Hartford MidCap Value Fund

Finding Value in Mid-Caps

Seeks to benefit from misunderstood, undervalued, or under-researched stocks

Why Mid-Cap Value?

Seeks value in opportunities that fall between volatile small caps and ubiquitous large caps

Sub-advised by Wellington

Wellington prioritizes independent thought and collaboration across all major asset classes

Objective: Seeks long-term capital appreciation.

Portfolio Management

Gregory J. Garabedian

Senior Managing Director

Equity Portfolio Manager

8

YRS

MANAGING THIS FUND

20

YRS

AT WELLINGTON MANAGEMENT

29

YRS

EXPERIENCE IN THIS INDUSTRY

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

Performance

PERFORMANCE %

Hartford MidCap Value Y	4.91	5.27	8.63	10.83	10.12	8.81
	CUMULATIVE % (as of 1/31/2026)			AVERAGE ANNUAL TOTAL RETURNS % (as of 1/31/2026)
	YTD	1YR	3YR	5YR	10YR	SI
Benchmark	4.28	11.87	10.94	10.80	10.87	---
Morningstar Mid-Cap Value Category	4.09	10.93	10.32	11.27	10.84	---

Hartford MidCap Value Y	4.55	4.55	10.52	9.81	8.68	8.63
	CUMULATIVE % (as of 12/31/2025)			AVERAGE ANNUAL TOTAL RETURNS % (as of 12/31/2025)
	YTD	1YR	3YR	5YR	10YR	SI
Benchmark	11.05	11.05	12.27	9.83	9.78	---
Morningstar Mid-Cap Value Category	10.24	10.24	11.65	10.57	9.73	---

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

Characteristics

FUND ESSENTIALS (as of 1/31/2026)

Inception Date	04/30/2001
Net Assets	$1.2 billion
Total Operating Expenses	0.87%
Morningstar Category	Mid-Cap Value
Lipper Classification	Mid-Cap Value Funds
CUSIP	416646875
Fund Number	1284

FUND STATS (as of 1/31/2026)

# of Holdings	84
% in Equities	99
% in Foreign Equities	2
Beta (3 year)	1.00
R Squared (3 year)	0.96
Standard Deviation	15.51%
Turnover	192%
Active Share	89%

Holdings Characteristics (as of 1/31/2026)

	FUND	Russell Midcap Value Index

Price/Earnings	15.9x	16.3x
Price/Book	2.3x	2.7x
EPS Growth Rate	15.6%	12.5%
Asset Weighted Market Cap (billions)	$22.0	$29.5
Return on Equity	20.1%	15.7%
Median Market Cap (billions)	$15.3	$12.4

Top Ten Holdings (%) (as of 1/31/2026)

L3Harris Technologies, Inc.	2.38
U.S. Foods Holding Corp.	2.10
XPO, Inc.	2.10
MKS, Inc.	2.03
M&T Bank Corp.	2.02
Dover Corp.	1.88
Pinnacle Financial Partners, Inc.	1.88
CACI International, Inc.	1.81
Ingersoll Rand, Inc.	1.80
Dick's Sporting Goods, Inc.	1.78
Total Portfolio %	19.78

Full Portfolio Holdings

Market Cap Distribution (%) (as of 1/31/2026)

Market Cap Header3
Less than $2 billion	1
$2 billion - $5 billion	9
$5 billion - $10 billion	12
Greater than $10 billion	77
Not Classified	1

RETURN CHARACTERISTICS (as of 1/31/26)

Alpha (5 Year)	0.14
Down Capture (5 Year)	97.84
Information Ratio (5 Year)	0.02
Sharpe Ratio (5 Year)	0.48
Up Capture (5 Year)	98.69

Sector Exposure (%)

Exposure Chart Header	FUND		BENCHMARK	UNDERWEIGHT / OVERWEIGHT
Exposure Chart Header2	12/31/25	1/31/26	1/31/26	-9 0 9
Industrials	23	27	18
Consumer Discretionary	11	10	8
Financials	19	16	16
Health Care	9	8	8
Materials	8	7	7
Consumer Staples	4	5	6
Communication Services	1	2	3
Real Estate	7	7	9
Energy	5	5	7
Utilities	7	5	7
Information Technology	6	6	11

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
12/29/2025	18.18	$0.1563	$0.0000	$0.0000	$0.1563
12/11/2025	18.54	$0.0000	$0.2112	$0.4033	$0.6145

Past distributions are not indicative of future distributions.

Insights

Equity

Which Equity Sectors Can Combat Higher Inflation?

Some investors are worried about inflation's impact on equities. We look at which equity sectors could prove to be the most resilient.

Global Macro Analysis

The Accidental Death of Diversification

The classic 60/40 portfolio is now more concentrated than ever, but true diversification can still be revived.

Global Investment Strategy

2026 Outlook: Elections, Earnings, and Global Stimulus Driving Returns

Supportive policies, earnings growth, and shifting global dynamics set the stage for both opportunity and volatility across markets in the year ahead.

Resources

Literature

Fact Sheet

Expanded Commentary

Commentary

Pitchbook

Quarterly Attribution Report

1 Year Attribution Report

Regulatory Documents

Summary Prospectus

Statutory Prospectus

Statement of Additional Information (SAI)

Financial Statements and Other Information – Semi-Annual

Financial Statements and Other Information – Annual

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. • Value investing style may go in and out of favor, which may cause the Fund to underperform other equity funds that use different investment styles. • 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. • The Fund may have high portfolio turnover, which could increase its transaction costs and an investor's tax liability.

4775508

Domestic Equity fund

Domestic Equity fund