Seeing Through the Noise

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THIRD QUARTER 208 The 5-Minute Forecast Seeing Through the Noise Our views Investor Challenge Asset Class View Underweight Neutral Overweight Growth US Large Growth l l l US Large Value l l l US Mid-

Debt l l l Volatility Non-US Sovereign Debt l l l US Treasuries l l l Inflation TIPS l l l Municipal Real Return Bonds l l l Real Assets l l l Taxes Municipal Bonds l l l Views expressed are those of

This material is not intended to constitute investment advice, an offer to sell, or the solicitation of an offer to purchase shares or other securities.

US equity markets began the recovery process in Q2, while other developed markets (ex-uk) were down several percent (in USD terms) and emerging markets declined more than 0% (as measured by the JP

1 THIRD QUARTER 208 The 5-Minute Forecast Seeing Through the Noise Our views Investor Challenge Asset Class View Underweight Neutral Overweight Growth US Large Growth l l l US Large Value l l l US Mid- & Small-Cap l l l International Developed l l l Emerging Markets l l l Income US Investment Grade l l l US Collateralized l l l High-Yield Bonds l l l Bank Loans l l l REITs l l l Emerging Market Debt l l l Volatility Non-US Sovereign Debt l l l US Treasuries l l l Inflation TIPS l l l Municipal Real Return Bonds l l l Real Assets l l l Taxes Municipal Bonds l l l Views expressed are those of the Hartford Funds Multi-Asset Team as of 6/0/8, based on available information, and subject to change without notice. This material is not intended to constitute investment advice, an offer to sell, or the solicitation of an offer to purchase shares or other securities. 2Q Market Review The sharp domestic equity drawdown in Q left investors shaken as many questioned whether the existing high-return and low-risk regime could continue. US equity markets began the recovery process in Q2, while other developed markets (ex-uk) were down several percent (in USD terms) and emerging markets declined more than 0% (as measured by the JP Morgan EMBI Global Diversified Index). The 0-year US Treasury bond yield broke above % in late April, A a key threshold investors were closely watching to see if it would be some kind of tipping point (it wasn t). The US Federal Reserve raised rates another 0.25%, as was widely expected. Political distractions continued to negatively impact the markets, moderating investor appetite for risk. Of note were the meeting between the US and North Korea, trade tariffs, and electoral turmoil in Italy. Insight from Hartford Funds Multi-Asset Investment Team Vernon J. Meyer, CFA Managing Director and Chief Investment Officer Ted Lucas Head of Investment Strategies and Solutions A concise summary of the Hartford Funds Multi-Asset Team s views on the main challenges facing investors: Growth, Income, Volatility, Inflation, and Taxes. Growth Global equities remain attractive, especially relative to fixed income. However, as the pace of global economic growth slows, we think investors need to be selective in their equity exposures. Growth-oriented companies continue to exhibit strong momentum, but valuations are high, making them potentially vulnerable to protectionist policies that could stunt future growth prospects. Investors may be well served by layering in some value-oriented strategies as a way to diversify exposures and position portfolios a bit more defensively. Additionally, higher-quality companies have tended to perform well in the latter stages of economic recoveries. Positive performance from domestic large caps has persisted, but the impact of international trade wars and the rising cost of capital may limit additional advances. After years of lagging large caps, small caps have outperformed this year, perhaps attributable to the relatively lower exposure smaller companies have to rising tariffs. We also believe they offer more attractive valuations at this point in the cycle. Outside the US, growth in developed economies has slowed, but China may continue delivering strong economic growth into 208. B Rising rates and the rebound in the US dollar hit emerging-market equities in Q2, but we believe the recent selloff presents a potentially attractive entry point for longer-term investors that are able to weather some short-term volatility. Income We continue to believe that fixed-income risk is skewed to the downside. While default levels remain historically low and debt coverage levels are generally adequate, borrowing costs for companies have been gradually increasing. As a result, all fixed-income sub-asset classes have their own unique risk/return drivers right now. We believe security selection and active management will matter. Bank loans and collateralized loans remain attractive, in our view, given their floating-rate nature, the current supply/demand dynamics, and a lack of duration C risk. Non-US sovereigns remain at low yields relative to US investment grade debt, and unlike developed market non-us sovereigns, emerging market debt offers additional carry relative to domestic credit options, though the higher Allison Mortensen, CFA Head of Multi-Asset Solutions Kirsten Meder, CAIA, CMT Portfolio Manager NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE

2 Shorter duration fixed-income strategies may offer a source of positive real yield and portfolio ballast for the first time in many years. If trade wars materialize alongside protectionist policies, inflation could pose a meaningful portfolio risk. Past performance is not a guarantee of future results. Investors cannot directly invest in an index. JP Morgan GBI Emerging Markets Global Diversified Index is a comprehensive global, local emerging-markets index, and consists of liquid, fixed-rate, domestic-currency government bonds. A Source: Bloomberg, GT0 GOV hit % on 4/24/8 B Source: FactSet, consensus Real China 208 GDP growth is 6.5% as of 6/22/208. C Duration is a measure of the sensitivity of an investment s price to nominal interest-rate movement. D A REIT, which stands for Real Estate Investment Trust, is a company that owns or manages income-producing real estate. REITs are dependent upon the financial condition of the underlying real estate. Risks associated with REITs include credit risk, liquidity risk, and interest-rate risk. E Source: Bloomberg; GBM GOVT, average over -month period F Source: Bureau of Labor Statistics; Seasonally-adjusted unemployment rate (age 6+);.8% in May 208 and prior low of.8% in April 2000 income comes with increased volatility due to political and currency risks. Long term, we think emerging-market fundamentals and growth prospects are stabilizing and the US dollar will likely steady as well, making emerging market debt a potentially attractive diversifier in a fixed-income portfolio. REITs, D which were beaten down considerably in Q, have recovered somewhat and may be an interesting option for generating income. REITs have historically struggled initially in a rising-rate environment, but over the medium and long term we believe they ve been attractive options as increased economic growth often leads to higher occupancy rates and rents, helping REITs to generate additional income that can ultimately keep pace with inflation. Volatility While talk of heightened volatility occupied a lot of air time over the last few months, market movements were relatively benign in Q2. We think a return to higher volatility is a matter of when, not if, and managing it is an important input to generating long-term wealth. A rising-rate environment presents additional challenges to consider. Longer-duration US government bonds, often viewed as a hedge against equity market drawdowns, remain relatively unattractive given the flatness of the yield curve and the Federal Reserve s commitment to continue increasing interest rates. Non-US sovereign debt can potentially help diversify some of the domestic equity and fixed-income volatility, though yields are generally lower and there is the added element of currency risk, which has been a headwind recently as the US dollar has strengthened. In addition, for the first time in a long time, cash is an attractive, low-risk option, with the 0-day T-bill yielding.7%. E As such, shorter-duration fixed-income strategies may offer a source of positive real yield and portfolio ballast for the first time in many years. In a period of strong economic growth, investors may also want to consider lower-risk equity strategies to participate in potential growth. Inflation With more jobs than there are people to fill them, inflation remains a hot topic. Wage inflation, in particular, may be coming to the fore as the unemployment rate dropped to.8% in Q2, the lowest level in 8 years. F Pricing power for labor appears to be shifting from employers to workers. While top-line inflation has yet to arrive, those concerned about future purchasing power may consider layering some inflation protection into their portfolios. Treasury Inflation Protected Securities (TIPS), while potentially volatile in the short term, may provide a hedge against inflation surprises and longer-term increases in inflation, if held to maturity. Similarly, commoditylinked assets, while often volatile, may provide a hedge against long-term inflation. If trade wars materialize alongside protectionist policies, inflation could pose a meaningful portfolio risk. Taxes Municipal bonds on the whole appear fairly valued at present, but the net supply of muni bonds is decreasing, with more bonds maturing or being called away than are being issued. As such, technicals remain supportive. Active could outperform passive since there is a large amount of dispersion in terms of value, return, and default potential within the municipal universe. 2

3 Implementation Ideas* The strategies below are for growth, income, volatility, inflation, and taxes. There s no guarantee any of them will be effective. 72% of Hartford Funds have outperformed their Morningstar peer group averages over the past 5 years (as of 6/0/8) Average Annual Total Return (%) June 0, 208 I-Share Inception Fund Inception Morningstar Analyst Rating Overall Morningstar Rating 5 0 Since Expenses 2 Inception Net Gross Hartford Growth Opportunities Fund (HGOIX) 8//06 //6 HHHH % 0.88% GROWTH Hartford Multifactor US Equity ETF (ROUS, NAV) 2/25/5 HHHHH % 0.9% (ROUS, Market Price) 2/25/ Hartford Schroders International Multi-Cap Value Fund (SIDNX) 8/0/06 8/0/06 HHHHH % 0.87% Hartford Multifactor Developed Markets (ex-us) ETF (RODM, NAV) 2/25/5 HHHHH % 0.29% (RODM, Market Price) 2/25/ Hartford Schroders US Small/Mid Cap Opportunities Fund (SMDIX) //06 //06 HHHH %.05% Equity Fund (SEMNX) //06 //06 HHHH %.2% Hartford Emerging Markets Equity Fund (HERIX) 5// 5// HHHH %.0% Hartford Balanced Income Fund (HBLIX) 2/26/0 7//06 HHHHH % 0.69% INCOME VOLATILITY Hartford Floating Rate High Income Fund (HFHIX) 9/0/ 9/0/ HHHH % 0.86% Multi- Sector Bond Fund (SMSNX) 6/25/ 6/25/ HHH % 0.92% Hartford Multifactor REIT ETF (RORE, NAV) 0/0/ % 0.45% (RORE, Market Price) 0/0/ Hartford World Bond Fund (HWDIX) 5// 5// HHHH % 0.78% Hartford Floating Rate Fund (HFLIX) 8//06 4/29/05 HHHH % 0.7% Hartford Short Duration Fund (HSDIX) 2/26/0 0//02 HHHH % 0.57% Hartford Short Duration ETF (HSRT, NAV) 5/0/ % 0.29% (HSRT, Market Price) 5/0/ Hartford Equity Income Fund (HQIIX) 8//06 8/28/0 HHHH % 0.76% INFLATION Hartford Inflation Plus Fund (HIPIX) 8//06 0//02 HHH % 0.69% TAXES Hartford Schroders Tax-Aware Bond Fund (STWTX) 0// 0// HHHHH % 0.59% Hartford Schroders Tax-Aware Bond ETF (HTAB, NAV) 4/8/ % 0.9% (HTAB, Market Price) 4/8/ Hartford Municipal Opportunities Fund (HHMIX) 5//07 5//07 HHHH % 0.46% Hartford Municipal Opportunities ETF (HMOP, NAV) 2// % 0.29% (HMOP, Market Price) 2// 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. For more current performance information to the most recent month ended, please visit hartfordfunds.com. The preceding list includes both mutual funds and ETFs. Unlike traditional open-ended mutual funds, ETF shares are bought and sold in the secondary market through a stockbroker. Brokerage commissions may apply. ETFs trade on the major stock exchanges and their prices will fluctuate throughout the day. When buying or selling an ETF, you ll pay or receive the current market price, which may be more or less than net asset value. Mutual fund investors buy and sell directly with the mutual fund and mutual fund shares are priced once a day after the markets close. Both mutual funds and ETFs are subject to risk and volatility.

4 Full Historical Morningstar Ratings (Based on Risk-adjusted returns as of 6/0/8) Morningstar Overall Cat. Cat. 5 Cat. 0 Cat. Category Rating Size Rating Size Rating Size Rating Size Hartford Growth Opportunities (HGOIX) Large Growth HHHH Hartford Multifactor US ETF (ROUS) Large Value HHHHH Hartford Schroders Intl Multi-Cap Value (SIDNX) Foreign Large Value HHHHH Hartford Multifactor Developed Markets Foreign Large (ex US) ETF (RODM) Blend HHHHH Hartford Schroders US Small/Mid Cap Opportunities (SMDIX) Mid-Cap Blend HHHH Diversified Equity (SEMNX) Emerging Mkts HHHH Hartford Emerging Markets Equity (HERIX) Diversified Emerging Mkts HHHH Hartford Balanced Income Fund (HBLIX) Allocation-0% to 50% Equity HHHHH Hartford Floating Rate High Income Fund (HFHIX) Bank Loan HHHH Emerging Multi-Sector Bond (SMSNX) Markets Bond HHH Hartford Multifactor REIT ETF (RORE) Real Estate Unrated Hartford World Bond (HWDIX) World Bond HHHH Hartford Floating Rate (HFLIX) Bank Loan HHHH Hartford Short Duration (HSDIX) Short-Term Bond HHHH Hartford Short Duration ETF (HSRT) Short-Term Bond Unrated Hartford Equity Income (HQIIX) Large Value HHHH Hartford Inflation Plus (HIPIX) Inflation-Protected Bond HHH Hartford Schroders Tax-Aware Bond (STWTX) Muni National Interm HHHHH Hartford Schroders Tax-Aware Bond ETF (HTAB) Muni National Interm Unrated Hartford Municipal Opportunities (HHMIX) Muni National Interm HHHH Hartford Municipal Opportunities ETF (HMOP) Muni National Interm Unrated Performance data quoted represents past performance and does not guarantee future results. Other share classes may have different ratings. The Morningstar Rating TM for funds, or star rating, is calculated for funds and separate accounts with at least a -year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. Star rating based on a Morningstar Risk- Adjusted Return measure that accounts for variation in a managed product s monthly excess performance (without adjusting for any sales load, if applicable), placing more emphasis on downward variations and rewarding consistent performance. 5 stars are assigned to the top 0%, 4 stars to the next 22.5%, stars to the next 5%, 2 stars to the next 22.5%, and star to the bottom 0%. Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its -, 5-, and 0-year (if applicable) Morningstar Rating metrics. For more information about the Morningstar Fund Ratings, including their methodology, please go to global.morningstar. com/managerdisclosures. 208 Morningstar, Inc. All rights reserved. The information contained herein: () is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Fund strategies listed may not reflect the investment discussion on pages and 2. Morningstar awarded an analyst rating to the following funds as of the date noted: SIDNX 4/9/8; SMDIX 6/20/8; HBLIX /8/7; HFLIX 9/5/7; HSDIX 2/6/7; HWDIX 8/28/7; HQIIX 5/6/8; STWTX 2/8/7; and HHMIX 6/8/8. The Morningstar Analyst Rating is not a credit or risk rating. It is a subjective evaluation performed by the manager research analysts of Morningstar. Morningstar evaluates funds based on five key pillars, which are process, performance, people, parent, and price. Analysts use this five pillar evaluation to determine how they believe funds are likely to perform over the long term on a risk-adjusted basis. They consider quantitative and qualitative factors in their research, and the weighting of each pillar may vary. The Analyst Rating scale is Gold, 4 Silver, Bronze, Neutral, Negative. A Morningstar Analyst Rating of Gold, Silver, or Bronze reflects an Analyst s conviction in a fund s prospects for outperformance. Analyst Ratings are continuously monitored and reevaluated at least every 4 months. The Morningstar Analyst Rating should not be used as the sole basis in evaluating a mutual fund. Morningstar Analyst Ratings involve unknown risks and uncertainties which may cause Morningstar s expectations not to occur or to differ significantly from what we expected. For more detailed information about Morningstar s Analyst rating, including its methodology, please go to hartfordfunds.com/ MorningstarAnalystMethodology. 2 Expenses as shown in the fund s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce the fund s gross expenses. These arrangements remain in effect until 2/28/9 unless the fund s Board of Directors approves an earlier termination. For Hartford Floating Rate: Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce a class gross expenses. These arrangements remain in effect until at least 2/28/9. For Hartford Growth Opportunities Fund, Hartford Balanced Income Fund, Hartford Equity Income Fund, and Hartford World Bond Fund: Gross and Net expenses are the same. Expenses as shown in the fund s most recent prospectus. Gross and Net expenses are the same. 4 The Fund seeks to address fixed-income volatility by investing in bank loans with yields that adjust their interest rates every 0, 60, or 90 days, so they may be less affected by rising interest rates. When the Fund s Performance Inception Date is prior to the I-Share Inception Date, I-Share performance reflects Class A-share performance (excluding sales charges) and operating expenses. Hartford Schroders Funds I-share performance prior to 0/24/6 reflects the performance, fees, and expenses of the Investor Class of the predecessor Schroder funds. If Class I-fees and expenses were reflected, performance would have differed.

5 Investing involves risk, including the possible loss of principal. There is no guarantee a fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. 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 and economic developments. These risks may be greater for investments in emerging markets Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. Investments in highyield ( junk ) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. Loans can be difficult to value and highly illiquid; they are also subject to nonpayment, collateral, bankruptcy, default, extension, prepayment and insolvency risks. Municipal securities may be adversely impacted by state/ local, political, economic, or market conditions. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable. The value of inflation-protected securities (IPS) generally fluctuates with changes in real interest rates, and the market for IPSs may be less developed or liquid, and more volatile, than other securities markets. Investments in the commodities market and the natural-resource industry may increase the fund s liquidity risk, volatility and risk of loss if adverse developments occur. Small- and mid-cap securities can have greater risk and volatility than large-cap securities. The main risk of real estate related securities is that the value of the underlying real estate may decrease in value. In certain instances, unlike other ETFs, the Hartford Schroders Tax-Aware Bond ETF, Hartford Municipal Opportunities ETF, and Hartford Short Duration ETF may effect creations and redemptions partly or wholly for cash, rather than in-kind, which may make the fund less tax-efficient and incur more fees than a more conventional ETF. The Hartford Municipal Opportunities ETF and Hartford Schroders Tax-Aware Bond ETF are actively managed and do not seek to replicate the performance of a specified index. The Hartford Short Duration ETF, the Hartford Municipal Opportunities ETF are new and have a limited operating history. Due to its investment strategy, the Hartford Multifactor REIT ETF, the Hartford Multifactor US Equity ETF. and Hartford Multifactor Developed Markets (ex-us) ETFs may make higher capital gain distributions than other ETFs. Diversification does not ensure a profit or protect against a loss in a declining market. The Hartford Floating Rate Fund and Hartford Floating Rate High Income Fund should not be considered an alternative to CDs or money market funds. These Funds are for investors who are looking to complement their traditional fixed-income investments. Investors should carefully consider a fund s investment objectives, risks, charges and expenses. This and other important information is contained in the fund s prospectus and summary prospectus, which can be obtained by visiting hartfordfunds.com. Please read it carefully before investing. The views expressed herein are those of Hartford Funds, are for informational purposes only, and are subject to change based on prevailing market, economic, and other conditions. The views expressed may not reflect the opinions of the sub-advisers to our funds. They should not be construed as research or investment advice nor should they be considered an offer or solicitation to buy or sell any security. This information is current at the time of writing and may not be reproduced or distributed in whole or in part, for any purpose, without the express written consent of Hartford Funds. The Hartford World Bond Fund (the Fund ) has been developed solely by Hartford Funds. The Fund is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the LSE Group ). FTSE Russell is a trading name of certain of the LSE Group companies. All rights in the FTSE World Government Bond Index ( WGBI or the Index ) vest in the relevant LSE Group company which owns the Index. FTSE Russell is a trade mark of the relevant LSE Group company and is used by any other LSE Group company under license. The Index is calculated by or on behalf of FTSE Fixed Income, LLC or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Fund. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Fund or the suitability of the Index for the purpose to which it is being put by Hartford Funds. Exchange-traded products are distributed by ALPS Distributors, Inc. (ALPS). Advisory services are provided by Hartford Funds Management Company, LLC (HFMC) and its wholly owned subsidiary, Lattice Strategies, LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP or Schroder Investment Management North America Inc. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain funds. Hartford Funds refers to Hartford Funds Distributors, LLC, Member FINRA, HFMC, and Lattice, which are not affiliated with ALPS or any sub-adviser. 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A framework for thinking about rising inflation: Think Function, Not Form

FIRST QUARTER 2018 Insight A framework for thinking about rising inflation: Think Function, Not Form Insight from sub-adviser Wellington Management Nanette Abuhoff Jacobson Managing Director and Multi-Asset