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Hartford Healthcare Fund

Explore Another ETFs

Objective

Seeks long-term capital appreciation.

Overview

A stock fund that invests exclusively in health care, a sector that is experiencing innovations and breakthroughs across multiple subsectors.

More About Healthcare Fund 

The Health-Care Revolution

The health-care sector is undergoing dramatic changes that will impact everything from the drugs we take to the way patients’ medical records are shared. Aging demographics globally and rising prosperity in emerging-market nations will drive even greater demand for lifesaving drugs, innovative procedures, and disruptive medical technology.

Pipeline to Innovation

With innovation and breakthroughs taking place across the globe, the Fund uses a broadly diversified, global approach that seeks to identify companies with the greatest opportunities in areas including biotechnology, medical technology, health services, and pharmaceuticals.

Backed by Size, Scale, and Experience

Wellington Management, the Fund’s sub-adviser, is one of the largest managers of health care stocks in the world. The portfolio managers on the Fund average 26 years of experience.


Jean M. Hynes, CFA
Senior Managing Director
Global Industry Analyst
Ann C. Gallo
Senior Managing Director
Global Industry Analyst
Robert L. Deresiewicz
Senior Managing Director
Global Industry Analyst

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

Performance

Performance (%)
% (as of 12/31/2017)
Average Annual Total Returns % (as of 12/31/2017)
YTD 1YR 3YR 5YR 10YR SI
Hartford Healthcare  I 21.94 21.94 8.09 19.15 11.70 11.81
Benchmark 22.47 22.47 8.82 17.98 11.36 ---
Morningstar Health Category 24.34 24.34 6.30 17.92 11.75 ---
Performance (%)
% (as of 12/31/2017)
Average Annual Total Returns % (as of 12/31/2017)
YTD 1YR 3YR 5YR 10YR SI
Hartford Healthcare  I 21.94 21.94 8.09 19.15 11.70 11.81
Benchmark 22.47 22.47 8.82 17.98 11.36 ---
Morningstar Health Category 24.34 24.34 6.30 17.92 11.75 ---
SI = Since Inception. Fund Inception: 05/01/2000
Operating Expenses:   Net  1.05% |  Gross  1.05%

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 5/1/00.

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.

Prior to 4/1/2016, the Fund's benchmark was the S&P North American Health Care Sector Index.

Growth of $10,000

(as of 12/31/2017)
[{"date":"2017/12/31","value":"29382"},{"date":"2017/11/30","value":"29522"},{"date":"2017/10/31","value":"29006"},{"date":"2017/09/30","value":"29846"},{"date":"2017/08/31","value":"29772"},{"date":"2017/07/31","value":"29472"},{"date":"2017/06/30","value":"29414"},{"date":"2017/05/31","value":"27858"},{"date":"2017/04/30","value":"27625"},{"date":"2017/03/31","value":"27217"},{"date":"2017/02/28","value":"27084"},{"date":"2017/01/31","value":"25295"},{"date":"2016/12/31","value":"24163"},{"date":"2016/11/30","value":"23964"},{"date":"2016/10/31","value":"23339"},{"date":"2016/09/30","value":"25404"},{"date":"2016/08/31","value":"24922"},{"date":"2016/07/31","value":"26196"},{"date":"2016/06/30","value":"24741"},{"date":"2016/05/31","value":"24628"},{"date":"2016/04/30","value":"23813"},{"date":"2016/03/31","value":"23135"},{"date":"2016/02/29","value":"22494"},{"date":"2016/01/31","value":"22984"},{"date":"2015/12/31","value":"26429"},{"date":"2015/11/30","value":"26311"},{"date":"2015/10/31","value":"25399"},{"date":"2015/09/30","value":"23810"},{"date":"2015/08/31","value":"25930"},{"date":"2015/07/31","value":"27892"},{"date":"2015/06/30","value":"27000"},{"date":"2015/05/31","value":"26711"},{"date":"2015/04/30","value":"25097"},{"date":"2015/03/31","value":"25681"},{"date":"2015/02/28","value":"25215"},{"date":"2015/01/31","value":"24138"},{"date":"2014/12/31","value":"23456"},{"date":"2014/11/30","value":"23255"},{"date":"2014/10/31","value":"22440"},{"date":"2014/09/30","value":"21023"},{"date":"2014/08/31","value":"21275"},{"date":"2014/07/31","value":"20404"},{"date":"2014/06/30","value":"20747"},{"date":"2014/05/31","value":"19944"},{"date":"2014/04/30","value":"19288"},{"date":"2014/03/31","value":"19889"},{"date":"2014/02/28","value":"20551"},{"date":"2014/01/31","value":"19276"},{"date":"2013/12/31","value":"18552"},{"date":"2013/11/30","value":"18160"},{"date":"2013/10/31","value":"17198"},{"date":"2013/09/30","value":"16609"},{"date":"2013/08/31","value":"15941"},{"date":"2013/07/31","value":"16259"},{"date":"2013/06/30","value":"15082"},{"date":"2013/05/31","value":"15229"},{"date":"2013/04/30","value":"14917"},{"date":"2013/03/31","value":"14383"},{"date":"2013/02/28","value":"13531"},{"date":"2013/01/31","value":"13372"},{"date":"2012/12/31","value":"12415"},{"date":"2012/11/30","value":"12397"},{"date":"2012/10/31","value":"12329"},{"date":"2012/09/30","value":"12624"},{"date":"2012/08/31","value":"12072"},{"date":"2012/07/31","value":"11980"},{"date":"2012/06/30","value":"12029"},{"date":"2012/05/31","value":"11434"},{"date":"2012/04/30","value":"11839"},{"date":"2012/03/31","value":"11870"},{"date":"2012/02/29","value":"11281"},{"date":"2012/01/31","value":"11103"},{"date":"2011/12/31","value":"10368"},{"date":"2011/11/30","value":"10227"},{"date":"2011/10/31","value":"10300"},{"date":"2011/09/30","value":"9669"},{"date":"2011/08/31","value":"10312"},{"date":"2011/07/31","value":"10803"},{"date":"2011/06/30","value":"11361"},{"date":"2011/05/31","value":"11532"},{"date":"2011/04/30","value":"11103"},{"date":"2011/03/31","value":"10435"},{"date":"2011/02/28","value":"10116"},{"date":"2011/01/31","value":"9834"},{"date":"2010/12/31","value":"9626"},{"date":"2010/11/30","value":"9086"},{"date":"2010/10/31","value":"9325"},{"date":"2010/09/30","value":"9190"},{"date":"2010/08/31","value":"8295"},{"date":"2010/07/31","value":"8577"},{"date":"2010/06/30","value":"8455"},{"date":"2010/05/31","value":"8810"},{"date":"2010/04/30","value":"9368"},{"date":"2010/03/31","value":"9754"},{"date":"2010/02/28","value":"9215"},{"date":"2010/01/31","value":"9221"},{"date":"2009/12/31","value":"9049"},{"date":"2009/11/30","value":"8724"},{"date":"2009/10/31","value":"8013"},{"date":"2009/09/30","value":"8467"},{"date":"2009/08/31","value":"8265"},{"date":"2009/07/31","value":"7958"},{"date":"2009/06/30","value":"7510"},{"date":"2009/05/31","value":"7369"},{"date":"2009/04/30","value":"6836"},{"date":"2009/03/31","value":"6756"},{"date":"2009/02/28","value":"6425"},{"date":"2009/01/31","value":"7302"},{"date":"2008/12/31","value":"7449"},{"date":"2008/11/30","value":"6842"},{"date":"2008/10/31","value":"7386"},{"date":"2008/09/30","value":"8981"},{"date":"2008/08/31","value":"9756"},{"date":"2008/07/31","value":"9674"},{"date":"2008/06/30","value":"9127"},{"date":"2008/05/31","value":"9499"},{"date":"2008/04/30","value":"9156"},{"date":"2008/03/31","value":"8783"},{"date":"2008/02/29","value":"9290"},{"date":"2008/01/31","value":"9453"},{"date":"2007/12/31","value":"10000"}]

 
Growth of $10,000

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

   

Morningstar Analyst Rating

Bronze

Morningstar awarded the Fund a Bronze analyst rating on 11/10/171

Calendar Year Returns (%)
Fund Benchmark
2017 21.94 22.47
2016 -8.33 -2.05
2015 12.97 7.41
2014 26.80 24.79
2013 49.95 42.19
2012 20.14 18.35
2011 8.03 11.88
2010 6.69 5.20
2009 21.74 20.76
2008 -25.27 -23.76

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 12/31/2017
Net Assets $1.4 billion
# of Holdings 99
Beta 1.18
R Squared 0.93
% in Equities 98%
Turnover (12/31/2017) 18%
% in Foreign Equities 12%
Standard Deviation 15.53%
Holdings Characteristics
(as of 12/31/2017)
Fund S&P Composite 1500 Health Care Index
Asset Weighted Market Cap $54.1 billion $120.1 billion
EPS Growth Rate 21.6% 11.6%
Median Market Cap $6.1 billion $3.7 billion
Price/Book 3.4x 4.0x
Price/Earnings 33.7x 16.7x
Return on Equity 3.8% 22.1%
Return Characteristics
(as of 12/31/2017)
Fund
Alpha -1.31
Down Capture 116.53
Information Ratio 0.25
Sharpe Ratio 1.32
Up Capture 113.51
Market Cap Distribution %
(as of 12/31/2017)
Less than $2 billion 13.4
$2 billion - $5 billion 8.8
$5 billion - $10 billion 6.4
Greater than $10 billion 71.4

Top Ten Holdings (%)

(as of 12/31/2017)
label percentageholding
UnitedHealth Group, Inc. 6.39
Medtronic plc 4.71
Bristol-Myers Squibb Co. 4.31
Allergan plc 3.37
Celgene Corp. 3.13
Eli Lilly & Co. 2.89
Stryker Corp. 2.87
Boston Scientific Corp. 2.84
Thermo Fisher Scientific, Inc. 2.60
AstraZeneca plc 2.55
Total Portfolio % 35.66
(as of 9/30/2017)
label percentageholding
UnitedHealth Group, Inc. 6.07
Medtronic plc 4.48
Bristol-Myers Squibb Co. 4.42
Celgene Corp. 4.31
Allergan plc 3.71
Boston Scientific Corp. 3.11
Eli Lilly & Co. 2.89
Stryker Corp. 2.60
Thermo Fisher Scientific, Inc. 2.55
AstraZeneca plc 2.46
Total Portfolio % 36.60
Fund Essentials
Inception Date 05/01/2000
Symbol HGHIX
CUSIP 416649887
Fund Number 1309

Subsector Exposure

(as of 12/31/2017)
label currentpercentage
Biopharma Mid Cap 16%
Biopharma Small Cap 9%
Health Care Services 24%
Medical Technology 26%
Biopharma Large Cap 25%
(as of 9/30/2017)
label currentpercentage
Biopharma Mid Cap 18%
Biopharma Small Cap 9%
Health Care Services 24%
Medical Technology 24%
Biopharma Large Cap 25%

Based on sub-adviser’s classification of health care subsectors, which includes combining biotechnology and pharmaceuticals in terms of capitalization: biopharma small-cap, biopharma mid-cap, and biopharma large-cap.  Excludes cash. May not total to 100% due to rounding.

Insights

pdf

2018 Outlooks (Schroders) 

Fri Dec 22 14:06:00 EST 2017
Thought leaders from Schroder Investment Management provide their outlook on issues that may influence markets and portfolios going forward.
pdf

1Q 2018 Outlooks (Wellington) 

Thu Dec 21 14:06:00 EST 2017
Thought leaders from Wellington Management provide their outlook on issues that may influence markets and portfolios going forward.
pdf

Correlation and Dispersion: Return of the Stock Picker's Market? 

Tue Jun 06 10:00:00 EDT 2017
Amid normalizing central bank policy, correlations and dispersion are trending in a favorable direction for fundamental investors.

Literature

Fund Literature

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Fact Sheet

12/31/2017 | pdf
Get FINRA Letter

Max 100

Commentary

09/30/2017 | pdf
Get FINRA Letter

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Expanded Commentary

09/30/2017 | pdf

Max 100

Summary Prospectus

03/01/2017 | pdf

Available For
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Pitchbook

12/31/2017 | pdf

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Semi Annual Report

04/30/2017 | pdf

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Statutory Prospectus

03/01/2017 | pdf

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Annual Report

10/31/2017 | pdf

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Fund Story

09/30/2017 | pdf
Get FINRA Letter

Max 100

SAI

03/01/2017 | 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. Risks of focusing investments on the healthcare-related sector include regulatory and legal developments, patent considerations, intense competitive pressures, rapid technological changes, potential product obsolescence, and liquidity risk. Foreign investments can be riskier and more volatile 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 (e.g., "Brexit"). These risks are generally greater for investments in emerging markets. Small- and mid-cap securities can have greater risk and volatility than large-cap securities.

1 The Morningstar Analyst Rating is not a credit or risk rating. It is a subjective evaluation performed by the manager research analysts of Morningstar. Morningstar evaluates funds based on five key pillars, which are process, performance, people, parent, and price. Analysts use this five pillar evaluation to determine how they believe funds are likely to perform over the long term on a risk-adjusted basis. They consider quantitative and qualitative factors in their research, and the weighting of each pillar may vary. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, Negative. A Morningstar Analyst Rating of Gold, Silver, or Bronze reflects an Analyst’s conviction in a fund’s prospects for outperformance. Analyst Ratings are continuously monitored and reevaluated at least every 14 months. The Morningstar Analyst Rating should not be used as the sole basis in evaluating a mutual fund. Morningstar Analyst Ratings involve unknown risks and uncertainties which may cause Morningstar’s expectations not to occur or to differ significantly from what we expected. For more detailed information about Morningstar’s Analyst rating, including its methodology, please go to hartfordfunds.com/MorningstarAnalystMethodology.

© 2017 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.

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