Hartford Healthcare Fund

35.85NAV (as of 2/15/2019)
+0.58 (+1.64%) 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 1/31/2019)	Average Annual Total Returns % (as of 1/31/2019)
Hartford Healthcare I	9.64	-0.05	11.07	10.44	15.97	11.47
Benchmark	5.12	4.97	13.36	12.32	15.90	---
Morningstar Health Category	9.30	1.45	11.94	9.70	15.80	---

Performance (%)
	YTD	1YR	3YR	5YR	10YR	SI
	% (as of 12/31/2018)	Average Annual Total Returns % (as of 12/31/2018)
Hartford Healthcare I	-2.74	-2.74	2.82	9.26	14.69	10.97
Benchmark	6.71	6.71	8.58	11.40	15.16	---
Morningstar Health Category	-0.35	-0.35	3.42	8.83	14.68	---

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

Operating Expenses: Net 1.03% | Gross 1.03%

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 12/31/2018)

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2014","value":"28697.0"},{"date":"Sun Aug 31 00:00:00 EDT 2014","value":"29039.0"},{"date":"Thu Jul 31 00:00:00 EDT 2014","value":"27842.0"},{"date":"Mon Jun 30 00:00:00 EDT 2014","value":"28306.0"},{"date":"Sat May 31 00:00:00 EDT 2014","value":"27207.0"},{"date":"Wed Apr 30 00:00:00 EDT 2014","value":"26303.0"},{"date":"Mon Mar 31 00:00:00 EDT 2014","value":"27117.0"},{"date":"Fri Feb 28 00:00:00 EST 2014","value":"28013.0"},{"date":"Fri Jan 31 00:00:00 EST 2014","value":"26270.0"},{"date":"Tue Dec 31 00:00:00 EST 2013","value":"25277.0"},{"date":"Sat Nov 30 00:00:00 EST 2013","value":"24739.0"},{"date":"Thu Oct 31 00:00:00 EDT 2013","value":"23420.0"},{"date":"Mon Sep 30 00:00:00 EDT 2013","value":"22614.0"},{"date":"Sat Aug 31 00:00:00 EDT 2013","value":"21702.0"},{"date":"Wed Jul 31 00:00:00 EDT 2013","value":"22125.0"},{"date":"Sun Jun 30 00:00:00 EDT 2013","value":"20521.0"},{"date":"Fri May 31 00:00:00 EDT 2013","value":"20708.0"},{"date":"Tue Apr 30 00:00:00 EDT 2013","value":"20277.0"},{"date":"Sun Mar 31 00:00:00 EDT 2013","value":"19552.0"},{"date":"Thu Feb 28 00:00:00 EST 2013","value":"18388.0"},{"date":"Thu Jan 31 00:00:00 EST 2013","value":"18168.0"},{"date":"Mon Dec 31 00:00:00 EST 2012","value":"16857.0"},{"date":"Fri Nov 30 00:00:00 EST 2012","value":"16832.0"},{"date":"Wed Oct 31 00:00:00 EDT 2012","value":"16735.0"},{"date":"Sun Sep 30 00:00:00 EDT 2012","value":"17125.0"},{"date":"Fri Aug 31 00:00:00 EDT 2012","value":"16376.0"},{"date":"Tue Jul 31 00:00:00 EDT 2012","value":"16254.0"},{"date":"Sat Jun 30 00:00:00 EDT 2012","value":"16311.0"},{"date":"Thu May 31 00:00:00 EDT 2012","value":"15497.0"},{"date":"Mon Apr 30 00:00:00 EDT 2012","value":"16042.0"},{"date":"Sat Mar 31 00:00:00 EDT 2012","value":"16075.0"},{"date":"Wed Feb 29 00:00:00 EST 2012","value":"15285.0"},{"date":"Tue Jan 31 00:00:00 EST 2012","value":"15033.0"},{"date":"Sat Dec 31 00:00:00 EST 2011","value":"14031.0"},{"date":"Wed Nov 30 00:00:00 EST 2011","value":"13836.0"},{"date":"Mon Oct 31 00:00:00 EDT 2011","value":"13925.0"},{"date":"Fri Sep 30 00:00:00 EDT 2011","value":"13070.0"},{"date":"Wed Aug 31 00:00:00 EDT 2011","value":"13941.0"},{"date":"Sun Jul 31 00:00:00 EDT 2011","value":"14593.0"},{"date":"Thu Jun 30 00:00:00 EDT 2011","value":"15350.0"},{"date":"Tue May 31 00:00:00 EDT 2011","value":"15578.0"},{"date":"Sat Apr 30 00:00:00 EDT 2011","value":"14992.0"},{"date":"Thu Mar 31 00:00:00 EDT 2011","value":"14088.0"},{"date":"Mon Feb 28 00:00:00 EST 2011","value":"13656.0"},{"date":"Mon Jan 31 00:00:00 EST 2011","value":"13274.0"},{"date":"Fri Dec 31 00:00:00 EST 2010","value":"12989.0"},{"date":"Tue Nov 30 00:00:00 EST 2010","value":"12264.0"},{"date":"Sun Oct 31 00:00:00 EDT 2010","value":"12573.0"},{"date":"Thu Sep 30 00:00:00 EDT 2010","value":"12394.0"},{"date":"Tue Aug 31 00:00:00 EDT 2010","value":"11181.0"},{"date":"Sat Jul 31 00:00:00 EDT 2010","value":"11555.0"},{"date":"Wed Jun 30 00:00:00 EDT 2010","value":"11393.0"},{"date":"Mon May 31 00:00:00 EDT 2010","value":"11873.0"},{"date":"Fri Apr 30 00:00:00 EDT 2010","value":"12622.0"},{"date":"Wed Mar 31 00:00:00 EDT 2010","value":"13127.0"},{"date":"Sun Feb 28 00:00:00 EST 2010","value":"12402.0"},{"date":"Sun Jan 31 00:00:00 EST 2010","value":"12410.0"},{"date":"Thu Dec 31 00:00:00 EST 2009","value":"12174.0"},{"date":"Mon Nov 30 00:00:00 EST 2009","value":"11735.0"},{"date":"Sat Oct 31 00:00:00 EDT 2009","value":"10774.0"},{"date":"Wed Sep 30 00:00:00 EDT 2009","value":"11384.0"},{"date":"Mon Aug 31 00:00:00 EDT 2009","value":"11116.0"},{"date":"Fri Jul 31 00:00:00 EDT 2009","value":"10692.0"},{"date":"Tue Jun 30 00:00:00 EDT 2009","value":"10090.0"},{"date":"Sun May 31 00:00:00 EDT 2009","value":"9902.0"},{"date":"Thu Apr 30 00:00:00 EDT 2009","value":"9178.0"},{"date":"Tue Mar 31 00:00:00 EDT 2009","value":"9072.0"},{"date":"Sat Feb 28 00:00:00 EST 2009","value":"8624.0"},{"date":"Sat Jan 31 00:00:00 EST 2009","value":"9805.0"},{"date":"Wed Dec 31 00:00:00 EST 2008","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 4/3/18¹

Calendar Year Returns (%)
	Fund	Benchmark	Peergroup
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	12/31/2018
Net Assets	$1.3 billion
# of Holdings	118
% in Equities	99
% in Foreign Equities	15
Beta (3 year)	1.11
R Squared (3 year)	0.89
Standard Deviation	16.66%
Turnover (12/31/2018)	29%
Active Share	58%

Holdings Characteristics
(as of 12/31/2018)
	Fund	S&P Composite 1500 Health Care Index
Price/Earnings	41.1x	15.0x
Price/Book	4.0x	4.3x
EPS Growth Rate	17.8%	11.0%
Return on Equity	-0.4%	20.7%
Asset Weighted Market Cap (billions)	$58.0	$126.4
Median Market Cap (billions)	$4.1	$3.8

Return Characteristics
(as of 12/31/2018)
	Fund
Alpha (5 Year)	-2.92
Down Capture (5 Year)	119.40
Information Ratio (5 Year)	-0.35
Sharpe Ratio (5 Year)	0.60
Up Capture (5 Year)	102.41

Market Cap Distribution %
(as of 12/31/2018)
Less than $2 billion	15
$2 billion - $5 billion	8
$5 billion - $10 billion	8
Greater than $10 billion	69
Not Classified	0

Regional Exposure (%)

12/31/2018
9/30/2018

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

(as of 9/30/2018)
label	value
North America	88
Europe	7
Japan	4
Middle East/Developed	1
Emerging Markets	0

Top Ten Holdings (%)

12/31/2018
9/30/2018

(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

(as of 9/30/2018)
label	percentageholding
UnitedHealth Group, Inc.	6.15
Medtronic plc	3.97
Abbott Laboratories	3.93
Bristol-Myers Squibb Co.	3.82
Boston Scientific Corp.	3.46
Allergan plc	3.19
Eli Lilly & Co.	2.88
Thermo Fisher Scientific, Inc.	2.82
Anthem, Inc.	2.58
HCA Healthcare, Inc.	2.50
Total Portfolio %	35.30

PDF Full Portfolio Holdings

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

Subsector Exposure

12/31/2018
9/30/2018

(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

(as of 9/30/2018)
label	currentpercentage
Medical Technology	26
Health Care Services	23
Biopharma Large Cap	21
Biopharma Mid Cap	19
Biopharma Small Cap	11

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

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.

2019 Outlooks (Schroders)

Fri Dec 21 14:06:00 EST 2018

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

2019 Outlooks (Wellington)

Fri Dec 21 14:06:00 EST 2018

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

Literature

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. • 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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