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Multi-Strategy fund

Hartford AARP Balanced Retirement Fund   

Multi-Strategy fund

Hartford AARP Balanced Retirement Fund   
Share Class - I (HAFIX)

The Fund will reorganize into Hartford Conservative Allocation Fund effective after the close of business on 10/25/24. The Fund is currently closed to new investors. Please refer to the prospectus supplement dated 6/20/24 for more information. Dates are subject to change.

Objective

Seeks long-term total return while seeking to mitigate downside risk.

Overview

A strategy designed to support spending needs and purchasing power for investors nearing or in retirement by providing total real return, while also seeking to mitigate the risk of loss in declining markets

Portfolio Management
Managing Director
Portfolio Manager
4
YRS
MANAGING THIS FUND
9
YRS
AT WELLINGTON MANAGEMENT
21
YRS
EXPERIENCE IN THIS INDUSTRY

The portfolio manager is supported by the full resources of Wellington.

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 8/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 8/31/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford AARP Balanced Retirement I 5.97 10.94 1.25 3.69 3.48 3.70
Benchmark 6.83 11.99 0.35 3.71 3.94 ---
Morningstar Moderately Conservative Allocation Category 8.10 13.17 1.43 4.96 4.38 ---
 
CUMULATIVE %
(as of 6/30/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford AARP Balanced Retirement I 0.78 5.07 0.11 2.73 2.99 3.25
Benchmark 2.80 7.49 -0.40 3.19 3.63 ---
Morningstar Moderately Conservative Allocation Category 4.05 9.14 0.70 4.25 4.06 ---

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.

SI = Since Inception. Fund Inception: 04/30/2014

Returns prior to 7/10/19 reflect the Fund's performance when it pursued a different objective and principal investment strategy.

Characteristics

FUND ESSENTIALS
Inception Date 04/30/2014
Net Assets $61 million
Total Operating Expenses 0.80%
Morningstar Category Moderately Conservative Allocation
Lipper Classification Mixed-Asset Target Alloc Consv Funds
CUSIP 41664R424
Fund Number 1906
FUND STATS
Dividend Frequency
Annually
Yields (%) (as of 8/31/24)
30-Day SEC Yield
2.70
Unsubsidized 30-Day SEC Yield
2.70
Fixed-Income Holdings Characteristics
Yield to Worst (%)
4.81%
Effective Duration
6.42 yrs
# of Fixed-Income Issuers
240
Strategy Weights (%)
Core Plus 48
Global Dividend Growth 30
Natural Resource Equities 9
World Bond 9
Real Estate 4
Equity Other 0
Opportunistic Fixed Income 0
Multifactor US Equity 0
Enduring Assets 0
High Yield 0
Fixed Income Other 0
Other 0
Multifactor Emerging Markets 0
Multifactor Developed Markets ex US 0
Opportunistic Inflation Sensitive Bond 0
Cash and Cash Equivalents 0
Top Ten Equity Holdings (%)
Apple, Inc. 1.22
Microsoft Corp. 1.15
Exxon Mobil Corp. 0.95
Visa, Inc. 0.94
Stryker Corp. 0.89
UnitedHealth Group, Inc. 0.87
Texas Instruments, Inc. 0.87
Linde PLC 0.84
Zoetis, Inc. 0.82
Heineken NV 0.80
Total Portfolio % 9.35
Top Ten Fixed Income Issuers (%)
U.S. Treasury Notes 12.10
The Hartford World Bond Fund 9.40
U.S. Treasury Bonds 4.18
Federal National Mortgage Association 4.12
Federal Home Loan Mortgage Corp. 4.11
Bank of America Corp. 0.45
JP Morgan Chase & Co. 0.42
HCA, Inc. 0.39
Chicago Transit Auth Sales Tax Receipts Fund, IL, Rev 0.36
Wells Fargo & Co. 0.30
Total Portfolio % 35.83
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
6/26/2024 8.95 $0.0187 $0.0000 $0.0000 $0.0187
5/29/2024 8.85 $0.0219 $0.0000 $0.0000 $0.0219
4/26/2024 8.81 $0.0267 $0.0000 $0.0000 $0.0267
3/26/2024 8.96 $0.0224 $0.0000 $0.0000 $0.0224
2/27/2024 8.91 $0.0169 $0.0000 $0.0000 $0.0169
1/29/2024 8.93 $0.0123 $0.0000 $0.0000 $0.0123
12/27/2023 9.00 $0.0306 $0.0000 $0.0000 $0.0306
12/15/2023 8.89 $0.0000 $0.0000 $0.0000 $0.0000
11/29/2023 8.67 $0.0189 $0.0000 $0.0000 $0.0189
10/30/2023 8.27 $0.0217 $0.0000 $0.0000 $0.0217
9/27/2023 8.41 $0.0208 $0.0000 $0.0000 $0.0208
Past distributions are not indicative of future distributions.

Fund Literature


06/30/2024 - PDF (170 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2024 - PDF (194 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
PDF (169 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
A semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
PDF (13 KB)
A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.
An annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
PDF (13 KB)
A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.
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. The Fund's strategy for allocating assets to specialist portfolio managers, and among different asset classes, may not work as intended. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • Loans can be difficult to value and less liquid than other types of debt instruments; they are also subject to nonpayment, collateral, bankruptcy, default, extension, prepayment and insolvency risks. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • Foreign investments, including foreign government debt, may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political, economic and regulatory developments. These risks may be greater, and include additional risks, for investments in emerging markets. • Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, regulatory and counterparty risk. • Mortgage-related and asset-backed securities' risks include credit, interest-rate, prepayment, and extension risk. • Restricted securities may be more difficult to sell and price than other securities. • For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. • Investments in securities of other investment companies includes the risks that apply to such other investment companies' strategies and holdings. • Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. • The purchase of securities in the To-Be-Announced (TBA) market can result in higher portfolio turnover and related expenses as well as price and counterparty risk.

BLOOMBERG® and any Bloomberg Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the indices (collectively, "Bloomberg") and have been licensed for use for certain purposes by Hartford Funds. Bloomberg is not affiliated with Hartford Funds, and Bloomberg does not approve, endorse, review, or recommend any Hartford Funds product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to Hartford Funds products.

The blended returns are calculated by Hartford Funds and include, among other index provider data, end of day index level values licensed from MSCI ("MSCI Data"). For the avoidance of doubt, MSCI is not the benchmark "administrator" for, or a "contributor", "submitter" or "supervised contributor" to, the blended returns, and the MSCI Data is not considered a "contribution" or "submission" in relation to the blended returns, as those terms may be defined in any rules, laws, regulations, legislation or international standards. MSCI Data is provided "AS IS" without warranty or liability and no copying or distribution is permitted. MSCI does not make any representation regarding the advisability of any investment or strategy and does not sponsor, promote, issue, sell or otherwise recommend or endorse any investment or strategy, including any financial products or strategies based on, tracking or otherwise utilizing any MSCI Data, models, analytics or other materials or information.

AARP and the AARP Logo are registered trademarks of AARP used under license by Hartford Funds and a royalty is paid to AARP. All trademarks or service marks are the property of their respective owners. AARP and Hartford Funds are not affiliated.

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