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Income fund

Hartford Multi-Asset Income Fund    Share Class - I (ITTIX)


Effective 4/30/21, the Fund (formerly known as the Hartford Multi-Asset Income and Growth Fund) changed its name to the Hartford Multi-Asset Income Fund.

Effective 5/1/19, the Fund changed its objective, principal investment strategy and benchmark.

Returns prior to 5/1/19 reflect the performance of the Fund's prior strategy. Please see the Fund's prospectus for additional information.

Objective

Seeks to provide a high level of current income consistent with growth of capital.

Overview

A diversified multi-asset fund that aims to deliver attractive income consistent with growth of capital with the flexibility to adapt to changing market environments.

Portfolio Management
Managing Director
Portfolio Manager
3
YRS
MANAGING THIS FUND
6
YRS
AT WELLINGTON MANAGEMENT
18
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
4
YRS
MANAGING THIS FUND
7
YRS
AT WELLINGTON MANAGEMENT
20
YRS
EXPERIENCE IN THIS INDUSTRY

The portfolio managers are supported by the full resources of Wellington.

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 10/31/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 10/31/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Multi-Asset Income I 6.21 14.41 7.79 8.01 8.45 6.76
Benchmark 9.41 17.48 12.99 10.29 9.01 ---
Morningstar Allocation--30% to 50% Equity Category 7.36 16.46 9.71 7.43 6.59 ---
 
CUMULATIVE %
(as of 9/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 9/30/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Multi-Asset Income I 4.50 11.50 5.31 7.19 9.03 6.72
Benchmark 6.09 12.26 10.51 9.34 9.20 ---
Morningstar Allocation--30% to 50% Equity Category 5.39 13.49 7.77 6.83 6.98 ---

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.

SI = Since Inception. Fund Inception: 07/22/1996

Share Class Inception: 3/31/15.
Class I-share performance prior to its inception date reflects Class A-share performance (excluding sales charges) and operating expenses. SI performance is calculated from 7/22/96.

The Fund’s Class I shares have not been in operation for 10 years. Therefore, the Calendar Year Returns (I Shares) chart includes performance and operating expenses of another class. For more information, see the prospectus.

Characteristics

FUND ESSENTIALS
Inception Date 07/22/1996
Net Assets $876 million
Total Operating Expenses 0.70%
Morningstar Category Allocation--30% to 50% Equity
Lipper Classification Mixed-Asset Target Alloc Moderate Funds
CUSIP 41664R168
Fund Number 1706
FUND STATS
Dividend Frequency
Monthly
Fixed-Income Holdings Characteristics
Effective Duration
1.96 yrs
Yields (%) (as of 10/31/21)
30-Day SEC Yield
2.59
Unsubsidized 30-Day SEC Yield
2.59
Fixed-Income Sector Exposure (%)
Investment Grade Credit 11
Asset Backed Securities 9
Bank Loans 8
Nominal Government 7
Commercial Mortgage Backed Securities 5
Cash and Cash Equivalents 4
Mortgage Backed Securities 4
High Yield Credit 2
Emerging Market Debt 2
Convertible Bonds 0
Preferred Stock 0
Cash Offsets & Collateral 0
Emerging Market Inflation Linked Bonds 0
Fixed Income Closed End Funds 0
Other 0
Investment Grade Credit 12
Asset Backed Securities 9
Bank Loans 9
Nominal Government 7
Commercial Mortgage Backed Securities 5
Mortgage Backed Securities 4
Emerging Market Debt 2
High Yield Credit 2
Cash and Cash Equivalents 1
Convertible Bonds 0
Preferred Stock 0
Cash Offsets & Collateral 0
Emerging Market Inflation Linked Bonds 0
Fixed Income Closed End Funds 0
Other 0
Top Ten Equity Holdings (%)
Equity LifeStyle Properties, Inc. 0.78
Aker Carbon Capture ASA 0.65
Johnson & Johnson 0.46
Microsoft Corp. 0.45
Bureau Veritas S.A. 0.37
China Longyuan Power Group Corp. Ltd. 0.36
UnitedHealth Group, Inc. 0.32
Enel S.p.A. 0.31
Schneider Electric SE 0.31
ENN Energy Holdings Ltd. 0.29
Total Portfolio % 4.30
Equity LifeStyle Properties, Inc. 0.73
China Longyuan Power Group Corp. Ltd. 0.64
Aker Carbon Capture ASA 0.56
Johnson & Johnson 0.46
Microsoft Corp. 0.45
Douglas Emmett, Inc. 0.42
Bureau Veritas S.A. 0.36
Schneider Electric SE 0.30
Enel S.p.A. 0.29
McDonald's Corp. 0.29
Total Portfolio % 4.50
Top Ten Fixed-Income Issuers (%)
U.S. Treasury Notes 4.24
U.S. Treasury Bonds 3.21
Societe Generale S.A. 2.75
Canadian Imperial Bank of Commerce 1.72
Merrill Lynch International & Co. C.V. 1.28
Bank of Montreal 1.20
FHLMC Mortgage Backed Securities (POOLS) 1.20
FNMA Mortgage Backed Securities (POOLS) 1.11
Wells Fargo N.A. 0.77
Citigroup Global Markets Holdings, Inc. 0.72
Total Portfolio % 18.20
U.S. Treasury Notes 3.57
U.S. Treasury Bonds 3.05
Citigroup Global Markets Holdings, Inc. 2.78
BNP Paribas S.A. 2.30
Bank of Montreal 2.27
Societe Generale S.A. 1.65
FNMA Mortgage Backed Securities (POOLS) 1.37
FHLMC Mortgage Backed Securities (POOLS) 1.24
Canadian Imperial Bank of Commerce 1.09
Wells Fargo N.A. 0.79
Total Portfolio % 20.11
Equity Sector Exposure (%)
Thematic Equities 15
Equity Linked Notes 10
Global Dividend Growth 10
Global Income Low Volatility Equities 9
Equity Closed End Funds 0
Master Limited Partnerships 0
Other 0
Global Income Low Volatility Equities invests in securities that Wellington Management believes exhibit low volatility. Thematic Equities invest in securities based on Wellington's macroeconomic and structural trends derived from proprietary research.

Thematic Equities invest in securities based on Wellington's macroeconomic and structural trends derived from proprietary research.

distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
10/29/2021 21.76 $0.0507 $0.0000 $0.0000 $0.0507
9/29/2021 21.51 $0.0578 $0.0000 $0.0000 $0.0578
8/31/2021 21.92 $0.0604 $0.0000 $0.0000 $0.0604
7/30/2021 21.82 $0.0634 $0.0000 $0.0000 $0.0634
6/29/2021 21.73 $0.0831 $0.0000 $0.0000 $0.0831
5/28/2021 21.79 $0.0514 $0.0000 $0.0000 $0.0514
4/30/2021 21.65 $0.0485 $0.0000 $0.0000 $0.0485
3/30/2021 21.10 $0.0488 $0.0000 $0.0000 $0.0488
2/26/2021 20.90 $0.0567 $0.0000 $0.0000 $0.0567
1/29/2021 21.12 $0.0325 $0.0000 $0.0000 $0.0325
12/30/2020 20.92 $0.0473 $0.0000 $0.0000 $0.0473
12/18/2020 20.91 $0.0000 $0.0000 $0.0000 $0.0000
11/27/2020 20.61 $0.0436 $0.0000 $0.0000 $0.0436
Past distributions are not indicative of future distributions.

Fund Literature


09/30/2021 - PDF (243 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
09/30/2021 - PDF (195 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
PDF (153 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
09/30/2021 - PDF (554 KB)
This Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.
PDF (2 KB)
An unaudited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
PDF (13 KB)
A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.
PDF (2 KB)
An audited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
PDF (13 KB)
A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.
Important Risks: Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • Investments in Equity Linked Notes (ELNs) are subject to interest, credit, management, counterparty, liquidity, and market risks, and as applicable, foreign security and currency risks. • Loans can be difficult to value and less liquid than other types of debt instruments; they are also subject to nonpayment, collateral, bankruptcy, default, extension, prepayment and insolvency risks. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • 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. • 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, economic and regulatory developments. These risks may be greater for investments in emerging markets. • Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, regulatory and counterparty risk. • Mortgage-related and asset-backed securities' risks include credit, interest-rate, prepayment, and extension risk. • Restricted securities may be more difficult to sell and price than other securities. • For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. • Investments in ETFs are subject to the risks that apply to the ETF's strategies and portfolio holdings.

BLOOMBERG® and any Bloomberg Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the indices (collectively, "Bloomberg") and have been licensed for use for certain purposes by Hartford Funds. Bloomberg is not affiliated with Hartford Funds, and Bloomberg does not approve, endorse, review, or recommend any Hartford Funds product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to Hartford Fund products.

 

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The material on this site is for informational and educational purposes only. The material should not be considered tax or legal advice and is not to be relied on as a forecast. The material is also not a recommendation or advice regarding any particular security, strategy or product. Hartford Funds does not represent that any products or strategies discussed are appropriate for any particular investor so investors should seek their own professional advice before investing. Hartford Funds does not serve as a fiduciary. Content is current as of the publication date or date indicated, and may be superseded by subsequent market and economic conditions.

Investing involves risk, including the possible loss of principal. Investors should carefully consider a fund's investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund, or ETF summary prospectus and/or prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA/SIPC. ETFs are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain funds. Hartford Funds refers to Hartford Funds Management Group, Inc. and its subsidiaries, including HFD, HFMC, and Lattice, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

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