBUTIONS VALUE OF PERIOD
---------- ------------- ------------- ------------- ---------- ---------
THE HARTFORD VALUE
OPPORTUNITIES
FUND -- (CONTINUED)
For the Year Ended
October 31, 2003
Class A................. $ -- $ -- $ -- $ -- $ 2.89 $12.15
Class B................. -- -- -- -- 2.69 11.53
Class C................. -- -- -- -- 2.68 11.53
Class L................. -- -- -- -- 2.89 12.15
Class Y................. -- -- -- -- 2.92 12.22
For the Period February
19, 2002 through
October 31, 2002
Class A................. -- -- -- -- (2.47) 9.26
Class B................. -- -- -- -- (2.42) 8.84
Class C................. -- -- -- -- (2.41) 8.85
Class Y................. -- -- -- -- (2.43) 9.30
For the Year Ended
October 31, 2002
Class L................. -- (0.81) -- (0.81) (2.73) 9.26
<Caption>
-- RATIOS AND SUPPLEMENTAL DATA --
-----------------------------------------------------------------------------------------------------
RATIO OF
RATIO OF RATIO OF EXPENSES
EXPENSES EXPENSES TO AVERAGE RATIO OF
TO AVERAGE TO AVERAGE NET ASSETS NET
NET ASSETS NET ASSETS AFTER WAIVERS INVESTMENT
NET ASSETS BEFORE WAIVERS AFTER WAIVERS AND INCOME
AT END OF AND INCLUDING AND INCLUDING EXCLUDING TO AVERAGE PORTFOLIO
TOTAL PERIOD INTEREST INTEREST INTEREST NET TURNOVER
RETURN(b) (000'S) EXPENSE(d) EXPENSE(d) EXPENSE(d) ASSETS RATE(c)
--------- ----------- -------------- ------------- ------------- ---------- ---------
THE HARTFORD VALUE
OPPORTUNITIES
FUND -- (CONTINUED)
For the Year Ended
October 31, 2003
Class A................. 31.21% $ 5,917 1.92% 1.45% 1.45% (0.10)% 57%
Class B................. 30.43 1,932 2.63 2.15 2.15 (0.80) --
Class C................. 30.28 1,613 2.51 2.15 2.15 (0.81) --
Class L................. 31.21 22,701 1.51 1.45 1.45 (0.11) --
Class Y................. 31.40 1 1.33 1.25 1.25 0.08 --
For the Period February
19, 2002 through
October 31, 2002
Class A................. (21.06)(f) 2,600 1.92(e) 1.45(e) 1.45(e) 0.04(e) 70
Class B................. (21.45)(f) 481 2.61(e) 2.15(e) 2.15(e) (0.71)(e) --
Class C................. (21.41)(f) 430 2.48(e) 2.15(e) 2.15(e) (0.75)(e) --
Class Y................. (20.75)(f) 1 1.13(e) 1.00(e) 1.00(e) 0.49(e) --
For the Year Ended
October 31, 2002
Class L................. (17.34) 19,684 1.43 1.43 1.43 (0.11) --
</Table>
- ---------------
(a) Information presented relates to a share outstanding throughout the
indicated period.
(b) 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.
(c) Portfolio turnover rate is calculated on the basis of the Fund as a whole
without distinguishing between the classes of shares issued.
(d) Ratios do not include fees paid indirectly.
(e) Annualized.
(f) Not annualized.
(g) Expense ratios do not include expenses of the underlying funds.
(h) Per share amounts have been calculated using average shares outstanding
method.
(i) Total return without the inclusion of the Payments from (to) Affiliate, as
noted on the Statement of Operations, can be found in Note 3(g).
(k) Classes H, M and N were merged into Class L on February 9, 2007. Please
refer to Note 8 in the Notes to Financial Statements for further details.
(l) Classes H, M and N were merged into Class L and Class Z was merged into
Class Y on February 9, 2007. Please refer to Note 8 in the Notes to
Financial Statements for further details.
(m) Classes H, M and N were merged into Class L and Class E was merged into
Class Y on February 9, 2007. Please refer to Note 8 in the Notes to
Financial Statements for further details.
375
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
DIRECTORS AND OFFICERS (UNAUDITED)
- --------------------------------------------------------------------------------
The Board of Directors elects officers who are responsible for the day-to-day
operations of the Funds and who execute policies formulated by the Directors.
Each director serves until his or her death, resignation, or retirement or until
the next meeting of shareholders is held or until his or her successor is
elected and qualifies.
Directors and officers who are employed by or who have a substantial financial
interest in The Hartford are considered "interested" persons of the Funds
pursuant to the Investment Company Act of 1940. Each officer and three of the
Funds' directors, as noted in the chart below, are "interested" persons of the
Funds. Each director serves as a director for The Hartford Mutual Funds, Inc.,
The Hartford Mutual Funds II, Inc., The Hartford Income Shares Fund, Inc.,
Hartford Series Fund, Inc., and Hartford HLS Series Fund II, Inc. which
collectively consist of 86 funds. Correspondence may be sent to directors and
officers c/o Hartford Mutual Funds, P.O. Box 2999, Hartford, CT 06104-2999,
except that correspondence to Ms. Fagely and Ms. Settimi may be sent to 500
Bielenberg Drive, Woodbury, MN 55125.
The table below sets forth, for each director and officer, his or her name, age,
current position with the Funds, date first elected or appointed to The Hartford
Mutual Funds, Inc. ("MF") and The Hartford Mutual Funds II, Inc. ("MF2"),
principal occupation, and, for directors, other directorships held. The Funds'
statement of additional information contains further information on the
directors and is available free of charge by calling 1-888-843-7824 or writing
to Hartford Mutual Funds, P.O. Box 64387, St. Paul, MN 55164-0387.
Information on the aggregate remuneration paid to the directors by each Fund can
be found in the Statements of Operations herein. The Funds do not pay salaries
or compensation to any of their officers or directors who are employed by The
Hartford.
NON-INTERESTED DIRECTORS
LYNN S. BIRDSONG (age 60) Director since 2003, Chairman of the Litigation
Committee; Co-Chairman of the Investment Committee
Since 1981, Mr. Birdsong has been a partner in Birdsong Company, an
advertising specialty firm. Since 2003, Mr. Birdsong has been an
independent director of The Japan Fund. From 2003 to March 2005, Mr.
Birdsong was an independent director of the Atlantic Whitehall Funds. From
1979 to 2002, Mr. Birdsong was a managing director of Zurich Scudder
Investments, an investment management firm. During his employment with
Scudder, Mr. Birdsong was an interested director of The Japan Fund.
ROBERT M. GAVIN (age 66) Director since 2002 (MF) and 1986(MF2), Chairman of the
Board since 2004
Dr. Gavin is an educational consultant. Prior to September 1, 2001, he was
President of Cranbrook Education Community; and prior to July 1996, he was
President of Macalester College, St. Paul, Minnesota.
DUANE E. HILL (age 61) Director since 2001 (MF) and 2002 (MF2), Chairman of the
Nominating Committee
Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment
company that invests primarily in minority-owned small businesses. Mr. Hill
is a former partner of TSG Capital Group, a private equity investment firm
that serves as sponsor and lead investor in leveraged buyouts of middle
market companies.
SANDRA S. JAFFEE (age 65) Director since 2005
Ms. Jaffee is Chief Executive Officer of Fortent (formerly Searchspace
Group), a leading provider of compliance/regulatory technology to financial
institutions. Ms. Jaffee served as an Entrepreneur in Residence with
Warburg Pincus, a private equity firm, from August 2004 to August 2005.
From September 1995 to July 2004, Ms. Jaffee served as Executive Vice
President at Citigroup, where she was President and Chief Executive Officer
of Citibank's Global Securities Services.
WILLIAM P. JOHNSTON (age 62) Director since 2005, Chairman of the Compliance
Committee
In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle
Group, a global private equity investment firm. In May 2006, Mr. Johnston
was elected to the Supervisory Board of Fresenius Medical Care AG & Co.
KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr.
Johnston joined Renal Care Group in November 2002 as a member of the Board
of Directors and served as Chairman of the Board from March 2003 through
March 2006. From September 1987 to December 2002, Mr. Johnston was with
Equitable Securities Corporation (and its successors, SunTrust Equitable
Securities and SunTrust Robinson Humphrey) serving in various investment
banking and managerial positions, including Managing Director and Head of
Investment Banking, Chief Executive Officer and Vice Chairman.
PHILLIP O. PETERSON (age 62) Director since 2002 (MF) and 2000 (MF2), Chairman
of the Audit Committee
Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG
LLP until July 1999. Mr. Peterson joined William Blair Funds in February
2007 as a member of the Board of Directors. From January 2004 to April
2005, Mr. Peterson served as Independent President of the Strong Mutual
Funds.
LEMMA W. SENBET (age 60) Director since 2005
Dr. Senbet is the William E. Mayer Chair Professor of Finance at the
University of Maryland, Robert H. Smith School of Business. He was chair of
the Finance Department during 1998-2006. Previously, he was an endowed
professor of finance at the University of Wisconsin-Madison. Also, he was
director of the Fortis Funds from March 2000-July 2002. Professor Senbet
served the finance profession in various capacities including, as director
of the American Finance Association and President of the Western Finance
Association.
376
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
DIRECTORS AND OFFICERS (UNAUDITED) -- (CONTINUED)
- --------------------------------------------------------------------------------
INTERESTED DIRECTORS AND OFFICERS
THOMAS M. MARRA (age 48) Director since 2002
Mr. Marra is President and Chief Operating Officer of Hartford Life, Inc.
He is also a member of the Board of Directors and a member of the Office of
the Chairman for The Hartford Financial Services Group, Inc. ("The
Hartford"), the parent company of Hartford Life. Mr. Marra was named
President of Hartford Life in 2001 and COO in 2000, and served as Director
of Hartford Life's Investment Products Division from 1998 to 2000. Mr.
Marra is also a Managing Member and President of Hartford Investment
Financial Services, LLC ("HIFSCO") and HL Investment Advisors, LLC ("HL
Advisors"). Mr. Marra served as Chairman of the Board of Hartford Mutual
Funds from 2002 to 2004.
LOWNDES A. SMITH (age 67) Director since 2002, Co-Chairman of the Investment
Committee
Mr. Smith served as Vice Chairman of The Hartford from February 1997 to
January 2002, as President and Chief Executive Officer of Hartford Life,
Inc. from February 1997 to January 2002, and as President and Chief
Operating Officer of The Hartford Life Insurance Companies from January
1989 to January 2002. Mr. Smith has served as a director of White Mountains
Insurance Group since November 2003.
DAVID M. ZNAMIEROWSKI (age 46) Director since 1999 (MF) and 2005 (MF2),
President since 2001
Mr. Znamierowski currently serves as President of Hartford Investment
Management Company ("Hartford Investment Management"), and as Executive
Vice President and Chief Investment Officer for The Hartford, Hartford
Life, Inc., and Hartford Life Insurance Company. Mr. Znamierowski is also a
Managing Member, Executive Vice President and Chief Investment Officer of
HIFSCO and HL Advisors.
OTHER OFFICERS
ROBERT M. ARENA (age 38) Vice President since 2006
Mr. Arena is Senior Vice President of Hartford Life and heads its Retail
Product Management Group in the U.S. Wealth Management Division. Prior to
joining The Hartford in 2004, he was Senior Vice President in charge of
Product Management for American Skandia/ Prudential in the individual
annuities division. Mr. Arena had joined American Skandia in 1996.
TAMARA L. FAGELY (age 48) Vice President, Treasurer and Controller since 1993
Ms. Fagely has been Vice President of HASCO since 1998 and Chief Financial
Officer of HASCO since 2006. Currently, Ms. Fagely is a Vice President of
Hartford Life. She served as Assistant Vice President of Hartford Life from
December 2001 through May 2005.
THOMAS D. JONES III (age 42) Vice President and Chief Compliance Officer since
2006
Mr. Jones joined Hartford Life as Vice President and Director of Securities
Compliance in 2006 from SEI Investments, where he served as Chief
Compliance Officer for its mutual funds and investment advisers. Prior to
joining SEI, Mr. Jones was First Vice President and Compliance Director for
Merrill Lynch Investment Managers (Americas), where he worked from
1992-2004.
EDWARD P. MACDONALD (age 39) Vice President, Secretary and Chief Legal Officer
since 2005
Mr. Macdonald serves as Assistant General Counsel of The Hartford. Prior to
joining The Hartford in 2005, Mr. Macdonald was Chief Counsel, Investment
Management, with Prudential Financial (formerly American Skandia Investment
Services, Inc.). He joined Prudential in April 1999.
VERN J. MEYER (age 43) Vice President since 2006
Mr. Meyer serves as Vice President of Hartford Life and Director of its
Investment Advisory Group in the U.S. Wealth Management Division. Prior to
joining The Hartford in 2004, Mr. Meyer served as Vice President and
managing director of MassMutual, which he joined in 1987.
DENISE A. SETTIMI (age 46) Vice President since 2005
Ms. Settimi currently serves as Operations Officer of HASCO. Previously,
Ms. Settimi was with American Express Financial Advisors, where she was
Director of Retirement Plan Services from 1997 to 2003.
JOHN C. WALTERS (age 45) Vice President since 2001
Mr. Walters serves as Executive Vice President and Director of the U.S.
Wealth Management Division of Hartford Life Insurance Company. Mr. Walters
is also a Managing Member and Executive Vice President of HIFSCO and HL
Advisors. Previously Mr. Walters was with First Union Securities.
HOW TO OBTAIN A COPY OF THE FUNDS' PROXY VOTING POLICIES AND PROXY VOTING
RECORDS
HOW TO OBTAIN A COPY OF THE FUNDS' PROXY VOTING POLICIES AND PROXY VOTING
RECORDS
A description of the policies and procedures that the Funds use to determine how
to vote proxies relating to portfolio securities and a record of how the Funds
voted any proxies for the twelve month period ended June 30, 2006 is available
(1) without charge, upon request, by calling 888-843-7824 and (2) on the
Securities and Exchange Commission's website at http://www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS INFORMATION
The Funds file a complete schedule of portfolio holdings with the Commission for
the first and third quarters of each fiscal year on Form N-Q. The Funds Forms
N-Q will be available (1) without charge, upon request, by calling 888-843-7824
and (2) on the Securities and Exchange Commission's website at www.sec.gov. The
Forms N-Q may be reviewed and copied at the Commission's Public Reference Room
in Washington, DC. Information on the operation of the Public Reference Room may
be obtained by calling 1-800-SEC-0330.
377
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
EXPENSE EXAMPLE
- --------------------------------------------------------------------------------
YOUR FUND'S EXPENSES
As a shareholder of the Fund, you incur two types of costs: (1) transaction
costs, including sales charges (loads) on purchase payments and contingent
deferred sales charges (CDSC) (2) ongoing costs including management fees;
distribution fees; and other fund expenses. This example is intended to help you
understand your ongoing costs(in dollars) of investing in the Fund and to
compare these costs with the ongoing costs of investing in other mutual funds.
The example is based on an investment of $1,000 invested at the beginning of the
period and held for the period of October 31, 2006 through April 30, 2007.
ACTUAL EXPENSES
The first line of the table below provides information about actual account
values and actual expenses. You may use the information in this line, together
with the amount you invested, to estimate the expenses that you paid over the
period. Simply divide your account value by $1,000 (for example, an $8,600
account value divided by $1,000 = 8.6, then multiply the result by the number in
the first line under the heading entitled "Expenses Paid During Period" to
estimate the expenses you paid on your account during this period.
HYPOTHETICAL EXAMPLE FOR COMPARISON PURPOSES
The second line of the table below provides information about hypothetical
account values and hypothetical expenses based on the Fund's actual expense
ratio and an assumed rate of return of 5% per year before expenses, which is not
the Fund's actual return. The hypothetical account values and expenses may not
be used to estimate the actual ending account balance or expenses you paid for
the period. You may use this information to compare the ongoing costs of
investing in the Fund and other funds. To do so, compare this 5% hypothetical
example with the 5% hypothetical examples that appear in the shareholder reports
of the other funds.
Please note that the expenses shown in the table are meant to highlight your
ongoing costs only and do not reflect any transactional costs, such as sales
charges (loads) and CDSC. Therefore, the second line of the table is useful in
comparing ongoing costs only, and will not help you determine the relative total
costs of owning different funds. In addition, if these transactional costs were
included, your costs would be higher.
Expenses are equal to the Fund's annualized expense ratios multiplied by average
account value over the period, multiplied by 181/365 (to reflect the one-half
year period).
<Table>
<Caption>
ACTUAL RETURN
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD ADVISERS
FUND
Class A............ $1,000.00 $1,072.80 $ 5.77
Class B............ $1,000.00 $1,068.80 $ 9.89
Class C............ $1,000.00 $1,069.60 $ 9.28
Class R3........... $1,000.00 $1,073.10 $ 5.28
Class R4........... $1,000.00 $1,073.90 $ 4.13
Class R5........... $1,000.00 $1,075.20 $ 3.07
Class Y............ $1,000.00 $1,075.70 $ 3.40
THE HARTFORD BALANCED
ALLOCATION FUND
Class A............ $1,000.00 $1,074.50 $ 2.77
Class B............ $1,000.00 $1,069.80 $ 6.75
Class C............ $1,000.00 $1,070.00 $ 6.61
Class I............ $1,000.00 $1,076.50 $ 1.06
Class R3........... $1,000.00 $1,072.40 $ 3.71
Class R4........... $1,000.00 $1,074.00 $ 2.59
Class R5........... $1,000.00 $1,074.80 $ 1.48
<Caption>
HYPOTHETICAL (5% RETURN BEFORE EXPENSES)
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD ADVISERS
FUND
Class A............ $1,000.00 $1,019.23 $ 5.62
Class B............ $1,000.00 $1,015.23 $ 9.63
Class C............ $1,000.00 $1,015.82 $ 9.04
Class R3........... $1,000.00 $1,012.71 $ 5.13
Class R4........... $1,000.00 $1,013.82 $ 4.01
Class R5........... $1,000.00 $1,014.85 $ 2.98
Class Y............ $1,000.00 $1,021.52 $ 3.31
THE HARTFORD BALANCED
ALLOCATION FUND
Class A............ $1,000.00 $1,022.13 $ 2.70
Class B............ $1,000.00 $1,018.27 $ 6.59
Class C............ $1,000.00 $1,018.40 $ 6.45
Class I............ $1,000.00 $1,023.77 $ 1.03
Class R3........... $1,000.00 $1,014.23 $ 3.60
Class R4........... $1,000.00 $1,015.31 $ 2.52
Class R5........... $1,000.00 $1,016.38 $ 1.44
<Caption>
DAYS DAYS
ANNUALIZED IN THE IN THE
EXPENSE CURRENT FULL
RATIO 1/2 YEAR YEAR
---------- -------- ---------
THE HARTFORD ADVISERS
FUND
Class A............ 1.12% 181 365
Class B............ 1.93% 181 365
Class C............ 1.81% 181 365
Class R3........... 1.43% 130 365
Class R4........... 1.12% 130 365
Class R5........... 0.83% 130 365
Class Y............ 0.66% 181 365
THE HARTFORD BALANCED
ALLOCATION FUND
Class A............ 0.54% 181 365
Class B............ 1.32% 181 365
Class C............ 1.29% 181 365
Class I............ 0.21% 181 365
Class R3........... 1.00% 130 365
Class R4........... 0.70% 130 365
Class R5........... 0.40% 130 365
</Table>
378
- --------------------------------------------------------------------------------
<Table>
<Caption>
ACTUAL RETURN
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD BALANCED
INCOME FUND
Class A............ $1,000.00 $1,064.30 $ 6.40
Class B............ $1,000.00 $1,061.00 $10.24
Class C............ $1,000.00 $1,060.30 $10.24
Class Y............ $1,000.00 $1,066.20 $ 4.61
THE HARTFORD CAPITAL
APPRECIATION FUND
Class A............ $1,000.00 $1,076.70 $ 5.80
Class B............ $1,000.00 $1,072.40 $ 9.91
Class C............ $1,000.00 $1,073.00 $ 9.44
Class I............ $1,000.00 $1,078.00 $ 4.08
Class R3........... $1,000.00 $1,075.70 $ 5.73
Class R4........... $1,000.00 $1,076.70 $ 4.59
Class R5........... $1,000.00 $1,078.00 $ 3.48
Class Y............ $1,000.00 $1,078.80 $ 3.71
THE HARTFORD CAPITAL
APPRECIATION II
FUND
Class A............ $1,000.00 $1,132.10 $ 7.67
Class B............ $1,000.00 $1,126.50 $12.10
Class C............ $1,000.00 $1,127.90 $11.43
Class I............ $1,000.00 $1,133.50 $ 5.80
Class R3........... $1,000.00 $1,131.30 $ 6.54
Class R4........... $1,000.00 $1,132.10 $ 5.79
Class R5........... $1,000.00 $1,133.70 $ 4.77
Class Y............ $1,000.00 $1,134.40 $ 5.45
THE HARTFORD
CONSERVATIVE
ALLOCATION FUND
Class A............ $1,000.00 $1,055.00 $ 2.93
Class B............ $1,000.00 $1,051.50 $ 6.44
Class C............ $1,000.00 $1,051.50 $ 6.44
Class I............ $1,000.00 $1,056.30 $ 1.29
Class R3........... $1,000.00 $1,052.70 $ 3.86
Class R4........... $1,000.00 $1,054.50 $ 2.71
Class R5........... $1,000.00 $1,055.30 $ 1.65
THE HARTFORD
DISCIPLINED EQUITY
FUND
Class A............ $1,000.00 $1,095.20 $ 7.27
Class B............ $1,000.00 $1,091.40 $10.73
Class C............ $1,000.00 $1,091.60 $10.93
Class R3........... $1,000.00 $1,094.80 $ 6.16
Class R4........... $1,000.00 $1,096.30 $ 5.04
Class R5........... $1,000.00 $1,097.80 $ 3.92
Class Y............ $1,000.00 $1,098.60 $ 4.63
THE HARTFORD DIVIDEND
AND GROWTH FUND
Class A............ $1,000.00 $1,102.50 $ 5.74
Class B............ $1,000.00 $1,097.90 $10.21
Class C............ $1,000.00 $1,098.40 $ 9.54
Class I............ $1,000.00 $1,104.40 $ 4.10
Class R3........... $1,000.00 $1,101.40 $ 5.62
Class R4........... $1,000.00 $1,102.70 $ 4.49
Class R5........... $1,000.00 $1,104.00 $ 3.37
Class Y............ $1,000.00 $1,104.60 $ 3.61
THE HARTFORD EQUITY
GROWTH ALLOCATION
FUND
Class A............ $1,000.00 $1,106.60 $ 3.51
Class B............ $1,000.00 $1,102.90 $ 6.96
Class C............ $1,000.00 $1,102.10 $ 6.95
Class I............ $1,000.00 $1,107.90 $ 1.77
Class R3........... $1,000.00 $1,105.10 $ 3.54
Class R4........... $1,000.00 $1,106.60 $ 2.34
Class R5........... $1,000.00 $1,108.20 $ 1.27
<Caption>
HYPOTHETICAL (5% RETURN BEFORE EXPENSES)
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD BALANCED
INCOME FUND
Class A............ $1,000.00 $1,018.59 $ 6.26
Class B............ $1,000.00 $1,014.86 $10.01
Class C............ $1,000.00 $1,014.86 $10.01
Class Y............ $1,000.00 $1,020.33 $ 4.51
THE HARTFORD CAPITAL
APPRECIATION FUND
Class A............ $1,000.00 $1,019.21 $ 5.64
Class B............ $1,000.00 $1,015.23 $ 9.64
Class C............ $1,000.00 $1,015.69 $ 9.18
Class I............ $1,000.00 $1,020.86 $ 3.97
Class R3........... $1,000.00 $1,012.29 $ 5.55
Class R4........... $1,000.00 $1,013.39 $ 4.45
Class R5........... $1,000.00 $1,014.46 $ 3.37
Class Y............ $1,000.00 $1,021.22 $ 3.61
THE HARTFORD CAPITAL
APPRECIATION II
FUND
Class A............ $1,000.00 $1,017.60 $ 7.26
Class B............ $1,000.00 $1,013.41 $11.46
Class C............ $1,000.00 $1,014.05 $10.82
Class I............ $1,000.00 $1,019.36 $ 5.49
Class R3........... $1,000.00 $1,011.67 $ 6.18
Class R4........... $1,000.00 $1,012.38 $ 5.46
Class R5........... $1,000.00 $1,013.34 $ 4.50
Class Y............ $1,000.00 $1,019.69 $ 5.16
THE HARTFORD
CONSERVATIVE
ALLOCATION FUND
Class A............ $1,000.00 $1,021.94 $ 2.88
Class B............ $1,000.00 $1,018.52 $ 6.34
Class C............ $1,000.00 $1,018.52 $ 6.33
Class I............ $1,000.00 $1,023.54 $ 1.27
Class R3........... $1,000.00 $1,014.05 $ 3.79
Class R4........... $1,000.00 $1,015.17 $ 2.66
Class R5........... $1,000.00 $1,016.20 $ 1.62
THE HARTFORD
DISCIPLINED EQUITY
FUND
Class A............ $1,000.00 $1,017.85 $ 7.00
Class B............ $1,000.00 $1,014.54 $10.33
Class C............ $1,000.00 $1,014.35 $10.52
Class R3........... $1,000.00 $1,011.93 $ 5.91
Class R4........... $1,000.00 $1,013.00 $ 4.84
Class R5........... $1,000.00 $1,014.07 $ 3.77
Class Y............ $1,000.00 $1,020.38 $ 4.46
THE HARTFORD DIVIDEND
AND GROWTH FUND
Class A............ $1,000.00 $1,019.33 $ 5.51
Class B............ $1,000.00 $1,015.06 $ 9.80
Class C............ $1,000.00 $1,015.70 $ 9.16
Class I............ $1,000.00 $1,020.90 $ 3.93
Class R3........... $1,000.00 $1,012.46 $ 5.38
Class R4........... $1,000.00 $1,013.53 $ 4.30
Class R5........... $1,000.00 $1,014.60 $ 3.23
Class Y............ $1,000.00 $1,021.36 $ 3.47
THE HARTFORD EQUITY
GROWTH ALLOCATION
FUND
Class A............ $1,000.00 $1,021.46 $ 3.37
Class B............ $1,000.00 $1,018.18 $ 6.68
Class C............ $1,000.00 $1,018.18 $ 6.68
Class I............ $1,000.00 $1,023.11 $ 1.70
Class R3........... $1,000.00 $1,014.45 $ 3.39
Class R4........... $1,000.00 $1,015.59 $ 2.24
Class R5........... $1,000.00 $1,016.60 $ 1.22
<Caption>
DAYS DAYS
ANNUALIZED IN THE IN THE
EXPENSE CURRENT FULL
RATIO 1/2 YEAR YEAR
---------- -------- ---------
THE HARTFORD BALANCED
INCOME FUND
Class A............ 1.25% 181 365
Class B............ 2.00% 181 365
Class C............ 2.00% 181 365
Class Y............ 0.90% 181 365
THE HARTFORD CAPITAL
APPRECIATION FUND
Class A............ 1.13% 181 365
Class B............ 1.93% 181 365
Class C............ 1.84% 181 365
Class I............ 0.79% 181 365
Class R3........... 1.55% 130 365
Class R4........... 1.24% 130 365
Class R5........... 0.94% 130 365
Class Y............ 0.72% 181 365
THE HARTFORD CAPITAL
APPRECIATION II
FUND
Class A............ 1.45% 181 365
Class B............ 2.30% 181 365
Class C............ 2.17% 181 365
Class I............ 1.10% 181 365
Class R3........... 1.72% 130 365
Class R4........... 1.52% 130 365
Class R5........... 1.25% 130 365
Class Y............ 1.03% 181 365
THE HARTFORD
CONSERVATIVE
ALLOCATION FUND
Class A............ 0.57% 181 365
Class B............ 1.27% 181 365
Class C............ 1.27% 181 365
Class I............ 0.25% 181 365
Class R3........... 1.06% 130 365
Class R4........... 0.74% 130 365
Class R5........... 0.45% 130 365
THE HARTFORD
DISCIPLINED EQUITY
FUND
Class A............ 1.40% 181 365
Class B............ 2.07% 181 365
Class C............ 2.11% 181 365
Class R3........... 1.65% 130 365
Class R4........... 1.35% 130 365
Class R5........... 1.05% 130 365
Class Y............ 0.89% 181 365
THE HARTFORD DIVIDEND
AND GROWTH FUND
Class A............ 1.10% 181 365
Class B............ 1.96% 181 365
Class C............ 1.83% 181 365
Class I............ 0.78% 181 365
Class R3........... 1.50% 130 365
Class R4........... 1.20% 130 365
Class R5........... 0.90% 130 365
Class Y............ 0.69% 181 365
THE HARTFORD EQUITY
GROWTH ALLOCATION
FUND
Class A............ 0.67% 181 365
Class B............ 1.33% 181 365
Class C............ 1.33% 181 365
Class I............ 0.34% 181 365
Class R3........... 0.94% 130 365
Class R4........... 0.62% 130 365
Class R5........... 0.34% 130 365
</Table>
379
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
EXPENSE EXAMPLE -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
ACTUAL RETURN
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD EQUITY
INCOME FUND
Class A............ $1,000.00 $1,102.70 $ 5.86
Class B............ $1,000.00 $1,097.70 $10.21
Class C............ $1,000.00 $1,097.50 $ 9.54
Class I............ $1,000.00 $1,103.70 $ 4.35
Class R3........... $1,000.00 $1,101.20 $ 5.99
Class R4........... $1,000.00 $1,102.00 $ 4.87
Class R5........... $1,000.00 $1,103.60 $ 3.75
Class Y............ $1,000.00 $1,104.40 $ 3.80
THE HARTFORD FLOATING
RATE FUND
Class A............ $1,000.00 $1,037.80 $ 4.72
Class B............ $1,000.00 $1,032.80 $ 8.82
Class C............ $1,000.00 $1,033.20 $ 8.62
Class I............ $1,000.00 $1,039.50 $ 3.43
Class R3........... $1,000.00 $1,036.20 $ 4.58
Class R4........... $1,000.00 $1,037.00 $ 3.54
Class R5........... $1,000.00 $1,038.80 $ 3.09
Class Y............ $1,000.00 $1,038.30 $ 3.29
THE HARTFORD
FUNDAMENTAL GROWTH
FUND
Class A............ $1,000.00 $1,093.50 $ 7.74
Class B............ $1,000.00 $1,090.10 $11.61
Class C............ $1,000.00 $1,089.00 $11.61
Class Y............ $1,000.00 $1,095.40 $ 5.53
THE HARTFORD GLOBAL
COMMUNICATIONS FUND
Class A............ $1,000.00 $1,151.20 $ 8.54
Class B............ $1,000.00 $1,147.30 $12.11
Class C............ $1,000.00 $1,147.80 $12.53
Class Y............ $1,000.00 $1,153.50 $ 6.14
THE HARTFORD GLOBAL
FINANCIAL SERVICES
FUND
Class A............ $1,000.00 $1,088.80 $ 8.28
Class B............ $1,000.00 $1,085.30 $11.44
Class C............ $1,000.00 $1,084.30 $12.15
Class Y............ $1,000.00 $1,091.40 $ 5.85
THE HARTFORD GLOBAL
HEALTH FUND
Class A............ $1,000.00 $1,090.30 $ 7.32
Class B............ $1,000.00 $1,085.50 $11.86
Class C............ $1,000.00 $1,086.10 $11.10
Class I............ $1,000.00 $1,094.30 $ 5.45
Class R3........... $1,000.00 $1,089.40 $ 9.64
Class R4........... $1,000.00 $1,090.50 $ 7.94
Class R5........... $1,000.00 $1,091.60 $ 6.44
Class Y............ $1,000.00 $1,092.80 $ 4.92
THE HARTFORD GLOBAL
LEADERS FUND
Class A............ $1,000.00 $1,093.50 $ 7.68
Class B............ $1,000.00 $1,089.70 $11.16
Class C............ $1,000.00 $1,089.90 $11.22
Class R3........... $1,000.00 $1,093.80 $ 6.42
Class R4........... $1,000.00 $1,094.80 $ 5.27
Class R5........... $1,000.00 $1,095.90 $ 4.19
Class Y............ $1,000.00 $1,096.90 $ 4.67
THE HARTFORD GLOBAL
TECHNOLOGY FUND
Class A............ $1,000.00 $1,077.60 $ 7.30
Class B............ $1,000.00 $1,072.10 $10.24
Class C............ $1,000.00 $1,070.40 $11.77
Class Y............ $1,000.00 $1,079.00 $ 5.64
<Caption>
HYPOTHETICAL (5% RETURN BEFORE EXPENSES)
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD EQUITY
INCOME FUND
Class A............ $1,000.00 $1,019.22 $ 5.63
Class B............ $1,000.00 $1,015.06 $ 9.81
Class C............ $1,000.00 $1,015.69 $ 9.17
Class I............ $1,000.00 $1,020.66 $ 4.18
Class R3........... $1,000.00 $1,012.11 $ 5.74
Class R4........... $1,000.00 $1,013.18 $ 4.66
Class R5........... $1,000.00 $1,014.24 $ 3.59
Class Y............ $1,000.00 $1,021.18 $ 3.65
THE HARTFORD FLOATING
RATE FUND
Class A............ $1,000.00 $1,020.16 $ 4.68
Class B............ $1,000.00 $1,016.11 $ 8.75
Class C............ $1,000.00 $1,016.32 $ 8.55
Class I............ $1,000.00 $1,021.43 $ 3.40
Class R3........... $1,000.00 $1,013.31 $ 4.53
Class R4........... $1,000.00 $1,014.34 $ 3.50
Class R5........... $1,000.00 $1,014.78 $ 3.05
Class Y............ $1,000.00 $1,021.57 $ 3.26
THE HARTFORD
FUNDAMENTAL GROWTH
FUND
Class A............ $1,000.00 $1,017.40 $ 7.46
Class B............ $1,000.00 $1,013.68 $11.19
Class C............ $1,000.00 $1,013.68 $11.19
Class Y............ $1,000.00 $1,019.52 $ 5.33
THE HARTFORD GLOBAL
COMMUNICATIONS FUND
Class A............ $1,000.00 $1,016.86 $ 8.00
Class B............ $1,000.00 $1,013.51 $11.36
Class C............ $1,000.00 $1,013.13 $11.74
Class Y............ $1,000.00 $1,019.09 $ 5.76
THE HARTFORD GLOBAL
FINANCIAL SERVICES
FUND
Class A............ $1,000.00 $1,016.87 $ 7.99
Class B............ $1,000.00 $1,013.82 $11.05
Class C............ $1,000.00 $1,013.14 $11.74
Class Y............ $1,000.00 $1,019.20 $ 5.64
THE HARTFORD GLOBAL
HEALTH FUND
Class A............ $1,000.00 $1,017.79 $ 7.06
Class B............ $1,000.00 $1,013.42 $11.45
Class C............ $1,000.00 $1,014.15 $10.72
Class I............ $1,000.00 $1,019.59 $ 5.25
Class R3........... $1,000.00 $1,015.57 $ 9.30
Class R4........... $1,000.00 $1,017.19 $ 7.67
Class R5........... $1,000.00 $1,018.63 $ 6.22
Class Y............ $1,000.00 $1,020.09 $ 4.75
THE HARTFORD GLOBAL
LEADERS FUND
Class A............ $1,000.00 $1,017.45 $ 7.41
Class B............ $1,000.00 $1,014.12 $10.75
Class C............ $1,000.00 $1,014.05 $10.82
Class R3........... $1,000.00 $1,011.67 $ 6.17
Class R4........... $1,000.00 $1,012.77 $ 5.07
Class R5........... $1,000.00 $1,013.81 $ 4.02
Class Y............ $1,000.00 $1,020.34 $ 4.50
THE HARTFORD GLOBAL
TECHNOLOGY FUND
Class A............ $1,000.00 $1,017.77 $ 7.09
Class B............ $1,000.00 $1,014.91 $ 9.96
Class C............ $1,000.00 $1,013.42 $11.45
Class Y............ $1,000.00 $1,019.37 $ 5.48
<Caption>
DAYS DAYS
ANNUALIZED IN THE IN THE
EXPENSE CURRENT FULL
RATIO 1/2 YEAR YEAR
---------- -------- ---------
THE HARTFORD EQUITY
INCOME FUND
Class A............ 1.12% 181 365
Class B............ 1.96% 181 365
Class C............ 1.84% 181 365
Class I............ 0.83% 181 365
Class R3........... 1.60% 130 365
Class R4........... 1.30% 130 365
Class R5........... 1.00% 130 365
Class Y............ 0.73% 181 365
THE HARTFORD FLOATING
RATE FUND
Class A............ 0.93% 181 365
Class B............ 1.75% 181 365
Class C............ 1.71% 181 365
Class I............ 0.68% 181 365
Class R3........... 1.26% 130 365
Class R4........... 0.97% 130 365
Class R5........... 0.85% 130 365
Class Y............ 0.65% 181 365
THE HARTFORD
FUNDAMENTAL GROWTH
FUND
Class A............ 1.49% 181 365
Class B............ 2.24% 181 365
Class C............ 2.24% 181 365
Class Y............ 1.06% 181 365
THE HARTFORD GLOBAL
COMMUNICATIONS FUND
Class A............ 1.60% 181 365
Class B............ 2.28% 181 365
Class C............ 2.35% 181 365
Class Y............ 1.15% 181 365
THE HARTFORD GLOBAL
FINANCIAL SERVICES
FUND
Class A............ 1.60% 181 365
Class B............ 2.21% 181 365
Class C............ 2.35% 181 365
Class Y............ 1.13% 181 365
THE HARTFORD GLOBAL
HEALTH FUND
Class A............ 1.41% 181 365
Class B............ 2.29% 181 365
Class C............ 2.15% 181 365
Class I............ 1.05% 181 365
Class R3........... 1.86% 181 365
Class R4........... 1.53% 181 365
Class R5........... 1.24% 181 365
Class Y............ 0.95% 181 365
THE HARTFORD GLOBAL
LEADERS FUND
Class A............ 1.48% 181 365
Class B............ 2.15% 181 365
Class C............ 2.17% 181 365
Class R3........... 1.72% 130 365
Class R4........... 1.41% 130 365
Class R5........... 1.12% 130 365
Class Y............ 0.90% 181 365
THE HARTFORD GLOBAL
TECHNOLOGY FUND
Class A............ 1.42% 181 365
Class B............ 1.99% 181 365
Class C............ 2.29% 181 365
Class Y............ 1.09% 181 365
</Table>
380
- --------------------------------------------------------------------------------
<Table>
<Caption>
ACTUAL RETURN
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD GROWTH
ALLOCATION FUND
Class A............ $1,000.00 $1,088.20 $ 3.07
Class B............ $1,000.00 $1,084.30 $ 6.64
Class C............ $1,000.00 $1,083.90 $ 6.62
Class I............ $1,000.00 $1,089.70 $ 1.18
Class R3........... $1,000.00 $1,086.50 $ 3.55
Class R4........... $1,000.00 $1,088.20 $ 2.43
Class R5........... $1,000.00 $1,089.00 $ 1.31
THE HARTFORD GROWTH
FUND
Class A............ $1,000.00 $1,063.10 $ 6.60
Class B............ $1,000.00 $1,059.00 $10.67
Class C............ $1,000.00 $1,059.50 $10.26
Class I............ $1,000.00 $1,064.80 $ 4.80
Class L............ $1,000.00 $1,064.50 $ 5.44
Class R3........... $1,000.00 $1,062.70 $ 5.81
Class R4........... $1,000.00 $1,063.80 $ 4.73
Class R5........... $1,000.00 $1,064.90 $ 3.61
Class Y............ $1,000.00 $1,065.50 $ 4.26
THE HARTFORD GROWTH
OPPORTUNITIES FUND
Class A............ $1,000.00 $1,141.70 $ 6.64
Class B............ $1,000.00 $1,137.40 $11.04
Class C............ $1,000.00 $1,137.40 $10.74
Class I............ $1,000.00 $1,143.50 $ 4.94
Class L............ $1,000.00 $1,143.30 $ 5.55
Class R3........... $1,000.00 $1,141.30 $ 6.18
Class R4........... $1,000.00 $1,142.40 $ 4.97
Class R5........... $1,000.00 $1,143.80 $ 3.84
Class Y............ $1,000.00 $1,144.20 $ 4.33
THE HARTFORD HIGH
YIELD FUND
Class A............ $1,000.00 $1,075.90 $ 5.88
Class B............ $1,000.00 $1,070.70 $ 9.76
Class C............ $1,000.00 $1,072.30 $ 9.37
Class R3........... $1,000.00 $1,076.90 $ 5.18
Class R4........... $1,000.00 $1,078.00 $ 4.01
Class R5........... $1,000.00 $1,078.90 $ 3.15
Class Y............ $1,000.00 $1,078.20 $ 3.35
THE HARTFORD INCOME
ALLOCATION FUND
Class A............ $1,000.00 $1,027.70 $ 2.88
Class B............ $1,000.00 $1,025.20 $ 6.38
Class C............ $1,000.00 $1,024.10 $ 6.38
Class I............ $1,000.00 $1,029.30 $ 1.65
Class R3........... $1,000.00 $1,026.40 $ 3.50
Class R4........... $1,000.00 $1,027.40 $ 2.30
Class R5........... $1,000.00 $1,028.50 $ 1.32
THE HARTFORD INCOME
FUND
Class A............ $1,000.00 $1,033.90 $ 4.81
Class B............ $1,000.00 $1,030.10 $ 8.56
Class C............ $1,000.00 $1,030.20 $ 8.56
Class Y............ $1,000.00 $1,035.40 $ 3.41
THE HARTFORD
INFLATION PLUS FUND
Class A............ $1,000.00 $1,016.60 $ 4.25
Class B............ $1,000.00 $1,013.40 $ 7.99
Class C............ $1,000.00 $1,013.40 $ 7.99
Class I............ $1,000.00 $1,018.90 $ 3.02
Class R3........... $1,000.00 $1,015.90 $ 4.49
Class R4........... $1,000.00 $1,017.30 $ 3.58
Class R5........... $1,000.00 $1,017.70 $ 2.72
Class Y............ $1,000.00 $1,019.00 $ 3.01
<Caption>
HYPOTHETICAL (5% RETURN BEFORE EXPENSES)
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD GROWTH
ALLOCATION FUND
Class A............ $1,000.00 $1,021.86 $ 2.97
Class B............ $1,000.00 $1,018.42 $ 6.43
Class C............ $1,000.00 $1,018.44 $ 6.41
Class I............ $1,000.00 $1,023.67 $ 1.14
Class R3........... $1,000.00 $1,014.40 $ 3.43
Class R4........... $1,000.00 $1,015.48 $ 2.35
Class R5........... $1,000.00 $1,016.55 $ 1.26
THE HARTFORD GROWTH
FUND
Class A............ $1,000.00 $1,018.40 $ 6.46
Class B............ $1,000.00 $1,014.43 $10.44
Class C............ $1,000.00 $1,014.84 $10.03
Class I............ $1,000.00 $1,020.14 $ 4.70
Class L............ $1,000.00 $1,019.52 $ 5.33
Class R3........... $1,000.00 $1,012.18 $ 5.66
Class R4........... $1,000.00 $1,013.22 $ 4.61
Class R5........... $1,000.00 $1,014.31 $ 3.52
Class Y............ $1,000.00 $1,020.67 $ 4.17
THE HARTFORD GROWTH
OPPORTUNITIES FUND
Class A............ $1,000.00 $1,018.59 $ 6.26
Class B............ $1,000.00 $1,014.46 $10.41
Class C............ $1,000.00 $1,014.75 $10.12
Class I............ $1,000.00 $1,020.18 $ 4.66
Class L............ $1,000.00 $1,019.62 $ 5.23
Class R3........... $1,000.00 $1,012.03 $ 5.81
Class R4........... $1,000.00 $1,013.17 $ 4.67
Class R5........... $1,000.00 $1,014.23 $ 3.61
Class Y............ $1,000.00 $1,020.76 $ 4.08
THE HARTFORD HIGH
YIELD FUND
Class A............ $1,000.00 $1,019.13 $ 5.72
Class B............ $1,000.00 $1,015.37 $ 9.50
Class C............ $1,000.00 $1,015.75 $ 9.11
Class R3........... $1,000.00 $1,012.82 $ 5.02
Class R4........... $1,000.00 $1,013.95 $ 3.88
Class R5........... $1,000.00 $1,014.78 $ 3.05
Class Y............ $1,000.00 $1,021.57 $ 3.26
THE HARTFORD INCOME
ALLOCATION FUND
Class A............ $1,000.00 $1,021.95 $ 2.87
Class B............ $1,000.00 $1,018.49 $ 6.36
Class C............ $1,000.00 $1,018.49 $ 6.36
Class I............ $1,000.00 $1,023.17 $ 1.64
Class R3........... $1,000.00 $1,014.35 $ 3.48
Class R4........... $1,000.00 $1,015.54 $ 2.29
Class R5........... $1,000.00 $1,016.51 $ 1.31
THE HARTFORD INCOME
FUND
Class A............ $1,000.00 $1,020.07 $ 4.78
Class B............ $1,000.00 $1,016.36 $ 8.50
Class C............ $1,000.00 $1,016.36 $ 8.50
Class Y............ $1,000.00 $1,021.45 $ 3.38
THE HARTFORD
INFLATION PLUS FUND
Class A............ $1,000.00 $1,020.58 $ 4.26
Class B............ $1,000.00 $1,016.86 $ 8.00
Class C............ $1,000.00 $1,016.86 $ 8.00
Class I............ $1,000.00 $1,021.80 $ 3.03
Class R3........... $1,000.00 $1,013.35 $ 4.48
Class R4........... $1,000.00 $1,014.25 $ 3.58
Class R5........... $1,000.00 $1,015.11 $ 2.72
Class Y............ $1,000.00 $1,021.82 $ 3.01
<Caption>
DAYS DAYS
ANNUALIZED IN THE IN THE
EXPENSE CURRENT FULL
RATIO 1/2 YEAR YEAR
---------- -------- ---------
THE HARTFORD GROWTH
ALLOCATION FUND
Class A............ 0.59% 181 365
Class B............ 1.29% 181 365
Class C............ 1.28% 181 365
Class I............ 0.23% 181 365
Class R3........... 0.96% 130 365
Class R4........... 0.65% 130 365
Class R5........... 0.35% 130 365
THE HARTFORD GROWTH
FUND
Class A............ 1.29% 181 365
Class B............ 2.09% 181 365
Class C............ 2.01% 181 365
Class I............ 0.94% 181 365
Class L............ 1.06% 181 365
Class R3........... 1.58% 130 365
Class R4........... 1.29% 130 365
Class R5........... 0.98% 130 365
Class Y............ 0.83% 181 365
THE HARTFORD GROWTH
OPPORTUNITIES FUND
Class A............ 1.25% 181 365
Class B............ 2.08% 181 365
Class C............ 2.03% 181 365
Class I............ 0.93% 181 365
Class L............ 1.04% 181 365
Class R3........... 1.62% 130 365
Class R4........... 1.30% 130 365
Class R5........... 1.01% 130 365
Class Y............ 0.81% 181 365
THE HARTFORD HIGH
YIELD FUND
Class A............ 1.14% 181 365
Class B............ 1.90% 181 365
Class C............ 1.82% 181 365
Class R3........... 1.40% 130 365
Class R4........... 1.08% 130 365
Class R5........... 0.85% 130 365
Class Y............ 0.65% 181 365
THE HARTFORD INCOME
ALLOCATION FUND
Class A............ 0.57% 181 365
Class B............ 1.27% 181 365
Class C............ 1.27% 181 365
Class I............ 0.33% 181 365
Class R3........... 0.97% 130 365
Class R4........... 0.64% 130 365
Class R5........... 0.37% 130 365
THE HARTFORD INCOME
FUND
Class A............ 0.95% 181 365
Class B............ 1.70% 181 365
Class C............ 1.70% 181 365
Class Y............ 0.68% 181 365
THE HARTFORD
INFLATION PLUS FUND
Class A............ 0.85% 181 365
Class B............ 1.60% 181 365
Class C............ 1.60% 181 365
Class I............ 0.60% 181 365
Class R3........... 1.25% 130 365
Class R4........... 1.00% 130 365
Class R5........... 0.76% 130 365
Class Y............ 0.60% 181 365
</Table>
381
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
EXPENSE EXAMPLE -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
ACTUAL RETURN
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD
INTERNATIONAL
CAPITAL
APPRECIATION FUND
Class A............ $1,000.00 $1,131.10 $ 7.92
Class B............ $1,000.00 $1,126.70 $12.12
Class C............ $1,000.00 $1,126.80 $11.64
Class I............ $1,000.00 $1,133.30 $ 6.70
Class R3........... $1,000.00 $1,130.60 $ 7.01
Class R4........... $1,000.00 $1,132.10 $ 5.83
Class R5........... $1,000.00 $1,132.80 $ 4.74
Class Y............ $1,000.00 $1,134.30 $ 5.15
THE HARTFORD
INTERNATIONAL
OPPORTUNITIES FUND
Class A............ $1,000.00 $1,144.40 $ 7.93
Class B............ $1,000.00 $1,140.50 $11.44
Class C............ $1,000.00 $1,140.40 $11.73
Class R3........... $1,000.00 $1,143.90 $ 9.67
Class R4........... $1,000.00 $1,145.20 $ 7.92
Class R5........... $1,000.00 $1,146.40 $ 6.46
Class Y............ $1,000.00 $1,147.70 $ 4.97
THE HARTFORD
INTERNATIONAL SMALL
COMPANY FUND
Class A............ $1,000.00 $1,179.50 $ 8.04
Class B............ $1,000.00 $1,176.10 $11.96
Class C............ $1,000.00 $1,175.80 $11.92
Class Y............ $1,000.00 $1,182.10 $ 5.40
THE HARTFORD LARGECAP
GROWTH FUND
Class A............ $1,000.00 $1,052.30 $ 5.31
Class B............ $1,000.00 $1,049.70 $ 8.48
Class C............ $1,000.00 $1,499.70 $10.35
Class Y............ $1,000.00 $1,054.70 $ 3.61
THE HARTFORD MIDCAP
FUND
Class A............ $1,000.00 $1,150.90 $ 6.62
Class B............ $1,000.00 $1,146.60 $10.71
Class C............ $1,000.00 $1,146.80 $10.27
Class Y............ $1,000.00 $1,153.70 $ 4.29
THE HARTFORD MIDCAP
GROWTH FUND
Class A............ $1,000.00 $1,194.50 $ 3.35
Class B............ $1,000.00 $1,188.90 $ 8.58
Class C............ $1,000.00 $1,188.80 $ 8.56
Class Y............ $1,000.00 $1,196.40 $ 2.08
THE HARTFORD MIDCAP
VALUE FUND
Class A............ $1,000.00 $1,158.60 $ 7.50
Class B............ $1,000.00 $1,154.50 $11.49
Class C............ $1,000.00 $1,155.30 $11.32
Class Y............ $1,000.00 $1,162.30 $ 4.72
THE HARTFORD MONEY
MARKET FUND
Class A............ $1,000.00 $1,022.20 $ 4.77
Class B............ $1,000.00 $1,018.40 $ 8.50
Class C............ $1,000.00 $1,018.30 $ 8.50
Class R3........... $1,000.00 $1,021.70 $ 4.32
Class R4........... $1,000.00 $1,022.80 $ 3.24
Class R5........... $1,000.00 $1,023.90 $ 2.16
Class Y............ $1,000.00 $1,024.20 $ 2.73
THE HARTFORD
RETIREMENT INCOME
FUND
Class A............ $1,000.00 $1,048.30 $ 2.55
Class B............ $1,000.00 $1,045.40 $ 6.35
Class C............ $1,000.00 $1,044.20 $ 6.34
Class R3........... $1,000.00 $1,047.10 $ 3.31
Class R4........... $1,000.00 $1,047.80 $ 2.13
Class R5........... $1,000.00 $1,048.90 $ 1.10
Class Y............ $1,000.00 $1,049.60 $ 1.02
<Caption>
HYPOTHETICAL (5% RETURN BEFORE EXPENSES)
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD
INTERNATIONAL
CAPITAL
APPRECIATION FUND
Class A............ $1,000.00 $1,017.36 $ 7.50
Class B............ $1,000.00 $1,013.40 $11.47
Class C............ $1,000.00 $1,013.85 $11.02
Class I............ $1,000.00 $1,018.51 $ 6.34
Class R3........... $1,000.00 $1,011.23 $ 6.62
Class R4........... $1,000.00 $1,012.34 $ 5.50
Class R5........... $1,000.00 $1,013.36 $ 4.48
Class Y............ $1,000.00 $1,019.97 $ 4.88
THE HARTFORD
INTERNATIONAL
OPPORTUNITIES FUND
Class A............ $1,000.00 $1,017.40 $ 7.46
Class B............ $1,000.00 $1,014.11 $10.76
Class C............ $1,000.00 $1,013.83 $11.04
Class R3........... $1,000.00 $1,015.77 $ 9.09
Class R4........... $1,000.00 $1,017.41 $ 7.45
Class R5........... $1,000.00 $1,018.78 $ 6.07
Class Y............ $1,000.00 $1,020.17 $ 4.68
THE HARTFORD
INTERNATIONAL SMALL
COMPANY FUND
Class A............ $1,000.00 $1,017.42 $ 7.44
Class B............ $1,000.00 $1,013.80 $11.07
Class C............ $1,000.00 $1,013.84 $11.03
Class Y............ $1,000.00 $1,019.85 $ 4.99
THE HARTFORD LARGECAP
GROWTH FUND
Class A............ $1,000.00 $1,015.51 $ 5.21
Class B............ $1,000.00 $1,012.41 $ 8.33
Class C............ $1,000.00 $1,012.40 $ 8.34
Class Y............ $1,000.00 $1,017.17 $ 3.55
THE HARTFORD MIDCAP
FUND
Class A............ $1,000.00 $1,018.64 $ 6.21
Class B............ $1,000.00 $1,014.82 $10.05
Class C............ $1,000.00 $1,015.23 $ 9.64
Class Y............ $1,000.00 $1,020.81 $ 4.03
THE HARTFORD MIDCAP
GROWTH FUND
Class A............ $1,000.00 $1,021.74 $ 3.09
Class B............ $1,000.00 $1,016.95 $ 7.91
Class C............ $1,000.00 $1,016.98 $ 7.88
Class Y............ $1,000.00 $1,022.90 $ 1.91
THE HARTFORD MIDCAP
VALUE FUND
Class A............ $1,000.00 $1,017.85 $ 7.01
Class B............ $1,000.00 $1,014.13 $10.74
Class C............ $1,000.00 $1,014.29 $10.58
Class Y............ $1,000.00 $1,020.43 $ 4.41
THE HARTFORD MONEY
MARKET FUND
Class A............ $1,000.00 $1,020.08 $ 4.76
Class B............ $1,000.00 $1,016.37 $ 8.49
Class C............ $1,000.00 $1,016.37 $ 8.49
Class R3........... $1,000.00 $1,013.54 $ 4.30
Class R4........... $1,000.00 $1,014.60 $ 3.23
Class R5........... $1,000.00 $1,015.67 $ 2.15
Class Y............ $1,000.00 $1,022.10 $ 2.73
THE HARTFORD
RETIREMENT INCOME
FUND
Class A............ $1,000.00 $1,022.30 $ 2.52
Class B............ $1,000.00 $1,018.59 $ 6.26
Class C............ $1,000.00 $1,018.59 $ 6.26
Class R3........... $1,000.00 $1,014.58 $ 3.25
Class R4........... $1,000.00 $1,015.73 $ 2.10
Class R5........... $1,000.00 $1,016.73 $ 1.09
Class Y............ $1,000.00 $1,023.80 $ 1.00
<Caption>
DAYS DAYS
ANNUALIZED IN THE IN THE
EXPENSE CURRENT FULL
RATIO 1/2 YEAR YEAR
---------- -------- ---------
THE HARTFORD
INTERNATIONAL
CAPITAL
APPRECIATION FUND
Class A............ 1.50% 181 365
Class B............ 2.30% 181 365
Class C............ 2.21% 181 365
Class I............ 1.27% 181 365
Class R3........... 1.85% 130 365
Class R4........... 1.54% 130 365
Class R5........... 1.25% 130 365
Class Y............ 0.97% 181 365
THE HARTFORD
INTERNATIONAL
OPPORTUNITIES FUND
Class A............ 1.49% 181 365
Class B............ 2.16% 181 365
Class C............ 2.21% 181 365
Class R3........... 1.82% 181 365
Class R4........... 1.49% 181 365
Class R5........... 1.21% 181 365
Class Y............ 0.93% 181 365
THE HARTFORD
INTERNATIONAL SMALL
COMPANY FUND
Class A............ 1.49% 181 365
Class B............ 2.22% 181 365
Class C............ 2.21% 181 365
Class Y............ 1.00% 181 365
THE HARTFORD LARGECAP
GROWTH FUND
Class A............ 1.25% 151 365
Class B............ 2.00% 151 365
Class C............ 2.00% 151 365
Class Y............ 0.85% 151 365
THE HARTFORD MIDCAP
FUND
Class A............ 1.24% 181 365
Class B............ 2.01% 181 365
Class C............ 1.93% 181 365
Class Y............ 0.80% 181 365
THE HARTFORD MIDCAP
GROWTH FUND
Class A............ 0.62% 181 365
Class B............ 1.58% 181 365
Class C............ 1.58% 181 365
Class Y............ 0.38% 181 365
THE HARTFORD MIDCAP
VALUE FUND
Class A............ 1.40% 181 365
Class B............ 2.15% 181 365
Class C............ 2.12% 181 365
Class Y............ 0.88% 181 365
THE HARTFORD MONEY
MARKET FUND
Class A............ 0.95% 181 365
Class B............ 1.70% 181 365
Class C............ 1.70% 181 365
Class R3........... 1.20% 130 365
Class R4........... 0.90% 130 365
Class R5........... 0.60% 130 365
Class Y............ 0.54% 181 365
THE HARTFORD
RETIREMENT INCOME
FUND
Class A............ 0.50% 181 365
Class B............ 1.25% 181 365
Class C............ 1.25% 181 365
Class R3........... 0.91% 130 365
Class R4........... 0.58% 130 365
Class R5........... 0.30% 130 365
Class Y............ 0.20% 181 365
</Table>
382
- --------------------------------------------------------------------------------
<Table>
<Caption>
ACTUAL RETURN
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD SELECT
MIDCAP GROWTH FUND
Class A............ $1,000.00 $1,124.90 $ 7.31
Class B............ $1,000.00 $1,121.80 $10.49
Class C............ $1,000.00 $1,120.10 $11.21
Class Y............ $1,000.00 $1,126.80 $ 5.43
THE HARTFORD SELECT
MIDCAP VALUE FUND
Class A............ $1,000.00 $1,124.00 $ 7.19
Class B............ $1,000.00 $1,120.30 $10.83
Class C............ $1,000.00 $1,120.30 $11.06
Class Y............ $1,000.00 $1,126.60 $ 5.19
THE HARTFORD SELECT
SMALLCAP VALUE FUND
Class A............ $1,000.00 $1,083.30 $ 6.99
Class B............ $1,000.00 $1,078.90 $11.58
Class C............ $1,000.00 $1,079.80 $11.37
Class Y............ $1,000.00 $1,084.60 $ 5.63
THE HARTFORD SHORT
DURATION FUND
Class A............ $1,000.00 $1,023.20 $ 4.52
Class B............ $1,000.00 $1,018.30 $ 8.26
Class C............ $1,000.00 $1,018.30 $ 8.26
Class Y............ $1,000.00 $1,024.60 $ 3.22
THE HARTFORD SMALL
COMPANY FUND
Class A............ $1,000.00 $1,133.50 $ 7.41
Class B............ $1,000.00 $1,129.30 $11.11
Class C............ $1,000.00 $1,128.60 $11.36
Class I............ $1,000.00 $1,135.40 $ 5.56
Class R3........... $1,000.00 $1,132.80 $ 6.27
Class R4........... $1,000.00 $1,133.80 $ 5.07
Class R5........... $1,000.00 $1,135.20 $ 3.98
Class Y............ $1,000.00 $1,135.70 $ 4.76
THE HARTFORD SMALLCAP
GROWTH FUND
Class A............ $1,000.00 $1,074.10 $ 6.33
Class B............ $1,000.00 $1,070.10 $10.27
Class C............ $1,000.00 $1,069.50 $11.03
Class I............ $1,000.00 $1,075.00 $ 5.31
Class L............ $1,000.00 $1,074.70 $ 5.85
Class R3........... $1,000.00 $1,072.90 $ 6.09
Class R4........... $1,000.00 $1,074.20 $ 4.99
Class R5........... $1,000.00 $1,075.10 $ 3.88
Class Y............ $1,000.00 $1,075.40 $ 4.55
THE HARTFORD STOCK
FUND
Class A............ $1,000.00 $1,096.10 $ 6.65
Class B............ $1,000.00 $1,091.90 $11.07
Class C............ $1,000.00 $1,092.80 $10.38
Class R3........... $1,000.00 $1,096.40 $ 5.66
Class R4........... $1,000.00 $1,097.80 $ 4.53
Class R5........... $1,000.00 $1,098.70 $ 3.47
Class Y............ $1,000.00 $1,099.10 $ 4.01
THE HARTFORD TAX-FREE
CALIFORNIA FUND
Class A............ $1,000.00 $1,017.50 $ 4.25
Class B............ $1,000.00 $1,013.80 $ 7.99
Class C............ $1,000.00 $1,013.70 $ 8.00
THE HARTFORD TARGET
RETIREMENT 2010
FUND
Class A............ $1,000.00 $1,064.50 $ 2.56
Class B............ $1,000.00 $1,060.50 $ 6.39
Class C............ $1,000.00 $1,060.00 $ 6.36
Class R3........... $1,000.00 $1,063.80 $ 3.32
Class R4........... $1,000.00 $1,064.50 $ 2.11
Class R5........... $1,000.00 $1,066.40 $ 1.09
Class Y............ $1,000.00 $1,065.60 $ 0.99
<Caption>
HYPOTHETICAL (5% RETURN BEFORE EXPENSES)
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD SELECT
MIDCAP GROWTH FUND
Class A............ $1,000.00 $1,017.92 $ 6.94
Class B............ $1,000.00 $1,014.91 $ 9.96
Class C............ $1,000.00 $1,014.22 $10.65
Class Y............ $1,000.00 $1,019.69 $ 5.16
THE HARTFORD SELECT
MIDCAP VALUE FUND
Class A............ $1,000.00 $1,018.02 $ 6.83
Class B............ $1,000.00 $1,014.58 $10.29
Class C............ $1,000.00 $1,014.36 $10.51
Class Y............ $1,000.00 $1,019.92 $ 4.93
THE HARTFORD SELECT
SMALLCAP VALUE FUND
Class A............ $1,000.00 $1,018.09 $ 6.77
Class B............ $1,000.00 $1,013.66 $11.21
Class C............ $1,000.00 $1,013.86 $11.01
Class Y............ $1,000.00 $1,019.40 $ 5.45
THE HARTFORD SHORT
DURATION FUND
Class A............ $1,000.00 $1,020.33 $ 4.51
Class B............ $1,000.00 $1,016.61 $ 8.25
Class C............ $1,000.00 $1,016.61 $ 8.25
Class Y............ $1,000.00 $1,021.61 $ 3.22
THE HARTFORD SMALL
COMPANY FUND
Class A............ $1,000.00 $1,017.85 $ 7.01
Class B............ $1,000.00 $1,014.36 $10.51
Class C............ $1,000.00 $1,014.12 $10.75
Class I............ $1,000.00 $1,019.59 $ 5.25
Class R3........... $1,000.00 $1,011.92 $ 5.92
Class R4........... $1,000.00 $1,013.05 $ 4.79
Class R5........... $1,000.00 $1,014.08 $ 3.75
Class Y............ $1,000.00 $1,020.33 $ 4.51
THE HARTFORD SMALLCAP
GROWTH FUND
Class A............ $1,000.00 $1,018.69 $ 6.16
Class B............ $1,000.00 $1,014.87 $10.00
Class C............ $1,000.00 $1,014.13 $10.74
Class I............ $1,000.00 $1,019.68 $ 5.17
Class L............ $1,000.00 $1,019.15 $ 5.69
Class R3........... $1,000.00 $1,011.93 $ 5.92
Class R4........... $1,000.00 $1,013.00 $ 4.84
Class R5........... $1,000.00 $1,014.07 $ 3.77
Class Y............ $1,000.00 $1,020.41 $ 4.42
THE HARTFORD STOCK
FUND
Class A............ $1,000.00 $1,018.45 $ 6.41
Class B............ $1,000.00 $1,014.21 $10.66
Class C............ $1,000.00 $1,014.87 $10.00
Class R3........... $1,000.00 $1,012.41 $ 5.43
Class R4........... $1,000.00 $1,013.49 $ 4.35
Class R5........... $1,000.00 $1,014.50 $ 3.33
Class Y............ $1,000.00 $1,020.97 $ 3.86
THE HARTFORD TAX-FREE
CALIFORNIA FUND
Class A............ $1,000.00 $1,020.58 $ 4.26
Class B............ $1,000.00 $1,016.86 $ 8.00
Class C............ $1,000.00 $1,016.85 $ 8.02
THE HARTFORD TARGET
RETIREMENT 2010
FUND
Class A............ $1,000.00 $1,022.32 $ 2.50
Class B............ $1,000.00 $1,018.59 $ 6.26
Class C............ $1,000.00 $1,018.62 $ 6.23
Class R3........... $1,000.00 $1,014.60 $ 3.24
Class R4........... $1,000.00 $1,015.76 $ 2.06
Class R5........... $1,000.00 $1,016.75 $ 1.07
Class Y............ $1,000.00 $1,023.84 $ 0.97
<Caption>
DAYS DAYS
ANNUALIZED IN THE IN THE
EXPENSE CURRENT FULL
RATIO 1/2 YEAR YEAR
---------- -------- ---------
THE HARTFORD SELECT
MIDCAP GROWTH FUND
Class A............ 1.39% 181 365
Class B............ 1.99% 181 365
Class C............ 2.13% 181 365
Class Y............ 1.03% 181 365
THE HARTFORD SELECT
MIDCAP VALUE FUND
Class A............ 1.37% 181 365
Class B............ 2.06% 181 365
Class C............ 2.10% 181 365
Class Y............ 0.98% 181 365
THE HARTFORD SELECT
SMALLCAP VALUE FUND
Class A............ 1.35% 181 365
Class B............ 2.25% 181 365
Class C............ 2.21% 181 365
Class Y............ 1.09% 181 365
THE HARTFORD SHORT
DURATION FUND
Class A............ 0.90% 181 365
Class B............ 1.65% 181 365
Class C............ 1.65% 181 365
Class Y............ 0.64% 181 365
THE HARTFORD SMALL
COMPANY FUND
Class A............ 1.40% 181 365
Class B............ 2.11% 181 365
Class C............ 2.15% 181 365
Class I............ 1.05% 181 365
Class R3........... 1.65% 130 365
Class R4........... 1.33% 130 365
Class R5........... 1.05% 130 365
Class Y............ 0.90% 181 365
THE HARTFORD SMALLCAP
GROWTH FUND
Class A............ 1.23% 181 365
Class B............ 2.00% 181 365
Class C............ 2.15% 181 365
Class I............ 1.03% 181 365
Class L............ 1.14% 181 365
Class R3........... 1.65% 130 365
Class R4........... 1.35% 130 365
Class R5........... 1.05% 130 365
Class Y............ 0.88% 181 365
THE HARTFORD STOCK
FUND
Class A............ 1.28% 181 365
Class B............ 2.13% 181 365
Class C............ 2.00% 181 365
Class R3........... 1.52% 130 365
Class R4........... 1.21% 130 365
Class R5........... 0.93% 130 365
Class Y............ 0.77% 181 365
THE HARTFORD TAX-FREE
CALIFORNIA FUND
Class A............ 0.85% 181 365
Class B............ 1.60% 181 365
Class C............ 1.60% 181 365
THE HARTFORD TARGET
RETIREMENT 2010
FUND
Class A............ 0.50% 181 365
Class B............ 1.25% 181 365
Class C............ 1.24% 181 365
Class R3........... 0.90% 130 365
Class R4........... 0.57% 130 365
Class R5........... 0.30% 130 365
Class Y............ 0.19% 181 365
</Table>
383
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
EXPENSE EXAMPLE -- (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
ACTUAL RETURN
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD TARGET
RETIREMENT 2020
FUND
Class A............ $1,000.00 $1,078.00 $ 2.59
Class B............ $1,000.00 $1,074.30 $ 5.55
Class C............ $1,000.00 $1,073.80 $ 6.42
Class R3........... $1,000.00 $1,076.20 $ 3.34
Class R4........... $1,000.00 $1,077.00 $ 2.13
Class R5........... $1,000.00 $1,078.70 $ 1.11
Class Y............ $1,000.00 $1,079.00 $ 1.01
THE HARTFORD TARGET
RETIREMENT 2030
FUND
Class A............ $1,000.00 $1,089.10 $ 2.64
Class B............ $1,000.00 $1,084.70 $ 6.07
Class C............ $1,000.00 $1,086.00 $ 6.07
Class R3........... $1,000.00 $1,086.40 $ 3.39
Class R4........... $1,000.00 $1,087.50 $ 2.18
Class R5........... $1,000.00 $1,088.60 $ 1.14
Class Y............ $1,000.00 $1,089.60 $ 1.04
THE HARTFORD TAX-FREE
MINNESOTA FUND
Class A............ $1,000.00 $1,012.90 $ 4.24
Class B............ $1,000.00 $1,009.20 $ 7.97
Class C............ $1,000.00 $1,008.70 $ 7.97
Class L............ $1,000.00 $1,012.60 $ 4.49
Class Y............ $1,000.00 $1,012.60 $ 3.59
THE HARTFORD TAX-FREE
NATIONAL FUND
Class A............ $1,000.00 $1,016.00 $ 4.25
Class B............ $1,000.00 $1,012.40 $ 7.99
Class C............ $1,000.00 $1,012.40 $ 7.99
Class L............ $1,000.00 $1,015.80 $ 4.50
Class Y............ $1,000.00 $1,016.70 $ 3.56
THE HARTFORD TAX-FREE
NEW YORK FUND
Class A............ $1,000.00 $1,015.00 $ 4.25
Class B............ $1,000.00 $1,011.30 $ 7.98
Class C............ $1,000.00 $1,011.40 $ 7.98
THE HARTFORD TOTAL
RETURN BOND FUND
Class A............ $1,000.00 $1,028.70 $ 5.03
Class B............ $1,000.00 $1,024.10 $ 8.79
Class C............ $1,000.00 $1,023.90 $ 8.79
Class I............ $1,000.00 $1,030.20 $ 3.42
Class R3........... $1,000.00 $1,027.10 $ 4.51
Class R4........... $1,000.00 $1,028.00 $ 3.61
Class R5........... $1,000.00 $1,028.60 $ 3.07
Class Y............ $1,000.00 $1,030.30 $ 3.06
THE HARTFORD U.S.
GOVERNMENT
SECURITIES FUND
Class A............ $1,000.00 $1,022.60 $ 5.02
Class B............ $1,000.00 $1,020.00 $ 8.62
Class C............ $1,000.00 $1,019.90 $ 8.76
Class L............ $1,000.00 $1,023.00 $ 4.65
Class Y............ $1,000.00 $1,027.00 $ 3.55
THE HARTFORD VALUE
FUND
Class A............ $1,000.00 $1,102.50 $ 6.76
Class B............ $1,000.00 $1,097.60 $11.11
Class C............ $1,000.00 $1,097.60 $10.78
Class R3........... $1,000.00 $1,101.70 $ 6.18
Class R4........... $1,000.00 $1,102.50 $ 5.06
Class R5........... $1,000.00 $1,104.20 $ 3.94
Class Y............ $1,000.00 $1,105.00 $ 4.49
<Caption>
HYPOTHETICAL (5% RETURN BEFORE EXPENSES)
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD TARGET
RETIREMENT 2020
FUND
Class A............ $1,000.00 $1,022.30 $ 2.52
Class B............ $1,000.00 $1,019.44 $ 5.41
Class C............ $1,000.00 $1,018.61 $ 6.25
Class R3........... $1,000.00 $1,014.59 $ 3.24
Class R4........... $1,000.00 $1,015.76 $ 2.07
Class R5........... $1,000.00 $1,016.74 $ 1.08
Class Y............ $1,000.00 $1,023.83 $ 0.98
THE HARTFORD TARGET
RETIREMENT 2030
FUND
Class A............ $1,000.00 $1,022.26 $ 2.56
Class B............ $1,000.00 $1,018.97 $ 5.88
Class C............ $1,000.00 $1,018.97 $ 5.88
Class R3........... $1,000.00 $1,014.56 $ 3.27
Class R4........... $1,000.00 $1,015.72 $ 2.11
Class R5........... $1,000.00 $1,016.72 $ 1.10
Class Y............ $1,000.00 $1,023.80 $ 1.01
THE HARTFORD TAX-FREE
MINNESOTA FUND
Class A............ $1,000.00 $1,020.58 $ 4.26
Class B............ $1,000.00 $1,016.86 $ 8.00
Class C............ $1,000.00 $1,016.86 $ 8.00
Class L............ $1,000.00 $1,020.33 $ 4.51
Class Y............ $1,000.00 $1,021.23 $ 3.61
THE HARTFORD TAX-FREE
NATIONAL FUND
Class A............ $1,000.00 $1,020.58 $ 4.26
Class B............ $1,000.00 $1,016.86 $ 8.00
Class C............ $1,000.00 $1,016.85 $ 8.01
Class L............ $1,000.00 $1,020.33 $ 4.51
Class Y............ $1,000.00 $1,021.26 $ 3.57
THE HARTFORD TAX-FREE
NEW YORK FUND
Class A............ $1,000.00 $1,020.58 $ 4.26
Class B............ $1,000.00 $1,016.86 $ 8.00
Class C............ $1,000.00 $1,016.86 $ 8.00
THE HARTFORD TOTAL
RETURN BOND FUND
Class A............ $1,000.00 $1,019.83 $ 5.01
Class B............ $1,000.00 $1,016.11 $ 8.75
Class C............ $1,000.00 $1,016.11 $ 8.75
Class I............ $1,000.00 $1,021.42 $ 3.41
Class R3........... $1,000.00 $1,013.36 $ 4.48
Class R4........... $1,000.00 $1,014.25 $ 3.59
Class R5........... $1,000.00 $1,014.78 $ 3.05
Class Y............ $1,000.00 $1,021.78 $ 3.05
THE HARTFORD U.S.
GOVERNMENT
SECURITIES FUND
Class A............ $1,000.00 $1,019.84 $ 5.01
Class B............ $1,000.00 $1,016.26 $ 8.60
Class C............ $1,000.00 $1,016.12 $ 8.74
Class L............ $1,000.00 $1,020.20 $ 4.64
Class Y............ $1,000.00 $1,021.29 $ 3.54
THE HARTFORD VALUE
FUND
Class A............ $1,000.00 $1,018.36 $ 6.49
Class B............ $1,000.00 $1,014.20 $10.67
Class C............ $1,000.00 $1,014.52 $10.35
Class R3........... $1,000.00 $1,011.93 $ 5.91
Class R4........... $1,000.00 $1,013.00 $ 4.84
Class R5........... $1,000.00 $1,014.07 $ 3.77
Class Y............ $1,000.00 $1,020.53 $ 4.31
<Caption>
DAYS DAYS
ANNUALIZED IN THE IN THE
EXPENSE CURRENT FULL
RATIO 1/2 YEAR YEAR
---------- -------- ---------
THE HARTFORD TARGET
RETIREMENT 2020
FUND
Class A............ 0.50% 181 365
Class B............ 1.08% 181 365
Class C............ 1.25% 181 365
Class R3........... 0.90% 130 365
Class R4........... 0.58% 130 365
Class R5........... 0.30% 130 365
Class Y............ 0.20% 181 365
THE HARTFORD TARGET
RETIREMENT 2030
FUND
Class A............ 0.51% 181 365
Class B............ 1.17% 181 365
Class C............ 1.17% 181 365
Class R3........... 0.91% 130 365
Class R4........... 0.59% 130 365
Class R5........... 0.31% 130 365
Class Y............ 0.20% 181 365
THE HARTFORD TAX-FREE
MINNESOTA FUND
Class A............ 0.85% 181 365
Class B............ 1.60% 181 365
Class C............ 1.60% 181 365
Class L............ 0.90% 181 365
Class Y............ 0.72% 181 365
THE HARTFORD TAX-FREE
NATIONAL FUND
Class A............ 0.85% 181 365
Class B............ 1.60% 181 365
Class C............ 1.60% 181 365
Class L............ 0.90% 181 365
Class Y............ 0.71% 181 365
THE HARTFORD TAX-FREE
NEW YORK FUND
Class A............ 0.85% 181 365
Class B............ 1.60% 181 365
Class C............ 1.60% 181 365
THE HARTFORD TOTAL
RETURN BOND FUND
Class A............ 1.00% 181 365
Class B............ 1.75% 181 365
Class C............ 1.75% 181 365
Class I............ 0.68% 181 365
Class R3........... 1.25% 130 365
Class R4........... 1.00% 130 365
Class R5........... 0.85% 130 365
Class Y............ 0.61% 181 365
THE HARTFORD U.S.
GOVERNMENT
SECURITIES FUND
Class A............ 1.00% 181 365
Class B............ 1.72% 181 365
Class C............ 1.75% 181 365
Class L............ 0.93% 181 365
Class Y............ 0.71% 181 365
THE HARTFORD VALUE
FUND
Class A............ 1.30% 181 365
Class B............ 2.14% 181 365
Class C............ 2.07% 181 365
Class R3........... 1.65% 130 365
Class R4........... 1.35% 130 365
Class R5........... 1.05% 130 365
Class Y............ 0.86% 181 365
</Table>
384
- --------------------------------------------------------------------------------
<Table>
<Caption>
ACTUAL RETURN
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD VALUE
OPPORTUNITIES FUND
Class A............ $1,000.00 $1,118.90 $ 7.36
Class B............ $1,000.00 $1,114.30 $11.22
Class C............ $1,000.00 $1,114.50 $11.28
Class I............ $1,000.00 $1,120.20 $ 5.88
Class L............ $1,000.00 $1,119.60 $ 6.65
Class R3........... $1,000.00 $1,116.00 $ 6.21
Class R4........... $1,000.00 $1,117.10 $ 5.08
Class R5........... $1,000.00 $1,118.30 $ 3.95
Class Y............ $1,000.00 $1,123.00 $ 4.83
<Caption>
HYPOTHETICAL (5% RETURN BEFORE EXPENSES)
-----------------------------------------------------
EXPENSES PAID
BEGINNING ENDING DURING THE PERIOD
ACCOUNT ACCOUNT OCTOBER 31, 2006
VALUE VALUE THROUGH
OCTOBER 31, 2006 APRIL 30, 2007 APRIL 30, 2007
---------------- -------------- -----------------
THE HARTFORD VALUE
OPPORTUNITIES FUND
Class A............ $1,000.00 $1,017.85 $ 7.01
Class B............ $1,000.00 $1,014.18 $10.69
Class C............ $1,000.00 $1,014.13 $10.74
Class I............ $1,000.00 $1,019.25 $ 5.60
Class L............ $1,000.00 $1,018.52 $ 6.33
Class R3........... $1,000.00 $1,011.94 $ 5.90
Class R4........... $1,000.00 $1,013.01 $ 4.83
Class R5........... $1,000.00 $1,014.08 $ 3.75
Class Y............ $1,000.00 $1,020.24 $ 4.60
<Caption>
DAYS DAYS
ANNUALIZED IN THE IN THE
EXPENSE CURRENT FULL
RATIO 1/2 YEAR YEAR
---------- -------- ---------
THE HARTFORD VALUE
OPPORTUNITIES FUND
Class A............ 1.40% 181 365
Class B............ 2.14% 181 365
Class C............ 2.15% 181 365
Class I............ 1.12% 181 365
Class L............ 1.26% 181 365
Class R3........... 1.65% 130 365
Class R4........... 1.35% 130 365
Class R5........... 1.05% 130 365
Class Y............ 0.92% 181 365
</Table>
385
THE HARTFORD MUTUAL FUNDS, INC. AND THE HARTFORD MUTUAL FUNDS II, INC.
SHAREHOLDER MEETING RESULTS (UNAUDITED)
- --------------------------------------------------------------------------------
THE FOLLOWING PROPOSALS WERE ADDRESSED DURING THE PERIOD. *INDICATES THAT THE
PROPOSAL WAS ADDRESSED AT A SPECIAL MEETING OF SHAREHOLDERS HELD ON DECEMBER 19,
2006. **INDICATES THAT THE PROPOSAL WAS ADDRESSED AT SUBSEQUENT ADJOURNED
SPECIAL MEETING OF SHAREHOLDERS HELD ON JANUARY 16, 2007.
1. PROPOSAL TO APPROVE ARTICLES OF AMENDMENT AND RESTATEMENT OF THE HARTFORD
MUTUAL FUNDS II, INC. ("COMPANY") AND A PLAN OF RECLASSIFICATION WHEREBY
CLASS H SHARES WILL BE RECLASSIFIED AS CLASS L SHARES FOR EACH OF THE
HARTFORD GROWTH FUND, THE HARTFORD GROWTH OPPORTUNITIES FUND, THE HARTFORD
SMALLCAP GROWTH FUND, THE HARTFORD TAX-FREE MINNESOTA FUND, THE HARTFORD
TAX-FREE NATIONAL FUND, THE HARTFORD U.S. GOVERNMENT SECURITIES FUND, AND THE
HARTFORD VALUE OPPORTUNITIES FUND.
<Table>
<Caption>
FOR AGAINST ABSTAIN
----------- ---------- ----------
The Hartford Growth Fund**.................................. 504,926.783 15,159.695 10,663.340
The Hartford Growth Opportunities Fund**.................... 694,482.212 15,951.455 21,966.967
The Hartford SmallCap Growth Fund**......................... 247,547.161 5,168.072 6,506.025
The Hartford Tax-Free Minnesota Fund*....................... 11,140.488 0 0
The Hartford Tax-Free National Fund*........................ 9,338.633 0 4,209.376
The Hartford U.S. Government Securities Fund *.............. 128,260.102 831.772 1,739.818
The Hartford Value Opportunities Fund*...................... 122,341.531 2,535.183 2,325.688
</Table>
2. PROPOSAL TO APPROVE ARTICLES OF AMENDMENT AND RESTATEMENT OF THE COMPANY AND
A PLAN OF RECLASSIFICATION WHEREBY CLASS M SHARES WILL BE RECLASSIFIED AS
CLASS L SHARES FOR EACH OF THE HARTFORD GROWTH FUND, THE HARTFORD GROWTH
OPPORTUNITIES FUND, THE HARTFORD SMALLCAP GROWTH FUND, THE HARTFORD TAX-FREE
MINNESOTA FUND, THE HARTFORD TAX-FREE NATIONAL FUND, THE HARTFORD U.S.
GOVERNMENT SECURITIES FUND, AND THE HARTFORD VALUE OPPORTUNITIES FUND.
<Table>
<Caption>
FOR AGAINST ABSTAIN
----------- --------- ----------
The Hartford Growth Fund*................................... 523,299.616 3,997.021 14,441.125
The Hartford Growth Opportunities Fund*..................... 435,509.854 5,812.211 16,959.477
The Hartford SmallCap Growth Fund**......................... 266,789.849 2,636.655 10,846.767
The Hartford Tax-Free Minnesota Fund*....................... 9,136.019 0 0
The Hartford Tax-Free National Fund*........................ 62,180.973 0 379.300
The Hartford U.S. Government Securities Fund*............... 134,931.814 1,807.708 7,623.805
The Hartford Value Opportunities Fund*...................... 241,948.673 1,195.215 8,554.555
</Table>
3. PROPOSAL TO APPROVE ARTICLES OF AMENDMENT AND RESTATEMENT OF THE COMPANY AND
A PLAN OF RECLASSIFICATION WHEREBY CLASS N SHARES WILL BE RECLASSIFIED AS
CLASS L SHARES FOR EACH OF THE HARTFORD GROWTH FUND, THE HARTFORD GROWTH
OPPORTUNITIES FUND, THE HARTFORD SMALLCAP GROWTH FUND, THE HARTFORD TAX-FREE
MINNESOTA FUND, THE HARTFORD TAX-FREE NATIONAL FUND, THE HARTFORD U.S.
GOVERNMENT SECURITIES FUND, AND THE HARTFORD VALUE OPPORTUNITIES FUND.
<Table>
<Caption>
FOR AGAINST ABSTAIN
----------- --------- ---------
The Hartford Growth Fund*................................... 123,866.930 3,770.679 6,015.313
The Hartford Growth Opportunities Fund*..................... 107,826.429 132.615 5,221.335
The Hartford SmallCap Growth Fund*.......................... 114,644.602 3,680.769 5,962.939
The Hartford Tax-Free Minnesota Fund*....................... 13,283.150 0 0
The Hartford Tax-Free National Fund*........................ 23,564.885 5,426.318 3,779.000
The Hartford U.S. Government Securities Fund*............... 46,321.686 1,157.000 1,353.743
The Hartford Value Opportunities Fund*...................... 71,441.946 183.291 5,205.407
</Table>
4. PROPOSAL TO APPROVE ARTICLES OF AMENDMENT AND RESTATEMENT OF THE COMPANY AND
A PLAN OF RECLASSIFICATION WHEREBY CLASS E SHARES WILL BE RECLASSIFIED AS
CLASS Y SHARES FOR EACH OF THE HARTFORD TAX-FREE MINNESOTA FUND, THE HARTFORD
TAX-FREE NATIONAL FUND, AND THE HARTFORD U.S. GOVERNMENT SECURITIES FUND.
<Table>
<Caption>
FOR AGAINST ABSTAIN
------------- ----------- -----------
The Hartford Tax-Free Minnesota Fund*....................... 1,501,937.780 32,057.751 91,010.980
The Hartford Tax-Free National Fund*........................ 1,340,548.611 41,849.865 32,889.679
The Hartford U.S. Government Securities Fund*............... 5,418,416.220 265,853.045 261,692.052
</Table>
386
- --------------------------------------------------------------------------------
5. PROPOSAL TO APPROVE THE APPROVAL OF THE ARTICLES OF AMENDMENT AND RESTATEMENT
OF THE COMPANY AND A PLAN OF RECLASSIFICATION WHEREBY CLASS Z SHARES OF THE
HARTFORD GROWTH OPPORTUNITIES FUND WILL BE RECLASSIFIED AS CLASS Y SHARES.
<Table>
<Caption>
FOR AGAINST ABSTAIN
----------- ---------- ----------
The Hartford Growth Opportunities Fund*..................... 679,460.063 99,326.340 47,291.005
</Table>
At the meeting held on February 6-7, 2007, the Board of Directors of The
Hartford Mutual Funds, Inc. unanimously approved a proposal to retain Hartford
Investment Management Company ("Hartford Investment Management") as the
sub-adviser to The Hartford Equity Growth Allocation Fund (formerly The Hartford
Aggressive Growth Allocation Fund), The Hartford Growth Allocation Fund, The
Hartford Balanced Allocation Fund, The Hartford Conservative Allocation Fund and
The Hartford Income Allocation Fund (collectively the "Allocation Funds"). The
proposed sub-adviser change must be approved by the shareholders of the
Allocation Funds in order to be effective. If approved by the shareholders, the
Board expects that Hartford Investment Management would assume sub-advisory
responsibilities for the Allocation Funds in the second quarter of 2007 on or
about June 30, 2007.
A special meeting of shareholders of each of the affected Allocation Funds is
scheduled to be held on or about June 26, 2007, for the purpose of seeking
approval of the proposed sub-advisory change.
387
APPROVAL OF AMENDED INVESTMENT SUB-ADVISORY AGREEMENT (UNAUDITED)
At a meeting held on November 1, 2006, the Board of Directors, including each of
the Independent Directors, unanimously voted to approve an amendment to the
investment sub-advisory agreement between Hartford Investment Financial Services
Company ("HIFSCO") and Wellington Management Company LLP ("Wellington")
("Amended Agreement"). The amendment related to the sub-advisory fees HIFSCO
pays Wellington with respect to the Advisers Fund, Capital Appreciation Fund,
Disciplined Equity Fund, Dividend and Growth Fund, Growth Fund, Global Leaders
Fund, Growth Opportunities Fund, International Opportunities Fund, MidCap Fund,
Small Company Fund and Stock Fund (each a "Fund" and collectively, the "Funds").
In considering the approval of the Amended Agreement, the Board took into
account the fact that it had approved the renewal of the investment sub-advisory
agreement between HIFSCO and Wellington at the August 1-2, 2006 Board meeting
with respect to the Funds and other funds sub-advised by Wellington. A
discussion of the basis for the Board's approval of the investment sub-advisory
agreement is available in the Hartford Mutual Funds Annual Report to
shareholders for the fiscal year ended October 31, 2006. Apart from the
sub-advisory fees, the material terms of the investment sub-advisory agreement
did not change. The amendment took effect on January 1, 2007.
In approving the Amended Agreement, the Board reviewed materials provided by
HIFSCO relating to the Amended Agreement. In addition, the Board received an
in-person presentation by personnel of HIFSCO and Wellington concerning the
Amended Agreement. The Board also took into account written responses and
supporting materials provided by HIFSCO and Wellington. The Board further
considered information it received at the Board's meetings on June 20-21, 2006
and August 1-2, 2006. The Board also took into account information provided to
the Board at its meetings throughout the year, including reports on Fund
performance, compliance, shareholder services and the other services provided to
the Funds by HIFSCO and Wellington.
In connection with their consideration of the annual renewal of the investment
sub-advisory agreement, the Independent Directors, advised by independent legal
counsel, engaged two service providers to assist them with evaluating the
investment sub-advisory agreement with respect to each Fund. Lipper,
Inc.("Lipper"), an independent provider of investment company data, was retained
to provide the Board with reports on how the Funds' management and sub-advisory
fees, overall expense ratios and investment performance compared to those of
funds with similar investment objectives in various peer groups. The Independent
Directors also engaged an independent financial services consulting firm
("Consultant") to assist them in evaluating each Fund's management and
sub-advisory fees, overall expense ratios and investment performance. The Board
considered the information provided to them from Lipper and the Consultant in
determining to approve the Amended Agreement.
In determining to approve the Amended Agreement, the Board determined that the
proposed sub-advisory fee structure for each Fund was fair and reasonable and
that the amendment was in the best interests of each Fund and its shareholders.
The Board considered the representations from HIFSCO that shareholders will not
pay increased management fees or other fees as a result of the Amended
Agreement. In determining to approve the Amended Agreement, the Board considered
the following categories of material factors, among others, relating to the
Amended Agreement.
NATURE, EXTENT AND QUALITY OF SERVICES
The Board considered information concerning the nature, extent and quality of
the services provided to the Funds by Wellington. The Board considered, among
other things, the range of services provided by Wellington and Wellington's
organizational structure and regulatory/compliance history. The Board considered
the quality of Wellington's investment personnel, its ability to attract and
retain qualified investment professionals, its investment philosophy and
process, investment research capabilities and resources, performance record,
trade execution capabilities and experience. In addition, the Board considered
the quality of Wellington's communications with the Board and responsiveness to
Board inquiries. The Board concluded that it was satisfied with the nature,
extent and quality of the services provided to the Funds by Wellington.
INVESTMENT PERFORMANCE
The Board considered the investment performance of each Fund. In this regard,
the Board considered the information and materials provided to the Board from
HIFSCO and Lipper comparing each Fund's short-term and long-term and recent
investment performance over various periods of time with appropriate benchmark
indices and with a performance universe of funds selected by Lipper. This
information included performance reports (provided by Lipper) and discussions
with portfolio managers and other representatives of Wellington at Board and
Investment Committee meetings throughout the year. The Board also considered the
analysis provided by the Consultant relating to each Fund's performance track
record. The Board concluded that each Fund's performance over time has been
satisfactory and that it had continued confidence in Wellington's overall
capabilities to provided day-to-day portfolio management to each Fund.
COSTS OF THE SERVICES AND PROFITABILITY
The Board reviewed information regarding HIFSCO's and Wellington's cost to
provide investment management and related services to each Fund and the
profitability to them from managing each Fund. In this regard, the Board noted
that the Amended Agreement increases the sub-advisory fee rate to be paid to
Wellington by HIFSCO and decreases the profitability of HIFSCO on a Fund by Fund
basis. The Board also considered the representation of HIFSCO that the proposed
sub-advisory fees would not impact the level and quality of services HIFSCO
provides to the Funds and their shareholders. The Board concluded that the
profitability realized on the proposed sub-advisory fees on a per Fund basis
were reasonable given that the management fee and related expenses continue to
be in line with comparable peers.
COMPARISON OF FEES AND SERVICES PROVIDED
The Board reviewed the investment sub-advisory fees to be paid by HIFSCO to
Wellington under the Amended Agreement. The Board considered HIFSCO and
Wellington's representations that they had negotiated the proposed sub-advisory
fees at arm's length and Wellington's representations that the fees charged to
HIFSCO were comparable to fees charged by Wellington to similar clients. The
Board concluded that the sub-advisory fees, in conjunction with the information
about quality of services, profitability and other matters discussed supports
the conclusion that the proposed sub-advisory fees are reasonable.
388
APPROVAL OF AMENDED INVESTMENT SUB-ADVISORY AGREEMENT (UNAUDITED) - (CONTINUED)
ECONOMIES OF SCALE
The Board considered the extent to which economies of scale would be realized by
each Fund and whether fee levels reflect these economies of scale for the
benefit of each Fund's shareholders. The Board reviewed the breakpoints in the
proposed sub-advisory fee schedule for each Fund, which reduces fees as Fund
assets grow over time. The Board recognized that Funds with assets beyond the
last breakpoint level continue to benefit from economies of scale, because
additional assets are charged the lowest breakpoint fee, resulting in lower
overall effective management fee rates. The Board concluded that it was
satisfied with the extent to which economies of scale would be shared for the
benefit of each Fund's investors.
* * * *
Based upon its review of these various factors, among others, the Board
concluded that it is in the best interests of each Fund and its shareholders for
the Board to approve the Amended Agreement. In reaching this decision, the Board
did not assign relative weights to the factors discussed above or deem any one
or group of them to be controlling in and of themselves. In connection with
their deliberations, the Independent Directors and the full Board met separately
in executive session, with independent legal counsel, to review the relevant
materials and consider their responsibilities under relevant laws and
regulations.
389
ITEM 2. CODE OF ETHICS.
Not applicable to this semi-annual filing.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Not applicable to this semi-annual filing.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Not applicable to this semi-annual filing.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
Not applicable.
ITEM 6. SCHEDULE OF INVESTMENTS
The Schedule of Investments is included as part of the annual report filed
under Item 1 of this form.
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END
MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT
COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
There have been no material changes to the procedures by which shareholders may
recommend nominees to the registrant's board of directors since registrant last
provided disclosure in response to this requirement.
ITEM 11. CONTROLS AND PROCEDURES.
(a) Based on an evaluation of the Registrant's Disclosure Controls and
Procedures as of a date within 90 days of the filing date of this
report, the
Disclosure Controls and Procedures are effectively designed to ensure
that information required to be disclosed by the Registrant is
recorded, processed, summarized and reported by the date of this
report, including ensuring that information required to be disclosed
in the report is accumulated and communicated to the Registrant's
management, including the Registrant's officers, as appropriate, to
allow timely decisions regarding required disclosure.
(b) There was no change in the Registrant's internal control over
financial reporting that occurred during the Registrant's last fiscal
half year that has materially affected, or is reasonably likely to
materially affect, the registrant's internal control over financial
reporting.
ITEM 12. EXHIBITS.
11(a)(2) Section 302 certifications of the principal executive officer and
principal financial officer of Registrant.
(b) Section 906 certification.
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, INC.
Date: June 19, 2007 By: /s/ David M. Znamierowski
------------------------------------
David M. Znamierowski
Its: President
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
Date: June 19, 2007 By: /s/ David M. Znamierowski
------------------------------------
David M. Znamierowski
Its: President
Date: June 19, 2007 By: /s/ Tamara L. Fagely
------------------------------------
Tamara L. Fagely
Its: Vice President, Controller and
Treasurer
EXHIBIT LIST
99.CERT 11(a)(2) Certifications
(i) Section 302 certification of principal executive
officer
(ii) Section 302 certification of principal financial
officer
99.906CERT 11(b) Section 906 certification of principal executive officer
and principal financial officer