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Domestic Equity fund

Hartford MidCap Value Fund   

Domestic Equity fund

Hartford MidCap Value Fund   
Share Class - R6 (HMVUX)

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 11/30/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 11/30/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford MidCap Value R6 19.65 28.89 11.27 11.44 8.94 8.98
Benchmark 22.00 31.50 8.73 10.92 9.01 ---
 
CUMULATIVE %
(as of 9/30/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 9/30/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford MidCap Value R6 13.68 27.05 10.27 11.30 8.82 8.81
Benchmark 15.08 29.01 7.39 10.33 8.93 ---

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

Share Class Inception:6/22/22.
Class R6 prior to 6/23/22 reflects Class F-shares performance and operating expenses, prior to 2/28/17 reflects Class I-shares performance and operating expenses, and, prior to 5/28/10 the performance and operating expenses of Class A-shares (excluding sales charges). Performance for Class R6-shares prior to its inception date would have differed if Class R6- operating expenses had been reflected. Since Inception (SI) performance is calculated from 4/30/01.

The Fund’s Class R6 shares have not been in operation for 10 years. Therefore, the Calendar Year Returns (R6 Shares) chart includes performance and operating expenses of another class. For more information, see the prospectus.

Characteristics

FUND ESSENTIALS
Inception Date 04/30/2001
Net Assets $1.1 billion
Total Operating Expenses 0.77%
Morningstar Category Mid-Cap Value
Lipper Classification Mid-Cap Value Funds
CUSIP 41665K287
Fund Number 3180
FUND STATS
# of Holdings
80
% in Equities
98
% in Foreign Equities
3
Beta (3 year)
0.99
R Squared (3 year)
0.97
Standard Deviation
19.68%
Turnover
84%
Active Share
88%
Holdings Characteristics
FUND Russell Midcap Value Index
Price/Earnings
13.3x 14.8x
Price/Book
2.2x 2.6x
EPS Growth Rate
11.3% 10.8%
Asset Weighted Market Cap (billions)
$21.1 $25.4
Return on Equity
14.5% 16.1%
Median Market Cap (billions)
$13.7 $11.1
Top Ten Holdings (%)
L3Harris Technologies, Inc. 2.10
EQT Corp. 1.98
Dover Corp. 1.96
Nasdaq, Inc. 1.94
PPL Corp. 1.86
WEC Energy Group, Inc. 1.85
Reliance, Inc. 1.84
U.S. Foods Holding Corp. 1.84
Allstate Corp. 1.78
Delta Air Lines, Inc. 1.74
Total Portfolio % 18.89
Market Cap Distribution (%)

Market Cap Header3

Less than $2 billion 2
$2 billion - $5 billion 11
$5 billion - $10 billion 20
Greater than $10 billion 68
Not Classified 0
RETURN CHARACTERISTICS
Alpha (5 Year)
0.92
Down Capture (5 Year)
95.30
Information Ratio (5 Year)
0.24
Sharpe Ratio (5 Year)
0.49
Up Capture (5 Year)
98.78
Sector Exposure (%)

Exposure Chart Header

FUND
BENCHMARK UNDERWEIGHT / OVERWEIGHT

Exposure Chart Header2

9/30/24 10/31/24 10/31/24 -4 0 4
Financials 20 21 17
Utilities 7 10 7
Industrials 18 19 17
Consumer Discretionary 10 9 9
Health Care 8 9 9
Energy 6 6 6
Communication Services 3 3 3
Materials 7 6 7
Real Estate 9 7 10
Information Technology 8 6 9
Consumer Staples 3 3 6
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 16.19 $0.1613 $0.0000 $0.0000 $0.1613
12/11/2023 15.54 $0.0000 $0.5721 $0.4423 $1.0144
Past distributions are not indicative of future distributions.

Fund Literature


09/30/2024 - PDF (298 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
09/30/2024 - PDF (291 KB)
This flyer highlights how mid-cap value stocks have historically performed.
09/30/2024 - 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.
09/30/2024 - PDF (283 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
09/30/2024 - PDF (172 KB)
Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.
09/30/2024 - 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.
09/30/2024 - PDF (527 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, and general portfolio parameters.
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.
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.
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