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 R. 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, 2019

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 Shareholders:

Thank you for investing in Hartford HLS Funds. The following is the Funds’ Annual Report covering the period from January 1, 2019 to December 31, 2019.

Market Review

During the 12 months ended December 31, 2019, U.S. stocks, as measured by the S&P 500 Index¹, gained a healthy 31.49%, as U.S. consumers continued their strong

support for a domestic economic expansion lasting longer than any on record, according to the National Bureau of Economic Research.

The past year witnessed spasms of market volatility that seemed to come and go. In early August, 2019, for example, concerns about U.S.-China trade policy caused the Chicago Board Options Exchange’s VIX Volatility Index² to more than double. For the remainder of the year, volatility receded, despite persistent U.S.-China trade tensions, ongoing uncertainty surrounding the 2020 U.S. elections, and the still unknown impact of President Trump’s impeachment by the U.S. House of Representatives.

Significantly, an agreement in December 2019 between the U.S. and China to delay implementation of U.S. tariffs calmed markets for the remaining portion of the period. In addition, the Brexit crisis (the United Kingdom’s exit from the European Union) appears headed for resolution, which appears to have reduced global market uncertainty to some degree. That said, economic data continues to reflect signs of a slowing global economy, freeing most central banks to continue pursuing a more accommodative monetary policy.

By contrast, after three rate cuts during 2019, the U.S. Federal Reserve is expected to pause further reductions, signaling reduced fears of an imminent U.S. recession. As of November, the U.S. unemployment rate stood at 3.5%, reflecting job gains in healthcare, professional and technical services, and in manufacturing.

Unforeseen political surprises at home, combined with other potential economic and geopolitical risks abroad, spell caution as we move through the late cycle of the current economic expansion. For this reason, 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 find a fit within our family of funds as you work toward your unique investment 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.

²  “VIX,” commonly referred to as the “Fear Index,” is the ticker symbol for the Chicago Board Options Exchange (Cboe) Volatility Index and measures the market’s expectation of 30-day volatility.

Hartford HLS Funds

Table of Contents

Fund Overview (Unaudited)	2
Benchmark Glossary (Unaudited)	60
Expense Examples (Unaudited)	62
Financial Statements:
Schedules of Investments:
Hartford Balanced HLS Fund	64
Hartford Capital Appreciation HLS Fund	74
Hartford Disciplined Equity HLS Fund	79
Hartford Dividend and Growth HLS Fund	81
Hartford Global Growth HLS Fund	83
Hartford Growth Opportunities HLS Fund	86
Hartford Healthcare HLS Fund	89
Hartford High Yield HLS Fund	91
Hartford International Opportunities HLS Fund	97
Hartford MidCap HLS Fund	100
Hartford MidCap Growth HLS Fund	103
Hartford MidCap Value HLS Fund	105
Hartford Small Cap Growth HLS Fund	107
Hartford Small Company HLS Fund	110
Hartford Stock HLS Fund	113
Hartford Total Return Bond HLS Fund	115
Hartford Ultrashort Bond HLS Fund	138
Hartford U.S. Government Securities HLS Fund	144
Hartford Value HLS Fund	149
Glossary	151
Statements of Assets and Liabilities	152
Statements of Operations	155
Statements of Changes in Net Assets	158
Financial Highlights	165
Notes to Financial Statements	173
Report of Independent Registered Public Accounting Firm	204
Directors and Officers (Unaudited)	205
How to Obtain a Copy of each Fund’s Proxy Voting Policies and Voting Records (Unaudited)	209
Quarterly Portfolio Holdings Information (Unaudited)	209
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)	210

The views expressed in each Fund’s Manager Discussion contained in the Fund Overview section are views of that Fund’s sub-adviser and portfolio management team through the end of the period and are subject to change based on market and other conditions. Each Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable. Holdings and characteristics are subject to change. Fund performance reflected in each Fund’s Manager Discussion reflects the returns of such Fund’s Class IA shares. Returns for such Fund’s other classes differ only to the extent that the classes do not have the same expenses.

Hartford Balanced HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 3/31/1983 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		22.80%		7.40%		9.30%
Class IB		22.47%		7.13%		9.02%
60% S&P 500 Index/ 35% Bloomberg Barclays Government/Credit Bond Index/ 5% ICE BofAML US 3-Month Treasury Bill Index1		22.20%		8.34%		9.68%
S&P 500 Index		31.49%		11.70%		13.56%
Bloomberg Barclays Government/Credit Bond Index		9.71%		3.23%		3.96%
ICE BofAML US 3-Month Treasury Bill Index		2.28%		1.07%		0.58%

¹ Calculated by Hartford Funds Management Company, LLC

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. 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. 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 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, 2019, 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

As shown in the Fund’s current prospectus, the gross expense ratios are as follows: 0.66% (Class IA) and 0.91% (Class IB). The net expense ratios as shown in the Fund’s current prospectus are as follows: 0.63% (Class IA) and 0.88% (Class IB). Gross expenses do not reflect fee waiver arrangements. Net expenses reflect such arrangements, which remain in effect until April 30, 2020 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

2

Hartford Balanced HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

Portfolio Managers

Adam H. Illfelder, CFA

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

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford Balanced HLS Fund returned 22.80% for the twelve-month period ended December 31, 2019, outperforming the Fund’s custom benchmark, which is comprised of 60% S&P 500 Index, 35% Bloomberg Barclays Government/Credit Bond Index, and 5% ICE BofAML US 3-Month Treasury Bill Index, which returned 22.20% for the same period. Individually, the S&P 500 Index, Bloomberg Barclays Government/Credit Bond Index, and ICE BofAML US 3-Month Treasury Bill Index returned 31.49%, 9.71%, and 2.28%, respectively, during the period. For the same period, the Class IA shares of the Fund outperformed the 20.51% 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?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending December 31, 2019. During the first quarter of 2019, U.S. equities rallied to their largest quarterly gain since 2009, buoyed by an accommodative shift in U.S. Federal Reserve (Fed) policy and guidance, optimism for a U.S.-China trade deal, relatively strong fourth-quarter 2018 earnings, and corporate buybacks. U.S. equity markets surged in the fourth quarter, as equities benefited from waning recession fears, improved trade sentiment, and accommodative Fed policies.

During the twelve-month period, all of the eleven sectors within the S&P 500 Index posted positive returns, led by the Information Technology (+50%), Communication Services (+33%), and Financials (+32%) sectors, while the Energy (+12%) and Healthcare (+21%) sectors lagged on a relative basis.

Over the period, global fixed-income markets generated largely positive total returns, driven by a decline in sovereign debt yields across most markets, particularly in the first three quarters of 2019. At the end of the period, yields increased across most markets amid stabilizing global activity indicators and progress on trade talks, despite continued accommodative global central bank policies. Geopolitical uncertainty remained elevated amid ongoing trade talks between the U.S. and China, negotiations surrounding the U.K.’s exit from the EU (also known as “Brexit”), and U.S. presidential impeachment proceedings. Despite these concerns, corporate bond spreads tightened over optimism that

monetary accommodation could offset the drag on global growth from restrictive trade policies. The U.S. dollar cemented its safe-haven status, strengthening versus most currencies amid trade frictions and slowing global growth prospects. Inflation showed no meaningful acceleration even as wage growth edged higher.

For much of the year, sovereign debt yields fell due to global economic uncertainty, accommodative shifts by central banks, and escalating trade tensions. Most major credit risk sectors posted positive returns over the period. Higher-yielding sectors outperformed investment-grade credit, benefiting from continued investor demand for yield-producing assets.

During the period, asset allocation decisions drove benchmark-relative outperformance. The Fund was generally overweight equities and underweight fixed income and cash relative to its 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 sector allocation, which is a residual of our bottom-up security selection process. The Fund’s underweight allocation to the Information Technology sector and overweight to the Healthcare sector detracted most from performance. This was partially offset by the Fund’s underweight allocation in the Consumer Staples and Utilities sectors. Security selection also detracted from relative results, primarily within the Information Technology, Communication Services, and Consumer Staples sectors. Strong selection within the Financials, Industrials, and Healthcare sectors partially offset these results.

Stocks that detracted the most from returns relative to the S&P 500 Index in the equity portion of the Fund during the period were Apple (Information Technology), Facebook (Communication Services), and Tapestry (Consumer Discretionary). We sold out of Apple, a provider of consumer electronics, at the beginning of the year. Over the course of the year, the stock returned more than 80% on the back of strong earnings and a surge in sales in its wearable segment. In particular, sales of Apple Watch, AirPods, and Beats headphones nearly tripled in the fourth quarter of 2019 on a year-over-year basis. We initiated a position in Facebook halfway through the year after the stock had already risen significantly from its starting point at the beginning of the year. Shares climbed in the latter half of the year after the company reported steady user growth and strong revenue in the third quarter. Although the Fund’s position ended the period with a gain, it detracted

3

Hartford Balanced HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

from results relative to the S&P 500 Index, as the Fund did not hold the name earlier in the year. Shares of Tapestry, a luxury goods company formerly known as Coach, fell after the company missed on earnings and cut guidance early in the year, citing a volatile macroeconomic and geopolitical backdrop. In the second half of the year the stock was weighed down when the Kate Spade line did not return to sales growth as predicted, prompting the company to pull back on store openings for the brand. TD Ameritrade (Financials), Nektar Therapeutics (Healthcare), and Tapestry (Consumer Discretionary) were the top detractors from absolute returns during the period.

Top contributors to performance relative to the S&P 500 Index in the equity portion of the Fund during the period included KLA (Information Technology), Qualcomm (Information Technology), and Fortune Brands Home (Industrials). Shares of KLA, a semiconductor equipment company, traded higher on strong earnings and an upward revision in guidance. Some analysts see profit increasing due to advanced chips for 5G smartphones and artificial intelligence devices boosting demand for KLA’s chip-inspection equipment in the next few years. The stock also benefited from secular tailwinds from expectations around improved memory-chip prices and a return to growth for the industry. Shares of Qualcomm jumped early in the year after announcing it had reached a settlement with Apple ending a long-running legal dispute over royalty payments. In the fourth quarter of 2019, the company raised guidance on expectations of increased demand for its 5G technology as the market continues to accelerate. Shares of Fortune Brands Home, a U.S.-based provider of home and security products, rose after the stock was upgraded by some analysts on the outlook that exposure to repair and remodeling may offset concerns about a cyclical peak in homebuilding. Microsoft (Information Technology), Alphabet (Communication Services), and JPMorgan Chase (Financials) 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 credit was the largest contributor to outperformance relative to the Bloomberg Barclays Government/Credit Bond Index, particularly selection within the Industrials, Financials and Taxable Municipals sectors. An overweight to investment-grade credit was a modestly positive contributor overall, as positive impacts from an overweight to the Financials and Taxable Municipals sectors were largely offset by a negative impact from an underweight to the Industrials and Sovereign Bonds. Out-of-benchmark allocations to securitized sectors such as agency mortgage-backed securities (MBS) pass-throughs, collateralized loan obligations (CLOs), non-agency mortgage backed securities (NA MBS), and commercial mortgage-backed securities (CMBS) all contributed positively to performance. Duration/yield curve positioning contributed modestly over the period, particularly long positioning in the intermediate region of the yield curve. A modest out-of-benchmark allocation to Treasury Inflation-Protected Securities (TIPS) also contributed positively to performance.

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 of the end of the period?

The U.S. economy grew 2.1% in the third quarter of 2019, with healthy consumer spending serving as the key driver of economic growth. The labor market remained strong, with job growth consistently exceeding

expectations, wage growth hovering around 3%, and unemployment falling to a historic low of 3.5%. U.S. small business sentiment rose in November 2019, adding to signs that a key part of the economy is on positive footing. The Conference Board reported that consumer confidence remained elevated but eased throughout the quarter as expectations and optimism moderated amid a volatile global environment.

On the fixed income side, we believe credit valuations are modestly high given risks around geopolitics, trade tensions, and elections; however, supportive global central banks may continue to support asset valuations. We expect global inflation to remain benign, making it unlikely that we see a sustained move higher in global interest rates in 2020. We have positioned the fixed income portion of the Fund to be slightly overweight to duration relative to the Bloomberg Barclays Government/Credit Bond Index.

While we are increasingly cautious around the cycle and believe that credit fundamentals have deteriorated in part due to slowing earning growth, credit remains the main investment focus of the portfolio and we continue to look for opportunities within the sector. The Fund is overweight corporate credit relative to the Bloomberg Barclays Government/Credit Bond Index and has a bias towards more defensive sectors like Utilities and Telecommunications. We believe that the Taxable Municipals sector remains fairly valued and a high-quality diversifier relative to our corporate bond risk. We remain overweight to the sector, but have slightly reduced it recently, particularly within the not-for-profit hospitals space given secular challenges and tight valuations.

Within equities, the Fund ended the period with the Healthcare sector as its largest overweight and the Consumer Staples sector as its largest underweight. Within fixed income, we had a moderately pro-cyclical risk posture as of the end of the period, continuing to favor investment-grade credit. As of the end of the period, we increased the Fund’s out-of-benchmark mortgage allocation and favored low to mid coupon agency pass-throughs and collateralized mortgage obligations (CMOs) for their favorable prepayment profile. As of the end of the period, the Fund held a modest out-of-benchmark allocation to prime, NA MBS. As of the end of the period, the Fund also held an out-of-benchmark allocations to the securitized sectors such as asset backed securities, CLOs, and CMBS, which we believe offer attractive value and diversification relative to corporates. However, we are focused on acquiring high-quality issuance and senior portions of the capital structure in the securitized space.

At the end of the period, the Fund’s equity exposure was at 68.5% compared to 60% in its custom benchmark.

Important Risks

Investing involves risk, including the possible loss of principal. The Fund seeks to achieve its investment objective by allocating assets among different asset classes. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. •Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. •Mortgage related- and asset-backed securities’ risks include credit, interest-rate, prepayment,

4

Hartford Balanced HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

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⁽¹⁾

as of December 31, 2019

Category	Percentage of Net Assets
Equity Securities
Common Stocks		67.7	%
Total		67.7	%
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		2.7	%
Corporate Bonds		17.6
Foreign Government Obligations		0.5
Municipal Bonds		0.9
U.S. Government Agencies(2)		2.3
U.S. Government Securities		7.1
Total		31.1	%
Short-Term Investments		1.0
Other Assets & Liabilities		0.2
Total		100.0	%

⁽¹⁾  For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

⁽²⁾  All or a portion of the securities categorized as U.S. Government Agencies were agency mortgage backed securities as of December 31, 2019.

5

Hartford Capital Appreciation HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 4/02/1984 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		31.28%		9.72%		11.23%
Class IB		30.96%		9.45%		10.95%
Class IC		30.63%		9.17%		10.68%
Russell 3000 Index		31.02%		11.24%		13.42%
S&P 500 Index		31.49%		11.70%		13.56%

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. 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. 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 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, 2019, 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA, Class IB and Class IC were 0.67%, 0.92% and 1.17%, respectively. Gross and net

expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

6

Hartford Capital Appreciation HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

Portfolio Managers

Gregg R. Thomas, CFA

Senior Managing Director and Director of Investment Strategy

Wellington Management Company LLP

Tom S. Simon, CFA, FRM

Senior Managing Director and Portfolio Manager

Wellington Management Company LLP

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford Capital Appreciation HLS Fund returned 31.28% for the twelve-month period ended December 31, 2019, outperforming one of its benchmarks, the Russell 3000 Index, which returned 31.02% for the same period. For the same period, Class IA shares of the Fund underperformed its other benchmark, the S&P 500 Index, which returned 31.49% for the same period. For the same period, the Class IA shares of the Fund outperformed the 28.15% 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?

United States (U.S.) equities, as measured by the Russell 3000 Index, posted positive results over the trailing twelve-month period ending December 31, 2019. During the first quarter of 2019, U.S. equities rallied to their largest quarterly gain since 2009, buoyed by an accommodative shift in U.S. Federal Reserve (Fed) policy and guidance, optimism for a U.S.-China trade deal, relatively strong fourth-quarter 2018 earnings, and corporate buybacks. By the summer of 2019, unresolved trade tensions between the U.S. and its trading partners unsettled markets and raised concerns about the potential risks to U.S. economic growth from increasing cost pressures, supply chain disruptions, and waning business confidence and investment plans. In the third quarter of 2019, U.S. equities rose for the third consecutive quarter, as the U.S. economy remained resilient despite elevated geopolitical uncertainties and slowing global growth. The Fed lowered its benchmark interest rate in July and September by a combined 0.50% in an effort to sustain the U.S. economic expansion and mitigate the risks of moderating growth and trade frictions. U.S. equity markets surged in the fourth quarter of 2019, as equities benefited from waning recession fears, improved trade sentiment, and accommodative Fed policies. In October, the Fed lowered interest rates for the final time in 2019, cutting rates by 0.25%. Trade tensions continued to be volatile during the fourth quarter of 2019, but eased in December after the U.S. and China reached a phase one trade agreement.

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. All eleven sectors in the Russell 3000 Index had positive returns during the period. The Information Technology (+49%), Communication Services (+32%), and Financials (+31%) sectors were the top performers, while the Energy (+10), Healthcare (+22%), and Materials (+24%) sectors lagged on a relative basis.

Sector allocation, a result of our bottom-up security selection process, detracted from performance relative to the Russell 3000 Index during the period. Underweight exposure to the Information Technology sector detracted the most and was only partially offset by an underweight exposure to the Energy sector, which contributed positively. Security selection contributed positively to performance relative to the Russell 3000 Index during the period. Strong stock selection in the Healthcare, Consumer Discretionary, and Materials sectors was only partially offset by weaker selection in the Communication Services, Information Technology, and Consumer Staples sectors, which detracted from relative performance.

Strategies included in the Fund are chosen based on extensive analysis of qualitative and quantitative factors. Risk factors managed within the overall portfolio include but are not limited to: growth, value, momentum, contrarian, high volatility, low volatility, quality and leverage. The Fund’s style factor exposures detracted from performance led by exposure to higher volatility factors; this was partially offset by the Fund’s smaller capitalization footprint and exposure to momentum and value factors. International exposure (country and currency) contributed positively to performance, with the Fund’s exposure within North America (United States) and Europe (Belgium and Germany) contributing the most to relative performance, and exposure to Japan detracting from relative performance.

The largest detractors from performance relative to the Russell 3000 Index over the period were underweight exposures to Apple (Information Technology) and Microsoft (Information Technology) as well as an out-of-benchmark exposure to Uber Technologies (Industrials). Apple engages in designing, manufacturing, and marketing mobile communication, media devices, personal computers, and portable digital music players. Apple’s stock was up during the period as the company repeatedly announced above-consensus earnings. Towards the end of the year, the services segment reaccelerated and iPhone volume forecasts improved leading to a stronger outlook for the company moving forward. We initiated a position in the stock during the period but the Fund remains underweight. The Fund’s underweight exposure to Microsoft, relative to the Russell 3000 Index, was another top detractor from relative performance. Strong earnings throughout the year propelled the stock higher during the year. In particular, growth in Azure, the company’s commercial cloud offering, helped overcome some of the weakness within the company’s gaming unit. We remain underweight relative to the benchmark and trimmed the Fund’s position during the period. Uber Technologies, a technology platform for people and things mobility, also detracted from relative performance. During the period, the valuation of the Fund’s private placement in the company declined amid well publicized negative events and the ultimate departure of its CEO. Following the initial public offering (IPO), the company delivered mixed

7

Hartford Capital Appreciation HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

results which drove the stock price down. As of the end of the period, the Fund continued to own the stock. 2U (Information Technology) and Pinterest (Communication Services) were among the top absolute detractors from performance during the period.

The largest contributors during the period to performance relative to the Russell 3000 Index were CoStar Group (Industrials), lack of exposure to Berkshire Hathaway (Financials), and Advanced Micro Devices (Information Technology). Costar Group is a provider of data and analytics for the commercial real estate industry. Shares of the company trended higher throughout the year as the company consistently met or exceeded market expectations for quarterly results during the year. We reduced the Fund’s exposure during the period; however, we still believe the stock is well positioned to benefit from continued positive company-specific and macro conditions. Berkshire Hathaway is a diversified company operating in property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. Not holding the stock contributed positively to performance as the share price moved higher during the period but underperformed relative to the broader market. As of the end of the period, the Fund did not hold the stock. Advanced Micro Devices, a semiconductor manufacturer, reported strong results throughout the period that were in line with consensus estimates. Results were driven by strong sales of new client and server CPU business in addition to benefiting from a recovering gaming GPU market. As of the end of the period, the Fund continued to hold the stock. American Tower (Real Estate) and Microsoft (Information Technology) were among the top absolute contributors during the period.

During the period, the Fund, at times, uses derivative instruments such as currency forwards to hedge currency risk and/or equity index futures to hedge the market risk. During the period, the use of currency forwards did not have a significant impact on performance, while the use of equity index futures contributed modestly to results.

What is the outlook as of the end of the period?

At the end of the period, macro challenges created a volatile backdrop for the market in 2019, and we expect this to persist into the new year. We note an unusual lack of consensus across the industry around the macroeconomic outlook as of the end of the period, which leads to a wide range of potential outcomes from our perspective. As a result, we seek to balance the Fund’s risk allocations in an effort to guard against a possible downturn without giving up the potential for participating in the event of a market reacceleration. In our capital allocation framework, we seek to balance risk factor exposure in the Fund by allocating to underlying managers with varying investment styles, but all of whom focus on growth of capital as an objective.

In addition to persistent market volatility, we believe there could also be persistence in the factor volatility that we saw in 2019. We monitor the portfolio for meaningful changes in risk characteristics and seek to actively manage allocations with respect to a changing risk landscape. To that end, we seek to balance risk relative to various potential market outcomes.

At the end of the period, the Fund’s largest overweights were to the Healthcare and Industrials sectors, while the Fund’s largest underweights were to the Information Technology and Financials sectors, relative to the Russell 3000 Index.

Important Risks

Investing involves risk, including the possible loss of principal. The Fund seeks to achieve its investment objective by allocating assets among different portfolio management teams. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Small- and mid-cap securities can have greater risks and volatility than large-cap securities. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks are generally greater for investments in emerging markets. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.

Composition by Sector⁽¹⁾

as of December 31, 2019

Sector	Percentage of Net Assets
Equity Securities
Communication Services		8.0	%
Consumer Discretionary		11.5
Consumer Staples		6.5
Energy		2.9
Financials		11.7
Health Care		17.8
Industrials		12.2
Information Technology		16.8
Materials		2.5
Real Estate		4.9
Utilities		3.3
Total		98.1	%
Short-Term Investments		2.8
Other Assets & Liabilities		(0.9	)
Total		100.0	%

⁽¹⁾  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

Fund Overview

December 31, 2019 (Unaudited)

Inception 5/29/1998 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		34.12%		12.61%		14.51%
Class IB		33.76%		12.33%		14.22%
S&P 500 Index		31.49%		11.70%		13.56%

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. 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. 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 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, 2019, 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

As shown in the Fund’s prospectus dated May 1, 2019, the total annual fund operating expense ratios for Class IA and Class IB were 0.78% and 1.03%, respectively. The Fund filed a supplement to its prospectus, dated November 27, 2019, with the U.S. Securities and Exchange Commission that updated the Fund’s total annual fund operating expense table effective January 1, 2020. However, the information in this annual report is as of December 31, 2019 and does not reflect any changes made to the total annual fund operating expense table in the prospectus, as supplemented. The total annual fund

operating expense ratios shown in the supplement are as follows: 0.73% (Class IA) and 0.98% (Class IB). Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

9

Hartford Disciplined Equity HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

Portfolio Managers

Mammen Chally, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Douglas W. McLane, CFA

Managing Director and Equity Research Analyst

Wellington Management Company LLP

David A. Siegle, CFA

Managing Director and Equity Research Analyst

Wellington Management Company LLP

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford Disciplined Equity HLS Fund returned 34.12% for the twelve-month period ended December 31, 2019, outperforming its benchmark, the S&P 500 Index, which returned 31.49% for the same period. For the same period, the Class IA shares of the Fund also outperformed the 29.61% 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?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending December 31, 2019. During the first quarter of 2019, U.S. equities rallied to their largest quarterly gain since 2009, buoyed by an accommodative shift in U.S. Federal Reserve (Fed) policy and guidance, optimism for a U.S.-China trade deal, relatively strong fourth-quarter 2018 earnings, and corporate buybacks. By the summer of 2019, unresolved U.S. trade frictions with China, Mexico, Japan, and the European Union (EU) unsettled markets and raised concerns about the potential risks to U.S. economic growth from increasing cost pressures, supply chain disruptions, and waning business confidence and investment plans. In the third quarter of 2019, U.S. equities rose for the third consecutive quarter, with the U.S. economy remaining resilient despite elevated geopolitical uncertainties and slowing global growth. U.S.-China trade relations were particularly volatile in the absence of meaningful compromises on key structural issues. Expectations for a protracted trade war and the potential for a longer-term decoupling of the world’s two largest economies eroded consumer and business confidence and curtailed capital spending. The Fed lowered its benchmark interest rate in July and September by a combined 0.50% in an effort to sustain the U.S. economic expansion and mitigate the risks of moderating growth and trade frictions. U.S. equity markets surged in the fourth quarter of 2019, as equities benefited from waning recession fears, improved trade sentiment, and accommodative Fed policies. In October, the Fed lowered interest rates for the final time in 2019, cutting rates by 0.25%. Trade tensions were volatile during the fourth quarter of 2019 but eased in December after the U.S. and China reached a phase one trade agreement. The U.S. House of Representatives voted to impeach President Trump; however, markets were unaffected given that the Republican-led Senate is unlikely to support his impeachment.

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, all eleven sectors within the S&P 500 Index rose, led by the Information Technology (+50%), Communication Services (+33%), and Financials (+32%) sectors.

Security selection was the primary contributor to returns relative to the S&P 500 Index during the period, primarily within the Industrials, Healthcare, and Financials sectors, which more than offset weaker selection within the Energy and Communication Services sectors, which detracted from relative performance. Sector allocation, which is a residual of our bottom-up security selection process, detracted from relative results driven by an overweight to the Healthcare sector and an underweight to the Information Technology sector. This was partially offset by an underweight allocation to the Energy sector, which contributed positively to relative performance.

Top contributors to performance relative to the S&P 500 Index over the period were Leidos Holdings (Information Technology), Teradyne (Information Technology), and not owning Pfizer (Healthcare). Shares of Leidos advanced during the period, fueled by strong earnings. More recently, the company announced a $1.65 billion deal to acquire cybersecurity firm Dynetics. The purchase is expected to add both sales growth and margins. Shares of the chip maker Teradyne also rose during the period. Due to strength in China for smartphone testing and base station testing, the company finished 2019 on a very strong note with an aggressive 5G base station camp. Pfizer is a U.S.-based biopharmaceutical company. The stock underperformed on the announcement of the company’s plans to merge its off-patent drugs business with generic drug manufacturer Mylan, which the market did not like. Apple (Information Technology) was the top absolute contributor to performance during the period.

The largest detractors from performance relative to the S&P 500 Index over the period were Apple (Information Technology), NetApp (Information Technology), and GoDaddy (Information Technology). Shares of the tech giant Apple advanced during the period. The company recently reported positive fourth-quarter 2019 results, beating consensus estimates and benefiting from a surge in sales in its wearable market. The Fund’s underweight position in the company’s stock detracted from relative results. GoDaddy, one of the global leaders in domain name registry and web hosting and business applications, was

10

Hartford Disciplined Equity HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

among the top detractors from relative performance. Shares of the company underperformed after a slowdown in growth in the company’s web hosting business and a CEO transition. Shares of NetApp declined during the period after the company announced disappointing first-quarter fiscal year results and revised its previously issued guidance for full year 2020. NetApp was the top absolute detractor during the period, and we eliminated the Fund’s position.

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 of the end of the period?

As we look ahead to 2020, many of the constructive fundamental drivers of U.S. economic growth in 2019 persist. We believe labor markets remain healthy, and wage gains continue to bolster consumer confidence, but may not trigger outsized inflation due to continued productivity improvements. In our view, the U.S. housing market has turned the corner after six quarters of negative growth, responding to rate cuts by the Fed. Moving forward, Fed action is likely to be more gradual, having now achieved targeted levels of inflation. This may also result in less volatility for the U.S. dollar.

We believe trade negotiations between the U.S. and China will remain vitally important to markets. In our view, the year ended with encouraging progress; the “List 4” tariffs slated for December implementation were delayed, and indications that forward progress for a phase one agreement were in place. Additionally, the U.S. House of Representatives passed the tri-party United States-Mexico-Canada Agreement (USMCA), a replacement for the North American Free Trade Agreement (NAFTA), which is expected to be ratified by the U.S. Senate. The ratification of this trade agreement is expected to provide important certainty to North American supply chains. As the new year begins, we believe that U.S. politics will first be dominated by a historic presidential impeachment trial in the U.S. Senate, before yielding to a rapid succession of Democratic primaries which will provide more certainty into both the eventual Democratic candidate as well as the main platform issues to be put forward by that party in the presidential election. The outcome at the ballot box could warrant future action in the Fund, but given the wide range of possible outcomes at this point, we believe that this bears more monitoring than action at this time.

At the end of the period, the Fund’s largest overweights relative to the S&P 500 Index were to the Healthcare, Consumer Staples, and Industrials sectors, while the Fund’s largest underweights relative to the S&P 500 Index were to the Communication Services, Energy, and Information Technology sectors.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies.

Composition by Sector⁽¹⁾

as of December 31, 2019

Sector	Percentage of Net Assets
Equity Securities
Communication Services		7.1	%
Consumer Discretionary		9.1
Consumer Staples		10.4
Energy		1.6
Financials		13.7
Health Care		17.6
Industrials		10.5
Information Technology		20.8
Materials		1.9
Real Estate		2.4
Utilities		4.6
Total		99.7	%
Short-Term Investments		0.4
Other Assets & Liabilities		(0.1	)
Total		100.0	%

⁽¹⁾  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

Fund Overview

December 31, 2019 (Unaudited)

Inception 3/09/1994 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		28.60%		10.35%		12.26%
Class IB		28.30%		10.08%		11.98%
S&P 500 Index		31.49%		11.70%		13.56%
Russell 1000 Value Index		26.54%		8.29%		11.80%

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. 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. 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 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, 2019, 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.68% and 0.93%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

12

Hartford Dividend and Growth HLS Fund

Fund Overview – (continued)

December 31, 2019 (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

Nataliya Kofman

Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

* Edward P. Bousa, CFA announced his plan to retire, and effective June 30, 2020, he will no longer serve as a portfolio manager for the Fund.

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford Dividend and Growth HLS Fund returned 28.60% for the twelve-month period ended December 31, 2019, underperforming one of its benchmarks, the S&P 500 Index, which returned 31.49% for the same period. For the same period, Class IA shares of the Fund outperformed its other benchmark, the Russell 1000 Value Index, which returned 26.54% for the same period. For the same period, the Class IA shares of the Fund outperformed the 24.43% 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?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending December 31, 2019. During the first quarter of 2019, U.S. equities rallied to their largest quarterly gain since 2009, buoyed by an accommodative shift in U.S. Federal Reserve (Fed) policy and guidance, optimism for a U.S.-China trade deal, relatively strong fourth-quarter 2018 earnings, and corporate buybacks. By the summer of 2019, unresolved U.S. trade frictions with China, Mexico, Japan, and the European Union (EU) unsettled markets and raised concerns about the potential risks to U.S. economic growth from increasing cost pressures, supply chain disruptions, and waning business confidence and investment plans. In the third quarter of 2019, U.S. equities rose for the third consecutive quarter, with the U.S. economy remaining resilient despite elevated geopolitical uncertainties and slowing global growth. U.S.-China trade relations were particularly volatile in the absence of meaningful compromises on key structural issues. Expectations for a protracted trade war between the U.S. and China and the potential for a longer-term decoupling of the world’s two largest economies eroded consumer and business confidence and curtailed capital spending. The Fed lowered its benchmark interest rate in July and September by a combined 0.50% in an effort to sustain economic expansion and mitigate the risks of moderating growth and trade frictions. U.S. equity markets surged in the fourth quarter of 2019, as equities benefited from waning recession fears, improved trade sentiment, and accommodative Fed

policies. In October, the Fed lowered interest rates for the final time in 2019, cutting rates by 0.25%. Trade tensions were volatile during the fourth quarter of 2019 but eased in December after the U.S. and China reached a phase one trade agreement. The U.S. House of Representatives voted to impeach President Trump; however, markets were unaffected given that the Republican-led Senate is unlikely to support his impeachment.

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, all eleven sectors within the S&P 500 Index posted positive returns, led by the Information Technology (+50%), Communication Services (+33%), and Financials (+32%) sectors. The Energy (+12%), Healthcare (+21%), and Materials (+25%) sectors lagged on a relative basis.

Sector allocation, a result of our bottom-up stock selection process, was the primary driver of underperformance relative to the S&P 500 Index during the period. An underweight to the Information Technology sector and an overweight to the Energy sector detracted from relative performance. This was partially offset by underweights to the Consumer Discretionary and Consumer Staples sectors, which contributed positively to relative performance. Additionally, security selection positively contributed to relative performance during the period. Strong selection within the Energy, Financials, and Industrials sectors were partially offset by weaker selection within the Information Technology and Communication Services sectors, which detracted from relative performance.

The Fund’s top detractor from performance relative to the S&P 500 Index was the Fund’s underweight to Apple (Information Technology). Returns were also held back by overweights to Verizon Communications (Communication Services) and Pfizer (Healthcare). Shares of Apple gained throughout the year, following the company’s strong services acceleration, in addition to strength in the company’s wearables division, which includes watches, AirPods, and Beats headphones. Despite reporting strong wireless service revenue, coupled with a positive

13

Hartford Dividend and Growth HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

outlook, Verizon’s stock price faltered during the period as net customer additions were a bit weaker than anticipated. Pfizer’s share price declined after the company announced its Upjohn business merger with Mylan.

Top contributors to performance relative to the S&P 500 Index over the period included overweight allocations to Hess (Energy) and KLA (Information Technology), as well as not holding benchmark constituent Berkshire Hathaway (Financials). Hess traded well due to higher oil prices over the period, and we believe the company remains well positioned over the next several years due to its significant oil discovery in Guyana. KLA continued to outperform its semiconductor equipment peer group with strong fourth-quarter 2019 earnings and guidance for September that beat consensus expectations. The Fund’s overweight position in KLA also contributed positively to relative performance during the period. Not holding Berkshire Hathaway contributed positively to performance as the share price moved higher during the period but underperformed relative to the broader market. As of the end of the period, we do not hold Berkshire Hathaway in the Fund.

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 of the end of the period?

Despite much volatility and changes in market leadership throughout 2019, the combination of stabilizing economic data, accommodative central banks, and continued optimism around an eventual trade deal between the U.S. and China provided a favorable backdrop for equities. We expect that 2020 will be somewhat more challenging for robust stock returns due to higher valuations at the start of the year, limited room for further easing by central banks, and the many uncertainties related to geopolitics.

Notably, the consumer was particularly strong in 2019 as low unemployment, tax rebates, and solid spending helped propel the economy forward. While we believe the economy will still benefit from strong consumer support, it will likely be less significant. We are enthusiastic about the prospects for many individual businesses.

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

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments.

Composition by Sector⁽¹⁾

as of December 31, 2019

Sector	Percentage of Net Assets
Equity Securities
Communication Services		9.5	%
Consumer Discretionary		5.4
Consumer Staples		5.6
Energy		7.7
Financials		20.7
Health Care		16.2
Industrials		8.7
Information Technology		14.5
Materials		3.1
Real Estate		3.1
Utilities		3.9
Total		98.4	%
Short-Term Investments		1.6
Other Assets & Liabilities		0.0	*
Total		100.0	%

* Percentage rounds to zero.

⁽¹⁾  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.

14

Hartford Global Growth HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 9/30/1998 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		32.61%		13.28%		12.67%
Class IB		32.29%		12.98%		12.38%
MSCI World Growth Index (Net)		33.68%		11.09%		11.08%

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. 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. 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 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, 2019, 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.80% and 1.05%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

15

Hartford Global Growth HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

Portfolio Managers

John A. Boselli, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Matthew D. Hudson, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford Global Growth HLS Fund returned 32.61% for the twelve-month period ended December 31, 2019, underperforming its benchmark, the MSCI World Growth Index (Net), which returned 33.68% for the same period. For the same period, the Class IA shares of the Fund outperformed the 29.19% 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?

For the twelve-month period ended December 31, 2019, global equities rose more than 26.6% as measured by the MSCI ACWI Index. In the first quarter of 2019, global markets recovered and surged due to productive trade negotiations between the U.S. and China, and due to accommodative rhetoric and policy actions from the major central banks. In the second quarter of 2019, global equities rose for the second straight quarter. Trade tensions between China and the U.S. escalated in May but eased at the end of the quarter after the two countries agreed to resume trade negotiations at the G20 summit. The United Kingdom’s (U.K.’s) exit from the European Union (EU), also known as Brexit, was a major concern, with the U.K. avoiding an abrupt no-deal departure after the EU leaders granted the U.K. a flexible extension. U.K. Prime Minister Theresa May announced that she would resign after failing to secure a Brexit deal. In the third quarter of 2019, Boris Johnson was appointed as the new prime minister of the U.K. after his victory in the Conservative Party leadership contest. U.K. opposition parties vowed to block Prime Minister Johnson’s bid for a general election and Parliament passed legislation requiring him to request an additional extension to the Brexit process if he failed to secure an acceptable deal. On the monetary front, the U.S. Federal Reserve (Fed) cut interest rates in July, September, and October to extend the U.S. economic expansion amid a slowdown in growth and trade uncertainty. The European Central Bank (ECB) unveiled a sweeping, long-term economic stimulus package to bolster the Eurozone economy against slowing growth and trade frictions, including an open-ended asset purchase program and more favorable bank lending conditions. In the fourth quarter, waning recession fears and forecasts for improving global growth in 2020 helped to bolster risk sentiment, while geopolitics and trade disputes continued to be major drivers of market volatility. The U.S. canceled tariffs that were scheduled to take effect in an effort to secure a phase one trade deal with China. U.K. equities rose after the Conservative Party’s victory in the general election lifted the uncertainty about the country’s departure from the EU and eliminated concerns about the Labor Party’s plans to nationalize large swaths of the nation’s economy.

During the period, U.S. equities outperformed non-U.S. equities, as measured by the S&P 500 Index and MSCI EAFE Index, respectively, and emerging-market equities underperformed their developed-market counterparts, as measured by the MSCI Emerging Markets Index and MSCI World Index, respectively. Within the MSCI World Growth Index (Net), all sectors posted positive returns during the period. The Information Technology (54%), Materials (34%), and Communication Services (33%) sectors gained the most during the period.

The Fund slightly underperformed the MSCI World Growth Index (Net) during the period. In particular, selection in the Information Technology, Communication Services, and Consumer Staples sectors detracted most from relative performance, which was partially offset by stronger selection in the Financials, Real Estate, and Industrials sectors, all of which contributed positively to relative performance. The Fund’s overweight to the Healthcare, Financials, and Communication Services sectors detracted most from relative performance. However, this was partially offset by an overweight to the Information Technology sector, which contributed positively to relative performance.

The top detractors from the Fund’s performance relative to the MSCI World Growth Index (Net) were an underweight position in Apple (Information Technology), and overweight positions in TD Ameritrade (Financials) and Uber (Industrials). Shares of Apple, which specializes in mobile devices and digital content distribution, outperformed over the period. In Apple management’s second-quarter release, the company announced strong guidance ahead of expectations as iPhone results were not as bad as feared, services remained strong, and wearables surprised to the upside. TD Ameritrade, a U.S.-based online securities broker, announced the departure of CEO Tim Hockey. The news surprised investors and put pressure on the stock price. We sold this position in the Fund in order to invest in more attractive opportunities in our view. The shares of Uber, a technology platform offering transportation and food ordering services, experienced material regulatory and competitive pressures amid inconsistent operating results. Top absolute detractors from Fund performance included Eisai (Healthcare) and Micron Technology (Information Technology).

Top contributors to the Fund’s performance relative to the MSCI World Growth Index (Net) during the period were Advanced Micro Devices (Information Technology), Seattle Genetics (Healthcare), and MediaTek (Information Technology). Shares of Advanced Micro Devices, a semiconductor manufacturer, performed well as the company continued to grow market share across desktop, mobile, and server CPUs. Seattle Genetics, a biotechnology firm focused on developing treatments for cancer, saw its stock price rise during the period after reporting positive Phase 3 results for a drug that treats metastatic breast cancer. Semiconductor chip designer, MediaTek, posted positive results amid

16

Hartford Global Growth HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

rising demand for next generation technologies, such as connected consumer products and 5G internet. Microsoft (Information Technology) was a top absolute contributor to Fund 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 of the end of the period?

Looking ahead, we expect that our focus will remain on stock selection driven by bottom-up, fundamental research, regular meetings with the management of leading companies globally, and leveraging the deep research capabilities of our firm. However, we believe that risks remain on the horizon, including the upcoming U.S. elections, trade negotiations between the U.S. and China, and increased geopolitical tensions globally. We remain focused on seeking companies with improving fundamentals and catalysts that we think should lead to accelerating earnings growth above consensus expectations.

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

Important Risks

Investing involves risk, including the possible loss of principal. The Fund seeks to achieve its investment objective by allocating assets among different portfolio management teams. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. •Mid-cap securities can have greater risk and volatility than large-cap securities. •Different investment styles may go in and out of favor, which may cause the Fund to underperform the broader stock market.

Composition by Country⁽¹⁾

as of December 31, 2019

Country	Percentage of Net Assets
Bermuda		0.7	%
Brazil		0.4
Canada		1.1
China		4.3
France		2.0
Germany		0.6
Hong Kong		1.3
India		0.5
Ireland		0.5
Italy		1.2
Japan		2.0
Netherlands		1.4
Portugal		0.5
Russia		0.5
South Korea		0.5
Spain		0.5
Sweden		1.6
Switzerland		4.0
Taiwan		1.8
United Kingdom		5.8
United States		68.5
Short-Term Investments		1.1
Other Assets & Liabilities		(0.8	)
Total		100.0	%

⁽¹⁾  The table above is based on Bloomberg’s country of risk classifications. For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

17

Hartford Growth Opportunities HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 3/24/1987 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		30.68%		13.76%		14.91%
Class IB		30.35%		13.48%		14.62%
Class IC		30.04%		13.20%		14.34%
Russell 3000 Growth Index		35.85%		14.23%		15.05%
Russell 1000 Growth Index		36.39%		14.63%		15.22%

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. 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. 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 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, 2019, 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA, Class IB and Class IC were 0.65%, 0.90% and 1.15%, respectively. Gross and net

expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

18

Hartford Growth Opportunities HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

Portfolio Managers

Michael T. Carmen, CFA*

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Stephen Mortimer

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

* Effective March 1, 2020, Michael T. Carmen, CFA will no longer serve as a portfolio manager for the Fund.

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford Growth Opportunities HLS Fund returned 30.68% for the twelve-month period ended December 31, 2019, underperforming its benchmarks, the Russell 3000 Growth Index and the Russell 1000 Growth Index, which returned 35.85% and 36.39%, respectively, for the same period. For the same period, the Class IA shares of the Fund also underperformed the 31.17% average return of the Lipper Multi-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending December 31, 2019. During the first quarter of 2019, U.S. equities rallied to their largest quarterly gain since 2009, buoyed by an accommodative shift in U.S. Federal Reserve (Fed) policy and guidance, optimism for a U.S.-China trade deal, relatively strong fourth-quarter 2018 earnings, and corporate buybacks. By the summer of 2019, unresolved U.S. trade frictions with China, Mexico, Japan, and the European Union (EU) unsettled markets and raised concerns about the potential risks to U.S. economic growth from increasing cost pressures, supply chain disruptions, and waning business confidence and investment plans. In the third quarter of 2019, U.S. equities rose for the third consecutive quarter, with the U.S. economy remaining resilient despite elevated geopolitical uncertainties and slowing global growth. U.S.-China trade relations were particularly volatile in the absence of meaningful compromises on key structural issues. Expectations for a protracted trade war between the U.S. and China and the potential for a longer-term decoupling of the world’s two largest economies eroded consumer and business confidence and curtailed capital spending. The Fed lowered its benchmark interest rate in July and September by a combined 0.50% in an effort to sustain the U.S. economic expansion and mitigate the risks of moderating growth and trade frictions. U.S. equity markets surged in the fourth quarter of 2019, as equities benefited from waning recession fears, improved trade sentiment, and accommodative Fed policies. In October, the Fed lowered interest rates for the final time in 2019, cutting rates by 0.25%. Trade tensions were volatile during most of the fourth quarter of 2019 but eased in December after the U.S. and China reached a phase one trade agreement. The U.S. House of Representatives voted to impeach President Trump; however, markets were unaffected given that the Republican-led Senate is unlikely to support his impeachment.

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, all sectors within the Russell 3000 Growth Index rose, led by the Information Technology (+51%) and Communication Services (+34%) sectors. The Energy (+6%) sector lagged on a relative basis.

The Fund’s underperformance versus the Russell 3000 Growth Index was primarily driven by adverse security selection within the Communication Services, Information Technology, and Industrials sectors. Favorable selection within the Healthcare and Consumer Discretionary sectors partially offset negative results. Sector allocation, a residual of the bottom-up stock selection process, also detracted from returns relative to the Russell 3000 Growth Index during the period, due primarily to an underweight allocation to the Information Technology sector and an overweight allocation to the Consumer Discretionary sector.

Top detractors from performance relative to the Russell 3000 Growth Index during the period included Apple (Information Technology), WeWork (Industrials), and Uber Technologies (Industrials). Shares of Apple, a provider of consumer electronics, rose over the year on strong earnings and an increase in sales in its wearable market. Sales of Apple Watch, AirPods, and Beats headphones nearly tripled in the fourth quarter of 2019 on a year-over-year basis. The Fund’s underweight to Apple relative to the Russell 3000 Growth Index detracted from relative performance. WeWork is a real estate company that provides shared workspaces. The company had filed its S-1 registration ahead of an upcoming initial public offering (IPO) which was subsequently pulled. Investor concerns over the CEO and business model viability caused valuations to decline. Shares of Uber, a ride-hailing company, traded lower after the company reported second-quarter revenue that missed expectations and fears of a global slowdown posed difficult conditions. Pinterest (Communication Services) was a top absolute detractor from performance during the period.

Stocks that contributed the most to performance relative to the Russell 3000 Growth Index during the period were Insulet (Healthcare), Advanced Micro Devices (Information Technology), and Shopify (Information Technology). Insulet, a U.S.-based medical device company, performed well during the period. The company reported

19

Hartford Growth Opportunities HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

stronger–than-expected third-quarter 2019 results, beating consensus estimates. Furthermore, Insulet gained Federal Drug Administration (FDA) approval for the use of Novo Nordisk’s Fiasp, a fast-acting insulin. Shares of Advanced Micro Devices (AMD), a semiconductor company, rose towards the end of the period after Microsoft unveiled several new Surface laptops using AMD CPU chips. This was viewed by investors as a positive for AMD’s latest CPUs and its competitive positioning against its competitor, Intel. The company also benefited from the announcement of a phase one trade deal between the U.S. and China. Shares of Shopify, a global commerce company, rose during the period. The company reported better-than-expected results driven by international expansion and increased its 2019 income forecast guidance. Amazon (Consumer Discretionary) was a top absolute contributor to performance.

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 of the end of the period?

Looking ahead, we have a slightly more positive outlook from a macro standpoint as we begin 2020. We believe U.S. economic fundamentals remain solid, and we believe valuations are reasonable. U.S.-China trade tensions have eased, and, barring any re-escalation or additional tariffs, we believe growth may resume. Though the upcoming U.S. election creates some uncertainty, the chances of a more pro-market outcome have increased. Across the Fund, we seek to take a balanced view and weigh potential risk and reward.

At the end of the period, our bottom-up investment approach resulted in the Fund’s overweight exposures to the Consumer Discretionary, Healthcare, and Financials sectors, relative to the Russell 3000 Growth Index. The Fund’s largest underweights relative to the Russell 3000 Growth Index were to the Information Technology, Consumer Staples, and Real Estate sectors, at the end of the period.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. •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 adverse developments occur. •Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market.

Composition by Sector⁽¹⁾

as of December 31, 2019

Sector	Percentage of Net Assets
Equity Securities
Communication Services		10.9	%
Consumer Discretionary		23.6
Consumer Staples		1.0
Financials		3.6
Health Care		19.6
Industrials		10.1
Information Technology		29.8
Real Estate		0.2
Total		98.8	%
Short-Term Investments		3.7
Other Assets & Liabilities		(2.5	)
Total		100.0	%

⁽¹⁾  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.

20

Hartford Healthcare HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 5/01/2000 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		33.95%		10.58%		16.19%
Class IB		33.68%		10.31%		15.90%
S&P Composite 1500 Health Care Index		20.87%		10.69%		15.17%
S&P 500 Index		31.49%		11.70%		13.56%

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. 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. 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 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, 2019, 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.89% and 1.14%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

21

Hartford Healthcare HLS Fund

Fund Overview – (continued)

December 31, 2019 (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

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford Healthcare HLS Fund returned 33.95% for the twelve-month period ended December 31, 2019, outperforming the Fund’s benchmarks, the S&P Composite 1500 Health Care Index, which returned 20.87%, and the S&P 500 Index, which returned 31.49%, for the same period. For the same period, the Class IA shares of the Fund outperformed the 26.24% 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?

U.S. healthcare equities (+21%) underperformed the broader U.S. equity market (+31%) and global equity market (+28%) during the period, as measured by the S&P Composite 1500 Healthcare Index, S&P 500 Index, and the MSCI World Index, respectively. Within the S&P Composite 1500 Health Care Index, the Medical Technology sector returned +29%, the Healthcare Services sector returned +21%, the Large-cap Biopharma sector returned +16%, the Mid-cap Biopharma sector returned +9%, and the Small-cap Biopharma sector returned -5%.

The Fund outperformed the S&P Composite 1500 Health Care Index over the period due primarily to favorable security selection decisions. Security selection was strongest in the Small- and Mid-cap Biopharma sectors. Sector allocation detracted from performance relative to the S&P Composite 1500 Health Care Index during the period. An overweight to the Small- and Mid-cap Biopharma sectors detracted from relative results during the period, more than offsetting positive results from an underweight to the Large-cap Biopharma sector.

Medicines Co. (Mid-cap Biopharma), Seattle Genetics (Mid-cap Biopharma), and Loxo Oncology (Mid-cap Biopharma) were the top contributors to performance relative to the S&P Composite 1500 Health Care Index during the period. Medicines Co. and Novartis announced an agreement in which Novartis would acquire Medicines Co. for $9.7 billion, or $85 per share, reflecting a 41% premium to the stock’s 30-day volume weighted average price prior to the announcement. Upon this news, we eliminated the position to take profits. Seattle Genetics is a biopharmaceutical company that develops monoclonal antibody-based targeted therapies for the treatment of cancer and autoimmune diseases. Shares outperformed over the period, most notably driven by positive trial results of the drug tucatinib, which met the primary endpoint of progression-free survival in treating patients with certain types of

breast cancer. Loxo Oncology, a U.S.-based oncology-focused biopharmaceutical company, agreed to be acquired by Eli Lilly at a 68% premium in January 2019, and we subsequently eliminated the position in the Fund to take profits. The three names above were also the top contributors to absolute performance during the period.

Alkermes (Mid-cap Biopharma), Celgene (Large-cap Biopharma), and Wave Life Sciences (Small-cap Biopharma) detracted most from results relative to the S&P Composite 1500 Health Care Index over the period. Shares of Alkermes, a biopharmaceutical company commercializing neuropsychiatric drugs, detracted from relative returns, as the company reported disappointing first-quarter sales for one of its key growth products, Aristada. However, the company has a phase III drug, which is anticipated to be a safer version of the generic drug Zyprexa, used for treating schizophrenia and bipolar 1 disorder. The drug has shown positive results and a new drug application was submitted to the Food and Drug Administration (FDA) in November. The Fund’s underweight position in Celgene detracted from relative performance as shares traded higher on news that Bristol-Myers Squibb was acquiring the firm at a significant premium. Subsequently, we eliminated the position in the Fund after the news was reflected in the stock price. Wave Life Sciences is developing drugs for neurological and neuromuscular disorders. The stock’s price went down sharply on the surprise announcement that the company would be discontinuing its Duchenne muscular dystrophy program due to lack of efficacy. Additionally, the company released data for its drug being studied for use in treating Huntington’s disease, which showed disappointing efficacy and a dose-dependent response. Amneal Pharmaceuticals (biopharma) was a top detractor from absolute performance during the period.

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

What is the outlook as of the end of the period?

Looking ahead to 2020, we are cautiously optimistic about the sector’s prospects, despite the upcoming presidential elections and potential macro overhang. Key focus areas for investors include the proposed nationalization of healthcare in the form of “Medicare for All,” as proposed by several leading Democratic candidates for president, and the potential for greater governmental involvement in drug pricing, some form of which seems to enjoy bipartisan support. Despite the heightened election-year rhetoric, we continue to believe that fundamental structural reform of the U.S. healthcare system is unlikely. We believe “Medicare

22

Hartford Healthcare HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

for All” has little chance of becoming law regardless of the outcome of the 2020 elections. As for drug pricing, the biotech and pharma industry groups have stated that they would willingly relinquish some of their profits in order to reduce patient out-of-pocket drug costs and thus hopefully avoid the worst-case outcome of drug price-setting by the government. Whether any drug pricing legislation or regulation comes to pass remains to be seen, as politicians in Washington D.C. are currently preoccupied with other issues in our view.

In selecting stocks for the Fund, we seek companies that develop innovative products designed to address important unmet medical needs. Over the long term, we believe that innovation, an aging population, and the globalization of demand for cutting-edge Western-style medicines may continue to drive growth of the sector.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Risks of focusing investments on the healthcare related sector include regulatory and legal developments, patent considerations, intense competitive pressures, rapid technological changes, potential product obsolescence, and liquidity risk. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. •Small- and mid-cap securities can have greater risk and volatility than large-cap securities.

Composition by Subsector⁽¹⁾

as of December 31, 2019

Subsector	Percentage of Net Assets
Equity Securities
Biotechnology		23.5	%
Health Care Equipment & Supplies		23.7
Health Care Providers & Services		15.4
Health Care Technology		1.2
Life Sciences Tools & Services		8.4
Pharmaceuticals		26.8
Total		99.0	%
Short-Term Investments		2.7
Other Assets & Liabilities		(1.7	)
Total		100.0	%

⁽¹⁾  For Fund compliance purposes, the Fund may not use the same classification system. These subsector classifications are used for financial reporting purposes.

23

Hartford High Yield HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 9/30/1998 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		15.06%		5.50%		7.09%
Class IB		14.73%		5.23%		6.82%
Bloomberg Barclays U.S. Corporate High Yield Bond Index		14.32%		6.13%		7.57%

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. 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. 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 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, 2019, 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 prior to 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.78% and 1.03%, respectively. Gross and net expenses are the same. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

24

Hartford High Yield HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

Portfolio Manager

Christopher A. Jones, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford High Yield HLS Fund returned 15.06% for the twelve-month period ended December 31, 2019, outperforming its benchmark, the Bloomberg Barclays U.S. Corporate High Yield Index, which returned 14.32% for the same period. For the same period, the Class IA shares of the Fund outperformed the 13.65% 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 largely positive total returns, driven by a decline in sovereign debt yields across most markets – particularly in the first three quarters of 2019. By the end of the period, yields increased across most markets amid stabilizing global activity indicators and progress on trade talks, despite continued accommodative global central bank policies. Geopolitical uncertainty remained elevated amid ongoing trade talks between the United States (U.S.) and China, negotiations surrounding the United Kingdom’s (U.K.’s) exit from the European Union (EU), also known as “Brexit”, and U.S. presidential impeachment proceedings. Despite these concerns, corporate bond spreads tightened due to optimism that monetary accommodation could offset the drag on global growth from restrictive trade policies. The U.S. dollar cemented its safe-haven status, strengthening versus most currencies amid trade frictions and slowing global growth prospects. Inflation showed no meaningful acceleration even as wage growth edged higher.

Global monetary policies continued along a more accommodative path, in aggregate. The U.S. Federal Reserve (Fed) cut interest rates three times before deciding to take a more patient approach on future adjustments. Meanwhile, the European Central Bank (ECB) launched a package of stimulus measures, including an interest rate cut, resumption of asset purchases that the central bank plans to continue “as long as necessary,” and the introduction of tiered deposit rates to exempt banks from negative interest rates. The Bank of Japan (BoJ) maintained its short-term negative interest rate policy, while pledging to guide 10-year government bonds to around 0.0%. The Norges Bank, an outlier among major central banks this year, increased interest rates three times but trimmed the projected path for interest rate increases, citing global uncertainties.

For much of 2019, sovereign debt yields fell due to global economic uncertainty, accommodative shifts by central banks, and escalating trade tensions. However, yields began to increase as U.S.-China trade tensions softened later in the year. A flight to safe-haven assets earlier in the year – in addition to accommodative Fed policy – led to a decline in U.S. yields. As German bund yields fell to record lows over the year – and the entire German yield curve fell into negative territory by August – investors seeking yield put their money to work in the U.S. Persistent Brexit uncertainty contributed positively to lower yields in the U.K., while

Australian yields also dipped over the period, due to accommodative rhetoric from the Reserve Bank of Australia and weak economic data.

The Canadian dollar outperformed all major currencies in 2019, as solid economic data and higher interest rates relative to the rest of the world supported the currency. The U.S. dollar performed well against most currencies throughout the year but slid in the final months of 2019 following favorable trade policy developments. After a volatile year filled with concerns over Brexit negotiations, the British pound finished the year as the second-best performing major currency. Slowing Eurozone economic data and political uncertainty prompted weakness in the euro. The Chinese renminbi declined amid U.S.-China trade tensions and an easing of monetary policy.

Most major credit risk sectors posted positive returns over the period, against a backdrop of accommodative global central bank policies and improvements in U.S.-China trade talks. Higher-yielding sectors outperformed investment-grade credit, benefiting from continued investor demand for yield-producing assets.

The Bloomberg Barclays U.S. Corporate High Yield Index returned 14.32% for the twelve months ended December 31, 2019 and outperformed duration-equivalent Treasuries by 9.34%. The option-adjusted spread (OAS) of the index was 3.36% on December 31, 2019, which was tighter than it was twelve months ago (5.26%).

During the period, sector allocation decisions modestly detracted from the Fund’s returns relative to the Bloomberg Barclays U.S. Corporate High Yield Index, mainly driven by the Fund’s overweight allocation to the Energy sector and underweight to the Retail sector. This was partially offset by overweights to the Gaming and Financial Institutions sectors, which contributed positively to relative returns.

However, security selection decisions were strong contributors to returns relative to the Bloomberg Barclays U.S. Corporate High Yield Index, primarily driven by selection within the Energy and Financial Institutions sectors. This was partially offset by weaker selection in the Metals and Mining and Home Construction sectors, which detracted from relative performance.

Positioning in securities with higher credit quality detracted from performance relative to the Bloomberg Barclays U.S. Corporate High Yield Index during the period, primarily due to an underweight to BB rated securities.

Over the period, the Fund had a small position in the High Yield Credit Default Swap Index (CDX). The Fund’s CDX position was used for liquidity purposes and for tactically adjusting the risk posture of the Fund. This position had a positive impact on performance during the period.

The Fund also used other types of derivatives on a limited basis during the period for risk management purposes. Over the trailing twelve months, the Fund employed currency forwards to minimize active

25

Hartford High Yield HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

currency risk from investments in non-dollar-denominated securities. Although we typically view currency forwards in conjunction with the securities intended to be hedged, on a standalone basis the currency forwards contributed positively to performance relative to the Bloomberg Barclays U.S. Corporate High Yield Index over the period.

What is the outlook as of the end of the period?

We expect range-bound high-yield spreads in 2020 with pockets of volatility presenting attractive opportunities in our view. We assign a low probability of U.S. and euro area recession in 2020, but the longer-term macro outlook remains unclear. We believe that issuer fundamentals across high-yield issuers remain solid overall as of the end of the period, but have been weakening modestly. We view spreads on CCC-rated debt as attractive and believe selectively increasing exposure to CCC rated issuers with improving credit profiles is prudent. While we believe selectively owning CCC rated bonds presents good total return opportunities, we also expect bouts of spread widening around developments on the U.S. presidential campaign, Brexit, Italian politics, and emerging markets growth that we believe will present attractive investment opportunities. We favor the Gaming sector due to favorable consumer trends and low expected supply growth; however, we remain cautious on the Retail sector, which suffers from secular decline, as brick-and-mortar stores continue to lose market share to e-commerce companies.

The Fund ended the period with the largest overweights to the Technology and Gaming sectors and the largest underweights to the Retail and Media and Entertainment sectors. From a credit quality perspective, the Fund was overweight B rated and underweight BB rated and CCC and below-rated securities.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. •Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. •Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. •Restricted securities may be more difficult to sell and price than other securities.

Composition by Security Type⁽¹⁾

as of December 31, 2019

Category	Percentage of Net Assets
Equity Securities
Common Stocks		0.9	%
Escrows		0.9
Total		1.8	%
Fixed Income Securities
Convertible Bonds		1.1	%
Corporate Bonds		89.1
Senior Floating Rate Interests		5.2
Total		95.4	%
Short-Term Investments		1.5
Other Assets & Liabilities		1.3
Total		100.0	%

⁽¹⁾  For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

26

Hartford International Opportunities HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 7/02/1990 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		26.43%		5.83%		6.26%
Class IB		26.14%		5.57%		6.00%
MSCI ACWI ex USA Index (Net)		21.51%		5.51%		4.97%

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. 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. 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 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, 2019, 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.73% and 0.98%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

27

Hartford International Opportunities HLS Fund

Fund Overview – (continued)

December 31, 2019 (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

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA of the Hartford International Opportunities HLS Fund returned 26.43% for the twelve-month period ended December 31, 2019, outperforming its benchmark, the MSCI All Country World (ACWI) ex USA Index (Net), which returned 21.51% for the same period. For the same period, the Class IA shares of the Fund underperformed the 26.82% 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?

For the twelve-month period ended December 31, 2019, international equities rose 21.51%, as measured by the MSCI ACWI ex USA Index (Net). In the first quarter of 2019, both United States (U.S.) and international markets recovered from a weak fourth quarter 2019 and surged due to productive trade negotiations between the U.S. and China, as well as by accommodative rhetoric and policy actions from the major central banks. The United Kingdom’s (U.K.’s) plan to leave the European Union (EU), also known as “Brexit,” remained a key area of concern with the British Parliament rejecting U.K. Prime Minister Theresa May’s deal for the third time. Oil prices benefited equity markets in a number of emerging markets countries, including Colombia and Russia. In the second quarter of 2019, trade tensions between China and the U.S. escalated in May but eased at the end of the quarter after the two countries agreed at the G20 summit to resume trade negotiations. Brexit was a major concern for the markets, with the U.K. avoiding an abrupt no-deal departure after the EU leaders granted the U.K. a flexible extension until October 31, 2019. U.K. Prime Minister Theresa May announced that she would resign on June 7, 2019 after failing to secure a Brexit deal. In the third quarter of 2019, Boris Johnson was appointed as the new Prime Minister of the U.K. after his victory in the Conservative Party leadership contest. U.K. opposition parties vowed to block Prime Minister Johnson’s bid for a general election, and Parliament passed legislation requiring him to request an extension to the Brexit process if he failed to secure an acceptable deal. On the monetary front, the European Central Bank (ECB) unveiled a sweeping, long-term economic stimulus package to bolster the Eurozone economy against slowing growth and trade frictions, including an open-ended asset purchase program and more favorable bank lending conditions.

Emerging-markets equities lagged in the third quarter as Chinese equities were affected by trade tensions and slowing economic growth. Argentina’s stock market collapsed in August 2019 following President Mauricio Macri’s unexpected defeat by left-wing opposition leader Alberto Fernandez in the national primary elections. In the fourth quarter of 2019, waning recession fears and forecasts for improving global

growth in 2020 helped to bolster risk sentiment among investors, while geopolitics and trade disputes continued to be major drivers of market volatility. The U.S. canceled tariffs that were scheduled to take effect on December 15, 2019 in an effort to secure a phase one trade deal with China. U.S. President Donald Trump subsequently announced that the first phase of a trade agreement would be signed on January 15, 2020, providing significant relief to global markets. U.K. equities rose after the Conservative Party’s victory in the general election lifted the uncertainty about the country’s departure from the EU and eliminated concerns about the Labor Party’s plans to nationalize large swaths of the nation’s economy. Chinese equities rebounded strongly during the fourth quarter of 2019, rebounding from the third quarter of 2019 amid the renewed trade optimism. Brazil also saw strong equity performance amidst signs of steady growth, declining inflation, and accommodative monetary policy. Finally, Argentina also recovered some of its prior quarter losses, bolstered by greater transparency into the new government’s plans to renegotiate public debt and alleviate pressing social issues.

During the period, U.S. equities outperformed non-U.S. equities, as measured by the S&P 500 Index and MSCI EAFE Index, respectively, and developed-market equities outperformed their emerging-market counterparts, as measured by the MSCI World Index and MSCI Emerging Markets Index, respectively. Within the MSCI ACWI ex USA Index (Net), all of the eleven sectors posted positive returns during the period; the Information Technology (+41%), Healthcare (+28%), and Consumer Discretionary (+28%) sectors were the top performers.

Security selection effects drove the Fund’s outperformance relative to the MSCI ACWI ex USA Index (Net) during the period. Selection was strongest within the Consumer Discretionary, Communication Services, and Financials sectors. This was partially offset by weaker selection within the Information Technology sector, which detracted from relative performance during the period. Sector allocation, a result of our bottom-up security selection process, was a slight contributor to performance relative to the MSCI ACWI ex USA Index (Net) during the period. Relative underweights to the Energy and Financials sectors benefited results, while an overweight to the Communication Services sector partially detracted from relative performance. On a regional basis, security selection within Europe and Emerging Markets made notable positive contributions.

New Oriental Education (Consumer Discretionary), Cellnex Telecom (Communication Services), and Ferrari (Consumer Discretionary) were among the top contributors to the Fund’s performance relative to the MSCI ACWI ex USA Index (Net) during the period. New Oriental Education is a China-based educational services provider. The stock price rose following the company’s release of its fiscal year second quarter 2019 earnings in which revenue, margin, and guidance came in

28

Hartford International Opportunities HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

ahead of expectations thanks to strong momentum from the K12 segment. Shares of Cellnex, the largest independent European wireless tower operator, performed strongly after it announced the acquisition of a portfolio of towers in Italy, France, and Switzerland. Mergers & acquisitions (M&A) is a part of our investment thesis for Cellnex, and we expect the company to create value for shareholders over time by increasing tenancy ratios and driving asset efficiency from its growing asset base. The stock price for Ferrari performed well in the latter part of the twelve-month period as the Italy-based luxury sports car manufacturer posted strong first-quarter 2019 earnings which exceeded consensus expectations.

Top detractors from performance relative to the MSCI ACWI ex USA Index (Net) during the period included Unilever (Consumer Staples), Sony (Consumer Discretionary), and EnCana (Energy). Shares of Unilever fell during the latter half of the period as management announced sales were expected to miss their target for the 2019 fiscal year, citing a slowdown in the South Asia region which had been a growth driver for the company. Weakness in North America and West Africa also weighed on expectations. Sony’s stock price dropped after reporting lower-than-expected quarterly revenue led by losses within the company’s financial services division. We sold this position early in the period in favor of other opportunities. Encana is a Canadian based exploration and production (E&P) company. The company’s stock price fell over the period following the company’s mixed first-quarter 2019 earnings release, in which production came in below consensus.

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 of the end of the period?

We continue to look for indications of a stronger rebound in an environment of weakening global economic data and increasing trade-related tensions. Major central banks have signaled their willingness to pursue further accommodative policy measures to support the expansion. While we believe the economic backdrop may be supportive for some parts of the equity market, there remain unresolved risks, like the U.S.-China trade dispute, which we continue to closely monitor. In our view, this issue is likely to remain unresolved in the near-term given the multitude of issues that need to be addressed. While China remains a large component of the Fund’s opportunity set, we remain mindful that economic and political uncertainty may continue to weigh on sentiment and cause further bouts of volatility. Currently, the majority of the Fund’s exposure in China continues to be in business models that are less tied to the economic cycle and have compelling valuation in our view. We believe the Brexit issue will have broader implications for economic progress in Europe as a whole. The Fund’s positioning is a result of our bottom-up stock selection, and we will continue to monitor any future developments for potential opportunities and risks. While the environment is not supportive of an aggressive shift, we continue to look for opportunities in economically sensitive names that are attractively valued in our view. Across sectors, we continue to seek companies that are able to exploit technologies to bring significant positive change for the market they are addressing. This could be in terms of a company’s unique business model, differentiated process, or a new product. Overall, our investment approach leads us to seek companies with the potential to improve or sustain return on invested capital to a degree that the market underestimates. At the end of the period, the Fund’s largest

overweights were in the Industrials and Communication Services sectors. The Fund was most underweight to the Materials and Financials sectors. From a regional perspective, the Fund’s largest overweight was to developed markets across Europe and the Middle East (ex U.K.), and the Fund was most underweight to Developed Asia Pacific ex Japan.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. •Mid-cap securities can have greater risks and volatility than large-cap securities. •The Fund’s focus on investments in particular sectors, geographic regions or countries may increase its volatility and risk of loss if adverse developments occur.

Composition by Sector⁽¹⁾

as of December 31, 2019

Sector	Percentage of Net Assets
Equity Securities
Communication Services		9.2	%
Consumer Discretionary		11.5
Consumer Staples		7.9
Energy		4.9
Financials		19.5
Health Care		9.6
Industrials		14.5
Information Technology		9.3
Materials		3.7
Real Estate		3.9
Utilities		4.7
Total		98.7	%
Short-Term Investments		1.4
Other Assets & Liabilities		(0.1	)
Total		100.0	%

⁽¹⁾  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.

29

Hartford MidCap HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 7/14/1997 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		32.87%		11.73%		13.92%
Class IB		32.49%		11.45%		13.63%
S&P MidCap 400 Index		26.20%		9.03%		12.72%

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. 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. 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 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, 2019, 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.69% and 0.94%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

30

Hartford MidCap HLS Fund

Fund Overview – (continued)

December 31, 2019 (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

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford MidCap HLS Fund returned 32.87% for the twelve-month period ended December 31, 2019, outperforming its benchmark, the S&P MidCap 400 Index, which returned 26.20% for the same period. For the same period, the Class IA shares of the Fund underperformed the 33.39% 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?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending December 31, 2019. During the first quarter of 2019, U.S. equities rallied to their largest quarterly gain since 2009, buoyed by an accommodative shift in U.S. Federal Reserve (Fed) policy and guidance, optimism for a U.S.-China trade deal, relatively strong fourth-quarter 2018 earnings, and corporate buybacks. By the summer of 2019, unresolved U.S. trade frictions with China, Mexico, Japan, and the European Union (EU) unsettled markets and raised concerns about the potential risks to U.S. economic growth from increasing cost pressures, supply chain disruptions, and waning business confidence and investment plans. In the third quarter of 2019, U.S. equities rose as the U.S. economy remained resilient despite elevated geopolitical uncertainties and slowing global growth. U.S.-China trade relations were particularly volatile in the absence of meaningful compromises on key structural issues. Expectations for a protracted trade war and the potential for a longer-term decoupling of the world’s two largest economies eroded consumer and business confidence and curtailed capital spending. The Fed lowered its benchmark interest rate in July and September by a combined 0.50% in an effort to sustain the U.S. economic expansion and mitigate the risks of moderating growth and trade frictions. U.S. equity markets surged in the fourth quarter of 2019, as equities benefited from waning recession fears, improved trade sentiment, and accommodative Fed policies. In October, the Fed lowered interest rates for the final time in 2019, cutting rates by 0.25%. Trade tensions were volatile during the fourth quarter of 2019 but eased in December after the U.S. and China reached a phase one trade agreement. The U.S. House of Representatives voted to impeach President Trump; however, markets were unaffected as a Republican-led Senate is unlikely to support his impeachment.

Returns during the period varied by market cap. Small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively, underperformed large-cap equities, as measured by the S&P 500 Index. Ten of the eleven sectors within the S&P MidCap 400 Index posted positive returns during the period, led by the

Information Technology (+43%), Industrials (+34%), and Consumer Discretionary (+27%) sectors. The Energy (-12%), Consumer Staples (+11%), and Utilities (+13%) sectors were the worst performers.

Both selection and allocation effects contributed positively to the Fund’s performance during the period relative to the S&P MidCap 400 Index. From a selection standpoint, positive results were driven by strong selection in the Healthcare, Consumer Discretionary, and Industrials sectors. This more than offset weaker selection in the Information Technology, Communication Services, and Utilities sectors. Sector allocation, a result of the bottom-up security selection process, also contributed positively to relative performance over the period. An overweight to the Information Technology sector contributed the most to relative returns, followed by an underweight to the Energy sector. Additionally, a relative underweight to the Healthcare sector partially offset results.

Top contributors to the Fund’s performance relative to the S&P MidCap 400 Index during the period included Roku (Communication Services), Seattle Genetics (Healthcare), and Fair Isaac (Information Technology). Roku is a manufacturer of a variety of digital media players that allow customers to access internet-streamed video or audio services through televisions. The stock price rose on the back of strong quarterly results. Seattle Genetics is a biotechnology company focused on developing and commercializing innovative, empowered monoclonal antibody-based therapies for the treatment of cancer. The share price rose due to sales growth of the company’s blood cancer drug and positive trial results for a first-line treatment of bladder cancer. Fair Isaac, a provider of analytics, software and data management products, rose after reporting strong, broad-based, fiscal fourth-quarter revenue and earnings as well as solid cash flow generation. As of the end of the period, the Fund continued to hold all three positions.

Top detractors from the Fund’s returns relative to the S&P MidCap 400 Index during the period included Teradata (Information Technology), TripAdvisor (Communication Services), and 2U (Information Technology). Teradata declined throughout the year as the company experienced revenue challenges, cut its full-year adjusted earnings outlook and announced that its chief executive officer was leaving. As of the end of the period, the Fund continued to hold a position in this company. Shares of TripAdvisor fell after reporting revenue and earnings misses in the first and second quarter of 2019, respectively. The effects were compounded by negative market sentiment regarding the company’s hotels and auction businesses. We eliminated the Fund’s position late in the period in favor of other ideas. Shares of 2U, the education technology company that enables the online delivery of university graduate programs and non-degree offerings, declined as the company lowered guidance for the full year due to a slowdown in the

31

Hartford MidCap HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

revenue growth for the graduate program segment. We eliminated the Fund’s position on concerns for rising competitive intensity in that segment.

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 of the end of the period?

We believe the Fed’s accommodative policy stance has enhanced confidence that the U.S. economy can continue to grow. However, volatility in equity markets will likely remain driven by geopolitical risks. We anticipate slower growth in 2020 than we saw in 2019.

Based on our bottom-up, company-specific research and stock selection, as of the end of the period, the Fund was most overweight to the Information Technology, Healthcare, and Industrials sectors and most underweight to the Real Estate, Materials, and Financials sectors relative to the S&P MidCap 400 Index.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •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 adverse developments occur.

Composition by Sector⁽¹⁾

as of December 31, 2019

Sector	Percentage of Net Assets
Equity Securities
Communication Services		2.5	%
Consumer Discretionary		11.2
Consumer Staples		0.2
Energy		0.4
Financials		13.2
Health Care		19.4
Industrials		16.6
Information Technology		28.6
Materials		2.7
Real Estate		2.2
Utilities		2.2
Total		99.2	%
Short-Term Investments		0.7
Other Assets & Liabilities		0.1
Total		100.0	%

⁽¹⁾  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.

32

Hartford MidCap Growth HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 5/01/1998 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		39.79%		9.81%		12.78%
Class IB		39.56%		9.55%		12.51%
Russell Midcap Growth Index		35.47%		11.60%		14.24%

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. 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. 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 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, 2019, 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 prior to 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.

Performance information prior to November 1, 2018, includes the Fund’s performance when it pursued different strategies. For more information, please see the Fund’s statutory prospectus.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.91% and 1.16%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

33

Hartford MidCap Growth HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

Portfolio Manager

Timothy N. Manning

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford MidCap Growth HLS Fund returned 39.79% for the twelve-month period ended December 31, 2019, outperforming its benchmark, the Russell Midcap Growth Index, which returned 35.47%. For the same period, the Class IA shares of the Fund also outperformed the 33.39% 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?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ended December 31, 2019. During the first quarter of 2019, U.S. equities rallied to their largest quarterly gain since 2009, buoyed by an accommodative shift in U.S. Federal Reserve (Fed) policy and guidance, optimism for a U.S.-China trade deal, relatively strong fourth-quarter 2018 earnings, and corporate buybacks. By the summer of 2019, unresolved U.S. trade frictions with China, Mexico, Japan, and the European Union (EU) unsettled markets and raised concerns about the potential risks to U.S. economic growth from increasing cost pressures, supply chain disruptions, and waning business confidence and investment plans. In the third quarter of 2019, U.S. equities rose as the U.S. economy remained resilient despite elevated geopolitical uncertainties and slowing global growth. U.S.-China trade relations were particularly volatile in the absence of meaningful compromises on key structural issues. Expectations for a protracted trade war between the U.S. and China and the potential for a longer-term decoupling of the world’s two largest economies eroded consumer and business confidence and curtailed capital spending. The Fed lowered its benchmark interest rate in July and September by a combined 0.50% in an effort to sustain the U.S. economic expansion and mitigate the risks of moderating growth and trade frictions. U.S. equity markets surged in the fourth quarter of 2019, as equities benefited from waning recession fears, improved trade sentiment, and accommodative Fed policies. In October, the Fed lowered interest rates for the final time in 2019, cutting rates by 0.25%. Trade tensions were volatile during the fourth quarter of 2019 but eased in December after the U.S. and China reached a phase one trade agreement. The U.S. House of Representatives voted to impeach President Trump; however, markets were unaffected as a Republican-led Senate is unlikely to support his impeachment.

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. All eleven sectors in the Russell Midcap Growth Index posted positive absolute returns during the period. The Information Technology (+44%), Real Estate (+39%), and Industrials (+38%) sectors rose the most, while the Energy (+8%) and Consumer Staples (+21%) sectors lagged the broader Russell Midcap Growth Index during the period.

The Fund’s outperformance relative to the Russell Midcap Growth Index during the period was driven by strong stock selection, particularly in the Information Technology, Industrials, and Communication Services sectors. This was partially offset by weak selection in the Consumer Discretionary sector. Sector allocation, a product of the Fund’s bottom-up stock-selection process, slightly aided relative returns during the period. An underweight to the Energy and Consumer Staples was the largest contributor to relative performance, although it was partially offset by the negative impact from the Fund’s overweight allocations to the Healthcare and Consumer Discretionary sectors.

The largest contributors to the Fund’s performance relative to the Russell Midcap Growth Index during the period were Ceridian (Information Technology), DocuSign (Information Technology), and Global Payments (Information Technology). Shares of Ceridian, a human capital management (HCM) software company, rose on strong margin improvement that was driven by longer-tenured customers which have significantly lower cost of service. Docusign, an electronic signature solutions company, rose in price after management announced reaccelerating top-line growth and raised forward guidance in its second-quarter 2019 earnings release. Shares of Global Payments, a provider of payment technology services, have benefited from stable organic revenue growth across its three geographies despite foreign exchange challenges. IHS Markit (Industrials) was among the top absolute contributors to performance during the period.

The largest detractors from the Fund’s performance relative to the Russell Midcap Growth Index during the period were Expedia Group (Consumer Discretionary), Bluebird Bio (Healthcare), and Elanco Animal Health (Healthcare). Expedia, an online travel services company that offers a range of travel shopping and reservation services, detracted after management reported a modestly weaker quarter than expected and significantly lowered their guidance for 2019 in the fourth quarter. We used this as an opportunity to modestly add to the position. The stock for Bluebird Bio has been a weak performer in the last quarter of the period, primarily related to concerns about increasing competition in multiple myeloma and beta-thalassemia. Although we acknowledge that the competitive environment is intensifying, the markets are large, and as of the end of the period, we continued to hold the position in the Fund as we continue to believe in our investment thesis. Elanco Animal Health, a U.S.-based animal health business spun out from Eli Lilly, declined due to negative sentiment surrounding an agreement to buy Bayer’s Animal Health business, making Elanco the second-largest player in Animal Health behind Zoetis. We were disappointed with this pivot in strategy and eliminated the Fund’s position during the period. 2U (Information Technology) was among the top absolute detractors 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.

34

Hartford MidCap Growth HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

What is the outlook as of the end of the period?

For the first few months of 2019, the broad markets were generally strong. As we entered the summer, geopolitical concerns such as tariffs and an inverted yield curve stoked fears of possible recession if not slowing global growth. Later in the year, the mood shifted yet again with the market expressing more risk appetite. As we begin 2020, we continue to believe the U.S. economy is on solid footing and that accommodative policy from global central banks and improving trade relations between the U.S. and China may provide a solid backdrop.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Mid-cap securities can have greater risk and volatility than large-cap securities. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur. •Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market.

Composition by Sector⁽¹⁾

as of December 31, 2019

Sector	Percentage of Net Assets
Equity Securities
Communication Services		5.9	%
Consumer Discretionary		22.8
Financials		3.4
Health Care		13.2
Industrials		14.8
Information Technology		36.6
Real Estate		2.3
Total		99.0	%
Short-Term Investments		1.8
Other Assets & Liabilities		(0.8	)
Total		100.0	%

⁽¹⁾  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.

35

Hartford MidCap Value HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 4/30/2001 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		31.20%		7.23%		11.40%
Class IB		30.88%		6.97%		11.12%
Russell Midcap Value Index		27.06%		7.62%		12.41%
Russell 2500 Value Index		23.56%		7.18%		11.25%

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. 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. 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 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, 2019, 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 3/31/19, the Russell 2500 Value Index is no longer one of the Fund’s benchmarks. Hartford Funds Management Company, LLC, the investment manager, believes that the Russell MidCap Value Index better reflects the Fund’s investment strategy.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

As shown in the Fund’s current prospectus, the gross expense ratios are as follows: 0.85% (Class IA) and 1.10% (Class IB). The net expense ratios are as shown in the Fund’s current prospectus as follows: 0.81% (Class IA) and 1.06% (Class IB). Gross expenses do not reflect fee waiver arrangements. Net expenses reflect such arrangements, which remain in effect until April 30, 2020 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

36

Hartford MidCap Value HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

Portfolio Manager

Gregory J. Garabedian

Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford MidCap Value HLS Fund returned 31.20% for the twelve-month period ended December 31, 2019, outperforming the Fund’s benchmarks, the Russell Midcap Value Index, which returned 27.06%, and the Russell 2500 Value Index, which returned 23.56% for the same period. For the same period, the Class IA shares of the Fund also outperformed the 24.76% average return of the Lipper Mid-Cap Value Fund peer group, a group of funds with investment strategies similar to those of the Fund. Effective March 31, 2019, the Russell 2500 Value Index is no longer one of the Fund’s benchmarks.

Why did the Fund perform this way?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending December 31, 2019. During the first quarter of 2019, U.S. equities rallied to their largest quarterly gain since 2009, buoyed by an accommodative shift in U.S. Federal Reserve (Fed) policy and guidance, optimism for a U.S.-China trade deal, relatively strong fourth-quarter 2018 earnings, and corporate buybacks. By the summer of 2019, unresolved U.S. trade frictions with China, Mexico, Japan, and the European Union (EU) unsettled markets and raised concerns about the potential risks to U.S. economic growth from increasing cost pressures, supply chain disruptions, and waning business confidence and investment plans. In the third quarter of 2019, U.S. equities rose with the U.S. economy remaining resilient despite elevated geopolitical uncertainties and slowing global growth. U.S.-China trade relations were particularly volatile in the absence of meaningful compromises on key structural issues. Expectations for a protracted trade war between the U.S. and China and the potential for a longer-term decoupling of the world’s two largest economies eroded consumer and business confidence and curtailed capital spending. The Fed lowered its benchmark interest rate in July and September by a combined 0.50% in an effort to sustain the U.S. economic expansion and mitigate the risks of moderating growth and trade frictions. U.S. equity markets surged in the fourth quarter of 2019, as equities benefited from waning recession fears, improved trade sentiment, and accommodative Fed policies. In October, the Fed lowered interest rates for the final time in 2019, cutting rates by 0.25%. Trade tensions were volatile during the fourth quarter of 2019 but eased in December after the U.S. and China reached a phase one trade agreement. The U.S. House of Representatives voted to impeach President Trump; however, markets were unaffected as a Republican-led Senate is unlikely to support his impeachment.

The Fund’s outperformance relative to the Russell Midcap Value Index was largely driven by security selection. Positive stock selection within the Information Technology, Industrials and Materials sectors more than offset negative stock selection within the Financials, Consumer Discretionary, and Utilities sectors. Sector allocation, a result of the bottom-up security selection process, also contributed positively to relative results over the period, primarily due to the Fund’s overweight to

the Information Technology sector and underweight to Utilities and Consumer Discretionary sectors. This was partially offset by the Fund’s overweight to the Energy and Materials sectors.

The largest contributors to the Fund’s performance relative to the Russell Midcap Value Index included Leidos Holdings (Information Technology), Clean Harbors (Industrials), and Itron (Information Technology). Leidos Holdings is a U.S.-based defense, aviation, Information Technology and biomedical research company. Shares of Leidos advanced during the period fueled by strong earnings. More recently, the company announced its $1.65 billion deal to acquire cybersecurity firm Dynetics, which is expected to boost sales growth and margins. Clean Harbors is a provider of environmental, energy, and industrial services, including hazardous waste disposal and used oil recycling. The company has benefited from renewed investment in the domestic petrochemical industry that is expected to bring new chemical plants to the U.S. and drive higher-value waste streams to Clean Harbors. Additionally, a combination of regulatory changes and favorable industry dynamics are supportive of margin expansion and modest growth looking ahead. Itron is a U.S.-based smart-metering technology company focused on the modernization of the infrastructure grid. The company’s stock price advanced during the period due to the company’s strong earnings. Itron is expected to benefit from the growth of smart meters and intelligent infrastructure demand. Leidos Holdings was a top absolute contributor to performance during the period.

The largest detractors from returns relative to the Russell Midcap Value Index included UGI (Utilities), Millicom International Cellular (Telecom & Media), and Encana (Energy). Shares of UGI, a natural gas and electric power distribution company, declined on the back of earnings weakness and some doubts around recent merger & acquisition (M&A) activity which has called into question the quality of UGI’s assets. Shares of Millicom International Cellular, an international telecommunications and media company, declined during the period. The stock reacted very negatively to the company’s disappointing third-quarter 2019 results, which was driven by weakness in Columbia, Paraguay, Bolivia, and Honduras. The company also reduced its fiscal year 2019 guidance. Encana, a Canadian-based oil company, saw its stock price fall during the period, as oil prices came under pressure due to increased concerns around weaker global economic growth as well as rising pessimism over the U.S.-China trade deal. UGI 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 as of the end of the period?

The labor market has remained strong, with job growth consistently exceeding expectations, wage growth hovering around 3%, and unemployment falling to a historic low of 3.5%. U.S. small business sentiment rose by the most in a year in November 2019, adding to our

37

Hartford MidCap Value HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

belief that a key part of the economy is on positive footing. The housing market gained momentum, fueled by strong job and income growth and historically low interest rates. Housing permits surged to a twelve-year high, new home sales realized their best three-month performance since 2007, and homebuilder sentiment was at its highest level since 1999. Manufacturing remained in contractionary territory for the fourth consecutive month in November 2019, as trade policy uncertainty continued to weigh on business investment. The services sector slowed but remained in expansionary territory. Although consumer confidence remained elevated, it eased later in the year as expectations and optimism moderated amid a volatile global environment.

While we expect continued volatility in the near term, we continue to seek cyclical opportunities where stock prices appear attractively valued in multiple economic scenarios.

The Fund ended the year with the largest over weights to the Information Technology, Materials, and Financials sectors relative to the Russell Midcap Value Index, and the largest underweights to the Utilities, Real Estate and Consumer Discretionary sectors, relative to the Russell Midcap Value Index.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Mid-cap securities can have greater risk and volatility than large-cap securities. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur. •Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market.

Composition by Sector⁽¹⁾

as of December 31, 2019

Sector	Percentage of Net Assets
Equity Securities
Communication Services		3.9	%
Consumer Discretionary		6.7
Consumer Staples		2.3
Energy		6.1
Financials		20.1
Health Care		7.4
Industrials		12.9
Information Technology		13.1
Materials		8.9
Real Estate		11.5
Utilities		5.8
Total		98.7	%
Short-Term Investments		2.2
Other Assets & Liabilities		(0.9	)
Total		100.0	%

⁽¹⁾  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.

38

Hartford Small Cap Growth HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 5/02/1994 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		35.81%		9.98%		14.90%
Class IB		35.45%		9.70%		14.61%
Russell 2000 Growth Index		28.48%		9.34%		13.01%

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. 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. 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 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, 2019, 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

Performance information prior to 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.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.65% and 0.90%, respectively. Gross and net expenses are the same. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to new investors, subject to certain exceptions. For more information, please see the Fund’s statutory prospectus.

39

Hartford Small Cap Growth HLS Fund

Fund Overview – (continued)

December 31, 2019 (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

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford Small Cap Growth HLS Fund returned 35.81% for the twelve-month period ended December 31, 2019, outperforming its benchmark, the Russell 2000 Growth Index, which returned 28.48%. For the same period, the Class IA shares of the Fund also outperformed the 28.15% 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?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending December 31, 2019. During the first quarter of 2019, U.S. equities rallied to their largest quarterly gain since 2009, buoyed by an accommodative shift in U.S. Federal Reserve (Fed) policy and guidance, optimism for a U.S.-China trade deal, relatively strong fourth-quarter 2018 earnings, and corporate buybacks. By the summer of 2019, unresolved U.S. trade frictions with China, Mexico, Japan, and the European Union (EU) unsettled markets and raised concerns about the potential risks to U.S. economic growth from increasing cost pressures, supply chain disruptions, and waning business confidence and investment plans. In the third quarter of 2019, U.S. equities rose for the third consecutive quarter, with the U.S. economy remaining resilient despite elevated geopolitical uncertainties and slowing global growth. U.S.-China trade relations were particularly volatile in the absence of meaningful compromises on key structural issues. Expectations for a protracted trade war between the U.S. and China and the potential for a longer-term decoupling of the world’s two largest economies eroded consumer and business confidence and curtailed capital spending. The Fed lowered its benchmark interest rate in July and September by a combined 0.50% in an effort to sustain the U.S. economic expansion and mitigate the risks of moderating growth and trade frictions. U.S. equity markets surged in the fourth quarter of 2019, as equities benefited from waning recession fears, improved trade sentiment, and accommodative Fed policies. In October, the Fed lowered interest rates for the final time in 2019, cutting rates by 0.25%. Trade tensions were volatile during the fourth quarter of 2019 but eased in December after the U.S. and China reached a phase one trade agreement. The U.S. House of Representatives voted to impeach President Trump; however, markets were unaffected given that the Republican-led Senate is unlikely to support his impeachment.

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. The Information Technology (+35%), Industrials (+32%), and Healthcare (+31%) sectors rose during the period, while the Energy (-6%) sector lagged the broader Russell 2000 Growth Index.

Security selection was the primary contributor to the Fund’s performance relative to the Russell 2000 Growth Index during the period. Selection was strongest within the Consumer Discretionary, Industrials, and Information Technology sectors, which was partially offset by weaker selection within the Communication Services and Real Estate sectors, which detracted from relative performance. Sector allocation (a result of our bottom-up security selection process) had no material impact on relative performance for the period.

Top contributors to performance relative to the Russell 2000 Growth Index during the period included Kodiak Sciences (Healthcare), Insulet (Healthcare), and TopBuild (Consumer Discretionary). Shares of Kodiak Sciences, a U.S.-based biopharmaceutical company, surged towards the end of the period after the company announced that it has commenced an underwritten public offering of 6 million shares of common stock at $46 per share. Insulet shares, a U.S.-based medical device company rose during the period. The company reported stronger-than-expected third-quarter 2019 results, beating consensus estimates. Furthermore, Insulet had some favorable news on the regulatory front, gaining Federal Drug Administration (FDA) approval for the use of Novo Nordisk’s Fiasp, a fast-acting insulin. We eliminated the position in the Fund during the period. TopBuild is a U.S.-based installer and distributor of insulation products. The company’s stock price rose during the period due to strong earnings, and it raised its revenue forecast for the full year. TopBuild (Consumer Discretionary) was the top absolute contributor to performance during the period.

Among the top detractors from performance relative to the Russell 2000 Growth Index during the period were Merit Medical Systems (Healthcare), not owning Arrowhead Pharmaceuticals (Healthcare), and 2U (Information Technology). Merit Medical Systems is a U.S.-based manufacturer of products used in diagnostic and interventional cardiology and radiology procedures. Shares of the company’s stock declined during the period primarily due to disappointing second quarter results, missing consensus estimates. The Fund eliminated the position

40

Hartford Small Cap Growth HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

in the stock during the period. Shares of Arrowhead Pharmaceuticals, a U.S.-based pharmaceuticals company, rose during the period. The company recently announced strong fiscal year 2019 operating results and plans to offer 4 million common shares in a public offering. We continued to not hold Arrowhead Pharmaceuticals in the Fund as of the end of the period. 2U is a U.S.-based online educational services company. The company’s stock declined during the period after it sharply widened its full-year adjusted loss expectation. We eliminated the Fund’s position in the stock. Merit Medical Systems (Healthcare) was the top absolute detractor 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 of the end of the period?

As we look into 2020, many of the constructive fundamental drivers of U.S. economic growth in 2019 persist. We believe that labor markets remain healthy, as wage gains continue to bolster consumer confidence but are not expected to trigger outsized inflation due to continued productivity improvements. In our view, the U.S. housing market has turned the corner after six quarters of negative growth, responding to interest rate cuts by the Fed. Moving forward, we believe that Fed action is likely to be more gradual, having now achieved targeted levels of inflation. This may also result in less volatility for the U.S. dollar (U.S. Dollar).

We believe that trade negotiations between the U.S. and China will remain vitally important to markets. In our view, the year ended with encouraging progress, as the “List 4” tariffs slated for December 2019 implementation were delayed, and indications that forward progress for a phase one agreement were in place. Additionally, the U.S. House of Representatives passed the tri-party United States-Mexico-Canada Agreement (USMCA), a replacement for the North American Free Trade Agreement (NAFTA) which is expected to be ratified by the U.S. Senate. The ratification of this trade agreement is expected to provide important certainty to North American supply chains.

As we begin 2020, we believe U.S. politics will first be dominated by a historic presidential impeachment trial in the U.S. Senate, before yielding to a rapid succession of Democratic primaries which will provide more certainty into both the eventual Democratic candidate as well as the main platform issues to be put forward by that party in the presidential election. The outcome at the ballot box could warrant future action in the Fund, but given the wide range of possible outcomes at this point, we believe this bears more monitoring than action at this time.

At the end of the period, the Fund’s largest overweights were to the Financials, Consumer Discretionary, and Consumer Staples sectors, while the Fund’s largest underweights were to the Real Estate, Utilities, and Communication Services sectors, relative to the Russell 2000 Growth Index.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Small-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 adverse developments occur. •Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market.

Composition by Sector⁽¹⁾

as of December 31, 2019

Sector	Percentage of Net Assets
Equity Securities
Communication Services		1.2	%
Consumer Discretionary		13.5
Consumer Staples		4.0
Energy		0.6
Financials		7.9
Health Care		29.0
Industrials		18.6
Information Technology		17.0
Materials		3.6
Real Estate		2.9
Total		98.3	%
Short-Term Investments		1.3
Other Assets & Liabilities		0.4
Total		100.0	%

⁽¹⁾  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.

41

Hartford Small Company HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 8/09/1996 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		37.00%		9.20%		12.78%
Class IB		36.77%		8.94%		12.51%
Russell 2000 Growth Index		28.48%		9.34%		13.01%

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. 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. 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 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, 2019, 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

Performance information prior to 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.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.78% and 1.03%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to new investors, subject to certain exceptions. For more information, please see the Fund’s statutory prospectus.

42

Hartford Small Company HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

Portfolio Managers

Steven C. Angeli, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

John V. Schneider, CFA

Vice President and Equity Research Analyst

Wellington Management Company LLP

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford Small Company HLS Fund returned 37.00% for the twelve-month period ended December 31, 2019, outperforming its benchmark, the Russell 2000 Growth Index which returned 28.48% for the same period. For the same period, the Class IA shares of the Fund also outperformed the 28.15% 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?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending December 31, 2019. During the first quarter of 2019, U.S. equities rallied to their largest quarterly gain since 2009, buoyed by an accommodative shift in U.S. Federal Reserve (Fed) policy and guidance, optimism for a U.S.-China trade deal, relatively strong fourth-quarter 2018 earnings, and corporate buybacks. By the summer of 2019, unresolved U.S. trade frictions with China, Mexico, Japan, and the European Union (EU) unsettled markets and raised concerns about the potential risks to U.S. economic growth from increasing cost pressures, supply chain disruptions, and waning business confidence and investment plans. In the third quarter of 2019, U.S. equities rose as the U.S. economy remained resilient despite elevated geopolitical uncertainties and slowing global growth. U.S.-China trade relations were particularly volatile in the absence of meaningful compromises on key structural issues. Therefore, there were reasons to expect a protracted trade war and for a longer-term decoupling of the world’s two largest economies, which eroded consumer and business confidence as well as curtailed capital spending. The Fed lowered its benchmark interest rate in July and September by a combined 0.50% in an effort to sustain the U.S. economic expansion and mitigate the risks of moderating growth and trade frictions. U.S. equity markets surged in the fourth quarter of 2019, as equities benefited from waning recession fears, improved trade sentiment, and accommodative Fed policies. In October, the Fed lowered interest rates for the final time in 2019, cutting rates by 0.25%. Trade tensions were volatile during the fourth quarter of 2019 but eased in December after the U.S. and China reached a phase one trade agreement. The U.S. House of Representatives voted to impeach President Trump; however, markets were unaffected as a Republican-led Senate is unlikely to support his impeachment.

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. The Information

Technology (+35%), Industrials (+32%), Healthcare (+31%) sectors rose the most, while the Energy (-6%) and Communication Services (+6%) sectors lagged the Russell 2000 Growth Index during the period.

Stock selection was the main driver of outperformance versus the Russell 2000 Growth Index during the period, primarily due to selection within the Consumer Discretionary, Information Technology, and Healthcare sectors. This was partially offset by weaker selection in the Financials, Energy, and Materials sectors, which detracted from relative performance. Sector allocation, which is the result of bottom-up stock selection, slightly detracted from relative returns during the period, primarily due to an underweight to the Healthcare sector and an overweight to the Consumer Discretionary sector. This was partially offset by an underweight allocation to the Communication Services sector, which contributed positively to relative performance during the period.

Top contributors to performance relative to the Russell 2000 Growth Index during the period included Insulet (Healthcare), Wayfair (Consumer Discretionary), and Galapagos (Healthcare). Shares of Insulet, a medical device maker, rose after the company reported quarterly earnings that exceeded both management guidance and market expectations as all three revenue segments outperformed. Notably, adoption rates of the company’s Omnipod DASH system showed signs of growth. Shares of Wayfair, an e-commerce home furnishings company, rose after the company reported strong fourth quarter 2018 results driven by customer growth and higher gross margins. We eliminated the Fund’s position early in the period as the stock moved above our market cap range. Galapagos, a clinical stage biopharma company, traded higher after announcing that partner Gilead will invest $5.1B, raising Gilead’s stake in the company. Furthermore, Galapagos also indicated it will seek shareholder approval for Gilead to further increase its ownership in the company, bolstering investor confidence in the long-term opportunity of the company’s therapeutic assets. Marriott Vacations (Consumer Discretionary) was a top absolute contributor to performance during the period.

Top detractors from performance relative to the Russell 2000 Growth Index during the period included Merit Medical Systems (Healthcare), EnerSys (Industrials), and 2U (Information Technology). Shares of Merit Medical Systems, a manufacturer of disposable medical devices, declined after releasing results that were below analyst expectations and lowering its 2019 guidance. The company also revised its fiscal year 2019 earnings per share (EPS) lower amid concerns over the pace of integrating recent acquisitions. The share price of EnerSys, an industrial battery maker, fell as earnings and forward guidance disappointed with management pointing to weak U.S. telecommunication sales and higher-than-projected freight costs early in the period. Shares of 2U, a provider

43

Hartford Small Company HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

of cloud-based software for online education courses, traded down after management meaningfully lowered full year guidance and turned their focus away from top-line growth towards profitability. The company cited increasing competition in its graduate degree segment as a headwind to top-line growth. Green Dot (Financials) 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 as of the end of the period?

As measured by the Russell 2000 Growth Index, the U.S. small cap growth asset class started strong in 2019 (+17.2% in 1Q19) and ended the year much the same way (+11.4%). In between those two strong periods of performance, the asset class weakened on the back of a combination of recessionary fears and geopolitical/tariff-related concerns. Additionally, investors expressed concerns over elevated valuations particularly in the software industry, and as a result, price-to-earnings ratios generally contracted. We used this heightened volatility as an opportunity to trim and eliminate some of the Fund’s exposures as we entered the summer. Our fair value targets were met, and we observed a more attractive upside/downside profile in re-emerging growers. As a result, we introduced more balance into the Fund and added exposure to holdings in sectors such as Industrials, Consumer Discretionary, and Financials, while reducing exposure to the Information Technology and Healthcare sectors. As we approach the new year, we anticipate a more challenging, late cycle macro environment.

At the end of the period, the Fund’s largest overweights were to the Consumer Discretionary, Financials, and Information Technology sectors, while the Fund’s largest underweights were to the Industrials, Real Estate, and Utilities sectors, relative to the Russell 2000 Growth Index.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Small-cap securities can have greater risk and volatility than large-cap securities. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur. •Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market.

Composition by Sector⁽¹⁾

as of December 31, 2019

Sector	Percentage of Net Assets
Equity Securities
Communication Services		1.3	%
Consumer Discretionary		19.4
Consumer Staples		2.0
Energy		0.5
Financials		6.9
Health Care		29.4
Industrials		16.4
Information Technology		17.2
Materials		3.2
Real Estate		2.5
Total		98.8	%
Short-Term Investments		2.8
Other Assets & Liabilities		(1.6	)
Total		100.0	%

⁽¹⁾  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.

44

Hartford Stock HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 8/31/1977 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		31.22%		11.63%		12.73%
Class IB		30.89%		11.35%		12.45%
Russell 1000 Index		31.43%		11.48%		13.54%

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. 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. 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 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, 2019, 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.51% and 0.76%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

45

Hartford Stock HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

Portfolio Manager

Donald J. Kilbride

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford Stock HLS Fund returned 31.22% for the twelve-month period ended December 31, 2019, underperforming the Fund’s benchmark, the Russell 1000 Index, which returned 31.43% for the same period. For the same period, the Class IA shares of the Fund also underperformed the 29.61% 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?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending December 31, 2019. During the first quarter of 2019, U.S. equities rallied to their largest quarterly gain since 2009, buoyed by an accommodative shift in U.S. Federal Reserve (Fed) policy and guidance, optimism for a U.S.-China trade deal, relatively strong fourth-quarter 2018 earnings, and corporate buybacks. By the summer of 2019, unresolved U.S. trade frictions with China, Mexico, Japan, and the European Union (EU) unsettled markets and raised concerns about the potential risks to U.S. economic growth from increasing cost pressures, supply chain disruptions, and waning business confidence and investment plans. In the third quarter of 2019, U.S. equities rose for the third consecutive quarter, with the U.S. economy remaining resilient despite elevated geopolitical uncertainties and slowing global growth. U.S.-China trade relations were particularly volatile in the absence of meaningful compromises on key structural issues. Expectations for a protracted trade war and the potential for a longer-term decoupling of the world’s two largest economies eroded consumer and business confidence and curtailed capital spending. The Fed lowered its benchmark interest rate in July and September by a combined 0.50% in an effort to sustain the U.S. economic expansion and mitigate the risks of moderating growth and trade frictions. U.S. equity markets surged in the fourth quarter of 2019, as equities benefited from waning recession fears, improved trade sentiment, and accommodative Fed policies. In October, the Fed lowered interest rates for the final time in 2019, cutting rates by 0.25%. Trade tensions were volatile during the fourth quarter of 2019 but eased in December after the U.S. and China reached a phase one trade agreement. The U.S. House of Representatives voted to impeach President Trump; however, markets were unaffected as a Republican-led Senate is unlikely to support his impeachment.

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, all eleven sectors within the Russell 1000 Index rose, led by the Information Technology (+50%) and Communication Services (+33%) sectors. Alternatively, the Energy (+11%), Healthcare (+21%), and Materials (+24%) sectors lagged on a relative basis.

The Fund’s underperformance versus the Russell 1000 Index during the period was primarily driven by sector allocation, a residual of the bottom-up stock selection process, due primarily to an underweight allocation to the Information Technology sector and an overweight to the Consumer Staples sector. Strong security selection within the Healthcare, Consumer Discretionary, and Materials sectors contributed positively to relative performance, while weaker selection in the Energy sector detracted from relative performance.

The Fund’s positions in McDonald’s (Consumer Discretionary) and Public Storage (Real Estate), as well as not holding Apple (Information Technology) were among the top detractors relative to the Russell 1000 Index during the period. Shares of McDonald’s, a multinational fast food restaurant chain, gained on strong earnings in the first two quarters of 2019 and solid growth in same-store revenue. However, the stock declined in the fourth quarter of 2019 after CEO Steve Easterbrook was fired. Prior to his termination, Mr. Easterbrook had driven innovation to boost same-store sales through smartphone apps, online pay, and food delivery. Shares of Public Storage, a self-storage facilities provider, gained over the first half of 2019, but then slid on disappointing quarterly results and same-store sales that were lower than projected, causing the company to cut its full-year outlook. Shares of Apple, a provider of consumer electronics, rose over the year on strong earnings and a surge in sales within its wearable market. Sales of Apple Watch, AirPods and Beats headphones nearly tripled in the fourth quarter of 2019 on a year-over-year basis. 3M (Industrials) was a top absolute detractor from Fund performance.

Top contributors to performance relative to the Russell 1000 Index during the period included American Tower (Real Estate), Danaher (Healthcare), and Lockheed Martin (Industrials). Shares of American Tower, a leading independent owner, operator, and developer of multitenant communications real estate, traded higher on strong earnings over the last three quarters of 2019. Earlier in 2019, the company acquired Eaton Towers in a push to take advantage of accelerating mobile phone usage and the rollout of 4G technology in Africa. In September, AT&T signed a new master lease agreement with American Tower, pushing share prices up another 3%. Shares of Danaher, a provider of medical equipment, climbed early in 2019 on the announcement of a deal to acquire General Electric’s biopharma unit, putting Danaher at the forefront of biotech equipment makers. Strong earnings and the announced split-off of dental business Envista further benefited the stock. The share price for Lockheed Martin, a U.S.-based aerospace and defense company, climbed after the company raised its profit and sales forecasts for 2019. Higher production of its F-35 fighter jet and an increase in arms sales boosted the business outlook. This, along with a missile defense deal with Saudi Arabia, grew Lockheed’s order backlog to record highs. The stock has also benefited from a rebound in defense spending under the Trump administration. Microsoft (Information Technology) was a top absolute contributor to Fund performance during the period.

46

Hartford Stock HLS Fund

Fund Overview – (continued)

December 31, 2019 (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 as of the end of the period?

As we look at 2020, we see a likely continuation of good economic conditions in the U.S. The labor market appears healthy and consumer confidence is strong, in our view. And while we expect to see further accommodative policy from global central banks, we view this loose monetary posture as a potential source of dislocation, as the inevitable shift to higher rates is expected to have a dampening effect on asset prices.

We see uncertainties on the horizon, including U.S. elections and impeachment proceedings, evolving U.S.-China trade relations, and other global geopolitical risks. As a result, we anticipate volatility around near-term events and remain mindful of the longer-term risks. In the near term, however, we continue to have a positive backdrop against which to invest.

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

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments.

Composition by Sector⁽¹⁾

as of December 31, 2019

Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		13.4	%
Consumer Staples		15.2
Energy		1.4
Financials		12.5
Health Care		19.6
Industrials		20.0
Information Technology		9.3
Materials		4.0
Real Estate		4.0
Total		99.4	%
Short-Term Investments		1.1
Other Assets & Liabilities		(0.5	)
Total		100.0	%

⁽¹⁾  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.

47

Hartford Total Return Bond HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 8/31/1977 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		10.65%		3.70%		4.47%
Class IB		10.32%		3.44%		4.21%
Bloomberg Barclays U.S. Aggregate Bond Index		8.72%		3.05%		3.75%

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. 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. 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 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, 2019, 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 prior to 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.51% and 0.76%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

48

Hartford Total Return Bond HLS Fund

Fund Overview – (continued)

December 31, 2019 (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

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford Total Return Bond HLS Fund returned 10.65% for the twelve-month period ended December 31, 2019, outperforming its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index, which returned 8.72% for the same period. For the same period, the Class IA shares of the Fund also outperformed the 8.79% 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 largely positive total returns, driven by a decline in sovereign debt yields across most markets – particularly in the first three quarters of 2019. By the end of the period, yields increased across most markets amid stabilizing global activity indicators and progress on trade talks, despite continued accommodative global central bank policies. Geopolitical uncertainty remained elevated amid ongoing trade talks between the United States (U.S.) and China, negotiations surrounding the United Kingdom’s (U.K.’s) exit from the European Union EU, also known as “Brexit”, and U.S. presidential impeachment proceedings. Despite these concerns, corporate bond spreads tightened due to optimism that monetary accommodation could offset the drag on global growth from restrictive trade policies. The U.S. dollar cemented its safe-haven status, strengthening versus most currencies amid trade frictions and slowing global growth prospects. Inflation showed no meaningful acceleration even as wage growth edged higher.

Global monetary policies continued along a more accommodative path, in aggregate. The U.S. Federal Reserve (Fed) cut interest rates three times before deciding to take a more patient approach on future adjustments. Meanwhile, the European Central Bank (ECB) launched a package of stimulus measures, including an interest rate cut, resumption of asset purchases that the central bank plans to continue “as long as necessary,” and the introduction of tiered deposit rates to exempt banks from negative interest rates. The Bank of Japan (BoJ) maintained its short-term negative interest rate policy, while pledging to guide 10-year government bonds to around 0.0%. The Norges Bank, an outlier among major central banks this year, increased interest rates three times but trimmed the projected path for interest rate increases, citing global uncertainties.

For much of 2019, sovereign debt yields fell due to global economic uncertainty, accommodative shifts by central banks, and escalating trade tensions. However, yields began to increase as U.S.-China trade tensions softened later in the year. A flight to safe-haven assets earlier in the year – in addition to accommodative Fed policy – led to a decline in U.S. yields. As German bund yields fell to record lows over the year – and the entire German yield curve fell into negative territory by August – investors seeking yield put their money to work in the U.S. Persistent Brexit uncertainty contributed positively to lower yields in the U.K., while Australian yields also dipped over the period, due to accommodative rhetoric from the Reserve Bank of Australia and weak economic data.

The Canadian dollar outperformed all major currencies in 2019, as solid economic data and higher interest rates relative to the rest of the world supported the currency. The U.S. dollar performed well against most currencies throughout the year but slid in the final months of 2019 following favorable trade policy developments. After a volatile year filled with concerns over Brexit negotiations, the British pound finished the year as the second-best performing major currency. Slowing Eurozone economic data and political uncertainty prompted weakness in the euro. The Chinese renminbi declined amid U.S.-China trade tensions and an easing of monetary policy.

Absolute returns were positive for most fixed-income sectors over the period, against a backdrop of accommodative global central bank policies and improved U.S.-China trade talks. On an excess return basis, lower-rated sectors were among the top performers, benefiting from continued investor demand for yield-producing assets.

The primary drivers of the Fund’s outperformance versus the Bloomberg Barclays U.S. Aggregate Bond Index were allocations to higher-yielding credit and securitized sectors. The Fund held an underweight to investment-grade credit in favor of bank loans and high yield. Allocations to high-yield credit and bank loans had a positive impact on results, as those higher-yielding sectors outperformed investment-grade credit. Positioning within investment-grade credit was also additive to relative performance over the period, led by positive security selection within the Industrials and Financials sectors.

The Fund’s allocations to commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLOs), non-agency mortgage-backed securities (RMBS), and positioning within agency mortgage-backed securities (MBS) pass-throughs had a positive impact on returns versus the Bloomberg Barclays U.S. Aggregate Bond Index during the period.

49

Hartford Total Return Bond HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

The Fund implemented tactical duration and yield curve positions during the period, which detracted from performance relative to the Bloomberg Barclays U.S. Aggregate Bond Index. The Fund maintained exposure to Treasury Inflation-Protected Securities (TIPS), which had a slightly positive impact on relative performance during the period as TIPS outperformed duration-equivalent nominal U.S. Treasuries in the fourth quarter of 2019.

During the period, the Fund used Treasury futures, swaps, and options to manage duration and yield curve positioning. The Fund also used currency forwards, futures, and options to implement non-U.S. rate and currency positions. Credit default swaps (CDS) were used to manage credit exposure and Investment Grade and High Yield CDS index positions were used to seek liquidity and to manage overall portfolio risk. The use of derivatives in general slightly contributed to overall performance. In particular, the High Yield hedges were additive to performance relative to the Bloomberg Barclays U.S. Aggregate Bond Index during the period, and the Investment Grade CDS positions also had a small positive impact on relative performance.

What is the outlook as of the end of the period?

As of the end of the period, we continue to position the Fund with a moderately pro-cyclical risk posture, consistent with our expectation for continued positive U.S. economic fundamentals. Inflation expectations remain stubbornly below central banks’ targets, but a material upside inflation surprise remains a risk to our outlook. Inflation breakeven positioning is near neutral, but we would consider adding to the position if the interest rate environment stabilizes.

We ended the period with an underweight positioning in the Fund to investment-grade credit in favor of holding an out-of-benchmark allocation to high yield and bank loans. The Fund held an overweight to agency MBS and maintained an out-of-benchmark exposure to select non-agency RMBS. The Fund also held CMBS and CLOs based on what we consider to be attractive valuations. The Fund also continued to hold select exposure to emerging markets (EM) corporate debt where valuations were attractive, in our view.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. •Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. •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. •The risks associated with mortgage related- and asset-backed securities as well as collateralized loan obligations (CLOs) include credit, interest-rate, prepayment, liquidity, default and extension risk. •The purchase of securities in the To-Be-Announced (TBA) market can result in additional price and counterparty risk. •Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency

fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. •Restricted securities may be more difficult to sell and price than other securities.

Composition by Security Type⁽¹⁾

as of December 31, 2019

Category	Percentage of Net Assets
Equity Securities
Common Stocks		0.0	%*
Preferred Stocks		0.1
Warrants		0.0	*
Total		0.1	%
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		26.5	%
Corporate Bonds		27.7
Foreign Government Obligations		4.3
Municipal Bonds		1.0
Senior Floating Rate Interests		2.5
U.S. Government Agencies(2)		53.5
U.S. Government Securities		13.2
Total		128.7	%
Short-Term Investments		3.7
Purchased Options		0.1
Other Assets & Liabilities		(32.6	)
Total		100.0	%

* Percentage rounds to zero.

⁽¹⁾  For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

⁽²⁾  All or a portion of the securities categorized as U.S. Government Agencies were agency mortgage backed securities as of December 31, 2019.

50

Hartford Ultrashort Bond HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 8/31/1977 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

for the Periods Ending 12/31/19

	1 Year		5 Years		Since Inception1
Class IA		2.81%		1.29%		1.06%
Class IB		2.54%		1.03%		0.80%
Bloomberg Barclays Short Treasury 9-12 Month Index		2.88%		1.29%		1.07%

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, 2019.

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. 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. 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 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, 2019, 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.45% and 0.70%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

51

Hartford Ultrashort Bond HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

Portfolio Manager

Timothy E. Smith

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford Ultrashort Bond HLS Fund returned 2.81% for the twelve-month period ended December 31, 2019, underperforming its benchmark, the Bloomberg Barclays Short Treasury 9-12 Month Index, which returned 2.88% for the same period. For the same period, the Class IA shares of the Fund underperformed the 4.41% 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, U.S. fixed income markets generated positive total returns, driven by a decline in yields across the Treasury yield curve, particularly in the first three quarters of the year. By the end of the period, yields increased amid stabilizing economic indicators and progress on trade talks, despite continued accommodative central bank policies. The U.S. Federal Reserve (Fed) cut interest rates three times in the second half of 2019 before deciding to take a more patient approach on future adjustments. Geopolitical uncertainty remained elevated amid ongoing trade talks between the U.S. and China, negotiations surrounding the United Kingdom’s (U.K.’s) plan to leave the European Union (EU), also known as “Brexit,” and U.S. presidential impeachment proceedings. Despite these concerns, U.S. corporate bond spreads tightened over optimism that monetary accommodation could offset the drag on global growth from restrictive trade policies.

During the first quarter of 2019, U.S. Treasury yields declined sharply due to an accommodative shift in Fed policy and guidance amid signs of a global growth slowdown. Geopolitical uncertainty remained elevated amid an elusive U.S.-China trade agreement despite ongoing negotiations. Yields declined further in the second quarter of 2019 as the Fed left interest rates unchanged but set the stage for rate cuts later in the year, indicating it sees additional risks to its outlook from trade policy, investment intentions, and manufacturing. The Fed cut interest rates as expected in the third quarter of 2019 and also conducted short-term operations to alleviate funding pressures. Political uncertainty remained high, though corporate bond markets appeared to shrug off those concerns. Fixed income returns were more mixed in the fourth quarter of 2019. Intermediate- and longer-term Treasury yields rose as economic data showed some improvement and corporate bond spreads tightened over optimism that a phase one trade deal between the U.S. and China would help ease global growth concerns. Consumer confidence weakened during the year as a result of economic uncertainty and manufacturing activity contracted, though the housing market remained resilient as lower rates boosted activity.

Absolute returns were positive for most U.S. fixed income sectors over the period, led by the significant decline in Treasury yields prompted by a flight to safe-haven assets early in the year, in addition to accommodative Fed policy. The agency mortgage-backed securities

market performed well thanks to the Fed’s embrace of accommodative monetary policy early in the year when it effectively took interest rate hikes off the table and volatility plunged, further supporting mortgage performance. The substantial rally in rates triggered fears of rising prepayments, which later subsided as prepayment speeds declined from peak level. The securitized credit sectors (non-agency residential mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities, collateralized loan obligations) also produced positive excess returns as spreads largely tightened over the period; lower-rated sectors benefitted from continued demand for yield-producing assets.

The Fund underperformed the Bloomberg Barclays Short Treasury 9-12 Month Index, primarily driven by a short duration posture as yields fell over the period. An out-of-benchmark allocation to investment-grade credit had a positive impact on relative performance, particularly on account of exposure to the financials and industrials sectors. Additionally, exposure to securitized sectors was additive to performance relative to the Bloomberg Barclays Short Treasury 9-12 Month Index; an allocation to consumer asset-backed securities (ABS) benefited relative performance and an allocation to select mortgage-backed securities (MBS) had a slightly positive impact on relative performance.

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 of the end of the period?

As of the end of the period, the Fund is positioned with a moderately pro-cyclical risk posture, favoring the credit and securitized sectors. We believe that U.S. economic growth momentum has turned positive heading into 2020. In our view, the manufacturing sector has stabilized, while the consumer and housing activity are still showing signs of resilience. Additionally, global growth appears to be bottoming and two major geopolitical risks (the U.K.’s exit from the EU and U.S.-China trade negotiations) have been reduced as of the end of the period.

The Fed is on hold for the foreseeable future. The Fed’s policy path will likely be dictated by the evolution of economic data and developments on trade dynamics; however, the Fed has indicated that the bar to increase interest rates is higher than the bar to ease them. We believe the Fed is unlikely to raise interest rates in the absence of sustained inflation. The Fed is forecasting no change in interest rates for 2020, while the market continues to price in the probability of further interest rate cuts. As of the end of the period, the Fund’s duration posture is close to neutral.

At the end of the period, the Fund continued to be positioned with out-of-benchmark allocations to investment-grade corporates, ABS, and MBS. Within investment-grade corporates, we favor U.S. banks, as we believe their balance sheets are less risky on improved capital ratios and regulation, and ratings are on an upward trend. We are also positive on

52

Hartford Ultrashort Bond HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

the ABS sector based on what we consider to be strong U.S. consumer fundamentals, although we are being selective given the later stage of the credit cycle. Within the sector, we favor auto, credit card, and equipment ABS deals.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. •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. •The risks associated with mortgage related- and asset-backed securities include credit, interest-rate, prepayment, liquidity, default and extension risk. •Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. •Restricted securities may be more difficult to sell and price than other securities. •Repurchase agreements may increase the Fund’s risk and volatility.

Composition by Security Type⁽¹⁾

as of December 31, 2019

Category	Percentage of Net Assets
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		40.4	%
Corporate Bonds		28.2
U.S. Government Agencies(2)		1.8
U.S. Government Securities		27.8
Total		98.2	%
Short-Term Investments		3.3
Other Assets & Liabilities		(1.5	)
Total		100.0	%

⁽¹⁾  For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

⁽²⁾  All or a portion of the securities categorized as U.S. Government Agencies were agency mortgage backed securities as of December 31, 2019.

53

Hartford U.S. Government Securities HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 3/24/1987 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		5.22%		2.09%		2.38%
Class IB		4.93%		1.83%		2.12%
Bloomberg Barclays Intermediate Government Bond Index		5.20%		1.99%		2.38%

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. 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. 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 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, 2019, 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 prior to 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.53% and 0.78%, respectively. Gross and net expenses are the same. Expenses shown include acquired fund fees and expenses. Actual expenses may be

higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

54

Hartford U.S. Government Securities HLS Fund

Fund Overview – (continued)

December 31, 2019 (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

* Michael F. Garrett announced his plan to withdraw from the partnership of Wellington Management Company LLP’s parent company, and effective June 30, 2020, he will no longer serve as a portfolio manager for the Hartford U.S. Government Securities HLS Fund.

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford U.S. Government Securities HLS Fund returned 5.22% for the twelve-month period ended December 31, 2019, outperforming its benchmark, the Bloomberg Barclays Intermediate Government Bond Index, which returned 5.20% for the same period. For the same period, the Class IA shares of the Fund underperformed the 5.88% average return of the Lipper Intermediate US Government Funds peer group, a group of funds that invest primarily in United States (U.S.) government and agency issues.

Why did the Fund perform this way?

Over the period, U.S. fixed income markets generated positive total returns, driven by a decline in yields across the Treasury yield curve, particularly in the first three quarters of the year. By the end of the period, yields increased amid stabilizing economic indicators and progress on trade talks, despite continued accommodative central bank policies. The U.S. Federal Reserve (Fed) cut interest rates three times in the second half of 2019 before deciding to take a more patient approach on future adjustments. Geopolitical uncertainty remained elevated amid ongoing trade talks between the U.S. and China, negotiations surrounding the United Kingdom’s (U.K.’s) plan to leave the European Union (EU), also known as “Brexit,” and U.S. presidential impeachment proceedings. Despite these concerns, U.S. corporate bond spreads tightened over optimism that monetary accommodation could offset the drag on global growth from restrictive trade policies.

During the first quarter of 2019, U.S. Treasury yields declined sharply due to an accommodative shift in Fed policy and guidance amid signs of a global growth slowdown. Geopolitical uncertainty remained elevated amid an elusive U.S.-China trade agreement despite ongoing negotiations. Yields declined further in the second quarter of 2019 as the Fed left interest rates unchanged but set the stage for rate cuts later in the year, indicating it sees additional risks to its outlook from trade policy, investment intentions, and manufacturing. The Fed cut interest rates as expected in the third quarter of 2019 and also conducted short-term operations to alleviate funding pressures. Political uncertainty remained high, though corporate bond markets appeared to shrug off those concerns. Fixed income returns were more mixed in the fourth quarter of 2019. Intermediate- and longer-term Treasury yields rose as economic data showed some improvement and corporate bond spreads tightened over optimism that a phase one trade deal between the U.S. and China would help ease global growth concerns. Consumer confidence weakened during the year as a result of economic uncertainty and manufacturing activity contracted, though the housing market remained resilient as lower rates boosted activity.

Absolute returns were positive for most U.S. fixed income sectors over the period, led by the significant decline in Treasury yields prompted by a flight to safe-haven assets early in the year, in addition to accommodative Fed policy. The agency mortgage-backed securities market performed well thanks to the Fed’s embrace of accommodative monetary policy early in the year when it effectively took interest rate hikes off the table and volatility plunged, further supporting mortgage performance. The substantial rally in rates triggered fears of rising prepayments, which later subsided as prepayment speeds declined from peak level.

Out-of-benchmark allocations to agency mortgage-backed securities (MBS) pass-throughs, agency collateralized mortgage obligations (CMOs), agency commercial mortgage-backed securities (CMBS), non-agency residential mortgage-backed securities (RMBS), and multi-family Fannie Mae Delegated Underwriting and Servicing Bonds (FNMA DUS) were the primary drivers of outperformance relative to the Bloomberg Barclays Intermediate Government Bond Index over the period. Allocations to asset-backed securities (ABS) also contributed positively to relative performance.

During the period, we used derivatives, such as Treasury futures and interest rate swaps, within the Fund to manage duration and yield curve exposures. Overall, the use of these derivatives had a negative impact on absolute performance over the period.

What is the outlook as of the end of the period?

At the end of the period, the Fund was overweight to agency MBS with a bias toward assets that generate income and provide more stable cash flows in our view, such as agency CMOs and securitized credit such as CMBS, non-agency RMBS, and ABS.

The substantial rally in interest rates during 2019 introduced prepayment risk back into the agency MBS market; however, the uncertainty is primarily concentrated in new production pools. We believe current spreads compensate investors for the increased prepayment risk, and, as of the end of the period, we maintained our constructive outlook on longer-term MBS fundamentals. The Fed’s wait-and-see approach may keep interest rate volatility relatively contained in the near-term, which is a good environment for mortgages to earn their income, in our view. However, we do not want to have too large of an overweight to mortgages given the looming potential for political risks. While risks surrounding the U.K.’s exit from the EU and U.S.-China trade relations have moderated for now, any flare-up on the political front or big surprises in economic data could push interest rates outside of their recent ranges, potentially pressuring agency MBS.

55

Hartford U.S. Government Securities HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

Our outlook for CMBS is positive. Commercial real estate fundamentals are generally healthy, supported by a growing U.S. economy and low unemployment with some pockets of concern. We have a positive outlook on the ABS sector based on the strength of the U.S. consumer, but we are being selective as the credit cycle matures. The strong consumer environment (low unemployment, increasing wages, benign inflation, moderate gas prices) is expected to continue to be supportive of collateral performance. As of the end of the period, we maintained

the Fund’s allocations to the traditional ABS sectors given our favorable view of the U.S. consumer.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. •The purchase of securities in the To-Be-Announced (TBA) market can result in additional price and counterparty risk. •Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. •The risks associated with mortgage related- and asset-backed securities include credit, interest-rate, prepayment, liquidity, default 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. •Restricted securities may be more difficult to sell and price than other securities.

Composition by Security Type⁽¹⁾

as of December 31, 2019

Category	Percentage of Net Assets
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		19.9	%
U.S. Government Agencies(2)		70.9
U.S. Government Securities		17.2
Total		108.0	%
Short-Term Investments		8.1
Other Assets & Liabilities		(16.1	)
Total		100.0	%

⁽¹⁾  For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

⁽²⁾  All or a portion of the securities categorized as U.S. Government Agencies were agency mortgage backed securities as of December 31, 2019.

56

Hartford Value HLS Fund

Fund Overview

December 31, 2019 (Unaudited)

Inception 4/30/2001 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

for the Periods Ending 12/31/19

	1 Year		5 Years		10 Years
Class IA		27.71%		7.85%		10.92%
Class IB		27.46%		7.57%		10.65%
Russell 1000 Value Index		26.54%		8.29%		11.80%

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. 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. 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 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, 2019, 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.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.71% and 0.96%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended December 31, 2019.

The Fund is closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.

57

Hartford Value HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

Portfolio Managers

Adam H. Illfelder, CFA

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

Manager Discussion and Analysis

How did the Fund perform during the period?

The Class IA shares of Hartford Value HLS Fund returned 27.71% for the twelve-month period ended December 31, 2019, outperforming its benchmark, the Russell 1000 Value Index, which returned 26.54% for the same period. For the same period, the Class IA shares of the Fund outperformed the 26.31% 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?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending December 31, 2019. During the first quarter of 2019, U.S. equities rallied to their largest quarterly gain since 2009, buoyed by an accommodative shift in U.S. Federal Reserve (Fed) policy and guidance, optimism for a U.S.-China trade deal, relatively strong fourth-quarter 2018 earnings, and corporate buybacks. By the summer of 2019, unresolved U.S. trade frictions with China, Mexico, Japan, and the European Union (EU) unsettled markets and raised concerns about the potential risks to U.S. economic growth from increasing cost pressures, supply chain disruptions, and waning business confidence and investment plans. In the third quarter of 2019, U.S. equities rose for the third consecutive quarter, with the U.S. economy remaining resilient despite elevated geopolitical uncertainties and slowing global growth. U.S.-China trade relations were particularly volatile in the absence of meaningful compromises on key structural issues. Expectations for a protracted trade war between the U.S. and China and the potential for a longer-term decoupling of the world’s two largest economies eroded consumer and business confidence and curtailed capital spending. The Fed lowered its benchmark interest rate in July and September by a combined 0.50% in an effort to sustain the U.S. economic expansion and mitigate the risks of moderating growth and trade frictions. U.S. equity markets surged in the fourth quarter of 2019, as equities benefited from waning recession fears, improved trade sentiment, and accommodative Fed policies. In October, the Fed lowered interest rates for the final time in 2019, cutting rates by 0.25%. Trade tensions were volatile during the fourth quarter of 2019 but eased in December after the U.S. and China reached a phase one trade agreement. The U.S. House of Representatives voted to impeach President Trump; however, markets were unaffected as a Republican-led Senate is unlikely to support his impeachment.

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, all eleven sectors within the Russell 1000 Value Index rose, led by the Information Technology (+40%) and Industrials (+35%) sectors. The Energy (+11%), Healthcare (+20%), and Materials (+21%) sectors lagged on a relative basis.

The Fund’s outperformance versus the Russell 1000 Value Index during the period was primarily driven by strong security selection within the Financials, Healthcare, and Real Estate sectors. This was partially offset by weak selection within the Energy, Consumer Staples, and Information Technology sectors. Sector allocation, a residual of the bottom up stock selection process, was benefited by an overweight position in the Information Technology sector and an underweight position in the Energy sector. The Fund’s underweight to Communication Services was a slight detractor from relative performance during the period.

The top contributors to returns relative to the Russell 1000 Value Index over the period were KLA (Information Technology), Fortune Brands Home (Industrials), and JPMorgan Chase (Financials). Shares of KLA, a semiconductor equipment company, traded higher on strong earnings and an upward revision in guidance. The stock also benefited from longer-term tailwinds from expectations around improved memory-chip prices and a return to growth for the industry. Shares of Fortune Brands Home, a U.S.-based provider of home and security products, rose after the stock was upgraded by some analysts on the outlook that exposure to repair and remodeling may offset concerns about a cyclical peak in homebuilding. Shares of JPMorgan Chase (JPM), a financial services company, climbed at the end of the second quarter when the Fed agreed to increased payouts. JPM, along with other banks, said it would boost payouts through dividends and stock buybacks. The company’s stock price was driven higher through the end of 2019 on strong earnings and revised guidance around investment banking fees, up from prior projections of a year-over-year decline. Top absolute contributors to performance during the period included JPMorgan Chase (Financials) and Bank of America (Financials).

The largest detractors from returns relative to the Russell 1000 Value Index during the period were TD Ameritrade (Financials), Concho Resources (Energy), and Tapestry (Consumer Discretionary). Shares of TD Ameritrade, a provider of securities brokerage services, slid after Charles Schwab announced it was planning to eliminate online trading commissions on certain products. During the period, we sold the Fund’s position in TD Ameritrade. While TD Ameritrade eventually agreed to be acquired by Schwab, this was not in our consideration set at the time when we sold the Fund’s position. Oil prices faced pressure throughout the year from escalated trade tensions between the U.S. and China. In the second half of 2019, shares of Concho Resources, an independent oil and natural gas company, fell when the company had to cut its rig count by almost half and slowed oil production growth for the year due to well-spacing problems in the Permian Basin. Shares of Tapestry, a luxury goods company, fell after the company missed on earnings and cut guidance early in 2019, citing a volatile macroeconomic and geopolitical backdrop. In the second half of 2019 the stock was weighed down when the Kate Spade line did not return to sales growth as predicted, prompting the company to pull back on store openings for the

58

Hartford Value HLS Fund

Fund Overview – (continued)

December 31, 2019 (Unaudited)

brand. Top absolute detractors from performance during the period included TD Ameritrade (Financials) and Tapestry (Consumer Discretionary).

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 of the end of the period?

Economic data released during the period was mixed, but optimism improved as the period progressed, particularly as trade friction eased between the U.S. and China and as election results in the U.K. provided more definition to the process surrounding the U.K.’s exit from the EU (also known as Brexit). Looking forward, we project modest gross domestic product (GDP) growth for the U.S., and some early indicators have begun to bottom or improve recently, supporting expectations for moderate economic growth in 2020. Balanced against this tentative increase in fundamentals is the offset that the Fed will likely taper its bond-buying program, which in 2019 injected billions of dollars of liquidity into the fixed-income markets. While we are encouraged by the more positive early indicators, we continue to be mindful of the Fund’s aggregate exposure to the most economically sensitive segments of the economy at this later stage of the current market cycle. We continue to be selective in the companies in which we invest, seeking compelling valuation opportunities across sectors in companies demonstrating characteristics that, in addition to discounted valuations, also include attractive quality elements and capital return in our view.

Based on individual stock decisions, the Fund ended the period with the largest overweights in the Information Technology, Healthcare, and Financials sectors, and the largest underweights in the Consumer Staples, Communication Services, and Real Estate sectors, relative to the Russell 1000 Value Index.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. •Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. •The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur. •Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market.

Composition by Sector⁽¹⁾

as of December 31, 2019

Sector	Percentage of Net Assets
Equity Securities
Communication Services		4.6	%
Consumer Discretionary		6.5
Consumer Staples		3.2
Energy		6.7
Financials		25.7
Health Care		18.0
Industrials		9.8
Information Technology		11.8
Materials		5.2
Real Estate		3.6
Utilities		5.1
Total		100.2	%
Short-Term Investments		0.8
Other Assets & Liabilities		(1.0	)
Total		100.0	%

⁽¹⁾  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.

59

Hartford HLS Funds

Benchmark Glossary (Unaudited)

Bloomberg Barclays Government/Credit Bond Index (reflects no deduction for fees, expenses or taxes) is designed to measure the non-securitized component of the U.S. Aggregate Index. It includes investment grade, U.S. dollar-denominated, fixed-rate Treasuries, government-related and corporate securities.

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.

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.

Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) is composed of securities that are Securities and Exchange Commission registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.

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

ICE BofAML US 3-Month Treasury Bill Index (reflects no deduction for fees, expenses or taxes) is comprised of a single issue purchased at the beginning of the month and held for a full month. At the end of the month that issue is sold and rolled into a newly selected issue. The issue selected at each month-end rebalancing is the outstanding Treasury Bill that matures closest to, but not beyond, three months from the rebalancing date. To qualify for selection, an issue must have settled on or before the month-end rebalancing date.

MSCI ACWI ex USA Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap representation across developed markets (excluding the United States) and emerging market countries.

MSCI World Growth Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap securities exhibiting overall growth style characteristics across developed markets.

Russell Midcap Growth Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the mid-cap growth segment of the U.S. equity universe. It includes those Russell Midcap Index companies with higher price-to-book ratios and higher forecasted growth values.

Russell MidCap Value Index (reflects no deduction for fees, expenses or taxes) is designed to measure 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.

Russell 1000 Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the 1,000 largest companies in the Russell 3000 Index which is designed to measure the performance of the 3,000 largest U.S. companies based on total market capitalizations.

Russell 3000 Index (reflects no deduction for fees, expenses or taxes) is designed to measure 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 designed to measure the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 1000 Index is designed to measure the performance of the 1,000 largest companies in the Russell 3000 Index based on their market capitalization and current index membership.

Russell 2000 Growth Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 2000 Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2000 Index is an 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.

Russell 3000 Growth Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 3000 Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 3000 Index is designed to measure the performance of the 3,000 largest U.S. companies based on total market capitalization.

Russell 1000 Value Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index is designed to measure the performance of the 1,000 largest companies in the Russell 3000 Index based on their market capitalization and current index membership.

Russell 2500 Value Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 2500 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 2500 Index is designed to measure the performance of the 2,500 smallest U.S. companies based on their market capitalization and current index membership.

S&P Composite 1500 Health Care Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market 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 MidCap 400 Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market capitalization-weighted index designed to measure the performance of the mid-cap segment of the market. The index is composed of 400 constituent companies.

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

BLOOMBERG^® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). BARCLAYS^® is a trademark and service mark of Barclays Bank Plc (collectively with its

60

Hartford HLS Funds

Benchmark Glossary (Unaudited) – (continued)

affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any of such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.

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, 2019 through December 31, 2019. 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 ratios 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 The Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

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

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

	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2019		Ending Account Value December 31, 2019		Expenses paid during the period July 1, 2019 through December 31, 2019		Beginning Account Value July 1, 2019		Ending Account Value December 31, 2019		Expenses paid during the period July 1, 2019 through December 31, 2019		Annualized expense ratio
Hartford Balanced HLS Fund
Class IA	$	1,000.00	$	1,082.20	$	3.31	$	1,000.00	$	1,022.03	$	3.21		0.63	%
Class IB	$	1,000.00	$	1,080.40	$	4.61	$	1,000.00	$	1,020.77	$	4.48		0.88	%
Hartford Capital Appreciation HLS Fund
Class IA	$	1,000.00	$	1,080.60	$	3.51	$	1,000.00	$	1,021.83	$	3.41		0.67	%
Class IB	$	1,000.00	$	1,079.30	$	4.82	$	1,000.00	$	1,020.57	$	4.69		0.92	%
Class IC	$	1,000.00	$	1,077.90	$	6.13	$	1,000.00	$	1,019.31	$	5.96		1.17	%
Hartford Disciplined Equity HLS Fund
Class IA	$	1,000.00	$	1,118.90	$	4.17	$	1,000.00	$	1,021.27	$	3.97		0.78	%
Class IB	$	1,000.00	$	1,117.30	$	5.50	$	1,000.00	$	1,020.01	$	5.24		1.03	%
Hartford Dividend and Growth HLS Fund
Class IA	$	1,000.00	$	1,112.80	$	3.62	$	1,000.00	$	1,021.78	$	3.47		0.68	%
Class IB	$	1,000.00	$	1,111.90	$	4.95	$	1,000.00	$	1,020.52	$	4.74		0.93	%
Hartford Global Growth HLS Fund
Class IA	$	1,000.00	$	1,080.50	$	4.20	$	1,000.00	$	1,021.17	$	4.08		0.80	%
Class IB	$	1,000.00	$	1,078.90	$	5.50	$	1,000.00	$	1,019.91	$	5.35		1.05	%
Hartford Growth Opportunities HLS Fund
Class IA	$	1,000.00	$	1,016.50	$	3.30	$	1,000.00	$	1,021.93	$	3.31		0.65	%
Class IB	$	1,000.00	$	1,015.20	$	4.57	$	1,000.00	$	1,020.67	$	4.58		0.90	%
Class IC	$	1,000.00	$	1,014.10	$	5.84	$	1,000.00	$	1,019.41	$	5.85		1.15	%
Hartford Healthcare HLS Fund
Class IA	$	1,000.00	$	1,152.80	$	4.94	$	1,000.00	$	1,020.62	$	4.63		0.91	%
Class IB	$	1,000.00	$	1,151.40	$	6.29	$	1,000.00	$	1,019.36	$	5.90		1.16	%

62

Hartford HLS Funds

Expense Examples (Unaudited) – (continued)

	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2019		Ending Account Value December 31, 2019		Expenses paid during the period July 1, 2019 through December 31, 2019		Beginning Account Value July 1, 2019		Ending Account Value December 31, 2019		Expenses paid during the period July 1, 2019 through December 31, 2019		Annualized expense ratio
Hartford High Yield HLS Fund
Class IA	$	1,000.00	$	1,045.40	$	3.97	$	1,000.00	$	1,021.32	$	3.92		0.77	%
Class IB	$	1,000.00	$	1,043.20	$	5.25	$	1,000.00	$	1,020.06	$	5.19		1.02	%
Hartford International Opportunities HLS Fund
Class IA	$	1,000.00	$	1,064.50	$	3.85	$	1,000.00	$	1,021.48	$	3.77		0.74	%
Class IB	$	1,000.00	$	1,063.60	$	5.15	$	1,000.00	$	1,020.22	$	5.04		0.99	%
Hartford MidCap HLS Fund
Class IA	$	1,000.00	$	1,054.20	$	3.57	$	1,000.00	$	1,021.73	$	3.52		0.69	%
Class IB	$	1,000.00	$	1,052.80	$	4.86	$	1,000.00	$	1,020.47	$	4.79		0.94	%
Hartford MidCap Growth HLS Fund
Class IA	$	1,000.00	$	1,094.20	$	4.80	$	1,000.00	$	1,020.62	$	4.63		0.91	%
Class IB	$	1,000.00	$	1,094.40	$	6.12	$	1,000.00	$	1,019.36	$	5.90		1.16	%
Hartford MidCap Value HLS Fund
Class IA	$	1,000.00	$	1,117.40	$	4.32	$	1,000.00	$	1,021.12	$	4.13		0.81	%
Class IB	$	1,000.00	$	1,116.60	$	5.66	$	1,000.00	$	1,019.86	$	5.40		1.06	%
Hartford Small Cap Growth HLS Fund
Class IA	$	1,000.00	$	1,097.70	$	3.38	$	1,000.00	$	1,021.98	$	3.26		0.64	%
Class IB	$	1,000.00	$	1,096.00	$	4.70	$	1,000.00	$	1,020.72	$	4.53		0.89	%
Hartford Small Company HLS Fund
Class IA	$	1,000.00	$	1,070.10	$	4.12	$	1,000.00	$	1,021.22	$	4.02		0.79	%
Class IB	$	1,000.00	$	1,069.20	$	5.42	$	1,000.00	$	1,019.96	$	5.30		1.04	%
Hartford Stock HLS Fund
Class IA	$	1,000.00	$	1,085.40	$	2.68	$	1,000.00	$	1,022.64	$	2.60		0.51	%
Class IB	$	1,000.00	$	1,084.10	$	3.99	$	1,000.00	$	1,021.37	$	3.87		0.76	%
Hartford Total Return Bond HLS Fund
Class IA	$	1,000.00	$	1,031.70	$	2.61	$	1,000.00	$	1,022.64	$	2.60		0.51	%
Class IB	$	1,000.00	$	1,030.90	$	3.89	$	1,000.00	$	1,021.37	$	3.87		0.76	%
Hartford Ultrashort Bond HLS Fund
Class IA	$	1,000.00	$	1,011.10	$	2.28	$	1,000.00	$	1,022.94	$	2.29		0.45	%
Class IB	$	1,000.00	$	1,009.40	$	3.55	$	1,000.00	$	1,021.68	$	3.57		0.70	%
Hartford U.S. Government Securities HLS Fund
Class IA	$	1,000.00	$	1,011.90	$	2.54	$	1,000.00	$	1,022.69	$	2.55		0.50	%
Class IB	$	1,000.00	$	1,010.10	$	3.80	$	1,000.00	$	1,021.43	$	3.82		0.75	%
Hartford Value HLS Fund
Class IA	$	1,000.00	$	1,095.80	$	3.80	$	1,000.00	$	1,021.58	$	3.67		0.72	%
Class IB	$	1,000.00	$	1,094.10	$	5.12	$	1,000.00	$	1,020.32	$	4.94		0.97	%

63

Hartford Balanced HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 67.7%
		Automobiles & Components - 0.7%
	488,680	Gentex Corp.	$	14,161,946
		Banks - 7.0%
	1,030,430	Bank of America Corp.		36,291,745
	349,370	Citigroup, Inc.		27,911,169
	318,460	JP Morgan Chase & Co.		44,393,324
	125,840	PNC Financial Services Group, Inc.		20,087,839
	324,000	Truist Financial Corp.		18,247,680
				146,931,757
		Capital Goods - 6.4%
	112,970	Deere & Co.		19,573,182
	229,460	Fortune Brands Home & Security, Inc.		14,992,916
	122,930	Ingersoll-Rand plc		16,339,856
	100,410	L3Harris Technologies, Inc.		19,868,127
	61,120	Lockheed Martin Corp.		23,798,905
	671,370	nVent Electric plc		17,173,645
	151,280	United Technologies Corp.		22,655,693
				134,402,324
		Consumer Durables & Apparel - 1.2%
	248,800	Lennar Corp. Class A		13,880,552
	398,720	Tapestry, Inc.		10,753,478
				24,634,030
		Consumer Services - 0.8%
	148,086	Hilton Worldwide Holdings, Inc.		16,424,218
		Diversified Financials - 0.3%
	132,340	Blackstone Group, Inc. Class A		7,403,100
		Energy - 3.1%
	130,650	Concho Resources, Inc.		11,441,020
	295,400	Exxon Mobil Corp.		20,613,012
	696,090	Noble Energy, Inc.		17,290,876
	100,970	Pioneer Natural Resources Co.		15,283,829
				64,628,737
		Food & Staples Retailing - 0.7%
	343,500	US Foods Holding Corp.*		14,389,215
		Food, Beverage & Tobacco - 0.8%
	314,770	Mondelez International, Inc. Class A		17,337,532
		Health Care Equipment & Services - 5.2%
	93,370	Anthem, Inc.		28,200,541
	322,075	Koninklijke Philips N.V.		15,744,218
	235,185	Medtronic plc		26,681,738
	130,360	UnitedHealth Group, Inc.		38,323,233
				108,949,730
		Household & Personal Products - 0.7%
	253,930	Unilever N.V.		14,590,818
		Insurance - 3.7%
	363,170	American International Group, Inc.		18,641,516
	126,710	Assurant, Inc.		16,609,147
	160,110	Intact Financial Corp.		17,313,655
	344,090	Progressive Corp.		24,908,675
				77,472,993
		Materials - 3.4%
	183,520	Celanese Corp.		22,594,982
	266,386	Dow, Inc.*		14,579,306
	179,600	FMC Corp.		17,927,672
	398,130	Sealed Air Corp.		15,857,518
				70,959,478
		Media & Entertainment - 6.7%
	52,345	Alphabet, Inc. Class C*		69,986,312
	655,340	Comcast Corp. Class A		29,470,640

Shares or Principal Amount			Market Value†
COMMON STOCKS - 67.7% - (continued)
		Media & Entertainment - 6.7% - (continued)
	203,420	Facebook, Inc. Class A*	$	41,751,955
				141,208,907
		Pharmaceuticals, Biotechnology & Life Sciences - 6.8%
	439,430	AstraZeneca plc ADR		21,909,980
	35,220	Biogen, Inc.*		10,450,830
	212,190	Eli Lilly & Co.		27,888,132
	177,513	Novartis AG		16,808,629
	738,960	Pfizer, Inc.		28,952,453
	62,930	Roche Holding AG		20,452,417
	69,800	Vertex Pharmaceuticals, Inc.*		15,282,710
				141,745,151
		Real Estate - 0.9%
	129,870	Crown Castle International Corp. REIT		18,461,020
		Retailing - 2.8%
	11,702,200	Allstar Co.*(1)(2)(3)		4,680,880
	127,280	Home Depot, Inc.		27,795,406
	346,590	TJX Cos., Inc.		21,162,785
	67,006	Tory Burch LLC*(1)(2)(3)		4,348,701
				57,987,772
		Semiconductors & Semiconductor Equipment - 4.2%
	175,420	Analog Devices, Inc.		20,846,913
	557,900	Intel Corp.		33,390,315
	95,640	KLA Corp.		17,040,179
	311,880	Micron Technology, Inc.*		16,772,906
				88,050,313
		Software & Services - 6.4%
	60,110	Adobe, Inc.*		19,824,879
	207,170	Amdocs Ltd.		14,955,603
	133,080	Fidelity National Information Services, Inc.		18,510,097
	516,070	Microsoft Corp.		81,384,239
				134,674,818
		Technology Hardware & Equipment - 2.9%
	584,300	Cisco Systems, Inc.		28,023,028
	625,080	Corning, Inc.		18,196,079
	236,260	NetApp, Inc.		14,707,185
				60,926,292
		Telecommunication Services - 1.2%
	415,260	Verizon Communications, Inc.		25,496,964
		Transportation - 1.0%
	120,110	Union Pacific Corp.		21,714,687
		Utilities - 0.8%
	390,520	Exelon Corp.		17,803,807
		Total Common Stocks (cost $975,044,859)	$	1,420,355,609
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 2.7%
		Asset-Backed - Automobile - 0.1%
$	55,618	ARI Fleet Lease Trust 1.91%, 04/15/2026(4)	$	55,561
	165,945	Canadian Pacer Auto Receivables Trust 2.05%, 03/19/2021(4)		165,931
		Chesapeake Funding LLC
	497,199	1.91%, 08/15/2029(4)		496,703
	340,246	2.19%, 05/15/2029, 1 mo. USD LIBOR + 0.450%(4)(5)		340,505
		Enterprise Fleet Financing LLC
	189,181	1.97%, 01/20/2023(4)		189,108
	44,446	2.13%, 07/20/2022(4)		44,446
	339,126	2.13%, 05/22/2023(4)		339,021

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

64

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 2.7% - (continued)
		Asset-Backed - Automobile - 0.1% - (continued)
$	321,350	First Investors Auto Owner Trust 3.41%, 04/18/2022(4)	$	321,926
	37,434	OneMain Direct Auto Receivables Trust 2.31%, 12/14/2021(4)		37,426
	183,125	Securitized Term Auto Receivables Trust 2.04%, 04/26/2021(4)		183,101
	89,777	Wheels SPV LLC 1.88%, 04/20/2026(4)		89,753
				2,263,481
		Asset-Backed - Finance & Insurance - 1.5%
	293,570	AASET Trust 3.84%, 05/15/2039(4)		295,552
	2,012,497	Ajax Mortgage Loan Trust 3.16%, 09/25/2056(4)(6)		2,013,341
	3,480,000	Atlas Senior Loan Fund Ltd. 3.30%, 01/16/2030, 3 mo. USD LIBOR + 1.300%(4)(5)		3,476,339
	911,124	Bayview Koitere Fund Trust 3.50%, 07/28/2057(4)(6)		926,737
		Bayview Opportunity Master Fund Trust
	476,146	3.50%, 01/28/2055(4)(6)		481,476
	501,277	3.50%, 06/28/2057(4)(6)		509,139
	475,854	4.00%, 11/28/2053(4)(6)		487,137
	667,309	4.00%, 10/28/2064(4)(6)		682,836
	1,705,000	CIFC Funding Ltd. 2.99%, 04/24/2030, 3 mo. USD LIBOR + 1.050%(4)(5)		1,699,970
		DB Master Finance LLC
	313,425	3.79%, 05/20/2049(4)		320,117
	278,600	4.02%, 05/20/2049(4)		285,426
		Ford Credit Floorplan Master Owner Trust
	430,000	2.09%, 03/15/2022(4)		429,989
	505,000	2.44%, 09/15/2026		506,317
		GreatAmerica Leasing Receivables Funding LLC
	1,000,243	2.36%, 01/20/2023(4)		1,001,559
	398,095	2.60%, 06/15/2021(4)		399,023
	332,000	2.83%, 06/17/2024(4)		334,816
		Horizon Aircraft Finance Ltd.
	303,185	3.43%, 11/15/2039(4)		301,400
	241,987	3.72%, 07/15/2039(4)		241,689
	1,465,000	KKR CLO Ltd. 3.34%, 04/15/2029, 3 mo. USD LIBOR + 1.340%(4)(5)		1,464,672
	2,635,000	Madison Park Funding Ltd. 2.75%, 04/15/2029, 3 mo. USD LIBOR + 0.750%(4)(5)		2,615,459
	2,690,000	Magnetite VII Ltd. 2.80%, 01/15/2028, 3 mo. USD LIBOR + 0.800%(4)(5)		2,681,981
	1,615,000	Magnetite XVIII Ltd. 3.41%, 11/15/2028, 3 mo. USD LIBOR + 1.500%(4)(5)		1,611,725
		MMAF Equipment Finance LLC
	564,086	2.21%, 10/17/2022(4)		564,448
	1,000,000	2.21%, 12/15/2032(4)		1,001,229
	66,845	OneMain Financial Issuance Trust 3.66%, 02/20/2029(4)		66,978
		Springleaf Funding Trust
	92,611	2.90%, 11/15/2029(4)		92,645
	755,000	3.48%, 05/15/2028(4)		756,779
		Towd Point Mortgage Trust
	862,815	2.75%, 10/25/2056(4)(6)		868,703
	214,696	2.75%, 04/25/2057(4)(6)		216,108
	654,299	2.75%, 06/25/2057(4)(6)		658,154
	312,179	3.00%, 01/25/2058(4)(6)		315,479
	2,635,000	Treman Park CLO Ltd. 3.04%, 10/20/2028, 3 mo. USD LIBOR + 1.070%(4)(5)		2,633,659
		Vantage Data Centers Issuer LLC
	338,867	3.19%, 07/15/2044(4)		341,004
	800,058	4.07%, 02/16/2043(4)		825,023
				31,106,909
		Commercial Mortgage - Backed Securities - 0.4%
	840,000	BAMLL Commercial Mortgage Securities Trust 4.09%, 08/10/2038(4)(6)		930,363
	2,220,000	CSMC Trust 2.76%, 04/05/2033(4)		2,223,104
		FREMF Mortgage Trust

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 2.7% - (continued)
		Commercial Mortgage - Backed Securities - 0.4% - (continued)
$	230,000	3.17%, 04/25/2046(4)(6)	$	229,814
	160,000	3.50%, 11/25/2045(4)(6)		163,060
	285,000	3.68%, 01/25/2048(4)(6)		292,763
	160,000	3.70%, 04/25/2048(4)(6)		164,823
	810,000	3.77%, 09/25/2029(4)(6)		814,542
	200,000	3.78%, 10/25/2048(4)(6)		206,987
	160,000	3.88%, 02/25/2050(4)(6)		165,407
	1,015,000	4.08%, 09/25/2025(4)(6)		1,055,579
	260,000	4.16%, 04/25/2049(4)(6)		274,028
	525,000	5.52%, 04/25/2020(4)(6)		525,584
	1,000,000	SFAVE Commercial Mortgage Securities Trust 4.14%, 01/05/2043(4)(6)		1,034,653
				8,080,707
		Other ABS - 0.3%
	1,113,867	AASET U.S. Ltd. 4.45%, 11/18/2038(4)		1,135,239
	1,225,000	BlueMountain CLO Ltd. 3.35%, 11/20/2028, 3 mo. USD LIBOR + 1.450%(4)(5)		1,215,455
	578,293	Castlelake Aircraft Securitization Trust 3.97%, 04/15/2039(4)		583,787
	1,695,000	Hertz Fleet Lease Funding L.P. 2.70%, 01/10/2033(4)		1,707,256
	246,745	Mach I 3.47%, 10/15/2039(4)		245,049
	232,997	MAPS Ltd. 4.46%, 03/15/2044(4)		239,840
	865,037	SoFi Consumer Loan Program Trust 3.54%, 11/26/2027(4)		871,995
		START Ireland
	248,500	3.54%, 11/15/2044(4)		248,495
	288,661	4.09%, 03/15/2044(4)		292,387
				6,539,503
		Whole Loan Collateral CMO - 0.4%
		Angel Oak Mortgage Trust LLC
	581,817	2.62%, 11/25/2059(4)(6)		580,823
	173,667	2.71%, 11/25/2047(4)(6)		173,488
	267,572	3.63%, 03/25/2049(4)(6)		270,600
		COLT Mortgage Loan Trust
	259,058	2.93%, 02/25/2048(4)(6)		259,197
	276,515	3.69%, 10/26/2048(4)(6)		277,966
		Deephaven Residential Mortgage Trust
	238,723	2.45%, 06/25/2047(4)(6)		238,348
	188,624	2.58%, 10/25/2047(4)(6)		188,509
	84,577	2.73%, 12/26/2046(4)(6)		84,273
	324,980	2.98%, 12/25/2057(4)(6)		324,773
	259,680	3.56%, 04/25/2059(4)(6)		261,416
	534,582	Fannie Mae Connecticut Avenue Securities 7.69%, 10/25/2028, 1 mo. USD LIBOR + 5.900%(5)		577,352
	629,123	MetLife Securitization Trust 3.00%, 04/25/2055(4)(6)		636,161
		Mill City Mortgage Loan Trust
	226,661	2.50%, 04/25/2057(4)(6)		226,239
	663,328	2.75%, 01/25/2061(4)(6)		666,289
	818,374	New Residential Mortgage Loan Trust 4.00%, 04/25/2057(4)(6)		850,343
		Seasoned Credit Risk Transfer Trust
	837,415	3.50%, 03/25/2058		867,862
	820,079	3.50%, 07/25/2058		846,752
	1,083,041	3.50%, 10/25/2058		1,125,809
	543,886	Towd Point Mortgage Trust 2.25%, 04/25/2056(4)(6)		542,526
	687,515	Verus Securitization Trust 3.21%, 05/25/2059(4)(6)		691,730
				9,690,456
		Total Asset & Commercial Mortgage Backed Securities (cost $57,571,843)	$	57,681,056

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

65

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 17.6%
		Aerospace/Defense - 0.3%
$	850,000	BAE Systems Holdings, Inc. 3.85%, 12/15/2025(4)	$	902,297
	540,000	Boeing Co. 2.70%, 02/01/2027		547,511
		Lockheed Martin Corp.
	500,000	4.07%, 12/15/2042		570,993
	256,000	4.50%, 05/15/2036		303,637
	560,000	4.85%, 09/15/2041		673,582
		United Technologies Corp.
	685,000	3.95%, 08/16/2025		747,046
	1,500,000	4.13%, 11/16/2028		1,687,641
				5,432,707
		Agriculture - 0.5%
		Altria Group, Inc.
	560,000	4.50%, 05/02/2043		572,346
	1,995,000	4.75%, 05/05/2021		2,067,532
	280,000	5.80%, 02/14/2039		329,424
	3,160,000	BAT Capital Corp. 3.56%, 08/15/2027		3,226,442
		BAT International Finance plc
	2,775,000	3.25%, 06/07/2022(4)		2,836,582
	290,000	3.50%, 06/15/2022(4)		297,968
	1,065,000	Imperial Brands Finance plc 3.75%, 07/21/2022(4)		1,096,571
	325,000	Philip Morris International, Inc. 4.88%, 11/15/2043		388,642
				10,815,507
		Airlines - 0.2%
	2,679,447	Continental Airlines, Inc. 5.98%, 10/19/2023		2,818,697
	1,410,595	Southwest Airlines Co. 6.15%, 02/01/2024		1,485,995
	156,201	United Airlines Class B Pass Through Trust 4.60%, 09/01/2027		161,535
				4,466,227
		Auto Manufacturers - 0.5%
	1,440,000	Daimler Finance North America LLC 2.30%, 02/12/2021(4)		1,442,722
		Ford Motor Credit Co. LLC
	4,200,000	3.10%, 05/04/2023		4,196,860
	1,030,000	3.82%, 11/02/2027		998,843
		General Motors Financial Co., Inc.
	3,185,000	3.70%, 05/09/2023		3,283,704
	1,245,000	3.95%, 04/13/2024		1,301,591
				11,223,720
		Beverages - 0.6%
		Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc.
	1,750,000	3.65%, 02/01/2026		1,866,484
	310,000	4.70%, 02/01/2036		359,214
	280,000	4.90%, 02/01/2046		332,114
		Anheuser-Busch InBev Worldwide, Inc.
	1,125,000	3.50%, 01/12/2024		1,185,580
	220,000	4.38%, 04/15/2038		247,144
	2,515,000	4.75%, 01/23/2029		2,915,311
	1,300,000	Coca-Cola Femsa S.A.B. de C.V. 3.88%, 11/26/2023		1,373,555
		Molson Coors Brewing Co.
	2,725,000	3.00%, 07/15/2026		2,758,925
	765,000	3.50%, 05/01/2022		786,490
				11,824,817
		Biotechnology - 0.1%
	1,340,000	Biogen, Inc. 2.90%, 09/15/2020		1,349,849
	335,000	Gilead Sciences, Inc. 2.55%, 09/01/2020		336,428
				1,686,277
		Chemicals - 0.1%
	2,740,000	CNAC HK Synbridge Co., Ltd. 5.00%, 05/05/2020		2,761,208

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 17.6% - (continued)
		Commercial Banks - 4.1%
		Banco Santander S.A.
$	1,200,000	3.13%, 02/23/2023	$	1,224,909
	600,000	3.85%, 04/12/2023		625,935
		Bank of America Corp.
	1,220,000	2.63%, 10/19/2020		1,226,984
	1,799,000	3.42%, 12/20/2028, (3.42% fixed rate until 12/20/2027; 3 mo. USD LIBOR + 1.040% thereafter)(7)		1,889,209
	1,610,000	3.59%, 07/21/2028, (3.59% fixed rate until 07/21/2027; 3 mo. USD LIBOR + 1.370% thereafter)(7)		1,706,725
	4,225,000	4.20%, 08/26/2024		4,536,865
	2,380,000	Bank of Nova Scotia 2.70%, 08/03/2026		2,422,433
		Barclays plc
	2,740,000	3.20%, 08/10/2021		2,777,176
	1,000,000	3.93%, 05/07/2025, (3.93% fixed rate until 05/07/2024; 3 mo. USD LIBOR + 1.610% thereafter)(7)		1,051,250
	1,660,000	BB&T Corp. 3.20%, 09/03/2021		1,691,897
		BNP Paribas S.A.
	830,000	2.82%, 11/19/2025, (2.82% fixed rate until 11/19/2024; 3 mo. USD LIBOR + 1.111% thereafter)(4)(7)		839,858
	1,000,000	3.38%, 01/09/2025(4)		1,038,636
		BPCE S.A.
	450,000	3.50%, 10/23/2027(4)		465,025
	2,225,000	5.15%, 07/21/2024(4)		2,441,824
	3,625,000	5.70%, 10/22/2023(4)		4,003,486
	1,875,000	Capital One Financial Corp. 3.75%, 04/24/2024		1,974,785
		Citigroup, Inc.
	533,000	5.30%, 05/06/2044		680,013
	290,000	8.13%, 07/15/2039		484,142
	1,695,000	Citizens Bank NA 2.55%, 05/13/2021		1,708,034
		Credit Agricole S.A.
	1,025,000	3.25%, 10/04/2024(4)		1,062,507
	535,000	3.75%, 04/24/2023(4)		559,665
	790,000	4.38%, 03/17/2025(4)		846,939
		Credit Suisse AG
	855,000	3.00%, 10/29/2021		872,165
	250,000	3.63%, 09/09/2024		265,977
		Credit Suisse Group AG
	345,000	3.13%, 06/12/2024, 3 mo. USD LIBOR + 1.240%(4)(5)		349,131
	530,000	3.57%, 01/09/2023(4)		544,602
	260,000	3.87%, 01/12/2029, (3.87% fixed rate until 01/12/2028; 3 mo. USD LIBOR + 1.410% thereafter)(4)(7)		277,049
		Credit Suisse Group Funding Guernsey Ltd.
	1,425,000	3.75%, 03/26/2025		1,508,437
	1,885,000	3.80%, 09/15/2022		1,962,562
		Danske Bank A/S
	775,000	3.88%, 09/12/2023(4)		804,821
	440,000	5.00%, 01/12/2022(4)		462,173
	575,000	5.38%, 01/12/2024(4)		629,415
	785,000	Deutsche Bank AG 4.25%, 10/14/2021		807,390
		Goldman Sachs Group, Inc.
	250,000	3.81%, 04/23/2029, (3.81% fixed rate until 04/23/2028; 3 mo. USD LIBOR + 1.158% thereafter)(7)		268,220
	2,000,000	6.25%, 02/01/2041		2,796,716
		HSBC Holdings plc
	1,030,000	3.40%, 03/08/2021		1,046,365
	3,625,000	3.60%, 05/25/2023		3,781,908
	1,490,000	Huntington National Bank 2.40%, 04/01/2020		1,491,040

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

66

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 17.6% - (continued)
		Commercial Banks - 4.1% - (continued)
		ING Groep N.V.
$	345,000	3.15%, 03/29/2022	$	352,747
	1,100,000	3.95%, 03/29/2027		1,186,186
		JP Morgan Chase & Co.
	2,240,000	3.25%, 09/23/2022		2,317,607
	1,660,000	3.70%, 05/06/2030, (3.70% fixed rate until 05/06/2029; 3 mo. USD LIBOR + 1.160% thereafter)(7)		1,788,453
	2,775,000	4.45%, 12/05/2029, (4.45% fixed rate until 12/05/2028; 3 mo. USD LIBOR + 1.330% thereafter)(7)		3,158,203
	470,000	Macquarie Bank Ltd. 2.40%, 01/21/2020(4)		470,054
	1,500,000	Macquarie Group Ltd. 4.15%, 03/27/2024, (4.15% fixed rate until 03/27/2023; 3 mo. USD LIBOR + 1.330% thereafter)(4)(7)		1,576,467
		Morgan Stanley
	1,450,000	3.13%, 07/27/2026		1,497,184
	2,450,000	3.63%, 01/20/2027		2,608,795
	1,000,000	3.70%, 10/23/2024		1,062,304
	4,905,000	NBK SPC Ltd. 2.75%, 05/30/2022(4)		4,937,726
	1,755,000	Santander Holdings USA, Inc. 3.40%, 01/18/2023		1,799,482
	685,000	UBS Group AG 3.13%, 08/13/2030, (3.13% fixed rate until 08/13/2029; 3 mo. USD LIBOR + 1.468% thereafter)(4)(7)		696,830
		UBS Group Funding Switzerland AG
	1,665,000	2.95%, 09/24/2020(4)		1,676,644
	1,900,000	3.00%, 04/15/2021(4)		1,924,748
		Wells Fargo & Co.
	4,344,000	4.48%, 01/16/2024		4,691,621
	850,000	4.75%, 12/07/2046		1,020,761
				85,892,080
		Commercial Services - 0.3%
		CommonSpirit Health
	1,854,000	2.95%, 11/01/2022		1,889,103
	245,000	4.35%, 11/01/2042		251,648
		ERAC USA Finance LLC
	1,800,000	4.50%, 08/16/2021(4)		1,869,363
	1,500,000	5.63%, 03/15/2042(4)		1,903,452
				5,913,566
		Diversified Financial Services - 0.3%
	4,610,520	Postal Square L.P. 8.95%, 06/15/2022		5,075,053
	1,220,000	Societe Generale S.A. 3.25%, 01/12/2022(4)		1,245,209
				6,320,262
		Electric - 1.9%
		Cleco Corporate Holdings LLC
	650,000	3.38%, 09/15/2029(4)		652,800
	1,294,000	3.74%, 05/01/2026		1,337,195
	875,000	4.97%, 05/01/2046		971,047
	1,960,000	Cleveland Electric Illuminating Co. 3.50%, 04/01/2028(4)		2,041,574
		Dominion Energy South Carolina, Inc.
	205,000	4.60%, 06/15/2043		243,454
	1,180,000	6.05%, 01/15/2038		1,607,145
	360,000	6.63%, 02/01/2032		488,324
		Dominion Energy, Inc.
	2,090,000	2.45%, 01/15/2023(4)		2,097,304
	310,000	2.72%, 08/15/2021(8)		312,376
	1,750,000	4.10%, 04/01/2021(8)		1,793,604
	1,200,000	Duke Energy Carolinas LLC 6.10%, 06/01/2037		1,632,688
	265,000	Duke Energy Corp. 3.40%, 06/15/2029		277,006
	1,375,000	Electricite de France S.A. 5.63%, 12/29/2049, (5.63% fixed rate until 01/22/2024; 10 year USD Swap + 3.041% thereafter)(4)(7)(9)		1,457,500

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 17.6% - (continued)
		Electric - 1.9% - (continued)
$	365,000	Emera U.S. Finance L.P. 2.70%, 06/15/2021	$	368,397
	1,165,000	Evergy, Inc. 2.90%, 09/15/2029		1,159,527
	1,000,000	FirstEnergy Corp. 3.90%, 07/15/2027		1,069,674
	2,405,000	Fortis, Inc. 3.06%, 10/04/2026		2,456,528
		Georgia Power Co.
	845,000	4.30%, 03/15/2042		927,236
	245,000	4.75%, 09/01/2040		277,909
	1,275,000	Indianapolis Power and Light Co. 6.60%, 06/01/2037(4)		1,758,606
	515,000	Infraestructura Energetica Nova S.A.B. de C.V. 4.88%, 01/14/2048(4)		490,537
		NextEra Energy Capital Holdings, Inc.
	630,000	2.75%, 11/01/2029		633,361
	215,000	3.25%, 04/01/2026		223,978
	335,000	3.50%, 04/01/2029		356,627
	645,000	Niagara Mohawk Power Corp. 4.28%, 12/15/2028(4)		719,582
	1,325,000	Oglethorpe Power Corp. 5.25%, 09/01/2050		1,592,554
		Oncor Electric Delivery Co. LLC
	385,000	2.95%, 04/01/2025		393,805
	1,185,000	4.10%, 06/01/2022		1,238,954
	2,300,000	PPL Capital Funding, Inc. 3.10%, 05/15/2026		2,341,695
		SCANA Corp.
	893,000	4.13%, 02/01/2022		917,733
	1,222,000	4.75%, 05/15/2021		1,249,478
	484,000	6.25%, 04/01/2020		487,674
	2,000,000	Southern California Edison Co. 5.55%, 01/15/2037		2,416,666
		Southern Co.
	1,450,000	2.75%, 06/15/2020		1,453,453
	2,050,000	2.95%, 07/01/2023		2,102,909
	385,000	4.40%, 07/01/2046		426,990
				39,975,890
		Engineering & Construction - 0.1%
		SBA Tower Trust
	1,235,000	2.88%, 07/15/2046(4)		1,239,117
	225,000	3.45%, 03/15/2048(4)		231,812
				1,470,929
		Food - 0.3%
		Conagra Brands, Inc.
	455,000	4.60%, 11/01/2025		502,694
	530,000	5.30%, 11/01/2038		629,441
	1,255,000	Danone S.A. 2.95%, 11/02/2026(4)		1,282,100
	505,000	Kraft Heinz Foods Co. 4.38%, 06/01/2046		497,814
	1,065,000	Kroger Co. 4.00%, 02/01/2024		1,135,264
	480,000	Sigma Alimentos S.A. de C.V. 4.13%, 05/02/2026(4)		502,205
	675,000	Tyson Foods, Inc. 5.10%, 09/28/2048		849,932
				5,399,450
		Gas - 0.2%
	330,000	Boston Gas Co. 3.15%, 08/01/2027(4)		341,265
	1,145,000	Dominion Energy Gas Holdings LLC 3.00%, 11/15/2029		1,141,145
	1,870,000	KeySpan Gas East Corp. 2.74%, 08/15/2026(4)		1,874,619
	350,000	Sempra Energy 3.40%, 02/01/2028		362,839
				3,719,868
		Healthcare-Products - 0.0%
	400,000	Alcon Finance Corp. 3.80%, 09/23/2049(4)		419,698
	135,000	Boston Scientific Corp. 4.00%, 03/01/2029		149,409
	305,000	Medtronic, Inc. 3.15%, 03/15/2022		313,698
				882,805
		Healthcare - Services - 0.6%
		Anthem, Inc.
	421,000	3.30%, 01/15/2023		435,636

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

67

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 17.6% - (continued)
		Healthcare - Services - 0.6% - (continued)
$	1,360,000	4.10%, 03/01/2028	$	1,477,775
	475,000	4.65%, 08/15/2044		538,437
		CommonSpirit Health
	125,000	4.19%, 10/01/2049		124,978
	590,000	4.20%, 08/01/2023		623,286
		Dignity Health
	714,000	3.81%, 11/01/2024		753,863
	1,353,000	4.50%, 11/01/2042		1,406,996
	425,000	HCA, Inc. 5.25%, 06/15/2049		475,120
	1,770,000	Humana, Inc. 2.90%, 12/15/2022		1,803,596
		Mercy Health
	1,400,000	3.56%, 08/01/2027		1,448,731
	1,210,000	4.30%, 07/01/2028		1,355,606
		UnitedHealth Group, Inc.
	920,000	3.35%, 07/15/2022		952,950
	1,440,000	3.75%, 07/15/2025		1,555,575
				12,952,549
		Household Products - 0.1%
	2,240,640	Procter & Gamble - Esop 9.36%, 01/01/2021		2,303,522
		Insurance - 0.5%
	1,255,000	American International Group, Inc. 4.25%, 03/15/2029		1,397,101
	1,000,000	Berkshire Hathaway, Inc. 2.75%, 03/15/2023		1,025,424
		Chubb INA Holdings, Inc.
	495,000	2.30%, 11/03/2020		496,753
	840,000	3.35%, 05/15/2024		885,114
	200,000	Five Corners Funding Trust 4.42%, 11/15/2023(4)		217,133
		Liberty Mutual Group, Inc.
	122,000	4.25%, 06/15/2023(4)		129,649
	428,000	4.57%, 02/01/2029(4)		478,313
	705,000	Marsh & McLennan Cos., Inc. 4.38%, 03/15/2029		803,799
		MetLife, Inc.
	2,205,000	3.60%, 04/10/2024		2,349,605
	795,000	4.88%, 11/13/2043		985,855
	132,000	Northwestern Mutual Life Insurance Co. 3.63%, 09/30/2059(4)		132,388
	2,220,000	Trinity Acquisition plc 4.40%, 03/15/2026		2,413,985
				11,315,119
		Internet - 0.3%
	1,775,000	Alibaba Group Holding Ltd. 3.40%, 12/06/2027		1,849,394
		Amazon.com, Inc.
	1,250,000	2.50%, 11/29/2022		1,274,875
	1,020,000	4.80%, 12/05/2034		1,287,170
		Tencent Holdings Ltd.
	1,095,000	3.60%, 01/19/2028(4)		1,144,689
	470,000	3.98%, 04/11/2029(4)		507,580
				6,063,708
		IT Services - 0.2%
		Apple, Inc.
	546,000	3.25%, 02/23/2026		578,255
	1,360,000	3.45%, 05/06/2024		1,444,370
	1,675,000	International Business Machines Corp. 3.30%, 05/15/2026		1,768,228
				3,790,853
		Machinery - Construction & Mining - 0.1%
	1,500,000	Caterpillar Financial Services Corp. 3.30%, 06/09/2024		1,577,286
		Media - 0.8%
	570,000	CBS Corp. 3.70%, 06/01/2028		597,752
	485,000	Charter Communications Operating LLC / Charter Communications Operating Capital 5.38%, 05/01/2047		544,125

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 17.6% - (continued)
		Media - 0.8% - (continued)
		Comcast Corp.
$	1,140,000	3.95%, 10/15/2025	$	1,244,210
	2,050,000	4.40%, 08/15/2035		2,404,708
	585,000	4.60%, 10/15/2038		697,476
		Cox Communications, Inc.
	80,000	4.60%, 08/15/2047(4)		88,839
	2,320,000	4.80%, 02/01/2035(4)		2,569,988
	365,000	Fox Corp. 4.03%, 01/25/2024(4)		388,965
	2,386,000	Sky Ltd. 3.75%, 09/16/2024(4)		2,555,964
		Time Warner Cable LLC
	395,000	6.55%, 05/01/2037		484,564
	250,000	7.30%, 07/01/2038		326,122
	130,000	Time Warner Entertainment Co., L.P. 8.38%, 03/15/2023		153,448
		Viacom, Inc.
	835,000	3.88%, 12/15/2021		863,899
	2,175,000	4.25%, 09/01/2023		2,316,537
	400,000	5.85%, 09/01/2043		501,165
		Walt Disney Co.
	385,000	4.00%, 10/01/2023		412,908
	1,275,000	4.50%, 02/15/2021		1,313,950
				17,464,620
		Mining - 0.1%
	1,575,000	Glencore Finance Canada Ltd. 4.25%, 10/25/2022(4)		1,649,066
		Oil & Gas - 0.8%
	1,200,000	BG Energy Capital plc 4.00%, 10/15/2021(4)		1,239,679
	655,000	BP Capital Markets America, Inc. 3.25%, 05/06/2022		676,096
	2,080,000	Cimarex Energy Co. 4.38%, 06/01/2024		2,197,084
	130,000	ConocoPhillips Co. 4.95%, 03/15/2026		149,604
		Equinor ASA
	160,000	2.45%, 01/17/2023		162,518
	1,850,000	2.90%, 11/08/2020		1,865,421
	210,000	3.25%, 11/10/2024		221,303
	45,000	3.70%, 03/01/2024		47,947
	1,290,000	Hess Corp. 7.30%, 08/15/2031		1,644,103
		Occidental Petroleum Corp.
	1,326,000	4.85%, 03/15/2021		1,365,888
	330,000	7.50%, 05/01/2031		429,390
	3,540,000	Pioneer Natural Resources Co. 7.50%, 01/15/2020		3,545,876
	815,000	Saudi Arabian Oil Co. 3.50%, 04/16/2029(4)		844,977
	1,375,000	Total Capital International S.A. 2.70%, 01/25/2023		1,405,098
				15,794,984
		Oil & Gas Services - 0.0%
	948,000	Schlumberger Holdings Corp. 3.90%, 05/17/2028(4)		1,010,003
		Pharmaceuticals - 0.9%
		AbbVie, Inc.
	490,000	4.05%, 11/21/2039(4)		515,018
	805,000	4.25%, 11/21/2049(4)		854,764
		Allergan Funding SCS
	645,000	3.45%, 03/15/2022		659,812
	975,000	3.80%, 03/15/2025		1,024,635
	600,000	4.85%, 06/15/2044		653,929
		Allergan Sales LLC
	142,000	4.88%, 02/15/2021(4)		146,142
	800,000	5.00%, 12/15/2021(4)		836,744
		Bayer U.S. Finance LLC
	955,000	3.38%, 10/08/2024(4)		984,443
	2,230,000	4.25%, 12/15/2025(4)		2,406,728
	770,000	Bristol-Myers Squibb Co. 3.55%, 08/15/2022(4)		800,264
	955,000	Cigna Corp. 4.38%, 10/15/2028		1,058,033
	3,130,000	CVS Health Corp. 4.10%, 03/25/2025		3,360,569

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

68

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 17.6% - (continued)
		Pharmaceuticals - 0.9% - (continued)
$	2,015,000	EMD Finance LLC 2.95%, 03/19/2022(4)	$	2,042,342
		Merck & Co., Inc.
	1,960,000	2.75%, 02/10/2025		2,033,705
	1,640,000	2.80%, 05/18/2023		1,689,817
				19,066,945
		Pipelines - 0.7%
	872,000	Energy Transfer Operating L.P. 7.60%, 02/01/2024		1,010,988
	375,000	Energy Transfer Partners L.P. 4.50%, 11/01/2023		397,333
	2,395,000	EQM Midstream Partners L.P. 4.75%, 07/15/2023		2,402,644
		MPLX L.P.
	485,000	4.00%, 03/15/2028		502,350
	1,280,000	4.13%, 03/01/2027		1,344,562
		Phillips 66 Partners L.P.
	2,425,000	3.61%, 02/15/2025		2,542,184
	650,000	3.75%, 03/01/2028		677,073
		Sunoco Logistics Partners Operations L.P.
	1,775,000	3.90%, 07/15/2026		1,844,035
	509,000	4.40%, 04/01/2021		521,280
	1,075,000	5.35%, 05/15/2045		1,156,103
	2,470,000	Western Midstream Operating L.P. 4.00%, 07/01/2022		2,531,906
				14,930,458
		Real Estate - 0.2%
	1,920,000	WEA Finance LLC 4.13%, 09/20/2028(4)		2,079,219
	1,400,000	WEA Finance LLC / Westfield UK & Europe Finance plc 3.25%, 10/05/2020(4)		1,411,274
				3,490,493
		Real Estate Investment Trusts - 0.6%
		American Tower Corp.
	975,000	3.45%, 09/15/2021		997,210
	1,346,000	3.80%, 08/15/2029		1,439,048
	375,000	4.40%, 02/15/2026		409,228
	400,000	5.00%, 02/15/2024		439,947
	760,000	AvalonBay Communities, Inc. 3.63%, 10/01/2020		766,095
	1,950,000	Brandywine Operating Partnership L.P. 3.95%, 11/15/2027		2,038,824
		Crown Castle International Corp.
	635,000	3.65%, 09/01/2027		672,031
	525,000	3.80%, 02/15/2028		559,645
	2,960,000	HCP, Inc. 4.00%, 06/01/2025		3,182,652
	980,000	Healthpeak Properties, Inc. 3.00%, 01/15/2030		983,871
	470,000	SBA Tower Trust 2.84%, 01/15/2025(4)		474,791
	745,000	Simon Property Group L.P. 2.45%, 09/13/2029		733,438
				12,696,780
		Retail - 0.3%
	1,325,000	AutoZone, Inc. 3.25%, 04/15/2025		1,381,597
		CVS Health Corp.
	2,100,000	4.00%, 12/05/2023		2,222,438
	685,000	4.88%, 07/20/2035		787,893
	945,000	Lowe’s Cos., Inc. 4.55%, 04/05/2049		1,115,741
				5,507,669
		Savings & Loans - 0.0%
	540,000	Nationwide Building Society 3.62%, 04/26/2023, (3.62% fixed rate until 04/26/2022; 3 mo. USD LIBOR + 1.181% thereafter)(4)(7)		555,481
		Semiconductors - 0.2%
		Broadcom Corp. / Broadcom Cayman Finance Ltd.
	1,855,000	3.63%, 01/15/2024		1,922,568
	935,000	3.88%, 01/15/2027		971,239
	110,000	Broadcom, Inc. 4.25%, 04/15/2026(4)		116,839
	810,000	Microchip Technology, Inc. 3.92%, 06/01/2021		828,371
				3,839,017

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 17.6% - (continued)
		Software - 0.3%
$	1,820,000	Fiserv, Inc. 3.20%, 07/01/2026	$	1,884,875
		Microsoft Corp.
	1,605,000	2.40%, 08/08/2026		1,624,011
	1,000,000	3.70%, 08/08/2046		1,130,754
	2,300,000	Oracle Corp. 3.25%, 11/15/2027		2,437,711
				7,077,351
		Telecommunications - 1.0%
	635,000	America Movil S.A.B. de C.V. 3.13%, 07/16/2022		649,618
		AT&T, Inc.
	2,325,000	3.60%, 07/15/2025		2,461,136
	355,000	3.95%, 01/15/2025		380,525
	800,000	4.13%, 02/17/2026		867,150
	2,185,000	4.45%, 04/01/2024		2,368,671
	1,125,000	British Telecommunications plc 3.25%, 11/08/2029(4)		1,124,171
		Deutsche Telekom International Finance B.V.
	450,000	3.60%, 01/19/2027(4)		473,919
	665,000	4.38%, 06/21/2028(4)		742,689
	715,000	GTP Acquisition Partners LLC 2.35%, 06/15/2045(4)		715,115
	576,000	Orange S.A. 9.00%, 03/01/2031		892,242
	2,440,000	Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 4.74%, 09/20/2029(4)		2,583,911
		Telefonica Emisiones S.A.
	1,035,000	5.21%, 03/08/2047		1,228,447
	300,000	5.52%, 03/01/2049		376,372
		Verizon Communications, Inc.
	2,300,000	2.95%, 03/15/2022		2,352,649
	2,086,000	4.52%, 09/15/2048		2,503,086
	222,000	4.67%, 03/15/2055		274,299
	715,000	4.75%, 11/01/2041		865,325
	283,000	4.81%, 03/15/2039		341,628
				21,200,953
		Transportation - 0.4%
		FedEx Corp.
	62,000	4.05%, 02/15/2048		59,906
	155,000	4.10%, 02/01/2045		150,439
	211,000	4.55%, 04/01/2046		217,038
	425,000	4.75%, 11/15/2045		447,583
	397,000	4.95%, 10/17/2048		434,024
		Penske Truck Leasing Co. L.P. / PTL Finance Corp.
	155,000	2.70%, 11/01/2024(4)		156,109
	1,685,000	3.20%, 07/15/2020(4)		1,692,228
	1,100,000	3.38%, 02/01/2022(4)		1,123,415
	2,850,000	3.95%, 03/10/2025(4)		3,028,089
				7,308,831
		Water - 0.0%
	625,000	American Water Capital Corp. 2.95%, 09/01/2027		638,889
		Total Corporate Bonds (cost $348,583,247)	$	368,019,890
FOREIGN GOVERNMENT OBLIGATIONS - 0.5%
		Qatar - 0.4%
		Qatar Government International Bond
$	4,990,000	2.38%, 06/02/2021(4)	$	5,002,934
	1,680,000	3.88%, 04/23/2023(4)		1,773,512
	636,000	4.00%, 03/14/2029(4)		709,779
				7,486,225
		Saudi Arabia - 0.1%
		Saudi Government International Bond
	935,000	2.38%, 10/26/2021(4)		937,992
	1,385,000	2.88%, 03/04/2023(4)		1,409,348
				2,347,340
		Total Foreign Government Obligations (cost $9,553,224)	$	9,833,565

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

69

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
MUNICIPAL BONDS - 0.9%
		Airport - 0.0%
$	190,000	Broward County, FL, Airport System Rev 3.48%, 10/01/2043	$	190,844
		Education - 0.0%
	310,000	Massachusetts School Building Auth 3.40%, 10/15/2040		309,907
		General - 0.4%
		Chicago, IL, Transit Auth
	140,000	6.30%, 12/01/2021		147,414
	1,000,000	6.90%, 12/01/2040		1,350,920
	365,000	City of Sacramento, CA 6.42%, 08/01/2023		414,815
	375,000	Metropolitan Transportation Auth, NY, Rev 6.67%, 11/15/2039		532,241
	2,205,000	New York State Urban Dev Corp. Rev 2.10%, 03/15/2022		2,209,807
	1,250,000	Philadelphia Auth for Industrial Dev 6.55%, 10/15/2028		1,559,838
	1,355,000	Sales Tax Securitization Corp., IL 4.79%, 01/01/2048		1,574,171
				7,789,206
		General Obligation - 0.2%
		California State, GO Taxable
	420,000	7.35%, 11/01/2039		645,170
	220,000	7.55%, 04/01/2039		352,884
	685,000	Chicago, IL, Metropolitan Water Reclamation Dist, GO 5.72%, 12/01/2038		896,199
	1,180,000	State of Illinois, GO 5.10%, 06/01/2033(10)		1,272,076
				3,166,329
		Power - 0.0%
	485,000	New York, Utility Debt Securitization Auth 3.44%, 12/15/2025		499,453
		Transportation - 0.1%
	225,000	Bay Area Toll Auth, CA 2.57%, 04/01/2031		223,693
		Foothill-Eastern Transportation Corridor Agency
	620,000	3.92%, 01/15/2053		611,655
	180,000	4.09%, 01/15/2049		179,703
	875,000	Illinois State Toll Highway Auth 6.18%, 01/01/2034		1,161,492
	570,000	New York and New Jersey Port Auth, Taxable Rev 6.04%, 12/01/2029		733,978
				2,910,521
		Utility - Electric - 0.2%
	785,000	Illinois Municipal Electric Agency 6.83%, 02/01/2035		1,017,313
		Municipal Electric Auth, GA
	1,596,000	6.64%, 04/01/2057		2,148,982
	412,000	6.66%, 04/01/2057		567,493
				3,733,788
		Total Municipal Bonds (cost $16,738,916)	$	18,600,048
U.S. GOVERNMENT AGENCIES - 2.3%
		Mortgage-Backed Agencies - 2.3%
		FHLMC - 1.6%
$	570,000	2.28%, 07/25/2026	$	570,742
	194,703	2.50%, 10/01/2049		192,558
	10,688,623	2.50%, 11/01/2049		10,570,866
	3,916,829	2.50%, 12/01/2049		3,873,677
	3,374,672	3.00%, 11/01/2049		3,424,057
	1,730,508	3.00%, 12/01/2049		1,756,024
	3,693,900	3.00%, 01/01/2050		3,749,650
	8,339,585	3.50%, 08/01/2048		8,580,541
	24,764	4.00%, 03/01/2041		26,577

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT AGENCIES - 2.3% - (continued)
		Mortgage-Backed Agencies - 2.3% - (continued)
		FHLMC - 1.6% - (continued)
$	17,324	4.62%, 04/01/2029, 12 mo. USD CMT + 2.252%(5)	$	18,003
				32,762,695
		FNMA - 0.6%
	487,778	2.25%, 10/25/2024, 1 mo. USD LIBOR + 0.400%(5)		486,873
	1,735,461	2.50%, 12/01/2049		1,716,342
	650,000	2.78%, 06/01/2026		668,360
	1,143,411	3.00%, 03/01/2049		1,159,754
	1,580,232	3.00%, 03/25/2053		1,620,115
	325,000	3.07%, 02/01/2025		338,396
	1,590,602	3.50%, 12/01/2048		1,637,699
	3,229,204	3.50%, 06/25/2059		3,390,642
	38,086	4.50%, 11/01/2023		40,053
	117,783	4.50%, 03/01/2038		127,821
	60,213	4.50%, 11/01/2039		65,322
	41,747	4.50%, 04/01/2040		45,333
	90,869	4.50%, 08/01/2040		97,775
	35,635	4.50%, 02/01/2041		38,697
	507,839	4.50%, 04/01/2041		551,315
	307,031	4.50%, 06/01/2041		333,443
	418,505	4.50%, 07/01/2041		454,536
	150,500	4.50%, 09/01/2041		163,462
	58,963	4.50%, 07/01/2044		62,737
				12,998,675
		GNMA - 0.1%
	75,056	5.00%, 07/15/2037		83,553
	7,811	6.00%, 06/15/2024		8,599
	4,239	6.00%, 07/15/2026		4,667
	2,925	6.00%, 01/15/2028		3,221
	1,698	6.00%, 03/15/2028		1,880
	42,683	6.00%, 04/15/2028		47,065
	62,019	6.00%, 05/15/2028		68,281
	17,491	6.00%, 06/15/2028		19,257
	38,201	6.00%, 07/15/2028		42,059
	15,381	6.00%, 08/15/2028		16,935
	41,026	6.00%, 09/15/2028		45,169
	87,930	6.00%, 10/15/2028		96,809
	80,598	6.00%, 11/15/2028		88,736
	82,752	6.00%, 12/15/2028		91,116
	2,097	6.00%, 12/15/2031		2,357
	20,638	6.00%, 09/15/2032		23,575
	7,643	6.00%, 11/15/2032		8,568
	1,882	6.00%, 04/15/2033		2,072
	78,019	6.00%, 06/15/2033		87,283
	28,222	6.00%, 10/15/2033		32,232
	3,631	6.00%, 11/15/2033		4,146
	58,653	6.00%, 10/15/2034		65,307
	55,889	6.00%, 01/15/2035		61,652
	6,984	6.00%, 05/15/2035		7,689
	11,012	6.00%, 06/15/2035		12,223
	471	6.50%, 03/15/2026		520
	3,946	6.50%, 01/15/2028		4,352
	40,636	6.50%, 03/15/2028		44,827
	93,434	6.50%, 04/15/2028		103,070
	27,933	6.50%, 05/15/2028		30,814
	140,937	6.50%, 06/15/2028		155,471
	6,194	6.50%, 10/15/2028		6,832
	2,374	6.50%, 02/15/2035		2,688
	13,145	7.00%, 11/15/2031		14,521
	6,572	7.00%, 03/15/2032		7,269
	990,840	7.00%, 11/15/2032		1,166,090
	130,870	7.00%, 01/15/2033		150,916
	140,081	7.00%, 05/15/2033		160,759

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

70

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT AGENCIES - 2.3% - (continued)
		GNMA - 0.1% - (continued)
$	23,986	7.00%, 07/15/2033	$	27,221
	166,147	7.00%, 11/15/2033		190,873
	65,186	7.50%, 09/16/2035		74,622
	115	8.00%, 09/15/2026		125
	87	8.00%, 11/15/2026		91
	7,316	8.00%, 12/15/2026		8,246
	115	8.00%, 09/15/2027		119
	4,730	8.00%, 07/15/2029		5,436
	1,846	8.00%, 11/15/2029		1,850
	9,780	8.00%, 12/15/2029		10,116
	3,857	8.00%, 01/15/2030		3,960
	3,599	8.00%, 02/15/2030		3,621
	825	8.00%, 03/15/2030		834
	20,622	8.00%, 04/15/2030		20,807
	4,316	8.00%, 05/15/2030		4,463
	35,648	8.00%, 06/15/2030		37,741
	2,054	8.00%, 07/15/2030		2,133
	59,139	8.00%, 08/15/2030		60,663
	14,684	8.00%, 09/15/2030		15,060
	7,104	8.00%, 11/15/2030		7,189
	119,586	8.00%, 12/15/2030		133,103
				3,380,853
		Total U.S. Government Agencies (cost $48,381,097)	$	49,142,223
U.S. GOVERNMENT SECURITIES - 7.1%
		U.S. Treasury Securities - 7.1%
		U.S. Treasury Bonds - 4.5%
$	1,325,000	2.25%, 08/15/2049	$	1,288,977
	19,250,000	2.50%, 02/15/2045(11)		19,687,637
	2,280,000	2.50%, 05/15/2046		2,333,527
	960,000	2.75%, 08/15/2047		1,032,112
	6,214,000	2.75%, 11/15/2047		6,680,778
	10,070,800	2.88%, 05/15/2043		10,994,874
	5,410,000	3.00%, 08/15/2048		6,108,439
	3,485,000	3.00%, 02/15/2049		3,941,862
	7,895,000	3.13%, 08/15/2044		9,000,608
	4,630,000	3.38%, 05/15/2044		5,490,891
	21,300,000	4.38%, 02/15/2038		28,372,266
				94,931,971
		U.S. Treasury Notes - 2.6%
	9,820,000	1.63%, 10/31/2026		9,697,633
	5,000,000	1.63%, 08/15/2029		4,874,805
	2,725,000	1.75%, 11/15/2029		2,686,041
	17,305,000	2.13%, 03/31/2024		17,626,765
	4,750,000	2.38%, 05/15/2029		4,940,557
	13,350,000	2.63%, 12/31/2023		13,848,017
				53,673,818
		Total U.S. Government Securities (cost $132,900,226)	$	148,605,789
		Total Long-Term Investments (cost $1,588,773,412)	$	2,072,238,180
SHORT-TERM INVESTMENTS - 1.0%
		Other Investment Pools & Funds - 0.9%
	19,612,070	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 1.52%(12)	$	19,612,070
		Securities Lending Collateral - 0.1%
	64,824	Citibank NA DDCA, 1.54%, 1/2/2020(12)		64,824
	314,336	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 1.52%(12)		314,336

Shares or Principal Amount			Market Value†
SHORT-TERM INVESTMENTS - 1.0% - (continued)
		Securities Lending Collateral - 0.1% - (continued)
	289,680	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 1.75%(12)	$	289,680
	144,840	JPMorgan Prime Money Market Fund, 1.69%(12)		144,840
	386,240	Morgan Stanley Institutional Liquidity Funds, Prime Portfolio, Institutional Class, 1.72%(12)		386,240
	96,560	State Street Institutional Liquid Reserves Fund, 1.70%(12)		96,560
				1,296,480
		Total Short-Term Investments (cost $20,908,550)	$	20,908,550

Total Investments (cost $1,609,681,962)	99.8	%	$	2,093,146,730
Other Assets and Liabilities	0.2	%		3,699,571
Total Net Assets	100.0	%	$	2,096,846,301

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

* Non-income producing.

⁽¹⁾  Investment valued using significant unobservable inputs.

⁽²⁾  These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At December 31, 2019, the aggregate fair value of these securities was $9,029,581, 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.

⁽³⁾  Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $9,029,581 or 0.4% of net assets.

Period Acquired		Security Name	Shares/ Par Value		Base Total Cost		Base Market Value
	08/2011	Allstar Co.		11,702,200	$	5,090,681	$	4,680,880
	11/2013	Tory Burch LLC		67,006		5,251,707		4,348,701
					$	10,342,388	$	9,029,581

⁽⁴⁾  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At December 31, 2019, the aggregate value of these securities was $153,721,940, representing 7.3% of net assets.

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

71

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2019

⁽⁵⁾  Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2019. Base lending rates may be subject to a floor or cap.

⁽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⁾  Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at December 31, 2019. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.

⁽⁸⁾  Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.

⁽⁹⁾  Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

⁽¹⁰⁾  Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

⁽¹¹⁾  All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of December 31, 2019, the market value of securities pledged was $567,618.

⁽¹²⁾  Current yield as of period end.

Futures Contracts Outstanding at December 31, 2019
Description	Number of Contracts		Expiration Date		Current Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Long position contracts:
U.S. Treasury 2-Year Note Future		43		03/31/2020	$	9,266,500	$	(3,453	)
U.S. Treasury 5-Year Note Future		240		03/31/2020		28,466,250		(103,648	)
U.S. Treasury 10-Year Note Future		54		03/20/2020		6,934,781		(41,068	)
Total futures contracts							$	(148,169	)

^†  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.

72

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total			Level 1			Level 2		Level 3(1)
Assets
Common Stocks
Automobiles & Components	$	14,161,946		$	14,161,946		$	—	$	—
Banks		146,931,757			146,931,757			—		—
Capital Goods		134,402,324			134,402,324			—		—
Consumer Durables & Apparel		24,634,030			24,634,030			—		—
Consumer Services		16,424,218			16,424,218			—		—
Diversified Financials		7,403,100			7,403,100			—		—
Energy		64,628,737			64,628,737			—		—
Food & Staples Retailing		14,389,215			14,389,215			—		—
Food, Beverage & Tobacco		17,337,532			17,337,532			—		—
Health Care Equipment & Services		108,949,730			93,205,512			15,744,218		—
Household & Personal Products		14,590,818			14,590,818			—		—
Insurance		77,472,993			77,472,993			—		—
Materials		70,959,478			70,959,478			—		—
Media & Entertainment		141,208,907			141,208,907			—		—
Pharmaceuticals, Biotechnology & Life Sciences		141,745,151			104,484,105			37,261,046		—
Real Estate		18,461,020			18,461,020			—		—
Retailing		57,987,772			48,958,191			—		9,029,581
Semiconductors & Semiconductor Equipment		88,050,313			88,050,313			—		—
Software & Services		134,674,818			134,674,818			—		—
Technology Hardware & Equipment		60,926,292			60,926,292			—		—
Telecommunication Services		25,496,964			25,496,964			—		—
Transportation		21,714,687			21,714,687			—		—
Utilities		17,803,807			17,803,807			—		—
Asset & Commercial Mortgage Backed Securities		57,681,056			—			57,681,056		—
Corporate Bonds		368,019,890			—			368,019,890		—
Foreign Government Obligations		9,833,565			—			9,833,565		—
Municipal Bonds		18,600,048			—			18,600,048		—
U.S. Government Agencies		49,142,223			—			49,142,223		—
U.S. Government Securities		148,605,789			—			148,605,789		—
Short-Term Investments		20,908,550			20,908,550			—		—
Total	$	2,093,146,730		$	1,379,229,314		$	704,887,835	$	9,029,581
Liabilities
Futures Contracts(2)	$	(148,169	)	$	(148,169	)	$	—	$	—
Total	$	(148,169	)	$	(148,169	)	$	—	$	—

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and out of Level 3.

⁽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, 2019 is not presented.

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

73

Hartford Capital Appreciation HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.8%
		Automobiles & Components - 0.4%
	13,873	Ferrari N.V.	$	2,303,412
	418,744	General Motors Co.		15,326,031
				17,629,443
		Banks - 3.3%
	240,952	Atlantic Union Bankshares Corp.		9,047,748
	1,739,894	Banco Santander S.A.		7,294,936
	749,878	Bank of America Corp.		26,410,703
	368,529	Bank OZK		11,241,977
	335,303	Citigroup, Inc.		26,787,357
	59,839	HDFC Bank Ltd. ADR		3,791,997
	158,588	HDFC Bank Ltd.		2,829,772
	1,539,433	People’s United Financial, Inc.		26,016,418
	147,375	PNC Financial Services Group, Inc.		23,525,471
	464,522	UniCredit S.p.A.		6,789,900
				143,736,279
		Capital Goods - 5.9%
	244,966	A.O. Smith Corp.		11,670,180
	42,471	Airbus SE		6,233,261
	45,289	Deere & Co.		7,846,772
	78,075	Dover Corp.		8,998,925
	207,256	Fortune Brands Home & Security, Inc.		13,542,107
	199,922	General Dynamics Corp.		35,256,245
	350,600	HF Global, Inc.*(1)(2)(3)		5,826,972
	73,006	Honeywell International, Inc.		12,922,062
	266,837	Ingersoll-Rand plc		35,467,974
	157,911	L3Harris Technologies, Inc.		31,245,850
	40,359	Lockheed Martin Corp.		15,714,987
	166,151	Pentair plc		7,621,346
	44,283	Raytheon Co.		9,730,746
	27,962	Rockwell Automation, Inc.		5,667,059
	21,088	Safran S.A.		3,257,237
	970,130	Sanwa Holdings Corp.		10,871,021
	51,210	United Technologies Corp.		7,669,210
	64,904	Vinci S.A.		7,228,589
	280,586	Wabtec Corp.		21,829,591
				258,600,134
		Commercial & Professional Services - 3.1%
	221,852	Copart, Inc.*		20,175,221
	26,041	CoStar Group, Inc.*		15,580,330
	47,376	Equifax, Inc.		6,638,325
	247,483	Herman Miller, Inc.		10,307,667
	78,831	Intertek Group plc		6,108,468
	134,810	Recruit Holdings Co., Ltd.		5,049,353
	262,576	Republic Services, Inc.		23,534,687
	571,364	Steelcase, Inc. Class A		11,690,107
	256,186	TransUnion		21,932,083
	167,977	Waste Connections, Inc.		15,250,632
				136,266,873
		Consumer Durables & Apparel - 2.2%
	223,322	Carter’s, Inc.		24,418,028
	158,279	Lennar Corp. Class A		8,830,385
	353,730	NIKE, Inc. Class B		35,836,386
	228,438	Peloton Interactive, Inc. Class A*		6,487,639
	196,208	Steven Madden Ltd.		8,438,906
	302,392	Under Armour, Inc. Class A*(4)		6,531,667
	219,776	Under Armour, Inc. Class C*		4,215,304
				94,758,315
		Consumer Services - 2.5%
	11,814	Domino’s Pizza, Inc.		3,470,717
	514,432	DraftKings, Inc.*(1)(2)(3)		1,760,386
	96,081	Grand Canyon Education, Inc.*		9,203,599
	62,700	Marriott International, Inc. Class A		9,494,661

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.8% - (continued)
		Consumer Services - 2.5% - (continued)
	102,451	Marriott Vacations Worldwide Corp.	$	13,191,591
	210,908	McDonald’s Corp.		41,677,530
	19,533	New Oriental Education & Technology Group, Inc. ADR*		2,368,376
	147,355	Norwegian Cruise Line Holdings Ltd.*		8,607,005
	135,757	Planet Fitness, Inc. Class A*		10,138,333
	34,659	Vail Resorts, Inc.		8,312,268
				108,224,466
		Diversified Financials - 4.3%
	345,818	American Express Co.		43,050,883
	79,499	Ameriprise Financial, Inc.		13,242,943
	382,135	AXA Equitable Holdings, Inc.		9,469,305
	330,200	B3 S.A. - Brasil Bolsa Balcao		3,527,157
	304,460	Blackstone Group, Inc. Class A		17,031,492
	37,770	Intercontinental Exchange, Inc.		3,495,614
	96,656	London Stock Exchange Group plc		9,933,528
	471,954	Morgan Stanley		24,126,288
	295,410	Raymond James Financial, Inc.		26,427,379
	1,392,829	SLM Corp.		12,410,106
	213,456	TD Ameritrade Holding Corp.		10,608,763
	195,018	Voya Financial, Inc.		11,892,198
				185,215,656
		Energy - 2.9%
	662,599	Canadian Natural Resources Ltd.		21,435,078
	194,736	Chevron Corp.		23,467,635
	131,287	Cimarex Energy Co.		6,891,255
	194,798	Concho Resources, Inc.		17,058,461
	116,946	Diamondback Energy, Inc.		10,859,605
	226,048	Enbridge, Inc.		8,989,929
	361,458	Halliburton Co.		8,844,877
	109,764	Phillips 66		12,228,807
	201,718	Schlumberger Ltd.		8,109,064
	344,564	Tenaris S.A. ADR		7,800,929
				125,685,640
		Food & Staples Retailing - 0.6%
	768,447	Kroger Co.		22,277,278
	47,633	Walmart, Inc.		5,660,706
				27,937,984
		Food, Beverage & Tobacco - 5.0%
	626,096	Altria Group, Inc.		31,248,451
	240,314	Archer-Daniels-Midland Co.		11,138,554
	755,389	Coca-Cola Co.		41,810,781
	709,257	Diageo plc		29,885,718
	75,658	Hershey Co.		11,120,213
	95,691	Lamb Weston Holdings, Inc.		8,232,297
	299,253	Monster Beverage Corp.*		19,017,528
	246,141	PepsiCo., Inc.		33,640,090
	396,235	Philip Morris International, Inc.		33,715,636
				219,809,268
		Health Care Equipment & Services - 10.0%
	51,530	ABIOMED, Inc.*		8,790,503
	281,625	Baxter International, Inc.		23,549,482
	29,377	Becton Dickinson and Co.		7,989,663
	321,334	Centene Corp.*		20,202,269
	494,598	CVS Health Corp.		36,743,685
	181,978	Danaher Corp.		27,929,983
	82,541	DexCom, Inc.*		18,055,018
	85,963	Encompass Health Corp.		5,954,657
	124,870	Haemonetics Corp.*		14,347,563
	42,393	Humana, Inc.		15,537,882
	184,344	Insulet Corp.*		31,559,693
	38,827	Intuitive Surgical, Inc.*		22,952,581

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

74

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.8% - (continued)
		Health Care Equipment & Services - 10.0% - (continued)
	329,951	Koninklijke Philips N.V. ADR(4)	$	16,101,609
	72,382	Koninklijke Philips N.V.		3,538,300
	75,636	McKesson Corp.		10,461,972
	369,173	Medtronic plc		41,882,677
	108,970	Stryker Corp.		22,877,162
	54,371	Teleflex, Inc.		20,467,419
	180,634	UnitedHealth Group, Inc.		53,102,783
	112,247	Veeva Systems, Inc. Class A*		15,788,663
	50,722	WellCare Health Plans, Inc.*		16,748,912
				434,582,476
		Household & Personal Products - 0.9%
	461,737	Colgate-Palmolive Co.		31,785,975
	97,205	Shiseido Co., Ltd.		6,902,524
				38,688,499
		Insurance - 4.0%
	346,079	Athene Holding Ltd. Class A*		16,276,096
	230,205	Chubb Ltd.		35,833,710
	699,529	CNO Financial Group, Inc.		12,682,461
	206,863	Fidelity National Financial, Inc.		9,381,237
	212,352	Marsh & McLennan Cos., Inc.		23,658,136
	582,507	MetLife, Inc.		29,690,382
	528,270	Ping An Insurance Group Co. of China Ltd. Class H		6,251,262
	1,463,568	Unum Group		42,677,643
				176,450,927
		Materials - 2.5%
	183,257	Cabot Corp.		8,708,373
	122,941	Celanese Corp.		15,136,496
	259,788	CRH plc		10,477,738
	190,011	FMC Corp.		18,966,898
	130,236	Linde plc		27,727,245
	138,094	Nutrien Ltd.		6,611,454
	174,537	Reliance Steel & Aluminum Co.		20,902,551
				108,530,755
		Media & Entertainment - 5.8%
	156,717	Activision Blizzard, Inc.		9,312,124
	7,400	Alphabet, Inc. Class A*		9,911,486
	37,324	Charter Communications, Inc. Class A*		18,105,126
	265,600	Cinemark Holdings, Inc.		8,990,560
	805,181	Comcast Corp. Class A		36,208,990
	125,060	Electronic Arts, Inc.*		13,445,201
	102,329	Facebook, Inc. Class A*		21,003,027
	1,148,412	Interpublic Group of Cos., Inc.		26,528,317
	19,010	Netflix, Inc.*		6,151,066
	1,368,874	Pinterest, Inc. Class A*		25,515,811
	190,475	Roku, Inc.*		25,504,602
	148,441	Spotify Technology S.A.*		22,199,352
	163,115	Tencent Holdings Ltd.		7,858,248
	148,198	Walt Disney Co.		21,433,877
				252,167,787
		Pharmaceuticals, Biotechnology & Life Sciences - 7.8%
	208,111	Agilent Technologies, Inc.		17,753,949
	227,427	Alnylam Pharmaceuticals, Inc.*		26,192,768
	383,949	AstraZeneca plc ADR		19,143,697
	203,246	Bristol-Myers Squibb Co.		13,046,361
	415,528	Elanco Animal Health, Inc.*		12,237,300
	85,699	Eli Lilly & Co.		11,263,420
	100,610	Exact Sciences Corp.*		9,304,413
	7,239	Galapagos N.V. ADR*(4)		1,497,242
	45,053	Galapagos N.V.*		9,382,175
	156,722	Gilead Sciences, Inc.		10,183,796
	329,586	Ionis Pharmaceuticals, Inc.*		19,910,290
	425,028	Johnson & Johnson		61,998,834

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.8% - (continued)
		Pharmaceuticals, Biotechnology & Life Sciences - 7.8% - (continued)
	280,535	Merck & Co., Inc.	$	25,514,658
	23,608	Mettler-Toledo International, Inc.*		18,727,754
	764,267	Pfizer, Inc.		29,943,981
	23,008	Regeneron Pharmaceuticals, Inc.*		8,639,044
	153,239	Seattle Genetics, Inc.*		17,509,088
	83,261	Thermo Fisher Scientific, Inc.		27,049,001
				339,297,771
		Real Estate - 4.9%
	264,017	Acadia Realty Trust REIT		6,845,961
	88,782	Alexandria Real Estate Equities, Inc. REIT		14,345,395
	110,635	American Tower Corp. REIT		25,426,136
	461,030	Americold Realty Trust REIT		16,163,712
	82,157	AvalonBay Communities, Inc. REIT		17,228,323
	149,785	Boston Properties, Inc. REIT		20,649,360
	435,382	Columbia Property Trust, Inc. REIT		9,103,837
	54,097	Equinix, Inc. REIT		31,576,419
	880,825	Host Hotels & Resorts, Inc. REIT		16,339,304
	63,666	Jones Lang LaSalle, Inc. REIT		11,083,614
	207,485	Mitsui Fudosan Co., Ltd. REIT		5,070,916
	131,092	Public Storage REIT		27,917,352
	69,050	Simon Property Group, Inc. REIT		10,285,688
				212,036,017
		Retailing - 6.3%
	133,376	Alibaba Group Holding Ltd. ADR*		28,289,050
	8,451,700	Allstar Co.*(1)(2)(3)		3,380,680
	35,983	Amazon.com, Inc.*		66,490,827
	42,194	Burlington Stores, Inc.*		9,621,498
	136,000	Dollar Tree, Inc.*		12,790,800
	164,859	Expedia Group, Inc.		17,827,852
	50,134	Five Below, Inc.*		6,410,133
	215,288	Floor & Decor Holdings, Inc. Class A*		10,938,783
	65,592	Genuine Parts Co.		6,967,838
	100,079	Home Depot, Inc.		21,855,252
	373,990	Kohl’s Corp.		19,054,791
	134,587	Lowe’s Cos., Inc.		16,118,139
	74,451	Ross Stores, Inc.		8,667,585
	520,650	TJX Cos., Inc.		31,790,889
	115,140	Tory Burch LLC*(1)(2)(3)		7,472,566
	82,495	Wayfair, Inc. Class A*		7,455,073
				275,131,756
		Semiconductors & Semiconductor Equipment - 3.0%
	643,977	Advanced Micro Devices, Inc.*		29,532,785
	57,599	Broadcom, Inc.		18,202,436
	270,936	Infineon Technologies AG		6,121,622
	484,819	Intel Corp.		29,016,417
	89,206	KLA Corp.		15,893,833
	660,630	Marvell Technology Group Ltd.		17,546,333
	200,191	Micron Technology, Inc.*		10,766,272
	29,651	Texas Instruments, Inc.		3,803,927
				130,883,625
		Software & Services - 10.2%
	93,333	Accenture plc Class A		19,653,130
	17,065	Adobe, Inc.*		5,628,208
	82,137	Alteryx, Inc. Class A*		8,219,450
	201,809	Amdocs Ltd.		14,568,592
	40,487	Capgemini SE		4,951,756
	26,050	DocuSign, Inc.*		1,930,566
	32,335	Fair Isaac Corp.*		12,115,278
	51,291	Fidelity National Information Services, Inc.		7,134,065
	68,464	FleetCor Technologies, Inc.*		19,698,462
	908,192	Genpact Ltd.		38,298,457
	146,515	Global Payments, Inc.		26,747,778

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

75

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.8% - (continued)
		Software & Services - 10.2% - (continued)
	486,624	GoDaddy, Inc. Class A*	$	33,051,502
	188,868	Guidewire Software, Inc.*		20,732,040
	21,737	Intuit, Inc.		5,693,572
	212,044	Microsoft Corp.		33,439,339
	113,927	Pagseguro Digital Ltd. Class A*		3,891,746
	169,904	PayPal Holdings, Inc.*		18,378,516
	141,724	ServiceNow, Inc.*		40,011,520
	992,978	Slack Technologies, Inc. Class A*(4)		22,322,145
	171,679	Splunk, Inc.*		25,712,364
	103,304	VeriSign, Inc.*		19,904,615
	83,701	Visa, Inc. Class A		15,727,418
	68,464	WEX, Inc.*		14,340,469
	148,616	Workday, Inc. Class A*		24,439,901
	120,834	Zoom Video Communications, Inc. Class A*(4)		8,221,545
				444,812,434
		Technology Hardware & Equipment - 3.5%
	109,433	Apple, Inc.		32,135,001
	134,710	CDW Corp.		19,241,976
	65,257	Coherent, Inc.*		10,855,502
	14,670	Keyence Corp.		5,151,200
	212,559	Lumentum Holdings, Inc.*		16,855,929
	38,914	Motorola Solutions, Inc.		6,270,602
	364,072	Samsung Electronics Co., Ltd.		17,543,480
	133,170	TE Connectivity Ltd.		12,763,013
	319,095	Western Digital Corp.		20,252,960
	42,800	Zebra Technologies Corp. Class A*		10,932,832
				152,002,495
		Telecommunication Services - 2.2%
	732,333	AT&T, Inc.		28,619,574
	106,817	Cellnex Telecom S.A.*(5)		4,607,616
	32,370,504	China Tower Corp. Ltd. Class H(5)		7,151,616
	130,800	SoftBank Group Corp.		5,678,946
	293,200	T-Mobile US, Inc.*		22,992,744
	407,895	Verizon Communications, Inc.		25,044,753
				94,095,249
		Transportation - 3.2%
	373,013	Canadian National Railway Co.		33,743,666
	229,980	Delta Air Lines, Inc.		13,449,231
	59,709	J.B. Hunt Transport Services, Inc.		6,972,817
	299,084	Southwest Airlines Co.		16,144,554
	204,138	Spirit Airlines, Inc.*		8,228,803
	1,156,419	Uber Technologies, Inc.*		34,391,901
	153,242	Union Pacific Corp.		27,704,621
				140,635,593
		Utilities - 3.3%
	252,651	American Electric Power Co., Inc.		23,878,046
	194,268	Dominion Energy, Inc.		16,089,276
	409,121	Duke Energy Corp.		37,315,926
	465,650	Exelon Corp.		21,228,983
	1,203,828	Iberdrola S.A.		12,406,130
	464,738	Southern Co.		29,603,811
	114,426	UGI Corp.		5,167,478
				145,689,650
		Total Common Stocks (cost $3,531,764,446)	$	4,262,869,092
CONVERTIBLE PREFERRED STOCKS - 0.3%
		Consumer Services - 0.1%
	16,619	Airbnb, Inc. Series E*(1)(2)(3)	$	2,171,106
		Diversified Financials - 0.1%
	85,350	Social Finance, Inc. Series F*(1)(2)(3)		1,328,046

Shares or Principal Amount			Market Value†
CONVERTIBLE PREFERRED STOCKS - 0.3% - (continued)
		Retailing - 0.0%
	40,566	Honest Co., Inc. Series C*(1)(2)(3)	$	1,336,244
		Software & Services - 0.1%
	29,504	Magic Leap, Inc. Series C*(1)(2)(3)		738,190
	50,200	Nanigans, Inc. Series D*(1)(2)(3)		56,224
	20,891	Sharecare, Inc. Series B2*(1)(2)(3)		4,763,984
				5,558,398
		Total Convertible Preferred Stocks (cost $10,438,958)	$	10,393,794
ESCROWS - 0.0%(6)
		Consumer Durables & Apparel - 0.0%
	127,917	One Kings Lane, Inc.*(1)(2)(3)	$	20,467
		Total Escrows (cost $—)	$	20,467
		Total Long-Term Investments (cost $3,542,203,404)	$	4,273,283,353
SHORT-TERM INVESTMENTS - 2.8%
		Other Investment Pools & Funds - 2.0%
	87,207,899	BlackRock Liquidity Funds, FedFund Portfolio, Institutional Class,1.58%(7)	$	87,207,899
		Securities Lending Collateral - 0.8%
	1,845,222	Citibank NA DDCA, 1.54%, 1/2/2020(7)		1,845,222
	8,947,604	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 1.52%(7)		8,947,604
	8,245,774	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 1.75%(7)		8,245,774
	4,122,887	JPMorgan Prime Money Market Fund, 1.69%(7)		4,122,887
	10,994,365	Morgan Stanley Institutional Liquidity Funds, Prime Portfolio, Institutional Class, 1.72%(7)		10,994,365
	2,748,591	State Street Institutional Liquid Reserves Fund, 1.70%(7)		2,748,591
				36,904,443
		Total Short-Term Investments (cost $124,112,342)	$	124,112,342

Total Investments (cost $3,666,315,746)	100.9	%	$	4,397,395,695
Other Assets and Liabilities	(0.9	)%		(39,520,066	)
Total Net Assets	100.0	%	$	4,357,875,629

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

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

76

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2019

* Non-income producing.

⁽¹⁾  Investment valued using significant unobservable inputs.

⁽²⁾  These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At December 31, 2019, the aggregate fair value of these securities was $28,854,865, which represented 0.7% 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⁾  Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $28,854,865 or 0.7% of net assets.

Period Acquired		Security Name	Shares/ Par Value		Base Total Cost		Base Market Value
	06/2015	Airbnb, Inc. Series E Convertible Preferred		16,619	$	1,547,136	$	2,171,106
	08/2011	Allstar Co.		8,451,700		3,676,649		3,380,680
	07/2015	DraftKings, Inc.		514,432		1,938,195		1,760,386
	06/2015	HF Global, Inc.		350,600		4,713,607		5,826,972
	08/2014	Honest Co., Inc. Series C Convertible Preferred		40,566		1,097,606		1,336,244
	12/2015	Magic Leap, Inc. Series C Convertible Preferred		29,504		679,566		738,190

Period Acquired		Security Name	Shares/ Par Value		Base Total Cost		Base Market Value
	03/2015	Nanigans, Inc. Series D Convertible Preferred		50,200	$	548,109	$	56,224
	01/2014	One Kings Lane, Inc.		127,917		—		20,467
	03/2015	Sharecare, Inc. Series B2 Convertible Preferred		20,891		5,220,034		4,763,984
	09/2015	Social Finance, Inc. Series F Convertible Preferred		85,350		1,346,507		1,328,046
	11/2013	Tory Burch LLC		115,140		9,024,247		7,472,566
					$	29,791,656	$	28,854,865

⁽⁴⁾  Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

⁽⁵⁾  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At December 31, 2019, the aggregate value of these securities was $11,759,232, representing 0.3% of net assets.

⁽⁶⁾  Share amount represents shares of the issuer previously held that resulted in receipt of the escrow.

⁽⁷⁾  Current yield as of period end.

Futures Contracts Outstanding at December 31, 2019
Description	Number of Contracts		Expiration Date		Current Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Long position contracts:
S&P 500 (E-Mini) Future		337		03/20/2020	$	54,444,035	$	(182,173	)
Total futures contracts							$	(182,173	)

Foreign Currency Contracts Outstanding at December 31, 2019
Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Counterparty		Settlement Date		Appreciation		(Depreciation)
	1,035,944,000	JPY		9,500,157	USD		CBK		03/18/20	$	76,704	$	—
	9,593,069	USD		1,035,944,000	JPY		RBC		03/18/20		16,208		—
	Total									$	92,912	$	—

^†  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.

77

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total			Level 1			Level 2		Level 3(1)
Assets
Common Stocks
Automobiles & Components	$	17,629,443		$	15,326,031		$	2,303,412	$	—
Banks		143,736,279			126,821,671			16,914,608		—
Capital Goods		258,600,134			225,183,054			27,590,108		5,826,972
Commercial & Professional Services		136,266,873			125,109,052			11,157,821		—
Consumer Durables & Apparel		94,758,315			94,758,315			—		—
Consumer Services		108,224,466			106,464,080			—		1,760,386
Diversified Financials		185,215,656			175,282,128			9,933,528		—
Energy		125,685,640			125,685,640			—		—
Food & Staples Retailing		27,937,984			27,937,984			—		—
Food, Beverage & Tobacco		219,809,268			189,923,550			29,885,718		—
Health Care Equipment & Services		434,582,476			431,044,176			3,538,300		—
Household & Personal Products		38,688,499			31,785,975			6,902,524		—
Insurance		176,450,927			170,199,665			6,251,262		—
Materials		108,530,755			98,053,017			10,477,738		—
Media & Entertainment		252,167,787			244,309,539			7,858,248		—
Pharmaceuticals, Biotechnology & Life Sciences		339,297,771			329,915,596			9,382,175		—
Real Estate		212,036,017			206,965,101			5,070,916		—
Retailing		275,131,756			264,278,510			—		10,853,246
Semiconductors & Semiconductor Equipment		130,883,625			124,762,003			6,121,622		—
Software & Services		444,812,434			439,860,678			4,951,756		—
Technology Hardware & Equipment		152,002,495			129,307,815			22,694,680		—
Telecommunication Services		94,095,249			76,657,071			17,438,178		—
Transportation		140,635,593			140,635,593			—		—
Utilities		145,689,650			133,283,520			12,406,130		—
Convertible Preferred Stocks		10,393,794			—			—		10,393,794
Escrows		20,467			—			—		20,467
Short-Term Investments		124,112,342			124,112,342			—		—
Foreign Currency Contracts(2)		92,912			—			92,912		—
Total	$	4,397,488,607		$	4,157,662,106		$	210,971,636	$	28,854,865
Liabilities
Futures Contracts(2)	$	(182,173	)	$	(182,173	)	$	—	$	—
Total	$	(182,173	)	$	(182,173	)	$	—	$	—

⁽¹⁾  For the year ended December 31, 2019, investments valued at $36,435,982 were transferred out of Level 3 due to the initiation of a vendor providing prices that are based on market activity which has been determined to be significant observable input. There were no transfers in to Level 3.

⁽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, 2019 is not presented.

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

78

Hartford Disciplined Equity HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.7%
		Banks - 8.1%
	488,045	Bank of America Corp.	$	17,188,945
	189,853	Fifth Third Bancorp		5,836,081
	132,788	JP Morgan Chase & Co.		18,510,647
	72,099	PNC Financial Services Group, Inc.		11,509,164
				53,044,837
		Capital Goods - 6.2%
	78,501	AMETEK, Inc.		7,829,690
	132,172	Fortune Brands Home & Security, Inc.		8,636,118
	47,949	Illinois Tool Works, Inc.		8,613,079
	45,638	Raytheon Co.		10,028,494
	33,748	Snap-on, Inc.		5,716,911
				40,824,292
		Commercial & Professional Services - 2.8%
	36,711	Equifax, Inc.		5,143,945
	79,194	IHS Markit Ltd.*		5,967,268
	78,504	Republic Services, Inc.		7,036,314
				18,147,527
		Consumer Durables & Apparel - 3.7%
	89,946	NIKE, Inc. Class B		9,112,429
	70,483	PVH Corp.		7,411,287
	79,378	VF Corp.		7,910,812
				24,434,528
		Consumer Services - 2.9%
	71,033	Hilton Worldwide Holdings, Inc.		7,878,270
	55,894	McDonald’s Corp.		11,045,213
				18,923,483
		Diversified Financials - 2.2%
	56,228	American Express Co.		6,999,824
	72,664	Capital One Financial Corp.		7,477,852
				14,477,676
		Energy - 1.6%
	107,321	Continental Resources, Inc.		3,681,110
	78,257	EOG Resources, Inc.		6,554,807
				10,235,917
		Food & Staples Retailing - 3.0%
	29,461	Costco Wholesale Corp.		8,659,177
	94,028	Walmart, Inc.		11,174,288
				19,833,465
		Food, Beverage & Tobacco - 3.5%
	38,892	Constellation Brands, Inc. Class A		7,379,757
	130,906	Kellogg Co.		9,053,459
	104,129	Monster Beverage Corp.*		6,617,398
				23,050,614
		Health Care Equipment & Services - 11.8%
	99,197	Abbott Laboratories		8,616,251
	29,667	Anthem, Inc.		8,960,324
	125,071	Baxter International, Inc.		10,458,437
	19,773	Becton Dickinson and Co.		5,377,663
	44,050	Danaher Corp.		6,760,794
	137,155	Hologic, Inc.*		7,160,863
	40,277	Laboratory Corp. of America Holdings*		6,813,660
	98,960	Medtronic plc		11,227,012
	40,870	UnitedHealth Group, Inc.		12,014,963
				77,389,967
		Household & Personal Products - 3.9%
	137,851	Colgate-Palmolive Co.		9,489,663
	127,136	Procter & Gamble Co.		15,879,286
				25,368,949

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.7% - (continued)
		Insurance - 3.4%
	66,402	Allstate Corp.	$	7,466,905
	93,966	Athene Holding Ltd. Class A*		4,419,221
	67,619	Chubb Ltd.		10,525,573
				22,411,699
		Materials - 1.9%
	29,424	Ecolab, Inc.		5,678,538
	50,764	PPG Industries, Inc.		6,776,486
				12,455,024
		Media & Entertainment - 5.4%
	12,895	Alphabet, Inc. Class A*		17,271,434
	32,182	Facebook, Inc. Class A*		6,605,356
	77,678	Walt Disney Co.		11,234,569
				35,111,359
		Pharmaceuticals, Biotechnology & Life Sciences - 5.8%
	32,861	Allergan plc		6,282,037
	85,227	Eli Lilly & Co.		11,201,385
	110,935	Merck & Co., Inc.		10,089,538
	31,114	Thermo Fisher Scientific, Inc.		10,108,005
				37,680,965
		Real Estate - 2.4%
	34,044	American Tower Corp. REIT		7,823,992
	56,750	Boston Properties, Inc. REIT		7,823,555
				15,647,547
		Retailing - 2.5%
	4,428	Amazon.com, Inc.*		8,182,235
	133,162	TJX Cos., Inc.		8,130,872
				16,313,107
		Semiconductors & Semiconductor Equipment - 3.4%
	103,652	Micron Technology, Inc.*		5,574,405
	183,303	ON Semiconductor Corp.*		4,468,927
	46,076	QUALCOMM, Inc.		4,065,285
	114,799	Teradyne, Inc.		7,828,144
				21,936,761
		Software & Services - 11.4%
	47,909	Global Payments, Inc.		8,746,267
	82,708	GoDaddy, Inc. Class A*		5,617,527
	99,644	Leidos Holdings, Inc.		9,754,151
	43,577	Mastercard, Inc. Class A		13,011,656
	134,231	Microsoft Corp.		21,168,229
	45,409	salesforce.com, Inc.*		7,385,320
	87,110	SS&C Technologies Holdings, Inc.		5,348,554
	20,857	Workday, Inc. Class A*		3,429,934
				74,461,638
		Technology Hardware & Equipment - 6.0%
	80,992	Apple, Inc.		23,783,301
	47,881	CDW Corp.		6,839,322
	54,856	Motorola Solutions, Inc.		8,839,496
				39,462,119
		Telecommunication Services - 1.7%
	182,376	Verizon Communications, Inc.		11,197,886
		Transportation - 1.5%
	33,667	Norfolk Southern Corp.		6,535,775
	98,851	Uber Technologies, Inc.*		2,939,829
				9,475,604
		Utilities - 4.6%
	114,576	American Electric Power Co., Inc.		10,828,578
	51,406	NextEra Energy, Inc.		12,448,477

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

79

Hartford Disciplined Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.7% - (continued)
		Utilities - 4.6% - (continued)
	75,996	Pinnacle West Capital Corp.	$	6,834,320
				30,111,375
		Total Common Stocks (cost $422,087,452)	$	651,996,339
SHORT-TERM INVESTMENTS - 0.4%
		Other Investment Pools & Funds - 0.4%
	2,288,713	BlackRock Liquidity Funds, FedFund Portfolio, Institutional Class,1.58%(1)	$	2,288,713
		Total Short-Term Investments (cost $2,288,713)	$	2,288,713

Total Investments (cost $424,376,165)	100.1	%	$	654,285,052
Other Assets and Liabilities	(0.1	)%		(372,243	)
Total Net Assets	100.0	%	$	653,912,809

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

* Non-income producing.

⁽¹⁾  Current yield as of period end.

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

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total		Level 1		Level 2		Level 3(1)
Assets
Common Stocks
Banks	$	53,044,837	$	53,044,837	$	—	$	—
Capital Goods		40,824,292		40,824,292		—		—
Commercial & Professional Services		18,147,527		18,147,527		—		—
Consumer Durables & Apparel		24,434,528		24,434,528		—		—
Consumer Services		18,923,483		18,923,483		—		—
Diversified Financials		14,477,676		14,477,676		—		—
Energy		10,235,917		10,235,917		—		—
Food & Staples Retailing		19,833,465		19,833,465		—		—
Food, Beverage & Tobacco		23,050,614		23,050,614		—		—
Health Care Equipment & Services		77,389,967		77,389,967		—		—
Household & Personal Products		25,368,949		25,368,949		—		—
Insurance		22,411,699		22,411,699		—		—
Materials		12,455,024		12,455,024		—		—
Media & Entertainment		35,111,359		35,111,359		—		—
Pharmaceuticals, Biotechnology & Life Sciences		37,680,965		37,680,965		—		—
Real Estate		15,647,547		15,647,547		—		—
Retailing		16,313,107		16,313,107		—		—
Semiconductors & Semiconductor Equipment		21,936,761		21,936,761		—		—
Software & Services		74,461,638		74,461,638		—		—
Technology Hardware & Equipment		39,462,119		39,462,119		—		—
Telecommunication Services		11,197,886		11,197,886		—		—
Transportation		9,475,604		9,475,604		—		—
Utilities		30,111,375		30,111,375		—		—
Short-Term Investments		2,288,713		2,288,713		—		—
Total	$	654,285,052	$	654,285,052	$	—	$	—

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and out of Level 3.

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

80

Hartford Dividend and Growth HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.4%
		Automobiles & Components - 0.5%
	203,415	Autoliv, Inc.	$	17,170,260
		Banks - 10.0%
	3,738,713	Bank of America Corp.		131,677,472
	420,387	Bank of Nova Scotia		23,747,662
	976,171	JP Morgan Chase & Co.		136,078,237
	243,725	PNC Financial Services Group, Inc.		38,905,822
				330,409,193
		Capital Goods - 6.7%
	255,581	Deere & Co.		44,281,964
	208,652	Eaton Corp. plc		19,763,518
	190,749	General Dynamics Corp.		33,638,586
	714,096	Johnson Controls International plc		29,070,848
	65,506	Lockheed Martin Corp.		25,506,726
	107,611	Raytheon Co.		23,646,441
	306,381	United Technologies Corp.		45,883,619
				221,791,702
		Consumer Services - 1.6%
	282,231	Hilton Worldwide Holdings, Inc.		31,302,240
	117,124	McDonald’s Corp.		23,144,874
				54,447,114
		Diversified Financials - 4.3%
	290,185	American Express Co.		36,125,131
	57,564	BlackRock, Inc.		28,937,423
	241,087	Charles Schwab Corp.		11,466,098
	340,093	Intercontinental Exchange, Inc.		31,475,607
	340,818	Northern Trust Corp.		36,208,504
				144,212,763
		Energy - 7.7%
	158,218	BP plc ADR		5,971,147
	617,122	Chevron Corp.		74,369,372
	490,448	ConocoPhillips		31,893,834
	2,367,596	Encana Corp.		11,104,025
	174,949	Exxon Mobil Corp.		12,207,941
	297,983	Hess Corp.		19,908,244
	302,711	Marathon Petroleum Corp.		18,238,338
	849,599	Noble Energy, Inc.		21,104,039
	1,055,407	Suncor Energy, Inc.		34,617,350
	436,085	Total S.A. ADR		24,115,501
				253,529,791
		Food & Staples Retailing - 2.1%
	423,574	Sysco Corp.		36,232,520
	279,961	Walmart, Inc.		33,270,565
				69,503,085
		Food, Beverage & Tobacco - 3.3%
	756,485	Coca-Cola Co.		41,871,445
	425,739	Kellogg Co.		29,444,109
	282,459	PepsiCo., Inc.		38,603,671
				109,919,225
		Health Care Equipment & Services - 6.4%
	256,423	Abbott Laboratories		22,272,902
	24,908	Becton Dickinson and Co.		6,774,229
	532,628	CVS Health Corp.		39,568,934
	142,281	HCA Healthcare, Inc.		21,030,554
	457,173	Medtronic plc		51,866,277
	236,378	UnitedHealth Group, Inc.		69,490,404
				211,003,300
		Household & Personal Products - 0.2%
	102,374	Unilever N.V.		5,882,410

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.4% - (continued)
		Insurance - 6.4%
	635,534	American International Group, Inc.	$	32,621,960
	375,009	Chubb Ltd.		58,373,901
	172,261	Marsh & McLennan Cos., Inc.		19,191,598
	484,023	Principal Financial Group, Inc.		26,621,265
	221,658	Progressive Corp.		16,045,823
	627,298	Prudential Financial, Inc.		58,802,914
				211,657,461
		Materials - 3.1%
	197,257	Celanese Corp.		24,286,282
	296,929	FMC Corp.		29,639,453
	608,291	International Paper Co.		28,011,801
	266,637	Livent Corp.*		2,279,746
	144,194	PPG Industries, Inc.		19,248,457
				103,465,739
		Media & Entertainment - 5.4%
	73,475	Alphabet, Inc. Class A*		98,411,680
	1,774,951	Comcast Corp. Class A		79,819,547
				178,231,227
		Pharmaceuticals, Biotechnology & Life Sciences - 9.8%
	369,836	Agilent Technologies, Inc.		31,550,709
	1,072,098	AstraZeneca plc ADR		53,454,806
	439,883	Bristol-Myers Squibb Co.		28,236,090
	348,136	Eli Lilly & Co.		45,755,515
	536,873	Merck & Co., Inc.		48,828,599
	412,585	Novartis AG ADR		39,067,674
	1,989,751	Pfizer, Inc.		77,958,444
				324,851,837
		Real Estate - 3.1%
	127,136	American Tower Corp. REIT		29,218,396
	147,951	Boston Properties, Inc. REIT		20,396,525
	21,585	Essex Property Trust, Inc. REIT		6,494,063
	943,002	Host Hotels & Resorts, Inc. REIT		17,492,687
	200,943	Simon Property Group, Inc. REIT		29,932,469
				103,534,140
		Retailing - 3.3%
	190,524	Home Depot, Inc.		41,606,631
	293,100	Lowe’s Cos., Inc.		35,101,656
	510,549	TJX Cos., Inc.		31,174,122
				107,882,409
		Semiconductors & Semiconductor Equipment - 2.9%
	875,676	Intel Corp.		52,409,209
	59,690	KLA Corp.		10,634,967
	341,173	Micron Technology, Inc.*		18,348,284
	110,291	Texas Instruments, Inc.		14,149,232
				95,541,692
		Software & Services - 6.4%
	79,356	Accenture plc Class A		16,709,993
	165,789	International Business Machines Corp.		22,222,357
	1,097,671	Microsoft Corp.		173,102,717
				212,035,067
		Technology Hardware & Equipment - 5.2%
	196,771	Apple, Inc.		57,781,804
	976,742	Cisco Systems, Inc.		46,844,546
	228,700	Corning, Inc.		6,657,457
	804,209	HP, Inc.		16,526,495
	273,217	Motorola Solutions, Inc.		44,026,188
				171,836,490

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

81

Hartford Dividend and Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.4% - (continued)
		Telecommunication Services - 4.1%
	555,266	AT&T, Inc.	$	21,699,795
	1,863,014	Verizon Communications, Inc.		114,389,060
				136,088,855
		Transportation - 2.0%
	408,838	Delta Air Lines, Inc.		23,908,846
	234,740	Union Pacific Corp.		42,438,645
				66,347,491
		Utilities - 3.9%
	560,380	Dominion Energy, Inc.		46,410,671
	824,246	Exelon Corp.		37,577,375
	180,449	NextEra Energy, Inc.		43,697,530
				127,685,576
		Total Common Stocks (cost $2,106,705,037)	$	3,257,026,827
SHORT-TERM INVESTMENTS - 1.6%
		Other Investment Pools & Funds - 1.6%
	52,118,561	Fidelity Institutional Government Fund, Institutional Class, 1.49%(1)	$	52,118,561
		Total Short-Term Investments (cost $52,118,561)	$	52,118,561

Total Investments (cost $2,158,823,598)	100.0	%	$	3,309,145,388
Other Assets and Liabilities	0.0	%		410,836
Total Net Assets	100.0	%	$	3,309,556,224

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

* Non-income producing.

⁽¹⁾  Current yield as of period end.

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

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total		Level 1		Level 2		Level 3(1)
Assets
Common Stocks
Automobiles & Components	$	17,170,260	$	17,170,260	$	—	$	—
Banks		330,409,193		330,409,193		—		—
Capital Goods		221,791,702		221,791,702		—		—
Consumer Services		54,447,114		54,447,114		—		—
Diversified Financials		144,212,763		144,212,763		—		—
Energy		253,529,791		253,529,791		—		—
Food & Staples Retailing		69,503,085		69,503,085		—		—
Food, Beverage & Tobacco		109,919,225		109,919,225		—		—
Health Care Equipment & Services		211,003,300		211,003,300		—		—
Household & Personal Products		5,882,410		5,882,410		—		—
Insurance		211,657,461		211,657,461		—		—
Materials		103,465,739		103,465,739		—		—
Media & Entertainment		178,231,227		178,231,227		—		—
Pharmaceuticals, Biotechnology & Life Sciences		324,851,837		324,851,837		—		—
Real Estate		103,534,140		103,534,140		—		—
Retailing		107,882,409		107,882,409		—		—
Semiconductors & Semiconductor Equipment		95,541,692		95,541,692		—		—
Software & Services		212,035,067		212,035,067		—		—
Technology Hardware & Equipment		171,836,490		171,836,490		—		—
Telecommunication Services		136,088,855		136,088,855		—		—
Transportation		66,347,491		66,347,491		—		—
Utilities		127,685,576		127,685,576		—		—
Short-Term Investments		52,118,561		52,118,561		—		—
Total	$	3,309,145,388	$	3,309,145,388	$	—	$	—

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and out of Level 3.

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

82

Hartford Global Growth HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.7%
		Automobiles & Components - 0.6%
	20,490	Ferrari N.V.	$	3,402,070
		Banks - 1.0%
	41,480	HDFC Bank Ltd. ADR		2,628,587
	18,382	JP Morgan Chase & Co.		2,562,451
				5,191,038
		Capital Goods - 5.5%
	27,536	Airbus SE		4,041,324
	109,498	Assa Abloy AB Class B		2,559,565
	49,780	Atlas Copco AB Class A		1,987,002
	16,913	General Dynamics Corp.		2,982,608
	13,096	L3Harris Technologies, Inc.		2,591,305
	20,950	Lockheed Martin Corp.		8,157,511
	18,370	Nidec Corp.		2,509,042
	23,771	Safran S.A.		3,671,652
				28,500,009
		Commercial & Professional Services - 1.6%
	54,714	Edenred		2,835,522
	17,726	Equifax, Inc.		2,483,767
	39,810	IHS Markit Ltd.*		2,999,684
				8,318,973
		Consumer Durables & Apparel - 2.4%
	32,002	NIKE, Inc. Class B		3,242,123
	713	NVR, Inc.*		2,715,396
	36,530	Sony Corp.		2,480,301
	176,931	Under Armour, Inc. Class A*		3,821,710
				12,259,530
		Consumer Services - 1.9%
	64,941	Hilton Worldwide Holdings, Inc.		7,202,606
	498,012	Sands China Ltd.		2,660,913
				9,863,519
		Diversified Financials - 4.1%
	64,149	American Express Co.		7,985,909
	113,928	Blackstone Group, Inc. Class A		6,373,132
	60,134	Julius Baer Group Ltd.*		3,100,083
	4,074	Partners Group Holding AG		3,733,931
				21,193,055
		Energy - 1.2%
	163,199	Galp Energia SGPS S.A.		2,739,793
	86,893	Schlumberger Ltd.		3,493,099
				6,232,892
		Food & Staples Retailing - 0.6%
	36,400	Sysco Corp.		3,113,656
		Food, Beverage & Tobacco - 5.3%
	18,196	Constellation Brands, Inc. Class A		3,452,691
	316,097	Davide Campari-Milano S.p.A.(1)		2,888,271
	188,432	Diageo plc		7,939,894
	30,503	Heineken N.V.		3,255,519
	54,075	Monster Beverage Corp.*		3,436,466
	59,043	Nestle S.A.		6,392,302
				27,365,143
		Health Care Equipment & Services - 5.3%
	11,829	Anthem, Inc.		3,572,713
	35,090	Baxter International, Inc.		2,934,226
	10,937	Becton Dickinson and Co.		2,974,536
	15,764	Edwards Lifesciences Corp.*		3,677,584
	5,982	Intuitive Surgical, Inc.*		3,536,259
	26,097	Medtronic plc		2,960,705
	12,076	Penumbra, Inc.*		1,983,724
	19,962	UnitedHealth Group, Inc.		5,868,429
				27,508,176

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.7% - (continued)
		Household & Personal Products - 0.8%
	72,752	Unilever N.V.	$	4,175,286
		Insurance - 3.2%
	410,000	AIA Group Ltd.		4,312,364
	15,067	Aon plc		3,138,305
	501,898	Ping An Insurance Group Co. of China Ltd. Class H		5,939,190
	43,715	Progressive Corp.		3,164,529
				16,554,388
		Materials - 1.7%
	139,733	BHP Group plc		3,274,490
	28,252	FMC Corp.		2,820,115
	25,080	Shin-Etsu Chemical Co., Ltd.		2,758,124
				8,852,729
		Media & Entertainment - 10.6%
	13,301	Alphabet, Inc. Class C*		17,783,703
	34,677	Electronic Arts, Inc.*		3,728,124
	69,351	Facebook, Inc. Class A*		14,234,293
	8,420	Netflix, Inc.*		2,724,459
	5,800	Nintendo Co., Ltd.		2,319,769
	107,160	Pinterest, Inc. Class A*		1,997,462
	22,437	Spotify Technology S.A.*		3,355,453
	130,850	Tencent Holdings Ltd.		6,303,846
	62,809	Yandex N.V. Class A*		2,731,564
				55,178,673
		Pharmaceuticals, Biotechnology & Life Sciences - 6.6%
	41,695	Agilent Technologies, Inc.		3,557,000
	88,128	AstraZeneca plc		8,820,902
	8,120	Biogen, Inc.*		2,409,448
	20,215	Bluebird Bio, Inc.*		1,773,866
	31,208	Eli Lilly & Co.		4,101,667
	15,409	ICON plc*		2,653,892
	83,550	Novartis AG		7,911,314
	25,118	Seattle Genetics, Inc.*		2,869,983
				34,098,072
		Real Estate - 1.7%
	38,499	American Tower Corp. REIT		8,847,840
		Retailing - 7.7%
	34,238	Alibaba Group Holding Ltd. ADR*		7,261,880
	5,646	Amazon.com, Inc.*		10,432,905
	79,083	Dollarama, Inc.		2,718,012
	43,795	Home Depot, Inc.		9,563,952
	26,026	Ross Stores, Inc.		3,029,947
	116,105	TJX Cos., Inc.		7,089,371
				40,096,067
		Semiconductors & Semiconductor Equipment - 6.0%
	114,674	Advanced Micro Devices, Inc.*		5,258,950
	14,037	ASML Holding N.V.		4,155,744
	142,772	Infineon Technologies AG		3,225,840
	17,243	KLA Corp.		3,072,185
	129,263	Marvell Technology Group Ltd.		3,433,225
	403,650	MediaTek, Inc.		5,980,912
	321,000	Taiwan Semiconductor Manufacturing Co., Ltd.		3,552,772
	40,274	Teradyne, Inc.		2,746,284
				31,425,912
		Software & Services - 22.3%
	20,623	Accenture plc Class A		4,342,585
	32,058	Adobe, Inc.*		10,573,049
	20,310	Automatic Data Processing, Inc.		3,462,855
	41,605	DocuSign, Inc.*		3,083,347
	21,149	Fidelity National Information Services, Inc.		2,941,614
	29,304	Fiserv, Inc.*		3,388,421
	11,887	FleetCor Technologies, Inc.*		3,420,128

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

83

Hartford Global Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.7% - (continued)
		Software & Services - 22.3% - (continued)
	21,900	Global Payments, Inc.	$	3,998,064
	12,325	Intuit, Inc.		3,228,287
	38,084	Mastercard, Inc. Class A		11,371,502
	177,499	Microsoft Corp.		27,991,592
	61,317	Pagseguro Digital Ltd. Class A*		2,094,589
	80,737	PayPal Holdings, Inc.*		8,733,321
	58,536	salesforce.com, Inc.*		9,520,295
	13,640	ServiceNow, Inc.*		3,850,845
	121,260	Slack Technologies, Inc. Class A*(1)		2,725,925
	27,556	Splunk, Inc.*		4,127,062
	38,149	Visa, Inc. Class A		7,168,197
				116,021,678
		Technology Hardware & Equipment - 6.2%
	79,555	Apple, Inc.		23,361,326
	25,567	CDW Corp.		3,651,990
	57,955	Samsung Electronics Co., Ltd.		2,792,669
	151,313	Sunny Optical Technology Group Co., Ltd.		2,621,665
				32,427,650
		Telecommunication Services - 1.3%
	62,466	Cellnex Telecom S.A.*(2)		2,694,509
	51,336	T-Mobile US, Inc.*		4,025,769
				6,720,278
		Transportation - 2.1%
	33,896	Canadian National Railway Co.		3,066,315
	20,700	J.B. Hunt Transport Services, Inc.		2,417,346
	13,202	Norfolk Southern Corp.		2,562,904
	93,141	Uber Technologies, Inc.*		2,770,013
				10,816,578
		Total Common Stocks (cost $365,921,354)	$	518,163,212
SHORT-TERM INVESTMENTS - 1.1%
		Other Investment Pools & Funds - 0.6%
	3,239,455	Fidelity Institutional Government Fund, Institutional Class, 1.49%(3)	$	3,239,455
		Securities Lending Collateral - 0.5%
	120,863	Citibank NA DDCA, 1.54%, 1/2/2020(3)		120,863
	586,070	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 1.52%(3)		586,070
	540,100	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 1.75%(3)		540,100
	270,050	JPMorgan Prime Money Market Fund, 1.69%(3)		270,050
	720,134	Morgan Stanley Institutional Liquidity Funds, Prime Portfolio, Institutional Class, 1.72%(3)		720,134
	180,033	State Street Institutional Liquid Reserves Fund, 1.70%(3)		180,033
				2,417,250
		Total Short-Term Investments (cost $5,656,705)	$	5,656,705

Total Investments (cost $371,578,059)	100.8	%	$	523,819,917
Other Assets and Liabilities	(0.8	)%		(4,371,114	)
Total Net Assets	100.0	%	$	519,448,803

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

* Non-income producing.

⁽¹⁾  Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

⁽²⁾  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At December 31, 2019, the aggregate value of this security was $2,694,509, representing 0.5% of net assets.

⁽³⁾  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.

84

Hartford Global Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total		Level 1		Level 2		Level 3(1)
Assets
Common Stocks
Automobiles & Components	$	3,402,070	$	—	$	3,402,070	$	—
Banks		5,191,038		5,191,038		—		—
Capital Goods		28,500,009		13,731,424		14,768,585		—
Commercial & Professional Services		8,318,973		5,483,451		2,835,522		—
Consumer Durables & Apparel		12,259,530		9,779,229		2,480,301		—
Consumer Services		9,863,519		7,202,606		2,660,913		—
Diversified Financials		21,193,055		14,359,041		6,834,014		—
Energy		6,232,892		3,493,099		2,739,793		—
Food & Staples Retailing		3,113,656		3,113,656		—		—
Food, Beverage & Tobacco		27,365,143		6,889,157		20,475,986		—
Health Care Equipment & Services		27,508,176		27,508,176		—		—
Household & Personal Products		4,175,286		—		4,175,286		—
Insurance		16,554,388		6,302,834		10,251,554		—
Materials		8,852,729		2,820,115		6,032,614		—
Media & Entertainment		55,178,673		46,555,058		8,623,615		—
Pharmaceuticals, Biotechnology & Life Sciences		34,098,072		17,365,856		16,732,216		—
Real Estate		8,847,840		8,847,840		—		—
Retailing		40,096,067		40,096,067		—		—
Semiconductors & Semiconductor Equipment		31,425,912		14,510,644		16,915,268		—
Software & Services		116,021,678		116,021,678		—		—
Technology Hardware & Equipment		32,427,650		27,013,316		5,414,334		—
Telecommunication Services		6,720,278		4,025,769		2,694,509		—
Transportation		10,816,578		10,816,578		—		—
Short-Term Investments		5,656,705		5,656,705		—		—
Total	$	523,819,917	$	396,783,337	$	127,036,580	$	—

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and out of Level 3.

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

85

Hartford Growth Opportunities HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.0%
		Capital Goods - 6.7%
	1,299,766	API Group Corp.*(1)(2)(3)	$	13,712,531
	157,874	Dover Corp.		18,196,557
	254,377	Ingersoll-Rand plc		33,811,791
	109,323	L3Harris Technologies, Inc.		21,631,742
	88,536	Raytheon Co.		19,454,901
				106,807,522
		Commercial & Professional Services - 1.6%
	204,451	Copart, Inc.*		18,592,774
	18,785	Klarna Holding AB*(2)(3)(4)		4,540,642
	182,167	Landscape Acquisition Holdings Ltd.*(2)(3)		1,589,407
				24,722,823
		Consumer Durables & Apparel - 2.2%
	471,000	Peloton Interactive, Inc. Class A*		13,376,400
	456,644	Under Armour, Inc. Class A*		9,863,510
	599,917	Under Armour, Inc. Class C*		11,506,408
				34,746,318
		Consumer Services - 6.4%
	1,556,596	DraftKings, Inc.*(2)(3)(4)		5,326,671
	203,286	Grand Canyon Education, Inc.*		19,472,766
	161,468	Marriott Vacations Worldwide Corp.		20,790,620
	294,343	Norwegian Cruise Line Holdings Ltd.*		17,192,574
	272,129	Planet Fitness, Inc. Class A*		20,322,594
	577,000	Target Hospitality Corp.*		2,885,000
	69,876	Vail Resorts, Inc.		16,758,361
				102,748,586
		Diversified Financials - 3.6%
	317,003	American Express Co.		39,463,703
	333,741	Blackstone Group, Inc. Class A		18,669,472
				58,133,175
		Food, Beverage & Tobacco - 1.0%
	184,947	Lamb Weston Holdings, Inc.		15,910,990
		Health Care Equipment & Services - 7.5%
	85,622	ABIOMED, Inc.*		14,606,257
	157,226	DexCom, Inc.*		34,391,615
	270,852	Haemonetics Corp.*		31,120,895
	185,013	Insulet Corp.*		31,674,226
	101,485	Novocure Ltd.*		8,552,141
				120,345,134
		Media & Entertainment - 10.9%
	306,702	Activision Blizzard, Inc.		18,224,233
	120,868	Facebook, Inc. Class A*		24,808,157
	403,854	Ocean Outdoor Ltd.*(1)		2,907,749
	1,303,454	Pinterest, Inc. Class A*		24,296,383
	125,506	Roku, Inc.*		16,805,253
	297,389	Spotify Technology S.A.*		44,474,525
	292,835	Walt Disney Co.		42,352,726
				173,869,026
		Pharmaceuticals, Biotechnology & Life Sciences - 12.1%
	75,242	Ascendis Pharma AS ADR*		10,467,667
	438,208	AstraZeneca plc ADR		21,849,051
	35,734	Biogen, Inc.*		10,603,350
	854,923	Elanco Animal Health, Inc.*		25,177,482
	206,508	Exact Sciences Corp.*		19,097,860
	12,354	Galapagos N.V. ADR*(5)		2,555,178
	106,843	Galapagos N.V.*		22,249,787
	153,888	Ionis Pharmaceuticals, Inc.*		9,296,374
	41,067	Reata Pharmaceuticals, Inc. Class A*		8,395,327
	76,169	Sage Therapeutics, Inc.*		5,498,640
	95,081	Seattle Genetics, Inc.*		10,863,955
	142,696	Thermo Fisher Scientific, Inc.		46,357,650
				192,412,321

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.0% - (continued)
		Real Estate - 0.0%
	10,657	We Co. Class A*(2)(3)(4)	$	133,591
		Retailing - 14.0%
	66,906	Amazon.com, Inc.*		123,631,583
	87,690	Burlington Stores, Inc.*		19,995,951
	95,134	Five Below, Inc.*		12,163,833
	448,001	Floor & Decor Holdings, Inc. Class A*		22,762,931
	41,578	JAND, Inc. Class A*(2)(3)(4)		674,811
	209,347	Lowe’s Cos., Inc.		25,071,397
	38,805	Tory Burch LLC*(2)(3)(4)		2,518,446
	174,620	Wayfair, Inc. Class A*		15,780,409
				222,599,361
		Semiconductors & Semiconductor Equipment - 4.8%
	1,146,612	Advanced Micro Devices, Inc.*		52,583,626
	900,792	Marvell Technology Group Ltd.		23,925,036
				76,508,662
		Software & Services - 20.6%
	217,586	2U, Inc.*(5)		5,219,888
	153,829	Alteryx, Inc. Class A*(5)		15,393,668
	11,900	DocuSign, Inc.*		881,909
	66,999	Fair Isaac Corp.*		25,103,185
	434,416	GoDaddy, Inc. Class A*		29,505,535
	309,164	Guidewire Software, Inc.*		33,936,932
	351,869	PayPal Holdings, Inc.*		38,061,670
	147,529	ServiceNow, Inc.*		41,650,387
	961,481	Slack Technologies, Inc. Class A*(5)		21,614,093
	359,278	Splunk, Inc.*		53,809,066
	295,649	Workday, Inc. Class A*		48,619,478
	226,115	Zoom Video Communications, Inc. Class A*(5)		15,384,865
				329,180,676
		Technology Hardware & Equipment - 3.4%
	113,571	Apple, Inc.		33,350,124
	81,346	Zebra Technologies Corp. Class A*		20,779,022
				54,129,146
		Transportation - 2.2%
	111,836	J.B. Hunt Transport Services, Inc.		13,060,208
	736,209	Uber Technologies, Inc.*		21,894,856
				34,955,064
		Total Common Stocks (cost $1,284,564,788)	$	1,547,202,395
CONVERTIBLE PREFERRED STOCKS - 1.8%
		Real Estate - 0.2%
	145,709	We Co. Series D1*(2)(3)(4)	$	2,125,949
	114,486	We Co. Series D2*(2)(3)(4)		1,670,390
				3,796,339
		Retailing - 0.9%
	1,605,750	Coupang LLC*(2)(3)(4)		9,361,522
	102,040	Honest Co., Inc. Series C*(2)(3)(4)		3,361,198
	92,843	JAND, Inc. Series D*(2)(3)(4)		1,513,341
				14,236,061
		Software & Services - 0.7%
	1,871,878	Essence Group Holdings Corp. Series 3*(2)(3)(4)		4,717,133
	366,944	MarkLogic Corp. Series F*(2)(3)(4)		3,511,654
	287,204	Lookout, Inc. Series F*(2)(3)(4)		2,237,319
				10,466,106
		Total Convertible Preferred Stocks (cost $23,661,221)	$	28,498,506
ESCROWS - 0.0%(6)
		Capital Goods - 0.0%
	1,458,400	Lithium Technology Corp.*(2)(3)(4)	$	14,584

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

86

Hartford Growth Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
ESCROWS - 0.0%(6) - (continued)
		Software & Services - 0.0%
	210,735	Veracode, Inc.*(2)(3)(4)	$	114,640
		Total Escrows (cost $—)	$	129,224
WARRANTS - 0.0%
		Commercial & Professional Services - 0.0%
	516,400	Landscape Acquisition Holdings Ltd. Expires 11/23/22*(2)(3)	$	25,820
		Consumer Services - 0.0%
	192,333	Target Hospitality Corp. Expires 3/15/24*		100,013
		Total Warrants (cost $264,992)	$	125,833
		Total Long-Term Investments (cost $1,308,491,001)	$	1,575,955,958
SHORT-TERM INVESTMENTS - 3.7%
		Other Investment Pools & Funds - 1.5%
	24,182,578	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 1.52%(7)	$	24,182,578
		Securities Lending Collateral - 2.2%
	1,749,295	Citibank NA DDCA, 1.54%, 1/2/2020(7)		1,749,295
	8,482,449	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 1.52%(7)		8,482,449
	7,817,104	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 1.75%(7)		7,817,104
	3,908,552	JPMorgan Prime Money Market Fund, 1.69%(7)		3,908,552
	10,422,805	Morgan Stanley Institutional Liquidity Funds, Prime Portfolio, Institutional Class, 1.72%(7)		10,422,805
	2,605,701	State Street Institutional Liquid Reserves Fund, 1.70%(7)		2,605,701
				34,985,906
		Total Short-Term Investments (cost $59,168,484)	$	59,168,484

Total Investments (cost $1,367,659,485)	102.5	%	$	1,635,124,442
Other Assets and Liabilities	(2.5	)%		(40,450,895	)
Total Net Assets	100.0	%	$	1,594,673,547

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

* Non-income producing.

⁽¹⁾  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At December 31, 2019, the aggregate value of these securities was $16,620,280, representing 1.0% of net assets.

⁽²⁾  These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At December 31, 2019, the aggregate fair value of these securities was $57,149,649, which represented 3.6% 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.

⁽³⁾  Investment valued using significant unobservable inputs.

⁽⁴⁾  Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $41,821,891 or 2.6% of net assets.

Period Acquired		Security Name	Shares/ Par Value		Base Total Cost		Base Market Value
	11/2014	Coupang LLC Convertible Preferred		1,605,750	$	4,998,894	$	9,361,522
	12/2014	DraftKings, Inc.		1,556,596		2,280,348		5,326,671
	05/2014	Essence Group Holdings Corp. Series 3 Convertible Preferred		1,871,878		2,960,001		4,717,133
	08/2014	Honest Co., Inc. Series C Convertible Preferred		102,040		2,760,927		3,361,198
	04/2015	JAND, Inc. Class A		41,578		477,536		674,811
	04/2015	JAND, Inc. Series D Convertible Preferred		92,843		1,066,330		1,513,341
	08/2015	Klarna Holding AB		18,785		2,060,349		4,540,642
	08/2013	Lithium Technology Corp.		1,458,400		—		14,584
	07/2014	Lookout, Inc. Series F Convertible Preferred		287,204		3,280,760		2,237,319
	04/2015	MarkLogic Corp. Series F Convertible Preferred		366,944		4,261,761		3,511,654
	11/2013	Tory Burch LLC		38,805		3,041,403		2,518,446
	04/2017	Veracode, Inc.		210,735		—		114,640
	12/2014	We Co. Class A		10,657		177,451		133,591
	12/2014	We Co. Series D1 Convertible Preferred		145,709		2,426,224		2,125,949
	12/2014	We Co. Series D2 Convertible Preferred		114,486		1,906,324		1,670,390
					$	31,698,308	$	41,821,891

⁽⁵⁾  Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

⁽⁶⁾  Share amount represents shares of the issuer previously held that resulted in receipt of the escrow.

⁽⁷⁾  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.

87

Hartford Growth Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total		Level 1		Level 2		Level 3(1)
Assets
Common Stocks
Capital Goods	$	106,807,522	$	93,094,991	$	—	$	13,712,531
Commercial & Professional Services		24,722,823		18,592,774		—		6,130,049
Consumer Durables & Apparel		34,746,318		34,746,318		—		—
Consumer Services		102,748,586		97,421,915		—		5,326,671
Diversified Financials		58,133,175		58,133,175		—		—
Food, Beverage & Tobacco		15,910,990		15,910,990		—		—
Health Care Equipment & Services		120,345,134		120,345,134		—		—
Media & Entertainment		173,869,026		173,869,026		—		—
Pharmaceuticals, Biotechnology & Life Sciences		192,412,321		170,162,534		22,249,787		—
Real Estate		133,591		—		—		133,591
Retailing		222,599,361		219,406,104		—		3,193,257
Semiconductors & Semiconductor Equipment		76,508,662		76,508,662		—		—
Software & Services		329,180,676		329,180,676		—		—
Technology Hardware & Equipment		54,129,146		54,129,146		—		—
Transportation		34,955,064		34,955,064		—		—
Convertible Preferred Stocks		28,498,506		—		—		28,498,506
Escrows		129,224		—		—		129,224
Warrants		125,833		100,013		—		25,820
Short-Term Investments		59,168,484		59,168,484		—		—
Total	$	1,635,124,442	$	1,555,725,006	$	22,249,787	$	57,149,649

⁽¹⁾  For the year ended December 31, 2019, investments valued at $34,516,192 were transferred out of Level 3 due to the expiration of trading restrictions and to the initiation of a vendor providing prices that are based on market activity which has been determined to be significant observable input. Investments valued at $14,811,788 were transferred into Level 3 due to the unavailability of active market pricing.

The following is a roll-forward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2019:

	Common Stocks			Convertible Preferred Stocks			Escrows			Warrants			Total
Beginning balance	$	16,246,182		$	67,704,294		$	267,585		$	—		$	84,218,061
Purchases		—			—			—			—			—
Sales		—			—			(179,573	)		—			(179,573	)
Accrued discounts/(premiums)		—			—			—			—			—
Total realized gain/(loss)		—			—			179,573			—			179,573
Net change in unrealized appreciation/depreciation		4,083,677			(11,206,044	)		(138,361	)		(103,280	)		(7,364,008	)
Transfers into Level 3		14,682,688			—			—			129,100			14,811,788
Transfers out of Level 3		(6,516,448	)		(27,999,744	)		—			—			(34,516,192	)
Ending balance	$	28,496,099		$	28,498,506		$	129,224		$	25,820		$	57,149,649

The change in net unrealized appreciation/(depreciation) relating to the Level 3 investments held at December 31, 2019 was $(7,225,648).

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

88

Hartford Healthcare HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.0%
		Biotechnology - 23.5%
	18,800	89bio, Inc.*(1)	$	494,252
	16,942	Aimmune Therapeutics, Inc.*		567,049
	124,441	Alkermes plc*		2,538,596
	18,777	Alnylam Pharmaceuticals, Inc.*		2,162,547
	30,549	Apellis Pharmaceuticals, Inc.*		935,410
	27,162	Arena Pharmaceuticals, Inc.*		1,233,698
	3,200	Argenx SE ADR*		513,664
	29,403	Assembly Biosciences, Inc.*		601,585
	12,478	Audentes Therapeutics, Inc.*		746,684
	8,595	Biogen, Inc.*		2,550,394
	19,940	Bluebird Bio, Inc.*		1,749,735
	45,283	Coherus Biosciences, Inc.*		815,320
	23,800	Constellation Pharmaceuticals, Inc.*(1)		1,121,218
	89,365	Forty Seven, Inc.*		3,518,300
	58,907	G1 Therapeutics, Inc.*		1,556,912
	6,005	Galapagos N.V.*		1,250,526
	9,321	Genmab A/S*		2,073,023
	26,676	Genus plc		1,123,608
	34,097	Global Blood Therapeutics, Inc.*		2,710,371
	70,077	GlycoMimetics, Inc.*(1)		370,707
	34,700	Heron Therapeutics, Inc.*		815,450
	16,727	Incyte Corp.*		1,460,602
	144,560	Ironwood Pharmaceuticals, Inc.*		1,924,094
	16,600	Kodiak Sciences, Inc.*		1,194,370
	14,897	Madrigal Pharmaceuticals, Inc.*		1,357,266
	102,883	Momenta Pharmaceuticals, Inc.*		2,029,882
	38,566	Myovant Sciences Ltd.*		598,544
	79,777	PhaseBio Pharmaceuticals, Inc.*(1)		487,437
	85,232	Portola Pharmaceuticals, Inc.*		2,035,340
	23,544	Radius Health, Inc.*		474,647
	308,230	Rigel Pharmaceuticals, Inc.*		659,612
	34,340	Seattle Genetics, Inc.*		3,923,688
	129,420	Syndax Pharmaceuticals, Inc.*		1,136,308
	29,943	UroGen Pharma Ltd.*(1)		999,198
	23,788	Vertex Pharmaceuticals, Inc.*		5,208,383
	36,147	Zai Lab Ltd. ADR*		1,503,354
	10,903	Zealand Pharma A/S ADR*(1)		361,980
				54,803,754
		Health Care Distributors - 0.5%
	305,600	Sinopharm Group Co., Ltd. Class H		1,115,099
		Health Care Equipment - 23.6%
	120,128	Abbott Laboratories		10,434,318
	37,567	AtriCure, Inc.*		1,221,303
	38,446	Baxter International, Inc.		3,214,855
	8,261	Becton Dickinson and Co.		2,246,744
	168,437	Boston Scientific Corp.*		7,616,721
	39,497	Danaher Corp.		6,062,000
	17,719	Edwards Lifesciences Corp.*		4,133,665
	17,204	Envista Holdings Corp.		509,920
	10,064	Hill-Rom Holdings, Inc.		1,142,566
	85,203	Medtronic plc		9,666,280
	31,538	NuVasive, Inc.*		2,439,149
	12,800	Shockwave Medical, Inc.*(1)		562,176
	133,687	Smith & Nephew plc		3,221,955
	33,500	Venus MedTech Hangzhou, Inc. Class H*(4)		161,217
	15,582	Zimmer Biomet Holdings, Inc.		2,332,314
				54,965,183
		Health Care Facilities - 3.9%
	51,299	Acadia Healthcare Co., Inc.*		1,704,153
	24,542	Encompass Health Corp.		1,700,024
	32,468	HCA Healthcare, Inc.		4,799,095
	41,357	NMC Health plc		968,968
				9,172,240
		Health Care Services - 0.9%
	6,930	Amedisys, Inc.*		1,156,756
	69,972	R1 RCM, Inc.*		908,236
				2,064,992

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.0% - (continued)
		Health Care Supplies - 0.1%
	3,236	Alcon, Inc.*	$	183,292
		Health Care Technology - 1.2%
	53,545	HMS Holdings Corp.*		1,584,932
	15,590	Teladoc Health, Inc.*		1,305,195
				2,890,127
		Life Sciences Tools & Services - 8.4%
	8,203	Bio-Techne Corp.		1,800,641
	13,155	ICON plc*		2,265,686
	164,900	Pharmaron Beijing Co., Ltd. Class H*(4)		920,543
	17,500	PRA Health Sciences, Inc.*		1,945,125
	48,900	QIAGEN N.V.*		1,666,184
	4,892	Tecan Group AG		1,374,387
	26,076	Thermo Fisher Scientific, Inc.		8,471,310
	90,102	WuXi AppTec Co., Ltd. Class H(4)		1,117,109
				19,560,985
		Managed Health Care - 10.1%
	21,952	Anthem, Inc.		6,630,163
	10,452	Humana, Inc.		3,830,867
	7,080	Molina Healthcare, Inc.*		960,685
	75,000	Notre Dame Intermedica Participacoes S.A.		1,272,466
	24,679	UnitedHealth Group, Inc.		7,255,133
	10,773	WellCare Health Plans, Inc.*		3,557,352
				23,506,666
		Pharmaceuticals - 26.8%
	90,430	Amneal Pharmaceuticals, Inc.*		435,873
	127,100	AstraZeneca plc ADR		6,337,206
	160,414	Bristol-Myers Squibb Co.		10,296,975
	15,395	Chugai Pharmaceutical Co., Ltd.		1,417,806
	33,445	Daiichi Sankyo Co., Ltd.		2,208,850
	33,577	Dermira, Inc.*(1)		509,027
	39,709	Eisai Co., Ltd.		2,971,264
	40,788	Elanco Animal Health, Inc.*		1,201,207
	63,045	Eli Lilly & Co.		8,286,004
	8,400	Hikma Pharmaceuticals plc		221,526
	18,608	Hutchison China MediTech Ltd. ADR*		466,503
	21,711	Laboratorios Farmaceuticos Rovi S.A.		594,219
	152,273	MediWound Ltd.*		472,046
	101,495	Mylan N.V.*		2,040,050
	26,849	MyoKardia, Inc.*		1,956,889
	15,472	Novartis AG		1,465,037
	45,983	Odonate Therapeutics, Inc.*		1,492,148
	48,376	Ono Pharmaceutical Co., Ltd.		1,104,439
	323,708	Pfizer, Inc.		12,682,880
	45,723	Revance Therapeutics, Inc.*		742,084
	21,718	Satsuma Pharmaceuticals, Inc.*		427,410
	12,719	Takeda Pharmaceutical Co., Ltd.		503,064
	60,083	Teva Pharmaceutical Industries Ltd. ADR*		588,813
	32,764	Theravance Biopharma, Inc.*		848,260
	41,042	Tricida, Inc.*		1,548,925
	19,057	UCB S.A.		1,516,453
	36,134	WaVe Life Sciences Ltd.*(1)		289,614
				62,624,572
		Total Common Stocks (cost $175,068,460)	$	230,886,910
RIGHTS - 0.0%
		Pharmaceuticals, Biotechnology & Life Sciences - 0.0%
	11,725	Clementia Pharmaceuticals, Inc.*(2)(3)	$	15,829
		Total Rights (cost $15,829)	$	15,829
		Total Long-Term Investments (cost $175,084,289)	$	230,902,739

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

89

Hartford Healthcare HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
SHORT-TERM INVESTMENTS - 2.7%
		Other Investment Pools & Funds - 1.4%
	3,380,267	Fidelity Institutional Government Fund, Institutional Class, 1.49%(5)	$	3,380,267
		Securities Lending Collateral - 1.3%
	148,927	Citibank NA DDCA, 1.54%, 1/2/2020(5)		148,927
	722,155	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 1.52%(5)		722,155
	665,511	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 1.75%(5)		665,511
	332,756	JPMorgan Prime Money Market Fund, 1.69%(5)		332,756
	887,348	Morgan Stanley Institutional Liquidity Funds, Prime Portfolio, Institutional Class, 1.72%(5)		887,348
	221,837	State Street Institutional Liquid Reserves Fund, 1.70%(5)		221,837
				2,978,534
		Total Short-Term Investments (cost $6,358,801)	$	6,358,801

Total Investments (cost $181,443,090)	101.7	%	$	237,261,540
Other Assets and Liabilities	(1.7	)%		(4,009,815	)
Total Net Assets	100.0	%	$	233,251,725

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

* Non-income producing.

⁽¹⁾  Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

⁽²⁾  Investment valued using significant unobservable inputs.

⁽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, 2019, the aggregate fair value of this security was $15,829, 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.

⁽⁴⁾  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At December 31, 2019, the aggregate value of these securities was $2,198,869, representing 0.9% of net assets.

⁽⁵⁾  Current yield as of period end.

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

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total		Level 1		Level 2		Level 3(1)
Assets
Common Stocks
Biotechnology	$	54,803,754	$	50,356,597	$	4,447,157	$	—
Health Care Distributors		1,115,099		—		1,115,099		—
Health Care Equipment		54,965,183		51,743,228		3,221,955		—
Health Care Facilities		9,172,240		8,203,272		968,968		—
Health Care Services		2,064,992		2,064,992		—		—
Health Care Supplies		183,292		—		183,292		—
Health Care Technology		2,890,127		2,890,127		—		—
Life Sciences Tools & Services		19,560,985		15,403,305		4,157,680		—
Managed Health Care		23,506,666		23,506,666		—		—
Pharmaceuticals		62,624,572		51,216,133		11,408,439		—
Rights		15,829		—		—		15,829
Short-Term Investments		6,358,801		6,358,801		—		—
Total	$	237,261,540	$	211,743,121	$	25,502,590	$	15,829

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and out of Level 3.

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, 2019 is not presented.

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

90

Hartford High Yield HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 0.9%
		Consumer Services - 0.3%
	58,800	Caesars Entertainment Corp.*	$	799,680
		Diversified Financials - 0.3%
	16,000	OneMain Holdings, Inc.		674,400
		Energy - 0.3%
	206,275,142	KCA Deutag*(1)(2)(3)		801,379
		Total Common Stocks (cost $4,146,614)	$	2,275,459
CORPORATE BONDS - 89.1%
		Advertising - 0.1%
$	135,000	Outfront Media Capital LLC 4.63%, 03/15/2030(4)	$	137,363
		Aerospace/Defense - 1.9%
		DAE Funding LLC
	370,000	4.50%, 08/01/2022(4)		375,550
	760,000	5.00%, 08/01/2024(4)		797,955
		TransDigm, Inc.
	1,265,000	5.50%, 11/15/2027(4)		1,279,206
	2,205,000	6.25%, 03/15/2026(4)		2,387,155
				4,839,866
		Airlines - 1.1%
		Bombardier, Inc.
	1,785,000	6.13%, 01/15/2023(4)		1,830,517
	870,000	7.88%, 04/15/2027(4)		895,013
				2,725,530
		Auto Parts & Equipment - 1.1%
		Adient Global Holdings Ltd.
EUR	950,000	3.50%, 08/15/2024(5)		1,007,307
$	400,000	4.88%, 08/15/2026(4)		357,000
	200,000	Adient U.S. LLC 7.00%, 05/15/2026(4)		218,000
		American Axle & Manufacturing, Inc.
	155,000	6.25%, 04/01/2025		161,394
	420,000	6.50%, 04/01/2027		435,750
	625,000	Panther BF Aggregator 2 L.P. / Panther Finance Co., Inc. 8.50%, 05/15/2027(4)		664,062
				2,843,513
		Chemicals - 0.5%
		CF Industries, Inc.
	140,000	4.95%, 06/01/2043		145,950
	767,000	5.15%, 03/15/2034		857,123
	220,000	5.38%, 03/15/2044		239,800
				1,242,873
		Coal - 0.0%
	1,520,000	Foresight Energy LLC / Foresight Energy Finance Corp. 11.50%, 04/01/2023(4)		53,200
		Commercial Banks - 2.1%
EUR	1,400,000	Banco de Sabadell S.A. 6.50%, 05/18/2022, (6.50% fixed rate until 05/18/2022; 5 year EUR Swap + 6.414% thereafter)(5)(6)(7)		1,641,047
$	2,135,000	Credit Suisse Group AG 6.25%, 12/18/2024, (6.25% fixed rate until 12/18/2024; 5 year USD Swap + 3.455% thereafter)(5)(6)(7)		2,322,346
	1,265,000	Freedom Mortgage Corp. 8.13%, 11/15/2024(4)		1,242,888
				5,206,281

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 89.1% - (continued)
		Commercial Services - 2.8%
		APX Group, Inc.
$	1,415,000	7.63%, 09/01/2023	$	1,330,100
	860,000	7.88%, 12/01/2022		867,525
	1,190,000	Ashtead Capital, Inc.4.00%, 05/01/2028(4)		1,201,900
	614,000	Brand Industrial Services, Inc. 8.50%, 07/15/2025(4)		629,350
	75,000	Cardtronics, Inc. / Cardtronics USA, Inc. 5.50%, 05/01/2025(4)		77,813
	1,240,000	Herc Holdings, Inc.5.50%, 07/15/2027(4)		1,305,100
		Service Corp. International
	385,000	4.63%, 12/15/2027		401,362
	270,000	5.13%, 06/01/2029		286,875
		United Rentals North America, Inc.
	440,000	4.63%, 10/15/2025		452,364
	555,000	5.88%, 09/15/2026		595,376
				7,147,765
		Construction Materials - 0.9%
	615,000	Norbord, Inc.5.75%, 07/15/2027(4)		638,063
	1,605,000	Standard Industries, Inc.5.38%, 11/15/2024(4)		1,649,137
				2,287,200
		Distribution/Wholesale - 1.0%
	853,000	American Builders & Contractors Supply Co., Inc. 4.00%, 01/15/2028(4)		865,795
	735,000	Core & Main Holdings L.P. (8.63% Cash, 9.38% PIK) 8.63%, 09/15/2024(4)(8)		764,400
	465,000	IAA, Inc. 5.50%, 06/15/2027(4)		494,063
	395,000	Performance Food Group, Inc. 5.50%, 10/15/2027(4)		422,156
				2,546,414
		Diversified Financial Services - 4.5%
	1,145,000	Ally Financial, Inc. 3.88%, 05/21/2024		1,199,387
		Credit Acceptance Corp.
	685,000	5.13%, 12/31/2024(4)		711,345
	655,000	6.63%, 03/15/2026(4)		708,219
	620,000	Fly Leasing Ltd. 5.25%, 10/15/2024		646,350
	935,000	goeasy Ltd. 5.38%, 12/01/2024(4)		952,139
		Navient Corp.
	331,000	5.88%, 10/25/2024		354,170
	240,000	6.13%, 03/25/2024		260,400
	815,000	6.50%, 06/15/2022		883,256
	197,000	7.25%, 09/25/2023		222,616
		Springleaf Finance Corp.
	300,000	6.13%, 03/15/2024		328,500
	410,000	6.88%, 03/15/2025		466,375
	675,000	7.75%, 10/01/2021		733,219
	1,730,000	8.25%, 12/15/2020		1,815,202
	2,040,000	Tempo Acquisition LLC / Tempo Acquisition Finance Corp. 6.75%, 06/01/2025(4)		2,106,300
				11,387,478
		Electric - 1.2%
	1,730,000	AES Corp. 5.13%, 09/01/2027		1,846,775
	555,000	Clearway Energy Operating LLC 4.75%, 03/15/2028(4)		562,631
	700,000	NextEra Energy Operating Partners L.P. 4.25%, 07/15/2024(4)		728,875
				3,138,281
		Entertainment - 3.0%
	1,150,000	Caesars Resort Collection LLC / CRC Finco, Inc. 5.25%, 10/15/2025(4)		1,190,250

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

91

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 89.1% - (continued)
		Entertainment - 3.0% - (continued)
		Eldorado Resorts, Inc.
$	1,350,000	6.00%, 04/01/2025	$	1,417,500
	195,000	6.00%, 09/15/2026		214,744
	650,000	Golden Entertainment, Inc. 7.63%, 04/15/2026(4)		689,000
	1,655,000	Jacobs Entertainment, Inc. 7.88%, 02/01/2024(4)		1,758,437
	1,880,000	Penn National Gaming, Inc. 5.63%, 01/15/2027(4)		1,986,793
	325,000	WMG Acquisition Corp. 5.00%, 08/01/2023(4)		332,313
				7,589,037
		Environmental Control - 1.8%
		Clean Harbors, Inc.
	984,000	4.88%, 07/15/2027(4)		1,035,660
	442,000	5.13%, 07/15/2029(4)		474,089
	745,000	Stericycle, Inc. 5.38%, 07/15/2024(4)		782,250
	2,107,000	Tervita Corp. 7.63%, 12/01/2021(4)		2,120,169
				4,412,168
		Food - 2.4%
	535,000	B&G Foods, Inc. 5.25%, 09/15/2027		540,350
		Post Holdings, Inc.
	1,705,000	5.00%, 08/15/2026(4)		1,800,906
	1,151,000	5.63%, 01/15/2028(4)		1,240,202
	660,000	5.75%, 03/01/2027(4)		707,850
	1,665,000	TreeHouse Foods, Inc. 4.88%, 03/15/2022		1,671,244
				5,960,552
		Gas - 0.8%
		AmeriGas Partners L.P. / AmeriGas Finance Corp.
	307,000	5.50%, 05/20/2025		331,560
	364,000	5.75%, 05/20/2027		399,490
	1,219,000	5.88%, 08/20/2026		1,343,947
				2,074,997
		Healthcare-Products - 1.3%
	2,380,000	Avantor, Inc. 6.00%, 10/01/2024(4)		2,537,627
	750,000	Hill-Rom Holdings, Inc. 4.38%, 09/15/2027(4)		771,563
				3,309,190
		Healthcare-Services - 3.8%
	195,000	Catalent Pharma Solutions, Inc. 5.00%, 07/15/2027(4)		204,263
		Centene Corp.
	340,000	4.25%, 12/15/2027(4)		349,775
	360,000	4.63%, 12/15/2029(4)		378,486
	230,000	Charles River Laboratories International, Inc. 4.25%, 05/01/2028(4)		234,312
	700,000	CHS/Community Health Systems, Inc. 8.13%, 06/30/2024(4)		574,000
	1,835,000	HCA Healthcare, Inc. 6.25%, 02/15/2021		1,912,987
		HCA, Inc.
	670,000	5.25%, 06/15/2026		750,623
	1,085,000	5.38%, 02/01/2025		1,199,826
	1,430,000	5.38%, 09/01/2026		1,592,662
	130,000	5.63%, 09/01/2028		148,148
	105,000	5.88%, 02/01/2029		121,406
	754,000	7.50%, 11/15/2095		878,410
	1,150,000	West Street Merger Sub, Inc. 6.38%, 09/01/2025(4)		1,147,125
				9,492,023
		Home Builders - 1.6%
	290,000	KB Home 4.80%, 11/15/2029		296,525
		M/I Homes, Inc.
	150,000	5.63%, 08/01/2025		157,125
	2,115,000	6.75%, 01/15/2021		2,117,644
	1,325,000	Taylor Morrison Communities, Inc. 5.75%, 01/15/2028(4)		1,444,250
				4,015,544

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 89.1% - (continued)
		Household Products - 0.2%
$	1,170,000	Revlon Consumer Products Corp. 6.25%, 08/01/2024	$	555,750
		Household Products/Wares - 0.8%
EUR	1,320,000	Diamond (BC) B.V. 5.63%, 08/15/2025(5)		1,453,992
$	465,000	Prestige Brands, Inc. 5.13%, 01/15/2028(4)		487,088
				1,941,080
		Insurance - 2.0%
		Acrisure LLC / Acrisure Finance, Inc.
	1,225,000	7.00%, 11/15/2025(4)		1,182,125
	1,090,000	8.13%, 02/15/2024(4)		1,185,375
	650,000	10.13%, 08/01/2026(4)		700,375
	410,000	CNO Financial Group, Inc. 5.25%, 05/30/2029		457,662
		Genworth Holdings, Inc.
	110,000	4.80%, 02/15/2024		107,504
	770,000	4.90%, 08/15/2023		762,300
	440,000	7.20%, 02/15/2021		453,200
	245,000	7.63%, 09/24/2021		258,083
	35,000	7.70%, 06/15/2020		35,796
				5,142,420
		Iron/Steel - 0.6%
		Steel Dynamics, Inc.
	230,000	4.13%, 09/15/2025		236,363
	1,130,000	5.50%, 10/01/2024		1,164,023
				1,400,386
		Lodging - 3.4%
		Boyd Gaming Corp.
	105,000	4.75%, 12/01/2027(4)		109,069
	790,000	6.00%, 08/15/2026		847,275
	920,000	6.38%, 04/01/2026		989,862
	1,935,000	FelCor Lodging L.P. 6.00%, 06/01/2025		2,022,075
	1,587,000	Hilton Domestic Operating Co., Inc. 4.25%, 09/01/2024		1,616,756
	116,000	Jack Ohio Finance LLC / Jack Ohio Finance Corp. 6.75%, 11/15/2021(4)		118,320
	1,585,000	Sugarhouse HSP Gaming Prop Mezz L.P. / Sugarhouse HSP Gaming Finance Corp. 5.88%, 05/15/2025(4)		1,585,000
	1,280,000	Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.5.50%, 03/01/2025(4)		1,369,600
				8,657,957
		Media - 9.5%
		Altice France S.A.
	2,370,000	7.38%, 05/01/2026(4)		2,544,527
	1,040,000	8.13%, 02/01/2027(4)		1,171,300
		Altice Luxembourg S.A.
	1,000,000	7.63%, 02/15/2025(4)		1,038,750
EUR	645,000	8.00%, 05/15/2027(5)		810,316
		CCO Holdings LLC / CCO Holdings Capital Corp.
$	120,000	5.13%, 02/15/2023		121,350
	245,000	5.13%, 05/01/2023(4)		250,054
	95,000	5.25%, 09/30/2022		96,069
	545,000	5.75%, 09/01/2023		555,219
	16,000	5.75%, 01/15/2024		16,280
	3,000,000	5.75%, 02/15/2026(4)		3,165,060
		CSC Holdings LLC
	1,195,000	5.25%, 06/01/2024		1,287,612
	585,000	5.50%, 04/15/2027(4)		628,202
	1,490,000	6.50%, 02/01/2029(4)		1,661,350
		DISH DBS Corp.
	905,000	5.00%, 03/15/2023		928,394
	595,000	5.88%, 07/15/2022		630,700
	435,000	5.88%, 11/15/2024		444,516
	945,000	6.75%, 06/01/2021		994,565
	380,000	7.75%, 07/01/2026		402,568

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

92

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 89.1% - (continued)
		Media - 9.5% - (continued)
		Gray Television, Inc.
$	1,255,000	5.13%, 10/15/2024(4)	$	1,302,062
	380,000	5.88%, 07/15/2026(4)		404,225
	645,000	iHeartCommunications, Inc. 5.25%, 08/15/2027(4)		674,864
	310,000	LCPR Senior Secured Financing DAC 6.75%, 10/15/2027(4)		328,600
	270,000	Sinclair Television Group, Inc. 5.63%, 08/01/2024(4)		277,763
		Sirius XM Radio, Inc.
	520,000	4.63%, 07/15/2024(4)		546,000
	1,120,000	5.50%, 07/01/2029(4)		1,210,989
	817,000	WMG Acquisition Corp. 5.50%, 04/15/2026(4)		859,893
	1,328,000	Ziggo B.V. 5.50%, 01/15/2027(4)		1,411,000
				23,762,228
		Metal Fabricate/Hardware - 0.8%
	215,000	Advanced Drainage Systems, Inc. 5.00%, 09/30/2027(4)		221,719
		Novelis Corp.
	605,000	5.88%, 09/30/2026(4)		643,784
	1,115,000	6.25%, 08/15/2024(4)		1,169,356
				2,034,859
		Mining - 0.2%
	520,000	Constellium SE 5.88%, 02/15/2026(4)		549,900
		Office/Business Equipment - 0.8%
		Xerox Corp.
	1,600,000	4.13%, 03/15/2023		1,658,000
	65,000	4.80%, 03/01/2035		59,971
	275,000	6.75%, 12/15/2039		290,125
				2,008,096
		Oil & Gas - 7.5%
	875,000	California Resources Corp. 8.00%, 12/15/2022(4)		376,250
	725,000	Centennial Resource Production LLC 5.38%, 01/15/2026(4)		712,313
	2,156,000	Chesapeake Energy Corp. 11.50%, 01/01/2025(4)		2,037,420
	1,225,000	Energen Corp. 4.63%, 09/01/2021		1,253,775
	1,355,000	Jagged Peak Energy LLC 5.88%, 05/01/2026		1,399,010
	1,120,000	Matador Resources Co. 5.88%, 09/15/2026		1,122,800
		MEG Energy Corp.
	220,000	6.38%, 01/30/2023(4)		220,550
	1,090,000	6.50%, 01/15/2025(4)		1,133,709
	685,000	7.00%, 03/31/2024(4)		689,281
	600,000	Noble Holding International Ltd. 7.88%, 02/01/2026(4)		435,000
		QEP Resources, Inc.
	1,895,000	5.25%, 05/01/2023		1,876,050
	205,000	5.38%, 10/01/2022		206,025
	150,000	5.63%, 03/01/2026		146,288
		SM Energy Co.
	1,340,000	5.00%, 01/15/2024		1,276,350
	275,000	5.63%, 06/01/2025		261,022
	240,000	6.13%, 11/15/2022		242,400
	420,000	6.63%, 01/15/2027		412,799
	945,000	Sunoco L.P. / Sunoco Finance Corp. 6.00%, 04/15/2027		1,008,788
	1,945,000	Transocean, Inc. 6.80%, 03/15/2038		1,380,950
	1,275,000	Vine Oil & Gas L.P. / Vine Oil & Gas Finance Corp. 8.75%, 04/15/2023(4)		624,750
		WPX Energy, Inc.
	1,225,000	5.25%, 09/15/2024		1,301,562
	270,000	5.75%, 06/01/2026		288,225
	295,000	8.25%, 08/01/2023		339,250
				18,744,567

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 89.1% - (continued)
		Packaging & Containers - 4.4%
$	1,450,000	ARD Finance S.A. (6.50% Cash, 7.25% PIK) 6.50%, 06/30/2027(4)(8)	$	1,499,227
		Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.
	495,000	4.13%, 08/15/2026(4)		507,375
	1,440,000	5.25%, 08/15/2027(4)		1,515,629
	340,000	6.00%, 02/15/2025(4)		356,575
	949,000	Berry Global, Inc. 6.00%, 10/15/2022		966,794
	1,015,000	Crown Americas LLC / Crown Americas Capital Corp. 4.75%, 02/01/2026		1,072,094
		Flex Acquisition Co., Inc.
	1,875,000	6.88%, 01/15/2025(4)		1,889,062
	575,000	7.88%, 07/15/2026(4)		579,313
	535,000	OI European Group B.V. 4.00%, 03/15/2023(4)		539,013
		Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu
	1,250,000	5.13%, 07/15/2023(4)		1,279,687
	600,000	7.00%, 07/15/2024(4)		620,250
	200,000	Trivium Packaging Finance B.V. 5.50%, 08/15/2026(4)		210,750
				11,035,769
		Pharmaceuticals - 3.7%
		Bausch Health Cos., Inc.
	1,340,000	5.00%, 01/30/2028(4)		1,375,363
	690,000	5.50%, 03/01/2023(4)		693,450
	1,490,000	5.88%, 05/15/2023(4)		1,503,037
	700,000	6.13%, 04/15/2025(4)		723,261
	1,225,000	7.00%, 01/15/2028(4)		1,352,155
	280,000	Catalent Pharma Solutions, Inc. 4.88%, 01/15/2026(4)		289,800
		Endo Dac / Endo Finance LLC / Endo Finco, Inc.
	725,000	6.00%, 07/15/2023(4)		523,812
	1,665,000	6.00%, 02/01/2025(4)		1,122,843
		Teva Pharmaceutical Finance Netherlands B.V.
	860,000	3.15%, 10/01/2026		715,950
	900,000	6.75%, 03/01/2028		913,689
				9,213,360
		Pipelines - 3.8%
	1,684,000	Cheniere Corpus Christi Holdings LLC 5.13%, 06/30/2027		1,861,123
	530,000	Cheniere Energy Partners L.P. 4.50%, 10/01/2029(4)		544,628
	1,660,000	DCP Midstream Operating L.P. 5.38%, 07/15/2025		1,805,250
		Energy Transfer Operating L.P.
	230,000	4.25%, 03/15/2023		240,238
	1,773,000	7.50%, 10/15/2020		1,842,554
	765,000	Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp. 4.75%, 10/01/2023(4)		763,088
	2,280,000	Targa Resources Partners L.P. / Targa Resources Partners Finance Corp. 6.50%, 07/15/2027(4)		2,496,600
				9,553,481
		Real Estate Investment Trusts - 1.1%
	1,735,000	Iron Mountain, Inc. 4.88%, 09/15/2029(4)		1,762,413
		VICI Properties L.P. / VICI Note Co., Inc.
	545,000	4.25%, 12/01/2026(4)		561,350
	455,000	4.63%, 12/01/2029(4)		474,337
				2,798,100
		Retail - 4.1%
		1011778 BC ULC / New Red Finance, Inc.
	90,000	3.88%, 01/15/2028(4)		90,225
	450,000	4.38%, 01/15/2028(4)		451,125
	2,885,000	5.00%, 10/15/2025(4)		2,978,762

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

93

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 89.1% - (continued)
		Retail - 4.1% - (continued)
		Beacon Roofing Supply, Inc.
$	130,000	4.50%, 11/15/2026(4)	$	133,900
	895,000	4.88%, 11/01/2025(4)		899,475
	1,465,000	Ferrellgas L.P. / Ferrellgas Finance Corp. 6.75%, 06/15/2023		1,237,925
		KFC Holding Co. / Pizza Hut Holdings LLC / Taco Bell of America LLC
	620,000	4.75%, 06/01/2027(4)		652,550
	750,000	5.25%, 06/01/2026(4)		791,250
	620,000	Lithia Motors, Inc. 4.63%, 12/15/2027(4)		637,273
	495,000	Party City Holdings, Inc. 6.63%, 08/01/2026(4)		348,975
	1,820,000	United Rentals North America, Inc. 4.88%, 01/15/2028		1,895,039
	300,000	Yum! Brands, Inc. 4.75%, 01/15/2030(4)		314,250
				10,430,749
		Semiconductors - 2.6%
	1,345,000	Entegris, Inc. 4.63%, 02/10/2026(4)		1,392,075
		Micron Technology, Inc.
	185,000	4.64%, 02/06/2024		200,779
	910,000	4.98%, 02/06/2026		1,010,392
		Qorvo, Inc.
	795,000	4.38%, 10/15/2029(4)		832,762
	1,400,000	5.50%, 07/15/2026		1,491,000
		Sensata Technologies B.V.
	1,221,000	5.00%, 10/01/2025(4)		1,326,311
	235,000	5.63%, 11/01/2024(4)		261,438
				6,514,757
		Software - 3.4%
	595,000	CDK Global, Inc. 5.25%, 05/15/2029(4)		638,138
	980,000	Change Healthcare Holdings LLC / Change Healthcare Finance, Inc. 5.75%, 03/01/2025(4)		1,006,950
	2,075,000	Infor U.S., Inc. 6.50%, 05/15/2022		2,106,125
		IQVIA, Inc.
EUR	390,000	2.25%, 01/15/2028(4)		451,644
$	680,000	5.00%, 05/15/2027(4)		719,341
	1,460,000	MSCI, Inc. 4.00%, 11/15/2029(4)		1,480,075
	1,370,000	SS&C Technologies, Inc. 5.50%, 09/30/2027(4)		1,462,475
	548,000	Western Digital Corp. 4.75%, 02/15/2026		571,290
				8,436,038
		Telecommunications - 7.0%
		Altice Financing S.A.
	380,000	6.63%, 02/15/2023(4)		386,650
	1,725,000	7.50%, 05/15/2026(4)		1,854,375
	215,000	Altice France S.A. 5.50%, 01/15/2028(4)		220,923
		CenturyLink, Inc.
	704,000	5.63%, 04/01/2025		748,035
	466,000	7.50%, 04/01/2024		525,415
	855,000	Embarq Corp. 8.00%, 06/01/2036		904,163
		Frontier Communications Corp.
	940,000	6.88%, 01/15/2025		455,900
	1,275,000	8.50%, 04/01/2026(4)		1,290,937
	570,000	10.50%, 09/15/2022		277,875
		Intelsat Jackson Holdings S.A.
	1,450,000	5.50%, 08/01/2023		1,245,608
	2,115,000	8.50%, 10/15/2024(4)		1,926,405
	550,000	Sprint Capital Corp. 8.75%, 03/15/2032		667,563
		Sprint Corp.
	2,495,000	7.25%, 09/15/2021		2,638,462
	10,000	7.63%, 02/15/2025		10,974
	2,694,000	7.88%, 09/15/2023		2,972,371
	480,000	Telecom Italia Capital S.A. 7.20%, 07/18/2036		568,704
	725,000	Telecom Italia S.p.A. 5.30%, 05/30/2024(4)		779,375
				17,473,735

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 89.1% - (continued)
		Toys/Games/Hobbies - 0.7%
		Mattel, Inc.
$	420,000	5.88%, 12/15/2027(4)	$	442,575
	1,250,000	6.75%, 12/31/2025(4)		1,343,500
				1,786,075
		Trucking & Leasing - 0.6%
		Avolon Holdings Funding Ltd.
	335,000	3.95%, 07/01/2024(4)		349,104
	140,000	4.38%, 05/01/2026(4)		147,882
	945,000	5.25%, 05/15/2024(4)		1,031,543
				1,528,529
		Total Corporate Bonds (cost $218,200,200)	$	223,977,111
SENIOR FLOATING RATE INTERESTS - 5.2%(9)
		Auto Parts & Equipment - 0.3%
	788,025	Panther BF Aggregator L.P. 5.31%, 04/30/2026, 1 mo. USD LIBOR + 3.500%	$	789,507
		Commercial Services - 1.1%
	758,450	Blackhawk Network Holdings, Inc. 4.80%, 06/15/2025, 1 mo. USD LIBOR + 3.000%		757,661
	2,125,000	Dun & Bradstreet Corp. 6.79%, 02/06/2026, 1 mo. USD LIBOR + 5.000%		2,141,830
				2,899,491
		Diversified Financial Services - 0.3%
	706,780	Crown Finance U.S., Inc. 4.05%, 02/28/2025, 1 mo. USD LIBOR + 2.250%		705,812
		Electronics - 0.4%
	915,000	Pitney Bowes, Inc. 0.00%, 12/05/2026, 1 mo. USD LIBOR + 4.000%(10)		903,846
		Food Service - 0.1%
	246,250	CHG PPC Parent LLC 4.55%, 03/31/2025, 1 mo. USD LIBOR + 2.750%		246,558
		Gas - 0.1%
	272,938	Messer Industries GmbH 4.45%, 03/01/2026, 1 mo. USD LIBOR + 2.500%		274,226
		Healthcare-Services - 0.2%
	591,701	Syneos Health, Inc. 3.80%, 08/01/2024, 1 mo. USD LIBOR + 2.000%		594,659
		Household Products - 0.2%
	470,400	Diamond (BC) B.V. 4.93%, 09/06/2024, 2 mo. USD LIBOR + 3.000%		459,581
		Insurance - 1.0%
	1,758,225	Asurion LLC 4.80%, 11/03/2024, 1 mo. USD LIBOR + 3.000%		1,767,332
	778,150	Hub International Ltd. 4.69%, 04/25/2025, 2 mo. USD LIBOR + 3.000%		777,123
				2,544,455
		Leisure Time - 0.5%
	1,251,050	Golden Entertainment, Inc. 4.80%, 10/21/2024, 1 mo. USD LIBOR + 3.000%		1,254,178
		Media - 0.6%
	1,404,975	AVSC Holding Corp. 5.09%, 03/03/2025, 3 mo. USD LIBOR + 3.250%		1,397,950
		Semiconductors - 0.1%
	365,056	Microchip Technology, Inc. 3.80%, 05/29/2025, 1 mo. USD LIBOR + 2.000%		366,881

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

94

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
SENIOR FLOATING RATE INTERESTS - 5.2%(9) - (continued)
		Software - 0.3%
$	199,103	SS&C Technologies Holdings Europe S.a.r.l. 4.05%, 04/16/2025, 1 mo. USD LIBOR + 2.250%	$	200,384
	450,075	SS&C Technologies, Inc. 4.05%, 04/16/2025, 1 mo. USD LIBOR + 2.250%		452,927
				653,311
		Total Senior Floating Rate Interests (cost $13,008,103)	$	13,090,455
CONVERTIBLE BONDS - 1.1%
		Commercial Services - 0.3%
	690,000	Cardtronics, Inc. 1.00%, 12/01/2020	$	734,455
		Media - 0.4%
	985,000	Scripps Escrow, Inc. 5.88%, 07/15/2027(4)		1,031,787
		Software - 0.4%
	1,052,000	Western Digital Corp. 1.50%, 02/01/2024		1,030,303
		Total Convertible Bonds (cost $2,762,997)	$	2,796,545
ESCROWS - 0.9%(11)
		Media - 0.8%
	1,785,000	Nexstar Broadcasting, Inc. 5.63%, 07/15/2027*(4)	$	1,881,033
		Packaging & Containers - 0.1%
	305,000	Berry Global, Inc. 5.63%, 07/15/2027*(4)		327,113
		Total Escrows (cost $2,138,398)	$	2,208,146
		Total Long-Term Investments (cost $240,256,312)	$	244,347,716
SHORT-TERM INVESTMENTS - 1.5%
		Other Investment Pools & Funds - 1.5%
	3,738,849	Fidelity Institutional Government Fund, Institutional Class, 1.49%(12)	$	3,738,849
		Total Short-Term Investments (cost $3,738,849)	$	3,738,849

Total Investments (cost $243,995,161)	98.7	%	$	248,086,565
Other Assets and Liabilities	1.3	%		3,179,634
Total Net Assets	100.0	%	$	251,266,199

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

* Non-income producing.

⁽¹⁾  Investment valued using significant unobservable inputs.

⁽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, 2019, the aggregate fair value of this security was $801,379, which represented 0.3% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

⁽³⁾  Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $801,379 or 0.3% of net assets.

Period Acquired		Security Name	Shares/ Par Value		Base Total Cost		Base Market Value
	03/2011	KCA Deutag		206,275,142	$	2,795,441	$	801,379

⁽⁴⁾  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At December 31, 2019, the aggregate value of these securities was $131,905,352, representing 52.5% of net assets.

⁽⁵⁾  Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At December 31, 2019, the aggregate value of these securities was $7,235,008, representing 2.9% of net assets.

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

⁽⁷⁾  Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at December 31, 2019. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.

⁽⁸⁾  Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed.

⁽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. Base lending rates may be subject to a floor or cap. Unless otherwise noted, the interest rate disclosed for these securities represents the rate in effect as of December 31, 2019.

⁽¹⁰⁾  Represents an unsettled loan commitment. The coupon rate will be determined at time of settlement.

⁽¹¹⁾  Share amount represents shares of the issuer previously held that resulted in receipt of the escrow.

⁽¹²⁾  Current yield as of period end.

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

95

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Centrally Cleared Credit Default Swap Contracts Outstanding at December 31, 2019
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:
Sell protection:
CDX.NA.HY.33.V2		USD	4,700,000		5.00	%		12/20/24		Quarterly	$	333,752	$	456,060	$	122,308
Total											$	333,752	$	456,060	$	122,308

^(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.

Foreign Currency Contracts Outstanding at December 31, 2019
Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Counterparty		Settlement Date		Appreciation		(Depreciation)
	613,799	USD		552,000	EUR		BMO		01/31/20	$	—	$	(6,571	)
	4,784,528	USD		4,287,000	EUR		CBK		01/31/20		—		(33,460	)
	Total									$	—	$	(40,031	)

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

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total			Level 1		Level 2			Level 3(1)
Assets
Common Stocks
Consumer Services	$	799,680		$	799,680	$	—		$	—
Diversified Financials		674,400			674,400		—			—
Energy		801,379			—		—			801,379
Corporate Bonds		223,977,111			—		223,977,111			—
Senior Floating Rate Interests		13,090,455			—		13,090,455			—
Convertible Bonds		2,796,545			—		2,796,545			—
Escrows		2,208,146			—		2,208,146			—
Short-Term Investments		3,738,849			3,738,849		—			—
Swaps - Credit Default(2)		122,308			—		122,308			—
Total	$	248,208,873		$	5,212,929	$	242,194,565		$	801,379
Liabilities
Foreign Currency Contracts(2)	$	(40,031	)	$	—	$	(40,031	)	$	—
Total	$	(40,031	)	$	—	$	(40,031	)	$	—

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and out of Level 3.

⁽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, 2019 is not presented.

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

96

Hartford International Opportunities HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.7%
		Argentina - 0.4%
	9,138	MercadoLibre, Inc.*	$	5,226,388
		Brazil - 4.2%
	596,215	B3 S.A. - Brasil Bolsa Balcao		6,368,697
	410,390	Banco do Brasil S.A.		5,388,620
	603,200	BR Malls Participacoes S.A.		2,708,080
	553,812	Localiza Rent a Car S.A.		6,527,016
	177,300	Lojas Renner S.A.		2,476,567
	111,040	Magazine Luiza S.A.		1,316,680
	148,000	Notre Dame Intermedica Participacoes S.A.		2,511,000
	137,281	Pagseguro Digital Ltd. Class A*		4,689,519
	797,045	Petrobras Distribuidora S.A.		5,957,974
	771,515	Vale S.A. ADR		10,183,998
	80,400	XP, Inc. Class A*(1)		3,097,008
				51,225,159
		Canada - 5.5%
	227,431	Alimentation Couche-Tard, Inc. Class B		7,217,613
	278,479	Canadian National Railway Co.		25,191,890
	235,061	Canadian Natural Resources Ltd.		7,602,758
	211,106	Dollarama, Inc.		7,255,524
	2,288,669	Encana Corp.		10,715,881
	42,516	Intact Financial Corp.		4,597,510
	100,043	TC Energy Corp.		5,328,231
				67,909,407
		China - 14.5%
	132,132	58.com, Inc. ADR*		8,552,904
	187,520	Alibaba Group Holding Ltd. ADR*		39,772,992
	683,834	China National Accord Medicines Corp. Ltd. Class A		4,456,101
	98,359,314	China Tower Corp. Ltd. Class H(2)		21,730,525
	1,243,426	ENN Energy Holdings Ltd.		13,584,668
	2,266,900	Great Wall Motor Co., Ltd. Class H		1,677,290
	1,627,760	Guangzhou Automobile Group Co., Ltd. Class H		2,026,548
	435,820	Hangzhou Tigermed Consulting Co., Ltd. Class A		3,955,896
	2,993,920	Kingdee International Software Group Co., Ltd.		2,995,236
	86,225	New Oriental Education & Technology Group, Inc. ADR*		10,454,781
	77,400	Pharmaron Beijing Co., Ltd. Class H*(2)		432,080
	1,542,525	Ping An Insurance Group Co. of China Ltd. Class H		18,253,409
	135,676	TAL Education Group ADR*		6,539,583
	758,034	Tencent Holdings Ltd.		36,519,140
	106,484	Trip.com Group Ltd. ADR*		3,571,473
	291,775	WuXi AppTec Co., Ltd. Class H(2)		3,617,506
				178,140,132
		Denmark - 1.5%
	59,280	Carlsberg A/S Class B		8,846,708
	87,224	DSV A/S		10,052,851
				18,899,559
		France - 14.3%
	157,847	Airbus SE		23,166,434
	987,846	AXA S.A.		27,912,815
	139,445	Capgemini SE		17,054,798
	1,223,719	Engie S.A.		19,822,192
	8,228	Kering S.A.(1)		5,421,549
	9,008	LVMH Moet Hennessy Louis Vuitton SE		4,197,310
	85,719	Safran S.A.		13,240,095
	601,743	Total S.A.		33,391,024
	189,483	Vinci S.A.		21,103,395
	155,049	Worldline S.A.*(1)(2)		10,991,572
				176,301,184
		Germany - 3.5%
	46,849	Allianz SE		11,479,306
	883,466	Infineon Technologies AG		19,961,337
	126,532	Vonovia SE		6,795,953

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.7% - (continued)
		Germany - 3.5% - (continued)
	91,636	Zalando SE*(2)	$	4,621,215
				42,857,811
		Hong Kong - 1.4%
	1,651,445	AIA Group Ltd.		17,369,833
		India - 2.0%
	1,080,057	HDFC Bank Ltd.		19,272,046
	617,350	ICICI Bank Ltd.		4,681,835
				23,953,881
		Israel - 0.3%
	435,816	Teva Pharmaceutical Industries Ltd. ADR*		4,270,997
		Italy - 2.3%
	49,905	Ferrari N.V.		8,286,008
	1,610,448	Pirelli & C. S.p.A.(2)		9,294,976
	697,694	UniCredit S.p.A.		10,198,167
				27,779,151
		Japan - 14.1%
	97,825	Daikin Industries Ltd.		13,802,106
	75,500	Eisai Co., Ltd.		5,649,359
	88,888	FANUC Corp.		16,414,485
	10,000	Fast Retailing Co., Ltd.		5,940,738
	3,000	Japan Airlines Co., Ltd.		93,408
	43,702	Keyence Corp.		15,345,450
	639,223	Mitsui Fudosan Co., Ltd. REIT		15,622,557
	412,640	Nexon Co., Ltd.*		5,473,786
	307,715	Recruit Holdings Co., Ltd.		11,525,566
	205,453	Shiseido Co., Ltd.		14,589,212
	303,900	SoftBank Group Corp.		13,194,433
	471,037	Sony Financial Holdings, Inc.		11,307,177
	398,775	Sumitomo Mitsui Financial Group, Inc.		14,728,895
	91,387	Sysmex Corp.		6,222,075
	309,900	T&D Holdings, Inc.		3,918,904
	137,250	Terumo Corp.		4,868,848
	253,346	Tokio Marine Holdings, Inc.		14,184,533
				172,881,532
		Netherlands - 2.6%
	150,865	AerCap Holdings N.V.*		9,273,671
	505,443	ING Groep N.V.		6,076,640
	335,704	Koninklijke Philips N.V.		16,410,454
				31,760,765
		Norway - 0.2%
	765,178	Norsk Hydro ASA		2,845,398
		Philippines - 0.3%
	3,985,870	Ayala Land, Inc.		3,574,967
		Portugal - 0.3%
	215,836	Galp Energia SGPS S.A.		3,623,466
		Russia - 0.7%
	189,167	Yandex N.V. Class A*		8,226,873
		South Korea - 2.5%
	5,411	LG Household & Health Care Ltd.		5,877,707
	509,452	Samsung Electronics Co., Ltd.		24,548,884
				30,426,591
		Spain - 4.7%
	6,027,582	Banco Santander S.A.		25,272,128
	4,373,601	CaixaBank S.A.		13,772,724
	363,864	Cellnex Telecom S.A.*(2)		15,695,494
	306,150	Iberdrola S.A.		3,155,050
				57,895,396
		Sweden - 1.4%
	784,395	Sandvik AB		15,277,940

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

97

Hartford International Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.7% - (continued)
		Sweden - 1.4% - (continued)
	12,967	Spotify Technology S.A.*	$	1,939,215
				17,217,155
		Switzerland - 6.1%
	146,849	Alcon, Inc.*		8,317,764
	16,902	Lonza Group AG*		6,165,973
	297,215	Nestle S.A.		32,178,040
	257,760	Novartis AG		24,407,184
	30,530	PSP Swiss Property AG		4,215,417
				75,284,378
		Taiwan - 1.5%
	297,585	MediaTek, Inc.		4,409,339
	1,221,865	Taiwan Semiconductor Manufacturing Co., Ltd.		13,523,387
				17,932,726
		United Kingdom - 14.0%
	539,682	Anglo American plc		15,503,938
	178,112	AstraZeneca plc		17,827,575
	131,825	Berkeley Group Holdings plc		8,484,561
	367,360	Compass Group plc		9,206,693
	275,149	Derwent London plc REIT		14,614,939
	277,038	Diageo plc		11,673,454
	184,880	Intertek Group plc		14,326,007
	106,571	London Stock Exchange Group plc		10,952,512
	1,682,647	National Grid plc		21,028,314
	298,670	Rio Tinto plc		17,679,760
	169,864	Smith & Nephew plc		4,093,847
	1,102,754	Standard Chartered plc		10,391,346
	275,504	Unilever N.V.		15,811,360
				171,594,306
		United States - 0.4%
	168,101	Bausch Health Cos., Inc.*		5,029,582
		Total Common Stocks (cost $1,047,318,677)	$	1,212,226,637
SHORT-TERM INVESTMENTS - 1.4%
		Other Investment Pools & Funds - 0.8%
	9,735,878	BlackRock Liquidity Funds, FedFund Portfolio, Institutional Class,1.58%(3)	$	9,735,878
		Securities Lending Collateral - 0.6%
	378,646	Citibank NA DDCA, 1.54%, 1/2/2020(3)		378,646
	1,836,079	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 1.52%(3)		1,836,079
	1,692,061	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 1.75%(3)		1,692,061
	846,031	JPMorgan Prime Money Market Fund, 1.69%(3)		846,031
	2,256,081	Morgan Stanley Institutional Liquidity Funds, Prime Portfolio, Institutional Class, 1.72%(3)		2,256,081
	564,020	State Street Institutional Liquid Reserves Fund, 1.70%(3)		564,020
				7,572,918
		Total Short-Term Investments (cost $17,308,796)	$	17,308,796

Total Investments (cost $1,064,627,473)	100.1	%	$	1,229,535,433
Other Assets and Liabilities	(0.1	)%		(850,469	)
Total Net Assets	100.0	%	$	1,228,684,964

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

* Non-income producing.

⁽¹⁾  Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

⁽²⁾  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At December 31, 2019, the aggregate value of these securities was $66,383,368, representing 5.4% of net assets.

⁽³⁾  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.

98

Hartford International Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total		Level 1		Level 2		Level 3(1)
Assets
Common Stocks
Argentina	$	5,226,388	$	5,226,388	$	—	$	—
Brazil		51,225,159		51,225,159		—		—
Canada		67,909,407		67,909,407		—		—
China		178,140,132		69,323,813		108,816,319		—
Denmark		18,899,559		10,052,851		8,846,708		—
France		176,301,184		—		176,301,184		—
Germany		42,857,811		—		42,857,811		—
Hong Kong		17,369,833		—		17,369,833		—
India		23,953,881		—		23,953,881		—
Israel		4,270,997		4,270,997		—		—
Italy		27,779,151		—		27,779,151		—
Japan		172,881,532		—		172,881,532		—
Netherlands		31,760,765		9,273,671		22,487,094		—
Norway		2,845,398		—		2,845,398		—
Philippines		3,574,967		—		3,574,967		—
Portugal		3,623,466		—		3,623,466		—
Russia		8,226,873		8,226,873		—		—
South Korea		30,426,591		—		30,426,591		—
Spain		57,895,396		—		57,895,396		—
Sweden		17,217,155		1,939,215		15,277,940		—
Switzerland		75,284,378		—		75,284,378		—
Taiwan		17,932,726		—		17,932,726		—
United Kingdom		171,594,306		23,099,500		148,494,806		—
United States		5,029,582		5,029,582		—		—
Short-Term Investments		17,308,796		17,308,796		—		—
Total	$	1,229,535,433	$	272,886,252	$	956,649,181	$	—

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and out of Level 3.

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

99

Hartford MidCap HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.2%
		Banks - 5.6%
	204,778	Cullen/Frost Bankers, Inc.	$	20,023,193
	32,270	First Citizens BancShares, Inc. Class A		17,174,417
	223,150	First Republic Bank		26,208,967
	125,767	M&T Bank Corp.		21,348,948
	265,358	Prosperity Bancshares, Inc.		19,076,587
	148,686	South State Corp.		12,898,510
				116,730,622
		Capital Goods - 10.1%
	402,028	Axon Enterprise, Inc.*		29,460,612
	577,984	Fastenal Co.		21,356,509
	726,279	Gardner Denver Holdings, Inc.*		26,639,914
	130,601	HEICO Corp. Class A		11,692,707
	206,058	IDEX Corp.		35,441,976
	127,815	Lennox International, Inc.		31,183,025
	237,094	Lincoln Electric Holdings, Inc.		22,934,103
	229,564	PACCAR, Inc.		18,158,512
	90,380	Watsco, Inc.		16,281,957
				213,149,315
		Commercial & Professional Services - 5.6%
	48,714	Cintas Corp.		13,107,963
	32,315	CoStar Group, Inc.*		19,334,065
	411,590	Healthcare Services Group, Inc.(1)		10,009,869
	479,066	IAA, Inc.*		22,544,846
	868,542	KAR Auction Services, Inc.		18,925,530
	268,776	TransUnion		23,009,913
	112,275	Waste Connections, Inc.		10,193,447
				117,125,633
		Consumer Durables & Apparel - 5.5%
	237,711	Carter’s, Inc.		25,991,321
	9,472	NVR, Inc.*		36,073,259
	210,741	PVH Corp.		22,159,416
	666,181	Under Armour, Inc. Class C*		12,777,352
	543,019	YETI Holdings, Inc.*		18,886,201
				115,887,549
		Consumer Services - 3.2%
	334,928	Choice Hotels International, Inc.		34,641,603
	703,661	Service Corp. International		32,389,516
				67,031,119
		Diversified Financials - 2.8%
	53,261	Credit Acceptance Corp.*		23,558,938
	54,767	FactSet Research Systems, Inc.		14,693,986
	190,458	Northern Trust Corp.		20,234,258
				58,487,182
		Energy - 0.4%
	659,375	WPX Energy, Inc.*		9,059,813
		Food & Staples Retailing - 0.2%
	68,500	Performance Food Group Co.*		3,526,380
		Health Care Equipment & Services - 10.6%
	301,694	Encompass Health Corp.		20,898,344
	229,489	Hill-Rom Holdings, Inc.		26,053,886
	412,508	Integra LifeSciences Holdings Corp.*		24,040,966
	167,991	Masimo Corp.*		26,552,658
	383,295	NuVasive, Inc.*		29,644,035
	135,555	STERIS plc		20,661,293
	69,539	Teleflex, Inc.		26,177,261
	203,077	Varian Medical Systems, Inc.*		28,838,965
	141,744	Veeva Systems, Inc. Class A*		19,937,711
				222,805,119
		Insurance - 4.8%
	20,645	Alleghany Corp.*		16,507,122
	350,242	Fidelity National Financial, Inc.		15,883,475

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.2% - (continued)
		Insurance - 4.8% - (continued)
	29,093	Markel Corp.*	$	33,258,245
	16,308	White Mountains Insurance Group Ltd.		18,191,737
	231,567	WR Berkley Corp.		16,001,280
				99,841,859
		Materials - 2.7%
	438,559	Ball Corp.		28,361,610
	170,701	Packaging Corp. of America		19,116,805
	311,045	Silgan Holdings, Inc.		9,667,279
				57,145,694
		Media & Entertainment - 2.5%
	16,022	Cable One, Inc.		23,848,266
	423,892	Cargurus, Inc.*		14,912,521
	103,059	Roku, Inc.*		13,799,600
				52,560,387
		Pharmaceuticals, Biotechnology & Life Sciences - 8.8%
	389,860	Aerie Pharmaceuticals, Inc.*		9,422,916
	245,617	Alnylam Pharmaceuticals, Inc.*		28,287,710
	119,232	Bio-Techne Corp.		26,172,616
	417,598	Ionis Pharmaceuticals, Inc.*		25,227,095
	21,308	Mettler-Toledo International, Inc.*		16,903,210
	249,999	PRA Health Sciences, Inc.*		27,787,389
	84,776	Reata Pharmaceuticals, Inc. Class A*		17,330,758
	171,635	Repligen Corp.*		15,876,238
	152,044	Seattle Genetics, Inc.*		17,372,547
				184,380,479
		Real Estate - 2.2%
	353,856	Douglas Emmett, Inc. REIT		15,534,278
	476,310	Equity Commonwealth REIT		15,637,257
	704,018	Redfin Corp.*		14,882,941
				46,054,476
		Retailing - 2.5%
	202,715	CarMax, Inc.*		17,772,024
	352,315	Etsy, Inc.*		15,607,555
	177,764	GrubHub, Inc.*(1)		8,646,441
	119,066	Wayfair, Inc. Class A*(1)		10,759,994
				52,786,014
		Semiconductors & Semiconductor Equipment - 3.5%
	235,347	MKS Instruments, Inc.		25,890,524
	142,723	Monolithic Power Systems, Inc.		25,407,548
	192,822	Silicon Laboratories, Inc.*		22,363,496
				73,661,568
		Software & Services - 16.5%
	220,499	Akamai Technologies, Inc.*		19,046,704
	132,875	Aspen Technology, Inc.*		16,068,574
	389,785	Black Knight, Inc.*		25,133,337
	294,315	Blackbaud, Inc.		23,427,474
	97,518	EPAM Systems, Inc.*		20,689,419
	82,475	Fair Isaac Corp.*		30,901,733
	1,271,647	Genpact Ltd.		53,625,354
	234,760	Guidewire Software, Inc.*		25,769,605
	272,390	PTC, Inc.*		20,399,287
	202,429	Q2 Holdings, Inc.*		16,412,943
	934,129	Teradata Corp.*		25,006,633
	105,499	VeriSign, Inc.*		20,327,547
	238,414	WEX, Inc.*		49,938,197
				346,746,807
		Technology Hardware & Equipment - 8.6%
	146,909	CDW Corp.		20,984,482
	144,455	Coherent, Inc.*		24,030,089
	1,132,448	CommScope Holding Co., Inc.*		16,069,437
	170,822	F5 Networks, Inc.*		23,855,292

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

100

Hartford MidCap HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.2% - (continued)
		Technology Hardware & Equipment - 8.6% - (continued)
	865,960	II-VI, Inc.*	$	29,156,873
	130,465	Keysight Technologies, Inc.*		13,389,623
	410,159	Lumentum Holdings, Inc.*		32,525,609
	501,879	National Instruments Corp.		21,249,557
				181,260,962
		Transportation - 0.9%
	48,714	AMERCO		18,307,695
		Utilities - 2.2%
	146,563	Black Hills Corp.		11,511,058
	293,442	NiSource, Inc.		8,169,425
	602,846	UGI Corp.		27,224,526
				46,905,009
		Total Common Stocks (cost $1,514,136,684)	$	2,083,453,682
SHORT-TERM INVESTMENTS - 0.7%
		Other Investment Pools & Funds - 0.2%
	5,519,305	Fidelity Institutional Government Fund, Institutional Class, 1.49%(2)	$	5,519,305
		Securities Lending Collateral - 0.5%
	489,248	Citibank NA DDCA, 1.54%, 1/2/2020(2)		489,248
	2,372,394	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 1.52%(2)		2,372,394
	2,186,308	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 1.75%(2)		2,186,308
	1,093,154	JPMorgan Prime Money Market Fund, 1.69%(2)		1,093,154
	2,915,078	Morgan Stanley Institutional Liquidity Funds, Prime Portfolio, Institutional Class, 1.72%(2)		2,915,078
	728,769	State Street Institutional Liquid Reserves Fund, 1.70%(2)		728,769
				9,784,951
		Total Short-Term Investments (cost $15,304,256)	$	15,304,256

Total Investments (cost $1,529,440,940)	99.9	%	$	2,098,757,938
Other Assets and Liabilities	0.1	%		1,447,712
Total Net Assets	100.0	%	$	2,100,205,650

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

* Non-income producing.

⁽¹⁾  Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

⁽²⁾  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.

101

Hartford MidCap HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total		Level 1		Level 2		Level 3(1)
Assets
Common Stocks
Banks	$	116,730,622	$	116,730,622	$	—	$	—
Capital Goods		213,149,315		213,149,315		—		—
Commercial & Professional Services		117,125,633		117,125,633		—		—
Consumer Durables & Apparel		115,887,549		115,887,549		—		—
Consumer Services		67,031,119		67,031,119		—		—
Diversified Financials		58,487,182		58,487,182		—		—
Energy		9,059,813		9,059,813		—		—
Food & Staples Retailing		3,526,380		3,526,380		—		—
Health Care Equipment & Services		222,805,119		222,805,119		—		—
Insurance		99,841,859		99,841,859		—		—
Materials		57,145,694		57,145,694		—		—
Media & Entertainment		52,560,387		52,560,387		—		—
Pharmaceuticals, Biotechnology & Life Sciences		184,380,479		184,380,479		—		—
Real Estate		46,054,476		46,054,476		—		—
Retailing		52,786,014		52,786,014		—		—
Semiconductors & Semiconductor Equipment		73,661,568		73,661,568		—		—
Software & Services		346,746,807		346,746,807		—		—
Technology Hardware & Equipment		181,260,962		181,260,962		—		—
Transportation		18,307,695		18,307,695		—		—
Utilities		46,905,009		46,905,009		—		—
Short-Term Investments		15,304,256		15,304,256		—		—
Total	$	2,098,757,938	$	2,098,757,938	$	—	$	—

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and out of Level 3.

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

102

Hartford MidCap Growth HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.0%
		Banks - 1.5%
	13,032	First Republic Bank	$	1,530,608
		Capital Goods - 7.0%
	3,852	Albany International Corp. Class A		292,444
	43,714	BWX Technologies, Inc.		2,713,765
	36,041	Hexcel Corp.		2,642,166
	15,511	Lincoln Electric Holdings, Inc.		1,500,379
				7,148,754
		Commercial & Professional Services - 6.5%
	6,630	Equifax, Inc.		928,995
	44,465	IHS Markit Ltd.*		3,350,438
	16,956	TransUnion		1,451,603
	15,506	TriNet Group, Inc.*		877,795
				6,608,831
		Consumer Durables & Apparel - 2.0%
	93,978	Under Armour, Inc. Class A*		2,029,925
		Consumer Services - 13.2%
	70,403	Aramark		3,055,490
	24,206	Bright Horizons Family Solutions, Inc.*		3,637,920
	3,756	Domino’s Pizza, Inc.		1,103,438
	95,270	Extended Stay America, Inc.		1,415,712
	16,520	Grand Canyon Education, Inc.*		1,582,451
	4,589	Hilton Worldwide Holdings, Inc.		508,966
	9,098	Vail Resorts, Inc.		2,181,973
				13,485,950
		Diversified Financials - 1.9%
	9,570	Hamilton Lane, Inc. Class A		570,372
	2,336	MarketAxess Holdings, Inc.		885,601
	1,854	MSCI, Inc.		478,666
				1,934,639
		Health Care Equipment & Services - 5.5%
	9,217	ABIOMED, Inc.*		1,572,328
	32,107	Centene Corp.*		2,018,567
	12,508	Penumbra, Inc.*		2,054,689
				5,645,584
		Media & Entertainment - 5.9%
	14,740	Electronic Arts, Inc.*		1,584,697
	39,368	Liberty Media Corp-Liberty Formula One Class C*		1,809,550
	5,155	Roku, Inc.*		690,255
	16,042	Take-Two Interactive Software, Inc.*		1,964,022
				6,048,524
		Pharmaceuticals, Biotechnology & Life Sciences - 7.7%
	11,278	Bluebird Bio, Inc.*		989,645
	11,892	ICON plc*		2,048,159
	18,426	Incyte Corp.*		1,608,958
	2,782	Mettler-Toledo International, Inc.*		2,206,905
	9,192	Seattle Genetics, Inc.*		1,050,278
				7,903,945
		Real Estate - 2.3%
	9,723	SBA Communications Corp. REIT		2,343,146
		Retailing - 7.6%
	12,250	Burlington Stores, Inc.*		2,793,367
	29,114	Etsy, Inc.*		1,289,750
	26,470	Expedia Group, Inc.		2,862,466
	1,934	O’Reilly Automotive, Inc.*		847,595
				7,793,178
		Semiconductors & Semiconductor Equipment - 7.8%
	34,364	Advanced Micro Devices, Inc.*		1,575,933
	11,723	First Solar, Inc.*		656,019
	11,275	KLA Corp.		2,008,867

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.0% - (continued)
		Semiconductors & Semiconductor Equipment - 7.8% - (continued)
	6,530	Microchip Technology, Inc.	$	683,822
	10,373	Monolithic Power Systems, Inc.		1,846,601
	17,785	Teradyne, Inc.		1,212,759
				7,984,001
		Software & Services - 24.9%
	28,014	Black Knight, Inc.*		1,806,343
	21,293	Blackbaud, Inc.		1,694,923
	34,104	Ceridian HCM Holding, Inc.*		2,314,980
	21,541	DocuSign, Inc.*		1,596,403
	23,225	Gartner, Inc.*		3,578,972
	12,904	Global Payments, Inc.		2,355,754
	24,661	GoDaddy, Inc. Class A*		1,674,975
	19,104	Guidewire Software, Inc.*		2,097,046
	31,131	Slack Technologies, Inc. Class A*(1)		699,825
	12,631	Splunk, Inc.*		1,891,745
	59,609	SS&C Technologies Holdings, Inc.		3,659,993
	7,045	Tyler Technologies, Inc.*		2,113,641
				25,484,600
		Technology Hardware & Equipment - 3.9%
	10,537	CDW Corp.		1,505,105
	5,386	Coherent, Inc.*		895,961
	42,771	Flex Ltd.*		539,770
	12,191	Itron, Inc.*		1,023,435
				3,964,271
		Transportation - 1.3%
	11,086	J.B. Hunt Transport Services, Inc.		1,294,623
		Total Common Stocks (cost $83,548,152)	$	101,200,579
SHORT-TERM INVESTMENTS - 1.8%
		Other Investment Pools & Funds - 1.1%
	1,135,279	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 1.52%(2)	$	1,135,279
		Securities Lending Collateral - 0.7%
	34,980	Citibank NA DDCA, 1.54%, 1/2/2020(2)		34,980
	169,618	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 1.52%(2)		169,618
	156,314	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 1.75%(2)		156,314
	78,157	JPMorgan Prime Money Market Fund, 1.69%(2)		78,157
	208,418	Morgan Stanley Institutional Liquidity Funds, Prime Portfolio, Institutional Class, 1.72%(2)		208,418
	52,104	State Street Institutional Liquid Reserves Fund, 1.70%(2)		52,104
				699,591
		Total Short-Term Investments (cost $1,834,870)	$	1,834,870

Total Investments (cost $85,383,022)	100.8	%	$	103,035,449
Other Assets and Liabilities	(0.8	)%		(771,173	)
Total Net Assets	100.0	%	$	102,264,276

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

103

Hartford MidCap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2019

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

* Non-income producing.

⁽¹⁾  Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

⁽²⁾  Current yield as of period end.

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

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total		Level 1		Level 2		Level 3(1)
Assets
Common Stocks
Banks	$	1,530,608	$	1,530,608	$	—	$	—
Capital Goods		7,148,754		7,148,754		—		—
Commercial & Professional Services		6,608,831		6,608,831		—		—
Consumer Durables & Apparel		2,029,925		2,029,925		—		—
Consumer Services		13,485,950		13,485,950		—		—
Diversified Financials		1,934,639		1,934,639		—		—
Health Care Equipment & Services		5,645,584		5,645,584		—		—
Media & Entertainment		6,048,524		6,048,524		—		—
Pharmaceuticals, Biotechnology & Life Sciences		7,903,945		7,903,945		—		—
Real Estate		2,343,146		2,343,146		—		—
Retailing		7,793,178		7,793,178		—		—
Semiconductors & Semiconductor Equipment		7,984,001		7,984,001		—		—
Software & Services		25,484,600		25,484,600		—		—
Technology Hardware & Equipment		3,964,271		3,964,271		—		—
Transportation		1,294,623		1,294,623		—		—
Short-Term Investments		1,834,870		1,834,870		—		—
Total	$	103,035,449	$	103,035,449	$	—	$	—

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and out of Level 3.

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

104

Hartford MidCap Value HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.7%
		Banks - 9.5%
	54,924	Comerica, Inc.	$	3,940,797
	38,944	IBERIABANK Corp.		2,914,180
	30,609	M&T Bank Corp.		5,195,878
	185,860	Sterling Bancorp		3,917,929
	113,302	Synovus Financial Corp.		4,441,438
	77,557	Western Alliance Bancorp		4,420,749
	105,185	Zions Bancorp NA		5,461,205
				30,292,176
		Capital Goods - 10.5%
	70,439	Colfax Corp.*		2,562,571
	38,934	EnerSys		2,913,431
	77,629	Fortune Brands Home & Security, Inc.		5,072,279
	138,191	Gardner Denver Holdings, Inc.*		5,068,846
	131,195	JELD-WEN Holding, Inc.*		3,071,275
	26,176	L3Harris Technologies, Inc.		5,179,445
	37,847	Moog, Inc. Class A		3,229,485
	52,904	Sensata Technologies Holding plc*		2,849,938
	46,625	Wabtec Corp.		3,627,425
				33,574,695
		Commercial & Professional Services - 1.4%
	52,737	Clean Harbors, Inc.*		4,522,198
		Consumer Durables & Apparel - 2.4%
	65,575	Lennar Corp. Class A		3,658,429
	95,639	Steven Madden Ltd.		4,113,434
				7,771,863
		Consumer Services - 2.5%
	48,988	Norwegian Cruise Line Holdings Ltd.*		2,861,389
	82,684	Wyndham Hotels & Resorts, Inc.		5,193,382
				8,054,771
		Diversified Financials - 1.1%
	397,526	SLM Corp.		3,541,957
		Energy - 6.1%
	92,566	Delek U.S. Holdings, Inc.		3,103,738
	60,155	Diamondback Energy, Inc.		5,585,993
	622,239	Encana Corp.		2,918,301
	239,302	Noble Energy, Inc.		5,944,262
	83,108	Viper Energy Partners L.P.		2,049,443
				19,601,737
		Food & Staples Retailing - 1.4%
	105,422	US Foods Holding Corp.*		4,416,128
		Food, Beverage & Tobacco - 0.9%
	25,993	Post Holdings, Inc.*		2,835,836
		Health Care Equipment & Services - 7.4%
	70,787	Acadia Healthcare Co., Inc.*		2,351,544
	89,799	Centene Corp.*		5,645,663
	68,938	Encompass Health Corp.		4,775,335
	39,476	Hill-Rom Holdings, Inc.		4,481,710
	9,431	STERIS plc		1,437,473
	33,023	Zimmer Biomet Holdings, Inc.		4,942,883
				23,634,608
		Insurance - 9.5%
	52,439	Arthur J Gallagher & Co.		4,993,766
	38,231	Assurant, Inc.		5,011,319
	251,886	CNO Financial Group, Inc.		4,566,693
	32,403	Hanover Insurance Group, Inc.		4,428,518
	57,075	Kemper Corp.		4,423,313
	211,808	Lancashire Holdings Ltd.		2,157,774
	30,292	Reinsurance Group of America, Inc.		4,939,414
				30,520,797

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.7% - (continued)
		Materials - 8.9%
	95,084	Buzzi Unicem S.p.A.	$	2,396,772
	70,077	Cabot Corp.		3,330,059
	64,009	Carpenter Technology Corp.		3,186,368
	49,474	Celanese Corp.		6,091,239
	58,578	Crown Holdings, Inc.*		4,249,248
	58,600	FMC Corp.		5,849,452
	29,767	Reliance Steel & Aluminum Co.		3,564,896
				28,668,034
		Media & Entertainment - 2.9%
	103,772	Cinemark Holdings, Inc.		3,512,682
	31,227	Electronic Arts, Inc.*		3,357,215
	149,783	TEGNA, Inc.		2,499,878
				9,369,775
		Real Estate - 11.5%
	28,931	Boston Properties, Inc. REIT		3,988,428
	149,566	Brixmor Property Group, Inc. REIT		3,232,121
	137,800	Corporate Office Properties Trust REIT		4,048,564
	85,667	First Industrial Realty Trust, Inc. REIT		3,556,037
	111,239	Gaming and Leisure Properties, Inc. REIT		4,788,839
	101,388	Highwoods Properties, Inc. REIT		4,958,887
	36,875	Life Storage, Inc. REIT		3,992,825
	76,711	Park Hotels & Resorts, Inc. REIT		1,984,514
	177,354	Physicians Realty Trust REIT		3,359,085
	83,164	STORE Capital Corp. REIT		3,097,027
				37,006,327
		Retailing - 1.8%
	30,453	Dollar Tree, Inc.*		2,864,105
	27,860	Expedia Group, Inc.		3,012,780
				5,876,885
		Semiconductors & Semiconductor Equipment - 3.8%
	17,064	KLA Corp.		3,040,293
	13,129	Lam Research Corp.		3,838,919
	34,672	MKS Instruments, Inc.		3,814,267
	31,330	Silicon Motion Technology Corp. ADR		1,588,744
				12,282,223
		Software & Services - 3.4%
	57,089	Amdocs Ltd.		4,121,255
	41,813	Leidos Holdings, Inc.		4,093,074
	45,475	SS&C Technologies Holdings, Inc.		2,792,165
				11,006,494
		Technology Hardware & Equipment - 5.9%
	27,758	Arrow Electronics, Inc.*		2,352,213
	21,153	Coherent, Inc.*		3,518,802
	33,930	Itron, Inc.*		2,848,423
	69,449	Lumentum Holdings, Inc.*		5,507,306
	71,249	Western Digital Corp.		4,522,174
				18,748,918
		Telecommunication Services - 1.0%
	67,978	Millicom International Cellular S.A.(1)		3,264,568
		Transportation - 1.0%
	160,749	JetBlue Airways Corp.*		3,009,221
		Utilities - 5.8%
	92,582	Alliant Energy Corp.		5,066,087
	43,857	Evergy, Inc.		2,854,652
	35,485	Sempra Energy		5,375,268
	117,739	UGI Corp.		5,317,093
				18,613,100
		Total Common Stocks (cost $260,175,619)	$	316,612,311

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

105

Hartford MidCap Value HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
SHORT-TERM INVESTMENTS - 2.2%
		Other Investment Pools & Funds - 1.2%
	3,758,482	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 1.52%(2)	$	3,758,482
		Securities Lending Collateral - 1.0%
	170,096	Citibank NA DDCA, 1.54%, 1/2/2020(2)		170,096
	824,805	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 1.52%(2)		824,805
	760,109	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 1.75%(2)		760,109
	380,055	JPMorgan Prime Money Market Fund, 1.69%(2)		380,055
	1,013,479	Morgan Stanley Institutional Liquidity Funds, Prime Portfolio, Institutional Class, 1.72%(2)		1,013,479
	253,370	State Street Institutional Liquid Reserves Fund, 1.70%(2)		253,370
				3,401,914
		Total Short-Term Investments (cost $7,160,396)	$	7,160,396

Total Investments (cost $267,336,015)	100.9	%	$	323,772,707
Other Assets and Liabilities	(0.9	)%		(2,943,015	)
Total Net Assets	100.0	%	$	320,829,692

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

* Non-income producing.

⁽¹⁾  Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

⁽²⁾  Current yield as of period end.

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

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total		Level 1		Level 2		Level 3(1)
Assets
Common Stocks
Banks	$	30,292,176	$	30,292,176	$	—	$	—
Capital Goods		33,574,695		33,574,695		—		—
Commercial & Professional Services		4,522,198		4,522,198		—		—
Consumer Durables & Apparel		7,771,863		7,771,863		—		—
Consumer Services		8,054,771		8,054,771		—		—
Diversified Financials		3,541,957		3,541,957		—		—
Energy		19,601,737		19,601,737		—		—
Food & Staples Retailing		4,416,128		4,416,128		—		—
Food, Beverage & Tobacco		2,835,836		2,835,836		—		—
Health Care Equipment & Services		23,634,608		23,634,608		—		—
Insurance		30,520,797		28,363,023		2,157,774		—
Materials		28,668,034		26,271,262		2,396,772		—
Media & Entertainment		9,369,775		9,369,775		—		—
Real Estate		37,006,327		37,006,327		—		—
Retailing		5,876,885		5,876,885		—		—
Semiconductors & Semiconductor Equipment		12,282,223		12,282,223		—		—
Software & Services		11,006,494		11,006,494		—		—
Technology Hardware & Equipment		18,748,918		18,748,918		—		—
Telecommunication Services		3,264,568		—		3,264,568		—
Transportation		3,009,221		3,009,221		—		—
Utilities		18,613,100		18,613,100		—		—
Short-Term Investments		7,160,396		7,160,396		—		—
Total	$	323,772,707	$	315,953,593	$	7,819,114	$	—

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and out of Level 3.

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

106

Hartford Small Cap Growth HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.3%
		Automobiles & Components - 1.2%
	140,026	Thor Industries, Inc.	$	10,402,531
	66,132	Visteon Corp.*		5,726,370
				16,128,901
		Banks - 4.2%
	224,328	First Busey Corp.		6,169,020
	269,394	First Hawaiian, Inc.		7,772,017
	849,199	MGIC Investment Corp.		12,033,150
	235,637	Seacoast Banking Corp. of Florida*		7,203,423
	442,831	Sterling Bancorp		9,334,877
	200,125	Triumph Bancorp, Inc.*		7,608,753
	94,427	Western Alliance Bancorp		5,382,339
				55,503,579
		Capital Goods - 12.9%
	264,627	Aerojet Rocketdyne Holdings, Inc.*		12,082,869
	275,085	Altra Industrial Motion Corp.		9,960,828
	71,402	American Woodmark Corp.*		7,462,223
	195,309	Applied Industrial Technologies, Inc.		13,025,157
	68,994	Armstrong World Industries, Inc.		6,483,366
	116,940	Axon Enterprise, Inc.*		8,569,363
	133,290	AZZ, Inc.		6,124,675
	76,045	Curtiss-Wright Corp.		10,713,980
	138,094	EnerSys		10,333,574
	142,601	Generac Holdings, Inc.*		14,344,235
	178,712	ITT, Inc.		13,208,604
	137,552	John Bean Technologies Corp.		15,496,608
	103,300	Mercury Systems, Inc.*		7,139,063
	195,181	Patrick Industries, Inc.		10,233,340
	294,573	Rexnord Corp.*		9,608,971
	194,818	SPX Corp.*		9,912,340
	153,810	SPX FLOW, Inc.*		7,516,695
				172,215,891
		Commercial & Professional Services - 5.3%
	221,133	ASGN, Inc.*		15,693,809
	129,092	Clean Harbors, Inc.*		11,069,639
	182,081	Exponent, Inc.		12,565,410
	90,273	Huron Consulting Group, Inc.*		6,203,561
	112,451	Insperity, Inc.		9,675,284
	91,574	MSA Safety, Inc.		11,571,291
	50,623	Viad Corp.		3,417,052
				70,196,046
		Consumer Durables & Apparel - 6.2%
	651,050	American Outdoor Brands Corp.*		6,041,744
	82,873	Carter’s, Inc.		9,061,334
	146,317	Oxford Industries, Inc.		11,035,228
	385,563	Steven Madden Ltd.		16,583,065
	142,625	TopBuild Corp.*		14,701,785
	439,956	Wolverine World Wide, Inc.		14,844,115
	287,017	YETI Holdings, Inc.*		9,982,451
				82,249,722
		Consumer Services - 2.2%
	94,792	Dunkin’ Brands Group, Inc.		7,160,588
	89,765	Marriott Vacations Worldwide Corp.		11,558,141
	122,753	Wingstop, Inc.		10,584,991
				29,303,720
		Diversified Financials - 2.3%
	258,472	Blucora, Inc.*		6,756,458
	108,969	Evercore, Inc. Class A		8,146,523
	177,422	OneMain Holdings, Inc.		7,478,337
	973,009	SLM Corp.		8,669,510
				31,050,828

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.3% - (continued)
		Energy - 0.6%
	878,728	Kosmos Energy Ltd.	$	5,008,750
	133,450	PDC Energy, Inc.*		3,492,386
				8,501,136
		Food & Staples Retailing - 1.5%
	28,014	Casey’s General Stores, Inc.		4,453,946
	313,787	Performance Food Group Co.*		16,153,755
				20,607,701
		Food, Beverage & Tobacco - 2.1%
	224,588	B&G Foods, Inc.(1)		4,026,863
	159,560	Freshpet, Inc.*		9,428,400
	717,456	Hostess Brands, Inc.*		10,431,810
	41,226	Post Holdings, Inc.*		4,497,757
				28,384,830
		Health Care Equipment & Services - 12.1%
	68,162	Addus HomeCare Corp.*		6,626,710
	240,697	AtriCure, Inc.*		7,825,059
	167,526	Cardiovascular Systems, Inc.*		8,140,088
	245,064	Globus Medical, Inc. Class A*		14,429,368
	108,822	Haemonetics Corp.*		12,503,648
	365,056	HMS Holdings Corp.*		10,805,658
	15,642	ICU Medical, Inc.*		2,926,931
	130,616	Integer Holdings Corp.*		10,505,445
	164,130	Integra LifeSciences Holdings Corp.*		9,565,496
	70,766	iRhythm Technologies, Inc.*		4,818,457
	79,559	LHC Group, Inc.*		10,960,048
	75,294	NuVasive, Inc.*		5,823,238
	201,083	Omnicell, Inc.*		16,432,503
	372,262	OraSure Technologies, Inc.*		2,989,264
	72,851	Providence Service Corp.*		4,311,322
	814,162	R1 RCM, Inc.*		10,567,823
	139,189	Tandem Diabetes Care, Inc.*		8,297,056
	111,439	Teladoc Health, Inc.*(1)		9,329,673
	41,405	U.S. Physical Therapy, Inc.		4,734,662
				161,592,449
		Household & Personal Products - 0.4%
	258,873	BellRing Brands, Inc. Class A*		5,511,406
		Insurance - 1.4%
	243,148	James River Group Holdings Ltd.		10,020,129
	106,462	Kemper Corp.		8,250,805
				18,270,934
		Materials - 3.6%
	214,106	Boise Cascade Co.		7,821,292
	588,385	Graphic Packaging Holding Co.		9,796,610
	114,473	Ingevity Corp.*		10,002,651
	615,658	Livent Corp.*		5,263,876
	224,106	Louisiana-Pacific Corp.		6,649,225
	242,681	PolyOne Corp.		8,928,234
				48,461,888
		Media & Entertainment - 0.9%
	113,307	Cardlytics, Inc.*		7,122,478
	152,891	Cargurus, Inc.*		5,378,705
				12,501,183
		Pharmaceuticals, Biotechnology & Life Sciences - 16.9%
	227,314	Abeona Therapeutics, Inc.*(1)		743,317
	118,256	ACADIA Pharmaceuticals, Inc.*		5,058,992
	135,087	Acceleron Pharma, Inc.*		7,162,313
	145,720	Aerie Pharmaceuticals, Inc.*		3,522,052
	172,818	Aimmune Therapeutics, Inc.*		5,784,218
	67,841	Allakos, Inc.*(1)		6,469,318
	280,863	Apellis Pharmaceuticals, Inc.*		8,600,025

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

107

Hartford Small Cap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.3% - (continued)
		Pharmaceuticals, Biotechnology & Life Sciences - 16.9% - (continued)
	186,620	Arena Pharmaceuticals, Inc.*	$	8,476,280
	120,621	Biohaven Pharmaceutical Holding Co., Ltd.*		6,566,607
	133,662	Blueprint Medicines Corp.*		10,707,663
	113,343	Catalent, Inc.*		6,381,211
	110,394	Constellation Pharmaceuticals, Inc.*		5,200,661
	132,463	G1 Therapeutics, Inc.*		3,500,997
	109,015	Global Blood Therapeutics, Inc.*		8,665,602
	356,351	Heron Therapeutics, Inc.*		8,374,249
	72,576	Intercept Pharmaceuticals, Inc.*(1)		8,993,618
	183,319	Intersect ENT, Inc.*		4,564,643
	298,588	Iovance Biotherapeutics, Inc.*		8,264,916
	112,700	Karyopharm Therapeutics, Inc.*		2,160,459
	125,992	Kodiak Sciences, Inc.*		9,065,124
	45,147	Ligand Pharmaceuticals, Inc.*(1)		4,708,381
	42,005	Madrigal Pharmaceuticals, Inc.*		3,827,076
	54,498	Mirati Therapeutics, Inc.*		7,022,612
	149,805	MyoKardia, Inc.*		10,918,537
	195,545	NanoString Technologies, Inc.*		5,440,062
	158,430	Portola Pharmaceuticals, Inc.*		3,783,308
	156,611	Principia Biopharma, Inc.*		8,579,151
	183,345	Radius Health, Inc.*		3,696,235
	35,985	Reata Pharmaceuticals, Inc. Class A*		7,356,414
	97,714	REGENXBIO, Inc.*		4,003,343
	52,562	Repligen Corp.*		4,861,985
	267,912	Revance Therapeutics, Inc.*		4,348,212
	228,667	Rhythm Pharmaceuticals, Inc.*		5,250,194
	293,872	Spectrum Pharmaceuticals, Inc.*		1,069,694
	142,704	Syneos Health, Inc.*		8,487,320
	129,332	Theravance Biopharma, Inc.*		3,348,405
	150,256	Ultragenyx Pharmaceutical, Inc.*		6,417,434
	139,375	Y-mAbs Therapeutics, Inc.*		4,355,469
				225,736,097
		Real Estate - 2.9%
	298,772	Columbia Property Trust, Inc. REIT		6,247,323
	61,454	Coresite Realty Corp. REIT		6,890,222
	227,697	Corporate Office Properties Trust REIT		6,689,738
	153,758	Independence Realty Trust, Inc. REIT		2,164,913
	241,305	Pebblebrook Hotel Trust REIT		6,469,387
	62,237	PS Business Parks, Inc. REIT		10,261,014
				38,722,597
		Retailing - 3.9%
	567,606	American Eagle Outfitters, Inc.		8,343,808
	446,784	Caleres, Inc.		10,611,120
	130,217	Core-Mark Holding Co., Inc.		3,540,600
	179,777	Floor & Decor Holdings, Inc. Class A*		9,134,469
	186,693	Foot Locker, Inc.		7,279,160
	165,604	Nordstrom, Inc.		6,778,172
	221,133	Urban Outfitters, Inc.*		6,140,864
				51,828,193
		Semiconductors & Semiconductor Equipment - 3.0%
	398,583	Cohu, Inc.		9,107,622
	236,342	Entegris, Inc.		11,838,371
	514,699	FormFactor, Inc.*		13,366,733
	140,156	Onto Innovation, Inc.*		5,121,300
				39,434,026
		Software & Services - 10.7%
	297,052	8x8, Inc.*		5,436,052
	153,196	Blackbaud, Inc.		12,194,402
	42,363	CACI International, Inc. Class A*		10,590,326
	119,240	Everbridge, Inc.*		9,310,259
	261,816	Five9, Inc.*		17,169,893
	181,715	ForeScout Technologies, Inc.*		5,960,252
	92,408	Instructure, Inc.*		4,454,990
	136,923	LiveRamp Holdings, Inc.*		6,581,889

Shares or Principal Amount			Market Value†
COMMON STOCKS - 98.3% - (continued)
		Software & Services - 10.7% - (continued)
	82,458	Paylocity Holding Corp.*	$	9,962,575
	102,655	Pegasystems, Inc.		8,176,471
	127,312	PROS Holdings, Inc.*		7,628,535
	90,546	Q2 Holdings, Inc.*		7,341,470
	146,070	Rapid7, Inc.*		8,182,841
	214,202	SailPoint Technologies Holding, Inc.*		5,055,167
	201,157	Science Applications International Corp.		17,504,682
	430,812	SVMK, Inc.*		7,698,610
				143,248,414
		Technology Hardware & Equipment - 3.3%
	251,294	CTS Corp.		7,541,333
	162,803	Itron, Inc.*		13,667,312
	145,235	Lumentum Holdings, Inc.*		11,517,136
	320,692	Pure Storage, Inc. Class A*		5,487,040
	51,303	Rogers Corp.*		6,399,023
				44,611,844
		Telecommunication Services - 0.3%
	16,132	Bandwidth, Inc. Class A*		1,033,255
	605,081	ORBCOMM, Inc.*		2,547,391
				3,580,646
		Transportation - 0.4%
	246,116	Marten Transport Ltd.		5,289,033
		Total Common Stocks (cost $1,052,940,242)	$	1,312,931,064
SHORT-TERM INVESTMENTS - 1.3%
		Other Investment Pools & Funds - 0.4%
	4,552,239	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 1.52%(2)	$	4,552,239
		Securities Lending Collateral - 0.9%
	616,115	Citibank NA DDCA, 1.54%, 1/2/2020(2)		616,115
	2,987,584	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 1.52%(2)		2,987,584
	2,753,244	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 1.75%(2)		2,753,244
	1,376,622	JPMorgan Prime Money Market Fund, 1.69%(2)		1,376,622
	3,670,992	Morgan Stanley Institutional Liquidity Funds, Prime Portfolio, Institutional Class, 1.72%(2)		3,670,992
	917,748	State Street Institutional Liquid Reserves Fund, 1.70%(2)		917,748
				12,322,305
		Total Short-Term Investments (cost $16,874,544)	$	16,874,544

Total Investments (cost $1,069,814,786)	99.6	%	$	1,329,805,608
Other Assets and Liabilities	0.4	%		5,314,304
Total Net Assets	100.0	%	$	1,335,119,912

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

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

108

Hartford Small Cap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2019

* Non-income producing.

⁽¹⁾  Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

⁽²⁾  Current yield as of period end.

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

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total		Level 1		Level 2		Level 3(1)
Assets
Common Stocks
Automobiles & Components	$	16,128,901	$	16,128,901	$	—	$	—
Banks		55,503,579		55,503,579		—		—
Capital Goods		172,215,891		172,215,891		—		—
Commercial & Professional Services		70,196,046		70,196,046		—		—
Consumer Durables & Apparel		82,249,722		82,249,722		—		—
Consumer Services		29,303,720		29,303,720		—		—
Diversified Financials		31,050,828		31,050,828		—		—
Energy		8,501,136		8,501,136		—		—
Food & Staples Retailing		20,607,701		20,607,701		—		—
Food, Beverage & Tobacco		28,384,830		28,384,830		—		—
Health Care Equipment & Services		161,592,449		161,592,449		—		—
Household & Personal Products		5,511,406		5,511,406		—		—
Insurance		18,270,934		18,270,934		—		—
Materials		48,461,888		48,461,888		—		—
Media & Entertainment		12,501,183		12,501,183		—		—
Pharmaceuticals, Biotechnology & Life Sciences		225,736,097		225,736,097		—		—
Real Estate		38,722,597		38,722,597		—		—
Retailing		51,828,193		51,828,193		—		—
Semiconductors & Semiconductor Equipment		39,434,026		39,434,026		—		—
Software & Services		143,248,414		143,248,414		—		—
Technology Hardware & Equipment		44,611,844		44,611,844		—		—
Telecommunication Services		3,580,646		3,580,646		—		—
Transportation		5,289,033		5,289,033		—		—
Short-Term Investments		16,874,544		16,874,544		—		—
Total	$	1,329,805,608	$	1,329,805,608	$	—	$	—

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and out of Level 3.

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

109

Hartford Small Company HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.7%
		Banks - 4.7%
	108,150	Ameris Bancorp	$	4,600,701
	136,401	Atlantic Union Bankshares Corp.		5,121,858
	209,061	BancorpSouth Bank		6,566,606
	333,125	MGIC Investment Corp.		4,720,381
	407,419	Sterling Bancorp		8,588,392
				29,597,938
		Capital Goods - 12.0%
	222,796	Advanced Drainage Systems, Inc.		8,653,397
	106,620	Aerojet Rocketdyne Holdings, Inc.*		4,868,269
	37,538	Applied Industrial Technologies, Inc.		2,503,409
	138,432	Argan, Inc.		5,556,661
	57,075	Axon Enterprise, Inc.*		4,182,456
	89,954	Chart Industries, Inc.*		6,070,995
	57,874	Curtiss-Wright Corp.		8,153,868
	84,605	EnerSys		6,330,992
	160,597	ITT, Inc.		11,869,724
	380,229	Rexnord Corp.*		12,403,070
	89,055	Rush Enterprises, Inc. Class A		4,141,058
				74,733,899
		Commercial & Professional Services - 3.7%
	78,451	Brink’s Co.		7,113,937
	102,515	McGrath Rent Corp.		7,846,498
	141,924	TriNet Group, Inc.*		8,034,317
				22,994,752
		Consumer Durables & Apparel - 9.0%
	165,128	Acushnet Holdings Corp.		5,366,660
	213,116	BRP, Inc.		9,709,247
	81,834	Carter’s, Inc.		8,947,730
	34,189	Cavco Industries, Inc.*		6,679,847
	149,880	Peloton Interactive, Inc. Class A*		4,256,592
	309,022	Skyline Champion Corp.*		9,795,997
	267,365	Under Armour, Inc. Class C*		5,128,061
	181,748	YETI Holdings, Inc.*		6,321,195
				56,205,329
		Consumer Services - 7.0%
	155,980	Cheesecake Factory, Inc.(1)		6,061,383
	197,625	Chegg, Inc.*		7,491,964
	909,759	DraftKings, Inc.*(2)(3)(4)		3,113,195
	35,478	Grand Canyon Education, Inc.*		3,398,438
	99,493	Marriott Vacations Worldwide Corp.		12,810,719
	144,764	Planet Fitness, Inc. Class A*		10,810,975
				43,686,674
		Diversified Financials - 1.4%
	122,606	Ares Management Corp. Class A		4,375,808
	125,835	PRA Group, Inc.*		4,567,811
				8,943,619
		Energy - 0.5%
	138,732	Viper Energy Partners L.P.		3,421,131
		Food & Staples Retailing - 1.3%
	163,013	Performance Food Group Co.*		8,391,909
		Food, Beverage & Tobacco - 0.7%
	191,283	Nomad Foods Ltd.*		4,279,001
		Health Care Equipment & Services - 12.4%
	55,793	Amedisys, Inc.*		9,312,968
	117,836	Globus Medical, Inc. Class A*		6,938,184
	81,498	Haemonetics Corp.*		9,364,120
	77,880	Hill-Rom Holdings, Inc.		8,841,716
	184,858	HMS Holdings Corp.*		5,471,797
	57,735	Insulet Corp.*		9,884,232
	30,501	Novocure Ltd.*		2,570,319
	166,000	Omnicell, Inc.*		13,565,520

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.7% - (continued)
		Health Care Equipment & Services - 12.4% - (continued)
	154,437	Tandem Diabetes Care, Inc.*	$	9,205,990
	26,031	Teladoc Health, Inc.*		2,179,315
				77,334,161
		Insurance - 0.8%
	115,765	James River Group Holdings Ltd.		4,770,676
		Materials - 3.2%
	150,808	Carpenter Technology Corp.		7,507,222
	89,292	Ingevity Corp.*		7,802,335
	152,888	Louisiana-Pacific Corp.		4,536,187
				19,845,744
		Media & Entertainment - 0.7%
	70,211	Cardlytics, Inc.*		4,413,463
		Pharmaceuticals, Biotechnology & Life Sciences - 17.0%
	69,830	ACADIA Pharmaceuticals, Inc.*		2,987,327
	63,382	Acceleron Pharma, Inc.*		3,360,514
	103,345	Aerie Pharmaceuticals, Inc.*		2,497,849
	408,085	Amicus Therapeutics, Inc.*		3,974,748
	114,315	Apellis Pharmaceuticals, Inc.*		3,500,325
	110,444	Arena Pharmaceuticals, Inc.*		5,016,366
	24,876	Ascendis Pharma AS ADR*		3,460,749
	66,353	Blueprint Medicines Corp.*		5,315,539
	69,110	Forty Seven, Inc.*		2,720,861
	100,335	G1 Therapeutics, Inc.*		2,651,854
	37,181	Galapagos N.V. ADR*(1)		7,690,146
	43,829	Global Blood Therapeutics, Inc.*		3,483,967
	152,515	Heron Therapeutics, Inc.*		3,584,102
	241,180	Iovance Biotherapeutics, Inc.*		6,675,862
	178,654	Karyopharm Therapeutics, Inc.*		3,424,797
	33,842	Kodiak Sciences, Inc.*		2,434,932
	90,524	MyoKardia, Inc.*		6,597,842
	216,206	Orchard Therapeutics plc*		2,972,833
	66,564	PRA Health Sciences, Inc.*		7,398,589
	82,967	Principia Biopharma, Inc.*		4,544,932
	65,293	PTC Therapeutics, Inc.*		3,136,023
	18,899	Reata Pharmaceuticals, Inc. Class A*		3,863,523
	204,564	Revance Therapeutics, Inc.*		3,320,074
	132,252	Rhythm Pharmaceuticals, Inc.*		3,036,506
	36,665	Sage Therapeutics, Inc.*		2,646,846
	220,082	Sangamo Therapeutics, Inc.*		1,842,086
	129,248	Y-mAbs Therapeutics, Inc.*		4,039,000
				106,178,192
		Real Estate - 2.5%
	166,167	Hannon Armstrong Sustainable Infrastructure Capital, Inc. REIT		5,347,254
	93,147	NexPoint Residential Trust, Inc. REIT		4,191,615
	277,012	Xenia Hotels & Resorts, Inc. REIT		5,986,229
				15,525,098
		Retailing - 3.4%
	5,016,400	Allstar Co.*(2)(3)(4)		2,006,560
	50,257	Five Below, Inc.*		6,425,860
	136,215	Floor & Decor Holdings, Inc. Class A*		6,921,084
	48,785	Ollie’s Bargain Outlet Holdings, Inc.*		3,186,148
	43,094	Tory Burch LLC*(2)(3)(4)		2,796,803
				21,336,455
		Semiconductors & Semiconductor Equipment - 2.9%
	116,397	Entegris, Inc.		5,830,326
	499,441	Tower Semiconductor Ltd.*		12,016,550
				17,846,876
		Software & Services - 10.5%
	92,001	Endava plc ADR*		4,287,247
	16,745	EPAM Systems, Inc.*		3,552,619

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

110

Hartford Small Company HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 97.7% - (continued)
		Software & Services - 10.5% - (continued)
	10,080	Fair Isaac Corp.*	$	3,776,774
	91,811	Five9, Inc.*		6,020,965
	57,997	Guidewire Software, Inc.*		6,366,331
	31,993	HubSpot, Inc.*		5,070,891
	149,774	LiveRamp Holdings, Inc.*		7,199,636
	234,080	Mimecast Ltd.*		10,154,390
	69,843	PROS Holdings, Inc.*		4,184,993
	142,795	Rapid7, Inc.*		7,999,376
	80,054	Science Applications International Corp.		6,966,299
				65,579,521
		Technology Hardware & Equipment - 2.7%
	55,817	Lumentum Holdings, Inc.*		4,426,288
	51,408	Novanta, Inc.*		4,546,524
	30,519	Zebra Technologies Corp. Class A*		7,795,773
				16,768,585
		Telecommunication Services - 0.6%
	55,590	Bandwidth, Inc. Class A*		3,560,540
		Transportation - 0.7%
	46,063	Saia, Inc.*		4,289,387
		Total Common Stocks (cost $500,797,895)	$	609,702,950
CONVERTIBLE PREFERRED STOCKS - 1.1%
		Retailing - 0.5%
	74,004	Honest Co., Inc. Series E*(2)(3)(4)	$	2,884,676
		Software & Services - 0.6%
	410,300	MarkLogic Corp. Series F*(2)(3)(4)	$	3,926,571
		Total Convertible Preferred Stocks (cost $8,151,359)	$	6,811,247
ESCROWS - 0.0%(5)
		Software & Services - 0.0%
	157,023	Veracode, Inc.*(2)(3)(4)	$	85,420
		Total Escrows (cost $— )	$	85,420
		Total Long-Term Investments (cost $508,949,254)	$	616,599,617
SHORT-TERM INVESTMENTS - 2.8%
		Other Investment Pools & Funds - 1.4%
	9,017,284	BlackRock Liquidity Funds, FedFund Portfolio, Institutional Class,1.58%(6)	$	9,017,284
		Securities Lending Collateral - 1.4%
	430,451	Citibank NA DDCA, 1.54%, 1/2/2020(6)		430,451
	2,087,286	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 1.52%(6)		2,087,286
	1,923,564	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 1.75%(6)		1,923,564
	961,782	JPMorgan Prime Money Market Fund, 1.69%(6)		961,782
	2,564,751	Morgan Stanley Institutional Liquidity Funds, Prime Portfolio, Institutional Class, 1.72%(6)		2,564,751

Shares or Principal Amount			Market Value†
SHORT-TERM INVESTMENTS - 2.8% - (continued)
		Securities Lending Collateral - 1.4% - (continued)
	641,188	State Street Institutional Liquid Reserves Fund, 1.70%(6)	$	641,188
				8,609,022
		Total Short-Term Investments (cost $17,626,306)	$	17,626,306

Total Investments (cost $526,575,560)	101.6	%	$	634,225,923
Other Assets and Liabilities	(1.6	)%		(9,892,769	)
Total Net Assets	100.0	%	$	624,333,154

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

* Non-income producing.

⁽¹⁾  Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

⁽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, 2019, the aggregate fair value of these securities was $14,813,225, which represented 2.4% 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⁾  Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $14,813,225 or 2.4% of net assets.

Period Acquired		Security Name	Shares/ Par Value		Base Total Cost		Base Market Value
	08/2011	Allstar Co.		5,016,400	$	2,182,229	$	2,006,560
	07/2015	DraftKings, Inc.		909,759		3,430,143		3,113,195
	08/2015	Honest Co., Inc. Series E Convertible Preferred		74,004		3,386,053		2,884,676
	04/2015	MarkLogic Corp. Series F Convertible Preferred		410,300		4,765,306		3,926,571
	11/2013	Tory Burch LLC		43,094		3,377,559		2,796,803
	04/2017	Veracode, Inc.		157,023		—		85,420
					$	17,141,290	$	14,813,225

⁽⁵⁾  Share amount represents shares of the issuer previously held that resulted in receipt of the escrow.

⁽⁶⁾  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.

111

Hartford Small Company HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total		Level 1		Level 2		Level 3(1)
Assets
Common Stocks
Banks	$	29,597,938	$	29,597,938	$	—	$	—
Capital Goods		74,733,899		74,733,899		—		—
Commercial & Professional Services		22,994,752		22,994,752		—		—
Consumer Durables & Apparel		56,205,329		56,205,329		—		—
Consumer Services		43,686,674		40,573,479		—		3,113,195
Diversified Financials		8,943,619		8,943,619		—		—
Energy		3,421,131		3,421,131		—		—
Food & Staples Retailing		8,391,909		8,391,909		—		—
Food, Beverage & Tobacco		4,279,001		4,279,001		—		—
Health Care Equipment & Services		77,334,161		77,334,161		—		—
Insurance		4,770,676		4,770,676		—		—
Materials		19,845,744		19,845,744		—		—
Media & Entertainment		4,413,463		4,413,463		—		—
Pharmaceuticals, Biotechnology & Life Sciences		106,178,192		106,178,192		—		—
Real Estate		15,525,098		15,525,098		—		—
Retailing		21,336,455		16,533,092		—		4,803,363
Semiconductors & Semiconductor Equipment		17,846,876		17,846,876		—		—
Software & Services		65,579,521		65,579,521		—		—
Technology Hardware & Equipment		16,768,585		16,768,585		—		—
Telecommunication Services		3,560,540		3,560,540		—		—
Transportation		4,289,387		4,289,387		—		—
Convertible Preferred Stocks		6,811,247		—		—		6,811,247
Escrows		85,420		—		—		85,420
Short-Term Investments		17,626,306		17,626,306		—		—
Total	$	634,225,923	$	619,412,698	$	—	$	14,813,225

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and out of Level 3.

The following is a roll-forward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2019:

	Common Stocks		Convertable Preferred Stocks			Escrows			Total
Beginning balance	$	5,772,836	$	6,821,907		$	178,845		$	12,773,588
Purchases		—		—			—			—
Sales		—		—			(103,805	)		(103,805	)
Accrued discounts/(premiums)		—		—			—			—
Total realized gain/(loss)		—		—			103,805			103,805
Net change in unrealized appreciation/depreciation		2,143,722		(10,660	)		(93,425	)		2,039,637
Transfers into Level 3		—		—			—			—
Transfers out of Level 3		—		—			—			—
Ending balance	$	7,916,558	$	6,811,247		$	85,420		$	14,813,225

The change in net unrealized appreciation/(depreciation) relating to the Level 3 investments held at December 31, 2019 was $2,133,062.

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

112

Hartford Stock HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.4%
		Banks - 2.5%
	232,544	PNC Financial Services Group, Inc.	$	37,120,999
		Capital Goods - 13.0%
	108,733	3M Co.		19,182,676
	132,233	Deere & Co.		22,910,690
	214,945	General Dynamics Corp.		37,905,551
	174,353	Honeywell International, Inc.		30,860,481
	74,790	Lockheed Martin Corp.		29,121,730
	69,120	Northrop Grumman Corp.		23,775,206
	213,462	United Technologies Corp.		31,968,069
				195,724,403
		Consumer Durables & Apparel - 4.5%
	470,114	NIKE, Inc. Class B		47,627,249
	209,411	VF Corp.		20,869,900
				68,497,149
		Consumer Services - 3.6%
	275,153	McDonald’s Corp.		54,372,984
		Diversified Financials - 4.5%
	311,970	American Express Co.		38,837,145
	57,594	BlackRock, Inc.		28,952,504
				67,789,649
		Energy - 1.4%
	304,559	Exxon Mobil Corp.		21,252,127
		Food & Staples Retailing - 1.7%
	89,003	Costco Wholesale Corp.		26,159,762
		Food, Beverage & Tobacco - 8.4%
	1,011,028	Coca-Cola Co.		55,960,400
	820,813	Diageo plc		34,586,314
	271,407	PepsiCo., Inc.		37,093,195
				127,639,909
		Health Care Equipment & Services - 12.0%
	418,246	Baxter International, Inc.		34,973,730
	224,797	Danaher Corp.		34,501,844
	495,259	Medtronic plc		56,187,134
	188,293	UnitedHealth Group, Inc.		55,354,376
				181,017,084
		Household & Personal Products - 5.1%
	567,186	Colgate-Palmolive Co.		39,045,084
	299,640	Procter & Gamble Co.		37,425,036
				76,470,120
		Insurance - 5.5%
	278,183	Chubb Ltd.		43,301,966
	359,739	Marsh & McLennan Cos., Inc.		40,078,522
				83,380,488
		Materials - 4.0%
	149,108	Ecolab, Inc.		28,776,353
	150,914	Linde plc		32,129,590
				60,905,943
		Pharmaceuticals, Biotechnology & Life Sciences - 7.6%
	92,535	Amgen, Inc.		22,307,413
	362,177	Johnson & Johnson		52,830,759
	430,135	Merck & Co., Inc.		39,120,778
				114,258,950
		Real Estate - 4.0%
	130,063	American Tower Corp. REIT		29,891,079
	146,022	Public Storage REIT		31,096,845
				60,987,924

Shares or Principal Amount			Market Value†
COMMON STOCKS - 99.4% - (continued)
		Retailing - 5.3%
	9,440,100	Allstar Co.*(1)(2)(3)	$	3,776,040
	127,892	Home Depot, Inc.		27,929,055
	786,154	TJX Cos., Inc.		48,002,563
				79,707,658
		Software & Services - 9.3%
	169,901	Accenture plc Class A		35,776,054
	137,041	Automatic Data Processing, Inc.		23,365,490
	288,560	Microsoft Corp.		45,505,912
	187,723	Visa, Inc. Class A		35,273,152
				139,920,608
		Transportation - 7.0%
	366,417	Canadian National Railway Co.		33,146,975
	241,645	Union Pacific Corp.		43,687,000
	243,006	United Parcel Service, Inc. Class B		28,446,282
				105,280,257
		Total Common Stocks (cost $1,005,070,713)	$	1,500,486,014
SHORT-TERM INVESTMENTS - 1.1%
		Other Investment Pools & Funds - 1.1%
	16,116,158	Fidelity Institutional Government Fund, Institutional Class, 1.49%(4)	$	16,116,158
		Total Short-Term Investments (cost $16,116,158)	$	16,116,158

Total Investments (cost $1,021,186,871)	100.5	%	$	1,516,602,172
Other Assets and Liabilities	(0.5	)%		(7,008,037	)
Total Net Assets	100.0	%	$	1,509,594,135

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

* Non-income producing.

⁽¹⁾  Investment valued using significant unobservable inputs.

⁽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, 2019, the aggregate fair value of this security was $3,776,040, which represented 0.3% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

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

113

Hartford Stock HLS Fund

Schedule of Investments – (continued)

December 31, 2019

⁽³⁾  Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $3,776,040 or 0.3% of net assets.

Period Acquired		Security Name	Shares/ Par Value		Base Total Cost		Base Market Value
	08/2011	Allstar Co.		9,440,100	$	4,106,619	$	3,776,040

⁽⁴⁾  Current yield as of period end.

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

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total		Level 1		Level 2		Level 3(1)
Assets
Common Stocks
Banks	$	37,120,999	$	37,120,999	$	—	$	—
Capital Goods		195,724,403		195,724,403		—		—
Consumer Durables & Apparel		68,497,149		68,497,149		—		—
Consumer Services		54,372,984		54,372,984		—		—
Diversified Financials		67,789,649		67,789,649		—		—
Energy		21,252,127		21,252,127		—		—
Food & Staples Retailing		26,159,762		26,159,762		—		—
Food, Beverage & Tobacco		127,639,909		93,053,595		34,586,314		—
Health Care Equipment & Services		181,017,084		181,017,084		—		—
Household & Personal Products		76,470,120		76,470,120		—		—
Insurance		83,380,488		83,380,488		—		—
Materials		60,905,943		60,905,943		—		—
Pharmaceuticals, Biotechnology & Life Sciences		114,258,950		114,258,950		—		—
Real Estate		60,987,924		60,987,924		—		—
Retailing		79,707,658		75,931,618		—		3,776,040
Software & Services		139,920,608		139,920,608		—		—
Transportation		105,280,257		105,280,257		—		—
Short-Term Investments		16,116,158		16,116,158		—		—
Total	$	1,516,602,172	$	1,478,239,818	$	34,586,314	$	3,776,040

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and out of Level 3.

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, 2019 is not presented.

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

114

Hartford Total Return Bond HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 26.5%
		Asset-Backed - Automobile - 0.9%
$	2,375,000	AmeriCredit Automobile Receivables Trust 2.58%, 09/18/2025	$	2,351,558
	235,138	CIG Automobile Receivables Trust 2.71%, 05/15/2023(1)		235,397
	2,099,642	Credit Acceptance Auto Loan Trust 2.65%, 06/15/2026(1)		2,103,943
	2,045,000	Drive Auto Receivables Trust 2.70%, 02/16/2027		2,030,442
	4,595,000	Exeter Automobile Receivables Trust 2.58%, 09/15/2025(1)		4,552,116
		Westlake Automobile Receivables Trust
	3,365,000	2.72%, 11/15/2024(1)		3,359,822
	4,810,000	3.28%, 12/15/2022(1)		4,852,281
				19,485,559
		Asset-Backed - Finance & Insurance - 6.3%
	4,805,951	Avery Point CLO Ltd. 3.04%, 04/25/2026, 3 mo. USD LIBOR + 1.100%(1)(2)		4,803,750
	975,519	Babson CLO Ltd. 3.12%, 07/20/2025, 3 mo. USD LIBOR + 1.150%(1)(2)		975,075
	5,130,655	Bayview Koitere Fund Trust 3.50%, 07/28/2057(1)(3)		5,218,571
		Bayview Opportunity Master Fund Trust
	2,272,766	3.50%, 01/28/2055(1)(3)		2,298,210
	2,674,426	3.50%, 06/28/2057(1)(3)		2,716,373
	3,487,192	3.50%, 01/28/2058(1)(3)		3,516,940
	2,055,347	4.00%, 11/28/2053(1)(3)		2,104,081
	4,146,643	4.00%, 10/28/2064(1)(3)		4,243,125
	1,445,337	Bellemeade Re Ltd. 2.89%, 07/25/2029, 1 mo. USD LIBOR + 1.100%(1)(2)		1,446,576
	579,417	Cal Funding Ltd. 3.47%, 10/25/2027(1)		580,211
	7,079,164	Carlyle Global Market Strategies CLO Ltd. 2.72%, 04/27/2027, 3 mo. USD LIBOR + 0.780%(1)(2)		7,062,174
	258,509	CIFC Funding Ltd. 2.85%, 07/16/2030, 3 mo. USD LIBOR + 0.850%(1)(2)		258,527
	4,175,000	Cirrus Funding Ltd. 4.80%, 01/25/2037(1)		4,370,628
	3,234,063	Domino’s Pizza Master Issuer LLC 4.12%, 07/25/2048(1)		3,325,975
	2,008,609	Eagle RE Ltd. 3.49%, 11/25/2028, 1 mo. USD LIBOR + 1.700%(1)(2)		2,011,400
	1,178,335	Fieldstone Mortgage Investment Trust 2.06%, 05/25/2036, 1 mo. USD LIBOR + 0.270%(2)		899,264
	3,267,261	First Franklin Mortgage Loan Trust 2.03%, 04/25/2036, 1 mo. USD LIBOR + 0.240%(2)		3,050,331
	3,291,374	GSAMP Trust 1.88%, 01/25/2037, 1 mo. USD LIBOR + 0.090%(2)		2,185,960
	4,275,061	Madison Park Funding Ltd. 3.23%, 07/20/2026, 3 mo. USD LIBOR + 1.260%(1)(2)		4,277,237
	4,034,185	MFA Trust 3.35%, 11/25/2047(1)(4)		4,033,785
		NRZ Excess Spread-Collateralized Notes
	3,481,107	3.19%, 01/25/2023(1)		3,491,928
	2,179,423	3.27%, 02/25/2023(1)		2,181,159
	4,919,789	OCP CLO Ltd. 2.85%, 04/17/2027, 3 mo. USD LIBOR + 0.850%(1)(2)		4,917,295
	6,340,434	OneMain Financial Issuance Trust 2.37%, 09/14/2032(1)		6,339,428
	2,931,288	Pretium Mortgage Credit Partners LLC 3.72%, 01/25/2059(1)(4)		2,921,802
	1,475,765	Radnor RE Ltd. 3.04%, 02/25/2029, 1 mo. USD LIBOR + 1.250%(1)(2)		1,475,242
	1,115,723	Seasoned Credit Risk Transfer Trust 3.50%, 08/25/2058		1,170,435

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 26.5% - (continued)
		Asset-Backed - Finance & Insurance - 6.3% - (continued)
$	429,378	Securitized Asset Backed Receivables LLC Trust 1.88%, 07/25/2036, 1 mo. USD LIBOR + 0.090%(2)	$	218,353
		SoFi Consumer Loan Program LLC
	691,923	2.50%, 05/26/2026(1)		693,050
	350,158	2.77%, 05/25/2026(1)		351,383
	555,256	3.05%, 12/26/2025(1)		556,189
	442,113	3.09%, 10/27/2025(1)		443,174
	518,688	3.28%, 01/26/2026(1)		520,281
		Springleaf Funding Trust
	8,130,000	2.68%, 07/15/2030(1)		8,134,743
	1,049,245	2.90%, 11/15/2029(1)		1,049,632
	8,660,000	Symphony CLO Ltd. 2.95%, 07/14/2026, 3 mo. USD LIBOR + 0.950%(1)(2)		8,660,303
		Towd Point Mortgage Trust
	589,206	2.75%, 02/25/2055(1)(3)		589,481
	6,454,274	2.75%, 10/25/2056(1)(3)		6,498,314
	1,649,133	2.75%, 04/25/2057(1)(3)		1,659,982
	4,663,958	2.75%, 06/25/2057(1)(3)		4,691,444
	3,103,505	2.75%, 07/25/2057(1)(3)		3,115,824
	7,550,000	Voya CLO Ltd. 2.90%, 01/18/2029, 3 mo. USD LIBOR + 0.900%(1)(2)		7,515,987
	2,038,400	Wendy’s Funding LLC 3.88%, 03/15/2048(1)		2,072,808
	1,796,425	Wingstop Funding LLC 4.97%, 12/05/2048(1)		1,849,132
				130,495,562
		Asset-Backed - Home Equity - 1.4%
	5,450,000	CPT Mortgage Trust 2.87%, 11/13/2039(1)		5,474,379
		GSAA Home Equity Trust
	5,529,396	1.87%, 02/25/2037, 1 mo. USD LIBOR + 0.080%(2)		2,579,705
	3,219,441	1.89%, 03/25/2037, 1 mo. USD LIBOR + 0.100%(2)		1,452,367
	2,412,204	1.97%, 11/25/2036, 1 mo. USD LIBOR + 0.180%(2)		1,047,283
	103,236	2.03%, 11/25/2036, 1 mo. USD LIBOR + 0.240%(2)		55,087
	605,067	5.99%, 06/25/2036(3)		263,848
		Legacy Mortgage Asset Trust
	3,646,716	3.00%, 06/25/2059(1)(4)		3,641,266
	4,484,885	3.25%, 11/25/2059(1)(4)		4,488,199
	7,006,794	4.00%, 03/25/2058(1)(4)		7,074,355
	86,178	Morgan Stanley Asset-Backed Securities Capital, Inc. Trust 1.94%, 06/25/2036, 1 mo. USD LIBOR + 0.150%(2)		73,846
	1,394,024	Morgan Stanley Mortgage Loan Trust 1.96%, 11/25/2036, 1 mo. USD LIBOR + 0.170%(2)		603,934
		Soundview Home Loan Trust
	2,631,020	1.97%, 07/25/2037, 1 mo. USD LIBOR + 0.180%(2)		2,386,181
	435,000	2.04%, 11/25/2036, 1 mo. USD LIBOR + 0.250%(2)		408,546
			29,548,996
		Collateralized - Mortgage Obligations - 0.0%
	62,876	Consumer Loan Underlying Bond Credit Trust 2.61%, 01/15/2024(1)		62,880
		Commercial Mortgage - Backed Securities - 5.9%
		Banc of America Commercial Mortgage Trust
	39,769,236	0.74%, 11/15/2050(3)(5)		1,943,256
	4,680,902	0.81%, 11/15/2054(3)(5)		241,685
		BBCMS Mortgage Trust
	28,651,883	1.50%, 02/15/2050(3)(5)		2,352,119
	8,553,000	2.59%, 08/15/2036, 1 mo. USD LIBOR + 0.850%(1)(2)		8,520,782

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

115

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 26.5% - (continued)
		Commercial Mortgage - Backed Securities - 5.9% - (continued)
		Benchmark Mortgage Trust
$	11,962,863	0.52%, 01/15/2051(3)(5)	$	403,714
	20,246,245	0.54%, 07/15/2051(3)(5)		692,023
	8,981,776	1.07%, 08/15/2052(3)(5)		663,567
	5,305,000	BX Commercial Mortgage Trust 2.66%, 10/15/2036, 1 mo. USD LIBOR + 0.920%(1)(2)		5,309,252
	2,920,000	CAMB Commercial Mortgage Trust 4.29%, 12/15/2037, 1 mo. USD LIBOR + 2.550%(1)(2)		2,933,721
	3,855,000	CD Commercial Mortgage Trust 2.46%, 08/10/2049		3,850,022
		Citigroup Commercial Mortgage Trust
	20,622,034	0.95%, 07/10/2047(3)(5)		795,120
	25,887,241	1.09%, 04/10/2048(3)(5)		1,032,062
		Commercial Mortgage Trust
	7,294,856	0.62%, 02/10/2047(3)(5)		157,621
	3,992,476	0.67%, 08/10/2046(3)(5)		86,297
	5,999,685	1.90%, 07/10/2046(1)(3)(5)		23,908
	1,035,000	2.54%, 12/10/2045		1,044,322
	4,475,000	2.64%, 10/15/2036, 1 mo. USD LIBOR + 0.900%(1)(2)		4,474,994
	948,544	2.82%, 10/15/2045		959,801
	1,659,863	2.85%, 10/15/2045		1,680,361
	1,145,000	3.10%, 03/10/2046		1,173,051
	689,898	3.21%, 03/10/2046		708,027
	6,780,000	3.42%, 03/10/2031(1)		7,048,717
	1,260,000	3.61%, 06/10/2046(3)		1,312,476
	1,032,661	4.02%, 07/10/2045		1,074,108
	630,000	4.07%, 02/10/2047(3)		669,805
	1,045,000	4.21%, 08/10/2046(3)		1,112,289
	615,085	4.22%, 07/10/2045(3)		651,446
	535,000	4.24%, 02/10/2047(3)		570,900
	720,000	4.59%, 10/15/2045(1)(3)		36,000
	1,920,000	4.75%, 10/15/2045(1)(3)		1,429,171
	44,454	Credit Suisse First Boston Mortgage Securities Corp. 4.88%, 04/15/2037		44,232
		CSAIL Commercial Mortgage Trust
	59,772,546	0.76%, 06/15/2057(3)(5)		1,977,712
	3,330,390	0.95%, 11/15/2048(3)(5)		122,739
	8,750,057	1.90%, 01/15/2049(3)(5)		746,538
	4,810,306	DBUBS Mortgage Trust 0.70%, 11/10/2046(1)(3)(5)		15,962
	2,945,113	Four Times Square Trust Commercial Mortgage Pass-Through Certificates 5.40%, 12/13/2028(1)		3,012,477
	5,485,000	FREMF Mortgage Trust 5.28%, 09/25/2043(1)(3)		5,532,209
	971,617	GE Business Loan Trust 2.74%, 05/15/2034, 1 mo. USD LIBOR + 1.000%(1)(2)		916,287
	4,340,000	GS Mortgage Securities Corp. 2.95%, 11/05/2034(1)		4,397,065
		GS Mortgage Securities Trust
	44,697,194	0.08%, 07/10/2046(3)(5)		126,730
	6,346,675	1.33%, 08/10/2044(1)(3)(5)		97,295
	1,580,166	3.67%, 04/10/2047(1)		571,703
	785,121	4.07%, 01/10/2047		834,235
	2,215,000	4.97%, 04/10/2047(1)(3)		1,993,156
		JP Morgan Chase Commercial Mortgage Securities Trust
	2,185,000	2.73%, 10/15/2045(1)(3)		1,345,064
	608,397	2.84%, 12/15/2047		617,253
	1,290,924	4.42%, 12/15/2047(1)(3)		1,221,153
		JPMBB Commercial Mortgage Securities Trust
	21,213,815	0.64%, 09/15/2047(3)(5)		519,946
	7,081,439	0.76%, 05/15/2048(3)(5)		163,998
	855,054	3.36%, 07/15/2045		883,729

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 26.5% - (continued)
		Commercial Mortgage - Backed Securities - 5.9% - (continued)
		Morgan Stanley Bank of America Merrill Lynch Trust
$	11,039,195	1.00%, 12/15/2047(3)(5)	$	425,831
	1,512,192	1.03%, 10/15/2048(3)(5)		70,301
	1,530,000	3.13%, 12/15/2048		1,566,649
	1,320,000	3.18%, 08/15/2045		1,348,115
	795,172	4.26%, 10/15/2046(3)		846,753
		Morgan Stanley Capital Trust
	30,871,139	0.34%, 09/15/2047(1)(3)(5)		74,418
	8,159,511	1.44%, 06/15/2050(3)(5)		595,922
	4,920,000	3.47%, 08/11/2033(1)		5,011,694
	1,460,000	5.25%, 07/15/2049(1)(3)		1,346,012
	82,680	5.67%, 10/12/2052(1)(3)		20,654
	2,475,000	MTRO Commercial Mortgage Trust 3.54%, 12/15/2033, 1 mo. USD LIBOR + 1.800%(1)(2)		2,470,357
	1,370,000	Natixis Commercial Mortgage Securities Trust 2.91%, 10/15/2036(1)		1,358,680
	2,261,645	Oaktown Re II Ltd. 3.34%, 07/25/2028, 1 mo. USD LIBOR + 1.550%(1)(2)		2,262,091
	790,000	SFAVE Commercial Mortgage Securities Trust 3.87%, 01/05/2043(1)(3)		800,956
	6,462,426	Stanwich Mortgage Loan Trust 3.48%, 11/16/2024(1)(4)		6,451,697
	4,640,708	UBS Commercial Mortgage Trust 1.09%, 08/15/2050(3)(5)		293,671
		UBS-Barclays Commercial Mortgage Trust
	790,000	2.85%, 12/10/2045		802,932
	2,295,000	3.09%, 08/10/2049		2,340,638
	2,065,000	3.19%, 03/10/2046		2,118,152
	775,000	3.24%, 04/10/2046		797,306
		Wells Fargo Commercial Mortgage Trust
	17,888,043	1.13%, 05/15/2048(3)(5)		800,939
	1,125,554	2.92%, 10/15/2045		1,144,793
	430,000	4.15%, 05/15/2048(3)		435,959
		Wells Fargo N.A.
	20,173,558	0.61%, 11/15/2062(3)(5)		1,015,002
	9,830,000	0.77%, 11/15/2062(3)(5)		538,318
	19,869,832	0.84%, 09/15/2062(3)(5)		1,333,701
	12,838,575	0.91%, 05/15/2062(3)(5)		903,697
		WF-RBS Commercial Mortgage Trust
	255,115	2.88%, 12/15/2045		259,384
	1,215,000	3.00%, 08/15/2045		1,237,368
	1,150,000	3.07%, 03/15/2045		1,176,541
	450,000	3.35%, 05/15/2045		462,468
	990,000	3.72%, 05/15/2047		1,036,152
	230,000	4.05%, 03/15/2047		244,681
	1,095,000	4.15%, 08/15/2046(3)		1,159,017
	710,000	5.00%, 06/15/2044(1)(3)		600,025
	790,000	5.58%, 04/15/2045(1)(3)		828,930
				122,269,904
		Other ABS - 2.1%
	1,450,000	Domino’s Pizza Master Issuer LLC 3.67%, 10/25/2049(1)		1,450,247
	6,739,745	Galaxy CLO Ltd. 2.70%, 11/15/2026, 3 mo. USD LIBOR + 0.790%(1)(2)		6,736,287
	4,075,000	OnDeck Asset Securitization Trust LLC 2.65%, 11/18/2024(1)		4,079,890
	4,808,095	Pretium Mortgage Credit Partners LLC 3.11%, 07/27/2059(1)(4)		4,803,568
	5,806,065	Seasoned Credit Risk Transfer Trust 3.50%, 03/25/2058		6,120,660
		Vericrest Opportunity Loan Trust
	1,941,778	3.35%, 08/25/2049(1)(4)		1,938,426
	1,978,797	3.97%, 03/25/2049(1)(4)		1,988,953
	807,936	VOLT LXII LLC 3.13%, 09/25/2047(1)(4)		808,694

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

116

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 26.5% - (continued)
		Other ABS - 2.1% - (continued)
$	2,605,970	VOLT LXIV LLC 3.38%, 10/25/2047(1)(4)	$	2,607,558
	4,945,989	VOLT LXXX LLC 3.23%, 10/25/2049(1)(4)		4,945,940
	2,002,341	VOLT LXXXIII LLC 3.33%, 11/26/2049(1)(4)		2,001,354
	7,210,000	VOLT LXXXIV LLC 3.43%, 12/27/2049(1)(4)		7,206,510
				44,688,087
		Whole Loan Collateral CMO - 9.9%
		Alternative Loan Trust
	966,979	2.11%, 11/25/2035, 1 mo. USD LIBOR + 0.320%(2)		884,468
	208,472	2.33%, 01/25/2036, 1 mo. USD LIBOR + 0.540%(2)		201,166
	916,315	5.75%, 05/25/2036		661,336
	1,455,228	Angel Oak Mortgage Trust LLC 3.63%, 03/25/2049(1)(3)		1,471,699
	6,402,443	Arroyo Mortgage Trust 3.35%, 04/25/2049(1)(3)		6,479,831
		Banc of America Funding Trust
	1,116,387	2.07%, 05/20/2047, 1 mo. USD LIBOR + 0.300%(2)		1,100,678
	3,737,496	5.77%, 05/25/2037(3)		3,675,571
	141,882	5.85%, 01/25/2037(4)		140,700
	847,017	BCAP LLC Trust 1.97%, 03/25/2037, 1 mo. USD LIBOR + 0.180%(2)		808,030
	292,862	Bear Stearns Adjustable Rate Mortgage Trust 4.27%, 10/25/2035, 12 mo. USD CMT + 2.300%(2)		300,265
	1,021,231	Bear Stearns Alt-A Trust 2.29%, 01/25/2036, 1 mo. USD LIBOR + 0.500%(2)		1,171,405
	399,444	Bear Stearns Mortgage Funding Trust 1.97%, 10/25/2036, 1 mo. USD LIBOR + 0.180%(2)		382,775
		Bellemeade Re Ltd.
	1,514,401	2.99%, 10/25/2028, 1 mo. USD LIBOR + 1.200%(1)(2)		1,514,729
	1,734,033	3.09%, 03/25/2029, 1 mo. USD LIBOR + 1.300%(1)(2)		1,735,440
	7,465,000	3.19%, 10/25/2029, 1 mo. USD LIBOR + 1.400%(1)(2)		7,467,324
		CHL Mortgage Pass-Through Trust
	480,762	3.43%, 11/20/2035(3)		439,525
	1,956,962	3.79%, 09/25/2047(3)		1,866,999
	4,717,389	CIM Trust 3.00%, 04/25/2057(1)(3)		4,735,847
	1,752,034	Citigroup Mortgage Loan Trust 3.23%, 11/25/2070(1)(4)		1,751,059
	4,485,000	Colombia Cent CLO Ltd. 3.09%, 10/25/2028, 3 mo. USD LIBOR + 1.150%(1)(2)		4,483,771
	2,646,466	COLT Mortgage Loan Trust 3.34%, 05/25/2049(1)(3)		2,650,687
	1,646,182	Connecticut Avenue Securities Trust 3.86%, 11/25/2039, 1 mo. USD LIBOR + 2.150%(1)(2)		1,653,587
	1,808,386	Credit Suisse First Boston Mortgage Securities Corp. 5.50%, 06/25/2035		1,738,770
	2,294,366	CSMC Trust 3.25%, 04/25/2047(1)(3)		2,293,172
	744,391	Deephaven Residential Mortgage Trust 2.45%, 06/25/2047(1)(3)		743,224
		Fannie Mae Connecticut Avenue Securities
	2,025,000	5.34%, 07/25/2029, 1 mo. USD LIBOR + 3.550%(2)		2,143,025
	3,409,579	6.14%, 05/25/2029, 1 mo. USD LIBOR + 4.350%(2)		3,594,274
	1,121,316	6.69%, 11/25/2024, 1 mo. USD LIBOR + 4.900%(2)		1,231,527
	590,739	7.49%, 04/25/2028, 1 mo. USD LIBOR + 5.700%(2)		655,943

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 26.5% - (continued)
		Whole Loan Collateral CMO - 9.9% - (continued)
$	503,557	7.79%, 09/25/2028, 1 mo. USD LIBOR + 6.000%(2)	$	554,085
	27,750	GMACM Mortgage Loan Trust 4.16%, 04/19/2036(3)		25,767
		GSR Mortgage Loan Trust
	1,097,212	2.09%, 01/25/2037, 1 mo. USD LIBOR + 0.300%(2)		429,356
	1,734,749	3.96%, 01/25/2036(3)		1,755,827
		HarborView Mortgage Loan Trust
	1,013,391	1.95%, 01/19/2038, 1 mo. USD LIBOR + 0.190%(2)		958,998
	3,530,945	2.00%, 12/19/2036, 1 mo. USD LIBOR + 0.240%(2)		3,359,205
	2,003,444	Home Re Ltd. 3.39%, 10/25/2028, 1 mo. USD LIBOR + 1.600%(1)(2)		2,004,051
	1,112,887	IndyMac Index Mortgage Loan Trust 3.85%, 03/25/2036(3)		1,010,284
	245,785	JP Morgan Mortgage Trust 4.32%, 04/25/2037(3)		229,046
	2,735,000	LCM XX L.P. 3.01%, 10/20/2027, 3 mo. USD LIBOR + 1.040%(1)(2)		2,736,477
	1,145,462	Lehman XS Trust 2.00%, 07/25/2046, 1 mo. USD LIBOR + 0.210%(2)		1,137,679
		LSTAR Securities Investment Ltd.
	2,097,574	3.21%, 04/01/2024, 1 mo. USD LIBOR + 1.500%(1)(2)		2,093,585
	4,788,743	3.21%, 05/01/2024, 1 mo. USD LIBOR + 1.500%(1)(2)		4,783,206
		LSTAR Securities Investment Trust
	641,659	3.21%, 04/01/2024, 1 mo. USD LIBOR + 1.500%(1)(2)		640,252
	2,140,727	3.41%, 03/01/2024, 1 mo. USD LIBOR + 1.700%(1)(2)		2,136,499
	369,999	MASTR Adjustable Rate Mortgages Trust 4.70%, 11/21/2034(3)		378,835
	1,018,808	MFA Trust 2.59%, 02/25/2057(1)(3)		1,011,883
	3,363,000	Mortgage Insurance-Linked Notes 3.67%, 11/26/2029, 1 mo. USD LIBOR + 1.900%(1)(2)		3,375,197
	4,995,000	New Residential Advance Receivables Trust 2.33%, 10/15/2051(1)		4,987,942
		New Residential Mortgage Loan Trust
	2,166,584	2.49%, 09/25/2059(1)(3)		2,156,970
	4,925,574	2.54%, 01/25/2048, 1 mo. USD LIBOR + 0.750%(1)(2)		4,912,163
	4,122,699	3.29%, 06/25/2057, 1 mo. USD LIBOR + 1.500%(1)(2)		4,173,869
	3,507,782	3.50%, 08/25/2059(1)(3)		3,574,948
	3,855,801	3.75%, 11/26/2035(1)(3)		3,979,753
	3,443,449	3.75%, 11/25/2056(1)(3)		3,556,292
	6,389,719	4.00%, 02/25/2057(1)(3)		6,634,760
	6,314,277	4.00%, 03/25/2057(1)(3)		6,586,792
	4,978,156	4.00%, 04/25/2057(1)(3)		5,172,625
	4,001,621	4.00%, 05/25/2057(1)(3)		4,171,498
	5,313,704	4.00%, 08/27/2057(1)(3)		5,518,186
	2,306,492	4.00%, 12/25/2057(1)(3)		2,390,715
	4,565,020	Oaktown Re III Ltd. 3.19%, 07/25/2029, 1 mo. USD LIBOR + 1.400%(1)(2)		4,570,785
	7,485,000	OZLM Ltd. 2.99%, 04/30/2027, 3 mo. USD LIBOR + 1.050%(1)(2)		7,484,903
	3,111,559	PMT Credit Risk Transfer Trust 3.70%, 03/27/2024, 1 mo. USD LIBOR + 2.000%(1)(2)		3,108,724
	1,684,218	Preston Ridge Partners Mortgage Trust LLC 3.50%, 10/25/2024(1)(3)		1,682,895

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

117

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 26.5% - (continued)
		Whole Loan Collateral CMO - 9.9% - (continued)
$	1,213,020	RBSGC Mortgage Loan Trust 6.25%, 01/25/2037	$	1,201,285
		Residential Accredit Loans, Inc.
	2,937,771	3.47%, 11/25/2037(3)		2,741,038
	776,394	6.00%, 12/25/2035		757,345
		Seasoned Credit Risk Transfer Trust
	2,121,985	3.50%, 11/25/2057		2,221,680
	5,628,596	3.50%, 07/25/2058		5,900,900
	6,071,423	3.50%, 10/25/2058		6,394,618
	1,081,108	Structured Agency Credit Risk Trust 3.44%, 04/25/2043, 1 mo. USD LIBOR + 1.650%(1)(2)		1,084,509
		Towd Point Mortgage Trust
	2,629,699	2.25%, 04/25/2056(1)(3)		2,623,120
	4,886,406	2.39%, 02/25/2057, 1 mo. USD LIBOR + 0.600%(1)(2)		4,874,333
	2,421,491	2.75%, 08/25/2055(1)(3)		2,431,493
	411,277	3.00%, 03/25/2054(1)(3)		411,814
		Vericrest Opportunity Loan Trust
	4,275,125	3.18%, 10/25/2049(1)(4)		4,258,668
	4,975,315	3.28%, 11/25/2049(1)(4)		4,963,282
		WaMu Mortgage Pass-Through Certificates Trust
	606,401	2.21%, 06/25/2044, 1 mo. USD LIBOR + 0.420%(2)		589,146
	2,968,121	3.15%, 12/25/2046, 12 mo. USD MTA + 0.820%(2)		2,781,630
	1,095,662	3.74%, 06/25/2037(3)		1,040,140
	45,080,983	Wells Fargo Commercial Mortgage Trust 1.12%, 09/15/2057(3)(5)		1,576,590
				207,112,470
		Total Asset & Commercial Mortgage Backed Securities (cost $552,861,066)	$	553,663,458
CORPORATE BONDS - 27.7%
		Aerospace/Defense - 0.6%
$	2,075,000	Boeing Co. 3.25%, 02/01/2035	$	2,123,686
		L3Harris Technologies, Inc.
	2,405,000	2.90%, 12/15/2029		2,443,176
	2,127,000	3.85%, 06/15/2023(1)		2,239,400
	1,157,000	Lockheed Martin Corp. 4.09%, 09/15/2052		1,357,615
		United Technologies Corp.
	140,000	2.80%, 05/04/2024		143,912
	940,000	3.65%, 08/16/2023		991,143
	1,565,000	3.95%, 08/16/2025		1,706,754
	1,220,000	4.45%, 11/16/2038		1,443,707
	400,000	4.63%, 11/16/2048		501,271
				12,950,664
		Agriculture - 0.5%
		Altria Group, Inc.
	405,000	2.63%, 09/16/2026		400,713
	765,000	3.88%, 09/16/2046		706,241
	810,000	4.40%, 02/14/2026		880,588
	635,000	4.80%, 02/14/2029		707,812
	1,605,000	5.38%, 01/31/2044		1,813,518
	310,000	5.80%, 02/14/2039		364,720
	680,000	5.95%, 02/14/2049		824,479
		BAT Capital Corp.
	2,395,000	2.79%, 09/06/2024		2,406,722
	3,025,000	4.39%, 08/15/2037		3,063,299
				11,168,092
		Auto Manufacturers - 0.4%
	850,000	Daimler Finance North America LLC 2.45%, 05/04/2021, 3 mo. USD LIBOR + 0.550%(1)(2)		851,112

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 27.7% - (continued)
		Auto Manufacturers - 0.4% - (continued)
$	635,000	Ford Motor Co. 5.29%, 12/08/2046	$	605,087
		Ford Motor Credit Co. LLC
	540,000	3.82%, 11/02/2027		523,665
	1,400,000	4.54%, 08/01/2026		1,432,636
	545,000	5.11%, 05/03/2029		561,675
		General Motors Co.
	1,260,000	5.20%, 04/01/2045		1,272,603
	630,000	5.95%, 04/01/2049		698,426
	1,000,000	6.25%, 10/02/2043		1,123,536
	1,035,000	6.75%, 04/01/2046		1,214,187
			8,282,927
		Auto Parts & Equipment - 0.0%
	450,000	Adient Global Holdings Ltd. 4.88%, 08/15/2026(1)		401,625
	290,000	Goodyear Tire & Rubber Co. 5.00%, 05/31/2026(6)		301,600
			703,225
		Beverages - 0.8%
		Anheuser-Busch InBev Worldwide, Inc.
	2,549,000	3.75%, 07/15/2042		2,635,699
	1,145,000	4.60%, 04/15/2048		1,310,342
	1,575,000	4.75%, 04/15/2058		1,842,108
	5,114,000	5.45%, 01/23/2039		6,435,621
	1,275,000	Constellation Brands, Inc. 2.65%, 11/07/2022		1,292,945
	2,200,000	Molson Coors Brewing Co. 3.00%, 07/15/2026		2,227,389
				15,744,104
		Biotechnology - 0.1%
	1,315,000	Amgen, Inc. 2.65%, 05/11/2022		1,334,699
		Chemicals - 0.6%
	1,490,000	Alpek S.A.B. de C.V. 4.25%, 09/18/2029(1)		1,519,800
	4,175,000	Braskem Netherlands Finance B.V. 4.50%, 01/31/2030(1)		4,156,212
	290,000	Chemours Co. 5.38%, 05/15/2027		256,650
	3,005,000	DuPont de Nemours, Inc. 4.21%, 11/15/2023		3,215,195
	531,000	Methanex Corp. 5.65%, 12/01/2044		509,353
	290,000	Olin Corp. 5.13%, 09/15/2027		302,325
		Sherwin-Williams Co.
	1,200,000	2.95%, 08/15/2029		1,212,035
	50,000	3.45%, 06/01/2027		52,907
	1,810,000	Syngenta Finance N.V. 4.89%, 04/24/2025(1)		1,937,625
			13,162,102
		Commercial Banks - 7.1%
		Bank of America Corp.
	2,140,000	2.46%, 10/22/2025, (2.46% fixed rate until 10/22/2024; 3 mo. USD LIBOR + 0.870% thereafter)(7)		2,154,317
	5,880,000	3.19%, 07/23/2030, (3.19% fixed rate until 07/23/2029; 3 mo. USD LIBOR + 1.180% thereafter)(7)		6,083,354
	6,005,000	3.37%, 01/23/2026, (3.37% fixed rate until 01/23/2025; 3 mo. USD LIBOR + 0.810% thereafter)(7)		6,281,222
	4,620,000	3.71%, 04/24/2028, (3.71% fixed rate until 04/24/2027; 3 mo. USD LIBOR + 1.512% thereafter)(7)		4,939,958
	1,785,000	3.97%, 02/07/2030, (3.97% fixed rate until 02/07/2029; 3 mo. USD LIBOR + 1.210% thereafter)(7)		1,959,694
	2,150,000	7.75%, 05/14/2038		3,389,270
	3,445,000	Bank of New York Mellon Corp. 2.10%, 10/24/2024		3,449,497
AUD	7,470,000	BNG Bank N.V. 1.90%, 11/26/2025(8)		5,328,431

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

118

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 27.7% - (continued)
		Commercial Banks - 7.1% - (continued)
$	1,725,000	Capital One Financial Corp. 3.90%, 01/29/2024	$	1,829,685
		Citigroup, Inc.
	3,565,000	2.31%, 11/04/2022, (2.31% fixed rate until 11/04/2021; 3 mo. SOFRRATE + 0.867% thereafter)(7)		3,576,099
	2,960,000	3.00%, 05/17/2024, 3 mo. USD LIBOR + 1.100%(2)		2,999,264
	1,340,000	3.20%, 10/21/2026		1,390,369
	2,475,000	3.35%, 04/24/2025, (3.35% fixed rate until 04/24/2024; 3 mo. USD LIBOR + 0.897% thereafter)(7)		2,575,992
	1,085,000	3.52%, 10/27/2028, (3.52% fixed rate until 10/27/2027; 3 mo. USD LIBOR + 1.151% thereafter)(7)		1,142,393
	5,135,000	3.98%, 03/20/2030, (3.98% fixed rate until 03/20/2029; 3 mo. USD LIBOR + 1.338% thereafter)(7)		5,621,850
	1,025,000	4.08%, 04/23/2029, (4.08% fixed rate until 04/23/2028; 3 mo. USD LIBOR + 1.192% thereafter)(7)		1,122,045
	940,000	4.45%, 09/29/2027		1,035,675
	3,285,000	Credit Suisse Group AG 6.25%, 12/18/2024, (6.25% fixed rate until 12/18/2024; 5 year USD Swap + 3.455% thereafter)(1)(7)(9)		3,573,259
		Danske Bank A/S
	1,890,000	5.00%, 01/12/2022(1)		1,985,242
	1,970,000	5.38%, 01/12/2024(1)		2,156,429
	1,640,000	Fifth Third Bancorp 2.38%, 01/28/2025		1,642,877
		Goldman Sachs Group, Inc.
	965,000	2.91%, 07/24/2023, (2.91% fixed rate until 07/24/2022; 3 mo. USD LIBOR + 0.990% thereafter)(7)		982,420
	2,410,000	3.69%, 06/05/2028, (3.69% fixed rate until 06/05/2027; 3 mo. USD LIBOR + 1.510% thereafter)(7)		2,564,204
	3,860,000	3.81%, 04/23/2029, (3.81% fixed rate until 04/23/2028; 3 mo. USD LIBOR + 1.158% thereafter)(7)		4,141,310
	1,250,000	4.22%, 05/01/2029, (4.22% fixed rate until 05/01/2028; 3 mo. USD LIBOR + 1.301% thereafter)(7)		1,378,224
	65,000	6.25%, 02/01/2041		90,893
	1,890,000	6.75%, 10/01/2037		2,625,453
		HSBC Holdings plc
	1,305,000	2.95%, 05/25/2021		1,321,577
	2,370,000	3.40%, 03/08/2021		2,407,656
	1,200,000	4.58%, 06/19/2029, (4.58% fixed rate until 06/19/2028; 3 mo. USD LIBOR + 1.535% thereafter)(7)		1,341,891
		JP Morgan Chase & Co.
	955,000	3.17%, 10/24/2023, 3 mo. USD LIBOR + 1.230%(2)		971,242
	2,160,000	3.22%, 03/01/2025, (3.22% fixed rate until 03/01/2024; 3 mo. USD LIBOR + 1.155% thereafter)(7)		2,239,443
	2,500,000	3.51%, 01/23/2029, (3.51% fixed rate until 01/23/2028; 3 mo. USD LIBOR + 0.945% thereafter)(7)		2,657,287
	1,655,000	3.70%, 05/06/2030, (3.70% fixed rate until 05/06/2029; 3 mo. USD LIBOR + 1.160% thereafter)(7)		1,783,066
	1,990,000	3.80%, 07/23/2024, (3.80% fixed rate until 07/23/2023; 3 mo. USD LIBOR + 0.890% thereafter)(7)		2,097,559

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 27.7% - (continued)
		Commercial Banks - 7.1% - (continued)
$	4,480,000	3.96%, 01/29/2027, (3.96% fixed rate until 01/29/2026; 3 mo. USD LIBOR + 1.245% thereafter)(7)	$	4,862,278
	2,230,000	4.01%, 04/23/2029, (4.01% fixed rate until 04/23/2028; 3 mo. USD LIBOR + 1.120% thereafter)(7)		2,449,507
	1,790,000	KeyCorp. 2.55%, 10/01/2029		1,750,499
GBP	2,035,000	Metro Bank plc 5.50%, 06/26/2028, (5.50% fixed rate until 06/26/2023; GUKG5 + 4.458% thereafter)(7)(8)(9)		2,190,143
		Morgan Stanley
$	2,725,000	2.50%, 04/21/2021		2,745,663
	100,000	2.75%, 05/19/2022		101,847
	4,895,000	3.59%, 07/22/2028, (3.59% fixed rate until 07/22/2027; 3 mo. USD LIBOR + 1.340% thereafter)(7)		5,204,919
	2,120,000	3.63%, 01/20/2027		2,257,406
	2,775,000	4.00%, 07/23/2025		3,002,728
	750,000	4.43%, 01/23/2030, (4.43% fixed rate until 01/23/2029; 3 mo. USD LIBOR + 1.628% thereafter)(7)		848,307
	600,000	PNC Bank NA 2.70%, 10/22/2029		599,262
	2,725,000	PNC Financial Services Group, Inc. 2.20%, 11/01/2024		2,735,128
	2,060,000	Royal Bank of Canada 2.55%, 07/16/2024		2,091,701
	1,435,000	Santander Holdings USA, Inc. 3.70%, 03/28/2022		1,474,966
	2,150,000	State Street Corp. 2.35%, 11/01/2025, (2.35% fixed rate until 11/01/2024; 3 mo. SOFR + 0.940% thereafter)(7)		2,159,475
	1,273,000	UBS Group Funding Switzerland AG 2.65%, 02/01/2022(1)		1,286,091
	2,685,000	UniCredit S.p.A. 6.57%, 01/14/2022(1)		2,883,763
		Wells Fargo & Co.
	3,075,000	2.41%, 10/30/2025, (2.41% fixed rate until 10/30/2024; 3 mo. USD LIBOR + 0.825% thereafter)(7)		3,077,898
	1,795,000	2.63%, 07/22/2022		1,821,825
	1,655,000	3.00%, 04/22/2026		1,702,475
	665,000	3.00%, 10/23/2026		681,561
	4,800,000	3.07%, 01/24/2023		4,899,053
	2,485,000	3.58%, 05/22/2028, (3.58% fixed rate until 05/22/2027; 3 mo. USD LIBOR + 1.310% thereafter)(7)		2,641,720
	2,885,000	3.75%, 01/24/2024		3,050,385
	155,000	4.90%, 11/17/2045		189,609
	890,000	5.61%, 01/15/2044		1,172,884
			148,720,240
		Commercial Services - 0.3%
		Ashtead Capital, Inc.
	200,000	4.13%, 08/15/2025(1)		205,500
	200,000	4.38%, 08/15/2027(1)		207,250
	655,000	Global Payments, Inc. 3.20%, 08/15/2029		667,582
	4,150,000	IHS Markit Ltd. 4.13%, 08/01/2023		4,409,666
	530,000	Service Corp. International 5.13%, 06/01/2029		563,125
	400,000	United Rentals North America, Inc. 5.50%, 07/15/2025		415,625
			6,468,748
		Construction Materials - 0.1%
		Standard Industries, Inc.
	60,000	5.38%, 11/15/2024(1)		61,650
	930,000	6.00%, 10/15/2025(1)		977,662
			1,039,312

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

119

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 27.7% - (continued)
		Diversified Financial Services - 0.1%
$	1,045,000	ICBCIL Finance Co., Ltd. 3.00%, 04/05/2020(8)	$	1,045,738
		Navient Corp.
	460,000	5.88%, 03/25/2021		475,180
	390,000	7.25%, 01/25/2022		423,712
			1,944,630
		Electric - 2.0%
		AES Corp.
	220,000	4.50%, 03/15/2023		225,500
	284,000	4.88%, 05/15/2023		288,260
	50,000	5.13%, 09/01/2027		53,375
	1,180,000	Berkshire Hathaway Energy Co. 3.25%, 04/15/2028		1,247,626
		Cleco Corporate Holdings LLC
	1,130,000	3.38%, 09/15/2029(1)		1,134,868
	457,000	3.74%, 05/01/2026		472,255
	75,000	4.97%, 05/01/2046		83,233
		Commonwealth Edison Co.
	1,420,000	3.65%, 06/15/2046		1,508,243
	370,000	4.00%, 03/01/2048		416,388
	375,000	Connecticut Light & Power Co. 4.00%, 04/01/2048		430,676
	415,000	Dominion Energy South Carolina, Inc. 5.10%, 06/01/2065		539,833
	1,525,000	Duke Energy Carolinas LLC 4.25%, 12/15/2041		1,743,760
	970,000	Duke Energy Florida LLC 3.40%, 10/01/2046		988,406
	1,245,000	Duke Energy Indiana LLC 3.25%, 10/01/2049		1,245,167
	1,495,000	Duke Energy Progress LLC 4.38%, 03/30/2044		1,737,040
		Evergy, Inc.
	730,000	2.45%, 09/15/2024		734,335
	1,805,000	2.90%, 09/15/2029		1,796,520
		Exelon Corp.
	2,275,000	2.85%, 06/15/2020		2,280,232
	2,745,000	3.95%, 06/15/2025		2,953,229
	360,000	Florida Power & Light Co. 3.99%, 03/01/2049		413,156
	1,835,000	Georgia Power Co. 4.30%, 03/15/2042		2,013,585
	1,465,000	IPALCO Enterprises, Inc. 3.70%, 09/01/2024		1,515,597
		MidAmerican Energy Co.
	925,000	3.15%, 04/15/2050		913,728
	380,000	3.65%, 08/01/2048		410,979
	2,580,000	NextEra Energy Capital Holdings, Inc. 3.15%, 04/01/2024		2,675,670
	395,000	Northern States Power Co. 2.90%, 03/01/2050(6)		377,368
	1,130,000	Oglethorpe Power Corp. 5.05%, 10/01/2048		1,331,269
		Oncor Electric Delivery Co. LLC
	360,000	3.10%, 09/15/2049		351,879
	565,000	5.75%, 03/15/2029		697,709
	360,000	PacifiCorp. 4.15%, 02/15/2050		413,748
	395,000	Public Service Electric & Gas Co. 3.80%, 03/01/2046		435,714
	1,820,000	Public Service Enterprise Group, Inc. 2.88%, 06/15/2024		1,860,620
	2,070,000	Puget Energy, Inc. 3.65%, 05/15/2025		2,144,229
	205,000	Sempra Energy 4.00%, 02/01/2048		215,478
		Southern California Edison Co.
	1,380,000	2.85%, 08/01/2029(6)		1,378,746
	511,000	4.00%, 04/01/2047		538,008
	299,000	4.13%, 03/01/2048		319,483
		Southern Co.
	625,000	2.95%, 07/01/2023		641,131
	1,495,000	3.25%, 07/01/2026		1,557,630
	35,000	4.40%, 07/01/2046		38,817
	380,000	Union Electric Co. 4.00%, 04/01/2048		421,753
	700,000	Xcel Energy, Inc. 3.50%, 12/01/2049		711,694
				41,256,937

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 27.7% - (continued)
		Engineering & Construction - 0.8%
$	2,250,000	Fluor Corp. 4.25%, 09/15/2028	$	2,265,873
	4,250,000	International Airport Finance S.A. 12.00%, 03/15/2033(1)(6)		4,664,375
		SBA Tower Trust
	4,815,000	3.17%, 04/09/2047(1)		4,864,299
	4,540,000	3.45%, 03/15/2048(1)		4,677,446
				16,471,993
		Entertainment - 0.1%
		GLP Capital L.P. / GLP Financing II, Inc.
	1,260,000	5.30%, 01/15/2029		1,399,482
	275,000	5.38%, 04/15/2026		303,985
		WMG Acquisition Corp.
	445,000	4.88%, 11/01/2024(1)		460,575
	260,000	5.00%, 08/01/2023(1)		265,850
			2,429,892
		Environmental Control - 0.1%
		Clean Harbors, Inc.
	144,000	4.88%, 07/15/2027(1)		151,560
	116,000	5.13%, 07/15/2029(1)		124,422
		Waste Management, Inc.
	1,100,000	3.20%, 06/15/2026		1,152,450
	430,000	3.45%, 06/15/2029		460,511
	160,000	4.15%, 07/15/2049		183,078
				2,072,021
		Food - 0.3%
		Conagra Brands, Inc.
	775,000	4.30%, 05/01/2024		834,680
	240,000	4.60%, 11/01/2025		265,157
	5,270,000	NBM U.S. Holdings, Inc. 7.00%, 05/14/2026(1)		5,707,463
	285,000	TreeHouse Foods, Inc. 6.00%, 02/15/2024(1)		295,331
				7,102,631
		Food Service - 0.0%
	585,000	Aramark Services, Inc. 5.00%, 02/01/2028(1)		616,444
		Forest Products & Paper - 0.2%
	4,120,000	Suzano Austria GmbH 5.00%, 01/15/2030		4,331,026
		Gas - 0.3%
		AmeriGas Partners L.P. / AmeriGas Finance Corp.
	70,000	5.63%, 05/20/2024		75,600
	375,000	5.88%, 08/20/2026		413,437
	2,000,000	Dominion Energy Gas Holdings LLC 2.50%, 11/15/2024		2,009,371
		Sempra Energy
	1,445,000	2.40%, 02/01/2020		1,445,099
	1,615,000	3.40%, 02/01/2028		1,674,242
	720,000	3.80%, 02/01/2038		752,894
				6,370,643
		Healthcare-Products - 0.3%
	1,145,000	Alcon Finance Corp. 3.00%, 09/23/2029(1)		1,164,930
	3,925,000	Becton Dickinson and Co. 3.36%, 06/06/2024		4,088,050
	140,000	Hill-Rom Holdings, Inc. 4.38%, 09/15/2027(1)		144,025
	255,000	Thermo Fisher Scientific, Inc. 3.00%, 04/15/2023		262,210
				5,659,215
		Healthcare-Services - 0.7%
	700,000	Aetna, Inc. 2.80%, 06/15/2023		711,377
		Anthem, Inc.
	1,780,000	2.88%, 09/15/2029		1,773,275
	1,960,000	3.50%, 08/15/2024		2,055,009
	285,000	4.38%, 12/01/2047		314,675
	410,000	4.63%, 05/15/2042		462,662

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

120

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 27.7% - (continued)
		Healthcare-Services - 0.7% - (continued)
		Centene Corp.
$	85,000	4.25%, 12/15/2027(1)	$	87,444
	90,000	4.63%, 12/15/2029(1)		94,621
	535,000	CHS/Community Health Systems, Inc. 5.13%, 08/01/2021		535,000
	1,210,000	CommonSpirit Health 3.35%, 10/01/2029		1,217,426
	1,095,000	HCA, Inc. 4.13%, 06/15/2029		1,161,882
		UnitedHealth Group, Inc.
	1,420,000	2.38%, 08/15/2024		1,438,842
	1,205,000	2.88%, 08/15/2029		1,240,294
	830,000	3.50%, 08/15/2039		871,657
	860,000	3.70%, 12/15/2025		930,842
	350,000	3.70%, 08/15/2049		376,204
	405,000	4.75%, 07/15/2045		498,734
				13,769,944
		Home Builders - 0.1%
	595,000	Lennar Corp. 4.75%, 11/29/2027		641,112
	285,000	PulteGroup, Inc. 5.50%, 03/01/2026		318,488
	575,000	Toll Brothers Finance Corp. 4.88%, 11/15/2025		626,750
				1,586,350
		Insurance - 0.6%
	1,515,000	Aon Corp. 2.20%, 11/15/2022		1,522,131
	835,000	CNO Financial Group, Inc. 5.25%, 05/30/2025		924,763
		Genworth Holdings, Inc.
	20,000	4.80%, 02/15/2024		19,546
	380,000	4.90%, 08/15/2023		376,200
		Marsh & McLennan Cos., Inc.
	1,480,000	3.88%, 03/15/2024		1,578,860
	660,000	4.38%, 03/15/2029		752,493
	1,035,000	4.75%, 03/15/2039		1,251,413
	415,000	Massachusetts Mutual Life Insurance Co. 3.73%, 10/15/2070(1)		401,330
	345,000	MGIC Investment Corp. 5.75%, 08/15/2023		381,225
		Unum Group
	640,000	4.00%, 06/15/2029		672,218
	1,040,000	4.50%, 12/15/2049		1,015,688
		Willis North America, Inc.
	740,000	2.95%, 09/15/2029		733,458
	1,035,000	3.60%, 05/15/2024		1,081,418
	1,340,000	4.50%, 09/15/2028		1,477,723
				12,188,466
		Internet - 0.6%
		Alibaba Group Holding Ltd.
	2,975,000	3.40%, 12/06/2027		3,099,689
	630,000	4.00%, 12/06/2037		674,368
	790,000	4.20%, 12/06/2047		877,717
	2,245,000	Amazon.com, Inc. 3.88%, 08/22/2037		2,551,632
	150,000	Symantec Corp. 5.00%, 04/15/2025(1)		153,259
		Tencent Holdings Ltd.
	1,210,000	3.60%, 01/19/2028(1)		1,264,907
	2,765,000	3.98%, 04/11/2029(1)		2,986,082
				11,607,654
		Iron/Steel - 0.3%
	285,000	Commercial Metals Co. 5.38%, 07/15/2027		299,250
		Metinvest B.V.
EUR	1,755,000	5.63%, 06/17/2025(1)		1,999,372
$	2,865,000	7.75%, 10/17/2029(1)		2,927,199
	275,000	Steel Dynamics, Inc. 5.50%, 10/01/2024		283,280
				5,509,101
		IT Services - 0.7%
		Apple, Inc.
	5,360,000	2.20%, 09/11/2029		5,259,373
	885,000	3.45%, 02/09/2045		932,891

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 27.7% - (continued)
		IT Services - 0.7% - (continued)
		International Business Machines Corp.
$	2,005,000	3.00%, 05/15/2024	$	2,080,625
	3,115,000	3.30%, 05/15/2026		3,288,377
	2,885,000	3.50%, 05/15/2029		3,103,994
				14,665,260
		Leisure Time - 0.0%
	150,000	VOC Escrow Ltd. 5.00%, 02/15/2028(1)		157,125
		Lodging - 0.1%
	290,000	Hilton Domestic Operating Co., Inc. 5.13%, 05/01/2026		305,225
	975,000	Las Vegas Sands Corp. 3.50%, 08/18/2026		1,003,073
		Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.
	59,000	5.25%, 05/15/2027(1)		62,687
	91,000	5.50%, 03/01/2025(1)		97,370
				1,468,355
		Machinery - Construction & Mining - 0.0%
	365,000	Oshkosh Corp. 5.38%, 03/01/2025		376,406
		Media - 1.5%
		CBS Corp.
	850,000	3.70%, 06/01/2028		891,384
	1,030,000	4.20%, 06/01/2029		1,122,547
		CCO Holdings LLC / CCO Holdings Capital Corp.
	150,000	5.13%, 05/01/2027(1)		158,250
	145,000	5.75%, 02/15/2026(1)		152,978
		Charter Communications Operating LLC / Charter Communications Operating Capital
	815,000	4.80%, 03/01/2050		859,421
	1,245,000	5.13%, 07/01/2049		1,354,997
	1,090,000	6.48%, 10/23/2045		1,351,302
		Comcast Corp.
	490,000	3.20%, 07/15/2036		501,668
	2,055,000	3.25%, 11/01/2039		2,087,611
	745,000	3.95%, 10/15/2025		813,102
	95,000	4.05%, 11/01/2052		106,435
	725,000	4.15%, 10/15/2028		816,599
	70,000	4.25%, 10/15/2030		80,070
	645,000	4.60%, 10/15/2038		769,012
	440,000	4.95%, 10/15/2058		573,417
		Cox Communications, Inc.
	3,952,000	3.15%, 08/15/2024(1)		4,063,995
	480,000	4.80%, 02/01/2035(1)		531,722
	430,000	CSC Holdings LLC 5.50%, 04/15/2027(1)		461,755
		Discovery Communications LLC
	840,000	3.80%, 03/13/2024		886,738
	19,000	3.95%, 06/15/2025		20,286
	905,000	5.00%, 09/20/2037		1,022,818
	1,470,000	6.35%, 06/01/2040		1,870,531
	555,000	DISH DBS Corp. 5.88%, 11/15/2024		567,141
	1,500,000	NBCUniversal Media LLC 5.95%, 04/01/2041		2,064,026
	220,000	TEGNA, Inc. 5.50%, 09/15/2024(1)		227,700
	4,665,000	Time Warner Entertainment Co. L.P. 8.38%, 07/15/2033		6,543,424
		Viacom, Inc.
	1,480,000	4.25%, 09/01/2023		1,576,310
	55,000	5.88%, 02/28/2057, (5.88% fixed rate until 02/28/2022; 3 mo. USD LIBOR + 3.895% thereafter)(7)		57,200
	79,000	6.25%, 02/28/2057, (6.25% fixed rate until 02/28/2027; 3 mo. USD LIBOR + 3.899% thereafter)(7)		87,611
	550,000	Videotron Ltd. 5.38%, 06/15/2024(1)		605,000
				32,225,050

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

121

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 27.7% - (continued)
		Mining - 0.2%
		Anglo American Capital plc
$	775,000	4.50%, 03/15/2028(1)(6)	$	830,620
	850,000	4.75%, 04/10/2027(1)		929,799
	1,945,000	4.88%, 05/14/2025(1)		2,137,311
	135,000	Kaiser Aluminum Corp. 4.63%, 03/01/2028(1)		138,510
				4,036,240
		Miscellaneous Manufacturing - 0.0%
	930,000	Ingersoll-Rand Global Holding Co., Ltd. 2.90%, 02/21/2021		938,545
		Office/Business Equipment - 0.0%
	280,000	CDW LLC / CDW Finance Corp. 4.25%, 04/01/2028		293,650
		Oil & Gas - 1.3%
	150,000	Aker BP ASA 5.88%, 03/31/2025(1)		159,375
	685,000	Apache Corp. 4.25%, 01/15/2030(6)		710,495
CAD	1,300,000	Canadian Natural Resources Ltd. 2.05%, 06/01/2020		1,000,796
$	965,000	Continental Resources, Inc. 4.38%, 01/15/2028		1,026,162
	860,000	EnCana Corp. 3.90%, 11/15/2021		880,765
		Hess Corp.
	105,000	6.00%, 01/15/2040		124,074
	2,397,000	7.13%, 03/15/2033		3,031,811
	860,000	7.30%, 08/15/2031		1,096,069
	850,000	Medco Oak Tree Pte Ltd. 7.38%, 05/14/2026(1)		866,072
	295,000	MEG Energy Corp. 6.50%, 01/15/2025(1)		306,829
	150,000	Nabors Industries, Inc. 4.63%, 09/15/2021		149,063
	930,000	Noble Energy, Inc. 5.05%, 11/15/2044		1,034,180
		Occidental Petroleum Corp.
	1,035,000	3.16%, 08/13/2021, 3 mo. USD LIBOR + 1.250%(2)		1,040,495
	65,000	4.50%, 07/15/2044		65,669
	1,415,000	6.95%, 07/01/2024		1,667,010
		Petroleos Mexicanos
	1,650,000	6.63%, 06/15/2035		1,690,425
	3,745,000	6.84%, 01/23/2030(1)		3,993,443
	405,000	7.69%, 01/23/2050(1)		441,993
	2,090,000	Pioneer Natural Resources Co. 7.50%, 01/15/2020		2,093,469
		QEP Resources, Inc.
	385,000	5.25%, 05/01/2023		381,150
	10,000	5.38%, 10/01/2022		10,050
	814,000	Saudi Arabian Oil Co. 2.88%, 04/16/2024(1)		826,291
		SM Energy Co.
	255,000	6.13%, 11/15/2022		257,550
	70,000	6.75%, 09/15/2026		68,600
	295,000	Sunoco L.P. / Sunoco Finance Corp. 5.50%, 02/15/2026		306,063
	2,320,000	Tullow Oil plc 7.00%, 03/01/2025(1)		1,953,022
	315,000	Valero Energy Corp. 4.35%, 06/01/2028		347,094
	190,000	WPX Energy, Inc. 5.25%, 09/15/2024		201,875
ARS	93,580,252	YPF S.A. 16.50%, 05/09/2022(1)		765,875
				26,495,765
		Packaging & Containers - 0.1%
$	200,000	Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc. 4.13%, 08/15/2026(1)		205,000
	695,000	Owens-Brockway Glass Container, Inc. 5.88%, 08/15/2023(1)		741,913
	295,000	Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 5.13%, 07/15/2023(1)		302,006
				1,248,919

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 27.7% - (continued)
		Pharmaceuticals - 1.6%
		AbbVie, Inc.
$	2,500,000	2.95%, 11/21/2026(1)	$	2,545,409
	4,235,000	3.20%, 11/21/2029(1)		4,308,496
	2,450,000	4.25%, 11/21/2049(1)		2,601,455
	1,115,000	Allergan Finance LLC 4.63%, 10/01/2042		1,167,343
		Bausch Health Cos., Inc.
	315,000	6.50%, 03/15/2022(1)		322,088
	140,000	7.00%, 03/15/2024(1)		145,600
	95,000	Baxalta, Inc. 3.60%, 06/23/2022		97,530
		Bayer U.S. Finance LLC
	835,000	2.58%, 06/25/2021, 3 mo. USD LIBOR + 0.630%(8)		837,635
	2,515,000	4.25%, 12/15/2025(1)		2,714,314
	1,395,000	Bristol-Myers Squibb Co. 3.40%, 07/26/2029(1)		1,492,962
	5,365,000	Cigna Corp. 4.38%, 10/15/2028		5,943,819
		CVS Health Corp.
	1,640,000	5.05%, 03/25/2048		1,943,443
	1,485,000	5.13%, 07/20/2045		1,761,679
	2,360,000	GlaxoSmithKline Capital, Inc. 3.63%, 05/15/2025		2,533,903
	275,000	Mylan N.V. 5.25%, 06/15/2046		309,309
	1,080,000	Mylan, Inc. 4.55%, 04/15/2028		1,162,693
	1,525,000	Shire Acquisitions Investments Ireland DAC 2.40%, 09/23/2021		1,533,674
	2,965,000	Teva Pharmaceutical Finance Netherlands B.V. 3.15%, 10/01/2026		2,468,362
				33,889,714
		Pipelines - 1.2%
	280,000	Cheniere Corpus Christi Holdings LLC 5.88%, 03/31/2025		314,849
	65,000	Cheniere Energy Partners L.P. 4.50%, 10/01/2029(1)		66,794
	215,000	DCP Midstream Operating L.P. 5.60%, 04/01/2044		208,012
CAD	1,300,000	Enbridge, Inc. 4.53%, 03/09/2020		1,005,301
		Energy Transfer Operating L.P.
$	650,000	4.50%, 04/15/2024		692,018
	1,205,000	4.95%, 06/15/2028		1,320,457
	1,390,000	5.25%, 04/15/2029		1,561,957
	555,000	5.50%, 06/01/2027		623,962
	940,000	6.13%, 12/15/2045		1,090,142
	380,000	6.25%, 04/15/2049		458,589
		EQM Midstream Partners L.P.
	1,066,000	4.13%, 12/01/2026		1,005,490
	1,005,000	5.50%, 07/15/2028		987,848
		MPLX L.P.
	1,120,000	4.25%, 12/01/2027(1)		1,179,263
	1,135,000	4.70%, 04/15/2048		1,156,495
	325,000	5.20%, 03/01/2047		351,394
	335,000	5.20%, 12/01/2047(1)		356,758
	155,000	5.50%, 02/15/2049		176,093
	211,000	6.25%, 10/15/2022(1)		215,161
	825,000	ONEOK, Inc. 3.40%, 09/01/2029		838,313
	625,000	Phillips 66 Partners L.P. 3.15%, 12/15/2029		622,814
		Sabine Pass Liquefaction LLC
	625,000	4.20%, 03/15/2028		662,530
	287,000	5.63%, 03/01/2025		323,251
		Sunoco Logistics Partners Operations L.P.
	960,000	4.00%, 10/01/2027		993,262
	175,000	5.30%, 04/01/2044		186,257
	180,000	5.35%, 05/15/2045		193,580
		Texas Eastern Transmission L.P.
	785,000	2.80%, 10/15/2022(1)		792,848
	165,000	3.50%, 01/15/2028(1)		169,518

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

122

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 27.7% - (continued)
		Pipelines - 1.2% - (continued)
		TransCanada PipeLines Ltd.
$	1,810,000	4.63%, 03/01/2034	$	2,064,629
	45,000	6.10%, 06/01/2040		59,579
	825,000	Valero Energy Partners L.P. 4.50%, 03/15/2028		909,022
		Western Midstream Operating L.P.
	2,155,000	4.50%, 03/01/2028		2,127,601
	1,165,000	4.75%, 08/15/2028		1,175,509
	110,000	5.50%, 08/15/2048		96,758
		Williams Cos., Inc.
	72,000	4.90%, 01/15/2045		77,741
	430,000	5.10%, 09/15/2045		479,500
	265,000	5.80%, 11/15/2043		315,617
	243,000	6.30%, 04/15/2040		301,492
				25,160,404
		Real Estate Investment Trusts - 0.1%
	570,000	Equinix, Inc. 5.88%, 01/15/2026		604,918
	2,240,000	SBA Tower Trust 2.84%, 01/15/2025(1)		2,262,832
	160,000	VICI Properties L.P. / VICI Note Co., Inc. 4.25%, 12/01/2026(1)		164,800
				3,032,550
		Retail - 0.3%
	150,000	1011778 BC ULC / New Red Finance, Inc. 4.25%, 05/15/2024(1)		153,750
		Lowe’s Cos., Inc.
	3,075,000	3.38%, 09/15/2025		3,248,784
	95,000	3.70%, 04/15/2046		96,911
	1,035,000	McDonald’s Corp. 3.35%, 04/01/2023		1,078,060
CAD	1,715,000	Nissan Canada, Inc. 1.75%, 04/09/2020		1,319,476
$	315,000	Suburban Propane Partners L.P. / Suburban Energy Finance Corp. 5.88%, 03/01/2027		327,600
	445,000	United Rentals North America, Inc. 4.88%, 01/15/2028		463,347
	230,000	William Carter Co. 5.63%, 03/15/2027(1)		247,250
				6,935,178
		Semiconductors - 0.6%
	4,990,000	Broadcom Corp. / Broadcom Cayman Finance Ltd. 3.88%, 01/15/2027		5,183,402
	1,615,000	Broadcom, Inc. 4.75%, 04/15/2029(1)		1,765,975
	272,000	Entegris, Inc. 4.63%, 02/10/2026(1)		281,520
	745,000	Intel Corp. 4.10%, 05/19/2046		860,115
	2,725,000	NXP B.V. / NXP Funding LLC 4.88%, 03/01/2024(1)		2,972,079
	270,000	Qorvo, Inc. 5.50%, 07/15/2026		287,550
	355,000	Sensata Technologies B.V. 5.00%, 10/01/2025(1)		385,619
	310,000	Sensata Technologies UK Financing Co. plc 6.25%, 02/15/2026(1)		334,025
				12,070,285
		Software - 0.3%
		CDK Global, Inc.
	150,000	4.88%, 06/01/2027		158,438
	30,000	5.88%, 06/15/2026		32,048
	500,000	Fidelity National Information Services, Inc. 4.25%, 05/15/2028		560,465
	1,710,000	Fiserv, Inc. 3.20%, 07/01/2026		1,770,954
	200,000	IQVIA, Inc. 5.00%, 05/15/2027(1)		211,571
		Microsoft Corp.
	1,160,000	3.70%, 08/08/2046		1,311,674
	750,000	3.95%, 08/08/2056		888,871
	465,000	MSCI, Inc. 5.75%, 08/15/2025(1)		487,669
	260,000	Open Text Corp. 5.88%, 06/01/2026(1)		278,200
	795,000	Oracle Corp. 4.00%, 11/15/2047		889,422

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 27.7% - (continued)
		Software - 0.3% - (continued)
$	310,000	Western Digital Corp. 4.75%, 02/15/2026	$	323,175
				6,912,487
		Telecommunications - 2.3%
		AT&T, Inc.
	2,035,000	2.80%, 02/17/2021		2,053,328
	165,000	2.95%, 07/15/2026		168,215
	2,380,000	3.80%, 02/15/2027		2,537,158
	165,000	3.88%, 01/15/2026		176,831
	120,000	4.13%, 02/17/2026		130,072
	4,444,000	4.30%, 02/15/2030		4,938,133
	1,970,000	4.35%, 03/01/2029		2,191,650
	390,000	4.35%, 06/15/2045		421,049
	7,400,000	GTP Acquisition Partners LLC 3.48%, 06/15/2050(1)		7,594,746
		Nokia Oyj
	5,000	4.38%, 06/12/2027		5,213
	575,000	6.63%, 05/15/2039		665,866
	4,375,000	SoftBank Group Corp. 6.00%, 07/19/2023, (6.00% fixed rate until 07/19/2023; 5 year USD ICE Swap + 4.226% thereafter)(7)(8)(9)		4,189,062
	425,000	Sprint Corp. 7.13%, 06/15/2024		458,469
	2,375,000	Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 5.15%, 09/20/2029(1)		2,588,750
		Telecom Italia Capital S.A.
	265,000	6.00%, 09/30/2034		284,213
	160,000	7.72%, 06/04/2038		196,800
	2,310,000	Telefonica Celular del Paraguay S.A. 5.88%, 04/15/2027(1)		2,468,813
		Telefonica Emisiones S.A.
	555,000	4.67%, 03/06/2038		620,931
	925,000	4.90%, 03/06/2048		1,059,159
	825,000	5.21%, 03/08/2047		979,197
	1,000,000	5.52%, 03/01/2049		1,254,572
		Verizon Communications, Inc.
	915,000	3.88%, 02/08/2029		1,009,349
	965,000	4.02%, 12/03/2029		1,075,729
	2,603,000	4.27%, 01/15/2036		2,948,036
	3,185,000	4.40%, 11/01/2034		3,692,232
	1,735,000	4.50%, 08/10/2033		2,025,283
	100,000	4.81%, 03/15/2039		120,716
	420,000	5.01%, 08/21/2054		541,795
	230,000	5.25%, 03/16/2037		288,864
	820,000	Vodafone Group plc 4.25%, 09/17/2050		855,918
				47,540,149
		Transportation - 0.4%
		CSX Corp.
	1,065,000	2.40%, 02/15/2030		1,042,061
	1,400,000	3.25%, 06/01/2027		1,472,819
	415,000	3.35%, 09/15/2049		409,336
	405,000	4.30%, 03/01/2048		460,111
	170,000	4.50%, 03/15/2049		199,247
	400,000	Norfolk Southern Corp. 3.40%, 11/01/2049		397,405
	2,975,000	Union Pacific Corp. 4.38%, 09/10/2038		3,411,056
				7,392,035
		Water - 0.0%
	905,000	American Water Capital Corp. 4.15%, 06/01/2049		1,025,213
		Total Corporate Bonds (cost $551,590,629)	$	578,354,390

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

123

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
FOREIGN GOVERNMENT OBLIGATIONS - 4.3%
		Argentina - 0.0%
EUR	1,780,000	Argentine Republic Government International Bond 5.25%, 01/15/2028(8)	$	857,950
		Dominican Republic - 0.3%
$	4,890,000	Dominican Republic International Bond 6.40%, 06/05/2049(1)		5,360,662
		Egypt - 0.0%
	720,000	Egypt Government International Bond 8.50%, 01/31/2047(8)		798,754
		Ghana - 0.1%
	2,135,000	Ghana Government International Bond 7.63%, 05/16/2029(8)		2,174,177
		Hungary - 0.0%
	710,000	Hungary Government International Bond 6.38%, 03/29/2021		748,205
		Italy - 0.1%
		Italy Buoni Ordinari del Tesoro BOT
EUR	755,000	0.30%, 02/28/2020(8)(10)		847,302
	1,135,000	0.36%, 01/14/2020(8)(10)		1,273,223
				2,120,525
		Japan - 1.0%
		Japan Treasury Discount Bill
JPY	548,500,000	0.15%, 02/17/2020(10)		5,049,117
	457,850,000	0.15%, 05/11/2020(10)		4,216,083
	686,800,000	0.17%, 02/10/2020(10)		6,322,039
	285,650,000	0.22%, 01/27/2020(10)		2,629,259
	228,950,000	0.30%, 01/08/2020(10)		2,107,176
				20,323,674
		Panama - 0.1%
$	1,110,000	Panama Government International Bond 3.16%, 01/23/2030		1,143,300
		Romania - 0.5%
		Romanian Government International Bond
EUR	785,000	3.88%, 10/29/2035(8)		1,022,212
	4,440,000	4.63%, 04/03/2049(8)		6,141,649
	1,222,000	4.63%, 04/03/2049(1)		1,690,337
$	1,176,000	6.13%, 01/22/2044(8)		1,521,847
				10,376,045
		Senegal - 0.1%
	2,115,000	Senegal Government International Bond 6.25%, 05/23/2033(8)		2,221,736
		Supranational - 1.8%
NZD	15,745,000	Asian Development Bank 3.00%, 01/17/2023		11,020,088
		Inter-American Development Bank
CAD	14,175,000	1.70%, 10/10/2024		10,757,739
AUD	14,230,000	2.75%, 10/30/2025(8)		10,652,155
CAD	7,200,000	International Finance Corp. 1.38%, 09/13/2024		5,385,182
				37,815,164
		Tunisia - 0.2%
		Banque Centrale de Tunisie International Bond
EUR	1,405,000	6.38%, 07/15/2026(1)		1,562,107
	1,805,000	6.75%, 10/31/2023(1)		2,091,106
				3,653,213
		United Arab Emirates - 0.1%
$	2,665,000	Abu Dhabi Government International Bond 3.13%, 09/30/2049(1)		2,598,375
		Uruguay - 0.0%
	205,000	Uruguay Government International Bond 4.98%, 04/20/2055		241,551
		Total Foreign Government Obligations (cost $89,858,655)	$	90,433,331

Shares or Principal Amount			Market Value†
MUNICIPAL BONDS - 1.0%
		Development - 0.0%
		California State, GO Taxable
$	110,000	7.30%, 10/01/2039	$	167,972
	105,000	7.60%, 11/01/2040		173,325
	175,000	7.63%, 03/01/2040		280,215
				621,512
		Education - 0.2%
		Chicago, IL, Board of Education, GO
	365,000	6.04%, 12/01/2029		395,653
	985,000	6.14%, 12/01/2039		1,069,927
	1,750,000	6.32%, 11/01/2029		1,951,827
				3,417,407
		General - 0.3%
	5,445,000	Philadelphia Auth for Industrial Dev 6.55%, 10/15/2028		6,794,652
		General Obligation - 0.4%
		California State, GO Taxable
	115,000	7.35%, 11/01/2039		176,654
	1,570,000	7.55%, 04/01/2039		2,518,312
		State of Illinois, GO
	3,345,164	4.95%, 06/01/2023(6)		3,490,979
	280,000	5.00%, 01/01/2023		294,179
	610,000	5.56%, 02/01/2021		626,848
	980,000	5.95%, 04/01/2022		1,044,004
				8,150,976
		Utility - Electric - 0.1%
	1,577,000	Municipal Electric Auth, GA 6.64%, 04/01/2057		2,123,399
		Total Municipal Bonds (cost $20,110,699)	$	21,107,946
SENIOR FLOATING RATE INTERESTS - 2.5%(11)
		Advertising - 0.0%
$	349,484	Acosta, Inc. 7.00%, 09/26/2021, 1 mo. USD LIBOR + 3.250%	$	81,954
	309,225	Clear Channel Outdoor Holdings, Inc. 5.30%, 08/21/2026, 1 mo. USD LIBOR + 3.500%		310,660
				392,614
		Aerospace/Defense - 0.1%
	299,855	Circor International, Inc. 5.24%, 12/11/2024, 1 mo. USD LIBOR + 3.500%		300,754
	567,946	TransDigm, Inc. 4.30%, 06/09/2023, 1 mo. USD LIBOR + 2.500%		569,485
				870,239
		Agriculture - 0.0%
	750,718	Pinnacle Operating Corp. 7.30%, 11/15/2021, 1 mo. USD LIBOR + 5.500%		739,457
		Airlines - 0.0%
	280,000	WestJet Airlines Ltd. 0.00%, 12/11/2026, 1 mo. USD LIBOR + 3.000%(12)		282,251
		Auto Manufacturers - 0.0%
	152,288	Navistar International Corp. 5.24%, 11/06/2024, 1 mo. USD LIBOR + 3.500%		151,652
		Auto Parts & Equipment - 0.1%
	233,825	Adient U.S. LLC 6.18%, 05/06/2024, 1 mo. USD LIBOR + 4.250%		234,936
	199,813	Altra Industrial Motion Corp. 3.80%, 10/01/2025, 1 mo. USD LIBOR + 2.000%		200,229

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

124

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
SENIOR FLOATING RATE INTERESTS - 2.5%(11) - (continued)
		Auto Parts & Equipment - 0.1% - (continued)
		Panther BF Aggregator L.P.
EUR	710,000	3.75%, 04/30/2026, 1 mo. EURIBOR + 3.750%	$	799,147
$	473,813	5.31%, 04/30/2026, 1 mo. USD LIBOR + 3.500%		474,703
				1,709,015
		Biotechnology - 0.0%
EUR	100,000	Grifols S.A. 2.25%, 11/15/2027		113,067
		Chemicals - 0.1%
	185,986	CTC AcquiCo GmbH 2.50%, 03/07/2025, 3 mo. EURIBOR + 2.500%		206,772
$	119,400	Hexion, Inc. 5.60%, 07/01/2026, 1 mo. USD LIBOR + 3.500%		119,848
	123,438	LTI Holdings, Inc. 5.30%, 09/06/2025, 1 mo. USD LIBOR + 3.500%		110,521
		Starfruit Finco B.V.
EUR	100,000	3.75%, 10/01/2025, 3 mo. EURIBOR + 3.750%		112,824
$	96,715	4.96%, 10/01/2025, 1 mo. USD LIBOR + 3.250%		96,635
		Univar, Inc.
	100,000	0.00%, 07/01/2026(12)		100,350
	350,013	4.05%, 07/01/2024, 1 mo. USD LIBOR + 2.250%		351,238
				1,098,188
		Coal - 0.0%
	686,686	Foresight Energy LLC 7.66%, 03/28/2022, 3 mo. USD LIBOR + 5.750%	$	292,824
		Commercial Services - 0.2%
		Allied Universal Holdco LLC
	189,565	6.05%, 07/10/2026, 3 mo. USD LIBOR + 4.250%		190,513
	18,768	6.06%, 07/10/2026, 1 mo. USD LIBOR + 4.250%(13)		18,862
	276,500	APX Group, Inc. 6.85%, 04/01/2024, 2 mo. USD LIBOR + 5.000%		276,586
	122,188	Ascend Learning LLC 4.80%, 07/12/2024, 1 mo. USD LIBOR + 3.000%		122,875
	100,000	Belron Finance U.S. LLC 4.44%, 11/07/2026, 1 mo. USD LIBOR + 2.500%		100,313
	375,166	Blackhawk Network Holdings, Inc. 4.80%, 06/15/2025, 1 mo. USD LIBOR + 3.000%		374,776
	123,023	Capital Automotive L.P. 7.80%, 03/24/2025, 1 mo. USD LIBOR + 6.000%		123,208
	415,000	Dun & Bradstreet Corp. 6.79%, 02/06/2026, 1 mo. USD LIBOR + 5.000%		418,287
	66,000	Energizer Holdings, Inc. 4.00%, 12/17/2025, 1 mo. USD LIBOR + 2.250%		66,274
	105,000	Garda World Security Corp. 6.66%, 10/30/2026, 1 mo. USD LIBOR + 4.750%		105,591
	605,769	Quikrete Holdings, Inc. 4.55%, 11/15/2023, 1 mo. USD LIBOR + 2.750%		607,823
EUR	211,950	Techem GmbH 3.50%, 07/31/2025, 3 mo. EURIBOR + 3.500%		238,735
$	1,004,250	Tempo Acquisition LLC 4.55%, 05/01/2024, 1 mo. USD LIBOR + 3.000%		1,009,482
EUR	135,000	Verisure Holding AB 3.50%, 10/21/2022, 3 mo. EURIBOR + 3.500%		152,064
$	121,084	Weight Watchers International, Inc. 6.72%, 11/29/2024, 3 mo. USD LIBOR + 4.750%		121,236

Shares or Principal Amount			Market Value†
SENIOR FLOATING RATE INTERESTS - 2.5%(11) - (continued)
		Commercial Services - 0.2% - (continued)
$	414,357	Xerox Business Services LLC 4.30%, 12/07/2023, 1 mo. USD LIBOR + 2.500%	$	412,285
				4,338,910
		Construction Materials - 0.0%
	265,950	NCI Building Systems, Inc. 5.49%, 04/12/2025, 3 mo. USD LIBOR + 3.750%		265,035
		Distribution/Wholesale - 0.1%
	972,563	American Builders & Contractors Supply Co., Inc. 3.80%, 01/15/2027, 1 mo. USD LIBOR + 2.000%		976,822
	175,000	SRS Distribution, Inc. 0.00%, 05/23/2025, 1 mo. USD LIBOR + 4.500%(12)		175,219
				1,152,041
		Diversified Financial Services - 0.1%
		AlixPartners LLP
EUR	99,250	3.25%, 04/04/2024, 3 mo. EURIBOR + 3.250%		111,839
$	457,075	4.55%, 04/04/2024, 3 mo. USD LIBOR + 2.750%		459,219
	153,450	Aretec Group, Inc. 6.05%, 10/01/2025, 3 mo. USD LIBOR + 4.250%		151,245
		Crown Finance U.S., Inc.
EUR	33,186	2.38%, 02/28/2025, 1 mo. EURIBOR + 2.375%		37,280
$	183,844	4.05%, 02/28/2025, 1 mo. USD LIBOR + 2.250%		183,593
	227,700	Financial & Risk U.S. Holdings, Inc. 5.05%, 10/01/2025, 1 mo. USD LIBOR + 3.750%		229,635
	138,950	Minotaur Acquisition, Inc. 6.80%, 03/27/2026, 1 mo. USD LIBOR + 5.000%		136,171
EUR	185,208	Nets Holding A/S 3.25%, 02/06/2025, 3 mo. EURIBOR + 3.250%		206,857
$	276,450	RP Crown Parent LLC 4.56%, 10/12/2023, 1 mo. USD LIBOR + 2.750%		278,006
	99,486	UFC Holdings LLC 5.05%, 04/29/2026, 1 mo. USD LIBOR + 3.250%		100,066
	207,709	Victory Capital Holdings, Inc. 5.35%, 07/01/2026, 1 mo. USD LIBOR + 3.250%		209,007
				2,102,918
		Electric - 0.0%
	320,150	Seadrill Partners Finco LLC 7.95%, 02/21/2021, 3 mo. USD LIBOR + 6.000%		159,374
		Electronics - 0.0%
	125,000	Pitney Bowes, Inc. 0.00%, 12/05/2026, 1 mo. USD LIBOR + 4.000%(12)		123,476
		Energy - Alternate Sources - 0.0%
	261,025	BCP Renaissance Parent LLC 5.45%, 10/31/2024, 3 mo. USD LIBOR + 3.500%		230,681
	98,000	Medallion Midland Acquisition LLC 5.05%, 10/30/2024, 1 mo. USD LIBOR + 3.250%		96,775
				327,456
		Engineering & Construction - 0.0%
	731,250	Brand Energy & Infrastructure Services, Inc. 6.24%, 06/21/2024, 3 mo. USD LIBOR + 4.250%		728,508

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

125

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
SENIOR FLOATING RATE INTERESTS - 2.5%(11) - (continued)
		Entertainment - 0.0%
$	426,319	Scientific Games International, Inc. 4.55%, 08/14/2024, 2 mo. USD LIBOR + 2.750%	$	427,031
	118,500	Wyndham Hotels & Resorts, Inc. 3.55%, 05/30/2025, 1 mo. USD LIBOR + 1.750%		119,029
				546,060
		Food - 0.1%
	99,750	B&G Foods, Inc. 4.30%, 10/10/2026, 1 mo. USD LIBOR + 2.500%		100,456
	490,934	Hostess Brands LLC 4.14%, 08/03/2025, 1 mo. USD LIBOR + 2.250%		492,529
	249,375	U.S. Foods, Inc. 3.80%, 09/13/2026, 1 mo. USD LIBOR + 2.000%		250,233
				843,218
		Food Service - 0.0%
	99,000	8th Avenue Food & Provisions, Inc. 5.49%, 10/01/2025, 3 mo. USD LIBOR + 3.750%		99,330
		Aramark Services, Inc.
	110,000	0.00%, 01/27/2027(12)		110,516
	111,920	3.55%, 03/11/2025, 3 mo. USD LIBOR + 1.750%		112,304
				322,150
		Gas - 0.0%
	104,213	Messer Industries GmbH 4.45%, 03/01/2026, 1 mo. USD LIBOR + 2.500%		104,704
		Healthcare - Products - 0.0%
	209,250	Lifescan Global Corp. 8.06%, 10/01/2024, 3 mo. USD LIBOR + 6.000%		198,699
	206,952	Parexel International Corp. 4.55%, 09/27/2024, 1 mo. USD LIBOR + 2.750%		202,739
				401,438
		Healthcare - Services - 0.2%
	355,312	CDRH Parent, Inc. 6.15%, 07/01/2021, 3 mo. USD LIBOR + 4.250%		257,527
	100,000	CPI Holdco LLC 6.20%, 11/04/2026, 1 mo. USD LIBOR + 4.250%		100,250
	130,212	DentalCorp Perfect Smile ULC 5.55%, 06/06/2025, 1 mo. USD LIBOR + 3.750%		129,343
	272,250	Envision Healthcare Corp. 5.55%, 10/10/2025, 1 mo. USD LIBOR + 3.750%		231,549
	306,898	Global Medical Response, Inc. 5.04%, 04/28/2022, 1 mo. USD LIBOR + 3.250%		299,943
EUR	216,700	IQVIA, Inc. 2.00%, 06/11/2025, 3 mo. EURIBOR + 2.000%		243,750
$	676,019	Jaguar Holding Co. 4.30%, 08/18/2022, 3 mo. USD LIBOR + 2.500%		679,170
		MED ParentCo L.P.
	60,069	1.68%, 08/31/2026, 1 mo. USD LIBOR + 4.250%(13)		59,976
	240,088	6.05%, 08/31/2026, 1 mo. USD LIBOR + 4.250%		239,714
	455,175	MPH Acquisition Holdings LLC 4.70%, 06/07/2023, 3 mo. USD LIBOR + 2.750%		448,102
	201,377	Syneos Health, Inc. 3.80%, 08/01/2024, 1 mo. USD LIBOR + 2.000%		202,384
	550,000	Zelis Healthcare Corp. 6.55%, 09/30/2026, 1 mo. USD LIBOR + 4.750%		552,293
				3,444,001

Shares or Principal Amount			Market Value†
SENIOR FLOATING RATE INTERESTS - 2.5%(11) - (continued)
		Household Products - 0.0%
$	289,100	Diamond (BC) B.V. 4.93%, 09/06/2024, 2 mo. USD LIBOR + 3.000%	$	282,451
	290,250	Revlon Consumer Products Corp. 5.41%, 09/07/2023, 1 mo. USD LIBOR + 3.500%		221,405
				503,856
		Insurance - 0.1%
		Asurion LLC
	735,864	4.80%, 08/04/2022, 1 mo. USD LIBOR + 3.000%		739,698
	548,558	4.80%, 11/03/2023, 1 mo. USD LIBOR + 3.000%		551,399
	375,000	8.30%, 08/04/2025, 1 mo. USD LIBOR + 6.500%		379,313
	221,625	Hub International Ltd. 4.69%, 04/25/2025, 2 mo. USD LIBOR + 3.000%		221,332
		Sedgwick Claims Management Services, Inc.
	282,150	5.05%, 12/31/2025, 1 mo. USD LIBOR + 3.250%		282,063
	547,250	5.80%, 09/03/2026, 1 mo. USD LIBOR + 4.000%		551,699
				2,725,504
		Leisure Time - 0.1%
	436,258	Caesars Resort Collection LLC 4.55%, 12/23/2024, 1 mo. USD LIBOR + 2.750%		436,712
	795,546	Delta (LUX) S.a.r.l. 4.30%, 02/01/2024, 1 mo. USD LIBOR + 2.500%		798,282
	733,400	Golden Entertainment, Inc. 4.80%, 10/21/2024, 1 mo. USD LIBOR + 3.000%		735,234
	143,550	Penn National Gaming, Inc. 4.05%, 10/15/2025, 3 mo. USD LIBOR + 2.250%		143,998
				2,114,226
		Lodging - 0.0%
	172,902	Boyd Gaming Corp. 3.85%, 09/15/2023, 1 week USD LIBOR + 2.250%		173,934
	540,867	Caesars Entertainment Operating Co. 3.80%, 10/07/2024, 1 mo. USD LIBOR + 2.000%		543,668
				717,602
		Machinery - Construction & Mining - 0.0%
	267,300	Brookfield WEC Holdings, Inc. 5.30%, 08/01/2025, 1 mo. USD LIBOR + 3.500%		268,928
	84,887	Pike Corp. 5.05%, 07/24/2026, 1 mo. USD LIBOR + 3.250%		85,283
				354,211
		Machinery - Diversified - 0.0%
	262,106	Gates Global LLC 4.55%, 04/01/2024, 3 mo. USD LIBOR + 2.750%		262,106
		Media - 0.3%
	191,100	Altice Financing S.A. 4.52%, 01/31/2026, 3 mo. USD LIBOR + 2.750%		189,787
	487,076	AVSC Holding Corp. 5.09%, 03/03/2025, 3 mo. USD LIBOR + 3.250%		484,641
	1,520,621	Charter Communications Operating LLC 3.55%, 02/01/2027, 3 mo. USD LIBOR + 1.750%		1,529,182
	442,250	CSC Holdings LLC 4.24%, 04/15/2027, 1 mo. USD LIBOR + 2.500%		443,723
	161,432	Gray Television, Inc. 4.20%, 01/02/2026, 1 mo. ICE LIBOR + 2.500%		162,341

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

126

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
SENIOR FLOATING RATE INTERESTS - 2.5%(11) - (continued)
		Media - 0.3% - (continued)
$	275,000	Houghton Mifflin Harcourt Publishing Co. 0.00%, 11/22/2024(12)	$	273,166
	650,903	ION Media Networks, Inc. 4.81%, 12/18/2024, 1 mo. USD LIBOR + 3.000%		652,804
	265,455	MTN Infrastructure TopCo, Inc. 4.80%, 11/15/2024, 1 mo. USD LIBOR + 3.000%		265,190
	94,574	NASCAR Holdings, Inc. 4.50%, 10/19/2026, 1 mo. USD LIBOR + 2.750%		95,556
	290,000	Nexstar Broadcasting, Inc. 4.45%, 09/18/2026, 1 mo. USD LIBOR + 2.750%		291,351
	275,000	Shutterfly, Inc. 7.93%, 10/01/2026, 1 mo. USD LIBOR + 6.000%		257,353
	187,031	Sinclair Television Group, Inc. 4.24%, 09/30/2026, 1 mo. USD LIBOR + 2.500%		187,499
	220,000	Telenet Financing USD LLC 3.99%, 08/15/2026, 1 mo. USD LIBOR + 2.250%		221,054
	230,000	Terrier Media Buyer, Inc. 0.00%, 12/17/2026(12)		232,157
	90,868	Web.com Group, Inc. 5.50%, 10/10/2025, 3 mo. USD LIBOR + 3.750%		90,733
	124,407	William Morris Endeavor Entertainment LLC 4.61%, 05/18/2025, 1 mo. USD LIBOR + 2.750%		123,656
				5,500,193
		Metal Fabricate/Hardware - 0.0%
	233,251	Rexnord LLC 3.54%, 08/21/2024, 1 mo. USD LIBOR + 1.750%		234,214
		Miscellaneous Manufacturing - 0.1%
	124,700	H.B. Fuller Co. 3.77%, 10/20/2024, 1 mo. USD LIBOR + 2.000%		124,985
	99,750	Tamko Building Products, Inc. 5.14%, 06/01/2026, 1 mo. USD LIBOR + 3.250%		100,498
	522,963	USI, Inc. 4.95%, 05/16/2024, 3 mo. USD LIBOR + 3.000%		522,440
				747,923
		Oil & Gas - 0.1%
		BCP Raptor LLC
	154,766	6.05%, 06/24/2024, 2 mo. USD LIBOR + 4.250%		142,384
	114,425	6.55%, 11/03/2025, 1 mo. USD LIBOR + 4.750%		105,271
	455,000	California Resources Corp. 12.18%, 12/31/2021, 1 mo. USD LIBOR + 10.375%		337,460
	764,040	Fieldwood Energy LLC 7.18%, 04/11/2022, 1 mo. USD LIBOR + 5.250%		635,849
	212,313	NorthRiver Midstream Finance LP 5.35%, 10/01/2025, 3 mo. USD LIBOR + 3.250%		212,402
	690,293	PES Holdings LLC 6.62%, 12/31/2022, 1 mo. USD LIBOR + 6.990%(14)		260,013
	118,500	Traverse Midstream Partners LLC 5.80%, 09/27/2024, 3 mo. USD LIBOR + 4.000%		106,413
				1,799,792
		Oil & Gas Services - 0.0%
	149,250	Lower Cadence Holdings LLC 5.80%, 05/22/2026, 1 mo. USD LIBOR + 4.000%		147,292

Shares or Principal Amount			Market Value†
SENIOR FLOATING RATE INTERESTS - 2.5%(11) - (continued)
		Oil & Gas Services - 0.0% - (continued)
$	532,325	UGI Energy Services LLC 5.55%, 08/13/2026, 1 mo. USD LIBOR + 3.750%	$	534,987
				682,279
		Packaging & Containers - 0.1%
		Berry Global, Inc.
EUR	134,325	2.50%, 07/01/2026, 3 mo. EURIBOR + 2.500%		150,888
$	398,000	4.22%, 07/01/2026, 3 mo. USD LIBOR + 2.500%		398,665
	361,864	Flex Acquisition Co., Inc. 5.09%, 12/29/2023, 3 mo. USD LIBOR + 3.000%		358,397
	198,850	Proampac PG Borrower LLC 5.38%, 11/20/2023, 1 mo. USD LIBOR + 3.500%		195,495
	538,142	Reynolds Group Holdings, Inc. 4.55%, 02/05/2023, 1 mo. USD LIBOR + 2.750%		539,406
				1,642,851
		Pharmaceuticals - 0.1%
	439,150	Bausch Health Cos., Inc. 4.74%, 06/02/2025, 1 mo. USD LIBOR + 3.000%		441,345
	114,138	Catalent Pharma Solutions, Inc. 4.05%, 05/18/2026, 1 mo. USD LIBOR + 2.250%		114,458
	799,500	Endo Luxembourg Finance Co., S.a r.l. 6.06%, 04/29/2024, 1 mo. USD LIBOR + 4.250%		763,523
	545,000	Sunshine Luxembourg S.a.r.l. 6.20%, 10/01/2026, 1 mo. USD LIBOR + 4.250%		549,573
				1,868,899
		Real Estate - 0.0%
	286,364	VICI Properties LLC 3.79%, 12/20/2024, 1 mo. USD LIBOR + 2.000%		287,546
		Retail - 0.1%
	654,925	Bass Pro Group LLC 6.80%, 09/25/2024, 1 mo. USD LIBOR + 5.000%		652,469
	388,409	Coty, Inc. 3.96%, 04/07/2025, 1 mo. USD LIBOR + 2.250%		379,992
	490,155	Harbor Freight Tools USA, Inc. 4.30%, 08/18/2023, 1 mo. USD LIBOR + 2.500%		487,876
	314,866	Neiman Marcus Group Ltd. LLC 7.71%, 10/25/2023, 1 mo. USD LIBOR + 6.000%		258,977
	133,313	Rodan & Fields LLC 5.74%, 06/16/2025, 1 mo. USD LIBOR + 4.000%		77,321
	384,182	Staples, Inc. 6.69%, 04/16/2026, 3 mo. USD LIBOR + 5.000%		377,125
	495,694	U.S. Foods, Inc. 3.55%, 06/27/2023, 1 mo. USD LIBOR + 2.000%		497,037
				2,730,797
		Semiconductors - 0.0%
	89,610	Cabot Microelectronics Corp. 3.81%, 11/14/2025, 1 mo. USD LIBOR + 2.000%		89,946
	120,727	Microchip Technology, Inc. 3.80%, 05/29/2025, 1 mo. USD LIBOR + 2.000%		121,331
				211,277
		Software - 0.3%
	510,701	Almonde, Inc. 5.70%, 06/13/2024, 3 mo. USD LIBOR + 3.500%		506,447

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

127

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
SENIOR FLOATING RATE INTERESTS - 2.5%(11) - (continued)
		Software - 0.3% - (continued)
$	565,184	Change Healthcare Holdings LLC 4.30%, 03/01/2024, 1 mo. USD LIBOR + 2.500%	$	566,687
	285,000	DCert Buyer, Inc. 5.80%, 10/16/2026, 1 mo. USD LIBOR + 4.000%		285,641
	341,416	Epicor Software Corp. 5.05%, 06/01/2022, 1 mo. USD LIBOR + 3.250%		342,953
	804,506	Hyland Software, Inc. 5.30%, 07/01/2024, 1 mo. USD LIBOR + 3.250%		808,030
	719,723	Infor U.S., Inc. 4.70%, 02/01/2022, 1 mo. USD LIBOR + 2.750%		722,551
	390,000	Playtika Holding Corp. 0.00%, 12/10/2024(12)		393,705
	138,600	Quest Software U.S. Holdings, Inc. 6.18%, 05/16/2025, 3 mo. USD LIBOR + 4.250%		137,128
	57,564	SS&C Technologies Holdings Europe S.a.r.l. 4.05%, 04/16/2025, 1 mo. USD LIBOR + 2.250%		57,934
	408,853	SS&C Technologies, Inc. 4.05%, 04/16/2025, 1 mo. USD LIBOR + 2.250%		411,391
	139,650	Ultimate Software Group, Inc. 5.55%, 05/04/2026, 1 mo. USD LIBOR + 3.750%		140,457
	1,330,146	WEX, Inc. 4.05%, 05/15/2026, 1 mo. USD LIBOR + 2.250%		1,337,355
				5,710,279
		Telecommunications - 0.2%
	690,581	Altice France S.A. 5.43%, 01/31/2026, 3 mo. USD LIBOR + 3.688%		690,581
	197,980	CenturyLink, Inc. 4.55%, 01/31/2025, 1 mo. USD LIBOR + 2.750%		198,673
	202,397	Level 3 Financing Inc. 3.55%, 03/01/2027, 1 mo. USD LIBOR + 1.750%		203,030
	135,000	Liberty Latin America Ltd. 6.74%, 10/22/2026, 1 mo. USD LIBOR + 5.000%		136,519
		Sprint Communications, Inc.
	991,950	4.31%, 02/02/2024, 1 mo. USD LIBOR + 2.500%		982,279
	99,000	4.81%, 02/02/2024, 1 mo. USD LIBOR + 3.000%		98,505
	642,416	Univision Communications, Inc. 4.55%, 03/15/2024, 1 mo. USD LIBOR + 2.750%		633,435
	158,000	Zacapa LLC 6.95%, 07/02/2025, 1 mo. USD LIBOR + 5.000%		159,054
	361,056	Zayo Group LLC 4.05%, 01/19/2024, 1 mo. USD LIBOR + 2.250%		361,977
				3,464,053
		Transportation - 0.0%
	221,250	Savage Enterprises LLC 5.74%, 08/01/2025, 1 mo. USD LIBOR + 4.000%		223,699
		Total Senior Floating Rate Interests (cost $53,935,565)	$	52,289,903
U.S. GOVERNMENT AGENCIES - 53.5%
		Mortgage-Backed Agencies - 53.5%
		FHLMC - 7.8%
$	115,551	0.00%, 11/15/2036(15)(16)	$	103,790
	52,532,115	0.13%, 10/25/2020(3)(5)		30,563
	20,978,853	0.61%, 03/25/2027(3)(5)		804,726
	1,856,418	1.75%, 10/15/2042		1,821,727
	719,095	2.50%, 05/15/2028(5)		49,858
	2,071,519	3.00%, 03/15/2028(5)		143,069
	2,068,870	3.00%, 08/01/2029		2,144,011

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT AGENCIES - 53.5% - (continued)
		FHLMC - 7.8% - (continued)
$	923,933	3.00%, 05/15/2032(5)	$	52,732
	753,379	3.00%, 03/15/2033(5)		80,384
	5,421,693	3.00%, 04/01/2033		5,575,842
	5,218,556	3.00%, 11/01/2036		5,346,152
	3,464,643	3.00%, 01/01/2037		3,549,341
	4,225,000	3.00%, 08/15/2043		4,285,755
	1,154,423	3.00%, 05/15/2046		1,189,067
	8,355,556	3.00%, 11/01/2046		8,581,040
	2,225,530	3.00%, 12/01/2046		2,288,070
	36,023	3.00%, 02/01/2048		36,719
	1,064,470	3.25%, 11/15/2041		1,102,962
	969,925	3.50%, 06/15/2026(5)		42,440
	388,759	3.50%, 09/15/2026(5)		30,659
	635,813	3.50%, 03/15/2027(5)		43,652
	4,316,460	3.50%, 08/01/2034		4,519,891
	2,676,130	3.50%, 03/15/2041(5)		225,563
	1,219,756	3.50%, 06/01/2046		1,272,159
	5,046,062	3.50%, 10/01/2047		5,243,225
	55,670,421	3.50%, 03/01/2048		57,866,354
	234,831	3.50%, 08/01/2048		243,909
	3,118,856	4.00%, 08/01/2025		3,254,775
	1,398,169	4.00%, 12/15/2026(5)		103,391
	2,381,480	4.00%, 07/15/2027(5)		170,943
	1,076,492	4.00%, 03/15/2028(5)		79,517
	604,253	4.00%, 06/15/2028(5)		49,297
	1,341,808	4.00%, 07/15/2030(5)		137,237
	997,616	4.00%, 11/15/2040		1,079,800
	3,522,919	4.00%, 05/01/2042		3,780,110
	1,095,589	4.00%, 08/01/2042		1,173,061
	1,459,194	4.00%, 09/01/2042		1,562,010
	282,160	4.00%, 07/01/2044		296,435
	264,373	4.00%, 06/01/2045		280,337
	1,444,357	4.00%, 02/01/2046		1,530,680
	593,467	4.00%, 09/01/2048		620,653
	3,890,413	4.00%, 11/01/2049		4,054,850
	764,630	4.00%, 12/01/2049		799,679
	711,278	4.50%, 09/01/2044		765,077
	2,189,358	4.75%, 07/15/2039		2,421,884
	59,537	5.00%, 02/01/2023		63,558
	125,327	5.00%, 08/01/2023		133,760
	78,788	5.00%, 03/01/2028		84,135
	35,610	5.00%, 08/01/2029		38,301
	65,512	5.00%, 07/01/2030		70,457
	330,508	5.00%, 03/01/2031		355,841
	512,690	5.00%, 05/01/2031		551,687
	847,042	5.00%, 09/01/2031		909,923
	627,216	5.00%, 11/01/2031		672,694
	186,140	5.00%, 07/01/2032		200,253
	1,008,746	5.00%, 09/15/2033(5)		181,312
	16,509	5.00%, 12/01/2034		17,643
	16,171	5.00%, 11/01/2035		17,842
	33,972	5.00%, 03/01/2039		37,418
	333,667	5.00%, 08/01/2039		368,159
	15,148	5.00%, 09/01/2039		16,714
	14,374	5.00%, 12/01/2039		15,861
	12,295	5.00%, 04/01/2041		13,360
	34,190	5.00%, 04/01/2044		37,664
	18,304	5.00%, 05/01/2044		19,688
	28,288	5.00%, 05/01/2047		30,349
	1,286,036	5.00%, 02/15/2048(5)		258,622
	79,512	5.00%, 08/01/2048		85,089
	28,180	5.00%, 11/01/2048		30,152
	143,950	5.00%, 01/01/2049		153,938
	830,346	5.00%, 02/01/2049		888,472
	4,209,953	5.00%, 03/01/2049		4,498,842

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

128

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT AGENCIES - 53.5% - (continued)
		FHLMC - 7.8% - (continued)
$	9,093,189	5.00%, 10/01/2049	$	9,708,380
	39,339	5.50%, 03/01/2028		42,397
	85,550	5.50%, 04/01/2033		95,349
	820,308	5.50%, 05/01/2034		923,871
	981	5.50%, 11/01/2035		1,073
	16,316	5.50%, 05/01/2037		18,316
	42,870	5.50%, 11/01/2037		48,189
	77,867	5.50%, 02/01/2038		87,489
	32,155	5.50%, 04/01/2038		36,096
	40,473	5.50%, 06/01/2038		45,453
	4,385,204	5.50%, 08/01/2038		4,927,390
	444,222	5.50%, 09/01/2038		498,742
	8,741	5.50%, 12/01/2039		9,846
	113,669	5.50%, 02/01/2040		127,620
	369,455	5.50%, 05/01/2040		414,813
	365,166	5.50%, 08/01/2040		409,936
	1,603,902	5.50%, 06/01/2041		1,799,649
	1,350	6.00%, 07/01/2029		1,487
	198,050	6.00%, 10/01/2032		227,200
	181,532	6.00%, 11/01/2032		202,641
	246,325	6.00%, 12/01/2032		282,569
	17,867	6.00%, 11/01/2033		20,498
	32,519	6.00%, 01/01/2034		37,297
	18,911	6.00%, 02/01/2034		21,696
	207,770	6.00%, 08/01/2034		238,206
	215,296	6.00%, 09/01/2034		246,798
	222,494	6.00%, 01/01/2035		247,049
	1,525,771	6.00%, 11/01/2037		1,750,700
	250	6.50%, 08/01/2032		278
	761,165	6.50%, 07/15/2036		857,424
	158,078	6.50%, 12/01/2037		178,744
	97	7.50%, 09/01/2029		104
	674	7.50%, 11/01/2031		739
				162,093,169
		FNMA - 9.6%
	124,580	0.00%, 03/25/2036(15)(16)		107,221
	1,031,362	0.00%, 06/25/2036(15)(16)		923,433
	11,894,253	1.57%, 05/25/2029(3)(5)		1,239,205
	2,149,226	1.75%, 12/25/2042		2,107,514
	1,656,527	2.00%, 09/25/2039		1,611,927
	1,068,899	2.00%, 08/25/2043		1,053,734
	2,922,121	2.13%, 05/25/2046(3)(5)		149,818
	2,851,874	2.26%, 04/25/2055(3)(5)		176,699
	2,104,936	2.28%, 06/25/2055(3)(5)		107,613
	741,039	2.50%, 06/25/2028(5)		47,123
	209,311	2.50%, 01/01/2043		207,331
	4,325,811	2.50%, 02/01/2043		4,304,953
	1,754,682	2.50%, 03/01/2043		1,746,221
	3,404,654	2.50%, 05/01/2043		3,388,270
	2,413,081	2.50%, 06/01/2043		2,401,468
	1,394,520	2.50%, 04/01/2045		1,387,794
	2,579,898	2.51%, 08/25/2044(3)(5)		139,791
	1,638,541	3.00%, 02/25/2027(5)		95,629
	678,885	3.00%, 09/25/2027(5)		49,574
	4,465,019	3.00%, 01/25/2028(5)		311,942
	3,366,653	3.00%, 03/01/2037		3,456,259
	1,577,207	3.00%, 05/25/2047		1,611,178
	5,885,717	3.00%, 09/25/2047		6,001,016
	4,737,140	3.00%, 06/25/2048		4,851,111
	4,025,916	3.00%, 10/25/2048		4,147,898
	4,454,456	3.00%, 08/25/2049		4,569,813
	4,349,000	3.13%, 01/01/2030		4,565,271
	472,171	3.24%, 12/01/2026		498,109
	735,298	3.50%, 05/25/2027(5)		58,699
	1,154,934	3.50%, 10/25/2027(5)		94,842

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT AGENCIES - 53.5% - (continued)
		FNMA - 9.6% - (continued)
$	1,322,259	3.50%, 05/25/2030(5)	$	129,416
	380,209	3.50%, 08/25/2030(5)		35,534
	821,089	3.50%, 02/25/2031(5)		59,551
	792,631	3.50%, 09/25/2035(5)		97,860
	1,723,973	3.50%, 10/01/2044		1,823,921
	2,013,594	3.50%, 02/01/2045		2,103,426
	3,886,268	3.50%, 09/01/2046		4,040,372
	1,911,126	3.50%, 10/01/2046		1,987,618
	785,046	3.50%, 10/25/2046(5)		159,345
	1,277,157	3.50%, 11/01/2046		1,351,234
	1,261,152	3.50%, 09/01/2047		1,323,863
	4,768,041	3.50%, 11/25/2047		5,006,529
	930,825	3.50%, 12/01/2047		980,589
	5,582,703	3.50%, 01/01/2048		5,796,669
	991,003	3.50%, 02/01/2048		1,038,609
	1,366,556	3.50%, 02/25/2048		1,413,622
	8,155,944	3.50%, 09/01/2057		8,581,123
	4,910,361	3.50%, 05/01/2058		5,157,342
	5,223,194	3.50%, 12/25/2058		5,465,221
	1,913,338	3.74%, 06/01/2026		2,066,554
	1,498,918	4.00%, 06/01/2025		1,562,696
	469,029	4.00%, 10/01/2025		489,295
	349,531	4.00%, 04/25/2032(5)		45,152
	3,669,062	4.00%, 10/01/2040		3,935,320
	1,646,646	4.00%, 11/01/2040		1,766,109
	1,221,055	4.00%, 12/01/2040		1,309,523
	595,986	4.00%, 02/01/2041		639,227
	1,413,053	4.00%, 03/01/2041		1,515,740
	3,444,286	4.00%, 06/01/2041		3,668,234
	554,698	4.00%, 03/25/2042(5)		59,453
	662,897	4.00%, 08/01/2042		709,169
	1,217,952	4.00%, 09/01/2042		1,303,589
	316,077	4.00%, 11/25/2042(5)		44,889
	266,299	4.00%, 03/01/2045		282,188
	1,105,784	4.00%, 07/01/2045		1,188,458
	617,985	4.00%, 05/01/2046		652,657
	1,375,272	4.00%, 06/01/2046		1,448,737
	1,347,171	4.00%, 04/01/2047		1,447,646
	8,558,555	4.00%, 07/01/2048		8,922,055
	3,743,347	4.00%, 09/01/2048		3,906,081
	4,565,680	4.00%, 02/01/2049		4,759,601
	5,394,800	4.00%, 11/01/2049		5,633,910
	8,172,500	4.00%, 12/01/2049		8,517,931
	382,730	4.50%, 04/01/2025		402,578
	545,641	4.50%, 07/25/2027(5)		43,034
	938,948	4.50%, 09/01/2035		1,017,700
	3,580,563	4.50%, 08/01/2040		3,897,499
	3,231,659	4.50%, 10/01/2040		3,508,965
	1,408,779	4.50%, 10/01/2041		1,529,075
	1,283,835	4.50%, 09/01/2043		1,393,759
	6,560,657	4.50%, 01/01/2051		7,033,583
	1,475	5.00%, 01/01/2020		1,522
	392,425	5.00%, 06/01/2022		406,295
	187,509	5.00%, 06/01/2025		195,017
	477,462	5.00%, 04/25/2038		514,388
	6,872,787	5.00%, 12/01/2048		7,342,403
	3,400,124	5.00%, 02/01/2049		3,633,265
	400,976	5.00%, 03/01/2049		428,795
	262,756	5.47%, 05/25/2042(3)(5)		25,962
	56	5.50%, 01/01/2020		56
	1	5.50%, 03/01/2020		1
	29,881	5.50%, 05/01/2020		29,922
	76,428	5.50%, 06/01/2022		78,030
	199,287	5.50%, 06/01/2033		222,323
	152,614	5.50%, 08/01/2033		167,053

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

129

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT AGENCIES - 53.5% - (continued)
		FNMA - 9.6% - (continued)
$	1,001,704	5.50%, 09/01/2033	$	1,127,447
	997,088	5.50%, 12/01/2033		1,121,513
	676,349	5.50%, 01/01/2034		760,647
	3,498,384	5.50%, 11/01/2035		3,937,692
	1,006,445	5.50%, 04/01/2036		1,132,561
	808,571	5.50%, 09/01/2036		910,066
	66,125	5.50%, 01/01/2037		73,764
	550,591	5.50%, 04/25/2037		621,181
	2,244,370	5.50%, 06/25/2042(5)		495,375
	2,658,038	5.50%, 08/25/2044(5)		563,574
	754	6.00%, 03/01/2022		759
	360,267	6.00%, 12/01/2032		403,412
	341,117	6.00%, 01/01/2033		388,640
	70,507	6.00%, 02/01/2033		77,649
	445,001	6.00%, 03/01/2033		503,456
	884,419	6.00%, 02/01/2037		1,012,303
	2,214,983	6.00%, 01/25/2042(5)		378,421
	1,560,548	6.00%, 09/25/2047(5)		369,698
	564	6.50%, 05/01/2031		626
	959	6.50%, 09/01/2031		1,076
	1,314	6.50%, 07/01/2032		1,483
	1,169	7.00%, 07/01/2029		1,339
	86	7.00%, 12/01/2030		88
	611	7.00%, 02/01/2032		641
	172	7.00%, 03/01/2032		201
	1,758	7.00%, 09/01/2032		1,865
	975	7.50%, 10/01/2022		1,026
	1,385	7.50%, 06/01/2027		1,570
	1,984	7.50%, 10/01/2029		2,022
	12,628	7.50%, 03/01/2030		14,073
	7,797	7.50%, 04/01/2030		8,283
	998	7.50%, 06/01/2030		1,144
	1,700	7.50%, 07/01/2030		1,921
	439	7.50%, 08/01/2030		498
	5,183	7.50%, 10/01/2030		5,228
	7,153	7.50%, 01/01/2031		7,286
	18,033	7.50%, 05/01/2031		20,425
	6,141	7.50%, 06/01/2031		6,320
	1,463	7.50%, 08/01/2031		1,645
	32,383	7.50%, 09/01/2031		33,453
	209	7.50%, 05/01/2032		240
				199,699,350
		UMBS - 19.5%
	44,960,000	2.50%, 01/16/2035(17)		45,370,963
	19,000,000	3.00%, 01/16/2035(17)		19,472,773
	277,738,000	3.00%, 01/14/2050(17)		281,687,087
	8,731,000	3.50%, 01/14/2050(17)		8,981,675
	6,650,000	4.00%, 01/14/2050(17)		6,916,520
	37,690,000	4.50%, 01/14/2050(17)		39,681,975
	4,890,500	5.00%, 01/14/2050(17)		5,228,250
				407,339,243
		GNMA - 16.6%
	1,729,260	1.75%, 09/20/2043		1,713,150
	1,626,222	2.00%, 01/20/2042		1,620,940
	1,574,162	2.50%, 12/16/2039		1,598,992
	2,405,879	2.50%, 07/20/2041		2,439,750
	821,299	3.00%, 09/20/2028(5)		61,989
	545,562	3.00%, 02/16/2043(5)		79,211
	5,518,469	3.00%, 03/15/2045		5,682,540
	326,499	3.00%, 04/15/2045		336,199
	3,785,095	3.00%, 07/15/2045		3,895,365
	80,504	3.00%, 08/15/2045		82,748
	1,373,473	3.00%, 10/20/2047		1,400,091
	123,950,000	3.00%, 01/01/2050(17)		127,344,099

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT AGENCIES - 53.5% - (continued)
		GNMA - 16.6% - (continued)
$	335,605	3.50%, 02/16/2027(5)	$	26,489
	849,924	3.50%, 03/20/2027(5)		73,309
	779,164	3.50%, 07/20/2040(5)		63,255
	1,185,653	3.50%, 02/20/2041(5)		102,778
	2,078,877	3.50%, 04/20/2042(5)		205,899
	3,214,194	3.50%, 10/20/2042(5)		584,717
	369,564	3.50%, 11/15/2042		394,178
	10,618	3.50%, 12/15/2042		11,170
	221,230	3.50%, 02/15/2043		232,937
	13,511	3.50%, 03/15/2043		14,225
	1,582,294	3.50%, 04/15/2043		1,666,040
	4,068,363	3.50%, 05/15/2043		4,279,140
	332,435	3.50%, 05/20/2043(5)		66,444
	1,747,475	3.50%, 07/20/2043(5)		221,330
	1,984,217	3.50%, 08/20/2047		2,061,292
	78,256,000	3.50%, 01/01/2050(17)		80,649,533
	242,086	4.00%, 12/16/2026(5)		20,192
	3,478,393	4.00%, 05/20/2029(5)		300,237
	4,521,477	4.00%, 07/20/2040		4,792,663
	5,260,118	4.00%, 09/20/2040		5,577,837
	7,861,959	4.00%, 10/20/2040		8,332,992
	1,323,680	4.00%, 12/20/2040		1,427,393
	389,848	4.00%, 05/16/2042(5)		55,903
	611,019	4.00%, 03/20/2043(5)		116,295
	275,263	4.00%, 01/20/2044(5)		59,005
	2,540,314	4.00%, 01/16/2046(5)		538,269
	2,147,444	4.00%, 03/20/2047(5)		337,438
	3,377,958	4.00%, 07/20/2047(5)		538,306
	1,032,395	4.00%, 11/20/2047		1,089,331
	4,418,563	4.00%, 03/20/2048		4,613,932
	48,881,000	4.00%, 01/01/2050(17)		50,591,836
	239,840	4.50%, 11/15/2039		260,952
	1,716,017	4.50%, 05/15/2040		1,876,830
	5,152,437	4.50%, 05/20/2040		5,564,821
	213,480	4.50%, 07/15/2041		230,314
	1,019,962	4.50%, 04/20/2045(5)		221,080
	453,459	4.50%, 01/20/2046		483,981
	80,000	4.50%, 01/01/2050(17)		83,638
	2,526,009	5.00%, 02/16/2040(5)		519,834
	555,120	5.00%, 05/20/2040		613,312
	1,379,421	5.00%, 06/15/2041		1,535,718
	1,569,210	5.00%, 10/16/2041(5)		275,874
	2,113,786	5.00%, 03/15/2044		2,351,785
	602,076	5.00%, 01/16/2047(5)		130,330
	4,400,000	5.00%, 01/01/2050(17)		4,697,859
	458,277	5.50%, 03/15/2033		504,586
	649,198	5.50%, 04/15/2033		726,318
	749,683	5.50%, 05/15/2033		833,542
	1,018,679	5.50%, 10/20/2034		1,146,272
	2,126,294	5.50%, 03/20/2039(5)		426,106
	1,843,081	5.50%, 02/16/2047(5)		436,485
	1,113,388	5.50%, 02/20/2047(5)		214,749
	1,301	6.00%, 12/15/2023		1,432
	990	6.00%, 01/15/2029		1,090
	1,077	6.00%, 04/15/2029		1,214
	42,561	6.00%, 12/15/2031		47,355
	809	6.00%, 10/15/2032		924
	18,173	6.00%, 06/15/2033		20,735
	1,167	6.00%, 03/15/2034		1,289
	48,158	6.00%, 08/15/2034		54,984
	74,116	6.00%, 09/15/2034		82,347
	39,601	6.00%, 02/15/2035		45,220
	217,237	6.00%, 12/15/2035		239,727
	24,810	6.00%, 02/15/2036		27,315
	168,915	6.00%, 03/15/2036		193,125

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

130

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT AGENCIES - 53.5% - (continued)
		GNMA - 16.6% - (continued)
$	16,999	6.00%, 04/15/2036	$	18,715
	100,794	6.00%, 05/15/2036		113,690
	191,464	6.00%, 06/15/2036		216,585
	63,338	6.00%, 07/15/2036		70,031
	18,940	6.00%, 08/15/2036		20,888
	154,504	6.00%, 02/15/2037		176,398
	587	6.00%, 05/15/2037		667
	324,556	6.00%, 06/15/2037		370,292
	249,560	6.00%, 07/15/2037		285,264
	64,233	6.00%, 08/15/2037		73,410
	86,411	6.00%, 10/15/2037		98,856
	47,207	6.00%, 11/15/2037		52,841
	78,323	6.00%, 12/15/2037		89,542
	154,280	6.00%, 01/15/2038		177,757
	10,705	6.00%, 02/15/2038		11,931
	24,818	6.00%, 05/15/2038		28,352
	7,470	6.00%, 06/15/2038		8,446
	28,120	6.00%, 08/15/2038		31,730
	91,476	6.00%, 09/15/2038		103,015
	107,938	6.00%, 10/15/2038		123,591
	228,595	6.00%, 11/15/2038		261,669
	67,777	6.00%, 12/15/2038		77,015
	1,399	6.00%, 01/15/2039		1,585
	35,282	6.00%, 08/15/2039		39,258
	58,310	6.00%, 11/15/2039		65,928
	13,580	6.00%, 02/15/2040		14,951
	763,916	6.00%, 06/15/2040		874,422
	140,385	6.00%, 07/15/2040		160,559
	1,681,444	6.00%, 09/20/2040(5)		361,930
	791,538	6.00%, 06/15/2041		904,668
	1,637,838	6.00%, 02/20/2046(5)		400,259
	21,183	6.50%, 06/15/2028		23,367
	455	6.50%, 07/15/2028		502
	1,768	6.50%, 08/15/2028		1,950
	14,371	6.50%, 09/15/2028		15,852
	898	6.50%, 10/15/2028		991
	2,791	6.50%, 11/15/2028		3,079
	4,572	6.50%, 12/15/2028		5,043
	5,494	6.50%, 01/15/2029		6,061
	20,413	6.50%, 02/15/2029		22,517
	149,204	6.50%, 03/15/2029		164,591
	30,311	6.50%, 04/15/2029		33,437
	19,307	6.50%, 05/15/2029		21,298
	153,150	6.50%, 06/15/2029		168,944
	6,162	6.50%, 07/15/2029		6,797
	201	6.50%, 03/15/2031		221
	181,707	6.50%, 04/15/2031		200,444
	41,940	6.50%, 05/15/2031		47,592
	7,456	6.50%, 06/15/2031		8,353
	166,729	6.50%, 07/15/2031		184,303
	89,210	6.50%, 08/15/2031		98,409
	122,823	6.50%, 09/15/2031		135,510
	143,160	6.50%, 10/15/2031		157,923
	276,551	6.50%, 11/15/2031		305,327
	57,514	6.50%, 12/15/2031		63,445
	195,967	6.50%, 01/15/2032		217,104
	49,916	6.50%, 02/15/2032		56,713
	39,150	6.50%, 03/15/2032		43,187
	177,954	6.50%, 04/15/2032		200,295
	666	6.50%, 05/15/2032		735
	34,692	6.50%, 06/15/2032		38,269
	2,452	7.00%, 06/20/2030		2,525
	588	7.00%, 02/15/2031		647
	180	7.00%, 06/15/2031		191
	146	7.00%, 08/15/2031		164

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT AGENCIES - 53.5% - (continued)
		GNMA - 16.6% - (continued)
$	544	8.50%, 11/15/2024	$	545
				346,621,158
		Total U.S. Government Agencies (cost $1,103,579,249)	$	1,115,752,920
U.S. GOVERNMENT SECURITIES - 13.2%
		U.S. Treasury Securities - 13.2%
		U.S. Treasury Bonds - 8.6%
$	5,119,000	2.50%, 02/15/2046	$	5,239,177
	13,709,000	2.88%, 11/15/2046(18)		15,074,545
	1,095,000	3.00%, 05/15/2045		1,225,245
	6,430,000	3.00%, 02/15/2048(19)		7,246,811
	15,000,000	3.00%, 08/15/2048		16,936,523
	5,365,000	3.00%, 02/15/2049		6,068,318
	8,770,000	3.13%, 02/15/2043		9,966,625
	47,195,000	3.13%, 08/15/2044(18)(19)		53,804,144
	8,240,000	3.13%, 05/15/2048		9,512,050
	42,820,000	3.38%, 05/15/2044(20)		50,781,844
	2,015,000	3.75%, 11/15/2043		2,524,968
				178,380,250
		U.S. Treasury Notes - 4.6%
	10,950,201	0.25%, 07/15/2029(21)		11,056,460
	27,419,077	0.38%, 07/15/2027(21)		27,968,337
	16,244,550	0.63%, 01/15/2026(21)		16,742,337
	11,001,292	0.88%, 01/15/2029(21)		11,682,240
	3,650,753	1.00%, 02/15/2049(21)		4,056,522
	23,310,000	2.63%, 02/15/2029		24,721,348
				96,227,244
		Total U.S. Government Securities (cost $262,143,129)	$	274,607,494
COMMON STOCKS - 0.0%
		Energy - 0.0%
	64,657	Ascent Resources - Marcellus LLC Class A*(22)(23)	$	80,821
	30,559	Philadelphia Energy Solutions Class A		3,820
	14,557	Templar Energy LLC Class A*		146
				84,787
		Total Common Stocks (cost $593,434)	$	84,787
PREFERRED STOCKS - 0.1%
		Banks - 0.1%
	2,242	U.S. Bancorp Series A, 3.50%(2)(9)	$	1,972,960
		Total Preferred Stocks (cost $1,591,820)	$	1,972,960
WARRANTS - 0.0%
		Energy - 0.0%
	16,740	Ascent Resources - Marcellus LLC Expires 3/30/23*(22)(23)	$	167
		Total Warrants (cost $1,339)	$	167
		Total Long-Term Investments (cost $2,636,265,585)	$	2,688,267,356
SHORT-TERM INVESTMENTS - 3.7%
		Commercial Paper - 0.5%
		Bank of China Ltd.
$	750,000	2.13%, 02/28/2020(10)	$	747,426

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

131

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
SHORT-TERM INVESTMENTS - 3.7% - (continued)
		Commercial Paper - 0.5% - (continued)
$	250,000	2.19%, 02/28/2020(10)	$	249,118
CAD	70,000	Bank of Nova Scotia 1.90%, 02/07/2020(10)		53,800
	250,000	Caterpillar Financial Services Corp. 1.73%, 01/13/2020(10)		192,404
$	1,000,000	Enel Finance America 2.01%, 01/23/2020(10)		998,735
	1,000,000	General Electric Co. 1.99%, 02/13/2020(10)		997,611
		General Motors Financial Co., Inc.
	250,000	1.79%, 01/06/2020(10)		249,926
	1,000,000	2.13%, 01/21/2020(10)		998,778
	510,000	Intesa Funding LLC_ 2.28%, 06/08/2020(10)		504,939
	1,000,000	Korea Development Bank 1.92%, 05/07/2020(10)		993,518
CAD	1,660,000	Royal Bank of Canada 1.77%, 02/04/2020(10)		1,276,181
	2,000,000	Suncor Energy 1.83%, 01/31/2020(10)		1,537,787
	665,000	Toronto-Dominion Bank 1.58%, 01/07/2020(10)		511,954
		TransCanada PipeLines Ltd.
$	1,000,000	2.01%, 02/18/2020(10)		997,307
	635,000	2.08%, 03/10/2020(10)		632,361
				10,941,845
		Foreign Government Obligations - 0.1%
		Provincial - 0.1%
CAD	2,200,000	Newfoundland T-Bill 1.74%, 01/09/2020(10)		1,693,541
		Other Investment Pools & Funds - 2.7%
	57,349,753	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 1.52%(24)		57,349,753
		Securities Lending Collateral - 0.4%
	385,225	Citibank NA DDCA, 1.54%, 1/2/2020(24)		385,225
	1,867,979	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 1.52%(24)		1,867,979
	1,721,459	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 1.75%(24)		1,721,459
	860,729	JPMorgan Prime Money Market Fund, 1.69%(24)		860,729
	2,295,278	Morgan Stanley Institutional Liquidity Funds, Prime Portfolio, Institutional Class, 1.72%(24)		2,295,278
	573,820	State Street Institutional Liquid Reserves Fund, 1.70%(24)		573,820
				7,704,490
		Total Short-Term Investments (cost $77,602,282)	$	77,689,629

Total Investments Excluding Purchased Options (cost $2,713,867,867)	132.5	%	$	2,765,956,985
Total Purchased Options (cost $2,813,962)	0.1	%	$	2,626,843
Total Investments (cost $2,716,681,829)	132.6	%	$	2,768,583,828
Other Assets and Liabilities	(32.6	)%		(681,063,684	)
Total Net Assets	100.0	%	$	2,087,520,144

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

* Non-income producing.

⁽¹⁾  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At December 31, 2019, the aggregate value of these securities was $550,716,188, representing 26.4% of net assets.

⁽²⁾  Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2019. Base lending rates may be subject to a floor or cap.

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

⁽⁵⁾  Securities disclosed are interest-only strips.

⁽⁶⁾  Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

⁽⁷⁾  Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at December 31, 2019. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.

⁽⁸⁾  Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At December 31, 2019, the aggregate value of these securities was $41,102,014, representing 2.0% of net assets.

⁽⁹⁾  Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.

⁽¹⁰⁾  The rate shown represents current yield to maturity.

⁽¹¹⁾  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. Base lending rates may be subject to a floor or cap. Unless otherwise noted, the interest rate disclosed for these securities represents the rate in effect as of December 31, 2019.

⁽¹²⁾  Represents an unsettled loan commitment. The coupon rate will be determined at time of settlement.

⁽¹³⁾  This security, or a portion of this security, has unfunded loan commitments. As of December 31, 2019, the aggregate value of the unfunded commitment was $78,838, which rounds to 0.0% of total net assets.

⁽¹⁴⁾  Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal.

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

132

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

⁽¹⁵⁾  Securities disclosed are principal-only strips.

⁽¹⁶⁾  Security is a zero-coupon bond.

⁽¹⁷⁾  Represents or includes a TBA transaction.

⁽¹⁸⁾  All, or a portion of the security, was pledged as collateral in connection with OTC swap contracts. As of December 31, 2019, the market value of securities pledged was $3,355,824.

⁽¹⁹⁾  All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of December 31, 2019, the market value of securities pledged was $2,581,660.

⁽²⁰⁾  All, or a portion of the security, was pledged as collateral in connection with centrally cleared swap contracts. As of December 31, 2019, the market value of securities pledged was $11,385,000.

⁽²¹⁾  The principal amount for these securities are adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

⁽²²⁾  Investment valued using significant unobservable inputs.

⁽²³⁾  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, 2019, the aggregate fair value of these securities was $80,988, 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.

⁽²⁴⁾  Current yield as of period end.

OTC Swaption Contracts Outstanding at December 31, 2019
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 07/20/48*	CITI	2.91%		Pay		07/18/28	USD	3,200,000		3,200,000	$	530,560	$	374,080	$	156,480
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 08/04/57*	BCLY	2.45%		Pay		08/02/27	USD	1,500,000		1,500,000		244,800		216,283		28,517
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 08/04/57*	JPM	2.45%		Receive		08/02/27	USD	3,000,000		3,000,000		489,600		308,100		181,500
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 09/24/59*	DEUT	1.85%		Pay		09/20/29	USD	1,075,000		1,075,000		123,625		175,763		(52,138	)
Total Calls											$	1,388,585	$	1,074,226	$	314,359
Puts
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 07/20/48*	CITI	2.91%		Receive		07/18/28	USD	3,200,000		3,200,000	$	178,752	$	374,080	$	(195,328	)
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 08/04/57*	BOA	1.70%		Pay		11/23/20	USD	12,045,000		12,045,000		417,239		301,727		115,512
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 08/04/57*	BCLY	2.45%		Receive		08/02/27	USD	1,500,000		1,500,000		149,625		295,367		(145,742	)
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 08/04/57*	JPM	2.45%		Pay		08/02/27	USD	3,000,000		3,000,000		299,250		592,800		(293,550	)
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 09/24/59*	DEUT	1.85%		Receive		09/20/29	USD	1,075,000		1,075,000		193,392		175,762		17,630
Total Puts											$	1,238,258	$	1,739,736	$	(501,478	)
Total purchased swaption contracts											$	2,626,843	$	2,813,962	$	(187,119	)

* Swaptions with forward premiums.

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

133

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Futures Contracts Outstanding at December 31, 2019
Description	Number of Contracts		Expiration Date		Current Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Long position contracts:
U.S. Treasury 2-Year Note Future		405		03/31/2020	$	87,277,500	$	(32,524	)
U.S. Treasury 5-Year Note Future		1,027		03/31/2020		121,811,828		(428,248	)
U.S. Treasury 10-Year Note Future		480		03/20/2020		61,642,500		(329,975	)
U.S. Treasury Ultra Bond Future		322		03/20/2020		58,493,312		(1,932,082	)
Total							$	(2,722,829	)
Short position contracts:
Euro BUXL 30-Year Bond Future		11		03/06/2020	$	2,447,751	$	60,696
U.S. Treasury 10-Year Ultra Future		308		03/20/2020		43,336,563		521,893
U.S. Treasury Long Bond Future		258		03/20/2020		40,223,812		802,070
Total							$	1,384,659
Total futures contracts							$	(1,338,170	)

TBA Sale Commitments Outstanding at December 31, 2019
Description	Principal Amount		Maturity Date		Market Value†			Unrealized Appreciation/ (Depreciation)
UMBS, 3.50%	$	39,025,000		1/14/2050	$	(40,145,444	)	$	(80,248	)
UMBS, 4.00%		3,200,000		1/16/2035		(3,337,750	)		(5,750	)
UMBS, 4.00%		10,202,500		1/14/2050		(10,611,397	)		(24,708	)
UMBS, 5.50%		13,400,000		1/14/2050		(14,430,125	)		31,406
UMBS, 6.00%		3,300,000		1/14/2050		(3,636,188	)		(2,579	)
Total (proceeds receivable $72,079,025)					$	(72,160,904	)	$	(81,879	)

At December 31, 2019, the aggregate market value of TBA Sale Commitments represents (3.5)% of total net assets.

OTC Credit Default Swap Contracts Outstanding at December 31, 2019
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:
ABX.HE.AAA.07	GSC		USD	1,377,641	(0.09%)		08/25/37		Monthly	$	290,992	$	—		$	32,698		$	(258,294	)
ABX.HE.AAA.07	CSI		USD	3,348,775	(0.09%)		08/25/37		Monthly		813,319		—			79,483			(733,836	)
ABX.HE.PENAAA.06	MSC		USD	572,270	(0.11%)		05/25/46		Monthly		62,193		—			34,325			(27,868	)
ABX.HE.PENAAA.06	JPM		USD	1,306,448	(0.11%)		05/25/46		Monthly		141,644		—			78,232			(63,412	)
ABX.HE.PENAAA.06	GSC		USD	544,140	(0.11%)		05/25/46		Monthly		133,950		—			32,638			(101,312	)
Total										$	1,442,098	$	—		$	257,376		$	(1,184,722	)
Sell protection:
ABX.HE.AAA.07	MSC		USD	1,377,640	0.09%		08/25/37		Monthly	$	12,160	$	—		$	(32,695	)	$	(44,855	)
ABX.HE.AAA.07	MSC		USD	3,348,773	0.09%		08/25/37		Monthly		29,746		—			(79,474	)		(109,220	)
ABX.HE.PENAAA.06	BCLY		USD	2,414,976	0.11%		05/25/46		Monthly		—		(60,960	)		(144,852	)		(83,892	)
CMBX.NA.AAA.12	MSC		USD	7,260,000	0.50%		08/17/61		Monthly		1,358		—			5,642			4,284
CMBX.NA.BB.6	CSI		USD	3,270,000	5.00%		05/11/63		Monthly		—		(647,099	)		(367,120	)		279,979
CMBX.NA.BB.6	CSI		USD	2,800,000	5.00%		05/11/63		Monthly		—		(484,652	)		(314,354	)		170,298
CMBX.NA.BB.6	CSI		USD	1,566,000	5.00%		05/11/63		Monthly		—		(271,059	)		(175,814	)		95,245
CMBX.NA.BB.6	GSC		USD	2,855,000	5.00%		05/11/63		Monthly		—		(293,826	)		(320,528	)		(26,702	)
CMBX.NA.BB.8	MSC		USD	5,083,000	5.00%		10/17/57		Monthly		—		(1,327,654	)		(575,413	)		752,241
CMBX.NA.BB.8	GSC		USD	3,445,000	5.00%		10/17/57		Monthly		—		(805,632	)		(389,985	)		415,647
CMBX.NA.BB.8	CSI		USD	2,507,000	5.00%		10/17/57		Monthly		—		(654,772	)		(283,801	)		370,971
CMBX.NA.BB.8	DEUT		USD	1,455,000	5.00%		10/17/57		Monthly		—		(341,770	)		(164,621	)		177,149
CMBX.NA.BB.8	GSC		USD	240,000	5.00%		10/17/57		Monthly		—		(25,994	)		(27,169	)		(1,175	)

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

134

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

OTC Credit Default Swap Contracts Outstanding at December 31, 2019 – (continued)
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 – (continued):
Sell protection – (continued):
CMBX.NA.BBB-.6	MSC		USD	465,000	3.00%		05/11/63		Monthly	$	—	$	(38,544	)	$	(23,488	)	$	15,056
CMBX.NA.BBB-.6	MSC		USD	4,245,000	3.00%		05/11/63		Monthly		—		(605,968	)		(214,415	)		391,553
CMBX.NA.BBB-.6	GSC		USD	2,725,000	3.00%		05/11/63		Monthly		—		(292,029	)		(137,867	)		154,162
CMBX.NA.BBB-.6	CSI		USD	920,000	3.00%		05/11/63		Monthly		—		(123,887	)		(46,469	)		77,418
CMBX.NA.BBB-.6	DEUT		USD	485,000	3.00%		05/11/63		Monthly		—		(69,966	)		(24,498	)		45,468
Total										$	43,264	$	(6,043,812	)	$	(3,316,921	)	$	2,683,627
Total traded indices										$	1,485,362	$	(6,043,812	)	$	(3,059,545	)	$	1,498,905
Total OTC contracts										$	1,485,362	$	(6,043,812	)	$	(3,059,545	)	$	1,498,905

^(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, 2019
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.NA.HY.33.V2		USD	2,465,100		(5.00	%)		12/20/24		Quarterly	$	(176,490	)	$	(241,651	)	$	(65,161	)
Credit default swaps on indices:
Sell protection:
CDX.EM.32.V1		USD	7,955,000		1.00	%		12/20/24		Quarterly		$    (406,519	)		$    (264,727	)	$	141,792
CDX.NA.IG.33.V1		USD	20,175,000		1.00	%		12/20/24		Quarterly		524,917			529,911			4,994
Total											$	118,398		$	265,184		$	146,786
Total											$	(58,092	)	$	23,533		$	81,625

^(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, 2019
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)
12 Mo. Federal Funds Rate	1.63% Fixed	USD	13,700,000		11/14/26	Annual	$	—	$	—		$	(58,486	)	$	(58,486	)
3 Mo. USD LIBOR	2.00% Fixed	USD	17,550,000		03/21/23	Semi-Annual		53,251		—			(262,457	)		(315,708	)
3 Mo. USD LIBOR	2.36% Fixed	USD	26,540,000		04/09/24	Semi-Annual		—		—			(728,025	)		(728,025	)
3 Mo. USD LIBOR	2.36% Fixed	USD	27,595,000		04/09/24	Semi-Annual		—		—			(761,169	)		(761,169	)
3 Mo. USD LIBOR	2.36% Fixed	USD	28,350,000		04/09/24	Semi-Annual		—		—			(778,909	)		(778,909	)
3 Mo. USD LIBOR	2.36% Fixed	USD	37,805,000		04/09/24	Semi-Annual		—		—			(1,035,392	)		(1,035,392	)
3 Mo. USD LIBOR	1.73% Fixed	USD	11,710,000		10/29/29	Semi-Annual		—		—			177,688			177,688
3 Mo. USD LIBOR	1.72% Fixed	USD	7,045,000		10/29/29	Semi-Annual		—		—			110,808			110,808
3 Mo. USD LIBOR	1.72% Fixed	USD	3,630,000		10/29/29	Semi-Annual		—		—			58,773			58,773
3 Mo. USD LIBOR	1.77% Fixed	USD	5,855,000		10/30/29	Semi-Annual		—		—			68,416			68,416
3 Mo. USD LIBOR	1.77% Fixed	USD	5,855,000		10/30/29	Semi-Annual		—		—			65,980			65,980
3 Mo. USD LIBOR	1.77% Fixed	USD	5,305,000		10/30/29	Semi-Annual		—		—			61,498			61,498
3 Mo. USD LIBOR	1.77% Fixed	USD	5,370,000		10/30/29	Semi-Annual		—		—			60,018			60,018
3 Mo. USD LIBOR	2.75% Fixed	USD	22,395,000		12/20/47	Semi-Annual		—		(468,784	)		(3,233,740	)		(2,764,956	)
3 Mo. USD LIBOR	2.88% Fixed	USD	1,350,000		12/31/48	Semi-Annual		—		—			(253,158	)		(253,158	)
3 Mo. USD LIBOR	2.87% Fixed	USD	675,000		01/28/49	Semi-Annual		—		—			(124,722	)		(124,722	)
3 Mo. USD LIBOR	2.39% Fixed	USD	1,625,000		05/31/49	Semi-Annual		—		—			(109,530	)		(109,530	)
3 Mo. USD LIBOR	1.79% Fixed	USD	450,000		09/24/49	Semi-Annual		—		—			29,351			29,351
Total							$	53,251	$	(468,784	)	$	(6,713,056	)	$	(6,297,523	)

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

135

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Foreign Currency Contracts Outstanding at December 31, 2019
Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Counterparty		Settlement Date		Appreciation		(Depreciation)
	52,200,000	EGP		3,001,725	USD		GSC		03/18/20	$	208,054	$	—
	15,682,127	USD		22,854,000	AUD		SSG		01/31/20		—		(368,236	)
	500,405	USD		665,000	CAD		SSG		01/07/20		—		(11,732	)
	1,668,756	USD		2,200,000	CAD		SSG		01/09/20		—		(25,549	)
	188,936	USD		250,000	CAD		TDB		01/13/20		—		(3,602	)
	1,512,982	USD		2,000,000	CAD		SCB		01/31/20		—		(27,446	)
	10,849,770	USD		14,150,000	CAD		SSG		01/31/20		—		(48,762	)
	5,420,988	USD		7,135,000	CAD		MSC		01/31/20		—		(74,491	)
	1,259,744	USD		1,660,000	CAD		HSBC		02/04/20		—		(18,822	)
	53,355	USD		70,000	CAD		HSBC		02/07/20		—		(561	)
	986,642	USD		1,300,000	CAD		CIBC		03/09/20		—		(14,724	)
	378,279	USD		500,000	CAD		HSBC		04/09/20		—		(6,882	)
	921,637	USD		1,215,000	CAD		RBC		04/09/20		—		(14,304	)
	985,901	USD		1,300,000	CAD		DEUT		06/01/20		—		(15,482	)
	1,264,119	USD		1,135,000	EUR		SSG		01/14/20		—		(10,142	)
	2,456,437	USD		2,201,000	EUR		CBK		01/31/20		—		(17,179	)
	843,234	USD		755,000	EUR		CIBC		02/28/20		—		(6,717	)
	15,574,059	USD		13,951,000	EUR		CBK		03/18/20		—		(151,855	)
	2,208,140	USD		1,688,000	GBP		MSC		03/18/20		—		(32,611	)
	2,110,591	USD		228,950,000	JPY		SSG		01/08/20		2,470		—
	2,635,227	USD		285,650,000	JPY		BNP		01/27/20		2,241		—
	6,342,830	USD		686,800,000	JPY		SSG		02/10/20		7,584		—
	5,052,131	USD		548,500,000	JPY		MSC		02/18/20		—		(9,692	)
	4,259,815	USD		457,850,000	JPY		JPM		05/11/20		14,427		—
	11,028,456	USD		16,767,000	NZD		HSBC		01/31/20		—		(264,284	)
	Total									$	234,776	$	(1,123,073	)

^†  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.

136

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total			Level 1			Level 2			Level 3(1)
Assets
Asset & Commercial Mortgage Backed Securities	$	553,663,458		$	—		$	553,663,458		$	—
Corporate Bonds		578,354,390			—			578,354,390			—
Foreign Government Obligations		90,433,331			—			90,433,331			—
Municipal Bonds		21,107,946			—			21,107,946			—
Senior Floating Rate Interests		52,289,903			—			52,289,903			—
U.S. Government Agencies		1,115,752,920			—			1,115,752,920			—
U.S. Government Securities		274,607,494			—			274,607,494			—
Common Stocks
Energy		84,787			—			3,966			80,821
Preferred Stocks		1,972,960			1,972,960			—			—
Warrants		167			—			—			167
Short-Term Investments		77,689,629			65,054,243			12,635,386			—
Purchased Options		2,626,843			—			2,626,843			—
Foreign Currency Contracts(2)		234,776			—			234,776			—
Futures Contracts(2)		1,384,659			1,384,659			—			—
Swaps - Credit Default(2)		3,096,257			—			3,096,257			—
Swaps - Interest Rate(2)		632,532			—			632,532			—
Total	$	2,773,932,052		$	68,411,862		$	2,705,439,202		$	80,988
Liabilities
Foreign Currency Contracts(2)	$	(1,123,073	)	$	—		$	(1,123,073	)	$	—
Futures Contracts(2)		(2,722,829	)		(2,722,829	)		—			—
Swaps - Credit Default(2)		(1,515,727	)		—			(1,515,727	)		—
Swaps - Interest Rate(2)		(6,930,055	)		—			(6,930,055	)		—
TBA Sale Commitments		(72,160,904	)		—			(72,160,904	)		—
Total	$	(84,452,588	)	$	(2,722,829	)	$	(81,729,759	)	$	—

⁽¹⁾ For the year ended December 31, 2019, there were no transfers in and out of Level 3.

⁽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, 2019 is not presented.

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

137

Hartford Ultrashort Bond HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 40.4%
		Asset-Backed - Automobile - 27.7%
		Ally Auto Receivables Trust
$	2,275,000	1.93%, 10/17/2022	$	2,274,261
	100,747	2.72%, 05/17/2021		100,763
	847,189	2.85%, 03/15/2022		849,442
		American Credit Acceptance Receivables Trust
	1,599,557	2.44%, 12/12/2022(1)		1,601,736
	538,840	2.85%, 07/12/2022(1)		539,921
	779,960	3.06%, 07/12/2022(1)		781,774
		AmeriCredit Automobile Receivables Trust
	1,445,000	2.06%, 04/18/2024		1,445,983
	410,000	2.17%, 01/18/2023		410,447
	6,295	2.71%, 07/19/2021		6,297
	361,852	2.86%, 11/18/2021		362,237
	532,516	2.93%, 06/20/2022		534,327
	2,390,000	2.97%, 11/20/2023		2,418,552
	601,117	3.11%, 01/18/2022		602,540
		ARI Fleet Lease Trust
	217,637	1.91%, 04/15/2026(1)		217,414
	2,450,000	2.28%, 04/15/2026(1)		2,452,854
	268,245	2.55%, 10/15/2026(1)		268,518
	614,010	Bank of The West Auto Trust 2.40%, 10/17/2022(1)		615,480
	565,000	BMW Floorplan Master Owner Trust 2.06%, 05/15/2023, 1 mo. USD LIBOR + 0.320%(1)(2)		565,836
	1,084,193	BMW Vehicle Lease Trust 2.97%, 12/21/2020		1,085,941
		Canadian Pacer Auto Receivables Trust
	81,072	2.05%, 03/19/2021(1)		81,066
	1,442,964	2.78%, 03/21/2022(1)		1,447,560
	390,982	3.00%, 06/21/2021(1)		391,740
		Capital Auto Receivables Asset Trust
	95,572	2.02%, 08/20/2021(1)		95,554
	531,330	3.02%, 02/22/2021(1)		532,029
		CarMax Auto Owner Trust
	450,737	1.40%, 08/15/2021		450,006
	503,533	1.88%, 06/15/2021		503,377
	1,395,000	2.01%, 03/15/2023		1,395,747
	1,130,000	2.21%, 12/15/2022		1,132,532
	36,424	2.23%, 05/17/2021		36,424
	666,841	2.69%, 07/15/2022		669,246
	728,040	2.88%, 10/15/2021		729,453
	589,807	3.02%, 07/15/2022		592,346
	1,263,900	3.11%, 02/15/2022		1,268,889
	865,000	Carvana Auto Receivables Trust 2.20%, 07/15/2022(1)		864,713
		Chesapeake Funding LLC
	478,149	1.91%, 08/15/2029(1)		477,672
	2,500,806	1.95%, 09/15/2031(1)		2,495,467
	1,086,919	2.11%, 08/15/2030, 1 mo. USD LIBOR + 0.370%(1)(2)		1,085,853
	730,415	2.12%, 11/15/2029(1)		730,595
	238,172	2.19%, 05/15/2029, 1 mo. USD LIBOR + 0.450%(1)(2)		238,354
	1,262,384	2.94%, 04/15/2031(1)		1,278,723
	587,998	3.04%, 04/15/2030(1)		594,650
	822,018	3.39%, 01/15/2031(1)		835,724
		CPS Auto Receivables Trust
	469,984	2.17%, 12/15/2022(1)		469,869
	1,168,694	2.55%, 09/15/2022(1)		1,171,355
	360,386	2.89%, 05/16/2022(1)		361,449
	336,129	3.06%, 01/18/2022(1)		336,682
	580,353	3.18%, 06/15/2022(1)		582,462
	123,178	CPS Auto Trust 2.87%, 09/15/2021(1)		123,249

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 40.4% - (continued)
		Asset-Backed - Automobile - 27.7% - (continued)
		Drive Auto Receivables Trust
$	1,145,000	2.16%, 05/15/2023	$	1,144,258
	835,000	2.32%, 06/15/2022		835,866
	605,000	3.04%, 03/15/2023		608,607
	1,290,000	3.18%, 10/17/2022		1,293,157
	1,487,818	3.34%, 10/15/2022		1,490,656
		DT Auto Owner Trust
	1,437,400	2.17%, 05/15/2023(1)		1,437,944
	963,561	2.55%, 08/15/2022(1)		965,801
	434,804	2.85%, 09/15/2022(1)		436,243
	604,022	3.02%, 02/15/2022(1)		605,251
	500,124	3.08%, 09/15/2022(1)		501,921
		Enterprise Fleet Financing LLC
	183,550	1.97%, 01/20/2023(1)		183,479
	1,880,000	2.06%, 05/20/2025(1)		1,878,172
	1,420,206	2.13%, 05/22/2023(1)		1,419,768
	1,715,000	2.29%, 02/20/2025(1)		1,720,777
	673,140	2.87%, 10/20/2023(1)		675,985
	1,470,000	2.98%, 10/20/2024(1)		1,484,143
	1,087,328	3.14%, 02/20/2024(1)		1,095,850
	466,528	3.38%, 05/20/2024(1)		472,824
		Exeter Automobile Receivables Trust
	1,189,920	2.18%, 01/17/2023(1)		1,190,280
	687,575	2.59%, 09/15/2022(1)		688,801
	28,804	2.90%, 01/18/2022(1)		28,811
	755,000	2.93%, 07/15/2022(1)		757,371
	113,737	3.05%, 12/15/2021(1)		113,794
	620,173	3.20%, 04/15/2022(1)		621,418
		First Investors Auto Owner Trust
	1,583,076	2.21%, 09/16/2024(1)		1,582,524
	701,624	2.66%, 05/16/2022		703,835
	61,381	2.84%, 05/16/2022(1)		61,408
	636,280	2.89%, 03/15/2024(1)		640,876
	391,364	3.23%, 12/15/2022(1)		392,898
		Flagship Credit Auto Trust
	100,386	1.88%, 10/15/2021(1)		100,323
	915,196	2.17%, 06/17/2024(1)		915,509
	1,822,856	2.33%, 02/15/2024(1)		1,826,228
	1,411,875	2.83%, 10/16/2023(1)		1,420,364
	436,954	3.07%, 02/15/2023(1)		438,934
	930,921	3.11%, 08/15/2023(1)		938,810
	1,281,684	3.41%, 05/15/2023(1)		1,293,284
		Ford Credit Auto Lease Trust
	1,515,000	2.28%, 02/15/2022		1,519,639
	1,220,443	2.35%, 02/15/2022		1,222,608
	3,085	2.71%, 12/15/2020		3,086
	1,416,686	2.84%, 09/15/2021		1,420,808
	732,966	2.93%, 04/15/2021		733,551
		Ford Credit Auto Owner Trust
	368,265	2.01%, 03/15/2022		368,437
	1,000,000	2.12%, 07/15/2026(1)		999,941
	1,756,125	2.78%, 02/15/2022		1,762,201
		GM Financial Automobile Leasing Trust
	1,185,000	2.03%, 06/20/2022		1,184,759
	1,320,000	2.09%, 10/20/2021		1,320,536
	490,000	2.67%, 03/21/2022		493,691
	66,583	2.89%, 09/21/2020		66,608
	693,825	2.91%, 04/20/2021		695,957
	805,000	2.98%, 12/20/2021		812,099
	1,122,067	GM Financial Consumer Automobile 1.78%, 10/18/2021(1)		1,121,482
		GM Financial Consumer Automobile Receivables Trust
	574,352	2.74%, 07/16/2021		574,835
	539,332	2.93%, 11/16/2021		540,305
	692,194	2.99%, 03/16/2022		693,880

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

138

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 40.4% - (continued)
		Asset-Backed - Automobile - 27.7% - (continued)
$	2,147,882	Great American Auto Leasing, Inc. 2.97%, 06/15/2021(1)	$	2,156,549
		Honda Auto Receivables Owner Trust
	1,835,000	1.90%, 04/15/2022		1,834,637
	243,679	2.67%, 12/21/2020		243,885
	547,455	2.98%, 05/17/2021		549,164
	1,723,887	Huntington Auto Trust 1.93%, 04/15/2022		1,723,023
		Hyundai Auto Lease Securitization Trust
	1,645,000	2.08%, 12/15/2021(1)		1,646,046
	571,199	2.81%, 12/15/2020(1)		571,687
	1,747,931	2.92%, 07/15/2021(1)		1,756,069
		Hyundai Auto Receivables Trust
	81,788	2.55%, 04/15/2021		81,835
	796,394	2.55%, 11/15/2021		796,489
	719,699	Mercedes-Benz Auto Lease Trust 3.01%, 02/16/2021		721,074
		Mercedes-Benz Auto Receivables Trust
	27,718	1.26%, 02/16/2021		27,707
	286,928	2.71%, 04/15/2021		287,150
	1,240,204	Nissan Auto Lease Trust 3.03%, 02/16/2021		1,242,496
		Nissan Auto Receivables Owner Trust
	1,650,000	1.97%, 09/15/2022		1,650,936
	828,370	2.82%, 01/18/2022		831,159
	113,754	OneMain Direct Auto Receivables Trust 2.31%, 12/14/2021(1)		113,729
		Prestige Auto Receivables Trust
	1,226,567	2.44%, 07/15/2022(1)		1,227,966
	269,960	2.97%, 12/15/2021(1)		270,206
		Santander Drive Auto Receivables Trust
	900,000	3.00%, 12/15/2022		903,243
	9,252	3.03%, 02/15/2022		9,255
	596,554	Santander Retail Auto Lease Trust 2.72%, 01/20/2022(1)		599,790
		Securitized Term Auto Receivables Trust
	1,113,998	2.21%, 06/25/2021(1)		1,114,433
	295,451	2.81%, 12/29/2020(1)		295,699
	2,280,000	2.99%, 02/27/2023(1)		2,304,900
	758,469	Toyota Auto Receivables Owner Trust 2.83%, 10/15/2021		761,124
	641,283	United Auto Credit Securitization Trust 2.82%, 07/12/2021(1)		642,348
	845,000	USAA Auto Owner Trust 2.26%, 02/15/2022		846,344
		Volkswagen Auto Lease Trust
	1,430,000	1.99%, 11/21/2022		1,431,385
	1,655,000	2.00%, 03/21/2022		1,654,760
	388,585	Volkswagen Auto Loan Enhanced Trust 2.81%, 07/20/2021		389,290
		Westlake Automobile Receivables Trust
	1,295,000	2.15%, 02/15/2023(1)		1,295,056
	127,690	2.84%, 09/15/2021(1)		127,743
	1,265,491	3.06%, 05/16/2022(1)		1,270,017
		Wheels SPV LLC
	63,372	1.88%, 04/20/2026(1)		63,355
	442,051	2.37%, 06/22/2020(1)		442,341
	1,383,868	3.06%, 04/20/2027(1)		1,391,334
		World Omni Auto Receivables Trust
	823,718	2.63%, 06/15/2022		826,213
	497,496	2.80%, 01/18/2022		498,259
	844,318	3.01%, 04/15/2022		846,745
	1,415,302	3.02%, 04/15/2022		1,420,703
		World Omni Automobile Lease Securitization Trust
	100,186	2.59%, 11/16/2020		100,202
	702,218	2.96%, 06/15/2021		704,559
	1,480,000	World Omni Select Auto Trust 2.06%, 08/15/2023		1,479,658
				124,758,265

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 40.4% - (continued)
		Asset-Backed - Credit Card - 0.2%
$	915,000	Barclays Dryrock Issuance Trust 2.07%, 03/15/2023, 1 mo. USD LIBOR + 0.330%(2)	$	915,601
		Asset-Backed - Finance & Insurance - 8.3%
		CNH Equipment Trust
	2,845,000	1.99%, 03/15/2023		2,844,648
	725,000	2.55%, 09/15/2022		727,568
	339,831	2.78%, 08/16/2021		339,998
	679,054	2.93%, 12/15/2021		680,479
	1,095,670	2.96%, 05/16/2022		1,100,125
		DLL LLC
	2,280,000	2.13%, 01/20/2022(1)		2,278,989
	640,899	2.79%, 11/22/2021(1)		642,914
	1,225,000	2.89%, 04/20/2023(1)		1,238,007
	312,925	Ellington Financial Mortgage Trust 2.74%, 11/25/2059(1)(3)		312,787
	1,150,000	Evergreen Credit Card Trust 1.90%, 09/15/2024(1)		1,144,933
		GMF Floorplan Owner Revolving Trust
	2,675,000	2.17%, 07/15/2022, 1 mo. USD LIBOR + 0.430%(1)(2)		2,677,034
	1,440,000	2.31%, 01/18/2022, 1 mo. USD LIBOR + 0.570%(1)(2)		1,440,187
	742,000	2.70%, 04/15/2024(1)		746,181
		HPEFS Equipment Trust
	875,000	2.19%, 09/20/2029(1)		875,759
	628,000	2.21%, 09/20/2029(1)		628,512
	1,808,476	John Deere Owner Trust 2.85%, 12/15/2021		1,814,359
		Kubota Credit Owner Trust
	2,425,000	2.49%, 06/15/2022(1)		2,434,181
	285,574	2.80%, 02/16/2021(1)		285,842
		MMAF Equipment Finance LLC
	735,000	2.07%, 10/12/2022(1)		735,126
	1,253,749	2.84%, 01/10/2022(1)		1,258,833
	456,617	2.92%, 07/12/2021(1)		457,482
		New York City Tax Lien
	1,541,000	2.19%, 11/10/2032(1)		1,540,276
	1,353,781	3.22%, 11/10/2031(1)		1,355,946
		SoFi Consumer Loan Program Trust
	1,992,964	2.45%, 08/25/2028(1)		1,995,969
	1,760,428	2.90%, 05/25/2028(1)		1,771,393
		Verizon Owner Trust
	315,457	1.92%, 12/20/2021(1)		315,423
	213,961	2.06%, 09/20/2021(1)		213,973
	2,235,000	2.33%, 12/20/2023		2,251,038
	1,060,000	3.23%, 04/20/2023		1,077,952
		Volvo Financial Equipment LLC
	885,000	2.02%, 08/15/2022(1)		884,854
	835,000	2.04%, 11/15/2023(1)		835,483
	384,382	2.90%, 11/15/2021(1)		385,780
	230,000	Volvo Financial Equipment Master Owner Trust 2.24%, 11/15/2022, 1 mo. USD LIBOR + 0.500%(1)(2)		230,524
				37,522,555
		Asset-Backed - Student Loan - 0.4%
		SLM Student Loan Trust
	195,222	2.03%, 10/25/2024, 3 mo. USD LIBOR + 0.090%(2)		195,075
	533,223	2.06%, 01/25/2027, 3 mo. USD LIBOR + 0.120%(2)		528,897
	201,263	2.31%, 03/25/2026, 1 mo. USD LIBOR + 0.520%(2)		201,304
	762,770	2.39%, 11/25/2027, 1 mo. USD LIBOR + 0.600%(2)		763,749
				1,689,025

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

139

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 40.4% - (continued)
		Commercial Mortgage - Backed Securities - 0.3%
$	800,000	GS Mortgage Securities Corp. Trust 2.44%, 07/15/2032, 1 mo. USD LIBOR + 0.700%(1)(2)	$	799,016
	608,917	SG Residential Mortgage Trust 3.43%, 04/27/2048(1)(3)		610,075
				1,409,091
		Other ABS - 1.7%
	1,251,224	Daimler Trucks Retail Trust 2.77%, 04/15/2021(1)		1,253,843
	2,415,000	Hertz Fleet Lease Funding L.P. 2.70%, 01/10/2033(1)		2,432,462
	478,261	Nationstar HECM Loan Trust 2.65%, 06/25/2029(1)(3)		478,465
	1,490,000	OnDeck Asset Securitization Trust LLC 2.65%, 11/18/2024(1)		1,491,788
	2,235,000	Transportation Finance Equipment Trust 1.90%, 01/24/2022(1)		2,231,228
				7,887,786
		Whole Loan Collateral CMO - 1.8%
	585,917	Bunker Hill Loan Depositary Trust 3.61%, 10/26/2048(1)(4)		592,106
	871,894	COLT Mortgage Loan Trust 3.69%, 10/26/2048(1)(3)		876,469
	1,033,795	New Residential Mortgage Loan Trust 4.00%, 08/27/2057(1)(3)		1,073,577
	121,975	OBX Trust 2.44%, 06/25/2057, 1 mo. USD LIBOR + 0.650%(1)(2)		121,319
	1,121,796	Towd Point Mortgage Trust 2.39%, 02/25/2057, 1 mo. USD LIBOR + 0.600%(1)(2)		1,119,025
		Verus Securitization Trust
	1,243,171	2.64%, 11/25/2059(1)(4)		1,242,570
	1,100,085	2.78%, 07/25/2059(1)(4)		1,101,664
	287,382	2.93%, 02/25/2048(1)(3)		287,407
	980,242	3.21%, 05/25/2059(1)(3)		986,252
	624,800	3.68%, 06/01/2058(1)(3)		628,368
				8,028,757
		Total Asset & Commercial Mortgage Backed Securities (cost $181,745,652)	$	182,211,080
CORPORATE BONDS - 28.2%
		Aerospace/Defense - 0.3%
$	1,500,000	United Technologies Corp. 2.55%, 08/16/2021, 3 mo. USD LIBOR + 0.650%(2)	$	1,500,193
		Agriculture - 0.4%
	1,750,000	Philip Morris International, Inc. 2.32%, 02/21/2020, 3 mo. USD LIBOR + 0.420%(2)		1,750,844
		Auto Manufacturers - 2.0%
	715,000	Daimler Finance North America LLC 2.29%, 05/04/2020, 3 mo. USD LIBOR + 0.390%(1)(2)		715,467
	1,000,000	General Motors Financial Co., Inc. 2.86%, 04/09/2021, 3 mo. USD LIBOR + 0.850%(2)		1,001,966
	1,250,000	Hyundai Capital America 2.97%, 07/08/2021, 3 mo. USD LIBOR + 0.940%(1)(2)		1,253,166
	1,900,000	Nissan Motor Acceptance Corp. 2.35%, 09/28/2020, 3 mo. USD LIBOR + 0.390%(1)(2)		1,900,594
		Toyota Motor Credit Corp.
	1,000,000	2.20%, 01/10/2020		999,995
	2,000,000	2.26%, 04/17/2020, 3 mo. USD LIBOR + 0.260%(2)		2,001,609
	1,195,000	Volkswagen Group of America Finance LLC 3.88%, 11/13/2020(1)		1,214,512
				9,087,309

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 28.2% - (continued)
		Commercial Banks - 12.7%
$	1,000,000	ABN Amro Bank N.V. 2.49%, 08/27/2021, 3 mo. USD LIBOR + 0.570%(1)(2)	$	1,004,166
	1,500,000	Bank of America Corp. 2.75%, 10/01/2021, 3 mo. USD LIBOR + 0.650%(2)		1,504,264
	640,000	Bank of New York Mellon Corp. 1.95%, 08/23/2022		641,414
	1,500,000	BB&T Corp. 2.46%, 06/15/2020, 3 mo. USD LIBOR + 0.570%(2)		1,502,770
	718,000	BPCE S.A. 2.25%, 01/27/2020		717,998
		Canadian Imperial Bank of Commerce
	1,750,000	2.22%, 02/02/2021, 3 mo. USD LIBOR + 0.315%(2)		1,752,751
	900,000	2.34%, 03/17/2023, 3 mo. USD SOFR SOFRRATE + 0.800%(2)		902,933
		Capital One Financial Corp.
	1,250,000	2.66%, 05/12/2020, 3 mo. USD LIBOR + 0.760%(2)		1,252,344
	1,500,000	2.84%, 03/09/2022, 3 mo. USD LIBOR + 0.950%(2)		1,515,454
	350,000	Capital One NA 2.15%, 09/06/2022		350,594
	1,500,000	Citibank NA 2.84%, 05/20/2022, (2.84% fixed rate until 05/20/2021; 3 mo. USD LIBOR + 0.596% thereafter)(5)		1,518,217
	1,125,000	Citigroup, Inc. 2.65%, 10/26/2020		1,131,141
	1,500,000	Citizens Bank NA 2.45%, 03/02/2020, 3 mo. USD LIBOR + 0.540%(2)		1,500,638
	2,500,000	Credit Agricole S.A. 2.86%, 06/10/2020, 3 mo. USD LIBOR + 0.970%(1)(2)		2,509,275
	1,945,000	Credit Suisse AG 2.10%, 11/12/2021		1,954,205
		Danske Bank A/S
	1,500,000	2.42%, 03/02/2020, 3 mo. USD LIBOR + 0.510%(1)(2)		1,500,429
	1,250,000	3.00%, 09/20/2022, (3.00% fixed rate until 09/20/2021; 3 mo. USD LIBOR + 1.249% thereafter)(1)(5)		1,261,080
	1,500,000	Deutsche Bank AG 2.97%, 07/13/2020, 3 mo. USD LIBOR + 0.970%(2)		1,501,245
	1,500,000	DNB Bank ASA 2.28%, 10/02/2020, 3 mo. USD LIBOR + 0.370%(1)(2)		1,502,490
		Fifth Third Bank
	1,000,000	2.19%, 10/30/2020, 3 mo. USD LIBOR + 0.250%(2)		1,000,732
	500,000	2.20%, 10/30/2020		500,855
		Goldman Sachs Group, Inc.
	3,500,000	3.08%, 11/15/2021, 3 mo. USD LIBOR + 1.170%(2)		3,527,237
	2,000,000	3.09%, 04/23/2020, 3 mo. USD LIBOR + 1.160%(2)		2,004,504
		HSBC Holdings plc
	1,785,000	2.50%, 05/18/2021, 3 mo. USD LIBOR + 0.600%(2)		1,786,817
	750,000	2.54%, 09/11/2021, 3 mo. USD LIBOR + 0.650%(2)		751,642
	1,500,000	Huntington National Bank 2.40%, 03/10/2020, 3 mo. USD LIBOR + 0.510%(2)		1,501,226
	1,500,000	JP Morgan Chase & Co. 2.59%, 06/01/2021, 3 mo. USD LIBOR + 0.680%(2)		1,502,435
	1,250,000	Manufacturers & Traders Trust Co. 2.21%, 01/25/2021, 3 mo. USD LIBOR + 0.270%(2)		1,250,559
	750,000	PNC Bank NA 2.50%, 01/22/2021		754,466
		Regions Bank
	1,500,000	2.29%, 04/01/2021, 3 mo. USD LIBOR + 0.380%(2)		1,500,285
	1,000,000	2.41%, 08/13/2021, 3 mo. USD LIBOR + 0.500%(2)		1,000,899

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

140

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 28.2% - (continued)
		Commercial Banks - 12.7% - (continued)
		Santander UK plc
$	750,000	2.13%, 11/03/2020	$	750,894
	1,500,000	2.53%, 06/01/2021, 3 mo. USD LIBOR + 0.620%(2)		1,505,167
	1,360,000	Standard Chartered plc 2.74%, 09/10/2022, (2.74% fixed rate until 09/10/2021; 3 mo. USD LIBOR + 1.200% thereafter)(1)(5)		1,368,494
		Sumitomo Mitsui Banking Corp.
	1,000,000	2.35%, 01/17/2020, 3 mo. USD LIBOR + 0.350%(2)		1,000,195
	1,000,000	2.51%, 01/17/2020		1,000,179
	1,000,000	SunTrust Bank 2.59%, 01/29/2021, 3 mo. USD LIBOR + 0.298%(5)		1,002,187
		Svenska Handelsbanken AB
	1,250,000	2.25%, 09/08/2020, 3 mo. USD LIBOR + 0.360%(2)		1,251,961
	1,250,000	2.38%, 05/24/2021, 3 mo. USD LIBOR + 0.470%(2)		1,254,002
		U.S. Bank NA
	1,000,000	2.05%, 10/23/2020(6)		1,001,288
	1,775,000	2.19%, 05/21/2021, 3 mo. USD LIBOR + 0.290%(2)		1,776,199
		UBS AG
	715,000	2.45%, 12/01/2020(1)		717,441
	800,000	2.47%, 06/08/2020, 3 mo. USD LIBOR + 0.580%(1)(2)		801,324
	1,025,000	Wells Fargo Bank NA 2.60%, 01/15/2021		1,032,188
				57,066,584
		Commercial Services - 0.2%
	915,000	Equifax, Inc. 2.78%, 08/15/2021, 3 mo. USD LIBOR + 0.870%(2)		918,324
		Diversified Financial Services - 1.9%
	1,250,000	AIG Global Funding 2.41%, 06/25/2021, 3 mo. USD LIBOR + 0.460%(1)(2)		1,254,689
	3,655,000	Ally Financial, Inc. 4.13%, 03/30/2020		3,668,706
	1,000,000	American Express Co. 2.43%, 05/17/2021, 3 mo. USD LIBOR + 0.525%(2)		1,004,112
	1,700,000	Synchrony Financial 3.13%, 02/03/2020, 3 mo. USD LIBOR + 1.230%(2)		1,701,335
	945,000	USAA Capital Corp. 2.63%, 06/01/2021(1)		955,504
				8,584,346
		Electric - 0.8%
	1,250,000	American Electric Power Co., Inc. 2.15%, 11/13/2020		1,252,446
		NextEra Energy Capital Holdings, Inc.
	990,000	2.40%, 09/01/2021		997,141
	1,500,000	3.34%, 09/01/2020		1,513,131
				3,762,718
		Electronics - 0.2%
	1,000,000	Honeywell International, Inc. 2.15%, 08/08/2022		1,009,207
		Food - 0.6%
	1,250,000	Conagra Brands, Inc. 2.70%, 10/22/2020, 3 mo. USD LIBOR + 0.750%(2)		1,250,113
	1,500,000	Kraft Heinz Foods Co. 2.47%, 02/10/2021, 3 mo. USD LIBOR + 0.570%(2)		1,502,132
				2,752,245
		Healthcare-Services - 0.2%
	1,000,000	UnitedHealth Group, Inc. 1.95%, 10/15/2020		1,000,053
		Insurance - 1.6%
	440,000	Allstate Corp. 2.39%, 03/29/2021, 3 mo. USD LIBOR + 0.430%(2)		441,032

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 28.2% - (continued)
		Insurance - 1.6% - (continued)
$	704,000	MassMutual Global Funding II 1.95%, 09/22/2020(1)	$	704,298
		Metropolitan Life Global Funding I
	2,000,000	2.11%, 09/07/2020, 3 mo. USD SOFR + 0.570%(1)(2)		2,003,830
	795,000	2.40%, 01/08/2021(1)		798,932
		New York Life Global Funding
	2,000,000	2.28%, 04/09/2020, 3 mo. USD LIBOR + 0.270%(1)(2)		2,001,858
	325,000	2.95%, 01/28/2021(1)		329,549
	1,000,000	Protective Life Global Funding 2.48%, 06/28/2021, 3 mo. USD LIBOR + 0.520%(1)(2)		1,004,577
				7,284,076
		IT Services - 1.4%
	1,425,000	Apple, Inc. 1.97%, 05/11/2020, 3 mo. USD LIBOR + 0.070%(2)		1,425,590
		Hewlett Packard Enterprise Co.
	1,250,000	2.57%, 03/12/2021, 3 mo. USD LIBOR + 0.680%(2)		1,254,650
	1,000,000	2.76%, 10/05/2021, 3 mo. USD LIBOR + 0.720%(2)		1,000,132
	1,500,000	IBM Credit LLC 3.45%, 11/30/2020		1,523,155
	1,250,000	International Business Machines Corp. 2.80%, 05/13/2021		1,266,780
				6,470,307
		Machinery-Diversified - 0.7%
		John Deere Capital Corp.
	2,000,000	2.19%, 03/13/2020, 3 mo. USD LIBOR + 0.300%(2)		2,000,887
	1,125,000	2.22%, 06/22/2020, 3 mo. USD LIBOR + 0.290%(2)		1,126,104
				3,126,991
		Media - 0.7%
	1,125,000	NBCUniversal Enterprise, Inc. 2.31%, 04/01/2021, 3 mo. USD LIBOR + 0.400%(1)(2)		1,127,813
	1,750,000	Viacom, Inc. 4.50%, 03/01/2021		1,798,340
				2,926,153
		Miscellaneous Manufacturing - 0.3%
	1,500,000	Siemens Financieringsmaatschappij N.V. 2.23%, 03/16/2020, 3 mo. USD LIBOR + 0.340%(1)(2)		1,500,693
		Oil & Gas - 0.8%
		Occidental Petroleum Corp.
	775,000	2.60%, 08/13/2021		780,735
	1,000,000	3.16%, 08/13/2021, 3 mo. USD LIBOR + 1.250%(2)		1,005,309
	1,660,000	Phillips 66 2.75%, 04/15/2020, 3 mo. USD LIBOR + 0.750%(1)(2)		1,660,686
				3,446,730
		Oil & Gas Services - 0.3%
	1,250,000	Schlumberger Finance Canada Ltd. 2.20%, 11/20/2020(1)		1,251,869
		Pharmaceuticals - 1.7%
	1,675,000	AbbVie, Inc. 2.55%, 11/21/2022, 3 mo. USD LIBOR + 0.650%(1)(2)		1,683,285
	1,500,000	Bayer U.S. Finance LLC 2.58%, 06/25/2021, 3 mo. USD LIBOR + 0.630%(1)(2)		1,504,733
	1,700,000	Bristol-Myers Squibb Co. 2.55%, 05/14/2021(1)		1,716,907
	2,000,000	Cigna Corp. 3.20%, 09/17/2020		2,015,562
	700,000	CVS Health Corp. 2.61%, 03/09/2021, 3 mo. USD LIBOR + 0.720%(2)		704,292
				7,624,779

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

141

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
CORPORATE BONDS - 28.2% - (continued)
		Pipelines - 0.1%
$	330,000	MPLX L.P. 2.79%, 09/09/2021, 3 mo. USD LIBOR + 0.900%(2)	$	331,010
		Retail - 0.6%
	1,100,000	Dollar Tree, Inc. 2.70%, 04/17/2020, 3 mo. USD LIBOR + 0.700%(2)		1,100,204
	1,500,000	Home Depot, Inc. 2.04%, 06/05/2020, 3 mo. USD LIBOR + 0.150%(2)		1,501,249
				2,601,453
		Semiconductors - 0.4%
	1,750,000	Broadcom, Inc. 3.13%, 04/15/2021(1)		1,771,246
		Trucking & Leasing - 0.3%
	1,375,000	Aviation Capital Group LLC 2.61%, 07/30/2021, 3 mo. USD LIBOR + 0.670%(1)(2)		1,374,973
		Total Corporate Bonds (cost $126,680,143)	$	127,142,103
U.S. GOVERNMENT AGENCIES - 1.8%
		Mortgage-Backed Agencies - 1.8%
		FHLMC - 0.5%
$	2,019,846	FHLMC 3.00%, 05/15/2037	$	2,038,919
		GNMA - 1.3%
	2,535,988	1.70%, 10/20/2045	$	2,514,495
	3,402,983	1.80%, 05/20/2041		3,382,991
				5,897,486
		Total U.S. Government Agencies (cost $7,927,521)	$	7,936,405
U.S. GOVERNMENT SECURITIES - 27.8%
		Other Direct Federal Obligations - 3.2%
$	1,050,000	Federal Farm Credit Discount Notes 0.00%, 08/11/2020(7)	$	1,039,899
	9,000,000	FHLB 1.72%, 12/17/2020, 1 mo. USD LIBOR - 0.040%(2)		8,998,288
	4,460,000	FNMA 2.88%, 10/30/2020		4,504,902
				14,543,089
		U.S. Treasury Securities - 24.6%
		U.S. Treasury Notes - 24.6%
	10,000,000	1.38%, 04/30/2021		9,969,531
	8,625,000	1.50%, 05/15/2020		8,620,620
	10,000,000	1.63%, 06/30/2020		10,000,000
	14,050,000	1.63%, 07/31/2020		14,049,451
	11,500,000	1.63%, 10/15/2020(6)		11,498,652
	10,000,000	1.63%, 11/30/2020		9,997,656
	14,650,000	1.64%, 01/31/2021, 3 mo. USTMMR + 0.115%(2)		14,644,353
	4,800,000	1.67%, 04/30/2021, 3 mo. USTMMR + 0.139%(2)		4,797,367
	22,625,000	1.75%, 11/30/2021		22,694,820
	4,425,000	2.88%, 10/15/2021		4,524,217
				110,796,667
		Total U.S. Government Securities (cost $125,144,771)	$	125,339,756
		Total Long-Term Investments (cost $441,498,087)	$	442,629,344

Shares or Principal Amount			Market Value†
SHORT-TERM INVESTMENTS - 3.3%
		Commercial Paper - 0.2%
	1,000,000	ING U.S. Funding LLC 2.06%, 09/14/2020, 3 mo. USD LIBOR + 0.150%(2)(8)	$	999,999
		Other Investment Pools & Funds - 1.4%
	6,240,584	Fidelity Institutional Government Fund, Institutional Class, 1.49%(9)		6,240,584
		Securities Lending Collateral - 1.7%
	370,415	Citibank NA DDCA, 1.54%, 1/2/2020(9)		370,415
	1,796,167	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 1.52%(9)		1,796,167
	1,655,279	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 1.75%(9)		1,655,279
	827,640	JPMorgan Prime Money Market Fund, 1.69%(9)		827,640
	2,207,039	Morgan Stanley Institutional Liquidity Funds, Prime Portfolio, Institutional Class, 1.72%(9)		2,207,039
	551,760	State Street Institutional Liquid Reserves Fund, 1.70%(9)		551,760
				7,408,300
		Total Short-Term Investments (cost $14,648,884)	$	14,648,883

Total Investments (cost $456,146,971)	101.5	%	$	457,278,227
Other Assets and Liabilities	(1.5	)%		(6,546,404	)
Total Net Assets	100.0	%	$	450,731,823

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

⁽¹⁾  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At December 31, 2019, the aggregate value of these securities was $148,944,683, representing 33.0% of net assets.

⁽²⁾  Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2019. Base lending rates may be subject to a floor or cap.

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

⁽⁵⁾  Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at December 31, 2019. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.

⁽⁶⁾  Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

⁽⁷⁾  Security is a zero-coupon bond.

⁽⁸⁾  The rate shown represents current yield to maturity.

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

142

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2019

⁽⁹⁾  Current yield as of period end.

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

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total		Level 1		Level 2		Level 3(1)
Assets
Asset & Commercial Mortgage Backed Securities	$	182,211,080	$	—	$	182,211,080	$	—
Corporate Bonds		127,142,103		—		127,142,103		—
U.S. Government Agencies		7,936,405		—		7,936,405		—
U.S. Government Securities		125,339,756		—		125,339,756		—
Short-Term Investments		14,648,883		13,648,884		999,999		—
Total	$	457,278,227	$	13,648,884	$	443,629,343	$	—

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and out of Level 3.

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

143

Hartford U.S. Government Securities HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 19.9%
		Agency Collat PAC CMO - 0.1%
$	1,392,841	Freddie Mac Strips 5.00%, 09/15/2036(1)	$	268,279
		Asset-Backed - Automobile - 1.0%
	350,000	Avis Budget Rental Car Funding AESOP LLC 2.99%, 06/20/2022(2)		353,711
	1,890,265	Capital Auto Receivables Asset Trust 3.62%, 05/20/2021		1,891,707
	1,020,000	Toyota Auto Loan Extended Note Trust 2.56%, 11/25/2031(2)		1,035,684
				3,281,102
		Asset-Backed - Finance & Insurance - 1.8%
	1,157,386	NRZ Excess Spread-Collateralized Notes 3.19%, 01/25/2023(2)		1,160,983
	286,859	Structured Asset Securities Corp. 3.29%, 02/25/2033, 1 mo. USD LIBOR + 1.500%(3)		289,328
		Towd Point Mortgage Trust
	2,186,032	3.75%, 03/25/2058(2)(4)		2,269,597
	2,064,710	3.75%, 05/25/2058(2)(4)		2,136,089
				5,855,997
		Asset-Backed - Home Equity - 0.3%
	413,390	Morgan Stanley Asset-Backed Securities Capital, Inc. Trust 3.29%, 11/25/2032, 1 mo. USD LIBOR + 1.500%(3)		411,861
	7,585,784	Morgan Stanley Capital Trust 0.84%, 07/15/2051(1)(4)		418,907
				830,768
		Commercial Mortgage - Backed Securities - 5.7%
	22,841,178	Benchmark Mortgage Trust 0.54%, 07/15/2051(1)(4)		780,718
	3,400,000	CSMC Trust 2.76%, 04/05/2033(2)		3,404,754
		FREMF Mortgage Trust
	955,000	3.65%, 11/25/2050(2)(4)		976,041
	1,515,000	3.70%, 04/25/2048(2)(4)		1,560,668
	1,325,000	3.73%, 10/25/2049(2)(4)		1,370,805
	1,005,000	3.80%, 02/25/2050(2)(4)		1,032,984
	700,000	3.84%, 10/25/2049(2)(4)		729,588
	660,000	3.94%, 09/25/2049(2)(4)		692,349
	4,580,000	3.98%, 04/25/2051(2)(4)		4,748,616
	1,990,000	5.52%, 04/25/2020(2)(4)		1,992,212
	448,000	Natixis Commercial Mortgage Securities Trust 4.40%, 06/17/2038(2)		495,638
		Wells Fargo N.A.
	3,315,000	0.76%, 12/15/2052(1)(4)		193,687
	5,264,656	0.84%, 09/15/2062(1)(4)		353,374
				18,331,434
		Other ABS - 1.2%
	1,755,000	MMAF Equipment Finance LLC 2.29%, 11/12/2041(2)		1,732,184
	1,896,889	United States Small Business Administration 3.07%, 05/01/2044		1,975,200
				3,707,384
		Real Estate - 0.2%
	6,758,055	Cantor Commercial Real Estate 1.14%, 05/15/2052(1)(4)		562,082
		Whole Loan Collateral CMO - 9.6%
		Angel Oak Mortgage Trust LLC
	2,811,899	2.93%, 05/25/2059(2)(4)		2,818,453
	3,797,918	3.63%, 03/25/2049(2)(4)		3,840,906
	2,279,690	CIM Trust 3.00%, 04/25/2057(2)(4)		2,288,609
		COLT Mortgage Loan Trust
	1,809,287	2.58%, 11/25/2049(2)(4)		1,806,222
	1,207,644	3.34%, 05/25/2049(2)(4)		1,209,570

Shares or Principal Amount			Market Value†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 19.9% - (continued)
		Whole Loan Collateral CMO - 9.6% - (continued)
		Deephaven Residential Mortgage Trust
$	179,362	2.73%, 12/26/2046(2)(4)	$	178,717
	1,252,741	3.56%, 04/25/2059(2)(4)		1,261,115
	598,419	LSTAR Securities Investment Trust 3.21%, 04/01/2024, 1 mo. USD LIBOR + 1.500%(2)(3)		597,107
	1,519,970	Mill City Mortgage Loan Trust 3.25%, 05/25/2062(2)(4)		1,544,092
		New Residential Mortgage Loan Trust
	858,052	3.25%, 09/25/2056(2)(4)		873,225
	1,292,153	3.60%, 04/25/2049(2)(4)		1,302,069
	1,055,969	3.75%, 03/25/2056(2)(4)		1,088,336
	1,074,887	Spruce Hill Mortgage Loan Trust 3.40%, 04/29/2049(2)(4)		1,080,739
		Towd Point Mortgage Trust
	3,146,812	2.39%, 02/25/2057, 1 mo. USD LIBOR + 0.600%(2)(3)		3,139,038
	2,072,820	2.90%, 10/25/2059(2)(4)		2,084,739
	488,704	3.00%, 11/25/2057(2)(4)		489,925
	2,399,000	3.75%, 04/25/2055(2)(4)		2,486,474
		Verus Securitization Trust
	1,499,707	2.78%, 07/25/2059(2)(5)		1,501,860
	1,350,504	3.21%, 05/25/2059(2)(4)		1,358,783
				30,949,979
		Total Asset & Commercial Mortgage Backed Securities (cost $63,009,155)	$	63,787,025
U.S. GOVERNMENT AGENCIES - 70.9%
		Mortgage-Backed Agencies - 70.0%
		FHLMC - 29.6%
$	2,206,551	1.25%, 07/15/2042	$	2,137,056
	68,450,000	1.38%, 05/01/2020		68,386,855
	3,041,495	1.57%, 01/25/2022		3,027,884
	597,368	2.50%, 12/15/2026(1)		25,718
	598,400	2.50%, 03/15/2028(1)		37,241
	442,275	2.50%, 05/15/2028(1)		30,665
	759,184	3.00%, 04/15/2028(1)		58,440
	568,047	3.00%, 05/15/2032(1)		32,420
	478,606	3.00%, 03/15/2033(1)		51,066
	3,406,102	3.00%, 11/01/2036		3,489,382
	109,598	3.00%, 09/01/2045		111,894
	3,155,422	3.00%, 05/15/2046		3,250,118
	742,661	3.00%, 08/15/2047		762,136
	4,703,816	3.50%, 11/15/2025		4,847,778
	595,505	3.50%, 06/15/2026(1)		26,057
	242,544	3.50%, 09/15/2026(1)		19,128
	396,626	3.50%, 03/15/2027(1)		27,230
	1,286,586	3.50%, 01/15/2028(1)		106,847
	238,008	4.00%, 07/15/2027(1)		21,493
	682,490	4.00%, 03/15/2028(1)		50,413
	380,455	4.00%, 06/15/2028(1)		31,039
	783,779	4.00%, 07/15/2030(1)		80,163
	1,354,868	4.50%, 02/15/2027(1)		123,182
	1,779,696	4.50%, 05/15/2034		1,883,443
	215,597	4.69%, 07/25/2028, 1 mo. USD LIBOR + 2.900%(3)		216,493
	615,866	5.00%, 09/15/2033(1)		110,696
	712,459	5.00%, 02/15/2048(1)		143,275
	3,280	5.50%, 06/01/2034		3,626
	25,050	5.50%, 10/01/2035		28,186
	42,602	5.50%, 04/01/2037		47,826
	638,600	5.50%, 12/01/2037		716,462
	206,657	5.50%, 04/01/2038		232,282

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

144

Hartford U.S. Government Securities HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT AGENCIES - 70.9% - (continued)
		Mortgage-Backed Agencies - 70.0% - (continued)
		FHLMC - 29.6% - (continued)
$	12,402	5.50%, 05/01/2038	$	13,940
	980,652	5.50%, 08/01/2038		1,101,716
	1,994	5.50%, 12/01/2039		2,247
	10,987	6.00%, 10/01/2021		12,086
	21,553	6.00%, 10/01/2022		23,710
	43,924	6.00%, 01/01/2028		48,471
	13,704	6.00%, 04/15/2028		15,055
	26,352	6.00%, 05/15/2028(6)		29,060
	33,213	6.00%, 11/15/2028		36,509
	60,438	6.00%, 12/15/2028		66,886
	127,046	6.00%, 01/15/2029		140,927
	29,403	6.00%, 02/15/2029		32,351
	32,664	6.00%, 03/15/2029		36,274
	22,331	6.00%, 05/15/2029		24,548
	4,826	6.00%, 06/15/2029		5,324
	1,318	6.00%, 03/15/2031		1,487
	61,422	6.00%, 04/15/2031		68,527
	25,498	6.00%, 10/15/2031		28,562
	34,856	6.00%, 12/01/2031		39,983
	200,878	6.00%, 12/15/2031(6)		228,497
	277,705	6.00%, 12/15/2031		313,724
	9,157	6.00%, 05/15/2032		10,175
	587,055	6.00%, 06/15/2032		652,412
	519,044	6.00%, 09/15/2032		583,652
	44,913	6.00%, 10/15/2032		51,854
	373	6.00%, 11/01/2032		428
	38,493	6.00%, 11/15/2032		43,493
	13,873	6.00%, 04/01/2033		15,274
	14,087	6.00%, 09/01/2034		16,117
	3,760	6.50%, 04/01/2028		4,176
	195,793	6.50%, 08/15/2028		217,686
	458,500	6.50%, 05/15/2032		524,860
	70,498	6.50%, 08/01/2032		78,600
	171,869	6.50%, 09/01/2032		196,201
	8,330	7.00%, 10/01/2026		8,344
	1,818	7.00%, 03/01/2027		1,929
	1,595	7.00%, 12/01/2027		1,598
	666	7.00%, 02/01/2029		759
	418	7.00%, 05/01/2029		480
	440	7.00%, 09/01/2029		458
	386	7.00%, 02/01/2031		445
	57,648	7.00%, 04/01/2032		66,025
	54,146	7.00%, 05/01/2032		55,235
	44,116	7.00%, 06/01/2032		51,304
	65,574	7.00%, 11/01/2032		74,380
	1,408	7.50%, 05/01/2024		1,493
	365	7.50%, 06/01/2024		366
	838	7.50%, 06/01/2025		894
	2,908	8.00%, 08/01/2024		2,926
	3,630	8.00%, 09/01/2024		3,712
	53	8.00%, 10/01/2024		56
				95,051,710
		FNMA - 19.6%
	6,672,410	1.57%, 05/25/2029(1)(4)		695,166
	1,011,862	2.00%, 09/25/2039		984,619
	658,992	2.05%, 11/01/2023		657,488
	596,420	2.13%, 08/25/2025, 1 mo. USD LIBOR + 0.400%(3)		595,572
	3,256,406	2.22%, 10/01/2022		3,279,684
	774,180	2.25%, 10/25/2024, 1 mo. USD LIBOR + 0.400%(3)		772,744
	1,072,982	2.26%, 04/25/2055(1)(4)		66,481
	1,363,834	2.28%, 06/25/2055(1)(4)		69,725

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT AGENCIES - 70.9% - (continued)
		FNMA - 19.6% - (continued)
$	526,504	2.34%, 04/25/2024, 1 mo. USD LIBOR + 0.490%(3)	$	527,693
	199,672	2.45%, 11/01/2022		201,988
	22,691	2.50%, 01/01/2043		22,582
	1,705,135	2.51%, 08/25/2044(1)(4)		92,392
	261,978	2.54%, 03/01/2023		265,447
	2,500,000	2.68%, 05/01/2025		2,553,960
	78,300	2.74%, 04/01/2022		79,200
	84,834	2.83%, 06/01/2022		86,777
	238,847	2.94%, 06/01/2022		244,328
	1,023,370	3.00%, 02/25/2027(1)		59,726
	1,113,219	3.00%, 07/25/2027(1)		72,447
	441,319	3.00%, 09/25/2027(1)		32,226
	51,283	3.00%, 12/01/2030		52,802
	1,127,381	3.00%, 06/25/2043		1,161,064
	110,293	3.02%, 04/01/2022		110,424
	511,118	3.07%, 06/01/2027		533,117
	7,182,117	3.11%, 10/01/2021		7,293,188
	556,198	3.25%, 12/01/2021		567,152
	333,753	3.26%, 01/01/2022		343,255
	210,706	3.50%, 11/01/2020		211,590
	2,487,647	3.50%, 04/25/2027(1)		188,740
	456,557	3.50%, 05/25/2027(1)		36,447
	772,119	3.50%, 10/25/2027(1)		63,406
	237,490	3.50%, 08/25/2030(1)		22,196
	512,077	3.50%, 02/25/2031(1)		37,139
	490,842	3.50%, 09/25/2035(1)		60,601
	9,314,627	3.50%, 04/25/2044		9,789,043
	2,762,430	3.50%, 03/25/2045		2,820,545
	478,687	3.50%, 10/25/2046(1)		97,162
	2,943,835	3.50%, 01/25/2047		3,069,415
	3,156,450	3.50%, 04/25/2053		3,250,138
	2,058,845	3.50%, 10/25/2056		2,155,701
	467,338	3.51%, 11/01/2021		477,663
	1,675,271	3.65%, 11/01/2021		1,715,566
	81,497	3.65%, 08/01/2023		85,669
	976,451	3.73%, 07/01/2022		1,004,491
	984,165	3.75%, 09/01/2023		1,038,812
	90,552	3.81%, 11/01/2023		96,584
	274,948	3.85%, 01/01/2024		292,595
	372,562	3.89%, 10/01/2023		395,824
	2,700,000	3.98%, 07/01/2021		2,771,830
	53,291	3.99%, 07/01/2021		54,442
	692,084	4.00%, 05/25/2027(1)		54,077
	1,034,976	4.50%, 10/01/2040		1,123,786
	451,178	4.50%, 10/01/2041		489,704
	2,196,760	4.50%, 02/25/2042(1)		257,826
	1,364,040	4.50%, 01/01/2043		1,480,623
	411,163	4.50%, 09/01/2043		446,367
	1,337,307	4.50%, 08/01/2044		1,451,850
	76,570	5.00%, 06/01/2025		79,637
	166,261	5.47%, 05/25/2042(1)(4)		16,427
	120,833	6.00%, 10/01/2023		132,857
	18,599	6.00%, 10/25/2028		20,435
	7,087	6.00%, 11/25/2028		7,841
	26,986	6.00%, 04/25/2029		29,631
	434	6.00%, 05/01/2029		492
	20,924	6.00%, 05/25/2029		23,037
	19,032	6.00%, 06/25/2029(6)		21,205
	45,461	6.00%, 07/25/2029		50,194
	219,334	6.00%, 05/25/2031(6)		241,739
	74,658	6.00%, 09/25/2031		83,844
	19,048	6.00%, 11/25/2031		21,144
	342,344	6.00%, 12/25/2031		382,246
	197,983	6.00%, 01/01/2032		221,864

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

145

Hartford U.S. Government Securities HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT AGENCIES - 70.9% - (continued)
		FNMA - 19.6% - (continued)
$	206	6.00%, 04/01/2032	$	227
	253	6.00%, 05/01/2032		290
	1,316	6.00%, 09/25/2032		1,489
	72,816	6.00%, 11/01/2032		80,201
	34,535	6.00%, 02/01/2033		39,560
	170,881	6.00%, 03/01/2033		195,776
	552,940	6.00%, 05/01/2033		633,842
	4,439	6.00%, 08/01/2034		4,887
	117,032	6.00%, 01/01/2035		129,156
	1,580,809	6.00%, 02/01/2037		1,809,389
	1,307,685	6.00%, 01/25/2042(1)		223,413
	947,617	6.00%, 09/25/2047(1)		224,493
	15	6.50%, 04/01/2024		16
	95	6.50%, 04/01/2027		106
	11,147	6.50%, 04/01/2028		12,372
	96	6.50%, 05/01/2028		106
	5,560	6.50%, 10/01/2028		6,171
	99,247	6.50%, 11/01/2028		110,455
	48,104	6.50%, 12/01/2028		53,393
	218,570	6.50%, 06/25/2029		234,451
	149,993	6.50%, 08/01/2029		167,105
	751	6.50%, 11/01/2030		833
	3,360	6.50%, 05/01/2031		3,787
	102,979	6.50%, 10/25/2031		116,681
	711,939	6.50%, 08/01/2032		799,203
	48,887	6.50%, 09/01/2032		54,262
	195	7.00%, 11/01/2031		199
	142,980	7.00%, 02/01/2032		163,571
	2,709	7.50%, 06/01/2023		2,844
	1,277	8.00%, 10/01/2029		1,445
	60	8.00%, 03/01/2030		61
	3,975	8.00%, 04/01/2030		4,713
	9	8.00%, 06/01/2030		9
	11,213	8.00%, 10/01/2030		13,238
	23,954	8.00%, 12/01/2030		27,249
	13	9.00%, 08/01/2020		13
	7,660	9.00%, 09/01/2021		7,690
				62,916,368
		UMBS - 13.1%
	14,950,000	2.50%, 01/16/2035(7)		15,086,652
	19,325,000	3.00%, 01/16/2035(7)		19,805,860
	1,348,000	3.50%, 01/14/2050(7)		1,386,702
	5,600,000	4.00%, 01/14/2050(7)		5,824,438
				42,103,652
		GNMA - 7.7%
	216,158	1.75%, 09/20/2043		214,144
	1,585,652	2.50%, 12/16/2039		1,610,664
	517,531	3.00%, 09/20/2028(1)		39,061
	345,152	3.00%, 02/16/2043(1)		50,113
	2,381,090	3.00%, 04/20/2045		2,459,331
	10,225,000	3.00%, 01/01/2050(7)		10,504,989
	207,756	3.50%, 02/16/2027(1)		16,398
	519,643	3.50%, 03/20/2027(1)		44,821
	478,434	3.50%, 07/20/2040(1)		38,841
	741,033	3.50%, 02/20/2041(1)		64,236
	1,299,298	3.50%, 04/20/2042(1)		128,687
	1,940,839	3.50%, 10/20/2042(1)		353,072
	154,345	3.50%, 05/20/2043(1)		30,849
	1,105,808	3.50%, 07/20/2043(1)		140,058
	2,818,021	3.50%, 01/20/2048		2,960,883
	10,000	3.50%, 01/01/2050(7)		10,306
	149,524	4.00%, 12/16/2026(1)		12,471
	2,203,641	4.00%, 05/20/2029(1)		190,207
	379,253	4.00%, 03/20/2043(1)		72,183

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT AGENCIES - 70.9% - (continued)
		GNMA - 7.7% - (continued)
$	183,509	4.00%, 01/20/2044(1)	$	39,337
	1,292,260	4.00%, 03/20/2047(1)		203,059
	2,030,680	4.00%, 07/20/2047(1)		323,606
	60,000	4.00%, 01/01/2050(7)		62,100
	528,615	4.50%, 04/20/2045(1)		114,579
	559,409	5.00%, 01/20/2034		616,881
	1,546,855	5.00%, 02/16/2040(1)		318,331
	456,385	5.00%, 05/20/2040(1)		107,594
	1,350,156	5.00%, 03/16/2044(1)		232,442
	358,379	5.00%, 01/16/2047(1)		77,578
	725,167	5.50%, 09/20/2033		800,254
	1,150,904	5.50%, 03/20/2039(1)		230,640
	1,135,338	5.50%, 02/16/2047(1)		268,875
	688,543	5.50%, 02/20/2047(1)		132,805
	299,556	6.00%, 01/15/2033		341,721
	227,832	6.00%, 02/15/2033		256,553
	1,234,531	6.00%, 09/20/2040(1)		265,733
	1,001,556	6.00%, 02/20/2046(1)		244,763
	25,571	6.50%, 12/15/2028		28,840
	20,951	6.50%, 05/15/2029		23,694
	11,523	6.50%, 09/15/2031		12,712
	176,951	6.50%, 10/15/2031		195,199
	175,880	6.50%, 11/15/2031		194,018
	125,235	6.50%, 01/15/2032		138,149
	4,531	7.00%, 06/20/2030		4,665
	10,419	7.00%, 05/15/2032		12,197
	41,615	7.00%, 07/15/2032		46,532
	72,124	7.00%, 09/15/2032		75,552
	428,073	7.00%, 10/15/2032(8)		488,459
	2,001	7.50%, 01/15/2023		2,006
	372	7.50%, 05/15/2023		385
	2,008	7.50%, 06/15/2023		2,027
	80	7.50%, 07/15/2023		80
	2,048	7.50%, 08/15/2023		2,099
	4,065	7.50%, 09/15/2023		4,073
	2,504	7.50%, 10/15/2023		2,556
	5,396	7.50%, 11/15/2023		5,540
	717	7.50%, 12/15/2023		718
	876	7.50%, 02/15/2024		878
	113	7.50%, 05/15/2024		120
	31,137	7.50%, 07/15/2027		33,614
	30,836	7.50%, 04/20/2030		35,631
	6,558	8.50%, 09/15/2024		7,079
	763	8.50%, 06/15/2029		784
	3,293	8.50%, 10/15/2029		3,376
	1,989	8.50%, 01/15/2030		2,077
	7,391	8.50%, 02/15/2030		7,414
	655	8.50%, 03/15/2030		676
				24,909,315
		Other Direct Federal Obligations - 0.9%
		SLM Student Loan Trust - 0.9%
	2,884,215	Nelnet Student Loan Trust 2.56%, 09/25/2065, 1 mo. USD LIBOR + 0.770%(2)(3)		2,835,988
		Total U.S. Government Agencies (cost $226,611,817)	$	227,817,033
U.S. GOVERNMENT SECURITIES - 17.2%
		U.S. Treasury Securities - 17.2%
		U.S. Treasury Notes - 17.2%
$	8,907,000	1.88%, 07/31/2022	$	8,969,975
	9,666,000	2.38%, 05/15/2029		10,053,773

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

146

Hartford U.S. Government Securities HLS Fund

Schedule of Investments – (continued)

December 31, 2019

Shares or Principal Amount			Market Value†
U.S. GOVERNMENT SECURITIES - 17.2% - (continued)
		U.S. Treasury Securities - 17.2% - (continued)
		U.S. Treasury Notes - 17.2% - (continued)
$	21,962,000	2.75%, 08/31/2023	$	22,821,606
	12,991,000	2.75%, 11/15/2023(8)(9)		13,521,297
				55,366,651
		Total U.S. Government Securities (cost $54,084,869)	$	55,366,651
		Total Long-Term Investments (cost $343,705,841)	$	346,970,709
SHORT-TERM INVESTMENTS - 8.1%
		Other Investment Pools & Funds - 8.1%
	26,140,693	Fidelity Institutional Government Fund, Institutional Class, 1.49%(10)	$	26,140,693
		Total Short-Term Investments (cost $26,140,693)	$	26,140,693

Total Investments (cost $369,846,534)	116.1	%	$	373,111,402
Other Assets and Liabilities	(16.1	)%		(51,726,953	)
Total Net Assets	100.0	%	$	321,384,449

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

⁽¹⁾  Securities disclosed are interest-only strips.

⁽²⁾  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At December 31, 2019, the aggregate value of these securities was $59,477,870, representing 18.5% of net assets.

⁽³⁾  Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2019. Base lending rates may be subject to a floor or cap.

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

⁽⁶⁾  These securities pay no principal or interest during their initial accrual period, but accrue additional principal at a specified coupon rate.

⁽⁷⁾  Represents or includes a TBA transaction.

⁽⁸⁾  All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of December 31, 2019, the market value of securities pledged was $22,382,756.

⁽⁹⁾  All, or a portion of the security, was pledged as collateral in connection with centrally cleared swap contracts. As of December 31, 2019, the market value of securities pledged was $1,925,518.

⁽¹⁰⁾  Current yield as of period end.

Futures Contracts Outstanding at December 31, 2019
Description	Number of Contracts		Expiration Date		Current Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Long position contracts:
U.S. Treasury 2-Year Note Future		10		03/31/2020	$	2,155,000	$	(803	)
U.S. Treasury 5-Year Note Future		454		03/31/2020		53,848,657		(178,807	)
U.S. Treasury 10-Year Note Future		398		03/20/2020		51,111,906		(352,404	)
U.S. Treasury 10-Year Ultra Future		32		03/20/2020		4,502,500		(56,074	)
Total futures contracts							$	(588,088	)

TBA Sale Commitments Outstanding at December 31, 2019
Description	Principal Amount		Maturity Date		Market Value†			Unrealized Appreciation/ (Depreciation)
UMBS, 3.00%	$	4,850,000		1/14/2050	$	(4,918,961	)	$	(9,050	)
UMBS, 4.50%		2,300,000		1/14/2050		(2,421,559	)		(2,246	)
Total (proceeds receivable $7,329,224)					$	(7,340,520	)	$	(11,296	)

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

147

Hartford U.S. Government Securities HLS Fund

Schedule of Investments – (continued)

December 31, 2019

At December 31, 2019, the aggregate market value of TBA Sale Commitments represents (2.3)% of total net assets.

Centrally Cleared Interest Rate Swap Contracts Outstanding at December 31, 2019
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)
3 Mo. USD LIBOR	2.95% Fixed	USD	6,201,000		06/18/23	Semi-Annual	$	—	$	—		$	(265,815	)	$	(265,815	)
3 Mo. USD LIBOR	3.00% Fixed	USD	4,916,000		04/30/25	Semi-Annual		—		(37	)		(325,096	)		(325,059	)
3 Mo. USD LIBOR	2.79% Fixed	USD	15,286,000		09/30/25	Semi-Annual		—		—			(891,876	)		(891,876	)
3 Mo. USD LIBOR	2.25% Fixed	USD	4,492,000		03/21/28	Semi-Annual		40,758		—			(168,305	)		(209,063	)
3 Mo. USD LIBOR	2.83% Fixed	USD	2,082,000		12/21/28	Semi-Annual		—		—			(168,314	)		(168,314	)
Total							$	40,758	$	(37	)	$	(1,819,406	)	$	(1,860,127	)

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

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total			Level 1			Level 2			Level 3(1)
Assets
Asset & Commercial Mortgage Backed Securities	$	63,787,025		$	—		$	63,787,025		$	—
U.S. Government Agencies		227,817,033			—			227,817,033			—
U.S. Government Securities		55,366,651			—			55,366,651			—
Short-Term Investments		26,140,693			26,140,693			—			—
Total	$	373,111,402		$	26,140,693		$	346,970,709		$	—
Liabilities
Futures Contracts(2)	$	(588,088	)	$	(588,088	)	$	—		$	—
Swaps - Interest Rate(2)		(1,860,127	)		—			(1,860,127	)		—
TBA Sale Commitments		(7,340,520	)		—			(7,340,520	)		—
Total	$	(9,788,735	)	$	(588,088	)	$	(9,200,647	)	$	—

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and 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 accompanying notes are an integral part of these financial statements.

148

Hartford Value HLS Fund

Schedule of Investments

December 31, 2019

Shares or Principal Amount			Market Value†
COMMON STOCKS - 100.2%
		Automobiles & Components - 1.1%
	168,630	Gentex Corp.	$	4,886,897
		Banks - 15.2%
	443,380	Bank of America Corp.		15,615,844
	135,385	Citigroup, Inc.		10,815,908
	147,722	JP Morgan Chase & Co.		20,592,447
	34,070	M&T Bank Corp.		5,783,382
	48,750	PNC Financial Services Group, Inc.		7,781,962
	122,000	Truist Financial Corp.		6,871,040
				67,460,583
		Capital Goods - 8.8%
	35,400	Deere & Co.		6,133,404
	71,650	Fortune Brands Home & Security, Inc.		4,681,611
	34,275	Ingersoll-Rand plc		4,555,833
	27,210	L3Harris Technologies, Inc.		5,384,043
	14,110	Lockheed Martin Corp.		5,494,152
	216,670	nVent Electric plc		5,542,418
	49,480	United Technologies Corp.		7,410,125
				39,201,586
		Consumer Durables & Apparel - 1.7%
	76,770	Lennar Corp. Class A		4,282,999
	122,860	Tapestry, Inc.		3,313,534
				7,596,533
		Consumer Services - 1.0%
	38,643	Hilton Worldwide Holdings, Inc.		4,285,895
		Diversified Financials - 2.1%
	13,955	BlackRock, Inc.		7,015,178
	41,290	Blackstone Group, Inc. Class A		2,309,763
				9,324,941
		Energy - 6.7%
	47,370	Concho Resources, Inc.		4,148,191
	200,355	Exxon Mobil Corp.		13,980,772
	251,590	Noble Energy, Inc.		6,249,496
	36,730	Pioneer Natural Resources Co.		5,559,820
				29,938,279
		Food & Staples Retailing - 1.0%
	106,770	US Foods Holding Corp.*		4,472,595
		Food, Beverage & Tobacco - 1.2%
	100,650	Mondelez International, Inc. Class A		5,543,802
		Health Care Equipment & Services - 8.6%
	29,960	Anthem, Inc.		9,048,819
	119,016	Koninklijke Philips N.V.		5,817,942
	96,426	Medtronic plc		10,939,530
	25,415	UnitedHealth Group, Inc.		7,471,502
	32,170	Zimmer Biomet Holdings, Inc.		4,815,205
				38,092,998
		Household & Personal Products - 1.0%
	75,190	Unilever N.V.		4,320,417
		Insurance - 8.4%
	99,295	American International Group, Inc.		5,096,812
	40,530	Assurant, Inc.		5,312,672
	47,740	Chubb Ltd.		7,431,209
	48,090	Intact Financial Corp.		5,200,260
	122,520	MetLife, Inc.		6,244,844
	107,840	Progressive Corp.		7,806,538
				37,092,335
		Materials - 5.2%
	55,210	Celanese Corp.		6,797,455
	107,363	Dow, Inc.*		5,875,977
	56,370	FMC Corp.		5,626,853

Shares or Principal Amount			Market Value†
COMMON STOCKS - 100.2% - (continued)
		Materials - 5.2% - (continued)
	121,860	Sealed Air Corp.	$	4,853,684
				23,153,969
		Media & Entertainment - 1.9%
	191,440	Comcast Corp. Class A		8,609,057
		Pharmaceuticals, Biotechnology & Life Sciences - 9.4%
	130,460	AstraZeneca plc ADR		6,504,736
	11,040	Biogen, Inc.*		3,275,899
	53,730	Eli Lilly & Co.		7,061,734
	58,820	Merck & Co., Inc.		5,349,679
	312,950	Pfizer, Inc.		12,261,381
	22,043	Roche Holding AG		7,164,033
				41,617,462
		Real Estate - 3.6%
	33,760	Crown Castle International Corp. REIT		4,798,984
	140,790	Gaming and Leisure Properties, Inc. REIT		6,061,010
	102,300	Highwoods Properties, Inc. REIT		5,003,493
				15,863,487
		Retailing - 2.7%
	34,650	Home Depot, Inc.		7,566,867
	74,900	TJX Cos., Inc.		4,573,394
				12,140,261
		Semiconductors & Semiconductor Equipment - 6.9%
	50,440	Analog Devices, Inc.		5,994,290
	230,290	Intel Corp.		13,782,857
	25,960	KLA Corp.		4,625,293
	119,880	Micron Technology, Inc.*		6,447,146
				30,849,586
		Software & Services - 1.4%
	84,020	Amdocs Ltd.		6,065,404
		Technology Hardware & Equipment - 3.5%
	109,720	Cisco Systems, Inc.		5,262,171
	190,930	Corning, Inc.		5,557,972
	77,250	NetApp, Inc.		4,808,813
				15,628,956
		Telecommunication Services - 2.7%
	192,470	Verizon Communications, Inc.		11,817,658
		Transportation - 1.0%
	23,990	Union Pacific Corp.		4,337,152
		Utilities - 5.1%
	82,230	Dominion Energy, Inc.		6,810,289
	40,300	Entergy Corp.		4,827,940
	130,900	Exelon Corp.		5,967,731
	33,490	Sempra Energy		5,073,065
				22,679,025
		Total Common Stocks (cost $334,875,883)	$	444,978,878
SHORT-TERM INVESTMENTS - 0.8%
		Other Investment Pools & Funds - 0.8%
	3,316,123	BlackRock Liquidity Funds, FedFund Portfolio, Institutional Class,1.58%(1)	$	3,316,123
		Total Short-Term Investments (cost $3,316,123)	$	3,316,123

Total Investments (cost $338,192,006)	101.0	%	$	448,295,001
Other Assets and Liabilities	(1.0	)%		(4,224,438	)
Total Net Assets	100.0	%	$	444,070,563

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

149

Hartford Value HLS Fund

Schedule of Investments – (continued)

December 31, 2019

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. These classifications are used for financial reporting purposes.

See “Glossary” for abbreviation descriptions.

* Non-income producing.

⁽¹⁾  Current yield as of period end.

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

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2019 in valuing the Fund’s investments.

Description	Total		Level 1		Level 2		Level 3(1)
Assets
Common Stocks
Automobiles & Components	$	4,886,897	$	4,886,897	$	—	$	—
Banks		67,460,583		67,460,583		—		—
Capital Goods		39,201,586		39,201,586		—		—
Consumer Durables & Apparel		7,596,533		7,596,533		—		—
Consumer Services		4,285,895		4,285,895		—		—
Diversified Financials		9,324,941		9,324,941		—		—
Energy		29,938,279		29,938,279		—		—
Food & Staples Retailing		4,472,595		4,472,595		—		—
Food, Beverage & Tobacco		5,543,802		5,543,802		—		—
Health Care Equipment & Services		38,092,998		32,275,056		5,817,942		—
Household & Personal Products		4,320,417		4,320,417		—		—
Insurance		37,092,335		37,092,335		—		—
Materials		23,153,969		23,153,969		—		—
Media & Entertainment		8,609,057		8,609,057		—		—
Pharmaceuticals, Biotechnology & Life Sciences		41,617,462		34,453,429		7,164,033		—
Real Estate		15,863,487		15,863,487		—		—
Retailing		12,140,261		12,140,261		—		—
Semiconductors & Semiconductor Equipment		30,849,586		30,849,586		—		—
Software & Services		6,065,404		6,065,404		—		—
Technology Hardware & Equipment		15,628,956		15,628,956		—		—
Telecommunication Services		11,817,658		11,817,658		—		—
Transportation		4,337,152		4,337,152		—		—
Utilities		22,679,025		22,679,025		—		—
Short-Term Investments		3,316,123		3,316,123		—		—
Total	$	448,295,001	$	435,313,026	$	12,981,975	$	—

⁽¹⁾  For the year ended December 31, 2019, there were no transfers in and out of Level 3.

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

150

Hartford HLS Funds

GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Counterparty Abbreviations:
BCLY	Barclays
BMO	Bank of Montreal
BNP	BNP Paribas Securities Services
BOA	Banc of America Securities LLC
CBK	Citibank NA
CIBC	Canadian Imperial Bank of Commerce
CITI	Citigroup Global Markets, Inc.
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
RBC	RBC Dominion Securities, Inc.
SCB	Standard Chartered Bank
SSG	State Street Global Markets LLC
TDB	Toronto-Dominion Bank
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
USD	United States Dollar
Index Abbreviations:
ABX.HE	Markit Asset Backed Security Home Equity
ABX.HE.PEN	Markit Asset Backed Security Home Equity Penultimate
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
CMT	Constant Maturity Treasury Index
CPI	Consumer Price Index
ICE	Intercontinental Exchange, Inc.
MSCI	Morgan Stanley Capital International
MTA	Monthly Treasury Average Index
S&P	Standard & Poor’s
Municipal Abbreviations:
Auth	Authority
Dev	Development
Dist	District
GO	General Obligation
Rev	Revenue
Other Abbreviations:
ADR	American Depositary Receipt
CD	Certificate of Deposit
CLO	Collateralized Loan Obligation
CMO	Collateralized Mortgage Obligation
DDCA	Dollars on Deposit in Custody Account
EM	Emerging Markets
EURIBOR	Euro Interbank Offered Rate
FHLB	Federal Home Loan Bank
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
GUKG5	UK Government Bonds 5 Year Note Generic Bid Yield
LIBOR	London Interbank Offered Rate
OTC	Over-the-Counter
PIK	Payment-in-kind
PT	Perseroan Terbatas
SOFR	Secured Overnight Financing Rate
REIT	Real Estate Investment Trust
TBA	To Be Announced
UMBS	Uniform Mortgage-Backed Securities
USTMMR	U.S. Treasury Money Market Rate

151

Hartford HLS Funds

Statements of Assets and Liabilities

December 31, 2019

	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
Assets:
Investments in securities, at market value(1)	$	2,093,146,730	$	4,397,395,695	$	654,285,052	$	3,309,145,388	$	523,819,917	$	1,635,124,442	$	237,261,540
Cash		—		—		—		37,890		—		—		—
Due from custodian		—		147,924		—		—		—		—		—
Cash collateral due from broker on futures contracts		—		2,123,100		—		—		—		—		—
Foreign currency		80,298		68,428		—		—		344		—		37
Unrealized appreciation on foreign currency contracts		—		92,912		—		—		—		—		—
Receivables:
Investment securities sold		124,044		5,034,863		—		—		140,460		14,148,326		159,559
Fund shares sold		391,449		14,821		10,365		65,011		84,602		204,710		140,324
Dividends and interest		5,855,433		4,652,700		661,865		3,032,846		185,782		617,758		94,059
Securities lending income		2,478		53,470		8,651		166		646		9,590		1,452
Variation margin on futures contracts		—		129,745		—		—		—		—		—
Tax reclaims		825,383		380,980		—		699,653		396,559		140,112		25,373
Other assets		26,918		42,744		21,877		35,128		21,281		33,688		17,189
Total assets		2,100,452,733		4,410,137,382		654,987,810		3,313,016,082		524,649,591		1,650,278,626		237,699,533
Liabilities:
Obligation to return securities lending collateral		1,296,480		36,904,443		—		—		2,417,250		34,985,906		2,978,534
Payables:
Investment securities purchased		—		10,357,447		—		180,460		—		18,444,489		1,006,920
Fund shares redeemed		1,071,759		2,213,554		584,678		1,251,694		2,354,576		1,152,091		250,338
Investment management fees		1,048,760		2,361,427		402,030		1,809,409		326,491		813,980		166,755
Transfer agent fees		449		693		441		496		461		662		455
Accounting services fees		31,755		63,295		7,678		38,940		6,111		24,165		2,747
Board of Directors’ fees		4,477		9,683		1,374		6,968		1,089		3,483		616
Variation margin on futures contracts		9,480		1		—		—		—		—		—
Foreign taxes		—		58,435		—		—		—		—		—
Distribution fees		10,175		21,037		3,286		16,207		3,348		8,456		1,748
Accrued expenses		133,097		271,738		75,514		155,684		91,462		171,847		39,695
Total liabilities		3,606,432		52,261,753		1,075,001		3,459,858		5,200,788		55,605,079		4,447,808
Net assets	$	2,096,846,301	$	4,357,875,629	$	653,912,809	$	3,309,556,224	$	519,448,803	$	1,594,673,547	$	233,251,725
Summary of Net Assets:
Capital stock and paid-in-capital	$	1,531,832,256	$	3,473,631,418	$	376,769,347	$	2,003,945,904	$	326,721,708	$	1,214,184,400	$	139,230,606
Distributable earnings (loss)		565,014,045		884,244,211		277,143,462		1,305,610,320		192,727,095		380,489,147		94,021,119
Net assets	$	2,096,846,301	$	4,357,875,629	$	653,912,809	$	3,309,556,224	$	519,448,803	$	1,594,673,547	$	233,251,725
Shares authorized		9,700,000,000		5,450,000,000		3,500,000,000		4,200,000,000		3,600,000,000		900,000,000		800,000,000
Par value	$	0.0010	$	0.0010	$	0.0010	$	0.0010	$	0.0010	$	0.0010	$	0.0010
Class IA:   Net asset value per share	$	30.27	$	46.05	$	15.97	$	22.08	$	27.86	$	35.44	$	23.67
Shares outstanding		61,111,423		83,556,594		35,929,385		132,062,066		15,732,540		39,208,158		8,079,636
Net Assets	$	1,849,582,088	$	3,847,849,848	$	573,688,350	$	2,916,542,439	$	438,287,809	$	1,389,571,255	$	191,260,061
Class IB:   Net asset value per share	$	30.80	$	45.24	$	15.76	$	21.96	$	27.53	$	33.25	$	22.12
Shares outstanding		8,027,361		10,499,283		5,090,736		17,898,220		2,947,731		4,588,742		1,898,154
Net Assets	$	247,264,213	$	474,982,324	$	80,224,459	$	393,013,785	$	81,160,994	$	152,577,378	$	41,991,664
Class IC:   Net asset value per share	$	—	$	45.45	$	—	$	—	$	—	$	34.08	$	—
Shares outstanding		—		770,990		—		—		—		1,541,368		—
Net Assets	$	—	$	35,043,457	$	—	$	—	$	—	$	52,524,914	$	—
Cost of investments	$	1,609,681,962	$	3,666,315,746	$	424,376,165	$	2,158,823,598	$	371,578,059	$	1,367,659,485	$	181,443,090
Cost of foreign currency	$	79,840	$	68,432	$	—	$	—	$	344	$	—	$	36
(1) Includes Investment in securities on loan, at market value	$	1,259,139	$	36,073,339	$	—	$	—	$	2,354,301	$	34,718,346	$	2,857,063

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

152

Hartford HLS Funds

Statements of Assets and Liabilities – (continued)

December 31, 2019

	Hartford High Yield HLS Fund			Hartford International Opportunities HLS Fund		Hartford MidCap HLS Fund		Hartford MidCap Growth HLS Fund		Hartford MidCap Value HLS Fund		Hartford Small Cap Growth HLS Fund
Assets:
Investments in securities, at market value(1)	$	248,086,565		$	1,229,535,433	$	2,098,757,938	$	103,035,449	$	323,772,707	$	1,329,805,608
Cash		—			—		11,284,224		—		10,399		4,391,856
Foreign currency		—			50,262		—		—		—		—
Receivables:		80,349			6,194,083		22,745,824		—		799,237		18,744,822
Investment securities sold									21,957		343		331,543
Fund shares sold		34,104			1,354,707		262,935		32,639		425,656		805,910
Dividends and interest		4,016,275			882,939		1,877,724		310		1,312		18,955
Securities lending income		—			1,912		2,415
Variation margin on centrally cleared swap contracts		227,425			—		—		—		—		—
Tax reclaims		522			2,571,939		—		—		—		—
Other assets		19,486			26,551		28,146		20,458		19,704		27,851
Total assets		252,464,726			1,240,617,826		2,134,959,206		103,110,813		325,029,358		1,354,126,545
Liabilities:
Unrealized depreciation on foreign currency contracts		40,031			—		—		—		—		—
Obligation to return securities lending collateral		—			7,572,918		9,784,951		699,591		3,401,914		12,322,305
Payables:
Investment securities purchased		887,550			2,496,586		—		—		396,832		334,699
Fund shares redeemed		54,802			972,622		23,670,166		43,187		138,680		5,551,087
Investment management fees		148,550			717,802		1,197,446		68,815		204,423		684,247
Transfer agent fees		428			585		767		409		416		627
Accounting services fees		2,971			14,414		25,158		1,204		3,766		20,273
Board of Directors’ fees		553			2,617		4,536		207		686		2,932
Distribution fees		2,409			5,608		2,267		636		3,007		15,985
Accrued expenses		61,233			149,710		68,265		32,488		49,942		74,478
Total liabilities		1,198,527			11,932,862		34,753,556		846,537		4,199,666		19,006,633
Net assets	$	251,266,199		$	1,228,684,964	$	2,100,205,650	$	102,264,276	$	320,829,692	$	1,335,119,912
Summary of Net Assets:
Capital stock and paid-in-capital	$	252,932,549		$	1,073,593,493	$	1,393,276,968	$	79,699,737	$	246,013,118	$	1,030,709,139
Distributable earnings (loss)		(1,666,350	)		155,091,471		706,928,682		22,564,539		74,816,574		304,410,773
Net assets	$	251,266,199		$	1,228,684,964	$	2,100,205,650	$	102,264,276	$	320,829,692	$	1,335,119,912
Shares authorized		2,800,000,000			2,825,000,000		2,600,000,000		900,000,000		1,200,000,000		700,000,000
Par value	$	0.0010		$	0.0010	$	0.0010	$	0.0010	$	0.0010	$	0.0010
Class IA:   Net asset value per share	$	8.04		$	16.56	$	38.17	$	8.17	$	11.19	$	29.72
Shares outstanding		23,953,808			65,992,453		53,586,100		10,627,009		22,150,576		32,103,097
Net Assets	$	192,531,755		$	1,093,030,024	$	2,045,156,417	$	86,859,376	$	247,804,244	$	954,063,016
Class IB:   Net asset value per share	$	7.89		$	16.80	$	36.90	$	8.11	$	11.12	$	28.53
Shares outstanding		7,444,155			8,075,537		1,491,944		1,899,579		6,569,004		13,355,890
Net Assets	$	58,734,444		$	135,654,940	$	55,049,233	$	15,404,900	$	73,025,448	$	381,056,896
Cost of investments	$	243,995,161		$	1,064,627,473	$	1,529,440,940	$	85,383,022	$	267,336,015	$	1,069,814,786
Cost of foreign currency	$	—		$	49,994	$	—	$	—	$	—	$	—
(1) Includes Investment in securities on loan, at market value	$	—		$	7,283,858	$	9,661,255	$	692,811	$	3,231,912	$	13,788,323

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

153

Hartford HLS Funds

Statements of Assets and Liabilities – (continued)

December 31, 2019

	Hartford Small Company 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
Assets:
Investments in securities, at market value(1)	$	634,225,923	$	1,516,602,172	$	2,768,583,828	$	457,278,227	$	373,111,402		$	448,295,001
Cash		29,970		—		279,004		—		—			—
Foreign currency		5		—		103,985		—		—			26,013
Unrealized appreciation on OTC swap contracts		—		—		2,949,471		—		—			—
Unrealized appreciation on foreign currency contracts		—		—		234,776		—		—			—
Receivables:
Investment securities sold		11,529,884		—		219,561,132		16,875		10,511,083			—
Fund shares sold		1,025		8,131		120,884		184,633		27,922			26,316
Dividends and interest		270,792		1,698,501		11,828,456		1,140,440		1,265,055			290,291
Securities lending income		2,175		55,573		6,417		243		—			—
Variation margin on centrally cleared swap contracts		—		—		548,553		—		—			—
Tax reclaims		—		646,761		39,569		1,946		—			201,506
OTC swap contracts premiums paid		—		—		1,485,362		—		—			—
Other assets		23,262		23,843		41,236		20,828		70,920			23,495
Total assets		646,083,036		1,519,034,981		3,005,782,673		458,643,192		384,986,382			448,862,622
Liabilities:
Unrealized depreciation on foreign currency contracts		—		—		1,123,073		—		—			—
Due to custodian		—		—		—		—		45,293			—
Obligation to return securities lending collateral		8,609,022		—		7,704,490		7,408,300		—			—
Unrealized depreciation on OTC swap contracts		—		—		1,450,566		—		—			—
Cash collateral due to broker on futures contracts		—		—		325,000		—		—			—
TBA sale commitments, at market value		—		—		72,160,904		—		7,340,520			—
Unfunded loan commitments		—		—		41,385		—		—			—
Payables:
Investment securities purchased		2,522,186		—		827,249,000		—		55,807,946			445,149
Fund shares redeemed		10,125,403		8,694,153		833,305		278,722		112,185			4,032,166
Investment management fees		391,598		611,457		830,728		153,590		123,397			251,360
Transfer agent fees		452		441		489		466		430			462
Accounting services fees		9,593		17,867		31,743		5,376		3,839			5,257
Board of Directors’ fees		1,483		3,127		4,551		1,017		731			959
Variation margin on centrally cleared swap contracts		—		—		—		—		32,795			—
Variation margin on futures contracts		—		—		284,996		—		55,157			—
Distribution fees		2,139		5,535		8,790		2,350		2,273			2,553
Accrued expenses		88,006		108,266		169,697		61,548		77,367			54,153
OTC swap contracts premiums received		—		—		6,043,812		—		—			—
Total liabilities		21,749,882		9,440,846		918,262,529		7,911,369		63,601,933			4,792,059
Net assets	$	624,333,154	$	1,509,594,135	$	2,087,520,144	$	450,731,823	$	321,384,449		$	444,070,563
Summary of Net Assets:
Capital stock and paid-in-capital	$	455,870,343	$	922,026,504	$	1,960,576,886	$	439,656,056	$	339,856,705		$	302,745,328
Distributable earnings (loss)		168,462,811		587,567,631		126,943,258		11,075,767		(18,472,256	)		141,325,235
Net assets	$	624,333,154	$	1,509,594,135	$	2,087,520,144	$	450,731,823	$	321,384,449		$	444,070,563
Shares authorized		1,500,000,000		4,200,000,000		5,000,000,000		14,000,000,000		700,000,000			800,000,000
Par value	$	0.0010	$	0.0010	$	0.0010	$	0.0010	$	0.0010		$	0.0010
Class IA:   Net asset value per share	$	20.45	$	92.58	$	11.44	$	10.19	$	10.31		$	14.36
Shares outstanding		27,995,328		14,858,863		163,753,048		38,639,573		25,783,227			26,603,583
Net Assets	$	572,642,431	$	1,375,642,640	$	1,873,181,714	$	393,589,633	$	265,860,329		$	382,126,758
Class IB:   Net asset value per share	$	18.44	$	92.57	$	11.38	$	10.18	$	10.30		$	14.34
Shares outstanding		2,803,763		1,447,066		18,838,969		5,612,728		5,389,184			4,318,530
Net Assets	$	51,690,723	$	133,951,495	$	214,338,430	$	57,142,190	$	55,524,120		$	61,943,805
Cost of investments	$	526,575,560	$	1,021,186,871	$	2,716,681,829	$	456,146,971	$	369,846,534		$	338,192,006
Cost of foreign currency	$	5	$	—	$	105,163	$	—	$	—		$	26,049
Proceeds of TBA sale commitments	$	—	$	—	$	72,079,025	$	—	$	7,329,224		$	—
(1) Includes Investment in securities on loan, at market value	$	8,365,526	$	—	$	7,460,798	$	7,099,310	$	—		$	—

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

154

Hartford HLS Funds

Statements of Operations

For the Year Ended December 31, 2019

	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
Investment Income:
Dividends	$	27,509,943		$	74,121,784		$	9,784,846		$	80,198,109		$	6,105,064		$	5,584,572		$	2,249,989
Interest		22,501,249			1,595,673			94,481			1,155,700			114,177			914,646			178,144
Securities lending		252,427			265,057			110,112			196,485			56,952			199,181			62,387
Less: Foreign tax withheld		(407,984	)		(892,612	)		—			(802,011	)		(244,608	)		(22,712	)		(40,379	)
Total investment income, net		49,855,635			75,089,902			9,989,439			80,748,283			6,031,585			6,675,687			2,450,141
Expenses:
Investment management fees		12,786,411			27,851,982			4,584,984			20,757,445			3,762,027			9,557,138			2,045,917
Administrative services fees
Class IC		—			81,251			—			—			—			117,935			—
Transfer agent fees
Class IA		4,755			7,304			4,712			5,271			4,700			7,078			4,634
Class IB		634			897			648			715			881			787			917
Class IC		—			62			—			—			—			243			—
Distribution fees
Class IB		601,769			1,174,948			188,679			951,183			198,192			382,760			97,710
Class IC		—			81,251			—			—			—			117,935			—
Custodian fees		20,755			41,577			7,922			19,207			19,189			3,909			12,844
Registration and filing fees		33,964			45,303			32,809			34,041			32,809			47,783			32,371
Accounting services fees		368,286			746,335			87,318			446,136			70,302			283,714			33,820
Board of Directors’ fees		65,354			137,938			19,860			101,829			15,973			50,351			7,901
Audit fees		30,894			56,210			21,013			21,457			36,993			45,059			26,252
Other expenses		226,411			391,993			116,240			299,422			89,112			217,001			22,925
Total expenses (before waivers, reimbursements and fees paid indirectly)		14,139,233			30,617,051			5,064,185			22,636,706			4,230,178			10,831,693			2,285,291
Management fee waivers		(613,810	)		—			—			—			—			—			—
Commission recapture		(31,930	)		(24,615	)		(1,756	)		(18,468	)		(1,602	)		(6,780	)		(1,431	)
Total waivers, reimbursements and fees paid indirectly		(645,740	)		(24,615	)		(1,756	)		(18,468	)		(1,602	)		(6,780	)		(1,431	)
Total expenses, net		13,493,493			30,592,436			5,062,429			22,618,238			4,228,576			10,824,913			2,283,860
Net Investment Income (Loss)		36,362,142			44,497,466			4,927,010			58,130,045			1,803,009			(4,149,226	)		166,281
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain (loss) on investments		88,220,800			201,705,816			49,562,302			152,232,935			39,490,050			124,345,807			41,453,427
Less: Foreign taxes paid on realized capital gains		—			(11,544	)		—			—			—			—			—
Net realized gain (loss) on futures contracts		688,365			11,906,527			—			—			—			—			—
Net realized gain (loss) on foreign currency contracts		—			206,918			—			—			—			—			—
Net realized gain (loss) on other foreign currency transactions		(18,868	)		(63,729	)		—			12,533			(16,604	)		12,828			(11,470	)
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		88,890,297			213,743,988			49,562,302			152,245,468			39,473,446			124,358,635			41,441,957
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized appreciation (depreciation) of investments		292,627,098			907,130,900			127,301,596			585,892,351			97,750,659			286,567,387			33,386,503
Net unrealized appreciation (depreciation) of futures contracts		(326,284	)		2,474,753			—			—			—			—			—
Net unrealized appreciation (depreciation) of foreign currency contracts		—			438,494			—			—			—			—			—
Net unrealized appreciation (depreciation) of translation of other assets and liabilities in foreign currencies		17,550			33,428			—			(92	)		9,856			3,637			332
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions		292,318,364			910,077,575			127,301,596			585,892,259			97,760,515			286,571,024			33,386,835
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		381,208,661			1,123,821,563			176,863,898			738,137,727			137,233,961			410,929,659			74,828,792
Net Increase (Decrease) in Net Assets Resulting from Operations	$	417,570,803		$	1,168,319,029		$	181,790,908		$	796,267,772		$	139,036,970		$	406,780,433		$	74,995,073
* Includes change in unrealized appreciation (depreciation) on deferred capital gains tax of	$	—		$	(58,435	)	$	—		$	—		$	—		$	—		$	—

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

155

Hartford HLS Funds

Statements of Operations – (continued)

For the Year Ended December 31, 2019

	Hartford High Yield HLS Fund			Hartford International Opportunities HLS Fund			Hartford MidCap HLS Fund			Hartford MidCap Growth HLS Fund			Hartford MidCap Value HLS Fund			Hartford Small Cap Growth HLS Fund
Investment Income:
Dividends	$	64,927		$	32,318,708		$	16,964,716		$	471,923		$	5,639,682		$	8,633,143
Interest		15,628,712			499,087			46,660			31,960			89,636			377,302
Securities lending		—			359,582			194,325			20,823			8,849			564,287
Less: Foreign tax withheld		—			(3,497,636	)		(64,652	)		—			(40,220	)		—
Total investment income, net		15,693,639			29,679,741			17,141,049			524,706			5,697,947			9,574,732
Expenses:
Investment management fees		1,781,859			8,346,731			13,990,951			746,229			2,457,588			7,729,686
Transfer agent fees
Class IA		3,993			6,166			8,216			4,250			3,914			5,183
Class IB		1,225			762			216			742			1,173			2,028
Distribution fees
Class IB		149,470			328,931			134,397			34,646			177,041			894,540
Custodian fees		8,649			47,397			23,095			4,958			8,922			14,983
Registration and filing fees		31,809			33,906			37,604			36,728			32,596			36,708
Accounting services fees		35,637			167,367			293,797			13,059			43,008			228,890
Board of Directors’ fees		8,164			37,394			66,523			2,934			9,721			40,426
Audit fees		30,619			46,608			21,092			21,473			21,168			21,416
Other expenses		63,308			184,935			125,149			25,182			50,605			117,504
Total expenses (before waivers, reimbursements and fees paid indirectly)		2,114,733			9,200,197			14,701,040			890,201			2,805,736			9,091,364
Management fee waivers		—			—			—			—			(122,879	)		—
Commission recapture		—			(9,702	)		(13,428	)		(279	)		(8,969	)		(19,495	)
Total waivers, reimbursements and fees paid indirectly		—			(9,702	)		(13,428	)		(279	)		(131,848	)		(19,495	)
Total expenses, net		2,114,733			9,190,495			14,687,612			889,922			2,673,888			9,071,869
Net Investment Income (Loss)		13,578,906			20,489,246			2,453,437			(365,216	)		3,024,059			502,863
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain (loss) on investments		(6,543,786	)		(25,575,550	)		144,617,790			5,337,071			19,109,222			44,683,578
Net realized gain (loss) on swap contracts		(54,937	)		—			—			—			—			—
Net realized gain (loss) on foreign currency contracts		281,939			(16,254	)		—			—			—			—
Net realized gain (loss) on other foreign currency transactions		1,237			(294,280	)		4,794			—			1,915			—
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		(6,315,547	)		(25,886,084	)		144,622,584			5,337,071			19,111,137			44,683,578
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized appreciation (depreciation) of investments		28,053,727			284,979,402			428,817,893			24,903,853			60,456,988			335,112,204
Net unrealized appreciation (depreciation) of swap contracts		122,308			—			—			—			—			—
Net unrealized appreciation (depreciation) of foreign currency contracts		(55,881	)		—			—			—			—			—
Net unrealized appreciation (depreciation) of translation of other assets and liabilities in foreign currencies		943			55,446			—			—			(40	)		—
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions		28,121,097			285,034,848			428,817,893			24,903,853			60,456,948			335,112,204
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		21,805,550			259,148,764			573,440,477			30,240,924			79,568,085			379,795,782
Net Increase (Decrease) in Net Assets Resulting from Operations	$	35,384,456		$	279,638,010		$	575,893,914		$	29,875,708		$	82,592,144		$	380,298,645

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

156

Hartford HLS Funds

Statements of Operations – (continued)

For the Year Ended December 31, 2019

	Hartford Small Company 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
Investment Income:
Dividends	$	3,056,425		$	30,394,675		$	81,944		$	—	$	—		$	10,762,018
Interest		250,062			449,874			76,993,260			12,810,133		8,559,481			103,194
Securities lending		59,327			55,573			56,184			12,083		7,700			41,198
Less: Foreign tax withheld		(4,849	)		(125,948	)		—			—		—			(105,147	)
Total investment income, net		3,360,965			30,774,174			77,131,388			12,822,216		8,567,181			10,801,263
Expenses:
Investment management fees		4,452,378			7,025,084			9,886,054			1,928,688		1,494,841			2,918,601
Transfer agent fees
Class IA		4,977			4,865			5,196			4,841		4,315			4,762
Class IB		462			479			597			700		901			778
Distribution fees
Class IB		128,074			328,072			541,118			152,240		143,508			152,956
Custodian fees		9,640			10,876			40,867			9,272		8,059			7,189
Registration and filing fees		35,463			33,546			33,751			33,538		35,327			33,771
Accounting services fees		108,730			204,947			377,942			67,504		46,506			61,008
Board of Directors’ fees		19,273			46,892			67,427			15,670		10,670			13,889
Audit fees		41,365			30,725			48,904			30,603		44,383			21,241
Other expenses		99,473			160,578			267,956			78,898		59,001			71,797
Total expenses (before waivers, reimbursements and fees paid indirectly)		4,899,835			7,846,064			11,269,812			2,321,954		1,847,511			3,285,992
Commission recapture		(10,035	)		(2,903	)		—			—		—			(3,317	)
Total waivers, reimbursements and fees paid indirectly		(10,035	)		(2,903	)		—			—		—			(3,317	)
Total expenses, net		4,889,800			7,843,161			11,269,812			2,321,954		1,847,511			3,282,675
Net Investment Income (Loss)		(1,528,835	)		22,931,013			65,861,576			10,500,262		6,719,670			7,518,588
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain (loss) on investments		64,291,332			98,284,076			43,658,314			294,254		2,584,171			32,466,142
Net realized gain (loss) on purchased options contracts		—			—			(688,017	)		—		—			—
Net realized gain (loss) on futures contracts		—			—			19,971,254			—		6,101,592			—
Net realized gain (loss) on written options contracts		—			—			810,184			—		—			—
Net realized gain (loss) on swap contracts		—			—			(6,444,783	)		—		(464,689	)		—
Net realized gain (loss) on foreign currency contracts		—			—			1,753,329			—		—			—
Net realized gain (loss) on other foreign currency transactions		(5,992	)		(21,429	)		(68,460	)		—		—			(1,728	)
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		64,285,340			98,262,647			58,991,821			294,254		8,221,074			32,464,414
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized appreciation (depreciation) of investments		120,697,580			269,913,296			92,180,697			2,390,882		5,716,614			66,130,114
Net unrealized appreciation (depreciation) of purchased options contracts		—			—			1,311,727			—		—			—
Net unrealized appreciation (depreciation) of futures contracts		—			—			(7,448,465	)		—		(2,220,130	)		—
Net unrealized appreciation (depreciation) of written options contracts		—			—			224,937			—		—			—
Net unrealized appreciation (depreciation) of swap contracts		—			—			473,661			—		(1,514,095	)		—
Net unrealized appreciation (depreciation) of foreign currency contracts		—			—			(969,546	)		—		—			—
Net unrealized appreciation (depreciation) of translation of other assets and liabilities in foreign currencies		163			25,677			31,635			—		—			5,073
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions		120,697,743			269,938,973			85,804,646			2,390,882		1,982,389			66,135,187
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		184,983,083			368,201,620			144,796,467			2,685,136		10,203,463			98,599,601
Net Increase (Decrease) in Net Assets Resulting from Operations	$	183,454,248		$	391,132,633		$	210,658,043		$	13,185,398	$	16,923,133		$	106,118,189

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

157

Hartford HLS Funds

Statements of Changes in Net Assets

	Hartford Balanced HLS Fund						Hartford Capital Appreciation HLS Fund						Hartford Disciplined Equity HLS Fund
	For the Year Ended December 31, 2019			For the Year Ended December 31, 2018			For the Year Ended December 31, 2019			For the Year Ended December 31, 2018			For the Year Ended December 31, 2019			For the Year Ended December 31, 2018
Operations:
Net investment income (loss)	$	36,362,142		$	42,139,010		$	44,497,466		$	47,501,815		$	4,927,010		$	4,594,725
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		88,890,297			182,656,507			213,743,988			503,833,446			49,562,302			72,774,676
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		292,318,364			(330,783,578	)		910,077,575			(829,651,424	)		127,301,596			(83,373,336	)
Net Increase (Decrease) in Net Assets Resulting from Operations		417,570,803			(105,988,061	)		1,168,319,029			(278,316,163	)		181,790,908			(6,003,935	)
Distributions to Shareholders:
Class IA		(185,511,739	)		(123,979,008	)		(453,254,297	)		(454,718,791	)		(66,982,886	)		(59,926,122	)
Class IB		(23,789,456	)		(15,722,695	)		(55,760,662	)		(55,433,183	)		(9,168,659	)		(8,120,313	)
Class IC		—			—			(3,992,375	)		(3,306,481	)		—			—
Total distributions		(209,301,195	)		(139,701,703	)		(513,007,334	)		(513,458,455	)		(76,151,545	)		(68,046,435	)
Capital Share Transactions:
Sold		13,809,419			17,623,057			27,135,599			41,412,513			11,880,527			8,267,277
Issued on reinvestment of distributions		209,301,195			139,701,703			513,007,334			513,458,455			76,151,545			68,046,434
Redeemed		(282,083,299	)		(337,066,656	)		(840,778,982	)		(817,092,381	)		(109,938,872	)		(129,497,572	)
Net increase (decrease) from capital share transactions		(58,972,685	)		(179,741,896	)		(300,636,049	)		(262,221,413	)		(21,906,800	)		(53,183,861	)
Net Increase (Decrease) in Net Assets		149,296,923			(425,431,660	)		354,675,646			(1,053,996,031	)		83,732,563			(127,234,231	)
Net Assets:
Beginning of period		1,947,549,378			2,372,981,038			4,003,199,983			5,057,196,014			570,180,246			697,414,477
End of period	$	2,096,846,301		$	1,947,549,378		$	4,357,875,629		$	4,003,199,983		$	653,912,809		$	570,180,246

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

158

Hartford HLS Funds

Statements of Changes in Net Assets – (continued)

	Hartford Dividend and Growth HLS Fund						Hartford Global Growth HLS Fund						Hartford Growth Opportunities HLS Fund
	For the Year Ended December 31, 2019			For the Year Ended December 31, 2018			For the Year Ended December 31, 2019			For the Year Ended December 31, 2018			For the Year Ended December 31, 2019			For the Year Ended December 31, 2018
Operations:
Net investment income (loss)	$	58,130,045		$	61,938,823		$	1,803,009		$	1,764,762		$	(4,149,226	)	$	(2,469,727	)
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		152,245,468			372,873,247			39,473,446			68,672,082			124,358,635			314,646,983
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		585,892,259			(593,183,815	)		97,760,515			(85,389,535	)		286,571,024			(288,647,726	)
Net Increase (Decrease) in Net Assets Resulting from Operations		796,267,772			(158,371,745	)		139,036,970			(14,952,691	)		406,780,433			23,529,530
Distributions to Shareholders:
Class IA		(380,717,264	)		(367,065,830	)		(59,823,693	)		(38,893,548	)		(268,390,103	)		(183,161,141	)
Class IB		(51,049,426	)		(50,078,265	)		(11,091,398	)		(7,324,732	)		(31,584,595	)		(21,414,890	)
Class IC		—			—			—			—			(9,866,813	)		(5,228,239	)
Total distributions		(431,766,690	)		(417,144,095	)		(70,915,091	)		(46,218,280	)		(309,841,511	)		(209,804,270	)
Capital Share Transactions:
Sold		52,980,701			61,469,849			14,484,277			36,885,058			56,475,941			50,069,414
Issued on reinvestment of distributions		431,766,690			417,144,095			70,915,091			46,218,280			309,841,511			209,804,270
Redeemed		(500,718,066	)		(561,723,069	)		(81,267,414	)		(91,759,918	)		(226,047,221	)		(225,579,813	)
Net increase (decrease) from capital share transactions		(15,970,675	)		(83,109,125	)		4,131,954			(8,656,580	)		140,270,231			34,293,871
Net Increase (Decrease) in Net Assets		348,530,407			(658,624,965	)		72,253,833			(69,827,551	)		237,209,153			(151,980,869	)
Net Assets:
Beginning of period		2,961,025,817			3,619,650,782			447,194,970			517,022,521			1,357,464,394			1,509,445,263
End of period	$	3,309,556,224		$	2,961,025,817		$	519,448,803		$	447,194,970		$	1,594,673,547		$	1,357,464,394

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

159

Hartford HLS Funds

Statements of Changes in Net Assets – (continued)

	Hartford Healthcare HLS Fund						Hartford High Yield HLS Fund						Hartford International Opportunities HLS Fund
	For the Year Ended December 31, 2019			For the Year Ended December 31, 2018			For the Year Ended December 31, 2019			For the Year Ended December 31, 2018			For the Year Ended December 31, 2019			For the Year Ended December 31, 2018
Operations:
Net investment income (loss)	$	166,281		$	(129,611	)	$	13,578,906		$	14,942,261		$	20,489,246		$	21,970,804
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		41,441,957			31,460,608			(6,315,547	)		3,129,099			(25,886,084	)		45,857,314
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		33,386,835			(37,551,800	)		28,121,097			(27,080,181	)		285,034,848			(332,649,147	)
Net Increase (Decrease) in Net Assets Resulting from Operations		74,995,073			(6,220,803	)		35,384,456			(9,008,821	)		279,638,010			(264,821,029	)
Distributions to Shareholders:
Class IA		(23,301,756	)		(17,636,397	)		(11,998,965	)		(12,607,847	)		(59,417,697	)		(24,591,559	)
Class IB		(5,559,926	)		(2,726,361	)		(3,581,365	)		(3,775,566	)		(6,983,056	)		(2,394,120	)
Total distributions		(28,861,682	)		(20,362,758	)		(15,580,330	)		(16,383,413	)		(66,400,753	)		(26,985,679	)
Capital Share Transactions:
Sold		18,614,353			31,276,586			10,501,246			13,407,636			64,607,494			144,483,508
Issued on reinvestment of distributions		28,861,682			20,362,758			15,580,330			16,383,413			66,400,753			26,985,679
Redeemed		(146,077,753	)		(74,733,932	)		(44,026,710	)		(56,481,478	)		(236,490,704	)		(339,252,535	)
Net increase (decrease) from capital share transactions		(98,601,718	)		(23,094,588	)		(17,945,134	)		(26,690,429	)		(105,482,457	)		(167,783,348	)
Net Increase (Decrease) in Net Assets		(52,468,327	)		(49,678,149	)		1,858,992			(52,082,663	)		107,754,800			(459,590,056	)
Net Assets:
Beginning of period		285,720,052			335,398,201			249,407,207			301,489,870			1,120,930,164			1,580,520,220
End of period	$	233,251,725		$	285,720,052		$	251,266,199		$	249,407,207		$	1,228,684,964		$	1,120,930,164

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

160

Hartford HLS Funds

Statements of Changes in Net Assets – (continued)

	Hartford MidCap HLS Fund						Hartford MidCap Growth HLS Fund						Hartford MidCap Value HLS Fund
	For the Year Ended December 31, 2019			For the Year Ended December 31, 2018			For the Year Ended December 31, 2019			For the Year Ended December 31, 2018			For the Year Ended December 31, 2019			For the Year Ended December 31, 2018
Operations:
Net investment income (loss)	$	2,453,437		$	597,397		$	(365,216	)	$	151,187		$	3,024,059		$	2,003,484
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		144,622,584			313,601,069			5,337,071			16,823,323			19,111,137			39,094,355
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		428,817,893			(453,906,710	)		24,903,853			(25,371,110	)		60,456,948			(89,944,997	)
Net Increase (Decrease) in Net Assets Resulting from Operations		575,893,914			(139,708,244	)		29,875,708			(8,396,600	)		82,592,144			(48,847,158	)
Distributions to Shareholders:
Class IA		(301,703,983	)		(206,009,765	)		(14,592,832	)		(7,929,782	)		(32,005,532	)		(20,921,640	)
Class IB		(8,149,131	)		(5,470,747	)		(2,562,985	)		(1,375,082	)		(9,453,950	)		(5,918,091	)
Total distributions		(309,853,114	)		(211,480,512	)		(17,155,817	)		(9,304,864	)		(41,459,482	)		(26,839,731	)
Capital Share Transactions:
Sold		136,707,597			268,177,739			14,727,408			4,772,590			5,553,726			5,167,853
Issued on reinvestment of distributions		309,853,114			211,480,512			17,155,817			9,304,864			41,459,482			26,839,731
Redeemed		(427,293,869	)		(528,465,528	)		(18,446,275	)		(19,264,292	)		(48,984,177	)		(49,490,166	)
Net increase (decrease) from capital share transactions		19,266,842			(48,807,277	)		13,436,950			(5,186,838	)		(1,970,969	)		(17,482,582	)
Net Increase (Decrease) in Net Assets		285,307,642			(399,996,033	)		26,156,841			(22,888,302	)		39,161,693			(93,169,471	)
Net Assets:
Beginning of period		1,814,898,008			2,214,894,041			76,107,435			98,995,737			281,667,999			374,837,470
End of period	$	2,100,205,650		$	1,814,898,008		$	102,264,276		$	76,107,435		$	320,829,692		$	281,667,999

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

161

Hartford HLS Funds

Statements of Changes in Net Assets – (continued)

	Hartford Small Cap Growth HLS Fund						Hartford Small Company HLS Fund						Hartford Stock HLS Fund
	For the Year Ended December 31, 2019			For the Year Ended December 31, 2018			For the Year Ended December 31, 2019			For the Year Ended December 31, 2018			For the Year Ended December 31, 2019			For the Year Ended December 31, 2018
Operations:
Net investment income (loss)	$	502,863		$	(1,320,167	)	$	(1,528,835	)	$	(3,112,175	)	$	22,931,013		$	23,168,989
Net realized gain (loss) on investments and foreign currency transactions		44,683,578			219,253,261			64,285,340			113,781,063			98,262,647			120,020,211
Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions		335,112,204			(363,380,245	)		120,697,743			(127,972,764	)		269,938,973			(138,545,767	)
Net Increase (Decrease) in Net Assets Resulting from Operations		380,298,645			(145,447,151	)		183,454,248			(17,303,876	)		391,132,633			4,643,433
Distributions to Shareholders:
Class IA		(154,314,731	)		(60,365,921	)		(100,841,539	)		(37,253,096	)		(133,049,130	)		(20,294,819	)
Class IB		(63,116,174	)		(23,243,803	)		(10,050,660	)		(4,017,068	)		(12,720,819	)		(1,685,834	)
Total distributions		(217,430,905	)		(83,609,724	)		(110,892,199	)		(41,270,164	)		(145,769,949	)		(21,980,653	)
Capital Share Transactions:
Sold		178,522,218			200,210,026			63,567,701			55,281,428			10,222,248			8,126,181
Issued on reinvestment of distributions		193,713,157			74,744,865			110,892,199			41,270,164			145,769,949			21,980,653
Redeemed		(316,364,571	)		(264,548,970	)		(142,188,473	)		(126,680,602	)		(213,809,325	)		(212,336,911	)
Net increase (decrease) from capital share transactions		55,870,804			10,405,921			32,271,427			(30,129,010	)		(57,817,128	)		(182,230,077	)
Net Increase (Decrease) in Net Assets		218,738,544			(218,650,954	)		104,833,476			(88,703,050	)		187,545,556			(199,567,297	)
Net Assets:
Beginning of period		1,116,381,368			1,335,032,322			519,499,678			608,202,728			1,322,048,579			1,521,615,876
End of period	$	1,335,119,912		$	1,116,381,368		$	624,333,154		$	519,499,678		$	1,509,594,135		$	1,322,048,579

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

162

Hartford HLS Funds

Statements of Changes in Net Assets – (continued)

	Hartford Total Return Bond HLS Fund						Hartford Ultrashort Bond HLS Fund						Hartford U.S. Government Securities HLS Fund
Operations:
Net investment income (loss)	$	65,861,576		$	71,823,626		$	10,500,262		$	8,766,837		$	6,719,670		$	7,546,931
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		58,991,821			(37,810,393	)		294,254			(18,669	)		8,221,074			(5,641,701	)
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		85,804,646			(54,351,601	)		2,390,882			(1,061,293	)		1,982,389			228,103
Net Increase (Decrease) in Net Assets Resulting from Operations		210,658,043			(20,338,368	)		13,185,398			7,686,875			16,923,133			2,133,333
Distributions to Shareholders:
Class IA		(74,150,238	)		(84,804,607	)		(7,948,551	)		(5,018,413	)		(6,935,499	)		(7,134,442	)
Class IB		(8,003,440	)		(9,181,448	)		(964,500	)		(536,294	)		(1,302,292	)		(1,332,927	)
Total distributions		(82,153,678	)		(93,986,055	)		(8,913,051	)		(5,554,707	)		(8,237,791	)		(8,467,369	)
Capital Share Transactions:
Sold		127,470,147			106,840,708			74,378,048			73,505,332			23,718,967			21,420,796
Issued on reinvestment of distributions		82,153,678			93,986,055			8,913,051			5,554,708			8,237,791			8,467,369
Redeemed		(337,029,607	)		(406,372,006	)		(138,850,731	)		(105,240,180	)		(64,840,559	)		(78,045,222	)
Net (decrease) from capital share transactions		(127,405,782	)		(205,545,243	)		(55,559,632	)		(26,180,140	)		(32,883,801	)		(48,157,057	)
Net Increase (Decrease) in Net Assets		1,098,583			(319,869,666	)		(51,287,285	)		(24,047,972	)		(24,198,459	)		(54,491,093	)
Net Assets:
Beginning of period		2,086,421,561			2,406,291,227			502,019,108			526,067,080			345,582,908			400,074,001
End of period	$	2,087,520,144		$	2,086,421,561		$	450,731,823		$	502,019,108		$	321,384,449		$	345,582,908

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

163

Hartford HLS Funds

Statements of Changes in Net Assets – (continued)

	Hartford Value HLS Fund
	For the Year Ended December 31, 2019			For the Year Ended December 31, 2018
Operations:
Net investment income (loss)	$	7,518,588		$	8,638,811
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		32,464,414			48,079,686
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		66,135,187			(103,394,559	)
Net Increase (Decrease) in Net Assets Resulting from Operations		106,118,189			(46,676,062	)
Distributions to Shareholders:
Class IA		(44,489,654	)		(45,728,961	)
Class IB		(7,088,517	)		(7,417,890	)
Total distributions		(51,578,171	)		(53,146,851	)
Capital Share Transactions:
Sold		13,103,074			13,010,218
Issued on reinvestment of distributions		51,578,171			53,146,851
Redeemed		(86,395,094	)		(81,575,571	)
Net (decrease) from capital share transactions		(21,713,849	)		(15,418,502	)
Net Increase (Decrease) in Net Assets		32,826,169			(115,241,415	)
Net Assets:
Beginning of period		411,244,394			526,485,809
End of period	$	444,070,563		$	411,244,394

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

164

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, 2019
IA	$	27.47	$	0.54	(4)	$	5.47	(4)	$	6.01		$	(0.56	)	$	(2.65	)	$	(3.21	)	$	30.27		22.80	%	$	1,849,582		0.66	%		0.63	%		1.81	%(4)		38	%
IB		27.91		0.47	(4)		5.55	(4)		6.02			(0.48	)		(2.65	)		(3.13	)		30.80		22.47			247,264		0.91			0.88			1.56	(4)		38
For the Year Ended December 31, 2018
IA	$	31.02	$	0.59		$	(2.12	)	$	(1.53	)	$	(0.61	)	$	(1.41	)	$	(2.02	)	$	27.47		(5.24	)%	$	1,717,759		0.66	%		0.63	%		1.92	%		31	%
IB		31.48		0.52			(2.15	)		(1.63	)		(0.53	)		(1.41	)		(1.94	)		27.91		(5.50	)		229,790		0.91			0.88			1.67			31
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
Hartford Capital Appreciation HLS Fund
For the Year Ended December 31, 2019
IA	$	39.89	$	0.48		$	11.47		$	11.95		$	(0.53	)	$	(5.26	)	$	(5.79	)	$	46.05		31.28	%	$	3,847,850		0.68	%		0.68	%		1.06	%		56	%
IB		39.28		0.36			11.28			11.64			(0.42	)		(5.26	)		(5.68	)		45.24		30.96			474,982		0.93			0.93			0.81			56
IC		39.54		0.25			11.34			11.59			(0.42	)		(5.26	)		(5.68	)		45.45		30.63			35,043		1.18			1.18			0.56			56
For the Year Ended December 31, 2018
IA	$	48.16	$	0.49		$	(3.33	)	$	(2.84	)	$	(0.43	)	$	(5.00	)	$	(5.43	)	$	39.89		(6.96	)%	$	3,543,187		0.67	%		0.67	%		1.03	%		73	%
IB		47.48		0.37			(3.26	)		(2.89	)		(0.31	)		(5.00	)		(5.31	)		39.28		(7.18	)		432,334		0.92			0.92			0.77			73
IC		47.76		0.25			(3.26	)		(3.01	)		(0.21	)		(5.00	)		(5.21	)		39.54		(7.41	)		27,679		1.17			1.17			0.53			73
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
Hartford Disciplined Equity HLS Fund
For the Year Ended December 31, 2019
IA	$	13.59	$	0.13		$	4.26		$	4.39		$	(0.14	)	$	(1.87	)	$	(2.01	)	$	15.97		34.12	%	$	573,688		0.78	%		0.78	%		0.82	%		15	%
IB		13.44		0.09			4.20			4.29			(0.10	)		(1.87	)		(1.97	)		15.76		33.76			80,224		1.03			1.03			0.57			15
For the Year Ended December 31, 2018
IA	$	15.43	$	0.11		$	(0.27	)	$	(0.16	)	$	(0.11	)	$	(1.57	)	$	(1.68	)	$	13.59		(1.99	)%	$	501,718		0.78	%		0.78	%		0.72	%		22	%
IB		15.27		0.07			(0.26	)		(0.19	)		(0.07	)		(1.57	)		(1.64	)		13.44		(2.23	)		68,462		1.03			1.03			0.47			22
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

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

165

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 – (continued)
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
Hartford Dividend and Growth HLS Fund
For the Year Ended December 31, 2019
IA	$	19.91	$	0.41		$	4.91		$	5.32		$	(0.40	)	$	(2.75	)	$	(3.15	)	$	22.08		28.60	%	$	2,916,542		0.68	%		0.68	%		1.85	%		19	%
IB		19.82		0.35			4.89			5.24			(0.35	)		(2.75	)		(3.10	)		21.96		28.30			393,014		0.93			0.93			1.60			19
For the Year Ended December 31, 2018
IA	$	23.95	$	0.43		$	(1.45	)	$	(1.02	)	$	(0.44	)	$	(2.58	)	$	(3.02	)	$	19.91		(5.32	)%	$	2,604,425		0.68	%		0.68	%		1.84	%		28	%
IB		23.85		0.37			(1.44	)		(1.07	)		(0.38	)		(2.58	)		(2.96	)		19.82		(5.56	)		356,601		0.93			0.93			1.59			28
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
Hartford Global Growth HLS Fund
For the Year Ended December 31, 2019
IA	$	24.54	$	0.11		$	7.46		$	7.57		$	(0.12	)	$	(4.13	)	$	(4.25	)	$	27.86		32.61	%	$	438,288		0.80	%		0.80	%		0.40	%		49	%
IB		24.28		0.04			7.38			7.42			(0.04	)		(4.13	)		(4.17	)		27.53		32.29			81,161		1.05			1.05			0.15			49
For the Year Ended December 31, 2018
IA	$	27.89	$	0.11		$	(0.83	)	$	(0.72	)	$	(0.15	)	$	(2.48	)	$	(2.63	)	$	24.54		(3.81	)%	$	375,825		0.80	%		0.80	%		0.37	%		55	%
IB		27.63		0.04			(0.83	)		(0.79	)		(0.08	)		(2.48	)		(2.56	)		24.28		(4.07	)		71,370		1.05			1.05			0.12			55
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
Hartford Growth Opportunities HLS Fund
For the Year Ended December 31, 2019
IA	$	33.79	$	(0.09	)	$	9.99		$	9.90		$	—		$	(8.25	)	$	(8.25	)	$	35.44		30.68	%	$	1,389,571		0.65	%		0.65	%		(0.22	)%		66	%
IB		32.19		(0.17	)		9.48			9.31			—			(8.25	)		(8.25	)		33.25		30.35			152,577		0.90			0.90			(0.47	)		66
IC		32.90		(0.27	)		9.70			9.43			—			(8.25	)		(8.25	)		34.08		30.04			52,525		1.15			1.15			(0.72	)		66

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

166

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 Growth Opportunities HLS Fund – (continued)
For the Year Ended December 31, 2018
IA	$	38.42	$	(0.05	)	$	1.17		$	1.12		$	—		$	(5.75	)	$	(5.75	)	$	33.79		0.53	%	$	1,188,514		0.65	%		0.65	%		(0.12	)%		118	%
IB		36.91		(0.14	)		1.17			1.03			—			(5.75	)		(5.75	)		32.19		0.29			132,629		0.90			0.90			(0.37	)		118
IC		37.71		(0.25	)		1.19			0.94			—			(5.75	)		(5.75	)		32.90		0.04			36,321		1.15			1.15			(0.62	)		118
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	(5)	$	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	(5)		(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	(5)		(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
Hartford Healthcare HLS Fund
For the Year Ended December 31, 2019
IA	$	20.56	$	0.03		$	6.31		$	6.34		$	—		$	(3.23	)	$	(3.23	)	$	23.67		33.95	%	$	191,260		0.91	%		0.91	%		0.11	%		42	%
IB		19.44		(0.03	)		5.94			5.91			—			(3.23	)		(3.23	)		22.12		33.68			41,992		1.16			1.16			(0.16	)		42
For the Year Ended December 31, 2018
IA	$	22.46	$	—		$	(0.41	)	$	(0.41	)	$	(0.02	)	$	(1.47	)	$	(1.49	)	$	20.56		(2.67	)%	$	249,144		0.89	%		0.89	%		(0.01	)%		29	%
IB		21.35		(0.06	)		(0.38	)		(0.44	)		—			(1.47	)		(1.47	)		19.44		(2.96	)		36,576		1.14			1.14			(0.26	)		29
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
Hartford High Yield HLS Fund
For the Year Ended December 31, 2019
IA	$	7.45	$	0.43	(6)	$	0.67	(6)	$	1.10		$	(0.51	)	$	—		$	(0.51	)	$	8.04		15.06	%	$	192,532		0.77	%		0.77	%		5.39	%(6)		41	%
IB		7.32		0.40	(6)		0.66	(6)		1.06			(0.49	)		—			(0.49	)		7.89		14.73			58,734		1.02			1.02			5.14	(6)		41
For the Year Ended December 31, 2018
IA	$	8.20	$	0.43		$	(0.69	)	$	(0.26	)	$	(0.49	)	$	—		$	(0.49	)	$	7.45		(3.44	)%	$	190,681		0.77	%		0.77	%		5.39	%		26	%
IB		8.06		0.41			(0.68	)		(0.27	)		(0.47	)		—			(0.47	)		7.32		(3.66	)		58,726		1.02			1.02			5.14			26
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

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

167

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 High Yield HLS Fund – (continued)
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
Hartford International Opportunities HLS Fund
For the Year Ended December 31, 2019
IA	$	13.91	$	0.27		$	3.30		$	3.57		$	(0.30	)	$	(0.62	)	$	(0.92	)	$	16.56		26.43	%	$	1,093,030		0.74	%		0.74	%		1.74	%		88	%
IB		14.09		0.24			3.35			3.59			(0.26	)		(0.62	)		(0.88	)		16.80		26.14			135,655		0.99			0.99			1.48			88
For the Year Ended December 31, 2018
IA	$	17.46	$	0.26		$	(3.49	)	$	(3.23	)	$	(0.32	)	$	—		$	(0.32	)	$	13.91		(18.74	)%	$	1,000,295		0.73	%		0.73	%		1.55	%		80	%
IB		17.68		0.22			(3.53	)		(3.31	)		(0.28	)		—			(0.28	)		14.09		(18.96	)		120,635		0.98			0.98			1.28			80
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
Hartford MidCap HLS Fund
For the Year Ended December 31, 2019
IA	$	33.77	$	0.05		$	10.56		$	10.61		$	(0.07	)	$	(6.14	)	$	(6.21	)	$	38.17		32.87	%	$	2,045,156		0.69	%		0.69	%		0.12	%		29	%
IB		32.85		(0.05	)		10.24			10.19			—			(6.14	)		(6.14	)		36.90		32.49			55,049		0.94			0.94			(0.12	)		29
For the Year Ended December 31, 2018
IA	$	40.10	$	0.01		$	(2.35	)	$	(2.34	)	$	(0.01	)	$	(3.98	)	$	(3.99	)	$	33.77		(7.44	)%	$	1,768,712		0.69	%		0.69	%		0.03	%		35	%
IB		39.18		(0.09	)		(2.26	)		(2.35	)		—			(3.98	)		(3.98	)		32.85		(7.65	)		46,186		0.94			0.94			(0.22	)		35
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
Hartford MidCap Growth HLS Fund
For the Year Ended December 31, 2019
IA	$	7.17	$	(0.03	)	$	2.70		$	2.67		$	(0.05	)	$	(1.62	)	$	(1.67	)	$	8.17		39.79	%	$	86,859		0.92	%		0.92	%		(0.35	)%		47	%
IB		7.12		(0.05	)		2.68			2.63			(0.02	)		(1.62	)		(1.64	)		8.11		39.56			15,405		1.17			1.17			(0.60	)		47
For the Year Ended December 31, 2018
IA	$	8.81	$	0.02		$	(0.74	)	$	(0.72	)	$	(0.06	)	$	(0.86	)	$	(0.92	)	$	7.17		(10.05	)%	$	64,744		0.91	%		0.91	%		0.20	%		160	%
IB		8.75		—			(0.73	)		(0.73	)		(0.04	)		(0.86	)		(0.90	)		7.12		(10.25	)		11,363		1.16			1.16			(0.05	)		160
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

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

168

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 Growth HLS Fund – (continued)
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
Hartford MidCap Value HLS Fund
For the Year Ended December 31, 2019
IA	$	9.93	$	0.12		$	2.74		$	2.86		$	(0.11	)	$	(1.49	)	$	(1.60	)	$	11.19		31.20	%	$	247,804		0.86	%		0.82	%		1.04	%		51	%
IB		9.88		0.09			2.72			2.81			(0.08	)		(1.49	)		(1.57	)		11.12		30.88			73,025		1.11			1.07			0.79			51
For the Year Ended December 31, 2018
IA	$	12.60	$	0.08		$	(1.76	)	$	(1.68	)	$	(0.13	)	$	(0.86	)	$	(0.99	)	$	9.93		(14.57	)%	$	216,868		0.85	%		0.85	%		0.63	%		42	%
IB		12.50		0.05			(1.75	)		(1.70	)		(0.06	)		(0.86	)		(0.92	)		9.88		(14.77	)		64,800		1.10			1.10			0.38			42
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
Hartford Small Cap Growth HLS Fund
For the Year Ended December 31, 2019
IA	$	26.76	$	0.03		$	8.61		$	8.64		$	—		$	(5.68	)	$	(5.68	)	$	29.72		35.81	%	$	954,063		0.64	%		0.64	%		0.11	%		42	%
IB		25.95		(0.04	)		8.30			8.26			—			(5.68	)		(5.68	)		28.53		35.45			381,057		0.89			0.89			(0.14	)		42
For the Year Ended December 31, 2018
IA	$	32.13	$	(0.01	)	$	(3.27	)	$	(3.28	)	$	—		$	(2.09	)	$	(2.09	)	$	26.76		(11.70	)%	$	803,907		0.64	%		0.64	%		(0.03	)%		86	%
IB		31.28		(0.09	)		(3.15	)		(3.24	)		—			(2.09	)		(2.09	)		25.95		(11.89	)		312,475		0.89			0.89			(0.28	)		86
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
Hartford Small Company HLS Fund
For the Year Ended December 31, 2019
IA	$	18.38	$	(0.05	)	$	6.36		$	6.31		$	—		$	(4.24	)	$	(4.24	)	$	20.45		37.00	%	$	572,642		0.79	%		0.79	%		(0.23	)%		79	%
IB		16.94		(0.09	)		5.83			5.74			—			(4.24	)		(4.24	)		18.44		36.77			51,691		1.04			1.04			(0.49	)		79
For the Year Ended December 31, 2018
IA	$	20.42	$	(0.10	)	$	(0.46	)	$	(0.56	)	$	—		$	(1.48	)	$	(1.48	)	$	18.38		(4.23	)%	$	473,098		0.78	%		0.78	%		(0.47	)%		100	%
IB		18.97		(0.15	)		(0.40	)		(0.55	)		—			(1.48	)		(1.48	)		16.94		(4.51	)		46,402		1.03			1.03			(0.73	)		100

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

169

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 – (continued)
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	(5)	$	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	(5)		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
Hartford Stock HLS Fund
For the Year Ended December 31, 2019
IA	$	78.10	$	1.43		$	22.40		$	23.83		$	(1.46	)	$	(7.89	)	$	(9.35	)	$	92.58		31.22	%	$	1,375,643		0.51	%		0.51	%		1.59	%		15	%
IB		78.11		1.20			22.39			23.59			(1.24	)		(7.89	)		(9.13	)		92.57		30.89			133,951		0.76			0.76			1.34			15
For the Year Ended December 31, 2018
IA	$	79.57	$	1.31		$	(1.45	)	$	(0.14	)	$	(1.33	)	$	—		$	(1.33	)	$	78.10		(0.14	)%	$	1,201,873		0.51	%		0.51	%		1.60	%		22	%
IB		79.54		1.10			(1.43	)		(0.33	)		(1.10	)		—			(1.10	)		78.11		(0.38	)		120,176		0.76			0.76			1.34			22
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
Hartford Total Return Bond HLS Fund
For the Year Ended December 31, 2019
IA	$	10.76	$	0.36	(7)	$	0.77	(7)	$	1.13		$	(0.45	)	$	—		$	(0.45	)	$	11.44		10.65	%	$	1,873,182		0.51	%		0.51	%		3.16	%(7)		61	%
IB		10.70		0.33	(7)		0.77	(7)		1.10			(0.42	)		—			(0.42	)		11.38		10.32			214,338		0.76			0.76			2.91	(7)		61
For the Year Ended December 31, 2018
IA	$	11.32	$	0.35		$	(0.43	)	$	(0.08	)	$	(0.44	)	$	(0.04	)	$	(0.48	)	$	10.76		(0.81	)%	$	1,871,299		0.51	%		0.51	%		3.23	%		53	%
IB		11.25		0.33			(0.43	)		(0.10	)		(0.41	)		(0.04	)		(0.45	)		10.70		(0.91	)		215,123		0.76			0.76			2.98			53
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
Hartford Ultrashort Bond HLS Fund
For the Year Ended December 31, 2019
IA	$	10.10	$	0.23		$	0.05		$	0.28		$	(0.19	)	$	—		$	(0.19	)	$	10.19		2.81	%	$	393,590		0.45	%		0.45	%		2.21	%		70	%
IB		10.09		0.20			0.06			0.26			(0.17	)		—			(0.17	)		10.18		2.54			57,142		0.70			0.70			1.96			70

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

170

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 – (continued)
For the Year Ended December 31, 2018
IA	$	10.06	$	0.18	$	(0.02	)	$	0.16		$	(0.12	)	$	—		$	(0.12	)	$	10.10		1.57	%	$	437,160		0.45	%		0.45	%		1.77	%		51	%
IB		10.05		0.15		(0.02	)		0.13			(0.09	)		—			(0.09	)		10.09		1.27			64,859		0.70			0.70			1.52			51
For the Year Ended December 31, 2017
IA	$	10.04	$	0.10	$	—	(5)	$	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	(5)		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
Hartford U.S. Government Securities HLS Fund
For the Year Ended December 31, 2019
IA	$	10.05	$	0.21	$	0.32		$	0.53		$	(0.27	)	$	—		$	(0.27	)	$	10.31		5.22	%	$	265,860		0.51	%		0.51	%		2.07			44	%
IB		10.04		0.19		0.31			0.50			(0.24	)		—			(0.24	)		10.30		4.93			55,524		0.76			0.76			1.82			44
For the Year Ended December 31, 2018
IA	$	10.21	$	0.21	$	(0.13	)	$	0.08		$	(0.24	)	$	—		$	(0.24	)	$	10.05		0.85	%	$	286,243		0.52	%		0.52	%		2.08	%		42	%
IB		10.20		0.18		(0.13	)		0.05			(0.21	)		—			(0.21	)		10.04		0.55			59,340		0.77			0.77			1.83			42
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	)(5)	$	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	)(5)		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
Hartford Value HLS Fund
For the Year Ended December 31, 2019
IA	$	12.81	$	0.25	$	3.08		$	3.33		$	(0.28	)	$	(1.50	)	$	(1.78	)	$	14.36		27.71	%	$	382,127		0.72	%		0.72	%		1.76	%		43	%
IB		12.79		0.21		3.08			3.29			(0.24	)		(1.50	)		(1.74	)		14.34		27.46			61,944		0.97			0.97			1.51			43
For the Year Ended December 31, 2018
IA	$	16.05	$	0.28	$	(1.75	)	$	(1.47	)	$	(0.25	)	$	(1.52	)	$	(1.77	)	$	12.81		(10.18	)%	$	353,040		0.71	%		0.71	%		1.80	%		28	%
IB		16.02		0.24		(1.74	)		(1.50	)		(0.21	)		(1.52	)		(1.73	)		12.79		(10.40	)		58,204		0.96			0.96			1.55			28
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

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

171

Hartford HLS Funds

Financial Highlights – (continued)

⁽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⁾  FASB issued ASU 2017-08 to amend the amortization period to the earliest call date for purchased callable debt securities held at a premium. Effective January 1, 2019, the Fund amended its amortization policy and the effect of this change for the year ended December 31, 2019 was an increase to net investment income per share for less than $0.005, decrease to net realized and unrealized gain (loss) on investments for less than $(0.005) and an increase to ratio of net investment income to average net assets for less than 0.005% for each class of shares. Per share data and ratios for periods prior to December 31, 2019 have not been restated to reflect this change in presentation.

⁽⁵⁾  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.

⁽⁶⁾  FASB issued ASU 2017-08 to amend the amortization period to the earliest call date for purchased callable debt securities held at a premium. Effective January 1, 2019, the Fund amended its amortization policy and the effect of this change for the year ended December 31, 2019 was an increase to net investment income per share for $0.01, decrease to net realized and unrealized gain (loss) to investments for $(0.01) and an increase to ratio of net investment income to average net assets of 0.07% for each class of shares. Per share data and ratios for periods prior to December 31, 2019 have not been restated to reflect this change in presentation.

⁽⁷⁾  FASB issued ASU 2017-08 to amend the amortization period to the earliest call date for purchased callable debt securities held at a premium. Effective January 1, 2019, the Fund amended its amortization policy and the effect of this change for the year ended December 31, 2019 was a decrease to net investment income per share for less than $(0.005), increase to net realized and unrealized gain (loss) on investments for less than $0.005 and a decrease to ratio of net investment income to average net assets of (0.01)% for each class of shares. Per share data and ratios for periods prior to December 31, 2019 have not been restated to reflect this change in presentation.

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

172

Hartford HLS Funds

Notes to Financial Statements

December 31, 2019

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, 2019. 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 MidCap Growth HLS Fund (the “MidCap Growth HLS Fund”)

Hartford Small Cap Growth HLS Fund (the “Small Cap Growth 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 insurance companies and certain qualified pension or retirement plans. 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 has registered for sale Class IA and IB shares. Each of Capital Appreciation HLS Fund and Growth Opportunities HLS Fund also has registered for sale Class IC shares. Each Fund is closed to certain investors. For more information please see each Fund’s statutory 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 services 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.

173

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

b) Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV of each class 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 official close price or last reported trade price. If no trades were reported, market value is based on prices obtained from a quotation reporting system, established market makers (including evaluated prices), or independent pricing services. Pricing vendors may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data, credit quality information, general market conditions, news, and other factors and assumptions.

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 Board of Directors of the respective Company (the “Board of Directors”) (“Valuation Procedures”). 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. 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.

Prices of foreign equities that are principally traded on certain foreign markets will generally be 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. 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.

Fixed income investments (other than short-term obligations) held by a Fund are normally valued at prices supplied by independent pricing services in accordance with the Valuation Procedures. 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 derivatives, such as options, futures and options on futures, are valued at the last sale price determined by the exchange where such instruments principally trade as of the close of such exchange (“Exchange Close”). If a last sale price is not available, the value will be the mean of the most recently quoted bid and ask prices as of the Exchange Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the most recently quoted bid price as of the Exchange Close. Over-the-counter derivatives are normally valued based on prices supplied by independent pricing services in accordance with the Valuation Procedures.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using the prevailing spot currency 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 Exchange 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, if any, are valued at the respective NAV of each open-end mutual fund on the Valuation Date. Shares of investment companies listed and traded on an exchange are valued in the same manner as any exchange-listed equity security. Such open-end mutual funds and listed investment companies 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 the Valuation Procedures.

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.

174

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

• 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 has delegated the day-to-day responsibility for implementing the Valuation Procedures to the Valuation Committee. 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, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Board of Directors.

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.

Growth Opportunities HLS Fund Level 3 Holdings on December 31, 2019

Quantitative Information about Level 3 Fair Value Measurements:

Security Type / Valuation Technique*	Unobservable Input	Input Value(s) Range (Weighted Average)		Fair Value at December 31, 2019
Common Stock
Market Approach	EV/EBITDA		12.6x	$	2,518,446
Market Approach	EV/Revenue		4.34x		674,811
Target Event	Trade Price		$3.42 - $19.19 ($3.71)		5,460,262
Last Trade	Trade Price		$8.72 - $241.72 ($63.30)		19,842,580
Total				$	28,496,099
Escrows
Future Cash Distribution	Discount		20.00%	$	129,224
Total				$	129,224
Convertible Preferred Stock
Market Approach	EV/Revenue		1.25x - 5.6x (2.37x)	$	22,343,601
Market Approach	EV/EBITDA		8.9x		2,358,566
Last Trade	Trade Price		$11.60 - $19.19 ($15.39)		3,796,339
Total				$	28,498,506
Warrant
Last Trade	Trade Price		0.05	$	25,820
Total				$	25,820
Total				$	57,149,649

* 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.

175

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

Small Company HLS Fund Level 3 Holdings on December 31, 2019

Quantitative Information about Level 3 Fair Value Measurements:

Security Type / Valuation Technique*	Unobservable Input	Input Value(s) Range (Weighted Average)		Fair Value at December 31, 2019
Common Stock
Market Approach	EV/EBITDA		6.2x - 12.6x (9.9x)	$	4,803,363
Target Event	Trade Price		$3.42		3,113,195
Total				$	7,916,558
Escrows
Future Cash Distribution	Discount		20.00%	$	85,420
Total				$	85,420
Convertible Preferred Stock
Market Approach	EV/Revenue		1.25x - 2.75x (1.89x)	$	6,811,247
Total				$	6,811,247
Total				$	14,813,225

* 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.

The trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. The trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, a Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts, inflation adjustments and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage-related and other asset-backed securities are included in interest income in the Statements of Operations, as applicable.

Please refer to Note 8 for Securities Lending information.

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 and interest from securities in which a 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 class of each Fund’s shares are executed in accordance with the investment instructions of the contract holders and plan participants. The NAV of each class of each Fund’s shares is determined as

176

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

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) Restricted Securities – Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if applicable, is included at the end of each Fund’s Schedule of Investments.

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, 2019.

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, 2019.

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 debt holders 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, 2019.

177

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

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, 2019.

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, 2019.

4. Financial Derivative Instruments:

The following disclosures contain information on how and why a Fund may use 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 year ended December 31, 2019, each of Capital Appreciation HLS Fund, High Yield HLS Fund, International Opportunities HLS Fund and Total Return Bond HLS Fund had used 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 may use 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 year ended December 31, 2019, each of Balanced HLS Fund, Capital Appreciation HLS Fund, Total Return Bond HLS Fund and U.S. Government Securities HLS Fund had used 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

178

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

contracts are either over-the-counter (“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 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, swaps, investments or currency transactions 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 year ended December 31, 2019, Total Return Bond HLS Fund had used 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 in accordance with the Valuation Procedures. 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 swaps. 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 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.

179

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

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 year ended December 31, 2019, each of High Yield HLS Fund and Total Return Bond HLS Fund had used 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 year ended December 31, 2019, each of Total Return Bond HLS Fund and U.S. Government Securities HLS Fund had used Interest Rate Swap Contracts.

Total Return Swap Contracts – Certain Funds may invest in total return swap contracts in pursuit of the Fund’s investment objective or for hedging purposes. An investment in a total return swap allows a Fund to gain or mitigate exposure to underlying reference assets. Total return swap contracts involve commitments where cash flows are exchanged based on the price of underlying reference assets and based on a fixed or variable interest rate. One party receives payments based on the price appreciation or depreciation of the underlying reference asset, in exchange for paying to or receiving from the counterparty seller an agreed-upon interest rate. A variable interest rate may be correlated to a base rate, such as the LIBOR, and is adjusted each reset period, which is defined at the beginning of the contract. Therefore, if interest rates increase over the term of the swap contract, the party paying the rate may be required to pay a higher rate at each swap reset date.

Total return swap contracts on indices involve commitments to pay interest in exchange for a market-linked return. One party pays out the total return of a specific reference asset, which may be an equity, index, or bond, and in return receives a regular stream of payments. To the extent the total return of the security or index underlying the transaction exceeds or falls short of the offsetting interest rate obligation, a Fund

180

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

will receive a payment from or make a payment to the counterparty. If the Fund is a payer in a total return swap, it may be subject to unlimited losses. They are also subject to counterparty risk. If the counterparty fails to meet its obligations, the Fund may lose money.

During the year ended December 31, 2019, Total Return Bond HLS Fund had used Total Return Swap Contracts.

e) Additional Derivative Instrument Information:

Balanced HLS Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2019:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Liabilities:
Unrealized depreciation on futures contracts(1)	$	148,169	$	—	$	—	$	—	$	—	$	—	$	148,169
Total	$	148,169	$	—	$	—	$	—	$	—	$	—	$	148,169

⁽¹⁾  Amount represents the cumulative 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 Statement of Assets and Liabilities.

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2019:

	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	$	688,365		$	—	$	—	$	—	$	—	$	—	$	688,365
Total	$	688,365		$	—	$	—	$	—	$	—	$	—	$	688,365
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of futures contracts	$	(326,284	)	$	—	$	—	$	—	$	—	$	—	$	(326,284	)
Total	$	(326,284	)	$	—	$	—	$	—	$	—	$	—	$	(326,284	)

For the year ended December 31, 2019, 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	204

Capital Appreciation HLS Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2019:

	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	$	—	$	92,912	$	—	$	—	$	—	$	—	$	92,912
Total	$	—	$	92,912	$	—	$	—	$	—	$	—	$	92,912
Liabilities:
Unrealized depreciation on futures contracts(1)	$	—	$	—	$	—	$	182,173	$	—	$	—	$	182,173
Total	$	—	$	—	$	—	$	182,173	$	—	$	—	$	182,173

⁽¹⁾  Amount represents the cumulative 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 Statement of Assets and Liabilities.

181

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

Capital Appreciation HLS Fund – (continued)

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2019:

	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	$	—	$	—	$	—	$	11,906,527	$	—	$	—	$	11,906,527
Net realized gain (loss) on foreign currency contracts		—		206,918		—		—		—		—		206,918
Total	$	—	$	206,918	$	—	$	11,906,527	$	—	$	—	$	12,113,445
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of futures contracts	$	—	$	—	$	—	$	2,474,753	$	—	$	—	$	2,474,753
Net change in unrealized appreciation (depreciation) of foreign currency contracts		—		438,494		—		—		—		—		438,494
Total	$	—	$	438,494	$	—	$	2,474,753	$	—	$	—	$	2,913,247

For the year ended December 31, 2019, 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		398
Foreign Currency Contracts Purchased at Contract Amount	$	5,756,887
Foreign Currency Contracts Sold at Contract Amount	$	13,694,499

High Yield HLS Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2019:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on swap contracts(1)	$	—	$	—	$	122,308	$	—	$	—	$	—	$	122,308
Total	$	—	$	—	$	122,308	$	—	$	—	$	—	$	122,308
Liabilities:
Unrealized depreciation on foreign currency contracts	$	—	$	40,031	$	—	$	—	$	—	$	—	$	40,031
Total	$	—	$	40,031	$	—	$	—	$	—	$	—	$	40,031

⁽¹⁾  Amount represents the cumulative appreciation 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 on OTC swap contracts, if applicable.

182

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

High Yield HLS Fund – (continued)

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2019:

	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	$	—	$	—		$	(54,937	)	$	—	$	—	$	—	$	(54,937	)
Net realized gain (loss) on foreign currency contracts		—		281,939			—			—		—		—		281,939
Total	$	—	$	281,939		$	(54,937	)	$	—	$	—	$	—	$	227,002
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of swap contracts	$	—	$	—		$	122,308		$	—	$	—	$	—	$	122,308
Net change in unrealized appreciation (depreciation) of foreign currency contracts		—		(55,881	)		—			—		—		—		(55,881	)
Total	$	—	$	(55,881	)	$	122,308		$	—	$	—	$	—	$	66,427

For the year ended December 31, 2019, 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	$	3,212,000
Foreign Currency Contracts Purchased at Contract Amount	$	612,225
Foreign Currency Contracts Sold at Contract Amount	$	4,791,212

International Opportunities HLS Fund

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2019:

	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	$	—	$	(16,254	)	$	—	$	—	$	—	$	—	$	(16,254	)
Total	$	—	$	(16,254	)	$	—	$	—	$	—	$	—	$	(16,254	)

For the year ended December 31, 2019, 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 Sold at Contract Amount	$	730,498

183

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

Total Return Bond HLS Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2019:

	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	$	2,626,843	$	—	$	—	$	—	$	—	$	—	$	2,626,843
Unrealized appreciation on futures contracts(1)		1,384,659		—		—		—		—		—		1,384,659
Unrealized appreciation on foreign currency contracts		—		234,776		—		—		—		—		234,776
Unrealized appreciation on swap contracts(2)		632,532		—		3,096,257		—		—		—		3,728,789
Total	$	4,644,034	$	234,776	$	3,096,257	$	—	$	—	$	—	$	7,975,067
Liabilities:
Unrealized depreciation on futures contracts(1)	$	2,722,829	$	—	$	—	$	—	$	—	$	—	$	2,722,829
Unrealized depreciation on foreign currency contracts		—		1,123,073		—		—		—		—		1,123,073
Unrealized depreciation on swap contracts(2)		6,930,055		—		1,515,727		—		—		—		8,445,782
Total	$	9,652,884	$	1,123,073	$	1,515,727	$	—	$	—	$	—	$	12,291,684

⁽¹⁾  Amount represents the cumulative appreciation and 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 Statement of Assets and Liabilities.

⁽²⁾  Amount represents the cumulative appreciation and 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 and depreciation on OTC swap contracts, if applicable.

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2019:

	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	$	(688,017	)	$	—		$	—	$	—	$	—	$	—	$	(688,017	)
Net realized gain (loss) on futures contracts		19,971,254			—			—		—		—		—		19,971,254
Net realized gain (loss) on written options contracts		810,184			—			—		—		—		—		810,184
Net realized gain (loss) on swap contracts		(6,449,852	)		—			5,069		—		—		—		(6,444,783	)
Net realized gain (loss) on foreign currency contracts		—			1,753,329			—		—		—		—		1,753,329
Total	$	13,643,569		$	1,753,329		$	5,069	$	—	$	—	$	—	$	15,401,967
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	$	1,311,727		$	—		$	—	$	—	$	—	$	—	$	1,311,727
Net change in unrealized appreciation (depreciation) of futures contracts		(7,448,465	)		—			—		—		—		—		(7,448,465	)
Net change in unrealized appreciation (depreciation) of written options contracts		224,937			—			—		—		—		—		224,937
Net change in unrealized appreciation (depreciation) of swap contracts		(5,266,775	)		—			5,740,436		—		—		—		473,661
Net change in unrealized appreciation (depreciation) of foreign currency contracts		—			(969,546	)		—		—		—		—		(969,546	)
Total	$	(11,178,576	)	$	(969,546	)	$	5,740,436	$	—	$	—	$	—	$	(6,407,686	)

184

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

Total Return Bond HLS Fund – (continued)

For the year ended December 31, 2019, 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		80,626,333
Futures Contracts Long at Number of Contracts		2,860
Futures Contracts Short at Number of Contracts		(944	)
Written Options Contracts at Number of Contracts		(320,560,004	)
Swap Contracts at Notional Amount	$	352,535,859
Foreign Currency Contracts Purchased at Contract Amount	$	4,436,292
Foreign Currency Contracts Sold at Contract Amount	$	44,539,229

U.S. Government Securities HLS Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2019:

	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Liabilities:
Unrealized depreciation on futures contracts(1)	$	588,088	$	—	$	—	$	—	$	—	$	—	$	588,088
Unrealized depreciation on swap contracts(2)		1,860,127		—		—		—		—		—		1,860,127
Total	$	2,448,215	$	—	$	—	$	—	$	—	$	—	$	2,448,215

⁽¹⁾  Amount represents the cumulative 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 Statement of Assets and Liabilities.

⁽²⁾  Amount represents the cumulative 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 depreciation on OTC swap contracts, if applicable.

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2019:

	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	$	6,101,592		$	—	$	—	$	—	$	—	$	—	$	6,101,592
Net realized gain (loss) on swap contracts		(464,689	)		—		—		—		—		—		(464,689	)
Total	$	5,636,903		$	—	$	—	$	—	$	—	$	—	$	5,636,903
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of futures contracts	$	(2,220,130	)	$	—	$	—	$	—	$	—	$	—	$	(2,220,130	)
Net change in unrealized appreciation (depreciation) of swap contracts		(1,514,095	)		—		—		—		—		—		(1,514,095	)
Total	$	(3,734,225	)	$	—	$	—	$	—	$	—	$	—	$	(3,734,225	)

For the year ended December 31, 2019, 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		957
Futures Contracts Short at Number of Contracts		(42	)
Swap Contracts at Notional Amount	$	35,828,083

⁽¹⁾  Amount represents the cumulative appreciation and 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 Statement of Assets and Liabilities.

185

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

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 a Fund, against any liabilities or payment obligations of a Fund to the clearing brokers. A Fund is required to deposit financial collateral (including cash collateral) at the Fund’s custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in a bankruptcy.

The following tables present a Fund’s 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 a Fund as of December 31, 2019:

Balanced HLS Fund

Derivative Financial Instruments:	Assets		Liabilities
Futures contracts	$	—	$	(148,169	)
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		—		(148,169	)
Derivatives not subject to a MNA		—		148,169
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	$	92,912	$	—
Futures contracts		—		(182,173	)
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		92,912		(182,173	)
Derivatives not subject to a MNA		—		182,173
Total gross amount of assets and liabilities subject to MNA or similar agreements	$	92,912	$	—

Counterparty	Gross Amount of Assets		Financial Instruments and Derivatives Available for Offset		Non-cash Collateral Received*		Cash Collateral Received*		Net Amount of Assets
Citibank NA	$	76,704	$	—	$	—	$	—	$	76,704
RBC Dominion Securities, Inc.		16,208		—		—		—		16,208
Total	$	92,912	$	—	$	—	$	—	$	92,912

* 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	$	—		$	(40,031	)
Swap contracts		122,308			—
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		122,308			(40,031	)
Derivatives not subject to a MNA		(122,308	)		—
Total gross amount of assets and liabilities subject to MNA or similar agreements	$	—		$	(40,031	)

Counterparty	Gross Amount of Liabilities			Financial Instruments and Derivatives Available for Offset		Non-cash Collateral Pledged*		Cash Collateral Pledged*		Net Amount of Liabilities
Bank of Montreal	$	(6,571	)	$	—	$	—	$	—	$	(6,571	)
Citibank NA		(33,460	)		—		—		—		(33,460	)
Total	$	(40,031	)	$	—	$	—	$	—	$	(40,031	)

* In some instances, the actual collateral received and/or pledged may be more than the amount shown.

186

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

Total Return Bond HLS Fund

Derivative Financial Instruments:	Assets			Liabilities
Foreign currency contracts	$	234,776		$	(1,123,073	)
Futures contracts		1,384,659			(2,722,829	)
Purchased options		2,626,843			—
Swap contracts		3,728,789			(8,445,782	)
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		7,975,067			(12,291,684	)
Derivatives not subject to a MNA		(2,163,977	)		9,718,045
Total gross amount of assets and liabilities subject to MNA or similar agreements	$	5,811,090		$	(2,573,639	)

Total Return Bond HLS Fund

Counterparty	Gross Amount of Assets			Financial Instruments and Derivatives Available for Offset			Non-cash Collateral Received*		Cash Collateral Received*			Net Amount of Assets
Banc of America Securities LLC	$	417,239		$	—		$	—	$	—		$	417,239
Barclays		394,425			(83,892	)		—		—			310,533
BNP Paribas Securities Services		2,241			—			—		—			2,241
Citibank NA		709,312			(169,034	)		—		—			540,278
Credit Suisse International		993,911			(733,836	)		—		—			260,075
Deutsche Bank Securities, Inc.		539,634			(15,482	)		—		—			524,152
Goldman Sachs & Co.		777,863			(387,483	)		—		—			390,380
JP Morgan Chase & Co.		803,277			(63,412	)		—		(120,000	)		619,865
Morgan Stanley		1,163,134			(298,737	)		—		—			864,397
State Street Global Markets LLC		10,054			(10,054	)		—		—			—
Total	$	5,811,090		$	(1,761,930	)	$	—	$	(120,000	)	$	3,929,160
Counterparty	Gross Amount of Liabilities			Financial Instruments and Derivatives Available for Offset			Non-cash Collateral Pledged*		Cash Collateral Pledged*			Net Amount of Liabilities
Barclays	$	(83,892	)	$	83,892		$	—	$	—		$	—
Canadian Imperial Bank of Commerce		(21,441	)		—			—		—			(21,441	)
Citibank NA		(169,034	)		169,034			—		—			—
Credit Suisse International		(733,836	)		733,836			—		—			—
Deutsche Bank Securities, Inc.		(15,482	)		15,482			—		—			—
Goldman Sachs & Co.		(387,483	)		387,483			—		—			—
HSBC Bank USA		(290,549	)		—			—		—			(290,549	)
JP Morgan Chase & Co.		(63,412	)		63,412			—		—			—
Morgan Stanley		(298,737	)		298,737			—		—			—
RBC Dominion Securities, Inc.		(14,304	)		—			—		—			(14,304	)
Standard Chartered Bank		(27,446	)		—			—		—			(27,446	)
State Street Global Markets LLC		(464,421	)		10,054			—		—			(454,367	)
Toronto-Dominion Bank		(3,602	)		—			—		—			(3,602	)
Total	$	(2,573,639	)	$	1,761,930		$	—	$	—		$	(811,709	)

* 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	$	—	$	(588,088	)
Swap contracts		—		(1,860,127	)
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		—		(2,448,215	)
Derivatives not subject to a MNA		—		2,448,215
Total gross amount of assets and liabilities subject to MNA or similar agreements	$	—	$	—

187

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

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, 2019. 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 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.

188

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

c) Distributions and Components of Distributable Earnings – The tax character of distributions paid by each Fund for the years ended December 31, 2019 and December 31, 2018 are as follows:

	For the Year Ended December 31, 2019				For the Year Ended December 31, 2018
Fund	Ordinary Income		Long-Term Capital Gains		Ordinary Income		Long-Term Capital Gains
Balanced HLS Fund	$	42,007,653	$	167,293,542	$	49,937,858	$	89,763,845
Capital Appreciation HLS Fund		99,015,169		413,992,165		155,684,592		357,773,863
Disciplined Equity HLS Fund		8,181,434		67,970,111		10,105,656		57,940,779
Dividend and Growth HLS Fund		58,525,929		373,240,761		62,479,436		354,664,659
Global Growth HLS Fund		6,279,746		64,635,345		4,474,845		41,743,435
Growth Opportunities HLS Fund		97,423,710		212,417,801		87,935,173		121,869,097
Healthcare HLS Fund		136,553		28,725,129		6,465,231		13,897,527
High Yield HLS Fund		15,580,330		—		16,383,413		—
International Opportunities HLS Fund		21,562,148		44,838,605		26,985,679		—
MidCap HLS Fund		4,865,029		304,988,085		18,326,031		193,154,481
MidCap Growth HLS Fund		591,291		16,564,526		745,839		8,559,025
MidCap Value HLS Fund		3,413,839		38,045,643		3,997,177		22,842,554
Small Cap Growth HLS Fund		47,675,414		169,755,491		—		83,609,724
Small Company HLS Fund		14,521,011		96,371,188		—		41,270,164
Stock HLS Fund		29,221,971		116,547,978		21,980,653		—
Total Return Bond HLS Fund		82,153,678		—		86,216,331		7,769,724
Ultrashort Bond HLS Fund		8,913,051		—		5,554,707		—
U.S. Government Securities HLS Fund		8,237,791		—		8,467,369		—
Value HLS Fund		8,982,252		42,595,919		12,380,863		40,765,988

As of December 31, 2019, the components of distributable earnings (deficit) for each Fund on a tax basis are as follows:

Fund	Undistributed Ordinary Income		Undistributed Long-Term Capital Gains		Accumulated Capital and Other Losses			Other Temporary Differences			Unrealized Appreciation on Investments		Total Accumulated Earnings (Deficit)
Balanced HLS Fund	$	6,715,207	$	82,168,207	$	—		$	(44,409	)	$	476,175,040	$	565,014,045
Capital Appreciation HLS Fund		32,753,308		149,906,516		—			(269	)		701,584,656		884,244,211
Disciplined Equity HLS Fund		661,603		47,159,027		—			—			229,322,832		277,143,462
Dividend and Growth HLS Fund		3,203,463		152,643,462		—			—			1,149,763,395		1,305,610,320
Global Growth HLS Fund		1,786,093		39,766,533		—			—			151,174,469		192,727,095
Growth Opportunities HLS Fund		19,618,449		97,818,987		—			—			263,051,711		380,489,147
Healthcare HLS Fund		5,101,502		35,703,131		—			—			53,216,486		94,021,119
High Yield HLS Fund		13,585,736		—		(19,434,433	)		—			4,182,347		(1,666,350	)
International Opportunities HLS Fund		20,163,115		—		(22,796,193	)		—			157,724,549		155,091,471
MidCap HLS Fund		3,900,010		143,863,033		—			—			559,165,639		706,928,682
MidCap Growth HLS Fund		4,000,186		1,232,011		—			—			17,332,342		22,564,539
MidCap Value HLS Fund		131,671		20,270,395		—			—			54,414,508		74,816,574
Small Cap Growth HLS Fund		11,763,012		34,103,879		—			—			258,543,882		304,410,773
Small Company HLS Fund		24,851,298		41,113,203		—			—			102,498,310		168,462,811
Stock HLS Fund		4,320,924		89,887,636		—			—			493,359,071		587,567,631
Total Return Bond HLS Fund		81,807,228		—		—			(683,034	)		45,819,064		126,943,258
Ultrashort Bond HLS Fund		10,522,305		—		(577,794	)		—			1,131,256		11,075,767
U.S. Government Securities HLS Fund		7,093,225		—		(26,714,682	)		(303,857	)		1,453,058		(18,472,256	)
Value HLS Fund		284,094		31,554,266		—			—			109,486,875		141,325,235

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 prior year adjustments. 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 distributable earnings or from capital depending on the type of book and tax differences that exist. For the year ended December 31, 2019, the Funds recorded reclassifications to increase (decrease) the accounts listed below:

Fund	Paid-in-Capital			Distributable Earnings
Balanced HLS Fund	$	(12,484	)	$	12,484
Capital Appreciation HLS Fund		(21,465	)		21,465
Growth Opportunities HLS Fund		(7,231	)		7,231
Small Company HLS Fund		(8,029	)		8,029

189

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

e) Tax Basis of Investments – The aggregate cost of investments for federal income tax purposes at December 31, 2019 is different from book purposes primarily due to wash sale loss deferrals, passive foreign investment company (PFIC) mark-to-market adjustments, partnership adjustments and non-taxable distributions from underlying investments. The net unrealized appreciation/(depreciation) on investments for tax purposes, which consists of gross unrealized appreciation and depreciation, was also different from book purposes primarily due to wash sale loss deferrals and mark-to-market adjustments on swaps, forwards, futures, options, PFICs, partnership adjustments and nontaxable distributions from underlying investments. Both the cost and unrealized appreciation and depreciation for federal income tax purposes are disclosed below:

Fund	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
Balanced HLS Fund	$	1,616,972,817	$	495,208,139	$	(19,034,865	)	$	476,173,274
Capital Appreciation HLS Fund		3,695,724,057		773,049,590		(71,378,094	)		701,671,496
Disciplined Equity HLS Fund		424,962,220		233,986,856		(4,664,024	)		229,322,832
Dividend and Growth HLS Fund		2,159,381,993		1,175,687,713		(25,924,318	)		1,149,763,395
Global Growth HLS Fund		372,637,730		156,520,836		(5,338,649	)		151,182,187
Growth Opportunities HLS Fund		1,372,066,011		304,648,130		(41,589,699	)		263,058,431
Healthcare HLS Fund		184,045,802		62,510,963		(9,293,690	)		53,217,273
High Yield HLS Fund		243,905,145		11,521,541		(7,340,122	)		4,181,419
International Opportunities HLS Fund		1,071,818,616		166,670,690		(8,955,803	)		157,714,887
MidCap HLS Fund		1,539,592,300		609,350,151		(50,184,513	)		559,165,638
MidCap Growth HLS Fund		85,703,107		19,388,090		(2,055,748	)		17,332,342
MidCap Value HLS Fund		269,358,199		60,269,852		(5,855,344	)		54,414,508
Small Cap Growth HLS Fund		1,071,261,726		314,722,702		(56,178,820	)		258,543,882
Small Company HLS Fund		531,727,776		114,199,158		(11,701,033	)		102,498,125
Stock HLS Fund		1,023,243,392		499,285,354		(5,926,574	)		493,358,780
Total Return Bond HLS Fund		2,716,781,342		74,980,172		(29,171,732	)		45,808,440
Ultrashort Bond HLS Fund		456,146,971		1,189,805		(58,549	)		1,131,256
U.S. Government Securities HLS Fund		369,846,793		5,054,526		(3,601,468	)		1,453,058
Value HLS Fund		338,808,633		115,606,056		(6,119,896	)		109,486,160

f) Capital Loss Carryforward – Under the Regulated Investment Company Modernization Act of 2010, funds are permitted to carry forward capital losses for an unlimited period of time.

At December 31, 2019 (tax year end), each Fund’s capital loss carryforwards for U.S. federal income tax purposes were as follows:

Fund	Short-Term Capital Loss Carryforward with No Expiration		Long-Term Capital Loss Carryforward with No Expiration
High Yield HLS Fund	$	1,669,478	$	17,764,955
International Opportunities HLS Fund		18,338,539		4,457,654
Ultrashort Bond HLS Fund		96,680		481,114
U.S. Government Securities HLS Fund		472,755		26,241,927

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, MidCap HLS Fund, MidCap Growth HLS Fund, MidCap Value HLS Fund, Small Cap Growth HLS Fund, Small Company 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, 2019.

During the year ended December 31, 2019, the Total Return Bond HLS Fund, Ultrashort Bond HLS Fund and U.S. Government Securities HLS Fund had utilized $39,899,100, $272,202 and $5,479,153 of prior year capital loss carryforwards, respectively.

g) Accounting for Uncertainty in Income Taxes – Pursuant to provisions set forth by U.S. GAAP, Hartford Funds Management Company, LLC (“HFMC”) reviews each Fund’s tax positions for all open tax years. As of December 31, 2019, HFMC had reviewed the open tax years and concluded that there was no reason to record a liability for net unrecognized tax obligations relating to uncertain income tax positions. Each Fund files U.S. tax returns. Although the statute of limitations for examining a Fund’s U.S. tax returns remains open for 3 years, no examination is currently in progress. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense on the Statements of Operations. During the year ended December 31, 2019, the Funds did not incur any interest or penalties. HFMC is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax obligations will significantly change in the next twelve months.

7. Expenses:

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

190

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

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, 2019; 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
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

191

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

Fund	Management Fee Rates
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 Growth 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
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
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	0.6900% on first $250 million and;
	0.6425% on next $250 million and;
	0.6325% 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% and 0.04% of average daily net assets until April 30, 2020, for the Balanced HLS Fund and MidCap Value HLS Fund, respectively.

192

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

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.

Balanced HLS Fund, Capital Appreciation HLS Fund, Growth Opportunities HLS Fund, Small Cap Growth HLS Fund, Small Company HLS Fund and Total Return Bond HLS Fund
Average Daily Net Assets	Annual Fees
First $3.5 billion and;		0.018%
Next $3.5 billion and		0.014%
Amount over $7 billion		0.010%
Disciplined Equity HLS Fund, Dividend and Growth HLS Fund, Global Growth HLS Fund, Healthcare HLS Fund, High Yield HLS Fund, International Opportunities HLS Fund, MidCap HLS Fund, MidCap Growth HLS Fund, MidCap Value HLS Fund, Stock HLS Fund, U.S. Government Securities HLS Fund, Ultrashort Bond HLS Fund and Value HLS Fund
Average Daily Net Assets	Annual Fees
First $3.5 billion and;		0.014%
Next $3.5 billion and		0.012%
Amount over $7 billion		0.010%

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 each 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.

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	%		N/A
Capital Appreciation HLS Fund		0.68	%		0.93	%		1.18	%
Disciplined Equity HLS Fund		0.78	%		1.03	%		N/A
Dividend and Growth HLS Fund		0.68	%		0.93	%		N/A
Global Growth HLS Fund		0.80	%		1.05	%		N/A
Growth Opportunities HLS Fund		0.65	%		0.90	%		1.15	%
Healthcare HLS Fund		0.90	%		1.16	%		N/A
High Yield HLS Fund		0.77	%		1.02	%		N/A
International Opportunities HLS Fund		0.74	%		0.99	%		N/A
MidCap HLS Fund		0.69	%		0.94	%		N/A
MidCap Growth HLS Fund		0.92	%		1.17	%		N/A
MidCap Value HLS Fund		0.81	%		1.06	%		N/A
Small Cap Growth HLS Fund		0.64	%		0.89	%		N/A
Small Company HLS Fund		0.79	%		1.04	%		N/A
Stock HLS Fund		0.51	%		0.76	%		N/A
Total Return Bond HLS Fund		0.51	%		0.76	%		N/A
Ultrashort Bond HLS Fund		0.45	%		0.70	%		N/A
U.S. Government Securities HLS Fund		0.51	%		0.76	%		N/A
Value HLS Fund		0.72	%		0.97	%		N/A

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

193

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

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, 2019, 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	$	9,802
Capital Appreciation HLS Fund		20,871
Disciplined Equity HLS Fund		2,958
Dividend and Growth HLS Fund		15,171
Global Growth HLS Fund		2,365
Growth Opportunities HLS Fund		7,408
Healthcare HLS Fund		1,373
High Yield HLS Fund		1,241
International Opportunities HLS Fund		5,763
MidCap HLS Fund		9,820
MidCap Growth HLS Fund		418
MidCap Value HLS Fund		1,478
Small Cap Growth HLS Fund		6,088
Small Company HLS Fund		2,864
Stock HLS Fund		6,800
Total Return Bond HLS Fund		10,040
Ultrashort Bond HLS Fund		2,385
U.S. Government Securities HLS Fund		1,622
Value HLS Fund		2,104

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 DST Asset Manager Solutions, Inc. (“DST”), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to DST. 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.

For the year ended December 31, 2019, the effective rate of compensation paid to HASCO for transfer agency services as a percentage of each Class’ average daily net assets is as follows:

Fund	Class IA			Class IB			Class IC
Balanced HLS Fund		0.00	%*		0.00	%*		N/A
Capital Appreciation HLS Fund		0.00	%*		0.00	%*		0.00	%*
Disciplined Equity HLS Fund		0.00	%*		0.00	%*		N/A
Dividend and Growth HLS Fund		0.00	%*		0.00	%*		N/A
Global Growth HLS Fund		0.00	%*		0.00	%*		N/A
Growth Opportunities HLS Fund		0.00	%*		0.00	%*		0.00	%*
Healthcare HLS Fund		0.00	%*		0.00	%*		N/A
High Yield HLS Fund		0.00	%*		0.00	%*		N/A
International Opportunities HLS Fund		0.00	%*		0.00	%*		N/A
MidCap HLS Fund		0.00	%*		0.00	%*		N/A
MidCap Growth HLS Fund		0.01	%		0.01	%		N/A
MidCap Value HLS Fund		0.00	%*		0.00	%*		N/A
Small Cap Growth HLS Fund		0.00	%*		0.00	%*		N/A
Small Company HLS Fund		0.00	%*		0.00	%*		N/A
Stock HLS Fund		0.00	%*		0.00	%*		N/A
Total Return Bond HLS Fund		0.00	%*		0.00	%*		N/A
Ultrashort Bond HLS Fund		0.00	%*		0.00	%*		N/A
U.S. Government Securities HLS Fund		0.00	%*		0.00	%*		N/A
Value HLS Fund		0.00	%*		0.00	%*		N/A

* Percentage rounds to zero.

194

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

8. Securities Lending:

Each Company has entered into a securities lending agency agreement (“lending agreement”) with Citibank, N.A. (“Citibank”). A Fund may lend portfolio securities to certain borrowers in U.S. and non-U.S. markets in an amount not to exceed one-third (33 1/3%) of the value of its total assets. If a Fund security is on loan, under the lending agreement, the borrower is required to deposit cash or liquid securities as collateral at least equal to 100% of the market value of the loaned securities; cash collateral is invested for the benefit of the Fund by the Fund’s lending agent pursuant to collateral investment guidelines. The collateral is marked to market daily, in an amount at least equal to the current market value of the securities loaned.

A Fund is subject to certain risks while its securities are on loan, including the following: (i) the risk that the borrower defaults on the loan and the collateral is inadequate to cover the Fund’s loss; (ii) the risk that the earnings on the collateral invested are not sufficient to pay fees incurred in connection with the loan; (iii) the risk that the principal value of the collateral invested may decline; (iv) the risk that the borrower may use the loaned securities to cover a short sale, which may in turn place downward pressure on the market prices of the loaned securities; (v) the risk that return of loaned securities could be delayed and interfere with portfolio management decisions; and (vi) the risk that any efforts to restrict or recall the securities for purposes of voting may not be effective. These events could also trigger adverse tax consequences for the Fund.

The Funds retain loan fees and the interest on cash collateral investments but are required to pay the borrower a rebate for the use of cash collateral. In cases where the lent security is of high value to borrowers, there may be a negative rebate (i.e., a net payment from the borrower to the Funds). Upon termination of a loan, the Funds are required to return to the borrower an amount equal to the cash collateral, plus any rebate owed to the borrowers.

The net income earned on the securities lending (after payment of rebates and Citibank’s fee) is included on the Statements of Operations as Investment Income from securities lending. The Funds also receive payments from the borrower during the period of the loan, equivalent to dividends and interest earned on the securities loaned, which are recorded as Investment Income from dividends or interest, respectively, on the Statements of Operations.

The following table presents the market value of the Funds’ securities on loan, net of amounts available for offset under the master netting arrangements and any related collateral received by the Funds as of December 31, 2019.

Fund	Investment Securities on Loan, at market value, Presented on the Statement of Assets and Liabilities(1)		Collateral Posted by Borrower			Net Amount(2)
Balanced HLS Fund	$	1,259,139	$	(1,259,139	)	$	—
Capital Appreciation HLS Fund		36,073,339		(36,073,339	)		—
Global Growth HLS Fund		2,354,301		(2,354,301	)		—
Growth Opportunities HLS Fund		34,718,346		(34,718,346	)		—
Healthcare HLS Fund		2,857,063		(2,857,063	)		—
International Opportunities HLS Fund		7,283,858		(7,283,858	)		—
MidCap HLS Fund		9,661,255		(9,661,255	)		—
MidCap Growth HLS Fund		692,811		(692,811	)		—
MidCap Value HLS Fund		3,231,912		(3,231,912	)		—
Small Cap Growth HLS Fund		13,788,323		(13,788,323	)		—
Small Company HLS Fund		8,365,526		(8,365,526	)		—
Total Return Bond HLS Fund		7,460,798		(7,460,798	)		—
Ultrashort Bond HLS Fund		7,099,310		(7,099,310	)		—

⁽¹⁾  It is each Fund’s policy to obtain additional collateral from, or return excess collateral to, the borrower by the end of the next business day following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than that required under the lending contract.

⁽²⁾ Net amount represents the net amount receivable due from the counterparty in the event of default.

195

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

The total cash and non-cash collateral received by each Fund in connection with securities lending transactions is presented below:

Fund	Cash Collateral		Non-Cash Collateral
Balanced HLS Fund	$	1,296,480	$	—
Capital Appreciation HLS Fund		36,904,443		—
Global Growth HLS Fund		2,417,250		—
Growth Opportunities HLS Fund		34,985,906		251,326
Healthcare HLS Fund		2,978,534		—
International Opportunities HLS Fund		7,572,918		—
MidCap HLS Fund		9,784,951		—
MidCap Growth HLS Fund		699,591		—
MidCap Value HLS Fund		3,401,914		1
Small Cap Growth HLS Fund		12,322,305		2,097,033
Small Company HLS Fund		8,609,022		—
Total Return Bond HLS Fund		7,704,490		—
Ultrashort Bond HLS Fund		7,408,300		—

9. Secured Borrowings:

The following tables reflect a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of December 31, 2019.

CERTAIN TRANSFERS ACCOUNTED FOR AS SECURED BORROWINGS

Remaining Contractual Maturity of the Agreements

	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
Balanced HLS Fund
Securities Lending Transactions(1)
Municipal Bonds	$	1,296,480	$	—	$	—	$	—	$	1,296,480
Total Borrowings	$	1,296,480	$	—	$	—	$	—	$	1,296,480
Gross amount of recognized liabilities for securities lending transactions									$	1,296,480
Capital Appreciation HLS Fund
Securities Lending Transactions(1)
Common Stocks	$	36,904,443	$	—	$	—	$	—	$	36,904,443
Total Borrowings	$	36,904,443	$	—	$	—	$	—	$	36,904,443
Gross amount of recognized liabilities for securities lending transactions									$	36,904,443
Global Growth HLS Fund
Securities Lending Transactions(1)
Common Stocks	$	2,417,250	$	—	$	—	$	—	$	2,417,250
Total Borrowings	$	2,417,250	$	—	$	—	$	—	$	2,417,250
Gross amount of recognized liabilities for securities lending transactions									$	2,417,250
Growth Opportunities HLS Fund
Securities Lending Transactions(1)
Common Stocks	$	34,985,906	$	—	$	—	$	—	$	34,985,906
Total Borrowings	$	34,985,906	$	—	$	—	$	—	$	34,985,906
Gross amount of recognized liabilities for securities lending transactions									$	34,985,906
Healthcare HLS Fund
Securities Lending Transactions(1)
Common Stocks	$	2,978,534	$	—	$	—	$	—	$	2,978,534
Total Borrowings	$	2,978,534	$	—	$	—	$	—	$	2,978,534
Gross amount of recognized liabilities for securities lending transactions									$	2,978,534
International Opportunities HLS Fund
Securities Lending Transactions(1)
Common Stocks	$	7,572,918	$	—	$	—	$	—	$	7,572,918
Total Borrowings	$	7,572,918	$	—	$	—	$	—	$	7,572,918
Gross amount of recognized liabilities for securities lending transactions									$	7,572,918

196

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
MidCap HLS Fund
Securities Lending Transactions(1)
Common Stocks	$	9,784,951	$	—	$	—	$	—	$	9,784,951
Total Borrowings	$	9,784,951	$	—	$	—	$	—	$	9,784,951
Gross amount of recognized liabilities for securities lending transactions									$	9,784,951
MidCap Growth HLS Fund
Securities Lending Transactions(1)
Common Stocks	$	699,591	$	—	$	—	$	—	$	699,591
Total Borrowings	$	699,591	$	—	$	—	$	—	$	699,591
Gross amount of recognized liabilities for securities lending transactions									$	699,591
MidCap Value HLS Fund
Securities Lending Transactions(1)
Common Stocks	$	3,401,914	$	—	$	—	$	—	$	3,401,914
Total Borrowings	$	3,401,914	$	—	$	—	$	—	$	3,401,914
Gross amount of recognized liabilities for securities lending transactions									$	3,401,914
Small Cap Growth HLS Fund
Securities Lending Transactions(1)
Common Stocks	$	12,322,305	$	—	$	—	$	—	$	12,322,305
Total Borrowings	$	12,322,305	$	—	$	—	$	—	$	12,322,305
Gross amount of recognized liabilities for securities lending transactions									$	12,322,305
Small Company HLS Fund
Securities Lending Transactions(1)
Common Stocks	$	8,609,022	$	—	$	—	$	—	$	8,609,022
Total Borrowings	$	8,609,022	$	—	$	—	$	—	$	8,609,022
Gross amount of recognized liabilities for securities lending transactions									$	8,609,022
Total Return Bond HLS Fund
Securities Lending Transactions(1)
Corporate Bonds	$	3,748,498	$	—	$	—	$	—	$	3,748,498
Municipal Bonds		3,955,992		—		—		—		3,955,992
Total Borrowings	$	7,704,490	$	—	$	—	$	—	$	7,704,490
Gross amount of recognized liabilities for securities lending transactions									$	7,704,490
Ultrashort Bond HLS Fund
Securities Lending Transactions(1)
Corporate Bonds	$	104,671	$	—	$	—	$	—	$	104,671
U.S. Government Securities		7,303,629		—		—		—		7,303,629
Total Borrowings	$	7,408,300	$	—	$	—	$	—	$	7,408,300
Gross amount of recognized liabilities for securities lending transactions									$	7,408,300

⁽¹⁾  Amount represents the payable for cash collateral received on securities on loan. This will generally be in the “Overnight and Continuous” column as the securities are typically callable on demand.

197

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

10. Investment Transactions:

For the year ended December 31, 2019, 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		Cost of Purchases For U.S. Government Obligations		Sales Proceeds For U.S. Government Obligations		Total Cost of Purchases		Total Sales Proceeds
Balanced HLS Fund	$	585,000,672	$	807,881,079	$	180,690,691	$	176,055,569	$	765,691,363	$	983,936,648
Capital Appreciation HLS Fund		2,360,107,579		3,121,006,134		—		—		2,360,107,579		3,121,006,134
Disciplined Equity HLS Fund		93,165,615		180,920,961		—		—		93,165,615		180,920,961
Dividend and Growth HLS Fund		578,822,176		963,429,211		—		—		578,822,176		963,429,211
Global Growth HLS Fund		244,516,149		306,251,691		—		—		244,516,149		306,251,691
Growth Opportunities HLS Fund		1,013,297,666		1,201,317,708		—		—		1,013,297,666		1,201,317,708
Healthcare HLS Fund		98,753,252		225,162,950		—		—		98,753,252		225,162,950
High Yield HLS Fund		101,209,310		119,133,824		—		—		101,209,310		119,133,824
International Opportunities HLS Fund		1,022,511,582		1,153,856,392		—		—		1,022,511,582		1,153,856,392
MidCap HLS Fund		606,067,665		896,030,683		—		—		606,067,665		896,030,683
MidCap Growth HLS Fund		43,374,221		47,042,111		—		—		43,374,221		47,042,111
MidCap Value HLS Fund		153,714,027		193,556,261		—		—		153,714,027		193,556,261
Small Cap Growth HLS Fund		520,764,414		681,846,346		—		—		520,764,414		681,846,346
Small Company HLS Fund		461,364,219		533,748,244		—		—		461,364,219		533,748,244
Stock HLS Fund		217,216,076		395,773,488		—		—		217,216,076		395,773,488
Total Return Bond HLS Fund		710,809,117		951,020,966		557,554,707		516,959,202		1,268,363,824		1,467,980,168
Ultrashort Bond HLS Fund		194,001,669		240,760,112		118,214,602		76,276,710		312,216,271		317,036,822
U.S. Government Securities HLS Fund		35,453,191		30,807,540		103,377,482		153,390,264		138,830,673		184,197,804
Value HLS Fund		183,477,420		241,659,676		—		—		183,477,420		241,659,676

11. Capital Share Transactions:

The following information is for the year ended December 31, 2019, and the year ended December 31, 2018:

	For the Year Ended December 31, 2019						For the Year Ended December 31, 2018
	Shares			Amount			Shares			Amount
Balanced HLS Fund
Class IA
Shares Sold		370,207		$	11,072,683			377,029		$	11,576,568
Shares Issued for Reinvested Dividends		6,502,840			185,511,739			4,232,006			123,979,008
Shares Redeemed		(8,291,111	)		(248,180,201	)		(9,617,908	)		(296,172,690	)
Net Increase (Decrease)		(1,418,064	)		(51,595,779	)		(5,008,873	)		(160,617,114	)
Class IB
Shares Sold		89,913		$	2,736,736			194,734		$	6,046,489
Shares Issued for Reinvested Dividends		821,698			23,789,456			526,962			15,722,695
Shares Redeemed		(1,116,398	)		(33,903,098	)		(1,312,276	)		(40,893,966	)
Net Increase (Decrease)		(204,787	)		(7,376,906	)		(590,580	)		(19,124,782	)
Total Net Increase (Decrease)		(1,622,851	)	$	(58,972,685	)		(5,599,453	)	$	(179,741,896	)
Capital Appreciation HLS Fund
Class IA
Shares Sold		442,603		$	19,657,868			711,578		$	32,492,124
Shares Issued for Reinvested Dividends		10,575,503			453,254,297			10,121,562			454,718,791
Shares Redeemed		(16,294,013	)		(749,541,968	)		(14,565,754	)		(701,373,697	)
Net Increase (Decrease)		(5,275,907	)		(276,629,803	)		(3,732,614	)		(214,162,782	)
Class IB
Shares Sold		89,487		$	3,963,852			110,197		$	5,115,632
Shares Issued for Reinvested Dividends		1,327,697			55,760,662			1,249,788			55,433,182
Shares Redeemed		(1,925,404	)		(86,699,371	)		(2,349,094	)		(111,859,162	)
Net Increase (Decrease)		(508,220	)		(26,974,857	)		(989,109	)		(51,310,348	)
Class IC
Shares Sold		77,205		$	3,513,879			79,629		$	3,804,757
Shares Issued for Reinvested Dividends		94,517			3,992,375			74,019			3,306,482
Shares Redeemed		(100,769	)		(4,537,643	)		(81,252	)		(3,859,522	)
Net Increase (Decrease)		70,953			2,968,611			72,396			3,251,717
Total Net Increase (Decrease)		(5,713,174	)	$	(300,636,049	)		(4,649,327	)	$	(262,221,413	)

198

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

	For the Year Ended December 31, 2019						For the Year Ended December 31, 2018
	Shares			Amount			Shares			Amount
Disciplined Equity HLS Fund
Class IA
Shares Sold		611,641		$	8,940,276			418,081		$	6,351,289
Shares Issued for Reinvested Dividends		4,665,126			66,982,886			3,963,155			59,926,121
Shares Redeemed		(6,262,868	)		(96,972,372	)		(7,184,640	)		(112,570,690	)
Net Increase (Decrease)		(986,101	)		(21,049,210	)		(2,803,404	)		(46,293,280	)
Class IB
Shares Sold		197,355		$	2,940,251			125,940		$	1,915,988
Shares Issued for Reinvested Dividends		648,866			9,168,659			541,890			8,120,313
Shares Redeemed		(849,660	)		(12,966,500	)		(1,097,934	)		(16,926,882	)
Net Increase (Decrease)		(3,439	)		(857,590	)		(430,104	)		(6,890,581	)
Total Net Increase (Decrease)		(989,540	)	$	(21,906,800	)		(3,233,508	)	$	(53,183,861	)
Dividend and Growth HLS Fund
Class IA
Shares Sold		2,171,062		$	47,176,118			2,238,948		$	51,960,388
Shares Issued for Reinvested Dividends		18,976,398			380,717,264			16,643,249			367,065,830
Shares Redeemed		(19,882,805	)		(436,905,756	)		(20,816,118	)		(488,971,318	)
Net Increase (Decrease)		1,264,655			(9,012,374	)		(1,933,921	)		(69,945,100	)
Class IB
Shares Sold		268,745		$	5,804,583			410,222		$	9,509,461
Shares Issued for Reinvested Dividends		2,566,659			51,049,426			2,277,912			50,078,265
Shares Redeemed		(2,930,032	)		(63,812,310	)		(3,148,825	)		(72,751,751	)
Net Increase (Decrease)		(94,628	)		(6,958,301	)		(460,691	)		(13,164,025	)
Total Net Increase (Decrease)		1,170,027		$	(15,970,675	)		(2,394,612	)	$	(83,109,125	)
Global Growth HLS Fund
Class IA
Shares Sold		443,578		$	12,123,928			1,078,775		$	31,212,233
Shares Issued for Reinvested Dividends		2,366,444			59,823,693			1,375,789			38,893,548
Shares Redeemed		(2,394,067	)		(66,820,575	)		(2,645,726	)		(75,484,691	)
Net Increase (Decrease)		415,955			5,127,046			(191,162	)		(5,378,910	)
Class IB
Shares Sold		88,756		$	2,360,349			195,826		$	5,672,825
Shares Issued for Reinvested Dividends		443,479			11,091,398			261,598			7,324,732
Shares Redeemed		(523,698	)		(14,446,839	)		(574,093	)		(16,275,227	)
Net Increase (Decrease)		8,537			(995,092	)		(116,669	)		(3,277,670	)
Total Net Increase (Decrease)		424,492		$	4,131,954			(307,831	)	$	(8,656,580	)
Growth Opportunities HLS Fund
Class IA
Shares Sold		1,132,331		$	41,806,606			880,238		$	34,499,287
Shares Issued for Reinvested Dividends		8,011,645			268,390,103			4,558,515			183,161,141
Shares Redeemed		(5,110,758	)		(197,194,177	)		(4,784,503	)		(194,145,164	)
Net Increase (Decrease)		4,033,218			113,002,532			654,250			23,515,264
Class IB
Shares Sold		166,719		$	6,052,405			247,857		$	9,559,584
Shares Issued for Reinvested Dividends		1,003,960			31,584,595			558,990			21,414,890
Shares Redeemed		(702,525	)		(25,289,417	)		(728,619	)		(28,067,244	)
Net Increase (Decrease)		468,154			12,347,583			78,228			2,907,230
Class IC
Shares Sold		229,371		$	8,616,930			153,006		$	6,010,543
Shares Issued for Reinvested Dividends		305,758			9,866,813			133,407			5,228,239
Shares Redeemed		(97,866	)		(3,563,627	)		(84,803	)		(3,367,405	)
Net Increase (Decrease)		437,263			14,920,116			201,610			7,871,377
Total Net Increase (Decrease)		4,938,635		$	140,270,231			934,088		$	34,293,871

199

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

	For the Year Ended December 31, 2019						For the Year Ended December 31, 2018
	Shares			Amount			Shares			Amount
Healthcare HLS Fund
Class IA
Shares Sold		781,044		$	17,515,748			1,245,774		$	29,306,376
Shares Issued for Reinvested Dividends		1,181,032			23,301,756			745,725			17,636,397
Shares Redeemed		(6,003,232	)		(139,008,140	)		(2,811,944	)		(65,218,731	)
Net Increase (Decrease)		(4,041,156	)		(98,190,636	)		(820,445	)		(18,275,958	)
Class IB
Shares Sold		52,502		$	1,098,605			88,489		$	1,970,210
Shares Issued for Reinvested Dividends		301,351			5,559,926			121,767			2,726,361
Shares Redeemed		(336,728	)		(7,069,613	)		(427,867	)		(9,515,201	)
Net Increase (Decrease)		17,125			(411,082	)		(217,611	)		(4,818,630	)
Total Net Increase (Decrease)		(4,024,031	)	$	(98,601,718	)		(1,038,056	)	$	(23,094,588	)
High Yield HLS Fund
Class IA
Shares Sold		944,313		$	7,498,944			1,286,518		$	10,403,608
Shares Issued for Reinvested Dividends		1,546,258			11,998,965			1,614,321			12,607,847
Shares Redeemed		(4,128,219	)		(32,826,806	)		(5,381,959	)		(43,050,250	)
Net Increase (Decrease)		(1,637,648	)		(13,328,897	)		(2,481,120	)		(20,038,795	)
Class IB
Shares Sold		385,698		$	3,002,302			383,944		$	3,004,028
Shares Issued for Reinvested Dividends		469,995			3,581,365			491,610			3,775,566
Shares Redeemed		(1,433,811	)		(11,199,904	)		(1,712,158	)		(13,431,228	)
Net Increase (Decrease)		(578,118	)		(4,616,237	)		(836,604	)		(6,651,634	)
Total Net Increase (Decrease)		(2,215,766	)	$	(17,945,134	)		(3,317,724	)	$	(26,690,429	)
International Opportunities HLS Fund
Class IA
Shares Sold		3,670,173		$	57,219,180			7,906,986		$	133,045,266
Shares Issued for Reinvested Dividends		3,993,125			59,417,697			1,511,466			24,591,559
Shares Redeemed		(13,599,042	)		(213,803,290	)		(18,708,966	)		(314,533,972	)
Net Increase (Decrease)		(5,935,744	)		(97,166,413	)		(9,290,514	)		(156,897,147	)
Class IB
Shares Sold		470,421		$	7,388,314			682,479		$	11,438,242
Shares Issued for Reinvested Dividends		462,454			6,983,056			145,186			2,394,120
Shares Redeemed		(1,421,238	)		(22,687,414	)		(1,453,082	)		(24,718,563	)
Net Increase (Decrease)		(488,363	)		(8,316,044	)		(625,417	)		(10,886,201	)
Total Net Increase (Decrease)		(6,424,107	)	$	(105,482,457	)		(9,915,931	)	$	(167,783,348	)
MidCap HLS Fund
Class IA
Shares Sold		3,379,056		$	132,078,823			6,486,190		$	264,741,334
Shares Issued for Reinvested Dividends		8,523,595			301,703,983			5,086,106			206,009,765
Shares Redeemed		(10,684,124	)		(416,937,937	)		(12,978,019	)		(515,877,276	)
Net Increase (Decrease)		1,218,527			16,844,869			(1,405,723	)		(45,126,177	)
Class IB
Shares Sold		119,757		$	4,628,774			85,061		$	3,436,405
Shares Issued for Reinvested Dividends		238,418			8,149,131			138,789			5,470,747
Shares Redeemed		(272,338	)		(10,355,932	)		(319,892	)		(12,588,252	)
Net Increase (Decrease)		85,837			2,421,973			(96,042	)		(3,681,100	)
Total Net Increase (Decrease)		1,304,364		$	19,266,842			(1,501,765	)	$	(48,807,277	)
MidCap Growth HLS Fund
Class IA
Shares Sold		1,431,378		$	11,584,365			443,078		$	3,855,962
Shares Issued for Reinvested Dividends		1,990,837			14,592,833			907,298			7,929,782
Shares Redeemed		(1,823,366	)		(14,961,942	)		(1,874,449	)		(16,135,241	)
Net Increase (Decrease)		1,598,849			11,215,256			(524,073	)		(4,349,497	)

200

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

	For the Year Ended December 31, 2019						For the Year Ended December 31, 2018
	Shares			Amount			Shares			Amount
MidCap Growth HLS Fund – (continued)
Class IB
Shares Sold		377,732		$	3,143,043			103,365		$	916,628
Shares Issued for Reinvested Dividends		352,058			2,562,984			158,237			1,375,082
Shares Redeemed		(425,212	)		(3,484,333	)		(362,990	)		(3,129,051	)
Net Increase (Decrease)		304,578			2,221,694			(101,388	)		(837,341	)
Total Net Increase (Decrease)		1,903,427		$	13,436,950			(625,461	)	$	(5,186,838	)
MidCap Value HLS Fund
Class IA
Shares Sold		339,708		$	3,765,204			363,704		$	4,488,869
Shares Issued for Reinvested Dividends		3,248,969			32,005,532			1,760,255			20,921,640
Shares Redeemed		(3,287,018	)		(36,580,549	)		(3,101,516	)		(37,927,053	)
Net Increase (Decrease)		301,659			(809,813	)		(977,557	)		(12,516,544	)
Class IB
Shares Sold		166,668		$	1,788,522			55,809		$	678,984
Shares Issued for Reinvested Dividends		969,744			9,453,950			497,931			5,918,091
Shares Redeemed		(1,129,325	)		(12,403,628	)		(961,412	)		(11,563,113	)
Net Increase (Decrease)		7,087			(1,161,156	)		(407,672	)		(4,966,038	)
Total Net Increase (Decrease)		308,746		$	(1,970,969	)		(1,385,229	)	$	(17,482,582	)
Small Cap Growth HLS Fund
Class IA
Shares Sold		4,705,468		$	138,725,195			4,222,713		$	140,276,410
Shares Issued for Reinvested Dividends		5,121,450			130,596,983			1,485,036			51,501,062
Shares Redeemed		(7,759,736	)		(238,252,546	)		(5,574,766	)		(183,058,917	)
Net Increase (Decrease)		2,067,182			31,069,632			132,983			8,718,555
Class IB
Shares Sold		1,357,735		$	39,797,023			1,901,268		$	59,933,616
Shares Issued for Reinvested Dividends		2,576,170			63,116,174			690,752			23,243,803
Shares Redeemed		(2,618,822	)		(78,112,025	)		(2,517,531	)		(81,490,053	)
Net Increase (Decrease)		1,315,083			24,801,172			74,489			1,687,366
Total Net Increase (Decrease)		3,382,265		$	55,870,804			207,472		$	10,405,921
Small Company HLS Fund
Class IA
Shares Sold		2,903,171		$	59,916,505			2,279,458		$	49,529,365
Shares Issued for Reinvested Dividends		5,501,448			100,841,539			1,609,205			37,253,096
Shares Redeemed		(6,154,407	)		(128,043,271	)		(5,131,207	)		(111,785,237	)
Net Increase (Decrease)		2,250,212			32,714,773			(1,242,544	)		(25,002,776	)
Class IB
Shares Sold		193,635		$	3,651,196			282,487		$	5,752,063
Shares Issued for Reinvested Dividends		608,025			10,050,660			188,065			4,017,068
Shares Redeemed		(736,416	)		(14,145,202	)		(747,252	)		(14,895,365	)
Net Increase (Decrease)		65,244			(443,346	)		(276,700	)		(5,126,234	)
Total Net Increase (Decrease)		2,315,456		$	32,271,427			(1,519,244	)	$	(30,129,010	)
Stock HLS Fund
Class IA
Shares Sold		88,143		$	8,024,102			72,515		$	5,954,634
Shares Issued for Reinvested Dividends		1,498,758			133,049,130			265,343			20,294,819
Shares Redeemed		(2,116,151	)		(190,491,309	)		(2,271,073	)		(186,699,226	)
Net Increase (Decrease)		(529,250	)		(49,418,077	)		(1,933,215	)		(160,449,773	)
Class IB
Shares Sold		24,363		$	2,198,146			25,748		$	2,171,547
Shares Issued for Reinvested Dividends		143,656			12,720,819			22,018			1,685,834
Shares Redeemed		(259,517	)		(23,318,016	)		(311,649	)		(25,637,685	)
Net Increase (Decrease)		(91,498	)		(8,399,051	)		(263,883	)		(21,780,304	)
Total Net Increase (Decrease)		(620,748	)	$	(57,817,128	)		(2,197,098	)	$	(182,230,077	)

201

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

	For the Year Ended December 31, 2019						For the Year Ended December 31, 2018
	Shares			Amount			Shares			Amount
Total Return Bond HLS Fund
Class IA
Shares Sold		10,292,709		$	115,993,996			8,943,428		$	98,737,562
Shares Issued for Reinvested Dividends		6,510,117			74,150,238			7,874,151			84,804,607
Shares Redeemed		(27,038,343	)		(303,528,466	)		(33,490,964	)		(367,229,305	)
Net Increase (Decrease)		(10,235,517	)		(113,384,232	)		(16,673,385	)		(183,687,136	)
Class IB
Shares Sold		1,022,576		$	11,476,151			737,317		$	8,103,146
Shares Issued for Reinvested Dividends		705,771			8,003,440			856,478			9,181,448
Shares Redeemed		(2,997,668	)		(33,501,141	)		(3,590,545	)		(39,142,701	)
Net Increase (Decrease)		(1,269,321	)		(14,021,550	)		(1,996,750	)		(21,858,107	)
Total Net Increase (Decrease)		(11,504,838	)	$	(127,405,782	)		(18,670,135	)	$	(205,545,243	)
Ultrashort Bond HLS Fund
Class IA
Shares Sold		6,425,360		$	65,532,098			5,794,419		$	58,434,281
Shares Issued for Reinvested Dividends		785,430			7,948,551			499,842			5,018,414
Shares Redeemed		(11,863,152	)		(120,750,652	)		(8,804,753	)		(88,776,912	)
Net Increase (Decrease)		(4,652,362	)		(47,270,003	)		(2,510,492	)		(25,324,217	)
Class IB
Shares Sold		867,804		$	8,845,950			1,496,586		$	15,071,051
Shares Issued for Reinvested Dividends		95,306			964,500			53,416			536,294
Shares Redeemed		(1,777,491	)		(18,100,079	)		(1,634,853	)		(16,463,268	)
Net Increase (Decrease)		(814,381	)		(8,289,629	)		(84,851	)		(855,923	)
Total Net Increase (Decrease)		(5,466,743	)	$	(55,559,632	)		(2,595,343	)	$	(26,180,140	)
U.S. Government Securities HLS Fund
Class IA
Shares Sold		1,925,074		$	19,785,036			1,738,359		$	17,500,321
Shares Issued for Reinvested Dividends		670,097			6,935,500			716,309			7,134,442
Shares Redeemed		(5,296,273	)		(54,286,696	)		(6,266,754	)		(63,056,532	)
Net Increase (Decrease)		(2,701,102	)		(27,566,160	)		(3,812,086	)		(38,421,769	)
Class IB
Shares Sold		382,786		$	3,933,931			390,678		$	3,920,475
Shares Issued for Reinvested Dividends		125,825			1,302,291			133,828			1,332,927
Shares Redeemed		(1,030,826	)		(10,553,863	)		(1,494,961	)		(14,988,690	)
Net Increase (Decrease)		(522,215	)		(5,317,641	)		(970,455	)		(9,735,288	)
Total Net Increase (Decrease)		(3,223,317	)	$	(32,883,801	)		(4,782,541	)	$	(48,157,057	)
Value HLS Fund
Class IA
Shares Sold		848,038		$	12,206,211			769,369		$	11,763,745
Shares Issued for Reinvested Dividends		3,430,401			44,489,654			3,182,011			45,728,961
Shares Redeemed		(5,244,949	)		(74,374,262	)		(4,476,365	)		(69,613,039	)
Net Increase (Decrease)		(966,510	)		(17,678,397	)		(524,985	)		(12,120,333	)
Class IB
Shares Sold		64,173		$	896,863			81,995		$	1,246,473
Shares Issued for Reinvested Dividends		549,355			7,088,517			515,685			7,417,890
Shares Redeemed		(844,858	)		(12,020,832	)		(771,648	)		(11,962,532	)
Net Increase (Decrease)		(231,330	)		(4,035,452	)		(173,968	)		(3,298,169	)
Total Net Increase (Decrease)		(1,197,840	)	$	(21,713,849	)		(698,953	)	$	(15,418,502	)

12. 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 $370 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 and as of the year ended December 31, 2019, none of the Funds had borrowings under this facility.

202

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2019

13. 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.

14. Recent Accounting Pronouncement:

The FASB issued ASU 2017-08 (the “ASU” or “Update”) to amend the amortization period to the earliest call date for purchased callable debt securities held at a premium. The ASU is effective for public entities for fiscal years beginning after December 15, 2018, and will become effective for private entities one year later. Upon initial adoption, the impacted funds adjusted the cost of their callable debt securities by the cumulative amount of amortization that would have been recognized had the amortization period initially extended only to the earliest call date, with a corresponding reclassification between interest income and net realized gain (loss) on investments or net unrealized appreciation (depreciation) of investments in the Statements of Operations. The adoption of this Update does not affect the impacted funds’ net asset values and the cumulative effect to the impacted funds resulting from the adoption of amending the amortization period to the earliest call date for callable debt securities is as follows:

	As of January 1, 2019			For the Year Ended December 31, 2019
Fund	Cost of Investments			Interest Income			Net Unrealized Appreciation (Depreciation) of Investments			Net Realized Gain (Loss) on Investments
Balanced HLS Fund	$	318		$	(1	)	$	1		$	—
High Yield HLS Fund		121,132			48,710			31,116			(79,826	)
Total Return Bond HLS Fund		(102,075	)		(84,529	)		(110,540	)		195,069

In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). The update introduces new fair value disclosure requirements, eliminates some prior fair value disclosure requirements, and modifies certain existing fair value disclosure requirements.

ASU 2018-13 is effective for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years, however, an entity is permitted to early adopt either the entire standard or only the provisions that eliminate or modify requirements. Management has elected to early adopt the provisions of ASU 2018-13 that eliminate disclosure requirements effective with the current reporting period. The impact of each Fund’s early adoption of these provisions was limited to changes in the Fund’s financial statement disclosures regarding fair value, primarily those disclosures related to transfers between Level 1 and Level 2 of the fair value hierarchy and the timing of transfers between levels of the fair value hierarchy. Management is currently evaluating the potential impact of adopting the additional provisions of ASU 2018-13.

15. Subsequent Events:

In connection with the preparation of the financial statements of the Funds as of and for the year ended December 31, 2019, events and transactions subsequent to December 31, 2019, through the date the financial statements were issued have been evaluated by the Funds’ management for possible adjustment and/or disclosure. The following subsequent events requiring financial statement disclosure have been identified.

HFMC agreed to extend the current contractual management fee waiver of 0.03% for the Balanced HLS Fund. This waiver will remain in effect until April 30, 2021 unless the Board of Directors approves its earlier termination.

Effective January 1, 2020, HFMC agreed to waive 0.03% of the High Yield HLS Fund’s contractual management fee. This waiver will remain in effect until December 31, 2020 unless the Board of Directors approves its earlier termination.

Effective January 1, 2020, the management fee of HFMC set forth in the investment management agreement with respect to the Disciplined Equity HLS Fund is as follows: 0.7500% of the first $250 million, 0.6500% of the next $250 million, 0.6000% of the next $500 million, 0.5800% of the next $4 billion, 0.5700% of the next $5 billion, and 0.5600% in excess of $10 billion annually of the Fund’s average daily net assets.

203

Report of Independent Registered Public Accounting Firm

To the Shareholders and the 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 MidCap Growth HLS Fund (formerly, 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, 2019, 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, 2019, 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, 2019, 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 25, 2020

204

Hartford HLS Funds

Directors and Officers of Each Company

Each of Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. (each a, “Company”) is governed by a Board of Directors (the “Directors”). The following tables present certain information regarding the Directors and officers of each Company as of December 31, 2019. 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 EACH COMPANY	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. from October 2012 through April 2018. Upon the merger of Dynegy, Inc. with Vistra Energy Corporation, Ms. Ackermann became a member of the Board of Directors of Vistra Energy Corporation effective May 2018. Ms. Ackerman also serves as a Director of Credit Suisse Holdings (USA), Inc. since January 2017.	81	Ms. Ackermann has served as a Director of as Dynegy, Inc. from October 2012 through April 2018. Upon the merger of Dynegy, Inc. with Vistra Energy Corporation, Ms. Ackermann became a member of the Board of Directors of Vistra Energy Corporation effective May 2018. Ms. Ackermann serves 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 to ArrowMark Partners (an alternative asset manager) since March of 2015 and since November 2018 has been employed by ArrowMark Partners as a Senior Advisor. 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.	81	Ms. Beery serves as a Director of UMB Financial Corporation (January 2015 to present).
LYNN S. BIRDSONG (1946)	Director and Chair of the Board	Director since 2003; Chair of the Board since August 2019	Mr. Birdsong currently serves as a Director of Aberdeen Global and Aberdeen Global II (investment funds) (since September 2014), Aberdeen Islamic SICAV and Aberdeen Liquidity Fund (investment funds) (since 2016), and Aberdeen Alpha Fund (since December 2017). 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.	81	None
CHRISTINE R. DETRICK (1958)	Director	Since 2016	Ms. Detrick has served as a Director of Reinsurance Group of America since January 2014. Previously, she was a director of Forest City Realty Trust (a real estate company) from November 2014 to March 2018, 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.	81	Ms. Detrick serves as a Director of Reinsurance Group of America (January 2014 to present).

205

Hartford HLS Funds

Directors and Officers of Each Company – (continued)

NAME, YEAR OF BIRTH AND ADDRESS(1)	POSITION HELD WITH EACH COMPANY	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
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.	81	None
LEMMA W. SENBET (1946)	Director	Since 2005	Dr. Senbet currently serves as the William E. Mayer Chair Professor of Finance, and previously was the Founding Director, Center for Financial Policy, in the Robert H. Smith School of Business at the University of Maryland. He was chair of the Finance Department Robert H. Smith School of Business at the University of Maryland from 1998 to 2006. In June 2013, he began a sabbatical from the University to serve as Executive Director of the African Economic Research Consortium which focuses on economic policy research and training, which he completed in 2018. 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.	81	None
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 an Independent Director of six private investment funds, and two closed-end registered investment companies, sponsored by Ironwood Capital Management. Previously, he was a Partner at Ernst & Young LLP from October 1995 to July 2014.	81	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 DIRECTOR
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, President, and Senior Managing Director for Hartford Funds Management Group, Inc. (“HFMG”). Mr. Davey also serves as Manager, Chairman of the Board, and President of Lattice Strategies LLC (since July 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.	81	None

206

Hartford HLS Funds

Directors and Officers of Each Company – (continued)

NAME, YEAR OF BIRTH AND ADDRESS(1)	POSITION HELD WITH EACH COMPANY	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 serves as Chief Compliance Officer and AML Compliance Officer of HASCO (since April 2015) and Vice President of HASCO (since April 2018). Mr. Decker serves as AML Officer of HFD (since May 2015). Mr. Decker also serves as Vice President of HFMG (since April 2018). 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
AMY N. FURLONG (1979)	Vice President and Treasurer	Since 2018	Ms. Furlong serves as Vice President and Assistant Treasurer of HFMC (since September 2019). Ms. Furlong has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Furlong joined The Hartford in 2004. Prior to joining The Hartford, Ms. Furlong worked at KPMG LLP in audit services.	N/A	N/A
WALTER F. GARGER (1965)	Vice President and Chief Legal Officer	Since 2016	Mr. Garger serves as Secretary, Managing Director and General Counsel of HFD, HASCO, HFMC and HFMG (since 2013). Mr. Garger also serves as Secretary and General Counsel of Lattice Strategies LLC (since July 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 of HFMG (since July 2016). Mr. Lee also serves as Senior Vice President of Lattice Strategies LLC (since June 2017). Previously, Mr. Lee served as Managing Director and Chief Operating Officer, Lattice Strategies LLC (2009–2016); Chief Operating Officer at Avicenna Capital Management (2007–2009); and Chief Financial Officer at 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 July 2016) and as Executive Vice President of Lattice Strategies LLC (since June 2017). Previously, Mr. Lucas served as Managing Partner of Lattice Strategies LLC (2003 to 2016).	N/A	N/A
JOSEPH G. MELCHER (1973)	Vice President and Chief Compliance Officer	Since 2013	Mr. Melcher serves as Executive Vice President of HFD (since December 2013) and has served as President (from April 2018 to June 2019) and Chief Executive Officer (from April 2018 to June 2019) of HFD. He also serves as Executive Vice President of HFMG and HASCO (since December 2013). Mr. Melcher also serves as Executive Vice President (since December 2013) and Chief Compliance Officer (since December 2012) of HFMC. Mr. Melcher also serves as Executive Vice President and Chief Compliance Officer of Lattice Strategies, LLC (since July 2016). 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

207

Hartford HLS Funds

Directors and Officers of Each Company – (continued)

NAME, YEAR OF BIRTH AND ADDRESS(1)	POSITION HELD WITH EACH COMPANY	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
VERNON J. MEYER (1964)	Vice President	Since 2006	Mr. Meyer serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG (since 2013). 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 and Assistant Secretary	Since 2016	Ms. Pellegrino serves as Vice President of HFMG (since December 2013). Ms. Pellegrino also serves as Vice President and Assistant Secretary of Lattice Strategies LLC (since June 2017). 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
THOMAS R. PHILLIPS (1960)	Vice President and Secretary	Since 2017	Mr. Phillips currently serves as Vice President (since February 2017) and Assistant Secretary (since June 2017) for HFMG. Mr. Phillips is Deputy General 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

⁽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 operational 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, Hartford Schroders Opportunistic Income Fund and Hartford Funds NextShares Trust.

⁽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.

208

Hartford HLS Funds

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 its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. Each Fund’s Form N-PORT reports are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

209

Hartford HLS Funds

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

Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc.

Hartford Balanced HLS Fund

Hartford Capital Appreciation HLS Fund

Hartford Disciplined Equity HLS Fund

Hartford Dividend and Growth HLS Fund

Hartford Global Growth HLS Fund

Hartford Growth Opportunities HLS Fund

Hartford Healthcare HLS Fund

Hartford High Yield HLS Fund

Hartford International Opportunities HLS Fund

Hartford MidCap Growth HLS Fund

Hartford MidCap HLS Fund

Hartford MidCap Value HLS Fund

Hartford Small Cap Growth HLS Fund

Hartford Small Company 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 6-7, 2019, 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 each of HLS and 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) the continuation of 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”), with respect to each Fund.

In the months preceding the August 6-7, 2019 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 continuation of the Agreements that was presented at the Board’s meetings held on June 18, 2019 and August 6-7, 2019. 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 18, 2019 and August 6-7, 2019 concerning the Agreements.

The Independent Directors, advised by independent legal counsel throughout the evaluation process, 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 each Fund’s management fees, other non-management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability methodologies utilized by HFMC in connection with the continuation of the Management Agreement.

In determining whether to continue the Agreements for a Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate through the exercise of their reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to continue the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. 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 throughout the evaluation process. A more detailed summary of the important, but not necessarily all, factors the Board considered with respect to its approval of the continuation of the Agreements is provided below.

210

Hartford HLS Funds

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

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 funds managed by HFMC and its affiliates (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 any compliance or other issues raised by regulators. The Board also noted the Advisers’ support of the Funds’ compliance control structure, as applicable, and, in particular, the resources devoted by the Advisers in support of the Funds’ obligations pursuant to Rule 38a-1 under the 1940 Act and the Funds’ liquidity risk management program, 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. In this regard, the Board evaluated information about the nature and extent of responsibilities retained and risks assumed by HFMC that were not delegated to, or assumed by, 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 initiating changes to the portfolio management and/or investment 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 considered HFMC’s oversight of the Funds’ securities lending program and noted the income earned by the Funds in connection with their participation in the program. The Board also considered HFMC’s day-to-day oversight of each Fund’s compliance with its investment 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.

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 Sub-adviser’s 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 quality and 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). The Board also considered the Sub-adviser’s succession planning to ensure continuity of portfolio management services provided to the Funds.

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 Hartford Funds with a broad range of investment styles and asset classes.

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to each Fund by HFMC and the Sub-adviser.

Performance of each Fund and the Advisers

The Board considered the investment performance of each Fund. In this regard, the Board reviewed the performance of each Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from 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 continuation of the Agreements. These reports included, 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

211

Hartford HLS Funds

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

concerning the Fund’s portfolio, a narrative summary of various factors affecting Fund performance and commentary of the effect of current and recent market conditions. The Board also noted that, for each of the Hartford Capital Appreciation HLS Fund and the Hartford Global Growth HLS Fund, the Fund utilizes a multiple portfolio manager structure and considered the performance attributions of the underlying managers. The Board considered the Advisers’ work 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 continuation 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 are 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, including a description of the methodology used to allocate certain expenses. The Board noted 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 realized by the Advisers and their affiliates from their relationships with the Funds were not excessive.

Comparison of Fees and Services Provided by the Advisers

The Board considered the comparative information that had been provided at meetings on June 18, 2019 and August 6-7, 2019 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 the amount of the management fee retained by HFMC, and total operating expenses for each Fund. The Board also reviewed information from Broadridge comparing each Fund’s contractual management fees, actual management fees and total 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, among other differences, 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 considered, were reasonable in light of the services provided.

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 breakpoint at a lower asset level provides shareholders with the benefit of anticipated or potential economies of scale. The Board considered that fee waivers that reduce a Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if the Fund’s assets decline. In addition, the Board considered that initially setting competitive fee rates, pricing the Funds to scale at inception and making additional investments intended to enhance services available to shareholders are other means of sharing anticipated or potential economies of scale with shareholders. The Board also considered that HFMC has been active in managing expenses. The Board noted the effect of the run-off of the variable annuity business on the Funds and also noted that, for Hartford MidCap Growth HLS Fund, the Fund’s current low

212

Hartford HLS Funds

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

asset levels have kept the Fund from fully realizing the benefits of anticipated or potential economies of scale. The Board also noted that the assets under management had declined for certain Funds and considered the potential impact of such declines on the expense ratios for such Funds. The Board noted the completed sale of the annuity run-off business in 2018 and considered how the sale may impact the Funds’ asset levels going forward.

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 management fees and total expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor any future growth in each Fund’s assets and the appropriateness of additional management fee breakpoints or other methods to share benefits from economies of scale.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Funds.

The Board noted that HFMC receives fees for fund accounting and related services from the Funds. The Board considered information on profits to HFMC for such services. The Board also considered that Hartford Administrative Services Company (“HASCO”), the Funds’ transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Funds, and the Board reviewed information about the profitability 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 for providing such services. 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. The Board noted that, as principal underwriter, HFD receives distribution and service fees from the Funds.

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.

Fund-by-Fund Factors

For purposes of the Fund-by-Fund discussion below, Fund performance is referred to as “in line with” a Fund’s benchmark where it was 0.5% above or below the benchmark return, and each Fund’s performance relative to its benchmark reflects the net performance of the Fund’s Class IA shares as of March 31, 2019.

Hartford Balanced HLS Fund

• The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1- 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 custom blended benchmark for the 1-, 3- and 5-year periods.

• 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 its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile. The Board noted that the Fund has a contractual management fee waiver of 0.03% through April 30, 2021.

Hartford Capital Appreciation HLS Fund

• The Board noted that the Fund’s performance was in the 2^nd quintile of its performance universe for the 1- and 3-year periods and the 3rd quintile for the 5-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 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.

Hartford Disciplined Equity HLS Fund

• The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1- and 5-year periods and the 2^nd quintile for the 3-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 5-year periods and below its benchmark for the 3-year period.

213

Hartford HLS Funds

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 5^th quintile. In considering the Fund’s expenses, the Board noted the shareholder savings expected to result from a permanent fee reduction to be implemented on January 1, 2020.

Hartford Dividend and Growth HLS Fund

• The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-, 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 noted upcoming changes to the Fund’s portfolio management team.

• The Board noted that the Fund’s contractual management fee and actual management fee were in the 3^rd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile.

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 and actual management fee were in the 4^th quintile of its expense group and its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile.

Hartford Growth Opportunities HLS Fund

• The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-, 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 upcoming changes to the Fund’s portfolio management team.

• The Board noted that the Fund’s contractual management fee was in the 1^st quintile of its expense group, while its actual management fee and its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile.

Hartford Healthcare HLS Fund

• The Board noted that the Fund’s performance was in the 4^th quintile of its performance universe for the 1-year period, the 3^rd quintile for the 3-year period and the 2^nd quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-and 3-year periods and in line with its benchmark for the 5-year period.

• The Board noted that the Fund’s contractual management fee and actual management fee were in the 2^nd quintile of its expense group and its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile.

Hartford High Yield HLS Fund

• The Board noted that the Fund’s performance was in the 2^nd 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 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 its total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile. In considering the Fund’s expenses, the Board noted the shareholder savings expected to result from a contractual management fee waiver of 0.03% to be implemented on January 1, 2020 through December 31, 2020.

Hartford International Opportunities 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, the 4^th quintile for the 3-year period and the 3^rd quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 3-year periods and above its benchmark for the 5-year period.

• The Board noted that the Fund’s contractual management fee and actual management fee were in the 2^nd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile.

Hartford MidCap Growth HLS Fund

• The Board noted that the Fund’s performance was in the 4^th quintile of its performance universe for the 1-year period and the 5^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 noted that certain changes had recently been made to the Fund’s principal investment strategy and portfolio management team.

214

Hartford HLS Funds

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

• The Board noted that the Fund’s contractual management fee was in the 2^nd quintile of its expense group, while its actual management fee was in the 3^rd quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile.

Hartford MidCap 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, the 3^rd 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 that the Fund’s contractual management fee and its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile, while its actual management fee was in the 1^st 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 5^th quintile for the 5-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 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 2^nd quintile. The Board noted that the Fund has a contractual management fee waiver of 0.04% through April 30, 2020.

Hartford Small Cap Growth 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 above its benchmark for the 1-year period and in line with its benchmark for the 3- and 5-year periods. The Board noted that certain changes had recently been made to the Fund’s principal investment strategy and 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.

Hartford Small Company HLS Fund

• The Board noted that the Fund’s performance was in the 2^nd quintile of its performance universe for the 1- and 3-year periods and the 4^th quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 3-year periods and in line with its benchmark for the 5-year period. The Board noted that certain changes had recently been made to the Fund’s principal investment strategy and 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.

Hartford Stock HLS Fund

• The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-year period, the 3^rd quintile for the 3-year period and the 2^nd quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period, below its benchmark for the 3-year period and in line with 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 Total Return Bond 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 in line with its benchmark for the 1- and 5-year periods and above its benchmark for the 3-year period.

• The Board noted that the Fund’s contractual management fee and its actual management fee were in the 2nd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile.

Hartford Ultrashort Bond HLS Fund

• The Board noted that the Fund’s performance was in the 4^th quintile of its performance universe for the 1- and 5-year periods and the 3^rd quintile for the 3-year period. The Board also noted that the Fund’s performance was in line with its benchmark for the 1-, 3- and 5-year periods.

215

Hartford HLS Funds

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

• The Board noted that the Fund’s contractual management fee and actual management fee were in the 2^nd quintile of its expense group and 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 4^th quintile of its performance universe for the 1-year period and the 3^rd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period and in line with its benchmark for the 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 was in the 1st quintile of its expense group, while its actual management fee was in the 2^nd quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile.

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 3-year periods and 2^nd quintile for the 5-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 noted that the Fund’s contractual management fee and actual management fee were in the 3^rd quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of each Fund and its shareholders for the Board to approve the continuation of 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.

216

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

CUSTOMER PRIVACY NOTICE

The Hartford Financial Services Group, Inc. and its 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 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; and

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.

If you have any questions or comments about this privacy notice, please feel free to contact us at The Hartford – Law Department, Privacy Law, One Hartford Plaza, Hartford, CT 06155, or at CorporatePrivacyOffice@thehartford.com.

This Customer Privacy Notice is being provided on behalf of The Hartford Financial Services Group, Inc. and its affiliates (including the following as of March 2019), to the extent required by the Gramm-Leach-Bliley Act and implementing regulations.

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; Business Management Group, Inc.; Cervus Claim Solutions, LLC; First State Insurance Company; 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 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 Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Insurance, Ltd.; Hartford Integrated Technologies, Inc.; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life, Ltd.; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Management, Ltd.; Hartford of Texas General Agency, Inc.; Hartford Residual Market, L.C.C.; Hartford Specialty Insurance Services of Texas, LLC; Hartford STAG Ventures LLC; Hartford Strategic Investments, LLC; Hartford Underwriters General Agency, Inc.; Hartford Underwriters Insurance Company; Heritage Holdings, Inc.; Heritage Reinsurance Company, Ltd.; HIMCO Distribution Services Company; HLA LLC; HL Investment Advisors, LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; 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; New Ocean Insurance Co., Ltd.; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Property and Casualty Insurance Company of Hartford; Renato Acquisition Co.; Sentinel Insurance Company, Ltd; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; Y-Risk, LLC.

Revised March 2019

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.

HLSAR19    02-20    214801    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 David Sung as an Audit Committee Financial Expert. Mr. Sung 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:

$352,500 for the fiscal year ended December 31, 2018; $352,500 for the fiscal year ended December 31, 2019.    

(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, 2018; $0 for the fiscal year ended December 31, 2019.

(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:

$75,258 for the fiscal year ended December 31, 2018; $79,325 for the fiscal year ended December 31, 2019. Tax-related services are principally in connection with, but not limited to, general tax services, excise tax and Passive Foreign Investment Company (PFIC) analysis.

2

(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, 2018; $0 for the fiscal year ended December 31, 2019.

(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) Not applicable.

(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

3

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:

Non-Audit Fees: $115,258 for the fiscal year ended December 31, 2018; $79,325 for the fiscal year ended December 31, 2019.

(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)).

4

(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 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) Response to Item 13(a)(4) is filed herewith.

(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.

5

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 6, 2020	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 6, 2020	By:	/s/ James E. Davey
		James E. Davey
		President and Chief Executive Officer

Date: March 6, 2020	By:	/s/ Amy N. Furlong
		Amy N. Furlong
		Treasurer
		(Principal Financial Officer and Principal Accounting Officer)

6