• Products
  • Insights
  • Practice Management
  • Resources
  • About Us

Domestic Equity fund

Hartford MidCap Value Fund   

Domestic Equity fund

Hartford MidCap Value Fund   
Share Class - C (HMVCX)

Objective

Seeks long-term capital appreciation.

Overview

A mid-cap fund that seeks deeply discounted companies with temporary or cyclical issues in which the upside potential is overlooked.

Portfolio Management
Senior Managing Director
Equity Portfolio Manager
7
YRS
MANAGING THIS FUND
18
YRS
AT WELLINGTON MANAGEMENT
27
YRS
EXPERIENCE IN THIS INDUSTRY
Managing Director
Equity Research Analyst
0
YRS
MANAGING THIS FUND
5
YRS
AT WELLINGTON MANAGEMENT
24
YRS
EXPERIENCE IN THIS INDUSTRY

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

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 2/29/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 2/29/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford MidCap Value C 1.66 8.07 8.20 8.55 6.34 7.48
With 1.0% CDSC --- 7.08 8.20 8.55 6.34 7.48
Benchmark 2.90 10.87 6.80 8.94 8.19 ---
Morningstar Mid-Cap Value Category 2.17 10.54 8.32 9.32 7.80 ---
 
CUMULATIVE %
(as of 12/31/2023)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 12/31/2023)
YTD 1YR 3YR 5YR 10YR SI
Hartford MidCap Value C 14.87 14.87 9.95 11.32 6.56 7.45
With 1.0% CDSC --- 13.87 9.95 11.32 6.56 7.45
Benchmark 12.71 12.71 8.36 11.16 8.26 ---
Morningstar Mid-Cap Value Category 13.94 13.94 10.44 11.76 7.70 ---

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: 04/30/2001

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

Characteristics

FUND ESSENTIALS
Inception Date 04/30/2001
Net Assets $1.0 billion
Total Operating Expenses 1.94%
Morningstar Category Mid-Cap Value
Lipper Classification Mid-Cap Value Funds
CUSIP 416646305
Fund Number 1283
FUND STATS
# of Holdings
75
% in Equities
99
% in Foreign Equities
5
Beta (3 year)
0.99
R Squared (3 year)
0.97
Standard Deviation
19.35%
Turnover- (12/31/2023)
83%
Active Share
89%
Holdings Characteristics
FUND Russell Midcap Value Index
Price/Earnings
12.9x 15.1x
Price/Book
1.9x 2.4x
EPS Growth Rate
14.8% 10.3%
Asset Weighted Market Cap (billions)
$17.1 $24.8
Return on Equity
12.7% 14.3%
Median Market Cap (billions)
$11.7 $10.4
Top Ten Holdings (%)
M&T Bank Corp. 2.60
Kemper Corp. 2.17
Diamondback Energy, Inc. 2.07
Allstate Corp. 2.00
Gentex Corp. 1.94
Everest Group Ltd. 1.88
U.S. Foods Holding Corp. 1.83
Dover Corp. 1.81
Lennar Corp. 1.81
Knight-Swift Transportation Holdings, Inc. 1.80
Total Portfolio % 19.91
Market Cap Distribution (%)

Market Cap Header3

Less than $2 billion 1
$2 billion - $5 billion 15
$5 billion - $10 billion 20
Greater than $10 billion 64
Not Classified 0
RETURN CHARACTERISTICS
Alpha (5 Year)
0.85
Down Capture (5 Year)
95.04
Information Ratio (5 Year)
0.21
Sharpe Ratio (5 Year)
0.44
Up Capture (5 Year)
98.31
Sector Exposure (%)

Exposure Chart Header

FUND
BENCHMARK UNDERWEIGHT / OVERWEIGHT

Exposure Chart Header2

12/31/23 2/29/24 2/29/24 -3 0 3
Financials 20 20 18
Consumer Discretionary 11 11 9
Energy 5 7 5
Information Technology 10 9 9
Utilities 6 7 7
Health Care 9 7 7
Consumer Staples 5 4 4
Industrials 16 19 20
Communication Services 3 2 3
Materials 7 6 8
Real Estate 8 7 10
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
12/27/2023 11.56 $0.0050 $0.0000 $0.0000 $0.0050
12/11/2023 11.00 $0.0000 $0.5721 $0.4423 $1.0144
Past distributions are not indicative of future distributions.

Insights

Fund Literature


12/31/2023 - PDF (255 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
12/31/2023 - PDF (166 KB)
This flyer highlights how mid-cap value stocks have historically performed.
12/31/2023 - PDF (135 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
12/31/2023 - PDF (172 KB)
Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.
09/30/2023 - PDF (172 KB)
Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.
PDF (155 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
12/31/2023 - PDF (532 KB)
This Pitchbook reviews the Fund's 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.
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. • Different investment styles may go in and out of favor, which may cause the Fund to underperform the broader stock market. • 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, economic and regulatory developments. • 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.
3392658

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.

© Copyright 2024 Hartford Funds Management Group, Inc. All Rights Reserved. Not FDIC Insured | No Bank Guarantee | May Lose Value