The Hartford Mutual Funds: The Hartford Target Retirement 2020 Fund
| Share Class: | A | R3 | R4 | R5 |
|---|---|---|---|---|
| Symbol: | HTWAX | HTWRX | HTWSX | HTWTX |
Categories:
Morningstar Category: Target-Date 2015-2029Investment Goal
The Fund’s goal is to maximize total return and secondarily, to seek capital preservation.
Portfolio Managers
Additional Investment Resources |
Investment Approach
Target-date retirement funds are designed for investors who plan to retire and begin withdrawing money close to the projected target-retirement fund year, and who desire an asset-allocated portfolio that becomes more conservative over time.
The Hartford Target Retirement Funds seek their goal by investing in a combination of equity and fixed-income funds.The Funds invest in a diversified combination of other Hartford Mutual Funds—the Underlying Funds—and implement a strategic asset-allocation strategy.
Each Fund’s investment goal depends on its target date.The principal value of the Funds is not guaranteed at any time, including at the target date. Please see the prospectus for further information.
Target Asset Allocation
The chart below displays the asset allocations for each of The Hartford Target Retirement Funds. As the target retirement date approaches, the Funds’ asset allocations gradually become more conservative—decreasing their allocations to equities and increasing their allocations to fixed income.
After the target retirement date, the allocations will continue to become more conservative, with the Funds reaching their most conservative allocations approximately 25 years after the target retirement date.
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.
‡ Average projected rate in earnings per share (net profit divided by number of shares outstanding) for the next 5 years.
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.
The Fund allocates its investments increasingly in fixed-income investments and decreasingly focused in equity investments as the Fund's target year approaches. Therefore, if the Fund is farther away from its target year, it will hold a higher percentage of equity investments, be more aggressive in its investment strategy, and be more volatile.
The Fund has limitations on the amount of assets that may be allocated to each asset class, which makes it less flexible in its investment strategy. The Fund is exposed to the risks of the Underlying Funds in direct proportion to the allocation to each Underlying Fund. In addition to the Fund's own fees and expenses, you will indirectly bear the Underlying Funds' fees and expenses. The Fund's performance and transaction costs may be increased by rebalancing among Underlying Funds.
Risks of the Underlying Funds include:
The Fund may invest in foreign securities, which is riskier than investments in U.S. securities (such as currency risk, illiquidity risks and risks from substantially lower trading volume on foreign markets).
The Fund invests in securities of small-capitalization and/or mid-cap companies, which is riskier than stocks of larger companies, because smaller companies are generally young, have limited business histories, and frequently rely on narrow product lines and niche markets.
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.
This Fund invests in bank loans, which carry credit risks of nonpayment of principal or interest and risks of bankruptcy, insolvency, illiquidity, and valuation.
The Fund invests in mortgage-backed and asset-backed securities, which are subject to higher interest rate and prepayment risk; their value may be reduced or become worthless if they are “subordinated” and receive interest or income payments only after other interests in the same mortgage or asset pool are satisfied.
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.
MUT8604 1009
