Hartford Healthcare Fund

43.86NAV (as of 10/29/2020)
-0.12 (-0.27%) 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

Rebecca Sykes, CFA
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 9/30/2020)	Average Annual Total Returns % (as of 9/30/2020)
Hartford Healthcare I	11.27	33.03	12.54	12.43	16.80	12.15
Benchmark	5.17	20.12	11.29	12.15	15.68	---
Morningstar Health Category	11.22	31.92	11.33	10.93	15.44	---

Performance (%)
	YTD	1YR	3YR	5YR	10YR	SI
	% (as of 9/30/2020)	Average Annual Total Returns % (as of 9/30/2020)
Hartford Healthcare I	11.27	33.03	12.54	12.43	16.80	12.15
Benchmark	5.17	20.12	11.29	12.15	15.68	---
Morningstar Health Category	11.22	31.92	11.33	10.93	15.44	---

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

Operating Expenses: Net 1.02% | Gross 1.02%

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 9/30/2020)

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I-Share Morningstar Ratings
(as of 9/30/2020)

Overall

:
Overall, 4 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 4 stars, rated against 133, 133, 124 and 103 products, respectively. Morningstar Rating^TM 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.
©2020 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.
:
133 Products | Health Category

Based on Risk-Adjusted Returns

Calendar Year Returns (%)
	Fund	BENCHMARK	PEER GROUP
2019	33.69	20.87	---
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	---

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	9/30/2020
Net Assets	$1.5 billion
# of Holdings	114
% in Equities	97
% in Foreign Equities	17
Beta (3 year)	1.06
R Squared (3 year)	0.87
Standard Deviation	18.11%
Turnover (9/30/2020)	47%
Active Share	57%

Holdings Characteristics
(as of 9/30/2020)
	Fund	S&P Composite 1500 Health Care Index
Price/Earnings	37.2x	15.6x
Price/Book	5.1x	4.8x
EPS Growth Rate	10.0%	9.0%
Return on Equity	5.1%	22.9%
Asset Weighted Market Cap (billions)	$87.6	$141.6
Median Market Cap (billions)	$4.9	$4.1

Return Characteristics
(as of 8/31/2020)
	Fund
Alpha (5 Year)	-1.38
Down Capture (5 Year)	114.79
Information Ratio (5 Year)	-0.09
Sharpe Ratio (5 Year)	0.60
Up Capture (5 Year)	106.81

Market Cap Distribution %
(as of 9/30/2020)
	Fund
Less than $2 billion	10
$2 billion - $5 billion	8
$5 billion - $10 billion	9
Greater than $10 billion	72
Not Classified	0

Regional Exposure (%)

9/30/2020
6/30/2020

(as of 9/30/2020)
label	value
North America	82
Europe	11
Japan	4
Emerging Markets	3
Middle East/Developed	0

(as of 6/30/2020)
label	value
North America	82
Europe	11
Japan	4
Emerging Markets	3
Middle East/Developed	0

Top Ten Holdings (%)

9/30/2020
6/30/2020

(as of 9/30/2020)
label	percentageholding
UnitedHealth Group, Inc.	7.79
Pfizer, Inc.	5.87
Thermo Fisher Scientific, Inc.	4.38
Danaher Corp.	3.66
Bristol-Myers Squibb Co.	3.65
Abbott Laboratories	3.58
Eli Lilly and Co.	3.56
Boston Scientific Corp.	2.99
AstraZeneca plc	2.70
Edwards Lifesciences Corp.	2.59
Total Portfolio %	40.77

(as of 6/30/2020)
label	percentageholding
UnitedHealth Group, Inc.	7.63
Pfizer, Inc.	5.42
Eli Lilly & Co.	4.09
Thermo Fisher Scientific, Inc.	3.71
Bristol-Myers Squibb Co.	3.69
Danaher Corp.	3.11
Abbott Laboratories	2.95
AstraZeneca plc	2.69
Boston Scientific Corp.	2.46
Edwards Lifesciences Corp.	2.32
Total Portfolio %	38.07

PDF Full Portfolio Holdings

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

Subsector Exposure

9/30/2020
6/30/2020

(as of 9/30/2020)
label	currentpercentage
Medical Technology	33
Biopharma Large Cap	25
Health Care Services	21
Biopharma Mid Cap	11
Biopharma Small Cap	10

(as of 6/30/2020)
label	currentpercentage
Medical Technology	28
Biopharma Large Cap	26
Health Care Services	22
Biopharma Mid Cap	14
Biopharma Small Cap	10

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

Coronavirus Update Center

07/21/2020

Collected insights on the impact of coronavirus.

Global Healthcare: Pressing Questions

07/15/2020

Amid today’s uncertainty, learn why we believe healthcare continues to offer a compelling opportunity set.

The Future of Healthcare

05/19/2020

Medical technology innovations are disrupting traditional markets and changing the way providers and patients approach healthcare.

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

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