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Capital Appreciation Fund

Objective

Seeks growth of capital. 

Overview

A flexible, opportunistic stock fund that combines the skills and expertise of multiple active managers to invest across sectors, market caps, and investment styles.

Barron's Best Fund Families of 2015:
Hartford Funds ranked #4 for U.S Equity

View Rankings >

More About Capital Appreciation Fund 

Kent M. Stahl, CFA
Senior Managing Director
Director, Investment Strategy and Risk
Gregg R. Thomas, CFA
Senior Managing Director
Associate Director, Investment Strategy and Risk
Saul J. Pannell, CFA
Senior Managing Director
Equity Portfolio Manager
Frank D. Catrickes, CFA
Senior Managing Director
Equity Portfolio Manager

Portfolio managers are supported by the full resources of Wellington Management.

Video Commentaries

capap_thumbnail1

Investment Process (2:10)
Portfolio Manager Kent Stahl

 

capp-app-outlook-video-thumbnail

Fund Outlook & Commentary (2:23)
Investment Director Luke Stellini

Performance

Average Annual Total Returns (%)
(as of 7/31/2016)
YTD 1YR 3YR 5YR 10YR SI
Capital Appreciation  A 2.07 -1.69 8.08 10.78 6.19 12.31
With 5.5% Max
Sales Charge
--- -7.10 6.06 9.54 5.60 11.99
Benchmark 7.74 4.44 10.59 12.99 7.82 ---
Morningstar Large Blend Category 5.87 1.68 8.41 10.80 6.30 ---
Average Annual Total Returns (%)
(as of 6/30/2016)
YTD 1YR 3YR 5YR 10YR SI
Capital Appreciation  A -2.04 -4.57 8.60 9.19 5.66 12.13
With 5.5% Max
Sales Charge
--- -9.82 6.57 7.96 5.06 11.82
Benchmark 3.62 2.14 11.13 11.60 7.40 ---
Morningstar Large Blend Category 2.11 -0.42 8.93 9.46 5.92 ---

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.

Fund Inception: 7/22/96

 

Operating Expenses

Net  1.09% |  Gross 1.09%  
 

Growth of $10,000

(as of 7/31/2016)
[{"date":"2016/07/31","value":"18239"},{"date":"2016/06/30","value":"17505"},{"date":"2016/05/31","value":"17760"},{"date":"2016/04/30","value":"17588"},{"date":"2016/03/31","value":"17348"},{"date":"2016/02/29","value":"16275"},{"date":"2016/01/31","value":"16379"},{"date":"2015/12/31","value":"17869"},{"date":"2015/11/30","value":"18239"},{"date":"2015/10/31","value":"18144"},{"date":"2015/09/30","value":"16680"},{"date":"2015/08/31","value":"17388"},{"date":"2015/07/31","value":"18553"},{"date":"2015/06/30","value":"18344"},{"date":"2015/05/31","value":"18767"},{"date":"2015/04/30","value":"18396"},{"date":"2015/03/31","value":"18225"},{"date":"2015/02/28","value":"18311"},{"date":"2015/01/31","value":"17155"},{"date":"2014/12/31","value":"17635"},{"date":"2014/11/30","value":"17859"},{"date":"2014/10/31","value":"17412"},{"date":"2014/09/30","value":"17183"},{"date":"2014/08/31","value":"17683"},{"date":"2014/07/31","value":"16898"},{"date":"2014/06/30","value":"17271"},{"date":"2014/05/31","value":"16843"},{"date":"2014/04/30","value":"16413"},{"date":"2014/03/31","value":"16505"},{"date":"2014/02/28","value":"16639"},{"date":"2014/01/31","value":"15839"},{"date":"2013/12/31","value":"16431"},{"date":"2013/11/30","value":"16025"},{"date":"2013/10/31","value":"15479"},{"date":"2013/09/30","value":"14838"},{"date":"2013/08/31","value":"14154"},{"date":"2013/07/31","value":"14447"},{"date":"2013/06/30","value":"13668"},{"date":"2013/05/31","value":"13938"},{"date":"2013/04/30","value":"13274"},{"date":"2013/03/31","value":"12994"},{"date":"2013/02/28","value":"12441"},{"date":"2013/01/31","value":"12256"},{"date":"2012/12/31","value":"11598"},{"date":"2012/11/30","value":"11206"},{"date":"2012/10/31","value":"10935"},{"date":"2012/09/30","value":"10891"},{"date":"2012/08/31","value":"10596"},{"date":"2012/07/31","value":"10275"},{"date":"2012/06/30","value":"10372"},{"date":"2012/05/31","value":"10131"},{"date":"2012/04/30","value":"11012"},{"date":"2012/03/31","value":"11246"},{"date":"2012/02/29","value":"11015"},{"date":"2012/01/31","value":"10583"},{"date":"2011/12/31","value":"9652"},{"date":"2011/11/30","value":"9674"},{"date":"2011/10/31","value":"10046"},{"date":"2011/09/30","value":"8921"},{"date":"2011/08/31","value":"9954"},{"date":"2011/07/31","value":"10931"},{"date":"2011/06/30","value":"11279"},{"date":"2011/05/31","value":"11684"},{"date":"2011/04/30","value":"11993"},{"date":"2011/03/31","value":"11664"},{"date":"2011/02/28","value":"11749"},{"date":"2011/01/31","value":"11657"},{"date":"2010/12/31","value":"11388"},{"date":"2010/11/30","value":"10687"},{"date":"2010/10/31","value":"10654"},{"date":"2010/09/30","value":"10161"},{"date":"2010/08/31","value":"9382"},{"date":"2010/07/31","value":"9819"},{"date":"2010/06/30","value":"9086"},{"date":"2010/05/31","value":"9612"},{"date":"2010/04/30","value":"10451"},{"date":"2010/03/31","value":"10490"},{"date":"2010/02/28","value":"9898"},{"date":"2010/01/31","value":"9750"},{"date":"2009/12/31","value":"10089"},{"date":"2009/11/30","value":"9829"},{"date":"2009/10/31","value":"9214"},{"date":"2009/09/30","value":"9448"},{"date":"2009/08/31","value":"9083"},{"date":"2009/07/31","value":"8925"},{"date":"2009/06/30","value":"8178"},{"date":"2009/05/31","value":"8349"},{"date":"2009/04/30","value":"7550"},{"date":"2009/03/31","value":"6587"},{"date":"2009/02/28","value":"5982"},{"date":"2009/01/31","value":"6518"},{"date":"2008/12/31","value":"7063"},{"date":"2008/11/30","value":"6887"},{"date":"2008/10/31","value":"7587"},{"date":"2008/09/30","value":"9556"},{"date":"2008/08/31","value":"11238"},{"date":"2008/07/31","value":"11412"},{"date":"2008/06/30","value":"11934"},{"date":"2008/05/31","value":"12974"},{"date":"2008/04/30","value":"12605"},{"date":"2008/03/31","value":"11600"},{"date":"2008/02/29","value":"12002"},{"date":"2008/01/31","value":"12060"},{"date":"2007/12/31","value":"13103"},{"date":"2007/11/30","value":"13191"},{"date":"2007/10/31","value":"13666"},{"date":"2007/09/30","value":"13090"},{"date":"2007/08/31","value":"12242"},{"date":"2007/07/31","value":"12266"},{"date":"2007/06/30","value":"12370"},{"date":"2007/05/31","value":"12263"},{"date":"2007/04/30","value":"11664"},{"date":"2007/03/31","value":"11314"},{"date":"2007/02/28","value":"11136"},{"date":"2007/01/31","value":"11350"},{"date":"2006/12/31","value":"11278"},{"date":"2006/11/30","value":"11143"},{"date":"2006/10/31","value":"10833"},{"date":"2006/09/30","value":"10388"},{"date":"2006/08/31","value":"10248"},{"date":"2006/07/31","value":"10000"}]

 
Growth of $10,000

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

Calendar Year Returns (%)
Fund Benchmark
2015 1.33 0.48
2014 7.33 12.56
2013 41.67 33.55
2012 20.16 16.42
2011 -15.24 1.03
2010 12.87 16.93
2009 42.83 28.34
2008 -46.09 -37.31
2007 16.18 5.14
2006 15.66 15.72

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

Characteristics Holdings are subject to change. Percentages may be rounded.

Statistics
As of Date 7/31/2016
# of Holdings 366
Beta 1.11
R Squared 0.96
% in Equities 99%
Turnover (6/30/2016) 85%
% in Foreign Equities 18%
Standard Deviation 12.84%
Dividend Frequency Annually
Holdings Characteristics
(as of 7/31/2016)
Fund Russell 3000 Index
Asset Weighted Market Cap $78.9 billion $119.7 billion
EPS Growth Rate 12.7% 11.1%
Median Market Cap $13.1 billion $1.5 billion
Price/Book 2.6x 2.8x
Price/Earnings 14.5x 16.3x
Return on Equity 21.1% 24.2%
Return Characteristics
(as of 7/31/2016)
Fund
Alpha -3.40
Down Capture 124.29
Information Ratio -0.37
Sharpe Ratio 0.73
Up Capture 109.94
Market Cap Distribution %
(as of 07/31/2016)
Less than $2B 3.3
$2B - $10B 17.2
Greater than $10B 76.5

Top Ten Holdings (%)

(as of 7/31/2016)
label percentageholding
Merck & Co., Inc. 2.83
Bristol-Myers Squibb Co. 2.76
JP Morgan Chase & Co. 2.27
Chubb Ltd. 2.09
Alphabet, Inc. 2.00
Facebook, Inc. 1.50
Samsung Electronics Co., Ltd. 1.40
Allergan plc 1.36
HCA Holdings, Inc. 1.30
NXP Semiconductors N.V. 1.27
Total Portfolio % 18.78
(as of 6/30/2016)
label percentageholding
Bristol-Myers Squibb Co. 3.29
Merck & Co., Inc. 2.94
JPMorgan Chase & Co. 2.30
Chubb Ltd. 2.22
Alphabet, Inc. 1.87
Costco Wholesale Corp. 1.55
Facebook, Inc. 1.53
HCA Holdings, Inc. 1.35
Samsung Electronics Co., Ltd. 1.32
Allergan plc 1.27
Total Portfolio % 19.64

Top Five Countries (%)

(as of 7/31/2016)
label percentage
United States
82
United Kingdom
3
Canada
2
Netherlands
2
China
2
(as of 6/30/2016)
label percentage
United States
82
United Kingdom
3
Canada
2
Netherlands
2
China
2
Fund Essentials
Inception Date 07/22/1996
Net Assets $9.3 billion
Symbol ITHAX
CUSIP 416645406
Fund Number 214
Sector Exposure
Sectors 06/30/2016 Fund 07/31/2016 Benchmark 07/31/2016 UNDERWEIGHT / OVERWEIGHT -3 0 3
Health Care 17.6 18.4 14.6
Overweight 100.0%
Information Technology 22.3 23.4 19.9
Overweight 100.0%
Industrials 10.9 11.4 10.3
Overweight 33.333333333333336%
Materials 4.4 4.1 3.4
Overweight 33.333333333333336%
Consumer Discretionary 12.7 12.4 13.0
Overweight 33.333333333333336%
Financials 16.5 15.7 17.4
Overweight 33.333333333333336%
Consumer Staples 8.3 7.3 9.0
Overweight 66.66666666666667%
Energy 4.2 4.3 6.4
Overweight 66.66666666666667%
Telecommunication Services 0.7 0.8 2.6
Overweight 66.66666666666667%
Utilities 2.5 2.4 3.5
Overweight 66.66666666666667%

Insights

pdf

3Q 2016 Outlooks  

07/22/2016
Thought leaders from Wellington Management provide their outlooks on the risks and opportunities available in equities, fixed income, asset allocation, and commodities as we head into the th...

Literature

Fund Literature

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Fact Sheet

06/30/2016 | pdf
Get FINRA Letter

Max 100

Commentary

06/30/2016 | pdf
Get FINRA Letter

Max 100

Expanded Commentary

06/30/2016 | pdf

Summary Prospectus

03/01/2016 | pdf

Available For
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Pitchbook

06/30/2016 | pdf

Semi-Annual Report

04/30/2016 | pdf

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Statutory Prospectus

03/01/2016 | pdf

Available For
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SAI

03/01/2016 | pdf

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Annual Report

10/31/2015 | pdf

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A WORD ABOUT RISK

 

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the Fund’s strategy for allocating assets among different asset classes and/or portfolio management teams does not work as intended, the Fund may not achieve its objective or may underperform other funds with similar investment strategies. Mid-cap securities can have greater risk and volatility than large-cap securities. Foreign investments can be riskier than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions. These risks are generally greater for investments in emerging markets. The Fund may have high portfolio turnover, which could increase the Fund’s transaction costs and an investor’s tax liability.

Effective September 30, 2009, Class B shares of The Hartford Funds closed to new investors, and no new or additional investments, including investments through a systematic investment plan, will be allowed in Class B shares, except for permitted exchanges. For additional information about your privileges with respect to Class B shares, please refer to your prospectus and its supplements.

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