Hartford Funds Expands Municipal Fund Suite with Two New Funds

RADNOR, Pa.--(BUSINESS WIRE)-- Hartford Funds today announced that it has launched two new municipal bond funds. Hartford Municipal Short Duration Fund (HMJAX) and Hartford Municipal Income Fund (HMKAX) in addition to the existing Hartford Municipal Opportunities Fund (HHMAX), complete Hartford Funds’ suite of short-duration, intermediate-duration and income-focused municipal bond fund options*. The suite of funds offers a spectrum of choices designed to address investor needs.

“As part of our human-centric investing approach, we regularly look across the market to seek out the best opportunities to meet the needs and wants of investors,” said Thomas McConnell, Head of Product Innovation and Implementation, Hartford Funds. “We know that paying taxes on investments is an emotional pain point with investors. We see our suite of municipal bond funds as an extremely attractive investment option for those seeking income generally exempt from federal income taxes.”

Strategically aligned with the Hartford Municipal Opportunities Fund, the two new funds are designed to generate current income generally exempt from federal income taxes, while also delivering long-term total return. Each fund is focused on purchasing differing levels of investment grade and non-investment grade municipal securities across a diverse array of states and sectors at different maturities and durations. The Hartford Municipal Income Fund will be benchmarked against the Barclays Municipal Bond Index and the Hartford Municipal Short Duration Fund will be benchmarked against the Barclays Municipal Bond Short 1-5 Year Index.

The expanded municipal fund suite builds on the strong performance of the Hartford Municipal Opportunities Fund. The principles behind the new funds are consistent to that of the existing fund; focused primarily on deep credit research and sector rotation.

The funds are sub-advised by Wellington Management’s municipal bond team. Wellington Management’s Brad W. Libby, Managing Director and Fixed Income Portfolio Manager/Credit Analyst and Timothy D. Haney, CFA, Senior Managing Director and Fixed Income Portfolio Manager, serve as Portfolio Managers of the funds.

About Hartford Funds

Founded in 1996, Hartford Funds is a leading provider of mutual funds and 529 college savings plans. Using its human-centric investing approach, Hartford Funds creates strategies and tools designed to address the needs and wants of investors. Leveraging partnerships with MIT AgeLab and leading practice management experts, Hartford Funds delivers insight into the latest demographic trends and investor behavior. Hartford Funds offers a diverse line-up of more than 45 mutual funds, sub-advised by Wellington Management, designed to address the challenges investors face and includes equity, fixed-income, multi-strategy, and alternative investments. The Company has mutual fund assets under management of $75.7 billion as of March 31, 2015 (excluding assets used in certain annuity products). For more information about the fund family, visit www.hartfordfunds.com.

All investments are subject to risks, including the possible loss of principal. Fixed-income investments are subject to interest-rate risk (the risk that the value of an investment decreases when interest rates rise), credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due), liquidity risk (the risk that an investment may be difficult to sell at an advantageous time or price), and call risk (the risk that an investment may be redeemed early). Municipal bonds may be subject to additional taxes, including state taxes, capital gain taxes, and the Alternative Minimum Tax. Investments in high-yield bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC. Hartford Funds Distributors, LLC is a subsidiary of The Hartford Financial Services Group Inc.

“The Hartford” is The Hartford Financial Services Group Inc. and its subsidiaries. Wellington Management Company, LLP is a SEC-registered investment adviser and an independent and unaffiliated sub-adviser to Hartford Funds.

HIG-W

Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in The Hartford’s Quarterly Reports on Form 10-Q, our 2014 Annual Report on Form 10-K and the other filings The Hartford makes with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.

From time to time, The Hartford may use its website to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at http://ir.thehartford.com. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the "Email Alerts" section at http://ir.thehartford.com.

*Duration is a measure of the sensitivity of an asset or portfolio’s price to nominal interest rate movement.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150608005155/en/

For Hartford Funds
Jill Gordon, 212-279-3115 x225
[email protected]

Source: Hartford Funds

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