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The Hartford Mutual Funds: The Hartford Checks and Balances Fund

Underlying funds sub-advised by Wellington Management Company, LLP and Hartford Investment Management

Categories:

Morningstar Category: Moderate Allocation

Investment Goal/Strategy

The Fund seeks long-term capital appreciation and income by investing in a combination of underlying Hartford Mutual Funds.

Portfolio Manager

The Fund is managed by HIFSCO's Investment Oversight Committee, overseen by Vernon Meyer.

Vernon J. Meyer, CFA
Senior Vice President
Hartford Investment Financial Services, LLC
21 Years of Professional Experience
BS, Trinity College
MBA, Rensselaer Polytechnic Institute

Quarterly Portfolio Manager Commentary

Portfolio Managers of the Underlying Funds

The Hartford Capital Appreciation Fund The Hartford Total Return Bond Fund
Image: Saul J. Pannell, CFASaul J. Pannell, CFA
Senior Vice President & Partner
Wellington Management Company, LLP
36 Years of Professional Experience
MBA, Harvard Business School
Image: Nasri ToutoungiNasri Toutoungi
Managing Director
Hartford Investment Management
22 Years of Professional Experience
MA, Ecole Polytechnique Fèdèrale
MBA, Rice University
The Hartford Dividend and Growth Fund
Image: Edward P. Bousa, CFAEdward P. Bousa, CFA
Senior Vice President & Partner
Wellington Management Company, LLP
28 Years of Professional Experience
BA,Williams College
MBA, Harvard Business School
Image: Christopher Zeppieri, CFAChristopher Zeppieri, CFA
Vice President
Hartford Investment Management
11 Years of Professional Experience
BA, Fairfield University
Image: Joseph PorteraJoseph Portera
Executive Vice President
Hartford Investment Management
28 Years of Professional Experience
BA, Fordham University
MA, Fordham University

Investment Approach

For investors looking for a diversified approach to achieving their long-term goals, The Hartford Checks and Balances Fund incorporates a multi-cap fund, a large-cap value fund and a fixed-income fund.

Automatically rebalanced when any allocation to one of the Underlying funds
deviates by 5% or more.



Disclosure

Weighted average result of the Underlying Funds. Subject to change. Percentages may be rounded.

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.

1 5-year EPS growth - Average historical rate in earnings per share (net profit divided by number of shares outstanding) for the past 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 has limitations on the amount of assets that may be allocated to each asset class, which makes it less flexibile 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 for Underlying Funds include:

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 invests in securities of small-cap and/or mid-cap companies, which is riskier than stocks of larger companies, because smaller companies generally are young, have limited business history, and frequently rely on narrow product lines and niche 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 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; the value of these investments 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.

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