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Objective
Seeks a high level of current income consistent with growth of capital.
Overview
A dividend-focused fund that seeks companies with above-average yields, below-average valuations, and the ability to sustain and/or grow dividends.
Dividends Are a Sign of Strength
We believe companies that initiate or consistently grow their dividends display confidence in the future health of their companies and a commitment to their shareholders.
We Use a Disciplined Stock Selection Process
We look for companies that meet the following criteria:
- Sustainable and/or growing dividends (or plans to initiate a dividend)
- Strong balance sheets
- Reasonable valuations
- Temporarily out of favor
- Strong management teams
Experience and Resources Can Give Us an Edge
The Fund management is backed by a large and experienced team of dedicated analysts and the full resources of sub-adviser Wellington Management.
Portfolio Management
18
YRS
MANAGING THIS FUND
27
YRS
AT WELLINGTON MANAGEMENT
37
YRS
EXPERIENCE IN THIS INDUSTRY
13
YRS
MANAGING THIS FUND
16
YRS
AT WELLINGTON MANAGEMENT
24
YRS
EXPERIENCE IN THIS INDUSTRY
17
YRS
MANAGING THIS FUND
17
YRS
AT WELLINGTON MANAGEMENT
24
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: 08/28/2003
Share Class Inception: 8/31/06.
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 8/28/03.
Hartford Equity Income Fund I Share Morningstar Ratings
overall
(as of 6/30/2021)
Overall, 4 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 4 stars, rated against 1141, 1141, 1012 and 740 products, respectively. Morningstar RatingTM
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.
©2021 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.
©2021 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.
1141 PRODUCTS
|
Large Value Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 6/30/2021)
Overall, 4 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 4 stars, rated against 1141, 1141, 1012 and 740 products, respectively. Morningstar RatingTM
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.
©2021 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.
©2021 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.
1141 PRODUCTS
|
Large Value Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 6/30/2021)
Overall, 4 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 4 stars, rated against 1141, 1141, 1012 and 740 products, respectively. Morningstar RatingTM
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.
©2021 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.
©2021 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.
1012 PRODUCTS
|
Large Value Category
Based on Risk-Adjusted Returns
10 YEAR
(as of 6/30/2021)
Overall, 4 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 4 stars, rated against 1141, 1141, 1012 and 740 products, respectively. Morningstar RatingTM
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.
©2021 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.
©2021 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.
740 PRODUCTS
|
Large Value Category
Based on Risk-Adjusted Returns
Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.
Characteristics
FUND STATS
| # of Holdings | 65 |
| % in Equities | 98 |
| % in Foreign Equities | 7 |
| Beta (3 year) | 0.85 |
| R Squared (3 year) | 0.98 |
| Standard Deviation | 17.28% |
| Turnover- (6/30/2021) | 23% |
| Active Share | 72% |
| Dividend Frequency | Quarterly |
Holdings Characteristics
| FUND | Russell 1000 Value Index | |
|---|---|---|
| Price/Earnings | 15.9x | 16.4x |
| Price/Book | 3.1x | 3.0x |
| EPS Growth Rate | 11.6% | 13.7% |
| Asset Weighted Market Cap (billions) | $159.6 | $152.8 |
| Return on Equity | 25.4% | 16.6% |
| Median Market Cap (billions) | $93.5 | $13.9 |
Top Ten Holdings (%)
Yields (%)
(as of 6/30/21)
| 30-Day SEC Yield | 1.55 |
|
Unsubsidized 30-Day SEC Yield
|
1.55 |
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)
|
1.59 |
|
Down Capture (5 Year)
|
83.02 |
|
Information Ratio (5 Year)
|
0.08 |
|
Sharpe Ratio (5 Year)
|
0.81 |
|
Up Capture (5 Year)
|
91.04 |
Sector Exposure (%)
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
|---|---|---|---|---|---|---|---|
| 3/31/21 | 6/30/21 | 6/30/21 | -4 0 4 | ||||
| Consumer Staples | 10 | 11 | 7 | ||||
| Health Care | 18 | 20 | 17 | ||||
| Industrials | 14 | 13 | 12 | ||||
| Utilities | 6 | 6 | 5 | ||||
| Financials | 21 | 21 | 21 | ||||
| Energy | 5 | 5 | 5 | ||||
| Materials | 3 | 4 | 4 | ||||
| Information Technology | 10 | 9 | 10 | ||||
| Consumer Discretionary | 5 | 4 | 6 | ||||
| Real Estate | 3 | 3 | 5 | ||||
| Communication Services | 4 | 4 | 8 | ||||
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 | total distribution |
|---|---|---|---|---|---|
| 3/30/2021 | 21.64 | $0.1101 | $0.0000 | $0.0000 | $0.1101 |
| 12/30/2020 | 19.53 | $0.1208 | $0.0000 | $0.0000 | $0.1208 |
| 12/11/2020 | 19.67 | $0.0000 | $0.0000 | $0.1995 | $0.1995 |
| 9/29/2020 | 17.75 | $0.0723 | $0.0000 | $0.0000 | $0.0723 |
| 6/29/2020 | 0.00 | $0.0760 | $0.0000 | $0.0000 | $0.0760 |
Past distributions are not indicative of future distributions.
Insights
Fund Literature
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2021 - PDF (635 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
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.
06/30/2021 - PDF (487 KB)
This Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.
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.
03/31/2021 - PDF (449 KB)
Morningstar analyst's take on the Hartford Equity Income Fund.
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. • For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. • 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. • Different investment styles may go in and out of favor, which may cause the Fund to underperform the broader stock market. • To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur.
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