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Hartford Municipal Real Return Fund

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Objective

Seeks to provide current income exempt from federal income tax, and after-tax inflation adjusted total returns.

Overview

A municipal bond fund that seeks to provide after-tax inflation-adjusted returns by using an actively managed inflation hedge while providing income that is typically exempt from federal taxes.

Effective as of the close of business on 3/30/18, this Fund closed to new investors. If shareholders approve the reorganization, the Fund would merge into the Hartford Municipal Opportunities Fund on or about 7/16/18. Please refer to the prospectus supplement dated 3/1/18 for more information.

More About Municipal Real Return Fund 

Performance

Performance (%)
% (as of 5/31/2018)
Average Annual Total Returns % (as of 5/31/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Real Return  I 0.17 2.37 2.78 2.34 2.49 3.05
Benchmark -0.25 0.45 2.23 2.38 3.78 ---
Morningstar Muni National Intermediate Category -0.41 0.66 2.10 2.03 3.42 ---
Performance (%)
% (as of 3/31/2018)
Average Annual Total Returns % (as of 3/31/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Real Return  I -0.55 2.25 2.46 1.88 2.67 3.04
Benchmark -0.91 1.81 1.78 2.20 3.80 ---
Morningstar Muni National Intermediate Category -1.07 1.99 1.61 1.80 3.47 ---
SI = Since Inception. Fund Inception: 06/02/1986
Operating Expenses:   Net  0.45% |  Gross  0.51%

Share Class Inception: 5/31/07.
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 2/19/02.

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.

Growth of $10,000

(as of 5/31/2018)
[{"date":"2018/05/31","value":"12464"},{"date":"2018/04/30","value":"12382"},{"date":"2018/03/31","value":"12380"},{"date":"2018/02/28","value":"12366"},{"date":"2018/01/31","value":"12390"},{"date":"2017/12/31","value":"12457"},{"date":"2017/11/30","value":"12335"},{"date":"2017/10/31","value":"12375"},{"date":"2017/09/30","value":"12321"},{"date":"2017/08/31","value":"12320"},{"date":"2017/07/31","value":"12237"},{"date":"2017/06/30","value":"12155"},{"date":"2017/05/31","value":"12220"},{"date":"2017/04/30","value":"12140"},{"date":"2017/03/31","value":"12152"},{"date":"2017/02/28","value":"12086"},{"date":"2017/01/31","value":"12031"},{"date":"2016/12/31","value":"11939"},{"date":"2016/11/30","value":"11821"},{"date":"2016/10/31","value":"12132"},{"date":"2016/09/30","value":"12159"},{"date":"2016/08/31","value":"12118"},{"date":"2016/07/31","value":"12078"},{"date":"2016/06/30","value":"12074"},{"date":"2016/05/31","value":"11943"},{"date":"2016/04/30","value":"11954"},{"date":"2016/03/31","value":"11913"},{"date":"2016/02/29","value":"11783"},{"date":"2016/01/31","value":"11767"},{"date":"2015/12/31","value":"11739"},{"date":"2015/11/30","value":"11660"},{"date":"2015/10/31","value":"11606"},{"date":"2015/09/30","value":"11505"},{"date":"2015/08/31","value":"11540"},{"date":"2015/07/31","value":"11549"},{"date":"2015/06/30","value":"11584"},{"date":"2015/05/31","value":"11577"},{"date":"2015/04/30","value":"11649"},{"date":"2015/03/31","value":"11608"},{"date":"2015/02/28","value":"11680"},{"date":"2015/01/31","value":"11717"},{"date":"2014/12/31","value":"11566"},{"date":"2014/11/30","value":"11638"},{"date":"2014/10/31","value":"11697"},{"date":"2014/09/30","value":"11672"},{"date":"2014/08/31","value":"11743"},{"date":"2014/07/31","value":"11716"},{"date":"2014/06/30","value":"11687"},{"date":"2014/05/31","value":"11622"},{"date":"2014/04/30","value":"11437"},{"date":"2014/03/31","value":"11276"},{"date":"2014/02/28","value":"11306"},{"date":"2014/01/31","value":"11195"},{"date":"2013/12/31","value":"11059"},{"date":"2013/11/30","value":"11044"},{"date":"2013/10/31","value":"11091"},{"date":"2013/09/30","value":"11042"},{"date":"2013/08/31","value":"10862"},{"date":"2013/07/31","value":"10958"},{"date":"2013/06/30","value":"10945"},{"date":"2013/05/31","value":"11252"},{"date":"2013/04/30","value":"11443"},{"date":"2013/03/31","value":"11420"},{"date":"2013/02/28","value":"11432"},{"date":"2013/01/31","value":"11444"},{"date":"2012/12/31","value":"11397"},{"date":"2012/11/30","value":"11513"},{"date":"2012/10/31","value":"11353"},{"date":"2012/09/30","value":"11283"},{"date":"2012/08/31","value":"11190"},{"date":"2012/07/31","value":"11169"},{"date":"2012/06/30","value":"11018"},{"date":"2012/05/31","value":"11054"},{"date":"2012/04/30","value":"11041"},{"date":"2012/03/31","value":"10936"},{"date":"2012/02/29","value":"10988"},{"date":"2012/01/31","value":"10937"},{"date":"2011/12/31","value":"10525"},{"date":"2011/11/30","value":"10449"},{"date":"2011/10/31","value":"10428"},{"date":"2011/09/30","value":"10326"},{"date":"2011/08/31","value":"10315"},{"date":"2011/07/31","value":"10332"},{"date":"2011/06/30","value":"10237"},{"date":"2011/05/31","value":"10111"},{"date":"2011/04/30","value":"9993"},{"date":"2011/03/31","value":"9802"},{"date":"2011/02/28","value":"9840"},{"date":"2011/01/31","value":"9716"},{"date":"2010/12/31","value":"9827"},{"date":"2010/11/30","value":"10009"},{"date":"2010/10/31","value":"10296"},{"date":"2010/09/30","value":"10311"},{"date":"2010/08/31","value":"10284"},{"date":"2010/07/31","value":"10029"},{"date":"2010/06/30","value":"9917"},{"date":"2010/05/31","value":"9901"},{"date":"2010/04/30","value":"9827"},{"date":"2010/03/31","value":"9685"},{"date":"2010/02/28","value":"9668"},{"date":"2010/01/31","value":"9591"},{"date":"2009/12/31","value":"9527"},{"date":"2009/11/30","value":"9440"},{"date":"2009/10/31","value":"9422"},{"date":"2009/09/30","value":"9591"},{"date":"2009/08/31","value":"9083"},{"date":"2009/07/31","value":"8891"},{"date":"2009/06/30","value":"8766"},{"date":"2009/05/31","value":"8833"},{"date":"2009/04/30","value":"8634"},{"date":"2009/03/31","value":"8457"},{"date":"2009/02/28","value":"8438"},{"date":"2009/01/31","value":"8326"},{"date":"2008/12/31","value":"8120"},{"date":"2008/11/30","value":"8361"},{"date":"2008/10/31","value":"8527"},{"date":"2008/09/30","value":"9068"},{"date":"2008/08/31","value":"9963"},{"date":"2008/07/31","value":"9875"},{"date":"2008/06/30","value":"9922"},{"date":"2008/05/31","value":"10000"}]

 
Growth of $10,000

Reflects Class A, excluding sales charges. If sales charges and taxes had been included, the value would have been lower. Results for other classes will vary.

Calendar Year Returns (%)
Fund Benchmark
2017 4.59 4.33
2016 2.07 0.01
2015 1.64 2.83
2014 4.93 6.36
2013 -2.72 -1.05
2012 8.52 4.74
2011 7.35 8.80
2010 3.50 2.97
2009 17.62 8.88
2008 -18.84 2.48

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

Characteristics Holdings are subject to change. Percentages may be rounded.

Statistics
As of Date 5/31/2018
Net Assets $155 million
# of Holdings 231
Turnover (3/31/2018) 15%
Dividend Frequency Monthly
Holdings Characteristics
(as of 5/31/2018)
Fund
Effective Duration 4.71 yrs.
Hedge Ratio 87
Years To Worst 5.27 yrs.

Credit Exposure (%)

(as of 5/31/2018)
label value
Aaa/AAA 18.4
Aa/AA 25.7
A 32.6
Baa/BBB 10.6
Ba/BB 4.3
B 0.7
Caa/CCC or lower 0.2
Not Rated 6.0
Cash & Cash Offsets 1.5

Credit exposure is the credit ratings for the underlying securities of the Fund as provided by Standard and Poor's (S&P), Moody's Investors Service, or Fitch and typically range from AAA/Aaa (highest) to C/D (lowest). If S&P, Moody's, and Fitch assign different ratings, the median rating is used. If only two agencies assign ratings, the lower rating is used. Securities that are not rated by any of the three agencies are listed as "Not Rated." Ratings do not apply to the Fund itself or to Fund shares. Ratings may change.

Fund Essentials
Inception Date 06/02/1986
Symbol HTNIX
CUSIP 416641793
Fund Number 1605

Top Ten Issuers (%)

(as of 5/31/2018)
label percentageholding
New York State Dormitory Auth Rev 5.80
Illinois State Finance Auth Rev 3.60
Illinois State, GO 2.67
City of San Antonio, TX, Electric & Gas Systems Rev 1.68
Pittsburgh, PA, School Dist GO 1.63
Socorro, TX, ISD 1.53
Dayton, OH, City School Dist GO 1.51
FYI Properties, WA, Lease Rev 1.51
Illinois State Toll Highway Auth, Taxable Rev 1.46
Clifton, TX, Higher Education Finance Corp. 1.42
Total Portfolio % 22.81
(as of 3/31/2018)
label percentageholding
New York State Dormitory Auth Rev 5.41
Illinois State Finance Auth Rev 3.33
Illinois State, GO 2.48
Rhode Island Health & Educational Bldg Corp. 1.63
City of San Antonio, TX, Electric & Gas Systems Rev 1.56
Pittsburgh, PA, School Dist GO 1.52
FYI Properties, WA, Lease Rev 1.42
Socorro, TX, Independent School Dist 1.42
Dayton, OH, City School Dist GO 1.41
Illinois State Toll Highway Auth, Taxable Rev 1.36
Total Portfolio % 21.54

Revenue Sector Exposure (%)

(as of 5/31/2018)
label currentpercentage
Health Care 11.3
Prt,Airport & Marina 8.9
Sales Tax 5.2
Housing 1.6
Port Authority 0.7
Special Tax 6.8
Multiple Utilities 5.4
Tobacco 1.3
Lease 7.1
Transportation 6.4
Sewer & Water 5.2
Education 2.2
Industrial Development 0.3
Other 0.0
(as of 3/31/2018)
label currentpercentage
Health Care 12.3
Prt,Airport & Marina 8.4
Sales Tax 5.3
Housing 1.5
Port Authority 0.7
Special Tax 7.3
Multiple Utilities 5.0
Tobacco 0.8
Lease 7.4
Transportation 5.9
Sewer & Water 4.8
Education 2.0
Industrial Development 0.6
Other 0.0
Yields
As of Date 5/31/2018
Distribution Yield at NAV 2.98%
Trailing 12 Month Yield 3.00%
30 Day SEC Yield 2.36%
Unsubsidized 30-Day SEC Yield 2.25%

Insights

pdf

Are Individual Bond Investors About to Get a Big Surprise?  

Mon May 14 09:30:00 EDT 2018
Individual investors will begin seeing mark-ups/mark-downs on trade confirmations for many individual bond purchases beginning May 14, 2018, and advisors should be prepared to explain those ...
pdf

Shelter From the Storm 

Tue Apr 24 12:42:00 EDT 2018
A fixed-income forecast for a rising-rate world.
pdf

The 5-Minute Forecast 2Q18 

Wed Apr 18 11:24:00 EDT 2018
A concise summary of the Hartford Funds Multi-Asset Team’s views on the main challenges facing investors: Growth, Income, Volatility, Inflation, and Taxes.

Literature

Fund Literature

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Fact Sheet

03/31/2018 | pdf
Get FINRA Letter

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Summary Prospectus

03/01/2018 | pdf

Available For
Download Only

Semi Annual Report

04/30/2017 | pdf

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Statutory Prospectus

03/01/2018 | pdf

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Annual Report

10/31/2017 | pdf

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SAI

03/01/2017 | pdf

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A WORD ABOUT RISK

Investing involves risk, including the possible loss of principal. There is no guarantee a fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. The value of inflation-protected securities (IPS) generally fluctuates with changes in real interest rates and the market for IPS may be less developed or liquid, and more volatile, than other securities 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, and counterparty risk. Municipal securities may be adversely impacted by state/local, political, economic, or market conditions. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable.

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