FOR VALIDATION PURPOSES ONLY

Hartford Multifactor International Fund

Schedule of Investments

December 31, 2020 (Unaudited)


Shares or Principal Amount			Market Value^†
Common Stocks - 98.4%
		Australia - 9.0%
	1,623	AGL Energy Ltd.	$	14,981
	796	Ampol Ltd.		17,455
	442	Ansell Ltd.		11,816
	84	ASX Ltd.		4,662
	1,082	Aurizon Holdings Ltd.		3,251
	2,566	AusNet Services		3,478
	368	Australia & New Zealand Banking Group Ltd.		6,458
	715	Bendigo & Adelaide Bank Ltd.		5,151
	555	BHP Group Ltd.		18,134
	1,731	BlueScope Steel Ltd.		23,377
	1,185	Coca-Cola Amatil Ltd.		11,807
	34	Cochlear Ltd.		4,961
	13	Commonwealth Bank of Australia		826
	339	Computershare Ltd.		3,815
	51	CSL Ltd.		11,143
	1,783	Dexus REIT		12,932
	1,675	Fortescue Metals Group Ltd.		30,255
	1,831	GPT Group REIT		6,369
	416	Insurance Australia Group Ltd.		1,510
	362	JB Hi-Fi Ltd.		13,591
	1,697	Medibank Pvt Ltd.		3,930
	295	Mineral Resources Ltd.		8,529
	1,943	Mirvac Group REIT		3,946
	68	Ramsay Health Care Ltd.		3,267
	487	Sonic Healthcare Ltd.		12,066
	190	Suncorp Group Ltd.		1,430
	4,341	Telstra Corp. Ltd.		9,970
	123	Washington H Soul Pattinson & Co., Ltd.		2,861
	649	Wesfarmers Ltd.		25,225
	659	Woolworths Group Ltd.		19,975

				297,171

		Austria - 0.3%
	105	Andritz AG		4,813
	7	Mayr Melnhof Karton AG		1,411
	76	Oesterreichische Post AG⁽¹⁾		2,659
	192	UNIQA Insurance Group AG		1,508
	37	Vienna Insurance Group AG Wiener Versicherung Gruppe		940

				11,331


		Belgium - 1.6%
	17	Ackermans & van Haaren N.V.		2,553
	251	Ageas S.A.		13,330
	10	Cofinimmo S.A. REIT		1,488
	151	Etablissements Franz Colruyt N.V.		8,941
	11	Financiere de Tubize S.A.		1,115
	40	Groupe Bruxelles Lambert S.A.		4,032
	458	Proximus S.A.		9,047
	22	Sofina S.A.		7,442
	40	UCB S.A.		4,132

				52,080

		Canada - 10.6%
	164	Algonquin Power & Utilities Corp.		2,699
	392	Alimentation Couche-Tard, Inc. Class B		13,359
	219	Atco Ltd. Class I		6,278
	150	Bank of Montreal		11,405
	35	Bank of Nova Scotia		1,892
	206	Barrick Gold Corp.		4,693
	427	BCE, Inc.		18,259
	200	Cameco Corp.		2,679
	255	Canadian Apartment Properties REIT		10,014
	29	Canadian Imperial Bank of Commerce		2,477
	18	Canadian National Railway Co.		1,979

Hartford Multifactor International Fund

Schedule of Investments – (continued)

December 31, 2020 (Unaudited)


Shares or Principal Amount			Market Value^†
	10	Canadian Tire Corp. Ltd. Class A		$	1,315
	157	Canadian Utilities Ltd. Class A			3,835
	224	CGI, Inc.^*			17,772
	4	Constellation Software, Inc.			5,194
	151	Emera, Inc.			6,418
	383	Empire Co., Ltd. Class A			10,468
	100	Enghouse Systems Ltd.			4,843
	112	Fortis, Inc.			4,575
	149	George Weston Ltd.			11,130
	437	Great-West Lifeco, Inc.			10,419
	294	Hydro One Ltd.⁽²⁾			6,617
	160	iA Financial Corp., Inc.			6,936
	58	IGM Financial, Inc.			1,572
	39	Intact Financial Corp.			4,618
	1,813	Kinross Gold Corp.			13,303
	431	Loblaw Cos., Ltd.			21,267
	31	Magna International, Inc.			2,195
	318	Manulife Financial Corp.			5,658
	332	Metro, Inc.			14,815
	48	National Bank of Canada			2,701
	200	Northland Power, Inc.			7,176
	248	Open Text Corp.			11,269
	16	Parkland Corp.			508
	373	Power Corp. of Canada⁽¹⁾			8,565
	290	Quebecor, Inc. Class B			7,464
	210	Rogers Communications, Inc. Class B			9,777
	228	Royal Bank of Canada			18,734
	126	Saputo, Inc.			3,527
	151	Shaw Communications, Inc. Class B			2,650
	169	Stantec, Inc.			5,481
	279	Sun Life Financial, Inc.			12,406
	100	TC Energy Corp.			4,065
	732	TELUS Corp.			14,497
	7	Topicus.com, Inc.^*(3)(4)			216
	91	Toromont Industries Ltd.			6,377
	100	Toronto-Dominion Bank			5,650

					349,747

		China - 0.3%
	1,000	Kerry Logistics Network Ltd.			2,195
	11,800	Yangzijiang Shipbuilding Holdings Ltd.			8,530

					10,725

		Denmark - 2.4%
	11	Carlsberg A/S Class B			1,763
	108	Coloplast A/S Class B			16,516
	8	GN Store Nord A/S			638
	305	H. Lundbeck A/S			10,441
	342	Novo Nordisk A/S Class B			23,858
	21	Novozymes A/S Class B			1,196
	108	Pandora A/S			12,087
	7	Rockwool International A/S Class B			2,620
	20	SimCorp A/S			2,974
	43	Topdanmark A/S			1,867
	140	Tryg A/S			4,403

					78,363

		Finland - 1.1%
	128	Elisa Oyj			7,017
	458	Kesko Oyj Class B			11,755
	101	Kone Oyj Class B			8,230
	104	Metsa Board Oyj			1,095
	43	Nokian Renkaat Oyj			1,515
	134	Orion Oyj Class B			6,155
	16	TietoEVRY Oyj			526

Hartford Multifactor International Fund

Schedule of Investments – (continued)

December 31, 2020 (Unaudited)


Shares or Principal Amount			Market Value^†
	38	Valmet Oyj		$	1,093

					37,386

		France - 5.8%
	21	Air Liquide S.A.			3,443
	113	Alstom S.A.^*			6,436
	34	Arkema S.A.			3,890
	74	AXA S.A.			1,775
	87	BioMerieux			12,245
	526	Bouygues S.A.			21,633
	164	Carrefour S.A.			2,809
	140	Cie Generale des Etablissements Michelin SCA			18,026
	102	Danone S.A.			6,712
	5	Dassault Aviation S.A.^*			5,445
	80	Eiffage S.A.^*			7,733
	77	Iliad S.A.			15,805
	51	Korian S.A.^*			1,952
	15	L’Oreal S.A.			5,723
	7	Legrand S.A.			626
	1,013	Orange S.A.			12,060
	843	Peugeot S.A.^*			23,086
	148	Rubis SCA			6,842
	154	Sanofi			14,926
	10	Sartorius Stedim Biotech			3,558
	25	SEB S.A.			4,546
	76	Societe BIC S.A.			4,299
	7	Sodexo S.A.			592
	330	Suez			6,540
	13	Total S.A.			561
	23	Veolia Environnement S.A.			567

					191,830

		Germany - 4.9%
	10	adidas AG^*			3,638
	38	Allianz SE			9,336
	391	Alstria Office AG REIT			7,114
	64	Bayer AG			3,770
	26	Beiersdorf AG			2,989
	37	Brenntag AG			2,877
	139	Covestro AG⁽²⁾			8,564
	128	Deutsche Lufthansa AG^*			1,694
	41	Deutsche Post AG			2,031
	782	Deutsche Telekom AG			14,273
	217	Deutsche Wohnen SE			11,578
	120	Fresenius Medical Care AG & Co. KGaA			10,006
	98	Fresenius SE & Co. KGaA			4,532
	32	Gerresheimer AG			3,451
	17	Hannover Rueck SE			2,709
	30	LEG Immobilien AG			4,654
	161	Merck KGaA			27,614
	22	Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen			6,537
	11	SAP SE			1,425
	142	Software AG			5,784
	93	TAG Immobilien AG^*			2,968
	40	Talanx AG^*			1,555
	3,743	Telefonica Deutschland Holding AG			10,309
	311	Uniper SE			10,776
	10	United Internet AG			421
	17	Vonovia SE			1,242

					161,847

		Hong Kong - 4.9%
	1,500	BOC Hong Kong Holdings Ltd.			4,547
	2,000	Cathay Pacific Airways Ltd.^*			1,852
	3,000	Champion REIT			1,753
	1,800	Chow Tai Fook Jewellery Group Ltd.			2,263

Hartford Multifactor International Fund

Schedule of Investments – (continued)

December 31, 2020 (Unaudited)


Shares or Principal Amount			Market Value^†
	1,500	CK Asset Holdings Ltd.		$	7,675
	1,000	CK Hutchison Holdings Ltd.			6,982
	500	CLP Holdings Ltd.			4,623
	900	Dairy Farm International Holdings Ltd.			3,757
	1,000	Hang Lung Group Ltd.			2,486
	3,000	Hang Lung Properties Ltd.			7,906
	900	Hang Seng Bank Ltd.			15,532
	2,000	Henderson Land Development Co., Ltd.			7,769
	100	Hongkong Land Holdings Ltd.			413
	1,000	Hysan Development Co., Ltd.			3,663
	200	Jardine Matheson Holdings Ltd.			11,188
	100	Jardine Strategic Holdings Ltd.			2,488
	1,500	Kerry Properties Ltd.			3,794
	1,000	New World Development Co., Ltd.			4,652
	2,000	NWS Holdings Ltd.			1,858
	648	Pacific Century Premium Developments Ltd.^*			68
	7,623	PCCW Ltd.			4,591
	500	Power Assets Holdings Ltd.			2,708
	4,000	Sino Land Co., Ltd.			5,205
	2,000	SITC International Holdings Co., Ltd.			4,319
	1,000	Sun Hung Kai Properties Ltd.			12,789
	1,000	Swire Pacific Ltd. Class A			5,508
	2,800	Swire Properties Ltd.			8,141
	12,000	WH Group Ltd.⁽²⁾			10,063
	2,000	Xinyi Glass Holdings Ltd.			5,594
	3,000	Yue Yuen Industrial Holdings Ltd.			6,249

					160,436

		Ireland - 0.5%
	52	ICON plc^*			10,139
	32	Kerry Group plc Class A			4,648

					14,787

		Israel - 1.4%
	60	Bank Hapoalim BM^*			412
	1,223	Bank Leumi Le-Israel BM			7,219
	3,173	Bezeq The Israeli Telecommunication Corp. Ltd.^*			3,154
	117	Check Point Software Technologies Ltd.^*			15,550
	146	First International Bank of Israel Ltd.			3,880
	1	Isracard Ltd.			3
	1,478	Israel Chemicals Ltd.			7,545
	93	Strauss Group Ltd.			2,790
	26	Taro Pharmaceutical Industries Ltd.^*			1,909
	159	Tower Semiconductor Ltd.^*			4,133

					46,595

		Italy - 3.5%
	2,324	A2A S.p.A.			3,725
	498	Assicurazioni Generali S.p.A.			8,719
	101	De’ Longhi S.p.A.			3,181
	54	DiaSorin S.p.A.			11,275
	550	Enav S.p.A.⁽²⁾			2,420
	1,138	Enel S.p.A.			11,579
	581	Eni S.p.A.			6,065
	542	Freni Brembo S.p.A.^*			7,186
	1,459	Hera S.p.A.			5,309
	14	Interpump Group S.p.A.			693
	1,021	Iren S.p.A.			2,665
	577	Italgas S.p.A.			3,675
	224	Prysmian S.p.A.			7,973
	313	Recordati S.p.A.			17,406
	420	Snam S.p.A.			2,372
	852	Terna Rete Elettrica Nazionale S.p.A.			6,547
	1,394	Unipol Gruppo S.p.A.^*			6,699

Hartford Multifactor International Fund

Schedule of Investments – (continued)

December 31, 2020 (Unaudited)


Shares or Principal Amount			Market Value^†
	2,333	UnipolSai Assicurazioni S.p.A.		$	6,186

					113,675

		Japan - 21.1%
	200	ABC-Mart, Inc.			11,120
	200	Aeon Co., Ltd.			6,561
	400	Alfresa Holdings Corp.			7,332
	200	ANA Holdings, Inc.^*			4,419
	100	Aozora Bank Ltd.			1,849
	1,200	Astellas Pharma, Inc.			18,581
	300	Azbil Corp.			16,411
	300	Bic Camera, Inc.			3,334
	500	Bridgestone Corp.			16,398
	500	Brother Industries Ltd.			10,322
	200	Canon Marketing Japan, Inc.			4,571
	500	Canon, Inc.			9,686
	100	Chubu Electric Power Co., Inc.			1,207
	400	Chugoku Electric Power Co., Inc.			4,694
	100	COMSYS Holdings Corp.			3,109
	100	Dai Nippon Printing Co., Ltd.			1,799
	2,100	Daiwa Securities Group, Inc.			9,565
	100	Ezaki Glico Co., Ltd.			4,397
	300	FUJIFILM Holdings Corp.			15,826
	100	Fujitsu Ltd.			14,454
	800	Haseko Corp.			9,182
	100	Hisamitsu Pharmaceutical Co., Inc.			5,944
	200	Hitachi Ltd.			7,894
	400	Honda Motor Co., Ltd.			11,287
	100	Iida Group Holdings Co., Ltd.			2,022
	500	ITOCHU Corp.			14,380
	400	Japan Airlines Co., Ltd.^*			7,714
	600	Japan Post Bank Co., Ltd.			4,932
	500	Japan Post Holdings Co., Ltd.			3,895
	300	Japan Tobacco, Inc.			6,116
	700	K’s Holdings Corp.			9,754
	300	Kajima Corp.			4,025
	100	Kaken Pharmaceutical Co., Ltd.			3,864
	500	KDDI Corp.			14,825
	300	Kewpie Corp.			6,605
	300	Kinden Corp.			4,885
	100	Kyowa Exeo Corp.			2,823
	400	Kyushu Railway Co.			8,629
	200	Lawson, Inc.			9,307
	100	Life Corp.			3,454
	2,200	Mebuki Financial Group, Inc.			4,335
	400	Medipal Holdings Corp.			7,522
	100	MEIJI Holdings Co., Ltd.			7,038
	100	Mitsubishi Corp.			2,465
	200	Mitsubishi Electric Corp.			3,023
	600	Mitsubishi UFJ Lease & Finance Co., Ltd.			2,881
	100	Mitsui & Co., Ltd.			1,833
	200	NEC Corp.			10,742
	200	NEC Networks & System Integration Corp.			3,458
	200	Nihon Kohden Corp.			7,449
	300	Nikon Corp.			1,895
	100	Nippo Corp.			2,740
	600	Nippon Telegraph & Telephone Corp.			15,395
	100	Nomura Research Institute Ltd.			3,577
	400	Obayashi Corp.			3,454
	500	ORIX Corp.			7,692
	500	Osaka Gas Co., Ltd.			10,249
	100	Otsuka Holdings Co., Ltd.			4,285
	100	Pan Pacific International Holdings Corp.			2,310
	800	Panasonic Corp.			9,326
	200	Resona Holdings, Inc.			700

Hartford Multifactor International Fund

Schedule of Investments – (continued)

December 31, 2020 (Unaudited)


Shares or Principal Amount			Market Value^†
	200	Ricoh Co., Ltd.		$	1,315
	100	Rinnai Corp.			11,624
	300	Santen Pharmaceutical Co., Ltd.			4,872
	100	Sawai Pharmaceutical Co., Ltd.			4,538
	100	Secom Co., Ltd.			9,225
	500	Sega Sammy Holdings, Inc.			7,893
	400	Seino Holdings Co., Ltd.			5,645
	200	Sekisui Chemical Co., Ltd.			3,792
	700	Sekisui House Ltd.			14,260
	300	Seven & i Holdings Co., Ltd.			10,623
	100	Shimamura Co., Ltd.			10,508
	700	Shimizu Corp.			5,096
	100	Shionogi & Co., Ltd.			5,467
	200	Ship Healthcare Holdings, Inc.			11,139
	800	Skylark Holdings Co., Ltd.^*			12,396
	100	Sotetsu Holdings, Inc.			2,398
	700	Subaru Corp.			14,006
	100	Sugi Holdings Co., Ltd.			6,680
	600	Sumitomo Electric Industries Ltd.			7,951
	300	Sumitomo Forestry Co., Ltd.			6,276
	800	Sumitomo Rubber Industries Ltd.			6,883
	100	Sundrug Co., Ltd.			3,997
	100	Suntory Beverage & Food Ltd.			3,542
	200	Suzuken Co., Ltd.			7,235
	100	Taisei Corp.			3,450
	400	Teijin Ltd.			7,527
	200	Toho Gas Co., Ltd.			13,250
	300	Tohoku Electric Power Co., Inc.			2,476
	100	Tokio Marine Holdings, Inc.			5,152
	500	Tokyo Gas Co., Ltd.			11,573
	300	Toppan Printing Co., Ltd.			4,236
	100	Toshiba TEC Corp.			3,612
	200	Tosoh Corp.			3,125
	200	Toyota Boshoku Corp.			3,248
	100	TS Tech Co., Ltd.			3,088
	200	Tsumura & Co.			6,015
	1,700	Yamada Denki Co., Ltd.			9,032
	300	Yamaha Motor Co., Ltd.			6,123
	300	Yamazaki Baking Co., Ltd.			5,010
	100	Yaoko Co., Ltd.			6,965
	100	Zensho Holdings Co., Ltd.			2,608

					693,392

		Luxembourg - 0.3%
	18	Eurofins Scientific SE^*			1,509
	140	Grand City Properties S.A.			3,617
	121	RTL Group S.A.^*			5,887

					11,013

		Netherlands - 4.1%
	332	ASR Nederland N.V.			13,284
	764	Koninklijke Ahold Delhaize N.V.			21,553
	85	Koninklijke DSM N.V.			14,618
	1,996	Koninklijke KPN N.V.			6,066
	65	Koninklijke Philips N.V.^*			3,501
	302	Koninklijke Vopak N.V.			15,861
	453	NN Group N.V.			19,583
	308	Randstad N.V.^*			19,938
	228	Signify N.V.^*(2)			9,573
	114	Wolters Kluwer N.V.			9,618

					133,595

		New Zealand - 1.1%
	214	Chorus Ltd.			1,217
	111	Contact Energy Ltd.			714
	212	EBOS Group Ltd.			4,384

Hartford Multifactor International Fund

Schedule of Investments – (continued)

December 31, 2020 (Unaudited)


Shares or Principal Amount			Market Value^†
	601	Fisher & Paykel Healthcare Corp. Ltd. Class C		$	14,273
	569	Fletcher Building Ltd.^*			2,421
	149	Infratil Ltd.			784
	29	Mainfreight Ltd.			1,453
	456	Mercury NZ Ltd.			2,146
	195	Meridian Energy Ltd.			1,044
	2,034	Spark New Zealand Ltd.^*			6,885

					35,321

		Norway - 0.6%
	178	Austevoll Seafood ASA			1,818
	35	Equinor ASA			591
	296	Leroy Seafood Group ASA			2,088
	949	Orkla ASA			9,634
	57	Salmar ASA			3,340
	196	Telenor ASA			3,327

					20,798

		Portugal - 0.6%
	578	Galp Energia SGPS S.A.			6,125
	817	Jeronimo Martins SGPS S.A.			13,733

					19,858

		Russia - 0.5%
	320	Polymetal International plc			7,367
	5,210	VEON Ltd.			7,867

					15,234

		Singapore - 1.8%
	9,100	ComfortDelGro Corp. Ltd.			11,530
	503	DBS Group Holdings Ltd.			9,532
	200	Jardine Cycle & Carriage Ltd.			2,963
	2,400	Mapletree Commercial Trust REIT			3,869
	1,853	Oversea-Chinese Banking Corp. Ltd.			14,121
	400	Singapore Exchange Ltd.			2,810
	1,500	Singapore Technologies Engineering Ltd.			4,341
	400	Singapore Telecommunications Ltd.			702
	600	Venture Corp. Ltd.			8,822

					58,690

		Spain - 1.8%
	45	Acciona S.A.			6,439
	54	Ebro Foods S.A.			1,250
	207	Enagas S.A.			4,554
	16	Grifols S.A.			467
	40	Grupo Catalana Occidente S.A.			1,429
	475	Iberdrola S.A.			6,826
	327	Inmobiliaria Colonial Socimi S.A.			3,229
	4,234	Mapfre S.A.			8,275
	467	Merlin Properties Socimi S.A. REIT			4,453
	96	Naturgy Energy Group S.A.			2,232
	437	Red Electrica Corp. S.A.			8,972
	111	Repsol S.A.^*			1,118
	452	Telefonica S.A.			1,798
	33	Telefonica S.A.			131
	9	Vidrala S.A.			1,043
	85	Viscofan S.A.			6,028
	151	Zardoya Otis S.A.			1,061

					59,305

		Sweden - 3.9%
	273	Axfood AB			6,360
	104	Essity AB Class B			3,351
	34	Getinge AB Class B			796
	191	Holmen AB Class B			9,159
	307	ICA Gruppen AB			15,356
	207	Industrivarden AB Class A^*			6,897

Hartford Multifactor International Fund

Schedule of Investments – (continued)

December 31, 2020 (Unaudited)


Shares or Principal Amount			Market Value^†
	349	Investor AB Class B		$	25,401
	249	Kinnevik AB Class B			12,509
	176	L E Lundbergforetagen AB Class B^*			9,442
	636	Securitas AB Class B			10,261
	287	Skanska AB Class B			7,314
	146	Svenska Handelsbanken AB Class A^*			1,472
	530	Swedbank AB Class A^*			9,296
	31	Swedish Match AB			2,412
	263	Swedish Orphan Biovitrum AB^*			5,293
	1,091	Telia Co., AB			4,506

					129,825

		Switzerland - 7.7%
	217	Adecco Group AG			14,453
	20	Allreal Holding AG			4,592
	10	ALSO Holding AG^*			2,845
	95	Baloise Holding AG			16,879
	92	Banque Cantonale Vaudoise			10,014
	49	BKW AG			5,521
	13	Bucher Industries AG			5,963
	218	Credit Suisse Group AG			2,815
	108	DKSH Holding AG			8,092
	3	EMS-Chemie Holding AG			2,886
	141	Galenica AG⁽²⁾			9,364
	1	Givaudan S.A.			4,231
	98	Kuehne + Nagel International AG			22,238
	95	Logitech International S.A.			9,224
	80	Nestle S.A.			9,457
	109	Novartis AG			10,263
	51	PSP Swiss Property AG			6,794
	64	Roche Holding AG			22,291
	39	SFS Group AG			4,647
	2	SGS S.A.			6,029
	12	Swatch Group AG			3,262
	35	Swiss Life Holding AG			16,326
	116	Swiss Prime Site AG			11,372
	42	Swisscom AG			22,618
	16	Tecan Group AG			7,848
	311	UBS Group AG			4,379
	25	Zurich Insurance Group AG			10,535

					254,938

		United Kingdom - 8.6%
	446	Admiral Group plc			17,636
	136	AstraZeneca plc			13,561
	201	B&M European Value Retail S.A.			1,415
	1,848	BAE Systems plc			12,324
	13	Bellway plc			525
	41	Berkeley Group Holdings plc			2,652
	1,591	BT Group plc			2,868
	222	Close Brothers Group plc			4,187
	61	Dialog Semiconductor plc^*			3,324
	2,891	Direct Line Insurance Group plc			12,644
	217	DS Smith plc^*			1,109
	301	Electrocomponents plc			3,579
	100	Ferguson plc			12,150
	852	GlaxoSmithKline plc			15,590
	254	Halma plc			8,506
	415	Hikma Pharmaceuticals plc			14,264
	1,003	Howden Joinery Group plc^*			9,449
	1,199	HSBC Holdings plc^*			6,193
	738	IG Group Holdings plc			8,669
	89	IMI plc			1,418
	36	Intertek Group plc			2,781
	3,039	J Sainsbury plc			9,341

Hartford Multifactor International Fund

Schedule of Investments – (continued)

December 31, 2020 (Unaudited)


Shares or Principal Amount			Market Value^†
	587	Legal & General Group plc		$	2,139
	305	Mondi plc			7,147
	524	National Grid plc			6,192
	698	Pearson plc			6,406
	126	Pennon Group plc			1,631
	306	RELX plc			7,487
	299	Rio Tinto plc			22,507
	544	Sage Group plc			4,319
	114	Schroders plc			5,198
	321	Segro plc REIT			4,165
	104	Smith & Nephew plc			2,160
	245	Spectris plc			9,436
	29	Spirax-Sarco Engineering plc			4,477
	70	SSE plc			1,434
	1,219	Standard Chartered plc^*			7,741
	699	Tate & Lyle plc			6,441
	1,181	Tesco plc			3,727
	7,424	WM Morrison Supermarkets plc			17,964

					284,756

		Total Common Stocks (cost $2,894,216)		$	3,242,698

Preferred Stocks - 0.2%
		Germany - 0.2%
	97	Fuchs Petrolub SE			5,473

		Total Preferred Stocks (cost $4,545)		$	5,473

Rights - 0.0%
		Spain - 0.0%
	111	Repsol S.A.^*			38

		Total Rights (cost $39)		$	38

		Total Long-Term Investments (cost $2,898,800)		$	3,248,209

Short-Term Investments - 0.4%
		Other Investment Pools & Funds - 0.1%
	1,700	Fidelity Institutional Government Fund, Institutional Class, 0.01%⁽⁵⁾			1,700

		Securities Lending Collateral - 0.3%
	10,581	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.01%⁽⁵⁾			10,581
	419	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%⁽⁵⁾			419

				11,000

		Total Short-Term Investments (cost $12,700)		$	12,700

Hartford Multifactor International Fund

Schedule of Investments – (continued)

December 31, 2020 (Unaudited)


Shares or Principal Amount			Market Value^†
	Total Investments (cost $2,911,500)	99.0%	$	3,260,909
	Other Assets and Liabilities	1.0%		33,074

	Total Net Assets	100.0%	$	3,293,983

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

*	Non-income producing.

(1)	Represents entire or partial securities on loan. See Note 2 in the accompanying Notes to the Schedule of Investments for securities lending information.

(2)

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At December 31, 2020, the aggregate value of these securities was $46,601, representing 1.4% of net assets.

(3)

This security is valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At December 31, 2020, the aggregate fair value of this security was $216, which represented 0.0% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

(4)	Investment valued using significant unobservable inputs.

(5)	Current yield as of period end.

† See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
REIT		Real Estate Investment Trust

Hartford Multifactor International Fund

Schedule of Investments – (continued)

December 31, 2020 (Unaudited)

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2020 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾

Assets
Common Stocks
Australia	$	297,171	$	—	$	297,171	$	—
Austria		11,331		2,351		8,980		—
Belgium		52,080		8,941		43,139		—
Canada		349,747		349,531		—		216
China		10,725		—		10,725		—
Denmark		78,363		—		78,363		—
Finland		37,386		—		37,386		—
France		191,830		3,558		188,272		—
Germany		161,847		5,784		156,063		—
Hong Kong		160,436		2,488		157,948		—
Ireland		14,787		10,139		4,648		—
Israel		46,595		17,459		29,136		—
Italy		113,675		—		113,675		—
Japan		693,392		—		693,392		—
Luxembourg		11,013		1,509		9,504		—
Netherlands		133,595		25,479		108,116		—
New Zealand		35,321		—		35,321		—
Norway		20,798		—		20,798		—
Portugal		19,858		—		19,858		—
Russia		15,234		7,867		7,367		—
Singapore		58,690		—		58,690		—
Spain		59,305		8,321		50,984		—
Sweden		129,825		—		129,825		—
Switzerland		254,938		—		254,938		—
United Kingdom		284,756		—		284,756		—
Preferred Stocks		5,473		—		5,473		—
Rights		38		38		—		—
Short-Term Investments		12,700		12,700		—		—

Total	$	3,260,909	$	456,165	$	2,804,528	$	216

(1) For the period ended December 31, 2020, there were no transfers in and out of Level 3.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for period ended December 31, 2020 is not presented.

Hartford Multifactor Large Cap Value Fund

Schedule of Investments

December 31, 2020 (Unaudited)


Shares or Principal Amount				Market Value^†
	Common Stocks - 96.2%
			Automobiles & Components - 1.0%
		118	BorgWarner, Inc.		$	4,559
		177	Gentex Corp.			6,006

						10,565

			Banks - 4.2%
		240	Bank of America Corp.			7,275
		42	First Republic Bank			6,171
		116	JP Morgan Chase & Co.			14,740
		533	New York Community Bancorp, Inc.			5,623
		45	PNC Financial Services Group, Inc.			6,705
		104	U.S. Bancorp			4,845
		25	Zions Bancorp NA			1,086

						46,445

			Capital Goods - 8.5%
		60	3M Co.			10,488
		99	A.O. Smith Corp.			5,427
		48	Allison Transmission Holdings, Inc.			2,070
		67	Caterpillar, Inc.			12,195
		23	Cummins, Inc.			5,223
		2	Deere & Co.			538
		43	Dover Corp.			5,429
		26	Eaton Corp. plc			3,124
		35	Emerson Electric Co.			2,813
		65	General Dynamics Corp.			9,673
		8	Honeywell International, Inc.			1,702
		26	IDEX Corp.			5,179
		48	Jacobs Engineering Group, Inc.			5,230
		117	Johnson Controls International plc			5,451
		11	Lincoln Electric Holdings, Inc.			1,279
		22	Northrop Grumman Corp.			6,704
		56	PACCAR, Inc.			4,832
		7	Snap-on, Inc.			1,198
		40	Trane Technologies plc			5,806

						94,361

			Commercial & Professional Services - 1.4%
		50	Republic Services, Inc.			4,815
		5	Robert Half International, Inc.			312
		86	Waste Management, Inc.			10,142

						15,269

			Consumer Durables & Apparel - 0.7%
		8	Carter’s, Inc.			753
		28	D.R. Horton, Inc.			1,930
		23	Helen of Troy Ltd.^*			5,110

						7,793

			Consumer Services - 0.4%
		47	Grand Canyon Education, Inc.^*			4,376
		4	Service Corp. International			197

						4,573

			Diversified Financials - 7.0%
		128	Bank of New York Mellon Corp.			5,432
		124	Berkshire Hathaway, Inc. Class B^*			28,752
		16	BlackRock, Inc.			11,545
		12	Cannae Holdings, Inc.^*			531
		43	Cboe Global Markets, Inc.			4,004
		161	Franklin Resources, Inc.			4,023
		17	Goldman Sachs Group, Inc.			4,483
		93	Intercontinental Exchange, Inc.			10,722
		13	Morgan Stanley			891
		33	SEI Investments Co.			1,897

Hartford Multifactor Large Cap Value Fund

Schedule of Investments – (continued)

December 31, 2020 (Unaudited)


Shares or Principal Amount			Market Value^†
	93	Voya Financial, Inc.		$	5,469

					77,749

		Energy - 6.0%
	255	Cabot Oil & Gas Corp.			4,151
	119	Chevron Corp.			10,050
	65	ConocoPhillips			2,599
	899	Exxon Mobil Corp.			37,057
	349	Kinder Morgan, Inc.			4,771
	82	Phillips 66			5,735
	106	Williams Cos., Inc.			2,125

					66,488

		Food & Staples Retailing - 0.8%
	133	Kroger Co.			4,224
	107	Walgreens Boots Alliance, Inc.			4,267

					8,491

		Food, Beverage & Tobacco - 2.8%
	20	Altria Group, Inc.			820
	108	Archer-Daniels-Midland Co.			5,444
	198	Flowers Foods, Inc.			4,481
	95	Hormel Foods Corp.			4,428
	8	Ingredion, Inc.			629
	41	JM Smucker Co.			4,740
	70	Kellogg Co.			4,356
	97	Mondelez International, Inc. Class A			5,672

					30,570

		Health Care Equipment & Services - 5.0%
	48	Baxter International, Inc.			3,851
	8	Becton Dickinson and Co.			2,002
	66	Cerner Corp.			5,180
	164	CVS Health Corp.			11,201
	36	Danaher Corp.			7,997
	39	DaVita, Inc.^*			4,579
	74	Henry Schein, Inc.^*			4,948
	92	Medtronic plc			10,777
	43	Quest Diagnostics, Inc.			5,124

					55,659

		Household & Personal Products - 0.9%
	72	Procter & Gamble Co.			10,018

		Insurance - 8.9%
	132	Aflac, Inc.			5,870
	105	Allstate Corp.			11,543
	46	Arch Capital Group Ltd.^*			1,659
	46	Arthur J Gallagher & Co.			5,691
	24	Assurant, Inc.			3,269
	79	Chubb Ltd.			12,160
	152	CNA Financial Corp.			5,922
	20	Everest Re Group Ltd.			4,682
	79	First American Financial Corp.			4,079
	47	Hanover Insurance Group, Inc.			5,495
	49	Kemper Corp.			3,765
	4	Markel Corp.^*			4,133
	188	MetLife, Inc.			8,827
	22	Principal Financial Group, Inc.			1,091
	26	RenaissanceRe Holdings Ltd.			4,311
	42	Travelers Cos., Inc.			5,895
	23	Willis Towers Watson plc			4,846
	75	WR Berkley Corp.			4,981

					98,219

		Materials - 5.1%
	22	Air Products & Chemicals, Inc.			6,011

Hartford Multifactor Large Cap Value Fund

Schedule of Investments – (continued)

December 31, 2020 (Unaudited)


Shares or Principal Amount			Market Value^†
	40	AptarGroup, Inc.		$	5,476
	58	Ball Corp.			5,404
	15	Ecolab, Inc.			3,245
	333	Graphic Packaging Holding Co.			5,641
	37	Linde plc			9,750
	69	Nucor Corp.			3,670
	28	Packaging Corp. of America			3,862
	38	PPG Industries, Inc.			5,480
	24	Reliance Steel & Aluminum Co.			2,874
	85	Sonoco Products Co.			5,036

					56,449

		Media & Entertainment - 3.8%
	117	Activision Blizzard, Inc.			10,864
	16	Charter Communications, Inc. Class A^*			10,585
	308	Comcast Corp. Class A			16,139
	74	Omnicom Group, Inc.			4,615
	1	Walt Disney Co.^*			181

					42,384

		Pharmaceuticals, Biotechnology & Life Sciences - 7.0%
	48	Agilent Technologies, Inc.			5,688
	9	Bio-Rad Laboratories, Inc. Class A^*			5,246
	24	Biogen, Inc.^*			5,877
	160	Bristol-Myers Squibb Co.			9,925
	45	China Biologic Products Holdings, Inc.^*			5,315
	148	Gilead Sciences, Inc.			8,622
	40	PerkinElmer, Inc.			5,740
	606	Pfizer, Inc.			22,307
	45	United Therapeutics Corp.^*			6,831
	75	Viatris, Inc.^*			1,405

					76,956

		Real Estate - 3.9%
	29	Alexandria Real Estate Equities, Inc. REIT			5,168
	62	Digital Realty Trust, Inc. REIT			8,649
	72	Duke Realty Corp. REIT			2,878
	156	Equity Commonwealth REIT			4,256
	26	Equity Residential REIT			1,541
	16	Essex Property Trust, Inc. REIT			3,799
	5	Life Storage, Inc. REIT			597
	37	Mid-America Apartment Communities, Inc. REIT			4,687
	7	Prologis, Inc. REIT			698
	46	Public Storage REIT			10,623

					42,896

		Retailing - 2.3%
	12	Advance Auto Parts, Inc.			1,890
	182	eBay, Inc.			9,145
	51	Genuine Parts Co.			5,122
	35	Murphy USA, Inc.			4,580
	39	Tiffany & Co.			5,127

					25,864

		Semiconductors & Semiconductor Equipment - 2.5%
	4	Broadcom, Inc.			1,751
	253	Intel Corp.			12,605
	16	Skyworks Solutions, Inc.			2,446
	68	Texas Instruments, Inc.			11,161

					27,963

		Software & Services - 5.5%
	78	Amdocs Ltd.			5,533
	57	Black Knight, Inc.^*			5,036
	34	Broadridge Financial Solutions, Inc.			5,209
	20	CACI International, Inc. Class A^*			4,987
	136	Cognizant Technology Solutions Corp. Class A			11,145

Hartford Multifactor Large Cap Value Fund

Schedule of Investments – (continued)

December 31, 2020 (Unaudited)


Shares or Principal Amount				Market Value^†
		32	Fidelity National Information Services, Inc.		$	4,527
		79	International Business Machines Corp.			9,944
		52	Leidos Holdings, Inc.			5,466
		62	MAXIMUS, Inc.			4,538
		198	Nortonlifelock, Inc.			4,114

						60,499

			Technology Hardware & Equipment - 5.0%
		77	Amphenol Corp. Class A			10,069
		376	Cisco Systems, Inc.			16,826
		37	Dolby Laboratories, Inc. Class A			3,594
		36	F5 Networks, Inc.^*			6,334
		48	Hewlett Packard Enterprise Co.			569
		199	Juniper Networks, Inc.			4,479
		16	NetApp, Inc.			1,060
		101	Seagate Technology plc			6,278
		50	TE Connectivity Ltd.			6,054

						55,263

			Telecommunication Services - 6.4%
		837	AT&T, Inc.			24,072
		80	Liberty Global plc Series C^*			1,892
		84	T-Mobile U.S., Inc.^*			11,327
		569	Verizon Communications, Inc.			33,429

						70,720

			Transportation - 2.6%
		47	CH Robinson Worldwide, Inc.			4,412
		52	Expeditors International of Washington, Inc.			4,946
		77	Knight-Swift Transportation Holdings, Inc.			3,220
		31	Landstar System, Inc.			4,175
		24	Old Dominion Freight Line, Inc.			4,684
		32	Union Pacific Corp.			6,663

						28,100

			Utilities - 4.5%
		62	Alliant Energy Corp.			3,195
		7	Ameren Corp.			546
		67	American Electric Power Co., Inc.			5,579
		23	Atmos Energy Corp.			2,195
		57	CMS Energy Corp.			3,477
		70	Consolidated Edison, Inc.			5,059
		9	DTE Energy Co.			1,093
		64	Duke Energy Corp.			5,860
		20	Entergy Corp.			1,997
		5	Eversource Energy			432
		41	Exelon Corp.			1,731
		43	PPL Corp.			1,213
		49	Public Service Enterprise Group, Inc.			2,857
		79	Southern Co.			4,853
		58	WEC Energy Group, Inc.			5,338
		66	Xcel Energy, Inc.			4,400

						49,825

			Total Common Stocks (cost $968,271)		$	1,063,119

	Short-Term Investments - 0.1%
			Other Investment Pools & Funds - 0.1%
		820	Fidelity Institutional Government Fund, Institutional Class, 0.01%⁽¹⁾			820

			Total Short-Term Investments (cost $820)		$	820

Hartford Multifactor Large Cap Value Fund

Schedule of Investments – (continued)

December 31, 2020 (Unaudited)



Shares or Principal Amount			Market Value^†
	Total Investments (cost $969,091)	96.3%	$	1,063,939
	Other Assets and Liabilities	3.7%		40,702

	Total Net Assets	100.0%	$	1,104,641

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

*	Non-income producing.

(1)	Current yield as of period end.

†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
REIT				Real Estate Investment Trust

Hartford Multifactor Large Cap Value Fund

Schedule of Investments – (continued)

December 31, 2020 (Unaudited)

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2020 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾

Assets
Common Stocks
Automobiles & Components	$	10,565	$	10,565	$	—	$	—
Banks		46,445		46,445		—		—
Capital Goods		94,361		94,361		—		—
Commercial & Professional Services		15,269		15,269		—		—
Consumer Durables & Apparel		7,793		7,793		—		—
Consumer Services		4,573		4,573		—		—
Diversified Financials		77,749		77,749		—		—
Energy		66,488		66,488		—		—
Food & Staples Retailing		8,491		8,491		—		—
Food, Beverage & Tobacco		30,570		30,570		—		—
Health Care Equipment & Services		55,659		55,659		—		—
Household & Personal Products		10,018		10,018		—		—
Insurance		98,219		98,219		—		—
Materials		56,449		56,449		—		—
Media & Entertainment		42,384		42,384		—		—
Pharmaceuticals, Biotechnology & Life Sciences		76,956		76,956		—		—
Real Estate		42,896		42,896		—		—
Retailing		25,864		25,864		—		—
Semiconductors & Semiconductor Equipment		27,963		27,963		—		—
Software & Services		60,499		60,499		—		—
Technology Hardware & Equipment		55,263		55,263		—		—
Telecommunication Services		70,720		70,720		—		—
Transportation		28,100		28,100		—		—
Utilities		49,825		49,825		—		—
Short-Term Investments		820		820		—		—

Total	$	1,063,939	$	1,063,939	$	—	$	—

(1)	For the period ended December 31, 2020, there were no transfers in and out of Level 3.

The Hartford Mutual Funds II, Inc. (the “Company”)

Notes to the Schedules of Investments

1. Investment Valuation and Fair Value Measurements:

For purposes of calculating the net asset value per share (“NAV”) of each class of each Fund, portfolio securities and other assets held in the Fund’s portfolio for which market prices are readily available are valued at market value. Market value is generally determined on the basis of official close price or last reported trade price. If no trades were reported, market value is based on prices obtained from a quotation reporting system, established market makers (including evaluated prices), or independent pricing services. Pricing vendors may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data, credit quality information, general market conditions, news, and other factors and assumptions.

If market prices are not readily available or are deemed unreliable, a Fund will use the fair value of the security or other instrument as determined in good faith under policies and procedures established by and under the supervision of the Board of Directors of the Company (the “Board of Directors”) (“Valuation Procedures”). Market prices are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or broker quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of a Fund’s portfolio holdings or assets. In addition, market prices are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities or other instruments trade do not open for trading for the entire day and no other market prices are available. Fair value pricing is subjective in nature and the use of fair value pricing by a Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio holding is primarily traded. There can be no assurance that a Fund could obtain the fair value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Securities and other instruments that are primarily traded on foreign markets may trade on days that are not business days of the Funds. The value of the foreign securities or other instruments in which a Fund invests may change on days when a shareholder will not be able to purchase, redeem or exchange shares of the Fund.

Fixed income investments (other than short-term obligations) held by a Fund are normally valued at prices supplied by independent pricing services in accordance with the Valuation Procedures. Short-term investments maturing in 60 days or less are generally valued at amortized cost.

Exchange-traded derivatives, such as options, futures and options on futures, are valued at the last sale price determined by the exchange where such instruments principally trade as of the close of such exchange (“Exchange Close”). If a last sale price is not available, the value will be the mean of the most recently quoted bid and ask prices as of the Exchange Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the most recently quoted bid price as of the Exchange Close. Over-the-counter derivatives are normally valued based on prices supplied by independent pricing services in accordance with the Valuation Procedures.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using the prevailing spot currency exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of a Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities or other instruments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Exchange is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of a Fund.

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Investments in open-end mutual funds, if any, are valued at the respective NAV of each open-end mutual fund on the Valuation Date. Shares of investment companies listed and traded on an exchange are valued in the same manner as any exchange-listed equity security. Such open-end mutual funds and listed investment companies may use fair value pricing as disclosed in their prospectuses.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with the Valuation Procedures.

U.S. Generally Accepted Accounting Principles (“U.S. GAAP”) defines fair value as the price that a Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair

value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of each Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable.

These levels are:

•

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

•

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

•

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors has delegated the day-to-day responsibility for implementing the Valuation Procedures to the Valuation Committee. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of such Fund’s sub-adviser(s), as applicable, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Board of Directors.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Fair Value Summary and the Level 3 roll-forward reconciliation, if applicable, which follows each Fund’s Schedule of Investments.

For information regarding a Fund’s other significant accounting policies, please refer to the Fund’s most recent Semi-Annual or Annual Report.

2. Securities Lending:

The Company has entered into a securities lending agency agreement (“lending agreement”) with Citibank, N.A. (“Citibank”). Each Fund may lend portfolio securities to certain borrowers in U.S. and non-U.S. markets in an amount not to exceed one-third (33 1/3%) of the value of its total assets. If a security of a Fund is on loan, under the lending agreement, the borrower is required to deposit cash or liquid securities as collateral at least equal to 100% of the market value of the loaned securities; and cash collateral is invested for the benefit of the Fund by the Fund’s lending agent pursuant to collateral investment guidelines. The collateral is marked to market daily, in an amount at least equal to the current market value of the securities loaned.

Each Fund is subject to certain risks while its securities are on loan, including the following: (i) the risk that the borrower defaults on the loan and the collateral is inadequate to cover the Fund’s loss; (ii) the risk that the earnings on the collateral invested are not sufficient to pay fees incurred in connection with the loan; (iii) the risk that the principal value of the collateral invested may decline; (iv) the risk that the borrower may use the loaned securities to cover a short sale, which may in turn place downward pressure on the market prices of the loaned securities; (v) the risk that return of loaned securities could be delayed and interfere with portfolio management decisions; and (vi) the risk that any efforts to restrict or recall the securities for purposes of voting may not be effective. These events could also trigger adverse tax consequences for a Fund.

Each Fund retains loan fees and the interest on cash collateral investments but are required to pay the borrower a rebate for the use of cash collateral. In cases where the lent security is of high value to borrowers, there may be a

negative rebate (i.e., a net payment from the borrower to a Fund). Upon termination of a loan, each Fund is required to return to the borrower an amount equal to the cash collateral, plus any rebate owed to the borrowers.

The following table presents the market value of the Funds’ securities on loan, net of amounts available for offset under the master netting arrangements and any related collateral received by the Funds as of December 31, 2020.


Fund	Investment Securities on Loan, at market value⁽¹⁾		Collateral Posted by Borrower⁽²⁾			Net Amount⁽³⁾
Multifactor International Fund	$	11,097	$	(11,097	)	$	—
Multifactor Large Cap Value Fund		—		—			—

⁽¹⁾

It is each Fund’s policy to obtain additional collateral from, or return excess collateral to, the borrower by the end of the next business day following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than that required under the lending contract.

⁽²⁾	Collateral received in excess of the market value of securities on loan is not presented in this table.

⁽³⁾	Net amount represents the net amount receivable due from the counterparty in the event of default.

The total cash and non-cash collateral received by each Fund in connection with securities lending transactions is presented below:


Fund	Cash Collateral		Non-Cash Collateral
Multifactor International Fund	$	11,579	$	—
Multifactor Large Cap Value Fund		—		—

3. Secured Borrowings:

The following tables reflect a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of December 31, 2020.

Certain Transfers Accounted For As Secured Borrowings

Remaining Contractual Maturity of the Agreements


Multifactor International Fund	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
Securities Lending Transactions⁽¹⁾
Common Stocks	$	11,579	$	—	$	—	$	—	$	11,579

Total Borrowings	$	11,579	$	—	$	—	$	—	$	11,579

Gross amount of recognized liabilities for securities lending transactions									$	11,579

⁽¹⁾	Amount represents the payable for cash collateral received on securities on loan. This will generally be in the “Overnight and Continuous” column as the securities are typically callable on demand.