Hartford HLS Series Fund, Inc.

N-CSR 1 d100513dncsr.htm HARTFORD HLS SERIES FUND, INC. Hartford HLS Series Fund, Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

Investment Company Act file number: 811-08629

HARTFORD SERIES FUND, INC.

(Exact name of registrant as specified in charter)

5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087

(Address of Principal Executive Offices) (Zip Code)

Edward P. Macdonald, Esquire

Hartford Funds Management Company, LLC

5 Radnor Corporate Center, Suite 300

100 Matsonford Road

Radnor, Pennsylvania 19087

(Name and Address of Agent for Service)

Registrant’s telephone number, including area code: (610) 386-4068

Date of fiscal year end: December 31

Date of reporting period: December 31, 2015

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F. Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Reports to Stockholders.

LOGO

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford HLS Funds.

Market Review

During the year ended December 31, 2015, the period of this report, the stock market suffered its first correction (a decline of at least 10%) since 2011.

Although volatility returned to the market, stocks recovered from their summer decline and the S&P 500 Index¹ managed to climb back into positive territory, gaining 1.38% through the end of the year.

The correction in domestic markets came as a response to uncertainty abroad. Since China is the second-largest economy in the world, late-summer worries of a slowdown in its economy had far-reaching impacts. The full impact of that slowing growth remains to be seen. Markets stabilized within a few weeks and stocks continued their upward climb, continuing the six-year-old bull market that began in 2009.

From a broader perspective, a strong dollar, low oil prices, and central-bank policies influenced market movements throughout the period this report covers. Investors have been keeping a watchful eye on the U.S. Federal Reserve (the Fed) and international central banks, which continue to influence markets through quantitative-easing programs designed to support growth.

The Fed ended its own quantitative-easing program in late 2014, and its next influential move is to try to normalize interest rates, which have held near zero since 2008. The initial rate hike took place in mid-December, and continuing rate hikes generally are expected to continue at a gradual pace. Stocks took the initial rate hike in stride, however, rising rates are likely to be particularly impactful for fixed-income investors going forward, as bonds tend to be more sensitive to rate changes than equities.

As we begin 2016, we encourage you to maintain a strong relationship with a financial advisor who can help guide you through shifting markets with confidence. As the volatility during the summer of 2015 proved, markets are unpredictable and it’s important to proactively build a portfolio that takes into account your unique investment goals and risk tolerances. Your financial advisor can help you find a fit within our family of mutual funds as you work toward those goals.

Thank you again for investing with Hartford HLS Funds.

LOGO

James Davey

President

Hartford HLS Funds

¹	S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

Hartford HLS Funds

Table of Contents



Fund Performance and Manager Discussions (Unaudited)			2

Expense Examples (Unaudited)			61

Financial Statements:

Schedules of Investments:

Hartford Balanced HLS Fund			66

Hartford Capital Appreciation HLS Fund			79

Hartford Disciplined Equity HLS Fund			88

Hartford Dividend and Growth HLS Fund			92

Hartford Global Growth HLS Fund			96

Hartford Growth Opportunities HLS Fund			100

Hartford Healthcare HLS Fund			106

Hartford High Yield HLS Fund			110

Hartford International Opportunities HLS Fund			117

Hartford MidCap HLS Fund			121

Hartford MidCap Value HLS Fund			125

Hartford Small Company HLS Fund			129

Hartford Small/Mid Cap Equity HLS Fund			135

Hartford SmallCap Growth HLS Fund			140

Hartford Stock HLS Fund			146

Hartford Total Return Bond HLS Fund			149

Hartford Ultrashort Bond HLS Fund			177

Hartford U.S. Government Securities HLS Fund			184

Hartford Value HLS Fund			189

Statements of Assets and Liabilities			194

Statements of Operations			198

Statements of Changes in Net Assets			202

Financial Highlights			210

Notes to Financial Statements			220

Report of Independent Registered Public Accounting Firm			263

Directors and Officers (Unaudited)			264

How to Obtain a Copy of each Fund’s Proxy Voting Policies and Voting Records (Unaudited)			266

Quarterly Portfolio Holdings Information (Unaudited)			266

Federal Tax Information (Unaudited)			267

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)			268

Main Risks (Unaudited)			275

The views expressed in each Fund’s Manager Discussion under “Why did the Fund perform this way?” and “What is the outlook?” are views of that Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. Each Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable.

Hartford Balanced HLS Fund inception 03/31/1983


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks long-term total return.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class IA. Growth results in classes other than Class IA will vary from what is seen above due to differences in the expenses charged to those share classes.

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
Balanced IA		0.18%		8.75%		6.01%
Balanced IB		-0.07%		8.48%		5.75%
S&P 500 Index		1.38%		12.57%		7.31%
Barclays Government/Credit Bond Index		0.15%		3.39%		4.47%
Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index		0.05%		0.07%		1.24%
Balanced HLS Fund Blended Index		1.13%		8.84%		6.31%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website www.hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on December 31, 2015, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

Barclays Government/Credit Bond Index is an unmanaged, market-value-weighted index of all debt obligations of the U.S. Treasury and U.S. Government agencies (excluding mortgaged-backed securities) and of all publicly-issued fixed-rate, nonconvertible, investment grade domestic corporate debt.

Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index is an unmanaged index that tracks the performance of U.S. dollar denominated U.S. Treasury bills publicly issued in the U.S. domestic markets with maturities of 90 days or less that assumes reinvestment of all income.

Balanced HLS Fund Blended Index is calculated by Hartford Funds Management Company, LLC and represents the weighted return of 60% S&P 500 Index, 35% Barclays Government/Credit Bond Index and 5% Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index.

The indices are unmanaged, and their results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA and Class IB were 0.65% and 0.90%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For more detailed information on the risks associated with an investment in the Fund, please see the prospectus.

The chart and table do not reflect the deductions of taxes, sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees or expenses would lower the contract’s or plan’s performance.


		2

Hartford Balanced HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Managers

Karen H. Grimes, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

John C. Keogh

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Michael E. Stack, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Balanced HLS Fund returned 0.18% for the twelve-month period ended December 31, 2015, underperforming the Fund’s custom benchmark, 60% S&P 500 Index, 35% Barclays Government/Credit Bond Index, and 5% Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index, which returned 1.13% for the same period. The S&P 500, Barclays Government/Credit Bond, and Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Indices returned 1.38%, 0.15% and 0.05%, respectively. The Fund outperformed the -1.53% average return of the Lipper Mixed-Asset Target Allocation Growth Funds peer group, a group of funds that hold between 60%-80% in equity securities, with the remainder invested in bonds, cash, and cash equivalents.

Why did the Fund perform this way?

U.S. equities, as measured by the S&P 500 Index, rose for the period, notwithstanding significant volatility. U.S. stocks retreated briefly early in 2015 – the market pulled back in early March as soft manufacturing data, potentially negative currency- and oil-related earnings, and valuation concerns weighed on investors’ minds. However, risk appetites increased after the March 18 Federal Open Market Committee (FOMC) statement underlined the U.S. Federal Reserve’s (Fed) hesitation to raise rates as U.S. domestic inflation remained subdued and other major central banks maintained an easing bias. Stocks ended June on a sour note after negotiations between Greece and its creditors regarding Greece’s loan repayments broke down. During August and September, the market remained extremely volatile and experienced its first correction (a decline of at least 10%) since October 2011. Oil prices and the Energy sector as a whole remained extremely volatile, with prices recovering from the initial drop earlier in the period and falling sharply towards the end of the year. After much anticipation, the Fed delivered its first rate hike since 2006 in December, approving a small increase in the federal funds rate. The equity market initially reacted positively to the news, but remained volatile through the end of the year as investors digested the impact of the rate increase and global economic developments. Within the S&P 500 Index, five of the ten sectors posted positive gains. Consumer Discretionary (+10%),

Healthcare (+7%), and Consumer Staples (+7%) posted the largest gains while Energy (-21%), Materials (-8%), and Utilities (-5%) lagged the broader index.

Fixed income markets were volatile over the twelve-month period as investors dealt with growing divergences in economic growth and central bank policy. With an improving economic outlook in the U.S. relative to the rest of the world, market participants agonized over the timing of the Fed’s first rate hike and its potential market implications during the year. Increased risk of a Greek exit from the Eurozone and a prolonged drop in commodity prices further muddied the picture. Oil prices were extremely volatile over the period, having rebounded from record lows at the start of the year but falling again in the third and fourth quarters of 2015. Meanwhile, an unexpected devaluation in China’s currency rattled global financial markets, deepening fears about the Chinese economic slowdown and potential spillover effects on the global economy.

Many major central banks eased monetary policy during the period with some resorting to aggressive measures to counter deflation and stimulate growth. The European Central Bank (ECB) launched an open-ended government bond-buying program and the Chinese central bank entered into an aggressive monetary easing cycle to counter deflationary risks and slowing growth. As expected, the Fed raised rates in December, which marked an end to a seven-year period of near-zero interest rates, although the Federal Reserve Open Market Committee (FOMC) stated that the pace of interest-rate hikes would be very gradual and dependent on the direction of economic data.

Globally, most credit risk sectors, with the exception of corporates, posted positive absolute returns as coupon income helped offset the impact of rising interest rates and widening bid-ask spreads. Most sectors underperformed duration-equivalent government bonds as spreads generally widened over the volatile period. High yield, in particular, experienced significant volatility on falling oil prices, China slowdown concerns, and a sharp increase in, high yield mutual fund outflows. The Barclays Government/Credit Bond Index returned 0.15% for the period.


		3

Hartford Balanced HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

The Fund has three primary levers to generate investment performance: equity investments, fixed income investments, and asset allocation among stocks, bonds, and cash. During the period, the equity portion of the Fund underperformed the S&P 500 Index and the fixed income portion of the Fund outperformed the Barclays Government/Credit Bond Index. Asset allocation detracted from benchmark-relative performance during the period. The Fund was generally overweight equities and fixed income and underweight cash relative to the Barclays Government/Credit Bond Index.

Equity underperformance versus the S&P 500 Index was driven primarily by security selection. Security selection in Consumer Discretionary, Energy and Industrials sectors detracted the most from relative performance; this was partially offset by strong selection in Consumer Staples and Financials. Sector allocation, which is a result of our bottom-up stock selection process, contributed positively to performance relative to the S&P 500 Index over the period. An overweight to Healthcare and an underweight to Energy contributed positively to relative performance, while an underweight to Consumer Discretionary and Consumer Staples detracted during the period.

Stocks that detracted the most from relative returns in the equity portion of the Fund during the period were Amazon.com (Consumer Discretionary), Southwestern Energy (Energy), and Marvell Technology (Information Technology). Shares of Amazon.com, a U.S.-based global ecommerce company, rose after the company reported better-than-expected first-quarter results. Not owning benchmark constituent Amazon.com detracted from benchmark-relative results, as the stock rose during the period. Our position in Southwestern Energy, an oil and natural gas company based in Texas, was weighed down by weakness in the Energy market. Moody’s also put several exploration and production companies, including Southwestern Energy, under review, and the stock traded lower on the news. Shares of Marvell, a U.S.-based manufacturer of consumer semiconductor products, fell as earnings were weak in the third quarter due to poor end-market demand and lower revenue in their storage and networking businesses. Accounting concerns have also weighed on the stock as the company has delayed reporting earnings. Marathon Oil (Energy) also detracted from absolute results during the period.

Top contributors to relative performance in the equity portion of the Fund during the period were Maxim Integrated (Information Technology), Kraft Foods (Consumer Staples), and UCB SA (Healthcare). Maxim Integrated, a U.S.-based semiconductor manufacturer, saw its share price rise as the company reported earnings results that were modestly ahead of expectations and provided earnings guidance that implied better than expected sales trends in future quarters. Kraft Foods, a packaged food company, outperformed this year following the news that the company would merge with Heinz in a deal led by 3G Capital and Berkshire Hathaway. The stock price of UCB SA, a Belgium-based pharmaceutical company, rose this year in particular due to a strong

earnings announcement in October. The company posted strong sales of its core drugs, as revenues for the first nine months of the year jumped 19%, and it raised its full year outlook. The Fund’s holdings in Microsoft (Information Technology) and Alphabet (Information Technology) also contributed positively on an absolute basis.

Outperformance of the fixed income portion of the Fund relative to the Barclays Government/Credit Bond Index during the period was driven by security selection in investment grade corporate credit, particularly within Industrials, and non-corporate investment grade credit. Security selection in high yield credit also contributed positively to relative returns. An out-of-benchmark allocation to asset-backed securities (ABS) also modestly contributed to relative returns during the period. The Fund’s duration and yield curve positioning detracted from results relative to the Barclays Government/Credit Bond Index as rates rose across the yield curve.

Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.

What is the outlook?

Looking forward to 2016, we perceive increased geopolitical uncertainty globally, with increasing tensions in the Middle-East and Russia, as well as the slowdown in China being key recent examples. We expect to continue to seek what we consider to be balance in the portfolio to allow for upside potential while limiting downside risk. For example, in the equity portion of the Fund, while we believe some bank and insurance equities may benefit from prospective rate increases, we maintain exposure to other sectors of the market that are less interest rate sensitive. We are monitoring developments and focusing on company specific catalysts as a basis for each position.

Healthcare and Telecommunication Services represented our largest sector overweight and underweight, respectively, in the equity portion of the Fund at the end of the period. On the fixed income side we ended the period with a moderately pro-cyclical risk posture, continuing to favor financial issuers within investment grade credit. We continued to be underweight U.S. Treasuries and continued to hold out-of-benchmark allocations to agency mortgage-backed securities, commercial mortgage backed securities (CMBS), and ABS.

At the end of the period, the Fund’s equity exposure was at 63% compared to 60% in its benchmark.


		4

Hartford Balanced HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

Diversification by Security Type

as of December 31, 2015


Category	Percentage of Net Assets
Equity Securities
Common Stocks		63.4	%

Total		63.4	%

Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		1.7	%
Corporate Bonds		17.0
Foreign Government Obligations		0.2
Municipal Bonds		1.3
U.S. Government Agencies		1.0
U.S. Government Securities		14.1

Total		35.3	%

Short-Term Investments		1.3
Other Assets & Liabilities		0.0

Total		100.0	%


		5

Hartford Capital Appreciation HLS Fund inception 04/02/1984


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks growth of capital.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
Capital Appreciation IA		1.02%		9.59%		7.11%
Capital Appreciation IB		0.79%		9.32%		6.85%
Capital Appreciation IC		0.53%		9.05%		6.58%
Russell 3000 Index		0.48%		12.18%		7.35%
S&P 500 Index		1.38%		12.57%		7.31%

Class IC shares commenced operations on April 30, 2014. Class IC shares performance prior to that date reflects Class IA shares performance adjusted to reflect the 12b-1 fee of 0.25% and the administrative services fee of 0.25% applicable to Class IC shares. The performance after such date reflects actual Class IC shares performance.

Russell 3000 Index is an unmanaged index that measures the performance of the 3,000 largest U.S. companies based on total market capitalization.

S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

The indices are unmanaged, and their results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA, Class IB and Class IC were 0.66%, 0.91% and 1.16%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.


		6

Hartford Capital Appreciation HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Managers

Saul J. Pannell, CFA

Senior Managing Director, Equity Portfolio Manager

Wellington Management Company LLP

Gregg R. Thomas, CFA

Senior Managing Director, Associate Director of Investment Strategy & Risk

Wellington Management Company LLP

Kent M. Stahl, CFA

Senior Managing Director, Director of Investment Strategy & Risk

Wellington Management Company LLP

Francis J. Boggan, CFA

Senior Managing Director, Equity Portfolio Manager

Wellington Management Company LLP

Nicolas M. Choumenkovitch

Senior Managing Director, Equity Portfolio Manager

Wellington Management Company LLP

Peter I. Higgins, CFA

Senior Managing Director, Equity Portfolio Manager

Wellington Management Company LLP

Donald J. Kilbride

Senior Managing Director, Equity Portfolio Manager

Wellington Management Company LLP

Philip W. Ruedi, CFA

Senior Managing Director, Equity Portfolio Manager

Wellington Management Company LLP

Stephen Mortimer

Senior Managing Director, Equity Portfolio Manager

Wellington Management Company LLP

David W. Palmer, CFA

Senior Managing Director, Equity Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Capital Appreciation HLS Fund returned 1.02% for the twelve-month period ended December 31, 2015, outperforming the Fund’s benchmark, the Russell 3000 Index, which returned 0.48% for the same period and underperformed the Fund’s other benchmark, the S&P 500 Index, which returned 1.38% for the same period. The Fund also outperformed the -2.42% average return of the Lipper Multi-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?


		7

Hartford Capital Appreciation HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

subdued and other major central banks maintained an easing bias. In April, the tech-heavy Nasdaq Composite topped the 5,000 mark for the first time in 15 years and broke its closing record from March 2000. Continued strong merger and acquisition (M&A) activity, a rebound in hiring, and solid housing data helped to fuel risk appetites. May marked the second-best month ever for M&A transactions involving U.S. companies with $234 billion in announced mergers. Stocks ended June on a sour note after negotiations between Greece and its creditors regarding Greece’s loan repayments broke down.

In the second half of the period, the U.S. economy remained on solid footing, with a sharp rebound in Gross Domestic Product (GDP), a seven-year low in unemployment, and a healthy housing market report. While the growth slowdown in China and its implications for global commerce fueled investor anxiety, uncertainty about the Fed’s rate hike timeline also weighed on sentiment. During August and September, the market remained extremely volatile and experienced its first correction (a decline of at least 10%) since October 2011. Oil prices and the Energy sector as a whole remained extremely volatile, with prices recovering from the initial drop earlier in the period and falling sharply towards the end of the year. As many market participants expected, the Fed left rates unchanged at its highly anticipated September meeting. The Fed’s statement appeared to spook some investors as it acknowledged that “recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term.” After much anticipation, the Fed delivered its first rate hike since 2006 in December, approving a small increase in the federal funds rate. The market initially reacted positively to the news, but remained volatile through the end of the year as investors digested the impact of the rate increase and global economic developments.

Returns varied noticeably by market-cap during the period, as small cap (-4%) and mid cap (-2%) equities underperformed large cap (+1%) equities as measured by the Russell 2000, S&P MidCap 400, and S&P 500 Indices, respectively. Within the Russell 3000 Index, Healthcare (+7%), Consumer Discretionary (+6%), and Consumer Staples (+6%) led the index higher while Energy (-23%), Materials (-10%), and Utilities (-5%) lagged on a relative basis during the period.

Sector allocation, a result of our bottom-up security selection process, contributed positively to performance relative to the Russell 3000 Index during the period. An underweight to the Energy sector and an overweight to the Healthcare, Information Technology, and Consumer Discretionary sectors contributed positively to returns relative to the Russell 3000 Index, which was partially offset by an underweight to Consumer Staples. Security selection detracted from performance relative to the Russell 3000 Index during the period. Selection was weakest within the Industrials, Consumer Discretionary, and Materials sectors. This was partially offset by strong selection within the Healthcare and Consumer Staples sectors.

The top contributors to performance relative to the Russell 3000 Index during the period included Activision Blizzard (Information Technology), Bristol-Myers (Healthcare), and Therapeutics MD (Healthcare). Shares of Activision Blizzard, U.S.-based electronic entertainment company, outperformed after it beat earnings forecasts. Shares of Bristol-Myers, a U.S.-based pharmaceutical company, rose during the period after reporting promising clinical trial data for skin cancer drug Opdivo (nivolumab). In addition the company reported better than expected results. Shares of Therapeutics MD, a company that manufactures and distributes products primarily for treating symptoms of menopause related hormone deficiency, outperformed after reporting stronger than expected results from one of their key Phase III trials. Amazon.com (Consumer Discretionary) was among the top absolute contributors during the period.

The largest absolute and relative detractors over the period were Micron Technology (Information Technology), Hertz Global Holding (Industrials), and Southwestern Energy (Energy). Shares of Micron Technology, a semiconductor manufacturer specializing in NAND Flash, Dynamic random-access memory (DRAM), and NOR Flash memory devices, fell amid investor concerns about demand and pricing in the PC market. Hertz Global Holding, a U.S.-based global car and equipment rental company, fell after the current year earnings consensus moved lower over the period. Shares of Southwestern Energy, a U.S.-based energy company engaged in natural gas and oil exploration, development, and production, underperformed due to lower crude prices, compounded by the company’s announcement of disappointing second quarter earnings.

Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.

What is the outlook?

Despite heightened volatility, we remain broadly positive about the outlook for global markets, driven by ongoing strength in developed economies where we believe buoyant consumption, recovering balance sheets, and accommodative policy should drive moderate growth. While the outlook for growth in China has become a lot more uncertain, we believe that China’s economy continues to grow, albeit at a lower rate of growth, with policy stimulus in areas like housing helping to offset weakness from commodities and exports. Given the increased level of uncertainty around this outcome, we will remain extremely vigilant about developments in this area. At the end of the period, our largest overweights were to the Healthcare, Consumer Discretionary, and Information Technology sectors, while our largest underweights were to Consumer Staples and Energy, relative to the Russell 3000 Index.


		8

Hartford Capital Appreciation HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

Diversification by Sector

as of December 31, 2015


Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		14.7	%
Consumer Staples		5.2
Energy		3.8
Financials		18.2
Health Care		17.5
Industrials		10.3
Information Technology		20.9
Materials		3.7
Telecommunication Services		1.1
Utilities		1.8

Total		97.2	%

Short-Term Investments		3.2
Other Assets & Liabilities		(0.4	)

Total		100.0	%

A sector may be comprised of several industries. For Fund compliance purposes, the Fund may not use the same classification system and these sector classifications are used for financial reporting purposes.


		9

Hartford Disciplined Equity HLS Fund inception 05/29/1998


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks growth of capital.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
Disciplined Equity IA		6.83%		14.94%		8.19%
Disciplined Equity IB		6.59%		14.65%		7.92%
S&P 500 Index		1.38%		12.57%		7.31%

S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

The index is unmanaged, and its results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA and Class IB were 0.75% and 1.00%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For

more detailed information on the risks associated with an investment in the Fund, please see the prospectus.


		10

Hartford Disciplined Equity HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Manager

Mammen Chally, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Disciplined Equity HLS Fund returned 6.83% for the twelve-month period ended December 31, 2015, outperforming the Fund’s benchmark, the S&P 500 Index, which returned 1.38% for the same period. The Fund also outperformed the -0.57% average return of the Lipper Large Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities, as measured by the S&P 500 Index, rose modestly during the twelve-month period. U.S. stocks retreated briefly early in 2015, but then reached new all-time highs on March 2, April 24, and May 21. The market pulled back in early March as soft manufacturing data, potentially negative currency- and oil-related earnings, and valuation concerns weighed on investors’ minds. However, risk appetites increased after the March 18 Federal Open Market Committee (FOMC) statement underlined the U.S. Federal Reserve’s (Fed) hesitation to raise rates as U.S. domestic inflation remained subdued and other major central banks maintained an easing bias. In April, the tech-heavy Nasdaq Composite topped the 5,000 mark for the first time in 15 years and broke its closing record from March 2000. Continued strong merger and acquisition (M&A) activity, a rebound in hiring, and solid housing data helped to fuel risk appetites. May marked the second-best month ever for M&As involving U.S. companies with $234 billion in announced mergers. Stocks ended June on a sour note after negotiations between Greece and its creditors regarding Greece’s loan repayments broke down.

rate hike since 2006 in December, approving a small increase in the federal funds rate. The market initially reacted positively to the news, but remained volatile through the end of the year as investors digested the impact of the rate increase and global economic developments.

Returns varied noticeably over the period by market-cap, as small cap (-4%) and mid cap (-2%) equities underperformed large cap (+1%) equities as measured by the Russell 2000, S&P MidCap 400, and S&P 500 Indices, respectively. During the twelve-month period, five of the ten sectors within the S&P 500 Index posted positive returns, led by Consumer Discretionary (+10%), Healthcare (+7%), and Consumer Staples (+7%).

The Fund outperformed the S&P 500 Index, during the period primarily due to strong security selection. Strong selection within Information Technology, Consumer Staples, and Industrials more than offset weaker selection within the Consumer Discretionary and Energy sectors. Sector allocation, which is a residual of our bottom-up security selection process, also contributed to relative returns during the period. An underweight allocation to the Energy sector and overweights to the Consumer Staples and Healthcare sectors more than offset the negative impact from an overweight to Utilities and not holding securities in Telecommunication Services.

The largest contributors to performance relative to the S&P 500 Index over the period were Activision Blizzard (Information Technology), Equifax (Industrials), and Omnicare (Healthcare). Shares of Activision Blizzard, a U.S.-based electronic entertainment company, rose during the period on strong earnings results from sales of video game titles. Shares of U.S.-based consumer credit rating agency Equifax rose sharply in February 2015 after management reported record fourth quarter and full year 2014 results. In addition, the board approved a 16% increase in the dividend, the fifth consecutive double-digit annual increase. Shares of Omnicare, a U.S.-based healthcare services company offering long term and specialty care services, rose during the period after it was announced the company was going to be acquired by CVS. The Fund sold out of its position in Omnicare over the period. Owning an overweight position in Alphabet (Information Technology), the U.S.-based holding company for Google, also contributed to absolute returns during the period.

The largest detractors from performance relative to the S&P 500 Index over the period were Amazon.com (Consumer Discretionary), Ralph Lauren (Consumer Discretionary), and Biogen (Healthcare). Shares of Amazon.com, a U.S.-based global ecommerce company, rose during the period, due to record-breaking results for its Prime,


		11

Hartford Disciplined Equity HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

Original Series, and Devices businesses, and healthy growth in Amazon Web Services, the company’s cloud computing service. Not owning this strong performing benchmark constituent detracted from relative returns during the period. Shares of Ralph Lauren, a U.S.-based producer of apparel, accessories, fragrances, and home furnishings, fell during the period after the company lowered its fiscal-year 2015 revenues guidance. Shares of U.S.-based global biotechnology company Biogen declined over the period due to health care industry-wide concerns about prescription drug prices, and disappointing revenue and earnings results driven by lower than expected sales of the company’s multiple sclerosis treatment. Shares of PVH Corp (Consumer Discretionary), a U.S.-based global apparel company, also detracted from performance on an absolute basis.

Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.

What is the outlook?

We believe the U.S. economy remains in a period of moderate economic growth, led by a steady expansion of consumption, housing, and technology spending. However, we are starting to have some concerns about the health of the U.S. manufacturing sector. The ISM manufacturing index was below the 50 threshold that indicates expansion in November and December, as the stronger U.S. dollar and weak global demand continued to weigh on manufacturing activity. Ongoing weakness could have negative implications for sectors beyond Industrials. For instance, Financials could be adversely impacted if credit deteriorates in a long-term cycle of manufacturing weakness. Despite this risk, we believe there are plenty of reasons to remain optimistic about the U.S. economy. Employment trends remain very solid, cheap gasoline should support consumption, and housing is unlikely to be derailed by the Fed’s gradual pace of interest rate hikes, in our opinion.

Globally, we believe that China is still a risk and little has changed in that country, despite the recent headlines surrounding its volatile stock market. Chinese manufacturing contracted for the 10th straight month in December, but again, this is not a new development. China registered its slowest quarterly expansion since 2009 as GDP rose 6.9% year over year in the third quarter. The result was slightly higher than the 6.8% forecasted as strength in the services sector helped to offset weaker manufacturing. We may downgrade our view of this market if we begin to see a problem with China’s financial and banking system. To date, we do not see any evidence of this but we continue to monitor the situation closely.

Overall, we continue to find what we consider to be attractively valued stocks with the characteristics we seek. We believe the U.S. economy remains in a period of moderate economic growth, and we continue to monitor policy decisions and economic trends that may impact our holdings. We remain consistent in adhering to our disciplined portfolio construction process that allows us to assess

risk, weight individual positions accordingly, and in the process seek to build a portfolio that focuses largely on stock selection for generating benchmark outperformance relative to the S&P 500. We strongly believe that the portfolio is well-positioned to perform as we look forward to 2016. Based on individual stock decisions, the Fund ended the period most overweight the Consumer Staples and Utilities sectors, and most underweight Energy, Telecommunication Services, and Financials relative to the S&P 500 Index.

Diversification by Sector

as of December 31, 2015


Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		12.5	%
Consumer Staples		15.3
Energy		2.1
Financials		14.5
Health Care		15.4
Industrials		8.9
Information Technology		20.5
Materials		3.4
Utilities		4.4

Total		97.0	%

Short-Term Investments		2.8
Other Assets & Liabilities		0.2

Total		100.0	%


		12

Hartford Dividend and Growth HLS Fund inception 03/09/1994


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks a high level of current income consistent with growth of capital.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
Dividend and Growth IA		-1.16%		11.13%		7.73%
Dividend and Growth IB		-1.41%		10.85%		7.47%
S&P 500 Index		1.38%		12.57%		7.31%
Russell 1000 Value Index		-3.83%		11.27%		6.16%

S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

Russell 1000 Value Index is an unmanaged index that measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index is an unmanaged index that measures the performance of the 1,000 largest companies in the Russell 3000 Index, which measures the performance of the 3,000 largest U.S. companies, based on total market capitalizations.

The indices are unmanaged, and their results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA and Class IB were 0.67% and 0.92%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.


		13

Hartford Dividend and Growth HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Managers

Edward P. Bousa, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Donald J. Kilbride

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Matthew G. Baker

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Dividend and Growth HLS Fund returned -1.16% for the twelve-month period ended December 31, 2015, underperforming the Fund’s benchmark, the S&P 500 Index, which returned 1.38% for the same period. The Fund outperformed the Russell 1000 Value Index, which returned -3.83% for the same period. The Fund also outperformed the -3.53% average return of the Lipper Equity Income Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

prices and the Energy sector as a whole remained extremely volatile, with prices recovering from the initial drop earlier in the period and falling sharply towards the end of the year. As many market participants expected, the Fed left rates unchanged at its highly anticipated September meeting. The Fed’s statement appeared to spook some investors as it acknowledged that “recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term.” After much anticipation, the Fed delivered its first rate hike since 2006 in December, approving a small increase in the federal funds rate. The market initially reacted positively to the news, but remained volatile through the end of the year as investors digested the impact of the rate increase and global economic developments.

Returns varied noticeably over the period by market-cap, as small cap (-4%) and mid cap (-2%) equities underperformed large cap (+1%) equities as measured by the Russell 2000, S&P MidCap 400, and S&P 500 Indices, respectively. During the twelve-month period, five of the ten sectors within the S&P 500 Index posted positive returns, led by Consumer Discretionary (+10%), Healthcare (+7%), and Consumer Staples (+7%).

Sector allocation, a result of our bottom up stock selection process, detracted from returns relative to the S&P 500 Index during the period. An underweight to the Consumer Discretionary and Information Technology sectors and an overweight to the Energy sector offset the positive impact of an underweight to Materials and an overweight to the Healthcare sector. Security selection also detracted from benchmark-relative returns during the period. Weak selection within Consumer Discretionary, Utilities, and Consumer Staples was only partially offset by strong selection within Information Technology and Financials.

The Fund’s top detractors from returns relative to the S&P 500 Index were Amazon.com (Consumer Discretionary), Marathon Oil (Energy), and Anadarko Pete (Energy). Shares of Amazon.com, a U.S.-based global ecommerce company, rose during the period, due


		14

Hartford Dividend and Growth HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

largely to better-than-expected first-quarter results, particularly in Amazon Web Services, the company’s cloud computing service. Not owning the strong performing benchmark constituent detracted from relative returns during the period. Shares of Marathon Oil, a U.S.-based oil and natural gas exploration and production (E&P) company with a major leasehold position in the Eagle Ford Shale formation in South Texas, fell due to a further decline in oil prices. Shares of Anadarko, an independent E&P company, fell during the period due to low commodity prices and the withdrawal of a takeover offer for competitor Apache, which weighed on the stock. Chevron (Energy) also detracted from absolute returns.

The Fund’s top contributors to performance relative to the S&P 500 Index during the period were Eli Lilly (Healthcare), Microsoft (Information Technology), and Kinder Morgan (Energy). Shares of Eli Lilly, a U.S.-based company engaged in the drug manufacturing business, rose during the period as investors anticipated the company would announce positive long-term data on its Alzheimer’s drug. Shares of Microsoft, a U.S.-based developer of software products and services, rose during the period due to increasing optimism that the company’s cloud-based services and Windows 10 operating program could support stronger growth. Kinder Morgan, a pipeline transportation and storage company, underperformed during the period due to weakness in commodity prices. The company’s earnings outlook deteriorated, and management cut the dividend. Not owning the weak-performing benchmark constituent contributed to relative returns during the period. Alphabet (Information Technology) was among the top contributors to absolute performance.

Derivatives were not used in a significant manner in this Fund during this period and did not have a material impact on performance during the period.

What is the outlook?

We believe a sharp decline in oil prices has created a buying opportunity in the very depressed Energy sector. However, timing the bottom in this industry is very difficult, and we feel that it was important to shift to a modest overweight knowing we could be early. Weak global consumption did not slow overall production as quickly as anticipated, which led to heightened uncertainty about oil. During the period, we added to positions in companies we believe will benefit most from what we believe will be an eventual rebound in oil prices. We expect bankruptcies in smaller players to create opportunities for the stronger companies. We believe the price of oil may bottom in the next six to twelve months as oil companies reduce production, and expect the portfolio will be well positioned to advance with the recovery.

Looking ahead to 2016, we continue to seek what we consider to be investment ideas that fit with our process and philosophy. We remain focused on the significance of dividends, positive capital stewardship, and franchise value. We believe we have a solid portfolio of undervalued market leaders, stocks in industries with improving

supply/demand trends, and solid companies that are temporarily out of favor. At the end of the period, our largest overweights were to the Financials and Energy sectors, while we remained underweight the Consumer Discretionary and Information Technology sectors, relative to the S&P 500 Index.

Diversification by Sector

as of December 31, 2015


Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		5.8	%
Consumer Staples		8.4
Energy		8.8
Financials		23.0
Health Care		16.5
Industrials		11.9
Information Technology		15.0
Materials		2.3
Telecommunication Services		2.7
Utilities		4.4

Total		98.8	%

Short-Term Investments		1.1
Other Assets & Liabilities		0.1

Total		100.0	%


		15

Hartford Global Growth HLS Fund inception 09/30/1998


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks growth of capital.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
Global Growth IA		8.04%		10.82%		5.80%
Global Growth IB		7.76%		10.54%		5.54%
MSCI World Growth Index		3.50%		9.19%		6.49%

MSCI World Growth Index is a broad-based unmanaged market capitalization-weighted total return index which measures the performance of growth securities in 23 developed-country global equity markets including the United States, Canada, Europe, Australia, New Zealand and the Far East.

The index is unmanaged, and its results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA and Class IB were 0.81% and 1.06%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.


		16

Hartford Global Growth HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Managers

Matthew D. Hudson, CFA

Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

John Boselli, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Global Growth HLS Fund returned 8.04% for the twelve-month period ended December 31, 2015, outperforming the Fund’s benchmark, the MSCI World Growth Index, which returned 3.50% for the same period. The Fund outperformed the 2.59% average return of the Lipper Global Large-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Global equities, as measured by the MSCI All Country World Index, fell over the twelve-month period. The rally in stocks that took place toward the beginning of the period came to a halt in the third quarter of 2015 as global equities tumbled. Equities surged in October, but stumbled in November and December and ended the period on a weak note. During the period, U.S. equities outperformed non-U.S. equities and emerging market equities underperformed their developed market counterparts.

Early in the period, there were many negative headlines causing investors to be uneasy. Europe’s economy remained near stall speed, oil prices plunged, Chinese manufacturing data disappointed, and questions again rose around Greece’s future in the European Union. Despite the negative headlines, Europe was a bright spot during the beginning of the period due to further accommodative monetary policy and encouraging economic data, including positive trends in manufacturing, exports, and economic sentiment. During the first half of the fiscal year, the Bank of Japan expanded its quantitative easing policy, the People’s Bank of China surprised markets with further rate cuts, and the European Central Bank (ECB) announced a €1.14 trillion open-ended sovereign debt quantitative easing program to combat record-low inflation and stimulate growth in Europe. In late June, the Greek debt crisis took center stage. Negotiations between Greece and its creditors regarding Greece’s loan repayments broke down and Greece missed its scheduled loan payment due to the International Monetary Fund on June 30.

September, Chinese manufacturing activity fell to its lowest level since 2009. Risk appetites were also dampened by the ECB’s cut in its Eurozone growth and inflation outlook and the downgrade of Brazil’s debt to below investment-grade. Global equities rallied in October amid increasing signs of extended monetary policy accommodation by major central banks. After much anticipation, the U.S. Federal Reserve (Fed) delivered its first rate hike since 2006 in December, approving a small increase in the federal funds rate. The market initially reacted positively to the news, but remained volatile through the end of the year as investors digested the impact of the rate increase and global economic development.

For the twelve-month period, growth stocks (+3.5%) outperformed value stocks (-4.11%) as measured by the MSCI World Growth Index and the MSCI World Value Index, respectively. Within the MSCI World Growth Index, six of ten sectors posted positive returns for the year. Consumer staples (+10%), Consumer Discretionary (+8%), and Healthcare (+8%) gained the most, while the Energy (-23%), Materials (-7%), and Industrials (-2%) sectors lagged the most on a relative basis.

The Fund’s outperformance relative to the MSCI World Growth Index was driven primarily by security selection, which contributed positively to relative results within all but two sectors. Selection within Consumer Discretionary and Healthcare was especially strong, more than offsetting weak selection within Industrials and Utilities. Sector allocation, a result of bottom-up security selection, also contributed to relative results over the period. Underweights to Energy, Industrials, and Materials contributed to relative performance, which was partially offset by an overweight to Financials and an underweight to Consumer Discretionary, which detracted from performance.

Top contributors to relative performance included Amazon (Consumer Discretionary), Activision Blizzard (Information Technology), and Pandora (Consumer Discretionary). Shares of Amazon, a U.S.-based online e-commerce company, rose on healthy results from the U.S. retail side of the business. In addition, results have been driven by stronger than expected growth in Amazon Web Service (“AWS”). AWS is an early leader in the relatively small but fast growing segment of the cloud-computing services sector. The share price of Activision Blizzard, a U.S.-based video gaming company, increased after successive quarterly earnings releases that


		17

Hartford Global Growth HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

beat market expectations. The company also announced plans to acquire King Digital Entertainment as it seeks to increase its mobile gaming offerings. Shares of Denmark-based jewelry maker Pandora rose over the period. Pandora’s products, particularly bracelets and charms, benefited from repeat customer purchases. The company also experienced high organic revenue growth, which was driven by product expansion and store growth, particularly in underpenetrated regions. Alphabet (Information Technology), formerly known as Google, was a top absolute contributor during the period.

The top detractors from the Fund’s relative performance were Baidu (Information Technology), Alibaba (Information Technology), and ICICI Bank (Financials). Baidu, a leading Chinese-language Internet search provider, underperformed due to lower than expected earnings and continued concern around ability to crystalize margin expansion. Shares of Alibaba, a leading Chinese e-commerce company, declined due to more stock becoming ‘unlocked’ after the company’s initial public offering. We eliminated our positions in both Baidu and Alibaba during the period. The stock price of ICICI Bank, an Indian-based banking and financial services company, fell over the year as revenues fell short of expectations amid a strengthening U.S. Dollar and overall weakness within Indian equities. Top absolute detractors also included F5 Networks (Information Technology).

Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.

What is the outlook?

The global macroeconomic indicators that we track continue to point to slower growth, particularly in the large emerging markets of Brazil, Russia, and China where economic weakness has led to lower commodity pricing. We see relatively better growth in the U.S., where growth in U.S. gross domestic product is accelerating due to increased technology spending. Low inflation and energy prices plus an improving labor market and real wage growth support consumer confidence in the U.S. We remain sanguine about the impact from the Fed’s well-telegraphed and slow increase in interest rates which remain at the very low end of the historical range.

We believe the European economy continues to improve slowly, benefiting from lower energy and import prices and loose monetary policies which support stronger retail sales and housing activity. Bigger picture, however, we continue to be skeptical of Europe’s monetary union without a fiscal union or a unified decision-making authority to collect and spend taxes as well as unfavorable business regulations that weigh on economic growth.

Around the world, the risks that we are monitoring show higher stress in the credit system. Despite positive U.S. economic indicators, we have observed rising junk bond yields. In emerging markets, credit default swap spreads also have increased. We are increasingly concerned about the expanding credit bubble in China. Excess

investment, high inventory, and tightening financial conditions with capital outflows and currency weakness all contribute to potential economic instability. We believe the Chinese government must resolve bad debts in the banking system soon to heal the credit cycle. Declining industry beer volumes, lower electricity consumption, weaker employment, and lower industrial production, in our opinion point to a slowing economy while it transitions from capital-intensive heavy industry to being more services-oriented. Financial risks in China weigh on the entire Asian region. Japan is in a technical recession following two quarters of negative growth in gross domestic product. Japan exports heavily to China and the Pacific Rim and thus is heavily exposed to China’s slowdown.

Our focus remains on stock selection that is driven by bottom-up, fundamental research, diligent meetings with the management of what we believe to be high quality, leading companies globally, and leveraging the deep research capabilities of our firm. Amidst the macro debates around the world (oil, currencies, China, monetary policy) and the volatility, we believe there should also be good opportunities. At the end of the period, our largest sector overweights continued to be to the Information Technology, Financials and Healthcare while we were most underweight Industrials, Materials, and Consumer Discretionary, relative to the MSCI World Growth Index.

Diversification by Country

as of December 31, 2015


Country	Percentage of Net Assets
Belgium		1.5	%
British Virgin Islands		0.0
Canada		0.6
China		2.2
Denmark		1.8
France		1.4
Germany		2.3
Hong Kong		0.6
India		0.5
Ireland		1.6
Israel		1.4
Italy		0.6
Japan		5.0
Netherlands		0.6
Portugal		0.6
Sweden		1.1
Switzerland		3.7
Taiwan		1.0
United Kingdom		9.8
United States		62.3
Short-Term Investments		1.2
Other Assets & Liabilities		0.2

Total		100.0	%


		18

Hartford Growth Opportunities HLS Fund inception 03/24/1987


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks capital appreciation.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
Growth Opportunities IA		11.74%		14.89%		9.18%
Growth Opportunities IB		11.47%		14.60%		8.91%
Growth Opportunities IC		11.18%		14.32%		8.64%
Russell 3000 Growth Index		5.09%		13.30%		8.49%
Russell 1000 Growth Index		5.67%		13.53%		8.53%

Russell 3000 Growth Index is an unmanaged index that measures the performance of those Russell 3000 Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 3000 Index is an unmanaged index that measures the performance of the 3,000 largest U.S. companies based on total market capitalization.

Russell 1000 Growth Index is an unmanaged index that measures the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 1000 Index is an unmanaged index that

measures the performance of the 1,000 largest companies in the Russell 3000 Index, which measures the performance of the 3,000 largest U.S. companies based on total market capitalization.

The indices are unmanaged, and their results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA, Class IB and Class IC were 0.64%, 0.89% and 1.14%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.


		19

Hartford Growth Opportunities HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Managers

Michael T. Carmen, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Mario E. Abularach, CFA

Senior Managing Director and Equity Research Analyst

Wellington Management Company LLP

Stephen Mortimer

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Growth Opportunities HLS Fund returned 11.74% for the twelve-month period ended December 31, 2015, outperforming the Fund’s benchmarks, the Russell 3000 Growth Index, which returned 5.09% for the same period, and the Russell 1000 Growth Index, which returned 5.67% for the same period. The Fund also outperformed the 2.17% average return of the Lipper Multi-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Returns varied noticeably by market-cap during the period, as large cap (+1%) equities outperformed small cap (-4%) and mid cap (-2%) equities as measured by the S&P 500, Russell 2000, and S&P MidCap 400 Indices, respectively. Six out of ten sectors in the Russell 3000 Growth Index rose during the period. The Consumer Staples (+11%), Consumer Discretionary (+10%), and Information Technology (+9%) sectors gained the most while Energy (-38%) and Materials (-8%) were the weakest.

Security selection was the main driver of outperformance relative to the Russell 3000 Growth Index during the period. Security selection was strongest in the Consumer Discretionary, Information Technology, and Healthcare sectors and offset slightly by weaker stock selection in Consumer Staples and Materials. Sector allocation, a result of the bottom-up stock selection process, also contributed to benchmark-relative performance over the period, largely due to an underweight in Materials and overweight in Information Technology, which was only partially offset by the negative impact of an underweight to Consumer Staples.

The top contributors to performance relative to the Russell 3000 Growth Index during the period were Amazon.com (Consumer Discretionary), Netflix (Consumer Discretionary), and Uber (Information Technology). Shares of Amazon.com, a U.S.-based


		20

Hartford Growth Opportunities HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

global ecommerce company, outperformed as investors reacted favorably to strong profitability and improved gross margins, sending the shares higher over the period. Shares of Netflix, a subscription internet streaming company, more than doubled during the year as growth in international markets was stronger than expected. Shares of Uber Technologies, a private technology company that provides an innovative and disruptive ridesharing service, rose due to its continued growth trajectory. Facebook (Information Technology) was among other top absolute contributors. In aggregate, the Fund’s investments in private companies were a positive contributor to relative performance.

The top absolute and relative detractors from performance during the period included GoPro (Consumer Discretionary), Platform Specialty (Materials), and Baidu (Information Technology). Shares of GoPro, a U.S.-based company that produces mountable and wearable cameras and accessories, declined due a significant slowdown in sales and a delay in the release of its new product line. Shares of Platform Specialty, a U.S.-based chemical company, fell due to earnings weakness attributable the slowdown in global growth and the rising cost of capital which has an outsized impact on this acquisition driven growth company. Shares of Baidu, a leading Chinese-language Internet search provider, fell due to lack of margin expansion during the period and increasing competition.

Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.

What is the outlook?

Despite market concerns regarding the outlook for global growth at the end of the period, the U.S. economy remained on solid footing with healthy consumer confidence, robust employment and a strong housing market. We remain constructive on the U.S. economy for 2016. The long awaited liftoff in rates in the U.S. began in December. We expect any further increases in interest rates to be a gradual process and while something to watch, it hasn’t triggered a material change to portfolio holdings at this point.

At the end of the period, the Fund was most overweight the Healthcare and Financials sectors and most underweight the Consumer Discretionary and Consumer Staples sectors relative to the Russell 3000 Growth Index.

Diversification by Sector

as of December 31, 2015


Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		14.4	%
Consumer Staples		5.5
Energy		1.1
Financials		10.8
Health Care		23.3
Industrials		11.2
Information Technology		31.9
Materials		1.2

Total		99.4	%

Fixed Income Securities
Corporate Bonds		0.1	%
Short-Term Investments		0.8
Other Assets & Liabilities		(0.3	)

Total		100.0	%


		21

Hartford Healthcare HLS Fund inception 05/01/2000


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks long-term capital appreciation.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
Healthcare IA		13.21%		23.45%		12.71%
Healthcare IB		12.98%		23.14%		12.43%
S&P North American Health Care Sector Index		6.72%		20.85%		11.31%
S&P 500 Index		1.38%		12.57%		7.31%

S&P North American Health Care Sector Index is a modified capitalization-weighted index based on United States headquartered health care companies. Stocks in the index are weighted such that each stock is no more than 7.5% of the market capitalization as of the most recent reconstitution date. The companies included in the index must be common stocks and be traded on the NYSE MKT LLC, Nasdaq or the New York Stock Exchange and meet certain established market capitalization levels.

S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

The indices are unmanaged, and their results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA and Class IB were 0.88% and 1.13%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.


		22

Hartford Healthcare HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Managers

Jean M. Hynes, CFA

Senior Managing Director and Global Industry Analyst

Wellington Management Company LLP

Ann C. Gallo

Senior Managing Director and Global Industry Analyst

Wellington Management Company LLP

Kirk J. Mayer, CFA

Senior Managing Director and Global Industry Analyst

Wellington Management Company LLP

Robert L. Deresiewicz

Senior Managing Director and Global Industry Analyst

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Healthcare HLS Fund returned 13.21%, for the twelve-month period ended December 31, 2015, outperforming the Fund’s benchmark, the S&P North American Healthcare Sector Index, which returned 6.72% for the same period. The Fund also outperformed the S&P 500 Index, which returned 1.38% for the same period. The Fund also outperformed the 9.07% average return of the Lipper Global Health and Biotechnology peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Health care stocks (+7%) outperformed both the broader U.S. market (+1%) and the global equity market (0%) during the period, as measured by the S&P North American Healthcare Sector Index, S&P 500 Index and the MSCI World Index, respectively. Within the S&P North American Health Care Sector Index, small cap biopharma returned (-29%), mid cap biopharma returned (+8%), and large cap biopharma returned (+5%), while medical technology returned (+8%) and health services returned (+8%) as well during the period.

The Fund outperformed the S&P North American Health Care Sector Index over the period due primarily to positive security selection. Security selection was especially strong within biopharma across all three capitalization subcategories. Security selection was also positive in health care services over the period. Security selection within medical technology had a negative impact on benchmark-relative performance as did overall sector allocation. Overweights to small cap biopharma and a modest cash position in an upward trending market environment detracted from relative results during the period, more than offsetting an underweight to large cap biopharma and an overweight to medical technology which contributed positively to performance relative to the S&P North American Health Care Sector Index.

Anacor Pharmaceuticals (mid cap biopharma), Galapagos (mid cap biopharma), and Shionogi (large cap biopharma) contributed most to results relative to the S&P North American Health Care Sector Index over the period. Shares of Anacor Pharmaceuticals, a U.S.-based biopharmaceutical company focused on discovering, developing and commercializing small-molecule therapeutics, rose in response to news that its topical treatment for nail fungus was approved. Shares of Galapagos, a Belgium-based biotechnology company, rose as excitement builds for several candidates in their drug pipeline, which include treatments for rheumatoid arthritis and cystic fibrosis. Shares of Shionogi, a Japan-based pharmaceutical firm, rose as the company benefited from continued strength in their HIV franchise. Bristol-Myers Squibb (large cap biopharma) was also a top contributor to absolute performance during the period, driven by strong momentum in their immuno-oncology franchise.

Tetraphase (small cap biopharma), Everyday Health (small cap biopharma), and Arena (small cap biopharma) were the top detractors from performance relative to the S&P North American Health Care Sector Index. Shares of Tetraphase, a U.S.-based clinical stage biopharmaceutical company focused on the development of antibiotics, fell after a Phase 3 study for a drug in their development pipeline missed a primary endpoint. Everyday Health, a U.S.-based owner of a collection of consumer health information websites, saw its share price decline over the period as a result of execution challenges that impacted recent earnings results. Shares of Arena, a clinical-stage biopharmaceutical company based in the U.S., also fell on concerns for the outlook of their weight loss and smoking cessation drug. Cepheid (mid cap biopharma) was a top detractor from absolute performance during the period.

Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.


		23

Hartford Healthcare HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

What is the outlook?

Looking forward, we expect more choppiness for the Healthcare sector in 2016. A number of issues may weigh on performance, including global macro factors as well as domestic political considerations, in particular related to pharmaceutical pricing.

For this period of potential market turmoil, our strategy is unchanged: namely, to seek to identify what we consider to be innovative companies that offer meaningful value to the healthcare system. In the biopharma space, our current preference, on the margin, is for mature companies with strong revenue growth, ample cash, and innovative and exciting pipelines. In healthcare products and services, we seek companies that will benefit from and/or facilitate the transition from a fee-for-service-based to a fee-for-value-based health care system.

We remain optimistic about the Healthcare sector overall. We believe that biomedical innovation is as robust as it has ever been. Evolving structures of healthcare markets globally may create clear performance separation between the best and the worst health care services companies. We believe that our approach of evaluating secular themes across a long time horizon will enable us to capitalize on these trends. As is our practice, we will aim to trim stocks on strength and to add on weakness in order to seek to generate favorable returns while minimizing risk.

Diversification by Sector

as of December 31, 2015


Sector	Percentage of Net Assets
Equity Securities
Consumer Staples		1.3	%
Health Care		96.1
Information Technology		0.2

Total		97.6	%

Short-Term Investments		2.0
Other Assets & Liabilities		0.4

Total		100.0	%


		24

Hartford High Yield HLS Fund inception 09/30/1998


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks to provide high current income, and long-term total return.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
High Yield IA		-4.30%		4.57%		6.44%
High Yield IB		-4.56%		4.30%		6.17%
Barclays U.S. Corporate High Yield Bond Index		-4.47%		5.04%		6.96%

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of March 5, 2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund.

Barclays U.S. Corporate High Yield Bond Index is an unmanaged broad-based market-value-weighted index that tracks the total return performance of non-investment grade, fixed-rate, publicly placed, dollar denominated and nonconvertible debt registered with the Securities and Exchange Commission.

The index is unmanaged, and its results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.


		25

Hartford High Yield HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Managers

Christopher A. Jones, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

David Marshak

Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford High Yield HLS Fund returned -4.30% for the twelve-month period ended December 31, 2015, outperforming the Fund’s benchmark, the Barclays U.S. Corporate High Yield Bond Index, which returned -4.47% for the same period. The Fund underperformed the -4.01% average return of the Lipper High Yield Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Fixed income markets were volatile over the twelve-month period as investors dealt with growing divergences in economic growth and central bank policy. With an improving economic outlook in the U.S. relative to the rest of the world, market participants agonized over the timing of the U.S. Federal Reserve Bank’s (Fed) first rate hike and its potential market implications. Increased risk of a Greek exit from the Eurozone and a prolonged drop in commodity prices further muddied the picture. Oil prices were extremely volatile over the period, having rebounded from record lows at the start of the year but falling again in the third and fourth quarters of 2015. Meanwhile, an unexpected devaluation in China’s currency rattled global financial markets, deepening fears about the Chinese economic slowdown and potential spillover effects on the global economy.

Many major central banks eased monetary policy during the period with some resorting to aggressive measures to counter deflation and stimulate growth. In the first half of the period, the European Central Bank (ECB) launched an open-ended government bond-buying program, which prompted other central banks to act to stop their currencies from appreciating. In China, the central bank entered into an aggressive monetary easing cycle to counter deflationary risks and slowing growth. Sub-trend growth and low inflation kept the Bank of England from enacting policy changes while the Fed charted a course for the end of quantitative easing.

Growth in the major developed markets stabilized in 2015 while emerging market growth languished, held back by a slowdown in Asia. Economic data in the Eurozone both improved and broadened out across countries; however, inflationary pressures were non-existent. The U.K. and Japan showed little sign of increased inflation despite the continued strength in their respective labor markets. In the U.S., data released during the period highlighted some conflicting themes affecting the economy. The fragile global economy, a

stronger dollar, and falling oil prices created difficult conditions for the manufacturing sector. On the other hand, domestically centered industries such as housing, retail, and service-based sectors posted solid results. While low commodity prices suppressed headline inflation, core consumer prices started to gradually move higher, giving the Fed confidence to raise rates in December. This widely anticipated rate hike marked an end to a seven-year period of near-zero interest rates, although the Federal Reserve Open Market Committee (FOMC) stated that the pace of interest-rate hikes would be very gradual and dependent on the direction of economic data. The FOMC seemingly achieved a smooth liftoff judging by the market’s relatively muted reaction following the announcement.

The Barclays U.S. Corporate High Yield Bond Index returned -4.47% for the twelve-months ended December 31, 2015 and underperformed duration equivalent treasuries by 5.77%. The Option-Adjusted Spread of the High Yield index was 6.60% on December 31, 2015, an increase of 1.77% from December 31, 2014.

The Fund outperformed the Barclays U.S. Corporate High Yield Bond Index, primarily as a result of sector allocation, due largely to underweight allocations to Metals and Mining and Energy as commodity prices remained volatile and fell sharply during the second half of the period. Our underweight to energy companies was a result of our view that many issuers had been voracious users of capital and we were concerned that many issuers were financing uncertain oil exploration projects with debt. Additionally, being overweight the Healthcare and Technology sectors contributed positively to benchmark-relative returns. On the other hand, having no exposure to the gaming sector detracted from relative returns over the period, because the sector posted strong returns. We maintained a cautious view on the sector due to recent increases in gaming capacity at a time when gaming revenues have been declining.


		26

Hartford High Yield HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

In aggregate, security selection detracted modestly from benchmark-relative results during the period. Security selection was positive in the Energy and Financials sectors. Within Energy, we focused on issuers that we believed had attractive assets and the ability to withstand an extended low oil price environment. Within Financials, our holdings of the subordinated debt of European banks that we consider to have strong credit profiles generated positive returns during a volatile period. However, this selection was partially offset by our negative credit selection within the Metals and Mining sector, where the decline in commodity prices negatively impacted most holdings, including our holdings in U.S. steel manufacturers. Additionally, selection within Utilities and retail stores detracted from relative results over the period.

Our underweight to BB-rated bonds, which outperformed their lower-rated counterparts, detracted from relative performance during the period.

A modest cash position contributed positively to returns relative to the Barclays U.S. Corporate High Yield Bond Index during the period. Our credit default swap positions on the CDX index, which are used to tactically adjust our exposure to the market, had a modestly positive impact on relative performance during the period.

What is the outlook?

We remain generally constructive on high yield, but recognize that credible threats to global growth have increased. In many sectors, particularly those leveraged to U.S. consumer demand, we have a positive view based on what we consider to be attractive valuations and favorable company fundamentals. However, we remain cautious on many issuers in the Energy and Metals and Mining sectors. We believe the economic backdrop for the high-yield market is generally supportive, but continue to closely monitor factors that could cause the commodity-related stress to spread to the broader market, including the potential impact of a strengthening U.S. dollar on the industrial economy, and trends in bank lending standards across sectors. While we expect default rates to increase through 2016, we believe defaults are likely to stay contained to commodity-related sectors.

Diversification by Security Type

as of December 31, 2015


Category	Percentage of Net Assets
Equity Securities
Common Stocks		0.3	%
Preferred Stocks		0.9

Total		1.2	%

Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		0.0	%
Convertible Bonds		0.5
Corporate Bonds		90.2
Senior Floating Rate Interests		1.5

Total		92.2	%

Short-Term Investments		5.7
Other Assets & Liabilities		0.9

Total		100.0	%


		27

Hartford International Opportunities HLS Fund inception 07/02/1990


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks long-term growth of capital.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
International Opportunities IA		1.88%		4.24%		5.59%
International Opportunities IB		1.65%		3.99%		5.33%
MSCI All Country World ex USA Index		-5.25%		1.51%		3.38%

MSCI All Country World ex USA Index is a broad-based, unmanaged, market capitalization weighted, total return index that measures the performance of both developed and emerging stock markets, excluding the U.S. The index is calculated to exclude companies and share classes which cannot be freely purchased by foreigners.

The index is unmanaged, and its results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA and Class IB were 0.73% and 0.98%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.


		28

Hartford International Opportunities HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Managers

Nicolas M. Choumenkovitch

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Tara E. Stilwell, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford International Opportunities HLS Fund returned 1.88% for the twelve-month period ended December 31, 2015, outperforming the Fund’s benchmark, the MSCI All Country World ex USA Index (“MSCI AC World ex USA Index”), which returned -5.25% for the same period. The Fund outperformed the 0.24% average return of the Lipper International Multi-Cap Growth Fund peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

International equities rebounded in the fourth quarter (+3.3%), but finished the year in the red (-5.3%), as measured by the MSCI AC World ex USA Index. Early in the period, there were many negative headlines causing investors to be uneasy. Europe’s economy remained near stall speed, oil prices plunged, Chinese manufacturing data disappointed, and questions again rose around Greece’s future in the European Union. Despite the negative headlines, Europe was a bright spot during the beginning of the period due to further accommodative monetary policy and encouraging economic data, including positive trends in manufacturing, exports, and economic sentiment. During the first half of the fiscal year, the Bank of Japan expanded its quantitative easing policy, the People’s Bank of China surprised markets with further rate cuts, and the European Central Bank (ECB) announced a €1.14 trillion open-ended sovereign debt quantitative easing program to combat record-low inflation and stimulate growth in Europe. In late June, the Greek debt crisis took center stage. Negotiations between Greece and its creditors regarding Greece’s loan repayments broke down and Greece missed its scheduled loan payment due to the International Monetary Fund on June 30.

In the second half of the fiscal year, worries about an economic growth slowdown in China dominated the market narrative. Fears were amplified near the middle of August when China unexpectedly devalued its currency, triggering concerns about global disinflationary trends and a weaker-than-anticipated global growth backdrop. During September, Chinese manufacturing activity fell to its lowest level since 2009. Risk appetites were also dampened by the ECB’s cut in its Eurozone growth and inflation outlook and the downgrade of Brazil’s debt to below investment-grade. Global equities rallied in October amid increasing signs of extended monetary policy

accommodation by major central banks. Geopolitical tensions flared up during November, including the terrorist attacks in Paris and the downing of a Russian warplane by the Turkish Air Force near the Syrian border. In December, the much anticipated monetary policy divergence came to fruition with the ECB and Bank of Japan (BoJ) announcing additional policy easing, while the U.S. Federal Reserve (Fed) initiated its well-telegraphed interest rates liftoff. The market initially reacted positively to the news, but remained volatile through the end of the year as investors digested the impact of the rate increase and global economic development. Robust global merger and acquisition (M&A) activity continued to fuel bullish sentiment. 2015 global M&A volume surpassed the $5 trillion mark for the first time ever, eclipsing the previous annual record set in 2007 ($4.61 trillion).

Non-U.S. stocks, as measured by the MSCI AC World ex USA Index, fell during the period (-5.25%). Eight of ten sectors in the index posted negative returns during the period; Energy (-21%), Materials (-19%), and Utilities (-9%) fell the most, while Healthcare (+6%) and Consumer Staples (+5%) rose.

The Fund outperformed the MSCI AC World ex USA Index, due predominantly to security selection, while sector allocations also contributed. Security selection was strongest within the Financials, Healthcare, and Consumer Discretionary sectors. This was partially offset by weaker selection within the Information Technology and Energy sectors. Sector allocation, a result of our bottom-up security selection process, also contributed to performance relative to the MSCI AC World ex USA Index during the period. An overweight to the Healthcare sector and an underweight to the Materials and Energy sectors contributed to benchmark relative returns, which was partially offset by an underweight to Consumer Staples.

Top contributors to performance relative to the MSCI AC World ex USA Index during the period included Ono Pharmaceutical (Healthcare), Hong Kong Exchanges (Financials), and Nippon (Telecommunication Services). Ono Pharmaceutical, a Japan-based pharmaceutical company, is a developer of immuno-oncology treatments, and shares the rights and economics with Bristol-Myers Squibb on key immuno-oncology assets. The company’s shares performed well as the prospects for their immuno-oncology drug, Opdivo, remain positive as it expanded into multiple cancer indications. Shares of Hong Kong


		29

Hartford International Opportunities HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

Exchanges, an operator of the only stock and futures exchange in Hong Kong and their related clearing houses, outperformed as further liberalization of the Chinese financial system drove a large increase in equity market trading volumes, which benefited the exchange’s profitability. The company has also benefited from increased trading volume generated by the new Hong Kong-Shanghai Connect program which facilitates trading between the Hong Kong Exchange and the Shanghai Exchange. The stock price of Nippon, a Japan-based company operating in wired and wireless telecommunications services, rose in the fourth quarter as the company lifted profit guidance for 2016 after their most recent quarterly results were better than anticipated.

The largest relative detractors from returns relative to the MSCI AC World ex USA Index included ICICI Bank (Financials), SK Hynix (Information Technology), and Cemex AB (Materials). Shares of ICICI Bank, an India-based bank and financial services company, underperformed as non-performing loans have been higher than market expectations. Shares of SK Hynix, a Korean semiconductor company, underperformed on concerns of a continued slowdown in PC sales and weak memory pricing. Cemex AB, a global cement company based in Mexico, saw its share price decline as the company continues to face difficult conditions for foreign exchange as well as weaker volumes in Mexico. China Life (Financials) was also an absolute detractor from performance during the period.

Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.

What is the outlook?

Our outlook for international equities moving forward has deviated little from three months ago. We believe growth will continue to be modest, but choppy, with more focus around the slowdown in China and the broader implications on the world economy. In Europe, the stance of the portfolio remains mostly unchanged from last quarter. We think Europe remains stable as the ECB continues its monetary expansion which has provided support for riskier assets. Domestic demand indicators remain fairly strong and we believe credit conditions should continue to support reasonable growth. We do think volatility will remain elevated overall as the global equity market continues adjusting to the current environment.

At the end of the period, relative to the MSCI AC World ex USA Index, we were most overweight Healthcare, Consumer Discretionary, and Information Technology, and most underweight Materials, Telecommunication Services, and Consumer Staples. On a regional basis, we ended the period with an overweight to Europe ex-UK and Japan. We ended the period underweight Asia Pacific ex Japan and the UK.

Currency Concentration of Securities

as of December 31, 2015


Description	Percentage of Net Assets
Brazilian Real		0.2	%
British Pound		12.2
Canadian Dollar		6.3
Danish Krone		0.4
Euro		31.4
Hong Kong Dollar		4.5
Indian Rupee		4.8
Japanese Yen		16.9
South Korean Won		1.3
Swedish Krona		1.9
Swiss Franc		7.1
Taiwanese Dollar		2.6
United States Dollar		10.3
Other Assets & Liabilities		0.1

Total		100.0	%

Diversification by Sector

as of December 31, 2015


Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		14.5	%
Consumer Staples		8.3
Energy		6.0
Financials		26.1
Health Care		17.6
Industrials		9.2
Information Technology		10.1
Materials		1.3
Telecommunication Services		2.3
Utilities		1.6

Total		97.0	%

Short-Term Investments		2.9
Other Assets & Liabilities		0.1

Total		100.0	%


		30

Hartford MidCap HLS Fund inception 07/14/1997


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks long-term growth of capital.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
MidCap IA		1.60%		11.72%		8.89%
MidCap IB		1.34%		11.43%		8.62%
S&P MidCap 400 Index		-2.18%		10.68%		8.18%

S&P MidCap 400 Index is an unmanaged index of common stocks of companies chosen by S&P designed to represent price movements in the mid-cap U.S. equity market.

The index is unmanaged, and its results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA and Class IB were 0.70% and 0.95%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.


		31

Hartford MidCap HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Managers

Philip W. Ruedi, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Mark A. Whitaker, CFA

Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford MidCap HLS Fund returned 1.60% for the twelve-month period ended December 31, 2015, outperforming the Fund’s benchmark, the S&P MidCap 400 Index, which returned -2.18% for the same period. The Fund also outperformed the -4.13% average return of the Lipper Mid-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term.” After much anticipation, the Fed delivered its first rate hike since 2006 in December, approving a small increase in the federal funds rate. The market initially reacted positively to the news, but remained volatile through the end of the year as investors digested the impact of the rate increase and global economic developments.

Returns varied noticeably by market-cap during the period, as small cap equities (-4%) and mid cap equities (-2%) underperformed large cap equities (+1%), as represented by the Russell 2000, the S&P MidCap 400, and the S&P 500, Indices, respectively. Within the S&P MidCap 400 Index, only three out of ten sectors posted positive returns during the twelve-month period. The Healthcare (+10%), Financials (+5%), and Information Technology (+1%) sectors posted positive returns while the Energy (-33%), Materials (-13%), and Telecommunication Services (-13%) sectors lagged the most on a relative and absolute basis.

The Fund’s outperformance relative to the S&P MidCap 400 Index during the period was driven primarily by strong security selection. Strong security selection in the Information Technology, Financials, and Industrials sectors offset weaker selection in Consumer Discretionary. Sector allocation, a result of the bottom-up security selection process, also contributed to relative returns over the period. An overweight to Healthcare and an underweight to Materials contributed to relative returns, while an overweight to Energy and an underweight to Financials detracted from relative performance over the period.

Top contributors to relative and absolute performance during the period were Equifax (Industrials), Vantiv (Information Technology), and Genpact (Information Technology). Shares of Equifax, a U.S.-based provider of information solutions and human resources business process outsourcing services, rose on strong revenues and earnings over the period. Shares of Vantiv, a U.S.-based merchant acquirer that connects businesses to credit card companies, rose over the period as they continued to benefit from the secular trend of moving away from payment by cash and check to electronic transactions. Genpact, an Indian company engaged in business process management, outsourcing, shared services and information outsourcing, outperformed over the period as they have seen solid


		32

Hartford MidCap HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

client growth and signed two large transformational deals. Alkermes (Healthcare) was also a top absolute contributor over the period.

Top detractors from performance relative to the S&P MidCap 400 Index during the period were Nimble Storage (Information Technology), Genesee & Wyoming (Industrials), and Harley-Davidson (Consumer Discretionary). Shares of Nimble Storage, a U.S.-based firm that engineers and delivers data storage platforms, fell during the period. The company is facing margin pressures as it seeks to grow rapidly amidst intense competition. Genesee & Wyoming, a U.S.-based short line railroad operator, also underperformed over the period. The stock has been pressured by weak customer demand, particularly in commodities and Industrials, but we believe these pressures are temporary and we remain confident in the value of its assets and management’s capital allocation skill. Shares of Harley-Davidson, a U.S.-based motorcycle manufacturer, fell as the motorcycle retailer’s results fell far short of consensus estimates, sending the company’s shares to a two-year low. Apollo Education (Consumer Discretionary) was also a top absolute detractor over the period.

Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.

What is the outlook?

While we believe the United States will remain the preferred market for investment on a global basis, emerging market fundamentals remain weak and China’s economic growth rate is adjusting to a new, long term rate. It is unclear whether recent industrial weakness in the U.S. will affect domestic consumer demand.

As a result of our bottom-up, company specific process based on FVE (fundamentals, valuation, and expectations), we ended the period overweight the Industrials, Healthcare, and Information Technology sectors. Our Industrial holdings include market leaders across transportation, waste disposal, temporary staffing, credit reporting agencies, and leading niche manufacturers. In the Healthcare sector, our past emphasis on biotech has shifted to devices and services with strong fundamentals driven by demographics and health care reforms. Within Information Technology, we have strong exposure to the cloud, the internet, merchant acquirers, and solar power. Our largest underweight at year-end was in the Financial sector, where we continue to find what we consider to be unattractive investments in real estate investment trusts.

Diversification by Sector

as of December 31, 2015


Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		11.3	%
Consumer Staples		0.7
Energy		5.6
Financials		16.7
Health Care		16.4
Industrials		23.2
Information Technology		20.6
Materials		3.2
Utilities		2.1

Total		99.8	%

Short-Term Investments		0.2
Other Assets & Liabilities		0.0

Total		100.0	%


		33

Hartford MidCap Value HLS Fund inception 04/30/2001


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks long-term capital appreciation.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
MidCap Value IA		-1.21%		10.47%		7.85%
MidCap Value IB		-1.45%		10.19%		7.58%
Russell 2500 Value Index		-5.49%		9.23%		6.51%
Russell MidCap Value Index		-4.78%		11.25%		7.61%

Russell 2500 Value Index is an unmanaged index that measures the performance of those Russell 2500 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 2500 Index is an unmanaged index that measures the performance of the 2,500 smallest U.S. companies based on total market capitalization.

Russell MidCap Value Index measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell MidCap Index companies with lower price-to-book ratios and lower forecasted growth values.

The indices are unmanaged, and their results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA and Class IB were 0.84% and 1.09%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.


		34

Hartford MidCap Value HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Manager

James N. Mordy

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford MidCap Value HLS Fund returned -1.21% for the twelve-month period ended December 31, 2015, outperforming the Fund’s benchmark, the Russell 2500 Value Index, which returned -5.49% for the same period. The Fund also outperformed the Russell MidCap Value Index, which returned -4.78% for the same period. The Fund also outperformed the -4.13% average return of the Lipper Mid-Cap Core Fund peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

In the second half of the period, the U.S. economy remained on solid footing, with a sharp rebound in gross domestic product (GDP), a seven-year low in unemployment, and a healthy housing market report. While the growth slowdown in China and its implications for global commerce fueled investor anxiety, uncertainty about the Fed’s rate hike timeline also weighed on sentiment. During August and September, the market remained extremely volatile and experienced its first correction (a decline of at least 10%) since October 2011. Oil prices and the Energy sector as a whole remained extremely volatile, with prices recovering from the initial drop earlier in the period and falling sharply towards the end of the year. As many market participants expected, the Fed left rates unchanged at its highly anticipated September meeting. The Fed’s statement appeared to spook some investors as it acknowledged that “recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation

in the near term.” After much anticipation, the Fed delivered its first rate hike since 2006 in December, approving a small increase in the federal funds rate. The market initially reacted positively to the news, but remained volatile through the end of the year as investors digested the impact of the rate increase and global economic developments.

Returns varied noticeably by market-cap during the period, as small cap equities (-4%) and mid cap equities (-2%) underperformed large cap equities (+1%), as represented by the Russell 2000, the S&P MidCap 400, and the S&P 500, Indices, respectively. Within the Russell 2500 Value Index, only three out of ten sectors posted positive returns during the twelve-month period. The Energy (-41%), Materials (-21%), and Telecommunication Services (-11%) sectors performed the worst while the Healthcare (+7%), Financials (+2%), and Information Technology (-2%) sectors performed the best over the period.

The Fund’s outperformance relative to the Russell 2500 Value Index was driven by strong security selection. Positive stock selection within the Energy, Financials, and Consumer Discretionary sectors more than offset weaker stock selection within the Industrials and Utilities sectors. Sector allocation, a result of the bottom-up security selection process, detracted from relative results over the period, primarily due to an underweight to Financials and overweight allocations to Materials and Consumer Discretionary. An overweight to Healthcare and to Information Technology contributed positively to benchmark-relative performance over the period.

The largest contributors to absolute performance and performance relative to the Russell 2500 Value Index included Ono Pharmaceutical (Healthcare), Extra Space Storage (Financials), and Equity Lifestyle (Financials). Shares of Ono Pharmaceutical, a Japan-based biopharmaceutical company, rose over the period as the U.S. FDA approved their Opdivo drug for multiple cancer treatments during the year, including kidney and lung cancer indications. Shares of Extra Space Storage, a U.S.-based owner and operator of storage facilities, rose after the company reported second quarter 2015 results that beat consensus estimates and raised guidance for fiscal year 2015. Equity Lifestyle, a U.S.-based real estate investment trust (REIT) focused on owning and operating manufactured home communities and recreational vehicle (RV) resorts throughout North America, outperformed over the period due to strong earnings and steady growth in the RV market.

The largest detractors from absolute performance and performance relative to the Russell 2500 Value Index included Performance Sports


		35

Hartford MidCap Value HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

(Consumer Discretionary), Brookdale Senior Living (Healthcare), and Verint Systems (Information Technology). Shares of Performance Sports, a U.S.-based firm engaged in the design, manufacture and distribution of performance sports equipment, declined over the period due to the weakening Canadian dollar. Brookdale Senior Living, an operator of high quality senior living facilities in the U.S., underperformed due to possible regulation preventing companies from spinning off real estate assets into tax-advantaged REITs. The market had anticipated the company would unlock value through a spin-off, and the stock price declined on the news. Shares of Verint Systems, a U.S. provider of analytical software for the security and business intelligence markets, fell over the period due to weak earnings caused by elongated sales and approval cycles.

Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.

What is the outlook?

Following the initial Fed interest rate hike in late 2015, we believe that global equity markets will have a rocky start heading into 2016. The U.S. manufacturing economy finished 2015 in recessionary-like fashion with a December Purchasing Managers Index (PMI) of 48.2%, a steep decline from where we were a year ago. Fortunately, the service economy continues to grow and consumer spending is supported by job growth, accelerating wage growth and the lagged benefits of lower energy costs. We believe the negative impacts to the industrial economy from inventory destocking, the stronger dollar and the Energy sector should lessen in 2016; and government spending may add to growth relative to recent years. The global picture is much more complicated as China, Brazil and Russia unwind their excesses, and emerging markets generally feel the burden of rising debt levels. Led by the emerging markets, global nominal GDP growth has slowed to about half the rate that we averaged in the years prior to the global financial crises. We believe that the deflationary impact from this has pressured commodity prices, earnings, and interest rates and is now manifesting in higher credit spreads. Given less room for error we expect stock market volatility to remain high as investors remain anxious about increased vulnerability to any accident which could knock the economy off its course. While most of the traditional signals of imminent recession are not yet flashing red, it is also difficult to imagine catalysts for growth significantly above the base case. It also seems reasonable to expect the Fed to err on the side of caution in upcoming months in our opinion.

In terms of our approach going forward we acknowledge the elevated risk level. We may be less forgiving of companies falling short on fundamentals. As we have done in the Energy sector, if stress levels increase in other areas we will seek to upgrade to stocks of higher quality companies, while seeking to maintain our value discipline and seeking to not pay excessive safety premiums. We ended the period with the largest relative overweights in Consumer Discretionary,

Materials, and Information Technology and the largest underweights in Financials, Utilities, and Consumer Staples relative to the Russell 2500 Value Index.

Diversification by Sector

as of December 31, 2015


Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		14.8	%
Consumer Staples		1.7
Energy		5.8
Financials		32.2
Health Care		4.7
Industrials		12.9
Information Technology		11.2
Materials		8.8
Telecommunication Services		0.5
Utilities		6.0

Total		98.6	%

Short-Term Investments		1.3
Other Assets & Liabilities		0.1

Total		100.0	%


		36

Hartford Small Company HLS Fund inception 08/09/1996


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks growth of capital.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
Small Company IA		-8.21%		9.66%		7.05%
Small Company IB		-8.45%		9.38%		6.79%
Russell 2000 Growth Index		-1.38%		10.67%		7.95%

Russell 2000 Growth Index is an unmanaged index of those Russell 2000 Index growth companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2000 Index is a broad-based unmanaged index comprised of 2,000 of the smallest U.S.-domiciled company common stocks (on the basis of capitalization) that are traded in the United States on the New York Stock Exchange, NYSE MKT LLC and Nasdaq.

The index is unmanaged, and its results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA and Class IB were 0.71% and 0.96%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.

For additional information regarding the prior performance history of the Fund, please see the section entitled “Performance Notes” in the Fund’s prospectus.

The Fund is closed to new investors until further notice. For more information, please see the Fund’s prospectus.


		37

Hartford Small Company HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Managers

Steven C. Angeli, CFA

Senior Managing Director, Equity Portfolio Manager

Wellington Management Company LLP

Stephen Mortimer

Senior Managing Director, Equity Portfolio Manager

Wellington Management Company LLP

Mario E. Abularach, CFA

Senior Managing Director, Equity Research Analyst

Wellington Management Company LLP

Mammen Chally, CFA

Senior Managing Director, Equity Portfolio Manager

Wellington Management Company LLP

Jamie A. Rome, CFA*

Senior Managing Director, Equity Portfolio Manager

Wellington Management Company LLP

* Effective January 7, 2016, Jamie A. Rome is no longer a portfolio manager for the Fund.

How did the Fund perform during the period?

The Class IA shares of Hartford Small Company HLS Fund returned -8.21% for the twelve-month period ended December 31, 2015, underperforming the Fund’s benchmark, the Russell 2000 Growth Index which returned -1.38% for the same period. The Fund also underperformed the -1.86% average return of the Lipper Small-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

In the second half of the period, the U.S. economy remained on solid footing, with a sharp rebound in Gross Domestic Product (GDP), a

seven-year low in unemployment, and a healthy housing market report. While the growth slowdown in China and its implications for global commerce fueled investor anxiety, uncertainty about the Fed’s rate hike timeline also weighed on sentiment. During August and September, the market remained extremely volatile and experienced its first correction (a decline of at least 10%) since October 2011. Oil prices and the Energy sector as a whole remained extremely volatile, with prices recovering from the initial drop earlier in the period and falling sharply towards the end of the year. As many market participants expected, the Fed left rates unchanged at its highly anticipated September meeting. The Fed’s statement appeared to spook some investors as it acknowledged that “recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term.” After much anticipation, the Fed delivered its first rate hike since 2006 in December, approving a small increase in the federal funds rate. The market initially reacted positively to the news, but remained volatile through the end of the year as investors digested the impact of the rate increase and global economic developments.

Returns varied noticeably over the period by market-cap, as small cap (-4%) and mid cap (-2%) equities underperformed large cap (+1%) equities as measured by the Russell 2000, S&P MidCap 400, and the S&P 500 Indices, respectively. Growth (+5%) stocks outperformed value (-4%) stocks during the period, as measured by the Russell 3000 Growth and Russell 3000 Value Indices. Five of the ten sectors in the Russell 2000 Growth Index had positive returns during the period. Utilities (+16%), Healthcare (+9%), and Information Technology (+5%) performed best, while Energy (-35%), Materials (-17%), and Industrials (-12%) lagged the broader index.


		38

Hartford Small Company HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

Stock selection was the main driver of underperformance relative to the Russell 2000 Growth Index, primarily due to weak selection within the Information Technology, Industrials, and Healthcare sectors. This was partially offset by stronger selection in the Materials and Energy sectors. Sector allocation, which is the result of bottom-up stock selection, also detracted from relative returns, primarily due to an underweight to Healthcare and an overweight to the Industrials sector which offset the positive impacts of underweight allocations to the Consumer Discretionary and Consumer Staples sectors and an overweight to the Financials sector.

Top detractors from relative returns during the period included Platform Specialty (Materials), Kate Spade (Consumer Discretionary), and Swift Transportation (Industrials). Shares of Platform Specialty, a U.S.-based chemical company, and Swift Transportation, a trucking company, fell as widening bid-ask spreads in the U.S. high yield market led to a broad sell-off of levered companies. We transitioned the Fund’s investment in Swift Transportation to Knight Transportation in light of Knight’s stronger balance sheet in our opinion. Shares of Kate Spade, a U.S.-based designer and marketer of a range of accessories and apparel, fell during the period after the company reported in-store sales that missed expectations. Nomad Foods (Consumer Staples) was also a top detractor from absolute performance.

Top contributors to relative performance during the period included Anacor Pharmaceuticals (Healthcare), DexCom (Healthcare), and WNS (Information Technology). Shares of Anacor Pharmaceuticals, a U.S.-based biopharmaceutical company focused on discovering, developing and commercializing small-molecule therapeutics, rose in response to the news that its topical treatment for nail fungus was approved. Shares of DexCom, a Healthcare equipment company, outperformed during the period after the company announced quarterly results that exceeded expectations on increasing patient additions and technology/equipment upgrades. Shares of WNS, a business process management services company, rose as growth in end market demand and a secular trend toward outsourcing routine business processes supported results. Tyler Technologies (Information Technology) contributed to absolute returns during the period.

Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.

What is the outlook?

As 2016 begins, we plan to be focused on consistently applying and continuously refining our investment process. With a watchful eye on developments in China and high-yield markets in the U.S., we continue to seek to identify new and exciting opportunities in the small cap growth asset class. This year brought one of the most challenging market environments we have encountered, but we end the year believing the portfolio is well-positioned.

As a result of our bottom-up, stock-by-stock investment decisions, the Fund ended the period most overweight the Financials, Materials, and Energy sectors relative to the Russell 2000 Growth Index. The Fund ended the year most underweight the Healthcare, Consumer Discretionary, and Consumer Staples sectors relative to the Russell 2000 Growth Index.

Diversification by Sector

as of December 31, 2015


Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		13.0	%
Consumer Staples		1.1
Energy		2.0
Financials		15.3
Health Care		22.1
Industrials		13.2
Information Technology		23.9
Materials		5.5

Total		96.1	%

Short-Term Investments		4.1
Other Assets & Liabilities		(0.2	)

Total		100.0	%


		39

Hartford Small/Mid Cap Equity HLS Fund inception 05/01/1998


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks long-term growth of capital.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
Small/Mid Cap Equity IA		-4.73%		9.57%		6.95%
Small/Mid Cap Equity IB		-4.97%		9.29%		6.68%
Russell 2500 Index		-2.90%		10.32%		7.56%

Performance information from December 4, 2006 through June 4, 2012 includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of June 4, 2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund. Performance information prior to December 4, 2006 represents performance of other previous sub-advisers.

Includes the Fund’s performance when it invested, prior to February 1, 2010, at least 80% of its assets in common stocks of mid-capitalization companies.

Class IB shares commenced on March 31, 2008. Class IB shares performance prior to that date reflects Class IA shares performance adjusted to reflect the 12b-1 fee of 0.25% applicable to Class IB shares. The performance after such date reflects actual Class IB shares performance.

Russell 2500 Index measures the performance of the small to mid-cap segment of the U.S. equity universe, commonly referred to as “smid” cap. The Russell 2500 Index is a subset of the Russell 3000 Index and includes approximately 2500 of the smallest

securities based on a combination of their market capitalization and current index membership.

The index is unmanaged, and its results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA and Class IB were 0.85% and 1.10%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.


		40

Hartford Small/Mid Cap Equity HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Manager

David J. Elliott, CFA

Managing Director, Co-Director, Quantitative Investments and Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Small/Mid Cap Equity HLS Fund returned -4.73% for the twelve-month period ended December 31, 2015, underperforming the Fund’s benchmark, the Russell 2500 Index, which returned -2.90%. For the same period, the Fund also underperformed the -4.13% average return of the Lipper Mid-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities, as measured by the S&P 500 Index, rose modestly during the twelve-month period, although small and mid cap equities lagged, with the Russell 2500 Index posting negative returns. U.S. stocks retreated briefly early in 2015, but then reached new all-time highs on March 2, April 24, and May 21. The market pulled back in early March as soft manufacturing data, potentially negative currency- and oil-related earnings, and valuation concerns weighed on investors’ minds. However, risk appetites increased after the March 18 Federal Open Market Committee (FOMC) statement underlined the U.S. Federal Reserve’s (Fed) hesitation to raise rates as U.S. domestic inflation remained subdued and other major central banks maintained an easing bias. In April, the tech-heavy Nasdaq Composite topped the 5,000 mark for the first time in 15 years and broke its closing record from March 2000. Continued strong merger and acquisition (M&A) activity, a rebound in hiring, and solid housing data helped to fuel risk appetites. May marked the second-best month ever for M&As involving U.S. companies with $234 billion in announced mergers. Stocks ended June on a sour note after negotiations between Greece and its creditors regarding Greece’s loan repayments broke down.

somewhat and are likely to put further downward pressure on inflation in the near term.” After much anticipation, the Fed delivered its first rate hike since 2006 in December, approving a small increase in the federal funds rate. The market initially reacted positively to the news, but remained volatile through the end of the year as investors digested the impact of the rate increase and global economic developments.

Seven of the ten sectors in the Russell 2500 Index posted negative absolute returns during the period. Energy (-40%), Materials (-13%) and Telecommunication Services (-10%) fell the most while Healthcare (+10%), Information Technology (+2%), and Financials (+2%) posted positive returns for the year.

The Fund’s underperformance relative to the Russell 2500 Index was driven by weak stock selection, particularly in the Financials, Consumer Discretionary, and Information Technology sectors. This was partially offset by stronger stock selection in the Energy, Healthcare, and Industrials sectors. Overall sector positioning contributed positively to returns relative to the Russell 2500 Index during the period due primarily to an underweight to Materials and an overweight to Information Technology. An overweight to Energy and an underweight to Healthcare detracted from results relative to the Russell 2500 Index during the period.

The largest detractors from absolute performance and performance relative to the Russell 2500 Index during the period were Dillards (Consumer Discretionary), PDL BioPharma (Healthcare), and Meritor (Industrials). Shares of Dillards, a U.S.-based retailer, fell over the year as it missed revenue and earnings expectations multiple times and lowered forward earnings guidance, as it faces increased competition. PDL BioPharma is a firm based in the U.S. that manages a portfolio of patents and royalty assets, which it licenses out to biotechnology and pharmaceutical companies. The share price of PDL BioPharma fell as the company saw a drop-off in sales in the third quarter, in large part due to Valeant’s failure to pay contractual royalties on sales of Glumetza. PDL BioPharma is also facing questions on its future revenue stream as licensing deals to its top patents are expiring. Meritor, a U.S.-based manufacturer of automobile components, particularly for trucks, saw its share price fall in the second half of 2015 as it saw declines in its revenue year-over-year and as the entire heavy-truck component sector faced difficult conditions.

The largest contributors to absolute performance and performance relative to the Russell 2500 Index during the period were Anacor Pharmaceuticals (Healthcare), Alaska Air (Industrials), and Valero


		41

Hartford Small/Mid Cap Equity HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

(Energy). Shares of Anacor, a biopharmaceutical company focused on discovering, developing and commercializing small-molecule therapeutics, rose in response to approved topical treatment for nail fungus. Shares of U.S.-based airline Alaska Air rose as it continued to experience revenue growth and the company has added new routes while expanding capacity on its existing routes. The stock price of Valero, an independent oil refiner, soared during the period even as it has faced lower gasoline prices. Cheaper oil prices have allowed the company to expand its profit margin, even as overall revenues have fallen.

Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.

What is the outlook?

The Fund seeks to add value by utilizing Wellington Management’s proprietary quantitative research and investment tools in a highly disciplined framework. The Fund focuses on stock selection as the key driver of returns and uses quantitative portfolio optimization techniques to seek to minimize unintended and uncompensated risks. Based on individual stock decisions, the Fund ended the period most overweight the Consumer Discretionary and Financials sectors and most underweight the Healthcare and Information Technology sectors relative to the Russell 2500 Index.

Diversification by Sector

as of December 31, 2015


Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		15.1	%
Consumer Staples		2.6
Energy		3.4
Financials		26.5
Health Care		11.3
Industrials		15.0
Information Technology		14.4
Materials		5.5
Telecommunication Services		1.0
Utilities		4.3

Total		99.1	%

Short-Term Investments		0.7
Other Assets & Liabilities		0.2

Total		100.0	%


		42

Hartford SmallCap Growth HLS Fund inception 05/02/1994


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks long-term capital appreciation.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
SmallCap Growth IA		-0.55%		12.67%		8.22%
SmallCap Growth IB		-0.79%		12.39%		7.95%
Russell 2000 Growth Index		-1.38%		10.67%		7.95%

The index is unmanaged, and its results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA and Class IB were 0.65% and 0.90%,

respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.

For additional information regarding the prior performance history of the Fund, please see the section entitled “Performance Notes” in the Fund’s prospectus.

The Fund is closed to new investors until further notice. For more information, please see the Fund’s prospectus.


		43

Hartford SmallCap Growth HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Managers

Mammen Chally, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

David J. Elliott, CFA

Managing Director, Co-Director, Quantitative Investments and Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford SmallCap Growth HLS Fund returned -0.55% for the twelve-month period ended December 31, 2015, outperforming the Fund’s benchmark, the Russell 2000 Growth Index, which returned -1.38%. For the same period, the Fund also outperformed the -1.86% average return of the Lipper Small-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

spook some investors as it acknowledged that “recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term.” After much anticipation, the Fed delivered its first rate hike since 2006 in December, approving a small increase in the federal funds rate. The market initially reacted positively to the news, but remained volatile through the end of the year as investors digested the impact of the rate increase and global economic developments.

Large cap equities (+1%) outperformed small cap equities (-4%) during the period, as measured by the S&P 500 and Russell 2000 Indices, respectively. Growth equities (+5%) outperformed value equities (-4%) during the period, as measured by the Russell 3000 Growth and Russell 3000 Value Indices, respectively. Five of the ten sectors in the Russell 2000 Growth Index had positive returns during the period. Utilities (+16%), Healthcare (+9%), and Information Technology (+5%) performed best, while Energy (-35%) and Materials (-17%) lagged the broader index.

Security selection was the primary driver of the Fund’s outperformance relative to the Russell 2000 Growth Index. Selection was strongest within the Information Technology, Healthcare, and Financials sectors and weakest within the Consumer Discretionary sector. Sector allocation, which is a result of bottom-up security selection, contributed modestly to relative results. Underweights to Consumer Discretionary and overweights to Consumer Staples and Financials contributed positively to benchmark-relative performance, while an underweight to Healthcare detracted.

Anacor (Healthcare), Heartland Payment (Information Technology), and DexCom (Healthcare) were top relative contributors to results relative to the Russell 2000 Growth Index over the period. Shares of Anacor, a biopharmaceutical company focused on discovering, developing and commercializing small-molecule therapeutics, rose in response to the recently approved (2014) topical treatment for nail fungus. Shares of Heartland Payment, a company that provides end-to-end electronic payment processing services to merchants, rose after Global Payments announced it would acquire Heartland for a substantial premium. Shares of DexCom, a Healthcare equipment company, outperformed during the period after the company announced quarterly results that exceeded expectations on increasing patient additions and technology/equipment upgrades.


		44

Hartford SmallCap Growth HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

DexCom’s Management announced strong quarterly revenue growth and raised sales guidance for the full fiscal year. Top absolute contributors during the period also included Tyler Technologies (Information Technology).

The top relative detractors from performance relative to the Russell 2000 Growth Index over the period were Vince (Consumer Discretionary), Kate Spade (Consumer Discretionary), and Synageva (Healthcare). Shares of Vince, an apparel vendor primarily focused on high-end department stores, fell after company management positioned 2015 performance below Street expectations due to a slowdown in their wholesale business. Shares of Kate Spade, a U.S.-based designer and marketer of a range of accessories and apparel, fell during the period after the company reported in-store sales that missed expectations. Sales at the company’s brick-and-mortar stores rose 6% in the first quarter from a year ago, but analysts were expecting 8% growth. Shares of Synageva, a biopharmaceutical firm focused on developing therapies for patients with rare “orphan” diseases, outperformed on news of a merger with Alexion; not holding this benchmark constituent detracted from results. Swift Transportation (Industrials) and La Quinta Holdings (Consumer Discretionary) were among top detractors from absolute performance over the period.

Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.

What is the outlook?

We believe the U.S. economy remains in a period of moderate economic growth, led by a steady expansion of consumption, housing, and technology spending. However, we are starting to have some concerns about the health of the U.S. manufacturing sector. The ISM Purchasing Managers Index (PMI) was below the 50 threshold during November and December. This indicated a contraction of the manufacturing sector in November and December, as difficult conditions from the stronger U.S. dollar and weak global demand continued to weigh on activity. Ongoing weakness could have negative implications for sectors beyond just Industrials. For instance, Financials could be adversely impacted if credit deteriorates in a long-term cycle of manufacturing weakness. Despite this risk, there are plenty of reasons to remain optimistic about the U.S. Employment trends remain very solid, cheap gasoline should support consumption, and housing is unlikely to be derailed by the Fed’s gradual pace of interest rate hikes, in our opinion.

Overall, we continue to find what we view as attractively valued stocks with the characteristics we seek. We continue to monitor policy decisions and economic trends which may impact our holdings. We remain consistent in adhering to our disciplined portfolio construction process that we believe allows us to assess risk and weigh individual positions accordingly, and in the process build a

portfolio that focuses largely on stock selection for seeking to generate outperformance relative to the Russell 2000 Growth Index.

As a result of bottom-up stock selection, the Fund’s top overweights at the end of the period included Consumer Staples, Financials, and Materials. Healthcare, Information Technology, and Consumer Discretionary constituted the greatest underweights relative to the Russell 2000 Growth Index at the end of the period.

Diversification by Sector

as of December 31, 2015


Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		15.4	%
Consumer Staples		4.4
Energy		1.2
Financials		11.5
Health Care		26.0
Industrials		12.0
Information Technology		23.9
Materials		4.3
Telecommunication Services		0.5

Total		99.2	%

Short-Term Investments		1.1
Other Assets & Liabilities		(0.3	)

Total		100.0	%


		45

Hartford Stock HLS Fund inception 08/31/1977


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks long-term growth of capital.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
Stock IA		2.74%		11.34%		6.74%
Stock IB		2.48%		11.06%		6.47%
Russell 1000 Index		0.92%		12.44%		7.40%

Russell 1000 Index is an unmanaged index that measures the performance of the 1,000 largest companies in the Russell 3000 Index, which measures the performance of the 3,000 largest U.S. companies, based on total market capitalizations.

The index is unmanaged, and its results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA and Class IB were 0.50% and 0.75%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.

All investments are subject to risk including the possible loss of principal. For a discussion of the Fund’s risks, please see the Main Risks section of this report. For

more detailed information on the risks associated with an investment in the Fund, please see the prospectus.


		46

Hartford Stock HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Manager

Donald J. Kilbride

Senior Managing Director, Equity Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Stock HLS Fund returned 2.74% for the twelve-month period ended December 31, 2015, outperforming the Russell 1000 Index, which returned 0.92% for the same period. The Fund also outperformed the -0.57% average return of the Lipper Large-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

federal funds rate. The market initially reacted positively to the news, but remained volatile through the end of year as investors digested the impact of the rate increase and global economic developments.

Overall large cap equities outperformed mid cap and small cap equities during the period, as measured by the Russell 1000 (+1%), the S&P MidCap 400 (-2%), and the Russell 2000 (-4%) indices, respectively. During the twelve-month period, five of the ten sectors within the Russell 1000 Index rose, led by Consumer Discretionary (+8%), Healthcare (+7%), and Consumer Staples (+6%). Energy (-23%) and Materials (-9%) lagged on a relative basis.

The Fund’s outperformance versus the Russell 1000 Index was primarily driven by strong security selection within Financials, Energy, and Consumer Discretionary, which offset weaker selection within Consumer Staples. Sector allocation, a residual of the bottom-up stock selection process, contributed to relative returns due primarily to overweight allocations to Consumer Staples and Healthcare. This was partially offset by an underweight to the Information Technology sector, which detracted from performance.

Top contributors to performance relative to the Russell 1000 Index during the period included Nike (Consumer Discretionary), McDonald’s (Consumer Discretionary), and Chubb Corp (Financials). Shares of Nike, a U.S.-based manufacturer of athletic apparel and gear, rose as the company posted strong earnings and continued to perform well in China. Shares of McDonald’s, a U.S.-based fast food chain, rose during the period after the company announced a rebound in quarterly sales in October, giving investors hope that the turnaround effort by the company and its new CEO could be successful. Shares of Chubb, a U.S.-based property and casualty insurer, rose during the period after it was announced that ACE Limited, a global insurance company, would purchase Chubb for $28.3 billion. Microsoft (Information Technology) also contributed to performance on an absolute basis.

Stocks that detracted the most from returns relative to the Russell 1000 Index during the period were Amazon (Consumer Discretionary), Wal-Mart (Consumer Staples), and Praxair (Industrials). The Fund did not own shares of benchmark-component Amazon, a U.S.-based online retailer, which detracted from relative performance during the year, as the stock price of Amazon rose due to its continued strength in its retail business and stronger than expected growth in its Amazon Web Service (“AWS”). The stock price of Walmart fell after it issued a warning to investors in October that higher wages and continued price pressure from online retailers could cut earnings per share as much as 12% in its next fiscal year.


		47

Hartford Stock HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

Shares of Praxair, a U.S.-based industrial gases company, underperformed during the period after the company reported disappointing revenues amid slowdown in global growth and a strengthening U.S. Dollar negatively affecting exports and making future growth difficult. Oracle (Information Technology) also detracted from performance on an absolute basis.

Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.

What is the outlook?

From our perspective, the global investment narrative is slowly coalescing around a single dominant theme: China. It should be no surprise though. Not only is China the world’s second largest economy, it has been the dominant source of incremental global growth for much of the last decade. The fortunes of the country have had a profoundly positive impact on markets for some time now. And yet we believe it was highly predictable that the eventual slowdown would be equally impactful.

Global markets, be they in commodities, equities or currencies, continue to swoon in the face of the country’s weakness. Complicating the matter is a lack of comfort on the facts. Is the country’s growth rate slowing from 10% to 7% as the official data would suggest? Or is the slowdown far more severe? It is clear that 7% growth is very different from 2% growth in the U.S.

Interestingly, there are times when we need to remind ourselves that there are other factors likely to weigh on markets in the next year. A few would include: the U.S. Presidential election; oil prices; global central bank policy, rates and currencies; and geopolitical strife. These are only a few of the factors, along with China, that are worthy of our consideration. Our central view continues to be one of caution as many of these considerations appear to be headwinds to healthy economic activity and healthy markets. And while the portfolio’s progress would benefit from a better global landscape, we feel comfortable with our positioning given the current outlook.

At the end of the period, our bottom-up investment approach resulted in overweight exposures in Consumer Staples, Industrials, and Healthcare as we continued to find what we believe to be attractive investment opportunities in these sectors. The Fund’s largest underweights relative to the Russell 1000 Index were in Information Technology, Utilities, and Telecommunication Services.

Diversification by Sector

as of December 31, 2015


Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		10.8	%
Consumer Staples		16.2
Energy		6.8
Financials		15.4
Health Care		16.4
Industrials		18.1
Information Technology		10.3
Materials		4.0

Total		98.0	%

Short-Term Investments		0.9
Other Assets & Liabilities		1.1

Total		100.0	%


		48

Hartford Total Return Bond HLS Fund inception 08/31/1977


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks a competitive total return, with income as a secondary objective.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
Total Return Bond IA		-0.59%		3.62%		4.12%
Total Return Bond IB		-0.81%		3.37%		3.86%
Barclays U.S. Aggregate Bond Index		0.55%		3.25%		4.51%

Barclays U.S. Aggregate Bond Index is an unmanaged index and is composed of securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.

The index is unmanaged, and its results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.


		49

Hartford Total Return Bond HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Managers

Joseph F. Marvan, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Lucius T. (L.T.) Hill, III

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Campe Goodman, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Total Return Bond HLS Fund returned -0.59%, for the twelve-month period ended December 31, 2015, underperforming the Fund’s benchmark, the Barclays U.S. Aggregate Bond Index, which returned 0.55% for the same period. The Fund also underperformed the -0.16% average return of the Lipper Core Bond Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Fixed income markets were volatile over the twelve-month period as investors dealt with growing divergences in economic growth and central bank policy. With an improving economic outlook in the U.S. relative to the rest of the world, market participants agonized over the timing of the U.S. Federal Reserve Bank’s (Fed) first rate hike and its potential market implications. Increased risk of a Greek exit from the Eurozone and a prolonged drop in commodity prices further muddied the picture. Oil prices were extremely volatile over the period, having rebounded from record lows at the start of the year but falling again in the third and fourth quarters of 2015. Meanwhile, an unexpected devaluation in China’s currency rattled global financial markets, deepening fears about the Chinese economic slowdown and potential spillover effects on the global economy.

The U.K. and Japan showed little sign of increased inflation despite the continued strength in their respective labor markets. In the U.S., data released during the period highlighted some conflicting themes affecting the economy. The fragile global economy, a stronger dollar, and falling oil prices created difficult conditions for the manufacturing sector. On the other hand, domestically centered industries such as housing, retail, and service-based sectors posted solid results. While low commodity prices suppressed headline inflation, core consumer prices started to gradually move higher, giving the Fed confidence to raise rates in December. This widely anticipated rate hike marked an end to a seven-year period of near-zero interest rates, although the Federal Reserve Open Market Committee (FOMC) stated that the pace of interest-rate hikes would be very gradual and dependent on the direction of economic data. The FOMC seemingly achieved a smooth liftoff judging by the market’s relatively muted reaction following the announcement.

The primary drivers of the Fund’s underperformance relative to the Barclays U.S. Aggregate Bond Index over the period were an allocation to unhedged local currency emerging markets debt and breakeven inflation positioning. Emerging markets debt exhibited very mixed performance during the period; local debt significantly lagged U.S. dollar denominated sovereign and corporate credit as emerging market currencies depreciated against the USD over the period. Additionally, we positioned the portfolio for an increase in inflation expectations as we believed a tightening labor market would lead inflation higher. Breakeven inflation positioning detracted from benchmark-relative performance as inflation expectations fell sharply, particularly in the third quarter. The Fund’s out-of-benchmark allocation to non-agency Residential Mortgage Backed Securities


		50

Hartford Total Return Bond HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

(RMBS) as well as positioning in high quality Commercial Mortgage Backed Securities (CMBS) and collateralized loan obligations (CLOs), all contributed positively to returns relative to the Barclays U.S. Aggregate Bond Index over the period.

Derivatives were used to manage the Fund’s duration/yield curve positioning. They were also used to seek liquidity and to manage the overall risk positioning of the Fund. High yield credit default swap (CDS) index positions detracted from relative performance, but this was partially offset by positive results from an allocation to European Financials.

What is the outlook?

At the end of the period, we continued to maintain a moderately pro-cyclical risk stance in credit markets based on what we believe to be positive U.S. economic momentum, supportive monetary policy, and attractive valuations. We continue to believe capacity constraints will pressure inflation higher so we were positioned for an increase in inflation expectations at the end of the period. We were also positioned with a neutral U.S. duration posture. At the end of the period, we held allocations to non-agency MBS and high quality CLOs and maintained an overweight to CMBS. Within investment grade credit we continued to favor Financials. We were also overweight agency MBS based on attractive valuations versus Treasuries. Within high yield, we favored BB-rated securities, bank loans, and contingent convertibles (CoCos) of large European banks. We were positioned for widening U.S. dollar denominated EMD spreads.

Diversification by Security Type

as of December 31, 2015


Category	Percentage of Net Assets
Equity Securities
Preferred Stocks		0.1	%

Total		0.1	%

Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		33.6	%
Corporate Bonds		33.7
Foreign Government Obligations		3.3
Municipal Bonds		1.1
Senior Floating Rate Interests		5.8
U.S. Government Agencies		39.7
U.S. Government Securities		2.6

Total		119.8	%

Short-Term Investments		3.2
Purchased Options		0.0
Other Assets & Liabilities		(23.1	)

Total		100.0	%


		51

Hartford Ultrashort Bond HLS Fund inception 08/31/1977


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks total return and income consistent with preserving capital and maintaining liquidity.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		Since Inception¹
Ultrashort Bond IA		0.13%		0.10%
Ultrashort Bond IB		-0.09%		-0.13%
Barclays 9-12 Month U.S. Treasury Index		0.30%		0.26%

¹	On October 21, 2013, the Fund converted from a money market fund to an ultrashort bond fund. Total returns shown are from conversion date (October 21, 2013) to December 31, 2015.

Prior to October 21, 2013, the Fund was managed as a money market fund. Accordingly, performance of the Fund prior to October 21, 2013 is not shown. Past performance information for when the Fund was managed as a money market fund is available upon request by calling 1-888-843-7824.

Barclays 9-12 Month U.S. Treasury Index measures the performance of U.S. Treasury securities that have a remaining maturity between one and twelve months.

The index is unmanaged, and its results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA and Class IB were 0.43% and 0.68%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.


		52

Hartford Ultrashort Bond HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Manager

Timothy E. Smith

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Ultrashort Bond HLS Fund returned 0.13%, for the twelve-month period ended December 31, 2015, underperforming the Fund’s benchmark, the Barclays 9-12 Month U.S. Treasury Index, which returned 0.30% for the same period. The Fund also underperformed the 0.26% average return of the Lipper Short Investment Grade Debt Funds peer group, a group of funds that invest primarily in investment grade issues with dollar-weighted average maturities of one to five years.

Why did the Fund perform this way?

Fixed income markets were volatile over the twelve-month period as investors dealt with growing divergences in economic growth and central bank policy. With an improving economic outlook in the U.S. relative to the rest of the world, market participants agonized over the timing of the U.S. Federal Reserve Bank’s (Fed) first rate hike and its potential market implications. Increased risk of a Greek exit from the Eurozone and a prolonged drop in commodity prices further muddied the picture. Oil prices were extremely volatile over the period, having rebounded from record lows at the start of the year but falling again in the third and fourth quarters of 2015. Meanwhile, an unexpected devaluation in China’s currency rattled global financial markets, deepening fears about the Chinese economic slowdown and potential spillover effects on the global economy.

industries such as housing, retail, and service-based sectors posted solid results. While low commodity prices suppressed headline inflation, core consumer prices started to gradually move higher, giving the Fed confidence to raise rates in December. This widely anticipated rate hike marked an end to a seven-year period of near-zero interest rates, although the Federal Reserve Open Market Committee (FOMC) stated that the pace of interest-rate hikes would be very gradual and dependent on the direction of economic data. The FOMC seemingly achieved a smooth liftoff judging by the market’s relatively muted reaction following the announcement.

All sectors held by the Fund contributed to performance relative to the Barclays 9-12 Month U.S. Treasury Index during the period. An out-of-benchmark allocation to investment grade corporate credit, particularly within Financials and Industrials, contributed to relative performance during the period. An out-of-benchmark allocation to Asset Backed Securities (ABS) was also additive, specifically within auto and credit card ABS. Yield curve and duration positioning contributed positively to performance relative to the Barclays 9-12 Month U.S. Treasury Index during the period as we were short duration relative to the benchmark as short rates rose during the period. Allocation to the Investment Grade Credit during the period detracted from overall Fund performance. A heavy supply of new issue corporate bonds during the third quarter and the fourth quarter, combined with a risk adverse market sentiment, pressured performance of the sector as demand could not keep up with supply during the period. We use Treasury futures and interest rate swaps to manage duration and yield curve exposure which were modestly additive to performance.

What is the outlook?

U.S. economic momentum appears to be positive, and we expect moderately stronger U.S. growth in 2016. However, challenges to the global growth outlook and uncertainty surrounding China and emerging markets broadly remain. On balance, the Fund is positioned with a moderately pro-cyclical risk posture.


		53

Hartford Ultrashort Bond HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

We continue to expect the Fed to raise the Fed Funds rate gradually in 2016 as the data allows; as a result, at the end of the period our duration positioning was short relative to the Barclays 9-12 Month U.S. Treasury Index. We believe that U.S. governments remain the most liquid sector, and continue to own select agencies with maturities of 3 years and or less. Commodity prices have kept inflation low but we believe wage pressures are likely to build.

We continued to be positioned with out-of-benchmark allocations to investment grade corporates, ABS, and Commercial Mortgage Backed Securities (CMBS) at the end of the period. Within investment grade corporates, we favor U.S. Financials, as financial companies have de-levered significantly. Within ABS, we favor auto, credit card and equipment issuers. We also continue to believe CMBS valuations and long term fundamentals remain attractive.

Diversification by Security Type

as of December 31, 2015


Category	Percentage of Net Assets
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		20.3	%
Corporate Bonds		49.4
Municipal Bonds		0.5
U.S. Government Agencies		17.1
U.S. Government Securities		11.2

Total		98.5	%

Short-Term Investments		1.5
Other Assets & Liabilities		0.0

Total		100.0	%


		54

Hartford U.S. Government Securities HLS Fund inception 03/24/1987


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks to maximize total return while providing shareholders with a high level of current income consistent with prudent investment risk.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
U.S. Government Securities IA		1.56%		2.23%		2.60%
U.S. Government Securities IB		1.35%		1.98%		2.34%
Barclays Intermediate Government Bond Index		1.18%		2.03%		3.71%

Barclays Intermediate Government Bond Index is an unmanaged index of government bonds with maturities of between one and ten years.

The index is unmanaged, and its results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA and Class IB were 0.48% and 0.73%,

respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.


		55

Hartford U.S. Government Securities HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Manager

Michael F. Garrett

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford U.S. Government Securities HLS Fund returned 1.56% for the twelve-month period ended December 31, 2015, outperforming the Fund’s benchmark, the Barclays Intermediate Government Bond Index, which returned 1.18% for the same period. The Fund also outperformed the 0.80% average return of the Lipper Intermediate U.S. Government Funds peer group, a group of funds that invest primarily in U.S. government and agency issues.

Why did the Fund perform this way?

Fixed income markets were volatile over the twelve-month period as investors dealt with growing divergences in economic growth and central bank policy. With an improving economic outlook in the U.S. relative to the rest of the world, market participants agonized over the timing of the U.S. Federal Reserve Bank’s (Fed) first rate hike and its potential market implications. Increased risk of a Greek exit from the Eurozone and a prolonged drop in commodity prices further muddied the picture. Oil prices were extremely volatile over the period, having rebounded from record lows at the start of the year but falling again in the third and fourth quarters of 2015. Meanwhile, an unexpected devaluation in China’s currency rattled global financial markets, deepening fears about the Chinese economic slowdown and potential spillover effects on the global economy.

Out-of-benchmark allocations to mortgage backed securities (MBS), Asset Backed Securities (ABS), and Commercial Mortgage Backed Securities (CMBS) were the main drivers of outperformance relative to the Barclays Intermediate Government Bond Index over the period. Specifically within MBS, allocations to agency collateralized mortgage obligations (CMOs), Delegated Underwriting Servicing bonds (DUS), and non-agency residential mortgage-backed securities (RMBS) contributed to the Fund’s relative outperformance over the period. Within ABS, exposure to collateralized loan obligations (CLOs) was the primary driver of benchmark-relative returns over the period.

During the period, we used Treasury futures and interest rate swaps to manage duration and yield curve exposures; overall these components had a neutral impact on performance relative to the Barclays Intermediate Government Bond Index over the period. On the other hand, an out-of-benchmark allocation to U.S. TIPS and duration and yield curve positioning detracted from returns relative to the Barclays Intermediate Government Bond Index over the period.

What is the outlook?

We maintain our view that the Fed will continue to raise short term interest rates going into 2016 based on what we consider to be an improving domestic economy, which we believe should put upward pressure on the front end of the yield curve. We expect volatility in MBS spreads over the short term to be relatively low. MBS spreads


		56

Hartford U.S. Government Securities HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

have tightened since the mid-December Fed meeting, back toward the tight-end of their recent range. The Fed also stated their intention to continue reinvesting MBS principal payments until the normalization process is “well under way”, likely into 2016 at the earliest.

As the year progresses, we expect Fed uncertainty, concerns over the implications of tightening monetary policy, and higher rates, with the potential to pressure MBS spreads. Additionally, we believe that spreads will likely widen if the Fed eventually ceases reinvestment, and we expect this to be priced into the market well in advance of when the end of reinvestment is announced. Consequently, with spreads close to the tight end of the historical range, we are less convinced that they can sustain these levels as the year progresses.

We have a constructive outlook on most non-agency RMBS, given the continuing recovery of the U.S. housing market. Spreads have tightened substantially in the wake of the global financial crisis; however, we still believe the sector is attractively valued versus other credit markets, especially given our assessment of the relative risks. We continue to expect home-price appreciation to normalize toward the historical range of 3-5% which should continue to support the sector. Despite recovering housing starts, inventory remains low after years of underdevelopment, and underwriting standards remain quite conservative. In this environment, we believe the credit performance of residential mortgages should continue to improve.

Our longer term outlook on CMBS is constructive due to favorable commercial real estate (CRE) fundamentals and compelling valuations in our opinion. However, we are cautious in the near term given the heavy expected supply and deteriorating underwriting standards on new issuance. We believe fundamentals remain positive as the sector continues to be supported by the recovering economy, an improved CRE lending environment, and a manageable near-term loan-maturity schedule. Occupancy and rents have risen, resulting in continued price appreciation. Within new issuance, underwriting standards continue to deteriorate with an increase in leverage, more interest only (IO) loans, and non-traditional property types, which requires us to be judicious in security selection, both within and across mergers and acquisitions. Rising interest rates remain a risk factor, but as long as that is accompanied by a recovering economy and improving rents, we believe the impact on CMBS should be limited.

Overall, we continue to be constructive on the ABS sector driven by strong consumer fundamentals. We believe a strengthening employment picture combined with low energy prices should continue to benefit consumers, especially those with a lower income. In addition, we continue to see value in senior CLOs, but are more neutral relative to other structured credit.

Diversification by Security Type

as of December 31, 2015


Category	Percentage of Net Assets
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		24.2	%
U.S. Government Agencies		45.2
U.S. Government Securities		41.5

Total		110.9	%

Short-Term Investments		4.1
Other Assets & Liabilities		(15.0	)

Total		100.0	%


		57

Hartford Value HLS Fund inception 04/30/2001


(sub-advised by Wellington Management Company LLP)		Investment objective – The Fund seeks long-term total return.

LOGO

Average Annual Total Return (as of 12/31/15)


	1 Year		5 Years		10 Years
Value IA		-3.08%		10.31%		7.33%
Value IB		-3.35%		10.04%		7.12%
Russell 1000 Value Index		-3.83%		11.27%		6.16%

The index is unmanaged, and its results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, expenses or taxes.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2015, the total annual fund operating expense ratios for Class IA and Class IB were 0.77% and 1.02%,

respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2015.


		58

Hartford Value HLS Fund

Manager Discussion

December 31, 2015 (Unaudited)

Portfolio Managers

Karen H. Grimes, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

W. Michael Reckmeyer, III, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Ian R. Link, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Value HLS Fund returned -3.08% for the twelve-month period ended December 31, 2015, outperforming the Fund’s benchmark, the Russell 1000 Value Index, which returned -3.83% for the same period. The Fund also outperformed the -3.82% average return of the Lipper Large Cap Value Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities, as measured by the S&P 500 Index, rose modestly during the twelve-month period. U.S. stocks retreated briefly early in 2015, but then reached new all-time highs on March 2, April 24, and May 21. The market pulled back in early March as soft manufacturing data, potentially negative currency- and oil-related earnings, and valuation concerns weighed on investors’ minds. However, risk appetites increased after the March 18 Federal Open Market Committee statement underlined the U.S. Federal Reserve’s (Fed) hesitation to raise rates as U.S. domestic inflation remained subdued and other major central banks maintained an easing bias. In April, the tech-heavy Nasdaq Composite topped the 5,000 mark for the first time in 15 years and broke its closing record from March 2000. Continued strong merger and acquisition (M&A) activity, a rebound in hiring, and solid housing data helped to fuel risk appetites. May marked the second-best month ever for M&As involving U.S. companies with $234 billion in announced mergers. Stocks ended June on a sour note after negotiations between Greece and its creditors regarding Greece’s loan repayments broke down.

with prices recovering from the initial drop earlier in the period and falling sharply towards the end of the year. As many market participants expected, the Fed left rates unchanged at its highly anticipated September meeting. The Fed’s statement appeared to spook some investors as it acknowledged that “recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term.” After much anticipation, the Fed delivered its first rate hike since 2006 in December, approving a small increase in the federal funds rate. The market initially reacted positively to the news, but remained volatile through the end of year as investors digested the impact of the rate increase and global economic developments.

Returns varied noticeably over the period by market-cap, as small cap (-4%) and mid cap (-2%) equities underperformed large cap (+1%) equities as measured by the Russell 2000, S&P MidCap 400, and S&P 500 Indices, respectively. In this environment, seven of the ten sectors within the Russell 1000 Value Index posted negative returns during the period. The Energy (-23%), Materials (-11%), and Consumer Discretionary (-6%) sectors lagged the most while Healthcare (+8%), Telecommunications Services (+4%), and Industrials (+1%) posted positive returns for the year.

The Fund’s outperformance relative to the Russell 1000 Value Index during the period was primarily driven by positive security selection. Strong security selection within the Consumer Staples, Information Technology, and Financials sectors more than offset weaker selection within the Energy and Healthcare sectors. Sector allocation, a residual of the bottom-up stock selection process, marginally detracted from benchmark-relative performance, largely due to benchmark-relative overweights to the Information Technology and Consumer Discretionary sectors, which offset the positive impact of an underweight to Energy.

The largest contributors to returns relative to the Russell 1000 Value Index were Kraft Foods Group (Consumer Staples), Kinder Morgan (Energy), and Home Depot (Consumer Discretionary). Shares of Kraft Foods Group, a packaged food company, rose during the


		59

Hartford Value HLS Fund

Manager Discussion – (continued)

December 31, 2015 (Unaudited)

period on news of its merger with Heinz, a move that was viewed favorably by investors. Shares of Kinder Morgan, a U.S.-based oil pipeline transportation and storage company, fell over the period as oil prices continued to deteriorate. Not holding the benchmark constituent contributed positively to benchmark-relative returns over the period. Shares of U.S.-based home improvement retailer Home Depot rose as the company benefited from a sturdy U.S. housing market amid a continuing low interest rate environment. Top absolute contributors during the period also included Microsoft (Information Technology).

The top detractors from returns relative to the Russell 1000 Value Index over the period were Southwestern Energy (Energy), Marathon Oil (Energy), and PVH Corp (Consumer Discretionary). Shares of U.S.-based natural gas and oil exploration, development, and production companies Southwestern Energy and Marathon Oil were weighed down by weakness in the energy markets. Shares of PVH Corp, a U.S.-based global apparel company, fell over the period due to worries about the strong U.S. dollar negatively impacting earnings, despite what appeared to be competent management execution of its business plan. Chevron (Energy) also detracted on an absolute basis.

Derivatives were not used in a significant manner in the Fund during the period and did not have a material impact on performance during the period.

What is the outlook?

Looking ahead to 2016, we continue to seek what we consider to be balance in the portfolio to allow for upside potential while limiting downside risk. For example, while some bank and insurance stocks should benefit from prospective rate increases, we expect to continue to maintain exposure to other sectors of the market that are less interest rate sensitive. We likely will avoid Financials with higher exposure to energy markets. Within Energy, we appreciate that the moderation of commodity prices may follow several different paths, and we are looking to incorporate a broad range of possible prices into our analysis. We are positioning the portfolio to have exposure to companies we believe are best capitalized to withstand a protracted period of depressed prices. Based on individual stock decisions, the Fund ended the period most overweight to the Consumer Discretionary, Healthcare, and Industrials sectors, and most underweight the Financials, Utilities, and Energy sectors relative to the Russell 1000 Value Index.

Diversification by Sector

as of December 31, 2015


Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		11.3	%
Consumer Staples		4.6
Energy		9.2
Financials		26.1
Health Care		13.8
Industrials		11.6
Information Technology		11.6
Materials		3.5
Telecommunication Services		1.5
Utilities		3.2

Total		96.4	%

Short-Term Investments		1.0
Other Assets & Liabilities		2.6

Total		100.0	%


		60

Hartford HLS Funds

Expense Examples (Unaudited)

Your Fund’s Expenses

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of July 1, 2015 through December 31, 2015.

Actual Expenses

The first set of columns of the table below provides information about actual account values and actual expenses. You may use this information, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second set of columns of the table below provides information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) or fees which may be applied at the variable life insurance, variable annuity, or qualified retirement plan product level. Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses are equal to a Fund’s annualized expense ratios multiplied by average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

Hartford Balanced HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	989.70	$	3.16	$	1,000.00	$	1,022.03	$	3.21		0.63	%		184		365
Class IB	$	1,000.00	$	988.50	$	4.41	$	1,000.00	$	1,020.77	$	4.48		0.88	%		184		365

Hartford Capital Appreciation HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	970.10	$	3.33	$	1,000.00	$	1,021.83	$	3.41		0.67	%		184		365
Class IB	$	1,000.00	$	969.10	$	4.57	$	1,000.00	$	1,020.57	$	4.69		0.92	%		184		365
Class IC	$	1,000.00	$	967.80	$	5.80	$	1,000.00	$	1,019.31	$	5.96		1.17	%		184		365


		61

Hartford HLS Funds

Expense Examples (Unaudited) – (continued)

Hartford Disciplined Equity HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,020.70	$	3.92	$	1,000.00	$	1,021.32	$	3.92		0.77	%		184		365
Class IB	$	1,000.00	$	1,019.10	$	5.19	$	1,000.00	$	1,020.06	$	5.19		1.02	%		184		365

Hartford Dividend and Growth HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	988.80	$	3.41	$	1,000.00	$	1,021.78	$	3.47		0.68	%		184		365
Class IB	$	1,000.00	$	987.40	$	4.66	$	1,000.00	$	1,020.52	$	4.74		0.93	%		184		365

Hartford Global Growth HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,007.40	$	4.10	$	1,000.00	$	1,021.12	$	4.13		0.81	%		184		365
Class IB	$	1,000.00	$	1,006.30	$	5.36	$	1,000.00	$	1,019.86	$	5.40		1.06	%		184		365

Hartford Growth Opportunities HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,009.40	$	3.29	$	1,000.00	$	1,021.93	$	3.31		0.65	%		184		365
Class IB	$	1,000.00	$	1,008.10	$	4.56	$	1,000.00	$	1,020.67	$	4.58		0.90	%		184		365
Class IC	$	1,000.00	$	1,006.80	$	5.87	$	1,000.00	$	1,019.36	$	5.90		1.16	%		184		365


		62

Hartford HLS Funds

Expense Examples (Unaudited) – (continued)

Hartford Healthcare HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	981.10	$	4.34	$	1,000.00	$	1,020.82	$	4.43		0.87	%		184		365
Class IB	$	1,000.00	$	980.20	$	5.54	$	1,000.00	$	1,019.61	$	5.65		1.11	%		184		365

Hartford High Yield HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	934.80	$	3.71	$	1,000.00	$	1,021.37	$	3.87		0.76	%		184		365
Class IB	$	1,000.00	$	933.10	$	4.92	$	1,000.00	$	1,020.11	$	5.14		1.01	%		184		365

Hartford International Opportunities HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	952.70	$	3.64	$	1,000.00	$	1,021.48	$	3.77		0.74	%		184		365
Class IB	$	1,000.00	$	951.90	$	4.87	$	1,000.00	$	1,020.22	$	5.04		0.99	%		184		365

Hartford MidCap HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	962.00	$	3.46	$	1,000.00	$	1,021.68	$	3.57		0.70	%		184		365
Class IB	$	1,000.00	$	960.90	$	4.70	$	1,000.00	$	1,020.42	$	4.84		0.95	%		184		365


		63

Hartford HLS Funds

Expense Examples (Unaudited) – (continued)

Hartford MidCap Value HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	942.10	$	4.11	$	1,000.00	$	1,020.97	$	4.28		0.84	%		184		365
Class IB	$	1,000.00	$	940.10	$	5.33	$	1,000.00	$	1,019.71	$	5.55		1.09	%		184		365

Hartford Small Company HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	869.10	$	3.39	$	1,000.00	$	1,021.58	$	3.67		0.72	%		184		365
Class IB	$	1,000.00	$	867.90	$	4.57	$	1,000.00	$	1,020.32	$	4.94		0.97	%		184		365

Hartford Small/Mid Cap Equity HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	919.60	$	4.40	$	1,000.00	$	1,020.62	$	4.63		0.91	%		184		365
Class IB	$	1,000.00	$	918.10	$	5.61	$	1,000.00	$	1,019.36	$	5.90		1.16	%		184		365

Hartford SmallCap Growth HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	920.10	$	3.15	$	1,000.00	$	1,021.93	$	3.31		0.65	%		184		365
Class IB	$	1,000.00	$	919.10	$	4.35	$	1,000.00	$	1,020.67	$	4.58		0.90	%		184		365

Hartford Stock HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,035.40	$	2.62	$	1,000.00	$	1,022.64	$	2.60		0.51	%		184		365
Class IB	$	1,000.00	$	1,034.30	$	3.90	$	1,000.00	$	1,021.37	$	3.87		0.76	%		184		365


		64

Hartford HLS Funds

Expense Examples (Unaudited) – (continued)

Hartford Total Return Bond HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	996.70	$	2.57	$	1,000.00	$	1,022.64	$	2.60		0.51	%		184		365
Class IB	$	1,000.00	$	995.30	$	3.82	$	1,000.00	$	1,021.37	$	3.87		0.76	%		184		365

Hartford Ultrashort Bond HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	999.30	$	2.22	$	1,000.00	$	1,022.99	$	2.24		0.44	%		184		365
Class IB	$	1,000.00	$	998.10	$	3.48	$	1,000.00	$	1,021.73	$	3.52		0.69	%		184		365

Hartford U.S. Government Securities HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,005.00	$	2.53	$	1,000.00	$	1,022.69	$	2.55		0.50	%		184		365
Class IB	$	1,000.00	$	1,003.80	$	3.79	$	1,000.00	$	1,021.43	$	3.82		0.75	%		184		365

Hartford Value HLS Fund


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Beginning Account Value July 1, 2015		Ending Account Value December 31, 2015		Expenses paid during the period July 1, 2015 through December 31, 2015		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	959.50	$	3.90	$	1,000.00	$	1,021.22	$	4.02		0.79	%		184		365
Class IB	$	1,000.00	$	958.50	$	5.13	$	1,000.00	$	1,019.96	$	5.30		1.04	%		184		365


		65

Hartford Balanced HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 63.4%
		Automobiles & Components - 0.5%
	901,860	Ford Motor Co.	$	12,707,207

		Banks - 6.9%
	571,790	Citigroup, Inc.		29,590,132
	774,570	JP Morgan Chase & Co.		51,144,857
	113,520	M&T Bank Corp.		13,756,354
	303,130	PNC Financial Services Group, Inc.		28,891,320
	918,060	Wells Fargo & Co.		49,905,742

				173,288,405

		Capital Goods - 4.5%
	211,830	3M Co.		31,910,071
	435,660	Eaton Corp. plc		22,671,747
	458,130	Fortune Brands Home & Security, Inc.		25,426,215
	325,010	Ingersoll-Rand plc		17,969,803
	158,820	United Technologies Corp.		15,257,837

				113,235,673

		Commercial & Professional Services - 0.7%
	354,650	Nielsen Holdings plc		16,526,690

		Consumer Durables & Apparel - 0.3%
	118,950	PVH Corp.		8,760,667

		Consumer Services - 1.2%
	91,360	McDonald’s Corp.		10,793,270
	347,020	Norwegian Cruise Line Holdings Ltd.*		20,335,372

				31,128,642

		Diversified Financials - 2.9%
	125,470	Ameriprise Financial, Inc.		13,352,517
	78,200	BlackRock, Inc.		26,628,664
	88,090	Goldman Sachs Group, Inc.		15,876,461
	517,000	Invesco Ltd.		17,309,160

				73,166,802

		Energy - 3.9%
	167,260	Anadarko Petroleum Corp.		8,125,491
	202,960	Chevron Corp.		18,258,282
	156,930	EOG Resources, Inc.		11,109,075
	291,210	Exxon Mobil Corp.		22,699,819
	366,770	Halliburton Co.		12,484,851
	585,860	Marathon Oil Corp.		7,375,977
	183,270	Occidental Petroleum Corp.		12,390,885
	638,730	Southwestern Energy Co.*		4,541,370

				96,985,750

		Food & Staples Retailing - 1.2%
	303,380	CVS Health Corp.		29,661,463

		Food, Beverage & Tobacco - 3.5%
	110,430	Anheuser-Busch InBev N.V. ADR		13,803,750
	323,913	British American Tobacco plc		17,988,181
	410,550	Coca-Cola Co.		17,637,228
	242,656	Kraft Heinz Co.		17,655,651
	462,580	Mondelez International, Inc. Class A		20,742,087

				87,826,897

		Health Care Equipment & Services - 3.0%
	217,260	Baxter International, Inc.		8,288,469
	495,895	Medtronic plc		38,144,244
	241,160	UnitedHealth Group, Inc.		28,370,062

				74,802,775


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 63.4% - (continued)
		Household & Personal Products - 0.6%
	173,510	Estee Lauder Cos., Inc. Class A	$	15,279,291

		Insurance - 2.5%
	368,830	American International Group, Inc.		22,856,395
	557,340	Marsh & McLennan Cos., Inc.		30,904,503
	238,180	Unum Group		7,929,012

				61,689,910

		Materials - 1.7%
	409,810	Dow Chemical Co.		21,097,019
	336,490	International Paper Co.		12,685,673
	209,200	Nucor Corp.		8,430,760

				42,213,452

		Media - 2.4%
	335,570	CBS Corp. Class B		15,815,414
	313,190	Comcast Corp. Class A		17,673,312
	385,470	Thomson Reuters Corp.		14,590,039
	116,100	Walt Disney Co.		12,199,788

				60,278,553

		Pharmaceuticals, Biotechnology & Life Sciences - 9.6%
	64,240	Allergan plc*		20,075,000
	149,330	Amgen, Inc.		24,240,739
	541,360	AstraZeneca plc ADR		18,379,172
	123,860	Baxalta, Inc.		4,834,256
	525,480	Bristol-Myers Squibb Co.		36,147,769
	181,800	Eisai Co., Ltd.		12,026,206
	262,510	Gilead Sciences, Inc.		26,563,387
	745,710	Merck & Co., Inc.		39,388,402
	70,646	Roche Holding AG		19,576,599
	268,359	UCB S.A.		24,222,900
	133,800	Vertex Pharmaceuticals, Inc.*		16,836,054

				242,290,484

		Retailing - 3.0%
	11,702,200	Allstar Co.*⁽¹⁾⁽²⁾		11,117,090
	201,620	Dollar General Corp.		14,490,429
	248,790	Home Depot, Inc.		32,902,478
	212,740	Nordstrom, Inc.		10,596,579
	163,241	Tory Burch LLC*⁽¹⁾⁽²⁾		8,638,690

				77,745,266

		Semiconductors & Semiconductor Equipment - 3.2%
	287,830	Analog Devices, Inc.		15,922,756
	945,530	Intel Corp.		32,573,508
	816,800	Maxim Integrated Products, Inc.		31,038,400

				79,534,664

		Software & Services - 6.9%
	264,770	Accenture plc Class A		27,668,465
	58,645	Alphabet, Inc. Class C*		44,504,517
	257,100	Genpact Ltd.*		6,422,358
	1,020,850	Microsoft Corp.		56,636,758
	467,000	Oracle Corp.		17,059,510
	978,820	Symantec Corp.		20,555,220

				172,846,828

		Technology Hardware & Equipment - 2.9%
	206,760	Apple, Inc.		21,763,558
	1,922,930	Cisco Systems, Inc.		52,217,164

				73,980,722

The accompanying notes are an integral part of these financial statements.


		66

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 63.4% - (continued)
		Telecommunication Services - 0.3%
	188,290	Verizon Communications, Inc.	$	8,702,764

		Transportation - 0.5%
	151,240	Union Pacific Corp.		11,826,968

		Utilities - 1.2%
	294,040	NextEra Energy, Inc.		30,547,816

		Total Common Stocks (cost $1,185,586,271)	$	1,595,027,689


ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 1.7%
		Asset-Backed - Automobile - 0.6%
$	225,000	CarMax Auto Owner Trust 1.95%, 09/16/2019	$	223,517
	1,245,000	Drive Auto Receivables Trust 2.12%, 06/17/2019⁽³⁾		1,242,232
	1,278,490	Exeter Automobile Receivables Trust 1.54%, 11/15/2019⁽³⁾		1,272,815
	1,625,000	First Investors Automotive Owner Trust 1.67%, 11/16/2020⁽³⁾		1,614,898
	515,000	Hyundai Automotive Receivables Trust 2.48%, 03/15/2019		521,671
	600,000	Prestige Automotive Receivables Trust 1.91%, 04/15/2020⁽³⁾		593,875
		Santander Drive Automotive Receivables Trust
	1,630,000	1.97%, 11/15/2019		1,632,391
	675,000	2.25%, 06/17/2019		677,409
	400,000	2.33%, 11/15/2019		400,600
	2,420,000	2.36%, 04/15/2020		2,423,781
	655,000	2.57%, 03/15/2019		659,199
		Westlake Automobile Receivables Trust
	722,936	0.97%, 10/16/2017⁽³⁾		722,045
	1,355,000	1.83%, 01/15/2021⁽³⁾		1,342,482

				13,326,915

		Asset-Backed - Finance & Insurance - 0.6%
		Ally Master Owner Trust
	4,885,000	1.54%, 09/15/2019		4,855,783
	4,890,000	1.60%, 10/15/2019		4,864,728
	430,000	Ford Credit Floorplan Master Owner Trust 2.09%, 03/15/2022⁽³⁾		429,043
	1,260,000	Green Tree Agency Advance Funding Trust 2.30%, 10/15/2046⁽³⁾		1,257,785
	1,565,000	SBA Tower Trust 2.90%, 10/15/2044⁽³⁾		1,529,332
		Springleaf Funding Trust
	1,765,000	3.16%, 11/15/2024⁽³⁾		1,752,405
	755,000	3.48%, 05/15/2028⁽³⁾		740,287

				15,429,363

		Asset-Backed - Home Equity - 0.0%
	7,906	New Century Home Equity Loan Trust 1.00%, 03/25/2035⁽⁴⁾		7,893

		Commercial Mortgage-Backed Securities - 0.5%
	1,765,000	Hilton USA Trust 2.66%, 11/05/2030		1,766,322
	2,287,288	JP Morgan Chase Commercial Mortgage Securities Trust 5.70%, 02/12/2049⁽⁴⁾		2,359,166
	922,934	LB-UBS Commercial Mortgage Trust 6.09%, 04/15/2041⁽⁴⁾		972,058


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 1.7% - (continued)
		Commercial Mortgage-Backed Securities - 0.5% - (continued)
$	3,412,966	Merrill Lynch/Countrywide Commercial Mortgage Trust 5.74%, 06/12/2050⁽⁴⁾	$	3,541,794
	2,500,000	SFAVE Commercial Mortgage Securities Trust 4.14%, 01/05/2035⁽³⁾⁽⁴⁾		2,365,131
	2,282,288	Wachovia Bank Commercial Mortgage Trust 5.31%, 11/15/2048		2,313,463

				13,317,934

		Total Asset & Commercial Mortgage Backed Securities (cost $42,781,541)	$	42,082,105


CORPORATE BONDS - 17.0%
		Aerospace/Defense - 0.2%
$	850,000	BAE Systems Holdings, Inc. 3.85%, 12/15/2025⁽³⁾	$	841,475
		Lockheed Martin Corp.
	470,000	2.50%, 11/23/2020		467,212
	1,625,000	4.07%, 12/15/2042		1,503,809
	256,000	4.50%, 05/15/2036		259,173
	640,000	4.70%, 05/15/2046		655,598
	560,000	4.85%, 09/15/2041		576,592

				4,303,859

		Agriculture - 0.3%
		Altria Group, Inc.
	880,000	4.50%, 05/02/2043		835,338
	1,995,000	4.75%, 05/05/2021		2,164,617
		BAT International Finance plc
	685,000	2.75%, 06/15/2020⁽³⁾		684,801
	2,775,000	3.25%, 06/07/2022⁽³⁾		2,779,537
	290,000	3.50%, 06/15/2022⁽³⁾		297,274
	1,065,000	Imperial Tobacco Finance plc 3.75%, 07/21/2022⁽³⁾		1,069,263
	270,000	Philip Morris International, Inc. 5.65%, 05/16/2018		294,577

				8,125,407

		Airlines - 0.4%
	3,272,183	Continental Airlines, Inc. 5.98%, 10/19/2023		3,613,471
		Southwest Airlines Co.
	2,700,000	5.75%, 12/15/2016		2,806,245
	2,453,283	6.15%, 02/01/2024		2,747,677

				9,167,393

		Auto Manufacturers - 0.5%
	5,600,000	Daimler Finance NA LLC 2.63%, 09/15/2016⁽³⁾		5,648,440
	150,000	Daimler Finance North America LLC 2.25%, 07/31/2019⁽³⁾		148,032
		Ford Motor Credit Co. LLC
	2,985,000	2.38%, 03/12/2019		2,942,628
	1,955,000	3.16%, 08/04/2020		1,948,149
	580,000	Volkswagen Group of America Finance LLC 2.45%, 11/20/2019⁽³⁾		555,942

				11,243,191

		Beverages - 0.3%
		Anheuser-Busch InBev Worldwide, Inc.
	480,000	3.75%, 07/15/2042		412,420
	3,205,000	7.75%, 01/15/2019		3,704,772

The accompanying notes are an integral part of these financial statements.


		67

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 17.0% - (continued)
		Beverages - 0.3% - (continued)
		Coca-Cola Femsa S.A.B. de C.V.
$	1,176,000	2.38%, 11/26/2018	$	1,174,291
	1,300,000	3.88%, 11/26/2023		1,304,460
		Heineken N.V.
	790,000	2.75%, 04/01/2023⁽³⁾		764,341
	50,000	4.00%, 10/01/2042⁽³⁾		44,505
		Molson Coors Brewing Co.
	765,000	3.50%, 05/01/2022		769,206
	295,000	5.00%, 05/01/2042		284,086

				8,458,081

		Biotechnology - 0.2%
	1,340,000	Biogen, Inc. 2.90%, 09/15/2020		1,336,477
		Celgene Corp.
	230,000	2.25%, 05/15/2019		227,979
	770,000	3.55%, 08/15/2022		777,485
	535,000	3.63%, 05/15/2024		526,173
		Gilead Sciences, Inc.
	335,000	2.55%, 09/01/2020		334,873
	935,000	3.50%, 02/01/2025		942,798
	930,000	3.70%, 04/01/2024		952,617
	405,000	4.50%, 02/01/2045		396,156

				5,494,558

		Chemicals - 0.0%
	1,145,000	LyondellBasell Industries N.V. 4.63%, 02/26/2055		928,572
	300,000	Monsanto Co. 4.70%, 07/15/2064		227,795

				1,156,367

		Commercial Banks - 4.4%
	6,350,000	American Express Centurion Bank 6.00%, 09/13/2017		6,801,745
		Bank of America Corp.
	1,220,000	2.63%, 10/19/2020		1,204,654
	3,400,000	4.20%, 08/26/2024		3,373,405
	1,655,000	5.00%, 05/13/2021		1,808,170
	1,000,000	6.40%, 08/28/2017		1,071,198
	6,000,000	6.88%, 04/25/2018		6,619,542
		Bank of New York Mellon Corp.
	2,020,000	2.15%, 02/24/2020		1,998,075
	925,000	3.00%, 02/24/2025		909,640
	2,830,000	Banque Federative du Credit Mutuel S.A. 2.75%, 10/15/2020⁽³⁾		2,841,246
		Barclays Bank plc
	1,100,000	2.50%, 02/20/2019		1,102,490
	1,300,000	3.75%, 05/15/2024		1,325,055
	800,000	6.05%, 12/04/2017⁽³⁾		853,333
	2,075,000	BNP Paribas S.A. 2.40%, 12/12/2018		2,091,316
		BPCE S.A.
	365,000	2.50%, 12/10/2018		368,093
	1,000,000	2.50%, 07/15/2019		1,003,353
	1,075,000	4.00%, 04/15/2024		1,104,458
	1,475,000	5.15%, 07/21/2024⁽³⁾		1,487,396
		Capital One Financial Corp.
	2,875,000	3.75%, 04/24/2024		2,893,610
	815,000	4.20%, 10/29/2025		804,691
		Citigroup, Inc.
	1,220,000	2.50%, 07/29/2019		1,218,162
	1,000,000	4.95%, 11/07/2043		1,050,772


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 17.0% - (continued)
		Commercial Banks - 4.4% - (continued)
$	690,000	5.30%, 05/06/2044	$	717,721
	290,000	8.13%, 07/15/2039		415,940
	505,000	Compass Bank 2.75%, 09/29/2019		499,948
		Credit Agricole S.A.
	1,950,000	2.50%, 04/15/2019⁽³⁾		1,960,162
	790,000	4.38%, 03/17/2025⁽³⁾		764,278
		Credit Suisse AG
	945,000	2.30%, 05/28/2019		945,813
	855,000	3.00%, 10/29/2021		851,598
	250,000	3.63%, 09/09/2024		251,966
		Credit Suisse Group Funding Guernsey Ltd.
	1,425,000	3.75%, 03/26/2025⁽³⁾		1,378,380
	1,885,000	3.80%, 09/15/2022⁽³⁾		1,883,513
		Goldman Sachs Group, Inc.
	3,335,000	2.38%, 01/22/2018		3,363,814
	2,975,000	5.63%, 01/15/2017		3,090,058
	1,700,000	6.15%, 04/01/2018		1,846,057
	2,590,000	6.25%, 02/01/2041		3,089,357
	2,160,000	HSBC Holdings plc 6.10%, 01/14/2042		2,734,243
		Huntington National Bank
	2,120,000	2.20%, 11/06/2018		2,114,140
	760,000	2.20%, 04/01/2019		754,368
	1,490,000	2.40%, 04/01/2020		1,470,593
	5,200,000	ING Bank N.V. 3.75%, 03/07/2017⁽³⁾		5,327,369
		JP Morgan Chase & Co.
	2,240,000	3.25%, 09/23/2022		2,252,929
	2,000,000	4.95%, 03/25/2020		2,168,652
	1,080,000	5.40%, 01/06/2042		1,214,422
	2,600,000	Korea Development Bank 2.50%, 03/11/2020		2,610,306
	470,000	Macquarie Bank Ltd. 2.40%, 01/21/2020⁽³⁾		465,607
		Morgan Stanley
	4,875,000	2.50%, 01/24/2019		4,901,613
	1,000,000	3.70%, 10/23/2024		1,004,809
	515,000	4.30%, 01/27/2045		491,366
	250,000	5.63%, 09/23/2019		275,900
	4,250,000	National City Corp. 6.88%, 05/15/2019		4,801,314
	4,795,000	Santander Bank NA 8.75%, 05/30/2018		5,411,853
	1,800,000	Santander Issuances SAU 5.18%, 11/19/2025		1,772,726
	780,000	U.S. Bancorp 3.70%, 01/30/2024		816,789
	1,665,000	UBS Group Funding Jersey Ltd. 2.95%, 09/24/2020⁽³⁾		1,649,457
	1,000,000	Wachovia Corp. 5.75%, 06/15/2017		1,058,605
	4,344,000	Wells Fargo & Co. 4.48%, 01/16/2024		4,568,867

				110,854,937

		Commercial Services - 0.2%
	765,000	Catholic Health Initiatives 2.60%, 08/01/2018		768,151
		ERAC USA Finance LLC
	655,000	2.35%, 10/15/2019⁽³⁾		645,647

The accompanying notes are an integral part of these financial statements.


		68

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 17.0% - (continued)
		Commercial Services - 0.2% - (continued)
$	340,000	2.75%, 03/15/2017⁽³⁾	$	344,137
	1,800,000	4.50%, 08/16/2021⁽³⁾		1,904,558
	1,500,000	5.63%, 03/15/2042⁽³⁾		1,609,865

				5,272,358

		Country Funds-Closed-end - 0.1%
	2,475,000	CDP Financial, Inc. 4.40%, 11/25/2019⁽³⁾		2,674,584

		Diversified Financial Services - 1.3%
	1,655,000	Capital One Bank USA NA 2.15%, 11/21/2018		1,640,739
	3,620,000	Discover Financial Services 6.45%, 06/12/2017		3,824,631
	614,000	Eaton Vance Corp. 6.50%, 10/02/2017		655,633
		GE Capital International Funding Co.
	3,489,000	2.34%, 11/15/2020⁽³⁾		3,459,902
	4,597,000	4.42%, 11/15/2035⁽³⁾		4,691,156
	1,910,000	LeasePlan Corp. N.V. 2.88%, 01/22/2019⁽³⁾		1,885,409
	10,178,393	Postal Square L.P. 8.95%, 06/15/2022		12,343,021
		Synchrony Financial
	2,045,000	2.60%, 01/15/2019		2,037,652
	520,000	2.70%, 02/03/2020		510,029
	355,000	3.00%, 08/15/2019		354,507

				31,402,679

		Electric - 1.1%
	1,700,000	Berkshire Hathaway Energy Co. 4.50%, 02/01/2045		1,633,346
	2,605,000	Consolidated Edison Co. of New York, Inc. 5.30%, 12/01/2016		2,701,948
	2,850,000	Dominion Resources, Inc. 3.63%, 12/01/2024		2,822,637
	1,200,000	Duke Energy Carolinas LLC 6.10%, 06/01/2037		1,451,064
	2,375,000	Electricite de France S.A. 5.63%, 01/22/2024^(3)(4)(5)		2,258,625
	285,000	Eversource Energy 3.15%, 01/15/2025		278,178
	1,275,000	Indianapolis Power and Light 6.60%, 06/01/2037⁽³⁾		1,608,347
	4,750,000	NextEra Energy Capital Holdings, Inc. 2.06%, 09/01/2017		4,754,427
	340,000	NiSource Finance Corp. 4.80%, 02/15/2044		345,571
		Pacific Gas & Electric Co.
	695,000	3.85%, 11/15/2023		722,101
	435,000	5.13%, 11/15/2043		475,870
	4,000,000	Southern California Edison Co. 5.55%, 01/15/2037		4,646,352
	1,450,000	Southern Co. 2.75%, 06/15/2020		1,435,262
	1,795,000	State Grid Overseas Investment 2.75%, 05/07/2019⁽³⁾		1,813,410

				26,947,138

		Food - 0.4%
	630,000	Grupo Bimbo S.A.B. de C.V. 3.88%, 06/27/2024⁽³⁾		612,290


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 17.0% - (continued)
		Food - 0.4% - (continued)
$	555,000	Kraft Foods Group, Inc. 2.25%, 06/05/2017	$	559,010
	2,030,000	Kraft Heinz Foods Co. 3.50%, 07/15/2022⁽³⁾		2,043,997
		Kroger Co.
	620,000	3.30%, 01/15/2021		629,425
	1,065,000	4.00%, 02/01/2024		1,103,767
		Mondelez International, Inc.
	225,000	4.00%, 02/01/2024		231,929
	3,800,000	4.13%, 02/09/2016		3,809,800

				8,990,218

		Gas - 0.3%
	5,875,000	Atmos Energy Corp. 6.35%, 06/15/2017		6,258,896

		Healthcare-Products - 0.1%
		Medtronic, Inc.
	545,000	2.50%, 03/15/2020		548,867
	775,000	3.15%, 03/15/2022		783,461
	1,230,000	3.50%, 03/15/2025		1,240,049
	310,000	3.63%, 03/15/2024		317,525
	205,000	4.38%, 03/15/2035		207,222

				3,097,124

		Healthcare-Services - 0.4%
	421,000	Anthem, Inc. 3.30%, 01/15/2023		409,136
	2,125,000	Cigna Corp. 3.25%, 04/15/2025		2,085,188
		Dignity Health
	180,000	2.64%, 11/01/2019		180,719
	380,000	3.81%, 11/01/2024		386,158
		Kaiser Foundation Hospitals
	521,000	3.50%, 04/01/2022		529,368
	660,000	4.88%, 04/01/2042		671,368
	530,000	Memorial Sloan-Kettering Cancer Center 4.20%, 07/01/2055		510,227
	950,000	NewYork-Presbyterian Hospital 4.02%, 08/01/2045		897,472
	1,120,000	Toledo Hospital 4.98%, 11/15/2045		1,177,247
		UnitedHealth Group, Inc.
	920,000	3.35%, 07/15/2022		941,015
	1,440,000	3.75%, 07/15/2025		1,484,461

				9,272,359

		Holding Companies-Diversified - 0.0%
	1,000,000	Hutchison Whampoa International Ltd. 3.63%, 10/31/2024⁽³⁾		992,182

		Household Products - 0.3%
	6,863,360	Procter & Gamble Co. 9.36%, 01/01/2021		8,191,777

		Insurance - 0.4%
		Ace INA Holdings, Inc.
	495,000	2.30%, 11/03/2020		491,441
	840,000	3.35%, 05/15/2024		847,946
	1,315,000	4.35%, 11/03/2045		1,336,214
	1,045,000	American International Group, Inc. 3.88%, 01/15/2035		921,723
	200,000	Five Corners Funding Trust 4.42%, 11/15/2023⁽³⁾		208,797

The accompanying notes are an integral part of these financial statements.


		69

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 17.0% - (continued)
		Insurance - 0.4% - (continued)
$	550,000	Liberty Mutual Group, Inc. 4.25%, 06/15/2023⁽³⁾	$	558,837
		MetLife, Inc.
	305,000	1.90%, 12/15/2017		306,794
	2,205,000	3.60%, 04/10/2024		2,262,330
	795,000	4.88%, 11/13/2043		834,039
	1,500,000	Prudential Financial, Inc. 3.50%, 05/15/2024		1,506,231
	505,000	Teachers Insurance & Annuity Association of America 4.90%, 09/15/2044⁽³⁾		510,093

				9,784,445

		Internet - 0.1%
	200,000	Alibaba Group Holding Ltd. 2.50%, 11/28/2019		195,392
		Amazon.com, Inc.
	1,250,000	2.50%, 11/29/2022		1,209,330
	1,020,000	4.80%, 12/05/2034		1,073,932
	570,000	4.95%, 12/05/2044		607,014

				3,085,668

		IT Services - 0.1%
	1,360,000	Apple, Inc. 3.45%, 05/06/2024		1,408,884
	1,851,000	EMC Corp. 1.88%, 06/01/2018		1,727,127

				3,136,011

		Lodging - 0.1%
	1,900,000	Marriott International, Inc. 2.88%, 03/01/2021		1,885,070

		Machinery-Construction & Mining - 0.1%
	1,500,000	Caterpillar Financial Services Corp. 3.30%, 06/09/2024		1,489,749
		Caterpillar, Inc.
	835,000	3.40%, 05/15/2024		845,865
	135,000	4.30%, 05/15/2044		130,371

				2,465,985

		Media - 0.8%
		21st Century Fox America, Inc.
	385,000	4.00%, 10/01/2023		397,671
	1,275,000	4.50%, 02/15/2021		1,371,941
	645,000	CCO Safari II LLC 6.48%, 10/23/2045⁽³⁾		646,057
	2,450,000	Comcast Corp. 4.40%, 08/15/2035		2,464,597
	2,320,000	Cox Communications, Inc. 4.80%, 02/01/2035⁽³⁾		1,919,243
		DirecTV Holdings LLC
	355,000	3.95%, 01/15/2025		349,963
	2,185,000	4.45%, 04/01/2024		2,244,196
		Grupo Televisa S.A.B.
	420,000	5.00%, 05/13/2045		361,118
	700,000	6.13%, 01/31/2046		695,870
		Sky plc
	1,265,000	2.63%, 09/16/2019⁽³⁾		1,259,156
	2,386,000	3.75%, 09/16/2024⁽³⁾		2,330,347
		Time Warner Cable, Inc.
	4,120,000	5.85%, 05/01/2017		4,310,035
	395,000	6.55%, 05/01/2037		399,734
	250,000	7.30%, 07/01/2038		271,039


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 17.0% - (continued)
		Media - 0.8% - (continued)
$	480,000	8.25%, 04/01/2019	$	551,184
	40,000	8.75%, 02/14/2019		46,402
	130,000	Time Warner Entertainment Co., L.P. 8.38%, 03/15/2023		159,652
	835,000	Viacom, Inc. 3.88%, 12/15/2021		820,896

				20,599,101

		Mining - 0.2%
	2,465,000	BHP Billiton Finance USA Ltd. 3.85%, 09/30/2023		2,333,904
	1,905,000	Rio Tinto Finance USA Ltd. 3.75%, 09/20/2021		1,851,723

				4,185,627

		Miscellaneous Manufacturing - 0.1%
	450,000	Parker-Hannifin Corp. 4.45%, 11/21/2044		467,683
	2,375,000	Pentair Finance S.A. 2.90%, 09/15/2018		2,364,370

				2,832,053

		Oil & Gas - 1.1%
	2,450,000	BG Energy Capital plc 4.00%, 10/15/2021⁽³⁾		2,542,627
		BP Capital Markets plc
	655,000	2.32%, 02/13/2020		645,345
	1,640,000	3.51%, 03/17/2025		1,588,174
	140,000	3.99%, 09/26/2023		143,172
	2,850,000	4.75%, 03/10/2019		3,047,551
		ConocoPhillips Co.
	200,000	2.88%, 11/15/2021		194,215
	270,000	3.35%, 05/15/2025		243,994
	395,000	4.30%, 11/15/2044		328,254
		Devon Energy Corp.
	370,000	3.25%, 05/15/2022		314,514
	705,000	5.00%, 06/15/2045		534,322
	1,535,000	5.85%, 12/15/2025		1,492,855
	2,785,000	EnCana Corp. 6.50%, 05/15/2019		2,715,308
	360,000	Phillips 66 4.88%, 11/15/2044		321,179
		Pioneer Natural Resources Co.
	1,315,000	4.45%, 01/15/2026		1,184,044
	3,540,000	7.50%, 01/15/2020		3,759,852
	500,000	Shell International Finance B.V. 4.38%, 03/25/2020		537,015
	3,950,000	Sinopec Group Overseas Development 2015 Ltd. 2.50%, 04/28/2020⁽³⁾		3,885,816
		Statoil ASA
	340,000	2.25%, 11/08/2019		338,794
	160,000	2.45%, 01/17/2023		151,672
	495,000	2.75%, 11/10/2021		491,867
	1,850,000	2.90%, 11/08/2020		1,880,255
	210,000	3.25%, 11/10/2024		205,966
	45,000	3.70%, 03/01/2024		45,591
	615,000	Suncor Energy, Inc. 3.60%, 12/01/2024		579,255
	1,375,000	Total Capital International S.A. 2.70%, 01/25/2023		1,318,145

				28,489,782

The accompanying notes are an integral part of these financial statements.


		70

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 17.0% - (continued)
		Oil & Gas Services - 0.1%
$	1,085,000	Halliburton Co. 3.38%, 11/15/2022	$	1,067,786
	940,000	Schlumberger Holdings Corp. 3.00%, 12/21/2020⁽³⁾		927,856
	1,625,000	Schlumberger Investment S.A. 3.65%, 12/01/2023		1,648,606

				3,644,248

		Pharmaceuticals - 0.9%
	270,000	AbbVie, Inc. 3.20%, 11/06/2022		265,770
		Actavis Funding SCS
	610,000	3.00%, 03/12/2020		609,515
	1,035,000	3.45%, 03/15/2022		1,036,129
	330,000	3.80%, 03/15/2025		328,315
	600,000	4.85%, 06/15/2044		593,652
		Bayer US Finance LLC
	260,000	2.38%, 10/08/2019⁽³⁾		260,163
	1,215,000	3.00%, 10/08/2021⁽³⁾		1,225,257
	395,000	3.38%, 10/08/2024⁽³⁾		397,811
		Cardinal Health, Inc.
	990,000	2.40%, 11/15/2019		989,621
	880,000	3.50%, 11/15/2024		881,022
	1,035,000	4.50%, 11/15/2044		998,985
	450,000	Eli Lilly & Co. 2.75%, 06/01/2025		444,267
		EMD Finance LLC
	2,015,000	2.95%, 03/19/2022⁽³⁾		1,944,175
	3,000,000	3.25%, 03/19/2025⁽³⁾		2,844,441
	1,525,000	Express Scripts Holding Co. 2.25%, 06/15/2019		1,516,012
	305,000	Forest Laboratories, Inc. 4.88%, 02/15/2021⁽³⁾		330,255
		McKesson Corp.
	100,000	2.85%, 03/15/2023		95,936
	990,000	3.80%, 03/15/2024		995,176
		Merck & Co., Inc.
	1,960,000	2.75%, 02/10/2025		1,908,076
	1,640,000	2.80%, 05/18/2023		1,631,880
	630,000	4.15%, 05/18/2043		625,260
	1,925,000	Mylan N.V. 3.00%, 12/15/2018⁽³⁾		1,920,751

				21,842,469

		Pipelines - 0.5%
	990,000	Columbia Pipeline Group, Inc. 2.45%, 06/01/2018⁽³⁾		967,941
	1,300,000	Energy Transfer Partners L.P. 5.15%, 03/15/2045		918,865
	2,850,000	Kinder Morgan Energy Partners L.P. 6.95%, 01/15/2038		2,447,885
	2,425,000	Phillips 66 Partners L.P. 3.61%, 02/15/2025		2,086,079
	2,510,000	Regency Energy Partners L.P. 5.88%, 03/01/2022		2,365,828
	2,375,000	Sunoco Logistics Partners Operations L.P. 4.40%, 04/01/2021		2,301,544
	2,470,000	Western Gas Partners L.P. 4.00%, 07/01/2022		2,184,752

				13,272,894


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 17.0% - (continued)
		Real Estate - 0.1%
		WEA Finance LLC / Westfield UK & Europe Finance plc
$	480,000	1.75%, 09/15/2017⁽³⁾	$	475,882
	730,000	2.70%, 09/17/2019⁽³⁾		723,986
	1,400,000	3.25%, 10/05/2020⁽³⁾⁽⁶⁾		1,405,358

				2,605,226

		Real Estate Investment Trusts - 0.4%
	975,000	American Tower Corp. 3.45%, 09/15/2021		979,779
	760,000	AvalonBay Communities, Inc. 3.63%, 10/01/2020		788,913
	2,010,000	Brandywine Operating Partnership L.P. 6.00%, 04/01/2016		2,030,399
		HCP, Inc.
	2,960,000	4.00%, 06/01/2025		2,890,182
	2,030,000	6.00%, 01/30/2017		2,114,649
	1,735,000	Scentre Group 2.38%, 11/05/2019⁽³⁾		1,711,578

				10,515,500

		Retail - 0.5%
		AutoZone, Inc.
	900,000	3.13%, 07/15/2023		882,786
	1,908,000	3.70%, 04/15/2022		1,941,142
		CVS Health Corp.
	2,100,000	4.00%, 12/05/2023		2,182,360
	1,370,000	4.88%, 07/20/2035		1,414,512
	1,585,000	5.13%, 07/20/2045		1,669,688
	325,000	Home Depot, Inc. 4.40%, 03/15/2045		335,906
	2,650,000	Lowe’s Cos., Inc. 4.63%, 04/15/2020		2,868,185
	1,435,000	O’Reilly Automotive, Inc. 3.80%, 09/01/2022		1,452,382

				12,746,961

		Savings & Loans - 0.1%
	1,610,000	Nationwide Building Society 2.35%, 01/21/2020⁽³⁾		1,599,174

		Telecommunications - 0.7%
		America Movil S.A.B. de C.V.
	635,000	3.13%, 07/16/2022		623,962
	530,000	4.38%, 07/16/2042		468,125
	1,000,000	AT&T, Inc. 6.80%, 05/15/2036		1,149,414
	715,000	GTP Acquisition Partners I LLC 2.35%, 06/15/2045⁽³⁾		694,849
		Orange S.A.
	3,200,000	4.13%, 09/14/2021		3,386,218
	420,000	9.00%, 03/01/2031		592,801
		Verizon Communications, Inc.
	425,000	3.45%, 03/15/2021		434,813
	2,415,000	3.50%, 11/01/2021		2,465,713
	4,795,000	4.50%, 09/15/2020		5,151,781
	2,386,000	4.52%, 09/15/2048		2,133,793
	715,000	4.75%, 11/01/2041		659,410
	263,000	6.40%, 09/15/2033		299,630

				18,060,509

The accompanying notes are an integral part of these financial statements.


		71

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 17.0% - (continued)
		Transportation - 0.2%
		FedEx Corp.
$	270,000	2.63%, 08/01/2022	$	263,021
	405,000	2.70%, 04/15/2023		393,088
	845,000	4.90%, 01/15/2034		868,081
	1,435,000	5.10%, 01/15/2044		1,486,835
	1,685,000	Penske Truck Leasing Co. L.P. / PTL Finance Corp. 3.20%, 07/15/2020⁽³⁾		1,668,091

				4,679,116

		Total Corporate Bonds (cost $419,397,465)	$	427,332,947


FOREIGN GOVERNMENT OBLIGATIONS - 0.2%
		Mexico - 0.2%
		Mexico Government International Bond
$	1,674,000	3.50%, 01/21/2021	$	1,699,110
	2,375,000	3.60%, 01/30/2025		2,314,438

		Total Foreign Government Obligations (cost $4,022,208)	$	4,013,548


MUNICIPAL BONDS - 1.3%
		General - 0.2%
$	585,000	Chicago Transit Auth 6.90%, 12/01/2040	$	679,899
	1,785,000	Kansas Dev Finance Auth 4.93%, 04/15/2045		1,774,593
	2,400,000	New Jersey State, Economic Auth Rev 3.80%, 06/15/2018		2,388,336

				4,842,828

		General Obligation - 0.3%
	1,235,000	California State GO, Taxable 7.55%, 04/01/2039		1,793,850
	685,000	Chicago, IL, Metropolitan Water Reclamation GO 5.72%, 12/01/2038		791,237
	1,640,000	Illinois State, GO 5.10%, 06/01/2033		1,550,866
	2,800,000	Los Angeles, CA, USD GO 5.75%, 07/01/2034		3,370,668

				7,506,621

		Higher Education - 0.1%
	1,960,000	University of California, Build America Bonds Rev 5.77%, 05/15/2043		2,401,666

		Medical - 0.1%
	1,935,000	University of California, Regents MedCenter Pooled Rev 6.58%, 05/15/2049		2,499,885

		Power - 0.0%
	485,000	Utility Debt Securitization Auth, New York 3.44%, 12/15/2025		502,673

		Transportation - 0.5%
	1,560,000	Bay Area, CA, Toll Auth Bridge Rev 6.26%, 04/01/2049		2,102,412
	1,500,000	Dallas, TX, Area Rapid Transit Sales Tax Rev 6.00%, 12/01/2044		1,958,385


Shares or Principal Amount			Market Value^†
MUNICIPAL BONDS - 1.3% - (continued)
		Transportation - 0.5% - (continued)
$	1,875,000	Illinois State Toll Highway Auth, Taxable Rev 6.18%, 01/01/2034	$	2,345,100
	1,050,000	Maryland State Transportation Auth 5.89%, 07/01/2043		1,276,999
		New York and New Jersey PA, Taxable Rev
	685,000	4.81%, 10/15/2065		696,460
	975,000	5.86%, 12/01/2024		1,190,573
	570,000	6.04%, 12/01/2029		690,378
	2,400,000	North Texas Tollway Auth Rev 6.72%, 01/01/2049		3,306,336

				13,566,643

		Utility - Electric - 0.1%
	905,000	Municipal Electric Auth. Georgia 6.64%, 04/01/2057		1,086,100

		Total Municipal Bonds (cost $27,587,494)	$	32,406,416


U.S. GOVERNMENT AGENCIES - 1.0%
		FHLMC - 0.4%
$	66,937	2.43%, 04/01/2029⁽⁴⁾	$	69,036
	43,319	4.00%, 03/01/2041		45,911
	1,081,648	4.50%, 08/01/2033		1,169,977
	414,574	4.50%, 09/01/2033		448,369
	25,141	4.50%, 12/01/2034		27,189
	56,133	4.50%, 05/01/2035		60,688
	59,428	4.50%, 09/01/2035		64,276
	40,489	4.50%, 12/01/2035		43,603
	1,326,615	4.50%, 10/01/2039		1,430,996
	162,816	4.50%, 01/01/2040		175,589
	9,800	4.50%, 04/01/2040		10,559
	43,028	4.50%, 09/01/2040		46,956
	381,936	4.50%, 02/01/2041		412,181
	632,078	4.50%, 10/01/2041		682,478
	113,149	4.50%, 11/01/2043		122,612
	4,107,447	4.50%, 01/01/2044		4,435,620

				9,246,040

		FNMA - 0.3%
	136,462	4.50%, 11/01/2023		147,382
	238,907	4.50%, 03/01/2038		258,715
	138,546	4.50%, 11/01/2039		149,774
	299,484	4.50%, 04/01/2040		324,948
	203,643	4.50%, 05/01/2040		220,392
	515,382	4.50%, 08/01/2040		557,352
	116,097	4.50%, 11/01/2040		125,388
	78,398	4.50%, 02/01/2041		84,854
	215,728	4.50%, 03/01/2041		233,326
	1,415,709	4.50%, 04/01/2041		1,531,857
	117,813	4.50%, 05/01/2041		127,241
	623,773	4.50%, 06/01/2041		674,567
	939,919	4.50%, 07/01/2041		1,017,119
	368,330	4.50%, 09/01/2041		398,592
	23,858	4.50%, 11/01/2043		25,768
	550,964	4.50%, 06/01/2044		597,397
	279,280	4.50%, 07/01/2044		301,639
	1,800,000	4.50%, 01/01/2046⁽⁷⁾		1,943,775
	4,758	5.00%, 02/01/2019		4,948
	47,137	5.00%, 04/01/2019		48,809

				8,773,843

The accompanying notes are an integral part of these financial statements.


		72

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
U.S. GOVERNMENT AGENCIES - 1.0% - (continued)
		GNMA - 0.3%
$	174,458	5.00%, 07/15/2037	$	194,463
	25,925	6.00%, 06/15/2024		29,285
	6,871	6.00%, 07/15/2026		7,708
	12,195	6.00%, 01/15/2028		13,680
	3,196	6.00%, 03/15/2028		3,697
	87,564	6.00%, 04/15/2028		98,552
	114,677	6.00%, 05/15/2028		128,642
	24,749	6.00%, 06/15/2028		27,762
	75,128	6.00%, 07/15/2028		85,180
	22,782	6.00%, 08/15/2028		25,682
	100,526	6.00%, 09/15/2028		113,064
	182,630	6.00%, 10/15/2028		205,283
	295,287	6.00%, 11/15/2028		331,789
	168,978	6.00%, 12/15/2028		190,020
	6,293	6.00%, 12/15/2031		7,234
	36,345	6.00%, 09/15/2032		41,488
	12,470	6.00%, 11/15/2032		14,403
	21,054	6.00%, 01/15/2033		23,618
	6,075	6.00%, 04/15/2033		6,815
	137,009	6.00%, 06/15/2033		157,290
	55,117	6.00%, 10/15/2033		63,606
	7,746	6.00%, 11/15/2033		8,943
	140,730	6.00%, 10/15/2034		159,728
	64,083	6.00%, 01/15/2035		71,886
	8,308	6.00%, 05/15/2035		9,320
	26,490	6.00%, 06/15/2035		30,501
	1,214	6.50%, 03/15/2026		1,388
	22	6.50%, 04/15/2026		25
	5,804	6.50%, 01/15/2028		6,640
	472	6.50%, 02/15/2028		540
	94,188	6.50%, 03/15/2028		107,763
	174,001	6.50%, 04/15/2028		199,078
	61,747	6.50%, 05/15/2028		70,649
	242,935	6.50%, 06/15/2028		277,949
	14,923	6.50%, 10/15/2028		17,074
	5,117	6.50%, 02/15/2035		5,966
	34,374	7.00%, 11/15/2031		39,439
	16,843	7.00%, 03/15/2032		19,600
	1,793,818	7.00%, 11/15/2032		2,170,616
	258,001	7.00%, 01/15/2033		306,656
	282,059	7.00%, 05/15/2033		333,374
	55,609	7.00%, 07/15/2033		65,423
	339,642	7.00%, 11/15/2033		401,763
	136,052	7.50%, 09/16/2035		155,795
	253	8.00%, 09/15/2026		284
	160	8.00%, 11/15/2026		179
	16,146	8.00%, 12/15/2026		19,404
	180	8.00%, 09/15/2027		191
	10,626	8.00%, 07/15/2029		12,914
	5,571	8.00%, 10/15/2029		5,652
	4,344	8.00%, 11/15/2029		4,361
	23,364	8.00%, 12/15/2029		25,087
	4,995	8.00%, 01/15/2030		5,217
	7,093	8.00%, 02/15/2030		7,365
	1,183	8.00%, 03/15/2030		1,210
	62,320	8.00%, 04/15/2030		63,517
	12,018	8.00%, 05/15/2030		12,445
	50,810	8.00%, 06/15/2030		54,365
	4,000	8.00%, 07/15/2030		4,447
	87,392	8.00%, 08/15/2030		90,272
	17,809	8.00%, 09/15/2030		18,223


Shares or Principal Amount			Market Value^†
U.S. GOVERNMENT AGENCIES - 1.0% - (continued)
		GNMA - 0.3% - (continued)
$	10,802	8.00%, 11/15/2030	$	11,145
	184,149	8.00%, 12/15/2030		203,903
	283	8.00%, 02/15/2031		301
	2,583	9.00%, 07/20/2016		2,591
	10,164	9.00%, 06/15/2022		10,342

				6,782,792

		Total U.S. Government Agencies (cost $23,753,947)	$	24,802,675


U.S. GOVERNMENT SECURITIES - 14.1%
		U.S. Treasury Securities - 14.1%
		U.S. Treasury Bonds - 3.2%
$	18,060,000	2.50%, 02/15/2045	$	16,203,920
	17,645,800	2.88%, 05/15/2043		17,204,655
	235,000	3.00%, 11/15/2044		234,146
	361,500	3.13%, 02/15/2043		370,509
	10,095,000	3.13%, 08/15/2044		10,317,009
	4,630,000	3.38%, 05/15/2044		4,968,930
	22,000,000	4.38%, 02/15/2038⁽⁸⁾		27,762,966
	1,750,000	6.00%, 02/15/2026		2,336,455

				79,398,590

		U.S. Treasury Notes - 10.9%
	50,000,000	0.50%, 08/31/2016		49,943,350
	4,300,000	0.50%, 03/31/2017		4,280,349
	22,475,000	0.63%, 12/31/2016		22,437,242
	8,300,000	0.63%, 05/31/2017		8,263,364
	25,000,000	0.63%, 08/31/2017		24,839,850
	3,800,000	0.63%, 09/30/2017		3,773,727
	5,343,000	0.88%, 01/31/2017		5,343,417
	11,800,000	1.00%, 09/15/2017		11,793,085
	8,935,000	1.38%, 09/30/2018		8,962,922
	2,025,000	1.38%, 09/30/2020		1,990,036
	37,000,000	1.63%, 07/31/2019		37,128,649
	1,665,000	1.63%, 06/30/2020		1,658,170
	17,835,000	1.75%, 09/30/2019		17,955,529
	7,475,000	2.00%, 02/15/2025		7,307,104
	8,000,000	2.13%, 05/15/2025		7,895,624
	16,670,000	2.25%, 11/15/2024		16,661,532
	13,095,000	2.38%, 08/15/2024		13,231,581
	16,070,000	2.75%, 02/15/2019		16,744,811
	7,650,000	2.75%, 11/15/2023		7,983,792
	5,950,000	2.75%, 02/15/2024		6,197,532

				274,391,666

		Total U.S. Government Securities (cost $345,033,532)	$	353,790,256


		Total Long-Term Investments (cost $2,048,162,458)	$	2,479,455,636

The accompanying notes are an integral part of these financial statements.


		73

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
SHORT-TERM INVESTMENTS - 1.3%
		Discount Notes - 1.1%
		Sovereign - 1.1%
		FHLB
$	1,469,000	0.18%, 02/04/2016⁽⁹⁾	$	1,468,750
	25,279,000	0.19%, 02/12/2016⁽⁹⁾		25,273,397

				26,742,147

				26,742,147

		Other Investment Pools & Funds - 0.2%
	4,579,370	Federated Prime Obligations Fund		4,579,370


		Total Short-Term Investments (cost $31,321,517)	$	31,321,517



Total Investments (cost $2,079,483,975)^	100.0	%	$	2,510,777,153
Other Assets and Liabilities	0.0	%		1,106,059

Total Net Assets	100.0	%	$	2,511,883,212

The accompanying notes are an integral part of these financial statements.


		74

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

Prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group indices and/or as defined by Fund management. Industry classifications may not be identical across all security types.

Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $2,096,519,649 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	479,586,190
Unrealized Depreciation		(65,328,686	)

Net Unrealized Appreciation	$	414,257,504

*	Non-income producing.

⁽¹⁾

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At December 31, 2015, the aggregate fair value of these securities was $19,755,780, which represents 0.8% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

⁽²⁾

The following securities are considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.


Period Acquired	Shares/Par		Security	Cost
08/2011		11,702,200	Allstar Co.	$	5,090,681
11/2013		163,241	Tory Burch LLC		12,794,224

				$	17,884,905

At December 31, 2015, the aggregate value of these securities was $19,755,780, which represents 0.8% of total net assets.

⁽³⁾

Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2015, the aggregate value of these securities was $105,809,331, which represents 4.2% of total net assets.

⁽⁴⁾	Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2015.

⁽⁵⁾	Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

⁽⁶⁾	This security, or a portion of this security, was purchased on a when-issued, delayed-delivery or delayed-draw basis. The cost of this security was $1,395,198 at December 31, 2015.

⁽⁷⁾	Represents or includes a TBA transaction.

⁽⁸⁾	This security, or a portion of this security, has been pledged as collateral in connection with futures contracts.

⁽⁹⁾	The rate shown represents current yield to maturity.

The accompanying notes are an integral part of these financial statements.


		75

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Futures Contracts Outstanding at December 31, 2015


Description	Number of Contracts		Expiration Date		Notional Amount		Market Value^†		Unrealized Appreciation/ (Depreciation)
Long position contracts:
U.S. Treasury 10-Year Note Future		15		03/21/2016	$	1,894,091	$	1,888,594	$	(5,497	)
U.S. Treasury 5-Year Note Future		141		03/31/2016		16,738,513		16,683,164		(55,349	)

Total									$	(60,846	)

Total futures contracts									$	(60,846	)

TBA Sale Commitments Outstanding at December 31, 2015


Description	Principal Amount		Maturity Date		Market Value^†			Unrealized Appreciation/ (Depreciation)
FHLMC, 4.50%	$	5,000,000		01/01/2046	$	(5,386,250	)	$	(3,969	)

Total (proceeds $5,382,281)					$	(5,386,250	)	$	(3,969	)

At December 31, 2015, the aggregate market value of these securities represents (0.2)% of total net assets.

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt
FHLB		Federal Home Loan Bank
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
GNMA		Government National Mortgage Association
TBA		To Be Announced

Municipal Abbreviations:
GO		General Obligation
PA		Port Authority
Rev		Revenue
USD		United School District

The accompanying notes are an integral part of these financial statements.


		76

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total			Level 1⁽¹⁾			Level 2⁽¹⁾			Level 3
Assets
Common Stocks
Automobiles & Components	$	12,707,207		$	12,707,207		$	—		$	—
Banks		173,288,405			173,288,405			—			—
Capital Goods		113,235,673			113,235,673			—			—
Commercial & Professional Services		16,526,690			16,526,690			—			—
Consumer Durables & Apparel		8,760,667			8,760,667			—			—
Consumer Services		31,128,642			31,128,642			—			—
Diversified Financials		73,166,802			73,166,802			—			—
Energy		96,985,750			96,985,750			—			—
Food & Staples Retailing		29,661,463			29,661,463			—			—
Food, Beverage & Tobacco		87,826,897			69,838,716			17,988,181			—
Health Care Equipment & Services		74,802,775			74,802,775			—			—
Household & Personal Products		15,279,291			15,279,291			—			—
Insurance		61,689,910			61,689,910			—			—
Materials		42,213,452			42,213,452			—			—
Media		60,278,553			60,278,553			—			—
Pharmaceuticals, Biotechnology & Life Sciences		242,290,484			186,464,779			55,825,705			—
Retailing		77,745,266			57,989,486			—			19,755,780
Semiconductors & Semiconductor Equipment		79,534,664			79,534,664			—			—
Software & Services		172,846,828			172,846,828			—			—
Technology Hardware & Equipment		73,980,722			73,980,722			—			—
Telecommunication Services		8,702,764			8,702,764			—			—
Transportation		11,826,968			11,826,968			—			—
Utilities		30,547,816			30,547,816			—			—
Asset & Commercial Mortgage Backed Securities		42,082,105			—			42,082,105			—
Corporate Bonds		427,332,947			—			427,332,947			—
Foreign Government Obligations		4,013,548			—			4,013,548			—
Municipal Bonds		32,406,416			—			32,406,416			—
U.S. Government Agencies		24,802,675			—			24,802,675			—
U.S. Government Securities		353,790,256			—			353,790,256			—
Short-Term Investments		31,321,517			4,579,370			26,742,147			—

Total	$	2,510,777,153		$	1,506,037,393		$	984,983,980		$	19,755,780

Liabilities
Futures Contracts⁽²⁾	$	(60,846	)	$	(60,846	)	$	—		$	—
TBA Sale Commitments		(5,386,250	)		—			(5,386,250	)		—

Total	$	(5,447,096	)	$	(60,846	)	$	(5,386,250	)	$	—

⁽¹⁾	For the year ended December 31, 2015, there were no transfers between Level 1 and Level 2.

⁽²⁾	Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The accompanying notes are an integral part of these financial statements.


		77

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2015

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2015:


	Asset & Commercial Mortgage Backed Securities			Common Stocks			Corporate Bonds			Total
Beginning balance	$	7,898		$	21,745,766		$	20,629,007		$	42,382,671
Purchases		—			—			—			—
Sales		—			—			—			—
Accrued discounts/(premiums)		—			—			—			—
Total realized gain/(loss)		—			—			—			—
Net change in unrealized appreciation/depreciation		—			(1,989,986	)		—			(1,989,986	)
Transfers into Level 3⁽¹⁾		—			—			—			—
Transfers out of Level 3⁽¹⁾		(7,898	)		—			(20,629,007	)		(20,636,905	)

Ending balance	$	—		$	19,755,780		$	—		$	19,755,780

The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at December 31, 2015 was $(1,989,986).

⁽¹⁾	Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

^a)

Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

^b)

Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

^c)

Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		78

Hartford Capital Appreciation HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.1%
		Automobiles & Components - 1.8%
	483,884	Delphi Automotive plc	$	41,483,375
	243,845	Fiat Chrysler Automobiles N.V.*		3,386,482
	253,742	General Motors Co.		8,629,765
	941,910	Goodyear Tire & Rubber Co.		30,772,200
	174,600	Honda Motor Co., Ltd.		5,580,480
	107,900	Magna International, Inc.		4,376,200
	21,661	Tesla Motors, Inc.*		5,198,857
	104,636	Volkswagen AG (Preference Shares)		15,107,279

				114,534,638

		Banks - 6.5%
	2,218,161	Alpha Bank A.E.*		5,944,406
	2,112,094	Bank of America Corp.		35,546,542
	173,409	BNP Paribas S.A.		9,811,017
	1,105,542	CaixaBank S.A.		3,847,960
	7,153,000	China Construction Bank Corp. Class H		4,879,402
	1,406,422	Citigroup, Inc.		72,782,339
	307,532	Citizens Financial Group, Inc.		8,054,263
	473,200	HSBC Holdings plc		3,735,540
	1,366,417	ICICI Bank Ltd. ADR		10,699,045
	1,804,376	JP Morgan Chase & Co.		119,142,947
	154,638	M&T Bank Corp.		18,739,033
	1,150,600	Mitsubishi UFJ Financial Group, Inc.		7,127,103
	579,037	Nordea Bank AB		6,353,051
	745,777	PNC Financial Services Group, Inc.		71,080,006
	2,815,100	Sberbank of Russia PJSC ADR		16,299,429
	267,322	Svenska Handelsbanken AB Class A		3,550,430
	344,344	Wells Fargo & Co.		18,718,540

				416,311,053

		Capital Goods - 5.2%
	87,888	3M Co.		13,239,448
	1,047,131	AerCap Holdings N.V.*		45,194,174
	138,174	Airbus Group SE		9,311,175
	453,875	Builders FirstSource, Inc.*		5,028,935
	282,956	Capstone Turbine Corp.*		396,138
	67,705	Caterpillar, Inc.		4,601,232
	50,104	Danaher Corp.		4,653,659
	22,340	DigitalGlobe, Inc.*		349,844
	484,793	Eaton Corp. plc		25,228,628
	126,374	Fastenal Co.		5,158,587
	93,602	Fortune Brands Home & Security, Inc.		5,194,911
	134,615	Generac Holdings, Inc.*		4,007,489
	78,283	General Electric Co.		2,438,515
	350,600	HF Global, Inc.⁽¹⁾⁽²⁾		4,242,246
	297,786	Honeywell International, Inc.		30,841,696
	7,055	KLX, Inc.*		217,223
	73,334	Lockheed Martin Corp.		15,924,478
	37,123	Middleby Corp.*		4,004,458
	523,786	Owens Corning		24,633,656
	336,735	Raytheon Co.		41,933,610
	87,811	Safran S.A.		6,032,856
	548,800	Sanwa Holdings Corp.		4,340,461
	137,351	Schneider Electric SE		7,802,076
	53,567	Siemens AG		5,182,383
	34,301	Sulzer AG		3,224,073
	54,760	TransDigm Group, Inc.*		12,509,922
	377,707	United Technologies Corp.		36,286,311
	75,241	Wabco Holdings, Inc.*		7,694,145
	82,376	WESCO International, Inc.*		3,598,184

				333,270,513


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.1% - (continued)
		Commercial & Professional Services - 0.4%
	156,120	Clean Harbors, Inc.*	$	6,502,398
	124,024	Equifax, Inc.		13,812,553
	22,362	FTI Consulting, Inc.*		775,067
	238,100	TriNet Group, Inc.*		4,607,235

				25,697,253

		Consumer Durables & Apparel - 2.5%
	269,150	Asics Corp.		5,584,188
	240,611	D.R. Horton, Inc.		7,706,770
	120,390	Deckers Outdoor Corp.*		5,682,408
	138,831	Electrolux AB Series B		3,349,631
	29,708,000	Global Brands Group Holding Ltd.*		5,625,770
	271,892	Harman International Industries, Inc.		25,614,945
	467,216	Kate Spade & Co.*		8,302,428
	339,551	Lennar Corp. Class A		16,607,439
	70,498	Luxottica Group S.p.A.		4,594,006
	1,786,870	PulteGroup, Inc.		31,842,023
	63,013	Ralph Lauren Corp.		7,024,689
	1,330,300	Sony Corp.		32,694,501
	216,767	Vera Bradley, Inc.*		3,416,248

				158,045,046

		Consumer Services - 3.2%
	283,203	American Public Education, Inc.*		5,270,408
	17,704	Chipotle Mexican Grill, Inc.*		8,495,264
	105,700	Grand Canyon Education, Inc.*		4,240,684
	962,296	Hilton Worldwide Holdings, Inc.		20,593,135
	58,276	Jack in the Box, Inc.		4,470,352
	558,354	Las Vegas Sands Corp.		24,478,239
	282,790	LifeLock, Inc.*		4,058,037
	203,735	McDonald’s Corp.		24,069,253
	675,400	Norwegian Cruise Line Holdings Ltd.*		39,578,440
	48,840	Panera Bread Co. Class A*		9,513,055
	220,073	Planet Fitness, Inc. Class A*		3,439,741
	811,200	Sands China Ltd.		2,750,125
	675,634	Wyndham Worldwide Corp.		49,084,810
	24,814	Wynn Resorts Ltd.		1,716,881

				201,758,424

		Diversified Financials - 4.7%
	278,320	American Express Co.		19,357,156
	22,070	Ameriprise Financial, Inc.		2,348,689
	171,674	Banca Generali S.p.A.		5,400,175
	125,453	BlackRock, Inc.		42,719,256
	1,282,300	Blackstone Group L.P.		37,494,452
	1,420,920	Henderson Group plc		6,458,106
	43,641	Intercontinental Exchange, Inc.		11,183,443
	61,068	Julius Baer Group Ltd.*		2,954,296
	335,050	LendingClub Corp. PIPE*		3,702,303
	299,734	Markit, Ltd.*		9,042,975
	337,900	McGraw Hill Financial, Inc.		33,310,182
	488,022	MSCI, Inc.		35,201,027
	144,790	Northern Trust Corp.		10,437,911
	1,055,099	OneMain Holdings Inc.*		43,828,812
	214,150	PRA Group, Inc.*		7,428,864
	261,960	Raymond James Financial, Inc.		15,185,821
	242,340	Santander Consumer USA Holdings, Inc.*		3,841,089
	74,700	Solar Cayman Ltd.*⁽¹⁾⁽²⁾		16,135
	5,060	Synchrony Financial*		153,875
	118,638	Waddell & Reed Financial, Inc. Class A		3,400,165
	193,500	WisdomTree Investments, Inc.		3,034,080

				296,498,812

The accompanying notes are an integral part of these financial statements.


		79

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.1% - (continued)
		Energy - 3.8%
	181,839	Anadarko Petroleum Corp.	$	8,833,739
	318,618	Atwood Oceanics, Inc.		3,259,462
	362,598	Canadian Natural Resources Ltd.		7,915,514
	243,803	Chevron Corp.		21,932,518
	1,984,165	Cobalt International Energy, Inc.*		10,714,491
	134,050	Continental Resources, Inc.*		3,080,469
	117,631	Diamondback Energy, Inc.*		7,869,514
	46,160	Energen Corp.		1,892,098
	373,000	Ensco plc Class A		5,740,470
	56,619	EOG Resources, Inc.		4,008,059
	193,780	Golar LNG Ltd.		3,059,786
	311,176	Halliburton Co.		10,592,431
	98,302	Helmerich & Payne, Inc.		5,264,072
	124,591	HollyFrontier Corp.		4,969,935
	814,938	Imperial Oil Ltd.		26,501,784
	3,296,103	Karoon Gas Australia Ltd.*		4,212,001
	612,223	Laredo Petroleum, Inc.*		4,891,662
	539,789	Marathon Oil Corp.		6,795,944
	456,332	McDermott International, Inc.*		1,528,712
	101,260	National Oilwell Varco, Inc.		3,391,197
	69,240	Newfield Exploration Co.*		2,254,454
	199,730	Occidental Petroleum Corp.		13,503,745
	272,438	Pioneer Natural Resources Co.		34,158,276
	263,319	QEP Resources, Inc.		3,528,475
	271,221	Rice Energy, Inc.*		2,956,309
	231,818	Royal Dutch Shell plc Class B		5,283,346
	1,997,999	Southwestern Energy Co.*		14,205,773
	552,696	Suncor Energy, Inc.		14,259,557
	127,880	Total S.A.		5,733,035
	1,960,125	Trican Well Service Ltd.*		906,613
	99,300	Whiting Petroleum Corp.*		937,392

				244,180,833

		Food & Staples Retailing - 0.4%
	94,328	Costco Wholesale Corp.		15,233,972
	210,405	Seven & I Holdings Co., Ltd.		9,633,300

				24,867,272

		Food, Beverage & Tobacco - 3.8%
	763,925	British American Tobacco plc		42,423,803
	1,145,545	Coca-Cola Co.		49,212,613
	555,510	ConAgra Foods, Inc.		23,420,302
	659,601	Freshpet, Inc.*		5,600,013
	276,600	Molson Coors Brewing Co. Class B		25,978,272
	1,458,992	Mondelez International, Inc. Class A		65,421,201
	192,189	Monster Beverage Corp.*		28,628,473

				240,684,677

		Health Care Equipment & Services - 4.5%
	284,248	Becton Dickinson and Co.		43,799,774
	297,392	Cardinal Health, Inc.		26,548,184
	10,082,792	CareView Communications, Inc.*		2,903,844
	117,510	Cerner Corp.*		7,070,577
	28,800	Cigna Corp.		4,214,304
	2,831,842	Corindus Vascular Robotics, Inc.*		9,090,213
	172,959	Dentsply International, Inc.		10,524,555
	59,283	DexCom, Inc.*		4,855,278
	223,260	Edwards Lifesciences Corp.*		17,633,075
	321,068	Envision Healthcare Holdings, Inc.*		8,338,136
	73,154	Essilor International S.A.		9,117,610
	675,744	HCA Holdings, Inc.*		45,700,567
	49,275	HeartWare International, Inc.*		2,483,460


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.1% - (continued)
		Health Care Equipment & Services - 4.5% - (continued)
	133,278	Hologic, Inc.*	$	5,156,526
	430,705	IMS Health Holdings, Inc.*		10,970,056
	14,029	Intuitive Surgical, Inc.*		7,662,079
	57,000	McKesson Corp.		11,242,110
	260,307	Medtronic plc		20,022,814
	220,467	UnitedHealth Group, Inc.		25,935,738
	31,182	Universal Health Services, Inc. Class B		3,725,937
	175,410	Veeva Systems, Inc. Class A*		5,060,578
	45,000	Zimmer Biomet Holdings, Inc.		4,616,550

				286,671,965

		Household & Personal Products - 1.0%
	459,395	Avon Products, Inc.		1,860,550
	99,790	Beiersdorf AG		9,070,046
	297,747	Colgate-Palmolive Co.		19,835,905
	309,902	Estee Lauder Cos., Inc. Class A		27,289,970
	36,961	Procter & Gamble Co.		2,935,073

				60,991,544

		Insurance - 5.2%
	832,838	ACE Ltd.		97,317,120
	626,432	American International Group, Inc.		38,819,991
	194,549	Arthur J Gallagher & Co.		7,964,836
	313,463	Assicurazioni Generali S.p.A.		5,725,930
	2,282,000	China Life Insurance Co., Ltd. Class H		7,325,669
	335,752	Delta Lloyd N.V.		1,979,235
	126,120	Lincoln National Corp.		6,338,791
	15,056	Markel Corp.*		13,299,718
	491,203	Marsh & McLennan Cos., Inc.		27,237,206
	867,092	MetLife, Inc.		41,802,505
	319,326	Principal Financial Group, Inc.		14,363,283
	515,200	Prudential Financial, Inc.		41,942,432
	170,556	Torchmark Corp.		9,748,981
	229,313	Unum Group		7,633,830
	42,679	Zurich Insurance Group AG		10,964,227

				332,463,754

		Materials - 3.7%
	48,500	Agrium, Inc.		4,332,990
	45,775	Akzo Nobel N.V.		3,058,623
	97,673	Bemis Co., Inc.		4,365,006
	325,320	BRAAS Monier Building Group S.A.		9,388,293
	90,603	Cabot Corp.		3,703,851
	130,201	Celanese Corp. Series A		8,766,433
	230,619	Chemours Co.		1,236,118
	309,369	Constellium N.V. Class A*		2,382,141
	459,900	Dow Chemical Co.		23,675,652
	51,280	E.I. DuPont de Nemours & Co.		3,415,248
	368,508	Huntsman Corp.		4,189,936
	282,046	International Paper Co.		10,633,134
	9,025,200	Ivanhoe Mines Ltd. Class A*		3,978,732
	1,280,962	Louisiana-Pacific Corp.*		23,070,126
	752,253	Methanex Corp.		24,842,145
	472,933	Norbord, Inc.		9,211,205
	84,120	Nucor Corp.		3,390,036
	294,530	Packaging Corp. of America		18,570,117
	267,143	Platform Specialty Products Corp.*		3,427,445
	261,967	Praxair, Inc.		26,825,421
	254,140	Reliance Steel & Aluminum Co.		14,717,247
	333,328	Wacker Chemie AG		27,869,742

				235,049,641

The accompanying notes are an integral part of these financial statements.


		80

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.1% - (continued)
		Media - 1.6%
	144,430	CBS Corp. Class B	$	6,806,986
	60,255	DISH Network Corp. Class A*		3,445,381
	88,669	IMAX Corp.*		3,151,296
	288,600	Quebecor, Inc. Class B		7,066,393
	113,644	SES S.A.		3,149,040
	2,649,620	Sky plc		43,434,540
	36,657	Tribune Media Co. Class A		1,239,373
	1,226,200	Twenty-First Century Fox, Inc. Class A		33,303,592

				101,596,601

		Pharmaceuticals, Biotechnology & Life Sciences - 13.0%
	112,770	Alder Biopharmaceuticals, Inc.*		3,724,793
	216,530	Alkermes plc*		17,188,151
	281,793	Allergan plc*		88,060,312
	41,800	Amgen, Inc.		6,785,394
	185,504	AstraZeneca plc ADR		6,297,861
	316,386	AstraZeneca plc		21,371,024
	46,160	Biogen, Inc.*		14,141,116
	2,858,416	Bristol-Myers Squibb Co.		196,630,437
	76,561	Celgene Corp.*		9,168,945
	575,005	Eisai Co., Ltd.		38,037,009
	171,914	Gilead Sciences, Inc.		17,395,978
	159,210	ICON plc*		12,370,617
	15,496	Illumina, Inc.*		2,974,380
	119,293	Incyte Corp.*		12,937,326
	33,362	Ionis Pharmaceuticals, Inc.*		2,066,109
	362,439	Johnson & Johnson		37,229,734
	2,999,874	Merck & Co., Inc.		158,453,345
	24,868	Mettler-Toledo International, Inc.*		8,433,485
	505,011	Mylan N.V.*		27,305,945
	41,471	Perrigo Co. plc		6,000,854
	183,532	Portola Pharmaceuticals, Inc.*		9,442,721
	37,942	Regeneron Pharmaceuticals, Inc.*		20,597,573
	94,823	Roche Holding AG		26,276,248
	77,222	TESARO, Inc.*		4,040,255
	4,468,975	TherapeuticsMD, Inc.^*		46,343,271
	124,472	Vertex Pharmaceuticals, Inc.*		15,662,312
	323,300	Zoetis, Inc.		15,492,536

				824,427,731

		Real Estate - 1.6%
	205,639	American Tower Corp. REIT		19,936,701
	44,576	AvalonBay Communities, Inc. REIT		8,207,779
	302,970	Castellum AB		4,314,673
	216,138	CBRE Group, Inc. Class A*		7,474,052
	316,909	Columbia Property Trust, Inc. REIT		7,441,023
	20,016	Equinix, Inc. REIT		6,052,838
	222,384	Host Hotels & Resorts, Inc. REIT		3,411,370
	54,319	ICADE REIT		3,645,888
	281,646	UNITE Group plc		2,720,847
	1,081,942	Vonovia SE		33,424,515
	161,412	Weyerhaeuser Co. REIT		4,839,132

				101,468,818

		Retailing - 5.6%
	111,260	Advance Auto Parts, Inc.		16,745,743
	8,451,700	Allstar Co.*⁽¹⁾⁽²⁾		8,029,115
	153,335	Amazon.com, Inc.*		103,637,593
	189,343	CarMax, Inc.*		10,218,842
	1,190,100	Chico’s FAS, Inc.		12,698,367
	106,065	Dollar Tree, Inc.*		8,190,339
	73,875	DSW, Inc. Class A		1,762,658


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.1% - (continued)
		Retailing - 5.6% - (continued)
	204,920	Home Depot, Inc.	$	27,100,670
	17,385	Honest Co.⁽¹⁾⁽²⁾		788,062
	12,945	HSN, Inc.		655,923
	106,120	L Brands, Inc.		10,168,418
	257,512	Lowe’s Cos., Inc.		19,581,212
	420,535	Michaels Cos., Inc.*		9,298,029
	32,180	Nordstrom, Inc.		1,602,886
	141,170	Party City Holdco, Inc.*		1,822,505
	13,998	Priceline Group, Inc.*		17,846,750
	307,102	Signet Jewelers Ltd.		37,985,446
	470,344	TJX Cos., Inc.		33,352,093
	280,504	Tory Burch LLC*⁽¹⁾⁽²⁾		14,844,246
	185,737	TripAdvisor, Inc.*		15,834,079
	336,700	Tuesday Morning Corp.*		2,188,550
	28,685	Williams-Sonoma, Inc.		1,675,491

				356,027,017

		Semiconductors & Semiconductor Equipment - 4.4%
	231,862	Applied Materials, Inc.		4,328,864
	79,100	Avago Technologies Ltd.		11,481,365
	369,005	Cypress Semiconductor Corp.		3,619,939
	55,837	First Solar, Inc.*		3,684,684
	14,486,235	GCL-Poly Energy Holdings Ltd.		2,153,861
	2,660,466	Intel Corp.		91,653,054
	327,186	Maxim Integrated Products, Inc.		12,433,068
	189,613	Micron Technology, Inc.*		2,684,920
	599,070	NXP Semiconductors N.V.*		50,471,647
	105,716	Silicon Motion Technology Corp. ADR		3,315,254
	210,021	SK Hynix, Inc.		5,425,459
	99,531	Skyworks Solutions, Inc.		7,646,967
	1,014,060	Sumco Corp.		7,650,573
	449,572	SunEdison Semiconductor Ltd.*		3,524,644
	744,150	SunEdison, Inc.*		3,787,724
	1,871,838	SunPower Corp.*		56,173,858
	104,098	Synaptics, Inc.*		8,363,233

				278,399,114

		Software & Services - 12.6%
	263,635	Accenture plc Class A		27,549,858
	2,238,810	Activision Blizzard, Inc.		86,664,335
	499,911	Adobe Systems, Inc.*		46,961,639
	293,897	Akamai Technologies, Inc.*		15,467,799
	455,752	Alibaba Group Holding Ltd. ADR^*		37,038,965
	15,022	Alphabet, Inc. Class A*		11,687,266
	174,323	Alphabet, Inc. Class C*		132,290,238
	191,736	Automatic Data Processing, Inc.		16,243,874
	133,430	Baidu, Inc. ADR*		25,223,607
	110,500	Blackhawk Network Holdings, Inc.*		4,885,205
	111,800	Cognizant Technology Solutions Corp. Class A*		6,710,236
	128,169	CoStar Group, Inc.*		26,491,251
	184,967	Dropbox, Inc. Class B⁽¹⁾⁽²⁾		2,811,498
	315,165	Enernoc, Inc.*		1,213,385
	131,875	Envestnet, Inc.*		3,936,469
	409,300	Everyday Health, Inc.*		2,463,986
	843,401	Facebook, Inc. Class A*		88,270,349
	620,459	Genpact Ltd.*		15,499,066
	293,862	Gogo, Inc.*		5,230,744
	1,975,570	Microsoft Corp.		109,604,624
	55,913	Mobileye N.V.*		2,364,002
	307,274	Monster Worldwide, Inc.*		1,760,680
	143,300	Nintendo Co., Ltd.		19,705,190
	704,779	Paysafe Group plc*		3,835,008

The accompanying notes are an integral part of these financial statements.


		81

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.1% - (continued)
		Software & Services - 12.6% - (continued)
	1,022,043	Quotient Technology, Inc.*	$	6,970,333
	156,943	Salesforce.com, Inc.*		12,304,331
	215,145	ServiceNow, Inc.*		18,622,951
	11,515	Shutterstock, Inc.*		372,395
	23,400	Tableau Software, Inc. Class A*		2,204,748
	125,462	Tangoe, Inc.*		1,052,626
	16,751	Tyler Technologies, Inc.*		2,920,034
	142,784	Verint Systems, Inc.*		5,791,319
	160,433	VeriSign, Inc.*		14,015,427
	684,733	Web.com Group, Inc.*		13,701,507
	202,034	Workday, Inc. Class A*		16,098,069
	193,640	Yandex N.V. Class A*		3,044,021
	39,400	Zendesk, Inc.*		1,041,736
	46,002	Zillow Group, Inc. Class A*		1,197,892
	323,288	Zillow Group, Inc. Class C*		7,590,802

				800,837,465

		Technology Hardware & Equipment - 3.1%
	233,584	Amphenol Corp. Class A		12,200,092
	200,484	Apple, Inc.		21,102,946
	87,897	Arista Networks, Inc.*		6,841,903
	388,174	ARRIS Group, Inc.*		11,866,479
	274,018	Belden, Inc.		13,065,178
	416,244	CDW Corp. of Delaware		17,498,898
	2,912,763	Cisco Systems, Inc.		79,096,079
	25,457	Palo Alto Networks, Inc.*		4,483,996
	446,121	ParkerVision, Inc. PIPE⁽¹⁾⁽²⁾		93,812
	4,920,773	ParkerVision, Inc.*		1,144,080
	118,300	Pure Storage, Inc. Class A*		1,841,931
	466,941	Pure Storage, Inc. Class B*⁽¹⁾⁽²⁾		6,886,563
	143,391	Qualcomm, Inc.		7,167,399
	5,789	Samsung Electronics Co., Ltd.		6,174,442
	65,326	Stratasys Ltd.*		1,533,854
	104,794	Western Digital Corp.		6,292,880

				197,290,532

		Telecommunication Services - 1.1%
	385,700	Nippon Telegraph & Telephone Corp.		15,350,132
	403,100	NTT DoCoMo, Inc.		8,268,220
	46,730	SoftBank Group Corp.		2,358,482
	108,195	T-Mobile US, Inc.*		4,232,588
	358,016	Telenor ASA		5,967,611
	563,339	Verizon Communications, Inc.		26,037,529
	4,078,528	Zegona Communications plc*		8,147,027

				70,361,589

		Transportation - 4.6%
	111,420	Alaska Air Group, Inc.		8,970,424
	139,560	American Airlines Group, Inc.		5,910,366
	339,400	Canadian National Railway Co.		18,972,747
	277,495	CSX Corp.		7,200,995
	138,465	Deutsche Post AG		3,871,174
	224,500	FedEx Corp.		33,448,255
	133,415	Genesee & Wyoming, Inc. Class A*		7,163,052
	2,547,800	Hertz Global Holdings, Inc.*		36,255,194
	6,496,000	Jiangsu Expressway Co., Ltd. Class H		8,718,350
	48,209	Kansas City Southern		3,599,766
	207,483	Landstar System, Inc.		12,168,878
	59,126	Macquarie Infrastructure Corp.		4,292,548
	53,510	Norfolk Southern Corp.		4,526,411
	48,285	Scorpio Bulkers, Inc.*		477,534
	1,237,616	Swift Transportation Co.*		17,103,853


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.1% - (continued)
		Transportation - 4.6% - (continued)
	332,938	Union Pacific Corp.	$	26,035,752
	809,800	United Continental Holdings, Inc.*		46,401,540
	384,862	United Parcel Service, Inc. Class B		37,035,270
	411,409	XPO Logistics, Inc.*		11,210,895

				293,363,004

		Utilities - 1.8%
	1,775,868	Centrica plc		5,702,264
	22,721,000	China Longyuan Power Group Corp. Ltd. Class H		17,085,715
	258,669	Dominion Resources, Inc.		17,496,371
	75,596	Edison International		4,476,039
	500,760	Exelon Corp.		13,906,105
	264,970	Gas Natural SDG S.A.		5,403,331
	303,074	National Grid plc		4,179,867
	276,334	OGE Energy Corp.		7,264,821
	98,855	Pattern Energy Group, Inc.		2,067,058
	302,101	PG&E Corp.		16,068,752
	848,000	Power Assets Holdings Ltd.		7,774,080
	385,662	Xcel Energy, Inc.		13,849,123

				115,273,526


		Total Common Stocks (cost $5,944,454,354)	$	6,110,070,822


EXCHANGE TRADED FUNDS - 0.1%
		Other Investment Pools & Funds - 0.1%
	19,667	SPDR S&P 500 ETF Trust	$	4,009,905


		Total Exchange Traded Funds (cost $3,984,965)	$	4,009,905


PREFERRED STOCKS - 1.0%
		Consumer Durables & Apparel - 0.0%
	127,917	One Kings Lane, Inc.⁽¹⁾⁽²⁾	$	1,664,200

		Consumer Services - 0.1%
	16,619	Airbnb, Inc. Series E⁽¹⁾⁽²⁾		1,664,060
	161,097	DraftKings, Inc. Series D⁽¹⁾⁽²⁾		504,234
	139,659	DraftKings, Inc. Series D-1⁽¹⁾⁽²⁾		565,619

				2,733,913

		Diversified Financials - 0.1%
	284,119	Social Finance, Inc.⁽¹⁾⁽²⁾		4,034,112

		Media - 0.0%
	29,800	Harvey Weinstein Co. Holdings⁽¹⁾⁽²⁾		—

		Software & Services - 0.8%
	56,702	Cloudera, Inc.⁽¹⁾⁽²⁾		1,456,674
	29,504	Magic Leap Inc. Series C⁽¹⁾⁽²⁾		679,565
	50,200	Nanigans, Inc.⁽¹⁾⁽²⁾		493,298
	158,682	Pinterest, Inc. Series G⁽¹⁾⁽²⁾		5,126,367
	20,891	Sharecare⁽¹⁾⁽²⁾		4,698,031
	815,160	Uber Technologies, Inc.⁽¹⁾⁽²⁾		39,757,169
	293,655	Zuora, Inc. Series F⁽¹⁾⁽²⁾		1,215,732

				53,426,836

		Telecommunication Services - 0.0%
	3,739	DocuSign, Inc. Series B⁽¹⁾⁽²⁾		71,340
	1,120	DocuSign, Inc. Series B-1⁽¹⁾⁽²⁾		21,370
	2,687	DocuSign, Inc. Series D⁽¹⁾⁽²⁾		51,268

The accompanying notes are an integral part of these financial statements.


		82

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
PREFERRED STOCKS - 1.0% - (continued)
		Telecommunication Services - 0.0% - (continued)
	69,493	DocuSign, Inc. Series E⁽¹⁾⁽²⁾	$	1,325,926
	10,835	DocuSign, Inc. Series F⁽¹⁾⁽²⁾		206,732

				1,676,636


		Total Preferred Stocks (cost $65,839,866)	$	63,535,697


CONVERTIBLE PREFERRED STOCKS - 0.0%
		Retailing - 0.0%
	40,566	Honest Co. Series C ⁽¹⁾⁽²⁾	$	1,838,857


		Total Convertible Preferred Stocks (cost $1,097,606)	$	1,838,857


RIGHTS - 0.0%
		Semiconductors & Semiconductor Equipment - 0.0%
	2,897,247	GCL-Poly Energy Holdings Ltd. Expires 1/20/16*	$	14,953


		Total Rights (cost $ —)	$	14,953


		Total Long-Term Investments (cost $6,015,376,791)	$	6,179,470,234


SHORT-TERM INVESTMENTS - 3.2%
		Other Investment Pools & Funds - 3.2%
	202,444,709	BlackRock Liquidity Funds TempFund Portfolio	$	202,444,709


		Total Short-Term Investments (cost $202,444,709)	$	202,444,709



Total Investments (cost $6,217,821,500)^	100.4	%	$	6,381,914,943
Other Assets and Liabilities	(0.4	)%		(22,883,836	)

Total Net Assets	100.0	%	$	6,359,031,107

The accompanying notes are an integral part of these financial statements.


		83

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $6,302,089,695 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	609,646,770
Unrealized Depreciation		(529,821,522	)

Net Unrealized Appreciation	$	79,825,248

*	Non-income producing.

⁽¹⁾

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At December 31, 2015, the aggregate fair value of these securities was $103,086,231, which represents 1.6% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

⁽²⁾


Period Acquired	Shares/Par		Security	Cost
06/2015		16,619	Airbnb, Inc. Series E Preferred	$	1,547,136
08/2011		8,451,700	Allstar Co.		3,676,649
02/2014		56,702	Cloudera, Inc. Preferred		825,581
02/2014		3,739	DocuSign, Inc. Series B Preferred		49,102
02/2014		1,120	DocuSign, Inc. Series B-1 Preferred		14,708
02/2014		2,687	DocuSign, Inc. Series D Preferred		35,287
02/2014		69,493	DocuSign, Inc. Series E Preferred		912,610
04/2015		10,835	DocuSign, Inc. Series F Preferred		206,874
07/2015		161,097	DraftKings, Inc. Series D Preferred		867,652
08/2015		139,659	DraftKings, Inc. Series D-1 Preferred		1,070,543
05/2012		184,967	Dropbox, Inc. Class B		1,674,267
06/2015		350,600	HF Global, Inc.		4,713,607
10/2005		29,800	Harvey Weinstein Co. Holdings Preferred		27,950,957
08/2014		17,385	Honest Co.		470,391
08/2014		40,566	Honest Co. Series C Convertible Preferred		1,097,606
12/2015		29,504	Magic Leap Inc. Series C Preferred		679,566
03/2015		50,200	Nanigans, Inc. Preferred		548,109
01/2014		127,917	One Kings Lane, Inc. Preferred		1,972,096
12/2015		446,121	ParkerVision, Inc. PIPE		84,763
03/2015		158,682	Pinterest, Inc. Series G Preferred		5,695,963
10/2015		466,941	Pure Storage, Inc. Class B		7,343,067
03/2015		20,891	Sharecare Preferred		5,220,034
09/2015		284,119	Social Finance, Inc. Preferred		4,482,347
03/2007		74,700	Solar Cayman Ltd.		21,894
11/2013		280,504	Tory Burch LLC		21,984,886
06/2014		815,160	Uber Technologies, Inc. Preferred		12,645,618
01/2015		293,655	Zuora, Inc. Series F Preferred		1,115,683

				$	106,906,996

At December 31, 2015, the aggregate value of these securities was $103,086,231, which represents 1.6% of total net assets.

The accompanying notes are an integral part of these financial statements.


		84

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Foreign Currency Contracts Outstanding at December 31, 2015
Currency	Buy/Sell		Delivery Date		Counterparty		Contract Amount		Market Value^†		Unrealized Appreciation/ (Depreciation)
EUR		Sell		03/16/16		CBK	$	47,706,749	$	47,271,310	$	435,439
EUR		Sell		03/16/16		GSC		11,965,669		11,865,739		99,930
EUR		Sell		03/16/16		HSBC		3,140,424		3,134,942		5,482
GBP		Sell		03/16/16		CBK		8,321,846		8,079,672		242,174

Total											$	783,025

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Counterparty Abbreviations:
CBK		Citibank NA
GSC		Goldman Sachs & Co.
HSBC		HSBC Bank USA

Currency Abbreviations:
EUR		Euro
GBP		British Pound

Other Abbreviations:
ADR		American Depositary Receipt
ETF		Exchange Traded Fund
PIPE		Private Investment in Public Equity
PJSC		Private Joint Stock Company
REIT		Real Estate Investment Trust
SPDR		Standard & Poor’s Depositary Receipt

The accompanying notes are an integral part of these financial statements.


		85

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total		Level 1⁽¹⁾		Level 2⁽¹⁾		Level 3
Assets
Common Stocks
Automobiles & Components	$	114,534,638	$	90,460,397	$	24,074,241	$	—
Banks		416,311,053		371,062,144		45,248,909		—
Capital Goods		333,270,513		293,135,243		35,893,024		4,242,246
Commercial & Professional Services		25,697,253		25,697,253		—		—
Consumer Durables & Apparel		158,045,046		106,196,950		51,848,096		—
Consumer Services		201,758,424		199,008,299		2,750,125		—
Diversified Financials		296,498,812		281,670,100		14,812,577		16,135
Energy		244,180,833		228,952,451		15,228,382		—
Food & Staples Retailing		24,867,272		15,233,972		9,633,300		—
Food, Beverage & Tobacco		240,684,677		198,260,874		42,423,803		—
Health Care Equipment & Services		286,671,965		277,554,355		9,117,610		—
Household & Personal Products		60,991,544		51,921,498		9,070,046		—
Insurance		332,463,754		306,468,693		25,995,061		—
Materials		235,049,641		204,121,276		30,928,365		—
Media		101,596,601		55,013,021		46,583,580		—
Pharmaceuticals, Biotechnology & Life Sciences		824,427,731		738,743,450		85,684,281		—
Real Estate		101,468,818		57,362,895		44,105,923		—
Retailing		356,027,017		332,365,594		—		23,661,423
Semiconductors & Semiconductor Equipment		278,399,114		263,169,221		15,229,893		—
Software & Services		800,837,465		774,485,769		23,540,198		2,811,498
Technology Hardware & Equipment		197,290,532		184,135,715		6,174,442		6,980,375
Telecommunication Services		70,361,589		38,417,144		31,944,445		—
Transportation		293,363,004		280,773,480		12,589,524		—
Utilities		115,273,526		75,128,269		40,145,257		—
Exchange Traded Funds		4,009,905		4,009,905		—		—
Preferred Stocks		63,535,697		—		—		63,535,697
Convertible Preferred Stocks		1,838,857		—		—		1,838,857
Rights		14,953		—		14,953		—
Short-Term Investments		202,444,709		202,444,709		—		—
Foreign Currency Contracts⁽²⁾		783,025		—		783,025		—

Total	$	6,382,697,968	$	5,655,792,677	$	623,819,060	$	103,086,231

⁽¹⁾	For the year ended December 31, 2015, there were no transfers between Level 1 and Level 2.

⁽²⁾	Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The accompanying notes are an integral part of these financial statements.


		86

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2015

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2015:


	Common Stocks			Preferred Stocks			Convertible Preferred Stocks		Total
Beginning balance	$	57,844,998		$	35,884,435		$	1,107,452	$	94,836,885
Purchases		12,141,437			21,433,905					33,575,342
Sales		(13,753,601	)		(7,343,067	)				(21,096,668	)
Accrued discounts/(premiums)		—			—			—		—
Total realized gain/(loss)		3,544,578			—			—		3,544,578
Net change in unrealized appreciation/depreciation		(22,065,735	)		13,560,424			731,405		(7,773,906	)
Transfers into Level 3⁽¹⁾		—			—			—		—
Transfers out of Level 3⁽¹⁾		—			—			—		—

Ending balance	$	37,711,677		$	63,535,697		$	1,838,857	$	103,086,231

The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at December 31, 2015 was $11,656,034.

⁽¹⁾	Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

^a)

Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

^b)

Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

^c)

Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		87

Hartford Disciplined Equity HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.0%
		Banks - 9.0%
	781,320	Bank of America Corp.	$	13,149,616
	222,850	Citigroup, Inc.		11,532,487
	570,520	EverBank Financial Corp.		9,116,910
	274,556	JP Morgan Chase & Co.		18,128,933
	151,340	PNC Financial Services Group, Inc.		14,424,215

				66,352,161

		Capital Goods - 4.3%
	130,657	AMETEK, Inc.		7,001,909
	74,650	Fortune Brands Home & Security, Inc.		4,143,075
	119,364	Honeywell International, Inc.		12,362,530
	92,055	Illinois Tool Works, Inc.		8,531,657

				32,039,171

		Commercial & Professional Services - 3.6%
	104,450	Equifax, Inc.		11,632,597
	154,174	Nielsen Holdings plc		7,184,508
	104,871	Verisk Analytics, Inc. Class A*		8,062,482

				26,879,587

		Consumer Durables & Apparel - 1.5%
	176,614	VF Corp.		10,994,221

		Consumer Services - 1.2%
	143,406	Starbucks Corp.		8,608,662

		Diversified Financials - 0.9%
	70,660	McGraw Hill Financial, Inc.		6,965,663

		Energy - 2.1%
	41,445	Anadarko Petroleum Corp.		2,013,398
	62,500	Concho Resources, Inc.*		5,803,750
	112,055	EOG Resources, Inc.		7,932,374

				15,749,522

		Food & Staples Retailing - 6.5%
	106,490	Costco Wholesale Corp.		17,198,135
	192,180	CVS Health Corp.		18,789,439
	295,088	Kroger Co.		12,343,531

				48,331,105

		Food, Beverage & Tobacco - 5.5%
	251,853	Altria Group, Inc.		14,660,363
	371,600	Mondelez International, Inc. Class A		16,662,544
	64,156	Monster Beverage Corp.*		9,556,678

				40,879,585

		Health Care Equipment & Services - 7.5%
	52,462	Aetna, Inc.		5,672,191
	164,435	Cerner Corp.*		9,894,054
	166,535	Envision Healthcare Holdings, Inc.*		4,324,914
	67,815	McKesson Corp.		13,375,153
	121,411	Medtronic plc		9,338,934
	107,934	UnitedHealth Group, Inc.		12,697,356

				55,302,602

		Household & Personal Products - 3.3%
	161,650	Colgate-Palmolive Co.		10,769,123
	158,643	Estee Lauder Cos., Inc. Class A		13,970,103

				24,739,226

		Insurance - 4.6%
	129,481	ACE Ltd.		15,129,855
	166,880	Marsh & McLennan Cos., Inc.		9,253,496


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.0% - (continued)
		Insurance - 4.6% - (continued)
	241,022	XL Group plc	$	9,443,242

				33,826,593

		Materials - 3.4%
	179,305	Crown Holdings, Inc.*		9,090,763
	44,400	Ecolab, Inc.		5,078,472
	43,071	Sherwin-Williams Co.		11,181,232

				25,350,467

		Media - 1.7%
	224,205	Comcast Corp. Class A		12,651,888

		Pharmaceuticals, Biotechnology & Life Sciences - 7.9%
	48,950	Allergan plc*		15,296,875
	208,460	Bristol-Myers Squibb Co.		14,339,963
	126,475	Eli Lilly & Co.		10,656,784
	56,512	Gilead Sciences, Inc.		5,718,449
	242,873	Merck & Co., Inc.		12,828,552

				58,840,623

		Retailing - 8.1%
	14,815	AutoZone, Inc.*		10,991,397
	153,878	Dollar Tree, Inc.*		11,882,459
	180,440	Lowe’s Cos., Inc.		13,720,658
	216,614	Ross Stores, Inc.		11,655,999
	160,705	TJX Cos., Inc.		11,395,591

				59,646,104

		Software & Services - 16.8%
	101,915	Accenture plc Class A		10,650,117
	151,226	Activision Blizzard, Inc.		5,853,958
	22,750	Alliance Data Systems Corp.*		6,291,967
	22,965	Alphabet, Inc. Class A*		17,867,000
	6,436	Alphabet, Inc. Class C*		4,884,152
	158,563	Automatic Data Processing, Inc.		13,433,457
	96,810	Cognizant Technology Solutions Corp. Class A*		5,810,536
	74,580	Fiserv, Inc.*		6,821,087
	242,620	Genpact Ltd.*		6,060,648
	53,850	Intuit, Inc.		5,196,525
	114,161	Jack Henry & Associates, Inc.		8,911,408
	115,675	Mastercard, Inc. Class A		11,262,118
	383,964	Microsoft Corp.		21,302,323

				124,345,296

		Technology Hardware & Equipment - 3.7%
	155,022	Apple, Inc.		16,317,616
	405,389	Cisco Systems, Inc.		11,008,338

				27,325,954

		Transportation - 1.0%
	49,540	FedEx Corp.		7,380,965

		Utilities - 4.4%
	202,410	American Electric Power Co., Inc.		11,794,431
	120,995	NextEra Energy, Inc.		12,570,170
	127,565	Pinnacle West Capital Corp.		8,225,391

				32,589,992


		Total Common Stocks (cost $561,673,634)	$	718,799,387


		Total Long-Term Investments (cost $561,673,634)	$	718,799,387

The accompanying notes are an integral part of these financial statements.


		88

Hartford Disciplined Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
SHORT-TERM INVESTMENTS - 2.8%
		Other Investment Pools & Funds - 2.8%
	20,448,109	BlackRock Liquidity Funds TempFund Portfolio	$	20,448,109


		Total Short-Term Investments (cost $20,448,109)	$	20,448,109



Total Investments (cost $582,121,743)^	99.8	%	$	739,247,496
Other Assets and Liabilities	0.2	%		1,343,187

Total Net Assets	100.0	%	$	740,590,683

The accompanying notes are an integral part of these financial statements.


		89

Hartford Disciplined Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $582,521,966 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	168,741,319
Unrealized Depreciation		(12,015,789	)

Net Unrealized Appreciation	$	156,725,530

*	Non-income producing.

Futures Contracts Outstanding at December 31, 2015


Description	Number of Contracts		Expiration Date		Notional Amount		Market Value^†		Unrealized Appreciation/ (Depreciation)
Long position contracts:
S&P 500 (E-Mini) Future		164		03/18/2016	$	16,408,521	$	16,690,280	$	281,759

Total futures contracts									$	281,759

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.

The accompanying notes are an integral part of these financial statements.


		90

Hartford Disciplined Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total		Level 1⁽¹⁾		Level 2⁽¹⁾		Level 3
Assets
Common Stocks
Banks	$	66,352,161	$	66,352,161	$	—	$	—
Capital Goods		32,039,171		32,039,171		—		—
Commercial & Professional Services		26,879,587		26,879,587		—		—
Consumer Durables & Apparel		10,994,221		10,994,221		—		—
Consumer Services		8,608,662		8,608,662		—		—
Diversified Financials		6,965,663		6,965,663		—		—
Energy		15,749,522		15,749,522		—		—
Food & Staples Retailing		48,331,105		48,331,105		—		—
Food, Beverage & Tobacco		40,879,585		40,879,585		—		—
Health Care Equipment & Services		55,302,602		55,302,602		—		—
Household & Personal Products		24,739,226		24,739,226		—		—
Insurance		33,826,593		33,826,593		—		—
Materials		25,350,467		25,350,467		—		—
Media		12,651,888		12,651,888		—		—
Pharmaceuticals, Biotechnology & Life Sciences		58,840,623		58,840,623		—		—
Retailing		59,646,104		59,646,104		—		—
Software & Services		124,345,296		124,345,296		—		—
Technology Hardware & Equipment		27,325,954		27,325,954		—		—
Transportation		7,380,965		7,380,965		—		—
Utilities		32,589,992		32,589,992		—		—
Short-Term Investments		20,448,109		20,448,109		—		—
Futures Contracts⁽²⁾		281,759		281,759		—		—

Total	$	739,529,255	$	739,529,255	$	—	$	—

⁽¹⁾	For the year ended December 31, 2015, there were no transfers between Level 1 and Level 2.

⁽²⁾	Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		91

Hartford Dividend and Growth HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.8%
		Automobiles & Components - 1.3%
	3,286,266	Ford Motor Co.	$	46,303,488

		Banks - 12.6%
	2,725,550	Bank of America Corp.		45,871,007
	490,559	Bank of Nova Scotia		19,838,206
	758,744	Citigroup, Inc.		39,265,002
	1,366,390	JP Morgan Chase & Co.		90,222,732
	666,814	PNC Financial Services Group, Inc.		63,554,042
	387,929	US Bancorp		16,552,930
	2,892,094	Wells Fargo & Co.		157,214,230

				432,518,149

		Capital Goods - 5.9%
	331,970	Caterpillar, Inc.		22,560,681
	528,381	Eaton Corp. plc		27,496,947
	563,755	General Electric Co.		17,560,968
	501,122	Honeywell International, Inc.		51,901,206
	150,128	Illinois Tool Works, Inc.		13,913,863
	121,826	Lockheed Martin Corp.		26,454,516
	133,999	Raytheon Co.		16,686,896
	273,030	United Technologies Corp.		26,229,992

				202,805,069

		Commercial & Professional Services - 1.5%
	109,174	Equifax, Inc.		12,158,708
	850,880	Nielsen Holdings plc		39,651,008

				51,809,716

		Consumer Services - 0.6%
	982,464	Hilton Worldwide Holdings, Inc.		21,024,730

		Diversified Financials - 3.3%
	70,000	American Express Co.		4,868,500
	206,607	Ameriprise Financial, Inc.		21,987,117
	141,130	BlackRock, Inc.		48,057,588
	299,550	Northern Trust Corp.		21,594,559
	537,761	Synchrony Financial*		16,353,312

				112,861,076

		Energy - 8.8%
	534,155	Anadarko Petroleum Corp.		25,949,250
	604,390	Canadian Natural Resources Ltd.		13,193,834
	806,566	Chevron Corp.		72,558,677
	313,790	EOG Resources, Inc.		22,213,194
	832,937	Exxon Mobil Corp.		64,927,439
	635,030	Hess Corp.		30,786,254
	663,030	Imperial Oil Ltd.		21,561,736
	878,680	Marathon Oil Corp.		11,062,581
	137,060	Marathon Petroleum Corp.		7,105,190
	231,146	Schlumberger Ltd.		16,122,434
	414,543	Total S.A. ADR		18,633,708

				304,114,297

		Food & Staples Retailing - 3.4%
	79,330	Costco Wholesale Corp.		12,811,795
	757,251	CVS Health Corp.		74,036,430
	314,184	Wal-Mart Stores, Inc.		19,259,479
	120,176	Walgreens Boots Alliance, Inc.		10,233,588

				116,341,292

		Food, Beverage & Tobacco - 4.3%
	953,310	Coca-Cola Co.		40,954,198
	761,859	Mondelez International, Inc. Class A		34,161,757
	338,600	PepsiCo, Inc.		33,832,912


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.8% - (continued)
		Food, Beverage & Tobacco - 4.3% - (continued)
	437,352	Philip Morris International, Inc.	$	38,447,614

				147,396,481

		Health Care Equipment & Services - 4.8%
	760,200	Baxter International, Inc.		29,001,630
	432,069	Cardinal Health, Inc.		38,570,800
	802,649	Medtronic plc		61,739,761
	317,027	UnitedHealth Group, Inc.		37,295,056

				166,607,247

		Household & Personal Products - 0.7%
	346,140	Colgate-Palmolive Co.		23,059,847

		Insurance - 7.1%
	672,418	ACE Ltd.		78,572,043
	655,495	Marsh & McLennan Cos., Inc.		36,347,198
	511,671	MetLife, Inc.		24,667,659
	898,120	Principal Financial Group, Inc.		40,397,438
	779,576	Prudential Financial, Inc.		63,465,282

				243,449,620

		Materials - 2.3%
	129,140	Ball Corp.		9,392,352
	408,730	Celanese Corp. Series A		27,519,791
	742,109	International Paper Co.		27,977,509
	133,560	Praxair, Inc.		13,676,544

				78,566,196

		Media - 3.1%
	1,546,903	Comcast Corp. Class A		87,291,736
	777,192	Twenty-First Century Fox, Inc. Class A		21,108,535

				108,400,271

		Pharmaceuticals, Biotechnology & Life Sciences - 11.7%
	1,671,026	AstraZeneca plc ADR		56,731,333
	1,029,376	Bristol-Myers Squibb Co.		70,810,775
	424,555	Eli Lilly & Co.		35,773,004
	668,195	Johnson & Johnson		68,636,990
	2,278,013	Merck & Co., Inc.		120,324,647
	1,574,059	Pfizer, Inc.		50,810,625

				403,087,374

		Retailing - 0.8%
	371,041	Lowe’s Cos., Inc.		28,213,958

		Semiconductors & Semiconductor Equipment - 2.8%
	2,341,831	Intel Corp.		80,676,078
	264,944	Texas Instruments, Inc.		14,521,581

				95,197,659

		Software & Services - 7.5%
	457,794	Accenture plc Class A		47,839,473
	109,550	Alphabet, Inc. Class A*		85,230,995
	2,287,112	Microsoft Corp.		126,888,974

				259,959,442

		Technology Hardware & Equipment - 4.7%
	449,585	Apple, Inc.		47,323,317
	317,880	Avnet, Inc.		13,617,979
	2,190,195	Cisco Systems, Inc.		59,474,745
	271,000	Motorola Solutions, Inc.		18,549,950
	355,711	Western Digital Corp.		21,360,446

				160,326,437

The accompanying notes are an integral part of these financial statements.


		92

Hartford Dividend and Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.8% - (continued)
		Telecommunication Services - 2.7%
	1,990,929	Verizon Communications, Inc.	$	92,020,738

		Transportation - 4.5%
	224,011	Canadian National Railway Co.		12,517,735
	1,147,882	CSX Corp.		29,787,538
	597,747	Delta Air Lines, Inc.		30,299,795
	167,337	FedEx Corp.		24,931,539
	586,438	United Parcel Service, Inc. Class B		56,432,929

				153,969,536

		Utilities - 4.4%
	530,806	Dominion Resources, Inc.		35,903,718
	586,852	Edison International		34,747,507
	135,900	Eversource Energy		6,940,413
	870,792	Exelon Corp.		24,181,894
	481,088	NextEra Energy, Inc.		49,980,232

				151,753,764


		Total Common Stocks (cost $2,568,681,975)	$	3,399,786,387


		Total Long-Term Investments (cost $2,568,681,975)	$	3,399,786,387


SHORT-TERM INVESTMENTS - 1.1%
		Other Investment Pools & Funds - 1.1%
	38,738,089	Fidelity Money Market Class 1	$	38,738,089


		Total Short-Term Investments (cost $38,738,089)	$	38,738,089



Total Investments (cost $2,607,420,064)^	99.9	%	$	3,438,524,476
Other Assets and Liabilities	0.1	%		2,979,233

Total Net Assets	100.0	%	$	3,441,503,709

The accompanying notes are an integral part of these financial statements.


		93

Hartford Dividend and Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $2,608,576,282 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	965,065,332
Unrealized Depreciation		(135,117,138	)

Net Unrealized Appreciation	$	829,948,194

*	Non-income producing.

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt

The accompanying notes are an integral part of these financial statements.


		94

Hartford Dividend and Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total		Level 1⁽¹⁾		Level 2⁽¹⁾		Level 3
Assets
Common Stocks
Automobiles & Components	$	46,303,488	$	46,303,488	$	—	$	—
Banks		432,518,149		432,518,149		—		—
Capital Goods		202,805,069		202,805,069		—		—
Commercial & Professional Services		51,809,716		51,809,716		—		—
Consumer Services		21,024,730		21,024,730		—		—
Diversified Financials		112,861,076		112,861,076		—		—
Energy		304,114,297		304,114,297		—		—
Food & Staples Retailing		116,341,292		116,341,292		—		—
Food, Beverage & Tobacco		147,396,481		147,396,481		—		—
Health Care Equipment & Services		166,607,247		166,607,247		—		—
Household & Personal Products		23,059,847		23,059,847		—		—
Insurance		243,449,620		243,449,620		—		—
Materials		78,566,196		78,566,196		—		—
Media		108,400,271		108,400,271		—		—
Pharmaceuticals, Biotechnology & Life Sciences		403,087,374		403,087,374		—		—
Retailing		28,213,958		28,213,958		—		—
Semiconductors & Semiconductor Equipment		95,197,659		95,197,659		—		—
Software & Services		259,959,442		259,959,442		—		—
Technology Hardware & Equipment		160,326,437		160,326,437		—		—
Telecommunication Services		92,020,738		92,020,738		—		—
Transportation		153,969,536		153,969,536		—		—
Utilities		151,753,764		151,753,764		—		—
Short-Term Investments		38,738,089		38,738,089		—		—

Total	$	3,438,524,476	$	3,438,524,476	$	—	$	—

⁽¹⁾	For the year ended December 31, 2015, there were no transfers between Level 1 and Level 2.

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		95

Hartford Global Growth HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.6%
		Banks - 4.1%
	207,041	Bank of America Corp.	$	3,484,500
	7,004,700	Bank of Ireland*		2,564,801
	43,805	BNP Paribas S.A.		2,478,369
	308,833	ICICI Bank Ltd. ADR		2,418,162
	32,799	PNC Financial Services Group, Inc.		3,126,073
	388,850	Unione di Banche Italiane S.p.A.		2,598,080
	55,363	Wells Fargo & Co.		3,009,533

				19,679,518

		Capital Goods - 3.2%
	137,061	Assa Abloy AB Class B		2,869,058
	51,800	Fortune Brands Home & Security, Inc.		2,874,900
	35,900	Nidec Corp.		2,603,323
	37,775	Safran S.A.		2,595,246
	30,028	Schneider Electric SE		1,705,708
	10,722	SMC Corp.		2,784,865

				15,433,100

		Commercial & Professional Services - 1.9%
	31,470	Equifax, Inc.		3,504,814
	55,551	Nielsen Holdings plc		2,588,676
	60,199	Robert Half International, Inc.		2,837,781

				8,931,271

		Consumer Durables & Apparel - 3.8%
	97,118	Electrolux AB Series B		2,343,205
	30,200	Harman International Industries, Inc.		2,845,142
	51,559	lululemon athletica, Inc.*		2,705,300
	31,078	Pandora A/S		3,918,433
	88,905	Persimmon plc*		2,652,332
	153,700	Sony Corp.		3,777,452

				18,241,864

		Consumer Services - 1.6%
	111,833	MGM Resorts International*		2,540,846
	764,862	Sands China Ltd.		2,593,031
	42,578	Starbucks Corp.		2,555,957

				7,689,834

		Diversified Financials - 7.5%
	8,470	BlackRock, Inc.		2,884,205
	20,396	Factset Research Systems, Inc.		3,315,778
	229,670	IG Group Holdings plc		2,715,277
	12,235	Intercontinental Exchange, Inc.		3,135,341
	66,522	Julius Baer Group Ltd.*		3,218,145
	26,054	McGraw Hill Financial, Inc.		2,568,403
	34,786	Moody’s Corp.		3,490,427
	53,394	MSCI, Inc.		3,851,309
	39,374	Northern Trust Corp.		2,838,472
	7,211	Partners Group Holding AG		2,593,322
	57,755	Schroders plc		2,529,610
	49,770	SEI Investments Co.		2,607,948

				35,748,237

		Energy - 1.4%
	246,643	Galp Energia SGPS S.A.		2,877,995
	31,267	Pioneer Natural Resources Co.		3,920,257

				6,798,252

		Food & Staples Retailing - 2.3%
	74,770	CVS Health Corp.		7,310,263
	77,725	Seven & I Holdings Co., Ltd.		3,558,604

				10,868,867


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.6% - (continued)
		Food, Beverage & Tobacco - 6.2%
	76,466	Altria Group, Inc.	$	4,451,086
	32,187	Anheuser-Busch InBev N.V.		4,005,580
	125,231	British American Tobacco plc		6,954,577
	51,794	Imperial Tobacco Group plc		2,735,636
	113,940	Mondelez International, Inc. Class A		5,109,069
	23,260	Monster Beverage Corp.*		3,464,810
	36,266	Philip Morris International, Inc.		3,188,144

				29,908,902

		Health Care Equipment & Services - 3.4%
	159,900	Boston Scientific Corp.*		2,948,556
	40,882	Edwards Lifesciences Corp.*		3,228,860
	65,000	Hoya Corp.		2,658,017
	41,350	Medtronic plc		3,180,642
	34,495	UnitedHealth Group, Inc.		4,057,992

				16,074,067

		Household & Personal Products - 2.7%
	82,320	Estee Lauder Cos., Inc. Class A		7,249,099
	63,344	Reckitt Benckiser Group plc		5,860,984

				13,110,083

		Insurance - 4.0%
	112,001	American International Group, Inc.		6,940,702
	28,310	Aon plc		2,610,465
	126,483	Assured Guaranty Ltd.		3,342,945
	1,286,480	PICC Property & Casualty Co., Ltd. Class H		2,538,887
	249,916	St James’s Place plc		3,704,173

				19,137,172

		Materials - 1.0%
	32,887	HeidelbergCement AG		2,680,209
	178,975	James Hardie Industries plc		2,256,505

				4,936,714

		Media - 2.7%
	50,913	Comcast Corp. Class A		2,873,021
	49,815	ProSiebenSat.1 Media SE		2,513,232
	178,144	Sky plc		2,920,269
	85,102	Twenty-First Century Fox, Inc. Class A		2,311,370
	21,010	Walt Disney Co.		2,207,731

				12,825,623

		Pharmaceuticals, Biotechnology & Life Sciences - 14.3%
	21,087	Actelion Ltd.*		2,929,902
	14,118	Allergan plc*		4,411,875
	31,574	Amgen, Inc.		5,125,408
	40,275	AstraZeneca plc		2,720,468
	179,166	Bristol-Myers Squibb Co.		12,324,829
	68,470	Celgene Corp.*		8,199,967
	47,800	Eisai Co., Ltd.		3,162,006
	36,794	ICON plc*		2,858,894
	55,756	Novartis AG		4,796,090
	85,017	Novo Nordisk A/S Class B		4,922,332
	6,897	Regeneron Pharmaceuticals, Inc.*		3,744,174
	15,279	Roche Holding AG		4,233,939
	37,059	UCB S.A.		3,345,058
	22,895	Vertex Pharmaceuticals, Inc.*		2,880,878
	56,100	Zoetis, Inc.		2,688,312

				68,344,132

		Real Estate - 0.7%
	34,193	American Tower Corp. REIT		3,315,011

The accompanying notes are an integral part of these financial statements.


		96

Hartford Global Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.6% - (continued)
		Retailing - 10.3%
	19,359	Amazon.com, Inc.*	$	13,084,555
	22,955	Expedia, Inc.		2,853,307
	46,359	Home Depot, Inc.		6,130,978
	116,912	Lowe’s Cos., Inc.		8,889,988
	26,144	Next plc		2,807,103
	5,431	Priceline Group, Inc.*		6,924,253
	57,439	Ross Stores, Inc.		3,090,793
	165,793	Vipshop Holdings Ltd. ADR*		2,531,659
	79,485	Zalando SE*⁽¹⁾		3,144,243

				49,456,879

		Semiconductors & Semiconductor Equipment - 1.8%
	185,534	ARM Holdings plc		2,827,914
	196,924	Infineon Technologies AG		2,870,897
	34,700	NXP Semiconductors N.V.*		2,923,475

				8,622,286

		Software & Services - 21.1%
	43,091	Accenture plc Class A		4,503,009
	76,962	Adobe Systems, Inc.*		7,229,810
	19,749	Alphabet, Inc. Class C*		14,987,121
	43,358	Automatic Data Processing, Inc.		3,673,290
	39,887	Check Point Software Technologies Ltd.*		3,246,004
	55,797	Cognizant Technology Solutions Corp. Class A*		3,348,936
	3,575	Dropbox, Inc. Class B⁽²⁾⁽³⁾		54,340
	51,476	Facebook, Inc. Class A*		5,387,478
	37,710	Fiserv, Inc.*		3,448,957
	42,741	Gartner, Inc. Class A*		3,876,609
	36,464	Intuit, Inc.		3,518,776
	47,277	Jack Henry & Associates, Inc.		3,690,443
	86,765	Mastercard, Inc. Class A		8,447,440
	65,208	Microsoft Corp.		3,617,740
	75,527	Mobileye N.V.*		3,193,282
	20,900	Nintendo Co., Ltd.		2,873,960
	46,303	Salesforce.com, Inc.*		3,630,155
	26,600	ServiceNow, Inc.*		2,302,496
	289,600	Tencent Holdings Ltd.		5,670,359
	54,332	Vantiv, Inc. Class A*		2,576,423
	42,017	VeriSign, Inc.*		3,670,605
	73,009	Visa, Inc. Class A		5,661,848
	33,660	Zillow Group, Inc. Class A*		876,506
	75,120	Zillow Group, Inc. Class C*		1,763,818

				101,249,405

		Technology Hardware & Equipment - 2.1%
	265,000	Catcher Technology Co., Ltd.		2,209,150
	89,345	Cisco Systems, Inc.		2,426,163
	30,135	F5 Networks, Inc.*		2,921,890
	36,700	Largan Precision Co., Ltd.		2,511,188
	2,372	Pure Storage, Inc. Class B*⁽²⁾⁽³⁾		34,983

				10,103,374

		Telecommunication Services - 1.2%
	117,500	NTT DoCoMo, Inc.		2,410,111
	84,541	T-Mobile US, Inc.*		3,307,244

				5,717,355


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.6% - (continued)
		Transportation - 1.3%
	49,833	United Continental Holdings, Inc.*	$	2,855,431
	36,070	United Parcel Service, Inc. Class B		3,471,016

				6,326,447

		Total Common Stocks (cost $401,901,757)	$	472,518,393


WARRANTS - 0.0%
		Diversified Financials - 0.0%
	16,228	Atlas Mara Ltd. Expires 8/21/17*	$	2,029
	1,035	Imperial Holdings, Inc., Expires 4/11/19*⁽²⁾⁽³⁾		—


		Total Warrants (cost $162)	$	2,029


RIGHTS - 0.0%
		Banks - 0.0%
	356,891	Unione di Banche Italiane S.p.A. Expires 1/12/16*	$	4


		Total Rights (cost $ — )	$	4


		Total Long-Term Investments (cost $401,901,919)	$	472,520,426


SHORT-TERM INVESTMENTS - 1.2%
		Other Investment Pools & Funds - 1.2%
	5,452,375	Fidelity Money Market Class 1	$	5,452,375


		Total Short-Term Investments (cost $5,452,375)	$	5,452,375



Total Investments (cost $407,354,294)^	99.8	%	$	477,972,801
Other Assets and Liabilities	0.2	%		1,087,992

Total Net Assets	100.0	%	$	479,060,793

The accompanying notes are an integral part of these financial statements.


		97

Hartford Global Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^{^}	At December 31, 2015, the cost of securities for federal income tax purposes was $407,545,865 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	81,992,777
Unrealized Depreciation		(11,565,841	)

Net Unrealized Appreciation	$	70,426,936

*	Non-income producing.

⁽¹⁾

Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, this holding is determined to be liquid. At December 31, 2015, the aggregate value of this security was $3,144,243, which represents 0.7% of total net assets.

⁽²⁾


Period Acquired	Shares/Par		Security	Cost
05/2012		3,575	Dropbox, Inc. Class B	$	32,360
04/2014		1,035	Imperial Holdings, Inc., Warrants		—
04/2014		2,372	Pure Storage, Inc. Class B		37,302

				$	69,662

At December 31, 2015, the aggregate value of these securities was $89,323, which represents 0.0% of total net assets.

⁽³⁾

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At December 31, 2015, the aggregate fair value of these securities was $89,323, which represents 0.0% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt
REIT		Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.


		98

Hartford Global Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total		Level 1⁽¹⁾		Level 2⁽¹⁾		Level 3
Assets
Common Stocks
Banks	$	19,679,518	$	12,038,268	$	7,641,250	$	—
Capital Goods		15,433,100		2,874,900		12,558,200		—
Commercial & Professional Services		8,931,271		8,931,271		—		—
Consumer Durables & Apparel		18,241,864		5,550,442		12,691,422		—
Consumer Services		7,689,834		5,096,803		2,593,031		—
Diversified Financials		35,748,237		24,691,883		11,056,354		—
Energy		6,798,252		3,920,257		2,877,995		—
Food & Staples Retailing		10,868,867		7,310,263		3,558,604		—
Food, Beverage & Tobacco		29,908,902		16,213,109		13,695,793		—
Health Care Equipment & Services		16,074,067		13,416,050		2,658,017		—
Household & Personal Products		13,110,083		7,249,099		5,860,984		—
Insurance		19,137,172		12,894,112		6,243,060		—
Materials		4,936,714		—		4,936,714		—
Media		12,825,623		7,392,122		5,433,501		—
Pharmaceuticals, Biotechnology & Life Sciences		68,344,132		42,234,337		26,109,795		—
Real Estate		3,315,011		3,315,011		—		—
Retailing		49,456,879		46,649,776		2,807,103		—
Semiconductors & Semiconductor Equipment		8,622,286		2,923,475		5,698,811		—
Software & Services		101,249,405		92,650,746		8,544,319		54,340
Technology Hardware & Equipment		10,103,374		5,348,053		4,720,338		34,983
Telecommunication Services		5,717,355		3,307,244		2,410,111		—
Transportation		6,326,447		6,326,447		—		—
Warrants		2,029		2,029		—		—
Rights		4		4		—		—
Short-Term Investments		5,452,375		5,452,375		—		—

Total	$	477,972,801	$	335,788,076	$	142,095,402	$	89,323

⁽¹⁾	For the year ended December 31, 2015, there were no transfers between Level 1 and Level 2.

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2015:


	Common Stocks			Preferred Stocks			Warrants		Total
Beginning balance	$	61,458		$	33,572		$	—	$	95,030
Purchases		37,302			—			—		37,302
Sales		—			(37,302	)		—		(37,302	)
Accrued discounts/(premiums)		—			—			—		—
Total realized gain/(loss)		—			—			—		—
Net change in unrealized appreciation/depreciation		(9,437	)		3,730			—		(5,707	)
Transfers into Level 3⁽¹⁾		—			—			—		—
Transfers out of Level 3⁽¹⁾		—			—			—		—

Ending balance	$	89,323		$	—		$	—	$	89,323

The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at December 31, 2015 was $(9,437).

⁽¹⁾	Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

^a)

Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

^b)

Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

^c)

Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		99

Hartford Growth Opportunities HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 91.4%
		Automobiles & Components - 0.6%
	33,624	Tesla Motors, Inc.*	$	8,070,096

		Banks - 3.6%
	1,033,589	Bank of America Corp.		17,395,303
	617,114	Citizens Financial Group, Inc.		16,162,216
	170,565	PNC Financial Services Group, Inc.		16,256,550

				49,814,069

		Capital Goods - 7.3%
	341,633	AerCap Holdings N.V.*		14,744,880
	242,866	AMETEK, Inc.		13,015,189
	204,037	Danaher Corp.		18,950,957
	51,326	DigitalGlobe, Inc.*		803,765
	432,785	Fastenal Co.		17,666,284
	291,665	Fortune Brands Home & Security, Inc.		16,187,407
	175,900	Middleby Corp.*		18,974,333

				100,342,815

		Commercial & Professional Services - 1.2%
	18,785	Klarna Holding AB*⁽¹⁾⁽²⁾		1,928,452
	126,162	Stericycle, Inc.*		15,215,137

				17,143,589

		Consumer Durables & Apparel - 2.1%
	187,892	Harman International Industries, Inc.		17,701,305
	3,892,130	Samsonite International S.A.		11,664,624

				29,365,929

		Consumer Services - 3.6%
	515,611	Diamond Resorts International, Inc.*		13,153,236
	116,423	Panera Bread Co. Class A*		22,676,872
	195,141	Wyndham Worldwide Corp.		14,176,994

				50,007,102

		Diversified Financials - 3.4%
	621,393	Double Eagle Acquisition Corp.*		6,213,930
	102,400	Invesco Ltd.		3,428,352
	137,565	McGraw Hill Financial, Inc.		13,561,157
	178,698	Northern Trust Corp.		12,882,339
	193,900	Raymond James Financial, Inc.		11,240,383

				47,326,161

		Energy - 1.1%
	51,009	Concho Resources, Inc.*		4,736,696
	77,080	Diamondback Energy, Inc.*		5,156,652
	42,322	Pioneer Natural Resources Co.		5,306,332

				15,199,680

		Food, Beverage & Tobacco - 4.4%
	541,007	Mondelez International, Inc. Class A		24,258,754
	159,581	Monster Beverage Corp.*		23,771,186
	1,056,248	Nomad Foods Ltd.*		12,463,726

				60,493,666

		Health Care Equipment & Services - 9.2%
	74,097	athenahealth, Inc.*		11,927,394
	138,985	Becton Dickinson and Co.		21,416,199
	962,507	Boston Scientific Corp.*		17,748,629
	383,714	Cerner Corp.*		23,088,071
	156,820	ConforMIS, Inc.*		2,711,418
	60,621	DexCom, Inc.*		4,964,860
	592,857	Hologic, Inc.*		22,937,637


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 91.4% - (continued)
		Health Care Equipment & Services - 9.2% - (continued)
	38,760	Intuitive Surgical, Inc.*	$	21,169,162

				125,963,370

		Household & Personal Products - 1.1%
	166,993	Estee Lauder Cos., Inc. Class A		14,705,404

		Insurance - 0.9%
	207,132	American International Group, Inc.		12,835,970

		Materials - 1.2%
	1,259,516	Platform Specialty Products Corp.*		16,159,590

		Pharmaceuticals, Biotechnology & Life Sciences - 14.1%
	87,433	Allergan plc*		27,322,812
	297,493	AstraZeneca plc		20,094,853
	698,135	Bristol-Myers Squibb Co.		48,024,707
	143,542	Celgene Corp.*		17,190,590
	223,980	Eisai Co., Ltd.		14,816,444
	36,068	Illumina, Inc.*		6,923,072
	33,597	Incyte Corp.*		3,643,595
	367,688	Merck & Co., Inc.		19,421,280
	484,945	Mylan N.V.*		26,220,976
	19,647	Regeneron Pharmaceuticals, Inc.*		10,665,767

				194,324,096

		Real Estate - 2.8%
	247,543	American Tower Corp. REIT		23,999,294
	395,417	CBRE Group, Inc. Class A*		13,673,520
	29,318	WeWork Companies, Inc. Class A⁽¹⁾⁽²⁾		1,214,938

				38,887,752

		Retailing - 7.2%
	60,904	Advance Auto Parts, Inc.		9,166,661
	89,642	Amazon.com, Inc.*		60,588,131
	43,732	Honest Co.⁽¹⁾⁽²⁾		1,982,372
	41,578	JAND, Inc. Class A⁽¹⁾⁽²⁾		429,782
	16,351	Priceline Group, Inc.*		20,846,708
	94,537	Tory Burch LLC*⁽¹⁾⁽²⁾		5,002,893

				98,016,547

		Semiconductors & Semiconductor Equipment - 1.9%
	157,953	ASML Holding N.V.		14,021,488
	151,187	NXP Semiconductors N.V.*		12,737,505

				26,758,993

		Software & Services - 19.4%
	233,522	Akamai Technologies, Inc.*		12,290,263
	191,016	Alibaba Group Holding Ltd. ADR*		15,523,870
	46,762	Alphabet, Inc. Class A*		36,381,304
	45,846	Alphabet, Inc. Class C*		34,791,613
	176,884	Apigee Corp.*		1,420,379
	120,808	CoStar Group, Inc.*		24,969,806
	440,502	Facebook, Inc. Class A*		46,102,939
	199,329	Mobileye N.V.*		8,427,630
	228,196	ServiceNow, Inc.*		19,752,646
	184,586	SS&C Technologies Holdings, Inc.		12,601,686
	75,900	Tableau Software, Inc. Class A*		7,151,298
	973,100	Tencent Holdings Ltd.		19,053,267
	213,177	Workday, Inc. Class A*		16,985,943
	130,209	Zillow Group, Inc. Class A*		3,390,642
	316,792	Zillow Group, Inc. Class C*		7,438,276

				266,281,562

		Technology Hardware & Equipment - 5.0%
	218,488	Apple, Inc.		22,998,047
	166,526	Arista Networks, Inc.*		12,962,384

The accompanying notes are an integral part of these financial statements.


		100

Hartford Growth Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
COMMON STOCKS - 91.4% - (continued)
			Technology Hardware & Equipment - 5.0% - (continued)
		335,392	CDW Corp. of Delaware	$	14,099,880
		80,424	Palo Alto Networks, Inc.*		14,165,883
		27,200	Pure Storage, Inc. Class A*		423,504
		268,363	Pure Storage, Inc. Class B*⁽¹⁾⁽²⁾		3,957,884

					68,607,582

			Transportation - 1.3%
		231,745	Kansas City Southern		17,304,399


			Total Common Stocks (cost $1,172,998,141)	$	1,257,608,372


CORPORATE BONDS - 0.1%
			Internet - 0.1%
	$	705,896	DraftKings, Inc. 5.00%, 12/23/2016*⁽¹⁾⁽²⁾	$	705,896


			Total Corporate Bonds (cost $705,896)	$	705,896


PREFERRED STOCKS - 7.7%
			Capital Goods - 0.6%
		1,458,400	Lithium Technology Corp.*⁽¹⁾⁽²⁾	$	8,152,456

			Consumer Services - 0.1%
		874,073	DraftKings, Inc.⁽¹⁾⁽²⁾		1,774,368

			Real Estate - 1.0%
		879,569	Redfin Corp. Series G⁽¹⁾⁽²⁾		3,148,857
		145,709	WeWork Companies, Inc. Class D-1⁽¹⁾⁽²⁾		6,038,181
		114,486	WeWork Companies, Inc. Class D-2⁽¹⁾⁽²⁾		4,744,300

					13,931,338

			Retailing - 0.5%
		160,575	Forward Ventures, Inc.⁽¹⁾⁽²⁾		6,450,298
		92,843	JAND, Inc. Series D⁽¹⁾⁽²⁾		959,696

					7,409,994

			Software & Services - 5.2%
		535,139	Birst, Inc. Series F⁽¹⁾⁽²⁾		2,793,426
		1,871,878	Essence Group Holdings Corp.⁽¹⁾⁽²⁾		3,388,099
		236,310	ForeScout Technologies, Inc.⁽¹⁾⁽²⁾		2,523,862
		50,806	General Assembly Space, Inc.⁽¹⁾⁽²⁾		2,241,500
		287,204	Lookout, Inc. Series F⁽¹⁾⁽²⁾		2,263,168
		366,944	MarkLogic Corp. Series F⁽¹⁾⁽²⁾		4,282,236
		227,914	Nutanix, Inc.⁽¹⁾⁽²⁾		3,724,115
		97,758	Pinterest, Inc. Series G⁽¹⁾⁽²⁾		3,158,162
		759,876	Uber Technologies, Inc.⁽¹⁾⁽²⁾		37,060,845
		210,735	Veracode, Inc.⁽¹⁾⁽²⁾		5,719,348
		1,160,072	Zuora, Inc. Series F⁽¹⁾⁽²⁾		4,802,698

					71,957,459

			Telecommunication Services - 0.3%
		7,944	DocuSign, Inc. Series B⁽¹⁾⁽²⁾		151,571
		2,379	DocuSign, Inc. Series B-1⁽¹⁾⁽²⁾		45,391
		5,708	DocuSign, Inc. Series D⁽¹⁾⁽²⁾		108,909
		147,634	DocuSign, Inc. Series E⁽¹⁾⁽²⁾		2,816,857
		25,098	DocuSign, Inc. Series F⁽¹⁾⁽²⁾		478,870

					3,601,598


			Total Preferred Stocks (cost $70,181,781)	$	106,827,213


Shares or Principal Amount						Market Value^†


CONVERTIBLE PREFERRED STOCKS - 0.3%
		Retailing - 0.3%
	102,040	Honest Co. Series C⁽¹⁾⁽²⁾			$	4,625,473


		Total Convertible Preferred Stocks (cost $2,760,927)			$	4,625,473


		Total Long-Term Investments (cost $1,246,646,745)			$	1,369,766,954


SHORT-TERM INVESTMENTS - 0.8%
		Other Investment Pools & Funds - 0.8%
	10,436,602	Federated Prime Obligations Fund			$	10,436,602


		Total Short-Term Investments (cost $10,436,602)			$	10,436,602


		Total Investments (cost $1,257,083,347)^	100.3	%	$	1,380,203,556
		Other Assets and Liabilities	(0.3	)%		(4,216,758	)

		Total Net Assets	100.0	%	$	1,375,986,798

The accompanying notes are an integral part of these financial statements.


		101

Hartford Growth Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^{^}	At December 31, 2015, the cost of securities for federal income tax purposes was $1,266,201,383 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	157,664,519
Unrealized Depreciation		(43,662,346	)

Net Unrealized Appreciation	$	114,002,173

*	Non-income producing.

⁽¹⁾


Period Acquired	Shares/Par		Security	Cost Basis
03/2015		535,139	Birst, Inc. Series F Preferred	$	3,125,693
02/2014		7,944	DocuSign, Inc. Series B Preferred		104,324
02/2014		2,379	DocuSign, Inc. Series B-1 Preferred		31,242
02/2014		5,708	DocuSign, Inc. Series D Preferred		74,960
02/2014		147,634	DocuSign, Inc. Series E Preferred		1,938,789
04/2015		25,098	DocuSign, Inc. Series F Preferred		479,198
12/2015		705,896	DraftKings, Inc.		705,896
12/2014		874,073	DraftKings, Inc. Preferred		1,574,452
05/2014		1,871,878	Essence Group Holdings Corp. Preferred		2,960,001
11/2015		236,310	ForeScout Technologies, Inc. Preferred		2,804,291
11/2014		160,575	Forward Ventures, Inc. Preferred		4,998,894
07/2015		50,806	General Assembly Space, Inc. Preferred		2,490,556
08/2014		43,732	Honest Co.		1,183,270
08/2014		102,040	Honest Co. Series C Convertible Preferred		2,760,927
04/2015		41,578	JAND, Inc. Class A		477,536
04/2015		92,843	JAND, Inc. Series D Preferred		1,066,330
08/2015		18,785	Klarna Holding AB		2,060,349
08/2013		1,458,400	Lithium Technology Corp. Preferred		7,108,242
07/2014		287,204	Lookout, Inc. Series F Preferred		3,280,760
04/2015		366,944	MarkLogic Corp. Series F Preferred		4,261,761
08/2014		227,914	Nutanix, Inc. Preferred		3,053,250
03/2015		97,758	Pinterest, Inc. Series G Preferred		3,509,068
10/2015		268,363	Pure Storage, Inc. Class B		4,220,250
12/2014		879,569	Redfin Corp. Series G Preferred		2,900,554
11/2013		94,537	Tory Burch LLC		7,409,472
06/2014		759,876	Uber Technologies, Inc. Preferred		11,787,994
08/2014		210,735	Veracode, Inc. Preferred		3,891,411
12/2014		29,318	WeWork Companies, Inc. Class A		488,179
12/2014		145,709	WeWork Companies, Inc. Class D-1 Preferred		2,426,224
12/2014		114,486	WeWork Companies, Inc. Class D-2 Preferred		1,906,325
01/2015		1,160,072	Zuora, Inc. Series F Preferred		4,407,462

				$	89,487,660

At December 31, 2015, the aggregate value of these securities was $126,674,903, which represents 9.2% of total net assets.

⁽²⁾

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At December 31, 2015, the aggregate fair value of these securities was $126,674,903, which represents 9.2% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.

The accompanying notes are an integral part of these financial statements.


		102

Hartford Growth Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2015


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt
REIT		Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.


		103

Hartford Growth Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total		Level 1⁽¹⁾		Level 2⁽¹⁾		Level 3
Assets
Common Stocks
Automobiles & Components	$	8,070,096	$	8,070,096	$	—	$	—
Banks		49,814,069		49,814,069		—		—
Capital Goods		100,342,815		100,342,815		—		—
Commercial & Professional Services		17,143,589		15,215,137		—		1,928,452
Consumer Durables & Apparel		29,365,929		17,701,305		11,664,624		—
Consumer Services		50,007,102		50,007,102		—		—
Diversified Financials		47,326,161		47,326,161		—		—
Energy		15,199,680		15,199,680		—		—
Food, Beverage & Tobacco		60,493,666		60,493,666		—		—
Health Care Equipment & Services		125,963,370		125,963,370		—		—
Household & Personal Products		14,705,404		14,705,404		—		—
Insurance		12,835,970		12,835,970		—		—
Materials		16,159,590		16,159,590		—		—
Pharmaceuticals, Biotechnology & Life Sciences		194,324,096		159,412,799		34,911,297		—
Real Estate		38,887,752		37,672,814		—		1,214,938
Retailing		98,016,547		90,601,500		—		7,415,047
Semiconductors & Semiconductor Equipment		26,758,993		26,758,993		—		—
Software & Services		266,281,562		247,228,295		19,053,267		—
Technology Hardware & Equipment		68,607,582		64,649,698		—		3,957,884
Transportation		17,304,399		17,304,399		—		—
Corporate Bonds		705,896		—		—		705,896
Preferred Stocks		106,827,213		—		—		106,827,213
Convertible Preferred Stocks		4,625,473		—		—		4,625,473
Short-Term Investments		10,436,602		10,436,602		—		—

Total	$	1,380,203,556	$	1,187,899,465	$	65,629,188	$	126,674,903

⁽¹⁾	For the year ended December 31, 2015, investments valued at $5,358,579 were transferred from Level 2 to Level 1, and there were no transfers from Level 1 to Level 2. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

^a)

Foreign equities for which a fair value price is more representative of exit value than the local market close (transfer into Level 2). Foreign equities for which the local market close is more representative of exit value (transfer into Level 1).

^b)

Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

The accompanying notes are an integral part of these financial statements.


		104

Hartford Growth Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2015

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2015:


	Common Stocks			Preferred Stocks			Convertible Bonds		Convertible Preferred Stocks		Total
Beginning balance	$	9,291,769		$	76,924,499		$	—	$	2,785,692	$	89,001,960
Purchases		6,758,135			22,144,360			705,896		—		29,608,391
Sales		(1,850,156	)		(18,744,235	)		—		—		(20,594,391	)
Accrued discounts/(premiums)		—			—			—		—		—
Total realized gain/(loss)		—			3,267,872			—		—		3,267,872
Net change in unrealized appreciation/depreciation		316,573			23,234,717			—		1,839,781		25,391,071
Transfers into Level 3⁽¹⁾		—			—			—		—		—
Transfers out of Level 3⁽¹⁾		—			—			—		—		—

Ending balance	$	14,516,321		$	106,827,213		$	705,896	$	4,625,473	$	126,674,903

The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at December 31, 2015 was $27,718,830.

⁽¹⁾	Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

^a)

Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

^b)

Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

^c)

Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		105

Hartford Healthcare HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.6%
		Biotechnology - 24.8%
	31,790	Acorda Therapeutics, Inc.*	$	1,359,976
	18,110	Alder Biopharmaceuticals, Inc.*		598,173
	144,732	Alkermes plc*		11,488,826
	44,480	Alnylam Pharmaceuticals, Inc.*		4,187,347
	52,627	Anacor Pharmaceuticals, Inc.*		5,945,272
	642,780	Arena Pharmaceuticals, Inc.*		1,221,282
	190,170	BioCryst Pharmaceuticals, Inc.*		1,962,554
	7,182	Biogen, Inc.*		2,200,206
	89,630	Cepheid*		3,274,184
	3,030	Chiasma, Inc.*		59,297
	135,857	Dicerna Pharmaceuticals, Inc.*		1,612,623
	61,705	Five Prime Therapeutics, Inc.*		2,560,757
	92,269	Galapagos N.V.*		5,697,615
	169,379	Gilead Sciences, Inc.		17,139,461
	131,230	GlycoMimetics, Inc.*		750,636
	61,983	Incyte Corp.*		6,722,056
	40,680	Innate Pharma S.A.*		597,198
	134,483	Ironwood Pharmaceuticals, Inc.*		1,558,658
	42,759	Nivalis Therapeutics, Inc.*		330,955
	134,720	Otonomy, Inc.*		3,738,480
	52,495	Portola Pharmaceuticals, Inc.*		2,700,868
	24,040	PTC Therapeutics, Inc.*		778,896
	23,656	Regeneron Pharmaceuticals, Inc.*		12,842,133
	116,160	Regulus Therapeutics, Inc.*		1,012,915
	228,710	Rigel Pharmaceuticals, Inc.*		692,991
	19,632	Seattle Genetics, Inc.*		881,084
	49,170	T2 Biosystems, Inc.*		537,920
	86,485	TESARO, Inc.*		4,524,895
	100,719	Trevena, Inc.*		1,057,550
	39,531	Vertex Pharmaceuticals, Inc.*		4,974,186
	85,700	Voyager Therapeutics, Inc.*		1,876,830

				104,885,824

		Drug Retail - 1.3%
	38,540	CVS Health Corp.		3,768,056
	19,465	Walgreens Boots Alliance, Inc.		1,657,542

				5,425,598

		Health Care Distributors - 3.8%
	75,760	Cardinal Health, Inc.		6,763,095
	47,390	McKesson Corp.		9,346,730

				16,109,825

		Health Care Equipment - 19.6%
	212,110	Abbott Laboratories		9,525,860
	99,310	AtriCure, Inc.*		2,228,516
	163,781	Baxter International, Inc.		6,248,245
	46,193	Becton Dickinson and Co.		7,117,879
	536,450	Boston Scientific Corp.*		9,892,138
	46,880	ConforMIS, Inc.*		810,555
	65,500	EndoChoice Holdings, Inc.*		546,925
	170,072	Globus Medical, Inc. Class A*		4,731,403
	24,420	HeartWare International, Inc.*		1,230,768
	34,995	Invuity, Inc.*		308,656
	162,870	K2M Group Holdings, Inc.*		3,215,054
	246,792	Medtronic plc		18,983,241
	106,858	St. Jude Medical, Inc.		6,600,619
	62,550	Stryker Corp.		5,813,397
	22,615	Teleflex, Inc.		2,972,742
	179,547	TriVascular Techonologies, Inc.*		1,193,988
	15,673	Zimmer Biomet Holdings, Inc.		1,607,893

				83,027,879


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.6% - (continued)
		Health Care Facilities - 2.9%
	26,490	Acadia Healthcare Co., Inc.*	$	1,654,565
	36,734	Al Noor Hospitals Group plc		599,187
	128,700	Georgia Healthcare Group plc*⁽¹⁾		294,081
	87,830	HCA Holdings, Inc.*		5,939,943
	7,200	LifePoint Health, Inc.*		528,480
	34,785	NMC Health plc		431,009
	23,680	Universal Health Services, Inc. Class B		2,829,523

				12,276,788

		Health Care Services - 1.6%
	128,400	Envision Healthcare Holdings, Inc.*		3,334,548
	27,570	Team Health Holdings, Inc.*		1,210,047
	118,967	Teladoc, Inc.*		2,136,647

				6,681,242

		Health Care Supplies - 0.5%
	24,914	Dentsply International, Inc.		1,516,017
	54,760	Endologix, Inc.*		542,124

				2,058,141

		Health Care Technology - 3.1%
	112,640	Allscripts Healthcare Solutions, Inc.*		1,732,403
	23,670	athenahealth, Inc.*		3,810,160
	86,269	Cerner Corp.*		5,190,806
	51,640	IMS Health Holdings, Inc.*		1,315,271
	61,364	Inovalon Holdings, Inc. Class A*		1,043,188

				13,091,828

		Internet Software & Services - 0.2%
	166,816	Everyday Health, Inc.*		1,004,232

		Life Sciences Tools & Services - 4.6%
	78,140	Agilent Technologies, Inc.		3,267,033
	24,920	Illumina, Inc.*		4,783,270
	35,960	PRA Health Sciences, Inc.*		1,627,909
	25,090	Quintiles Transnational Holdings, Inc.*		1,722,679
	56,000	Thermo Fisher Scientific, Inc.		7,943,600

				19,344,491

		Managed Health Care - 7.5%
	81,300	Aetna, Inc.		8,790,156
	238,960	Qualicorp S.A.		853,461
	164,140	UnitedHealth Group, Inc.		19,309,429
	39,260	WellCare Health Plans, Inc.*		3,070,525

				32,023,571

		Pharmaceuticals - 27.7%
	134,390	Aerie Pharmaceuticals, Inc.*		3,272,397
	82,342	Allergan plc*		25,731,875
	313,940	AstraZeneca plc ADR		10,658,263
	327,450	Bristol-Myers Squibb Co.		22,525,286
	78,760	Daiichi Sankyo Co., Ltd.		1,625,582
	48,170	Eisai Co., Ltd.		3,186,481
	84,020	Eli Lilly & Co.		7,079,525
	64,070	Intersect ENT, Inc.*		1,441,575
	19,740	Johnson & Johnson		2,027,693
	107,500	Medicines Co.*		4,014,050
	78,140	MediWound Ltd.*		667,316
	93,720	Merck & Co., Inc.		4,950,290
	176,970	Mylan N.V.*		9,568,768
	94,600	MyoKardia, Inc.*		1,386,836
	203,698	Navbriva Therapeutics AG ADR*		1,945,316
	42,560	Ocular Therapeutix, Inc.*		398,787

The accompanying notes are an integral part of these financial statements.


		106

Hartford Healthcare HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.6% - (continued)
		Pharmaceuticals - 27.7% - (continued)
	15,100	Ono Pharmaceutical Co., Ltd.	$	2,692,506
	17,459	Revance Therapeutics, Inc.*		596,399
	174,270	Shionogi & Co., Ltd.		7,882,271
	145,300	Tetraphase Pharmaceuticals, Inc.*		1,457,359
	38,463	UCB S.A.		3,471,788
	151,608	XenoPort, Inc.*		832,328

				117,412,691


		Total Common Stocks (cost $308,141,545)	$	413,342,110


		Total Long-Term Investments (cost $308,141,545)	$	413,342,110


SHORT-TERM INVESTMENTS - 2.0%
		Other Investment Pools & Funds - 2.0%
	8,441,857	Fidelity Money Market Class 1	$	8,441,857


		Total Short-Term Investments (cost $8,441,857)	$	8,441,857



Total Investments (cost $316,583,402)^	99.6	%	$	421,783,967
Other Assets and Liabilities	0.4	%		1,643,306

Total Net Assets	100.0	%	$	423,427,273

The accompanying notes are an integral part of these financial statements.


		107

Hartford Healthcare HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $325,868,377 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	108,891,595
Unrealized Depreciation		(12,976,005	)

Net Unrealized Appreciation	$	95,915,590

*	Non-income producing.

⁽¹⁾

Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, this holding is determined to be liquid. At December 31, 2015, the aggregate value of this security was $294,081, which represents 0.1% of total net assets.

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt

The accompanying notes are an integral part of these financial statements.


		108

Hartford Healthcare HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total		Level 1⁽¹⁾		Level 2⁽¹⁾		Level 3
Assets
Common Stocks
Biotechnology	$	104,885,824	$	98,591,011	$	6,294,813	$	—
Drug Retail		5,425,598		5,425,598		—		—
Health Care Distributors		16,109,825		16,109,825		—		—
Health Care Equipment		83,027,879		83,027,879		—		—
Health Care Facilities		12,276,788		11,677,601		599,187		—
Health Care Services		6,681,242		6,681,242		—		—
Health Care Supplies		2,058,141		2,058,141		—		—
Health Care Technology		13,091,828		13,091,828		—		—
Internet Software & Services		1,004,232		1,004,232		—		—
Life Sciences Tools & Services		19,344,491		19,344,491		—		—
Managed Health Care		32,023,571		32,023,571		—		—
Pharmaceuticals		117,412,691		98,554,063		18,858,628		—
Short-Term Investments		8,441,857		8,441,857		—		—

Total	$	421,783,967	$	396,031,339	$	25,752,628	$	—

⁽¹⁾

For the year ended December 31, 2015, investments valued at $1,248,469 were transferred from Level 1 to Level 2, and investments valued at $1,387,256 were transferred from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		109

Hartford High Yield HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount				Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 0.0%
			Asset-Backed - Finance & Insurance - 0.0%
	$	2,490,000	Soundview NIM Trust 8.25%, 12/25/2036^(1)(2)(3)	$	—


			Total Asset & Commercial Mortgage Backed Securities (cost $2,478,958)	$	—



CORPORATE BONDS - 90.2%
			Auto Manufacturers - 0.3%
	$	915,000	General Motors Co. 6.25%, 10/02/2043	$	966,730

			Auto Parts & Equipment - 0.5%
			ZF North America Capital, Inc.
		515,000	4.50%, 04/29/2022⁽¹⁾		503,413
		1,220,000	4.75%, 04/29/2025⁽¹⁾		1,162,050

					1,665,463

			Chemicals - 0.7%
			Ineos Group Holdings S.A.
		1,700,000	5.88%, 02/15/2019⁽¹⁾		1,649,000
		535,000	6.13%, 08/15/2018⁽¹⁾		529,650

					2,178,650

			Commercial Banks - 5.7%
	EUR	2,600,000	Banco Bilbao Vizcaya Argentaria S.A. 7.00%, 02/19/2019^(4)(5)(6)		2,772,209
	$	3,640,000	Barclays plc 8.25%, 12/15/2018⁽⁴⁾⁽⁶⁾		3,875,512
		2,261,000	CIT Group, Inc. 5.25%, 03/15/2018		2,334,482
		1,015,000	Credit Agricole S.A. 7.88%, 01/23/2024^(1)(4)(6)		1,037,838
		1,530,000	Credit Suisse Group AG 6.25%, 12/18/2024^(4)(5)(6)		1,528,849
		720,000	ING Groep N.V. 6.00%, 04/16/2020⁽⁴⁾⁽⁶⁾		720,000
			Royal Bank of Scotland Group plc
		2,105,000	6.99%, 10/05/2017^(1)(4)(6)		2,436,537
		2,070,000	7.50%, 08/10/2020⁽⁴⁾⁽⁶⁾		2,155,388
		1,000,000	7.64%, 09/30/2017⁽⁴⁾⁽⁶⁾		1,045,000
		640,000	Societe Generale S.A. 8.25%, 11/29/2018^(4)(5)(6)		678,400

					18,584,215

			Commercial Services - 0.5%
		2,385,000	Quad/Graphics, Inc. 7.00%, 05/01/2022		1,496,588

			Construction Materials - 4.1%
		1,965,000	Builders FirstSource, Inc. 10.75%, 08/15/2023⁽¹⁾		1,950,262
		3,945,000	Building Materials Corp. of America 5.38%, 11/15/2024⁽¹⁾		3,935,137
		2,580,000	Cemex Finance LLC 6.00%, 04/01/2024⁽¹⁾		2,212,350
			Cemex S.A.B. de C.V.
		1,190,000	5.70%, 01/11/2025⁽¹⁾		995,138
		760,000	6.13%, 05/05/2025⁽¹⁾		649,800
		2,060,000	Nortek, Inc. 8.50%, 04/15/2021		2,137,456
		1,875,000	Ply Gem Industries, Inc. 6.50%, 02/01/2022		1,715,625

					13,595,768


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 90.2% - (continued)
			Distribution/Wholesale - 0.2%
	$	625,000	American Builders & Contractors Supply Co., Inc. 5.75%, 12/15/2023⁽¹⁾	$	629,688

			Diversified Financial Services - 3.4%
			International Lease Finance Corp.
		6,416,000	5.88%, 04/01/2019		6,800,960
		665,000	5.88%, 08/15/2022		708,225
		970,000	6.25%, 05/15/2019		1,039,112
		3,115,000	Nationstar Mortgage LLC / Nationstar Capital Corp. 6.50%, 07/01/2021		2,756,775

					11,305,072

			Electric - 1.5%
			Dynegy, Inc.
		1,005,000	5.88%, 06/01/2023		806,513
		1,070,000	7.38%, 11/01/2022		930,900
		720,000	7.63%, 11/01/2024		615,456
			GenOn Americas Generation LLC
		1,605,000	8.50%, 10/01/2021		1,175,662
		1,670,000	9.13%, 05/01/2031		1,156,475
		415,000	Texas Competitive Electric Holdings Co. LLC 11.50%, 10/01/2020⁽¹⁾⁽²⁾		137,988

					4,822,994

			Entertainment - 0.4%
		1,350,000	Carmike Cinemas, Inc. 6.00%, 06/15/2023⁽¹⁾		1,383,750

			Food - 1.0%
		719,000	Albertson’s Holdings LLC/Safeway, Inc. 7.75%, 10/15/2022⁽¹⁾		763,485
		686,000	Post Holdings, Inc. 7.38%, 02/15/2022		715,155
		2,045,000	TreeHouse Foods, Inc. 4.88%, 03/15/2022		1,947,862

					3,426,502

			Food Service - 0.8%
			Aramark Services, Inc.
		255,000	5.13%, 01/15/2024⁽¹⁾		259,781
		2,245,000	5.75%, 03/15/2020		2,322,172

					2,581,953

			Forest Products & Paper - 0.7%
		3,380,000	Tembec Industries, Inc. 9.00%, 12/15/2019⁽¹⁾		2,197,000

			Healthcare-Products - 2.3%
			Alere, Inc.
		1,865,000	6.38%, 07/01/2023⁽¹⁾		1,743,775
		3,115,000	6.50%, 06/15/2020		2,990,400
		2,895,000	Sterigenics-Nordion Holdings LLC 6.50%, 05/15/2023⁽¹⁾		2,764,725

				7,498,900

			Healthcare-Services - 8.6%
		2,575,000	Amsurg Corp. 5.63%, 07/15/2022		2,549,250
			Community Health Systems, Inc.
		1,296,000	5.13%, 08/15/2018		1,302,480
		4,305,000	6.88%, 02/01/2022		4,084,369
		2,010,000	7.13%, 07/15/2020		2,002,462

The accompanying notes are an integral part of these financial statements.


		110

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 90.2% - (continued)
			Healthcare-Services - 8.6% - (continued)
	$	1,040,000	Envision Healthcare Corp. 5.13%, 07/01/2022⁽¹⁾	$	1,019,200
		1,835,000	HCA Holdings, Inc. 6.25%, 02/15/2021		1,940,513
		1,085,000	HCA, Inc. 5.38%, 02/01/2025		1,071,438
		4,209,000	7.50%, 11/15/2095		3,998,550
		535,000	inVentiv Health, Inc. 9.00%, 01/15/2018⁽¹⁾		548,375
		1,965,000	LifePoint Health, Inc. 5.88%, 12/01/2023		1,994,475
		945,000	MEDNAX, Inc. 5.25%, 12/01/2023⁽¹⁾		949,725
			Tenet Healthcare Corp.
		3,305,000	5.00%, 03/01/2019		3,048,862
		500,000	6.75%, 06/15/2023		463,750
		3,265,000	8.13%, 04/01/2022		3,256,837

				28,230,286

			Holding Companies-Diversified - 0.7%
		2,290,000	Argos Merger Sub, Inc. 7.13%, 03/15/2023⁽¹⁾		2,270,535

			Home Builders - 3.3%
			DR Horton, Inc.
		265,000	4.00%, 02/15/2020		266,511
		956,000	4.38%, 09/15/2022		950,025
		240,000	5.75%, 08/15/2023		255,840
			KB Home
		926,000	7.50%, 09/15/2022		921,370
		2,930,000	8.00%, 03/15/2020		3,175,387
			Lennar Corp.
		1,015,000	4.75%, 12/15/2017		1,042,913
		1,155,000	4.75%, 11/15/2022		1,145,182
		370,000	4.88%, 12/15/2023		368,150
		2,115,000	M/I Homes, Inc. 6.75%, 01/15/2021⁽¹⁾		2,083,275
		530,000	Toll Brothers Finance Corp. 4.88%, 11/15/2025		520,725

					10,729,378

			Household Products/Wares - 0.5%
		2,080,000	Sun Products Corp. 7.75%, 03/15/2021⁽¹⁾		1,804,400

			Insurance - 0.4%
			CNO Financial Group, Inc.
		340,000	4.50%, 05/30/2020		346,800
		835,000	5.25%, 05/30/2025		849,613

				1,196,413

			Internet - 0.9%
			Zayo Group LLC / Zayo Capital, Inc.
		2,145,000	6.00%, 04/01/2023		2,027,025
		1,165,000	6.38%, 05/15/2025		1,083,450

				3,110,475

			Iron/Steel - 0.9%
			AK Steel Corp.
		760,000	7.63%, 05/15/2020		296,248
		1,015,000	7.63%, 10/01/2021		406,000
		840,000	8.38%, 04/01/2022		331,800


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 90.2% - (continued)
			Iron/Steel - 0.9% - (continued)
	$	1,130,000	Steel Dynamics, Inc. 5.50%, 10/01/2024	$	1,031,125
		1,811,000	United States Steel Corp. 7.38%, 04/01/2020		940,996

				3,006,169

			Machinery-Diversified - 0.9%
		2,386,000	Case New Holland Industrial, Inc. 7.88%, 12/01/2017		2,523,195
		445,000	CNH Industrial Capital LLC 4.38%, 11/06/2020		419,413

				2,942,608

			Media - 11.2%
			CCO Holdings LLC / CCO Holdings Capital Corp.
		120,000	5.13%, 02/15/2023		120,150
		245,000	5.13%, 05/01/2023⁽¹⁾		245,000
		95,000	5.25%, 09/30/2022		95,950
		545,000	5.75%, 09/01/2023		558,625
		105,000	5.75%, 01/15/2024		107,888
		3,077,000	7.38%, 06/01/2020		3,203,926
		1,355,000	CCO Safari II LLC 4.91%, 07/23/2025⁽¹⁾		1,353,682
		1,355,000	CCOH Safari LLC 5.75%, 02/15/2026⁽¹⁾		1,358,387
		4,305,000	Cequel Communications Holdings I LLC / Cequel Capital Corp. 5.13%, 12/15/2021⁽¹⁾		3,874,500
			DISH DBS Corp.
		2,170,000	5.00%, 03/15/2023		1,882,475
		2,150,000	5.88%, 07/15/2022		2,004,875
		945,000	6.75%, 06/01/2021		952,088
		2,016,000	7.88%, 09/01/2019		2,192,400
		996,000	Gray Television, Inc. 7.50%, 10/01/2020		1,023,390
		1,645,000	Liberty Interactive LLC 8.25%, 02/01/2030		1,636,775
		370,000	LIN Television Corp. 5.88%, 11/15/2022		368,150
		2,180,000	NBCUniversal Enterprise, Inc. 5.25%, 03/29/2049⁽¹⁾⁽⁴⁾		2,310,800
		1,955,000	Sirius XM Radio, Inc. 4.63%, 05/15/2023⁽¹⁾		1,915,900
			TEGNA, Inc.
		1,515,000	4.88%, 09/15/2021⁽¹⁾		1,518,787
		3,355,000	5.13%, 10/15/2019		3,472,425
		250,000	5.50%, 09/15/2024⁽¹⁾		250,000
		750,000	6.38%, 10/15/2023		791,250
		3,095,000	Tribune Media Co. 5.88%, 07/15/2022⁽¹⁾		3,095,000
		2,555,000	Unitymedia Hessen GmbH & Co. KG / Unitymedia NRW GmbH 5.50%, 01/15/2023⁽¹⁾		2,548,612

					36,881,035

			Office/Business Equipment - 1.2%
			CDW LLC / CDW Finance Corp.
		885,000	5.00%, 09/01/2023		898,275
		970,000	5.50%, 12/01/2024		1,016,075
		1,780,000	6.00%, 08/15/2022		1,877,900

				3,792,250

The accompanying notes are an integral part of these financial statements.


		111

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 90.2% - (continued)
			Oil & Gas - 8.7%
			Antero Resources Corp.
	$	810,000	5.63%, 06/01/2023⁽¹⁾	$	631,800
		2,340,000	6.00%, 12/01/2020		1,953,900
		2,120,000	Blue Racer Midstream LLC / Blue Racer Finance Corp. 6.13%, 11/15/2022⁽¹⁾		1,462,800
		1,475,000	Bonanza Creek Energy, Inc. 6.75%, 04/15/2021		892,375
			Concho Resources, Inc.
		1,910,000	5.50%, 10/01/2022		1,738,100
		325,000	5.50%, 04/01/2023		300,625
			Continental Resources, Inc.
		450,000	3.80%, 06/01/2024		316,992
		700,000	4.90%, 06/01/2044		422,083
		2,700,000	Diamondback Energy, Inc. 7.63%, 10/01/2021		2,727,000
		300,000	Energen Corp. 4.63%, 09/01/2021		267,000
		2,642,000	Everest Acquisition Finance, Inc. 9.38%, 05/01/2020		1,684,275
			Laredo Petroleum, Inc.
		740,000	5.63%, 01/15/2022		643,800
		1,360,000	6.25%, 03/15/2023		1,183,200
		600,000	7.38%, 05/01/2022		552,000
		380,000	Matador Resources Co. 6.88%, 04/15/2023		353,400
			MEG Energy Corp.
		900,000	6.38%, 01/30/2023⁽¹⁾		616,500
		1,940,000	7.00%, 03/31/2024⁽¹⁾		1,377,400
			Noble Energy, Inc.
		1,875,000	5.63%, 05/01/2021		1,834,101
		1,860,000	5.88%, 06/01/2022		1,769,418
		2,895,000	Paragon Offshore plc 6.75%, 07/15/2022⁽¹⁾		405,300
			QEP Resources, Inc.
		2,105,000	5.25%, 05/01/2023		1,494,550
		205,000	5.38%, 10/01/2022		147,600
		245,000	6.80%, 03/01/2020		220,500
		500,000	Range Resources Corp. 5.00%, 08/15/2022		373,750
		515,000	Rice Energy, Inc. 7.25%, 05/01/2023⁽¹⁾		375,950
			RSP Permian, Inc.
		1,085,000	6.63%, 10/01/2022⁽¹⁾		998,200
		55,000	6.63%, 10/01/2022		50,600
			Tullow Oil plc
		1,015,000	6.00%, 11/01/2020⁽¹⁾		705,425
		2,065,000	6.25%, 04/15/2022⁽¹⁾		1,383,550
			WPX Energy, Inc.
		1,420,000	5.25%, 09/15/2024		937,200
		950,000	6.00%, 01/15/2022		665,000

					28,484,394

			Packaging & Containers - 3.2%
		1,074,728	Ardagh Finance Holdings S.A. 8.63%, 06/15/2019⁽¹⁾⁽⁷⁾		1,059,273
			Ardagh Packaging Finance plc
		2,065,000	6.00%, 06/30/2021⁽¹⁾		1,925,613
		511,000	9.13%, 10/15/2020⁽¹⁾		526,330
			Ball Corp.
	EUR	315,000	3.50%, 12/15/2020		351,398
		420,000	4.38%, 12/15/2023		468,987


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 90.2% - (continued)
			Packaging & Containers - 3.2% - (continued)
	$	2,060,000	Berry Plastics Corp. 6.00%, 10/15/2022⁽¹⁾	$	2,098,625
			Owens-Brockway Glass Container, Inc.
		1,795,000	5.88%, 08/15/2023⁽¹⁾		1,821,925
		2,215,000	6.38%, 08/15/2025⁽¹⁾		2,275,912

				10,528,063

			Pharmaceuticals - 3.0%
			Endo Finance LLC
		561,000	6.00%, 07/15/2023⁽¹⁾		558,195
		3,075,000	6.00%, 02/01/2025⁽¹⁾		3,028,875
		1,908,000	PRA Holdings, Inc. 9.50%, 10/01/2023⁽¹⁾		2,074,950
		2,050,000	Quintiles Transnational Corp. 4.88%, 05/15/2023⁽¹⁾		2,060,250
			Valeant Pharmaceuticals International, Inc.
		1,320,000	5.50%, 03/01/2023⁽¹⁾		1,161,600
		1,265,000	5.88%, 05/15/2023⁽¹⁾		1,129,012

				10,012,882

			Pipelines - 1.3%
			Energy Transfer Equity L.P.
		2,745,000	5.50%, 06/01/2027		2,086,200
		1,773,000	7.50%, 10/15/2020		1,640,025
		450,000	Kinder Morgan Finance Co. 6.00%, 01/15/2018⁽¹⁾		453,718

				4,179,943

			REITS - 0.3%
		1,110,000	Equinix, Inc. 5.88%, 01/15/2026		1,143,300

			Retail - 2.5%
		1,595,000	CEC Entertainment, Inc. 8.00%, 02/15/2022		1,507,275
		1,465,000	Chinos Intermediate Holdings A, Inc. 7.75%, 05/01/2019⁽¹⁾⁽⁷⁾		366,250
		2,430,000	L Brands, Inc. 6.88%, 11/01/2035⁽¹⁾		2,496,825
		2,315,000	Michaels Stores, Inc. 5.88%, 12/15/2020⁽¹⁾		2,393,131
		1,440,000	Party City Holdings, Inc. 6.13%, 08/15/2023⁽¹⁾		1,396,800

					8,160,281

			Semiconductors - 2.5%
		2,515,000	Entegris, Inc. 6.00%, 04/01/2022⁽¹⁾		2,546,437
		3,560,000	Freescale Semiconductor, Inc. 6.00%, 01/15/2022⁽¹⁾		3,729,100
			Sensata Technologies B.V.
		1,185,000	5.00%, 10/01/2025⁽¹⁾		1,158,338
		775,000	5.63%, 11/01/2024⁽¹⁾		792,438

					8,226,313

			Shipbuilding - 0.1%
		440,000	Huntington Ingalls Industries, Inc. 5.00%, 11/15/2025⁽¹⁾		446,600

			Software - 7.7%
			Activision Blizzard, Inc.
		4,357,000	5.63%, 09/15/2021⁽¹⁾		4,563,957
		910,000	6.13%, 09/15/2023⁽¹⁾		964,600
		3,440,000	Audatex North America, Inc. 6.00%, 06/15/2021⁽¹⁾		3,465,800

The accompanying notes are an integral part of these financial statements.


		112

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 90.2% - (continued)
			Software - 7.7% - (continued)
			Emdeon, Inc.
	$	1,140,000	6.00%, 02/15/2021⁽¹⁾	$	1,060,200
		1,640,000	11.00%, 12/31/2019		1,709,700
			First Data Corp.
		2,935,000	5.38%, 08/15/2023⁽¹⁾		2,949,675
		4,106,000	5.75%, 01/15/2024⁽¹⁾		4,044,410
		1,815,000	7.00%, 12/01/2023⁽¹⁾		1,815,000
		2,870,000	Infor Software Parent LLC 7.13%, 05/01/2021⁽¹⁾⁽⁷⁾		2,073,575
		2,075,000	Infor U.S., Inc. 6.50%, 05/15/2022⁽¹⁾		1,753,375
			MSCI, Inc.
		196,000	5.25%, 11/15/2024⁽¹⁾		198,940
		625,000	5.75%, 08/15/2025⁽¹⁾		640,625

					25,239,857

			Telecommunications - 10.2%
			Alcatel-Lucent USA, Inc.
		2,681,000	6.45%, 03/15/2029		2,714,512
		765,000	6.50%, 01/15/2028		768,825
		653,000	6.75%, 11/15/2020⁽¹⁾		688,099
			Altice Financing S.A.
		885,000	6.50%, 01/15/2022⁽¹⁾		876,150
		380,000	6.63%, 02/15/2023⁽¹⁾		375,250
		1,500,000	7.88%, 12/15/2019⁽¹⁾		1,560,000
			Frontier Communications Corp.
		840,000	10.50%, 09/15/2022⁽¹⁾		836,850
		2,065,000	11.00%, 09/15/2025⁽¹⁾		2,044,350
			Level 3 Financing, Inc.
		970,000	5.13%, 05/01/2023⁽¹⁾		962,725
		2,515,000	5.38%, 08/15/2022		2,552,725
		920,000	5.63%, 02/01/2023		938,400
		1,820,000	SoftBank Group Corp. 4.50%, 04/15/2020⁽¹⁾		1,810,900
			Sprint Communications, Inc.
		507,000	7.00%, 03/01/2020⁽¹⁾		508,268
		3,092,000	9.00%, 11/15/2018⁽¹⁾		3,254,330
			Sprint Corp.
		2,495,000	7.25%, 09/15/2021		1,882,976
		2,005,000	7.88%, 09/15/2023		1,505,755
		3,470,000	Syniverse Holdings, Inc. 9.13%, 01/15/2019		1,570,175
			T-Mobile USA, Inc.
		330,000	6.13%, 01/15/2022		339,075
		2,490,000	6.46%, 04/28/2019		2,564,252
		1,425,000	6.63%, 11/15/2020		1,481,273
		635,000	6.63%, 04/28/2021		658,812
		375,000	6.73%, 04/28/2022		390,938
			Wind Acquisition Finance S.A.
	EUR	2,640,000	4.00%, 07/15/2020⁽¹⁾		2,854,674
	$	215,000	6.50%, 04/30/2020⁽¹⁾		224,944

					33,364,258


			Total Corporate Bonds (cost $320,146,974)	$	296,082,713



SENIOR FLOATING RATE INTERESTS - 1.5%⁽⁸⁾
			Electric - 0.4%
	$	4,525,000	Texas Competitive Electric Holdings Co. LLC 4.73%, 10/10/2017⁽⁹⁾	$	1,395,963


Shares or Principal Amount				Market Value^†
SENIOR FLOATING RATE INTERESTS - 1.5%⁽⁸⁾ - (continued)
			Insurance - 0.2%
	$	550,000	Asurion LLC 8.50%, 03/03/2021	$	466,125

			Internet - 0.3%
		1,286,182	Lands’ End, Inc. 4.25%, 04/04/2021		1,106,116

			Machinery-Diversified - 0.3%
		979,675	Gardner Denver, Inc. 4.25%, 07/30/2020		879,014

			Retail - 0.3%
		1,178,862	Neiman Marcus Group, Inc. 4.25%, 10/25/2020		1,040,345


			Total Senior Floating Rate Interests (cost $7,296,690)	$	4,887,563


CONVERTIBLE BONDS - 0.5%
			Home Builders - 0.2%
	$	566,000	M/I Homes, Inc. 3.00%, 03/01/2018	$	553,265

			Oil & Gas - 0.3%
		1,790,000	Cobalt International Energy, Inc. 2.63%, 12/01/2019		1,003,519


			Total Convertible Bonds (cost $2,493,443)	$	1,556,784


COMMON STOCKS - 0.3%
			Energy - 0.3%
		206,275,142	KCA Deutag^*(3)(10)	$	921,843


			Total Common Stocks (cost $2,795,441)	$	921,843


PREFERRED STOCKS - 0.9%
			Diversified Financials - 0.9%
		120,700	GMAC Capital Trust I Series 2	$	3,060,952


			Total Preferred Stocks (cost $2,866,999)	$	3,060,952


			Total Long-Term Investments (cost $338,078,505)	$	306,509,855


SHORT-TERM INVESTMENTS - 5.7%
			Other Investment Pools & Funds - 5.7%
		18,765,395	Fidelity Money Market Class 1	$	18,765,395


			Total Short-Term Investments (cost $18,765,395)	$	18,765,395



Total Investments (cost $356,843,900)^	99.1	%	$	325,275,250
Other Assets and Liabilities	0.9	%		3,050,860

Total Net Assets	100.0	%	$	328,326,110

The accompanying notes are an integral part of these financial statements.


		113

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

Equity Industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $357,045,579 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	5,021,574
Unrealized Depreciation		(36,791,903)

Net Unrealized Depreciation	$	(31,770,329)

*	Non-income producing.

⁽¹⁾

Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2015, the aggregate value of these securities was $137,071,364, which represents 41.7% of total net assets.

⁽²⁾	Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal.

⁽³⁾

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At December 31, 2015, the aggregate fair value of these securities was $921,843, which represents 0.3% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

⁽⁴⁾	Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

⁽⁵⁾

These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2015, the aggregate value of these securities was $4,979,458, which represents 1.5% of total net assets.

⁽⁶⁾	Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2015.

⁽⁷⁾	This security may pay interest in additional principal instead of cash.

⁽⁸⁾

Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. Unless otherwise noted, the interest rate disclosed for these securities represents the average coupon as of December 31, 2015.

⁽⁹⁾	The issuer is in bankruptcy. However, the investment held by the Fund is current with respect to interest payments.

⁽¹⁰⁾

The following security is considered illiquid. Illiquid securities are often purchased in private placement transactions, are often not registered under the Securities Act of 1933, as amended, and may have contractual restrictions on resale. A security may also be considered illiquid if the security lacks a readily available market or if its valuation has not changed for a certain period of time.


Period Acquired	Shares/Par		Security	Cost
03/2011		206,275,142	KCA Deutag	$	2,795,441

The accompanying notes are an integral part of these financial statements.


		114

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2015

At December 31, 2015, the aggregate value of these securities was $921,843, which represents 0.3% of total net assets.


Centrally Cleared Credit Default Swap Contracts Outstanding at December 31, 2015
Reference Entity	Notional Amount^(a)			(Pay)/Receive Fixed Rate		Expiration Date		Cost Basis		Market Value^†		Unrealized Appreciation/ (Depreciation)
Credit default swaps on indices:
Sell protection:
CDX.NA.HY.25		USD	7,675,000		5.00%		12/20/20	$	170,986	$	102,730	$	(68,256	)

Total								$	170,986	$	102,730	$	(68,256	)

^(a)	The maximum potential amount the Fund could be required to pay as a seller of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.


Foreign Currency Contracts Outstanding at December 31, 2015
Currency	Buy/Sell	Delivery Date		Counterparty	Contract Amount		Market Value^†		Unrealized Appreciation/ (Depreciation)
EUR	Buy		01/29/16	BNP	$	386,726	$	386,081	$	(645	)
EUR	Sell		01/29/16	BOA		6,981,308		6,916,833		64,475

Total									$	63,830

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Counterparty Abbreviations:
BNP		BNP Paribas Securities Services
BOA		Banc of America Securities LLC

Currency Abbreviations:
EUR		Euro
USD		United States Dollar

Index Abbreviations:
CDX.NA.HY		Credit Derivatives North American High Yield

Other Abbreviations:
LIBOR		London Interbank Offered Rate

The accompanying notes are an integral part of these financial statements.


		115

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total			Level 1⁽¹⁾		Level 2⁽¹⁾			Level 3
Assets
Asset & Commercial Mortgage Backed Securities	$	—		$	—	$	—		$	—
Corporate Bonds		296,082,713			—		296,082,713			—
Senior Floating Rate Interests		4,887,563			—		4,887,563			—
Convertible Bonds		1,556,784			—		1,556,784			—
Common Stocks
Energy		921,843			—		—			921,843
Preferred Stocks		3,060,952			3,060,952		—			—
Short-Term Investments		18,765,395			18,765,395		—			—
Foreign Currency Contracts⁽²⁾		64,475			—		64,475			—

Total	$	325,339,725		$	21,826,347	$	302,591,535		$	921,843


Liabilities
Foreign Currency Contracts⁽²⁾	$	(645	)	$	—	$	(645	)	$	—
Swaps - Credit Default⁽²⁾		(68,256	)		—		(68,256	)		—

Total	$	(68,901	)	$	—	$	(68,901	)	$	—

⁽¹⁾	For the year ended December 31, 2015, there were no transfers between Level 1 and Level 2.

⁽²⁾	Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2015:


	Common Stocks		Total
Beginning balance	$	423,689	$	423,689
Purchases		—		—
Sales		—		—
Accrued discounts/(premiums)		—		—
Total realized gain/(loss)		—		—
Net change in unrealized appreciation/depreciation		498,154		498,154
Transfers into Level 3⁽¹⁾		—		—
Transfers out of Level 3⁽¹⁾		—		—

Ending balance	$	921,843	$	921,843

The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at December 31, 2015 was $498,154.

⁽¹⁾	Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		116

Hartford International Opportunities HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.0%
		Belgium - 1.9%
	203,754	Anheuser-Busch InBev N.V.	$	25,356,601

		Brazil - 0.2%
	387,010	BB Seguridade Participacoes S.A.		2,380,020

		Canada - 6.3%
	450,865	Canadian National Railway Co.		25,203,735
	449,500	Canadian Natural Resources Ltd.		9,817,077
	388,810	Imperial Oil Ltd.		12,667,164
	293,100	Magna International, Inc.		11,887,528
	707,070	TransCanada Corp.		23,092,067

				82,667,571

		China - 6.2%
	248,398	Alibaba Group Holding Ltd. ADR*		20,187,306
	48,526	Baidu, Inc. ADR*		9,173,355
	6,089,000	China Life Insurance Co., Ltd. Class H		19,546,887
	10,068,000	CNOOC Ltd.		10,478,526
	1,779,260	ENN Energy Holdings Ltd.		9,438,281
	177,790	Hollysys Automation Technologies Ltd.		3,943,382
	4,800,000	PICC Property & Casualty Co., Ltd. Class H		9,472,869

				82,240,606

		Denmark - 0.4%
	155,776	H. Lundbeck A/S*		5,319,014

		Finland - 0.3%
	95,497	Kone Oyj Class B		4,043,444

		France - 12.5%
	21,936	Air Liquide S.A.		2,462,678
	374,016	Airbus Group SE		25,203,934
	496,349	BNP Paribas S.A.		28,082,096
	219,047	Essilor International S.A.		27,301,108
	265,020	Groupe Eurotunnel SE		3,297,134
	64,519	Legrand S.A.		3,649,533
	326,068	Schneider Electric SE		18,521,943
	502,695	Total S.A.		22,536,504
	70,726	Unibail-Rodamco SE REIT		17,959,522
	98,363	Valeo S.A.		15,165,076

				164,179,528

		Germany - 6.4%
	75,684	adidas AG		7,345,815
	294,116	Beiersdorf AG		26,732,596
	172,387	Brenntag AG		8,982,693
	41,562	Continental AG		10,054,254
	225,574	Schaeffler AG (Preference Shares)*		3,983,566
	891,299	Vonovia SE		27,534,967

				84,633,891

		Greece - 0.7%
	2,186,243	Alpha Bank A.E.*		5,858,870
	2,752,328	Eurobank Ergasias S.A.*		3,083,424

				8,942,294

		Hong Kong - 0.8%
	438,707	Hong Kong Exchanges and Clearing Ltd.		11,175,968

		India - 5.2%
	1,433,213	Bharti Infratel Ltd.		9,246,951
	77,518	Divi’s Laboratories Ltd.		1,350,616
	84,980	HDFC Bank Ltd. ADR		5,234,768
	5,821,587	ICICI Bank Ltd.		22,993,717
	56,100	ICICI Bank Ltd. ADR		439,263
	108,442	Maruti Suzuki India Ltd.		7,552,032


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.0% - (continued)
		India - 5.2% - (continued)
	971,300	Power Grid Corp. of India Ltd.	$	2,066,967
	3,346,882	State Bank of India		11,309,995
	222,129	Tata Consultancy Services Ltd.		8,166,254

				68,360,563

		Ireland - 1.1%
	503,301	CRH plc		14,571,421

		Italy - 5.1%
	1,082,092	Assicurazioni Generali S.p.A.		19,766,234
	259,273	Banca Generali S.p.A.		8,155,688
	716,526	FinecoBank Banca Fineco S.p.A.		5,891,922
	4,333,746	Intesa Sanpaolo S.p.A.		14,392,365
	212,450	Luxottica Group S.p.A.		13,844,314
	1,032,202	Snam S.p.A.		5,386,995

				67,437,518

		Japan - 16.9%
	553,460	Asics Corp.		11,482,907
	219,280	Daito Trust Construction Co., Ltd.		25,329,141
	121,845	Daiwa House Industry Co., Ltd.		3,502,598
	326,210	Eisai Co., Ltd.		21,579,035
	544,700	Honda Motor Co., Ltd.		17,409,436
	144,410	M3, Inc.		2,994,223
	3,197,000	NEC Corp.		10,129,754
	458,700	Nippon Telegraph & Telephone Corp.		18,255,395
	190,505	Olympus Corp.		7,499,928
	183,200	Omron Corp.		6,109,152
	184,645	Ono Pharmaceutical Co., Ltd.		32,924,358
	539,230	Seven & I Holdings Co., Ltd.		24,688,406
	547,700	Sumco Corp.		4,132,121
	370,800	Sumitomo Mitsui Financial Group, Inc.		13,994,375
	365,160	T&D Holdings, Inc.		4,817,750
	281,105	Takeda Pharmaceutical Co., Ltd.		14,015,741
	115,033	Tokio Marine Holdings, Inc.		4,443,104

				223,307,424

		Netherlands - 2.3%
	190,340	AerCap Holdings N.V.*		8,215,074
	260,302	NXP Semiconductors N.V.*		21,930,444

				30,145,518

		Russia - 1.4%
	230,122	MegaFon PJSC GDR		2,680,921
	2,455,100	Sberbank of Russia PJSC ADR		14,215,029
	135,550	Yandex N.V. Class A*		2,130,846

				19,026,796

		South Korea- 1 .3%
	79,712	Korea Electric Power Corp.		3,377,173
	525,673	SK Hynix, Inc.		13,579,678

				16,956,851

		Spain - 2.6%
	3,971,947	CaixaBank S.A.		13,824,797
	581,241	Industria de Diseno Textil S.A.		19,968,015

				33,792,812

		Sweden - 1.9%
	606,321	Assa Abloy AB Class B		12,691,938
	329,774	Hennes & Mauritz AB Class B		11,730,154

				24,422,092

The accompanying notes are an integral part of these financial statements.


		117

Hartford International Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.0% - (continued)
		Switzerland - 7.1%
	67,642	Adecco S.A.	$	4,629,600
	136,101	Cie Financiere Richemont S.A.		9,741,147
	276,501	Julius Baer Group Ltd.*		13,376,331
	395,042	Novartis AG		33,981,224
	60,239	Roche Holding AG		16,692,732
	756,124	UBS Group AG		14,668,398

				93,089,432

		Taiwan - 2.6%
	8,043,035	Taiwan Semiconductor Manufacturing Co., Ltd.		34,699,586

		United Kingdom - 13.8%
	534,249	AstraZeneca plc		36,087,084
	68,248	Derwent London plc REIT		3,691,362
	304,640	Diageo plc		8,319,029
	179,716	Hikma Pharmaceuticals plc		6,092,276
	743,398	International Consolidated Airlines Group S.A.		6,683,937
	324,820	Markit, Ltd.*		9,799,819
	211,531	Schroders plc		9,264,840
	2,160,765	Sky plc		35,420,866
	1,495,438	Smith & Nephew plc		26,651,794
	575,929	Unilever N.V.		25,101,348
	652,076	WPP plc		14,998,901

				182,111,256


		Total Common Stocks (cost $1,254,186,030)	$	1,278,860,206


		Total Long-Term Investments (cost $1,254,186,030)	$	1,278,860,206


SHORT-TERM INVESTMENTS - 2.9%
		Other Investment Pools & Funds - 2.9%
	37,642,203	BlackRock Liquidity Funds TempFund Portfolio	$	37,642,203


		Total Short-Term Investments (cost $37,642,203)	$	37,642,203



Total Investments (cost $1,291,828,233)^	99.9	%	$	1,316,502,409
Other Assets and Liabilities	0.1	%		1,285,529

Total Net Assets	100.0	%	$	1,317,787,938

The accompanying notes are an integral part of these financial statements.


		118

Hartford International Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $1,294,168,697 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	99,770,805
Unrealized Depreciation		(77,437,093	)

Net Unrealized Appreciation	$	22,333,712

*	Non-income producing.

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt
GDR		Global Depositary Receipt
PJSC		Private Joint Stock Company
REIT		Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.


		119

Hartford International Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total		Level 1⁽¹⁾		Level 2⁽¹⁾		Level 3
Assets
Common Stocks
Belgium	$	25,356,601	$	—	$	25,356,601	$	—
Brazil		2,380,020		2,380,020		—		—
Canada		82,667,571		82,667,571		—		—
China		82,240,606		33,304,043		48,936,563		—
Denmark		5,319,014		—		5,319,014		—
Finland		4,043,444		—		4,043,444		—
France		164,179,528		—		164,179,528		—
Germany		84,633,891		3,983,566		80,650,325		—
Greece		8,942,294		—		8,942,294		—
Hong Kong		11,175,968		—		11,175,968		—
India		68,360,563		5,674,031		62,686,532		—
Ireland		14,571,421		—		14,571,421		—
Italy		67,437,518		—		67,437,518		—
Japan		223,307,424		—		223,307,424		—
Netherlands		30,145,518		30,145,518		—		—
Russia		19,026,796		19,026,796		—		—
South Korea		16,956,851		—		16,956,851		—
Spain		33,792,812		—		33,792,812		—
Sweden		24,422,092		—		24,422,092		—
Switzerland		93,089,432		—		93,089,432		—
Taiwan		34,699,586		—		34,699,586		—
United Kingdom		182,111,256		34,901,167		147,210,089		—
Short-Term Investments		37,642,203		37,642,203		—		—

Total	$	1,316,502,409	$	249,724,915	$	1,066,777,494	$	—

⁽¹⁾	For the year ended December 31, 2015, investments valued at $25,017,546 were transferred from Level 1 to Level 2, and there were no transfers from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

^a)

^b)

Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		120

Hartford MidCap HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.8%
		Automobiles & Components - 1.2%
	450,171	Harley-Davidson, Inc.	$	20,433,262

		Banks - 4.4%
	93,275	Cullen/Frost Bankers, Inc.		5,596,500
	199,653	East West Bancorp, Inc.		8,297,579
	15,828	First Citizens BancShares, Inc. Class A		4,086,315
	325,138	First Republic Bank		21,478,616
	306,929	M&T Bank Corp.		37,193,656

				76,652,666

		Capital Goods - 7.3%
	689,527	Allison Transmission Holdings, Inc.		17,851,854
	211,239	Colfax Corp.*		4,932,431
	354,465	Fastenal Co.		14,469,261
	354,522	IDEX Corp.		27,159,930
	74,175	Jacobs Engineering Group, Inc.*		3,111,641
	257,242	Lennox International, Inc.		32,129,526
	264,162	MSC Industrial Direct Co., Inc. Class A		14,864,396
	278,200	PACCAR, Inc.		13,186,680

				127,705,719

		Commercial & Professional Services - 11.0%
	308,747	Clean Harbors, Inc.*		12,859,312
	401,242	Equifax, Inc.		44,686,321
	422,905	ManpowerGroup, Inc.		35,646,662
	716,219	Robert Half International, Inc.		33,762,564
	52,560	Towers Watson & Co. Class A		6,751,858
	603,454	TransUnion*		16,637,227
	562,517	TriNet Group, Inc.*		10,884,704
	561,346	Waste Connections, Inc.		31,615,007

				192,843,655

		Consumer Durables & Apparel - 3.0%
	194,032	Harman International Industries, Inc.		18,279,755
	19,326	NVR, Inc.*		31,752,618
	40,033	Tempur Sealy International, Inc.*		2,820,725

				52,853,098

		Consumer Services - 1.1%
	278,056	Choice Hotels International, Inc.		14,016,803
	77,110	Wynn Resorts Ltd.		5,335,241

				19,352,044

		Diversified Financials - 6.2%
	147,273	Factset Research Systems, Inc.		23,942,172
	244,969	Invesco Ltd.		8,201,562
	149,180	Moody’s Corp.		14,968,721
	303,560	MSCI, Inc.		21,895,783
	271,366	Northern Trust Corp.		19,562,775
	377,400	SEI Investments Co.		19,775,760

				108,346,773

		Energy - 5.6%
	102,455	Cimarex Energy Co.		9,157,428
	1,297,170	Cobalt International Energy, Inc.*		7,004,718
	163,137	Diamondback Energy, Inc.*		10,913,865
	286,994	Energen Corp.		11,763,884
	592,606	Memorial Resource Development Corp.*		9,570,587
	327,469	Newfield Exploration Co.*		10,662,391
	528,186	Patterson-UTI Energy, Inc.		7,965,045
	82,653	Pioneer Natural Resources Co.		10,363,033
	913,553	QEP Resources, Inc.		12,241,610
	224,354	World Fuel Services Corp.		8,628,655

				98,271,216


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.8% - (continued)
		Food & Staples Retailing - 0.7%
	154,394	PriceSmart, Inc.	$	12,813,158

		Health Care Equipment & Services - 8.9%
	667,033	Envision Healthcare Holdings, Inc.*		17,322,847
	773,306	IMS Health Holdings, Inc.*		19,696,104
	307,333	MEDNAX, Inc.*		22,023,483
	473,468	Patterson Cos., Inc.		21,405,488
	257,249	Sirona Dental Systems, Inc.*		28,186,773
	23,101	STERIS plc		1,740,429
	315,970	Team Health Holdings, Inc.*		13,867,923
	147,324	Universal Health Services, Inc. Class B		17,603,745
	176,676	Varian Medical Systems, Inc.*		14,275,421

				156,122,213

		Insurance - 6.1%
	37,555	Alleghany Corp.*		17,948,661
	43,047	Fairfax Financial Holdings Ltd.		20,436,514
	46,902	Markel Corp.*		41,430,882
	18,847	White Mountains Insurance Group Ltd.		13,698,188
	247,783	WR Berkley Corp.		13,566,119

				107,080,364

		Materials - 3.2%
	247,563	Ball Corp.		18,005,257
	223,030	Packaging Corp. of America		14,062,042
	45,689	Sherwin-Williams Co.		11,860,864
	236,047	Silgan Holdings, Inc.		12,680,445

				56,608,608

		Pharmaceuticals, Biotechnology & Life Sciences - 7.5%
	163,056	Agios Pharmaceuticals, Inc.*		10,585,596
	459,888	Alkermes plc*		36,505,909
	97,723	Alnylam Pharmaceuticals, Inc.*		9,199,643
	830,884	Ironwood Pharmaceuticals, Inc.*		9,629,946
	108,058	Jazz Pharmaceuticals plc*		15,188,632
	79,973	Mettler-Toledo International, Inc.*		27,121,244
	173,140	Waters Corp.*		23,301,181

				131,532,151

		Retailing - 6.0%
	245,094	Advance Auto Parts, Inc.		36,889,098
	499,449	CarMax, Inc.*		26,955,263
	230,566	Tiffany & Co.		17,589,880
	279,638	TripAdvisor, Inc.*		23,839,139

				105,273,380

		Semiconductors & Semiconductor Equipment - 1.4%
	199,931	First Solar, Inc.*		13,193,447
	394,585	SunPower Corp.*		11,841,496

				25,034,943

		Software & Services - 12.3%
	490,652	Akamai Technologies, Inc.*		25,823,015
	163,698	Cadence Design Systems, Inc.*		3,406,555
	2,034,725	Genpact Ltd.*		50,827,430
	350,003	Global Payments, Inc.		22,578,694
	251,240	Guidewire Software, Inc.*		15,114,598
	861,074	Vantiv, Inc. Class A*		40,832,129
	270,772	VeriSign, Inc.*		23,654,642
	223,855	WEX, Inc.*		19,788,782
	180,413	Zillow Group, Inc. Class A*		4,697,955
	355,178	Zillow Group, Inc. Class C*		8,339,579

				215,063,379

The accompanying notes are an integral part of these financial statements.


		121

Hartford MidCap HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.8% - (continued)
		Technology Hardware & Equipment - 6.9%
	400,066	Amphenol Corp. Class A	$	20,895,447
	130,029	Arista Networks, Inc.*		10,121,457
	491,644	CDW Corp. of Delaware		20,668,714
	175,211	FEI Co.		13,980,086
	895,550	National Instruments Corp.		25,693,330
	528,701	Nimble Storage, Inc.*		4,864,049
	210,554	Pure Storage, Inc. Class A*		3,278,326
	975,314	Trimble Navigation Ltd.*		20,920,485

				120,421,894

		Transportation - 4.9%
	171,792	Alaska Air Group, Inc.		13,830,974
	35,491	AMERCO		13,823,744
	360,808	Genesee & Wyoming, Inc. Class A*		19,371,782
	269,578	J.B. Hunt Transport Services, Inc.		19,776,242
	755,808	JetBlue Airways Corp.*		17,119,051
	41,427	Spirit Airlines, Inc.*		1,650,866

				85,572,659

		Utilities - 2.1%
	138,006	Eversource Energy		7,047,966
	645,543	UGI Corp.		21,793,532
	175,071	WEC Energy Group, Inc.		8,982,893

				37,824,391


		Total Common Stocks (cost $1,491,358,246)	$	1,749,805,573


		Total Long-Term Investments (cost $1,491,358,246)	$	1,749,805,573


SHORT-TERM INVESTMENTS - 0.2%
		Other Investment Pools & Funds - 0.2%
	2,985,735	Fidelity Money Market Class 1	$	2,985,735


		Total Short-Term Investments (cost $2,985,735)	$	2,985,735



Total Investments (cost $1,494,343,981)^	100.0	%	$	1,752,791,308
Other Assets and Liabilities	0.0	%		(681,057	)

Total Net Assets	100.0%		$	1,752,110,251

The accompanying notes are an integral part of these financial statements.


		122

Hartford MidCap HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $1,497,406,292 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	371,041,475
Unrealized Depreciation		(115,656,459	)

Net Unrealized Appreciation	$	255,385,016

*	Non-income producing.

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.

The accompanying notes are an integral part of these financial statements.


		123

Hartford MidCap HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total		Level 1⁽¹⁾		Level 2⁽¹⁾		Level 3
Assets
Common Stocks
Automobiles & Components	$	20,433,262	$	20,433,262	$	—	$	—
Banks		76,652,666		76,652,666		—		—
Capital Goods		127,705,719		127,705,719		—		—
Commercial & Professional Services		192,843,655		192,843,655		—		—
Consumer Durables & Apparel		52,853,098		52,853,098		—		—
Consumer Services		19,352,044		19,352,044		—		—
Diversified Financials		108,346,773		108,346,773		—		—
Energy		98,271,216		98,271,216		—		—
Food & Staples Retailing		12,813,158		12,813,158		—		—
Health Care Equipment & Services		156,122,213		156,122,213		—		—
Insurance		107,080,364		107,080,364		—		—
Materials		56,608,608		56,608,608		—		—
Pharmaceuticals, Biotechnology & Life Sciences		131,532,151		131,532,151		—		—
Retailing		105,273,380		105,273,380		—		—
Semiconductors & Semiconductor Equipment		25,034,943		25,034,943		—		—
Software & Services		215,063,379		215,063,379		—		—
Technology Hardware & Equipment		120,421,894		120,421,894		—		—
Transportation		85,572,659		85,572,659		—		—
Utilities		37,824,391		37,824,391		—		—
Short-Term Investments		2,985,735		2,985,735		—		—

Total	$	1,752,791,308	$	1,752,791,308	$	—	$	—

⁽¹⁾	For the year ended December 31, 2015, there were no transfers between Level 1 and Level 2.

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		124

Hartford MidCap Value HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.6%
		Automobiles & Components - 0.7%
	85,312	Goodyear Tire & Rubber Co.	$	2,787,143

		Banks - 10.0%
	161,785	BankUnited, Inc.		5,833,967
	54,501	CIT Group, Inc.		2,163,690
	181,293	Comerica, Inc.		7,583,486
	155,102	EverBank Financial Corp.		2,478,530
	102,709	IBERIABANK Corp.		5,656,185
	139,633	Provident Financial Services, Inc.		2,813,605
	45,197	South State Corp.		3,251,924
	308,601	Zions Bancorporation		8,424,807

				38,206,194

		Capital Goods - 11.8%
	162,700	Barnes Group, Inc.		5,757,953
	63,347	Curtiss-Wright Corp.		4,339,269
	60,653	Esterline Technologies Corp.*		4,912,893
	133,027	Generac Holdings, Inc.*		3,960,214
	73,306	Hubbell, Inc. Class B		7,406,838
	95,217	Moog, Inc. Class A*		5,770,150
	10,272	Orbital ATK, Inc.		917,700
	159,541	Rexel S.A.		2,124,411
	578,285	Sanwa Holdings Corp.		4,573,658
	93,934	Sensata Technologies Holding N.V.*		4,326,600
	23,595	WESCO International, Inc.*		1,030,630

				45,120,316

		Consumer Durables & Apparel - 8.4%
	132,494	D.R. Horton, Inc.		4,243,783
	23,595,130	Global Brands Group Holding Ltd.*		4,468,183
	141,637	Lennar Corp. Class A		6,927,466
	106,230	Newell Rubbermaid, Inc.		4,682,618
	461,047	Performance Sports Group Ltd.*		4,439,883
	120,749	PulteGroup, Inc.		2,151,747
	758,760	Samsonite International S.A.		2,273,986
	88,141	Toll Brothers, Inc.*		2,935,095

				32,122,761

		Consumer Services - 2.0%
	129,225	Norwegian Cruise Line Holdings Ltd.*		7,572,585

		Diversified Financials - 2.7%
	104,832	Markit, Ltd.*		3,162,782
	74,946	MSCI, Inc.		5,405,855
	27,500	Raymond James Financial, Inc.		1,594,175
	451,900	Solar Cayman Ltd.*^(1)(2)(3)		97,610

				10,260,422

		Energy - 5.8%
	416,400	Cobalt International Energy, Inc.*		2,248,560
	115,067	Diamondback Energy, Inc.*		7,697,982
	49,808	Energen Corp.		2,041,630
	28,685	HollyFrontier Corp.		1,144,245
	164,786	Newfield Exploration Co.*		5,365,432
	270,779	QEP Resources, Inc.		3,628,439
	258,900	Trican Well Service Ltd.*		119,748

				22,246,036

		Food, Beverage & Tobacco - 1.7%
	68,157	Ingredion, Inc.		6,532,167

		Health Care Equipment & Services - 1.5%
	117,404	Brookdale Senior Living, Inc.*		2,167,278
	132,594	Envision Healthcare Holdings, Inc.*		3,443,466

				5,610,744


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.6% - (continued)
		Insurance - 9.5%
	83,475	Argo Group International Holdings Ltd.	$	4,995,144
	201,620	CNO Financial Group, Inc.		3,848,926
	62,328	Hanover Insurance Group, Inc.		5,069,759
	90,609	Reinsurance Group of America, Inc.		7,751,600
	245,226	Unum Group		8,163,574
	171,104	XL Group plc		6,703,855

				36,532,858

		Materials - 8.8%
	89,574	Bemis Co., Inc.		4,003,062
	118,774	Cabot Corp.		4,855,481
	63,096	Celanese Corp. Series A		4,248,254
	186,851	Huntsman Corp.		2,124,496
	102,834	KapStone Paper & Packaging Corp.		2,323,020
	392,432	Louisiana-Pacific Corp.*		7,067,700
	189,403	Methanex Corp.		6,252,193
	21,572	Packaging Corp. of America		1,360,115
	88,975	Steel Dynamics, Inc.		1,589,983

				33,824,304

		Media - 2.3%
	205,503	Interpublic Group of Cos., Inc.		4,784,110
	160,985	Quebecor, Inc. Class B		3,941,730

				8,725,840

		Pharmaceuticals, Biotechnology & Life Sciences - 3.2%
	188,502	Almirall S.A.		3,809,833
	47,760	Ono Pharmaceutical Co., Ltd.		8,516,165

				12,325,998

		Real Estate - 10.0%
	145,218	American Assets Trust, Inc. REIT		5,569,110
	95,875	Blackstone Mortgage Trust, Inc. Class A REIT		2,565,615
	121,091	Equity LifeStyle Properties, Inc. REIT		8,073,137
	88,883	Extra Space Storage, Inc. REIT		7,840,370
	244,551	Forest City Enterprises, Inc. Class A*		5,363,003
	55,791	PS Business Parks, Inc. REIT		4,877,807
	36,998	SL Green Realty Corp. REIT		4,180,034

				38,469,076

		Retailing - 1.4%
	224,998	DSW, Inc. Class A		5,368,452

		Semiconductors & Semiconductor Equipment - 5.1%
	212,460	Microsemi Corp.*		6,924,071
	94,744	Qorvo, Inc.*		4,822,470
	105,172	Silicon Motion Technology Corp. ADR		3,298,194
	54,907	Synaptics, Inc.*		4,411,228

				19,455,963

		Software & Services - 3.0%
	172,262	Booz Allen Hamilton Holding Corp.		5,314,282
	152,396	Verint Systems, Inc.*		6,181,182

				11,495,464

		Technology Hardware & Equipment - 3.1%
	134,775	ARRIS Group, Inc.*		4,120,072
	141,012	Arrow Electronics, Inc.*		7,640,030

				11,760,102

		Telecommunication Services - 0.5%
	35,131	Millicom International Cellular S.A.		2,015,820

		Transportation - 1.1%
	77,472	Genesee & Wyoming, Inc. Class A*		4,159,472

The accompanying notes are an integral part of these financial statements.


		125

Hartford MidCap Value HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.6% - (continued)
		Utilities - 6.0%
	69,825	Alliant Energy Corp.	$	4,360,571
	142,161	Great Plains Energy, Inc.		3,882,417
	137,610	Portland General Electric Co.		5,004,875
	199,663	UGI Corp.		6,740,623
	71,553	Westar Energy, Inc.		3,034,564

				23,023,050


		Total Common Stocks (cost $330,002,637)	$	377,614,767


		Total Long-Term Investments (cost $330,002,637)	$	377,614,767


SHORT-TERM INVESTMENTS - 1.3%
		Other Investment Pools & Funds - 1.3%
	4,804,796	Federated Prime Obligations Fund	$	4,804,796


		Total Short-Term Investments (cost $4,804,796)	$	4,804,796



Total Investments (cost $334,807,433)^	99.9	%	$	382,419,563
Other Assets and Liabilities	0.1	%		474,547

Total Net Assets	100.0	%	$	382,894,110

The accompanying notes are an integral part of these financial statements.


		126

Hartford MidCap Value HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $336,744,054 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	70,208,127
Unrealized Depreciation		(24,532,618	)

Net Unrealized Appreciation	$	45,675,509

*	Non-income producing.

⁽¹⁾

This security is valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At December 31, 2015, the aggregate fair value of this security was $97,610, which represents 0.0% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

⁽²⁾

Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, this holding is determined to be liquid. At December 31, 2015, the aggregate value of this security was $97,610, which represents 0.0% of total net assets.

⁽³⁾


Period Acquired	Shares/Par		Security	Cost
03/2007		451,900	Solar Cayman Ltd.	$	132,446

At December 31, 2015, the aggregate value of these securities was $97,610, which represents 0.0% of total net assets.

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt
REIT		Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.


		127

Hartford MidCap Value HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total		Level 1⁽¹⁾		Level 2⁽¹⁾		Level 3
Assets
Common Stocks
Automobiles & Components	$	2,787,143	$	2,787,143	$	—	$	—
Banks		38,206,194		38,206,194		—		—
Capital Goods		45,120,316		38,422,247		6,698,069		—
Consumer Durables & Apparel		32,122,761		25,380,592		6,742,169		—
Consumer Services		7,572,585		7,572,585		—		—
Diversified Financials		10,260,422		10,162,812		—		97,610
Energy		22,246,036		22,246,036		—		—
Food, Beverage & Tobacco		6,532,167		6,532,167		—		—
Health Care Equipment & Services		5,610,744		5,610,744		—		—
Insurance		36,532,858		36,532,858		—		—
Materials		33,824,304		33,824,304		—		—
Media		8,725,840		8,725,840		—		—
Pharmaceuticals, Biotechnology & Life Sciences		12,325,998		—		12,325,998		—
Real Estate		38,469,076		38,469,076		—		—
Retailing		5,368,452		5,368,452		—		—
Semiconductors & Semiconductor Equipment		19,455,963		19,455,963		—		—
Software & Services		11,495,464		11,495,464		—		—
Technology Hardware & Equipment		11,760,102		11,760,102		—		—
Telecommunication Services		2,015,820		—		2,015,820		—
Transportation		4,159,472		4,159,472		—		—
Utilities		23,023,050		23,023,050		—		—
Short-Term Investments		4,804,796		4,804,796		—		—

Total	$	382,419,563	$	354,539,897	$	27,782,056	$	97,610

⁽¹⁾	For the year ended December 31, 2015, there were no transfers between Level 1 and Level 2.

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2015:


	Common Stocks		Total
Beginning balance	$	31,633	$	31,633
Purchases		—		—
Sales		—		—
Accrued discounts/(premiums)		—		—
Total realized gain/(loss)		—		—
Net change in unrealized appreciation/depreciation		65,977		65,977
Transfers into Level 3⁽¹⁾		—		—
Transfers out of Level 3⁽¹⁾		—		—

Ending balance	$	97,610	$	97,610

The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at December 31, 2015 was $65,977.

⁽¹⁾	Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

^a)

Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

^b)

Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

^c)

Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		128

Hartford Small Company HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 91.6%
		Automobiles & Components - 0.0%
	6,135	Tenneco, Inc.*	$	281,658
	270	Tesla Motors, Inc.*		64,803

				346,461

		Banks - 4.9%
	2,154	Ameris Bancorp		73,215
	917,190	Associated Banc-Corp		17,197,313
	1,346	Bank of Marin Bancorp		71,876
	3,952	BBCN Bancorp, Inc.		68,053
	5,145	Blue Hills Bancorp, Inc.		78,770
	599,296	EverBank Financial Corp.		9,576,750
	4,451	FCB Financial Holdings, Inc. Class A*		159,301
	9,686	First Merchants Corp.		246,218
	7,719	Flushing Financial Corp.		167,039
	5,277	Great Western Bancorp, Inc.		153,139
	4,371	Heritage Financial Corp. of Washington		82,350
	17,643	MGIC Investment Corp.*		155,788
	346,806	PrivateBancorp, Inc.		14,225,982
	6,217	Sandy Spring Bancorp, Inc.		167,610
	390,029	Sterling Bancorp		6,326,270
	3,876	Umpqua Holdings Corp.		61,628
	545,128	United Community Banks, Inc.		10,624,545
	2,375	WSFS Financial Corp.		76,855

				59,512,702

		Capital Goods - 6.7%
	7,743	AAON, Inc.		179,792
	551,620	Advanced Drainage Systems, Inc.		13,255,429
	1,283	Alamo Group, Inc.		66,844
	361,009	Altra Industrial Motion Corp.		9,054,106
	154,402	Astronics Corp.*		6,285,705
	1,627	Astronics Corp. Class B*		66,137
	4,131	AZZ, Inc.		229,560
	12,380	CAI International, Inc.*		124,790
	1,098	Carlisle Cos., Inc.		97,382
	1,314	Crane Co.		62,862
	67,616	DigitalGlobe, Inc.*		1,058,867
	1,611	EMCOR Group, Inc.		77,392
	1,842	Esterline Technologies Corp.*		149,202
	358,028	Generac Holdings, Inc.*		10,658,493
	4,455	H&E Equipment Services, Inc.		77,873
	5,763	Heico Corp. Class A		283,540
	3,574	Insteel Industries, Inc.		74,768
	2,164	Lennox International, Inc.		270,284
	10,119	Luxfer Holdings plc ADR		99,571
	1,956	Lydall, Inc.*		69,399
	295,644	Masonite International Corp.*		18,102,282
	111,417	Middleby Corp.*		12,018,552
	820	Moog, Inc. Class A*		49,692
	5,590	NN, Inc.		89,105
	2,255	Teledyne Technologies, Inc.*		200,018
	5,417	Textainer Group Holdings Ltd.		76,434
	16,851	Titan International, Inc.		66,393
	3,540	Toro Co.		258,668
	167,633	Watts Water Technologies, Inc. Class A		8,326,331

				81,429,471

		Commercial & Professional Services - 3.1%
	377,910	Advisory Board Co.*		18,748,115
	9,769	CECO Environmental Corp.		75,026
	3,740	Deluxe Corp.		203,980
	6,579	Exponent, Inc.		328,621


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 91.6% - (continued)
		Commercial & Professional Services - 3.1% - (continued)
	4,228	Franklin Covey Co.*	$	70,777
	5,352	GP Strategies Corp.*		134,389
	6,887	Heritage Crystal Clean, Inc.*		73,002
	1,732	Huron Consulting Group, Inc.*		102,881
	6,276	On Assignment, Inc.*		282,106
	384,980	TriNet Group, Inc.*		7,449,363
	212,096	WageWorks, Inc.*		9,622,795

				37,091,055

		Consumer Durables & Apparel - 2.2%
	4,936	Arctic Cat, Inc.		80,852
	10,451	Crocs, Inc.*		107,018
	5,702	G-III Apparel Group Ltd.*		252,370
	13,178	Kate Spade & Co.*		234,173
	3,349	M/I Homes, Inc.*		73,410
	7,083	New Home Co., Inc.*		91,796
	2,888	Oxford Industries, Inc.		184,312
	3,011,380	Samsonite International S.A.		9,025,036
	555,093	Steven Madden Ltd.*		16,774,910
	6,884	Taylor Morrison Home Corp. Class A*		110,144
	4,845	TopBuild Corp.*		149,081
	12,427	Vince Holding Corp.*		56,916
	4,782	Vista Outdoor, Inc.*		212,847

				27,352,865

		Consumer Services - 7.4%
	17,100	Bloomin’ Brands, Inc.		288,819
	3,531	Brinker International, Inc.		169,311
	871	Buffalo Wild Wings, Inc.*		139,055
	558,851	ClubCorp Holdings, Inc.		10,210,208
	17,968	Del Frisco’s Restaurant Group, Inc.*		287,847
	896,441	Diamond Resorts International, Inc.*		22,868,210
	3,720	Dunkin’ Brands Group, Inc.		158,435
	193,308	Jack in the Box, Inc.		14,828,657
	16,647	La Quinta Holdings, Inc.*		226,566
	3,635	Marcus Corp.		68,956
	3,780	Marriott Vacations Worldwide Corp.		215,271
	129,220	Panera Bread Co. Class A*		25,169,472
	1,094	Red Robin Gourmet Burgers, Inc.*		67,543
	4,333	Ruth’s Hospitality Group, Inc.		68,981
	417,384	Texas Roadhouse, Inc.		14,929,826
	6,924	Wingstop, Inc.*		157,936

				89,855,093

		Diversified Financials - 3.3%
	4,369	Alaris Royalty Corp.		74,201
	164,503	Evercore Partners, Inc. Class A		8,894,677
	301,092	HFF, Inc. Class A		9,354,929
	116,203	MarketAxess Holdings, Inc.		12,967,093
	5,994	Regional Management Corp.*		92,727
	519,521	WisdomTree Investments, Inc.		8,146,089

				39,529,716

		Energy - 2.0%
	64,154	Abraxas Petroleum Corp.*		68,003
	9,087	Aspen Aerogels, Inc.*		55,158
	138,574	Diamondback Energy, Inc.*		9,270,601
	4,964	Forum Energy Technologies, Inc.*		61,851
	604,646	QEP Resources, Inc.		8,102,256
	298,533	RSP Permian, Inc.*		7,281,220
	6,138	Synergy Resources Corp.*		52,296

				24,891,385

The accompanying notes are an integral part of these financial statements.


		129

Hartford Small Company HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 91.6% - (continued)
		Food & Staples Retailing - 0.1%
	3,665	Casey’s General Stores, Inc.	$	441,449
	9,786	Natural Grocers by Vitamin Cottage, Inc.*		199,341
	3,166	PriceSmart, Inc.		262,746

				903,536

		Food, Beverage & Tobacco - 1.0%
	14,455	Freshpet, Inc.*		122,723
	1,055,681	Greencore Group plc		5,507,951
	538,498	Nomad Foods Ltd.*		6,354,276
	4,110	Post Holdings, Inc.*		253,587
	4,205	TreeHouse Foods, Inc.*		329,924

				12,568,461

		Health Care Equipment & Services - 9.7%
	223,933	Acadia Healthcare Co., Inc.*		13,986,855
	2,718	Aceto Corp.		73,332
	6,692	Anika Therapeutics, Inc.*		255,367
	580	Atrion Corp.		221,096
	4,971	Cynosure, Inc. Class A*		222,055
	145,159	DexCom, Inc.*		11,888,522
	621,258	Endologix, Inc.*		6,150,454
	4,015	Ensign Group, Inc.		90,859
	424,847	Envision Healthcare Holdings, Inc.*		11,033,277
	15,764	Globus Medical, Inc. Class A*		438,554
	7,716	HealthSouth Corp.		268,594
	121,785	HeartWare International, Inc.*		6,137,964
	2,269	ICU Medical, Inc.*		255,898
	596,725	Insulet Corp.*		22,562,172
	291,167	LDR Holding Corp.*		7,311,203
	111,366	LifePoint Health, Inc.*		8,174,264
	2,691	LivaNova plc*		159,765
	7,150	Omnicell, Inc.*		222,222
	153,912	Team Health Holdings, Inc.*		6,755,198
	4,126	U.S. Physical Therapy, Inc.		221,484
	7,556	Vascular Solutions, Inc.*		259,851
	709,907	Veeva Systems, Inc. Class A*		20,480,817
	3,736	WellCare Health Plans, Inc.*		292,192

				117,461,995

		Insurance - 2.8%
	4,966	AMERISAFE, Inc.		252,769
	149,297	Assurant, Inc.		12,024,380
	202,322	Assured Guaranty Ltd.		5,347,371
	451,881	First American Financial Corp.		16,222,528
	8,018	James River Group Holdings Ltd.		268,924

				34,115,972

		Materials - 5.5%
	7,068	Boise Cascade Co.*		180,446
	1,095,008	Graphic Packaging Holding Co.		14,048,953
	1,135,320	Headwaters, Inc.*		19,152,848
	791,602	KapStone Paper & Packaging Corp.		17,882,289
	5,107	Myers Industries, Inc.		68,025
	19,424	OMNOVA Solutions, Inc.*		119,069
	6,991	Orion Engineered Carbons S.A.		88,087
	1,149,487	Platform Specialty Products Corp.*		14,747,918
	7,602	PolyOne Corp.		241,440
	4,086	Silgan Holdings, Inc.		219,500

				66,748,575

		Media - 1.2%
	411,563	IMAX Corp.*		14,626,949


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 91.6% - (continued)
		Pharmaceuticals, Biotechnology & Life Sciences - 12.4%
	11,878	Achillion Pharmaceuticals, Inc.*	$	128,164
	3,917	Acorda Therapeutics, Inc.*		167,569
	288,065	Aerie Pharmaceuticals, Inc.*		7,014,383
	91,113	Agios Pharmaceuticals, Inc.*		5,915,056
	3,698	Albany Molecular Research, Inc.*		73,405
	5,634	Alder Biopharmaceuticals, Inc.*		186,091
	11,293	Amicus Therapeutics, Inc.*		109,542
	125,329	Anacor Pharmaceuticals, Inc.*		14,158,417
	254,616	Aratana Therapeutics, Inc.*		1,420,757
	45,288	Arena Pharmaceuticals, Inc.*		86,047
	724,005	BioCryst Pharmaceuticals, Inc.*		7,471,732
	20,094	BioDelivery Sciences International, Inc.*		96,250
	4,923	Cara Therapeutics, Inc.*		83,002
	222,957	Cepheid*		8,144,619
	6,734	Dicerna Pharmaceuticals, Inc.*		79,933
	272,802	Five Prime Therapeutics, Inc.*		11,321,283
	252,230	Flexion Therapeutics, Inc.*		4,860,472
	173,367	Galapagos N.V. ADR*		10,901,317
	3,670	Global Blood Therapeutics, Inc.*		118,651
	6,764	GlycoMimetics, Inc.*		38,690
	368,886	Intersect ENT, Inc.*		8,299,935
	373,166	Ironwood Pharmaceuticals, Inc.*		4,324,994
	5,065	KemPharm, Inc.*		100,591
	5,500	Medicines Co.*		205,370
	4,651	Neurocrine Biosciences, Inc.*		263,107
	1,036,340	Novavax, Inc.*		8,694,893
	3,349	Ophthotech Corp.*		262,997
	224,471	Otonomy, Inc.*		6,229,070
	4,382	PAREXEL International Corp.*		298,502
	231,567	Portola Pharmaceuticals, Inc.*		11,914,122
	204,231	PTC Therapeutics, Inc.*		6,617,084
	891	Puma Biotechnology, Inc.*		69,854
	179,317	Relypsa, Inc.*		5,081,844
	179,065	TESARO, Inc.*		9,368,681
	297,889	Tetraphase Pharmaceuticals, Inc.*		2,987,827
	13,744	TherapeuticsMD, Inc.*		142,525
	8,462	Trevena, Inc.*		88,851
	116,211	Ultragenyx Pharmaceutical, Inc.*		13,036,550
	14,209	XenoPort, Inc.*		78,008

				150,440,185

		Real Estate - 2.8%
	10,773	Arbor Realty Trust, Inc. REIT		77,027
	7,618	Armada Hoffler Properties, Inc. REIT		79,837
	6,182	CareTrust, Inc. REIT		67,693
	4,715	Coresite Realty Corp. REIT		267,435
	3,831	Easterly Government Properties, Inc. REIT		65,817
	565,808	Hannon Armstrong Sustainable Infrastructure Capital, Inc. REIT		10,705,087
	709,668	Kennedy-Wilson Holdings, Inc. REIT		17,088,805
	5,035	Medical Properties Trust, Inc. REIT		57,953
	198,966	Pebblebrook Hotel Trust REIT		5,575,027
	3,030	STAG Industrial, Inc. REIT		55,903
	5,979	Summit Hotel Properties, Inc. REIT		71,449
	12,865	Sunstone Hotel Investors, Inc. REIT		160,684

				34,272,717

		Retailing - 2.3%
	5,016,400	Allstar Co.*⁽¹⁾⁽²⁾		4,765,580
	7,701	Burlington Stores, Inc.*		330,373
	2,588	Core-Mark Holding Co., Inc.		212,061

The accompanying notes are an integral part of these financial statements.


		130

Hartford Small Company HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 91.6% - (continued)
		Retailing - 2.3% - (continued)
	9,171	DSW, Inc. Class A	$	218,820
	312,810	Five Below, Inc.*		10,041,201
	156,367	HSN, Inc.		7,923,116
	8,915	Party City Holdco, Inc.*		115,092
	3,669	Shoe Carnival, Inc.		85,121
	104,986	Tory Burch LLC*⁽¹⁾⁽²⁾		5,555,846

				29,247,210

		Semiconductors & Semiconductor Equipment - 3.5%
	448,064	Entegris, Inc.*		5,945,809
	12,333	Exar Corp.*		75,601
	127,549	First Solar, Inc.*		8,416,958
	2,176	Inphi Corp.*		58,796
	9,819	Integrated Device Technology, Inc.*		258,731
	424,985	Mellanox Technologies Ltd.*		17,908,868
	6,085	MKS Instruments, Inc.		219,060
	5,315	SunEdison Semiconductor Ltd.*		41,670
	311,516	SunPower Corp.*		9,348,595

				42,274,088

		Software & Services - 15.7%
	190,094	Apigee Corp.*		1,526,455
	4,764	Aspen Technology, Inc.*		179,889
	113,355	Atlassian Corp. plc Class A*		3,409,718
	1,793	CACI International, Inc. Class A*		166,354
	9,806	Cardtronics, Inc.*		329,972
	3,735	Cass Information Systems, Inc.		192,203
	216,152	comScore, Inc.*		8,894,655
	2,336	Constant Contact, Inc.*		68,305
	132,828	CoStar Group, Inc.*		27,454,219
	2,385	CSG Systems International, Inc.		85,812
	40,031	Demandware, Inc.*		2,160,473
	8,702	Envestnet, Inc.*		259,755
	3,348	EPAM Systems, Inc.*		263,220
	23,974	Everi Holdings, Inc.*		105,246
	11,544	Everyday Health, Inc.*		69,495
	8,318	Exlservice Holdings, Inc.*		373,728
	171,739	Fair Isaac Corp.		16,174,379
	16,554	Five9, Inc.*		144,020
	86,598	Fleetmatics Group plc*		4,398,312
	192,804	Guidewire Software, Inc.*		11,599,089
	118,948	Heartland Payment Systems, Inc.		11,278,649
	217,461	HubSpot, Inc.*		12,245,229
	4,724	j2 Global, Inc.		388,880
	3,669	Manhattan Associates, Inc.*		242,778
	11,332	Marchex, Inc. Class B		44,081
	3,596	Marketo, Inc.*		103,241
	210,910	MAXIMUS, Inc.		11,863,687
	4,192	Paycom Software, Inc.*		157,745
	4,758	Perficient, Inc.*		81,457
	4,723	PTC, Inc.*		163,557
	3,242	Q2 Holdings, Inc.*		85,492
	7,847	Sapiens International Corp. N.V.		80,039
	4,446	Silver Spring Networks, Inc.*		64,067
	53,800	Tableau Software, Inc. Class A*		5,069,036
	11,767	Tangoe, Inc.*		98,725
	1,069,389	Telogis, Inc.*⁽¹⁾⁽²⁾		2,021,145
	8,640	Textura Corp.*		186,451
	102,554	Tyler Technologies, Inc.*		17,877,213
	73,026	Verint Systems, Inc.*		2,961,935
	201,093	Virtusa Corp.*		8,313,185
	4,646	WebMD Health Corp.*		224,402


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 91.6% - (continued)
		Software & Services - 15.7% - (continued)
	117,649	WEX, Inc.*	$	10,400,172
	517,226	WNS Holdings Ltd. ADR*		16,132,279
	93,351	Zendesk, Inc.*		2,468,200
	133,014	Zillow Group, Inc. Class A*		3,463,685
	307,201	Zillow Group, Inc. Class C*		7,213,079

				191,083,708

		Technology Hardware & Equipment - 2.0%
	5,287	Applied Optoelectronics, Inc.*		90,725
	170,463	Arista Networks, Inc.*		13,268,840
	3,678	CalAmp Corp.*		73,302
	4,321	CDW Corp. of Delaware		181,655
	160,765	Ciena Corp.*		3,326,228
	4,765	Control4 Corp.*		34,641
	2,781	ePlus, Inc.*		259,356
	3,211	Fabrinet*		76,486
	2,462	FEI Co.		196,443
	11,526	Mitel Networks Corp.*		88,635
	8,484	NetScout Systems, Inc.*		260,459
	4,985	Newport Corp.*		79,112
	180,624	ParkerVision, Inc.*		41,995
	222,292	Pure Storage, Inc. Class A*		3,461,086
	197,006	Pure Storage, Inc. Class B*⁽¹⁾⁽²⁾		2,905,494
	3,079	Radware Ltd.*		47,232
	2,924	Rogers Corp.*		150,791

				24,542,480

		Telecommunication Services - 0.0%
	18,398	Vonage Holdings Corp.*		105,605

		Transportation - 3.0%
	14,823	Celadon Group, Inc.		146,599
	500,962	Knight Transportation, Inc.		12,138,309
	306,968	Landstar System, Inc.		18,003,673
	5,095	Marten Transport Ltd.		90,182
	2,306	Park-Ohio Holdings Corp.		84,815
	8,164	Swift Transportation Co.*		112,827
	215,645	XPO Logistics, Inc.*		5,876,326

				36,452,731

		Utilities - 0.0%
	972	ALLETE, Inc.		49,407
	4,560	Pattern Energy Group, Inc.		95,350
	3,110	Spark Energy, Inc. Class A		64,439

				209,196


		Total Common Stocks (cost $1,127,906,580)	$	1,115,062,156


EXCHANGE TRADED FUNDS - 1.5%
		Other Investment Pools & Funds - 1.5%
	126,871	iShares Russell 2000 Growth ETF	$	17,687,086


		Total Exchange Traded Funds (cost $17,739,636)	$	17,687,086



PREFERRED STOCKS - 3.0%
		Consumer Services - 0.2%
	277,018	DraftKings, Inc. Series D⁽¹⁾⁽²⁾	$	867,067
	252,844	DraftKings, Inc. Series D-1⁽¹⁾⁽²⁾		1,024,018

				1,891,085

The accompanying notes are an integral part of these financial statements.


		131

Hartford Small Company HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
PREFERRED STOCKS - 3.0% - (continued)
		Pharmaceuticals, Biotechnology & Life Sciences - 0.0%
	92,420	Sancilio & Co., Inc.⁽¹⁾⁽²⁾	$	604,427

		Retailing - 0.3%
	74,004	Honest Co.⁽¹⁾⁽²⁾		3,354,601

		Software & Services - 2.3%
	169,989	Cloudera, Inc.⁽¹⁾⁽²⁾		4,367,017
	410,300	MarkLogic Corp. Series F⁽¹⁾⁽²⁾		4,788,201
	206,888	Nutanix, Inc.⁽¹⁾⁽²⁾		3,380,550
	1,456,330	Telogis, Inc.⁽¹⁾⁽²⁾		6,422,415
	157,023	Veracode, Inc.⁽¹⁾⁽²⁾		4,261,604
	1,026,132	Zuora, Inc. Series F⁽¹⁾⁽²⁾		4,248,187

				27,467,974

		Telecommunication Services - 0.2%
	6,478	DocuSign, Inc. Series B⁽¹⁾⁽²⁾		123,600
	1,940	DocuSign, Inc. Series B-1⁽¹⁾⁽²⁾		37,015
	4,655	DocuSign, Inc. Series D⁽¹⁾⁽²⁾		88,817
	120,393	DocuSign, Inc. Series E⁽¹⁾⁽²⁾		2,297,099
	21,928	DocuSign, Inc. Series F⁽¹⁾⁽²⁾		418,386

				2,964,917


		Total Preferred Stocks (cost $29,352,413)	$	36,283,004


CONVERTIBLE PREFERRED STOCKS - 0.0%
		Capital Goods - 0.0%
	1,262	William Lyon Homes, Inc., 6.50%	$	111,763


		Total Convertible Preferred Stocks (cost $124,261)	$	111,763


		Total Long-Term Investments (cost $1,175,122,890)	$	1,169,144,009


SHORT-TERM INVESTMENTS - 4.1%
		Other Investment Pools & Funds - 4.1%
	49,714,858	BlackRock Liquidity Funds TempFund Portfolio	$	49,714,858


		Total Short-Term Investments (cost $49,714,858)	$	49,714,858



Total Investments (cost $1,224,837,748)^	100.2	%	$	1,218,858,867
Other Assets and Liabilities	(0.2	)%		(2,580,541	)

Total Net Assets	100.0	%	$	1,216,278,326

The accompanying notes are an integral part of these financial statements.


		132

Hartford Small Company HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $1,237,428,182 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	112,445,949
Unrealized Depreciation		(131,015,264	)

Net Unrealized Depreciation	$	(18,569,315	)

*	Non-income producing.

⁽¹⁾

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At December 31, 2015, the aggregate fair value of these securities was $51,531,069, which represents 4.2% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

⁽²⁾


Period Acquired	Shares/Par		Security	Cost
08/2011		5,016,400	Allstar Co.	$	2,182,228
02/2014		169,989	Cloudera, Inc. Preferred		2,475,040
02/2014		6,478	DocuSign, Inc. Series B Preferred		85,072
02/2014		1,940	DocuSign, Inc. Series B-1 Preferred		25,477
02/2014		4,655	DocuSign, Inc. Series D Preferred		61,131
02/2014		120,393	DocuSign, Inc. Series E Preferred		1,581,049
04/2015		21,928	DocuSign, Inc. Series F Preferred		418,673
08/2015		277,018	DraftKings, Inc. Series D Preferred		1,491,990
08/2015		252,844	DraftKings, Inc. Series D-1 Preferred		1,938,153
08/2015		74,004	Honest Co. Preferred		3,386,053
04/2015		410,300	MarkLogic Corp. Series F Preferred		4,765,306
08/2014		206,888	Nutanix, Inc. Preferred		2,771,575
04/2014		197,006	Pure Storage, Inc. Class B		3,098,097
07/2015		92,420	Sancilio & Co., Inc. Preferred		349,066
09/2013		1,069,389	Telogis, Inc.		2,118,567
09/2013		1,456,330	Telogis, Inc. Preferred		3,205,674
11/2013		104,986	Tory Burch LLC		8,228,416
08/2014		157,023	Veracode, Inc. Preferred		2,899,571
01/2015		1,026,132	Zuora, Inc. Series F Preferred		3,898,583

				$	44,979,721

At December 31, 2015, the aggregate value of these securities was $51,531,069, which represents 4.2% of total net assets.

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt
ETF		Exchange Traded Fund
REIT		Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.


		133

Hartford Small Company HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total		Level 1⁽¹⁾		Level 2⁽¹⁾		Level 3
Assets
Common Stocks
Automobiles & Components	$	346,461	$	346,461	$	—	$	—
Banks		59,512,702		59,512,702		—		—
Capital Goods		81,429,471		81,429,471		—		—
Commercial & Professional Services		37,091,055		37,091,055		—		—
Consumer Durables & Apparel		27,352,865		18,327,829		9,025,036		—
Consumer Services		89,855,093		89,855,093		—		—
Diversified Financials		39,529,716		39,529,716		—		—
Energy		24,891,385		24,891,385		—		—
Food & Staples Retailing		903,536		903,536		—		—
Food, Beverage & Tobacco		12,568,461		7,060,510		5,507,951		—
Health Care Equipment & Services		117,461,995		117,461,995		—		—
Insurance		34,115,972		34,115,972		—		—
Materials		66,748,575		66,748,575		—		—
Media		14,626,949		14,626,949		—		—
Pharmaceuticals, Biotechnology & Life Sciences		150,440,185		150,440,185		—		—
Real Estate		34,272,717		34,272,717		—		—
Retailing		29,247,210		18,925,784		—		10,321,426
Semiconductors & Semiconductor Equipment		42,274,088		42,274,088		—		—
Software & Services		191,083,708		189,062,563		—		2,021,145
Technology Hardware & Equipment		24,542,480		21,636,986		—		2,905,494
Telecommunication Services		105,605		105,605		—		—
Transportation		36,452,731		36,452,731		—		—
Utilities		209,196		209,196		—		—
Exchange Traded Funds		17,687,086		17,687,086		—		—
Preferred Stocks		36,283,004		—		—		36,283,004
Convertible Preferred Stocks		111,763		111,763		—		—
Short-Term Investments		49,714,858		49,714,858		—		—

Total	$	1,218,858,867	$	1,152,794,811	$	14,532,987	$	51,531,069

⁽¹⁾	For the year ended December 31, 2015, there were no transfers between Level 1 and Level 2.

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2015:


	Common Stocks			Preferred Stocks			Total
Beginning balance	$	42,110,830		$	26,618,705		$	68,729,535
Purchases		3,098,097			16,247,825			19,345,922
Sales		(14,063,534	)		(7,503,255	)		(21,566,789	)
Accrued discounts/(premiums)		—			—			—
Total realized gain/(loss)		8,790,109			—			8,790,109
Net change in unrealized appreciation/depreciation		(24,687,437	)		919,729			(23,767,708	)
Transfers into Level 3⁽¹⁾		—			—			—
Transfers out of Level 3⁽¹⁾		—			—			—

Ending balance	$	15,248,065		$	36,283,004		$	51,531,069

The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at December 31, 2015 was $1,376,595.

⁽¹⁾	Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

^a)

Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

^b)

Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

^c)

Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		134

Hartford Small/Mid Cap Equity HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.1%
		Automobiles & Components - 1.6%
	7,510	Cooper Tire & Rubber Co.	$	284,254
	24,241	Goodyear Tire & Rubber Co.		791,953
	4,261	Visteon Corp.*		487,885

				1,564,092

		Banks - 7.4%
	23,200	Banc of California, Inc.		339,184
	12,700	Banco Latinoamericano de Comercio Exterior S.A. ADR		329,311
	8,463	Berkshire Hills Bancorp, Inc.		246,358
	9,056	BofI Holding, Inc.*		190,629
	14,800	Central Pacific Financial Corp.		325,896
	18,400	Customers Bancorp, Inc.*		500,848
	21,600	Fidelity Southern Corp.		481,896
	45,763	Fifth Third Bancorp		919,836
	5,105	First NBC Bank Holding Co.*		190,876
	16,500	Flagstar Bancorp, Inc.*		381,315
	6,384	Great Western Bancorp, Inc.		185,264
	15,349	HomeStreet, Inc.*		333,227
	21,500	Huntington Bancshares, Inc.		237,790
	26,154	KeyCorp		344,971
	3,153	LendingTree, Inc.*		281,500
	7,903	MainSource Financial Group, Inc.		180,821
	33,100	MGIC Investment Corp.*		292,273
	26,198	Popular, Inc.		742,451
	21,840	Walker & Dunlop, Inc.*		629,210

				7,133,656

		Capital Goods - 8.7%
	4,930	Acuity Brands, Inc.		1,152,634
	17,100	Aerojet Rocketdyne Holdings, Inc.*		267,786
	13,376	AGCO Corp.		607,137
	3,217	Alamo Group, Inc.		167,606
	9,300	American Woodmark Corp.*		743,814
	10,500	Argan, Inc.		340,200
	19,007	BWX Technologies, Inc.		603,852
	6,236	Comfort Systems USA, Inc.		177,227
	9,600	Continental Building Products, Inc.*		167,616
	5,540	Dycom Industries, Inc.*		387,578
	6,400	Encore Wire Corp.		237,376
	16,617	General Cable Corp.		223,166
	3,800	Huntington Ingalls Industries, Inc.		482,030
	4,300	Hyster-Yale Materials Handling, Inc.		225,535
	27,871	KBR, Inc.		471,577
	11,200	LB Foster Co. Class A		152,992
	3,914	Lennox International, Inc.		488,859
	3,028	Lydall, Inc.*		107,433
	48,800	Meritor, Inc.*		407,480
	9,993	Spirit Aerosystems Holdings, Inc. Class A*		500,350
	17,387	Taser International, Inc.*		300,621
	2,485	Triumph Group, Inc.		98,779

				8,311,648

		Commercial & Professional Services - 4.1%
	6,100	CEB, Inc.		374,479
	7,700	Deluxe Corp.		419,958
	6,100	Essendant, Inc.		198,311
	11,664	Herman Miller, Inc.		334,757
	3,055	Insperity, Inc.		147,098
	15,100	Interface, Inc.		289,014
	19,500	Kimball International, Inc. Class B		190,515
	13,021	Korn/Ferry International		432,037


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.1% - (continued)
		Commercial & Professional Services - 4.1% - (continued)
	24,100	Pitney Bowes, Inc.	$	497,665
	12,100	Quad/Graphics, Inc.		112,530
	25,700	R.R. Donnelley & Sons Co.		378,304
	19,100	RPX Corp.*		210,100
	3,400	UniFirst Corp.		354,280

				3,939,048

		Consumer Durables & Apparel - 3.9%
	7,200	Bassett Furniture Industries, Inc.		180,576
	5,497	Carter’s, Inc.		489,398
	5,097	CSS Industries, Inc.		144,653
	8,286	Helen of Troy Ltd.*		780,956
	8,899	Movado Group, Inc.		228,793
	23,600	Nautilus, Inc.*		394,592
	3,212	Oxford Industries, Inc.		204,990
	4,697	Polaris Industries, Inc.		403,707
	11,090	Smith & Wesson Holding Corp.*		243,758
	4,000	Sturm Ruger & Co., Inc.		238,440
	6,080	Tempur Sealy International, Inc.*		428,397

				3,738,260

		Consumer Services - 3.8%
	8,500	American Public Education, Inc.*		158,185
	14,328	Apollo Education Group, Inc.*		109,896
	6,901	Brinker International, Inc.		330,903
	4,984	Capella Education Co.		230,360
	6,582	Chuy’s Holdings, Inc.*		206,280
	10,420	Domino’s Pizza, Inc.		1,159,225
	5,521	Grand Canyon Education, Inc.*		221,502
	5,708	International Speedway Corp. Class A		192,474
	16,896	LifeLock, Inc.*		242,458
	5,390	Papa John’s International, Inc.		301,139
	7,900	Pinnacle Entertainment, Inc.*		245,848
	4,540	Strayer Education, Inc.*		272,945

				3,671,215

		Diversified Financials - 1.4%
	108,941	Apollo Investment Corp.		568,672
	18,700	Arlington Asset Investment Corp. Class A		247,401
	23,195	Ezcorp, Inc. Class A*		115,743
	11,090	Nelnet, Inc. Class A		372,291

				1,304,107

		Energy - 3.4%
	6,500	CVR Energy, Inc.		255,775
	16,367	Noble Corp. plc		172,672
	17,800	Nordic American Tankers Ltd.		276,612
	15,343	Oil States International, Inc.*		418,097
	8,064	Par Pacific Holdings, Inc.*		189,827
	33,661	Pioneer Energy Services Corp.*		73,044
	2,400	REX American Resources Corp.*		129,768
	26,052	Superior Energy Services, Inc.		350,920
	15,050	Valero Energy Corp.		1,064,185
	9,780	Western Refining, Inc.		348,364

				3,279,264

		Food, Beverage & Tobacco - 1.6%
	16,672	Dean Foods Co.		285,925
	31,200	Pilgrim’s Pride Corp.		689,208
	2,928	Sanderson Farms, Inc.		226,979
	6,267	Universal Corp.		351,453

				1,553,565

The accompanying notes are an integral part of these financial statements.


		135

Hartford Small/Mid Cap Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.1% - (continued)
		Health Care Equipment & Services - 2.8%
	3,265	ABIOMED, Inc.*	$	294,764
	12,400	Centene Corp.*		816,044
	18,700	InVivo Therapeutics Holdings Corp.*		134,640
	6,309	Masimo Corp.*		261,887
	2,900	Molina Healthcare, Inc.*		174,377
	44,212	Quality Systems, Inc.		712,697
	10,537	Triple-S Management Corp., Class B*		251,940

				2,646,349

		Household & Personal Products - 1.0%
	5,600	Herbalife Ltd.*		300,272
	5,513	Medifast, Inc.		167,485
	3,500	Usana Health Sciences, Inc.*		447,125

				914,882

		Insurance - 5.2%
	9,688	Ambac Financial Group, Inc.*		136,504
	5,159	AmTrust Financial Services, Inc.		317,691
	3,987	Aspen Insurance Holdings Ltd.		192,572
	7,400	Assurant, Inc.		595,996
	8,898	Assured Guaranty Ltd.		235,174
	18,000	Endurance Specialty Holdings Ltd.		1,151,820
	5,594	Everest Re Group Ltd.		1,024,205
	3,900	FBL Financial Group Class A		248,196
	23,936	Greenlight Capital Re Ltd. Class A*		447,843
	3,290	Reinsurance Group of America, Inc.		281,460
	7,500	Validus Holdings Ltd.		347,175

				4,978,636

		Materials - 5.5%
	7,232	Berry Plastics Group, Inc.*		261,654
	7,012	Chemtura Corp.*		191,217
	9,696	Clearwater Paper Corp.*		441,459
	11,800	Domtar Corp.		436,010
	10,180	Innospec, Inc.		552,876
	4,000	Kaiser Aluminum Corp.		334,640
	32,700	Rayonier Advanced Materials, Inc.		320,133
	4,900	Reliance Steel & Aluminum Co.		283,759
	30,600	Resolute Forest Products, Inc.*		231,642
	13,275	Schnitzer Steel Industries, Inc. Class A		190,761
	6,100	Schweitzer-Mauduit International, Inc.		256,139
	27,718	Sealed Air Corp.		1,236,223
	10,700	Steel Dynamics, Inc.		191,209
	7,881	Stepan Co.		391,607

				5,319,329

		Media - 0.7%
	17,038	MSG Networks, Inc. Class A*		354,390
	20,100	World Wrestling Entertainment, Inc. Class A		358,584

				712,974

		Pharmaceuticals, Biotechnology & Life Sciences - 8.5%
	1,999	Anacor Pharmaceuticals, Inc.*		225,827
	5,600	Bio-Rad Laboratories, Inc. Class A*		776,496
	4,257	BioSpecifics Technologies Corp.*		182,923
	9,200	Cambrex Corp.*		433,228
	17,146	Cytokinetics, Inc.*		179,347
	5,146	Emergent Biosolutions, Inc.*		205,892
	61,891	Geron Corp.*		299,552
	14,599	Halozyme Therapeutics, Inc.*		253,001
	10,533	ImmunoGen, Inc.*		142,933
	8,684	Insys Therapeutics, Inc.*		248,623


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.1% - (continued)
		Pharmaceuticals, Biotechnology & Life Sciences - 8.5% - (continued)
	6,192	Medivation, Inc.*	$	299,321
	1,184	Mettler-Toledo International, Inc.*		401,530
	7,565	Myriad Genetics, Inc.*		326,505
	2,976	PAREXEL International Corp.*		202,725
	98,244	PDL Biopharma, Inc.		347,784
	29,808	Pozen, Inc.*		203,589
	9,269	Prestige Brands Holdings, Inc.*		477,168
	11,123	Quintiles Transnational Holdings, Inc.*		763,705
	24,900	Sciclone Pharmaceuticals, Inc.*		229,080
	35,245	Spectrum Pharmaceuticals, Inc.*		212,527
	16,200	Sucampo Pharmaceuticals, Inc. Class A*		280,098
	14,374	Supernus Pharmaceuticals, Inc.*		193,187
	6,800	United Therapeutics Corp.*		1,064,948
	24,923	ZIOPHARM Oncology, Inc.*		207,110

				8,157,099

		Real Estate - 12.5%
	14,900	AG Mortgage Investment Trust, Inc. REIT		191,316
	15,437	Altisource Residential Corp. REIT		191,573
	34,920	American Capital Mortgage Investment Corp. REIT		487,483
	14,129	Apollo Commercial Real Estate Finance, Inc. REIT		243,443
	9,697	ARMOUR Residential, Inc. REIT		211,007
	55,800	Brandywine Realty Trust REIT		762,228
	12,700	Brixmor Property Group, Inc. REIT		327,914
	64,200	Capstead Mortgage Corp. REIT		561,108
	18,153	CBL & Associates Properties, Inc. REIT		224,553
	19,554	Chimera Investment Corp. REIT		266,716
	9,938	Colony Capital, Inc. Class A, REIT		193,592
	14,500	Colony Starwood Homes REIT		328,280
	26,328	CYS Investments, Inc. REIT		187,719
	11,520	DDR Corp. REIT		193,997
	71,900	Gramercy Property Trust REIT		555,068
	29,375	Hatteras Financial Corp. REIT		386,281
	8,100	Hospitality Properties Trust REIT		211,815
	15,317	Invesco Mortgage Capital, Inc. REIT		189,778
	6,260	Jones Lang LaSalle, Inc.		1,000,724
	26,900	Ladder Capital Corp. REIT		334,098
	54,038	Mack-Cali Realty Corp. REIT		1,261,787
	7,900	Marcus & Millichap, Inc. REIT*		230,206
	28,370	MFA Financial, Inc. REIT		187,242
	20,050	New Residential Investment Corp. REIT		243,808
	31,160	New York Mortgage Trust, Inc. REIT		166,083
	24,120	PennyMac Mortgage Investment Trust REIT		368,071
	7,416	Piedmont Office Realty Trust, Inc. Class A, REIT		140,014
	28,151	Redwood Trust, Inc. REIT		371,593
	25,025	Resource Capital Corp. REIT		319,319
	599	RMR Group, Inc. REIT*		8,632
	26,297	Select Income REIT		521,206
	14,600	Starwood Property Trust, Inc. REIT		300,176
	47,300	Two Harbors Investment Corp. REIT		383,130
	16,400	Western Asset Mortgage Capital Corp. REIT		167,608
	20,673	WP Glimcher, Inc. REIT		219,340

				11,936,908

		Retailing - 5.1%
	21,824	American Eagle Outfitters, Inc.		338,272
	9,600	Big Lots, Inc.		369,984
	12,100	Buckle, Inc.		372,438
	7,438	Caleres, Inc.		199,487
	11,045	Express, Inc.*		190,858

The accompanying notes are an integral part of these financial statements.


		136

Hartford Small/Mid Cap Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.1% - (continued)
		Retailing - 5.1% - (continued)
	13,690	Foot Locker, Inc.	$	891,082
	11,821	Francescas Holding Corp.*		205,804
	6,751	Hibbett Sports, Inc.*		204,150
	35,082	JC Penney Co., Inc.*		233,646
	25,374	Nutrisystem, Inc.		549,093
	5,000	Outerwall, Inc.		182,700
	24,900	Overstock.com, Inc.*		305,772
	14,200	Select Comfort Corp.*		304,022
	16,373	Tile Shop Holdings, Inc.*		268,517
	5,398	Wayfair, Inc. Class A*		257,053

				4,872,878

		Semiconductors & Semiconductor Equipment - 1.9%
	9,200	Advanced Energy Industries, Inc.*		259,716
	4,700	Ambarella, Inc.*		261,978
	15,600	Integrated Device Technology, Inc.*		411,060
	13,969	Marvell Technology Group Ltd.		123,206
	8,020	Skyworks Solutions, Inc.		616,177
	6,000	Tessera Technologies, Inc.		180,060

				1,852,197

		Software & Services - 8.4%
	14,460	Amdocs Ltd.		789,082
	17,530	Aspen Technology, Inc.*		661,933
	25,600	Convergys Corp.		637,184
	1,090	DST Systems, Inc.		124,326
	4,600	Ellie Mae, Inc.*		277,058
	8,814	Fleetmatics Group plc*		447,663
	9,780	Gigamon, Inc.*		259,855
	9,196	Global Payments, Inc.		593,234
	3,919	Global Sources Ltd.*		30,568
	5,936	Imperva, Inc.*		375,808
	3,700	Luxoft Holding, Inc.*		285,381
	9,642	Manhattan Associates, Inc.*		638,011
	35,903	Mentor Graphics Corp.		661,333
	6,368	Paycom Software, Inc.*		239,628
	2,771	Stamps.com, Inc.*		303,729
	13,913	Synopsys, Inc.*		634,572
	4,965	Vantiv, Inc. Class A*		235,440
	6,238	Verint Systems, Inc.*		253,013
	9,000	Web.com Group, Inc.*		180,090
	19,074	Wix.com Ltd.*		433,934

				8,061,842

		Technology Hardware & Equipment - 4.1%
	13,489	Alliance Fiber Optic Products, Inc.		204,493
	3,034	Arista Networks, Inc.*		236,167
	12,789	Avnet, Inc.		547,881
	9,424	AVX Corp.		114,407
	64,735	Brocade Communications Systems, Inc.		594,267
	12,100	Ciena Corp.*		250,349
	7,391	Insight Enterprises, Inc.*		185,662
	4,701	Palo Alto Networks, Inc.*		828,034
	12,308	Sanmina Corp.*		253,299
	2,082	SYNNEX Corp.		187,234
	4,050	Tech Data Corp.*		268,839
	4,236	Universal Display Corp.*		230,608

				3,901,240

		Telecommunication Services - 1.0%
	18,100	Inteliquent, Inc.		321,637
	17,796	Telephone & Data Systems, Inc.		460,739


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.1% - (continued)
		Telecommunication Services - 1.0% - (continued)
	4,725	United States Cellular Corp.*	$	192,827

				975,203

		Transportation - 2.2%
	17,758	Alaska Air Group, Inc.		1,429,697
	1,067	Allegiant Travel Co.		179,075
	7,225	Hawaiian Holdings, Inc.*		255,259
	11,005	JetBlue Airways Corp.*		249,263

				2,113,294

		Utilities - 4.3%
	58,048	Atlantic Power Corp.		114,355
	3,984	Chesapeake Utilities Corp.		226,092
	34,107	Great Plains Energy, Inc.		931,462
	15,350	National Fuel Gas Co.		656,212
	18,595	Pinnacle West Capital Corp.		1,199,006
	5,953	UGI Corp.		200,973
	18,881	Westar Energy, Inc.		800,743

				4,128,843


		Total Common Stocks (cost $90,643,583)	$	95,066,529


		Total Long-Term Investments (cost $90,643,583)	$	95,066,529


SHORT-TERM INVESTMENTS - 0.7%
		Other Investment Pools & Funds - 0.7%
	641,182	Federated Prime Obligations Fund	$	641,182


		Total Short-Term Investments (cost $641,182)	$	641,182



Total Investments (cost $91,284,765)^	99.8	%	$	95,707,711
Other Assets and Liabilities	0.2	%		172,179

Total Net Assets	100.0	%	$	95,879,890

The accompanying notes are an integral part of these financial statements.


		137

Hartford Small/Mid Cap Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $91,249,335 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	13,209,559
Unrealized Depreciation		(8,751,183	)

Net Unrealized Appreciation	$	4,458,376

*	Non-income producing.

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt
REIT		Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.


		138

Hartford Small/Mid Cap Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total		Level 1⁽¹⁾		Level 2⁽¹⁾		Level 3
Assets
Common Stocks
Automobiles & Components	$	1,564,092	$	1,564,092	$	—	$	—
Banks		7,133,656		7,133,656		—		—
Capital Goods		8,311,648		8,311,648		—		—
Commercial & Professional Services		3,939,048		3,939,048		—		—
Consumer Durables & Apparel		3,738,260		3,738,260		—		—
Consumer Services		3,671,215		3,671,215		—		—
Diversified Financials		1,304,107		1,304,107		—		—
Energy		3,279,264		3,279,264		—		—
Food, Beverage & Tobacco		1,553,565		1,553,565		—		—
Health Care Equipment & Services		2,646,349		2,646,349		—		—
Household & Personal Products		914,882		914,882		—		—
Insurance		4,978,636		4,978,636		—		—
Materials		5,319,329		5,319,329		—		—
Media		712,974		712,974		—		—
Pharmaceuticals, Biotechnology & Life Sciences		8,157,099		8,157,099		—		—
Real Estate		11,936,908		11,936,908		—		—
Retailing		4,872,878		4,872,878		—		—
Semiconductors & Semiconductor Equipment		1,852,197		1,852,197		—		—
Software & Services		8,061,842		8,061,842		—		—
Technology Hardware & Equipment		3,901,240		3,901,240		—		—
Telecommunication Services		975,203		975,203		—		—
Transportation		2,113,294		2,113,294		—		—
Utilities		4,128,843		4,128,843		—		—
Short-Term Investments		641,182		641,182		—		—

Total	$	95,707,711	$	95,707,711	$	—	$	—

⁽¹⁾	For the year ended December 31, 2015, there were no transfers between Level 1 and Level 2.

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		139

Hartford SmallCap Growth HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.1%
		Automobiles & Components - 0.9%
	34,230	American Axle & Manufacturing Holdings, Inc.*	$	648,316
	42,287	Cooper Tire & Rubber Co.		1,600,563
	179,678	Tenneco, Inc.*		8,249,017

				10,497,896

		Banks - 3.5%
	59,607	BofI Holding, Inc.*		1,254,728
	345,253	EverBank Financial Corp.		5,517,143
	123,970	FCB Financial Holdings, Inc. Class A*		4,436,886
	280,467	First Merchants Corp.		7,129,471
	100,383	Flushing Financial Corp.		2,172,288
	146,965	Great Western Bancorp, Inc.		4,264,924
	13,638	HomeStreet, Inc.*		296,081
	9,442	LendingTree, Inc.*		842,982
	692,662	MGIC Investment Corp.*		6,116,206
	107,171	Sandy Spring Bancorp, Inc.		2,889,330
	216,260	Sterling Bancorp		3,507,737
	28,799	Walker & Dunlop, Inc.*		829,699

				39,257,475

		Capital Goods - 6.9%
	224,200	AAON, Inc.		5,205,924
	16,000	Aegion Corp.*		308,960
	64,154	Aerojet Rocketdyne Holdings, Inc.*		1,004,652
	194,328	Altra Industrial Motion Corp.		4,873,746
	14,530	American Woodmark Corp.*		1,162,109
	20,142	Argan, Inc.		652,601
	144,778	Astronics Corp.*		5,893,912
	137,146	AZZ, Inc.		7,621,203
	26,622	Comfort Systems USA, Inc.		756,597
	22,000	Continental Building Products, Inc.*		384,120
	11,800	Douglas Dynamics, Inc.		248,626
	12,600	DXP Enterprises, Inc.*		287,280
	15,819	Dycom Industries, Inc.*		1,106,697
	14,639	Encore Wire Corp.		542,961
	53,369	Esterline Technologies Corp.*		4,322,889
	16,800	FreightCar America, Inc.		326,424
	202,795	Generac Holdings, Inc.*		6,037,207
	46,901	General Cable Corp.		629,881
	27,002	Global Brass & Copper Holdings, Inc.		575,143
	167,080	Heico Corp. Class A		8,220,336
	23,189	Hyster-Yale Materials Handling, Inc.		1,216,263
	62,676	Lennox International, Inc.		7,828,233
	12,500	Lydall, Inc.*		443,500
	120,224	Meritor, Inc.*		1,003,870
	13,782	Moog, Inc. Class A*		835,189
	8,376	Patrick Industries, Inc.*		364,356
	73,510	Taser International, Inc.*		1,270,988
	63,782	Teledyne Technologies, Inc.*		5,657,463
	102,512	Toro Co.		7,490,552
	79,543	Wabash National Corp.*		940,994

				77,212,676

		Commercial & Professional Services - 3.8%
	18,113	Brink’s Co.		522,741
	23,860	CEB, Inc.		1,464,765
	139,326	Deluxe Corp.		7,598,840
	190,504	Exponent, Inc.		9,515,675
	154,959	GP Strategies Corp.*		3,891,021
	54,694	Herman Miller, Inc.		1,569,718
	13,903	Insperity, Inc.		669,430
	43,630	Interface, Inc.		835,078


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.1% - (continued)
		Commercial & Professional Services - 3.8% - (continued)
	25,119	Korn/Ferry International	$	833,448
	6,003	Multi-Color Corp.		359,039
	183,181	On Assignment, Inc.*		8,233,986
	60,523	RPX Corp.*		665,753
	9,669	UniFirst Corp.		1,007,510
	113,796	WageWorks, Inc.*		5,162,925

				42,329,929

		Consumer Durables & Apparel - 4.5%
	142,933	Arctic Cat, Inc.		2,341,243
	161,403	G-III Apparel Group Ltd.*		7,143,697
	19,064	Helen of Troy Ltd.*		1,796,782
	381,567	Kate Spade & Co.*		6,780,446
	18,879	Movado Group, Inc.		485,379
	47,273	Nautilus, Inc.*		790,405
	101,601	Oxford Industries, Inc.		6,484,176
	1,610	Polaris Industries, Inc.		138,379
	67,327	Smith & Wesson Holding Corp.*		1,479,847
	250,827	Steven Madden Ltd.*		7,579,992
	16,781	Sturm Ruger & Co., Inc.		1,000,315
	188,600	Taylor Morrison Home Corp. Class A*		3,017,600
	141,520	TopBuild Corp.*		4,354,570
	295,823	Vince Holding Corp.*		1,354,869
	140,233	Vista Outdoor, Inc.*		6,241,771

				50,989,471

		Consumer Services - 5.1%
	13,300	American Public Education, Inc.*		247,513
	8,565	BJ’s Restaurants, Inc.*		372,320
	495,130	Bloomin’ Brands, Inc.		8,362,746
	30,811	Boyd Gaming Corp.*		612,215
	102,240	Brinker International, Inc.		4,902,408
	20,457	Buffalo Wild Wings, Inc.*		3,265,960
	23,248	Capella Education Co.		1,074,523
	26,101	Chuy’s Holdings, Inc.*		818,005
	337,070	Del Frisco’s Restaurant Group, Inc.*		5,399,861
	15,140	Domino’s Pizza, Inc.		1,684,325
	108,640	Dunkin’ Brands Group, Inc.		4,626,978
	42,142	Grand Canyon Education, Inc.*		1,690,737
	43,896	Isle of Capri Casinos, Inc.*		611,471
	482,228	La Quinta Holdings, Inc.*		6,563,123
	72,137	LifeLock, Inc.*		1,035,166
	119,019	Marriott Vacations Worldwide Corp.		6,778,132
	32,172	Papa John’s International, Inc.		1,797,450
	63,713	Pinnacle Entertainment, Inc.*		1,982,748
	21,809	Sonic Corp.		704,649
	13,789	Strayer Education, Inc.*		828,995
	193,040	Wingstop, Inc.*		4,403,242

				57,762,567

		Diversified Financials - 1.8%
	68,300	Cowen Group, Inc. Class A*		261,589
	111,783	Evercore Partners, Inc. Class A		6,044,107
	192,417	HFF, Inc. Class A		5,978,396
	49,921	KCG Holdings, Inc. Class A*		614,528
	50,187	MarketAxess Holdings, Inc.		5,600,367
	78,144	WisdomTree Investments, Inc.		1,225,298

				19,724,285

		Energy - 1.2%
	53,472	Alon USA Energy, Inc.		793,524
	23,086	CVR Energy, Inc.		908,434

The accompanying notes are an integral part of these financial statements.


		140

Hartford SmallCap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.1% - (continued)
		Energy - 1.2% - (continued)
	135,982	Forum Energy Technologies, Inc.*	$	1,694,336
	11,737	Matrix Service Co.*		241,078
	48,858	Pioneer Energy Services Corp.*		106,022
	14,415	REX American Resources Corp.*		779,419
	304,779	RSP Permian, Inc.*		7,433,560
	38,259	Western Refining, Inc.		1,362,786

				13,319,159

		Food & Staples Retailing - 2.4%
	106,114	Casey’s General Stores, Inc.		12,781,431
	16,078	Fresh Market, Inc.*		376,547
	10,908	Ingles Markets, Inc. Class A		480,825
	276,776	Natural Grocers by Vitamin Cottage, Inc.*		5,637,927
	89,539	PriceSmart, Inc.		7,430,841

				26,707,571

		Food, Beverage & Tobacco - 1.9%
	22,400	Cal-Maine Foods, Inc.		1,038,016
	66,541	Dean Foods Co.		1,141,178
	69,591	Pilgrim’s Pride Corp.		1,537,265
	116,233	Post Holdings, Inc.*		7,171,576
	13,700	Sanderson Farms, Inc.		1,062,024
	121,745	TreeHouse Foods, Inc.*		9,552,113

				21,502,172

		Health Care Equipment & Services - 10.2%
	17,797	ABIOMED, Inc.*		1,606,713
	82,855	Acadia Healthcare Co., Inc.*		5,175,123
	6,000	Amedisys, Inc.*		235,920
	34,400	AMN Healthcare Services, Inc.*		1,068,120
	16,705	Amsurg Corp.*		1,269,580
	139,010	Anika Therapeutics, Inc.*		5,304,622
	16,794	Atrion Corp.		6,401,873
	27,422	Centene Corp.*		1,804,642
	140,600	Cynosure, Inc. Class A*		6,280,602
	65,807	DexCom, Inc.*		5,389,593
	43,128	Ensign Group, Inc.		975,987
	375,504	Globus Medical, Inc. Class A*		10,446,521
	40,155	HealthEquity, Inc.*		1,006,686
	223,410	HealthSouth Corp.		7,776,902
	33,229	HeartWare International, Inc.*		1,674,742
	75,451	ICU Medical, Inc.*		8,509,364
	38,530	InVivo Therapeutics Holdings Corp.*		277,416
	77,931	LivaNova plc*		4,626,764
	12,500	Magellan Health, Inc.*		770,750
	41,787	Masimo Corp.*		1,734,578
	14,098	Medidata Solutions, Inc.*		694,890
	15,700	Meridian Bioscience, Inc.		322,164
	39,680	Molina Healthcare, Inc.*		2,385,958
	5,900	Natus Medical, Inc.*		283,495
	207,096	Omnicell, Inc.*		6,436,544
	8,590	Orthofix International N.V.*		336,814
	109,560	Quality Systems, Inc.		1,766,107
	50,831	Rockwell Medical, Inc.*		520,510
	146,325	Team Health Holdings, Inc.*		6,422,204
	40,896	Triple-S Management Corp., Class B*		977,823
	116,707	U.S. Physical Therapy, Inc.		6,264,832
	213,715	Vascular Solutions, Inc.*		7,349,659
	108,178	WellCare Health Plans, Inc.*		8,460,601

				114,558,099


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.1% - (continued)
		Household & Personal Products - 0.1%
	15,542	Medifast, Inc.	$	472,166
	8,900	Natural Health Trends Corp.		298,417
	5,700	Usana Health Sciences, Inc.*		728,175

				1,498,758

		Insurance - 1.6%
	49,941	Ambac Financial Group, Inc.*		703,669
	144,775	AMERISAFE, Inc.		7,369,048
	9,300	Federated National Holding Co.		274,908
	55,411	Greenlight Capital Re Ltd. Class A*		1,036,740
	28,805	Heritage Insurance Holdings, Inc.		628,525
	167,621	James River Group Holdings Ltd.		5,622,008
	94,996	Maiden Holdings Ltd.		1,416,390
	56,516	Universal Insurance Holdings, Inc.		1,310,041

				18,361,329

		Materials - 4.3%
	7,498	AEP Industries, Inc.*		578,471
	56,512	Berry Plastics Group, Inc.*		2,044,604
	204,642	Boise Cascade Co.*		5,224,510
	60,605	Chemtura Corp.*		1,652,698
	20,090	Clearwater Paper Corp.*		914,698
	597,116	Graphic Packaging Holding Co.		7,660,998
	445,255	Headwaters, Inc.*		7,511,452
	11,602	Innospec, Inc.		630,105
	5,292	Kaiser Aluminum Corp.		442,729
	27,638	Koppers Holdings, Inc.*		504,394
	562,414	OMNOVA Solutions, Inc.*		3,447,598
	220,124	PolyOne Corp.		6,991,138
	37,359	Schweitzer-Mauduit International, Inc.		1,568,704
	118,301	Silgan Holdings, Inc.		6,355,130
	23,260	Stepan Co.		1,155,789
	21,232	Trinseo S.A.*		598,742
	15,630	Worthington Industries, Inc.		471,088

				47,752,848

		Media - 0.1%
	46,800	Gray Television, Inc.*		762,840
	40,657	World Wrestling Entertainment, Inc. Class A		725,321

				1,488,161

		Pharmaceuticals, Biotechnology & Life Sciences - 15.8%
	346,776	Achillion Pharmaceuticals, Inc.*		3,741,713
	113,425	Acorda Therapeutics, Inc.*		4,852,321
	238,719	Aerie Pharmaceuticals, Inc.*		5,812,808
	27,715	Affymetrix, Inc.*		279,644
	110,009	Agenus, Inc.*		499,441
	48,779	Agios Pharmaceuticals, Inc.*		3,166,733
	159,360	Alder Biopharmaceuticals, Inc.*		5,263,661
	309,390	Amicus Therapeutics, Inc.*		3,001,083
	96,539	Anacor Pharmaceuticals, Inc.*		10,906,011
	94,121	Anthera Pharmaceuticals, Inc.*		436,721
	342,340	Aratana Therapeutics, Inc.*		1,910,257
	379,917	BioCryst Pharmaceuticals, Inc.*		3,920,743
	559,660	BioDelivery Sciences International, Inc.*		2,680,771
	20,579	BioSpecifics Technologies Corp.*		884,280
	31,543	Cambrex Corp.*		1,485,360
	147,524	Cepheid*		5,389,052
	97,720	Cytokinetics, Inc.*		1,022,151
	10,900	Eagle Pharmaceuticals, Inc.*		966,503
	66,394	Emergent Biosolutions, Inc.*		2,656,424
	16,948	Enanta Pharmaceuticals, Inc.*		559,623

The accompanying notes are an integral part of these financial statements.


		141

Hartford SmallCap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.1% - (continued)
		Pharmaceuticals, Biotechnology & Life Sciences - 15.8% - (continued)
	146,581	Five Prime Therapeutics, Inc.*	$	6,083,111
	169,320	Flexion Therapeutics, Inc.*		3,262,796
	222,200	Geron Corp.*		1,075,448
	101,550	Global Blood Therapeutics, Inc.*		3,283,112
	114,085	GlycoMimetics, Inc.*		652,566
	107,741	Halozyme Therapeutics, Inc.*		1,867,152
	89,780	ImmunoGen, Inc.*		1,218,315
	23,465	INC Research Holdings, Inc. Class A*		1,138,287
	61,369	Insys Therapeutics, Inc.*		1,756,994
	201,231	Intersect ENT, Inc.*		4,527,697
	90,829	Ironwood Pharmaceuticals, Inc.*		1,052,708
	18,750	Lannett Co., Inc.*		752,250
	9,125	Ligand Pharmaceuticals, Inc.*		989,333
	40,744	Luminex Corp.*		871,514
	159,247	Medicines Co.*		5,946,283
	60,862	MiMedx Group, Inc.*		570,277
	39,516	Myriad Genetics, Inc.*		1,705,511
	135,670	Neurocrine Biosciences, Inc.*		7,674,852
	13,166	NewLink Genetics Corp.*		479,111
	64,932	Northwest Biotherapeutics, Inc.*		207,782
	572,723	Novavax, Inc.*		4,805,146
	96,977	Ophthotech Corp.*		7,615,604
	398,505	Orexigen Therapeutics, Inc.*		685,429
	144,058	Otonomy, Inc.*		3,997,609
	153,265	PAREXEL International Corp.*		10,440,412
	500,880	PDL Biopharma, Inc.		1,773,115
	18,300	Pfenex, Inc.*		226,554
	165,669	Portola Pharmaceuticals, Inc.*		8,523,670
	25,443	PRA Health Sciences, Inc.*		1,151,805
	35,729	Prestige Brands Holdings, Inc.*		1,839,329
	36,100	Progenics Pharmaceuticals, Inc.*		221,293
	7,012	Prothena Corp. plc*		477,587
	89,318	PTC Therapeutics, Inc.*		2,893,903
	25,719	Puma Biotechnology, Inc.*		2,016,370
	221,676	Relypsa, Inc.*		6,282,298
	16,154	Repligen Corp.*		456,997
	151,830	Sciclone Pharmaceuticals, Inc.*		1,396,836
	98,804	Spectrum Pharmaceuticals, Inc.*		595,788
	54,917	Sucampo Pharmaceuticals, Inc. Class A*		949,515
	83,019	Supernus Pharmaceuticals, Inc.*		1,115,775
	119,094	TESARO, Inc.*		6,230,998
	58,037	Ultragenyx Pharmaceutical, Inc.*		6,510,591
	379,851	XenoPort, Inc.*		2,085,382
	117,719	ZIOPHARM Oncology, Inc.*		978,245

				177,820,650

		Real Estate - 1.5%
	90,381	Apollo Residential Mortgage, Inc. REIT		1,080,053
	58,065	CareTrust, Inc. REIT		635,812
	143,619	Coresite Realty Corp. REIT		8,146,070
	20,438	Marcus & Millichap, Inc. REIT*		595,563
	12,960	Omega Healthcare Investors, Inc. REIT		453,341
	49,290	RLJ Lodging Trust REIT		1,066,143
	32,767	Sabra Healthcare, Inc. REIT		662,876
	372,507	Sunstone Hotel Investors, Inc. REIT		4,652,612

				17,292,470

		Retailing - 4.8%
	97,176	American Eagle Outfitters, Inc.		1,506,228
	13,187	Big Lots, Inc.		508,227


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.1% - (continued)
		Retailing - 4.8% - (continued)
	60,236	Buckle, Inc.	$	1,854,064
	229,515	Burlington Stores, Inc.*		9,846,193
	14,842	Cato Corp. Class A		546,482
	29,184	Chico’s FAS, Inc.		311,393
	74,941	Core-Mark Holding Co., Inc.		6,140,666
	265,552	DSW, Inc. Class A		6,336,071
	60,451	Express, Inc.*		1,044,593
	215,528	Five Below, Inc.*		6,918,449
	68,010	Francescas Holding Corp.*		1,184,054
	51,971	Hibbett Sports, Inc.*		1,571,603
	148,230	HSN, Inc.		7,510,814
	65,862	Nutrisystem, Inc.		1,425,254
	19,400	Outerwall, Inc.		708,876
	26,063	Overstock.com, Inc.*		320,054
	252,138	Party City Holdco, Inc.*		3,255,102
	35,900	PetMed Express, Inc.		615,326
	56,733	Select Comfort Corp.*		1,214,654
	40,560	Tile Shop Holdings, Inc.*		665,184
	17,741	Wayfair, Inc. Class A*		844,826

				54,328,113

		Semiconductors & Semiconductor Equipment - 2.5%
	15,200	Advanced Energy Industries, Inc.*		429,096
	21,273	Ambarella, Inc.*		1,185,757
	388,952	Integrated Device Technology, Inc.*		10,248,885
	106,550	Kulicke & Soffa Industries, Inc.*		1,243,438
	176,887	MKS Instruments, Inc.		6,367,932
	106,382	SunEdison Semiconductor Ltd.*		834,035
	179,626	SunPower Corp.*		5,390,576
	63,160	Tessera Technologies, Inc.		1,895,432

				27,595,151

		Software & Services - 17.8%
	181,434	Aspen Technology, Inc.*		6,850,948
	26,927	AVG Technologies N.V.*		539,886
	12,291	BroadSoft, Inc.*		434,610
	51,922	CACI International, Inc. Class A*		4,817,323
	286,425	Cardtronics, Inc.*		9,638,201
	105,637	Cass Information Systems, Inc.		5,436,080
	149,727	comScore, Inc.*		6,161,266
	65,736	CSG Systems International, Inc.		2,365,181
	47,677	Demandware, Inc.*		2,573,128
	36,290	Ellie Mae, Inc.*		2,185,747
	246,224	Envestnet, Inc.*		7,349,786
	101,080	EPAM Systems, Inc.*		7,946,910
	4,500	Euronet Worldwide, Inc.*		325,935
	239,409	Everyday Health, Inc.*		1,441,242
	189,113	Exlservice Holdings, Inc.*		8,496,847
	102,630	Fair Isaac Corp.		9,665,693
	478,744	Five9, Inc.*		4,165,073
	173,381	Fleetmatics Group plc*		8,806,021
	48,256	Gigamon, Inc.*		1,282,162
	103,091	Heartland Payment Systems, Inc.		9,775,089
	99,015	HubSpot, Inc.*		5,575,535
	27,729	Imperva, Inc.*		1,755,523
	113,000	j2 Global, Inc.		9,302,160
	24,350	LogMeIn, Inc.*		1,633,885
	19,867	Luxoft Holding, Inc.*		1,532,342
	149,283	Manhattan Associates, Inc.*		9,878,056
	104,125	Marketo, Inc.*		2,989,429
	155,842	MAXIMUS, Inc.		8,766,112

The accompanying notes are an integral part of these financial statements.


		142

Hartford SmallCap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.1% - (continued)
		Software & Services - 17.8% - (continued)
	47,041	NeuStar, Inc. Class A*	$	1,127,573
	16,200	NIC, Inc.		318,816
	137,489	Paycom Software, Inc.*		5,173,711
	13,225	Pegasystems, Inc.		363,688
	6,210	Proofpoint, Inc.*		403,712
	132,772	PTC, Inc.*		4,597,894
	93,870	Q2 Holdings, Inc.*		2,475,352
	2,416	Qualys, Inc.*		79,945
	16,380	Stamps.com, Inc.*		1,795,412
	58,314	Sykes Enterprises, Inc.*		1,794,905
	12,381	Take-Two Interactive Software, Inc.*		431,354
	151,890	Textura Corp.*		3,277,786
	70,719	Tyler Technologies, Inc.*		12,327,736
	198,520	Verint Systems, Inc.*		8,051,971
	78,296	Web.com Group, Inc.*		1,566,703
	134,512	WebMD Health Corp.*		6,496,930
	71,990	WEX, Inc.*		6,363,916
	76,239	Wix.com Ltd.*		1,734,437

				200,072,011

		Technology Hardware & Equipment - 3.6%
	20,400	Alliance Fiber Optic Products, Inc.		309,264
	125,194	CDW Corp. of Delaware		5,263,156
	316,593	Ciena Corp.*		6,550,309
	24,308	DTS, Inc.*		548,875
	59,098	ePlus, Inc.*		5,511,479
	71,567	FEI Co.		5,710,331
	33,700	Infinera Corp.*		610,644
	18,309	InterDigital, Inc.		897,873
	58,676	Ixia*		729,343
	240,866	NetScout Systems, Inc.*		7,394,586
	6,693	Plantronics, Inc.		317,382
	84,660	Rogers Corp.*		4,365,916
	35,755	Ubiquiti Networks, Inc.*		1,133,076
	18,600	Universal Display Corp.*		1,012,584

				40,354,818

		Telecommunication Services - 0.5%
	168,300	Cincinnati Bell, Inc.*		605,880
	36,800	IDT Corp. Class B		429,088
	58,459	Inteliquent, Inc.		1,038,816
	560,156	Vonage Holdings Corp.*		3,215,296

				5,289,080

		Transportation - 1.3%
	7,425	Alaska Air Group, Inc.		597,787
	11,683	Allegiant Travel Co.		1,960,758
	202,222	Celadon Group, Inc.		1,999,975
	54,900	Hawaiian Holdings, Inc.*		1,939,617
	21,200	JetBlue Airways Corp.*		480,180
	85,300	Knight Transportation, Inc.		2,066,819
	147,512	Marten Transport Ltd.		2,610,962
	174,593	Swift Transportation Co.*		2,412,875
	15,581	Werner Enterprises, Inc.		364,440

				14,433,413


		Total Common Stocks (cost $1,071,975,306)	$	1,080,148,102


Shares or Principal Amount			Market Value^†
WARRANTS - 0.0%
		Diversified Financials - 0.0%
	891	Imperial Holdings, Inc., Expires 4/11/19*⁽¹⁾⁽²⁾	$	—


		Total Warrants (cost $—)	$	—


EXCHANGE TRADED FUNDS - 3.1%
		Other Investment Pools & Funds - 3.1%
	249,300	iShares Russell 2000 Growth ETF	$	34,754,913


		Total Exchange Traded Funds (cost $35,868,536)	$	34,754,913


		Total Long-Term Investments (cost $1,107,843,842)	$	1,114,903,015


SHORT-TERM INVESTMENTS - 1.1%
		Other Investment Pools & Funds - 1.1%
	12,355,247	Federated Prime Obligations Fund	$	12,355,247


		Total Short-Term Investments (cost $12,355,247)	$	12,355,247



Total Investments (cost $1,120,199,089)^	100.3	%	$	1,127,258,262
Other Assets and Liabilities	(0.3	)%		(3,895,840	)

Total Net Assets	100.0	%	$	1,123,362,422

The accompanying notes are an integral part of these financial statements.


		143

Hartford SmallCap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

Other than the industry classifications “Other Investment Pools & Funds,” equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $1,125,392,547 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	105,418,247
Unrealized Depreciation		(103,552,532)

Net Unrealized Appreciation	$	1,865,715

*	Non-income producing.

⁽¹⁾

This security is valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At December 31, 2015, the aggregate fair value of this security was $0, which represents 0.0% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

⁽²⁾


Period Acquired	Shares/Par		Security	Cost
12/2014		891	Imperial Holdings, Inc., Warrants	$	—

At December 31, 2015, the aggregate value of this security was $0, which represents 0.0% of total net assets.

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ETF		Exchange Traded Fund
REIT		Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.


		144

Hartford SmallCap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total		Level 1⁽¹⁾		Level 2⁽¹⁾		Level 3
Assets
Common Stocks
Automobiles & Components	$	10,497,896	$	10,497,896	$	—	$	—
Banks		39,257,475		39,257,475		—		—
Capital Goods		77,212,676		77,212,676		—		—
Commercial & Professional Services		42,329,929		42,329,929		—		—
Consumer Durables & Apparel		50,989,471		50,989,471		—		—
Consumer Services		57,762,567		57,762,567		—		—
Diversified Financials		19,724,285		19,724,285		—		—
Energy		13,319,159		13,319,159		—		—
Food & Staples Retailing		26,707,571		26,707,571		—		—
Food, Beverage & Tobacco		21,502,172		21,502,172		—		—
Health Care Equipment & Services		114,558,099		114,558,099		—		—
Household & Personal Products		1,498,758		1,498,758		—		—
Insurance		18,361,329		18,361,329		—		—
Materials		47,752,848		47,752,848		—		—
Media		1,488,161		1,488,161		—		—
Pharmaceuticals, Biotechnology & Life Sciences		177,820,650		177,820,650		—		—
Real Estate		17,292,470		17,292,470		—		—
Retailing		54,328,113		54,328,113		—		—
Semiconductors & Semiconductor Equipment		27,595,151		27,595,151		—		—
Software & Services		200,072,011		200,072,011		—		—
Technology Hardware & Equipment		40,354,818		40,354,818		—		—
Telecommunication Services		5,289,080		5,289,080		—		—
Transportation		14,433,413		14,433,413		—		—
Warrants		—		—		—		—
Exchange Traded Funds		34,754,913		34,754,913		—		—
Short-Term Investments		12,355,247		12,355,247		—		—

Total	$	1,127,258,262	$	1,127,258,262	$	—	$	—

⁽¹⁾	For the year ended December 31, 2015, there were no transfers between Level 1 and Level 2.

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2015:


	Warrants		Total
Beginning balance	$	—	$	—
Purchases		—		—
Sales		—		—
Accrued discounts/(premiums)		—		—
Total realized gain/(loss)		—		—
Net change in unrealized appreciation/depreciation		—		—
Transfers into Level 3⁽¹⁾		—		—
Transfers out of Level 3⁽¹⁾		—		—

Ending balance	$	—	$	—

The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at December 31, 2015 was $-.

⁽¹⁾	Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

^a)

Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

^b)

Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

^c)

Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		145

Hartford Stock HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.0%
		Banks - 4.0%
	326,964	PNC Financial Services Group, Inc.	$	31,162,939
	562,781	Wells Fargo & Co.		30,592,775

				61,755,714

		Capital Goods - 10.4%
	132,506	General Dynamics Corp.		18,201,024
	417,278	Honeywell International, Inc.		43,217,482
	171,745	Lockheed Martin Corp.		37,294,427
	124,444	Northrop Grumman Corp.		23,496,272
	398,060	United Technologies Corp.		38,241,624

				160,450,829

		Consumer Durables & Apparel - 2.4%
	581,895	NIKE, Inc. Class B		36,368,438

		Consumer Services - 2.6%
	340,289	McDonald’s Corp.		40,201,742

		Diversified Financials - 3.2%
	320,549	American Express Co.		22,294,183
	77,741	BlackRock, Inc.		26,472,365

				48,766,548

		Energy - 6.8%
	429,359	Chevron Corp.		38,625,136
	442,941	Exxon Mobil Corp.		34,527,251
	452,552	Schlumberger Ltd.		31,565,502

				104,717,889

		Food & Staples Retailing - 6.7%
	239,770	Costco Wholesale Corp.		38,722,855
	337,242	CVS Health Corp.		32,972,150
	375,142	Walgreens Boots Alliance, Inc.		31,945,217

				103,640,222

		Food, Beverage & Tobacco - 5.2%
	123,071	Anheuser-Busch InBev N.V.		15,315,833
	896,867	Coca-Cola Co.		38,529,406
	972,346	Diageo plc		26,552,570

				80,397,809

		Health Care Equipment & Services - 7.5%
	448,227	Cardinal Health, Inc.		40,013,224
	467,308	Medtronic plc		35,945,332
	343,566	UnitedHealth Group, Inc.		40,417,104

				116,375,660

		Household & Personal Products - 4.3%
	645,162	Colgate-Palmolive Co.		42,980,692
	303,666	Procter & Gamble Co.		24,114,117

				67,094,809

		Insurance - 6.4%
	374,257	ACE Ltd.		43,731,931
	121,252	Chubb Corp.		16,082,865
	703,405	Marsh & McLennan Cos., Inc.		39,003,807

				98,818,603

		Materials - 4.0%
	227,856	Ecolab, Inc.		26,062,169
	341,034	Praxair, Inc.		34,921,882

				60,984,051


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.0% - (continued)
		Media - 1.3%
	197,819	Walt Disney Co.	$	20,786,821

		Pharmaceuticals, Biotechnology & Life Sciences - 8.9%
	167,229	Amgen, Inc.		27,146,284
	381,229	Johnson & Johnson		39,159,843
	712,403	Merck & Co., Inc.		37,629,126
	119,719	Roche Holding AG		33,175,139

				137,110,392

		Real Estate - 1.8%
	111,190	Public Storage REIT		27,541,763

		Retailing - 5.1%
	9,440,100	Allstar Co.*⁽¹⁾⁽²⁾		8,968,095
	351,748	Lowe’s Cos., Inc.		26,746,918
	606,508	TJX Cos., Inc.		43,007,482

				78,722,495

		Software & Services - 10.3%
	364,219	Accenture plc Class A		38,060,886
	448,025	Automatic Data Processing, Inc.		37,956,678
	860,201	Microsoft Corp.		47,723,951
	985,509	Oracle Corp.		36,000,644

				159,742,159

		Transportation - 7.1%
	610,760	Canadian National Railway Co.		34,142,000
	366,871	Union Pacific Corp.		28,689,313
	478,055	United Parcel Service, Inc. Class B		46,003,233

				108,834,546


		Total Common Stocks (cost $1,220,999,833)	$	1,512,310,490


		Total Long-Term Investments (cost $1,220,999,833)	$	1,512,310,490


SHORT-TERM INVESTMENTS - 0.9%
		Other Investment Pools & Funds - 0.9%
	14,468,534	Fidelity Money Market Class 1	$	14,468,534


		Total Short-Term Investments (cost $14,468,534)	$	14,468,534



Total Investments (cost $1,235,468,367)^	98.9	%	$	1,526,779,024
Other Assets and Liabilities	1.1	%		17,053,899

Total Net Assets	100.0	%	$	1,543,832,923

The accompanying notes are an integral part of these financial statements.


		146

Hartford Stock HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $1,237,482,391 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	330,414,478
Unrealized Depreciation		(41,117,845	)

Net Unrealized Appreciation	$	289,296,633

*	Non-income producing.

⁽¹⁾

This security is valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At December 31, 2015, the aggregate fair value of this security was $8,968,095, which represents 0.6% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

⁽²⁾


Period Acquired	Shares/Par		Security	Cost
08/2011		9,440,100	Allstar Co.	$	4,106,619

At December 31, 2015, the aggregate value of this security was $8,968,095, which represents 0.6% of total net assets.

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
REIT		Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.


		147

Hartford Stock HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total		Level 1⁽¹⁾		Level 2⁽¹⁾		Level 3
Assets
Common Stocks
Banks	$	61,755,714	$	61,755,714	$	—	$	—
Capital Goods		160,450,829		160,450,829		—		—
Consumer Durables & Apparel		36,368,438		36,368,438		—		—
Consumer Services		40,201,742		40,201,742		—		—
Diversified Financials		48,766,548		48,766,548		—		—
Energy		104,717,889		104,717,889		—		—
Food & Staples Retailing		103,640,222		103,640,222		—		—
Food, Beverage & Tobacco		80,397,809		38,529,406		41,868,403		—
Health Care Equipment & Services		116,375,660		116,375,660		—		—
Household & Personal Products		67,094,809		67,094,809		—		—
Insurance		98,818,603		98,818,603		—		—
Materials		60,984,051		60,984,051		—		—
Media		20,786,821		20,786,821		—		—
Pharmaceuticals, Biotechnology & Life Sciences		137,110,392		103,935,253		33,175,139		—
Real Estate		27,541,763		27,541,763		—		—
Retailing		78,722,495		69,754,400		—		8,968,095
Software & Services		159,742,159		159,742,159		—		—
Transportation		108,834,546		108,834,546		—		—
Short-Term Investments		14,468,534		14,468,534		—		—

Total	$	1,526,779,024	$	1,442,767,387	$	75,043,542	$	8,968,095

⁽¹⁾	For the year ended December 31, 2015, there were no transfers between Level 1 and Level 2.

The	following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2015:


	Common Stocks			Total
Beginning balance	$	9,754,455		$	9,754,455
Purchases		—			—
Sales		—			—
Accrued discounts/(premiums)		—			—
Total realized gain/(loss)		—			—
Net change in unrealized appreciation/depreciation		(786,360	)		(786,360	)
Transfers into Level 3⁽¹⁾		—			—
Transfers out of Level 3⁽¹⁾		—			—

Ending balance	$	8,968,095		$	8,968,095

The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at December 31, 2015 was $(786,360).

⁽¹⁾	Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

^a)

Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

^b)

Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

^c)

Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		148

Hartford Total Return Bond HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount				Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 33.6%
			Asset-Backed-Automobile - 1.4%
	$	3,800,000	AmeriCredit Automobile Receivables Trust 2.72%, 09/09/2019	$	3,825,914
		129,587	CPS Automotive Trust 5.01%, 06/17/2019⁽¹⁾		130,397
		8,005,000	Credit Acceptance Automotive Loan Trust 1.88%, 03/15/2022⁽¹⁾		7,967,358
			First Investors Automotive Owner Trust
		6,495,000	1.67%, 11/16/2020⁽¹⁾		6,454,623
		1,295,000	1.81%, 10/15/2018⁽¹⁾		1,295,092
		1,750,000	2.39%, 11/16/2020⁽¹⁾		1,741,964
		1,260,000	GM Financial Automobile Leasing Trust 1.96%, 03/20/2018⁽¹⁾		1,255,141
			Santander Drive Automotive Receivables Trust
		1,920,000	1.82%, 05/15/2019		1,921,721
		1,385,000	2.25%, 06/17/2019		1,389,943
		4,500,000	2.36%, 04/15/2020		4,507,030
		8,275,000	Westlake Automobile Receivables Trust 1.58%, 04/15/2020⁽¹⁾		8,259,139

					38,748,322

			Asset-Backed-Finance & Insurance - 14.0%
		9,180,000	American Money Management Corp. 1.77%, 07/27/2026⁽¹⁾⁽²⁾		9,079,020
			Apidos CLO
		6,015,000	1.77%, 01/19/2025⁽¹⁾⁽²⁾		5,957,256
		2,555,000	2.17%, 07/15/2023⁽¹⁾⁽²⁾		2,505,689
		10,350,000	Ares CLO Ltd. 1.84%, 04/17/2026⁽¹⁾⁽²⁾		10,277,550
			Atlas Senior Loan Fund Ltd.
		7,610,000	1.86%, 10/15/2026⁽¹⁾⁽²⁾		7,543,793
		4,200,000	1.87%, 07/16/2026⁽¹⁾⁽²⁾		4,153,380
			Atrium CDO Corp.
		790,000	1.44%, 07/16/2025⁽¹⁾⁽²⁾		773,726
		3,535,000	2.07%, 11/16/2022⁽¹⁾⁽²⁾		3,477,026
		10,050,000	Avery Point IV CLO Ltd. 1.84%, 04/25/2026⁽¹⁾⁽²⁾		9,970,605
		2,330,000	Babson CLO Ltd. 1.81%, 07/20/2025⁽¹⁾⁽²⁾		2,307,399
		1,397,417	Cal Funding II Ltd. 3.47%, 10/25/2027⁽¹⁾		1,376,200
		7,890,000	Carlyle Global Market Strategies Ltd. 1.79%, 04/27/2027⁽¹⁾⁽²⁾		7,815,045
			Cent CLO Ltd.
		9,345,000	1.80%, 01/25/2026⁽¹⁾⁽²⁾		9,199,218
		8,090,000	1.81%, 04/17/2026⁽¹⁾⁽²⁾		7,987,257
		6,305,000	1.81%, 07/27/2026⁽¹⁾⁽²⁾		6,237,537
		3,115,000	2.37%, 04/17/2026⁽¹⁾⁽²⁾		3,030,895
			CIFC Funding Ltd.
		8,965,000	1.86%, 05/24/2026⁽¹⁾⁽²⁾		8,875,350
		7,240,000	2.41%, 08/14/2024⁽¹⁾⁽²⁾		7,167,600
		1,254,475	Consumer Credit Origination Loan Trust 2.82%, 03/15/2021⁽¹⁾		1,254,285
			Dryden Senior Loan Fund
		10,915,000	1.67%, 04/18/2026⁽¹⁾⁽²⁾		10,779,654
		6,710,000	1.75%, 07/15/2027⁽¹⁾⁽²⁾		6,621,428
		10,870,000	1.80%, 07/15/2026⁽¹⁾⁽²⁾		10,803,693
		1,735,429	Fieldstone Mortgage Investment Corp. 0.69%, 05/25/2036⁽²⁾		1,151,436


Shares or Principal Amount				Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 33.6% - (continued)
			Asset-Backed-Finance & Insurance - 14.0% - (continued)
	$	3,267,261	First Franklin Mortgage Loan Trust 0.66%, 04/25/2036⁽²⁾	$	2,094,899
		2,210,000	Flatiron CLO Ltd. 2.22%, 07/17/2026⁽¹⁾⁽²⁾		2,168,894
		3,795,000	Green Tree Agency Advance Funding Trust 3.10%, 10/15/2048⁽¹⁾		3,754,545
		4,421,123	GSAMP Trust 0.51%, 01/25/2037⁽²⁾		2,637,351
		4,965,000	Highbridge Loan Management Ltd. 1.78%, 05/05/2027⁽¹⁾⁽²⁾		4,891,518
		3,335,000	ING Investment Management CLO Ltd. 2.19%, 03/14/2022⁽¹⁾⁽²⁾		3,296,314
		1,345,000	LCM Ltd. 2.22%, 04/15/2022⁽¹⁾⁽²⁾		1,330,474
		11,335,000	Limerock CLO 1.82%, 04/18/2026⁽¹⁾⁽²⁾		11,239,786
			Madison Park Funding Ltd.
		7,200,000	1.60%, 10/23/2025⁽¹⁾⁽²⁾		7,104,960
		6,520,000	1.77%, 01/19/2025⁽¹⁾⁽²⁾		6,448,932
		9,860,000	1.82%, 07/20/2026⁽¹⁾⁽²⁾		9,796,896
			Magnetite CLO Ltd.
		8,310,000	1.74%, 07/25/2026⁽¹⁾⁽²⁾		8,216,928
		6,540,000	1.80%, 04/15/2026⁽¹⁾⁽²⁾		6,497,490
		5,835,000	1.82%, 04/15/2027⁽¹⁾⁽²⁾		5,769,648
		6,695,000	2.27%, 07/25/2026⁽¹⁾⁽²⁾		6,567,795
		6,100,000	4.82%, 01/15/2025⁽¹⁾⁽²⁾		6,048,150
			Neuberger Berman CLO Ltd.
		8,335,000	1.79%, 04/15/2026⁽¹⁾⁽²⁾		8,266,653
		8,265,000	1.80%, 08/04/2025⁽¹⁾⁽²⁾		8,189,788
		7,885,000	Oaktree EIF II Ltd. 1.91%, 02/15/2026⁽¹⁾⁽²⁾		7,825,862
		6,780,000	OCP CLO Ltd. 1.85%, 04/17/2027⁽¹⁾⁽²⁾		6,714,234
		6,165,000	Ocwen Master Advance Receivables Trust 2.54%, 09/17/2046⁽¹⁾		6,159,610
		3,030,000	OHA Credit Partners Ltd. 1.79%, 07/20/2026⁽¹⁾⁽²⁾		2,996,064
		9,445,000	OHA Loan Funding Ltd. 1.86%, 02/15/2027⁽¹⁾⁽²⁾		9,373,218
			OZLM Funding Ltd.
		7,495,000	1.77%, 04/30/2027⁽¹⁾⁽²⁾		7,387,072
		10,530,000	1.87%, 04/17/2026⁽¹⁾⁽²⁾		10,464,714
		9,700,000	Race Point CLO Ltd. 1.83%, 04/15/2027⁽¹⁾⁽²⁾		9,563,230
		5,250,000	SBA Tower Trust 2.90%, 10/15/2044⁽¹⁾		5,130,346
		529,360	Securitized Asset Backed Receivables LLC 0.51%, 07/25/2036⁽²⁾		255,083
		7,325,000	Shackleton CLO Ltd. 1.80%, 07/17/2026⁽¹⁾⁽²⁾		7,261,273
			Sound Point CLO Ltd.
		6,354,000	1.69%, 01/21/2026⁽¹⁾⁽²⁾		6,273,304
		7,680,000	1.85%, 04/15/2027⁽¹⁾⁽²⁾		7,610,112
		2,137,000	4.92%, 07/15/2025⁽¹⁾⁽²⁾		1,817,091
		5,144,206	SpringCastle America Funding LLC 2.70%, 05/25/2023⁽¹⁾		5,132,843
		7,805,000	Springleaf Funding Trust 2.41%, 12/15/2022⁽¹⁾		7,782,830

The accompanying notes are an integral part of these financial statements.


		149

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 33.6% - (continued)
			Asset-Backed-Finance & Insurance - 14.0% - (continued)
	$	8,660,000	Symphony CLO Ltd. 1.80%, 07/14/2026⁽¹⁾⁽²⁾	$	8,597,648
		7,955,000	Tremen Park Ltd. 1.82%, 04/20/2027⁽¹⁾⁽²⁾		7,896,928
		2,915,000	Voya CLO Ltd. 1.77%, 07/17/2026⁽¹⁾⁽²⁾		2,890,223
		7,550,000	1.80%, 04/18/2027⁽¹⁾⁽²⁾		7,482,050
		10,895,000	1.82%, 04/18/2026⁽¹⁾⁽²⁾		10,791,497
		2,670,000	2.42%, 04/18/2027⁽¹⁾⁽²⁾		2,639,028

					384,710,323

			Asset-Backed-Home Equity - 1.5%
			GSAA Home Equity Trust
		1,545,290	0.49%, 12/25/2046⁽²⁾		786,946
		13,305,811	0.50%, 02/25/2037⁽²⁾		6,994,685
		6,862,025	0.52%, 03/25/2037⁽²⁾		3,565,029
		4,878,905	0.60%, 11/25/2036⁽²⁾		2,474,757
		163,611	0.66%, 11/25/2036⁽²⁾		95,724
		1,351,637	0.72%, 03/25/2036⁽²⁾		923,624
		778,174	5.88%, 09/25/2036		429,011
		785,089	5.99%, 06/25/2036⁽²⁾		419,571
		607,422	Morgan Stanley Asset-Backed Securities Capital I Inc.,Trust 0.57%, 06/25/2036⁽²⁾		516,542
		1,764,362	Morgan Stanley Mortgage Loan Trust 0.59%, 11/25/2036⁽²⁾		786,818
		20,275,000	NRZ Advance Receivables Trust 3.30%, 08/17/2048⁽¹⁾		20,078,333
		438,534	Renaissance Home Equity Loan Trust 5.91%, 04/25/2037		240,246
			Soundview Home Loan Trust
		3,225,000	0.60%, 07/25/2037⁽²⁾		2,035,259
		1,090,000	0.67%, 11/25/2036⁽²⁾		749,965

					40,096,510

			Collateralized-Mortgage Obligations - 0.0%
		141,328	National Credit Union Administration 1.84%, 10/07/2020		141,377

			Commercial Mortgage-Backed Securities - 11.6%
			Banc of America Commercial Mortgage Trust
		535,000	3.71%, 09/15/2048		545,379
		3,255,255	5.49%, 02/10/2051		3,371,620
			Bear Stearns Commercial Mortgage Securities, Inc.
		1,105,000	5.18%, 10/12/2042⁽²⁾		1,103,227
		2,419,730	5.33%, 02/11/2044		2,487,750
		510,000	5.62%, 04/12/2038⁽²⁾		513,441
		3,465,697	5.69%, 06/11/2050⁽²⁾		3,614,611
			Citigroup Commercial Mortgage Trust
		25,424,177	1.13%, 07/10/2047⁽²⁾⁽³⁾		1,719,091
		27,443,157	1.18%, 04/10/2048⁽²⁾⁽³⁾		2,026,024
		465,000	2.94%, 04/10/2048		448,303
		3,170,000	3.11%, 04/10/2048⁽¹⁾		2,215,528
		690,000	3.19%, 04/10/2048		676,496
		1,530,000	3.62%, 07/10/2047		1,561,796
		1,535,000	3.76%, 06/10/2048		1,569,130
		970,000	3.82%, 11/10/2048		988,333
		1,175,000	4.40%, 03/10/2047⁽¹⁾⁽²⁾		892,496
		445,000	4.90%, 03/10/2047⁽¹⁾⁽²⁾		385,397


Shares or Principal Amount				Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 33.6% - (continued)
			Commercial Mortgage-Backed Securities - 11.6% - (continued)
	$	8,567,448	Citigroup/Deutsche Bank Commercial Mortgage Trust 5.32%, 12/11/2049	$	8,711,667
		1,100,000	Cobalt CMBS Commercial Mortgage Trust 5.25%, 08/15/2048		1,114,750
		9,109,917	Commercial Mortgage Loan Trust 6.04%, 12/10/2049⁽²⁾		9,391,193
			Commercial Mortgage Pass-Through Certificates
		10,026,847	1.01%, 02/10/2047⁽²⁾		403,145
		970,000	2.82%, 10/15/2045		958,982
		535,000	4.24%, 02/10/2047		571,946
		1,315,000	4.75%, 10/15/2045⁽¹⁾⁽²⁾		1,037,088
			Commercial Mortgage Trust
		8,319,534	2.02%, 07/10/2046^(1)(2)(3)		603,959
		1,035,000	2.54%, 12/10/2045		1,007,014
		2,890,000	2.85%, 10/15/2045		2,864,753
		785,000	3.10%, 03/10/2046		784,716
		350,000	3.18%, 02/10/2048		343,187
		35,000	3.21%, 03/10/2046		35,200
		20,000	3.29%, 12/10/2044		20,440
		1,760,000	3.35%, 02/10/2048		1,744,067
		6,780,000	3.42%, 03/10/2031⁽¹⁾		6,838,404
		1,210,000	3.46%, 08/10/2055		897,023
		2,545,000	3.47%, 10/10/2048⁽¹⁾⁽²⁾		1,850,215
		1,900,000	3.50%, 05/10/2048		1,906,427
		2,655,000	3.53%, 12/10/2047		2,676,205
		1,260,000	3.61%, 06/10/2046⁽²⁾		1,297,663
		1,795,000	3.61%, 10/10/2048		1,803,975
		705,000	3.62%, 07/10/2050		712,578
		1,860,000	3.70%, 08/10/2055		1,890,551
		450,133	3.80%, 08/10/2047		463,870
		1,140,000	3.90%, 07/10/2050		1,173,716
		3,555,000	4.02%, 07/10/2045		3,761,868
		630,000	4.07%, 02/10/2047⁽²⁾		665,560
		1,016,965	5.44%, 03/10/2039		1,039,622
		6,721,874	5.74%, 12/10/2049		6,935,152
		2,848,526	5.77%, 06/10/2046⁽²⁾		2,871,992
		254,644	5.83%, 07/10/2038⁽²⁾		255,815
			Community or Commercial Mortgage Trust
		2,120,000	3.69%, 08/10/2047		2,153,805
		4,515,000	4.23%, 07/10/2045⁽²⁾		4,851,779
		352,243	Credit Suisse Commercial Mortgage Trust 5.70%, 06/15/2039⁽²⁾		361,638
		5,713,171	Credit Suisse Mortgage Capital Certificates 5.47%, 09/15/2039		5,773,538
			CS First Boston Mortgage Securities Corp.
		57,678	4.77%, 07/15/2037		57,642
		2,286,210	4.88%, 04/15/2037		2,284,048
			CSAIL Commercial Mortgage Trust
		65,765,434	0.90%, 06/15/2057⁽²⁾⁽³⁾		3,766,281
		2,215,000	3.36%, 08/15/2048⁽²⁾		1,601,414
		8,453,000	3.72%, 08/15/2048		8,563,371
		3,520,000	3.81%, 11/15/2048		3,588,473

The accompanying notes are an integral part of these financial statements.


		150

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 33.6% - (continued)
			Commercial Mortgage-Backed Securities - 11.6% - (continued)
	$	14,034,794	DBUBS Mortgage Trust 1.13%, 11/10/2046^(1)(2)(3)	$	313,186
		3,175,000	Four Times Square Trust Commercial Mortgage Pass-Through Certificates 5.40%, 12/13/2028⁽¹⁾		3,502,987
		4,680,000	FREMF Mortgage Trust 3.01%, 10/25/2047⁽¹⁾⁽²⁾		4,641,416
		5,485,000	5.25%, 09/25/2043⁽¹⁾⁽²⁾		5,921,643
		2,979,510	GE Business Loan Trust 1.33%, 05/15/2034⁽¹⁾⁽²⁾		2,473,254
		1,020,000	GE Commercial Mortgage Corp. 5.61%, 12/10/2049⁽²⁾		1,037,077
		52,473,952	GS Mortgage Securities Trust 0.28%, 07/10/2046⁽²⁾⁽³⁾		456,697
		10,618,171	1.64%, 08/10/2044^(1)(2)(3)		458,547
		4,340,000	2.95%, 11/05/2034⁽¹⁾		4,266,514
		1,040,000	3.27%, 11/10/2048		752,725
		2,815,000	3.38%, 05/10/2050		2,800,336
		1,060,000	3.58%, 06/10/2047⁽¹⁾		729,607
		1,580,166	3.67%, 04/10/2047⁽¹⁾		1,119,010
		4,110,000	4.00%, 04/10/2047		4,296,294
		1,700,121	4.07%, 01/10/2047		1,790,013
		1,115,000	4.51%, 11/10/2047⁽¹⁾⁽²⁾		932,292
		2,960,000	4.87%, 04/10/2047⁽¹⁾⁽²⁾		2,525,341
			Hilton USA Trust
		5,985,000	2.66%, 11/05/2030		5,989,483
		1,088,057	3.02%, 11/05/2030⁽¹⁾⁽²⁾		1,088,148
		1,675,924	JP Morgan Chase Commercial Mortgage Securities Corp. 4.42%, 12/15/2047⁽¹⁾⁽²⁾		1,399,718
			JP Morgan Chase Commercial Mortgage Securities Trust
		8,800,578	1.82%, 02/12/2051⁽²⁾		8,688,650
		2,185,000	2.73%, 10/15/2045⁽¹⁾⁽²⁾		1,479,835
		3,510,967	3.91%, 05/05/2030⁽¹⁾		3,643,877
		470,000	4.00%, 08/15/2046⁽¹⁾⁽²⁾		412,001
		1,075,000	4.67%, 10/15/2045⁽¹⁾⁽²⁾		1,029,568
		9,183,089	5.34%, 05/15/2047		9,352,846
		1,815,029	5.72%, 02/15/2051		1,895,706
			JPMBB Commercial Mortgage Securities Trust
		29,916,520	0.88%, 09/15/2047⁽²⁾⁽³⁾		1,302,643
		8,360,265	0.96%, 05/15/2048⁽²⁾⁽³⁾		402,739
		1,915,000	3.18%, 02/15/2048		1,872,648
		1,795,000	3.60%, 11/15/2048		1,807,027
		810,060	3.61%, 05/15/2048		816,928
		1,300,000	3.74%, 10/15/2048⁽¹⁾⁽²⁾		946,465
		415,000	3.78%, 08/15/2047		426,945
			LB-UBS Commercial Mortgage Trust
		6,256,451	5.86%, 07/15/2040⁽²⁾		6,436,700
		1,265,808	6.09%, 04/15/2041⁽²⁾		1,333,182
		645,577	Lehman Brothers Small Balance Commercial 5.52%, 09/25/2030⁽¹⁾⁽²⁾		642,898
			Merrill Lynch/Countrywide Commercial Mortgage Trust
		5,655,223	5.38%, 08/12/2048		5,789,020
		2,285,000	5.42%, 08/12/2048		2,326,014
		4,695,284	5.70%, 09/12/2049		4,884,112
		5,920,358	5.74%, 06/12/2050⁽²⁾		6,143,832


Shares or Principal Amount				Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 33.6% - (continued)
			Commercial Mortgage-Backed Securities - 11.6% - (continued)
	$	1,619,095	Morgan Stanley Bank of America Merrill Lynch Trust 1.13%, 10/15/2048⁽²⁾⁽³⁾	$	125,156
		16,280,522	1.16%, 12/15/2047⁽²⁾⁽³⁾		1,053,840
		1,925,000	3.06%, 10/15/2048⁽¹⁾		1,367,328
		1,030,000	3.13%, 12/15/2048		1,030,387
		1,320,000	3.18%, 08/15/2045		1,340,110
		840,000	3.53%, 12/15/2047		849,273
		4,320,000	3.74%, 08/15/2047		4,446,799
		1,530,000	4.06%, 02/15/2047		1,614,409
		1,605,000	4.50%, 08/15/2045⁽¹⁾		1,304,004
			Morgan Stanley Capital I Trust
		52,562,168	0.64%, 09/15/2047^(1)(2)(3)		845,326
		4,920,000	3.47%, 08/11/2029⁽¹⁾		5,035,265
		1,460,000	5.18%, 07/15/2049⁽¹⁾⁽²⁾		1,269,725
		920,000	5.40%, 10/12/2052⁽¹⁾⁽²⁾		862,750
		485,200	5.57%, 12/15/2044		504,903
		7,124,000	5.69%, 04/15/2049⁽²⁾		7,306,557
		127,098	5.78%, 10/15/2042⁽²⁾		126,928
		4,135,780	5.81%, 12/12/2049		4,320,228
		1,050,000	6.27%, 01/11/2043⁽¹⁾⁽²⁾		1,073,001
			Morgan Stanley Re-Remic Trust
		4,216,098	5.80%, 08/12/2045⁽¹⁾⁽²⁾		4,331,254
		2,272,507	5.80%, 08/15/2045⁽¹⁾⁽²⁾		2,332,032
			SFAVE Commercial Mortgage Securities Trust
		1,365,000	3.87%, 01/05/2035⁽¹⁾⁽²⁾		1,334,943
		2,580,000	4.14%, 01/05/2035⁽¹⁾⁽²⁾		2,440,815
			UBS-Barclays Commercial Mortgage Trust
		1,930,000	3.09%, 08/10/2049		1,933,550
		4,680,000	3.19%, 03/10/2046		4,697,118
		985,000	4.09%, 03/10/2046⁽¹⁾⁽²⁾		796,184
		979,482	Wachovia Bank Commercial Mortgage Trust 5.31%, 11/15/2048		992,861
			Wells Fargo Commercial Mortgage Trust
		21,794,978	1.21%, 05/15/2048⁽²⁾⁽³⁾		1,604,577
		6,965,000	2.92%, 10/15/2045		6,923,330
		390,000	3.96%, 12/15/2047⁽¹⁾⁽²⁾		305,862
		665,000	4.11%, 05/15/2048⁽²⁾		535,138
		665,000	4.23%, 06/15/2048⁽²⁾		522,511
			WF-RBS Commercial Mortgage Trust
		255,115	2.88%, 12/15/2045		251,961
		450,000	3.07%, 03/15/2045		448,650
		175,000	3.44%, 04/15/2045		179,729
		905,000	3.63%, 11/15/2047		918,539
		7,015,000	3.68%, 08/15/2047		7,175,876
		120,000	3.88%, 08/15/2046		125,297
		4,775,000	4.00%, 05/15/2047		5,004,302
		4,145,000	4.05%, 03/15/2047		4,362,245
		680,286	4.10%, 03/15/2047		718,635
		315,000	4.35%, 03/15/2048⁽²⁾		292,058
		550,000	4.90%, 06/15/2044⁽¹⁾⁽²⁾		604,328
		710,000	5.00%, 06/15/2044⁽¹⁾⁽²⁾		666,058
		815,000	5.00%, 04/15/2045⁽¹⁾⁽²⁾		634,372
		1,045,000	5.56%, 04/15/2045⁽¹⁾⁽²⁾		1,041,727

					317,531,219

The accompanying notes are an integral part of these financial statements.


		151

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 33.6% - (continued)
			Whole Loan Collateral CMO - 5.1%
	$	1,430,648	Adjustable Rate Mortgage Trust 0.68%, 01/25/2036⁽²⁾	$	1,176,673
		949,806	0.69%, 11/25/2035⁽²⁾		865,682
		1,317,515	0.92%, 01/25/2036⁽²⁾		1,140,755
			Alternative Loan Trust
		350,020	0.69%, 01/25/2036⁽²⁾		311,936
		3,083,669	0.74%, 11/25/2035⁽²⁾		2,543,217
		2,505,108	5.75%, 05/25/2036		2,102,269
			American Home Mortgage Assets Trust
		1,247,704	0.61%, 09/25/2046⁽²⁾		885,838
		2,139,860	1.20%, 10/25/2046⁽²⁾		1,519,215
			Banc of America Funding Trust
		298,716	0.59%, 10/20/2036⁽²⁾		231,911
		721,645	0.63%, 02/20/2047⁽²⁾		587,818
		5,480,963	0.70%, 05/20/2047⁽²⁾		4,506,366
		6,775,017	5.77%, 05/25/2037⁽²⁾		6,067,491
		300,819	5.85%, 01/25/2037		250,414
			BCAP LLC Trust
		1,218,848	0.59%, 01/25/2037⁽²⁾		975,313
		3,206,335	0.60%, 03/25/2037⁽²⁾		2,716,866
		957,980	Bear Stearns Adjustable Rate Mortgage Trust 2.66%, 10/25/2035⁽²⁾		941,873
		3,571,617	Bear Stearns Alt-A Trust 0.92%, 01/25/2036⁽²⁾		2,823,768
		2,063,875	Bear Stearns Mortgage Funding Trust 0.60%, 10/25/2036⁽²⁾		1,708,519
		633,970	CHL Mortgage Pass-Through Trust 2.59%, 03/20/2036⁽²⁾		563,239
			Connecticut Avenue Securities
		2,240,000	3.02%, 05/25/2024⁽²⁾		1,980,399
		2,605,000	3.32%, 07/25/2024⁽²⁾		2,377,213
		5,095,000	3.42%, 07/25/2024⁽²⁾		4,619,935
		890,000	4.42%, 05/25/2025⁽²⁾		845,670
		1,575,000	5.32%, 11/25/2024⁽²⁾		1,604,672
			Countrywide Home Loans, Inc.
		905,395	2.62%, 11/20/2035⁽²⁾		808,028
		5,307,188	2.72%, 09/25/2047⁽²⁾		4,755,368
		973,784	2.74%, 04/20/2036⁽²⁾		811,559
		2,624,800	5.75%, 08/25/2037		2,460,480
		3,578,653	CS First Boston Mortgage Securities Corp. 5.50%, 06/25/2035		3,369,963
		2,304,850	Downey S & L Association Mortgage Loan Trust 1.16%, 03/19/2046⁽²⁾		1,671,993
			GMAC Mortgage Corp. Loan Trust
		3,762,119	3.07%, 09/19/2035⁽²⁾		3,473,059
		69,154	3.10%, 04/19/2036⁽²⁾		62,442
		6,633,646	GSR Mortgage Loan Trust 2.87%, 01/25/2036⁽²⁾		6,088,721
			HarborView Mortgage Loan Trust
		2,948,043	0.59%, 01/19/2038⁽²⁾		2,404,499
		8,597,449	0.64%, 12/19/2036⁽²⁾		5,961,047
		1,191,622	1.10%, 01/19/2035⁽²⁾		800,811
			IndyMac Index Mortgage Loan Trust
		3,839,905	0.70%, 07/25/2035⁽²⁾		3,153,703
		2,210,813	0.71%, 01/25/2036⁽²⁾		1,516,655
		3,030,865	0.82%, 07/25/2046⁽²⁾		1,699,791
		3,297,343	2.67%, 03/25/2036⁽²⁾		2,550,827
		1,442,643	2.67%, 08/25/2035⁽²⁾		1,147,476
		2,007,581	2.70%, 01/25/2036⁽²⁾		1,870,092


Shares or Principal Amount				Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 33.6% - (continued)
			Whole Loan Collateral CMO - 5.1% - (continued)
			JP Morgan Mortgage Trust
	$	622,073	2.67%, 04/25/2037⁽²⁾	$	545,557
		2,472,504	2.75%, 09/25/2035⁽²⁾		2,356,180
		1,501,537	2.87%, 05/25/2036⁽²⁾		1,353,715
		2,308,903	Lehman XS Trust 0.63%, 07/25/2046⁽²⁾		1,808,348
			LSTAR Securities Investment Trust
		7,075,899	2.24%, 04/01/2020⁽¹⁾⁽²⁾		6,974,183
		8,416,431	2.24%, 10/01/2020⁽¹⁾⁽²⁾		8,251,469
			Luminent Mortgage Trust
		331,355	0.62%, 10/25/2046⁽²⁾		282,395
		1,480,125	0.68%, 11/25/2035⁽²⁾		1,334,562
			Merrill Lynch Mortgage Investors Trust
		125,497	2.66%, 12/25/2035⁽²⁾		119,685
		1,314,867	2.70%, 07/25/2035⁽²⁾		1,045,678
		226,830	Morgan Stanley Mortgage Loan Trust 2.75%, 05/25/2036⁽²⁾		162,852
		117,610	Nomura Asset Acceptance Corp. Alternative Loan Trust 3.71%, 06/25/2036⁽²⁾		87,905
		2,700,278	RBSGC Mortgage Pass-Through Certificates 6.25%, 01/25/2037		2,464,526
			Residential Accredit Loans, Inc.
		398,634	0.64%, 02/25/2046⁽²⁾		169,825
		809,627	0.72%, 04/25/2036⁽²⁾		551,712
		816,663	1.06%, 09/25/2046⁽²⁾		573,589
		5,783,057	1.53%, 11/25/2037⁽²⁾		3,624,066
		1,489,194	6.00%, 12/25/2035		1,298,130
			Residential Asset Securitization Trust
		3,182,927	0.87%, 03/25/2035⁽²⁾		2,578,745
		1,528,106	6.25%, 11/25/2036		1,071,122
		772,663	Sequoia Mortgage Trust 2.67%, 07/20/2037⁽²⁾		664,002
		1,395,111	Structured Adjustable Rate Mortgage Loan Trust 0.72%, 09/25/2034⁽²⁾		1,072,789
		3,405,000	Structured Agency Credit Risk Debt Notes 2.07%, 04/25/2024⁽²⁾		3,346,500
			WaMu Mortgage Pass-Through Certificates Trust
		1,185,740	0.84%, 06/25/2044⁽²⁾		1,066,958
		657,023	2.15%, 11/25/2046⁽²⁾		587,831
			Wells Fargo Commercial Mortgage Trust
		46,838,930	1.20%, 09/15/2057⁽²⁾⁽³⁾		3,359,194
		3,250,000	2.88%, 05/15/2048⁽¹⁾⁽²⁾		2,049,745
		1,685,000	3.36%, 09/15/2058⁽¹⁾		1,043,183
		1,015,000	3.84%, 09/15/2058		1,041,738

					138,839,750


			Total Asset & Commercial Mortgage Backed Securities (cost $925,427,972)	$	920,067,501


CORPORATE BONDS - 33.7%
			Aerospace/Defense - 0.2%
	$	690,000	BAE Systems Holdings, Inc. 2.85%, 12/15/2020⁽¹⁾	$	688,243
			Lockheed Martin Corp.
		1,385,000	2.50%, 11/23/2020		1,376,785
		2,076,000	4.70%, 05/15/2046		2,126,594

The accompanying notes are an integral part of these financial statements.


		152

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 33.7% - (continued)
			Aerospace/Defense - 0.2% - (continued)
	$	1,115,000	Triumph Group, Inc. 5.25%, 06/01/2022	$	897,575

					5,089,197

			Agriculture - 0.5%
		903,000	Altria Group, Inc. 10.20%, 02/06/2039		1,480,787
		2,515,000	BAT International Finance plc 2.75%, 06/15/2020⁽¹⁾		2,514,268
			Imperial Tobacco Finance plc
		1,420,000	2.05%, 07/20/2018⁽¹⁾		1,412,125
		3,000,000	2.95%, 07/21/2020⁽¹⁾		3,005,880
		4,905,000	Reynolds American, Inc. 3.25%, 06/12/2020		4,984,966

					13,398,026

			Apparel - 0.1%
		1,770,000	William Carter Co. 5.25%, 08/15/2021		1,818,675

			Auto Manufacturers - 1.5%
		8,030,000	Daimler Finance NA LLC 1.65%, 03/02/2018⁽¹⁾		7,933,833
			Ford Motor Credit Co. LLC
		9,530,000	1.46%, 03/27/2017		9,439,579
		745,000	2.24%, 06/15/2018		738,227
		3,380,000	3.20%, 01/15/2021		3,357,141
		775,000	4.21%, 04/15/2016		781,205
		1,985,000	4.25%, 02/03/2017		2,028,092
			General Motors Financial Co., Inc.
		3,150,000	2.40%, 04/10/2018		3,134,537
		4,985,000	3.50%, 07/10/2019		5,001,700
		4,735,000	4.75%, 08/15/2017		4,907,548
		4,300,000	Volkswagen Group of America Finance LLC 1.60%, 11/20/2017⁽¹⁾		4,175,055

					41,496,917

			Auto Parts & Equipment - 0.1%
		1,950,000	Delphi Automotive plc 3.15%, 11/19/2020		1,947,479
			ZF North America Capital, Inc.
		180,000	4.50%, 04/29/2022⁽¹⁾		175,950
		330,000	4.75%, 04/29/2025⁽¹⁾		314,325

					2,437,754

			Beverages - 0.1%
		850,000	Anheuser-Busch InBev Finance, Inc. 2.15%, 02/01/2019		845,088
			Anheuser-Busch InBev Worldwide, Inc.
		1,440,000	2.50%, 07/15/2022		1,385,401
		2,220,000	3.75%, 07/15/2042		1,907,442

					4,137,931

			Biotechnology - 0.2%
		3,585,000	Celgene Corp. 4.63%, 05/15/2044		3,386,345
		1,095,000	Gilead Sciences, Inc. 3.25%, 09/01/2022		1,102,587

					4,488,932


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 33.7% - (continued)
			Chemicals - 0.2%
			CF Industries, Inc.
	$	2,700,000	4.95%, 06/01/2043	$	2,295,737
		4,570,000	5.15%, 03/15/2034		4,020,293

					6,316,030

			Coal - 0.0%
		1,640,000	Peabody Energy Corp. 6.50%, 09/15/2020		225,500

			Commercial Banks - 12.4%
			Banco Bilbao Vizcaya Argentaria S.A.
	EUR	6,000,000	7.00%, 02/19/2019^(2)(4)(5)		6,397,405
	$	3,400,000	9.00%, 05/09/2018^(2)(4)(5)		3,640,183
			Banco Santander S.A.
	EUR	7,400,000	6.25%, 03/12/2019^(2)(4)(5)		7,599,641
		1,000,000	6.25%, 09/11/2021^(2)(4)(5)		1,016,111
			Bank of America Corp.
	$	4,000,000	4.00%, 01/22/2025		3,915,712
		8,235,000	4.20%, 08/26/2024		8,170,586
		1,540,000	5.00%, 01/21/2044		1,607,283
		2,481,000	5.70%, 05/02/2017		2,587,375
		6,950,000	6.05%, 05/16/2016		7,064,612
		4,510,000	7.75%, 05/14/2038		6,119,087
		5,805,000	Bank of New York Mellon Corp. 2.60%, 08/17/2020		5,827,936
		8,030,000	Bank of Nova Scotia 4.50%, 12/16/2025		7,992,845
		10,200,000	Barclays Bank plc 6.05%, 12/04/2017⁽¹⁾		10,879,993
			Barclays plc
	EUR	1,010,000	6.50%, 09/15/2019⁽²⁾⁽⁵⁾		1,111,063
		1,420,000	8.00%, 12/15/2020⁽²⁾⁽⁵⁾		1,672,426
	$	3,245,000	8.25%, 12/15/2018⁽²⁾⁽⁵⁾		3,454,955
			BPCE S.A.
		1,410,000	5.15%, 07/21/2024⁽¹⁾		1,421,850
		3,305,000	5.70%, 10/22/2023⁽¹⁾		3,470,068
		8,750,000	Branch Banking & Trust Co. 3.63%, 09/16/2025		8,832,294
		2,880,000	Capital One Financial Corp. 6.15%, 09/01/2016		2,967,509
			Capital One NA/Mclean VA
		10,450,000	1.65%, 02/05/2018		10,346,608
		2,645,000	2.35%, 08/17/2018		2,649,970
		3,063,000	CIT Group, Inc. 5.50%, 02/15/2019⁽¹⁾		3,200,835
			Citigroup, Inc.
		6,525,000	1.85%, 11/24/2017		6,515,369
		1,025,000	2.50%, 09/26/2018		1,033,902
		1,550,000	4.30%, 11/20/2026		1,542,349
		2,450,000	4.40%, 06/10/2025		2,474,520
		9,335,000	4.45%, 09/29/2027		9,273,193
		5,510,000	4.65%, 07/30/2045		5,591,537
		1,015,000	5.50%, 09/13/2025		1,101,776
		2,195,000	6.68%, 09/13/2043		2,691,434
			Credit Agricole S.A.
	EUR	2,940,000	6.50%, 06/23/2021^(2)(4)(5)		3,278,914
	$	1,710,000	6.63%, 09/23/2019^(1)(2)(5)		1,680,930
		4,930,000	Credit Suisse Group AG 6.25%, 12/18/2024^(1)(2)(5)		4,926,293
		5,250,000	Credit Suisse Group Funding Guernsey Ltd. 3.13%, 12/10/2020⁽¹⁾		5,226,154

The accompanying notes are an integral part of these financial statements.


		153

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 33.7% - (continued)
			Commercial Banks - 12.4% - (continued)
	$	1,640,000	Credit Suisse Group Guernsey I Ltd. 7.88%, 02/24/2041⁽²⁾⁽⁴⁾	$	1,689,200
		5,080,000	Deutsche Bank AG 4.50%, 04/01/2025		4,673,138
			Goldman Sachs Group, Inc.
		550,000	1.48%, 04/23/2020⁽²⁾		550,815
		2,000,000	2.38%, 01/22/2018		2,017,280
		2,785,000	2.60%, 04/23/2020		2,763,851
		2,215,000	2.75%, 09/15/2020		2,213,545
		210,000	4.25%, 10/21/2025		208,395
		1,115,000	4.75%, 10/21/2045		1,107,615
		3,490,000	5.15%, 05/22/2045		3,392,388
		3,687,000	6.00%, 06/15/2020		4,166,716
		2,655,000	6.25%, 02/01/2041		3,166,889
		4,400,000	6.45%, 05/01/2036		4,973,993
		5,710,000	6.75%, 10/01/2037		6,674,625
			HSBC Holdings plc
		5,950,000	4.25%, 08/18/2025		5,904,822
	EUR	1,275,000	5.25%, 09/16/2022^(2)(4)(5)		1,364,822
	$	1,800,000	5.25%, 03/14/2044		1,867,723
		1,375,000	5.63%, 01/17/2020⁽²⁾⁽⁵⁾		1,376,719
		1,865,000	6.38%, 09/17/2024⁽²⁾⁽⁵⁾		1,841,687
		1,765,000	6.50%, 09/15/2037		2,117,501
		1,130,000	6.80%, 06/01/2038		1,406,566
		1,350,000	HSBC USA, Inc. 2.75%, 08/07/2020		1,350,135
			JP Morgan Chase & Co.
		1,055,000	2.55%, 10/29/2020		1,046,147
		1,050,000	2.60%, 01/15/2016		1,050,439
		14,030,000	4.25%, 10/01/2027		13,996,468
		3,820,000	4.35%, 08/15/2021		4,065,370
		760,000	5.60%, 07/15/2041		877,246
		9,885,000	5.63%, 08/16/2043		10,756,857
		3,125,000	6.00%, 01/15/2018		3,375,191
	EUR	1,290,000	KBC Groep N.V. 5.63%, 03/19/2019^(2)(4)(5)		1,401,907
			Lloyds Banking Group plc
		4,115,000	6.38%, 06/27/2020^(2)(4)(5)		4,716,861
	GBP	2,345,000	7.00%, 06/27/2019^(2)(4)(5)		3,508,854
			Morgan Stanley
	$	5,275,000	3.95%, 04/23/2027		5,119,804
		3,275,000	4.00%, 07/23/2025		3,372,510
		4,270,000	4.30%, 01/27/2045		4,074,041
		2,915,000	4.35%, 09/08/2026		2,924,529
		500,000	4.88%, 11/01/2022		530,626
		5,925,000	5.55%, 04/27/2017		6,216,753
		5,240,000	6.25%, 08/28/2017		5,610,589
		1,600,000	7.30%, 05/13/2019		1,837,934
		1,024,000	PNC Bank NA 6.88%, 04/01/2018		1,122,164
			Royal Bank of Scotland Group plc
		1,815,000	6.13%, 12/15/2022		1,975,987
		4,270,000	7.50%, 08/10/2020⁽²⁾⁽⁵⁾		4,446,137
		910,000	8.00%, 08/10/2025⁽²⁾⁽⁵⁾		962,325
		14,000,000	Santander Issuances SAU 5.18%, 11/19/2025		13,787,872
		3,610,000	Santander UK Group Holdings plc 4.75%, 09/15/2025⁽¹⁾		3,562,373
		5,785,000	Societe Generale S.A. 8.25%, 11/29/2018^(2)(4)(5)		6,132,100
		1,800,000	Standard Chartered plc 6.50%, 04/02/2020^(1)(2)(5)		1,739,126


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 33.7% - (continued)
			Commercial Banks - 12.4% - (continued)
	$	4,795,000	SunTrust Banks, Inc. 3.50%, 01/20/2017	$	4,877,762
		1,600,000	UBS AG 7.63%, 08/17/2022		1,824,000
			Wells Fargo & Co.
		2,895,000	2.60%, 07/22/2020		2,887,583
		4,500,000	4.90%, 11/17/2045		4,540,131
		74,000	5.38%, 11/02/2043		79,198
		5,270,000	5.61%, 01/15/2044		5,854,438

					340,384,465

			Commercial Services - 0.2%
		2,045,000	ADT Corp. 6.25%, 10/15/2021		2,136,105
		1,430,000	Cardtronics, Inc. 5.13%, 08/01/2022		1,379,950
			United Rentals North America, Inc.
		470,000	4.63%, 07/15/2023		468,825
		600,000	5.50%, 07/15/2025		582,000

					4,566,880

			Construction Materials - 0.2%
			Building Materials Corp. of America
		1,130,000	5.38%, 11/15/2024⁽¹⁾		1,127,175
		930,000	6.00%, 10/15/2025⁽¹⁾		948,600
		3,000,000	CRH America, Inc. 5.13%, 05/18/2045⁽¹⁾		3,001,719
		1,015,000	Norbord, Inc. 6.25%, 04/15/2023⁽¹⁾		1,002,312
		35,000	USG Corp. 5.50%, 03/01/2025⁽¹⁾		35,525

					6,115,331

			Diversified Financial Services - 1.2%
		255,000	Aircastle Ltd. 5.50%, 02/15/2022		261,375
		3,992,000	Bear Stearns Cos LLC 5.55%, 01/22/2017		4,148,518
			GE Capital International Funding Co.
		315,000	2.34%, 11/15/2020⁽¹⁾		312,373
		1,871,000	4.42%, 11/15/2035⁽¹⁾		1,909,322
			General Electric Capital Corp.
		154,000	5.88%, 01/14/2038		188,428
		388,000	6.88%, 01/10/2039		528,872
		2,285,000	Intercontinental Exchange, Inc. 2.75%, 12/01/2020		2,284,433
			International Lease Finance Corp.
		3,920,000	5.88%, 04/01/2019		4,155,200
		1,620,000	6.75%, 09/01/2016⁽¹⁾		1,664,550
			Navient Corp.
		1,590,000	5.50%, 01/15/2019		1,486,650
		1,005,000	7.25%, 01/25/2022		939,675
		3,925,000	Synchrony Financial 2.60%, 01/15/2019		3,910,898
			Visa, Inc.
		4,280,000	1.20%, 12/14/2017		4,275,202
		5,140,000	2.80%, 12/14/2022		5,161,244
		3,360,000	4.30%, 12/14/2045		3,408,918

					34,635,658

			Electric - 0.5%
		460,000	AES Corp. 5.50%, 03/15/2024		410,550

The accompanying notes are an integral part of these financial statements.


		154

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 33.7% - (continued)
			Electric - 0.5% - (continued)
	$	1,935,000	Duke Energy Carolinas LLC 4.25%, 12/15/2041	$	1,928,713
		3,015,000	Duke Energy Progress LLC 4.38%, 03/30/2044		3,062,507
		3,600,000	Electricite de France S.A. 4.95%, 10/13/2045⁽¹⁾		3,495,431
		3,070,000	Exelon Corp. 2.85%, 06/15/2020		3,053,216
		1,100,000	Pacific Gas & Electric Co. 8.25%, 10/15/2018		1,278,493

					13,228,910

			Electrical Components & Equipment - 0.0%
		945,000	EnerSys 5.00%, 04/30/2023⁽¹⁾		940,275

			Engineering & Construction - 0.5%
		5,620,000	SBA Tower Trust 2.93%, 12/15/2042⁽¹⁾		5,686,462
		7,645,000	3.60%, 04/15/2043⁽¹⁾		7,617,507

					13,303,969

			Environmental Control - 0.1%
			Clean Harbors, Inc.
		345,000	5.13%, 06/01/2021		349,312
		1,385,000	5.25%, 08/01/2020		1,412,700

					1,762,012

			Food - 0.4%
			Kraft Heinz Foods Co.
		7,100,000	2.00%, 07/02/2018⁽¹⁾		7,066,488
		1,355,000	2.80%, 07/02/2020⁽¹⁾		1,351,496
		1,645,000	Minerva Luxembourg S.A. 7.75%, 01/31/2023⁽¹⁾		1,546,300

					9,964,284

			Forest Products & Paper - 0.1%
			Cascades, Inc.
		335,000	5.50%, 07/15/2022⁽¹⁾		324,950
		560,000	5.75%, 07/15/2023⁽¹⁾		537,600
		1,415,000	Clearwater Paper Corp. 5.38%, 02/01/2025⁽¹⁾		1,369,012

					2,231,562

			Gas - 0.0%
		160,000	Southern Star Central Corp. 5.13%, 07/15/2022⁽¹⁾		132,000

			Healthcare-Products - 0.6%
			Danaher Corp.
		1,790,000	2.40%, 09/15/2020		1,789,945
		1,060,000	3.35%, 09/15/2025		1,076,105
		280,000	Hologic, Inc. 5.25%, 07/15/2022⁽¹⁾		285,600
			Medtronic, Inc.
		3,220,000	2.50%, 03/15/2020		3,242,846
		2,205,000	3.15%, 03/15/2022		2,229,072
		2,700,000	4.38%, 03/15/2035		2,729,273
		5,495,000	Zimmer Biomet Holdings, Inc. 1.45%, 04/01/2017		5,468,239

					16,821,080


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 33.7% - (continued)
			Healthcare-Services - 0.9%
	$		Anthem, Inc.	$
		6,210,000	3.50%, 08/15/2024		6,063,332
		2,450,000	4.63%, 05/15/2042		2,313,574
		805,000	Community Health Systems, Inc. 5.13%, 08/01/2021		800,975
		3,660,000	HCA, Inc. 6.50%, 02/15/2020		3,987,570
		660,000	LifePoint Health, Inc. 5.88%, 12/01/2023		669,900
		220,000	MEDNAX, Inc. 5.25%, 12/01/2023⁽¹⁾		221,100
		3,695,000	Tenet Healthcare Corp. 6.00%, 10/01/2020		3,888,988
			UnitedHealth Group, Inc.
		2,775,000	3.35%, 07/15/2022		2,838,387
		2,550,000	3.75%, 07/15/2025		2,628,734
		925,000	4.75%, 07/15/2045		974,293

					24,386,853

			Holding Companies-Diversified - 0.2%
		5,700,000	Hutchison Whampoa International Ltd. 2.00%, 11/08/2017⁽¹⁾		5,697,555

			Home Builders - 0.1%
		920,000	Agile Property Holdings Ltd. 8.88%, 04/28/2017⁽⁴⁾		926,900
		1,805,000	Lennar Corp. 4.50%, 06/15/2019		1,835,459
		1,050,000	Meritage Homes Corp. 6.00%, 06/01/2025		1,047,375
		65,000	Toll Brothers Finance Corp. 4.88%, 11/15/2025		63,863

					3,873,597

			Insurance - 0.4%
		3,305,000	American International Group, Inc. 4.70%, 07/10/2035		3,284,942
			CNO Financial Group, Inc.
		55,000	4.50%, 05/30/2020		56,100
		240,000	5.25%, 05/30/2025		244,200
			Marsh & McLennan Cos., Inc.
		1,140,000	2.55%, 10/15/2018		1,150,859
		2,070,000	3.50%, 03/10/2025		2,037,863
		2,333,000	Massachusetts Mutual Life Insurance Co. 8.88%, 06/01/2039⁽¹⁾		3,387,749
		325,000	Pacific Life Insurance Co. 9.25%, 06/15/2039⁽¹⁾		472,114

					10,633,827

			Iron/Steel - 0.1%
			ArcelorMittal
		800,000	5.13%, 06/01/2020		664,000
		320,000	6.13%, 06/01/2025		232,800
			Steel Dynamics, Inc.
		240,000	5.13%, 10/01/2021		222,000
		255,000	5.50%, 10/01/2024		232,687
		1,265,000	United States Steel Corp. 7.38%, 04/01/2020		657,294

					2,008,781

The accompanying notes are an integral part of these financial statements.


		155

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 33.7% - (continued)
			IT Services - 0.1%
	$	2,825,000	Apple, Inc. 3.45%, 02/09/2045	$	2,432,206

			Lodging - 0.0%
		1,205,000	Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp. 5.38%, 03/15/2022		1,145,027

			Machinery-Construction & Mining - 0.0%
		525,000	Oshkosh Corp. 5.38%, 03/01/2025		514,500

			Machinery-Diversified - 0.1%
		1,301,000	Case New Holland Industrial, Inc. 7.88%, 12/01/2017		1,375,807

			Media - 2.6%
			21st Century Fox America, Inc.
		1,640,000	3.70%, 10/15/2025⁽¹⁾		1,635,934
		2,775,000	6.15%, 03/01/2037		3,093,539
		1,175,000	6.20%, 12/15/2034		1,334,147
		1,955,000	8.00%, 10/17/2016		2,056,652
			CCO Holdings LLC / CCO Holdings Capital Corp.
		80,000	5.13%, 02/15/2023		80,100
		65,000	5.25%, 09/30/2022		65,650
		385,000	5.75%, 09/01/2023		394,625
			CCO Safari II LLC
		3,345,000	3.58%, 07/23/2020⁽¹⁾		3,324,960
		2,250,000	4.46%, 07/23/2022⁽¹⁾		2,242,147
		5,390,000	4.91%, 07/23/2025⁽¹⁾		5,384,756
		6,105,000	6.48%, 10/23/2045⁽¹⁾		6,115,006
		1,270,000	CCOH Safari LLC 5.75%, 02/15/2026⁽¹⁾		1,273,175
			Comcast Corp.
		2,745,000	4.75%, 03/01/2044		2,851,253
		425,000	5.70%, 07/01/2019		476,514
			Cox Communications, Inc.
		1,045,000	3.25%, 12/15/2022⁽¹⁾		949,605
		1,985,000	3.85%, 02/01/2025⁽¹⁾		1,818,580
		1,985,000	DIRECTV Holdings LLC 3.80%, 03/15/2022		1,997,551
			DISH DBS Corp.
		860,000	5.88%, 11/15/2024		765,400
		1,785,000	7.88%, 09/01/2019		1,941,188
			Grupo Televisa S.A.B.
		500,000	5.00%, 05/13/2045		429,902
		1,905,000	6.13%, 01/31/2046		1,893,761
		1,720,000	Liberty Interactive LLC 8.25%, 02/01/2030		1,711,400
		1,715,000	NBC Universal Media LLC 5.95%, 04/01/2041		2,050,994
		645,000	Numericable-SFR SAS 4.88%, 05/15/2019⁽¹⁾		639,356
			Sky plc
		1,395,000	2.63%, 09/16/2019⁽¹⁾		1,388,555
		2,290,000	3.13%, 11/26/2022⁽¹⁾		2,223,180
			TEGNA, Inc.
		4,005,000	5.13%, 10/15/2019		4,145,175
		565,000	5.13%, 07/15/2020		586,188
			Time Warner Cable, Inc.
		2,110,000	4.50%, 09/15/2042		1,655,890
		1,350,000	8.75%, 02/14/2019		1,566,072


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 33.7% - (continued)
			Media - 2.6% - (continued)
			Time Warner Entertainment Co., L.P.
	$	80,000	8.38%, 03/15/2023	$	98,247
		7,100,000	8.38%, 07/15/2033		8,375,934
			Time Warner, Inc.
		2,010,000	3.60%, 07/15/2025		1,956,693
		2,725,000	6.10%, 07/15/2040		2,943,381
		1,900,000	6.50%, 11/15/2036		2,145,771
		650,000	Unitymedia Hessen GmbH & Co. KG / Unitymedia NRW GmbH 5.50%, 01/15/2023⁽¹⁾		648,375

					72,259,656

			Mining - 0.1%
		3,065,000	Corp. Nacional del Cobre de Chile 4.50%, 09/16/2025⁽¹⁾		2,886,268

			Miscellaneous Manufacturing - 0.2%
		4,618,770	General Electric Co. 4.10%, 12/15/2022⁽²⁾⁽⁵⁾		4,607,223

			Oil & Gas - 2.1%
		2,590,000	Anadarko Petroleum Corp. 6.38%, 09/15/2017		2,715,931
		435,000	Antero Resources Corp. 5.63%, 06/01/2023⁽¹⁾		339,300
		1,760,000	BP Capital Markets plc 2.52%, 01/15/2020		1,754,276
		2,515,000	Cenovus Energy, Inc. 5.20%, 09/15/2043		1,968,714
		6,110,000	CNPC General Capital Ltd 1.45%, 04/16/2016⁽¹⁾		6,108,106
		2,695,000	ConocoPhillips Co. 3.35%, 11/15/2024		2,464,621
		1,465,000	Continental Resources, Inc. 5.00%, 09/15/2022		1,080,437
		775,000	Devon Energy Corp. 5.85%, 12/15/2025		753,722
		3,225,000	Ecopetrol S.A. 5.88%, 05/28/2045		2,289,750
		4,090,000	EnCana Corp. 6.50%, 05/15/2019		3,987,652
		1,695,000	Harvest Operations Corp. 6.88%, 10/01/2017		1,296,675
			Hess Corp.
		1,145,000	5.60%, 02/15/2041		965,141
		1,370,000	6.00%, 01/15/2040		1,214,517
		2,425,000	Kerr-McGee Corp. 6.95%, 07/01/2024		2,605,187
		2,780,000	Marathon Oil Corp. 2.70%, 06/01/2020		2,451,246
		3,315,000	Pertamina Persero PT 5.63%, 05/20/2043⁽⁴⁾		2,594,462
			Petrobras Global Finance B.V.
	GBP	2,275,000	5.38%, 10/01/2029		1,922,565
	$	3,230,000	6.75%, 01/27/2041		2,067,200
			Petroleos Mexicanos
		4,105,000	6.63%, 06/15/2035		3,668,844
	MXN	70,000,000	7.47%, 11/12/2026		3,631,576
			Pioneer Natural Resources Co.
	$	660,000	6.65%, 03/15/2017		681,425
		2,090,000	7.50%, 01/15/2020		2,219,799

The accompanying notes are an integral part of these financial statements.


		156

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 33.7% - (continued)
			Oil & Gas - 2.1% - (continued)
			QEP Resources, Inc.
	$	10,000	5.25%, 05/01/2023	$	7,100
		45,000	5.38%, 10/01/2022		32,400
		55,000	6.80%, 03/01/2020		49,500
		255,000	SM Energy Co. 6.13%, 11/15/2022		187,425
			Statoil ASA
		15,000	3.70%, 03/01/2024		15,197
		3,400,000	3.95%, 05/15/2043		3,073,454
		250,000	Tesoro Corp. 5.13%, 04/01/2024		248,750
		190,000	WPX Energy, Inc. 5.25%, 09/15/2024		125,400
		4,350,000	YPF S.A. 8.50%, 07/28/2025⁽⁴⁾		4,143,375
		1,365,000	Zhaikmunai LLP 7.13%, 11/13/2019⁽⁴⁾		1,061,288

					57,725,035

			Oil & Gas Services - 0.1%
		1,555,000	Halliburton Co. 2.70%, 11/15/2020		1,537,037

			Packaging & Containers - 0.1%
		310,000	Ball Corp. 4.38%, 12/15/2020		314,844
		1,020,000	Graphic Packaging International, Inc. 4.88%, 11/15/2022		1,032,750
		505,000	Owens-Brockway Glass Container, Inc. 5.88%, 08/15/2023⁽¹⁾		512,575

					1,860,169

			Pharmaceuticals - 1.1%
			Actavis Funding SCS
		8,270,000	2.35%, 03/12/2018		8,278,617
		7,600,000	3.00%, 03/12/2020		7,593,958
			Cardinal Health, Inc.
		1,350,000	1.95%, 06/15/2018		1,346,484
		4,880,000	3.50%, 11/15/2024		4,885,666
		3,525,000	EMD Finance LLC 2.95%, 03/19/2022⁽¹⁾		3,401,100
			Mylan N.V.
		1,485,000	3.00%, 12/15/2018⁽¹⁾		1,481,723
		1,705,000	3.75%, 12/15/2020⁽¹⁾		1,706,787
		1,770,000	Perrigo Co. plc 1.30%, 11/08/2016		1,757,482
		395,000	Quintiles Transnational Corp. 4.88%, 05/15/2023⁽¹⁾		396,975

					30,848,792

			Pipelines - 0.9%
		430,000	Crestwood Midstream Partners L.P. / Crestwood Midstream Finance Corp. 6.25%, 04/01/2023⁽¹⁾		299,925
			DCP Midstream LLC
		120,000	5.35%, 03/15/2020⁽¹⁾		103,205
		145,000	9.75%, 03/15/2019⁽¹⁾		147,646
			DCP Midstream Operating L.P.
		200,000	2.70%, 04/01/2019		162,018
		100,000	3.88%, 03/15/2023		75,483
		326,000	4.95%, 04/01/2022		266,801
		215,000	5.60%, 04/01/2044		130,574


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 33.7% - (continued)
			Pipelines - 0.9% - (continued)
	$	3,137,000	Energy Transfer Equity L.P. 7.50%, 10/15/2020	$	2,901,725
			Energy Transfer Partners L.P.
		435,000	4.75%, 01/15/2026		365,871
		9,305,000	5.95%, 10/01/2043		7,464,936
		3,500,000	Kinder Morgan, Inc. 5.05%, 02/15/2046		2,595,642
			MPLX L.P.
		480,000	4.88%, 12/01/2024⁽¹⁾		430,800
		495,000	4.88%, 06/01/2025⁽¹⁾		443,025
		1,575,000	Regency Energy Partners L.P. 5.88%, 03/01/2022		1,484,534
		1,550,000	Sunoco Logistics Partners Operations L.P. 4.25%, 04/01/2024		1,340,562
			Tesoro Logistics L.P.
		605,000	5.50%, 10/15/2019⁽¹⁾		586,850
		905,000	6.25%, 10/15/2022⁽¹⁾		857,488
			Williams Partners L.P.
		6,110,000	3.60%, 03/15/2022		4,805,020
		1,140,000	4.30%, 03/04/2024		903,383

					25,365,488

			Real Estate - 0.2%
		5,110,000	ProLogis L.P. 3.35%, 02/01/2021		5,174,268

			Real Estate Investment Trusts - 1.3%
			American Tower Corp.
		3,065,000	3.40%, 02/15/2019		3,144,043
		1,760,000	4.50%, 01/15/2018		1,835,492
		3,650,000	Brandywine Operating Partnership L.P. 3.95%, 02/15/2023		3,553,290
			Duke Realty L.P.
		2,530,000	3.63%, 04/15/2023		2,471,979
		940,000	3.75%, 12/01/2024		914,261
			HCP, Inc.
		3,100,000	4.00%, 06/01/2025		3,026,880
		2,810,000	4.25%, 11/15/2023		2,813,951
			Kimco Realty Corp.
		3,610,000	3.13%, 06/01/2023		3,495,130
		1,485,000	3.40%, 11/01/2022		1,471,025
			Liberty Property L.P.
		2,165,000	3.38%, 06/15/2023		2,053,357
		1,430,000	4.13%, 06/15/2022		1,446,291
		2,766,000	Realty Income Corp. 3.25%, 10/15/2022		2,669,320
		1,245,000	UDR, Inc. 3.70%, 10/01/2020		1,286,060
		1,275,000	Ventas Realty L.P. / Ventas Capital Corp. 3.25%, 08/15/2022		1,241,201
		4,955,000	Welltower, Inc. 4.50%, 01/15/2024		5,069,089

					36,491,369

			Retail - 0.7%
			CVS Health Corp.
		6,580,000	2.80%, 07/20/2020		6,609,557
		2,020,000	3.88%, 07/20/2025		2,061,572
		3,800,000	5.13%, 07/20/2045		4,003,038

The accompanying notes are an integral part of these financial statements.


		157

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 33.7% - (continued)
			Retail - 0.7% - (continued)
	$	1,684,857	CVS Pass-Through Trust 8.35%, 07/10/2031⁽¹⁾	$	2,084,899
			Group 1 Automotive, Inc.
		600,000	5.00%, 06/01/2022		594,000
		115,000	5.25%, 12/15/2023⁽¹⁾		113,850
		2,750,000	Home Depot, Inc. 4.25%, 04/01/2046		2,811,300
		1,225,000	McDonald’s Corp. 2.75%, 12/09/2020		1,224,156
		300,000	Sally Holdings LLC / Sally Capital, Inc. 5.63%, 12/01/2025		303,000

					19,805,372

			Savings & Loans - 0.3%
			Nationwide Building Society
		1,025,000	2.35%, 01/21/2020⁽¹⁾		1,018,108
	GBP	4,235,000	6.88%, 06/20/2019^(2)(4)(5)		6,258,845

					7,276,953

			Semiconductors - 0.2%
			NXP B.V. / NXP Funding LLC
	$	420,000	4.13%, 06/15/2020⁽¹⁾		420,000
		500,000	4.63%, 06/15/2022⁽¹⁾		491,250
		1,290,000	QUALCOMM, Inc. 3.45%, 05/20/2025		1,237,315
		525,000	Sensata Technologies B.V. 5.00%, 10/01/2025⁽¹⁾		513,188
		310,000	Sensata Technologies UK Financing Co. plc 6.25%, 02/15/2026⁽¹⁾		322,400
		3,561,000	TSMC Global Ltd. 1.63%, 04/03/2018⁽¹⁾		3,490,225

					6,474,378

			Shipbuilding - 0.0%
		145,000	Huntington Ingalls Industries, Inc. 5.00%, 11/15/2025⁽¹⁾		147,175

			Software - 0.5%
		3,915,000	Activision Blizzard, Inc. 5.63%, 09/15/2021⁽¹⁾		4,100,962
		1,850,000	Audatex North America, Inc. 6.00%, 06/15/2021⁽¹⁾		1,863,875
			First Data Corp.
		100,000	5.00%, 01/15/2024⁽¹⁾		99,500
		1,180,000	5.38%, 08/15/2023⁽¹⁾		1,185,900
		162,000	6.75%, 11/01/2020⁽¹⁾		169,898
		4,330,000	Hewlett Packard Enterprise Co. 2.45%, 10/05/2017⁽¹⁾		4,326,328
			MSCI, Inc.
		385,000	5.25%, 11/15/2024⁽¹⁾		390,775
		465,000	5.75%, 08/15/2025⁽¹⁾		476,625
		350,000	Open Text Corp. 5.63%, 01/15/2023⁽¹⁾		346,500

					12,960,363

			Telecommunications - 1.7%
		345,000	Altice Financing S.A. 6.63%, 02/15/2023⁽¹⁾		340,688
			AT&T, Inc.
		1,245,000	4.50%, 05/15/2035		1,151,452
		3,095,000	4.75%, 05/15/2046		2,833,770
		205,000	5.80%, 02/15/2019		226,166


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 33.7% - (continued)
			Telecommunications - 1.7% - (continued)
	$	610,000	CommScope, Inc. 4.38%, 06/15/2020⁽¹⁾	$	614,575
		3,005,000	Digicel Group Ltd. 7.13%, 04/01/2022⁽⁴⁾		2,253,750
		370,000	Frontier Communications Corp. 10.50%, 09/15/2022⁽¹⁾		368,613
		7,400,000	GTP Acquisition Partners I LLC 3.48%, 06/15/2050⁽¹⁾		7,285,300
		890,000	Inmarsat Finance plc 4.88%, 05/15/2022⁽¹⁾		867,750
		955,000	Nokia Oyj 6.63%, 05/15/2039		977,089
			Sprint Communications, Inc.
		2,370,000	7.00%, 03/01/2020⁽¹⁾		2,375,925
		1,766,000	9.00%, 11/15/2018⁽¹⁾		1,858,715
			T-Mobile USA, Inc.
		1,995,000	6.46%, 04/28/2019		2,054,491
		860,000	6.63%, 04/28/2021		892,250
			Verizon Communications, Inc.
		6,623,000	4.27%, 01/15/2036		5,979,231
		3,185,000	4.40%, 11/01/2034		2,938,573
		4,926,000	4.52%, 09/15/2048		4,405,307
		8,189,000	4.67%, 03/15/2055		7,109,698
		1,240,000	Wind Acquisition Finance S.A. 4.75%, 07/15/2020⁽¹⁾		1,227,600

					45,760,943

			Transportation - 0.6%
		1,180,000	Canadian Pacific Railway Co. 9.45%, 08/01/2021		1,524,238
		5,625,000	Kansas City Southern 3.00%, 05/15/2023⁽¹⁾		5,322,898
			Penske Truck Leasing Co. L.P. / PTL Finance Corp.
		970,000	2.50%, 06/15/2019⁽¹⁾		954,158
		5,380,000	2.88%, 07/17/2018⁽¹⁾		5,413,862
		1,490,000	4.88%, 07/11/2022⁽¹⁾		1,549,740
		1,435,000	Ryder System, Inc. 2.55%, 06/01/2019		1,426,284

					16,191,180


			Total Corporate Bonds (cost $952,439,171)	$	922,935,210



FOREIGN GOVERNMENT OBLIGATIONS - 3.3%
			Angola - 0.0%
	$	1,130,000	Republic of Angola 9.50%, 11/12/2025⁽¹⁾	$	1,050,900

			Brazil - 0.3%
			Brazil Notas do Tesouro Nacional Series B
	BRL	12,530,626	6.00%, 05/15/2019⁽⁶⁾		3,078,805
		22,725,269	6.00%, 08/15/2022⁽⁶⁾		5,395,365
		2,270,000	Brazilian Government International Bond 10.25%, 01/10/2028		504,923

					8,979,093

The accompanying notes are an integral part of these financial statements.


		158

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
FOREIGN GOVERNMENT OBLIGATIONS - 3.3% - (continued)
			Cameroon - 0.1%
	$	3,796,000	Republic of Cameroon International Bond 9.50%, 11/19/2025⁽¹⁾	$	3,530,280

			Colombia - 0.1%
			Colombian TES
	COP	7,567,097,460	3.00%, 03/25/2033⁽⁶⁾		2,022,040
		3,536,334,053	3.50%, 03/10/2021⁽⁶⁾		1,117,529

					3,139,569

			Costa Rica - 0.1%
	CRC	756,700,000	Costa Rica Government International Bond 9.20%, 03/27/2019⁽¹⁾		1,470,850

			Dominican Republic - 0.1%
	$	2,990,000	Dominican Republic International Bond 5.50%, 01/27/2025⁽¹⁾		2,877,875

			Gabon - 0.1%
		3,355,000	Gabon Government International Bond 6.38%, 12/12/2024⁽⁴⁾		2,662,461

			Hungary - 0.0%
	HUF	137,490,000	Hungary Government Bond 5.50%, 06/24/2025		553,483

			Indonesia - 0.4%
	$	4,305,000	Indonesia Government International Bond 4.75%, 01/08/2026⁽¹⁾		4,251,885
			Indonesia Treasury Bond
	IDR	63,456,000,000	7.00%, 05/15/2027		3,955,907
		45,837,000,000	8.38%, 03/15/2034		3,113,724

					11,321,516

			Jamaica - 0.1%
	$	1,435,000	Jamaica Government International Bond 6.75%, 04/28/2028		1,424,237

			Malaysia - 0.1%
	MYR	8,670,000	Malaysia Government Bond 3.49%, 03/31/2020		2,009,891

			Mexico - 0.3%
	MXN	37,392,300	Mexican Bonos 10.00%, 12/05/2024		2,731,214
			Mexico Government International Bond
	$	5,950,000	4.60%, 01/23/2046		5,265,773
	GBP	460,000	5.63%, 03/19/2114		620,477

					8,617,464

			Peru - 0.2%
	PEN	15,541,000	Peru Government Bond 5.20%, 09/12/2023		4,077,550
	$	1,635,000	Peruvian Government International Bond 4.13%, 08/25/2027		1,602,300

					5,679,850

			Poland - 0.1%
	PLN	6,262,000	Poland Government Bond 3.25%, 07/25/2025		1,641,881

			Romania - 0.0%
	RON	2,030,000	Romania Government Bond 5.85%, 04/26/2023		562,837


Shares or Principal Amount				Market Value^†
FOREIGN GOVERNMENT OBLIGATIONS - 3.3% - (continued)
			Russia - 0.2%
			Russian Federal Bond - OFZ
	RUB	100,485,000	7.50%, 02/27/2019	$	1,292,127
		348,065,000	14.42%, 01/29/2020⁽²⁾		4,894,366

					6,186,493

			South Africa - 0.1%
	ZAR	44,965,000	South Africa Government Bond 7.75%, 02/28/2023		2,640,985

			Thailand - 0.1%
	THB	56,979,000	Thailand Government Bond 3.85%, 12/12/2025		1,767,468

			Tunisia - 0.1%
	$	2,975,000	Banque Centrale de Tunisie S.A. 5.75%, 01/30/2025⁽⁴⁾		2,574,773

			Turkey - 0.3%
			Turkey Government Bond
	TRY	17,081,003	2.00%, 04/16/2025⁽⁶⁾		5,498,321
		6,207,668	2.50%, 05/04/2016⁽⁶⁾		2,119,492
		5,240,000	7.10%, 03/08/2023		1,484,553

					9,102,366

			Uruguay - 0.5%
			Uruguay Government International Bond
	UYU	98,773,607	3.70%, 06/26/2037⁽⁶⁾		2,583,831
		160,538,455	4.25%, 04/05/2027⁽⁶⁾		4,848,621
	$	4,590,000	4.38%, 10/27/2027		4,509,675
	UYU	35,545,044	4.38%, 12/15/2028⁽⁶⁾		1,069,381

					13,011,508


			Total Foreign Government Obligations (cost $100,184,951)	$	90,805,780


MUNICIPAL BONDS - 1.1%
			Development - 0.1%
			State of California
	$	790,000	7.60%, 11/01/2040	$	1,172,558
		175,000	7.63%, 03/01/2040		254,847

					1,427,405

			General - 0.3%
		4,560,000	Chicago Transit Auth 6.90%, 12/01/2040		5,299,723
			Puerto Rico Commonwealth Gov’t Employees Retirement System
		3,325,000	6.15%, 07/01/2038		989,187
		1,575,000	6.20%, 07/01/2039		468,563
		7,965,000	6.30%, 07/01/2043		2,369,587
		1,995,000	6.55%, 07/01/2058		593,513

					9,720,573

			General Obligation - 0.4%
		6,650,000	California State GO, Taxable 7.55%, 04/01/2039		9,659,192
		2,300,000	Illinois State, GO 5.10%, 06/01/2033		2,174,995

					11,834,187

			Higher Education - 0.2%
		5,580,000	University of California 4.60%, 05/15/2031		5,947,666

The accompanying notes are an integral part of these financial statements.


		159

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
MUNICIPAL BONDS - 1.1% - (continued)
			Utility - Electric - 0.1%
	$	1,485,000	Municipal Electric Auth. Georgia 6.64%, 04/01/2057	$	1,782,163


			Total Municipal Bonds (cost $33,898,344)	$	30,711,994



SENIOR FLOATING RATE INTERESTS - 5.8%⁽⁷⁾
			Advertising - 0.0%
	$	875,425	Acosta Holdco, Inc. 4.25%, 09/26/2021	$	830,717

			Aerospace/Defense - 0.1%
		1,759,091	BE Aerospace, Inc. 4.00%, 12/16/2021		1,755,133
		259,760	DigitalGlobe, Inc. 4.75%, 01/31/2020		254,349
		992,861	Transdigm, Inc. 3.50%, 05/14/2022		959,530

					2,969,012

			Agriculture - 0.0%
		721,641	Pinnacle Operating Corp. 4.75%, 11/15/2018		685,559

			Airlines - 0.0%
		940,900	Delta Air Lines, Inc. 3.25%, 10/18/2018		936,327

			Auto Manufacturers - 0.2%
			Chrysler Group LLC
		1,515,500	3.25%, 12/31/2018		1,499,587
		2,634,637	3.50%, 05/24/2017		2,623,282
		527,350	Jaguar Holding Co. 4.25%, 08/18/2022		511,529
		542,193	MPG Holdco I Inc. 3.75%, 10/20/2021		528,893

					5,163,291

			Auto Parts & Equipment - 0.1%
		455,707	Affinia Group Intermediate Holdings, Inc. 4.75%, 04/27/2020		453,716
		768,300	CS Intermediate Holdco 2 LLC 4.00%, 04/04/2021		754,855
		1,627,261	Tower Automotive Holdings USA LLC 4.00%, 04/23/2020		1,554,034

					2,762,605

			Chemicals - 0.2%
		468,415	AIlnex (Luxembourg) & Cy SCA 4.50%, 10/03/2019		464,611
		243,038	AIlnex USA, Inc. 4.50%, 10/03/2019		241,065
		1,149,225	Chemours Co. 3.75%, 05/12/2022		1,049,622
		3,435,734	Ineos U.S. Finance LLC 3.75%, 05/04/2018		3,340,289
		606,290	Nexeo Solutions LLC 5.00%, 09/08/2017		575,599
		681,848	Univar, Inc. 4.25%, 07/01/2022		658,644

					6,329,830


Shares or Principal Amount				Market Value^†
SENIOR FLOATING RATE INTERESTS - 5.8%⁽⁷⁾ - (continued)
			Coal - 0.1%
	$	540,000	American Energy - Marcellus LLC 5.25%, 08/04/2020	$	141,750
		2,865,808	Arch Coal, Inc. 6.25%, 05/16/2018		1,261,758

					1,403,508

			Commercial Services - 0.1%
		989,147	Moneygram International, Inc. 4.25%, 03/27/2020		900,945
		649,406	ON Assignment, Inc. 3.75%, 06/03/2022		645,886
		1,262,883	ServiceMaster Co. 4.25%, 07/01/2021		1,247,097

					2,793,928

			Distribution/Wholesale - 0.0%
		730,850	ABC Supply Co., Inc. 3.50%, 04/16/2020		723,768

			Diversified Financial Services - 0.1%
		765,000	Delos Finance S.a.r.l. 3.50%, 03/06/2021		761,037
		292,054	TransFirst, Inc. 4.75%, 11/12/2021		289,186
		1,084,426	Walter Investment Management Corp. 4.75%, 12/19/2020		929,223

					1,979,446

			Electric - 0.1%
		1,367,007	Calpine Corp. 3.25%, 01/31/2022		1,291,822
		625,000	Chief Exploration & Development LLC 7.50%, 05/12/2021		416,669
		600,000	Energy Future Intermediate Holding Co. LLC 4.25%, 06/19/2016		597,150
		2,128,209	Seadrill Partners Finco LLC 4.00%, 02/21/2021		879,652
		800,000	Texas Competitive Electric Holdings Co. LLC 4.73%, 10/10/2017⁽⁸⁾		246,800

					3,432,093

			Electronics - 0.1%
		2,810,547	CDW LLC 3.25%, 04/29/2020		2,736,068

			Entertainment - 0.0%
		579,150	Scientific Games International, Inc. 6.00%, 10/01/2021		526,198

			Food - 0.2%
			Albertsons LLC
		798,963	5.50%, 08/25/2021		791,277
		310,000	5.50%, 12/21/2022		307,830
		999,688	Aramark Services, Inc. 3.25%, 02/24/2021		988,441
		395,000	B&G Foods, Inc. 3.75%, 11/02/2022		394,135
		458,850	Hostess Brands LLC 4.50%, 08/03/2022		455,982
		1,105,000	JBS USA LLC 4.00%, 10/30/2022		1,100,856

The accompanying notes are an integral part of these financial statements.


		160

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
SENIOR FLOATING RATE INTERESTS - 5.8%⁽⁷⁾ - (continued)
			Food - 0.2% - (continued)
	$	1,124,150	U.S. Foods, Inc. 4.50%, 03/31/2019	$	1,108,220

					5,146,741

			Food Service - 0.0%
		591,000	Hearthside Food Solutions 4.50%, 06/02/2021		578,193

			Forest Products & Paper - 0.0%
		834,554	Wilsonart LLC 4.00%, 10/31/2019		812,296

			Healthcare-Products - 0.1%
		1,498,313	Mallinckrodt International Finance S.A. 3.25%, 03/19/2021		1,449,618
		433,913	Sterigenics-Nordion Holdings LLC 4.25%, 05/15/2022		420,895

					1,870,513

			Healthcare-Services - 0.5%
		1,176,133	American Renal Holdings, Inc. 4.50%, 09/20/2019		1,152,610
		201,925	Catalent Pharma Solutions, Inc. 4.25%, 05/20/2021		199,906
		370,313	CDRH Parent, Inc. 5.25%, 07/01/2021		289,770
			Community Health Systems, Inc.
		1,687,250	3.66%, 12/31/2018		1,661,233
		491,286	3.75%, 12/31/2019		478,085
		903,953	4.00%, 01/27/2021		888,459
		1,817,325	DaVita HealthCare Partners, Inc. 3.50%, 06/24/2021		1,807,475
		840,000	Envision Healthcare Corp. 4.50%, 10/28/2022		833,700
		2,135,838	HCA, Inc. 3.36%, 05/01/2018		2,131,844
		1,008,636	IMS Health, Inc. 3.50%, 03/17/2021		983,420
		428,447	Opal Acquisition, Inc. 5.00%, 11/27/2020		346,327
		1,585,850	Ortho-Clinical Diagnostics, Inc. 4.75%, 06/30/2021		1,338,061
		514,800	Surgery Center Holdings, Inc. 5.25%, 11/03/2020		507,505
		1,395,000	U.S. Renal Care, Inc. 0.00%, 12/31/2022⁽⁹⁾		1,381,050

					13,999,445

			Insurance - 0.5%
			Asurion LLC
		583,150	5.00%, 05/24/2019		545,065
		1,811,477	5.00%, 08/04/2022		1,652,067
		1,870,000	8.50%, 03/03/2021		1,584,825
		794,625	CGSC of Delaware Holdings Corp. 5.00%, 04/16/2020		760,194
		4,603,928	Evertec Group LLC 3.25%, 04/17/2020		4,412,082
		413,166	National Financial Partners Corp. 4.50%, 07/01/2020		395,949
			Sedgwick Claims Management Services, Inc.
		2,922,461	3.75%, 03/01/2021		2,798,256
		1,250,000	6.75%, 02/28/2022		1,125,000
		999,738	USI, Inc. 4.25%, 12/27/2019		965,497

					14,238,935


Shares or Principal Amount				Market Value^†
SENIOR FLOATING RATE INTERESTS - 5.8%⁽⁷⁾ - (continued)
			Internet - 0.1%
	$	731,466	Lands’ End, Inc. 4.25%, 04/04/2021	$	629,061
		1,802,057	Zayo Group LLC / Zayo Capital, Inc. 3.75%, 05/06/2021		1,769,548

					2,398,609

			Leisure Time - 0.2%
		1,060,462	Aristocrat Leisure Ltd. 4.75%, 10/20/2021		1,054,406
			Delta 2 (LUX) S.a.r.l.
		2,675,000	4.75%, 07/30/2021		2,580,118
		1,390,000	7.75%, 07/31/2022		1,278,105

					4,912,629

			Lodging - 0.3%
		3,460,431	Caesars Entertainment Operating Co. 11.25%, 03/01/2017⁽¹⁰⁾		3,059,020
		783,075	Caesars Growth Properties Holdings LLC 6.25%, 05/08/2021		685,191
		512,425	Eldorado Resorts LLC 4.25%, 07/13/2022		507,301
		995,313	Hilton Worldwide Finance LLC 3.50%, 10/26/2020		992,516
		1,186,672	La Quinta Intermediate Holdings LLC 3.75%, 04/14/2021		1,154,038
		1,343,450	MGM Resorts International 3.50%, 12/20/2019		1,323,298
		364,237	Station Casinos LLC 4.25%, 03/02/2020		356,271

					8,077,635

			Machinery-Construction & Mining - 0.1%
		1,547,380	American Rock Salt Holdings LLC 4.75%, 05/20/2021		1,474,855
		608,122	Neff Rental LLC 7.25%, 06/09/2021		492,578

					1,967,433

			Machinery-Diversified - 0.1%
		1,876,250	Gates Global, Inc. 4.25%, 07/05/2021		1,755,626

			Media - 0.4%
		938,866	Advantage Sales & Marketing, Inc. 4.25%, 07/23/2021		901,048
		1,778,970	AVSC Holding Corp. 4.50%, 01/24/2021		1,705,588
			Charter Communications Operating LLC
		2,998,125	3.00%, 07/01/2020		2,938,792
		375,000	3.50%, 01/24/2023		374,220
		434,850	Media General, Inc. 4.00%, 07/31/2020		428,462
		710,000	Neptune Finco Corp. 5.00%, 10/09/2022		708,005
		1,029,600	Numericable U.S. LLC 4.50%, 05/21/2020		989,446
		1,816,566	Tribune Media Co. 3.75%, 12/27/2020		1,786,484
		1,952,632	Virgin Media Investment Holdings Ltd. 3.50%, 06/30/2023		1,909,615

					11,741,660

The accompanying notes are an integral part of these financial statements.


		161

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
SENIOR FLOATING RATE INTERESTS - 5.8%⁽⁷⁾ - (continued)
			Metal Fabricate/Hardware - 0.0%
	$	1,306,159	Rexnord LLC 4.00%, 08/21/2020	$	1,262,900

			Mining - 0.1%
		461,775	Ardagh Holdings USA, Inc. 4.00%, 12/17/2019		453,002
		2,017,270	FMG Resources August 2006 Pty Ltd. 4.25%, 06/30/2019		1,490,460
		639,462	Minerals Technologies, Inc. 3.77%, 05/09/2021		636,264

					2,579,726

			Miscellaneous Manufacturing - 0.0%
		216,126	Husky Injection Molding Systems Ltd. 4.25%, 06/30/2021		207,211

			Oil & Gas - 0.1%
		533,250	Drillships Ocean Ventures, Inc. 5.50%, 07/25/2021		249,294
		1,514,040	Fieldwood Energy LLC 3.88%, 09/28/2018		984,126
		600,000	Templar Energy LLC 8.50%, 11/25/2020		63,000

					1,296,420

			Packaging & Containers - 0.3%
		3,282,188	Berry Plastics Holding Corp. 3.50%, 02/08/2020		3,214,312
		1,227,868	BWAY Holding Co., Inc. 5.50%, 08/14/2020		1,174,922
		516,155	Mauser U.S. Corp. 4.50%, 07/31/2021		503,251
		339,150	Owens-Illinois, Inc. 3.50%, 08/06/2022		337,244
		1,846,731	Reynolds Group Holdings, Inc. 4.50%, 12/01/2018		1,826,343
		709,167	Signode Industrial Group U.S., Inc. 3.75%, 05/01/2021		682,573

					7,738,645

			Pharmaceuticals - 0.1%
		1,400,000	Endo Luxembourg Finance Company I S.a r.l. 3.75%, 09/26/2022		1,379,588
		875,619	Valeant Pharmaceuticals International, Inc. 4.00%, 04/01/2022		840,376

					2,219,964

			Pipelines - 0.1%
		738,882	Energy Transfer Equity L.P. 4.00%, 12/02/2019		661,300
		1,404,375	EP Energy LLC 4.50%, 04/30/2019		1,084,880
		807,175	Philadelphia Energy Solutions LLC 6.25%, 04/04/2018		758,744

					2,504,924

			Real Estate - 0.1%
			DTZ U.S. Borrower LLC
		995,000	4.25%, 11/04/2021		969,190
		415,000	9.25%, 11/04/2022		408,082


Shares or Principal Amount				Market Value^†
SENIOR FLOATING RATE INTERESTS - 5.8%⁽⁷⁾ - (continued)
			Real Estate - 0.1% - (continued)
	$	245,000	Equinix, Inc. 0.00%, 11/20/2022⁽⁹⁾	$	245,612

					1,622,884

			Retail - 0.3%
		511,138	Bass Pro Group LLC 4.00%, 06/05/2020		491,116
		604,125	Burger King 3.75%, 12/12/2021		598,084
		205,000	Coty, Inc. 3.75%, 10/27/2022		203,079
		675,017	Dollar Tree, Inc. 3.50%, 07/06/2022		672,067
		410,000	Galleria Co. 0.00%, 10/22/2022⁽⁹⁾		406,158
		936,739	Michaels Stores, Inc. 4.00%, 01/28/2020		929,320
		1,555,727	Neiman Marcus Group, Inc. 4.25%, 10/25/2020		1,372,929
		570,413	Party City Holdings, Inc. 4.25%, 08/19/2022		552,947
		1,815,875	PetSmart, Inc. 4.25%, 03/11/2022		1,765,485
		250,000	Rite Aid Corp. 5.75%, 08/21/2020		250,125
		570,000	Staples, Inc. 0.00%, 04/07/2021⁽⁹⁾		562,636

					7,803,946

			Semiconductors - 0.2%
			Avago Technologies Cayman Ltd.
		1,550,000	0.00%, 11/06/2022⁽⁹⁾		1,531,602
		1,284,025	3.75%, 05/06/2021		1,279,749
		868,189	Lattice Semiconductor Corp. 5.25%, 03/10/2021		807,416
			NXP B.V.
		1,045,274	3.25%, 01/11/2020		1,030,640
		1,105,000	3.75%, 12/07/2020		1,098,646

					5,748,053

			Software - 0.6%
		358,200	Epicor Software Corp. 4.75%, 06/01/2022		348,862
			First Data Corp.
		5,740,000	3.92%, 03/24/2018		5,657,861
		845,000	4.42%, 03/24/2021		840,775
		835,152	Hyland Software, Inc. 4.75%, 07/01/2022		821,372
		1,626,921	Infor U.S., Inc. 3.75%, 06/03/2020		1,523,888
			Kronos, Inc.
		2,693,237	4.50%, 10/30/2019		2,644,436
		593,762	9.75%, 04/30/2020		588,816
			SS&C Technologies, Inc.
		1,086,813	4.01%, 07/08/2022		1,077,303
		160,518	4.02%, 07/08/2022		159,114
		1,675,504	Verint Systems, Inc. 3.50%, 09/06/2019		1,664,613

					15,327,040

The accompanying notes are an integral part of these financial statements.


		162

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
SENIOR FLOATING RATE INTERESTS - 5.8%⁽⁷⁾ - (continued)
			Telecommunications - 0.3%
	$	572,125	Altice Financing S.A. 5.25%, 02/04/2022	$	569,087
		304,238	CommScope, Inc. 3.83%, 12/29/2022		301,767
		2,020,000	Level 3 Financing, Inc. 3.50%, 05/31/2022		1,986,165
		427,806	LTS Buyer LLC 4.00%, 04/13/2020		415,614
		1,825,866	SBA Senior Finance II LLC 3.25%, 03/24/2021		1,784,784
		425,000	T-Mobile USA, Inc. 3.50%, 11/09/2022		424,537
		205,000	TransFirst, Inc. 9.00%, 11/12/2022		200,131
		2,625,000	Ziggo Financing Partnership 3.50%, 01/15/2022		2,545,882

					8,227,967

			Transportation - 0.0%
			Kenan Advantage Group, Inc.
		60,000	1.50%, 01/23/2017⁽¹¹⁾		59,250
		539,648	4.00%, 07/31/2022		532,902

					592,152

			Trucking & Leasing - 0.0%
		1,161,000	Consolidated Container Co. 5.00%, 07/03/2019		1,049,544


			Total Senior Floating Rate Interests (cost $169,708,990)	$	158,953,441



U.S. GOVERNMENT AGENCIES - 39.7%
			FHLMC - 12.9%
	$	318,131	0.00%, 11/15/2036⁽¹²⁾	$	283,820
		65,156,398	0.32%, 10/25/2020⁽²⁾⁽³⁾		635,294
		31,149,431	1.97%, 08/25/2018⁽²⁾⁽³⁾		1,340,229
		2,880,000	2.27%, 10/25/2027⁽²⁾		2,840,575
		3,200,000	2.62%, 02/25/2024⁽²⁾		3,189,270
		3,301,000	2.82%, 10/25/2024⁽²⁾		3,310,501
		3,100,000	2.82%, 01/25/2025⁽²⁾		3,147,431
		3,500,000	2.92%, 08/25/2024⁽²⁾		3,530,598
		4,823,750	3.00%, 08/01/2029		4,989,114
		16,350,000	3.00%, 01/01/2031⁽¹³⁾		16,848,243
		1,478,622	3.00%, 03/15/2033		200,709
		34,350,000	3.00%, 01/01/2046⁽¹³⁾		34,293,261
		11,200,000	3.02%, 12/25/2027⁽²⁾		11,138,392
		3,300,000	3.07%, 03/25/2028⁽²⁾		3,268,579
		14,126,000	3.27%, 04/25/2028⁽²⁾		14,098,025
		9,200,000	3.50%, 01/01/2031⁽¹³⁾		9,616,012
		9,306,386	3.50%, 08/01/2034		9,712,843
		51,850,000	3.50%, 01/01/2046⁽¹³⁾		53,373,597
		9,772,729	4.00%, 08/01/2025		10,321,137
		6,732,754	4.00%, 07/15/2027⁽³⁾		788,507
		7,272,723	4.00%, 05/01/2042		7,704,711
		1,983,135	4.00%, 08/01/2042		2,098,873
		3,286,644	4.00%, 09/01/2042		3,483,537
		968,643	4.00%, 07/01/2044		1,028,981
		483,282	4.00%, 06/01/2045		511,341
		81,775,000	4.00%, 01/01/2046⁽¹³⁾		86,386,014
		1,578,488	4.50%, 03/15/2041		1,796,724
		20,850,000	4.50%, 01/01/2046⁽¹³⁾		22,460,663


Shares or Principal Amount				Market Value^†
U.S. GOVERNMENT AGENCIES - 39.7% - (continued)
			FHLMC - 12.9% - (continued)
	$	5,582,327	4.75%, 07/15/2039	$	6,027,161
		2,640	5.50%, 10/01/2018		2,734
		103,003	5.50%, 03/01/2028		113,756
		189,216	5.50%, 04/01/2033		209,869
		1,859,557	5.50%, 05/01/2034		2,067,163
		3,076	5.50%, 11/01/2035		3,398
		51,872	5.50%, 05/01/2037		57,718
		118,591	5.50%, 11/01/2037		131,915
		202,373	5.50%, 02/01/2038		225,198
		85,665	5.50%, 04/01/2038		95,312
		104,995	5.50%, 06/01/2038		116,665
		11,835,837	5.50%, 08/01/2038		13,163,841
		1,118,333	5.50%, 09/01/2038		1,243,381
		22,732	5.50%, 12/01/2039		25,267
		300,443	5.50%, 02/01/2040		334,196
		946,107	5.50%, 05/01/2040		1,052,317
		979,493	5.50%, 08/01/2040		1,089,555
		3,664,444	5.50%, 06/01/2041		4,075,327
		87	6.00%, 04/01/2017		89
		99	6.00%, 05/01/2017		101
		159	6.00%, 07/01/2017		161
		1,796	6.00%, 07/01/2029		2,018
		469,126	6.00%, 10/01/2032		535,718
		511,554	6.00%, 11/01/2032		576,399
		569,538	6.00%, 12/01/2032		650,900
		34,715	6.00%, 11/01/2033		39,673
		62,049	6.00%, 01/01/2034		70,853
		38,773	6.00%, 02/01/2034		44,310
		472,630	6.00%, 08/01/2034		539,909
		519,322	6.00%, 09/01/2034		593,491
		447,516	6.00%, 01/01/2035		508,450
		4,065,994	6.00%, 11/01/2037		4,591,838
		1,100,000	6.00%, 01/01/2046⁽¹³⁾		1,237,027
		275	6.50%, 07/01/2031		313
		374	6.50%, 08/01/2032		426
		1,997,859	6.50%, 07/15/2036		2,256,372
		292,653	6.50%, 12/01/2037		333,290
		218	7.50%, 09/01/2029		233
		3,359	7.50%, 11/01/2031		3,841

					354,417,166

			FNMA - 17.9%
		263,781	0.00%, 03/25/2036⁽¹²⁾		226,079
		2,341,208	0.00%, 06/25/2036⁽¹²⁾		2,081,679
		8,757,123	1.88%, 04/25/2055⁽²⁾⁽³⁾		595,003
		135,000	2.44%, 01/01/2023		133,624
		1,709,360	2.50%, 06/25/2028⁽³⁾		156,587
		35,075,000	2.50%, 01/01/2031⁽¹³⁾		35,352,271
		307,183	2.50%, 01/01/2043		296,851
		6,358,541	2.50%, 02/01/2043		6,145,072
		2,654,471	2.50%, 03/01/2043		2,565,068
		5,220,067	2.50%, 05/01/2043		5,044,463
		3,222,727	2.50%, 06/01/2043		3,114,177
		2,399,997	2.50%, 04/01/2045		2,319,133
		1,874,582	2.64%, 03/01/2027		1,812,981
		9,780,000	2.65%, 06/01/2025		9,559,784
		13,400,000	2.69%, 04/01/2025		13,144,031
		4,115,000	2.78%, 02/01/2027		4,026,794
		5,090,000	2.82%, 07/01/2025		5,050,731
		4,705,000	2.85%, 02/01/2027		4,623,243
		11,555,658	3.00%, 01/25/2028⁽³⁾		1,149,729

The accompanying notes are an integral part of these financial statements.


		163

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
U.S. GOVERNMENT AGENCIES - 39.7% - (continued)
			FNMA - 17.9% - (continued)
	$	4,824,256	3.00%, 04/25/2028⁽³⁾	$	493,013
		31,625,000	3.00%, 01/01/2046⁽¹³⁾		31,625,288
		540,000	3.16%, 12/01/2026		543,495
		1,055,000	3.21%, 05/01/2023		1,090,870
		505,200	3.24%, 12/01/2026		513,067
		1,454,490	3.26%, 05/01/2024		1,500,796
		575,000	3.34%, 04/01/2024		596,444
		217,011	3.45%, 01/01/2024		226,478
		228,777	3.47%, 01/01/2024		239,062
		2,678,865	3.50%, 05/25/2030⁽³⁾		350,188
		4,400,000	3.50%, 01/01/2031⁽¹³⁾		4,607,799
		209,700,000	3.50%, 01/01/2046⁽¹³⁾		216,352,355
		571,888	3.67%, 08/01/2023		605,667
		155,000	3.70%, 10/01/2023		164,084
		2,053,281	3.74%, 06/01/2026		2,166,556
		210,000	3.76%, 03/01/2024		223,167
		315,000	3.86%, 12/01/2025		335,456
		165,000	3.86%, 11/01/2023		176,447
		542,789	3.87%, 10/01/2025		578,243
		694,196	3.89%, 05/01/2030		758,542
		730,286	3.93%, 10/01/2023		782,992
		303,459	3.96%, 05/01/2034		336,551
		195,000	3.97%, 05/01/2029		207,672
		4,899,905	4.00%, 06/01/2025		5,198,997
		1,364,114	4.00%, 10/01/2025		1,446,923
		1,203,817	4.00%, 03/25/2042⁽³⁾		185,340
		1,126,971	4.00%, 08/01/2042		1,195,142
		707,358	4.00%, 11/25/2042⁽³⁾		118,005
		1,595,730	4.00%, 04/01/2045		1,692,075
		1,905,322	4.00%, 05/01/2045		2,020,358
		1,467,734	4.00%, 06/01/2045		1,556,351
		26,475,000	4.00%, 01/01/2046⁽¹³⁾		28,015,101
		2,852,020	4.02%, 11/01/2028		3,051,599
		453,956	4.06%, 10/01/2028		494,223
		1,655,718	4.50%, 04/01/2025		1,788,235
		1,806,443	4.50%, 07/25/2027⁽³⁾		212,730
		7,639,131	4.50%, 08/01/2040		8,311,705
		7,689,665	4.50%, 10/01/2040		8,323,241
		3,413,970	4.50%, 10/01/2041		3,687,181
		3,204,066	4.50%, 09/01/2043		3,460,478
		4,075,000	4.50%, 01/01/2046⁽¹³⁾		4,400,491
		4,351	5.00%, 02/01/2018		4,506
		90,432	5.00%, 04/01/2018		93,637
		597,055	5.00%, 05/01/2018		618,798
		694,080	5.00%, 06/01/2018		719,097
		18,152	5.00%, 07/01/2018		18,864
		208,096	5.00%, 09/01/2018		215,814
		458,945	5.00%, 01/01/2020		475,207
		1,625,111	5.00%, 06/01/2022		1,746,495
		594,418	5.00%, 06/01/2025		643,783
		1,503,746	5.00%, 04/25/2038		1,617,388
		13,400,000	5.00%, 01/01/2046⁽¹³⁾		14,749,108
		1,099,087	5.46%, 05/25/2042⁽²⁾⁽³⁾		142,963
		7,063	5.50%, 01/01/2017		7,165
		103,994	5.50%, 02/01/2018		106,476
		2,841	5.50%, 06/01/2018		2,947
		17,484	5.50%, 11/01/2018		18,002
		87,180	5.50%, 08/01/2019		91,821
		166,287	5.50%, 09/01/2019		173,661
		43,524	5.50%, 10/01/2019		45,490
		18,761	5.50%, 01/01/2020		19,506


Shares or Principal Amount				Market Value^†
U.S. GOVERNMENT AGENCIES - 39.7% - (continued)
			FNMA - 17.9% - (continued)
	$	13,139	5.50%, 03/01/2020	$	13,734
		842,155	5.50%, 05/01/2020		887,178
		389,552	5.50%, 06/01/2022		420,840
		475,651	5.50%, 06/01/2033		534,754
		436,890	5.50%, 08/01/2033		491,282
		2,206,575	5.50%, 09/01/2033		2,475,070
		2,142,957	5.50%, 12/01/2033		2,431,093
		1,846,488	5.50%, 01/01/2034		2,072,198
		7,995,716	5.50%, 11/01/2035		9,006,157
		2,588,261	5.50%, 04/01/2036		2,902,495
		1,927,615	5.50%, 09/01/2036		2,164,622
		221,906	5.50%, 01/01/2037		247,491
		1,311,192	5.50%, 04/25/2037		1,456,709
		5,209,296	5.50%, 06/25/2042⁽³⁾		850,124
		3,168	6.00%, 04/01/2016		3,170
		9,162	6.00%, 06/01/2016		9,203
		7,721	6.00%, 07/01/2016		7,743
		231	6.00%, 10/01/2016		233
		5,507	6.00%, 03/01/2022		5,937
		755,331	6.00%, 12/01/2032		854,351
		907,404	6.00%, 01/01/2033		1,031,969
		149,954	6.00%, 02/01/2033		169,631
		1,061,375	6.00%, 03/01/2033		1,205,701
		2,308,572	6.00%, 02/01/2037		2,605,150
		22	6.50%, 07/01/2016		23
		548	6.50%, 05/01/2017		559
		1,819	6.50%, 05/01/2031		2,079
		1,564	6.50%, 09/01/2031		1,813
		2,861	6.50%, 07/01/2032		3,282
		1	7.00%, 02/01/2016		1
		2,507	7.00%, 07/01/2029		2,907
		104	7.00%, 12/01/2030		107
		948	7.00%, 02/01/2032		1,039
		415	7.00%, 03/01/2032		482
		2,248	7.00%, 09/01/2032		2,418
		66,705	7.00%, 10/01/2037		68,973
		4,494	7.50%, 10/01/2022		5,019
		2,557	7.50%, 06/01/2027		3,028
		3,267	7.50%, 10/01/2029		3,431
		25,965	7.50%, 03/01/2030		29,783
		14,886	7.50%, 04/01/2030		16,816
		1,777	7.50%, 06/01/2030		2,092
		3,093	7.50%, 07/01/2030		3,554
		817	7.50%, 08/01/2030		953
		6,461	7.50%, 10/01/2030		6,584
		8,695	7.50%, 01/01/2031		8,941
		5,004	7.50%, 02/01/2031		5,200
		38,823	7.50%, 05/01/2031		47,556
		23,570	7.50%, 06/01/2031		26,663
		2,931	7.50%, 08/01/2031		3,425
		43,372	7.50%, 09/01/2031		45,528
		439	7.50%, 05/01/2032		520
		425	8.00%, 04/01/2032		427

					490,680,473

			GNMA - 8.9%
		11,939,044	3.00%, 03/15/2045		12,103,344
		557,715	3.00%, 04/15/2045		565,390
		2,944,766	3.00%, 06/20/2045		2,988,703
		7,650,344	3.00%, 07/15/2045		7,755,625
		18,751,665	3.00%, 07/20/2045		19,031,449

The accompanying notes are an integral part of these financial statements.


		164

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
U.S. GOVERNMENT AGENCIES - 39.7% - (continued)
			GNMA - 8.9% - (continued)
	$	138,425	3.00%, 08/15/2045	$	140,330
		613,810	3.50%, 11/15/2042		642,546
		19,760	3.50%, 12/15/2042		20,614
		430,643	3.50%, 02/15/2043		448,442
		19,099	3.50%, 03/15/2043		19,922
		2,675,033	3.50%, 04/15/2043		2,790,306
		9,458,261	3.50%, 05/15/2043		9,863,263
		56,550,000	3.50%, 01/01/2046⁽¹³⁾		58,951,170
		11,180,954	4.00%, 07/20/2040		11,975,524
		12,440,839	4.00%, 09/20/2040		13,324,768
		18,532,244	4.00%, 10/20/2040		19,857,311
		2,547,520	4.00%, 12/20/2040		2,723,429
		850,875	4.00%, 05/16/2042⁽³⁾		123,408
		524,728	4.00%, 01/20/2044		120,885
		13,825,000	4.00%, 01/01/2046⁽¹³⁾		14,681,500
		407,080	4.50%, 11/15/2039		439,839
		3,993,834	4.50%, 05/15/2040		4,357,924
		13,540,716	4.50%, 05/20/2040		14,749,930
		472,812	4.50%, 06/15/2041		509,646
		536,482	4.50%, 07/15/2041		584,563
		3,300,000	4.50%, 01/01/2046⁽¹³⁾		3,545,437
		1,402,886	5.00%, 05/20/2040		1,550,044
		3,448,745	5.00%, 06/15/2041		3,806,776
		4,164,628	5.00%, 10/16/2041⁽³⁾		726,011
		5,428,889	5.00%, 03/15/2044		5,992,581
		5,600,000	5.00%, 01/01/2046⁽¹³⁾		6,134,853
		838,590	5.50%, 03/15/2033		940,454
		1,317,345	5.50%, 04/15/2033		1,515,991
		1,301,077	5.50%, 05/15/2033		1,496,963
		2,218,270	5.50%, 10/20/2034		2,472,258
		2,312	6.00%, 12/15/2023		2,594
		1,394	6.00%, 01/15/2029		1,575
		2,412	6.00%, 04/15/2029		2,784
		84,295	6.00%, 12/15/2031		97,215
		1,509	6.00%, 10/15/2032		1,743
		35,695	6.00%, 06/15/2033		41,234
		3,789	6.00%, 03/15/2034		4,250
		85,070	6.00%, 08/15/2034		96,160
		204,366	6.00%, 09/15/2034		235,779
		71,735	6.00%, 02/15/2035		81,123
		447,212	6.00%, 12/15/2035		513,653
		94,453	6.00%, 02/15/2036		105,954
		350,993	6.00%, 03/15/2036		402,494
		52,887	6.00%, 04/15/2036		59,327
		259,556	6.00%, 05/15/2036		299,362
		560,899	6.00%, 06/15/2036		643,227
		400,441	6.00%, 07/15/2036		458,594
		67,057	6.00%, 08/15/2036		77,136
		346,376	6.00%, 02/15/2037		397,097
		2,112	6.00%, 05/15/2037		2,386
		746,968	6.00%, 06/15/2037		859,601
		622,653	6.00%, 07/15/2037		703,958
		138,928	6.00%, 08/15/2037		158,691
		93,804	6.00%, 09/15/2037		105,227
		181,358	6.00%, 10/15/2037		204,991
		210,978	6.00%, 11/15/2037		238,408
		205,538	6.00%, 12/15/2037		235,452
		360,529	6.00%, 01/15/2038		410,780
		35,821	6.00%, 02/15/2038		40,511
		61,409	6.00%, 05/15/2038		69,512
		12,410	6.00%, 06/15/2038		14,024


Shares or Principal Amount				Market Value^†
U.S. GOVERNMENT AGENCIES - 39.7% - (continued)
			GNMA - 8.9% - (continued)
	$	86,991	6.00%, 08/15/2038	$	98,433
		251,538	6.00%, 09/15/2038		284,581
		248,830	6.00%, 10/15/2038		287,364
		558,911	6.00%, 11/15/2038		631,588
		332,514	6.00%, 12/15/2038		377,521
		3,545	6.00%, 01/15/2039		4,006
		44,960	6.00%, 08/15/2039		50,438
		179,277	6.00%, 11/15/2039		202,587
		143,878	6.00%, 02/15/2040		161,399
		1,875,202	6.00%, 06/15/2040		2,119,016
		359,673	6.00%, 07/15/2040		406,437
		1,921,431	6.00%, 06/15/2041		2,171,278
		29,561	6.50%, 06/15/2028		33,821
		992	6.50%, 07/15/2028		1,135
		4,695	6.50%, 08/15/2028		5,372
		21,832	6.50%, 09/15/2028		24,978
		18,955	6.50%, 10/15/2028		21,686
		6,868	6.50%, 11/15/2028		7,858
		13,719	6.50%, 12/15/2028		15,696
		21,251	6.50%, 01/15/2029		24,314
		41,661	6.50%, 02/15/2029		47,665
		383,896	6.50%, 03/15/2029		439,228
		53,708	6.50%, 04/15/2029		61,450
		34,080	6.50%, 05/15/2029		38,992
		225,725	6.50%, 06/15/2029		258,259
		21,165	6.50%, 07/15/2029		24,215
		667	6.50%, 03/15/2031		763
		312,328	6.50%, 04/15/2031		357,343
		95,827	6.50%, 05/15/2031		111,029
		15,009	6.50%, 06/15/2031		17,238
		304,169	6.50%, 07/15/2031		348,009
		176,443	6.50%, 08/15/2031		201,873
		179,664	6.50%, 09/15/2031		205,560
		172,464	6.50%, 10/15/2031		197,322
		630,747	6.50%, 11/15/2031		721,657
		93,954	6.50%, 12/15/2031		107,496
		416,026	6.50%, 01/15/2032		476,060
		97,925	6.50%, 02/15/2032		114,284
		86,988	6.50%, 03/15/2032		99,526
		311,255	6.50%, 04/15/2032		361,836
		1,103	6.50%, 05/15/2032		1,262
		81,767	6.50%, 06/15/2032		93,552
		1,333	6.50%, 09/15/2032		1,531
		11,279	7.00%, 06/20/2030		12,649
		1,265	7.00%, 02/15/2031		1,419
		217	7.00%, 06/15/2031		232
		236	7.00%, 08/15/2031		271
		894	8.50%, 11/15/2024		898

					244,747,168


			Total U.S. Government Agencies (cost $1,081,768,585)	$	1,089,844,807



U.S. GOVERNMENT SECURITIES - 2.6%
			U.S. Treasury Securities - 2.6%
			U.S. Treasury Bonds - 2.5%
$		43,266,673	0.25%, 01/15/2025^(6)(14)	$	41,297,693
		1,350,000	2.50%, 02/15/2045⁽¹⁴⁾		1,211,256
		2,800,000	3.00%, 11/15/2044^(14)(15)(16)		2,789,828
		5,595,000	3.00%, 05/15/2045⁽¹⁴⁾		5,569,431

The accompanying notes are an integral part of these financial statements.


		165

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
U.S. GOVERNMENT SECURITIES - 2.6% - (continued)
		U.S. Treasury Securities - 2.6% - (continued)
$	9,544,000	3.00%, 11/15/2045	$	9,515,292
	9,260,000	3.13%, 08/15/2044^(14)(15)(16)		9,463,646

				69,847,146

		U.S. Treasury Notes - 0.1%
	1,300,000	0.50%, 09/30/2016⁽¹⁴⁾		1,297,917
	200,000	2.38%, 08/15/2024⁽¹⁴⁾		202,086

				1,500,003


		Total U.S. Government Securities (cost $74,427,132)	$	71,347,149


PREFERRED STOCKS - 0.1%
		Banks - 0.1%
	2,242	U.S. Bancorp Series A	$	1,782,457

		Diversified Financials - 0.0%
	30,000	Citigroup Capital XIII		779,700
	8,400	Discover Financial Services Series B		222,348

				1,002,048


		Total Preferred Stocks (cost $2,635,460)	$	2,784,505


		Total Long-Term Investments (cost $3,340,490,605)	$	3,287,450,387


SHORT-TERM INVESTMENTS - 3.2%
		Other Investment Pools & Funds -3.2%
	88,216,749	Federated Prime Obligations Fund	$	88,216,749


		Total Short-Term Investments (cost $88,216,749)	$	88,216,749



Total Investments Excluding Purchased Options (cost $3,428,707,354)	123.1	%	$	3,375,667,136

Total Purchased Options (cost $30,292)	0.0	%	$	18,238


Total Investments (cost $3,428,737,646)^	123.1	%	$	3,375,685,374
Other Assets and Liabilities	(23.1	)%		(632,399,097	)

Total Net Assets	100.0	%	$	2,743,286,277

The accompanying notes are an integral part of these financial statements.


		166

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $3,429,359,943 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	32,100,628
Unrealized Depreciation		(85,775,197	)

Net Unrealized Depreciation	$	(53,674,569	)

⁽¹⁾

Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2015, the aggregate value of these securities was $738,395,539, which represents 26.9% of total net assets.

⁽²⁾	Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2015.

⁽³⁾	Securities disclosed are interest-only strips.

⁽⁴⁾

These securities were sold to the Fund under Regulation S, rules governing offers and sales made outside the United States without registration under the Securities Act of 1933, as amended. The Fund may only be able to resell these securities in the United States if an exemption from registration under the federal and state securities laws is available, or the Fund may only be able to sell these securities outside of the United States (such as on a foreign exchange) to a non-U.S. person. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2015, the aggregate value of these securities was $63,221,852, which represents 2.3% of total net assets.

⁽⁵⁾	Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

⁽⁶⁾	The principal amount for these securities are adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

⁽⁷⁾

⁽⁸⁾	The issuer is in bankruptcy. However, the investment held by the Fund is current with respect to interest payments.

⁽⁹⁾	All or a portion of this position represents an unsettled loan commitment. The coupon rate will be determined at time of settlement.

⁽¹⁰⁾	Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal.

⁽¹¹⁾	This security, or a portion of this security, has unfunded loan commitments. As of December 31, 2015, the aggregate value of the unfunded commitment was $59,250, which rounds to zero percent of total net assets.

⁽¹²⁾	Securities disclosed are principal-only strips.

⁽¹³⁾	Represents or includes a TBA transaction.

⁽¹⁴⁾	This security, or a portion of this security, has been pledged as collateral in connection with centrally cleared swap contracts.

⁽¹⁵⁾	This security, or a portion of this security, has been pledged as collateral in connection with futures contracts.

⁽¹⁶⁾	This security, or a portion of this security, has been pledged as collateral in connection with OTC swap contracts.

The accompanying notes are an integral part of these financial statements.


		167

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


OTC Option Contracts Outstanding at December 31, 2015
Description	Counter- party		Exercise Price/ FX Rate/ Rate		Expiration Date		Number of Contracts			Market Value^†		Premiums Paid (Received) by Fund		Unrealized Appreciation/ (Depreciation)
Purchased option contracts:
Calls
HKD Call/USD Put		GSC		7.75 HKD per USD		03/01/16		HKD	69,290,000	$	18,238	$	30,292	$	(12,054	)

Total purchased option contracts									69,290,000	$	18,238	$	30,292	$	(12,054	)


OTC Swaption Contracts Outstanding at December 31, 2015
Description	Counter- party		Exercise Price/ FX Rate/ Rate		Expiration Date		Number of Contracts				Market Value^†			Premiums Paid (Received) by Fund			Unrealized Appreciation/ (Depreciation)
Written swaption contracts:
Calls
Credit Default Swaption CDX.NA.IG.25		JPM		97.50 USD		01/20/16		USD	(69,695,000	)	$	(304,532	)	$	(207,343	)	$	(97,189	)

Written swaption contracts:
Puts
Credit Default Swaption CDX.NA.IG.25		JPM		97.50 USD		01/20/16		USD	(69,690,000	)	$	(47,421	)	$	(137,638	)	$	90,217

Total written swaption contracts									(139,385,000	)	$	(351,953	)	$	(344,981	)	$	(6,972	)


Futures Contracts Outstanding at December 31, 2015
Description	Number of Contracts		Expiration Date		Notional Amount		Market Value^†		Unrealized Appreciation/ (Depreciation)
Long position contracts:
90 Day Euro Future		569		12/19/2016	$	140,713,835	$	140,500,325	$	(213,510	)
U.S. Treasury 2-Year Note Future		340		03/31/2016		73,939,135		73,859,688		(79,447	)
U.S. Treasury 5-Year Note Future		6,125		03/31/2016		726,471,700		724,711,917		(1,759,783	)
U.S. Treasury CME Ultra Long Term Future		346		03/21/2016		54,585,346		54,905,875		320,529
U.S. Treasury Long Bond Future		292		03/21/2016		44,950,263		44,895,000		(55,263	)

Total									$	(1,787,474	)

Short position contracts:
90 Day Euro Future		570		12/18/2017	$	140,259,482	$	139,970,625	$	288,857
U.S. Treasury 10-Year Note Future		3,428		03/21/2016		432,903,777		431,606,625		1,297,152

Total									$	1,586,009

Total futures contracts									$	(201,465	)


TBA Sale Commitments Outstanding at December 31, 2015
Description	Principal Amount		Maturity Date		Market Value^†			Unrealized Appreciation/ (Depreciation)
FHLMC, 5.00%	$	2,900,000		01/01/2046	$	(3,167,672	)	$	12,812
FHLMC, 5.50%		5,100,000		01/01/2046		(5,640,461	)		28,110
FNMA, 3.00%		11,700,000		01/01/2031		(12,052,673	)		34,022
FNMA, 4.00%		9,400,000		01/01/2031		(9,800,969	)		13,218
FNMA, 5.50%		22,600,000		01/01/2046		(25,192,733	)		23,923
FNMA, 6.00%		7,200,000		01/01/2046		(8,134,765	)		10,235
GNMA, 3.00%		900,000		01/01/2046		(912,199	)		(528	)
GNMA, 4.00%		89,100,000		01/01/2046		(94,620,012	)		(196,004	)

Total (proceeds $159,447,272)					$	(159,521,484	)	$	(74,212	)

The accompanying notes are an integral part of these financial statements.


		168

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015

At December 31, 2015, the aggregate market value of these securities represents (5.8)% of total net assets.


OTC Credit Default Swap Contracts Outstanding at December 31, 2015
Reference Entity	Counter- party	Notional Amount^(a)			(Pay)/Receive Fixed Rate/ Implied Credit Spread^(b)	Expiration Date		Upfront Premiums Paid		Upfront Premiums Received			Market Value^†		Unrealized Appreciation/ (Depreciation)
Credit default swaps on indices:
Buy protection:
ABX.HE.AA.06-1	BCLY		USD	259,063	(0.32)%		07/25/45	$	146,373	$	—		$	51,265	$	(95,108	)
ABX.HE.AA.06-1	BCLY		USD	299,968	(0.32)%		07/25/45		169,484		—			59,359		(110,125	)
ABX.HE.AA.06-1	BCLY		USD	1,554,378	(0.32)%		07/25/45		472,142		—			307,589		(164,553	)
ABX.HE.AAA.06-1	JPM		USD	150,794	(0.18)%		07/25/45		3,590		—			2,985		(605	)
ABX.HE.AAA.06-1	GSC		USD	18,053	(0.18)%		07/25/45		1,478		—			357		(1,121	)
ABX.HE.AAA.06-1	BOA		USD	183,714	(0.18)%		07/25/45		9,989		—			3,637		(6,352	)
ABX.HE.AAA.06-1	MSC		USD	139,113	(0.18)%		07/25/45		11,390		—			2,755		(8,635	)
ABX.HE.AAA.06-1	BCLY		USD	176,280	(0.18)%		07/25/45		16,417		—			3,490		(12,927	)
ABX.HE.AAA.06-1	BCLY		USD	190,085	(0.18)%		07/25/45		21,898		—			3,764		(18,134	)
ABX.HE.AAA.06-2	JPM		USD	941,823	(0.11)%		05/25/46		125,117		—			109,765		(15,352	)
ABX.HE.AAA.06-2	CSI		USD	500,490	(0.11)%		05/25/46		114,384		—			95,972		(18,412	)
ABX.HE.AAA.06-2	BOA		USD	4,590,700	(0.11)%		05/25/46		927,543		—			880,292		(47,251	)
ABX.HE.AAA.06-2	BOA		USD	1,584,601	(0.11)%		05/25/46		360,497		—			184,678		(175,819	)
ABX.HE.AAA.07-1	MSC		USD	190,613	(0.09)%		08/25/37		46,964		—			43,822		(3,142	)
ABX.HE.AAA.07-1	MSC		USD	2,349,592	(0.09)%		08/25/37		549,693		—			540,176		(9,517	)
ABX.HE.AAA.07-1	GSC		USD	1,742,744	(0.09)%		08/25/37		419,819		—			400,660		(19,159	)
ABX.HE.AAA.07-1	CSI		USD	4,236,268	(0.09)%		08/25/37		1,173,387		—			973,927		(199,460	)
ABX.HE.PENAAA.06-2	BCLY		USD	607,258	(0.11)%		05/25/46		99,439		—			70,773		(28,666	)
ABX.HE.PENAAA.06-2	JPM		USD	814,643	(0.11)%		05/25/46		213,844		—			94,943		(118,901	)
ABX.HE.PENAAA.06-2	GSC		USD	1,491,793	(0.11)%		05/25/46		372,948		—			173,861		(199,087	)
ABX.HE.PENAAA.06-2	JPM		USD	1,877,918	(0.11)%		05/25/46		443,071		—			218,862		(224,209	)
ABX.HE.PENAAA.06-2	MSC		USD	1,879,064	(0.11)%		05/25/46		455,673		—			218,995		(236,678	)
CDX.EMS.24	BCLY		USD	22,618,400	(1.00)%		12/20/20		2,137,915		—			2,520,075		382,160
CDX.EMS.24	CBK		USD	19,306,000	(1.00)%		12/20/20		1,871,089		—			2,151,017		279,928
CDX.EMS.24	BCLY		USD	69,927,900	(1.00)%		12/20/20		7,514,949		—			7,791,158		276,209
CMBX.NA.A.7	JPM		USD	2,965,000	(2.00)%		01/17/47		—		(60,130	)		141,501		201,631
CMBX.NA.A.7	BCLY		USD	320,000	(2.00)%		01/17/47		—		(1,826	)		15,293		17,119
CMBX.NA.AA.2	CSI		USD	3,318,926	(0.15)%		03/15/49		998,382		—			1,111,743		113,361
CMBX.NA.AA.2	GSC		USD	2,325,506	(0.15)%		03/15/49		732,481		—			778,986		46,505
CMBX.NA.AA.2	GSC		USD	45,155	(0.15)%		03/15/49		16,060		—			15,126		(934	)
CMBX.NA.AA.2	CSI		USD	1,020,513	(0.15)%		03/15/49		355,808		—			341,847		(13,961	)
CMBX.NA.AA.2	BOA		USD	3,264,740	(0.15)%		03/15/49		1,237,053		—			1,093,592		(143,461	)
CMBX.NA.AA.2	BOA		USD	3,924,009	(0.15)%		03/15/49		1,486,859		—			1,314,428		(172,431	)
CMBX.NA.AA.7	CSI		USD	3,745,000	(1.50)%		01/17/47		—		(19,098	)		104,813		123,911
CMBX.NA.AA.7	CSI		USD	2,750,000	(1.50)%		01/17/47		—		(24,580	)		76,829		101,409
CMBX.NA.AA.7	CSI		USD	2,725,000	(1.50)%		01/17/47		10,541		—			76,131		65,590
CMBX.NA.AA.7	MSC		USD	1,745,000	(1.50)%		01/17/47		—		(14,802	)		48,751		63,553
CMBX.NA.AA.7	CSI		USD	2,580,000	(1.50)%		01/17/47		11,785		—			72,079		60,294
CMBX.NA.AA.7	CSI		USD	2,575,000	(1.50)%		01/17/47		13,692		—			71,939		58,247
CMBX.NA.AA.7	MSC		USD	545,000	(1.50)%		01/17/47		—		(6,322	)		15,226		21,548
CMBX.NA.AA.8	BCLY		USD	1,410,000	(1.50)%		10/17/57		62,691		—			63,363		672
CMBX.NA.AJ.1	BOA		USD	269,213	(0.84)%		10/12/52		4,305		—			1,857		(2,448	)
CMBX.NA.AJ.1	DEUT		USD	375,585	(0.84)%		10/12/52		26,291		—			2,582		(23,709	)
CMBX.NA.AJ.1	MSC		USD	669,749	(0.84)%		10/12/52		46,882		—			4,604		(42,278	)
CMBX.NA.AJ.2	GSC		USD	4,691,471	(1.09)%		03/15/49		342,002		—			446,103		104,101
CMBX.NA.AJ.2	CSI		USD	3,632,426	(1.09)%		03/15/49		290,005		—			345,401		55,396
CMBX.NA.AJ.2	DEUT		USD	4,552,904	(1.09)%		03/15/49		399,077		—			433,065		33,988
CMBX.NA.AJ.2	GSC		USD	1,138,226	(1.09)%		03/15/49		82,974		—			108,266		25,292
CMBX.NA.AJ.2	CBK		USD	687,884	(1.09)%		03/15/49		58,082		—			65,431		7,349
CMBX.NA.AJ.3	MLI		USD	1,865,909	(1.47)%		12/13/49		359,964		—			405,862		45,898
CMBX.NA.AJ.3	GSC		USD	1,486,819	(1.47)%		12/13/49		282,551		—			323,404		40,853
CMBX.NA.AJ.3	GSC		USD	329,857	(1.47)%		12/13/49		71,927		—			71,748		(179	)
CMBX.NA.AJ.4	MSC		USD	5,238,551	(0.96)%		02/17/51		949,864		—			1,141,550		191,686

The accompanying notes are an integral part of these financial statements.


		169

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


OTC Credit Default Swap Contracts Outstanding at December 31, 2015 - (continued)
Reference Entity	Counter- party	Notional Amount^(a)			(Pay)/Receive Fixed Rate/ Implied Credit Spread^(b)	Expiration Date		Upfront Premiums Paid		Upfront Premiums Received			Market Value^†			Unrealized Appreciation/ (Depreciation)
Credit default swaps on indices: - (continued)
Buy protection: - (continued)
CMBX.NA.AJ.4	GSC		USD	2,286,003	(0.96)%		02/17/51	$	379,918	$	—		$	498,150		$	118,232
CMBX.NA.AJ.4	CSI		USD	3,066,108	(0.96)%		02/17/51		556,764		—			668,145			111,381
CMBX.NA.AJ.4	DEUT		USD	2,937,736	(0.96)%		02/17/51		554,757		—			640,172			85,415
CMBX.NA.AJ.4	CBK		USD	2,355,126	(0.96)%		02/17/51		431,867		—			513,276			81,409
CMBX.NA.AJ.4	MSC		USD	93,810	(0.96)%		02/17/51		15,899		—			20,443			4,544
CMBX.NA.AJ.4	MSC		USD	4,157,267	(0.96)%		02/17/51		1,625,328		—			905,924			(719,404	)
CMBX.NA.AM.2	MSC		USD	3,357,000	(0.50)%		03/15/49		16,508		—			12,225			(4,283	)
CMBX.NA.AM.2	DEUT		USD	6,555,000	(0.50)%		03/15/49		376,913		—			23,781			(353,132	)
CMBX.NA.AM.2	CSI		USD	6,560,000	(0.50)%		03/15/49		401,800		—			23,798			(378,002	)
CMBX.NA.AM.4	CBK		USD	605,000	(0.50)%		02/17/51		13,651		—			12,231			(1,420	)
CMBX.NA.AM.4	MSC		USD	2,410,000	(0.50)%		02/17/51		540,111		—			48,689			(491,422	)
CMBX.NA.AS.6	CSI		USD	6,520,000	(1.00)%		05/11/63		84,777		—			112,833			28,056
CMBX.NA.AS.6	CSI		USD	1,035,000	(1.00)%		05/11/63		—		(2,034	)		17,940			19,974
CMBX.NA.AS.7	CSI		USD	490,000	(1.00)%		01/17/47		2,566		—			12,303			9,737
CMBX.NA.AS.7	CSI		USD	3,650,000	(1.00)%		01/17/47		83,359		—			91,538			8,179
CMBX.NA.AS.7	CBK		USD	2,900,000	(1.00)%		01/17/47		65,955		—			72,730			6,775

Total								$	30,668,542	$	(128,792	)	$	29,269,875		$	(1,269,875	)

Sell protection:
CMBX.NA.A.2	MLI		USD	333,403	0.25%		03/15/49	$	—	$	(208,906	)	$	(211,478	)	$	(2,572	)
CMBX.NA.A.2	MSC		USD	600,125	0.25%		03/15/49		—		(372,492	)		(380,660	)		(8,168	)
CMBX.NA.A.2	MLI		USD	1,086,501	0.25%		03/15/49		—		(680,787	)		(689,169	)		(8,382	)
CMBX.NA.A.2	GSC		USD	580,513	0.25%		03/15/49		—		(359,401	)		(368,220	)		(8,819	)
CMBX.NA.A.2	MLI		USD	1,066,889	0.25%		03/15/49		—		(667,566	)		(676,729	)		(9,163	)
CMBX.NA.A.2	BOA		USD	819,779	0.25%		03/15/49		—		(508,664	)		(519,987	)		(11,323	)
CMBX.NA.A.2	CSI		USD	1,663,092	0.25%		03/15/49		—		(1,043,457	)		(1,054,901	)		(11,444	)
CMBX.NA.A.2	GSC		USD	1,247,319	0.25%		03/15/49		—		(779,235	)		(791,185	)		(11,950	)
CMBX.NA.A.2	MSC		USD	1,204,173	0.25%		03/15/49		—		(747,892	)		(763,809	)		(15,917	)
CMBX.NA.A.2	BOA		USD	1,604,256	0.25%		03/15/49		—		(896,954	)		(1,017,593	)		(120,639	)
CMBX.NA.A.6	GSC		USD	2,010,000	2.00%		05/11/63		26,238		—			(57,579	)		(83,817	)
CMBX.NA.AAA.6	UBS		USD	15,710,000	0.50%		05/11/63		—		(418,543	)		(361,389	)		57,154
CMBX.NA.AAA.6	DEUT		USD	12,125,000	0.50%		05/11/63		—		(295,543	)		(278,921	)		16,622
CMBX.NA.AAA.6	CSI		USD	10,895,000	0.50%		05/11/63		—		(244,208	)		(250,626	)		(6,418	)
CMBX.NA.AAA.6	CSI		USD	2,500,000	0.50%		05/11/63		—		(48,030	)		(57,509	)		(9,479	)
CMBX.NA.AAA.6	GSC		USD	14,810,000	0.50%		05/11/63		—		(174,917	)		(340,686	)		(165,769	)
CMBX.NA.AAA.7	CSI		USD	785,000	0.50%		01/17/47		—		(19,680	)		(27,601	)		(7,921	)
CMBX.NA.AAA.7	CSI		USD	3,000,000	0.50%		01/17/47		—		(82,463	)		(105,483	)		(23,020	)
CMBX.NA.AAA.7	BOA		USD	5,070,000	0.50%		01/17/47		—		(120,790	)		(178,266	)		(57,476	)
CMBX.NA.AAA.8	GSC		USD	6,660,000	0.50%		10/17/57		—		(325,224	)		(320,922	)		4,302
CMBX.NA.AAA.8	GSC		USD	3,330,000	0.50%		10/17/57		—		(162,612	)		(160,461	)		2,151
CMBX.NA.AAA.8	GSC		USD	3,330,000	0.50%		10/17/57		—		(162,351	)		(160,461	)		1,890
CMBX.NA.AAA.8	GSC		USD	650,000	0.50%		10/17/57		—		(31,081	)		(31,321	)		(240	)
CMBX.NA.AAA.8	GSC		USD	3,255,000	0.50%		10/17/57		—		(155,004	)		(156,847	)		(1,843	)
CMBX.NA.AAA.8	MSC		USD	3,890,000	0.50%		10/17/57		—		(185,243	)		(187,445	)		(2,202	)
CMBX.NA.AAA.8	BCLY		USD	7,750,000	0.50%		10/17/57		—		(370,580	)		(373,445	)		(2,865	)
CMBX.NA.AAA.8	GSC		USD	1,095,000	0.50%		10/17/57		—		(46,588	)		(52,764	)		(6,176	)
CMBX.NA.AAA.8	CSI		USD	3,665,000	0.50%		10/17/57		—		(167,698	)		(176,604	)		(8,906	)
CMBX.NA.AAA.8	DEUT		USD	1,600,000	0.50%		10/17/57		—		(68,074	)		(77,098	)		(9,024	)
CMBX.NA.AAA.8	MSC		USD	1,605,000	0.50%		10/17/57		—		(68,287	)		(77,339	)		(9,052	)
CMBX.NA.AAA.8	BCLY		USD	3,490,000	0.50%		10/17/57		—		(158,324	)		(168,170	)		(9,846	)
CMBX.NA.AAA.8	CSI		USD	3,128,000	0.50%		10/17/57		—		(140,844	)		(150,727	)		(9,883	)
CMBX.NA.AAA.8	CSI		USD	3,250,000	0.50%		10/17/57		—		(138,275	)		(156,605	)		(18,330	)
CMBX.NA.AAA.8	MLI		USD	7,535,000	0.50%		10/17/57		—		(343,301	)		(363,085	)		(19,784	)
CMBX.NA.AAA.8	MLI		USD	3,820,000	0.50%		10/17/57		—		(163,276	)		(184,073	)		(20,797	)
CMBX.NA.AAA.8	GSC		USD	3,018,000	0.50%		10/17/57		—		(121,296	)		(145,426	)		(24,130	)

The accompanying notes are an integral part of these financial statements.


		170

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


OTC Credit Default Swap Contracts Outstanding at December 31, 2015 - (continued)
Reference Entity	Counter- party	Notional Amount^(a)			(Pay)/Receive Fixed Rate/ Implied Credit Spread^(b)	Expiration Date		Upfront Premiums Paid		Upfront Premiums Received			Market Value^†			Unrealized Appreciation/ (Depreciation)
Credit default swaps on indices: - (continued)
Sell protection: - (continued)
CMBX.NA.AAA.8	MLI		USD	7,510,000	0.50%		10/17/57	$	—	$	(331,848	)	$	(361,880	)	$	(30,032	)
CMBX.NA.AAA.8	JPM		USD	6,935,000	0.50%		10/17/57		—		(297,777	)		(334,173	)		(36,396	)
CMBX.NA.AAA.8	CSI		USD	8,575,000	0.50%		10/17/57		—		(302,398	)		(413,199	)		(110,801	)
CMBX.NA.BB.6	CSI		USD	128,000	5.00%		05/11/63		1,627		—			(5,485	)		(7,112	)
CMBX.NA.BB.6	CSI		USD	300,000	5.00%		05/11/63		—		—			(12,855	)		(12,855	)
CMBX.NA.BB.6	CBK		USD	433,000	5.00%		05/11/63		—		(3,256	)		(18,553	)		(15,297	)
CMBX.NA.BB.6	BOA		USD	2,980,000	5.00%		05/11/63		—		(28,050	)		(127,691	)		(99,641	)
CMBX.NA.BB.6	CSI		USD	5,425,000	5.00%		05/11/63		90,915		—			(232,457	)		(323,372	)
CMBX.NA.BB.8	MLI		USD	610,000	5.00%		10/17/57		—		(74,948	)		(83,161	)		(8,213	)
CMBX.NA.BB.8	MLI		USD	1,350,000	5.00%		10/17/57		—		(175,663	)		(184,797	)		(9,134	)
CMBX.NA.BB.8	CSI		USD	645,000	5.00%		10/17/57		—		(77,371	)		(87,934	)		(10,563	)
CMBX.NA.BB.8	CSI		USD	870,000	5.00%		10/17/57		—		(106,894	)		(118,608	)		(11,714	)
CMBX.NA.BB.8	GSC		USD	1,350,000	5.00%		10/17/57		—		(161,693	)		(184,797	)		(23,104	)
CMBX.NA.BB.8	BCLY		USD	1,535,000	5.00%		10/17/57		—		(184,945	)		(209,481	)		(24,536	)
CMBX.NA.BB.8	BCLY		USD	1,350,000	5.00%		10/17/57		—		(158,035	)		(184,047	)		(26,012	)
CMBX.NA.BB.8	CSI		USD	1,535,000	5.00%		10/17/57		—		(182,216	)		(209,481	)		(27,265	)
CMBX.NA.BB.8	MSC		USD	1,410,000	5.00%		10/17/57		—		(164,882	)		(192,226	)		(27,344	)
CMBX.NA.BB.8	UBS		USD	1,455,000	5.00%		10/17/57		—		(170,382	)		(198,361	)		(27,979	)
CMBX.NA.BB.8	CSI		USD	1,955,000	5.00%		10/17/57		—		(235,505	)		(266,799	)		(31,294	)
CMBX.NA.BB.8	GSC		USD	1,270,000	5.00%		10/17/57		—		(132,011	)		(173,317	)		(41,306	)
CMBX.NA.BB.8	CSI		USD	3,070,000	5.00%		10/17/57		—		(373,453	)		(418,962	)		(45,509	)
CMBX.NA.BB.8	CSI		USD	765,000	5.00%		10/17/57		—		(56,743	)		(104,293	)		(47,550	)
CMBX.NA.BB.8	JPM		USD	770,000	5.00%		10/17/57		—		(57,114	)		(104,974	)		(47,860	)
CMBX.NA.BB.8	GSC		USD	680,000	5.00%		10/17/57		—		(35,367	)		(92,800	)		(57,433	)
CMBX.NA.BB.8	MLI		USD	1,500,000	5.00%		10/17/57		—		(139,845	)		(204,496	)		(64,651	)
CMBX.NA.BB.8	CSI		USD	1,535,000	5.00%		10/17/57		—		(129,893	)		(209,267	)		(79,374	)
CMBX.NA.BB.8	BCLY		USD	4,235,000	5.00%		10/17/57		—		(482,971	)		(577,361	)		(94,390	)
CMBX.NA.BB.8	GSC		USD	1,365,000	5.00%		10/17/57		—		(71,998	)		(186,281	)		(114,283	)
CMBX.NA.BB.8	BCLY		USD	1,410,000	5.00%		10/17/57		—		(75,827	)		(192,422	)		(116,595	)
CMBX.NA.BB.8	BOA		USD	2,095,000	5.00%		10/17/57		—		(149,018	)		(285,613	)		(136,595	)
CMBX.NA.BB.8	BCLY		USD	2,085,000	5.00%		10/17/57		—		(128,002	)		(284,249	)		(156,247	)
PrimeX.ARM.2	MSC		USD	4,012,183	4.58%		12/25/37		—		(294,444	)		170,586			465,030

Total								$	118,780	$	(15,260,135	)	$	(17,164,018	)	$	(2,022,663	)

Total traded indices								$	30,787,322	$	(15,388,927	)	$	12,105,857		$	(3,292,538	)

Credit default swaps on single-name issues:
Sell protection:
Mexico Government International Bond	BCLY		USD	2,305,000	1.00%/1.72%		12/20/20	$	—	$	(38,706	)	$	(76,780	)	$	(38,074	)
Peruvian Government International Bond	GSC		USD	4,330,000	1.00%/1.87%		12/20/20		—		(178,125	)		(173,846	)		4,279
Philippines Government International Bond	BOA		USD	5,587,000	1.00%/1.09%		12/20/20		1,306		—			(22,938	)		(24,244	)
Republic of China	BOA		USD	5,580,000	1.00%/1.08%		12/20/20		—		(2,607	)		(18,856	)		(16,249	)
United Mexican States	GSC		USD	4,810,000	1.00%/1.72%		12/20/20		—		(111,827	)		(160,223	)		(48,396	)

Total								$	1,306	$	(331,265	)	$	(452,643	)	$	(122,684	)

Total single-name issues								$	1,306	$	(331,265	)	$	(452,643	)	$	(122,684	)

Total OTC contracts								$	30,788,628	$	(15,720,192	)	$	11,653,214		$	(3,415,222	)

^(a)	The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

^(b)

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues, U.S. municipal issues or sovereign government issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. The percentage shown is the implied credit spread on December 31, 2015. For credit default swap agreements on indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Credit spreads are unaudited.

The accompanying notes are an integral part of these financial statements.


		171

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Centrally Cleared Credit Default Swap Contracts Outstanding at December 31, 2015
Reference Entity	Notional Amount^(a)		(Pay)/Receive Fixed Rate			Expiration Date	Cost Basis			Market Value^†			Unrealized Appreciation/ (Depreciation)
Credit default swaps on indices:
Buy protection:
CDX.NA.HY.25	USD	79,954,000		(5.00	)%	12/20/20	$	(149,716	)	$	(1,069,438	)	$	(919,722	)
CDX.NA.IGS.24	USD	168,982,000		(1.00	)%	12/20/20		(1,004,991	)		(967,334	)		37,657
ITRAXX.EUR.24	EUR	31,618,000		(5.00	)%	12/20/20		(2,445,502	)		(2,819,226	)		(373,724	)
ITRAXX.XOV.23	EUR	5,059,000		(5.00	)%	06/20/20		(386,355	)		(356,383	)		29,972

Total							$	(3,986,564	)	$	(5,212,381	)	$	(1,225,817	)

Credit default swaps on indices:
Sell protection:
ITRAXX.EUR.24	EUR	41,714,000		1.00	%	12/20/20	$	(442,753	)	$	(505,548	)	$	(62,795	)

Total							$	(4,429,317	)	$	(5,717,929	)	$	(1,288,612	)

^(a)	The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.


Cross Currency Swap Contracts Outstanding at December 31, 2015
Receive	Pay	Maturity Date⁽¹⁾	Counter- party		Notional Amount of Currency Received		Notional Amount of Currency Delivered		Upfront Premiums Paid		Upfront Premiums Received			Market Value^†			Unrealized Appreciation/ (Depreciation)
Fixed Rate equal to 3.500% based on the notional amount of currency delivered	Variable Rate equal to the 3M USD LIBOR Rate based on the notional amount of currency	03/16/17		BOA		CNY 55,000,000		USD 8,308,157	$	204,457	$	—		$	75,856		$	(128,601	)
Variable Rate equal to the 3M USD LIBOR Rate based on the notional amount of currency delivered	Fixed Rate equal to 3.500% based on the notional amount of currency delivered	03/16/17		BOA		USD 8,308,157		CNY 55,000,000		—		(204,457	)		(161,721	)		42,736

Total									$	204,457	$	(204,457	)	$	(85,865	)	$	(85,865	)

⁽¹⁾	At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered.


OTC Interest Rate Swap Contracts Outstanding at December 31, 2015
Counterparty	Payments made by Fund	Payments received by Fund		Notional Amount			Expiration Date		Upfront Premiums Paid		Upfront Premiums Received		Market Value^†		Unrealized Appreciation/ (Depreciation)
BCLY	2.15% Fixed		CPURNSA		USD	6,010,000		09/22/25	$	—	$	—	$	15,679	$	15,679
BCLY	2.15% Fixed		CPURNSA		USD	3,670,000		09/22/25		—		—		9,575		9,575
BOA	1.81% Fixed		CPURNSA		USD	50,115,000		09/04/25		—		—		82,960		82,960
BOA	1.82% Fixed		CPURNSA		USD	39,085,000		09/22/25		—		—		37,612		37,612
DEUT	2.16% Fixed		CPURNSA		USD	6,025,000		09/22/25		—		—		13,076		13,076

Total									$	—	$	—	$	158,902	$	158,902

The accompanying notes are an integral part of these financial statements.


		172

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Foreign Currency Contracts Outstanding at December 31, 2015
Currency	Buy/Sell	Delivery Date		Counterparty	Contract Amount		Market Value^†		Unrealized Appreciation/ (Depreciation)
BRL	Sell		03/02/16	SCB	$	5,406,523	$	5,215,967	$	190,556
BRL	Sell		03/02/16	SSG		2,658,815		2,628,671		30,144
CNY	Buy		07/28/16	JPM		2,666,294		2,545,435		(120,859	)
CNY	Sell		07/28/16	GSC		523,954		524,620		(666	)
CNY	Sell		07/28/16	DEUT		2,013,657		2,020,816		(7,159	)
COP	Sell		03/16/16	SSG		105,418		108,964		(3,546	)
COP	Sell		03/16/16	SCB		998,465		1,022,541		(24,076	)
CRC	Sell		03/16/16	CBK		1,507,659		1,516,349		(8,690	)
CZK	Sell		03/16/16	CBK		3,195,674		3,156,589		39,085
EUR	Buy		01/29/16	BNP		697,197		696,034		(1,163	)
EUR	Buy		03/16/16	CBK		1,650,593		1,635,527		(15,066	)
EUR	Buy		03/15/17	BOA		962,014		928,332		(33,682	)
EUR	Buy		03/15/17	BOA		1,283,414		1,237,777		(45,637	)
EUR	Buy		03/15/17	UBS		1,622,467		1,563,798		(58,669	)
EUR	Sell		01/29/16	BOA		29,676,049		29,401,979		274,070
EUR	Sell		03/16/16	CBA		5,564,895		5,716,723		(151,828	)
EUR	Sell		03/15/17	BOA		5,923,641		6,089,419		(165,778	)
GBP	Buy		01/29/16	BNP		296,365		294,865		(1,500	)
GBP	Sell		01/29/16	JPM		10,202,331		10,088,810		113,521
GBP	Sell		03/16/16	CBK		2,903,535		2,819,039		84,496
HKD	Sell		03/03/16	GSC		4,467,901		4,472,642		(4,741	)
HKD	Sell		03/16/16	RBC		2,479,372		2,479,932		(560	)
HUF	Sell		03/16/16	CBK		567,337		562,037		5,300
IDR	Buy		05/18/16	GSC		2,688,608		2,909,165		220,557
IDR	Sell		03/16/16	BOA		6,967,894		7,128,566		(160,672	)
IDR	Sell		05/18/16	BCLY		1,465,120		1,481,161		(16,041	)
IDR	Sell		05/18/16	JPM		1,408,636		1,428,005		(19,369	)
MXN	Sell		03/16/16	RBC		6,725,650		6,667,292		58,358
MYR	Sell		03/16/16	CBK		1,110,929		1,100,744		10,185
MYR	Sell		03/16/16	JPM		599,273		591,836		7,437
MYR	Sell		03/16/16	SCB		207,228		204,536		2,692
MYR	Sell		03/16/16	CSFB		105,547		104,237		1,310
PEN	Buy		03/16/16	SCB		464,735		459,362		(5,373	)
PEN	Sell		03/16/16	SCB		4,611,168		4,574,531		36,637
PLN	Sell		03/16/16	BOA		1,624,367		1,640,544		(16,177	)
RON	Sell		03/16/16	JPM		591,781		585,662		6,119
RUB	Sell		03/16/16	CBK		3,949,780		3,740,962		208,818
RUB	Sell		03/16/16	JPM		2,593,306		2,505,974		87,332
THB	Sell		03/16/16	CBK		1,752,365		1,759,687		(7,322	)
TRY	Sell		03/16/16	BCLY		2,014,513		2,023,229		(8,716	)
UYU	Sell		03/03/16	HSBC		5,418,365		5,464,513		(46,148	)
UYU	Sell		03/16/16	HSBC		599,018		601,720		(2,702	)
UYU	Sell		03/16/16	HSBC		866,782		877,527		(10,745	)
UYU	Sell		03/16/16	HSBC		1,004,471		1,027,973		(23,502	)
ZAR	Sell		03/16/16	BCLY		2,827,033		2,795,831		31,202

Total									$	447,432

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.

The accompanying notes are an integral part of these financial statements.


		173

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Counterparty Abbreviations:
BCLY		Barclays
BNP		BNP Paribas Securities Services
BOA		Banc of America Securities LLC
CBA		Commonwealth Bank of Australia
CBK		Citibank NA
CSFB		Credit Suisse First Boston Corp.
CSI		Credit Suisse International
DEUT		Deutsche Bank Securities, Inc.
GSC		Goldman Sachs & Co.
HSBC		HSBC Bank USA
JPM		JP Morgan Chase & Co.
MLI		Merrill Lynch International
MSC		Morgan Stanley
RBC		RBC Dominion Securities, Inc.
SCB		Standard Chartered Bank
SSG		State Street Global Markets LLC
UBS		UBS AG

Currency Abbreviations:
BRL		Brazilian Real
CNY		Chinese Yuan
COP		Colombian Peso
CRC		Costa Rican Colon
CZK		Czech Koruna
EUR		Euro
GBP		British Pound
HKD		Hong Kong Dollar
HUF		Hungarian Forint
IDR		Indonesian Rupiah
MXN		Mexican Peso
MYR		Malaysian Ringgit
PEN		Peruvian Nuevo Sol
PLN		Polish Zloty
RON		New Romanian Leu
RUB		Russian Ruble
THB		Thai Baht
TRY		Turkish Lira
USD		United States Dollar
UYU		Uruguayan Peso
ZAR		South African Rand

Index Abbreviations:
ABX.HE		Markit Asset Backed Security Home Equity
CDX.EM		Credit Derivatives Emerging Markets
CDX.NA.HY		Credit Derivatives North American High Yield
CDX.NA.IG		Credit Derivatives North American Investment Grade
CMBX.NA		Markit Commercial Mortgage Backed North American
CPURNSA		Consumer Price All Urban Non-Seasonally Adjusted
ITRAXX.EUR		Markit i Traxx—Europe
ITRAXX.XOV		Markit i Traxx Index—Europe Crossover
PrimeX.ARM		Markit PrimeX Adjustable Rate Mortgage Backed Security


Other Abbreviations:
CDO		Collateralized Debt Obligation
CLO		Collateralized Loan Obligation
CMO		Collateralized Mortgage Obligation
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
FX		Foreign Exchange
GNMA		Government National Mortgage Association
LIBOR		London Interbank Offered Rate
OTC		Over-the-Counter
TBA		To Be Announced

Municipal Abbreviations:
GO		General Obligation

The accompanying notes are an integral part of these financial statements.


		174

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total			Level 1⁽¹⁾			Level 2⁽¹⁾			Level 3
Assets
Asset & Commercial Mortgage Backed Securities	$	920,067,501		$	—		$	920,067,501		$	—
Corporate Bonds		922,935,210			—			922,935,210			—
Foreign Government Obligations		90,805,780			—			90,805,780			—
Municipal Bonds		30,711,994			—			30,711,994			—
Senior Floating Rate Interests		158,953,441			—			158,953,441			—
U.S. Government Agencies		1,089,844,807			—			1,089,844,807			—
U.S. Government Securities		71,347,149			—			71,347,149			—
Preferred Stocks		2,784,505			2,784,505			—			—
Short-Term Investments		88,216,749			88,216,749			—			—
Purchased Options		18,238			—			18,238			—
Foreign Currency Contracts⁽²⁾		1,407,819			—			1,407,819			—
Futures Contracts⁽²⁾		1,906,538			1,906,538			—			—
Swaps - Credit Default⁽²⁾		3,409,459			—			3,409,459			—
Swaps - Cross Currency⁽²⁾		42,736			—			42,736			—
Swaps - Interest Rate⁽²⁾		158,902			—			158,902			—

Total	$	3,382,610,828		$	92,907,792		$	3,289,703,036		$	—

Liabilities
Foreign Currency Contracts⁽²⁾	$	(960,387	)	$	—		$	(960,387	)	$	—
Futures Contracts⁽²⁾		(2,108,003	)		(2,108,003	)		—			—
Swaps - Credit Default⁽²⁾		(8,113,293	)		—			(8,113,293	)		—
Swaps - Cross Currency⁽²⁾		(128,601	)		—			(128,601	)		—
TBA Sale Commitments		(159,521,484	)		—			(159,521,484	)		—
Written Options		(351,953	)		—			(351,953	)		—

Total	$	(171,183,721	)	$	(2,108,003	)	$	(169,075,718	)	$	—

⁽¹⁾	For the year ended December 31, 2015, investments valued at $24,775,863 were transferred from Level 1 to Level 2, and there were no transfers from Level 2 to Level 1. Investments are transferred between Level 1 and Level 2 for a variety of reasons including, but not limited to:

^a)

^b)

Equity investments with no observable trading but a bid or mean price is used (transfer into Level 2). Equity investments using observable quoted prices in an active market (transfer into Level 1).

⁽²⁾	Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The accompanying notes are an integral part of these financial statements.


		175

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2015:


	Asset & Commercial Mortgage Backed Securities			Total
Beginning balance	$	76,042,449		$	76,042,449
Purchases		—			—
Sales		(19,804,513	)		(19,804,513	)
Accrued discounts/(premiums)		65,223			65,223
Total realized gain/(loss)		2,377,013			2,377,013
Net change in unrealized appreciation/depreciation		(2,355,540	)		(2,355,540	)
Transfers into Level 3⁽¹⁾		—			—
Transfers out of Level 3⁽¹⁾		(56,324,632	)		(56,324,632	)

Ending balance	$	—		$	—

The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at December 31, 2015 was $-.

⁽¹⁾	Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

^a)

Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

^b)

Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

^c)

Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		176

Hartford Ultrashort Bond HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount				Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 20.3%
			Asset-Backed - Automobile - 7.3%
			Ally Auto Receivables Trust
	$	330,702	0.63%, 05/15/2017	$	330,603
		1,685,017	0.75%, 02/21/2017		1,683,337
			AmeriCredit Automobile Receivables
		1,660,000	1.26%, 04/08/2019		1,657,009
		850,000	1.26%, 11/08/2019		845,826
		1,055,712	ARI Fleet Lease Trust 0.63%, 01/15/2021⁽¹⁾⁽²⁾		1,054,772
			Capital Automotive Receivables Asset Trust
		2,000,000	0.99%, 10/20/2017		1,993,696
		2,200,000	1.62%, 03/20/2019		2,186,855
		1,885,000	CarMax Auto Owner Trust 1.09%, 04/15/2019		1,878,932
		1,494,219	Chesapeake Funding LLC 0.69%, 03/07/2026⁽¹⁾⁽²⁾		1,489,088
		2,000,000	Chrysler Capital Auto Receivables Trust 1.76%, 12/16/2019⁽²⁾		1,994,364
		1,540,273	Credit Acceptance Automotive Loan Trust 1.50%, 04/15/2021⁽²⁾		1,538,726
			Enterprise Fleet Financing LLC
		606,258	0.87%, 09/20/2019⁽²⁾		604,341
		712,866	1.06%, 03/20/2019⁽²⁾		711,844
		1,750,000	Fifth Third Auto Trust 1.42%, 03/16/2020		1,736,577
		1,510,664	First Investors Automotive Owner Trust 1.06%, 11/15/2018⁽²⁾		1,508,969
		3,000,000	Ford Credit Auto Lease Trust 1.38%, 12/15/2018		2,982,252
			Ford Credit Auto Owner Trust
		660,517	0.57%, 10/15/2017		660,050
		855,000	0.95%, 08/15/2018		853,926
		2,000,000	GM Financial Automobile Leasing Trust 1.30%, 05/21/2018⁽²⁾		1,997,138
			M&T Bank Automotive Receivables Trust
		1,985,459	1.06%, 11/15/2017⁽²⁾		1,985,615
		4,250,000	1.57%, 08/15/2018⁽²⁾		4,257,690
		2,500,000	Nissan Auto Lease Trust 1.18%, 12/15/2017		2,495,975
		4,000,000	Nissan Automotive Lease Trust 1.04%, 10/15/2019		3,991,498
		493,948	Prestige Automotive Receivables Trust 0.97%, 03/15/2018⁽²⁾		492,982
			Westlake Automobile Receivables Trust
		19,292	0.70%, 05/15/2017⁽²⁾		19,286
		365,970	1.17%, 03/15/2018⁽²⁾		365,470
		2,525,000	1.28%, 07/16/2018⁽²⁾		2,518,705
		390,744	Wheels SPV LLC 0.84%, 03/20/2023⁽²⁾		388,950
		1,680,000	World Omni Auto Receivables Trust 0.96%, 07/15/2019		1,674,627
			World Omni Automobile Lease Securitization Trust
		1,115,000	1.06%, 05/15/2018		1,110,085
		4,250,000	1.40%, 02/15/2019		4,250,402

					51,259,590

			Asset-Backed - Credit Card - 5.4%
			American Express Credit Account Master Trust
		1,520,000	0.98%, 05/15/2019		1,518,648
		1,485,000	1.26%, 01/15/2020		1,481,987
		2,995,000	Bank of America Credit Card Trust 0.71%, 06/15/2021⁽¹⁾		2,989,821


Shares or Principal Amount				Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 20.3% - (continued)
			Asset-Backed - Credit Card - 5.4% - (continued)
	$	1,085,000	Cabela’s Master Credit Card Trust 0.68%, 03/16/2020⁽¹⁾	$	1,082,927
		3,605,000	Capital One Multi-Asset Execution Trust 0.96%, 09/16/2019		3,599,803
		6,000,000	Chase Issuance Trust 0.75%, 11/16/2020⁽¹⁾		6,000,172
			Citibank Credit Card Issuance Trust
		3,660,000	0.57%, 11/07/2018⁽¹⁾		3,658,428
		2,045,000	1.02%, 02/22/2019		2,040,101
		4,965,000	1.32%, 09/07/2018		4,974,684
			Golden Credit Card Trust
		4,465,000	0.58%, 02/15/2018⁽¹⁾⁽²⁾		4,463,895
		3,125,000	0.75%, 03/15/2019⁽¹⁾⁽²⁾		3,111,475
		3,500,000	Synchrony Credit Card Master Note Trust 1.61%, 11/15/2020		3,488,817

					38,410,758

			Asset-Backed - Finance & Insurance - 4.2%
			Ally Master Owner Trust
		4,410,000	0.70%, 01/16/2018⁽¹⁾		4,410,000
		4,380,000	0.80%, 01/15/2019⁽¹⁾		4,374,019
		2,500,000	0.82%, 10/15/2019⁽¹⁾		2,492,036
			Ford Credit Floorplan Master Owner Trust
		2,105,000	0.73%, 02/15/2019⁽¹⁾		2,097,894
		2,450,000	0.85%, 01/15/2018		2,449,848
		1,380,000	0.93%, 08/15/2020⁽¹⁾		1,376,676
		1,150,000	GMF Floorplan Owner Revolving Trust 0.83%, 05/15/2020⁽¹⁾⁽²⁾		1,145,521
		2,550,595	John Deere Owner Trust 0.87%, 08/15/2017		2,547,752
		1,850,000	Kubota Credit Owner Trust 1.16%, 05/15/2018⁽²⁾		1,843,923
		1,290,000	MMAF Equipment Finance LLC 0.96%, 09/18/2017⁽²⁾		1,287,577
			New York City Tax Lien
		145,085	1.03%, 11/10/2027⁽²⁾		144,360
		1,894,546	1.34%, 11/10/2028⁽²⁾		1,884,695
		1,235,000	Ocwen Master Advance Receivables Trust 2.53%, 11/15/2046⁽²⁾		1,234,876
		2,209,949	Volvo Financial Equipment LLC 0.82%, 04/16/2018⁽²⁾		2,203,562

					29,492,739

			Commercial Mortgage-Backed Securities - 3.4%
			Bear Stearns Commercial Mortgage Securities, Inc.
		2,322,715	5.54%, 09/11/2041		2,344,707
		1,875,810	5.71%, 09/11/2038⁽¹⁾		1,887,923
		2,328,391	Cobalt CMBS Commercial Mortgage Trust 5.22%, 08/15/2048		2,365,509
		1,300,000	Commercial Mortgage Trust 1.91%, 01/10/2046		1,297,387
			Community or Commercial Mortgage Trust
		1,130,000	1.13%, 03/15/2029⁽¹⁾⁽²⁾		1,117,858
		1,500,000	2.37%, 02/10/2029⁽²⁾		1,509,787
		2,516,034	Credit Suisse Mortgage Capital Certificates 5.47%, 09/15/2039		2,542,619
		1,709,157	Hilton USA Trust 1.27%, 11/05/2030⁽¹⁾⁽²⁾		1,701,144
			JP Morgan Chase Commercial Mortgage Securities Trust
		33,057	3.85%, 06/15/2043⁽²⁾		32,926
		749,877	5.91%, 04/15/2045⁽¹⁾		752,279

The accompanying notes are an integral part of these financial statements.


		177

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 20.3% - (continued)
			Commercial Mortgage-Backed Securities - 3.4% - (continued)
	$	1,662,343	LB-UBS Commercial Mortgage Trust 6.09%, 04/15/2041⁽¹⁾	$	1,750,824
			Morgan Stanley Capital I Trust
		2,500,000	2.11%, 03/15/2045		2,506,848
		2,392,519	5.51%, 11/12/2049⁽¹⁾		2,443,135
		1,785,000	WFRBS Commercial Mortgage Trust 2.19%, 04/15/2045		1,792,365

					24,045,311

			Machinery - Construction & Mining - 0.0%
		187,765	Kubota Credit Owner Trust 0.58%, 02/15/2017⁽²⁾		187,654


			Total Asset & Commercial Mortgage Backed Securities (cost $144,069,989)	$	143,396,052

CORPORATE BONDS - 49.4%
			Aerospace/Defense - 0.3%
	$	2,300,000	Rockwell Collins, Inc. 0.86%, 12/15/2016⁽¹⁾	$	2,295,757

			Agriculture - 1.3%
		2,000,000	BAT International Finance plc 1.02%, 06/15/2018⁽¹⁾⁽²⁾		1,997,288
		6,000,000	Philip Morris International, Inc. 2.50%, 05/16/2016		6,036,858
		1,425,000	Reynolds American, Inc. 2.30%, 06/12/2018		1,433,950

					9,468,096

			Auto Manufacturers - 5.0%
			American Honda Finance Corp.
		2,500,000	0.78%, 07/13/2018⁽¹⁾		2,494,237
		3,250,000	0.82%, 10/07/2016⁽¹⁾		3,255,957
		2,000,000	Daimler Finance NA LLC 0.84%, 03/02/2018⁽¹⁾⁽²⁾		1,977,322
		2,000,000	Daimler Finance North America LLC 1.65%, 05/18/2018⁽²⁾		1,971,804
			Ford Motor Credit Co. LLC
		2,150,000	1.10%, 01/17/2017⁽¹⁾		2,133,462
		2,500,000	1.33%, 03/12/2019⁽¹⁾		2,447,300
		2,000,000	1.72%, 12/06/2017		1,969,194
		2,600,000	Harley-Davidson Financial Services, Inc. 3.88%, 03/15/2016⁽²⁾		2,617,280
			Nissan Motor Acceptance Corp.
		1,375,000	0.97%, 03/03/2017⁽¹⁾⁽²⁾		1,371,490
		1,975,000	1.30%, 09/26/2016⁽¹⁾⁽²⁾		1,974,603
		2,000,000	1.50%, 03/02/2018⁽²⁾		1,980,626
			PACCAR Financial Corp.
		1,500,000	1.05%, 12/06/2018⁽¹⁾		1,502,940
		1,000,000	1.40%, 05/18/2018		990,514
			Toyota Motor Credit Corp.
		1,850,000	0.64%, 01/12/2018⁽¹⁾		1,839,585
		2,000,000	0.65%, 05/17/2016⁽¹⁾		2,000,512
		2,000,000	1.13%, 05/16/2017		1,996,638
		3,000,000	Volkswagen Group of America Finance LLC 0.85%, 05/22/2018⁽¹⁾⁽²⁾		2,846,550

					35,370,014

			Beverages - 1.5%
		5,000,000	Anheuser-Busch InBev Worldwide, Inc. 0.73%, 02/01/2019⁽¹⁾		4,909,250


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 49.4% - (continued)
			Beverages - 1.5% - (continued)
	$	6,000,000	SABMiller Holdings, Inc. 1.02%, 08/01/2018⁽¹⁾⁽²⁾	$	5,952,606

					10,861,856

			Chemicals - 0.3%
			Monsanto Co.
		2,000,000	1.15%, 06/30/2017		1,985,480

			Commercial Banks - 22.7%
			Abbey National Treasury Services plc
		1,500,000	1.01%, 09/29/2017⁽¹⁾		1,487,426
		2,500,000	1.23%, 08/24/2018⁽¹⁾		2,499,060
		2,150,000	ABN Amro Bank N.V. 0.86%, 06/06/2016⁽¹⁾⁽²⁾		2,149,551
		3,000,000	Australia & New Zealand Banking Group Ltd. 0.70%, 01/10/2017⁽¹⁾⁽²⁾		3,002,289
			Bank of America Corp.
		2,000,000	1.36%, 01/15/2019⁽¹⁾		2,007,342
		2,000,000	1.66%, 03/22/2018⁽¹⁾		2,006,416
		2,000,000	1.70%, 08/25/2017		1,994,282
		1,280,000	2.00%, 01/11/2018		1,278,368
		720,000	5.65%, 05/01/2018		774,222
			Bank of Montreal
		4,000,000	0.84%, 07/15/2016⁽¹⁾		4,003,384
		2,000,000	1.40%, 04/10/2018		1,981,556
		6,000,000	Bank of Nova Scotia 0.84%, 07/15/2016⁽¹⁾		6,006,276
		2,000,000	Bank of Tokyo-Mitsubishi UFJ Ltd. 0.77%, 09/08/2017⁽¹⁾⁽²⁾		1,986,486
		2,815,000	Barclays Bank plc 0.94%, 02/17/2017⁽¹⁾		2,813,410
		2,500,000	BB&T Corp. 0.99%, 02/01/2019⁽¹⁾		2,478,332
		5,000,000	BNP Paribas S.A. 1.09%, 12/12/2016⁽¹⁾		4,999,930
		6,000,000	BPCE S.A. 1.19%, 02/10/2017⁽¹⁾		6,010,728
		2,500,000	Branch Banking & Trust Co. 0.84%, 12/01/2016⁽¹⁾		2,498,900
		6,000,000	Canadian Imperial Bank of Commerce 0.84%, 07/18/2016⁽¹⁾		6,005,370
			Citigroup, Inc.
		2,500,000	1.04%, 11/15/2016⁽¹⁾		2,502,615
		4,000,000	1.09%, 04/08/2019⁽¹⁾		3,973,316
		2,000,000	Commonwealth Bank of Australia 1.07%, 09/20/2016⁽¹⁾⁽²⁾		2,002,450
			Credit Agricole S.A.
		2,500,000	1.46%, 06/10/2020⁽¹⁾⁽²⁾		2,494,635
		3,000,000	1.46%, 10/03/2016⁽¹⁾⁽²⁾		3,009,075
		2,250,000	Credit Suisse AG 1.00%, 04/27/2018⁽¹⁾		2,239,330
		1,700,000	Credit Suisse AG 1.38%, 05/26/2017		1,691,969
		2,250,000	Credit Suisse New York 1.70%, 04/27/2018		2,233,845
			Deutsche Bank AG London
		2,000,000	0.97%, 02/13/2017⁽¹⁾		1,987,446
		2,000,000	1.35%, 05/30/2017		1,987,110
			Fifth Third Bancorp
		2,000,000	1.28%, 08/20/2018⁽¹⁾		2,002,906
		2,500,000	1.35%, 06/01/2017		2,493,000

The accompanying notes are an integral part of these financial statements.


		178

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 49.4% - (continued)
			Commercial Banks - 22.7% - (continued)
			Goldman Sachs Group, Inc.
	$	2,000,000	1.46%, 11/15/2018⁽¹⁾	$	2,008,122
		2,000,000	1.48%, 04/23/2020⁽¹⁾		2,002,962
		3,000,000	1.52%, 04/30/2018⁽¹⁾		3,013,626
		3,000,000	HSBC Bank plc 1.00%, 05/15/2018⁽¹⁾⁽²⁾		2,988,468
		1,000,000	Huntington National Bank 0.75%, 04/24/2017⁽¹⁾		994,989
		2,300,000	ING Bank N.V. 1.07%, 03/16/2018⁽¹⁾⁽²⁾		2,292,014
			JP Morgan Chase & Co.
		1,500,000	0.92%, 03/01/2018⁽¹⁾		1,489,902
		3,000,000	0.95%, 01/28/2019⁽¹⁾		2,977,809
		1,500,000	1.03%, 02/26/2016⁽¹⁾		1,500,119
		1,600,000	Key Bank NA 0.93%, 06/01/2018⁽¹⁾		1,596,163
		2,000,000	Lloyds Bank plc 1.04%, 03/16/2018⁽¹⁾		1,989,416
			Manufacturers & Traders Trust Co.
		3,000,000	0.70%, 01/30/2017⁽¹⁾		2,995,614
		1,500,000	1.40%, 07/25/2017		1,493,117
			Morgan Stanley
		3,000,000	1.17%, 01/24/2019⁽¹⁾		2,992,305
		1,525,000	1.64%, 02/25/2016⁽¹⁾		1,526,278
		1,275,000	5.95%, 12/28/2017		1,371,042
		3,000,000	Nordea Bank AB 0.97%, 04/04/2017⁽¹⁾⁽²⁾		2,997,408
		7,500,000	PNC Bank NA 1.15%, 11/01/2016		7,500,817
		3,000,000	Royal Bank of Canada 0.65%, 01/23/2017⁽¹⁾		2,997,288
		2,000,000	Santander Bank NA 1.25%, 01/12/2018⁽¹⁾		1,985,666
		3,000,000	Societe Generale S.A. 1.69%, 10/01/2018⁽¹⁾		3,024,120
		2,000,000	Standard Chartered plc 0.96%, 04/17/2018⁽¹⁾⁽²⁾		1,988,162
		3,000,000	Sumitomo Mitsui Banking Corp. 0.75%, 01/10/2017⁽¹⁾		2,991,153
		3,000,000	SunTrust Banks, Inc. 0.80%, 02/15/2017⁽¹⁾		2,989,230
		6,000,000	Svenska Handelsbanken AB 1.06%, 09/23/2016⁽¹⁾		6,001,584
			Toronto-Dominion Bank
		3,000,000	0.57%, 05/02/2017⁽¹⁾		2,993,268
		3,000,000	0.94%, 09/09/2016⁽¹⁾		3,002,763
		875,000	U.S. Bancorp 0.85%, 11/15/2018⁽¹⁾		875,139
		2,000,000	Wells Fargo & Co. 1.15%, 06/02/2017		1,992,464
		1,450,000	Wells Fargo Bank NA 0.57%, 06/02/2016⁽¹⁾		1,448,841

					160,620,874

			Diversified Financial Services - 3.4%
			American Express Credit Corp.
		1,500,000	0.83%, 07/29/2016⁽¹⁾		1,500,252
		2,500,000	1.08%, 03/18/2019⁽¹⁾		2,470,812
		1,500,000	1.13%, 06/05/2017		1,493,084


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 49.4% - (continued)
			Diversified Financial Services - 3.4% - (continued)
			Capital One Bank USA NA
	$	2,500,000	1.15%, 11/21/2016	$	2,493,980
		1,500,000	1.30%, 06/05/2017		1,487,957
			General Electric Capital Corp.
		2,000,000	0.64%, 05/15/2017⁽¹⁾		1,999,960
		3,000,000	1.32%, 04/02/2018⁽¹⁾		3,017,235
		3,750,000	Macquarie Bank Ltd. 1.33%, 01/31/2017⁽¹⁾⁽²⁾		3,754,972
		4,000,000	National Rural Utilities Cooperative Finance Corp. 0.68%, 11/23/2016⁽¹⁾		4,003,844
		1,700,000	Synchrony Financial 1.56%, 02/03/2020⁽¹⁾		1,673,142

					23,895,238

			Electric - 1.4%
		6,000,000	Duke Energy Indiana, Inc. 0.67%, 07/11/2016⁽¹⁾		6,000,024
		905,000	Exelon Corp. 1.55%, 06/09/2017		901,184
		3,165,000	NSTAR Electric Co. 0.60%, 05/17/2016⁽¹⁾		3,160,784

					10,061,992

			Electronics - 0.2%
		1,450,000	Thermo Fisher Scientific, Inc. 1.30%, 02/01/2017		1,444,873

			Gas - 0.6%
		4,000,000	Dominion Gas Holdings LLC 1.05%, 11/01/2016		3,995,768

			Healthcare-Products - 0.5%
		1,820,000	Medtronic, Inc. 1.50%, 03/15/2018		1,818,944
		1,750,000	Zimmer Biomet Holdings, Inc. 1.45%, 04/01/2017		1,741,478

					3,560,422

			Healthcare-Services - 0.4%
		2,700,000	UnitedHealth Group, Inc. 0.77%, 01/17/2017⁽¹⁾		2,701,801

			Home Furnishings - 0.4%
		2,645,000	Whirlpool Corp. 1.35%, 03/01/2017		2,629,508

			Insurance - 2.0%
		3,500,000	New York Life Global Funding 1.13%, 03/01/2017⁽²⁾		3,498,488
		3,500,000	Pricoa Global Funding I 1.15%, 11/25/2016⁽²⁾		3,499,604
			Principal Life Global Funding II
		2,000,000	1.13%, 02/24/2017⁽²⁾		1,995,188
		1,450,000	1.20%, 05/19/2017⁽²⁾		1,445,160
		4,000,000	Prudential Financial, Inc. 1.14%, 08/15/2018⁽¹⁾		3,998,476

					14,436,916

			Machinery - Construction & Mining - 0.3%
		2,175,000	Caterpillar Financial Services Corp. 0.65%, 03/03/2017⁽¹⁾		2,169,719

			Media - 0.9%
		3,000,000	NBCUniversal Enterprise, Inc. 1.01%, 04/15/2018⁽¹⁾⁽²⁾		2,994,996

The accompanying notes are an integral part of these financial statements.


		179

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount				Market Value^†
CORPORATE BONDS - 49.4% - (continued)
			Media - 0.9% - (continued)
			Thomson Reuters Corp.
	$	700,000	0.88%, 05/23/2016	$	699,454
		3,000,000	1.30%, 02/23/2017		2,985,651

					6,680,101

			Oil & Gas - 2.7%
			BP Capital Markets plc
		3,000,000	0.76%, 11/07/2016⁽¹⁾		2,995,794
		4,000,000	1.23%, 09/26/2018⁽¹⁾		3,957,452
		2,345,000	1.67%, 02/13/2018		2,342,355
		3,000,000	ConocoPhillips Co. 0.69%, 05/15/2018⁽¹⁾		2,977,920
		4,250,000	Devon Energy Corp. 1.05%, 12/15/2016⁽¹⁾		4,206,510
		3,000,000	Statoil ASA 0.80%, 11/08/2018⁽¹⁾		2,976,483

					19,456,514

			Oil & Gas Services - 0.3%
		1,800,000	Schlumberger Holdings Corp. 1.90%, 12/21/2017⁽²⁾		1,793,304

			Pharmaceuticals - 2.3%
			Actavis Funding SCS
		2,000,000	1.30%, 06/15/2017		1,980,984
		4,700,000	1.58%, 03/12/2018⁽¹⁾		4,715,106
		1,750,000	Baxalta, Inc. 1.37%, 06/22/2018⁽¹⁾⁽²⁾		1,744,540
		2,000,000	Bayer US Finance LLC 0.89%, 10/06/2017⁽¹⁾⁽²⁾		1,994,070
		1,500,000	Express Scripts Holding Co. 1.25%, 06/02/2017		1,490,001
		3,300,000	McKesson Corp. 1.29%, 03/10/2017		3,290,724
		935,000	Perrigo Co. plc 1.30%, 11/08/2016		928,387

					16,143,812

			Pipelines - 0.5%
			Enbridge, Inc.
		1,800,000	0.87%, 06/02/2017⁽¹⁾		1,762,961
		2,000,000	1.26%, 10/01/2016⁽¹⁾		1,985,004

					3,747,965

			Real Estate Investment Trusts - 0.6%
			Ventas Realty L.P.
		570,000	1.25%, 04/17/2017		565,797
		4,000,000	1.55%, 09/26/2016		4,002,760

					4,568,557

			Retail - 0.4%
			CVS Health Corp.
		1,085,000	1.20%, 12/05/2016		1,085,193
		1,500,000	1.90%, 07/20/2018		1,499,105

					2,584,298

			Software - 0.6%
		405,000	Fidelity National Information Services, Inc. 1.45%, 06/05/2017		399,519
		3,500,000	Hewlett Packard Enterprise Co. 2.45%, 10/05/2017⁽²⁾		3,497,032

					3,896,551


Shares or Principal Amount					Market Value^†
CORPORATE BONDS - 49.4% - (continued)
				Telecommunications - 0.6%
				British Telecommunications plc
	$		1,190,000	1.25%, 02/14/2017	$	1,184,381
			3,135,000	1.63%, 06/28/2016		3,138,906

						4,323,287

				Trucking & Leasing - 0.2%
			1,145,000	GATX Corp. 1.25%, 03/04/2017		1,133,529


				Total Corporate Bonds (cost $351,073,735)	$	349,826,232

MUNICIPAL BONDS - 0.5%
				Education - 0.3%
	$		2,000,000	New Jersey State Econ DA 1.10%, 06/15/2016	$	1,999,020

				General - 0.2%
			1,750,000	State of Illinois 5.13%, 07/01/2017		1,809,570


				Total Municipal Bonds (cost $3,835,977)	$	3,808,590

		U.S. GOVERNMENT AGENCIES - 17.1%
				FFCB - 11.5%
	$		20,000,000	0.45%, 04/18/2016	$	20,004,380
			27,000,000	0.45%, 09/08/2016		26,977,590
			34,150,000	0.50%, 06/27/2016		34,140,609

						81,122,579

				FHLMC - 1.7%
			7,165,000	0.63%, 11/01/2016		7,155,420
			5,000,000	0.88%, 10/14/2016		5,003,695

						12,159,115

				FNMA - 3.9%
			12,500,000	0.50%, 03/30/2016		12,500,963
			7,500,000	0.63%, 08/26/2016		7,500,375
			7,500,000	1.25%, 09/28/2016		7,527,180

						27,528,518


				Total U.S. Government Agencies (cost $120,897,811)	$	120,810,212

U.S. GOVERNMENT SECURITIES - 11.2%
				Other Direct Federal Obligations - 11.2%
				FHLB - 11.2%
	$		10,000,000	0.38%, 08/25/2016	$	9,981,600
			5,580,000	0.33%, 06/17/2016		5,573,896
			5,000,000	0.38%, 07/22/2016		4,994,185
			20,000,000	0.32%, 03/18/2016		19,997,020
			38,660,000	0.38%, 06/24/2016		38,611,559

						79,158,260


				Total U.S. Government Securities (cost $79,184,119)	$	79,158,260


				Total Long-Term Investments (cost $699,061,631)	$	696,999,346

The accompanying notes are an integral part of these financial statements.


		180

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
SHORT-TERM INVESTMENTS - 1.5%
		Other Investment Pools & Funds - 1.5%
	10,809,760	Fidelity Money Market Class 1	$	10,809,760


		Total Short-Term Investments (cost $10,809,760)	$	10,809,760



Total Investments (cost $709,871,391)^	100.0	%	$	707,809,106
Other Assets and Liabilities	0.0	%		248,484

Total Net Assets	100.0	%	$	708,057,590

The accompanying notes are an integral part of these financial statements.


		181

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $709,871,391 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	114,565
Unrealized Depreciation		(2,176,850	)

Net Unrealized Depreciation	$	(2,062,285	)

⁽¹⁾	Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2015.

⁽²⁾

Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2015, the aggregate value of these securities was $116,614,654, which represents 16.5% of total net assets.

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
FFCB		Federal Farm Credit Bank
FHLB		Federal Home Loan Bank
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
Municipal Abbreviations:
DA		Development Authority

The accompanying notes are an integral part of these financial statements.


		182

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total		Level 1⁽¹⁾		Level 2⁽¹⁾		Level 3
Assets
Asset & Commercial Mortgage Backed Securities	$	143,396,052	$	—	$	143,396,052	$	—
Corporate Bonds		349,826,232		—		349,826,232		—
Municipal Bonds		3,808,590		—		3,808,590		—
U.S. Government Agencies		120,810,212		—		120,810,212		—
U.S. Government Securities		79,158,260		—		79,158,260		—
Short-Term Investments		10,809,760		10,809,760		—		—

Total	$	707,809,106	$	10,809,760	$	696,999,346	$	—

⁽¹⁾	For the year ended December 31, 2015, there were no transfers between Level 1 and Level 2.

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2015:


	Asset & Commercial Mortgage Backed Securities			Total
Beginning balance	$	3,787,652		$	3,787,652
Purchases		—			—
Sales		—			—
Accrued discounts/(premiums)		—			—
Total realized gain/(loss)		—			—
Net change in unrealized appreciation/depreciation		—			—
Transfers into Level 3⁽¹⁾		—			—
Transfers out of Level 3⁽¹⁾		(3,787,652	)		(3,787,652	)

Ending balance	$	—		$	—

The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at December 31, 2015 was $-.

⁽¹⁾	Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

^a)

Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

^b)

Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

^c)

Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		183

Hartford U.S. Government Securities HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 24.2%
		Asset-Backed - Automobile - 3.0%
$	4,435,000	Ally Auto Receivables Trust 1.49%, 11/15/2019	$	4,417,237
	2,595,000	Capital Auto Receivables Asset Trust 2.22%, 01/22/2019		2,602,722
	3,430,000	Drive Auto Receivables Trust 2.12%, 06/17/2019⁽¹⁾		3,422,375
	1,240,000	Huntington Automotive Trust 1.07%, 02/15/2018		1,237,526
	3,350,000	Westlake Automobile Receivables Trust 3.40%, 01/15/2021⁽¹⁾		3,317,785

				14,997,645

		Asset-Backed - Credit Card - 0.7%
	3,380,000	Cabela’s Master Credit Card Trust 0.80%, 07/15/2022⁽²⁾		3,350,553

		Asset-Backed - Finance & Insurance - 10.7%
		Ares CLO Ltd.
	4,755,000	1.77%, 04/20/2023⁽¹⁾⁽²⁾		4,647,061
	3,135,000	1.84%, 04/17/2026⁽¹⁾⁽²⁾		3,113,055
	1,205,000	Avalon IV Capital Ltd. 2.14%, 04/17/2023⁽¹⁾⁽²⁾		1,195,963
	3,457,667	Cal Funding II Ltd. 3.47%, 10/25/2027⁽¹⁾		3,405,170
	4,085,000	Dryden Senior Loan Fund 1.67%, 04/18/2026⁽¹⁾⁽²⁾		4,034,346
	2,000,000	Flatiron CLO Ltd. 2.22%, 07/17/2026⁽¹⁾⁽²⁾		1,962,800
	695,000	Ford Credit Floorplan Master Owner Trust 2.32%, 01/15/2019		701,099
	1,405,000	Green Tree Agency Advance Funding Trust 2.30%, 10/15/2046⁽¹⁾		1,402,530
	3,400,000	ING Investment Management CLO Ltd. 2.19%, 03/14/2022⁽¹⁾⁽²⁾		3,360,560
	3,400,000	Limerock CLO 1.82%, 04/18/2026⁽¹⁾⁽²⁾		3,371,440
	3,400,000	Madison Park Funding Ltd. 1.60%, 10/23/2025⁽¹⁾⁽²⁾		3,355,120
	2,990,000	Magnetite CLO Ltd. 2.27%, 07/25/2026⁽¹⁾⁽²⁾		2,933,190
	1,815,000	Nationstar Agency Advance Funding Trust 1.89%, 02/18/2048⁽¹⁾		1,779,423
	2,220,000	Ocwen Master Advance Receivables Trust 2.54%, 09/17/2046⁽¹⁾		2,218,059
	2,727,807	SpringCastle America Funding LLC 2.70%, 05/25/2023⁽¹⁾		2,721,781
		Springleaf Funding Trust
	2,890,000	2.41%, 12/15/2022⁽¹⁾		2,881,791
	4,720,000	3.16%, 11/15/2024⁽¹⁾		4,686,319
	1,138,763	Structured Asset Securities Corp. 1.92%, 02/25/2033⁽²⁾		1,131,697
	3,246,500	TAL Advantage LLC 2.83%, 02/22/2038⁽¹⁾		3,227,674
	1,370,000	Voya CLO Ltd. 1.77%, 07/17/2026⁽¹⁾⁽²⁾		1,358,355

				53,487,433

		Asset-Backed - Home Equity - 0.2%
	53,754	Master Asset Backed Securities Trust 3.12%, 05/25/2033⁽²⁾		53,779


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 24.2% - (continued)
		Asset-Backed - Home Equity - 0.2% - (continued)
$	1,121,303	Morgan Stanley Asset Backed Securities Capital I 1.92%, 11/25/2032⁽²⁾	$	1,105,162

				1,158,941

		Commercial Mortgage-Backed Securities - 2.8%
		CSAIL Commercial Mortgage Trust
	2,140,000	3.50%, 06/15/2057		2,159,223
	5,100,000	3.72%, 08/15/2048		5,166,591
	2,050,000	FREMF Mortgage Trust 3.82%, 06/25/2047⁽¹⁾⁽²⁾		2,091,615
	4,750,000	New Residential Advance Receivables Trust 2.32%, 08/15/2046⁽¹⁾		4,746,869

				14,164,298

		Whole Loan Collateral CMO - 6.8%
		LSTAR Securities Investment Trust
	2,044,555	2.24%, 04/01/2020⁽¹⁾⁽²⁾		2,015,165
	4,424,422	2.24%, 05/01/2020⁽¹⁾⁽²⁾		4,332,836
	4,253,819	2.24%, 08/01/2020⁽¹⁾⁽²⁾		4,137,689
	2,325,640	Morgan Stanley Dean Witter Capital I 1.76%, 03/25/2033⁽²⁾		2,130,008
	2,122,259	Sequoia Mortgage Trust 0.86%, 02/20/2035⁽²⁾		2,004,556
	4,750,121	Springleaf Mortgage Loan Trust 1.27%, 06/25/2058⁽¹⁾⁽²⁾		4,730,885
	2,694,290	Thornburg Mortgage Securities Trust 2.27%, 04/25/2045⁽²⁾		2,691,649
		Towd Point Mortgage Trust
	2,468,673	2.75%, 04/25/2055⁽¹⁾⁽²⁾		2,441,188
	3,387,227	3.00%, 03/25/2054⁽¹⁾⁽²⁾		3,377,404
		WaMu Mortgage Pass-Through Certificates
	2,083,524	2.18%, 03/25/2033⁽²⁾		2,080,322
	2,331,169	2.43%, 10/25/2035⁽²⁾		2,232,060
	2,210,359	Wells Fargo Mortgage Backed Securities Trust 2.61%, 09/25/2033⁽²⁾		2,200,670

				34,374,432

		Total Asset & Commercial Mortgage Backed Securities (cost $121,841,737)	$	121,533,302

U.S. GOVERNMENT AGENCIES - 45.2%
		FHLMC - 13.4%
$	5,638,447	0.80%, 04/25/2020⁽²⁾	$	5,638,904
	10,895,412	1.57%, 01/25/2022		10,796,680
	939,338	3.00%, 03/15/2033		127,506
	150,001	3.00%, 08/01/2045		149,875
	236,999	3.00%, 09/01/2045		236,854
	1,877,994	3.00%, 10/01/2045		1,876,422
	8,135,005	3.00%, 12/01/2045		8,128,202
	6,205,000	3.50%, 11/15/2025		6,550,633
	1,600,000	3.50%, 12/01/2045		1,648,362
	546,556	4.00%, 06/01/2044		577,858
	15,900,000	4.00%, 01/01/2046⁽³⁾		16,796,547
	85,886	4.50%, 12/01/2018		88,855
	7,496	5.50%, 06/01/2034		8,315
	64,607	5.50%, 10/01/2035		71,800
	110,499	5.50%, 04/01/2037		122,487
	1,343,870	5.50%, 12/01/2037		1,487,179
	466,440	5.50%, 04/01/2038		515,792
	31,530	5.50%, 05/01/2038		35,082
	2,648,733	5.50%, 08/01/2038		2,946,078

The accompanying notes are an integral part of these financial statements.


		184

Hartford U.S. Government Securities HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
U.S. GOVERNMENT AGENCIES - 45.2% - (continued)
		FHLMC - 13.4% - (continued)
$	5,187	5.50%, 12/01/2039	$	5,765
	70,153	6.00%, 10/01/2021		78,735
	89,993	6.00%, 10/01/2022		101,052
	110,753	6.00%, 01/01/2028		125,733
	36,887	6.00%, 04/15/2028		41,478
	70,258	6.00%, 05/15/2028⁽⁴⁾		79,174
	81,476	6.00%, 11/15/2028		92,112
	149,737	6.00%, 12/15/2028		169,329
	310,019	6.00%, 01/15/2029		350,798
	73,480	6.00%, 02/15/2029		83,499
	82,066	6.00%, 03/15/2029		92,517
	51,275	6.00%, 05/15/2029		58,252
	12,894	6.00%, 06/15/2029		14,629
	3,540	6.00%, 03/15/2031		4,024
	149,141	6.00%, 04/15/2031		168,964
	71,844	6.00%, 10/15/2031		81,853
	79,067	6.00%, 12/01/2031		90,124
	532,208	6.00%, 12/15/2031⁽⁴⁾		603,500
	633,284	6.00%, 12/15/2031		717,401
	25,791	6.00%, 05/15/2032		29,000
	1,495,269	6.00%, 06/15/2032		1,685,248
	1,224,289	6.00%, 09/15/2032		1,376,986
	116,367	6.00%, 10/15/2032		132,913
	892	6.00%, 11/01/2032		1,017
	83,249	6.00%, 11/15/2032		94,405
	16,339	6.00%, 04/01/2033		18,358
	24,392	6.00%, 09/01/2034		27,491
	13,825	6.50%, 02/01/2017		14,130
	10,444	6.50%, 04/01/2028		11,894
	470,599	6.50%, 08/15/2028		520,085
	1,141,233	6.50%, 05/15/2032		1,300,042
	157,913	6.50%, 08/01/2032		183,643
	361,970	6.50%, 09/01/2032		412,507
	28,756	7.00%, 10/01/2026		30,079
	7,048	7.00%, 03/01/2027		7,896
	4,703	7.00%, 12/01/2027		4,866
	1,521	7.00%, 02/01/2029		1,793
	1,140	7.00%, 05/01/2029		1,331
	2,141	7.00%, 09/01/2029		2,408
	778	7.00%, 02/01/2031		919
	125,484	7.00%, 04/01/2032		147,607
	63,571	7.00%, 05/01/2032		65,367
	84,967	7.00%, 06/01/2032		99,674
	143,001	7.00%, 11/01/2032		165,687
	4,328	7.50%, 05/01/2024		4,857
	789	7.50%, 06/01/2024		800
	2,175	7.50%, 06/01/2025		2,401
	6,262	8.00%, 08/01/2024		6,536
	5,857	8.00%, 09/01/2024		6,147
	9,420	8.00%, 10/01/2024		9,902
	367	8.50%, 10/01/2024		369
	2,697	10.00%, 11/01/2020		2,732

				67,131,460

		FNMA - 30.2%
	8,135,626	1.49%, 03/01/2018		8,158,132
	3,534,314	2.22%, 10/01/2022		3,483,134
	6,312,931	2.25%, 10/01/2022		6,210,594
	3,559,320	2.31%, 10/01/2022		3,520,092
	2,040,203	2.56%, 01/01/2019		2,076,070
	1,547,902	2.65%, 07/01/2019		1,581,261


Shares or Principal Amount			Market Value^†
U.S. GOVERNMENT AGENCIES - 45.2% - (continued)
		FNMA - 30.2% - (continued)
$	2,500,000	2.68%, 05/01/2025	$	2,446,763
	2,000,000	3.00%, 01/01/2031⁽³⁾		2,060,286
	3,561,104	3.00%, 03/01/2043		3,569,087
	13,402,716	3.00%, 08/01/2043		13,429,703
	10,400,000	3.00%, 01/01/2046⁽³⁾		10,400,095
	7,779,845	3.11%, 10/01/2021		8,071,400
	274,989	3.41%, 11/01/2020		288,308
	230,244	3.50%, 11/01/2020		242,008
	4,100,000	3.50%, 01/01/2031⁽³⁾		4,293,631
	1,035,050	3.59%, 09/01/2030		1,061,010
	7,575,225	3.74%, 06/01/2018		7,855,408
	631,304	4.00%, 08/01/2045		670,976
	3,531,022	4.00%, 11/01/2045		3,741,765
	10,950,000	4.00%, 01/01/2046⁽³⁾		11,586,982
	2,462,703	4.50%, 10/01/2040		2,665,613
	1,093,363	4.50%, 10/01/2041		1,180,862
	3,133,580	4.50%, 01/01/2043		3,390,265
	1,026,139	4.50%, 09/01/2043		1,108,258
	8,125,000	4.50%, 01/01/2046⁽³⁾		8,773,984
	99,627	5.00%, 08/01/2018		103,546
	285,455	5.00%, 10/01/2018		296,786
	242,735	5.00%, 06/01/2025		262,893
	21,400,000	5.00%, 01/01/2046⁽³⁾		23,554,546
	695,457	5.46%, 05/25/2042⁽²⁾⁽⁵⁾		90,461
	28,101	5.50%, 11/01/2016		28,325
	30,946	5.50%, 10/01/2017		31,828
	24,929	5.50%, 12/01/2017		25,594
	132,638	5.50%, 04/01/2018		136,268
	89,386	5.50%, 06/01/2018		91,850
	7,415	5.50%, 07/01/2018		7,701
	1,116,273	5.50%, 08/01/2019		1,176,858
	359,483	6.00%, 10/01/2023		405,666
	45,625	6.00%, 10/25/2028		51,545
	16,844	6.00%, 11/25/2028		19,077
	67,456	6.00%, 04/25/2029		76,253
	1,044	6.00%, 05/01/2029		1,191
	55,167	6.00%, 05/25/2029		62,313
	47,632	6.00%, 06/25/2029		53,871
	101,251	6.00%, 07/25/2029		114,516
	545,332	6.00%, 05/25/2031⁽⁴⁾		619,854
	178,665	6.00%, 09/25/2031		203,603
	43,447	6.00%, 11/25/2031		49,165
	676,579	6.00%, 12/25/2031		764,272
	291,735	6.00%, 01/01/2032		332,304
	433	6.00%, 04/01/2032		490
	565	6.00%, 05/01/2032		644
	2,716	6.00%, 09/25/2032		2,985
	102,567	6.00%, 11/01/2032		115,774
	70,322	6.00%, 02/01/2033		80,252
	387,877	6.00%, 03/01/2033		442,426
	1,267,120	6.00%, 05/01/2033		1,445,115
	19,601	6.00%, 08/01/2034		22,140
	215,319	6.00%, 01/01/2035		242,980
	4,126,338	6.00%, 02/01/2037		4,656,441
	54	6.50%, 04/01/2024		62
	234	6.50%, 04/01/2027		267
	18,566	6.50%, 04/01/2028		21,218
	328	6.50%, 05/01/2028		375
	11,539	6.50%, 10/01/2028		13,222
	221,782	6.50%, 11/01/2028		255,225
	111,866	6.50%, 12/01/2028		128,666

The accompanying notes are an integral part of these financial statements.


		185

Hartford U.S. Government Securities HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
U.S. GOVERNMENT AGENCIES - 45.2% - (continued)
		FNMA - 30.2% - (continued)
$	572,270	6.50%, 06/25/2029⁽⁴⁾	$	628,965
	385,145	6.50%, 08/01/2029		440,162
	19	6.50%, 09/01/2029		21
	974	6.50%, 11/01/2030		1,113
	8,099	6.50%, 05/01/2031		9,397
	284,133	6.50%, 10/25/2031		317,322
	1,751,153	6.50%, 08/01/2032		2,016,951
	57,601	6.50%, 09/01/2032		65,829
	64	7.00%, 03/01/2016		64
	74	7.00%, 04/01/2016		74
	84	7.00%, 08/01/2016		85
	21,217	7.00%, 06/01/2017		21,431
	1,230	7.00%, 11/01/2031		1,383
	355	7.00%, 12/01/2031		365
	309,195	7.00%, 02/01/2032		361,427
	12,017	7.50%, 06/01/2023		13,524
	2,772	8.00%, 10/01/2029		3,334
	122	8.00%, 03/01/2030		126
	9,472	8.00%, 04/01/2030		11,740
	34	8.00%, 06/01/2030		34
	23,797	8.00%, 10/01/2030		29,412
	28,688	8.00%, 12/01/2030		32,854
	509	8.50%, 04/01/2017		522
	277	9.00%, 08/01/2020		301
	22,390	9.00%, 09/01/2021		22,697

				151,833,388

		GNMA - 1.6%
	349,819	4.00%, 01/20/2044		80,590
	1,359,418	5.00%, 01/20/2034		1,503,381
	1,538,158	5.50%, 09/20/2033		1,678,048
	674,304	6.00%, 01/15/2033		778,462
	426,948	6.00%, 02/15/2033		491,411
	57,090	6.50%, 12/15/2028		65,318
	43,606	6.50%, 05/15/2029		51,048
	661,679	6.50%, 05/16/2031		765,757
	61,282	6.50%, 09/15/2031		70,114
	258,982	6.50%, 10/15/2031		296,309
	286,080	6.50%, 11/15/2031		327,314
	376,883	6.50%, 01/15/2032		431,204
	20,842	7.00%, 06/20/2030		23,373
	21,676	7.00%, 05/15/2032		25,935
	48,937	7.00%, 07/15/2032		54,681
	127,679	7.00%, 09/15/2032		138,060
	746,033	7.00%, 10/15/2032		859,982
	2,383	7.50%, 04/15/2022		2,391
	4,412	7.50%, 01/15/2023		4,463
	1,017	7.50%, 05/15/2023		1,104
	6,635	7.50%, 06/15/2023		7,231
	1,847	7.50%, 07/15/2023		1,856
	19,055	7.50%, 08/15/2023		19,459
	7,788	7.50%, 09/15/2023		7,858
	11,786	7.50%, 10/15/2023		12,292
	23,691	7.50%, 11/15/2023		25,348
	9,705	7.50%, 12/15/2023		10,042
	10,499	7.50%, 02/15/2024		10,946
	2,928	7.50%, 04/15/2024		2,981
	2,621	7.50%, 05/15/2024		2,642
	91,499	7.50%, 07/15/2027		101,897
	59,212	7.50%, 04/20/2030		69,984
	119	8.50%, 09/15/2019		119


Shares or Principal Amount			Market Value^†
U.S. GOVERNMENT AGENCIES - 45.2% - (continued)
		GNMA - 1.6% - (continued)
$	10,350	8.50%, 09/15/2024	$	11,657
	1,271	8.50%, 06/15/2029		1,358
	184	8.50%, 09/15/2029		185
	6,574	8.50%, 10/15/2029		7,111
	2,856	8.50%, 01/15/2030		3,273
	8,932	8.50%, 02/15/2030		9,059
	983	8.50%, 03/15/2030		1,064

				7,955,307


		Total U.S. Government Agencies (cost $224,688,345)	$	226,920,155

U.S. GOVERNMENT SECURITIES - 41.5%
		Other Direct Federal Obligations - 24.0%
		FHLB - 24.0%
$	16,335,000	1.75%, 12/14/2018	$	16,490,133
	4,825,000	1.88%, 08/01/2019		4,858,288
	19,965,000	4.13%, 03/13/2020		21,878,426
	26,000,000	5.25%, 12/09/2022		30,888,234
	45,500,000	5.38%, 05/18/2016		46,313,449

				120,428,530

		U.S. Treasury Securities - 17.5%
		U.S. Treasury Notes - 17.5%
	18,875,000	1.13%, 04/30/2020		18,443,669
	45,235,000	1.50%, 01/31/2019		45,394,046
	25,000,000	2.00%, 08/15/2025		24,375,975

				88,213,690


		Total U.S. Government Securities (cost $206,099,392)	$	208,642,220


		Total Long-Term Investments (cost $552,629,474)	$	557,095,677



SHORT-TERM INVESTMENTS - 4.1%
		Other Investment Pools & Funds - 4.1%
	20,592,817	Fidelity Money Market Class 1	$	20,592,817


		Total Short-Term Investments (cost $20,592,817)	$	20,592,817



Total Investments (cost $573,222,291)^	115.0	%	$	577,688,494
Other Assets and Liabilities	(15.0	)%		(75,540,683	)

Total Net Assets	100.0	%	$	502,147,811

The accompanying notes are an integral part of these financial statements.


		186

Hartford U.S. Government Securities HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $573,222,291 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	6,560,182
Unrealized Depreciation		(2,093,979	)

Net Unrealized Appreciation	$	4,466,203

⁽¹⁾

Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2015, the aggregate value of these securities was $86,268,448, which represents 17.2% of total net assets.

⁽²⁾	Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2015.

⁽³⁾	Represents or includes a TBA transaction.

⁽⁴⁾	These securities pay no principal or interest during their initial accrual period, but accrue additional principal at a specified coupon rate.

⁽⁵⁾	Security disclosed is interest-only strip.


Futures Contracts Outstanding at December 31, 2015
Description	Number of Contracts		Expiration Date		Notional Amount		Market Value ^†		Unrealized Appreciation/ (Depreciation)
Long position contracts:
U.S. Treasury 10-Year Note Future		294		03/21/2016	$	37,124,169	$	37,016,437	$	(107,732	)
U.S. Treasury 2-Year Note Future		45		03/31/2016		9,790,396		9,775,547		(14,849	)
U.S. Treasury 5-Year Note Future		35		03/31/2016		4,141,562		4,141,211		(351	)
U.S. Treasury Long Bond Future		5		03/21/2016		767,352		768,750		1,398

Total									$	(121,534	)

Total futures contracts									$	(121,534	)


TBA Sale Commitments Outstanding at December 31, 2015
Description	Principal Amount		Maturity Date		Market Value ^†			Unrealized Appreciation/ (Depreciation)
FHLMC, 3.00%	$	10,400,000		01/01/2046	$	(10,382,821	)	$	25,304
FHLMC, 5.50%		4,800,000		01/01/2046		(5,308,669	)		26,456
FNMA, 3.50%		3,500,000		01/01/2046		(3,611,031	)		2,719

Total (proceeds $19,357,000)					$	(19,302,521	)	$	54,479

At December 31, 2015, the aggregate market value of these securities represents (3.8)% of total net assets.

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
CLO		Collateralized Loan Obligation
CMO		Collateralized Mortgage Obligation
FHLB		Federal Home Loan Bank
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
GNMA		Government National Mortgage Association
TBA		To Be Announced

The accompanying notes are an integral part of these financial statements.


		187

Hartford U.S. Government Securities HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total			Level 1⁽¹⁾			Level 2⁽¹⁾			Level 3
Assets
Asset & Commercial Mortgage Backed Securities	$	121,533,302		$	—		$	121,533,302		$	—
U.S. Government Agencies		226,920,155			—			226,920,155			—
U.S. Government Securities		208,642,220			—			208,642,220			—
Short-Term Investments		20,592,817			20,592,817			—			—
Futures Contracts⁽²⁾		1,398			1,398			—			—

Total	$	577,689,892		$	20,594,215		$	557,095,677		$	—

Liabilities
Futures Contracts⁽²⁾	$	(122,932	)	$	(122,932	)	$	—		$	—
TBA Sale Commitments		(19,302,521	)		—			(19,302,521	)		—

Total	$	(19,425,453	)	$	(122,932	)	$	(19,302,521	)	$	—

⁽¹⁾	For the year ended December 31, 2015, there were no transfers between Level 1 and Level 2.

⁽²⁾	Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/depreciation on the investments.

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2015:


	Asset & Commercial Mortgage Backed Securities			Total
Beginning balance	$	15,253,099		$	15,253,099
Purchases		—			—
Sales		(4,499,139	)		(4,499,139	)
Accrued discounts/(premiums)		4			4
Total realized gain/(loss)		10,340			10,340
Net change in unrealized appreciation/depreciation		1,858			1,858
Transfers into Level 3⁽¹⁾		—			—
Transfers out of Level 3⁽¹⁾		(10,766,162	)		(10,766,162	)

Ending balance	$	—		$	—

The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at December 31, 2015 was $—.

⁽¹⁾	Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

^a)

Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

^b)

Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

^c)

Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		188

Hartford Value HLS Fund

Schedule of Investments

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.4%
		Banks - 13.9%
	250,245	Citigroup, Inc.	$	12,950,179
	318,272	JP Morgan Chase & Co.		21,015,500
	53,090	M&T Bank Corp.		6,433,446
	127,490	PNC Financial Services Group, Inc.		12,151,072
	398,795	Wells Fargo & Co.		21,678,496

				74,228,693

		Capital Goods - 9.7%
	37,555	3M Co.		5,657,285
	152,625	Eaton Corp. plc		7,942,605
	155,380	Fortune Brands Home & Security, Inc.		8,623,590
	359,750	General Electric Co.		11,206,212
	52,150	Illinois Tool Works, Inc.		4,833,262
	80,835	Ingersoll-Rand plc		4,469,367
	49,700	Triumph Group, Inc.		1,975,575
	77,510	United Technologies Corp.		7,446,386

				52,154,282

		Commercial & Professional Services - 1.1%
	131,300	Nielsen Holdings plc		6,118,580

		Consumer Durables & Apparel - 1.6%
	268,035	PulteGroup, Inc.		4,776,384
	49,225	PVH Corp.		3,625,421

				8,401,805

		Consumer Services - 2.1%
	202,590	Hilton Worldwide Holdings, Inc.		4,335,426
	121,310	Norwegian Cruise Line Holdings Ltd.^*		7,108,766

				11,444,192

		Diversified Financials - 6.0%
	58,180	Ameriprise Financial, Inc.		6,191,516
	24,955	BlackRock, Inc.		8,497,677
	32,580	Goldman Sachs Group, Inc.		5,871,893
	19,985	Intercontinental Exchange, Inc.		5,121,356
	187,260	Invesco Ltd.		6,269,465
	230,200	Solar Cayman Ltd.^*(1)(2)(3)		49,723

				32,001,630

		Energy - 9.2%
	55,515	Anadarko Petroleum Corp.		2,696,919
	126,505	Chevron Corp.		11,380,390
	90,350	EOG Resources, Inc.		6,395,876
	101,545	Exxon Mobil Corp.		7,915,433
	167,325	Halliburton Co.		5,695,743
	378,820	Marathon Oil Corp.		4,769,344
	57,170	Occidental Petroleum Corp.		3,865,264
	40,020	Pioneer Natural Resources Co.		5,017,707
	251,320	Southwestern Energy Co.^*		1,786,885

				49,523,561

		Food & Staples Retailing - 1.2%
	65,370	CVS Health Corp.		6,391,225

		Food, Beverage & Tobacco - 3.4%
	98,667	British American Tobacco plc		5,479,372
	26,315	Diageo plc ADR		2,870,177
	44,670	Ingredion, Inc.		4,281,173
	76,683	Kraft Heinz Co.		5,579,455

				18,210,177

		Health Care Equipment & Services - 3.5%
	68,330	Baxter International, Inc.		2,606,790
	113,636	Medtronic plc		8,740,881


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.4% - (continued)
		Health Care Equipment & Services - 3.5% - (continued)
	61,405	UnitedHealth Group, Inc.	$	7,223,684

				18,571,355

		Insurance - 6.2%
	72,190	ACE Ltd.		8,435,402
	95,205	American International Group, Inc.		5,899,854
	103,120	Marsh & McLennan Cos., Inc.		5,718,004
	135,920	MetLife, Inc.		6,552,703
	83,395	Principal Financial Group, Inc.		3,751,107
	88,205	Unum Group		2,936,344

				33,293,414

		Materials - 3.5%
	26,800	Agrium, Inc.		2,394,312
	132,180	Dow Chemical Co.		6,804,626
	96,145	International Paper Co.		3,624,667
	55,665	Nucor Corp.		2,243,300
	197,435	Steel Dynamics, Inc.		3,528,163

				18,595,068

		Media - 2.9%
	112,430	CBS Corp. Class B		5,298,826
	97,445	Comcast Corp. Class A		5,498,821
	126,860	Thomson Reuters Corp.		4,801,651

				15,599,298

		Pharmaceuticals, Biotechnology & Life Sciences - 10.3%
	17,100	Allergan plc^*		5,343,750
	34,890	Amgen, Inc.		5,663,694
	175,150	AstraZeneca plc ADR		5,946,343
	39,810	Baxalta, Inc.		1,553,784
	120,300	Bristol-Myers Squibb Co.		8,275,437
	42,270	Gilead Sciences, Inc.		4,277,301
	242,250	Merck & Co., Inc.		12,795,645
	135,924	Pfizer, Inc.		4,387,627
	25,283	Roche Holding AG		7,006,131

				55,249,712

		Retailing - 4.7%
	53,820	Dollar General Corp.		3,868,043
	61,770	Home Depot, Inc.		8,169,082
	78,970	Lowe’s Cos., Inc.		6,004,879
	58,550	Nordstrom, Inc.		2,916,376
	34,750	Signet Jewelers Ltd.		4,298,228

				25,256,608

		Semiconductors & Semiconductor Equipment - 4.4%
	47,790	Analog Devices, Inc.		2,643,743
	331,710	Intel Corp.		11,427,409
	245,315	Maxim Integrated Products, Inc.		9,321,970

				23,393,122

		Software & Services - 4.0%
	273,105	Microsoft Corp.		15,151,865
	299,675	Symantec Corp.		6,293,175

				21,445,040

		Technology Hardware & Equipment - 3.2%
	636,060	Cisco Systems, Inc.		17,272,209

		Telecommunication Services - 1.5%
	174,040	Verizon Communications, Inc.		8,044,129

		Transportation - 0.8%
	52,220	Union Pacific Corp.		4,083,604

The accompanying notes are an integral part of these financial statements.


		189

Hartford Value HLS Fund

Schedule of Investments – (continued)

December 31, 2015


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 96.4% - (continued)
		Utilities - 3.2%
	41,070	Dominion Resources, Inc.	$	2,777,975
	78,590	Edison International		4,653,314
	131,745	Eversource Energy		6,728,217
	28,865	NextEra Energy, Inc.		2,998,785

				17,158,291


		Total Common Stocks (cost $412,539,713)	$	516,435,995


		Total Long-Term Investments (cost $412,539,713)	$	516,435,995


SHORT-TERM INVESTMENTS - 1.0%
		Other Investment Pools & Funds - 1.0%
	5,181,996	BlackRock Liquidity Funds TempFund Portfolio	$	5,181,996


		Total Short-Term Investments (cost $5,181,996)	$	5,181,996



Total Investments (cost $417,721,709)^	97.4	%	$	521,617,991
Other Assets and Liabilities	2.6	%		14,147,108

Total Net Assets	100.0	%	$	535,765,099

The accompanying notes are an integral part of these financial statements.


		190

Hartford Value HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Note:

Percentage of investments as shown is the ratio of the total market value to total net assets.

For Fund compliance purposes, the Fund may not use the same classification system shown in this report as these classifications are used for financial reporting purposes.

^	At December 31, 2015, the cost of securities for federal income tax purposes was $420,570,761 and the aggregate gross unrealized appreciation and depreciation based on that cost were:


Unrealized Appreciation	$	126,006,409
Unrealized Depreciation		(24,959,179	)

Net Unrealized Appreciation	$	101,047,230

*	Non-income producing.

⁽¹⁾


Period Acquired	Shares/ Par		Security	Cost
03/2007		230,200	Solar Cayman Ltd.	$	67,469

At December 31, 2015, the aggregate value of this security was $49,723, which represents 0.0% of total net assets.

⁽²⁾

This security is valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At December 31, 2015, the aggregate fair value of this security was $49,723, which represents 0.0% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

⁽³⁾

Securities issued within terms of a private placement memorandum, exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold only to qualified institutional buyers. Unless otherwise indicated, this holding is determined to be liquid. At December 31, 2015, the aggregate value of this security was $49,723, which represents 0.0% of total net assets.

^†	See Significant Accounting Policies of accompanying Notes to Financial Statements regarding valuation of investments.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt

The accompanying notes are an integral part of these financial statements.


		191

Hartford Value HLS Fund

Schedule of Investments – (continued)

December 31, 2015

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2015 in valuing the Fund’s investments.


	Total		Level 1⁽¹⁾		Level 2⁽¹⁾		Level 3
Assets
Common Stocks
Banks	$	74,228,693	$	74,228,693	$	—	$	—
Capital Goods		52,154,282		52,154,282		—		—
Commercial & Professional Services		6,118,580		6,118,580		—		—
Consumer Durables & Apparel		8,401,805		8,401,805		—		—
Consumer Services		11,444,192		11,444,192		—		—
Diversified Financials		32,001,630		31,951,907		—		49,723
Energy		49,523,561		49,523,561		—		—
Food & Staples Retailing		6,391,225		6,391,225		—		—
Food, Beverage & Tobacco		18,210,177		12,730,805		5,479,372		—
Health Care Equipment & Services		18,571,355		18,571,355		—		—
Insurance		33,293,414		33,293,414		—		—
Materials		18,595,068		18,595,068		—		—
Media		15,599,298		15,599,298		—		—
Pharmaceuticals, Biotechnology & Life Sciences		55,249,712		48,243,581		7,006,131		—
Retailing		25,256,608		25,256,608		—		—
Semiconductors & Semiconductor Equipment		23,393,122		23,393,122		—		—
Software & Services		21,445,040		21,445,040		—		—
Technology Hardware & Equipment		17,272,209		17,272,209		—		—
Telecommunication Services		8,044,129		8,044,129		—		—
Transportation		4,083,604		4,083,604		—		—
Utilities		17,158,291		17,158,291		—		—
Short-Term Investments		5,181,996		5,181,996		—		—

Total	$	521,617,991	$	509,082,765	$	12,485,503	$	49,723

⁽¹⁾	For the year ended December 31, 2015, there were no transfers between Level 1 and Level 2.

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2015:


	Common Stocks		Total
Beginning balance	$	16,114	$	16,114
Purchases		—		—
Sales		—		—
Accrued discounts/(premiums)		—		—
Total realized gain/(loss)		—		—
Net change in unrealized appreciation/depreciation		33,609		33,609
Transfers into Level 3⁽¹⁾		—		—
Transfers out of Level 3⁽¹⁾		—		—

Ending balance	$	49,723	$	49,723

The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at December 31, 2015 was $33,609.

⁽¹⁾	Investments are transferred into and out of Level 3 for a variety of reasons including, but not limited to:

^a)

Investments where trading has been halted (transfer into Level 3) or investments where trading has resumed (transfer out of Level 3).

^b)

Broker quoted investments (transfer into Level 3) or quoted prices in active markets (transfer out of Level 3).

^c)

Investments that have certain restrictions on trading (transfer into Level 3) or investments where trading restrictions have expired (transfer out of Level 3).

Note:

For purposes of reporting transfers between different hierarchy levels, both transfers in and out of each level, as applicable, are shown as if they occurred at the beginning of the period.

The accompanying notes are an integral part of these financial statements.


		192

[This page is intentionally left blank]


		193

Hartford HLS Funds

Statements of Assets and Liabilities

December 31, 2015


	Hartford Balanced HLS Fund			Hartford Capital Appreciation HLS Fund		Hartford Disciplined Equity HLS Fund
Assets:
Investments in securities, at market value	$	2,510,777,153		$	6,381,914,943	$	739,247,496
Cash		94,253			217,762		48,204
Cash collateral due from broker		—			—		754,400
Foreign currency		—			65,158		—
Unrealized appreciation on foreign currency contracts		—			783,025		—
Receivables:
Investment securities sold		5,382,281			42,581,878		2,175,408
Fund shares sold		36,188			375,360		7,456
Dividends and interest		9,391,191			7,827,852		703,953
Variation margin on financial derivative instruments		24,290			—		—
Other assets		5,702			—		13,367

Total assets		2,525,711,058			6,433,765,978		742,950,284

Liabilities:
Unrealized depreciation on foreign currency contracts		—			—		—
TBA sale commitments, at market value		5,386,250			—		—
Payables:
Investment securities purchased		5,345,074			65,912,410		1,496,249
Fund shares redeemed		1,594,482			4,932,586		170,529
Investment management fees		1,287,980			3,458,095		461,137
Variation margin on financial derivative instruments		—			—		157,444
Distribution fees		64,497			141,050		19,649
Accrued expenses		149,563			290,730		54,593

Total liabilities		13,827,846			74,734,871		2,359,601

Net assets	$	2,511,883,212		$	6,359,031,107	$	740,590,683

Summary of Net Assets:
Capital stock and paid-in-capital	$	2,268,898,789		$	5,737,690,820	$	496,305,011
Undistributed (distributions in excess of) net investment income		28,777,300			5,652,191		979,743
Accumulated net realized gain (loss)		(216,954,478	)		451,027,560		85,898,411
Unrealized appreciation (depreciation) of investments and the translation of assets and liabilities denominated in foreign currency		431,161,601			164,660,536		157,407,518

Net assets	$	2,511,883,212		$	6,359,031,107	$	740,590,683

Shares authorized		9,700,000,000			5,450,000,000		3,500,000,000

Par value	$	0.0010		$	0.0010	$	0.0010

Class IA: Net asset value per share	$	26.62		$	44.44	$	15.58

Shares outstanding		83,047,251			128,277,553		41,648,391

Net Assets	$	2,210,938,096		$	5,701,268,594	$	648,747,094

Class IB: Net asset value per share	$	26.99		$	43.93	$	15.46

Shares outstanding		11,148,633			14,605,206		5,941,660

Net Assets	$	300,945,116		$	641,547,573	$	91,843,589

Class IC: Net asset value per share	$	—		$	44.21	$	—

Shares outstanding		—			366,783		—

Net Assets	$	—		$	16,214,940	$	—

Cost of investments	$	2,079,483,975		$	6,217,821,500	$	582,121,743
Cost of foreign currency	$	—		$	64,928	$	—
Proceeds of TBA sale commitments	$	5,382,281		$	—	$	—
Proceeds of written option contracts	$	—		$	—	$	—

The accompanying notes are an integral part of these financial statements.


		194

Hartford HLS Funds

Statements of Assets and Liabilities – (continued)

December 31, 2015


Hartford Dividend and Growth HLS Fund		Hartford Global Growth HLS Fund		Hartford Growth Opportunities HLS Fund		Hartford Healthcare HLS Fund		Hartford High Yield HLS Fund			Hartford International Opportunities HLS Fund			Hartford MidCap HLS Fund

$	3,438,524,476	$	477,972,801	$	1,380,203,556	$	421,783,967	$	325,275,250		$	1,316,502,409		$	1,752,791,308
	286,943		—		—		—		—			—			—
	—		—		—		—		469,751			—			—
	—		37,494		—		—		—			150,164			—
	—		—		—		—		64,475			—			—

	1,360,515		818,211		4,619,915		462,347		481,906			382,175			467,833
	425,145		26,627		187,346		1,739,628		6,128			105,889			492,961
	5,132,814		736,623		1,013,662		409,637		4,850,907			3,365,136			1,156,771
	—		—		—		—		7,656			—			—
	4,854		14,370		17,681		11,580		14,808			11,333			8,892

	3,445,734,747		479,606,126		1,386,042,160		424,407,159		331,170,881			1,320,517,106			1,754,917,765


	—		—		—		—		645			—			—
	—		—		—		—		—			—			—

	—		—		8,453,560		138,172		—			1,324,686			886,180
	2,078,574		168,157		755,638		515,001		2,584,017			473,381			828,628
	1,920,921		307,464		714,368		297,443		201,225			781,303			1,017,165
	—		—		—		—		—			—			—
	96,664		18,620		37,799		13,384		17,469			36,835			22,523
	134,879		51,092		93,997		15,886		41,415			112,963			53,018

	4,231,038		545,333		10,055,362		979,886		2,844,771			2,729,168			2,807,514

$	3,441,503,709	$	479,060,793	$	1,375,986,798	$	423,427,273	$	328,326,110		$	1,317,787,938		$	1,752,110,251


$	2,236,598,936	$	359,293,497	$	1,061,919,250	$	250,496,941	$	361,648,848		$	1,657,486,611		$	1,316,140,502
	5,287,312		2,754,031		5,172,640		11,704,604		20,098,553			19,001,664			777,579
	368,514,208		46,438,090		185,787,424		56,025,935		(21,847,286	)		(383,117,925	)		176,744,843

	831,103,253		70,575,175		123,107,484		105,199,793		(31,574,005	)		24,417,588			258,447,327

$	3,441,503,709	$	479,060,793	$	1,375,986,798	$	423,427,273	$	328,326,110		$	1,317,787,938		$	1,752,110,251

	4,200,000,000		3,600,000,000		900,000,000		800,000,000		2,800,000,000			2,825,000,000			2,600,000,000

$	0.0010	$	0.0010	$	0.0010	$	0.0010	$	0.0010		$	0.0010		$	0.0010

$	22.09	$	24.39	$	34.86	$	30.32	$	7.55		$	14.19		$	33.66

	135,463,830		16,084,827		34,341,662		11,897,395		33,281,939			80,766,223			48,953,874

$	2,991,811,209	$	392,301,876	$	1,197,187,495	$	360,782,922	$	251,312,640		$	1,146,249,787		$	1,647,714,855

$	22.02	$	24.19	$	33.76	$	29.36	$	7.43		$	14.36		$	33.11

	20,424,791		3,587,092		4,689,337		2,133,803		10,361,488			11,947,541			3,153,087

$	449,692,500	$	86,758,917	$	158,303,905	$	62,644,351	$	77,013,470		$	171,538,151		$	104,395,396

$	—	$	—	$	34.57	$	—	$	—		$	—		$	—

	—		—		592,914		—		—			—			—

$	—	$	—	$	20,495,398	$	—	$	—		$	—		$	—

$	2,607,420,064	$	407,354,294	$	1,257,083,347	$	316,583,402	$	356,843,900		$	1,291,828,233		$	1,494,343,981
$	—	$	37,691	$	—	$	—	$	—		$	149,634		$	—
$	—	$	—	$	—	$	—	$	—		$	—		$	—
$	—	$	—	$	—	$	—	$	—		$	—		$	—

The accompanying notes are an integral part of these financial statements.


		195

Hartford HLS Funds

Statements of Assets and Liabilities – (continued)

December 31, 2015


	Hartford MidCap Value HLS Fund		Hartford Small Company HLS Fund			Hartford Small/Mid Cap Equity HLS Fund
Assets:
Investments in securities, at market value	$	382,419,563	$	1,218,858,867		$	95,707,711
Cash		78,588		—			1,067
Cash collateral due from broker		—		—			—
Foreign currency		11		—			—
Unrealized appreciation on foreign currency contracts		—		—			—
Unrealized appreciation on OTC swap contracts		—		—			—
Receivables:
Investment securities sold		1,523,586		7,448,252			—
Fund shares sold		4,957		93,619			13,853
Dividends and interest		403,766		681,898			298,968
Variation margin on financial derivative instruments		—		—			—
OTC swap premiums paid		—		—			—
Other assets		14,645		11,237			16,691

Total assets		384,445,116		1,227,093,873			96,038,290

Liabilities:
Unrealized depreciation on foreign currency contracts		—		—			—
Bank overdraft		—		530,258			—
Unrealized depreciation on OTC swap contracts		—		—			—
Cash collateral due to broker		—		—			—
TBA sale commitments, at market value		—		—			—
Unfunded loan commitments		—		—			—
Payables:
Investment securities purchased		1,097,349		8,563,319			—
Fund shares redeemed		139,696		914,861			76,528
Investment management fees		265,043		717,553			66,700
Distribution fees		19,889		21,010			3,587
Written options		—		—			—
Accrued expenses		29,029		68,546			11,585
OTC swap premiums received		—		—			—

Total liabilities		1,551,006		10,815,547			158,400

Net assets	$	382,894,110	$	1,216,278,326		$	95,879,890

Summary of Net Assets:
Capital stock and paid-in-capital	$	286,352,082	$	1,138,662,240		$	84,530,153
Undistributed (distributions in excess of) net investment income		890,780		—			1,254,573
Accumulated net realized gain (loss)		48,041,746		83,597,861			5,672,218
Unrealized appreciation (depreciation) of investments and the translation of assets and liabilities denominated in foreign currency		47,609,502		(5,981,775	)		4,422,946

Net assets	$	382,894,110	$	1,216,278,326		$	95,879,890

Shares authorized		1,200,000,000		1,500,000,000			900,000,000

Par value	$	0.0010	$	0.0010		$	0.0010

Class IA: Net asset value per share	$	12.33	$	17.52		$	7.45

Shares outstanding		23,614,361		63,813,201			10,659,841

Net Assets	$	291,174,257	$	1,117,777,760		$	79,378,502

Class IB: Net asset value per share	$	12.24	$	16.47		$	7.40

Shares outstanding		7,491,320		5,981,256			2,230,628

Net Assets	$	91,719,853	$	98,500,566		$	16,501,388

Cost of investments	$	334,807,433	$	1,224,837,748		$	91,284,765
Cost of foreign currency	$	11	$	—		$	—
Proceeds of TBA sale commitments	$	—	$	—		$	—
Proceeds of written option contracts	$	—	$	—		$	—

The accompanying notes are an integral part of these financial statements.


		196

Hartford HLS Funds

Statements of Assets and Liabilities – (continued)

December 31, 2015


Hartford SmallCap Growth HLS Fund		Hartford Stock HLS Fund			Hartford Total Return Bond HLS Fund			Hartford Ultrashort Bond HLS Fund			Hartford U.S. Government Securities HLS Fund			Hartford Value HLS Fund

$	1,127,258,262	$	1,526,779,024		$	3,375,685,374		$	707,809,106		$	577,688,494		$	521,617,991
	—		—			233,574			—			—			23,616
	—		—			43,613			—			475,650			—
	—		118,532			—			—			—			—
	—		—			1,407,819			—			—			—
	—		—			3,543,468			—			—			—

	1,355,977		16,119,931			294,735,404			—			19,357,000			118,429
	446,135		22,378			251,901			90,196			4,252			16,582,855
	949,285		2,707,302			18,474,619			1,039,786			1,850,865			872,462
	—		—			244,692			—			106,051			—
	—		—			30,993,085			—			—			—
	13,779		8,631			6,870			11,995			15,955			15,459

	1,130,023,438		1,545,755,798			3,725,620,419			708,951,083			599,498,267			539,230,812


	—		—			960,387			—			—			—
	—		—			—			—			169,130			—
	—		—			6,885,653			—			—			—
	—		—			14,047,001			—			—			—
	—		—			159,521,484			—			19,302,521			—
	—		—			60,000			—			—			—

	5,418,978		—			781,883,078			—			77,321,471			2,779,292
	561,360		1,176,539			1,295,438			587,224			300,565			304,095
	587,196		630,927			1,086,983			242,516			192,779			333,551
	45,117		33,369			63,180			20,871			19,242			17,234
	—		—			351,953			—			—			—
	48,365		82,040			254,336			42,882			44,748			31,541
	—		—			15,924,649			—			—			—

	6,661,016		1,922,875			982,334,142			893,493			97,350,456			3,465,713

$	1,123,362,422	$	1,543,832,923		$	2,743,286,277		$	708,057,590		$	502,147,811		$	535,765,099


$	1,070,429,156	$	1,512,463,825		$	2,724,742,692		$	707,790,221		$	602,418,536		$	369,851,117
	1,318,657		2,566,050			66,990,645			2,672,136			9,029,448			781,816
	44,555,436		(262,433,588	)		9,108,489			(342,482	)		(113,699,321	)		61,247,618

	7,059,173		291,236,636			(57,555,549	)		(2,062,285	)		4,399,148			103,884,548

$	1,123,362,422	$	1,543,832,923		$	2,743,286,277		$	708,057,590		$	502,147,811		$	535,765,099

	700,000,000		4,200,000,000			5,000,000,000			14,000,000,000			700,000,000			800,000,000

$	0.0010	$	0.0010		$	0.0010		$	0.0100		$	0.0010		$	0.0010

$	24.93	$	64.06		$	10.93		$	9.99		$	10.34		$	15.58

	36,635,588		21,669,780			224,014,514			61,153,524			39,856,676			29,250,548

$	913,413,965	$	1,388,110,424		$	2,448,280,342		$	611,087,293		$	412,059,967		$	455,713,159

$	24.38	$	64.03		$	10.87		$	9.97		$	10.32		$	15.57

	8,611,633		2,431,961			27,150,164			9,726,761			8,733,095			5,141,462

$	209,948,457	$	155,722,499		$	295,005,935		$	96,970,297		$	90,087,844		$	80,051,940

$	1,120,199,089	$	1,235,468,367		$	3,428,737,646		$	709,871,391		$	573,222,291		$	417,721,709
$	—	$	118,114		$	—		$	—		$	—		$	—
$	—	$	—		$	159,447,272		$	—		$	19,357,000		$	—
$	—	$	—		$	344,981		$	—		$	—		$	—

The accompanying notes are an integral part of these financial statements.


		197

Hartford HLS Funds

Statements of Operations

For the Year Ended December 31, 2015


	Hartford Balanced HLS Fund			Hartford Capital Appreciation HLS Fund			Hartford Disciplined Equity HLS Fund
Investment Income:
Dividends	$	40,414,789		$	104,917,271		$	11,984,333
Interest		28,472,431			161,825			15,044
Less: Foreign tax withheld		(302,558	)		(1,753,536	)		(12,003	)

Total investment income, net		68,584,662			103,325,560			11,987,374

Expenses:
Investment management fees		16,927,685			43,560,451			5,699,248
Administrative services fees
Class IC		—			25,033			—
Transfer agent fees
Class IA		4,909			8,403			4,692
Class IB		683			975			669
Class IC		—			14			—
Distribution fees
Class IB		837,549			1,786,007			246,272
Class IC		—			25,033			—
Custodian fees		19,113			105,458			4,195
Registration and filing fees		20,599			39,883			14,765
Accounting services fees		438,728			1,163,165			94,653
Board of Directors’ fees		77,359			192,371			22,773
Audit fees		35,445			34,111			21,184
Other expenses		366,222			730,124			154,253

Total expenses (before waivers and fees paid indirectly)		18,728,292			47,671,028			6,262,704
Management fee waivers		(548,410	)		—			—
Commission recapture		(10,202	)		(148,512	)		(7,898	)

Total waivers and fees paid indirectly		(558,612	)		(148,512	)		(7,898	)

Total expenses, net		18,169,680			47,522,516			6,254,806

Net Investment Income (Loss)		50,414,982			55,803,044			5,732,568

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain (loss) on investments		219,028,783			487,573,981			86,618,835
Net realized gain (loss) on purchased options contracts		—			(19,529	)		—
Net realized gain (loss) on futures contracts		(574,265	)		—			(259,876	)
Net realized gain (loss) on swap contracts		—			—			—
Net realized gain (loss) on foreign currency contracts		—			12,365,127			—
Net realized gain (loss) on other foreign currency transactions		(34,977	)		(728,633	)		—

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		218,419,541			499,190,946			86,358,959

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized appreciation (depreciation) of investments		(261,082,152	)		(462,887,172	)		(39,844,158	)
Net unrealized appreciation (depreciation) of futures contracts		(123,477	)		—			281,759
Net unrealized appreciation (depreciation) of swap contracts		—			—			—
Net unrealized appreciation (depreciation) of foreign currency contracts		—			(3,308,109	)		—
Net unrealized appreciation (depreciation) of translation of other assets and liabilities in foreign currencies		(9,021	)		(62,993	)		6

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions		(261,214,650	)		(466,258,274	)		(39,562,393	)

Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions:		(42,795,109	)		32,932,672			46,796,566

Net Increase (Decrease) in Net Assets Resulting from Operations	$	7,619,873		$	88,735,716		$	52,529,134

The accompanying notes are an integral part of these financial statements.


		198

Hartford HLS Funds

Statements of Operations – (continued)

For the Year Ended December 31, 2015


Hartford Dividend and Growth HLS Fund			Hartford Global Growth HLS Fund			Hartford Growth Opportunities HLS Fund			Hartford Healthcare HLS Fund			Hartford High Yield HLS Fund			Hartford International Opportunities HLS Fund			Hartford MidCap HLS Fund

$	94,838,564		$	7,241,984		$	9,775,733		$	3,616,136		$	319,819		$	35,010,599		$	14,280,119
	48,180			15,642			7,291			9,487			24,029,958			32,057			3,696
	(637,230	)		(281,575	)		(90,980	)		(44,462	)		—			(3,455,035	)		(58,721	)

	94,249,514			6,976,051			9,692,044			3,581,161			24,349,777			31,587,621			14,225,094


	24,266,487			3,655,333			8,482,482			3,467,850			2,765,886			9,834,521			12,363,820

	—			—			22,815			—			—			—			—

	5,312			4,398			6,960			4,509			4,275			5,661			5,814
	812			1,010			928			844			1,377			850			387
	—			—			52			—			—			—			—

	1,244,794			227,437			408,204			164,641			240,658			467,721			286,990
	—			—			22,815			—			—			—			—
	17,052			17,984			17,859			7,587			4,611			92,616			9,763
	20,914			14,100			50,440			16,096			14,115			16,505			16,874
	450,319			68,177			139,708			41,786			79,025			229,364			183,820
	105,742			14,092			39,415			11,888			11,673			40,577			51,955
	27,601			43,966			23,858			21,762			31,878			51,515			24,497
	423,029			120,284			271,704			38,762			97,360			282,943			155,890

	26,562,062			4,166,781			9,487,240			3,775,725			3,250,858			11,022,273			13,099,810
	—			—			—			—			—			—			—
	(30,260	)		(934	)		(30,973	)		(5,166	)		—			(16,099	)		(26,083	)

	(30,260	)		(934	)		(30,973	)		(5,166	)		—			(16,099	)		(26,083	)

	26,531,802			4,165,847			9,456,267			3,770,559			3,250,858			11,006,174			13,073,727

	67,717,712			2,810,204			235,777			(189,398	)		21,098,919			20,581,447			1,151,367


	382,574,426			46,861,138			195,613,761			69,065,771			(13,898,504	)		45,302,244			179,589,506
	—			—			—			—			—			—			—
	—			—			—			—			—			—			—
	—			—			—			—			(51,895	)		—			—
	—			—			—			(28,402	)		1,406,433			—			—
	(14,922	)		(18,003	)		(84,682	)		5,473			(126,675	)		(698,795	)		(568	)

	382,559,504			46,843,135			195,529,079			69,042,842			(12,670,641	)		44,603,449			179,588,938



	(492,431,050	)		(12,480,647	)		(41,497,799	)		(21,656,841	)		(22,578,572	)		(34,275,581	)		(152,431,577	)
	—			—			—			—			—			—			—
	—			—			—			—			(66,230	)		—			—
	—			—			(848	)		(3,944	)		(218,266	)		(13,288	)		—
	1,557			(14,942	)		(3,208	)		490			5,898			(63,584	)		—


	(492,429,493	)		(12,495,589	)		(41,501,855	)		(21,660,295	)		(22,857,170	)		(34,352,453	)		(152,431,577	)

	(109,869,989	)		34,347,546			154,027,224			47,382,547			(35,527,811	)		10,250,996			27,157,361

$	(42,152,277	)	$	37,157,750		$	154,263,001		$	47,193,149		$	(14,428,892	)	$	30,832,443		$	28,308,728

The accompanying notes are an integral part of these financial statements.


		199

Hartford HLS Funds

Statements of Operations – (continued)

For the Year Ended December 31, 2015


	Hartford MidCap Value HLS Fund			Hartford Small Company HLS Fund			Hartford Small/Mid Cap Equity HLS Fund
Investment Income:
Dividends	$	5,865,996		$	8,252,244		$	2,561,411
Interest		3,126			49,160			491
Less: Foreign tax withheld		(108,800	)		(4,886	)		(2,715	)

Total investment income, net		5,760,322			8,296,518			2,559,187

Expenses:
Investment management fees		3,450,120			9,400,972			901,889
Transfer agent fees
Class IA		3,891			6,208			4,124
Class IB		1,257			578			931
Distribution fees
Class IB		263,315			294,017			52,083
Custodian fees		8,973			12,818			2,268
Registration and filing fees		14,121			15,749			20,025
Accounting services fees		43,126			165,520			15,783
Board of Directors’ fees		12,681			39,403			3,788
Audit fees		21,079			23,055			16,828
Other expenses		79,556			186,989			30,015

Total expenses (before waivers and fees paid indirectly)		3,898,119			10,145,309			1,047,734
Commission recapture		(5,738	)		(68,295	)		(21	)

Total waivers and fees paid indirectly		(5,738	)		(68,295	)		(21	)

Total expenses, net		3,892,381			10,077,014			1,047,713

Net Investment Income (Loss)		1,867,941			(1,780,496	)		1,511,474

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain (loss) on investments		49,325,686			88,027,896			5,335,423
Less: Foreign taxes paid on realized capital gains		—			—			—
Net realized gain (loss) on purchased options contracts		—			—			—
Net realized gain (loss) on futures contracts		—			—			—
Net realized gain (loss) on written options contracts		—			—			—
Net realized gain (loss) on swap contracts		—			—			—
Net realized gain (loss) on foreign currency contracts		—			392			—
Net realized gain (loss) on other foreign currency transactions		(12,852	)		(63	)		(107	)

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		49,312,834			88,028,225			5,335,316

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized appreciation (depreciation) of investments		(53,903,213	)		(198,108,689	)		(11,517,750	)
Net unrealized appreciation (depreciation) of purchased options contracts		—			—			—
Net unrealized appreciation (depreciation) of futures contracts		—			—			—
Net unrealized appreciation (depreciation) of written option contracts		—			—			—
Net unrealized appreciation (depreciation) of swap contracts		—			—			—
Net unrealized appreciation (depreciation) of foreign currency contracts		538			—			—
Net unrealized appreciation (depreciation) of translation of other assets and liabilities in foreign currencies		(2,245	)		(2,894	)		—

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions		(53,904,920	)		(198,111,583	)		(11,517,750	)

Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions:		(4,592,086	)		(110,083,358	)		(6,182,434	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(2,724,145	)	$	(111,863,854	)	$	(4,670,960	)

The accompanying notes are an integral part of these financial statements.


		200

Hartford HLS Funds

Statements of Operations – (continued)

For the Year Ended December 31, 2015


Hartford SmallCap Growth HLS Fund			Hartford Stock HLS Fund			Hartford Total Return Bond HLS Fund			Hartford Ultrashort Bond HLS Fund			Hartford U.S. Government Securities HLS Fund			Hartford Value HLS Fund

$	7,779,221		$	38,996,616		$	282,261		$	82		$	410		$	13,510,964
	7,052			18,733			102,243,750			5,966,651			10,900,924			6,192
	(1,547	)		(392,494	)		(42,890	)		(144	)		—			(84,326	)

	7,784,726			38,622,855			102,483,121			5,966,589			10,901,334			13,432,830


	5,353,305			7,769,540			14,007,858			3,132,109			2,425,792			4,263,777

	6,249			4,874			5,349			4,731			4,313			4,865
	1,508			561			657			763			935			905

	423,108			420,838			826,299			271,819			240,375			225,962
	8,929			9,907			82,294			4,930			5,708			4,347
	28,705			18,228			19,384			4,400			1,188			13,487
	105,066			162,934			604,286			78,303			64,741			57,611
	23,984			45,661			85,653			22,717			15,863			16,175
	18,222			22,453			35,752			31,185			26,181			19,118
	129,515			239,486			493,565			123,864			117,116			95,244

	6,098,591			8,694,482			16,161,097			3,674,821			2,902,212			4,701,491
	(14,440	)		(7,345	)		—			—			—			(959	)

	(14,440	)		(7,345	)		—			—			—			(959	)

	6,084,151			8,687,137			16,161,097			3,674,821			2,902,212			4,700,532

	1,700,575			29,935,718			86,322,024			2,291,768			7,999,122			8,732,298


	45,902,185			155,075,989			(3,632,830	)		6,610			7,154,012			66,867,181
	—			—			(2,823	)		—			—			—
	—			—			(2,281,900	)		—			—			—
	127,536			—			2,496,231			—			(444,637	)		—
	—			—			3,205,667			—			—			—
	—			—			(11,992,832	)		—			—			—
	—			—			8,101,539			—			—			—
	—			(80,699	)		(437,671	)		—			—			(7,972	)

	46,029,721			154,995,290			(4,544,619	)		6,610			6,709,375			66,859,209



	(76,627,391	)		(142,046,431	)		(97,923,220	)		(1,395,680	)		(5,900,425	)		(92,710,512	)
	—			—			1,325,906			—			—			—
	—			—			(461,264	)		—			(385,760	)		—
	—			—			(6,972	)		—			—			—
	—			—			1,398,639			—			—			—
	—			—			(703,054	)		—			—			—
	—			(13,827	)		36,468			—			—			(2,164	)


	(76,627,391	)		(142,060,258	)		(96,333,497	)		(1,395,680	)		(6,286,185	)		(92,712,676	)

	(30,597,670	)		12,935,032			(100,878,116	)		(1,389,070	)		423,190			(25,853,467	)

$	(28,897,095	)	$	42,870,750		$	(14,556,092	)	$	902,698		$	8,422,312		$	(17,121,169	)

The accompanying notes are an integral part of these financial statements.


		201

Hartford HLS Funds

Statements of Changes in Net Assets



	Hartford Balanced HLS Fund
	For the Year Ended December 31, 2015			For the Year Ended December 31, 2014
Operations:
Net investment income (loss)	$	50,414,982		$	51,655,887
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		218,419,541			276,352,031
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		(261,214,650	)		(47,566,921	)

Net Increase (Decrease) in Net Assets Resulting from Operations		7,619,873			280,440,997

Distributions to Shareholders:
From net investment income
Class IA		(43,115,909	)		(45,323,982	)
Class IB		(4,997,202	)		(5,428,017	)
Class IC		—			—

Total from net investment income		(48,113,111	)		(50,751,999	)

From net realized gain on investments
Class IA		—			—
Class IB		—			—
Class IC		—			—

Total from net realized gain on investments		—			—

Total distributions		(48,113,111	)		(50,751,999	)

Capital Share Transactions:
Sold		16,708,307			29,948,231
Issued in merger		—			—
Issued on reinvestment of distributions		48,113,111			50,751,999
Redeemed		(436,469,018	)		(568,743,885	)

Net increase (decrease) from capital share transactions		(371,647,600	)		(488,043,655	)

Net Increase (Decrease) in Net Assets		(412,140,838	)		(258,354,657	)

Net Assets:
Beginning of period		2,924,024,050			3,182,378,707

End of period	$	2,511,883,212		$	2,924,024,050

Undistributed (distributions in excess of) net investment income	$	28,777,300		$	12,146,180

The accompanying notes are an integral part of these financial statements.


		202

Hartford HLS Funds

Statements of Changes in Net Assets – (continued)


Hartford Capital Appreciation HLS Fund						Hartford Disciplined Equity HLS Fund						Hartford Dividend and Growth HLS Fund						Hartford Global Growth HLS Fund
For the Year Ended December 31, 2015			For the Year Ended December 31, 2014			For the Year Ended December 31, 2015			For the Year Ended December 31, 2014			For the Year Ended December 31, 2015			For the Year Ended December 31, 2014			For the Year Ended December 31, 2015			For the Year Ended December 31, 2014

$	55,803,044		$	70,854,450		$	5,732,568		$	5,988,213		$	67,717,712		$	73,253,569		$	2,810,204		$	2,376,685
	499,190,946			1,321,954,289			86,358,959			247,155,443			382,559,504			526,074,623			46,843,135			81,799,082
	(466,258,274	)		(862,281,313	)		(39,562,393	)		(125,763,344	)		(492,429,493	)		(90,165,449	)		(12,495,589	)		(55,459,197	)

	88,735,716			530,527,426			52,529,134			127,380,312			(42,152,277	)		509,162,743			37,157,750			28,716,570



	(52,995,203	)		(58,028,812	)		(5,191,407	)		(4,941,220	)		(56,949,781	)		(64,043,916	)		(2,064,712	)		(1,805,993	)
	(4,290,700	)		(4,922,730	)		(493,379	)		(458,078	)		(7,355,049	)		(8,635,172	)		(265,636	)		(242,510	)
	(91,794	)		(22,513	)		—			—			—			—			—			—

	(57,377,697	)		(62,974,055	)		(5,684,786	)		(5,399,298	)		(64,304,830	)		(72,679,088	)		(2,330,348	)		(2,048,503	)


	(1,143,708,705	)		(939,864,465	)		(208,795,133	)		(6,976,085	)		(446,508,332	)		(428,416,451	)		(17,807,958	)		—
	(133,658,050	)		(115,099,182	)		(29,781,590	)		(1,024,081	)		(67,944,325	)		(71,756,795	)		(4,152,455	)		—
	(2,343,239	)		(94,687	)		—			—			—			—			—			—

	(1,279,709,994	)		(1,055,058,334	)		(238,576,723	)		(8,000,166	)		(514,452,657	)		(500,173,246	)		(21,960,413	)		—

	(1,337,087,691	)		(1,118,032,389	)		(244,261,509	)		(13,399,464	)		(578,757,487	)		(572,852,334	)		(24,290,761	)		(2,048,503	)


	188,886,238			415,488,651			13,385,373			11,590,066			66,003,700			88,827,777			30,124,439			16,640,070
	—			—			—			—			—			—			—			84,599,762
	1,337,087,691			1,118,032,389			244,261,509			13,399,464			578,757,487			572,852,334			24,290,761			2,048,503
	(1,157,183,786	)		(1,706,234,966	)		(167,010,558	)		(226,981,043	)		(630,845,783	)		(931,427,860	)		(69,742,484	)		(88,344,788	)

	368,790,143			(172,713,926	)		90,636,324			(201,991,513	)		13,915,404			(269,747,749	)		(15,327,284	)		14,943,547

	(879,561,832	)		(760,218,889	)		(101,096,051	)		(88,010,665	)		(606,994,360	)		(333,437,340	)		(2,460,295	)		41,611,614


	7,238,592,939			7,998,811,828			841,686,734			929,697,399			4,048,498,069			4,381,935,409			481,521,088			439,909,474

$	6,359,031,107		$	7,238,592,939		$	740,590,683		$	841,686,734		$	3,441,503,709		$	4,048,498,069		$	479,060,793		$	481,521,088

$	5,652,191		$	11,138,263		$	979,743		$	984,798		$	5,287,312		$	3,104,685		$	2,754,031		$	2,330,460

The accompanying notes are an integral part of these financial statements.


		203

Hartford HLS Funds

Statements of Changes in Net Assets – (continued)


	Hartford Growth Opportunities HLS Fund
	For the Year Ended December 31, 2015			For the Year Ended December 31, 2014
Operations:
Net investment income (loss)	$	235,777		$	1,663,894
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		195,529,079			279,584,109
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		(41,501,855	)		(112,843,943	)

Net Increase (Decrease) in Net Assets Resulting from Operations		154,263,001			168,404,060

Distributions to Shareholders:
From net investment income
Class IA		(1,563,969	)		(2,042,095	)
Class IB		—			(17,409	)
Class IC		—			(483	)

Total from net investment income		(1,563,969	)		(2,059,987	)

From net realized gain on investments
Class IA		(246,075,850	)		(192,350,961	)
Class IB		(33,542,514	)		(27,496,799	)
Class IC		(2,276,630	)		(45,561	)

Total from net realized gain on investments		(281,894,994	)		(219,893,321	)

Total distributions		(283,458,963	)		(221,953,308	)

Capital Share Transactions:
Sold		73,681,828			31,350,218
Issued in merger		—			222,041,000
Issued on reinvestment of distributions		283,458,963			221,953,308
Redeemed		(217,081,410	)		(265,282,613	)

Net increase (decrease) from capital share transactions		140,059,381			210,061,913

Net Increase (Decrease) in Net Assets		10,863,419			156,512,665

Net Assets:
Beginning of period		1,365,123,379			1,208,610,714

End of period	$	1,375,986,798		$	1,365,123,379

Undistributed (distributions in excess of) net investment income	$	5,172,640		$	1,563,941

The accompanying notes are an integral part of these financial statements.


		204

Hartford HLS Funds

Statements of Changes in Net Assets – (continued)


Hartford Healthcare HLS Fund						Hartford High Yield HLS Fund						Hartford International Opportunities HLS Fund						Hartford MidCap HLS Fund
For the Year Ended December 31, 2015			For the Year Ended December 31, 2014			For the Year Ended December 31, 2015			For the Year Ended December 31, 2014			For the Year Ended December 31, 2015			For the Year Ended December 31, 2014			For the Year Ended December 31, 2015			For the Year Ended December 31, 2014

$	(189,398	)	$	(61,309	)	$	21,098,919		$	25,325,337		$	20,581,447		$	19,445,004		$	1,151,367		$	1,517,535
	69,042,842			49,979,363			(12,670,641	)		9,413,824			44,603,449			137,265,055			179,588,938			225,619,133
	(21,660,295	)		27,743,069			(22,857,170	)		(21,035,054	)		(34,352,453	)		(218,169,124	)		(152,431,577	)		(47,543,903	)

	47,193,149			77,661,123			(14,428,892	)		13,704,107			30,832,443			(61,459,065	)		28,308,728			179,592,765



	—			(678,876	)		(18,980,813	)		(26,651,985	)		(17,879,578	)		(28,436,476	)		(1,399,724	)		(1,569,593	)
	—			(23,622	)		(5,933,685	)		(8,502,614	)		(2,176,492	)		(4,045,018	)		(90,171	)		—
	—			—			—			—			—			—			—			—

	—			(702,498	)		(24,914,498	)		(35,154,599	)		(20,056,070	)		(32,481,494	)		(1,489,895	)		(1,569,593	)


	(41,644,271	)		(21,244,591	)		—			—			—			—			(197,172,246	)		(190,670,431	)
	(7,763,435	)		(4,809,571	)		—			—			—			—			(12,701,934	)		(10,000,370	)
	—			—			—			—			—			—			—			—

	(49,407,706	)		(26,054,162	)		—			—			—			—			(209,874,180	)		(200,670,801	)

	(49,407,706	)		(26,756,660	)		(24,914,498	)		(35,154,599	)		(20,056,070	)		(32,481,494	)		(211,364,075	)		(202,240,394	)


	117,587,462			94,759,735			26,601,652			31,892,841			79,856,988			200,998,632			287,047,471			350,150,072
	—			—			—			—			—			—			—			—
	49,407,706			26,756,660			24,914,498			35,154,599			20,056,070			32,481,494			211,364,075			202,240,394
	(103,345,971	)		(111,334,189	)		(111,075,638	)		(133,409,107	)		(221,900,580	)		(380,006,851	)		(316,201,121	)		(342,895,605	)

	63,649,197			10,182,206			(59,559,488	)		(66,361,667	)		(121,987,522	)		(146,526,725	)		182,210,425			209,494,861

	61,434,640			61,086,669			(98,902,878	)		(87,812,159	)		(111,211,149	)		(240,467,284	)		(844,922	)		186,847,232


	361,992,633			300,905,964			427,228,988			515,041,147			1,428,999,087			1,669,466,371			1,752,955,173			1,566,107,941

$	423,427,273		$	361,992,633		$	328,326,110		$	427,228,988		$	1,317,787,938		$	1,428,999,087		$	1,752,110,251		$	1,752,955,173

$	11,704,604		$	(453,384	)	$	20,098,553		$	24,717,833		$	19,001,664		$	16,429,199		$	777,579		$	1,489,848

The accompanying notes are an integral part of these financial statements.


		205

Hartford HLS Funds

Statements of Changes in Net Assets – (continued)


	Hartford MidCap Value HLS Fund
	For the Year Ended December 31, 2015			For the Year Ended December 31, 2014
Operations:
Net investment income (loss)	$	1,867,941		$	2,586,015
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		49,312,834			59,484,905
Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions		(53,904,920	)		(24,577,736	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(2,724,145	)		37,493,184

Distributions to Shareholders:
From net investment income
Class IA		(1,833,760	)		(2,401,785	)
Class IB		(310,161	)		(480,216	)

Total from net investment income		(2,143,921	)		(2,882,001	)

From net realized gain on investments
Class IA		(44,253,137	)		(45,536,344	)
Class IB		(14,602,875	)		(14,755,531	)

Total from net realized gain on investments		(58,856,012	)		(60,291,875	)

Total distributions		(60,999,933	)		(63,173,876	)

Capital Share Transactions:
Sold		8,423,245			14,676,497
Issued on reinvestment of distributions		60,999,933			63,173,876
Redeemed		(78,708,045	)		(97,421,767	)

Net increase (decrease) from capital share transactions		(9,284,867	)		(19,571,394	)

Net Increase (Decrease) in Net Assets		(73,008,945	)		(45,252,086	)

Net Assets:
Beginning of period		455,903,055			501,155,141

End of period	$	382,894,110		$	455,903,055

Undistributed (distributions in excess of) net investment income	$	890,780		$	1,158,145

The accompanying notes are an integral part of these financial statements.


		206

Hartford HLS Funds

Statements of Changes in Net Assets – (continued)


Hartford Small Company HLS Fund						Hartford Small/Mid Cap Equity HLS Fund						Hartford SmallCap Growth HLS Fund						Hartford Stock HLS Fund
For the Year Ended December 31, 2015			For the Year Ended December 31, 2014			For the Year Ended December 31, 2015			For the Year Ended December 31, 2014			For the Year Ended December 31, 2015			For the Year Ended December 31, 2014			For the Year Ended December 31, 2015			For the Year Ended December 31, 2014

$	(1,780,496	)	$	(5,434,363	)	$	1,511,474		$	1,491,873		$	1,700,575		$	892,478		$	29,935,718		$	31,165,049
	88,028,225			260,712,949			5,335,316			17,795,825			46,029,721			98,705,848			154,995,290			145,989,283
	(198,111,583	)		(161,616,916	)		(11,517,750	)		(13,114,377	)		(76,627,391	)		(60,032,088	)		(142,060,258	)		8,836,263

	(111,863,854	)		93,661,670			(4,670,960	)		6,173,321			(28,897,095	)		39,566,238			42,870,750			185,990,595



	—			—			(1,119,387	)		(1,610,847	)		(562,638	)		(370,992	)		(25,254,549	)		—
	—			—			(189,421	)		(274,653	)		—			—			(2,429,965	)		—

	—			—			(1,308,808	)		(1,885,500	)		(562,638	)		(370,992	)		(27,684,514	)		—


	(235,415,969	)		(226,746,631	)		(14,586,015	)		(19,560,822	)		(74,730,595	)		(104,367,708	)		—			(28,166,569	)
	(22,082,672	)		(23,620,519	)		(3,233,544	)		(4,152,245	)		(23,707,028	)		(22,471,437	)		—			(2,831,617	)

	(257,498,641	)		(250,367,150	)		(17,819,559	)		(23,713,067	)		(98,437,623	)		(126,839,145	)		—			(30,998,186	)

	(257,498,641	)		(250,367,150	)		(19,128,367	)		(25,598,567	)		(99,000,261	)		(127,210,137	)		(27,684,514	)		(30,998,186	)


	166,334,124			190,640,175			4,931,280			8,923,364			681,534,004			259,035,106			9,402,151			24,354,691
	257,498,641			250,367,150			19,128,367			25,598,567			99,000,261			127,210,137			27,684,514			30,998,186
	(241,524,090	)		(377,580,543	)		(25,688,609	)		(37,546,080	)		(201,704,918	)		(216,309,600	)		(243,328,995	)		(347,171,203	)

	182,308,675			63,426,782			(1,628,962	)		(3,024,149	)		578,829,347			169,935,643			(206,242,330	)		(291,818,326	)

	(187,053,820	)		(93,278,698	)		(25,428,289	)		(22,449,395	)		450,931,991			82,291,744			(191,056,094	)		(136,825,917	)


	1,403,332,146			1,496,610,844			121,308,179			143,757,574			672,430,431			590,138,687			1,734,889,017			1,871,714,934

$	1,216,278,326		$	1,403,332,146		$	95,879,890		$	121,308,179		$	1,123,362,422		$	672,430,431		$	1,543,832,923		$	1,734,889,017

$	—		$	—		$	1,254,573		$	1,496,963		$	1,318,657		$	756,011		$	2,566,050		$	1,119,394

The accompanying notes are an integral part of these financial statements.


		207

Hartford HLS Funds

Statements of Changes in Net Assets – (continued)


	Hartford Total Return Bond HLS Fund
	For the Year Ended December 31, 2015			For the Year Ended December 31, 2014
Operations:
Net investment income (loss)	$	86,322,024		$	98,771,667
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		(4,544,619	)		98,015,103
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		(96,333,497	)		6,484,653

Net Increase (Decrease) in Net Assets Resulting from Operations		(14,556,092	)		203,271,423

Distributions to Shareholders:
From net investment income
Class IA		(81,109,076	)		(97,443,902	)
Class IB		(8,982,691	)		(11,323,208	)

Total from net investment income		(90,091,767	)		(108,767,110	)

From net realized gain on investments
Class IA		(63,383,205	)		—
Class IB		(7,785,123	)		—

Total from net realized gain on investments		(71,168,328	)		—

Total distributions		(161,260,095	)		(108,767,110	)

Capital Share Transactions:
Sold		124,109,254			173,198,435
Issued on reinvestment of distributions		161,260,095			108,767,110
Redeemed		(605,905,708	)		(842,363,284	)

Net decrease from capital share transactions		(320,536,359	)		(560,397,739	)

Net Increase (Decrease) in Net Assets		(496,352,546	)		(465,893,426	)

Net Assets:
Beginning of period		3,239,638,823			3,705,532,249

End of period	$	2,743,286,277		$	3,239,638,823

Undistributed (distributions in excess of) net investment income	$	66,990,645		$	91,320,978

The accompanying notes are an integral part of these financial statements.


		208

Hartford HLS Funds

Statements of Changes in Net Assets – (continued)


Hartford Ultrashort Bond HLS Fund						Hartford U.S. Government Securities HLS Fund						Hartford Value HLS Fund
For the Year Ended December 31, 2015			For the Year Ended December 31, 2014			For the Year Ended December 31, 2015			For the Year Ended December 31, 2014			For the Year Ended December 31, 2015			For the Year Ended December 31, 2014

$	2,291,768		$	1,949,747		$	7,999,122		$	8,655,207		$	8,732,298		$	9,355,873
	6,610			209,094			6,709,375			2,774,638			66,859,209			67,490,131
	(1,395,680	)		(467,328	)		(6,286,185	)		6,685,288			(92,712,676	)		(9,274,603	)

	902,698			1,691,513			8,422,312			18,115,133			(17,121,169	)		67,571,401



	(2,080,640	)		—			(7,889,540	)		(11,648,041	)		(7,270,798	)		(7,727,803	)
	—			—			(1,434,327	)		(2,201,980	)		(1,103,600	)		(1,210,174	)

	(2,080,640	)		—			(9,323,867	)		(13,850,021	)		(8,374,398	)		(8,937,977	)


	(63,898	)		—			—			—			(15,308,517	)		—
	(10,342	)		—			—			—			(2,826,296	)		—

	(74,240	)		—			—			—			(18,134,813	)		—

	(2,154,880	)		—			(9,323,867	)		(13,850,021	)		(26,509,211	)		(8,937,977	)


	56,291,513			57,930,562			42,133,789			35,891,840			42,392,764			35,888,662
	2,154,880			—			9,323,867			13,850,021			26,509,211			8,937,977
	(215,901,855	)		(369,023,528	)		(119,610,042	)		(162,881,468	)		(111,574,821	)		(141,823,013	)

	(157,455,462	)		(311,092,966	)		(68,152,386	)		(113,139,607	)		(42,672,846	)		(96,996,374	)

	(158,707,644	)		(309,401,453	)		(69,053,941	)		(108,874,495	)		(86,303,226	)		(38,362,950	)


	866,765,234			1,176,166,687			571,201,752			680,076,247			622,068,325			660,431,275

$	708,057,590		$	866,765,234		$	502,147,811		$	571,201,752		$	535,765,099		$	622,068,325

$	2,672,136		$	2,080,601		$	9,029,448		$	9,323,809		$	781,816		$	855,425

The accompanying notes are an integral part of these financial statements.


		209

Hartford HLS Funds

Financial Highlights


	*— Selected Per-Share Data⁽¹⁾ —*																								*— Ratios and Supplemental Data —*
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Investments			Total from Investment Operations			Dividends from Net Investment Income			Distributions from Realized Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return⁽²⁾			Net Assets at End of Period (000s)		Ratio of Expenses to Average Net Assets Before Adjust- ments⁽³⁾			Ratio of Expenses to Average Net Assets After Adjust- ments⁽³⁾			Ratio of Net Investment Income (Loss) to Average Net Assets			Portfolio Turnover
Hartford Balanced HLS Fund
For the Year Ended December 31, 2015
IA	$	27.09	$	0.51	$	(0.46	)	$	0.05		$	(0.52	)	$	—		$	(0.52	)	$	26.62		0.18	%	$	2,210,938		0.65	%		0.63	%		1.87	%		18	%
IB		27.45		0.45		(0.47	)		(0.02	)		(0.44	)		—			(0.44	)		26.99		(0.07	)		300,945		0.90			0.88			1.62			18

For the Year Ended December 31, 2014
IA	$	25.11	$	0.45	$	2.01		$	2.46		$	(0.48	)	$	—		$	(0.48	)	$	27.09		9.79	%	$	2,561,814		0.65	%		0.65	%		1.73	%		29	%
IB		25.44		0.39		2.03			2.42			(0.41	)		—			(0.41	)		27.45		9.51			362,210		0.90			0.90			1.49			29

For the Year Ended December 31, 2013
IA	$	21.03	$	0.41	$	4.04		$	4.45		$	(0.37	)	$	—		$	(0.37	)	$	25.11		21.19	%	$	2,782,698		0.65	%		0.65	%		1.75	%		31	%
IB		21.30		0.35		4.10			4.45			(0.31	)		—			(0.31	)		25.44		20.88			399,681		0.90			0.90			1.50			31

For the Year Ended December 31, 2012⁽⁴⁾
IA	$	19.34	$	0.47	$	1.85		$	2.32		$	(0.63	)	$	—		$	(0.63	)	$	21.03		12.02	%	$	2,754,114		0.65	%		0.65	%		1.98	%		28	%
IB		19.58		0.43		1.86			2.29			(0.57	)		—			(0.57	)		21.30		11.74			406,156		0.90			0.90			1.73			28

For the Year Ended December 31, 2011⁽⁴⁾
IA	$	19.32	$	0.41	$	(0.06	)	$	0.35		$	(0.33	)	$	—		$	(0.33	)	$	19.34		1.86	%	$	2,959,019		0.64	%		0.64	%		1.84	%		34	%
IB		19.55		0.36		(0.05	)		0.31			(0.28	)		—			(0.28	)		19.58		1.61			455,939		0.89			0.89			1.59			34

Hartford Capital Appreciation HLS Fund
For the Year Ended December 31, 2015
IA	$	54.71	$	0.43	$	0.38		$	0.81		$	(0.43	)	$	(10.65	)	$	(11.08	)	$	44.44		1.02	%	$	5,701,269		0.67	%		0.67	%		0.84	%		75	%
IB		54.20		0.30		0.39			0.69			(0.31	)		(10.65	)		(10.96	)		43.93		0.79			641,548		0.92			0.92			0.59			75
IC		54.59		0.17		0.39			0.56			(0.29	)		(10.65	)		(10.94	)		44.21		0.53			16,215		1.17			1.17			0.34			75

For the Year Ended December 31, 2014
IA	$	59.65	$	0.56	$	3.81		$	4.37		$	(0.50	)	$	(8.81	)	$	(9.31	)	$	54.71		7.31	%	$	6,470,599		0.66	%		0.66	%		0.96	%		89	%
IB		59.18		0.42		3.77			4.19			(0.36	)		(8.81	)		(9.17	)		54.20		7.04			764,541		0.91			0.91			0.72			89
IC⁽⁵⁾		60.21		0.09		3.53			3.62			(0.43	)		(8.81	)		(9.24	)		54.59		5.97	⁽⁶⁾		3,453		1.16	⁽⁷⁾		1.16	⁽⁷⁾		0.23	⁽⁷⁾		89

For the Year Ended December 31, 2013
IA	$	43.37	$	0.45	$	16.49		$	16.94		$	(0.51	)	$	(0.15	)	$	(0.66	)	$	59.65		39.08	%	$	7,029,201		0.67	%		0.67	%		0.88	%		86	%
IB		43.05		0.32		16.33			16.65			(0.37	)		(0.15	)		(0.52	)		59.18		38.72			969,611		0.92			0.92			0.63			86

For the Year Ended December 31, 2012
IA	$	37.20	$	0.57	$	6.24		$	6.81		$	(0.64	)	$	—		$	(0.64	)	$	43.37		18.34	%	$	7,750,924		0.67	%		0.67	%		1.24	%		142	%
IB		36.90		0.52		6.14			6.66			(0.51	)		—			(0.51	)		43.05		18.04			874,386		0.92			0.92			0.99			142

For the Year Ended December 31, 2011
IA	$	42.36	$	0.37	$	(5.20	)	$	(4.83	)	$	(0.33	)	$	—		$	(0.33	)	$	37.20		(11.41	)%	$	8,169,178		0.67	%		0.67	%		0.95	%		113	%
IB		42.00		0.32		(5.20	)		(4.88	)		(0.22	)		—			(0.22	)		36.90		(11.62	)		1,102,054		0.92			0.92			0.71			113

The accompanying notes are an integral part of these financial statements.


		210

Hartford HLS Funds

Financial Highlights – (continued)


	*— Selected Per-Share Data⁽¹⁾ —*																								*— Ratios and Supplemental Data —*
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Investments			Total from Investment Operations			Dividends from Net Investment Income			Distributions from Realized Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return⁽²⁾			Net Assets at End of Period (000s)		Ratio of Expenses to Average Net Assets Before Adjust- ments⁽³⁾			Ratio of Expenses to Average Net Assets After Adjust- ments⁽³⁾			Ratio of Net Investment Income (Loss) to Average Net Assets			Portfolio Turnover
Hartford Disciplined Equity HLS Fund
For the Year Ended December 31, 2015
IA	$	20.99	$	0.14	$	1.41		$	1.55		$	(0.13	)	$	(6.83	)	$	(6.96	)	$	15.58		6.83	%	$	648,747		0.76	%		0.76	%		0.76	%		29	%
IB		20.88		0.10		1.40			1.50			(0.09	)		(6.83	)		(6.92	)		15.46		6.59			91,844		1.01			1.01			0.51			29

For the Year Ended December 31, 2014
IA	$	18.36	$	0.14	$	2.83		$	2.97		$	(0.14	)	$	(0.20	)	$	(0.34	)	$	20.99		16.18	%	$	734,110		0.75	%		0.75	%		0.73	%		63	%
IB		18.27		0.09		2.81			2.90			(0.09	)		(0.20	)		(0.29	)		20.88		15.87			107,577		1.00			1.00			0.47			63

For the Year Ended December 31, 2013
IA	$	13.64	$	0.17	$	4.72		$	4.89		$	(0.17	)	$	—		$	(0.17	)	$	18.36		35.82	%	$	811,099		0.76	%		0.76	%		1.07	%		23	%
IB		13.58		0.13		4.68			4.81			(0.12	)		—			(0.12	)		18.27		35.47			118,598		1.01			1.01			0.82			23

For the Year Ended December 31, 2012⁽⁴⁾
IA	$	11.78	$	0.22	$	1.86		$	2.08		$	(0.22	)	$	—		$	(0.22	)	$	13.64		17.62	%	$	798,148		0.75	%		0.75	%		1.45	%		34	%
IB		11.73		0.18		1.85			2.03			(0.18	)		—			(0.18	)		13.58		17.33			116,113		1.00			1.00			1.20			34

For the Year Ended December 31, 2011⁽⁴⁾
IA	$	11.79	$	0.14	$	(0.01	)	$	0.13		$	(0.14	)	$	—		$	(0.14	)	$	11.78		1.15	%	$	852,312		0.74	%		0.74	%		1.06	%		44	%
IB		11.73		0.11		—			0.11			(0.11	)		—			(0.11	)		11.73		0.90			129,416		0.99			0.99			0.81			44

Hartford Dividend and Growth HLS Fund
For the Year Ended December 31, 2015
IA	$	26.45	$	0.46	$	(0.70	)	$	(0.24	)	$	(0.43	)	$	(3.69	)	$	(4.12	)	$	22.09		(1.16	)%	$	2,991,811		0.67	%		0.67	%		1.84	%		20	%
IB		26.38		0.40		(0.70	)		(0.30	)		(0.37	)		(3.69	)		(4.06	)		22.02		(1.41	)		449,693		0.92			0.92			1.59			20

For the Year Ended December 31, 2014
IA	$	27.05	$	0.49	$	2.92		$	3.41		$	(0.49	)	$	(3.52	)	$	(4.01	)	$	26.45		12.96	%	$	3,502,492		0.67	%		0.67	%		1.78	%		19	%
IB		26.99		0.42		2.91			3.33			(0.42	)		(3.52	)		(3.94	)		26.38		12.68			546,006		0.92			0.92			1.53			19

For the Year Ended December 31, 2013
IA	$	21.46	$	0.46	$	6.33		$	6.79		$	(0.51	)	$	(0.69	)	$	(1.20	)	$	27.05		31.92	%	$	3,760,183		0.67	%		0.67	%		1.88	%		25	%
IB		21.42		0.40		6.31			6.71			(0.45	)		(0.69	)		(1.14	)		26.99		31.58			621,751		0.92			0.92			1.62			25

For the Year Ended December 31, 2012⁽⁴⁾
IA	$	19.34	$	0.49	$	2.13		$	2.62		$	(0.50	)	$	—		$	(0.50	)	$	21.46		13.59	%	$	3,658,076		0.67	%		0.67	%		2.13	%		20	%
IB		19.30		0.45		2.11			2.56			(0.44	)		—			(0.44	)		21.42		13.31			589,194		0.92			0.92			1.88			20

For the Year Ended December 31, 2011⁽⁴⁾
IA	$	19.50	$	0.42	$	(0.16	)	$	0.26		$	(0.42	)	$	—		$	(0.42	)	$	19.34		1.32	%	$	3,851,657		0.67	%		0.67	%		1.98	%		24	%
IB		19.46		0.36		(0.16	)		0.20			(0.36	)		—			(0.36	)		19.30		1.06			658,419		0.92			0.92			1.73			24

The accompanying notes are an integral part of these financial statements.


		211

Hartford HLS Funds

Financial Highlights – (continued)


	*— Selected Per-Share Data⁽¹⁾ —*																									*— Ratios and Supplemental Data —*
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Investments			Total from Investment Operations			Dividends from Net Investment Income			Distributions from Realized Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return⁽²⁾			Net Assets at End of Period (000s)		Ratio of Expenses to Average Net Assets Before Adjust- ments⁽³⁾			Ratio of Expenses to Average Net Assets After Adjust- ments⁽³⁾			Ratio of Net Investment Income (Loss) to Average Net Assets			Portfolio Turnover
Hartford Global Growth HLS Fund
For the Year Ended December 31, 2015
IA	$	23.74	$	0.15		$	1.77		$	1.92		$	(0.13	)	$	(1.14	)	$	(1.27	)	$	24.39		8.04	%	$	392,302		0.81	%		0.81	%		0.62	%		67	%
IB		23.56		0.09			1.75			1.84			(0.07	)		(1.14	)		(1.21	)		24.19		7.76			86,759		1.06			1.06			0.38			67

For the Year Ended December 31, 2014
IA	$	22.33	$	0.13		$	1.39		$	1.52		$	(0.11	)	$	—		$	(0.11	)	$	23.74		6.79	%	$	388,542		0.81	%		0.81	%		0.57	%		82	%⁽⁸⁾
IB		22.16		0.07			1.39			1.46			(0.06	)		—			(0.06	)		23.56		6.58			92,979		1.06			1.06			0.30			82	⁽⁸⁾

For the Year Ended December 31, 2013
IA	$	16.50	$	0.11		$	5.86		$	5.97		$	(0.14	)	$	—		$	(0.14	)	$	22.33		36.30	%	$	360,086		0.82	%		0.82	%		0.56	%		71	%
IB		16.38		0.06			5.81			5.87			(0.09	)		—			(0.09	)		22.16		35.90			79,823		1.07			1.07			0.32			71

For the Year Ended December 31, 2012⁽⁴⁾
IA	$	13.45	$	0.14		$	3.00		$	3.14		$	(0.09	)	$	—		$	(0.09	)	$	16.50		23.41	%	$	321,371		0.82	%		0.82	%		0.73	%		108	%
IB		13.34		0.09			2.99			3.08			(0.04	)		—			(0.04	)		16.38		23.10			77,224		1.07			1.07			0.47			108

For the Year Ended December 31, 2011⁽⁴⁾
IA	$	15.62	$	0.08		$	(2.24	)	$	(2.16	)	$	(0.01	)	$	—		$	(0.01	)	$	13.45		(13.89	)%	$	352,947		0.80	%		0.80	%		0.46	%		57	%
IB		15.53		0.04			(2.23	)		(2.19	)		—			—			—			13.34		(14.10	)		82,204		1.05			1.05			0.22			57

Hartford Growth Opportunities HLS Fund
For the Year Ended December 31, 2015
IA	$	38.88	$	0.02		$	4.66		$	4.68		$	(0.05	)	$	(8.65	)	$	(8.70	)	$	34.86		11.74	%	$	1,197,187		0.65	%		0.65	%		0.05	%		109	%
IB		37.93		(0.08	)		4.56			4.48			—			(8.65	)		(8.65	)		33.76		11.47			158,304		0.90			0.90			(0.20	)		109
IC		38.75		(0.18	)		4.65			4.47			—			(8.65	)		(8.65	)		34.57		11.18			20,495		1.16			1.16			(0.48	)		109

For the Year Ended December 31, 2014
IA	$	40.58	$	0.06		$	5.31		$	5.37		$	(0.07	)	$	(7.00	)	$	(7.07	)	$	38.88		14.14	%	$	1,203,366		0.64	%		0.64	%		0.16	%		145	%⁽⁹⁾
IB		39.79		(0.04	)		5.18			5.14			—			(7.00	)		(7.00	)		37.93		13.82			160,040		0.89			0.89			(0.11	)		145	⁽⁹⁾
IC⁽⁵⁾		40.23		(0.10	)		5.69			5.59			(0.07	)		(7.00	)		(7.07	)		38.75		14.79	⁽⁶⁾		1,717		1.14	⁽⁷⁾		1.14	⁽⁷⁾		(0.37	)⁽⁷⁾		145	⁽⁹⁾

For the Year Ended December 31, 2013
IA	$	29.90	$	0.07		$	10.61		$	10.68		$	—		$	—		$	—		$	40.58		35.74	%	$	1,097,380		0.65	%		0.65	%		0.21	%		119	%
IB		29.38		(0.01	)		10.42			10.41			—			—			—			39.79		35.42			111,230		0.90			0.90			(0.04	)		119

For the Year Ended December 31, 2012
IA	$	23.57	$	0.03		$	6.30		$	6.33		$	—		$	—		$	—		$	29.90		26.86	%	$	951,372		0.65	%		0.65	%		0.11	%		105	%
IB		23.22		(0.05	)		6.21			6.16			—			—			—			29.38		26.54			108,506		0.90			0.90			(0.15	)		105

For the Year Ended December 31, 2011
IA	$	25.86	$	0.01		$	(2.30	)	$	(2.29	)	$	—		$	—		$	—		$	23.57		(8.87	)%	$	881,352		0.66	%		0.66	%		0.03	%		113	%
IB		25.54		(0.06	)		(2.26	)		(2.32	)		—			—			—			23.22		(9.10	)		108,905		0.91			0.91			(0.22	)		113

The accompanying notes are an integral part of these financial statements.


		212

Hartford HLS Funds

Financial Highlights – (continued)


	*— Selected Per-Share Data⁽¹⁾ —*																									*— Ratios and Supplemental Data —*
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Investments			Total from Investment Operations			Dividends from Net Investment Income			Distributions from Realized Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return⁽²⁾			Net Assets at End of Period (000s)		Ratio of Expenses to Average Net Assets Before Adjust- ments⁽³⁾			Ratio of Expenses to Average Net Assets After Adjust- ments⁽³⁾			Ratio of Net Investment Income (Loss) to Average Net Assets			Portfolio Turnover
Hartford Healthcare HLS Fund
For the Year Ended December 31, 2015
IA	$	30.02	$	—		$	4.08		$	4.08		$	—		$	(3.78	)	$	(3.78	)	$	30.32		13.21	%	$	360,783		0.86	%		0.86	%		(0.01	)%		38	%
IB		29.23		(0.08	)		3.99			3.91			—			(3.78	)		(3.78	)		29.36		12.98			62,644		1.11			1.11			(0.26	)		38

For the Year Ended December 31, 2014
IA	$	25.67	$	0.01		$	6.75		$	6.76		$	(0.07	)	$	(2.34	)	$	(2.41	)	$	30.02		27.39	%	$	301,580		0.88	%		0.88	%		0.03	%		33	%
IB		25.07		(0.06	)		6.57			6.51			(0.01	)		(2.34	)		(2.35	)		29.23		27.00			60,413		1.13			1.13			(0.22	)		33

For the Year Ended December 31, 2013
IA	$	18.11	$	0.04		$	9.12		$	9.16		$	(0.12	)	$	(1.48	)	$	(1.60	)	$	25.67		51.84	%	$	243,719		0.89	%		0.89	%		0.19	%		33	%
IB		17.71		(0.01	)		8.92			8.91			(0.07	)		(1.48	)		(1.55	)		25.07		51.50			57,187		1.14			1.14			(0.06	)		33

For the Year Ended December 31, 2012⁽⁴⁾
IA	$	15.07	$	0.13		$	2.98		$	3.11		$	(0.07	)	$	—		$	(0.07	)	$	18.11		20.62	%	$	149,801		0.91	%		0.91	%		0.69	%		46	%
IB		14.74		0.09			2.90			2.99			(0.02	)		—			(0.02	)		17.71		20.32			45,306		1.16			1.16			0.43			46

For the Year Ended December 31, 2011⁽⁴⁾
IA	$	13.89	$	0.06		$	1.13		$	1.19		$	(0.01	)	$	—		$	(0.01	)	$	15.07		8.54	%	$	137,088		0.91	%		0.91	%		0.33	%		45	%
IB		13.61		0.02			1.11			1.13			—			—			—			14.74		8.27			48,933		1.16			1.16			0.08			45

Hartford High Yield HLS Fund
For the Year Ended December 31, 2015
IA	$	8.45	$	0.45		$	(0.79	)	$	(0.34	)	$	(0.56	)	$	—		$	(0.56	)	$	7.55		(4.30	)%	$	251,313		0.76	%		0.76	%		5.40	%		34	%
IB		8.32		0.42			(0.77	)		(0.35	)		(0.54	)		—			(0.54	)		7.43		(4.56	)		77,013		1.01			1.01			5.15			34

For the Year Ended December 31, 2014
IA	$	8.90	$	0.47		$	(0.22	)	$	0.25		$	(0.70	)	$	—		$	(0.70	)	$	8.45		2.58	%	$	321,650		0.75	%		0.75	%		5.28	%		39	%
IB		8.77		0.44			(0.22	)		0.22			(0.67	)		—			(0.67	)		8.32		2.31			105,579		1.00			1.00			5.02			39

For the Year Ended December 31, 2013
IA	$	9.09	$	0.54		$	0.01		$	0.55		$	(0.74	)	$	—		$	(0.74	)	$	8.90		6.43	%	$	389,340		0.75	%		0.75	%		5.90	%		46	%
IB		8.96		0.50			0.03			0.53			(0.72	)		—			(0.72	)		8.77		6.17			125,701		1.00			1.00			5.64			46

For the Year Ended December 31, 2012
IA	$	8.70	$	0.58		$	0.63		$	1.21		$	(0.82	)	$	—		$	(0.82	)	$	9.09		14.31	%	$	504,042		0.75	%		0.75	%		6.37	%		94	%
IB		8.59		0.55			0.62			1.17			(0.80	)		—			(0.80	)		8.96		14.03			149,050		1.00			1.00			6.12			94

For the Year Ended December 31, 2011
IA	$	9.15	$	0.71		$	(0.31	)	$	0.40		$	(0.85	)	$	—		$	(0.85	)	$	8.70		4.69	%	$	548,608		0.74	%		0.74	%		7.68	%		88	%
IB		9.04		0.67			(0.30	)		0.37			(0.82	)		—			(0.82	)		8.59		4.44			160,060		0.99			0.99			7.43			88

The accompanying notes are an integral part of these financial statements.


		213

Hartford HLS Funds

Financial Highlights – (continued)


	*— Selected Per-Share Data⁽¹⁾ —*																									*— Ratios and Supplemental Data —*
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Investments			Total from Investment Operations			Dividends from Net Investment Income			Distributions from Realized Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return⁽²⁾			Net Assets at End of Period (000s)		Ratio of Expenses to Average Net Assets Before Adjust- ments⁽³⁾			Ratio of Expenses to Average Net Assets After Adjust- ments⁽³⁾			Ratio of Net Investment Income (Loss) to Average Net Assets			Portfolio Turnover
Hartford International Opportunities HLS Fund
For the Year Ended December 31, 2015
IA	$	14.13	$	0.22		$	0.06		$	0.28		$	(0.22	)	$	—		$	(0.22	)	$	14.19		1.88	%	$	1,146,250		0.74	%		0.74	%		1.47	%		68	%
IB		14.29		0.18			0.06			0.24			(0.17	)		—			(0.17	)		14.36		1.65			171,538		0.99			0.99			1.21			68

For the Year Ended December 31, 2014
IA	$	15.03	$	0.19		$	(0.75	)	$	(0.56	)	$	(0.34	)	$	—		$	(0.34	)	$	14.13		(3.87	)%	$	1,239,946		0.73	%		0.73	%		1.30	%		90	%
IB		15.20		0.15			(0.76	)		(0.61	)		(0.30	)		—			(0.30	)		14.29		(4.14	)		189,053		0.98			0.98			1.02			90

For the Year Ended December 31, 2013
IA	$	12.63	$	0.24		$	2.45		$	2.69		$	(0.29	)	$	—		$	(0.29	)	$	15.03		21.55	%	$	1,454,018		0.74	%		0.74	%		1.76	%		100	%
IB		12.76		0.21			2.49			2.70			(0.26	)		—			(0.26	)		15.20		21.28			215,447		0.99			0.99			1.55			100

For the Year Ended December 31, 2012⁽⁴⁾
IA	$	10.72	$	0.26		$	1.88		$	2.14		$	(0.23	)	$	—		$	(0.23	)	$	12.63		20.20	%	$	1,303,209		0.74	%		0.74	%		1.88	%		95	%
IB		10.82		0.25			1.88			2.13			(0.19	)		—			(0.19	)		12.76		19.89			220,699		0.99			0.99			1.64			95

For the Year Ended December 31, 2011⁽⁴⁾
IA	$	12.46	$	0.21		$	(1.94	)	$	(1.73	)	$	(0.01	)	$	—		$	(0.01	)	$	10.72		(13.97	)%	$	1,287,917		0.73	%		0.73	%		1.66	%		111	%
IB		12.61		0.19			(1.97	)		(1.78	)		(0.01	)		—			(0.01	)		10.82		(14.19	)		232,707		0.98			0.98			1.41			111

Hartford MidCap HLS Fund
For the Year Ended December 31, 2015
IA	$	37.28	$	0.03		$	0.83		$	0.86		$	(0.03	)	$	(4.45	)	$	(4.48	)	$	33.66		1.60	%	$	1,647,715		0.70	%		0.70	%		0.08	%		38	%
IB		36.83		(0.06	)		0.82			0.76			(0.03	)		(4.45	)		(4.48	)		33.11		1.34			104,395		0.95			0.95			(0.16	)		38

For the Year Ended December 31, 2014
IA	$	37.87	$	0.04		$	4.22		$	4.26		$	(0.04	)	$	(4.81	)	$	(4.85	)	$	37.28		11.37	%	$	1,669,393		0.70	%		0.70	%		0.10	%		42	%
IB		37.52		(0.06	)		4.18			4.12			—			(4.81	)		(4.81	)		36.83		11.09			83,562		0.95			0.95			(0.15	)		42

For the Year Ended December 31, 2013
IA	$	28.16	$	0.07		$	11.02		$	11.09		$	(0.04	)	$	(1.34	)	$	(1.38	)	$	37.87		39.82	%	$	1,483,626		0.71	%		0.71	%		0.21	%		34	%
IB		27.95		(0.02	)		10.94			10.92			(0.01	)		(1.34	)		(1.35	)		37.52		39.46			82,483		0.96			0.96			(0.05	)		34

For the Year Ended December 31, 2012⁽⁴⁾
IA	$	23.77	$	0.24		$	4.38		$	4.62		$	(0.23	)	$	—		$	(0.23	)	$	28.16		19.44	%	$	1,325,221		0.71	%		0.71	%		0.84	%		51	%
IB		23.59		0.17			4.35			4.52			(0.16	)		—			(0.16	)		27.95		19.14			70,997		0.96			0.96			0.59			51

For the Year Ended December 31, 2011⁽⁴⁾
IA	$	26.01	$	0.15		$	(2.20	)	$	(2.05	)	$	(0.19	)	$	—		$	(0.19	)	$	23.77		(7.92	)%	$	1,212,257		0.71	%		0.71	%		0.48	%		69	%
IB		25.74		0.07			(2.17	)		(2.10	)		(0.05	)		—			(0.05	)		23.59		(8.16	)		70,188		0.96			0.96			0.18			69

The accompanying notes are an integral part of these financial statements.


		214

Hartford HLS Funds

Financial Highlights – (continued)


	*— Selected Per-Share Data⁽¹⁾ —*																									*— Ratios and Supplemental Data —*
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Investments			Total from Investment Operations			Dividends from Net Investment Income			Distributions from Realized Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return⁽²⁾			Net Assets at End of Period (000s)		Ratio of Expenses to Average Net Assets Before Adjust- ments⁽³⁾			Ratio of Expenses to Average Net Assets After Adjust- ments⁽³⁾			Ratio of Net Investment Income (Loss) to Average Net Assets			Portfolio Turnover
Hartford MidCap Value HLS Fund
For the Year Ended December 31, 2015
IA	$	14.60	$	0.07		$	(0.15	)	$	(0.08	)	$	(0.09	)	$	(2.10	)	$	(2.19	)	$	12.33		(1.21	)%	$	291,174		0.84	%		0.84	%		0.49	%		29	%
IB		14.50		0.03			(0.15	)		(0.12	)		(0.04	)		(2.10	)		(2.14	)		12.24		(1.45	)		91,720		1.09			1.09			0.24			29

For the Year Ended December 31, 2014
IA	$	15.51	$	0.09		$	1.19		$	1.28		$	(0.11	)	$	(2.08	)	$	(2.19	)	$	14.60		8.22	%	$	345,084		0.84	%		0.84	%		0.60	%		31	%
IB		15.42		0.05			1.18			1.23			(0.07	)		(2.08	)		(2.15	)		14.50		7.91			110,819		1.09			1.09			0.35			31

For the Year Ended December 31, 2013
IA	$	11.65	$	0.08		$	3.95		$	4.03		$	(0.17	)	$	—		$	(0.17	)	$	15.51		34.71	%	$	377,272		0.84	%		0.84	%		0.56	%		49	%
IB		11.59		0.04			3.93			3.97			(0.14	)		—			(0.14	)		15.42		34.37			123,884		1.09			1.09			0.31			49

For the Year Ended December 31, 2012⁽⁴⁾
IA	$	9.44	$	0.14		$	2.20		$	2.34		$	(0.13	)	$	—		$	(0.13	)	$	11.65		24.95	%	$	323,934		0.85	%		0.85	%		1.03	%		45	%
IB		9.38		0.10			2.21			2.31			(0.10	)		—			(0.10	)		11.59		24.64			112,996		1.10			1.10			0.79			45

For the Year Ended December 31, 2011⁽⁴⁾
IA	$	10.32	$	0.07		$	(0.95	)	$	(0.88	)	$	—		$	—		$	—		$	9.44		(8.56	)%	$	341,583		0.83	%		0.83	%		0.57	%		43	%
IB		10.29		0.04			(0.95	)		(0.91	)		—			—			—			9.38		(8.79	)		116,563		1.08			1.08			0.32			43

Hartford Small Company HLS Fund
For the Year Ended December 31, 2015
IA	$	23.33	$	(0.02	)	$	(1.43	)	$	(1.45	)	$	—		$	(4.36	)	$	(4.36	)	$	17.52		(8.21	)%	$	1,117,778		0.71	%		0.71	%		(0.11	)%		88	%
IB		22.24		(0.07	)		(1.34	)		(1.41	)		—			(4.36	)		(4.36	)		16.47		(8.45	)		98,501		0.96			0.96			(0.36	)		88

For the Year Ended December 31, 2014
IA	$	26.43	$	(0.09	)	$	1.78		$	1.69		$	—		$	(4.79	)	$	(4.79	)	$	23.33		7.07	%	$	1,279,533		0.71	%		0.71	%		(0.35	)%		90	%
IB		25.46		(0.15	)		1.72			1.57			—			(4.79	)		(4.79	)		22.24		6.85			123,799		0.96			0.96			(0.60	)		90

For the Year Ended December 31, 2013
IA	$	19.74	$	(0.07	)	$	8.60		$	8.53		$	(0.02	)	$	(1.82	)	$	(1.84	)	$	26.43		44.38	%	$	1,354,821		0.71	%		0.71	%		(0.29	)%		96	%
IB		19.06		(0.12	)		8.34			8.22			—			(1.82	)		(1.82	)		25.46		44.28			141,791		0.96			0.96			(0.54	)		96

For the Year Ended December 31, 2012⁽⁴⁾
IA	$	17.07	$	0.03		$	2.64		$	2.67		$	—		$	—		$	—		$	19.74		15.64	%	$	1,126,350		0.72	%		0.72	%		0.16	%		110	%
IB		16.56		(0.03	)		2.53			2.50			—			—			—			19.06		15.10			117,133		0.97			0.97			(0.13	)		110

For the Year Ended December 31, 2011⁽⁴⁾
IA	$	17.66	$	(0.02	)	$	(0.57	)	$	(0.59	)	$	—		$	—		$	—		$	17.07		(3.36	)%	$	1,090,883		0.71	%		0.71	%		(0.13	)%		99	%
IB		17.18		(0.09	)		(0.53	)		(0.62	)		—			—			—			16.56		(3.62	)		155,970		0.96			0.96			(0.38	)		99

The accompanying notes are an integral part of these financial statements.


		215

Hartford HLS Funds

Financial Highlights – (continued)


	*— Selected Per-Share Data⁽¹⁾ —*																									*— Ratios and Supplemental Data —*
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Investments			Total from Investment Operations			Dividends from Net Investment Income			Distributions from Realized Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return⁽²⁾			Net Assets at End of Period (000s)		Ratio of Expenses to Average Net Assets Before Adjust- ments⁽³⁾			Ratio of Expenses to Average Net Assets After Adjust- ments⁽³⁾			Ratio of Net Investment Income (Loss) to Average Net Assets			Portfolio Turnover
Hartford Small/Mid Cap Equity HLS Fund
For the Year Ended December 31, 2015
IA	$	9.47	$	0.12		$	(0.46	)	$	(0.34	)	$	(0.12	)	$	(1.56	)	$	(1.68	)	$	7.45		(4.73	)%	$	79,379		0.88	%		0.88	%		1.39	%		80	%
IB		9.41		0.10			(0.46	)		(0.36	)		(0.09	)		(1.56	)		(1.65	)		7.40		(4.97	)		16,501		1.13			1.13			1.12			80

For the Year Ended December 31, 2014
IA	$	11.29	$	0.13		$	0.43		$	0.56		$	(0.18	)	$	(2.20	)	$	(2.38	)	$	9.47		5.22	%	$	98,069		0.85	%		0.85	%		1.20	%		108	%
IB		11.22		0.10			0.44			0.54			(0.15	)		(2.20	)		(2.35	)		9.41		5.00			23,239		1.10			1.10			0.96			108

For the Year Ended December 31, 2013
IA	$	8.90	$	0.16		$	3.08		$	3.24		$	(0.14	)	$	(0.71	)	$	(0.85	)	$	11.29		37.51	%	$	117,395		0.85	%		0.85	%		1.58	%		128	%
IB		8.85		0.13			3.07			3.20			(0.12	)		(0.71	)		(0.83	)		11.22		37.08			26,362		1.10			1.10			1.32			128

For the Year Ended December 31, 2012⁽⁴⁾
IA	$	8.93	$	0.15		$	1.21		$	1.36		$	(0.06	)	$	(1.33	)	$	(1.39	)	$	8.90		15.87	%	$	106,339		0.88	%		0.88	%		1.57	%		150	%
IB		8.88		0.13			1.20			1.33			(0.03	)		(1.33	)		(1.36	)		8.85		15.58			24,774		1.13			1.13			1.26			150

For the Year Ended December 31, 2011⁽⁴⁾
IA	$	9.85	$	0.06		$	(0.23	)	$	(0.17	)	$	—		$	(0.75	)	$	(0.75	)	$	8.93		(1.13	)%	$	107,762		0.87	%		0.87	%		0.60	%		196	%
IB		9.83		0.04			(0.24	)		(0.20	)		—			(0.75	)		(0.75	)		8.88		(1.38	)		28,441		1.12			1.12			0.34			196

Hartford SmallCap Growth HLS Fund
For the Year Ended December 31, 2015
IA	$	27.95	$	0.07		$	(0.02	)	$	0.05		$	(0.02	)	$	(3.05	)	$	(3.07	)	$	24.93		(0.55	)%	$	913,414		0.65	%		0.65	%		0.25	%		59	%
IB		27.44		(0.01	)		—			(0.01	)		—			(3.05	)		(3.05	)		24.38		(0.79	)		209,948		0.90			0.90			(0.03	)		59

For the Year Ended December 31, 2014
IA	$	32.60	$	0.06		$	1.48		$	1.54		$	(0.02	)	$	(6.17	)	$	(6.19	)	$	27.95		5.83	%	$	557,200		0.65	%		0.65	%		0.19	%		117	%
IB		32.17		(0.02	)		1.46			1.44			—			(6.17	)		(6.17	)		27.44		5.57			115,230		0.90			0.90			(0.06	)		117

For the Year Ended December 31, 2013
IA	$	25.44	$	0.05		$	10.92		$	10.97		$	(0.12	)	$	(3.69	)	$	(3.81	)	$	32.60		44.87	%	$	466,173		0.67	%		0.67	%		0.16	%		81	%
IB		25.14		(0.02	)		10.77			10.75			(0.03	)		(3.69	)		(3.72	)		32.17		44.50			123,966		0.92			0.92			(0.08	)		81

For the Year Ended December 31, 2012⁽⁴⁾
IA	$	21.67	$	0.11		$	3.66		$	3.77		$	—		$	—		$	—		$	25.44		17.40	%	$	378,318		0.67	%		0.67	%		0.41	%		85	%
IB		21.47		0.04			3.63			3.67			—			—			—			25.14		17.10			134,404		0.92			0.92			0.16			85

For the Year Ended December 31, 2011⁽⁴⁾
IA	$	21.37	$	(0.02	)	$	0.32		$	0.30		$	—		$	—		$	—		$	21.67		1.42	%	$	397,662		0.67	%		0.67	%		(0.07	)%		62	%
IB		21.22		(0.07	)		0.32			0.25			—			—			—			21.47		1.17			144,022		0.92			0.92			(0.32	)		62

The accompanying notes are an integral part of these financial statements.


		216

Hartford HLS Funds

Financial Highlights – (continued)


	*— Selected Per-Share Data⁽¹⁾ —*																								*— Ratios and Supplemental Data —*
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Investments			Total from Investment Operations			Dividends from Net Investment Income			Distributions from Realized Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return⁽²⁾			Net Assets at End of Period (000s)		Ratio of Expenses to Average Net Assets Before Adjust- ments⁽³⁾			Ratio of Expenses to Average Net Assets After Adjust- ments⁽³⁾			Ratio of Net Investment Income (Loss) to Average Net Assets			Portfolio Turnover
Hartford Stock HLS Fund
For the Year Ended December 31, 2015
IA	$	63.49	$	1.19	$	0.56		$	1.75		$	(1.18	)	$	—		$	(1.18	)	$	64.06		2.74	%	$	1,388,110		0.51	%		0.51	%		1.86	%		23	%
IB		63.46		1.03		0.54			1.57			(1.00	)		—			(1.00	)		64.03		2.48			155,722		0.76			0.76			1.61			23

For the Year Ended December 31, 2014
IA	$	58.07	$	1.07	$	5.51		$	6.58		$	(1.16	)	$	—		$	(1.16	)	$	63.49		11.31	%	$	1,552,777		0.50	%		0.50	%		1.79	%		20	%
IB		58.04		0.92		5.50			6.42			(1.00	)		—			(1.00	)		63.46		11.04			182,112		0.75			0.75			1.54			20

For the Year Ended December 31, 2013
IA	$	44.73	$	0.99	$	13.41		$	14.40		$	(1.06	)	$	—		$	(1.06	)	$	58.07		32.25	%	$	1,667,278		0.51	%		0.51	%		1.89	%		27	%
IB		44.71		0.85		13.40			14.25			(0.92	)		—			(0.92	)		58.04		31.92			204,437		0.76			0.76			1.64			27

For the Year Ended December 31, 2012⁽⁴⁾
IA	$	39.95	$	0.91	$	4.83		$	5.74		$	(0.96	)	$	—		$	(0.96	)	$	44.73		14.38	%	$	1,532,116		0.51	%		0.51	%		1.86	%		82	%
IB		39.92		0.82		4.81			5.63			(0.84	)		—			(0.84	)		44.71		14.10			200,153		0.76			0.76			1.61			82

For the Year Ended December 31, 2011⁽⁴⁾
IA	$	40.98	$	0.62	$	(1.07	)	$	(0.45	)	$	(0.58	)	$	—		$	(0.58	)	$	39.95		(1.09	)%	$	1,614,788		0.50	%		0.50	%		1.37	%		43	%
IB		40.94		0.51		(1.06	)		(0.55	)		(0.47	)		—			(0.47	)		39.92		(1.34	)		231,377		0.75			0.75			1.11			43

Hartford Total Return Bond HLS Fund
For the Year Ended December 31, 2015
IA	$	11.63	$	0.33	$	(0.39	)	$	(0.06	)	$	(0.36	)	$	(0.28	)	$	(0.64	)	$	10.93		(0.59	)%	$	2,448,280		0.51	%		0.51	%		2.88	%		66	%
IB		11.56		0.30		(0.39	)		(0.09	)		(0.32	)		(0.28	)		(0.60	)		10.87		(0.81	)		295,006		0.76			0.76			2.63			66

For the Year Ended December 31, 2014
IA	$	11.35	$	0.33	$	0.34		$	0.67		$	(0.39	)	$	—		$	(0.39	)	$	11.63		5.89	%	$	2,879,633		0.50	%		0.50	%		2.85	%		84	%
IB		11.27		0.30		0.34			0.64			(0.35	)		—			(0.35	)		11.56		5.68			360,006		0.75			0.75			2.60			84

For the Year Ended December 31, 2013
IA	$	11.99	$	0.32	$	(0.49	)	$	(0.17	)	$	(0.47	)	$	—		$	(0.47	)	$	11.35		(1.36	)%	$	3,290,622		0.50	%		0.50	%		2.76	%		81	%
IB		11.91		0.29		(0.50	)		(0.21	)		(0.43	)		—			(0.43	)		11.27		(1.66	)		414,910		0.75			0.75			2.51			81

For the Year Ended December 31, 2012⁽⁴⁾
IA	$	11.63	$	0.41	$	0.45		$	0.86		$	(0.50	)	$	—		$	(0.50	)	$	11.99		7.54	%	$	3,572,511		0.50	%		0.50	%		3.01	%		88	%
IB		11.55		0.40		0.43			0.83			(0.47	)		—			(0.47	)		11.91		7.27			566,274		0.75			0.75			2.76			88

For the Year Ended December 31, 2011⁽⁴⁾
IA	$	10.90	$	0.44	$	0.31		$	0.75		$	(0.02	)	$	—		$	(0.02	)	$	11.63		6.99	%	$	3,718,609		0.49	%		0.49	%		3.60	%		107	%
IB		10.84		0.42		0.31			0.73			(0.02	)		—			(0.02	)		11.55		6.72			632,685		0.74			0.74			3.35			107

The accompanying notes are an integral part of these financial statements.


		217

Hartford HLS Funds

Financial Highlights – (continued)


	*— Selected Per-Share Data⁽¹⁾ —*																								*— Ratios and Supplemental Data —*
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Investments			Total from Investment Operations			Dividends from Net Investment Income			Distributions from Realized Gains		Total Dividends and Distributions			Net Asset Value at End of Period		Total Return⁽²⁾			Net Assets at End of Period (000s)		Ratio of Expenses to Average Net Assets Before Adjust- ments⁽³⁾			Ratio of Expenses to Average Net Assets After Adjust- ments⁽³⁾			Ratio of Net Investment Income (Loss) to Average Net Assets			Portfolio Turnover
Hartford Ultrashort Bond HLS Fund
For the Year Ended December 31, 2015
IA	$	10.01	$	0.03		$	(0.02	)	$	0.01		$	(0.03	)	$	—	$	(0.03	)	$	9.99		0.13	%	$	611,087		0.43	%		0.43	%		0.33	%		35	%
IB		9.98		0.01			(0.02	)		(0.01	)		—			—		—			9.97		(0.09	)		96,970		0.68			0.68			0.08			35

For the Year Ended December 31, 2014
IA	$	10.00	$	0.02		$	(0.01	)	$	0.01		$	—		$	—	$	—		$	10.01		0.10	%	$	745,597		0.43	%		0.43	%		0.23	%		40	%
IB		9.99		—			(0.01	)		(0.01	)		—			—		—			9.98		(0.10	)		121,168		0.68			0.68			(0.02	)		40

For the Year Ended December 31, 2013^(4)(10)
IA	$	10.00	$	—		$	—		$	—		$	—		$	—	$	—		$	10.00		—	%	$	1,013,110		0.45	%		0.21	%		(0.02	)%		6	%⁽¹¹⁾
IB		10.00		(0.01	)		—			(0.01	)		—			—		—			9.99		(0.10	)		163,058		0.49			0.25			(0.06	)		6	⁽¹¹⁾

For the Year Ended December 31, 2012^(4)(10)
IA	$	10.00	$	—		$	—		$	—		$	—		$	—	$	—		$	10.00		—	%	$	1,603,657		0.42	%		0.18	%		—	%		—	%⁽¹²⁾
IB		10.00		—			—			—			—			—		—			10.00		—			272,464		0.42			0.18			—			—	⁽¹²⁾

For the Year Ended December 31, 2011^(4)(10)
IA	$	10.00	$	—		$	—		$	—		$	—		$	—	$	—		$	10.00		—	%	$	1,970,312		0.42	%		0.16	%		—	%		—	%⁽¹²⁾
IB		10.00		—			—			—			—			—		—			10.00		—			376,648		0.42			0.16			—			—	⁽¹²⁾

Hartford U.S. Government Securities HLS Fund
For the Year Ended December 31, 2015
IA	$	10.37	$	0.16		$	—		$	0.16		$	(0.19	)	$	—	$	(0.19	)	$	10.34		1.56	%	$	412,060		0.49	%		0.49	%		1.53	%		42	%
IB		10.34		0.13			0.01			0.14			(0.16	)		—		(0.16	)		10.32		1.35			90,088		0.74			0.74			1.28			42

For the Year Ended December 31, 2014
IA	$	10.32	$	0.15		$	0.14		$	0.29		$	(0.24	)	$	—	$	(0.24	)	$	10.37		2.81	%	$	468,967		0.48	%		0.48	%		1.40	%		37	%
IB		10.28		0.12			0.15			0.27			(0.21	)		—		(0.21	)		10.34		2.59			102,235		0.73			0.73			1.15			37

For the Year Ended December 31, 2013
IA	$	10.75	$	0.12		$	(0.30	)	$	(0.18	)	$	(0.25	)	$	—	$	(0.25	)	$	10.32		(1.68	)%	$	556,169		0.49	%		0.49	%		1.14	%		39	%
IB		10.71		0.09			(0.30	)		(0.21	)		(0.22	)		—		(0.22	)		10.28		(1.97	)		123,908		0.74			0.74			0.89			39

For the Year Ended December 31, 2012⁽⁴⁾
IA	$	10.68	$	0.16		$	0.22		$	0.38		$	(0.31	)	$	—	$	(0.31	)	$	10.75		3.70	%	$	833,735		0.48	%		0.48	%		1.20	%		86	%
IB		10.63		0.13			0.23			0.36			(0.28	)		—		(0.28	)		10.71		3.44			173,937		0.73			0.73			0.95			86

For the Year Ended December 31, 2011⁽⁴⁾
IA	$	10.46	$	0.21		$	0.30		$	0.51		$	(0.29	)	$	—	$	(0.29	)	$	10.68		4.87	%	$	907,046		0.48	%		0.48	%		1.61	%		426	%
IB		10.40		0.19			0.29			0.48			(0.25	)		—		(0.25	)		10.63		4.61			194,273		0.73			0.73			1.36			426

The accompanying notes are an integral part of these financial statements.


		218

Hartford HLS Funds

Financial Highlights – (continued)


	*— Selected Per-Share Data⁽¹⁾ —*																								*— Ratios and Supplemental Data —*
Class	Net Asset Value at Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Investments			Total from Investment Operations			Dividends from Net Investment Income			Distributions from Realized Gains			Total Dividends and Distributions			Net Asset Value at End of Period		Total Return⁽²⁾			Net Assets at End of Period (000s)		Ratio of Expenses to Average Net Assets Before Adjust- ments⁽³⁾			Ratio of Expenses to Average Net Assets After Adjust- ments⁽³⁾			Ratio of Net Investment Income (Loss) to Average Net Assets			Portfolio Turnover
Hartford Value HLS Fund
For the Year Ended December 31, 2015
IA	$	16.89	$	0.26	$	(0.77	)	$	(0.51	)	$	(0.26	)	$	(0.54	)	$	(0.80	)	$	15.58		(3.08	)%	$	455,713		0.78	%		0.78	%		1.56	%		19	%
IB		16.88		0.22		(0.77	)		(0.55	)		(0.22	)		(0.54	)		(0.76	)		15.57		(3.35	)		80,052		1.03			1.03			1.30			19

For the Year Ended December 31, 2014
IA	$	15.39	$	0.24	$	1.51		$	1.75		$	(0.25	)	$	—		$	(0.25	)	$	16.89		11.37	%	$	523,661		0.77	%		0.77	%		1.51	%		14	%
IB		15.38		0.20		1.51			1.71			(0.21	)		—			(0.21	)		16.88		11.10			98,407		1.02			1.02			1.26			14

For the Year Ended December 31, 2013
IA	$	11.86	$	0.23	$	3.55		$	3.78		$	(0.25	)	$	—		$	(0.25	)	$	15.39		31.94	%	$	551,350		0.76	%		0.76	%		1.66	%		19	%
IB		11.85		0.20		3.54			3.74			(0.21	)		—			(0.21	)		15.38		31.65			109,081		1.01			1.01			1.41			19

For the Year Ended December 31, 2012⁽⁴⁾
IA	$	10.37	$	0.26	$	1.50		$	1.76		$	(0.27	)	$	—		$	(0.27	)	$	11.86		16.99	%	$	549,228		0.76	%		0.76	%		2.02	%		22	%
IB		10.36		0.23		1.50			1.73			(0.24	)		—			(0.24	)		11.85		16.69			103,438		1.01			1.01			1.77			22

For the Year Ended December 31, 2011⁽⁴⁾
IA	$	10.77	$	0.20	$	(0.41	)	$	(0.21	)	$	(0.19	)	$	—		$	(0.19	)	$	10.37		(1.96	)%	$	591,278		0.75	%		0.75	%		1.65	%		16	%
IB		10.76		0.17		(0.41	)		(0.24	)		(0.16	)		—			(0.16	)		10.36		(2.20	)		111,486		1.00			1.00			1.40			16

⁽¹⁾	Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

⁽²⁾	The figures do not include sales charges or other fees which may be applied at the variable life insurance, variable annuity or qualified retirement plan product level. Any such additional sales charges or other fees would lower the Fund’s performance.

⁽³⁾	Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

⁽⁴⁾	Net investment income (loss) per share amounts have been calculated using the Securities and Exchange Commission method.

⁽⁵⁾	Commenced operations on April 30, 2014.

⁽⁶⁾	Not annualized.

⁽⁷⁾	Annualized.

⁽⁸⁾	During the year ended December 31, 2014, the Fund incurred $61.8 million in sales associated with the transition of assets from The Hartford Global Research HLS Fund, which merged into the Fund on June 23, 2014. These sales were excluded from the portfolio turnover rate calculation.

⁽⁹⁾	During the year ended December 31, 2014, the Fund incurred $137.9 million in sales associated with the transition of assets from Hartford International Growth HLS Fund, which merged into the Fund on June 23, 2014. These sales were excluded from the portfolio turnover rate calculation.

⁽¹⁰⁾	Per share amounts have been restated to reflect a reverse stock split effective October 21, 2013. Please see Notes to Financial Statements.

⁽¹¹⁾	Portfolio turnover shown is from October 21, 2013 (conversion date) through December 31, 2013.

⁽¹²⁾	The Fund was managed as a money market fund and portfolio turnover was not calculated.

The accompanying notes are an integral part of these financial statements.


		219

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Notes to Financial Statements

December 31, 2015

1.	Organization:

Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. (collectively, the “Companies” and each, a “Company”) are each an open-end registered management investment company comprised of fifteen and four series, respectively, as of December 31, 2015. Each Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The assets of each Fund are separate, and a shareholder’s interest is limited to the Fund in which shares are held. Financial statements for each series of each Company (individually, a “Fund” and collectively, the “Funds”) listed below, are included in this report.

Hartford Series Fund, Inc.:

Hartford Balanced HLS Fund (the “Balanced HLS Fund”)

Hartford Capital Appreciation HLS Fund (the “Capital Appreciation HLS Fund”)

Hartford Disciplined Equity HLS Fund (the “Disciplined Equity HLS Fund”)

Hartford Dividend and Growth HLS Fund (the “Dividend and Growth HLS Fund”)

Hartford Global Growth HLS Fund (the “Global Growth HLS Fund”)

Hartford Healthcare HLS Fund (the “Healthcare HLS Fund”)

Hartford High Yield HLS Fund (the “High Yield HLS Fund”)

Hartford International Opportunities HLS Fund (the “International Opportunities HLS Fund”)

Hartford MidCap HLS Fund (the “MidCap HLS Fund”)

Hartford MidCap Value HLS Fund (the “MidCap Value HLS Fund”)

Hartford Small Company HLS Fund (the “Small Company HLS Fund”)

Hartford Stock HLS Fund (the “Stock HLS Fund”)

Hartford Total Return Bond HLS Fund (the “Total Return Bond HLS Fund”)

Hartford Ultrashort Bond HLS Fund (the “Ultrashort Bond HLS Fund”)

Hartford Value HLS Fund (the “Value HLS Fund”)

Hartford HLS Series Fund II, Inc.:

Hartford Growth Opportunities HLS Fund (the “Growth Opportunities HLS Fund”)

Hartford Small/Mid Cap Equity HLS Fund (the “Small/Mid Cap Equity HLS Fund”)

Hartford SmallCap Growth HLS Fund (the “SmallCap Growth HLS Fund”)

Hartford U.S. Government Securities HLS Fund (the “U.S. Government Securities HLS Fund”)

Each Fund serves as an underlying investment option for certain variable annuity and variable life insurance separate accounts of Hartford Life Insurance Company (“HLIC”) and its affiliates and certain qualified retirement plans. Each Fund may also serve as an underlying investment option for certain variable annuity and variable life separate accounts of other insurance companies. Owners of variable annuity contracts and policyholders of variable life insurance contracts may choose the funds permitted in the variable insurance contract prospectus. In addition, participants in certain qualified retirement plans may choose the Funds if permitted by their plans.

The Global Growth HLS Fund’s portfolio managers are Matthew D. Hudson (50%) and John A. Boselli (50%) as of December 31, 2015. The SmallCap Growth HLS Fund’s portfolio managers are Mammen Chally (80%) and David J. Elliot (20%) as of December 31, 2015. The Small Company HLS Fund’s portfolio managers are Steven C. Angeli (97%), Mammen Chally (2%) and Jamie A. Rome (1%) as of December 31, 2015. The Small Company HLS Fund portfolio management team also includes Mario E. Abularach and Stephen Mortimer as of December 31, 2015.

Each Fund is a diversified open-end management investment company. Each Fund applies specialized accounting and reporting under Accounting Standards and Codification Topic 946, “Financial Services – Investment Companies”.

Each Fund, except Balanced HLS Fund, Capital Appreciation HLS Fund, Dividend and Growth HLS Fund, Global Growth HLS Fund, Growth Opportunities HLS Fund, International Opportunities HLS Fund, MidCap HLS Fund, Small/Mid Cap Equity HLS Fund and Stock HLS, is divided into Class IA and Class IB shares. Balanced HLS Fund, Capital Appreciation HLS Fund, Dividend and Growth HLS Fund, Global Growth HLS Fund, Growth Opportunities HLS Fund, International Opportunities HLS Fund, MidCap HLS Fund, Small/Mid Cap Equity HLS Fund and Stock HLS Fund are divided into Class IA, Class IB and Class IC shares. Class IC shares have not commenced operations for Balanced HLS Fund, Dividend and Growth HLS Fund, Global Growth HLS Fund, International Opportunities HLS Fund, MidCap HLS Fund, Small/Mid Cap Equity HLS Fund and Stock HLS Fund as of the date of this report. Small Company HLS Fund and Small Cap Growth HLS Fund are now closed to new investors until further notice. For more information please see the Fund’s prospectus.


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Notes to Financial Statements – (continued)

December 31, 2015

Each class is offered at the per share net asset value (“NAV”) without a sales charge and is subject to the same expenses, except certain class specific expenses. Class IB shares are subject to distribution and service fees charged pursuant to a Distribution Plan adopted in accordance with Rule 12b-1 under the 1940 Act. Class IC shares are subject to distribution fees charged pursuant to a Distribution Plan adopted in accordance with Rule 12b-1 under the 1940 Act and Class IC shares are also subject to an administrative service fee.

2. Significant Accounting Policies:

The following is a summary of significant accounting policies of each Fund used in the preparation of its financial statements, which are in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). The preparation of financial statements in accordance with U.S. GAAP may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Determination of Net Asset Value – The NAV of each class of each Fund’s shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Funds after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV of each Fund, portfolio investments and other assets held by the Fund’s portfolio for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of last reported sales prices or official close price. If no sales are reported, market value is based on quotes obtained from a quotation reporting system, established market makers, or independent pricing services. If market prices are not readily available or are deemed unreliable, a Fund will use the fair value of the investment as determined in good faith under policies and procedures established by and under the supervision of the respective Company’s Board of Directors. Market quotes are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or indicative market quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of a Fund’s portfolio investments or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the investments trade do not open for trading for the entire day and no other market prices are available. In addition, prices of foreign equities that are principally traded on certain foreign markets may be adjusted daily pursuant to a fair value pricing service approved by the respective Company’s Board of Directors in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Investments that are primarily traded on foreign markets may trade on days that are not business days of the Funds. The value of the foreign investments in which a Fund invests may change on days when a shareholder will not be able to purchase or redeem shares of the Fund. Fair value pricing is subjective in nature and the use of fair value pricing by a Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio investment is primarily traded. There can be no assurance that a Fund could obtain the fair market value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Fixed income investments (other than short-term obligations), non-exchange traded derivatives and centrally cleared swaps held by a Fund are normally valued on the basis of quotes obtained from independent pricing services or brokers and dealers in accordance with procedures established by the respective Company’s Board of Directors. Prices obtained from independent pricing services use information provided by market makers or estimates of market values through accepted market modeling, trading and pricing conventions. Inputs to the models may include, but are not limited to, prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models and the investment’s terms and conditions. Generally, a Fund may use fair valuation in regard to fixed income investments when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. Senior floating rate interests generally trade in over-the-counter (“OTC”) markets and are priced through an independent pricing service utilizing independent market quotations from loan dealers or financial institutions. A composite bid price is used, which is an average of the dealer marks and dealer runs. Short-term investments maturing in 60 days or less are generally valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days, which approximates fair value.

Exchange traded options, futures and options on futures are valued at the settlement price or last trade price determined by the relevant exchange as of the NYSE Close. If the last trade price for exchange traded options does not fall between the bid and ask prices, the value will be the mean of the bid and ask prices as of the NYSE Close. If a last trade price is not available, the value will be


		221

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December 31, 2015

the mean of the bid and ask prices as of the NYSE Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the bid price as of the NYSE Close. In the case of OTC options and such instruments that do not trade on an exchange, values may be supplied by a pricing service using a formula or other objective method that may take into consideration the style, direction, expiration, strike price, notional value and volatility or other special adjustments.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of a Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed and the market value may change on days when an investor is not able to purchase, redeem or exchange shares of a Fund.

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the Valuation Date.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with procedures established by the respective Company’s Board of Directors.

U.S. GAAP defines fair value as the price that a Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of each Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

•

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

•

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

•

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors of each Company generally reviews and approves the “Procedures for Valuation of Portfolio Investments” at least once a year. These procedures define how investments are to be valued, including the formation and activities of a Valuation Committee. The Valuation Committee is responsible for determining in good faith the fair value of investments when the value cannot be obtained from primary pricing services or alternative sources or if the valuation of an investment as provided by the primary pricing service or alternative source is believed not to reflect the investment’s fair value as of the Valuation Date. Voting members of the Valuation Committee include each Company’s Treasurer or designee and a Vice President of the investment manager or designee. A Vice President of each Company with legal expertise or designee is also included on the Valuation Committee as a non-voting advisory member. In addition, each Company’s Chief Compliance Officer shall designate a member of the compliance group to attend Valuation Committee meetings as a non-voting resource, to monitor for and provide guidance with respect to compliance with these


		222

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Notes to Financial Statements – (continued)

December 31, 2015

procedures. Two members of the Valuation Committee or their designees, representing different departments, shall constitute a quorum for purposes of permitting the Valuation Committee to take action. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of each Fund’s sub-adviser, as applicable, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of each Company’s Board of Directors. The Audit Committee receives quarterly written reports which include details of all fair-valued investments, including the reason for the fair valuation, and an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such investments (the “lookback” test). The Board of Directors of each Company then must consider for ratification all of the fair value determinations made during the previous quarter.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Fair Valuation Summary and the Level 3 roll-forward reconciliation, if applicable, which follows each Fund’s Schedule of Investments.

Following is quantitative information about Level 3 fair value measurements:

Growth Opportunities HLS Fund


Security Type / Valuation Technique	Unobservable Input⁽¹⁾	Input Value(s) Range	Fair Value at December 31, 2015
Common Stock
Model⁽²⁾	EV/Estimated 2016 Revenue	3.4x to 5.1x	$	1,982,372
Model⁽²⁾	EV/Estimated 2017 EBITDA	5.01x to 12.63x		5,002,893
Cost⁽²⁾	Recent Trade Price; Date	$41.44; 11/27/2015		1,214,938
Cost⁽²⁾	Recent Trade Price; Date	SEK 866.59; 8/7/2015		1,928,452
Cost⁽²⁾	Recent Trade Price; Date	$10.34; 4/23/2015		429,782
Intrinsic Value	Amortized Discount	$14.75		3,957,885

Preferred Stock
Cost⁽²⁾	Recent Trade Price; Date	$44.12; 7/31/2015		2,241,500
Cost⁽²⁾	Recent Trade Price; Date	$10.68; 11/24/2016		2,523,862
Cost⁽²⁾	Recent Trade Price; Date	$10.34; 4/23/2015		959,697
Cost⁽²⁾	Recent Trade Price; Date	$32.31; 3/16/2015		3,158,162
Cost	Recent Trade Price; Date	$48.77; 12/4/2015		37,060,846
Cost⁽²⁾	Recent Trade Price; Date	$41.44; 11/27/2015		10,782,481
Cost	Recent Trade Price; Date	$2.03; 12/22/2015		1,774,368
Model⁽²⁾	EV/Estimated 2016 Revenue	4.1x to 7.2x		4,802,698
Model⁽²⁾	EV/Estimated 2016 Gross Profit	4.1x to 7.1x		6,450,298
Model⁽²⁾	EV/Estimated 2016 Revenue	4.31x to 9.85x		3,601,598
Model⁽²⁾	EV/Estimated 2016 Revenue⁽³⁾	3.65x to 7.58x		8,152,456
Model⁽²⁾	EV/Estimated 2015 Revenue	2.0x to 9.7x		2,263,168
Model⁽²⁾	EV/Estimated 2017 Revenue	2.3x to 4.3x		4,282,236
Model⁽²⁾	EV/Estimated 2016 Revenue	4.6x to 6.0x		3,724,115
Model⁽²⁾	EV/Estimated 2018 Revenue	1.2x to 5.7x		3,148,857
Model⁽²⁾	EV/Estimated 2015 Revenue	5.82x to 9.66x		5,719,348
Model⁽²⁾	EV/Estimated 2018 Revenue	3.8x to 7.5x		2,793,426
Model⁽²⁾	EV/Estimated 2017 Revenue	0.04x to 4.8x		3,388,099
Model⁽²⁾	EV/Estimated 2016 Revenue	3.4x to 5.1x		4,625,473

Convertible Bond
Cost	Recent Trade Price	$100.00		705,896
	Date	12/22/2015
Total			$	126,674,903

(1)	Significant changes to any unobservable inputs may result in a significant change to the fair value.

(2)	An additional discount may be applied to the valuation to account for company specific issues inherent in nonpublic investments.

(3)	The Option Pricing Model (OPM) is used to allocate enterprise value between multiple tiers of equity.


		223

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Notes to Financial Statements – (continued)

December 31, 2015

Small Company HLS Fund


Security Type / Valuation Technique	Unobservable Input⁽¹⁾	Input Value(s) Range	Fair Value at December 31, 2015
Common Stock
Model⁽²⁾	EV/LTM EBITDA	5.63x to 13.63x	$	4,765,580
Model⁽²⁾	EV/Estimated 2017 EBITDA	5.01x to 12.63x		5,555,845
Model⁽²⁾	EV/Estimated 2016 Revenue⁽³⁾	2.8x to 5.5x		2,021,145
Intrinsic Value	Amortized Discount	$14.75		2,905,494

Preferred Stock
Cost	Recent Trade Price; Date	$4.05; 12/22/2015		1,024,018
Cost	Recent Trade Price; Date	$3.13; 12/22/2015		867,066
Model⁽²⁾	EV/Estimated 2016 Revenue	4.1x to 7.2x		4,248,186
Model⁽²⁾	EV/Estimated 2015 Revenue	9.6x to 14.1x		4,367,017
Model⁽²⁾	EV/Estimated 2016 Revenue	4.31x to 9.85x		2,964,918
Model⁽²⁾	EV/Estimated 2017 Revenue	2.3x to 4.3x		4,788,201
Model⁽²⁾	EV/Estimated 2016 Revenue	4.6x to 6.0x		3,380,550
Model⁽²⁾	EV/Estimated 2016 Revenue⁽³⁾	2.8x to 5.5x		6,422,415
Model⁽²⁾	EV/Estimated 2015 Revenue	5.82x to 9.66x		4,261,604
Model⁽²⁾	EV/Estimated 2017 Revenue	1.7x to 3.9x		604,427
Model⁽²⁾	EV/Estimated 2016 Revenue	3.4x to 5.1x		3,354,601
Total			$	51,531,069

(1)	Significant changes to any unobservable inputs may result in a significant change to the fair value.

(2)	An additional discount may be applied to the valuation to account for company specific issues inherent in nonpublic investments.

(3)	The OPM is used to allocate enterprise value between multiple tiers of equity.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, a Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts, inflation adjustments and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage related and other asset backed securities are included in interest income in the Statements of Operations, as applicable.

Taxes – A Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which such Fund invests. The amount of foreign tax expense is included on the accompanying Statements of Operations as a reduction to net realized gain on investments in these securities, if applicable.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the Valuation Date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

A Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.


		224

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

Joint Trading Account – Each Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for each Fund’s shares are executed in accordance with the investment instructions of the contract holders and plan participants. The NAV of each Fund’s shares is determined as of the close of business on each business day of the Exchange (see Note 2(a)). The NAV is determined separately for each class of shares of a Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by a Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of each Fund.

Orders for the purchase of a Fund’s shares received prior to the close of the Exchange on any day the Exchange is open for business are priced at the NAV determined as of the close of the Exchange. Orders received after the close of the Exchange, or on a day on which the Exchange and/or the Funds are not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by the respective Company’s Board of Directors. Dividends and/or distributions to shareholders are recorded on ex-date. The policy of each Fund is to pay dividends from net investment income and realized gains, if any, at least once a year.

Income dividends and capital gains distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP with respect to character and timing (see Federal Income Taxes: Distributions and Components of Distributable Earnings and Reclassification of Capital Accounts notes).

3.	Securities and Other Investments:

Repurchase Agreements – A repurchase agreement is an agreement by which a counterparty agrees to sell an investment and agrees to repurchase the investment sold from the buyer at a mutually agreed upon time and price. During the period of the repurchase agreement, the counterparty will deposit cash and or securities in a third party custodial account to serve as collateral. At the time a Fund enters into a repurchase agreement, the value of the underlying collateral, including accrued interest, will be equal to or exceed the value of the repurchase agreement. Repurchase agreements expose a Fund to counterparty risk – that is, the risk that the counterparty will not fulfill its obligations. To minimize counterparty risk, the investments that serve to collateralize the repurchase agreement are held by a Fund’s custodian in book entry or physical form in the custodial account of the Fund or in a third party custodial account. Repurchase agreements are valued at cost plus accrued interest, which approximates fair value. Repurchase agreements have master netting arrangements which allow a Fund to offset amounts owed to a counterparty with amounts owed by the counterparty, including any collateral. Upon an event of default under a master repurchase agreement, the nondefaulting party may close out all transactions traded under such agreement and net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default, the master repurchase agreement does not result in an offset of reported amounts of assets and liabilities in the Statements of Assets and Liabilities across transactions between a Fund and the applicable counterparty. There were no outstanding repurchase agreements as of December 31, 2015.

Illiquid and Restricted Investments – Each Fund is permitted to invest up to 15% of its net assets in illiquid investments. Illiquid investments are those that may not be sold or disposed of in the ordinary course of business within seven days, at approximately the price used to determine a Fund’s NAV. A Fund may not be able to sell illiquid investments when its sub-adviser considers it desirable to do so or may have to sell such investments at a price that is lower than the price that could be obtained if the investments were more liquid. A sale of illiquid investments may require more time and may result in higher dealer discounts and other selling expenses than does the sale of those that are liquid. Illiquid investments also may be more difficult to value due to the unavailability of reliable market quotations for such investments, and an investment in them may have an adverse impact on a Fund’s NAV. Each Fund may also purchase certain restricted investments that can only be resold to certain qualified investors and may be determined to be liquid pursuant to policies and guidelines established by the respective Company’s Board of Directors. See each Fund’s Schedule of Investments, if applicable, for illiquid or restricted investments as of December 31, 2015.

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by a Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. A Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-


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December 31, 2015

delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and a Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. See each Fund’s Schedule of Investments, if applicable, for when-issued or delayed-delivery investments as of December 31, 2015.

In connection with a Fund’s ability to purchase investments on a when-issued or forward commitment basis, the Fund may enter into to-be announced (“TBA”) commitments. TBA commitments are forward agreements for the purchase or sale of mortgage backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although a Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio, the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, a Fund realizes a gain or loss. In a TBA roll transaction, a Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date.

Senior Floating Rate Interests – Certain Funds may invest in senior floating rate interests. Senior floating rate interests hold the most senior position in the capital structure of a business entity (the “Borrower”), are typically secured by specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to that held by subordinated debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. A Fund may invest in multiple series or tranches of a senior floating rate interest, which may have varying terms and carry different associated risks. A Fund may also enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments may include revolving credit facilities, which may obligate the Fund to supply additional cash to the borrower on demand. Unfunded loan commitments represent a future obligation in full. A Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a senior floating rate interest. In certain circumstances, a Fund may receive various fees upon the restructure of a senior floating rate interest by a borrower. Fees earned/paid may be recorded as a component of income or realized gain/loss in the Statements of Operations.

Senior floating rate interests are typically rated below-investment-grade, which suggests they are more likely to default and generally pay higher interest rates than investment-grade loans. A default could lead to non-payment of income, which would result in a reduction of income to a Fund, and there can be no assurance that the liquidation of any collateral would satisfy the Borrower’s obligation in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated. See each Fund’s Schedule of Investments, if applicable, for outstanding senior floating rate interests as of December 31, 2015.

Mortgage Related and Other Asset Backed Securities – Certain Funds may invest in mortgage related and other asset backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage backed securities, stripped mortgage backed securities, asset backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and others. Asset backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of prepayments on underlying mortgages will affect the price and volatility of a mortgage related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage related securities is guaranteed by the full faith and credit of the United States Government. Mortgage related and other asset backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. See each Fund’s Schedule of Investments, if applicable, for mortgage related and other asset backed securities as of December 31, 2015.

Inflation Indexed Bonds – Certain Funds may invest in inflation indexed bonds. Inflation indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation indexed bond will be included as


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December 31, 2015

interest income on the Statements of Operations, even though investors do not receive the principal amount until maturity. See each Fund’s Schedule of Investments, if applicable, for inflation indexed bonds as of December 31, 2015.

4.	Financial Derivative Instruments:

The following disclosures contain information on how and why a Fund uses derivative instruments, the credit-risk-related contingent features in certain derivative instruments, and how derivative instruments affect a Fund’s financial position and results of operations. The location and fair value amounts of these instruments on the Statements of Assets and Liabilities and the realized gains and losses and changes in unrealized gains and losses on the Statements of Operations, each categorized by type of derivative contract, are included in the following Additional Derivative Instrument Information footnote. The derivative instruments outstanding as of period-end are disclosed in the notes to the Schedules of Investments, if applicable. The amounts of realized gains and losses and changes in unrealized gains and losses on derivative instruments during the period are disclosed in the Statements of Operations.

Foreign Currency Contracts – A Fund may enter into foreign currency contracts that obligate the Fund to purchase or sell currencies at specified future dates. Foreign currency contracts are used to hedge the currency exposure associated with some or all of a Fund’s investments and/or as part of an investment strategy. Foreign currency contracts are marked to market daily and the change in value is recorded by a Fund as an unrealized gain or loss. A Fund will record a realized gain or loss when the foreign currency contract is settled.

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statements of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. See each Fund’s Schedule of Investments, if applicable, for outstanding foreign currency contracts as of December 31, 2015.

Futures Contracts – A Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. A Fund uses futures contracts to manage or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by a Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, a Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily at the most recent settlement price reported by an exchange on which, over time, they are traded most extensively, and an appropriate payable or receivable for the change in value (“variation margin”) is recorded by a Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statements of Assets and Liabilities; however, a Fund seeks to reduce this risk through the use of an FCM. See each Fund’s Schedule of Investments, if applicable, for outstanding futures contracts as of December 31, 2015.

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Option contracts are either privately negotiated in the over-the-counter market (“OTC options”) or executed in a registered exchange (“exchange traded options”). A Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as a Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will pledge cash or other liquid investments having a value equal to or greater than the fluctuating market value of the option investment or currency. Writing put options increases a Fund’s exposure to the underlying instrument. Writing call options decreases a Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swap, investment or currency transaction to determine the realized gain or loss. A Fund, as a writer of an option, has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk a Fund may not be able to enter into a closing transaction because of an illiquid market. A Fund may also purchase put and call options. Purchasing call options increases a Fund’s exposure to the underlying instrument. Purchasing put options decreases a Fund’s exposure to the underlying instrument. A Fund pays a premium, which is included on the Fund’s Statements of Assets and Liabilities as an investment and is subsequently marked to


		227

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December 31, 2015

market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into over-the-counter options also exposes a Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

See each Fund’s Schedule of Investments, if applicable, for outstanding purchased and written option contracts as of December 31, 2015. Transactions involving written option contracts during the year ended December 31, 2015, are summarized below:

Hartford Total Return Bond HLS Fund

Options Activity During the Year Ended December 31, 2015


Call Options Written During the Year	Number of Contracts			Premium Amounts
Beginning of period		—		$	—
Written		1,007,528,000			3,922,907
Expired		(470,023,000	)		(1,328,282	)
Closed		(24,100,000	)		(1,537,318)
Exercised		(443,710,000	)		(849,964	)

End of Period		69,695,000		$	207,343


Put Options Written During the Year	Number of Contracts			Premium Amounts
Beginning of period		—		$	—
Written		1,001,723,000			3,745,812
Expired		(688,062,000	)		(1,574,967	)
Closed		(18,300,000	)		(1,502,880)
Exercised		(225,671,000	)		(530,327	)

End of Period		69,690,000		$	137,638

Swap Contracts – A Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared in a central clearing house (“centrally cleared swaps”). A Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are valued based on custom valuations furnished by an independent pricing service. Swaps for which prices are not available from an independent pricing service are valued in accordance with procedures established by the respective Company’s Board of Directors. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statements of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statements of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swap. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statements of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statements of Operations upon termination or maturity of the swap. A liquidation payment received or made at


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December 31, 2015

the termination or maturity of the swap is recorded as a realized gain or loss on the Statements of Operations. Net periodic payments received or paid by a Fund are included as part of realized gains or losses on the Statements of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statements of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

A Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between a Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statements of Assets and Liabilities, as applicable) as well as the posting of collateral to a Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while a Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. The Fund is still exposed to the counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Credit Default Swap Contracts – The credit default swap market allows a Fund to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statements of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of year-end are disclosed in the notes to the Schedules of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. See each Fund’s Schedule of Investments, if applicable, for outstanding credit default swap contracts as of December 31, 2015.

Interest Rate Swap Contracts – Certain Funds are subject to interest rate risk exposure in the normal course of pursuing its investment objectives. The value of fixed rate bonds may decrease if interest rates rise. To hedge against this risk and to maintain its ability to generate income at prevailing market rates, a Fund may enter into interest rate swap contracts. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate, based on a specified interest rate or benchmark (e.g. London Interbank Offered Rate (“LIBOR”)), multiplied by a notional amount, in return for payments equal to a fixed rate multiplied by the same amount, for a specific period of time. The net interest received or paid on interest rate swap contracts is recorded as a


		229

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December 31, 2015

realized gain or loss. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the Statements of Operations. When the interest rate swap contract is terminated early, a Fund records a realized gain or loss equal to the difference between the current market value and the upfront premium or cost.

If an interest rate swap contract provides for payments in different currencies, the parties might agree to exchange the notional amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index. The risks of interest rate swaps include changes in market conditions which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the contract. A Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that amount is positive. See each Fund’s Schedule of Investments, if applicable, for outstanding interest rate swap contracts as of December 31, 2015.

Spreadlock Swap Contracts – Certain Funds may invest in spreadlock swap contracts. These contracts involve commitments to pay or receive a settlement amount calculated as the spread difference between two interest rate curves and a fixed spread at a specific forward date determined at the beginning of the contract. Settlement amounts paid or received are recorded as a realized gain or loss on the Statements of Operations at the determination date. See each Fund’s Schedule of Investments, if applicable, for outstanding speadlock swap contracts as of December 31, 2015.

Cross Currency Swaps – Certain Funds may enter into cross currency swap agreements to gain or mitigate exposure to currency risk. A cross currency swap is an agreement to exchange cash flows on a notional amount of two or more currencies based on the relative value differential among them. Such swaps may involve initial and final exchanges that correspond to the agreed upon notional amount. Cross currency swaps usually involve the delivery of the entire principal value of one designated currency in exchange for the other designated currency. Therefore, the entire principal value of a cross currency swap is subject to the risk that the other party to the swap will default on its contractual delivery obligations. If there is a default by the counterparty, the Fund may have contractual remedies pursuant to the agreements related to the transaction. See each Fund’s Schedule of Investments, if applicable, for outstanding cross currency swap contracts as of December 31, 2015.

Additional Derivative Instrument Information:

Balanced HLS Fund

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2015:


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Liabilities:
Unrealized depreciation on futures contracts⁽¹⁾	$	60,846	$	—	$	—	$	—	$	—	$	—	$	60,846

Total	$	60,846	$	—	$	—	$	—	$	—	$	—	$	60,846

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2015


	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized gain (loss) on futures contracts	$	(574,265	)	$	—	$	—	$	—	$	—	$	—	$	(574,265	)

Total	$	(574,265	)	$	—	$	—	$	—	$	—	$	—	$	(574,265	)


Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of futures contracts	$	(123,477	)	$	—	$	—	$	—	$	—	$	—	$	(123,477	)

Total	$	(123,477	)	$	—	$	—	$	—	$	—	$	—	$	(123,477	)


		230

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Notes to Financial Statements – (continued)

December 31, 2015

For the year ended December 31, 2015, the average amount or number per contract outstanding for each derivative type was as follows:


Derivative Description	Average Notional Par or Face Amount^‡
Futures contracts	$	48,113,333

‡

Averages are based on activity levels during 2015.

Capital Appreciation HLS Fund

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2015:


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	783,025	$	—	$	—	$	—	$	—	$	783,025

Total	$	—	$	783,025	$	—	$	—	$	—	$	—	$	783,025

The volume of derivatives that is presented in the Schedules of Investments is consistent with the Fund’s derivatives activity during the year ended December 31, 2015.

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2015


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts			Credit Contracts		Equity Contracts			Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized gain (loss) on purchased options contracts	$	—	$	—		$	—	$	(19,529	)	$	—	$	—	$	(19,529	)
Net realized gain (loss) on foreign currency contracts		—		12,365,127			—		—			—		—		12,365,127

Total	$	—	$	12,365,127		$	—	$	(19,529)		$	—	$	—	$	12,345,598


Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of foreign currency contracts	$	—	$	(3,308,109	)	$	—	$	—		$	—	$	—	$	(3,308,109	)

Total	$	—	$	(3,308,109	)	$	—	$	—		$	—	$	—	$	(3,308,109	)

Disciplined Equity HLS Fund

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2015:


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on futures contracts⁽¹⁾	$	—	$	—	$	—	$	281,759	$	—	$	—	$	281,759

Total	$	—	$	—	$	—	$	281,759	$	—	$	—	$	281,759

The volume of derivatives that is presented in the Schedules of Investments is consistent with the Fund’s derivatives activity during the year ended December 31, 2015.


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Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2015


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts			Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized gain (loss) on futures contracts	$	—	$	—	$	—	$	(259,876	)	$	—	$	—	$	(259,876	)

Total	$	—	$	—	$	—	$	(259,876)		$	—	$	—	$	(259,876	)


Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of futures contracts	$	—	$	—	$	—	$	281,759		$	—	$	—	$	281,759

Total	$	—	$	—	$	—	$	281,759		$	—	$	—	$	281,759

Growth Opportunities HLS Fund

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2015


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts			Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of foreign currency contracts	$	—	$	(848	)	$	—	$	—	$	—	$	—	$	(848	)

Total	$	—	$	(848	)	$	—	$	—	$	—	$	—	$	(848	)

The volume of derivatives that is presented in the Schedules of Investments is consistent with the Fund’s derivatives activity during the year ended December 31, 2015.

Healthcare HLS Fund

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2015


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts			Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized gain (loss) on foreign currency contracts	$	—	$	(28,402	)	$	—	$	—	$	—	$	—	$	(28,402	)

Total	$	—	$	(28,402	)	$	—	$	—	$	—	$	—	$	(28,402	)


Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of foreign currency contracts	$	—	$	(3,944	)	$	—	$	—	$	—	$	—	$	(3,944	)

Total	$	—	$	(3,944	)	$	—	$	—	$	—	$	—	$	(3,944	)

High Yield HLS Fund

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2015:


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on foreign currency contracts	$	—	$	64,475	$	—	$	—	$	—	$	—	$	64,475

Total	$	—	$	64,475	$	—	$	—	$	—	$	—	$	64,475


Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	645	$	—	$	—	$	—	$	—	$	645
Unrealized depreciation on swap contracts⁽²⁾		—		—		68,256		—		—		—		68,256

Total	$	—	$	645	$	68,256	$	—	$	—	$	—	$	68,901


		232

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Notes to Financial Statements – (continued)

December 31, 2015

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2015


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts			Credit Contracts			Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized gain (loss) on swap contracts	$	—	$	—		$	(51,895	)	$	—	$	—	$	—	$	(51,895	)
Net realized gain (loss) on foreign currency contracts		—		1,406,433			—			—		—		—		1,406,433

Total	$	—	$	1,406,433		$	(51,895	)	$	—	$	—	$	—	$	1,354,538


Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of swap contracts	$	—	$	—		$	(66,230	)	$	—	$	—	$	—	$	(66,230	)
Net change in unrealized appreciation (depreciation) of foreign currency contracts		—		(218,266	)		—			—		—		—		(218,266	)

Total	$	—	$	(218,266	)	$	(66,230	)	$	—	$	—	$	—	$	(284,496	)

For the year ended December 31, 2015, the average amount or number per contract outstanding for each derivative type was as follows:


Derivative Description	Average Notional Par or Face Amount^‡
Foreign currency contracts	$	8,756,668
Swap contracts		4,686,300

‡

Averages are based on activity levels during 2015.

International Opportunities HLS Fund

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2015


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts			Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of foreign currency contracts	$	—	$	(13,288	)	$	—	$	—	$	—	$	—	$	(13,288	)

Total	$	—	$	(13,288	)	$	—	$	—	$	—	$	—	$	(13,288	)

The volume of derivatives that is presented in the Schedules of Investments is consistent with the Fund’s derivatives activity during the year ended December 31, 2015.

MidCap Value HLS Fund

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2015


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of foreign currency contracts	$	—	$	538	$	—	$	—	$	—	$	—	$	538

Total	$	—	$	538	$	—	$	—	$	—	$	—	$	538


		233

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

Additional Derivative Instrument Information:

Small Company HLS Fund

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2015


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized gain (loss) on foreign currency contracts	$	—	$	392	$	—	$	—	$	—	$	—	$	392

Total	$	—	$	392	$	—	$	—	$	—	$	—	$	392

Additional Derivative Instrument Information:

SmallCap Growth HLS Fund

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2015


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized gain (loss) on futures contracts	$	—	$	—	$	—	$	127,536	$	—	$	—	$	127,536

Total	$	—	$	—	$	—	$	127,536	$	—	$	—	$	127,536

Total Return Bond HLS Fund

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2015:


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Investments in securities, at value (purchased options), market value	$	—	$	18,238	$	—	$	—	$	—	$	—	$	18,238
Unrealized appreciation on futures contracts⁽¹⁾		1,906,538		—		—		—		—		—		1,906,538
Unrealized appreciation on foreign currency contracts		—		1,407,819		—		—		—		—		1,407,819
Unrealized appreciation on swap contracts⁽²⁾		158,902		42,736		3,409,459		—		—		—		3,611,097

Total	$	2,065,440	$	1,468,793	$	3,409,459	$	—	$	—	$	—	$	6,943,692

Liabilities:
Unrealized depreciation on futures contracts⁽¹⁾	$	2,108,003	$	—	$	—	$	—	$	—	$	—	$	2,108,003
Unrealized depreciation on foreign currency contracts		—		960,387		—		—		—		—		960,387
Written options, market value		351,953		—		—		—		—		—		351,953
Unrealized depreciation on swap contracts⁽²⁾		—		128,601		8,113,293		—		—		—		8,241,894

Total	$	2,459,956	$	1,088,988	$	8,113,293	$	—	$	—	$	—	$	11,662,237

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2015


	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts			Credit Contracts			Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized gain (loss) on purchased options contracts	$	(1,305,008)		$	(976,892)		$	—		$	—	$	—	$	—	$	(2,281,900	)
Net realized gain (loss) on futures contracts		2,496,231			—			—			—		—		—		2,496,231
Net realized gain (loss) on written options contracts		3,205,667			—			—			—		—		—		3,205,667
Net realized gain (loss) on swap contracts		(307,081	)		(11,408	)		(11,674,343	)		—		—		—		(11,992,832	)
Net realized gain (loss) on foreign currency contracts		—			8,101,539			—			—		—		—		8,101,539

Total	$	4,089,809		$	7,113,239		$	(11,674,343)		$	—	$	—	$	—	$	(471,295	)


		234

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015


	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts			Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of investments in purchased options contracts	$	883,975		$	441,931		$	—	$	—	$	—	$	—	$	1,325,906
Net change in unrealized appreciation (depreciation) of futures contracts		(461,264	)		—			—		—		—		—		(461,264	)
Net change in unrealized appreciation (depreciation) of written options contracts		(6,972	)		—			—		—		—		—		(6,972	)
Net change in unrealized appreciation (depreciation) of swap contracts		160,849			(85,865	)		1,323,655		—		—		—		1,398,639
Net change in unrealized appreciation (depreciation) of foreign currency contracts		—			(703,054	)		—		—		—		—		(703,054)

Total	$	576,588		$	(346,988)		$	1,323,655	$	—	$	—	$	—	$	1,553,255

For the year ended December 31, 2015, the average amount or number per contract outstanding for each derivative type was as follows:


Derivative Description	Average Notional Par or Face Amount^‡
Investments in securities, at value^(a)	$	71,124,435
Foreign currency contracts		242,101,338
Futures contracts		1,332,430,013
Swap contracts		858,269,723
Written options		249,506,375

‡

Averages are based on activity levels during 2015.

^(a)

Represents purchased options which are part of net realized gain (loss) on investments and net change in unrealized appreciation (depreciation) on investments as shown in the Statement of Operations.

U.S. Government Securities HLS Fund

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2015:


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on futures contracts⁽¹⁾	$	1,398	$	—	$	—	$	—	$	—	$	—	$	1,398

Total	$	1,398	$	—	$	—	$	—	$	—	$	—	$	1,398


Liabilities:
Unrealized depreciation on futures contracts⁽¹⁾	$	122,932	$	—	$	—	$	—	$	—	$	—	$	122,932

Total	$	122,932	$	—	$	—	$	—	$	—	$	—	$	122,932

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2015


	Risk Exposure Category
	Interest Rate Contracts			Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:
Net realized gain (loss) on futures contracts	$	(444,637	)	$	—	$	—	$	—	$	—	$	—	$	(444,637	)

Total	$	(444,637	)	$	—	$	—	$	—	$	—	$	—	$	(444,637	)


Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of futures contracts	$	(385,760	)	$	—	$	—	$	—	$	—	$	—	$	(385,760	)

Total	$	(385,760)		$	—	$	—	$	—	$	—	$	—	$	(385,760)


		235

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

For the year ended December 31, 2015, the average amount or number per contract outstanding for each derivative type was as follows:


Derivative Description	Average Notional Par or Face Amount^‡
Futures contracts	$	60,638,889

‡

Averages are based on activity levels during 2015.

⁽¹⁾

Cumulative appreciation (depreciation) on futures contracts is disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, are reported within the Statements of Assets and Liabilities.

⁽²⁾

Statements of Assets and Liabilities location: Cumulative appreciation (depreciation) on centrally cleared swaps, if applicable, is disclosed within the Schedule of Investments. Only the current day’s variation margin, if any, are reported within the Statements of Assets and Liabilities. OTC swaps are reported within the Statement of Assets and Liabilities within Unrealized appreciation (depreciation) on OTC swap contracts, if applicable.

Balance Sheet Offsetting Information – Set forth below are tables which disclose both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and a Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or on behalf of a Fund, or liabilities or payment obligations of the clearing brokers to the Fund, against any liabilities or payment obligations of the Fund to the clearing brokers. A Fund is required to deposit financial collateral (including cash collateral) at the Fund’s custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in a bankruptcy.

The following tables present the Funds’ derivative assets and liabilities, presented on a gross basis as no amounts are netted within the Statements of Assets and Liabilities, by counterparty net of amounts available for offset under a master netting agreement or similar agreement (“MNA”) and net of the related collateral received/pledged by the Funds as of December 31, 2015:


Balanced HLS Fund
Derivative Financial Instruments:	Assets		Liabilities
Futures contracts	$	—	$	(60,846	)

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		—		(60,846	)

Derivatives not subject to a MNA		—		60,846

Total gross amount of assets and liabilities subject to MNA or similar agreements	$	—	$	—


Capital Appreciation HLS Fund
Derivative Financial Instruments:	Assets		Liabilities
Foreign currency contracts	$	783,025	$	—

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		783,025		—

Derivatives not subject to a MNA		—		—

Total gross amount of assets and liabilities subject to MNA or similar agreements	$	783,025	$	—


Capital Appreciation HLS Fund
Counterparty	Gross Amount of Assets		Financial Instruments and Derivatives Available for Offset		Non-cash Collateral Received*		Cash Collateral Received*		Net Amount of Assets
Citibank NA	$	677,613	$	—	$	—	$	—	$	677,613
Goldman Sachs & Co.		99,930		—		—		—		99,930
HSBC Bank USA		5,482		—		—		—		5,482

Total	$	783,025	$	—	$	—	$	—	$	783,025

In some instances, the actual collateral received and/or pledged may be more than the amount shown.


		236

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015


High Yield HLS Fund
Derivative Financial Instruments:	Assets			Liabilities
Foreign currency contracts	$	64,475		$	(645	)
Swap contracts		102,730			—

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		167,205			(645	)

Derivatives not subject to a MNA		(102,730	)		—

Total gross amount of assets and liabilities subject to MNA or similar agreements	$	64,475		$	(645	)


High Yield HLS Fund
Counterparty	Gross Amount of Assets		Financial Instruments and Derivatives Available for Offset		Non-cash Collateral Received*		Cash Collateral Received*		Net Amount of Assets
Banc of America Securities LLC	$	64,475	$	—	$	—	$	—	$	64,475


Counterparty	Gross Amount of Liabilities			Financial Instruments and Derivatives Available for Offset		Non-cash Collateral Pledged*		Cash Collateral Pledged*		Net Amount of Liabilities
BNP Paribas Securities Services	$	(645	)	$	—	$	—	$	—	$	(645	)

In some instances, the actual collateral received and/or pledged may be more than the amount shown.


Total Return Bond HLS Fund
Derivative Financial Instruments:	Assets			Liabilities
Foreign currency contracts	$	1,407,819		$	(960,387	)
Futures contracts		1,906,538			(2,108,003	)
Purchased options		18,238			—
Swap contracts		29,675,219			(23,666,897	)
Written options		—			(351,953	)

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		33,007,814			(27,087,240	)

Derivatives not subject to a MNA		(1,906,538	)		7,825,932

Total gross amount of assets and liabilities subject to MNA or similar agreements	$	31,101,276		$	(19,261,308	)


Total Return Bond HLS Fund
Counterparty	Gross Amount of Assets		Financial Instruments and Derivatives Available for Offset			Non-cash Collateral Received*			Cash Collateral Received*			Net Amount of Assets
Banc of America Securities LLC	$	3,948,982	$	(2,754,611	)	$	(1,194,371	)	$	—		$	—
Barclays		10,942,585		(2,090,712	)		—			(8,670,000	)		181,873
Citibank NA		3,162,569		(49,631	)		—			(2,646,000	)		466,938
Credit Suisse First Boston Corp.		1,310		—			—			—			1,310
Credit Suisse International		4,197,238		(4,059,396	)		—			(137,842	)		—


		237

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015


Total Return Bond HLS Fund-(continued)
Counterparty	Gross Amount of Assets		Financial Instruments and Derivatives Available for Offset			Non-cash Collateral Received*			Cash Collateral Received*			Net Amount of Assets
Deutsche Bank Securities, Inc.	$	1,112,676	$	(363,178	)	$	—		$	(700,000	)	$	49,498
Goldman Sachs & Co.		3,055,456		(3,055,456	)		—			—			—
JP Morgan Chase & Co.		782,465		(782,465	)		—			—			—
Merrill Lynch International		405,862		(405,862	)		—			—			—
Morgan Stanley		3,173,746		(1,601,479	)		—			(1,572,267	)		—
RBC Dominion Securities, Inc.		58,358		(560	)		—			—			57,798
Standard Chartered Bank		229,885		(29,449	)		—			—			200,436
State Street Global Markets LLC		30,144		(3,546	)		—			—			26,598

Total	$	31,101,276	$	(15,196,345	)	$	(1,194,371	)	$	(13,726,109	)	$	984,451



Counterparty	Gross Amount of Liabilities			Financial Instruments and Derivatives Available for Offset		Non-cash Collateral Pledged*		Cash Collateral Pledged*		Net Amount of Liabilities
Banc of America Securities LLC	$	(2,754,611	)	$	2,754,611	$	—	$	—	$	—
Barclays		(2,090,712	)		2,090,712		—		—		—
BNP Paribas Securities Services		(2,663	)		—		—		—		(2,663	)
Citibank NA		(49,631	)		49,631		—		—		—
Commonwealth Bank of Australia		(151,828	)		—		—		—		(151,828	)
Credit Suisse International		(4,059,396	)		4,059,396		—		—		—
Deutsche Bank Securities, Inc.		(363,178	)		363,178		—		—		—
Goldman Sachs & Co.		(3,562,543	)		3,055,456		—		43,613		(463,474	)
HSBC Bank USA		(83,097	)		—		—		—		(83,097	)
JP Morgan Chase & Co.		(931,328	)		782,465		—		—		(148,863	)
Merrill Lynch International		(2,958,868	)		405,862		2,503,686		—		(49,320	)
Morgan Stanley		(1,601,479	)		1,601,479		—		—		—
RBC Dominion Securities, Inc.		(560	)		560		—		—		—
Standard Chartered Bank		(29,449	)		29,449		—		—		—
State Street Global Markets LLC		(3,546	)		3,546		—		—		—
UBS AG		(618,419	)		—		500,776		—		(117,643	)

Total	$	(19,261,308	)	$	15,196,345	$	3,004,462	$	43,613	$	(1,016,888	)

In some instances, the actual collateral received and/or pledged may be more than the amount shown.


U.S. Government Securities HLS Fund
Derivative Financial Instruments:	Assets			Liabilities
Futures contracts	$	1,398		$	(122,932	)

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		1,398			(122,932	)

Derivatives not subject to a MNA		(1,398	)		122,932

Total gross amount of assets and liabilities subject to MNA or similar agreements	$	—		$	—


		238

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

5.	Principal Risks:

The market values of equity securities, such as common stocks and preferred stocks, or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities.

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. Similar to credit risk, a Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which a Fund has unsettled or open transactions will default.

Certain investments held by a Fund expose the Fund to various risks which may include, but are not limited to, interest rate, prepayment, extension and foreign currency risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by a Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities, senior floating rate interests and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

If a Fund invests directly in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the base currency (U.S. dollars) of the Fund, or, in the case of hedging positions, that the Fund’s base currency will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities, such as the International Monetary Fund, or by the imposition of currency controls or other political developments in the United States or abroad. As a result, a Fund’s investments in foreign currency denominated securities may reduce the returns, if applicable, of the Fund.

6.	Federal Income Taxes:

Each Fund intends to continue to qualify as a Regulated Investment Company (“RIC”) under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders. Each Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2015. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies (“PFICs”), Real Estate Investment Trusts (“REITs”), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by the Funds.


		239

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

Distributions and Components of Distributable Earnings – The tax character of distributions paid by each Fund for the years ended December 31, 2015 and December 31, 2014 are as follows (as adjusted for dividends payable, if applicable):


	For the Year Ended December 31, 2015				For the Year Ended December 31, 2014
Fund	Ordinary Income		Long-Term Capital Gains⁽¹⁾		Ordinary Income		Long-Term Capital Gains
Balanced HLS Fund	$	48,113,111	$	—	$	50,751,999	$	—
Capital Appreciation HLS Fund		395,608,528		941,479,163		461,903,895		656,128,494
Disciplined Equity HLS Fund		17,696,259		226,565,250		13,399,464		—
Dividend & Growth HLS Fund		81,615,645		497,141,842		122,936,965		449,915,369
Global Growth HLS Fund		2,330,348		21,960,413		2,048,503		—
Growth Opportunities HLS Fund		75,794,685		207,664,278		79,075,442		142,877,866
Healthcare HLS Fund		3,015,270		46,392,436		4,611,295		22,145,365
High Yield HLS Fund		24,914,498		—		35,154,599		—
International Opportunities HLS Fund		20,056,070		—		32,481,494		—
MidCap HLS Fund		13,749,279		197,614,796		27,985,188		174,255,206
MidCap Value HLS Fund		5,717,645		55,282,288		2,882,001		60,291,875
Small Company HLS Fund		48,556,100		208,942,541		92,815,184		157,551,966
Small/Mid Cap Equity HLS Fund		3,215,842		15,912,525		17,387,669		8,210,898
SmallCap Growth HLS Fund		17,138,693		81,861,568		37,071,356		90,138,781
Stock HLS Fund		27,684,514		—		30,998,186		—
Total Return Bond HLS Fund		137,524,741		23,735,354		108,767,110		—
Ultrashort Bond HLS Fund		2,122,089		32,791		—		—
U.S. Government Securities HLS Fund		9,323,867		—		13,850,021		—
Value HLS Fund		10,774,724		15,734,487		8,937,977		—

(1)

The Funds designate these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(c).

As of December 31, 2015, the components of distributable earnings (deficit) for each Fund on a tax basis are as follows:


Fund	Undistributed Ordinary Income		Undistributed Long-Term Capital Gain		Accumulated Capital and Other Losses⁽¹⁾			Unrealized Appreciation (Depreciation) on Investments⁽²⁾			Other Temporary Differences			Total Accumulated Earnings (Deficit)
Balanced HLS Fund	$	28,777,300	$	—	$	(199,060,323	)	$	414,186,774		$	(919,328	)	$	242,984,423
Capital Appreciation HLS Fund		60,409,332		481,343,758		—			79,606,726			(19,529	)		621,340,287
Disciplined Equity HLS Fund		979,743		86,580,392		—			156,725,537			—			244,285,672
Dividend & Growth HLS Fund		6,152,049		368,805,690		—			829,947,034			—			1,204,904,773
Global Growth HLS Fund		2,754,031		46,629,661		—			70,383,604			—			119,767,296
Growth Opportunities HLS Fund		64,425,206		135,652,389		—			113,989,953			—			314,067,548
Healthcare HLS Fund		17,363,950		59,648,395		—			95,917,987			—			172,930,332
High Yield HLS Fund		20,169,985		—		(21,720,835	)		(31,771,888	)		—			(33,322,738	)
International Opportunities HLS Fund		19,934,876		—		(381,710,673	)		22,077,124			—			(339,698,673	)
MidCap HLS Fund		777,579		179,807,154		—			255,385,016			—			435,969,749
MidCap Value HLS Fund		3,923,496		46,944,471		—			45,674,061			—			96,542,028
Small Company HLS Fund		—		96,188,295		—			(18,572,209	)		—			77,616,086
Small/Mid Cap Equity HLS Fund		1,264,380		5,626,981		—			4,458,376			—			11,349,737
SmallCap Growth HLS Fund		3,672,027		47,395,524		—			1,865,715			—			52,933,266
Stock HLS Fund		2,566,050		—		(260,419,400	)		289,222,448			—			31,369,098
Total Return Bond HLS Fund		65,465,697		10,008,875		—			(56,879,553	)		(51,434	)		18,543,585
Ultrashort Bond HLS Fund		2,672,136		—		(342,482	)		(2,062,285	)		—			267,369
U.S. Government Securities HLS Fund		9,029,448		—		(113,784,908	)		4,520,682			(35,947	)		(100,270,725	)
Value HLS Fund		2,363,777		62,514,709		—			101,035,496			—			165,913,982

(1)

The Fund has capital loss carryforwards that are identified in the Capital Loss Carryforward note that follows.

(2)

Differences between book-basis and tax-basis unrealized appreciation (depreciation) may be attributable to the losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to PFICs, REITs, RICs, certain derivatives and partnerships.


		240

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

Reclassification of Capital Accounts – The Funds may record reclassifications in their capital accounts. These reclassifications have no impact on the total net assets of the Funds. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as foreign currency, PFICs, expiration or utilization of capital loss carryforwards or net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Funds’ distributions may be shown in the accompanying Statements of Changes in Net Assets as from undistributed net investment income, from accumulated net realized gains on investments or from capital depending on the type of book and tax differences that exist. For the year ended December 31, 2015, the Funds recorded reclassifications to increase (decrease) the accounts listed below:


Fund	Capital Stock and Paid-in-Capital			Undistributed Net Investment Income (Loss)			Accumulated Net Realized Gain (Loss)
Balanced HLS Fund	$	(38,847	)	$	14,329,249		$	(14,290,402	)
Capital Appreciation HLS Fund		(1,471	)		(3,911,419	)		3,912,890
Disciplined Equity HLS Fund		—			(52,837	)		52,837
Dividend & Growth HLS Fund		(612	)		(1,230,255	)		1,230,867
Global Growth HLS Fund		(54	)		(56,285	)		56,339
Growth Opportunities HLS Fund		(2,553	)		4,936,891			(4,934,338	)
Healthcare HLS Fund		—			12,347,386			(12,347,386	)
High Yield HLS Fund		(63,809	)		(803,701	)		867,510
International Opportunities HLS Fund		(334	)		2,047,088			(2,046,754	)
MidCap HLS Fund		—			(373,741	)		373,741
MidCap Value HLS Fund		(44	)		8,615			(8,571	)
Small Company HLS Fund		(3,170,364	)		1,780,496			1,389,868
Small/Mid Cap Equity HLS Fund		7			(445,056	)		445,049
SmallCap Growth HLS Fund		(15	)		(575,291	)		575,306
Stock HLS Fund		—			(804,548	)		804,548
Total Return Bond HLS Fund		(658,096	)		(20,560,590	)		21,218,686
Ultrashort Bond HLS Fund		(31,418	)		380,407			(348,989	)
U.S. Government Securities HLS Fund		(8,107	)		1,030,384			(1,022,277	)
Value HLS Fund		—			(431,509	)		431,509

Capital Loss Carryforward – On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which made changes to the capital loss carryforward rules. The changes are effective for taxable years beginning after the date of enactment. Under the Act, funds are permitted to carry forward capital losses for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under prior regulation.

At December 31, 2015 (tax year end), the capital loss carryforwards for U.S. federal income tax purposes were as follows:


	Year of Expiration						Unlimited Short-Term Capital Loss Carryforward		Unlimited Long-Term Capital Loss Carryforward
Fund	2016		2017		2018		Unlimited Short-Term Capital Loss Carryforward		Unlimited Long-Term Capital Loss Carryforward
Balanced HLS Fund	$	—	$	199,060,323	$	—	$	—	$	—
High Yield HLS Fund		—		9,709,378		—		5,107,458		6,903,999
International Opportunities HLS Fund		94,110,553		287,600,120		—		—		—
Stock HLS Fund		—		260,419,400		—		—		—
Ultrashort Bond HLS Fund		—		—		—		102,506		239,976
U.S. Government Securities HLS Fund		—		25,163,377		58,149,395		42,739		30,429,397


		241

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

During the year ended December 31, 2015, the Balanced HLS Fund, International Opportunities HLS Fund, Stock HLS Fund and U.S. Government Securities HLS Fund utilized $211,517,148, $38,493,972, $155,434,160 and $5,276,739 of prior year capital loss carryforwards, respectively.

Accounting for Uncertainty in Income Taxes – Pursuant to provisions set forth by U.S. GAAP, Hartford Funds Management Company, LLC (“HFMC”) reviews each Fund’s tax positions for all open tax years. As of December 31, 2015, HFMC had reviewed the open tax years and concluded that there was no reason to record a liability for net unrecognized tax obligations relating to uncertain income tax positions. Each Fund files U.S. tax returns. Although the statute of limitations for examining a Fund’s U.S. tax returns remains open for 3 years, no examination is currently in progress. HFMC is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax obligations will significantly change in the next twelve months.

7.	Expenses:

Investment Management Agreement – HFMC serves as each Fund’s investment manager. Each Company, on behalf of its respective Funds, has entered into an Investment Management Agreement with HFMC. HFMC is an indirect subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”). HFMC has overall investment supervisory responsibility for each Fund. In addition, HFMC provides administrative personnel, services, equipment, facilities and office space for proper operation of each Fund. HFMC has contracted with Wellington Management Company LLP (“Wellington Management”) under a sub-advisory agreement for the provision of day-to-day investment management services to each Fund in accordance with each Fund’s investment objective and policies. Each Fund pays a fee to HFMC, a portion of which may be used to compensate Wellington Management.

The schedule below reflects the rates of compensation paid to HFMC for investment management services rendered as of December 31, 2015; the rates are accrued daily and paid monthly based on each Fund’s average daily net assets, at the following annual rates:


Fund		Management Fee Rates
Balanced HLS Fund		0.6800% on first $250 million and;
		0.6550% on next $250 million and;
		0.6450% on next $500 million and;
		0.5950% on next $4 billion and;
		0.5925% on next $5 billion and;
		0.5900% over $10 billion

Capital Appreciation HLS Fund		0.7750% on first $250 million and;
		0.7250% on next $250 million and;
		0.6750% on next $500 million and;
		0.6250% on next $1.5 billion and;
		0.6200% on next $2.5 billion and;
		0.6150% on next $5 billion and;
		0.6100% over $10 billion

Disciplined Equity HLS Fund		0.7750% on first $250 million and;
		0.7250% on next $250 million and;
		0.6750% on next $500 million and;
		0.6250% on next $4 billion and;
		0.6225% on next $5 billion and;
		0.6200% over $10 billion

Dividend and Growth HLS Fund		0.7750% on first $250 million and;
		0.7250% on next $250 million and;
		0.6750% on next $500 million and;
		0.6250% on next $1.5 billion and;
		0.6200% on next $2.5 billion and;
		0.6150% on next $5 billion and;
		0.6100% over $10 billion


		242

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015


Fund		Management Fee Rates
Global Growth HLS Fund		0.7750% on first $250 million and;
		0.7250% on next $250 million and;
		0.6750% on next $500 million and;
		0.6250% on next $4 billion and;
		0.6225% on next $5 billion and;
		0.6200% over $10 billion

Growth Opportunities HLS Fund		0.7000% on first $100 million and;
		0.6000% on next $4.9 billion and;
		0.5975% on next $5 billion and;
		0.5950% over $10 billion

Healthcare HLS Fund		0.8500% on first $250 million and;
		0.8000% on next $250 million and;
		0.7500% on next $4.5 billion and;
		0.7475% on next $5 billion and;
		0.7450% over $10 billion

High Yield HLS Fund		0.7000% on first $500 million and;
		0.6750% on next $500 million and;
		0.6250% on next $1.5 billion and;
		0.6150% on next $2.5 billion and;
		0.6050% on next $5 billion and;
		0.5950% over $10 billion

International Opportunities HLS Fund		0.7750% on first $250 million and;
		0.7250% on next $250 million and;
		0.6750% on next $500 million and;
		0.6250% on next $1.5 billion and;
		0.6200% on next $2.5 billion and;
		0.6150% on next $5 billion and;
		0.6100% over $10 billion

MidCap HLS Fund		0.7750% on first $250 million and;
		0.7250% on next $250 million and;
		0.6750% on next $500 million and;
		0.6250% on next $4 billion and;
		0.6225% on next $5 billion and;
		0.6200% over $10 billion

MidCap Value HLS Fund		0.8000% on first $500 million and;
		0.7250% on next $500 million and;
		0.6750% on next $1.5 billion and;
		0.6700% on next $2.5 billion and;
		0.6650% on next $5 billion and;
		0.6600% over $10 billion

Small Company HLS Fund		0.7750% on first $250 million and;
		0.7250% on next $250 million and;
		0.6750% on next $500 million and;
		0.6000% on next $500 million and;
		0.5500% on next $3.5 billion and;
		0.5300% on next $5 billion and;
		0.5200% over $10 billion


		243

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015


Fund		Management Fee Rates
Small/Mid Cap Equity HLS Fund		0.8000% on first $500 million and;
		0.7500% on next $500 million and;
		0.7000% on next $2 billion and;
		0.6900% on next $2 billion and;
		0.6800% on next $5 billion and;
		0.6700% over $10 billion

SmallCap Growth HLS Fund		0.7000% on first $100 million and;
		0.6000% on next $4.9 billion and;
		0.5800% on next $5 billion and;
		0.5700% over $10 billion

Stock HLS Fund		0.5250% on first $250 million and;
		0.5000% on next $250 million and;
		0.4750% on next $500 million and;
		0.4500% on next $4 billion and;
		0.4475% on next $5 billion and;
		0.4450% over $10 billion

Total Return Bond HLS Fund		0.5250% on first $250 million and;
		0.5000% on next $250 million and;
		0.4750% on next $500 million and;
		0.4500% on next $1.5 billion and;
		0.4450% on next $2.5 billion and;
		0.4300% on next $5 billion and;
		0.4200% over $10 billion

Ultrashort Bond HLS Fund		0.4000% on first $5 billion and;
		0.3800% on next $5 billion and;
		0.3700% over $10 billion

U.S. Government Securities HLS Fund		0.4500% on first $500 million and;
		0.4450% on next $500 million and;
		0.4400% on next $1.5 billion and;
		0.4350% on next $2.5 billion and;
		0.4300% on next $5 billion and;
		0.4200% over $10 billion

Value HLS Fund		0.7750% on first $250 million and;
		0.7250% on next $250 million and;
		0.6750% on next $500 million and;
		0.6250% on next $1.5 billion and;
		0.6200% on next $2.5 billion and;
		0.6150% on next $5 billion and;
		0.6100% over $10 billion

HFMC contractually agreed to waive investment management fees of 0.02% of average daily net assets until December 31, 2016, for the Balanced HLS Fund.


		244

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

Accounting Services Agreement – Pursuant to the Fund Accounting Agreement between HFMC and each Company, on behalf of its respective Funds, HFMC provides accounting services to each Fund and receives monthly compensation based on each Fund’s average daily net assets at the rates set forth below. Each Fund’s accounting services fees are accrued daily and paid monthly.


Fund		Accounting Services Fee Rates
Balanced HLS Fund		0.016% on first $5 billion and;
		0.013% on next $5 billion and;
		0.010% over $10 billion

Capital Appreciation HLS Fund		0.018% on first $5 billion and;
		0.014% on next $5 billion and;
		0.010% over $10 billion

Disciplined Equity HLS Fund		0.012% on first $5 billion and;
		0.010% over $5 billion

Dividend and Growth HLS Fund		0.012% on first $5 billion and;
		0.010% over $5 billion

Global Growth HLS Fund		0.014% on first $5 billion and;
		0.012% on next $5 billion and;
		0.010% over $10 billion

Growth Opportunities HLS Fund		0.010% on all assets

Healthcare HLS Fund		0.010% on all assets

High Yield HLS Fund		0.020% on first $5 billion and;
		0.015% on next $5 billion and;
		0.010% over $10 billion

International Opportunities HLS Fund		0.016% on first $5 billion and;
		0.013% on next $5 billion and;
		0.010% over $10 billion

MidCap HLS Fund		0.010% on all assets

MidCap Value HLS Fund		0.010% on all assets

Small Company HLS Fund		0.012% on first $5 billion and;
		0.010% over $5 billion

Small/Mid Cap Equity HLS Fund		0.014% on first $5 billion and;
		0.012% on next $5 billion and;
		0.010% over $10 billion

SmallCap Growth HLS Fund		0.012% on first $5 billion and;
		0.010% over $5 billion

Stock HLS Fund		0.010% on all assets

Total Return Bond HLS Fund		0.020% on first $5 billion and;
		0.015% on next $5 billion and;
		0.010% over $10 billion

Ultrashort Bond HLS Fund		0.010% on all assets

U.S. Government Securities HLS Fund		0.012% on first $5 billion and;
		0.010% over $5 billion

Value HLS Fund		0.010% on all assets


		245

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

Effective January 1, 2015, HFMC has delegated certain accounting and administrative services functions to State Street Bank and Trust Company (“State Street”). The costs and expenses of such delegation are borne by HFMC, not by the Funds, and HFMC compensates State Street for its services out of its own resources.

Operating Expenses – Allocable expenses incurred by each Company are allocated to each Fund, as applicable, and allocated to classes within each Fund in proportion to the average daily net assets of each Fund and each class, except where allocation of certain expenses is more fairly made directly to each Fund or to specific classes within a Fund.

Fees Paid Indirectly – Hartford HLS Series Fund II, Inc., on behalf of its series except U.S. Government Securities HLS Fund, and Hartford Series Fund, Inc., on behalf of its series except High Yield HLS Fund, Total Return Bond HLS Fund and Ultrashort Bond HLS Fund, have entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of the Funds’ expenses. In addition, the Funds’ custodian bank has agreed to reduce its fees when a Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended December 31, 2015, these amounts, if any, are included in the Statements of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers reflecting the reduction for fees paid indirectly for the period is as follows:


Fund	Class IA			Class IB			Class IC
Balanced HLS Fund		0.63	%		0.88	%		—
Capital Appreciation HLS Fund		0.66	%		0.91	%		1.17	%
Disciplined Equity HLS Fund		0.76	%		1.01	%		—
Dividend & Growth HLS Fund		0.67	%		0.92	%		—
Global Growth HLS Fund		0.81	%		1.06	%		—
Growth Opportunities HLS Fund		0.64	%		0.89	%		1.16	%
Healthcare HLS Fund		0.86	%		1.11	%		—
High Yield HLS Fund		0.76	%		1.01	%		—
International Opportunities HLS Fund		0.74	%		0.99	%		—
MidCap HLS Fund		0.70	%		0.95	%		—
MidCap Value HLS Fund		0.84	%		1.09	%		—
Small Company HLS Fund		0.71	%		0.96	%		—
Small/Mid Cap Equity HLS Fund		0.88	%		1.13	%		—
SmallCap Growth HLS Fund		0.65	%		0.90	%		—
Stock HLS Fund		0.51	%		0.76	%		—
Total Return Bond HLS Fund		0.51	%		0.76	%		—
Ultrashort Bond HLS Fund		0.43	%		0.68	%		—
U.S. Government Securities HLS Fund		0.49	%		0.74	%		—
Value HLS Fund		0.78	%		1.03	%		—

Distribution Plans for Class IB and Class IC Shares – Hartford Funds Distributors, LLC (“HFD”), an indirect subsidiary of The Hartford, is the principal underwriter and distributor of each Fund. Each Company, on behalf of its respective Funds, has adopted a Distribution Plan pursuant to Rule 12b-1 of the 1940 Act for Class IB shares and each Company, on behalf of certain Funds, has adopted a Distribution Plan pursuant to Rule 12b-1 of the 1940 Act for Class IC shares.

Pursuant to the Class IB Distribution Plans, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets of the Fund attributable to its Class IB shares for distribution financing activities and shareholder account servicing activities. The entire amount of the fee may be used for shareholder servicing expenses and/or distribution expenses. Pursuant to the Class IC Distribution Plans, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets of the Fund attributable to its Class IC shares for distribution financing activities.

Each Board has the authority to suspend or reduce these payments at any point in time. The distribution fees paid during the period can be found on the Statements of Operations. These fees are accrued daily and paid monthly or at such other intervals as each Company’s Board of Directors may determine.


		246

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

Administrative Services Fee for Class IC Shares – Certain Funds may pay an administrative services fee to third party insurance companies up to 0.25% of the average daily net assets of the Fund attributable to its Class IC shares for recordkeeping and/or other administrative services provided to such Class IC shares. The total administrative services fees paid during the period are shown on the Statements of Operations. These fees are accrued daily and paid monthly.

Other Related Party Transactions – Certain officers of each Company are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended December 31, 2015, a portion of each Company’s Chief Compliance Officer’s compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to each Fund, as represented in other expenses on the Statement of Operations, is outlined in the table below. Hartford Administrative Services Company (“HASCO”), an indirect subsidiary of The Hartford, provides transfer agent services to each Fund. Pursuant to a sub-transfer agency agreement between HASCO and Boston Financial Data Services, Inc. (“BFDS”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to BFDS. HASCO is compensated per fund fee annually, plus out of pocket expenses for providing such services, a portion of which may be used to compensate BFDS. The amount paid to HASCO can be found in the Statements of Operations. These fees are accrued daily and paid monthly.


Fund	CCO Compensation Paid By Fund
Balanced HLS Fund	$	5,434
Capital Appreciation HLS Fund		13,778
Disciplined Equity HLS Fund		1,608
Dividend and Growth HLS Fund		7,486
Global Growth HLS Fund		1,035
Growth Opportunities HLS Fund		2,974
Healthcare HLS Fund		906
High Yield HLS Fund		727
International Opportunities HLS Fund		2,860
Midcap HLS Fund		3,814
MidCap Value HLS Fund		838
Small Company HLS Fund		2,621
Small/Mid Cap Equity HLS Fund		211
SmallCap Growth HLS Fund		2,438
Stock HLS Fund		3,336
Total Return Bond HLS Fund		5,904
Ultrashort Bond HLS Fund		1,533
U.S. Government Securities HLS Fund		1,083
Value HLS Fund		1,130


		247

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

8.	Affiliate Holdings:

As of December 31, 2015, affiliates of The Hartford had ownership of shares in each Fund as follows:

Percentage of Class:


Fund	Class IA		Class IB		Class IC
Balanced HLS Fund		—		—		—
Capital Appreciation HLS Fund		—		—		1	%
Disciplined Equity HLS Fund		—		—		—
Dividend & Growth HLS Fund		—		—		—
Global Growth HLS Fund		—		—		—
Growth Opportunities HLS Fund		—		—		1	%
Healthcare HLS Fund		—		—		—
High Yield HLS Fund		—		—		—
International Opportunities HLS Fund		—		—		—
MidCap HLS Fund		—		—		—
MidCap Value HLS Fund		—		—		—
Small Company HLS Fund		—		—		—
Small/Mid Cap Equity HLS Fund		—		—		—
SmallCap Growth HLS Fund		—		—		—
Stock HLS Fund		—		—		—
Total Return Bond HLS Fund		—		—		—
Ultrashort Bond HLS Fund		—		—		—
U.S. Government Securities HLS Fund		—		—		—
Value HLS Fund		—		—		—

Percentage of Fund:

Fund

Class IA

Class IB

Class IC

Balanced HLS Fund

—

Capital Appreciation HLS Fund

—

Disciplined Equity HLS Fund

—

Dividend & Growth HLS Fund

—

Global Growth HLS Fund

—

Growth Opportunities HLS Fund

—

Healthcare HLS Fund

—

High Yield HLS Fund

—

International Opportunities HLS Fund

—

MidCap HLS Fund

—

MidCap Value HLS Fund

—

Small Company HLS Fund

—

Small/Mid Cap Equity HLS Fund

—

SmallCap Growth HLS Fund

—

Stock HLS Fund

—

Total Return Bond HLS Fund

—

Ultrashort Bond HLS Fund

—

U.S. Government Securities HLS Fund

—

Value HLS Fund

—

Percentage rounds to zero.


		248

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

9.	Investment Transactions:

For the year ended December 31, 2015, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:


Fund	Cost of Purchases Excluding U.S. Government Obligations		Sales Proceeds Excluding U.S. Government Obligations
Balanced HLS Fund	$	388,421,005	$	573,738,746
Capital Appreciation HLS Fund	$	5,023,702,003	$	5,995,120,798
Disciplined Equity HLS Fund	$	226,419,339	$	388,575,607
Dividend & Growth HLS Fund	$	718,996,823	$	1,189,333,527
Global Growth HLS Fund	$	322,830,433	$	361,499,586
Growth Opportunities HLS Fund	$	1,504,897,682	$	1,652,410,282
Healthcare HLS Fund	$	174,703,123	$	150,360,494
High Yield HLS Fund	$	129,466,527	$	183,679,251
International Opportunities HLS Fund	$	946,311,274	$	1,091,343,330
MidCap HLS Fund	$	694,160,202	$	647,111,871
MidCap Value HLS Fund	$	122,988,214	$	189,857,839
Small Company HLS Fund	$	1,244,009,120	$	1,338,008,307
Small/Mid Cap Equity HLS Fund	$	88,392,913	$	107,376,273
SmallCap Growth HLS Fund	$	998,342,474	$	517,282,149
Stock HLS Fund	$	373,048,153	$	594,355,603
Total Return Bond HLS Fund	$	1,631,480,221	$	1,515,520,091
Ultrashort Bond HLS Fund	$	144,840,751	$	299,004,079
U.S. Government Securities HLS Fund	$	58,008,431	$	64,505,699
Value HLS Fund	$	106,475,701	$	174,851,673


Fund	Cost of Purchases For U.S. Government Obligations		Sales Proceeds For U.S. Government Obligations
Balanced HLS Fund	$	92,693,901	$	255,229,316
Capital Appreciation HLS Fund	$	—	$	—
Disciplined Equity HLS Fund	$	—	$	—
Dividend & Growth HLS Fund	$	—	$	—
Global Growth HLS Fund	$	—	$	—
Growth Opportunities HLS Fund	$	—	$	—
Healthcare HLS Fund	$	—	$	—
High Yield HLS Fund	$	—	$	—
International Opportunities HLS Fund	$	—	$	—
MidCap HLS Fund	$	—	$	—
MidCap Value HLS Fund	$	—	$	—
Small Company HLS Fund	$	—	$	—
Small/Mid Cap Equity HLS Fund	$	—	$	—
SmallCap Growth HLS Fund	$	—	$	—
Stock HLS Fund	$	—	$	—
Total Return Bond HLS Fund	$	878,127,739	$	1,054,977,349
Ultrashort Bond HLS Fund	$	127,123,325	$	142,683,907
U.S. Government Securities HLS Fund	$	185,509,119	$	214,640,858
Value HLS Fund	$	—	$	—


		249

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015


Fund	Total Cost of Purchases		Total Sales Proceeds
Balanced HLS Fund	$	481,114,906	$	828,968,062
Capital Appreciation HLS Fund	$	5,023,702,003	$	5,995,120,798
Disciplined Equity HLS Fund	$	226,419,339	$	388,575,607
Dividend & Growth HLS Fund	$	718,996,823	$	1,189,333,527
Global Growth HLS Fund	$	322,830,433	$	361,499,586
Growth Opportunities HLS Fund	$	1,504,897,682	$	1,652,410,282
Healthcare HLS Fund	$	174,703,123	$	150,360,494
High Yield HLS Fund	$	129,466,527	$	183,679,251
International Opportunities HLS Fund	$	946,311,274	$	1,091,343,330
MidCap HLS Fund	$	694,160,202	$	647,111,871
MidCap Value HLS Fund	$	122,988,214	$	189,857,839
Small Company HLS Fund	$	1,244,009,120	$	1,338,008,307
Small/Mid Cap Equity HLS Fund	$	88,392,913	$	107,376,273
SmallCap Growth HLS Fund	$	998,342,474	$	517,282,149
Stock HLS Fund	$	373,048,153	$	594,355,603
Total Return Bond HLS Fund	$	2,509,607,960	$	2,570,497,440
Ultrashort Bond HLS Fund	$	271,964,076	$	441,687,986
U.S. Government Securities HLS Fund	$	243,517,550	$	279,146,557
Value HLS Fund	$	106,475,701	$	174,851,673

For the year ended December 31, 2015, MidCap HLS Fund engaged in security transactions with The Hartford MidCap Fund. These amounted to $75,098,511 in purchases of investments, which are included in the above.

10.

Capital Share Transactions:

The following information is for the year ended December 31, 2015, and the year ended December 31, 2014:


Balanced HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		469,371		$	12,840,849			1,016,227		$	26,555,626
Shares Issued for Reinvested Dividends		1,613,469			43,115,909			1,665,575			45,323,982
Shares Redeemed		(13,603,501	)		(371,124,721	)		(18,917,889	)		(493,775,737	)

Net Increase (Decrease)		(11,520,661	)		(315,167,963)			(16,236,087	)		(421,896,129	)

Class IB
Shares Sold		139,993		$	3,867,458			126,694		$	3,392,605
Shares Issued for Reinvested Dividends		184,225			4,997,202			197,051			5,428,017
Shares Redeemed		(2,369,687	)		(65,344,297	)		(2,837,831	)		(74,968,148	)

Net Increase (Decrease)		(2,045,469	)		(56,479,637	)		(2,514,086	)		(66,147,526	)

Total Net Increase (Decrease)		(13,566,130	)	$	(371,647,600)			(18,750,173	)	$	(488,043,655)


		250

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015


Capital Appreciation HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		3,266,797		$	165,572,633			6,700,296		$	401,262,093
Shares Issued for Reinvested Dividends		26,063,902			1,196,703,908			18,007,312			997,893,277
Shares Redeemed		(19,316,788	)		(1,015,737,819)			(24,279,839	)		(1,433,686,002	)

Net Increase (Decrease)		10,013,911			346,538,722			427,767			(34,530,632	)

Class IB
Shares Sold		172,518		$	8,688,942			188,821		$	10,782,159
Shares Issued for Reinvested Dividends		3,043,632			137,948,750			2,189,104			120,021,912
Shares Redeemed		(2,715,739	)		(139,784,790	)		(4,656,944	)		(272,505,170	)

Net Increase (Decrease)		500,411			6,852,902			(2,279,019	)		(141,701,099	)

Class IC
Shares Sold		284,973		$	14,624,663			61,928		$	3,444,399
Shares Issued for Reinvested Dividends		53,375			2,435,033			2,122			117,200
Shares Redeemed		(34,820	)		(1,661,177	)		(794	)		(43,794	)

Net Increase (Decrease)		303,528			15,398,519			63,256			3,517,805

Total Net Increase (Decrease)		10,817,850		$	368,790,143			(1,787,996	)	$	(172,713,926	)

Disciplined Equity HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		589,196		$	10,439,373			403,695		$	8,011,289
Shares Issued for Reinvested Dividends		13,406,784			213,986,540			564,317			11,917,305
Shares Redeemed		(7,325,609	)		(141,925,976	)		(10,159,438	)		(196,512,486)

Net Increase (Decrease)		6,670,371			82,499,937			(9,191,426	)		(176,583,892	)

Class IB
Shares Sold		168,976		$	2,946,000			178,285		$	3,578,777
Shares Issued for Reinvested Dividends		1,914,322			30,274,969			70,541			1,482,159
Shares Redeemed		(1,292,932	)		(25,084,582	)		(1,587,375	)		(30,468,557	)

Net Increase (Decrease)		790,366			8,136,387			(1,338,549	)		(25,407,621	)

Total Net Increase (Decrease)		7,460,737		$	90,636,324			(10,529,975	)	$	(201,991,513	)


		251

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015


Dividend & Growth HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		2,257,878		$	56,525,716			2,824,776		$	77,988,414
Shares Issued for Reinvested Dividends		21,995,067			503,458,112			18,649,934			492,460,367
Shares Redeemed		(21,218,821	)		(531,488,308	)		(28,061,477	)		(774,792,328	)

Net Increase (Decrease)		3,034,124			28,495,520			(6,586,767	)		(204,343,547	)

Class IB
Shares Sold		395,051		$	9,477,984			393,364		$	10,839,363
Shares Issued for Reinvested Dividends		3,302,608			75,299,375			3,058,738			80,391,967
Shares Redeemed		(3,972,074	)		(99,357,475	)		(5,789,235	)		(156,635,532	)

Net Increase (Decrease)		(274,415	)		(14,580,116	)		(2,337,133	)		(65,404,202	)

Total Net Increase (Decrease)		2,759,709		$	13,915,404			(8,923,900	)	$	(269,747,749	)

Global Growth HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		935,076		$	23,257,954			647,760		$	12,573,961
Issued in Merger		—			—			2,474,082			60,232,275
Shares Issued for Reinvested Dividends		802,612			19,872,670			76,202			1,805,993
Shares Redeemed		(2,017,988	)		(49,833,729	)		(2,961,963	)		(67,948,275	)

Net Increase (Decrease)		(280,300	)		(6,703,105	)		236,081			6,663,954

Class IB
Shares Sold		272,638		$	6,866,485			178,451		$	4,066,109
Issued in Merger		—			—			1,052,659			24,367,487
Shares Issued for Reinvested Dividends		179,743			4,418,091			10,302			242,510
Shares Redeemed		(812,324	)		(19,908,755	)		(896,014	)		(20,396,513	)

Net Increase (Decrease)		(359,943	)		(8,624,179	)		345,398			8,279,593

Total Net Increase (Decrease)		(640,243	)	$	(15,327,284)			581,479		$	14,943,547


		252

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015


Growth Opportunities HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		1,044,247		$	39,449,289			495,381		$	18,295,216
Issued in Merger		—			—			3,721,842			160,101,000
Shares Issued for Reinvested Dividends		7,007,351			247,639,819			5,256,708			194,393,056
Shares Redeemed		(4,659,838	)		(181,701,168)			(5,564,784	)		(224,530,390)

Net Increase (Decrease)		3,391,760			105,387,940			3,909,147			148,258,882

Class IB
Shares Sold		405,871		$	15,372,728			244,740		$	11,340,021
Issued in Merger		—			—			1,470,452			61,940,000
Shares Issued for Reinvested Dividends		979,058			33,542,514			761,955			27,514,208
Shares Redeemed		(914,513	)		(34,771,551	)		(1,053,911	)		(40,690,411	)

Net Increase (Decrease)		470,416			14,143,691			1,423,236			60,103,818

Class IC
Shares Sold		499,835		$	18,859,811			44,659		$	1,714,981
Shares Issued for Reinvested Dividends		64,843			2,276,630			1,247			46,044
Shares Redeemed		(16,081	)		(608,691	)		(1,589	)		(61,812	)

Net Increase (Decrease)		548,597			20,527,750			44,317			1,699,213

Total Net Increase (Decrease)		4,410,773		$	140,059,381			5,376,700		$	210,061,913

Healthcare HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		3,399,145		$	109,589,966			3,202,296		$	90,156,792
Shares Issued for Reinvested Dividends		1,330,488			41,644,271			809,581			21,923,467
Shares Redeemed		(2,879,751	)		(89,869,052	)		(3,456,814	)		(96,028,202	)

Net Increase (Decrease)		1,849,882			61,365,185			555,063			16,052,057

Class IB
Shares Sold		256,484		$	7,997,496			168,747		$	4,602,943
Shares Issued for Reinvested Dividends		255,965			7,763,435			183,076			4,833,193
Shares Redeemed		(445,685	)		(13,476,919	)		(566,277	)		(15,305,987	)

Net Increase (Decrease)		66,764			2,284,012			(214,454	)		(5,869,851	)

Total Net Increase (Decrease)		1,916,646		$	63,649,197			340,609		$	10,182,206


		253

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015


High Yield HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		2,617,181		$	21,697,811			2,977,735		$	26,543,410
Shares Issued for Reinvested Dividends		2,396,567			18,980,813			3,066,972			26,651,985
Shares Redeemed		(9,818,209	)		(81,320,965	)		(11,724,021	)		(104,813,899	)

Net Increase (Decrease)		(4,804,461	)		(40,642,341	)		(5,679,314	)		(51,618,504	)

Class IB
Shares Sold		607,578		$	4,903,841			611,335		$	5,349,431
Shares Issued for Reinvested Dividends		760,729			5,933,685			993,296			8,502,614
Shares Redeemed		(3,703,573	)		(29,754,673	)		(3,248,414	)		(28,595,208	)

Net Increase (Decrease)		(2,335,266	)		(18,917,147	)		(1,643,783	)		(14,743,163	)

Total Net Increase (Decrease)		(7,139,727	)	$	(59,559,488)			(7,323,097	)	$	(66,361,667)

International Opportunities HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		4,351,758		$	63,756,544			11,515,523		$	169,765,678
Shares Issued for Reinvested Dividends		1,200,778			17,879,578			1,907,208			28,436,476
Shares Redeemed		(12,532,632	)		(184,629,876	)		(22,388,196	)		(331,505,772	)

Net Increase (Decrease)		(6,980,096	)		(102,993,754	)		(8,965,465	)		(133,303,618	)

Class IB
Shares Sold		1,065,275		$	16,100,444			2,024,127		$	31,232,954
Shares Issued for Reinvested Dividends		144,330			2,176,492			268,060			4,045,018
Shares Redeemed		(2,491,080	)		(37,270,704	)		(3,236,566	)		(48,501,079	)

Net Increase (Decrease)		(1,281,475	)		(18,993,768	)		(944,379	)		(13,223,107	)

Total Net Increase (Decrease)		(8,261,571	)	$	(121,987,522	)		(9,909,844	)	$	(146,526,725	)


		254

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015


MidCap HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		6,120,970		$	232,038,567			8,940,775		$	344,106,456
Shares Issued for Reinvested Dividends		5,541,888			198,571,970			5,167,625			192,240,024
Shares Redeemed		(7,486,621	)		(279,695,610	)		(8,509,678	)		(329,178,774	)

Net Increase (Decrease)		4,176,237			150,914,927			5,598,722			207,167,706

Class IB
Shares Sold		1,472,929		$	55,008,904			157,530		$	6,043,616
Shares Issued for Reinvested Dividends		362,679			12,792,105			271,843			10,000,370
Shares Redeemed		(951,307	)		(36,505,511	)		(359,225	)		(13,716,831	)

Net Increase (Decrease)		884,301			31,295,498			70,148			2,327,155

Total Net Increase (Decrease)		5,060,538		$	182,210,425			5,668,870		$	209,494,861

MidCap Value HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		449,172		$	6,170,492			730,211		$	11,362,850
Shares Issued for Reinvested Dividends		3,572,628			46,086,897			3,278,942			47,938,129
Shares Redeemed		(4,047,882	)		(58,318,837	)		(4,694,976	)		(72,058,642	)

Net Increase (Decrease)		(26,082	)		(6,061,448	)		(685,823	)		(12,757,663	)

Class IB
Shares Sold		153,855		$	2,252,753			209,789		$	3,313,647
Shares Issued for Reinvested Dividends		1,163,263			14,913,036			1,047,851			15,235,747
Shares Redeemed		(1,467,107	)		(20,389,208	)		(1,650,658	)		(25,363,125	)

Net Increase (Decrease)		(149,989	)		(3,223,419	)		(393,018	)		(6,813,731	)

Total Net Increase (Decrease)		(176,071	)	$	(9,284,867	)		(1,078,841	)	$	(19,571,394	)


		255

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015


Small Company HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		6,717,473		$	150,841,613			6,960,505		$	174,344,804
Shares Issued for Reinvested Dividends		11,998,775			235,415,969			10,086,594			226,746,631
Shares Redeemed		(9,745,990	)		(209,512,224	)		(13,471,628	)		(335,078,168	)

Net Increase (Decrease)		8,970,258			176,745,358			3,575,471			66,013,267

Class IB
Shares Sold		737,248		$	15,492,511			673,404		$	16,295,371
Shares Issued for Reinvested Dividends		1,196,244			22,082,672			1,101,190			23,620,519
Shares Redeemed		(1,518,245	)		(32,011,866	)		(1,776,759	)		(42,502,375	)

Net Increase (Decrease)		415,247			5,563,317			(2,165	)		(2,586,485	)

Total Net Increase (Decrease)		9,385,505		$	182,308,675			3,573,306		$	63,426,782

Small/Mid Cap Equity HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		398,575		$	3,507,708			397,984		$	4,270,334
Shares Issued for Reinvested Dividends		1,968,095			15,705,402			2,261,931			21,171,669
Shares Redeemed		(2,061,224	)		(18,373,275	)		(2,707,830	)		(28,637,339	)

Net Increase (Decrease)		305,446			839,835			(47,916	)		(3,195,336	)

Class IB
Shares Sold		149,538		$	1,423,572			483,494		$	4,653,030
Shares Issued for Reinvested Dividends		431,104			3,422,965			475,499			4,426,898
Shares Redeemed		(818,827	)		(7,315,334	)		(839,380	)		(8,908,741	)

Net Increase (Decrease)		(238,185	)		(2,468,797	)		119,613			171,187

Total Net Increase (Decrease)		67,261		$	(1,628,962)			71,697		$	(3,024,149)


		256

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015


SmallCap Growth HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		19,697,951		$	535,691,497			7,741,148		$	234,726,639
Shares Issued for Reinvested Dividends		2,817,860			75,293,233			3,962,872			104,738,700
Shares Redeemed		(5,815,577	)		(162,067,889	)		(6,070,533	)		(177,423,983	)

Net Increase (Decrease)		16,700,234			448,916,841			5,633,487			162,041,356

Class IB
Shares Sold		4,994,251		$	145,842,507			795,616		$	24,308,467
Shares Issued for Reinvested Dividends		906,232			23,707,028			865,284			22,471,437
Shares Redeemed		(1,488,312	)		(39,637,029	)		(1,315,429	)		(38,885,617	)

Net Increase (Decrease)		4,412,171			129,912,506			345,471			7,894,287

Total Net Increase (Decrease)		21,112,405		$	578,829,347			5,978,958		$	169,935,643

Stock HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		107,875		$	6,926,566			381,671		$	22,943,602
Shares Issued for Reinvested Dividends		395,269			25,254,549			438,709			28,166,569
Shares Redeemed		(3,288,501	)		(210,453,182	)		(5,074,382	)		(304,217,724	)

Net Increase (Decrease)		(2,785,357	)		(178,272,067	)		(4,254,002	)		(253,107,553	)

Class IB
Shares Sold		38,756		$	2,475,585			23,110		$	1,411,089
Shares Issued for Reinvested Dividends		38,043			2,429,965			44,140			2,831,617
Shares Redeemed		(514,770	)		(32,875,813	)		(719,520	)		(42,953,479	)

Net Increase (Decrease)		(437,971	)		(27,970,263	)		(652,270	)		(38,710,773	)

Total Net Increase (Decrease)		(3,223,328	)	$	(206,242,330)			(4,906,272	)	$	(291,818,326)


		257

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015


Total Return Bond HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		10,155,250		$	116,189,984			13,906,174		$	161,254,744
Shares Issued for Reinvested Dividends		13,123,731			144,492,281			8,429,403			97,443,902
Shares Redeemed		(46,945,401	)		(535,205,814	)		(64,593,363	)		(753,674,817	)

Net Increase (Decrease)		(23,666,420	)		(274,523,549	)		(42,257,786	)		(494,976,171	)

Class IB
Shares Sold		691,074		$	7,919,270			1,037,597		$	11,943,691
Shares Issued for Reinvested Dividends		1,529,910			16,767,814			984,627			11,323,208
Shares Redeemed		(6,225,863	)		(70,699,894	)		(7,667,399	)		(88,688,467	)

Net Increase (Decrease)		(4,004,879	)		(46,012,810	)		(5,645,175	)		(65,421,568	)

Total Net Increase (Decrease)		(27,671,299	)	$	(320,536,359	)		(47,902,961	)	$	(560,397,739	)

Ultrashort Bond HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		4,401,670		$	44,094,704			4,545,298		$	45,540,750
Shares Issued for Reinvested Dividends		214,454			2,144,538			—			—
Shares Redeemed		(17,928,559	)		(179,615,432	)		(31,429,195	)		(314,815,438	)

Net Increase (Decrease)		(13,312,435	)		(133,376,190	)		(26,883,897	)		(269,274,688	)

Class IB
Shares Sold		1,221,274		$	12,196,809			1,239,006		$	12,389,812
Shares Issued for Reinvested Dividends		1,036			10,342			—			—
Shares Redeemed		(3,633,565	)		(36,286,423	)		(5,421,181	)		(54,208,090	)

Net Increase (Decrease)		(2,411,255	)		(24,079,272	)		(4,182,175	)		(41,818,278	)

Total Net Increase (Decrease)		(15,723,690	)	$	(157,455,462	)		(31,066,072	)	$	(311,092,966	)


		258

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015


U.S. Government Securities HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		3,407,701		$	35,624,811			2,857,524		$	29,752,648
Shares Issued for Reinvested Dividends		761,539			7,889,540			1,128,686			11,648,041
Shares Redeemed		(9,528,094	)		(99,648,491	)		(12,688,761	)		(132,029,460	)

Net Increase (Decrease)		(5,358,854	)		(56,134,140	)		(8,702,551	)		(90,628,771	)

Class IB
Shares Sold		624,520		$	6,508,978			591,060		$	6,139,192
Shares Issued for Reinvested Dividends		138,582			1,434,327			213,784			2,201,980
Shares Redeemed		(1,914,362	)		(19,961,551	)		(2,974,164	)		(30,852,008	)

Net Increase (Decrease)		(1,151,260	)		(12,018,246	)		(2,169,320	)		(22,510,836	)

Total Net Increase (Decrease)		(6,510,114	)	$	(68,152,386	)		(10,871,871	)	$	(113,139,607	)

Value HLS Fund
	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		2,523,744		$	40,916,505			2,123,997		$	33,647,816
Shares Issued for Reinvested Dividends		1,406,416			22,579,315			454,297			7,727,803
Shares Redeemed		(5,677,276	)		(94,566,512	)		(7,403,103	)		(118,335,543	)

Net Increase (Decrease)		(1,747,116	)		(31,070,692	)		(4,824,809	)		(76,959,924	)

Class IB
Shares Sold		90,344		$	1,476,259			139,305		$	2,240,846
Shares Issued for Reinvested Dividends		244,646			3,929,896			71,208			1,210,174
Shares Redeemed		(1,023,557	)		(17,008,309	)		(1,473,615	)		(23,487,470	)

Net Increase (Decrease)		(688,567	)		(11,602,154	)		(1,263,102	)		(20,036,450	)

Total Net Increase (Decrease)		(2,435,683	)	$	(42,672,846)			(6,087,911	)	$	(96,996,374)

11.

Line of Credit:

Each Fund, together with certain other Hartford Funds, participates in a $350 million committed revolving line of credit facility. The facility is to be used for temporary or emergency purposes. Under the arrangement, the funds are required to own securities having a market value in excess of 300% of the total bank borrowings. The interest rate on borrowings varies depending on the nature of the loan. The facility also requires a fee to be paid based on the amount of the commitment. This commitment fee is allocated to all the funds participating in the line of credit based on the average net assets of the funds. During the year ended December 31, 2015, none of the Funds had borrowings under this facility.

12.

Fund Merger:

Reorganization of Hartford Global Research HLS Fund into Hartford Global Growth HLS Fund: At a meeting held on February 5, 2014, the Board of Directors of Hartford Series Fund, Inc. approved an Agreement and Plan of Reorganization providing for the acquisition of all the assets and liabilities of Hartford Global Research HLS Fund (“Target Fund”) by Hartford Global Growth HLS Fund (“Acquiring Fund”).


		259

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

Under the terms of the Agreement and Plan of Reorganization, the assets and liabilities of the Target Fund were acquired by the Acquiring Fund immediately before the opening of business on June 23, 2014. The Acquiring Fund acquired the assets and liabilities of the Target Fund in exchange for shares in the Acquiring Fund, which were distributed pro rata by the Target Fund to shareholders, in complete liquidation of the Target Fund.

The Acquiring Fund did not acquire any capital loss carryforwards from the Target Fund.

This merger was accomplished by tax free exchange, as detailed below:


	Net assets of Target Fund on June 20, 2014*		Net assets of Acquiring Fund immediately before Merger		Net assets of Acquiring Fund immediately after merger		Target Fund shares exchanged		Acquiring Fund shares issued to the Target Fund’s shareholders
Class IA	$	60,232	$	349,166	$	409,398		4,416		2,474
Class IB		24,368		75,419		99,787		1,789		1,053

Total	$	84,600	$	424,585	$	509,185		6,205		3,527

*	Final day of operations immediately prior to the merger.

The Target Fund had the following unrealized appreciation, accumulated net realized losses and capital stock as of June 20, 2014:


Fund	Undistributed Income		Unrealized Appreciation (Depreciation)		Accumulated Net Realized Gains (Losses)		Capital Stock		Total
Target Fund	$	(42)	$	13,775	$	(482)	$	71,349	$	84,600

Assuming the acquisition had been completed on January 1, 2014, the beginning of the annual reporting period of the Target Fund and the Acquiring Fund, the Acquiring Fund’s pro forma results of operations for the year ended December 31, 2014, were as follows:


Fund	Net Investment Income		Net Gain on Investments		Net Increase in Net Assets Resulting From Operations
Acquiring Fund	$	2,932	$	34,614	$	37,546

Because the combined investment portfolios have been managed as a single integrated portfolio since the acquisition was completed, it is not practical to separate the amounts of revenue and earnings of the Target Fund that have been included in the Acquiring Fund’s Statement of Operations since the merger date.

Reorganization of Hartford Growth HLS Fund into Hartford Growth Opportunities HLS Fund: At a meeting held on February 5, 2014, the Board of Directors of Hartford Series Fund, Inc. and Hartford Series Fund II, Inc. approved an Agreement and Plan of Reorganization providing for the acquisition of all the assets and liabilities of Hartford Growth HLS Fund (“Target Fund”) by Hartford Growth Opportunities HLS Fund (“Acquiring Fund”).

This merger was accomplished by tax free exchange as detailed below:


	Net assets of Target Fund on June 20, 2014		Net assets of Acquiring Fund immediately before merger		Net assets of Acquiring Fund immediately after merger		Target Fund shares exchanged		Acquiring Fund shares issued to the Target Fund’s shareholders
Class IA	$	160,101	$	1,089,960	$	1,250,061		12,545		3,722
Class IB		61,940		110,884		172,824		5,013		1,470

Total	$	222,041	$	1,200,844	$	1,422,885		17,558		5,192


		260

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

The Target Fund had the following unrealized appreciation, accumulated net realized losses and capital stock as of June 20, 2014:


Fund	Undistributed Income		Unrealized Appreciation (Depreciation)		Accumulated Net Realized Gains (Losses)		Capital Stock		Total
Target Fund	$	—	$	55,228	$	(142)	$	166,955	$	222,041


Fund	Net Investment Income		Net Gain on Investments		Net Increase in Net Assets Resulting From Operations
Acquiring Fund	$	1,190	$	87,282	$	88,472

13.

Pending Legal Proceedings:

On February 25, 2011, Jennifer L. Kasilag, Louis Mellinger, Judith M. Menendez, Jacqueline M. Robinson, and Linda A. Russell filed a derivative lawsuit against Hartford Investment Financial Services, LLC (“HIFSCO”) (now known as Hartford Funds Distributors, LLC) on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that HIFSCO received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the 1940 Act when serving as investment manager and principal underwriter, respectively, to the Hartford retail mutual funds. Although this action was purportedly filed on behalf of certain of the Hartford Funds, none of the Hartford Funds is itself a defendant to the suit. HIFSCO moved to dismiss and, in September 2011, the motion was granted in part and denied in part, with leave to amend the complaint. In November 2011, plaintiffs filed an amended complaint on behalf of certain Hartford retail mutual funds, The Hartford Global Health Fund (now known as The Hartford Healthcare Fund), The Hartford Conservative Allocation Fund, The Hartford Growth Opportunities Fund, The Hartford Inflation Plus Fund, The Hartford Advisers Fund (now known as The Hartford Balanced Fund), and The Hartford Capital Appreciation Fund. Plaintiffs seek to rescind the investment management agreements and distribution plans between HIFSCO and these funds and to recover the total fees charged thereunder or, in the alternative, to recover any improper compensation HIFSCO received, in addition to lost earnings. HIFSCO filed a partial motion to dismiss the amended complaint and, in December 2012, the court dismissed without prejudice the claims regarding distribution fees and denied the motion with respect to the advisory fees claims. In March 2014, the plaintiffs filed a new complaint that added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant HFMC, which assumed the role as investment manager to the funds as of January 2013. In March 2015, the plaintiffs filed a new complaint that removed The Hartford Small Company Fund as a plaintiff. HFMC and HIFSCO dispute the allegations and have filed a motion for summary judgment. Plaintiff has filed a motion for partial summary judgment.

No accrual for litigation relating to this matter has been recorded in the financial statements of the Funds because the Funds are not party to the suit.

14.

Reverse Stock Split:

On October 21, 2013 for the Ultrashort Bond HLS Fund, a reverse stock split was declared for the Class IA and Class IB shares at a ten to one ratio. The effect of the reverse stock split was to divide the number of outstanding shares by the reverse split factor, with a corresponding increase in the net asset value per share. The split was executed at the closing rounded NAV as of the prior business day. This transaction did not change the net assets of the Fund and the total value of a shareholder’s investment in the Fund did not change as a result of the reverse stock split. Data presented in the Financial Highlights has been adjusted retroactively to account for the reverse stock split.


		261

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2015

15.

Indemnifications:

Under each Company’s organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and federal securities laws. In addition, each Company, on behalf of its respective Funds, may enter into contracts that contain a variety of indemnifications. Each Company’s maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, each Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

16.

Subsequent Event:

In connection with the preparation of the financial statements of the Funds as of and for the fiscal year ended December 31, 2015, events and transactions subsequent to December 31, 2015, through the date the financial statements were issued have been evaluated by the Funds’ management for possible adjustment and/or disclosure. No subsequent events requiring financial statement adjustment or disclosure have been identified.


		262

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of Hartford Series Fund, Inc. (comprising, respectively, Hartford Balanced HLS Fund, Hartford Capital Appreciation HLS Fund, Hartford Disciplined Equity HLS Fund, Hartford Dividend and Growth HLS Fund, Hartford Global Growth HLS Fund, Hartford Healthcare HLS Fund, Hartford High Yield HLS Fund, Hartford International Opportunities HLS Fund, Hartford MidCap HLS Fund, Hartford MidCap Value HLS Fund, Hartford Small Company HLS Fund, Hartford Stock HLS Fund, Hartford Total Return Bond HLS Fund, Hartford Ultrashort Bond HLS Fund, and Hartford Value HLS Fund) and Hartford HLS Series Fund II, Inc. (comprising, respectively, Hartford Growth Opportunities HLS Fund, Hartford Small/Mid Cap Equity HLS Fund, Hartford SmallCap Growth HLS Fund, and Hartford U.S. Government Securities HLS Fund) (collectively, together with Hartford Series Fund, Inc., the “Companies”), as of December 31, 2015, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the periods indicated therein. These financial statements and financial highlights are the responsibility of the Companies’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Companies’ internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companies’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of December 31, 2015, by correspondence with the custodian and others or by other appropriate auditing procedures where replies from others were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of each of the respective series constituting Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. at December 31, 2015, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the indicated periods, in conformity with U.S. generally accepted accounting principles.

LOGO

New York, New York

February 19, 2016


		263

Hartford HLS Funds

Directors and Officers (Unaudited)

The Board of Directors of Hartford Series Fund, Inc. (“HSF”) and Hartford HLS Series Fund II, Inc. (“HSF2”) (each a “Company” and collectively, the “Companies”) appoints officers who are responsible for the day-to-day operations of each Fund and who execute policies formulated by the Board of Directors of the Companies (each a “Director” and collectively, the “Directors”). Each Director holds an indefinite term until the earlier of (i) the election and qualification of his or her successor or (ii) when the Director turns 75 years of age.

Each Director, with the exception of Mr. Davey, is an independent or disinterested person, which means he or she is not an “interested person” of the Companies, as defined in the Investment Company Act of 1940 (“1940 Act”). Such individuals are commonly referred to as “Independent Directors.” As of December 31, 2015, each Director serves as a director for HSF, HSF2, The Hartford Mutual Funds, Inc., and The Hartford Mutual Funds II, Inc., and as a trustee for The Hartford Alternative Strategies Fund, which, as of December 31, 2015, collectively, consist of 68 funds.¹ Correspondence may be sent to Directors and officers c/o Hartford Funds, 5 Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, Pennsylvania 19087.

The table below sets forth, for each Director and officer, his or her name, year of birth, current position with each Company and date first elected or appointed to HSF and HSF2, principal occupation, and, for Directors, other directorships held. The Funds’ Statement of Additional Information contains further information on the Directors and is available free of charge by calling 1-888-843-7824 or writing to: Hartford HLS Funds, c/o Hartford Life Insurance Company/Hartford Life and Annuity Insurance Company, P.O. Box 14293, Lexington, KY 40512-4293 for variable annuity and variable life insurance separate accounts of Hartford Life Insurance Company and its affiliates; Hartford Funds, P.O. Box 55022, Boston, MA 02205-5022 for all shareholders except variable annuity and variable life insurance separate accounts of Hartford Life Insurance Company and its affiliates.

Information on the aggregate remuneration paid to the Directors of each Company can be found in the Statement of Operations herein.

Non-Interested Directors²

Hilary E. Ackermann (1956) Director since 2014

Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011 and serves as a Director of Dynegy, Inc., an independent power company, from October 2012 to present.

Lynn S. Birdsong (1946) Director since 2003, Chairman of the Investment Committee since 2014

Mr. Birdsong currently serves as a Director of Aberdeen Global and Aberdeen Global II (investment funds) (September 2014 to present) and as a Director of the Sovereign High Yield Investment Company (April 2010 to June 2014). Mr. Birdsong served as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to February 2015). From 2003 to March 2005, Mr. Birdsong was an Independent Director of the Atlantic Whitehall Funds. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm. During his employment with Scudder, Mr. Birdsong was an Interested Director of The Japan Fund. From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm.

Duane E. Hill (1945) Director since 2001 (HSF) and 2002 (HSF2), Chairman of the Nominating Committee since 2003

Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.

Sandra S. Jaffee (1941) Director since 2005, Chairwoman of the Compliance Committee since 2015

Ms. Jaffee is the founder and Chief Executive Officer of a private company, Homeworks Concierge, LLC, which provides residential property management services in Westchester County, New York (January 2012 to present). Ms. Jaffee served as Chairwoman (2008 to 2009) and Chief Executive Officer of Fortent (formerly Searchspace Group), a leading provider of compliance/regulatory technology to financial institutions from August 2005 to August 2009. From August 2004 to August 2005, Ms. Jaffee served as an Entrepreneur in Residence with Warburg Pincus, a private equity firm. Prior to joining Warburg Pincus, Ms. Jaffee served as Executive Vice President at Citigroup, from September 1995 to July 2004, where she was President and Chief Executive Officer of Citibank’s Global Securities Services (1995 to 2003). Ms. Jaffee served as a member of the Board of Directors of Broadridge Financial Solutions (November 2010 to November 2014). Ms. Jaffee currently serves as a member of the Board of Directors of Global Corps Africa (a non-profit organization) (January 2015 to present) as well as a Trustee of Muhlenberg College (September 2007 to present).

¹	Effective as of the opening of business on November 23, 2015, The Hartford Alternative Strategies Fund was liquidated.

Robert M. Gavin, Jr. resigned as a Director of HSF, HSF2, The Hartford Mutual Funds, Inc., and The Hartford Mutual Funds II, Inc., and as a Trustee of The Hartford Alternative Strategies Fund effective August 16, 2015. Mr. Gavin had been a Director of HSF since 2002 and HSF2 since 1986, and Chairman of the Board for each since 2004.


		264

Hartford HLS Funds

Directors and Officers (Unaudited) – (continued)

William P. Johnston (1944) Director since 2005, Chairman of the Board since 2015, Chairman of the Contracts Committee since 2015

Mr. Johnston served as Chairman of the Compliance Committee from 2005 to 2015. In June 2006, he was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director (July 2006 to August 2010). In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served as a Director (August 2007 to June 2013). In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.

Phillip O. Peterson (1944) Director since 2002 (HSF) and 2000 (HSF2), Chairman of the Audit Committee since 2002

Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. Mr. Peterson joined William Blair Funds in February 2007 as a member of the Board of Trustees. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.

Lemma W. Senbet (1946) Director since 2005

Dr. Senbet is the William E. Mayer Chair Professor of Finance and Founding Director, Center for Financial Policy, at the University of Maryland, Robert H. Smith School of Business. He was chair of the Finance Department of the University of Maryland, Robert H. Smith School of Business from 1998 to 2006. Since June 2013, he has been on leave from the University to serve as Executive Director of African Economic Research Consortium which focuses on economic policy research and training. Previously, he was a chaired professor of finance at the University of Wisconsin-Madison. Also, he was a Director of the Fortis Funds from March 2000 to July 2002. Dr. Senbet served as Director of the American Finance Association and President of the Western Finance Association. In 2006, Dr. Senbet was inducted Fellow of Financial Management Association International for his career-long distinguished scholarship and professional service.

Interested Directors and Officers

James E. Davey (1964) Director since 2012, President and Chief Executive Officer since 2010

Mr. Davey serves as Executive Vice President of Hartford Life Insurance Company (“HLIC”) and The Hartford. Additionally, Mr. Davey serves as Chairman of the Board, Manager and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as Manager, Chairman of the Board and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”) and Director, Chairman of the Board and Senior Managing Director for Hartford Funds Management Group, Inc. (“HFMG”). Mr. Davey has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Davey joined The Hartford in 2002.

Other Officers

Andrew S. Decker (1963) AML Compliance Officer since 2015

Mr. Decker currently serves as Chief Compliance Officer and AML Compliance Officer of HASCO and as AML Officer of HFD. Prior to joining The Hartford, Mr. Decker served as Vice President and AML Officer at Janney Montgomery Scott (a broker dealer) from April 2011 to January 2015. Mr. Decker served as AML Compliance and Sanctions Enforcement Officer at SEI Investments from December 2007 to April 2011.

Michael Flook (1965) Vice President, Treasurer and Controller since 2015

Mr. Flook currently serves as an employee of HFMG. Mr. Flook served as Assistant Treasurer for each Company, The Hartford Alternative Strategies Fund, The Hartford Mutual Funds, Inc., and The Hartford Mutual Funds II, Inc. from February 2015 to March 2015. Mr. Flook joined The Hartford in 2014. Prior to joining The Hartford, Mr. Flook served as Director, Vice President and Assistant Treasurer at UBS Global Asset Management from May 2006 to November 2014.


		265

Hartford HLS Funds

Directors and Officers (Unaudited) – (continued)

Edward P. Macdonald (1967) Vice President, Secretary and Chief Legal Officer since 2005

Mr. Macdonald currently serves as Assistant Secretary, Executive Vice President and Deputy General Counsel of HFD, HASCO, HFMC and HFMG. He also serves as Vice President of HLIC. Mr. Macdonald has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Macdonald joined The Hartford in 2005.

Joseph G. Melcher (1973) Vice President and Chief Compliance Officer since 2013

Mr. Melcher currently serves as Executive Vice President of HFD, HFMG and HASCO. Mr. Melcher also currently serves as Executive Vice President and Chief Compliance Officer of HFMC. Mr. Melcher has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds since joining The Hartford in 2012. Prior to joining The Hartford, Mr. Melcher worked at Touchstone Investments, a member of the Western & Southern Financial Group, where he held the position of Vice President and Chief Compliance Officer from 2010 through 2012 and Assistant Vice President, Compliance from 2005 to 2010.

Vernon J. Meyer (1964) Vice President since 2006

Mr. Meyer currently serves as Senior Vice President of HLIC. He also currently serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG. Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.

Laura S. Quade (1969) Vice President since 2012

Ms. Quade currently serves as Vice President of HASCO, HFD and HFMG. She is the Head of Operations of HASCO and formerly served as Director, Enterprise Operations of HLIC. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.

HOW TO OBTAIN A COPY OF EACH FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that each Fund uses to determine how to vote proxies relating to portfolio securities and information about how each Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

Each Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Each Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov. The Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.


		266

Hartford HLS Funds

Federal Tax Information (Unaudited)

For the fiscal year ended December 31, 2015, there is no further federal tax information required for these Funds.


		267

Hartford HLS Funds

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.

Hartford Balanced HLS Fund

Hartford Capital Appreciation HLS Fund

Hartford Disciplined Equity HLS Fund

Hartford Dividend and Growth HLS Fund

Hartford Global Growth HLS Fund

Hartford Growth Opportunities HLS Fund

Hartford Healthcare HLS Fund

Hartford High Yield HLS Fund

Hartford International Opportunities HLS Fund

Hartford MidCap HLS Fund

Hartford MidCap Value HLS Fund

Hartford Small Company HLS Fund

Hartford Small/Mid Cap Equity HLS Fund

Hartford SmallCap Growth HLS Fund

Hartford Stock HLS Fund

Hartford Total Return Bond HLS Fund

Hartford Ultrashort Bond HLS Fund

Hartford U.S. Government Securities HLS Fund

Hartford Value HLS Fund

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 4-5, 2015, the Boards of Directors (collectively, the “Board”) of Hartford Series Fund, Inc. (“HLS”) and Hartford HLS Series Fund II, Inc. (“HLS II”), including each of the Independent Directors, unanimously voted to approve the continuation of the investment management agreement (the “Management Agreements”) between each of HLS and HLS II, on behalf of each of their respective series covered by this Report (each a “Fund” and collectively, the “Funds”), and Hartford Funds Management Company, LLC (“HFMC”) and the continuation of the investment sub-advisory agreement between HFMC and each Fund’s sub-adviser, Wellington Management Company LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) (collectively, the “Agreements”).

In the months preceding the August 4-5, 2015 meeting, the Board requested and reviewed written responses from the Advisers to questions posed to them on behalf of the Independent Directors and supporting materials relating to those questions and responses. In addition, the Board considered such additional information as it deemed reasonably necessary to evaluate the Agreements applicable to each Fund, which included information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the annual approval of the Agreements at the Board’s meetings held on June 16-17, 2015 and August 4-5, 2015. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal and compliance matters, sales and marketing activity, shareholder services, and the other services provided to each Fund by the Advisers and their affiliates. The Board also received in-person presentations by Fund officers and representatives of HFMC at the Board’s meetings on June 16-17, 2015 and August 4-5, 2015 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to each Fund. Lipper Inc. (“Lipper”), an independent provider of investment company data, was retained to provide the Board with reports on how each Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of comparable mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating the Funds’ respective management fees, sub-advisory fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability calculations utilized by HFMC in connection with the continuation of the investment management agreement.

In determining whether to continue the Agreements for a Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant in light of the information that the Board deemed necessary and appropriate through the exercise of its reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue


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the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. A more detailed discussion of the factors the Board considered with respect to its approval of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to each Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Funds, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Funds. The Board considered each Adviser’s reputation and overall financial strength, as well as its willingness to consider and implement organizational and operational changes designed to enhance services to the Hartford Funds. In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Funds and other Hartford Funds.

The Board requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information about each Adviser’s compliance policies and procedures, compliance history, and a report from the Funds’ Chief Compliance Officer on each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators. The Board also noted the Advisers’ support of the Funds’ compliance control structure, as applicable, and, in particular, the resources devoted by the Advisers in support of the Funds’ obligations pursuant to Rule 38a-1 under the 1940 Act.

With respect to HFMC, the Board noted that, under the Management Agreements, HFMC is responsible for the management of the Funds, including oversight of fund operations and service providers, as well as investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford Funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Funds’ approximately 39 portfolio managers. The Board recognized that HFMC has demonstrated a record of making changes to the management and/or strategies of the Hartford Funds when warranted. The Board considered HFMC’s oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades by the Sub-adviser, and approach to risk management with respect to the Funds and the service providers to the Funds. The Board also considered HFMC’s oversight of compliance with each Fund’s objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s services in this regard.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up and the expenses that HFMC had incurred in connection with fund combinations in recent years. The Board considered that HFMC or its affiliates are responsible for providing the Funds’ officers. The Board also noted that Hartford Life Insurance Company (“HLIC”) provides administrative services to the Funds. The Board considered its experiences with HFMC and HLIC with respect to each of these services.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Funds, the Board considered the quality of each Fund’s portfolio manager(s), the Sub-adviser’s other investment personnel, its investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of each Fund’s portfolio manager(s), the number of accounts managed by the portfolio manager(s), and the Sub-adviser’s method for compensating the portfolio manager(s).

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to each Fund by HFMC and the Sub-adviser.

Performance of each Fund and the Advisers

The Board considered the investment performance of each Fund. In this regard, the Board reviewed the performance of each Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Lipper comparing the investment performance of each Fund to an appropriate benchmark and universe of peer funds. For detail regarding each Fund’s performance, see the fund-by-fund synopsis below.

The Board considered the detailed investment analytics reports provided by HFMC’s Investment Advisory Group throughout the year. These reports include, among other things, information on each Fund’s gross and net returns, the Fund’s investment performance relative to an


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appropriate benchmark and peer group, various statistics concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of each Fund at periodic meetings throughout the year. The Board also considered the analysis provided by the Consultant relating to each Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Funds.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to each Fund and HFMC’s profitability, both overall and for each Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to each Fund and all aspects of their relationship with the Fund. The Board also requested and received information relating to the operations and profitability of the Sub-adviser.

The Board considered the Consultant’s review of the profitability calculations used by HFMC in connection with the continuation of the investment management agreement, noting the Consultant’s view that HFMC’s process for calculating and reporting Fund profitability is reasonable. In this regard, the Board noted that the Consultant had previously performed a full review of this process and reported that such process is sound and well within common industry practice.

Based on these considerations, the Board concluded that the profits anticipated to be realized by the Advisers and their affiliates from their relationships with the Funds would not be excessive.

Comparison of Fees and Services Provided by the Advisers

The Board considered comparative information with respect to the management fees to be paid by each Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser with respect to each Fund. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for each Fund, and total operating expenses for each Fund. The Board considered that the management fee for each Fund includes the fee paid to HLIC for providing certain administrative services to the Fund. With respect to each Fund’s sub-advisory fee schedule, the Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a fund-by-fund basis. The Board also reviewed information from Lipper comparing each Fund’s contractual management fees, actual management fees and overall expense ratios relative to a group of funds selected by Lipper, in consultation with the Consultant, and a broader universe of funds selected by Lipper. For detail regarding each Fund’s expenses, see the fund-by-fund synopsis below.

While the Board recognized that comparisons between the Fund and peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Lipper assisted the Board in evaluating the reasonableness of each Fund’s management and sub-advisory fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to each Fund’s management and sub-advisory fees and total operating expenses.

Based on these considerations, the Board concluded that each Fund’s fees and total operating expenses, taking into account the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board requested and considered information regarding the Advisers’ realization of economies of scale with respect to each Fund and whether the fee levels reflect these economies of scale for the benefit of the Fund’s shareholders. The Board reviewed the breakpoints in the management fee schedule for each Fund, if any, which reduce fee rates as the Fund’s assets grow over time. The Board recognized that a fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. The Board noted the effect of the run-off of the variable annuity business on the HLS Funds and also noted that the Hartford Small/Mid Cap Equity HLS Fund’s current low asset levels have kept the Fund from fully realizing the benefits of anticipated or potential economies of scale.


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Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

The Board reviewed and evaluated materials from Lipper and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Lipper, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of each Fund’s shareholders based on currently available information and the effective advisory fees and expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in each Fund’s assets and the appropriateness of additional breakpoints.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Funds, including the role of each Fund in supporting the variable life insurance and variable annuity products offered by The Hartford.

The Board noted that HLIC, an affiliate of HFMC, receives fees for providing certain administrative services to the Funds and that HFMC receives fees for fund accounting and related services from the Funds. The Board considered information on profits to HLIC and HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Funds’ transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Funds, and the Board reviewed information about the profitability of the Funds’ transfer agency function to HASCO. The Board considered information provided by HASCO in support of HASCO’s assertion that the transfer agent fees charged by HASCO to the Funds were fair and reasonable based on publicly available information. The Board also noted that HFMC and HASCO had delegated certain fund accounting services and transfer agency services, respectively, to external service providers.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Funds. As principal underwriter, HFD receives 12b-1 fees from the Funds. The Board also noted that HFD pays 12b-1 fees to affiliated insurance companies that include the Funds as investment options under their variable contracts.

The Board considered the benefits, if any, to the Sub-adviser from any use of a Fund’s brokerage commissions to obtain soft dollar research, and representations from HFMC and the Sub-adviser that the Sub-adviser will not make any revenue-sharing payments or any other type of distribution payments to HFMC or its affiliates.

The Board considered the benefits to shareholders of being part of the Hartford Funds family of funds. The Board considered HFMC’s efforts to provide investors in the fund family with a broad range of investment styles and asset classes.

Fund-by-Fund factors

Hartford Balanced HLS Fund

•

The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-year period and the 2^nd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was in line with its blended custom benchmark for the 1-year period and above its blended custom benchmark for the 3- and 5-year periods.

•

The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile of its expense group. The Board also noted that the Fund has a temporary management fee waiver through December 31, 2015.

Hartford Capital Appreciation HLS Fund

•

The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1-year period, the 2^nd quintile for the 3-year period and the 4^th quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 5-year periods, and above its benchmark for the 3-year period.

•

The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile of its expense group.

Hartford Disciplined Equity HLS Fund

•

The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-, 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods.


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Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

•

The Board noted that the Fund’s contractual management fee and actual management fee were in the 4^th quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile.

Hartford Dividend and Growth HLS Fund

•

The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1- and 3-year periods and the 2^nd quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 5-year periods, and in line with its benchmark for the 3-year period.

•

The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile of its expense group.

Hartford Global Growth HLS Fund

•

The Board noted that the Fund’s contractual management fee and actual management fee were in the 3^rd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile.

Hartford Growth Opportunities HLS Fund

•

The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1- and 3-year periods, and the 2^nd quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods.

•

The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile of its expense group.

Hartford Healthcare HLS Fund

•

The Board noted that the Fund’s performance was in the 4^th quintile of its performance universe for the 1-year period and the 3^rd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods.

•

The Board noted that the Fund’s contractual management fee and actual management fee were in the 3^rd quintile of its expense group, while its total expenses (less 12b- 1 and shareholder service fees) were in the 2nd quintile.

Hartford High Yield HLS Fund

•

The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1- and 3-year periods and the 2^nd quintile for the 5-year period. The Board also noted that the Fund’s performance was in line with its benchmark for the 1-, 3- and 5-year periods.

•

The Board noted that the Fund’s contractual management fee and actual management fee were in the 5^th quintile of its expense group, while its total expenses (less 12b- 1 and shareholder service fees) were in the 4^th quintile.

Hartford International Opportunities HLS Fund

•

The Board noted that the Fund’s performance was in the 2^nd quintile of its performance universe for the 1- and 3-year periods and the 3^rd quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods.

•

The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile of its expense group.

Hartford MidCap HLS Fund

•


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Hartford HLS Funds

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

•

The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile of its expense group.

Hartford MidCap Value HLS Fund

•

The Board noted that the Fund’s performance was in the 4^th quintile of its performance universe for the 1-year period, the 1^st quintile for the 3-year period and the 3^rd quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods.

•

The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile of its expense group.

Hartford Small Company HLS Fund

•

The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-year period, the 2^nd quintile for the 3-year period and the 3^rd quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period and in line with its benchmark for the 3- and 5-year periods.

•

The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile of its expense group.

Hartford Small/Mid Cap Equity HLS Fund

•

The Board noted that the Fund’s performance was in the 4^th quintile of its performance universe for the 1-year period, the 3^rd quintile for the 3-year period and the 2^nd quintile for the 5-year period. The Board also noted that the Fund’s performance was in line with its benchmark for the 1- and 3-year periods and above its benchmark for the 5-year period.

•

The Board noted that the Fund’s contractual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile of its expense group, while its actual management fee was in the 2^nd quintile.

Hartford SmallCap Growth HLS Fund

•

The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile of its expense group.

Hartford Stock HLS Fund

•

The Board noted that the Fund’s performance was in the 4^th quintile of its performance universe for the 1- and 5-year periods and 5^th quintile for the 3-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-, 3- and 5-year periods. The Board considered that, in response to questions raised concerning the Fund’s performance, HFMC stated that it has confidence in the Fund’s portfolio management team and investment strategy.

•

The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile of its expense group.

Hartford Total Return Bond HLS Fund

•

The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1-year period and the 1^st quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was in line with its benchmark for the 1-year period and above its benchmark for the 3- and 5-year periods.

•

The Board noted that the Fund’s contractual management fee and actual management fee were in the 2^nd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile.

Hartford Ultrashort Bond HLS Fund

•

The Board noted that the Fund’s performance was in the 4^th quintile of its performance universe for the 1-year period. The Board also noted that the Fund’s performance was in line with its benchmark for the 1-year period.


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Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

•

The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile of its expense group.

Hartford U.S. Government Securities HLS Fund

•

The Board noted that the Fund’s performance was in the 4^th quintile of its performance universe for the 1-, 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 3-year periods and in line with its benchmark for the 5-year period.

•

Hartford Value HLS Fund

•

The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-year period and the 3^rd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period and in line with its benchmark for the 3- and 5-year periods.

•

The Board noted that the Fund’s contractual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile of its expense group, while its actual management fee was in the 4^th quintile.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of each Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.


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Hartford HLS Funds

Main Risks (Unaudited)

The main risks of investing in each Fund are described below. Each Fund’s Prospectus contains further information on the risks applicable to that Fund.

Active Trading Risk: (Capital Appreciation HLS Fund, Disciplined Equity HLS Fund, Global Growth HLS Fund, Growth Opportunities HLS Fund, High Yield HLS Fund, International Opportunities HLS Fund, Small Company HLS Fund, Small/Mid Cap Equity HLS Fund, SmallCap Growth HLS Fund, Total Return Bond HLS Fund and U.S. Government Securities HLS Fund) Active trading could increase a Fund’s transaction costs.

Asset Allocation Strategy Risk: (Balanced HLS Fund and Capital Appreciation HLS Fund) The portfolio managers’ asset allocation strategy may not always work as intended.

Derivatives Risk: (High Yield HLS Fund, Total Return Bond HLS Fund, U.S. Government Securities HLS Fund and Ultrashort Bond HLS Fund) Derivatives may be riskier or more volatile than other types of investments because they are generally more sensitive to changes in market or economic conditions; risks include currency risk, leverage risk, liquidity risk, index risk, pricing risk, and counterparty risk.

Dividend Paying Security Risk: (Dividend and Growth HLS Fund) For dividend-paying stocks, dividends are not guaranteed and may increase or decrease without notice.

Fixed Income Risk: (Balanced HLS Fund, High Yield HLS Fund, Total Return Bond HLS Fund, U.S. Government Securities HLS Fund and Ultrashort Bond HLS Fund) Fixed-income securities are subject to credit risk, liquidity risk, call risk, and interest-rate risk. As interest rates rise, bond prices generally fall.

Foreign Investment Risk: (Disciplined Equity HLS Fund, Dividend and Growth HLS Fund, Growth Opportunities HLS Fund, High Yield HLS Fund, MidCap HLS Fund, MidCap Value HLS Fund, Small Company HLS Fund, Small/Mid Cap Equity HLS Fund, SmallCap Growth HLS Fund, Stock HLS Fund and Value HLS Fund) Foreign investments can be riskier than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as specific country, regional, and economic developments.

Foreign Investment and Emerging Markets Risk: (Capital Appreciation HLS Fund, Global Growth HLS Fund, Healthcare HLS Fund, International Opportunities HLS Fund and Total Return Bond HLS Fund) Foreign investments can be riskier than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as specific country, regional, and economic developments. These risks are generally greater for investments in emerging markets.

Growth Investing Risk: (Global Growth HLS Fund, Growth Opportunities HLS Fund, Small Company HLS Fund and SmallCap Growth HLS Fund) A Fund’s growth-investing style may become out of favor, which may result in periods of underperformance.

Health Sector Risk: (Healthcare HLS Fund) Risks of focusing investments on the health care sector include regulatory and legal developments, patent considerations, intense competitive pressures, rapid technological changes and potential product obsolescence, and liquidity risk.

Junk Bond Risk: (High Yield HLS Fund) Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher rated debt securities.

Market, Selection and Strategy Risk: (All Funds) A Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. There is no guarantee a Fund will achieve its stated objective. With respect to the Capital Appreciation HLS Fund, Small Company HLS Fund, and SmallCap Growth HLS Fund, the investment styles employed by the portfolio managers may not be complementary, which could adversely affect the performance of the Fund.

Mid-Cap Stock Risk: (Global Growth HLS Fund, Growth Opportunities HLS Fund, International Opportunities HLS Fund, MidCap HLS Fund and MidCap Value HLS Fund) Mid-cap stocks can have greater risk and volatility than large-cap stocks.

Mortgage-Backed Securities Risk: (Balanced HLS Fund, Total Return Bond HLS Fund, U.S. Government Securities HLS Fund and Ultrashort Bond HLS Fund) Mortgage-backed securities are subject to credit risk, interest-rate risk, prepayment risk, and extension risk.

Quantitative Analysis Risk: (Disciplined Equity HLS Fund and Small/Mid Cap Equity HLS Fund) Securities selected by using quantitative analysis may perform differently from the broader stock market.

Reverse Repurchase Agreements and Dollar Rolls Risk: (Ultrashort Bond HLS Fund) The Fund may use dollar rolls and repurchase agreements, which can increase risk and volatility.


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Hartford HLS Funds

Main Risks (Unaudited) – (continued)

Small-Cap Stock Risk: (Small Company HLS Fund and SmallCap Growth HLS Fund) Small-cap stocks can have greater risk and volatility than large-cap stocks.

Small/Mid-Cap Stock Risk: (Capital Appreciation HLS Fund, Healthcare HLS Fund and Small/Mid Cap Equity HLS Fund) Small- and mid-cap stocks can have greater risk and volatility than large-cap stocks.

To Be Announced (TBA) Securities Risk: (Total Return Bond HLS Fund and U.S. Government Securities HLS Fund) A Fund may buy securities in the To-Be-Announced (TBA) market, which can subject the Fund to additional price and counterparty risk.

U.S. Government Securities Risk: (Balanced HLS Fund, Total Return Bond HLS Fund, U.S. Government Securities HLS Fund and Ultrashort Bond HLS Fund) Obligations of U.S. Government agencies and authorities are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government.

Value Investing Risk: (MidCap Value HLS Fund and Value HLS Fund) The value-investing style may become out of favor, which may result in periods of underperformance.


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THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Privacy Policy and Practices of The Hartford Financial Services Group, Inc. and its Affiliates

(herein called “we, our and us”)

This Privacy Policy applies to our United States Operations

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e) service providers;

who help us serve You and service our business.

When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as:

a) taking surveys;

b) marketing our products or services; or

c) offering financial products or services under a joint agreement between us and one or more financial institutions.

We, and third parties we partner with, may track some of the pages You visit through the use of:

a) cookies;

b) pixel tagging; or

c) other technologies;

and currently do not process or comply with any web browser’s “do not track” signal or other similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.

We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to:

a) “opt-out;” or

b) “opt-in;”

as required by law.

We only disclose Personal Health Information with:

a) your proper written authorization; or

b) as otherwise allowed or required by law.

Our employees have access to Personal Information in the course of doing their jobs, such as:

a) underwriting policies;

b) paying claims;

c) developing new products; or

d) advising customers of our products and services.

We use manual and electronic security procedures to maintain:

a) the confidentiality; and

b) the integrity of;

Personal Information that we have. We use these procedures to guard against unauthorized access.

Some techniques we use to protect Personal Information include:

a) secured files;

b) user authentication;

c) encryption;

d) firewall technology; and

e) the use of detection software.

We are responsible for and must:

a) identify information to be protected;

b) provide an adequate level of protection for that data;

c) grant access to protected data only to those people who must use it in the performance of their job-related duties.

Employees who violate our Privacy Policy will be subject to discipline, which may include ending their employment with us.

At the start of our business relationship, we will give You a copy of our current Privacy Policy.

We will also give You a copy of our current Privacy Policy once a year if You maintain a continuing business relationship with us.

We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.

As used in this Privacy Notice:

Application means your request for our product or service.

Personal Financial Information means financial information such as:

a) credit history;

b) income;

c) financial benefits; or

d) policy or claim information.

Personal Health Information means health information such as:

a) your medical records; or

b) information about your illness, disability or injury.

Personal Information means information that identifies You personally and is not otherwise available to the public. It includes:

a) Personal Financial Information; and

b) Personal Health Information .

Transaction means your business dealings with us, such as:

a) your Application;

b) your request for us to pay a claim; and

c) your request for us to take an action on your account.

You means an individual who has given us Personal Information in conjunction with:

a) asking about;

b) applying for; or

c) obtaining;

a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.

This Privacy Policy is being provided on behalf of the following affiliates of The Hartford Financial Services Group, Inc.: 1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Archway 60 R, LLC; Business Management Group, Inc.; DMS R, LLC; First State Insurance Company; Fountain Investors I LLC; Fountain Investors II LLC; Fountain Investors III LLC; Fountain Investors IV LLC; FTC Resolution Company LLC; Hart Re Group L.L.C.; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford Financial Services, LLC; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Distributors, LLC; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford Holdings, Inc.; Hartford HLS Series Fund II, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Integrated Technologies, Inc.; Hartford International Life Reassurance Corporation; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life, Inc.; Hartford Life International Holding Company; Hartford Life Private Placement, LLC; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford of Texas General Agency, Inc.; Hartford Residual Market, L.C.C.; Hartford Securities Distribution Company, Inc.; Hartford Series Fund, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters General Agency, Inc.; Hartford Underwriters Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; HDC R, LLC .; Heritage Holdings, Inc.; HIMCO Distribution Services Company; HIMCO Variable Insurance Trust; HLA LLC; HL Investment Advisors, LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lanidex Class B, LLC; New England Insurance Company; New England Reinsurance Corporation; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Planco, LLC; Property and Casualty Insurance Company of Hartford; Revere R, LLC; RVR R, LLC; Sentinel Insurance Company, Ltd.; Sunstone R, LLC; Symphony R, LLC; The Evergreen Group Incorporated; The Hartford Alternative Strategies Fund; The Hartford Mutual Funds, Inc.; The Hartford Mutual Funds II, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company.

HPP Revised February 2015

Series of Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. (each a “Hartford Fund” and collectively, the “Hartford Funds”) are not subsidiaries of The Hartford Financial Services Group, Inc. (“The Hartford”) but are underwritten, distributed by and advised by subsidiaries of The Hartford. Investments in the Hartford Funds are not guaranteed by The Hartford or any other entity.

This report is submitted for the general information of the shareholders of the Hartford Funds referenced in this report. It is not authorized for distribution to persons who are not shareholders of one or more Hartford Funds referenced in this report unless preceded or accompanied by a current prospectus for the relevant Hartford Fund. Nothing herein contained is to be considered an offer of sale or a solicitation of an offer to buy shares of any Hartford Fund listed in this report. Such offering is only made by prospectus, which includes details as to the offering price and other material information.

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 or 800-279-1541. Investors should read them carefully before they invest.

Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC.

HLSAR15 2-16 115336-4 Printed in U.S.A.

LOGO

hartfordfunds.com

888-843-7824

@hartfordfunds

hartfordfunds.com/linkedin

Item 2. Code of Ethics.

(a)

The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. A copy of the code of ethics is filed herewith.

(c)

There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description.

(d)

The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions.

Item 3. Audit Committee Financial Expert.

The Board of Directors of the Registrant has designated Phillip O. Peterson as an Audit Committee Financial Expert. Mr. Peterson is considered by the Board to be an independent director.

Item 4. Principal Accountant Fees and Services.

(a)

Audit Fees: The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were:

$306,140 for the fiscal year ended December 31, 2014; $367,360 for the fiscal year ended December 31, 2015.

(b)

Audit Related Fees: The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item were:

$9,148 for the fiscal year ended December 31, 2014; $25,634 for the fiscal year ended December 31, 2015. Audit-related services are principally in connection with Rule 17Ad-13 under the Securities and Exchange Act of 1934 and procedures performed over the transition of fund accounting administration.

(c)

Tax Fees: The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning were:

$77,244 for the fiscal year ended December 31, 2014; $88,114 for the fiscal year ended December 31, 2015. Tax-related services are principally in connection with, but not limited to, general tax services and Passive Foreign Investment Company (PFIC) analysis.

(d)

All Other Fees: The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item were:

$0 for the fiscal year ended December 31, 2014; $0 for the fiscal year ended December 31, 2015.

(e)

(1) The Pre-Approval Policies and Procedures (the “Policy”) adopted by the Audit Committee of the Registrant (also, the “Fund”) sets forth the procedures pursuant to which services performed by the independent registered public accounting firm for the Registrant may be pre-approved. The following are some main provisions from the Policy.

The Audit Committee must pre-approve all audit services and non-audit services that the independent registered public accounting firm provides to the Fund.

The Audit Committee must pre-approve any engagement of the independent registered public accounting firm to provide non-audit services to any Service Affiliate (which is defined to include any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Fund) during the period of the independent registered public accounting firm’s engagement to provide audit services to the Fund, if the non-audit services to the Service Affiliate directly impact the Fund’s operations and financial reporting.

The Audit Committee shall pre-approve certain non-audit services to the Fund and its Service Affiliates pursuant to procedures set forth in the Policy.

The Audit Committee, from time to time, may designate one or more of its members who are Independent Directors (each a “Designated Member”) to consider, on the Audit Committee’s behalf, any non-audit services, whether to the Fund or to any Service Affiliate, that have not been pre-approved by the Audit Committee. The Designated Member also shall review, on the Audit Committee’s behalf, any proposed material change in the nature or extent of any non-audit services previously approved. In considering any requested non-audit services or proposed material change in such services, the Designated Member shall not authorize services which would exceed $50,000 in fees for such services.

The independent registered public accounting firm may not provide specified prohibited non-audit services set forth in the Policy to the Fund, the Fund’s investment adviser, the Service Affiliates or any other member of the investment company complex.

(e)

(2) One hundred percent of the services described in items 4(b) through 4(d) were approved in accordance with the Audit Committee’s Pre-Approval Policy. As a result, none of such services was approved pursuant to paragraph (c) (7) (i) (c) of Rule 2-01 of Regulation S-X.

(f)

Less than 50% of the hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the year ended December 31, 2015, were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees.

(g)

The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant were:

$1,433,983 for the fiscal year ended December 31, 2014; $1,862,111 for the fiscal year ended December 31, 2015.

(h)

The registrant’s audit committee of the board of directors has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Investments

(a)

The Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the annual report filed under Item 1 of this form.

(b)

Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors since registrant last provided disclosure in response to this requirement.

Item 11. Controls and Procedures.

(a)

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are generally effective to provide reasonable assurance, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b)

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s second fiscal quarter of the period covered by this report that have materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Exhibits.

(a)(1) Code of Ethics

(a)(2) Separate certifications for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)) and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

(a)(3) Not applicable

(b) Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


	HARTFORD SERIES FUND, INC.

Date: February 29, 2016	By:	/s/ James E. Davey
		James E. Davey, President and
		Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


Date: February 29, 2016	By:	/s/ James E. Davey
		James E. Davey, President and
		Chief Executive Officer


Date: February 29, 2016	By:	/s/ Michael Flook
		Michael Flook, Vice President,
		Treasurer and Controller