Private markets are a strategic play for long-term goals. Yet, life’s unpredictability calls for flexibility, and that’s where evergreen semi-liquid funds can come in handy. Unlike traditional private-market structures, these funds offer investors periodic access to their capital through built-in liquidity mechanisms. It’s important to remember, though, that this liquidity is a designed feature with limitations, as private markets are inherently illiquid.

* Open end in the context of the private assets industry generally refers to semi-liquid evergreen funds that provide more-frequent subscription and redemption opportunities than do traditional unregistered private funds, which are often referred to as closed end. Semi-liquid evergreen funds are typically registered with the SEC as 40 Act closed end funds, and while they may be referred to at times as open end funds, they operate differently from, and provide lower liquidity than, traditional open end mutual funds and ETFs.

Important Risks: Investing involves risk, including the possible loss of principal. • Private equity investments involve a high degree of business and financial risk that can result in substantial losses. The valuation of private equity investments is complex and is typically based on fair value. • Illiquid and restricted securities may be difficult to dispose of at a fair price. A particular investment may become illiquid, making it difficult to sell that investment at an advantageous time or price. • Foreign investments may be more volatile and less liquid than US investments and are subject to the risk of currency fluctuations and adverse political, economic, and regulatory developments.

The views expressed herein are those of Schroders Investment Management, are for informational purposes only, and are subject to change based on prevailing market, economic, and other conditions. The views expressed may not reflect the opinions of Hartford Funds or any other sub-adviser to our funds. They should not be construed as research or investment advice nor should they be considered an offer or solicitation to buy or sell any security. This information is current at the time of writing and may not be reproduced or distributed in whole or in part, for any purpose, without the express written consent of Schroders Investment Management or Hartford Funds.

The Hartford Schroders Private Opportunities Fund is distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. Schroder Investment Management North America Inc. (SIMNA) serves as the Fund’s sub-adviser and Schroders Capital Management (US) Inc. (Schroders Capital) serves as the Fund’s sub-sub-adviser. SIMNA and Schroders Capital are both SEC registered investment advisers. Hartford Funds refers to HFD, which is not affiliated with any sub-adviser.