Hartford Schroders US MidCap Opportunities Fund

15.95NAV (as of 11/14/2019)
+0.04 (+0.25%) NAV Change
Mid-Cap BlendMorningstar Category
Mid-Cap Core FundsLipper Classification

Effective 5/1/19, the Fund (formerly known as the Hartford Schroders US Small/Mid Cap Opportunities Fund) changed its name, principal investment strategy and benchmark. Returns prior to 5/1/19 reflect the performance of the Fund's prior strategy. Please see the Fund’s prospectus for additional information.

On 10/24/16, the Schroder US Small and Mid Cap Opportunities Fund (the “Predecessor Fund”) was reorganized into the Hartford Schroders US Small/Mid Cap Opportunities Fund, a new Hartford Fund that has substantially the same objective and strategies as the Predecessor Fund. As a result, all data prior to 10/24/16 is that of the Predecessor Fund.

Objective

Seeks capital appreciation.

Overview

A mid-cap fund that seeks companies with compelling business models, strong management teams, and attractive valuation levels.

Hartford Schroders US MidCap Opportunities Fund Update

Monthly portfolio review and outlook

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More About Hartford Schroders US MidCap Opportunities Fund

Robert Kaynor, CFA
Portfolio Manager

view bio

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

Video Commentaries

Investment Process (3:24)
Portfolio Manager Bob Kaynor, CFA

Performance (%)
	YTD	1YR	3YR	5YR	10YR	SI
	% (as of 10/31/2019)	Average Annual Total Returns % (as of 10/31/2019)
Hartford Schroders US MidCap Opportunities I	21.45	12.41	9.99	9.17	12.27	8.90
Benchmark	23.21	13.72	12.28	8.67	13.70	---
Morningstar Mid-Cap Blend Category	18.99	9.06	9.77	6.26	11.12	---

Performance (%)
	YTD	1YR	3YR	5YR	10YR	SI
	% (as of 9/30/2019)	Average Annual Total Returns % (as of 9/30/2019)
Hartford Schroders US MidCap Opportunities I	19.74	1.95	8.75	9.63	11.74	8.84
Benchmark	21.93	3.19	10.69	9.10	13.07	---
Morningstar Mid-Cap Blend Category	17.60	-1.45	8.37	6.51	10.53	---

SI = Since Inception. Fund Inception: 03/31/2006

Operating Expenses: Net 1.05% | Gross 1.05%

Performance prior to 10/24/16 for Class I-shares reflects the performance, fees, and expenses of the Investor Class of the predecessor fund Schroder U.S. Small and Mid Cap Opportunities Fund. If Class I fees and expenses were reflected, performance would have differed. SI performance is calculated from 3/31/06.

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 (I-Share)

(as of 9/30/2019)

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Apr 30 00:00:00 EDT 2018","value":"27618.0"},{"date":"Sat Mar 31 00:00:00 EDT 2018","value":"27868.0"},{"date":"Wed Feb 28 00:00:00 EST 2018","value":"27753.0"},{"date":"Wed Jan 31 00:00:00 EST 2018","value":"29272.0"},{"date":"Sun Dec 31 00:00:00 EST 2017","value":"28483.0"},{"date":"Thu Nov 30 00:00:00 EST 2017","value":"28456.0"},{"date":"Tue Oct 31 00:00:00 EDT 2017","value":"27508.0"},{"date":"Sat Sep 30 00:00:00 EDT 2017","value":"27073.0"},{"date":"Thu Aug 31 00:00:00 EDT 2017","value":"26201.0"},{"date":"Mon Jul 31 00:00:00 EDT 2017","value":"26523.0"},{"date":"Fri Jun 30 00:00:00 EDT 2017","value":"26447.0"},{"date":"Wed May 31 00:00:00 EDT 2017","value":"26106.0"},{"date":"Sun Apr 30 00:00:00 EDT 2017","value":"25822.0"},{"date":"Fri Mar 31 00:00:00 EDT 2017","value":"25765.0"},{"date":"Tue Feb 28 00:00:00 EST 2017","value":"25822.0"},{"date":"Tue Jan 31 00:00:00 EST 2017","value":"25102.0"},{"date":"Sat Dec 31 00:00:00 EST 2016","value":"24648.0"},{"date":"Wed Nov 30 00:00:00 EST 2016","value":"24307.0"},{"date":"Mon Oct 31 00:00:00 EDT 2016","value":"23134.0"},{"date":"Fri Sep 30 00:00:00 EDT 2016","value":"23600.0"},{"date":"Wed Aug 31 00:00:00 EDT 2016","value":"23339.0"},{"date":"Sun Jul 31 00:00:00 EDT 2016","value":"23208.0"},{"date":"Thu Jun 30 00:00:00 EDT 2016","value":"22370.0"},{"date":"Tue May 31 00:00:00 EDT 2016","value":"22557.0"},{"date":"Sat Apr 30 00:00:00 EDT 2016","value":"21998.0"},{"date":"Thu Mar 31 00:00:00 EDT 2016","value":"21681.0"},{"date":"Mon Feb 29 00:00:00 EST 2016","value":"20210.0"},{"date":"Sun Jan 31 00:00:00 EST 2016","value":"19837.0"},{"date":"Thu Dec 31 00:00:00 EST 2015","value":"20824.0"},{"date":"Mon Nov 30 00:00:00 EST 2015","value":"21637.0"},{"date":"Sat Oct 31 00:00:00 EDT 2015","value":"21286.0"},{"date":"Wed Sep 30 00:00:00 EDT 2015","value":"20384.0"},{"date":"Mon Aug 31 00:00:00 EDT 2015","value":"21203.0"},{"date":"Fri Jul 31 00:00:00 EDT 2015","value":"22205.0"},{"date":"Tue Jun 30 00:00:00 EDT 2015","value":"21888.0"},{"date":"Sun May 31 00:00:00 EDT 2015","value":"21821.0"},{"date":"Thu Apr 30 00:00:00 EDT 2015","value":"21420.0"},{"date":"Tue Mar 31 00:00:00 EDT 2015","value":"21520.0"},{"date":"Sat Feb 28 00:00:00 EST 2015","value":"21203.0"},{"date":"Sat Jan 31 00:00:00 EST 2015","value":"20117.0"},{"date":"Wed Dec 31 00:00:00 EST 2014","value":"20467.0"},{"date":"Sun Nov 30 00:00:00 EST 2014","value":"20280.0"},{"date":"Fri Oct 31 00:00:00 EDT 2014","value":"19851.0"},{"date":"Tue Sep 30 00:00:00 EDT 2014","value":"19165.0"},{"date":"Sun Aug 31 00:00:00 EDT 2014","value":"19808.0"},{"date":"Thu Jul 31 00:00:00 EDT 2014","value":"18951.0"},{"date":"Mon Jun 30 00:00:00 EDT 2014","value":"19623.0"},{"date":"Sat May 31 00:00:00 EDT 2014","value":"18837.0"},{"date":"Wed Apr 30 00:00:00 EDT 2014","value":"18536.0"},{"date":"Mon Mar 31 00:00:00 EDT 2014","value":"18908.0"},{"date":"Fri Feb 28 00:00:00 EST 2014","value":"18837.0"},{"date":"Fri Jan 31 00:00:00 EST 2014","value":"17993.0"},{"date":"Tue Dec 31 00:00:00 EST 2013","value":"18436.0"},{"date":"Sat Nov 30 00:00:00 EST 2013","value":"17880.0"},{"date":"Thu Oct 31 00:00:00 EDT 2013","value":"17572.0"},{"date":"Mon Sep 30 00:00:00 EDT 2013","value":"16955.0"},{"date":"Sat Aug 31 00:00:00 EDT 2013","value":"16190.0"},{"date":"Wed Jul 31 00:00:00 EDT 2013","value":"16556.0"},{"date":"Sun Jun 30 00:00:00 EDT 2013","value":"15608.0"},{"date":"Fri May 31 00:00:00 EDT 2013","value":"15734.0"},{"date":"Tue Apr 30 00:00:00 EDT 2013","value":"15185.0"},{"date":"Sun Mar 31 00:00:00 EDT 2013","value":"15197.0"},{"date":"Thu Feb 28 00:00:00 EST 2013","value":"14500.0"},{"date":"Thu Jan 31 00:00:00 EST 2013","value":"14409.0"},{"date":"Mon Dec 31 00:00:00 EST 2012","value":"13564.0"},{"date":"Fri Nov 30 00:00:00 EST 2012","value":"13307.0"},{"date":"Wed Oct 31 00:00:00 EDT 2012","value":"13232.0"},{"date":"Sun Sep 30 00:00:00 EDT 2012","value":"13457.0"},{"date":"Fri Aug 31 00:00:00 EDT 2012","value":"13232.0"},{"date":"Tue Jul 31 00:00:00 EDT 2012","value":"12932.0"},{"date":"Sat Jun 30 00:00:00 EDT 2012","value":"12942.0"},{"date":"Thu May 31 00:00:00 EDT 2012","value":"12588.0"},{"date":"Mon Apr 30 00:00:00 EDT 2012","value":"13511.0"},{"date":"Sat Mar 31 00:00:00 EDT 2012","value":"13651.0"},{"date":"Wed Feb 29 00:00:00 EST 2012","value":"13393.0"},{"date":"Tue Jan 31 00:00:00 EST 2012","value":"12953.0"},{"date":"Sat Dec 31 00:00:00 EST 2011","value":"12298.0"},{"date":"Wed Nov 30 00:00:00 EST 2011","value":"12291.0"},{"date":"Mon Oct 31 00:00:00 EDT 2011","value":"12206.0"},{"date":"Fri Sep 30 00:00:00 EDT 2011","value":"10886.0"},{"date":"Wed Aug 31 00:00:00 EDT 2011","value":"11974.0"},{"date":"Sun Jul 31 00:00:00 EDT 2011","value":"12755.0"},{"date":"Thu Jun 30 00:00:00 EDT 2011","value":"13273.0"},{"date":"Tue May 31 00:00:00 EDT 2011","value":"13642.0"},{"date":"Sat Apr 30 00:00:00 EDT 2011","value":"13779.0"},{"date":"Thu Mar 31 00:00:00 EDT 2011","value":"13315.0"},{"date":"Mon Feb 28 00:00:00 EST 2011","value":"13125.0"},{"date":"Mon Jan 31 00:00:00 EST 2011","value":"12660.0"},{"date":"Fri Dec 31 00:00:00 EST 2010","value":"12449.0"},{"date":"Tue Nov 30 00:00:00 EST 2010","value":"11694.0"},{"date":"Sun Oct 31 00:00:00 EDT 2010","value":"11601.0"},{"date":"Thu Sep 30 00:00:00 EDT 2010","value":"11281.0"},{"date":"Tue Aug 31 00:00:00 EDT 2010","value":"10238.0"},{"date":"Sat Jul 31 00:00:00 EDT 2010","value":"10620.0"},{"date":"Wed Jun 30 00:00:00 EDT 2010","value":"10083.0"},{"date":"Mon May 31 00:00:00 EDT 2010","value":"10599.0"},{"date":"Fri Apr 30 00:00:00 EDT 2010","value":"11312.0"},{"date":"Wed Mar 31 00:00:00 EDT 2010","value":"11064.0"},{"date":"Sun Feb 28 00:00:00 EST 2010","value":"10568.0"},{"date":"Sun Jan 31 00:00:00 EST 2010","value":"10196.0"},{"date":"Thu Dec 31 00:00:00 EST 2009","value":"10527.0"},{"date":"Mon Nov 30 00:00:00 EST 2009","value":"10031.0"},{"date":"Sat Oct 31 00:00:00 EDT 2009","value":"9680.0"},{"date":"Wed Sep 30 00:00:00 EDT 2009","value":"10000.0"}]

Morningstar Analyst Rating

Morningstar awarded the Fund a Bronze analyst rating on 2/14/19¹

I-Share Morningstar Ratings
(as of 10/31/2019)

Overall

:
Overall, 4 stars, 3-Year, 3 stars, 5-Year, 4 stars, and 10-Year, 4 stars, rated against 371, 371, 307 and 230 products, respectively. Morningstar Rating^TM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures. Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2019 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
:
371 Products | Mid-Cap Blend Category

Based on Risk-Adjusted Returns

Calendar Year Returns (%)
	Fund	BENCHMARK	PEER GROUP
2018	-11.00	-9.06	---
2017	15.56	18.52	---
2016	18.36	13.80	---
2015	1.74	-2.44	---
2014	11.02	13.22	---
2013	35.92	34.76	---
2012	10.29	17.28	---
2011	-1.21	-1.55	---
2010	18.26	25.48	---
2009	34.26	40.48	---

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

CharacteristicsAllocations, exposures and holdings are subject to change. Percentages may be rounded.

Characteristics

Allocations, exposures and holdings are subject to change. Percentages may be rounded.

Statistics
As of Date	9/30/2019
Net Assets	$895 million
# of Holdings	87
% in Equities	96
Beta (3 year)	0.97
R Squared (3 year)	0.97
Turnover (9/30/2019)	30%
Active Share	91%

Holdings Characteristics
(as of 9/30/2019)
	Fund	Russell MidCap Index
Price/Book	2.9x	2.7x
Price/Earnings	17.5x	19.8x
Return on Equity	12.0%	11.7%
Asset Weighted Market Cap (billions)	$9.1	$16.0
Median Market Cap (billions)	$7.6	$8.0

Return Characteristics
(as of 9/30/2019)
	Fund
Alpha (5 Year)	1.05
Down Capture (5 Year)	92.76
Information Ratio (5 Year)	0.19
Sharpe Ratio (5 Year)	0.74
Up Capture (5 Year)	98.01

Market Cap Distribution %
(as of 9/30/2019)
	Fund
Less than $2 billion	1
$2 billion - $5 billion	19
$5 billion - $10 billion	45
Greater than $10 billion	35
Not Classified	0

Fund Essentials
Inception Date	03/31/2006
Symbol	SMDIX
CUSIP	41665H235
Fund Number	1489

Top Ten Holdings (%)

(as of 9/30/2019)
label	percentageholding
Advance Auto Parts, Inc.	2.71
Assurant, Inc.	2.48
Reinsurance Group of America, Inc.	2.36
Dolby Laboratories, Inc.	1.96
Globe Life, Inc.	1.83
Commerce Bancshares, Inc.	1.76
Fortune Brands Home & Security, Inc.	1.71
Brunswick Corp.	1.69
Alliant Energy Corp.	1.68
Entegris, Inc.	1.61
Total Portfolio %	19.79

PDF Full Portfolio Holdings

Sector Exposure

(as of 9/30/2019)
label	currentpercentage
Financial Services	18
Technology	18
Consumer Discretionary	16
Producer Durables	13
Health Care	10
Materials & Processing	7
Reit	5
Utilities	5
Cash	4
Energy	1
Consumer Staples	1
ETFs & Futures	0

Based on the Russell Global Sectors classification (RGS) system. May not total to 100% due to rounding.

Insights

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Literature

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. • The main risk of real estate related securities is that the value of the underlying real estate may decrease in value.

© 2019 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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