New global funds have flexible asset allocation mandates; new international fund employs a traditional value strategy

On June 1, 2010, The Hartford Mutual Funds launched three new funds: The Hartford Global Real Asset Fund,¹ The Hartford Global All-Asset Fund,² and The Hartford International Value Fund.³ All three funds are sub-advised by Wellington Management Company, LLP, an independent and unaffiliated sub-adviser to The Hartford.

The Hartford Global Real Asset Fund and The Hartford Global All-Asset Fund offer investors global exposure at a time when global economies are changing rapidly and there is expanding demand for alternative investments.

"We expect these funds to be embraced by advisors whose clients seek active asset allocation, more sophisticated global diversification and long-term growth," says Keith Sloane, senior vice president of The Hartford Mutual Funds.

The third new offering, The Hartford International Value Fund, offers investors the benefits of international exposure with a style-focused, large-cap value approach.

The Hartford Global Real Asset Fund
The Hartford Global Real Asset Fund seeks to outpace inflation over a macroeconomic cycle by investing in a globally diverse mix of inflation-related equity investments, inflation-linked bonds, and commodities. The portfolio managers have flexibility to adapt to distinct economic environments by tactically rotating across asset classes based on their outlook for economic growth and inflation.

• Inflation-related stocks (40–70 percent)
• Inflation-linked bonds (20–50 percent)
• Commodities (0–25 percent)

"This Fund positions inflation as something that can work for you in a portfolio, rather than against you. U.S. inflation concerns remain low, but price pressures have sped up across the globe in emerging economies, highlighting the need for long-term inflation protection," says Dr. Bob Froehlich, senior managing director of The Hartford Mutual Funds.

The Hartford Global All-Asset Fund
The Hartford Global All-Asset Fund has a flexible and adaptive investment approach that gives the portfolio managers the freedom to invest in any country, sector, or asset class — including stocks, bonds, cash, commodity-related instruments, currencies, and derivatives — to address changing market opportunities. The goal of the Fund is to provide investors competitive returns with less risk than the stock market.

Target asset allocation ranges are:

• Stocks (40–80 percent)
• Bonds (20–60 percent)
• Commodities (Up to 25 percent)

"This fund is different because it can touch any investment, any trend, anywhere in the world," says Froehlich. "The continued trend of globalization highlights the need for investment strategies like this that are both global and flexible, helping to give investors broad global diversification."

The Hartford International Value Fund
The Hartford International Value Fund invests at least 65 percent of its assets in equity securities of foreign issuers. It employs a traditional value philosophy to identify common stocks of companies that:

• Are financially sound but temporarily out of favor
• Provide above-average total-return potential
• Sell at below-average price-to-earnings ratios.

The Real Asset and All-Asset management teams are led by Scott Elliott, a senior vice president at Wellington Management with 20 years of professional experience. International Value is managed by Toby Jayne, a vice president at Wellington Management with 12 years of professional experience. Portfolio managers are supported by the full resources of Wellington Management.

For more information, please contact your financial professional.

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You should carefully consider investment objectives, risks, and charges and expenses of The Hartford Mutual Funds before investing. This and other information can be found in the Fund's prospectus, which can be obtained from your investment representative or by calling 888-843-7824. Please read it carefully before you invest or send money.

¹  Assets may be allocated among different asset classes in a manner that results in the Fund underperforming its peers. Although allocation among different asset classes generally limits the Fund's exposure to the risks of any one class, Sub-Adviser may favor an asset class that performs poorly relative to another asset class.

Exposure to the commodities markets may subject the Fund to greater volatility than investments in traditional securities. The value of commodity-linked derivative investments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity.

The Fund may invest in derivatives, which carry different (and possibly greater) risks than direct investments in issuers, and are very dependent upon the sub-adviser's judgment.  In addition, investments in derivative instruments are subject to the risk that the counterparty in a transaction will be unable to honor its financial obligation to the Fund.

The Fund is subject to credit risk (the risk that the issuing company may not be able to pay interest and principal when due), interest rate risk (the risk that your investment may go down in value when interest rates rise), and risk of loss (the risk that you could lose money on your investment).

A portion of this Fund's assets may be below investment grade securities ("high-yield securities" or "junk bonds"), which are rated lower because there is a greater possibility that the issuer may be unable to make interest and principal payments on those securities. 

The Fund's investments will be concentrated in the natural resources sector, which may pose greater liquidity risk and increase the risk of loss due to factors that affect that sector.

The price of an inflation-protected debt security can decrease when real interest rates increase, and can increase when real interest rates decrease. Interest payments on inflation-protected debt securities will fluctuate as the principal and/or interest is adjusted for inflation and can be unpredictable and may result in taxable ordinary income for shareholders, even though investors do not receive their principal until maturity.

The Fund may invest in foreign securities, which can be riskier than investments in U.S. securities (risks may include currency risk, illiquidity risks, and risks from substantially lower trading volume on foreign markets).

The Fund may invest in securities of companies that conduct their principal business activities (or that trade principally on exchanges) in emerging markets (including Asia, Latin America, Eastern Europe, and Africa), which is riskier than investing in securities of more developed countries (including risks of illiquidity and increased price volatility).

The sub-adviser's investment strategy will influence performance significantly and the Fund could underperform its peers or lose money if that strategy does not perform as expected.

The Fund may invest a portion of its assets in a wholly owned subsidiary organized in the Cayman Islands.  The Fund is indirectly exposed to the risks associated with the subsidiary's investments. Since the subsidiary is not registered in the United States, is not subject to all the investor protections of the U.S. securities laws. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the subsidiary to operate as expected.

²  Assets may be allocated among different asset classes in a manner that results in the Fund underperforming its peers. Although allocation among different asset classes generally limits the Fund's exposure to the risks of any one class, Sub-Adviser may favor an asset class that performs poorly relative to another asset class.

Exposure to the commodities markets may subject the Fund to greater volatility than investments in traditional securities. The value of commodity-linked derivative investments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity.

The Fund may invest in derivatives, which carry different (and possibly greater) risks than direct investments in issuers, and are very dependent upon the sub-adviser's judgment.  In addition, investments in derivative instruments are subject to the risk that the counterparty in a transaction will be unable to honor its financial obligation to the Fund.

The Fund is subject to credit risk (the risk that the issuing company may not be able to pay interest and principal when due), interest rate risk (the risk that your investment may go down in value when interest rates rise), and risk of loss (the risk that you could lose money on your investment).

A portion of this Fund's assets may be below investment grade securities ("high-yield securities" or "junk bonds"), which are rated lower because there is a greater possibility that the issuer may be unable to make interest and principal payments on those securities. 

The Fund may invest in foreign securities, which can be riskier than investments in U.S. securities (risks may include currency risk, illiquidity risks, and risks from substantially lower trading volume on foreign markets). 

The Fund may invest in securities of companies that conduct their principal business activities (or that trade principally on exchanges) in emerging markets (including Asia, Latin America, Eastern Europe, and Africa), which is riskier than investing in securities of more developed countries (including risks of illiquidity and increased price volatility).

The sub-adviser's investment strategy will influence performance significantly and the Fund could underperform its peers or lose money if that strategy does not perform as expected.

The Fund may invest a portion of its assets in a wholly owned subsidiary organized in the Cayman Islands.  The Fund is indirectly exposed to the risks associated with the subsidiary's investments. Since the subsidiary is not registered in the United States, is not subject to all the investor protections of the U.S. securities laws. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the subsidiary to operate as expected.

³  The Fund is subject to credit risk (the risk that the issuing company may not be able to pay interest and principal when due), interest-rate risk (the risk that your investment may go down in value when interest rates rise), and risk of loss (the risk that you could lose money on your investment).

The Fund may invest in foreign securities, which can be riskier than investments in U.S. securities (risks may include currency risk, illiquidity risks, and risks from substantially lower trading volume on foreign markets). 

The Fund may invest in securities of companies that conduct their principal business activities (or that trade principally on exchanges) in emerging markets (including Asia, Latin America, Eastern Europe, and Africa), which is riskier than investing in securities of more developed countries (including risks of illiquidity and increased price volatility).

The Fund invests in value stocks, which may be more volatile because they may go in and out of favor and are sensitive to investors' perceptions about the value potential of the issuing company.

Mutual fund inception dates range from 1949 to date. The Hartford Mutual Funds are not a subsidiary of The Hartford but are underwritten, distributed by, and advised by subsidiaries of The Hartford.  Investments in The Hartford Mutual Funds are not guaranteed by The Hartford or any other entity. The Hartford Mutual Funds are underwritten and distributed by Hartford Investment Financial Services, LLC.

Wellington Management Company, LLP is an independent and unaffiliated sub-adviser to The Hartford.

The Hartford Mutual Funds are underwritten and distributed by Hartford Investment Financial Services, LLC.

"The Hartford" is The Hartford Financial Services Group, Inc. and its subsidiaries.