Hartford Healthcare Fund

35.18NAV (as of 6/14/2019)
-0.24 (-0.68%) NAV Change
HealthMorningstar Category
Global Health/Biotechnology FundsLipper Classification

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

view bio

Ann C. Gallo
Senior Managing Director
Global Industry Analyst

view bio

Robert L. Deresiewicz
Senior Managing Director
Global Industry Analyst

view bio

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

Performance (%)
	YTD	1YR	3YR	5YR	10YR	SI
	% (as of 5/31/2019)	Average Annual Total Returns % (as of 5/31/2019)
Hartford Healthcare I	7.84	-0.66	7.91	9.30	15.67	11.16
Benchmark	1.48	6.65	9.27	10.08	15.58	---
Morningstar Health Category	4.91	-1.81	7.98	8.58	15.24	---

Performance (%)
	YTD	1YR	3YR	5YR	10YR	SI
	% (as of 3/31/2019)	Average Annual Total Returns % (as of 3/31/2019)
Hartford Healthcare I	14.15	9.24	12.32	10.63	17.35	11.60
Benchmark	6.89	14.63	13.06	11.72	16.92	---
Morningstar Health Category	12.85	10.67	13.02	10.09	16.79	---

SI = Since Inception. Fund Inception: 05/01/2000

Operating Expenses: Net 1.00% | Gross 1.00%

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.

Growth of $10,000 (I-Share)

(as of 4/30/2019)

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Morningstar Analyst Rating

Morningstar awarded the Fund a Bronze analyst rating on 2/25/19¹

Calendar Year Returns (%)
	Fund	BENCHMARK	PEER GROUP
2018	-2.74	6.71	---
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	---

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

CharacteristicsAllocations, exposures and holdings are subject to change. Percentages may be rounded.

Characteristics

Allocations, exposures and holdings are subject to change. Percentages may be rounded.

Statistics
As of Date	4/30/2019
Net Assets	$1.3 billion
# of Holdings	101
% in Equities	94
% in Foreign Equities	15
Beta (3 year)	1.08
R Squared (3 year)	0.85
Standard Deviation	15.49%
Turnover (3/31/2019)	31%
Active Share	64%

Holdings Characteristics
(as of 4/30/2019)
	Fund	S&P Composite 1500 Health Care Index
Price/Earnings	27.6x	14.1x
Price/Book	4.2x	4.4x
EPS Growth Rate	13.0%	9.1%
Return on Equity	-0.9%	20.9%
Asset Weighted Market Cap (billions)	$55.3	$124.6
Median Market Cap (billions)	$4.7	$4.1

Return Characteristics
(as of 4/30/2019)
	Fund
Alpha (5 Year)	-1.41
Down Capture (5 Year)	111.97
Information Ratio (5 Year)	-0.08
Sharpe Ratio (5 Year)	0.68
Up Capture (5 Year)	104.88

Market Cap Distribution %
(as of 4/30/2019)
Less than $2 billion	13
$2 billion - $5 billion	12
$5 billion - $10 billion	6
Greater than $10 billion	69
Not Classified	0

Regional Exposure (%)

4/30/2019
3/31/2019

(as of 4/30/2019)
label	value
North America	85
Europe	10
Japan	3
Middle East/Developed	1
Emerging Markets	1

(as of 3/31/2019)
label	value
North America	85
Europe	10
Japan	3
Middle East/Developed	1
Emerging Markets	1

Top Ten Holdings (%)

4/30/2019
3/31/2019

(as of 4/30/2019)
label	percentageholding
Abbott Laboratories	5.52
UnitedHealth Group, Inc.	4.50
Anthem, Inc.	3.97
Thermo Fisher Scientific, Inc.	3.65
Boston Scientific Corp.	3.33
Medtronic plc	3.28
Bristol-Myers Squibb Co.	3.11
Eli Lilly & Co.	3.09
Danaher Corp.	2.89
Allergan plc	2.78
Total Portfolio %	36.12

(as of 3/31/2019)
label	percentageholding
Abbott Laboratories	5.37
UnitedHealth Group, Inc.	4.62
Anthem, Inc.	4.20
Thermo Fisher Scientific, Inc.	3.48
Boston Scientific Corp.	3.33
Eli Lilly & Co.	3.32
Medtronic plc	3.26
Bristol-Myers Squibb Co.	3.09
Danaher Corp.	2.79
Seattle Genetics, Inc.	2.71
Total Portfolio %	36.17

PDF Full Portfolio Holdings

Fund Essentials
Inception Date	05/01/2000
Symbol	HGHIX
CUSIP	416649887
Fund Number	1309

Subsector Exposure

4/30/2019
3/31/2019

(as of 4/30/2019)
label	currentpercentage
Medical Technology	30
Health Care Services	21
Biopharma Mid Cap	19
Biopharma Large Cap	18
Biopharma Small Cap	12

(as of 3/31/2019)
label	currentpercentage
Medical Technology	28
Health Care Services	21
Biopharma Mid Cap	18
Biopharma Large Cap	20
Biopharma Small Cap	13

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

Healthy Skepticism: Is the Market Unfairly Punishing Healthcare Stocks?

05/15/2019

The political debate over Medicare for All has been a headwind for healthcare stocks and may continue to be in the near term.

Investable Innovation: Tracking Remarkable Biopharmaceutical Advances

05/07/2019

In the coming decade, we should witness the arrival of a host of wonderful new drugs and novel treatment modalities.

2Q19 Multi-Asset Outlook: What's Really Changed?

04/15/2019

The big question now is how much higher markets can climb on the back of easier policy given that economic fundamentals continue to deteriorate.

Literature

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. • 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 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. • Small- and mid-cap securities can have greater risks 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.

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