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Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType 497
Document Period End Date dei_DocumentPeriodEndDate Aug. 13, 2015
Registrant Name dei_EntityRegistrantName HARTFORD MUTUAL FUNDS INC/CT
Central Index Key dei_EntityCentralIndexKey 0001006415
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Aug. 13, 2015
Document Effective Date dei_DocumentEffectiveDate Aug. 13, 2015
Prospectus Date rr_ProspectusDate Mar. 01, 2015
THE HARTFORD CONSERVATIVE ALLOCATION FUND  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading
THE HARTFORD CONSERVATIVE ALLOCATION FUND
Supplement [Text Block] hmfic_SupplementTextBlock

 

AUGUST 13, 2015

 

SUPPLEMENT

TO

THE HARTFORD CONSERVATIVE ALLOCATION FUND

(A SERIES OF THE HARTFORD MUTUAL FUNDS, INC.)

PROSPECTUS DATED MARCH 1, 2015,

AS LAST SUPPLEMENTED MAY 7, 2015

AND SUMMARY PROSPECTUS DATED MARCH 1, 2015

 

Effective November 1, 2015, Hartford Funds Management Company, LLC (the “Investment Manager”) will lower its management fee rate set forth in the investment advisory agreement for The Hartford Conservative Allocation Fund (the “Fund”).  Additionally, effective November 1, 2015, the Investment Manager is revising the expense reimbursement arrangements for all classes of the Fund.

 

Accordingly, effective November 1, 2015, the Prospectus and Summary Prospectus will be revised as follows:

 

1.              Under the heading “SUMMARY SECTION — YOUR EXPENSES” in the Prospectus and the heading “YOUR EXPENSES” in the Summary Prospectus, the Shareholder Fees and Annual Fund Operating Expenses tables and the footnotes attached thereto, as well as the expense examples, are deleted and replaced with the following:

 

Shareholder Fees

(fees paid directly from your investment)

 

 

 

Share Classes

 

 

 

A

 

B

 

C

 

I

 

R3

 

R4

 

R5

 

Maximum sales charge (load) imposed on purchases as a percentage of offering price

 

5.50%

 

None

 

None

 

None

 

None

 

None

 

None

 

Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is less)

 

None (under $1 million invested)(1)

 

5.00%

 

1.00%

 

None

 

None

 

None

 

None

 

 

 
 

 

Annual Fund Operating Expenses(2)

(expenses that you pay each year as a percentage of the value of your investment)

 

 

 

A

 

B

 

C

 

I

 

R3

 

R4

 

R5

 

Management fees

 

0.10

%

0.10

%

0.10

%

0.10

%

0.10

%

0.10

%

0.10

%

Distribution and service(12b-1) fees

 

0.25

%

1.00

%

1.00

%

None

 

0.50

%

0.25

%

None

 

Total other expenses

 

0.20

%

0.31

%

0.18

%

0.17

%

0.29

%

0.25

%

0.19

%

Administrative services fee

 

None

 

None

 

None

 

None

 

0.20

%

0.15

%

0.10

%

Other expenses

 

0.20

%

0.31

%

0.18

%

0.17

%

0.09

%

0.10

%

0.09

%

Acquired Fund fees and expenses

 

0.69

%

0.69

%

0.69

%

0.69

%

0.69

%

0.69

%

0.69

%

Total annual fund operating expenses(3)

 

1.24

%

2.10

%

1.97

%

0.96

%

1.58

%

1.29

%

0.98

%

Fee waiver and/or expense reimbursement(4)

 

0.05

%

0.16

%

0.03

%

0.02

%

0.14

%

0.15

%

0.14

%

Total annual fund operating expenses after fee waiver and/or expense reimbursement(4)

 

1.19

%

1.94

%

1.94

%

0.94

%

1.44

%

1.14

%

0.84

%

 

 

(1)         For investments over $1 million, a 1.00% maximum deferred sales charge may apply.

(2)         Annual Fund Operating Expenses have been restated to reflect current fees and expenses.

(3) “Total annual fund operating expenses” do not correlate to the ratio of expenses to average net assets that is disclosed in the Fund’s annual report and semi-annual report in the financial highlights table, which reflects the operating expenses of the Fund and does not include Acquired Fund fees and expenses.

(4)         Hartford Funds Management Company, LLC (the “Investment Manager”) has contractually agreed to reimburse expenses (exclusive of taxes, interest expenses, brokerage commissions, and extraordinary expenses) to the extent necessary to maintain total annual fund operating expenses as follows: 1.19% (Class A), 1.94% (Class B), 1.94% (Class C), 0.94% (Class I), 1.44% (Class R3), 1.14% (Class R4), and 0.84% (Class R5) effective November 1, 2015. This contractual arrangement will remain in effect until February 28, 2017, and shall renew automatically for one-year terms thereafter unless the Investment Manager provides written notice of termination prior to the start of the next term or upon approval of the Board of Directors of The Hartford Mutual Funds, Inc. In addition, Hartford Administrative Services Company (“HASCO”), the Fund’s transfer agent, has contractually agreed to reimburse any portion of the transfer agency fees over 0.30% of the average daily net assets per fiscal year for all classes. This contractual arrangement will remain in effect until February 29, 2016, and shall renew automatically for one-year terms thereafter unless HASCO provides written notice of termination prior to the start of the next term or upon approval of the Board of Directors of The Hartford Mutual Funds, Inc.

 

EXAMPLE.  The examples below are intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The examples assume that:

 

·                  Your investment has a 5% return each year

·                  The Fund’s operating expenses remain the same (except that the examples reflect the expense limitation arrangements for only the first year)

·                  You reinvest all dividends and distributions

·                  You pay any deferred sales charge due for the applicable period.

 

 
 

 

Your actual costs may be higher or lower.  Based on these assumptions, for every $10,000 invested, you would pay the following expenses if you sell all of your shares at the end of each time period indicated:

 

Share Classes

 

Year 1

 

Year 3

 

Year 5

 

Year 10

 

A

 

$

665

 

$

917

 

$

1,189

 

$

1,963

 

B

 

$

697

 

$

942

 

$

1,314

 

$

2,198

 

C

 

$

297

 

$

615

 

$

1,060

 

$

2,293

 

I

 

$

96

 

$

304

 

$

529

 

$

1,176

 

R3

 

$

147

 

$

485

 

$

847

 

$

1,866

 

R4

 

$

116

 

$

394

 

$

693

 

$

1,543

 

R5

 

$

86

 

$

298

 

$

528

 

$

1,189

 

 

You would pay the following expenses if you did not redeem your shares:

 

Share Classes

 

Year 1

 

Year 3

 

Year 5

 

Year 10

 

A

 

$

665

 

$

917

 

$

1,189

 

$

1,963

 

B

 

$

197

 

$

642

 

$

1,114

 

$

2,198

 

C

 

$

197

 

$

615

 

$

1,060

 

$

2,293

 

I

 

$

96

 

$

304

 

$

529

 

$

1,176

 

R3

 

$

147

 

$

485

 

$

847

 

$

1,866

 

R4

 

$

116

 

$

394

 

$

693

 

$

1,543

 

R5

 

$

86

 

$

298

 

$

528

 

$

1,189

 

 

2.              Under the heading “THE INVESTMENT MANAGER AND SUB-ADVISER — MANAGEMENT FEE” in the Prospectus, the second paragraph is deleted and replaced with the following:

 

Effective November 1, 2015, the management fee set forth in the Fund’s investment advisory agreement is 0.100% of the first $500 million, 0.095% of the next $500 million, 0.090% of the next $1.5 billion, 0.080% of the next $2.5 billion, 0.070% of the next $2.5 billion, 0.060% of the next $2.5 billion and 0.050% in excess of $10 billion annually of the Fund’s average daily net assets. The Investment Manager pays a sub-advisory fee to Wellington Management out of its advisory fee.

 

Prior to November 1, 2015, the management fee paid by the Fund to the Investment Manager was 0.150% of the first $500 million, 0.100% of the next $500 million, 0.090% of the next $1.5 billion, 0.080% of the next $2.5 billion, 0.070% of the next $2.5 billion, 0.060% of the next $2.5 billion and 0.050% in excess of $10 billion annually of the Fund’s average daily net assets.

 

This Supplement should be retained with your Prospectus and Summary Prospectus for future reference.

THE HARTFORD CONSERVATIVE ALLOCATION FUND | Class A  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol HCVAX
THE HARTFORD CONSERVATIVE ALLOCATION FUND | Class B  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol HCVBX
THE HARTFORD CONSERVATIVE ALLOCATION FUND | Class C  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol HCVCX
THE HARTFORD CONSERVATIVE ALLOCATION FUND | Class I  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol HCVIX
THE HARTFORD CONSERVATIVE ALLOCATION FUND | Class R3  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol HCVRX
THE HARTFORD CONSERVATIVE ALLOCATION FUND | Class R4  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol HCVSX
THE HARTFORD CONSERVATIVE ALLOCATION FUND | Class R5  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol HCVTX