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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
13
YRS
MANAGING THIS FUND
29
YRS
AT WELLINGTON MANAGEMENT
34
YRS
EXPERIENCE IN THIS INDUSTRY
6
YRS
MANAGING THIS FUND
22
YRS
AT WELLINGTON MANAGEMENT
22
YRS
EXPERIENCE IN THIS INDUSTRY
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.
Performance
PERFORMANCE %
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 STATS
| # of Holdings | 63 |
|---|---|
| % in Equities | 99 |
| % in Foreign Equities | 0 |
| Beta (3 year) | 0.95 |
| R Squared (3 year) | 0.99 |
| Standard Deviation | 16.94% |
| Turnover- (9/30/2023) | 17% |
| Active Share | 56% |
Holdings Characteristics
| Price/Earnings | 18.1x |
|---|---|
| Price/Book | 4.9x |
| EPS Growth Rate | 14.8% |
| Asset Weighted Market Cap (billions) | $662.7 |
| Return on Equity | 32.7% |
| Median Market Cap (billions) | $93.1 |
Market Cap Distribution (%)
| Less than $2 billion | 0 | |
| $2 billion - $5 billion | 0 | |
| $5 billion - $10 billion | 0 | |
| Greater than $10 billion | 100 | |
| Not Classified | 0 | |
RETURN CHARACTERISTICS
|
Alpha (5 Year)
|
-0.46 |
|
Down Capture (5 Year)
|
95.17 |
|
Information Ratio (5 Year)
|
-0.45 |
|
Sharpe Ratio (5 Year)
|
0.52 |
|
Up Capture (5 Year)
|
94.00 |
Sector Exposure (%)
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
|---|---|---|---|---|---|---|---|
| 9/30/23 | 10/31/23 | 10/31/23 | -4 0 4 | ||||
| Health Care | 17 | 17 | 13 | ||||
| Consumer Discretionary | 10 | 11 | 11 | ||||
| Communication Services | 8 | 9 | 9 | ||||
| Consumer Staples | 7 | 7 | 7 | ||||
| Utilities | 3 | 3 | 3 | ||||
| Real Estate | 2 | 2 | 2 | ||||
| Information Technology | 27 | 27 | 28 | ||||
| Financials | 13 | 12 | 13 | ||||
| Industrials | 7 | 7 | 8 | ||||
| Energy | 4 | 4 | 5 | ||||
| Materials | 1 | 1 | 2 | ||||
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.
Past distributions are not indicative of future distributions.
Insights
Fund Literature
09/30/2023 - PDF (159 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and the current performance.
09/30/2023 - 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.
09/30/2023 - PDF (267 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
09/30/2023 - PDF (171 KB)
Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.
09/30/2023 - PDF (171 KB)
Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.
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.
09/30/2023 - PDF (511 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.
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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