UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORMN-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number:811-00558
THE HARTFORD MUTUAL FUNDS II, INC.
(Exact name of registrant as specified in charter)
690 Lee Road, Wayne, Pennsylvania 19087
(Address of Principal Executive Offices) (Zip Code)
Thomas R. Phillips, Esquire
Hartford Funds Management Company, LLC
690 Lee Road
Wayne, Pennsylvania 19087
(Name and Address of Agent for Service)
Copy to:
John V. O’Hanlon, Esq.
Dechert LLP
One International Place, 40th Floor
100 Oliver Street
Boston, MA 02110-2605
Registrant’s telephone number, including area code: (610)386-4068
Date of fiscal year end: September 30
Date of reporting period: March 31, 2020
FormN-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule30e-1 under the Investment Company Act of 1940 (17 CFR270.30e-1). The Commission may use the information provided on FormN-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by FormN-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in FormN-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
Har t ford Multifactor Funds Semi-Annual Report March 31, 2020 (Unaudited) Hartford Multifactor International Fund Hartford Multifactor Large Cap Value Fund Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of each Fund’s shareholder reports like this one will no longer be sent by mail, unless you specifically request paper copies of the reports from the Fund or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on the Funds’ website (hartfordfunds.com). You will be notified by mail each time a report is posted and provided with a website link to access the report. You may at any time elect to receive paper copies of all shareholder reports free of charge by contacting your financial intermediary or, if you invest directly with a Fund, by calling 1-888-843-7824. Your election to receive reports in paper will apply to all Hartford Funds held in your account if you invest through your financial intermediary or directly with a Fund. If you previously elected to receive shareholder reports and other communications electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications electronically anytime by contacting your financial intermediary.
A MESSAGE FROM THE PRESIDENT
Dear Shareholders:
Thank you for investing in Hartford Multifactor Mutual Funds. The following is the Funds’ Semi-Annual Report that covers the period from October 1, 2019 through March 31, 2020.
Market Review
During the six months ended March 31, 2020, U.S. stocks, as measured by the S&P 500 Index,1 lost 12.31%. The results for the period clearly reflect the impact of the
coronavirus disease(COVID-19) pandemic on world economic growth and the virtual shutdown of economic activity stemming from the need for social distancing.
Prior to the initialCOVID-19 outbreak in China in early 2020, “normal” macro events dominated the headlines. The new United States-Mexico-Canada Agreement signed in early 2020 was seen as a potential positive for North American trade. Tensions around the U.S.-China trade dispute receded with the signing in January of a Phase One agreement on tariffs and trade reforms. In the U.S., investors appeared to take the impeachment trial of President Trump in stride.
But the rapid global spread of the novel coronavirus changed everything, resulting in extreme market volatility, widespread expectations of a global recession, and the official end of the longest bull market in U.S. economic history. Central banks around the world, including the U.S. Federal Reserve Board (Fed), moved quickly to ratchet down key interest rates in an effort to inject liquidity into the markets. On March 3, 2020, the Fed reduced its key interest rate by a full half-percent. Afollow-up reduction has left rates near zero. The Fed also embarked on $700 billion in new debt purchases.
As worldwideCOVID-19 infection rates and deaths mounted, Western governments, including the U.S., unveiled broad and extensive fiscal policy initiatives designed to encourage workers to stay home, help businesses avoid layoffs, and subsidize the struggling healthcare system’s efforts to combat the virus.
On March 6, 2020, a bipartisan bill creating a $7 billion disaster-assistance loan package for small businesses impacted byCOVID-19 was passed by the U.S. Congress and signed into law. Then, on March 27, 2020, a massive $2 trillion economic stimulus package – the largest fiscal rescue package in U.S. history – was enacted. The package provided, among other things, up to $400 billion in small business loans designed primarily to cover employee salaries, rent, paid leave, and other necessities. The law also provided direct cash assistance of up to $1,200 for the majority of individuals.
Needless to say, it’s impossible to know the full economic and social impact social distancing will have through a global pandemic of unknown duration. In this uncertain time, it’s more important than ever to maintain a strong relationship with your financial advisor.
Thank you again for investing in Hartford Multifactor Mutual Funds. For the mostup-to-date information on our complete selection of mutual funds, please take advantage of all the resources available at hartfordfunds.com.
James Davey
President
Hartford Funds
1 | S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks. The index is unmanaged and not available for direct investment. Past performance does not guarantee future results. |
Hartford Multifactor Funds
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Financial Statements: | ||||
Schedules of Investments: | ||||
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How to Obtain a Copy of each Fund’s Proxy Voting Policies and Voting Records | 29 | |||
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Hartford Multifactor International Fund |
March 31, 2020 (Unaudited)
Inception 05/31/2019 (sub-advised by Mellon Investments Corporation) | Investment objective – The Fund seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of companies located in major developed markets of Europe, Canada and the Pacific Region. |
Cumulative Total Returns
for the Period Ending 03/31/20
6 Months1 | Since Inception2 | |||||
Class R3 | -19.76% | -17.36% | ||||
Class R4 | -19.76% | -17.34% | ||||
Class R5 | -19.74% | -17.29% | ||||
Class R6 | -19.74% | -17.29% | ||||
Class Y | -19.74% | -17.30% | ||||
Class F | -19.74% | -17.29% | ||||
Hartford Risk-Optimized Multifactor Developed Markets(ex-US) Index | -19.53% | -17.00% | ||||
MSCI World ex USA Index (Net) | -17.23% | -13.13% |
1 | Not Annualized |
2 | Inception: 05/31/2019. Cumulative returns not annualized. |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The table does not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recentmonth-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on March 31, 2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For more information on current expense waivers/reimbursements, please see the prospectus.
Operating Expenses* | Gross | Net | ||||||
Class R3 | 1.18% | 1.04% | ||||||
Class R4 | 0.88% | 0.74% | ||||||
Class R5 | 0.58% | 0.44% | ||||||
Class R6 | 0.46% | 0.34% | ||||||
Class Y | 0.57% | 0.44% | ||||||
Class F | 0.46% | 0.34% |
* | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until January 31, 2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended March 31, 2020. |
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.• 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 and economic developments. These risks may be greater in particular geographic regions or countries.• Investments focused in a sector, industry or group of industries may increase volatility and risk.•The Fund is not actively managed but rather attempts to track the performance of an index. The Fund’s returns may diverge from that of the index.
Composition by Sector(1)
as of March 31, 2020
Sector | Percentage of Net Assets | |||
Equity Securities | ||||
Communication Services | 9.0 | % | ||
Consumer Discretionary | 9.9 | |||
Consumer Staples | 10.6 | |||
Energy | 3.3 | |||
Financials | 18.6 | |||
Health Care | 13.1 | |||
Industrials | 11.5 | |||
Information Technology | 4.9 | |||
Materials | 4.3 | |||
Real Estate | 5.6 | |||
Utilities | 6.1 | |||
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Total | 96.9 | % | ||
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Short-Term Investments | 1.0 | |||
Other Assets & Liabilities | 2.1 | |||
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Total | 100.0 | % | ||
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(1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
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Hartford Multifactor Large Cap Value Fund |
Fund Overview
March 31, 2020 (Unaudited)
Inception 05/31/2019 (sub-advised by Mellon Investments Corporation) | Investment objective – The Fund seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of exchange traded value-oriented U.S. equity securities. |
Cumulative Total Returns
for the Period Ending 03/31/20
6 Months1 | Since Inception2 | |||||
Class R3 | -21.87% | -14.99% | ||||
Class R4 | -21.85% | -14.97% | ||||
Class R5 | -21.81% | -14.93% | ||||
Class R6 | -21.70% | -14.81% | ||||
Class Y | -21.81% | -14.93% | ||||
Class F | -21.70% | -14.81% | ||||
Hartford Multifactor Large Cap Value Index | -22.44% | -15.57% | ||||
Russell 1000 Value Index | -21.30% | -14.51% |
1 | Not annualized |
2 | Inception: 05/31/2019. Cumulative returns not annualized. |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The table does not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recentmonth-end, please visit our website hartfordfunds.com.
Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on March 31, 2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.
You cannot invest directly in an index.
See “Benchmark Glossary” for benchmark descriptions.
Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For more information on current expense waivers/reimbursements, please see the prospectus.
Operating Expenses* | Gross | Net | ||||||
Class R3 | 1.08% | 0.94% | ||||||
Class R4 | 0.78% | 0.64% | ||||||
Class R5 | 0.48% | 0.34% | ||||||
Class R6 | 0.36% | 0.24% | ||||||
Class Y | 0.47% | 0.34% | ||||||
Class F | 0.36% | 0.24% |
* | Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until January 31, 2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended March 31, 2020. |
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.•Investments focused in a sector, industry or group of industries may increase volatility and risk.•The Fund is not actively managed but rather attempts to track the performance of an index. The Fund’s returns may diverge from that of the index.
Composition by Sector(1)
as of March 31, 2020
Sector | Percentage of Net Assets | |||
Equity Securities | ||||
Communication Services | 10.8 | % | ||
Consumer Discretionary | 4.2 | |||
Consumer Staples | 6.6 | |||
Energy | 7.2 | |||
Financials | 22.0 | |||
Health Care | 10.3 | |||
Industrials | 9.2 | |||
Information Technology | 9.4 | |||
Materials | 4.1 | |||
Real Estate | 4.2 | |||
Utilities | 6.8 | |||
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Total | 94.8 | % | ||
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Short-Term Investments | 0.1 | |||
Other Assets & Liabilities | 5.1 | |||
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Total | 100.0 | % | ||
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(1) | A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system. These sector classifications are used for financial reporting purposes. |
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Hartford Multifactor Funds |
Benchmark Glossary (Unaudited)
Hartford Risk-Optimized Multifactor Developed Markets(ex-US) Indexseeks to address risks and opportunities within developed market stocks located outside the United States by selecting equity securities exhibiting a favorable combination of factors, including value, momentum, and quality.
Hartford Multifactor Large Cap Value Index is designed to capture the performance potential of US equities by seeking the enhanced return potential of multiple risk factors while maintaining targeted ranges of exposures across size and sector dimensions.
MSCI World ex USA Index (Net)(reflects no deduction for fees, expenses or other taxes) is a free float-adjusted market capitalization index that is designed to capture large and mid cap representation across developed markets countries – excluding the United States.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any of such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
Russell 1000 Value Index(reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 1000 Index companies with lowerprice-to-book ratios and lower forecasted growth values. The Russell 1000 Index is designed to measure the performance of the 1,000 largest companies in the Russell 3000 Index based on their market capitalization and current index membership.
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Hartford Multifactor Funds |
Your Fund’s Expenses
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including investment management fees, distribution and/or service(12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of October 1, 2019 through March 31, 2020, except as indicated below. To the extent a Fund was subject to acquired fund fees and expenses during the period, acquired fund fees and expenses are not included in the annualized expense ratios below.
Actual Expenses
The first set of columns of the table below provides information about actual account values and actual expenses. You may use this information, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During The Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses for a class of a Fund are equal to the class’s annualized expense ratio multiplied by average account value over the period, multiplied by 183/366 (to reflect theone-half year period).
Actual Return | Hypothetical (5% return before expenses) | |||||||||||||||||||||||||||
Beginning Account Value October 1, 2019 | Ending Account Value March 31, 2020 | Expenses paid during the period October 1, 2019 through March 31, 2020 | Beginning Account Value October 1, 2019 | Ending Account Value March 31, 2020 | Expenses paid during the period October 1, 2019 through March 31, 2020 | Annualized expense ratio | ||||||||||||||||||||||
Hartford Multifactor International Fund |
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Class R3 | $ | 1,000.00 | $ | 802.40 | $ | 1.94 | $ | 1,000.00 | $ | 1,022.85 | $ | 2.17 | 0.43 | % | ||||||||||||||
Class R4 | $ | 1,000.00 | $ | 802.40 | $ | 1.94 | $ | 1,000.00 | $ | 1,022.85 | $ | 2.17 | 0.43 | % | ||||||||||||||
Class R5 | $ | 1,000.00 | $ | 802.60 | $ | 1.58 | $ | 1,000.00 | $ | 1,023.25 | $ | 1.77 | 0.35 | % | ||||||||||||||
Class R6 | $ | 1,000.00 | $ | 802.60 | $ | 1.53 | $ | 1,000.00 | $ | 1,023.30 | $ | 1.72 | 0.34 | % | ||||||||||||||
Class Y | $ | 1,000.00 | $ | 802.60 | $ | 1.62 | $ | 1,000.00 | $ | 1,023.20 | $ | 1.82 | 0.36 | % | ||||||||||||||
Class F | $ | 1,000.00 | $ | 802.60 | $ | 1.53 | $ | 1,000.00 | $ | 1,023.30 | $ | 1.72 | 0.34 | % | ||||||||||||||
Hartford Multifactor Large Cap Value Fund |
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Class R3 | $ | 1,000.00 | $ | 781.30 | $ | 1.60 | $ | 1,000.00 | $ | 1,023.20 | $ | 1.82 | 0.36 | % | ||||||||||||||
Class R4 | $ | 1,000.00 | $ | 781.50 | $ | 1.60 | $ | 1,000.00 | $ | 1,023.20 | $ | 1.82 | 0.36 | % | ||||||||||||||
Class R5 | $ | 1,000.00 | $ | 781.90 | $ | 1.38 | $ | 1,000.00 | $ | 1,023.45 | $ | 1.57 | 0.31 | % | ||||||||||||||
Class R6 | $ | 1,000.00 | $ | 783.00 | $ | 1.07 | $ | 1,000.00 | $ | 1,023.80 | $ | 1.21 | 0.24 | % | ||||||||||||||
Class Y | $ | 1,000.00 | $ | 781.90 | $ | 1.43 | $ | 1,000.00 | $ | 1,023.40 | $ | 1.62 | 0.32 | % | ||||||||||||||
Class F | $ | 1,000.00 | $ | 783.00 | $ | 1.07 | $ | 1,000.00 | $ | 1,023.80 | $ | 1.21 | 0.24 | % |
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Hartford Multifactor International Fund |
Schedule of Investments
March 31, 2020 (Unaudited)
Shares or Principal Amount | Market Value† | |||||||
COMMON STOCKS - 96.9% | ||||||||
Australia - 7.2% | ||||||||
1,040 | AGL Energy Ltd. | $ | 10,884 | |||||
272 | Ansell Ltd. | 4,504 | ||||||
317 | Australia & New Zealand Banking Group Ltd. | 3,325 | ||||||
1,034 | Bendigo & Adelaide Bank Ltd. | 3,973 | ||||||
485 | BHP Group Ltd. | 8,799 | ||||||
2,077 | BlueScope Steel Ltd. | 10,874 | ||||||
722 | Caltex Australia Ltd. | 9,749 | ||||||
426 | CIMIC Group Ltd. | 6,034 | ||||||
1,256 | Coca-Cola Amatil Ltd. | 6,779 | ||||||
55 | Cochlear Ltd. | 6,268 | ||||||
259 | Computershare Ltd. | 1,550 | ||||||
48 | CSL Ltd. | 8,701 | ||||||
1,009 | Dexus REIT | 5,591 | ||||||
773 | Downer EDI Ltd. | 1,412 | ||||||
58 | Flight Centre Travel Group Ltd.(1)(5) | 330 | ||||||
1,669 | Fortescue Metals Group Ltd. | 10,228 | ||||||
1,887 | GPT Group REIT | 4,192 | ||||||
335 | JBHi-Fi Ltd. | 5,768 | ||||||
2,270 | Link Administration Holdings Ltd. | 4,482 | ||||||
24 | Macquarie Group Ltd. | 1,278 | ||||||
3,630 | Mirvac Group REIT | 4,612 | ||||||
6,233 | Qantas Airways Ltd. | 12,127 | ||||||
76 | Ramsay Health Care Ltd. | 2,672 | ||||||
4,193 | Scentre Group REIT | 4,016 | ||||||
426 | Sonic Healthcare Ltd. | 6,403 | ||||||
192 | Suncorp Group Ltd. | 1,066 | ||||||
4,341 | Telstra Corp. Ltd. | 8,149 | ||||||
669 | Wesfarmers Ltd. | 14,176 | ||||||
538 | Woolworths Group Ltd. | 11,700 | ||||||
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179,642 | ||||||||
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Austria - 0.1% | ||||||||
38 | Oesterreichische Post AG | 1,356 | ||||||
31 | OMV AG | 848 | ||||||
145 | UNIQA Insurance Group AG | 1,115 | ||||||
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3,319 | ||||||||
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Belgium - 2.0% | ||||||||
10 | Ackermans & van Haaren N.V. | 1,298 | ||||||
318 | Ageas | 13,252 | ||||||
150 | Colruyt S.A. | 8,131 | ||||||
26 | Elia Group S.A. | 2,532 | ||||||
11 | KBC Ancora | 305 | ||||||
164 | KBC Group N.V. | 7,442 | ||||||
467 | Proximus SADP | 10,724 | ||||||
14 | Sofina S.A. | 2,847 | ||||||
35 | UCB S.A. | 2,995 | ||||||
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49,526 | ||||||||
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Canada - 10.3% | ||||||||
223 | Air Canada* | 2,496 | ||||||
358 | Alimentation Couche-Tard, Inc. Class B | 8,433 | ||||||
373 | AltaGas Ltd. | 3,379 | ||||||
83 | Atco Ltd. Class I | 2,298 | ||||||
270 | Bank of Montreal | 13,633 | ||||||
135 | Bank of Nova Scotia | 5,513 | ||||||
206 | Barrick Gold Corp. | 3,785 | ||||||
278 | BCE, Inc. | 11,404 | ||||||
202 | Canadian Apartment Properties REIT | 6,113 | ||||||
29 | Canadian Imperial Bank of Commerce | 1,690 | ||||||
66 | Canadian Tire Corp. Ltd. Class A | 3,984 | ||||||
133 | Canadian Utilities Ltd. Class A | 3,179 | ||||||
254 | Capital Power Corp. | 4,900 | ||||||
242 | CGI, Inc.* | 13,102 | ||||||
73 | Emera, Inc. | 2,879 | ||||||
325 | Empire Co., Ltd. Class A | 6,358 |
Shares or Principal Amount | Market Value† | |||||||
COMMON STOCKS - 96.9% - (continued) | ||||||||
Canada - 10.3% - (continued) | ||||||||
5 | Fairfax Financial Holdings Ltd. | $ | 1,533 | |||||
12 | Fortis, Inc. | 463 | ||||||
101 | Genworth MI Canada, Inc. | 2,244 | ||||||
115 | George Weston Ltd. | 8,223 | ||||||
437 | Great-West Lifeco, Inc. | 7,549 | ||||||
402 | Husky Energy, Inc. | 1,011 | ||||||
194 | Hydro One Ltd.(2) | 3,493 | ||||||
160 | iA Financial Corp., Inc. | 5,030 | ||||||
151 | Imperial Oil Ltd. | 1,707 | ||||||
56 | Intact Financial Corp. | 4,840 | ||||||
2,013 | Kinross Gold Corp.* | 8,082 | ||||||
277 | Loblaw Cos., Ltd. | 14,280 | ||||||
31 | Magna International, Inc. | 989 | ||||||
518 | Manulife Financial Corp. | 6,504 | ||||||
183 | Metro, Inc. | 7,400 | ||||||
48 | National Bank of Canada | 1,855 | ||||||
37 | Onex Corp. | 1,354 | ||||||
48 | Open Text Corp. | 1,679 | ||||||
294 | Parkland Fuel Corp. | 5,183 | ||||||
808 | Power Corp. of Canada(3) | 12,999 | ||||||
192 | Quebecor, Inc. Class B | 4,244 | ||||||
293 | RioCan Real Estate Investment Trust REIT | 3,358 | ||||||
221 | Rogers Communications, Inc. Class B | 9,225 | ||||||
184 | Royal Bank of Canada | 11,397 | ||||||
126 | Saputo, Inc. | 3,030 | ||||||
180 | Shaw Communications, Inc. Class B | 2,920 | ||||||
151 | Stantec, Inc. | 3,863 | ||||||
402 | Sun Life Financial, Inc. | 12,932 | ||||||
194 | Suncor Energy, Inc. | 3,096 | ||||||
576 | TELUS Corp. | 9,107 | ||||||
68 | Toromont Industries Ltd. | 2,979 | ||||||
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255,715 | ||||||||
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China - 0.1% | ||||||||
500 | Kerry Logistics Network Ltd. | 616 | ||||||
5,000 | Yangzijiang Shipbuilding Holdings Ltd. | 2,901 | ||||||
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3,517 | ||||||||
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Denmark - 2.4% | ||||||||
7 | Carlsberg A/S Class B | 788 | ||||||
48 | Coloplast A/S Class B | 6,961 | ||||||
17 | GN Store Nord A/S | 754 | ||||||
248 | H. Lundbeck A/S | 7,282 | ||||||
236 | ISS A/S | 3,229 | ||||||
355 | Novo Nordisk A/S Class B | 21,199 | ||||||
71 | Orsted A/S(2) | 6,951 | ||||||
210 | Pandora A/S | 6,747 | ||||||
16 | Rockwool International A/S Class B | 2,882 | ||||||
25 | Royal Unibrew A/S | 1,797 | ||||||
52 | Topdanmark A/S | 2,087 | ||||||
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60,677 | ||||||||
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| |||||||
Finland - 0.7% | ||||||||
50 | Elisa Oyj | 3,086 | ||||||
97 | Kesko Oyj Class B | 5,485 | ||||||
22 | Kone Oyj Class B | 1,232 | ||||||
64 | Orion Oyj Class B | 2,605 | ||||||
71 | Sampo Oyj Class A | 2,048 | ||||||
50 | TietoEVRY Oyj | 1,079 | ||||||
38 | Valmet Oyj | 738 | ||||||
|
| |||||||
16,273 | ||||||||
|
| |||||||
France - 5.9% | ||||||||
484 | AirFrance-KLM*(3) | 2,692 | ||||||
147 | Alstom S.A. | 6,070 | ||||||
26 | Arkema S.A. | 1,775 | ||||||
119 | AXA S.A. | 2,015 |
The accompanying notes are an integral part of these financial statements.
| 6 |
|
Hartford Multifactor International Fund |
Schedule of Investments – (continued)
March 31, 2020 (Unaudited)
Shares or Principal Amount | Market Value† | |||||||
COMMON STOCKS - 96.9% - (continued) | ||||||||
France - 5.9% - (continued) | ||||||||
45 | BioMerieux | $ | 5,094 | |||||
550 | Bouygues S.A. | 15,962 | ||||||
132 | Cie Generale des Etablissements Michelin SCA | 11,561 | ||||||
295 | CNP Assurances | 2,856 | ||||||
26 | Covivio REIT | 1,460 | ||||||
107 | Eiffage S.A. | 7,595 | ||||||
22 | Eurazeo SE | 987 | ||||||
37 | Faurecia SE | 1,083 | ||||||
35 | Gecina S.A. REIT | 4,606 | ||||||
55 | Ipsen S.A. | 2,819 | ||||||
90 | Korian S.A. | 2,777 | ||||||
58 | Nexity S.A. | 1,785 | ||||||
595 | Orange S.A. | 7,204 | ||||||
848 | Peugeot S.A. | 11,040 | ||||||
75 | Rubis SCA | 3,093 | ||||||
146 | Sanofi | 12,640 | ||||||
202 | SCOR SE | 4,444 | ||||||
101 | Societe BIC S.A. | 5,610 | ||||||
394 | Societe Generale S.A. | 6,455 | ||||||
42 | Sodexo S.A. | 2,820 | ||||||
851 | Suez | 8,646 | ||||||
318 | Total S.A.(3) | 11,982 | ||||||
71 | Veolia Environnement S.A. | 1,500 | ||||||
|
| |||||||
146,571 | ||||||||
|
| |||||||
Germany - 4.6% | ||||||||
62 | Allianz SE | 10,558 | ||||||
355 | Alstria Office AG REIT | 5,095 | ||||||
16 | Carl Zeiss Meditec AG | 1,524 | ||||||
178 | Covestro AG(2) | 5,402 | ||||||
558 | Deutsche Lufthansa AG | 5,219 | ||||||
809 | Deutsche Telekom AG | 10,449 | ||||||
94 | Fresenius SE & Co. KGaA | 3,500 | ||||||
61 | Hannover Rueck SE | 8,614 | ||||||
39 | HeidelbergCement AG | 1,666 | ||||||
112 | Hella KGaA Hueck & Co. | 3,212 | ||||||
73 | Hochtief AG | 4,793 | ||||||
35 | LEG Immobilien AG | 3,925 | ||||||
175 | Merck KGaA | 17,668 | ||||||
66 | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 13,271 | ||||||
21 | Rheinmetall AG | 1,459 | ||||||
20 | TAG Immobilien AG | 393 | ||||||
81 | Talanx AG* | 2,725 | ||||||
2,745 | Telefonica Deutschland Holding AG | 6,739 | ||||||
225 | Uniper SE | 5,527 | ||||||
38 | Vonovia SE | 1,890 | ||||||
|
| |||||||
113,629 | ||||||||
|
| |||||||
Hong Kong - 3.3% | ||||||||
1,000 | Cathay Pacific Airways Ltd. | 1,065 | ||||||
5,000 | Champion REIT | 3,003 | ||||||
2,200 | Chow Tai Fook Jewellery Group Ltd. | 1,554 | ||||||
500 | CK Hutchison Holdings Ltd. | 3,333 | ||||||
600 | Dairy Farm International Holdings Ltd. | 2,760 | ||||||
300 | Hang Seng Bank Ltd. | 5,111 | ||||||
1,000 | Henderson Land Development Co., Ltd. | 3,785 | ||||||
2,500 | HK Electric Investments & HK Electric Investments Ltd. | 2,400 | ||||||
1,400 | Hongkong Land Holdings Ltd. | 5,238 | ||||||
1,000 | Hysan Development Co., Ltd. | 3,229 | ||||||
100 | Jardine Matheson Holdings Ltd. | 5,033 | ||||||
1,000 | Kerry Properties Ltd. | 2,615 | ||||||
900 | Link REIT | 7,586 | ||||||
4,000 | New World Development Co., Ltd. | 4,265 | ||||||
1,000 | NWS Holdings Ltd. | 1,019 | ||||||
6,000 | PCCW Ltd. | 3,290 |
Shares or Principal Amount | Market Value† | |||||||
COMMON STOCKS - 96.9% - (continued) | ||||||||
Hong Kong - 3.3% - (continued) | ||||||||
2,000 | Sino Land Co., Ltd. | $ | 2,517 | |||||
1,000 | SITC International Holdings Co., Ltd. | 931 | ||||||
1,000 | Swire Pacific Ltd. Class A | 6,366 | ||||||
1,000 | Swire Properties Ltd. | 2,794 | ||||||
300 | VTech Holdings Ltd. | 2,160 | ||||||
10,500 | WH Group Ltd.(2) | 9,692 | ||||||
1,000 | Yue Yuen Industrial Holdings Ltd. | 1,528 | ||||||
|
| |||||||
81,274 | ||||||||
|
| |||||||
Ireland - 0.6% | ||||||||
30 | CRH plc | 811 | ||||||
91 | ICON plc* | 12,376 | ||||||
19 | Kerry Group plc Class A | 2,205 | ||||||
|
| |||||||
15,392 | ||||||||
|
| |||||||
Israel - 1.3% | ||||||||
60 | Bank Hapoalim BM | 360 | ||||||
1,356 | Bank LeumiLe-Israel BM | 7,477 | ||||||
28 | First International Bank of Israel Ltd. | 676 | ||||||
2 | Isracard Ltd. | 5 | ||||||
1,111 | Israel Chemicals Ltd. | 3,538 | ||||||
2,261 | Israel Discount Bank Ltd. Class A | 6,593 | ||||||
317 | Mizrahi Tefahot Bank Ltd. | 5,835 | ||||||
81 | Strauss Group Ltd. | 2,128 | ||||||
46 | Taro Pharmaceutical Industries Ltd.* | 2,815 | ||||||
142 | Tower Semiconductor Ltd.* | 2,237 | ||||||
|
| |||||||
31,664 | ||||||||
|
| |||||||
Italy - 2.7% | ||||||||
2,035 | A2A S.p.A. | 2,511 | ||||||
39 | ACEA S.p.A. | 619 | ||||||
458 | Assicurazioni Generali S.p.A. | 6,204 | ||||||
19 | DiaSorin S.p.A. | 2,504 | ||||||
76 | Enav S.p.A.(2) | 335 | ||||||
1,036 | Enel S.p.A. | 7,146 | ||||||
995 | Eni S.p.A. | 9,888 | ||||||
1,364 | Hera S.p.A. | 4,935 | ||||||
1,045 | Iren S.p.A. | 2,604 | ||||||
499 | Italgas S.p.A. | 2,730 | ||||||
479 | Mediobanca Banca di Credito Finanziario S.p.A. | 2,612 | ||||||
951 | Poste Italiane S.p.A.(2) | 8,004 | ||||||
168 | Recordati S.p.A. | 7,078 | ||||||
1,243 | Unipol Gruppo S.p.A. | 4,239 | ||||||
2,583 | UnipolSai Assicurazioni S.p.A. | 6,357 | ||||||
|
| |||||||
67,766 | ||||||||
|
| |||||||
Japan - 24.3% | ||||||||
100 | ABC-Mart, Inc. | 5,005 | ||||||
100 | Aeon Co., Ltd. | 2,215 | ||||||
200 | Alfresa Holdings Corp. | 3,722 | ||||||
200 | ANA Holdings, Inc. | 4,873 | ||||||
200 | Aozora Bank Ltd. | 3,817 | ||||||
200 | Asahi Kasei Corp. | 1,401 | ||||||
1,300 | Astellas Pharma, Inc. | 20,030 | ||||||
200 | Azbil Corp. | 5,168 | ||||||
200 | Bandai Namco Holdings, Inc. | 9,701 | ||||||
300 | Bic Camera, Inc. | 2,423 | ||||||
400 | Bridgestone Corp. | 12,244 | ||||||
500 | Brother Industries Ltd. | 7,573 | ||||||
100 | Canon Marketing Japan, Inc. | 1,978 | ||||||
400 | Canon, Inc. | 8,692 | ||||||
100 | Casio Computer Co., Ltd. | 1,399 | ||||||
300 | Dai-ichi Life Holdings, Inc. | 3,563 | ||||||
100 | Daiichikosho Co., Ltd. | 2,676 | ||||||
2,500 | Daiwa Securities Group, Inc. | 9,661 | ||||||
300 | FUJIFILM Holdings Corp. | 14,784 | ||||||
100 | Fujitsu Ltd. | 9,007 |
The accompanying notes are an integral part of these financial statements.
| 7 |
|
Hartford Multifactor International Fund |
Schedule of Investments – (continued)
March 31, 2020 (Unaudited)
Shares or Principal Amount | Market Value† | |||||||
COMMON STOCKS - 96.9% - (continued) | ||||||||
Japan - 24.3% - (continued) | ||||||||
400 | Hakuhodo DY Holdings, Inc. | $ | 4,036 | |||||
600 | Haseko Corp. | 6,381 | ||||||
1,000 | Hino Motors Ltd. | 5,333 | ||||||
300 | Hitachi Ltd. | 8,618 | ||||||
400 | Honda Motor Co., Ltd. | 8,951 | ||||||
100 | Hoya Corp. | 8,503 | ||||||
600 | ITOCHU Corp. | 12,417 | ||||||
500 | Japan Airlines Co., Ltd. | 9,189 | ||||||
600 | Japan Post Holdings Co., Ltd. | 4,694 | ||||||
700 | K’s Holdings Corp. | 6,615 | ||||||
300 | Kajima Corp. | 3,066 | ||||||
100 | Kaken Pharmaceutical Co., Ltd. | 4,662 | ||||||
800 | KDDI Corp. | 23,631 | ||||||
1,000 | Konica Minolta, Inc. | 4,029 | ||||||
100 | Kyowa Exeo Corp. | 2,218 | ||||||
300 | Kyushu Railway Co. | 8,618 | ||||||
200 | Lawson, Inc. | 10,978 | ||||||
400 | Marubeni Corp. | 1,985 | ||||||
800 | Mazda Motor Corp. | 4,225 | ||||||
1,900 | Mebuki Financial Group, Inc. | 3,854 | ||||||
400 | Medipal Holdings Corp. | 7,474 | ||||||
200 | Mitsubishi Electric Corp. | 2,443 | ||||||
100 | Mitsubishi Heavy Industries Ltd. | 2,520 | ||||||
500 | Mitsubishi UFJ Lease & Finance Co., Ltd. | 2,447 | ||||||
200 | NEC Corp. | 7,283 | ||||||
100 | NH Foods Ltd. | 3,480 | ||||||
200 | Nihon Kohden Corp. | 7,553 | ||||||
300 | Nikon Corp. | 2,753 | ||||||
100 | Nippo Corp. | 2,196 | ||||||
600 | Nippon Telegraph & Telephone Corp. | 14,350 | ||||||
200 | NTT Data Corp. | 1,915 | ||||||
600 | NTT DOCOMO, Inc. | 18,764 | ||||||
300 | Obayashi Corp. | 2,546 | ||||||
600 | Olympus Corp. | 8,649 | ||||||
400 | ORIX Corp. | 4,772 | ||||||
400 | Osaka Gas Co., Ltd. | 7,511 | ||||||
100 | Otsuka Holdings Co., Ltd. | 3,902 | ||||||
800 | Panasonic Corp. | 6,056 | ||||||
500 | Resona Holdings, Inc. | 1,499 | ||||||
300 | Ricoh Co., Ltd. | 2,190 | ||||||
100 | Sankyo Co., Ltd. | 2,900 | ||||||
200 | Santen Pharmaceutical Co., Ltd. | 3,432 | ||||||
100 | Sawai Pharmaceutical Co., Ltd. | 5,358 | ||||||
700 | Seiko Epson Corp. | 7,534 | ||||||
200 | Sekisui Chemical Co., Ltd. | 2,635 | ||||||
700 | Sekisui House Ltd. | 11,544 | ||||||
200 | Seven & i Holdings Co., Ltd. | 6,605 | ||||||
100 | Shimamura Co., Ltd. | 6,043 | ||||||
600 | Shimizu Corp. | 4,669 | ||||||
100 | Shionogi & Co., Ltd. | 4,926 | ||||||
100 | Ship Healthcare Holdings, Inc. | 4,082 | ||||||
700 | Skylark Holdings Co., Ltd. | 10,377 | ||||||
100 | Square Enix Holdings Co., Ltd. | 4,468 | ||||||
600 | Subaru Corp. | 11,469 | ||||||
100 | Sugi Holdings Co., Ltd. | 5,355 | ||||||
500 | Sumitomo Dainippon Pharma Co., Ltd. | 6,491 | ||||||
600 | Sumitomo Electric Industries Ltd. | 6,269 | ||||||
300 | Sumitomo Forestry Co., Ltd. | 3,830 | ||||||
100 | Sumitomo Mitsui Trust Holdings, Inc. | 2,873 | ||||||
300 | Sumitomo Rubber Industries Ltd. | 2,818 | ||||||
100 | Sundrug Co., Ltd. | 3,204 | ||||||
200 | Suzuken Co., Ltd. | 7,266 | ||||||
100 | Taisei Corp. | 3,050 | ||||||
300 | Teijin Ltd. | 5,075 | ||||||
100 | Toho Gas Co., Ltd. | 4,508 |
Shares or Principal Amount | Market Value† | |||||||
COMMON STOCKS - 96.9% - (continued) | ||||||||
Japan - 24.3% - (continued) | ||||||||
300 | Tokio Marine Holdings, Inc. | $ | 13,726 | |||||
300 | Tokyo Electric Power Co. Holdings, Inc.* | 1,044 | ||||||
400 | Tokyo Gas Co., Ltd. | 9,425 | ||||||
300 | Toppan Printing Co., Ltd. | 4,580 | ||||||
200 | Tosoh Corp. | 2,260 | ||||||
300 | Toyota Boshoku Corp. | 3,548 | ||||||
100 | TS Tech Co., Ltd. | 2,349 | ||||||
100 | Tsumura & Co. | 2,550 | ||||||
100 | Tsuruha Holdings, Inc. | 13,185 | ||||||
200 | TV Asahi Holdings Corp. | 3,031 | ||||||
100 | Welcia Holdings Co., Ltd. | 7,022 | ||||||
100 | West Japan Railway Co. | 6,840 | ||||||
700 | Yamada Denki Co., Ltd. | 2,788 | ||||||
200 | Yamaha Motor Co., Ltd. | 2,405 | ||||||
300 | Yamazaki Baking Co., Ltd. | 6,253 | ||||||
300 | Z Holdings Corp | 956 | ||||||
100 | Zensho Holdings Co., Ltd. | 1,904 | ||||||
|
| |||||||
602,885 | ||||||||
|
| |||||||
Luxembourg - 0.3% | ||||||||
180 | Grand City Properties S.A. | 3,768 | ||||||
500 | L’Occitane International S.A. | 722 | ||||||
118 | RTL Group S.A. | 3,951 | ||||||
|
| |||||||
8,441 | ||||||||
|
| |||||||
Netherlands - 4.0% | ||||||||
88 | Aalberts N.V. | 2,108 | ||||||
496 | Aegon N.V. | 1,239 | ||||||
1,047 | Altice N.V. Class A* | 4,041 | ||||||
337 | ASR Nederland N.V. | 8,473 | ||||||
115 | GrandVision N.V.(2)(3) | 3,144 | ||||||
996 | ING Groep N.V. | 5,104 | ||||||
863 | Koninklijke Ahold Delhaize N.V. | 20,105 | ||||||
87 | Koninklijke DSM N.V. | 9,786 | ||||||
523 | NN Group N.V. | 14,213 | ||||||
315 | Randstad N.V. | 11,117 | ||||||
660 | Royal Dutch Shell plc Class A | 11,467 | ||||||
336 | Signify N.V.(2) | 6,512 | ||||||
18 | Wolters Kluwer N.V. | 1,274 | ||||||
|
| |||||||
98,583 | ||||||||
|
| |||||||
New Zealand - 0.6% | ||||||||
246 | Contact Energy Ltd. | 837 | ||||||
91 | EBOS Group Ltd. | 1,204 | ||||||
374 | Fisher & Paykel Healthcare Corp. Ltd. Class C | 6,799 | ||||||
425 | Fletcher Building Ltd. | 885 | ||||||
46 | Mainfreight Ltd. | 946 | ||||||
398 | Mercury NZ Ltd. | 996 | ||||||
150 | Meridian Energy Ltd. | 358 | ||||||
803 | Spark New Zealand Ltd.* | 1,980 | ||||||
|
| |||||||
14,005 | ||||||||
|
| |||||||
Norway - 1.3% | ||||||||
207 | Austevoll Seafood ASA | 1,473 | ||||||
649 | Equinor ASA | 8,091 | ||||||
321 | Leroy Seafood Group ASA | 1,571 | ||||||
238 | Marine Harvest ASA | 3,599 | ||||||
890 | Orkla ASA | 7,625 | ||||||
136 | Salmar ASA | 4,499 | ||||||
112 | SpareBank 1SR-Bank ASA | 635 | ||||||
273 | Storebrand ASA | 1,089 | ||||||
254 | Telenor ASA | 3,712 | ||||||
|
| |||||||
32,294 | ||||||||
|
| |||||||
Portugal - 0.4% | ||||||||
877 | Galp Energia SGPS S.A. | 10,030 | ||||||
|
|
The accompanying notes are an integral part of these financial statements.
| 8 |
|
Hartford Multifactor International Fund |
Schedule of Investments – (continued)
March 31, 2020 (Unaudited)
Shares or Principal Amount | Market Value† | |||||||
COMMON STOCKS - 96.9% - (continued) | ||||||||
Russia - 1.0% | ||||||||
2,072 | Evraz plc | $ | 5,928 | |||||
331 | Polymetal International plc | 5,665 | ||||||
4,787 | VEON Ltd. | 7,229 | ||||||
225 | X5 Retail Group N.V. GDR | 6,012 | ||||||
|
| |||||||
24,834 | ||||||||
|
| |||||||
Singapore - 1.7% | ||||||||
5,300 | ComfortDelGro Corp. Ltd. | 5,644 | ||||||
400 | DBS Group Holdings Ltd. | 5,219 | ||||||
9,300 | Mapletree Commercial Trust REIT | 11,928 | ||||||
1,200 | Mapletree North Asia Commercial Trust REIT | 675 | ||||||
736 | Oversea-Chinese Banking Corp. Ltd. | 4,459 | ||||||
1,200 | SATS Ltd. | 2,668 | ||||||
900 | Singapore Airlines Ltd. | 3,653 | ||||||
1,100 | Singapore Telecommunications Ltd. | 1,964 | ||||||
600 | Venture Corp. Ltd. | 5,716 | ||||||
|
| |||||||
41,926 | ||||||||
|
| |||||||
Spain - 2.3% | ||||||||
49 | Acciona S.A. | 5,183 | ||||||
368 | ACS Actividades de Construccion y Servicios S.A. | 7,308 | ||||||
418 | Banco Bilbao Vizcaya Argentaria S.A. | 1,294 | ||||||
359 | Bankinter S.A. | 1,302 | ||||||
96 | Bolsas y Mercados Espanoles SHMSF S.A. | 3,474 | ||||||
72 | Ebro Foods S.A. | 1,478 | ||||||
207 | Enagas S.A. | 4,084 | ||||||
568 | Endesa S.A. | 12,019 | ||||||
241 | Iberdrola S.A. | 2,357 | ||||||
392 | Inmobiliaria Colonial Socimi S.A. | 3,695 | ||||||
1,068 | Mapfre S.A. | 1,812 | ||||||
448 | Merlin Properties Socimi S.A. REIT | 3,381 | ||||||
108 | Red Electrica Corp. S.A. | 1,941 | ||||||
251 | Repsol S.A. | 2,239 | ||||||
541 | Telefonica S.A. | 2,462 | ||||||
35 | Viscofan S.A. | 1,917 | ||||||
|
| |||||||
55,946 | ||||||||
|
| |||||||
Sweden - 2.7% | ||||||||
74 | Atrium Ljungberg AB Class B | 1,152 | ||||||
194 | Axfood AB | 3,945 | ||||||
330 | Castellum AB | 5,564 | ||||||
81 | Electrolux AB Class B | 1,001 | ||||||
81 | Electrolux Professional AB Class B* | 233 | ||||||
196 | Fastighets AB Balder Class B* | 7,086 | ||||||
227 | Hennes & Mauritz AB Class B(3) | 2,905 | ||||||
214 | ICA Gruppen AB | 8,938 | ||||||
74 | Industrivarden AB Class A | 1,418 | ||||||
93 | Investor AB Class B | 4,196 | ||||||
82 | L E Lundbergforetagen AB Class B | 3,324 | ||||||
129 | Loomis AB Class B | 2,611 | ||||||
249 | Peab AB Class B | 1,783 | ||||||
589 | Securitas AB Class B | 6,327 | ||||||
243 | Skanska AB Class B* | 3,657 | ||||||
107 | Svenska Handelsbanken AB Class A* | 882 | ||||||
776 | Swedbank AB Class A | 8,559 | ||||||
536 | Telia Co., AB | 1,919 | ||||||
33 | Volvo AB Class B | 392 | ||||||
89 | Wihlborgs Fastigheter AB | 1,231 | ||||||
|
| |||||||
67,123 | ||||||||
|
| |||||||
Switzerland - 6.5% | ||||||||
196 | Adecco Group AG | 7,724 | ||||||
104 | Baloise Holding AG | 13,559 | ||||||
3 | Banque Cantonale Vaudoise | 2,456 | ||||||
15 | Bucher Industries AG | 3,954 | ||||||
158 | Credit Suisse Group AG* | 1,275 | ||||||
57 | Helvetia Holding AG | 4,870 |
Shares or Principal Amount | Market Value† | |||||||
COMMON STOCKS - 96.9% - (continued) | ||||||||
Switzerland - 6.5% - (continued) | ||||||||
76 | Julius Baer Group Ltd. | $ | 2,546 | |||||
82 | Kuehne + Nagel International AG | 11,170 | ||||||
71 | Nestle S.A. | 7,268 | ||||||
95 | Novartis AG | 7,837 | ||||||
51 | PSP Swiss Property AG | 6,377 | ||||||
67 | Roche Holding AG | 21,557 | ||||||
1 | SGS S.A. | 2,306 | ||||||
25 | Sonova Holding AG | 4,458 | ||||||
60 | Sunrise Communications Group AG*(2) | 4,809 | ||||||
46 | Swiss Life Holding AG | 15,440 | ||||||
27 | Swiss Prime Site AG | 2,628 | ||||||
113 | Swiss Re AG | 8,701 | ||||||
22 | Swisscom AG | 11,781 | ||||||
57 | Zurich Insurance Group AG | 20,024 | ||||||
|
| |||||||
160,740 | ||||||||
|
| |||||||
United Kingdom - 10.6% | ||||||||
437 | 3i Group plc | 4,234 | ||||||
253 | Anglo American plc | 4,434 | ||||||
65 | Ashtead Group plc | 1,405 | ||||||
123 | AstraZeneca plc | 10,959 | ||||||
162 | Auto Trader Group plc(2) | 875 | ||||||
350 | Babcock International Group plc | 1,652 | ||||||
548 | Barratt Developments plc | 2,962 | ||||||
246 | Bellway plc | 6,517 | ||||||
47 | Berkeley Group Holdings plc | 2,098 | ||||||
1,703 | BP plc | 6,984 | ||||||
264 | Britvic plc | 2,288 | ||||||
5,429 | BT Group plc | 7,897 | ||||||
2,800 | Capita plc* | 1,133 | ||||||
6,811 | Centrica plc | 3,209 | ||||||
212 | Close Brothers Group plc | 2,948 | ||||||
34 | Coca-Cola European Partners plc | 1,299 | ||||||
154 | Compass Group plc | 2,399 | ||||||
2,234 | ConvaTec Group plc(2) | 5,137 | ||||||
389 | Dart Group plc | 2,626 | ||||||
60 | Diageo plc | 1,903 | ||||||
236 | Dialog Semiconductor plc* | 6,134 | ||||||
3,611 | Direct Line Insurance Group plc | 13,183 | ||||||
301 | Electrocomponents plc | 1,916 | ||||||
132 | Ferguson plc | 8,162 | ||||||
638 | Fiat Chrysler Automobiles N.V. | 4,587 | ||||||
585 | Frasers Group plc* | 1,318 | ||||||
579 | GlaxoSmithKline plc | 10,864 | ||||||
291 | Hikma Pharmaceuticals plc | 7,318 | ||||||
974 | Howden Joinery Group plc | 6,127 | ||||||
799 | HSBC Holdings plc | 4,485 | ||||||
77 | IMI plc | 711 | ||||||
1,557 | ITV plc | 1,278 | ||||||
2,353 | Kingfisher plc | 4,133 | ||||||
5,594 | Legal & General Group plc | 13,217 | ||||||
298 | Mondi plc | 5,029 | ||||||
610 | National Grid plc | 7,127 | ||||||
126 | Pennon Group plc | 1,685 | ||||||
71 | Persimmon plc | 1,678 | ||||||
796 | Redrow plc | 3,529 | ||||||
304 | Rio Tinto plc | 13,936 | ||||||
3,615 | Royal Mail plc | 5,573 | ||||||
675 | RSA Insurance Group plc | 3,522 | ||||||
892 | Smith & Nephew plc | 15,714 | ||||||
632 | SSE plc | 10,156 | ||||||
854 | Tate & Lyle plc | 6,948 | ||||||
920 | Taylor Wimpey plc | 1,324 | ||||||
133 | Travis Perkins plc | 1,446 | ||||||
1,483 | Tritax Big Box plc REIT | 2,064 | ||||||
322 | Unilever N.V. | 15,827 |
The accompanying notes are an integral part of these financial statements.
| 9 |
|
Hartford Multifactor International Fund |
Schedule of Investments – (continued)
March 31, 2020 (Unaudited)
Shares or Principal Amount | Market Value† | |||||||
COMMON STOCKS - 96.9% - (continued) | ||||||||
United Kingdom - 10.6% - (continued) | ||||||||
228 | WH Smith plc | $ | 3,202 | |||||
2,282 | WM Morrison Supermarkets plc | 4,985 | ||||||
598 | WPP plc | 4,066 | ||||||
|
| |||||||
264,203 | ||||||||
|
| |||||||
Total Common Stocks | $ | 2,405,975 | ||||||
|
| |||||||
SHORT-TERM INVESTMENTS - 1.0% | ||||||||
Other Investment Pools & Funds - 0.1% | ||||||||
1,058 | Fidelity Institutional Government Fund, Institutional Class, 0.27%(4) | $ | 1,058 | |||||
|
| |||||||
Securities Lending Collateral - 0.9% | ||||||||
1,142 | Citibank NA DDCA, 0.08%, 4/1/2020(4) | 1,142 | ||||||
12,242 | Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.30%(4) | 12,242 | ||||||
2,431 | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.32%(4) | 2,431 | ||||||
6,988 | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 0.23%(4) | 6,988 | ||||||
|
| |||||||
22,803 | ||||||||
|
| |||||||
Total Short-Term Investments | $ | 23,861 | ||||||
|
|
Total Investments | 97.9 | % | $ | 2,429,836 | ||||||||
Other Assets and Liabilities | 2.1 | % | 52,392 | |||||||||
|
|
|
| |||||||||
Total Net Assets | 100.0 | % | $ | 2,482,228 | ||||||||
|
|
|
|
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
See “Glossary” for abbreviation descriptions. |
* | Non-income producing. |
(1) | This security is valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At March 31, 2020, the aggregate fair value of this security was $330, which represented 0.0% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors. |
(2) | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At March 31, 2020, the aggregate value of these securities was $54,354, representing 2.2% of net assets. |
(3) | Represents entire or partial securities on loan. See Note 7 in the accompanying Notes to Financial Statements for securities lending information. |
(4) | Current yield as of period end. |
(5) | Investment valued using significant unobservable inputs. |
† | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of March 31, 2020 in valuing the Fund’s investments.
Description | Total | Level 1 | Level 2 | Level 3(1) | ||||||||||||
Assets |
| |||||||||||||||
Common Stocks |
| |||||||||||||||
Australia | $ | 179,642 | $ | — | $ | 179,312 | $ | 330 | ||||||||
Austria | 3,319 | — | 3,319 | — | ||||||||||||
Belgium | 49,526 | — | 49,526 | — | ||||||||||||
Canada | 255,715 | 255,715 | — | — | ||||||||||||
China | 3,517 | — | 3,517 | — | ||||||||||||
Denmark | 60,677 | — | 60,677 | — | ||||||||||||
Finland | 16,273 | — | 16,273 | — | ||||||||||||
France | 146,571 | — | 146,571 | — | ||||||||||||
Germany | 113,629 | — | 113,629 | — | ||||||||||||
Hong Kong | 81,274 | — | 81,274 | — | ||||||||||||
Ireland | 15,392 | 14,581 | 811 | — | ||||||||||||
Israel | 31,664 | 2,820 | 28,844 | — | ||||||||||||
Italy | 67,766 | — | 67,766 | — | ||||||||||||
Japan | 602,885 | 7,022 | 595,863 | — | ||||||||||||
Luxembourg | 8,441 | — | 8,441 | — | ||||||||||||
Netherlands | 98,583 | 1,274 | 97,309 | — | ||||||||||||
New Zealand | 14,005 | — | 14,005 | — | ||||||||||||
Norway | 32,294 | — | 32,294 | — | ||||||||||||
Portugal | 10,030 | — | 10,030 | — | ||||||||||||
Russia | 24,834 | 7,229 | 17,605 | — | ||||||||||||
Singapore | 41,926 | — | 41,926 | — | ||||||||||||
Spain | 55,946 | 1,478 | 54,468 | — | ||||||||||||
Sweden | 67,123 | 233 | 66,890 | — | ||||||||||||
Switzerland | 160,740 | — | 160,740 | — | ||||||||||||
United Kingdom | 264,203 | 5,886 | 258,317 | — | ||||||||||||
Short-Term Investments | 23,861 | 23,861 | — | — | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 2,429,836 | $ | 320,099 | $ | 2,109,407 | $ | 330 | ||||||||
|
|
|
|
|
|
|
|
(1) | For the six-month period ended March 31, 2020, there were no transfers in and out of Level 3. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the six-month period ended March 31, 2020 is not presented.
The accompanying notes are an integral part of these financial statements.
| 10 |
|
Hartford Multifactor Large Cap Value Fund |
Schedule of Investments
March 31, 2020 (Unaudited)
Shares or Principal Amount | Market Value† | |||||||
COMMON STOCKS - 94.8% | ||||||||
Automobiles & Components - 1.1% | ||||||||
761 | Ford Motor Co. | $ | 3,676 | |||||
143 | General Motors Co. | 2,971 | ||||||
137 | Gentex Corp. | 3,036 | ||||||
|
| |||||||
9,683 | ||||||||
|
| |||||||
Banks - 5.5% | ||||||||
282 | Bank of America Corp. | 5,987 | ||||||
20 | Bank of Hawaii Corp. | 1,105 | ||||||
78 | Citigroup, Inc. | 3,286 | ||||||
5 | First Citizens BancShares, Inc. Class A | 1,664 | ||||||
91 | First Hawaiian, Inc. | 1,504 | ||||||
143 | JP Morgan Chase & Co. | 12,874 | ||||||
222 | MGIC Investment Corp. | 1,410 | ||||||
44 | PNC Financial Services Group, Inc. | 4,212 | ||||||
16 | Radian Group, Inc. | 207 | ||||||
74 | Truist Financial Corp. | 2,282 | ||||||
153 | U.S. Bancorp | 5,271 | ||||||
256 | Wells Fargo & Co. | 7,347 | ||||||
|
| |||||||
47,149 | ||||||||
|
| |||||||
Capital Goods - 7.3% | ||||||||
32 | Cummins, Inc. | 4,330 | ||||||
17 | Curtiss-Wright Corp. | 1,571 | ||||||
45 | Dover Corp. | 3,777 | ||||||
83 | Eaton Corp. plc | 6,448 | ||||||
59 | EMCOR Group, Inc. | 3,618 | ||||||
119 | Emerson Electric Co. | 5,670 | ||||||
25 | Fortune Brands Home & Security, Inc. | 1,081 | ||||||
170 | Johnson Controls International plc | 4,583 | ||||||
71 | PACCAR, Inc. | 4,340 | ||||||
57 | Raytheon Technologies Corp. | 5,377 | ||||||
58 | Simpson Manufacturing Co., Inc. | 3,595 | ||||||
23 | Snap-on, Inc. | 2,503 | ||||||
72 | Trane Technologies plc | 5,947 | ||||||
36 | Wabco Holdings, Inc.* | 4,862 | ||||||
29 | Watsco, Inc. | 4,583 | ||||||
|
| |||||||
62,285 | ||||||||
|
| |||||||
Commercial & Professional Services - 1.4% | ||||||||
92 | IHS Markit Ltd. | 5,520 | ||||||
52 | ManpowerGroup, Inc. | 2,756 | ||||||
52 | Republic Services, Inc. | 3,903 | ||||||
|
| |||||||
12,179 | ||||||||
|
| |||||||
Consumer Durables & Apparel - 1.4% | ||||||||
13 | Carter’s, Inc. | 855 | ||||||
88 | D.R. Horton, Inc. | 2,992 | ||||||
27 | Helen of Troy Ltd.* | 3,889 | ||||||
37 | Lennar Corp. Class A | 1,413 | ||||||
118 | PulteGroup, Inc. | 2,634 | ||||||
|
| |||||||
11,783 | ||||||||
|
| |||||||
Consumer Services - 0.6% | ||||||||
56 | Aramark | 1,118 | ||||||
409 | Caesars Entertainment Corp.* | 2,765 | ||||||
108 | Norwegian Cruise Line Holdings Ltd.* | 1,184 | ||||||
|
| |||||||
5,067 | ||||||||
|
| |||||||
Diversified Financials - 5.3% | ||||||||
268 | AGNC Investment Corp. REIT | 2,835 | ||||||
529 | Annaly Capital Management, Inc. REIT | 2,682 | ||||||
117 | Berkshire Hathaway, Inc. Class B* | 21,391 | ||||||
6 | BlackRock, Inc. | 2,640 | ||||||
125 | Blackstone Mortgage Trust, Inc. Class A REIT | 2,328 | ||||||
8 | Capital One Financial Corp. | 403 | ||||||
12 | Cboe Global Markets, Inc. | 1,071 | ||||||
225 | Chimera Investment Corp. REIT | 2,048 |
Shares or Principal Amount | Market Value† | |||||||
COMMON STOCKS - 94.8% - (continued) | ||||||||
Diversified Financials - 5.3% - (continued) | ||||||||
51 | Intercontinental Exchange, Inc. | $ | 4,118 | |||||
644 | MFA Financial, Inc. REIT | 998 | ||||||
25 | Nasdaq, Inc. | 2,374 | ||||||
202 | Starwood Property Trust, Inc. REIT | 2,071 | ||||||
29 | Two Harbors Investment Corp. REIT | 110 | ||||||
|
| |||||||
45,069 | ||||||||
|
| |||||||
Energy - 7.2% | ||||||||
299 | Chevron Corp. | 21,665 | ||||||
74 | ConocoPhillips | 2,279 | ||||||
414 | Exxon Mobil Corp. | 15,720 | ||||||
381 | Kinder Morgan, Inc. | 5,303 | ||||||
114 | ONEOK, Inc. | 2,486 | ||||||
104 | Phillips 66 | 5,580 | ||||||
119 | Valero Energy Corp. | 5,398 | ||||||
205 | Williams Cos., Inc. | 2,901 | ||||||
|
| |||||||
61,332 | ||||||||
|
| |||||||
Food & Staples Retailing - 0.3% | ||||||||
148 | U.S. Foods Holding Corp.* | 2,621 | ||||||
|
| |||||||
Food, Beverage & Tobacco - 4.1% | ||||||||
15 | Altria Group, Inc. | 580 | ||||||
127 | Archer-Daniels-Midland Co. | 4,468 | ||||||
211 | Flowers Foods, Inc. | 4,330 | ||||||
149 | General Mills, Inc. | 7,863 | ||||||
114 | Hormel Foods Corp. | 5,317 | ||||||
35 | Ingredion, Inc. | 2,642 | ||||||
78 | Kellogg Co. | 4,679 | ||||||
93 | Mondelez International, Inc. Class A | 4,657 | ||||||
9 | Tyson Foods, Inc. Class A | 521 | ||||||
|
| |||||||
35,057 | ||||||||
|
| |||||||
Health Care Equipment & Services - 6.5% | ||||||||
68 | Cerner Corp. | 4,283 | ||||||
59 | CVS Health Corp. | 3,501 | ||||||
25 | Danaher Corp. | 3,460 | ||||||
78 | Dentsply Sirona, Inc. | 3,029 | ||||||
80 | Henry Schein, Inc.* | 4,042 | ||||||
27 | Laboratory Corp. of America Holdings* | 3,413 | ||||||
278 | Medtronic plc | 25,070 | ||||||
44 | Quest Diagnostics, Inc. | 3,533 | ||||||
4 | Universal Health Services, Inc. Class B | 396 | ||||||
42 | Zimmer Biomet Holdings, Inc. | 4,245 | ||||||
|
| |||||||
54,972 | ||||||||
|
| |||||||
Household & Personal Products - 2.2% | ||||||||
170 | Procter & Gamble Co. | 18,700 | ||||||
|
| |||||||
Insurance - 11.2% | ||||||||
159 | Aflac, Inc. | 5,444 | ||||||
7 | Alleghany Corp. | 3,866 | ||||||
70 | Allstate Corp. | 6,421 | ||||||
54 | American Financial Group, Inc. | 3,784 | ||||||
115 | Arch Capital Group Ltd.* | 3,273 | ||||||
47 | Arthur J Gallagher & Co. | 3,831 | ||||||
26 | Assured Guaranty Ltd. | 671 | ||||||
46 | Chubb Ltd. | 5,138 | ||||||
44 | Cincinnati Financial Corp. | 3,320 | ||||||
110 | CNA Financial Corp. | 3,414 | ||||||
19 | Everest Re Group Ltd. | 3,656 | ||||||
121 | Fidelity National Financial, Inc. | 3,011 | ||||||
80 | First American Financial Corp. | 3,393 | ||||||
53 | Globe Life, Inc. | 3,814 | ||||||
40 | Hanover Insurance Group, Inc. | 3,623 | ||||||
27 | Loews Corp. | 940 | ||||||
4 | Markel Corp.* | 3,712 | ||||||
183 | MetLife, Inc. | 5,594 |
The accompanying notes are an integral part of these financial statements.
| 11 |
|
Hartford Multifactor Large Cap Value Fund |
Schedule of Investments – (continued)
March 31, 2020 (Unaudited)
Shares or Principal Amount | Market Value† | |||||||
COMMON STOCKS - 94.8% - (continued) | ||||||||
Insurance - 11.2% - (continued) | ||||||||
239 | Old Republic International Corp. | $ | 3,645 | |||||
22 | Principal Financial Group, Inc. | 690 | ||||||
91 | Prudential Financial, Inc. | 4,745 | ||||||
37 | Reinsurance Group of America, Inc. | 3,113 | ||||||
47 | Travelers Cos., Inc. | 4,669 | ||||||
5 | White Mountains Insurance Group Ltd. | 4,550 | ||||||
22 | Willis Towers Watson plc | 3,737 | ||||||
71 | WR Berkley Corp. | 3,704 | ||||||
|
| |||||||
95,758 | ||||||||
|
| |||||||
Materials - 4.1% | ||||||||
11 | Avery Dennison Corp. | 1,121 | ||||||
15 | Celanese Corp. | 1,101 | ||||||
28 | Ecolab, Inc. | 4,363 | ||||||
199 | Graphic Packaging Holding Co. | 2,428 | ||||||
18 | Martin Marietta Materials, Inc. | 3,406 | ||||||
29 | Packaging Corp. of America | 2,518 | ||||||
73 | PPG Industries, Inc. | 6,103 | ||||||
22 | Reliance Steel & Aluminum Co. | 1,927 | ||||||
74 | RPM International, Inc. | 4,403 | ||||||
90 | Sonoco Products Co. | 4,171 | ||||||
29 | Vulcan Materials Co. | 3,134 | ||||||
|
| |||||||
34,675 | ||||||||
|
| |||||||
Media & Entertainment - 3.7% | ||||||||
16 | Charter Communications, Inc. Class A* | 6,981 | ||||||
300 | Comcast Corp. Class A | 10,314 | ||||||
14 | DISH Network Corp. Class A* | 280 | ||||||
178 | Interpublic Group of Cos., Inc. | 2,882 | ||||||
19 | Liberty Broadband Corp. Class C* | 2,103 | ||||||
110 | Liberty Media Corp-Liberty SiriusXM Class C* | 3,478 | ||||||
70 | Omnicom Group, Inc. | 3,843 | ||||||
13 | Walt Disney Co. | 1,256 | ||||||
|
| |||||||
31,137 | ||||||||
|
| |||||||
Pharmaceuticals, Biotechnology & Life Sciences - 3.8% | ||||||||
40 | Allergan plc | 7,084 | ||||||
92 | Gilead Sciences, Inc. | 6,878 | ||||||
564 | Pfizer, Inc. | 18,409 | ||||||
|
| |||||||
32,371 | ||||||||
|
| |||||||
Real Estate - 4.2% | ||||||||
20 | Alexandria Real Estate Equities, Inc. REIT | 2,741 | ||||||
387 | Apple Hospitality, Inc. REIT | 3,549 | ||||||
12 | AvalonBay Communities, Inc. REIT | 1,766 | ||||||
22 | Camden Property Trust REIT | 1,743 | ||||||
70 | Duke Realty Corp. REIT | 2,267 | ||||||
150 | Equity Commonwealth REIT | 4,757 | ||||||
26 | Equity Residential REIT | 1,604 | ||||||
16 | Essex Property Trust, Inc. REIT | 3,524 | ||||||
24 | Healthpeak Properties, Inc. REIT | 572 | ||||||
283 | Host Hotels & Resorts, Inc. REIT | 3,124 | ||||||
36 | Mid-America Apartment Communities, Inc. REIT | 3,709 | ||||||
36 | National Health Investors, Inc. REIT | 1,783 | ||||||
4 | National Retail Properties, Inc. REIT | 129 | ||||||
16 | Realty Income Corp. REIT | 798 | ||||||
73 | Vornado Realty Trust REIT | 2,643 | ||||||
62 | Weyerhaeuser Co., REIT | 1,051 | ||||||
|
| |||||||
35,760 | ||||||||
|
| |||||||
Retailing - 1.1% | ||||||||
57 | Genuine Parts Co. | 3,838 | ||||||
45 | LKQ Corp.* | 923 | ||||||
47 | Target Corp. | 4,369 | ||||||
|
| |||||||
9,130 | ||||||||
|
|
Shares or Principal Amount | Market Value† | |||||||
COMMON STOCKS - 94.8% - (continued) | ||||||||
Semiconductors & Semiconductor Equipment - 3.3% | ||||||||
8 | Applied Materials, Inc. | $ | 367 | |||||
4 | Broadcom, Inc. | 948 | ||||||
211 | Cypress Semiconductor Corp. | 4,921 | ||||||
313 | Intel Corp. | 16,940 | ||||||
5 | Lam Research Corp. | 1,200 | ||||||
38 | Skyworks Solutions, Inc. | 3,396 | ||||||
|
| |||||||
27,772 | ||||||||
|
| |||||||
Software & Services - 3.6% | ||||||||
73 | Amdocs Ltd. | 4,013 | ||||||
70 | Black Knight, Inc.* | 4,064 | ||||||
19 | CACI International, Inc. Class A* | 4,012 | ||||||
129 | Cognizant Technology Solutions Corp. Class A | 5,995 | ||||||
52 | Fidelity National Information Services, Inc. | 6,325 | ||||||
35 | Global Payments, Inc. | 5,048 | ||||||
169 | Sabre Corp. | 1,002 | ||||||
|
| |||||||
30,459 | ||||||||
|
| |||||||
Technology Hardware & Equipment - 2.5% | ||||||||
71 | Arrow Electronics, Inc.* | 3,683 | ||||||
62 | FLIR Systems, Inc. | 1,977 | ||||||
48 | Hewlett Packard Enterprise Co. | 466 | ||||||
218 | Juniper Networks, Inc. | 4,173 | ||||||
98 | Seagate Technology plc | 4,782 | ||||||
94 | TE Connectivity Ltd. | 5,920 | ||||||
|
| |||||||
21,001 | ||||||||
|
| |||||||
Telecommunication Services - 7.1% | ||||||||
775 | AT&T, Inc. | 22,591 | ||||||
54 | T-Mobile U.S., Inc.* | 4,531 | ||||||
619 | Verizon Communications, Inc. | 33,259 | ||||||
|
| |||||||
60,381 | ||||||||
|
| |||||||
Transportation - 0.5% | ||||||||
101 | Delta Air Lines, Inc. | 2,881 | ||||||
5 | Kansas City Southern | 636 | ||||||
5 | Old Dominion Freight Line, Inc. | 591 | ||||||
|
| |||||||
4,108 | ||||||||
|
| |||||||
Utilities - 6.8% | ||||||||
12 | Alliant Energy Corp. | 579 | ||||||
7 | Ameren Corp. | 510 | ||||||
61 | American Electric Power Co., Inc. | 4,879 | ||||||
20 | Atmos Energy Corp. | 1,985 | ||||||
45 | CMS Energy Corp. | 2,644 | ||||||
78 | Consolidated Edison, Inc. | 6,084 | ||||||
15 | Dominion Energy, Inc. | 1,083 | ||||||
37 | DTE Energy Co. | 3,514 | ||||||
58 | Duke Energy Corp. | 4,691 | ||||||
28 | Entergy Corp. | 2,631 | ||||||
5 | Eversource Energy | 391 | ||||||
39 | Exelon Corp. | 1,435 | ||||||
139 | FirstEnergy Corp. | 5,570 | ||||||
29 | NextEra Energy, Inc. | 6,978 | ||||||
37 | PPL Corp. | 913 | ||||||
42 | Public Service Enterprise Group, Inc. | 1,886 | ||||||
74 | Southern Co. | 4,006 | ||||||
55 | WEC Energy Group, Inc. | 4,847 | ||||||
56 | Xcel Energy, Inc. | 3,377 | ||||||
|
| |||||||
58,003 | ||||||||
|
| |||||||
Total Common Stocks | $ | 806,452 | ||||||
|
|
The accompanying notes are an integral part of these financial statements.
| 12 |
|
Hartford Multifactor Large Cap Value Fund |
Schedule of Investments – (continued)
March 31, 2020 (Unaudited)
Shares or Principal Amount | Market Value† | |||||||
SHORT-TERM INVESTMENTS - 0.1% | ||||||||
Other Investment Pools & Funds - 0.1% | ||||||||
981 | Fidelity Institutional Government Fund, Institutional Class, 0.27%(1) | $ | 981 | |||||
|
| |||||||
Total Short-Term Investments | $ | 981 | ||||||
|
|
Total Investments | 94.9 | % | $ | 807,433 | ||||||||
Other Assets and Liabilities | 5.1 | % | 43,620 | |||||||||
|
|
|
| |||||||||
Total Net Assets | 100.0 | % | $ | 851,053 | ||||||||
|
|
|
|
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. |
For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. |
See “Glossary” for abbreviation descriptions. |
* | Non-income producing. |
(1) | Current yield as of period end. |
† | See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments. |
Fair Valuation Summary
The following is a summary of the fair valuations according to the inputs used as of March 31, 2020 in valuing the Fund’s investments.
Description | Total | Level 1 | Level 2 | Level 3(1) | ||||||||||||
Assets |
| |||||||||||||||
Common Stocks |
| |||||||||||||||
Automobiles & Components | $ | 9,683 | $ | 9,683 | $ | — | $ | — | ||||||||
Banks | 47,149 | 47,149 | — | — | ||||||||||||
Capital Goods | 62,285 | 62,285 | — | — | ||||||||||||
Commercial & Professional Services | 12,179 | 12,179 | — | — | ||||||||||||
Consumer Durables & Apparel | 11,783 | 11,783 | — | — | ||||||||||||
Consumer Services | 5,067 | 5,067 | — | — | ||||||||||||
Diversified Financials | 45,069 | 45,069 | — | — | ||||||||||||
Energy | 61,332 | 61,332 | — | — | ||||||||||||
Food & Staples Retailing | 2,621 | 2,621 | — | — | ||||||||||||
Food, Beverage & Tobacco | 35,057 | 35,057 | — | — | ||||||||||||
Health Care Equipment & Services | 54,972 | 54,972 | — | — | ||||||||||||
Household & Personal Products | 18,700 | 18,700 | — | — | ||||||||||||
Insurance | 95,758 | 95,758 | — | — | ||||||||||||
Materials | 34,675 | 34,675 | — | — | ||||||||||||
Media & Entertainment | 31,137 | 31,137 | — | — | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences | 32,371 | 32,371 | — | — | ||||||||||||
Real Estate | 35,760 | 35,760 | — | — | ||||||||||||
Retailing | 9,130 | 9,130 | — | — | ||||||||||||
Semiconductors & Semiconductor Equipment | 27,772 | 27,772 | — | — | ||||||||||||
Software & Services | 30,459 | 30,459 | — | — | ||||||||||||
Technology Hardware & Equipment | 21,001 | 21,001 | — | — | ||||||||||||
Telecommunication Services | 60,381 | 60,381 | — | — | ||||||||||||
Transportation | 4,108 | 4,108 | — | — | ||||||||||||
Utilities | 58,003 | 58,003 | — | — | ||||||||||||
Short-Term Investments | 981 | 981 | — | — | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 807,433 | $ | 807,433 | $ | — | $ | — | ||||||||
|
|
|
|
|
|
|
|
(1) | For the six-month period ended March 31, 2020, there were no transfers in and out of Level 3. |
The accompanying notes are an integral part of these financial statements.
| 13 |
|
Hartford Multifactor Funds |
Glossary (abbreviations used in the preceding Schedules of Investments)
Other Abbreviations: | ||
DDCA | Dollars on Deposit in Custody Account | |
GDR | Global Depositary Receipt | |
REIT | Real Estate Investment Trust |
| 14 |
|
Hartford Multifactor Funds |
Statements of Assets and Liabilities
March 31, 2020 (Unaudited)
Hartford Multifactor International Fund | Hartford Multifactor Large Cap Value Fund | |||||||
Assets: |
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Investments in securities, at market value(1) | $ | 2,429,836 | $ | 807,433 | ||||
Foreign currency | 6,018 | — | ||||||
Receivables: |
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Dividends and interest | 12,345 | 1,661 | ||||||
Securities lending income | 19 | — | ||||||
Tax reclaims | 739 | — | ||||||
Other assets | 75,017 | 49,366 | ||||||
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Total assets | 2,523,974 | 858,460 | ||||||
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Liabilities: |
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Obligation to return securities lending collateral | 22,803 | — | ||||||
Payables: |
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Investment management fees | 635 | 146 | ||||||
Transfer agent fees | 27 | 17 | ||||||
Accounting services fees | 31 | 11 | ||||||
Board of Directors’ fees | 127 | 128 | ||||||
Distribution fees | 10 | 11 | ||||||
Accrued expenses | 18,113 | 7,094 | ||||||
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Total liabilities | 41,746 | 7,407 | ||||||
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Net assets | $ | 2,482,228 | $ | 851,053 | ||||
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Summary of Net Assets: |
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Capital stock andpaid-in-capital | $ | 3,056,118 | $ | 1,035,759 | ||||
Distributable loss | (573,890 | ) | (184,706 | ) | ||||
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Net assets | $ | 2,482,228 | $ | 851,053 | ||||
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Shares authorized | 300,000,000 | 300,000,000 | ||||||
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Par value | $ | 0.0001 | $ | 0.0001 | ||||
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Class R3: Net asset value per share | $ | 8.11 | $ | 8.22 | ||||
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Shares outstanding | 10,189 | 10,341 | ||||||
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Net Assets | $ | 82,681 | $ | 85,048 | ||||
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Class R4: Net asset value per share | $ | 8.12 | $ | 8.23 | ||||
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Shares outstanding | 10,180 | 10,332 | ||||||
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Net Assets | $ | 82,694 | $ | 85,063 | ||||
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Class R5: Net asset value per share | $ | 8.13 | $ | 8.24 | ||||
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Shares outstanding | 101,731 | 20,649 | ||||||
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Net Assets | $ | 827,434 | $ | 170,205 | ||||
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Class R6: Net asset value per share | $ | 8.13 | $ | 8.25 | ||||
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Shares outstanding | 101,729 | 30,976 | ||||||
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Net Assets | $ | 827,490 | $ | 255,400 | ||||
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Class Y: Net asset value per share | $ | 8.13 | $ | 8.24 | ||||
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Shares outstanding | 71,210 | 20,647 | ||||||
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Net Assets | $ | 579,181 | $ | 170,199 | ||||
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Class F: Net asset value per share | $ | 8.13 | $ | 8.25 | ||||
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Shares outstanding | 10,173 | 10,326 | ||||||
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Net Assets | $ | 82,748 | $ | 85,138 | ||||
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Cost of investments | $ | 2,915,941 | $ | 965,827 | ||||
Cost of foreign currency | $ | 5,958 | $ | — | ||||
(1) Includes Investment in securities on loan, at market value | $ | 33,305 | $ | — |
The accompanying notes are an integral part of these financial statements.
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Hartford Multifactor Funds |
Statements of Operations
For theSix-Month Period Ended March 31, 2020 (Unaudited)
Hartford Multifactor International Fund | Hartford Multifactor Large Cap Value Fund | |||||||
Investment Income: |
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Dividends | $ | 39,762 | $ | 16,346 | ||||
Interest | 36 | 36 | ||||||
Securities lending | 57 | — | ||||||
Less: Foreign tax withheld | (4,614 | ) | — | |||||
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Total investment income, net | 35,241 | 16,382 | ||||||
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Expenses: |
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Investment management fees | 4,520 | 1,027 | ||||||
Transfer agent fees |
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Class R3 | 51 | 71 | ||||||
Class R4 | 50 | 70 | ||||||
Class R5 | 51 | 71 | ||||||
Class R6 | 21 | 8 | ||||||
Class Y | 64 | 84 | ||||||
Class F | 2 | 2 | ||||||
Distribution fees |
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Class R3 | 260 | 270 | ||||||
Class R4 | 130 | 135 | ||||||
Custodian fees | 9,098 | 2,262 | ||||||
Registration and filing fees | 61,657 | 61,620 | ||||||
Accounting services fees | 255 | 88 | ||||||
Board of Directors’ fees | 166 | 143 | ||||||
Audit fees | 12,705 | 10,222 | ||||||
Other expenses | 4,198 | 3,904 | ||||||
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Total expenses (before waivers, reimbursements and fees paid indirectly) | 93,228 | 79,977 | ||||||
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Expense waivers | (87,316 | ) | (77,977 | ) | ||||
Distribution fee reimbursements | (399 | ) | (415 | ) | ||||
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Total waivers, reimbursements and fees paid indirectly | (87,715 | ) | (78,392 | ) | ||||
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Total expenses, net | 5,513 | 1,585 | ||||||
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Net Investment Income (Loss) | 29,728 | 14,797 | ||||||
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Net Realized Gain (Loss) on Investments and Foreign Currency Transactions: |
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Net realized gain (loss) on investments | (104,999 | ) | (33,159 | ) | ||||
Net realized gain (loss) on other foreign currency transactions | (209 | ) | — | |||||
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Net Realized Gain (Loss) on Investments and Foreign Currency Transactions | (105,208 | ) | (33,159 | ) | ||||
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Net Changes in Unrealized Appreciation (Depreciation) of Investments and Foreign Currency Transactions: |
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Net unrealized appreciation (depreciation) of investments | (534,568 | ) | (218,942 | ) | ||||
Net unrealized appreciation (depreciation) of translation of other assets and liabilities in foreign currencies | 12 | — | ||||||
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Net Changes in Unrealized Appreciation (Depreciation) of Investments and Foreign Currency Transactions | (534,556 | ) | (218,942 | ) | ||||
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Net Gain (Loss) on Investments and Foreign Currency Transactions | (639,764 | ) | (252,101 | ) | ||||
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Net Increase (Decrease) in Net Assets Resulting from Operations | $ | (610,036 | ) | $ | (237,304 | ) | ||
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The accompanying notes are an integral part of these financial statements.
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Hartford Multifactor Funds |
Statements of Changes in Net Assets
Hartford Multifactor International Fund | Hartford Multifactor Large Cap Value Fund | |||||||||||||||
For the Six-Month Period Ended March 31, 2020 (Unaudited) | For the Period Ended September 30, 2019(1) | For the Six-Month Period Ended March 31, 2020 (Unaudited) | For the Period Ended September 30, 2019(1) | |||||||||||||
Operations: |
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Net investment income (loss) | $ | 29,728 | $ | 31,367 | $ | 14,797 | $ | 8,918 | ||||||||
Net realized gain (loss) on investments and foreign currency transactions | (105,208 | ) | 12,461 | (33,159 | ) | 18,891 | ||||||||||
Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions | (534,556 | ) | 48,436 | (218,942 | ) | 60,548 | ||||||||||
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Net Increase (Decrease) in Net Assets Resulting from Operations | (610,036 | ) | 92,264 | (237,304 | ) | 88,357 | ||||||||||
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Distributions to Shareholders: | ||||||||||||||||
Class R3 | (1,952 | ) | (94 | ) | (3,750 | ) | — | |||||||||
Class R4 | (1,824 | ) | (119 | ) | (3,643 | ) | — | |||||||||
Class R5 | (17,254 | ) | (1,447 | ) | (7,130 | ) | — | |||||||||
Class R6 | (17,148 | ) | (1,532 | ) | (10,735 | ) | — | |||||||||
Class Y | (12,056 | ) | (1,012 | ) | (7,116 | ) | — | |||||||||
Class F | (1,715 | ) | (153 | ) | (3,578 | ) | — | |||||||||
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Total distributions | (51,949 | ) | (4,357 | ) | (35,952 | ) | — | |||||||||
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Capital Share Transactions: |
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Sold | — | 3,000,060 | — | 1,000,060 | ||||||||||||
Issued on reinvestment of distributions | 51,949 | 4,357 | 35,952 | — | ||||||||||||
Redeemed | — | (60 | ) | — | (60 | ) | ||||||||||
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Net increase from capital share transactions | 51,949 | 3,004,357 | 35,952 | 1,000,000 | ||||||||||||
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Net Increase (Decrease) in Net Assets | (610,036 | ) | 3,092,264 | (237,304 | ) | 1,088,357 | ||||||||||
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Net Assets: |
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Beginning of period | 3,092,264 | — | 1,088,357 | — | ||||||||||||
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End of period | $ | 2,482,228 | $ | 3,092,264 | $ | 851,053 | $ | 1,088,357 | ||||||||
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(1) | Commenced operations on May 31, 2019. |
The accompanying notes are an integral part of these financial statements.
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Hartford Multifactor Funds |
Financial Highlights
— SelectedPer-Share Data(1) — | — Ratios and Supplemental Data — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class | Net Asset Value at Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gain (Loss) on Investments | Total from Investment Operations | Dividends from Net Investment Income | Distributions from Capital Gains | Total Dividends and Distributions | Net Asset Value at End of Period | Total Return(2) | Net Assets at End of Period (000s) | Ratio of Expenses to Average Net Assets Before Adjust- ments(3) | Ratio of Expenses to Average Net Assets After Adjust- ments(3) | Ratio of Net Investment Income (Loss) to Average Net Assets | Portfolio Turnover | ||||||||||||||||||||||||||||||||||||||||||
Hartford Multifactor International Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For theSix-Month Period Ended March 31, 2020 (Unaudited) |
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R3 | $ | 10.29 | $ | 0.09 | $ | (2.08 | ) | $ | (1.99 | ) | $ | (0.17 | ) | $ | (0.02 | ) | $ | (0.19 | ) | $ | 8.11 | (19.76 | )%(4) | $ | 83 | 6.54 | %(5) | 0.43 | %(5) | 1.83 | %(5) | 22 | % | |||||||||||||||||||||||
R4 | 10.29 | 0.09 | (2.08 | ) | (1.99 | ) | (0.16 | ) | (0.02 | ) | (0.18 | ) | 8.12 | (19.76 | )(4) | 83 | 6.29 | (5) | 0.43 | (5) | 1.83 | (5) | 22 | |||||||||||||||||||||||||||||||||
R5 | 10.29 | 0.10 | (2.09 | ) | (1.99 | ) | (0.15 | ) | (0.02 | ) | (0.17 | ) | 8.13 | (19.74 | )(4) | 827 | 5.95 | (5) | 0.35 | (5) | 1.91 | (5) | 22 | |||||||||||||||||||||||||||||||||
R6 | 10.29 | 0.10 | (2.09 | ) | (1.99 | ) | (0.15 | ) | (0.02 | ) | (0.17 | ) | 8.13 | (19.74 | )(4) | 827 | 5.94 | (5) | 0.34 | (5) | 1.92 | (5) | 22 | |||||||||||||||||||||||||||||||||
Y | 10.29 | 0.10 | (2.09 | ) | (1.99 | ) | (0.15 | ) | (0.02 | ) | (0.17 | ) | 8.13 | (19.74 | )(4) | 579 | 5.96 | (5) | 0.36 | (5) | 1.90 | (5) | 22 | |||||||||||||||||||||||||||||||||
F | 10.29 | 0.10 | (2.09 | ) | (1.99 | ) | (0.15 | ) | (0.02 | ) | (0.17 | ) | 8.13 | (19.74 | )(4) | 83 | 5.94 | (5) | 0.34 | (5) | 1.91 | (5) | 22 | |||||||||||||||||||||||||||||||||
For the Period Ended September 30, 2019(6) |
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R3 | $ | 10.00 | $ | 0.10 | $ | 0.20 | $ | 0.30 | $ | (0.01 | ) | $ | — | $ | (0.01 | ) | $ | 10.29 | 2.99 | %(4) | $ | 103 | 7.71 | %(5) | 0.47 | %(5) | 2.94 | %(5) | 19 | % | ||||||||||||||||||||||||||
R4 | 10.00 | 0.10 | 0.20 | 0.30 | (0.01 | ) | — | (0.01 | ) | 10.29 | 3.02 | (4) | 103 | 7.47 | (5) | 0.41 | (5) | 2.99 | (5) | 19 | ||||||||||||||||||||||||||||||||||||
R5 | 10.00 | 0.10 | 0.20 | 0.30 | (0.01 | ) | — | (0.01 | ) | 10.29 | 3.04 | (4) | 1,031 | 7.22 | (5) | 0.35 | (5) | 3.05 | (5) | 19 | ||||||||||||||||||||||||||||||||||||
R6 | 10.00 | 0.10 | 0.21 | 0.31 | (0.02 | ) | — | (0.02 | ) | 10.29 | 3.05 | (4) | 1,031 | 7.22 | (5) | 0.34 | (5) | 3.06 | (5) | 19 | ||||||||||||||||||||||||||||||||||||
Y | 10.00 | 0.10 | 0.20 | 0.30 | (0.01 | ) | — | (0.01 | ) | 10.29 | 3.04 | (4) | 722 | 7.22 | (5) | 0.35 | (5) | 3.05 | (5) | 19 | ||||||||||||||||||||||||||||||||||||
F | 10.00 | 0.10 | 0.21 | 0.31 | (0.02 | ) | — | (0.02 | ) | 10.29 | 3.05 | (4) | 103 | 7.22 | (5) | 0.34 | (5) | 3.05 | (5) | 19 | ||||||||||||||||||||||||||||||||||||
Hartford Multifactor Large Cap Value Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For theSix-Month Period Ended March 31, 2020 (Unaudited) |
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R3 | $ | 10.88 | $ | 0.14 | $ | (2.43 | ) | $ | (2.29 | ) | $ | (0.18 | ) | $ | (0.19 | ) | $ | (0.37 | ) | $ | 8.22 | (21.87 | )%(4) | $ | 85 | 15.30 | %(5) | 0.36 | %(5) | 2.67 | %(5) | 37 | % | |||||||||||||||||||||||
R4 | 10.88 | 0.14 | (2.43 | ) | (2.29 | ) | (0.17 | ) | (0.19 | ) | (0.36 | ) | 8.23 | (21.85 | )(4) | 85 | 15.05 | (5) | 0.36 | (5) | 2.67 | (5) | 37 | |||||||||||||||||||||||||||||||||
R5 | 10.88 | 0.14 | (2.43 | ) | (2.29 | ) | (0.16 | ) | (0.19 | ) | (0.35 | ) | 8.24 | (21.81 | )(4) | 170 | 14.74 | (5) | 0.31 | (5) | 2.73 | (5) | 37 | |||||||||||||||||||||||||||||||||
R6 | 10.88 | 0.15 | (2.42 | ) | (2.27 | ) | (0.17 | ) | (0.19 | ) | (0.36 | ) | 8.25 | (21.70 | )(4) | 255 | 14.67 | (5) | 0.24 | (5) | 2.79 | (5) | 37 | |||||||||||||||||||||||||||||||||
Y | 10.88 | 0.14 | (2.43 | ) | (2.29 | ) | (0.16 | ) | (0.19 | ) | (0.35 | ) | 8.24 | (21.81 | )(4) | 170 | 14.75 | (5) | 0.32 | (5) | 2.72 | (5) | 37 | |||||||||||||||||||||||||||||||||
F | 10.88 | 0.15 | (2.43 | ) | (2.28 | ) | (0.17 | ) | (0.18 | ) | (0.35 | ) | 8.25 | (21.70 | )(4) | 85 | 14.67 | (5) | 0.24 | (5) | 2.79 | (5) | 37 | |||||||||||||||||||||||||||||||||
For the Period Ended September 30, 2019(6) |
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R3 | $ | 10.00 | $ | 0.09 | $ | 0.79 | $ | 0.88 | $ | — | $ | — | $ | — | $ | 10.88 | 8.80 | %(4) | $ | 109 | 19.26 | %(5) | 0.37 | %(5) | 2.41 | %(5) | 31 | % | ||||||||||||||||||||||||||||
R4 | 10.00 | 0.09 | 0.79 | 0.88 | — | — | — | 10.88 | 8.80 | (4) | 109 | 19.01 | (5) | 0.31 | (5) | 2.46 | (5) | 31 | ||||||||||||||||||||||||||||||||||||||
R5 | 10.00 | 0.09 | 0.79 | 0.88 | — | — | — | 10.88 | 8.80 | (4) | 218 | 18.75 | (5) | 0.25 | (5) | 2.53 | (5) | 31 | ||||||||||||||||||||||||||||||||||||||
R6 | 10.00 | 0.09 | 0.79 | 0.88 | — | — | — | 10.88 | 8.80 | (4) | 327 | 18.76 | (5) | 0.24 | (5) | 2.54 | (5) | 31 | ||||||||||||||||||||||||||||||||||||||
Y | 10.00 | 0.09 | 0.79 | 0.88 | — | — | — | 10.88 | 8.80 | (4) | 218 | 18.75 | (5) | 0.25 | (5) | 2.53 | (5) | 31 | ||||||||||||||||||||||||||||||||||||||
F | 10.00 | 0.09 | 0.79 | 0.88 | — | — | — | 10.88 | 8.80 | (4) | 109 | 18.76 | (5) | 0.24 | (5) | 2.54 | (5) | 31 |
(1) | Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted. |
(2) | Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period and no sales charge. Total return would be reduced if sales charges were taken into account. |
(3) | Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements). |
(4) | Not annualized. |
(5) | Annualized. |
(6) | Commenced operations on May 31, 2019. |
The accompanying notes are an integral part of these financial statements.
| 18 |
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Hartford Multifactor Funds |
March 31, 2020 (Unaudited)
1. | Organization: |
The Hartford Mutual Funds II, Inc. (the “Company”) is anopen-end registered management investment company comprised of fourteen series as of March 31, 2020. Financial statements for the series of the Company listed below (each, a “Fund” and collectively, the “Funds”) are included in this report.
The Hartford Mutual Funds II, Inc.:
Hartford Multifactor International Fund (the “Multifactor International Fund”)
Hartford Multifactor Large Cap Value Fund (the “Multifactor Large Cap Value Fund”)
The assets of each Fund are separate, and a shareholder’s interest is limited to the Fund in which shares are held. The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Each Fund is a diversifiedopen-end management investment company. Each Fund applies specialized accounting and reporting standards under Accounting Standards Codification Topic 946, “Financial Services – Investment Companies”.
The Funds commenced operations on May 31, 2019. Each Fund has registered for sale Class R3, Class R4, Class R5, Class R6, Class Y and Class F shares. These classes of shares do not have a sales charge.
2. | Significant Accounting Policies: |
The following is a summary of significant accounting policies of each Fund used in the preparation of its financial statements, which are in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.
a) | Determination of Net Asset Value – The net asset value (“NAV”) of each class of each Fund’s shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Funds after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day. |
b) | Investment Valuation and Fair Value Measurements –For purposes of calculating the NAV of each class of each Fund, portfolio securities and other assets held in a Fund’s portfolio for which market prices are readily available are valued at market value. Market value is generally determined on the basis of official close price or last reported trade price. If no trades were reported, market value is based on prices obtained from a quotation reporting system, established market makers (including evaluated prices), or independent pricing services. Pricing vendors may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data, credit quality information, general market conditions, news, and other factors and assumptions. |
If market prices are not readily available or are deemed unreliable, a Fund will use the fair value of the security or other instrument as determined in good faith under policies and procedures established by and under the supervision of the Board of Directors of the Company (the “Board of Directors”) (“Valuation Procedures”). Market prices are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or broker quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of a Fund’s portfolio holdings or assets. In addition, market prices are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities or other instruments trade do not open for trading for the entire day and no other market prices are available. Fair value pricing is subjective in nature and the use of fair value pricing by a Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio holding is primarily traded. There can be no assurance that a Fund could obtain the fair value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Securities and other instruments that are primarily traded on foreign markets may trade on days that are not business days of the Funds. The value of the foreign securities or other instruments in which a Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund.
Fixed income investments (other than short-term obligations) held by a Fund are normally valued at prices supplied by independent pricing services in accordance with the Valuation Procedures. Short-term investments maturing in 60 days or less are generally valued at amortized cost if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term exceeded 60 days.
| 19 |
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Hartford Multifactor Funds |
Notes to Financial Statements – (continued)
March 31, 2020 (Unaudited)
Exchange-traded derivatives, such as options, futures and options on futures, are valued at the last sale price determined by the exchange where such instruments principally trade as of the close of such exchange (“Exchange Close”). If a last sale price is not available, the value will be the mean of the most recently quoted bid and ask prices as of the Exchange Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the most recently quoted bid price as of the Exchange Close.Over-the-counter derivatives are normally valued based on prices supplied by independent pricing services in accordance with the Valuation Procedures.
Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using the prevailing spot currency exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of a Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities or other instruments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Exchange is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of a Fund.
Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.
Investments inopen-end mutual funds, if any, are valued at the respective NAV of eachopen-end mutual fund on the Valuation Date. Shares of investment companies listed and traded on an exchange are valued in the same manner as any exchange-listed equity security. Suchopen-end mutual funds and listed investment companies may use fair value pricing as disclosed in their prospectuses.
Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with the Valuation Procedures.
U.S. GAAP defines fair value as the price that a Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of each Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:
• | Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants. |
• | Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract. |
• | Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price. |
The Board of Directors has delegated theday-to-day responsibility for implementing the Valuation Procedures to the Valuation Committee. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of such Fund’ssub-adviser, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Board of Directors.
Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.
For additional information, refer to the Fair Valuation Summary and the Level 3 roll-forward reconciliation, if applicable, which follows each Fund’s Schedule of Investments.
c) | Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed- delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost. |
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Hartford Multifactor Funds |
Notes to Financial Statements – (continued)
March 31, 2020 (Unaudited)
Dividend income from domestic securities is accrued on theex-dividend date. In general, dividend income from foreign securities is recorded on theex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, a Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts and additional principal receivedin-kind in lieu of cash, is accrued on a daily basis.
Please refer to Note 7 for Securities Lending information.
d) | Taxes – A Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which such Fund invests. A Fund may also be subject to taxes withheld on foreign dividends and interest from securities in which a Fund invests. The amount of any foreign taxes withheld and foreign tax expense is included on the accompanying Statements of Operations as a reduction to net investment income or net realized gain on investments in these securities, if applicable. |
e) | Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the Valuation Date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. |
A Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.
Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.
f) | Joint Trading Account – A Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements. |
g) | Fund Share Valuation and Dividend Distributions to Shareholders – Orders for each class of each Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of each class of each Fund’s shares is determined as of the close of business on each business day of the Exchange (see Note 2(a)). The NAV is determined separately for each class of shares of a Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by a Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income andnon-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class of the Fund. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of each Fund. |
Orders for the purchase of a Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Funds are not open for business, are priced at the next determined NAV.
Dividends are declared pursuant to a policy adopted by the Company’s Board of Directors. Dividends and/or distributions to shareholders are recorded onex-date. The policy of each Fund is to pay dividends from net investment income and realized gains, if any, at least once a year.
Income dividends and capital gains distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing.
3. | Securities and Other Investments: |
Restricted Securities – Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if applicable, is included at the end of each Fund’s Schedule of Investments.
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Hartford Multifactor Funds |
Notes to Financial Statements – (continued)
March 31, 2020 (Unaudited)
4. | Principal Risks: |
A Fund’s investments expose it to various types of risks associated with financial instruments and the markets. A Fund may be exposed to the risks described below. Each Fund’s prospectus provides details of its principal risks.
The market values of equity securities, such as common stocks and preferred stocks, or equity related derivative investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities. The extent of each Fund’s exposure to market risk is the market value of the investments held as shown in the Fund’s Schedule of Investments.
Investing in the securities ofnon-U.S. issuers, whether directly or indirectly, involves certain considerations and risks not typically associated with securities of U.S. issuers. Such risks include, but are not limited to: generally less liquid and less efficient securities markets; generally greater price volatility; exchange rate fluctuations; imposition of restrictions on the expatriation of funds or other protectionist measures; less publicly available information about issuers; the imposition of withholding or other taxes; higher transaction and custody costs; settlement delays and risk of loss attendant in settlement procedures; difficulties in enforcing contractual obligations; less regulation of securities markets; different accounting, disclosure and reporting requirements; more substantial governmental involvement in the economy; higher inflation rates; and greater social, economic and political uncertainties. These risks are heightened for investments in issuers from countries with less developed markets.
Securities lending involves the risk that a Fund may lose money because the borrower of the loaned securities fails to return the securities in a timely manner or at all. A Fund could also lose money in the event of a decline in the value of the collateral provided for the loaned securities or a decline in the value of any investments made with cash collateral. These events could also trigger adverse tax consequences for a Fund that lends its holdings.
5. | Federal Income Taxes: |
a) | Each Fund intends to continue to qualify as a Regulated Investment Company (“RIC”) under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders each year. Each Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2020. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes. |
b) | Tax Basis of Investments– The aggregate cost of investments for federal income tax purposes at March 31, 2020 was substantially the same for book purposes. The net unrealized appreciation/(depreciation) on investments, which consists of gross unrealized appreciation and depreciation, is disclosed below: |
Fund | Tax Cost | Gross Unrealized Appreciation | Gross Unrealized (Depreciation) | Net Unrealized Appreciation/ (Depreciation) | ||||||||||||
Multifactor International Fund | $ | 2,915,941 | $ | 58,318 | $ | (544,423 | ) | $ | (486,105 | ) | ||||||
Multifactor Large Cap Value Fund | 965,827 | 8,147 | (166,541 | ) | (158,394 | ) |
c) | Capital Loss Carryforward– Under the Regulated Investment Company Modernization Act of 2010, funds are permitted to carry forward capital losses for an unlimited period. The Funds had no capital loss carryforwards for U.S. federal income tax purposes as of September 30, 2019 (tax year end). |
6. | Expenses: |
a) | Investment Advisory Agreement– Lattice Strategies LLC (the “Adviser” or “Lattice”) serves as each Fund’s investment adviser pursuant to an Investment Advisory Agreement with the Company. Lattice is a wholly owned subsidiary of Hartford Funds Management Company, LLC (“HFMC”), which is an indirect subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”). Lattice has overall investment supervisory responsibility for each Fund. In addition, Lattice provides administrative personnel, services, equipment, facilities and office space for proper operation of each Fund. Lattice has contracted with Mellon Investments Corporation (“Mellon”) under asub-advisory agreement pursuant to which Mellon performs the daily investment of the assets of each Fund in accordance with each Fund’s investment objective and policies. Each Fund pays a fee to Lattice, a portion of which may be used to compensate Mellon. |
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Hartford Multifactor Funds |
Notes to Financial Statements – (continued)
March 31, 2020 (Unaudited)
The schedule below reflects the rates of compensation paid to Lattice for investment advisory services rendered as of March 31, 2020; the rates are accrued daily and paid monthly based on each Fund’s average daily net assets, at the following annual rates:
Fund | Management Fee Rates | |
Multifactor International Fund | 0.290% on first $1 billion and; | |
0.280% over $1 billion | ||
Multifactor Large Cap Value Fund | 0.190% on first $1 billion and; | |
0.180% over $1 billion |
b) | Accounting Services Agreement –HFMC provides the Funds with accounting services pursuant to a fund accounting agreement by and between the Company, on behalf of its Funds, and HFMC. HFMC has delegated certain accounting and administrative service functions to State Street Bank and Trust Company (“State Street”). In consideration of services rendered and expenses assumed pursuant to the fund accounting agreement, each Fund pays HFMC a fee. Effective January 1, 2020, the fund accounting agreement with respect to each Fund was modified to reflect a new fee structure. Under this revised fee structure, HFMC is entitled to receive the following fee with respect to each Fund: thesub-accounting fee payable by HFMC to State Street plus the amount of expenses that HFMC allocates for providing the fund accounting services. |
Prior to January 1, 2020, each Fund’s accounting services fees were accrued daily and paid monthly at the rates below.
Average Daily Net Assets | Annual Fees | |||
First $3.5 billion and; | 0.018% | |||
Next $3.5 billion and | 0.014% | |||
Over $7 billion | 0.010% |
c) | Operating Expenses– Allocable expenses incurred by the Company are allocated to each series of the Company, and allocated to classes within each such series, in proportion to the average daily net assets of such series and classes, except where allocation of certain expenses is more fairly made directly to a Fund or to specific classes within a Fund. As of March 31, 2020, Lattice contractually limited the total operating expenses (exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses) through May 31, 2020 as follows: |
Expense Limit as a Percentage of Average Daily Net Assets | ||||||||||||||||||||||||
Fund | Class R3 | Class R4 | Class R5 | Class R6 | Class Y | Class F | ||||||||||||||||||
Multifactor International Fund | 1.04 | % | 0.74 | % | 0.44 | % | 0.34 | % | 0.44 | % | 0.34 | % | ||||||||||||
Multifactor Large Cap Value Fund | 0.94 | % | 0.64 | % | 0.34 | % | 0.24 | % | 0.34 | % | 0.24 | % |
d) | Distribution and Service Plan for Class R3 and R4 Shares –The Board of Directors has approved the adoption of a separate distribution plan (each, a “Plan”) pursuant to Rule12b-1 under the 1940 Act for Class R3 and Class R4 shares. Under a Plan, Class R3 and Class R4 shares of a Fund, as applicable, bear distribution and/or service fees paid to Hartford Funds Distributors, LLC (“HFD”), some of which may be paid to select broker-dealers. Pursuant to the Class R3 Plan, a Fund may pay HFD a fee of up to 0.50% of the average daily net assets attributable to Class R3 shares for distribution financing activities, and up to 0.25% may be used for shareholder account servicing activities. Pursuant to the Class R4 Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class R4 shares for distribution financing activities. The entire amount of the fee may be used for shareholder account servicing activities. Each Fund’s12b-1 fees are accrued daily and paid monthly or at such other intervals as the Company’s Board of Directors may determine. Any 12b-1 fees attributable to assets held in an account held directly with the Funds’ transfer agent for which there is not a third party listed as the brokerdealer of record (or HFD does not otherwise have a payment obligation) are generally reimbursed to the applicable Fund. |
e) | Other Related Party Transactions– Certain officers of the Company are directors and/or officers of Lattice, HFMC and/or The Hartford or its subsidiaries. For the period ended March 31, 2020, a portion of the Company’s Chief Compliance Officer’s (“CCO”) compensation was paid by all of the investment companies in the Hartford Funds’ fund complex. The portion allocated to each Fund, as represented in other expenses on the Statements of Operations, is outlined in the table below. |
Fund | CCO Compensation Paid by Fund | |||
Multifactor International Fund | $ | 2 | ||
Multifactor Large Cap Value Fund | — | * |
* | Rounds to less than $1 |
Hartford Administrative Services Company (“HASCO”), an indirect subsidiary of The Hartford, provides transfer agent services to each Fund. Each Fund pays HASCO a transfer agency fee payable monthly based on the lesser of (i) the costs of providing or overseeing transfer agency services provided to each share class of such Fund plus a target profit margin or (ii) a Specified Amount (as defined in the table below). Such fee is intended to compensate HASCO for: (i) fees payable by HASCO to DST Asset Manager Solutions, Inc. (“DST”) (and any
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Hartford Multifactor Funds |
Notes to Financial Statements – (continued)
March 31, 2020 (Unaudited)
other designatedsub-agent) according to the agreed-upon fee schedule under thesub-transfer agency agreement between HASCO and DST (or between HASCO and any other designatedsub-agent, as applicable); (ii)sub-transfer agency fees payable by HASCO to financial intermediaries, according to the agreed-upon terms between HASCO and the financial intermediaries, provided that such payments are within certain limits approved by the Company’s Board of Directors; (iii) certain expenses that HASCO’s parent company, Hartford Funds Management Group, Inc., allocates to HASCO that relate to HASCO’s transfer agency services provided to the Fund; and (iv) a target profit margin.
Share Class | Specified Amount (as a percentage average daily net assets) | |||
Class R3 | 0.22 | % | ||
Class R4 | 0.17 | % | ||
Class R5 | 0.12 | % | ||
Class R6 | 0.004 | % | ||
Class Y | 0.11 | % | ||
Class F | 0.004 | % |
Pursuant to asub-transfer agency agreement between HASCO and DST, HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to DST. Each Fund does not pay any fee directly to DST; rather, HASCO makes all such payments to DST. These fees are accrued daily and paid monthly.
For the period ended March 31, 2020, the effective rate of compensation paid to HASCO for transfer agency services as a percentage of each Class’ average daily net assets is as follows:
Fund | Class R3 | Class R4 | Class R5 | Class R6 | Class Y | Class F | ||||||||||||||||||
Multifactor International Fund | 0.10 | % | 0.10 | % | 0.01 | % | 0.00 | %* | 0.02 | % | 0.00 | %* | ||||||||||||
Multifactor Large Cap Value Fund | 0.13 | % | 0.13 | % | 0.07 | % | 0.00 | %* | 0.08 | % | 0.00 | %* |
* | Rounds to less than .005% |
7. | Securities Lending: |
The Company has entered into a securities lending agency agreement (“lending agreement”) with Citibank, N.A. (“Citibank”). A Fund may lend portfolio securities to certain borrowers in U.S. andnon-U.S. markets in an amount not to exceedone-third (33 1/3%) of the value of its total assets. If a Fund security is on loan, under the lending agreement, the borrower is required to deposit cash or liquid securities as collateral at least equal to 100% of the market value of the loaned securities; cash collateral is invested for the benefit of the Fund by the Fund’s lending agent pursuant to collateral investment guidelines. The collateral is marked to market daily, in an amount at least equal to the current market value of the securities loaned.
A Fund is subject to certain risks while its securities are on loan, including the following: (i) the risk that the borrower defaults on the loan and the collateral is inadequate to cover the Fund’s loss; (ii) the risk that the earnings on the collateral invested are not sufficient to pay fees incurred in connection with the loan; (iii) the risk that the principal value of the collateral invested may decline; (iv) the risk that the borrower may use the loaned securities to cover a short sale, which may in turn place downward pressure on the market prices of the loaned securities; (v) the risk that return of loaned securities could be delayed and interfere with portfolio management decisions; and (vi) the risk that any efforts to restrict or recall the securities for purposes of voting may not be effective. These events could also trigger adverse tax consequences for the Fund.
The Funds retain loan fees and the interest on cash collateral investments but are required to pay the borrower a rebate for the use of cash collateral. In cases where the lent security is of high value to borrowers, there may be a negative rebate (i.e., a net payment from the borrower to the Funds). Upon termination of a loan, the Funds are required to return to the borrower an amount equal to the cash collateral, plus any rebate owed to the borrowers.
The net income earned on the securities lending (after payment of rebates and Citibank’s fee) is included on the Statements of Operations as Investment Income from securities lending. The Funds also receive payments from the borrower during the period of the loan, equivalent to dividends and interest earned on the securities loaned, which are recorded as Investment Income from dividends or interest, respectively, on the Statements of Operations.
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Hartford Multifactor Funds |
Notes to Financial Statements – (continued)
March 31, 2020 (Unaudited)
The following table presents the market value of the Funds’ securities on loan, net of amounts available for offset under the master netting arrangements and any related collateral received by the Funds as of March 31, 2020.
Fund | Investment Securities on Loan, at market value, Presented on the Statement of Assets and Liabilities(1) | Collateral Posted by Borrower(3) | Net Amount(2) | |||||||||
Multifactor International Fund | $ | 33,305 | $ | (33,305 | ) | $ | — |
(1) | It is each Fund’s policy to obtain additional collateral from, or return excess collateral to, the borrower by the end of the next business day following the valuation date of the securities loaned. |
Therefore, the value of the collateral held may be temporarily less than that required under the lending contract. |
(2) | Net amount represents the net amount receivable due from the counterparty in the event of default. |
(3) | Collateral received in excess of the market value of securities on loan is not presented in this table. |
The total cash andnon-cash collateral received by each Fund in connection with securities lending transactions is presented below:
Fund | Cash Collateral | Non-Cash Collateral | ||||||
Multifactor International Fund | $ | 22,803 | $ | 16,797 |
8. | Secured Borrowings: |
The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of March 31, 2020.
CERTAIN TRANSFERS ACCOUNTED FOR AS SECURED BORROWINGS
Remaining Contractual Maturity of the Agreements
Overnight and Continuous | <30 days | Between 30 & 90 days | >90 days | Total | ||||||||||||||||
Multifactor International Fund | ||||||||||||||||||||
Securities Lending Transactions(1) |
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Common Stocks | $ | 22,803 | $ | — | $ | — | $ | — | $ | 22,803 | ||||||||||
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Total Borrowings | $ | 22,803 | $ | — | $ | — | $ | — | $ | 22,803 | ||||||||||
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Gross amount of recognized liabilities for securities lending transactions |
| $ | 22,803 | |||||||||||||||||
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(1) | Amount represents the payable for cash collateral received on securities on loan. This will generally be in the “Overnight and Continuous” column as the securities are typically callable on demand. |
9. | Affiliate Holdings: |
As of March 31, 2020, affiliates of The Hartford had ownership of shares in each Fund as follows:
Percentage of a Class:
Fund | Class R3 | Class R4 | Class R5 | Class R6 | Class Y | Class F | ||||||||||||||||||
Multifactor International Fund | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | ||||||||||||
Multifactor Large Cap Value Fund | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % |
Percentage of Fund by Class:
Fund | Class R3 | Class R4 | Class R5 | Class R6 | Class Y | Class F | ||||||||||||||||||
Multifactor International Fund | 3 | % | 3 | % | 34 | % | 34 | % | 23 | % | 3 | % | ||||||||||||
Multifactor Large Cap Value Fund | 10 | % | 10 | % | 20 | % | 30 | % | 20 | % | 10 | % |
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Hartford Multifactor Funds |
Notes to Financial Statements – (continued)
March 31, 2020 (Unaudited)
10. | Investment Transactions: |
For the six-month period ended March 31, 2020, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:
Fund | Cost of Purchases Excluding U.S. Government Obligations | Sales Proceeds Excluding U.S. Government Obligations | Total Cost of Purchases | Total Sales Proceeds | ||||||||||||
Multifactor International Fund | $ | 679,916 | $ | 761,209 | $ | 679,916 | $ | 761,209 | ||||||||
Multifactor Large Cap Value Fund | 387,788 | 456,694 | 387,788 | 456,694 |
11. | Capital Share Transactions: |
The following information is for thesix-month period ended March 31, 2020, and the period ended September 30, 2019:
For the Six-Month Period Ended March 31, 2020 | For the Period Ended September 30, 2019(1) | |||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||
Multifactor International Fund | ||||||||||||||||
Class R3 | ||||||||||||||||
Shares Sold | — | $ | — | 10,001 | $ | 100,010 | ||||||||||
Shares Issued for Reinvested Dividends | 180 | 1,952 | 9 | 94 | ||||||||||||
Shares Redeemed | — | — | (1 | ) | (10 | ) | ||||||||||
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Net Increase (Decrease) | 180 | 1,952 | 10,009 | 100,094 | ||||||||||||
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Class R4 | ||||||||||||||||
Shares Sold | — | $ | — | 10,001 | $ | 100,010 | ||||||||||
Shares Issued for Reinvested Dividends | 169 | 1,824 | 11 | 119 | ||||||||||||
Shares Redeemed | — | — | (1 | ) | (10 | ) | ||||||||||
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Net Increase (Decrease) | 169 | 1,824 | 10,011 | 100,119 | ||||||||||||
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Class R5 | ||||||||||||||||
Shares Sold | — | $ | — | 100,001 | $ | 1,000,010 | ||||||||||
Shares Issued for Reinvested Dividends | 1,592 | 17,254 | 139 | 1,447 | ||||||||||||
Shares Redeemed | — | — | (1 | ) | (10 | ) | ||||||||||
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Net Increase (Decrease) | 1,592 | 17,254 | 100,139 | 1,001,447 | ||||||||||||
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Class R6 | ||||||||||||||||
Shares Sold | — | $ | — | 100,001 | $ | 1,000,010 | ||||||||||
Shares Issued for Reinvested Dividends | 1,582 | 17,148 | 147 | 1,532 | ||||||||||||
Shares Redeemed | — | — | (1 | ) | (10 | ) | ||||||||||
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Net Increase (Decrease) | 1,582 | 17,148 | 100,147 | 1,001,532 | ||||||||||||
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Class Y | ||||||||||||||||
Shares Sold | — | $ | — | 70,001 | $ | 700,010 | ||||||||||
Shares Issued for Reinvested Dividends | 1,113 | 12,056 | 97 | 1,012 | ||||||||||||
Shares Redeemed | — | — | (1 | ) | (10 | ) | ||||||||||
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Net Increase (Decrease) | 1,113 | 12,056 | 70,097 | 701,012 | ||||||||||||
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Class F | ||||||||||||||||
Shares Sold | — | $ | — | 10,001 | $ | 100,010 | ||||||||||
Shares Issued for Reinvested Dividends | 158 | 1,715 | 15 | 153 | ||||||||||||
Shares Redeemed | — | — | (1 | ) | (10 | ) | ||||||||||
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Net Increase (Decrease) | 158 | 1,715 | 10,015 | 100,153 | ||||||||||||
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| |||||||||
Total Net Increase (Decrease) | 4,794 | $ | 51,949 | 300,418 | $ | 3,004,357 | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Multifactor Large Cap Value Fund | ||||||||||||||||
Class R3 | ||||||||||||||||
Shares Sold | — | $ | — | 10,001 | $ | 100,010 | ||||||||||
Shares Issued for Reinvested Dividends | 341 | 3,749 | — | — | ||||||||||||
Shares Redeemed | — | — | (1 | ) | (10 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Increase (Decrease) | 341 | 3,749 | 10,000 | 100,000 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Class R4 | ||||||||||||||||
Shares Sold | — | $ | — | 10,001 | $ | 100,010 | ||||||||||
Shares Issued for Reinvested Dividends | 332 | 3,642 | — | — | ||||||||||||
Shares Redeemed | — | — | (1 | ) | (10 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Increase (Decrease) | 332 | 3,642 | 10,000 | 100,000 | ||||||||||||
|
|
|
|
|
|
|
|
| 26 |
|
Hartford Multifactor Funds |
Notes to Financial Statements – (continued)
March 31, 2020 (Unaudited)
For the Six-Month Period Ended March 31, 2020 | For the Period Ended September 30, 2019(1) | |||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||
Multifactor Large Cap Value Fund – (continued) | ||||||||||||||||
Class R5 | ||||||||||||||||
Shares Sold | — | $ | — | 20,001 | $ | 200,010 | ||||||||||
Shares Issued for Reinvested Dividends | 649 | 7,131 | — | — | ||||||||||||
Shares Redeemed | — | — | (1 | ) | (10 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Increase (Decrease) | 649 | 7,131 | 20,000 | 200,000 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Class R6 | ||||||||||||||||
Shares Sold | — | $ | — | 30,001 | $ | 300,010 | ||||||||||
Shares Issued for Reinvested Dividends | 976 | 10,735 | — | — | ||||||||||||
Shares Redeemed | — | — | (1 | ) | (10 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Increase (Decrease) | 976 | 10,735 | 30,000 | 300,000 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Class Y | ||||||||||||||||
Shares Sold | — | $ | — | 20,001 | $ | 200,010 | ||||||||||
Shares Issued for Reinvested Dividends | 647 | 7,116 | — | — | ||||||||||||
Shares Redeemed | — | — | (1 | ) | (10 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Increase (Decrease) | 647 | 7,116 | 20,000 | 200,000 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Class F | ||||||||||||||||
Shares Sold | — | $ | — | 10,001 | $ | 100,010 | ||||||||||
Shares Issued for Reinvested Dividends | 326 | 3,579 | — | — | ||||||||||||
Shares Redeemed | — | — | (1 | ) | (10 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Increase (Decrease) | 326 | 3,579 | 10,000 | 100,000 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Net Increase (Decrease) | 3,271 | $ | 35,952 | 100,000 | $ | 1,000,000 | ||||||||||
|
|
|
|
|
|
|
|
(1) | Commenced operations on May 31, 2019. |
12. | Line of Credit: |
Each Fund participates in a committed line of credit pursuant to a credit agreement. Each Fund may borrow under the line of credit for temporary or emergency purposes. The Funds (together with certain other Hartford Funds) may borrow up to $350 million in the aggregate, subject to asset coverage and other limitations specified in the credit agreement. The interest rate on borrowings varies depending on the nature of the loan. The facility also charges a commitment fee, which is allocated to each of the funds participating in the line of credit based on average net assets of the funds. During and as of thesix-month period ended March 31, 2020, none of the Funds had borrowings under this facility.
13. | Indemnifications: |
Under the Company’s organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and federal securities laws. In addition, the Company, on behalf of each Fund, may enter into contracts that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.
14. | Recent Accounting Pronouncement: |
The FASB issued ASU2017-08 (the “ASU”) to amend the amortization period to the earliest call date for purchased callable debt securities held at a premium. The ASU is effective for public entities for fiscal years beginning after December 15, 2018, and will become effective for private entities one year later. Management has evaluated the implication of additional disclosure and determined there is no impact to the Funds’ financial statements.
In August 2018, the FASB issued Accounting Standards Update2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (“ASU2018-13”). The update introduces new fair value disclosure requirements, eliminates some prior fair value disclosure requirements, and modifies certain existing fair value disclosure requirements.
ASU2018-13 is effective for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years, however, an entity is permitted to early adopt either the entire standard or only the provisions that eliminate or modify requirements. Management has elected to early adopt the provisions of ASU2018-13 that eliminate disclosure requirements effective with the current reporting period. The impact of each Fund’s early adoption of these provisions was limited to changes in the Fund’s financial statement disclosures regarding fair value, primarily those disclosures related to transfers between Level 1 and Level 2 of the fair value hierarchy and the timing of transfers between levels of the fair value hierarchy. Management is currently evaluating the potential impact of adopting the additional provisions of ASU2018-13.
| 27 |
|
Hartford Multifactor Funds |
Notes to Financial Statements – (continued)
March 31, 2020 (Unaudited)
15. | Subsequent Events: |
In connection with the preparation of the financial statements of the Funds as of and for the six-month period ended March 31, 2020, events and transactions subsequent to March 31, 2020, through the date the financial statements were issued have been evaluated by the Funds’ management for possible adjustment and/or disclosure.
During the six-month period ended March 31, 2020, the Company’s registered independent public accounting firm changed from Ernst & Young LLP to PricewaterhouseCoopers LLC (“PwC”). PwC will serve as the Trust’s registered independent public accounting firm for the fiscal year ended September 30, 2020.
The affects to public health, business and market conditions resulting from the coronavirus(COVID-19) pandemic that escalated during the first quarter of 2020 and has extended into the second quarter of 2020 may have a significant negative impact on the performance of the Funds’ investments. The extent and duration of this impact is currently unclear.
| 28 |
|
Hartford Multifactor Funds |
HOW TO OBTAIN A COPY OF EACH FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)
A description of the policies and procedures that each Fund uses to determine how to vote proxies relating to portfolio securities and information about how each Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30, are available (1) without charge, upon request, by calling888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)
Each Fund will file its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its reports on FormN-PORT. Each Fund’s Form N-PORT reports are available (1) without charge, upon request, by calling888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.
| 29 |
|
THIS PRIVACY POLICY IS NOT PART OF THIS REPORT
CUSTOMER PRIVACY NOTICE
The Hartford Financial Services Group, Inc. and Affiliates*
(herein called “we, our, and us”)
This Privacy Policy applies to our United States Operations
We value your trust. We are committed to the responsible:
a) management;
b) use; and
c) protection;
ofPersonal Information.
This notice describes how we collect, disclose, and protectPersonal Information.
We collectPersonal Information to:
a) service yourTransactionswith us; and
b) support our business functions.
We may obtainPersonal Information from:
a)You;
b) yourTransactionswith us; and
c) third parties such as a consumer-reporting agency.
Based on the type of product or serviceYou apply for or get from us,Personal Information such as:
a) your name;
b) your address;
c) your income;
d) your payment; or
e) your credit history;
may be gathered from sources such as applications,Transactions, and consumer reports.
To serveYou and service our business, we may share certainPersonal Information. We will sharePersonal Information, only as allowed by law, with affiliates such as:
a) our insurance companies;
b) our employee agents;
c) our brokerage firms; and
d) our administrators.
As allowed by law, we may sharePersonal Financial Information with our affiliates to:
a) market our products; or
b) market our services;
toYou without providingYou with an option to prevent these disclosures.
We may also sharePersonal Information, only as allowed by law, with unaffiliated third parties including:
a) independent agents;
b) brokerage firms;
c) insurance companies;
d) administrators; and
e) service providers;
who help us serveYou and service our business.
When allowed by law, we may share certainPersonal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as:
a) taking surveys;
b) marketing our products or services; or
c) offering financial products or services under a joint agreement between us and one or more financial institutions.
We, and third parties we partner with, may track some of the pagesYou visit through the use of:
a) cookies;
b) pixel tagging; or
c) other technologies;
and currently do not process or comply with any web browser’s “do not track” signal or other similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.
For more information, our Online Privacy Policy, which governs information we collect on our website and our affiliate websites, is available at https://www.thehartford.com/online-privacy-policy.
We will not sell or share yourPersonal Financial Information with anyone for purposes unrelated to our business functions without offeringYou the opportunity to:
a)“opt-out;” or
b)“opt-in;”
as required by law.
We only disclosePersonal Health Information with:
a) your authorization; or
b) as otherwise allowed or required by law.
Our employees have access toPersonal Information in the course of doing their jobs, such as:
a) underwriting policies;
b) paying claims;
c) developing new products; or
d) advising customers of our products and services.
We use manual and electronic security procedures to maintain:
a) the confidentiality; and
b) the integrity of;
Personal Information that we have. We use these procedures to guard against unauthorized access.
Some techniques we use to protectPersonal Information include:
a) secured files;
b) user authentication;
c) encryption;
d) firewall technology; and
e) the use of detection software.
We are responsible for and must:
a) identify information to be protected;
b) provide an adequate level of protection for that data; and
c) grant access to protected data only to those people who must use it in the performance of theirjob-related duties.
Employees who violate our privacy policies and procedures may be subject to discipline, which may include termination of their employment with us.
We will continue to follow our Privacy Policy regardingPersonal Information even when a business relationship no longer exists between us.
As used in this Privacy Notice:
Application means your request for our product or service.
Personal Financial Information means financial information such as:
a) credit history;
b) income;
c) financial benefits; or
d) policy or claim information.
Personal Financial Information may include Social Security Numbers, Driver’s license numbers, or other government-issued identification numbers, or credit, debit card, or bank account numbers.
Personal Health Information means health information such as:
a) your medical records; or
b) information about your illness, disability or injury.
Personal Information means information that identifiesYou personally and is not otherwise available to the public. It includes:
a)Personal Financial Information; and
b)Personal Health Information.
Transaction means your business dealings with us, such as:
a) yourApplication;
b) your request for us to pay a claim; and
c) your request for us to take an action on your account.
You means an individual who has given usPersonal Information in conjunction with:
a) asking about;
b) applying for; or
c) obtaining;
a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.
If you have any questions or comments about this privacy notice, please feel free to contact us at The Hartford – Consumer Rights and Privacy Compliance Unit, One Hartford Plaza, Hartford, CT 06155, or at ConsumerPrivacyInquiriesMailbox@thehartford.com.
This Customer Privacy Notice is being provided on behalf of The Hartford Financial Services Group, Inc. and its affiliates (including the following as of March 2020), to the extent required by the Gramm-Leach-Bliley Act and implementing regulations:
1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; Assurances Continentales Continentale Verzekeringen N.V; Bracht, Deckers & Mackelbert N.V.; Business Management Group, Inc.; Canal Re S.A.; Cervus Claim Solutions, LLC; First State Insurance Company; FTC Resolution Company LLC; Hart Re Group L.L.C.; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Distributors, LLC; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford Holdings, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Insurance, Ltd.; Hartford Integrated Technologies, Inc.; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Management, Ltd.; Hartford Productivity Services LLC; Hartford of Texas General Agency, Inc.; Hartford Residual Market, L.C.C.; Hartford Specialty Insurance Services of Texas, LLC; Hartford STAG Ventures LLC; Hartford Strategic Investments, LLC; Hartford Underwriters General Agency, Inc.; Hartford Underwriters Insurance Company; Heritage Holdings, Inc.; Heritage Reinsurance Company, Ltd.; HLA LLC; HL Investment Advisors, LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lattice Strategies LLC; Maxum Casualty Insurance Company; Maxum Indemnity Company; Maxum Specialty Services Corporation; Millennium Underwriting Limited; MPC Resolution Company LLC; Navigators (Asia) Limited; Navigators Corporate Underwriters Limited; Navigators Holdings (Europe) N.V.; Navigators Holdings (UK) Limited; Navigators Insurance Company; Navigators International Insurance Company Ltd.; Navigators Management Company, Inc.; Navigators Management (UK) Limited; Navigators N.V.; Navigators Specialty Insurance Company; Navigators Underwriting Agency Limited; Navigators Underwriting Limited; New England Insurance Company; New England Reinsurance Corporation; New Ocean Insurance Co., Ltd.; NIC Investments (Chile) SpA; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Property and Casualty Insurance Company of Hartford; Sentinel Insurance Company, Ltd; The Navigators Group, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; Y-Risk, LLC.
Revised March 2020
This report is submitted for the general information of the shareholders of the Funds referenced in this report. It is not authorized for distribution to persons who are not shareholders of one or more Funds referenced in this report unless preceded or accompanied by a current prospectus for the relevant Funds. Nothing herein contained is to be considered an offer of sale or a solicitation of an offer to buy shares of any Fund listed in this report. Such offering is only made by prospectus, which includes details as to the offering price and other material information.
The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.
Investors should carefully consider a fund’s investment objectives, risks, charges and expenses. This and other important information is contained in the fund’s prospectus and summary prospectus, which can be obtained by visiting hartfordfunds.com. Please read it carefully before investing.
The Funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. Lattice Strategies, LLC (Lattice) is the Fund’s investment manager and Mellon Investments Corporation is the Fund’s subadviser. Hartford Funds refers to Hartford Funds Distributors, LLC, Member FINRA, Hartford Funds Management Company, LLC, and Lattice.
MFSAR-MLT20 05/20 216774 Printed in U.S.A.
Item 2. Code of Ethics.
Not applicable to this semi-annual filing.
Item 3. Audit Committee Financial Expert.
Not applicable to this semi-annual filing.
Item 4. Principal Accountant Fees and Services.
Not applicable to this semi-annual filing.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments.
(a) | The Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the semi-annual report filed under Item 1 of this form. |
(b) | Not applicable. |
Item 7. Disclosure of Proxy Voting Policies and Procedures forClosed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers ofClosed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities byClosed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors since the registrant last provided disclosure in response to this requirement.
Item 11. Controls and Procedures.
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR270.30a-3(c))) are generally effective to provide reasonable assurance, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by |
Rule30a-3(b) under the 1940 Act (17 CFR270.30a-3(b)) and Rules13a-15(b) or15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR240.13a-15(b) or240.15d-15(b)). |
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule30a-3(d) under the 1940 Act (17 CFR270.30a-3(d)) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities forClosed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
(a)(1) | Not applicable | |
(a)(2) | ||
(a)(3) | Not applicable | |
(a)(4) | Not applicable | |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
THE HARTFORD MUTUAL FUNDS II, INC. | ||||
Date: June 8, 2020 | By: | /s/ James E. Davey | ||
James E. Davey | ||||
President and Chief Executive Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Date: June 8, 2020 | By: | /s/ James E. Davey | ||
James E. Davey | ||||
President and Chief Executive Officer | ||||
Date: June 8, 2020 | By: | /s/ Amy N. Furlong | ||
Amy N. Furlong | ||||
Treasurer | ||||
(Principal Financial Officer and Principal Accounting Officer) |