hartford mutual funds - ci investments · hartford mutual funds simplified prospectus may 14, 2010...

Hartford Mutual Funds

SIMPLIFIED PROSPECTUS

MAY 14, 2010

1 Series F, Series T(A) and Series T(B) also available.2 Series D, Series F, Series I, Series T(A) and Series T(B) also available.3 Series D and DCA Series D units closed to new subscriptions other than purchases through systematic investment programs or systematic transfer plansestablished prior to May 9, 2008, and through automatically reinvested distributions.

4 Series F, Series I, Series T(A) and Series T(B) also available.5 Series D, Series F and Series I also available.6 Series F and Series I also available.7 DCA Series A, DCA Series B, DCA Series D and DCA Series F issuable in versions (currently only Twelve Month Version 2 and Six Month Version 5 of eachDCA Series available) and Series D also available.

No securities regulatory authority has expressed an opinion about these units. It is an offence to claim otherwise. TheFunds and the securities offered under this simplified prospectus are not registered with the United States Securities andExchange Commission and can only be sold in the United States in reliance on exemptions from registration.

Series A and Series B (and other series as indicated)

HARTFORD PORTFOLIOS

Hartford Growth Portfolio1

Hartford Balanced Growth Portfolio1

Hartford Balanced Portfolio1

Hartford Conservative Portfolio1

GLOBAL AND INTERNATIONAL EQUITY

Hartford Capital Appreciation Fund2, 3

Hartford Global Leaders Fund2, 3

Hartford International Equity Fund4

Hartford U.S. Dividend Growth Fund2, 3

Hartford U.S. Stock Fund5

DOMESTIC EQUITY

Hartford Canadian Dividend Fund2, 3

Hartford Canadian Dividend Growth Fund3, 5

Hartford Canadian Stock Fund2, 3

Hartford Canadian Value Fund2, 3

CANADIAN AND GLOBAL BALANCED

Hartford Canadian Balanced Fund2, 3

Hartford Global Balanced Fund2, 3

FIXED INCOME

Hartford Canadian Bond Fund3, 5

Hartford Global High Income Fund6

MONEY MARKET

Hartford Canadian Money Market Fund3, 7

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TABLE OF CONTENTS

PART A: General Information aboutHartford Mutual Funds. . . . . . . . . . . . . . . . . . . . . 1

Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

What is a Mutual Fund and What are the Risks ofInvesting in a Mutual Fund?. . . . . . . . . . . . . . . . . . 2

Organization and Management ofHartford Mutual Funds. . . . . . . . . . . . . . . . . . . . . 8

Purchases, Switches and Redemptions . . . . . . . . . 11

Optional Services and the DCA Program . . . . . . . 18

Fees and Expenses . . . . . . . . . . . . . . . . . . . . . . . . 22

Dealer Compensation . . . . . . . . . . . . . . . . . . . . . . 29

Dealer Compensation from Management Fees. . . 30

Income Tax Considerations for Investors . . . . . . . 30

What are Your Legal Rights?. . . . . . . . . . . . . . . . . 32

PART B: Specific Information about each of theMutual Funds Described in This Document . . . . . . 33

Hartford Growth Portfolio . . . . . . . . . . . . . . . . . . 34

Hartford Balanced Growth Portfolio . . . . . . . . . . 37

Hartford Balanced Portfolio . . . . . . . . . . . . . . . . . 40

Hartford Conservative Portfolio . . . . . . . . . . . . . . 43

Hartford Capital Appreciation Fund . . . . . . . . . . 46

Hartford Global Leaders Fund . . . . . . . . . . . . . . . 49

Hartford International Equity Fund . . . . . . . . . . . 52

Hartford U.S. Dividend Growth Fund . . . . . . . . . 55

Hartford U.S. Stock Fund . . . . . . . . . . . . . . . . . . . 58

Hartford Canadian Dividend Fund. . . . . . . . . . . . 60

Hartford Canadian Dividend Growth Fund . . . . . 63

Hartford Canadian Stock Fund . . . . . . . . . . . . . . 66

Hartford Canadian Value Fund . . . . . . . . . . . . . . 69

Hartford Canadian Balanced Fund. . . . . . . . . . . . 72

Hartford Global Balanced Fund . . . . . . . . . . . . . . 75

Hartford Canadian Bond Fund . . . . . . . . . . . . . . 78

Hartford Global High Income Fund . . . . . . . . . . 80

Hartford Canadian Money Market Fund . . . . . . . 83

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PART A:

GENERAL INFORMATION ABOUT

HARTFORD MUTUAL FUNDS

INTRODUCTIONIn this document, we, us, our, the Manager, the Trustee, thePrincipal Portfolio Adviser, the Registrar and HartfordInvestments refer to Hartford Investments Canada Corp.

In this document, Hartford Mutual Funds or the Funds refer toall of the mutual funds managed by Hartford Investmentslisted on the cover page and Hartford Mutual Fund, the Fundor a Fund refer to any one of these mutual funds. HartfordFunds refers to all of the Funds other than HartfordPortfolios, and Hartford Fund, refers to any one of suchmutual funds. Hartford Portfolios refers collectively toHartford Growth Portfolio, Hartford Balanced GrowthPortfolio, Hartford Balanced Portfolio and HartfordConservative Portfolio and Hartford Portfolio refers to anyone of Hartford Portfolios. Hartford Portfolios may invest inHartford Funds. Collectively, Hartford Mutual Funds inwhich Hartford Portfolios invest are called the UnderlyingFunds.

The Funds are open-ended mutual fund trusts establishedby declarations of trust under the laws of the Province ofOntario dated July 3, 2008 for Hartford Global HighIncome Fund, dated January 25, 2007 for Hartford GlobalBalanced Fund, dated June 9, 2006 for HartfordU.S. Dividend Growth Fund, dated August 25, 2004 forHartford Canadian Value Fund, Hartford CanadianDividend Growth Fund and Hartford Canadian DividendFund, dated April 18, 2000 for Hartford CapitalAppreciation Fund, Hartford Global Leaders Fund,Hartford U.S. Stock Fund, Hartford Canadian Stock Fund,Hartford Canadian Balanced Fund, Hartford CanadianBond Fund and Hartford Canadian Money Market Fund,dated September 22, 2008 for Hartford International EquityFund and dated January 8, 2009 for Hartford Portfolios as

(where applicable) amended and restated or as amended,consolidated and restated (collectively the “Declarations ofTrust” and individually a “Declaration of Trust”).

This document contains selected important information tohelp you make an informed decision about investing in theFunds and to help you understand your rights as an investor.

This document is divided into two parts. The first part, frompages 1 through 32 contains general information applicableto all of the Funds. The second part, from pages 33through 86, contains specific information about each ofthe Funds.

Additional information about each of the Funds is availablein the Fund’s Annual Information Form, the most recentlyfiled annual financial statements and any interim financialstatements of the Fund filed after the annual financialstatements, the Fund’s most recently filed annualmanagement report of fund performance and any interimmanagement report of fund performance for the Fund filedafter that annual management report of fund performance.These documents are incorporated by reference into thisdocument, which means that they legally form part of thisdocument just as if they were printed as part of thisdocument. You can get a copy of these documents, at yourrequest, and at no cost, by calling us toll-free at1-877-302-2210 or from your dealer.

These documents are also available atwww.hartfordinvestments.ca or by writing to HartfordInvestments, 121 King Street West, Suite 1810, P.O. Box 114,Toronto, Ontario M5H 3T9.

These documents and other information are also availableon the Internet site of SEDAR at www.sedar.com.

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WHAT IS A MUTUAL FUND AND WHAT ARE THE RISKS OF INVESTING IN A MUTUALFUND?

What is a Mutual Fund?A mutual fund is a pool of money contributed by peoplewith similar investment objectives. People who contributemoney become unitholders of the mutual fund. A mutualfund is managed by investment professionals who select thesecurities which are held by the fund. Mutual fund securityholders share the fund’s income, expenses, and any gainsand losses the fund makes on its investments in proportionto the units they own. The value of an investment in amutual fund is realized by redeeming the units held.

Each Fund offers an unlimited number of Series A units andan unlimited number of Series B units. Each Fund, otherthan Hartford Portfolios, Hartford International EquityFund and Hartford Global High Income Fund, offers anunlimited number of Series D units. Each Fund, other thanHartford Canadian Money Market Fund, offers anunlimited number of Series F units. Each Fund, other thanHartford Portfolios and Hartford Canadian Money MarketFund, offers an unlimited number of Series I units. EachFund, other than Hartford U.S. Stock Fund, HartfordCanadian Dividend Growth Fund, Hartford Global HighIncome Fund, Hartford Canadian Bond Fund, andHartford Canadian Money Market Fund, offers anadditional two series of units, namely the Series T(A) unitsand Series T(B) units. Hartford Canadian Money MarketFund also offers an unlimited number of units of anadditional four series: DCA Series A units, DCA Series Bunits, DCA Series D units and DCA Series F units, issuable inan unlimited number of versions of each such series. Whenwe refer to “DCA units” we mean DCA Series A units, DCASeries B units, DCA Series D units and DCA Series F units ofHartford Canadian Money Market Fund.

Effective May 9, 2008, Series D units of all of the Funds andDCA Series D units of Hartford Canadian Money MarketFund were closed to new subscriptions other than purchasesthrough systematic investment programs or systematictransfer plans established prior to May 9, 2008 and throughautomatically reinvested distributions. The Manager may re-open these series of units to new subscriptions in the future.

Each unit of any series or version of a series of a Fund isredeemable, entitles the holder of a whole unit of a series ofthe Fund to one vote per unit at any meeting of unitholdersof the Fund (other than meetings at which holders of aseries are entitled to vote separately as a series) andrepresents an equal undivided beneficial interest in theFund’s net assets attributable to that series. Units of theFunds are denominated in Canadian dollars. A version of aparticular series of DCA units of Hartford Canadian MoneyMarket Fund is only distinguishable from another version ofthe same series in respect of certain bonus yield obligations(and related duration periods) payable by the Manager (see“Optional Services and the DCA Program – Hartford Dollar

Cost Averaging Advantage Program” and “Part B: SpecificInformation About Each of the Mutual Funds Described inthis Document – Hartford Canadian Money Market Fund –Description of Securities – DCA Units”). The assets of eachFund are managed as one pool of assets regardless ofwhether those assets arose from the sale of one series orversion of a series of units or another.

What are the General Risks of Investing in aMutual Fund?Mutual funds are subject to the risk that your investmentmay not perform as hoped or expected over a certain periodof time and that you may suffer monetary losses. There arevarious degrees and types of risks. Mutual funds owndifferent kinds of investments – stocks, bonds, cash,derivatives, income trusts – depending on the fund’sinvestment objectives. The value of these investments willchange from day to day, reflecting changes in interest rates,economic conditions, and market and company news. As aresult, the value of a mutual fund’s units may go up anddown, and the value of your investment in a mutual fundmay be more or less when you redeem it than when youpurchased it. For example, today you might pay $10 for aunit of a Fund, and tomorrow the price might be $10.05 or$9.95 for such unit, because the value of the Fund haschanged.

There will inevitably be periods where a Fund willexperience a drop in the price of its units. If you sell yourunits in a Fund when the price is lower than you paid forthem, you will lose money on your investment. Mutual fundsare generally designed to be held as long-term investments.

Although we manage the Funds to earn as high a return aspossible consistent with preservation of capital, we cannotguarantee that the full amount of your original investmentwill be returned. Unlike bank accounts or GICs, mutualfund units are not covered by the Canada Deposit InsuranceCorporation or any other government deposit insurer.

Under exceptional circumstances, a mutual fund maysuspend redemptions. Please see “Suspending your rightto redeem units”.

What are the Specific Risks of Investing in aMutual Fund?In addition to the general risks of mutual fund investing,each mutual fund carries specific risks depending on itsparticular investments and strategies described below. EachHartford Portfolio invests primarily in a mix of UnderlyingFunds rather than directly in securities. For this reason eachHartford Portfolio is exposed to the risks associated with itsUnderlying Funds in proportion to the amount of its assetsallocated to any one Underlying Fund.

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Asset Backed and Mortgage Backed Securities RiskAsset backed securities are debt obligations that are backedby pools of consumer or business loans. Mortgage backedsecurities are debt obligations backed by pools of mortgageson commercial or residential real estate. Exposure to thesesecurities can result in prepayment or extension risk.Prepayment risk is the risk that falling interest rates couldcause faster than expected prepayments of the mortgagesand loans underlying mortgage and asset backed securities.Reinvesting these prepayments at a time when interest ratesare falling could result in a reduction in income. Extensionrisk is the risk that rising interest rates could cause mortgageand loan prepayments to slow, which could increase theinterest rate sensitivity of mortgage and asset backedsecurities. There is also a risk that a borrower or mortgagormay default on its obligations or there may be a drop in thevalue of a property secured by the loan or mortgage. Suchdefaults and/or changes in value of the underlying propertymay have an adverse impact on the value of any relatedmortgage backed or asset backed securities.

For example, an unexpectedly high rate of defaults on themortgages held by a mortgage pool may limit substantiallythe pool’s ability to make payments of principal or interestto the Fund as a holder of such subordinated securities,reducing the values of those securities or in some casesrendering them worthless. The risk of such defaults isgenerally higher in the case of mortgage pools that includeso-called “subprime” mortgages or that include mortgagesrelated to areas that have been subject to sharp declines inthe value of the underlying property.

Cash Deposit RiskTo the extent that assets of the Funds are placed on depositwith a financial institution, the Funds are exposed to a riskthat the financial institution may be unable to meet itsobligations to the Funds. To reduce this risk, the Fundsgenerally only place cash on deposit with the Funds’Custodian or sub-custodians or with major financialinstitutions.

Concentration RiskThe Fund may invest a significant portion of its assets in arelatively small number of issuers. Such concentration willreduce the diversification of the Fund, which may have animpact on the Fund’s returns. It may also increase thevolatility in the Fund’s unit price and, if there is a shortageof buyers willing to purchase those securities, the illiquidityof the Fund’s portfolio.

Credit RiskThe issuer of a bond or other fixed income security may notbe able to pay interest or repay principal when it is due.Many fixed income securities issued by companies andgovernments are rated by third party sources to help todescribe the creditworthiness of an issuer. Credit risk isgenerally lowest among issuers that have a high credit ratingfrom an independent agency. Securities with a low credit

rating (high yield securities or junk bonds) have thepotential to offer better returns and higher interest ratesthan securities with high ratings, but they also are moreexposed to credit risk and have a greater potential forsubstantial loss.

Exchange-Traded Fund RiskMost exchange-traded funds (“ETFs”) are mutual fundswhose units are purchased and sold on a securitiesexchange. An ETF represents a portfolio of securitiesdesigned to track a particular market segment or index.To the extent that an ETF tracks a particular marketsegment, such as real estate, the value of the ETF willfluctuate as the value of the particular market segment ittracks fluctuates. An investment in an ETF generallypresents the same primary risks as an investment in aconventional fund (i.e., one that is not exchange-traded)that has the same investment objectives, strategies andpolicies. In addition, an ETF may fail to accurately trackthe market segment or index that underlies its investmentobjective. ETFs in which a Fund invests may not be “actively”managed. Therefore, such ETFs would not necessarily sell asecurity because the security’s issuer was in financialtrouble, unless the security is removed from the applicableindex being replicated. As a result, the performance of anETF may be lower than the performance of an activelymanaged fund. The price of an ETF can fluctuate and aFund could lose money investing in an ETF. In addition, aswith traditional mutual funds, ETFs charge asset-based fees.Any Fund that invests in ETFs will indirectly pay aproportional share of the asset-based fees of such ETFs.Moreover, ETFs are subject to the following risks that do notapply to conventional funds: (i) the market price of theETF’s units trade at a premium or a discount to their netasset value; (ii) an active trading market for an ETF’s unitsmay not develop or be maintained; and (iii) there is noassurance that the requirements of the exchange necessaryto maintain the listing of an ETF will continue to be met orremain unchanged.

Income Trust RiskIncome trusts usually hold debt or equity securities in, orare entitled to receive royalties from, an underlyingbusiness. Generally, income trusts fall into one of foursectors: business trusts, utility trusts, resource trusts andreal estate investment trusts.

The risks associated with income trusts will vary dependingon the sector and the underlying assets. Similar to otherequity securities, income trusts are also subject to generalrisks associated with business cycles, commodity prices,interest rates and other economic factors. These securitiesface the same risks as set out in the Market Risk sectionbelow.

Typically, income trusts are more volatile than fixed-incomesecurities and preferred shares. In situations where anincome trust is unable to meet distribution targets, its value

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may decline significantly. Returns on income trusts areneither fixed nor guaranteed. In addition, where an incometrust is not able to satisfy claims against the trust, investors inthe income trust (which include a fund that invests in theincome trust), could be held responsible for suchobligations. Accordingly, certain jurisdictions have enactedlegislation to protect investors from some of this liability. Tothe extent that any of the Funds use income trusts, such usewill be limited to those jurisdictions which have enactedsuch legislation. Changes relating to the taxation of incomeof, and distributions by, certain publicly traded trusts(including income trusts) and partnerships (other thancertain real estate investment trusts) have been enacted.Generally, the changes tax such trusts and partnerships onthe amount of certain distributions or income allocationsmade by them. These distributions or allocations are treatedas eligible dividends in the hands of investors. This new taxcould affect the return on investment in respect of publiclytraded income trusts or limited partnerships that may beheld by a Fund.

Interest Rate Sensitive SecuritiesIn the case of interest rate sensitive securities, including, butnot limited to, all bonds and other fixed incomeinstruments, the value of a security may change as thegeneral level of interest rates fluctuates. When interest ratesdecline, the value of a portfolio of such securities can beexpected to rise. Conversely, when interest rates rise, thevalue of a portfolio of such securities can be expected todecline. In addition, a Fund may be subject to income risk,which is the potential for a decline in a Fund’s income dueto falling interest rates. There is the potential risk thatfalling interest rates could cause a bond issuer to “call” orrepay bonds held by the Fund before their maturity date.Reinvesting these repayments at a time when interest ratesare falling could result in a reduction in income. The Fundsmay invest in interest rate sensitive securities.

In addition, a Fund can lose money if any interest ratesensitive securities it owns are downgraded in credit ratingor go into default. In general, lower-rated bonds havehigher credit risks.

International Investment ExposureCertain of the Funds, the performance of which is linkedprincipally to foreign markets and those with more modestexposure to foreign markets, may involve certainconsiderations not typically associated with investing insecurities issued by Canadian issuers or traded in Canadiandollars, including:

Currency Risk• the potential effect of changes in the rate of exchange

between the Canadian dollar, the U.S. dollar and othercurrencies in which such investments are denominated.The Funds may invest in securities denominated ortraded in currencies other than the Canadian dollar.Consequently, the Canadian dollar equivalent of a

Fund’s investment may be adversely affected byreductions in the value of the applicable foreigncurrencies relative to the Canadian dollar and may bepositively affected by increases in the value of theapplicable foreign currencies relative to the Canadiandollar.

Foreign Security Risk• the effect of local market conditions on the availability

of public information, accounting and financialreporting standards, the volume of trading and theliquidity of securities, and transaction costs andadministrative practices;

• securities of some companies in certain countries maybe less liquid and more volatile than securities ofcomparable Canadian companies;

• in some countries, the possibility of expropriation,confiscatory taxation or nationalization of assets, andthe establishment of foreign exchange controls exists;and

• the Funds might have greater difficulty takingappropriate legal action with respect to foreigninvestments in non-Canadian courts than with respectto domestic issuers in Canadian courts.

Investments in Emerging CountriesInvestments in companies of emerging countries mayinvolve greater risks than investments in more establishedcompanies listed on stock exchanges in North America.Such investments may be considered speculative. Forexample, companies in emerging countries may havelimited product lines, markets or financial andmanagement resources and the securities of suchcompanies may be less liquid and more volatile. In manyemerging countries, there is less governmental supervisionand regulation of business and industry practices, stockexchanges, brokers, custodians and listed companies thanin Canada. There is an increased risk, therefore, ofuninsured loss due to lost, stolen or counterfeit sharecertificates, share registration problems and fraud. In somecountries, there is also a greater risk of political and socialinstability and corruption.

Investments in Small and Mid-Sized CompaniesInvestments in small and mid-sized companies on a globalbasis may involve greater risks than investments in larger,more established companies, and thus may be consideredspeculative. For example, some companies may have limitedproduct lines, markets or financial and managementresources. In addition, shares of many smaller companiestrade less frequently and in smaller volume, and may besubject to more abrupt or erratic price movements thanshares of large companies. The securities of small and mid-sized companies may also be more sensitive to marketchanges than the securities of large companies.

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Market RiskCompanies issue equities, or stocks, to help finance theiroperations and future growth. Mutual funds that purchaseequities, like other investors, acquire ownership in thesecompanies. The value of these equities varies according tohow the market reacts to specific company developments,market activity or the economy in general.

Risks of Investing in Bank Loans and LoanParticipationsBank loans are subject to the credit risk of non-payment ofprincipal or interest. Substantial increases in interest ratesmay cause an increase in loan defaults. Although the loansmay be fully collateralized at the time of acquisition, thecollateral may decline in value, be relatively illiquid, or loseall or substantially all of its value subsequent to investment.Investments may be in second lien loans (secured loans witha claim on collateral subordinate to a senior lender’s claimon such collateral) and unsecured loans. Holders’ claimsunder unsecured loans are subordinated to claims ofcreditors holding secured indebtedness and possibly otherseries of creditors holding unsecured debt. Unsecuredloans have a greater risk of default than secured loans,particularly during periods of deteriorating economicconditions. Since they do not afford the lender recourseto collateral, unsecured loans are subject to greater risk ofnon-payment in the event of default than secured loans.Many loans are relatively illiquid and may be difficult tovalue. In connection with purchasing loan participations, aFund generally will have no right to enforce compliance bythe borrower with the terms of the loan agreement relatingto the loan, nor any rights of set-off against the borrower,and the Fund may not benefit directly from any collateralsupporting the loan in which they have purchased theparticipation. As a result, the Fund may be subject to thecredit risk of both the borrower and the lender that is sellingthe participation. In the event of the insolvency of thelender selling a participation, the Fund may be treated asa general creditor of the lender and may not benefit fromany set-off between the lender and the borrower. In certaincases, the market for bank loans and loan participations isnot highly liquid, and that in such cases, the lack of a highlyliquid secondary market may have an adverse impact on thevalue of such securities. This will also have an adverse impacton the Fund’s ability to dispose of particular bank loans orloan participations when necessary to meet the Fund’sliquidity needs or when necessary in response to a specificeconomic event, such as deterioration in thecreditworthiness of the borrower. The lack of a highly liquidsecondary market for bank loans and loan participationsalso may make it more difficult for a Fund to value thesesecurities for purposes of calculating its net asset value.

Risks of Investments in Other Mutual FundsA mutual fund may pursue its investment objectivesindirectly by investing in securities of other mutual funds,including index participation units (i.e., exchange-traded

funds), in order to gain access to the strategies pursued bythose Underlying Funds. There can be no assurance thatany use of such multi-layered fund of fund structures willresult in any gains for a Fund. If an Underlying Fund that isnot traded on an exchange suspends redemptions, a Fundwill be unable to value part of its portfolio and may beunable to redeem units. In addition, the portfolio managercould allocate a Fund’s assets in a manner that results in thatFund underperforming its peers.

Risks of Large Unitholders and of Unit TransactionsFunds having unitholders that individually have significantholdings in the Fund are subject to the risk that if such largeunitholder makes a request for a significant purchase orredemption of units of a Fund, the Fund may have topurchase or sell a large portion of its portfolio toaccommodate such request. These circumstances may affectthe Fund’s net asset value because the Fund may have to sellsome of its portfolio at an unfavourable time. Similarly,ongoing fluctuations in the relative levels of purchasesand redemptions of units in a Fund over time including,in particular, systematic redemptions of DCA units ofHartford Canadian Money Market Fund pursuant to theDCA Program, can affect the portfolio investmentmanagement of the Fund which can impact the Fund’snet asset value and/or its investment performance.

Risks of Using DerivativesA derivative is a contract between two parties the value ofwhich is based on, or derived from, an underlying asset,such as a stock, bond or currency, or a market index such asThe Standard & Poor’s/Toronto Stock ExchangeComposite Index. It is not a direct investment in theunderlying asset.

Derivatives may be used both for hedging purposes (i.e., tooffset or reduce a risk associated with an investment orgroup of investments) and for the purpose of making aprofit. Hedging strategies may be implemented through thepurchase and sale of listed and over the counter forwards,futures, swaps, options and options on futures to hedgeagainst changes in interest rates, currency exchange ratesand security prices for positions held or intended to be held.In respect of implementing non-hedging strategies,derivatives may be used to adjust market and currencyexposure and to equitize cash through the purchase andsale of listed and over the counter forwards, futures, swaps,options on futures and options on securities, indexes,interest rates and currencies. Similar instruments may beused to enhance returns. Derivatives are generally useful in:

• reducing transaction costs;

• providing a more effective exposure to foreign marketsthan direct investments;

• providing greater liquidity;

• achieving exposure to a security without directlyinvesting in it;

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• hedging against changes in currency exchange rates,fluctuations and interest rates and dropping prices onstock markets; and

• increasing flexibility and speed in making portfoliochanges.

There can be no assurance that any use of derivatives by theFunds will result in any gains for the Funds and there is noguarantee that hedging will be effective. Additional risksinclude the fact that:

• in the case of over-the-counter options and forwardcontracts, there is no guarantee that a market will existfor these investments when the Fund wishes to close outits position;

• in the case of exchange-traded options and futurescontracts, there may be a lack of liquidity when theFund wishes to close out its position;

• futures exchanges may impose daily trading limits oncertain derivatives, which could prevent the Fund fromclosing out positions;

• if the other party to the derivative in the case of over-the-counter transactions is unable to fulfil its obligations,the Fund could experience a loss;

• derivative investments in some foreign markets are lesssecure; and

• if a derivative is based on a stock market index andtrading is halted on a substantial number of stocks in theindex or there is a change in the composition of theindex, it could have an adverse effect on the derivative.

Furthermore, there can be no assurance that a particularderivatives strategy, including hedging strategies, will beavailable to a Fund due to registration limitations, the costof implementing such a strategy or otherwise.

Risks of Using Repurchase, Reverse Repurchase andSecurities Lending AgreementsOne or more of the Funds may enter into repurchaseagreements, reverse repurchase agreements and securitieslending agreements to the extent permitted by theCanadian securities regulators. Investors will be given60 days’ prior written notice before a Fund commencesusing repurchase, reverse repurchase or securities lendingagreements. A repurchase agreement is an agreementwhereby the Fund agrees to sell portfolio securities to acounterparty for cash and simultaneously commits to buyback the same securities from the counterparty on a pre-determined date at a pre-negotiated price using the cashreceived by the Fund from the counterparty. While the Fundretains its exposure to changes in the value of portfoliosecurities, it also earns fees for participating in therepurchase transaction. A reverse repurchase agreementis an agreement whereby the Fund agrees to buy portfoliosecurities from a counterparty and simultaneously commitsto sell the same securities back to the counterparty on a pre-determined date at a pre-negotiated price. The differencebetween the Fund’s purchase price for the securities and the

resale price provides the Fund with additional income. Asecurities lending agreement is an agreement whereby theFund loans portfolio securities to a counterparty for a feeand the counterparty simultaneously commits to return thesecurities on demand. While the securities are on loan, thecounterparty provides the Fund with collateral consisting ofa combination of cash and/or securities.

The use of these types of agreements may be subject tocertain risks, including the fact that the other party maydefault under the agreement or go bankrupt. In a reverserepurchase agreement, the Fund may not be able to sell thesecurity in the market at the same price it paid to thecounterparty for the security if the market value of thesecurity purchased by the Fund decreases relative to thevalue of the collateral held by the Fund. In a repurchase orsecurities lending agreement, the Fund could incur a loss ifthe value of the security sold or loaned increased such that itis more than the original amount of cash paid or thecollateral held by the Fund.

To minimize these risks:

• The Funds require that the other party to thetransaction establish collateral, valued as at least 102%of the market value of the securities sold or loaned, or102% of the cash paid for the securities, as applicable;

• The collateral held by the Fund may consist only of cash,qualified securities or securities that can be immediatelyconverted into identical securities to those that are onloan. The collateral is marked to market daily;

• A Fund cannot enter into a repurchase or securitieslending agreement if the market value of the securitiesloaned by the Fund and not yet returned, or sold by theFund and not yet repurchased would exceed 50% of thetotal value of its assets; and

• The Fund’s total exposure to any one counterparty islimited to 10% of the total value of the Fund’s assets.

Risks of Yield FluctuationsOne or more Funds may be subject to the risk that the yieldon a Fund’s units will fluctuate. The yields of certain Fundswill fluctuate on a daily basis. Therefore, yields for pastperiods of these Funds are not an indication orrepresentation of future yields. A Fund’s yield is affectedby changes in interest rates, average portfolio maturity, thetypes and quality of portfolio securities held and operatingexpenses. Under certain market conditions and dependingon the Fund’s investments, a Fund’s yield may be less thanthe management expense ratio for one or more series ofunits of the Fund. In such circumstances, the Manager mayvoluntarily choose to absorb some or all of the expenses ofthe Fund or may choose to waive its right to receive all or aportion of its management fee charged to the Fund.

Series RiskAll of the Funds offer more than one series of units. Eachseries of units of the Funds has its own fees and expensesallocated to it and paid out of the investments and other

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assets attributable to that series. Each Fund as a whole isresponsible for the financial obligations of all of its seriesand if there are not enough assets attributable to a series ofunits of a Fund to pay its expenses, the other series of theFund are responsible for making up the shortfall. In such acase, the value of the units of the other series will decline bythe proportionate amount of any shortfall paid.

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ORGANIZATION AND MANAGEMENT OF HARTFORD MUTUAL FUNDSThe table below provides you with information about Hartford Investments and Hartford Mutual Funds.

ManagerHartford Investments Canada Corp.121 King Street West, Suite 1810P.O. Box 114Toronto, Ontario M5H 3T91-877-302-2210 (416) 204-9916

As Manager, we are responsible for managing the overall business and day-to-day operations of the Funds and we provide or arrange for the provisionof all general management and administrative services. We may and doengage third parties to perform certain services on our behalf.

TrusteeHartford Investments Canada Corp.Toronto, Ontario

As Trustee, we hold title to each Fund’s investments in trust for unitholdersunder the terms described in a declaration of trust.

Principal Portfolio AdviserHartford Investments Canada Corp.Toronto, Ontario

As Principal Portfolio Adviser we are responsible for the management ofthe investment portfolio of the Funds and we provide or arrange for theprovision of all investment advice and portfolio management services. Wemay and do engage third party portfolio sub-advisers to perform certainservices on our behalf. We are responsible for the investment advice andportfolio management services provided by our portfolio sub-advisers.

Portfolio Sub-AdvisersThe portfolio sub-advisers vary betweenFunds.

Hartford Investment Management Company,an affiliate of the Manager based in Hartford,Connecticut, is the portfolio sub-adviser ofHartford Global High Income Fund, HartfordCanadian Bond Fund, Hartford CanadianMoney Market Fund, Hartford Portfolios andthe fixed-income component of HartfordGlobal Balanced Fund.

The portfolio sub-advisers are third party companies retained by us to helpmanage the investment portfolio of the Funds. The portfolio sub-advisersprovide day-to-day analysis, investment advice and portfolio managementrelating to the investment of the Funds’ assets.

It may be difficult to enforce any legal rights against Hartford InvestmentManagement Company and Wellington Management Company, LLPbecause they are foreign companies and their assets are located outsideCanada.

Wellington Management Company, LLP,based in Boston, Massachusetts is the portfoliosub-adviser of Hartford Capital AppreciationFund and Hartford U.S. Stock Fund.Wellington Management Company, LLP is notan affiliate of the Manager.

Black Creek Investment Management Inc.based in Toronto, Ontario is the portfolio sub-adviser of Hartford Global Leaders Fund,Hartford International Equity Fund and theequity component of Hartford GlobalBalanced Fund. Black Creek InvestmentManagement Inc. is not an affiliate of theManager.

Greystone Managed Investments Inc. based inRegina, Saskatchewan is the portfolio sub-adviser of Hartford U.S. Dividend GrowthFund, Hartford Canadian Stock Fund,Hartford Canadian Dividend Growth Fundand Hartford Canadian Balanced Fund.Greystone Managed Investments Inc. is not anaffiliate of the Manager.

Beutel, Goodman & Company Ltd. based inToronto, Ontario is the portfolio sub-adviserof Hartford Canadian Value Fund andHartford Canadian Dividend Fund. Beutel,Goodman & Company Ltd. is not an affiliateof the Manager.

• 8 •

CustodianState Street Trust Company CanadaToronto, Ontario

The custodian (or its sub-custodians) holds the investments of the Fundsand keeps them safe to ensure that they are used only for the benefit ofinvestors. The custodian is independent of Hartford Investments.

RegistrarHartford Investments Canada Corp.Toronto, Ontario

As Registrar, we are responsible for maintaining or arranging for themaintenance of a record of the names of all unitholders of the Fundsand a record of the number of units held. We may and do engage thirdparties to assist us in providing these services.

AuditorsPricewaterhouseCoopers LLPToronto, Ontario

The auditors are an independent chartered accounting firm. The firmexamines the Funds’ financial statements and provides an opinion as towhether they fairly present the Funds’ financial position and results ofoperations in accordance with Canadian generally accepted accountingprinciples.

Independent Review Committee In accordance with National Instrument 81-107 Independent ReviewCommittee for Investment Funds (“NI 81-107”), we have established anindependent review committee (“IRC”) for the Funds. The IRCprovides independent oversight and impartial judgment on conflicts ofinterest involving the Funds. It carries out the mandate prescribed inNI 81-107 or otherwise required under applicable securities legislation.The IRC considers conflict of interest matters referred to it by the Managerand makes recommendations to the Manager on whether or not theproposed action achieves a fair and reasonable result for the Funds.

The IRC is composed of five members, each of whom is independentwithin the meaning of NI 81-107.

The IRC prepares, at least annually, a report of its activities for unitholdersof the Funds which will be available to any unitholders, at no cost, throughSEDAR at www.sedar.com or by writing to us at Hartford InvestmentsCanada Corp., 121 King Street West, Suite 1810, Toronto, Ontario M5H3T9 or by visiting our website at www.hartfordinvestments.ca. Additionalinformation about the IRC, including the names of the members, isavailable in the Funds’ Annual Information Form.

In certain circumstances, your approval may not be required undersecurities legislation to effect a merger of Funds or a change in theauditor of a Fund. Where the IRC is permitted under securitieslegislation to approve a merger of Funds in place of unitholders, you willreceive at least 60 days written notice before the date of the merger. For achange in the auditor of a Fund, your approval will not be obtained, but youwill receive at least 60 days written notice before the change takes effect.

The ManagerThe Manager is an indirect, wholly-owned subsidiary of TheHartford Financial Services Group, Inc. (“The Hartford”) ofHartford, Connecticut. The Hartford and its subsidiaries,headquartered in Connecticut, are among the largestproviders of both property and casualty insurance and lifeinsurance products in the United States. Through its lifeinsurance subsidiaries in the United States, The Hartfordcarries on life insurance business including the offering ofinvestment products such as fixed and individual variableannuities, retail mutual funds, retirement plan services andinvestment management services.

Portfolio Sub-AdvisersWellington Management Company, LLP (“WellingtonManagement”), is a Massachusetts limited liabilitypartnership with principal offices based in Boston,Massachusetts. Wellington Management is a professionalinvestment counselling firm which provides investment

services to investment companies, employee benefit plans,endowments, foundations, and other institutions(including affiliates of the Manager). WellingtonManagement and its predecessor organizations haveprovided investment advisory services for over 70 years.As of December 31, 2009, Wellington Management hadinvestment management authority with respect toapproximately U.S. $537 billion in assets undermanagement.

Hartford Investment Management Company (“HartfordInvestment Management”) is a professional moneymanagement firm based in Hartford, Connecticut, thatprovides services to investment companies, employeebenefit plans, insurance companies and institutionalaccounts (including affiliates of the Manager). HartfordInvestment Management is a wholly owned subsidiary ofThe Hartford. As of December 31, 2009, HartfordInvestment Management had investment managementauthority with respect to approximately U.S. $144 billion

• 9 •

of assets under management for various clients. HartfordInvestment Management is an affiliate of and connectedwith the Manager.

Greystone Managed Investments Inc. (“Greystone”) is aninvestment management firm based in Regina,Saskatchewan, that provides services to corporate andpublic pension funds, investment funds, educationalinstitutions, foundations, trusts and charities, religiousorders, trade unions, hospitals and cultural organizations.As of December 31, 2009, Greystone had investmentmanagement authority with respect to approximatelyCDN $32 billion of assets under management for variousclients.

Beutel, Goodman & Company Ltd. (“Beutel Goodman”), aprivately owned company based in Toronto, Ontario, is aprofessional investment counselling firm that providesservices to pension funds, investment funds, otherinstitutions and high net worth clients. Beutel Goodmanhas provided investment advisory services since 1967. As ofDecember 31, 2009, Beutel Goodman had investmentmanagement authority with respect to approximatelyCDN $20 billion in assets under management.

Black Creek Investment Management Inc. (“Black Creek”)is an investment management firm based in Toronto,Ontario that manages international equity portfolios forits clients. As of December 31, 2009, Black Creek hadinvestment management authority with respect toapproximately CDN $372 million in assets undermanagement for various clients.

The Manager has agreed to be responsible to the Funds forall advice and services provided to the Manager and each ofthe Funds by the respective portfolio sub-advisers. Thisresponsibility cannot be waived. It may be difficult toenforce legal rights against Wellington Management andHartford Investment Management because they areresident outside Canada and all or substantially all of theirassets are located outside Canada. The Manager isresponsible for the fees of the sub-advisers.

Investments in Other Mutual Funds Managedby the ManagerThe Funds are permitted to invest in securities of othermutual funds, including those that may be managed by theManager or an affiliate or associate of the Manager. If aFund invests in securities of a mutual fund managed by theManager or an affiliate or associate of the Manager, it willnot vote those securities. Instead, the Manager may arrangefor such securities to be voted by the beneficial unitholdersof the applicable Fund.

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PURCHASES, SWITCHES AND REDEMPTIONS

The following pages tell you how to invest in the Funds, howmuch it will cost and other important details.

Series of UnitsAll of the Funds are organized as mutual fund trusts. Each ofthe Funds currently offers at least two series of units, namelySeries A and Series B units, which are available to allinvestors. In addition, each Fund other than HartfordCanadian Money Market Fund offers an unlimited numberof Series F units, which are typically only available toinvestors who participate in dealer fee-based programs.Each Fund, other than Hartford Portfolios and HartfordCanadian Money Market Fund, offers an unlimited numberof Series I units, which are available to institutional investorsand each Fund, other than Hartford Portfolios andHartford Global High Income Fund, offers an unlimitednumber of Series D units, which are available to all investors.Each Fund, other than Hartford U.S. Stock Fund, HartfordCanadian Dividend Growth Fund, Hartford Global HighIncome Fund, Hartford Canadian Bond Fund, andHartford Canadian Money Market Fund, offers anadditional two series of units, namely the Series T(A) unitsand Series T(B) units. Series T(A) units and Series T(B)units are available to all investors, subject to certainminimum investment requirements and are designed forinvestors seeking regular monthly cash flows from a Fund.Hartford Canadian Money Market Fund also offers anunlimited number of units of an additional four series:DCA Series A units, DCA Series B units, DCA Series D units,DCA Series F units, issuable in an unlimited number ofversions of each such series. DCA units are available to allinvestors who participate in a Hartford Dollar CostAveraging Advantage Program (see “Optional Servicesand the DCA Program – Hartford Dollar Cost AveragingAdvantage Program”).

Series ClosuresEffective May 9, 2008, Series D units of all of the Funds andDCA Series D units of Hartford Canadian Money MarketFund were closed to new subscriptions other than purchasesthrough systematic investment programs or systematictransfer plan established prior to May 9, 2008 andautomatically reinvested distributions.

Purchase PriceYour choice of series of units will require you to paydifferent fees and expenses, will affect the amount ofcompensation paid to your Dealer (see “Purchase Options”,“Fees and Expenses” and “Dealer Compensation” below)and will affect the purchase price you pay for your units.

When you buy units in a Fund, you buy them at the net assetvalue (“NAV”) of the unit, calculated as of the day of yourpurchase, as long as we receive your purchase request ingood order prior to 4 p.m. (Toronto time) (or such other

time the Toronto Stock Exchange closes) on a business day.If we receive your order after that time, we will process yourorder as of the next business day. The NAV per unit is thebasis for all purchases, redemptions and transfers (alsosometimes referred to as switches) of units and for thereinvestment of distributions.

We calculate a separate NAV for each series of units of aFund. Generally speaking, the NAV per unit of each series iscalculated by:

• taking the proportionate share of the assets of the Fundallocated to that series;

• subtracting the expenses of that series and theproportionate share of the common expenses of theFund allocated to that series; and

• dividing the resulting number by the total number ofunits in that series held by investors.

Purchase of UnitsUnits of the Funds are offered for sale on a continuous basisin all of the provinces and territories of Canada throughregistered dealers at a price equal to their NAV in themanner and at the time described above (we are notlicensed to sell units of the Funds directly to you).

We reserve the right, from time to time, to close each Fundor series to new investors or new purchases. A Fund or seriesthat has been closed may be reopened for investment at ourdiscretion. Any closing of a Fund or series will not impactredemption rights of unitholders.

The units of the Funds have not been qualified for sale inany jurisdiction outside Canada. Purchases of units outsideCanada or by or on behalf of persons located outsideCanada are not permitted where the purchase would violatethe laws of the jurisdiction in which the registered orbeneficial purchaser is located.

Only those series of DCA units of Hartford Canadian MoneyMarket Fund specified from time to time in this simplifiedprospectus (as it may be amended) are available forpurchase. The Fund may, at any time, cease acceptingsubscriptions for a particular series of DCA units. See“Optional Services and the DCA Program – Hartford DollarCost Averaging Advantage Program” and “Part B - SpecificInformation About Each of the Mutual Funds Described inthis Document – Hartford Canadian Money Market Fund –Description of Securities Offered – DCA Units”. HartfordCanadian Money Market Fund may redeem DCA unitspurchased by an investor (with no redemption or salescharges) at their then net asset value if Hartford CanadianMoney Market Fund has not received the applicable DCAProgram instructions within five (5) business days of theinitial issuance of such units (see “Optional Services and theDCA Program”).

• 11 •

Minimum InvestmentsExcept as described below, the minimum initial investmentin units of a Fund is $500 and the minimum amount of eachsubsequent purchase of units of a Fund is $50. The minimuminvestment in units of a Fund under a systematic investmentprogram is $50 per purchase. Under a systematic investmentprogram, the minimum initial investment may be waived.

The minimum initial investment in Series T(A) units andSeries T(B) units of any applicable Fund is $10,000 and theminimum initial investment in any series of units of anyHartford Portfolio is $25,000.

The minimum initial investment and minimum subsequentinvestment in DCA units of Hartford Canadian MoneyMarket Fund is $5,000.

For illustration purposes, the minimum initial investmentand subsequent investment requirements are set forth inthe following table:

MinimumInitial

Investment

MinimumSubsequentInvestment

Hartford Portfolios $25,000 $ 50DCA units of Hartford CanadianMoney Market Fund $ 5,000 $5,000Series T(A) and Series T(B) unitsof the Funds (excluding HartfordPortfolios) $10,000 $ 50Series A, Series B, Series D andSeries F units of the Funds(excluding Hartford Portfolios) $ 500 $ 50

We may waive these minimum investment thresholds at anytime in our sole discretion.

Purchase OptionsThe sales charges you pay depend on the series of unitspurchased and are described below:

• Series A and DCA Series A – A commission negotiatedbetween you and your dealer not exceeding 5% (2% forSeries A units of Hartford Canadian Money MarketFund) of the total amount (including commissions)paid by you. This is equivalent to a maximum of5.26% of the net amount invested by you (2.04% forSeries A units of Hartford Canadian Money MarketFund).

Any DCA Series A units redeemed (including units ofother Funds issued as a result of the transfers of DCAunits) within twelve (12) months of the termination ofthe applicable DCA Program are subject to a DCA earlyredemption charge (see “Fees and Expenses PayableDirectly by You – DCA Early Redemption Charge”).Any such commission will be returned to an investorwhose DCA units are redeemed for failure to provide theapplicable DCA Program instructions (see “OptionalServices and the DCA Program - Hartford Dollar CostAveraging Advantage Program”).

• Series B and DCA Series B – You have three differentoptions when purchasing Series B units and DCASeries B units:• DSC Option: A contingent deferred sales charge at

the time of redemption if redeemed within six yearsfrom the date of investment (the “DSC Option”); or

• Low Load L3 Option: A contingent deferred salescharge at the time of redemption if redeemed withinthree years from the date of investment (the “LowLoad L3 Option”); or

• Low Load L1 Option: A contingent deferred salescharge at the time of redemption if redeemed withintwo years from the date of investment (the “LowLoad L1 Option”).

Under these purchase options, the entire amount ofyour purchase order is invested in units at a price equalto their NAV. The sales commission is paid by us to thedealer without being deducted from your purchaseorder. However, units purchased on such a basis aresubject to redemption charges paid to us, if redeemedwithin the applicable six, three or two years from thedate of investment, in the amounts shown in the tableunder the heading “Fees and Expenses Payable Directlyby You – Redemption Fees” below. The management feecharged in respect of Series B units and DCA Series Bunits is higher than that charged in respect of theSeries A units and DCA Series A units to compensatethe Manager for funding such up front salescommissions.

• Series F: This series of units is typically only available toinvestors who participate in fee-based programs throughtheir dealer. Participants in these programs are subjectto periodic asset-based fees by their dealer rather thancommissions on each transaction. Hartford Investmentsmay also make these units available, generally throughdealers, to any other investor for whom HartfordInvestments does not incur distribution costs. If aninvestor chooses to withdraw from a fee-based program,the Series F units held by an investor may be eitherredeemed or switched to an equivalent value of Series Aunits or Series B units of a Fund subject to applicablesales or redemption fees or charges (see “How toTransfer Units Between Funds” and “How to TransferUnits Between Series of the Same Fund”) or minimuminvestment requirements (see “Purchases, Switches andRedemptions – Minimum Investments”).

• Series I: This series of units is a special purpose series notsold to the general public. Series I units are generally forinstitutional investors who meet a certain minimuminvestment threshold and who have entered into aSeries I Subscription Agreement with HartfordInvestments. The minimum investment threshold couldvary for institutional accounts that are expected to growtheir investment significantly within a period of timeacceptable to Hartford Investments. No management

• 12 •

fees are charged to the Funds with respect to Series Iunits and instead, each Series I investor negotiates aseparate fee that is paid directly to HartfordInvestments. There are no sales commissions payableto dealers on the sales of these Series I units.

• Series T(A): A commission negotiated between you andyour investment professional not exceeding 5% of thetotal amount (including commissions) paid by you. Thisis equivalent to a maximum of 5.26% of the net amountinvested by such unitholder. Series T(A) units areavailable to all investors, subject to certain minimuminvestment requirements. Series T(A) units aredesigned for investors seeking regular monthly cashflows from a Fund. Monthly distributions for each Fundare expected to consist of return of capital, which can bepaid in cash or reinvested in additional units at theoption of the unitholder. Series T(A) units are notgenerally recommended for use in registered plans. Ifyou hold Series T(A) units in a registered plan, anydistributions may be reinvested in additional units.

• Series T(B): You have three different options whenpurchasing Series T(B) units:

• DSC Option: A contingent deferred sales charge atthe time of redemption if redeemed within six yearsfrom the date of investment (the “DSC Option”); or

• Low Load L3 Option: A contingent deferred salescharge at the time of redemption if redeemed withinthree years from the date of investment (the “LowLoad L3 Option”); or

• Low Load L1 Option: A contingent deferred salescharge at the time of redemption if redeemed withintwo years from the date of investment (the “LowLoad L1 Option”).

Under these purchase options of Series T(B) units, theentire amount of your purchase order is invested in unitsat a price equal to their NAV. The sales commission ispaid by us to the dealer without being deducted fromyour purchase order. However, units purchased on sucha basis are subject to redemption charges paid to us, ifredeemed within the applicable six, three or two yearsfrom the date of investment, in the amounts shown inthe table under the heading “Fees and Expenses PayableDirectly by You – Redemption Fees” below. Themanagement fee charged in respect of Series T(B) unitsis higher than that charged in respect of the Series T(A)units to compensate the Manager for funding such upfront sales commissions. Series T(B) units are availableto all investors, subject to certain minimum investmentrequirements. Series T(B) units are designed forinvestors seeking regular monthly cash flows from aFund. Monthly distributions for each Fund are expectedto consist of return of capital, which can be paid in cashor reinvested in additional units at the option of theunitholder. Series T(B) units are not generallyrecommended for use in registered plans. If you hold

Series T(B) units in a registered plan, any distributionsmay be reinvested in additional units.

Placing Purchase OrdersUnits of a Fund may be purchased by submitting a purchaseorder to a registered dealer. Purchase orders for units of anyseries of DCA units of Hartford Canadian Money MarketFund must be subsequently followed by DCA Programinstructions (see “Optional Services and the DCAProgram – Hartford Dollar Cost Averaging AdvantageProgram”).

Execution of Purchase OrdersDetailed procedures for processing purchase orders arecontained in the Funds’ Annual Information Form. Pleasesee page 1 for information about how you can obtain theFund’s Annual Information Form.

Purchase orders are priced when the Fund has received theorder, subject to settlement. Purchase orders received by aFund prior to 4:00 p.m. (Toronto time) (or such other timethe Toronto Stock Exchange closes) on a business day arepriced using the net asset value per unit determined on thatday. Purchase orders received by a Fund after 4:00 p.m.(Toronto time) (or such other time the Toronto StockExchange closes) on a business day or at any time on anon-business day are priced using the net asset value perunit determined on the next business day.

Each Fund reserves the right to reject any order for thepurchase of units within one business day of receipt of theorder. Any monies received with that order will beimmediately refunded.

DCA units purchased by an investor (with no redemption orsales charges) are redeemed at their then net asset value ifwe have not received the applicable DCA Programinstructions within five (5) business days of the initialissuance of such units (see “Optional Services and theDCA Program – Hartford Dollar Cost Averaging AdvantageProgram”).

The Funds do not issue a certificate when units of a Fund arepurchased. A confirmation of each purchase of units is sentto a unitholder shortly after the applicable settlement date.Unitholders will be provided with a regular statementshowing how many units are owned by the unitholderand their value.

How to Transfer Between the Funds/SeriesIn certain circumstances, you can redeem units in one Fundand use the proceeds to buy units in another Fund (or, incertain circumstances, units of another series of the sameFund). This is called transferring or switching (orredesignating). There may be applicable sales, transferand/or redemption fees or charges (see “Fees and ExpensesPayable Directly by You”) or minimum investmentrequirements (see “Purchases, Switches andRedemptions – Minimum Investments”). Your dealer mayrequest that you transfer or redesignate units that are

• 13 •

subject to redemption fees or charges into units that aresubject to sales charges. It is the Manager’s expectation thata dealer making such a request will act in accordance withregulations of the Mutual Fund Dealers Association ofCanada or Investment Industry Regulatory Organizationof Canada, as appropriate, including obtaining your priorconsent to such transfers. Certain transfers may result in anincreased service fee or trailing commission paid toqualified dealers (see “Dealer Compensation – ServiceFees”).

How to Transfer Units Between FundsThrough your dealer you may, in certain circumstances,transfer all or part of your units of a series of a Fund intounits of a series of another Fund at their respective net assetvalues per unit (subject to applicable fees or charges andminimum investment requirements).

The transfer of units between Funds may result in yourealizing a capital gain or loss for tax purposes. See “IncomeTax Considerations for Investors”.

Subject to the terms of the series closures noted on thecover page, the following transfers of all or part of your unitsof a Fund into units of another Fund are the only permittedtransfers. We may change these transfer rules at any time.For any of these permitted transfers there may be applicabletransfer fees (see “Fees and Expenses Payable Directly byYou – Transfer Fees”) and minimum investmentrequirements (see “Purchases, Switches andRedemptions – Minimum Investments”) and, as specifiedbelow, there may be sales or redemption fees or chargeswhen transferring Series B units, Series F units orSeries T(B) units.

Transferring Series A Units Between FundsYou can transfer Series A units of a Fund into Series A units,Series F units or Series T(A) units of another Fund at theirrespective net asset values per unit. For any transfer intoSeries F units of another Fund you will be required to meetthe fee-based program requirements established by yourdealer (see “Purchase Options – Series F units”).

Transferring Series B Units Between FundsAlthough you can transfer Series B units of a Fund intoSeries A units, Series B units, Series F units, Series T(A) unitsor Series T(B) units of another Fund at their respective netasset values per unit, in order to avoid unnecessaryredemption fees, Series B units of a Fund should only betransferred into Series B units or Series T(B) units ofanother Fund. Series B units or Series T(B) units of a Fundissued on such transfer will continue to be subject to theredemption charges that applied to the original units,including upon the occurrence of a change in thefundamental investment objective or the termination ofthe Fund. If you transfer Series B units of a Fund intoSeries A units, Series F units or Series T(A) units of anotherFund, you will have to pay a redemption fee (see “Fees and

Expenses Payable Directly by You”) except if you have heldyour Series B units for at least the six, three or two yearsapplicable to the redemption charges that applied to theoriginal units or if you use your free annual withdrawalamount applicable to the transfer of Series B units (see“Purchases, Switches and Redemptions – 10% FreeRedemption Entitlement”). For any transfer into Series Funits of another Fund you will be required to meet thefee-based program requirements established by your dealer(see “Purchase Options – Series F units”).

Transferring Series D Units Between FundsYou can transfer Series D units of a Fund into Series A units,Series F units or Series T(A) units of another Fund at theirrespective net asset values per unit. For any transfer intoSeries F units of another Fund you will be required to meetthe fee-based program requirements established by yourdealer (see “Purchase Options – Series F units”).

Transferring DCA Units Between FundsDCA Series A units can be transferred into Series A units orSeries T(A) units of another Fund at their respective netasset values per unit (see “Optional Services and the DCAProgram”) in accordance with the DCA Program. Similarly,DCA Series B units can be transferred into Series B units orSeries T(B) units of another Fund and DCA Series F unitscan be transferred into Series F units of another Fund, eachat their respective net asset values per unit, in accordancewith the DCA Program. Units of a Fund issued on a transferof DCA units (including pursuant to the DCA Program) willcontinue to be subject to the redemption charges thatapplied to the original units, including upon theoccurrence of a change in fundamental investmentobjectives or termination of the Fund.

Transferring Series F Units Between FundsYou can transfer Series F units of a Fund into Series A units,Series B units, Series F units, Series T(A) units or Series T(B)units of another Fund at their respective net asset values perunit. A transfer of Series F units of a Fund into Series A units,Series B units, Series F units, Series T(A) units or Series T(B)units of another Fund will be treated on the same basis as aninitial purchase of such latter units such that sales chargesor redemption fees will be applicable but no transfer feeswill be charged (see “Fees and Expenses Payable Directly byYou”).

Transferring Series I Units Between FundsYou can transfer Series I units of a Fund into Series I units ofanother Fund at their respective net asset values per unit.

Transferring Series T(A) Units Between FundsYou can transfer Series T(A) units of a Fund into Series Aunits, Series F units or Series T(A) units of another Fund attheir respective net asset values per unit. For any transferinto Series F units of another Fund you will be required to

• 14 •

meet the fee-based program requirements established byyour dealer (see “Purchase Options – Series F units”).

Transferring Series T(B) Units Between FundsAlthough you can transfer Series T(B) units of a Fund intoSeries A units, Series B units, Series F units or Series T(A)units of another Fund at their respective net asset values perunit, in order to avoid unnecessary redemption fees,Series T(B) units of a Fund should only be transferred intoSeries T(B) units or Series B units of another Fund.Series T(B) units or Series B units of a Fund issued on suchtransfer of units will continue to be subject to theredemption charges that applied to the original units,including upon the occurrence of a change in thefundamental investment objective or the termination ofthe Fund. If you transfer Series T(B) units of a Fund intoeither Series A units, Series F units or Series T(A) units ofanother Fund at their respective net asset values per unit, asnoted above, you will have to pay a redemption fee (see“Fees and Expenses Payable Directly by You”) except if youhave held your Series T(B) units for at least the six, three ortwo years applicable to the redemption charges that appliedto the original units or if you use your free annualwithdrawal amount applicable to the transfer of Series T(B)units (see “Purchases, Switches and Redemptions – 10%Free Redemption Entitlement”). For any transfer intoSeries F units of another Fund you will be required to meetthe fee-based program requirements established by yourdealer (see “Purchase Options – Series F units”).

How to Transfer Units Between Series of theSame FundTransfers of units between series of the same Fund areeffected as redesignations. In certain circumstances, youmay redesignate through your dealer units of one series intounits of another series of the same Fund. A redesignation ofunits between series of the same Fund does not necessarilyresult in the unitholder receiving an equal number of unitsof the newly held series compared to the number of unitsoriginally held, since different series of the same Fund havedifferent NAVs. However, you will receive units of the newseries in an equal dollar value to the value of your originalunits. A redesignation of units between series of the sameFund does not result in a capital gain or capital loss. See“Income Tax Considerations for Investors”. Subject to theseries closures noted on the cover page, the followingredesignations of all or part of your units of one series ofa Fund into units of another series of the same Fund are theonly permitted redesignations. We may change theseredesignation rules at any time. For any of these permittedredesignations, no transfer fee will apply but there may beapplicable minimum investment requirements (see“Purchases, Switches and Redemptions – MinimumInvestments”) and a sales charge or redemption fee maybe applicable when redesignating Series B units, Series Funits or Series T(B) units.

Redesignating Series A Units Between Series of theSame FundYou can redesignate Series A units of a Fund into Series Funits or Series T(A) units of the same Fund at theirrespective net asset values per unit. For any redesignationinto Series F units of the same Fund you will be required tomeet the fee-based program requirements established byyour dealer (see “Purchase Options – Series F units”).

Redesignating Series B Units Between Series of theSame FundYou can redesignate Series B units of a Fund into Series T(B)units of the same Fund at their respective net asset valuesper unit. Accordingly, the redemption charges that appliedto the original Series B units would continue to apply to theSeries T(B) units. You can also redesignate Series B units ofa Fund into either Series A units, Series F units orSeries T(A) units of the same Fund at their respective netasset values per unit provided no redemption fees would beapplicable on a redemption of such Series B units at thetime of the redesignation (see “Fees and Expenses PayableDirectly by You”). Accordingly, only if you have held yourSeries B units for at least the six, three or two yearsapplicable to the redemption charges that applied to theoriginal units or if the free annual withdrawal amount isthen applicable to the Series B units to be redesignated (see“Purchases, Switches and Redemptions – 10% FreeRedemption Entitlement”) can you redesignate Series Bunits of a Fund into either Series A units, Series F units orSeries T(A) units of the same Fund at their respective netasset values per unit. For any redesignation into Series Funits of the same Fund you will be required to meet thefee-based program requirements established by your dealer(see “Purchase Options – Series F units”).

Redesignating Series D Units Between Series of theSame FundYou can redesignate Series D units of a Fund into Series Aunits, Series T(A) units or Series F units of the same Fund attheir respective net asset values per unit. For anyredesignation into Series F units of the same Fund you willbe required to meet the fee-based program requirementsestablished by your dealer (see “Purchase Options – Series Funits”).

Redesignating Series F Units Between Series of theSame FundYou can redesignate Series F units of a Fund into Series Aunits, Series B units, Series T(A) units or Series T(B) units ofthe same Fund at their respective net asset values per unit. Aredesignation of Series F units of a Fund into Series A units,Series B units, Series T(A) units or Series T(B) units of thesame Fund will be treated on the same basis as an initialpurchase of such units and thus sales charges or redemptionfees will be applicable (see “Fees and Expenses PayableDirectly by You”).

• 15 •

Redesignating Series T(A) Units Between Series of theSame FundYou can redesignate Series T(A) units of a Fund into eitherSeries A units or Series F units of the same Fund at theirrespective net asset values per unit. For any redesignationinto Series F units of the same Fund, you will be required tomeet the fee-based program requirements established byyour dealer (see “Purchase Options – Series F units”).

Redesignating Series T(B) Units Between Series of theSame FundYou can redesignate Series T(B) units of a Fund into Series Bunits of the same Fund at their respective net asset valuesper unit. Accordingly, the redemption charges that appliedto the original Series T(B) units would continue to apply tothe Series B units. You can also redesignate Series T(B) unitsof a Fund into either Series A units, Series F units orSeries T(A) units of the same Fund at their respective netasset values per unit, provided no redemption fees would beapplicable on a redemption of such Series T(B) units at thetime of the transfer (see “Fees and Expenses PayableDirectly by You”). Accordingly, only if you have held yourSeries T(B) units for at least the six, three or two yearsapplicable to the redemption charges that applied to theoriginal units or if the free annual withdrawal amount isthen applicable to the Series T(B) units to be redesignated(see “Purchases, Switches and Redemptions – 10% FreeRedemption Entitlement”) can you redesignate Series T(B)units of a Fund into either Series A units, Series F units orSeries T(A) units of the same Fund at their respective netasset values per unit. For any redesignation into Series Funits of the same Fund you will be required to meet the fee-based program requirements established by your dealer(see “Purchase Options – Series F units”).

Transfer ProceduresThe following procedures apply to the processing oftransfer and redesignation orders.• You or your authorized representatives may place an

order through a registered dealer.

• Units of the Fund are transferred into units of the otherFund (or redesignated into units of another series of thesame Fund) based on the applicable respective net assetvalues of such units. Orders received prior to 4:00 p.m.(Toronto time) (or such other time the Toronto StockExchange closes) on a business day will be priced usingthe net asset value per unit determined on that day.Orders received after 4:00 p.m. (Toronto time) (or suchother time the Toronto Stock Exchange closes) on abusiness day or at any time on a non-business day will bepriced using the net asset value per unit determined onthe next business day.

Excessive Trading (Short-term Trading)Each Fund is intended to be a long-term investment vehicleand is not designed to provide investors with a means of

speculating on short-term market movements orfluctuations. Investors who engage in excessive transfer orredemption activity in and out of a Fund (commonlyreferred to as “market timing”) generate additional costswhich are borne by all of the Fund’s unitholders. As well,such activities can interfere with a Fund’s orderlyinvestment management as the Fund may be required tosell portfolio assets to fund redemptions arising frommarket timing. Such sales may be at unfavourable timesand/or impede the use of long-term investment strategieswhich may harm investment performance.

In order to address these concerns, the Manager hasestablished policies and procedures designed to monitor,detect, and deter excessive trading. The Manager reservesthe right to reject any transfer or purchase request that isreasonably determined to be disruptive to efficientportfolio management, either because of market timingof the investment or previous excessive trading by theunitholder. See the Funds’ Annual Information Form formore information.

How to Redeem the FundsExcept as described below, and subject to a minimumpartial redemption amount of $50, a unitholder or hisauthorized representatives may request that a Fund redeemall or any part of the unitholder’s units at any time bydelivering a written order to do so to the Fund or to aregistered dealer for delivery to the Fund. DCA units, maybe redeemed pursuant to transfers/switches under the DCAProgram. In all other cases, if you redeem (partially or infull) your DCA units prior to the end of your six month ortwelve month DCA Program or within 12 months followingthe end of your DCA Program, you will be deemed to haveterminated your DCA Program early and will be subject to aDCA early redemption charge. The termination of the DCAProgram as a result of a partial redemption will result in thefull redemption of DCA units which will be subject to a DCAearly redemption charge. The original redemption requestmust be signed by all authorized accountholders. The Fundmay require the signature(s) on any redemption order to beguaranteed by a Canadian chartered bank or trust companyor by any member firm of a recognized stock exchange inCanada or by another guarantor acceptable to the Fund.The Fund may also require evidence that the person signinga redemption request has the authority to do so.

There may be redemption fees payable upon a redemptionof units (see “Fees and Expenses Payable Directly by You”),unless the redemption is made pursuant to the 10% freeredemption entitlement noted below.

10% Free Redemption EntitlementUnitholders of Series B units, Series T(B) units or DCASeries B units that would otherwise be subject to applicableredemption fees are entitled to a free annual withdrawalequal to 10% of the sum of: (i) the number of units held bythe unitholder in a particular Fund as of December 31 in the

• 16 •

preceding year; and (ii) the number of units of thatparticular Fund acquired by the unitholder during thecurrent calendar year. The portion eligible for the waiverof the deferred sales charge is reduced by the aggregate ofthe number of all units redeemed during each calendaryear. Any unused portion is not carried forward to the nextcalendar year. For Series T(B) units, the Manager willdeduct the amount of any cash distributions received bythe unitholder from the unitholder’s free redemptionentitlement. Redemption charges continue to apply uponthe occurrence of a change in the fundamental investmentobjective of a Fund or the termination of the Fund. Units ofa target Fund issued pursuant to a DCA Program and anyadditional DCA units issued on account of Bonus Amountspayable by the Manager will be subject to the same deferredsales charge as initially applicable to the DCA units inrespect of which such units are issued (see “OptionalServices and the DCA Program – Hartford Dollar CostAveraging Advantage Program”). The redemption chargewill be deducted from the aggregate net asset value of theunits being redeemed and will be paid to the Manager.

Execution of Redemption OrdersDetailed procedures for processing redemption orders arecontained in the Funds’ Annual Information Form. Pleasesee page 1 for information about how you can obtain theFund’s Annual Information Form.

Redemption orders are priced when the Fund has receivedthe order, subject to settlement. Redemption ordersreceived by a Fund prior to 4:00 p.m. (Toronto time) (orsuch other time the Toronto Stock Exchange closes) on abusiness day are priced using the net asset value per unitdetermined on that day. Redemption orders received by aFund after 4:00 p.m. (Toronto time) (or such other time theToronto Stock Exchange closes) on a business day or at anytime on a non-business day are priced using the net assetvalue per unit determined on the next business day.

Suspending Your Right to Redeem UnitsOn rare occasions, we may temporarily suspend your rightto redeem your Fund units and postpone paying your saleproceeds. We can only do this without regulatory approval ifnormal trading is suspended on any exchange on whichsecurities or derivatives that make up more than half of aFund’s total assets by value are traded and these securities orderivatives aren’t traded on any other exchange that is areasonable alternative for the Fund.

If we receive your order to redeem on a day when we’vesuspended the calculation of net asset value per unit, youcan withdraw your order before the end of the suspensionperiod. Alternatively, you can redeem your units based onthe net asset value per unit calculated on the first day afterthe suspension ends.

Redemption by a FundEach Fund reserves the right to redeem the units of suchFund in a unitholder’s account at their net asset value if atany time the aggregate net asset value of the units (with theexception of units purchased under a systematic investmentprogram) is less than $500. Unitholders will be notified thatthe value of the units in their account for a particular Fundis less than $500 and allowed 30 days to make an additionalinvestment to increase the aggregate net asset value of theunits for that Fund in their account to not less than $500before the redemption is processed.

Each Fund also reserves the right to redeem units in aunitholder’s account at their net asset value if the Fundat any time becomes aware that the original purchase of theunits was made by or on behalf of a person located outsidethe jurisdictions in which the sale of units of the Funds isqualified by this simplified prospectus in violation of thelaws of the jurisdiction in which the registered or beneficialpurchaser was then located.

Hartford Canadian Money Market Fund may redeem DCAunits (with no redemption or sales charges) at their then netasset value if the Fund has not received the appropriate DCAProgram instructions within five (5) days of the initialissuance of such units (see “Optional Services and theDCA Program – Hartford Dollar Cost Averaging AdvantageProgram”).

• 17 •

OPTIONAL SERVICES AND THE DCA PROGRAM

The following plans are available to make it easier to buyand redeem units of the Funds. Any investor who purchasesDCA units of Hartford Canadian Money Market Fund mustparticipate in the Dollar Cost Averaging Advantage Programdescribed below. To participate in a plan or program,contact your investment professional.

Registered Tax PlansRegistered plans receive special treatment under the IncomeTax Act (Canada) (the “Tax Act”). A key benefit is that yougenerally don’t pay tax on the money you earn in theseplans until you withdraw it (withdrawals from tax-freesavings accounts are not taxable). In addition, contributionsto a registered retirement savings plan are deductible fromyour taxable earnings up to your allowable limit.

The following Hartford Investments registered tax plans areavailable:

• Registered Retirement Savings Plans (RRSPs)

• Registered Retirement Income Funds (RRIFs)

• Tax-Free Savings Accounts (TFSAs)

Investors may establish a Hartford Investments RRSP, RRIFor TFSA (with a trust company appointed as trustee fromtime to time by the Manager) for the purpose of purchasingunits of the Funds. Alternatively, units of the Funds may bepurchased by the investor’s own self-administeredregistered plan. Units of the Funds are qualifiedinvestments under the Tax Act for RRSPs, RRIFs, TFSAsand all other registered plans, as further described belowunder “Income Tax Considerations for Investors”.

Investors are encouraged to consult their tax advisors forfull details of the tax implications of establishing,contributing to, amending and terminating registeredplans.

Systematic Investment ProgramPurchasers may make systematic purchases of units of aFund (other than DCA units of Hartford Canadian MoneyMarket Fund) through pre-authorized payments made fromhis or her bank account on a monthly, bi-monthly, quarterly,semi-annual or annual basis at the net asset value per uniton the specified date of each such pre-authorized payment.The amount and frequency of each regular investment maybe selected by the purchaser, subject to a minimum of $50per purchase. There are no service charges associated withestablishing a systematic investment program. The programmay be terminated at any time upon notice to the Fund. Allother fees and procedures in respect of purchases of unitsare applicable to investments under this program.

Only a systematic investment program established prior toMay 9, 2008 may continue to allow unitholders to makesystematic purchases of Series D units and DCA Series Dunits of each applicable Fund.

Systematic Withdrawal ProgramUnitholders may choose to establish a systematic withdrawalprogram to provide monthly, bi-monthly, quarterly, semi-annual or annual cash payments through the automaticredemption of units (other than DCA units of HartfordCanadian Money Market Fund) subject to a minimum $50per withdrawal. There are no charges under the systematicwithdrawal program other than applicable redemptioncharges on Series B units and Series T(B) units (see “Feesand Expenses Payable Directly by You – Deferred SalesCharge”) and DCA early redemption charges, if applicable(see “Fees and Expenses Payable Directly by You – DCAEarly Redemption Charge”). Unitholders may terminatethe program at any time upon notice to the Fund. Unitswill be redeemed at their net asset value per unit on thespecified date of each withdrawal under this program. Ifwithdrawals are in excess of net income and net capitalappreciation of the Fund attributable to such unitholder’sunits, such withdrawals will reduce or possibly exhaust suchunitholder’s original capital.

Systematic Transfer PlanUnitholders may transfer a minimum of $50 worth of unitsto another Fund (other than from or to DCA units ofHartford Canadian Money Market Fund) on a monthly,bi-monthly, quarterly, semi-annual or annual basis.Unitholders may make changes to the target Fund, thefrequency of the transfer and the amount to be transferredon three business days’ written notice to the Manager.Under the systematic transfer plan, the $25 fee for transfersin excess of four (4) per calendar year will not be charged.All other fees, restrictions and procedures are applicable tosuch transfers.

Only a systematic transfer plan established prior to May 9,2008 may continue to allow unitholders to transfer aminimum of $50 worth of units to Series D units of eachapplicable Fund (other than DCA Series D units of HartfordCanadian Money Market Fund).

Hartford Dollar Cost Averaging AdvantageProgramIntroductionWhat is dollar cost averaging?

Dollar cost averaging is a widely recognized investmentmethod of investing predetermined amounts of moneyon a regular basis over a period of time. By investing a fixedamount at regular set intervals over a period of time, theaverage cost paid per unit may potentially be reducedalthough the average cost paid per unit may also potentiallybe increased. This method of attempting to average downone’s cost may be achieved by potentially purchasing moreunits at a lower price than the original investment.

• 18 •

What is the investment rationale of dollar cost averaging?

Under dollar cost averaging, a fixed dollar amount isinvested in units of a mutual fund at regular intervals(e.g. monthly) regardless of market conditions. If the priceper unit rises, fewer units are purchased per period.Conversely, if the price per unit declines more units willbe purchased per period. This method of investing isdesigned to benefit the investor over the long-term,although there is no guarantee that it will. Its value liesin the fact that it eliminates the investor’s timing dilemma ofdeciding when to buy units.

How does Hartford DCA Advantage Program work?

Hartford Dollar Cost Averaging Advantage Program (whichwe refer to as the “DCA Program” or the “DCA AdvantageProgram”) involves a systematic dollar cost averaging planwhich offers an option of six or twelve month durations. Aspart of the DCA Program, the Manager has agreed to paycertain bonus yield amounts to DCA unitholders (see“Bonus Amount Payments” below). On a monthly basis,over the respective program period, substantially equalamounts (based on original investment amount in DCAunits) will be transferred by redeeming DCA units ofHartford Canadian Money Market Fund (plus any earningson such units and bonus amounts owing by the Manager)and, subject to the series closures noted on the cover page,purchasing units of one or more Funds (excluding HartfordCanadian Money Market Fund) (the “Target Fund(s)”).The essence of the DCA Advantage Program is theutilization of DCA units for periodic funding of dollar costaveraging. The DCA Advantage Program is only available topurchasers of DCA units of Hartford Canadian MoneyMarket Fund and each program is associated with aparticular purchase of DCA units (i.e., once a DCAAdvantage Program commences for an investor, additionalinvestments in DCA units will not form part of the originalprogram – a new DCA Advantage Program is required foreach investment in DCA units).

What are versions of DCA units and their specifiedAdvantage Yield Rate?

Subject to the series closures noted on the cover page, DCAunits of Hartford Canadian Money Market Fund areavailable in four series – DCA Series A units, DCA Series Bunits, DCA Series D units and DCA Series F units. DCA unitsof each series are issued by versions of units, of which eachversion has attached a specified Advantage Yield Rate and aduration period (six month or twelve month). These ratesreflect a stated yield above that expected to be generated bythe units of Hartford Canadian Money Market Fund and theManager has agreed to pay investors the difference betweenthe yield generated by the DCA units and the specifiedAdvantage Yield Rate. The Advantage Yield Rate may bechanged at the sole discretion of the Manager, by ceasing tooffer any additional units of the particular version of DCAunits and by offering a new version of DCA units with a

different specified Advantage Yield Rate by way of anamendment to this prospectus.

DCA Program – Systematic Transfers – Series of Units

Depending on the series of unit selected, and subject to theseries closures noted on the cover page, systematic transfersunder the DCA Program will take place from DCA Series Aunits of Hartford Canadian Money Market Fund to Series Aunits of the Target Fund(s) selected by an investor, or fromDCA Series B units of Hartford Canadian Money MarketFund to Series B units of the Target Fund(s) selected by aninvestor, or from DCA Series D units of Hartford CanadianMoney Market Fund to Series D units of the Target Fund(s)selected by an investor, or from DCA Series F units ofHartford Canadian Money Market Fund to Series F unitsof the Target Fund(s) selected by an investor. All suchtransfers must be to the corresponding series of units ofthe Target Fund(s). Series B units of a Fund issued on suchtransfer will continue to be subject to the redemptioncharges that applied to the original DCA Series B units.

GeneralThe DCA Program is only applicable to investors whopurchase DCA units. An investor who purchases DCA unitsmust participate in the DCA Program by providinginstructions (through the investor’s investmentprofessional) to the Manager to periodically switch ortransfer on a monthly basis (for six or twelve monthsdepending on the version) the DCA units of HartfordCanadian Money Market Fund so purchased intocorresponding Series A, Series B, Series D or Series F unitsof one or more Target Fund(s) specified by the investor.DCA Program instructions may be provided pursuant toDCA Program forms or in such other manner as may beacceptable to the Manager. The DCA Program is intendedto be a form of systematic transfer plan with the provisionthat unitholders can terminate the program at any time byredeeming their DCA units (subject to redemptioncharges). As well, a unitholder is permitted (through aninvestment professional) to alter the instructions as to theallocations with respect to the Target Fund(s) to which thesubject DCA units are to be transferred/switched (providedthat there can be no transfers/switches to units of HartfordCanadian Money Market Fund).

DCA Program ConditionsThe DCA Program operates on either a six-month or twelve-month basis depending on the corresponding version ofDCA units purchased by the investor. Certain redemptioncharges apply for a period of twelve (12) months followingthe termination of the purchaser’s applicable DCA Program(see “Fees and Expenses Payable Directly by You”). Anypurchaser of DCA units must provide instructions to theManager within five (5) business days of the initial issuanceof the applicable DCA units, failing which such units may beredeemed (with no redemption or sales charges) at theirthen net asset value. A separate DCA Program will apply to

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each investment in DCA units such that subsequentinvestments will require the application of a new DCAProgram.

DCA Program TransfersThe DCA Program is based on instructions provided by apurchaser of DCA units authorizing the Fund to effect pro-rated (based on the original investment amount) systematicmonthly transfers/switches of the applicable DCA units(including any DCA units issued on an automaticreinvestment of distributions/payments in respect of suchDCA units) to the corresponding series of units of theTarget Fund(s) specified by the investor over the applicableDCA Program period (i.e., six or twelve months). Themonthly transfers/switches shall be completed, at the thenapplicable net asset values per unit, on the last day of eachmonth commencing in the month in which the applicableDCA Program instructions are received (except where DCAProgram instructions are received after the third lastbusiness day of a month in which case the transfers/switcheswill commence in the following month). Where the last dayof a particular month is not a business day, the applicabletransfers/switches will occur on the next business day aftermonth end. An investor may change the DCA Program atany time to change the identity or identities of the TargetFund(s) into which the DCA units are to be transferred/switched and/or the allocation of such transfers/switches.On each such transfer/switch date under the investor’sDCA Program, all amounts payable by the Fund on accountof distributions in respect of the DCA units then held plusall amounts payable by the Manager under its DCA bonusyield obligations (see “Bonus Amount Payments” below)shall also be allocated to the purchase of units of the TargetFund(s) in the same proportions applicable to thescheduled transfer/switch of the applicable DCA units.

An investor’s DCA Program may be accelerated (and, as aresult, terminated) at any time by transferring all of theapplicable DCA units to units of the corresponding series ofone or more of the other Funds, provided that no partialaccelerated transfers/switches under a DCA Program maybe made.

An investor may also terminate a DCA Program at any time,in which case the remaining applicable DCA units will beredeemed and a DCA early redemption charge will beapplied and for DCA Series B units, a deferred sales chargewill also be applicable (see “Fees and Expenses PayableDirectly by You”).

Bonus Amount PaymentsEach version of a DCA unit has an associated annualized“Advantage Yield Rate” (as specified in “Part B: SpecificInformation About Each of the Mutual Funds Described inthis Document – Hartford Canadian Money Market Fund –Description of Securities Offered – DCA Units” for SixMonth Version 5 and Twelve Month Version 2 of eachDCA series and as shall be included in a prospectus

amendment for each future version of DCA units). Theserates reflect a yield rate that may vary from that expected tobe generated by the applicable version of DCA units ofHartford Canadian Money Market Fund. The Manager shalleffect a daily calculation of the actual yield generated by theapplicable DCA units (the “Underlying Yield Rate”) as wellas a daily calculation of the yield that would have beengenerated on such DCA units at the applicable AdvantageYield Rate (where the calculation of such latter yield willrepresent the daily yield, which if annualized, reflects thestated Advantage Yield Rate for a particular version of DCAunits). The Manager will calculate the difference betweenthe applicable Advantage Yield Rate and Underlying YieldRate daily (the “Rate Difference”) for each version of DCAunits and, for each unithholder, will calculate daily anamount equal to: the product of the number of DCA unitsof the applicable series and version held (if any) by aunitholder, multiplied by the applicable Rate Difference(the “Bonus Amount”). The Manager will maintain theBonus Amount in respect of each DCA unitholder dailyand will pay such amounts monthly, in arrears, by way ofcausing the issuance of units of the appropriate TargetFund(s) under the applicable DCA Program.

The Bonus Amounts are for the benefit of individual DCAunitholders and are not payable to or for the benefit of theTarget Fund. Such Bonus Amounts will be maintained andrecorded outside of the Target Fund and therefore are notincluded as assets of the Target Fund and do not affect theTarget Fund’s NAVs. No Bonus Amounts will be paid inrespect of DCA units redeemed by a Fund for failure by aninvestor to provide DCA Program instructions, save andexcept that at any month end, any accruals on account ofBonus Amounts in respect of DCA units that have not beenso redeemed and that are not subject to a month endtransfer/switch under a DCA Program, will be applied tothe purchase/issuance of additional DCA units of the sameversion for the account of the investor. Any Bonus Amountsaccrued for the benefit of a DCA unitholder but not yetapplied to the purchase/issuance of units of the TargetFund(s) under the DCA Program shall be payable by theManager at the time the unitholder’s DCA Program isterminated. Units of a Target Fund issued pursuant to aDCA Program and any additional DCA Series B units issuedon account of Bonus Amounts will be subject to the samedeferred sales charge as initially applicable to the DCASeries B units in respect of which such units are issued(see “Fees and Expenses Payable Directly by You”).

Under the Declaration of Trust of Hartford CanadianMoney Market Fund, the Manager has agreed to pay, andthe Trustee has the right and obligation (on behalf ofunitholders) to enforce payment of all such Bonus Amountsdirectly to the applicable unitholder. All such amounts willbe applied, on behalf of an applicable unitholder, under theunitholder’s DCA Program.

Continuous or periodic investment plans such as the DCAProgram neither assure a profit nor protect against loss in

• 20 •

declining markets. Because dollar cost averaging involvescontinuous investing regardless of fluctuating price levelsyou should carefully consider your financial ability tocontinue investing through periods of fluctuating prices.You should note that your investment in a DCA unit is notguaranteed, as the Advantage Yield Rate does not affect, orin any way guarantee, the value of a DCA unit. Receipt byunitholders of the Advantage Yield Rate applicable to oneor more versions of a series of DCA units is contingent at alltimes on the Manager’s ability to make such advantage yieldpayments. There can be no guarantee that the Manager willat all times be able to make such payments. The AdvantageYield Rate refers to the net income generated in respect of aDCA unit and not the value of such a unit. As a result, themaximum payable daily by the Manager under its AdvantageYield Rate obligations in respect of a particular DCA unit isthe applicable daily rate multiplied by the prior day’s NAVofsuch unit. Under the DCA Program, the Advantage YieldRate is earned only on the DCA units outstanding from timeto time and therefore is not earned on the entire originalamount invested under the DCA Program due to regulartransfers to the Target Fund(s) that will affect the dailyaccrual, lowering the program yield.

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FEES AND EXPENSES

The following table shows the fees and expenses you may have to pay if you invest in the Funds. You may have to pay some ofthese fees and expenses directly. The Funds may have to pay some of these fees and expenses, which will reduce the value ofyour investment in the Fund.

Fees and Expenses Payable by the Funds

Management FeesEach of the Series A units, Series B units, Series D units, Series F units, Series T(A) units and Series T(B) units have adifferent management fee and the management fees differ depending on the type of Fund. The DCA units of HartfordCanadian Money Market Fund have the same management fee except for DCA Series F units which have a differentmanagement fee. Management fees for Series I units are negotiated and paid directly by the investor, not by the Fund (whichfees will not exceed the management fees applicable to the Series D units). The following table shows the management fee asa percentage of average daily net asset value (per annum):(1)

Series AUnits

Series BUnits

Series DUnits

Series FUnits

SeriesT(A)Units

SeriesT(B)Units

DCA Unitsother thanDCA Series

F Units

DCASeries F

Units

FUND MANAGEMENT FEE FOR:

Hartford Conservative Portfolio 1.75% 1.95% N/A 0.95% 1.75% 1.95% N/A N/A

Hartford Balanced Portfolio 2.00% 2.20% N/A 1.00% 2.00% 2.20% N/A N/A

Hartford Balanced Growth Portfolio 2.00% 2.20% N/A 1.00% 2.00% 2.20% N/A N/A

Hartford Growth Portfolio 2.00% 2.20% N/A 1.00% 2.00% 2.20% N/A N/A

Hartford U.S. Stock Fund 2.00% 2.20% 1.65% 1.00% N/A N/A N/A N/A

Hartford Canadian Dividend Growth Fund 2.00% 2.20% 1.65% 1.00% N/A N/A N/A N/A

Hartford Global High Income Fund 1.50% 1.65% N/A 0.95% N/A N/A N/A N/A

Hartford Canadian Bond Fund 0.95% 1.45% 0.95% 0.75% N/A N/A N/A N/A

Hartford Canadian Money Market Fund 0.75% 0.90% 0.75% N/A N/A N/A 0.75% 0.65%

Hartford International Equity Fund 2.00% 2.20% N/A 1.00% 2.00% 2.20% N/A N/A

All other Funds 2.00% 2.20% 1.65% 1.00% 2.00% 2.20% N/A N/A

Operating ExpensesOperating expenses of the Funds include and are not limited to:• legal, audit, custodial, transfer agency, registration, regulatory filing and bank fees and expenses and costs relating to the

IRC;(2)

• the costs of unitholder reports, proxies and prospectuses;

• administrative expenses, including salaries, rent and insurance costs;

• brokerage commissions and fees on portfolio transactions, income taxes (including withholding taxes), goods andservices and sales taxes and capital taxes;

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• the costs of furnishing research data, clerical help, record keeping, unit pricing and the internal accounting servicesrequired by the Fund in the ordinary course of its operations; and

• the costs of processing, co-ordinating and supervising all other services required by the Fund.(3)

Other than in respect of brokerage commissions and fees on portfolio transactions, and income and capital taxes, alloperating expenses otherwise attributable to Series I units will be the responsibility of Hartford Investments.Notes:

(1) Each Fund pays as an expense an aggregate annual management fee to Hartford Investments that is allocated among theseries in accordance with their respective specified rates and net asset values. The fee is calculated and accrued daily and paidmonthly. From this fee, the Manager is responsible for all investment management fees (including those of the portfolio sub-advisers) as well as all fees and costs associated with dealer compensation programs pertaining to the offering and sale of unitsof the Funds and any advertising, marketing, sponsorship and promotional costs and expenses. The higher management feescharged in respect of the Series B units and Series T(B) units compensate the Manager for funding the up front salescommissions payable to registered dealers on the sale of Series B units and Series T(B) units. The management fees chargedin respect of Series A units are higher than the management fees charged in respect of Series D units and Series F units tocompensate the Manager for the higher service fees or trailer commissions payable to dealers in respect of Series A units (see“Dealer Compensation – Service Fees”). In some cases, we may waive our right to receive a portion of the management fees.We may reduce the management fee to selected unitholders (generally institutional investors or investors which meetpredetermined asset levels within a series of a Fund) who are expected to make, over the long term, significant investments inunits of the Funds. In effect, these investors receive a rebate for the management fees that apply to their units. We do this byreducing or rebating the management fee charged to the Fund and having the Fund pay out the amount of the reduction orrebate to these investors as a distribution. These are called “management fee distributions”. Management fee distributions(where applicable) will be calculated and credited daily and distributed semi-annually or on such other basis as the Managermay determine. Reduced management fees are determined by us in our sole discretion and may be changed at any time.

(2) The expenses of the Funds’ IRC include the compensation payable to the members of the committee and, if applicable, theexpenses incurred by the IRC in the course of its affairs, including insurance and the cost of outside advisors. The members ofthe committee are paid an annual retainer of $15,000 ($25,000 for the chair) and $1,500 for each meeting of the IRC that themember attends in excess of five meetings per year. The IRC acts in respect of all the Funds and the amount of their expensesare allocated to each Fund by the Manager on a proportionate basis.

(3) In addition to the management fees payable to the Manager, the operating expenses incurred by or on behalf of a Fund withrespect to all matters, other than as described in (1) above, are the direct responsibility of that Fund and will be paid, asapplicable, to the Manager or other parties. Expenses that are only attributable to a particular series of units of a Fund willonly be charged against such series. The Funds expect that all expenses of each Fund will be common to all series of units ofeach Fund, other than the management fees (inclusive of taxes thereon) and other expenses which the Manager determinesare attributable only to one or more series, including, but not limited to, the expenses of holding meetings of the holders ofonly one series of units of a Fund and, in respect of Hartford Canadian Money Market Fund, incremental costs ofadministering the DCA Program. Each Fund is required to pay sales tax including federal goods and services tax(“GST”) on the fees that it pays to the Manager as well as on most other fees and expenses which it incurs, at the currentrate of 5% of the amount of the fees and expenses. Effective July 1, 2010, each Fund will instead be required to pay federalharmonized sales tax (“HST”) on its fees and expenses. Other than in respect of brokerage commissions and fees on portfoliotransactions, and income and capital taxes, all operating expenses otherwise attributable to Series I units will be theresponsibility of the Manager.

Fees in Respect of Investments in OtherMutual FundsEach of the Funds is permitted to invest some or all of itsassets in securities of other mutual funds, including othermutual funds managed by the Manager or an affiliate orassociate of the Manager, provided such investment isconsistent with the Fund’s investment objective and ispermitted by Canadian securities laws. See “Risks ofInvestments in Other Mutual Funds”. Where a Fund investsin securities of another mutual fund, there are fees andexpenses payable by the other mutual fund in addition tothe fees and expenses payable by the Fund. The following

rules apply in respect of any investment by a Fund inanother mutual fund:

(a) no management fees or incentive fees are payable by theFund that, to a reasonable person, would duplicate a feepayable by the other mutual fund for the same service;

(b) no sales fees or redemption fees are payable by theFund in relation to its purchase or redemptions of thesecurities of the other mutual fund if the other mutualfund is managed by the Manager or an affiliate orassociate of the Manager; and

(c) no sales fees or redemption fees are payable by the Fundin relation to its purchase or redemptions of securities ofthe other mutual fund that, to a reasonable person, wouldduplicate a fee payable by an investor in the Fund.

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Maximum Aggregate Annual Management Fees and ExpensesThe maximum aggregate annual management fees and expenses attributable to Series B units, Series D units and DCA unitsof certain Funds (exclusive of brokerage commissions and fees on portfolio transactions, income taxes (includingwithholding taxes) and capital taxes) shall not exceed the percentages of the average daily net asset value of the particularseries specified below. These fees and expenses cannot be increased without the prior approval of unitholders of theparticular series. There are no maximums maintained on expenses with respect to any other series of units of any otherFund. The Manager is responsible for the expenses of Series I units of all the Funds (other than in respect of brokeragecommissions and fees on portfolio transactions and income and capital taxes). In some cases, the Manager may waive itsrights to receive a management fee and/or may voluntarily absorb a portion of the expenses attributable to a series of unitsof a Fund.

Name of Fund and Series

Maximum Aggregate Annual ManagementFees and Expenses* that may be charged

without unitholder approval (expressed as apercentage of the average daily net asset value

of the particular series of units of a Fund)

Hartford Canadian Bond Fund:Series A Not ApplicableSeries B 1.75%Series D 1.25%Series F Not ApplicableSeries I Not Applicable

Hartford Canadian Money Market Fund:Series A Not ApplicableSeries B 1.15%Series D and all DCA Series 1.00%

Hartford U.S. Dividend Growth Fund,Hartford Canadian Value Fund,Hartford Canadian Dividend Fund,Hartford Global Balanced Fund andHartford International Equity Fund:Series A Not ApplicableSeries B Not ApplicableSeries D Not ApplicableSeries F Not ApplicableSeries I Not ApplicableSeries T(A) Not ApplicableSeries T(B) Not Applicable

Hartford Canadian Dividend Growth Fund:Series A Not ApplicableSeries B Not ApplicableSeries D Not ApplicableSeries F Not ApplicableSeries I Not Applicable

Hartford Global High Income Fund:Series A Not ApplicableSeries B Not ApplicableSeries F Not ApplicableSeries I Not Applicable

Hartford U.S. Stock Fund:Series A Not ApplicableSeries B 2.60%Series D 2.00%Series F Not ApplicableSeries I Not Applicable

• 24 •

Name of Fund and Series

Maximum Aggregate Annual ManagementFees and Expenses* that may be charged

without unitholder approval (expressed as apercentage of the average daily net asset value

of the particular series of units of a Fund)

Hartford Capital Appreciation Fund,Hartford Global Leaders Fund,Hartford Canadian Stock Fund,Hartford Canadian Balanced Fund:Series A Not ApplicableSeries B 2.60%Series D 2.00%Series F Not ApplicableSeries I Not ApplicableSeries T(A) Not ApplicableSeries T(B) Not Applicable

Hartford Portfolios:Series A Not ApplicableSeries B Not ApplicableSeries F Not ApplicableSeries T(A) Not ApplicableSeries T(B) Not Applicable

Notes:

* Plus brokerage commissions and fees on portfolio transactions, income taxes (including withholding taxes) and capital taxes.

• 25 •

Changes in Expenses of the FundsExcept as described below, unitholder approval is required before the basis of the calculation of the fees or other expensesthat are charged to a Fund (or the Manager on behalf of the Fund) or directly to its unitholders is changed in a way thatcould result in an increase in charges to a Fund (or the Manager on behalf of the Fund) or its unitholders. Such approval isrequired to be obtained at a meeting of unitholders convened for such purpose.

Unitholder approval is not required before the basis of the calculation of the fees or expenses that are charged to a Fund (orthe Manager on behalf of the Fund) or its unitholders is changed in a way that could result in an increase in charges to aFund (or the Manager on behalf of the Fund) or its unitholders if the Fund is at arm’s length to the person or companycharging the fees or expenses, provided unitholders are given notice of at least sixty days prior to the effective date of anysuch change in the basis of the calculation of any fees or expenses which could result in an increase in charges to a Fund (orthe Manager on behalf of the Fund) or its unitholders.

Fees and Expenses Payable Directly by You

Sales Charges

Series A and DCA Series A The sales charge can be from 0% to 2% on Series A units of Hartford Canadian Money MarketFund (0% to 5% on DCA Series A units of Hartford Canadian Money Market Fund) and 0% to 5%on all other Funds.(1) There may be redemption charges for DCA units (see “Redemption Fees”).

Series B and DCA Series B There are no sales charges if you choose to buy Series B units (including DCA Series B units ofHartford Canadian Money Market Fund). There may be redemption charges (see “Redemption Fees”).

Series D and DCA Series D The sales charge can be from 0% to 2% on Series D units of Hartford Canadian Money MarketFund (0% to 5% on DCA Series D units of Hartford Canadian Money Market Fund) and 0% to 5%on all other Funds.(1) There may be redemption charges for DCA units (see “Redemption Fees”).

Series F and DCA Series F There are no sales charges if you choose to buy Series F units and DCA Series F units. If youchoose to buy Series F units and DCA Series F units through a dealer fee-based program, you willpay to your dealer periodic asset-based fees rather than commissions on each transaction.

Series I There are no sales charges if you choose to buy Series I units.

Series T(A) The sales charge can be from 0% to 5% on Series T(A) units.(1)

Series T(B) There are no sales charges if you choose to buy Series T(B) units. There may be redemptioncharges (see “Redemption Fees”).

Transfer Fees A negotiable amount not exceeding 2% of the net asset value of the units being transferred from oneFund into units of another Fund is payable by you to your dealer, save and except for permittedtransfers of DCA units of Hartford Canadian Money Market Fund and save and except for permittedtransfers of Series F units into Series A units, Series B units, Series D units, Series T(A) units or SeriesT(B) units of another Fund, which transfers are treated on the same basis as an initial purchase ofunits of the series being transferred to such that sales charges or redemption fees will be applicable.In the case of permitted transfers of other units of Hartford Canadian Money Market Fund to SeriesA or Series D units of other Funds, a sales charge negotiated between you and your investmentprofessional not exceeding 5% of the net asset value of the units being transferred is payable by youto your dealer in lieu of a transfer fee. (For transfers of units of Hartford Canadian Money MarketFund which were issued on the transfer of units of other Funds, the 2% maximum transfer fee willapply.) Each transfer (other than transfers of DCA units of Hartford Canadian Money Market Fund)in excess of four (4) per calendar year may incur an additional $25.00 charge at the discretion of theFund, except if transferred under a systematic transfer plan.

Redemption Fees

Deferred Sales Charge(2) You’ll pay a deferred sales charge if you choose to buy Series B units, Series T(B) units or DCASeries B units (“DSC units”) and you redeem your DSC units (including units of other Funds issuedas a result of the transfer of such units) within six years of buying the original DSC units under theDSC Option, within two years of buying the original DSC units under the Low Load L1 Option orwithin three years of buying the original DSC units under the Low Load L3 Option. The charge isbased on the original cost of your units and how long you held them. We deduct the charge fromthe value of units you redeem. The charge is paid to us. The table below shows the deferred salescharge schedule applicable to DSC units.

• 26 •

Fees and Expenses Payable Directly by You (continued)

If redeemed during thefollowing period after issue DSC Option

Low Load L1Option

Low Load L3Option

Redemption charge as % of cost of purchaseof Series B Units, Series T(B) Units or DCA

Series B Units under:

During the 1st year 6.0% 2.0% 4.0%During the 2nd year 5.0% 1.5% 3.0%During the 3rd year 4.0% Nil 2.0%During the 4th year 3.0% Nil NilDuring the 5th year 2.0% Nil NilDuring the 6th year 1.0% Nil NilThereafter Nil Nil Nil

DCA EarlyRedemption Charge

If you purchase any series of DCA units of Hartford Canadian Money Market Fundand redeem your units (including units of the Target Funds issued as a result of thetransfer of DCA units) within twelve (12) months of the termination of the applicableDCA Program, you will pay a DCA early redemption charge of 1.5% (see “OptionalServices and the DCA Program – Hartford Dollar Cost Averaging Advantage Program”)of the aggregate of the original cost of your DCA units plus any distributions receivedfrom Hartford Canadian Money Market Fund on such units and any Bonus Amountsthat were credited to you by the Manager in respect of such DCA units (see “Part B:Specific Information About Each of the Mutual Funds Described in this Document –Hartford Canadian Money Market Fund – Description of Securities Offered – DCAUnits”). For purposes of this charge, we do not treat successive transfers to otherFunds (excluding Hartford Canadian Money Market Fund) as redemptions. We deductthis charge from the value of units you redeem. The charge is paid to us.

Hartford Registered TaxPlan Fees

No annual administration fee.

Systematic InvestmentProgram

No annual administration fee.

NSF Chequing Fee Charges levied by a bank or other financial institution for cheques returned to a Fundas NSF.

Systematic WithdrawalProgram

No annual administration fee. Redemption fees may apply.

Systematic Transfer Plan Under the systematic transfer plan and the DCA Program, the $25 fee for transfers inexcess of four (4) per calendar year will not be charged. All other fees and proceduresare applicable to such transfers.

Courier/Wire Charges If you request courier delivery or wire order of your redemption proceeds, we maycharge for such services.

Notes:

(1) You may have to pay a sales charge if you choose to buy Series A or Series T(A) units. You and your investment professionalnegotiate the amount you pay. We deduct the sales charge from the amount you invest and pay it to your dealer as acommission.

(2) Notwithstanding the foregoing, unitholders are entitled to a 10% free annual withdrawal (see “Purchases, Switches andRedemptions – 10% Free Redemption Entitlement”).

• 27 •

Impact of Sales ChargesThe table below shows the fees you would have to pay if you bought units of one of the Funds under our different purchaseoptions. It assumes that:

• You invested $1,000 in units of the Fund and redeemed all of your units immediately before the end of one, three, five orten years.

• The sales charge under the Series A and Series T(A) option is 5%.

• The deferred sales charge under the Series B and Series T(B) option applies only if you redeem your Series B units orSeries T(B) units within six years of buying them under the DSC Option, within two years of buying them under the LowLoad L1 Option or within three years of buying them under the Low Load L3 Option. See “Fees and Expenses” for thedeferred sales charge schedule.

When You BuyYour Unit 1 Year 3 Years 5 Years 10 Years

Initial sales charge option(2)

(Series A and Series T(A))$50 –(1) – – –

DSC Option(2)

(Series B and Series T(B))– $60(1) $40 $20 –

Low Load L1 Option(2)

(Series B and Series T(B))– $20(1) – – –

Low Load L3 Option(2)

(Series B and Series T(B))– $40(1) $20 – –

Notes:

(1) DCA units of Hartford Canadian Money Market Fund (including units of other Funds issued as a result of the transfer of suchunits) redeemed within twelve (12) months of the termination of the applicable DCA Program will also be subject to a DCAearly redemption charge of $15 per $1,000 of initial investment plus 1.5% of any distributions received from HartfordCanadian Money Market Fund on such units and any Bonus Amounts credited by the Manager to the unitholder in respect ofsuch DCA units (see “Part B: Specific Information About Each of the Mutual Funds Described in this Document – HartfordCanadian Money Market Fund – Description of Securities Offered – DCA Units” and “Optional Services and the DCAProgram – Hartford Dollar Cost Averaging Advantage Program”). For purposes of this charge, we do not treat successivetransfers to other Funds (excluding Hartford Canadian Money Market Fund) as redemptions.

(2) No sales charges or redemption fees apply to Series F units or Series I units. References to Series A and Series B units,respectively, include references to DCA Series A and DCA Series B units, respectively. Series D units and DCA Series D unitsare not referred to in this section as they are subject to the series closures noted on the cover page.

• 28 •

DEALER COMPENSATION

How Your Investment Professional and Dealerare PaidYour investment professional usually is the person fromwhom you buy your Funds. Your investment professionalcould be a broker, financial planner or other person who’sregistered to sell mutual funds. Your dealer is the firm yourinvestment professional works for.

CommissionsYour investment professional usually receives a commissionwhen you invest in units of the Funds. The commissiondepends on how you invest in the Funds.

Initial Sales Charge OptionYou and your investment professional decide on thepercentage you’ll be charged when you buy Series A (orDCA Series A units of Hartford Canadian Money MarketFund) or Series T(A) units under the initial sales chargeoption. The percentage ranges from 0% to 5% (0% to 2%for Series A units of Hartford Canadian Money MarketFund). The sales charge is deducted from the amountyou invest and is paid to your dealer as a commission.See “Fees and Expenses” for details.

Deferred Sales Charge OptionWhen you choose the DSC Option to buy Series B units (orDCA Series B units of Hartford Canadian Money Market

Fund) or Series T(B) units, we pay your dealer a commissionof 5% of the amount you invest. You won’t pay a chargeunless you redeem your units within six years of buyingthem. See “Fees and Expenses” for details.

When you choose the Low Load L1 Option to buy Series Bunits (or DCA Series B units of Hartford Canadian MoneyMarket Fund) or Series T(B) units, we pay your dealer acommission of 1% of the amount you invest. You won’t pay acharge unless you redeem your units within two years ofbuying them. See “Fees and Expenses” for details.

When you choose the Low Load L3 Option to buy Series Bunits (or DCA Series B units of Hartford Canadian MoneyMarket Fund) or Series T(B) units, we pay your dealer acommission of 3% of the amount you invest. You won’t pay acharge unless you redeem your units within three years ofbuying them. See “Fees and Expenses” for details.

Transfer ChargeWhen you transfer from one Fund to another Fund (otherthan pursuant to the DCA Program), you may have to payyour dealer a transfer charge. You negotiate the charge withyour investment professional. The charge is paid byredeeming units of the Fund out of which you’retransferring. See “Fees and Expenses” for details.

Service FeesWe may pay service fees or trailing commissions to qualified dealers. Generally, the trailing commission is calculated basedon the average daily net asset value of units of a Fund held by your dealer’s customers and is paid to your dealer at leastquarterly in arrears. The trailing commission is determined by us in our sole discretion and may be changed at any time. It isexpected that dealers will pay a portion of the trailing commissions to sales representatives for providing ongoing services tocustomers. The following table shows the maximum service fee rates:

Maximum Annual Service Fee Rate(1)

Series AUnits(2)

Series BUnits(3)

Series DUnits(4)

Series T(A)Units

Series T(B)Units

Hartford Canadian Bond Fund(5) 0.25% 0.25% 0.25% 0.25% 0.25%

Hartford Canadian Money Market Fund(6) 0.10% 0.10% 0.10% 0.10% 0.10%

Hartford Global High Income Fund(7)

0.50%0.25% –0.50%(8) N/A N/A N/A

Hartford International Equity Fund(9)

1.00%0.50% –

1.00%(10) N/A 1.00%0.50% –

1.00%(10)

Hartford Portfolios(9)

1.00%0.50% –

1.00%(10) N/A 1.00%0.50% –

1.00%(10)

All other Funds(9)

1.00%0.50% –

1.00%(10) 0.50% 1.00%0.50% –

1.00%(10)

Notes:

(1) Service fees are not paid to dealers on Series F units, DCA Series F units or Series I units.

• 29 •

(2) Includes DCA Series A units.

(3) Includes DCA Series B units.

(4) Includes DCA Series D units.

(5) A permitted transfer of Series A units, Series B units or Series D units of Hartford Canadian Bond Fund to Series A units,Series B units or Series D units (or Series T(A) units or Series T(B) units if applicable) of all other Funds with the exception ofHartford Canadian Money Market Fund may result in a higher service fee rate.

(6) A permitted transfer of Series A units, Series B units or Series D units of Hartford Canadian Money Market Fund to Series Aunits, Series B units or Series D units (or Series T(A) units or Series T(B) units if applicable) of all other Funds may result in ahigher service fee rate.

(7) A permitted transfer of Series B units of Hartford Global High Income Fund to Series A units or Series B units (or Series T(A)units or Series T(B) units if applicable) of all other Funds with the exception of Hartford Canadian Bond Fund or HartfordCanadian Money Market Fund may result in a higher service fee rate.

(8) The service fee rate in respect of a Series B unit of Hartford Global High Income Fund is a maximum of 0.25% during the first6 years following an investor’s purchase of such unit under the DSC Option and a maximum of 0.25% during the first 3 yearsfollowing an investor’s purchase of such unit under the Low Load L3 Option. For units of this series purchased under theDSC Option or Low Load L3 Option on or after January 25, 2007, upon the expiry of the applicable redemption fee schedule,the service fee rate will increase to a maximum of 0.50%. The service fee rate is a maximum of 0.50% in respect of a Series Bunit of Hartford Global High Income Fund purchased under the Low Load L1 Option.

(9) A permitted transfer of Series B units or Series T(B) units of a Fund to Series A units or Series B units (or Series T(A) units orSeries T(B) units if applicable) of another Fund with the exception of Hartford Canadian Bond Fund or Hartford CanadianMoney Market Fund may result in a higher service fee rate.

(10) The service fee rate in respect of a Series B unit or Series T(B) unit is a maximum of 0.50% during the first 6 years following aninvestor’s purchase of such unit under the DSC Option and a maximum of 0.50% during the first 3 years following aninvestor’s purchase of such unit under the Low Load L3 Option. For units of these series purchased under the DSC Option orLow Load L3 Option on or after January 25, 2007, upon the expiry of the applicable redemption fee schedule, the service feerate will increase to a maximum of 1.00%. The service fee rate is a maximum of 1.00% in respect of a Series B unit orSeries T(B) unit purchased under the Low Load L1 Option.

Marketing Support ProgramWe may engage in cooperative marketing and educationprograms with dealers and sales representatives bysubsidizing such portion of the cost as permitted byapplicable laws, rules and regulations and may also engagein other marketing and education programs that complywith applicable laws, rules and regulations. Marketing andeducation programs typically involve advertising seminars

and conferences by the dealer or sales representativesthrough which sales of units of Funds are promoted.Marketing and education programs do not involve anydirect or indirect costs to the Funds except for those borneby the Manager which may be paid out of management feesas described under “Dealer Compensation FromManagement Fees”.

DEALER COMPENSATION FROM MANAGEMENT FEESWe paid dealers compensation of approximately 67% of thetotal management fees we received from all HartfordMutual Funds we managed in respect of our financialperiod ended December 31, 2009. This includes amounts

we paid to dealers for sales commissions, service fees andmarketing support programs. The amounts we paid todealers for sales commissions are netted against amountsreceived from deferred sales charges.

INCOME TAX CONSIDERATIONS FOR INVESTORSThis section is a summary of how taxes affect yourinvestment in the Funds. The following is based on theassumption that each of the Funds will qualify effective at allmaterial times as a mutual fund trust under the Tax Act. It’swritten for individual unitholders (other than trusts) whoare residents of Canada and who hold their units as capitalproperty.

We’ve tried to make this section as helpful and accurate aspossible. However, tax laws may change between the time

this summary is prepared and the time you read thissummary. Also, this summary is not complete and the taxconsiderations of purchasing, owning and disposing ofunits of a Fund may vary according to your situation andthe province or territory where you reside. Please consultyour tax advisor about your own circumstances.

How the Funds Aim to Make MoneyA Fund can make money two ways. First, it can earn income.Examples are interest paid on bonds, dividends paid on

• 30 •

stocks, or income from Underlying Funds. A Fund can alsohave capital gains if the value of its holdings goes up. If theFund sells an investment at a gain, the gain is realized. If theFund continues to hold the investment, the gain isunrealized.

Each year, the Funds pay out a sufficient amount of theirincome (after deducting expenses) and realized capitalgains so that the Funds don’t have to pay income tax. Thisis known as a distribution.

How Your Fund Investment is TaxedThe tax you pay on your Fund investment depends onwhether you hold your units in a registered plan or in anon-registered account.

Funds You Hold in a Registered PlanIf you hold your units in a registered plan, you don’t have topay any taxes on distributions your plan receives from theFund or on any capital gains your plan realizes fromredeeming or transferring units. Any payments receivedfrom a registered plan other than a TFSA will generallybe subject to tax; however special rules apply to registerededucation savings plans and registered disability savingsplans.

Funds You Hold in a Non-Registered AccountIf you hold your units in a non-registered account, we’llsend you a tax slip within 90 days of the year end of the Fundeach year. It shows your share of the Fund’s distributions ofincome, net capital gains and returns of capital for theprevious year (which may include management feedistributions), as well as any allowable tax credits. Incomemay include dividend income from taxable Canadiancorporations, foreign income and other income. Dividendspaid by Canadian companies will be taxed subject to theapplicable gross-up and dividend tax credit. If the Fund hasearned foreign income, it may have paid foreignwithholding tax. Some or all of this tax may be creditedagainst the Canadian income tax you pay. Other income isfully taxable. Capital gains distributed by the Funds will betreated as if you realized them directly.

You must include the income shown on the tax slip as part ofyour annual income. This applies whether yourdistributions were reinvested in additional units of the Fundor were paid to you in cash.

If you receive more in distributions in a year than your shareof the Fund’s income and capital gains for the year, you’llhave a return of capital (such as may be the case for holdersof Series T(A) units or Series T(B) units). You don’t pay taximmediately on a return of capital. Instead, it reduces theadjusted cost base of your units of the Fund. If the adjustedcost base of your units is reduced to less than zero, you willrealize a capital gain, to the extent of the negative amount ofthe adjusted cost base and the adjusted cost base of yourunits will be increased by the amount of such gain.

Distributions on Series T(A) units and Series T(B) unitsare expected to consist primarily of a return of capital.

Management fees paid to Hartford Investments by Series Iunitholders will not be deductible for tax purposes.

Capital Gains and Losses When You RedeemYour UnitsYou’ll have a capital gain if the money you make fromredeeming a unit is more than the adjusted cost base ofthe unit, after deducting any costs of redeeming the unit.You’ll have a capital loss if the money you receive from aredemption is less than the adjusted cost base, afterdeducting any costs of redeeming your units. One-half ofa capital gain is generally included in calculating yourincome.

If you’ve bought units at various times, you will likely havepaid various prices. The adjusted cost base of a unit is theaverage of the cost of all the units you hold in the Fund.That includes units you received through reinvestments ofdistributions.

In certain cases, individuals may also have to pay alternativeminimum tax on the capital gains or dividends they earn.

Transferring UnitsA transfer of units of one Fund to units of another Fund isconsidered for tax purposes to be a redemption of units anda reinvestment which will give rise to the tax consequencesdescribed immediately above. A redesignation to a differentseries of units within the same Fund does not result in acapital gain or loss and the aggregate adjusted cost base ofyour units remains the same.

As long as no withdrawal is made from your registered plan,you may transfer units of a Fund for units of another Fundwithin your registered plan without paying any tax on thetransfer.

Buying Units Late in the YearThe unit price of a Fund may include income and/or capitalgains that the Fund has earned, but not yet realized and/ordistributed. If you buy units, particularly if it’s late in theyear, you may end up paying tax on income and capital gainsthe Fund earned before you bought your units. This canhappen when the Fund makes a distribution in Decemberof its net income and net realized gains for the whole year.You should consider how this tax cost might affect you whenyou buy units.

How to Calculate Adjusted Cost BaseAdjusted cost base is determined separately for each seriesof units owned by an investor. Here’s how adjusted cost baseis generally calculated:

• start with your initial investment, including any salescharges you paid

• add any additional investments including sales chargesyou paid

• 31 •

• add any distributions you reinvested

• subtract any distributions that were a return of capital

• subtract the adjusted cost base of any previousredemptions.

To calculate adjusted cost base, you’ll need to keep detailedrecords of the price you paid for your investments and thedistributions you received on those units. It is expected thatthe monthly distributions on Series T(A) and Series T(B)units will frequently include a return of capital, which willaffect the adjusted cost base of your units. We will provideyou with information regarding any distributions that are areturn of capital. For more information, contact your taxadvisor.

DCA Program ConsequencesAmounts credited or paid to a holder of DCA units ofHartford Canadian Money Market Fund by the Manageron account of the Manager’s bonus yield obligationsdescribed under “Optional Services and the DCAProgram – Hartford Dollar Cost Averaging AdvantageProgram” and “Part B: Specific Information About Each

of the Mutual Funds Described in this Document –Hartford Canadian Money Market Fund – Description ofSecurities Offered – DCA Units” will be treated as incomereceived by such unitholder and will be fully taxable (unlessthe unitholder holds same through a registered retirementplan). Such amounts applied to the purchase/issuance ofunits of the Funds under the unitholder’s DCA Program willbe added to the unitholder’s adjusted cost base of such units(see “Optional Services and the DCA Program – HartfordDollar Cost Averaging Advantage Program”).

Portfolio Turnover RateA portfolio turnover rate of 100% is equivalent to the Fundbuying and selling all of the securities in its portfolio once inthe course of the year. The higher the portfolio turnoverrate in a year, the greater the trading costs payable by theFund in the year and the greater the chance of an investorreceiving taxable distributions in the year. There is notnecessarily a relationship between a high turnover rateand the performance of a mutual fund.

WHAT ARE YOUR LEGAL RIGHTS?Securities law in several provinces gives you the right towithdraw from an agreement to buy mutual fund securitieswithin two business days after you receive a SimplifiedProspectus or to cancel your purchase within 48 hours afteryou receive confirmation of your purchase. If you buymutual fund securities under a contractual plan, the timeperiod for your right to withdraw from the purchase may belonger.

In several provinces and territories, securities law also givesyou the right to cancel an agreement to buy mutual fund

securities and get your money back or, in some jurisdictions,claim damages if the Simplified Prospectus or AnnualInformation Form or financial statements misrepresentany facts about the Fund. You must act within the time limitset by the securities legislation in your province or territory.You can find out more by referring to the securitieslegislation in your province or territory or by consulting alegal adviser.

• 32 •

PART B:

SPECIFIC INFORMATION ABOUT EACH OF THE MUTUAL FUNDS

DESCRIBED IN THIS DOCUMENT

GENERAL INFORMATIONInformation about each Fund is summarized on thefollowing pages. Here is an explanation of what you willfind under each heading.

Fund DetailsIn each Fund summary you will find a chart that looks likethis one. It contains the information described below.

Type of FundThis tells you how the Fund is classified, whether moneymarket, equity, bond, related to a geographical region, orsome other type.

Start DateThis is the date that the Fund started offering units to thepublic.

Securities OfferedThis tells you the nature of the units offered.

Eligible for Registered PlansThis tells you whether units of the Fund are qualifiedinvestments for registered plans.

Portfolio Sub-AdviserThis tells you the name of the portfolio sub-adviser of theFund.

What Does the Fund invest in?This section is divided into two parts:

Investment ObjectiveThe investment objective of each Fund is described, and thekinds of securities it uses to achieve this objective.

Investment StrategyThis explains how a Fund through the applicable portfoliosub-adviser plans to achieve its investment objective. Theinvestment activities of each Fund are subject to theinvestment restrictions determined from time to time bythe Manager. Each Fund shall at all times conduct its

activities so as to qualify as a “mutual fund trust” as thatphrase is defined for purposes of the Tax Act.

In addition to the specific investment restrictions andpractices described herein, the Funds have adopted thestandard investment restrictions and practices set forth inNational Instrument 81-102 – Mutual Funds, a copy of whichmay be obtained from the Funds upon request, or any ruleor national instrument reformulating or replacing same.Investors are encouraged to consult the AnnualInformation Form of the Funds for further informationconcerning the restrictions on investments and oninvestment policies and practices of the Fund in pursuingits objectives.

What are the Risks of Investing in this Fund?This is where the specific risks of the Fund are set out. Fordetails about the meaning of each risk, see pages 2 to 7 ofthis document.

Large UnitholdersThese are the unitholders of the Fund which, as of April 16,2010 beneficially hold more than 10% of the units of theFund.

Who Should Invest in this Fund?Information is provided under this heading to help youdecide whether investing in a particular Fund is right foryou.

Distribution PolicyThis section tells you how and when distributions ordividends are paid by the Fund.

Fund Expenses Indirectly Borne by InvestorsThe information in this table provides an example of theshare of the expenses of each series of units of each Fundindirectly borne by investors. Each series of units of a Fundis responsible for its own expenses and its proportionateshare of common Fund expenses. While you don’t pay thesecosts directly, they reduce the Fund’s return. You’ll findmore information about the costs of investing in the Fundsin “Fees and Expenses”.

• 33 •

HARTFORD GROWTH PORTFOLIO

Fund Details

Type of Fund Asset Allocation Portfolio

Start Date January 16, 2009 forSeries A, Series B, Series F,Series T(A) and Series T(B)units

Securities Offered Five series of units of amutual fund trust, namelySeries A units, Series Bunits, Series F units,Series T(A) units andSeries T(B) units

Eligible for Registered Plans Yes, units are qualifiedinvestments for RRSPs,RRIFs, DPSPs, RESPs,RDSPs and TFSAs

Portfolio Sub-Adviser Hartford InvestmentManagement Company,Hartford, Connecticut(1)

Notes: (1) The Manager is responsible for the investment advice andportfolio management services provided by the portfolio sub-adviser. There may be difficulty enforcing any legal rightsagainst Hartford Investment Management Companybecause it is a foreign company and its assets are locatedoutside Canada.

What Does the Fund Invest in?

Investment ObjectiveThe fundamental investment objective of Hartford GrowthPortfolio is to seek long term capital appreciation byinvesting primarily in a portfolio of equity and fixed incomemutual funds, managed by the manager or an affiliate orassociate of the manager and, to a lesser extent,exchange-traded funds (ETFs).

The fundamental investment objective of the Fund iscontained and/or incorporated by reference in itsDeclaration of Trust. It may be changed by the Manageronly with the sanction of a resolution passed by a majority ofthe votes cast at a meeting of the unitholders of the Fundduly convened for that purpose and held in accordance withthe applicable provisions of its Declaration of Trust.

Investment StrategyTo fulfill this objective, the portfolio sub-adviser will follow astrategic asset allocation strategy whereby all or substantiallyall of the Fund’s assets will be invested in a combination ofother Hartford Mutual Funds, and to a lesser degree, ETFs.The Fund will invest in a combination of domestic andinternational equity and fixed income funds. TheUnderlying Funds and ETFs may invest in a variety ofdomestic, global and emerging market equity and fixedincome securities. Equity investments may include small,medium and large capitalization securities, while fixed

income investments may include high quality as well as highyield or other lower-quality debt securities. The portfoliosub-adviser may change the Underlying Funds and ETFs inwhich the Fund is invested, or the percentage of the Fund’sassets invested in a particular Underlying Fund or ETF atany time in its sole discretion.

Under normal market conditions, approximately 80% ofthe Fund’s assets are expected to be invested in equity fundsand approximately 20% of the Fund’s assets are expected tobe invested in fixed income funds. These percentages mayvary from time to time depending on the portfolio sub-adviser’s view of market conditions. The portfolio sub-adviser will monitor and periodically rebalance the Fund’sassets back to the target asset allocation. The portfolio sub-adviser will also regularly review and adjust the target assetallocations, including by buying and selling units of theUnderlying Funds, and may purchase or sell ETFs in orderto increase or decrease the Fund’s exposure to specificsectors of the market.

The portfolio sub-adviser selects for the Fund theappropriate Underlying Funds. In making this selection,the portfolio sub-adviser considers the investmentobjectives and strategies of each Underlying Fund as wellas its investment style and performance record.

The portfolio sub-adviser selects for the Fund theappropriate ETFs. In making this selection, the portfoliosub-adviser considers the index that each ETF is designed toreplicate or represent.

Subject to compliance with applicable registration andproficiency requirements, the Fund is permitted, but notrequired, to use derivatives like options, futures, forwardcontracts, swaps, index participation units and other similarinstruments for hedging and non-hedging purposes and forthe purpose of making a profit provided the use ofderivatives is consistent with the Fund’s objectives and ispermitted by Canadian securities laws. See “Risks of UsingDerivatives” for a description of the nature of each type ofderivative which may be used. The Fund may from time totime use these instruments to, among other reasons, gainexposure to the underlying securities, indexes or currencieswithout investing in them directly, manage risks andimplement investment strategies more efficiently.Derivatives can only be used if sufficient cash or cash-equivalent securities are held by the Fund in order that aleveraged portfolio cannot be created. Investing in andusing derivative instruments are subject to certain risks.See “Risks of Using Derivatives.” At present, the Fundintends to use derivatives only for currency hedgingpurposes.

Subject to providing 60 days advance written notice toinvestors, the Fund may enter into repurchase, reverserepurchase and securities lending agreements. The Funddoes not currently intend to enter into repurchase, reverse

• 34 •

repurchase or securities lending agreements. See “Risks ofUsing Repurchase, Reverse Repurchase and SecuritiesLending Agreements” for a description of the nature ofeach type of agreement which may be used. The Fund mayfrom time to time use repurchase, reverse repurchase andsecurities lending agreements to maximize returns and fortemporary defensive purposes in response to adversemarket, economic or political conditions. To the extentthe Fund is in a defensive position, the Fund may losethe benefit of upswings and limit its ability to meet itsinvestment objective. Investing in and using repurchase,reverse repurchase and securities lending agreements aresubject to certain risks. See “Risks of Using Repurchase,Reverse Repurchase and Securities Lending Agreements.”The Fund will limit these transactions to parties that have, inthe opinion of the Manager and its portfolio sub-advisers,adequate resources and financial strength.

From time to time, as part of its principal investmentstrategy, each Fund may invest some or all of its assets incash or high quality money market securities for temporarydefensive purposes in response to adverse market,economic or political conditions. To the extent a Fund isin a defensive position, the Fund may lose the benefit ofmarket upswings and limit its ability to meet its investmentobjective.

What Are The Risks Of Investing In This Fund?The Fund uses strategic asset allocation in order to invest ina mix of different Underlying Funds and ETFs. This strategyhelps to reduce the Fund’s volatility but also makes theFund’s performance dependent on the performance of theUnderlying Funds and ETFs in which it invests. The Fund’sability to achieve its overall investment objective is directlyrelated to the Underlying Funds’ and ETFs’ ability toachieve their individual investment objectives. See “Risksof Investments in Other Mutual Funds”.

The Fund is subject to its own risks and to risks relating tothe Underlying Funds and ETFs it holds. The investmentrisks of the Fund and Underlying Funds and ETFs held bythe Fund may include:

• Asset Backed and Mortgage Backed Securities Risk;

• Cash Deposit Risk;

• Credit Risk;

• Exchange-Traded Fund Risk;

• Interest Rate Sensitive Securities;

• International Investment Exposure;

• Investments in Emerging Countries;

• Investments in Small and Mid-Sized Companies;

• Market Risk;

• Risks of Investing in Bank Loans and LoanParticipations;

• Risks of Large Unitholders and of Unit Transactions;

• Risks of Using Derivatives;

• Risks of Using Repurchase, Reverse Repurchase andSecurities Lending Agreements; and

• Series Risk.

You will find an explanation of each risk starting on page 2of this document.

In accordance with its investment objectives, the Fund heldup to 20.39% of its net assets in units of HartfordInternational Equity Fund, up to 19.68% of its net assetsin units of Hartford Canadian Value Fund, up to 16.09% ofits net assets in units of Hartford Canadian Dividend Fund,up to 14.06% of its net assets in units of Hartford CapitalAppreciation Fund, up to 11.69% of its net assets in units ofHartford Global High Income Fund, and up to 10.78% of itsnet assets in units of Hartford Canadian Stock Fund duringthe last year. We do not believe that these investmentsresulted in any additional risk to the Fund.

Who Should Invest In This Fund?This Fund is intended for those investors seeking long-termcapital growth with reduced volatility through a diversifiedportfolio of equity and fixed income funds. This Fund maybe suitable if you are investing for the long term and arewilling to accept a moderate degree of risk.

Distribution PolicyThe Fund has a taxation year end of December 31. TheFund distributes the income earned by the Fund and thenet capital gains made by the Fund at least annually onDecember 31 to ensure there is no income tax payable bythe Fund under the Tax Act. In addition, the Fund intends todistribute income earned by the Fund at the end of March,June and September of each year. The timing of suchdistributions is within the discretion of the Manager.Additional distributions may be made at the Manager’sdiscretion. Distributions paid by the Fund on units (otherthan Series T(A) units or Series T(B) units) areautomatically reinvested in whole or fractional units ofthe Fund unless the unitholder makes a written requestfor payments in cash.

For Series T(A) units and Series T(B) units, the Fundexpects to make monthly distributions of return of capital,which can be paid in cash or reinvested in additional unitsof the Fund at the option of the unitholder. Any additionalincome and capital gains distributed by the Fund must bereinvested in additional units of the Fund. If the cashdistributions to you are greater than the net increase invalue of your investment, the distributions will erode thevalue of your investment.

At the beginning of each year, we will determine an annualdistribution rate for Series T(A) units and Series T(B) units,which will be expressed as a fixed amount per unit. Thecurrent intention is to distribute approximately 6% of thenet asset value per unit of the Series T(A) and Series T(B)units each year, based on the net asset value per unit of theseries as at December 31 of the previous year. This

• 35 •

distribution amount for any series of units may be changed,depending upon market conditions and the impact of thedistribution on the Fund.

No sales charge is payable upon automatic reinvestment ofdistributions.

Distributions are only made to those unitholders who areunitholders of record at the time the amounts of suchdistributions are determined.

Management fee distributions (where applicable) will becalculated and credited daily and distributed quarterly oron such other basis as the Manager may determine.Management fee distributions will generally be paid firstout of net income and/or net capital gains of the Fund andotherwise as a return of capital. Where a unitholder who isentitled to management fee distributions redeems all of theapplicable units, any unpaid management fee distributionsshall be paid in cash at the time of the redemption ratherthan being reinvested in units.

Details of distributions are included in the Fund’s financialstatements and/or management reports of fundperformance.

Allocations of distributions on account of income andcapital gains among series of units are generally made basedupon the income and capital gains of the Fund attributableto each series of units. These allocations vary between seriesto reflect different net asset values, management fees andother special expenses, if any. The Fund may distributecapital at any time on one or more series of units.

The character, for Canadian tax purposes, of monthlydistributions made on Series T(A) units and Series T(B)units during the year will not be determined with certaintyuntil after the end of the Fund’s taxation year. Distributionson Series T(A) units and Series T(B) units are notguaranteed to occur on a specific date and the Fund isnot responsible for any fees or charges incurred by youbecause the Fund did not effect a distribution on aparticular day.

Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain for each series as thatincurred in respect of the Fund’s financial year ended

December 31, 2009. Please also see “Fees and ExpensesPayable Directly by You”.

Although your costs may be higher or lower, based on theseassumptions your costs would be:

For 1 year For 3 years For 5 years For 10 yearsSeries A units $23.06 $72.70 $127.43 $290.08

Series B units $25.63 $80.78 $141.59 $322.31

Series F units $15.38 $48.47 $ 84.96 $193.39

Series T(A) units $23.06 $72.70 $127.43 $290.08

Series T(B) units $25.63 $80.78 $141.59 $322.31

• 36 •

HARTFORD BALANCED GROWTH PORTFOLIO

Fund Details







What Does the Fund Invest In?

Investment ObjectiveThe fundamental investment objective of HartfordBalanced Growth Portfolio is to seek long term capitalappreciation and some income by investing primarily in aportfolio of equity and fixed income mutual funds,managed by the manager or an affiliate or associate ofthe manager and, to a lesser extent, exchange-traded funds(ETFs).


Investment StrategyTo fulfill this objective, the portfolio sub-adviser will follow astrategic asset allocation strategy whereby all or substantiallyall of the Fund’s asset will be invested in a combination ofother Hartford Mutual Funds, and to a lesser degree, ETFs.The Fund will invest in a combination of domestic andinternational equity and fixed income funds. TheUnderlying Funds and ETFs may invest in a variety ofdomestic, global and emerging market equity and fixedincome securities. Equity investments may include small,

medium and large capitalization securities, while fixedincome investments may include high quality as well as highyield or other lower-quality debt securities. The portfoliosub-adviser may change the Underlying Funds and ETFs inwhich the Fund is invested, or the percentage of the Fund’sassets invested in a particular Underlying Fund or ETF atany time in its sole discretion.

Under normal market conditions, approximately 65% ofthe Fund’s assets are expected to be invested in equity fundsand approximately 35% of assets are expected to be investedin fixed income funds. These percentages may vary fromtime to time depending on the portfolio sub-adviser’s viewof market conditions. The portfolio sub-adviser will monitorand periodically rebalance the Fund’s assets back to thetarget asset allocation. The portfolio sub-adviser will alsoregularly review and adjust the target asset allocations,including by buying and selling units of the UnderlyingFunds, and may purchase or sell ETFs in order to increase ordecrease the Fund’s exposure to specific sectors of themarket.




Subject to providing 60 days advance written notice toinvestors, the Fund may enter into repurchase, reverserepurchase and securities lending agreements. The Fund

• 37 •

does not currently intend to enter into repurchase, reverserepurchase or securities lending agreements. See “Risks ofUsing Repurchase, Reverse Repurchase and SecuritiesLending Agreements” for a description of the nature ofeach type of agreement which may be used. The Fund mayfrom time to time use repurchase, reverse repurchase andsecurities lending agreements to maximize returns and fortemporary defensive purposes in response to adversemarket, economic or political conditions. To the extentthe Fund is in a defensive position, the Fund may losethe benefit of upswings and limit its ability to meet itsinvestment objective. Investing in and using repurchase,reverse repurchase and securities lending agreements aresubject to certain risks. See “Risks of Using Repurchase,Reverse Repurchase and Securities Lending Agreements.”The Fund will limit these transactions to parties that have, inthe opinion of the Manager and its portfolio sub-advisers,adequate resources and financial strength.



The Fund is subject its own risks and to risks relating to theUnderlying Funds and ETFs it holds. The investment risksof the Fund and Underlying Funds and ETFs held by theFund may include:



• Credit Risk;





• Investments in Small and Mid-Sized Companies;• Market Risk;





• Series Risk.


In accordance with its investment objectives, the Fund heldup to 20.03% of its net assets in units of Hartford GlobalHigh Income Fund, up to 19.15% of its net assets in units ofHartford International Equity Fund, up to 16.89% of its netassets in units of Hartford Canadian Bond Fund, up to15.69% of its net assets in units of Hartford Canadian ValueFund, up to 13.44% of its net assets in units of HartfordCanadian Dividend Fund, and up to 10.92% of its net assetsin units of Hartford Capital Appreciation Fund during thelast year. We do not believe that these investments resultedin any additional risk to the Fund.

Who Should Invest In This Fund?This Fund is intended for those investors seeking long-termcapital growth with reduced volatility through a diversifiedportfolio of equity and fixed income funds. This Fund maybe suitable if you are investing for the long term and arewilling to accept a low to moderate degree of risk.

Distribution PolicyThe Fund has a taxation year end of December 31. TheFund intends to make such an election. The Funddistributes the income earned by the Fund and the netcapital gains made by the Fund at least annually onDecember 31 to ensure there is no income tax payable bythe Fund under the Tax Act. In addition, the Fund intends todistribute income earned by the Fund at the end of March,June and September of each year. The timing of suchdistributions is within the discretion of the Manager.Additional distributions may be made at the Manager’sdiscretion. Distributions paid by the Fund on units (otherthan Series T(A) units or Series T(B) units) areautomatically reinvested in whole or fractional units ofthe Fund unless the unitholder makes a written requestfor payments in cash.


At the beginning of each year, we will determine an annualdistribution rate for Series T(A) units and Series T(B) units,which will be expressed as a fixed amount per unit. Thecurrent intention is to distribute approximately 6% of thenet asset value per unit of the Series T(A) and Series T(B)units each year, based on the net asset value per unit of the

• 38 •

series as at December 31 of the previous year. Thisdistribution amount for any series of units may be changed,depending upon market conditions and the impact of thedistribution on the Fund.







Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain for each series as thatincurred in respect of the Fund’s financial year endedDecember 31, 2009. Please also see “Fees and ExpensesPayable Directly by You”.



Series B units $25.63 $80.78 $141.59 $322.31

Series F units $15.38 $48.47 $ 84.96 $193.39

Series T(A) units $23.06 $72.70 $127.43 $290.08

Series T(B) units $25.63 $80.78 $141.59 $322.31

• 39 •

HARTFORD BALANCED PORTFOLIO

Fund Details







What Does the Fund Invest In?

Investment ObjectiveThe fundamental investment objective of HartfordBalanced Portfolio is to seek a balance of long term capitalappreciation and income by investing primarily in aportfolio of equity and fixed income mutual funds,managed by the manager or an affiliate or associate ofthe manager and, to a lesser extent, exchange-traded funds(ETFs).


Investment StrategyTo fulfill this objective, the portfolio sub-adviser will follow astrategic asset allocation strategy whereby all or substantiallyall of the Fund’s assets will be invested in a combination ofother Hartford Mutual Funds, and to a lesser degree, ETFs.The Fund will invest in a combination of domestic andinternational equity and fixed income funds. TheUnderlying Funds and ETFs may invest in a variety ofdomestic, global and emerging market equity and fixedincome securities. Equity investments may include small,

medium and large capitalization securities, while fixedincome investments may include high quality as well as highyield or other lower-quality debt securities. The portfoliosub-adviser may change the Underlying Funds and ETFs inwhich the Fund is invested, or the percentage of the Fund’sassets invested in a particular Underlying Fund or ETF atany time in its sole discretion.





Subject to providing 60 days advance written notice toinvestors, the Fund may enter into repurchase, reverserepurchase and securities lending agreements. The Fund

• 40 •

does not currently intend to enter into repurchase, reverserepurchase or securities lending agreements. See “Risks ofUsing Repurchase, Reverse Repurchase and SecuritiesLending Agreements” for a description of the nature ofeach type of agreement which may be used. The Fund mayfrom time to time use repurchase, reverse repurchase andsecurities lending agreements to maximize returns and fortemporary defensive purposes in response to adversemarket, economic or political conditions. To the extentthe Fund is in a defensive position, the Fund may losethe benefit of upswings and limit its ability to meet itsinvestment objective. Investing in and using repurchase,reverse repurchase and securities lending agreements aresubject to certain risks. See “Risks of Using Repurchase,Reverse Repurchase and Securities Lending Agreements.”The Fund will limit these transactions to parties that have, inthe opinion of the Manager and its portfolio sub-advisers,adequate resources and financial strength.






• Credit Risk;





• Investments in Small and Mid-Sized Companies;• Market Risk;





• Series Risk.


In accordance with its investment objectives, the Fund heldup to 28.08% of its net assets in units of Hartford CanadianBond Fund, up to 23.62% of its net assets in units ofHartford Global High Income Fund, up to 16.92% of itsnet assets in units of Hartford International Equity Fund,and up to 13.01% of its net assets in units of HartfordCanadian Value Fund during the last year. We do not believethat these investments resulted in any additional risk to theFund.


Distribution PolicyThe Fund has a taxation year end of December 31. TheFund intends to make such an election. The Funddistributes the income earned by the Fund and the netcapital gains made by the Fund at least annually onDecember 31 to ensure there is no income tax payable bythe Fund under the Tax Act. In addition, the Fund intends todistribute income earned by the Fund at the end of March,June and September of each year. The timing of suchdistributions is within the discretion of the Manager.Additional distributions may be made at the Manager’sdiscretion. Distributions paid by the Fund on units (otherthan Series T(A) units or Series T(B) units) areautomatically reinvested in whole or fractional units ofthe Fund unless the unitholder makes a written requestfor payments in cash.


At the beginning of each year, we will determine an annualdistribution rate for Series T(A) units and Series T(B) units,which will be expressed as a fixed amount per unit. Thecurrent intention is to distribute approximately 6% of thenet asset value per unit of the Series T(A) and Series T(B)units each year, based on the net asset value per unit of theseries as at December 31 of the previous year. Thisdistribution amount for any series of units may be changed,

• 41 •

depending upon market conditions and the impact of thedistribution on the Fund.







Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain for each series as thatincurred in respect of the Fund’s financial year endedDecember 31, 2009. Please also see “Fees and ExpensesPayable Directly by You”.



Series B units $25.63 $80.78 $141.59 $322.31

Series F units $15.38 $48.47 $ 84.96 $193.39

Series T(A) units $23.06 $72.70 $127.43 $290.08

Series T(B) units $25.63 $80.78 $141.59 $322.31

• 42 •

HARTFORD CONSERVATIVE PORTFOLIO

Fund Details








Investment ObjectiveThe fundamental investment objective of HartfordConservative Portfolio is to seek a combination of currentincome with the potential for long term capitalappreciation by investing primarily in a portfolio of equityand fixed income mutual funds, managed by the manageror an affiliate or associate of the manager and, to a lesserextent, exchange-traded funds (ETFs).


Investment StrategyTo fulfill this objective, the portfolio sub-adviser will follow astrategic asset allocation strategy whereby all or substantiallyall of the Fund’s assets will be invested in a combination ofother Hartford Mutual Funds, and to a lesser degree, ETFs.The Fund will invest in a combination of domestic andinternational equity and fixed income funds. TheUnderlying Funds and ETFs may invest in a variety ofdomestic, global and emerging market equity and fixedincome securities. Equity investments may include small,medium and large capitalization securities, while fixedincome investments may include high quality as well as high

yield or other lower-quality debt securities. The portfoliosub-adviser may change the Underlying Funds and ETFs inwhich the Fund is invested, or the percentage of the Fund’sassets invested in a particular Underlying Fund or ETF atany time in its sole discretion.





Subject to providing 60 days advance written notice toinvestors, the Fund may enter into repurchase, reverserepurchase and securities lending agreements. The Funddoes not currently intend to enter into repurchase, reverserepurchase or securities lending agreements. See “Risks ofUsing Repurchase, Reverse Repurchase and SecuritiesLending Agreements” for a description of the nature ofeach type of agreement which may be used. The Fund mayfrom time to time use repurchase, reverse repurchase andsecurities lending agreements to maximize returns and for

• 43 •

temporary defensive purposes in response to adversemarket, economic or political conditions. To the extentthe Fund is in a defensive position, the Fund may losethe benefit of upswings and limit its ability to meet itsinvestment objective. Investing in and using repurchase,reverse repurchase and securities lending agreements aresubject to certain risks. See “Risks of Using Repurchase,Reverse Repurchase and Securities Lending Agreements.”The Fund will limit these transactions to parties that have, inthe opinion of the Manager and its portfolio sub-advisers,adequate resources and financial strength.






• Credit Risk;





• Investments in Small and Mid-Sized Companies;

• Market Risk;

• Risks of Investing in Bank Loans and Loan Participations;




• Series Risk.


In accordance with its investment objectives, the Fund heldup to 38.95% of its net assets in units of Hartford CanadianBond Fund, up to 24.50% of its net assets in units ofHartford Global High Income Fund, and up to 13.27% ofits net assets in units of Hartford International Equity Fund

during the last year. We do not believe that theseinvestments resulted in any additional risk to the Fund.


Distribution PolicyThe fund has a taxation year end of December 31. The Funddistributes the income earned by the Fund and the netcapital gains made by the Fund at least annually onDecember 31 to ensure there is no income tax payable bythe Fund under the Tax Act. In addition, the Fund intends todistribute income earned by the Fund at the end of March,June and September of each year. The timing of suchdistributions is within the discretion of the Manager.Additional distributions may be made at the Manager’sdiscretion. Distributions paid by the Fund on units (otherthan Series T(A) units or Series T(B) units) areautomatically reinvested in whole or fractional units ofthe Fund unless the unitholder makes a written requestfor payments in cash.


At the beginning of each year, we will determine an annualdistribution rate for Series T(A) units and Series T(B) units,which will be expressed as a fixed amount per unit. Thecurrent intention is to distribute approximately 6% of thenet asset value per unit of the Series T(A) and Series T(B)units each year, based on the net asset value per unit of theseries as at December 31 of the previous year. Thisdistribution amount for any series of units may be changed,depending upon market conditions and the impact of thedistribution on the Fund.




• 44 •




Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the costs ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain for each series as thatincurred in respect of the Fund’s financial year endedDecember 31, 2009. Please also see “Fees and ExpensesPayable Directly by You”.


For 1 Year For 3 Years For 5 Years For 10 Years

Series A units $20.50 $64.63 $113.28 $257.85

Series B units $23.06 $72.70 $127.43 $290.08

Series F units $12.81 $40.39 $ 70.80 $161.15

Series T(A) units $20.50 $64.63 $113.28 $257.85

Series T(B) units $23.06 $72.70 $127.43 $290.08

• 45 •

HARTFORD CAPITAL APPRECIATION FUND

Fund Details

Type of Fund U.S. Equity

Start Date May 1, 2000 (February 1,2005 for Series A units,June 13, 2006 for Series Funits and Series I units andJuly 7, 2008 for Series T(A)units and Series T(B) units)

Securities Offered Seven series of units of amutual fund trust namelySeries A units, Series Bunits, Series D units(1),Series F units, Series I units,Series T(A) units andSeries T(B) units


Portfolio Sub-Adviser Wellington ManagementCompany, LLP, BostonMassachusetts(2)

Notes: (1) Effective May 9, 2008, Series D units of the Fund were closedto new subscriptions other than purchases throughsystematic investment programs or systematic transfer plansestablished prior to May 9, 2008 and automaticallyreinvested distributions. The Manager may re-open Series Dunits of this Fund to new subscriptions in the future.

(2) The Manager is responsible for the investment advice andportfolio management services provided by the portfolio sub-adviser. There may be difficulty enforcing any legal rightsagainst this portfolio sub-adviser because it is a foreigncompany and its assets are located outside Canada.


Investment ObjectiveThe fundamental investment objective of Hartford CapitalAppreciation Fund is to seek growth of capital by investingprimarily in United States stocks selected on the basis ofpotential for capital appreciation.

To fulfil this objective, the investment policy of the Fund isto invest a majority of its total assets in common stocks ofmedium and large U.S. companies. The Fund may invest upto 35% of its total assets in the securities ofnon-U.S. companies.


Investment StrategyThrough fundamental analysis, the sub-adviser identifiescompanies that it believes have substantial near-term capitalappreciation potential regardless of company size orindustry sector. This strategy is sometimes referred to as a“stock picking” approach. Companies are selected primarilyon the basis of dynamic earnings growth potential and/orthe expectation of a significant event that the sub-adviserbelieves will trigger an increase in stock price. Although notlimited, the Fund generally will not invest in securities ofcompanies having market capitalizations less thanU.S.$2 billion. In analyzing a prospective investment, thesub-adviser looks at a number of factors, such as businessenvironment, management quality, balance sheet, incomestatement, anticipated earnings, revenues, dividends andother related measures or indicators of value.

Subject to compliance with applicable regulatory notice andregistration and proficiency requirements, the Fund ispermitted, but not required, to use derivatives like options,futures, forward contracts, swaps, index participation unitsand other similar instruments for hedging and non-hedgingpurposes and for the purpose of making a profit providedthe use of derivatives is consistent with the Fund’s objectivesand is permitted by Canadian securities laws. The Fund mayimplement hedging strategies. See “Risks of UsingDerivatives” for a description of the nature of each typeof derivative which may be used. The Fund may from time totime use these instruments to, among other reasons, gainexposure to the underlying securities, indexes or currencieswithout investing in them directly, manage risks andimplement investment strategies more efficiently.Derivatives can only be used if sufficient cash or cash-equivalent securities are held by the Funds in order thata leveraged portfolio cannot be created. Investing in andusing derivative instruments are subject to certain risks. See“Risks of Using Derivatives.” The only derivatives used by theFund to date are forward currency contracts.

The Fund is permitted to invest some of its assets insecurities of other mutual funds, including other mutualfunds managed by the Manager or an affiliate or associate ofthe Manager or securities of a foreign mutual fund,provided such investment is consistent with the Fund’sobjective and is permitted by Canadian securities laws.See “Risks of Investments in Other Mutual Funds.” Withthe exception of index participation units, the Fund doesnot intend to purchase securities of, or enter into specifiedderivative transactions for which the underlying interest isbased on the securities of, other mutual funds.

The Fund is permitted to enter into repurchase agreementsand, subject to providing 60 days advance written notice toinvestors, the Fund may enter into reverse repurchase andsecurities lending agreements. The Fund does not currentlyintend to enter into reverse repurchase agreements orsecurities lending agreements. See “Risks of UsingRepurchase, Reverse Repurchase and Securities LendingAgreements” for a description of the nature of each type ofagreement which may be used. The Fund may from time totime use repurchase, reverse repurchase and securities

• 46 •

lending agreements to maximize returns and for temporarydefensive purposes in response to adverse market,economic or political conditions. To the extent the Fundis in a defensive position, the Fund may lose the benefit ofupswings and limit its ability to meet its investmentobjective. Investing in and using repurchase, reverserepurchase and securities lending agreements are subjectto certain risks. See “Risks of Using Repurchase, ReverseRepurchase and Securities Lending Agreements.” TheFund will limit these transactions to parties that have, inthe opinion of the Manager and its portfolio sub-advisers,adequate resources and financial strength.

From time to time the Fund may invest some or all of itsassets in cash or high quality money market securities fortemporary defensive purposes in response to adversemarket, economic or political conditions. To the extentthe Fund is in a defensive position, the Fund may losethe benefit of upswings and limit its ability to meet itsinvestment objective. The Fund’s portfolio turnover rateis expected to be higher than 70%. The higher a Fund’sportfolio turnover rate:• the greater the chance you may receive taxable capital

gains; and

• the greater the trading costs of the Fund. These costs arean expense of the Fund and are paid out of Fund assets,which may reduce your returns.

What Are The Risks Of Investing In This Fund?The risks of investing in this Fund are:





• Market Risk;

• Risks of Investments in Other Mutual Funds;




• Series Risk.


Who Should Invest In This Fund?This Fund is intended for those investors seeking growth ofcapital associated with an aggressive stock pickingapproach. This Fund may be suitable if you are investingfor the longer term and are willing to accept a moderate tohigh degree of risk.

Distribution PolicyIncome tax legislation allows a qualifying mutual fund toelect to have a taxation year end of December 15 instead ofDecember 31. The Fund has made such an election. TheFund distributes the income earned by the Fund and thenet capital gains made by the Fund at least annually on a daybetween December 15 and December 31 to ensure there is

no income tax payable by the Fund under the Tax Act. Thetiming of such distributions is within the discretion of theManager. Additional distributions may be made at theManager’s discretion. Distributions paid by the Fund onunits (other than Series T(A) units or Series T(B) units) areautomatically reinvested in whole or fractional units of theFund unless the unitholder makes a written request forpayments in cash.


At the beginning of each year, we will determine an annualdistribution rate for Series T(A) units and Series T(B) units,which will be expressed as a fixed amount per unit. Thecurrent intention is to distribute approximately 6% of thenet asset value per unit of the Series T(A) and Series T(B)units each year, based on the net asset value per unit of theseries as at December 31st of the previous year. Thisdistribution amount for any series of units may be changed,depending upon market conditions and the impact of thedistribution on the Fund.




Details of distributions will be included in the Fund’sfinancial statements and/or management reports of fundperformance.


The character, for Canadian tax purposes, of monthlydistributions made on Series T(A) units and Series T(B)units during the year will not be determined with certaintyuntil after the end of the Fund’s taxation year. Distributionson Series T(A) units and Series T(B) units are notguaranteed to occur on a specific date and the Fund isnot responsible for any fees or charges incurred by you

• 47 •

because the Fund did not effect a distribution on aparticular day.

Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain, in respect of Series Bunits and Series D units, as set out on page 22 and, in respectof Series A units, Series F units, Series T(A) units andSeries T(B) units as that incurred in respect of the Fund’sfinancial year ended December 31, 2009. Please also see“Fees and Expenses Payable Directly by You”. Noinformation is provided in respect of Series I units asmanagement fees for Series I units are negotiated and paiddirectly by the investor, not by the Fund (which fees will notexceed the management fees applicable to the Series Dunits).



Series B units $26.65 $84.01 $147.26 $335.20

Series D units $20.50 $64.63 $113.28 $257.85

Series F units $15.38 $48.47 $ 84.96 $193.39

Series T(A) units $24.09 $75.94 $133.10 $302.97

Series T(B) units $26.65 $84.01 $147.26 $335.20

• 48 •

HARTFORD GLOBAL LEADERS FUND

Fund Details

Type of Fund Global Equity




Portfolio Sub-Adviser Black Creek InvestmentManagement Inc., Toronto,Ontario(2)

Notes: (1) Effective May 9, 2008, Series D units of this Fund wereclosed to new subscriptions other than purchases throughsystematic investment programs or systematic transfer plansestablished prior to May 9, 2008 and automaticallyreinvested distributions. The Manager may re-open Series Dunits of this Fund to new subscriptions in the future.

(2) The Manager is responsible for the investment advice andportfolio management services provided by the portfolio sub-adviser.


Investment ObjectiveThe fundamental investment objective of Hartford GlobalLeaders Fund is to seek growth of capital by investingprimarily in stocks issued by companies worldwide.

Under normal market and economic conditions, the Fundwill invest a majority of its total assets in common stocks ofhigh quality growth companies worldwide. Thesecompanies will be those identified by the Fund as leadersin their respective industries as indicated by an establishedmarket presence and strong global, regional or countrycompetitive positions.

The Fund will invest primarily in a diversified portfolio ofcommon stocks covering a broad range of countries,industries and companies. Securities in which the Fundmay invest are denominated in many currencies and maytrade in markets around the world.

Under normal market and economic conditions, the Fundwill diversify its investments in securities of companiesamong a number of different countries throughout theworld, which may include Canada. There are no limits on

the amount of the Fund’s assets that may be invested in eachcountry.


Investment StrategyThe approach of the sub-adviser is to invest in globallycompetitive companies within growing sectors. The sub-adviser takes a long-term view of the world and strives tounderstand the economics and characteristics of differentbusinesses and industries. The sub-adviser analyzeshistorical financial performance, trends and technologicalchanges in the business, sensitivities to economic factors,and other factors which may affect the future economics ofthe business. The sub-adviser strives to select companieswith industry leadership, strong management, growingprofits and potential for capital appreciation.

The Fund may invest in a broad range of marketcapitalizations but tends to focus on mid to largecapitalization companies. Although diversified by country,industry and company, the Fund’s portfolio is focused andconcentrated.

Subject to compliance with applicable regulatory notice andregistration and proficiency requirements, the Fund ispermitted, but not required, to use derivatives like options,futures, forward contracts, swaps, index participation unitsand other similar instruments for hedging and non-hedgingpurposes and for the purpose of making a profit providedthe use of derivatives is consistent with the Fund’s objectivesand is permitted by Canadian securities laws. The Fund mayimplement hedging strategies. See “Risks of UsingDerivatives” for a description of the nature of each typeof derivative which may be used. The Fund may from time totime use these instruments to, among other reasons, gainexposure to the underlying securities, indexes or currencieswithout investing in them directly, manage risks andimplement investment strategies more efficiently.Derivatives can only be used if sufficient cash or cash-equivalent securities are held by the Funds in order thata leveraged portfolio cannot be created. Investing in andusing derivative instruments are subject to certain risks. See“Risks of Using Derivatives.” No derivatives have been usedby the Fund to date.

The Fund is permitted to invest some of its assets insecurities of other mutual funds, including other mutualfunds managed by the Manager or an affiliate or associate ofthe Manager or securities of a foreign mutual fund,provided such investment is consistent with the Fund’sobjective and is permitted by Canadian securities laws.See “Risks of Investments in Other Mutual Funds.” Withthe exception of index participation units, the Fund doesnot intend to purchase securities of, or enter into specified

• 49 •

derivative transactions for which the underlying interest isbased on the securities of, other mutual funds.

The Fund is permitted to enter into repurchase agreementsand, subject to providing 60 days advance written notice toinvestors, the Fund may enter into reverse repurchase andsecurities lending agreements. The Fund does not currentlyintend to enter into reverse repurchase agreements orsecurities lending agreements. See “Risks of UsingRepurchase, Reverse Repurchase and Securities LendingAgreements” for a description of the nature of each type ofagreement which may be used. The Fund may from time totime use repurchase, reverse repurchase and securitieslending agreements to maximize returns and for temporarydefensive purposes in response to adverse market,economic or political conditions. To the extent the Fundis in a defensive position, the Fund may lose the benefit ofupswings and limit its ability to meet its investmentobjective. Investing in and using repurchase, reverserepurchase and securities lending agreements are subjectto certain risks. See “Risks of Using Repurchase, ReverseRepurchase and Securities Lending Agreements.” TheFund will limit these transactions to parties that have, inthe opinion of the Manager and its portfolio sub-advisers,adequate resources and financial strength.

From time to time the Fund may invest some or all of itsassets in cash or high quality money market securities fortemporary defensive purposes in response to adversemarket, economic or political conditions. To the extentthe Fund is in a defensive position, the Fund may losethe benefit of upswings and limit its ability to meet itsinvestment objective.






• Market Risk;





• Series Risk.


Who Should Invest In This Fund?

This Fund is intended for those investors seeking growth ofcapital associated with quality growth companies worldwide.This Fund may be suitable if you are investing for the longerterm and are willing to accept a moderate degree of risk.

Distribution PolicyIncome tax legislation allows a qualifying mutual fund toelect to have a taxation year end of December 15 instead of

December 31. The Fund has made such an election. TheFund distributes the income earned by the Fund and thenet capital gains made by the Fund at least annually on a daybetween December 15 and December 31 to ensure there isno income tax payable by the Fund under the Tax Act. Thetiming of such distributions is within the discretion of theManager. Additional distributions may be made at theManager’s discretion. Distributions paid by the Fund onunits (other than Series T(A) units or Series T(B) units) areautomatically reinvested in whole or fractional units of theFund unless the unitholder makes a written request forpayments in cash.








The character, for Canadian tax purposes, of monthlydistributions made on Series T(A) units and Series T(B)units during the year will not be determined with certainty

• 50 •

until after the end of the Fund’s taxation year. Distributionson Series T(A) units and Series T(B) units are notguaranteed to occur on a specific date and the Fund isnot responsible for any fees or charges incurred by youbecause the Fund did not effect a distribution on aparticular day.

Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain, in respect of Series Bunits and Series D units, as set out on page 22 and, in respectof Series A units, Series F units, Series T(A) units andSeries T(B) units, as that incurred in respect of the Fund’sfinancial year ended December 31, 2009. Please also see“Fees and Expenses Payable Directly by You”. Noinformation is provided in respect of Series I units asmanagement fees for Series I units are negotiated and paiddirectly by the investor, not by the Fund (which fees will notexceed the management fees applicable to the Series Dunits).



Series B units $26.65 $84.01 $147.26 $335.20

Series D units $20.50 $64.63 $113.28 $257.85

Series F units $15.38 $48.47 $ 84.96 $193.39

Series T(A) units $24.09 $75.94 $133.10 $302.97

Series T(B) units $26.65 $84.01 $147.26 $335.20

• 51 •

HARTFORD INTERNATIONAL EQUITY FUND

Fund Details

Type of Fund International Equity

Start Date Series A, Series B, Series F,Series I, Series T(A) andSeries T(B) – September 25,2008

Securities Offered Six series of units of amutual fund trust, namelySeries A units, Series Bunits, Series F units, Series Iunits, Series T(A) units andSeries T(B) units


Portfolio Sub-Adviser Black Creek InvestmentManagement Inc., Toronto,Ontario(1)

Notes: (1) The Manager is responsible for the investment advice andportfolio management services provided by the portfolio sub-adviser.


Investment ObjectiveThe fundamental investment objective of HartfordInternational Equity Fund is to seek long-term capitalgrowth by investing primarily in equity securities ofcompanies located outside of Canada and the United States.


Investment StrategyTo fulfill this objective, the Fund will primarily invest in aportfolio of equity securities of companies domiciled incountries outside of Canada and the United States,including companies located in emerging markets. It mayinvest in small, medium and large companies, and may holdcash and cash-equivalent securities. Although diversified bycountry, industry and company, the Fund’s portfolio mayhold larger positions in a smaller number of securities.

When selecting securities for the Fund, the sub-adviserevaluates the merits of each company in terms of itsleadership position within its industry, the strength ofmanagement, profit growth and the potential for capitalappreciation. In order to develop a proprietary view of thecompany, the sub-adviser also considers overall macro-economic conditions, historical financial performance ofthe company, trends and technological changes in the

business, sensitivity to economic factors as well as otherfactors which may affect the future economics of thebusiness.

Subject to compliance with applicable regulatory notice andregistration and proficiency requirements, the Fund ispermitted, but not required, to use derivatives like options,futures, forward contracts, swaps, index participation unitsand other similar instruments for hedging and non-hedgingpurposes and for the purpose of making a profit providedthe use of derivatives is consistent with the Fund’s objectivesand is permitted by Canadian securities laws. See “Risks ofUsing Derivatives” for a description of the nature of eachtype of derivative which may be used. The Fund may fromtime to time use these instruments to, among other reasons,gain exposure to the underlying securities, indexes orcurrencies without investing in them directly, manage risksand implement investment strategies more efficiently.Derivatives can only be used if sufficient cash or cash-equivalent securities are held by the Fund in order that aleveraged portfolio cannot be created. Investing in andusing derivative instruments are subject to certain risks.See “Risks of Using Derivatives.” At present, the Fundintends to use derivatives only for currency hedgingpurposes.

Subject to providing 60 days advance written notice toinvestors, the Fund may enter into repurchase, reverserepurchase and securities lending agreements. The Funddoes not currently intend to enter into repurchase, reverserepurchase or securities lending agreements. See “Risks ofUsing Repurchase, Reverse Repurchase and SecuritiesLending Agreements” for a description of the nature ofeach type of agreement which may be used. The Fund mayfrom time to time use repurchase, reverse repurchase andsecurities lending agreements to maximize returns and fortemporary defensive purposes in response to adversemarket, economic or political conditions. To the extentthe Fund is in a defensive position, the Fund may losethe benefit of upswings and limit its ability to meet itsinvestment objective. Investing in and using repurchase,reverse repurchase and securities lending agreements aresubject to certain risks. See “Risks of Using Repurchase,Reverse Repurchase and Securities Lending Agreements.”The Fund will limit these transactions to parties that have, inthe opinion of the Manager and its portfolio sub-advisers,adequate resources and financial strength.

The Fund is permitted to invest some of its assets insecurities of other mutual funds, including other mutualfunds managed by the Manager or an affiliate or associate ofthe Manager or securities of a foreign mutual fund,provided such investments are permitted by Canadiansecurities laws. The sub-adviser will select such investmentsbased on the Fund’s investment objective. See “Risks ofInvestments in Other Mutual Funds.” At present, the Funddoes not invest in securities of other mutual funds.

From time to time the Fund may invest some or all of itsassets in cash or high quality money market securities fortemporary defensive purposes in response to adversemarket, economic or political conditions. To the extent

• 52 •

the Fund is in a defensive position, the Fund may lose thebenefit of upswings and limit its ability to meet itsinvestment objective.



• Concentration Risk;



• Investments in Small and Mid-Sized Companies

• Market Risk;





• Series Risk.


Who Should Invest In This Fund?This Fund is intended for those investors seeking capitalgrowth associated with quality companies located primarilyoutside of Canada and the United States. This Fund may besuitable if you are investing for the longer term and arewilling to accept a moderate degree of risk.

Distribution PolicyIncome tax legislation allows a qualifying mutual fund toelect to have a taxation year end of December 15 instead ofDecember 31. The Fund has made such an election. TheFund distributes the income earned by the Fund and thenet capital gains made by the Fund at least annually on a daybetween December 15 and December 31 to ensure there isno income tax payable by the Fund under the Tax Act. Thetiming of such distributions is within the discretion of theManager. Additional distributions may be made at theManager’s discretion. Distributions paid by the Fund onunits (other than Series T(A) units or Series T(B) units) areautomatically reinvested in whole or fractional units of theFund unless the unitholder makes a written request forpayments in cash.


At the beginning of each year, we will determine an annualdistribution rate for Series T(A) units and Series T(B) units,which will be expressed as a fixed amount per unit. Thecurrent intention is to distribute approximately 6% of thenet asset value per unit of the Series T(A) and Series T(B)

units each year, based on the net asset value per unit of theseries as at December 31st of the previous year. Thisdistribution amount for any series of units may be changed,depending upon market conditions and the impact of thedistribution on the Fund.







Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain the same as thatincurred in respect of the Fund’s financial year endedDecember 31, 2009. Please also see “Fees and ExpensesPayable Directly by You”. No information is provided inrespect of Series I units as management fees for Series Iunits are negotiated and paid directly by the investor, not bythe Fund (which fees will not exceed the management feesapplicable to the Series A units).

• 53 •



Series B units $26.65 $84.01 $147.26 $335.20

Series F units $15.38 $48.47 $ 84.96 $193.39

Series T(A) units $24.09 $75.94 $133.10 $302.97

Series T(B) units $26.65 $84.01 $147.26 $335.20

• 54 •

HARTFORD U.S. DIVIDEND GROWTH FUND

Fund Details

Type of Fund U.S. Dividend

Start Date June 13, 2006 (July 7, 2008for Series T(A) units andSeries T(B) units)



Portfolio Sub-Adviser Greystone ManagedInvestments Inc., Regina,Saskatchewan(2)




Investment ObjectiveThe fundamental investment objective of HartfordU.S. Dividend Growth Fund is to provide modest long-termcapital appreciation and dividend income by investing in anactively managed portfolio of primarily U.S. equities.

To fulfill its objective, the investment policy of the Fund is toinvest a majority of the Fund’s assets in a diversifiedportfolio of U.S. equities and, to a lesser extent, U.S. equityequivalents, focusing primarily on larger capitalizationcompanies with high dividend yields and predictable levelsof profitability. Emphasis is also placed on earnings qualityand financial strength all of which facilitate dividendgrowth.


Investment StrategyThe Fund’s sub-adviser follows a focused investmentstrategy by normally causing the Fund to hold a diversifiedportfolio of approximately 25 selected equities. Typically,

the sub-adviser attempts to produce a modest long-termcapital appreciation and dividend income by selecting abase of mature companies with predictable levels ofprofitability. The sub-adviser favours U.S. companies thatshow financial strength, balanced by a desire for the Fund’sportfolio to show above-average growth rates.

The sub-adviser’s disciplined approach uses bothquantitative and qualitative tools to build an income-oriented portfolio. The portfolio management processfocuses on mature companies with high dividend yieldsand predictable levels of profitability, which will facilitatedividend growth into the future. Emphasis is also placed onearnings quality and financial strength. Analysis isundertaken in the context of the overall market andaccordingly growth characteristics are assessed on a relativebasis.

The sub-adviser’s quantitative tools automatically identifythose companies worthy of personal attention. The sub-adviser supplements quantitative information with an in-depth knowledge of the companies in each industry and itseconomic requirements.

An equity security is more likely to be included in the Fund’sportfolio if its profitability is greater than the market and ifrealized results meet or exceed market expectations. TheFund’s portfolio is built from the bottom-up as newcompanies replace holdings whose growth in the opinionof the sub-adviser show deterioration.

Income on equities in the Fund comes from selecting a baseof companies that exhibit predictable levels of profitability.More specifically, the sub-adviser looks for companies withearnings growth, because rising earnings mean a currentincome stream that could be used to fund dividends andoften the capital appreciation of higher stock prices.

Subject to compliance with applicable regulatory notice andregistration and proficiency requirements, the Fund ispermitted, but not required, to use derivatives like options,futures, forward contracts, swaps, index participation unitsand other similar instruments for hedging and non-hedgingpurposes and for the purpose of making a profit providedthe use of derivatives is consistent with the Fund’s objectivesand is permitted by Canadian securities laws. The Fund mayimplement hedging strategies. See “Risks of UsingDerivatives” for a description of the nature of each typeof derivative which may be used. The Fund may from time totime use these instruments to, among other reasons, gainexposure to the underlying securities, indexes or currencieswithout investing in them directly, manage risks andimplement investment strategies more efficiently.Derivatives can only be used if sufficient cash or cash-equivalent securities are held by the Fund in order that aleveraged portfolio cannot be created. Investing in andusing derivative instruments are subject to certain risks.See “Risks of Using Derivatives.” No derivatives have beenused by the Fund to date.

The Fund is permitted to invest some of its assets innon-U.S. equities.

• 55 •





• Cash Deposit Risk;• Interest Rate Sensitive Securities;



• Market Risk;





• Series Risk.


Large UnitholdersAs at April 16, 2010, the only unitholder of the Fund which,to the knowledge of the Manager, beneficially held morethan 10% of the units of the Fund was Hartford Life &Accident Insurance Company, which held 10.50% of theoutstanding units of the Fund.

Who Should Invest In This Fund?This Fund is intended for those investors seeking capitalpreservation and modest capital appreciation throughinvestments in high quality U.S. equities. This Fund maybe suitable if you are investing for the longer term and arewilling to accept a moderate degree of risk.

Distribution PolicyIncome tax legislation allows a qualifying mutual fund toelect to have a taxation year end of December 15 instead ofDecember 31. The Fund has made such an election. TheFund distributes the income earned by the Fund and thenet capital gains made by the Fund at least annually on a daybetween December 15 and December 31 to ensure there isno income tax payable by the Fund under the Tax Act. Inaddition, the Fund intends to distribute income earned bythe Fund at the end of March, June and September of eachyear. The timing of such distributions is within thediscretion of the Manager. Additional distributions maybe made at the Manager’s discretion. Distributions paidby the Fund on units (other than Series T(A) units orSeries T(B) units) are automatically reinvested in wholeor fractional units of the Fund unless the unitholder makesa written request for payments in cash.





Management fee distributions (where applicable) will becalculated and credited daily and distributed quarterly oron such other basis as the Manager may determine.Management fee distributions will generally be paid firstout of net income and/or net capital gains of the Fund and

• 56 •

otherwise as a return of capital. Where a unitholder who isentitled to management fee distributions redeems all of theapplicable units, any unpaid management fee distributionsshall be paid in cash at the time of the redemption ratherthan being reinvested in units.




Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain the same as thatincurred in respect of the Fund’s financial year endedDecember 31, 2009. Please also see “Fees and ExpensesPayable Directly by You”. No information is provided inrespect of Series I units, as management fees for Series Iunits are negotiated and paid directly by the investor, not bythe Fund (which fees will not exceed the management feesapplicable to the Series D units).



Series B units $25.63 $80.78 $141.59 $322.31

Series D units $20.50 $64.63 $113.28 $257.85

Series F units $15.38 $48.47 $ 84.96 $193.39

Series T(A) units $23.06 $72.70 $127.43 $290.08

Series T(B) units $25.63 $80.78 $141.59 $322.31

• 57 •

HARTFORD U.S. STOCK FUND

Fund Details

Type of Fund U.S. Equity

Start Date May 1, 2000 (February 1,2005 for Series A units andJune 13, 2006 for Series Funits and Series I units)

Securities Offered Five series of units of amutual fund trust namelySeries A units, Series Bunits, Series D units(1),Series F units and Series Iunits


Portfolio Sub-Adviser Wellington ManagementCompany, LLP, Boston,Massachusetts(2)




Investment ObjectiveThe fundamental investment objective of HartfordU.S. Stock Fund is to seek long-term growth of capital, withincome as a secondary consideration, by investing primarilyin United States equity securities.

To fulfil its objective, the investment policy of the Fund is toinvest primarily in equities of high-quality U.S. companies.


Investment StrategyThe Fund will normally invest at least 80% of the Fund’sassets in the common stock of high quality United Statescompanies. The Fund’s diversified portfolio of primarilyUnited States equity securities are evaluated using what issometimes referred to as a “bottom-up” approach, which isthe use of fundamental analysis to identify specific securitiesfor purchase or sale. Fundamental analysis of a company

involves the assessment of such factors as its businessenvironment, management quality, balance sheet, incomestatement, anticipated earnings, revenues and dividendsand other related measures or indicators of value.

The key characteristics of companies favoured by the sub-adviser include a leadership position within an industry, astrong balance sheet, an acceleration in growth rates, a highreturn on equity, a strong management team and a globallycompetitive position. The Fund may also invest incompanies that the sub-adviser believes have beenexcessively devalued by the market, provided there is acatalyst that could lead to an improvement in stock price.

The Fund may invest up to 20% of its total assets innon-U.S. equity securities. The Fund may invest in a broadrange of market capitalizations but tends to focus on largecapitalization companies.



The Fund is permitted to enter into repurchase agreementsand, subject to providing 60 days advance written notice toinvestors, the Fund may enter into reverse repurchase andsecurities lending agreements. The Fund does not currentlyintend to enter into reverse repurchase agreements orsecurities lending agreements. See “Risks of UsingRepurchase, Reverse Repurchase and Securities LendingAgreements” for a description of the nature of each type ofagreement which may be used. The Fund may from time totime use repurchase, reverse repurchase and securities

• 58 •

lending agreements to maximize returns and for temporarydefensive purposes in response to adverse market,economic or political conditions. To the extent the Fundis in a defensive position, the Fund may lose the benefit ofupswings and limit its ability to meet its investmentobjective. Investing in and using repurchase, reverserepurchase and securities lending agreements are subjectto certain risks. See “Risks of Using Repurchase, ReverseRepurchase and Securities Lending Agreements.” TheFund will limit these transactions to parties that have, inthe opinion of the Manager and its portfolio sub-advisers,adequate resources and financial strength.

From time to time the Fund may invest some or all of itsassets in cash or high quality money market securities fortemporary defensive purposes in response to adversemarket, economic or political conditions. To the extentthe Fund is in a defensive position, the Fund may losethe benefit of upswings and limit its ability to meet itsinvestment objective. The Fund’s portfolio turnover ratemay be higher than 70%. The higher a Fund’s portfolioturnover rate:• the greater the chance you may receive taxable capital

gains; and







• Market Risk;





• Series Risk.


Who Should Invest In This Fund?This Fund is intended for those investors seeking growth ofcapital associated primarily with large capitalizationU.S. equities. This Fund may be suitable if you are investingfor the longer term and are willing to accept a moderatedegree of risk.

Distribution PolicyIncome tax legislation allows a qualifying mutual fund toelect to have a taxation year end of December 15 instead ofDecember 31. The Fund has made such an election. TheFund distributes the income earned by the Fund and thenet capital gains made by the Fund at least annually on orabout the last day of the Fund’s taxation year to ensure there

is no income tax payable by the Fund under the Tax Act. Thetiming of such distributions is within the discretion of theManager. Additional distributions may be made at theManager’s discretion. Distributions paid by a Fund on unitsare automatically reinvested in whole or fractional units ofthe Fund unless the unitholder makes a written request forpayments in cash.





Allocations of distributions among series of units aregenerally made based upon the income and capital gainsof the Fund attributable to each series of units. Theseallocations vary between series to reflect different net assetvalues, management fees and other special expenses, if any.The Fund may distribute capital at any time.

Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain, in respect of Series Bunits and Series D units, as set out on page 22 and, in respectof Series A units and Series F units as that incurred inrespect of the Fund’s financial year ended December 31,2009. Please also see “Fees and Expenses Payable Directly byYou”. No information is provided in respect of Series I unitsas management fees for Series I units are negotiated andpaid directly by the investor, not by the Fund (which fees willnot exceed the management fees applicable to the Series Dunits).



Series B units $26.65 $84.01 $147.26 $335.20

Series D units $20.50 $64.63 $113.28 $257.85

Series F units $15.38 $48.47 $ 84.96 $193.39

• 59 •

HARTFORD CANADIAN DIVIDEND FUND

Fund Details

Type of Fund Canadian Dividend

Start Date September 1, 2004(February 1, 2005 forSeries A units, June 13, 2006for Series F units andSeries I units and July 7,2008 for Series T(A) unitsand Series T(B) units)



Portfolio Sub-Adviser Beutel, Goodman &Company Ltd., Toronto,Ontario(2)




Investment ObjectiveThe fundamental investment objective of HartfordCanadian Dividend Fund is to achieve a balance betweenhigh dividend income and capital growth by investingmainly in a diversified portfolio of Canadian commonstocks that are paying a dividend or are expected to pay adividend and, to a lesser extent, in high-yield preferredshares and interest bearing securities.

To fulfill its objective, the investment policy of the Fund is toinvest a majority of the Fund’s total assets in a diversifiedportfolio primarily composed of shares of free cash flowgenerating Canadian companies providing a stable incomestream and trading at a significant discount to their intrinsicvalue.

The fundamental investment objective of the Fund iscontained and/or incorporated by reference in itsDeclaration of Trust. It may be changed by the Manageronly with the sanction of a resolution passed by a majority ofthe votes cast at a meeting of the unitholders of the Fund

duly convened for that purpose and held in accordance withthe applicable provisions of its Declaration of Trust.

Investment StrategyThe sub-adviser focuses on the Fund investing in securitieswith strong fundamentals, a record of dividend payments,potential for dividend increases or an expectation ofdividend payments within 6 to 12 months. The sub-adviserdirects research efforts to identify free cash flow generatingcompanies trading at a sufficient discount to their intrinsicvalue. The sub-adviser uses quantitative and qualitativemethods in the stock selection process. The sub-adviserchooses the investments by seeking out reputable stocksthat are undervalued on the market compared to their trueworth, focusing on small, mid and large capitalizationCanadian corporations in a variety of industries whilefavouring equity securities, including preferred stock, thatprovide a stable income. The sub-adviser employs a bottom-up investment approach in constructing the investmentportfolio of the Fund.

From time-to-time, the Fund may also purchase Canadiandebt securities, both governmental and corporate. TheFund may also purchase equity securities of foreigncorporations and debt securities of foreign corporationsand governmental entities provided that the Fund may onlyinvest a maximum of 30% of its assets (book value) inforeign securities.



• 60 •




• Cash Deposit Risk;• Income Trust Risk;




• Market Risk;





• Series Risk.


Who Should Invest In This Fund?This Fund is intended for those investors seeking currentincome balanced by the prospect of capital growth throughinvestments in dividend paying Canadian equity securities.This Fund may be suitable if you are investing for a mediumto longer term and are willing to accept a moderate degreeof risk.

Distribution PolicyIncome tax legislation allows a qualifying mutual fund toelect to have a taxation year end of December 15 instead ofDecember 31. The Fund has made such an election. The

Fund distributes the income earned by the Fund and thenet capital gains made by the Fund at least annually on a daybetween December 15 and December 31 to ensure there isno income tax payable by the Fund under the Tax Act. Inaddition, the Fund intends to distribute income earned bythe Fund at the end of March, June and September of eachyear. The timing of such distributions is within thediscretion of the Manager. Additional distributions maybe made at the Manager’s discretion. Distributions paidby the Fund on units (other than Series T(A) units orSeries T(B) units) are automatically reinvested in wholeor fractional units of the Fund unless the unitholder makesa written request for payments in cash.








The character, for Canadian tax purposes, of monthlydistributions made on Series T(A) units and Series T(B)

• 61 •

units during the year will not be determined with certaintyuntil after the end of the Fund’s taxation year. Distributionson Series T(A) units and Series T(B) units are notguaranteed to occur on a specific date and the Fund isnot responsible for any fees or charges incurred by youbecause the Fund did not effect a distribution on aparticular day.

Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain the same as thatincurred in respect of the Fund’s financial year endedDecember 31, 2009. Please also see “Fees and ExpensesPayable Directly by You”. No information is provided inrespect of Series I units as management fees for Series Iunits are negotiated and paid directly by the investor, not bythe Fund (which fees will not exceed the management feesapplicable to the Series D units).



Series B units $25.63 $80.78 $141.59 $322.31

Series D units $20.50 $64.63 $113.28 $257.85

Series F units $15.38 $48.47 $ 84.96 $193.39

Series T(A) units $23.06 $72.70 $127.43 $290.08

Series T(B) units $25.63 $80.78 $141.59 $322.31

• 62 •

HARTFORD CANADIAN DIVIDEND GROWTH FUND

Fund Details

Type of Fund Canadian Dividend

Start Date September 1, 2004(February 1, 2005 forSeries A units and June 13,2006 for Series F units andSeries I units)

Securities Offered(1) Five series of units of amutual fund trust namelySeries A units, Series Bunits, Series D units,Series F units and Series Iunits



Notes: (1) Effective May 9, 2008, Series D units of this Fund wereclosed to new subscriptions other than purchases throughsystematic investment programs or systematic transfer plansestablished prior to May 9, 2008 and automaticallyreinvested distributions.



Investment ObjectiveThe fundamental investment objective of HartfordCanadian Dividend Growth Fund is to provide primarily apredictable stream of income and, secondarily, modestlong-term capital appreciation, by investing in an activelymanaged portfolio of primarily Canadian stocks.

To fulfill its objective, the investment policy of the Fund is toinvest a majority of the Fund’s total assets in a diversifiedportfolio of primarily Canadian stocks and equivalentsecurities with high dividend yields that have predictablelevels of profitability and earnings which facilitate dividendgrowth.


Investment StrategyThe Fund’s sub-adviser follows a focused investment strategyby normally causing the Fund to hold a diversified portfolioof approximately 25 selected stocks. Typically, the sub-adviser

attempts to produce superior dividend income and modestlong-term capital appreciation by selecting a base of maturecompanies with predictable and growing levels ofprofitability. The sub-adviser favours Canadian companiesthat show financial strength, balanced by a desire for theFund’s portfolio to show above-average growth rates.

The sub-adviser’s disciplined approach uses bothquantitative and qualitative tools to build an income-oriented portfolio. By using carefully selected factors, thesub-adviser screens the entire Canadian market every day toisolate possible opportunities.

The sub-adviser’s quantitative tools automatically identifythose companies worthy of personal attention. The sub-adviser supplements quantitative information with an in-depth knowledge of the companies in each industry and itseconomic requirements.

A security is more likely to be included in the Fund’sportfolio if its profitability is growing faster than the marketrate and if realized results meet or exceed marketexpectations. The Fund’s portfolio is built from thebottom-up as new companies replace holdings whosegrowth in the opinion of the sub-adviser showsdeterioration.

Reliable income on equities in the Fund comes fromselecting a base of companies that exhibit predictableand growing levels of profitability. More specifically, thesub-adviser looks for stocks with earnings growth, becauserising earnings mean a current income stream that could beused to fund dividends and often the capital appreciation ofhigher stock prices.

The Fund may invest a maximum of 30% of its assets (bookvalue) in foreign securities.


The Fund is permitted to invest some of its assets insecurities of other mutual funds, including other mutualfunds managed by the Manager or an affiliate or associate ofthe Manager or securities of a foreign mutual fund,

• 63 •

provided such investment is consistent with the Fund’sobjective and is permitted by Canadian securities laws.See “Risks of Investments in Other Mutual Funds.” Withthe exception of index participation units, the Fund doesnot intend to purchase securities of, or enter into specifiedderivative transactions for which the underlying interest isbased on the securities of, other mutual funds.





• Income Trust Risk;




• Market Risk;





• Series Risk.


Who Should Invest In This Fund?This Fund is intended for those investors seeking incomeand the potential for modest capital appreciation throughinvestments in Canadian equity securities. This Fund may be

suitable if you are investing for the longer term and arewilling to accept a moderate degree of risk.

Distribution PolicyIncome tax legislation allows a qualifying mutual fund toelect to have a taxation year end of December 15 instead ofDecember 31. The Fund has made such an election. TheFund distributes the income earned by the Fund and thenet capital gains made by the Fund at least annually on a daybetween December 15 and December 31 to ensure there isno income tax payable by the Fund under the Tax Act. Inaddition, the Fund intends to distribute income earned bythe Fund at the end of March, June and September of eachyear. The timing of such distributions is within thediscretion of the Manager. Additional distributions maybe made at the Manager’s discretion. Distributions paidby a Fund on units are automatically reinvested in whole orfractional units of the Fund unless the unitholder makes awritten request for payments in cash.






Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain the same as thatincurred in respect of the Fund’s financial year endedDecember 31, 2009. Please also see “Fees and ExpensesPayable Directly by You”. No information is provided inrespect of Series I units as management fees for Series Iunits are negotiated and paid directly by the investor, not by

• 64 •

the Fund (which fees will not exceed the management feesapplicable to the Series D units).



Series B units $25.63 $80.78 $141.59 $322.31

Series D units $20.50 $64.63 $113.28 $257.85

Series F units $15.38 $48.47 $ 84.96 $193.39

• 65 •

HARTFORD CANADIAN STOCK FUND

Fund Details

Type of Fund Canadian Equity








Investment ObjectiveThe fundamental investment objective of HartfordCanadian Stock Fund is to seek long-term growth of capitaland current income by investing primarily in Canadianequity securities.

To fulfil its objective, the investment policy of the Fund is toinvest a majority of the Fund’s total assets in a diversifiedportfolio of primarily Canadian stocks and equivalentsecurities, and Canadian securities convertible into stocks.


Investment StrategyThe sub-adviser uses both quantitative and qualitativemethods to evaluate a security for purchase or sale by theFund. An internally developed quantitative process of the

sub-adviser is utilized to screen the market on an ongoingbasis to isolate possible opportunities for the Fund. Thequantitative process considers various factors for screeningsecurities, including earnings-per-share momentum,earnings surprise and quarterly earnings revisions relatedto a particular issuer. The quantitative process provides thesub-adviser potential targets for further review and ultimateconsideration for inclusion in the Fund’s portfolio.

The sub-adviser then supplements quantitative informationwith its in-depth knowledge of the companies in eachindustry and its economic requirements in deciding toadd or remove a security from the Fund’s portfolio. Theprimary consideration when adding a stock is confidence ina company’s ability to grow its earnings and therefore agrowing ability to pay income. In addition, a large emphasisis placed on quality and sustainability of earnings growth.Consideration is also made to the market environment,therefore allowing earnings growth to be measured on arelative basis. The emphasis on a company’s quality ofearnings and its ability to grow earnings is expected toresult in a portfolio of securities that will generate dividendincome.

The Fund’s portfolio is broadly diversified by industry andcompany. The Fund may invest a maximum of 30% of itsassets (book value) in foreign securities. Once securities areacquired for the Fund, they are continuously monitored forchanges in performance outlook. This means tracking andranking daily the latest valuations, sales, cash flow, earningssurprises, etc. In the event of a holding falling below athreshold, the investment is formally reviewed. Similar tobuy decisions, decisions to sell portfolio securities of theFund are made after qualitative assessment.


The Fund is permitted to invest some of its assets insecurities of other mutual funds, including other mutualfunds managed by the Manager or an affiliate or associate ofthe Manager or securities of a foreign mutual fund,provided such investment is consistent with the Fund’s

• 66 •

objective and is permitted by Canadian securities laws. See“Risks of Investments in Other Mutual Funds.” With theexception of index participation units, the Fund does notintend to purchase securities of, or enter into specifiedderivative transactions for which the underlying interestis based on the securities of, other mutual funds.

The Fund is permitted to enter into repurchase agreementsand, subject to providing 60 days advance written notice toinvestors, the Fund may enter into reverse repurchase andsecurities lending agreements. The Fund does not currentlyintend to enter into reverse repurchase agreements andsecurities lending agreements. See “Risks of UsingRepurchase, Reverse Repurchase and Securities LendingAgreements” for a description of the nature of each type ofagreement which may be used. The Fund may from time totime use repurchase, reverse repurchase and securitieslending agreements to maximize returns and for temporarydefensive purposes in response to adverse market,economic or political conditions. To the extent the Fundis in a defensive position, the Fund may lose the benefit ofupswings and limit its ability to meet its investmentobjective. Investing in and using repurchase, reverserepurchase and securities lending agreements are subjectto certain risks. See “Risks of Using Repurchase, ReverseRepurchase and Securities Lending Agreements.” TheFund will limit these transactions to parties that have, inthe opinion of the Manager and its portfolio sub-advisers,adequate resources and financial strength.








• Market Risk;





• Series Risk.


Who Should Invest In This Fund?This Fund is intended for those investors seeking growth ofcapital associated with Canadian equity securities. This

Fund may be suitable if you are investing for the longerterm and are willing to accept a moderate degree of risk.








Allocations of distributions on account of income andcapital gains among series of units are generally made basedupon the income and capital gains of the Fund attributableto each series of units. These allocations vary between series

• 67 •

to reflect different net asset values, management fees andother special expenses, if any. The Fund may distributecapital at any time on one or more series of units.


Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain, in respect of Series Bunits and Series D units, as set out on page 22 and, in respectof Series A units, Series F units, Series T(A) units andSeries T(B) units, as that incurred in respect of the Fund’sfinancial year ended December 31, 2009. Please also see“Fees and Expenses Payable Directly by You”. Noinformation is provided in respect of Series I units asmanagement fees for Series I units are negotiated and paiddirectly by the investor, not by the Fund (which fees will notexceed the management fees applicable to the Series Dunits).



Series B units $25.63 $80.78 $141.59 $322.31

Series D units $20.50 $64.63 $113.28 $257.85

Series F units $15.38 $48.47 $ 84.96 $193.39

Series T(A) units $23.06 $72.70 $127.43 $290.08

Series T(B) units $25.63 $80.78 $141.59 $322.31

• 68 •

HARTFORD CANADIAN VALUE FUND

Fund Details


Start Date September 1, 2004(February 1, 2005 forSeries A units, June 13, 2006for Series F units andSeries I units and July 7,2008 for Series T(A) unitsand Series T(B) units)



Portfolio Sub-Adviser Beutel, Goodman &Company Ltd., Toronto,Ontario(2)




Investment ObjectiveThe fundamental investment objective of HartfordCanadian Value Fund is to seek long-term capitalappreciation by primarily investing in common shares ofestablished Canadian issuers that are undervalued relativeto their intrinsic value.

To fulfill its objective, the investment policy of the Fund is toinvest a majority of the Fund’s total assets in a diversifiedportfolio primarily composed of shares of free cash flowgenerating Canadian companies trading at a significantdiscount to their intrinsic value.


Investment StrategyThe sub-adviser employs a bottom-up investment approachin constructing the investment portfolio of the Fund. Thesub-adviser directs research to identify free cash flowgenerating companies trading at a sufficient discount totheir intrinsic value. The sub-adviser uses quantitative andqualitative methods in the stock selection process andattempts to buy the best economic value in the marketregardless of what sector the issuer operates in. Researchefforts are directed to identify stocks that are undervaluedin relation to the asset or business value of the issuer. Ifshort-term results fall short of expectations, the intrinsicvalue of the underlying assets of the issuer should provideimportant downside protection.




Subject to providing 60 days advance written notice toinvestors, the Fund may enter into repurchase, reverserepurchase and securities lending agreements. The Funddoes not currently intend to enter into repurchase, reverserepurchase or securities lending agreements. See “Risks ofUsing Repurchase, Reverse Repurchase and SecuritiesLending Agreements” for a description of the nature ofeach type of agreement which may be used. The Fund mayfrom time to time use repurchase, reverse repurchase andsecurities lending agreements to maximize returns and for

• 69 •

temporary defensive purposes in response to adversemarket, economic or political conditions. To the extentthe Fund is in a defensive position, the Fund may losethe benefit of upswings and limit its ability to meet itsinvestment objective. Investing in and using repurchase,reverse repurchase and securities lending agreements aresubject to certain risks. See “Risks of Using Repurchase,Reverse Repurchase and Securities Lending Agreements.”The Fund will limit these transactions to parties that have, inthe opinion of the Manager and its portfolio sub-advisers,adequate resources and financial strength.








• Market Risk;





• Series Risk.


Large UnitholdersAs at April 16, 2010, the only unitholder of the Fund which,to the knowledge of the Manager, beneficially held morethan 10% of the units of the Fund was Hartford Life &Accident Insurance Company, which held 11.88% of theunits of the Fund.

Who Should Invest In This Fund?This Fund is intended for those investors seeking growth ofcapital associated with Canadian equity securities perceivedto be under-valued by the broader market. This Fund maybe suitable if you are investing for the longer term and arewilling to accept a moderate degree of risk.

Distribution PolicyIncome tax legislation allows a qualifying mutual fund toelect to have a taxation year end of December 15 instead ofDecember 31. The Fund has made such an election. TheFund distributes the income earned by the Fund and thenet capital gains made by the Fund at least annually on a daybetween December 15 and December 31 to ensure there is

no income tax payable by the Fund under the Tax Act. Thetiming of such distributions is within the discretion of theManager. Additional distributions may be made at theManager’s discretion. Distributions paid by the Fund onunits (other than Series T(A) units or Series T(B) units) areautomatically reinvested in whole or fractional units of theFund unless the unitholder makes a written request forpayments in cash.








The character, for Canadian tax purposes, of monthlydistributions made on Series T(A) units and Series T(B)units during the year will not be determined with certaintyuntil after the end of the Fund’s taxation year. Distributionson Series T(A) units and Series T(B) units are notguaranteed to occur on a specific date and the Fund isnot responsible for any fees or charges incurred by you

• 70 •

because the Fund did not effect a distribution on aparticular day.

Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain the same as thatincurred in respect of the Fund’s financial year endedDecember 31, 2009. Please also see “Fees and ExpensesPayable Directly by You”. No information is provided inrespect of Series I units as management fees for Series Iunits are negotiated and paid directly by the investor, not bythe Fund (which fees will not exceed the management feesapplicable to the Series D units).



Series B units $25.63 $80.78 $141.59 $322.31

Series D units $20.50 $64.63 $113.28 $257.85

Series F units $15.38 $48.47 $ 84.96 $193.39

Series T(A) units $23.06 $72.70 $127.43 $290.08

Series T(B) units $25.63 $80.78 $141.59 $322.31

• 71 •

HARTFORD CANADIAN BALANCED FUND

Fund Details









Investment ObjectiveThe fundamental investment objective of HartfordCanadian Balanced Fund is to seek the growth of long-termtotal return by investing primarily in Canadian stocks,bonds and other debt securities and money marketinstruments.

The equity securities in which the Fund will invest are adiversified portfolio of primarily Canadian stocks andequivalent securities, and Canadian securities convertibleinto stocks.

The debt securities in which the Fund will invest are adiversified portfolio of primarily Canadian fixed incomesecurities, including Canadian federal, provincial ormunicipal government bonds, corporate bonds, asset-backed mortgage securities and short-term money marketinstruments.

The fundamental investment objective of the Fund iscontained and/or incorporated by reference in itsDeclaration of Trust. It may be changed by the Manageronly with the sanction of a resolution passed by a majority ofthe votes cast at a meeting of the unitholders of the Fund

duly convened for that purpose and held in accordance withthe applicable provisions of its Declaration of Trust.

Investment StrategyThe sub-adviser uses both quantitative and qualitativemethods to evaluate equity securities for purchase or salein the same manner employed by Hartford Canadian StockFund.

The fixed income decision making process involves top-down and bottom-up strategies that are based uponfundamentally-oriented qualitative and quantitativeanalysis. Risk will be monitored throughout the processand managed at the portfolio level. The following activemanagement techniques are employed by the sub-adviser:(1) interest rate anticipation; (2) yield curve positioning;(3) sector rotation; (4) credit quality strategies; and(5) individual security selection. The Fund is not restrictedto any specific maturity term.


Asset allocation decisions are based on the sub-adviser’sjudgment of the proposed investment environment forfinancial assets, relative fundamental values, theattractiveness of each asset category and expected futurereturns of each asset category. The sub-adviser does notattempt to engage in short-term market timing among assetcategories, and asset allocation is at the sub-adviser’sdiscretion. As a result, shifts in asset allocation are expectedto be gradual and continuous and the Fund will normallyhave some portion of its assets invested in each asset category.There is no limit on the amount of fund assets that may beallocated to each asset category and the allocation is in thediscretion of the Manager and the sub-adviser.

Subject to compliance with applicable regulatory notice andregistration and proficiency requirements, the Fund ispermitted, but not required, to use derivatives like options,futures, forward contracts, swaps, index participation unitsand other similar instruments for hedging and non-hedgingpurposes and for the purpose of making a profit providedthe use of derivatives is consistent with the Fund’s objectivesand is permitted by Canadian securities laws. The Fund mayimplement hedging strategies. See “Risks of UsingDerivatives” for a description of the nature of each typeof derivative which may be used. The Fund may from time totime use these instruments to, among other reasons, gainexposure to the underlying securities, indexes or currencieswithout investing in them directly, manage risks andimplement investment strategies more efficiently.Derivatives can only be used if sufficient cash or cash-equivalent securities are held by the Funds in order thata leveraged portfolio cannot be created. Investing in andusing derivative instruments are subject to certain risks. See“Risks of Using Derivatives.” The only derivatives used by theFund to date are index participation units (i.e., exchange-traded funds).

The Fund is permitted to invest some of its assets insecurities of other mutual funds, including other mutualfunds managed by the Manager or an affiliate or associate of

• 72 •

the Manager or securities of a foreign mutual fund,provided such investment is consistent with the Fund’sobjective and is permitted by Canadian securities laws.See “Risks of Investments in Other Mutual Funds.” Withthe exception of index participation units, the Fund doesnot intend to purchase securities of, or enter into specifiedderivative transactions for which the underlying interest isbased on the securities of, other mutual funds.

The Fund is permitted to enter into repurchase agreementsand, subject to providing 60 days advance written notice toinvestors, the Fund may enter into reverse repurchase andsecurities lending agreements. The Fund does not currentlyintend to enter into reverse repurchase agreements orsecurities lending agreements. See “Risks of UsingRepurchase, Reverse Repurchase and Securities LendingAgreements” for a description of the nature of each type ofagreement which may be used. The Fund may from time totime use repurchase, reverse repurchase and securitieslending agreements to maximize returns and for temporarydefensive purposes in response to adverse market,economic or political conditions. To the extent the Fundis in a defensive position, the Fund may lose the benefit ofupswings and limit its ability to meet its investmentobjective. Investing in and using repurchase, reverserepurchase and securities lending agreements are subjectto certain risks. See “Risks of Using Repurchase, ReverseRepurchase and Securities Lending Agreements.” TheFund will limit these transactions to parties that have, inthe opinion of the Manager and its portfolio sub-advisers,adequate resources and financial strength.


The Fund’s portfolio turnover rate may be higher than 70%.The higher a Fund’s portfolio turnover rate:

• the greater the chance you may receive taxable capitalgains; and









• Market Risk;





• Series Risk.


Who Should Invest In This Fund?This Fund is intended for those investors seeking growthand income with reduced volatility through diversifiedexposure to both equity and fixed income securities. ThisFund may be suitable if you are investing for a medium tolonger term and are willing to accept a low to moderatedegree of risk.






Management fee distributions (where applicable) will becalculated and credited daily and distributed quarterly oron such other basis as the Manager may determine.Management fee distributions will generally be paid firstout of net income and/or net capital gains of the Fund andotherwise as a return of capital. Where a unitholder who is

• 73 •

entitled to management fee distributions redeems all of theapplicable units, any unpaid management fee distributionsshall be paid in cash at the time of the redemption ratherthan being reinvested in units.




Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain, in respect of Series Bunits, Series D units, as set out on page 22 and, in respect ofSeries A units, Series F units, Series T(A) units andSeries T(B) units, as that incurred in respect of the Fund’sfinancial year ended December 31, 2009. Please also see“Fees and Expenses Payable Directly by You”. Noinformation is provided in respect of Series I units asmanagement fees for Series I units are negotiated and paiddirectly by the investor, not by the Fund (which fees will notexceed the management fees applicable to the Series Dunits).



Series B units $25.63 $80.78 $141.59 $322.31

Series D units $20.50 $64.63 $113.28 $257.85

Series F units $15.38 $48.47 $ 84.96 $193.39

Series T(A) units $23.06 $72.70 $127.43 $290.08

Series T(B) units $25.63 $80.78 $141.59 $322.31

• 74 •

HARTFORD GLOBAL BALANCED FUND

Fund Details

Type of Fund Global Balanced

Start Date January 31, 2007 (July 7,2008 for Series T(A) unitsand Series T(B) units)



Portfolio Sub-Adviser Black Creek InvestmentManagement Inc., Toronto,Ontario and HartfordInvestment ManagementCompany, Hartford,Connecticut(2)


(2) The Manager is responsible for the investment advice andportfolio management services provided by the portfolio sub-advisers. There may be difficulty enforcing any legal rightsagainst Hartford Investment Management Companybecause it is a foreign company and its assets are locatedoutside Canada.


Investment ObjectiveThe fundamental investment objective of Hartford GlobalBalanced Fund is to seek the growth of long-term totalreturn by investing primarily in a balanced portfolio ofequities, convertible and fixed income securities issued bygovernments, supra-national agencies or corporationsanywhere in the world.

To achieve its objective, the investment policy of the Fund isto invest a majority of the Fund’s assets in a portfolioconsisting of equities, convertible and fixed incomeinvestments issued globally.

The global equity securities in which the Fund will invest area diversified portfolio of primarily globally competitivecompanies within growing sectors.

The debt securities in which the Fund will invest are adiversified portfolio of primarily convertible and fixedincome investments issued by governments, corporationsand supra-national organizations throughout the world.


Investment StrategyThe global equities component of the Fund’s portfolio willbe invested by Black Creek Investment Management Inc.(“Black Creek”). Black Creek as sub-adviser takes a long-term view of the world and strives to understand theeconomics and characteristics of different businesses andindustries. Black Creek as sub-adviser analyzes historicalfinancial performance, trends and technological changesin the business, sensitivities to economic factors, and otherfactors which may affect the future economics of thebusiness. Black Creek as sub-adviser strives to selectcompanies with industry leadership, strong management,growing profits and potential for capital appreciation.

The fixed income component of the Fund’s portfolio will beinvested by Hartford Investment Management Company(“Hartford Investment Management”). This fixed incomecomponent of the Fund will primarily be invested in globaldebt securities such as high quality government, non-government and corporate bonds. To a lesser extent, thiscomponent of the Fund may also invest in higher yielding,lower quality fixed income securities as well as other assetclasses including, but not limited to, bank loans or loanparticipation interests in secured, second lien or unsecuredvariable, fixed or floating rate loans, convertible securitiesand preferred stock. Higher yielding, lower quality fixedincome securities may include non-investment grade debtsecurities that are rated below BBB by Standard & Poors (orthe equivalent rating from another rating agency), as well asdebt obligations of issuers located in emerging markets.Hartford Investment Management will endeavour to ensurethat at all times, the average credit quality of the fixedincome component of the portfolio remains investmentgrade. In choosing investments, Hartford InvestmentManagement as sub-adviser uses quantitative and qualitativefactors, including credit analysis, security selection,adjustment of foreign exchange exposure and the Fund’saverage maturity. The investment team uses “top-down”analysis to determine which securities may benefit or beharmed from changes in the economy. The investmentteam then selects individual securities to buy or sell, whichfrom a total return perspective, appear either attractive orunattractive.

Asset allocation decisions are based on the judgment ofboth sub-advisers of the Fund in respect of the proposedinvestment environment for financial assets, relativefundamental values, the attractiveness of each assetcategory and expected future returns of each asset category.The sub-advisers do not attempt to engage in short-termmarket timing among asset categories. There is no limit onthe amount of Fund assets that may be allocated to eachasset category and the allocation is in the discretion of the

• 75 •

Manager and the sub-advisers. As a result, shifts in assetallocation are expected to be gradual and continuous andthe Fund will normally have some portion of its assetsinvested in each asset category.

Subject to compliance with applicable regulatory notice andregistration and proficiency requirements, the Fund ispermitted, but not required, to use derivatives like options,futures, forward contracts, swaps, index participation unitsand other similar instruments for hedging and non-hedgingpurposes and for the purpose of making a profit providedthe use of derivatives is consistent with the Fund’s objectivesand is permitted by Canadian securities laws. The Fund mayimplement hedging strategies. See “Risks of UsingDerivatives” for a description of the nature of each typeof derivative which may be used. The Fund may from time totime use these instruments to, among other reasons, gainexposure to the underlying securities, indexes or currencieswithout investing in them directly, manage risks andimplement investment strategies more efficiently.Derivatives can only be used if sufficient cash or cash-equivalent securities are held by the Funds in order thata leveraged portfolio cannot be created. Investing in andusing derivative instruments are subject to certain risks. See“Risks of Using Derivatives.” The only derivatives used by theFund to date are index participation units (i.e., exchange-traded funds).


Subject to providing 60 days advance written notice toinvestors, the Fund may enter into repurchase, reverserepurchase and securities lending agreements. The Funddoes not currently intend to enter into repurchase, reverserepurchase or securities lending agreements. See “Risks ofUsing Repurchase, Reverse Repurchase and SecuritiesLending Agreement“ for a description of the nature of eachtype of agreement which may be used. The Fund may fromtime to time use repurchase, reverse repurchase andsecurities lending agreements to maximize returns andfor temporary defensive purposes in response to adversemarket, economic or political conditions. To the extent theFund is in a defensive position, the Fund may lose thebenefit of upswings and limit its ability to meet itsinvestment objective. Investing in and using repurchase,reverse repurchase and securities lending agreements aresubject to certain risks. See “Risks of Using Repurchase,Reverse Repurchase and Securities Lending Agreements.”The Fund will limit these transactions to parties that have, inthe opinion of the Manager and its portfolio sub-advisers,adequate resources and financial strength.

From time to time the Fund may invest some or all of itsassets in cash or high quality money market securities for

temporary defensive purposes in response to adversemarket, economic or political conditions. To the extentthe Fund is in a defensive position, the Fund may losethe benefit of upswings and limit its ability to meet itsinvestment objective.



• Cash Deposit Risk

• Credit Risk;




• Market Risk;






• Series Risk.


Who Should Invest In This Fund?This Fund is intended for those investors seeking growthand income with reduced volatility through diversifiedexposure to both global equity and fixed income securitiesversus global equity securities alone. This Fund may besuitable if you are investing for a medium to longer termand are willing to accept a low to moderate degree of risk.


For Series T(A) units and Series T(B) units, the Fundexpects to make monthly distributions of return of capital,which can be paid in cash or reinvested in additional unitsof the Fund at the option of the unitholder. Any additionalincome and capital gains distributed by the Fund must bereinvested in additional units of the Fund. If the cashdistributions to you are greater than the net increase in

• 76 •

value of your investment, the distributions will erode thevalue of your investment.








Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratioduring the periods indicated remain the same as thatincurred in respect of the Fund’s financial year endedDecember 31, 2009. Please also see “Fees and Expenses

Payable Directly by You”. No information is provided inrespect of Series I units as management fees for Series Iunits are negotiated and paid directly by the investor, not bythe Fund (which fees will not exceed the management feesapplicable to the Series D units).



Series B units $26.65 $84.01 $147.26 $335.20

Series D units $20.50 $64.63 $113.28 $257.85

Series F units $15.38 $48.47 $ 84.96 $193.39

Series T(A) units $24.09 $75.94 $133.10 $302.97

Series T(B) units $26.65 $84.01 $147.26 $335.20

• 77 •

HARTFORD CANADIAN BOND FUND

Fund Details

Type of Fund Canadian Bond

Start Date May 1, 2000 (February 1,2005 for Series A units andJune 13, 2006 for Series Funits)

Securities Offered Five series of units of amutual fund trust namelySeries A units, Series Bunits, Series D units(1),Series F units and Series Iunits






Investment ObjectiveThe fundamental investment objective of HartfordCanadian Bond Fund is to seek a high level of currentincome consistent with prudent risk by investing primarilyin high quality Canadian bonds.

To fulfil its fundamental investment objective, theinvestment policy of the Fund is to invest in a wide varietyof Canadian bond issues including Canadian federal,provincial or municipal government bonds, corporatebonds and asset-backed mortgage securities and to investin money market instruments. Although there is nominimum or maximum average term to maturity, the Fundfocuses on intermediate to long term bonds. Theinvestments are primarily denominated in Canadiandollars.


Investment StrategyIn analyzing a prospective investment, the sub-adviser usesquantitative and qualitative factors, including creditanalysis, security selection and adjustment of the Fund’saverage maturity. The Fund may invest a maximum of 30%of its assets (book value) in foreign securities.

The sub-adviser intends to meet the Fund’s investmentobjective by using “top-down” analysis to determine whichindustries may benefit from current and future changes inthe economy. The investment process includes aninvestment strategy about the economic environment usingsuch indicators as global monetary and fiscal policies,current economic data, market sentiment and technicalconditions. The sub-adviser then selects individualsecurities that appear comparatively undervalued withinselected industries by using fundamental analysis to identifyspecific sectors and securities to fulfil the objective of theFund. The sub-adviser assesses such factors as a company’sbusiness environment, balance sheet, income statement,anticipated earnings and management team.

Subject to compliance with applicable regulatory notice andregistration and proficiency requirements, the Fund ispermitted, but not required, to use derivatives like options,futures, forward contracts, swaps, index participation unitsand other similar instruments for hedging and non-hedgingpurposes and for the purpose of making a profit providedthe use of derivatives is consistent with the Fund’s objectivesand is permitted by Canadian securities laws. The Fund mayimplement hedging strategies. See “Risks of UsingDerivatives” for a description of the nature of each typeof derivative that may be used. The Fund may from time totime use these instruments to, among other reasons, gainexposure to the underlying securities, indexes or currencieswithout investing in them directly, manage risks andimplement investment strategies more efficiently.Derivatives can only be used if sufficient cash or cash-equivalent securities are held by the Funds in order thata leveraged portfolio cannot be created. Investing in andusing derivative instruments are subject to certain risks. See“Risks of Using Derivatives.” The only derivatives used by theFund to date are forward currency contracts.


The Fund is permitted to enter into repurchase agreementsand, subject to providing 60 days advance written notice toinvestors, the Fund may enter into reverse repurchase andsecurities lending agreements. The Fund does not currentlyintend to enter into reverse repurchase agreements orsecurities lending agreements. See “Risks of Using

• 78 •

Repurchase, Reverse Repurchase and Securities LendingAgreements” for a description of the nature of each type ofagreement which may be used. The Fund may from time totime use repurchase, reverse repurchase and securitieslending agreements to maximize returns and for temporarydefensive purposes in response to adverse market,economic or political conditions. To the extent the Fundis in a defensive position, the Fund may lose the benefit ofupswings and limit its ability to meet its investmentobjective. Investing in and using repurchase, reverserepurchase and securities lending agreements are subjectto certain risks. See ”Risks of Using Repurchase, ReverseRepurchase and Securities Lending Agreements.” TheFund will limit these transactions to parties that have, inthe opinion of the Manager and its portfolio sub-advisers,adequate resources and financial strength.





• Credit Risk;








• Series Risk.


Who Should Invest In This Fund?This Fund is intended for those investors seeking a highcurrent income from investments primarily in mid to long-term bonds. This Fund may be suitable if you are investingfor a medium term and are willing to accept a low degree ofrisk.

Distribution PolicyIncome tax legislation allows a qualifying mutual fund toelect to have a taxation year end of December 15 instead ofDecember 31. The Fund has made such an election. TheFund distributes the income earned by the Fund and thenet capital gains made by the Fund at least annually on a daybetween December 15 and December 31 to ensure there isno income tax payable by the Fund under the Tax Act. Inaddition, the Fund intends to distribute income earned bythe Fund monthly on or about the last day of the month.

The timing of such distributions is within the discretion ofthe Manager. Additional distributions may be made at theManager’s discretion. Distributions paid by a Fund on unitsare automatically reinvested in whole or fractional units ofthe Fund unless the unitholder makes a written request forpayments in cash.






Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain, in respect of Series Bunits and Series D units, as set out on page 22 and, in respectof Series A units and Series F units, the same as that incurredin respect of the Fund’s financial year ended December 31,2009. Please also see “Fees and Expenses Payable Directly byYou”. No information is provided in respect of Series I unitsas management fees for Series I units are negotiated andpaid directly by the investor, not by the Fund (which fees willnot exceed the management fees applicable to the Series Dunits).



Series B units $17.94 $56.55 $99.12 $225.62

Series D units $12.81 $40.39 $70.80 $161.15

Series F units $10.25 $32.31 $56.64 $128.92

• 79 •

HARTFORD GLOBAL HIGH INCOME FUND

Fund Details

Type of Fund Global Bond

Start Date July 7, 2008

Securities Offered Four series of units of amutual fund trust namelySeries A units, Series Bunits, Series F units andSeries I units



Notes: (1) The Manager is responsible for the investment advice andportfolio management services provided by the portfolio sub-advisers. There may be difficulty enforcing any legal rightsagainst Hartford Investment Management Companybecause it is a foreign company and its assets are locatedoutside Canada.


Investment ObjectiveThe fundamental investment objective of Hartford GlobalHigh Income Fund is to provide a high level of currentincome with the potential for capital appreciation.

To fulfill its objective the investment policy of the Fund is toinvest primarily in global debt securities. This may includehigh quality government, non-government and corporatebonds as well as higher yielding, lower quality fixed incomesecurities including debt obligations of issuers located inemerging markets.


Investment StrategyThe Fund seeks to achieve its goal by investing primarily inglobal debt securities. The Fund focuses its investments,under normal circumstances, in highly rated securities aswell as non-investment grade debt securities and foreigndebt securities. Non-investment grade debt securities arethose securities rated below BBB by Standard & Poor’s (orthe equivalent rating from another rating agency), orsecurities, which if unrated are determined by the Fund’ssub-adviser, Hartford Investment Management Company(“Hartford Investment Management”), to be of comparablequality. Non investment grade debt securities are commonlyreferred to as “high yield” or “junk bonds”. Foreignsecurities are securities issued by foreign governments or

corporations, including issuers located in emergingmarkets. Highly rated securities include, but are not limitedto securities issued by sovereign governments, asset backedsecurities and commercial mortgage backed securities, ineach case rated AA or higher by Standard & Poor’s (or theequivalent rating from another rating agency). In the caseof “split-rated” securities (i.e., securities assigned non-equivalent credit quality ratings, such as Baa by Moody’sbut BB by Standard & Poor’s but B by Fitch) HartfordInvestment Management will determine whether aparticular security is considered investment grade orbelow-investment grade as follows: (a) if all three creditrating agencies have rated a security the median creditrating is used for this determination and (b) if only twocredit rating agencies have rated a security, the lower (i.e.,most conservative) credit rating is used.

The Fund may also invest in other asset classes of Canadianor foreign issuers, including but not limited to bank loans orloan participation interests in secured, second lien orunsecured variable, fixed or floating rate loans, convertiblesecurities, and preferred stock. The Fund may invest in debtsecurities of any maturity.

The Fund will generally hold a diversified portfolio ofinvestments in various sectors, although the Fund is notrequired to invest in all sectors at all times and may invest100% of assets in one sector if conditions warrant providingthat the overall portfolio maintains an investment gradeaverage investment quality rating, defined as BBB or aboveby Standard & Poor’s or the equivalent rating from anotherrating agency.

The overall investment approach of the sub-adviser’s teamemphasizes security selection and maturity management. Inchoosing investments, Hartford Investment Management assub-adviser uses quantitative and qualitative factors,including credit analysis, security selection, adjustment offoreign exchange exposure and the Fund’s averagematurity. The investment team uses “top-down” analysis todetermine which securities may benefit or be harmed fromcurrent and future changes in the economy. The investmentteam then selects individual securities to buy or sell which,from a yield perspective, appear either attractive orunattractive.

Subject to compliance with applicable regulatory notice andregistration and proficiency requirements, the Fund ispermitted, but not required, to use derivatives like options,futures, forward contracts, swaps, index participation unitsand other similar instruments for hedging and non-hedgingpurposes and for the purpose of making a profit providedthe use of derivatives is consistent with the Fund’s objectivesand is permitted by Canadian securities laws. The Fund mayimplement hedging strategies. See “Risks of UsingDerivatives” for a description of the nature of each typeof derivative which may be used. The Fund may from time totime use these instruments to, among other reasons, gainexposure to the underlying securities, indexes or currencieswithout investing in them directly, manage risks andimplement investment strategies more efficiently.Derivatives can only be used if sufficient cash or cash-

• 80 •

equivalent securities are held by the Funds in order that aleveraged portfolio cannot be created. Investing in andusing derivative instruments are subject to certain risks.See “Risks of Using Derivatives.” The Fund may usederivatives to minimize exposure to currency fluctuationsbetween global currencies and the Canadian dollar.







• Credit Risk;

• Concentration Risk;




• Market Risk;






• Series Risk.


During the last year, the Fund held up to 11.03% of its netassets in Federal Republic of Germany Bonds. See“Concentration Risk” for a discussion of the potential risksassociated with the Fund holding more than 10% of its netassets in any one issuer.

Large UnitholdersAs at April 16, 2010, the only unitholders of the Fund which,to the knowledge of the Manager, beneficially held morethan 10% of the units of the Fund were Hartford Life &Accident Insurance Company, Hartford Balanced GrowthPortfolio and Hartford Balanced Portfolio, which held38.55%, 10.89% and 11.06% respectively of the units ofthe Fund.

Who Should Invest In This Fund?This Fund is intended for those investors seeking a highlevel of income with the potential for some capital gainsthrough exposure to a diversified portfolio of fixed incomesecurities. This Fund may be suitable if you are investing fora medium to long term and are willing to accept a low tomoderate degree of risk.

Distribution PolicyIncome tax legislation allows a qualifying mutual fund toelect to have a taxation year end of December 15 instead ofDecember 31. The Fund has made such an election. TheFund distributes the income earned by the Fund and thenet capital gains made by the Fund at least annually on a daybetween December 15 and December 31 to ensure there isno income tax payable by the Fund under the Tax Act. Inaddition, the Fund intends to distribute income earned bythe Fund monthly on or about the last day of the month.The timing of such distributions is within the discretion ofthe Manager. Additional distributions may be made at theManager’s discretion. Distributions paid by a Fund on unitsare automatically reinvested in whole or fractional units ofthe Fund unless the unitholder makes a written request forpayments in cash.



Management fee distributions (where applicable) will becalculated and credited daily and distributed quarterly oron such other basis as the Manager may determine.Management fee distributions will generally be paid firstout of net income and/or net capital gains of the Fund andotherwise as a return of capital. Where a unitholder who is

• 81 •

entitled to management fee distributions redeems all of theapplicable units, any unpaid management fee distributionsshall be paid in cash at the time of the redemption ratherthan being reinvested in units.



Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratioduring the periods indicated remain, as that incurred (onan annualized basis) in respect of the Fund’s financial yearended December 31, 2009. Please also see “Fees andExpenses Payable Directly by You”. No information isprovided in respect of Series I units as management feesfor Series I units are negotiated and paid directly by theinvestor, not by the Fund (which fees will not exceed themanagement fees applicable to the Series A units).



Series B units $19.99 $63.01 $110.44 $251.40

Series F units $12.81 $40.39 $ 70.80 $161.15

• 82 •

HARTFORD CANADIAN MONEY MARKET FUND

Fund Details

Type of Fund Canadian Money Market

Start Date May 1, 2000 (June 16, 2003for DCA Series B units andDCA Series D units,February 1, 2005 forSeries A units and DCASeries A units and July 7,2008 for DCA Series Funits)

Securities Offered Seven series of units of amutual fund trust namely:(i) Series A units;(ii) Series B units;(iii) Series D units(1);(iv) DCA Series A units,issuable in versions;(v) DCA Series B units,issuable in versions;(vi) DCA Series D units(1),issuable in versions; and(vii) DCA Series F units,issuable in versions.

Eligible for Registered Plans Yes, units are qualifiedinvestments for RRSPs,RRIFs, DPSPs, RESPs,RDSPs, and TFSAs


Notes: (1) Effective May 9, 2008, Series D and DCA Series D units ofthis Fund were closed to new subscriptions other thanpurchases through systematic investment programs orsystematic transfer plans established prior to May 9,2008 and automatically reinvested distributions. TheManager may re-open any of these series of units of thisFund to new subscriptions in the future.



Investment ObjectiveThe fundamental investment objective of HartfordCanadian Money Market Fund is to seek current incomewhile preserving invested capital by investing primarily inshort term Canadian money market instruments.

To fulfil its fundamental investment objective, theinvestment policy of the Fund is to invest in Canadianmoney market instruments including, but not limited to,short-term government securities, commercial paper,bankers acceptances and other short-term instruments.


Investment StrategyThe Fund attempts to preserve invested capital, produce asteady income stream and maintain a stable net asset value,although this cannot be guaranteed. In order to qualify as a“money market fund” within the meaning of NationalInstrument 81-102 (“NI 81-102”), Hartford CanadianMoney Market Fund has adopted the standard restrictionsrelated to investments of money market funds set out in NI81-102.

Subject to compliance with applicable regulatory notice andregistration and proficiency requirements, the Fund ispermitted, but not required, to use derivatives like options,futures, forward contracts, swaps, index participation unitsand other similar instruments for hedging and non-hedgingpurposes and for the purpose of making a profit providedthe use of derivatives is consistent with the Fund’s objectivesand is permitted by Canadian securities laws. The Fund mayimplement hedging strategies. See “Risks of UsingDerivatives” for a description of the nature of each typeof derivative that may be used. The Fund may from time totime use these instruments to, among other reasons, gainexposure to the underlying securities, indexes or currencieswithout investing in them directly, manage risks andimplement investment strategies more efficiently.Derivatives can only be used if sufficient cash or cash-equivalent securities are held by the Funds in order thata leveraged portfolio cannot be created. Investing in andusing derivative instruments are subject to certain risks. See“Risks of Using Derivatives.” No derivatives have been usedby the Fund to date.


The Fund does not currently intend to enter intorepurchase, reverse repurchase or securities lendingagreements.

The Fund purchases securities that the sub-adviser believesoffer attractive returns relative to the risks undertaken. Inaddition, the average maturity of the portfolio will beadjusted in anticipation of interest rate changes.

• 83 •






• Risk of Using Derivatives;

• Risks of Yield Fluctuations; and

• Series Risk.


Although the Fund intends to maintain a constant price forits units, there is no guarantee that the price will not go upand down.

Description Of Securities Offered – DCA UnitsSubject to the series closures noted on the cover page, theunits offered by the Fund consist of seven (7) series ofmutual fund units. The DCA Series A units have similarrights and privileges as the Series A units save and exceptthat holders of the DCA Series A units are entitled to certainbonus yield payments from the Manager that may vary byversion. Similarly, the DCA Series B units have similar rightsand privileges as Series B units save and except that theholders of the DCA Series B units are entitled to certainbonus yield payments from the Manager that may vary byversion. Similarly, the DCA Series D units have similar rightsand privileges as the Series D units save and except thatholders of the DCA Series D units are entitled to certainbonus yield payments from the Manager that may vary byversion. Similarly, the DCA Series F units have similar rightsand privileges as Series F units save and except that theholders of the DCA Series F units are entitled to certainbonus yield payments from the Manager that may vary byversion. A purchaser of DCA units must participate in theDCA Program (see “Optional Services and the DCAProgram – Hartford Dollar Cost Averaging AdvantageProgram”).

Each version of a series of DCA units is and/or will bedistinguishable from other versions of that series by thespecified rate of annualized bonus yield (the “AdvantageYield Rate”) and/or by the duration of the related DCAProgram (i.e., six month or twelve month). The Fundcurrently offers Six Month Version 5 and Twelve MonthVersion 2 of each series of DCA units (other than DCASeries D units which were closed to new subscriptionseffective May 9, 2008).

The Advantage Yield Rates for Six Month Version 5 andTwelve Month Version 2 of each series of the DCA unitsoffered is as follows:

Version and Series of DCA unit Advantage Yield Rate*DCA Series A – Six Month Version 5 3.00%

DCA Series A – Twelve Month Version 2 2.00%

DCA Series B – Six Month Version 5 3.00%

DCA Series B – Twelve Month Version 2 2.00%

DCA Series F – Six Month Version 5 3.00%

DCA Series F – Twelve Month Version 2 2.00%

* Under the DCA Program, the Advantage Yield Rate isearned only on the DCA units outstanding from time totime and therefore is not earned on the entire originalamount invested under the DCA Program due to regulartransfers to the Target Fund(s) that will affect the dailyaccrual lowering the program yield. The “program yield” iscalculated as the actual amounts to be earned at theapplicable Advantage Yield Rate on an investor’s total initialdeposit under a DCA Program after the completion of theapplicable DCA Program term. The program yield for theDCA Series A/Series B/Series F – Six Month Version 5would be 0.86% and for the DCASeries A/Series B/Series F – Twelve Month Version 2 wouldbe 1.07%.

Pursuant to the Declaration of Trust, the Manager hasagreed to credit daily to the account of each holder of aDCA unit an amount equal to the difference between theactual yield on your DCA units and the applicableAdvantage Yield Rate for your DCA units. The accruedamount payable to you will be applied to the next scheduledtransfer under the DCA Program and will be credited to thepurchase/issuance of additional units of the applicableFund(s) at that time at the then net asset value(s) per unit(see “Optional Services and the DCA Program”). Anyamounts so accrued at any month end in respect ofoutstanding DCA units that are not subject to a monthend transfer/switch under a DCA Program will be appliedto the purchase/issuance of additional DCA units of thesame series for the account of the investor.

The Advantage Yield Rate may vary between series of DCAunits and may vary between versions of units of a particularDCA series. The Manager may, at any time, cease offering aparticular version of units of a DCA series and maycommence the offering of a new version of units of thatDCA series with a new Advantage Yield Rate by amendingthis Prospectus, although such actions will not affect theAdvantage Yield Rate of the versions of DCA units that areno longer to be offered for sale or the obligations of theManager relating thereto.

Reference should be made to the heading “OptionalServices and the DCA Program – Hartford Dollar CostAveraging Advantage Program – Bonus Amount Payments”for details as to the calculation of Bonus Amounts.

Continuous or periodic investment plans such as the DCAProgram neither assure a profit nor protect against a loss indeclining markets. Because dollar cost averaging involvescontinuous investing regardless of fluctuating price levels,you should carefully consider your financial ability tocontinue investing through periods of fluctuating prices.

• 84 •

You should note that your investment in a DCA unit is notguaranteed as the Advantage Yield Rate does not affect or inany way guarantee the value of a DCA unit. Receipt byunitholders of the Advantage Yield Rate applicable toone or more versions of a series of DCA units is contingentat all times on the Manager’s ability to make such advantageyield payments. There can be no guarantee that the Managerwill at all times be able to make such payments. TheAdvantage Yield Rate refers to the net income generatedin respect of a DCA unit and not the value of such a unit. As aresult, the maximum payable daily by the Manager under itsAdvantage Yield Rate obligations in respect of a particularDCA unit is the applicable daily rate multiplied by the priorday’s NAV of such unit. Under the DCA Program, theAdvantage Yield Rate is earned only on the DCA unitsoutstanding from time to time and therefore is not earnedon the entire original amount invested under the DCAProgram due to regular transfers to the Target Fund(s) thatwill affect the daily accrual, lowering the program yield.

Who Should Invest In This Fund?This Fund is intended for those investors seeking a steadysource of income with stability of capital as well as for thoseinvestors wishing to diversify an investment or retirementaccount with a conservative and liquid investment withminimal risk of a fluctuation in the Fund’s net asset value.This Fund may be suitable if you are investing for a shorterterm and are willing to accept a very low degree of risk.

DCA unitsDCA units are suitable for investors who havepredetermined the appropriateness of investing in one ormore of the existing Funds (excluding Hartford CanadianMoney Market Fund). The DCA units are for those investorsseeking a short-term steady stream of income with stabilityof capital to fund systematic transferring of assets into equityor bond type mutual funds over a period of time.

Distribution PolicyThe Fund distributes sufficient net taxable income and nettaxable capital gains (if any) to its unitholders in the yearearned to ensure there is no income tax payable by the Fundunder the Tax Act. Where a unitholder has redeemed all hisunits of a particular series or series distributions in respectof such units shall be paid to the unitholder in cash at thetime of the redemption payment. Distributions of incomeare expected to be made monthly on or about the last day ofthe month. For the Fund, income is accrued and credited asa distribution daily, but paid monthly to ensure there is noincome tax payable by the Fund under the Tax Act. Thetiming of such distributions is within the discretion of theManager. Additional distributions may be made at theManager’s discretion. Distributions paid by a Fund on unitsare automatically reinvested in whole or fractional units ofthe Fund of the same series or series as the units in respectof which such distribution is made unless the unitholdermakes a written request for payments in cash. Holders ofDCA units who are subject to a DCA Program will, pursuantto their DCA Program, have such distributions invested inunits of one or other of the Funds (see “Optional Services

and the DCA Program — Hartford Dollar Cost AveragingAdvantage Program”).





Allocations of distributions among series of units aregenerally made based upon the income and capital gainsof the Fund attributable to each series of units. Theseallocations vary among series to reflect different net assetvalues, management fees and other special expenses, if any.The Fund may distribute capital at any time.

Fund Expenses Indirectly Borne by InvestorsThe Fund pays for some expenses out of Fund assets. Thefollowing table is intended to help you compare the cost ofinvesting in the Fund with the cost of investing in othermutual funds. The information presented in the tableassumes that you invest $1,000 in units of the Fund forthe time periods indicated and then sell all of your units atthe end of those periods; your investment has an annualreturn of 5%; and the Fund’s management expense ratiosduring the periods indicated remain: (i) as set out onpage 22 for all series of DCA units of Hartford CanadianMoney Market Fund and for Series B units and Series Dunits of Hartford Canadian Bond Fund, Hartford U.S. StockFund, Hartford Capital Appreciation Fund, HartfordGlobal Leaders Fund, Hartford Canadian Stock Fund andHartford Canadian Balanced Fund; and (ii) in respect of allother series of units of the Funds, the same as incurred inrespect of each Fund’s financial year ended December 31,2009. Please also see “Fees and Expenses Payable Directly byYou”.

Although your costs may be higher or lower, based on theseassumptions your costs of investing in units of HartfordCanadian Money Market Fund that are not DCA units wouldbe:


Series B units $6.05 $19.06 $33.42 $76.06

Series D units $6.15 $19.39 $33.98 $77.35

Although your costs may be higher or lower, based on theseassumptions and assuming that DCA units of HartfordCanadian Money Market Fund are switched into the Target

• 85 •

Fund with the highest management expense ratio duringeach period, your costs of investing in DCA Series A units,DCA Series B units, DCA Series D units and DCA Series Funits that are transferred/switched under a DCA Program(see “Optional Services and the DCA Program – HartfordDollar Cost Averaging Advantage Program”) to thecorresponding series of units of a Target Fund would be:

For 1 year For 3 years For 5 years For 10 yearsDCA Series A – Six

Month Version $21.20 $73.05 $130.22 $300.09

DCA Series A –Twelve MonthVersion $17.75 $69.59 $126.76 $296.63

DCA Series B – SixMonth Version $23.23 $80.60 $143.84 $331.78

DCA Series B –Twelve MonthVersion $19.13 $76.50 $139.74 $327.68

DCA Series D – SixMonth Version $17.83 $61.96 $110.61 $255.18

DCA Series D –Twelve MonthVersion $13.03 $57.15 $105.80 $250.37

DCA Series F – SixMonth Version $14.31 $47.40 $ 83.89 $192.32

DCA Series F –Twelve MonthVersion $13.03 $46.12 $ 82.61 $191.04

• 86 •

Hartford Mutual FundsSIMPLIFIED PROSPECTUS

DATED MAY 14, 2010

Hartford Growth Portfolio

Hartford Balanced Growth Portfolio

Hartford Balanced Portfolio

Hartford Conservative Portfolio

Hartford Capital Appreciation Fund

Hartford Global Leaders Fund

Hartford International Equity Fund

Hartford U.S. Dividend Growth Fund

Hartford U.S. Stock Fund

Hartford Canadian Dividend Fund

Hartford Canadian Dividend Growth Fund

Hartford Canadian Stock Fund

Hartford Canadian Value Fund

Hartford Canadian Balanced Fund

Hartford Global Balanced Fund

Hartford Canadian Bond Fund

Hartford Global High Income Fund

Hartford Canadian Money Market Fund

MANAGER, REGISTRAR AND TRANSFER AGENTHartford Investments Canada Corp.121 King Street West, Suite 1810P.O. Box 114, Toronto, OntarioM5H 3T9Telephone toll-free number 1-877-302-2210

AUDITORSPricewaterhouseCoopers LLPRoyal Trust Tower, TD Centre, Suite 3000Toronto, Ontario M5K 1G8

CUSTODIANState Street Trust Company Canada30 Adelaide Street East, Suite 1100Toronto, Ontario M5C 3G6

Additional information about the Funds is available in eachFund’s Annual Information Form, management report offund performance and financial statements. These documentsare incorporated by reference into this Simplified Prospectus,which means that they legally form part of this document justas if they were printed as part of this document.

You can get a copy of these documents at your request, and at no cost, by calling toll-free at 1-877-302-2210 or, from your dealer, or by e-mail [email protected] or by writing to the Manager at the address above.

These documents and other information about the Funds,such as information circulars and material contracts, are also available at www.sedar.com.

hartford mutual funds - ci investments · hartford mutual funds simplified prospectus may 14, 2010...

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