The Hartford Mutual Funds: The Hartford Income Fund
| Share Class: | A | B | C |
|---|---|---|---|
| Symbol: | HTIAX | HTIBX | HTICX |
Categories:
Morningstar Category: Intermediate-Term BondInvestment Goal
The Fund seeks to provide a high level of current income. Capital appreciation is a secondary investment objective by investing primarily in marketable debt securities..
Portfolio Managers
Quarterly Portfolio Manager Commentary Additional Investment Resources |
Investment Approach
Search for income opportunities across the fixed income
spectrum, for example:
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U.S. Government securities
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Mortgage-backed securities
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Investment-grade corporates
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High yield corporates
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Emerging market debt
Corporate credit quality scrubbed by Hartford Investment
Management’s research team:
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Quality of earnings and management
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Emphasis upon free cash flow and credit metrics
Risks balanced by:
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A focus on high credit quality under normal circumstances
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Diversification across multiple sectors
Disclosure
† Subject to change. Percentages may be rounded.
1 For consistency, coupon strips have been excluded.
2 The average coupon and yield to maturity do not represent the performance of the Fund. These statistics do not take into account any fees and expenses associated with investments or the Fund.
3 The average credit rating of Hartford Investment Management portfolios is calculated by a third party system that assigns a higher investment grade credit rating to U.S. Government securities.
Δ In the United States, 30-day yield is a standardized yield calculation for bond funds. The formula for calculating 30-day yield is specified by the U.S. Securities and Exchange Commission (SEC). The formula translates the bond fund's current portfolio income into a standardized yield for reporting and comparison purposes. A bond fund's 30-day yield may appear in the fund's "Statement of Additional Information (SAI)" in its prospectus.
†† “Distribution yield” for Funds that declare dividends daily is calculated by multiplying the sum of actual dividends for a class declared during a month by 12 (to annualize the yield) and dividing the sum by the net asset value per share (NAV) on the last business day of the dividend period. This calculation does not take into account any sales charges paid, which would reduce the results. The Distribution Yield for the Fund will fluctuate from month to month, and is not equivalent to the 30-day SEC yield of the Fund. You should consult the Fund’s prospectus under “Fund Distributions and Tax Matters” for additional information about the Fund’s dividends and distributions policy.
The average coupon and yield to maturity do not represent the performance of the Fund. These statistics do not take into account any fees and expenses associated with investments or the Fund.
1 Net operating expenses are the expenses you are currently paying to own the Fund. If the net operating expenses shown are lower than the gross operating expenses, then the net operating expenses reflect fee waivers and/or expense reimbursements that may not be renewed. For more information about the amount of fee waivers and/or expense reimbursements and their expiration dates, please see the expense table in the prospectus.
2 Gross operating expenses shown are before management fee waivers or expense caps. Performance information may reflect historical or current expense waivers or reimbursements, without which, performance would have been lower. For more information on fee waivers and/or expense reimbursements, please see the expense table in the prospectus.
This material is authorized only when preceded or accompanied by a currently effective prospectus. The prospectus contains detailed information about the Fund, including investment objectives, risks, charges, and fees which should be considered carefully. Please read it carefully before you invest or send money.
Effective September 30, 2009, Class B shares of The Hartford Mutual Funds closed to new investors, and no new or additional investments, including investments through a systematic investment plan, will be allowed in Class B shares, except for permitted exchanges. For additional information about your privileges with respect to Class B shares, please refer to your prospectus and its supplements.
The Fund is subject to both credit and interest rate risk. The Fund's share price and yield will be affected by interest rate movements, with bond prices generally moving in the opposite direction from interest rates. Credit risk refers to the bond issuers ability to make timely payments of principal and interest.
The Fund may invest in mortgage-backed and asset-backed securities, which are subject interest rate risk, credit risk, extension risk, prepayment risk and the risk of default by the holders of the mortgages or other obligations underlying the securities.
Bank loans are subject to the risk of nonpayment of principal or interest. Substantial increases in interest rates may cause an increase in loan defaults. Although the loans may be fully collateralized at the time of acquisition, the collateral may decline in value, be relatively illiquid, or lose all or substantially all of its value subsequent to investment. In addition, many loans are relatively illiquid and may be difficult to value, which may have an adverse impact on the fund.
High-yield securities, or "junk bonds", are rated lower than investment-grade bonds because there is a greater possibility that the issuer may be unable to make interest and principal payments on those securities.
Investments in foreign securities may involve different and additional risks associated with foreign currencies, investment disclosure, accounting, securities regulation, commissions, taxes, political or social instability, war, or expropriation.
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.
MUT8394 1009
