Hartford Balanced HLS Fund

30.98NAV (as of 1/17/2020)
+0.07 (+0.23%) NAV Change
Allocation--50% to 70% EquityMorningstar Category
Mixed-Asset Target Alloc Growth FundsLipper Classification

Summary Prospectus

Objective

Seeks long-term total return.

Overview

A balanced fund designed to shift stock and bond allocations opportunistically based on changing market environments.

Effective 12/31/17, this Fund is closed to certain qualified pension and retirement plans. For more information, please refer to the fund’s statutory prospectus.

More About Balanced HLS Fund

Performance (%)
	YTD	1YR	3YR	5YR	10YR	SI
	% (as of 12/31/2019)	Average Annual Total Returns % (as of 12/31/2019)
Hartford Balanced HLS IA	22.80	22.80	10.39	7.40	9.30	8.99
Benchmark	22.20	22.20	10.86	8.34	9.68	---
Morningstar Allocation--50% to 70% Equity Category	18.89	18.89	8.21	5.93	7.39	---

Performance (%)
	YTD	1YR	3YR	5YR	10YR	SI
	% (as of 12/31/2019)	Average Annual Total Returns % (as of 12/31/2019)
Hartford Balanced HLS IA	22.80	22.80	10.39	7.40	9.30	8.99
Benchmark	22.20	22.20	10.86	8.34	9.68	---
Morningstar Allocation--50% to 70% Equity Category	18.89	18.89	8.21	5.93	7.39	---

SI = Since Inception. Fund Inception: 03/31/1983

Operating Expenses: Net 0.63% | Gross 0.66%

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

IA-Share Morningstar Ratings
(as of 12/31/2019)

Overall

:
Overall, 4 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 4 stars, rated against 643, 643, 570 and 420 products, respectively. Morningstar Rating^TM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures. Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2020 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
:
643 Products | Allocation--50% to 70% Equity Category

Based on Risk-Adjusted Returns

Calendar Year Returns (%)
	Fund	Benchmark	Peergroup
2019	22.80	22.20	---
2018	-5.24	-2.41	---
2017	15.59	14.24	---
2016	6.04	8.33	---
2015	0.18	1.13	---
2014	9.79	10.32	---
2013	21.19	17.55	---
2012	12.02	11.32	---
2011	1.86	4.61	---
2010	12.14	11.81	---

Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

CharacteristicsAllocations, exposures and holdings are subject to change. Percentages may be rounded.

Characteristics

Allocations, exposures and holdings are subject to change. Percentages may be rounded.

Statistics
As of Date	12/31/2019
Net Assets	$2.1 billion
% in Equities	68
% in Bonds	30
% in Cash and Cash Equivalents	2
Beta (3 year)	0.68
R Squared (3 year)	0.98
Turnover (12/31/2019)	38%
Dividend Frequency	Annually

Equity Holdings Characteristics
(as of 12/31/2019)
	Fund
# of Equity Holdings	65
Price/Earnings	15.9x
Price/Book	3.3x
EPS Growth Rate	10.2%
Return on Equity	27.1%
Asset Weighted Market Cap (billions)	$239.0
Median Market Cap (billions)	$59.4

Fixed-Income Holdings Characteristics
(as of 12/31/2019)
	Fund
# of Fixed-Income Issuers	233
Effective Duration	6.99 yrs

Equity Sector Exposure (%)

12/31/2019
9/30/2019

(as of 12/31/2019)
label	currentpercentage
Information Technology	20
Health Care	18
Financials	16
Communication Services	12
Industrials	11
Consumer Discretionary	8
Materials	5
Energy	5
Consumer Staples	3
Real Estate	1
Utilities	1

(as of 9/30/2019)
label	currentpercentage
Information Technology	21
Health Care	17
Financials	15
Communication Services	12
Industrials	11
Consumer Discretionary	9
Materials	5
Energy	4
Consumer Staples	4
Real Estate	2
Utilities	1

Based on Global Industry Classification Standard (GICS), which was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. (S&P). Excludes cash. May not total to 100% due to rounding and/or pooled vehicle allocations.

Top 10 Equity Holdings (%)

12/31/2019
9/30/2019

(as of 12/31/2019)
label	percentageholding
Microsoft Corp.	3.88
Alphabet, Inc.	3.34
JP Morgan Chase & Co.	2.12
Facebook, Inc.	1.99
UnitedHealth Group, Inc.	1.83
Bank of America Corp.	1.73
Intel Corp.	1.59
Comcast Corp.	1.41
Pfizer, Inc.	1.38
Anthem, Inc.	1.34
Total Portfolio %	20.61

(as of 9/30/2019)
label	percentageholding
Microsoft Corp.	3.69
Alphabet, Inc.	3.35
JP Morgan Chase & Co.	1.92
Facebook, Inc.	1.80
Comcast Corp.	1.60
Home Depot, Inc.	1.51
Bank of America Corp.	1.49
Intel Corp.	1.49
UnitedHealth Group, Inc.	1.45
Verizon Communications, Inc.	1.34
Total Portfolio %	19.64

Top 10 Fixed Income Holdings (%)

12/31/2019
9/30/2019

(as of 12/31/2019)
label	percentageholding
U.S. Treasury Bonds	4.53
U.S. Treasury Notes	2.56
FHLMC Mortgage Backed Securities (POOLS)	1.70
FNMA Mortgage Backed Securities (POOLS)	0.65
Bank of America Corp.	0.45
Qatar Government International Bond	0.36
JP Morgan Chase & Co.	0.35
BPCE S.A.	0.33
CVS Health Corp.	0.30
Verizon Communications, Inc.	0.30
Total Portfolio %	11.53

(as of 9/30/2019)
label	percentageholding
U.S. Treasury Bonds	4.92
U.S. Treasury Notes	4.27
FNMA Mortgage Backed Securities (POOLS)	1.07
FHLMC Mortgage Backed Securities (POOLS)	0.66
Bank of America Corp.	0.46
BPCE S.A.	0.42
AT&T, Inc.	0.38
Qatar Government International Bond	0.37
JP Morgan Chase & Co.	0.36
CVS Health Corp.	0.31
Total Portfolio %	13.22

PDF Full Portfolio Holdings

Market Cap Distribution %
(as of 12/31/2019)
	Fund
Less than $2 billion	0
$2 billion - $5 billion	2
$5 billion - $10 billion	7
Greater than $10 billion	91
Not Classified	0

Fund Essentials
Inception Date	03/31/1983
Symbol	HADAX
CUSIP	416528875
Fund Number	2045

Fixed-Income Sector Exposure (%)

12/31/2019
9/30/2019

(as of 12/31/2019)
label	currentpercentage
Investment Grade Credit	60
United States Government	23
Mortgage Backed Securities	10
Asset Backed Securities	5
Commercial Mortgage Backed Securities	2
High Yield Credit	1
Cash, Cash Equivalents and Cash Offsets	0
Bank Loans	0
Convertible Bonds	0
Developed Government and Related (Non-US $)	0
Emerging Market Debt	0
Other	0
Tax Exempt Municipal	0

(as of 9/30/2019)
label	currentpercentage
Investment Grade Credit	57
United States Government	27
Mortgage Backed Securities	8
Asset Backed Securities	5
Commercial Mortgage Backed Securities	1
High Yield Credit	1
Cash, Cash Equivalents and Cash Offsets	0
Bank Loans	0
Convertible Bonds	0
Developed Government and Related (Non-US $)	0
Emerging Market Debt	0
Other	0
Tax Exempt Municipal	0

Insights

The 5-Minute Forecast 4Q19

10/16/2019

A concise summary of the Hartford Funds Investment Consulting Group's views on the main challenges facing investors: Growth, Income, Volatility, Inflation, and Taxes.

3Q Multi-Asset Outlook: Central Banks to the Rescue? Don't Count on it

07/15/2019

Regardless of near-term developments on the trade front, I expect growth to slow and think investors should consider more defensive positioning.

Literature

Financial Professionals:

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Summary Prospectus

05/01/2019 | pdf

A concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.

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Semi Annual Report

06/30/2018 | pdf

A semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

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Statutory Prospectus

05/01/2019 | pdf

An annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.

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Annual Report

12/31/2018 | pdf

An annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

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SAI

05/01/2019 | pdf

A supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.

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Important Risks: Investing involves risk, including the possible loss of principal. The Fund seeks to achieve its investment objective by allocating assets among different asset classes. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • Mortgage related- and asset-backed securities' risks include credit, interest-rate, prepayment, and extension risk. • Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government.

Hartford HLS Funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. Advisory services are provided by Hartford Funds Management Company, LLC (HFMC). The Funds are sub-advised by Wellington Management Company LLP, which is not affiliated with HFD or HFMC.

Additional Information Regarding Bloomberg Barclays Indices Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, "Barclays"), used under license. Bloomberg or Bloomberg's licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

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