Statement regarding the Russian/Ukraine conflict and the pricing of Russian securities
Hartford Funds is deeply troubled by Russia’s attack on Ukraine, the devastating consequences afflicted on civilians, and the significant economic instability that has resulted.
As we watch the crisis, we are also keeping our duty to our shareholders top of mind. We are closely monitoring the situation with respect to securities of Russian and Ukrainian issuers held in our funds. Our sub-advisers have suspended any purchases of Russian securities, and those securities have been removed from our Multifactor Indices. We have reviewed the Executive Orders regarding such securities and intend to operate in full compliance with their requirements.
For securities already held in our funds, they continue to be impacted by a range of actions taken by governments, stock exchanges, and counterparties, leading to severe valuation and liquidity issues. Hartford Funds will continue to apply appropriate valuation principles in accordance with our valuation policies and procedures. As of 3/9/2022, the following funds have holdings of Russian or Ukrainian securities. All total net exposures are based on valuations as of 3/9/2022.
