Hartford Investor

[+] Feedback

The Hartford Mutual Funds: The Hartford High Yield Municipal Bond Fund

Sub-advised by Hartford Investment Management

Categories:

Morningstar Category: High Yield Municipal

Investment Goal

The Fund seeks to provide a high level of current income exempt from federal income tax. Capital appreciation is a secondary objective by investing primarily in below investment grade municipal bonds..

 

Portfolio Managers

Image: Christopher BadeChristopher Bade
Vice President
Hartford Investment Management
17 Years of Professional Experience
BA, Yale University
MBA, Fordham University

Quarterly Portfolio Manager Commentary

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

Investment Approach

Using consistent and rigorous fundamental and qualitative analysis, the investment team seeks to deliver maximum yield by identifying undervalued opportunities and exploiting market discrepancies within a risk-controlled framework.



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.

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 may invest in securities that produce income subject to tax, including the Alternative Minimum Tax.

A portion of income may be subject to federal, state and local tax.

State or local political or economic conditions and developments can adversely affect the obligations issued by state and local governments. The value of the obligations owned by the Fund also may be adversely affected by future changes in federal or state income tax laws, including tax rate reductions or the imposition of a flat tax.

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.

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.

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