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The Hartford Mutual Funds: The Hartford Balanced Income Fund

Sub-advised by Wellington Management Company, LLP

Categories:

Morningstar Category: Conservative Allocation

Investment Goal/Strategy

The Fund seeks to provide current income with growth of capital as a secondary objective by investing in a mix of stocks and bonds.

Portfolio Manager

   Equity

W. Michael Reckmeyer III, CFA
Senior Vice President, Partner and Equity Portfolio Manager
Wellington Management Company, LLP
26 Years of Professional Experience
BS, University ofWisconsin
MBA, University ofWisconsin

Karen H. Grimes, CFA
Senior Vice President & Partner
Wellington Management Company, LLP

27 Years of Professional Experience
BBA, Georgia State University


Ian R. Link, CFA
Vice President and Equity Portfolio Manager
Wellington Management Company, LLP
21 Years of Professional Experience
BA, University of California, Davis
MBA, University of California, Berkeley

   Fixed income

Lucius T. Hill III
Senior Vice President & Partner
Wellington Management Company, LLP
25 Years of Professional Experience
BA, Yale University
MBA, Columbia Business School

Scott I. St. John, CFA
Vice President
Wellington Management Company, LLP
18 Years of Professional Experience
BS, Cornell University
MBA, University of Rochester


Quarterly Portfolio Manager Commentary

Additional Investment Resources
Portfolio Managers are supported by the full resources of the firm.

Investment Approach

The fund seeks to achieve its goal by investing in a mix of equity securities and fixed
income investments.


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Disclosure

* From 10/1/09 - 10/31/2010, a fee waiver is in effect.

In addition to contractual waivers which remain in effect until February 28, 2011 (unless terminated earlier by HIFSCO or HASCO), a contractual fee waiver is in effect for this Fund, which expires on October 31, 2010.

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 contractual fee waivers and expense reimbursements that may not be renewed. Contractual waivers or reimbursements remain in effect until February 28, 2011, and automatically renew for one-year terms unless terminated by the Fund’s Adviser (HIFSCO) or Transfer Agent (HASCO). For more information about the fee arrangement and 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.

Subject to change. Percentages may be rounded.

+ Russell 1000 Value Index is an index that measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged and not available for direct investment.

1 5-year EPS growth - Average projected rate in earnings per share (net profit divided by number of shares outstanding) for the next 5 years.

2 P/E Ratio - The ratio of a stock's current price over its estimated future earnings, expressed as a multiple; it measures relative value.

3 For consistency, coupon strips have been excluded.

4 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.

5 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.

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 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 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 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.

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.

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.

MUT8394 1009

Not insured by FDIC or Any Federal Agency; May lose value; Not a deposit of or guaranteed by any bank or any bank affiliate