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)

690 Lee Road, Wayne, Pennsylvania 19087

(Address of Principal Executive Offices) (Zip Code)

Thomas Phillips, Esquire

Hartford Funds Management Company, LLC

690 Lee Road

Wayne, 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, 2017

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.

A MESSAGE FROM THE PRESIDENT

Dear Fellow Shareholders:

Thank you for investing in Hartford HLS Funds. The following is the Funds’ Annual Report, covering the period from January 1, 2017 through December 31, 2017.

Market Review

During the 12 months ended December 31, 2017, U.S. stocks, as measured by the

S&P 500 Index,¹ continued their upward trajectory. During this period, the S&P 500 Index generated a 21.8% total return, confirming that 2017 was a banner year for stocks.

The primary drivers of market progress during the period were faster economic growth, positive corporate earnings, and positive job reports. These market conditions have served as the basis of the U.S. Federal Reserve’s (Fed) interest-rate hike cycle that began in December 2015 and continued in December 2017, when short-term rates rose by 0.25% to a range of 1.25% to 1.50%. At the time of this writing, consensus expectations were for a continued gradual increase in interest rates throughout 2018, which should help markets better digest and account for such changes. Central banks overseas are also expected to begin removing accommodative policies, which may impact global markets.

Going forward, politics both at home and abroad are likely to continue playing a key role in driving market movements. Congress has approved a budget resolution for the new fiscal year and pushed back the deadline to lift the debt ceiling in an effort to tie federal funding for disaster relief to the bills following three major hurricanes in the late summer and early fall. Additionally, in December, the first significant overhaul of the US tax code in more than 30 years passed.

At home, questions surrounding healthcare and concerns about possible nuclear action from North Korea may be contributing to market uncertainty. In Europe, uncertainty remains with respect to Britain’s “Brexit” undertaking to leave the European Union, which could influence markets or cause an uptick in volatility.

We encourage you to maintain a strong relationship with your financial advisor, who can help guide you through shifting markets confidently. He or she can help you proactively build a portfolio that takes market uncertainty into account, along with your unique investment goals and risk tolerances. Your advisor can help you find a fit within our family of funds as you work toward those goals.

Thank you again for investing in Hartford HLS Funds. For the most up-to-date information on our funds, please take advantage of all the resources available at hartfordfunds.com.

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. The index is unmanaged and not available for direct investment. Past performance is not indicative of future results.

Hartford HLS Funds

Table of Contents

Fund Performance and Manager Discussions (Unaudited)	2
Expense Examples (Unaudited)	62
Financial Statements:
Schedules of Investments:
Hartford Balanced HLS Fund	68
Hartford Capital Appreciation HLS Fund	81
Hartford Disciplined Equity HLS Fund	87
Hartford Dividend and Growth HLS Fund	91
Hartford Global Growth HLS Fund	95
Hartford Growth Opportunities HLS Fund	99
Hartford Healthcare HLS Fund	103
Hartford High Yield HLS Fund	107
Hartford International Opportunities HLS Fund	116
Hartford MidCap HLS Fund	120
Hartford MidCap Value HLS Fund	124
Hartford Small Cap Growth HLS Fund	128
Hartford Small Company HLS Fund	134
Hartford Small/Mid Cap Equity HLS Fund	139
Hartford Stock HLS Fund	144
Hartford Total Return Bond HLS Fund	147
Hartford Ultrashort Bond HLS Fund	174
Hartford U.S. Government Securities HLS Fund	182
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	259
Directors and Officers (Unaudited)	260
How to Obtain a Copy of each Fund’s Proxy Voting Policies and Voting Records (Unaudited)	268
Quarterly Portfolio Holdings Information (Unaudited)	268
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	269

Hartford Balanced HLS Fund (Unaudited) inception 03/31/1983

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

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
Balanced IA		15.59%		10.32%		6.41%
Balanced IB		15.30%		10.04%		6.15%
S&P 500 Index		21.83%		15.79%		8.50%
Bloomberg Barclays Government/Credit Bond Index		4.00%		2.13%		4.08%
ICE BofAML 3-Month US Treasury Bill Index		0.85%		0.27%		0.39%
Balanced HLS Fund Blended Index		14.24%		10.17%		6.83%

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, 2017, 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 (reflects no deduction for fees, expenses or taxes) is a market capitalization-weighted price index composed of 500 widely held common stocks.

Bloomberg Barclays Government/Credit Bond Index (reflects no deduction for fees, expenses or taxes) 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.

ICE BofAML 3-Month US Treasury Bill Index (reflects no deduction for fees, expenses or taxes) is a subset of the ICE BofAML 0-1 Year U.S. Treasury Index including all securities with a remaining term to final maturity less than 3 months.

On 10/20/17 the Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index was rebranded as ICE BofAML 3-Month US Treasury Bill Index.

Balanced HLS Fund Blended Index is calculated by Hartford Funds Management Company, LLC (“HFMC”) and represents the weighted return of 60% S&P 500 Index, 35% Bloomberg Barclays Government/Credit Bond Index and 5% ICE BofAML 3-US Month Treasury Bill Index.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA and Class IB were 0.66% and 0.91%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2017.

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

Performance information may reflect historical or current expense waivers/reimbursements from HFMC without which performance would have been lower. For information on current expense waivers/reimbursements, please see the prospectus.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

2

Hartford Balanced HLS Fund

Manager Discussion

December 31, 2017 (Unaudited)

Portfolio Managers

Karen H. Grimes, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Michael E. Stack, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Loren L. Moran, CFA

Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Adam H. Illfelder, CFA

Managing Director and Equity Research Analyst

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Balanced HLS Fund returned 15.59% for the twelve-month period ended December 31, 2017, outperforming the Fund’s blended benchmark, which is comprised of 60% S&P 500 Index, 35% Bloomberg Barclays Government/Credit Bond Index, and 5% ICE BofAML 3-Month US Treasury Bill Index, which returned 14.24% for the same period. The S&P 500, Bloomberg Barclays Government/Credit Bond, and ICE BofAML 3-Month US Treasury Bill Indices returned 21.83%, 4.00% and 0.85%, respectively for the same period. During the same period, the Fund also outperformed the 15.41%% 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 over the period. Early in the first quarter of 2017, the Trump rally rolled on with continued confidence in tax reform, deregulation, and infrastructure spending, despite concerns about stretched valuations and overly optimistic policy expectations. The U.S. Federal Reserve (Fed) increased rates for the third time in a decade, but the market did not flinch. Risk-on sentiment stalled in March after the Republicans’ failure to repeal and replace the Affordable Care Act cast a cloud over the Trump administration’s pro-growth agenda. The rally continued into the second quarter of 2017, despite plunging oil prices, heightened political risk, and a rate increase from the Fed. In a well-telegraphed move, the Fed increased policy rates by another 0.25% in June. Volatility ticked up in June as investors gravitated back to the reflation trade (i.e., investing in assets that may be expected to benefit from rising economic growth and inflation), triggering rotations out of momentum and growth plays and into cyclical and value pockets of the market.

Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the S&P 500 Index to a series of new highs during the third quarter of 2017. In a widely anticipated move, the Fed announced that its balance sheet normalization program (i.e., a process of shrinking the Fed’s balance sheet) would begin in October, reiterating that the process would be gradual and predictable. Through the fourth quarter of 2017, low unemployment rates, robust corporate earnings, and strong consumer and business spending contributed to positive market sentiment. Tax reform was a key area of focus at the end of the period, culminating with a $1.5 trillion tax reform bill signed into law by President Donald Trump at the end of December. In a widely anticipated move, the Fed raised the benchmark federal funds rate by 0.25%, to a range of 1.25% to 1.50%, citing labor market strength and a solid rate of economic growth. Jerome Powell’s nomination as the chair of the Fed provided markets with reasonable assurance that current central bank policies would be maintained in the near term. During the twelve-month period, nine of the eleven sectors within the S&P 500 Index posted positive returns, led by Information Technology (+39%), Materials (+24%), and Consumer Discretionary (+23%), while Telecommunication Services (-1%) and Energy (-1%) fell.

Over the period, global fixed income markets generated solid gains as measured by the Bloomberg Barclays Global Aggregate Index. Escalating geopolitical tensions and serial disappointments in inflation data helped to contain the increase in sovereign debt yields prompted by a number of central banks ending quantitative easing. In the U.S., political controversies – in particular, the ongoing investigation into alleged involvement by Russia in the 2016 presidential election – led to a short-lived dip in risk assets. Elections in France and the United Kingdom (U.K.) presented potential sources of volatility, but proved benign in the aftermath. Despite concerns about prospects for retailers, particularly in the U.S., generally solid

3

Hartford Balanced HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

corporate earnings, strong global economic data, and continued demand for yield-producing assets supported credit markets and spreads tightened. Throughout the year, most developed market currencies strengthened versus the U.S. dollar (USD) as political uncertainty and continued skepticism about the Fed’s projected rate-hiking path weighed on the currency, though the U.S. dollar recovered a bit during the fourth quarter of 2017. Monetary policy continued on an incrementally more hawkish path throughout the year. (“Hawkish” generally describes a monetary policy that favors higher interest rates to mitigate the risk of inflation.) The Fed announced it would begin tapering its asset purchases in October 2017. The Fed also increased rates three times in 2017 and projected an additional three increases in 2018. At its October meeting, the European Central Bank (ECB) announced a reduction in its monthly asset purchases to €30 billion from €60 billion beginning in January 2018, but extended the purchase program through September 2018. Strong growth and inflation data prompted the Bank of Canada to increase rates for the first time in seven years while the Bank of England (BoE) increased interest rates for the first time in ten years; however the BoE’s press conference tilted dovish, noting that future rate increases would depend on the stability of the transition of the U.K.’s exit from the E.U. (Brexit). (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.)

Developed markets’ government yields ended mixed over the period as improving global economic data were balanced by subdued inflation. In the U.S., the yield curve flattened; front-end yields, which were heavily influenced by Fed monetary policy expectations, rose, while longer-term rates declined. Most Eurozone government bond yields increased along with improving growth prospects across the region. Longer-term U.K. yields declined amid Brexit uncertainty. Japanese government bond yields, anchored by the Bank of Japan’s yield-targeting policy, were little changed. Absolute returns in most major fixed income credit risk sectors were positive for each quarter of the year. On an excess return basis, all of the major credit risk sectors posted positive returns over the period, including securitized, high yield, emerging markets debt, and investment grade corporates, led by lower-rated sectors.

During the period, asset allocation decisions contributed positively to the custom benchmark-relative performance during the period. The Fund was generally overweight equities and underweight fixed income and cash relative to the custom benchmark. The equity portion of the Fund underperformed the S&P 500 Index while the fixed income portion of the Fund outperformed the Bloomberg Barclays Government/Credit Bond Index.

Equity underperformance versus the S&P 500 Index was driven primarily by security selection. In particular, weak security selection in the Healthcare, Information Technology, and Consumer Discretionary sectors detracted from relative performance, which was partially offset by stronger selection in the Utilities and Industrials sectors.

Sector allocation, which is a residual of the Fund’s bottom-up security selection process, contributed positively to relative performance during the period primarily due to the Fund’s underweight to Telecommunication Services and overweight to Information Technology, which was slightly offset by negative relative performance from an overweight to Energy.

Stocks that detracted the most from relative and absolute returns in the equity portion of the Fund during the period were Academy CoInvest (Consumer Discretionary), Allergan (Healthcare), and Viacom (Consumer Discretionary). The fair valuation of private placement Academy CoInvest, which owns Academy Sports Store, a retailer of sports and recreational products, fell due to declines in its earnings and difficult conditions faced by sports retailers in general. Allergan, a global pharmaceutical company, saw its stock price fall as the market focused on a court ruling against the company in a patent lawsuit in October 2017. Shares of Viacom, a U.S.-based cable network programmer, fell during the period due to concerns that hit the broader industry related to domestic advertising spending, after companies in both the auto and electronics sectors reduced their ad budgets during the first quarter.

Top contributors to performance relative to the S&P 500 Index in the equity portion of the Fund during the period included General Electric (Industrials), PulteGroup (Consumer Discretionary), and Vertex Pharmaceuticals (Healthcare). Not owing GE, a U.S.-based multinational conglomerate, was beneficial to relative performance as the stock came under pressure in the back half of the year over fears that the dividend would be cut meaningfully. These fears were ultimately realized in the third quarter of 2017, when the stock missed on earnings, lowered full year guidance, cut the dividend 50%, and messaged that it would take years for the company to be rightsized after management missteps and lack of innovation. Shares of PulteGroup, a U.S.-based homebuilder, rose during the period on strong earnings that beat consensus expectations and the stock price benefited from a healthy U.S. housing market. The share price of Vertex Pharmaceuticals, a U.S.-based pharmaceutical company, rose after the firm announced positive Phase 1 and Phase 2 data for 3 different three-drug regimens for treating cystic fibrosis during the period. Apple (Information Technology), Microsoft (Information Technology), and Alphabet (Information Technology) were the top contributors to absolute returns during the period.

The fixed income portion of the Fund outperformed the Bloomberg Barclays Government/Credit Bond Index during the period. Security selection within investment grade corporate credit was the primary contributor to relative performance, particularly within the Financials sector. Allocation to Treasury Inflation-Protected Securities (TIPS) also contributed positively to relative performance during the period. Duration and yield curve positioning also slightly contributed positively to performance relative to the Bloomberg Barclays Government/Credit Bond Index over the period. An out of benchmark allocation to non-agency residential mortgage-backed securities detracted from relative performance.

4

Hartford Balanced HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

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 economy ended 2017 on a positive note, with synchronized growth continuing through year-end. We believe the macro environment looks favorable for markets over the next few quarters. With U.S. tax reform now enacted into law, we see the potential for a further acceleration in U.S. gross domestic product (GDP) growth, driven by increases in consumer expenditures, corporate profits, and business spending. We are watching for a pick-up in inflation, as tax stimulus pulls forward growth in an economy with a low unemployment rate and decent current growth. Our expectation is for continued strong earnings growth in the U.S. on the back of tax reform and solid underlying economic fundamentals.

Within fixed income, in this environment, we expect corporate default rates to remain low in the near term. This favorable fundamental backdrop is tempered by somewhat expensive valuations across many fixed income sectors. We forecast that in 2018 most credit sectors will deliver returns that exceed the returns of similar duration government bonds. The yield spread of credit instruments over comparable government bonds is relatively narrow by historical standards. Consequently, we anticipate that positive excess returns from credit will be driven primarily by the superior income that credit sectors provide, rather than by further spread tightening.

Within equities, the Fund ended the period most overweight Financials and most underweight Consumer Staples sectors. Within fixed income, we ended the period with a moderately pro-cyclical risk posture, continuing to favor investment grade credit, particularly Financials and European banks, and the securitized sectors.

At the end of the period, the Fund’s equity exposure was at 67% compared to 60% in its custom benchmark.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the Fund’s strategy for allocating assets among different asset classes does not work as intended, the Fund may not achieve its objective or may underperform other funds with similar investment strategies. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”). Fixed income risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall; these risks are currently heightened

due to the historically low interest rate environment. Mortgage- and asset-backed securities’ risks include credit, interest-rate, prepayment, and extension risk. Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government.

Composition by Security Type

as of December 31, 2017

Category	Percentage of Net Assets
Equity Securities
Common Stocks		66.7	%
Total		66.7	%
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		4.0	%
Corporate Bonds		18.6
Foreign Government Obligations		0.6
Municipal Bonds		1.5
U.S. Government Agencies		0.5
U.S. Government Securities		7.6
Total		32.8	%
Short-Term Investments		0.3
Other Assets & Liabilities		0.2
Total		100.0	%

5

Hartford Capital Appreciation HLS Fund (Unaudited) inception 04/02/1984

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

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
Capital Appreciation IA		22.14%		14.21%		6.52%
Capital Appreciation IB		21.82%		13.92%		6.25%
Capital Appreciation IC		21.50%		13.64%		5.99%
Russell 3000 Index		21.13%		15.58%		8.60%
S&P 500 Index		21.83%		15.79%		8.50%

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, 2017, 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.

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 (reflects no deduction for fees, expenses or taxes) 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 (reflects no deduction for fees, expenses or taxes) is a market capitalization-weighted price index composed of 500 widely held common stocks.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA, Class IB and Class IC were 0.68%, 0.93% and 1.18%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

6

Hartford Capital Appreciation HLS Fund

Manager Discussion

December 31, 2017 (Unaudited)

Portfolio Managers

Gregg R. Thomas, CFA

Senior Managing Director and Associate Director of Investment Strategy & Risk

Wellington Management Company LLP

Kent M. Stahl, CFA

Senior Managing Director and Chief Investment Strategist

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Capital Appreciation HLS Fund returned 22.14% for the twelve-month period ended December 31, 2017, outperforming the Fund’s benchmark, the Russell 3000 Index, which returned 21.13% for the same period, and the Fund’s other benchmark, the S&P 500 Index, which returned 21.83% for the same period. During the same period, the Fund also outperformed the 19.37% 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?

U.S. equities, as measured by the S&P 500 Index, rose over the period. Early in the first quarter of 2017, the Trump rally rolled on with continued confidence in tax reform, deregulation, and infrastructure spending, despite concerns about stretched valuations and overly optimistic policy expectations. The U.S. Federal Reserve (Fed) increased rates for the third time in a decade, but the market did not flinch. Risk-on sentiment stalled in March after the Republicans’ failure to repeal and replace the Affordable Care Act cast a cloud over the Trump administration’s pro-growth agenda. The rally continued into the second quarter of 2017, despite plunging oil prices, heightened political risk, and a rate increase from the Fed. In a well-telegraphed move, the Fed increased policy rates by another 0.25% in June. Volatility ticked up in June as investors gravitated back to the reflation trade (i.e., investing in assets that may be expected to benefit from rising economic growth and inflation), triggering rotations out of momentum and growth plays and into cyclical and value pockets of the market.

Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the S&P 500 Index to a series of new highs during the third quarter of 2017. In a widely anticipated move, the Fed announced that its balance sheet normalization program (i.e., a process of shrinking the Fed’s balance sheet) would begin in October, reiterating that the process would be gradual and predictable. Through the fourth quarter of 2017, low unemployment rates, robust corporate earnings, and strong consumer and business spending contributed to positive market sentiment. Tax reform was a key area of focus at the end of the period, culminating with a $1.5 trillion tax reform bill signed into law by President Donald Trump

at the end of December. In a widely anticipated move, the Fed raised the benchmark federal funds rate by 0.25%, to a range of 1.25% to 1.50%, citing labor market strength and a solid rate of economic growth. Jerome Powell’s nomination as the chair of the Fed provided markets with reasonable assurance that current central bank policies would be maintained in the near term.

During the period, equity returns varied by market-cap, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index. Nine of the eleven sectors in the Russell 3000 Index had positive returns during the period. Information Technology (+37%), Materials (+24%), and Healthcare (+23%) performed best, while Energy (-2%) and Telecommunication Services (-1%) lagged the broader index.

Sector allocation, a result of the Fund’s bottom-up security selection process, was the primary contributor to performance relative to the Russell 3000 Index during the period. An underweight to the Energy sector and an overweight to the Information Technology sector contributed positively to benchmark-relative returns. This was only partially offset by an overweight to Financials, which detracted from relative performance. Security selection also contributed positively to benchmark-relative performance during the period. Strong security selection in the Information Technology and Financials sectors more than offset weaker selection in Healthcare and Utilities, which detracted from performance. From a factor perspective, the Fund experienced a slight tailwind as the overweight to growth and liquidity (more frequently traded securities) contributed positively to results. International exposure (country and currency) also contributed positively to performance, in particular due to the Fund’s exposure within Emerging Markets (China and South Korea), Japan and the U.K.

General Electric (Industrials), Alibaba (Information Technology), and Exxon Mobil (Energy) contributed positively to returns relative to the Russell 3000 Index over the period. Not holding benchmark constituent General Electric, a U.S.-based multinational conglomerate operating in the Technology infrastructure, capital finance, and consumer and industrial products industries, during the period contributed as its stock price fell on disappointing fourth-quarter earnings reported in 2017 and several executive leadership

7

Hartford Capital Appreciation HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

changes. Shares of Alibaba, a Chinese-based company focused on online and mobile commerce, rose over the period as the company reported financial results that exceeded expectations, particularly in the third quarter of 2017. Not owning benchmark constituent Exxon Mobil, a U.S.-based integrated oil and gas company, contributed positively to relative performance as shares of the company underperformed after reporting a 40% drop in fourth quarter 2016 earnings, which was announced in early 2017, as low oil and natural-gas prices took a toll on the company. Facebook (Information Technology) and Netflix (Consumer Discretionary) were also top contributors to absolute returns over the period.

The largest detractors relative to the Russell 3000 Index over the period were Apple (Information Technology), Uber (Information Technology), and Amazon (Consumer Discretionary). Shares of Apple, a U.S.-based mobile devices manufacturer and distributor of digital content, rose during the period as the stock outperformed based on rising expectations for the iPhone 8 release and a more favorable political backdrop for U.S. based global technology companies. Not owning a position in the benchmark constituent detracted from benchmark-relative performance. Uber, a U.S.-based transportation technology company, also detracted from performance for the period. The fair valuation of private placement Uber Technologies fell during the period as a result of several well publicized negative events and the ultimate departure of its CEO. The Fund was underweight benchmark constituent Amazon during the year and did not hold the stock by year end. Being underweight the U.S.-based global e-commerce retailer detracted from performance as the stock price of the company rose as it continued to expand its categories, including its purchase of Whole Foods, which the market viewed positively. TESARO (Healthcare) and Academy CoInvest (Consumer Discretionary) were also top absolute detractors during the period.

During the period, the Fund used currency forwards to hedge currency risk. The use of currency forwards detracted slightly from performance.

What is the outlook?

Following a year in which the S&P 500 Index total return was up every month, we believe the U.S. will experience late cycle acceleration as a result of the recently passed tax reform. We think that the economic environment remains strong with full employment, fiscal stimulus and deregulation ongoing. However, political risks remain both domestic and abroad, as the North Korean situation continues. From a factor perspective, we remain constructive on value, believing it will benefit from the aforementioned acceleration. Should we see the yield curve continue to flatten (or invert), this will also be positive for value. While valuations remain high, there are limited risk indicators signaling a near term change. These valuations are supported by low inflation, low rates, strong corporate earnings, and generally accommodative monetary policy. We expect higher rates and increased equity volatility in 2018 as last year was one of the lowest risk equity markets by many measures.

At the end of the period, the Fund’s largest overweights were to the Financials and Materials sectors, while the Fund’s largest underweights were to the Energy and Consumer Staples sectors, relative to the Russell 3000 Index.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the Fund’s strategy for allocating assets among different asset classes and/or portfolio management teams does not work as intended, the Fund may not achieve its objective or may underperform other funds with similar investment strategies. Small- and mid-cap securities can have greater risk and volatility than large-cap securities. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”). The Fund may have high portfolio turnover, which could increase the Fund’s transaction costs.

Composition by Sector

as of December 31, 2017

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		12.2	%
Consumer Staples		5.7
Energy		3.9
Financials		16.7
Health Care		13.4
Industrials		10.9
Information Technology		23.6
Materials		4.7
Real Estate		3.3
Telecommunication Services		1.4
Utilities		2.4
Total		98.2	%
Short-Term Investments		1.9
Other Assets & Liabilities		(0.1	)
Total		100.0	%

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

8

Hartford Disciplined Equity HLS Fund (Unaudited) inception 05/29/1998

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

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
Disciplined Equity IA		21.92%		16.80%		8.80%
Disciplined Equity IB		21.63%		16.51%		8.53%
S&P 500 Index		21.83%		15.79%		8.50%

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, 2017, 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 (reflects no deduction for fees, expenses or taxes) is a market capitalization-weighted price index composed of 500 widely held common stocks.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA and Class IB were 0.78% and 1.03%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

9

Hartford Disciplined Equity HLS Fund

Manager Discussion

December 31, 2017 (Unaudited)

Portfolio Managers

Mammen Chally, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

David A. Siegle, CFA

Managing Director and Equity Research Analyst

Wellington Management Company LLP

Douglas W. McLane, CFA

Managing Director and Equity Research Analyst

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of the Hartford Disciplined Equity HLS Fund returned 21.92% for the twelve-month period ended December 31, 2017, outperforming the Fund’s benchmark, the S&P 500 Index, which returned 21.83% for the same period. During the same period, the Fund also outperformed the 20.86% 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 over the period. Early in the first quarter of 2017, the Trump rally rolled on with continued confidence in tax reform, deregulation, and infrastructure spending, despite concerns about stretched valuations and overly optimistic policy expectations. The U.S. Federal Reserve (Fed) increased rates for the third time in a decade, but the market did not flinch. Risk-on sentiment stalled in March after the Republicans’ failure to repeal and replace the Affordable Care Act cast a cloud over the Trump administration’s pro-growth agenda. The rally continued into the second quarter of 2017, despite plunging oil prices, heightened political risk, and a rate increase from the Fed. In a well-telegraphed move, the Fed increased policy rates by another 0.25% in June. Volatility ticked up in June as investors gravitated back to the reflation trade (i.e., investing in assets that may be expected to benefit from rising economic growth and inflation), triggering rotations out of momentum and growth plays and into cyclical and value pockets of the market.

Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the S&P 500 Index to a series of new highs during the third quarter of 2017. In a widely anticipated move, the Fed announced that its balance sheet normalization program (i.e., a process of shrinking the Fed’s balance sheet) would begin in October, reiterating that the process would be gradual and predictable. Through the fourth quarter of 2017, low unemployment rates, robust corporate earnings, and strong consumer and business spending contributed positively to positive market sentiment. Tax

reform was a key area of focus at the end of the period, culminating with a $1.5 trillion tax reform bill signed into law by President Donald Trump at the end of December. In a widely anticipated move, the Fed raised the benchmark federal funds rate by 0.25%, to a range of 1.25% to 1.50%, citing labor market strength and a solid rate of economic growth. Jerome Powell’s nomination as the chair of the Fed provided markets with reasonable assurance that current central bank policies would be maintained in the near term.

Returns varied by market-cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. During the twelve-month period, nine of the eleven sectors within the S&P 500 Index rose, led by Information Technology (+39%), Materials (+24%), and Consumer Discretionary (+23%). Telecommunication Services (-1%) and Energy (-1%) lagged on a relative basis.

Sector allocation, which is a residual of our bottom-up security selection process, was the primary contributor to returns relative to the S&P 500 Index during the period. Underweight allocations to the Energy and Telecommunication Services sectors more than offset the negative impact from an overweight to the Utilities sector and an underweight to the Information Technology sector. Security selection slightly detracted from benchmark relative returns during the period, primarily within Healthcare, Consumer Discretionary, and Information Technology, which more than offset stronger selection within the Industrials and Utilities sectors, which contributed positively.

The largest contributors to performance relative to the S&P 500 Index over the period were General Electric (Industrials), Estee Lauder (Consumer Staples), and Exxon Mobil (Energy). Not holding benchmark constituent General Electric, a U.S.-based multinational conglomerate operating in the Technology infrastructure, capital finance, and consumer and industrial products industries, for the majority of the period contributed positively after its stock price fell on disappointing fourth quarter earnings and several executive leadership changes. Shares of Estee Lauder, a U.S.-based

10

Hartford Disciplined Equity HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

cosmetics company, rose during the period as the company had very strong financial performance with solid earnings reports quarter over quarter. Not owning benchmark constituent Exxon Mobil, a U.S.-based integrated oil and gas company, contributed positively as shares of the company underperformed after reporting a 40% drop in fourth quarter 2016 earnings, as low oil and natural-gas prices took a toll on the company. Apple (Information Technology) and Alphabet (Information Technology) contributed positively to absolute performance during the period.

The largest detractors from performance relative to the S&P 500 Index over the period were Amazon (Consumer Discretionary), Kroger (Consumer Staples), and Allergan (Healthcare). Not holding benchmark constituent Amazon, a U.S.-based global e-commerce retailer, detracted from performance as the company continued to expand its categories, such as its purchase of Whole Foods, which the market reacted positively in response to this purchase. Conversely, shares of Kroger, a U.S.-based supermarket retailer, fell during the period as investors were concerned about the implications of Amazon entering their market after their acquisition of Whole Foods. We sold the Fund’s position during the period. Shares of Allergan, a global pharmaceutical company, declined during the period due to increased investor concerns over competitive pressures for some key products. Concho Resources (Energy) also detracted 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.

What is the outlook?

With the significant changes to tax law, we believe that corporate profits are set to rise materially in 2018. It is likely in our opinion that some of these tax savings are competed away or reinvested in the business for various reasons including employee retention, competitive pricing or marketing support. In the near term, we believe some of the windfalls will fall to the bottom line but we expect to spend more time this year researching the sustainability of margins and changes to the competitive intensity as some of the improved profitability may be eroded.

Given the additional temporary stimulus through the lowering of individual tax rates, we would expect growth and inflation to pick up a touch. At the end of the period, confidence appeared high and manufacturing activity was improving across the globe. Job growth remains robust and we may be approaching employment levels in the U.S. where companies are likely to have difficulty filling positions. In short, there are not many red flags that are flashing from an economic perspective in our view. However, if we do not see a continued pick-up in growth, we believe the risk to the economy increases in a downturn as the ability of the government to respond is restricted by the starting point of the deficit in the budget.

Interest rates and currencies we expect will be a focus of the market. We do not expect much change from the Fed and will be watching

inflation and wage growth trends as they are likely to be a very important indicator to any changes the Fed might make in the coming months. While the economy may be on a strong footing, rapid changes to rates or the U.S. dollar exchange rate may have a material impact.

The potential for increased volatility in the equity markets may come from geopolitics indeed, something that the market has remarkably adjusted to. Potential change to the composition of the U.S. Congress is another event that investors will have to grapple with as we approach the mid-term elections late in 2018. In the near term, however, we think of geopolitical events with greater importance as any legislative changes that impact the economy from a change in the composition of the House or Senate are only likely further out in time. Republicans have expressed an interest in pivoting to welfare reform which does appear to be a harder hill to climb and we will wait for some details before commenting.

At the end of the period, the Fund’s largest overweights were to the Healthcare and Utilities sectors, while the Fund’s largest underweights were to the Energy and Real Estate sectors, relative to the S&P 500 Index.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”).

Composition by Sector

as of December 31, 2017

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		12.5	%
Consumer Staples		8.2
Energy		1.8
Financials		16.5
Health Care		15.8
Industrials		10.8
Information Technology		23.1
Materials		3.5
Telecommunication Services		1.8
Utilities		5.0
Total		99.0	%
Short-Term Investments		1.2
Other Assets & Liabilities		(0.2	)
Total		100.0	%

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

11

Hartford Dividend and Growth HLS Fund (Unaudited) 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.

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
Dividend and Growth IA		18.36%		14.90%		8.20%
Dividend and Growth IB		18.11%		14.62%		7.93%
S&P 500 Index		21.83%		15.79%		8.50%
Russell 1000 Value Index		13.66%		14.04%		7.10%

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, 2017, 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 (reflects no deduction for fees, expenses or taxes) is a market capitalization-weighted price index composed of 500 widely held common stocks.

Russell 1000 Value Index (reflects no deduction for fees, expenses or taxes) 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.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA and Class IB were 0.68% and 0.93%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

12

Hartford Dividend and Growth HLS Fund

Manager Discussion

December 31, 2017 (Unaudited)

Portfolio Managers

Edward P. Bousa, CFA

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

Mark E. Vincent

Managing Director and Equity Research Analyst

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Dividend and Growth HLS Fund returned 18.36% for the twelve-month period ended December 31, 2017, underperforming one of the Fund’s benchmarks, the S&P 500 Index, which returned 21.83% for the same period. The Fund outperformed the Russell 1000 Value Index, its other benchmark, which returned 13.66% for the same period. During the same period, the Fund outperformed the 15.23% 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?

U.S. equities, as measured by the S&P 500 Index, rose over the period. Early in the first quarter of 2017, the Trump rally rolled on with continued confidence in tax reform, deregulation, and infrastructure spending, despite concerns about stretched valuations and overly optimistic policy expectations. The Federal Reserve (Fed) increased rates for the third time in a decade, but the market did not flinch. Risk-on sentiment stalled in March after the Republicans’ failure to repeal and replace the Affordable Care Act cast a cloud over the Trump administration’s pro-growth agenda. The rally continued into the second quarter of 2017, despite plunging oil prices, heightened political risk, and a rate increase from the Fed. In a well-telegraphed move, the Fed increased policy rates by another 0.25% in June. Volatility ticked up in June as investors gravitated back to the reflation trade (i.e., investing in assets that may be expected to benefit from rising economic growth and inflation), triggering rotations out of momentum and growth plays and into cyclical and value pockets of the market.

Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the S&P 500 Index to a series of new highs during the third quarter of 2017. In a widely anticipated move, the Fed announced that its balance sheet normalization program (i.e., a process of shrinking the Fed’s balance sheet) would begin in October, reiterating that the process would be gradual and predictable. Through the fourth quarter of 2017, low unemployment rates, robust corporate earnings, and strong consumer and business

spending contributed positively to market sentiment. Tax reform was a key area of focus at the end of the period, culminating with a $1.5 trillion tax reform bill signed into law by President Donald Trump at the end of December. In a widely anticipated move, the Fed raised the benchmark federal funds rate by 0.25%, to a range of 1.25% to 1.50%, citing labor market strength and a solid rate of economic growth. Jerome Powell’s nomination as the chair of the Fed provided markets with reasonable assurance that current central bank policies would be maintained in the near term.

Returns varied by market-cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. During the twelve-month period, nine of the eleven sectors within the S&P 500 Index posted positive returns, led by Information Technology (+39%), Materials (+24%), and Consumer Discretionary (+23%), while Telecommunication Services (-1%) and Energy (-1%) fell.

Sector allocation, a result of our bottom up stock selection process, was the primary detractor from performance relative to the S&P 500 Index during the period. An underweight to the Information Technology sector and an overweight to the Energy sector more than offset the positive impact of underweights to the Real Estate and Consumer Staples sectors. Security selection also detracted from benchmark-relative returns during the period. Weak selection within Healthcare, Financials, and Information Technology was only partially offset by stronger selection within Industrials and Real Estate.

The Fund’s top detractors from returns relative to the S&P 500 Index were a position in Hess (Energy) and lack of exposure to benchmark constituents Amazon (Consumer Discretionary) and Facebook (Information Technology). The stock price of Hess, a U.S.-based integrated oil company, fell as a result of concerns about the long term outlook for oil and gas prices due to oversupply and rising inventories. Shares of Amazon, a U.S.-based global e-commerce retailer, rose during the period, as it continued to expand its categories, most notably, its intended purchase of Whole Foods. Not holding this benchmark constituent detracted from relative

13

Hartford Dividend and Growth HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

performance. The stock price of Facebook, a U.S.-based social networking platform operator, rose as it continued to expand its offerings and benefited from increasing advertising revenue. Not holding this benchmark constituent detracted from relative performance. Anadarko (Energy) and Synchrony Financial (Financials) were top absolute detractors during the period.

The Fund’s top contributors to performance relative to the S&P 500 Index during the period were General Electric (Industrials), CSX Corporation (Industrials), and AT&T (Telecommunication Services). Not holding benchmark constituent General Electric, a U.S.-based multinational conglomerate operating in the technology infrastructure, capital finance, and consumer and industrial products industries, for the majority of the period contributed positively after its stock price fell on disappointing fourth-quarter earnings reported in 2017, and several executive leadership changes. Shares of CSX, a U.S.-based leading transportation supplier, received a huge boost from the market upon rumors of and ultimately hiring a new CEO with a strong track record of successful turnarounds. The position was eliminated on strength early in the summer. Shares of AT&T, a U.S.-based telecommunications company, fell during the period due to investor concerns that the Trump administration would find it difficult to pass policies such as corporate tax reform and deregulation which would otherwise provide a business investment tailwind for the company. AT&T also reported steeper-than-expected subscriber losses in both mobile and video, reflecting rising competitive pressures in both markets. Not holding this security contributed positively to relative performance. Top absolute performers during the period included Microsoft (Information Technology) and Bank of America (Financials).

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 greatest change we have seen over the past year was the economy accelerating and reaching levels we have not seen in 10 years. In addition, we believe the tax bill that recently passed makes it more likely that we could see another year or two of economic strength. We are getting to a point where we might see inflation tick up, and we believe investors are complacent regarding inflation risk because we have seen so little inflation in recent years. Wages are moving higher, and we are beginning to see inflation in energy prices as well. We will monitor closely to see if the combination of wage inflation, incentives for infrastructure spending, and tax cuts are deflationary or inflationary if they increase demand. In our review, health care is another area where we are likely to see inflation. We believe deregulation is generally promising for economic growth, but the stock market has reached levels that are already discounting much of the good news. Ongoing stock market strength seems increasingly dependent on interest rates staying low and steady economic growth. Still, we did not see any immediate signs of recession as of the end of the period, and we are optimistic about the overall trajectory of the market for the near term.

In terms of segments of the economy, we believe Financials should benefit from deregulation and tax reform as well as overall economic health. We see opportunity as well among energy companies, which have demonstrated conservatism in spending and supported an improved price environment. In addition, we are seeing a correction in safety stocks (Consumer Staples, Consumer Discretionary, and Utilities) which we have seen as overvalued for the past several years. Safety stocks are stocks of companies in traditionally defensive industries with muted economic sensitivity based on both industry structure as well as supply and demand dynamics. We believe these areas may become more attractive, should the share price weakness persist. Meanwhile, we will be watching to see where tax benefits can translate into profitability and competitive advantage and where they will be competed away.

Although the past year has been difficult for our approach with growth equities and those without a yield outperforming value equities and yielders, we believe the opportunity for our style to come back into favor has increased. The market and performance we saw in 1999 is an example of both how powerful market environments can be and how rapidly factor environments can change. This type of momentum-driven market can sometimes take time to shift, but we believe we can benefit by staying true to our discipline.

We continue to rely on our process and philosophy as we construct the Fund’s portfolio and adjust the Fund’s positioning. We remain focused on the significance of dividends, positive capital stewardship, and franchise value.

We take a long-term perspective and apply our valuation discipline, focus on supply and demand, and utilize the intellectual capital of the firm to seek to identify the most favorable opportunities.

At the end of the period, the Fund’s largest overweights relative to the S&P 500 Index were to the Financials, Energy, and Utilities sectors, while the Fund’s largest underweights were to Consumer Discretionary and Information Technology.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”).

14

Hartford Dividend and Growth HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

Composition by Sector

as of December 31, 2017

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		6.0	%
Consumer Staples		5.4
Energy		9.0
Financials		23.6
Health Care		13.7
Industrials		9.0
Information Technology		19.6
Materials		3.1
Real Estate		1.3
Telecommunication Services		3.1
Utilities		4.8
Total		98.6	%
Short-Term Investments		1.4
Other Assets & Liabilities		0.0	*
Total		100.0	%

* Percentage rounds to zero.

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

15

Hartford Global Growth HLS Fund (Unaudited) inception 09/30/1998

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

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
Global Growth IA		32.73%		16.30%		5.24%
Global Growth IB		32.37%		16.01%		4.97%
MSCI World Growth Index (Net)		28.01%		12.79%		6.05%
MSCI World Growth Index (Gross)		28.49%		13.22%		6.46%

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, 2017, 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.

Effective May 1, 2017, the Fund changed its benchmark from the MSCI World Growth Index (Gross) to the MSCI World Growth Index (Net). Hartford Funds Management Company, LLC, the investment manager, believes that the net version of the benchmark better reflects potential tax consequences for the Fund.

MSCI World Growth Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) 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.

MSCI World Growth Index (Gross) (reflects no deduction for fees, expenses or taxes) 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.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA and Class IB were 0.82% and 1.07%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

16

Hartford Global Growth HLS Fund

Manager Discussion

December 31, 2017 (Unaudited)

Portfolio Managers

Matthew D. Hudson, CFA

Senior 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 32.73% for the twelve-month period ended December 31, 2017, outperforming the Fund’s benchmark, the MSCI World Growth Index (Net), which returned 28.01% for the same period. During the same period, the Fund also outperformed the 28.97% average return of the Lipper Global 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?

Global equities rose over the twelve-month period, as measured by the MSCI All Country World Index. Despite escalating European political risk and uncertainty surrounding President Trump’s protectionist trade agenda at the beginning of the period, investors bid up risk assets such as global equities amid increasing optimism about global economic growth. While the U.S. Federal Reserve (Fed) raised rates by 0.25% during the first quarter of 2017, the market remained unfazed as economic data releases across most major economies remained robust, helping to sustain the ongoing rally. Investors breathed a sigh of relief after Emmanuel Macron won the French presidential election, a victory seen as supportive for the stability of the European Union (E.U.). Continued evidence of an upswing in global growth helped maintain bullish sentiment. European growth indicators showed positive signals and Chinese manufacturing and services data surprised to the upside. As expected, the Fed increased policy rates by another 0.25% in June.

During the third quarter, a broad-based expansion of global economic growth, supportive monetary policy, and benign inflation helped to drive the equity markets higher. As the global economy continued to gain momentum, central banks began to normalize their long-standing loose monetary policies during the second half of 2017. In a widely anticipated move, the Fed announced that its balance sheet normalization program (i.e., a process of shrinking the Fed’s balance sheet) would begin in October 2017. The European Central Bank (ECB) announced a reduction in its monthly asset purchases beginning in January 2018, but extended the purchase program through September 2018. In Europe, Angela Merkel was re-elected for a fourth term as German Chancellor. Merkel, along with French President Macron, face the difficult task of deepening the Eurozone integration. In December, the Fed raised the benchmark federal funds rate by 0.25%, citing labor market strength and a solid rate of

economic growth. Going into the end of the year, the persistence of low inflation in developed countries continued to surprise central banks and has increased market anxiety over interest rate policy, in light of higher global growth and lower unemployment rates.

During the period, non-U.S. equities outperformed U.S. equities, as measured by the MSCI EAFE Index and S&P 500 Index, respectively, and emerging market equities outperformed their developed market counterparts, as measured by the MSCI Emerging Markets Index and MSCI World Growth Index, respectively. Within the MSCI World Growth Index, ten of eleven sectors posted positive returns during the period. Information Technology (+45%), Industrials (+32%), and Financials (+30%) gained the most, while Energy (-1%) was the only sector that fell during the period.

The Fund’s outperformance versus the MSCI World Growth Index (Net), was driven primarily by security selection. In particular, selection in Information Technology, Industrials, and Consumer Staples contributed positively to relative performance, which was partially offset by weaker selection in Financials and Materials, which detracted from performance. Sector allocation, a result the Fund’s bottom-up security selection process, also contributed positively to relative performance. The Fund’s overweight to Information Technology and underweight to Energy contributed positively to relative performance. This was partially offset by an underweight to Industrials, which detracted from performance.

Top contributors to performance relative to the MSCI World Growth Index (Net) were Tencent (Information Technology), Align Technology (Healthcare), and New Oriental Education (Consumer Discretionary). Tencent, a Chinese internet media company, saw its stock price rise during the period as the company posted first quarter 2017 results that beat market expectations on revenue and earnings. Shares of Align, a U.S.-based medical device company, rose during the period, as the company reported strong earnings beating consensus on both revenue and earnings driven by increased growth in its Invisalign product. The stock price of New Oriental Education, a Chinese education company, posted positive results after the company reported better than expected student enrollment growth and continued expansion of its profit margins. Facebook (Information Technology) and Alphabet (Information Technology) were top absolute contributors during the period.

17

Hartford Global Growth HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

The top detractors from the Fund’s performance relative to the MSCI World Growth Index (Net) were Apple (Information Technology), Viacom (Consumer Discretionary), and Boeing (Industrials). Shares of Apple, a U.S.-based manufacturer in mobile devices and distributor of digital content, rose during the period as the stock outperformed based on rising expectations for the iPhone 8 and iPhone X release and a more favorable political backdrop for U.S.-based global technology companies. Not owning a position in the benchmark constituent for most of the period detracted from benchmark-relative performance. Viacom, a U.S.-based entertainment company, saw its stock price drop during the period after investors reacted negatively to signs of risks of the company’s anticipated joint venture with a Chinese film financing company, exacerbating existing balance sheet concerns. The shares of Boeing, a U.S.-based aerospace company, rose during the period after the company reported financial results that beat market expectations and raised their fiscal year outlook on earnings, on the back of accelerating global traffic trends. Not owning this benchmark constituent detracted from relative results. Top absolute detractors included Pandora (Consumer Discretionary) and Celgene (Healthcare).

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

What is the outlook?

Looking ahead, we expect that the macroeconomic indicators that we follow will continue to highlight a positive global economic cycle with strong fundamentals across all regions globally. We believe recently enacted tax reform legislation lowering corporate rates from 35% to 21% will benefit corporations across the board. We believe the prospect of foreign cash repatriation should support global manufacturing and service companies plus sustain high industrial and consumer confidence. We believe that accelerating global trade and a global capital expenditures cycle also support strong manufacturing and industrial activity. Although core inflation remains subdued, we are watching for inflation pressure over the coming months as jobless claims were at record lows and capacity utilization was rising as of the end of the period.

At the end of the period, the Fund’s largest sector overweights were to the Information Technology, Financials, and Telecommunication Services sectors, while its largest underweights were to Industrials, Materials, and Consumer Staples, relative to the MSCI World Growth Index (Net).

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the Fund’s strategy for allocating assets among different asset classes and/or portfolio management teams

does not work as intended, the Fund may not achieve its objective or may underperform other funds with similar investment strategies. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”). These risks are generally greater for investments in emerging markets. Mid-cap securities can have greater risk and volatility than large-cap securities. Growth investing may go out of favor, which may cause the Fund to underperform the broader stock market.

Composition by Country

as of December 31, 2017

Country	Percentage of Net Assets
Australia		1.2	%
Brazil		0.5
Canada		2.4
China		6.0
France		3.1
Germany		3.4
Hong Kong		1.3
India		0.7
Indonesia		0.5
Ireland		0.7
Italy		1.2
Japan		6.0
Netherlands		0.7
Portugal		0.6
Russia		0.7
Singapore		0.7
South Korea		0.9
Spain		1.0
Sweden		1.2
Switzerland		3.7
Taiwan		0.6
United Kingdom		5.9
United States		56.4
Short-Term Investments		1.1
Other Assets & Liabilities		(0.5	)
Total		100.0	%

18

Hartford Growth Opportunities HLS Fund (Unaudited) inception 03/24/1987

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

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
Growth Opportunities IA		30.45%		17.58%		7.96%
Growth Opportunities IB		30.14%		17.28%		7.69%
Growth Opportunities IC		29.80%		17.00%		7.42%
Russell 3000 Growth Index		29.59%		17.16%		9.93%
Russell 1000 Growth Index		30.21%		17.33%		10.00%

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, 2017, 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.

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 Growth Index (reflects no deduction for fees, expenses or taxes) 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 (reflects no deduction for fees, expenses or taxes) 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.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA, Class IB and Class IC were 0.65%, 0.90% and 1.15%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

19

Hartford Growth Opportunities HLS Fund

Manager Discussion

December 31, 2017 (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 30.45% for the twelve-month period ended December 31, 2017, outperforming the Fund’s benchmarks, the Russell 3000 Growth Index and the Russell 1000 Growth Index, which returned 29.59% and 30.21%, respectively, for the same period. The Fund also outperformed the 27.03% 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?

U.S. equities, as measured by the S&P 500 Index, rose over the period. Early in the first quarter of 2017, the Trump rally rolled on with continued confidence in tax reform, deregulation, and infrastructure spending, despite concerns about stretched valuations and overly optimistic policy expectations. The U.S. Federal Reserve (Fed) increased rates for the third time in a decade, but the market did not flinch. Risk-on sentiment stalled in March after the Republicans’ failure to repeal and replace the Affordable Care Act cast a cloud over the Trump administration’s pro-growth agenda. The rally continued into the second quarter of 2017, despite plunging oil prices, heightened political risk, and a rate increase from the Fed. In a well-telegraphed move, the Fed increased policy rates by another 0.25% in June. Volatility ticked up in June as investors gravitated back to the reflation trade (i.e., investing in assets that may be expected to benefit from rising economic growth and inflation), triggering rotations out of momentum and growth plays and into cyclical and value pockets of the market.

Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the S&P 500 Index to a series of new highs during the third quarter of 2017. In a widely anticipated move, the Fed announced that its balance sheet normalization program (i.e., a process of shrinking the Fed’s balance sheet) would begin in October, reiterating that the process would be gradual and predictable. Through the fourth quarter of 2017, low unemployment rates, robust corporate earnings, and strong consumer and business

spending contributed to positive market sentiment. Tax reform was a key area of focus at the end of the period, culminating with a $1.5 trillion tax reform bill signed into law by President Donald Trump at the end of December. In a widely anticipated move, the Fed raised the benchmark federal funds rate by 0.25%, to a range of 1.25% to 1.50%, citing labor market strength and a solid rate of economic growth. Jerome Powell’s nomination as the chair of the Fed provided markets with reasonable assurance that current central bank policies would be maintained in the near term.

Equity returns varied by market-cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. Ten out of eleven sectors in the Russell 3000 Growth Index rose during the period, led by Information Technology (+40%) and Industrials (+30%), while Energy (-10%) lagged on a relative basis.

Security selection within the Information Technology, Consumer Discretionary, and Consumer Staples sectors was the primary contributor to performance relative to the Russell 3000 Growth Index during the period. Positive selection in the Information Technology and Consumer Discretionary sectors was enough to offset weaker selection in the Financials and Industrials sectors. Sector allocation, a result of the bottom-up stock selection process, slightly detracted from benchmark-relative performance over the period, due to an overweight to Energy and an underweight to Industrials. This was partially offset by the positive impact from an underweight to Consumer Staples.

The top contributors to performance relative to the Russell 3000 Growth Index during the period were Arista (Information Technology), Alibaba (Information Technology), and Align Technology (Healthcare). Shares of Arista, a U.S.-based data center switching company, rose during the period as the company continues to benefit from the shifting of workloads to the cloud. Shares of Alibaba, a China-based internet and e-commerce company, also rose during the period. The company is starting to see significant positive impact

20

Hartford Growth Opportunities HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

from their broad ecosystem and customer data. They are able to personalize their proposition to customers, which is encouraging merchants to purchase marketing and other value-added services. This is driving acceleration in their revenue as new revenue streams from merchants gain momentum. We continue to believe Alibaba is in a strong position to grow over longer-term and the Fund maintained an overweight position in the company at the end of the period. Shares of Align Technology, a U.S.-based medical device company, rose during the period as the company reported strong earnings beating consensus on both revenue and earnings driven by increased growth in its Invisalign product. We exited the position during the period on strength. Facebook (Information Technology) and ServiceNow (Information Technology) were among the top absolute contributors.

The top relative detractors from performance during the period included Uber (Information Technology), Apple (Information Technology), and Ulta (Consumer Discretionary). Uber, a U.S.-based transportation Technology company, detracted from relative performance for the period. The fair valuation of private placement Uber Technologies fell during the period as a result of several well-publicized negative events and the ultimate departure of its CEO. We are encouraged by the operational discipline brought by the new CEO, an improvement in the governance structure and strong revenue growth and continued to hold a position at the end of the period. Shares of Apple, a U.S.-based manufacturer in mobile devices and distributor of digital content, rose during the period as the stock outperformed based on rising expectations for the iPhone 8 release and a more favorable political backdrop for U.S.-based global technology companies. Not owning a position in the benchmark constituent detracted from performance relative to the Russell 3000 Growth Index. Shares of Ulta, a U.S.-based beauty and cosmetics retailer, fell during the period as the retail landscape has become a more significant threat for the company. For the first time in a while, department stores have become more promotional in the beauty space, offering discounts for their products. We believed this coupled with Amazon’s increased penetration into the beauty market leaves Ulta’s sales and margins at risk. We exited the position during the period. Viacom (Consumer Discretionary) was among the top absolute detractors.

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 view the current market environment as one of the broadest we have seen in recent memory in terms of the number of compelling opportunities across sectors and regions. We are finding what we believe to be growth opportunities in areas in which we have not found them in many years, and are excited about the prospects of what synchronized global growth may bring us in 2018. In the U.S. in particular, we continue to be optimistic about the prospects for growth

in 2018. We believe increased consumer spending, a strengthening economy, and benefits to both the consumer and domestic companies from the recent U.S. tax legislation should continue to drive earnings going forward.

Sector positioning, driven by our fundamental stock selection process, is an indication of where the team is finding their most compelling investment ideas. At the end of the period, the Fund was most overweight the Information Technology and Financials sectors and most underweight the Consumer Discretionary and Industrials sectors, relative to the Russell 3000 Growth Index.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”). Mid-cap securities can have greater risk and volatility than large-cap securities. The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if there are adverse economic consequences in those sectors. The Fund may have high portfolio turnover, which could increase the Fund’s transaction costs. Growth investing may go out of favor, which may cause the Fund to underperform the broader stock market.

Composition by Sector

as of December 31, 2017

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		11.8	%
Consumer Staples		2.3
Energy		0.6
Financials		9.1
Health Care		13.1
Industrials		9.8
Information Technology		49.5
Materials		2.1
Real Estate		1.1
Total		99.4	%
Short-Term Investments		0.8
Other Assets & Liabilities		(0.2	)
Total		100.0	%

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

21

Hartford Healthcare HLS Fund (Unaudited) inception 05/01/2000

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

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
Healthcare IA		22.26%		19.66%		12.13%
Healthcare IB		21.96%		19.35%		11.85%
S&P Composite 1500 Health Care Index		22.47%		17.98%		11.36%
S&P 500 Index		21.83%		15.79%		8.50%

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, 2017, 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 Composite 1500 Health Care Index (reflects no deduction for fees, expenses or taxes) is an unmanaged capitalization-weighted index comprised of those companies included in the S&P Composite 1500 that are classified as members of the Global Industry Classification Standard (GICS^®) health care sector.

S&P 500 Index (reflects no deduction for fees, expenses or taxes) is a market capitalization-weighted price index composed of 500 widely held common stocks.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA and Class IB were 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, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

22

Hartford Healthcare HLS Fund

Manager Discussion

December 31, 2017 (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

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 22.26%, for the twelve-month period ended December 31, 2017, underperforming the S&P Composite 1500 Health Care Index, which returned 22.47% for the same period. The Fund also outperformed the Fund’s other benchmark, the S&P 500 Index, which returned 21.83% for the same period. During the same period, the Fund outperformed the 17.79% 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?

Healthcare equities (+22%) modestly outperformed the broader U.S. market (+22%) and underperformed the global equity market (+23%) during the period, as measured by the S&P Composite 1500 Health Care, S&P 500, and the MSCI World Indices, respectively. Within the Fund’s benchmark, medical technology returned (+34%), health care services returned (+28%), mid-cap biopharma returned (+28%), small-cap biopharma returned (+16%), and large-cap biopharma returned (+14%).

The Fund underperformed the S&P Composite 1500 Health Care Index, over the period due primarily to unfavorable security selection decisions. The Fund’s overweight to mid cap biopharma equities and the Fund’s underweight to large cap biopharma equities relative to the index contributed positively to performance. However, this was offset by poor stock selection in large cap biopharma and medical technology. Security selection was stronger in small cap biopharma and mid cap biopharma.

AbbVie (biopharma), Allergan (biopharma), and Coherus (biopharma) were the top detractors from performance relative to the S&P Composite 1500 Health Care Index during the period. Not holding benchmark constituent, AbbVie, a U.S.-based pharmaceutical company, detracted from returns relative to the S&P Composite 1500 Health Care Index during the period as the stock continued to perform well as a result of the ongoing success of Humira, used to treat several forms of arthritis. Shares of Allergan, an Ireland-based

specialty pharmaceutical company, fell due to investor concerns over competitive pressures for some of their key products. Shares of Coherus, a U.S.-based biosimilars company, fell during the year as the U.S. Food and Drug Administration cleared a backlog of small molecule generic drug approvals (putting price pressures on the generic drug market) and delayed approving more complex biosimilars until that backlog was cleared (putting pressure on biosimilars manufacturers). The company also faced delays on a key product launch. Envision Healthcare (Healthcare) was a top detractor from absolute performance during the period.

Merck (biopharma), Loxo Oncology (biopharma), and Bluebird Bio (biopharma) contributed positively to results relative to the S&P Composite 1500 Health Care Index over the period. Shares of Merck, a U.S.-based pharmaceutical company, fell during the period after the company announced the withdrawal of its European application to market its key oncology drug, Keytruda, as a combination treatment for lung cancer. Not owning this benchmark constituent contributed to performance relative to the S&P Composite 1500 Health Care Index. Shares of Loxo Oncology, a U.S.-based biopharmaceutical company specializing in medicines that target genetically-defined cancers, rose after successful tumor drug study results were released in early June. Shares of Bluebird Bio, a U.S.-based biopharmaceutical company, rose following news of the approval of a peer’s gene therapy treatment. Investors viewed the approval as a sign of a favorable regulatory environment for some of the company’s pipeline treatments. UnitedHealth Group (Healthcare) and Portola (biopharma) were top contributors to 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.

What is the outlook?

The Healthcare sector has benefited broadly since the U.S. elections in November 2016, but uncertainties remain. Regarding drug pricing, we continue to believe that meaningful structural reform is unlikely in

23

Hartford Healthcare HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

the foreseeable future. We are mindful of the risks, however. Regarding efforts to repeal the Affordable Care Act (ACA), we continue to believe that most of the millions of Americans who obtained insurance coverage in the past few years will retain coverage, regardless of any adjustments that might be made. We are impressed so far with the efforts of new Food and Drug Administration (FDA) Commissioner Scott Gottlieb, and believed that the tone he has set will favor innovative companies and programs. Over the long term, the tailwinds of innovation, an aging population, and the globalization of demand for cutting-edge, Western-style health care may continue to drive growth of the Healthcare sector.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Risks of focusing investments on the health-care sector include regulatory and legal developments, patent considerations, intense competitive pressures, rapid technological changes, potential product obsolescence, and liquidity risk. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”). These risks are generally greater for investments in emerging markets. Small- and mid-cap securities can have greater risk and volatility than large-cap securities.

Composition by Sub-Sector

as of December 31, 2017

Sub-Sector	Percentage of Net Assets
Equity Securities
Biotechnology		24.9	%
Food & Staples Retailing		1.5
Health Care Equipment & Supplies		22.5
Health Care Providers & Services		18.7
Health Care Technology		2.8
Life Sciences Tools & Services		3.2
Pharmaceuticals		24.6
Total		98.2	%
Short-Term Investments		1.8
Other Assets & Liabilities		0.0	*
Total		100.0	%

* Percentage rounds to zero.

For Fund compliance purposes, the Fund may not use the same classification system. These sub-sector classifications are used for financial reporting purposes.

24

Hartford High Yield HLS Fund (Unaudited) 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.

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
High Yield IA		7.60%		5.13%		7.22%
High Yield IB		7.31%		4.87%		6.95%
Bloomberg Barclays U.S. Corporate High Yield Bond Index		7.50%		5.78%		8.03%

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, 2017, 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.

Performance information through March 5, 2012 represents performance of the Fund’s previous sub-adviser, Hartford Investment Management Company (“HIMCO”). As of March 5, 2012 HIMCO no longer served as the sub-adviser to the Fund.

Bloomberg Barclays U.S. Corporate High Yield Bond Index (reflects no deduction for fees, expenses or taxes) 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.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA and Class IB were 0.79% and 1.04%, respectively. Expenses shown include acquired fund fees and expenses. Actual

expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

25

Hartford High Yield HLS Fund

Manager Discussion

December 31, 2017 (Unaudited)

Portfolio Managers

Christopher A. Jones, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

David B. 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 7.60% for the twelve-month period ended December 31, 2017, outperforming the Fund’s benchmark, the Bloomberg Barclays U.S. Corporate High Yield Bond Index, which returned 7.50% for the same period. During the same period, the Fund outperformed the 6.71% 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?

Over the period, global fixed income markets generated solid gains as measured by the Bloomberg Barclays Global Aggregate Index. Escalating geopolitical tensions and serial disappointments in inflation data helped to contain the increase in sovereign debt yields prompted by a number of central banks ending quantitative easing. In the United States (U.S.), political controversies – in particular, the ongoing investigation into alleged involvement by Russia in the 2016 presidential election – led to a short-lived dip in risk assets. Elections in France and the United Kingdom (U.K.) presented potential sources of volatility, but proved benign in the aftermath. Despite concerns about prospects for retailers, particularly in the U.S., generally solid corporate earnings, strong global economic data, and continued demand for yield-producing assets supported credit markets and credit spreads tightened. Throughout the year, most developed market currencies strengthened versus the U.S. dollar (USD) as political uncertainty and continued skepticism about the U.S. Federal Reserve’s (Fed) projected rate-hiking path weighed on the currency, though the U.S. dollar recovered a bit during the fourth quarter of 2017.

Monetary policy continued on an incrementally more hawkish path throughout the year. (“Hawkish” generally describes a monetary policy that favors higher interest rates to mitigate the risk of inflation.) The Fed announced it would begin tapering its asset purchases in October 2017. The Fed increased rates three times in 2017 and also projected an additional three increases in 2018. At its October meeting, the European Central Bank (ECB) announced a reduction in its monthly asset purchases to €30 billion from €60 billion beginning in January 2018, but extended the purchase program through September 2018. Strong growth and inflation data prompted the Bank of Canada to increase rates for the first time in seven years while the Bank of England (BoE) increased interest rates for the first time in ten years; however the BoE’s press conference tilted dovish,

noting that future rate increases would depend on the stability of the transition of the U.K.’s exit from the E.U. (Brexit). (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.)

Developed markets’ government yields ended mixed over the period as improving global economic data were balanced by subdued inflation. In the U.S., the yield curve flattened; front-end yields, which were heavily influenced by Fed monetary policy expectations, rose, while longer-term rates declined. Most Eurozone government bond yields increased along with improving growth prospects across the region. Longer-term U.K. yields declined amid Brexit uncertainty. Japanese government bond yields, anchored by the Bank of Japan’s yield-targeting policy, were little changed.

Absolute returns in most major fixed income credit risk sectors were positive for each quarter of the year. On an excess return basis, all of the major credit risk sectors posted positive returns over the period, including securitized, high yield, emerging markets debt, and investment grade corporates, led by lower-rated sectors.

The Bloomberg Barclays U.S. Corporate High Yield Bond Index returned 7.50% for the twelve-months ended December 31, 2017 and outperformed duration equivalent treasuries by 6.10%. The Option-Adjusted Spread of the Bloomberg Barclays U.S. Corporate High Yield Bond Index was 3.43% on December 31, 2017, narrower than twelve months ago (4.09% as of December 31, 2016).

During the period, sector allocation decisions were the primary contributors to returns relative to the Bloomberg Barclays U.S. Corporate High Yield Bond Index, primarily driven by the Fund’s underweight allocations to the Wireline and Retailers sectors and an overweight to the Healthcare sector. This was partially offset by an overweight to Energy, which detracted from performance. Security selection also contributed positively to returns relative to the Bloomberg Barclays U.S. Corporate High Yield Bond Index, driven primarily by strong selection in the financial institutions (Banco Bilbao), Healthcare (Valeant, Tenet Healthcare), and Technology (Alcatel-Lucent) sectors. This was partially offset by weaker selection in the Energy sector (KCA Deutag Drilling, Cobalt Energy), which detracted from performance. The Fund’s quality positioning detracted from relative results, in particular an overweight to B-rated securities, as those securities lagged the broader index.

26

Hartford High Yield HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

Over the period, the Fund had a small position in High Yield Credit Default Swap Index (CDX). During the period, the Fund’s CDX position was used for liquidity purposes and for tactically adjusting the risk posture of the Fund. This position contributed positively to performance relative to the Bloomberg Barclays U.S. Corporate High Yield Bond Index.

What is the outlook?

We remain constructive on high yield given what we view as the backdrop of stable corporate fundamentals, a supportive macroeconomic landscape, and strong demand for yield-producing assets. While global political risks remain, valuations appear reasonable relative to our outlook, in particular given our expectation for a benign default environment over the next year.

We are particularly positive on conditions in the U.S., and favor issuers expected to benefit from a stable or growing U.S. domestic economy. While we continue to monitor the possible impact on global growth of increased political uncertainty and potentially more protectionist policies, we believe strong investor demand will continue to support the high yield market. We believe high yield maintains an attractive yield advantage and the ongoing “search for yield” given the low absolute levels of interest rates around much of the globe may continue to provide a tailwind for the asset class going forward.

The Fund ended the year most overweight the financial institutions and gaming sectors, and was most underweight the wirelines and automotive sectors.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Fixed Income risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall; these risks are currently heightened due to the historically low interest rate environment. Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. 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, leverage, liquidity, index, pricing, and counterparty risk. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”).

Composition by Security Type

as of December 31, 2017

Category	Percentage of Net Assets
Equity Securities
Common Stocks		0.7	%
Preferred Stocks		0.1
Total		0.8	%
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		0.0	%*
Convertible Bonds		1.6
Corporate Bonds		91.3
Senior Floating Rate Interests		1.8
Total		94.7	%
Short-Term Investments		2.4
Other Assets & Liabilities		2.1
Total		100.0	%

* Percentage rounds to zero.

27

Hartford International Opportunities HLS Fund (Unaudited) inception 07/02/1990

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

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
International Opportunities IA		25.25%		8.59%		3.25%
International Opportunities IB		24.99%		8.32%		3.00%
MSCI All Country World ex USA Index (Net)		27.19%		6.80%		1.84%
MSCI All Country World ex USA Index (Gross)		27.77%		7.28%		2.31%

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, 2017, 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.

Effective May 1, 2017, the Fund changed its benchmark from the MSCI All Country World ex USA Index (Gross) to the MSCI All Country World ex USA Index (Net). Hartford Funds Management Company, LLC, the investment manager, believes that the net version of the benchmark better reflects potential tax consequences for the Fund.

MSCI All Country World ex USA Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is a broad-based, unmanaged, market capitalization weighted, total return index that measures the performance of both developed (excluding the U.S.) and emerging stock markets.

MSCI All Country World ex USA Index (Gross) (reflects no deduction for fees, expenses or taxes) is a broad-based, unmanaged, market capitalization weighted, total return index that measures the performance of both developed (excluding the U.S.) and emerging stock markets.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA and Class IB were 0.76% and 1.01%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

28

Hartford International Opportunities HLS Fund

Manager Discussion

December 31, 2017 (Unaudited)

Portfolio Managers

Nicolas M. Choumenkovitch

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Tara C. 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 the Hartford International Opportunities HLS Fund returned 25.25% for the twelve-month period ended December 31, 2017, underperforming the Fund’s benchmark, the MSCI All Country World ex USA Index (Net), which returned 27.19% for the same period. During the same period, the Fund also underperformed the 26.81% average return of the Lipper International Large-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 rose over the twelve-month period, as measured by the MSCI All Country World ex USA Index. Despite escalating European political risk and uncertainty surrounding President Trump’s protectionist trade agenda at the beginning of the period, investors bid up risk assets such as global equities amid increasing optimism about global economic growth. While the U.S. Federal Reserve (Fed) raised rates by 0.25% during the first quarter of 2017, the market remained unfazed as economic data releases across most major economies remained robust, helping to sustain the ongoing rally. Investors breathed a sigh of relief after Emmanuel Macron won the French presidential election, a victory seen as supportive for the stability of the European Union (E.U.). Continued evidence of an upswing in global growth helped maintain bullish sentiment. European growth indicators showed positive signals and Chinese manufacturing and services data surprised to the upside. As expected, the Fed increased policy rates by another 0.25% in June 2017.

During the third quarter, a broad-based expansion of global economic growth, supportive monetary policy, and benign inflation helped to drive the equity markets higher. As the global economy continued to gain momentum, a number of central banks began to normalize their long-standing loose monetary policies during the second half of 2017. In a widely anticipated move, the Fed announced that its balance sheet normalization program (i.e., a process of shrinking the Fed’s balance sheet) would begin in October 2017. The European Central Bank (ECB) announced a reduction in its monthly asset purchases beginning in January 2018, but extended the purchase program through September 2018. In Europe, Angela Merkel was re-elected for a fourth term as German Chancellor. Merkel, along with French President Macron, face the difficult task of deepening the Eurozone

integration. In December, the Fed raised the benchmark federal funds rate by 0.25%, citing labor market strength and a solid rate of economic growth. Going into the end of the year, the persistence of low inflation in developed countries continued to surprise central banks and has increased market anxiety over interest rate policy, in light of higher global growth and lower unemployment rates.

During the period, non-U.S. equities outperformed U.S. equities, as measured by the MSCI EAFE Index and S&P 500 Index, respectively, and emerging market equities outperformed their developed market counterparts, as measured by the MSCI Emerging Markets Index and MSCI World Index, respectively. Within the MSCI All Country World ex USA Index, all of the eleven sectors posted positive returns during the period; Information Technology (+51%), Materials (+32%), and Industrials (+30%) rose the most.

Sector allocation, a result of the Fund’s bottom-up security selection process, was the primary detractor from performance relative to the MSCI All Country World ex USA Index during the period. Underweights to the Energy and Materials sectors detracted most from benchmark relative returns, which was partially offset by an overweight to Information Technology. Security selection also detracted from benchmark-relative returns. Selection was weakest within the Consumer Discretionary, Energy, and Healthcare sectors. This was partially offset by stronger selection within the Information Technology, Real Estate, and Financials sectors. On a regional basis, security selection within Japan and Europe detracted the most; this was slightly offset by positive performance from security selection in Emerging Markets.

Top detractors from performance relative to the MSCI All Country World ex USA Index during the period included WPP (Consumer Discretionary), Ctrip.com (Consumer Discretionary), and Petrobras (Energy). Shares of WPP, a U.K.-based global marketing and advertising company, underperformed as cost-cutting efforts led to a period of subdued revenue growth. We eliminated our position in the third quarter of 2017. The stock price of Ctrip.com, a Chinese provider of travel services, fell on the back of potentially negative implications from the Civil Aviation Administration of China’s proposed cross-selling regulations. Shares of Petrobras, an integrated oil and gas producer in Brazil, struggled in the first quarter of 2017 as oil supply outpaced market expectations and caused the

29

Hartford International Opportunities HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

price of oil to fall. We eliminated the Fund’s position in Petrobras in the second quarter of this year. Teva Pharmaceuticals (Healthcare) and Imperial Oil (Energy) were top absolute detractors during the period.

Top contributors to returns relative to the MSCI All Country World ex USA Index included Alibaba (Information Technology), Airbus (Industrials), and Unilever (Consumer Staples). Shares of Alibaba Group, a China-based internet and e-commerce company, contributed positively to benchmark-relative performance during the period after the company posted strong earnings ahead of consensus across multiple metrics. Shares of Airbus, a France-based company that manufactures and services aircrafts, rose through the combination of rising delivery volumes, falling research and development (R&D) and production costs, improvements in pricing on the A320neo, and benefits of a weaker Euro. Shares of Unilever, a Netherlands-based global consumer products company, rallied following management’s announcement of a strategic review which is expected to lead to an acceleration of value creation for shareholders. Samsung (Information Technology) and Tencent (Information Technology) were top absolute contributors 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?

In general, we continue to have a constructive outlook on the economy as manufacturing and other economic indicators continue to strengthen across the globe. Inflation remains low as of the end of the reporting period, enabling central banks to maintain accommodative monetary policies, although we are monitoring signs of change. We are mindful of the risk that the yield curve could flatten, though we see no current signs that credit is deteriorating. The yield curve flattens when the spread decreases between short-term yields and long-term yields.

Europe is experiencing a strong manufacturing and employment environment. We continue to find what we consider to be attractive opportunities within the Financials and Industrials sectors.

In Asia, the Fund’s exposure to Japan is near neutral relative to the benchmark as of the end of the period, although we are looking at opportunities. The Japanese economy may be strong and rates could surprise to the upside, benefiting banks and insurance companies. Further, a strong global economic cycle may provide good opportunities for industrials names which are of interest to us.

In emerging Asia, the Fund is overweight China relative to the benchmark as of the end of the period. We believe the property market slowdown has bottomed and the economy should remain strong supporting demand for base Materials equities even though

the market seems concerned. At the same time, China is rationalizing its steel production for environmental reasons, curtailing global supply, benefiting some of the Fund’s Materials holdings outside of China. Within China, we also own high quality Financials companies. We see an improving backdrop for banks in China as interest rates remain high, the credit environment for small-medium businesses gets better and excess capacity in the industrial economy declines. In addition to the Fund’s holdings in Financials, we also own platform information technology (IT) and consumer companies in China that we believe are changing customer habits and behavior.

Overall, our investment approach leads us to seek out companies which can improve or sustain return on invested capital (ROIC) to a degree that the market underestimates.

At the end of the period, relative to the MSCI All Country World ex USA Index, the Fund was most overweight Information Technology, Financials, and Industrials, and most underweight Materials, Energy, and Healthcare. On a regional basis, the Fund ended the period with an overweight to Europe. The Fund ended the period underweight Asia, including Japan, and Emerging Markets.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”). These risks are generally greater for investments in emerging markets. Mid-cap securities can have greater risk and volatility than large-cap securities. The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if there are adverse economic consequences in those sectors. The Fund may have high portfolio turnover, which could increase the Fund’s transaction costs.

30

Hartford International Opportunities HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

Composition by Currency

as of December 31, 2017

Description	Percentage of Net Assets
Australian Dollar		0.4	%
British Pound		8.4
Canadian Dollar		8.0
Euro		27.2
Hong Kong Dollar		7.0
Indian Rupee		3.1
Japanese Yen		17.1
Mexican Peso		0.6
South Korean Won		2.3
Swiss Franc		9.7
Taiwanese Dollar		3.4
United States Dollar		13.2
Other Assets & Liabilities		(0.4	)
Total		100.0	%

Composition by Sector

as of December 31, 2017

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		13.5	%
Consumer Staples		8.7
Energy		4.0
Financials		25.8
Health Care		5.1
Industrials		14.5
Information Technology		15.2
Materials		3.0
Real Estate		3.9
Telecommunication Services		2.7
Utilities		2.9
Total		99.3	%
Short-Term Investments		1.1
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. These sector classifications are used for financial reporting purposes.

31

Hartford MidCap HLS Fund (Unaudited) inception 07/14/1997

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

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
MidCap IA		24.47%		17.13%		9.75%
MidCap IB		24.17%		16.84%		9.47%
S&P MidCap 400 Index		16.24%		15.01%		9.97%

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, 2017, 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 MidCap 400 Index (reflects no deduction for fees, expenses or taxes) 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.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, 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, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

32

Hartford MidCap HLS Fund

Manager Discussion

December 31, 2017 (Unaudited)

Portfolio Managers

Philip W. Ruedi, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Mark A. Whitaker, 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 MidCap HLS Fund returned 24.47% for the twelve-month period ended December 31, 2017, outperforming the Fund’s benchmark, the S&P MidCap 400 Index, which returned 16.24% for the same period. During the same period, the Fund also outperformed the 24.23% average return of the Lipper Mid-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?

U.S. equities, as measured by the S&P 500 Index, rose over the period. Early in the first quarter of 2017, the Trump rally rolled on with continued confidence in tax reform, deregulation, and infrastructure spending, despite concerns about stretched valuations and overly optimistic policy expectations. The U.S. Federal Reserve (Fed) increased rates for the third time in a decade, but the market did not flinch. Risk-on sentiment stalled in March after the Republicans’ failure to repeal and replace the Affordable Care Act cast a cloud over the Trump administration’s pro-growth agenda. The rally continued into the second quarter of 2017, despite plunging oil prices, heightened political risk, and a rate increase from the Fed. In a well-telegraphed move, the Fed increased policy rates by another 0.25% in June. Volatility ticked up in June as investors gravitated back to the reflation trade (i.e., investing in assets that may be expected to benefit from rising economic growth and inflation), triggering rotations out of momentum and growth plays and into cyclical and value pockets of the market.

Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the S&P 500 Index to a series of new highs during the third quarter of 2017. In a widely anticipated move, the Fed announced that its balance sheet normalization program (i.e., a process of shrinking the Fed’s balance sheet) would begin in October, reiterating that the process would be gradual and predictable. Through the fourth quarter of 2017, low unemployment rates, robust corporate earnings, and strong consumer and business spending contributed to positive market sentiment. Tax reform was a key area of focus at the end of the period, culminating with a $1.5 trillion tax reform bill signed into law by President Donald Trump at the end of December. In a widely anticipated move, the Fed raised the benchmark federal funds rate by 0.25%, to a range of 1.25% to

1.50%, citing labor market strength and a solid rate of economic growth. Jerome Powell’s nomination as the chair of the Fed provided markets with reasonable assurance that current central bank policies would be maintained in the near term.

Equity returns varied by market-cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. Within the S&P MidCap 400 Index, nine of eleven sectors posted positive returns during the period. The Information Technology (+25%), Industrials (+24%), and Healthcare (+23%) sectors posted the highest returns while the Telecommunication Services (-40%) and Energy (-16%) sectors lagged on a relative basis.

The Fund’s outperformance relative to the S&P MidCap 400 Index during the period was driven by strong security selection. Security selection in the Healthcare, Information Technology, and Financials sectors contributed positively, which more than offset weaker selection in Industrials and Consumer Discretionary. Sector allocation, a result of the bottom-up security selection process, also contributed positively to relative returns over the period. An underweight to the Real Estate sector and overweight to Information Technology sector contributed positively to relative returns, which more than offset negative performance from underweights to Energy, Consumer Discretionary, and Materials sectors.

Top contributors to performance relative to the S&P MidCap 400 Index during the period were Sage Therapeutics (Healthcare), Puma Biotechnology (Healthcare), and TransUnion (Industrials). Shares of Sage Therapeutics, a U.S.-based biopharmaceutical company, rose after the company announced positive mid-stage trial results for its moderate-to-severe major depressive disorder (MDD) treatment. Shares of Puma Biotechnology, a U.S.-based pharmaceutical company, rose after the Federal Drug Administration (FDA) approved the company’s breast cancer drug, Nerlynx. The Fund exited its position in the company toward the end of the period. Shares of TransUnion, a U.S.-based credit reporting company, outperformed during the period due to experiencing broad strength across verticals and geographies driven by new product and end markets for their data and analytic assets. NVR (Consumer Discretionary) and Bluebird Bio (Healthcare) were also top absolute contributors over the period.

33

Hartford MidCap HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

Top detractors from performance relative to the S&P MidCap 400 Index during the period were Advance Auto Parts (Consumer Discretionary), TESARO (Healthcare), and Ultragenyx Pharmaceutical (Healthcare). Advance Auto Parts, a U.S.-based automotive parts supplier, underperformed during the period driven in part by disappointing operating results and same-store sales being negatively impacted by a mild winter. TESARO, a U.S.-based pharmaceutical company, fell as the company struggled to find a potential buyer, dampening the potential of a bidding war. Shares of Ultragenyx Pharmaceutical, a U.S.-based biotechnology company, fell after announcing disappointing results for a late-stage trial. QEP Resources (Energy) was 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?

The Fund’s portfolio is not designed around particular macroeconomic or political outcomes. We continue to believe that the U.S. economy remains on a solid footing and provides a good environment for our approach, which is focused on U.S. mid-cap market leading companies. Uncertainties and risks related to Washington politics as well as potential international developments (North Korea, Iran) could possibly increase market volatility.

As a result of our bottom-up, company specific process based on FVE (fundamentals, valuation, and expectations), the Fund ended the period overweight the Information Technology, Healthcare, and Industrials sectors. The Fund’s largest underweight at the end of the period was to the Real Estate sector, and more specifically real estate investment trusts (REITs), which we continued to find unattractive, on a relative basis.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Mid-cap securities can have greater risk and volatility than large-cap securities. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”). The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if there are adverse economic consequences in those sectors.

Composition by Sector

as of December 31, 2017

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		6.0	%
Consumer Staples		0.7
Energy		2.2
Financials		15.9
Health Care		16.7
Industrials		21.7
Information Technology		31.4
Materials		3.1
Real Estate		0.2
Utilities		1.9
Total		99.8	%
Short-Term Investments		0.5
Other Assets & Liabilities		(0.3	)
Total		100.0	%

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

34

Hartford MidCap Value HLS Fund (Unaudited) inception 04/30/2001

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

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
MidCap Value IA		13.47%		13.01%		8.51%
MidCap Value IB		13.18%		12.73%		8.24%
Russell 2500 Value Index		10.36%		13.27%		8.82%
Russell MidCap Value Index		13.34%		14.68%		9.10%

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, 2017, 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.

Russell 2500 Value Index (reflects no deduction for fees, expenses or taxes) 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 (reflects no deduction for fees, expenses or taxes) 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.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA and Class IB were 0.86% and 1.11%,

respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

35

Hartford MidCap Value HLS Fund

Manager Discussion

December 31, 2017 (Unaudited)

Portfolio Managers

James N. Mordy

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Gregory J. Garabedian

Managing Director and Equity Research Analyst

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford MidCap Value HLS Fund returned 13.47% for the twelve-month period ended December 31, 2017, outperforming the Fund’s benchmark, the Russell 2500 Value Index, which returned 10.36% for the same period, and the Fund’s other benchmark, the Russell MidCap Value Index, which returned 13.34% for the same period. During the same period, the Fund underperformed the 16.25% 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?

U.S. equities, as measured by the S&P 500 Index, rose over the period. Early in the first quarter of 2017, the Trump rally rolled on with continued confidence in tax reform, deregulation, and infrastructure spending, despite concerns about stretched valuations and overly optimistic policy expectations. The U.S. Federal Reserve (Fed) increased rates for the third time in a decade, but the market did not flinch. Risk-on sentiment stalled in March after the Republicans’ failure to repeal and replace the Affordable Care Act cast a cloud over the Trump administration’s pro-growth agenda. The rally continued into the second quarter of 2017, despite plunging oil prices, heightened political risk, and a rate increase from the Fed. In a well-telegraphed move, the Fed increased policy rates by another 0.25% in June. Volatility ticked up in June as investors gravitated back to the reflation trade (i.e., investing in assets that may be expected to benefit from rising economic growth and inflation), triggering rotations out of momentum and growth plays and into cyclical and value pockets of the market.

Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the S&P 500 Index to a series of new highs during the third quarter of 2017. In a widely anticipated move, the Fed announced that its balance sheet normalization program (i.e., a process of shrinking the Fed’s balance sheet) would begin in October, reiterating that the process would be gradual and predictable. Through the fourth quarter of 2017, low unemployment rates, robust corporate earnings, and strong consumer and business spending contributed to positive market sentiment. Tax reform was a key area of focus at the end of the period, culminating with a $1.5 trillion tax reform bill signed into law by President Donald Trump at

the end of December. In a widely anticipated move, the Fed raised the benchmark federal funds rate by 0.25%, to a range of 1.25% to 1.50%, citing labor market strength and a solid rate of economic growth. Jerome Powell’s nomination as the chair of the Fed provided markets with reasonable assurance that current central bank policies would be maintained in the near term.

Equity returns varied by market-cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. Within the Russell 2500 Value Index, nine out of eleven sectors posted positive returns during the twelve-month period. The Materials (+23%), Industrials (+19%), and Information Technology (+18%) sectors performed the best while the Telecommunication Services (-33%) and Energy (-15%) sectors fell over the period.

The Fund’s outperformance relative to the Russell 2500 Value Index was largely driven by security selection. Stock selection within the Materials, Financials, and Telecommunication Services sectors were the primary contributors to relative performance, which more than offset negative stock selection within Healthcare and Information Technology. Sector allocation, a result of the bottom-up security selection process, also contributed positively to relative results over the period, primarily due to overweight allocations to Information Technology and Materials. An overweight to Telecommunication Services and underweight to Consumer Discretionary detracted from benchmark-relative performance over the period.

The top contributors to absolute returns and returns relative to the Russell 2500 Value Index during the period were Westlake Chemicals (Materials), D.R. Horton (Consumer Discretionary), and Comerica (Financials). Shares of U.S.-based international manufacturer and supplier of petrochemicals, polymers and fabricated building products, Westlake Chemicals, rose as operating rates in Westlake’s chlorine business hit a four year high earlier in 2017. Demand in vinyl products increased and pricing improved as a result of improved industry dynamics and supply tightening over the trailing one-year period. The effects of Hurricane Harvey also proved to increase demand for Westlake’s products. D.R. Horton, a U.S.-based homebuilder, saw its share prices increase during the period as the U.S. housing market continued to grow and announced that it

36

Hartford MidCap Value HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

was acquiring a majority stake in another real estate company, Forestar Group, which investors viewed as positive. Comerica, a U.S.-based financial services company, was one of the best performing bank equities in 2016 and its momentum carried into 2017. The stock price of the bank, a lender with a large concentration of oil and gas loans, continued to rise during the year, particularly in the second half of 2017 as energy prices moved higher during this time.

Top relative detractors from returns relative to the Russell 2500 Value Index included QEP Resources (Energy), Envision Healthcare (Healthcare), and Acacia Communication (Information Technology). Shares of QEP Resources, a U.S.-based natural gas supplier, fell as production was flat during the second quarter of 2017 and higher-margin oil output declined. We exited our position during the period. The stock price of Envision Healthcare, a U.S.-based medical holding company, slipped following a negative media report on the company focused on out-of-network billing practices for Emergency Room care, which investors punished the stock for. Acacia Communication, a U.S.-based optical component manufacturer, saw its share price decline over the period in the midst of a larger sell off in the industry stemming from concerns over slowing near-term demand out of China. Newfield Exploration (Energy) was a top 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?

We are more confident in the outlook for economic growth than we have been in some time. A synchronized global growth acceleration was already underway before the passage of tax reform in the U.S. Our macro group projects domestic gross domestic product (GDP) growth of 2.7% in 2018, but we think something north of 3% seems achievable. We expect some lift in consumer spending from tax savings and higher wages, acceleration in capital spending from 100% expensing and higher corporate earnings, and some benefit from deregulation, repatriated foreign earnings and possible infrastructure spending. Tighter labor markets, a lower dollar and higher commodity prices argue for some upward pressure on inflation and may keep the Fed in tightening mode. We think it should all add up to a good environment for cyclical equities (equity securities whose prices are particularly sensitive to fluctuations in business cycles), which we ended the period overweight relative to the Russell 2500 Value Index, and for domestic small-cap and mid-cap equities.

The Fund ended the year most overweight Information Technology, Industrials, and Materials, and most underweight the Real Estate, Consumer Discretionary, and Utilities sectors, relative to the Russell 2500 Value Index.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Mid-cap securities can have greater risk and volatility than large-cap securities. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”). The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if there are adverse economic consequences in those sectors. Value investing may go out of favor, which may cause the Fund to underperform the broader stock market.

Composition by Sector

as of December 31, 2017

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		6.2	%
Consumer Staples		2.3
Energy		7.4
Financials		23.0
Health Care		4.0
Industrials		18.9
Information Technology		14.2
Materials		8.5
Real Estate		8.2
Telecommunication Services		1.3
Utilities		4.9
Total		98.9	%
Short-Term Investments		1.2
Other Assets & Liabilities		(0.1	)
Total		100.0	%

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

37

Hartford Small Cap Growth HLS Fund (Unaudited) inception 05/02/1994

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

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
Small Cap Growth IA		20.07%		15.52%		10.98%
Small Cap Growth IB		19.75%		15.23%		10.70%
Russell 2000 Growth Index		22.17%		15.21%		9.19%

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, 2017, 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.

Russell 2000 Growth Index (reflects no deduction for fees, expenses or taxes) 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 based on a combination of their market capitalization and current index membership.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA and Class IB were 0.66% and 0.91%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2017.

Performance information through July 21, 2010 represents performance of the Fund’s previous additional sub-adviser, Hartford Investment Management Company (“HIMCO”). As of July 21, 2010, HIMCO no longer serves as an additional sub-adviser to the Fund.

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

Effective March 6, 2015, the Fund was closed to new investors until further notice. For more information, please see the Fund’s prospectus.

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

38

Hartford Small Cap Growth HLS Fund

Manager Discussion

December 31, 2017 (Unaudited)

Portfolio Managers

Mammen Chally, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

David J. Elliott, CFA

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

Wellington Management Company LLP

David A. Siegle, CFA

Managing Director and Equity Research Analyst

Wellington Management Company LLP

Douglas W. McLane, CFA

Managing Director and Equity Research Analyst

Wellington Management Company LLP

How did the Fund perform during the period?

The Class IA shares of Hartford Small Cap Growth HLS Fund returned 20.07% for the twelve-month period ended December 31, 2017, underperforming the Fund’s benchmark, the Russell 2000 Growth Index, which returned 22.17%. For the same period, the Fund also underperformed the 22.63% 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?

U.S. equities, as measured by the S&P 500 Index, rose over the period. Early in the first quarter of 2017, the Trump rally rolled on with continued confidence in tax reform, deregulation, and infrastructure spending, despite concerns about stretched valuations and overly optimistic policy expectations. The U.S. Federal Reserve (Fed) increased rates for the third time in a decade, but the market did not flinch. Risk-on sentiment stalled in March after the Republicans’ failure to repeal and replace the Affordable Care Act cast a cloud over the Trump administration’s pro-growth agenda. The rally continued into the second quarter of 2017, despite plunging oil prices, heightened political risk, and a rate increase from the Fed. In a well-telegraphed move, the Fed increased policy rates by another 0.25% in June. Volatility ticked up in June as investors gravitated back to the reflation trade (i.e., investing in assets that may be expected to benefit from rising economic growth and inflation), triggering rotations out of momentum and growth plays and into cyclical and value pockets of the market.

Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the S&P 500 Index to a series of new highs during the third quarter of 2017. In a widely anticipated move, the Fed announced that its balance sheet normalization program (i.e., a

process of shrinking the Fed’s balance sheet) would begin in October, reiterating that the process would be gradual and predictable. Through the fourth quarter of 2017, low unemployment rates, robust corporate earnings, and strong consumer and business spending contributed to positive market sentiment. Tax reform was a key area of focus at the end of the period, culminating with a $1.5 trillion tax reform bill signed into law by President Donald Trump at the end of December. In a widely anticipated move, the Fed raised the benchmark federal funds rate by 0.25%, to a range of 1.25% to 1.50%, citing labor market strength and a solid rate of economic growth. Jerome Powell’s nomination as the chair of the Fed provided markets with reasonable assurance that current central bank policies would be maintained in the near term.

Equity returns varied by market-cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. Ten of the eleven sectors in the Russell 2000 Growth Index had positive returns during the period. Healthcare (+37%), Telecommunication Services (+36%), and Materials (+22%) performed best, while Energy (-24%) lagged the broader index.

Sector allocation, which is a result of our bottom-up security selection process, was the primary detractor from results relative to the Russell 2000 Growth Index. Overweights to Energy and Financials sectors detracted most from benchmark-relative performance, while an overweight to Consumer Discretionary contributed positively. Security selection modestly detracted from the Fund’s performance relative to the Russell 2000 Growth Index. Selection was weakest within the Healthcare and Financials sectors, which was partially offset by stronger selection within the Consumer Discretionary and Industrials sectors.

39

Hartford Small Cap Growth HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

The top relative detractors from performance over the period were Nektar Therapeutics (Healthcare), Kite Pharma (Healthcare), and Cardtronics PLC (Information Technology). Nektar Therapeutics, a U.S.-based pharmaceutical company, saw its share price rise sharply after it presented an accelerated FDA approval timeline for its pain-relieving drug and presented positive early-state test results for its solid-tumor cancer drug. Not owning this benchmark-constituent for most of the period detracted from relative results. Not owning Kite Pharma, a biopharmaceutical company focused on cancer immunotherapy treatments, detracted from performance as shares rose after the announcement that the company will be acquired by Gilead Sciences. Shares of Cardtronics, a provider of automated financial services kiosks, underperformed as the firm reported a disappointing first quarter as a software transition and exit from the 7-Eleven relationship hit same-store-sales and earnings more sharply than anticipated. We exited our position toward the end of the period. FivePrime Therapeutics (Healthcare) and Coherus Biosciences (Healthcare) were among the top detractors from absolute performance over the period.

TopBuild (Consumer Discretionary), Wayfair (Consumer Discretionary), and Rogers Corp (Information Technology) were the top contributors to absolute returns and returns relative to the Russell 2000 Growth Index over the period. The stock price of TopBuild Corp, a U.S.-based insulation installer, rose as the stock was expected to benefit from positive U.S. housing industry trends. Another top contributor to relative performance was Wayfair, a U.S.-based online home furnishings specialist. The stock was up after reporting significant revenue increases in the first quarter of 2017 and better than expected second quarter guidance. Shares of Rogers Corp, a maker of specialty advanced materials, including printed circuit materials, high-end specialty foams used in smartphones, tablets, and electric vehicles, rose as the company announced a very strong first quarter and provided guidance for the second quarter above consensus expectations.

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?

With the significant changes to tax law, we believe corporate profits are set to rise materially in 2018. It is likely that some of these tax savings are competed away or reinvested in the business for various reasons including employee retention, competitive pricing or marketing support. In the near term, we believe some of the windfalls will fall to the bottom line but we expect to spend more time this year researching the sustainability of margins and changes to the competitive intensity as some of the improved profitability may be eroded.

We believe the U.S. economy appears healthy and is growing at a good pace. We continue to find what we consider to be attractively

valued equities with the characteristics we seek. We remain consistent in adhering to our disciplined portfolio construction process.

As a result of bottom-up stock selection, the Fund’s top overweights at the end of the period were to the Consumer Discretionary, Information Technology, and Consumer Staples sectors. Industrials, Materials, and Utilities represented the largest underweights relative to the Russell 2000 Growth Index at the end of the period.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the Fund’s strategy for allocating assets among different asset classes and/or portfolio management teams does not work as intended, the Fund may not achieve its objective or may underperform other funds with similar investment strategies. Small-cap securities can have greater risk and volatility than large-cap securities. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”). The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if there are adverse economic consequences in those sectors. Growth investing may go out of favor, which may cause the Fund to underperform the broader stock market.

Composition by Sector

as of December 31, 2017

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		15.1	%
Consumer Staples		3.3
Energy		1.5
Financials		5.8
Health Care		23.4
Industrials		17.3
Information Technology		24.3
Materials		4.1
Real Estate		3.2
Telecommunication Services		0.7
Utilities		0.3
Total		99.0	%
Short-Term Investments		0.7
Other Assets & Liabilities		0.3
Total		100.0	%

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

40

Hartford Small Company HLS Fund (Unaudited) inception 08/09/1996

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

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
Small Company IA		26.36%		12.84%		6.90%
Small Company IB		26.05%		12.56%		6.64%
Russell 2000 Growth Index		22.17%		15.21%		9.19%

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, 2017, 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.

Russell 2000 Growth Index (reflects no deduction for fees, expenses or taxes) 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 based on a combination of their market capitalization and current index membership.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, 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, 2017.

Performance information through July 21, 2010 represents performance of the Fund’s previous additional sub-adviser, Hartford Investment Management Company (“HIMCO”). As of July 21, 2010, HIMCO no longer serves as an additional sub-adviser to the Fund.

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

Effective June 26, 2015, the Fund was closed to new investors until further notice. For more information, please see the Fund’s prospectus.

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

41

Hartford Small Company HLS Fund

Manager Discussion

December 31, 2017 (Unaudited)

Portfolio Managers

Steven C. Angeli, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

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 Small Company HLS Fund returned 26.36% for the twelve-month period ended December 31, 2017, outperforming the Fund’s benchmark, the Russell 2000 Growth Index which returned 22.17% for the same period. During the same period, the Fund also outperformed the 22.63% 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?

U.S. equities, as measured by the S&P 500 Index, rose over the period. Early in the first quarter of 2017, the Trump rally rolled on with continued confidence in tax reform, deregulation, and infrastructure spending, despite concerns about stretched valuations and overly optimistic policy expectations. The U.S. Federal Reserve (Fed) increased rates for the third time in a decade, but the market did not flinch. Risk-on sentiment stalled in March after the Republicans’ failure to repeal and replace the Affordable Care Act cast a cloud over the Trump administration’s pro-growth agenda. The rally continued into the second quarter of 2017, despite plunging oil prices, heightened political risk, and a rate increase from the Fed. In a well-telegraphed move, the Fed increased policy rates by another 0.25% in June. Volatility ticked up in June as investors gravitated back to the reflation trade (i.e., investing in assets that may be expected to benefit from rising economic growth and inflation), triggering rotations out of momentum and growth plays and into cyclical and value pockets of the market.

Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the S&P 500 Index to a series of new highs during the third quarter of 2017. In a widely anticipated move, the Fed announced that its balance sheet normalization program (i.e., a process of shrinking the Fed’s balance sheet) would begin in October, reiterating that the process would be gradual and predictable. Through the fourth quarter of 2017, low unemployment rates, robust corporate earnings, and strong consumer and business spending contributed to positive market sentiment. Tax reform was a key area of focus at the end of the period, culminating with a $1.5 trillion tax reform bill signed into law by President Donald Trump at the end of December. In a widely anticipated move, the Fed raised the benchmark federal funds rate by 0.25%, to a range of 1.25% to

1.50%, citing labor market strength and a solid rate of economic growth. Jerome Powell’s nomination as the chair of the Fed provided markets with reasonable assurance that current central bank policies would be maintained in the near term.

Equity returns varied by market-cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. Ten of the eleven sectors in the Russell 2000 Growth Index had positive returns during the period. Healthcare (+37%), Telecommunication Services (+36%), and Materials (+22%) performed the best, while Energy (-24%) was the only sector that fell.

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

Top contributors to absolute returns and performance relative to the Russell 2000 Growth Index during the period included Align Technology (Healthcare), Tower Semiconductor (Information Technology), and Insulet (Healthcare). The stock price of Align Technology, a U.S.-based medical device company most known for its “Invisalign” braces, rose during the period after it announced revenues and earnings that beat market expectations driven by increased growth of the Invisalign product. Tower Semiconductor, an Israeli-based manufacturer of analog chips, saw its share price rise during the period after posting strong financial revenues and earnings and announcing solid order results in May. The business has achieved high returns on invested capital and strong cash flows as it continues to purchase, integrate, and scale low utilization foundries. The company also benefited from exposure to a number of fast growing end markets including electric vehicle battery management and augmented reality/virtual reality technologies. Insulet, a U.S.-based medical devices company that manufactures differentiated

42

Hartford Small Company HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

insulin infusion systems, saw its share price rise over the year as investors appreciated the company’s attractive growth of its businesses inside and outside the U.S. We believe that the company’s unique pod-based slow release technology creates an attractive barrier to entry protecting its growth prospects.

Top detractors from performance relative to the Russell 2000 Growth Index during the period included Nektar Therapeutics (Healthcare), Kite Pharma (Healthcare), and Academy CoInvest (Consumer Discretionary). Nektar Therapeutics, a U.S.-based pharmaceutical company, saw its share price rise sharply after it presented an accelerated FDA approval timeline for its pain-relieving drug and presented positive early-state test results for its solid-tumor cancer drug. Not owning this benchmark-constituent for most of the period detracted from relative results. The share price of Kite Pharma, a U.S.-based clinical-stage biopharmaceutical company, rose during the period after it was announced that the company had accepted a buyout offer from Gilead Sciences, another biotechnology company. Not owning the stock detracted from relative results. The fair valuation of private placement Academy CoInvest, which owns Academy Sports Store, a retailer of sports and recreational products, fell due to declines in its earnings and difficult conditions faced by sports retailers in general. FivePrime Therapeutics (Healthcare) and WPX Energy (Energy) were top detractors 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.

What is the outlook?

As we look ahead into 2018, we expect the U.S. economy to grow further as we progress through the later stages of the economic cycle. Tax reform and reduced regulation may meaningfully accelerate both gross domestic product (GDP) and corporate earnings growth. In an environment of already low unemployment, tight supply, and rising demand, we believe conditions have aligned to support a typical economic crescendo in the coming years. Despite geopolitical turbulence, we remain constructive on equity markets as we believe global growth prospects remain strong. The main risks we see to our base case are political in nature and include tensions with North Korea and an ineffective Trump administration. However, most sustained market corrections are correlated with economic recessions, and we do not see any major signs of an imminent economic downturn in the U.S. Over the year, we trimmed the Fund’s Information Technology overweight. Many of these positions appreciated meaningfully over the year and now offer less attractive upside to downside ratios. These sales funded purchases in some of the more traditional cyclical sectors yielding a more balanced portfolio, which we believe is well positioned to outperform in the year to come.

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

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the Fund’s strategy for allocating assets among different asset classes and/or portfolio management teams does not work as intended, the Fund may not achieve its objective or may underperform other funds with similar investment strategies. Small-cap securities can have greater risk and volatility than large-cap securities. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”). The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if there are adverse economic consequences in those sectors. The Fund may have high portfolio turnover, which could increase the Fund’s transaction costs. Growth investing may go out of favor, which may cause the Fund to underperform the broader stock market.

Composition by Sector

as of December 31, 2017

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		18.7	%
Consumer Staples		3.9
Energy		1.4
Financials		7.2
Health Care		17.2
Industrials		17.4
Information Technology		27.0
Materials		2.8
Real Estate		3.4
Total		99.0	%
Short-Term Investments		1.1
Other Assets & Liabilities		(0.1	)
Total		100.0	%

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

43

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

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

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
Small/Mid Cap Equity IA		14.43%		12.94%		7.61%
Small/Mid Cap Equity IB		13.94%		12.64%		7.33%
Russell 2500 Index		16.81%		14.33%		9.22%

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, 2017, 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.

Performance information through June 4, 2012 represents performance of the Fund’s previous sub-adviser, Hartford Investment Management Company (“HIMCO”). As of June 4, 2012, HIMCO no longer served as the sub-adviser to the Fund.

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 (reflects no deduction for fees, expenses or taxes) 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 2,500 of the smallest securities based on a combination of their market capitalization and current index membership.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA and Class IB were 0.94% and 1.19%, respectively. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

44

Hartford Small/Mid Cap Equity HLS Fund

Manager Discussion

December 31, 2017 (Unaudited)

Portfolio Manager

David J. Elliott, CFA

Senior 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 14.43% for the twelve-month period ended December 31, 2017, underperforming the Fund’s benchmark, the Russell 2500 Index, which returned 16.81%. For the same period, the Fund outperformed the 12.70% average return of the Lipper Small-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 over the period. Early in the first quarter of 2017, the Trump rally rolled on with continued confidence in tax reform, deregulation, and infrastructure spending, despite concerns about stretched valuations and overly optimistic policy expectations. The U.S. Federal Reserve (Fed) increased rates for the third time in a decade, but the market did not flinch. Risk-on sentiment stalled in March after the Republicans’ failure to repeal and replace the Affordable Care Act cast a cloud over the Trump administration’s pro-growth agenda. The rally continued into the second quarter of 2017, despite plunging oil prices, heightened political risk, and a rate increase from the Fed. In a well-telegraphed move, the Fed increased policy rates by another 0.25% in June. Volatility ticked up in June as investors gravitated back to the reflation trade (i.e., investing in assets that may be expected to benefit from rising economic growth and inflation), triggering rotations out of momentum and growth plays and into cyclical and value pockets of the market.

Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the S&P 500 Index to a series of new highs during the third quarter of 2017. In a widely anticipated move, the Fed announced that its balance sheet normalization program (i.e., a process of shrinking the Fed’s balance sheet) would begin in October, reiterating that the process would be gradual and predictable. Through the fourth quarter of 2017, low unemployment rates, robust corporate earnings, and strong consumer and business spending contributed to positive market sentiment. Tax reform was a key area of focus at the end of the period, culminating with a $1.5 trillion tax reform bill signed into law by President Donald Trump at the end of December. In a widely anticipated move, the Fed raised the benchmark federal funds rate by 0.25%, to a range of 1.25% to 1.50%, citing labor market strength and a solid rate of economic growth. Jerome Powell’s nomination as the chair of the Fed provided markets with reasonable assurance that current central bank policies would be maintained in the near term.

Equity returns varied by market-cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. Nine of the eleven sectors in the Russell 2500 Index posted positive absolute returns during the period. Healthcare (+29%), Information Technology (+25%), and Materials (+23%) rose the most, while Energy (-17%) and Telecommunication Services (-4%) posted negative returns.

The Fund’s underperformance relative to the Russell 2500 Index was driven by weak stock selection, particularly in the Real Estate, Consumer Discretionary, and Financials sectors. This was partially offset by stronger selection in Consumer Staples and Energy. Sector allocation, a product of our quantitative stock-selection process, also detracted from relative returns during the period. An overweight to Consumer Staples and an overweight to Energy in the first half of the year detracted most from benchmark-relative performance, more than offsetting the positive impact from the Fund’s overweight to Healthcare.

The largest detractors from performance relative to the Russell 2500 Index during the period were Mack-Cali Realty (Real Estate), Brixmor Property (Real Estate), and Popular (Financials). Mack-Cali Realty, which owns and operates office properties in the Northeast, detracted as management aggressively pursued acquisitions of office assets by taking on excess leverage and lowered their guidance due to light leasing. Brixmor Property, which owns and operates shopping malls, was down as asset sales negatively impacted growth and retail bankruptcies affected occupancy. Popular, which is a regional bank in Puerto Rico, declined due to losses and increased expenses from the hurricanes. DDR Corp (Real Estate) and Foot Locker (Consumer Discretionary) were among the top absolute detractors during the period.

The largest contributors to absolute performance and performance relative to the Russell 2500 Index during the period were Arista (Information Technology), Scientific Games (Consumer Discretionary), and Teradyne (Information Technology). Shares of Arista, a U.S.-based data center switching company, rose during the period as the company continues to benefit from the shifting of workloads to the cloud. Scientific Games, a leading supplier of services, technology systems and products to the lottery and gaming industries, rose in price as the new CEO integrated two acquisitions with significant synergies and improved growth. Shares of Teradyne, which designs and develops automatic test equipment, rallied as the company continues to execute well with both revenue growth (new

45

Hartford Small/Mid Cap Equity HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

products and serviceable available market expansion) and cost management initiatives.

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

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Small- and mid-cap securities can have greater risk and volatility than large-cap securities. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”). The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if there are adverse economic consequences in those sectors. The Fund may have high portfolio turnover, which could increase the Fund’s transaction costs.

Composition by Sector

as of December 31, 2017

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		14.7	%
Consumer Staples		4.4
Energy		4.5
Financials		14.6
Health Care		12.5
Industrials		16.4
Information Technology		13.9
Materials		3.6
Real Estate		9.3
Telecommunication Services		1.5
Utilities		3.9
Total		99.3	%
Short-Term Investments		0.6
Other Assets & Liabilities		0.1
Total		100.0	%

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

46

Hartford Stock HLS Fund (Unaudited) inception 08/31/1977

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

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
Stock IA		19.85%		14.25%		7.37%
Stock IB		19.54%		13.97%		7.10%
Russell 1000 Index		21.69%		15.71%		8.59%

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, 2017, 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.

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.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA and Class IB were 0.52% and 0.77%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

47

Hartford Stock HLS Fund

Manager Discussion

December 31, 2017 (Unaudited)

Portfolio Manager

Donald J. Kilbride

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 Stock HLS Fund returned 19.85% for the twelve-month period ended December 31, 2017, underperforming the Russell 1000 Index, which returned 21.69% for the same period. During the same period, the Fund also underperformed the 20.86% 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 over the period. Early in the first quarter of 2017, the Trump rally rolled on with continued confidence in tax reform, deregulation, and infrastructure spending, despite concerns about stretched valuations and overly optimistic policy expectations. The Federal Reserve (Fed) increased rates for the third time in a decade, but the market did not flinch. Risk-on sentiment stalled in March after the Republicans’ failure to repeal and replace the Affordable Care Act cast a cloud over the Trump administration’s pro-growth agenda. The rally continued into the second quarter of 2017, despite plunging oil prices, heightened political risk, and a rate increase from the Fed. In a well-telegraphed move, the Fed increased policy rates by another 0.25% in June. Volatility ticked up in June as investors gravitated back to the reflation trade (i.e., investing in assets that may be expected to benefit from rising economic growth and inflation), triggering rotations out of momentum and growth plays and into cyclical and value pockets of the market.

Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the S&P 500 Index to a series of new highs during the third quarter of 2017. In a widely anticipated move, the Fed announced that its balance sheet normalization program (i.e., a process of shrinking the Fed’s balance sheet) would begin in October, reiterating that the process would be gradual and predictable. Through the fourth quarter of 2017, low unemployment rates, robust corporate earnings, and strong consumer and business spending contributed positively to market sentiment. Tax reform was a key area of focus at the end of the period, culminating with a $1.5 trillion tax reform bill signed into law by President Donald Trump at the end of December. In a widely anticipated move, the Fed raised the benchmark federal funds rate by 0.25%, to a range of 1.25% to 1.50%, citing labor market strength and a solid rate of economic growth. Jerome Powell’s nomination as the chair of the Fed provided markets with reasonable assurance that current central bank policies would be maintained in the near term.

During the period, returns varied by market-cap, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. During the twelve-month period, 9 of the eleven sectors within the Russell 1000 Index rose, led by Information Technology (+38%), Materials (+24%), and Consumer Discretionary (+23%). Energy (-1%) and Telecommunication Services (-1%) lagged on a relative basis.

The Fund’s underperformance versus the Russell 1000 Index was primarily driven by poor security selection within the Healthcare, Consumer Discretionary, and Energy sectors, which was partially offset by stronger selection within the Industrials and Financials sectors. Sector allocation, a residual of the bottom-up stock selection process, contributed positively to benchmark-relative returns, due primarily to an underweight allocation to Energy and not holding any Telecommunication Services equities. This was partially offset by an underweight to the Information Technology sector, which detracted from relative performance.

Stocks that detracted the most from performance relative to the Russell 1000 Index during the period were Apple (Information Technology), Cardinal Health (Healthcare), and Schlumberger (Energy). Shares of Apple, a U.S.-based manufacturer of mobile devices and distributor of digital content, rose during the period on rising expectations for the iPhone 8 release and a more favorable political backdrop for U.S.-based global technology companies. Not owning a position in the benchmark constituent detracted from benchmark-relative performance. Shares of Cardinal Health, a U.S.-based distributor of pharmaceuticals, fell after the company lowered their fiscal year revenue and earnings per share estimates. Shares of Schlumberger, a U.S.-based provider of oil and natural gas equipment and services, fell during the period due to the price of crude oil falling. Academy CoInvest LLC (Consumer Discretionary) and Walgreens (Consumer Staples) were top absolute detractors from performance during the period.

Top contributors to performance relative to the Russell 1000 Index during the period included General Electric (Industrials), Diageo (Consumer Staples), and Visa (Information Technology). Not holding benchmark constituent General Electric, a U.S.-based multinational conglomerate operating in the Technology infrastructure, capital finance, and consumer and industrial products industries, during the period contributed positively to relative performance after its stock price fell on disappointing fourth-quarter earnings reported in 2017 and several executive leadership changes. The shares of Diageo, a British-based alcoholic beverages company, rose during the period

48

Hartford Stock HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

as it reported strong fiscal year results with revenue and profits that beat the expectations of investors. The stock price of Visa, a U.S.-based credit card and payments company, rose during the period after the company reported better than expected revenues and earnings driven by its Visa Europe business and continued growth in payments, cross border volume, and processed transactions. Microsoft (Information Technology) and Nike (Consumer Discretionary) were top absolute contributors to 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?

Overall, as has been the case for much of the last few years, we remain highly cautious in our investment posture. We continue to seek to invest in companies where we have high confidence in long-term dividend growth. We believe a long-term outlook characterized by patience and low turnover is our best recipe for managing the Fund.

At the end of the period, the Fund’s bottom-up investment approach resulted in overweight exposures to the Consumer Staples, Industrials, and Healthcare sectors, relative to the Russell 1000 Index. The Fund’s largest underweights relative to the Russell 1000 Index were to the Information Technology, Utilities, and Financials sectors, at the end of the period.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”).

Composition by Sector

as of December 31, 2017

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		13.2	%
Consumer Staples		16.7
Energy		4.4
Financials		12.1
Health Care		14.9
Industrials		18.5
Information Technology		10.3
Materials		4.0
Real Estate		4.5
Total		98.6	%
Short-Term Investments		1.7
Other Assets & Liabilities		(0.3	)
Total		100.0	%

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

49

Hartford Total Return Bond HLS Fund (Unaudited) 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.

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
Total Return Bond IA		5.16%		2.67%		4.13%
Total Return Bond IB		4.80%		2.40%		3.87%
Bloomberg Barclays U.S. Aggregate Bond Index		3.54%		2.10%		4.01%

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, 2017, 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.

Performance information through March 5, 2012 represents performance of the Fund’s previous sub-adviser, Hartford Investment Management Company (“HIMCO”). As of March 5, 2012, HIMCO no longer served as the sub-adviser to the Fund.

Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) is composed of securities from the Bloomberg Barclays Government/Credit Bond Index, Mortgage-Backed Securities Index, Asset-Backed Securities Index, and Commercial Mortgage-Backed Securities Index.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA and Class IB were 0.52% and 0.77%, respectively. Expenses shown include acquired fund fees and expenses. Actual

expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

50

Hartford Total Return Bond HLS Fund

Manager Discussion

December 31, 2017 (Unaudited)

Portfolio Managers

Joseph F. Marvan, CFA

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

Robert D. Burn, CFA

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 5.16% for the twelve-month period ended December 31, 2017, outperforming the Fund’s benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index, which returned 3.54% for the same period. During the same period, the Fund also outperformed the 3.66% 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?

Over the period, global fixed income markets generated solid gains as measured by the Bloomberg Barclays Global Aggregate Index. Escalating geopolitical tensions and serial disappointments in inflation data helped to contain the increase in sovereign debt yields prompted by a number of central banks ending quantitative easing. In the United States (U.S.), political controversies – in particular, the ongoing investigation into alleged involvement by Russia in the 2016 presidential election – led to a short-lived dip in risk assets. Elections in France and the United Kingdom (U.K.) presented potential sources of volatility, but proved benign in the aftermath. Despite concerns about prospects for retailers, particularly in the U.S., generally solid corporate earnings, strong global economic data, and continued demand for yield-producing assets supported credit markets and credit spreads tightened. Throughout the year, most developed market currencies strengthened versus the U.S. dollar (USD) as political uncertainty and continued skepticism about the U.S. Federal Reserve’s (Fed) projected rate-hiking path weighed on the currency, though the U.S. dollar recovered a bit during the fourth quarter of 2017.

Monetary policy continued on an incrementally more hawkish path throughout the year. (“Hawkish” generally describes a monetary policy that favors higher interest rates to mitigate the risk of inflation.) The Fed announced it would begin tapering its asset purchases in October 2017. The Fed increased rates three times in 2017 and also projected an additional three increases in 2018. At its October meeting, the European Central Bank (ECB) announced a reduction in

its monthly asset purchases to €30 billion from €60 billion beginning in January 2018, but extended the purchase program through September 2018. Strong growth and inflation data prompted the Bank of Canada to increase rates for the first time in seven years while the Bank of England (BoE) increased interest rates for the first time in ten years; however the BoE’s press conference tilted dovish, noting that future rate increases would depend on the stability of the transition of the U.K.’s exit from the E.U. (Brexit). (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.)

Developed markets’ government yields ended mixed over the period as improving global economic data were balanced by subdued inflation. In the U.S., the yield curve flattened; front-end yields, which were heavily influenced by Fed monetary policy expectations, rose, while longer-term rates declined. Most Eurozone government bond yields increased along with improving growth prospects across the region. Longer-term U.K. yields declined amid Brexit uncertainty. Japanese government bond yields, anchored by the Bank of Japan’s yield-targeting policy, were little changed.

Absolute returns in most major fixed income credit risk sectors were positive for each quarter of the year. On an excess return basis, all of the major credit risk sectors posted positive returns over the period, including securitized, high yield, emerging markets debt, and investment grade corporates, led by lower-rated sectors.

The primary driver of the Fund’s outperformance versus the Bloomberg Barclays U.S. Aggregate Bond Index was the Fund’s out-of-benchmark allocation to non-agency Mortgage-Backed Securities (MBS). Investment grade credit positioning, in particular security selection within Industrials and Financials, also contributed positively to outperformance. The Fund’s allocations to bank loans, commercial mortgage-backed securities (CMBS), and collateralized loan obligations (CLOs) were also additive during the year. The Fund’s overweight to agency MBS and exposure to Treasury Inflation-Protected Securities detracted from relative performance during the period.

51

Hartford Total Return Bond HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

An allocation to high yield credit was additive, though the strong contribution from holding high yield bonds was somewhat offset by the Fund’s credit hedges that were implemented through index credit default swaps (CDX). The Fund’s tactical yield curve and duration positions had an overall positive contribution to performance for the year, although this was partially offset by some government bond derivatives positions, including US Treasury futures and Eurodollar futures, which in aggregate contributed favorably to returns for the year.

What is the outlook?

As of the end of the period, we continued to position the Fund with a moderately pro-cyclical risk posture in credit markets, based on what we consider to be positive U.S. economic growth momentum. The Fund is positioned for an increase in inflation expectations. The Fund ended the period with an underweight positioning in investment grade credit. The Fund held an overweight to agency mortgage-backed securities and maintained an out-of-benchmark allocation to select non-agency residential mortgage-backed securities (RMBS). The Fund also held commercial mortgage-backed securities and CLOs based on what we consider to be attractive valuations. Within corporate credit we continued to favor bank loans, and also held high yield and contingent convertibles (CoCos) of large European banks. We continued to hold select exposure to emerging markets debt where valuations are attractive in our view.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. If the Fund’s strategy for allocating assets among different asset classes and/or portfolio management teams does not work as intended, the Fund may not achieve its objective or may underperform other funds with similar investment strategies. Fixed Income risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall; these risks are currently heightened due to the historically low interest rate environment. Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. Mortgage- and asset-backed securities’ risks include credit, interest-rate, prepayment, and extension risk. The Fund may purchase securities in the To-Be-Announced (TBA) market, which can subject the Fund to additional price and counterparty risk. 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, leverage, liquidity, index, pricing, and counterparty risk. The Fund has the ability to invest in foreign and emerging-market bonds. Investments in these securities generally involve greater risk, volatility, and possibility of loss. Privately placed,

restricted (Rule 144A) securities may be more difficult to sell and value than publicly traded securities, thus they may be potentially illiquid. The Fund may have high portfolio turnover, which could increase the Fund’s transaction costs.

Composition by Security Type

as of December 31, 2017

Category	Percentage of Net Assets
Equity Securities
Common Stocks		0.0	%*
Preferred Stocks		0.1
Total		0.1	%
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		36.1	%
Corporate Bonds		25.2
Foreign Government Obligations		2.0
Municipal Bonds		1.7
Senior Floating Rate Interests		2.5
U.S. Government Agencies		43.1
U.S. Government Securities		6.2
Total		116.8	%
Short-Term Investments		3.7
Purchased Options		0.2
Other Assets & Liabilities		(20.8	)
Total		100.0	%

* Percentage rounds to zero.

52

Hartford Ultrashort Bond HLS Fund (Unaudited) 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.

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 Returns (as of 12/31/17)

	1 Year		Since Inception1
Ultrashort Bond IA		1.01%		0.53%
Ultrashort Bond IB		0.80%		0.28%
Bloomberg Barclays Short Treasury 9-12 Month Index		0.68%		0.45%

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, 2017.

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, 2017, 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.

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.

Bloomberg Barclays Short Treasury 9-12 Month Index (reflects no deduction for fees, expenses or taxes) includes aged U.S. Treasury bills, notes and bonds with a remaining maturity from 1 up to (but not including) 12 months. It excludes zero coupon strips.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA and Class IB were 0.45% and 0.70%, respectively. Actual expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

53

Hartford Ultrashort Bond HLS Fund

Manager Discussion

December 31, 2017 (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 1.01% for the twelve-month period ended December 31, 2017, outperforming the Fund’s benchmark, the Bloomberg Barclays Short Treasury 9-12 Month Index, which returned 0.68% for the same period. During the same period, the Fund underperformed the 1.74% 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?

Over the period, global fixed income markets generated solid gains as measured by the Bloomberg Barclays Global Aggregate Index. Escalating geopolitical tensions and serial disappointments in inflation data helped to contain the increase in sovereign debt yields prompted by a number of central banks ending quantitative easing. In the United States (U.S.), political controversies – in particular, the ongoing investigation into alleged involvement by Russia in the 2016 presidential election – led to a short-lived dip in risk assets. Elections in France and the United Kingdom (U.K.) presented potential sources of volatility, but proved benign in the aftermath. Despite concerns about prospects for retailers, particularly in the U.S., generally solid corporate earnings, strong global economic data, and continued demand for yield-producing assets supported credit markets and spreads tightened. Throughout the year, most developed market currencies strengthened versus the U.S. dollar (USD) as political uncertainty and continued skepticism about the U.S. Federal Reserve’s (Fed) projected rate-hiking path weighed on the currency, though the U.S. dollar recovered a bit during the fourth quarter of 2017.

Monetary policy continued on an incrementally more hawkish path throughout the year. (“Hawkish” generally describes a monetary policy that favors higher interest rates to mitigate the risk of inflation.) The Fed announced it would begin tapering its asset purchases in October 2017. The Fed increased rates three times in 2017 and also projected an additional three increases in 2018. At its October meeting, the European Central Bank (ECB) announced a reduction in its monthly asset purchases to €30 billion from €60 billion beginning in January 2018, but extended the purchase program through September 2018. Strong growth and inflation data prompted the Bank of Canada to increase rates for the first time in seven years while the Bank of England (BoE) increased interest rates for the first time in ten years; however the BoE’s press conference tilted dovish, noting that future rate increases would depend on the stability of the transition of the U.K.’s exit from the E.U. (Brexit). (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.)

Developed markets’ government yields ended mixed over the period as improving global economic data were balanced by subdued inflation. In the U.S., the yield curve flattened; front-end yields, which were heavily influenced by Fed monetary policy expectations, rose, while longer-term rates declined. Most Eurozone government bond yields increased along with improving growth prospects across the region. Longer-term U.K. yields declined amid Brexit uncertainty. Japanese government bond yields, anchored by the Bank of Japan’s yield-targeting policy, were little changed.

Absolute returns in most major fixed income credit risk sectors were positive for each quarter of the year. On an excess return basis, all of the major credit risk sectors posted positive returns over the period, including securitized, high yield, emerging markets debt, and investment grade corporates, led by lower-rated sectors.

The Fund outperformed the Bloomberg Barclays Short Treasury 9-12 Month Index, primarily due to out-of-benchmark allocations to investment grade corporate credit, particularly within the Financials and Industrials sectors, and Asset Backed Securities (ABS), specifically within auto and credit card ABS. Duration and yield curve positioning contributed positively to benchmark relative 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?

At the end of the period, the Fund was positioned with a pro-cyclical risk posture, favoring the credit and securitized sectors. We positioned the Fund this way based on expectations of continued U.S. economic growth momentum, driven by low unemployment, tax cuts, and investment spending. Against this positive macro backdrop, we believe inflation pressures are rising.

We expect the Fed to continue its gradual tightening path. However, new Fed leadership or rising inflation could alter the trajectory. Given our expectation for strong, sustained growth – both in the U.S. and abroad – combined with a moderate rise in inflation, the Fed should be able to achieve its projected three rate increases in 2018. As a result, the Fund was positioned with a short duration bias relative to the Bloomberg Barclays Short Treasury 9-12 Month Index at the end of the period.

The Fund continued to be positioned with out-of-benchmark allocations to investment grade corporates and ABS at the end of

54

Hartford Ultrashort Bond HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

2017. Within investment grade corporates, we favor U.S. banks, as higher interest rates should benefit net interest margins going forward, and balance sheets are very strong. Within ABS, we favor auto, credit card and equipment deals. The Fund also continued to hold government agency debt based on their attractive valuations versus U.S. Treasuries.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Fixed Income risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall; these risks are currently heightened due to the historically low interest rate environment. Mortgage- and asset-backed securities’ risks include credit, interest-rate, prepayment, and extension risk. Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. Mortgage- and asset-backed securities’ risks include credit, interest-rate, prepayment, and extension risk. 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, leverage, liquidity, index, pricing, and counterparty risk. The Fund may use repurchase agreements, which can increase risk and volatility. Privately placed, restricted (Rule 144A) securities may be more difficult to sell and value than publicly traded securities, thus they may be potentially illiquid.

Composition by Security Type

as of December 31, 2017

Category	Percentage of Net Assets
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		28.6	%
Corporate Bonds		45.4
Municipal Bonds		0.0	*
U.S. Government Agencies		8.2
U.S. Government Securities		17.3
Total		99.5	%
Short-Term Investments		0.3
Other Assets & Liabilities		0.2
Total		100.0	%

* Percentage rounds to zero.

55

Hartford U.S. Government Securities HLS Fund (Unaudited) 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.

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
U.S. Government Securities IA		1.32%		1.10%		2.05%
U.S. Government Securities IB		1.11%		0.86%		1.80%
Bloomberg Barclays Intermediate Government Bond Index		1.14%		0.92%		2.70%

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, 2017, 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.

Performance information through March 5, 2012 represents performance of the Fund’s previous sub-adviser, Hartford Investment Management Company (“HIMCO”). As of March 5, 2012, HIMCO no longer served as the sub-adviser to the Fund.

Bloomberg Barclays Intermediate Government Bond Index (reflects no deduction for fees, expenses or taxes) is an unmanaged index of government bonds with maturities of between one and ten years.

You cannot invest directly in an index.

As shown in the Fund’s current prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA and Class IB were 0.52% and 0.77%, respectively. Expenses shown include acquired fund fees and expenses. Actual

expenses may be higher. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

56

Hartford U.S. Government Securities HLS Fund

Manager Discussion

December 31, 2017 (Unaudited)

Portfolio Managers

Michael F. Garrett

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Brian Conroy, CFA

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 1.32% for the twelve-month period ended December 31, 2017, outperforming the Fund’s benchmark, the Bloomberg Barclays Intermediate Government Bond Index, which returned 1.14% for the same period. During the same period, the Fund underperformed the 1.60% 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?

Over the period, global fixed income markets generated solid gains. Escalating geopolitical tensions and serial disappointments in inflation data helped to contain the increase in sovereign debt yields prompted by a number of central banks ending quantitative easing. In the United States (U.S.), political controversies – in particular, the ongoing investigation into alleged involvement by Russia in the 2016 presidential election – led to a short-lived dip in risk assets. Elections in France and the United Kingdom (U.K.) presented potential sources of volatility, but proved benign in the aftermath. Despite concerns about prospects for retailers, particularly in the U.S., generally solid corporate earnings, strong global economic data, and continued demand for yield-producing assets supported credit markets and spreads tightened. Throughout the year, most developed market currencies strengthened versus the U.S. dollar (USD) as political uncertainty and continued skepticism about the U.S. Federal Reserve’s (Fed) projected rate-hiking path weighed on the currency, though the U.S. dollar recovered a bit during the fourth quarter of 2017.

Monetary policy continued on an incrementally more hawkish path throughout the year. (“Hawkish” generally describes a monetary policy that favors higher interest rates to mitigate the risk of inflation.) The Fed announced it would begin tapering its asset purchases in October 2017. The Fed increased rates three times in 2017 and also projected an additional three increases in 2018. At its October meeting, the European Central Bank (ECB) announced a reduction in its monthly asset purchases to €30 billion from €60 billion beginning in January 2018, but extended the purchase program through September 2018. Strong growth and inflation data prompted the Bank of Canada to increase rates for the first time in seven years while the Bank of England (BoE) increased interest rates for the first time in ten years; however the BoE’s press conference tilted dovish,

noting that future rate increases would depend on the stability of the transition of the U.K.’s exit from the E.U. (Brexit). (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.)

Developed markets’ government yields ended mixed over the period as improving global economic data were balanced by subdued inflation. In the U.S., the yield curve flattened; front-end yields, which were heavily influenced by Fed monetary policy expectations, rose, while longer-term rates declined. Most Eurozone government bond yields increased along with improving growth prospects across the region. Longer-term U.K. yields declined amid Brexit uncertainty. Japanese government bond yields, anchored by the Bank of Japan’s yield-targeting policy, were little changed.

Absolute returns in most major fixed income credit risk sectors were positive for each quarter of the year. On an excess return basis, all of the major credit risk sectors posted positive returns over the period, including securitized, high yield, emerging markets debt, and investment grade corporates, led by lower-rated sectors.

Out-of-benchmark allocations to non-agency residential mortgage-backed securities (RMBS), Fannie Mae Delegated Underwriting and Servicing Bonds (FNMA DUS), and asset-backed securities (ABS) were the primary drivers of outperformance relative to the Bloomberg Barclays Intermediate Government Bond Index over the period. Within non-agency RMBS, performance was driven by non-traditional and legacy prime sectors. Allocations to U.S. Treasury Inflation-Protected Securities (TIPS) and commercial mortgage-backed securities (CMBS), primarily agency, also contributed positively. Allocations to collateralized mortgage obligations (CMOs) and agency pass-through positioning had only modest impacts on benchmark relative returns. We used Treasury futures and interest rate swaps to manage duration and yield curve exposures; overall, these components had a positive impact on absolute performance over the period.

What is the outlook?

At the end of the period, the Fund was underweight agency mortgage backed securities (MBS) pass-throughs. Within the agency MBS sector, we are focused on positioning the Fund in investments that have less prepayment risk, such as FNMA DUS and CMOs. While we

57

Hartford U.S. Government Securities HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

do not see a significant near-term source of underperformance, historically tight spreads and ultra-low volatility leave us with a negative view of agency MBS pass-throughs. As a result, we have increased the Fund’s holdings away from agency MBS pass-throughs toward other sectors with attractive income and less sensitivity to prepayments or a pickup in volatility. In fact, while we often maintain this bias toward stability, the Fund’s MBS investments reflect their lowest weighting in agency pass-throughs since the financial crisis of 2008.

Mortgage spreads to Treasuries are historically tight – a reflection of the steady economic growth, benign inflation, and low volatility environment. Additionally, tight valuations in competing credit risk sectors are creating demand for MBS as investors de-risk and shift into high-quality assets. However, we do not favor an underweight to all sectors of the agency MBS market, given the ability to earn attractive income in what we believe is a “steady state” environment, which could continue for longer than expected. Instead, we have shifted the Fund’s investments to the more stable MBS sectors, positioning the Fund for an increase in volatility without a significant sacrifice in income.

The Fed has orchestrated a smooth balance-sheet exit so far, judging by the muted response from the agency MBS market. Still, the market may begin to price the Fed’s actions as its balance sheet begins to shrink more rapidly during 2018. Reinvestments by the Fed have provided significant support to the MBS market and spreads may still need to widen to absorb the resulting net new supply. Overall, we still expect a muted impact on the mortgage market, with the potential for a modest spread widening in agency MBS as tapering reinvestments progresses this year. Since the Fed has been very transparent over the timing and the measured pace of the plan, we expect the path to wider spreads will be very gradual, and partially offset by the benefit of MBS income.

Longer term, we still expect MBS spreads to remain toward the tight end of their range relative to long-term history based on what we consider to be their favorable supply relative to U.S. Treasuries, lower leverage in the system, a more stable buyer-base of long-term investors, a constrained mortgage credit environment, and lower refinancing risk.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Fixed Income risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall; these risks are currently heightened due to the historically low interest rate environment. The purchase of securities in the To-Be-Announced (TBA) market can result in additional price and counterparty risk. Mortgage- and asset-backed securities’ risks

include credit, interest-rate, prepayment, and extension risk. 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, leverage, liquidity, index, pricing, and counterparty risk. Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. Privately placed, restricted (Rule 144A) securities may be more difficult to sell and value than publicly traded securities, thus they may be potentially illiquid. The Fund may have high portfolio turnover, which could increase the Fund’s transaction costs.

Composition by Security Type

as of December 31, 2017

Category	Percentage of Net Assets
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		16.9	%
U.S. Government Agencies		65.3
U.S. Government Securities		22.5
Total		104.7	%
Short-Term Investments		0.5
Other Assets & Liabilities		(5.2	)
Total		100.0	%

58

Hartford Value HLS Fund (Unaudited) inception 04/30/2001

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

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 Returns (as of 12/31/17)

	1 Year		5 Years		10 Years
Value IA		15.44%		13.32%		7.27%
Value IB		15.04%		13.03%		6.99%
Russell 1000 Value Index		13.66%		14.04%		7.10%

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, 2017, 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.

Russell 1000 Value Index (reflects no deduction for fees, expenses or taxes) 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.

You cannot invest directly in an index.

As shown in the Fund’s prospectus dated May 1, 2017, the total annual fund operating expense ratios for Class IA and Class IB were 0.80% and 1.05%, respectively. The Fund filed with the U.S. Securities and Exchange Commission a supplement to its prospectus indicating that, effective January 1, 2018, Hartford Funds Management Company, LLC lowered its contractual management fee rate with respect to the Fund. The Fund’s total annual fund operating expense ratios for Class IA and Class IB as shown in the supplemented prospectus are 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, 2017.

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

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Effective December 31, 2017, the Fund was closed to new qualified pension and retirement plans until further notice. For more information, please see the Fund’s prospectus.

59

Hartford Value HLS Fund

Manager Discussion

December 31, 2017 (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 15.44% for the twelve-month period ended December 31, 2017, outperforming the Fund’s benchmark, the Russell 1000 Value Index, which returned 13.66% for the same period. During the same period, the Fund underperformed the 16.20% 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 over the period. Early in the first quarter of 2017, the Trump rally rolled on with continued confidence in tax reform, deregulation, and infrastructure spending, despite concerns about stretched valuations and overly optimistic policy expectations. The U.S. Federal Reserve (Fed) increased rates for the third time in a decade, but the market did not flinch. Risk-on sentiment stalled in March after the Republicans’ failure to repeal and replace the Affordable Care Act cast a cloud over the Trump administration’s pro-growth agenda. The rally continued into the second quarter of 2017, despite plunging oil prices, heightened political risk, and a rate increase from the Fed. In a well-telegraphed move, the Fed increased policy rates by another 0.25% in June. Volatility ticked up in June as investors gravitated back to the reflation trade (i.e., investing in assets that may be expected to benefit from rising economic growth and inflation), triggering rotations out of momentum and growth plays and into cyclical and value pockets of the market.

Despite continued White House turmoil and heightened U.S. tensions with Russia and North Korea, strong employment data and corporate earnings helped propel the S&P 500 Index to a series of new highs during the third quarter of 2017. In a widely anticipated move, the Fed announced that its balance sheet normalization program (i.e., a process of shrinking the Fed’s balance sheet) would begin in October, reiterating that the process would be gradual and predictable. Through the fourth quarter of 2017, low unemployment rates, robust corporate earnings, and strong consumer and business spending contributed positively to market sentiment. Tax reform was

a key area of focus at the end of the period, culminating with a $1.5 trillion tax reform bill signed into law by President Donald Trump at the end of December. In a widely anticipated move, the Fed raised the benchmark federal funds rate by 0.25%, to a range of 1.25% to 1.50%, citing labor market strength and a solid rate of economic growth. Jerome Powell’s nomination as the chair of the Fed provided markets with reasonable assurance that current central bank policies would be maintained in the near term.

During the period, returns varied by market-cap, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. During the twelve-month period, 9 of the eleven sectors within the Russell 1000 Value Index rose, led by Information Technology (+28%), Materials (+25%), and Financials (+21%). Telecommunication services (-3%) and Energy (-1%) lagged on a relative basis.

The Fund’s outperformance versus the Russell 1000 Value Index during the period was primarily driven by sector allocation, a residual of the bottom-up stock selection process. This was largely due to a benchmark-relative overweight to the Information Technology sector and underweights to the Telecommunication Services and Real Estate sectors, which was only partially offset by the negative impact of an overweight to Industrials. Security selection also contributed positively to benchmark-relative results. Selection within the Industrials, Consumer Discretionary, and Information Technology sectors contributed positively to relative performance. This was partially offset by weaker stock selection in the Healthcare sector.

The largest contributors to returns relative to the Russell 1000 Value Index during the period were PulteGroup (Consumer Discretionary), Caterpillar (Industrials), and AT&T (Telecommunication Services). Shares of PulteGroup, a U.S.-based homebuilder, rose during the period on strong earnings that beat consensus expectations. Shares of Caterpillar, a U.S.-based manufacturer of construction and mining equipment, rose as the company has been able to improve profitability amid a challenging sales environment. Cost cutting efforts

60

Hartford Value HLS Fund

Manager Discussion – (continued)

December 31, 2017 (Unaudited)

and restructuring have improved cash flow and strengthened the balance sheet. Shares of AT&T, a U.S.-based telecommunications company, fell during the period due to investor concerns that the Trump administration would find it difficult to pass policies such as corporate tax reform and deregulation which would otherwise provide a business investment tailwind for the company. AT&T also reported steeper-than-expected subscriber losses in both mobile and video, reflecting rising competitive pressures in both markets. Not holding this security contributed positively to relative performance. Top absolute contributors during the period included JPMorgan Chase (Financials) and Cisco Systems (Information Technology).

The top detractors from returns relative to the Russell 1000 Value Index over the period were Signet Jewelers (Consumer Discretionary), Viacom (Consumer Discretionary), and Allergan (Healthcare). Shares of Signet Jewelers, a U.S.-based retailer of affordable diamond, gold and silver jewelry, fell following the release of weak third quarter results, which noted a meaningfully more negative outlook for the fourth quarter due to disruptions in the transition of credit servicing. Shares of Viacom, a U.S.-based cable network programmer, fell during the period due to concerns that hit the broader industry related to domestic advertising spending, after companies in both the auto and electronics sectors reduced their ad budgets during the first quarter. Shares of Allergan, a global pharmaceutical company, fell as the market focused on a court ruling against the company in a patent lawsuit in October 2017. Top absolute detractors during the period included General Electric (Industrials) and Anadarko (Energy).

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?

With U.S. tax reform now enacted into law, we see the potential for a further acceleration in U.S. Gross Domestic Product (GDP) growth, driven by increases in consumer expenditures, corporate profits, and business spending. We are watching for a pick-up in inflation, as tax stimulus pulls forward growth in an economy with a low unemployment rate and decent current growth. The Fed continued to raise rates and shrink its balance sheet at a very measured pace. The consensus view calls for three federal funds rate increases during 2018.

The macro environment looks favorable for markets over the next few quarters, although risks remain. Equity markets closed out the year with historically low volatility in the face of the North Korean nuclear threat, Russian meddling in the U.S. election, and multiple hurricanes hitting the U.S. this past fall. Rates are low and are likely moving higher across the globe in our view, while the European Central Bank is tapering their quantitative easing program, and the U.K. is proceeding with their planned exit from the European Union.

Based on individual stock decisions, the Fund ended the period most overweight the Information Technology, Industrials, and Consumer Discretionary sectors, and most underweight the Consumer Staples, Real Estate, and Utilities sectors, relative to the Russell 1000 Value Index.

A Word about Risk

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”). The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if there are adverse economic consequences in those sectors. Value investing may go out of favor, which may cause the Fund to underperform the broader stock market.

Composition by Sector

as of December 31, 2017

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		9.8	%
Consumer Staples		4.7
Energy		10.3
Financials		28.4
Health Care		11.1
Industrials		11.5
Information Technology		13.1
Materials		3.0
Real Estate		1.0
Telecommunication Services		1.6
Utilities		3.4
Total		97.9	%
Short-Term Investments		2.1
Other Assets & Liabilities		0.0	*
Total		100.0	%

* Percentage rounds to zero.

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

61

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, 2017 through December 31, 2017. To the extent a Fund was subject to acquired fund fees and expenses during the period, acquired fund fees and expenses are not included in the annualized expense ratio below.

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 contract level or by a qualified pension or retirement plan. 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, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December  31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December  31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,083.70	$	3.31	$	1,000.00	$	1,022.03	$	3.21		0.63	%		184		365
Class IB	$	1,000.00	$	1,082.60	$	4.62	$	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, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December  31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December  31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,087.40	$	3.58	$	1,000.00	$	1,021.78	$	3.47		0.68	%		184		365
Class IB	$	1,000.00	$	1,085.80	$	4.89	$	1,000.00	$	1,020.52	$	4.74		0.93	%		184		365
Class IC	$	1,000.00	$	1,084.40	$	6.20	$	1,000.00	$	1,019.26	$	6.01		1.18	%		184		365

62

Hartford HLS Funds

Expense Examples (Unaudited) – (continued)

Hartford Disciplined Equity HLS Fund

	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December  31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December  31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,106.90	$	4.14	$	1,000.00	$	1,021.27	$	3.97		0.78	%		184		365
Class IB	$	1,000.00	$	1,105.50	$	5.47	$	1,000.00	$	1,020.01	$	5.24		1.03	%		184		365

Hartford Dividend and Growth HLS Fund

	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December  31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,106.90	$	3.61	$	1,000.00	$	1,021.78	$	3.47		0.68	%		184		365
Class IB	$	1,000.00	$	1,105.70	$	4.94	$	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, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,123.30	$	4.34	$	1,000.00	$	1,021.12	$	4.13		0.81	%		184		365
Class IB	$	1,000.00	$	1,121.80	$	5.67	$	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, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,112.10	$	3.51	$	1,000.00	$	1,021.88	$	3.36		0.66	%		184		365
Class IB	$	1,000.00	$	1,110.50	$	4.84	$	1,000.00	$	1,020.62	$	4.63		0.91	%		184		365
Class IC	$	1,000.00	$	1,109.20	$	6.17	$	1,000.00	$	1,019.36	$	5.90		1.16	%		184		365

63

Hartford HLS Funds

Expense Examples (Unaudited) – (continued)

Hartford Healthcare HLS Fund

	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,001.00	$	4.49	$	1,000.00	$	1,020.72	$	4.53		0.89	%		184		365
Class IB	$	1,000.00	$	1,000.20	$	5.75	$	1,000.00	$	1,019.46	$	5.80		1.14	%		184		365

Hartford High Yield HLS Fund

	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,030.30	$	3.89	$	1,000.00	$	1,021.37	$	3.87		0.76	%		184		365
Class IB	$	1,000.00	$	1,029.20	$	5.17	$	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, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,091.90	$	3.85	$	1,000.00	$	1,021.53	$	3.72		0.73	%		184		365
Class IB	$	1,000.00	$	1,090.60	$	5.16	$	1,000.00	$	1,020.27	$	4.99		0.98	%		184		365

Hartford MidCap HLS Fund

	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,110.70	$	3.72	$	1,000.00	$	1,021.68	$	3.57		0.70	%		184		365
Class IB	$	1,000.00	$	1,109.20	$	5.05	$	1,000.00	$	1,020.42	$	4.84		0.95	%		184		365

64

Hartford HLS Funds

Expense Examples (Unaudited) – (continued)

Hartford MidCap Value HLS Fund

	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December  31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,095.40	$	4.54	$	1,000.00	$	1,020.87	$	4.38		0.86	%		184		365
Class IB	$	1,000.00	$	1,093.30	$	5.86	$	1,000.00	$	1,019.61	$	5.65		1.11	%		184		365

Hartford Small Cap Growth HLS Fund

	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December  31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,093.30	$	3.43	$	1,000.00	$	1,021.93	$	3.31		0.65	%		184		365
Class IB	$	1,000.00	$	1,091.80	$	4.75	$	1,000.00	$	1,020.67	$	4.58		0.90	%		184		365

Hartford Small Company HLS Fund

	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December  31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,120.70	$	4.17	$	1,000.00	$	1,021.27	$	3.97		0.78	%		184		365
Class IB	$	1,000.00	$	1,119.20	$	5.50	$	1,000.00	$	1,020.01	$	5.24		1.03	%		184		365

Hartford Small/Mid Cap Equity HLS Fund

	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December  31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,109.70	$	4.89	$	1,000.00	$	1,020.57	$	4.69		0.92	%		184		365
Class IB	$	1,000.00	$	1,107.50	$	6.22	$	1,000.00	$	1,019.31	$	5.96		1.17	%		184		365

65

Hartford HLS Funds

Expense Examples (Unaudited) – (continued)

Hartford Stock HLS Fund

	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December  31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,097.10	$	2.75	$	1,000.00	$	1,022.58	$	2.65		0.52	%		184		365
Class IB	$	1,000.00	$	1,095.60	$	4.07	$	1,000.00	$	1,021.32	$	3.92		0.77	%		184		365

Hartford Total Return Bond HLS Fund

	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,017.60	$	2.59	$	1,000.00	$	1,022.64	$	2.60		0.51	%		184		365
Class IB	$	1,000.00	$	1,014.90	$	3.86	$	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, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December  31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	1,005.10	$	2.27	$	1,000.00	$	1,022.94	$	2.29		0.45	%		184		365
Class IB	$	1,000.00	$	1,004.00	$	3.54	$	1,000.00	$	1,021.68	$	3.57		0.70	%		184		365

Hartford U.S. Government Securities HLS Fund

	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December  31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA	$	1,000.00	$	998.60	$	2.52	$	1,000.00	$	1,022.69	$	2.55		0.50	%		184		365
Class IB	$	1,000.00	$	997.60	$	3.78	$	1,000.00	$	1,021.43	$	3.82		0.75	%		184		365

66

Hartford HLS Funds

Expense Examples (Unaudited) – (continued)

Hartford Value HLS Fund

	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December  31, 2017		Beginning Account Value July 1, 2017		Ending Account Value December 31, 2017		Expenses paid during the period July 1, 2017 through December 31, 2017		Annualized expense ratio			Days in the current 1/2 year		Days in the full year
Class IA(1)	$	1,000.00	$	1,088.80	$	4.21	$	1,000.00	$	1,021.17	$	4.08		0.80	%		184		365
Class IB(2)	$	1,000.00	$	1,087.00	$	5.52	$	1,000.00	$	1,019.91	$	5.35		1.05	%		184		365

⁽¹⁾  Effective January 1, 2018, Hartford Funds Management Company, LLC lowered its contractual management fee rate set forth in the investment management agreement for the Hartford Value HLS Fund. If this new management fee rate were in effect during the period, the annualized expense ratio would have been 0.72%, and the expenses paid in the actual and hypothetical examples would have been $3.79 and $3.67, respectively.

⁽²⁾  Effective January 1, 2018, Hartford Funds Management Company, LLC lowered its contractual management fee rate set forth in the investment management agreement for the Hartford Value HLS Fund. If this new management fee rate were in effect during the period, the annualized expense ratio would have been 0.97%, and the expenses paid in the actual and hypothetical examples would have been $5.10 and $4.94, respectively.

67

Hartford Balanced HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 66.7%
		Banks - 7.2%
	1,207,570	Bank of America Corp.	$	35,647,466
	400,720	Citigroup, Inc.		29,817,575
	385,810	JP Morgan Chase & Co.		41,258,521
	147,420	PNC Financial Services Group, Inc.		21,271,232
	698,280	Wells Fargo & Co.		42,364,648
				170,359,442
		Capital Goods - 4.8%
	100,480	3M Co.		23,649,978
	95,580	Caterpillar, Inc.		15,061,496
	276,080	Eaton Corp. plc		21,813,081
	232,360	Fortune Brands Home & Security, Inc.		15,902,718
	180,230	Ingersoll-Rand plc		16,074,714
	177,320	United Technologies Corp.		22,620,712
				115,122,699
		Commercial & Professional Services - 1.2%
	118,760	Dun & Bradstreet Corp.		14,062,372
	407,770	Nielsen Holdings plc		14,842,828
				28,905,200
		Consumer Durables & Apparel - 1.4%
	273,630	NIKE, Inc. Class B		17,115,556
	509,040	PulteGroup, Inc.		16,925,580
				34,041,136
		Consumer Services - 1.4%
	247,896	Hilton Worldwide Holdings, Inc.		19,796,975
	255,700	Norwegian Cruise Line Holdings Ltd.*		13,616,025
				33,413,000
		Diversified Financials - 1.5%
	31,270	BlackRock, Inc.		16,063,712
	555,410	Invesco Ltd.		20,294,681
				36,358,393
		Energy - 4.3%
	238,975	Chevron Corp.		29,917,280
	110,610	Diamondback Energy, Inc.*		13,964,513
	138,980	EOG Resources, Inc.		14,997,332
	169,880	Exxon Mobil Corp.		14,208,763
	325,150	Halliburton Co.		15,890,080
	354,590	Suncor Energy, Inc.		13,020,545
				101,998,513
		Food, Beverage & Tobacco - 3.0%
	308,234	British American Tobacco plc		20,836,250
	168,916	Kraft Heinz Co.		13,134,908
	328,240	Mondelez International, Inc. Class A		14,048,672
	225,620	Philip Morris International, Inc.		23,836,753
				71,856,583
		Health Care Equipment & Services - 3.4%
	422,910	Boston Scientific Corp.*		10,483,939
	324,555	Medtronic plc		26,207,816
	140,130	UnitedHealth Group, Inc.		30,893,060
	113,900	Universal Health Services, Inc. Class B		12,910,565
				80,495,380
		Household & Personal Products - 0.6%
	267,200	Unilever N.V.		15,048,704

Shares or Principal Amount			Market Value†
COMMON STOCKS - 66.7% - (continued)
		Insurance - 2.9%
	423,990	American International Group, Inc.	$	25,261,324
	238,360	Marsh & McLennan Cos., Inc.		19,400,121
	211,040	Unum Group		11,583,986
	372,490	XL Group Ltd.		13,096,748
				69,342,179
		Materials - 2.2%
	454,550	DowDuPont, Inc.		32,373,051
	335,900	International Paper Co.		19,462,046
				51,835,097
		Media - 2.1%
	724,420	Comcast Corp. Class A		29,013,021
	651,960	Viacom, Inc. Class B		20,086,888
				49,099,909
		Pharmaceuticals, Biotechnology & Life Sciences - 6.2%
	129,150	Allergan plc		21,126,357
	132,330	Amgen, Inc.		23,012,187
	497,350	AstraZeneca plc ADR		17,258,045
	366,940	Bristol-Myers Squibb Co.		22,486,083
	161,100	Eisai Co., Ltd.		9,152,022
	393,250	Merck & Co., Inc.		22,128,178
	73,740	Roche Holding AG		18,645,542
	81,710	Vertex Pharmaceuticals, Inc.*		12,245,061
				146,053,475
		Real Estate - 0.8%
	646,544	Park Hotels & Resorts, Inc. REIT		18,588,140
		Retailing - 3.5%
	11,702,200	Allstar Co.*(1)(2)(3)(4)		2,340,440
	165,310	Home Depot, Inc.		31,331,204
	642,010	Liberty Interactive Corp. QVC Group Class A*		15,677,884
	8,240	Priceline Group, Inc.*		14,318,978
	212,290	TJX Cos., Inc.		16,231,693
	67,006	Tory Burch LLC(1)(2)(3)(4)		3,296,034
				83,196,233
		Semiconductors & Semiconductor Equipment - 4.2%
	214,850	Analog Devices, Inc.		19,128,095
	714,870	Intel Corp.		32,998,399
	275,570	Maxim Integrated Products, Inc.		14,406,800
	525,760	QUALCOMM, Inc.		33,659,155
				100,192,449
		Software & Services - 8.8%
	67,725	Alphabet, Inc. Class C*		70,867,440
	233,740	Cognizant Technology Solutions Corp. Class A		16,600,215
	622,240	eBay, Inc.*		23,483,337
	212,680	Facebook, Inc. Class A*		37,529,513
	693,230	Microsoft Corp.		59,298,894
				207,779,399
		Technology Hardware & Equipment - 4.4%
	276,030	Apple, Inc.		46,712,557
	945,650	Cisco Systems, Inc.		36,218,395
	373,960	NetApp, Inc.		20,687,467
				103,618,419
		Transportation - 1.2%
	210,510	Union Pacific Corp.		28,229,391

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

68

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 66.7% - (continued)
		Utilities - 1.6%
	240,010	NextEra Energy, Inc.	$	37,487,162
		Total Common Stocks (cost $1,086,017,410)	$	1,583,020,903
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 4.0%
		Asset-Backed - Automobile - 0.6%
$	345,000	ARI Fleet Lease Trust 1.91%, 04/15/2026(1)	$	344,231
	655,000	Canadian Pacer Auto Receivables Trust 2.05%, 03/19/2021(1)		651,840
	225,000	CarMax Auto Owner Trust 1.95%, 09/16/2019		225,002
		Chesapeake Funding LLC
	1,305,000	1.91%, 08/15/2029(1)		1,298,378
	1,000,000	1 mo. USD LIBOR + 1.000%, 1.93%, 05/15/2029(1)(5)		1,002,155
	1,718,283	1 mo. USD LIBOR + 1.000%, 2.48%, 06/15/2028(1)(5)		1,727,856
		Enterprise Fleet Financing LLC
	840,000	1.97%, 01/20/2023(1)		838,315
	489,244	2.13%, 07/20/2022(1)		489,245
	905,000	2.13%, 05/22/2023(1)		903,395
		First Investors Auto Owner Trust
	247,791	1.67%, 11/16/2020(1)		247,682
	375,494	1.86%, 10/15/2021(1)		375,018
	1,239,749	2.00%, 03/15/2022(1)		1,238,136
	304,025	Hyundai Auto Receivables Trust 2.48%, 03/15/2019		304,122
	645,000	OneMain Direct Auto Receivables Trust 2.31%, 12/14/2021(1)		644,514
	192,203	Prestige Auto Receivables Trust 1.91%, 04/15/2020(1)		192,211
		Santander Drive Auto Receivables Trust
	124,368	2.33%, 11/15/2019		124,501
	236,669	2.36%, 04/15/2020		236,753
		Securitized Term Auto Receivables Trust
	1,785,000	1.52%, 03/25/2020(1)		1,777,868
	550,000	2.04%, 04/26/2021(1)		546,918
	150,201	Westlake Automobile Receivables Trust 1.57%, 06/17/2019(1)		150,142
		Wheels SPV LLC
	264,624	1.59%, 05/20/2025(1)		263,918
	765,000	1.88%, 04/20/2026(1)		761,872
				14,344,072
		Asset-Backed - Credit Card - 0.5%
	2,665,000	CARDS Trust 1 mo. USD LIBOR + 0.700%, 2.18%, 07/15/2021(1)(5)		2,672,794
	3,275,000	Evergreen Credit Card Trust 1 mo. USD LIBOR + 0.720%, 2.20%, 04/15/2020(1)(5)		3,281,099
	4,330,000	Trillium Credit Card Trust 1 mo. USD LIBOR + 0.720%, 2.27%, 05/26/2021(1)(5)		4,340,899
				10,294,792
		Asset-Backed - Finance & Insurance - 1.9%
	2,755,000	Ajax Mortgage Loan Trust 3.16%, 09/25/2056(1)(6)		2,754,992

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 4.0% - (continued)
		Asset-Backed - Finance & Insurance - 1.9% - (continued)
$	3,480,000	Atlas Senior Loan Fund Ltd. 3 mo. USD LIBOR + 1.300%, 2.61%, 01/16/2030(1)(5)	$	3,501,141
	732,432	Bayview Koitere Fund Trust 4.00%, 11/28/2053(1)(6)		754,355
		Bayview Opportunity Master Fund Trust
	765,242	3.50%, 01/28/2055(1)(6)		775,796
	797,532	3.50%, 06/28/2057(1)(6)		808,602
	1,455,893	3.50%, 07/28/2057(1)(6)		1,484,219
	990,443	4.00%, 10/28/2064(1)(6)		1,019,779
	2,000,000	BlueMountain CLO Ltd. 3 mo. USD LIBOR + 1.600%, 2.96%, 10/15/2026(1)(5)		2,001,184
	2,000,000	CIFC Funding Ltd. 3 mo. USD LIBOR + 1.600%, 2.95%, 04/18/2025(1)(5)		2,001,216
	1,015,000	CNH Equipment Trust 1.75%, 04/15/2021		1,014,969
		Ford Credit Floorplan Master Owner Trust
	2,575,000	1.75%, 07/15/2021		2,550,701
	430,000	2.09%, 03/15/2022(1)		428,433
	1,040,000	GreatAmerica Leasing Receivables Funding LLC 2.36%, 01/20/2023(1)		1,033,925
	1,465,000	KKR CLO Ltd. 3 mo. USD LIBOR + 1.340%, 2.70%, 04/15/2029(1)(5)		1,478,031
	4,000,000	Madison Park Funding Ltd. 3 mo. USD LIBOR + 1.120%, 2.48%, 07/20/2026(1)(5)		4,017,648
		MMAF Equipment Finance LLC
	428,925	1.39%, 12/17/2018(1)		428,620
	506,014	1.73%, 05/18/2020(1)		505,312
	665,000	2.21%, 10/17/2022(1)		662,068
	1,000,000	2.21%, 12/15/2032(1)		980,190
		Nationstar HECM Loan Trust
	397,463	1.97%, 05/25/2027(1)		396,863
	427,192	2.04%, 09/25/2027(1)(6)		426,434
	3,825,000	Oaktree EIF Ltd. 3 mo. USD LIBOR + 1.150%, 2.57%, 11/15/2025(1)(5)		3,841,750
	2,465,000	Octagon Loan Funding Ltd. 3 mo. USD LIBOR + 1.140%, 2.58%, 11/18/2026(1)(5)		2,477,705
		OneMain Financial Issuance Trust
	440,000	3.66%, 02/20/2029(1)		447,075
	870,000	4.10%, 03/20/2028(1)		881,239
	1,565,078	SBA Tower Trust 2.90%, 10/15/2044(1)(7)		1,568,839
		Springleaf Funding Trust
	440,000	2.90%, 11/15/2029(1)		440,648
	1,765,000	3.16%, 11/15/2024(1)		1,772,009
	755,000	3.48%, 05/15/2028(1)		763,129
	1,965,000	SPS Servicer Advance Receivables Trust 2.53%, 11/16/2048(1)		1,947,753
		Towd Point Mortgage Trust
	1,369,443	2.75%, 10/25/2056(1)(6)		1,367,686
	358,821	2.75%, 04/25/2057(1)(6)		358,550
	956,555	2.75%, 06/25/2057(1)(6)		952,581
				45,843,442

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

69

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 4.0% - (continued)
		Asset-Backed - Home Equity - 0.0%
$	36	New Century Home Equity Loan Trust 1 mo. USD LIBOR + 0.580%, 2.13%, 03/25/2035(5)	$	36
		Commercial Mortgage-Backed Securities - 0.7%
	1,575,000	Commercial Mortgage Trust 3.18%, 02/10/2048		1,593,887
		CSAIL Commercial Mortgage Trust
	3,200,000	3.50%, 06/15/2057		3,277,941
	3,400,000	3.51%, 04/15/2050		3,500,766
	2,220,000	CSMC Trust 2.76%, 04/05/2033(1)		2,225,324
	385,000	FREMF Mortgage Trust 3.36%, 05/25/2045(1)(6)		388,425
	710,000	JP Morgan Chase Commercial Mortgage Securities Trust 3.91%, 01/15/2049		750,927
	448,576	LB-UBS Commercial Mortgage Trust 6.32%, 04/15/2041(6)		449,338
	3,100,000	Morgan Stanley Bank of America Merrill Lynch Trust 3.31%, 04/15/2048		3,160,031
	1,000,000	SFAVE Commercial Mortgage Securities Trust 4.14%, 01/05/2043(1)(6)		1,023,243
				16,369,882
		Whole Loan Collateral CMO - 0.3%
	628,427	Angel Oak Mortgage Trust LLC 2.71%, 11/25/2047(1)(6)		624,176
		Deephaven Residential Mortgage Trust
	803,999	2.45%, 06/25/2047(1)(6)		795,044
	735,471	2.58%, 10/25/2047(1)(6)		735,425
	374,679	2.73%, 12/26/2046(1)(6)		372,778
	686,185	Finance of America Structured Securities Trust 2.32%, 11/25/2027(1)(6)		685,956
	884,281	MetLife Securitization Trust 3.00%, 04/25/2055(1)(6)		893,135
		Mill City Mortgage Loan Trust
	447,187	2.50%, 04/25/2057(1)(6)		444,442
	1,070,845	2.75%, 01/25/2061(1)(6)		1,069,516
	1,259,545	New Residential Mortgage Loan Trust 4.00%, 04/25/2057(1)(6)		1,297,071
	1,012,168	Towd Point Mortgage Trust 2.25%, 04/25/2056(1)(6)		1,002,491
				7,920,034
		Total Asset & Commercial Mortgage Backed Securities (cost $95,200,079)	$	94,772,258
CORPORATE BONDS - 18.6%
		Aerospace/Defense - 0.1%
	850,000	BAE Systems Holdings, Inc. 3.85%, 12/15/2025(1)	$	881,498
		Lockheed Martin Corp.
	1,000,000	4.07%, 12/15/2042		1,052,740
	256,000	4.50%, 05/15/2036		287,053
	560,000	4.85%, 09/15/2041		640,120
				2,861,411
		Agriculture - 0.3%
		Altria Group, Inc.
	560,000	4.50%, 05/02/2043		608,485
	1,995,000	4.75%, 05/05/2021		2,139,400

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 18.6% - (continued)
		Agriculture - 0.3% - (continued)
		BAT International Finance plc
$	685,000	2.75%, 06/15/2020(1)	$	688,350
	2,775,000	3.25%, 06/07/2022(1)		2,815,755
	290,000	3.50%, 06/15/2022(1)		296,667
	1,065,000	Imperial Brands Finance plc 3.75%, 07/21/2022(1)		1,100,573
		Philip Morris International, Inc.
	325,000	4.88%, 11/15/2043		371,208
	270,000	5.65%, 05/16/2018		273,848
				8,294,286
		Airlines - 0.2%
	2,976,434	Continental Airlines, Inc. 5.98%, 04/19/2022		3,245,206
	2,107,622	Southwest Airlines Co. 6.15%, 08/19/2020		2,292,460
				5,537,666
		Auto Manufacturers - 0.5%
		Daimler Finance North America LLC
	150,000	2.25%, 07/31/2019(1)		150,275
	1,440,000	2.30%, 02/12/2021(1)		1,427,788
	665,000	Ford Motor Co. 4.35%, 12/08/2026		693,318
	4,200,000	Ford Motor Credit Co. LLC 3.10%, 05/04/2023		4,175,941
		General Motors Financial Co., Inc.
	3,185,000	3.70%, 05/09/2023		3,248,455
	1,245,000	3.95%, 04/13/2024		1,281,715
	580,000	Volkswagen Group of America Finance LLC 2.45%, 11/20/2019(1)		579,648
				11,557,140
		Beverages - 0.3%
		Anheuser-Busch InBev Finance, Inc.
	1,750,000	3.65%, 02/01/2026		1,805,961
	310,000	4.70%, 02/01/2036		346,626
	280,000	4.90%, 02/01/2046		324,517
	480,000	Anheuser-Busch InBev Worldwide, Inc. 3.75%, 07/15/2042		466,833
		Coca-Cola Femsa S.A.B. de C.V.
	530,853	2.38%, 11/26/2018		532,136
	1,300,000	3.88%, 11/26/2023		1,359,858
	245,000	Constellation Brands, Inc. 2.70%, 05/09/2022		243,801
		Molson Coors Brewing Co.
	765,000	3.50%, 05/01/2022		785,736
	215,000	5.00%, 05/01/2042		243,819
				6,109,287
		Biotechnology - 0.2%
	1,340,000	Biogen, Inc. 2.90%, 09/15/2020		1,358,253
		Celgene Corp.
	230,000	2.25%, 05/15/2019		229,687
	770,000	3.55%, 08/15/2022		793,123
	535,000	3.63%, 05/15/2024		550,217
		Gilead Sciences, Inc.
	335,000	2.55%, 09/01/2020		337,977
	930,000	3.70%, 04/01/2024		972,956
				4,242,213

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

70

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 18.6% - (continued)
		Chemicals - 0.1%
$	1,950,000	Agrium, Inc. 3.15%, 10/01/2022	$	1,972,015
	965,000	CNAC HK Synbridge Co., Ltd. 5.00%, 05/05/2020		982,100
				2,954,115
		Commercial Banks - 5.0%
	1,400,000	Banco Santander S.A. 3.13%, 02/23/2023		1,392,876
		Bank of America Corp.
	1,220,000	2.63%, 10/19/2020		1,230,243
	1,799,000	3.42%, 12/20/2028(1)(6)		1,799,387
	1,610,000	3 mo. USD LIBOR + 1.370%, 3.59%, 07/21/2028(5)		1,636,490
	2,950,000	4.20%, 08/26/2024		3,106,559
	6,000,000	6.88%, 04/25/2018		6,091,663
	2,020,000	Bank of New York Mellon Corp. 2.15%, 02/24/2020		2,017,113
	2,830,000	Banque Federative du Credit Mutuel S.A. 2.75%, 10/15/2020(1)		2,848,743
	2,740,000	Barclays plc 3.20%, 08/10/2021		2,754,738
		BNP Paribas S.A.
	2,075,000	2.40%, 12/12/2018		2,080,854
	590,000	2.95%, 05/23/2022(1)		591,284
	2,410,000	3.50%, 11/16/2027(1)		2,398,811
		BPCE S.A.
	365,000	2.50%, 12/10/2018		366,026
	305,000	3.00%, 05/22/2022(1)		304,831
	2,025,000	3.50%, 10/23/2027(1)		1,992,582
	2,225,000	5.15%, 07/21/2024(1)		2,412,579
		Capital One Financial Corp.
	2,875,000	3.75%, 04/24/2024		2,953,526
	815,000	4.20%, 10/29/2025		838,491
		Citigroup, Inc.
	1,220,000	2.50%, 07/29/2019		1,223,744
	2,355,000	3 mo. USD LIBOR + 1.151%, 3.52%, 10/27/2028(5)		2,366,110
	533,000	5.30%, 05/06/2044		629,300
	290,000	8.13%, 07/15/2039		463,689
	1,695,000	Citizens Bank NA 2.55%, 05/13/2021		1,688,726
	505,000	Compass Bank 2.75%, 09/29/2019		506,397
		Credit Agricole S.A.
	950,000	2.50%, 04/15/2019(1)		953,176
	1,025,000	3.25%, 10/04/2024(1)		1,018,104
	790,000	4.38%, 03/17/2025(1)		824,954
		Credit Suisse AG
	945,000	2.30%, 05/28/2019		945,914
	855,000	3.00%, 10/29/2021		863,773
	250,000	3.63%, 09/09/2024		258,685
	530,000	Credit Suisse Group AG 3.57%, 01/09/2023(1)		538,857
		Credit Suisse Group Funding Guernsey Ltd.
	1,425,000	3.75%, 03/26/2025		1,454,052
	1,885,000	3.80%, 09/15/2022		1,944,452
	2,210,000	Deutsche Bank AG 4.25%, 10/14/2021		2,299,207

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 18.6% - (continued)
		Commercial Banks - 5.0% - (continued)
		Goldman Sachs Group, Inc.
$	3,335,000	2.38%, 01/22/2018	$	3,335,682
	1,700,000	6.15%, 04/01/2018		1,717,892
	2,590,000	6.25%, 02/01/2041		3,490,280
		HSBC Holdings plc
	1,030,000	3.40%, 03/08/2021		1,052,760
	4,625,000	3.60%, 05/25/2023		4,758,468
	370,000	3 mo. USD LIBOR + 1.546%, 4.04%, 03/13/2028(5)		385,592
		Huntington National Bank
	2,120,000	2.20%, 11/06/2018		2,121,883
	1,490,000	2.40%, 04/01/2020		1,487,509
		ING Groep N.V.
	345,000	3.15%, 03/29/2022		349,126
	1,100,000	3.95%, 03/29/2027		1,146,778
		JP Morgan Chase & Co.
	2,240,000	3.25%, 09/23/2022		2,293,428
	2,000,000	4.95%, 03/25/2020		2,113,120
	705,000	5.40%, 01/06/2042		885,316
	2,600,000	Korea Development Bank 2.50%, 03/11/2020		2,580,260
	470,000	Macquarie Bank Ltd. 2.40%, 01/21/2020(1)		468,848
		Morgan Stanley
	4,875,000	2.50%, 01/24/2019		4,887,418
	1,450,000	3.13%, 07/27/2026		1,430,178
	1,800,000	3.63%, 01/20/2027		1,842,218
	1,000,000	3.70%, 10/23/2024		1,033,328
	515,000	4.30%, 01/27/2045		555,468
	250,000	5.63%, 09/23/2019		263,454
	4,250,000	National City Corp. 6.88%, 05/15/2019		4,505,997
	4,905,000	NBK SPC Ltd. 2.75%, 05/30/2022(1)		4,821,615
	1,755,000	Santander Holdings USA, Inc. 3.40%, 01/18/2023(1)		1,748,162
		Santander UK plc
	1,375,000	2.50%, 03/14/2019		1,379,226
	2,150,000	5.00%, 11/07/2023(1)		2,297,402
	1,775,000	Societe Generale S.A. 3.25%, 01/12/2022(1)		1,791,259
	640,000	SunTrust Bank 3.30%, 05/15/2026		633,850
		UBS Group Funding Switzerland AG
	1,665,000	2.95%, 09/24/2020(1)		1,682,349
	1,900,000	3.00%, 04/15/2021(1)		1,913,337
		Wells Fargo & Co.
	4,344,000	4.48%, 01/16/2024		4,668,860
	850,000	4.75%, 12/07/2046		949,993
				119,386,992
		Commercial Services - 0.4%
		Catholic Health Initiatives
	765,000	2.60%, 08/01/2018		767,432
	1,854,000	2.95%, 11/01/2022		1,837,950
	245,000	4.35%, 11/01/2042		236,517
		ERAC USA Finance LLC
	655,000	2.35%, 10/15/2019(1)		653,131
	1,800,000	4.50%, 08/16/2021(1)		1,898,456

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

71

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 18.6% - (continued)
		Commercial Services - 0.4% - (continued)
$	1,500,000	5.63%, 03/15/2042(1)	$	1,771,194
	2,545,000	Total System Services, Inc. 3.80%, 04/01/2021		2,608,539
				9,773,219
		Diversified Financial Services - 0.9%
	1,655,000	Capital One Bank USA NA 2.15%, 11/21/2018		1,655,043
	2,475,000	CDP Financial, Inc. 4.40%, 11/25/2019(1)		2,572,194
		GE Capital International Funding Co.
	1,139,000	2.34%, 11/15/2020		1,133,749
	2,222,000	4.42%, 11/15/2035		2,404,774
	1,910,000	LeasePlan Corp. N.V. 2.88%, 01/22/2019(1)		1,911,294
	7,637,711	Postal Square L.P. 8.95%, 06/15/2022		8,874,859
		Synchrony Financial
	2,045,000	2.60%, 01/15/2019		2,048,868
	520,000	2.70%, 02/03/2020		521,300
	355,000	3.00%, 08/15/2019		357,469
				21,479,550
		Electric - 2.1%
	1,300,000	Berkshire Hathaway Energy Co. 4.50%, 02/01/2045		1,453,310
	1,960,000	Cleveland Electric Illuminating Co. 3.50%, 04/01/2028(1)		1,962,140
		Dominion Energy, Inc.
	2,850,000	3.63%, 12/01/2024		2,949,591
	1,750,000	4.10%, 04/01/2021(7)		1,821,135
	725,000	Dominion Energy, Inc. 2.96%, 07/01/2019(7)		730,613
	1,200,000	Duke Energy Carolinas LLC 6.10%, 06/01/2037		1,587,942
	855,000	Duke Energy Corp. 2.65%, 09/01/2026		819,233
	1,375,000	Electricite de France S.A. 10 year USD Swap + 3.041%, 5.63%, 01/22/2024(1)(5)(8)		1,419,687
	365,000	Emera U.S. Finance L.P. 2.70%, 06/15/2021		364,111
	1,305,000	Entergy Corp. 2.95%, 09/01/2026		1,269,692
	285,000	Eversource Energy 3.15%, 01/15/2025		286,076
	1,995,000	FirstEnergy Corp. 3.90%, 07/15/2027		2,044,168
	1,705,000	Fortis, Inc. 3.06%, 10/04/2026		1,646,254
	1,000,000	Georgia Power Co. 5.95%, 02/01/2039		1,260,399
	1,275,000	Indianapolis Power and Light Co. 6.60%, 06/01/2037(1)		1,641,747
	515,000	Infraestructura Energetica Nova S.A.B. de C.V. 4.88%, 01/14/2048(1)		495,044
	1,700,000	NextEra Energy Capital Holdings, Inc. 3.55%, 05/01/2027		1,731,695
	340,000	NiSource Finance Corp. 4.80%, 02/15/2044		384,881

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 18.6% - (continued)
		Electric - 2.1% - (continued)
$	750,000	Oglethorpe Power Corp. 5.25%, 09/01/2050	$	862,206
		Oncor Electric Delivery Co. LLC
	385,000	2.95%, 04/01/2025		384,121
	1,185,000	4.10%, 06/01/2022		1,248,156
		Pacific Gas & Electric Co.
	695,000	3.85%, 11/15/2023		724,788
	100,000	3.95%, 12/01/2047(1)		99,389
	45,000	4.30%, 03/15/2045		47,021
	45,000	4.75%, 02/15/2044		49,886
	550,000	5.13%, 11/15/2043		642,053
	1,125,000	5.40%, 01/15/2040		1,356,915
	851,000	5.80%, 03/01/2037		1,061,975
	265,000	6.05%, 03/01/2034		334,017
	55,000	6.25%, 03/01/2039		71,492
	55,000	6.35%, 02/15/2038		72,719
		SCANA Corp.
	2,031,000	4.13%, 02/01/2022		2,074,209
	2,780,000	4.75%, 05/15/2021		2,882,623
	1,100,000	6.25%, 04/01/2020		1,167,708
		South Carolina Electric & Gas Co.
	215,000	4.35%, 02/01/2042		224,607
	205,000	4.60%, 06/15/2043		221,460
	1,180,000	6.05%, 01/15/2038		1,474,863
	2,000,000	Southern California Edison Co. 5.55%, 01/15/2037		2,520,058
		Southern Co.
	1,450,000	2.75%, 06/15/2020		1,459,182
	2,050,000	2.95%, 07/01/2023		2,051,004
		State Grid Overseas Investment Ltd.
	1,795,000	2.75%, 05/07/2019(1)		1,801,630
	1,485,000	2.75%, 05/04/2022(1)		1,471,938
	1,490,000	3.50%, 05/04/2027(1)		1,497,203
				49,668,941
		Engineering & Construction - 0.1%
	1,300,000	Mexico City Airport Trust 5.50%, 07/31/2047(1)		1,283,750
	1,235,000	SBA Tower Trust 2.88%, 07/09/2021(1)		1,225,737
				2,509,487
		Food - 0.3%
		Kraft Heinz Foods Co.
	530,000	3.00%, 06/01/2026		510,008
	2,030,000	3.50%, 07/15/2022		2,076,186
	1,890,000	4.38%, 06/01/2046		1,872,139
		Kroger Co.
	620,000	3.30%, 01/15/2021		632,316
	1,065,000	4.00%, 02/01/2024		1,106,462
	250,000	4.45%, 02/01/2047		249,622
	680,000	Sigma Alimentos S.A. de C.V. 4.13%, 05/02/2026(1)		685,950
				7,132,683
		Forest Products & Paper - 0.0%
	260,000	International Paper Co. 4.35%, 08/15/2048		271,450
		Gas - 0.2%
	330,000	Boston Gas Co. 3.15%, 08/01/2027(1)		328,939

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

72

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 18.6% - (continued)
		Gas - 0.2% - (continued)
$	1,870,000	KeySpan Gas East Corp. 2.74%, 08/15/2026(1)	$	1,817,838
	1,910,000	Sempra Energy 3.25%, 06/15/2027		1,900,658
				4,047,435
		Healthcare - Products - 0.1%
		Medtronic, Inc.
	545,000	2.50%, 03/15/2020		548,226
	775,000	3.15%, 03/15/2022		793,790
	1,230,000	3.50%, 03/15/2025		1,275,937
	310,000	3.63%, 03/15/2024		324,651
	192,000	4.38%, 03/15/2035		216,444
				3,159,048
		Healthcare - Services - 0.6%
	1,655,000	Aetna, Inc. 2.80%, 06/15/2023		1,628,820
		Anthem, Inc.
	421,000	3.30%, 01/15/2023		427,174
	580,000	4.38%, 12/01/2047		616,680
	675,000	4.65%, 08/15/2044		741,307
	590,000	Catholic Health Initiatives 4.20%, 08/01/2023		610,971
		Dignity Health
	180,000	2.64%, 11/01/2019		179,783
	380,000	3.81%, 11/01/2024		392,338
	1,353,000	4.50%, 11/01/2042		1,354,303
	1,770,000	Humana, Inc. 2.90%, 12/15/2022		1,767,067
	521,000	Kaiser Foundation Hospitals 3.50%, 04/01/2022		536,345
	2,000,000	Mercy Health 3.56%, 08/01/2027		2,008,315
	1,885,000	SSM Health Care Corp. 3.82%, 06/01/2027		1,954,777
		UnitedHealth Group, Inc.
	920,000	3.35%, 07/15/2022		950,020
	1,440,000	3.75%, 07/15/2025		1,517,796
				14,685,696
		Household Products - 0.2%
	4,771,456	Procter & Gamble Co. 9.36%, 01/01/2021		5,284,817
		Insurance - 0.4%
	1,445,000	Berkshire Hathaway, Inc. 2.75%, 03/15/2023		1,454,443
		Chubb INA Holdings, Inc.
	495,000	2.30%, 11/03/2020		494,212
	840,000	3.35%, 05/15/2024		865,202
	200,000	Five Corners Funding Trust 4.42%, 11/15/2023(1)		214,326
	550,000	Liberty Mutual Group, Inc. 4.25%, 06/15/2023(1)		579,552
		MetLife, Inc.
	2,205,000	3.60%, 04/10/2024		2,306,810
	795,000	4.88%, 11/13/2043		932,913
	2,220,000	Trinity Acquisition plc 4.40%, 03/15/2026		2,347,847
				9,195,305

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 18.6% - (continued)
		Internet - 0.3%
		Alibaba Group Holding Ltd.
$	200,000	2.50%, 11/28/2019	$	200,583
	1,775,000	3.40%, 12/06/2027		1,774,552
	1,045,000	3.60%, 11/28/2024		1,084,044
		Amazon.com, Inc.
	1,250,000	2.50%, 11/29/2022		1,249,359
	580,000	2.80%, 08/22/2024(1)		578,237
	475,000	4.25%, 08/22/2057(1)		518,175
	1,020,000	4.80%, 12/05/2034		1,197,204
	480,000	4.95%, 12/05/2044		583,471
				7,185,625
		IT Services - 0.1%
		Apple, Inc.
	80,000	2.45%, 08/04/2026		76,676
	546,000	3.25%, 02/23/2026		557,228
	1,360,000	3.45%, 05/06/2024		1,410,349
				2,044,253
		Lodging - 0.1%
		Marriott International, Inc.
	1,310,000	2.30%, 01/15/2022		1,286,130
	1,900,000	2.88%, 03/01/2021		1,912,211
				3,198,341
		Machinery - Construction & Mining - 0.1%
	1,500,000	Caterpillar Financial Services Corp. 3.30%, 06/09/2024		1,541,066
		Media - 0.6%
		21st Century Fox America, Inc.
	385,000	4.00%, 10/01/2023		402,586
	1,275,000	4.50%, 02/15/2021		1,347,574
		Charter Communications Operating LLC / Charter Communications Operating Capital
	485,000	5.38%, 05/01/2047		497,294
	150,000	6.48%, 10/23/2045		174,890
	2,050,000	Comcast Corp. 4.40%, 08/15/2035		2,241,254
		Cox Communications, Inc.
	80,000	4.60%, 08/15/2047(1)		80,743
	2,320,000	4.80%, 02/01/2035(1)		2,364,210
		Sky plc
	1,265,000	2.63%, 09/16/2019(1)		1,267,463
	2,386,000	3.75%, 09/16/2024(1)		2,488,495
		Time Warner Cable LLC
	395,000	6.55%, 05/01/2037		464,549
	250,000	7.30%, 07/01/2038		313,366
	480,000	8.25%, 04/01/2019		513,018
	40,000	8.75%, 02/14/2019		42,649
	130,000	Time Warner Entertainment Co., L.P. 8.38%, 03/15/2023		157,837
	835,000	Viacom, Inc. 3.88%, 12/15/2021		851,703
				13,207,631
		Mining - 0.1%
	1,575,000	Glencore Finance Canada Ltd. 4.25%, 10/25/2022(1)		1,650,285
		Miscellaneous Manufacturing - 0.0%
	1,165,000	Pentair Finance S.a.r.l. 2.90%, 09/15/2018		1,169,584

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

73

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 18.6% - (continued)
		Oil & Gas - 1.4%
$	1,665,000	Anadarko Petroleum Corp. 4.85%, 03/15/2021	$	1,758,300
	1,200,000	BG Energy Capital plc 4.00%, 10/15/2021(1)		1,258,233
		BP Capital Markets plc
	655,000	3.25%, 05/06/2022		671,362
	140,000	3.99%, 09/26/2023		148,893
	2,850,000	4.75%, 03/10/2019		2,938,462
		ConocoPhillips Co.
	195,000	2.88%, 11/15/2021		197,267
	655,000	3.35%, 05/15/2025		674,628
	296,000	4.20%, 03/15/2021		311,264
	395,000	4.30%, 11/15/2044		431,964
	130,000	4.95%, 03/15/2026		147,560
	2,695,000	Devon Energy Corp. 3.25%, 05/15/2022		2,741,340
	920,000	Marathon Oil Corp. 2.70%, 06/01/2020		920,128
	1,231,000	Noble Energy, Inc. 4.15%, 12/15/2021		1,282,726
		Petroleos Mexicanos
	40,000	5.38%, 03/13/2022(1)		42,400
	2,900,000	5.50%, 01/21/2021		3,076,900
	2,425,000	6.75%, 09/21/2047		2,531,336
	3,540,000	Pioneer Natural Resources Co. 7.50%, 01/15/2020		3,882,743
		Shell International Finance B.V.
	691,000	3.25%, 05/11/2025		710,132
	500,000	4.38%, 03/25/2020		522,840
	3,950,000	Sinopec Group Overseas Development Ltd. 2.50%, 04/28/2020(1)		3,929,170
		Statoil ASA
	340,000	2.25%, 11/08/2019		339,973
	160,000	2.45%, 01/17/2023		159,049
	495,000	2.75%, 11/10/2021		501,671
	1,850,000	2.90%, 11/08/2020		1,880,505
	210,000	3.25%, 11/10/2024		215,892
	45,000	3.70%, 03/01/2024		47,277
	1,375,000	Total Capital International S.A. 2.70%, 01/25/2023		1,382,882
				32,704,897
		Oil & Gas Services - 0.1%
	940,000	Schlumberger Holdings Corp. 3.00%, 12/21/2020(1)		952,175
	1,625,000	Schlumberger Investment S.A. 3.65%, 12/01/2023		1,710,739
				2,662,914
		Pharmaceuticals - 1.1%
	270,000	AbbVie, Inc. 3.20%, 11/06/2022		274,171
		Allergan Funding SCS
	1,195,000	3.00%, 03/12/2020		1,205,751
	645,000	3.45%, 03/15/2022		655,355
	1,950,000	3.80%, 03/15/2025		1,985,191
	715,000	4.55%, 03/15/2035		756,589
	600,000	4.85%, 06/15/2044		642,255
		Allergan Sales LLC
	142,000	4.88%, 02/15/2021(1)		150,311
	800,000	5.00%, 12/15/2021(1)		855,581

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 18.6% - (continued)
		Pharmaceuticals - 1.1% - (continued)
		Bayer U.S. Finance LLC
$	260,000	2.38%, 10/08/2019(1)	$	260,144
	1,215,000	3.00%, 10/08/2021(1)		1,227,472
		Cardinal Health, Inc.
	990,000	2.40%, 11/15/2019		989,409
	445,000	3.08%, 06/15/2024		438,063
	880,000	3.50%, 11/15/2024		884,071
	1,035,000	4.50%, 11/15/2044		1,050,403
	2,015,000	EMD Finance LLC 2.95%, 03/19/2022(1)		2,023,654
	1,525,000	Express Scripts Holding Co. 2.25%, 06/15/2019		1,522,536
		McKesson Corp.
	100,000	2.85%, 03/15/2023		99,657
	650,000	3.80%, 03/15/2024		673,266
		Merck & Co., Inc.
	1,960,000	2.75%, 02/10/2025		1,952,065
	1,640,000	2.80%, 05/18/2023		1,653,653
	1,925,000	Mylan N.V. 3.00%, 12/15/2018		1,935,294
	755,000	Teva Pharmaceutical Finance Co. B.V. 3.65%, 11/10/2021		718,230
	3,665,000	Teva Pharmaceutical Finance Netherlands B.V. 2.80%, 07/21/2023		3,191,520
				25,144,641
		Pipelines - 0.6%
	235,000	Andeavor Logistics L.P. / Tesoro Logistics Finance Corp. 3.50%, 12/01/2022		234,554
	990,000	Columbia Pipeline Group, Inc. 2.45%, 06/01/2018		990,585
	872,000	Energy Transfer L.P. 7.60%, 02/01/2024		1,007,352
	375,000	Energy Transfer L.P. / Regency Energy Finance Corp. 4.50%, 11/01/2023		387,728
	1,500,000	Kinder Morgan Energy Partners L.P. 6.95%, 01/15/2038		1,865,019
	2,425,000	Phillips 66 Partners L.P. 3.61%, 02/15/2025		2,443,190
		Sunoco Logistics Partners Operations L.P.
	1,200,000	3.90%, 07/15/2026		1,174,281
	509,000	4.40%, 04/01/2021		529,322
	800,000	5.35%, 05/15/2045		794,971
	1,036,000	TransCanada PipeLines Ltd. 4.88%, 01/15/2026		1,159,954
	2,470,000	Western Gas Partners L.P. 4.00%, 07/01/2022		2,519,837
				13,106,793
		Real Estate - 0.1%
		WEA Finance LLC / Westfield UK & Europe Finance plc
	730,000	2.70%, 09/17/2019(1)		733,941
	1,400,000	3.25%, 10/05/2020(1)		1,424,516
				2,158,457
		Real Estate Investment Trusts - 0.4%
		American Tower Corp.
	975,000	3.45%, 09/15/2021		996,534
	1,110,000	5.00%, 02/15/2024		1,215,858

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

74

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 18.6% - (continued)
		Real Estate Investment Trusts - 0.4% - (continued)
$	760,000	AvalonBay Communities, Inc. 3.63%, 10/01/2020	$	782,353
	1,950,000	Brandywine Operating Partnership L.P. 3.95%, 11/15/2027		1,935,564
	2,960,000	HCP, Inc. 4.00%, 06/01/2025		3,046,925
	1,735,000	Scentre Group Trust 2.38%, 11/05/2019(1)		1,731,283
				9,708,517
		Retail - 0.4%
		AutoZone, Inc.
	900,000	3.13%, 07/15/2023		899,929
	1,908,000	3.70%, 04/15/2022		1,968,410
		CVS Health Corp.
	2,100,000	4.00%, 12/05/2023		2,183,401
	685,000	4.88%, 07/20/2035		758,274
	1,185,000	5.13%, 07/20/2045		1,358,122
	325,000	Home Depot, Inc. 4.40%, 03/15/2045		368,051
	850,000	Lowe’s Cos., Inc. 4.63%, 04/15/2020		886,190
	1,435,000	O’Reilly Automotive, Inc. 3.80%, 09/01/2022		1,509,611
				9,931,988
		Savings & Loans - 0.1%
	1,610,000	Nationwide Building Society 2.35%, 01/21/2020(1)		1,608,987
		Semiconductors - 0.1%
	1,560,000	Broadcom Corp. / Broadcom Cayman Finance Ltd. 3.63%, 01/15/2024(1)		1,551,240
	1,220,000	QUALCOMM, Inc. 2.10%, 05/20/2020		1,214,869
				2,766,109
		Software - 0.2%
		Microsoft Corp.
	1,605,000	2.40%, 08/08/2026		1,547,806
	1,230,000	3.70%, 08/08/2046		1,282,289
	2,300,000	Oracle Corp. 3.25%, 11/15/2027		2,339,020
				5,169,115
		Telecommunications - 0.6%
		America Movil S.A.B. de C.V.
	635,000	3.13%, 07/16/2022		642,564
	390,000	6.13%, 03/30/2040		495,577
		AT&T, Inc.
	355,000	3.95%, 01/15/2025		363,472
	2,185,000	4.45%, 04/01/2024		2,311,319
	1,240,000	4.50%, 03/09/2048		1,161,856
	715,000	GTP Acquisition Partners I LLC 2.35%, 06/15/2020(1)		708,996
		Orange S.A.
	2,200,000	4.13%, 09/14/2021		2,325,092
	576,000	9.00%, 03/01/2031		864,170
		Verizon Communications, Inc.
	2,300,000	2.95%, 03/15/2022		2,314,010
	1,911,000	4.52%, 09/15/2048		1,881,662

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 18.6% - (continued)
		Telecommunications - 0.6% - (continued)
$	715,000	4.75%, 11/01/2041	$	728,911
	283,000	4.81%, 03/15/2039		296,077
				14,093,706
		Transportation - 0.2%
	1,435,000	FedEx Corp. 5.10%, 01/15/2044		1,669,967
		Penske Truck Leasing Co. L.P. / PTL Finance Corp.
	1,685,000	3.20%, 07/15/2020(1)		1,710,133
	1,100,000	3.38%, 02/01/2022(1)		1,120,594
				4,500,694
		Water - 0.0%
	625,000	American Water Capital Corp. 2.95%, 09/01/2027		618,538
		Total Corporate Bonds (cost $428,479,190)	$	442,322,882
FOREIGN GOVERNMENT OBLIGATIONS - 0.6%
		Mexico - 0.1%
		Mexico Government International Bond
	1,674,000	4.00%, 10/02/2023	$	1,751,841
	150,000	4.75%, 03/08/2044		151,650
				1,903,491
		Qatar - 0.3%
		Qatar Government International Bond
	4,990,000	2.38%, 06/02/2021(1)		4,897,685
	2,635,000	5.25%, 01/20/2020(1)		2,766,719
				7,664,404
		Saudi Arabia - 0.1%
		Saudi Government International Bond
	935,000	2.38%, 10/26/2021(1)		912,055
	1,680,000	2.88%, 03/04/2023(1)		1,651,477
				2,563,532
		South Korea - 0.1%
	2,300,000	Export-Import Bank of Korea 1.75%, 05/26/2019		2,271,864
		Total Foreign Government Obligations (cost $14,396,816)	$	14,403,291
MUNICIPAL BONDS - 1.5%
		General - 0.5%
		Chicago, IL, Transit Auth
	265,000	6.30%, 12/01/2021	$	284,655
	1,985,000	6.90%, 12/01/2040		2,691,442
	365,000	City of Sacramento CA 6.42%, 08/01/2023		416,286
	1,345,000	Kansas, Development FA 4.93%, 04/15/2045		1,532,789
	2,400,000	New Jersey State, Econ DA 3.80%, 06/15/2018		2,415,144
	3,530,000	New York State Urban Development Corp. 2.10%, 03/15/2022		3,515,103

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

75

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
MUNICIPAL BONDS - 1.5% - (continued)
		General - 0.5% - (continued)
$	600,000	San Jose Redev. Agcy. Successor Agcy. 3.38%, 08/01/2034	$	591,120
				11,446,539
		General Obligation - 0.5%
		California State, GO Taxable
	1,100,000	7.35%, 11/01/2039		1,650,792
	1,235,000	7.55%, 04/01/2039		1,943,408
	685,000	Chicago, IL, Metropolitan Water Reclamation GO 5.72%, 12/01/2038		890,706
		Illinois State, GO
	3,780,000	5.10%, 06/01/2033		3,773,725
	75,000	5.16%, 02/01/2018		75,166
	590,000	5.20%, 03/01/2018		592,938
	2,320,000	5.67%, 03/01/2018		2,332,621
	1,785,000	Los Angeles, CA, USD GO 5.75%, 07/01/2034		2,276,214
				13,535,570
		Higher Education - 0.1%
	1,460,000	University of California, Build America Bonds Rev 5.77%, 05/15/2043		1,909,622
		Medical - 0.1%
	980,000	University of California, Regents MedCenter Pooled Rev 6.58%, 05/15/2049		1,378,595
		Power - 0.0%
	485,000	New York, Utility Debt Securitization Auth 3.44%, 12/15/2025		498,983
		Transportation - 0.2%
	1,875,000	Illinois State Toll Highway Auth, Taxable Rev 6.18%, 01/01/2034		2,433,656
		New York and New Jersey PA, Taxable Rev
	685,000	4.81%, 10/15/2065		834,446
	570,000	6.04%, 12/01/2029		726,186
	1,000,000	North Texas Tollway Auth Rev 6.72%, 01/01/2049		1,521,290
				5,515,578
		Utility - Electric - 0.1%
	1,295,000	Municipal Electric Auth Georgia 6.64%, 04/01/2057		1,659,983
		Total Municipal Bonds (cost $31,679,838)	$	35,944,870
U.S. GOVERNMENT AGENCIES - 0.5%
		FHLMC - 0.0%
	36,584	1 year CMT + 2.235%, 3.17%, 04/01/2029(5)	$	37,872
	34,618	4.00%, 03/01/2041		36,346
				74,218
		FNMA - 0.3%
	1,089,493	1 mo. USD LIBOR + 0.400%, 1.64%, 10/25/2024(5)		1,088,864
	78,432	4.50%, 11/01/2023		83,512

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT AGENCIES - 0.5% - (continued)
		FNMA - 0.3% - (continued)
$	135,857	4.50%, 03/01/2038	$	145,003
	83,167	4.50%, 11/01/2039		88,840
	52,747	4.50%, 04/01/2040		56,922
	132,930	4.50%, 08/01/2040		142,509
	50,031	4.50%, 02/01/2041		53,646
	619,396	4.50%, 04/01/2041		663,996
	434,636	4.50%, 06/01/2041		466,005
	573,298	4.50%, 07/01/2041		614,339
	199,362	4.50%, 09/01/2041		212,616
	95,395	4.50%, 07/01/2044		102,379
	1,850,000	4.50%, 01/01/2048(9)		1,968,226
	1,250	5.00%, 02/01/2019		1,272
	15,031	5.00%, 04/01/2019		15,302
				5,703,431
		GNMA - 0.2%
	106,397	5.00%, 07/15/2037		115,406
	15,323	6.00%, 06/15/2024		17,132
	5,846	6.00%, 07/15/2026		6,536
	7,860	6.00%, 01/15/2028		8,788
	2,398	6.00%, 03/15/2028		2,707
	53,912	6.00%, 04/15/2028		60,312
	94,285	6.00%, 05/15/2028		105,412
	20,893	6.00%, 06/15/2028		23,359
	53,461	6.00%, 07/15/2028		59,770
	18,813	6.00%, 08/15/2028		21,033
	73,914	6.00%, 09/15/2028		82,637
	115,501	6.00%, 10/15/2028		128,642
	172,398	6.00%, 11/15/2028		192,744
	129,099	6.00%, 12/15/2028		144,333
	3,362	6.00%, 12/15/2031		3,843
	29,801	6.00%, 09/15/2032		34,258
	9,682	6.00%, 11/15/2032		10,961
	2,053	6.00%, 04/15/2033		2,295
	95,898	6.00%, 06/15/2033		108,037
	39,975	6.00%, 10/15/2033		45,174
	5,071	6.00%, 11/15/2033		5,723
	81,726	6.00%, 10/15/2034		92,065
	60,210	6.00%, 01/15/2035		67,316
	7,640	6.00%, 05/15/2035		8,542
	11,852	6.00%, 06/15/2035		13,251
	926	6.50%, 03/15/2026		1,027
	5,046	6.50%, 01/15/2028		5,598
	65,525	6.50%, 03/15/2028		72,695
	121,054	6.50%, 04/15/2028		134,299
	38,271	6.50%, 05/15/2028		42,459
	193,913	6.50%, 06/15/2028		215,129
	7,142	6.50%, 10/15/2028		7,924
	3,486	6.50%, 02/15/2035		3,982
	22,035	7.00%, 11/15/2031		24,764
	10,720	7.00%, 03/15/2032		12,076
	1,332,454	7.00%, 11/15/2032		1,573,336
	185,733	7.00%, 01/15/2033		216,005
	201,050	7.00%, 05/15/2033		233,117
	37,706	7.00%, 07/15/2033		43,228
	238,711	7.00%, 11/15/2033		277,031
	96,112	7.50%, 09/16/2035		111,041
	187	8.00%, 09/15/2026		203
	125	8.00%, 11/15/2026		137
	11,049	8.00%, 12/15/2026		12,680
	150	8.00%, 09/15/2027		156

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

76

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT AGENCIES - 0.5% - (continued)
		GNMA - 0.2% - (continued)
$	7,300	8.00%, 07/15/2029	$	8,540
	3,250	8.00%, 11/15/2029		3,260
	17,285	8.00%, 12/15/2029		18,083
	4,313	8.00%, 01/15/2030		4,436
	6,232	8.00%, 02/15/2030		6,400
	927	8.00%, 03/15/2030		941
	54,380	8.00%, 04/15/2030		55,032
	5,668	8.00%, 05/15/2030		5,886
	44,652	8.00%, 06/15/2030		46,959
	2,395	8.00%, 07/15/2030		2,504
	72,451	8.00%, 08/15/2030		74,395
	16,399	8.00%, 09/15/2030		16,852
	8,991	8.00%, 11/15/2030		9,182
	144,628	8.00%, 12/15/2030		158,399
	263	8.00%, 02/15/2031		274
	5,722	9.00%, 06/15/2022		5,794
				4,764,100
		Total U.S. Government Agencies (cost $10,047,197)	$	10,541,749
U.S. GOVERNMENT SECURITIES - 7.6%
		U.S. Treasury Securities - 7.6%
		U.S. Treasury Bonds - 3.5%
	19,450,000	2.50%, 02/15/2045(10)	$	18,542,080
	2,780,000	2.50%, 05/15/2046		2,644,475
	5,720,000	2.75%, 08/15/2047		5,727,150
	860,000	2.75%, 11/15/2047		861,411
	10,450,800	2.88%, 05/15/2043		10,745,954
	1,080,000	3.00%, 02/15/2047		1,135,814
	2,280,000	3.00%, 05/15/2047		2,397,117
	8,195,000	3.13%, 08/15/2044		8,808,024
	4,630,000	3.38%, 05/15/2044		5,195,547
	21,300,000	4.38%, 02/15/2038		27,228,223
				83,285,795
		U.S. Treasury Notes - 4.1%
	22,797,174	0.38%, 01/15/2027(11)		22,632,905
	5,815,000	1.25%, 03/31/2021		5,671,442
	550,000	1.38%, 09/30/2020		541,621
	5,570,000	1.38%, 01/31/2021		5,463,822
	1,600,000	1.50%, 05/15/2020		1,584,688
	40,920,000	1.50%, 03/31/2023		39,449,437
	5,985,000	1.75%, 09/30/2019		5,971,440
	1,100,000	1.75%, 06/30/2022		1,080,105
	2,000,000	1.88%, 04/30/2022		1,976,094
	9,090,000	2.25%, 08/15/2027		8,962,172
	3,630,000	2.38%, 05/15/2027		3,619,649
				96,953,375
				180,239,170
		Total U.S. Government Securities (cost $173,820,495)	$	180,239,170
		Total Long-Term Investments (cost $1,839,641,025)	$	2,361,245,123

Shares or Principal Amount			Market Value†
SHORT-TERM INVESTMENTS - 0.3%
		Other Investment Pools & Funds - 0.3%
$	7,489,620	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 1.21%(12)	$	7,489,620
		Total Short-Term Investments (cost $7,489,620)	$	7,489,620

Total Investments (cost $1,847,130,645)	99.8	%	$	2,368,734,743
Other Assets and Liabilities	0.2	%		4,246,295
Total Net Assets	100.0	%	$	2,372,981,038

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

77

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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 will generally 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 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.

* Non-income producing.

⁽¹⁾  Securities issued within terms of a private placement memorandum and exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2017, the aggregate value of these securities was $187,362,105, which represented 7.9% of total net assets.

⁽²⁾  This security has been identified as 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. The identification of illiquid securities is unaudited. At December 31, 2017, the aggregate value of these securities was $5,636,474, which represents 0.2% 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, 2017, the aggregate fair value of these securities was $5,636,474, which represented 0.2% 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.

⁽⁴⁾  Investment valued using significant unobservable inputs.

⁽⁵⁾  Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2017.

⁽⁶⁾  Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

⁽⁷⁾  Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.

⁽⁸⁾  Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

⁽⁹⁾  Represents or includes a TBA transaction.

⁽¹⁰⁾  This security, or a portion of this security, has been pledged as collateral in connection with futures contracts.

⁽¹¹⁾  The principal amount for this security is adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

⁽¹²⁾  Current yield as of period end.

Futures Contracts Outstanding at December 31, 2017
Description	Number of Contracts		Expiration Date		Current Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Short position contracts:
U.S. Treasury 10-Year Note Future		218		03/20/2018	$	27,042,219	$	188,302
Total futures contracts							$	188,302

^†  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.

78

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2017

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Other Abbreviations:
ADR	American Depositary Receipt
CLO	Collateralized Loan Obligation
CMO	Collateralized Mortgage Obligation
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
LIBOR	London Interbank Offered Rate
REIT	Real Estate Investment Trust
TBA	To Be Announced

Municipal Abbreviations:
DA	Development Authority
FA	Finance Authority
GO	General Obligation
PA	Port Authority
Rev	Revenue
USD	United School District

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

79

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total		Level 1(1)		Level 2(1)		Level 3(1)
Assets
Common Stocks
Banks	$	170,359,442	$	170,359,442	$	—	$	—
Capital Goods		115,122,699		115,122,699		—		—
Commercial & Professional Services		28,905,200		28,905,200		—		—
Consumer Durables & Apparel		34,041,136		34,041,136		—		—
Consumer Services		33,413,000		33,413,000		—		—
Diversified Financials		36,358,393		36,358,393		—		—
Energy		101,998,513		101,998,513		—		—
Food, Beverage & Tobacco		71,856,583		51,020,333		20,836,250		—
Health Care Equipment & Services		80,495,380		80,495,380		—		—
Household & Personal Products		15,048,704		15,048,704		—		—
Insurance		69,342,179		69,342,179		—		—
Materials		51,835,097		51,835,097		—		—
Media		49,099,909		49,099,909		—		—
Pharmaceuticals, Biotechnology & Life Sciences		146,053,475		118,255,911		27,797,564		—
Real Estate		18,588,140		18,588,140		—		—
Retailing		83,196,233		77,559,759		—		5,636,474
Semiconductors & Semiconductor Equipment		100,192,449		100,192,449		—		—
Software & Services		207,779,399		207,779,399		—		—
Technology Hardware & Equipment		103,618,419		103,618,419		—		—
Transportation		28,229,391		28,229,391		—		—
Utilities		37,487,162		37,487,162		—		—
Asset & Commercial Mortgage Backed Securities		94,772,258		—		94,772,258		—
Corporate Bonds		442,322,882		—		442,322,882		—
Foreign Government Obligations		14,403,291		—		14,403,291		—
Municipal Bonds		35,944,870		—		35,944,870		—
U.S. Government Agencies		10,541,749		—		10,541,749		—
U.S. Government Securities		180,239,170		—		180,239,170		—
Short-Term Investments		7,489,620		7,489,620		—		—
Futures Contracts(2)		188,302		188,302		—		—
Total	$	2,368,923,045	$	1,536,428,537	$	826,858,034	$	5,636,474

⁽¹⁾ For the year ended December 31, 2017, there were no transfers between any levels.

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

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended December 31, 2017 is not presented.

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

80

Hartford Capital Appreciation HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.3%
		Automobiles & Components - 2.2%
	1,156,175	General Motors Co.	$	47,391,613
	919,024	Goodyear Tire & Rubber Co.		29,693,666
	137,833	Magna International, Inc.		7,811,633
	519,800	Tata Motors Ltd. ADR*		17,189,786
	152,850	Valeo S.A.		11,385,914
				113,472,612
		Banks - 6.8%
	3,103,439	Banco Santander S.A.		20,346,863
	508,228	Bank of America Corp.		15,002,890
	242,100	Bank of the Ozarks, Inc.		11,729,745
	123,387	BB&T Corp.		6,134,802
	2,555,500	China Merchants Bank Co., Ltd. Class H		10,117,384
	1,139,300	Citigroup, Inc.		84,775,313
	2,162,996	ICICI Bank Ltd. ADR		21,045,951
	2,110,796	Itau Unibanco Holding S.A. ADR		27,440,348
	55,871	JP Morgan Chase & Co.		5,974,845
	443,539	KeyCorp		8,946,182
	390,766	People’s United Financial, Inc.		7,307,324
	540,755	PNC Financial Services Group, Inc.		78,025,539
	210,594	SunTrust Banks, Inc.		13,602,266
	432,058	UniCredit S.p.A.*		8,059,708
	385,776	Wells Fargo & Co.		23,405,030
				341,914,190
		Capital Goods - 4.0%
	650,010	AerCap Holdings N.V.*		34,197,026
	144,280	Airbus SE		14,339,516
	137,676	Cie de Saint-Gobain		7,577,167
	48,857	Deere & Co.		7,646,609
	143,993	Eaton Corp. plc		11,376,887
	114,862	Emerson Electric Co.		8,004,733
	44,612	General Dynamics Corp.		9,076,311
	52,178	Harris Corp.		7,391,014
	350,600	Harry’s, Inc.*(1)(2)(3)(4)		4,733,100
	75,773	IDEX Corp.		9,999,763
	119,668	Ingersoll-Rand plc		10,673,189
	319,400	Komatsu Ltd.		11,543,024
	48,371	L3 Technologies, Inc.		9,570,202
	57,443	Lockheed Martin Corp.		18,442,075
	46,650	Middleby Corp.*		6,295,418
	41,629	Rockwell Automation, Inc.		8,173,854
	914,530	Sanwa Holdings Corp.		12,567,907
	132,406	Xylem, Inc.		9,030,089
				200,637,884
		Commercial & Professional Services - 2.2%
	85,391	Dun & Bradstreet Corp.		10,111,148
	77,158	Equifax, Inc.		9,098,471
	360,344	Herman Miller, Inc.		14,431,777
	220,711	IHS Markit Ltd.*		9,965,102
	215,565	Republic Services, Inc.		14,574,350
	1,008,192	Steelcase, Inc. Class A		15,324,518
	443,761	TransUnion*		24,389,105
	155,022	Waste Connections, Inc.		10,997,261
				108,891,732
		Consumer Durables & Apparel - 2.1%
	39,057,860	Global Brands Group Holding Ltd.*		3,194,567
	1,087,852	NIKE, Inc. Class B		68,045,143
	127,917	One Kings Lane, Inc. Escrow*(3)(4)		31,979

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.3% - (continued)
		Consumer Durables & Apparel - 2.1% - (continued)
	362,545	Tapestry, Inc.	$	16,035,365
	1,188,463	Under Armour, Inc. Class A*		17,149,521
	273,749	Under Armour, Inc. Class C*		3,646,337
				108,102,912
		Consumer Services - 3.2%
	133,230	Dave & Buster’s Entertainment, Inc.*		7,350,299
	514,432	DraftKings, Inc.*(1)(2)(3)(4)		730,493
	318,928	Hilton Worldwide Holdings, Inc.		25,469,590
	223,936	Las Vegas Sands Corp.		15,561,313
	61,175	Marriott Vacations Worldwide Corp.		8,271,472
	133,420	McDonald’s Corp.		22,964,250
	519,907	Melco Resorts & Entertainment Ltd. ADR		15,098,099
	120,768	New Oriental Education & Technology Group, Inc. ADR		11,352,192
	150,692	Planet Fitness, Inc. Class A*		5,218,464
	63,653	Royal Caribbean Cruises Ltd.		7,592,530
	165,995	Wynn Resorts Ltd.		27,985,097
	175,721	Yum! Brands, Inc.		14,340,591
				161,934,390
		Diversified Financials - 3.8%
	547,539	American Express Co.		54,376,098
	62,329	BlackRock, Inc.		32,019,031
	572,569	Blackstone Group L.P.		18,333,659
	90,990	Capital One Financial Corp.		9,060,784
	194,088	Deutsche Bank AG		3,670,975
	179,467	Intercontinental Exchange, Inc.		12,663,191
	819,913	SLM Corp.*		9,265,017
	678,736	TD Ameritrade Holding Corp.		34,703,772
	892,079	UBS Group AG*		16,389,948
				190,482,475
		Energy - 3.9%
	415,197	Anadarko Petroleum Corp.		22,271,167
	109,953	Baker Hughes a GE Co.		3,478,913
	1,444,832	Callon Petroleum Co.*		17,554,709
	451,376	Canadian Natural Resources Ltd.		16,123,151
	141,722	Cimarex Energy Co.		17,291,501
	89,296	Diamondback Energy, Inc.*		11,273,620
	456,323	Halliburton Co.		22,300,505
	156,575	Hess Corp.		7,432,615
	175,876	HollyFrontier Corp.		9,008,369
	685,527	Kinder Morgan, Inc.		12,387,473
	992,295	Laredo Petroleum, Inc.*		10,528,250
	642,224	Marathon Oil Corp.		10,872,852
	817,304	Newfield Exploration Co.*		25,769,595
	305,500	Tenaris S.A. ADR		9,733,230
				196,025,950
		Food & Staples Retailing - 1.7%
	158,710	Costco Wholesale Corp.		29,539,105
	1,052,725	Kroger Co.		28,897,301
	215,645	Seven & i Holdings Co., Ltd.		8,933,396
	259,623	Walgreens Boots Alliance, Inc.		18,853,822
				86,223,624
		Food, Beverage & Tobacco - 3.1%
	264,914	Altria Group, Inc.		18,917,509
	270,626	Blue Buffalo Pet Products, Inc.*		8,873,827
	333,150	British American Tobacco plc		22,520,542

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

81

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.3% - (continued)
		Food, Beverage & Tobacco - 3.1% - (continued)
	178,977	Campbell Soup Co.	$	8,610,583
	580,389	Coca-Cola Co.		26,628,247
	1,056,435	Diageo plc		38,722,966
	63,106	Hershey Co.		7,163,162
	45,395	Hostess Brands, Inc.*		672,300
	410,190	Monster Beverage Corp.*		25,960,925
				158,070,061
		Health Care Equipment & Services - 6.2%
	41,421	Align Technology, Inc.*		9,203,332
	247,596	AMN Healthcare Services, Inc.*		12,194,103
	477,715	Baxter International, Inc.		30,879,498
	73,793	Becton Dickinson and Co.		15,796,130
	442,846	Cardinal Health, Inc.		27,133,174
	148,320	Danaher Corp.		13,767,062
	127,621	DexCom, Inc.*		7,324,169
	72,689	Edwards Lifesciences Corp.*		8,192,777
	292,570	Envision Healthcare Corp.*		10,111,219
	187,299	Hologic, Inc.*		8,007,032
	124,507	Insulet Corp.*		8,590,983
	11,506	Intuitive Surgical, Inc.*		4,199,000
	324,961	McKesson Corp.		50,677,668
	442,188	Medtronic plc		35,706,681
	90,687	STERIS plc		7,932,392
	96,676	Stryker Corp.		14,969,312
	46,933	Teleflex, Inc.		11,677,869
	155,278	UnitedHealth Group, Inc.		34,232,588
	77,839	Veeva Systems, Inc. Class A*		4,302,940
				314,897,929
		Household & Personal Products - 0.9%
	430,141	Colgate-Palmolive Co.		32,454,138
	754,456	Coty, Inc. Class A		15,006,130
				47,460,268
		Insurance - 6.1%
	143,557	Aflac, Inc.		12,601,433
	402,423	American International Group, Inc.		23,976,362
	369,753	Arthur J Gallagher & Co.		23,397,970
	482,199	AXA S.A.		14,289,109
	453,506	Chubb Ltd.		66,270,832
	169,599	FNF Group		6,655,065
	654,323	Lancashire Holdings Ltd.		6,018,770
	108,683	Lincoln National Corp.		8,354,462
	323,664	Marsh & McLennan Cos., Inc.		26,343,013
	823,059	MetLife, Inc.		41,613,863
	924,000	Ping An Insurance Group Co. of China Ltd. Class H		9,583,792
	136,260	Principal Financial Group, Inc.		9,614,506
	157,800	RenaissanceRe Holdings Ltd.		19,818,102
	338,500	Tokio Marine Holdings, Inc.		15,396,007
	153,937	Unum Group		8,449,602
	513,049	XL Group Ltd.		18,038,803
				310,421,691
		Materials - 4.7%
	727,117	ArcelorMittal*		23,493,150
	325,754	Ball Corp.		12,329,789
	140,700	Cabot Corp.		8,665,713
	254,819	Celanese Corp. Series A		27,286,019
	788,800	Cemex S.A.B. de C.V. ADR*		5,916,000

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.3% - (continued)
		Materials - 4.7% - (continued)
	411,096	CRH plc	$	14,754,239
	98,250	Eastman Chemical Co.		9,101,880
	6,344,637	Glencore plc*		33,207,591
	129,635	International Paper Co.		7,511,052
	120,907	Nucor Corp.		7,687,267
	183,626	Packaging Corp. of America		22,136,114
	153,004	PPG Industries, Inc.		17,873,927
	120,197	Praxair, Inc.		18,592,072
	344,417	Reliance Steel & Aluminum Co.		29,547,534
				238,102,347
		Media - 0.1%
	423,196	SES S.A.		6,606,106
	29,800	Weinstein Co. LLC*(1)(2)(3)(4)		—
				6,606,106
		Pharmaceuticals, Biotechnology & Life Sciences - 7.2%
	233,621	Agilent Technologies, Inc.		15,645,598
	313,303	Alkermes plc*		17,147,073
	87,280	Allergan plc		14,277,262
	110,359	Alnylam Pharmaceuticals, Inc.*		14,021,111
	98,046	BeiGene Ltd. ADR*		9,581,055
	37,763	Biogen, Inc.*		12,030,159
	1,500,440	Bristol-Myers Squibb Co.		91,946,963
	111,360	Eisai Co., Ltd.		6,326,314
	235,682	Exact Sciences Corp.*		12,382,732
	453,082	Ionis Pharmaceuticals, Inc.*		22,790,025
	120,864	Johnson & Johnson		16,887,118
	317,395	Merck & Co., Inc.		17,859,817
	25,192	Mettler-Toledo International, Inc.*		15,606,948
	542,330	Mylan N.V.*		22,945,982
	476,250	Pfizer, Inc.		17,249,775
	16,395	Regeneron Pharmaceuticals, Inc.*		6,163,864
	23,765	TESARO, Inc.*		1,969,406
	1,627,599	Teva Pharmaceutical Industries Ltd. ADR		30,843,001
	70,810	Thermo Fisher Scientific, Inc.		13,445,403
	23,230	Vertex Pharmaceuticals, Inc.*		3,481,248
				362,600,854
		Real Estate - 3.3%
	67,447	American Tower Corp. REIT		9,622,663
	67,944	AvalonBay Communities, Inc. REIT		12,121,889
	221,561	CBRE Group, Inc. Class A, REIT*		9,595,807
	518,400	Education Realty Trust, Inc. REIT		18,102,528
	965,316	Host Hotels & Resorts, Inc. REIT		19,161,523
	179,573	Public Storage REIT		37,530,757
	177,020	Simon Property Group, Inc. REIT		30,401,415
	822,066	STORE Capital Corp. REIT		21,406,599
	152,538	Welltower, Inc. REIT		9,727,348
				167,670,529
		Retailing - 4.6%
	8,451,700	Allstar Co.*(1)(2)(3)(4)		1,690,340
	88,900	Best Buy Co., Inc.		6,086,983
	243,104	CarMax, Inc.*		15,590,260
	153,460	Ctrip.com International Ltd. ADR*		6,767,586
	145,935	Dollar Tree, Inc.*		15,660,285
	224,543	Expedia, Inc.		26,893,515
	82,249	Genuine Parts Co.		7,814,477
	102,991	Home Depot, Inc.		19,519,884
	17,385	Honest Co.*(1)(2)(3)(4)		307,367

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

82

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.3% - (continued)
		Retailing - 4.6% - (continued)
	958,800	Macy’s, Inc.	$	24,152,172
	84,135	Netflix, Inc.*		16,150,555
	15,159	Priceline Group, Inc.*		26,342,401
	157,749	Ross Stores, Inc.		12,659,357
	516,386	TJX Cos., Inc.		39,482,874
	115,140	Tory Burch LLC*(1)(2)(3)(4)		5,663,721
	94,671	Wayfair, Inc. Class A*		7,599,241
				232,381,018
		Semiconductors & Semiconductor Equipment - 5.2%
	810,300	Advanced Micro Devices, Inc.*		8,329,884
	55,129	Broadcom Ltd.		14,162,640
	33,048	Cavium, Inc.*		2,770,414
	413,027	KLA-Tencor Corp.		43,396,747
	954,671	Marvell Technology Group Ltd.		20,496,786
	172,116	Microchip Technology, Inc.		15,125,554
	990,413	Micron Technology, Inc.*		40,725,783
	124,252	NVIDIA Corp.		24,042,762
	624,194	QUALCOMM, Inc.		39,960,900
	178,641	Silicon Motion Technology Corp. ADR		9,460,827
	1,649,190	Taiwan Semiconductor Manufacturing Co., Ltd.		12,627,967
	344,600	Taiwan Semiconductor Manufacturing Co., Ltd. ADR		13,663,390
	410,754	Teradyne, Inc.		17,198,270
				261,961,924
		Software & Services - 14.0%
	217,752	Accenture plc Class A		33,335,654
	109,555	Adobe Systems, Inc.*		19,198,418
	252,440	Alibaba Group Holding Ltd. ADR*		43,528,229
	73,334	Alphabet, Inc. Class C*		76,736,698
	187,529	Amdocs Ltd.		12,279,399
	302,067	Atlassian Corp. plc Class A*		13,750,090
	113,556	CoStar Group, Inc.*		33,720,454
	234,719	Delivery Hero AG*(2)		9,293,705
	118,276	Dropbox, Inc. Class B*(1)(2)(3)(4)		1,563,609
	495,799	Facebook, Inc. Class A*		87,488,692
	102,724	FleetCor Technologies, Inc.*		19,767,179
	1,055,951	Genpact Ltd.		33,515,885
	320,645	Global Payments, Inc.		32,141,455
	167,674	GoDaddy, Inc. Class A*		8,430,649
	191,309	Guidewire Software, Inc.*		14,206,606
	1,072,383	Just Eat plc*		11,279,572
	585,927	Microsoft Corp.		50,120,196
	243,002	PayPal Holdings, Inc.*		17,889,807
	336,117	Salesforce.com, Inc.*		34,361,241
	362,559	ServiceNow, Inc.*		47,274,068
	157,918	VeriSign, Inc.*		18,072,136
	239,576	Visa, Inc. Class A		27,316,455
	191,480	Workday, Inc. Class A*		19,481,175
	561,855	Yandex N.V. Class A*		18,400,751
	414,509	Zillow Group, Inc. Class A*		16,887,097
	161,746	Zillow Group, Inc. Class C*		6,618,646
				706,657,866
		Technology Hardware & Equipment - 3.5%
	245,393	Acacia Communications, Inc.*		8,890,588
	124,126	Apple, Inc.		21,005,843
	53,111	Arista Networks, Inc.*		12,511,889
	250,621	CDW Corp.		17,415,653
	2,564,880	Flex Ltd.*		46,142,191

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.3% - (continued)
		Technology Hardware & Equipment - 3.5% - (continued)
	13,400	IPG Photonics Corp.*	$	2,869,342
	306,571	Keysight Technologies, Inc.*		12,753,354
	5,148	Samsung Electronics Co., Ltd.		12,231,187
	166,897	TE Connectivity Ltd.		15,861,891
	23,799	Universal Display Corp.		4,108,897
	276,047	Western Digital Corp.		21,954,018
				175,744,853
		Telecommunication Services - 1.4%
	508,429	AT&T, Inc.		19,767,720
	183,400	Nippon Telegraph & Telephone Corp.		8,622,381
	194,600	SoftBank Group Corp.		15,406,593
	466,067	Verizon Communications, Inc.		24,668,926
				68,465,620
		Transportation - 4.7%
	223,047	Alaska Air Group, Inc.		16,396,185
	548,513	Canadian National Railway Co.		45,229,413
	167,321	CSX Corp.		9,204,328
	463,086	Delta Air Lines, Inc.		25,932,816
	235,916	Genesee & Wyoming, Inc. Class A*		18,573,667
	639,944	JetBlue Airways Corp.*		14,296,349
	449,078	Knight-Swift Transportation Holdings, Inc.		19,633,690
	266,837	Union Pacific Corp.		35,782,842
	127,725	United Continental Holdings, Inc.*		8,608,665
	377,741	United Parcel Service, Inc. Class B		45,007,840
				238,665,795
		Utilities - 2.4%
	107,780	Dominion Energy, Inc.		8,736,647
	259,008	Edison International		16,379,666
	536,941	Exelon Corp.		21,160,845
	2,729,057	Iberdrola S.A.		21,126,401
	456,643	NRG Energy, Inc.		13,005,193
	390,547	OGE Energy Corp.		12,852,902
	113,036	Sempra Energy		12,085,809
	298,538	Southern Co.		14,356,692
				119,704,155
		Total Common Stocks (cost $4,283,730,001)	$	4,917,096,785
PREFERRED STOCKS - 0.9%
		Consumer Services - 0.0%
	16,619	Airbnb, Inc. Series E*(1)(2)(3)(4)	$	1,744,995
		Diversified Financials - 0.0%
	85,350	Social Finance, Inc. Series F*(1)(2)(3)(4)		1,428,759
		Software & Services - 0.9%
	29,504	Magic Leap, Inc. Series C*(1)(2)(3)(4)		796,608
	50,200	Nanigans, Inc. Series D*(1)(2)(3)(4)		282,626
	793,410	Pinterest, Inc. Series G*(1)(2)(3)(4)		5,323,781
	20,891	Sharecare Series B2*(1)(2)(3)(4)		6,267,300
	815,160	Uber Technologies, Inc. Series D*(1)(2)(3)(4)		28,612,116
	293,655	Zuora, Inc. Series F*(1)(2)(3)(4)		1,565,181
				42,847,612
		Total Preferred Stocks (cost $28,798,616)	$	46,021,366

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

83

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
CONVERTIBLE PREFERRED STOCKS - 0.0%
		Retailing - 0.0%
	40,566	Honest Co. Series C*(1)(2)(3)(4)	$	1,238,075
		Total Convertible Preferred Stocks (cost $1,097,607)	$	1,238,075
		Total Long-Term Investments (cost $4,313,626,224)	$	4,964,356,226
SHORT-TERM INVESTMENTS - 1.9%
		Other Investment Pools & Funds - 1.9%
	95,621,311	BlackRock Liquidity Funds TempFund Portfolio, Institutional Class, 1.17%(5)	$	95,621,311
		Total Short-Term Investments (cost $95,621,311)	$	95,621,311

Total Investments (cost $4,409,247,535)	100.1	%	$	5,059,977,537
Other Assets and Liabilities	(0.1	)%		(2,781,523	)
Total Net Assets	100.0	%	$	5,057,196,014

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

84

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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 will generally 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.

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.

* Non-income producing.

⁽¹⁾  This security has been identified as 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. The identification of illiquid securities is unaudited. At December 31, 2017, the aggregate value of these securities was $61,948,071, which represents 1.2% of total net assets.

⁽²⁾  Securities issued within terms of a private placement memorandum and exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2017, the aggregate value of these securities was $71,241,776, which represented 1.4% 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, 2017, the aggregate fair value of these securities was $61,980,050, which represented 1.2% 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.

⁽⁴⁾  Investment valued using significant unobservable inputs.

⁽⁵⁾  Current yield as of period end.

Foreign Currency Contracts Outstanding at December 31, 2017
Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Counterparty		Settlement Date		Appreciation		Depreciation
	12,889,375	USD		10,899,000	EUR		MSC		03/21/18	$	—	$	(252,380	)
	9,254,433	USD		1,035,944,000	JPY		CSFB		03/20/18		22,177		—
	Total									$	22,177	$	(252,380	)

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

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
CSFB	Credit Suisse First Boston Corp.
MSC	Morgan Stanley
Currency Abbreviations:
EUR	Euro
JPY	Japanese Yen
Other Abbreviations:
ADR	American Depositary Receipt
REIT	Real Estate Investment Trust

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

85

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total			Level 1(1)		Level 2(1)			Level 3(1)
Assets
Common Stocks
Automobiles & Components	$	113,472,612		$	102,086,698	$	11,385,914		$	—
Banks		341,914,190			303,390,235		38,523,955			—
Capital Goods		200,637,884			149,877,170		46,027,614			4,733,100
Commercial & Professional Services		108,891,732			108,891,732		—			—
Consumer Durables & Apparel		108,102,912			104,876,366		3,194,567			31,979
Consumer Services		161,934,390			161,203,897		—			730,493
Diversified Financials		190,482,475			170,421,552		20,060,923			—
Energy		196,025,950			196,025,950		—			—
Food & Staples Retailing		86,223,624			77,290,228		8,933,396			—
Food, Beverage & Tobacco		158,070,061			96,826,553		61,243,508			—
Health Care Equipment & Services		314,897,929			314,897,929		—			—
Household & Personal Products		47,460,268			47,460,268		—			—
Insurance		310,421,691			265,134,013		45,287,678			—
Materials		238,102,347			190,140,517		47,961,830			—
Media		6,606,106			6,606,106		—			—
Pharmaceuticals, Biotechnology & Life Sciences		362,600,854			356,274,540		6,326,314			—
Real Estate		167,670,529			167,670,529		—			—
Retailing		232,381,018			224,719,590		—			7,661,428
Semiconductors & Semiconductor Equipment		261,961,924			249,333,957		12,627,967			—
Software & Services		706,657,866			693,814,685		11,279,572			1,563,609
Technology Hardware & Equipment		175,744,853			163,513,666		12,231,187			—
Telecommunication Services		68,465,620			44,436,646		24,028,974			—
Transportation		238,665,795			238,665,795		—			—
Utilities		119,704,155			98,577,754		21,126,401			—
Preferred Stocks		46,021,366			—		—			46,021,366
Convertible Preferred Stocks		1,238,075			—		—			1,238,075
Short-Term Investments		95,621,311			95,621,311		—			—
Foreign Currency Contracts(2)		22,177			—		22,177			—
Total	$	5,059,999,714		$	4,627,757,687	$	370,261,977		$	61,980,050
Liabilities
Foreign Currency Contracts(2)	$	(252,380	)	$	—	$	(252,380	)	$	—
Total	$	(252,380	)	$	—	$	(252,380	)	$	—

⁽¹⁾  For the year ended December 31, 2017, there were no transfers from Level 1 to Level 2, investments valued at $16,182,523 were transferred from Level 2 to Level 1 due to the discontinuation of fair valuation factor and investments valued at $1,866,684 were transferred out of Level 3.

⁽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, 2017:

	Common Stocks			Preferred Stocks			Convertible Preferred Stocks			Total
Beginning balance	$	30,005,658		$	61,440,948		$	1,400,338		$	92,846,944
Conversions*		1,368,575			(1,368,575	)		—			—
Purchases		—			—			—			—
Sales		(8,161,480	)		(4,484,299	)		—			(12,645,779	)
Total realized gain/(loss)		(5,402,826	)		(1,486,817	)		—			(6,889,643	)
Net change in unrealized appreciation/depreciation		(2,199,609	)		(7,102,916	)		(162,263	)		(9,464,788	)
Transfers into Level 3		—			—			—			—
Transfers out of Level 3		(889,709	)		(976,975	)		—			(1,866,684	)
Ending balance	$	14,720,609		$	46,021,366		$	1,238,075		$	61,980,050

* Private Equity security that was a preferred stock is now trading as a common stock.

The change in net unrealized appreciation/(depreciation) relating to the Level 3 investments held at December 31, 2017 was $(11,105,508).

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.

86

Hartford Disciplined Equity HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.0%
		Banks - 9.8%
	693,145	Bank of America Corp.	$	20,461,640
	197,013	Fifth Third Bancorp		5,977,374
	188,593	JP Morgan Chase & Co.		20,168,136
	25,219	M&T Bank Corp.		4,312,197
	119,166	PNC Financial Services Group, Inc.		17,194,462
				68,113,809
		Capital Goods - 7.1%
	146,871	AMETEK, Inc.		10,643,741
	40,737	Boeing Co.		12,013,749
	66,549	Fortune Brands Home & Security, Inc.		4,554,613
	26,864	General Dynamics Corp.		5,465,481
	53,893	Illinois Tool Works, Inc.		8,992,047
	44,163	Snap-on, Inc.		7,697,611
				49,367,242
		Commercial & Professional Services - 2.2%
	31,285	Equifax, Inc.		3,689,127
	104,973	IHS Markit Ltd.*		4,739,531
	106,557	Republic Services, Inc.		7,204,319
				15,632,977
		Consumer Durables & Apparel - 3.0%
	177,306	NIKE, Inc. Class B		11,090,490
	131,666	VF Corp.		9,743,284
				20,833,774
		Consumer Services - 2.1%
	198,092	Aramark		8,466,452
	109,360	Starbucks Corp.		6,280,545
				14,746,997
		Diversified Financials - 2.5%
	93,442	Capital One Financial Corp.		9,304,954
	210,790	Synchrony Financial		8,138,602
				17,443,556
		Energy - 1.8%
	28,337	Continental Resources, Inc.*		1,501,011
	102,245	EOG Resources, Inc.		11,033,258
				12,534,269
		Food & Staples Retailing - 1.4%
	52,584	Costco Wholesale Corp.		9,786,934
		Food, Beverage & Tobacco - 3.9%
	151,974	Altria Group, Inc.		10,852,463
	34,916	Constellation Brands, Inc. Class A		7,980,750
	136,441	Monster Beverage Corp.*		8,635,351
				27,468,564
		Health Care Equipment & Services - 9.8%
	140,288	Abbott Laboratories		8,006,236
	49,582	Aetna, Inc.		8,944,097
	141,052	Baxter International, Inc.		9,117,601
	58,779	Danaher Corp.		5,455,867
	109,375	Hologic, Inc.*		4,675,781
	44,817	Laboratory Corp. of America Holdings*		7,148,760
	124,691	Medtronic plc		10,068,798
	67,175	UnitedHealth Group, Inc.		14,809,401
				68,226,541

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.0% - (continued)
		Household & Personal Products - 2.9%
	148,086	Colgate-Palmolive Co.	$	11,173,089
	70,083	Estee Lauder Cos., Inc. Class A		8,917,361
				20,090,450
		Insurance - 4.2%
	83,108	Allstate Corp.		8,702,239
	95,352	Chubb Ltd.		13,933,788
	192,035	XL Group Ltd.		6,751,950
				29,387,977
		Materials - 3.5%
	142,856	Crown Holdings, Inc.*		8,035,650
	105,537	DowDuPont, Inc.		7,516,345
	63,898	Ecolab, Inc.		8,573,834
				24,125,829
		Media - 2.3%
	398,560	Comcast Corp. Class A		15,962,328
		Pharmaceuticals, Biotechnology & Life Sciences - 6.0%
	39,545	Allergan plc		6,468,771
	126,203	Bristol-Myers Squibb Co.		7,733,720
	118,116	Eli Lilly & Co.		9,976,078
	156,434	Merck & Co., Inc.		8,802,541
	45,191	Thermo Fisher Scientific, Inc.		8,580,867
				41,561,977
		Retailing - 5.1%
	91,387	Dollar Tree, Inc.*		9,806,739
	27,006	O’Reilly Automotive, Inc.*		6,496,023
	5,067	Priceline Group, Inc.*		8,805,129
	139,867	TJX Cos., Inc.		10,694,231
				35,802,122
		Semiconductors & Semiconductor Equipment - 2.5%
	31,137	Lam Research Corp.		5,731,388
	92,212	QUALCOMM, Inc.		5,903,412
	134,998	Teradyne, Inc.		5,652,366
				17,287,166
		Software & Services - 14.7%
	18,080	Alphabet, Inc. Class A*		19,045,472
	4,393	Alphabet, Inc. Class C*		4,596,835
	168,421	eBay, Inc.*		6,356,209
	96,673	Facebook, Inc. Class A*		17,058,918
	170,644	GoDaddy, Inc. Class A*		8,579,981
	111,659	Mastercard, Inc. Class A		16,900,706
	161,395	Microsoft Corp.		13,805,728
	54,775	Salesforce.com, Inc.*		5,599,648
	76,668	Total System Services, Inc.		6,063,672
	45,099	Workday, Inc. Class A*		4,588,372
				102,595,541
		Technology Hardware & Equipment - 5.9%
	128,932	Apple, Inc.		21,819,162
	62,207	CDW Corp.		4,322,764
	67,408	Motorola Solutions, Inc.		6,089,639
	167,777	NetApp, Inc.		9,281,424
				41,512,989
		Telecommunication Services - 1.8%
	238,018	Verizon Communications, Inc.		12,598,293

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

87

Hartford Disciplined Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.0% - (continued)
		Transportation - 1.5%
	42,387	FedEx Corp.	$	10,577,252
		Utilities - 5.0%
	159,366	American Electric Power Co., Inc.		11,724,557
	91,439	NextEra Energy, Inc.		14,281,857
	103,039	Pinnacle West Capital Corp.		8,776,862
				34,783,276
		Total Common Stocks (cost $504,459,236)	$	690,439,863
		Total Long-Term Investments (cost $504,459,236)	$	690,439,863
SHORT-TERM INVESTMENTS - 1.2%
		Other Investment Pools & Funds - 1.2%
	8,454,536	BlackRock Liquidity Funds TempFund Portfolio, Institutional Class, 1.17%(1)	$	8,454,536
		Total Short-Term Investments (cost $8,454,536)	$	8,454,536

Total Investments (cost $512,913,772)	100.2	%	$	698,894,399
Other Assets and Liabilities	(0.2	)%		(1,479,922	)
Total Net Assets	100.0	%	$	697,414,477

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

88

Hartford Disciplined Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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.

* Non-income producing.

⁽¹⁾  Current yield as of period end.

^†  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.

89

Hartford Disciplined Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total		Level 1(1)		Level 2(1)		Level 3(1)
Assets
Common Stocks
Banks	$	68,113,809	$	68,113,809	$	—	$	—
Capital Goods		49,367,242		49,367,242		—		—
Commercial & Professional Services		15,632,977		15,632,977		—		—
Consumer Durables & Apparel		20,833,774		20,833,774		—		—
Consumer Services		14,746,997		14,746,997		—		—
Diversified Financials		17,443,556		17,443,556		—		—
Energy		12,534,269		12,534,269		—		—
Food & Staples Retailing		9,786,934		9,786,934		—		—
Food, Beverage & Tobacco		27,468,564		27,468,564		—		—
Health Care Equipment & Services		68,226,541		68,226,541		—		—
Household & Personal Products		20,090,450		20,090,450		—		—
Insurance		29,387,977		29,387,977		—		—
Materials		24,125,829		24,125,829		—		—
Media		15,962,328		15,962,328		—		—
Pharmaceuticals, Biotechnology & Life Sciences		41,561,977		41,561,977		—		—
Retailing		35,802,122		35,802,122		—		—
Semiconductors & Semiconductor Equipment		17,287,166		17,287,166		—		—
Software & Services		102,595,541		102,595,541		—		—
Technology Hardware & Equipment		41,512,989		41,512,989		—		—
Telecommunication Services		12,598,293		12,598,293		—		—
Transportation		10,577,252		10,577,252		—		—
Utilities		34,783,276		34,783,276		—		—
Short-Term Investments		8,454,536		8,454,536		—		—
Total	$	698,894,399	$	698,894,399	$	—	$	—

⁽¹⁾  For the year ended December 31, 2017, there were no transfers between any levels.

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

90

Hartford Dividend and Growth HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.6%
		Automobiles & Components - 0.9%
	2,666,610	Ford Motor Co.	$	33,305,959
		Banks - 12.0%
	4,166,813	Bank of America Corp.		123,004,320
	396,662	Bank of Nova Scotia		25,596,599
	639,093	Citigroup, Inc.		47,554,910
	1,124,271	JP Morgan Chase & Co.		120,229,541
	567,028	PNC Financial Services Group, Inc.		81,816,470
	593,401	Wells Fargo & Co.		36,001,638
				434,203,478
		Capital Goods - 5.3%
	919,045	ABB Ltd. ADR		24,648,787
	234,093	Caterpillar, Inc.		36,888,375
	389,203	Eaton Corp. plc		30,750,929
	520,736	General Electric Co.		9,086,843
	183,227	Honeywell International, Inc.		28,099,693
	877,898	Johnson Controls International plc		33,456,693
	26,974	Lockheed Martin Corp.		8,660,003
	168,238	United Technologies Corp.		21,462,121
				193,053,444
		Consumer Services - 0.8%
	357,417	Hilton Worldwide Holdings, Inc.		28,543,322
		Diversified Financials - 3.4%
	65,704	BlackRock, Inc.		33,752,802
	79,795	Goldman Sachs Group, Inc.		20,328,574
	492,359	Intercontinental Exchange, Inc.		34,740,851
	341,775	Northern Trust Corp.		34,139,905
				122,962,132
		Energy - 9.0%
	735,822	Chevron Corp.		92,117,556
	600,711	ConocoPhillips		32,973,027
	537,776	Exxon Mobil Corp.		44,979,584
	915,320	Hess Corp.		43,450,240
	1,287,511	Kinder Morgan, Inc.		23,265,324
	1,252,672	Suncor Energy, Inc.		45,998,116
	764,981	Total S.A. ADR		42,288,150
				325,071,997
		Food & Staples Retailing - 2.2%
	166,290	Costco Wholesale Corp.		30,949,895
	480,277	CVS Health Corp.		34,820,082
	212,822	Walgreens Boots Alliance, Inc.		15,455,134
				81,225,111
		Food, Beverage & Tobacco - 2.5%
	452,910	PepsiCo, Inc.		54,312,967
	343,067	Philip Morris International, Inc.		36,245,029
				90,557,996
		Health Care Equipment & Services - 4.7%
	398,067	Abbott Laboratories		22,717,684
	477,356	Cardinal Health, Inc.		29,247,602
	90,014	McKesson Corp.		14,037,683
	547,946	Medtronic plc		44,246,639
	177,837	UnitedHealth Group, Inc.		39,205,945
	180,416	Universal Health Services, Inc. Class B		20,450,154
				169,905,707
		Household & Personal Products - 0.7%
	476,246	Unilever N.V.		26,822,175

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.6% - (continued)
		Insurance - 8.2%
	597,804	American International Group, Inc.	$	35,617,162
	48,561	Brighthouse Financial, Inc.*		2,847,617
	512,720	Chubb Ltd.		74,923,774
	414,327	Marsh & McLennan Cos., Inc.		33,722,074
	578,891	MetLife, Inc.		29,268,729
	553,328	Principal Financial Group, Inc.		39,042,824
	691,466	Prudential Financial, Inc.		79,504,761
				294,926,941
		Materials - 3.1%
	455,223	Ball Corp.		17,230,191
	179,393	BHP Billiton plc ADR		7,229,538
	293,638	Celanese Corp. Series A		31,442,757
	11,081	DowDuPont, Inc.		789,189
	639,449	International Paper Co.		37,049,675
	161,448	PPG Industries, Inc.		18,860,355
				112,601,705
		Media - 3.5%
	343,020	CBS Corp. Class B		20,238,180
	2,030,902	Comcast Corp. Class A		81,337,625
	678,893	Twenty-First Century Fox, Inc. Class A		23,442,175
				125,017,980
		Pharmaceuticals, Biotechnology & Life Sciences - 9.0%
	1,584,533	AstraZeneca plc ADR		54,983,295
	1,196,674	Bristol-Myers Squibb Co.		73,332,183
	468,704	Eli Lilly & Co.		39,586,740
	351,983	Johnson & Johnson		49,179,065
	1,116,280	Merck & Co., Inc.		62,813,075
	1,288,438	Pfizer, Inc.		46,667,224
				326,561,582
		Real Estate - 1.3%
	188,936	American Tower Corp. REIT		26,955,499
	71,023	Boston Properties, Inc. REIT		9,235,121
	305,800	Invitation Homes, Inc. REIT		7,207,706
	31,400	Simon Property Group, Inc. REIT		5,392,636
				48,790,962
		Retailing - 0.8%
	168,202	L Brands, Inc.		10,129,125
	211,766	Lowe’s Cos., Inc.		19,681,532
				29,810,657
		Semiconductors & Semiconductor Equipment - 5.1%
	2,189,129	Intel Corp.		101,050,194
	202,041	KLA-Tencor Corp.		21,228,448
	549,857	QUALCOMM, Inc.		35,201,845
	269,972	Texas Instruments, Inc.		28,195,876
				185,676,363
		Software & Services - 9.6%
	278,900	Accenture plc Class A		42,696,801
	93,895	Alphabet, Inc. Class A*		98,908,993
	745,157	eBay, Inc.*		28,122,225
	235,636	International Business Machines Corp.		36,151,275
	1,654,579	Microsoft Corp.		141,532,688
				347,411,982
		Technology Hardware & Equipment - 4.9%
	446,260	Apple, Inc.		75,520,580
	1,191,812	Cisco Systems, Inc.		45,646,399

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

91

Hartford Dividend and Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.6% - (continued)
		Technology Hardware & Equipment - 4.9% - (continued)
	1,029,913	HP, Inc.	$	21,638,472
	375,591	Motorola Solutions, Inc.		33,930,891
				176,736,342
		Telecommunication Services - 3.1%
	1,065,567	BCE, Inc.		51,157,872
	1,123,668	Verizon Communications, Inc.		59,475,747
				110,633,619
		Transportation - 3.7%
	107,513	Canadian Pacific Railway Ltd.		19,649,076
	379,801	Delta Air Lines, Inc.		21,268,856
	174,819	Union Pacific Corp.		23,443,228
	590,349	United Parcel Service, Inc. Class B		70,340,083
				134,701,243
		Utilities - 4.8%
	503,080	Dominion Energy, Inc.		40,779,665
	544,162	Edison International		34,412,805
	805,665	Exelon Corp.		31,751,257
	416,532	NextEra Energy, Inc.		65,058,133
				172,001,860
		Total Common Stocks (cost $2,412,919,546)	$	3,570,522,557
		Total Long-Term Investments (cost $2,412,919,546)	$	3,570,522,557
SHORT-TERM INVESTMENTS - 1.4%
		Other Investment Pools & Funds - 1.4%
	48,655,540	Fidelity Institutional Government Fund, Institutional Class, 1.16%(1)		48,655,540
		Total Short-Term Investments (cost $48,655,540)	$	48,655,540

Total Investments (cost $2,461,575,086)	100.0	%	$	3,619,178,097
Other Assets and Liabilities	0.0	%		472,685
Total Net Assets	100.0	%	$	3,619,650,782

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

92

Hartford Dividend and Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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.

* Non-income producing.

⁽¹⁾  Current yield as of period end.

^†  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.

93

Hartford Dividend and Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total		Level 1(1)		Level 2(1)		Level 3(1)
Assets
Common Stocks
Automobiles & Components	$	33,305,959	$	33,305,959	$	—	$	—
Banks		434,203,478		434,203,478		—		—
Capital Goods		193,053,444		193,053,444		—		—
Consumer Services		28,543,322		28,543,322		—		—
Diversified Financials		122,962,132		122,962,132		—		—
Energy		325,071,997		325,071,997		—		—
Food & Staples Retailing		81,225,111		81,225,111		—		—
Food, Beverage & Tobacco		90,557,996		90,557,996		—		—
Health Care Equipment & Services		169,905,707		169,905,707		—		—
Household & Personal Products		26,822,175		26,822,175		—		—
Insurance		294,926,941		294,926,941		—		—
Materials		112,601,705		112,601,705		—		—
Media		125,017,980		125,017,980		—		—
Pharmaceuticals, Biotechnology & Life Sciences		326,561,582		326,561,582		—		—
Real Estate		48,790,962		48,790,962		—		—
Retailing		29,810,657		29,810,657		—		—
Semiconductors & Semiconductor Equipment		185,676,363		185,676,363		—		—
Software & Services		347,411,982		347,411,982		—		—
Technology Hardware & Equipment		176,736,342		176,736,342		—		—
Telecommunication Services		110,633,619		110,633,619		—		—
Transportation		134,701,243		134,701,243		—		—
Utilities		172,001,860		172,001,860		—		—
Short-Term Investments		48,655,540		48,655,540		—		—
Total	$	3,619,178,097	$	3,619,178,097	$	—	$	—

⁽¹⁾  For the year ended December 31, 2017, there were no transfers between any levels.

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

94

Hartford Global Growth HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.9%
		Automobiles & Components - 0.6%
	50,705	Magna International, Inc.	$	2,873,687
		Banks - 4.7%
	421,675	Banco Santander S.A.		2,764,599
	286,132	Bank of America Corp.		8,446,616
	52,703	BNP Paribas S.A.		3,920,501
	35,664	HDFC Bank Ltd. ADR		3,625,959
	18,925	PNC Financial Services Group, Inc.		2,730,688
	149,595	UniCredit S.p.A.*		2,790,579
				24,278,942
		Capital Goods - 8.9%
	140,119	ABB Ltd.		3,752,994
	40,138	Airbus SE		3,989,184
	129,354	Assa Abloy AB Class B		2,681,698
	78,962	Atlas Copco AB Class A		3,407,687
	13,500	FANUC Corp.		3,238,600
	61,671	Fastenal Co.		3,372,787
	44,391	Fortune Brands Home & Security, Inc.		3,038,120
	112,100	Komatsu Ltd.		4,051,262
	24,499	Lockheed Martin Corp.		7,865,404
	24,600	Nidec Corp.		3,444,419
	34,588	Safran S.A.		3,567,598
	8,272	SMC Corp.		3,394,697
				45,804,450
		Commercial & Professional Services - 1.9%
	141,100	Edenred		4,084,826
	64,502	IHS Markit Ltd.*		2,912,265
	52,669	TransUnion*		2,894,688
				9,891,779
		Consumer Durables & Apparel - 2.1%
	57,734	NIKE, Inc. Class B		3,611,262
	1,067	NVR, Inc.*		3,743,271
	83,100	Sony Corp.		3,729,763
				11,084,296
		Consumer Services - 4.2%
	190,739	Compass Group plc		4,112,755
	114,161	Melco Resorts & Entertainment Ltd. ADR		3,315,235
	55,712	New Oriental Education & Technology Group, Inc. ADR		5,236,928
	640,862	Sands China Ltd.		3,298,671
	87,581	TAL Education Group ADR		2,602,032
	26,278	Wyndham Worldwide Corp.		3,044,832
				21,610,453
		Diversified Financials - 6.1%
	42,248	American Express Co.		4,195,649
	180,215	Deutsche Bank AG		3,408,581
	50,179	Intercontinental Exchange, Inc.		3,540,630
	106,548	Julius Baer Group Ltd.*		6,515,630
	4,459	Partners Group Holding AG		3,055,274
	142,087	TD Ameritrade Holding Corp.		7,264,909
	181,195	UBS Group AG*		3,329,051
				31,309,724
		Energy - 1.3%
	284,219	Encana Corp.		3,791,848
	164,454	Galp Energia SGPS S.A.		3,021,470
				6,813,318

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.9% - (continued)
		Food, Beverage & Tobacco - 5.3%
	387,500	Ambev S.A.	$	2,485,906
	119,340	British American Tobacco plc		8,067,241
	16,752	Constellation Brands, Inc. Class A		3,829,005
	403,131	Davide Campari-Milano S.p.A.		3,114,839
	94,372	Diageo plc		3,459,147
	60,100	Monster Beverage Corp.*		3,803,729
	228,298	Treasury Wine Estates Ltd.		2,832,941
				27,592,808
		Health Care Equipment & Services - 7.8%
	69,880	Abbott Laboratories		3,988,052
	18,495	Aetna, Inc.		3,336,313
	17,676	Align Technology, Inc.*		3,927,430
	47,336	Baxter International, Inc.		3,059,799
	245,727	Boston Scientific Corp.*		6,091,572
	17,617	Cigna Corp.		3,577,837
	42,106	DexCom, Inc.*		2,416,463
	32,984	Edwards Lifesciences Corp.*		3,717,627
	23,746	Stryker Corp.		3,676,831
	30,498	UnitedHealth Group, Inc.		6,723,589
				40,515,513
		Household & Personal Products - 1.4%
	21,595	Estee Lauder Cos., Inc. Class A		2,747,748
	79,108	Unilever N.V.		4,454,011
				7,201,759
		Insurance - 3.0%
	24,992	Allstate Corp.		2,616,913
	132,155	Manulife Financial Corp.		2,756,646
	720,300	Ping An Insurance Group Co. of China Ltd. Class H		7,471,001
	19,467	Willis Towers Watson plc		2,933,482
				15,778,042
		Materials - 1.9%
	169,229	BHP Billiton plc		3,421,869
	222,449	First Quantum Minerals Ltd.		3,116,410
	28,256	HeidelbergCement AG		3,046,712
				9,584,991
		Pharmaceuticals, Biotechnology & Life Sciences - 4.9%
	50,047	AstraZeneca plc		3,453,525
	66,541	Bristol-Myers Squibb Co.		4,077,633
	45,800	Eisai Co., Ltd.		2,601,879
	33,775	ICON plc*		3,787,866
	26,764	Incyte Corp.*		2,534,818
	10,804	Roche Holding AG		2,731,848
	19,797	Thermo Fisher Scientific, Inc.		3,759,054
	15,256	Vertex Pharmaceuticals, Inc.*		2,286,264
				25,232,887
		Real Estate - 1.4%
	51,293	American Tower Corp. REIT		7,317,972
		Retailing - 7.8%
	4,762	Amazon.com, Inc.*		5,569,016
	33,653	Home Depot, Inc.		6,378,253
	73,973	Industria de Diseno Textil S.A.		2,572,169
	38,510	Netflix, Inc.*		7,392,380
	4,124	Priceline Group, Inc.*		7,166,440
	49,775	Ross Stores, Inc.		3,994,444
	40,912	Wayfair, Inc. Class A*		3,284,006
	74,907	Zalando SE*(1)		3,949,680
				40,306,388

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

95

Hartford Global Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.9% - (continued)
		Semiconductors & Semiconductor Equipment - 5.7%
	177,913	Advanced Micro Devices, Inc.*	$	1,828,946
	37,553	Analog Devices, Inc.		3,343,344
	60,220	Applied Materials, Inc.		3,078,446
	19,643	ASML Holding N.V.		3,415,097
	14,002	Broadcom Ltd.		3,597,114
	145,266	Infineon Technologies AG		3,956,202
	26,377	KLA-Tencor Corp.		2,771,431
	21,378	NVIDIA Corp.		4,136,643
	417,000	Taiwan Semiconductor Manufacturing Co., Ltd.		3,192,999
				29,320,222
		Software & Services - 25.8%
	59,362	Adobe Systems, Inc.*		10,402,597
	39,983	Alibaba Group Holding Ltd. ADR*		6,894,269
	19,695	Alphabet, Inc. Class C*		20,608,848
	32,064	Autodesk, Inc.*		3,361,269
	2,286	Dropbox, Inc. Class B*(1)(2)(3)(4)		30,221
	89,800	eBay, Inc.*		3,389,052
	90,484	Facebook, Inc. Class A*		15,966,807
	29,022	Global Payments, Inc.		2,909,165
	24,224	Intuit, Inc.		3,822,063
	55,137	Mastercard, Inc. Class A		8,345,536
	138,172	Microsoft Corp.		11,819,233
	11,300	Nintendo Co., Ltd.		4,069,091
	122,638	PayPal Holdings, Inc.*		9,028,609
	75,747	Salesforce.com, Inc.*		7,743,616
	35,171	ServiceNow, Inc.*		4,585,947
	150,800	Tencent Holdings Ltd.		7,805,093
	40,090	Total System Services, Inc.		3,170,718
	50,640	Visa, Inc. Class A		5,773,973
	106,206	Yandex N.V. Class A*		3,478,246
				133,204,353
		Technology Hardware & Equipment - 3.0%
	86,700	Alps Electric Co., Ltd.		2,466,213
	177,506	Flex Ltd.*		3,193,333
	6,500	Keyence Corp.		3,631,103
	1,913	Samsung Electronics Co., Ltd.		4,545,117
	148,583	Sunny Optical Technology Group Co., Ltd.		1,886,595
				15,722,361
		Telecommunication Services - 1.1%
	50,602	T-Mobile USA, Inc.*		3,213,733
	8,082,110	Telekomunikasi Indonesia Persero Tbk PT		2,645,220
				5,858,953
		Total Common Stocks (cost $371,615,856)	$	511,302,898
PREFERRED STOCKS - 0.5%
		Automobiles & Components - 0.5%
	14,711	Volkswagen AG*(1)	$	2,922,088
		Total Preferred Stocks (cost $2,744,059)	$	2,922,088

Shares or Principal Amount			Market Value†
WARRANTS - 0.0%
		Diversified Financials - 0.0%
	1,035	Emergent Capital, Inc. Expires 4/11/19*(3)(4)	$	—
		Total Warrants (cost $—)	$	—
		Total Long-Term Investments (cost $374,359,915)	$	514,224,986
SHORT-TERM INVESTMENTS - 1.1%
		Other Investment Pools & Funds - 1.1%
	5,576,466	Fidelity Institutional Government Fund, Institutional Class,1.16%(5)	$	5,576,466
		Total Short-Term Investments (cost $5,576,466)	$	5,576,466

Total Investments (cost $379,936,381)	100.5	%	$	519,801,452
Other Assets and Liabilities	(0.5	)%		(2,778,931	)
Total Net Assets	100.0	%	$	517,022,521

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

96

Hartford Global Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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 will generally 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.

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.

* Non-income producing.

⁽¹⁾  Securities issued within terms of a private placement memorandum and exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2017, the aggregate value of these securities was $6,901,989, which represented 1.3% of total net assets.

⁽²⁾  Investment valued using significant unobservable inputs.

⁽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, 2017, the aggregate fair value of these securities was $2,952,309, which represented 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.

⁽⁴⁾  This security has been identified as 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. The identification of illiquid securities is unaudited. At December 31, 2017, the aggregate value of these securities was $30,221, which represents 0.0% of total net assets.

⁽⁵⁾  Current yield as of period end.

^†  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.

97

Hartford Global Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total		Level 1(1)		Level 2(1)		Level 3(1)
Assets
Common Stocks
Automobiles & Components	$	2,873,687	$	2,873,687	$	—	$	—
Banks		24,278,942		14,803,263		9,475,679		—
Capital Goods		45,804,450		14,276,311		31,528,139		—
Commercial & Professional Services		9,891,779		5,806,953		4,084,826		—
Consumer Durables & Apparel		11,084,296		7,354,533		3,729,763		—
Consumer Services		21,610,453		14,199,027		7,411,426		—
Diversified Financials		31,309,724		15,001,188		16,308,536		—
Energy		6,813,318		3,791,848		3,021,470		—
Food, Beverage & Tobacco		27,592,808		10,118,640		17,474,168		—
Health Care Equipment & Services		40,515,513		40,515,513		—		—
Household & Personal Products		7,201,759		2,747,748		4,454,011		—
Insurance		15,778,042		8,307,041		7,471,001		—
Materials		9,584,991		3,116,410		6,468,581		—
Pharmaceuticals, Biotechnology & Life Sciences		25,232,887		16,445,635		8,787,252		—
Real Estate		7,317,972		7,317,972		—		—
Retailing		40,306,388		33,784,539		6,521,849		—
Semiconductors & Semiconductor Equipment		29,320,222		18,755,924		10,564,298		—
Software & Services		133,204,353		121,299,948		11,874,184		30,221
Technology Hardware & Equipment		15,722,361		3,193,333		12,529,028		—
Telecommunication Services		5,858,953		3,213,733		2,645,220		—
Preferred Stocks		2,922,088		—		2,922,088		—
Warrants		—		—		0		—
Short-Term Investments		5,576,466		5,576,466		—		—
Total	$	519,801,452	$	352,499,712	$	167,271,519	$	30,221

⁽¹⁾ For the year ended December 31, 2017, there were no transfers between any levels.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the year ended December 31, 2017 is not presented.

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

98

Hartford Growth Opportunities HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 94.3%
		Banks - 2.3%
	291,729	Citigroup, Inc.	$	21,707,555
	95,093	PNC Financial Services Group, Inc.		13,720,969
				35,428,524
		Capital Goods - 4.7%
	147,947	Deere & Co.		23,155,185
	107,235	Harris Corp.		15,189,838
	115,349	IDEX Corp.		15,222,608
	1,458,400	Lithium Technology Corp., Escrow*(1)(2)(3)(4)		481,272
	85,261	Rockwell Automation, Inc.		16,740,997
				70,789,900
		Commercial & Professional Services - 0.6%
	18,785	Klarna Holding AB*(1)(2)(3)(4)		2,204,983
	759,300	Landscape Acquisition Holdings Ltd.*		7,251,315
				9,456,298
		Consumer Durables & Apparel - 0.7%
	821,259	Under Armour, Inc. Class C*		10,939,170
		Consumer Services - 4.5%
	1,556,596	DraftKings, Inc.*(1)(2)(3)(4)		2,210,367
	260,521	Hilton Worldwide Holdings, Inc.		20,805,207
	842,774	Melco Resorts & Entertainment Ltd. ADR		24,474,157
	125,331	Wynn Resorts Ltd.		21,129,553
				68,619,284
		Diversified Financials - 6.1%
	312,761	American Express Co.		31,060,295
	1,469,900	J2 Acquisition Ltd.*(3)		14,699,000
	510,427	Ocelot Partners Ltd.*(3)		4,900,099
	494,971	TD Ameritrade Holding Corp.		25,307,867
	870,483	UBS Group AG*		15,993,170
				91,960,431
		Energy - 0.6%
	267,261	Newfield Exploration Co.*		8,426,739
		Food, Beverage & Tobacco - 2.3%
	686,384	Blue Buffalo Pet Products, Inc.*		22,506,532
	195,977	Monster Beverage Corp.*		12,403,384
				34,909,916
		Health Care Equipment & Services - 7.3%
	267,915	Abbott Laboratories		15,289,909
	351,135	Baxter International, Inc.		22,697,367
	319,711	DexCom, Inc.*		18,348,214
	140,240	Edwards Lifesciences Corp.*		15,806,450
	684,135	Hologic, Inc.*		29,246,771
	165,247	Veeva Systems, Inc. Class A*		9,134,854
				110,523,565
		Materials - 2.1%
	149,672	Packaging Corp. of America		18,042,960
	1,387,049	Platform Specialty Products Corp.*		13,759,526
				31,802,486
		Pharmaceuticals, Biotechnology & Life Sciences - 5.8%
	542,585	AstraZeneca plc ADR		18,827,699
	438,224	Bristol-Myers Squibb Co.		26,854,367
	403,855	Exact Sciences Corp.*		21,218,542
	174,648	Ionis Pharmaceuticals, Inc.*		8,784,794
	47,240	TESARO, Inc.*		3,914,779
	49,783	Vertex Pharmaceuticals, Inc.*		7,460,480
				87,060,661

Shares or Principal Amount			Market Value†
COMMON STOCKS - 94.3% - (continued)
		Real Estate - 1.7%
	293,189	Redfin Corp. Series G PIPE*(1)(2)(4)	$	9,050,041
	10,657	WeWork Companies, Inc. Class A, REIT*(1)(2)(3)(4)		552,139
	1,223,376	Williams Scotsman Corp.*		15,536,875
				25,139,055
		Retailing - 5.3%
	139,955	Dollar Tree, Inc.*		15,018,571
	43,732	Honest Co.*(1)(2)(3)(4)		773,182
	41,578	JAND, Inc. Class A*(1)(2)(3)(4)		404,138
	112,603	Netflix, Inc.*		21,615,272
	14,064	Priceline Group, Inc.*		24,439,575
	38,805	Tory Burch LLC*(1)(2)(3)(4)		1,908,820
	200,730	Wayfair, Inc. Class A*		16,112,597
				80,272,155
		Semiconductors & Semiconductor Equipment - 6.9%
	75,951	Cavium, Inc.*		6,366,972
	225,247	Microchip Technology, Inc.		19,794,707
	577,332	Micron Technology, Inc.*		23,739,892
	170,064	NVIDIA Corp.		32,907,384
	526,045	Teradyne, Inc.		22,025,504
				104,834,459
		Software & Services - 35.8%
	135,121	Adobe Systems, Inc.*		23,678,604
	103,185	Alibaba Group Holding Ltd. ADR*		17,792,190
	108,734	Alphabet, Inc. Class C*		113,779,258
	215,082	Atlassian Corp. plc Class A*		9,790,533
	1,070,278	Birst, Inc. Escrow*(1)(2)(3)(4)		101,677
	98,276	CoStar Group, Inc.*		29,183,058
	473,727	Facebook, Inc. Class A*		83,593,867
	117,752	FleetCor Technologies, Inc.*		22,659,017
	13,300	ForeScout Technologies, Inc.*		424,137
	138,724	ForeScout Technologies, Inc.*(1)(2)(3)(4)		4,136,354
	192,759	Global Payments, Inc.		19,322,162
	365,455	GoDaddy, Inc. Class A*		18,375,077
	293,908	Guidewire Software, Inc.*		21,825,608
	405,184	PayPal Holdings, Inc.*		29,829,646
	328,411	Salesforce.com, Inc.*		33,573,457
	239,310	ServiceNow, Inc.*		31,203,631
	112,438	Shopify, Inc. Class A*		11,356,238
	447,351	Trade Desk, Inc. Class A*		20,457,361
	210,735	Veracode, Inc. Escrow*(1)(2)(3)(4)		847,155
	276,349	Workday, Inc. Class A*		28,115,747
	481,897	Zillow Group, Inc. Class C*		19,719,225
				539,764,002
		Technology Hardware & Equipment - 3.5%
	81,354	Arista Networks, Inc.*		19,165,375
	26,458	IPG Photonics Corp.*		5,665,452
	59,609	Universal Display Corp.		10,291,494
	168,294	Zebra Technologies Corp. Class A*		17,468,917
				52,591,238
		Transportation - 4.1%
	349,142	CSX Corp.		19,206,302
	134,530	J.B. Hunt Transport Services, Inc.		15,468,259
	721,338	JetBlue Airways Corp.*		16,114,691
	165,400	United Continental Holdings, Inc.*		11,147,960
				61,937,212
		Total Common Stocks (cost $1,184,742,400)	$	1,424,455,095

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

99

Hartford Growth Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
PREFERRED STOCKS - 4.7%
		Real Estate - 0.9%
	145,709	WeWork Companies, Inc. Class D-1*(1)(2)(3)(4)	$	7,549,183
	114,486	WeWork Companies, Inc. Class D-2*(1)(2)(3)(4)		5,931,520
				13,480,703
		Retailing - 0.6%
	1,605,750	Coupang LLC*(1)(2)(3)(4)		7,991,978
	92,843	JAND, Inc. Series D*(1)(2)(3)(4)		1,006,418
				8,998,396
		Software & Services - 3.2%
	1,871,878	Essence Group Holdings Corp. Series 3*(1)(2)(3)(4)		3,612,724
	50,806	General Assembly Space, Inc. Series D*(1)(2)(3)(4)		2,490,556
	287,204	Lookout, Inc. Series F*(1)(2)(3)(4)		2,289,016
	366,944	MarkLogic Corp. Series F*(1)(2)(3)(4)		3,596,051
	488,790	Pinterest, Inc. Series G*(1)(2)(3)(4)		3,279,781
	759,876	Uber Technologies, Inc. Series D*(1)(2)(3)(4)		26,671,648
	1,160,072	Zuora, Inc. Series F*(1)(2)(3)(4)		6,183,184
				48,122,960
		Total Preferred Stocks (cost $43,095,374)	$	70,602,059
CONVERTIBLE PREFERRED STOCKS - 0.2%
		Retailing - 0.2%
	102,040	Honest Co. Series C*(1)(2)(3)(4)	$	3,114,261
		Total Convertible Preferred Stocks (cost $2,760,927)	$	3,114,261
WARRANTS - 0.2%
		Commercial & Professional Services - 0.0%
	759,300	Landscape Acquisition Holdings Ltd. Expires 11/23/22*	$	455,580
		Diversified Financials - 0.1%
	1,469,900	J2 Acquisition Ltd. Expires 10/10/20*		881,940
	510,427	Ocelot Partners Ltd. Expires 4/1/20*		306,256
				1,188,196
		Real Estate - 0.1%
	621,393	Williams Scotsman Corp. Expires 9/16/20*		894,806
		Total Warrants (cost $568,009)	$	2,538,582
		Total Long-Term Investments (cost $1,231,166,710)	$	1,500,709,997

Shares or Principal Amount			Market Value†
SHORT-TERM INVESTMENTS - 0.8%
		Other Investment Pools & Funds - 0.8%
	11,022,662	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 1.21%(5)	$	11,022,662
		Total Short-Term Investments (cost $11,022,662)	$	11,022,662

Total Investments (cost $1,242,189,372)	100.2	%	$	1,511,732,659
Other Assets and Liabilities	(0.2	)%		(2,287,396	)
Total Net Assets	100.0	%	$	1,509,445,263

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

100

Hartford Growth Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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 will generally 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.

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.

* 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, 2017, the aggregate fair value of these securities was $96,386,448, which represented 6.4% 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⁾  This security has been identified as 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. The identification of illiquid securities is unaudited. At December 31, 2017, the aggregate value of these securities was $96,386,448, which represents 6.4% of total net assets.

The following illiquid securities are considered restricted due to a contractual lock-up period associated with the securities:

Period Acquired	Security Name	Shares/Par Value	Base Total Cost		Base Market Value
11/2015	ForeScout Technologies, Inc.	138,724	$	2,804,291	$	4,136,354
12/2014	Redfin Corp. Series G PIPE	293,189		2,900,555		9,050,041

⁽³⁾  Securities issued within terms of a private placement memorandum and exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2017, the aggregate value of these securities was $106,935,506, which represented 7.1% of total net assets.

⁽⁴⁾  Investment valued using significant unobservable inputs.

⁽⁵⁾  Current yield as of period end.

^†  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
PIPE	Private Investment in Public Equity
REIT	Real Estate Investment Trust

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

101

Hartford Growth Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total		Level 1(1)		Level 2(1)		Level 3(1)
Assets
Common Stocks
Banks	$	35,428,524	$	35,428,524	$	—	$	—
Capital Goods		70,789,900		70,308,628		—		481,272
Commercial & Professional Services		9,456,298		7,251,315		—		2,204,983
Consumer Durables & Apparel		10,939,170		10,939,170		—		—
Consumer Services		68,619,284		66,408,917		—		2,210,367
Diversified Financials		91,960,431		75,967,261		15,993,170		—
Energy		8,426,739		8,426,739		—		—
Food, Beverage & Tobacco		34,909,916		34,909,916		—		—
Health Care Equipment & Services		110,523,565		110,523,565		—		—
Materials		31,802,486		31,802,486		—		—
Pharmaceuticals, Biotechnology & Life Sciences		87,060,661		87,060,661		—		—
Real Estate		25,139,055		15,536,875		—		9,602,180
Retailing		80,272,155		77,186,015		—		3,086,140
Semiconductors & Semiconductor Equipment		104,834,459		104,834,459		—		—
Software & Services		539,764,002		534,678,816		—		5,085,186
Technology Hardware & Equipment		52,591,238		52,591,238		—		—
Transportation		61,937,212		61,937,212		—		—
Preferred Stocks		70,602,059		—		—		70,602,059
Convertible Preferred Stocks		3,114,261		—		—		3,114,261
Warrants		2,538,582		2,538,582		—		—
Short-Term Investments		11,022,662		11,022,662		—		—
Total	$	1,511,732,659	$	1,399,353,041	$	15,993,170	$	96,386,448

⁽¹⁾  For the year ended December 31, 2017, investments valued at $6,703,603 were transferred out of Level 3 due to the initiation of a vendor providing pricing. There were no transfers in or out of Level 1 or 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, 2017:

	Common Stocks			Preferred Stocks			Corporate Bonds			Convertible Preferred Stocks			Total
Beginning balance	$	10,774,974		$	107,035,352		$	705,896		$	3,522,420		$	122,038,642
Conversions*		8,685,989			(7,980,093	)		(705,896	)		—			—
Purchases		—			—			—			—			—
Sales		(3,433,313	)		(16,695,403	)		—			—			(20,128,716	)
Accrued discounts/(premiums)		—			—			—			—			—
Total realized gain/(loss)		(1,245,484	)		736,289			—			—			(509,195	)
Net change in unrealized appreciation/depreciation		8,837,474			(6,739,995	)		—			(408,159	)		1,689,320
Transfers into Level 3		—			—			—			—			—
Transfers out of Level 3		(949,512	)		(5,754,091	)		—			—			(6,703,603	)
Ending balance	$	22,670,128		$	70,602,059		$	—		$	3,114,261		$	96,386,448

* Private Equity security that was a preferred stock and convertible bond is now trading as a common stock.

The change in net unrealized appreciation/(depreciation) relating to the Level 3 investments held at December 31, 2017 was $2,010,817.

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

102

Hartford Healthcare HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.2%
		Biotechnology - 24.9%
	192,347	Aduro Biotech, Inc.*	$	1,442,603
	82,413	Alder Biopharmaceuticals, Inc.*		943,629
	133,007	Alkermes plc*		7,279,473
	32,140	Alnylam Pharmaceuticals, Inc.*		4,083,387
	52,074	Arena Pharmaceuticals, Inc.*		1,768,954
	11,681	Biogen, Inc.*		3,721,216
	82,500	Biotoscana Investments S.A.*		512,345
	28,051	Bluebird Bio, Inc.*		4,995,883
	64,936	Calithera Biosciences, Inc.*		542,216
	101,262	Celgene Corp.*		10,567,702
	85,390	Clementia Pharmaceuticals, Inc.*		1,620,702
	243,710	Coherus Biosciences, Inc.*		2,144,648
	124,222	Cytokinetics, Inc.*		1,012,409
	21,250	Galapagos N.V.*		2,002,331
	18,971	Genmab A/S*		3,146,189
	92,122	GlycoMimetics, Inc.*		1,546,728
	33,988	Incyte Corp.*		3,219,003
	22,250	Innate Pharma S.A.*		126,809
	138,403	Ironwood Pharmaceuticals, Inc.*		2,074,661
	85,390	Karyopharm Therapeutics, Inc.*		819,744
	68,938	Loxo Oncology, Inc.*		5,803,201
	68,087	Momenta Pharmaceuticals, Inc.*		949,814
	77,300	Nightstar Therapeutics plc ADR*		1,059,010
	114,007	Portola Pharmaceuticals, Inc.*		5,549,861
	10,094	Regeneron Pharmaceuticals, Inc.*		3,794,940
	369,467	Rigel Pharmaceuticals, Inc.*		1,433,532
	140,320	Syndax Pharmaceuticals, Inc.*		1,229,203
	23,676	TESARO, Inc.*		1,962,030
	177,518	Trevena, Inc.*		284,029
	27,227	Ultragenyx Pharmaceutical, Inc.*		1,262,788
	20,652	UroGen Pharma Ltd.*		768,461
	37,618	Vertex Pharmaceuticals, Inc.*		5,637,434
	25,566	Zealand Pharma A/S ADR*		347,698
				83,652,633
		Drug Retail - 1.5%
	55,215	Walgreens Boots Alliance, Inc.		4,009,713
	6,865	Zur Rose Group AG*		922,895
				4,932,608
		Health Care Distributors - 3.2%
	63,636	Cardinal Health, Inc.		3,898,977
	43,505	McKesson Corp.		6,784,605
				10,683,582
		Health Care Equipment - 21.8%
	133,970	Abbott Laboratories		7,645,668
	75,609	AtriCure, Inc.*		1,379,108
	28,998	Baxter International, Inc.		1,874,431
	29,128	Becton Dickinson and Co.		6,235,140
	385,255	Boston Scientific Corp.*		9,550,471
	20,965	Danaher Corp.		1,945,971
	32,240	Edwards Lifesciences Corp.*		3,633,770
	143,117	Globus Medical, Inc. Class A*		5,882,109
	44,164	Hologic, Inc.*		1,888,011
	159,570	K2M Group Holdings, Inc.*		2,872,260
	198,804	Medtronic plc		16,053,423
	62,653	Stryker Corp.		9,701,191
	14,716	Teleflex, Inc.		3,661,635
	7,362	Zimmer Biomet Holdings, Inc.		888,373
				73,211,561

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.2% - (continued)
		Health Care Facilities - 2.7%
	52,130	Acadia Healthcare Co., Inc.*	$	1,701,002
	158,284	Georgia Healthcare Group plc*(1)		758,661
	45,138	HCA Healthcare, Inc.*		3,964,922
	25,483	LifePoint Health, Inc.*		1,269,053
	11,417	Universal Health Services, Inc. Class B		1,294,117
				8,987,755
		Health Care Services - 1.1%
	53,898	Envision Healthcare Corp.*		1,862,715
	48,468	Teladoc, Inc.*		1,689,110
				3,551,825
		Health Care Supplies - 0.7%
	25,646	DENTSPLY SIRONA, Inc.		1,688,276
	110,190	Endologix, Inc.*		589,517
	7,400	OraSure Technologies, Inc.*		139,564
				2,417,357
		Health Care Technology - 2.3%
	25,902	athenahealth, Inc.*		3,446,002
	37,923	Cerner Corp.*		2,555,631
	101,532	HMS Holdings Corp.*		1,720,967
				7,722,600
		Life Sciences Tools & Services - 3.2%
	14,698	ICON plc*		1,648,381
	39,617	NanoString Technologies, Inc.*		295,939
	45,792	Thermo Fisher Scientific, Inc.		8,694,985
	19,000	Wuxi Biologics Cayman, Inc.*(1)		106,273
				10,745,578
		Managed Health Care - 12.2%
	9,294	Aetna, Inc.		1,676,545
	28,884	Anthem, Inc.		6,499,189
	30,643	Cigna Corp.		6,223,287
	7,071	Humana, Inc.		1,754,103
	97,390	UnitedHealth Group, Inc.		21,470,599
	15,526	WellCare Health Plans, Inc.*		3,122,434
				40,746,157
		Pharmaceuticals - 24.6%
	69,134	Allergan plc		11,308,940
	249,108	AstraZeneca plc ADR		8,644,048
	234,815	Bristol-Myers Squibb Co.		14,389,463
	31,270	Chugai Pharmaceutical Co., Ltd.		1,598,169
	23,161	Dermira, Inc.*		644,107
	63,590	Eisai Co., Ltd.		3,612,521
	114,399	Eli Lilly & Co.		9,662,139
	8,960	Galenica AG*(1)		459,914
	16,822	Hikma Pharmaceuticals plc		257,002
	48,607	Impax Laboratories, Inc.*		809,307
	43,003	Intersect ENT, Inc.*		1,393,297
	13,083	Johnson & Johnson		1,827,957
	23,000	Kala Pharmaceuticals, Inc.*		425,270
	104,897	Medicines Co.*		2,867,884
	236,571	MediWound Ltd.*		1,052,741
	125,262	Mylan N.V.*		5,299,835
	94,379	MyoKardia, Inc.*		3,973,356
	132,015	Nabriva Therapeutics plc*		789,450
	98,320	Ono Pharmaceutical Co., Ltd.		2,287,091
	80,594	Revance Therapeutics, Inc.*		2,881,235
	39,470	Shionogi & Co., Ltd.		2,132,756

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

103

Hartford Healthcare HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.2% - (continued)
		Pharmaceuticals - 24.6% - (continued)
	649,820	Sino Biopharmaceutical Ltd.	$	1,148,822
	18,710	Takeda Pharmaceutical Co., Ltd.		1,059,317
	58,247	Teva Pharmaceutical Industries Ltd. ADR		1,103,781
	37,845	UCB S.A.		3,000,839
				82,629,241
		Total Common Stocks (cost $269,296,485)	$	329,280,897
		Total Long-Term Investments (cost $269,296,485)	$	329,280,897
SHORT-TERM INVESTMENTS - 1.8%
		Other Investment Pools & Funds - 1.8%
	6,130,763	Fidelity Institutional Government Fund, Institutional Class, 1.16%(2)	$	6,130,763
		Total Short-Term Investments (cost $6,130,763)	$	6,130,763

Total Investments (cost $275,427,248)	100.0	%	$	335,411,660
Other Assets and Liabilities	0.0	%		(13,459	)
Total Net Assets	100.0	%	$	335,398,201

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

104

Hartford Healthcare HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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 will generally 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.

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.

* Non-income producing.

⁽¹⁾  Securities issued within terms of a private placement memorandum and exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2017, the aggregate value of these securities was $1,324,848, which represented 0.4% of total net assets.

⁽²⁾  Current yield as of period end.

^†  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.

105

Hartford Healthcare HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total		Level 1(1)		Level 2(1)		Level 3(1)
Assets
Common Stocks
Biotechnology	$	83,652,633	$	81,650,302	$	2,002,331	$	—
Drug Retail		4,932,608		4,932,608		—		—
Health Care Distributors		10,683,582		10,683,582		—		—
Health Care Equipment		73,211,561		73,211,561		—		—
Health Care Facilities		8,987,755		8,987,755		—		—
Health Care Services		3,551,825		3,551,825		—		—
Health Care Supplies		2,417,357		2,417,357		—		—
Health Care Technology		7,722,600		7,722,600		—		—
Life Sciences Tools & Services		10,745,578		10,745,578		—		—
Managed Health Care		40,746,157		40,746,157		—		—
Pharmaceuticals		82,629,241		67,072,810		15,556,431		—
Short-Term Investments		6,130,763		6,130,763		—		—
Total	$	335,411,660	$	317,852,898	$	17,558,762	$	—

⁽¹⁾  For the year ended December 31, 2017, there were no transfers from Level 1 to Level 2, investments valued at $411,328 were transferred from Level 2 to Level 1 due to the discontinuation of fair valuation factor and there were no transfers in and 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.

106

Hartford High Yield HLS Fund

Schedule of Investments

December 31, 2017

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)(4)	$	—
			Total Asset & Commercial Mortgage Backed Securities (cost $2,478,958)	$	—
CORPORATE BONDS - 91.3%
			Aerospace/Defense - 0.4%
			DAE Funding LLC
		370,000	4.50%, 08/01/2022(2)	$	363,525
		760,000	5.00%, 08/01/2024(2)		750,500
					1,114,025
			Biotechnology - 0.1%
		370,000	Sterigenics-Nordion Topco LLC (cash) 8.13%, 11/01/2021(2)(5)		373,700
			Chemicals - 1.5%
			Chemours Co.
		1,875,000	6.63%, 05/15/2023		1,982,812
		305,000	7.00%, 05/15/2025		330,925
		2,160,000	Platform Specialty Products Corp. 6.50%, 02/01/2022(2)		2,232,900
					4,546,637
			Coal - 1.5%
		795,000	Cloud Peak Energy Resources LLC / Cloud Peak Energy Finance Corp. 12.00%, 11/01/2021		856,613
		2,515,000	Foresight Energy LLC / Foresight Energy Finance Corp. 11.50%, 04/01/2023(2)		2,056,012
		1,535,000	Warrior Met Coal, Inc. 8.00%, 11/01/2024(2)		1,584,888
					4,497,513
			Commercial Banks - 5.0%
			Banco Bilbao Vizcaya Argentaria S.A.
		1,800,000	5 year USD Swap + 3.870%, 6.13%, 11/16/2027(6)(7)		1,856,250
	EUR	800,000	5 year EUR Swap + 6.155%, 7.00%, 02/19/2019(6)(7)(8)		1,008,678
		400,000	5 year EUR Swap + 9.177%, 8.88%, 04/14/2021(6)(7)(8)		568,729
		1,400,000	Banco de Sabadell S.A. 5 year EUR Swap + 6.414%, 6.50%, 05/18/2022(6)(7)(8)		1,759,881
	$	800,000	Barclays plc 5 year USD Swap + 6.772%, 7.88%, 03/15/2022(6)(7)(8)		877,000
			BNP Paribas S.A.
		260,000	5 year USD Swap + 2.838%, 5.13%, 11/15/2027(2)(6)(7)		260,000
		1,080,000	5 year USD Swap + 6.314%, 7.63%, 03/30/2021(2)(6)(7)		1,188,000
		101,000	CIT Group, Inc. 5.38%, 05/15/2020		106,681
		690,000	Credit Agricole S.A. 5 year USD Swap + 4.898%, 7.88%, 01/23/2024(2)(6)(7)		780,563

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 91.3% - (continued)
			Commercial Banks - 5.0% - (continued)
	$	1,180,000	Credit Suisse Group AG 5 year USD Swap + 3.455%, 6.25%, 12/18/2024(6)(7)(8)	$	1,278,825
		790,000	Freedom Mortgage Corp. 8.13%, 11/15/2024(2)		804,812
		730,000	Intesa Sanpaolo S.p.A. 5 year USD Swap + 5.462%, 7.70%, 09/17/2025(2)(6)(7)		790,225
			Royal Bank of Scotland Group plc
		1,300,000	3 mo. USD LIBOR + 2.320%, 4.02%, 09/30/2027(6)(7)		1,290,250
		385,000	5 year USD Swap + 7.598%, 8.63%, 08/15/2021(6)(7)		433,606
		640,000	Societe Generale S.A. 5 year USD Swap + 6.394%, 8.25%, 11/29/2018(6)(7)(8)		669,600
		1,200,000	UniCredit S.p.A. 5 year USD Swap + 5.180%, 8.00%, 06/03/2024(6)(7)(8)		1,313,275
					14,986,375
			Commercial Services - 6.0%
		420,000	ACE Cash Express, Inc. 12.00%, 12/15/2022(2)		434,700
			APX Group, Inc.
		1,180,000	7.63%, 09/01/2023		1,241,950
		2,050,000	7.88%, 12/01/2022		2,196,062
			Avis Budget Car Rental LLC / Avis Budget Finance, Inc.
		1,875,000	5.25%, 03/15/2025(2)		1,856,250
		985,000	5.50%, 04/01/2023		1,009,625
		2,544,000	Brand Industrial Services, Inc. 8.50%, 07/15/2025(2)		2,671,200
		2,410,000	GW Honos Security Corp. 8.75%, 05/15/2025(2)		2,590,750
			Herc Rentals, Inc.
		760,000	7.50%, 06/01/2022(2)		818,900
		1,353,000	7.75%, 06/01/2024(2)		1,484,918
		2,105,000	Hertz Corp. 5.50%, 10/15/2024(2)		1,899,762
		385,000	Service Corp. International 4.63%, 12/15/2027		390,629
			United Rentals North America, Inc.
		440,000	4.63%, 10/15/2025		443,300
		875,000	5.88%, 09/15/2026		936,250
					17,974,296
			Construction Materials - 2.0%
		2,380,000	Cemex Finance LLC 6.00%, 04/01/2024(2)		2,504,950
			Jeld-Wen, Inc.
		90,000	4.63%, 12/15/2025(2)		90,675
		140,000	4.88%, 12/15/2027(2)		141,400
		1,650,000	Ply Gem Industries, Inc. 6.50%, 02/01/2022		1,703,625
		1,605,000	Standard Industries, Inc. 5.38%, 11/15/2024(2)		1,677,706
					6,118,356
			Diversified Financial Services - 5.4%
		665,000	FBM Finance, Inc. 8.25%, 08/15/2021(2)		706,562

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

107

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 91.3% - (continued)
			Diversified Financial Services - 5.4% - (continued)
	$	620,000	Fly Leasing Ltd. 5.25%, 10/15/2024	$	620,000
		1,370,000	goeasy Ltd. 7.88%, 11/01/2022(2)		1,429,937
		2,760,000	Nationstar Mortgage LLC / Nationstar Capital Corp. 6.50%, 07/01/2021		2,797,950
			Navient Corp.
		417,000	5.50%, 01/25/2023		415,958
		365,000	5.63%, 08/01/2033		318,463
		1,641,000	5.88%, 10/25/2024		1,628,692
		2,070,000	6.13%, 03/25/2024		2,095,875
		815,000	6.50%, 06/15/2022		855,342
		917,000	7.25%, 09/25/2023		976,605
		280,000	OneMain Financial Holdings LLC 6.75%, 12/15/2019(2)		289,296
			Springleaf Finance Corp.
		490,000	5.25%, 12/15/2019		504,088
		675,000	7.75%, 10/01/2021		742,500
		1,730,000	8.25%, 12/15/2020		1,903,000
		720,000	Tempo Acquisition LLC / Tempo Acquisition Finance Corp. 6.75%, 06/01/2025(2)		727,200
		285,000	Vantiv LLC / Vanity Issuer Corp. 4.38%, 11/15/2025(2)		288,614
					16,300,082
			Electric - 0.8%
		2,220,000	AES Corp. 5.13%, 09/01/2027		2,331,000
		415,000	Texas Competitive Electric Holdings Co. LLC 11.50%, 10/01/2020(1)(2)(3)(4)(9)		—
					2,331,000
			Electrical Components & Equipment - 0.3%
		910,000	General Cable Corp. 5.75%, 10/01/2022		942,988
			Entertainment - 3.6%
		1,150,000	CRC Escrow Issuer LLC 5.25%, 10/15/2025(2)		1,158,625
		1,350,000	Eldorado Resorts, Inc. 6.00%, 04/01/2025		1,410,750
		1,655,000	Jacobs Entertainment, Inc. 7.88%, 02/01/2024(2)		1,770,850
		1,880,000	Penn National Gaming, Inc. 5.63%, 01/15/2027(2)		1,950,500
		1,225,000	Pinnacle Entertainment, Inc. 5.63%, 05/01/2024		1,310,750
		835,000	Rivers Pittsburgh Borrower L.P. / Rivers Pittsburgh Finance Corp. 6.13%, 08/15/2021(2)		828,737
		195,000	Scientific Games International, Inc. 5.00%, 10/15/2025(2)		195,488
		1,150,000	6.63%, 05/15/2021		1,187,375
		770,000	10.00%, 12/01/2022		845,075
		325,000	WMG Acquisition Corp. 5.00%, 08/01/2023(2)		336,375
					10,994,525
			Environmental Control - 0.1%
		397,000	Tervita Escrow Corp. 7.63%, 12/01/2021(2)		397,993

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 91.3% - (continued)
			Food - 1.9%
	$	2,510,000	Post Holdings, Inc. 5.00%, 08/15/2026(2)	$	2,469,213
		640,000	5.63%, 01/15/2028(2)		643,392
		660,000	5.75%, 03/01/2027(2)		671,550
		2,045,000	TreeHouse Foods, Inc. 4.88%, 03/15/2022		2,068,006
					5,852,161
			Healthcare - Products - 1.0%
		2,895,000	Sterigenics-Nordion Holdings LLC 6.50%, 05/15/2023(2)		3,018,038
			Healthcare - Services - 3.2%
		370,000	Envision Healthcare Corp. 5.13%, 07/01/2022(2)		358,900
		940,000	5.63%, 07/15/2022		949,400
		1,835,000	HCA Healthcare, Inc. 6.25%, 02/15/2021		1,945,100
			HCA, Inc.
		1,340,000	5.25%, 06/15/2026		1,420,400
		1,085,000	5.38%, 02/01/2025		1,122,975
		1,599,000	7.50%, 11/15/2095		1,634,977
		350,000	MPH Acquisition Holdings LLC 7.13%, 06/01/2024(2)		372,750
		1,740,000	West Street Merger Sub, Inc. 6.38%, 09/01/2025(2)		1,744,350
					9,548,852
			Home Builders - 2.8%
		1,690,000	AV Homes, Inc. 6.63%, 05/15/2022		1,776,612
		370,000	Beazer Homes USA, Inc. 5.88%, 10/15/2027(2)		371,850
		525,000	6.75%, 03/15/2025		553,219
		1,120,000	8.75%, 03/15/2022		1,234,688
		1,880,000	KB Home 8.00%, 03/15/2020		2,058,600
	150,000		M/I Homes, Inc. 5.63%, 08/01/2025		152,238
		2,115,000	6.75%, 01/15/2021		2,189,025
					8,336,232
			Household Products - 0.5%
		2,400,000	Revlon Consumer Products Corp. 6.25%, 08/01/2024		1,464,000
			Household Products/Wares - 0.5%
	EUR	1,320,000	Diamond (BC) B.V. 5.63%, 08/15/2025(2)		1,588,236
			Housewares - 0.8%
	$	2,270,000	American Greetings Corp. 7.88%, 02/15/2025(2)		2,451,600
			Insurance - 1.5%
	110,000		Genworth Holdings, Inc. 4.80%, 02/15/2024		93,500
		770,000	4.90%, 08/15/2023		656,425
		440,000	7.20%, 02/15/2021		429,000
		245,000	7.63%, 09/24/2021		239,488
		145,000	7.70%, 06/15/2020		145,906
		415,000	MGIC Investment Corp. 5.75%, 08/15/2023		453,906
		710,000	Radian Group, Inc. 4.50%, 10/01/2024		727,395

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

108

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 91.3% - (continued)
			Insurance - 1.5% - (continued)
		1,910,000	USIS Merger Sub, Inc. 6.88%, 05/01/2025(2)	$	1,929,100
					4,674,720
			Internet - 1.7%
		2,105,000	Netflix, Inc. 5.88%, 02/15/2025		2,236,562
	2,145,000		Zayo Group LLC / Zayo Capital, Inc. 6.00%, 04/01/2023		2,234,125
		605,000	6.38%, 05/15/2025		639,788
					5,110,475
			Iron/Steel - 1.5%
		1,015,000	AK Steel Corp. 7.63%, 10/01/2021		1,053,062
		650,000	Signode Industrial Group U.S., Inc. 6.38%, 05/01/2022(2)		679,250
	230,000		Steel Dynamics, Inc. 4.13%, 09/15/2025(2)		231,725
		1,130,000	5.50%, 10/01/2024		1,200,625
		1,308,000	United States Steel Corp. 8.38%, 07/01/2021(2)		1,419,834
					4,584,496
			IT Services - 0.6%
		1,480,000	Conduent Finance, Inc. / Conduent Business Services LLC 10.50%, 12/15/2024(2)		1,728,344
			Lodging - 2.5%
		920,000	Boyd Gaming Corp. 6.38%, 04/01/2026		991,300
		1,935,000	FelCor Lodging L.P. 6.00%, 06/01/2025		2,041,425
		1,630,000	Jack Ohio Finance LLC / Jack Ohio Finance Corp. 6.75%, 11/15/2021(2)		1,715,575
		1,170,000	Station Casinos LLC 5.00%, 10/01/2025(2)		1,175,850
		1,585,000	Sugarhouse HSP Gaming Prop Mezz L.P. / Sugarhouse HSP Gaming Finance Corp. 5.88%, 05/15/2025(2)		1,505,750
					7,429,900
			Machinery-Construction & Mining - 0.6%
		1,605,000	BlueLine Rental Finance Corp. / BlueLine Rental LLC 9.25%, 03/15/2024(2)		1,713,338
			Machinery-Diversified - 0.7%
		1,935,000	Cloud Crane LLC 10.13%, 08/01/2024(2)		2,181,713
			Media - 7.5%
			CCO Holdings LLC / CCO Holdings Capital Corp.
	120,000		5.13%, 02/15/2023		122,700
		245,000	5.13%, 05/01/2023(2)		249,900
		95,000	5.25%, 09/30/2022		97,375
		545,000	5.75%, 09/01/2023		561,350
		105,000	5.75%, 01/15/2024		107,888
		1,355,000	5.75%, 02/15/2026(2)		1,407,506
		1,775,000	Cequel Communications Holdings I LLC / Cequel Capital Corp. 5.13%, 12/15/2021(2)		1,779,438

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 91.3% - (continued)
			Media - 7.5% - (continued)
	$	1,195,000	CSC Holdings LLC 5.25%, 06/01/2024	$	1,177,075
		760,000	10.13%, 01/15/2023(2)		855,950
	2,170,000		DISH DBS Corp. 5.00%, 03/15/2023		2,050,650
		1,095,000	5.88%, 07/15/2022		1,100,475
		945,000	6.75%, 06/01/2021		992,250
		556,000	7.88%, 09/01/2019		594,920
	1,255,000		Gray Television, Inc. 5.13%, 10/15/2024(2)		1,251,863
		380,000	5.88%, 07/15/2026(2)		389,500
		1,175,000	Liberty Interactive LLC 8.25%, 02/01/2030		1,274,875
		2,370,000	SFR Group S.A. 7.38%, 05/01/2026(2)		2,432,212
	520,000		Sinclair Television Group, Inc. 5.13%, 02/15/2027(2)		515,450
		1,055,000	5.88%, 03/15/2026(2)		1,097,200
	1,515,000		TEGNA, Inc. 4.88%, 09/15/2021(2)		1,545,300
		1,528,000	5.13%, 10/15/2019		1,550,003
		1,565,000	Tribune Media Co. 5.88%, 07/15/2022		1,608,037
					22,761,917
			Metal Fabricate/Hardware - 0.7%
	605,000		Novelis Corp. 5.88%, 09/30/2026(2)		617,100
		1,115,000	6.25%, 08/15/2024(2)		1,167,963
		340,000	TriMas Corp. 4.88%, 10/15/2025(2)		341,275
					2,126,338
			Mining - 2.0%
		520,000	Constellium N.V. 5.88%, 02/15/2026(2)		529,750
			First Quantum Minerals Ltd.
	760,000		7.00%, 02/15/2021(2)		788,500
		615,000	7.50%, 04/01/2025(2)		667,275
		1,290,000	Kaiser Aluminum Corp. 5.88%, 05/15/2024		1,370,625
			New Gold, Inc.
	105,000		6.25%, 11/15/2022(2)		108,412
		870,000	6.38%, 05/15/2025(2)		922,200
		630,000	Northwest Acquisitions ULC / Dominion Finco, Inc. 7.13%, 11/01/2022(2)		650,475
		970,000	Teck Resources Ltd. 8.50%, 06/01/2024(2)		1,096,100
					6,133,337
			Miscellaneous Manufacturing - 0.6%
		1,785,000	Bombardier, Inc. 6.13%, 01/15/2023(2)		1,749,300
			Office/Business Equipment - 0.7%
	885,000		CDW LLC / CDW Finance Corp. 5.00%, 09/01/2023		914,869
		970,000	5.50%, 12/01/2024		1,054,875
					1,969,744

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

109

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 91.3% - (continued)
			Oil & Gas - 9.9%
	$	2,260,000	Blue Racer Midstream LLC / Blue Racer Finance Corp. 6.13%, 11/15/2022(2)	$	2,356,050
		2,370,000	California Resources Corp. 8.00%, 12/15/2022(2)		1,955,250
	475,000		Continental Resources, Inc. 3.80%, 06/01/2024		469,656
		265,000	4.50%, 04/15/2023		270,300
		2,015,000	4.90%, 06/01/2044		1,924,325
		1,005,000	5.00%, 09/15/2022		1,020,075
		2,100,000	Denbury Resources, Inc. 9.00%, 05/15/2021(2)		2,144,625
		1,430,000	Energen Corp. 4.63%, 09/01/2021		1,447,875
		1,540,000	Ensco plc 5.75%, 10/01/2044		1,054,900
	740,000		Laredo Petroleum, Inc. 5.63%, 01/15/2022		747,400
		415,000	6.25%, 03/15/2023		429,649
	220,000		MEG Energy Corp. 6.38%, 01/30/2023(2)		187,000
		1,090,000	6.50%, 01/15/2025(2)		1,076,375
		910,000	7.00%, 03/31/2024(2)		767,812
		1,220,000	Noble Holding International Ltd. 7.75%, 01/15/2024		1,049,200
	1,895,000		QEP Resources, Inc. 5.25%, 05/01/2023		1,917,475
		205,000	5.38%, 10/01/2022		209,613
		280,000	5.63%, 03/01/2026		283,850
		245,000	6.80%, 03/01/2020		257,863
		870,000	Rowan Cos., Inc. 5.85%, 01/15/2044		678,600
		1,680,000	SM Energy Co. 5.00%, 01/15/2024		1,620,150
		240,000	6.13%, 11/15/2022		244,500
		115,000	6.50%, 11/15/2021		116,438
	365,000		Transocean, Inc. 6.80%, 03/15/2038		292,913
		110,000	7.50%, 04/15/2031		97,350
		435,000	9.35%, 12/15/2041		420,862
	690,000		Tullow Oil plc 6.00%, 11/01/2020(2)		696,072
		1,230,000	6.25%, 04/15/2022(2)		1,234,674
		1,875,000	Vine Oil & Gas L.P. / Vine Oil & Gas Finance Corp. 8.75%, 04/15/2023(2)		1,818,750
	1,170,000		WPX Energy, Inc. 5.25%, 09/15/2024		1,165,963
		1,420,000	6.00%, 01/15/2022		1,483,900
		295,000	8.25%, 08/01/2023		334,825
					29,774,290
			Oil & Gas Services - 0.3%
		250,000	Weatherford International Ltd. 5.95%, 04/15/2042		195,000
		660,000	6.50%, 08/01/2036		542,850
		250,000	7.00%, 03/15/2038		210,000
					947,850
			Packaging & Containers - 4.7%
		1,700,000	ARD Finance S.A. (cash) 7.13%, 09/15/2023(5)		1,776,500

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 91.3% - (continued)
			Packaging & Containers - 4.7% - (continued)
			Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.
	$	2,065,000	6.00%, 06/30/2021(2)	$	2,119,206
		340,000	6.00%, 02/15/2025(2)		357,850
		305,000	7.25%, 05/15/2024(2)		332,069
		2,060,000	Berry Global, Inc. 6.00%, 10/15/2022		2,157,850
		1,875,000	Flex Acquisition Co., Inc. 6.88%, 01/15/2025(2)		1,941,750
		1,410,000	Multi-Color Corp. 4.88%, 11/01/2025(2)		1,415,287
		535,000	OI European Group B.V. 4.00%, 03/15/2023(2)		535,722
		445,000	Plastipak Holdings, Inc. 6.25%, 10/15/2025(2)		455,013
	2,070,000		Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 5.13%, 07/15/2023(2)		2,142,450
		805,000	7.00%, 07/15/2024(2)		861,350
					14,095,047
			Pharmaceuticals - 4.0%
		280,000	Catalent Pharma Solutions, Inc. 4.88%, 01/15/2026(2)		281,050
	736,000		Endo Finance LLC 6.00%, 07/15/2023(2)		577,760
		3,075,000	6.00%, 02/01/2025(2)		2,383,125
		910,000	Teva Pharmaceutical Finance IV LLC 2.25%, 03/18/2020		880,006
		1,320,000	Valeant Pharmaceuticals International, Inc. 5.50%, 03/01/2023(2)		1,207,800
		5,830,000	5.88%, 05/15/2023(2)		5,407,325
		1,230,000	6.13%, 04/15/2025(2)		1,125,450
		240,000	7.00%, 03/15/2024(2)		256,800
					12,119,316
			Pipelines - 0.7%
	230,000		Energy Transfer Equity L.P. 4.25%, 03/15/2023		228,275
		1,773,000	7.50%, 10/15/2020		1,950,300
					2,178,575
			REITS - 0.3%
		760,000	Equinix, Inc. 5.88%, 01/15/2026		816,050
			Retail - 4.0%
		3,670,000	1011778 BC ULC / New Red Finance, Inc. 5.00%, 10/15/2025(2)		3,697,525
		895,000	Beacon Escrow Corp. 4.88%, 11/01/2025(2)		898,356
		1,945,000	CEC Entertainment, Inc. 8.00%, 02/15/2022		1,828,300
		1,440,000	Party City Holdings, Inc. 6.13%, 08/15/2023(2)		1,486,800
		1,200,000	Staples, Inc. 8.50%, 09/15/2025(2)		1,110,000
		2,890,000	United Rentals North America, Inc. 4.88%, 01/15/2028		2,904,450
					11,925,431

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

110

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 91.3% - (continued)
			Semiconductors - 1.6%
	$	480,000	Entegris, Inc. 4.63%, 02/10/2026(2)	$	487,200
		1,865,000	Micron Technology, Inc. 5.50%, 02/01/2025		1,951,256
	1,221,000		Sensata Technologies B.V. 5.00%, 10/01/2025(2)		1,291,208
		900,000	5.63%, 11/01/2024(2)		988,875
					4,718,539
			Software - 3.8%
		1,060,000	Camelot Finance S.A. 7.88%, 10/15/2024(2)		1,131,550
		980,000	Change Healthcare Holdings LLC / Change Healthcare Finance, Inc. 5.75%, 03/01/2025(2)		980,000
	1,425,000		First Data Corp. 5.38%, 08/15/2023(2)		1,483,282
		2,391,000	5.75%, 01/15/2024(2)		2,474,685
		1,580,000	7.00%, 12/01/2023(2)		1,670,850
		684,000	Infor Software Parent LLC (cash) 7.13%, 05/01/2021(2)(5)		699,390
		2,075,000	Infor U.S., Inc. 6.50%, 05/15/2022		2,147,625
		780,000	Workday, Inc. 0.25%, 10/01/2022(2)		771,225
					11,358,607
			Telecommunications - 3.6%
	380,000		Altice Financing S.A. 6.63%, 02/15/2023(2)		397,898
		2,270,000	7.50%, 05/15/2026(2)		2,417,550
	175,000		Nokia Oyj 3.38%, 06/12/2022		173,915
		180,000	4.38%, 06/12/2027		177,930
		800,000	Sprint Capital Corp. 6.88%, 11/15/2028		805,000
	416,000		Sprint Corp. 7.13%, 06/15/2024		423,280
		2,495,000	7.25%, 09/15/2021		2,641,581
		85,000	7.63%, 02/15/2025		89,038
		3,479,000	7.88%, 09/15/2023		3,705,135
					10,831,327
			Transportation - 0.4%
		1,290,000	Hertz Corp. 7.63%, 06/01/2022(2)		1,351,275
			Total Corporate Bonds (cost $266,912,695)	$	275,116,538
SENIOR FLOATING RATE INTERESTS - 1.8%(10)
			Healthcare-Products - 0.4%
		1,152,813	INC Research LLC 1 mo. USD LIBOR + 2.250%, 3.82%, 08/01/2024	$	1,153,539
			Household Products - 0.2%
		480,000	Diamond (BC) B.V. 2 mo. USD LIBOR + 3.000%, 4.42%, 09/06/2024		480,288

Shares or Principal Amount				Market Value†
SENIOR FLOATING RATE INTERESTS - 1.8%(10) - (continued)
			Internet - 0.4%
	$	1,260,000	Lands’ End, Inc. 1 mo. USD LIBOR + 3.250%, 4.82%, 04/04/2021	$	1,119,435
			Leisure Time - 0.6%
		1,970,000	Golden Entertainment, Inc. 1 mo. USD LIBOR + 3.000%, 4.51%, 10/21/2024		1,971,635
			Machinery-Diversified - 0.2%
		680,526	Gardner Denver, Inc. 3 mo. USD LIBOR + 2.750%, 4.44%, 07/30/2024		682,411
			Total Senior Floating Rate Interests (cost $5,522,846)	$	5,407,308
CONVERTIBLE BONDS - 1.6%
			Commercial Services - 0.2%
		690,000	Cardtronics, Inc. 1.00%, 12/01/2020	$	611,944
			Media - 0.5%
		1,110,000	DISH Network Corp. 3.38%, 08/15/2026		1,207,819
		400,000	Liberty Media Corp-Liberty Formula One 1.00%, 01/30/2023(2)		446,500
					1,654,319
			Oil & Gas - 0.2%
		1,790,000	Cobalt International Energy, Inc. 2.63%, 12/01/2019		470,994
			Semiconductors - 0.4%
	565,000		Microchip Technology, Inc. 1.63%, 02/15/2027(2)		662,109
		589,000	2.25%, 02/15/2037(2)		692,075
					1,354,184
			Software - 0.3%
		726,000	ServiceNow, Inc. 0.00%, 06/01/2022(2)(11)		830,816
			Total Convertible Bonds (cost $6,216,950)	$	4,922,257
COMMON STOCKS - 0.7%
			Banks - 0.2%
		49,207	MGIC Investment Corp.*	$	694,311
			Energy - 0.5%
		206,275,142	KCA Deutag*(1)(2)(3)(9)		1,309,228
		82,554	Vistra Energy Corp.		74,299
					1,383,527
			Utilities - 0.0%
		4,525,000	TCEH Corp.*(1)(3)(9)		4
			Total Common Stocks (cost $3,195,090)	$	2,077,842

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

111

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
PREFERRED STOCKS - 0.1%
			Diversified Financials - 0.1%
	$	16,525	GMAC Capital Trust Series 2 3 mo. USD LIBOR + 5.785%, 7.20%(7)	$	428,824
			Total Preferred Stocks (cost $433,019)	$	428,824
			Total Long-Term Investments (cost $284,759,558)	$	287,952,769
SHORT-TERM INVESTMENTS - 2.4%
			Other Investment Pools & Funds - 2.4%
		7,135,513	Fidelity Institutional Government Fund, Institutional Class, 1.16%(12)	$	7,135,513
			Total Short-Term Investments (cost $7,135,513)	$	7,135,513

Total Investments (cost $291,895,071)	97.9	%	$	295,088,282
Other Assets and Liabilities	2.1	%		6,401,588
Total Net Assets	100.0	%	$	301,489,870

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

112

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group 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.

* Non-income producing.

⁽¹⁾  Investment valued using significant unobservable inputs.

⁽²⁾  Securities issued within terms of a private placement memorandum and exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2017, the aggregate value of these securities was $146,484,552, which represented 48.6% 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, 2017, the aggregate fair value of these securities was $1,309,232, which represented 0.4% 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⁾  Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal.

⁽⁵⁾  Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed.

⁽⁶⁾  Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

⁽⁷⁾  Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2017.

⁽⁸⁾  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, 2017, the aggregate value of these securities was $7,475,988, which represented 2.5% of total net assets.

⁽⁹⁾  This security has been identified as 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. The identification of illiquid securities is unaudited. At December 31, 2017, the aggregate value of these securities was $1,309,232, which represents 0.4% of total net assets.

⁽¹⁰⁾  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 rate in effect as of December 31, 2017.

⁽¹¹⁾  Security is a zero-coupon bond.

⁽¹²⁾  Current yield as of period end.

Foreign Currency Contracts Outstanding at December 31, 2017
Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Counterparty	Settlement Date	Appreciation		Depreciation
	2,461,448	USD		2,069,000	EUR	CBK	01/31/18	$	—	$	(25,758	)
	2,453,623	USD		2,070,000	EUR	BOA	01/31/18		—		(34,785	)
	Total							$	—	$	(60,543	)

^†  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.

113

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2017

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
BOA	Banc of America Securities LLC
CBK	Citibank NA
Currency Abbreviations:
EUR	Euro
USD	United States Dollar
Other Abbreviations:
LIBOR	London Interbank Offered Rate

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

114

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total			Level 1(1)		Level 2(1)			Level 3(1)
Assets
Asset & Commercial Mortgage Backed Securities	$	—		$	—	$	—		$	0
Corporate Bonds		275,116,538			—		275,116,538			—
Senior Floating Rate Interests		5,407,308			—		5,407,308			—
Convertible Bonds		4,922,257			—		4,922,257			—
Common Stocks
Banks		694,311			694,311		—			—
Energy		1,383,527			—		74,299			1,309,228
Utilities		4			—		—			4
Preferred Stocks		428,824			428,824		—			—
Short-Term Investments		7,135,513			7,135,513		—			—
Total	$	295,088,282		$	8,258,648	$	285,520,402		$	1,309,232
Liabilities
Foreign Currency Contracts(2)	$	(60,543	)	$	—	$	(60,543	)	$	—
Total	$	(60,543	)	$	—	$	(60,543	)	$	—

⁽¹⁾  For the year ended December 31, 2017, there were no transfers between any levels.

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

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended December 31, 2017 is not presented.

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

115

Hartford International Opportunities HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.3%
		Argentina - 0.3%
	198,996	YPF S.A. ADR	$	4,558,998
		Australia - 0.4%
	525,689	Treasury Wine Estates Ltd.		6,523,254
		Brazil - 0.8%
	1,006,390	Itau Unibanco Holding S.A. ADR		13,083,070
		Canada - 8.0%
	407,575	Canadian National Railway Co.		33,607,915
	452,563	Canadian Natural Resources Ltd.		16,172,737
	1,286,824	Encana Corp.		17,167,891
	354,784	Magna International, Inc.		20,107,249
	1,122,639	Manulife Financial Corp.		23,417,338
	306,807	TransCanada Corp.		14,932,738
				125,405,868
		China - 12.4%
	226,000	AAC Technologies Holdings, Inc.		3,999,849
	187,071	Alibaba Group Holding Ltd. ADR*		32,256,653
	11,607,000	China Construction Bank Corp. Class H		10,684,850
	3,601,500	China Merchants Bank Co., Ltd. Class H		14,258,564
	287,621	Ctrip.com International Ltd. ADR*		12,684,086
	1,223,000	ENN Energy Holdings Ltd.		8,698,539
	241,148	JD.com, Inc. ADR*		9,988,350
	32,453	NetEase, Inc. ADR		11,198,557
	260,810	New Oriental Education & Technology Group, Inc. ADR		24,516,140
	2,187,000	Ping An Insurance Group Co. of China Ltd. Class H		22,683,715
	249,000	Sunny Optical Technology Group Co., Ltd.		3,161,615
	631,980	Tencent Holdings Ltd.		32,709,966
	89,630	Weibo Corp. ADR*		9,273,120
				196,114,004
		France - 13.8%
	315,826	Airbus SE		31,388,911
	1,051,069	AXA S.A.		31,146,559
	227,088	BNP Paribas S.A.		16,892,752
	80,017	Capgemini SE		9,477,356
	314,825	Cie de Saint-Gobain		17,326,779
	163,162	Cie Generale des Etablissements Michelin		23,341,160
	45,505	Essilor International Cie Generale d’Optique S.A.		6,267,925
	2,111,600	Natixis S.A.		16,678,480
	223,854	Safran S.A.		23,089,541
	164,320	Schneider Electric SE*		13,931,124
	31,027	Unibail-Rodamco SE REIT		7,807,995
	278,517	Valeo S.A.		20,746,946
				218,095,528
		Germany - 4.6%
	41,182	Beiersdorf AG		4,827,890
	97,747	Continental AG		26,282,196
	788,684	Deutsche Bank AG		14,917,145
	241,349	Deutsche Wohnen SE		10,526,860
	335,108	Vonovia SE		16,603,677
				73,157,768
		Hong Kong - 2.0%
	1,002,000	Henderson Land Development Co., Ltd.		6,588,151
	248,856	Hong Kong Exchanges & Clearing Ltd.		7,612,074
	611,537	Melco Resorts & Entertainment Ltd. ADR		17,759,035
				31,959,260

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.3% - (continued)
		India - 3.1%
	200,560	HDFC Bank Ltd.	$	5,939,894
	4,754,544	ICICI Bank Ltd.		23,302,336
	1,370,524	Power Grid Corp. of India Ltd.		4,294,931
	3,255,327	State Bank of India		15,769,515
				49,306,676
		Italy - 3.6%
	203,459	Banca Generali S.p.A.		6,760,807
	49,800	Ferrari N.V.		5,218,056
	593,641	FinecoBank Banca Fineco S.p.A.		6,063,805
	187,155	Moncler S.p.A.		5,850,001
	1,486,931	Pirelli & C. S.p.A.*(1)		12,934,675
	1,075,342	UniCredit S.p.A.*		20,059,673
				56,887,017
		Japan - 17.1%
	112,500	Daikin Industries Ltd.		13,293,332
	32,460	Daito Trust Construction Co., Ltd.		6,613,112
	352,815	Daiwa House Industry Co., Ltd.		13,529,530
	9,230	FANUC Corp.		2,214,243
	690,370	ITOCHU Corp.		12,869,540
	399,400	Japan Tobacco, Inc.		12,861,916
	5,500	Keyence Corp.		3,072,472
	872,900	Kobe Steel Ltd.*		8,055,693
	518,500	Komatsu Ltd.		18,738,441
	880,000	Mitsubishi UFJ Financial Group, Inc.		6,404,605
	56,900	Murata Manufacturing Co., Ltd.		7,618,226
	272,500	Nexon Co., Ltd.*		7,902,572
	44,000	Nidec Corp.		6,160,750
	160,050	Nippon Telegraph & Telephone Corp.		7,524,602
	227,110	Omron Corp.		13,508,261
	408,174	Ono Pharmaceutical Co., Ltd.		9,494,825
	467,000	Seven & i Holdings Co., Ltd.		19,346,128
	385,700	SoftBank Group Corp.		30,536,089
	347,140	Sony Financial Holdings, Inc.		6,135,215
	714,930	Sumitomo Mitsui Financial Group, Inc.		30,816,695
	727,583	Tokio Marine Holdings, Inc.		33,092,681
				269,788,928
		Luxembourg - 0.5%
	247,724	ArcelorMittal*		8,036,969
		Mexico - 0.9%
	278,043	America Movil S.A.B. de C.V. Class L, ADR		4,768,437
	1,274,940	Grupo Aeroportuario del Centro Norte S.A.B. de C.V.		6,607,966
	491,860	Infraestructura Energetica Nova, S.A.B. de C.V.		2,406,456
				13,782,859
		Netherlands - 1.5%
	410,458	AerCap Holdings N.V.*		21,594,196
	823,897	DP Eurasia N.V.*(1)		2,391,628
				23,985,824
		Panama - 0.5%
	53,040	Copa Holdings S.A. Class A		7,110,542
		Russia - 1.4%
	176,700	Lukoil PJSC ADR		10,067,641
	198,306	Mail.Ru Group Ltd. GDR*		5,693,104
	383,000	Sberbank of Russia PJSC ADR		6,455,666
				22,216,411

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

116

Hartford International Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.3% - (continued)
		South Korea - 2.3%
	15,114	Samsung Electronics Co., Ltd.	$	35,909,509
		Spain - 2.6%
	1,547,365	Banco Santander S.A.		10,144,883
	4,021,018	Iberdrola S.A.		31,127,836
				41,272,719
		Switzerland - 9.7%
	180,861	ABB Ltd.		4,844,241
	148,601	Julius Baer Group Ltd.*		9,087,258
	514,100	Nestle S.A.		44,200,388
	465,329	Novartis AG		39,158,567
	58,312	Swiss Re AG		5,453,381
	2,302,563	UBS Group AG*		42,304,423
	27,511	Zurich Insurance Group AG		8,364,542
				153,412,800
		Taiwan - 3.4%
	4,492,625	Hon Hai Precision Industry Co., Ltd.		14,284,695
	5,202,995	Taiwan Semiconductor Manufacturing Co., Ltd.		39,839,707
				54,124,402
		United Kingdom - 10.4%
	359,002	AstraZeneca plc		24,773,162
	2,267,094	BAE Systems plc		17,516,316
	518,470	British American Tobacco plc		35,047,952
	655,925	Compass Group plc		14,143,193
	942,349	Fiat Chrysler Automobiles N.V.*		16,824,033
	6,128,180	Glencore plc*		32,074,663
	843,078	Just Eat plc*		8,867,689
	270,999	Unilever N.V.		15,258,036
				164,505,044
		Total Common Stocks (cost $1,356,727,465)	$	1,569,237,450
		Total Long-Term Investments (cost $1,356,727,465)	$	1,569,237,450
SHORT-TERM INVESTMENTS - 1.1%
		Other Investment Pools & Funds - 1.1%
	17,847,597	BlackRock Liquidity Funds TempFund Portfolio, Institutional Class, 1.17%(2)	$	17,847,597
		Total Short-Term Investments (cost $17,847,597)	$	17,847,597

Total Investments (cost $1,374,575,062)	100.4	%	$	1,587,085,047
Other Assets and Liabilities	(0.4	)%		(6,564,827	)
Total Net Assets	100.0	%	$	1,580,520,220

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

117

Hartford International Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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 will generally 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.

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.

* Non-income producing.

⁽¹⁾  Securities issued within terms of a private placement memorandum and exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2017, the aggregate value of these securities was $15,326,303, which represented 1.0% of total net assets.

⁽²⁾  Current yield as of period end.

^†  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.

118

Hartford International Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total		Level 1(1)		Level 2(1)		Level 3(1)
Assets
Common Stocks
Argentina	$	4,558,998	$	4,558,998	$	—	$	—
Australia		6,523,254		—		6,523,254		—
Brazil		13,083,070		13,083,070		—		—
Canada		125,405,868		125,405,868		—		—
China		196,114,004		99,916,906		96,197,098		—
France		218,095,528		—		218,095,528		—
Germany		73,157,768		—		73,157,768		—
Hong Kong		31,959,260		17,759,035		14,200,225		—
India		49,306,676		—		49,306,676		—
Italy		56,887,017		12,934,675		43,952,342		—
Japan		269,788,928		—		269,788,928		—
Luxembourg		8,036,969		—		8,036,969		—
Mexico		13,782,859		13,782,859		—		—
Netherlands		23,985,824		23,985,824		—		—
Panama		7,110,542		7,110,542		—		—
Russia		22,216,411		—		22,216,411		—
South Korea		35,909,509		—		35,909,509		—
Spain		41,272,719		—		41,272,719		—
Switzerland		153,412,800		—		153,412,800		—
Taiwan		54,124,402		—		54,124,402		—
United Kingdom		164,505,044		—		164,505,044		—
Short-Term Investments		17,847,597		17,847,597		—		—
Total	$	1,587,085,047	$	336,385,374	$	1,250,699,673	$	—

⁽¹⁾  For the year ended December 31, 2017, there were no transfers between any levels.

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

119

Hartford MidCap HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.8%
		Automobiles & Components - 1.0%
	452,378	Harley-Davidson, Inc.	$	23,016,993
		Banks - 5.5%
	91,777	Cullen/Frost Bankers, Inc.		8,686,693
	157,078	East West Bancorp, Inc.		9,555,055
	40,284	First Citizens BancShares, Inc. Class A		16,234,452
	282,257	First Republic Bank		24,454,746
	218,127	M&T Bank Corp.		37,297,536
	178,911	Prosperity Bancshares, Inc.		12,536,294
	144,516	South State Corp.		12,594,569
				121,359,345
		Capital Goods - 8.0%
	496,316	Allison Transmission Holdings, Inc.		21,376,330
	318,880	Fastenal Co.		17,439,547
	260,839	HEICO Corp. Class A		20,619,323
	327,093	IDEX Corp.		43,166,463
	207,742	Lennox International, Inc.		43,264,349
	115,723	Middleby Corp.*		15,616,819
	235,421	PACCAR, Inc.		16,733,725
				178,216,556
		Commercial & Professional Services - 8.3%
	132,464	Cintas Corp.		20,641,865
	205,410	Dun & Bradstreet Corp.		24,322,598
	128,140	Equifax, Inc.		15,110,269
	323,021	KAR Auction Services, Inc.		16,315,791
	454,676	Robert Half International, Inc.		25,252,705
	884,681	TransUnion*		48,622,068
	70,543	UniFirst Corp.		11,632,541
	306,489	Waste Connections, Inc.		21,742,329
				183,640,166
		Consumer Durables & Apparel - 2.3%
	12,139	NVR, Inc.*		42,586,283
	634,636	Under Armour, Inc. Class C*		8,453,351
				51,039,634
		Consumer Services - 1.2%
	330,114	Choice Hotels International, Inc.		25,616,846
		Diversified Financials - 4.5%
	68,485	Credit Acceptance Corp.*		22,153,528
	134,384	FactSet Research Systems, Inc.		25,903,860
	43,785	Moody’s Corp.		6,463,104
	168,127	MSCI, Inc.		21,274,790
	237,352	Northern Trust Corp.		23,709,091
				99,504,373
		Energy - 2.2%
	101,165	Diamondback Energy, Inc.*		12,772,081
	357,144	Newfield Exploration Co.*		11,260,750
	1,715,452	WPX Energy, Inc.*		24,136,410
				48,169,241
		Food & Staples Retailing - 0.7%
	180,345	PriceSmart, Inc.		15,527,705
		Health Care Equipment & Services - 4.3%
	167,913	Integra LifeSciences Holdings Corp.*		8,036,316
	274,331	STERIS plc		23,995,733
	108,033	Teleflex, Inc.		26,880,771
	206,936	Varian Medical Systems, Inc.*		23,000,936
	249,638	Veeva Systems, Inc. Class A*		13,799,989
				95,713,745

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.8% - (continued)
		Insurance - 5.9%
	32,700	Alleghany Corp.*	$	19,492,143
	36,986	Fairfax Financial Holdings Ltd.		19,694,677
	433,612	FNF Group		17,014,935
	38,443	Markel Corp.*		43,791,575
	17,230	White Mountains Insurance Group Ltd.		14,667,554
	214,559	WR Berkley Corp.		15,373,152
				130,034,036
		Materials - 3.1%
	563,556	Ball Corp.		21,330,594
	287,538	Packaging Corp. of America		34,662,706
	401,035	Silgan Holdings, Inc.		11,786,419
				67,779,719
		Pharmaceuticals, Biotechnology & Life Sciences - 12.4%
	298,542	Aerie Pharmaceuticals, Inc.*		17,837,885
	263,161	Agios Pharmaceuticals, Inc.*		15,044,914
	511,337	Alkermes plc*		27,985,474
	91,024	BeiGene Ltd. ADR*		8,894,865
	94,535	Bluebird Bio, Inc.*		16,836,684
	540,926	Ionis Pharmaceuticals, Inc.*		27,208,578
	928,943	Ironwood Pharmaceuticals, Inc.*		13,924,856
	40,856	Mettler-Toledo International, Inc.*		25,311,109
	315,821	Neurocrine Biosciences, Inc.*		24,504,551
	206,977	Sage Therapeutics, Inc.*		34,091,182
	151,741	Spark Therapeutics, Inc.*		7,802,522
	226,798	TESARO, Inc.*		18,794,750
	346,214	Ultragenyx Pharmaceutical, Inc.*		16,057,405
	106,943	Waters Corp.*		20,660,318
				274,955,093
		Real Estate - 0.2%
	152,876	Equity Commonwealth REIT*		4,664,247
		Retailing - 1.5%
	418,121	CarMax, Inc.*		26,814,100
	211,180	TripAdvisor, Inc.*		7,277,263
				34,091,363
		Semiconductors & Semiconductor Equipment - 2.1%
	258,419	MKS Instruments, Inc.		24,420,595
	247,445	Silicon Laboratories, Inc.*		21,849,394
				46,269,989
		Software & Services - 20.8%
	540,517	Akamai Technologies, Inc.*		35,155,226
	339,003	Black Knight, Inc.*		14,966,982
	259,326	Blackbaud, Inc.		24,503,714
	254,651	Blackhawk Network Holdings, Inc.*		9,078,308
	445,582	Cadence Design Systems, Inc.*		18,634,239
	70,683	Cimpress N.V.*		8,473,478
	92,691	CoStar Group, Inc.*		27,524,593
	1,553,132	Genpact Ltd.		49,296,410
	440,822	Global Payments, Inc.		44,187,997
	115,464	GrubHub, Inc.*		8,290,315
	294,654	Guidewire Software, Inc.*		21,881,006
	180,879	ServiceNow, Inc.*		23,584,813
	725,214	Teradata Corp.*		27,891,730
	402,233	Total System Services, Inc.		31,812,608
	396,653	VeriSign, Inc.*		45,392,969
	284,331	WEX, Inc.*		40,156,067
	265,335	Zillow Group, Inc. Class A*		10,809,748
	468,506	Zillow Group, Inc. Class C*		19,171,266
				460,811,469

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

120

Hartford MidCap HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.8% - (continued)
		Technology Hardware & Equipment - 8.5%
	554,123	CDW Corp.	$	38,506,007
	571,509	CommScope Holding Co., Inc.*		21,620,185
	793,882	Finisar Corp.*		16,155,499
	540,896	II-VI, Inc.*		25,395,067
	539,126	Keysight Technologies, Inc.*		22,427,642
	818,844	National Instruments Corp.		34,088,476
	719,577	Trimble, Inc.*		29,243,609
				187,436,485
		Transportation - 5.4%
	323,601	Alaska Air Group, Inc.		23,787,910
	55,689	AMERCO		21,045,430
	389,132	Genesee & Wyoming, Inc. Class A*		30,636,362
	1,199,233	JetBlue Airways Corp.*		26,790,865
	406,490	Spirit Airlines, Inc.*		18,231,077
				120,491,644
		Utilities - 1.9%
	139,233	Black Hills Corp.		8,369,295
	256,421	NiSource, Inc.		6,582,327
	579,446	UGI Corp.		27,204,990
				42,156,612
		Total Common Stocks (cost $1,616,089,446)	$	2,210,495,261
		Total Long-Term Investments (cost $1,616,089,446)	$	2,210,495,261
SHORT-TERM INVESTMENTS - 0.5%
		Other Investment Pools & Funds - 0.5%
	11,321,834	Fidelity Institutional Government Fund, Institutional Class, 1.16%(1)	$	11,321,834
		Total Short-Term Investments (cost $11,321,834)	$	11,321,834

Total Investments (cost $1,627,411,280)	100.3	%	$	2,221,817,095
Other Assets and Liabilities	(0.3	)%		(6,923,054	)
Total Net Assets	100.0	%	$	2,214,894,041

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

121

Hartford MidCap HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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 will generally 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.

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.

* Non-income producing.

⁽¹⁾  Current yield as of period end.

^†  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
MSCI	Morgan Stanley Capital International
REIT	Real Estate Investment Trust

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

122

Hartford MidCap HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total		Level 1(1)		Level 2(1)		Level 3(1)
Assets
Common Stocks
Automobiles & Components	$	23,016,993	$	23,016,993	$	—	$	—
Banks		121,359,345		121,359,345		—		—
Capital Goods		178,216,556		178,216,556		—		—
Commercial & Professional Services		183,640,166		183,640,166		—		—
Consumer Durables & Apparel		51,039,634		51,039,634		—		—
Consumer Services		25,616,846		25,616,846		—		—
Diversified Financials		99,504,373		99,504,373		—		—
Energy		48,169,241		48,169,241		—		—
Food & Staples Retailing		15,527,705		15,527,705		—		—
Health Care Equipment & Services		95,713,745		95,713,745		—		—
Insurance		130,034,036		130,034,036		—		—
Materials		67,779,719		67,779,719		—		—
Pharmaceuticals, Biotechnology & Life Sciences		274,955,093		274,955,093		—		—
Real Estate		4,664,247		4,664,247		—		—
Retailing		34,091,363		34,091,363		—		—
Semiconductors & Semiconductor Equipment		46,269,989		46,269,989		—		—
Software & Services		460,811,469		460,811,469		—		—
Technology Hardware & Equipment		187,436,485		187,436,485		—		—
Transportation		120,491,644		120,491,644		—		—
Utilities		42,156,612		42,156,612		—		—
Short-Term Investments		11,321,834		11,321,834		—		—
Total	$	2,221,817,095	$	2,221,817,095	$	—	$	—

⁽¹⁾  For the year ended December 31, 2017, there were no transfers between any levels.

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

123

Hartford MidCap Value HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.9%
		Automobiles & Components - 1.7%
	195,215	Goodyear Tire & Rubber Co.	$	6,307,397
		Banks - 12.6%
	86,404	Bank of the Ozarks, Inc.		4,186,274
	122,517	Comerica, Inc.		10,635,701
	235,055	FNB Corp.		3,248,460
	72,977	IBERIABANK Corp.		5,655,717
	93,061	MB Financial, Inc.		4,143,076
	48,385	Provident Financial Services, Inc.		1,304,943
	43,456	South State Corp.		3,787,190
	191,460	Sterling Bancorp		4,709,916
	75,656	Western Alliance Bancorp*		4,283,643
	104,666	Zions Bancorp		5,320,173
				47,275,093
		Capital Goods - 11.1%
	6,013	Generac Holdings, Inc.*		297,764
	59,132	Granite Construction, Inc.		3,750,743
	47,685	Harris Corp.		6,754,580
	42,826	Hubbell, Inc.		5,796,071
	45,845	JELD-WEN Holding, Inc.*		1,804,918
	262,067	Milacron Holdings Corp.*		5,015,962
	49,353	Moog, Inc. Class A*		4,286,308
	411,268	Sanwa Holdings Corp.		5,651,841
	80,965	Sensata Technologies Holding N.V.*		4,138,121
	58,434	WESCO International, Inc.*		3,982,277
				41,478,585
		Commercial & Professional Services - 2.6%
	137,183	Atento S.A.		1,392,408
	85,735	Clean Harbors, Inc.*		4,646,837
	31,432	Dun & Bradstreet Corp.		3,721,863
				9,761,108
		Consumer Durables & Apparel - 2.5%
	89,037	D.R. Horton, Inc.		4,547,120
	30,431	Lennar Corp. Class A		1,924,456
	63,768	Toll Brothers, Inc.		3,062,139
				9,533,715
		Consumer Services - 1.3%
	29,800	Dave & Buster’s Entertainment, Inc.*		1,644,066
	61,291	Norwegian Cruise Line Holdings Ltd.*		3,263,746
				4,907,812
		Energy - 7.4%
	92,261	Delek U.S. Holdings, Inc.		3,223,599
	98,184	Diamondback Energy, Inc.*		12,395,730
	47,744	Energen Corp.*		2,748,622
	222,097	Laredo Petroleum, Inc.*		2,356,449
	220,166	Newfield Exploration Co.*		6,941,834
				27,666,234
		Food & Staples Retailing - 0.1%
	8,100	US Foods Holding Corp.*		258,633
		Food, Beverage & Tobacco - 2.2%
	25,633	Ingredion, Inc.		3,583,493
	60,824	Post Holdings, Inc.*		4,819,086
				8,402,579
		Health Care Equipment & Services - 4.0%
	123,066	Acadia Healthcare Co., Inc.*		4,015,644
	219,394	Brookdale Senior Living, Inc.*		2,128,122

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.9% - (continued)
		Health Care Equipment & Services - 4.0% - (continued)
	96,698	Envision Healthcare Corp.*	$	3,341,883
	63,256	STERIS plc		5,533,002
				15,018,651
		Insurance - 10.4%
	26,486	Assurant, Inc.		2,670,848
	177,814	CNO Financial Group, Inc.		4,390,228
	32,357	Hanover Insurance Group, Inc.		3,497,145
	249,881	Jardine Lloyd Thompson Group plc		4,692,915
	427,451	Lancashire Holdings Ltd.		3,931,895
	51,364	Reinsurance Group of America, Inc.		8,009,188
	102,896	Unum Group		5,647,961
	176,066	XL Group Ltd.		6,190,480
				39,030,660
		Materials - 8.5%
	65,798	Alcoa Corp.*		3,544,538
	17,823	Bemis Co., Inc.		851,761
	64,635	Cabot Corp.		3,980,870
	62,206	Celanese Corp. Series A		6,661,019
	53,500	Commercial Metals Co.		1,140,620
	38,957	Crown Holdings, Inc.*		2,191,331
	39,743	Louisiana-Pacific Corp.*		1,043,651
	66,696	Reliance Steel & Aluminum Co.		5,721,850
	63,110	Westlake Chemical Corp.		6,723,108
				31,858,748
		Media - 0.4%
	108,300	TEGNA, Inc.		1,524,864
		Real Estate - 8.2%
	50,959	American Assets Trust, Inc. REIT		1,948,672
	141,000	Corporate Office Properties Trust REIT		4,117,200
	45,235	Equity LifeStyle Properties, Inc. REIT		4,026,820
	40,220	Extra Space Storage, Inc. REIT		3,517,239
	74,003	Forest City Realty Trust, Inc. Class A, REIT		1,783,472
	31,580	Life Storage, Inc. REIT		2,812,831
	44,335	PS Business Parks, Inc. REIT		5,545,865
	268,579	STORE Capital Corp. REIT		6,993,797
				30,745,896
		Retailing - 0.3%
	23,775	Camping World Holdings, Inc. Class A		1,063,456
		Semiconductors & Semiconductor Equipment - 5.4%
	64,067	Axcelis Technologies, Inc.*		1,838,723
	151,093	Microsemi Corp.*		7,803,953
	127,455	Silicon Motion Technology Corp. ADR		6,750,017
	93,210	Teradyne, Inc.		3,902,703
				20,295,396
		Software & Services - 3.5%
	127,506	Booz Allen Hamilton Holding Corp.		4,861,804
	81,964	SS&C Technologies Holdings, Inc.		3,317,902
	43,079	VeriSign, Inc.*		4,929,961
				13,109,667
		Technology Hardware & Equipment - 5.3%
	98,941	Acacia Communications, Inc.*		3,584,632
	115,941	Arrow Electronics, Inc.*		9,322,816
	42,459	CommScope Holding Co., Inc.*		1,606,224
	130,402	Keysight Technologies, Inc.*		5,424,723
				19,938,395

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

124

Hartford MidCap Value HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.9% - (continued)
		Telecommunication Services - 1.3%
	69,197	Millicom International Cellular S.A.	$	4,673,250
		Transportation - 5.2%
	73,571	Genesee & Wyoming, Inc. Class A*		5,792,245
	169,833	JetBlue Airways Corp.*		3,794,069
	184,110	Knight-Swift Transportation Holdings, Inc.		8,049,289
	68,682	Schneider National, Inc. Class B		1,961,558
				19,597,161
		Utilities - 4.9%
	149,402	Alliant Energy Corp.		6,366,019
	110,799	Great Plains Energy, Inc.		3,572,160
	176,064	UGI Corp.		8,266,205
				18,204,384
		Total Common Stocks (cost $284,725,768)	$	370,651,684
		Total Long-Term Investments (cost $284,725,768)	$	370,651,684
SHORT-TERM INVESTMENTS - 1.2%
		Other Investment Pools & Funds - 1.2%
	4,527,677	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 1.21%(1)	$	4,527,677
		Total Short-Term Investments (cost $4,527,677)	$	4,527,677

Total Investments (cost $289,253,445)	100.1	%	$	375,179,361
Other Assets and Liabilities	(0.1	)%		(341,891	)
Total Net Assets	100.0	%	$	374,837,470

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

125

Hartford MidCap Value HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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 will generally 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.

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.

* Non-income producing.

⁽¹⁾  Current yield as of period end.

^†  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.

126

Hartford MidCap Value HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total		Level 1(1)		Level 2(1)		Level 3(1)
Assets
Common Stocks
Automobiles & Components	$	6,307,397	$	6,307,397	$	—	$	—
Banks		47,275,093		47,275,093		—		—
Capital Goods		41,478,585		35,826,744		5,651,841		—
Commercial & Professional Services		9,761,108		9,761,108		—		—
Consumer Durables & Apparel		9,533,715		9,533,715		—		—
Consumer Services		4,907,812		4,907,812		—		—
Energy		27,666,234		27,666,234		—		—
Food & Staples Retailing		258,633		258,633		—		—
Food, Beverage & Tobacco		8,402,579		8,402,579		—		—
Health Care Equipment & Services		15,018,651		15,018,651		—		—
Insurance		39,030,660		35,098,765		3,931,895		—
Materials		31,858,748		31,858,748		—		—
Media		1,524,864		1,524,864		—		—
Real Estate		30,745,896		30,745,896		—		—
Retailing		1,063,456		1,063,456		—		—
Semiconductors & Semiconductor Equipment		20,295,396		20,295,396		—		—
Software & Services		13,109,667		13,109,667		—		—
Technology Hardware & Equipment		19,938,395		19,938,395		—		—
Telecommunication Services		4,673,250		4,673,250		—		—
Transportation		19,597,161		19,597,161		—		—
Utilities		18,204,384		18,204,384		—		—
Short-Term Investments		4,527,677		4,527,677		—		—
Total	$	375,179,361	$	365,595,625	$	9,583,736	$	—

⁽¹⁾  For the year ended December 31, 2017, there were no transfers from Level 1 to Level 2, investments valued at $2,645,160 were transferred from Level 2 to Level 1 due to the discontinuation of fair valuation factor and there were no transfers in and 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.

127

Hartford Small Cap Growth HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.0%
		Automobiles & Components - 1.9%
	162,522	Cooper Tire & Rubber Co.	$	5,745,153
	8,983	Cooper-Standard Holdings, Inc.*		1,100,417
	12,465	Fox Factory Holding Corp.*		484,265
	184,541	Tenneco, Inc.		10,803,030
	57,711	Visteon Corp.*		7,221,955
				25,354,820
		Banks - 3.5%
	41,441	Essent Group Ltd.*		1,799,368
	103,499	FCB Financial Holdings, Inc. Class A*		5,257,749
	146,557	First Busey Corp.		4,387,917
	145,266	First Hawaiian, Inc.		4,238,862
	123,845	Great Western Bancorp, Inc.		4,929,031
	97,754	IBERIABANK Corp.		7,575,935
	3,972	LendingTree, Inc.*		1,352,267
	496,226	MGIC Investment Corp.*		7,001,749
	83,044	NMI Holdings, Inc. Class A*		1,411,748
	317,652	Sterling Bancorp		7,814,239
	18,827	Walker & Dunlop, Inc.*		894,283
				46,663,148
		Capital Goods - 9.9%
	216,694	AAON, Inc.		7,952,670
	206,888	Altra Industrial Motion Corp.		10,427,155
	71,490	American Woodmark Corp.*		9,311,572
	11,085	Applied Industrial Technologies, Inc.		754,889
	16,048	Argan, Inc.		722,160
	136,966	Armstrong World Industries, Inc.*		8,293,291
	126,624	AZZ, Inc.		6,470,486
	7,659	Barnes Group, Inc.		484,585
	26,135	Beacon Roofing Supply, Inc.*		1,666,368
	31,518	Caesarstone Ltd.*		693,396
	59,288	Continental Building Products, Inc.*		1,668,957
	16,276	EMCOR Group, Inc.		1,330,563
	5,188	Encore Wire Corp.		252,396
	238,005	Generac Holdings, Inc.*		11,786,008
	33,900	Global Brass & Copper Holdings, Inc.		1,122,090
	69,010	HEICO Corp. Class A		5,455,240
	18,825	Hillenbrand, Inc.		841,478
	11,940	Hyster-Yale Materials Handling, Inc.		1,016,810
	176,527	ITT, Inc.		9,421,246
	272,626	JELD-WEN Holding, Inc.*		10,733,286
	62,963	KBR, Inc.		1,248,556
	108,116	Meritor, Inc.*		2,536,401
	265,793	Milacron Holdings Corp.*		5,087,278
	12,180	Navistar International Corp.*		522,278
	5,952	Proto Labs, Inc.*		613,056
	270,262	Rexnord Corp.*		7,032,217
	68,681	SiteOne Landscape Supply, Inc.*		5,267,833
	65,137	Teledyne Technologies, Inc.*		11,799,568
	22,281	Trex Co., Inc.*		2,415,038
	45,595	Wabash National Corp.		989,412
	186,924	Welbilt, Inc.*		4,394,583
				132,310,866
		Commercial & Professional Services - 5.3%
	192,553	Advanced Disposal Services, Inc.*		4,609,719
	117,301	Brink’s Co.		9,231,589
	146,987	Deluxe Corp.		11,294,481
	117,128	Exponent, Inc.		8,327,801
	74,481	Herman Miller, Inc.		2,982,964

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.0% - (continued)
		Commercial & Professional Services - 5.3% - (continued)
	106,120	Huron Consulting Group, Inc.*	$	4,292,554
	8,410	Insperity, Inc.		482,313
	13,349	MSA Safety, Inc.		1,034,814
	161,168	On Assignment, Inc.*		10,358,267
	55,916	Quad/Graphics, Inc.		1,263,702
	85,058	RPX Corp.		1,143,180
	51,245	Steelcase, Inc. Class A		778,924
	61,243	TriNet Group, Inc.*		2,715,515
	20,250	TrueBlue, Inc.*		556,875
	116,911	Viad Corp.		6,476,869
	81,167	WageWorks, Inc.*		5,032,354
				70,581,921
		Consumer Durables & Apparel - 5.0%
	102,845	Carter’s, Inc.		12,083,259
	14,213	Deckers Outdoor Corp.*		1,140,593
	8,506	iRobot Corp.*		652,410
	32,252	KB Home		1,030,451
	30,046	La-Z-Boy, Inc.		937,435
	49,209	MDC Holdings, Inc.		1,568,787
	26,497	Movado Group, Inc.		853,203
	109,625	Oxford Industries, Inc.		8,242,704
	292,041	Steven Madden Ltd.*		13,638,315
	3,875	Sturm Ruger & Co., Inc.		216,419
	172,332	TopBuild Corp.*		13,052,426
	403,275	Wolverine World Wide, Inc.		12,856,407
	26,036	ZAGG, Inc.*		480,364
				66,752,773
		Consumer Services - 4.2%
	19,500	American Public Education, Inc.*		488,475
	36,181	Bloomin’ Brands, Inc.		772,103
	69,079	Caesars Entertainment Corp.*		873,849
	8,355	Dave & Buster’s Entertainment, Inc.*		460,945
	4,066	Domino’s Pizza, Inc.		768,311
	169,291	Dunkin’ Brands Group, Inc.		10,914,191
	30,572	Grand Canyon Education, Inc.*		2,737,111
	274,526	La Quinta Holdings, Inc.*		5,067,750
	75,656	Marriott Vacations Worldwide Corp.		10,229,448
	114,916	Papa John’s International, Inc.		6,447,937
	33,445	Penn National Gaming, Inc.*		1,047,832
	36,795	Scientific Games Corp. Class A*		1,887,584
	20,669	Sotheby’s*		1,066,520
	5,473	Strayer Education, Inc.		490,271
	36,828	Texas Roadhouse, Inc.		1,940,099
	18,277	Weight Watchers International, Inc.*		809,306
	248,332	Wingstop, Inc.		9,679,981
				55,681,713
		Diversified Financials - 1.4%
	14,103	Artisan Partners Asset Management, Inc. Class A		557,069
	120,665	Evercore, Inc. Class A		10,859,850
	38,938	Green Dot Corp. Class A*		2,346,404
	28,613	Moelis & Co. Class A		1,387,730
	112,565	OneMain Holdings, Inc.*		2,925,564
	41,229	WisdomTree Investments, Inc.		517,424
				18,594,041
		Energy - 1.5%
	40,584	CVR Energy, Inc.		1,511,348
	109,934	PDC Energy, Inc.*		5,665,998

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

128

Hartford Small Cap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.0% - (continued)
		Energy - 1.5% - (continued)
	288,400	ProPetro Holding Corp.*	$	5,814,144
	20,315	REX American Resources Corp.*		1,681,879
	283,900	WildHorse Resource Development Corp.*		5,226,599
				19,899,968
		Food & Staples Retailing - 1.5%
	58,770	Casey’s General Stores, Inc.		6,578,714
	147,814	Performance Food Group Co.*		4,892,643
	94,739	PriceSmart, Inc.		8,157,028
				19,628,385
		Food, Beverage & Tobacco - 1.5%
	11,307	Boston Beer Co., Inc. Class A*		2,160,768
	8,897	Fresh Del Monte Produce, Inc.		424,120
	474,431	Hostess Brands, Inc.*		7,026,323
	17,919	National Beverage Corp.		1,746,027
	76,760	Pilgrim’s Pride Corp.*		2,384,165
	64,990	Post Holdings, Inc.*		5,149,158
	10,255	Sanderson Farms, Inc.		1,423,189
				20,313,750
		Health Care Equipment & Services - 9.0%
	159,637	Anika Therapeutics, Inc.*		8,606,031
	243,352	AtriCure, Inc.*		4,438,740
	10,442	Atrion Corp.		6,584,725
	211,003	Cardiovascular Systems, Inc.*		4,998,661
	11,790	Chemed Corp.		2,865,206
	27,542	Encompass Health Corp.		1,360,850
	292,523	Globus Medical, Inc. Class A*		12,022,695
	18,614	Haemonetics Corp.*		1,081,101
	5,377	HealthEquity, Inc.*		250,891
	218,581	HMS Holdings Corp.*		3,704,948
	50,894	ICU Medical, Inc.*		10,993,104
	13,275	Inogen, Inc.*		1,580,787
	149,948	Integra LifeSciences Holdings Corp.*		7,176,511
	41,771	Lantheus Holdings, Inc.*		854,217
	9,383	LHC Group, Inc.*		574,709
	6,544	Magellan Health, Inc.*		631,823
	35,089	Masimo Corp.*		2,975,547
	85,761	Medidata Solutions, Inc.*		5,434,675
	13,053	Merit Medical Systems, Inc.*		563,890
	17,347	Molina Healthcare, Inc.*		1,330,168
	246,482	Natus Medical, Inc.*		9,415,612
	197,348	Omnicell, Inc.*		9,571,378
	241,488	OraSure Technologies, Inc.*		4,554,464
	143,014	Orthofix International N.V.*		7,822,866
	23,620	Quidel Corp.*		1,023,927
	11,528	Tivity Health, Inc.*		421,348
	44,969	Triple-S Management Corp. Class B*		1,117,480
	76,789	U.S. Physical Therapy, Inc.		5,544,166
	11,599	WellCare Health Plans, Inc.*		2,332,675
				119,833,195
		Household & Personal Products - 0.3%
	26,496	Medifast, Inc.		1,849,686
	26,859	Usana Health Sciences, Inc.*		1,988,909
				3,838,595
		Insurance - 0.9%
	53,100	American Equity Investment Life Holding Co.		1,631,763
	47,333	Greenlight Capital Re Ltd. Class A*		951,393
	9,059	Health Insurance Innovations, Inc. Class A*		226,022

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.0% - (continued)
		Insurance - 0.9% - (continued)
	152,465	James River Group Holdings Ltd.	$	6,100,125
	145,205	Maiden Holdings Ltd.		958,353
	4,637	Primerica, Inc.		470,888
	54,135	Universal Insurance Holdings, Inc.		1,480,592
				11,819,136
		Materials - 4.1%
	12,461	AdvanSix, Inc.*		524,234
	182,833	Boise Cascade Co.		7,295,037
	28,708	Chemours Co.		1,437,122
	24,550	Cleveland-Cliffs, Inc.*		177,006
	529,183	Graphic Packaging Holding Co.		8,175,877
	15,074	Ingevity Corp.*		1,062,265
	15,865	Koppers Holdings, Inc.*		807,529
	27,028	Kronos Worldwide, Inc.		696,512
	348,721	Louisiana-Pacific Corp.*		9,157,413
	504,758	OMNOVA Solutions, Inc.*		5,047,580
	261,917	PolyOne Corp.		11,393,389
	23,260	Stepan Co.		1,836,842
	218,076	Summit Materials, Inc. Class A*		6,856,307
				54,467,113
		Media - 0.1%
	17,486	MSG Networks, Inc. Class A*		354,092
	79,537	New York Times Co. Class A		1,471,434
				1,825,526
		Pharmaceuticals, Biotechnology & Life Sciences - 14.4%
	131,919	Abeona Therapeutics, Inc.*		2,090,916
	100,549	Aerie Pharmaceuticals, Inc.*		6,007,803
	48,779	Agios Pharmaceuticals, Inc.*		2,788,695
	75,487	Akebia Therapeutics, Inc.*		1,122,492
	515,895	Amicus Therapeutics, Inc.*		7,423,729
	342,340	Aratana Therapeutics, Inc.*		1,800,708
	125,400	Arena Pharmaceuticals, Inc.*		4,259,838
	76,658	Axovant Sciences Ltd.*		403,988
	30,132	BioSpecifics Technologies Corp.*		1,305,620
	47,457	Bluebird Bio, Inc.*		8,452,092
	122,641	Blueprint Medicines Corp.*		9,248,358
	254,125	Calithera Biosciences, Inc.*		2,121,944
	295,184	Catalent, Inc.*		12,126,159
	168,454	Coherus Biosciences, Inc.*		1,482,395
	100,537	Corcept Therapeutics, Inc.*		1,815,698
	341,648	Cytokinetics, Inc.*		2,784,431
	193,930	Dermira, Inc.*		5,393,193
	26,572	Dynavax Technologies Corp.*		496,896
	3,343	Eagle Pharmaceuticals, Inc.*		178,583
	19,670	Editas Medicine, Inc.*		604,459
	31,590	Emergent Biosolutions, Inc.*		1,467,987
	7,956	Esperion Therapeutics, Inc.*		523,823
	94,645	Exact Sciences Corp.*		4,972,648
	63,773	Exelixis, Inc.*		1,938,699
	22,670	FibroGen, Inc.*		1,074,558
	171,038	Five Prime Therapeutics, Inc.*		3,749,153
	108,425	Flexion Therapeutics, Inc.*		2,714,962
	149,904	GlycoMimetics, Inc.*		2,516,888
	41,972	Halozyme Therapeutics, Inc.*		850,353
	30,216	Ignyta, Inc.*		806,767
	153,360	ImmunoGen, Inc.*		983,038
	34,158	Immunomedics, Inc.*		551,993
	246,849	Impax Laboratories, Inc.*		4,110,036
	119,031	INC Research Holdings, Inc. Class A*		5,189,752

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

129

Hartford Small Cap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.0% - (continued)
		Pharmaceuticals, Biotechnology & Life Sciences - 14.4% - (continued)
	165,802	Innoviva, Inc.*	$	2,352,730
	283,029	Intersect ENT, Inc.*		9,170,140
	118,764	Ionis Pharmaceuticals, Inc.*		5,973,829
	97,529	Ironwood Pharmaceuticals, Inc.*		1,461,960
	98,984	Jounce Therapeutics, Inc.*		1,262,046
	41,202	Kala Pharmaceuticals, Inc.*		761,825
	77,784	Loxo Oncology, Inc.*		6,547,857
	50,544	Luminex Corp.		995,717
	159,247	Medicines Co.*		4,353,813
	147,340	MiMedx Group, Inc.*		1,857,957
	91,217	Momenta Pharmaceuticals, Inc.*		1,272,477
	24,192	MyoKardia, Inc.*		1,018,483
	260,410	NanoString Technologies, Inc.*		1,945,263
	14,647	Nektar Therapeutics*		874,719
	86,741	Neurocrine Biosciences, Inc.*		6,730,234
	254,788	Otonomy, Inc.*		1,414,073
	566,289	PDL BioPharma, Inc.*		1,551,632
	165,669	Portola Pharmaceuticals, Inc.*		8,064,767
	41,921	PRA Health Sciences, Inc.*		3,817,746
	12,095	Puma Biotechnology, Inc.*		1,195,591
	78,100	Revance Therapeutics, Inc.*		2,792,075
	476,133	Rigel Pharmaceuticals, Inc.*		1,847,396
	53,237	Sage Therapeutics, Inc.*		8,768,666
	48,514	Sangamo Therapeutics, Inc.*		795,630
	90,364	Spark Therapeutics, Inc.*		4,646,517
	27,936	Sucampo Pharmaceuticals, Inc. Class A*		501,451
	58,094	Supernus Pharmaceuticals, Inc.*		2,315,046
	110,852	Ultragenyx Pharmaceutical, Inc.*		5,141,316
				192,789,610
		Real Estate - 3.2%
	133,314	CareTrust, Inc. REIT		2,234,343
	41,503	Coresite Realty Corp. REIT		4,727,192
	156,540	Corporate Office Properties Trust REIT		4,570,968
	236,978	HFF, Inc. Class A, REIT		11,526,610
	219,994	LaSalle Hotel Properties REIT		6,175,231
	7,030	National Health Investors, Inc. REIT		529,921
	94,187	Physicians Realty Trust REIT		1,694,424
	46,924	Potlatch Corp. REIT		2,341,508
	94,810	RLJ Lodging Trust REIT		2,082,976
	419,061	Sunstone Hotel Investors, Inc. REIT		6,927,078
				42,810,251
		Retailing - 3.9%
	15,296	Big Lots, Inc.		858,870
	35,253	Buckle, Inc.		837,259
	47,895	Burlington Stores, Inc.*		5,892,522
	206,081	Caleres, Inc.		6,899,592
	21,873	Cato Corp. Class A		348,218
	15,263	Children’s Place, Inc.		2,218,477
	209,912	Core-Mark Holding Co., Inc.		6,629,021
	168,296	Five Below, Inc.*		11,161,391
	17,820	Floor & Decor Holdings, Inc. Class A*		867,478
	86,670	Groupon, Inc.*		442,017
	257,944	Michaels Cos., Inc.*		6,239,665
	22,300	National Vision Holdings, Inc.*		905,603
	2,692	Nutrisystem, Inc.		141,599
	28,671	PetMed Express, Inc.		1,304,531
	7,921	RH*		682,869
	31,259	Sleep Number Corp.*		1,175,026

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.0% - (continued)
		Retailing - 3.9% - (continued)
	23,499	Tailored Brands, Inc.	$	512,983
	62,603	Wayfair, Inc. Class A*		5,025,143
				52,142,264
		Semiconductors & Semiconductor Equipment - 4.6%
	40,564	Advanced Energy Industries, Inc.*		2,737,259
	152,268	Amkor Technology, Inc.*		1,530,294
	229,897	Axcelis Technologies, Inc.*		6,598,044
	13,092	Brooks Automation, Inc.		312,244
	10,577	Cabot Microelectronics Corp.		995,084
	34,307	Cirrus Logic, Inc.*		1,779,161
	193,455	Cohu, Inc.		4,246,337
	315,154	Entegris, Inc.		9,596,439
	28,279	FormFactor, Inc.*		442,566
	301,447	Integrated Device Technology, Inc.*		8,962,019
	103,449	Kulicke & Soffa Industries, Inc.*		2,517,432
	127,190	MACOM Technology Solutions Holdings, Inc.*		4,138,763
	208,138	MaxLinear, Inc.*		5,499,006
	128,962	MKS Instruments, Inc.		12,186,909
	5,856	Ultra Clean Holdings, Inc.*		135,215
				61,676,772
		Software & Services - 16.4%
	113,735	Aspen Technology, Inc.*		7,529,257
	61,716	Blackbaud, Inc.		5,831,545
	274,553	Blackhawk Network Holdings, Inc.*		9,787,814
	245,957	Blucora, Inc.*		5,435,650
	15,820	Bottomline Technologies de, Inc.*		548,638
	62,048	CACI International, Inc. Class A*		8,212,053
	380,284	Cloudera, Inc.*		6,282,292
	29,652	CommVault Systems, Inc.*		1,556,730
	26,354	CSG Systems International, Inc.		1,154,832
	140,343	EPAM Systems, Inc.*		15,077,048
	237,780	Etsy, Inc.*		4,862,601
	116,245	Everi Holdings, Inc.*		876,487
	36,665	Evertec, Inc.		500,477
	119,339	ExlService Holdings, Inc.*		7,202,109
	61,766	Fair Isaac Corp.		9,462,551
	256,576	Five9, Inc.*		6,383,611
	9,800	ForeScout Technologies, Inc.*		312,522
	158,072	GrubHub, Inc.*		11,349,570
	77,346	Guidewire Software, Inc.*		5,743,714
	53,853	Hortonworks, Inc.*		1,082,984
	112,089	HubSpot, Inc.*		9,908,668
	96,777	j2 Global, Inc.		7,261,178
	79,909	LogMeIn, Inc.		9,149,580
	142,978	MAXIMUS, Inc.		10,234,365
	15,282	New Relic, Inc.*		882,841
	80,024	NIC, Inc.		1,328,398
	118,606	Nutanix, Inc. Class A*		4,184,420
	167,078	Okta, Inc.*		4,278,868
	14,609	Paycom Software, Inc.*		1,173,541
	120,364	Paylocity Holding Corp.*		5,676,366
	108,300	Pegasystems, Inc.		5,106,345
	67,105	Progress Software Corp.		2,856,660
	14,345	Proofpoint, Inc.*		1,273,979
	72,627	PTC, Inc.*		4,413,543
	81,680	Q2 Holdings, Inc.*		3,009,908
	18,831	Qualys, Inc.*		1,117,620
	20,808	RingCentral, Inc. Class A*		1,007,107
	87,901	Science Applications International Corp.		6,730,580
	43,756	Shutterstock, Inc.*		1,882,821

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

130

Hartford Small Cap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.0% - (continued)
		Software & Services - 16.4% - (continued)
	2,974	Stamps.com, Inc.*	$	559,112
	63,513	Sykes Enterprises, Inc.*		1,997,484
	41,432	Travelport Worldwide Ltd.		541,516
	28,807	Tyler Technologies, Inc.*		5,100,279
	50,386	Web.com Group, Inc.*		1,098,415
	79,971	WEX, Inc.*		11,294,304
	222,258	Zendesk, Inc.*		7,521,211
				218,781,594
		Technology Hardware & Equipment - 3.3%
	233,489	Ciena Corp.*		4,886,925
	32,179	Control4 Corp.*		957,647
	116,870	ePlus, Inc.*		8,788,624
	130,476	Extreme Networks, Inc.*		1,633,560
	188,642	Fabrinet*		5,414,025
	117,280	Itron, Inc.*		7,998,496
	27,442	Methode Electronics, Inc.		1,100,424
	66,265	Rogers Corp.*		10,729,629
	17,936	Sanmina Corp.*		591,888
	122,614	Vishay Intertechnology, Inc.		2,544,240
				44,645,458
		Telecommunication Services - 0.7%
	353,834	ORBCOMM, Inc.*		3,602,030
	504,030	Vonage Holdings Corp.*		5,125,985
				8,728,015
		Transportation - 2.1%
	94,128	Genesee & Wyoming, Inc. Class A*		7,410,697
	41,070	Hawaiian Holdings, Inc.		1,636,640
	294,620	Knight-Swift Transportation Holdings, Inc.		12,880,786
	270,268	Marten Transport Ltd.		5,486,440
	11,829	Saia, Inc.*		836,902
				28,251,465
		Utilities - 0.3%
	195,100	Evoqua Water Technologies Corp.*		4,625,821
		Total Common Stocks (cost $1,033,757,337)	$	1,322,016,200
WARRANTS - 0.0%
		Diversified Financials - 0.0%
	891	Emergent Capital, Inc. Expires 4/11/19*(1)(2)	$	—
		Total Warrants (cost $—)	$	—
		Total Long-Term Investments (cost $1,033,757,337)	$	1,322,016,200

Shares or Principal Amount			Market Value†
SHORT-TERM INVESTMENTS - 0.7%
		Other Investment Pools & Funds - 0.7%
	9,527,710	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 1.21%(3)	$	9,527,710
		Total Short-Term Investments (cost $9,527,710)	$	9,527,710

Total Investments (cost $1,043,285,047)	99.7	%	$	1,331,543,910
Other Assets and Liabilities	0.3	%		3,488,412
Total Net Assets	100.0	%	$	1,335,032,322

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

131

Hartford Small Cap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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.

* Non-income producing.

⁽¹⁾  This security has been identified as 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. The identification of illiquid securities is unaudited. At December 31, 2017, the aggregate value of this security was $0, 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, 2017, the aggregate fair value of this security was $0, which represented 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⁾ Current yield as of period end.

^†  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.

132

Hartford Small Cap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total		Level 1(1)		Level 2(1)		Level 3(1)
Assets
Common Stocks
Automobiles & Components	$	25,354,820	$	25,354,820	$	—	$	—
Banks		46,663,148		46,663,148		—		—
Capital Goods		132,310,866		132,310,866		—		—
Commercial & Professional Services		70,581,921		70,581,921		—		—
Consumer Durables & Apparel		66,752,773		66,752,773		—		—
Consumer Services		55,681,713		55,681,713		—		—
Diversified Financials		18,594,041		18,594,041		—		—
Energy		19,899,968		19,899,968		—		—
Food & Staples Retailing		19,628,385		19,628,385		—		—
Food, Beverage & Tobacco		20,313,750		20,313,750		—		—
Health Care Equipment & Services		119,833,195		119,833,195		—		—
Household & Personal Products		3,838,595		3,838,595		—		—
Insurance		11,819,136		11,819,136		—		—
Materials		54,467,113		54,467,113		—		—
Media		1,825,526		1,825,526		—		—
Pharmaceuticals, Biotechnology & Life Sciences		192,789,610		192,789,610		—		—
Real Estate		42,810,251		42,810,251		—		—
Retailing		52,142,264		52,142,264		—		—
Semiconductors & Semiconductor Equipment		61,676,772		61,676,772		—		—
Software & Services		218,781,594		218,781,594		—		—
Technology Hardware & Equipment		44,645,458		44,645,458		—		—
Telecommunication Services		8,728,015		8,728,015		—		—
Transportation		28,251,465		28,251,465		—		—
Utilities		4,625,821		4,625,821		—		—
Warrants		—		—		0		—
Short-Term Investments		9,527,710		9,527,710		—		—
Total	$	1,331,543,910	$	1,331,543,910	$	0	$	—

⁽¹⁾  For the year ended December 31, 2017, there were no transfers between any levels.

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

133

Hartford Small Company HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 96.8%
		Automobiles & Components - 0.1%
	3,984	Cooper Tire & Rubber Co.	$	140,834
	4,322	Tenneco, Inc.		253,010
	1,458	Visteon Corp.*		182,454
				576,298
		Banks - 6.9%
	2,426	FCB Financial Holdings, Inc. Class A*		123,241
	3,485	First Busey Corp.		104,341
	3,411	First Hawaiian, Inc.		99,533
	2,964	Great Western Bancorp, Inc.		117,967
	2,305	IBERIABANK Corp.		178,637
	217,486	MB Financial, Inc.		9,682,477
	708,505	MGIC Investment Corp.*		9,997,006
	2,054	NMI Holdings, Inc. Class A*		34,918
	492,949	Sterling Bancorp		12,126,545
	166,274	Western Alliance Bancorp*		9,414,434
				41,879,099
		Capital Goods - 11.5%
	5,131	AAON, Inc.		188,308
	164,988	Altra Industrial Motion Corp.		8,315,395
	1,488	American Woodmark Corp.*		193,812
	3,182	Armstrong World Industries, Inc.*		192,670
	2,913	AZZ, Inc.		148,854
	131,886	Beacon Roofing Supply, Inc.*		8,409,051
	164,252	BMC Stock Holdings, Inc.*		4,155,576
	4,554	Generac Holdings, Inc.*		225,514
	1,730	HEICO Corp. Class A		136,757
	189,223	ITT, Inc.		10,098,832
	284,754	JELD-WEN Holding, Inc.*		11,210,765
	145,197	Kaman Corp.		8,543,391
	6,307	Milacron Holdings Corp.*		120,716
	561,834	Rexnord Corp.*		14,618,921
	1,679	SiteOne Landscape Supply, Inc.*		128,779
	57,635	SPX FLOW, Inc.*		2,740,544
	1,612	Teledyne Technologies, Inc.*		292,014
	4,327	Welbilt, Inc.*		101,728
				69,821,627
		Commercial & Professional Services - 2.0%
	4,555	Advanced Disposal Services, Inc.*		109,046
	137,194	Brink’s Co.		10,797,168
	2,637	Deluxe Corp.		202,627
	2,882	Exponent, Inc.		204,910
	2,535	Huron Consulting Group, Inc.*		102,541
	3,830	On Assignment, Inc.*		246,154
	2,767	Viad Corp.		153,292
	1,928	WageWorks, Inc.*		119,536
				11,935,274
		Consumer Durables & Apparel - 7.9%
	96,118	Carter’s, Inc.		11,292,904
	105,169	Oxford Industries, Inc.		7,907,657
	225,239	Skechers USA, Inc. Class A*		8,523,044
	7,176	Steven Madden Ltd.*		335,119
	62,004	TopBuild Corp.*		4,696,183
	283,386	TRI Pointe Group, Inc.*		5,078,277
	211,787	Under Armour, Inc. Class C*		2,821,003
	236,700	Wolverine World Wide, Inc.		7,545,996
				48,200,183

Shares or Principal Amount			Market Value†
COMMON STOCKS - 96.8% - (continued)
		Consumer Services - 8.7%
	241,082	Boyd Gaming Corp.	$	8,449,924
	134,598	Dave & Buster’s Entertainment, Inc.*		7,425,772
	909,759	DraftKings, Inc.*(1)(2)(3)(4)		1,291,858
	4,026	Dunkin’ Brands Group, Inc.		259,556
	6,823	La Quinta Holdings, Inc.*		125,953
	76,119	Marriott Vacations Worldwide Corp.		10,292,050
	2,807	Papa John’s International, Inc.		157,501
	506,116	Planet Fitness, Inc. Class A*		17,526,797
	195,774	Wingstop, Inc.		7,631,270
				53,160,681
		Diversified Financials - 0.1%
	2,523	Evercore, Inc. Class A		227,070
	2,853	OneMain Holdings, Inc.*		74,149
				301,219
		Energy - 1.4%
	412,975	Centennial Resource Development, Inc. Class A*		8,176,905
	2,645	PDC Energy, Inc.*		136,323
	6,800	ProPetro Holding Corp.*		137,088
	6,600	WildHorse Resource Development Corp.*		121,506
				8,571,822
		Food & Staples Retailing - 1.6%
	1,364	Casey’s General Stores, Inc.		152,686
	291,578	Performance Food Group Co.*		9,651,232
	2,179	PriceSmart, Inc.		187,612
				9,991,530
		Food, Beverage & Tobacco - 2.3%
	420,875	Blue Buffalo Pet Products, Inc.*		13,800,491
	11,322	Hostess Brands, Inc.*		167,679
	1,598	Post Holdings, Inc.*		126,610
				14,094,780
		Health Care Equipment & Services - 4.6%
	3,368	Anika Therapeutics, Inc.*		181,569
	5,868	AtriCure, Inc.*		107,032
	258	Atrion Corp.		162,695
	5,016	Cardiovascular Systems, Inc.*		118,829
	62,228	DexCom, Inc.*		3,571,265
	6,123	Globus Medical, Inc. Class A*		251,655
	58,298	HealthEquity, Inc.*		2,720,185
	5,252	HMS Holdings Corp.*		89,021
	1,253	ICU Medical, Inc.*		270,648
	197,236	Insulet Corp.*		13,609,284
	3,502	Integra LifeSciences Holdings Corp.*		167,606
	1,670	Medidata Solutions, Inc.*		105,828
	6,149	Natus Medical, Inc.*		234,892
	4,694	Omnicell, Inc.*		227,659
	293,645	OraSure Technologies, Inc.*		5,538,145
	3,520	Orthofix International N.V.*		192,544
	1,813	U.S. Physical Therapy, Inc.		130,898
				27,679,755
		Insurance - 0.0%
	3,557	James River Group Holdings Ltd.		142,315
		Materials - 2.8%
	4,039	Boise Cascade Co.		161,156
	113,528	Carpenter Technology Corp.		5,788,793
	309,268	Ferro Corp.*		7,295,632
	12,605	Graphic Packaging Holding Co.		194,747

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

134

Hartford Small Company HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 96.8% - (continued)
		Materials - 2.8% - (continued)
	40,021	Ingevity Corp.*	$	2,820,280
	6,400	Louisiana-Pacific Corp.*		168,064
	12,416	OMNOVA Solutions, Inc.*		124,160
	6,085	PolyOne Corp.		264,698
	5,217	Summit Materials, Inc. Class A*		164,023
				16,981,553
		Pharmaceuticals, Biotechnology & Life Sciences - 12.6%
	3,235	Abeona Therapeutics, Inc.*		51,275
	117,648	Aerie Pharmaceuticals, Inc.*		7,029,468
	1,192	Agios Pharmaceuticals, Inc.*		68,147
	12,669	Amicus Therapeutics, Inc.*		182,307
	8,369	Aratana Therapeutics, Inc.*		44,021
	3,000	Arena Pharmaceuticals, Inc.*		101,910
	25,138	Bluebird Bio, Inc.*		4,477,078
	63,003	Blueprint Medicines Corp.*		4,751,056
	4,537	Calithera Biosciences, Inc.*		37,884
	5,832	Catalent, Inc.*		239,579
	3,881	Coherus Biosciences, Inc.*		34,153
	5,990	Cytokinetics, Inc.*		48,819
	106,461	Dermira, Inc.*		2,960,680
	212,563	Exact Sciences Corp.*		11,168,060
	4,311	Five Prime Therapeutics, Inc.*		94,497
	2,715	Flexion Therapeutics, Inc.*		67,984
	51,090	Galapagos N.V. ADR*		4,790,198
	88,132	Global Blood Therapeutics, Inc.*		3,467,994
	2,442	GlycoMimetics, Inc.*		41,001
	6,189	Impax Laboratories, Inc.*		103,047
	2,802	INC Research Holdings, Inc. Class A*		122,167
	6,641	Intersect ENT, Inc.*		215,168
	57,387	Ionis Pharmaceuticals, Inc.*		2,886,566
	295,468	Ironwood Pharmaceuticals, Inc.*		4,429,065
	2,488	Jounce Therapeutics, Inc.*		31,722
	1,398	Kala Pharmaceuticals, Inc.*		25,849
	25,790	Loxo Oncology, Inc.*		2,171,002
	3,861	Medicines Co.*		105,560
	6,136	NanoString Technologies, Inc.*		45,836
	81,300	Nektar Therapeutics*		4,855,236
	69,707	Neurocrine Biosciences, Inc.*		5,408,566
	6,547	Otonomy, Inc.*		36,336
	85,762	Portola Pharmaceuticals, Inc.*		4,174,894
	76,954	PRA Health Sciences, Inc.*		7,008,201
	1,900	Revance Therapeutics, Inc.*		67,925
	11,715	Rigel Pharmaceuticals, Inc.*		45,454
	31,877	Sage Therapeutics, Inc.*		5,250,461
	2,267	Spark Therapeutics, Inc.*		116,569
	2,622	Ultragenyx Pharmaceutical, Inc.*		121,608
				76,877,343
		Real Estate - 3.4%
	30,151	Coresite Realty Corp. REIT		3,434,199
	144,482	Corporate Office Properties Trust REIT		4,218,874
	5,580	HFF, Inc. Class A, REIT		271,411
	285,103	Kennedy-Wilson Holdings, Inc. REIT		4,946,537
	149,107	LaSalle Hotel Properties REIT		4,185,434
	60,805	QTS Realty Trust, Inc. Class A, REIT		3,293,199
	10,194	Sunstone Hotel Investors, Inc. REIT		168,507
				20,518,161
		Retailing - 1.8%
	5,016,400	Allstar Co.*(1)(2)(3)(4)		1,003,280
	1,186	Burlington Stores, Inc.*		145,914

Shares or Principal Amount			Market Value†
COMMON STOCKS - 96.8% - (continued)
		Retailing - 1.8% - (continued)
	5,031	Caleres, Inc.	$	168,438
	4,991	Core-Mark Holding Co., Inc.		157,616
	3,563	Five Below, Inc.*		236,298
	1,000	Floor & Decor Holdings, Inc. Class A*		48,680
	6,448	Michaels Cos., Inc.*		155,977
	500	National Vision Holdings, Inc.*		20,305
	43,094	Tory Burch LLC*(1)(2)(3)(4)		2,119,795
	83,397	Wayfair, Inc. Class A*		6,694,277
				10,750,580
		Semiconductors & Semiconductor Equipment - 3.7%
	168,759	Axcelis Technologies, Inc.*		4,843,383
	4,647	Cohu, Inc.		102,002
	6,500	Entegris, Inc.		197,925
	7,138	Integrated Device Technology, Inc.*		212,213
	3,131	MACOM Technology Solutions Holdings, Inc.*		101,883
	4,942	MaxLinear, Inc.*		130,567
	2,185	MKS Instruments, Inc.		206,482
	488,500	Tower Semiconductor Ltd.*		16,648,080
				22,442,535
		Software & Services - 17.8%
	183,060	2U, Inc.*		11,809,201
	2,686	Aspen Technology, Inc.*		177,813
	1,511	Blackbaud, Inc.		142,774
	91,250	Blackhawk Network Holdings, Inc.*		3,253,062
	5,230	Blucora, Inc.*		115,583
	1,553	CACI International, Inc. Class A*		205,540
	262,627	Cloudera, Inc.*		4,338,598
	26,778	CoStar Group, Inc.*		7,951,727
	80,462	EPAM Systems, Inc.*		8,644,033
	5,938	Etsy, Inc.*		121,432
	2,909	ExlService Holdings, Inc.*		175,558
	61,891	Fair Isaac Corp.		9,481,701
	6,087	Five9, Inc.*		151,445
	200	ForeScout Technologies, Inc.*		6,378
	153,150	GoDaddy, Inc. Class A*		7,700,382
	51,305	GrubHub, Inc.*		3,683,699
	88,195	Guidewire Software, Inc.*		6,549,361
	111,487	HubSpot, Inc.*		9,855,451
	2,327	j2 Global, Inc.		174,595
	1,939	LogMeIn, Inc.		222,016
	2,159	MAXIMUS, Inc.		154,541
	326,259	Mimecast Ltd.*		9,353,846
	2,954	Nutanix, Inc. Class A*		104,217
	172,639	Okta, Inc.*		4,421,285
	3,014	Paylocity Holding Corp.*		142,140
	2,395	Pegasystems, Inc.		112,924
	46,880	Proofpoint, Inc.*		4,163,413
	1,814	PTC, Inc.*		110,237
	2,002	Q2 Holdings, Inc.*		73,774
	2,183	Science Applications International Corp.		167,152
	101,957	Trade Desk, Inc. Class A*		4,662,494
	679	Tyler Technologies, Inc.*		120,217
	157,023	Veracode, Inc. Escrow*(1)(2)(3)(4)		631,232
	1,902	WEX, Inc.*		268,619
	5,622	Zendesk, Inc.*		190,248
	124,099	Zillow Group, Inc. Class C*		5,078,131
	944,673	Zynga, Inc. Class A*		3,778,692
				108,293,511

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

135

Hartford Small Company HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 96.8% - (continued)
		Technology Hardware & Equipment - 3.7%
	5,650	Ciena Corp.*	$	118,255
	2,696	ePlus, Inc.*		202,739
	4,726	Fabrinet*		135,636
	167,167	II-VI, Inc.*		7,848,491
	2,950	Itron, Inc.*		201,190
	1,517	Rogers Corp.*		245,633
	131,818	Zebra Technologies Corp. Class A*		13,682,708
				22,434,652
		Telecommunication Services - 0.0%
	8,378	ORBCOMM, Inc.*		85,288
	12,321	Vonage Holdings Corp.*		125,305
				210,593
		Transportation - 3.9%
	2,205	Genesee & Wyoming, Inc. Class A*		173,600
	417,608	JetBlue Airways Corp.*		9,329,363
	172,914	Knight-Swift Transportation Holdings, Inc.		7,559,800
	6,520	Marten Transport Ltd.		132,356
	230,315	Schneider National, Inc. Class B		6,577,796
				23,772,915
		Utilities - 0.0%
	4,800	Evoqua Water Technologies Corp.*		113,808
		Total Common Stocks (cost $474,037,245)	$	588,750,234
EXCHANGE-TRADED FUNDS - 0.2%
		Other Investment Pools & Funds - 0.2%
	7,227	iShares Russell 2000 Growth ETF	$	1,349,281
		Total Exchange-Traded Funds (cost $1,186,208)	$	1,349,281
PREFERRED STOCKS - 1.6%
		Pharmaceuticals, Biotechnology & Life Sciences - 0.0%
	92,420	Sancilio & Co., Inc. Series D*(1)(2)(3)(4)	$	281,881
		Software & Services - 1.6%
	410,300	MarkLogic Corp. Series F*(1)(2)(3)(4)		4,020,940
	1,026,132	Zuora, Inc. Series F*(1)(2)(3)(4)		5,469,284
				9,490,224
		Total Preferred Stocks (cost $8,954,088)	$	9,772,105
CONVERTIBLE PREFERRED STOCKS - 0.4%
		Retailing - 0.4%
	74,004	Honest Co. Series D*(1)(2)(3)(4)	$	2,617,521
		Total Convertible Preferred Stocks (cost $3,386,053)	$	2,617,521
		Total Long-Term Investments (cost $487,563,594)	$	602,489,141

Shares or Principal Amount			Market Value†
SHORT-TERM INVESTMENTS - 1.1%
		Other Investment Pools & Funds - 1.1%
	6,552,562	BlackRock Liquidity Funds TempFund Portfolio, Institutional Class, 1.17%(5)	$	6,552,562
		Total Short-Term Investments (cost $6,552,562)	$	6,552,562

Total Investments (cost $494,116,156)	100.1	%	$	609,041,703
Other Assets and Liabilities	(0.1	)%		(838,975	)
Total Net Assets	100.0	%	$	608,202,728

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

136

Hartford Small Company HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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 will generally 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.

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.

* Non-income producing.

⁽¹⁾  Investment valued using significant unobservable inputs.

⁽²⁾  This security has been identified as 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. The identification of illiquid securities is unaudited. At December 31, 2017, the aggregate value of these securities was $17,435,791, which represents 2.9% of total net assets.

⁽³⁾  Securities issued within terms of a private placement memorandum and exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2017, the aggregate value of these securities was $17,435,791, which represented 2.9% of total net assets.

⁽⁴⁾  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, 2017, the aggregate fair value of these securities was $17,435,791, which represented 2.9% 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.

⁽⁵⁾  Current yield as of period end.

^†  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.

137

Hartford Small Company HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total		Level 1(1)		Level 2(1)		Level 3(1)
Assets
Common Stocks
Automobiles & Components	$	576,298	$	576,298	$	—	$	—
Banks		41,879,099		41,879,099		—		—
Capital Goods		69,821,627		69,821,627		—		—
Commercial & Professional Services		11,935,274		11,935,274		—		—
Consumer Durables & Apparel		48,200,183		48,200,183		—		—
Consumer Services		53,160,681		51,868,823		—		1,291,858
Diversified Financials		301,219		301,219		—		—
Energy		8,571,822		8,571,822		—		—
Food & Staples Retailing		9,991,530		9,991,530		—		—
Food, Beverage & Tobacco		14,094,780		14,094,780		—		—
Health Care Equipment & Services		27,679,755		27,679,755		—		—
Insurance		142,315		142,315		—		—
Materials		16,981,553		16,981,553		—		—
Pharmaceuticals, Biotechnology & Life Sciences		76,877,343		76,877,343		—		—
Real Estate		20,518,161		20,518,161		—		—
Retailing		10,750,580		7,627,505		—		3,123,075
Semiconductors & Semiconductor Equipment		22,442,535		22,442,535		—		—
Software & Services		108,293,511		107,662,279		—		631,232
Technology Hardware & Equipment		22,434,652		22,434,652		—		—
Telecommunication Services		210,593		210,593		—		—
Transportation		23,772,915		23,772,915		—		—
Utilities		113,808		113,808		—		—
Exchange-Traded Funds		1,349,281		1,349,281		—		—
Preferred Stocks		12,389,626		—		—		12,389,626
Short-Term Investments		6,552,562		6,552,562		—		—
Total	$	609,041,703	$	591,605,912	$	—	$	17,435,791

⁽¹⁾  For the year ended December 31, 2017, investments valued at $8,944,727 were transferred out of Level 3 due to the initiation of a vendor providing pricing. There were no transfers in or out of Level 1 or 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, 2017:

	Common Stocks			Preferred Stocks			Total
Beginning balance	$	14,370,854		$	32,924,650		$	47,295,504
Conversions*		2,419,607			(2,419,607	)		—
Purchases		—			—			—
Sales		(5,964,931	)		(13,933,421	)		(19,898,352	)
Accrued discounts/(premiums)		—			—			—
Total realized gain/(loss)		(1,004,492	)		6,273,897			5,269,405
Net change in unrealized appreciation/depreciation		(3,982,308	)		(2,303,731	)		(6,286,039	)
Transfers into Level 3		—			—			—
Transfers out of Level 3		(792,565	)		(8,152,162	)		(8,944,727	)
Ending balance	$	5,046,165		$	12,389,626		$	17,435,791

* Private Equity security that was a preferred stock is now trading as a common stock.

The change in net unrealized appreciation/(depreciation) relating to the Level 3 investments held at December 31, 2017 was $(1,133,684).

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.

138

Hartford Small/Mid Cap Equity HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.3%
		Automobiles & Components - 2.0%
	8,536	Lear Corp.	$	1,507,970
	2,807	Thor Industries, Inc.		423,071
				1,931,041
		Banks - 5.3%
	20,948	Banco Latinoamericano de Comercio Exterior S.A. ADR		563,501
	2,943	Berkshire Hills Bancorp, Inc.		107,714
	10,856	Essent Group Ltd.*		471,368
	16,500	Flagstar Bancorp, Inc.*		617,430
	8,184	Green Bancorp, Inc.*		166,135
	935	LendingTree, Inc.*		318,321
	27,143	MGIC Investment Corp.*		382,988
	34,892	OFG Bancorp		327,985
	6,614	Opus Bank*		180,562
	31,652	Popular, Inc.		1,123,329
	15,485	Radian Group, Inc.		319,146
	17,310	TCF Financial Corp.		354,855
	6,017	Walker & Dunlop, Inc.*		285,807
				5,219,141
		Capital Goods - 9.8%
	14,362	Aircastle Ltd.		335,927
	14,647	Allison Transmission Holdings, Inc.		630,846
	501	American Woodmark Corp.*		65,255
	3,200	Argan, Inc.		144,000
	3,502	Beacon Roofing Supply, Inc.*		223,288
	9,813	Briggs & Stratton Corp.		248,956
	4,121	Caesarstone Ltd.*		90,662
	8,072	Continental Building Products, Inc.*		227,227
	6,682	EMCOR Group, Inc.		546,253
	4,279	Generac Holdings, Inc.*		211,896
	13,119	Graco, Inc.		593,241
	9,311	Jacobs Engineering Group, Inc.		614,154
	8,402	Oshkosh Corp.		763,658
	11,138	Owens Corning		1,024,028
	1,973	Proto Labs, Inc.*		203,219
	7,000	Regal-Beloit Corp.		536,200
	3,154	Rush Enterprises, Inc. Class A*		160,255
	17,043	Spirit Aerosystems Holdings, Inc. Class A		1,487,002
	6,119	Terex Corp.		295,058
	6,660	Textainer Group Holdings Ltd.*		143,190
	10,203	Titan Machinery, Inc.*		215,997
	14,557	Toro Co.		949,553
				9,709,865
		Commercial & Professional Services - 4.3%
	11,930	ACCO Brands Corp.*		145,546
	3,035	Barrett Business Services, Inc.		195,727
	6,281	Brink’s Co.		494,315
	16,516	Essendant, Inc.		153,103
	9,137	Herman Miller, Inc.		365,937
	6,310	Kelly Services, Inc. Class A		172,074
	7,800	Kimball International, Inc. Class B		145,626
	2,550	ManpowerGroup, Inc.		321,580
	3,186	McGrath Rent Corp.		149,678
	9,279	Quad/Graphics, Inc.		209,705
	11,987	Robert Half International, Inc.		665,758
	28,308	RPX Corp.		380,460
	3,821	SP Plus Corp.*		141,759
	20,348	Steelcase, Inc. Class A		309,290

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.3% - (continued)
		Commercial & Professional Services - 4.3% - (continued)
	10,070	TriNet Group, Inc.*	$	446,504
				4,297,062
		Consumer Durables & Apparel - 3.3%
	5,097	CSS Industries, Inc.		141,850
	7,622	La-Z-Boy, Inc.		237,806
	7,755	Lululemon Athletica, Inc.*		609,465
	17,781	Michael Kors Holdings Ltd.*		1,119,314
	176	NVR, Inc.*		617,447
	6,760	Perry Ellis International, Inc.*		169,270
	1,231	Polaris Industries, Inc.		152,632
	1,939	Ralph Lauren Corp.		201,055
				3,248,839
		Consumer Services - 4.5%
	8,500	American Public Education, Inc.*		212,925
	1,589	Domino’s Pizza, Inc.		300,258
	823	Graham Holdings Co. Class B		459,522
	5,167	Grand Canyon Education, Inc.*		462,602
	15,565	H&R Block, Inc.		408,114
	24,672	International Speedway Corp. Class A		983,179
	9,031	K12, Inc.*		143,593
	23,835	Ruth’s Hospitality Group, Inc.		516,028
	14,123	Scientific Games Corp. Class A*		724,510
	4,355	Weight Watchers International, Inc.*		192,839
			4,403,570
		Diversified Financials - 4.7%
	14,900	AG Mortgage Investment Trust, Inc. REIT		283,249
	28,084	AGNC Investment Corp. REIT		567,016
	14,129	Apollo Commercial Real Estate Finance, Inc. REIT		260,680
	9,697	ARMOUR Residential, Inc. REIT		249,407
	19,554	Chimera Investment Corp. REIT		361,358
	3,180	Cohen & Steers, Inc.		150,382
	5,241	E*TRADE Financial Corp.*		259,796
	7,479	Green Dot Corp. Class A*		450,685
	15,317	Invesco Mortgage Capital, Inc. REIT		273,102
	10,605	Ladder Capital Corp. REIT		144,546
	17,393	MTGE Investment Corp. REIT		321,771
	7,225	Nelnet, Inc. Class A		395,785
	21,726	Redwood Trust, Inc. REIT		321,979
	23,650	Two Harbors Investment Corp. REIT		384,549
	22,667	Western Asset Mortgage Capital Corp. REIT		225,537
				4,649,842
		Energy - 4.5%
	109,211	Abraxas Petroleum Corp.*		268,659
	1,873	Arch Coal, Inc. Class A		174,489
	7,967	CVR Energy, Inc.		296,691
	9,433	Delek U.S. Holdings, Inc.		329,589
	5,234	Exterran Corp.*		164,557
	13,760	HollyFrontier Corp.		704,787
	8,536	Matrix Service Co.*		151,941
	16,161	Murphy Oil Corp.		501,799
	29,081	Par Pacific Holdings, Inc.*		560,682
	11,148	PBF Energy, Inc. Class A		395,197
	4,942	REX American Resources Corp.*		409,148
	8,891	Stone Energy Corp.*		285,934
	71,876	W&T Offshore, Inc.*		237,909
				4,481,382

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

139

Hartford Small/Mid Cap Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.3% - (continued)
		Food, Beverage & Tobacco - 3.0%
	2,018	Boston Beer Co., Inc. Class A*	$	385,640
	7,242	Ingredion, Inc.		1,012,432
	1,619	National Beverage Corp.		157,755
	31,200	Pilgrim’s Pride Corp.*		969,072
	2,928	Sanderson Farms, Inc.		406,348
				2,931,247
		Health Care Equipment & Services - 4.8%
	2,964	Align Technology, Inc.*		658,571
	3,676	Analogic Corp.		307,865
	1,209	Chemed Corp.		293,811
	1,870	Cooper Cos., Inc.		407,436
	7,346	Diplomat Pharmacy, Inc.*		147,434
	3,281	Encompass Health Corp.		162,114
	8,628	Haemonetics Corp.*		501,114
	2,280	Masimo Corp.*		193,344
	2,337	Molina Healthcare, Inc.*		179,201
	15,254	Triple-S Management Corp. Class B*		379,062
	11,862	Veeva Systems, Inc. Class A*		655,731
	4,458	WellCare Health Plans, Inc.*		896,549
				4,782,232
		Household & Personal Products - 1.4%
	7,282	Medifast, Inc.		508,356
	5,624	Nu Skin Enterprises, Inc. Class A		383,726
	6,349	Usana Health Sciences, Inc.*		470,143
				1,362,225
		Insurance - 4.6%
	7,632	Ambac Financial Group, Inc.*		121,959
	6,289	American Equity Investment Life Holding Co.		193,261
	20,550	Assured Guaranty Ltd.		696,029
	22,299	CNO Financial Group, Inc.		550,562
	24,796	Greenlight Capital Re Ltd. Class A*		498,400
	5,878	Health Insurance Innovations, Inc. Class A*		146,656
	27,619	Maiden Holdings Ltd.		182,285
	9,391	Reinsurance Group of America, Inc.		1,464,339
	28,954	Third Point Reinsurance Ltd.*		424,176
	10,847	Universal Insurance Holdings, Inc.		296,665
				4,574,332
		Materials - 3.6%
	3,015	Albemarle Corp.		385,588
	17,983	Chemours Co.		900,229
	15,515	Domtar Corp.		768,303
	2,922	Ingevity Corp.*		205,913
	4,300	Innophos Holdings, Inc.		200,939
	9,820	Louisiana-Pacific Corp.*		257,873
	2,670	Steel Dynamics, Inc.		115,157
	7,881	Stepan Co.		622,363
	4,252	Warrior Met Coal, Inc.		106,938
				3,563,303
		Media - 1.7%
	14,783	Gannett Co., Inc.		171,335
	8,524	Live Nation Entertainment, Inc.*		362,867
	11,687	New Media Investment Group, Inc.		196,108
	7,964	New York Times Co. Class A		147,334
	20,766	Scholastic Corp.		832,924
				1,710,568
		Pharmaceuticals, Biotechnology & Life Sciences - 7.7%
	17,064	Akebia Therapeutics, Inc.*		253,742

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.3% - (continued)
		Pharmaceuticals, Biotechnology & Life Sciences - 7.7% - (continued)
	3,054	BioSpecifics Technologies Corp.*	$	132,330
	13,329	Bruker Corp.		457,451
	13,761	Calithera Biosciences, Inc.*		114,904
	24,656	Conatus Pharmaceuticals, Inc.*		113,911
	5,580	Concert Pharmaceuticals, Inc.*		144,355
	25,046	Corcept Therapeutics, Inc.*		452,331
	26,237	Cytokinetics, Inc.*		213,831
	14,417	CytomX Therapeutics, Inc.*		304,343
	3,639	Emergent Biosolutions, Inc.*		169,104
	4,310	Enanta Pharmaceuticals, Inc.*		252,911
	32,786	Exelixis, Inc.*		996,694
	21,260	ImmunoGen, Inc.*		136,277
	37,090	Innoviva, Inc.*		526,307
	6,358	Mallinckrodt plc*		143,436
	25,195	MiMedx Group, Inc.*		317,709
	5,111	Momenta Pharmaceuticals, Inc.*		71,298
	3,827	MyoKardia, Inc.*		161,117
	80,573	PDL BioPharma, Inc.*		220,770
	29,731	Pieris Pharmaceuticals, Inc.*		224,469
	6,814	PRA Health Sciences, Inc.*		620,551
	9,743	Retrophin, Inc.*		205,285
	10,192	Sangamo Therapeutics, Inc.*		167,149
	7,774	Supernus Pharmaceuticals, Inc.*		309,794
	6,356	United Therapeutics Corp.*		940,370
				7,650,439
		Real Estate - 9.3%
	55,800	Brandywine Realty Trust REIT		1,015,002
	57,259	Brixmor Property Group, Inc. REIT		1,068,453
	9,600	CareTrust, Inc. REIT		160,896
	26,053	CBL & Associates Properties, Inc. REIT		147,460
	16,280	Chatham Lodging Trust REIT		370,533
	1,296	Coresite Realty Corp. REIT		147,614
	9,522	Easterly Government Properties, Inc. REIT		203,200
	19,704	Forestar Group, Inc.*		433,488
	10,659	Global Net Lease, Inc. REIT		219,362
	38,160	Hospitality Properties Trust REIT		1,139,076
	14,114	Independence Realty Trust, Inc. REIT		142,410
	6,757	Jernigan Capital, Inc. REIT		128,451
	2,301	Jones Lang LaSalle, Inc.		342,688
	31,138	Piedmont Office Realty Trust, Inc. Class A, REIT		610,616
	3,167	Potlatch Corp. REIT		158,033
	31,400	Ramco-Gershenson Properties Trust REIT		462,522
	75,372	Retail Properties of America, Inc. Class A, REIT		1,013,000
	36,070	Select Income REIT		906,439
	4,451	Weingarten Realty Investors REIT		146,304
	11,165	Whitestone REIT REIT		160,888
	11,600	Xenia Hotels & Resorts, Inc. REIT		250,444
				9,226,879
		Retailing - 3.2%
	5,207	Big Lots, Inc.		292,373
	2,264	Burlington Stores, Inc.*		278,540
	2,302	Children’s Place, Inc.		334,596
	5,450	Five Below, Inc.*		361,444
	7,586	Liberty Expedia Holdings, Inc. Class A*		336,287
	7,888	Michaels Cos., Inc.*		190,811
	5,249	PetMed Express, Inc.		238,829
	14,200	Sleep Number Corp.*		533,778
	7,277	Tailored Brands, Inc.		158,857

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

140

Hartford Small/Mid Cap Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.3% - (continued)
		Retailing - 3.2% - (continued)
	4,531	Urban Outfitters, Inc.*	$	158,857
	4,791	Williams-Sonoma, Inc.		247,695
				3,132,067
		Semiconductors & Semiconductor Equipment - 2.0%
	1,484	Advanced Energy Industries, Inc.*		100,140
	3,935	Cirrus Logic, Inc.*		204,069
	2,412	First Solar, Inc.*		162,858
	20,330	Photronics, Inc.*		173,313
	32,196	Teradyne, Inc.		1,348,047
				1,988,427
		Software & Services - 7.4%
	8,191	Appfolio, Inc. Class A*		339,926
	15,285	Blucora, Inc.*		337,798
	28,884	Cadence Design Systems, Inc.*		1,207,929
	18,036	CommerceHub, Inc. Series C*		371,361
	13,705	Convergys Corp.		322,067
	1,810	Euronet Worldwide, Inc.*		152,529
	19,607	Everi Holdings, Inc.*		147,837
	7,628	Hortonworks, Inc.*		153,399
	5,489	ManTech International Corp. Class A		275,493
	10,867	MAXIMUS, Inc.		777,860
	6,735	New Relic, Inc.*		389,081
	9,895	Progress Software Corp.		421,230
	5,600	Sykes Enterprises, Inc.*		176,120
	7,668	Tableau Software, Inc. Class A*		530,626
	9,983	TeleTech Holdings, Inc.		401,816
	21,393	Teradata Corp.*		822,775
	14,495	Web.com Group, Inc.*		315,991
	51,225	Zynga, Inc. Class A*		204,900
				7,348,738
		Technology Hardware & Equipment - 4.5%
	4,736	Arista Networks, Inc.*		1,115,707
	8,590	ARRIS International plc*		220,677
	34,899	AVX Corp.		603,753
	6,672	Cognex Corp.		408,059
	7,051	Control4 Corp.*		209,838
	31,083	Extreme Networks, Inc.*		389,159
	10,843	Jabil, Inc.		284,629
	12,308	Sanmina Corp.*		406,164
	563	Universal Display Corp.		97,202
	24,331	Vishay Intertechnology, Inc.		504,868
	1,866	Zebra Technologies Corp. Class A*		193,691
				4,433,747
		Telecommunication Services - 1.5%
	3,167	ATN International, Inc.		175,008
	23,841	Boingo Wireless, Inc.*		536,423
	27,100	Telephone & Data Systems, Inc.		753,380
				1,464,811
		Transportation - 2.3%
	4,114	ArcBest Corp.		147,076
	2,126	Copa Holdings S.A. Class A		285,012
	7,225	Hawaiian Holdings, Inc.		287,916
	15,177	JetBlue Airways Corp.*		339,054
	5,995	Old Dominion Freight Line, Inc.		788,642
	4,407	XPO Logistics, Inc.*		403,637
				2,251,337

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.3% - (continued)
		Utilities - 3.9%
	18,520	National Fuel Gas Co.	$	1,016,933
	5,251	Northwest Natural Gas Co.		313,222
	12,163	NRG Energy, Inc.		346,403
	11,431	OGE Energy Corp.		376,194
	15,645	Pinnacle West Capital Corp.		1,332,641
	28,374	Vistra Energy Corp.*		519,812
				3,905,205
		Total Common Stocks (cost $80,146,615)	$	98,266,299
		Total Long-Term Investments (cost $80,146,615)	$	98,266,299
SHORT-TERM INVESTMENTS - 0.6%
		Other Investment Pools & Funds - 0.6%
	631,221	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 1.21%(1)	$	631,221
		Total Short-Term Investments (cost $631,221)	$	631,221

Total Investments (cost $80,777,836)	99.9	%	$	98,897,520
Other Assets and Liabilities	0.1	%		98,217
Total Net Assets	100.0	%	$	98,995,737

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

141

Hartford Small/Mid Cap Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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.

* Non-income producing.

⁽¹⁾  Current yield as of period end.

^†  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.

142

Hartford Small/Mid Cap Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total		Level 1(1)		Level 2(1)		Level 3(1)
Assets
Common Stocks
Automobiles & Components	$	1,931,041	$	1,931,041	$	—	$	—
Banks		5,219,141		5,219,141		—		—
Capital Goods		9,709,865		9,709,865		—		—
Commercial & Professional Services		4,297,062		4,297,062		—		—
Consumer Durables & Apparel		3,248,839		3,248,839		—		—
Consumer Services		4,403,570		4,403,570		—		—
Diversified Financials		4,649,842		4,649,842		—		—
Energy		4,481,382		4,481,382		—		—
Food, Beverage & Tobacco		2,931,247		2,931,247		—		—
Health Care Equipment & Services		4,782,232		4,782,232		—		—
Household & Personal Products		1,362,225		1,362,225		—		—
Insurance		4,574,332		4,574,332		—		—
Materials		3,563,303		3,563,303		—		—
Media		1,710,568		1,710,568		—		—
Pharmaceuticals, Biotechnology & Life Sciences		7,650,439		7,650,439		—		—
Real Estate		9,226,879		9,226,879		—		—
Retailing		3,132,067		3,132,067		—		—
Semiconductors & Semiconductor Equipment		1,988,427		1,988,427		—		—
Software & Services		7,348,738		7,348,738		—		—
Technology Hardware & Equipment		4,433,747		4,433,747		—		—
Telecommunication Services		1,464,811		1,464,811		—		—
Transportation		2,251,337		2,251,337		—		—
Utilities		3,905,205		3,905,205		—		—
Short-Term Investments		631,221		631,221		—		—
Total	$	98,897,520	$	98,897,520	$	—	$	—

⁽¹⁾  For the year ended December 31, 2017, there were no transfers between any levels.

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

143

Hartford Stock HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.6%
		Banks - 2.5%
	263,199	PNC Financial Services Group, Inc.	$	37,976,984
		Capital Goods - 10.3%
	131,777	General Dynamics Corp.		26,810,030
	223,753	Honeywell International, Inc.		34,314,760
	119,158	Lockheed Martin Corp.		38,255,676
	97,959	Northrop Grumman Corp.		30,064,597
	212,600	United Technologies Corp.		27,121,382
				156,566,445
		Consumer Durables & Apparel - 5.5%
	948,001	NIKE, Inc. Class B		59,297,463
	327,451	VF Corp.		24,231,374
				83,528,837
		Consumer Services - 3.5%
	176,603	McDonald’s Corp.		30,396,908
	396,357	Starbucks Corp.		22,762,783
				53,159,691
		Diversified Financials - 4.4%
	344,010	American Express Co.		34,163,633
	64,099	BlackRock, Inc.		32,928,297
				67,091,930
		Energy - 4.4%
	374,699	Exxon Mobil Corp.		31,339,825
	541,893	Schlumberger Ltd.		36,518,169
				67,857,994
		Food & Staples Retailing - 5.2%
	219,117	Costco Wholesale Corp.		40,782,056
	213,912	CVS Health Corp.		15,508,620
	316,705	Walgreens Boots Alliance, Inc.		22,999,117
				79,289,793
		Food, Beverage & Tobacco - 7.7%
	835,911	Coca-Cola Co.		38,351,597
	1,073,931	Diageo plc		39,364,271
	325,079	PepsiCo, Inc.		38,983,473
				116,699,341
		Health Care Equipment & Services - 9.1%
	442,472	Cardinal Health, Inc.		27,110,259
	165,663	Danaher Corp.		15,376,840
	168,233	McKesson Corp.		26,235,936
	409,655	Medtronic plc		33,079,641
	169,243	UnitedHealth Group, Inc.		37,311,312
				139,113,988
		Household & Personal Products - 3.8%
	516,989	Colgate-Palmolive Co.		39,006,820
	200,073	Procter & Gamble Co.		18,382,707
				57,389,527
		Insurance - 5.2%
	309,979	Chubb Ltd.		45,297,231
	412,728	Marsh & McLennan Cos., Inc.		33,591,932
				78,889,163
		Materials - 4.0%
	200,549	Ecolab, Inc.		26,909,665
	223,139	Praxair, Inc.		34,515,140
				61,424,805

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.6% - (continued)
		Media - 1.5%
	206,751	Walt Disney Co.	$	22,227,800
		Pharmaceuticals, Biotechnology & Life Sciences - 5.8%
	152,323	Amgen, Inc.		26,488,970
	221,455	Johnson & Johnson		30,941,693
	546,501	Merck & Co., Inc.		30,751,611
				88,182,274
		Real Estate - 4.5%
	241,406	American Tower Corp. REIT		34,441,394
	162,456	Public Storage REIT		33,953,304
				68,394,698
		Retailing - 2.7%
	9,440,100	Allstar Co.*(1)(2)(3)(4)		1,888,020
	506,041	TJX Cos., Inc.		38,691,895
				40,579,915
		Software & Services - 10.3%
	277,714	Accenture plc Class A		42,515,236
	156,231	Automatic Data Processing, Inc.		18,308,711
	665,820	Microsoft Corp.		56,954,243
	338,079	Visa, Inc. Class A		38,547,768
				156,325,958
		Transportation - 8.2%
	498,017	Canadian National Railway Co.		41,065,602
	319,512	Union Pacific Corp.		42,846,559
	349,365	United Parcel Service, Inc. Class B		41,626,840
				125,539,001
		Total Common Stocks (cost $1,136,201,720)	$	1,500,238,144
		Total Long-Term Investments (cost $1,136,201,720)	$	1,500,238,144
SHORT-TERM INVESTMENTS - 1.7%
		Other Investment Pools & Funds - 1.7%
	26,339,120	Fidelity Institutional Government Fund, Institutional Class, 1.16%(5)	$	26,339,120
		Total Short-Term Investments (cost $26,339,120)	$	26,339,120

Total Investments (cost $1,162,540,840)	100.3	%	$	1,526,577,264
Other Assets and Liabilities	(0.3	)%		(4,961,388	)
Total Net Assets	100.0	%	$	1,521,615,876

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

144

Hartford Stock HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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 will generally 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.

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.

* Non-income producing.

⁽¹⁾  Securities issued within terms of a private placement memorandum and exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold to qualified institutional buyers. Unless otherwise indicated, this holding is determined to be liquid. At December 31, 2017, the aggregate value of this security was $1,888,020, which represented 0.1% of total net assets.

⁽²⁾  This security has been identified as 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. The identification of illiquid securities is unaudited. At December 31, 2017, the aggregate value of these securities was $1,888,020, which represents 0.1% of total net assets.

⁽³⁾  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, 2017, the aggregate fair value of this security was $1,888,020, which represented 0.1% 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⁾  Investment valued using significant unobservable inputs.

⁽⁵⁾  Current yield as of period end.

^†  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.

145

Hartford Stock HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total		Level 1(1)		Level 2(1)		Level 3(1)
Assets
Common Stocks
Banks	$	37,976,984	$	37,976,984	$	—	$	—
Capital Goods		156,566,445		156,566,445		—		—
Consumer Durables & Apparel		83,528,837		83,528,837		—		—
Consumer Services		53,159,691		53,159,691		—		—
Diversified Financials		67,091,930		67,091,930		—		—
Energy		67,857,994		67,857,994		—		—
Food & Staples Retailing		79,289,793		79,289,793		—		—
Food, Beverage & Tobacco		116,699,341		77,335,070		39,364,271		—
Health Care Equipment & Services		139,113,988		139,113,988		—		—
Household & Personal Products		57,389,527		57,389,527		—		—
Insurance		78,889,163		78,889,163		—		—
Materials		61,424,805		61,424,805		—		—
Media		22,227,800		22,227,800		—		—
Pharmaceuticals, Biotechnology & Life Sciences		88,182,274		88,182,274		—		—
Real Estate		68,394,698		68,394,698		—		—
Retailing		40,579,915		38,691,895		—		1,888,020
Software & Services		156,325,958		156,325,958		—		—
Transportation		125,539,001		125,539,001		—		—
Short-Term Investments		26,339,120		26,339,120		—		—
Total	$	1,526,577,264	$	1,485,324,973	$	39,364,271	$	1,888,020

⁽¹⁾  For the year ended December 31, 2017, there were no transfers between any levels.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the year ended December 31, 2017 is not presented.

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

146

Hartford Total Return Bond HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 36.1%
			Asset-Backed - Automobile - 0.6%
	$	31,411	AmeriCredit Automobile Receivables Trust 2.72%, 09/09/2019	$	31,418
		1,571,645	CIG Automobile Receivables Trust 2.71%, 05/15/2023(1)		1,569,079
		2,625,000	Credit Acceptance Auto Loan Trust 2.65%, 06/15/2026(1)		2,633,626
			First Investors Auto Owner Trust
		990,400	1.67%, 11/16/2020(1)		989,966
		1,750,000	2.39%, 11/16/2020(1)		1,751,530
		2,217,065	Honor Automobile Trust Securitization 2.94%, 11/15/2019(1)		2,223,431
		440,086	Santander Drive Auto Receivables Trust 2.36%, 04/15/2020		440,244
		4,810,000	Westlake Automobile Receivables Trust 3.28%, 12/15/2022(1)		4,769,376
					14,408,670
			Asset-Backed - Finance & Insurance - 19.9%
		9,180,000	AMMC CLO Ltd. 3 mo. USD LIBOR + 1.250%, 2.62%, 07/25/2029(1)(2)		9,244,655
		9,215,000	Apex Credit CLO Ltd. 3 mo. USD LIBOR + 1.470%, 2.84%, 04/24/2029(1)(2)		9,258,347
		6,015,000	Apidos CLO 3 mo. USD LIBOR + 0.980%, 2.34%, 01/19/2025(1)(2)		6,037,508
		7,610,000	Atlas Senior Loan Fund Ltd. 3 mo. USD LIBOR + 1.250%, 2.61%, 10/15/2026(1)(2)		7,654,290
		6,700,000	Atrium 3 mo. USD LIBOR + 0.830%, 2.20%, 04/22/2027(1)(2)		6,696,623
		773,235	Atrium 3 mo. USD LIBOR + 0.950%, 2.31%, 07/16/2025(1)(2)		775,336
			Avery Point CLO Ltd.
		10,050,000	3 mo. USD LIBOR + 1.100%, 2.47%, 04/25/2026(1)(2)		10,077,748
		6,875,000	3 mo. USD LIBOR + 1.120%, 2.47%, 01/18/2025(1)(2)		6,894,167
			Babson CLO Ltd.
		2,330,000	3 mo. USD LIBOR + 1.150%, 2.51%, 07/20/2025(1)(2)		2,336,065
		1,716,000	3 mo. USD LIBOR + 1.320%, 2.68%, 01/15/2026(1)(2)		1,718,979
			Bayview Opportunity Master Fund Trust
		5,762,419	2.98%, 10/28/2032(1)(3)		5,745,704
		1,101,414	3.11%, 09/28/2032(1)(3)		1,099,206
		5,793,811	3.35%, 11/28/2032(1)(3)		5,782,869
		3,652,697	3.50%, 01/28/2055(1)(4)		3,703,075
		4,255,015	3.50%, 06/28/2057(1)(4)		4,314,076
		8,198,318	3.50%, 07/28/2057(1)(4)		8,357,823
		5,584,157	3.50%, 01/28/2058(1)(4)		5,696,817
		3,163,576	4.00%, 11/28/2053(1)(4)		3,258,271
		6,154,590	4.00%, 10/28/2064(1)(4)		6,336,881
		1,120,000	Benefit Street Partners CLO VI Ltd. 3 mo. USD LIBOR + 0.800%, 2.15%, 10/18/2029(1)(2)		1,119,436

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 36.1% - (continued)
			Asset-Backed - Finance & Insurance - 19.9% - (continued)
			BlueMountain CLO Ltd.
	$	7,375,000	3 mo. USD LIBOR + 1.010%, 2.37%, 04/15/2025(1)(2)	$	7,408,047
		7,995,000	3 mo. USD LIBOR + 1.260%, 2.64%, 04/30/2026(1)(2)		7,995,799
		988,417	Cal Funding Ltd. 3.47%, 10/25/2027(1)		985,214
		7,890,000	Carlyle Global Market Strategies CLO Ltd. 3 mo. USD LIBOR + 1.470%, 2.85%, 04/27/2027(1)(2)		7,889,172
		7,305,000	CBAM Ltd. 3 mo. USD LIBOR + 1.230%, 2.60%, 10/17/2029(1)(2)		7,328,361
			Cent CLO Ltd.
		9,320,000	3 mo. USD LIBOR + 1.100%, 2.47%, 01/25/2026(1)(2)		9,354,717
		6,240,000	3 mo. USD LIBOR + 1.210%, 2.59%, 07/27/2026(1)(2)		6,238,633
			CIFC Funding Ltd.
		775,527	3 mo. USD LIBOR + 0.850%, 2.21%, 07/16/2030(1)(2)		775,485
		8,960,000	3 mo. USD LIBOR + 1.200%, 2.65%, 05/24/2026(1)(2)		9,003,420
		6,935,000	3 mo. USD LIBOR + 1.500%, 2.86%, 07/22/2026(1)(2)		6,935,666
		1,455,000	Conn Funding L.P. 2.73%, 07/15/2020(1)		1,454,938
		2,130,000	Covenant Credit Partners CLO Ltd. 3 mo. USD LIBOR + 1.850%, 3.23%, 10/15/2029(1)(2)		2,150,192
		7,264,000	Dryden Senior Loan Fund 3 mo. USD LIBOR + 0.820%, 2.24%, 11/15/2028(1)(2)		7,260,310
			Dryden Senior Loan Fund
		6,710,000	3 mo. USD LIBOR + 1.430%, 2.79%, 07/15/2027(1)(2)		6,734,203
		7,852,000	3 mo. USD LIBOR + 1.430%, 2.79%, 10/15/2028(1)(2)		7,906,297
		1,407,243	Fieldstone Mortgage Investment Corp. 1 mo. USD LIBOR + 0.270%, 1.82%, 05/25/2036(2)		1,024,652
		3,267,261	First Franklin Mortgage Loan Trust 1 mo. USD LIBOR + 0.240%, 1.79%, 04/25/2036(2)		2,842,248
		681,728	GreatAmerica Leasing Receivables Funding LLC 1.72%, 04/22/2019(1)		681,154
		3,720,919	GSAMP Trust 1 mo. USD LIBOR + 0.090%, 1.64%, 01/25/2037(2)		2,365,710
		4,965,000	Highbridge Loan Management Ltd. 3 mo. USD LIBOR + 1.450%, 2.84%, 05/05/2027(1)(2)		4,966,931
		4,578,000	LCM Ltd. 3 mo. USD LIBOR + 1.210%, 2.52%, 07/20/2030(1)(2)		4,615,599
			Lendmark Funding Trust
		3,235,000	2.83%, 12/22/2025(1)		3,227,478
		4,590,000	3.26%, 04/21/2025(1)		4,610,438

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

147

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 36.1% - (continued)
			Asset-Backed - Finance & Insurance - 19.9% - (continued)
			Madison Park Funding Ltd.
	$	6,435,000	3 mo. USD LIBOR + 1.110%, 2.47%, 01/19/2025(1)(2)	$	6,432,896
		7,200,000	3 mo. USD LIBOR + 1.160%, 2.52%, 07/23/2029(1)(2)		7,208,287
		3,582,000	3 mo. USD LIBOR + 1.190%, 2.55%, 10/21/2030(1)(2)		3,600,694
		9,860,000	3 mo. USD LIBOR + 1.260%, 2.62%, 07/20/2026(1)(2)		9,963,136
			Magnetite Ltd.
		8,310,000	3 mo. USD LIBOR + 1.000%, 2.37%, 07/25/2026(1)(2)		8,309,360
		6,595,000	3 mo. USD LIBOR + 1.500%, 2.87%, 07/25/2026(1)(2)		6,623,161
		2,732,263	Marlette Funding Trust 2.36%, 12/15/2024(1)		2,729,728
		5,996,213	MFRA Trust 3.35%, 11/25/2047(1)(3)		5,986,609
			Nationstar HECM Loan Trust
		1,032,845	1.97%, 05/25/2027(1)		1,031,286
		1,887,493	2.04%, 09/25/2027(1)(4)		1,884,140
		289,987	2.24%, 06/25/2026(1)(4)		289,444
		560,000	2.94%, 05/25/2027(1)		561,094
			NRZ Advance Receivables Trust
		6,250,000	3.11%, 12/15/2050(1)		6,222,169
		5,421,000	3.21%, 02/15/2051(1)		5,426,078
		2,357,978	Oak Hill Advisors Residential Loan Trust 3.00%, 06/25/2057(1)(3)		2,354,581
		3,030,000	Oak Hill Credit Partners Ltd. 3 mo. USD LIBOR + 1.130%, 2.49%, 07/20/2026(1)(2)		3,045,011
		2,495,000	Oaktree EIF Ltd. 3 mo. USD LIBOR + 1.450%, 2.82%, 07/17/2029(1)(2)		2,536,018
		6,780,000	OCP CLO Ltd. 3 mo. USD LIBOR + 0.850%, 2.20%, 04/17/2027(1)(2)		6,780,163
		3,715,000	Octagon Investment Partners Ltd. 3 mo. USD LIBOR + 1.320%, 2.68%, 03/17/2030(1)(2)		3,761,649
			OneMain Financial Issuance Trust
		7,814,000	2.37%, 09/14/2032(1)		7,744,437
		9,270,000	4.10%, 03/20/2028(1)		9,389,753
		7,495,000	OZLM Ltd. 3 mo. USD LIBOR + 1.450%, 2.83%, 04/30/2027(1)(2)		7,517,133
		1,295,788	Pretium Mortgage Credit Management LLC 3.33%, 12/30/2032(1)(4)		1,292,559
		3,093,227	Prosper Marketplace Issuance Trust 2.36%, 11/15/2023(1)		3,094,315
		5,250,263	SBA Tower Trust 2.90%, 10/15/2044(1)(3)		5,262,879
		469,230	Securitized Asset Backed Receivables LLC Trust 1 mo. USD LIBOR + 0.090%, 1.64%, 07/25/2036(2)		238,777
		7,305,000	Shackleton CLO 3 mo. USD LIBOR + 1.160%, 2.51%, 07/17/2026(1)(2)		7,353,775

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 36.1% - (continued)
			Asset-Backed - Finance & Insurance - 19.9% - (continued)
			SoFi Consumer Loan Program LLC
	$	2,324,398	2.50%, 05/26/2026(1)	$	2,316,777
		1,170,288	2.77%, 05/25/2026(1)		1,170,713
		2,864,859	3.05%, 12/26/2025(1)		2,879,534
		2,637,384	3.09%, 10/27/2025(1)		2,679,157
		2,105,363	3.28%, 01/26/2026(1)		2,126,322
			Sound Point CLO Ltd.
		6,345,000	3 mo. USD LIBOR + 1.100%, 2.46%, 01/21/2026(1)(2)		6,344,143
		2,575,000	3 mo. USD LIBOR + 1.390%, 2.75%, 01/23/2029(1)(2)		2,584,988
		2,137,000	3 mo. USD LIBOR + 4.600%, 5.96%, 07/15/2025(1)(2)		2,130,760
			Springleaf Funding Trust
		8,130,000	2.68%, 07/15/2030(1)		8,060,917
		4,985,000	2.90%, 11/15/2029(1)		4,992,346
		5,340,000	SPS Servicer Advance Receivables Trust 2.75%, 11/15/2049(1)		5,333,327
		8,660,000	Symphony CLO Ltd. 3 mo. USD LIBOR + 1.280%, 2.64%, 07/14/2026(1)(2)		8,657,038
			Towd Point Mortgage Trust
		10,244,093	2.75%, 10/25/2056(1)(4)		10,230,947
		2,756,200	2.75%, 04/25/2057(1)(4)		2,754,118
		6,818,497	2.75%, 06/25/2057(1)(4)		6,790,166
		4,903,583	2.75%, 07/25/2057(1)(4)		4,895,624
		7,660,000	Treman Park CLO Ltd. 3 mo. USD LIBOR + 1.370%, 2.73%, 04/20/2027(1)(2)		7,719,235
		4,540,000	U.S. Residential Opportunity Fund Trust 3.35%, 11/27/2037(1)(3)		4,527,449
		1,971,592	VOLT LX LLC 3.25%, 04/25/2059(1)(3)		1,975,059
		1,687,914	VOLT LXII LLC 3.13%, 09/25/2047(1)(3)		1,687,592
		3,230,000	VOLT LXIII LLC 3.00%, 10/25/2047(1)(3)		3,232,064
		8,251,477	VOLT LXIV LLC 3.38%, 10/25/2047(1)(3)		8,247,441
			Voya CLO Ltd.
		7,550,000	3 mo. USD LIBOR + 0.900%, 2.33%, 01/18/2029(1)(2)		7,550,000
		2,670,000	3 mo. USD LIBOR + 1.250%, 2.73%, 01/18/2029(1)(2)		2,670,000
			Voya CLO Ltd.
		2,915,000	3 mo. USD LIBOR + 1.250%, 2.60%, 04/17/2030(1)(2)		2,931,767
		4,905,000	3 mo. USD LIBOR + 1.330%, 2.68%, 04/18/2026(1)(2)		4,903,028
		2,080,000	Wendys Funding LLC 3.88%, 03/15/2048(1)(5)		2,081,462
		10,785,000	York CLO Ltd. 3 mo. USD LIBOR + 1.630%, 2.73%, 01/20/2030(1)(2)		10,868,109
					478,841,755
			Asset-Backed - Home Equity - 1.9%
			GSAA Home Equity Trust
		6,605,637	1 mo. USD LIBOR + 0.080%, 1.63%, 02/25/2037(2)		3,585,626

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

148

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 36.1% - (continued)
			Asset-Backed - Home Equity - 1.9% - (continued)
			GSAA Home Equity Trust - (continued)
	$	3,940,507	1 mo. USD LIBOR + 0.100%, 1.65%, 03/25/2037(2)	$	2,067,656
		2,842,920	1 mo. USD LIBOR + 0.180%, 1.73%, 11/25/2036(2)		1,470,006
		127,165	1 mo. USD LIBOR + 0.240%, 1.79%, 11/25/2036(2)		78,510
		683,641	5.99%, 06/25/2036(4)		349,394
		275,948	Morgan Stanley Asset-Backed Securities Capital, Inc. Trust 1 mo. USD LIBOR + 0.150%, 1.70%, 06/25/2036(2)		246,541
		1,585,049	Morgan Stanley Mortgage Loan Trust 1 mo. USD LIBOR + 0.170%, 1.72%, 11/25/2036(2)		743,457
			New Residential Mortgage Loan Trust
		7,653,511	1 mo. USD LIBOR + 1.500%, 3.05%, 06/25/2057(1)(2)		7,840,547
		9,926,708	4.00%, 02/25/2057(1)(4)		10,221,828
		8,031,608	4.00%, 08/27/2057(1)(4)		8,242,187
		6,531,000	NRZ Advance Receivables Trust 2.58%, 10/15/2049(1)		6,468,629
			Soundview Home Loan Trust
		3,225,000	1 mo. USD LIBOR + 0.180%, 1.73%, 07/25/2037(2)		2,796,262
		435,000	1 mo. USD LIBOR + 0.250%, 1.80%, 11/25/2036(2)		380,548
					44,491,191
			Collateralized - Mortgage Obligations - 0.3%
		2,707,702	COLT Mortgage Loan Trust 2.61%, 05/27/2047(1)(4)		2,709,442
		5,150,000	Consumer Loan Underlying Bond Credit Trust 2.61%, 01/15/2024(1)		5,150,103
					7,859,545
			Commercial Mortgage-Backed Securities - 6.8%
		4,735,000	Banc of America Commercial Mortgage Trust 0.83%, 11/15/2054(4)(6)		300,268
			Banc of America Commercial Mortgage Trust
		40,081,379	0.76%, 11/15/2050(4)(6)		2,395,452
		2,370,000	3.12%, 09/15/2048(1)(4)		1,523,603
			BBCMS Mortgage Trust
		29,052,161	1.52%, 02/15/2050(4)(6)		3,000,391
		8,553,000	1 mo. USD LIBOR + 0.850%, 2.33%, 08/15/2036(1)(2)		8,560,993
		1,440,000	3.67%, 02/15/2050		1,501,726
		1,105,000	Bear Stearns Commercial Mortgage Securities Trust 5.11%, 10/12/2042(4)		1,005,334
			CFCRE Commercial Mortgage Trust
		1,145,000	3.57%, 06/15/2050		1,169,638
		1,000,000	3.84%, 12/10/2054		1,044,022
			Citigroup Commercial Mortgage Trust
		24,025,258	1.05%, 07/10/2047(4)(6)		1,267,200
		27,111,634	1.15%, 04/10/2048(4)(6)		1,567,359
		975,000	3.62%, 02/10/2049		1,009,561
		1,040,000	3.76%, 06/10/2048		1,091,258
		970,000	3.82%, 11/10/2048		1,018,232

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 36.1% - (continued)
			Commercial Mortgage-Backed Securities - 6.8% - (continued)
			Commercial Mortgage Pass-Through Certificates
	$	9,785,415	0.80%, 02/10/2047(4)(6)	$	260,809
		535,000	4.24%, 02/10/2047(4)		572,204
		1,920,000	4.75%, 10/15/2045(1)(4)		1,246,541
		970,000	Commercial Mortgage Trust 2.82%, 10/15/2045		971,648
			Commercial Mortgage Trust
		4,863,974	0.89%, 08/10/2046(4)(6)		147,491
		7,004,743	1.92%, 07/10/2046(1)(4)(6)		274,321
		1,035,000	2.54%, 12/10/2045		1,024,995
		1,670,000	2.85%, 10/15/2045		1,676,252
		1,145,000	3.10%, 03/10/2046		1,160,660
		930,000	3.21%, 03/10/2046		948,866
		1,760,000	3.35%, 02/10/2048		1,791,821
		6,780,000	3.42%, 03/10/2031(1)		7,032,217
		1,260,000	3.61%, 06/10/2046(4)		1,308,268
		705,000	3.62%, 07/10/2050		730,248
		2,120,000	3.69%, 08/10/2047		2,209,011
		1,490,000	3.77%, 02/10/2049		1,560,484
		1,150,133	3.80%, 08/10/2047		1,206,532
		1,485,000	3.83%, 07/15/2047		1,560,388
		1,140,000	3.90%, 07/10/2050		1,200,974
		575,125	3.96%, 03/10/2047		606,629
		1,350,000	4.02%, 07/10/2045		1,425,279
		630,000	4.07%, 02/10/2047(4)		669,015
		1,045,000	4.21%, 08/10/2046(4)		1,115,896
		615,085	4.23%, 07/10/2045(4)		658,842
		720,000	4.58%, 10/15/2045(1)(4)		334,814
		836,192	Credit Suisse First Boston Mortgage Securities Corp. 4.88%, 04/15/2037		820,796
			CSAIL Commercial Mortgage Trust
		64,140,221	0.85%, 06/15/2057(4)(6)		2,886,990
		3,888,177	1.05%, 11/15/2048(4)(6)		215,682
		11,482,549	1.81%, 01/15/2049(4)(6)		1,199,694
		470,000	3.45%, 08/15/2048		480,537
		790,000	3.50%, 11/15/2049		809,386
		545,000	3.54%, 11/15/2048		562,804
		550,000	3.72%, 08/15/2048		572,076
		83,000	3.76%, 11/15/2048		86,570
		980,000	3.81%, 11/15/2048		1,024,523
		7,689,499	DBUBS Mortgage Trust 0.73%, 11/10/2046(1)(4)(6)		123,767
		3,098,605	Four Times Square Trust Commercial Mortgage Pass-Through Certificates 5.40%, 12/13/2028(1)		3,322,438
			FREMF Mortgage Trust
		3,920,000	3.68%, 11/25/2049(1)(4)		3,880,200
		4,495,000	3.75%, 11/25/2050(1)(4)		4,378,696
			FREMF Mortgage Trust
		4,680,000	3.00%, 10/25/2047(1)(4)		4,693,809
		1,980,000	3.65%, 09/25/2024(1)(4)		2,002,334
		1,445,000	3.68%, 11/25/2049(1)(4)		1,374,208
		2,580,000	3.73%, 10/25/2049(1)(4)		2,517,921
		1,435,000	3.84%, 08/25/2027(1)(4)		1,424,954
		1,625,000	3.88%, 02/25/2024(1)(4)		1,654,104
		1,340,000	3.94%, 09/25/2049(1)(4)		1,373,418
		2,850,000	3.97%, 07/25/2049(1)(4)		2,886,346
		1,200,000	3.98%, 03/25/2027(1)(4)		1,213,472
		2,226,000	4.03%, 07/25/2027(1)(4)		2,276,519

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

149

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 36.1% - (continued)
			Commercial Mortgage-Backed Securities - 6.8% - (continued)
			FREMF Mortgage Trust - (continued)
	$	2,535,000	4.07%, 05/25/2027(1)(4)	$	2,604,891
		5,485,000	5.28%, 09/25/2043(1)(4)		5,800,345
		1,485,827	GE Business Loan Trust 1 mo. USD LIBOR + 1.000%, 2.48%, 05/15/2034(1)(2)		1,381,150
		4,340,000	GS Mortgage Securities Corp. 2.95%, 11/05/2034(1)		4,324,906
		1,165,000	GS Mortgage Securities Trust 3.67%, 03/10/2050		1,219,240
			GS Mortgage Securities Trust
		47,304,089	0.11%, 07/10/2046(4)(6)		217,802
		6,722,099	1.35%, 08/10/2044(1)(4)(6)		261,543
		1,580,166	3.67%, 04/10/2047(1)		590,303
		785,121	4.07%, 01/10/2047		833,311
		2,215,000	4.86%, 04/10/2047(1)(4)		1,465,941
			JP Morgan Chase Commercial Mortgage Securities Trust
		2,185,000	2.73%, 10/15/2045(1)(4)		968,982
		1,997,014	1 mo. USD LIBOR + 1.500%, 2.94%, 02/12/2051(2)		1,985,423
		1,290,924	4.37%, 12/15/2047(1)(4)		1,026,064
		1,135,000	JPMBB Commercial Mortgage Securities Trust 3.36%, 07/15/2045		1,168,413
			JPMBB Commercial Mortgage Securities Trust
		29,177,750	0.83%, 09/15/2047(4)(6)		884,751
		8,186,314	0.93%, 05/15/2048(4)(6)		285,161
		825,000	2.91%, 10/15/2048		819,929
		810,060	3.61%, 05/15/2048		839,179
		615,224	LB-UBS Commercial Mortgage Trust 6.32%, 04/15/2041(4)		616,270
		104,333	Lehman Brothers Small Balance Commercial Mortgage Trust 5.52%, 09/25/2030(1)(4)		103,239
			Morgan Stanley Bank of America Merrill Lynch Trust
		1,596,406	1.11%, 10/15/2048(4)(6)		100,717
		15,965,628	1.13%, 12/15/2047(4)(6)		754,960
		1,530,000	3.13%, 12/15/2048		1,556,732
		1,320,000	3.18%, 08/15/2045		1,344,812
		795,172	4.26%, 10/15/2046(4)		851,094
		695,000	4.50%, 08/15/2045(1)		499,432
			Morgan Stanley Capital Trust
		35,688,424	0.40%, 09/15/2047(1)(4)(6)		325,382
		8,291,651	1.46%, 06/15/2050(4)(6)		785,187
		625,000	2.78%, 08/15/2049		609,299
		590,000	3.34%, 12/15/2049		600,741
		4,920,000	3.47%, 08/11/2033(1)		5,036,864
		770,000	3.60%, 12/15/2049		798,110
		1,460,000	5.16%, 07/15/2049(1)(4)		1,270,290
		920,000	5.33%, 10/12/2052(1)(4)		411,520
		790,000	SFAVE Commercial Mortgage Securities Trust 3.87%, 01/05/2043(1)(4)		794,347
		4,968,102	UBS Commercial Mortgage Trust 1.16%, 08/15/2050(4)(6)		402,491

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 36.1% - (continued)
			Commercial Mortgage-Backed Securities - 6.8% - (continued)
			UBS-Barclays Commercial Mortgage Trust
	$	2,295,000	3.09%, 08/10/2049	$	2,331,840
		2,065,000	3.19%, 03/10/2046		2,102,271
		775,000	3.24%, 04/10/2046		789,922
			Wells Fargo Commercial Mortgage Trust
		21,396,678	1.18%, 05/15/2048(4)(6)		1,217,584
		1,174,109	2.92%, 10/15/2045		1,183,349
		419,000	2.92%, 11/15/2049		413,230
		345,000	2.94%, 10/15/2049		340,782
		805,000	3.29%, 05/15/2048		820,242
		440,000	3.41%, 12/15/2047		450,625
		775,000	3.45%, 07/15/2050		792,411
		790,000	3.56%, 01/15/2059		816,143
		1,145,000	3.62%, 09/15/2057		1,188,379
		430,000	4.10%, 05/15/2048(4)		381,983
			WF-RBS Commercial Mortgage Trust
		255,115	2.88%, 12/15/2045		256,079
		1,150,000	3.07%, 03/15/2045		1,166,756
		450,000	3.35%, 05/15/2045		454,625
		1,015,000	3.61%, 11/15/2047		1,051,686
		990,000	3.72%, 05/15/2047		1,033,114
		925,000	4.00%, 05/15/2047		979,514
		230,000	4.05%, 03/15/2047		243,964
		755,286	4.10%, 03/15/2047		803,418
		710,000	5.00%, 06/15/2044(1)(4)		515,475
		1,045,000	5.58%, 04/15/2045(1)(4)		1,029,744
					163,832,443
			Whole Loan Collateral CMO - 6.6%
			Alternative Loan Trust
		1,338,582	1 mo. USD LIBOR + 0.320%, 1.65%, 11/25/2035(2)		1,207,893
		269,119	1 mo. USD LIBOR + 0.270%, 1.82%, 01/25/2036(2)		255,249
		1,248,464	5.75%, 05/25/2036		985,819
			Angel Oak Mortgage Trust LLC
		3,125,180	2.48%, 07/25/2047(1)(4)		3,097,543
		2,732,929	2.71%, 11/25/2047(1)(4)		2,714,440
		985,131	2.81%, 01/25/2047(1)(4)		978,326
			Banc of America Funding Trust
		1,862,320	1 mo. USD LIBOR + 0.300%, 1.80%, 05/20/2047(2)		1,705,142
		5,140,109	5.77%, 05/25/2037(4)		5,114,565
		192,204	5.85%, 01/25/2037(3)		175,904
		1,174,513	BCAP LLC Trust 1 mo. USD LIBOR + 0.180%, 1.73%, 03/25/2037(2)		1,120,601
		611,237	Bear Stearns Adjustable Rate Mortgage Trust 1 year CMT + 2.300%, 3.52%, 10/25/2035(2)		622,375
		1,543,436	Bear Stearns Alt-A Trust 1 mo. USD LIBOR + 0.500%, 2.05%, 01/25/2036(2)		1,591,315
		521,964	Bear Stearns Mortgage Funding Trust 1 mo. USD LIBOR + 0.180%, 1.73%, 10/25/2036(2)		511,898
			CHL Mortgage Pass-Through Trust
		651,863	3.28%, 11/20/2035(4)		592,101
		3,449,809	3.48%, 09/25/2047(4)		3,220,903

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

150

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 36.1% - (continued)
			Whole Loan Collateral CMO - 6.6% - (continued)
	$	7,806,283	CIM Trust 3.00%, 04/25/2057(1)(4)	$	7,830,403
		2,504,813	Credit Suisse First Boston Mortgage Securities Corp. 5.50%, 06/25/2035		2,455,506
		2,853,173	CSMC Trust 3.25%, 04/25/2047(1)(4)		2,885,271
			Deephaven Residential Mortgage Trust
		2,507,052	2.45%, 06/25/2047(1)(4)		2,479,128
		3,202,856	2.58%, 10/25/2047(1)(4)		3,202,657
		1,576,236	2.73%, 12/26/2046(1)(4)		1,568,237
			Fannie Mae Connecticut Avenue Securities
		2,025,000	1 mo. USD LIBOR + 3.550%, 5.10%, 07/25/2029(2)		2,200,634
		4,065,143	1 mo. USD LIBOR + 4.350%, 5.90%, 05/25/2029(2)		4,506,254
		1,530,296	1 mo. USD LIBOR + 4.900%, 6.45%, 11/25/2024(2)		1,750,902
		861,099	1 mo. USD LIBOR + 5.700%, 7.25%, 04/25/2028(2)		990,463
		616,000	1 mo. USD LIBOR + 6.000%, 7.55%, 09/25/2028(2)		731,246
		43,041	GMACM Mortgage Loan Trust 3.84%, 04/19/2036(4)		40,424
			GSR Mortgage Loan Trust
		1,507,808	1 mo. USD LIBOR + 0.300%, 1.85%, 01/25/2037(2)		862,472
		3,027,077	3.64%, 01/25/2036(4)		3,029,739
			HarborView Mortgage Loan Trust
		1,282,858	1 mo. USD LIBOR + 0.190%, 1.69%, 01/19/2038(2)		1,205,887
		4,795,739	1 mo. USD LIBOR + 0.240%, 1.74%, 12/19/2036(2)		4,204,549
		1,510,955	IndyMac Index Mortgage Loan Trust 3.32%, 03/25/2036(4)		1,356,719
		410,741	JP Morgan Mortgage Trust 3.64%, 04/25/2037(4)		399,704
		1,650,548	Lehman XS Trust 1 mo. USD LIBOR + 0.210%, 1.76%, 07/25/2046(2)		1,568,016
			LSTAR Securities Investment Ltd.
		3,338,719	3 mo. USD LIBOR + 1.650%, 3.22%, 11/01/2022(1)(2)		3,322,619
		2,431,497	1 mo. USD LIBOR + 1.750%, 3.32%, 09/01/2022(1)(2)		2,431,575
		5,995,113	1 mo. USD LIBOR + 1.750%, 3.32%, 10/01/2022(1)(2)		5,967,625
		882,071	1 mo. USD LIBOR + 2.000%, 3.57%, 04/01/2022(1)(2)		883,081
		3,116,639	LSTAR Securities Investment Trust 1 mo. USD LIBOR + 2.000%, 3.57%, 02/01/2022(1)(2)		3,120,092
		1,020,345	Luminent Mortgage Trust 1 mo. USD LIBOR + 0.260%, 1.81%, 11/25/2035(2)		987,120
		757,409	MASTR Adjustable Rate Mortgages Trust 3.47%, 11/21/2034(4)		775,909
		2,005,115	MFA Trust 2.59%, 02/25/2057(1)(4)		1,981,295
			New Residential Mortgage Loan Trust
		5,753,493	3.75%, 11/26/2035(1)(4)		5,881,652

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 36.1% - (continued)
			Whole Loan Collateral CMO - 6.6% - (continued)
			New Residential Mortgage Loan Trust - (continued)
	$	5,102,942	3.75%, 11/25/2056(1)(4)	$	5,214,139
		9,672,770	4.00%, 03/25/2057(1)(4)		9,997,831
		7,661,796	4.00%, 04/25/2057(1)(4)		7,890,065
		6,437,857	4.00%, 05/25/2057(1)(4)		6,636,237
		1,825,200	RBSGC Mortgage Loan Trust 6.25%, 01/25/2037		1,800,410
			Residential Accredit Loans, Inc.
		4,049,796	2.39%, 11/25/2037(4)		3,520,331
		1,016,649	6.00%, 12/25/2035		990,090
		534,956	Sequoia Mortgage Trust 3.53%, 07/20/2037(4)		515,016
			Towd Point Mortgage Trust
		7,382,202	1 mo. USD LIBOR + 0.600%, 2.15%, 02/25/2057(1)(2)		7,355,035
		4,893,847	2.25%, 04/25/2056(1)(4)		4,847,059
		1,200,345	2.75%, 02/25/2055(1)(4)		1,200,632
		4,041,545	2.75%, 08/25/2055(1)(4)		4,040,375
		977,206	3.00%, 03/25/2054(1)(4)		981,435
			WaMu Mortgage Pass-Through Certificates Trust
		4,173,313	12 mo. MTA + 0.820%, 1.82%, 12/25/2046(2)		3,765,959
		907,121	1 mo. USD LIBOR + 0.420%, 1.97%, 06/25/2044(2)		879,389
		1,591,265	3.11%, 06/25/2037(4)		1,496,789
			Wells Fargo Commercial Mortgage Trust
		46,162,242	1.17%, 09/15/2057(4)(6)		2,532,724
		1,915,000	2.88%, 05/15/2048(1)(4)		1,227,474
		1,015,000	3.84%, 09/15/2058		1,068,577
					158,472,820
			Total Asset & Commercial Mortgage Backed Securities (cost $865,577,482)	$	867,906,424
CORPORATE BONDS - 25.2%
			Aerospace/Defense - 0.1%
			DAE Funding LLC
		75,000	4.50%, 08/01/2022(1)	$	73,687
		80,000	5.00%, 08/01/2024(1)		79,000
		1,942,000	Lockheed Martin Corp. 4.09%, 09/15/2052		2,032,898
					2,185,585
			Agriculture - 0.8%
		945,000	Altria Group, Inc. 3.88%, 09/16/2046		937,734
			BAT Capital Corp.
		2,175,000	2.30%, 08/14/2020(1)		2,163,036
		2,200,000	4.39%, 08/15/2037(1)		2,310,226
		2,010,000	BAT International Finance plc 2.75%, 06/15/2020(1)		2,019,831
			Imperial Brands Finance plc
		1,420,000	2.05%, 07/20/2018(1)		1,418,720
		1,950,000	2.95%, 07/21/2020(1)		1,968,825
		1,300,000	3.75%, 07/21/2022(1)		1,343,422
		3,730,000	Philip Morris International, Inc. 3.13%, 08/17/2027		3,722,514
		2,640,000	Reynolds American, Inc. 3.25%, 06/12/2020		2,682,491
					18,566,799

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

151

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 25.2% - (continued)
			Airlines - 0.1%
	$	1,425,000	Delta Air Lines, Inc. 3.63%, 03/15/2022	$	1,449,621
			Auto Manufacturers - 0.6%
	EUR	1,245,000	BMW Finance N.V. 3.63%, 01/29/2018		1,497,974
	CAD	375,000	Daimler Canada Finance, Inc. 2.27%, 03/26/2018		298,798
	$	1,710,000	Ford Motor Co. 5.29%, 12/08/2046		1,860,837
			General Motors Co.
		2,220,000	5.40%, 04/01/2048		2,421,428
		1,000,000	6.25%, 10/02/2043		1,184,469
		1,635,000	6.75%, 04/01/2046		2,058,579
			General Motors Financial Co., Inc.
		500,000	3.70%, 05/09/2023		509,962
		1,760,000	3.95%, 04/13/2024		1,811,902
	EUR	830,000	General Motors Financial International B.V. 0.85%, 02/23/2018(7)		997,303
	AUD	250,000	Mercedes-Benz Australia/Pacific Pty Ltd. 2.75%, 01/16/2018		195,121
		620,000	Toyota Motor Finance Netherlands B.V. 3.74%, 01/24/2018(7)		484,237
					13,320,610
			Auto Parts & Equipment - 0.1%
	$	245,000	Adient Global Holdings Ltd. 4.88%, 08/15/2026(1)		251,737
		2,540,000	Lear Corp. 3.80%, 09/15/2027		2,542,183
					2,793,920
			Beverages - 0.5%
			Anheuser-Busch InBev Finance, Inc.
	CAD	1,384,000	2.38%, 01/25/2018		1,101,453
	$	3,090,000	3.30%, 02/01/2023		3,161,976
		125,000	3.65%, 02/01/2026		128,997
		415,000	4.70%, 02/01/2036		464,032
		795,000	4.90%, 02/01/2046		921,396
		2,220,000	Anheuser-Busch InBev Worldwide, Inc. 3.75%, 07/15/2042		2,159,100
			Constellation Brands, Inc.
		2,295,000	2.65%, 11/07/2022		2,270,595
		380,000	2.70%, 05/09/2022		378,140
		245,000	4.50%, 05/09/2047		268,735
					10,854,424
			Biotechnology - 0.2%
		1,815,000	Amgen, Inc. 2.65%, 05/11/2022		1,810,116
		1,065,000	Celgene Corp. 4.63%, 05/15/2044		1,136,274
			Gilead Sciences, Inc.
		615,000	2.50%, 09/01/2023		607,142
		835,000	3.25%, 09/01/2022		859,399
					4,412,931
			Chemicals - 0.1%
			Methanex Corp.
		1,590,000	4.25%, 12/01/2024		1,607,373
		355,000	5.65%, 12/01/2044		368,892

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 25.2% - (continued)
			Chemicals - 0.1% - (continued)
	$	875,000	Sherwin-Williams Co. 3.13%, 06/01/2024	$	879,824
		265,000	Versum Materials, Inc. 5.50%, 09/30/2024(1)		283,550
					3,139,639
			Commercial Banks - 8.6%
	EUR	350,000	Achmea Bank N.V. 2.00%, 01/23/2018		420,450
			Banco Bilbao Vizcaya Argentaria S.A.
	$	3,600,000	5 year EUR Swap + 3.870%, 6.13%, 11/16/2027(2)(8)		3,712,500
	EUR	1,200,000	5 year EUR Swap + 6.155%, 7.00%, 02/19/2019(2)(7)(8)		1,513,017
		600,000	5 year EUR Swap + 9.177%, 8.88%, 04/14/2021(2)(7)(8)		853,093
	$	200,000	5 year USD Swap + 8.262%, 9.00%, 05/09/2018(2)(7)(8)		204,500
	EUR	2,600,000	Banco de Sabadell S.A. 5 year EUR Swap + 6.414%, 6.50%, 05/18/2022(2)(7)(8)		3,268,351
	$	3,600,000	Banco Santander S.A. 3.80%, 02/23/2028		3,600,504
			Bank of America Corp.
		3,075,000	2.50%, 10/21/2022		3,042,286
		985,000	3 mo. USD LIBOR + 1.070%, 2.73%, 03/22/2018(2)		986,856
		6,260,000	3 mo. USD LIBOR + 1.160%, 3.12%, 01/20/2023(2)		6,350,164
		4,620,000	3 mo. USD LIBOR + 1.512%, 3.71%, 04/24/2028(2)		4,741,940
		1,020,000	4.00%, 01/22/2025		1,061,169
		40,000	4.18%, 11/25/2027		41,771
		2,285,000	4.20%, 08/26/2024		2,406,267
		3,345,000	7.75%, 05/14/2038		5,012,101
	EUR	525,000	Barclays Bank plc 6.00%, 01/23/2018		632,031
	$	1,450,000	Barclays plc 5 year USD Swap + 6.772%, 7.88%, 03/15/2022(2)(7)(8)		1,589,563
			BNP Paribas S.A.
		1,065,000	2.95%, 05/23/2022(1)		1,067,317
		1,505,000	5 year USD Swap + 2.838%, 5.13%, 11/15/2027(1)(2)(8)		1,505,000
		1,940,000	5 year USD Swap + 6.314%, 7.63%, 03/30/2021(1)(2)(8)		2,134,000
		1,245,000	BPCE S.A. 3.00%, 05/22/2022(1)		1,244,310
	EUR	400,000	Caixa Geral de Depositos S.A. 5 year EUR Swap + 10.925%, 10.75%, 03/30/2022(2)(7)(8)		552,555
		1,200,000	CaixaBank S.A. 5 year EUR Swap + 6.498%, 6.75%, 06/13/2024(2)(7)(8)		1,597,609
			Citigroup, Inc.
		510,000	1.75%, 01/29/2018(7)		612,836
	$	1,025,000	2.50%, 09/26/2018		1,027,938
		2,960,000	3 mo. USD LIBOR + 1.100%, 2.52%, 05/17/2024(2)		3,005,532
		2,675,000	2.70%, 03/30/2021		2,683,125
		1,300,000	2.70%, 10/27/2022		1,286,111

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

152

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 25.2% - (continued)
			Commercial Banks - 8.6% - (continued)
			Citigroup, Inc. - (continued)
	$	1,085,000	3 mo. USD LIBOR + 1.151%, 3.52%, 10/27/2028(2)	$	1,090,119
		5,320,000	4.45%, 09/29/2027		5,632,298
		486,000	4.65%, 07/30/2045		553,151
		5,250,000	Credit Agricole S.A. 5 year USD Swap + 6.185%, 8.13%, 12/23/2025(1)(2)(8)		6,295,863
		5,760,000	Credit Suisse Group AG 5 year USD Swap + 3.455%, 6.25%, 12/18/2024(1)(2)(8)		6,242,400
			Deutsche Bank AG
		3,185,000	2.70%, 07/13/2020		3,169,401
		1,800,000	3.30%, 11/16/2022		1,790,826
			Goldman Sachs Group, Inc.
		590,000	2.00%, 04/25/2019		588,221
		1,340,000	2.35%, 11/15/2021		1,319,685
		1,290,000	2.38%, 01/22/2018		1,290,264
		550,000	3 mo. USD LIBOR + 1.160%, 2.52%, 04/23/2020(2)		558,474
		2,720,000	2.88%, 02/25/2021		2,740,111
		2,235,000	3 mo. USD LIBOR + 0.821%, 2.88%, 10/31/2022(2)		2,228,595
		3,040,000	3 mo. USD LIBOR + 0.990%, 2.91%, 07/24/2023(2)		3,018,771
	CAD	410,000	3.38%, 02/01/2018		326,611
	$	4,430,000	3 mo. USD LIBOR + 1.510%, 3.69%, 06/05/2028(2)		4,494,048
		3,687,000	6.00%, 06/15/2020		3,986,443
		2,105,000	6.25%, 02/01/2041		2,836,695
		2,170,000	6.75%, 10/01/2037		2,904,856
			HSBC Holdings plc
		1,305,000	2.95%, 05/25/2021		1,313,968
		3,095,000	3.40%, 03/08/2021		3,163,391
		3,010,000	4.25%, 08/18/2025		3,121,450
		2,925,000	5 year USD ICE Swap + 3.746%, 6.00%, 05/22/2027(2)(8)		3,074,906
			Intesa Sanpaolo S.p.A.
		2,025,000	5 year USD Swap + 5.462%, 7.70%, 09/17/2025(1)(2)(8)		2,192,063
	EUR	525,000	5 year EUR Swap + 7.192%, 7.75%, 01/11/2027(2)(7)(8)		766,110
			JP Morgan Chase & Co.
	$	1,840,000	2.30%, 08/15/2021		1,823,522
		6,670,000	2.40%, 06/07/2021		6,634,192
		275,000	2.55%, 10/29/2020		275,809
		955,000	3 mo. USD LIBOR + 1.230%, 2.60%, 10/24/2023(2)		979,726
		2,890,000	2.70%, 05/18/2023		2,871,053
		2,665,000	3 mo. USD LIBOR + 1.155%, 3.22%, 03/01/2025(2)		2,685,780
		1,260,000	4.25%, 10/01/2027		1,339,193
			Morgan Stanley
		1,255,000	3 mo. USD LIBOR + 0.850%, 2.22%, 01/24/2019(2)		1,261,541
		3,220,000	2.50%, 04/21/2021		3,214,609
		3,240,000	2.75%, 05/19/2022		3,228,107
		370,000	3.13%, 07/27/2026		364,942
		5,935,000	3 mo. USD LIBOR + 1.340%, 3.59%, 07/22/2028(2)		5,989,624
		2,120,000	3.63%, 01/20/2027		2,169,723

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 25.2% - (continued)
			Commercial Banks - 8.6% - (continued)
			Morgan Stanley - (continued)
	$	2,110,000	3.95%, 04/23/2027	$	2,142,663
		3,275,000	4.00%, 07/23/2025		3,429,091
		4,900,000	Royal Bank of Canada 2.15%, 10/26/2020		4,868,361
		685,000	Royal Bank of Scotland Group plc 5 year USD Swap + 7.598%, 8.63%, 08/15/2021(2)(8)		771,481
		3,650,000	Santander Holdings USA, Inc. 3.70%, 03/28/2022(1)		3,693,924
		3,275,000	Societe Generale S.A. 5 year USD Swap + 6.238%, 7.38%, 09/13/2021(1)(2)(8)		3,549,445
		3,655,000	UBS AG 2.45%, 12/01/2020(1)		3,643,984
			UBS Group AG
		3,950,000	5 year USD ICE Swap + 5.497%, 6.88%, 03/22/2021(2)(7)(8)		4,230,450
		2,520,000	5 year USD Swap + 5.464%, 7.13%, 02/19/2020(2)(7)(8)		2,675,736
		3,045,000	UBS Group Funding Switzerland AG 2.65%, 02/01/2022(1)		3,010,520
			UniCredit S.p.A.
	EUR	575,000	5 year EUR Swap + 6.387%, 6.63%, 06/03/2023(2)(7)(8)		748,556
	$	400,000	5 year USD Swap + 5.180%, 8.00%, 06/03/2024(2)(7)(8)		437,758
			Wells Fargo & Co.
		1,795,000	2.63%, 07/22/2022		1,785,345
		1,655,000	3.00%, 04/22/2026		1,623,719
		1,200,000	3.00%, 10/23/2026		1,176,188
		4,800,000	3.07%, 01/24/2023		4,836,022
		4,485,000	3 mo. USD LIBOR + 1.310%, 3.58%, 05/22/2028(2)		4,572,265
		1,370,000	4.40%, 06/14/2046		1,444,858
		2,440,000	4.90%, 11/17/2045		2,761,552
		1,170,000	5.61%, 01/15/2044		1,442,488
					206,533,843
			Commercial Services - 0.3%
		6,128,000	Acwa Power Management And Investments One Ltd. 5.95%, 12/15/2039(1)		6,273,234
			Ashtead Capital, Inc.
		200,000	4.13%, 08/15/2025(1)		202,000
		200,000	4.38%, 08/15/2027(1)		203,000
		670,000	Cardtronics, Inc. 5.13%, 08/01/2022		636,500
		155,000	IHS Markit Ltd. 4.00%, 03/01/2026(1)		154,806
			United Rentals North America, Inc.
		470,000	4.63%, 07/15/2023		485,919
		400,000	5.50%, 07/15/2025		424,000
					8,379,459
			Construction Materials - 0.1%
		490,000	Eagle Materials, Inc. 4.50%, 08/01/2026		510,825
			Standard Industries, Inc.
		60,000	5.38%, 11/15/2024(1)		62,718
		930,000	6.00%, 10/15/2025(1)		992,775
					1,566,318

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

153

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 25.2% - (continued)
			Diversified Financial Services - 0.2%
	$	2,100,000	Cboe Global Markets, Inc. 3.65%, 01/12/2027	$	2,162,944
	AUD	210,000	GE Capital Australia Funding Pty Ltd. 4.50%, 01/30/2018		164,202
	$	1,800,000	Intercontinental Exchange, Inc. 2.75%, 12/01/2020		1,817,462
			Navient Corp.
		660,000	5.88%, 03/25/2021		681,450
		390,000	7.25%, 01/25/2022		417,788
					5,243,846
			Electric - 1.1%
			AES Corp.
		620,000	4.88%, 05/15/2023		631,625
		300,000	5.50%, 03/15/2024		312,000
		1,605,000	DTE Energy Co. 1.50%, 10/01/2019		1,579,541
		1,525,000	Duke Energy Carolinas LLC 4.25%, 12/15/2041		1,678,472
		3,180,000	Duke Energy Corp. 3.75%, 09/01/2046		3,144,737
		1,525,000	Duke Energy Florida LLC 3.40%, 10/01/2046		1,474,925
		1,495,000	Duke Energy Progress LLC 4.38%, 03/30/2044		1,698,931
		125,000	Emera U.S. Finance L.P. 4.75%, 06/15/2046		136,853
	EUR	795,000	Enel S.p.A. 4.88%, 02/20/2018		960,309
	$	3,000,000	Exelon Corp. 2.85%, 06/15/2020		3,027,973
			FirstEnergy Corp.
		2,415,000	3.90%, 07/15/2027		2,474,520
		510,000	4.25%, 03/15/2023		532,673
		645,000	Fortis, Inc. 2.10%, 10/04/2021		629,599
		1,590,000	IPALCO Enterprises, Inc. 3.70%, 09/01/2024(1)		1,588,556
			NextEra Energy Operating Partners L.P.
		30,000	4.25%, 09/15/2024(1)		30,525
		30,000	4.50%, 09/15/2027(1)		29,850
		565,000	Oncor Electric Delivery Co. LLC 7.00%, 09/01/2022		667,616
		2,760,000	Pacific Gas & Electric Co. 6.05%, 03/01/2034		3,478,817
			Southern Co.
		1,360,000	1.85%, 07/01/2019		1,351,772
		625,000	2.95%, 07/01/2023		625,306
					26,054,600
			Electronics - 0.1%
		1,375,000	Fortive Corp. 2.35%, 06/15/2021		1,362,969
			Engineering & Construction - 0.6%
		1,215,000	Mexico City Airport Trust 3.88%, 04/30/2028(1)		1,198,294
			SBA Tower Trust
		4,815,000	3.17%, 04/09/2047(1)		4,793,051
		7,645,000	3.60%, 04/09/2043(1)		7,641,439
					13,632,784

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 25.2% - (continued)
			Entertainment - 0.0%
			WMG Acquisition Corp.
	$	445,000	4.88%, 11/01/2024(1)	$	458,350
		260,000	5.00%, 08/01/2023(1)		269,100
					727,450
			Environmental Control - 0.0%
			Clean Harbors, Inc.
		40,000	5.13%, 06/01/2021		40,400
		274,000	5.25%, 08/01/2020		278,110
					318,510
			Food - 0.3%
		3,360,000	Danone S.A. 1.69%, 10/30/2019(1)		3,319,595
		985,000	Kraft Heinz Foods Co. 4.38%, 06/01/2046		975,691
		1,730,000	Sysco Corp. 2.50%, 07/15/2021		1,725,322
					6,020,608
			Gas - 0.0%
			AmeriGas Partners L.P. / AmeriGas Finance Corp.
		70,000	5.63%, 05/20/2024		72,800
		375,000	5.88%, 08/20/2026		386,250
					459,050
			Healthcare-Products - 0.3%
		4,645,000	Becton Dickinson and Co. 3.36%, 06/06/2024		4,657,977
		2,430,000	Thermo Fisher Scientific, Inc. 3.00%, 04/15/2023		2,444,983
					7,102,960
			Healthcare-Services - 0.5%
		855,000	Aetna, Inc. 2.80%, 06/15/2023		841,475
			Anthem, Inc.
		3,625,000	3.50%, 08/15/2024		3,695,828
		2,305,000	3.65%, 12/01/2027		2,349,550
		720,000	4.63%, 05/15/2042		784,446
			Community Health Systems, Inc.
		535,000	5.13%, 08/01/2021		481,500
		90,000	6.25%, 03/31/2023		81,000
		430,000	LifePoint Health, Inc. 5.88%, 12/01/2023		434,300
		280,000	Tenet Healthcare Corp. 6.00%, 10/01/2020		296,044
			UnitedHealth Group, Inc.
		2,255,000	3.75%, 07/15/2025		2,376,826
		370,000	4.25%, 04/15/2047		407,217
		670,000	4.75%, 07/15/2045		791,407
					12,539,593
			Home Builders - 0.0%
		280,000	Meritage Homes Corp. 6.00%, 06/01/2025		299,600
		575,000	Toll Brothers Finance Corp. 4.88%, 11/15/2025		600,875
					900,475

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

154

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 25.2% - (continued)
			Insurance - 0.2%
	$	1,335,000	American International Group, Inc. 4.70%, 07/10/2035	$	1,476,487
			CNO Financial Group, Inc.
		55,000	4.50%, 05/30/2020		56,650
		835,000	5.25%, 05/30/2025		880,925
			Genworth Holdings, Inc.
		20,000	4.80%, 02/15/2024		17,000
		380,000	4.90%, 08/15/2023		323,950
		15,000	7.63%, 09/24/2021		14,662
		338,000	Massachusetts Mutual Life Insurance Co. 8.88%, 06/01/2039(1)		560,123
		440,000	MGIC Investment Corp. 5.75%, 08/15/2023		481,250
	GBP	520,000	Prudential plc 1.38%, 01/19/2018(7)		702,163
	$	1,035,000	Willis North America, Inc. 3.60%, 05/15/2024		1,052,184
					5,565,394
			Internet - 0.4%
			Alibaba Group Holding Ltd.
		3,400,000	3.40%, 12/06/2027		3,399,142
		630,000	4.00%, 12/06/2037		651,957
		1,050,000	4.20%, 12/06/2047		1,093,246
			Amazon.com, Inc.
		1,170,000	1.90%, 08/21/2020(1)		1,160,410
		730,000	2.80%, 08/22/2024(1)		727,781
		2,885,000	3.88%, 08/22/2037(1)		3,061,271
					10,093,807
			Iron/Steel - 0.3%
		525,000	ArcelorMittal 6.13%, 06/01/2025		604,406
			Steel Dynamics, Inc.
		785,000	4.13%, 09/15/2025(1)		790,888
		275,000	5.50%, 10/01/2024		292,188
			Vale Overseas Ltd.
		3,310,000	6.25%, 08/10/2026		3,834,635
		405,000	6.88%, 11/10/2039		496,631
					6,018,748
			IT Services - 0.3%
			Apple, Inc.
		865,000	3.35%, 02/09/2027		886,083
		2,520,000	3.45%, 02/09/2045		2,459,339
		250,000	3.85%, 08/04/2046		260,542
		290,000	Dell International LLC / EMC Corp. 8.35%, 07/15/2046(1)		373,678
		3,125,000	Hewlett Packard Enterprise Co. 4.90%, 10/15/2025		3,299,178
		150,000	NCR Corp. 5.00%, 07/15/2022		152,625
					7,431,445
			Machinery - Construction & Mining - 0.0%
		365,000	Oshkosh Corp. 5.38%, 03/01/2025		387,356
			Machinery-Diversified - 0.0%
		435,000	CNH Industrial N.V. 4.50%, 08/15/2023		452,478

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 25.2% - (continued)
			Media - 1.7%
			21st Century Fox America, Inc.
	$	1,225,000	6.15%, 03/01/2037	$	1,604,313
		1,175,000	6.20%, 12/15/2034		1,517,334
		430,000	Altice U.S. Finance Corp. 5.50%, 05/15/2026(1)		438,063
			CCO Holdings LLC / CCO Holdings Capital Corp.
		40,000	5.13%, 02/15/2023		40,900
		145,000	5.75%, 02/15/2026(1)		150,619
			Charter Communications Operating LLC / Charter Communications Operating Capital
		7,620,000	4.20%, 03/15/2028		7,563,380
		3,420,000	6.48%, 10/23/2045		3,987,480
		195,000	Comcast Corp. 3.40%, 07/15/2046		184,500
			Cox Communications, Inc.
		3,425,000	3.15%, 08/15/2024(1)		3,373,229
		415,000	3.25%, 12/15/2022(1)		415,817
		45,000	3.85%, 02/01/2025(1)		46,049
		600,000	4.80%, 02/01/2035(1)		611,434
		430,000	CSC Holdings LLC 5.50%, 04/15/2027(1)		438,600
			Discovery Communications LLC
		1,590,000	3.80%, 03/13/2024		1,612,970
		895,000	4.90%, 03/11/2026		954,790
		555,000	DISH DBS Corp. 5.88%, 11/15/2024		540,431
		545,000	Liberty Interactive LLC 8.25%, 02/01/2030		591,325
		1,715,000	NBCUniversal Media LLC 5.95%, 04/01/2041		2,235,459
		1,057,000	Scripps Networks Interactive, Inc. 3.95%, 06/15/2025		1,071,701
		340,000	SFR Group S.A. 7.38%, 05/01/2026(1)		348,925
			TEGNA, Inc.
		55,000	5.13%, 07/15/2020		56,306
		520,000	5.50%, 09/15/2024(1)		545,350
		1,350,000	Time Warner Cable LLC 8.75%, 02/14/2019		1,439,407
		5,520,000	Time Warner Entertainment Co. L.P. 8.38%, 07/15/2033		7,594,959
			Time Warner, Inc.
		165,000	2.95%, 07/15/2026		156,059
		165,000	3.88%, 01/15/2026		166,574
			Viacom, Inc.
		2,495,000	4.25%, 09/01/2023		2,547,360
		875,000	4.38%, 03/15/2043		757,475
		65,000	3 mo. USD LIBOR + 3.895%, 5.88%, 02/28/2057(2)		63,944
		100,000	3 mo. USD LIBOR + 3.899%, 6.25%, 02/28/2057(2)		97,625
		550,000	Videotron Ltd. 5.38%, 06/15/2024(1)		592,625
					41,745,003
			Mining - 0.2%
			Anglo American Capital plc
		1,835,000	3.75%, 04/10/2022(1)		1,864,654
		1,805,000	4.13%, 09/27/2022(1)		1,865,762
		940,000	Corp. Nacional del Cobre de Chile 3.63%, 08/01/2027(1)		941,025

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

155

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 25.2% - (continued)
			Mining - 0.2% - (continued)
	$	560,000	Kaiser Aluminum Corp. 5.88%, 05/15/2024	$	595,000
					5,266,441
			Miscellaneous Manufacturing - 0.1%
	NZD	2,745,000	General Electric Co. 4.25%, 01/17/2018		1,946,744
			Office/Business Equipment - 0.2%
	$	2,845,000	Pitney Bowes, Inc. 4.70%, 04/01/2023		2,610,259
		3,245,000	Xerox Corp. 3.63%, 03/15/2023		3,165,555
					5,775,814
			Oil & Gas - 1.7%
			Anadarko Petroleum Corp.
		1,935,000	3.45%, 07/15/2024		1,926,993
		1,250,000	4.50%, 07/15/2044		1,245,642
		270,000	6.60%, 03/15/2046		347,295
		500,000	Andeavor 3.80%, 04/01/2028		501,195
		170,000	Apache Corp. 4.25%, 01/15/2044		164,692
			Canadian Natural Resources Ltd.
		475,000	3.85%, 06/01/2027		484,818
		1,235,000	6.25%, 03/15/2038		1,542,259
			Cenovus Energy, Inc.
		295,000	4.25%, 04/15/2027		294,289
		100,000	6.75%, 11/15/2039		119,748
		220,000	Concho Resources, Inc. 3.75%, 10/01/2027		222,872
			Continental Resources, Inc.
		35,000	3.80%, 06/01/2024		34,606
		3,310,000	4.38%, 01/15/2028(1)		3,267,632
		395,000	4.50%, 04/15/2023		402,900
		80,000	4.90%, 06/01/2044		76,400
		110,000	5.00%, 09/15/2022		111,650
		540,000	Devon Financing Co. LLC 7.88%, 09/30/2031		741,315
		1,335,000	EnCana Corp. 3.90%, 11/15/2021		1,372,044
			Hess Corp.
		1,505,000	4.30%, 04/01/2027		1,508,684
		515,000	5.60%, 02/15/2041		555,357
		1,370,000	6.00%, 01/15/2040		1,513,927
		2,425,000	Kerr-McGee Corp. 6.95%, 07/01/2024		2,858,535
			Marathon Oil Corp.
		1,005,000	2.70%, 06/01/2020		1,005,140
		610,000	2.80%, 11/01/2022		604,057
		1,325,000	4.40%, 07/15/2027		1,384,712
		245,000	MEG Energy Corp. 6.50%, 01/15/2025(1)		241,938
			Petroleos Mexicanos
		45,000	6.50%, 03/13/2027(1)		49,185
		2,730,000	6.63%, 06/15/2035		2,916,568
		3,630,000	6.75%, 09/21/2047(1)		3,789,176
		2,090,000	Pioneer Natural Resources Co. 7.50%, 01/15/2020		2,292,354
			QEP Resources, Inc.
		385,000	5.25%, 05/01/2023		389,566
		10,000	5.38%, 10/01/2022		10,225

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 25.2% - (continued)
			Oil & Gas - 1.7% - (continued)
	$	1,840,000	Shell International Finance B.V. 4.38%, 05/11/2045	$	2,068,846
		255,000	SM Energy Co. 6.13%, 11/15/2022		259,781
		2,415,000	Valero Energy Corp. 3.40%, 09/15/2026		2,424,818
			WPX Energy, Inc.
		190,000	5.25%, 09/15/2024		189,345
		265,000	6.00%, 01/15/2022		276,925
	ARS	93,580,252	YPF S.A. 16.50%, 05/09/2022(1)		4,732,523
					41,928,012
			Packaging & Containers - 0.0%
	$	555,000	Owens-Brockway Glass Container, Inc. 5.88%, 08/15/2023(1)		598,013
		295,000	Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 5.13%, 07/15/2023(1)		305,325
					903,338
			Pharmaceuticals - 0.9%
			Allergan Funding SCS
		1,460,000	3 mo. USD LIBOR + 1.080%, 2.63%, 03/12/2018(2)		1,462,132
		2,090,000	3.45%, 03/15/2022		2,123,553
		2,105,000	3.80%, 03/15/2025		2,142,988
		316,000	Baxalta, Inc. 3.60%, 06/23/2022		323,187
		6,145,000	Cardinal Health, Inc. 2.62%, 06/15/2022		6,042,308
			Mylan N.V.
		990,000	3.00%, 12/15/2018		995,294
		1,040,000	3.15%, 06/15/2021		1,045,806
		1,705,000	3.75%, 12/15/2020		1,742,266
		465,000	Quintiles IMS, Inc. 4.88%, 05/15/2023(1)		478,950
		2,440,000	Shire Acquisitions Investments Ireland DAC 2.40%, 09/23/2021		2,401,597
		2,150,000	Teva Pharmaceutical Finance Netherlands B.V. 2.80%, 07/21/2023		1,872,243
			Valeant Pharmaceuticals International, Inc.
		315,000	6.50%, 03/15/2022(1)		330,750
		140,000	7.00%, 03/15/2024(1)		149,800
					21,110,874
			Pipelines - 0.9%
			Andeavor Logistics L.P. / Tesoro Logistics Finance Corp.
		225,000	3.50%, 12/01/2022		224,573
		1,410,000	4.25%, 12/01/2027		1,422,102
		211,000	6.25%, 10/15/2022		223,865
			DCP Midstream Operating L.P.
		241,000	4.95%, 04/01/2022		250,339
		215,000	5.60%, 04/01/2044		213,387
		995,000	Enbridge, Inc. 3.70%, 07/15/2027		999,195
		527,000	Energy Transfer Equity L.P. 7.50%, 10/15/2020		579,700

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

156

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 25.2% - (continued)
			Pipelines - 0.9% - (continued)
			Energy Transfer L.P.
	$	455,000	4.05%, 03/15/2025	$	454,660
		175,000	5.95%, 10/01/2043		186,065
			Kinder Morgan, Inc.
		335,000	3.15%, 01/15/2023		332,960
		2,415,000	5.55%, 06/01/2045		2,642,962
			MPLX L.P.
		1,740,000	4.13%, 03/01/2027		1,782,175
		325,000	5.20%, 03/01/2047		356,664
		65,000	NGPL PipeCo LLC 4.88%, 08/15/2027(1)		67,437
			Phillips 66 Partners L.P.
		595,000	3.55%, 10/01/2026		589,716
		205,000	3.75%, 03/01/2028		205,094
		750,000	Plains All American Pipeline L.P. / PAA Finance Corp. 4.50%, 12/15/2026		760,275
		845,000	Sabine Pass Liquefaction LLC 4.20%, 03/15/2028		854,954
			Sunoco Logistics Partners Operations L.P.
		1,550,000	4.25%, 04/01/2024		1,580,187
		175,000	5.30%, 04/01/2044		172,707
		180,000	5.35%, 05/15/2045		178,868
		3,145,000	5.40%, 10/01/2047		3,166,239
		2,080,000	Texas Eastern Transmission L.P. 2.80%, 10/15/2022(1)		2,066,701
			Williams Cos., Inc.
		385,000	3.70%, 01/15/2023		383,075
		70,000	4.55%, 06/24/2024		72,625
		65,000	7.88%, 09/01/2021		75,075
			Williams Partners L.P.
		1,125,000	4.00%, 11/15/2021		1,163,431
		1,140,000	4.30%, 03/04/2024		1,193,983
					22,199,014
			Real Estate Investment Trusts - 0.1%
			Crown Castle International Corp.
		600,000	3.20%, 09/01/2024		593,779
		340,000	3.40%, 02/15/2021		347,221
		650,000	Equinix, Inc. 5.88%, 01/15/2026		697,937
		95,856	VICI Properties LLC / VICI FC, Inc. 8.00%, 10/15/2023		107,100
					1,746,037
			Retail - 0.4%
			CVS Health Corp.
		4,043,000	2.80%, 07/20/2020		4,059,842
		883,000	3.88%, 07/20/2025		909,374
		1,690,000	5.13%, 07/20/2045		1,936,899
		1,810,000	Home Depot, Inc. 3.50%, 09/15/2056		1,741,192
		70,000	Lithia Motors, Inc. 5.25%, 08/01/2025(1)		72,975
		270,000	Lowe’s Cos., Inc. 3.70%, 04/15/2046		271,105
		315,000	Suburban Propane Partners L.P. / Suburban Energy Finance Corp. 5.88%, 03/01/2027		307,913
					9,299,300

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 25.2% - (continued)
			Semiconductors - 0.5%
			Broadcom Corp. / Broadcom Cayman Finance Ltd.
	$	6,585,000	3.00%, 01/15/2022(1)	$	6,529,223
		2,305,000	3.63%, 01/15/2024(1)		2,292,057
		1,115,000	Intel Corp. 4.10%, 05/19/2046		1,229,537
		1,895,000	Lam Research Corp. 2.80%, 06/15/2021		1,906,893
		525,000	Sensata Technologies B.V. 5.00%, 10/01/2025(1)		555,187
		310,000	Sensata Technologies UK Financing Co. plc 6.25%, 02/15/2026(1)		337,125
					12,850,022
			Software - 0.4%
			First Data Corp.
		100,000	5.00%, 01/15/2024(1)		102,875
		480,000	5.38%, 08/15/2023(1)		499,632
			Microsoft Corp.
		900,000	3.30%, 02/06/2027		928,351
		1,620,000	3.70%, 08/08/2046		1,688,868
		1,795,000	3.95%, 08/08/2056		1,915,969
		465,000	MSCI, Inc. 5.75%, 08/15/2025(1)		499,294
			Open Text Corp.
		350,000	5.63%, 01/15/2023(1)		364,437
		50,000	5.88%, 06/01/2026(1)		53,875
			Oracle Corp.
		2,620,000	2.95%, 11/15/2024		2,638,775
		945,000	4.00%, 11/15/2047		1,006,315
					9,698,391
			Telecommunications - 2.0%
		345,000	Altice Financing S.A. 6.63%, 02/15/2023(1)		361,249
			AT&T, Inc.
		3,805,000	3.40%, 08/14/2024		3,824,536
		4,895,000	3.90%, 08/14/2027		4,927,707
		120,000	4.13%, 02/17/2026		122,743
		4,889,000	4.30%, 02/15/2030(1)		4,875,334
		945,000	4.50%, 05/15/2035		939,392
		3,640,000	4.75%, 05/15/2046		3,560,091
		5,525,000	5.15%, 02/14/2050		5,593,865
		205,000	5.80%, 02/15/2019		212,736
		7,400,000	GTP Acquisition Partners LLC 3.48%, 06/15/2050(1)		7,343,982
			Nokia Oyj
		1,935,000	4.38%, 06/12/2027		1,912,747
		575,000	6.63%, 05/15/2039		635,375
		420,000	Sprint Communications, Inc. 7.00%, 03/01/2020(1)		449,400
		425,000	Sprint Corp. 7.13%, 06/15/2024		432,437
		1,162,500	Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 3.36%, 03/20/2023(1)		1,169,766
			Telecom Italia Capital S.A.
		265,000	6.00%, 09/30/2034		297,463
		160,000	7.72%, 06/04/2038		206,400

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

157

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 25.2% - (continued)
			Telecommunications - 2.0% - (continued)
			Verizon Communications, Inc.
	$	3,353,000	4.27%, 01/15/2036	$	3,335,571
		3,185,000	4.40%, 11/01/2034		3,245,640
		1,280,000	4.50%, 08/10/2033		1,342,502
		1,645,000	4.52%, 09/15/2048		1,619,746
		100,000	4.81%, 03/15/2039		104,621
		1,715,000	4.86%, 08/21/2046		1,786,384
					48,299,687
			Transportation - 0.3%
		620,000	Canadian Pacific Railway Co. 9.45%, 08/01/2021		753,119
		2,980,000	CSX Corp. 3.25%, 06/01/2027		2,977,091
			FedEx Corp.
		1,650,000	4.55%, 04/01/2046		1,812,048
		395,000	4.75%, 11/15/2045		442,313
		1,735,000	Norfolk Southern Corp. 2.90%, 06/15/2026		1,706,617
					7,691,188
			Total Corporate Bonds (cost $594,163,314)	$	607,975,087
FOREIGN GOVERNMENT OBLIGATIONS - 2.0%
			Argentina - 0.7%
			Argentina Treasury Bill
		1,401,360	2.69%, 01/26/2018	$	1,398,589
		6,706,744	3.06%, 06/15/2018		6,608,021
		2,019,886	3.14%, 05/24/2018		1,994,462
		3,644,774	3.28%, 04/27/2018		3,607,645
	EUR	1,780,000	Argentine Republic Government International Bond 5.25%, 01/15/2028		2,220,178
					15,828,895
			Italy - 0.2%
			Italy Buoni Poliennali Del Tesoro
		2,140,000	0.75%, 01/15/2018		2,568,700
		2,445,000	4.50%, 02/01/2018		2,944,955
					5,513,655
			Mexico - 0.1%
	$	2,818,000	Mexico Government International Bond 5.75%, 10/12/2110		3,001,170
			Oman - 0.2%
		3,700,000	Oman Government International Bond 6.50%, 03/08/2047(1)		3,705,365
			Saudi Arabia - 0.3%
		6,055,000	Saudi Government International Bond 4.63%, 10/04/2047(1)		6,183,996
			Slovenia - 0.0%
	EUR	980,000	Slovenia Government Bond 4.00%, 03/22/2018(7)		1,185,529
			Spain - 0.1%
		1,585,000	Spain Government Bond 4.50%, 01/31/2018		1,908,608
		1,430,000	Spain Letras del Tesoro 0.00%, 01/19/2018		1,716,239
					3,624,847

Shares or Principal Amount				Market Value†
FOREIGN GOVERNMENT OBLIGATIONS - 2.0% - (continued)
			Supranational - 0.0%
	GBP	125,000	European Investment Bank 1.38%, 01/15/2018	$	168,828
			United Arab Emirates - 0.4%
			Abu Dhabi Government International Bond
	$	1,395,000	3.13%, 10/11/2027(1)		1,363,975
		7,260,000	4.13%, 10/11/2047(1)		7,181,011
					8,544,986
			Total Foreign Government Obligations (cost $47,139,897)	$	47,757,271
MUNICIPAL BONDS - 1.7%
			Development - 0.1%
		765,000	California State, GO Taxable 7.60%, 11/01/2040	$	1,221,652
			Education - 0.1%
		740,000	Chicago, IL, Board of Education 6.14%, 12/01/2039		705,220
		1,750,000	Chicago. IL, Board of Education 5.48%, 12/01/2024		1,725,710
					2,430,930
			General - 0.4%
		4,560,000	Chicago, IL, Transit Auth 6.90%, 12/01/2040		6,182,859
			Puerto Rico Commonwealth Government Employees Retirement System
		4,575,000	6.15%, 07/01/2038*		1,704,187
		6,705,000	6.30%, 07/01/2043*		2,497,612
					10,384,658
			General Obligation - 1.1%
			California State, GO Taxable
		3,735,000	7.35%, 11/01/2039		5,605,189
		3,520,000	7.55%, 04/01/2039		5,539,107
			City of Chicago, IL, GO
		2,670,000	7.05%, 01/01/2029		2,950,884
		2,305,000	7.38%, 01/01/2033		2,666,839
			Illinois State, GO
		405,000	5.16%, 02/01/2018		405,895
		2,270,000	5.38%, 07/01/2018		2,300,691
		5,120,000	5.67%, 03/01/2018		5,147,853
		1,540,000	5.88%, 03/01/2019		1,587,986
					26,204,444
			Utility - Electric - 0.0%
		215,000	Municipal Electric Auth Georgia 6.64%, 04/01/2057		275,596
			Total Municipal Bonds (cost $40,704,509)	$	40,517,280
SENIOR FLOATING RATE INTERESTS - 2.5%(9)
			Advertising - 0.0%
		607,729	Acosta Holdco, Inc. 1 mo. USD LIBOR + 3.250%, 4.82%, 09/26/2021	$	531,763

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

158

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
SENIOR FLOATING RATE INTERESTS - 2.5%(9) - (continued)
			Aerospace/Defense - 0.0%
	$	579,514	TransDigm, Inc. 1 mo. USD LIBOR + 2.750%, 4.36%, 06/09/2023	$	580,157
			Agriculture - 0.0%
		724,494	Pinnacle Operating Corp. 1 mo. USD LIBOR + 7.250%, 8.82%, 11/15/2021		679,213
			Auto Manufacturers - 0.0%
		690,177	Jaguar Holding Co. 3 mo. USD LIBOR + 2.750%, 4.38%, 08/18/2022		690,805
			Biotechnology - 0.0%
		772,636	Sterigenics-Nordion Holdings LLC 1 mo. USD LIBOR + 3.000%, 4.57%, 05/15/2022		771,995
			Chemicals - 0.1%
		275,000	Avantor, Inc. 3 mo. USD LIBOR + 4.000%, 5.51%, 11/21/2024		276,147
		727,698	Chemours Co. 1 mo. USD LIBOR + 2.500%, 4.07%, 05/12/2022		732,850
		554,422	Univar, Inc. 1 mo. USD LIBOR + 2.500%, 4.07%, 07/01/2024		556,202
					1,565,199
			Coal - 0.1%
		510,064	Ascent Resources - Marcellus LLC 1 mo. USD LIBOR + 4.250%, 5.71%, 08/04/2020		376,596
		1,027,238	Foresight Energy LLC 3 mo. USD LIBOR + 5.750%, 7.44%, 03/28/2022		961,751
					1,338,347
			Commercial Services - 0.2%
		124,688	Ascend Learning LLC 1 mo. USD LIBOR + 3.250%, 4.57%, 07/12/2024		125,311
		168,558	Capital Automotive L.P. 1 mo. USD LIBOR + 6.000%, 7.57%, 03/24/2025		172,772
		900,932	PSAV Holdings LLC 3 mo. USD LIBOR + 3.500%, 4.87%, 04/27/2024		908,816
		605,769	Quikrete Holdings, Inc. 1 mo. USD LIBOR + 2.750%, 4.32%, 11/15/2023		606,526
	EUR	200,000	Techem GmbH 0.00%, 10/02/2024(10)		239,603
	$	1,024,850	Tempo Acquisition LLC 1 mo. USD LIBOR + 3.000%, 4.57%, 05/01/2024		1,020,576
		145,000	Weight Watchers International, Inc. 1 mo. USD LIBOR + 4.750%, 6.23%, 11/29/2024		145,605
		524,700	Xerox Business Services LLC 1 mo. USD LIBOR + 3.000%, 4.57%, 12/07/2023		527,979
					3,747,188

Shares or Principal Amount				Market Value†
SENIOR FLOATING RATE INTERESTS - 2.5%(9) - (continued)
			Distribution/Wholesale - 0.0%
	$	991,954	American Builders & Contractors Supply Co., Inc. 1 mo. USD LIBOR + 2.500%, 4.07%, 10/31/2023	$	995,485
			Diversified Financial Services - 0.1%
		466,475	AlixPartners LLP 3 mo. USD LIBOR + 2.750%, 4.44%, 04/04/2024		468,639
		2,329,646	First Data Corp. 1 mo. USD LIBOR + 2.250%, 3.80%, 04/26/2024		2,330,065
	EUR	210,000	Nets Holding A/S 0.00%, 11/27/2024(10)		252,165
	$	282,150	RP Crown Parent LLC 1 mo. USD LIBOR + 3.000%, 4.57%, 10/12/2023		283,208
					3,334,077
			Electric - 0.1%
		625,000	Chief Exploration & Development LLC 3 mo. USD LIBOR + 6.500%, 7.96%, 05/16/2021		613,544
		231,626	Helix Gen Funding LLC 3 mo. USD LIBOR + 3.750%, 5.44%, 06/02/2024		232,156
		342,109	Seadrill Partners Finco LLC 3 mo. USD LIBOR + 3.000%, 4.69%, 02/21/2021		275,398
					1,121,098
			Energy-Alternate Sources - 0.0%
		265,000	BCP Renaissance Parent LLC 3 mo. USD LIBOR + 4.000%, 5.38%, 10/31/2024		268,048
		360,000	Circor International, Inc. 3 mo. USD LIBOR + 3.500%, 4.93%, 12/11/2024		358,650
		100,000	Medallion Midland Acquisition LLC 1 mo. USD LIBOR + 3.250%, 4.82%, 10/30/2024		100,125
					726,823
			Engineering & Construction - 0.0%
		746,250	Brand Energy & Infrastructure Services, Inc. 3 mo. USD LIBOR + 4.250%, 5.62%, 06/21/2024		748,675
			Entertainment - 0.1%
		557,966	Camelot UK Holdco Ltd. 1 mo. USD LIBOR + 3.250%, 4.82%, 10/03/2023		560,956
		433,913	Scientific Games International, Inc. 2 mo. USD LIBOR + 3.250%, 4.70%, 08/14/2024		437,167
					998,123
			Food - 0.1%
		500,930	Hostess Brands LLC 1 mo. USD LIBOR + 2.250%, 3.82%, 08/03/2022		501,010

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

159

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
SENIOR FLOATING RATE INTERESTS - 2.5%(9) - (continued)
			Food - 0.1% - (continued)
	$	786,050	Post Holdings, Inc. 1 mo. USD LIBOR + 2.250%, 3.82%, 05/24/2024	$	788,440
					1,289,450
			Food Service - 0.0%
		120,000	Aramark Services, Inc. 0.00%, 03/11/2025(10)		120,563
			Healthcare-Products - 0.1%
		313,161	Air Medical Group Holdings, Inc. 1 mo. USD LIBOR + 4.000%, 5.68%, 04/28/2022		312,926
		392,344	INC Research LLC 1 mo. USD LIBOR + 2.250%, 3.82%, 08/01/2024		392,591
		353,225	Kinetic Concepts, Inc. 3 mo. USD LIBOR + 3.250%, 4.94%, 02/02/2024		351,370
		234,413	Parexel International Corp. 3 mo. USD LIBOR + 3.000%, 4.57%, 09/27/2024		235,341
		296,250	Revlon Consumer Products Corp. 1 mo. USD LIBOR + 3.500%, 5.07%, 09/07/2023		219,317
					1,511,545
			Healthcare-Services - 0.1%
		362,812	CDRH Parent, Inc. 3 mo. USD LIBOR + 4.250%, 5.75%, 07/01/2021		314,921
		180,058	Community Health Systems, Inc. 3 mo. USD LIBOR + 2.750%, 4.23%, 12/31/2019		174,145
		533,313	Envision Healthcare Corp. 1 mo. USD LIBOR + 3.000%, 4.57%, 12/01/2023		534,422
		513,122	MPH Acquisition Holdings LLC 3 mo. USD LIBOR + 3.000%, 4.69%, 06/07/2023		513,835
		295,902	Opal Acquisition, Inc. 3 mo. USD LIBOR + 4.000%, 5.53%, 11/27/2020		276,914
		1,020,635	U.S. Renal Care, Inc. 3 mo. USD LIBOR + 4.250%, 5.94%, 12/31/2022		1,004,479
					2,818,716
			Household Products - 0.0%
		295,000	Diamond (BC) B.V. 2 mo. USD LIBOR + 3.000%, 4.42%, 09/06/2024		295,177
			Household Products/Wares - 0.0%
		408,975	Galleria Co. 1 mo. USD LIBOR + 3.000%, 4.38%, 09/29/2023		410,766
			Insurance - 0.2%
			Asurion LLC
		930,652	1 mo. USD LIBOR + 2.750%, 4.32%, 08/04/2022		934,868
		240,000	1 mo. USD LIBOR + 6.000%, 7.57%, 08/04/2025		246,374

Shares or Principal Amount				Market Value†
SENIOR FLOATING RATE INTERESTS - 2.5%(9) - (continued)
			Insurance - 0.2% - (continued)
	$	429,938	Evertec Group LLC 1 mo. USD LIBOR + 2.500%, 3.96%, 04/17/2020	$	416,859
		123,716	HUB International Ltd. 3 mo. USD LIBOR + 3.000%, 4.41%, 10/02/2020		124,225
			Sedgwick Claims Management Services, Inc.
		898,177	1 mo. USD LIBOR + 2.750%, 4.32%, 03/01/2021		897,333
		1,250,000	1 mo. USD LIBOR + 5.750%, 7.32%, 02/28/2022		1,254,688
		533,663	USI Holdings Corp. 3 mo. USD LIBOR + 3.000%, 4.69%, 05/16/2024		532,552
					4,406,899
			Internet - 0.0%
		617,093	Lands’ End, Inc. 1 mo. USD LIBOR + 3.250%, 4.82%, 04/04/2021		548,250
			Leisure Time - 0.1%
		230,000	Aristocrat Leisure Ltd. 0.00%, 10/19/2024(10)		230,287
		445,161	Caesars Resort Collection LLC 3 mo. USD LIBOR + 2.750%, 4.34%, 12/22/2024		446,911
		1,275,000	Delta 2 (LUX) S.a.r.l. 1 mo. USD LIBOR + 3.000%, 4.57%, 02/01/2024		1,281,107
		760,000	Golden Entertainment, Inc. 1 mo. USD LIBOR + 3.000%, 4.51%, 10/21/2024		760,631
					2,718,936
			Lodging - 0.0%
		254,452	Boyd Gaming Corp. 1 Week USD LIBOR + 2.500%, 3.98%, 09/15/2023		255,724
		665,000	Caesars Entertainment Operating Co. 1 mo. USD LIBOR + 2.500%, 4.07%, 10/06/2024		665,313
					921,037
			Machinery-Diversified - 0.1%
		1,319,613	Gates Global LLC 3 mo. USD LIBOR + 3.000%, 4.69%, 04/01/2024		1,326,026
			Media - 0.2%
		195,000	Altice Financing S.A. 3 mo. USD LIBOR + 2.750%, 4.11%, 07/15/2025		190,710
		1,551,585	Charter Communications Operating LLC 0.00%, 04/30/2025(10)		1,552,144
			Lumos Networks Operating Co.
		133,685	0.00%, 10/16/2024(10)		133,461
		136,499	3 mo. USD LIBOR + 3.250%, 4.82%, 10/16/2024		136,969
		704,675	Numericable Group S.A. 3 mo. USD LIBOR + 3.000%, 4.35%, 01/31/2026		677,587

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

160

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
SENIOR FLOATING RATE INTERESTS - 2.5%(9) - (continued)
			Media - 0.2% - (continued)
	$	395,000	Sinclair Television Group, Inc. 0.00%, 05/10/2024(10)	$	394,261
		120,000	Telenet International Finance S.a.r.l. 0.00%, 03/02/2026(10)		120,312
		525,000	UPC Financing Partnership 1 mo. USD LIBOR + 2.500%, 3.98%, 01/15/2026		524,564
					3,730,008
			Metal Fabricate/Hardware - 0.0%
		298,561	Rexnord LLC 1 mo. USD LIBOR + 2.250%, 3.80%, 08/21/2024		299,681
			Miscellaneous Manufacturing - 0.0%
	EUR	200,000	CeramTec Group GmbH 0.00%, 11/29/2024(10)		240,133
	$	159,600	H.B. Fuller Co. 1 mo. USD LIBOR + 2.250%, 3.75%, 10/20/2024		160,021
					400,154
			Oil & Gas - 0.1%
		258,700	BCP Raptor LLC 1 Week USD LIBOR + 4.250%, 5.73%, 06/24/2024		259,510
		455,000	California Resources Corp. 1 mo. USD LIBOR + 10.375%, 11.88%, 12/31/2021		498,794
		470,000	Chesapeake Energy Corp. 3 mo. USD LIBOR + 7.500%, 8.95%, 08/23/2021		499,610
		764,040	Fieldwood Energy LLC 3 mo. USD LIBOR + 2.875%, 4.57%, 09/28/2018		736,022
		176,055	Peabody Energy Corp. 1 mo. USD LIBOR + 3.500%, 5.07%, 03/31/2022		178,310
		120,000	Traverse Midstream Partners LLC 3 mo. USD LIBOR + 4.000%, 5.85%, 09/27/2024		121,560
					2,293,806
			Packaging & Containers - 0.1%
		1,327,486	Berry Plastics Group, Inc. 3 mo. USD LIBOR + 2.000%, 3.41%, 02/08/2020		1,332,252
		407,950	Flex Acquisition Co., Inc. 3 mo. USD LIBOR + 3.000%, 4.34%, 12/29/2023		409,737
		203,463	Proampac PG Borrower LLC 1 mo. USD LIBOR + 4.000%, 4.95%, 11/18/2023		204,925
		1,204,199	Reynolds Group Holdings, Inc. 1 mo. USD LIBOR + 2.750%, 4.32%, 02/05/2023		1,209,197
					3,156,111
			Pharmaceuticals - 0.1%
		815,900	Endo Luxembourg Finance Co. I S.a r.l. 1 mo. USD LIBOR + 4.250%, 5.88%, 04/29/2024		819,980

Shares or Principal Amount				Market Value†
SENIOR FLOATING RATE INTERESTS - 2.5%(9) - (continued)
			Pharmaceuticals - 0.1% - (continued)
	$	422,787	Valeant Pharmaceuticals International, Inc. 1 mo. USD LIBOR + 4.750%, 4.94%, 04/01/2022	$	428,503
					1,248,483
			Pipelines - 0.0%
		790,575	Philadelphia Energy Solutions LLC 3 mo. USD LIBOR + 5.000%, 8.50%, 04/04/2018		588,978
			Real Estate - 0.1%
			DTZ U.S. Borrower LLC
		1,224,883	3 mo. USD LIBOR + 3.250%, 4.71%, 11/04/2021		1,207,820
		35,319	3 mo. USD LIBOR + 8.250%, 9.63%, 11/04/2022		35,231
		300,000	VICI Properties LLC 0.00%, 10/14/2022(10)		300,000
					1,543,051
			Retail - 0.2%
			Albertsons LLC
		626,605	1 mo. USD LIBOR + 2.750%, 4.32%, 08/25/2021		613,572
		306,142	3 mo. USD LIBOR + 3.000%, 4.68%, 12/21/2022		299,670
		668,325	Bass Pro Group LLC 1 mo. USD LIBOR + 5.000%, 6.57%, 09/25/2024		665,819
		500,581	Harbor Freight Tools USA, Inc. 1 mo. USD LIBOR + 3.250%, 4.82%, 08/18/2023		503,595
		954,270	Neiman Marcus Group Ltd. LLC 1 mo. USD LIBOR + 3.250%, 4.64%, 10/25/2020		776,900
		250,000	Rite Aid Corp. 1 mo. USD LIBOR + 4.750%, 6.24%, 08/21/2020		250,730
		391,000	Staples, Inc. 3 mo. USD LIBOR + 4.000%, 5.49%, 09/12/2024		382,984
		505,967	U.S. Foods, Inc. 1 mo. USD LIBOR + 2.750%, 4.07%, 06/27/2023		508,497
					4,001,767
			Software - 0.2%
		548,625	Almonde, Inc. 3 mo. USD LIBOR + 3.500%, 4.98%, 06/13/2024		549,958
		744,375	Change Healthcare Holdings, Inc. 1 mo. USD LIBOR + 2.750%, 4.32%, 03/01/2024		745,402
		348,624	Epicor Software Corp. 1 mo. USD LIBOR + 3.750%, 5.32%, 06/01/2022		349,248
		820,893	Hyland Software, Inc. 1 mo. USD LIBOR + 3.250%, 4.82%, 07/01/2022		825,515
		1,187,854	Infor U.S., Inc. 3 mo. USD LIBOR + 2.750%, 4.44%, 02/01/2022		1,191,572

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

161

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
SENIOR FLOATING RATE INTERESTS - 2.5%(9) - (continued)
			Software - 0.2% - (continued)
	$	100,000	Quest Software US Holdings, Inc. 3 mo. USD LIBOR + 5.500%, 6.92%, 10/31/2022	$	101,482
		1,659,725	WEX, Inc. 3 mo. USD LIBOR + 2.750%, 4.32%, 06/30/2023		1,665,949
					5,429,126
			Telecommunications - 0.1%
		300,000	Level 3 Financing, Inc. 1 mo. USD LIBOR + 2.250%, 3.70%, 02/22/2024		300,000
		1,012,350	Sprint Communications, Inc. 1 mo. USD LIBOR + 2.500%, 4.13%, 02/02/2024		1,011,591
		440,000	Unitymedia Finance LLC 1 mo. USD LIBOR + 2.250%, 3.73%, 09/30/2025		440,167
		667,759	Univision Communications, Inc. 1 mo. USD LIBOR + 2.750%, 4.32%, 03/15/2024		665,162
		361,056	Zayo Group LLC 1 mo. USD LIBOR + 2.250%, 3.80%, 01/19/2024		362,157
					2,779,077
			Transportation - 0.0%
		155,000	Navistar International Corp. 1 mo. USD LIBOR + 3.500%, 4.90%, 11/01/2024		155,436
			Trucking & Leasing - 0.0%
		307,453	Avolon TLB Borrower 1 (Luxembourg) S.a.r.l. 1 mo. USD LIBOR + 2.250%, 3.75%, 04/03/2022		304,984
			Total Senior Floating Rate Interests (cost $60,874,255)	$	60,126,975
U.S. GOVERNMENT AGENCIES - 43.1%
			FHLMC - 14.7%
		160,677	0.00%, 11/15/2036(11)	$	149,559
		55,521,274	0.17%, 10/25/2020(4)(6)		256,969
		21,156,779	0.61%, 03/25/2027(4)(6)		1,006,695
		29,962,061	1.96%, 08/25/2018(4)(6)		186,804
		1,100,225	2.50%, 05/15/2028(6)		81,291
		3,675,020	3.00%, 03/15/2028(6)		310,200
		3,281,245	3.00%, 08/01/2029		3,349,577
		1,594,966	3.00%, 05/15/2032(6)		133,152
		59,175,000	3.00%, 01/01/2033(5)(12)		60,252,056
		1,079,567	3.00%, 03/15/2033(6)		139,709
		6,674,797	3.00%, 11/01/2036		6,792,410
		4,262,099	3.00%, 01/01/2037		4,326,649
		3,023,428	3.00%, 06/15/2041		3,066,091
		7,201,396	3.00%, 07/15/2041		7,289,362
		10,500,845	3.00%, 11/01/2046		10,521,479
		1,944,644	3.00%, 12/01/2046		1,951,010
		49,975,000	3.00%, 01/01/2048(5)(12)		49,967,169
		3,400,000	3.43%, 01/25/2027(4)		3,555,244
		1,964,975	3.50%, 06/15/2026(6)		143,960

Shares or Principal Amount				Market Value†
U.S. GOVERNMENT AGENCIES - 43.1% - (continued)
			FHLMC - 14.7% - (continued)
	$	660,525	3.50%, 09/15/2026(6)	$	63,093
		1,147,982	3.50%, 03/15/2027(6)		106,363
		9,200,000	3.50%, 01/01/2033(5)(12)		9,504,571
		6,006,996	3.50%, 08/01/2034		6,248,668
		3,979,507	3.50%, 03/15/2041(6)		488,442
		1,683,078	3.50%, 06/01/2046		1,731,023
		48,095,000	3.50%, 01/01/2048(5)(12)		49,390,073
		5,651,846	4.00%, 08/01/2025		5,913,551
		2,588,162	4.00%, 12/15/2026(6)		244,840
		4,543,643	4.00%, 07/15/2027(6)		455,637
		1,918,139	4.00%, 03/15/2028(6)		183,809
		1,002,220	4.00%, 06/15/2028(6)		106,879
		4,743,174	4.00%, 05/01/2042		4,979,376
		1,436,386	4.00%, 08/01/2042		1,512,952
		2,074,248	4.00%, 09/01/2042		2,184,821
		479,718	4.00%, 07/01/2044		504,048
		387,680	4.00%, 06/01/2045		406,075
		1,828,152	4.00%, 02/01/2046		1,912,030
		7,415,130	4.00%, 09/01/2047		7,759,507
		10,110,000	4.00%, 01/01/2048(5)(12)		10,572,058
		1,726,850	4.50%, 03/15/2041		1,926,080
		1,077,964	4.50%, 09/01/2044		1,146,790
		44,875,000	4.50%, 01/01/2048(5)(12)		47,700,725
		3,238,003	4.75%, 07/15/2039		3,504,751
		216,834	5.00%, 04/01/2023		233,007
		728,833	5.00%, 05/01/2023		783,195
		355,035	5.00%, 07/01/2023		381,516
		2,537,145	5.00%, 09/01/2023		2,726,387
		114,156	5.00%, 01/01/2024		122,671
		20,825	5.00%, 05/01/2024		22,378
		1,928,844	5.00%, 06/01/2024		2,072,713
		74,852	5.00%, 12/01/2024		80,435
		1,533,757	5.00%, 01/01/2025		1,648,156
		409,734	5.00%, 04/01/2025		440,295
		2,424,504	5.00%, 06/01/2025		2,605,343
		1,520,867	5.00%, 07/01/2025		1,634,306
		1,192,429	5.00%, 09/01/2025		1,281,370
		75,000	5.00%, 02/01/2026		80,594
		545,771	5.00%, 03/01/2027		586,479
		125,526	5.00%, 03/01/2028		134,889
		20,803	5.00%, 09/01/2029		22,354
		481,345	5.00%, 03/01/2031		520,290
		783,266	5.00%, 05/01/2031		846,344
		1,159,885	5.00%, 09/01/2031		1,246,399
		956,815	5.00%, 11/01/2031		1,028,989
		271,267	5.00%, 07/01/2032		291,946
		1,460,721	5.00%, 09/15/2033(6)		303,378
		17,850	5.00%, 12/01/2034		19,182
		22,785	5.00%, 11/01/2035		24,659
		37,487	5.00%, 03/01/2039		40,783
		485,000	5.00%, 08/01/2039		528,333
		21,172	5.00%, 09/01/2039		23,063
		17,855	5.00%, 12/01/2039		19,498
		20,401	5.00%, 04/01/2041		22,029
		49,280	5.00%, 04/01/2044		53,605
		25,918	5.00%, 05/01/2044		27,952
		1,000,000	5.00%, 12/01/2047(5)(12)		1,074,588
		204	5.50%, 10/01/2018		205
		62,588	5.50%, 03/01/2028		68,365
		100,858	5.50%, 04/01/2033		111,737
		1,194,936	5.50%, 05/01/2034		1,324,551

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

162

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
U.S. GOVERNMENT AGENCIES - 43.1% - (continued)
			FHLMC - 14.7% - (continued)
	$	1,590	5.50%, 11/01/2035	$	1,762
		25,177	5.50%, 05/01/2037		27,823
		63,421	5.50%, 11/01/2037		70,129
		111,673	5.50%, 02/01/2038		123,336
		47,828	5.50%, 04/01/2038		52,877
		57,236	5.50%, 06/01/2038		63,237
		6,496,402	5.50%, 08/01/2038		7,183,437
		640,190	5.50%, 09/01/2038		707,476
		12,752	5.50%, 12/01/2039		14,092
		166,293	5.50%, 02/01/2040		183,840
		545,281	5.50%, 05/01/2040		602,458
		550,218	5.50%, 08/01/2040		608,068
		2,308,211	5.50%, 06/01/2041		2,552,534
		1,587	6.00%, 07/01/2029		1,773
		293,766	6.00%, 10/01/2032		332,587
		326,488	6.00%, 11/01/2032		366,323
		358,613	6.00%, 12/01/2032		406,173
		23,928	6.00%, 11/01/2033		27,012
		44,992	6.00%, 01/01/2034		50,792
		27,618	6.00%, 02/01/2034		31,178
		306,712	6.00%, 08/01/2034		346,253
		318,523	6.00%, 09/01/2034		359,103
		283,355	6.00%, 01/01/2035		316,611
		2,403,065	6.00%, 11/01/2037		2,712,775
		111	6.50%, 07/01/2031		123
		348	6.50%, 08/01/2032		386
		1,105,168	6.50%, 07/15/2036		1,221,521
		201,491	6.50%, 12/01/2037		223,185
		120	7.50%, 09/01/2029		127
		2,561	7.50%, 11/01/2031		2,842
					353,047,365
			FNMA - 16.5%
		178,412	0.00%, 03/25/2036(11)		150,041
		1,487,723	0.00%, 06/25/2036(11)		1,293,108
		5,009,695	1.70%, 04/25/2055(4)(6)		244,246
		5,283,614	1.77%, 05/25/2046(4)(6)		230,187
		4,997,588	1.87%, 08/25/2044(4)(6)		221,013
		3,800,943	1.92%, 06/25/2055(4)(6)		185,250
		2,443,544	2.00%, 09/25/2039		2,340,483
		1,167,710	2.50%, 06/25/2028(6)		91,543
		8,500,000	2.50%, 01/01/2033(5)(12)		8,486,719
		271,469	2.50%, 01/01/2043		263,230
		5,300,711	2.50%, 02/01/2043		5,140,169
		2,046,566	2.50%, 03/01/2043		1,984,453
		4,284,805	2.50%, 05/01/2043		4,154,847
		2,855,985	2.50%, 06/01/2043		2,766,423
		2,107,988	2.50%, 04/01/2045		2,035,490
		908,028	2.50%, 08/01/2046		876,794
		576,937	2.50%, 09/01/2046		557,092
		477,062	2.50%, 10/01/2046		460,652
		8,026,553	2.50%, 11/01/2046		7,750,475
		13,879,378	2.50%, 12/01/2046		13,402,008
		17,916,164	2.50%, 01/01/2047		17,299,891
		17,570,000	2.50%, 01/01/2048(5)(12)		16,955,779
		9,780,000	2.65%, 06/01/2025		9,789,713
		4,400,000	2.78%, 11/01/2027		4,357,510
		1,550,366	2.85%, 12/01/2027		1,545,423
		6,110,000	2.88%, 12/01/2027		6,105,214
		4,851,400	2.93%, 01/01/2027		4,887,602
		2,749,113	3.00%, 02/25/2027(6)		221,377

Shares or Principal Amount				Market Value†
U.S. GOVERNMENT AGENCIES - 43.1% - (continued)
			FNMA - 16.5% - (continued)
	$	1,052,559	3.00%, 09/25/2027(6)	$	108,127
		7,519,421	3.00%, 01/25/2028(6)		669,671
		2,510,511	3.00%, 02/25/2028(6)		230,704
		3,274,401	3.00%, 04/25/2028(6)		311,090
		32,807,000	3.00%, 01/01/2033(5)(12)		33,415,724
		4,284,149	3.00%, 03/01/2037		4,352,367
		1,881,586	3.02%, 03/01/2027		1,907,860
		9,020,317	3.11%, 04/01/2027		9,198,763
		3,810,768	3.15%, 04/01/2027		3,895,751
		2,905,000	3.16%, 04/01/2027		2,972,736
		1,380,211	3.21%, 01/01/2027		1,416,556
		489,483	3.24%, 12/01/2026		504,974
		290,000	3.29%, 06/01/2029		297,903
		1,202,093	3.50%, 05/25/2027(6)		124,577
		1,836,001	3.50%, 10/25/2027(6)		194,620
		1,963,129	3.50%, 05/25/2030(6)		243,909
		609,392	3.50%, 08/25/2030(6)		71,771
		1,402,701	3.50%, 02/25/2031(6)		133,382
		1,132,335	3.50%, 09/25/2035(6)		173,493
		2,339,801	3.50%, 10/01/2044		2,416,908
		2,737,886	3.50%, 02/01/2045		2,812,546
		5,082,509	3.50%, 09/01/2046		5,221,106
		2,308,608	3.50%, 10/01/2046		2,371,562
		907,110	3.50%, 10/25/2046(6)		208,088
		1,706,679	3.50%, 11/01/2046		1,763,202
		94,930,000	3.50%, 01/01/2048(5)(12)		97,466,416
		1,986,906	3.74%, 06/01/2026		2,113,016
		6,700,000	3.77%, 12/01/2025		7,165,659
		315,000	3.86%, 12/01/2025		338,921
		525,170	3.87%, 10/01/2025		563,814
		679,156	3.89%, 05/01/2030		729,450
		294,342	3.96%, 05/01/2034		318,537
		190,724	3.97%, 05/01/2029		205,125
		2,695,277	4.00%, 06/01/2025		2,819,977
		784,695	4.00%, 10/01/2025		817,384
		5,098,285	4.00%, 10/01/2040		5,356,158
		2,244,870	4.00%, 11/01/2040		2,358,676
		1,645,748	4.00%, 12/01/2040		1,729,127
		801,740	4.00%, 02/01/2041		842,704
		1,833,242	4.00%, 03/01/2041		1,924,951
		855,182	4.00%, 03/25/2042(6)		123,578
		857,645	4.00%, 08/01/2042		900,742
		1,727,066	4.00%, 09/01/2042		1,813,847
		491,246	4.00%, 11/25/2042(6)		72,479
		395,675	4.00%, 03/01/2045		414,119
		1,517,085	4.00%, 07/01/2045		1,603,547
		909,737	4.00%, 05/01/2046		951,786
		1,883,135	4.00%, 06/01/2046		1,970,165
		1,775,084	4.00%, 04/01/2047		1,876,286
		32,620,000	4.00%, 01/01/2048(5)(12)		34,112,003
		432,422	4.06%, 10/01/2028		468,866
		738,300	4.50%, 04/01/2025		761,009
		993,287	4.50%, 07/25/2027(6)		106,733
		1,336,303	4.50%, 09/01/2035		1,427,900
		5,055,195	4.50%, 08/01/2040		5,448,399
		4,598,714	4.50%, 10/01/2040		4,921,113
		2,047,882	4.50%, 10/01/2041		2,194,795
		1,820,529	4.50%, 09/01/2043		1,947,680
		15	5.00%, 02/01/2018		15
		6,475	5.00%, 04/01/2018		6,592
		38,685	5.00%, 05/01/2018		39,382

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

163

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
U.S. GOVERNMENT AGENCIES - 43.1% - (continued)
			FNMA - 16.5% - (continued)
	$	58,804	5.00%, 06/01/2018	$	59,862
		1,881	5.00%, 07/01/2018		1,915
		19,660	5.00%, 09/01/2018		19,734
		121,690	5.00%, 01/01/2020		123,882
		944,213	5.00%, 06/01/2022		989,005
		344,751	5.00%, 06/01/2025		366,012
		778,890	5.00%, 04/25/2038		827,168
		564,931	5.46%, 05/25/2042(4)(6)		61,393
		1,955	5.50%, 02/01/2018		1,954
		212	5.50%, 06/01/2018		213
		583	5.50%, 11/01/2018		585
		32,744	5.50%, 08/01/2019		33,180
		57,047	5.50%, 09/01/2019		57,801
		12,115	5.50%, 10/01/2019		12,278
		7,076	5.50%, 01/01/2020		7,185
		1,545	5.50%, 03/01/2020		1,573
		280,686	5.50%, 05/01/2020		286,507
		198,447	5.50%, 06/01/2022		207,290
		290,625	5.50%, 06/01/2033		323,019
		248,755	5.50%, 08/01/2033		274,788
		1,446,030	5.50%, 09/01/2033		1,604,066
		1,301,060	5.50%, 12/01/2033		1,451,548
		1,084,038	5.50%, 01/01/2034		1,201,701
		4,936,802	5.50%, 11/01/2035		5,478,138
		1,503,424	5.50%, 04/01/2036		1,666,893
		1,202,004	5.50%, 09/01/2036		1,333,831
		113,168	5.50%, 01/01/2037		124,923
		789,830	5.50%, 04/25/2037		869,441
		3,252,540	5.50%, 06/25/2042(6)		705,779
		3,287	6.00%, 03/01/2022		3,318
		495,229	6.00%, 12/01/2032		562,704
		610,537	6.00%, 01/01/2033		686,940
		78,861	6.00%, 02/01/2033		88,097
		659,084	6.00%, 03/01/2033		746,317
		1,432,930	6.00%, 02/01/2037		1,621,748
		2,215,299	6.00%, 09/25/2047(6)		526,863
		1,370	6.50%, 05/01/2031		1,519
		1,201	6.50%, 09/01/2031		1,348
		1,895	6.50%, 07/01/2032		2,165
		1,710	7.00%, 07/01/2029		1,950
		96	7.00%, 12/01/2030		98
		748	7.00%, 02/01/2032		803
		290	7.00%, 03/01/2032		332
		2,017	7.00%, 09/01/2032		2,134
		2,534	7.50%, 10/01/2022		2,768
		1,963	7.50%, 06/01/2027		2,265
		2,275	7.50%, 10/01/2029		2,323
		16,648	7.50%, 03/01/2030		18,396
		8,680	7.50%, 04/01/2030		9,187
		1,159	7.50%, 06/01/2030		1,305
		2,092	7.50%, 07/01/2030		2,326
		610	7.50%, 08/01/2030		673
		5,858	7.50%, 10/01/2030		5,924
		7,991	7.50%, 01/01/2031		8,159
		29,469	7.50%, 05/01/2031		33,748
		8,165	7.50%, 06/01/2031		8,432
		1,981	7.50%, 08/01/2031		2,195
		40,184	7.50%, 09/01/2031		41,814
		335	7.50%, 05/01/2032		391
					397,202,979

Shares or Principal Amount				Market Value†
U.S. GOVERNMENT AGENCIES - 43.1% - (continued)
			GNMA - 11.9%
	$	576,845	1.75%, 09/20/2043	$	556,596
		2,422,884	2.50%, 12/16/2039		2,409,368
		1,342,059	3.00%, 09/20/2028(6)		119,986
		711,273	3.00%, 02/16/2043(6)		127,152
		8,917,419	3.00%, 03/15/2045		8,993,617
		435,413	3.00%, 04/15/2045		439,133
		5,229,865	3.00%, 07/15/2045		5,274,553
		126,323	3.00%, 08/15/2045		127,403
		451,511	3.00%, 03/20/2047		417,586
		1,093,954	3.00%, 05/20/2047		1,016,940
		1,290,013	3.00%, 07/16/2047		1,253,249
		63,840,092	3.00%, 11/20/2047		64,481,379
		33,900,000	3.00%, 01/01/2048(5)(12)		34,207,219
		590,882	3.50%, 02/16/2027(6)		56,307
		1,439,933	3.50%, 03/20/2027(6)		147,895
		1,237,411	3.50%, 07/20/2040(6)		137,972
		1,772,965	3.50%, 02/20/2041(6)		212,340
		2,976,959	3.50%, 04/20/2042(6)		371,496
		4,406,057	3.50%, 10/20/2042(6)		886,879
		499,332	3.50%, 11/15/2042		519,994
		14,261	3.50%, 12/15/2042		14,799
		354,528	3.50%, 02/15/2043		367,880
		15,358	3.50%, 03/15/2043		15,937
		2,012,164	3.50%, 04/15/2043		2,088,085
		6,106,264	3.50%, 05/15/2043		6,336,761
		328,692	3.50%, 05/20/2043(6)		60,171
		2,674,542	3.50%, 07/20/2043(6)		410,041
		13,323,525	3.50%, 08/20/2047		13,787,049
		9,417,394	3.50%, 09/20/2047		9,745,024
		15,535,000	3.50%, 01/01/2048(5)(12)		16,059,306
		444,139	4.00%, 12/16/2026(6)		46,513
		5,944,178	4.00%, 05/20/2029(6)		611,189
		6,341,113	4.00%, 07/20/2040		6,674,862
		7,480,580	4.00%, 09/20/2040		7,872,938
		11,211,536	4.00%, 10/20/2040		11,797,243
		1,802,417	4.00%, 12/20/2040		1,911,781
		594,594	4.00%, 05/16/2042(6)		97,090
		816,300	4.00%, 03/20/2043(6)		176,282
		375,964	4.00%, 01/20/2044(6)		80,686
		2,759,969	4.00%, 03/20/2047(6)		523,390
		4,232,139	4.00%, 07/20/2047(6)		838,838
		6,315,585	4.00%, 10/20/2047		6,611,285
		6,086,408	4.00%, 11/20/2047		6,377,408
		26,491,000	4.00%, 01/01/2048(5)(12)		27,614,799
		282,883	4.50%, 11/15/2039		299,011
		2,363,743	4.50%, 05/15/2040		2,529,958
		7,583,972	4.50%, 05/20/2040		8,043,524
		410,138	4.50%, 07/15/2041		439,372
		1,413,092	4.50%, 04/20/2045(6)		314,165
		740,990	4.50%, 01/20/2046		782,108
		1,800,000	4.50%, 01/01/2048(5)(12)		1,888,031
		3,504,341	5.00%, 02/16/2040(6)		822,554
		827,159	5.00%, 05/20/2040		899,258
		2,003,052	5.00%, 06/15/2041		2,172,086
		2,616,892	5.00%, 10/16/2041(6)		446,969
		3,104,237	5.00%, 03/15/2044		3,366,764
		882,402	5.00%, 01/16/2047(6)		204,712
		4,400,000	5.00%, 01/01/2048(5)(12)		4,729,055
		644,581	5.50%, 03/15/2033		728,567
		870,738	5.50%, 04/15/2033		969,127
		989,348	5.50%, 05/15/2033		1,112,703

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

164

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
U.S. GOVERNMENT AGENCIES - 43.1% - (continued)
			GNMA - 11.9% - (continued)
	$	1,396,576	5.50%, 10/20/2034	$	1,547,923
		3,010,505	5.50%, 03/20/2039(6)		678,936
		2,627,356	5.50%, 02/16/2047(6)		578,619
		1,580,719	5.50%, 02/20/2047(6)		328,261
		1,840	6.00%, 12/15/2023		2,057
		1,147	6.00%, 01/15/2029		1,282
		1,643	6.00%, 04/15/2029		1,857
		58,448	6.00%, 12/15/2031		65,922
		1,067	6.00%, 10/15/2032		1,212
		26,963	6.00%, 06/15/2033		30,490
		2,760	6.00%, 03/15/2034		3,151
		64,771	6.00%, 08/15/2034		72,976
		86,824	6.00%, 09/15/2034		97,818
		48,775	6.00%, 02/15/2035		54,627
		298,583	6.00%, 12/15/2035		335,532
		66,355	6.00%, 02/15/2036		74,186
		218,622	6.00%, 03/15/2036		246,649
		32,727	6.00%, 04/15/2036		36,590
		169,388	6.00%, 05/15/2036		190,390
		300,213	6.00%, 06/15/2036		337,757
		73,264	6.00%, 07/15/2036		81,925
		43,137	6.00%, 08/15/2036		48,536
		207,701	6.00%, 02/15/2037		233,403
		660	6.00%, 05/15/2037		738
		473,689	6.00%, 06/15/2037		533,876
		336,185	6.00%, 07/15/2037		375,862
		96,308	6.00%, 08/15/2037		108,679
		116,600	6.00%, 10/15/2037		130,361
		105,328	6.00%, 11/15/2037		117,759
		117,957	6.00%, 12/15/2037		133,905
		201,158	6.00%, 01/15/2038		226,115
		16,267	6.00%, 02/15/2038		18,192
		39,835	6.00%, 05/15/2038		44,564
		9,506	6.00%, 06/15/2038		10,628
		53,665	6.00%, 08/15/2038		60,051
		111,041	6.00%, 09/15/2038		124,146
		176,022	6.00%, 10/15/2038		203,709
		320,414	6.00%, 11/15/2038		358,229
		234,380	6.00%, 12/15/2038		262,159
		2,188	6.00%, 01/15/2039		2,446
		42,118	6.00%, 08/15/2039		47,089
		91,705	6.00%, 11/15/2039		102,528
		138,514	6.00%, 02/15/2040		154,862
		1,100,751	6.00%, 06/15/2040		1,230,663
		205,018	6.00%, 07/15/2040		229,215
		2,316,921	6.00%, 09/20/2040(6)		554,726
		1,174,358	6.00%, 06/15/2041		1,314,792
		2,317,786	6.00%, 02/20/2046(6)		537,355
		25,282	6.50%, 06/15/2028		28,048
		529	6.50%, 07/15/2028		586
		2,669	6.50%, 08/15/2028		2,961
		18,059	6.50%, 09/15/2028		20,034
		1,567	6.50%, 10/15/2028		1,738
		4,442	6.50%, 11/15/2028		4,928
		9,083	6.50%, 12/15/2028		10,077
		9,366	6.50%, 01/15/2029		10,391
		26,310	6.50%, 02/15/2029		29,188
		256,796	6.50%, 03/15/2029		284,890
		42,260	6.50%, 04/15/2029		46,883
		28,075	6.50%, 05/15/2029		31,147
		184,808	6.50%, 06/15/2029		205,028

Shares or Principal Amount				Market Value†
U.S. GOVERNMENT AGENCIES - 43.1% - (continued)
			GNMA - 11.9% - (continued)
	$	8,717	6.50%, 07/15/2029	$	9,671
		343	6.50%, 03/15/2031		380
		236,352	6.50%, 04/15/2031		262,213
		60,554	6.50%, 05/15/2031		68,697
		9,309	6.50%, 06/15/2031		10,574
		203,737	6.50%, 07/15/2031		226,030
		105,803	6.50%, 08/15/2031		117,379
		143,997	6.50%, 09/15/2031		159,750
		158,310	6.50%, 10/15/2031		175,632
		450,556	6.50%, 11/15/2031		499,853
		85,636	6.50%, 12/15/2031		95,005
		326,655	6.50%, 01/15/2032		362,534
		66,217	6.50%, 02/15/2032		75,404
		48,283	6.50%, 03/15/2032		53,565
		260,395	6.50%, 04/15/2032		296,295
		762	6.50%, 05/15/2032		845
		38,054	6.50%, 06/15/2032		42,217
		5,974	7.00%, 06/20/2030		6,405
		732	7.00%, 02/15/2031		796
		200	7.00%, 06/15/2031		211
		192	7.00%, 08/15/2031		213
		735	8.50%, 11/15/2024		738
					286,697,439
			Total U.S. Government Agencies (cost $1,033,920,536)	$	1,036,947,783
U.S. GOVERNMENT SECURITIES - 6.2%
			U.S. Treasury Securities - 6.2%
			U.S. Treasury Bonds - 1.7%
		7,439,000	2.50%, 02/15/2046(13)	$	7,078,964
		16,279,000	2.88%, 11/15/2046(13)		16,699,329
		5,595,000	3.00%, 05/15/2045(14)		5,875,843
		1,534,000	3.00%, 11/15/2045		1,611,000
		9,260,000	3.13%, 08/15/2044(13)(14)		9,952,691
					41,217,827
			U.S. Treasury Notes - 4.5%
		44,872,094	0.25%, 01/15/2025(15)		44,474,892
		65,146,390	0.38%, 07/15/2027(15)		64,799,528
					109,274,420
					150,492,247
			Total U.S. Government Securities (cost $150,575,339)	$	150,492,247
COMMON STOCKS - 0.0%
			Energy - 0.0%
		14,557	Templar Energy LLC Class A*	$	30,570
			Utilities - 0.0%
		800,000	TCEH Corp.*(16)(17)(18)		1
			Total Common Stocks (cost $124,644)	$	30,571

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

165

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
PREFERRED STOCKS - 0.1%
			Banks - 0.1%
	$	2,242	U.S. Bancorp Series A 3 mo. USD LIBOR + 1.020%, 3.50%(2)(8)	$	1,993,777
			Diversified Financials - 0.0%
		20,000	Citigroup Capital 3 mo. USD LIBOR + 6.370%, 7.75%(2)		549,600
			Total Preferred Stocks (cost $2,148,420)	$	2,543,377
			Total Long-Term Investments (cost $2,795,228,396)	$	2,814,297,015
SHORT-TERM INVESTMENTS - 3.7%
			Commercial Paper - 0.0%
			Commercial Banks - 0.0%
			Toronto Dominion Bank
	CAD	315,000	0.80%, 01/03/2018(19)	$	250,580
		315,000	0.91%, 01/05/2018(19)		250,565
					501,145
			Foreign Government Obligations - 1.0%
			Sovereign - 1.0%
	EUR	250,000	France Treasury Bill 0.27%, 01/10/2018(7)(19)		300,034
			Japan Treasury Discount Bill
	JPY	335,000,000	0.00%, 01/15/2018(19)		2,973,345
		680,000,000	0.00%, 01/11/2018(19)		6,035,862
		330,000,000	0.00%, 02/13/2018(19)		2,929,622
		522,400,000	0.13%, 03/05/2018(19)		4,637,484
		295,600,000	0.16%, 03/19/2018(19)		2,624,272
		39,400,000	0.17%, 01/29/2018(19)		349,745
	EUR	1,830,000	Spain Letras del Tesoro 0.43%, 02/16/2018(19)		2,197,407
	SEK	4,500,000	Sweden Treasury Bill 0.69%, 01/17/2018(19)		548,742
	GBP	910,000	United Kingdom Treasury Bill 0.03%, 01/15/2018(19)		1,228,623
					23,825,136
					23,825,136
			Other Investment Pools & Funds - 1.2%
		27,606,119	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 1.21%(20)		27,606,119
			U.S. Treasury - 1.5%
			Sovereign - 1.5%
			U.S. Treasury Bills
		3,607,000	1.08%, 01/11/2018(19)		3,605,831
		11,100,000	1.12%, 01/11/2018(19)		11,096,245

Shares or Principal Amount			Market Value†
SHORT-TERM INVESTMENTS - 3.7% - (continued)
		U.S. Treasury - 1.5% - (continued)
		Sovereign - 1.5% - (continued)
		U.S. Treasury Bills - (continued)
	11,100,000	1.16%, 01/25/2018(19)	$	11,091,194
	11,100,000	1.22%, 02/08/2018(19)		11,085,530
				36,878,800
				36,878,800
		Total Short-Term Investments (cost $88,757,988)	$	88,811,200

Total Investments Excluding Purchased Options (cost $2,883,986,384)	120.6	%	$	2,903,108,215
Total Purchased Options (cost $4,775,400)	0.2	%	$	4,184,607
Total Investments (cost $2,888,761,784)	120.8	%	$	2,907,292,822
Other Assets and Liabilities	(20.8	)%		(501,001,595	)
Total Net Assets	100.0	%	$	2,406,291,227

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

166

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group 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.

* Non-income producing.

⁽¹⁾  Securities issued within terms of a private placement memorandum and exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2017, the aggregate value of these securities was $857,212,075, which represented 35.6% of total net assets.

⁽²⁾  Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2017.

⁽³⁾  Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.

⁽⁴⁾  Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

⁽⁵⁾  This security, or a portion of this security, was purchased on a when-issued, delayed-delivery or delayed-draw basis. The cost of these securities was $505,338,909 at December 31, 2017.

⁽⁶⁾  Securities disclosed are interest-only strips.

⁽⁷⁾  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, 2017, the aggregate value of these securities was $22,719,400, which represented 0.9% of total net assets.

⁽⁸⁾  Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

⁽⁹⁾  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 rate in effect as of December 31, 2017.

⁽¹⁰⁾  Represents an unsettled loan commitment. The coupon rate will be determined at time of settlement.

⁽¹¹⁾  Securities disclosed are principal-only strips.

⁽¹²⁾  Represents or includes a TBA transaction.

⁽¹³⁾  This security, or a portion of this security, has been pledged as collateral in connection with OTC swap contracts.

⁽¹⁴⁾  This security, or a portion of this security, has been pledged as collateral in connection with futures contracts.

⁽¹⁵⁾  The principal amount for these securities are adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

⁽¹⁶⁾  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, 2017, the aggregate fair value of these securities was $1, which represented 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.

⁽¹⁷⁾  Investment valued using significant unobservable inputs.

⁽¹⁸⁾ This security has been identified as 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. The identification of illiquid securities is unaudited. At December 31, 2017, the aggregate value of these securities was $1, which represents 0.0% of total net assets.

⁽¹⁹⁾  The rate shown represents current yield to maturity.

⁽²⁰⁾  Current yield as of period end.

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

167

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

OTC Swaption Contracts Outstanding at December 31, 2017
Description	Counter- party		Exercise Price/ FX Rate/Rate		Pay/Receive Floating Rate		Expiration Date		Notional Amount			Number of Contracts		Market Value†		Premiums Paid (Received) by Fund		Unrealized Appreciation/ (Depreciation)
Purchased swaption contracts:
Calls
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 08/04/57		BCLY		2.45%		Receive		08/02/27		USD	14,000,000		14,000,000	$	1,919,077	$	2,018,642	$	(99,565	)
Puts
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 08/04/57		BCLY		2.45%		Pay		08/02/27		USD	14,000,000		14,000,000	$	2,265,530	$	2,756,758	$	(491,228	)
Total purchased swaption contracts													28,000,000	$	4,184,607	$	4,775,400	$	(590,793	)

Futures Contracts Outstanding at December 31, 2017
Description	Number of Contracts		Expiration Date		Current Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Long position contracts:
U.S. Treasury 10-Year Note Future		14		03/20/2018	$	1,869,875	$	14,006
U.S. Treasury 10-Year Note Future		193		03/20/2018		23,941,047		16,575
U.S. Treasury 2-Year Note Future		651		03/29/2018		139,385,204		(317,668	)
U.S. Treasury 5-Year Note Future		4,040		03/29/2018		469,302,815		(2,193,443	)
U.S. Treasury Long Bond Future		180		03/20/2018		27,540,000		(57,466	)
U.S. Ultra Bond Future		954		03/20/2018		159,944,062		1,035,607
Total							$	(1,502,389	)
Short position contracts:
Australian 10-Year Bond Future		152		03/15/2018	$	15,317,878	$	(23,664	)
Canadian Government 10-Year Bond Future		162		03/20/2018		17,370,215		246,039
Long Gilt Future		348		03/27/2018		58,806,737		(368,434	)
Total							$	(146,059	)
Total futures contracts							$	(1,648,448	)

TBA Sale Commitments Outstanding at December 31, 2017
Description	Principal Amount		Maturity Date		Market Value†			Unrealized Appreciation/ (Depreciation)
FHLMC, 5.50%	$	5,100,000		01/01/2048	$	(5,576,081	)	$	(16,284	)
FNMA, 2.50%		40,510,000		01/01/2033		(40,446,703	)		(16,097	)
FNMA, 2.50%		60,370,000		01/01/2048		(58,259,555	)		64,005
FNMA, 3.00%		46,884,000		01/01/2048		(46,884,000	)		(192,156	)
FNMA, 3.50%		6,600,000		01/01/2033		(6,812,302	)		(1,669	)
FNMA, 4.00%		9,400,000		01/01/2033		(9,667,120	)		1,661
FNMA, 4.50%		29,150,000		01/01/2048		(31,012,866	)		69,689
FNMA, 5.50%		13,400,000		01/01/2048		(14,682,873	)		29,908
FNMA, 6.00%		3,300,000		01/01/2048		(3,690,715	)		7,348
GNMA, 3.00%		41,225,000		01/01/2048		(41,598,602	)		49,921
GNMA, 3.50%		33,000,000		01/01/2048		(34,113,750	)		(123,750	)
Total (proceeds receivable $292,617,143)					$	(292,744,567	)	$	(127,424	)

At December 31, 2017, the aggregate market value of TBA Sale Commitments represents (12.2)% of total net assets.

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

168

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

OTC Credit Default Swap Contracts Outstanding at December 31, 2017
	Counter- party		Notional Amount(a)		(Pay)/Receive Fixed Rate			Expiration Date		Periodic Payment Frequency		Upfront Premiums Paid		Upfront Premiums Received			Market Value†			Unrealized Appreciation/ (Depreciation)
Reference Entity
Credit default swaps on indices:
Buy protection:
ABX.HE.AAA.07		GSC	USD	1,513,769		(0.09	%)		08/25/37		Monthly	$	328,804	$	—		$	71,882		$	(256,922	)
ABX.HE.AAA.07		CSI	USD	3,679,674		(0.09	%)		08/25/37		Monthly		919,000		—			174,729			(744,271	)
ABX.HE.PENAAA.06		MSC	USD	888,078		(0.11	%)		05/25/46		Monthly		99,130		—			56,598			(42,532	)
ABX.HE.PENAAA.06		JPM	USD	2,027,413		(0.11	%)		05/25/46		Monthly		225,769		—			129,203			(96,566	)
ABX.HE.PENAAA.06		GSC	USD	832,185		(0.11	%)		05/25/46		Monthly		208,046		—			53,036			(155,010	)
CMBX.NA.A.7		JPM	USD	1,880,000		(2.00	%)		01/17/47		Monthly		70,868		—			61,611			(9,257	)
CMBX.NA.A.9		MSC	USD	3,155,000		(2.00	%)		09/17/58		Monthly		109,025		—			112,022			2,997
CMBX.NA.A.9		MSC	USD	1,405,000		(2.00	%)		09/17/58		Monthly		61,251		—			50,143			(11,108	)
CMBX.NA.A.9		DEUT	USD	955,000		(2.00	%)		09/17/58		Monthly		47,563		—			34,031			(13,532	)
CMBX.NA.AA.8		MSC	USD	1,410,000		(1.50	%)		10/17/57		Monthly		55,716		—			20,197			(35,519	)
CMBX.NA.AAA.8		MSC	USD	1,550,000		(0.50	%)		10/17/57		Monthly		13,520		—			(6,859	)		(20,379	)
CMBX.NA.AAA.9		MSC	USD	1,555,000		(0.50	%)		09/17/58		Monthly		22,171		—			(2,964	)		(25,135	)
CMBX.NA.AS.7		CSI	USD	600,000		(1.00	%)		01/17/47		Monthly		10,642		—			(4,317	)		(14,959	)
CMBX.NA.AS.8		DEUT	USD	1,115,000		(1.00	%)		10/17/57		Monthly		80,127		—			(8,872	)		(88,999	)
CMBX.NA.BBB.10		MSC	USD	1,000,000		(3.00	%)		11/17/59		Monthly		64,476		—			100,492			36,016
CMBX.NA.BBB.10		MSC	USD	1,725,000		(3.00	%)		11/17/59		Monthly		132,871		—			173,350			40,479
CMBX.NA.BBB.10		MSC	USD	670,000		(3.00	%)		11/17/59		Monthly		64,928		—			67,330			2,402
CMBX.NA.BBB.10		MSC	USD	8,785,000		(3.00	%)		11/17/59		Monthly		904,107		—			882,827			(21,280	)
CMBX.NA.BBB.10		MSC	USD	5,715,000		(3.00	%)		11/17/59		Monthly		640,073		—			574,315			(65,758	)
CMBX.NA.BBB.7		CSI	USD	1,985,000		(3.00	%)		01/17/47		Monthly		187,525		—			230,661			43,136
CMBX.NA.BBB.7		CSI	USD	1,700,000		(3.00	%)		01/17/47		Monthly		160,601		—			197,544			36,943
CMBX.NA.BBB.7		MSC	USD	2,075,000		(3.00	%)		01/17/47		Monthly		207,562		—			241,119			33,557
CMBX.NA.BBB.7		MSC	USD	1,965,000		(3.00	%)		01/17/47		Monthly		143,103		—			228,665			85,562
CMBX.NA.BBB.7		MSC	USD	2,900,000		(3.00	%)		01/17/47		Monthly		273,991		—			336,986			62,995
CMBX.NA.BBB.7		CSI	USD	875,000		(3.00	%)		01/17/47		Monthly		76,343		—			101,677			25,334
CMBX.NA.BBB.7		GSC	USD	25,000		(3.00	%)		01/17/47		Monthly		2,268		—			2,905			637
CMBX.NA.BBB.9		MSC	USD	950,000		(3.00	%)		09/17/58		Monthly		102,117		—			104,997			2,880
CMBX.NA.BBB.9		MSC	USD	435,000		(3.00	%)		09/17/58		Monthly		49,802		—			48,005			(1,797	)
CMBX.NA.BBB.9		GSC	USD	955,000		(3.00	%)		09/17/58		Monthly		107,956		—			105,550			(2,406	)
CMBX.NA.BBB.9		MSC	USD	1,540,000		(3.00	%)		09/17/58		Monthly		181,052		—			169,949			(11,103	)
CMBX.NA.BBB.9		DEUT	USD	2,730,000		(3.00	%)		09/17/58		Monthly		329,749		—			301,730			(28,019	)
CMBX.NA.BBB.9		JPM	USD	2,950,000		(3.00	%)		09/17/58		Monthly		362,572		—			326,044			(36,528	)
CMBX.NA.BBB.9		MSC	USD	5,785,000		(0.50	%)		09/17/58		Monthly		71,599		—			(11,027	)		(82,626	)
Total												$	6,314,327	$	—		$	4,923,559		$	(1,390,768	)
Sell protection:
ABX.HE.AAA.07		MSC	USD	1,516,022		0.09	%		08/25/37		Monthly	$	14,837	$	—		$	(71,868	)	$	(86,705	)
ABX.HE.AAA.07		MSCC	USD	3,679,672		0.09	%		08/25/37		Monthly		36,067		—			(174,435	)		(210,502	)
ABX.HE.PENAAA.06		BCLY	USD	3,747,681		0.11	%		05/25/46		Monthly		—		(101,115	)		(238,846	)		(137,731	)
CMBX.NA.A.6		GSC	USD	1,915,000		2.00	%		05/11/63		Monthly		24,998		—			(84,424	)		(109,422	)
CMBX.NA.BB.6		MSC	USD	1,065,000		5.00	%		05/11/63		Monthly		—		(192,850	)		(252,176	)		(59,326	)
CMBX.NA.BB.6		CSI	USD	1,825,000		5.00	%		05/11/63		Monthly		—		(364,625	)		(432,639	)		(68,014	)
CMBX.NA.BB.6		CSI	USD	965,000		5.00	%		05/11/63		Monthly		—		(141,075	)		(228,765	)		(87,690	)
CMBX.NA.BB.6		CSI	USD	3,270,000		5.00	%		05/11/63		Monthly		—		(676,929	)		(775,195	)		(98,266	)
CMBX.NA.BB.6		CSI	USD	2,671,000		5.00	%		05/11/63		Monthly		—		(483,635	)		(632,452	)		(148,817	)
CMBX.NA.BB.6		CSI	USD	2,795,000		5.00	%		05/11/63		Monthly		—		(506,088	)		(661,814	)		(155,726	)
CMBX.NA.BB.6		CSI	USD	2,795,000		5.00	%		05/11/63		Monthly		—		(506,088	)		(661,814	)		(155,726	)
CMBX.NA.BB.6		CSI	USD	2,800,000		5.00	%		05/11/63		Monthly		—		(506,993	)		(662,998	)		(156,005	)
CMBX.NA.BB.6		GSC	USD	2,855,000		5.00	%		05/11/63		Monthly		—		(307,371	)		(676,021	)		(368,650	)
CMBX.NA.BB.8		DEUT	USD	1,455,000		5.00	%		10/17/57		Monthly		—		(359,844	)		(351,135	)		8,709
CMBX.NA.BB.8		MSC	USD	5,083,000		5.00	%		10/17/57		Monthly		—		(1,397,865	)		(1,225,267	)		172,598
CMBX.NA.BB.8		CSI	USD	2,507,000		5.00	%		10/17/57		Monthly		—		(689,399	)		(604,317	)		85,082
CMBX.NA.BB.8		GSC	USD	3,445,000		5.00	%		10/17/57		Monthly		—		(848,237	)		(831,381	)		16,856
CMBX.NA.BB.8		GSC	USD	240,000		5.00	%		10/17/57		Monthly		—		(27,369	)		(57,853	)		(30,484	)
CMBX.NA.BBB.6		MSC	USD	465,000		3.00	%		05/11/63		Monthly		—		(40,320	)		(67,767	)		(27,447	)
CMBX.NA.BBB.6		MSC	USD	2,265,000		3.00	%		05/11/63		Monthly		—		(372,256	)		(330,469	)		41,787
CMBX.NA.BBB.6		GSC	USD	1,255,000		3.00	%		05/11/63		Monthly		—		(211,928	)		(183,124	)		28,804

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

169

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

OTC Credit Default Swap Contracts Outstanding at December 31, 2017 - (continued)
	Counter- party		Notional Amount(a)			(Pay)/Receive Fixed Rate			Expiration Date		Periodic Payment Frequency		Upfront Premiums Paid		Upfront Premiums Received			Market Value†			Unrealized Appreciation/ (Depreciation)
Reference Entity
Credit default swaps on indices: - (continued)
Sell protection: - (continued)
CMBX.NA.BBB.6		MSC		USD	1,000,000		3.00	%		05/11/63		Monthly	$	—	$	(170,281	)	$	(145,915	)	$	24,366
CMBX.NA.BBB.6		DEUT		USD	1,005,000		3.00	%		05/11/63		Monthly		—		(170,889	)		(146,632	)		24,257
CMBX.NA.BBB.6		MSC		USD	1,130,000		3.00	%		05/11/63		Monthly		—		(188,819	)		(164,870	)		23,949
CMBX.NA.BBB.6		MSC		USD	4,245,000		3.00	%		05/11/63		Monthly		—		(633,902	)		(618,648	)		15,254
CMBX.NA.BBB.6		MSC		USD	610,000		3.00	%		05/11/63		Monthly		—		(103,924	)		(89,000	)		14,924
CMBX.NA.BBB.6		DEUT		USD	2,180,000		3.00	%		05/11/63		Monthly		—		(328,982	)		(317,703	)		11,279
CMBX.NA.BBB.6		CSI		USD	2,060,000		3.00	%		05/11/63		Monthly		—		(300,826	)		(300,216	)		610
CMBX.NA.BBB.6		CSI		USD	920,000		3.00	%		05/11/63		Monthly		—		(129,598	)		(134,230	)		(4,632	)
CMBX.NA.BBB.6		GSC		USD	2,725,000		3.00	%		05/11/63		Monthly		—		(305,491	)		(397,357	)		(91,866	)
Total													$	75,902	$	(10,066,699	)	$	(11,519,331	)	$	(1,528,534	)
Total traded indices													$	6,390,229	$	(10,066,699	)	$	(6,595,772	)	$	(2,919,302	)
Credit default swaps on single-name issues:
Sell protection:
South Africa (Republic of)		MSC		USD	3,120,000		1.00	%		12/20/22		Quarterly	$	—	$	(104,200	)	$	(80,641	)	$	23,559
United Mexican States		MSC		USD	3,005,000		1.00	%		12/20/22		Quarterly		1,390		—			(8,435	)		(9,825	)
Total													$	1,390	$	(104,200	)	$	(89,076	)	$	13,734
Total single-name issues													$	1,390	$	(104,200	)	$	(89,076	)	$	13,734
Total OTC contracts													$	6,391,619	$	(10,170,899	)	$	(6,684,848	)	$	(2,905,568	)

^(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.

Centrally Cleared Credit Default Swap Contracts Outstanding at December 31, 2017
Reference Entity	Notional Amount(a)			(Pay)/Receive Fixed Rate			Expiration Date		Periodic Payment Frequency		Cost Basis			Value†			Unrealized Appreciation/ (Depreciation)
Credit default swaps on indices:
Buy protection:
CDX.EM.28		USD	15,486,050		(1.00	%)		12/20/22		Quarterly	$	531,435		$	129,955		$	(401,480	)
CDX.NA.HY.29		USD	13,720,000		(5.00	%)		12/20/22		Quarterly		1,021,652			1,134,882			113,230
CDX.NA.HY.29		USD	24,390,000		(5.00	%)		12/20/22		Quarterly		(1,951,709	)		(2,017,477	)		(65,768	)
CDX.NA.IG.29		USD	44,580,000		(1.00	%)		12/20/22		Quarterly		963,728			1,068,602			104,874
ITRAXX.EUR.28		EUR	14,775,000		(1.00	%)		12/20/22		Quarterly		437,380			483,498			46,118
ITRAXX.XOVER.28		EUR	2,365,000		(5.00	%)		12/20/22		Quarterly		310,422			344,951			34,529
Total											$	1,312,908		$	1,144,411		$	(168,497	)
Total											$	1,312,908		$	1,144,411		$	(168,497	)

^(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.

OTC Interest Rate Swap Contracts Outstanding at December 31, 2017

Counterparty

Payments made by Fund

Payments received by Fund

Notional Amount

Expiration Date

Periodic Payment Frequency

Upfront Premiums Paid

Upfront Premiums Received

Value†

Unrealized Appreciation/ (Depreciation)

BOA

1.82% Fixed

CPURNSA

USD

14,525,000

09/22/25

At maturity

$

—

$

—

$

305,827

$

305,827

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

170

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Centrally Cleared Interest Rate Swap Contracts Outstanding at December 31, 2017
Payments made by Fund	Payments received by Fund		Notional Amount			Expiration Date		Periodic Payment Frequency		Upfront Premiums Paid		Upfront Premiums Received			Value†			Unrealized Appreciation/ (Depreciation)
12M Federal Funds Rate		1.62% Fixed		USD	13,700,000		11/14/26		Annual	$	—	$	—		$	479,038		$	479,038
3M USD LIBOR		2.00% Fixed		USD	17,550,000		03/21/23		Semi-Annual		89,961		—			227,602			137,641
3M USD LIBOR		2.27% Fixed		USD	20,325,000		07/14/27		Semi-Annual		—		—			31,004			31,004
3M USD LIBOR		2.25% Fixed		USD	16,275,000		03/21/28		Semi-Annual		219,373		—			246,280			26,907
3M USD LIBOR		2.54% Fixed		USD	3,500,000		11/15/43		Semi-Annual		14,893		—			(2,932	)		(17,825	)
3M USD LIBOR		2.68% Fixed		USD	5,375,000		11/15/43		Semi-Annual		—		—			(154,021	)		(154,021	)
3M USD LIBOR		2.55% Fixed		USD	1,750,000		08/03/47		Semi-Annual		—		—			(19,688	)		(19,688	)
3M USD LIBOR		2.75% Fixed		USD	22,395,000		12/20/47		Semi-Annual		—		(505,130	)		(1,059,023	)		(553,893	)
Total										$	324,227	$	(505,130	)	$	(251,740	)	$	(70,837	)

Foreign Currency Contracts Outstanding at December 31, 2017
Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Counterparty	Settlement Date	Appreciation		Depreciation
	6,939,000	EGP		374,070	USD	CBK	03/06/18	$	9,287	$	—
	3,154,000	EGP		166,438	USD	GSC	03/06/18		7,810		—
	2,523,000	EGP		132,789	USD	GSC	03/06/18		6,598		—
	18,730,000	EGP		954,152	USD	CBK	03/29/18		75,822		—
	190,227	USD		250,000	AUD	NAB	01/16/18		—		(4,836	)
	484,559	USD		620,000	AUD	DEUT	01/24/18		796		—
	159,779	USD		210,000	AUD	NAB	01/30/18		—		(4,078	)
	248,057	USD		315,000	CAD	GSC	01/03/18		—		(2,559	)
	244,136	USD		315,000	CAD	DEUT	01/05/18		—		(6,494	)
	1,108,800	USD		1,384,000	CAD	JPM	01/25/18		7,317		—
	328,160	USD		410,000	CAD	BOA	02/01/18		1,830		—
	300,720	USD		375,000	CAD	SSG	03/26/18		2,055		—
	649,305	USD		12,616,000	EGP	GSC	03/06/18		—		(47,688	)
	958,547	USD		18,730,000	EGP	GSC	03/29/18		—		(71,427	)
	295,783	USD		250,000	EUR	CBK	01/10/18		—		(4,362	)
	2,548,881	USD		2,140,000	EUR	JPM	01/16/18		—		(21,355	)
	1,681,105	USD		1,430,000	EUR	CBK	01/19/18		—		(36,722	)
	416,893	USD		350,000	EUR	DEUT	01/23/18		—		(3,663	)
	615,613	USD		525,000	EUR	NAB	01/23/18		—		(15,220	)
	165,237	USD		140,000	EUR	SSG	01/29/18		—		(3,050	)
	626,474	USD		525,000	EUR	SSG	01/29/18		—		(4,603	)
	437,706	USD		370,000	EUR	SSG	01/29/18		—		(7,053	)
	850,902	USD		720,000	EUR	WEST	01/29/18		—		(14,575	)
	1,864,651	USD		1,585,000	EUR	MSC	01/31/18		—		(40,724	)
	5,016,881	USD		4,217,000	EUR	CBK	01/31/18		—		(52,499	)
	4,998,516	USD		4,217,000	EUR	BOA	01/31/18		—		(70,864	)
	2,853,354	USD		2,445,000	EUR	JPM	02/01/18		—		(86,010	)
	2,163,205	USD		1,830,000	EUR	SSG	02/16/18		—		(38,583	)
	47,435	USD		40,000	EUR	HSBC	02/20/18		—		(702	)
	941,652	USD		795,000	EUR	JPM	02/20/18		—		(15,068	)
	973,964	USD		830,000	EUR	CSFB	02/23/18		—		(25,038	)
	2,112,110	USD		1,773,000	EUR	HSBC	03/21/18		—		(25,731	)
	47,518	USD		40,000	EUR	HSBC	03/22/18		—		(717	)
	1,153,025	USD		980,000	EUR	SCB	03/22/18		—		(28,716	)
	167,616	USD		125,000	GBP	SSG	01/16/18		—		(1,246	)
	1,222,956	USD		910,000	GBP	JPM	01/16/18		—		(6,354	)
	701,406	USD		520,000	GBP	SSG	01/19/18		—		(1,135	)
	2,986,884	USD		335,000,000	JPY	CBK	01/16/18		11,327		—
	3,131,277	USD		350,000,000	JPY	GSC	01/22/18		21,545		—
	2,919,160	USD		330,000,000	JPY	BOA	01/22/18		—		(12,873	)
	347,794	USD		39,400,000	JPY	JPM	01/29/18		—		(2,396	)
	2,950,607	USD		330,000,000	JPY	ANZ	02/05/18		16,727		—

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

171

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Foreign Currency Contracts Outstanding at December 31, 2017 - (continued)
Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Counterparty	Settlement Date	Appreciation		Depreciation
	4,647,567	USD		522,400,000	JPY	JPM	03/05/18	$	—	$	(3,590	)
	2,620,498	USD		295,600,000	JPY	BCLY	03/19/18		—		(13,700	)
	1,963,475	USD		2,745,000	NZD	SSG	01/17/18		18,533		—
	561,453	USD		4,500,000	SEK	MSC	01/17/18		12,290		—
	Total							$	191,937	$	(673,631	)

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

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
ANZ	Australia and New Zealand Banking Group
BCLY	Barclays
BOA	Banc of America Securities LLC
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.
MSC	Morgan Stanley
NAB	National Australia Bank Limited
SCB	Standard Chartered Bank
SSG	State Street Global Markets LLC
WEST	Westpac International
Currency Abbreviations:
ARS	Argentine Peso
AUD	Australian Dollar
CAD	Canadian Dollar
EGP	Egyptian Pound
EUR	Euro
GBP	British Pound
JPY	Japanese Yen
NZD	New Zealand Dollar
SEK	Swedish Krona
USD	United States Dollar

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 iTraxx - Europe
ITRAXX.XOV	Markit iTraxx Index - Europe Crossover
Other Abbreviations:
CLO	Collateralized Loan Obligation
CMO	Collateralized Mortgage Obligation
EM	Emerging Markets
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
FX	Foreign Exchange
GNMA	Government National Mortgage Association
LIBOR	London Interbank Offered Rate
MSCI	Morgan Stanley Capital International
MTA	Monthly Treasury Average
OTC	Over-the-Counter
TBA	To Be Announced
Municipal Abbreviations:
GO	General Obligation

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

172

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total			Level 1(1)			Level 2(1)			Level 3(1)
Assets
Asset & Commercial Mortgage Backed Securities	$	867,906,424		$	—		$	867,906,424		$	—
Corporate Bonds		607,975,087			—			607,975,087			—
Foreign Government Obligations		47,757,271			—			47,757,271			—
Municipal Bonds		40,517,280			—			40,517,280			—
Senior Floating Rate Interests		60,126,975			—			60,126,975			—
U.S. Government Agencies		1,036,947,783			—			1,036,947,783			—
U.S. Government Securities		150,492,247			—			150,492,247			—
Common Stocks
Energy		30,570			—			30,570			—
Utilities		1			—			—			1
Preferred Stocks		2,543,377			2,543,377			—			—
Short-Term Investments		88,811,200			27,606,119			61,205,081			—
Purchased Swaptions		4,184,607			—			4,184,607			—
Foreign Currency Contracts(2)		191,937			—			191,937			—
Futures Contracts(2)		1,312,227			1,312,227			—			—
Swaps - Credit Default(2)		1,163,723			—			1,163,723			—
Swaps - Interest Rate(2)		980,417			—			980,417			—
Total	$	2,910,941,126		$	31,461,723		$	2,879,479,402		$	1
Liabilities
Foreign Currency Contracts(2)	$	(673,631	)	$	—		$	(673,631	)	$	—
Futures Contracts(2)		(2,960,675	)		(2,960,675	)		—			—
Swaps - Credit Default(2)		(4,237,788	)		—			(4,237,788	)		—
Swaps - Interest Rate(2)		(745,427	)		—			(745,427	)		—
TBA Sale Commitments		(292,744,567	)		—			(292,744,567	)		—
Total	$	(301,362,088	)	$	(2,960,675	)	$	(298,401,413	)	$	—

⁽¹⁾  For the year ended December 31, 2017, there were no transfers between Level 1 and Level 2, and investments valued at $145,572 were transferred from Level 3 to Level 2 due to the expiration of trading restrictions.

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

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the year ended December 31, 2017 is not presented.

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.

173

Hartford Ultrashort Bond HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 28.6%
			Asset-Backed - Automobile - 12.8%
			Ally Auto Receivables Trust
	$	1,743,661	1.38%, 10/15/2019	$	1,741,385
		2,850,000	1.53%, 03/16/2020		2,845,860
			American Credit Acceptance Receivables Trust
		801,908	1.72%, 06/15/2020(1)		801,119
		1,454,523	1.84%, 07/13/2020(1)		1,453,285
			AmeriCredit Automobile Receivables Trust
		25,851	1.26%, 11/08/2019		25,848
		145,930	1.42%, 10/08/2019		145,891
		505,000	1.46%, 05/10/2021		502,679
		345,934	1.51%, 05/18/2020		345,377
		732,292	1.65%, 09/18/2020		731,173
		770,000	1.69%, 12/18/2020		768,929
		635,000	ARI Fleet Lease Trust 1.91%, 04/15/2026(1)		633,585
		884,362	BMW Vehicle Lease Trust 1.64%, 07/22/2019		883,537
		320,000	Canadian Pacer Auto Receivables Trust 2.05%, 03/19/2021(1)		318,456
			Capital Auto Receivables Asset Trust
		206,907	1.62%, 03/20/2019		206,889
		1,240,000	1.86%, 10/21/2019		1,239,941
		335,000	2.02%, 08/20/2021(1)		334,093
			CarMax Auto Owner Trust
		167,709	1.24%, 06/17/2019		167,654
		1,084,992	1.32%, 07/15/2019		1,084,225
		2,000,000	1.40%, 08/15/2021		1,979,838
		915,460	1.54%, 02/18/2020		914,252
		2,887,100	1.56%, 11/16/2020		2,878,631
			Chesapeake Funding LLC
		1,255,000	1.91%, 08/15/2029(1)		1,248,632
		700,000	1 mo. USD LIBOR + 1.000%, 1.93%, 05/15/2029(1)(2)		701,509
		1,520,000	2.12%, 11/15/2029(1)		1,515,820
		980,497	1 mo. USD LIBOR + 1.150%, 2.63%, 03/15/2028(1)(2)		984,870
			Chrysler Capital Auto Receivables Trust
		286,362	1.36%, 01/15/2020(1)		286,030
		1,759,766	1.76%, 12/16/2019(1)		1,759,596
		199,386	CPS Auto Receivables Trust 1.78%, 09/15/2020(1)		199,071
		576,975	CPS Auto Trust 1.87%, 03/15/2021(1)		573,582
		267,376	Drive Auto Receivables Trust 1.63%, 08/15/2019		267,280
			Enterprise Fleet Financing LLC
		1,975,563	1.74%, 02/22/2022(1)		1,971,643
		815,000	1.97%, 01/20/2023(1)		813,365
		940,000	2.13%, 05/22/2023(1)		938,332
		902,425	Fifth Third Auto Trust 1.42%, 03/16/2020		900,657
			First Investors Auto Owner Trust
		391,208	1.69%, 04/15/2021(1)		390,277
		414,608	1.86%, 10/15/2021(1)		414,082
			Flagship Credit Auto Trust
		668,781	1.85%, 07/15/2021(1)		667,161
		2,478,112	1.88%, 10/15/2021(1)		2,463,712
		922,468	Ford Credit Auto Lease Trust 1.56%, 11/15/2019		921,213

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 28.6% - (continued)
			Asset-Backed - Automobile - 12.8% - (continued)
			Ford Credit Auto Owner Trust
	$	1,125,123	1.04%, 09/15/2019	$	1,122,257
		1,000,000	2.12%, 07/15/2026(1)		997,961
		1,500,000	2.26%, 11/15/2025(1)		1,503,049
			GM Financial Automobile Leasing Trust
		167,609	1.28%, 10/22/2018		167,543
		590,000	1.61%, 12/20/2019		588,037
		605,997	1.67%, 09/20/2019		605,230
		293,407	1.68%, 12/20/2018		293,351
			GM Financial Consumer Automobile
		398,867	1.51%, 03/16/2020(1)		398,263
		465,344	1 mo. USD LIBOR + 0.120%, 1.61%, 03/16/2020(1)(2)		465,489
		1,000,000	GM Financial Consumer Automobile Receivables Trust 1.71%, 09/16/2020(1)		997,384
		883,687	Harley-Davidson Motorcycle Trust 1.41%, 06/15/2020		882,251
		586,626	Huntington Auto Trust 1.29%, 05/15/2019		586,246
			Hyundai Auto Lease Securitization Trust
		810,000	1.52%, 10/15/2019(1)		808,729
		3,040,000	1.88%, 08/17/2020(1)		3,031,454
		1,608,245	Hyundai Auto Receivables Trust 1.48%, 02/18/2020		1,605,714
			Mercedes-Benz Auto Lease Trust
		417,684	1.15%, 01/15/2019		417,311
		2,633,294	1.53%, 08/15/2019		2,629,025
		1,205,000	Mercedes-Benz Auto Receivables Trust 1.26%, 02/16/2021		1,196,813
		12,778	Nissan Auto Lease Trust 1.22%, 08/15/2018		12,776
		262,954	Nissan Auto Receivables Owner Trust 1.05%, 04/15/2019		262,849
		1,960,000	OneMain Direct Auto Receivables Trust 2.31%, 12/14/2021(1)		1,958,522
			Prestige Auto Receivables Trust
		864,908	1.46%, 07/15/2020(1)		862,888
		102,564	1.78%, 08/15/2019(1)		102,564
		1,390,000	1.80%, 11/16/2020(1)		1,388,889
		341,474	Santander Drive Auto Receivables Trust 1.49%, 02/18/2020		341,136
			Securitized Term Auto Receivables Trust
		593,017	1.51%, 04/25/2019(1)		592,220
		640,000	1.78%, 01/27/2020(1)		638,645
		1,500,000	2.21%, 06/25/2021(1)		1,491,272
		438,674	Toyota Auto Receivables Owner Trust 1.30%, 04/15/2020		437,026
			Westlake Automobile Receivables Trust
		724,255	1.57%, 06/17/2019(1)		723,971
		881,016	1.78%, 04/15/2020(1)		880,419
		875,000	1.80%, 07/15/2020(1)		873,605
			Wheels SPV LLC
		284,979	1.59%, 05/20/2025(1)		284,219
		540,000	1.88%, 04/20/2026(1)		537,792
		859,323	World Omni Automobile Lease Securitization Trust 1.68%, 12/16/2019		857,332
					67,561,711

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

174

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 28.6% - (continued)
			Asset-Backed - Credit Card - 7.5%
	$	2,995,000	BA Credit Card Trust 1 mo. USD LIBOR + 0.380%, 1.86%, 06/15/2021(2)	$	3,003,365
		915,000	Barclays Dryrock Issuance Trust 1 mo. USD LIBOR + 0.330%, 1.81%, 03/15/2023(2)		917,557
			Cabela’s Credit Card Master Note Trust
		1,785,000	1.78%, 06/15/2022		1,774,592
		3,000,000	1 mo. USD LIBOR + 0.450%, 1.93%, 07/15/2022(2)		3,010,243
		2,500,000	Capital One Multi-Asset Execution Trust 1 mo. USD LIBOR + 0.450%, 1.93%, 02/15/2022(2)		2,511,840
			CARDS Trust
		1,815,000	1 mo. USD LIBOR + 0.370%, 1.85%, 04/18/2022(1)(2)		1,819,205
		2,480,000	1 mo. USD LIBOR + 0.700%, 2.18%, 07/15/2021(1)(2)		2,487,253
			Chase Issuance Trust
		2,250,000	1.27%, 07/15/2021		2,223,526
		6,000,000	1 mo. USD LIBOR + 0.420%, 1.90%, 11/16/2020(2)		6,016,288
		4,750,000	Evergreen Credit Card Trust 1 mo. USD LIBOR + 0.720%, 2.20%, 04/15/2020(1)(2)		4,758,846
		3,650,000	Master Credit Card Trust 1 mo. USD LIBOR + 0.750%, 2.26%, 09/23/2019(1)(2)		3,655,709
		2,000,000	Penarth Master Issuer plc 1 mo. USD LIBOR + 0.650%, 2.14%, 03/18/2020(1)(2)		2,001,824
		2,855,000	Synchrony Credit Card Master Note Trust 1.60%, 04/15/2021		2,853,181
		2,380,000	Trillium Credit Card Trust 1 mo. USD LIBOR + 0.720%, 2.27%, 05/26/2021(1)(2)		2,385,991
					39,419,420
			Asset-Backed - Finance & Insurance - 5.8%
			CNH Equipment Trust
		763,039	1.26%, 02/18/2020		761,580
		395,164	1.31%, 10/15/2019		394,847
		2,006,978	1.64%, 07/15/2020		2,004,059
		1,625,000	1.84%, 03/15/2021		1,622,552
		860,000	DLL Securitization Trust 1.89%, 07/15/2020(1)		858,453
			Ford Credit Floorplan Master Owner Trust
		1,745,000	1 mo. USD LIBOR + 0.530%, 2.01%, 07/15/2020(2)		1,748,094
		1,380,000	1 mo. USD LIBOR + 0.600%, 2.08%, 08/15/2020(2)		1,383,710
			GMF Floorplan Owner Revolving Trust
		2,675,000	1 mo. USD LIBOR + 0.430%, 1.91%, 07/15/2022(1)(2)		2,684,388
		1,150,000	1 mo. USD LIBOR + 0.500%, 1.98%, 05/15/2020(1)(2)		1,151,480
		1,440,000	1 mo. USD LIBOR + 0.570%, 2.05%, 01/18/2022(1)(2)		1,448,624

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 28.6% - (continued)
			Asset-Backed - Finance & Insurance - 5.8% - (continued)
	$	826,200	GreatAmerica Leasing Receivables Funding LLC 1.72%, 04/22/2019(1)	$	825,505
			John Deere Owner Trust
		397,989	1.09%, 02/15/2019		397,743
		823,621	1.50%, 10/15/2019		822,542
		455,000	1.59%, 04/15/2020		453,870
		291,322	Kubota Credit Owner Trust 1.25%, 04/15/2019(1)		290,873
			MMAF Equipment Finance LLC
		944,562	1.39%, 10/16/2019(1)		943,696
		827,634	1.73%, 05/18/2020(1)		826,485
		1,880,000	1.93%, 10/15/2020(1)		1,876,731
			New York City Tax Lien
		185,542	1.47%, 11/10/2029(1)		185,078
		1,617,222	1.87%, 11/10/2030(1)		1,611,033
			Verizon Owner Trust
		2,250,000	1.42%, 01/20/2021(1)		2,235,221
		730,000	1.92%, 12/20/2021(1)		725,157
		905,000	2.06%, 09/20/2021(1)		902,730
		3,965,000	Volvo Financial Equipment LLC 1.55%, 10/15/2019(1)		3,958,572
		230,000	Volvo Financial Equipment Master Owner Trust 1 mo. USD LIBOR + 0.500%, 1.98%, 11/15/2022(1)(2)		230,654
					30,343,677
			Asset-Backed - Home Equity - 0.3%
		1,562,570	New Residential Mortgage Loan Trust 4.00%, 08/27/2057(1)(3)		1,603,538
			Asset-Backed - Student Loan - 1.4%
			Navient Student Loan Trust
		1,099,088	1 mo. USD LIBOR + 0.400%, 1.95%, 07/26/2066(1)(2)		1,100,277
		413,218	1 mo. USD LIBOR + 0.480%, 2.03%, 03/25/2066(1)(2)		413,942
			SLM Student Loan Trust
		1,117,734	3 mo. USD LIBOR + 0.090%, 1.46%, 10/25/2024(2)		1,116,673
		890,094	3 mo. USD LIBOR + 0.120%, 1.49%, 01/25/2027(2)		885,999
		82,734	1 mo. USD LIBOR + 0.350%, 1.68%, 10/25/2021(2)		82,770
		1,139,475	1 mo. USD LIBOR + 0.520%, 1.85%, 03/25/2026(2)		1,143,637
		1,782,564	1 mo. USD LIBOR + 0.600%, 1.93%, 11/25/2027(2)		1,794,196
		735,167	SoFi Professional Loan Program LLC 1 mo. USD LIBOR + 1.600%, 2.84%, 06/25/2025(1)(2)		745,573
					7,283,067
			Commercial Mortgage-Backed Securities - 0.8%
		112,384	Community or Commercial Mortgage Trust 1.91%, 01/10/2046		112,327
		1,365,000	FREMF Mortgage Trust 1 mo. USD LIBOR + 0.320%, 1.56%, 02/25/2020(2)		1,368,354

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

175

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 28.6% - (continued)
			Commercial Mortgage-Backed Securities - 0.8% - (continued)
	$	800,000	GS Mortgage Securities Corp. Trust 1 mo. USD LIBOR + 0.700%, 2.18%, 07/15/2032(1)(2)	$	800,808
		2,081,615	LB-UBS Commercial Mortgage Trust 6.32%, 04/15/2041(3)		2,085,154
					4,366,643
			Total Asset & Commercial Mortgage Backed Securities (cost $150,867,967)	$	150,578,056
CORPORATE BONDS - 45.4%
			Agriculture - 1.0%
		2,000,000	BAT International Finance plc 3 mo. USD LIBOR + 0.510%, 2.10%, 06/15/2018(1)(2)	$	2,001,544
		1,750,000	Philip Morris International, Inc. 3 mo. USD LIBOR + 0.420%, 1.86%, 02/21/2020(2)		1,758,461
		1,425,000	Reynolds American, Inc. 2.30%, 06/12/2018		1,426,671
					5,186,676
			Auto Manufacturers - 4.3%
		2,000,000	American Honda Finance Corp. 2.00%, 11/13/2019		1,993,152
			Daimler Finance North America LLC
		1,750,000	1.50%, 07/05/2019(1)		1,729,527
		2,000,000	1.65%, 05/18/2018(1)		1,998,237
			Ford Motor Credit Co. LLC
		1,500,000	2.26%, 03/28/2019		1,497,746
		2,500,000	3 mo. USD LIBOR + 0.830%, 2.38%, 03/12/2019(2)		2,512,587
		1,500,000	Harley-Davidson Financial Services, Inc. 2.25%, 01/15/2019(1)		1,500,240
			Nissan Motor Acceptance Corp.
		2,000,000	1.50%, 03/02/2018(1)		1,998,839
		1,900,000	3 mo. USD LIBOR + 0.390%, 2.08%, 09/28/2020(1)(2)		1,903,035
			PACCAR Financial Corp.
		1,000,000	1.40%, 05/18/2018		997,928
		1,500,000	3 mo. USD LIBOR + 0.600%, 2.11%, 12/06/2018(2)		1,506,772
		2,000,000	Toyota Motor Credit Corp. 3 mo. USD LIBOR + 0.260%, 1.61%, 04/17/2020(2)		2,003,913
		3,000,000	Volkswagen Group of America Finance LLC 3 mo. USD LIBOR + 0.470%, 1.92%, 05/22/2018(1)(2)		3,000,542
					22,642,518
			Beverages - 2.3%
		5,000,000	Anheuser-Busch InBev Finance, Inc. 3 mo. USD LIBOR + 0.400%, 1.78%, 02/01/2019(2)		5,013,779
		6,000,000	Anheuser-Busch InBev Worldwide, Inc. 3 mo. USD LIBOR + 0.690%, 2.07%, 08/01/2018(2)		6,018,222

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 45.4% - (continued)
			Beverages - 2.3% - (continued)
	$	1,250,000	PepsiCo, Inc. 3 mo. USD LIBOR + 0.040%, 1.42%, 05/02/2019(2)	$	1,248,731
					12,280,732
			Biotechnology - 0.6%
		2,000,000	Amgen, Inc. 3 mo. USD LIBOR + 0.320%, 1.73%, 05/10/2019(2)		2,003,353
		1,205,000	Gilead Sciences, Inc. 1.85%, 09/20/2019		1,199,993
					3,203,346
			Chemicals - 0.5%
		1,250,000	Air Liquide Finance S.A. 1.38%, 09/27/2019(1)		1,230,463
		1,450,000	EI du Pont de Nemours & Co. 3 mo. USD LIBOR + 0.530%, 1.91%, 05/01/2020(2)		1,459,107
					2,689,570
			Commercial Banks - 19.2%
		2,200,000	ABN Amro Bank N.V. 3 mo. USD LIBOR + 0.640%, 1.99%, 01/18/2019(1)(2)		2,209,086
			Bank of America Corp.
		1,280,000	2.00%, 01/11/2018		1,280,026
		1,500,000	3 mo. USD LIBOR + 0.650%, 2.35%, 10/01/2021(2)		1,506,963
		2,000,000	3 mo. USD LIBOR + 1.040%, 2.40%, 01/15/2019(2)		2,016,600
		720,000	5.65%, 05/01/2018		728,592
		1,350,000	Bank of Montreal 1.35%, 08/28/2018		1,345,687
		1,750,000	Bank of Nova Scotia 1.65%, 06/14/2019		1,736,299
			BB&T Corp.
		2,500,000	3 mo. USD LIBOR + 0.660%, 2.04%, 02/01/2019(2)		2,513,041
		1,500,000	3 mo. USD LIBOR + 0.570%, 2.16%, 06/15/2020(2)		1,508,563
			Capital One Financial Corp.
		1,250,000	3 mo. USD LIBOR + 0.760%, 2.17%, 05/12/2020(2)		1,255,740
		1,500,000	3 mo. USD LIBOR + 0.950%, 2.49%, 03/09/2022(2)		1,504,352
		4,000,000	Citigroup, Inc. 3 mo. USD LIBOR + 0.770%, 2.12%, 04/08/2019(2)		4,022,048
		1,500,000	Citizens Bank NA 3 mo. USD LIBOR + 0.540%, 2.03%, 03/02/2020(2)		1,502,941
		2,070,000	Commonwealth Bank of Australia 3 mo. USD LIBOR + 0.640%, 2.03%, 11/07/2019(1)(2)		2,086,192
		2,500,000	Credit Agricole S.A. 3 mo. USD LIBOR + 0.970%, 2.51%, 06/10/2020(1)(2)		2,535,555
			Credit Suisse AG
		2,250,000	1.70%, 04/27/2018		2,248,326
		2,250,000	3 mo. USD LIBOR + 0.680%, 2.05%, 04/27/2018(2)		2,253,301

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

176

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 45.4% - (continued)
			Commercial Banks - 19.2% - (continued)
			Danske Bank A/S
	$	1,500,000	3 mo. USD LIBOR + 0.510%, 2.00%, 03/02/2020(1)(2)	$	1,505,054
		2,000,000	3 mo. USD LIBOR + 0.580%, 2.09%, 09/06/2019(1)(2)		2,011,474
		1,500,000	Deutsche Bank AG 3 mo. USD LIBOR + 0.970%, 2.33%, 07/13/2020(2)		1,502,651
		1,500,000	DNB Bank ASA 3 mo. USD LIBOR + 0.370%, 2.07%, 10/02/2020(1)(2)		1,501,300
			Fifth Third Bank
		1,000,000	3 mo. USD LIBOR + 0.250%, 1.63%, 10/30/2020(2)		998,583
		500,000	2.20%, 10/30/2020		496,918
		2,350,000	3 mo. USD LIBOR + 0.590%, 2.27%, 09/27/2019(2)		2,364,877
			Goldman Sachs Group, Inc.
		2,000,000	3 mo. USD LIBOR + 1.160%, 2.52%, 04/23/2020(2)		2,030,814
		1,000,000	3 mo. USD LIBOR + 1.200%, 2.58%, 04/30/2018(2)		1,002,979
		3,500,000	3 mo. USD LIBOR + 1.170%, 2.59%, 11/15/2021(2)		3,551,160
		3,000,000	HSBC Bank plc 3 mo. USD LIBOR + 0.640%, 2.06%, 05/15/2018(1)(2)		3,004,966
			Huntington National Bank
		1,500,000	3 mo. USD LIBOR + 0.510%, 2.05%, 03/10/2020(2)		1,506,999
		1,500,000	2.20%, 11/06/2018		1,501,333
			ING Bank N.V.
		1,000,000	1.65%, 08/15/2019(1)		988,581
		2,300,000	3 mo. USD LIBOR + 0.550%, 2.15%, 03/16/2018(1)(2)		2,301,678
			JP Morgan Chase & Co.
		3,000,000	3 mo. USD LIBOR + 0.630%, 2.01%, 01/28/2019(2)		3,013,939
		1,500,000	3 mo. USD LIBOR + 0.680%, 2.16%, 06/01/2021(2)		1,508,435
			KeyBank NA
		1,000,000	1.60%, 08/22/2019		989,074
		1,600,000	3 mo. USD LIBOR + 0.520%, 2.00%, 06/01/2018(2)		1,602,593
		3,000,000	Morgan Stanley 3 mo. USD LIBOR + 0.850%, 2.22%, 01/24/2019(2)		3,015,635
			PNC Bank NA
		2,000,000	1.45%, 07/29/2019		1,974,876
		870,000	1.70%, 12/07/2018		867,422
		3,000,000	Royal Bank of Canada 3 mo. USD LIBOR + 0.450%, 1.80%, 01/10/2019(2)		3,009,425
		2,500,000	Santander UK plc 3 mo. USD LIBOR + 0.850%, 2.31%, 08/24/2018(2)		2,509,638
		3,000,000	Societe Generale S.A. 3 mo. USD LIBOR + 1.080%, 2.78%, 10/01/2018(2)		3,020,979
		2,000,000	Standard Chartered plc 3 mo. USD LIBOR + 0.640%, 1.99%, 04/17/2018(1)(2)		2,002,140

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 45.4% - (continued)
			Commercial Banks - 19.2% - (continued)
	$	1,250,000	Sumitomo Mitsui Banking Corp. 3 mo. USD LIBOR + 0.670%, 2.03%, 10/19/2018(2)	$	1,254,609
		3,000,000	SunTrust Bank 3 mo. USD LIBOR + 0.530%, 1.91%, 01/31/2020(2)		3,016,476
			Svenska Handelsbanken AB
		1,250,000	3 mo. USD LIBOR + 0.360%, 1.88%, 09/08/2020(2)		1,251,974
		1,665,000	3 mo. USD LIBOR + 0.490%, 2.00%, 09/06/2019(2)		1,672,966
		2,250,000	Toronto-Dominion Bank 1.45%, 08/13/2019		2,223,803
		875,000	U.S. Bancorp 3 mo. USD LIBOR + 0.490%, 1.91%, 11/15/2018(2)		877,576
		1,250,000	U.S. Bank NA 3 mo. USD LIBOR + 0.320%, 1.69%, 01/24/2020(2)		1,253,472
			UBS AG
		1,250,000	3 mo. USD LIBOR + 0.320%, 1.84%, 12/07/2018(1)(2)		1,251,136
		800,000	3 mo. USD LIBOR + 0.580%, 2.10%, 06/08/2020(1)(2)		803,490
		1,500,000	3 mo. USD LIBOR + 0.700%, 2.38%, 03/26/2018(2)		1,502,142
		715,000	2.45%, 12/01/2020(1)		712,845
		1,000,000	US Bank NA 2.05%, 10/23/2020		992,796
		2,000,000	Wells Fargo Bank NA 3 mo. USD LIBOR + 0.650%, 2.16%, 12/06/2019(2)		2,018,655
					100,868,775
			Diversified Financial Services - 2.1%
			American Express Credit Corp.
		1,000,000	3 mo. USD LIBOR + 0.330%, 1.72%, 05/03/2019(2)		1,001,933
		2,500,000	3 mo. USD LIBOR + 0.550%, 2.15%, 03/18/2019(2)		2,509,852
		3,000,000	General Electric Co. 3 mo. USD LIBOR + 0.710%, 2.41%, 04/02/2018(2)		3,004,503
		1,395,000	Private Export Funding Corp. 2.10%, 12/19/2019(1)		1,393,136
		1,465,000	Protective Life Global Funding 1.72%, 04/15/2019(1)		1,457,265
		1,700,000	Synchrony Financial 3 mo. USD LIBOR + 1.230%, 2.62%, 02/03/2020(2)		1,723,925
					11,090,614
			Electric - 1.3%
		1,250,000	American Electric Power Co., Inc. 2.15%, 11/13/2020		1,244,176
		2,000,000	Duke Energy Florida LLC 2.10%, 12/15/2019		1,998,379
		3,475,000	Pacific Gas & Electric Co. 3 mo. USD LIBOR + 0.230%, 1.71%, 11/28/2018(1)(2)		3,472,910
					6,715,465

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

177

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 45.4% - (continued)
			Electronics - 0.6%
			Honeywell International, Inc.
	$	2,000,000	3 mo. USD LIBOR + 0.280%, 1.66%, 10/30/2019(2)	$	2,006,217
		1,000,000	1.80%, 10/30/2019		994,714
					3,000,931
			Food - 0.6%
		1,500,000	JM Smucker Co. 2.20%, 12/06/2019		1,497,863
		1,500,000	Kraft Heinz Foods Co. 3 mo. USD LIBOR + 0.570%, 1.98%, 02/10/2021(2)		1,503,769
					3,001,632
			Healthcare-Services - 0.7%
		2,500,000	Roche Holdings, Inc. 3 mo. USD LIBOR + 0.340%, 2.03%, 09/30/2019(1)(2)		2,508,591
		1,000,000	UnitedHealth Group, Inc. 1.95%, 10/15/2020		990,860
					3,499,451
			Insurance - 2.7%
		2,000,000	Berkshire Hathaway, Inc. 1.15%, 08/15/2018		1,995,059
		1,400,000	Jackson National Life Global Funding 3 mo. USD LIBOR + 0.250%, 1.93%, 12/27/2018(1)(2)		1,400,008
			MassMutual Global Funding II
		1,500,000	1.55%, 10/11/2019(1)		1,482,062
		704,000	1.95%, 09/22/2020(1)		695,950
		2,460,000	Metropolitan Life Global Funding I 1.75%, 12/19/2018(1)		2,454,942
		2,000,000	New York Life Global Funding 3 mo. USD LIBOR + 0.270%, 1.62%, 04/09/2020(1)(2)		2,003,933
		4,000,000	Prudential Financial, Inc. 3 mo. USD LIBOR + 0.780%, 2.20%, 08/15/2018(2)		4,015,285
					14,047,239
			IT Services - 0.6%
		1,425,000	Apple, Inc. 3 mo. USD LIBOR + 0.070%, 1.48%, 05/11/2020(2)		1,423,356
		2,000,000	Hewlett Packard Enterprise Co. 2.10%, 10/04/2019(1)		1,986,311
					3,409,667
			Machinery - Construction & Mining - 0.5%
			Caterpillar Financial Services Corp.
		1,750,000	3 mo. USD LIBOR + 0.280%, 1.94%, 03/22/2019(2)		1,753,822
		1,000,000	2.00%, 11/29/2019		997,849
					2,751,671
			Machinery - Diversified - 1.1%
			John Deere Capital Corp.
		2,000,000	3 mo. USD LIBOR + 0.300%, 1.86%, 03/13/2020(2)		2,005,659
		1,125,000	3 mo. USD LIBOR + 0.290%, 1.95%, 06/22/2020(2)		1,126,190

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 45.4% - (continued)
			Machinery - Diversified - 1.1% - (continued)
	$	2,500,000	Roper Technologies, Inc. 2.05%, 10/01/2018	$	2,499,736
					5,631,585
			Media - 1.0%
			NBCUniversal Enterprise, Inc.
		3,000,000	3 mo. USD LIBOR + 0.685%, 2.04%, 04/15/2018(1)(2)		3,004,886
		1,125,000	3 mo. USD LIBOR + 0.400%, 2.10%, 04/01/2021(1)(2)		1,128,530
		1,315,000	Walt Disney Co. 0.88%, 07/12/2019		1,291,078
					5,424,494
			Miscellaneous Manufacturing - 0.6%
			Siemens Financieringsmaatschappij N.V.
		1,700,000	3 mo. USD LIBOR + 0.320%, 1.88%, 09/13/2019(1)(2)		1,707,390
		1,500,000	3 mo. USD LIBOR + 0.340%, 1.94%, 03/16/2020(1)(2)		1,505,445
					3,212,835
			Oil & Gas - 2.7%
			BP Capital Markets plc
		980,000	1.77%, 09/19/2019		974,439
		4,000,000	3 mo. USD LIBOR + 0.630%, 2.31%, 09/26/2018(2)		4,014,916
		1,500,000	Chevron Corp. 3 mo. USD LIBOR + 0.210%, 1.70%, 03/03/2020(2)		1,505,139
		3,000,000	ConocoPhillips Co. 3 mo. USD LIBOR + 0.330%, 1.75%, 05/15/2018(2)		3,000,392
		1,660,000	Phillips 66 3 mo. USD LIBOR + 0.750%, 2.11%, 04/15/2020(1)(2)		1,661,751
		3,000,000	Statoil ASA 3 mo. USD LIBOR + 0.460%, 1.86%, 11/08/2018(2)		3,007,655
					14,164,292
			Oil & Gas Services - 0.2%
		1,250,000	Schlumberger Finance Canada Ltd. 2.20%, 11/20/2020(1)		1,242,696
			Pharmaceuticals - 1.5%
		4,700,000	Allergan Funding SCS 3 mo. USD LIBOR + 1.080%, 2.63%, 03/12/2018(2)		4,706,864
		1,750,000	Baxalta, Inc. 3 mo. USD LIBOR + 0.780%, 2.44%, 06/22/2018(2)		1,753,673
		1,425,000	Cardinal Health, Inc. 1.95%, 06/14/2019		1,416,238
					7,876,775
			Retail - 0.9%
		2,000,000	Alimentation Couche-Tard, Inc. 2.35%, 12/13/2019(1)		1,999,879
		1,500,000	CVS Health Corp. 1.90%, 07/20/2018		1,499,548
		1,500,000	Home Depot, Inc. 3 mo. USD LIBOR + 0.150%, 1.65%, 06/05/2020(2)		1,502,565
					5,001,992

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

178

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
CORPORATE BONDS - 45.4% - (continued)
			Semiconductors - 0.4%
	$	2,000,000	QUALCOMM, Inc. 3 mo. USD LIBOR + 0.450%, 1.89%, 05/20/2020(2)	$	2,000,856
			Total Corporate Bonds (cost $238,610,607)	$	238,943,812
MUNICIPAL BONDS - 0.0%
			General - 0.0%
		170,000	Fresno County, CA 4.66%, 08/15/2018	$	172,689
			Total Municipal Bonds (cost $171,760)	$	172,689
U.S. GOVERNMENT AGENCIES - 8.2%
			FHLB - 7.1%
		15,000,000	0.88%, 01/30/2018	$	14,996,700
		7,250,000	1.25%, 01/16/2019		7,204,448
		15,000,000	1.38%, 05/28/2019		14,897,970
					37,099,118
			FHLMC - 1.1%
		3,825,000	0.75%, 04/09/2018		3,817,958
		2,000,000	1 mo. USD LIBOR + 0.200%, 1.55%, 10/25/2019(2)		2,002,536
					5,820,494
			Total U.S. Government Agencies (cost $43,022,248)	$	42,919,612
U.S. GOVERNMENT SECURITIES - 17.3%
			U.S. Treasury Securities - 17.3%
			U.S. Treasury Notes - 17.3%
		25,000,000	0.75%, 07/31/2018	$	24,876,953
		25,000,000	0.88%, 01/31/2018		24,992,924
		27,500,000	0.88%, 10/15/2018		27,321,679
		7,500,000	1.00%, 02/15/2018		7,497,270
		6,250,000	1.00%, 03/15/2019		6,187,256
					90,876,082
					90,876,082
			Total U.S. Government Securities (cost $91,016,002)	$	90,876,082
			Total Long-Term Investments (cost $523,688,584)	$	523,490,251

Shares or Principal Amount			Market Value†
SHORT-TERM INVESTMENTS - 0.3%
		Other Investment Pools & Funds - 0.3%
	1,400,242	Fidelity Institutional Government Fund, Institutional Class, 1.16%(4)	$	1,400,242
		Total Short-Term Investments (cost $1,400,242)	$	1,400,242

Total Investments (cost $525,088,826)	99.8	%	$	524,890,493
Other Assets and Liabilities	0.2	%		1,176,587
Total Net Assets	100.0	%	$	526,067,080

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

179

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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

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

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.

⁽¹⁾  Securities issued within terms of a private placement memorandum and exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2017, the aggregate value of these securities was $148,914,810, which represented 28.3% of total net assets.

⁽²⁾  Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2017.

⁽³⁾  Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

⁽⁴⁾  Current yield as of period end.

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

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Other Abbreviations:
FHLB	Federal Home Loan Bank
FHLMC	Federal Home Loan Mortgage Corp.
LIBOR	London Interbank Offered Rate

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

180

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total		Level 1(1)		Level 2(1)		Level 3(1)
Assets
Asset & Commercial Mortgage Backed Securities	$	150,578,056	$	—	$	150,578,056	$	—
Corporate Bonds		238,943,812		—		238,943,812		—
Municipal Bonds		172,689		—		172,689		—
U.S. Government Agencies		42,919,612		—		42,919,612		—
U.S. Government Securities		90,876,082		—		90,876,082		—
Short-Term Investments		1,400,242		1,400,242		—		—
Total	$	524,890,493	$	1,400,242	$	523,490,251	$	—

⁽¹⁾  For the year ended December 31, 2017, there were no transfers between any levels.

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

181

Hartford U.S. Government Securities HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 16.9%
			Asset-Backed - Automobile - 1.7%
	$	350,000	Avis Budget Rental Car Funding AESOP LLC 2.99%, 06/20/2022(1)	$	352,174
		2,907,000	Capital Auto Receivables Asset Trust 3.62%, 05/20/2021		2,958,803
		3,350,000	Westlake Automobile Receivables Trust 3.40%, 01/15/2021(1)		3,363,965
					6,674,942
			Asset-Backed - Finance & Insurance - 3.4%
		2,990,000	Ares CLO Ltd. 3 mo. USD LIBOR + 1.190%, 2.54%, 04/17/2026(1)(2)		3,006,170
		1,482,399	Cent CLO Ltd. 3 mo. USD LIBOR + 1.120%, 2.48%, 07/23/2025(1)(2)		1,484,311
		1,700,000	Limerock CLO Ltd. 3 mo. USD LIBOR + 1.300%, 2.65%, 04/18/2026(1)(2)		1,710,625
		1,285,000	Shackleton CLO Ltd. 3 mo. USD LIBOR + 1.950%, 3.31%, 04/15/2027(1)(2)		1,283,937
		4,720,000	Springleaf Funding Trust 3.16%, 11/15/2024(1)		4,738,743
		647,035	Structured Asset Securities Corp. 1 mo. USD LIBOR + 1.500%, 3.05%, 02/25/2033(2)		642,389
		739,468	Towd Point Mortgage Trust 2.75%, 04/25/2057(1)(3)		738,910
					13,605,085
			Asset-Backed - Home Equity - 1.1%
		745,271	Morgan Stanley Asset Backed Securities Capital I, Inc. Trust 1 mo. USD LIBOR + 1.500%, 3.05%, 11/25/2032(2)		741,557
		3,606,000	NRZ Advance Receivables Trust 2.58%, 10/15/2049(1)		3,571,563
					4,313,120
			Commercial Mortgage-Backed Securities - 5.2%
		3,400,000	CSMC Trust 2.76%, 04/05/2033(1)		3,408,154
			FREMF Mortgage Trust
		5,845,000	1 mo. USD LIBOR + 0.320%, 1.56%, 02/25/2020(2)		5,859,362
		435,000	3.36%, 05/25/2045(1)(3)		438,870
		955,000	3.65%, 09/25/2024(1)(3)		965,772
		1,225,000	3.70%, 04/25/2048(1)(3)		1,233,483
		1,325,000	3.73%, 10/25/2049(1)(3)		1,302,875
		2,645,000	3.81%, 06/25/2047(1)(3)		2,687,384
		700,000	3.84%, 08/25/2027(1)(3)		695,100
		660,000	3.94%, 09/25/2049(1)(3)		676,460
		1,665,000	4.03%, 11/25/2044(1)(3)		1,680,734
		1,990,000	5.69%, 04/25/2020(1)(3)		2,100,921
					21,049,115
			Whole Loan Collateral CMO - 5.5%
		373,011	Angel Oak Mortgage Trust LLC 2.81%, 01/25/2047(1)(3)		370,434
		3,772,405	CIM Trust 3.00%, 04/25/2057(1)(3)		3,784,062

Shares or Principal Amount				Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 16.9% - (continued)
			Whole Loan Collateral CMO - 5.5% - (continued)
	$	794,578	Deephaven Residential Mortgage Trust 2.73%, 12/26/2046(1)(3)	$	790,546
			LSTAR Securities Investment Ltd.
		1,542,620	1 mo. USD LIBOR + 1.750%, 3.32%, 10/01/2022(1)(2)		1,535,547
		586,012	1 mo. USD LIBOR + 2.000%, 3.57%, 04/01/2022(1)(2)		586,683
		596,249	Mill City Mortgage Loan Trust 2.50%, 04/25/2057(1)(3)		592,590
			New Residential Mortgage Loan Trust
		1,324,425	3.25%, 09/25/2056(1)(3)		1,334,758
		1,645,744	3.75%, 03/25/2056(1)(3)		1,674,279
		1,080,754	Sequoia Mortgage Trust 1 mo. USD LIBOR + 0.460%, 1.96%, 02/20/2035(2)		1,072,061
		1,805,678	Thornburg Mortgage Securities Trust 3.19%, 04/25/2045(3)		1,813,293
			Towd Point Mortgage Trust
		64,147	2.75%, 04/25/2055(1)(3)		64,079
		76,499	2.75%, 05/25/2055(1)(3)		76,517
		1,797,689	3.00%, 03/25/2054(1)(3)		1,805,469
		2,399,000	3.75%, 04/25/2055(1)(3)		2,484,575
			WaMu Mortgage Pass-Through Certificates Trust
		1,569,702	2.77%, 03/25/2033(3)		1,577,883
		1,551,139	3.21%, 10/25/2035(3)		1,559,489
		1,118,619	Wells Fargo Mortgage Backed Securities Trust 3.38%, 09/25/2033(3)		1,141,922
					22,264,187
			Total Asset & Commercial Mortgage Backed Securities (cost $67,599,907)	$	67,906,449
U.S. GOVERNMENT AGENCIES - 65.3%
			FHLMC - 35.9%
		68,450,000	1.38%, 05/01/2020	$	67,426,604
		7,900,778	1.57%, 01/25/2022		7,778,643
		4,009,905	1 mo. USD LIBOR + 0.380%, 1.75%, 04/25/2020(2)		4,014,890
		1,018,364	2.50%, 12/15/2026(4)		54,025
		960,114	2.50%, 03/15/2028(4)		77,648
		676,687	2.50%, 05/15/2028(4)		49,997
		1,239,787	3.00%, 04/15/2028(4)		112,281
		980,608	3.00%, 05/15/2032(4)		81,864
		685,826	3.00%, 03/15/2033(4)		88,754
		4,356,576	3.00%, 11/01/2036		4,433,341
		1,900,958	3.00%, 06/15/2041		1,927,782
		4,378,996	3.00%, 07/15/2041		4,432,486
		153,161	3.00%, 09/01/2045		153,420
		3,976,180	3.00%, 05/15/2046		4,013,070
		1,098,731	3.00%, 08/15/2047		1,109,982
		5,400,000	3.19%, 07/25/2027		5,544,594
		6,205,000	3.50%, 11/15/2025		6,460,258
		1,206,437	3.50%, 06/15/2026(4)		88,387
		412,097	3.50%, 09/15/2026(4)		39,363
		716,122	3.50%, 03/15/2027(4)		66,350
		2,209,699	3.50%, 01/15/2028(4)		219,073
		409,662	4.00%, 07/15/2027(4)		43,329
		1,216,091	4.00%, 03/15/2028(4)		116,534
		631,027	4.00%, 06/15/2028(4)		67,294

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

182

Hartford U.S. Government Securities HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
U.S. GOVERNMENT AGENCIES - 65.3% - (continued)
			FHLMC - 35.9% - (continued)
	$	279,913	4.00%, 06/01/2044	$	292,869
		800,000	4.00%, 01/01/2048(5)(6)		836,562
		13,549	4.50%, 12/01/2018		13,740
		2,385,871	4.50%, 02/15/2027(4)		265,750
		2,565,100	4.50%, 05/15/2034		2,663,835
		20,800,000	4.50%, 01/01/2048(5)(6)		22,109,751
		891,809	5.00%, 09/15/2033(4)		185,220
		4,215	5.50%, 06/01/2034		4,627
		36,526	5.50%, 10/01/2035		40,561
		58,066	5.50%, 04/01/2037		64,200
		781,590	5.50%, 12/01/2037		863,544
		293,143	5.50%, 04/01/2038		323,405
		17,797	5.50%, 05/01/2038		19,635
		1,455,955	5.50%, 08/01/2038		1,609,997
		2,910	5.50%, 12/01/2039		3,215
		36,442	6.00%, 10/01/2021		40,705
		50,227	6.00%, 10/01/2022		56,103
		75,118	6.00%, 01/01/2028		84,114
		19,429	6.00%, 04/15/2028		21,814
		43,077	6.00%, 05/15/2028(7)		47,306
		50,226	6.00%, 11/15/2028		55,013
		90,665	6.00%, 12/15/2028		99,106
		204,008	6.00%, 01/15/2029		228,408
		45,637	6.00%, 02/15/2029		50,057
		54,358	6.00%, 03/15/2029		61,034
		33,542	6.00%, 05/15/2029		36,710
		7,984	6.00%, 06/15/2029		8,709
		2,254	6.00%, 03/15/2031		2,552
		90,219	6.00%, 04/15/2031		101,494
		40,287	6.00%, 10/15/2031		44,786
		53,013	6.00%, 12/01/2031		60,100
		322,578	6.00%, 12/15/2031(7)		365,059
		422,768	6.00%, 12/15/2031		477,424
		15,909	6.00%, 05/15/2032		17,864
		926,137	6.00%, 06/15/2032		1,040,015
		762,882	6.00%, 09/15/2032		847,295
		72,156	6.00%, 10/15/2032		82,656
		542	6.00%, 11/01/2032		612
		50,625	6.00%, 11/15/2032		56,353
		15,189	6.00%, 04/01/2033		16,966
		16,923	6.00%, 09/01/2034		18,968
		6,434	6.50%, 04/01/2028		7,127
		302,041	6.50%, 08/15/2028		335,249
		649,753	6.50%, 05/15/2032		701,459
		103,400	6.50%, 08/01/2032		115,443
		236,987	6.50%, 09/01/2032		268,148
		25,008	7.00%, 10/01/2026		25,720
		3,859	7.00%, 03/01/2027		4,170
		1,884	7.00%, 12/01/2027		1,888
		1,055	7.00%, 02/01/2029		1,194
		632	7.00%, 05/01/2029		714
		1,589	7.00%, 09/01/2029		1,733
		567	7.00%, 02/01/2031		647
		84,077	7.00%, 04/01/2032		96,534
		59,198	7.00%, 05/01/2032		60,413
		58,389	7.00%, 06/01/2032		67,336
		92,346	7.00%, 11/01/2032		102,739
		2,922	7.50%, 05/01/2024		3,161
		489	7.50%, 06/01/2024		490
		1,134	7.50%, 06/01/2025		1,215
		4,720	8.00%, 08/01/2024		4,838

Shares or Principal Amount				Market Value†
U.S. GOVERNMENT AGENCIES - 65.3% - (continued)
			FHLMC - 35.9% - (continued)
	$	4,840	8.00%, 09/01/2024	$	4,977
		6,960	8.00%, 10/01/2024		7,175
					143,430,473
			FNMA - 26.0%
		1,729,195	1 mo. USD LIBOR + 0.400%, 1.64%, 10/25/2024(2)		1,728,197
		1,884,836	1.70%, 04/25/2055(3)(4)		91,894
		2,467,529	1 mo. USD LIBOR + 0.490%, 1.73%, 04/25/2024(2)		2,469,993
		3,303,062	1.87%, 08/25/2044(3)(4)		146,075
		2,462,714	1.92%, 06/25/2055(3)(4)		120,028
		6,400,000	1.97%, 11/01/2023		6,197,442
		1,492,598	2.00%, 09/25/2039		1,429,645
		686,099	2.05%, 11/01/2023		667,781
		3,400,559	2.22%, 10/01/2022		3,359,144
		2,300,000	2.23%, 11/01/2023		2,255,193
		6,046,830	2.25%, 10/01/2022		5,981,323
		3,425,577	2.31%, 10/01/2022		3,402,920
		200,000	2.45%, 11/01/2022		199,825
		26,374	2.50%, 01/01/2043		25,573
		274,406	2.54%, 03/01/2023		275,243
		1,949,059	2.56%, 01/01/2019(8)		1,956,511
		2,500,000	2.68%, 05/01/2025		2,506,656
		96,089	2.74%, 04/01/2022		97,245
		89,314	2.83%, 06/01/2022		90,650
		2,017,910	2.85%, 06/01/2027		2,021,560
		1,825,366	2.85%, 12/01/2027		1,819,546
		1,290,286	2.88%, 12/01/2027		1,289,275
		247,868	2.94%, 06/01/2022		252,526
		3,880,666	2.97%, 06/01/2027		3,914,745
		1,716,990	3.00%, 02/25/2027(4)		138,264
		1,878,489	3.00%, 07/25/2027(4)		164,731
		684,232	3.00%, 09/25/2027(4)		70,290
		1,539,780	3.00%, 02/25/2028(4)		141,498
		72,192	3.00%, 12/01/2030		73,571
		1,631,215	3.00%, 06/25/2043		1,653,983
		181,539	3.02%, 04/01/2022		183,929
		515,000	3.07%, 06/01/2027		523,747
		2,100,000	3.08%, 11/01/2027		2,133,588
		1,885,000	3.10%, 10/01/2027		1,918,219
		7,494,239	3.11%, 10/01/2021		7,664,658
		583,036	3.25%, 12/01/2021		599,599
		434,768	3.26%, 01/01/2022		446,408
		262,635	3.41%, 11/01/2020		269,591
		220,987	3.50%, 11/01/2020		227,571
		4,264,469	3.50%, 04/25/2027(4)		422,322
		746,398	3.50%, 05/25/2027(4)		77,352
		1,227,439	3.50%, 10/25/2027(4)		130,111
		380,645	3.50%, 08/25/2030(4)		44,830
		874,802	3.50%, 02/25/2031(4)		83,184
		701,206	3.50%, 09/25/2035(4)		107,437
		12,504,283	3.50%, 04/25/2044		12,819,331
		553,116	3.50%, 10/25/2046(4)		126,883
		490,596	3.51%, 11/01/2021		508,820
		1,035,050	3.59%, 09/01/2030		1,088,950
		1,755,796	3.65%, 11/01/2021		1,829,799
		84,514	3.65%, 08/01/2023		88,701
		1,217,141	3.73%, 07/01/2022		1,268,915
		2,908,575	3.75%, 06/01/2018		2,912,785
		1,025,095	3.75%, 09/01/2023		1,081,358

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

183

Hartford U.S. Government Securities HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount				Market Value†
U.S. GOVERNMENT AGENCIES - 65.3% - (continued)
			FNMA - 26.0% - (continued)
	$	93,998	3.81%, 11/01/2023	$	99,580
		189,746	3.83%, 07/01/2021		198,150
		284,391	3.85%, 01/01/2024		302,311
		377,830	3.87%, 01/01/2024		401,981
		384,223	3.89%, 10/01/2023		406,134
		2,700,000	3.98%, 07/01/2021		2,834,204
		177,842	3.99%, 07/01/2021		186,746
		1,243,588	4.00%, 05/25/2027(4)		124,714
		539,407	4.01%, 08/01/2021		567,411
		1,472,791	4.50%, 10/01/2040		1,576,043
		655,858	4.50%, 10/01/2041		702,908
		1,898,964	4.50%, 01/01/2043		2,035,873
		583,045	4.50%, 09/01/2043		623,767
		1,873,460	4.50%, 08/01/2044		2,006,430
		600,000	4.50%, 01/01/2048(5)(6)		638,344
		11,778	5.00%, 08/01/2018		11,990
		33,651	5.00%, 10/01/2018		34,258
		140,781	5.00%, 06/01/2025		149,463
		265,866	5.24%, 07/01/2019		275,813
		357,465	5.46%, 05/25/2042(3)(4)		38,847
		2,698	5.50%, 04/01/2018		2,697
		4,221	5.50%, 06/01/2018		4,224
		743	5.50%, 07/01/2018		745
		324,482	5.50%, 08/01/2019		330,386
		222,716	6.00%, 10/01/2023		248,802
		31,145	6.00%, 10/25/2028		34,802
		11,134	6.00%, 11/25/2028		12,270
		41,729	6.00%, 04/25/2029		45,694
		773	6.00%, 05/01/2029		873
		37,145	6.00%, 05/25/2029		40,807
		28,185	6.00%, 06/25/2029		31,507
		68,555	6.00%, 07/25/2029		75,472
		63,688	6.00%, 05/25/2031(7)		71,143
		282,107	6.00%, 05/25/2031(7)		309,665
		112,746	6.00%, 09/25/2031		127,014
		27,118	6.00%, 11/25/2031		30,305
		505,004	6.00%, 12/25/2031		557,045
		230,171	6.00%, 01/01/2032		259,052
		246	6.00%, 04/01/2032		275
		378	6.00%, 05/01/2032		427
		1,768	6.00%, 09/25/2032		1,943
		92,104	6.00%, 11/01/2032		102,900
		43,889	6.00%, 02/01/2033		49,672
		246,763	6.00%, 03/01/2033		279,552
		803,380	6.00%, 05/01/2033		909,572
		8,012	6.00%, 08/01/2034		8,953
		168,294	6.00%, 01/01/2035		190,515
		2,561,217	6.00%, 02/01/2037		2,898,711
		1,345,204	6.00%, 09/25/2047(4)		319,929
		30	6.50%, 04/01/2024		33
		201	6.50%, 04/01/2027		222
		15,194	6.50%, 04/01/2028		16,842
		124	6.50%, 05/01/2028		137
		7,875	6.50%, 10/01/2028		8,798
		131,398	6.50%, 11/01/2028		146,653
		73,141	6.50%, 12/01/2028		82,071
		361,620	6.50%, 06/25/2029(7)		387,258
		218,255	6.50%, 08/01/2029		244,588
		878	6.50%, 11/01/2030		973
		5,013	6.50%, 05/01/2031		5,697
		188,967	6.50%, 10/25/2031		212,119
		1,127,903	6.50%, 08/01/2032		1,274,554

Shares or Principal Amount				Market Value†
U.S. GOVERNMENT AGENCIES - 65.3% - (continued)
			FNMA - 26.0% - (continued)
	$	53,547	6.50%, 09/01/2032	$	59,354
		215	7.00%, 11/01/2031		219
		327	7.00%, 12/01/2031		334
		245,511	7.00%, 02/01/2032		278,678
		5,744	7.50%, 06/01/2023		6,118
		1,833	8.00%, 10/01/2029		2,082
		94	8.00%, 03/01/2030		95
		5,923	8.00%, 04/01/2030		6,957
		23	8.00%, 06/01/2030		23
		15,702	8.00%, 10/01/2030		18,580
		26,567	8.00%, 12/01/2030		29,710
		121	9.00%, 08/01/2020		127
		15,618	9.00%, 09/01/2021		15,708
					104,057,264
			GNMA - 3.4%
		337,665	1.75%, 09/20/2043		325,812
		2,440,569	2.50%, 12/16/2039		2,426,954
		845,681	3.00%, 09/20/2028(4)		75,608
		449,989	3.00%, 02/16/2043(4)		80,443
		365,784	3.50%, 02/16/2027(4)		34,856
		880,374	3.50%, 03/20/2027(4)		90,423
		759,814	3.50%, 07/20/2040(4)		84,719
		1,108,103	3.50%, 02/20/2041(4)		132,713
		1,860,599	3.50%, 04/20/2042(4)		232,185
		2,660,527	3.50%, 10/20/2042(4)		535,528
		213,650	3.50%, 05/20/2043(4)		39,111
		1,692,458	3.50%, 07/20/2043(4)		259,475
		274,321	4.00%, 12/16/2026(4)		28,729
		3,765,772	4.00%, 05/20/2029(4)		387,202
		506,669	4.00%, 03/20/2043(4)		109,416
		250,642	4.00%, 01/20/2044(4)		53,791
		1,660,857	4.00%, 03/20/2047(4)		314,958
		2,544,176	4.00%, 07/20/2047(4)		504,273
		732,362	4.50%, 04/20/2045(4)		162,822
		814,762	5.00%, 01/20/2034		885,208
		2,145,957	5.00%, 02/16/2040(4)		503,708
		626,206	5.00%, 05/20/2040(4)		150,871
		525,239	5.00%, 01/16/2047(4)		121,852
		1,039,962	5.50%, 09/20/2033		1,141,093
		1,629,502	5.50%, 03/20/2039(4)		367,489
		1,618,451	5.50%, 02/16/2047(4)		356,430
		977,550	5.50%, 02/20/2047(4)		203,004
		461,026	6.00%, 01/15/2033		520,961
		338,743	6.00%, 02/15/2033		384,150
		1,701,104	6.00%, 09/20/2040(4)		407,285
		1,417,351	6.00%, 02/20/2046(4)		328,599
		37,809	6.50%, 12/15/2028		42,980
		30,100	6.50%, 05/15/2029		34,301
		451,217	6.50%, 05/16/2031		503,731
		29,061	6.50%, 09/15/2031		32,240
		233,600	6.50%, 10/15/2031		259,159
		239,493	6.50%, 11/15/2031		265,697
		252,017	6.50%, 01/15/2032		279,591
		11,040	7.00%, 06/20/2030		11,836
		15,928	7.00%, 05/15/2032		18,865
		45,549	7.00%, 07/15/2032		49,773
		104,528	7.00%, 09/15/2032		109,815
		619,612	7.00%, 10/15/2032		692,998
		1,276	7.50%, 04/15/2022		1,280
		3,287	7.50%, 01/15/2023		3,296

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, 2017

Shares or Principal Amount				Market Value†
U.S. GOVERNMENT AGENCIES - 65.3% - (continued)
			GNMA - 3.4% - (continued)
	$	667	7.50%, 05/15/2023	$	701
		4,888	7.50%, 06/15/2023		5,168
		1,303	7.50%, 07/15/2023		1,307
		14,096	7.50%, 08/15/2023		14,216
		6,074	7.50%, 09/15/2023		6,091
		9,278	7.50%, 10/15/2023		9,564
		13,773	7.50%, 11/15/2023		14,352
		2,102	7.50%, 12/15/2023		2,107
		8,192	7.50%, 02/15/2024		8,415
		157	7.50%, 05/15/2024		168
		52,082	7.50%, 07/15/2027		56,250
		36,042	7.50%, 04/20/2030		42,016
		40	8.50%, 09/15/2019		40
		8,627	8.50%, 09/15/2024		9,413
		1,041	8.50%, 06/15/2029		1,080
		82	8.50%, 09/15/2029		82
		3,687	8.50%, 10/15/2029		3,782
		2,446	8.50%, 01/15/2030		2,730
		8,233	8.50%, 02/15/2030		8,308
		893	8.50%, 03/15/2030		944
					13,741,964
			Total U.S. Government Agencies (cost $262,024,380)	$	261,229,701
U.S. GOVERNMENT SECURITIES - 22.5%
			Other Direct Federal Obligations - 1.2%
			FHLB - 1.2%
		4,825,000	1.88%, 08/01/2019	$	4,818,824
			U.S. Treasury Securities - 21.3%
			U.S. Treasury Notes - 21.3%
		15,432,692	0.63%, 01/15/2026(9)		15,679,709
		16,560,000	1.88%, 07/31/2022		16,335,534
		15,850,000	2.25%, 11/15/2025		15,710,694
		1,900,000	2.38%, 05/15/2027		1,894,582
		34,550,000	2.75%, 11/15/2023		35,485,279
					85,105,798
			Total U.S. Government Securities (cost $90,483,912)	$	89,924,622
			Total Long-Term Investments (cost $420,108,199)	$	419,060,772
SHORT-TERM INVESTMENTS - 0.5%
			Other Investment Pools & Funds - 0.5%
		1,994,506	Fidelity Institutional Government Fund, Institutional Class, 1.16%(10)	$	1,994,506
			Total Short-Term Investments (cost $1,994,506)	$	1,994,506

Total Investments (cost $422,102,705)	105.2	%	$	421,055,278
Other Assets and Liabilities	(5.2	)%		(20,981,277	)
Total Net Assets	100.0	%	$	400,074,001

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, 2017

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

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

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.

⁽¹⁾  Securities issued within terms of a private placement memorandum and exempt from registration under Rule 144A under the Securities Act of 1933, as amended, and may be sold to qualified institutional buyers. Unless otherwise indicated, these holdings are determined to be liquid. At December 31, 2017, the aggregate value of these securities was $50,539,690, which represented 12.6% of total net assets.

⁽²⁾  Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2017.

⁽³⁾  Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

⁽⁴⁾  Securities disclosed are interest-only strips.

⁽⁵⁾  Represents or includes a TBA transaction.

⁽⁶⁾  This security, or a portion of this security, was purchased on a when-issued, delayed-delivery or delayed-draw basis. The cost of these securities was $23,639,378 at December 31, 2017.

⁽⁷⁾  These securities pay no principal or interest during their initial accrual period, but accrue additional principal at a specified coupon rate.

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

⁽⁹⁾  The principal amount for this security is adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

⁽¹⁰⁾  Current yield as of period end.

Futures Contracts Outstanding at December 31, 2017
Description	Number of Contracts		Expiration Date		Current Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Long position contracts:
U.S. Treasury 10-Year Note Future		156		03/20/2018	$	20,835,750	$	(23,612	)
U.S. Treasury 2-Year Note Future		134		03/29/2018		28,690,656		(56,541	)
U.S. Treasury 5-Year Note Future		536		03/29/2018		62,263,938		(321,783	)
U.S. Ultra Bond Future		51		03/20/2018		8,550,469		44,077
Total							$	(357,859	)
Short position contracts:
U.S. Treasury 10-Year Note Future		112		03/20/2018	$	13,893,250	$	(7,864	)
Total futures contracts							$	(365,723	)

TBA Sale Commitments Outstanding at December 31, 2017
Description	Principal Amount		Maturity Date		Market Value†			Unrealized Appreciation/ (Depreciation)
FHLMC, 3.00%	$	200,000		01/01/2048	$	(199,969	)	$	(125	)
FHLMC, 4.00%		200,000		01/01/2048		(209,141	)		109
FNMA, 4.50%		27,650,000		01/01/2048		(29,417,006	)		64,326
Total (proceeds receivable $29,890,426)					$	(29,826,116	)	$	64,310

At December 31, 2017, the aggregate market value of TBA Sale Commitments represents (7.5)% of total net assets.

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, 2017

OTC Credit Default Swap Contracts Outstanding at December 31, 2017
Reference Entity	Counter- party		Notional Amount (a)			(Pay)/Receive Fixed Rate		Expiration Date		Periodic Payment Frequency		Upfront Premiums Paid		Upfront Premiums Received			Market Value†			Unrealized Appreciation/ (Depreciation)
Credit default swaps on indices:
Buy protection:
CMBX.NA.AAA.9		MSC		USD	25,345,000		(0.50%)		09/17/58		Monthly	$	—	$	(22,200	)	$	(47,958	)	$	(25,758	)
CMBX.NA.AAA.9		MSC		USD	15,980,000		(0.50%)		09/17/58		Monthly		—		(1,996	)		(30,238	)		(28,242	)
Total												$	—	$	(24,196	)	$	(78,196	)	$	(54,000	)
Sell protection:
CMBX.NA.AAA.10		MSC		USD	25,345,000		0.50%		11/17/59		Monthly	$	—	$	(96,599	)	$	(50,303	)	$	46,296
CMBX.NA.AAA.10		MSC		USD	15,980,000		0.50%		11/17/59		Monthly		—		(84,509	)		(31,716	)		52,793
Total												$	—	$	(181,108	)	$	(82,019	)	$	99,089
Total traded indices												$	—	$	(205,304	)	$	(160,215	)	$	45,089
Total OTC contracts												$	—	$	(205,304	)	$	(160,215	)	$	45,089

^(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.

Centrally Cleared Interest Rate Swap Contracts Outstanding at December 31, 2017
Payments made by Fund	Payments received by Fund	Notional Amount			Expiration Date		Periodic Payment Frequency		Upfront Premiums Paid		Upfront Premiums Received		Value†			Unrealized Appreciation/ (Depreciation)
3M USD LIBOR	2.25% Fixed		USD	28,850,000		03/21/28		Semi-Annual	$	434,240	$	—	$	436,571		$	2,331
3M USD LIBOR	2.54% Fixed		USD	2,100,000		11/15/43		Semi-Annual		8,896		—		(1,462	)		(10,358	)
3M USD LIBOR	2.69% Fixed		USD	3,275,000		11/15/43		Semi-Annual		—		—		(93,357	)		(93,357	)
Total									$	443,136	$	—	$	341,752		$	(101,384	)

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

GLOSSARY: (abbreviations used in preceding Schedule of Investments)
Counterparty Abbreviations:
GSC	Goldman Sachs & Co.
MSC	Morgan Stanley
Index Abbreviations:
CMBX.NA	Markit Commercial Mortgage Backed North American
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
LIBOR	London Interbank Offered Rate
OTC	Over-the-Counter
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, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total			Level 1(1)			Level 2(1)			Level 3(1)
Assets
Asset & Commercial Mortgage Backed Securities	$	67,906,449		$	—		$	67,906,449		$	—
U.S. Government Agencies		261,229,701			—			261,229,701			—
U.S. Government Securities		89,924,622			—			89,924,622			—
Short-Term Investments		1,994,506			1,994,506			—			—
Futures Contracts(2)		44,077			44,077			—			—
Swaps - Credit Default(2)		99,089			—			99,089			—
Swaps - Interest Rate(2)		2,331			—			2,331			—
Total	$	421,200,775		$	2,038,583		$	419,162,192		$	—
Liabilities
Futures Contracts(2)	$	(409,800	)	$	(409,800	)	$	—		$	—
Swaps - Credit Default(2)		(54,000	)		—			(54,000	)		—
Swaps - Interest Rate(2)		(103,715	)		—			(103,715	)		—
TBA Sale Commitments		(29,826,116	)		—			(29,826,116	)		—
Total	$	(30,393,631	)	$	(409,800	)	$	(29,983,831	)	$	—

⁽¹⁾  For the year ended December 31, 2017 , there were no transfers between Level 1 and Level 2, and investments valued at $1,285,000 were transferred from Level 3 to Level 2 due to the initiation of a vendor providing prices that are based on market activity which has been determined to be significant observable inputs.

⁽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.

188

Hartford Value HLS Fund

Schedule of Investments

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.9%
		Banks - 16.5%
	376,820	Bank of America Corp.	$	11,123,726
	197,415	Citigroup, Inc.		14,689,650
	225,642	JP Morgan Chase & Co.		24,130,155
	42,050	M&T Bank Corp.		7,190,130
	89,130	PNC Financial Services Group, Inc.		12,860,568
	277,015	Wells Fargo & Co.		16,806,500
				86,800,729
		Capital Goods - 8.8%
	22,665	3M Co.		5,334,661
	36,420	Caterpillar, Inc.		5,739,064
	105,335	Eaton Corp. plc		8,322,518
	81,940	Fortune Brands Home & Security, Inc.		5,607,974
	226,660	General Electric Co.		3,955,217
	85,015	Ingersoll-Rand plc		7,582,488
	72,580	Triumph Group, Inc.		1,974,176
	61,260	United Technologies Corp.		7,814,938
				46,331,036
		Commercial & Professional Services - 0.6%
	89,230	Nielsen Holdings plc		3,247,972
		Consumer Durables & Apparel - 1.0%
	154,315	PulteGroup, Inc.		5,130,974
		Consumer Services - 2.1%
	79,013	Hilton Worldwide Holdings, Inc.		6,309,978
	88,530	Norwegian Cruise Line Holdings Ltd.*		4,714,223
				11,024,201
		Diversified Financials - 5.2%
	12,695	BlackRock, Inc.		6,521,549
	25,670	Goldman Sachs Group, Inc.		6,539,689
	177,610	Invesco Ltd.		6,489,869
	71,400	Nasdaq, Inc.		5,485,662
	59,290	Thomson Reuters Corp.		2,584,451
				27,621,220
		Energy - 10.3%
	167,060	Canadian Natural Resources Ltd.		5,967,383
	99,805	Chevron Corp.		12,494,588
	71,360	EOG Resources, Inc.		7,700,458
	80,285	Exxon Mobil Corp.		6,715,037
	131,985	Halliburton Co.		6,450,107
	342,709	Marathon Oil Corp.		5,802,063
	45,030	Occidental Petroleum Corp.		3,316,910
	27,640	Pioneer Natural Resources Co.		4,777,574
	198,350	Southwestern Energy Co.*		1,106,793
				54,330,913
		Food, Beverage & Tobacco - 4.0%
	75,480	British American Tobacco plc		5,102,358
	43,413	Kraft Heinz Co.		3,375,795
	109,180	Mondelez International, Inc. Class A		4,672,904
	74,380	Philip Morris International, Inc.		7,858,247
				21,009,304
		Health Care Equipment & Services - 3.4%
	89,466	Medtronic plc		7,224,379
	35,745	UnitedHealth Group, Inc.		7,880,343
	21,700	Zimmer Biomet Holdings, Inc.		2,618,539
				17,723,261

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.9% - (continued)
		Household & Personal Products - 0.7%
	70,450	Unilever N.V.	$	3,967,744
		Insurance - 6.7%
	74,795	American International Group, Inc.		4,456,286
	55,020	Chubb Ltd.		8,040,072
	75,170	Marsh & McLennan Cos., Inc.		6,118,086
	107,080	MetLife, Inc.		5,413,965
	43,915	Principal Financial Group, Inc.		3,098,642
	69,875	Unum Group		3,835,439
	122,210	XL Group Ltd.		4,296,904
				35,259,394
		Materials - 3.0%
	118,760	DowDuPont, Inc.		8,458,087
	123,275	International Paper Co.		7,142,554
				15,600,641
		Media - 2.6%
	71,820	CBS Corp. Class B		4,237,380
	149,080	Comcast Corp. Class A		5,970,654
	106,070	Viacom, Inc. Class B		3,268,017
				13,476,051
		Pharmaceuticals, Biotechnology & Life Sciences - 7.7%
	34,680	Allergan plc		5,672,954
	27,410	Amgen, Inc.		4,766,599
	154,730	AstraZeneca plc ADR		5,369,131
	113,840	Bristol-Myers Squibb Co.		6,976,115
	182,020	Merck & Co., Inc.		10,242,266
	29,157	Roche Holding AG		7,372,499
				40,399,564
		Real Estate - 1.0%
	182,090	Park Hotels & Resorts, Inc. REIT		5,235,087
		Retailing - 4.1%
	29,680	Home Depot, Inc.		5,625,251
	82,760	L Brands, Inc.		4,983,807
	228,450	Liberty Interactive Corp. QVC Group Class A*		5,578,749
	69,140	TJX Cos., Inc.		5,286,444
				21,474,251
		Semiconductors & Semiconductor Equipment - 5.5%
	37,780	Analog Devices, Inc.		3,363,553
	291,430	Intel Corp.		13,452,409
	91,395	Maxim Integrated Products, Inc.		4,778,130
	115,240	QUALCOMM, Inc.		7,377,665
				28,971,757
		Software & Services - 3.0%
	70,500	Cognizant Technology Solutions Corp. Class A		5,006,910
	126,310	eBay, Inc.*		4,766,940
	67,895	Microsoft Corp.		5,807,738
				15,581,588
		Technology Hardware & Equipment - 4.6%
	387,970	Cisco Systems, Inc.		14,859,251
	111,070	NetApp, Inc.		6,144,392
	682,960	Nokia Oyj ADR		3,182,594
				24,186,237
		Telecommunication Services - 1.6%
	162,120	Verizon Communications, Inc.		8,581,012

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

189

Hartford Value HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.9% - (continued)
		Transportation - 2.1%
	131,615	Schneider National, Inc. Class B	$	3,758,924
	55,820	Union Pacific Corp.		7,485,462
				11,244,386
		Utilities - 3.4%
	40,040	Dominion Energy, Inc.		3,245,642
	76,100	Edison International		4,812,564
	103,905	Eversource Energy		6,564,718
	22,835	NextEra Energy, Inc.		3,566,599
				18,189,523
		Total Common Stocks (cost $368,024,641)	$	515,386,845
		Total Long-Term Investments (cost $368,024,641)	$	515,386,845
SHORT-TERM INVESTMENTS - 2.1%
		Other Investment Pools & Funds - 2.1%
	11,323,351	BlackRock Liquidity Funds TempFund Portfolio, Institutional Class, 1.17%(1)	$	11,323,351
		Total Short-Term Investments (cost $11,323,351)	$	11,323,351

Total Investments (cost $379,347,992)	100.0	%	$	526,710,196
Other Assets and Liabilities	0.0	%		(224,387	)
Total Net Assets	100.0	%	$	526,485,809

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

190

Hartford Value HLS Fund

Schedule of Investments – (continued)

December 31, 2017

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 will generally 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.

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.

* Non-income producing.

⁽¹⁾  Current yield as of period end.

^†  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.

191

Hartford Value HLS Fund

Schedule of Investments – (continued)

December 31, 2017

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing the Fund’s investments.

	Total		Level 1(1)		Level 2(1)		Level 3(1)
Assets
Common Stocks
Banks	$	86,800,729	$	86,800,729	$	—	$	—
Capital Goods		46,331,036		46,331,036		—		—
Commercial & Professional Services		3,247,972		3,247,972		—		—
Consumer Durables & Apparel		5,130,974		5,130,974		—		—
Consumer Services		11,024,201		11,024,201		—		—
Diversified Financials		27,621,220		27,621,220		—		—
Energy		54,330,913		54,330,913		—		—
Food, Beverage & Tobacco		21,009,304		15,906,946		5,102,358		—
Health Care Equipment & Services		17,723,261		17,723,261		—		—
Household & Personal Products		3,967,744		3,967,744		—		—
Insurance		35,259,394		35,259,394		—		—
Materials		15,600,641		15,600,641		—		—
Media		13,476,051		13,476,051		—		—
Pharmaceuticals, Biotechnology & Life Sciences		40,399,564		33,027,065		7,372,499		—
Real Estate		5,235,087		5,235,087		—		—
Retailing		21,474,251		21,474,251		—		—
Semiconductors & Semiconductor Equipment		28,971,757		28,971,757		—		—
Software & Services		15,581,588		15,581,588		—		—
Technology Hardware & Equipment		24,186,237		24,186,237		—		—
Telecommunication Services		8,581,012		8,581,012		—		—
Transportation		11,244,386		11,244,386		—		—
Utilities		18,189,523		18,189,523		—		—
Short-Term Investments		11,323,351		11,323,351		—		—
Total	$	526,710,196	$	514,235,339	$	12,474,857	$	—

⁽¹⁾  For the year ended December 31, 2017, there were no transfers between any levels.

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, 2017

	Hartford Balanced HLS Fund		Hartford Capital Appreciation HLS Fund		Hartford Disciplined Equity HLS Fund
Assets:
Investments in securities, at market value	$	2,368,734,743	$	5,059,977,537	$	698,894,399
Cash		37,161		—		—
Foreign currency		—		159,103		—
Unrealized appreciation on foreign currency contracts		—		22,177		—
Receivables:
Investment securities sold		1,507,543		8,984,036		—
Fund shares sold		55,140		559,466		1,879
Dividends and interest		7,751,592		4,517,178		673,090
Tax reclaims		658,452		1,194,590		—
Other assets		8,256		657		15,957
Total assets		2,378,752,887		5,075,414,744		699,585,325
Liabilities:
Unrealized depreciation on foreign currency contracts		—		252,380		—
Cash collateral due to broker on futures contracts		—		—		39
Payables:
Investment securities purchased		3,142,817		11,850,787		668,251
Fund shares redeemed		1,074,625		2,722,629		910,478
Investment management fees		1,190,170		2,751,574		434,416
Transfer agent fees		935		1,405		911
Accounting services fees		36,260		72,111		8,350
Board of Directors’ fees		12,371		27,297		3,588
Variation margin on futures contracts		44,302		—		—
Distribution fees		58,903		127,426		17,981
Accrued expenses		211,466		413,121		126,834
Total liabilities		5,771,849		18,218,730		2,170,848
Net assets	$	2,372,981,038	$	5,057,196,014	$	697,414,477
Summary of Net Assets:
Capital stock and paid-in-capital	$	1,770,568,523	$	4,036,526,632	$	451,860,008
Undistributed (distributions in excess of) net investment income		975,147		3,396,603		490,218
Accumulated net realized gain (loss)		79,654,428		366,799,103		59,083,624
Unrealized appreciation (depreciation) of investments and the translation of assets and liabilities denominated in foreign currency		521,782,940		650,473,676		185,980,627
Net assets	$	2,372,981,038	$	5,057,196,014	$	697,414,477
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	$	31.02	$	48.16	$	15.43
Shares outstanding		67,538,360		92,565,115		39,718,890
Net Assets	$	2,095,245,783	$	4,457,602,510	$	613,037,362
Class IB:   Net asset value per share	$	31.48	$	47.48	$	15.27
Shares outstanding		8,822,728		11,996,612		5,524,279
Net Assets	$	277,735,255	$	569,614,550	$	84,377,115
Class IC:   Net asset value per share	$	—	$	47.76	$	—
Shares outstanding		—		627,641		—
Net Assets	$	—	$	29,978,954	$	—
Cost of investments	$	1,847,130,645	$	4,409,247,535	$	512,913,772
Cost of foreign currency	$	—	$	159,101	$	—

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

194

Hartford HLS Funds

Statements of Assets and Liabilities – (continued)

December 31, 2017

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
$	3,619,178,097	$	519,801,452	$	1,511,732,659		$	335,411,660		$	295,088,282		$	1,587,085,047		$	2,221,817,095
	—		—		—			—			2,160,435			—			—
	—		34,495		—			—			—			142,773			—
	—		—		—			—			—			—			—
	—		—		9,997,379			—			4,978			1,267,848			—
	486,452		97,474		80,303			179,399			6,183			873,126			1,486,061
	4,696,011		171,231		211,699			200,073			4,688,563			1,050,668			1,163,575
	530,123		566,194		166,949			18,567			—			2,868,424			—
	5,504		17,163		20,703			14,937			16,995			16,058			21,240
	3,624,896,187		520,688,009		1,522,209,692			335,824,636			301,965,436			1,593,303,944			2,224,487,971
	—		—		—			—			60,543			—			—
	—		—		—			—			—			—			—
	1,012,507		—		10,887,330			72,057			—			—			6,822,331
	1,818,137		3,191,766		814,303			52,660			115,710			11,578,391			1,385,208
	1,991,121		328,858		780,558			238,690			179,129			911,421			1,239,571
	987		918		1,351			937			872			1,202			1,333
	42,839		6,160		23,162			3,991			3,583			18,751			26,102
	18,219		2,562		7,635			1,855			1,665			7,571			10,587
	—		—		—			—			—			—			—
	93,587		17,890		39,046			9,622			15,160			34,261			19,911
	268,008		117,334		211,044			46,623			98,904			232,127			88,887
	5,245,405		3,665,488		12,764,429			426,435			475,566			12,783,724			9,593,930
$	3,619,650,782	$	517,022,521	$	1,509,445,263		$	335,398,201		$	301,489,870		$	1,580,520,220		$	2,214,894,041
$	2,103,025,703	$	331,246,334	$	1,039,632,858		$	260,926,914		$	297,568,113		$	1,346,859,296		$	1,422,817,402
	4,161,698		2,472,553		(1,183,092	)		(135,601	)		16,495,652			26,985,652			(201,237	)
	354,850,035		43,440,474		201,460,558			14,622,725			(15,707,586	)		(5,858,578	)		197,872,061
	1,157,613,346		139,863,160		269,534,939			59,984,163			3,133,691			212,533,850			594,405,815
$	3,619,650,782	$	517,022,521	$	1,509,445,263		$	335,398,201		$	301,489,870		$	1,580,520,220		$	2,214,894,041
	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
$	23.95	$	27.89	$	38.42		$	22.46		$	8.20		$	17.46		$	40.10
	132,731,332		15,507,747		34,520,690			12,941,237			28,072,576			81,218,711			53,773,296
$	3,179,539,708	$	432,580,806	$	1,326,200,871		$	290,602,516		$	230,100,781		$	1,418,078,488		$	2,156,044,044
$	23.85	$	27.63	$	36.91		$	21.35		$	8.06		$	17.68		$	39.18
	18,453,539		3,055,863		4,042,360			2,098,640			8,858,877			9,189,317			1,502,149
$	440,111,074	$	84,441,715	$	149,211,681		$	44,795,685		$	71,389,089		$	162,441,732		$	58,849,997
$	—	$	—	$	37.71		$	—		$	—		$	—		$	—
	—		—		902,495			—			—			—			—
$	—	$	—	$	34,032,711		$	—		$	—		$	—		$	—
$	2,461,575,086	$	379,936,381	$	1,242,189,372		$	275,427,248		$	291,895,071		$	1,374,575,062		$	1,627,411,280
$	—	$	34,495	$	—		$	—		$	—		$	142,774		$	—

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

195

Hartford HLS Funds

Statements of Assets and Liabilities – (continued)

December 31, 2017

	Hartford MidCap Value HLS Fund		Hartford Small Cap Growth HLS Fund		Hartford Small Company HLS Fund
Assets:
Investments in securities, at market value	$	375,179,361	$	1,331,543,910	$	609,041,703
Cash		—		—		—
Cash collateral due from broker on swap contracts		—		—		—
Foreign currency		12		—		5
Unrealized appreciation on OTC swap contracts		—		—		—
Unrealized appreciation on foreign currency contracts		—		—		—
Receivables:
Investment securities sold		797,093		1,021,343		4,394,535
Fund shares sold		1,471		4,011,831		90,197
Dividends and interest		326,718		834,830		355,052
Tax reclaims		7,475		—		—
Variation margin on futures contracts		—		—		—
OTC swap contracts premiums paid		—		—		—
Other assets		17,501		17,214		14,859
Total assets		376,329,631		1,337,429,128		613,896,351
Liabilities:
Unrealized depreciation on foreign currency contracts		—		—		—
Bank overdraft		—		—		—
Unrealized depreciation on OTC swap contracts		—		—		—
Cash collateral due to broker on swap contracts		—		—		—
TBA sale commitments, at market value		—		—		—
Payables:
Investment securities purchased		979,247		340,903		5,131,503
Fund shares redeemed		152,011		1,152,965		60,549
Investment management fees		254,003		690,391		379,855
Transfer agent fees		852		1,298		961
Accounting services fees		4,445		20,457		9,280
Board of Directors’ fees		1,921		6,725		3,687
Variation margin on centrally cleared swap contracts		—		—		—
Distribution fees		18,454		77,807		12,086
Accrued expenses		81,228		106,260		95,702
OTC swap contracts premiums received		—		—		—
Total liabilities		1,492,161		2,396,806		5,693,623
Net assets	$	374,837,470	$	1,335,032,322	$	608,202,728
Summary of Net Assets:
Capital stock and paid-in-capital	$	265,466,671	$	964,681,101	$	454,258,288
Undistributed (distributions in excess of) net investment income		1,237,586		—		—
Accumulated net realized gain (loss)		22,208,472		82,092,358		39,018,893
Unrealized appreciation (depreciation) of investments and the translation of assets and liabilities denominated in foreign currency		85,924,741		288,258,863		114,925,547
Net assets	$	374,837,470	$	1,335,032,322	$	608,202,728
Shares authorized		1,200,000,000		700,000,000		1,500,000,000
Par value	$	0.0010	$	0.0010	$	0.0010
Class IA:   Net asset value per share	$	12.60	$	32.13	$	20.42
Shares outstanding		22,826,474		29,902,932		26,987,660
Net Assets	$	287,688,287	$	960,689,933	$	551,010,202
Class IB:   Net asset value per share	$	12.50	$	31.28	$	18.97
Shares outstanding		6,969,589		11,966,318		3,015,219
Net Assets	$	87,149,183	$	374,342,389	$	57,192,526
Cost of investments	$	289,253,445	$	1,043,285,047	$	494,116,156
Cost of foreign currency	$	12	$	—	$	5
Proceeds receivable of TBA sale commitments	$	—	$	—	$	—

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

196

Hartford HLS Funds

Statements of Assets and Liabilities – (continued)

December 31, 2017

Hartford Small/Mid Cap Equity 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
$	98,897,520	$	1,526,577,264		$	2,907,292,822	$	524,890,493		$	421,055,278		$	526,710,196
	—		—			577,837		18,865			—			—
	—		—			—		—			1,941,071			—
	—		128,037			725,630		—			—			—
	—		—			1,170,799		—			99,089			—
	—		—			191,937		—			—			—
	—		1,822,652			343,925,599		—			30,581,005			—
	20,709		18,030			382,429		553,302			5,023			66,966
	176,686		2,208,151			12,920,128		1,228,516			1,379,363			656,893
	—		934,718			3,200		277			—			208,725
	—		—			924,397		—			96,219			—
	—		—			6,391,619		—			—			—
	19,132		11,497			19,643		16,286			26,183			18,818
	99,114,047		1,531,700,349			3,274,526,040		526,707,739			455,183,231			527,661,598
	—		—			673,631		—			—			—
	—		—			—		—			13,246			—
	—		—			3,770,540		—			54,000			—
	—		—			910,000		—			—			—
	—		—			292,744,567		—			29,826,116			—
	—		2,935,079			557,219,976		—			24,267,453			—
	4,528		6,298,279			1,218,418		331,792			396,109			724,281
	67,437		620,639			953,619		179,870			154,074			334,169
	833		895			954		913			869			938
	1,180		18,153			36,658		6,295			4,793			6,270
	502		7,894			13,112		3,013			2,302			2,706
	—		—			198,019		—			66,491			—
	3,179		30,440			52,928		13,950			15,085			16,054
	40,651		173,094			271,492		104,826			103,388			91,371
	—		—			10,170,899		—			205,304			—
	118,310		10,084,473			868,234,813		640,659			55,109,230			1,175,789
$	98,995,737	$	1,521,615,876		$	2,406,291,227	$	526,067,080		$	400,074,001		$	526,485,809
$	71,449,625	$	1,162,071,543		$	2,293,527,914	$	521,395,828		$	479,046,958		$	339,877,679
	923,002		893,471			89,462,062		5,554,675			8,420,308			—
	8,503,426		(5,371,524	)		9,867,013		(685,090	)		(85,988,130	)		39,245,256
	18,119,684		364,022,386			13,434,238		(198,333	)		(1,405,135	)		147,362,874
$	98,995,737	$	1,521,615,876		$	2,406,291,227	$	526,067,080		$	400,074,001		$	526,485,809
	900,000,000		4,200,000,000			5,000,000,000		14,000,000,000			700,000,000			800,000,000
$	0.0010	$	0.0010		$	0.0010	$	0.0010		$	0.0010		$	0.0010
$	8.81	$	79.57		$	11.32	$	10.06		$	10.21		$	16.05
	9,552,233		17,321,328			190,661,950		45,802,427			32,296,415			28,095,078
$	84,144,386	$	1,378,245,403		$	2,157,506,384	$	460,643,248		$	329,888,945		$	450,787,579
$	8.75	$	79.54		$	11.25	$	10.05		$	10.20		$	16.02
	1,696,389		1,802,447			22,105,040		6,511,960			6,881,854			4,723,828
$	14,851,351	$	143,370,473		$	248,784,843	$	65,423,832		$	70,185,056		$	75,698,230
$	80,777,836	$	1,162,540,840		$	2,888,761,784	$	525,088,826		$	422,102,705		$	379,347,992
$	—	$	128,451		$	738,500	$	—		$	—		$	—
$	—	$	—		$	292,617,143	$	—		$	29,890,426		$	—

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

197

Hartford HLS Funds

Statements of Operations

For the Year Ended December 31, 2017

	Hartford Balanced HLS Fund			Hartford Capital Appreciation HLS Fund			Hartford Disciplined Equity HLS Fund
Investment Income:
Dividends	$	31,592,637		$	81,786,307		$	12,081,442
Non-cash dividends		693,402			1,112,374			—
Interest		26,060,936			623,398			53,247
Other income		—			—			—
Less: Foreign tax withheld		(305,610	)		(1,861,680	)		—
Total investment income, net		58,041,365			81,660,399			12,134,689
Expenses:
Investment management fees		14,497,948			32,835,730			4,969,384
Administrative services fees
Class IC		—			64,462			—
Transfer agent fees
Class IA		5,018			7,555			4,806
Class IB		671			945			663
Class IC		—			43			—
Distribution fees
Class IB		687,736			1,421,681			206,318
Class IC		—			64,462			—
Custodian fees		18,697			195,152			2,592
Registration and filing fees		33,059			47,105			31,287
Accounting services fees		420,064			859,032			95,291
Board of Directors’ fees		66,412			147,466			19,326
Audit fees		37,667			43,092			27,332
Other expenses		282,009			680,904			158,666
Total expenses (before waivers and fees paid indirectly)		16,049,281			36,367,629			5,515,665
Management fee waivers		(700,107	)		—			—
Commission recapture		(645	)		(131,862	)		(4,732	)
Total waivers and fees paid indirectly		(700,752	)		(131,862	)		(4,732	)
Total expenses, net		15,348,529			36,235,767			5,510,933
Net Investment Income (Loss)		42,692,836			45,424,632			6,623,756
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain (loss) on investments		174,056,659			645,819,225			66,444,070
Net realized gain (loss) on futures contracts		(687,189	)		—			(37,464	)
Net realized gain (loss) on swap contracts		—			—			—
Net realized gain (loss) on foreign currency contracts		—			(3,400,588	)		—
Net realized gain (loss) on other foreign currency transactions		16,339			(496,772	)		—
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		173,385,809			641,921,865			66,406,606
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized appreciation (depreciation) of investments		121,580,459			341,688,741			61,943,262
Net unrealized appreciation (depreciation) of futures contracts		349,426			—			—
Net unrealized appreciation (depreciation) of swap contracts		—			—			—
Net unrealized appreciation (depreciation) of foreign currency contracts		—			(1,220,777	)		—
Net unrealized appreciation (depreciation) of translation of other assets and liabilities in foreign currencies		72,387			244,396			—
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions		122,002,272			340,712,360			61,943,262
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		295,388,081			982,634,225			128,349,868
Net Increase (Decrease) in Net Assets Resulting from Operations	$	338,080,917		$	1,028,058,857		$	134,973,624

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, 2017

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
$	85,854,523		$	6,806,860		$	7,318,512		$	3,060,635		$	17,734		$	32,044,197		$	14,534,662
	—			18,377			—			—			—			2,434,701			—
	453,483			49,974			37,248			76,245			19,322,213			277,952			40,860
	—			—			176			—			—			—			—
	(1,171,789	)		(321,411	)		(24,198	)		(27,400	)		—			(3,555,519	)		(84,107	)
	85,136,217			6,553,800			7,331,738			3,109,480			19,339,947			31,201,331			14,491,415
	22,726,532			3,598,446			8,765,796			2,797,868			2,189,266			9,731,119			13,511,146
	—			—			76,659			—			—			—			—
	5,307			4,600			7,170			4,803			4,033			6,556			7,509
	750			928			811			790			1,267			820			389
	—			—			173			—			—			—			—
	1,083,554			200,920			359,181			117,923			186,810			391,972			250,085
	—			—			76,659			—			—			—			—
	18,118			15,366			16,170			10,283			2,159			87,988			10,095
	33,919			31,094			62,957			31,936			30,385			32,657			38,193
	490,134			67,112			259,974			46,775			43,785			198,377			283,050
	99,124			13,362			40,401			9,511			8,954			39,072			56,398
	31,255			28,917			24,668			29,555			34,676			44,290			28,878
	436,389			135,677			333,313			39,042			85,775			260,579			168,833
	24,925,082			4,096,422			10,023,932			3,088,486			2,587,110			10,793,430			14,354,576
	—			—			—			—			—			—			—
	(29,650	)		(7,787	)		(48,831	)		(710	)		—			(39,278	)		(24,553	)
	(29,650	)		(7,787	)		(48,831	)		(710	)		—			(39,278	)		(24,553	)
	24,895,432			4,088,635			9,975,101			3,087,776			2,587,110			10,754,152			14,330,023
	60,240,785			2,465,165			(2,643,363	)		21,704			16,752,837			20,447,179			161,392
	372,551,956			43,990,724			216,018,084			20,678,390			4,652,066			113,758,326			232,241,888
	—			—			—			—			—			—			—
	—			—			—			—			748,401			—			—
	—			—			—			—			(258,036	)		(1,419,611	)		—
	18,412			(32,206	)		(50,326	)		(152	)		(9,626	)		57,368			(612	)
	372,570,368			43,958,518			215,967,758			20,678,238			5,132,805			112,396,083			232,241,276
	160,613,300			86,396,905			164,600,072			42,616,676			1,088,808			178,471,070			210,733,817
	—			—			—			—			—			—			—
	—			—			—			—			(302,502	)		—			—
	—			—			—			—			(19,105	)		—			—
	9,509			55,897			5,189			1,267			2,519			343,076			—
	160,622,809			86,452,802			164,605,261			42,617,943			769,720			178,814,146			210,733,817
	533,193,177			130,411,320			380,573,019			63,296,181			5,902,525			291,210,229			442,975,093
$	593,433,962		$	132,876,485		$	377,929,656		$	63,317,885		$	22,655,362		$	311,657,408		$	443,136,485

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, 2017

	Hartford MidCap Value HLS Fund			Hartford Small Cap Growth HLS Fund			Hartford Small Company HLS Fund
Investment Income:
Dividends	$	4,666,525		$	7,473,630		$	3,079,923
Non-cash dividends		—			—			—
Interest		40,398			92,360			49,395
Other income		—			—			—
Less: Foreign tax withheld		(46,691	)		—			—
Total investment income, net		4,660,232			7,565,990			3,129,318
Expenses:
Investment management fees		2,988,263			7,834,554			5,166,179
Transfer agent fees
Class IA		3,922			6,184			5,306
Class IB		1,196			1,595			511
Class IC		—			—			—
Distribution fees
Class IB		218,170			665,382			155,616
Custodian fees		8,657			9,066			11,302
Registration and filing fees		30,600			39,032			32,588
Accounting services fees		52,295			232,037			127,765
Board of Directors’ fees		10,654			36,272			21,242
Audit fees		26,645			26,395			30,661
Other expenses		86,642			180,028			117,903
Total expenses (before waivers and fees paid indirectly)		3,427,044			9,030,545			5,669,073
Commission recapture		(6,521	)		(9,676	)		(28,490	)
Total waivers and fees paid indirectly		(6,521	)		(9,676	)		(28,490	)
Total expenses, net		3,420,523			9,020,869			5,640,583
Net Investment Income (Loss)		1,239,709			(1,454,879	)		(2,511,265	)
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain (loss) on investments		23,405,710			99,838,478			136,476,941
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		—			—			—
Net realized gain (loss) on other foreign currency transactions		(4,447	)		—			(8,291	)
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		23,401,263			99,838,478			136,468,650
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized appreciation (depreciation) of investments		22,238,716			137,585,826			35,311,309
Net unrealized appreciation (depreciation) of purchased options contracts		—			—			—
Net unrealized appreciation (depreciation) of futures contracts		—			—			—
Net unrealized appreciation (depreciation) of swap contracts		—			—			—
Net unrealized appreciation (depreciation) of foreign currency contracts		—			—			—
Net unrealized appreciation (depreciation) of translation of other assets and liabilities in foreign currencies		904			—			—
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions		22,239,620			137,585,826			35,311,309
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		45,640,883			237,424,304			171,779,959
Net Increase (Decrease) in Net Assets Resulting from Operations	$	46,880,592		$	235,969,425		$	169,268,694

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, 2017

Hartford Small/Mid Cap Equity 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
$	1,716,026		$	33,914,226		$	136,233		$	—		$	—		$	12,057,618
	83,903			—			—			—			—			257,948
	5,704			186,479			85,426,226			8,144,189			9,779,219			39,612
	—			—			—			—			—			—
	(3,315	)		(172,989	)		(70,130	)		(132	)		—			(102,918	)
	1,802,318			33,927,716			85,492,329			8,144,057			9,779,219			12,252,260
	791,188			7,128,322			11,446,948			2,249,710			1,915,320			3,881,396
	4,226			4,853			5,211			4,789			4,301			4,862
	778			512			608			705			927			833
	—			—			—			—			—			—
	38,478			354,470			639,322			180,574			188,661			189,884
	—			8,571			36,954			2,862			2,895			3,634
	33,046			31,459			33,448			31,559			32,986			32,097
	13,846			208,159			440,380			78,740			59,588			72,726
	2,816			42,270			70,025			16,324			12,322			14,797
	24,715			28,474			41,172			43,796			21,483			27,034
	35,860			242,450			380,471			108,023			107,687			106,742
	944,953			8,049,540			13,094,539			2,717,082			2,346,170			4,334,005
	—			(17	)		—			—			—			(908	)
	—			(17	)		—			—			—			(908	)
	944,953			8,049,523			13,094,539			2,717,082			2,346,170			4,333,097
	857,365			25,878,193			72,397,790			5,426,975			7,433,049			7,919,163
	8,513,724			127,970,955			34,119,755			110,447			(1,943,451	)		43,231,817
	—			—			479,287			—			—			—
	—			—			7,587,676			—			(1,128,902	)		—
	—			—			(55,730	)		—			—			—
	—			—			3,831,610			—			543,143			—
	—			—			330,232			—			—			—
	—			(16,885	)		631,908			—			—			336
	8,513,724			127,954,070			46,924,738			110,447			(2,529,210	)		43,232,153
	3,773,225			115,280,500			17,228,200			(117,494	)		1,221,230			23,105,297
	—			—			(469,059	)		—			—			—
	—			—			(1,652,213	)		—			10,785			—
	—			—			(8,050,546	)		—			(482,589	)		—
	—			—			(3,976,407	)		—			—			—
	—			81,360			(16,231	)		—			—			16,224
	3,773,225			115,361,860			3,063,744			(117,494	)		749,426			23,121,521
	12,286,949			243,315,930			49,988,482			(7,047	)		(1,779,784	)		66,353,674
$	13,144,314		$	269,194,123		$	122,386,272		$	5,419,928		$	5,653,265		$	74,272,837

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, 2017			For the Year Ended December 31, 2016
Operations:
Net investment income (loss)	$	42,692,836		$	48,507,412
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		173,385,809			121,535,739
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		122,002,272			(31,380,933	)
Net Increase (Decrease) in Net Assets Resulting from Operations		338,080,917			138,662,218
Distributions to Shareholders:
From net investment income
Class IA		(47,464,119	)		(57,374,388	)
Class IB		(5,534,060	)		(6,967,476	)
Class IC		—			—
Total from net investment income		(52,998,179	)		(64,341,864	)
From net realized gain on investments
Class IA		—			—
Class IB		—			—
Class IC		—			—
Total from net realized gain on investments		—			—
Total distributions		(52,998,179	)		(64,341,864	)
Capital Share Transactions:
Sold		27,191,961			16,656,289
Issued on reinvestment of distributions		52,998,179			64,341,864
Redeemed		(311,772,955	)		(347,720,604	)
Net (decrease) from capital share transactions		(231,582,815	)		(266,722,451	)
Net Increase (Decrease) in Net Assets		53,499,923			(192,402,097	)
Net Assets:
Beginning of period		2,319,481,115			2,511,883,212
End of period	$	2,372,981,038		$	2,319,481,115
Undistributed (distributions in excess of) net investment income	$	975,147		$	11,750,519

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, 2017			For the Year Ended December 31, 2016			For the Year Ended December 31, 2017			For the Year Ended December 31, 2016			For the Year Ended December 31, 2017			For the Year Ended December 31, 2016			For the Year Ended December 31, 2017			For the Year Ended December 31, 2016
$	45,424,632		$	53,795,941		$	6,623,756		$	5,052,429		$	60,240,785		$	63,831,553		$	2,465,165		$	2,220,012
	641,921,865			79,277,863			66,406,606			65,702,486			372,570,368			221,827,116			43,958,518			22,209,878
	340,712,360			145,100,780			61,943,262			(33,370,153	)		160,622,809			165,887,284			86,452,802			(17,164,817	)
	1,028,058,857			278,174,584			134,973,624			37,384,762			593,433,962			451,545,953			132,876,485			7,265,073
	(47,670,675	)		(50,908,581	)		(5,455,397	)		(5,255,939	)		(50,138,723	)		(58,859,706	)		(2,060,335	)		(2,421,454	)
	(4,773,231	)		(4,835,762	)		(551,499	)		(523,839	)		(5,905,716	)		(7,559,424	)		(217,828	)		(298,138	)
	(188,398	)		(145,082	)		—			—			—			—			—			—
	(52,632,304	)		(55,889,425	)		(6,006,896	)		(5,779,778	)		(56,044,439	)		(66,419,130	)		(2,278,163	)		(2,719,592	)
	(232,329,918	)		(479,266,149	)		(63,822,541	)		(75,833,496	)		(211,321,994	)		(321,363,600	)		(18,738,294	)		(38,316,082	)
	(30,241,181	)		(55,348,578	)		(8,899,981	)		(10,746,897	)		(29,746,780	)		(48,363,667	)		(3,764,027	)		(8,316,510	)
	(1,534,584	)		(1,930,573	)		—			—			—			—			—			—
	(264,105,683	)		(536,545,300	)		(72,722,522	)		(86,580,393	)		(241,068,774	)		(369,727,267	)		(22,502,321	)		(46,632,592	)
	(316,737,987	)		(592,434,725	)		(78,729,418	)		(92,360,171	)		(297,113,213	)		(436,146,397	)		(24,780,484	)		(49,352,184	)
	80,762,993			92,295,115			6,573,433			20,699,516			104,640,250			134,212,828			35,466,468			16,810,513
	316,737,987			592,434,725			78,729,418			92,360,171			297,113,212			436,146,397			24,780,485			49,352,184
	(1,186,680,309	)		(1,594,446,333	)		(112,526,090	)		(130,281,451	)		(530,411,682	)		(575,274,237	)		(71,226,539	)		(83,230,273	)
	(789,179,329	)		(909,716,493	)		(27,223,239	)		(17,221,764	)		(128,658,220	)		(4,915,012	)		(10,979,586	)		(17,067,576	)
	(77,858,459	)		(1,223,976,634	)		29,020,967			(72,197,173	)		167,662,529			10,484,544			97,116,415			(59,154,687	)
	5,135,054,473			6,359,031,107			668,393,510			740,590,683			3,451,988,253			3,441,503,709			419,906,106			479,060,793
$	5,057,196,014		$	5,135,054,473		$	697,414,477		$	668,393,510		$	3,619,650,782		$	3,451,988,253		$	517,022,521		$	419,906,106
$	3,396,603		$	9,234,251		$	490,218		$	181,803		$	4,161,698		$	406,191		$	2,472,553		$	2,331,234

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, 2017			For the Year Ended December 31, 2016
Operations:
Net investment income (loss)	$	(2,643,363	)	$	(1,888,178	)
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		215,967,758			13,129,951
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		164,605,261			(18,177,806	)
Net Increase (Decrease) in Net Assets Resulting from Operations		377,929,656			(6,936,033	)
Distributions to Shareholders:
From net investment income
Class IA		—			(5,137,102	)
Class IB		—			(207,347	)
Class IC		—			(63,822	)
Total from net investment income		—			(5,408,271	)
From net realized gain on investments
Class IA		(16,106,762	)		(169,379,777	)
Class IB		(1,881,415	)		(20,295,840	)
Class IC		(403,653	)		(3,608,835	)
Total from net realized gain on investments		(18,391,830	)		(193,284,452	)
Total distributions		(18,391,830	)		(198,692,723	)
Capital Share Transactions:
Sold		46,904,728			160,464,745
Issued on reinvestment of distributions		18,391,829			198,692,723
Redeemed		(218,264,877	)		(226,639,753	)
Net increase (decrease) from capital share transactions		(152,968,320	)		132,517,715
Net Increase (Decrease) in Net Assets		206,569,506			(73,111,041	)
Net Assets:
Beginning of period		1,302,875,757			1,375,986,798
End of period	$	1,509,445,263		$	1,302,875,757
Undistributed (distributions in excess of) net investment income	$	(1,183,092	)	$	(341,766	)

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, 2017			For the Year Ended December 31, 2016			For the Year Ended December 31, 2017			For the Year Ended December 31, 2016			For the Year Ended December 31, 2017			For the Year Ended December 31, 2016			For the Year Ended December 31, 2017			For the Year Ended December 31, 2016
$	21,704		$	43,282		$	16,752,837		$	17,926,201		$	20,447,179		$	21,375,189		$	161,392		$	2,544,912
	20,678,238			51,905,351			5,132,805			(8,357,888	)		112,396,083			(17,553,005	)		232,241,276			67,772,211
	42,617,943			(87,833,573	)		769,720			33,937,976			178,814,146			9,302,116			210,733,817			125,224,671
	63,317,885			(35,884,940	)		22,655,362			43,506,289			311,657,408			13,124,300			443,136,485			195,541,794
	(3,196	)		(9,786,913	)		(14,107,895	)		(15,598,376	)		(19,083,304	)		(17,922,412	)		—			(2,990,801	)
	—			(1,640,493	)		(4,345,488	)		(4,574,775	)		(1,824,269	)		(2,012,534	)		—			(27,743	)
	—			—			—			—			—			—			—			—
	(3,196	)		(11,427,406	)		(18,453,383	)		(20,173,151	)		(20,907,573	)		(19,934,946	)		—			(3,018,544	)
	(42,554,097	)		(54,644,064	)		—			—			—			—			(94,658,887	)		(170,188,177	)
	(7,184,474	)		(10,078,753	)		—			—			—			—			(5,084,893	)		(9,620,889	)
	—			—			—			—			—			—			—			—
	(49,738,571	)		(64,722,817	)		—			—			—			—			(99,743,780	)		(179,809,066	)
	(49,741,767	)		(76,150,223	)		(18,453,383	)		(20,173,151	)		(20,907,573	)		(19,934,946	)		(99,743,780	)		(182,827,610	)
	47,830,448			39,480,807			16,051,926			30,368,396			238,539,464			118,384,245			371,154,622			147,356,841
	49,741,767			76,150,223			18,453,383			20,173,151			20,907,573			19,934,946			99,743,781			182,827,610
	(66,393,210	)		(136,380,062	)		(59,002,412	)		(80,415,801	)		(203,781,844	)		(215,191,291	)		(413,993,325	)		(280,412,628	)
	31,179,005			(20,749,032	)		(24,497,103	)		(29,874,254	)		55,665,193			(76,872,100	)		56,905,078			49,771,823
	44,755,123			(132,784,195	)		(20,295,124	)		(6,541,116	)		346,415,028			(83,682,746	)		400,297,783			62,486,007
	290,643,078			423,427,273			321,784,994			328,326,110			1,234,105,192			1,317,787,938			1,814,596,258			1,752,110,251
$	335,398,201		$	290,643,078		$	301,489,870		$	321,784,994		$	1,580,520,220		$	1,234,105,192		$	2,214,894,041		$	1,814,596,258
$	(135,601	)	$	(207,735	)	$	16,495,652		$	18,064,801		$	26,985,652		$	20,907,509		$	(201,237	)	$	20,852

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, 2017			For the Year Ended December 31, 2016
Operations:
Net investment income (loss)	$	1,239,709		$	1,996,770
Net realized gain (loss) on investments and foreign currency transactions		23,401,263			25,084,498
Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions		22,239,620			16,075,619
Net Increase (Decrease) in Net Assets Resulting from Operations		46,880,592			43,156,887
Distributions to Shareholders:
From net investment income
Class IA		(1,563,056	)		(1,470,383	)
Class IB		(264,904	)		(198,851	)
Total from net investment income		(1,827,960	)		(1,669,234	)
From net realized gain on investments
Class IA		(18,745,883	)		(37,432,863	)
Class IB		(5,766,845	)		(11,765,923	)
Total from net realized gain on investments		(24,512,728	)		(49,198,786	)
Total distributions		(26,340,688	)		(50,868,020	)
Capital Share Transactions:
Sold		6,974,933			6,844,502
Issued on reinvestment of distributions		26,340,688			50,868,020
Redeemed		(58,594,091	)		(53,319,463	)
Net increase (decrease) from capital share transactions		(25,278,470	)		4,393,059
Net Increase (Decrease) in Net Assets		(4,738,566	)		(3,318,074	)
Net Assets:
Beginning of period		379,576,036			382,894,110
End of period	$	374,837,470		$	379,576,036
Undistributed (distributions in excess of) net investment income	$	1,237,586		$	1,962,506

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

206

Hartford HLS Funds

Statements of Changes in Net Assets – (continued)

Hartford Small Cap Growth HLS Fund						Hartford Small Company HLS Fund						Hartford Small/Mid Cap Equity HLS Fund						Hartford Stock HLS Fund
For the Year Ended December 31, 2017			For the Year Ended December 31, 2016			For the Year Ended December 31, 2017			For the Year Ended December 31, 2016			For the Year Ended December 31, 2017			For the Year Ended December 31, 2016			For the Year Ended December 31, 2017			For the Year Ended December 31, 2016
$	(1,454,879	)	$	1,334,994		$	(2,511,265	)	$	(1,080,338	)	$	857,365		$	1,102,714		$	25,878,193		$	25,417,540
	99,838,478			(13,449,629	)		136,468,650			(87,580,547	)		8,513,724			2,737,265			127,954,070			123,117,444
	137,585,826			143,613,864			35,311,309			85,596,013			3,773,225			9,923,513			115,361,860			(42,576,110	)
	235,969,425			131,499,229			169,268,694			(3,064,872	)		13,144,314			13,763,492			269,194,123			105,958,874
	(446,628	)		(1,321,239	)		—			—			(703,323	)		(1,054,630	)		(23,707,000	)		(24,394,377	)
	—			—			—			—			(87,957	)		(154,757	)		(2,111,519	)		(2,241,103	)
	(446,628	)		(1,321,239	)		—			—			(791,280	)		(1,209,387	)		(25,818,519	)		(26,635,480	)
	—			(40,160,906	)		—			(87,123,722	)		(2,584,547	)		(4,735,022	)		—			—
	—			(9,586,481	)		—			(9,078,306	)		(462,535	)		(928,660	)		—			—
	—			(49,747,387	)		—			(96,202,028	)		(3,047,082	)		(5,663,682	)		—			—
	(446,628	)		(51,068,626	)		—			(96,202,028	)		(3,838,362	)		(6,873,069	)		(25,818,519	)		(26,635,480	)
	341,821,699			187,804,800			35,844,453			83,849,278			6,228,487			13,915,582			7,902,822			17,279,764
	391,968			45,817,119			—			96,202,028			3,838,362			6,873,069			25,818,519			26,635,480
	(441,836,449	)		(238,282,637	)		(504,062,833	)		(389,910,318	)		(25,253,892	)		(18,682,136	)		(208,424,356	)		(214,128,274	)
	(99,622,782	)		(4,660,718	)		(468,218,380	)		(209,859,012	)		(15,187,043	)		2,106,515			(174,703,015	)		(170,213,030	)
	135,900,015			75,769,885			(298,949,686	)		(309,125,912	)		(5,881,091	)		8,996,938			68,672,589			(90,889,636	)
	1,199,132,307			1,123,362,422			907,152,414			1,216,278,326			104,876,828			95,879,890			1,452,943,287			1,543,832,923
$	1,335,032,322		$	1,199,132,307		$	608,202,728		$	907,152,414		$	98,995,737		$	104,876,828		$	1,521,615,876		$	1,452,943,287
$	—		$	1,097,782		$	—		$	—		$	923,002		$	1,102,708		$	893,471		$	724,929

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, 2017			For the Year Ended December 31, 2016
Operations:
Net investment income (loss)	$	72,397,790		$	82,471,555
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		46,924,738			(32,141,795	)
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		3,063,744			67,926,043
Net Increase (Decrease) in Net Assets Resulting from Operations		122,386,272			118,255,803
Distributions to Shareholders:
From net investment income
Class IA		(64,104,099	)		(59,076,184	)
Class IB		(6,840,084	)		(6,394,079	)
Total from net investment income		(70,944,183	)		(65,470,263	)
From net realized gain on investments
Class IA		—			(8,917,940	)
Class IB		—			(1,089,963	)
Total from net realized gain on investments		—			(10,007,903	)
Total distributions		(70,944,183	)		(75,478,166	)
Capital Share Transactions:
Sold		133,249,068			108,664,980
Issued on reinvestment of distributions		70,944,183			75,478,166
Redeemed		(356,036,471	)		(463,514,702	)
Net (decrease) from capital share transactions		(151,843,220	)		(279,371,556	)
Net Increase (Decrease) in Net Assets		(100,401,131	)		(236,593,919	)
Net Assets:
Beginning of period		2,506,692,358			2,743,286,277
End of period	$	2,406,291,227		$	2,506,692,358
Undistributed (distributions in excess of) net investment income	$	89,462,062		$	69,347,138

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, 2017			For the Year Ended December 31, 2016			For the Year Ended December 31, 2017			For the Year Ended December 31, 2016			For the Year Ended December 31, 2017			For the Year Ended December 31, 2016
$	5,426,975		$	3,758,059		$	7,433,049		$	8,073,460		$	7,919,163		$	9,222,617
	110,447			133,001			(2,529,210	)		6,902,934			43,232,153			35,938,666
	(117,494	)		1,981,446			749,426			(6,553,709	)		23,121,521			20,356,805
	5,419,928			5,872,506			5,653,265			8,422,685			74,272,837			65,518,088
	(3,863,181	)		(2,551,645	)		(7,516,833	)		(7,582,207	)		(7,642,825	)		(7,538,457	)
	(353,222	)		(120,504	)		(1,395,249	)		(1,447,270	)		(1,096,859	)		(1,123,156	)
	(4,216,403	)		(2,672,149	)		(8,912,082	)		(9,029,477	)		(8,739,684	)		(8,661,613	)
	—			—			—			—			(31,542,050	)		(55,148,630	)
	—			—			—			—			(5,401,252	)		(9,603,547	)
	—			—			—			—			(36,943,302	)		(64,752,177	)
	(4,216,403	)		(2,672,149	)		(8,912,082	)		(9,029,477	)		(45,682,986	)		(73,413,790	)
	40,599,916			50,997,507			25,399,365			51,813,891			12,186,616			14,794,864
	4,216,403			2,672,149			8,912,083			9,029,477			45,682,987			73,413,790
	(131,702,061	)		(153,178,306	)		(79,206,757	)		(114,156,260	)		(84,180,318	)		(91,871,378	)
	(86,885,742	)		(99,508,650	)		(44,895,309	)		(53,312,892	)		(26,310,715	)		(3,662,724	)
	(85,682,217	)		(96,308,293	)		(48,154,126	)		(53,919,684	)		2,279,136			(11,558,426	)
	611,749,297			708,057,590			448,228,127			502,147,811			524,206,673			535,765,099
$	526,067,080		$	611,749,297		$	400,074,001		$	448,228,127		$	526,485,809		$	524,206,673
$	5,554,675		$	4,216,358		$	8,420,308		$	8,912,051		$	—		$	879,487

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 Capital 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, 2017
IA	$	27.46	$	0.55	$	3.72		$	4.27		$	(0.71	)	$	—		$	(0.71	)	$	31.02		15.59	%	$	2,095,246		0.66	%		0.63	%		1.86	%		26	%
IB		27.86		0.48		3.77			4.25			(0.63	)		—			(0.63	)		31.48		15.30			277,735		0.91			0.88			1.61			26
For the Year Ended December 31, 2016
IA	$	26.62	$	0.56	$	1.05		$	1.61		$	(0.77	)	$	—		$	(0.77	)	$	27.46		6.04	%	$	2,043,556		0.66	%		0.64	%		2.05	%		25	%
IB		26.99		0.50		1.07			1.57			(0.70	)		—			(0.70	)		27.86		5.79			275,925		0.91			0.89			1.80			25
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
Hartford Capital Appreciation HLS Fund
For the Year Ended December 31, 2017
IA	$	42.05	$	0.43	$	8.83		$	9.26		$	(0.54	)	$	(2.61	)	$	(3.15	)	$	48.16		22.14	%	$	4,457,603		0.68	%		0.68	%		0.91	%		75	%
IB		41.50		0.30		8.70			9.00			(0.41	)		(2.61	)		(3.02	)		47.48		21.82			569,615		0.93			0.93			0.66			75
IC		41.76		0.19		8.74			8.93			(0.32	)		(2.61	)		(2.93	)		47.76		21.50			29,979		1.18			1.18			0.41			75
For the Year Ended December 31, 2016
IA	$	44.44	$	0.41	$	1.94		$	2.35		$	(0.47	)	$	(4.27	)	$	(4.74	)	$	42.05		5.52	%	$	4,555,454		0.68	%		0.68	%		0.97	%		103	%
IB		43.93		0.30		1.90			2.20			(0.36	)		(4.27	)		(4.63	)		41.50		5.24			558,022		0.93			0.93			0.72			103
IC		44.21		0.19		1.92			2.11			(0.29	)		(4.27	)		(4.56	)		41.76		4.99			21,579		1.18			1.18			0.46			103
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(4)		60.21		0.09		3.53			3.62			(0.43	)		(8.81	)		(9.24	)		54.59		5.97	(5)		3,453		1.16	(6)		1.16	(6)		0.23	(6)		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

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 Capital 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, 2017
IA	$	14.30	$	0.15	$	2.83		$	2.98		$	(0.14	)	$	(1.71	)	$	(1.85	)	$	15.43		21.92	%	$	613,037		0.78	%		0.78	%		1.00	%		30	%
IB		14.17		0.11		2.80			2.91			(0.10	)		(1.71	)		(1.81	)		15.27		21.63			84,377		1.03			1.03			0.76			30
For the Year Ended December 31, 2016
IA	$	15.58	$	0.11	$	0.77		$	0.88		$	(0.13	)	$	(2.03	)	$	(2.16	)	$	14.30		5.76	%	$	587,089		0.79	%		0.79	%		0.76	%		33	%
IB		15.46		0.08		0.75			0.83			(0.09	)		(2.03	)		(2.12	)		14.17		5.49			81,304		1.04			1.04			0.51			33
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
Hartford Dividend and Growth HLS Fund
For the Year Ended December 31, 2017
IA	$	22.10	$	0.41	$	3.48		$	3.89		$	(0.38	)	$	(1.66	)	$	(2.04	)	$	23.95		18.36	%	$	3,179,540		0.68	%		0.68	%		1.75	%		25	%
IB		22.01		0.35		3.47			3.82			(0.32	)		(1.66	)		(1.98	)		23.85		18.11			440,111		0.93			0.93			1.50			25
For the Year Ended December 31, 2016
IA	$	22.09	$	0.43	$	2.67		$	3.10		$	(0.44	)	$	(2.65	)	$	(3.09	)	$	22.10		14.89	%	$	3,013,788		0.69	%		0.69	%		1.98	%		20	%
IB		22.02		0.38		2.65			3.03			(0.39	)		(2.65	)		(3.04	)		22.01		14.58			438,200		0.94			0.94			1.73			20
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

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 Capital 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, 2017
IA	$	22.14	$	0.14		$	6.99		$	7.13		$	(0.14	)	$	(1.24	)	$	(1.38	)	$	27.89		32.73	%	$	432,581		0.81	%		0.81	%		0.56	%		58	%
IB		21.95		0.08			6.91			6.99			(0.07	)		(1.24	)		(1.31	)		27.63		32.37			84,442		1.06			1.06			0.31			58
For the Year Ended December 31, 2016
IA	$	24.39	$	0.13		$	0.40		$	0.53		$	(0.17	)	$	(2.61	)	$	(2.78	)	$	22.14		1.95	%	$	347,375		0.82	%		0.82	%		0.55	%		65	%
IB		24.19		0.07			0.39			0.46			(0.09	)		(2.61	)		(2.70	)		21.95		1.71			72,531		1.07			1.07			0.30			65
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	%(7)
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	(7)
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
Hartford Growth Opportunities HLS Fund
For the Year Ended December 31, 2017
IA	$	29.83	$	(0.05	)	$	9.09		$	9.04		$	—		$	(0.45	)	$	(0.45	)	$	38.42		30.45	%	$	1,326,201		0.66	%		0.66	%		(0.15	)%		99	%
IB		28.74		(0.13	)		8.75			8.62			—			(0.45	)		(0.45	)		36.91		30.14			149,212		0.91			0.91			(0.40	)		99
IC		29.43		(0.22	)		8.95			8.73			—			(0.45	)		(0.45	)		37.71		29.80			34,033		1.16			1.16			(0.65	)		99
For the Year Ended December 31, 2016
IA	$	34.86	$	(0.04	)	$	0.06	(8)	$	0.02		$	(0.15	)	$	(4.90	)	$	(5.05	)	$	29.83		(0.49	)%	$	1,145,176		0.65	%		0.65	%		(0.11	)%		138	%
IB		33.76		(0.11	)		0.04	(8)		(0.07	)		(0.05	)		(4.90	)		(4.95	)		28.74		(0.77	)		132,149		0.90			0.90			(0.35	)		138
IC		34.57		(0.19	)		0.04	(8)		(0.15	)		(0.09	)		(4.90	)		(4.99	)		29.43		(1.01	)		25,550		1.15			1.15			(0.61	)		138
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(4)		40.23		(0.10	)		5.69			5.59			(0.07	)		(7.00	)		(7.07	)		38.75		14.79	(5)		1,717		1.14	(6)		1.14	(6)		(0.37	)(6)		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

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 Capital 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, 2017
IA	$	21.46	$	0.01		$	4.69		$	4.70		$	—		$	(3.70	)	$	(3.70	)	$	22.46		22.26	%	$	290,603		0.89	%		0.89	%		0.04	%		18	%
IB		20.60		(0.05	)		4.50			4.45			—			(3.70	)		(3.70	)		21.35		21.96			44,796		1.14			1.14			(0.21	)		18
For the Year Ended December 31, 2016
IA	$	30.32	$	0.01		$	(2.37	)	$	(2.36	)	$	(0.99	)	$	(5.51	)	$	(6.50	)	$	21.46		(8.39	)%	$	246,494		0.89	%		0.89	%		0.05	%		36	%
IB		29.36		(0.05	)		(2.30	)		(2.35	)		(0.90	)		(5.51	)		(6.41	)		20.60		(8.64	)		44,149		1.14			1.14			(0.20	)		36
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
Hartford High Yield HLS Fund
For the Year Ended December 31, 2017
IA	$	8.11	$	0.45		$	0.15		$	0.60		$	(0.51	)	$	—		$	(0.51	)	$	8.20		7.60	%	$	230,101		0.77	%		0.77	%		5.42	%		43	%
IB		7.98		0.42			0.15			0.57			(0.49	)		—			(0.49	)		8.06		7.31			71,389		1.02			1.02			5.17			43
For the Year Ended December 31, 2016
IA	$	7.55	$	0.44		$	0.62		$	1.06		$	(0.50	)	$	—		$	(0.50	)	$	8.11		14.25	%	$	244,212		0.79	%		0.79	%		5.52	%		41	%
IB		7.43		0.41			0.62			1.03			(0.48	)		—			(0.48	)		7.98		13.99			77,573		1.04			1.04			5.27			41
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

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 Capital 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, 2017
IA	$	14.14	$	0.24		$	3.31		$	3.55		$	(0.23	)	$	—		$	(0.23	)	$	17.46		25.25	%	$	1,418,078		0.73	%		0.73	%		1.46	%		91	%
IB		14.31		0.21			3.35			3.56			(0.19	)		—			(0.19	)		17.68		24.99			162,442		0.98			0.98			1.28			91
For the Year Ended December 31, 2016
IA	$	14.19	$	0.24		$	(0.06	)	$	0.18		$	(0.23	)	$	—		$	(0.23	)	$	14.14		1.26	%	$	1,086,762		0.76	%		0.76	%		1.74	%		95	%
IB		14.36		0.21			(0.07	)		0.14			(0.19	)		—			(0.19	)		14.31		0.94			147,343		1.01			1.01			1.50			95
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
Hartford MidCap HLS Fund
For the Year Ended December 31, 2017
IA	$	33.83	$	0.01		$	8.11		$	8.12		$	—		$	(1.85	)	$	(1.85	)	$	40.10		24.47	%	$	2,156,044		0.70	%		0.70	%		0.02	%		36	%
IB		33.17		(0.08	)		7.94			7.86			—			(1.85	)		(1.85	)		39.18		24.17			58,850		0.95			0.95			(0.23	)		36
For the Year Ended December 31, 2016
IA	$	33.66	$	0.05		$	3.80		$	3.85		$	(0.06	)	$	(3.62	)	$	(3.68	)	$	33.83		11.98	%	$	1,721,029		0.71	%		0.71	%		0.16	%		32	%
IB		33.11		(0.03	)		3.72			3.69			(0.01	)		(3.62	)		(3.63	)		33.17		11.69			93,567		0.96			0.96			(0.09	)		32
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

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 Capital 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, 2017
IA	$	12.00	$	0.05		$	1.47		$	1.52		$	(0.07	)	$	(0.85	)	$	(0.92	)	$	12.60		13.47	%	$	287,688		0.86	%		0.86	%		0.39	%		32	%
IB		11.91		0.02			1.46			1.48			(0.04	)		(0.85	)		(0.89	)		12.50		13.18			87,149		1.11			1.11			0.14			32
For the Year Ended December 31, 2016
IA	$	12.33	$	0.07		$	1.40		$	1.47		$	(0.07	)	$	(1.73	)	$	(1.80	)	$	12.00		12.82	%	$	289,872		0.86	%		0.86	%		0.61	%		38	%
IB		12.24		0.04			1.39			1.43			(0.03	)		(1.73	)		(1.76	)		11.91		12.56			89,704		1.11			1.11			0.36			38
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
Hartford Small Cap Growth HLS Fund
For the Year Ended December 31, 2017
IA	$	26.77	$	(0.02	)	$	5.39		$	5.37		$	(0.01	)	$	—		$	(0.01	)	$	32.13		20.07	%	$	960,690		0.65	%		0.65	%		(0.06	)%		51	%
IB		26.12		(0.09	)		5.25			5.16			—			—			—			31.28		19.75			374,342		0.90			0.90			(0.31	)		51
For the Year Ended December 31, 2016
IA	$	24.93	$	0.04		$	2.98		$	3.02		$	(0.04	)	$	(1.14	)	$	(1.18	)	$	26.77		12.37	%	$	972,576		0.65	%		0.65	%		0.17	%		51	%
IB		24.38		(0.02	)		2.90			2.88			—			(1.14	)		(1.14	)		26.12		12.08			226,557		0.90			0.90			(0.08	)		51
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

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 Capital 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 Company HLS Fund
For the Year Ended December 31, 2017
IA	$	16.16	$	(0.06	)	$	4.32		$	4.26		$	—		$	—		$	—		$	20.42		26.36	%	$	551,010		0.78	%		0.78	%		(0.33	)%		107	%
IB		15.05		(0.10	)		4.02			3.92			—			—			—			18.97		26.05			57,193		1.03			1.03			(0.58	)		107
For the Year Ended December 31, 2016
IA	$	17.52	$	(0.01	)	$	0.33	(8)	$	0.32		$	—		$	(1.68	)	$	(1.68	)	$	16.16		2.04	%	$	834,044		0.76	%		0.76	%		(0.08	)%		94	%
IB		16.47		(0.05	)		0.31	(8)		0.26			—			(1.68	)		(1.68	)		15.05		1.81			73,108		1.01			1.01			(0.34	)		94
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
Hartford Small/Mid Cap Equity HLS Fund
For the Year Ended December 31, 2017
IA	$	8.03	$	0.08		$	1.04		$	1.12		$	(0.07	)	$	(0.27	)	$	(0.34	)	$	8.81		14.43	%	$	84,144		0.92	%		0.92	%		0.91	%		82	%
IB		7.99		0.05			1.03			1.08			(0.05	)		(0.27	)		(0.32	)		8.75		13.94			14,851		1.17			1.17			0.66			82
For the Year Ended December 31, 2016
IA	$	7.45	$	0.09		$	1.09		$	1.18		$	(0.11	)	$	(0.49	)	$	(0.60	)	$	8.03		16.48	%	$	87,752		0.92	%		0.92	%		1.25	%		96	%
IB		7.40		0.07			1.09			1.16			(0.08	)		(0.49	)		(0.57	)		7.99		16.33			17,125		1.17			1.17			1.01			96
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

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 Capital 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, 2017
IA	$	67.55	$	1.30	$	12.10		$	13.40		$	(1.38	)	$	—		$	(1.38	)	$	79.57		19.85	%	$	1,378,245		0.52	%		0.52	%		1.76	%		14	%
IB		67.53		1.11		12.08			13.19			(1.18	)		—			(1.18	)		79.54		19.54			143,370		0.77			0.77			1.51			14
For the Year Ended December 31, 2016
IA	$	64.06	$	1.14	$	3.61		$	4.75		$	(1.26	)	$	—		$	(1.26	)	$	67.55		7.41	%	$	1,312,626		0.52	%		0.52	%		1.72	%		29	%
IB		64.03		0.97		3.61			4.58			(1.08	)		—			(1.08	)		67.53		7.14			140,317		0.77			0.77			1.47			29
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
Hartford Total Return Bond HLS Fund
For the Year Ended December 31, 2017
IA	$	11.09	$	0.34	$	0.23		$	0.57		$	(0.34	)	$	—		$	(0.34	)	$	11.32		5.16	%	$	2,157,506		0.51	%		0.51	%		2.99	%		89	%
IB		11.03		0.31		0.22			0.53			(0.31	)		—			(0.31	)		11.25		4.80			248,785		0.76			0.76			2.74			89
For the Year Ended December 31, 2016
IA	$	10.93	$	0.36	$	0.13		$	0.49		$	(0.29	)	$	(0.04	)	$	(0.33	)	$	11.09		4.49	%	$	2,244,505		0.52	%		0.52	%		3.16	%		36	%
IB		10.87		0.33		0.13			0.46			(0.26	)		(0.04	)		(0.30	)		11.03		4.22			262,187		0.77			0.77			2.91			36
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

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 Capital 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, 2017
IA	$	10.04	$	0.10		$	—	(8)	$	0.10		$	(0.08	)	$	—	$	(0.08	)	$	10.06		1.01	%	$	460,643		0.45	%		0.45	%		1.00	%		60	%
IB		10.02		0.07			0.01	(8)		0.08			(0.05	)		—		(0.05	)		10.05		0.80			65,424		0.70			0.70			0.75			60
For the Year Ended December 31, 2016
IA	$	9.99	$	0.06		$	0.04		$	0.10		$	(0.05	)	$	—	$	(0.05	)	$	10.04		0.97	%	$	533,091		0.45	%		0.45	%		0.61	%		51	%
IB		9.97		0.04			0.02			0.06			(0.01	)		—		(0.01	)		10.02		0.64			78,658		0.70			0.70			0.35			51
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(10)(11)
IA	$	10.00	$	—		$	—		$	—		$	—		$	—	$	—		$	10.00		—	%	$	1,013,110		0.45	%		0.21	%		(0.02	)%		6	%(12)
IB		10.00		(0.01	)		—			(0.01	)		—			—		—			9.99		(0.10	)		163,058		0.49			0.25			(0.06	)		6	(12)
Hartford U.S. Government Securities HLS Fund
For the Year Ended December 31, 2017
IA	$	10.30	$	0.19		$	(0.05	)	$	0.14		$	(0.23	)	$	—	$	(0.23	)	$	10.21		1.32	%	$	329,889		0.51	%		0.51	%		1.79	%		109	%
IB		10.28		0.16			(0.04	)		0.12			(0.20	)		—		(0.20	)		10.20		1.11			70,185		0.76			0.76			1.54			109
For the Year Ended December 31, 2016
IA	$	10.34	$	0.18		$	(0.02	)(8)	$	0.16		$	(0.20	)	$	—	$	(0.20	)	$	10.30		1.54	%	$	368,740		0.51	%		0.51	%		1.67	%		81	%
IB		10.32		0.15			(0.02	)(8)		0.13			(0.17	)		—		(0.17	)		10.28		1.27			79,489		0.76			0.76			1.42			81
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

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 Capital 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, 2017
IA	$	15.27	$	0.25	$	1.98		$	2.23		$	(0.28	)	$	(1.17	)	$	(1.45	)	$	16.05		15.44	%	$	450,788		0.80	%		0.80	%		1.56	%		14	%
IB		15.26		0.21		1.96			2.17			(0.24	)		(1.17	)		(1.41	)		16.02		15.04			75,698		1.05			1.05			1.31			14
For the Year Ended December 31, 2016
IA	$	15.58	$	0.28	$	1.75		$	2.03		$	(0.26	)	$	(2.08	)	$	(2.34	)	$	15.27		13.69	%	$	446,411		0.80	%		0.80	%		1.83	%		15	%
IB		15.57		0.24		1.75			1.99			(0.22	)		(2.08	)		(2.30	)		15.26		13.46			77,796		1.05			1.05			1.58			15
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

⁽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 contract level or by a qualified pension or retirement plan. 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⁾ Commenced operations on April 30, 2014.

⁽⁵⁾ Not annualized.

⁽⁶⁾ Annualized.

⁽⁷⁾ During the year ended December 31, 2014, the Fund incurred $61.8 million in sales associated with the transition of assets from Hartford Global Research HLS Fund, which merged into the Fund on June 23, 2014. These sales were excluded from the portfolio turnover rate calculation.

⁽⁸⁾ Per share amount was not in accord with the net realized and unrealized gain (loss) for the period because of the timing of transactions in shares of the Fund and the amount and timing of per-share net realized and unrealized gain (loss) on such shares.

⁽⁹⁾ During the year ended December 31, 2014, the Fund incurred $137.9 million in sales associated with the transition of assets from Hartford Growth HLS Fund, which merged into the Fund on June 23, 2014. These sales were excluded from the portfolio turnover rate calculation.

⁽¹⁰⁾  Net investment income (loss) per share amounts have been calculated using the Securities and Exchange Commission method.

⁽¹¹⁾ Per share amounts have been restated to reflect a reverse stock split effective October 21, 2013. Please see Notes to Financial Statements.

⁽¹²⁾  Portfolio turnover shown is from October 21, 2013 (conversion date) through December 31, 2013.

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

219

Hartford HLS Funds

Notes to Financial Statements

December 31, 2017

1. Organization:

Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. (each, a “Company” and collectively, the “Companies”) are each an open-end registered management investment company comprised of fifteen and four series, respectively, as of December 31, 2017. Financial statements for the series of each Company listed below (each, a “Fund” and collectively, the “Funds”) 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 Cap Growth HLS Fund (the “Small Cap Growth HLS Fund”)

Hartford Small/Mid Cap Equity HLS Fund (the “Small/Mid Cap Equity HLS Fund”)

Hartford U.S. Government Securities HLS Fund (the “U.S. Government Securities HLS Fund”)

The assets of each Fund are separate, and a shareholder’s interest is limited to the Fund in which shares are held. Each Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). 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 pension or 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 if permitted in the variable insurance contract prospectus. In addition, participants in certain qualified pension or retirement plans may choose the Funds if permitted by their plans.

Each Fund is a diversified open-end management investment company. Each Fund applies specialized accounting and reporting standards under Accounting Standards 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. Each of 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/Mid Cap Equity HLS Fund, Hartford Stock HLS Fund, Hartford Total Return Bond HLS Fund, Hartford Ultrashort Bond HLS Fund, Hartford U.S. Government Securities HLS Fund and Hartford Value HLS Fund is closed to new qualified pension and retirement plans until further notice, subject to certain exceptions. Small Cap Growth HLS Fund and Small Company HLS Fund are closed to new investors until further notice,

220

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

subject to certain exceptions. For more information please see the Fund’s prospectus. 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.

a) 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.

b) Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV of each Fund, portfolio securities and other assets held in the Fund’s portfolio for which market prices are readily available are valued at market value. Market value is generally determined on the basis of last reported trade prices or official close price. If no trades were reported, market value is based on prices 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 security or other instrument as determined in good faith under policies and procedures established by and under the supervision of the respective Company’s Board of Directors. Market prices are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or broker 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 holdings or assets. In addition, market prices are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities or other instruments 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 will generally 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. Securities and other instruments that are primarily traded on foreign markets may trade on days that are not business days of the Funds. The value of the foreign securities or other instruments 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 holding is primarily traded. There can be no assurance that a Fund could obtain the fair 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 and senior floating rate interests), non-exchange-traded derivatives and centrally cleared swaps held by a Fund are normally valued on the basis of quotes obtained from brokers and dealers or independent pricing services 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 obtained from yield data relating to investments or securities with similar characteristics. 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. Generally, a Fund may use fair valuation in regard to fixed income positions when the Fund holds defaulted or distressed investments or investments in a company in which a reorganization is pending. 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 exceeded 60 days.

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 a last trade price is not available, the value will be 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 options privately negotiated in the OTC market (“OTC options”) and such instruments that do not trade on an

221

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

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 securities or other instruments 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. Such open-end mutual funds may use fair value pricing as disclosed in their prospectuses.

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. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of such 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.

222

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

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

Quantitative Information about Level 3 Fair Value Measurements:

Security Type / Valuation Technique*	Unobservable Input	Input Value(s) Range		Fair Value at December 31, 2017
Common Stock
Cost	Trade Price		$0.00 to $117.38	$	7,842,309
Model	EV/Estimated Revenue		3.08x to 3.77x		2,614,504
Model	EV/EBITDA		9.1x		1,908,819
Preferred Stock
Model	EV/Estimated Revenue		2.2x to 7.6x		19,967,174
Cost	Trade Price		$4.98 to $51.81		60,939,379
Convertible Preferred Stock
Cost	Trade Price		$30.52		3,114,261
Total				$	96,386,446

* The Valuation Committee may consider applying appropriate valuation methodologies, which may include, but are not limited to: valuation through use of a “proxy” investment or index, discount from market value of a similar freely traded investment, a discount or premium which may consider market or regulatory sentiment (or other subjective determinations, inputs or factors not otherwise quantifiable), and any other appropriate method.

Small Company HLS Fund

Quantitative Information about Level 3 Fair Value Measurements:

Security Type /Valuation Technique*	Unobservable Input	Input Value(s) Range		Fair Value at December 31, 2017
Common Stock
Cost	Trade Price		$4.02	$	631,232
Model	EV/EBITDA		5.8x to 9.1x		3,123,075
Model	EV/Estimated Revenue		3.08x		1,291,858
Preferred Stock
Model	EV/Estimated Revenue		2.2x to 7.6x		9,772,105
Cost	Trade Price		$35.37		2,617,521
Total				$	17,435,791

* The Valuation Committee may consider applying appropriate valuation methodologies, which may include, but are not limited to: valuation through use of a “proxy” investment or index, discount from market value of a similar freely traded investment, a discount or premium which may consider market or regulatory sentiment (or other subjective determinations, inputs or factors not otherwise quantifiable), and any other appropriate method.

c) 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

223

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

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.

d) Taxes – A Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which such Fund invests. A Fund may also be subject to taxes withheld on foreign dividends from securities in which the Fund invests. The amount of any foreign taxes withheld and foreign tax expense is included on the accompanying Statements of Operations as a reduction to net investment income or net realized gain on investments in these securities, if applicable.

e) 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.

f) Joint Trading Account – A Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

g) 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 of the Fund. 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:

a) 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 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, 2017.

224

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

b) 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-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, 2017.

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. These transactions are excluded from a Fund’s portfolio turnover rate. See each Fund’s Schedule of Investments, if applicable, for TBA commitments as of December 31, 2017.

c) Senior Floating Rate Interests – Certain Funds may invest in senior floating rate interests. Senior floating rate interests generally 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, 2017.

d) Mortgage Related and Other Asset Backed Securities – A Fund 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, 2017.

225

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

e) Inflation Indexed Bonds – A Fund 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 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, 2017.

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.

a) 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 may be used in connection with settling purchases or sales of securities 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. Upon entering into a foreign currency contract, a Fund may be required to post margin equal to its outstanding exposure thereunder.

During the fiscal year ended December 31, 2017, Capital Appreciation HLS Fund, High Yield HLS Fund, International Opportunities HLS Fund, Total Return Bond HLS Fund and Value HLS Fund had engaged in Foreign Currency Contracts.

b) 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 risk 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 and an appropriate amount equal to the change in value (“variation margin”) is paid or received 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.

During the fiscal year ended December 31, 2017, Balanced HLS Fund, Disciplined Equity HLS Fund, Total Return Bond HLS Fund and U.S. Government Securities HLS Fund had engaged in Futures Contracts.

c) 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 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 segregate or earmark cash or other liquid investments having, for written call options, a value equal to the greater of the exercise price or the market value of the underlying instrument and, for written put options, a value equal to the exercise price. Writing put options may increase a Fund’s exposure to the underlying instrument. Writing call options may decrease a Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are

226

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

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 may increase a Fund’s exposure to the underlying instrument. Purchasing put options may decrease 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 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 OTC 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.

During the fiscal year ended December 31, 2017, Total Return Bond HLS Fund had engaged in Options Contracts.

d) 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 through a central counterparty or derivatives clearing organization (“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 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. However, the Fund is still exposed to a certain amount of counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its

227

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

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 credit risk through buying and selling credit protection on a specific issuer, asset or basket of assets. 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.

During the fiscal year ended December 31, 2017, High Yield HLS Fund, Total Return Bond HLS Fund and U.S. Government Securities HLS Fund had engaged in Credit Default Swap Contracts.

Interest Rate Swap Contracts – Certain Funds are subject to interest rate risk exposure in the normal course of pursuing its investment objectives. A Fund may use interest rate swaps to hedge interest rate and duration risk across a portfolio at particular duration points to maintain its ability to generate income at prevailing market rates. 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 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.

During the fiscal year ended December 31, 2017, Total Return Bond HLS Fund and U.S. Government Securities HLS Fund had engaged in Interest Rate Swap Contracts.

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

228

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

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.

During the fiscal year ended December 31, 2017, Total Return Bond HLS Fund had engaged in Cross Currency Swap Contracts.

e) Additional Derivative Instrument Information:

Balanced HLS Fund

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2017:

	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)	$	188,302	$	—	$	—	$	—	$	—	$	—	$	188,302
Total	$	188,302	$	—	$	—	$	—	$	—	$	—	$	188,302

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2017

	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	$	(687,189	)	$	—	$	—	$	—	$	—	$	—	$	(687,189	)
Total	$	(687,189	)	$	—	$	—	$	—	$	—	$	—	$	(687,189	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of futures contracts	$	349,426		$	—	$	—	$	—	$	—	$	—	$	349,426
Total	$	349,426		$	—	$	—	$	—	$	—	$	—	$	349,426

For the year ended December 31, 2017, the average amount or number per contract outstanding for each derivative type was as follows:

Derivative Description	Average Notional Par, Contracts or Face Amount
Futures Contracts Long at Number of Contracts		4
Futures Contracts Short at Number of Contracts		(221	)

Capital Appreciation HLS Fund

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2017:

	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	$	—	$	22,177	$	—	$	—	$	—	$	—	$	22,177
Total	$	—	$	22,177	$	—	$	—	$	—	$	—	$	22,177
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	252,380	$	—	$	—	$	—	$	—	$	252,380
Total	$	—	$	252,380	$	—	$	—	$	—	$	—	$	252,380

229

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

Capital Appreciation HLS Fund – (continued)

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2017

	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	$	—	$	(3,400,588	)	$	—	$	—	$	—	$	—	$	(3,400,588	)
Total	$	—	$	(3,400,588	)	$	—	$	—	$	—	$	—	$	(3,400,588	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of foreign currency contracts	$	—	$	(1,220,777	)	$	—	$	—	$	—	$	—	$	(1,220,777	)
Total	$	—	$	(1,220,777	)	$	—	$	—	$	—	$	—	$	(1,220,777	)

For the year ended December 31, 2017, the average amount or number per contract outstanding for each derivative type was as follows:

Derivative Description	Average Notional Par, Contracts or Face Amount
Foreign Currency Contracts Purchased at Contract Amount	$	48,488,374
Foreign Currency Contracts Sold at Contract Amount	$	61,675,987

Disciplined Equity HLS Fund

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2017

	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	$	—	$	—	$	—	$	(37,464)	$	—	$	—	$	(37,464)
Total	$	—	$	—	$	—	$	(37,464)	$	—	$	—	$	(37,464)

For the year ended December 31, 2017, the average amount or number per contract outstanding for each derivative type was as follows:

Derivative Description	Average Notional Par, Contracts or Face Amount
Futures Contracts Long at Number of Contracts		49

High Yield HLS Fund

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2017:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	60,543	$	—	$	—	$	—	$	—	$	60,543
Total	$	—	$	60,543	$	—	$	—	$	—	$	—	$	60,543

230

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

High Yield HLS Fund – (continued)

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2017

	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	$	—	$	—		$	748,401		$	—	$	—	$	—	$	748,401
Net realized gain (loss) on foreign currency contracts		—		(258,036	)		—			—		—		—		(258,036	)
Total	$	—	$	(258,036	)	$	748,401		$	—	$	—	$	—	$	490,365
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of swap contracts	$	—	$	—		$	(302,502	)	$	—	$	—	$	—	$	(302,502	)
Net change in unrealized appreciation (depreciation) of foreign currency contracts		—		(19,105	)		—			—		—		—		(19,105	)
Total	$	—	$	(19,105	)	$	(302,502	)	$	—	$	—	$	—	$	(321,607	)

For the year ended December 31, 2017, the average amount or number per contract outstanding for each derivative type was as follows:

Derivative Description	Average Notional Par, Contracts or Face Amount
Swap Contracts at Notional Amount	$	6,276,910
Foreign Currency Contracts Purchased at Contract Amount	$	951,867
Foreign Currency Contracts Sold at Contract Amount	$	3,355,845

International Opportunities HLS Fund

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2017:

	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	$	—	$	(1,419,611	)	$	—	$	—	$	—	$	—	$	(1,419,611	)
Total	$	—	$	(1,419,611	)	$	—	$	—	$	—	$	—	$	(1,419,611	)

International Opportunities HLS Fund – (continued)

For the year ended December 31, 2017, the average amount or number per contract outstanding for each derivative type was as follows:

Derivative Description	Average Notional Par, Contracts or Face Amount
Foreign Currency Contracts Purchased at Contract Amount	$	101,702,773
Foreign Currency Contracts Sold at Contract Amount	$	100,283,163

231

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

Total Return Bond HLS Fund

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2017:

	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	$	4,184,607	$	—	$	—	$	—	$	—	$	—	$	4,184,607
Unrealized appreciation on futures contracts(1)		1,312,227		—		—		—		—		—		1,312,227
Unrealized appreciation on foreign currency contracts		—		191,937		—		—		—		—		191,937
Unrealized appreciation on swap contracts(2)		980,417		—		1,163,723		—		—		—		2,144,140
Total	$	6,477,251	$	191,937	$	1,163,723	$	—	$	—	$	—	$	7,832,911
Liabilities:
Unrealized depreciation on futures contracts(1)	$	2,960,675	$	—	$	—	$	—	$	—	$	—	$	2,960,675
Unrealized depreciation on foreign currency contracts		—		673,631		—		—		—		—		673,631
Unrealized depreciation on swap contracts(2)		745,427		—		4,237,788		—		—		—		4,983,215
Total	$	3,706,102	$	673,631	$	4,237,788	$	—	$	—	$	—	$	8,617,521

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2017:

	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	$	267,703		$	211,584		$	—		$	—	$	—	$	—	$	479,287
Net realized gain (loss) on futures contracts		7,587,676			—			—			—		—		—		7,587,676
Net realized gain (loss) on written options contracts		(101,264	)		45,534			—			—		—		—		(55,730	)
Net realized gain (loss) on swap contracts		2,607,126			(123,338	)		1,347,822			—		—		—		3,831,610
Net realized gain (loss) on foreign currency contracts		—			330,232			—			—		—		—		330,232
Total	$	10,361,241		$	464,012		$	1,347,822		$	—	$	—	$	—	$	12,173,075
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	$	(590,793	)	$	121,734		$	—		$	—	$	—	$	—	$	(469,059	)
Net change in unrealized appreciation (depreciation) of futures contracts		(1,652,213	)		—			—			—		—		—		(1,652,213	)
Net change in unrealized appreciation (depreciation) of swap contracts		(3,408,844	)		—			(4,641,702	)		—		—		—		(8,050,546	)
Net change in unrealized appreciation (depreciation) of foreign currency contracts		—			(3,976,407	)		—			—		—		—		(3,976,407	)
Total	$	(5,651,850	)	$	(3,854,673	)	$	(4,641,702	)	$	—	$	—	$	—	$	(14,148,225	)

For the year ended December 31, 2017, the average amount or number per contract outstanding for each derivative type was as follows:

Derivative Description	Average Notional Par, Contracts or Face Amount
Purchased Options Contracts at Number of Contracts		22,799,545
Futures Contracts Long at Number of Contracts		4,250
Futures Contracts Short at Number of Contracts		(2,293	)
Swap Contracts at Notional Amount	$	504,713,405
Foreign Currency Contracts Purchased at Contract Amount	$	36,879,036
Foreign Currency Contracts Sold at Contract Amount	$	90,710,423

232

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

U.S. Government Securities HLS Fund

Fair Value of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2017:

	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)	$	44,077	$	—	$	—	$	—	$	—	$	—	$	44,077
Unrealized appreciation on swap contracts(2)		2,331		—		99,089		—		—		—		101,420
Total	$	46,408	$	—	$	99,089	$	—	$	—	$	—	$	145,497
Liabilities:
Unrealized depreciation on futures contracts(1)	$	409,800	$	—	$	—	$	—	$	—	$	—	$	409,800
Unrealized depreciation on swap contracts(2)		103,715		—		54,000		—		—		—		157,715
Total	$	513,515	$	—	$	54,000	$	—	$	—	$	—	$	567,515

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2017

	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	$	(1,128,902	)	$	—	$	—	$	—	$	—	$	—	$	(1,128,902	)
Net realized gain (loss) on swap contracts		543,143			—		—		—		—		—		543,143
Total	$	(585,759	)	$	—	$	—	$	—	$	—	$	—	$	(585,759	)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of futures contracts	$	10,785		$	—	$	—	$	—	$	—	$	—	$	10,785
Net change in unrealized appreciation (depreciation) of swap contracts		(527,678	)		—		45,089		—		—		—		(482,589	)
Total	$	(516,893	)	$	—	$	45,089	$	—	$	—	$	—	$	(471,804	)

For the year ended December 31, 2017, the average amount or number per contract outstanding for each derivative type was as follows:

Derivative Description	Average Notional Par, Contracts or Face Amount
Futures Contracts Long at Number of Contracts		937
Futures Contracts Short at Number of Contracts		(168	)
Swap Contracts at Notional Amount	$	38,583,889

⁽¹⁾  Amount represents the cumulative appreciation (depreciation) on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statements of Assets and Liabilities.

⁽²⁾  Amount represents the cumulative appreciation (depreciation) on centrally cleared swaps, if applicable, as 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.

f) 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.

233

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

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, 2017:

Balanced HLS Fund
Derivative Financial Instruments:	Assets			Liabilities
Futures contracts	$	188,302		$	—
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		188,302			—
Derivatives not subject to a MNA		(188,302	)		—
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	$	22,177	$	(252,380	)
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		22,177		(252,380	)
Derivatives not subject to a MNA		—		—
Total gross amount of assets and liabilities subject to MNA or similar agreements	$	22,177	$	(252,380	)

Counterparty	Gross Amount of Assets			Financial Instruments and Derivatives Available for Offset		Non-cash Collateral Received*		Cash Collateral Received*		Net Amount of Assets
Credit Suisse First Boston Corp.	$	22,177		$	—	$	—	$	—	$	22,177
Counterparty	Gross Amount of Liabilities			Financial Instruments and Derivatives Available for Offset		Non-cash Collateral Pledged*		Cash Collateral Pledged*		Net Amount of Liabilities
Morgan Stanley	$	(252,380	)	$	—	$	—	$	—	$	(252,380	)

* In some instances, the actual collateral received and/or pledged may be more than the amount shown.

High Yield HLS Fund
Derivative Financial Instruments:	Assets		Liabilities
Foreign currency contracts	$	—	$	(60,543	)
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		—		(60,543	)
Derivatives not subject to a MNA		—		—
Total gross amount of assets and liabilities subject to MNA or similar agreements	$	—	$	(60,543	)

234

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

High Yield HLS Fund
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	$	(34,785	)	$	—	$	—	$	—	$	(34,785	)
Citibank NA		(25,758	)		—		—		—		(25,758	)
Total	$	(60,543	)	$	—	$	—	$	—	$	(60,543	)

* 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	$	191,937		$	(673,631	)
Futures contracts		1,312,227			(2,960,675	)
Purchased options		—			(590,793	)
Swap contracts		2,144,140			(4,983,215	)
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		3,648,304			(9,208,314	)
Derivatives not subject to a MNA		(2,285,568	)		4,173,350
Total gross amount of assets and liabilities subject to MNA or similar agreements	$	1,362,736		$	(5,034,964	)

Counterparty	Gross Amount of Assets		Financial Instruments and Derivatives Available for Offset			Non-cash Collateral Received*		Cash Collateral Received*			Net Amount of Assets
Australia and New Zealand Banking Group	$	16,727	$	—		$	—	$	—		$	16,727
Banc of America Securities LLC		307,657		(83,737	)		—		(223,920	)		—
Citibank NA		96,436		(93,583	)		—		(2,853	)		—
Credit Suisse International		191,105		(191,105	)		—		—			—
Deutsche Bank Securities, Inc.		45,041		(45,041	)		—		—			—
Goldman Sachs & Co.		82,250		(82,250	)		—		—			—
JP Morgan Chase & Co.		7,317		(7,317	)		—		—			—
Morgan Stanley		595,615		(595,615	)		—		—			—
State Street Global Markets LLC		20,588		(20,588	)		—		—			—
Total	$	1,362,736	$	(1,119,236	)	$	—	$	(226,773	)	$	16,727

235

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

Total Return Bond HLS Fund
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	$	(83,737	)	$	83,737	$	—	$	—	$	—
Barclays		(742,224	)		—		742,224		—		—
Citibank NA		(93,583	)		93,583		—		—		—
Credit Suisse International		(1,659,144	)		191,105		1,468,039		—		—
Deutsche Bank Securities, Inc.		(140,707	)		45,041		95,666		—		—
Goldman Sachs & Co.		(1,136,434	)		82,250		1,054,184		—		—
HSBC Bank USA		(27,150	)		—		—		—		(27,150	)
JP Morgan Chase & Co.		(277,124	)		7,317		—		—		(269,807	)
Morgan Stanley		(751,766	)		595,615		156,151		—		—
National Australia Bank Limited		(24,134	)		—		—		—		(24,134	)
Standard Chartered Bank		(28,716	)		—		—		—		(28,716	)
State Street Global Markets LLC		(55,670	)		20,588		—		—		(35,082	)
Westpac International		(14,575	)		—		—		—		(14,575	)
Total	$	(5,034,964	)	$	1,119,236	$	3,516,264	$	—	$	(399,464	)

* 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	$	44,077		$	(409,800	)
Swap contracts		101,420			(157,715	)
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		145,497			(567,515	)
Derivatives not subject to a MNA		(46,408	)		513,515
Total gross amount of assets and liabilities subject to MNA or similar agreements	$	99,089		$	(54,000	)

Counterparty	Gross Amount of Assets		Financial Instruments and Derivatives Available for Offset			Non-cash Collateral Received*		Cash Collateral Received*		Net Amount of Assets
Morgan Stanley	$	99,089	$	(54,000	)	$	—	$	—	$	45,089

Counterparty	Gross Amount of Liabilities			Financial Instruments and Derivatives Available for Offset		Non-cash Collateral Pledged*		Cash Collateral Pledged*		Net Amount of Liabilities
Morgan Stanley	$	(54,000	)	$	54,000	$	—	$	—	$	—

* 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, 2017

5. Principal Risks:

A Fund’s investments expose it to various types of risks associated with financial instruments and the markets. A Fund may be exposed to the risks described below. Each Fund’s prospectus provides details of its principal risks.

The market values of equity securities, such as common stocks and preferred stocks, or equity related derivative 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. The extent of each Fund’s exposure to market risk is the market value of the investments held as shown in the Fund’s Schedule of Investments.

Certain investments held by a Fund expose the Fund to various risks which may include, but are not limited to, interest rate, prepayment, and extension 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.

Investing in the securities of non-U.S. issuers, whether directly or indirectly, involves certain considerations and risks not typically associated with securities of U.S. issuers. Such risks include, but are not limited to: generally less liquid and less efficient securities markets; generally greater price volatility; exchange rate fluctuations; imposition of restrictions on the expatriation of funds or other protectionist measures; less publicly available information about issuers; the imposition of withholding or other taxes; higher transaction and custody costs; settlement delays and risk of loss attendant in settlement procedures; difficulties in enforcing contractual obligations; less regulation of securities markets; different accounting, disclosure and reporting requirements; more substantial governmental involvement in the economy; higher inflation rates; and greater social, economic and political uncertainties. These risks are heightened for investments in issuers from countries with less developed markets.

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. 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.

6. Federal Income Taxes:

a) 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 year. 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, 2017. 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.

b) 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

237

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

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 each Fund.

c) Distributions and Components of Distributable Earnings – The tax character of distributions paid by each Fund for the years ended December 31, 2017 and December 31, 2016 are as follows (as adjusted for dividends payable, if applicable):

	For the Year Ended December 31, 2017				For the Year Ended December 31, 2016
Fund	Ordinary Income		Long-Term Capital Gains(1)		Ordinary Income		Long-Term Capital Gains(1)
Balanced HLS Fund	$	52,998,179	$	—	$	64,341,864	$	—
Capital Appreciation HLS Fund		256,975,919		59,762,068		109,413,745		483,020,980
Disciplined Equity HLS Fund		13,006,932		65,722,486		5,779,778		86,580,392
Dividend and Growth HLS Fund		74,944,481		222,168,732		67,340,704		368,805,693
Global Growth HLS Fund		2,278,163		22,502,321		2,719,592		46,632,592
Growth Opportunities HLS Fund		—		18,391,830		63,046,538		135,646,185
Healthcare HLS Fund		3,196		49,738,571		16,501,827		59,648,396
High Yield HLS Fund		18,453,383		—		20,173,151		—
International Opportunities HLS Fund		20,907,573		—		19,934,946		—
MidCap HLS Fund		32,145,069		67,598,711		3,018,544		179,809,066
MidCap Value HLS Fund		1,827,960		24,512,728		3,944,532		46,923,488
Small Cap Growth HLS Fund		446,623		5		3,674,250		47,394,376
Small Company HLS Fund		—		—		—		96,202,028
Small/Mid Cap Equity HLS Fund		791,280		3,047,082		1,209,387		5,663,682
Stock HLS Fund		25,818,519		—		26,635,480		—
Total Return Bond HLS Fund		70,944,183		—		65,470,345		10,007,821
Ultrashort Bond HLS Fund		4,216,403		—		2,672,149		—
U.S. Government Securities HLS Fund		8,912,082		—		9,029,477		—
Value HLS Fund		10,800,129		34,882,857		10,899,057		62,514,733

⁽¹⁾ The Funds designate these distributions as long-term capital gain dividends pursuant to IRC Sec. 852(b)(3)(c).

As of December 31, 2017, 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)			Other Temporary Differences			Unrealized Appreciation (Depreciation) on Investments(2)			Total Accumulated Earnings (Deficit)
Balanced HLS Fund	$	975,147	$	89,763,832	$	—		$	(16,601	)	$	511,690,137		$	602,412,515
Capital Appreciation HLS Fund		44,533,236		356,458,423		—			—			619,677,723			1,020,669,382
Disciplined Equity HLS Fund		2,053,006		57,940,757		—			—			185,560,706			245,554,469
Dividend and Growth HLS Fund		4,161,698		354,668,890		—			—			1,157,794,491			1,516,625,079
Global Growth HLS Fund		4,474,835		41,743,435		—			—			139,557,917			185,776,187
Growth Opportunities HLS Fund		87,904,788		121,869,089		—			—			260,038,528			469,812,405
Healthcare HLS Fund		6,465,216		13,897,518		—			—			54,108,553			74,471,287
High Yield HLS Fund		16,556,069		—		(15,682,222	)		—			3,047,910			3,921,757
International Opportunities HLS Fund		26,985,652		—		—			—			206,675,272			233,660,924
MidCap HLS Fund		7,302,796		193,159,703		—			—			591,614,140			792,076,639
MidCap Value HLS Fund		1,413,321		22,813,006		—			—			85,144,472			109,370,799
Small Cap Growth HLS Fund		—		83,406,237		—			—			286,944,984			370,351,221
Small Company HLS Fund		—		40,858,715		—			—			113,085,725			153,944,440
Small/Mid Cap Equity HLS Fund		923,003		8,535,279		—			—			18,087,830			27,546,112
Stock HLS Fund		894,608		—		—			—			358,649,725			359,544,333
Total Return Bond HLS Fund		86,244,144		7,741,822		—			10,236			18,767,111			112,763,313
Ultrashort Bond HLS Fund		5,554,675		—		(685,090	)		—			(198,333	)		4,671,252

238

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

Fund	Undistributed Ordinary Income		Undistributed Long-Term Capital Gain		Accumulated Capital and Other Losses(1)			Other Temporary Differences			Unrealized Appreciation (Depreciation) on Investments(2)			Total Accumulated Earnings (Deficit)
U.S. Government Securities HLS Fund	$	8,467,367	$	—	$	(86,084,126	)	$	(262,058	)	$	(1,094,140	)	$	(78,972,957	)
Value HLS Fund		412,733		40,768,371		—			—			145,427,026			186,608,130

⁽¹⁾  The Funds have 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.

d) 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 partnerships, REITs, return of capital from corporate stock, foreign currency, redesignation of distributions, PFICs, expiration of capital loss carryforwards or utilization of 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, 2017, 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	$	(9,506	)	$	(470,029	)	$	479,535
Capital Appreciation HLS Fund		(94,744	)		1,370,024			(1,275,280	)
Disciplined Equity HLS Fund		—			(308,445	)		308,445
Dividend and Growth HLS Fund		—			(440,839	)		440,839
Global Growth HLS Fund		(1	)		(45,683	)		45,684
Growth Opportunities HLS Fund		(104,306	)		1,802,037			(1,697,731	)
Healthcare HLS Fund		—			53,626			(53,626	)
High Yield HLS Fund		(9,709,378	)		131,397			9,577,981
International Opportunities HLS Fund		(195,309,854)			6,538,537			188,771,317
MidCap HLS Fund		(1	)		(383,481	)		383,482
MidCap Value HLS Fund		—			(136,669	)		136,669
Small Cap Growth HLS Fund		(1,464,555	)		803,725			660,830
Small Company HLS Fund		(4,824,347	)		2,511,265			2,313,082
Small/Mid Cap Equity HLS Fund		—			(245,791	)		245,791
Stock HLS Fund		(5,476,238	)		108,868			5,367,370
Total Return Bond HLS Fund		(1	)		18,661,317			(18,661,316	)
Ultrashort Bond HLS Fund		—			127,745			(127,745	)
U.S. Government Securities HLS Fund		(25,163,378	)		987,290			24,176,088
Value HLS Fund		—			(58,966	)		58,966

e) 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.

239

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

At December 31, 2017 (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	2018
High Yield HLS Fund	$	—	$	2,204,643	$	13,477,579
Ultrashort Bond HLS Fund		—		309,366		375,724
U.S. Government Securities HLS Fund		58,149,395		2,231,528		25,703,203

Balanced HLS Fund, Capital Appreciation HLS Fund, Disciplined Equity HLS Fund, Dividend and Growth HLS Fund, Global Growth HLS Fund, Growth Opportunities HLS Fund, Healthcare HLS Fund, International Opportunities HLS Fund, MidCap HLS Fund, MidCap Value HLS Fund, Small Cap Growth HLS Fund, Small Company HLS Fund, Small/Mid Cap Equity HLS Fund, Stock HLS Fund, Total Return Bond HLS Fund and Value HLS Fund had no capital loss carryforwards for U.S. federal income tax purposes as of December 31, 2017.

During the fiscal year ended December 31, 2017, the Balanced HLS Fund, High Yield HLS Fund, International Opportunities HLS Fund, Small Cap Growth HLS Fund, Small Company HLS Fund, Stock HLS Fund and Total Return Bond HLS Fund utilized $81,394,802, $5,006,208, $104,728,215, $14,202,092, $91,646,492, $128,342,761 and $13,673,254 of prior year capital loss carryforwards, respectively.

During the year ended December 31, 2017, High Yield HLS Fund, International Opportunities HLS Fund, Stock HLS Fund and U.S. Government Securities HLS Fund had expired $9,709,378, $195,309,855, $5,476,238 and $25,163,377 of prior year capital loss carryforwards, respectively.

f) Tax Basis of Investments – The aggregate cost of investments for federal income tax purposes at December 31, 2017 was substantially the same for book purposes. The net unrealized appreciation/(depreciation) on investments, which consists of gross unrealized appreciation and depreciation, is disclosed below:

Fund	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation/ (Depreciation)
Balanced HLS Fund	$	1,857,035,146	$	549,405,694	$	(37,706,097	)	$	511,699,597
Capital Appreciation HLS Fund		4,440,280,557		721,692,592		(101,996,013	)		619,696,579
Disciplined Equity HLS Fund		513,333,693		186,312,014		(751,308	)		185,560,706
Dividend and Growth HLS Fund		2,461,393,941		1,183,687,610		(25,903,454	)		1,157,784,156
Global Growth HLS Fund		380,241,624		141,650,407		(2,090,589	)		139,559,818
Growth Opportunities HLS Fund		1,251,685,783		271,202,281		(11,155,405	)		260,046,876
Healthcare HLS Fund		281,302,777		76,795,802		(22,686,919	)		54,108,883
High Yield HLS Fund		292,041,395		12,125,215		(9,078,329	)		3,046,886
International Opportunities HLS Fund		1,380,438,180		220,930,111		(14,283,589	)		206,646,522
MidCap HLS Fund		1,630,202,955		626,708,240		(35,094,100	)		591,614,140
MidCap Value HLS Fund		290,033,777		96,560,553		(11,414,969	)		85,145,584
Small Cap Growth HLS Fund		1,044,598,926		327,745,736		(40,800,752	)		286,944,984
Small Company HLS Fund		495,955,978		125,774,472		(12,688,747	)		113,085,725
Small/Mid Cap Equity HLS Fund		80,809,690		20,653,440		(2,565,610	)		18,087,830
Stock HLS Fund		1,167,912,594		374,639,981		(15,975,645	)		358,664,336
Total Return Bond HLS Fund		2,888,858,723		44,898,554		(25,964,239	)		18,934,315
Ultrashort Bond HLS Fund		525,088,826		726,137		(924,470	)		(198,333	)
U.S. Government Securities HLS Fund		422,112,344		2,812,716		(3,906,856	)		(1,094,140	)
Value HLS Fund		381,283,840		160,844,518		(15,418,162	)		145,426,356

g) Accounting for Uncertainty in Income Taxes – Pursuant to provisions set forth by U.S. GAAP, management reviews each Fund’s tax positions for all open tax years. As of December 31, 2017, management 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.

240

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

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. Management 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:

a) Investment Management Agreement – Hartford Funds Management Company, LLC (“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 and Wellington Management performs the daily investment of the assets of each Fund, in accordance with the 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, 2017; 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
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

241

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

Fund	Management Fee Rates
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 Cap 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
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

242

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

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
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 0.03% of average daily net assets until December 31, 2017, for the Balanced HLS Fund.

b) 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	0.018% on first $3.5 billion and;
	0.014% on next $3.5 billion and;
	0.010% over $7 billion

243

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

Fund	Accounting Services Fee Rates
Capital Appreciation HLS Fund	0.018% on first $3.5 billion and;
	0.014% on next $3.5 billion and;
	0.010% over $7 billion
Disciplined Equity HLS Fund	0.014% on first $3.5 billion and;
	0.012% on next $3.5 billion and;
	0.010% over $7 billion
Dividend and Growth HLS Fund	0.014% on first $3.5 billion and;
	0.012% on next $3.5 billion and;
	0.010% over $7 billion
Global Growth HLS Fund	0.014% on first $3.5 billion and;
	0.012% on next $3.5 billion and;
	0.010% over $7 billion
Growth Opportunities HLS Fund	0.018% on first $3.5 billion and;
	0.014% on next $3.5 billion and;
	0.010% over $7 billion
Healthcare HLS Fund	0.014% on first $3.5 billion and;
	0.012% on next $3.5 billion and;
	0.010% over $7 billion
High Yield HLS Fund	0.014% on first $3.5 billion and;
	0.012% on next $3.5 billion and;
	0.010% over $7 billion
International Opportunities HLS Fund	0.014% on first $3.5 billion and;
	0.012% on next $3.5 billion and;
	0.010% over $7 billion
MidCap HLS Fund	0.014% on first $3.5 billion and;
	0.012% on next $3.5 billion and;
	0.010% over $7 billion
MidCap Value HLS Fund	0.014% on first $3.5 billion and;
	0.012% on next $3.5 billion and;
	0.010% over $7 billion
Small Cap Growth HLS Fund	0.018% on first $3.5 billion and;
	0.014% on next $3.5 billion and;
	0.010% over $7 billion
Small Company HLS Fund	0.018% on first $3.5 billion and;
	0.014% on next $3.5 billion and;
	0.010% over $7 billion
Small/Mid Cap Equity HLS Fund	0.014% on first $3.5 billion and;
	0.012% on next $3.5 billion and;
	0.010% over $7 billion
Stock HLS Fund	0.014% on first $3.5 billion and;
	0.012% on next $3.5 billion and;
	0.010% over $7 billion

244

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

Fund	Accounting Services Fee Rates
Total Return Bond HLS Fund	0.018% on first $3.5 billion and;
	0.014% on next $3.5 billion and;
	0.010% over $7 billion
Ultrashort Bond HLS Fund	0.014% on first $3.5 billion and;
	0.012% on next $3.5 billion and;
	0.010% over $7 billion
U.S. Government Securities HLS Fund	0.014% on first $3.5 billion and;
	0.012% on next $3.5 billion and;
	0.010% over $7 billion
Value HLS Fund	0.014% on first $3.5 billion and;
	0.012% on next $3.5 billion and;
	0.010% over $7 billion

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.

c) Operating Expenses – Allocable expenses incurred by a Company are allocated to each series within such Company, and allocated to classes within each such series, in proportion to the average daily net assets of such series and classes, except where allocation of certain expenses is more fairly made directly to a Fund or to specific classes within a Fund.

d) 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 fiscal year ended December 31, 2017, 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		0.68	%		0.93	%		1.18	%
Disciplined Equity HLS Fund		0.78	%		1.03	%		—
Dividend and Growth HLS Fund		0.68	%		0.93	%		—
Global Growth HLS Fund		0.81	%		1.06	%		—
Growth Opportunities HLS Fund		0.66	%		0.91	%		1.16	%
Healthcare HLS Fund		0.89	%		1.14	%		—
High Yield HLS Fund		0.77	%		1.02	%		—
International Opportunities HLS Fund		0.73	%		0.98	%		—
MidCap HLS Fund		0.70	%		0.95	%		—
MidCap Value HLS Fund		0.86	%		1.11	%		—
Small Cap Growth HLS Fund		0.65	%		0.90	%		—
Small Company HLS Fund		0.77	%		1.02	%		—
Small/Mid Cap Equity HLS Fund		0.92	%		1.17	%		—
Stock HLS Fund		0.52	%		0.77	%		—
Total Return Bond HLS Fund		0.51	%		0.76	%		—
Ultrashort Bond HLS Fund		0.45	%		0.70	%		—
U.S. Government Securities HLS Fund		0.51	%		0.76	%		—
Value HLS Fund		0.80	%		1.05	%		—

245

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

e) 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. Each Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the respective Company’s Board of Directors may determine.

f) Administrative Services Fee for Class IC Shares – Certain Funds may pay an administrative services fee to third party insurance companies annually 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.

g) 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, 2017, a portion of each Company’s Chief Compliance Officer’s (“CCO”) 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 Statements of Operations, is outlined in the table below.

Fund	CCO Compensation Paid by Fund
Balanced HLS Fund	$	4,923
Capital Appreciation HLS Fund		10,835
Disciplined Equity HLS Fund		1,436
Dividend and Growth HLS Fund		7,393
Global Growth HLS Fund		1,011
Growth Opportunities HLS Fund		3,047
Healthcare HLS Fund		705
High Yield HLS Fund		660
International Opportunities HLS Fund		2,989
MidCap HLS Fund		4,265
MidCap Value HLS Fund		788
Small Cap Growth HLS Fund		2,720
Small Company HLS Fund		1,498
Small/Mid Cap Equity HLS Fund		209
Stock HLS Fund		3,137
Total Return Bond HLS Fund		5,162
Ultrashort Bond HLS Fund		1,187
U.S. Government Securities HLS Fund		898
Value HLS Fund		1,096

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. The costs and expenses of such delegation are borne by HASCO, not by the Funds. Each Fund pays HASCO a fixed fee annually, plus out of pocket expenses for providing such services. The accrued amount shown in the Statements of Operations reflects the amounts charged by HASCO. These fees are accrued daily and paid monthly.

246

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

For the fiscal year ended December 31, 2017, the effective rate of compensation paid to HASCO for transfer agency services on a gross and net basis as a percentage of each Class’s average daily net assets is as follows:

Fund	Class IA			Class IB			Class IC
Balanced HLS Fund		0.00	%*		0.00	%*		—
Capital Appreciation HLS Fund		0.00	%*		0.00	%*		0.00	%*
Disciplined Equity HLS Fund		0.00	%*		0.00	%*		—
Dividend and Growth HLS Fund		0.00	%*		0.00	%*		—
Global Growth HLS Fund		0.00	%*		0.00	%*		—
Growth Opportunities HLS Fund		0.00	%*		0.00	%*		0.00	%*
Healthcare HLS Fund		0.00	%*		0.00	%*		—
High Yield HLS Fund		0.00	%*		0.00	%*		—
International Opportunities HLS Fund		0.00	%*		0.00	%*		—
MidCap HLS Fund		0.00	%*		0.00	%*		—
MidCap Value HLS Fund		0.00	%*		0.00	%*		—
Small Cap Growth HLS Fund		0.00	%*		0.00	%*		—
Small Company HLS Fund		0.00	%*		0.00	%*		—
Small/Mid Cap Equity HLS Fund		0.01	%		0.01	%		—
Stock HLS Fund		0.00	%*		0.00	%*		—
Total Return Bond HLS Fund		0.00	%*		0.00	%*		—
Ultrashort Bond HLS Fund		0.00	%*		0.00	%*		—
U.S. Government Securities HLS Fund		0.00	%*		0.00	%*		—
Value HLS Fund		0.00	%*		0.00	%*		—

* Percentage rounds to zero.

8. Affiliate Holdings:

As of December 31, 2017, affiliates of The Hartford had ownership of shares in each Fund as follows:

Percentage of a Class:

Fund	Class IA		Class IB		Class IC
Balanced HLS Fund		—		—		—
Capital Appreciation HLS Fund		—		—		0.04	%
Disciplined Equity HLS Fund		—		—		—
Dividend and Growth HLS Fund		—		—		—
Global Growth HLS Fund		—		—		—
Growth Opportunities HLS Fund		—		—		0.04	%
Healthcare HLS Fund		—		—		—
High Yield HLS Fund		—		—		—
International Opportunities HLS Fund		—		—		—
MidCap HLS Fund		—		—		—
MidCap Value HLS Fund		—		—		—
Small Cap Growth HLS Fund		—		—		—
Small Company HLS Fund		—		—		—
Small/Mid Cap Equity HLS Fund		—		—		—
Stock HLS Fund		—		—		—
Total Return Bond HLS Fund		—		—		—
Ultrashort Bond HLS Fund		—		—		—
U.S. Government Securities HLS Fund		—		—		—
Value HLS Fund		—		—		—

247

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

Percentage of Fund by Class:

Fund	Class IA		Class IB		Class IC
Balanced HLS Fund		—		—		—
Capital Appreciation HLS Fund		—		—		0.00	%*
Disciplined Equity HLS Fund		—		—		—
Dividend and Growth HLS Fund		—		—		—
Global Growth HLS Fund		—		—		—
Growth Opportunities HLS Fund		—		—		0.00	%*
Healthcare HLS Fund		—		—		—
High Yield HLS Fund		—		—		—
International Opportunities HLS Fund		—		—		—
MidCap HLS Fund		—		—		—
MidCap Value HLS Fund		—		—		—
Small Cap Growth HLS Fund		—		—		—
Small Company HLS Fund		—		—		—
Small/Mid Cap Equity 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.

9. Investment Transactions:

For the year ended December 31, 2017, 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	$	529,592,234	$	643,522,627
Capital Appreciation HLS Fund		3,790,814,750		4,825,855,194
Disciplined Equity HLS Fund		203,418,014		306,542,431
Dividend and Growth HLS Fund		872,139,874		1,190,860,707
Global Growth HLS Fund		274,948,659		306,356,517
Growth Opportunities HLS Fund		1,414,501,977		1,586,863,920
Healthcare HLS Fund		59,310,123		77,507,515
High Yield HLS Fund		128,331,124		151,438,808
International Opportunities HLS Fund		1,305,598,984		1,246,913,352
MidCap HLS Fund		718,525,186		759,773,145
MidCap Value HLS Fund		119,060,423		168,054,747
Small Cap Growth HLS Fund		647,231,101		751,029,481
Small Company HLS Fund		761,753,654		1,221,919,316
Small/Mid Cap Equity HLS Fund		80,316,872		97,537,630
Stock HLS Fund		201,376,152		362,737,760
Total Return Bond HLS Fund		1,381,544,873		1,597,735,770
Ultrashort Bond HLS Fund		209,934,045		243,689,097
U.S. Government Securities HLS Fund		80,028,960		42,105,072
Value HLS Fund		70,405,420		139,936,102

248

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

Fund	Cost of Purchases For U.S. Government Obligations		Sales Proceeds For U.S. Government Obligations
Balanced HLS Fund	$	69,525,690	$	159,937,437
Capital Appreciation HLS Fund		—		—
Disciplined Equity HLS Fund		—		—
Dividend and 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 Cap Growth HLS Fund		—		—
Small Company HLS Fund		—		—
Small/Mid Cap Equity HLS Fund		—		—
Stock HLS Fund		—		—
Total Return Bond HLS Fund		717,166,834		551,707,493
Ultrashort Bond HLS Fund		119,470,507		144,284,181
U.S. Government Securities HLS Fund		390,221,946		410,383,324
Value HLS Fund		—		—

Fund	Total Cost of Purchases		Total Sales Proceeds
Balanced HLS Fund	$	599,117,924	$	803,460,064
Capital Appreciation HLS Fund		3,790,814,750		4,825,855,194
Disciplined Equity HLS Fund		203,418,014		306,542,431
Dividend and Growth HLS Fund		872,139,874		1,190,860,707
Global Growth HLS Fund		274,948,659		306,356,517
Growth Opportunities HLS Fund		1,414,501,977		1,586,863,920
Healthcare HLS Fund		59,310,123		77,507,515
High Yield HLS Fund		128,331,124		151,438,808
International Opportunities HLS Fund		1,305,598,984		1,246,913,352
MidCap HLS Fund		718,525,186		759,773,145
MidCap Value HLS Fund		119,060,423		168,054,747
Small Cap Growth HLS Fund		647,231,101		751,029,481
Small Company HLS Fund		761,753,654		1,221,919,316
Small/Mid Cap Equity HLS Fund		80,316,872		97,537,630
Stock HLS Fund		201,376,152		362,737,760
Total Return Bond HLS Fund		2,098,711,707		2,149,443,263
Ultrashort Bond HLS Fund		329,404,552		387,973,278
U.S. Government Securities HLS Fund		470,250,906		452,488,396
Value HLS Fund		70,405,420		139,936,102

249

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

10. Capital Share Transactions:

The following information is for the year ended December 31, 2017, and the year ended December 31, 2016:

Balanced HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		806,404		$	24,243,642			432,134		$	11,762,594
Shares Issued for Reinvested Dividends		1,550,612			47,464,119			2,066,809			57,374,388
Shares Redeemed		(9,237,441	)		(271,385,497	)		(11,127,409	)		(301,710,149	)
Net Increase (Decrease)		(6,880,425	)		(199,677,736	)		(8,628,466	)		(232,573,167	)
Class IB
Shares Sold		98,155		$	2,948,319			183,197		$	4,893,695
Shares Issued for Reinvested Dividends		178,485			5,534,060			247,482			6,967,476
Shares Redeemed		(1,359,464	)		(40,387,458	)		(1,673,760	)		(46,010,455	)
Net Increase (Decrease)		(1,082,824	)		(31,905,079	)		(1,243,081	)		(34,149,284	)
Total Net Increase (Decrease)		(7,963,249	)	$	(231,582,815	)		(9,871,547	)	$	(266,722,451	)
Capital Appreciation HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		1,520,224		$	69,676,765			1,890,996		$	80,924,245
Shares Issued for Reinvested Dividends		5,849,271			280,000,593			12,769,224			530,174,730
Shares Redeemed		(23,141,724	)		(1,078,423,340	)		(34,600,429	)		(1,476,715,307	)
Net Increase (Decrease)		(15,772,229	)		(728,745,982	)		(19,940,209	)		(865,616,332	)
Class IB
Shares Sold		111,613		$	5,150,495			115,545		$	4,798,062
Shares Issued for Reinvested Dividends		742,165			35,014,412			1,471,280			60,184,340
Shares Redeemed		(2,304,465	)		(105,783,037	)		(2,744,732	)		(115,383,323	)
Net Increase (Decrease)		(1,450,687	)		(65,618,130	)		(1,157,907	)		(50,400,921	)
Class IC
Shares Sold		127,654		$	5,935,733			155,349		$	6,572,808
Shares Issued for Reinvested Dividends		36,298			1,722,982			50,492			2,075,655
Shares Redeemed		(53,091	)		(2,473,932	)		(55,844	)		(2,347,703	)
Net Increase (Decrease)		110,861			5,184,783			149,997			6,300,760
Total Net Increase (Decrease)		(17,112,055	)	$	(789,179,329	)		(20,948,119	)	$	(909,716,493	)

250

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

Disciplined Equity HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		283,728		$	4,383,156			1,162,708		$	17,069,443
Shares Issued for Reinvested Dividends		4,779,020			69,277,938			5,685,375			81,089,435
Shares Redeemed		(6,394,841	)		(97,244,218	)		(7,445,491	)		(111,694,506	)
Net Increase (Decrease)		(1,332,093	)		(23,583,124	)		(597,408	)		(13,535,628	)
Class IB
Shares Sold		144,937		$	2,190,277			244,068		$	3,630,073
Shares Issued for Reinvested Dividends		660,646			9,451,480			798,826			11,270,736
Shares Redeemed		(1,017,854	)		(15,281,872	)		(1,248,004	)		(18,586,945	)
Net Increase (Decrease)		(212,271	)		(3,640,115	)		(205,110	)		(3,686,136	)
Total Net Increase (Decrease)		(1,544,364	)	$	(27,223,239	)		(802,518	)	$	(17,221,764	)
Dividend and Growth HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		4,155,891		$	95,954,389			5,495,742		$	123,287,564
Shares Issued for Reinvested Dividends		11,597,227			261,460,717			17,932,886			380,223,306
Shares Redeemed		(19,421,429	)		(451,326,930	)		(22,492,815	)		(495,062,146	)
Net Increase (Decrease)		(3,668,311	)		(93,911,824	)		935,813			8,448,724
Class IB
Shares Sold		375,911		$	8,685,861			499,749		$	10,925,264
Shares Issued for Reinvested Dividends		1,593,174			35,652,495			2,654,218			55,923,091
Shares Redeemed		(3,425,042	)		(79,084,752	)		(3,669,262	)		(80,212,091	)
Net Increase (Decrease)		(1,455,957	)		(34,746,396	)		(515,295	)		(13,363,736	)
Total Net Increase (Decrease)		(5,124,268	)	$	(128,658,220	)		420,518		$	(4,915,012	)
Global Growth HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		1,167,362		$	30,260,457			543,460		$	12,675,555
Shares Issued for Reinvested Dividends		811,179			20,798,629			1,805,742			40,737,536
Shares Redeemed		(2,159,005	)		(55,663,972	)		(2,745,818	)		(63,750,555	)
Net Increase (Decrease)		(180,464	)		(4,604,886	)		(396,616	)		(10,337,464	)
Class IB
Shares Sold		205,454		$	5,206,011			181,152		$	4,134,958
Shares Issued for Reinvested Dividends		156,643			3,981,856			384,926			8,614,648
Shares Redeemed		(611,170	)		(15,562,567	)		(848,234	)		(19,479,718	)
Net Increase (Decrease)		(249,073	)		(6,374,700	)		(282,156	)		(6,730,112	)
Total Net Increase (Decrease)		(429,537	)	$	(10,979,586	)		(678,772	)	$	(17,067,576	)

251

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

Growth Opportunities HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		1,055,813		$	35,715,356			4,317,826		$	143,218,022
Shares Issued for Reinvested Dividends		456,670			16,106,761			5,633,211			174,516,879
Shares Redeemed		(5,385,187	)		(187,447,545	)		(5,899,305	)		(190,123,880	)
Net Increase (Decrease)		(3,872,704	)		(135,625,428	)		4,051,732			127,611,021
Class IB
Shares Sold		226,887		$	7,648,732			288,529		$	9,169,198
Shares Issued for Reinvested Dividends		55,466			1,881,415			686,184			20,503,187
Shares Redeemed		(837,366	)		(27,997,475	)		(1,066,677	)		(33,338,544	)
Net Increase (Decrease)		(555,013	)		(18,467,328	)		(91,964	)		(3,666,159	)
Class IC
Shares Sold		104,552		$	3,540,640			254,301		$	8,077,525
Shares Issued for Reinvested Dividends		11,639			403,653			119,944			3,672,657
Shares Redeemed		(81,843	)		(2,819,857	)		(99,012	)		(3,177,329	)
Net Increase (Decrease)		34,348			1,124,436			275,233			8,572,853
Total Net Increase (Decrease)		(4,393,369	)	$	(152,968,320	)		4,235,001		$	132,517,715
Healthcare HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		1,841,982		$	44,835,798			1,315,220		$	34,964,722
Shares Issued for Reinvested Dividends		1,933,544			42,557,293			2,918,070			64,430,977
Shares Redeemed		(2,322,554	)		(54,827,732	)		(4,642,420	)		(118,901,866	)
Net Increase (Decrease)		1,452,972			32,565,359			(409,130	)		(19,506,167	)
Class IB
Shares Sold		129,384		$	2,994,650			177,850		$	4,516,085
Shares Issued for Reinvested Dividends		343,098			7,184,474			552,534			11,719,246
Shares Redeemed		(517,395	)		(11,565,478	)		(720,634	)		(17,478,196	)
Net Increase (Decrease)		(44,913	)		(1,386,354	)		9,750			(1,242,865	)
Total Net Increase (Decrease)		1,408,059		$	31,179,005			(399,380	)	$	(20,749,032	)
High Yield HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		1,551,820		$	12,802,783			2,932,807		$	23,188,946
Shares Issued for Reinvested Dividends		1,763,487			14,107,895			1,967,008			15,598,376
Shares Redeemed		(5,352,490	)		(44,291,170	)		(8,071,995	)		(63,756,161	)
Net Increase (Decrease)		(2,037,183	)		(17,380,492	)		(3,172,180	)		(24,968,839	)

252

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

High Yield HLS Fund – (continued)
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IB
Shares Sold		398,161		$	3,249,143			922,611		$	7,179,450
Shares Issued for Reinvested Dividends		551,458			4,345,488			585,759			4,574,775
Shares Redeemed		(1,811,097	)		(14,711,242	)		(2,149,503	)		(16,659,640	)
Net Increase (Decrease)		(861,478	)		(7,116,611	)		(641,133	)		(4,905,415	)
Total Net Increase (Decrease)		(2,898,661	)	$	(24,497,103	)		(3,813,313	)	$	(29,874,254	)
International Opportunities HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		14,013,729		$	228,923,920			7,789,062		$	108,119,671
Shares Issued for Reinvested Dividends		1,165,749			19,083,304			1,261,253			17,922,412
Shares Redeemed		(10,831,010	)		(174,609,123	)		(12,946,295	)		(179,842,398	)
Net Increase (Decrease)		4,348,468			73,398,101			(3,895,980	)		(53,800,315	)
Class IB
Shares Sold		595,017		$	9,615,544			744,796		$	10,264,574
Shares Issued for Reinvested Dividends		109,962			1,824,269			139,856			2,012,534
Shares Redeemed		(1,810,973	)		(29,172,721	)		(2,536,882	)		(35,348,893	)
Net Increase (Decrease)		(1,105,994	)		(17,732,908	)		(1,652,230	)		(23,071,785	)
Total Net Increase (Decrease)		3,242,474		$	55,665,193			(5,548,210	)	$	(76,872,100	)
MidCap HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		9,676,572		$	363,623,668			4,162,036		$	140,508,393
Shares Issued for Reinvested Dividends		2,534,154			94,658,888			5,366,836			173,178,978
Shares Redeemed		(9,315,330	)		(349,644,474	)		(7,604,846	)		(252,673,800	)
Net Increase (Decrease)		2,895,396			108,638,082			1,924,026			61,013,571
Class IB
Shares Sold		203,031		$	7,530,954			208,879		$	6,848,448
Shares Issued for Reinvested Dividends		139,137			5,084,893			305,433			9,648,632
Shares Redeemed		(1,660,894	)		(64,348,851	)		(846,524	)		(27,738,828	)
Net Increase (Decrease)		(1,318,726	)		(51,733,004	)		(332,212	)		(11,241,748	)
Total Net Increase (Decrease)		1,576,670		$	56,905,078			1,591,814		$	49,771,823

253

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

MidCap Value HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		474,578		$	5,861,095			389,348		$	4,658,326
Shares Issued for Reinvested Dividends		1,786,186			20,308,940			3,439,721			38,903,246
Shares Redeemed		(3,597,010	)		(44,123,512	)		(3,280,710	)		(39,074,053	)
Net Increase (Decrease)		(1,336,246	)		(17,953,477	)		548,359			4,487,519
Class IB
Shares Sold		91,141		$	1,113,838			185,352		$	2,186,176
Shares Issued for Reinvested Dividends		534,256			6,031,748			1,064,482			11,964,774
Shares Redeemed		(1,189,202	)		(14,470,579	)		(1,207,760	)		(14,245,410	)
Net Increase (Decrease)		(563,805	)		(7,324,993	)		42,074			(94,460	)
Total Net Increase (Decrease)		(1,900,051	)	$	(25,278,470	)		590,433		$	4,393,059
Small Cap Growth HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		5,723,808		$	165,058,843			6,146,285		$	150,379,245
Shares Issued for Reinvested Dividends		13,629			391,968			1,433,174			36,230,638
Shares Redeemed		(12,168,321	)		(365,607,978	)		(7,881,231	)		(192,825,988	)
Net Increase (Decrease)		(6,430,884	)		(200,157,167	)		(301,772	)		(6,216,105	)
Class IB
Shares Sold		5,928,739		$	176,762,856			1,573,648		$	37,425,555
Shares Issued for Reinvested Dividends		—			—			388,274			9,586,481
Shares Redeemed		(2,636,397	)		(76,228,471	)		(1,899,579	)		(45,456,649	)
Net Increase (Decrease)		3,292,342			100,534,385			62,343			1,555,387
Total Net Increase (Decrease)		(3,138,542	)	$	(99,622,782	)		(239,429	)	$	(4,660,718	)
Small Company HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		1,793,489		$	32,075,623			4,320,930		$	69,407,503
Shares Issued for Reinvested Dividends		—			—			5,503,709			87,123,722
Shares Redeemed		(26,402,292	)		(469,703,430	)		(22,041,377	)		(349,251,002	)
Net Increase (Decrease)		(24,608,803	)		(437,627,807	)		(12,216,738	)		(192,719,777	)

254

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

Small Company HLS Fund – (continued)
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IB
Shares Sold		223,321		$	3,768,830			955,330		$	14,441,775
Shares Issued for Reinvested Dividends		—			—			615,478			9,078,306
Shares Redeemed		(2,064,656	)		(34,359,403	)		(2,695,510	)		(40,659,316	)
Net Increase (Decrease)		(1,841,335	)		(30,590,573	)		(1,124,702	)		(17,139,235	)
Total Net Increase (Decrease)		(26,450,138	)	$	(468,218,380	)		(13,341,440	)	$	(209,859,012	)
Small/Mid Cap Equity HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		546,142		$	4,524,831			1,366,914		$	10,705,912
Shares Issued for Reinvested Dividends		415,135			3,287,870			781,330			5,789,652
Shares Redeemed		(2,330,941	)		(19,299,802	)		(1,886,188	)		(13,863,228	)
Net Increase (Decrease)		(1,369,664	)		(11,487,101	)		262,056			2,632,336
Class IB
Shares Sold		206,491		$	1,703,656			424,789		$	3,209,670
Shares Issued for Reinvested Dividends		69,948			550,492			147,003			1,083,417
Shares Redeemed		(724,359	)		(5,954,090	)		(658,111	)		(4,818,908	)
Net Increase (Decrease)		(447,920	)		(3,699,942	)		(86,319	)		(525,821	)
Total Net Increase (Decrease)		(1,817,584	)	$	(15,187,043	)		175,737		$	2,106,515
Stock HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		82,347		$	6,102,812			199,184		$	13,343,315
Shares Issued for Reinvested Dividends		299,255			23,707,000			356,943			24,394,377
Shares Redeemed		(2,491,889	)		(184,342,341	)		(2,794,292	)		(184,659,241	)
Net Increase (Decrease)		(2,110,287	)		(154,532,529	)		(2,238,165	)		(146,921,549	)
Class IB
Shares Sold		24,541		$	1,800,010			59,518		$	3,936,449
Shares Issued for Reinvested Dividends		26,673			2,111,519			32,802			2,241,103
Shares Redeemed		(326,619	)		(24,082,015	)		(446,429	)		(29,469,033	)
Net Increase (Decrease)		(275,405	)		(20,170,486	)		(354,109	)		(23,291,481	)
Total Net Increase (Decrease)		(2,385,692	)	$	(174,703,015	)		(2,592,274	)	$	(170,213,030	)

255

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

Total Return Bond HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		10,804,579		$	121,912,379			8,946,264		$	100,688,213
Shares Issued for Reinvested Dividends		5,703,212			64,104,099			5,995,954			67,994,124
Shares Redeemed		(28,263,945	)		(319,063,315	)		(36,538,628	)		(410,475,319	)
Net Increase (Decrease)		(11,756,154	)		(133,046,837	)		(21,596,410	)		(241,792,982	)
Class IB
Shares Sold		1,007,204		$	11,336,689			711,513		$	7,976,767
Shares Issued for Reinvested Dividends		611,268			6,840,084			663,479			7,484,042
Shares Redeemed		(3,290,538	)		(36,973,156	)		(4,748,050	)		(53,039,383	)
Net Increase (Decrease)		(1,672,066	)		(18,796,383	)		(3,373,058	)		(37,578,574	)
Total Net Increase (Decrease)		(13,428,220	)	$	(151,843,220	)		(24,969,468	)	$	(279,371,556	)
Ultrashort Bond HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		3,269,464		$	32,898,341			3,997,140		$	40,076,556
Shares Issued for Reinvested Dividends		385,163			3,863,181			254,655			2,551,645
Shares Redeemed		(10,954,529	)		(110,225,740	)		(12,302,990	)		(123,344,159	)
Net Increase (Decrease)		(7,299,902	)		(73,464,218	)		(8,051,195	)		(80,715,958	)
Class IB
Shares Sold		766,654		$	7,701,575			1,092,356		$	10,920,951
Shares Issued for Reinvested Dividends		35,217			353,222			12,039			120,504
Shares Redeemed		(2,138,208	)		(21,476,321	)		(2,982,859	)		(29,834,147	)
Net Increase (Decrease)		(1,336,337	)		(13,421,524	)		(1,878,464	)		(18,792,692	)
Total Net Increase (Decrease)		(8,636,239	)	$	(86,885,742	)		(9,929,659	)	$	(99,508,650	)
U.S. Government Securities HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		2,103,061		$	21,772,509			4,083,858		$	42,855,959
Shares Issued for Reinvested Dividends		729,790			7,516,833			722,114			7,582,207
Shares Redeemed		(6,323,266	)		(65,421,205	)		(8,875,818	)		(93,215,231	)
Net Increase (Decrease)		(3,490,415	)		(36,131,863	)		(4,069,846	)		(42,777,065	)
Class IB
Shares Sold		351,226		$	3,626,856			855,371		$	8,957,933
Shares Issued for Reinvested Dividends		135,593			1,395,250			137,967			1,447,269
Shares Redeemed		(1,335,009	)		(13,785,552	)		(1,996,389	)		(20,941,029	)
Net Increase (Decrease)		(848,190	)		(8,763,446	)		(1,003,051	)		(10,535,827	)
Total Net Increase (Decrease)		(4,338,605	)	$	(44,895,309	)		(5,072,897	)	$	(53,312,892	)

256

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

Value HLS Fund
	For the Year Ended December 31, 2017						For the Year Ended December 31, 2016
	Shares			Amount			Shares			Amount
Class IA
Shares Sold		695,794		$	10,990,889			776,955		$	11,933,096
Shares Issued for Reinvested Dividends		2,611,798			39,184,876			4,222,098			62,687,087
Shares Redeemed		(4,444,508	)		(70,230,330	)		(5,017,607	)		(77,099,704	)
Net Increase (Decrease)		(1,136,916	)		(20,054,565	)		(18,554	)		(2,479,521	)
Class IB
Shares Sold		75,796		$	1,195,727			189,127		$	2,861,768
Shares Issued for Reinvested Dividends		435,092			6,498,111			724,814			10,726,703
Shares Redeemed		(886,742	)		(13,949,988	)		(955,721	)		(14,771,674	)
Net Increase (Decrease)		(375,854	)		(6,256,150	)		(41,780	)		(1,183,203	)
Total Net Increase (Decrease)		(1,512,770	)	$	(26,310,715	)		(60,334	)	$	(3,662,724	)

11. Line of Credit:

Each Fund participates in a committed line of credit pursuant to a credit agreement. Each Fund may borrow under the line of credit for temporary or emergency purposes. The Funds (together with certain other Hartford Funds) may borrow up to $375 million in the aggregate, subject to asset coverage and other limitations specified in the credit agreement. The interest rate on borrowings varies depending on the nature of the loan. The facility also charges a commitment fee, which is allocated to each of the funds participating in the line of credit based on average net assets of the funds. During the year ended December 31, 2017, none of the Funds had borrowings under this facility.

12. 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, among other things, added as new plaintiffs The Hartford Floating Rate Fund and The Hartford Small Company Fund and named as a defendant Hartford Funds Management Company, LLC (“HFMC”), which assumed the role as investment manager to the funds as of January 2013. In June 2015, HFMC and HIFSCO moved for summary judgment, and plaintiffs cross-moved for partial summary judgment with respect to The Hartford Capital Appreciation Fund. In March 2016, the court, in large part, denied summary judgment for all parties. The court granted judgment for HFMC and HIFSCO with respect to all claims made by The Hartford Small Company Fund and certain claims made by The Hartford Floating Rate Fund. The court further ruled that the appropriate measure of damages on the surviving claims is the difference, if any, between the actual advisory fees paid through trial and those that could have been paid under the

257

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2017

applicable legal standard. A bench trial on the issue of liability was held in November 2016. On February 28, 2017, the court granted judgment for HIFSCO and HFMC as to all claims. On March 23, 2017, plaintiffs appealed to the United States Court of Appeals for the Third Circuit.

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.

13. 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.

14. 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.

15. Subsequent Events:

At its meeting held on August 2, 2017, the Board of Directors of Hartford Series Fund, Inc. (“Board of Directors”) approved an extension of the current 0.03% management fee waiver for Balanced HLS Fund, effective January 1, 2018 through December 31, 2018. In addition, the Board of Directors approved a reduction in Value HLS Fund’s contractual management fee rate. Effective January 1, 2018, Value HLS Fund’s revised management fee schedule will be as follows: 0.6900% of the first $250 million, 0.6425% of the next $250 million, 0.6325% of the next $500 million, 0.6250% of the next $1.5 billion, 0.6200% of the next $2.5 billion, 0.6150% of the next $5 billion, and 0.6100% in excess of $10 billion annually of the Value HLS Fund’s average daily net assets.

On January 1, 2018, the name of the Funds’ sub-transfer agent changed from Boston Financial Data Services, Inc. to DST Asset Manager Solutions, Inc.

258

Report of Independent Registered Public Accounting Firm

The Shareholders and Board of Directors of

Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. (the “Companies”) (Hartford Series Fund, Inc. comprising 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 Hartford Growth Opportunities HLS Fund, Hartford Small/Mid Cap Equity HLS Fund, Hartford Small Cap Growth HLS Fund, and Hartford U.S. Government Securities HLS Fund (collectively referred to as the “Funds”)), including the schedules of investments, as of December 31, 2017, 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, the financial highlights for each of the five years in the period then ended and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds comprising the Companies at December 31, 2017, 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 their financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Companies’ management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Companies in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Companies are not required to have, nor were we engaged to perform, audits of the Companies’ internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, 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.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2017, by correspondence with the custodian and others or by other appropriate auditing procedures where replies from others were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

We have served as the auditor of one or more Hartford investment companies since 2002.

Philadelphia, Pennsylvania

February 20, 2018

259

Hartford HLS Funds

Directors and Officers of the Companies

Each of Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. (each a, “Company” and collectively, the “Companies”) is governed by a Board of Directors (the “Directors”). The following tables present certain information regarding the Directors and officers of the Companies. For more information regarding the Directors and officers, please refer to the Statement of Additional Information, which is available, without charge, upon request by calling 1-888-843-7824.

NAME, YEAR OF BIRTH AND ADDRESS(1)	POSITION HELD WITH THE COMPANIES	TERM OF OFFICE(2) AND LENGTH OF TIME SERVED	PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS	NUMBER OF PORTFOLIOS IN FUND COMPLEX(3) OVERSEEN BY DIRECTOR	OTHER DIRECTORSHIPS FOR PUBLIC COMPANIES AND OTHER REGISTERED INVESTMENT COMPANIES HELD BY DIRECTOR
NON-INTERESTED DIRECTORS
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. Ms. Ackermann has served as a Director of Dynegy, Inc. (an independent power company) from October 2012 to present and as a Director of Credit Suisse Holdings (USA), Inc. from January 2017 to present.	89	Ms. Ackermann serves as a Director of Dynegy, Inc. (a power company) (October 2012 to present) and as a Director of Credit Suisse Holdings (USA), Inc. from January 2017 to present.
ROBIN C. BEERY (1967)	Director	Since 2017	Ms. Beery has served as a Consultant of Arrowpoint Partners (an alternative asset manager) since March 2015. Previously, she was Executive Vice President, Head of Distribution, for Janus Capital Group, and Chief Executive Officer and President of the Janus Mutual Funds (a global asset manager) from September 2009 to August 2014.	89	Ms. Beery serves as a Director of UMB Financial Corporation (January 2015 to present).

260

Hartford HLS Funds

Directors and Officers of the Companies – (continued)

NAME, YEAR OF BIRTH AND ADDRESS(1)	POSITION HELD WITH THE COMPANIES	TERM OF OFFICE(2) AND LENGTH OF TIME SERVED	PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS	NUMBER OF PORTFOLIOS IN FUND COMPLEX(3) OVERSEEN BY DIRECTOR	OTHER DIRECTORSHIPS FOR PUBLIC COMPANIES AND OTHER REGISTERED INVESTMENT COMPANIES HELD BY DIRECTOR
LYNN S. BIRDSONG (1946)	Director	Since 2003	Mr. Birdsong currently serves as a Director of Aberdeen Global and Aberdeen Global II (investment funds) (September 2014 to present) and Aberdeen Islamic SICAV and Aberdeen Liquidity Fund (investment funds) (2016 to present). Mr. Birdsong served as an Independent Director of Nomura Partners Funds, Inc. (formerly, The Japan Fund) (April 2003 to February 2015) and as a Director of the Sovereign High Yield Investment Company (April 2010 to June 2014). 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.	89	None
CHRISTINE R. DETRICK (1958)	Director	Since 2016	Ms. Detrick has served as a Director of Reinsurance Group of America since January 2014 and Forest City Realty Trust (a real estate company) since November 2014. Previously, she was a Director of Forethought Financial Group, Inc. (a financial services company) from January 2012 to January 2014 and a Senior Partner/ Advisor at Bain & Company (a management consulting firm) from September 2002 to December 2012.	89	Ms. Detrick serves as a Director of Reinsurance Group of America (January 2014 to present) and Forest City Realty Trust (a real estate company) (November 2014 to present).
DUANE E. HILL (1945)	Director	Since 2001(4) Since 2002(5)	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.	89	None

261

Hartford HLS Funds

Directors and Officers of the Companies – (continued)

NAME, YEAR OF BIRTH AND ADDRESS(1)	POSITION HELD WITH THE COMPANIES	TERM OF OFFICE(2) AND LENGTH OF TIME SERVED	PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS	NUMBER OF PORTFOLIOS IN FUND COMPLEX(3) OVERSEEN BY DIRECTOR	OTHER DIRECTORSHIPS FOR PUBLIC COMPANIES AND OTHER REGISTERED INVESTMENT COMPANIES HELD BY DIRECTOR
WILLIAM P. JOHNSTON (1944)	Director and Chairman of the Board	Director since 2005 and Chairman of the Board since 2015	In June 2006, Mr. Johnston 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.	89	None

262

Hartford HLS Funds

Directors and Officers of the Companies – (continued)

NAME, YEAR OF BIRTH AND ADDRESS(1)	POSITION HELD WITH THE COMPANIES	TERM OF OFFICE(2) AND LENGTH OF TIME SERVED	PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS	NUMBER OF PORTFOLIOS IN FUND COMPLEX(3) OVERSEEN BY DIRECTOR	OTHER DIRECTORSHIPS FOR PUBLIC COMPANIES AND OTHER REGISTERED INVESTMENT COMPANIES HELD BY DIRECTOR
PHILLIP O. PETERSON (1944)	Director	Since 2002(4) Since 2000(5)	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.	89	Mr. Peterson is a Trustee of the William Blair Funds (February 2007 to current) (22 funds overseen).
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 the 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.	89	None

263

Hartford HLS Funds

Directors and Officers of the Companies – (continued)

NAME, YEAR OF BIRTH AND ADDRESS(1)	POSITION HELD WITH THE COMPANIES	TERM OF OFFICE(2) AND LENGTH OF TIME SERVED	PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS	NUMBER OF PORTFOLIOS IN FUND COMPLEX(3) OVERSEEN BY DIRECTOR	OTHER DIRECTORSHIPS FOR PUBLIC COMPANIES AND OTHER REGISTERED INVESTMENT COMPANIES HELD BY DIRECTOR
DAVID SUNG (1953)	Director	Since 2017	Mr. Sung has served as a Director of Nippon Wealth Bank since April 2015 and CITIC-Prudential Fund Management Company, Inc. since January 2016. Mr. Sung is a Director of four private investment pools. Previously, he was a Partner at Ernst & Young LLP from October 1995 to July 2014.	89	Mr. Sung serves as a Trustee of Ironwood Institutional Multi-Strategy Fund, LLC and Ironwood Multi-Strategy Fund, LLC (October 2015 to present) (2 portfolios).
OFFICERS AND INTERESTED DIRECTORS
JAMES E. DAVEY(6) (1964)	Director, President and Chief Executive Officer	President and Chief Executive Officer since 2010; Director since 2012	Mr. Davey serves as Executive Vice President of The Hartford Financial Services Group, Inc. 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 President, 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 also serves as Chairman of the Board, President and Manager of Lattice Strategies LLC effective July 30, 2016. 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.	89	N/A

264

Hartford HLS Funds

Directors and Officers of the Companies – (continued)

NAME, YEAR OF BIRTH AND ADDRESS(1)	POSITION HELD WITH THE COMPANIES	TERM OF OFFICE(2) AND LENGTH OF TIME SERVED	PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS	NUMBER OF PORTFOLIOS IN FUND COMPLEX(3) OVERSEEN BY DIRECTOR	OTHER DIRECTORSHIPS FOR PUBLIC COMPANIES AND OTHER REGISTERED INVESTMENT COMPANIES HELD BY DIRECTOR
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.	N/A	N/A
WALTER F. GARGER (1965)	Vice President and Chief Legal Officer	Since 2016	Mr. Garger currently serves as Secretary, Managing Director and General Counsel of HFD, HASCO, HFMC and HFMG. Mr. Garger also serves as Secretary and General Counsel of Lattice Strategies LLC effective July 30, 2016. Mr. Garger has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Garger joined The Hartford in 1995.	N/A	N/A
ALBERT Y. LEE (1979)	Vice President and Assistant Treasurer	Since 2017	Mr. Lee serves as Head of Systemic Strategies and ETF Operations and Senior Vice President at Hartford Funds Management Group, Inc. (“HFMG”) since 2016. Mr. Lee also serves as Senior Vice President of Lattice Strategies LLC since 2017 and served as Managing Director & Chief Operating Officer, Lattice Strategies LLC (2009-2016); Chief Operating Officer, Avicenna Capital Management (2007-2009); Chief Financial Officer, Steeple Capital LP (2005-2007).	N/A	N/A
THEODORE J. LUCAS (1966)	Vice President	Since 2017	Mr. Lucas serves as Executive Vice President of HFMG since 2016 and as Executive Vice President of Lattice Strategies LLC since 2017. Mr. Lucas served as Managing Partner, Lattice Strategies LLC (2003 to 2016).	N/A	N/A

265

Hartford HLS Funds

Directors and Officers of the Companies – (continued)

NAME, YEAR OF BIRTH AND ADDRESS(1)	POSITION HELD WITH THE COMPANIES	TERM OF OFFICE(2) AND LENGTH OF TIME SERVED	PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS	NUMBER OF PORTFOLIOS IN FUND COMPLEX(3) OVERSEEN BY DIRECTOR	OTHER DIRECTORSHIPS FOR PUBLIC COMPANIES AND OTHER REGISTERED INVESTMENT COMPANIES HELD BY DIRECTOR
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, Lattice Strategies, LLC and the Hartford Funds Exchange-Traded Trust. 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.	N/A	N/A
VERNON J. MEYER (1964)	Vice President	Since 2006	Mr. Meyer currently serves as Senior Vice President of Hartford Life Insurance Company (“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.	N/A	N/A
ALICE A. PELLEGRINO (1960)	Vice President	Since 2016	Ms. Pellegrino currently serves as Vice President of HLIC and HFMG. Ms. Pellegrino is a Senior Counsel and has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Pellegrino joined The Hartford in 2007.	N/A	N/A

266

Hartford HLS Funds

Directors and Officers of the Companies – (continued)

NAME, YEAR OF BIRTH AND ADDRESS(1)	POSITION HELD WITH THE COMPANIES	TERM OF OFFICE(2) AND LENGTH OF TIME SERVED	PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS	NUMBER OF PORTFOLIOS IN FUND COMPLEX(3) OVERSEEN BY DIRECTOR	OTHER DIRECTORSHIPS FOR PUBLIC COMPANIES AND OTHER REGISTERED INVESTMENT COMPANIES HELD BY DIRECTOR
THOMAS R. PHILLIPS (1960)	Vice President and Secretary	Since 2017	Mr. Phillips currently serves as Vice President and Senior Counsel for HFMG. Prior to joining HFMG in 2017, Mr. Phillips was a Director and Chief Legal Officer of Saturna Capital Corporation from 2014–2016. Prior to that Mr. Phillips was a Partner and Deputy General Counsel of Lord, Abbett & Co. LLC.	N/A	N/A
LAURA S. QUADE(7) (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.	N/A	N/A

⁽¹⁾  The address for each officer and Director is c/o Hartford Funds 690 Lee Road, Wayne, PA 19087.

⁽²⁾  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 officer shall serve until his or her successor is elected and qualifies.

⁽³⁾  The portfolios of the “Fund Complex” are series of The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., Hartford HLS Series Fund II, Inc., Hartford Funds Master Fund, Lattice Strategies Trust, Hartford Funds Exchange-Traded Trust, and Hartford Funds NextShares Trust. Information presented is as of December 31, 2017.

⁽⁴⁾  For Hartford Series Fund, Inc.

⁽⁵⁾  For Hartford HLS Series Fund II, Inc.

⁽⁶⁾  “Interested person,” as defined in the 1940 Act, of each Company because of the person’s affiliation with, or equity ownership of, HFMC, HFD or affiliated companies.

⁽⁷⁾  Effective February 2018, Ms. Quade became the Treasurer of each Company.

267

Hartford HLS Funds

General Information (Unaudited)

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.

268

Hartford HLS Fund

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 Cap Growth HLS Fund

Hartford Small Company HLS Fund

Hartford Small/Mid Cap Equity 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 their meeting held on August 1-2, 2017, 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 (i) the continuation of an investment management agreement (the “Management Agreement”) by and between HLS, HLS II, on behalf of each of their respective funds listed above (each a “Fund” and collectively, the “Funds”), and Hartford Funds Management Company, LLC (“HFMC”); and (ii) new investment sub-advisory agreements (each, a “Sub-Advisory Agreement” and collectively with the Management Agreement, the “Agreements”) between HFMC and each Fund’s sub-adviser, Wellington Management Company LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) on behalf of each of HLS and HLS II, as applicable.

In the months preceding the August 1-2, 2017 meeting, the Board requested and reviewed written responses from the Advisers to questions posed to the Advisers 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, as applicable, with respect 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 approval of the Agreements that was presented at the Board’s meetings held on June 20-21, 2017 and August 1-2, 2017. Information provided to the Board at its meetings throughout the year included, among other things, reports on Fund performance, legal, compliance and risk management matters, sales and marketing activity, shareholder services, and the other services provided to each Fund by the Advisers and their affiliates. The Board also considered the materials and in-person presentations by Fund officers and representatives of HFMC received at the Board’s meetings on June 20-21, 2017 and August 1-2, 2017 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, as applicable. Broadridge Financial Solutions, Inc. (“Broadridge”), 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 Management Agreement.

In determining whether to approve the Agreements for a Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate 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

269

Hartford HLS Fund

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

to approve the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the approval of the Agreements. The Board was also furnished with an analysis of its fiduciary obligations in connection with its evaluation of the Agreements and, throughout the evaluation process, the Board was assisted by counsel for the Funds. The Independent Directors were also separately assisted by independent legal counsel. A more detailed summary of the important, but not necessarily all, 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 also 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 about each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and compliance issues raised by regulators, as well as each Adviser’s commitment to implement rulemaking initiatives of the U.S. Securities and Exchange Commission. 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, as well as the efforts of the Advisers to combat cybersecurity risks and invest in business continuity planning.

With respect to HFMC, the Board noted that, under the Management Agreement, HFMC is responsible for the management of the Funds, including oversight of fund operations and service providers, and the provision of administrative and 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’ 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 periodic due diligence reviews of the Sub-adviser and ongoing oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades and other trading operations 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 day-to-day oversight of each Fund’s compliance with its 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. Moreover, the Board considered HFMC’s oversight of potential conflicts of interest between the Funds’ investments and those of other funds or accounts managed by the Funds’ portfolio management personnel.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford Funds product line-up. The Board considered that HFMC is responsible for providing the Funds’ officers. The Board also noted that Hartford Life Insurance Company (“HLIC”), an affiliate of HFMC, 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, subject to oversight by HFMC, the Board considered, among other things, the quality of each Fund’s portfolio manager(s), the Sub-adviser’s other investment personnel, its investment philosophy and process, its investment research capabilities and resources, its performance record, its trade execution capabilities and its 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

270

Hartford HLS Fund

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

considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Broadridge comparing the investment performance of each Fund to an appropriate universe of peer funds. For details 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, including in connection with the approval of the Agreements. These reports include, among other things, information on each Fund’s gross returns and net returns, the Fund’s investment performance relative to an appropriate benchmark and peer group (if available), 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 and specifically with respect to the approval of the Agreements. 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, including information regarding profitability trends over time. The Board also requested and received information relating to the operations and profitability of the Sub-adviser. 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 and that the sub-advisory fees would be paid by HFMC and not the Funds. Accordingly, the Board concluded that the profitability of the Sub-adviser is a less relevant factor with respect to the Board’s consideration of the Sub-Advisory Agreements.

The Board considered the Consultant’s review of the methodologies and estimates used by HFMC in calculating profitability in connection with the continuation of the Management Agreement, noting the Consultant’s view that HFMC’s process for calculating and reporting Fund profitability is reasonable and consistent with the process previously reviewed by the Consultant. 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 consistent with 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 the comparative information that had been provided at meetings on June 20-21, 2017 and August 1-2, 2017 with respect to the services rendered to and 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 HFMC compensates HLIC for providing certain administrative services to the Funds. The Board also reviewed information from Broadridge comparing each Fund’s contractual management fees, actual management fees and overall expense ratios relative to an appropriate group of funds selected by Broadridge, in consultation with the Consultant. For details regarding each Fund’s expenses, see the fund-by-fund synopsis below.

While the Board recognized that comparisons between a Fund and its 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 Broadridge assisted the Board in evaluating the reasonableness of each Fund’s fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to each Fund’s fees and total operating expenses.

Based on these considerations, the Board concluded that each Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

271

Hartford HLS Fund

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

Economies of Scale

The Board considered information regarding the extent to which economies of scale may be realized as a Fund grows and whether fee levels reflect these economies of scale for the benefit of shareholders of the Fund. 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. In addition, the Board considered that initially setting competitive fee rates and pricing the Funds to scale at inception are other means of sharing potential economies of scale with shareholders. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders as assets within the Hartford Funds family of funds have grown over time, including through lower operating expenses. The Board noted the effect of the run-off of the variable annuity business on the HLS Funds and also noted that, for Hartford Small/Mid Cap Equity HLS Fund, the Fund’s current low asset levels have kept the Fund from fully realizing the benefits of anticipated or potential economies of scale.

The Board reviewed and evaluated materials from Broadridge 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, Broadridge, 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 noted that new Fund accounting and administration fees were implemented in 2017 for each Fund. 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 to HASCO of the Funds’ transfer agency function. The Board considered information regarding the transfer agency services provided by HASCO to the Funds and the transfer agency fees received therefor. 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 distribution and service fees from the Funds. The Board also noted that certain affiliates of HFD receive compensation from HFD, including affiliated insurance companies that offer the Funds as investment options under their 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 does 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 4^th quintile of its performance universe for the 1-year period, the 1^st 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 below its custom blended benchmark for the 1- and 3-year periods and in line with its custom blended benchmark for the 5-year period.

272

Hartford HLS Fund

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

• The Board noted that the Fund’s contractual management fee was in the 4^th quintile of its expense group, while its actual management fee and its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile. The Board noted the potential impact of the Fund’s declining assets under management on the Fund’s overall expense ratio. In considering the Fund’s expenses, the Board also noted the shareholder savings expected to result from a temporary fee reduction, which was implemented in 2017.

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-, 3- and 5-year periods. 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 concerning the Fund’s performance, HFMC stated that it has confidence in the Fund’s portfolio management team and investment strategy. The Board noted recent and upcoming changes to the Fund’s portfolio management team. The Board noted that certain changes had recently been made to the Fund’s principal investment strategy.

• The Board noted that the Fund’s contractual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile of its expense group, while its actual management fee was in the 4^th quintile. The Board noted the potential impact of the Fund’s declining assets under management on the Fund’s overall expense ratio.

Hartford Disciplined Equity HLS Fund

• The Board noted that the Fund’s performance was in the 5^th 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 below its benchmark for the 1-year period and above its benchmark for the 3- and 5-year periods. The Board noted recent changes to the Fund’s portfolio management team.

• The Board noted that the Fund’s contractual management fee and its 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 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- and 5-year periods and below its benchmark for the 3-year period. The Board noted recent changes to the Fund’s portfolio management team.

• The Board noted that the Fund’s contractual management fee was in the 3^rd quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile. The Board noted the potential impact of the Fund’s declining assets under management on the Fund’s overall expense ratio.

Hartford Global Growth 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.

• The Board noted that the Fund’s contractual management fee was in the 5^th quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile. The Board noted the potential impact of the Fund’s declining assets under management on the Fund’s overall expense ratio.

Hartford Growth Opportunities 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.

273

Hartford HLS Fund

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

Hartford Healthcare 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 upcoming changes to the Fund’s portfolio management team.

• 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. The Board noted the potential impact of the Fund’s declining assets under management on the Fund’s overall expense ratio.

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 5-year periods and the 2^nd quintile for the 3-year period. The Board also noted that the Fund’s performance was below 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, its actual management fee and its total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile of its expense group.

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-year period and the 1^st quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below 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 1^st quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile. In considering the Fund’s expenses, the Board noted that the Sub-adviser has limited capacity with respect to the Fund’s strategy which may impact the Fund’s sub-advisory fee levels. The Board noted the potential impact of the Fund’s declining assets under management on the Fund’s overall expense ratio.

Hartford MidCap HLS Fund

• The Board noted that the Fund’s performance was in the 2^nd 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 below its benchmark for the 1-year period, in line with its benchmark for the 3-year period 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 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- and 3-year periods and the 3^rd quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 3-year periods and in line with its benchmark for the 5-year period. The Board noted recent changes to the Fund’s portfolio management team.

• The Board noted that the Fund’s contractual management fee was in the 3^rd quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile.

Hartford Small Cap Growth 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 1^st 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 recent changes to the Fund’s portfolio management team.

• 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.

274

Hartford HLS Fund

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

Hartford Small Company 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 the 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 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 Small/Mid Cap Equity HLS Fund

• The Board noted that the Fund’s performance was in the 5^th quintile of its performance universe for the 1- and 5-year periods and the 4^th quintile for the 3-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 3-year periods and in line with its benchmark for the 5-year period. In considering the Fund’s performance record, the Board noted that the Fund had transitioned to the Sub-adviser in 2012. The Board noted that certain changes had recently been made to the Fund’s principal investment strategy.

• The Board noted that the Fund’s contractual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile of its expense group, while its actual management fee was in the 4^th quintile.

Hartford Stock HLS Fund

• The Board noted that the Fund’s performance was in the 5^th quintile of its performance universe for the 1-year period and the 4^th quintile for the 3- and 5-year periods. 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 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 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. The Board noted that certain changes had recently been made to the Fund’s principal investment strategy.

• The Board noted that the Fund’s contractual management fee, its actual management fee and its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile of its expense group. The Board noted the potential impact of the Fund’s declining assets under management on the Fund’s overall expense ratio.

Hartford Ultrashort 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 4^th quintile for the 3-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-year period.

• The Board noted that the Fund’s contractual management fee and its 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 3^rd quintile.

Hartford U.S. Government Securities HLS Fund

• The Board noted that the Fund’s performance was in the 2^nd 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 recent changes to the Fund’s portfolio management team.

• The Board noted that the Fund’s contractual management fee and its 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.

275

Hartford HLS Fund

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

Hartford Value 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 the 3^rd quintile for the 3-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period and in line with its benchmark for the 3- and 5-year periods. The Board considered that, in response to questions 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 was in the 4^th quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 5^th quintile. The Board noted the potential impact of the Fund’s declining assets under management on the Fund’s overall expense ratio. In considering the Fund’s expenses, the Board also noted the shareholder savings expected to result from a permanent fee reduction, which will be implemented in 2018.

* * * *

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.

276

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

Customer Privacy Notice

The Hartford Financial Services Group, Inc. and Affiliates*

(herein called “we, our, and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible:

a) management;

b) use; and

c) protection;

of Personal Information.

This notice describes how we collect, disclose, and

protect Personal Information.

We collect Personal Information to:

a) service your Transactions with us; and

b) support our business functions.

We may obtain Personal Information from:

a) You;

b) your Transactions with us; and

c) third parties such as a consumer-reporting agency.

Based on the type of product or service You apply for or get from us, Personal Information such as:

a) your name;

b) your address;

c) your income;

d) your payment; or

e) your credit history;

may be gathered from sources such as applications, Transactions, and consumer reports.

To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as:

a) our insurance companies;

b) our employee agents;

c) our brokerage firms; and

d) our administrators.

As allowed by law, we may share Personal Financial Information with our affiliates to:

a) market our products; or

b) market our services;

to You without providing You with an option to prevent these disclosures.

We may also share Personal Information, only as allowed by law, with unaffiliated third parties including:

a) independent agents;

b) brokerage firms;

c) insurance companies;

d) administrators; and

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.

For more information, our Online Privacy Policy, which governs information we collect on our website and our affiliate websites, is available at https://www.thehartford.com/online-privacy-policy.

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 policies and procedures may be subject to discipline, which may include termination of their employment 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 Financial Information may include Social Security Numbers, Driver’s license numbers, or other government-issued identification numbers, or credit, debit card, or bank account numbers.

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 Customer Privacy Notice is being provided on behalf of The Hartford Financial Services Group, Inc. and its affiliates, to the extent required by the Gramm-Leach-Bliley Act and implementing regulations.

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; FP R, LLC (Delaware); 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 Group Benefits Holding Company; 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; ; Lanidex R, LLC (Delaware); Lattice Strategies LLC; Maxum Casualty Insurance Company; Maxum Indemnity Company; Maxum Specialty Services Corporation; MPC Resolution Company LLC; New England Insurance Company; New England Reinsurance Corporation; Northern Homelands Company; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Property and Casualty Insurance Company of Hartford; Sentinel Insurance Company, Ltd.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company.

Revised March 2017

Series of Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. (each a “Fund” and collectively, the “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 Funds are not guaranteed by The Hartford or any other entity.

This report is submitted for the general information of the shareholders of the Funds referenced in this report. It is not authorized for distribution to persons who are not shareholders of one or more Funds referenced in this report unless preceded or accompanied by a current prospectus for the relevant Fund. Nothing herein contained is to be considered an offer of sale or a solicitation of an offer to buy shares of any 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 a Fund. This and other important information is contained in a Fund’s prospectus and summary prospectus, which can be obtained by visiting hartfordfunds.com. Please read it carefully before investing.

The Funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. Hartford Funds Management Company, LLC (HFMC) is the Funds’ investment manager. The Funds are sub-advised by Wellington Management Company LLP. HFD and HFMC are not affiliated with Wellington Management Company LLP.

HLSAR17 2-18    204763     Printed in U.S.A.

Item 2. Code of Ethics.

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. 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. 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. A copy of the code of ethics is filed herewith.

Item 3. Audit Committee Financial Expert.

The Board of Directors of the registrant (the “Board”) 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:

$382,000 for the fiscal year ended December 31, 2016; $399,086 for the fiscal year ended December 31, 2017.

(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:

$0 for the fiscal year ended December 31, 2016; $0 for the fiscal year ended December 31, 2017. Audit-related services are principally in connection with Rule 17Ad-13 under the Securities Exchange Act of 1934.

(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:

$85,204 for the fiscal year ended December 31, 2016; $72,715 for the fiscal year ended December 31, 2017. Tax-related services are principally in connection with, but not limited to, general tax services, excise tax 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, 2016; $0 for the fiscal year ended December 31, 2017.

(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.

1. The Audit Committee must pre-approve all audit services and non-audit services that the independent registered public accounting firm provides to the Fund.

2. 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.

3. 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.

4. 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.

5. 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) None of the hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the fiscal year ended December 31, 2017, 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:

$125,204 for the fiscal year ended December 31, 2016; $112,215 for the fiscal year ended December 31, 2017.

(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 the 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. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

Item 13. Exhibits.

(a)(1) Code of Ethics is filed herewith.

(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

(a)(4) 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: March 1, 2018	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: March 1, 2018	By:	/s/ James E. Davey
		James E. Davey, President and
		Chief Executive Officer
Date: March 1, 2018	By:	/s/ Laura S. Quade
		Laura S. Quade, Treasurer