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Multi-Strategy fund

Hartford AARP Balanced Retirement Fund   

Multi-Strategy fund

Hartford AARP Balanced Retirement Fund   
Share Class - R4 (HAFSX)

The Fund will reorganize into Hartford Conservative Allocation Fund effective after the close of business on 10/25/24. The classes of the Fund that are currently open (Classes R5, R6, Y and F shares) will close to new investors on 7/19/24. Please refer to the prospectus supplement dated 6/20/24 for more information. Dates are subject to change.

Effective 5/31/19, Classes A, C, I, R3, and R4 closed to new investors. Please see the Fund's prospectus for additional information.

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
3
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 5/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 5/31/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford AARP Balanced Retirement R4 0.47 6.02 -0.07 3.05 2.96 3.07
Benchmark 1.45 7.66 -0.55 3.50 3.55 ---
Morningstar Moderately Conservative Allocation Category 3.01 10.60 0.58 4.68 4.08 ---
 
CUMULATIVE %
(as of 3/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 3/31/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford AARP Balanced Retirement R4 1.09 4.35 1.35 3.20 --- 3.18
Benchmark 1.87 7.86 0.44 3.69 --- ---
Morningstar Moderately Conservative Allocation Category 3.24 10.10 1.76 4.65 --- ---

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 $62 million
Total Operating Expenses 1.11%
Morningstar Category Moderately Conservative Allocation
Lipper Classification Mixed-Asset Target Alloc Consv Funds
CUSIP 41664R390
Fund Number 1909
FUND STATS
Dividend Frequency
Monthly
Yields (%) (as of 5/31/24)
30-Day SEC Yield
2.70
Unsubsidized 30-Day SEC Yield
2.70
Fixed-Income Holdings Characteristics
Yield to Worst (%)
5.57%
Effective Duration
6.39 yrs
# of Fixed-Income Issuers
287
Strategy Weights (%)
Core Plus 48
Global Dividend Growth 30
Natural Resource Equities 10
World Bond 10
Equity Other 7
Real Estate 3
Other 0
Opportunistic Fixed Income 0
Opportunistic Inflation Sensitive Bond 0
Multifactor Developed Markets ex US 0
Multifactor US Equity 0
Multifactor Emerging Markets 0
Enduring Assets 0
High Yield 0
Fixed Income Other 0
Cash and Cash Equivalents -1
Top Ten Equity Holdings (%)
Microsoft Corp. 1.25
Visa, Inc. 1.01
Merck KGaA 0.92
Exxon Mobil Corp. 0.90
Canadian National Railway Co. 0.87
Stryker Corp. 0.86
Texas Instruments, Inc. 0.86
Heineken NV 0.85
Danaher Corp. 0.84
Linde PLC 0.83
Total Portfolio % 9.19
Top Ten Fixed Income Issuers (%)
U.S. Treasury Notes 10.33
The Hartford World Bond Fund 9.58
Federal National Mortgage Association 3.40
Federal Home Loan Mortgage Corp. 2.90
U.S. Treasury Bonds 2.73
Madison Park Funding XXXI Ltd. 0.81
Starwood Trust 0.48
Bank of America Corp. 0.42
AGL CLO 25 Ltd. 0.41
Bain Capital Credit CLO Ltd. 0.41
Total Portfolio % 31.47
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
5/29/2024 8.82 $0.0201 $0.0000 $0.0000 $0.0201
4/26/2024 8.78 $0.0247 $0.0000 $0.0000 $0.0247
3/26/2024 8.94 $0.0206 $0.0000 $0.0000 $0.0206
2/27/2024 8.88 $0.0151 $0.0000 $0.0000 $0.0151
1/29/2024 8.90 $0.0110 $0.0000 $0.0000 $0.0110
12/27/2023 8.98 $0.0284 $0.0000 $0.0000 $0.0284
12/15/2023 8.86 $0.0000 $0.0000 $0.0000 $0.0000
11/29/2023 8.65 $0.0171 $0.0000 $0.0000 $0.0171
10/30/2023 8.25 $0.0199 $0.0000 $0.0000 $0.0199
9/27/2023 8.39 $0.0190 $0.0000 $0.0000 $0.0190
8/29/2023 8.65 $0.0161 $0.0000 $0.0000 $0.0161
7/28/2023 8.81 $0.0351 $0.0000 $0.0000 $0.0351
6/28/2023 8.71 $0.0150 $0.0000 $0.0000 $0.0150
Past distributions are not indicative of future distributions.

Fund Literature


03/31/2024 - PDF (172 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance
03/31/2024 - PDF (189 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.
03/31/2024 - PDF (428 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, and general portfolio parameters.
PDF (2 KB)
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.
PDF (13 KB)
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 Fund 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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The material on this site is for informational and educational purposes only. The material should not be considered tax or legal advice and is not to be relied on as a forecast. The material is also not a recommendation or advice regarding any particular security, strategy or product. Hartford Funds does not represent that any products or strategies discussed are appropriate for any particular investor so investors should seek their own professional advice before investing. Hartford Funds does not serve as a fiduciary. Content is current as of the publication date or date indicated, and may be superseded by subsequent market and economic conditions.

Investing involves risk, including the possible loss of principal. Investors should carefully consider a fund's investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund, or ETF summary prospectus and/or prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA|SIPC. ETFs are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, Lattice, and HFMC, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

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