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Domestic Equity fund

Hartford Core Equity Fund   

Domestic Equity fund

Hartford Core Equity Fund   
Share Class - I (HGIIX)

Objective

Seeks growth of capital.

Overview

A fund that seeks to buy large-cap U.S. stocks with improving quality trends, business momentum, and attractive relative valuations.


Focusing on Fundamentals

The Hartford Core Equity Fund’s portfolio management team believes that changes in a company’s fundamentals are often not reflected in its stock price and that markets frequently underestimate the persistence of a company’s fundamentals.

Relying on Experience and Expertise

The Fund’s portfolio management team relies on their extensive investment experience with large-cap companies and the deep, fundamental research from sub-adviser Wellington Management to create a portfolio that focuses on U.S. companies with improving quality, business momentum, and attractive valuations.

A Patient, Long-Term Approach

Many portfolio managers seek a catalyst based on what may happen to a company over the next six to 12 months. By contrast, the Fund focuses on what a company may look like over the next three to five years. The end result is a portfolio that has between 60 and 90 holdings (versus 500 holdings in its benchmark).

Portfolio Management
Senior Managing Director
Equity Portfolio Manager
13
YRS
MANAGING THIS FUND
29
YRS
AT WELLINGTON MANAGEMENT
34
YRS
EXPERIENCE IN THIS INDUSTRY
Managing Director
Equity Research Analyst
6
YRS
MANAGING THIS FUND
22
YRS
AT WELLINGTON MANAGEMENT
22
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Equity Portfolio Manager
6
YRS
MANAGING THIS FUND
12
YRS
AT WELLINGTON MANAGEMENT
27
YRS
EXPERIENCE IN THIS INDUSTRY

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

FUND PROCESS VIDEO
Hartford Core Equity Fund Process Video


Mammen Chally, CFA

Managing Director, Equity Portfolio Manager

Mammen Chally video

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 5/31/2023)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 5/31/2023)
YTD 1YR 3YR 5YR 10YR SI
Hartford Core Equity I 6.73 1.01 10.74 10.25 12.04 7.37
Benchmark 9.17 2.66 14.52 11.45 12.20 ---
 
CUMULATIVE %
(as of 3/31/2023)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 3/31/2023)
YTD 1YR 3YR 5YR 10YR SI
Hartford Core Equity I 5.39 -8.35 16.17 10.45 12.43 7.37
Benchmark 7.50 -7.73 18.60 11.19 12.24 ---

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: 04/30/1998

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 4/30/98.

 

 

 

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 04/30/1998
Net Assets $9.6 billion
Total Operating Expenses 0.46%
Morningstar Category Large Blend
Lipper Classification Large-Cap Core Funds
CUSIP 41664R192
Fund Number 1704
FUND STATS
# of Holdings
67
% in Equities
100
% in Foreign Equities
0
Beta (3 year)
0.95
R Squared (3 year)
0.99
Standard Deviation
17.19%
Turnover- (3/31/2023)
9%
Active Share
60%
Holdings Characteristics
Price/Earnings
17.1x
Price/Book
4.3x
EPS Growth Rate
12.6%
Asset Weighted Market Cap (billions)
$541.8
Return on Equity
32.5%
Median Market Cap (billions)
$87.8
Top Ten Holdings (%)
Microsoft Corp. 6.33
Apple, Inc. 6.08
Alphabet, Inc. 4.60
Amazon.com, Inc. 3.73
UnitedHealth Group, Inc. 3.05
JPMorgan Chase & Co. 2.47
Procter & Gamble Co. 2.44
Mastercard, Inc. 2.01
Eli Lilly & Co. 1.95
Morgan Stanley 1.82
Total Portfolio % 34.48
Microsoft Corp. 5.94
Apple, Inc. 5.91
Alphabet, Inc. 4.64
Amazon.com, Inc. 3.60
UnitedHealth Group, Inc. 2.92
JPMorgan Chase & Co. 2.33
Procter & Gamble Co. 2.32
Eli Lilly & Co. 1.83
Mastercard, Inc. 1.83
Motorola Solutions, Inc. 1.82
Total Portfolio % 33.14
Market Cap Distribution (%)

Market Cap Header3

Less than $2 billion 0
$2 billion - $5 billion 0
$5 billion - $10 billion 1
Greater than $10 billion 99
Not Classified 0
RETURN CHARACTERISTICS
Alpha (5 Year)
-0.30
Down Capture (5 Year)
95.53
Information Ratio (5 Year)
-0.39
Sharpe Ratio (5 Year)
0.57
Up Capture (5 Year)
94.75
Sector Exposure (%)

Exposure Chart Header

FUND
BENCHMARK UNDERWEIGHT / OVERWEIGHT

Exposure Chart Header2

3/31/23 4/30/23 4/30/23 -4 0 4
Health Care 17 18 14
Industrials 10 9 8
Consumer Staples 7 8 7
Financials 12 13 13
Consumer Discretionary 10 10 10
Utilities 3 3 3
Information Technology 27 25 26
Communication Services 7 7 8
Energy 3 4 5
Real Estate 2 2 3
Materials 1 1 3
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.
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains Return of Capital total distribution
12/28/2022 38.21 $0.4614 $0.0000 $0.0000 $0.4614
12/12/2022 40.58 $0.0000 $0.0000 $1.1158 $1.1158
Past distributions are not indicative of future distributions.

 

Fund Literature


03/31/2023 - PDF (164 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and the current performance.
03/31/2023 - PDF (197 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
04/01/2023 - PDF (144 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
03/31/2023 - PDF (282 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 (139 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
03/31/2023 - PDF (503 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, portfolio statistics, top holdings, and current performance.
PDF (3 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 (3 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.
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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 (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, Lattice, and HFMC, 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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