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Domestic Equity fund

Hartford MidCap Fund    Share Class - I (HFMIX)


Objective

Seeks long-term growth of capital.

Overview

A mid-cap fund that seeks to invest in “blue-chip” companies that are industry leaders


Style Purity

The Fund strives for style purity, with a majority of the Fund invested in mid-cap companies with a market capitalization between $2 billion and $10 billion.

“Blue-Chip” Mid-Cap Companies

The Fund focuses on blue-chip mid-cap companies that the Fund’s management believes are strong industry leaders with strong balance sheets and/or superior management teams.

The Equity Sweet Spot

Based on the market-cap life cycle, mid-cap companies may offer investors the potential for more growth than large-cap companies and less volatility than small-cap companies.

Portfolio Management
Senior Managing Director
Equity Portfolio Manager
11
YRS
MANAGING THIS FUND
17
YRS
AT WELLINGTON MANAGEMENT
28
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Equity Portfolio Manager
11
YRS
MANAGING THIS FUND
17
YRS
AT WELLINGTON MANAGEMENT
22
YRS
EXPERIENCE IN THIS INDUSTRY

The portfolio managers are supported by the full resources of Wellington.

FUND PROCESS VIDEO
Hartford MidCap Fund Process Video


Philip Ruedi, CFA

Managing Director, Equity Portfolio Manager

Philip Ruedi video

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 8/31/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 8/31/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford MidCap I 9.35 32.58 13.75 16.98 15.81 13.00
Benchmark 20.30 44.77 12.18 13.74 13.90 ---
Morningstar Mid-Cap Growth Category 14.78 37.21 19.77 19.95 15.82 ---
 
CUMULATIVE %
(as of 6/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford MidCap I 8.31 42.76 15.65 17.51 14.04 13.06
Benchmark 17.60 53.24 13.17 14.29 12.40 ---
Morningstar Mid-Cap Growth Category 10.80 48.17 21.26 20.18 14.07 ---

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: 12/31/1997

Share Class Inception: 2/27/09.
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 12/31/97.

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

Characteristics

FUND ESSENTIALS
Inception Date 12/31/1997
Net Assets $15.0 billion
Gross Operating Expenses 0.88%
Net Operating Expenses 0.87%
Morningstar Category Mid-Cap Growth
Lipper Classification Small-Cap Growth Funds
CUSIP 41664M870
Fund Number 1562
FUND STATS
# of Holdings
101
% in Equities
100
% in Foreign Equities
2
Beta (3 year)
0.94
R Squared (3 year)
0.94
Standard Deviation
23.01%
Turnover- (6/30/2021)
32%
Active Share
86%
Holdings Characteristics
FUND S&P MidCap 400 Index
Price/Earnings
23.2x 16.8x
Price/Book
3.5x 2.9x
EPS Growth Rate
16.7% 17.3%
Asset Weighted Market Cap (billions)
$10.0 $7.8
Return on Equity
13.6% 16.3%
Median Market Cap (billions)
$8.3 $5.8
Top Ten Holdings (%)
F5 Networks, Inc. 2.29
Genpact Ltd. 2.26
II-VI, Inc. 2.15
Ingersoll Rand, Inc. 2.13
Hill-Rom Holdings, Inc. 2.03
WEX, Inc. 1.96
CommScope Holding Co., Inc. 1.78
NVR, Inc. 1.78
First Solar, Inc. 1.75
YETI Holdings, Inc. 1.72
Total Portfolio % 19.85
II-VI, Inc. 2.24
Ingersoll Rand, Inc. 2.13
F5 Networks, Inc. 2.07
Genpact Ltd. 2.06
WEX, Inc. 2.01
CommScope Holding Co., Inc. 1.87
Etsy, Inc. 1.85
First Solar, Inc. 1.84
NVR, Inc. 1.70
MKS Instruments, Inc. 1.69
Total Portfolio % 19.46
Market Cap Distribution (%)

Market Cap Header3

Less than $2 billion 0
$2 billion - $5 billion 13
$5 billion - $10 billion 56
Greater than $10 billion 30
Not Classified 0
RETURN CHARACTERISTICS
Alpha (5 Year)
3.75
Down Capture (5 Year)
76.90
Information Ratio (5 Year)
0.67
Sharpe Ratio (5 Year)
0.88
Up Capture (5 Year)
96.18
Sector Exposure (%)

Exposure Chart Header

FUND
BENCHMARK UNDERWEIGHT / OVERWEIGHT

Exposure Chart Header2

6/30/21 7/31/21 7/31/21 -11 0 11
Information Technology 26 26 15
Health Care 20 20 11
Communication Services 3 3 2
Utilities 3 3 3
Consumer Staples 2 2 3
Energy 0 0 2
Industrials 15 15 18
Financials 11 11 15
Consumer Discretionary 11 11 15
Real Estate 6 6 10
Materials 3 3 7
Based on Global Industry Classification Standard (GICS), which was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. (S&P). Excludes cash. May not total to 100% due to rounding and/or pooled vehicle allocations.
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
12/30/2020 35.22 $0.0000 $0.0000 $0.0000 $0.0000
12/11/2020 34.09 $0.0000 $0.0000 $3.9626 $3.9626
Past distributions are not indicative of future distributions.

Fund Literature


07/22/2021 - PDF (165 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2021 - PDF (621 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
06/30/2021 - PDF (167 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the fund.
07/28/2021 - PDF (479 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 (142 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
06/30/2021 - PDF (446 KB)
This Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.
PDF (3 KB)
An unaudited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
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 (3 KB)
An audited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
Morningstars take on Hartford MidCap Fund.
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. • Mid-cap securities can have greater risks and volatility than large-cap securities. • To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur. • Integration of environmental, social, and/or governance (ESG) factors into the investment process may not work as intended.

 

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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, ETF or closed-end interval fund prospectus or summary prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds and the closed-end interval fund are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA/SIPC. Exchange-traded products 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. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain funds. Hartford Funds refers to Hartford Funds Management Group, Inc. and its subsidiaries, including HFD, HFMC, and Lattice, 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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