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The Value in Rising Dividends
Investing in high-quality, dividend-growing companies with above-average yields and below-average valuations, seeking to provide current income with growth of capital.
Growing Dividends Can Result In Better Relative Returns With Less Relative Volatility
10-Year Risk/Return (10/1/14 - 9/30/24)
Standard deviation is a statistical measure of risk that indicates the historical volatility of an investment’s returns.
Past performance does not guarantee future results.The performance shown above is index performance. Indices are unmanaged and not available for direct investment.
Portfolio Management
5
YRS
MANAGING THIS FUND
20
YRS
AT WELLINGTON MANAGEMENT
27
YRS
EXPERIENCE IN THIS INDUSTRY
5
YRS
MANAGING THIS FUND
19
YRS
AT WELLINGTON MANAGEMENT
27
YRS
EXPERIENCE IN THIS INDUSTRY
The portfolio managers are supported by the full resources of Wellington.
Performance
PERFORMANCE %
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
SI = Since Inception. Fund Inception: 08/28/2003
Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.
Characteristics
FUND STATS
| # of Holdings | 74 |
|---|---|
| % in Equities | 97 |
| % in Foreign Equities | 12 |
| Beta (3 year) | 0.87 |
| R Squared (3 year) | 0.96 |
| Standard Deviation | 14.81% |
| Turnover | 39% |
| Active Share | 80% |
| Dividend Frequency | Quarterly |
Holdings Characteristics
| FUND | Russell 1000 Value Index | |
|---|---|---|
| Price/Earnings | 14.4x | 16.8x |
| Price/Book | 2.9x | 3.2x |
| EPS Growth Rate | 6.9% | 9.8% |
| Asset Weighted Market Cap (billions) | $148.9 | $183.1 |
| Return on Equity | 18.4% | 20.7% |
| Median Market Cap (billions) | $60.2 | $15.2 |
Top Ten Holdings (%)
| JP Morgan Chase & Co. | 3.92 |
| UnitedHealth Group, Inc. | 3.00 |
| ConocoPhillips | 2.93 |
| Johnson & Johnson | 2.47 |
| Gilead Sciences, Inc. | 2.34 |
| Cisco Systems, Inc. | 2.32 |
| Pfizer, Inc. | 2.30 |
| Merck & Co., Inc. | 2.01 |
| American International Group, Inc. | 1.86 |
| Gaming & Leisure Properties, Inc. | 1.77 |
| Total Portfolio % | 24.92 |
Yields (%)
(as of 11/30/24)
| 30-Day SEC Yield | 0.89 |
|
Unsubsidized 30-Day SEC Yield
|
0.89 |
Market Cap Distribution (%)
| Less than $2 billion | 0 | |
| $2 billion - $5 billion | 0 | |
| $5 billion - $10 billion | 0 | |
| Greater than $10 billion | 100 | |
| Not Classified | 0 | |
RETURN CHARACTERISTICS
|
Alpha (5 Year)
|
1.10 |
|
Down Capture (5 Year)
|
86.46 |
|
Information Ratio (5 Year)
|
0.06 |
|
Sharpe Ratio (5 Year)
|
0.57 |
|
Up Capture (5 Year)
|
91.29 |
Sector Exposure (%)
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
|---|---|---|---|---|---|---|---|
| 9/30/24 | 11/30/24 | 11/30/24 | -4 0 4 | ||||
| Utilities | 9 | 9 | 5 | ||||
| Health Care | 16 | 16 | 14 | ||||
| Information Technology | 9 | 10 | 9 | ||||
| Energy | 8 | 8 | 7 | ||||
| Real Estate | 7 | 6 | 5 | ||||
| Consumer Staples | 9 | 8 | 8 | ||||
| Industrials | 13 | 14 | 15 | ||||
| Materials | 5 | 3 | 4 | ||||
| Consumer Discretionary | 4 | 4 | 6 | ||||
| Communication Services | 2 | 2 | 4 | ||||
| Financials | 18 | 20 | 23 | ||||
Based on Global Industry Classification Standard (GICS), which was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. (S&P). Excludes cash. May not total to 100% due to rounding and/or pooled vehicle allocations.
distributions and capital gains
| Distribution Date | Distribution NAV | ordinary income | short term capital gains | long term capital gains | total distribution |
|---|---|---|---|---|---|
| 9/26/2024 | 22.04 | $0.0483 | $0.0000 | $0.0000 | $0.0483 |
| 6/26/2024 | 20.38 | $0.0360 | $0.0000 | $0.0000 | $0.0360 |
| 3/26/2024 | 20.24 | $0.0790 | $0.0000 | $0.0000 | $0.0790 |
| 12/27/2023 | 19.89 | $0.1182 | $0.0000 | $0.0000 | $0.1182 |
| 12/11/2023 | 19.29 | $0.0000 | $0.0000 | $1.0807 | $1.0807 |
Past distributions are not indicative of future distributions.
Insights
Fund Literature
09/30/2024 - PDF (239 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
09/30/2024 - PDF (386 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
09/30/2024 - PDF (166 KB)
Overview of the Hartford Equity Income Fund.
09/30/2024 - PDF (170 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
09/30/2024 - PDF (172 KB)
Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.
09/30/2024 - PDF (172 KB)
Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.
PDF (157 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
09/30/2024 - PDF (476 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, and general portfolio parameters.
An unaudited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
PDF (13 KB)
A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.
An audited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
Important Risks: Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. • Mid-cap securities can have greater risks and volatility than large-cap securities. • Different investment styles may go in and out of favor, which may cause the Fund to underperform the broader stock market. • To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political, economic and regulatory developments. • Financially material environmental, social and/or governance (ESG) characteristics are one of several factors that may be considered and as a result, the investment process may not work as intended.
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