Hartford High Yield HLS Fund

7.92NAV (as of 2/22/2019)
+0.01 (+0.13%) NAV Change
High Yield BondMorningstar Category
High Yield FundsLipper Classification

Summary Prospectus

Objective

Seeks to provide high current income and long-term total return.

Overview

A fund that invests in high-yield bonds, by combining fundamental research, industry allocation, and macroeconomic trends.

Effective 12/31/17, this Fund is closed to certain qualified pension and retirement plans. For more information, please refer to the fund's statutory prospectus.

More About High Yield HLS Fund

Performance (%)
	YTD	1YR	3YR	5YR	10YR	SI
	% (as of 1/31/2019)	Average Annual Total Returns % (as of 1/31/2019)
Hartford High Yield HLS IA	4.70	0.36	7.80	3.92	9.84	6.03
Benchmark	4.52	1.73	9.41	4.61	10.97	---
Morningstar High Yield Bond Category	4.01	0.47	7.33	3.27	8.98	---

Performance (%)
	YTD	1YR	3YR	5YR	10YR	SI
	% (as of 12/31/2018)	Average Annual Total Returns % (as of 12/31/2018)
Hartford High Yield HLS IA	-3.44	-3.44	5.88	3.11	10.00	5.81
Benchmark	-2.08	-2.08	7.23	3.83	11.12	---
Morningstar High Yield Bond Category	-2.82	-2.82	5.38	2.56	9.05	---

SI = Since Inception. Fund Inception: 09/30/1998

Operating Expenses: Net 0.78% | Gross 0.78%

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.

IA-Share Morningstar Ratings
(as of 1/31/2019)

Overall

:

Calendar Year Returns (%)
	Fund	Benchmark	Peergroup
2018	-3.44	-2.08	---
2017	7.60	7.50	---
2016	14.25	17.13	---
2015	-4.30	-4.47	---
2014	2.58	2.45	---
2013	6.43	7.44	---
2012	14.31	15.81	---
2011	4.69	4.98	---
2010	16.15	15.12	---
2009	50.46	58.21	---

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.

Characteristics

Statistics
As of Date	1/31/2019
Net Assets	$257 million
# of Holdings	264
Turnover (12/31/2018)	26%
Dividend Frequency	Annually

Holdings Characteristics
(as of 1/31/2019)
	Fund
Effective Duration	3.69 yrs

Sector Exposure

1/31/2019
12/31/2018

(as of 1/31/2019)
label	currentpercentage
Communications	19
Consumer Non-Cyclical	14
Consumer Cyclical	14
Energy	12
Financial Institutions	12
Capital Goods	12
Technology	7
Basic Industry	5
Cash, Cash Equivalents and Cash Offsets	2
Other	1
Utilities	1
Transportation	0

(as of 12/31/2018)
label	currentpercentage
Communications	18
Consumer Non-Cyclical	14
Consumer Cyclical	15
Energy	10
Financial Institutions	12
Capital Goods	12
Technology	6
Basic Industry	8
Cash, Cash Equivalents and Cash Offsets	2
Other	1
Utilities	1
Transportation	1

Fund Essentials
Inception Date	09/30/1998
Symbol	HIAYX
CUSIP	416528842
Fund Number	2040

Top Ten Issuers

1/31/2019
12/31/2018

(as of 1/31/2019)
label	percentageholding
Bausch Health Cos., Inc.	2.67
Sprint Corp.	2.59
HCA, Inc.	2.00
CSC Holdings LLC	1.95
Navient Corp.	1.77
CCO Holdings LLC / CCO Holdings Capital Corp.	1.63
Post Holdings, Inc.	1.61
United Rentals North America, Inc.	1.45
Altice France S.A.	1.42
Springleaf Finance Corp.	1.39
Total Portfolio %	18.48

(as of 12/31/2018)
label	percentageholding
Bausch Health Cos., Inc.	2.59
Sprint Corp.	2.58
HCA, Inc.	1.87
Navient Corp.	1.72
CCO Holdings LLC / CCO Holdings Capital Corp.	1.62
Post Holdings, Inc.	1.59
United Rentals North America, Inc.	1.50
Altice France S.A.	1.39
Springleaf Finance Corp.	1.38
CSC Holdings LLC	1.35
Total Portfolio %	17.59

PDF Full Portfolio Holdings

Credit Exposure (%)

(as of 1/31/2019)
label	value
Aaa/AAA	0
Aa/AA	0
A	0
Baa/BBB	3
Ba/BB	34
B	48
Caa/CCC or lower	13
Not Rated	1
Cash & Cash Offsets	2

Credit exposure is the credit ratings for the underlying securities of the Fund as provided by Standard and Poor's (S&P), Moody's Investors Service, or Fitch and typically range from AAA/Aaa (highest) to C/D (lowest). If S&P, Moody's, and Fitch assign different ratings, the median rating is used. If only two agencies assign ratings, the lower rating is used. Securities that are not rated by any of the three agencies are listed as "Not Rated." Ratings do not apply to the Fund itself or to Fund shares. Ratings may change.

Asset Allocation Exposure
Sectors	12/31/2018	Fund 1/31/2019	Benchmark 1/31/2019	UNDERWEIGHT / OVERWEIGHT -3 0 3
Capital Goods	12	12	9	Overweight 100.0%
Financial Institutions	12	12	10	Overweight 66.66666666666667%
Cash, Cash Equivalents and Cash Offsets	2	2	0	Overweight 66.66666666666667%
Consumer Cyclical	15	14	14	Overweight 0.0%
Consumer Non-Cyclical	14	14	14	Overweight 0.0%
Technology	6	7	7	Overweight 0.0%
Other	1	1	1	Overweight 0.0%
Communications	18	19	20	Overweight 33.333333333333336%
Utilities	1	1	2	Overweight 33.333333333333336%
Transportation	1	0	1	Overweight 33.333333333333336%
Energy	10	12	14	Overweight 66.66666666666667%
Basic Industry	8	5	7	Overweight 66.66666666666667%

Insights

Client Conversations: Managing Risk in Your Fixed-Income Portfolio

Tue Feb 05 15:13:00 EST 2019

Changes in the economy and interest rates can have a big impact on your fixed-income portfolio.

Shelter From the Storm

Fri Feb 01 12:42:00 EST 2019

A fixed-income forecast for a rising-rate world.

The 5-Minute Forecast 1Q19

Tue Jan 22 11:24:00 EST 2019

A concise summary of the Hartford Funds Multi-Asset Team’s views on the main challenges facing investors: Growth, Income, Volatility, Inflation, and Taxes.

Literature

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Fund Literature

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Prospectus

05/01/2018 | pdf

A concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.

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Semi Annual Report

06/30/2018 | pdf

A semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

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Statutory Prospectus

05/01/2018 | pdf

An annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.

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Annual Report

12/31/2017 | pdf

An annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

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SAI

05/01/2018 | pdf

A supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.

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Important Risks: Investing involves risk, including the possible loss of principal. There is no guarantee a fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • 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, and counterparty risk. • 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 and economic developments. These risks may be greater for investments in emerging markets. • Privately placed, restricted (Rule 144A) securities may be more difficult to sell and price than other securities.

Hartford HLS Funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. Advisory services are provided by Hartford Funds Management Company, LLC (HFMC). The Funds are sub-advised by Wellington Management Company LLP, which is not affiliated with HFD or HFMC.

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