Hartford Healthcare Fund

34.90NAV (as of 4/23/2019)
+0.63 (+1.84%) 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 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	---

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 3/31/2019)

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2014","value":"35331.0"},{"date":"Sun Nov 30 00:00:00 EST 2014","value":"35009.0"},{"date":"Fri Oct 31 00:00:00 EDT 2014","value":"33779.0"},{"date":"Tue Sep 30 00:00:00 EDT 2014","value":"31634.0"},{"date":"Sun Aug 31 00:00:00 EDT 2014","value":"32011.0"},{"date":"Thu Jul 31 00:00:00 EDT 2014","value":"30691.0"},{"date":"Mon Jun 30 00:00:00 EDT 2014","value":"31203.0"},{"date":"Sat May 31 00:00:00 EDT 2014","value":"29991.0"},{"date":"Wed Apr 30 00:00:00 EDT 2014","value":"28995.0"},{"date":"Mon Mar 31 00:00:00 EDT 2014","value":"29892.0"},{"date":"Fri Feb 28 00:00:00 EST 2014","value":"30880.0"},{"date":"Fri Jan 31 00:00:00 EST 2014","value":"28959.0"},{"date":"Tue Dec 31 00:00:00 EST 2013","value":"27864.0"},{"date":"Sat Nov 30 00:00:00 EST 2013","value":"27271.0"},{"date":"Thu Oct 31 00:00:00 EDT 2013","value":"25817.0"},{"date":"Mon Sep 30 00:00:00 EDT 2013","value":"24928.0"},{"date":"Sat Aug 31 00:00:00 EDT 2013","value":"23923.0"},{"date":"Wed Jul 31 00:00:00 EDT 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2012","value":"16849.0"},{"date":"Tue Jan 31 00:00:00 EST 2012","value":"16571.0"},{"date":"Sat Dec 31 00:00:00 EST 2011","value":"15467.0"},{"date":"Wed Nov 30 00:00:00 EST 2011","value":"15251.0"},{"date":"Mon Oct 31 00:00:00 EDT 2011","value":"15350.0"},{"date":"Fri Sep 30 00:00:00 EDT 2011","value":"14408.0"},{"date":"Wed Aug 31 00:00:00 EDT 2011","value":"15368.0"},{"date":"Sun Jul 31 00:00:00 EDT 2011","value":"16086.0"},{"date":"Thu Jun 30 00:00:00 EDT 2011","value":"16921.0"},{"date":"Tue May 31 00:00:00 EDT 2011","value":"17172.0"},{"date":"Sat Apr 30 00:00:00 EDT 2011","value":"16526.0"},{"date":"Thu Mar 31 00:00:00 EDT 2011","value":"15530.0"},{"date":"Mon Feb 28 00:00:00 EST 2011","value":"15054.0"},{"date":"Mon Jan 31 00:00:00 EST 2011","value":"14632.0"},{"date":"Fri Dec 31 00:00:00 EST 2010","value":"14318.0"},{"date":"Tue Nov 30 00:00:00 EST 2010","value":"13519.0"},{"date":"Sun Oct 31 00:00:00 EDT 2010","value":"13860.0"},{"date":"Thu Sep 30 00:00:00 EDT 2010","value":"13662.0"},{"date":"Tue Aug 31 00:00:00 EDT 2010","value":"12325.0"},{"date":"Sat Jul 31 00:00:00 EDT 2010","value":"12738.0"},{"date":"Wed Jun 30 00:00:00 EDT 2010","value":"12558.0"},{"date":"Mon May 31 00:00:00 EDT 2010","value":"13088.0"},{"date":"Fri Apr 30 00:00:00 EDT 2010","value":"13914.0"},{"date":"Wed Mar 31 00:00:00 EDT 2010","value":"14470.0"},{"date":"Sun Feb 28 00:00:00 EST 2010","value":"13671.0"},{"date":"Sun Jan 31 00:00:00 EST 2010","value":"13680.0"},{"date":"Thu Dec 31 00:00:00 EST 2009","value":"13420.0"},{"date":"Mon Nov 30 00:00:00 EST 2009","value":"12935.0"},{"date":"Sat Oct 31 00:00:00 EDT 2009","value":"11876.0"},{"date":"Wed Sep 30 00:00:00 EDT 2009","value":"12549.0"},{"date":"Mon Aug 31 00:00:00 EDT 2009","value":"12253.0"},{"date":"Fri Jul 31 00:00:00 EDT 2009","value":"11786.0"},{"date":"Tue Jun 30 00:00:00 EDT 2009","value":"11122.0"},{"date":"Sun May 31 00:00:00 EDT 2009","value":"10916.0"},{"date":"Thu Apr 30 00:00:00 EDT 2009","value":"10117.0"},{"date":"Tue Mar 31 00:00:00 EDT 2009","value":"10000.0"}]

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

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.

Characteristics Holdings are subject to change. Percentages may be rounded.

Characteristics

Statistics
As of Date	3/31/2019
Net Assets	$1.4 billion
# of Holdings	96
% in Equities	94
% in Foreign Equities	14
Beta (3 year)	1.09
R Squared (3 year)	0.85
Standard Deviation	15.41%
Turnover (3/31/2019)	31%
Active Share	63%

Holdings Characteristics
(as of 3/31/2019)
	Fund	S&P Composite 1500 Health Care Index
Price/Earnings	28.3x	14.5x
Price/Book	4.4x	4.6x
EPS Growth Rate	13.2%	9.5%
Return on Equity	-0.9%	20.8%
Asset Weighted Market Cap (billions)	$58.3	$127.6
Median Market Cap (billions)	$5.5	$4.5

Return Characteristics
(as of 3/31/2019)
	Fund
Alpha (5 Year)	-2.10
Down Capture (5 Year)	116.73
Information Ratio (5 Year)	-0.18
Sharpe Ratio (5 Year)	0.67
Up Capture (5 Year)	104.88

Market Cap Distribution %
(as of 3/31/2019)
Less than $2 billion	12
$2 billion - $5 billion	10
$5 billion - $10 billion	8
Greater than $10 billion	70
Not Classified	0

Regional Exposure (%)

3/31/2019
12/31/2018

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

(as of 12/31/2018)
label	value
North America	85
Europe	9
Japan	3
Middle East/Developed	1
Emerging Markets	1

Top Ten Holdings (%)

3/31/2019
12/31/2018

(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

(as of 12/31/2018)
label	percentageholding
UnitedHealth Group, Inc.	6.85
Abbott Laboratories	4.61
Medtronic plc	4.35
Bristol-Myers Squibb Co.	3.81
Boston Scientific Corp.	3.78
Eli Lilly & Co.	3.59
Thermo Fisher Scientific, Inc.	3.07
Anthem, Inc.	2.94
Allergan plc	2.77
HCA Healthcare, Inc.	2.66
Total Portfolio %	38.43

PDF Full Portfolio Holdings

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

Subsector Exposure

3/31/2019
12/31/2018

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

(as of 12/31/2018)
label	currentpercentage
Medical Technology	27
Health Care Services	25
Biopharma Large Cap	20
Biopharma Mid Cap	15
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

2019 Outlooks (Wellington)

12/21/2018

Thought leaders from Wellington Management provide their outlook on issues that may influence markets and portfolios going forward.

2019 Outlooks (Schroders)

12/21/2018

Thought leaders from Schroder Investment Management provide their outlook on issues that will influence markets and portfolios going forward.

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.

© 2019 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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