HARTFORD HLS SERIES FUND II INC

N-CSR 1 d658585dncsr.htm HARTFORD HLS SERIES FUND II INC HARTFORD HLS SERIES FUND II INC

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

Investment Company Act file number: 811-04615

HARTFORD HLS SERIES FUND II, 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, 2018

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

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

Item 1. Reports to Stockholders.

LOGO

A MESSAGE FROM THE PRESIDENT

Dear Shareholders:

Thank you for investing in Hartford HLS Funds. The following is the Funds’ Annual Report covering the period from January 1, 2018 through December 31, 2018.

Market Review

The market was volatile in 2018, particularly at the end of the year. For the first time since 2008, the S&P 500 Index¹ closed the year with a negative return, -4.38%.

Rising interest rates, inflation anxiety, slowing global growth, and concerns surrounding U.S. tariffs and foreign policy have all contributed to increased volatility.

Throughout 2018, the U.S. Federal Reserve (Fed) continued its cycle of interest-rate increases. At the end of December 2018, short-term rates had risen to 2.5%. At the time of this writing, expectations were for two additional raises in 2019. Central banks overseas also began to unwind their accommodative policies by raising interest rates.

Domestic and foreign politics are likely to play a key role in market movements in 2019. For example, potential gridlock due to divided government and ongoing trade tensions with China could impact U.S. markets significantly. Abroad, uncertainties surrounding the future of the “Brexit” undertaking for the United Kingdom to leave the European Union may impact global markets.

Despite increased volatility, unemployment is low in the U.S. and the U.S. economy is supported by a strong job market, higher wages, and healthy consumer confidence.

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

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

LOGO

James Davey

President

Hartford HLS Funds

¹	S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks. The index is unmanaged and not available for direct investment. Past performance is not indicative of future results.

Hartford HLS Funds

Table of Contents



Fund Overview (Unaudited)			2

Expense Examples (Unaudited)			59

Financial Statements:

Schedules of Investments:

Hartford Balanced HLS Fund			61

Hartford Capital Appreciation HLS Fund			71

Hartford Disciplined Equity HLS Fund			77

Hartford Dividend and Growth HLS Fund			79

Hartford Global Growth HLS Fund			81

Hartford Growth Opportunities HLS Fund			84

Hartford Healthcare HLS Fund			88

Hartford High Yield HLS Fund			90

Hartford International Opportunities HLS Fund			96

Hartford MidCap HLS Fund			99

Hartford MidCap Growth HLS Fund (formerly, Hartford Small/Mid Cap Equity HLS Fund)			102

Hartford MidCap Value HLS Fund			104

Hartford Small Cap Growth HLS Fund			106

Hartford Small Company HLS Fund			109

Hartford Stock HLS Fund			112

Hartford Total Return Bond HLS Fund			114

Hartford Ultrashort Bond HLS Fund			136

Hartford U.S. Government Securities HLS Fund			142

Hartford Value HLS Fund			147

Statements of Assets and Liabilities			149

Statements of Operations			152

Statements of Changes in Net Assets			155

Financial Highlights			162

Notes to Financial Statements			170

Report of Independent Registered Public Accounting Firm			201

Directors and Officers (Unaudited)			202

How to Obtain a Copy of each Fund’s Proxy Voting Policies and Voting Records (Unaudited)			206

Quarterly Portfolio Holdings Information (Unaudited)			206

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)			207

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.

Hartford Balanced HLS Fund

Fund Overview

December 31, 2018 (Unaudited)

Inception 3/31/1983

Sub-advised by Wellington Management Company LLP

Investment objective – The Fund seeks long-term total return.

LOGO

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

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-5.24%		5.02%		9.94%
Class IB		-5.50%		4.75%		9.67%
60% S&P 500 Index/ 35% Bloomberg Barclays Government/Credit Bond Index/ 5% ICE BofAML US 3-Month Treasury Bill Index		-2.41%		6.14%		9.25%
S&P 500 Index		-4.38%		8.49%		13.12%
Bloomberg Barclays Government/Credit Bond Index		-0.42%		2.53%		3.46%
ICE BofAML US 3-Month Treasury Bill Index		1.88%		0.63%		0.37%

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

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on December 31, 2018, 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.

60% S&P 500 Index/ 35% Bloomberg Barclays Government/Credit Bond Index/ 5% ICE BofAML US 3-Month Treasury Bill Index is calculated by Hartford Funds Management Company, LLC.

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

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

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.

You cannot invest directly in an index.

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 prospectus dated May 1, 2018, the total annual fund operating expense ratios for Class IA and Class IB were 0.66% and 0.91%, respectively. The Fund filed a supplement to its prospectus, dated November 19, 2018, with the U.S. Securities and Exchange Commission that updated the Fund’s total annual fund operating expense table effective January 1, 2019. However, the information in this annual report is as of December 31, 2018 and does not reflect any changes made to the total annual fund operating expense table in the prospectus, as supplemented. The net expense ratios shown in the supplement are as follows: 0.63% (Class IA) and 0.88% (Class IB). The gross expense ratios shown in the supplement are as follows: 0.66% (Class IA) and 0.91% (Class IB). This contractual waiver will remain in effect through April 30, 2020 unless the Board of Directors of the Fund approves its earlier termination. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2018.

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.

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, 2018 (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

How did the Fund perform during the period?

The Class IA shares of Hartford Balanced HLS Fund returned -5.24% for the twelve-month period ended December 31, 2018, underperforming the Fund’s custom benchmark (60% S&P 500 Index, 35% Bloomberg Barclays Government/Credit Bond Index, and 5% ICE BofAML US 3-Month Treasury Bill Index), which returned -2.41% for the same period. The S&P 500, Bloomberg Barclays Government/Credit Bond, and ICE BofAML US 3-Month Treasury Bill Indices returned -4.38%, -0.42% and 1.88%, respectively for the same period. During the same period, the Class IA shares of the Fund outperformed the -6.64% average return of the Lipper Mixed-Asset Target Allocation Growth Funds peer group, a group of funds that hold between 60%-80% in equity securities, with the remainder invested in bonds, cash, and cash equivalents.

Why did the Fund perform this way?

U.S. equities, as measured by the S&P 500 Index, posted negative results over the trailing twelve month period ending December 31, 2018. Bullish sentiment was exceptionally strong to start the year, as better-than-expected corporate profits helped drive U.S. equities higher. Returns in October and December were sharply negative, with the latter representing the largest U.S. equity market monthly decline seen this decade, culminating the first year of negative U.S. equity returns since 2008.

During the twelve-month period, three of the eleven sectors within the S&P 500 Index posted positive returns, led by Healthcare (+6%), Utilities (+4%), and Consumer Discretionary (+1%), while Energy (-18%) and Communication Services (-15%) fell the most.

U.S. fixed income markets largely generated negative total returns during the year, driven by corporate spread widening and higher yields as measured by the Bloomberg Barclays Global Aggregate Index. Geopolitical uncertainty remained elevated despite some seemingly positive developments, including a temporary U.S. and China trade truce, survived confidence vote by U.K. Prime Minister May, and compromised budget plan between Italy and the European Union (EU).

Global monetary policy continued along a less accommodative path during the period. The Federal Reserve (Fed) increased rates four times and projected additional increases, but set expectations that the pace of tightening may slow. The European Central Bank (ECB) concluded its asset purchase program but announced it would continue reinvestments for an extended period after the first rate increase, slated for the second half of 2019.

Early in the period, U.S. yields generally moved higher, driven by continued global growth momentum and rising inflation expectations. However, late in the year, yields declined amid a spike in equity market volatility and increasing concerns about slowing global growth. The prospect of fewer Fed rate increases in 2019 amid a deteriorating global economic outlook contributed to a decline in U.S. yields late in the period but they still finished higher for the year. The yield curve flattened substantially during the year as Fed rate increases propelled front-end rates higher.

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

Equity underperformance versus the S&P 500 Index was driven primarily by security selection. In particular, weak security selection in the Consumer Discretionary, Consumer Staples, and Finance sectors detracted from performance relative to the S&P 500 Index, which was partially offset by stronger selection in the Information Technology and Communication Services sector. Sector allocation, which is a residual of our bottom-up security selection process, contributed positively to relative performance during the period primarily due to the Fund’s overweight to the Healthcare sector and underweight to the Consumer Staples sector, which was slightly offset by an overweight to Energy and Materials sectors.

Stocks that detracted the most from returns relative to the S&P 500 Index and absolute returns in the equity portion of the Fund during the period were Invesco (Financials), British-American Tobacco (Consumer Staples), and Fortune Brands Home (Consumer Discretionary). Shares of the Invesco, a U.S.-based investment management company, fell over 52% as a result of broad market weakness, weak fund flows, and uncertainty about the impact of their recent acquisition of Oppenheimer. We maintained a position in the stock as of the end of the period. British-American Tobacco, a UK-based tobacco company, shares were impacted by concerns about the long-term trajectory of the U.S. cigarette business, due to increased Federal Drug Administration (FDA) regulation and the significant growth of the JUUL e-vapor product. The FDA is seeking to ban menthol in U.S. tobacco products, which would have a meaningful impact on the company’s U.S. business and their important Newport brand. We exited the position during the fourth quarter on concerns about greater FDA regulation and added risk from their


		3

Hartford Balanced HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

balance sheet leverage. Shares of Fortune Brands Home, a U.S.-based manufacturer of home fixtures and hardware, declined due to softer-than-expected demand during the fourth quarter of 2018. In addition, underwhelming new construction end market shipments in the fourth quarter of 2018 and lower starts expectations in 2019 may limit organic growth for the company. We maintain a position in the stock at the end of the period. Invesco (Financials), Citigroup (Financials), and Philip Morris International (Consumer Staples) 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 Eli Lilly (Healthcare), XL Group (Financials), and NextEra Energy (Energy). Eli Lilly, a U.S.-based global pharmaceutical company, returned more than 50% during the period, as the company reported strong third quarter results and released positive data on their diabetes franchise. Shares of XL Group, a global insurance and reinsurance company, rose sharply after the company agreed to be acquired by France-based insurer AXA. We eliminated the Fund’s position during the period. Shares of NextEra Energy, a U.S.-based clean energy company, rose during the period as the company reported strong second quarter earnings. The year-over-year earnings growth was led by solid contribution from both Florida Power & Light Company and NextEra Energy Resources segments. The enhanced growth was primarily due to new investments made at both the segments. Microsoft (Information Technology), Eli Lilly (Healthcare), and XL Group (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. Short duration/yield curve positioning was the primary contributor to relative performance. Investment grade credit positioning contributed positively overall, as positive impacts from an overweight to and security selection within the Industrials, Sovereigns and Taxable Municipals sectors more than offset a negative impact from an overweight to Financials and Utilities sectors. Out-of-benchmark allocation to Treasury Inflation-Protected Securities (TIPS) detracted from performance relative to the Bloomberg Barclays Government/Credit Bond Index, particularly in the last quarter of 2018 as TIPS underperformed duration-equivalent nominal U.S. Treasuries. An out of benchmark allocation to agency Mortgage-Backed Securities (MBS) pass-throughs and Collateralized Loan Obligations (CLOs) detracted modestly from 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?

Economic updates remained solid during the period, but rising uncertainty on a range of issues contributed to a deterioration in investor sentiment. Job growth remained steady through the period and the unemployment rate remained below 4%. Consumer confidence and retail sales have remained strong throughout the year, and initial reports from the holiday season have been solid. Inflation remains benign, partly thanks to lower oil prices, which we believe may benefit the consumer in 2019. The Fed highlighted in December that wages have started to increase which we believe may also help the U.S. consumer, but may also serve as a source of margin pressure in several domestic industries.

On the fixed income side, we have a cautious view of risk assets and as a result, the Fund has reduced exposure to corporate bonds. With better interest rate valuations, and as we expect the Fed to be more data dependent as we approach the terminal policy rate, and with much of the

rise in short- term rates behind us, we have chosen to seek to limit the Fund’s interest rate risk relative to the benchmark and have reduced the Fund’s short duration positioning. Credit remains a main investment focus of the portfolio. While the Fund is positioned with an overweight to corporate credit, we favor higher quality and less cyclical sectors. We believe that the market should benefit from continued tailwinds of tax reform, deregulation, and fiscal stimulus. Despite the prolonged economic cycle and persistently strong earnings from the corporate sector, we are viewing the credit cycle as mature with most of the narrowing of spreads (corporate compared to Treasury) behind us.

Within equities, the Fund ended the period most overweight to the Healthcare sector and most underweight to the Consumer Discretionary sector. Within fixed income, the Fund ended the period with a moderately pro-cyclical risk posture, continuing to favor investment grade credit, particularly in the U.S. Financials sector. As of the end of the period, the Fund is positioned with an overweight to taxable municipal bonds for the diversification benefit we believe they provide and maintained long inflation break evens via an allocation to TIPS. The Fund owns out-of-benchmark allocations to securitized sectors MBS, Commercial Mortgage Backed Securities (CMBS), and Asset Backed Securities (ABS) as of the end of the period.

At the end of the period, the Fund’s equity exposure was at 67% 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. There is no guarantee the Fund will achieve its stated objective. 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, 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, 2018


Category	Percentage of Net Assets
Equity Securities
Common Stocks		65.1	%

Total		65.1	%

Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		3.7	%
Corporate Bonds		18.4
Foreign Government Obligations		0.6
Municipal Bonds		1.1
U.S. Government Agencies		0.9
U.S. Government Securities		8.4

Total		33.1	%

Short-Term Investments		1.6
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.


		4

Hartford Capital Appreciation HLS Fund

Fund Overview

December 31, 2018 (Unaudited)

Inception 4/02/1984

Sub-advised by Wellington Management Company LLP

Investment objective – The Fund seeks growth of capital.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-6.96%		5.39%		12.39%
Class IB		-7.18%		5.12%		12.11%
Class IC		-7.41%		4.86%		11.83%
Russell 3000 Index		-5.24%		7.91%		13.18%
S&P 500 Index		-4.38%		8.49%		13.12%

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

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

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

You cannot invest directly in an index.

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

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA, Class IB and Class IC were 0.68%, 0.93% and 1.18%, respectively. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2018.

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


		5

Hartford Capital Appreciation HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

Portfolio Managers

Gregg R. Thomas, CFA

Senior Managing Director and Director of Investment Strategy

Wellington Management Company LLP

Manager Discussion

How did the Fund perform during the period?

The Class IA shares of Hartford Capital Appreciation HLS Fund returned -6.96% for the twelve-month period ended December 31, 2018, underperforming the Fund’s benchmarks, the Russell 3000 Index and the S&P 500 Index, which returned -5.24% and -4.38%, respectively, for the same period. For the same period, Class IA shares of the Fund outperformed the -7.87% average return of the Lipper Multi-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities, as measured by the S&P 500 Index, posted negative results over the trailing twelve-month period ending December 31, 2018. The Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the year, in line with expectations, although they signaled a more dovish path heading into 2019. (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.) Bullish sentiment was exceptionally strong to start the year, as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February of 2018 which led to heightened levels of volatility, a theme that continued for the remainder of the year. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This changed in the final months of 2018, when concerns surrounding slowing global growth, rich valuations, rising central bank benchmark interest rates, and capricious U.S. and China trade tensions were at the forefront of investors’ minds. Returns in October and December were sharply negative, with the latter representing the largest U.S. equity market monthly decline seen this decade, culminating the first year of negative U.S. equity returns since 2008.

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, eight of the eleven sectors in the Russell 3000 Index had negative returns. Energy (-20.0%), Materials (-16.4%), and Industrials (-14.1%) were the worst performers, while Healthcare (+5.3), Utilities (+4.6%), and Information Technology (+0.5%) performed best.

Security selection was the primary detractor from performance relative to the Russell 3000 Index during the period. Weak stock selection in the Healthcare, Consumer Discretionary, and Information Technology sectors was only partially offset by positive selection in the Industrials and Real Estate sectors. Sector allocation, a result of the Fund’s bottom-up security selection process, contributed positively to

performance relative to the Russell 3000 Index during the period. An overweight to the Consumer Staples sector and an underweight to the Financials and Energy sectors contributed positively to returns relative to the Russell 3000 Index. This was only partially offset by an overweight to the Materials and Industrials sectors, which detracted from benchmark-relative performance. Factor impact on the Fund was neutral. Exposure to volatility factors was positive but was offset by exposure to dividend yield. International exposure (country and currency) also detracted from relative performance, in particular due to the Fund’s exposure within Europe (Switzerland, France, and the United Kingdom) and Emerging Markets (China and South Korea).

The largest detractors to performance relative to the Russell 3000 Index over the period were Amazon (Consumer Discretionary), Microsoft (Information Technology), and Halliburton (Energy). Underweight exposure to U.S.-based global e-commerce retailer Amazon detracted from performance relative to the Russell 3000 Index. The stock price rose after the company posted strong earnings during the period as investors continued to be bullish on the prospects of continued strong growth. We believe the fundamentals across Amazon’s three key business units remain robust and the company continues to expand its categories, many of which have a high likelihood of success. While we have added to the position over the period, we remained underweight relative to the Russell 3000 Index. Underweight exposure to Microsoft, a U.S.-based developer of software products and services, detracted from performance relative to the Russell 3000 Index. Microsoft’s stock price rose during the period as the company released strong quarterly and fiscal 2018 financial results driven by robust performance across all business segments (productivity and business processes, intelligent cloud, and personal computing). Halliburton is a U.S.-based oil service company. The stock price declined during the period with falling oil prices. Bank OZK (Financials) and Citigroup (Financials) were among the top absolute detractors during the period.

The largest contributors to performance relative to the Russell 3000 Index over the period were ServiceNow (Information Technology), Facebook (Communications Services), and General Electric (Industrials). ServiceNow is a U.S.-based provider of cloud-based services that automate enterprise IT operations. The stock price rose as underlying results and guidance were better than the market expected during each quarterly earnings report. The market continued to have confidence in the company’s strong fundamentals momentum, as it has been successful at selling their products more broadly. The Fund continued to have an overweight to ServiceNow at the end of the period. Facebook is a U.S.-based company that engages in the development of social media applications. Shares declined sharply after lower than expected second quarter results as Facebook’s privacy data issues have had more of an impact on users, usage, and advertising revenue than anticipated. The company provided a softer outlook for the second half of 2018 and given the increased near-term uncertainty on revenue growth, slowing user growth, and lower margin forecast we have eliminated the Fund’s position. Our decision not to own General Electric


		6

Hartford Capital Appreciation HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

contributed positively to performance relative to the Russell 3000 Index during the period. GE is a U.S.-based multi-segment company that develops and manufactures products for the generation, transmission, distribution, control and utilization of electricity. The company is facing a number of controversies, including those relating to the company’s accounting practices. The stock price fell significantly in 2018 in the face of high leverage, poor power and gas business, and continued restructuring efforts. We continued to avoid the stock at the end of the period and remained unconvinced that the company’s turnaround plan will work. Atlassian (Information Technology) and Nike (Consumer Discretionary) were among the top contributors to absolute returns over the period.

The Fund, at times, uses derivative instruments such as currency forwards to hedge currency risk and 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 slightly detracted from relative performance.

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

Economic growth in the U.S. was tracking above the long-term average in the fourth quarter of 2018; however, we see signs of slowing growth ahead as durable goods orders remain sluggish and input costs are increasing on the back of higher tariffs. With inflation in-line with Fed’s forecasts and the Fed’s reiteration of a data-dependent monetary policy agenda, we could see further tightening in 2019. However, we expect to see a pause in this policy approach if macro fundamentals deteriorate.

In addition to the considerable uncertainty regarding the pace of tightening, we believe continued uncertainty stemming from ongoing trade tensions persists. Furthermore, the risk of an abrupt economic slowdown in China and political risk in Europe could have ramifications for the U.S. We expect the net impact of these uncertainties to lead to continued market volatility in 2019.

From a factor perspective, while we maintained the Fund’s exposure to value and growth factors for capital appreciation potential, we are increasingly looking to quality and low volatility to mitigate downside risk.

At the end of the period, the Fund’s largest overweights were to Consumer Discretionary and Consumer Staples sectors, while the Fund’s largest underweights were to Information Technology and Communications Services 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 asset classes and/or portfolio management teams. There is no guarantee the Fund will achieve its stated objective. 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 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. 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, 2018


Sector	Percentage of Net Assets
Equity Securities
Communication Services		6.0	%
Consumer Discretionary		12.7
Consumer Staples		8.6
Energy		3.9
Financials		11.9
Health Care		16.7
Industrials		11.9
Information Technology		15.2
Materials		3.6
Real Estate		5.6
Utilities		2.2

Total		98.3	%

Short-Term Investments		1.8
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.


		7

Hartford Disciplined Equity HLS Fund

Fund Overview

December 31, 2018 (Unaudited)

Inception 5/29/1998

Sub-advised by Wellington Management Company LLP

Investment objective – The Fund seeks growth of capital.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-1.99%		9.42%		13.77%
Class IB		-2.23%		9.15%		13.48%
S&P 500 Index		-4.38%		8.49%		13.12%

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

You cannot invest directly in an index.

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

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. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2018.

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


		8

Hartford Disciplined Equity HLS Fund

Fund Overview – (continued)

December 31, 2018 (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

How did the Fund perform during the period?

The Class IA shares of the Hartford Disciplined Equity HLS Fund returned -1.99% for the twelve-month period ended December 31, 2018, outperforming the Fund’s benchmark, the S&P 500 Index, which returned -4.38% for the same period. During the same period, the Class IA shares of the Fund also outperformed the -5.43% average return of the Lipper Large-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities, as measured by the S&P 500 Index, posted negative results over the trailing twelve-month period ending December 31, 2018. The Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the twelve-month period ending December 31, 2018, in line with expectations, although they signaled a more dovish path heading into 2019. (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.) Bullish sentiment was exceptionally strong to start the year, as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February which led to heightened levels of volatility, a theme that continued for the remainder of the year. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This changed in the final months of 2018, when concerns surrounding slowing global growth, rich valuations, rising central bank benchmark interest rates, and capricious U.S. and China trade tensions were at the forefront of investors’ minds. Returns in October and December were sharply negative, with the latter representing the largest U.S. equity market monthly decline seen this decade, culminating the first year of negative U.S. equity returns since 2008.

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, three of the eleven sectors within the S&P 500 Index rose, led by Healthcare (+6%), Utilities (+4%), and Consumer Discretionary (+1%). Energy (-18%), Communication Services (-15%) and Materials (-15%) lagged on a relative basis.

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

The top contributors to performance relative to the S&P 500 Index and absolute performance over the period were Mastercard (Information Technology), XL Group (Financials), and Eli Lilly (Healthcare). The top contributor to performance relative to the S&P 500 Index during the period was Mastercard, a U.S.-based electronic transactions company. The stock price of the company rose as the company continued to benefit from the ongoing secular shift away from cash and checks and towards electronic payments. XL Group, a U.S.-based global commercial Property & Casualty insurer was among the top contributors during the period. The company’s share price rose after the company agreed to be acquired by France-based insurer AXA. Eli Lilly, a global pharmaceutical company, contributed positively to performance relative to the S&P 500 Index during the period. Its shares traded higher on positive news from the company, including the U.S. Food and Drug Administration granting Breakthrough Therapy Designation to the company’s headache drug candidate Emgality.

The largest detractors from performance relative to the S&P 500 Index over the period were Amazon (Consumer Discretionary), Micron (Information Technology), and Fortune Brands (Industrials). An underweight position in Amazon, a U.S.-based global e-commerce retailer, detracted from performance relative to the S&P 500 Index as the company saw its share price rise; the company continued to expand its categories, such as its purchase of Whole Foods, to which the market reacted positively. Micron, a U.S.-based semiconductor company was among the top detractors from performance relative to the S&P 500 Index during the period. Share prices of the company came under pressure amid market concerns over global trade tensions and price weakness in the DRAM memory chip market. Fortune Brands, a U.S.-based home and security company, saw its share price decline during the period over concerns around rising interest rates and slowing housing starts. FedEx (Industrials) was a top absolute detractor from performance during the period.


		9

Hartford Disciplined Equity HLS Fund

Fund Overview – (continued)

December 31, 2018 (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?

We believe the U.S. economy remains healthy, although leading indicators are suggesting some moderation in growth into next year. With unemployment levels low and trending lower, we see risks of higher U.S. inflation. Many companies are facing higher labor and material costs, creating some uncertainty around profitability. While we were concerned about the possibility of higher oil prices during the period given the prospect of Iran sanctions, the waivers granted by the U.S. government actually resulted in oversupply and declining crude prices. However, we believe the subsequent cuts should restore supply demand balance and allow oil prices to find a firmer footing in 2019.

Trade continues to dominate the narrative. We are hopeful that a satisfactory agreement with China will be arrived at, however some supply chain disruption and temporary pauses in capital investment cannot be ruled out. The U.K.’s exit from the E.U. has re-emerged as another near term uncertainty that we have to monitor. On the flip side, we believe the strong employment situation bodes well for the consumer and so far the government shutdown has had little economic impact. Also credit remains benign and does not appear to be a near term headwind to profitability.

We will be watching profitability trends in 2019, particularly in areas seeing inflationary pressures, to evaluate the ability for companies to pass on prices and still grow. Given the uncertainty of some of the aforementioned macroeconomic issues, we do expect volatility to remain somewhat elevated despite recent declines in the market.

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

Important Risks

Composition by Sector⁽¹⁾

as of December 31, 2018


Sector	Percentage of Net Assets
Equity Securities
Communication Services		6.6	%
Consumer Discretionary		10.5
Consumer Staples		9.2
Energy		2.1
Financials		14.0
Health Care		19.3
Industrials		10.4
Information Technology		18.0
Materials		2.3
Real Estate		1.1
Utilities		5.2

Total		98.7	%

Short-Term Investments		1.2
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.


		10

Hartford Dividend and Growth HLS Fund

Fund Overview

December 31, 2018 (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.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-5.32%		7.53%		11.91%
Class IB		-5.56%		7.26%		11.63%
S&P 500 Index		-4.38%		8.49%		13.12%
Russell 1000 Value Index		-8.27%		5.95%		11.18%

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

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

You cannot invest directly in an index.

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

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. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2018.

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


		11

Hartford Dividend and Growth HLS Fund

Fund Overview – (continued)

December 31, 2018 (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

Manager Discussion

How did the Fund perform during the period?

The Class IA shares of Hartford Dividend and Growth HLS Fund returned -5.32% for the twelve-month period ended December 31, 2018, underperforming one of the Fund’s benchmarks, the S&P 500 Index, which returned -4.38% for the same period. Class IA shares of the Fund outperformed the Russell 1000 Value Index, its other benchmark, which returned -8.27% for the same period. During the same period, the Class IA shares of the Fund outperformed the -7.08% average return of the Lipper Equity Income Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities, as measured by the S&P 500 Index, posted negative results over the trailing twelve-month period ending December 31, 2018. The Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the twelve-month period, in line with expectations, although they signaled a more dovish path heading into 2019. (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.) Bullish sentiment was exceptionally strong to start the year, as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February which led to heightened levels of volatility, a theme that continued for the remainder of the period. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This changed in the final months of 2018, when concerns surrounding slowing global growth, rich valuations, rising central bank benchmark interest rates, and capricious U.S. and China trade tensions were at the forefront of investors’ minds. Returns in October and December were sharply negative, with the latter representing the largest U.S. equity market monthly decline seen this decade, culminating the first year of negative U.S. equity returns since 2008.

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, three of the eleven sectors within the S&P 500 Index posted positive returns, led by Healthcare (+6%), Utilities (+4%), and Consumer Discretionary

(+1%). Energy (-18%), Communication Services (-15%) and Materials (-15%) lagged on a relative basis.

Sector allocation, a result of our bottom up stock selection process, was the primary detractor from performance relative to the S&P 500 Index during the period. An overweight to the Financials and Energy sectors more than offset the positive impact of an overweight to the Utilities sector and an underweight to Consumer Staples sector. Security selection contributed positively to performance relative to the S&P 500 Index during the period. Strong selection within Communication Services, Healthcare, and Energy sectors was only partially offset by weaker selection within Consumer Discretionary and Financials sectors.

The Fund’s top detractors from performance relative to the S&P 500 Index were Amazon (Consumer Discretionary), Prudential Financial (Financials), and Principal Financial Group (Financials). Not owning Amazon, a constituent in the S&P 500 Index, a U.S.-based global e-commerce retailer, detracted from performance relative to the S&P 500 Index as the company reported strong organic growth and rising profit, along with increasing net sales year over year. Shares of U.S.-based life insurance and Financial Services company, Prudential, detracted from performance relative to the S&P 500 Index despite rising earnings expectations during the year. The stock fell along with those of many other insurers on concerns over potential charges associated with long-term care insurance and the fear of economic recession. Principal Financial Group, faltered during the period amid widespread weakness in the sector and earnings results that slightly lagged street estimates. Top absolute detractors during the period included Bank of America (Financials) and DXC Technology (Information Technology).

The Fund’s top contributors to performance relative to the S&P 500 Index during the period were Facebook (Communication Services), Verizon (Communication Services), and General Electric (Industrials). Not holding Facebook, a constituent in the S&P 500 Index, U.S.-based social media provider, contributed positively to benchmark-relative performance as the company faced ongoing concerns surrounding slowing growth and the potential for increased regulatory attention. Verizon, a U.S.-based communications technology company, saw its share price rise as the company reported strong quarterly results above street estimates and reduced its capital expenditure guidance. General Electric, a U.S.-based multinational conglomerate operating in the technology infrastructure, capital finance, and consumer and industrial products industries, underperformed as the company reported earnings results that were weaker than consensus estimates primarily driven by


		12

Hartford Dividend and Growth HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

another miss in the GE Power division. The Fund’s modest position in GE was eliminated at the beginning of the period. Top absolute performers during the period included Microsoft (Information Technology) and Merck (Healthcare).

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 economic outlook has weakened in the last six months, and we are now seeing the slowdown in China reverberating across Europe and the U.S. While we generally see the U.S. on the tail end of the slowdown, we believe that the wealth effect of weak equity market performance should impact consumer confidence. As of the end of the period, we remained optimistic about the Fund’s overweight to the Financials sector given the moderate valuations. We are cautious on more cyclical sectors of the economy and would not want to overexpose the portfolio to highly leveraged businesses at this stage of the cycle. However, as equities in the Industrials sector underperformed the broad market by the end of the period, we became interested in select opportunities. Many of the traditionally safe equities in the Consumers Staples sector appeared overly expensive in our valuation framework as of the end of the period.

We continue to rely on our process and philosophy as we construct the Fund.

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

Important Risks

Composition by Sector⁽¹⁾

as of December 31, 2018


Sector	Percentage of Net Assets
Equity Securities
Communication Services		9.2	%
Consumer Discretionary		4.8
Consumer Staples		5.4
Energy		8.6
Financials		20.4
Health Care		16.2
Industrials		8.4
Information Technology		13.1
Materials		4.3
Real Estate		2.6
Utilities		5.1

Total		98.1	%

Short-Term Investments		1.9
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.


		13

Hartford Global Growth HLS Fund

Fund Overview

December 31, 2018 (Unaudited)

Inception 9/30/1998

Sub-advised by Wellington Management Company LLP

Investment objective – The Fund seeks growth of capital.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-3.81%		8.47%		12.92%
Class IB		-4.07%		8.21%		12.64%
MSCI World Growth Index (Net)		-6.74%		6.08%		11.04%

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.

You cannot invest directly in an index.

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

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.81% and 1.06%, respectively. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2018.

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


		14

Hartford Global Growth HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

Portfolio Managers

Matthew D. Hudson, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

John A. Boselli, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Manager Discussion

How did the Fund perform during the period?

The Class IA shares of Hartford Global Growth HLS Fund returned -3.81% for the twelve-month period ended December 31, 2018, outperforming the Fund’s benchmark, the MSCI World Growth Index (Net), which returned -6.74% for the same period. For the same period, Class IA shares of the Fund also outperformed the -7.94% average return of the Lipper Global Multi-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Global equity markets lost ground over the twelve-month period ended December 31, 2018, as measured by the MSCI All Country World Index (Net), finishing the year in negative territory. Escalating inflation risks knocked the rallying market off course, leading to a sharp correction and a large spike in volatility at the onset of February of 2018. Through the late spring and summer of 2018, an intensification of trade war rhetoric, strong U.S. economic data, and a strengthening dollar formed a divergence between markets as the U.S. broadly outperformed international markets, most notably China and other developing economies. Global equities, U.S.-included, finished the year in a turbulent downtrend, weighed down by the cumulating stress of higher rates, tariff uncertainty, and shifts in political power.

The U.S. government saw a shift in power when Democrats gained control of the U.S. House of Representatives following November’s mid-term elections. U.S.-China trade relations remained especially volatile. By early July, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. In Europe, the U.K.’s exit from the E.U. (“Brexit”) negotiations progressed after the European Union (EU) and the U.K. reached a deal that set the terms of the U.K.’s exit from the bloc. In Latin America, Brazil was a notable bright spot in the fourth quarter of 2018, as markets rallied on the news that Jair Bolsonaro was elected president.

On the monetary front, the U.S. Federal Reserve (Fed), the Bank of England, and the Bank of Canada raised interest rates. In the U.S., Fed Chairman Jerome Powell raised interest rates four times, bringing the Fed Funds rate to a range of 2.25-2.5%. The European Central Bank (ECB) announced that quantitative easing will not continue into 2019, but offered a dovish undertone pledging to keep policy rates unchanged at least through the summer of 2019. (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.) Central banks globally are concluding multifaceted economic support programs. However, on several occasions through the year the People’s Bank of China lowered the reserve-requirement ratio (RRR), the amount of cash banks must keep on reserve, in an effort to boost growth.

Global Manufacturing Purchasing Managers’ Index (PMI) fell through the course of the year, signaling moderated growth rates. In the U.S., unemployment continued to trend downward over the period, ending the year at a historically low 3.7%. Oil approached a four-year high amidst global supply uncertainties and strong global growth before plummeting over 25% through the end of the year as increased production was paired with tepid demand. China’s Gross Domestic Product (GDP) growth slowed; in the third quarter economic growth fell to its lowest level since the first quarter of 2009.

During the period, U.S. equities outperformed non-U.S. equities, as measured by the S&P 500 Index and MSCI EAFE Index (Net), respectively, and emerging market equities underperformed their developed market counterparts, as measured by the MSCI Emerging Markets Index (Net) and MSCI World Index (Net), respectively. Within the MSCI World Growth Index (Net), all sectors posted negative returns. Energy (-24%), Materials (-17%), and Industrials (-14%) fell by the most during the period.

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

Top contributors to performance relative to the MSCI World Growth Index (Net) were Adobe (Information Technology), ServiceNow (Information Technology), and salesforce.com (Information Technology). Shares of Adobe, a U.S. based multinational computer software company, outperformed driven by strong earnings, as the company has been able to transition to a subscription based model with sticky, recurring revenues, while raising prices. The Fund’s position in ServiceNow, a U.S. based provider of cloud-based services that automate enterprise IT operations, rose during the period as the market gained confidence in the company’s strong fundamental momentum, which continues to show impressive success with new products and market penetration. The stock price of salesforce.com, a U.S.-based developer of on-demand customer relationship management (CRM) software, posted positive results after the company reported strong revenue growth and provided next year’s guidance ahead of expectations. Amazon (Consumer Discretionary) was a top absolute contributor during the period.


		15

Hartford Global Growth HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

The top detractors from the Fund’s performance relative to the MSCI World Growth Index (Net) were EnCana (Energy), Flex (Information Technology), and Julius Baer Group (Financials). Shares of EnCana, a Canada based energy company, underperformed amid broader energy weakness. Additionally, at the beginning of November, EnCana announced it would acquire Newfield Exploration in an all-stock transaction further hindering EnCana’s performance. Given the Fund held both companies and the share price of Newfield Exploration increased following news of the acquisition, the Fund eliminated its Newfield Exploration holdings. Flex, a U.S.-based company that designs, manufactures, and services consumer electronics for original equipment manufacturers, announced the retirement of its CEO at the end of 2018, the cancellation of a strategic partnership with Nike, and lowered guidance for the quarter and 2019 during their third period’s earnings release. The Fund sold its position in order to seek to fund more attractive opportunities. The shares of Julius Baer Group, a Switzerland-based multinational private bank, underperformed primarily due to negative market sentiment in Europe and European financials, poor performance in Asia where transaction volumes were lower than expected, and a minor money laundering scandal in Panama. Top absolute detractors included Electronic Arts (Communication Services) and Schlumberger (Energy).

Derivatives were not used in a significant manner in this 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, our focus remains on stock selection driven by bottom-up, fundamental research, regular meetings with the managements of leading companies globally, and leveraging the deep research capabilities of our firm. As of the end of the period, we believe risks remain on the horizon, including political risk in Europe, trade negotiations between the U.S. and China, and the potential ramifications of a sharp slowdown in economic growth in China. We remain focused on selecting 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 Healthcare, Consumer Discretionary, and Financials sectors, while the Fund’s largest underweights were to the Consumer Staples, Materials, and Industrials 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 asset classes and/or portfolio management teams. There is no guarantee the Fund will achieve its stated objective. 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. • The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.

Composition by Country⁽¹⁾

as of December 31, 2018


Country	Percentage of Net Assets
Canada		1.6	%
China		2.9
France		2.5
Germany		1.3
Hong Kong		1.5
India		0.6
Ireland		1.3
Italy		1.2
Japan		4.3
Luxembourg		0.6
Portugal		0.5
Russia		0.6
Sweden		1.0
Switzerland		3.6
Taiwan		0.5
United Kingdom		6.9
United States		68.2
Short-Term Investments		1.1
Other Assets & Liabilities		(0.2	)

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.


		16

Hartford Growth Opportunities HLS Fund

Fund Overview

December 31, 2018 (Unaudited)

Inception 3/24/1987

Sub-advised by Wellington Management Company LLP

Investment objective – The Fund seeks capital appreciation.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		0.53%		10.72%		14.81%
Class IB		0.29%		10.44%		14.52%
Class IC		0.04%		10.18%		14.24%
Russell 3000 Growth Index		-2.12%		9.99%		15.15%
Russell 1000 Growth Index		-1.51%		10.40%		15.29%

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 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.

You cannot invest directly in an index.

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

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA, Class IB and Class IC were 0.66%, 0.91% and 1.16%, respectively. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2018.

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


		17

Hartford Growth Opportunities HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

Portfolio Managers

Michael T. Carmen, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Mario E. Abularach, CFA, CMT

Senior Managing Director and Equity Research Analyst

Wellington Management Company LLP

Stephen Mortimer

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Manager Discussion

How did the Fund perform during the period?

The Class IA shares of Hartford Growth Opportunities HLS Fund returned 0.53% for the twelve-month period ended December 31, 2018, outperforming the Fund’s benchmarks, the Russell 3000 Growth Index and the Russell 1000 Growth Index, which returned -2.12% and -1.51%, respectively, for the same period. For the same period, Class IA shares of the Fund also outperformed the -2.92% average return of the Lipper Multi-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities, as measured by the S&P 500 Index, posted negative results over the trailing twelve-month period ending December 31, 2018. The Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the year, in line with expectations, although they signaled a more dovish path heading into 2019. (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.) Bullish sentiment was exceptionally strong to start the year, as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February of 2018 which led to heightened levels of volatility, a theme that continued for the remainder of the year. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This changed in the final months of 2018, when concerns surrounding slowing global growth, rich valuations, rising central bank benchmark interest rates, and capricious U.S. and China trade tensions were at the forefront of investors’ minds. Returns in October and December of 2018 were sharply negative, with the latter representing the largest U.S. equity market monthly decline seen this decade, culminating the first year of negative U.S. equity returns since 2008.

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, five of the eleven sectors within the Russell 3000 Growth Index rose, led by Utilities (+3%) and Healthcare (3%). Energy (-33%), Materials (-15%), and Communication Services (-12%) lagged on a relative basis.

The Fund’s outperformance versus the Russell 3000 Growth Index was primarily driven by strong security selection within the Information Technology, Healthcare, and Consumer Staples sectors. Weaker selection in Consumer Discretionary partially offset positive results relative to the Russell 3000 Growth Index. Sector allocation, a residual of the bottom-up stock selection process, also contributed positively to returns relative to the Russell 3000 Growth Index, due primarily to an overweight allocation to the Information Technology sector and an underweight allocation to the Consumer Staples sector.

Top contributors to performance relative to the Russell 3000 Growth Index during the period included The Trade Desk (Information Technology), Workday (Information Technology), and Facebook (Information Technology). Shares of The Trade Desk, a U.S.-based technology company providing ad buyers a platform to manage and display social, mobile, and video advertising, advanced during the period on strong earnings as revenues and guidance came in above consensus estimates. Results were strong across the board as sales, gross profit, and operating profit all increased year over year. The Fund’s position in The Trade Desk was eliminated during the period. Workday, a U.S.-based software-as-a-service (SaaS) provider for finance and human resources, reported strong earnings results during the period. The company displayed accelerated new business signings across their product platform, strong growth in their international and financials segments, and a significant increase in subscription revenue. Facebook, a U.S.-based social media provider, contributed positively to performance relative to the Russell 3000 Growth Index as the company faced ongoing concerns over data privacy issues. The Fund’s position in Facebook was eliminated during the period. Salesforce.com (Information Technology) was a top absolute contributor to performance during the period.

Stocks that detracted the most from performance relative to the Russell 3000 Growth Index during the period were Microsoft (Information Technology), Alphabet (Information Technology), and Floor & Decor (Consumer Discretionary). Shares of Microsoft, a U.S.-based developer of software products and services, rose due to strong revenue growth mainly attributable to the commercial cloud and the successful launch of newer hybrid server products. Not owning a position in the benchmark constituent detracted from performance relative to the Russell 3000 Growth Index. Shares of Alphabet, a U.S.-based internet search provider, fell during the period after announcing both revenue and margins were below consensus estimates, along with modest growth deceleration. We began selling the Fund’s shares of Alphabet and the Fund was


		18

Hartford Growth Opportunities HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

underweight at the end of the period. Shares of U.S.-based flooring and related accessory retailer, Floor & Decor, fell during the period after announcing softer than expected sales growth including lower same-store-sales and guidance below consensus estimates. ADT (Industrials) was a top absolute detractor from 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?

In our view, the recent trade rhetoric between the U.S. and China has caused a further deceleration in global growth and started to have a material impact on U.S. companies. Near term we believe the current market volatility will continue, but do not view a recession as inevitable. However, we do acknowledge it as a possibility. We are using the periods of uncertainty and market depreciation to seek to upgrade the quality of the portfolio and have been adding to high conviction names that we think are overly discounting a negative scenario. We are particularly focused on companies that we believe can succeed in an environment of slower economic growth.

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

Important Risks

Composition by Sector⁽¹⁾

as of December 31, 2018


Sector	Percentage of Net Assets
Equity Securities
Communication Services		11.0	%
Consumer Discretionary		17.5
Consumer Staples		3.9
Energy		1.5
Financials		4.9
Health Care		17.3
Industrials		8.8
Information Technology		32.7
Materials		1.0
Real Estate		1.0

Total		99.6	%

Short-Term Investments		1.2
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.


		19

Hartford Healthcare HLS Fund

Fund Overview

December 31, 2018 (Unaudited)

Inception 5/01/2000

Sub-advised by Wellington Management Company LLP

Investment objective – The Fund seeks long-term capital appreciation.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-2.67%		9.47%		15.18%
Class IB		-2.96%		9.18%		14.88%
S&P Composite 1500 Health Care Index		6.71%		11.40%		15.16%
S&P 500 Index		-4.38%		8.49%		13.12%

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

You cannot invest directly in an index.

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

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.90% and 1.15%, respectively. 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 year ended December 31, 2018.

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


		20

Hartford Healthcare HLS Fund

Fund Overview – (continued)

December 31, 2018 (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

How did the Fund perform during the period?

The Class IA shares of the Hartford Healthcare HLS Fund returned -2.67% for the twelve-month period ended December 31, 2018, underperforming the Fund’s benchmark, the S&P Composite 1500 Health Care Index, which returned 6.71% for the same period. The Class IA shares of the Fund outperformed the S&P 500 Index, the Fund’s other benchmark, which returned -4.38% during the period. During the same period, Class IA shares of the Fund underperformed the -0.57% average return of the Lipper Global Health and Biotechnology peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Healthcare equities (+7%) drastically outperformed the broader U.S. equity market (-4%) and global equity market (-9%) during the period, as measured by the S&P Composite 1500 Healthcare, S&P 500, and the MSCI All Country World (ACWI) Indices (Net), respectively. Within the S&P Composite 1500 Health Care Index, medical technology returned 15%, health care services returned 6%, large-cap biopharma returned 5%, small-cap biopharma returned -6%, and mid-cap biopharma returned -31%.

The Fund underperformed the S&P Composite 1500 Health Care Index, over the period due primarily to unfavorable sector allocation decisions. An overweight to mid- and small-cap biopharma detracted from results relative to the S&P Composite 1500 Health Care Index during the period, more than offsetting a positive contribution from an underweight to large-cap biopharma. Security selection also detracted modestly from performance relative to the S&P Composite 1500 Health Care Index. Security selection was weakest in small- and large-cap biopharma. This was partially offset by stronger selection in mid-cap biopharma and medical technology over the period.

Merck (large-cap biopharma), Portola Pharmaceuticals (mid-cap biopharma), and Pfizer (large-cap biopharma) were the top detractors from performance relative to the S&P Composite 1500 Health Care Index. Not holding benchmark constituent Merck, a U.S.-based pharmaceutical company, detracted from returns relative to the S&P Composite 1500 Health Care Index, as the stock moved higher on U.S. Food and Drug Administration (FDA) approval of both Lenvima for first-line liver cancer, and an expanded label for Keytruda. Shares of Portola Pharmaceuticals, a commercial-stage biotechnology company focused

mainly on cardiovascular disease, underperformed after sales of Bevyxxa, one of the company’s two marketed products, posted disappointing sales and management indicated that the launch would remain slow. Not holding benchmark constituent Pfizer, a U.S.-based pharmaceutical company, detracted from returns relative to the S&P Composite 1500 Health Care Index during the period as the stock moved higher on a solid earnings report and European approval of Trazimera, Pfizer’s biosimilar to Herceptin. This marks Pfizer’s fourth biosimilar, and the first oncology biosimilar, to receive European Commission approval. Alkermes (biopharma) was a top detractor from absolute performance during the period.

Johnson & Johnson (large-cap biopharma), Loxo Oncology (mid-cap biopharma), and Boston Scientific (medical technology) contributed positively to results relative to the S&P Composite 1500 Health Care Index over the period. Shares of Johnson & Johnson, a U.S.-based pharmaceutical company, ended the period lower as a result of the FDA’s commitment to targeting high drug pricing on less innovative products and legal battles over the safety of the company’s baby powder. An underweight position during the period contributed positively to performance relative to the S&P Composite 1500 Health Care Index; we later eliminated the name from the Fund. Shares of Loxo Oncology, a U.S.-based biopharmaceutical company specializing in medicines that target genetically-defined cancers, rose after the company announced that its lead drug Larotrectinib was accepted for priority review by the FDA for treating certain cancers. In addition, the company presented compelling clinical data for its second molecule, LOXO-292, in treating tumors driven by the RET gene at the American Society of Clinical Oncology annual meeting. Shares of Boston Scientific, a U.S.-based developer and manufacturer of medical devices, rose on strong earnings reports, and FDA approval for its innovative vascular stent, Eluvia. Eli Lilly (biopharma) was a top contributor to absolute performance during the period.

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

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

Looking back, we believe that the significant market valuation correction of this past quarter – while painful – has expanded our range of opportunities going forward. The recent stock market gyrations should almost certainly continue, but with valuations broadly lower, we look to 2019 with cautious optimism. We believe innovation in the


		21

Hartford Healthcare HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

biopharmaceutical and medical technology sectors is alive and well – indeed, the FDA approved a record number of new drugs in 2018 – and that fundamental innovation plus renewed interest in merger and acquisition (M&A) activity among larger drug companies may ultimately lead the sector higher.

Pressure on pricing and payment models will be ongoing in these sectors, but we continue to believe that fundamental structural reform is unlikely in the foreseeable future. The Trump Administration Healthcare blueprint seeks to address high drug prices by increasing competition, fostering pricing transparency, and wringing out inefficiencies in the pharmaceutical market. Importantly, it appears supportive of biomedical innovation and of the economic model thereof.

In selecting equities for the Fund, we favor companies that develop innovative products designed to address important unmet medical needs. Over the long term, the tailwinds of 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. There is no guarantee the Fund will achieve its stated objective. 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, 2018


Subsector	Percentage of Net Assets
Equity Securities
Biotechnology		24.5	%
Health Care Equipment & Supplies		22.9
Health Care Providers & Services		19.9
Health Care Technology		3.0
Life Sciences Tools & Services		4.7
Pharmaceuticals		23.9

Total		98.9	%

Short-Term Investments		2.2
Other Assets & Liabilities		(1.1	)

Total		100.0	%

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


		22

Hartford High Yield HLS Fund

Fund Overview

December 31, 2018 (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.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-3.44%		3.11%		10.00%
Class IB		-3.66%		2.85%		9.73%
Bloomberg Barclays U.S. Corporate High Yield Bond Index		-2.08%		3.83%		11.12%

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

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

You cannot invest directly in an index.

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

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. 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 year ended December 31, 2018.

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


		23

Hartford High Yield HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

Portfolio Managers

Christopher A. Jones, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

David B. Marshak

Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Manager Discussion

How did the Fund perform during the period?

The Class IA shares of Hartford High Yield HLS Fund returned -3.44% for the twelve-month period ended December 31, 2018, underperforming the Fund’s benchmark, the Bloomberg Barclays U.S. Corporate High Yield Bond Index, which returned -2.08% for the same period. During the same period, the Class IA shares of the Fund underperformed the -2.53% 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?

During the period, global fixed income markets largely generated negative total returns as measured by the Bloomberg Barclays Global Aggregate Index, driven by corporate spread widening and higher yields in the U.S. and select emerging markets government bond markets. Geopolitical uncertainty remained elevated despite some seemingly positive developments, including the U.S. and China temporary trade truce, survived confidence vote by United Kingdom (UK) Prime Minister May, and compromised budget plan between Italy and the European Union (EU).

Early in the period, sovereign debt yields generally moved higher, driven by continued global growth momentum and rising inflation expectations. However, late in the year, sovereign debt yields declined across most markets amid a spike in equity market volatility and increasing concerns about slowing global growth. The prospect of fewer Fed rate increases in 2019 amid a deteriorating global economic outlook contributed to a decline in U.S. yields late in the period but they still finished higher for the year. Brexit worries and weakening European growth indicators contributed to lower core European sovereign debt yields while U.K. yields rose. Italian bond yields rose sharply on debt sustainability concerns but declined after the government announced a budget agreement that will allow the country to dodge a painful EU sanctions process.

Absolute returns were positive for most securitized sectors but negative for corporate sectors during the year. On an excess return basis relative to duration-equivalent treasuries, most major credit risk sectors posted negative returns over the period, with greater underperformance across lower-rated sectors.

High-yield markets were adversely impacted by both increasing interest rates and widening credit spreads during the year amid a backdrop of ongoing geopolitical uncertainty in Europe and elevated tensions between the U.S. and its trading partners, namely China. High yield held up well during the first three quarters of the year, but spreads widened sharply during the fourth quarter of 2018 amid a spike in equity market volatility, lack of progress on key political issues in Europe, and a sharp selloff in energy prices.

The Bloomberg Barclays U.S. Corporate High Yield Bond Index returned -2.08% for the twelve months ended December 31, 2018 and outperformed duration-equivalent Treasuries by -3.58%. The Option-Adjusted Spread (OAS) of the Bloomberg Barclays U.S. Corporate High Yield Bond Index was 5.26% on December 31, 2018, wider than twelve months ago (3.43% as of December 31, 2017).

During the period, sector allocation contributed positively to returns relative to the Bloomberg Barclays U.S. Corporate High Yield Bond Index, mainly driven by the Fund’s underweight allocations to the Energy and Automotive sectors. This was partially offset by underweights to Healthcare and Utilities sectors, which detracted from returns relative to the Bloomberg Barclays U.S. Corporate High Yield Bond Index.

Overall, security selection decisions detracted from returns relative to the Bloomberg Barclays U.S. Corporate High Yield Bond Index, primarily driven by selection within the Metals and Mining and financial institutions sectors. This was partially offset by stronger selection in the Energy and home constructions sectors, which contributed positively to returns relative to the Bloomberg Barclays U.S. Corporate High Yield Bond Index.

Quality positioning contributed positively to performance relative to the Bloomberg Barclays U.S. Corporate High Yield Bond Index during the period, primarily due to an underweight to BB-rated securities along with an overweight to CCC and below-rated securities.

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

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

We remain constructive on high yield given what we view as the backdrop of stable corporate fundamentals, a supportive macroeconomic landscape, and continued demand for yield-producing assets. We believe valuations appear attractive following recent spread widening given the strong economy and solid company fundamentals. While geo-political events and tighter-than-expected central bank monetary policy are risks, we believe spreads offer ample cushion given our expectation for a benign default environment over the next year.


		24

Hartford High Yield HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

We are particularly positive on conditions in the U.S., and favor issuers expected to benefit from a stable or growing U.S. domestic economy. However, we also acknowledge that high yield spreads in Europe and emerging markets have widened significantly and we are finding select investment opportunities in these regions. We continue to monitor the possible impact on global growth from increased political uncertainty and potentially more protectionist policies.

We believe high yield continues to be an attractive asset class and the ongoing “search for yield,” caused in part by low absolute levels of interest rates around much of the globe, may continue to provide a tailwind for the asset class going forward.

The Fund ended the year most overweight in the Gaming and Packaging sectors, and was most underweight to the Energy and Automotive sectors relative to Bloomberg Barclay U.S Corporate High Yield Bond Index.

Important Risks

Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. 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. • Privately placed, restricted (Rule 144A) securities may be more difficult to sell and price than other securities.

Composition by Security Type⁽¹⁾

as of December 31, 2018


Category	Percentage of Net Assets
Equity Securities
Common Stocks		0.9	%
Escrows		0.0	*

Total		0.9	%

Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		0.0	%*
Convertible Bonds		1.1
Corporate Bonds		88.6
Senior Floating Rate Interests		5.8

Total		95.5	%

Short-Term Investments		2.1
Other Assets & Liabilities		1.5

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.


		25

Hartford International Opportunities HLS Fund

Fund Overview

December 31, 2018 (Unaudited)

Inception 7/02/1990

Sub-advised by Wellington Management Company LLP

Investment objective – The Fund seeks long-term growth of capital.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-18.74%		0.18%		6.84%
Class IB		-18.96%		-0.07%		6.57%
MSCI ACWI ex USA Index (Net)		-14.20%		0.68%		6.57%

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.

You cannot invest directly in an index.

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

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. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2018.

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


		26

Hartford International Opportunities HLS Fund

Fund Overview – (continued)

December 31, 2018 (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

How did the Fund perform during the period?

The Class IA shares of the Hartford International Opportunities HLS Fund returned -18.74% for the twelve-month period ended December 31, 2018, underperforming the Fund’s benchmark, the MSCI All Country World (ACWI) ex USA Index (Net) which returned -14.20% for the same period. During the same period, the Class IA shares of the Fund also underperformed the -13.70% average return of the Lipper International Large-Cap Growth Fund peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

International equity markets lost ground over the period, finishing the year in negative territory, as measured by the MSCI ACWI ex USA Index (Net). Escalating inflation risks knocked the rallying market off course, leading to a sharp correction and a large spike in volatility at the onset of February 2018. Through the late spring and summer, an intensification of trade war rhetoric, strong U.S. economic data, and a strengthening U.S. dollar formed a divergence between markets as the U.S. broadly outperformed international markets, most notably China and other developing economies. Global equities, U.S. included, finished the year in a turbulent downtrend, weighed down by the cumulating stress of higher rates, tariff uncertainty, and shifts in political power, as measured by the MSCI ACWI Index (Net).

The U.S. government saw a shift in power when Democrats gained control of the U.S. House of Representatives following November’s mid-term elections. U.S.-China trade relations remained especially volatile. By early July of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. In Latin America, Brazil was a notable bright spot in the fourth quarter, as markets rallied on the news that Jair Bolsonaro was elected president.

On the monetary front, the U.S. Federal Reserve (Fed), the Bank of England, and the Bank of Canada raised interest rates. In the U.S., Fed Chairman Jerome Powell raised benchmark interest rates four times, bringing the Fed Funds rate to a range of 2.25-2.5%. The European Central Bank announced that quantitative easing will not continue into 2019, but offered a dovish undertone pledging to keep policy rates unchanged at least through the summer of 2019. (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.) Central banks globally are concluding multifaceted economic support programs. However, on several occasions through the year the People’s Bank of China lowered the reserve-requirement ratio (RRR), the amount of cash banks must keep on reserve, in an effort to boost growth.

Global Manufacturing Purchasing Managers’ Index (PMI) declined over the course of the year, signaling moderated growth rates. In the U.S., unemployment continued to trend downward, ending the year at a historically low 3.7%. Oil approached a four-year high amidst global supply uncertainties and strong global growth before plummeting over 25% through the end of the year as increased production was paired with tepid demand. China’s GDP growth slowed; in the third quarter economic growth fell to its lowest level since the first quarter of 2009.

During the period, U.S. equities outperformed non-U.S. equities, as measured by the S&P 500 Index and MSCI EAFE Index (Net), respectively, and developed market equities outperformed their emerging market counterparts, as measured by the MSCI World Index (Net) and MSCI Emerging Markets Index (Net), respectively. Within the MSCI ACWI ex USA Index (Net), all eleven sectors posted negative returns during the period; Consumer Discretionary (-20%), Information Technology (-19%), and Financials (-16%) fell the most.

Security selection effects drove underperformance relative to the MSCI ACWI ex USA Index (Net) during the period. Selection was weakest within the Information Technology, Energy, and Financials sectors. This was partially offset by stronger selection within the Communication Services, Industrials, and Utilities sectors. 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. A relative underweight to the Financials sector benefited results while an overweight to the Consumer Discretionary sector partially detracted from relative performance. On a regional basis, security selection within Europe and emerging markets detracted markedly from relative performance.

Top detractors from performance relative to the MSCI ACWI ex USA Index (Net) during the period included AMS AG (Information Technology), British-American Tobacco (Consumer Staples), and Valeo (Consumer Discretionary). Although they are in different sectors, Valeo and AMS share similarities. They are suppliers of competitive, technology-driven solutions to their end markets – automotive in Valeo’s case and smartphones in AMS’ case – and have been benefiting from secular trends for higher technology content per unit. Both companies have been gaining market share due to their intellectual property, and, in our view, are managed by CEOs that are investing with a long-term mindset. While we believe the secular trend to higher content will drive the long-term outcomes of these businesses, the cyclical impact of slowing unit demand proved to be more important in the fourth quarter, and the degree of slowdown priced into these companies’ valuations surprised us. We added to the Fund’s holding in Valeo, where we believe the depth of downturn in the company’s valuation is factoring in a sufficiently dire scenario, and we sold out of AMS, where we believe a


		27

Hartford International Opportunities HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

prolonged weakness in smartphone demand could further decrease its valuation. Shares of British-American Tobacco, the UK-based tobacco company, fell during the fourth quarter 2018 as investors expressed concerns about regulations, specifically the U.S. Federal Drug Administration’s (FDA) announcement of restrictions on the sale of flavored e-vapor products and a proposed ban on the sale of menthol cigarettes. We continue to hold the stock and believe the market underappreciates the company’s ability to sustain its return on invested capital (ROIC) driven by its strong pricing, expanding margins, and the potential of its next-generation products business. EnCana (Energy) and UBS Group (Financials) were top absolute detractors during the period.

Top contributors to returns relative to the MSCI ACWI ex USA Index (Net) included Safran (Industrials), China Tower (Communication Services), and Tokio Marine (Financials). Safran, a France-based technology company producing aircraft and rocket engines, propulsion systems, and aerospace equipment, was the top contributor relative to the MSCI ACWI ex USA Index (Net) during the period. The stock performed well after the company reported better-than-expected first quarter sales driven by strong organic growth mainly in the civil aftermarket. The stock price of China Tower, a China-based telecom tower operator, rose following the company’s site tour in which management maintained a positive outlook on demand for 5G and improving cash flow. It was a strong year for Japanese insurer Tokio Marine as the company demonstrated a clear commitment to better capital allocation. ENN Energy Holdings (Utilities) and Mocler (Consumer Discretionary) were top absolute contributors during the period.

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

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

In general, we remain constructive on the global economy, but are mindful that the global economic cycle faces challenges from rising interest rates and ongoing trade disputes. At the same time, we continue to watch for potential stimulus measures in China and Europe.

In the latter part of the year, financial markets were focused on cyclical issues such as the Apple supply chain, ongoing trade frictions and the slowdown in China. But taking a longer term perspective, we still see many investment opportunities where companies’ return on capital appears to be mispriced due to the nature of their businesses or because their valuations provide greater insulation from cyclical change.

Across sectors, we continue to favor 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 or service. In our view, the long term winners will be those companies that can most effectively optimize their technology to increase productivity.

We remain excited about the long-term prospects for China and continue to maintain the Fund’s exposure to Chinese companies and companies with significant exposure to the Chinese market where we believe the market is mispricing the future returns on capital. We continue to think that despite the government’s efforts to slow the trajectory of growth, we may see stable growth from this market. Although we do believe this is where we want to have exposure in the Fund, we’re also mindful that we have limited transparency around the path of certain policy issues that

are weighing on the market and that the uncertainty around the future state of issues like trade may lead to continued bouts of volatility that may impact the portfolio in the near-term.

Important Risks

Composition by Currency

as of December 31, 2018


Description	Percentage of Net Assets
Australian Dollar		0.9	%
British Pound		13.2
Canadian Dollar		4.3
Danish Krone		0.5
Euro		29.4
Hong Kong Dollar		8.7
Indian Rupee		2.0
Japanese Yen		14.6
Norwegian Krone		0.5
South Korean Won		2.1
Swiss Franc		11.3
Taiwanese Dollar		2.6
United States Dollar		9.9
Other Assets & Liabilities		0.0	*

Total		100.0	%

*	Percentage rounds to zero.

Composition by Sector⁽¹⁾

as of December 31, 2018


Sector	Percentage of Net Assets
Equity Securities
Communication Services		7.1	%
Consumer Discretionary		12.2
Consumer Staples		9.7
Energy		7.8
Financials		16.4
Health Care		11.5
Industrials		11.4
Information Technology		6.3
Materials		3.9
Real Estate		6.6
Utilities		4.1

Total		97.0	%

Short-Term Investments		3.0
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.


		28

Hartford MidCap HLS Fund

Fund Overview

December 31, 2018 (Unaudited)

Inception 7/14/1997

Sub-advised by Wellington Management Company LLP

Investment objective – The Fund seeks long-term growth of capital.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-7.44%		7.86%		13.76%
Class IB		-7.65%		7.59%		13.47%
S&P MidCap 400 Index		-11.08%		6.03%		13.68%

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.

You cannot invest directly in an index.

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

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.70% and 0.95%, respectively. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2018.

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


		29

Hartford MidCap HLS Fund

Fund Overview – (continued)

December 31, 2018 (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

How did the Fund perform during the period?

The Class IA shares of the Hartford MidCap HLS Fund returned -7.44% for the twelve-month period ended December 31, 2018, outperforming the Fund’s benchmark, the S&P MidCap 400 Index, which returned -11.08% for the same period. For the same period, the Class IA shares of the Fund underperformed the -5.42% average return of the Lipper Mid-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities, as measured by the S&P 500 Index, posted negative results over the trailing twelve month period ending December 31, 2018. The U.S. Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the year, in line with expectations, although they signaled a more dovish path heading into 2019. (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.) Bullish sentiment was exceptionally strong to start the year, as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February of 2018, which led to heightened levels of volatility, a theme that continued for the remainder of the year. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted, fueled by robust U.S. earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This changed in the final months of 2018, when concerns surrounding slowing global growth, rich valuations, rising central bank benchmark interest rates, and capricious U.S. and China trade tensions were at the forefront of investors’ minds. Returns in October and December were sharply negative, with the latter representing the largest U.S. equity market monthly decline seen this decade, culminating the first year of negative U.S. equity returns since 2008.

Returns varied by market-cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. Within the S&P MidCap 400 Index, nine of eleven sectors posted negative returns during the period. The Energy (-30%), Materials (-20%), and Consumer Discretionary (-17%) sectors posted the lowest returns while Utilities (8%) posted positive returns and Communication Services was roughly neutral for the period.

The Fund’s outperformance relative to the S&P MidCap 400 Index during the period was driven primarily by security selection in the Industrials, Financials, and Information Technology sectors. This more

than offset weaker selection in Healthcare and Energy. Sector allocation, a result of the bottom-up security selection process, also contributed positively to returns relative to the S&P MidCap 400 Index over the period. An overweight to the Healthcare sector and Information Technology sectors contributed positively to relative returns, which more than offset negative relative performance from underweights to the Utilities and Real Estate sectors.

The top contributors to performance relative to the S&P MidCap 400 Index during the period were VeriSign (Information Technology), Veeva Systems (Healthcare), and CDW (Information Technology). Shares of Veeva Systems, a cloud-computing company focused on the life sciences industries, rose after the company reported very strong second quarter financial results primarily due to its Vault system, which manages regulated documents and data for clients. VeriSign, an internet domain name registry, was a strong performer in 2018. Shares rose after the company filed a request with their price regulator which will allow them to raise prices in the future, thus potentially increasing their organic growth rate. The stock price of CDW rose as the IT services provider for education, business, and government, continued to steadily grow profits. GrubHub (Consumer Discretionary) and Keysight Technologies (Information Technology) were among the top absolute contributors to performance during the period.

The top detractors from performance relative to the S&P MidCap 400 Index and absolute performance during the period were CommScope Holding Company (Information Technology), Newfield Exploration (Energy), and Alkermes (Healthcare). CommScope, a communications network infrastructure provider, reported earnings below market expectations. The company announced during the period that it was acquiring Arris, a telecomm equipment manufacturer; we thought that the deal would be beneficial so we added modestly to its position. Newfield Exploration, a petroleum and natural gas exploration and production company, saw its share price drop during the period as oil prices fell dramatically during the fourth quarter 2018 amidst ongoing concerns about excess supply and lower demand growth. The Fund continued to hold its position at the end of the period based on what we considered to be the company’s attractive oil and gas reserves and favorable production costs. Shares of Alkermes, a biopharmaceutical company that focuses on diseases of the central nervous system, declined as the Food and Drug Administration (FDA) initially refused to consider trial data for a new medication that aims to treat major depressive disorder. The FDA subsequently reversed this decision and the company expects the drug to be very successful at treating depression. Our view is that Alkermes has a broad pipeline with a number of attractive opportunities so the Fund continued to hold the stock although we trimmed its position slightly near the end of the period.


		30

Hartford MidCap HLS Fund

Fund Overview – (continued)

December 31, 2018 (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?

Despite the recent market selloff, we believe the fundamentals of the U.S. economy are solid and we continue to find what we consider to be attractive company-specific opportunities to add to the portfolio. Higher levels of volatility may persist as the market absorbs the effects of higher interest rates, trade policy, slower growth, and political uncertainty.

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

Important Risks

Composition by Sector⁽¹⁾

as of December 31, 2018


Sector	Percentage of Net Assets
Equity Securities
Communication Services		2.5	%
Consumer Discretionary		6.9
Energy		3.1
Financials		14.5
Health Care		19.1
Industrials		18.9
Information Technology		27.4
Materials		2.8
Real Estate		1.4
Utilities		2.6

Total		99.2	%

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

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.


		31

Hartford MidCap Growth HLS Fund (formerly, Hartford Small/Mid Cap Equity HLS Fund)

Fund Overview

December 31, 2018 (Unaudited)

Inception 5/01/1998

Sub-advised by Wellington Management Company LLP

Investment objective – The Fund seeks long-term growth of capital.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-10.05%		3.74%		13.42%
Class IB		-10.25%		3.49%		13.13%
Russell Midcap Growth Index		-4.75%		7.42%		15.12%
Russell 2500 Index		-10.00%		5.15%		13.15%

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.

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 US equity universe. It includes those Russell Midcap Index companies with higher price-to-book ratios and higher forecasted growth values.

Effective November 1, 2018, the Fund changed its benchmark to the Russell Midcap Growth Index from the Russell 2500 Index because Hartford Funds Management Company, LLC believes it better reflects the Fund’s revised investment strategy.

Russell 2500 Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the small to mid-cap segment of the U.S. equity universe, commonly referred to as “smid” cap. The Russell 2500 Index is a subset of the Russell 3000 Index and includes approximately 2,500 of the smallest securities based on a combination of their market capitalization and current index membership.

You cannot invest directly in an index.

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

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.92% and 1.17%, respectively. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2018.

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


		32

Hartford MidCap Growth HLS Fund (formerly, Hartford Small/Mid Cap Equity HLS Fund)

Fund Overview – (continued)

December 31, 2018 (Unaudited)

Portfolio Managers

Timothy N. Manning

Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Manager Discussion

How did the Fund perform during the period?

The Class IA shares of Hartford MidCap Growth HLS Fund* returned -10.05% for the twelve-month period ended December 31, 2018, underperforming its new benchmark**, the Russell Midcap Growth Index, which returned -4.75%. The Fund also underperformed its former benchmark, the Russell 2500 Index, which returned -10.00% for the same period. For the same period, Class IA shares of the Fund underperformed the -5.43% average return of the Lipper Mid-Cap Growth Funds*** peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities, as measured by the S&P 500 Index, posted negative results over the trailing twelve-month period ending December 31, 2018. The Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the year, in line with expectations, albeit signaling a more dovish path heading into 2019. (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.) Bullish sentiment was exceptionally strong to start the year, as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February of 2018 and led to heightened levels of volatility, a theme that continued for the remainder of the period. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This changed in the final months of 2018, when concerns surrounding slowing global growth, rich valuations, rising central bank benchmark interest rates, and capricious U.S. and China trade tensions were at the forefront of investors’ minds. Returns in October and December were sharply negative, with the latter representing the largest U.S. equity market monthly decline seen this decade, culminating the first year of negative U.S. equity returns since 2008.

Returns varied by market-cap, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. Four of the eleven sectors in the custom benchmark**** posted positive absolute returns during the period. Utilities (+6%), Information Technology (+4%), and Healthcare (+2%) rose the most while Energy (-24%) and Materials (-19%) posted negative returns.

The Fund’s underperformance relative to the custom benchmark**** was driven by weak stock selection, particularly in the Industrials, Information Technology, and Healthcare sectors. This was partially offset by stronger selection in the Energy and Consumer Staples sectors. Sector allocation, a product of our bottom up stock-selection process, slightly aided returns relative to the custom benchmark**** during the period. An underweight to the Materials sector and an overweight to Utilities sector contributed positively to performance relative to the custom

benchmark****, partially offset by the negative impact from the Fund’s overweight allocations to the Consumer Staples and Consumer Discretionary sectors.

The largest detractors from performance relative to the custom benchmark**** during the period were Aramark (Consumer Discretionary), BWX Technologies (Industrials), and Acadia Healthcare (Healthcare). Aramark, a U.S.-based food service, facilities, and uniform services provider, detracted from relative performance after indicating modestly lower organic revenue guidance, which caused the stock to decline below what we believe to be its intrinsic value. The Fund used this as an opportunity to add to the position. BWX Technologies, a leading supplier of nuclear components and fuel to the U.S. government, was down after reporting a large one time charge and the delay of a new product launch. These issues are isolated from its core business and the Fund continued to hold the position at the end of the reporting period. Acadia Healthcare, a U.S.-based Healthcare services company, declined due to management lowering the company’s guidance and political pressures surrounding a new opioid bill being reviewed by the U.S. House of Representatives and the Senate. Gartner (Information Technology) was among the top absolute detractors during the period.

The largest contributors to performance relative to the custom benchmark**** and absolute performance during the period were Medifast (Consumer Staples), Fortinet (Information Technology), and Popular (Financials). Shares of Medifast, a U.S.-based healthy-living product and program specialist, rose on strong earnings announcements during the first part of the period. This small cap security was sold as part of the Fund’s transition. Fortinet, a network security company, rose in price as revenue growth accelerated and the company increased guidance during their second quarter earnings release. Shares of Popular, the holding company of Puerto Rico’s largest bank, Banco Popular de Puerto Rico, rallied as the company returned to pre-hurricane levels of profitability.

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 recent volatility and the ensuing sell off in U.S. equities, we continue to believe the U.S. economy is on solid footing. We do recognize there are some pockets of heightened macro risk in the near term. We will continue to gauge signs that the economy is decelerating from where it stands at the end of the reporting period and will position accordingly.

*	Effective November 1, 2018, the Fund changed its name from the Hartford Small/Mid Cap Equity HLS Fund to Hartford MidCap Growth HLS Fund and changed its principal investment strategy.

**	Effective November 1, 2018, the benchmark changed from Russell 2500 Index to Russell Midcap Growth Index.

***	During the period, the peer group changed from Lipper Mid-Cap Core Funds to Lipper Mid-Cap Growth Funds

****	Custom benchmark returns and attribution results represent the Russell 2500 Index from January 1, 2018 through October 31, 2018 and the Russell Midcap Growth Index from November 1, 2018 through December 31, 2018.


		33

Hartford MidCap Growth HLS Fund (formerly, Hartford Small/Mid Cap Equity HLS Fund)

Fund Overview – (continued)

December 31, 2018 (Unaudited)

Important Risks

Composition by Sector⁽¹⁾

as of December 31, 2018


Sector	Percentage of Net Assets
Equity Securities
Communication Services		3.2	%
Consumer Discretionary		22.4
Financials		4.5
Health Care		17.9
Industrials		15.7
Information Technology		31.0
Real Estate		3.4

Total		98.1	%

Short-Term Investments		1.6
Other Assets & Liabilities		0.3

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.


		34

Hartford MidCap Value HLS Fund

Fund Overview

December 31, 2018 (Unaudited)

Inception 4/30/2001

Sub-advised by Wellington Management Company LLP

Investment objective – The Fund seeks long-term capital appreciation.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-14.57%		3.17%		12.46%
Class IB		-14.77%		2.92%		12.18%
Russell 2500 Value Index		-12.36%		4.16%		11.62%
Russell MidCap Value Index		-12.29%		5.44%		13.03%

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.

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.

You cannot invest directly in an index.

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

As shown in the Fund’s prospectus dated May 1, 2018, the total annual fund operating expense ratios for Class IA and Class IB were 0.86% and 1.11%, respectively. The Fund filed a supplement to its prospectus, dated November 19, 2018, with the U.S. Securities and Exchange Commission that updated the Fund’s total annual fund operating expense table effective January 1, 2019. However, the information in this annual report is as of December 31, 2018 and does not reflect any changes made to the total annual fund operating expense table in the prospectus, as supplemented. The net expense ratios shown in the supplement are as follows: 0.82% (Class IA) and 1.07% (Class IB). The gross expense ratios shown in the supplement are as follows: 0.86% (Class IA) and 1.11% (Class IB). This contractual waiver, which became effective January 1, 2019, will remain in effect through April 30, 2020 unless the Board of Directors of the Fund approves its earlier termination. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2018.

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


		35

Hartford MidCap Value HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

Portfolio Managers

Gregory J. Garabedian

Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Manager Discussion

How did the Fund perform during the period?

The Class IA shares of Hartford MidCap Value HLS Fund returned -14.57% for the twelve-month period ended December 31, 2018, underperforming the Fund’s benchmarks, the Russell 2500 Value Index and the Russell MidCap Value Index, which returned -12.36% and-12.29%, respectively, for the same period. For the same period, Class IA shares of the Fund also underperformed the -11.06% average return of the Lipper Mid-Cap Core Fund peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities, as measured by the S&P 500 Index, posted negative results over the trailing twelve-month period ending December 31, 2018. The Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the year, in line with expectations, albeit signaling a more dovish path heading into 2019. (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.) Bullish sentiment was exceptionally strong to start the year, as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February of 2018 and led to heightened levels of volatility, a theme that continued for the remainder of the period. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This changed in the final months of 2018, when concerns surrounding slowing global growth, rich valuations, rising central bank benchmark interest rates, and capricious U.S. and China trade tensions were at the forefront of investors’ minds. Returns in October and December were sharply negative, with the latter representing the largest U.S. equity market monthly decline seen this decade, culminating the first year of negative U.S. equity returns since 2008.

The Fund’s underperformance relative to the Russell 2500 Value Index was largely driven by weak security selection. Negative stock selection within the Financials, Consumer Discretionary, and Industrials sectors more than offset positive stock selection within Real Estate, Information Technology, and Healthcare. Sector allocation, a result of the bottom-up security selection process, also detracted from results relative to the Russell 2500 Value Index over the period, primarily due to an overweight position in the Materials and Energy sectors. An overweight to the Information Technology sector and an underweight to the Consumer Discretionary sector, which contributed positively, partially offset weak relative performance over the period.

The largest detractors from returns relative to the Russell 2500 Value Index included Unum Group (Financials), Newfield Exploration (Energy), and JELD-WEN (Industrials). Shares of Unum Group, an insurance

company, fell over the period due to weak earnings reports. Shares of Newfield Exploration, an oil and gas exploration company, struggled due to a sharp decline in oil prices. JELD-WEN, a leading manufacturer of residential windows and doors, preannounced a weak third quarter. Diamondback Energy (Energy) was a top absolute detractor from performance during the period.

The largest contributors to performance relative to the Russell 2500 Value Index included XL Group (Financials), UGI (Utilities), and Microsemi (Information Technology). XL Group, a global insurance and reinsurance company, rose sharply after the company agreed to be acquired by France-based insurer AXA. Shares of UGI, a natural gas and electric operator, rose during the period as the company reported strong earnings. Microsemi, a semiconductor manufacturing company, rose on news that it agreed to be acquired by Microchip Technology. Keysight (Information Technology) was a top absolute contributor to performance during the period.

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

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

Although U.S. fundamentals remain solid, the combination of the Fed’s balance sheet runoff and higher policy rates proved too much for the financial markets to bear as concerns over slowing global growth continued to emerge. We maintain our belief that supply-side impacts of the tax cut and regulatory easing have yet to be fully realized, and combined with lower oil prices, the backdrop appears strong for the biggest part of the U.S. economy, the consumer. While we expect continued volatility in the near term, we have begun to evaluate new opportunities where moves in stock prices appear overdone and offer attractive valuations in multiple economic scenarios in our view. In fact, at the end of the period, the equity risk premium (the earnings yield over Treasury yields) was over 3%, signaling valuations are becoming increasingly attractive, especially amongst cyclicals where the Fund remained overweight relative to the benchmark.

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

Important Risks


		36

Hartford MidCap Value HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

particular sectors may increase its volatility and risk of loss if adverse developments occur. • Different investment styles may go in and out of favor, which may cause the Fund to underperform the broader stock market.

Composition by Sector⁽¹⁾

as of December 31, 2018


Sector	Percentage of Net Assets
Equity Securities
Communication Services		2.3	%
Consumer Discretionary		4.4
Consumer Staples		3.5
Energy		6.6
Financials		20.3
Health Care		3.7
Industrials		14.9
Information Technology		15.5
Materials		9.5
Real Estate		12.1
Utilities		5.8

Total		98.6	%

Short-Term Investments		2.1
Other Assets & Liabilities		(0.7	)

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.


		37

Hartford Small Cap Growth HLS Fund

Fund Overview

December 31, 2018 (Unaudited)

Inception 5/02/1994

Sub-advised by Wellington Management Company LLP

Investment objective – The Fund seeks long-term capital appreciation.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-11.70%		4.63%		14.87%
Class IB		-11.89%		4.37%		14.58%
Russell 2000 Growth Index		-9.31%		5.13%		13.52%

Russell 2000 Growth Index (reflects no deduction for fees, expenses or taxes) is an index of those Russell 2000 Index growth 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.

You cannot invest directly in an index.

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

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.66% and 0.91%, respectively. 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 year ended December 31, 2018.

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

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


		38

Hartford Small Cap Growth HLS Fund

Fund Overview – (continued)

December 31, 2018 (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

How did the Fund perform during the period?

The Class IA shares of Hartford Small Cap Growth HLS Fund returned -11.70% for the twelve-month period ended December 31, 2018, underperforming the Fund’s benchmark, the Russell 2000 Growth Index, which returned -9.31%. For the same period, the Class IA shares of the Fund also underperformed the average return of the Lipper Small-Cap Growth Funds peer group -4.57%, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities, as measured by the S&P 500 Index, posted negative results over the trailing twelve-month period ending December 31, 2018. The U.S. Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the year, in line with expectations, although they signaled a more dovish path heading into 2019. (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.) Bullish sentiment was exceptionally strong to start the year, as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February of 2018 which led to heightened levels of volatility, a theme that continued for the remainder of the year. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This changed in the final months of 2018, when concerns surrounding slowing global growth, rich valuations, rising central bank benchmark interest rates, and capricious U.S. and China trade tensions were at the forefront of investors’ minds. Returns in October and December were sharply negative, with the latter representing the largest U.S. equity market monthly decline seen this decade, culminating the first year of negative U.S. equity returns since 2008.

Returns varied by market-cap, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. Three of the eleven sectors in the Russell 2000 Growth Index had positive returns during the period. Energy (-48%), Materials (-25%), and Industrials (-21%) lagged the broader index, while Information Technology (6%) rose during the period.

Security selection was the primary detractor from the Fund’s performance relative to the Russell 2000 Growth Index. Selection was weakest within the Healthcare, Consumer Discretionary, and Materials sectors, which was partially offset by stronger selection within the Information Technology and Energy sectors. Sector allocation, which is a result of our bottom-up security selection process, contributed positively to performance relative to the Russell 2000 Growth Index driven by underweights to Industrials and Materials and an overweight to Information Technology. An underweight to Utilities detracted from performance relative to the Russell 2000 Growth Index during the period.

Among the top detractors from performance relative to the Russell 2000 Growth Index during the period were JELD-WEN (Industrials), Floor & Decor (Consumer Discretionary) and Altra (Industrials). JELD-WEN is a designer, manufacturer and distributor of doors and aluminum windows. Shares fell after the company’s earnings came in lower than estimates due to difficult conditions in the housing market. Floor & Decor, a surface and flooring company declined during the period over concerns around rising interest rates and slowing housing starts. Shares of Altra, a manufacturer of motion control and transmission products, fell during the period on concerns that tariffs on aluminum and steel could diminish margins. JELD-WEN (Industrials) and Altra (Industrials) were among the top absolute detractors during the period.

Top contributors to performance relative to the Russell 2000 Growth Index during the period included Wingstop (Consumer Discretionary), Etsy (Consumer Discretionary), and MongoDB (Information Technology). Shares of Wingstop, an owner and operator of restaurants and franchises, rose on the back of high same-store sales growth and optimism about the company’s roll out of delivery services in 2019. Shares of Etsy, an e-commerce company, rose during the period on the back of strong sales and revenue growth. The company also raised its revenue guidance and remained active with their share repurchase program. Shares of MongoDB, a database platform company, rose because of strong subscription growth and continued traction in their cloud-hosted database offering. Etsy (Consumer Discretionary) was the top absolute contributor 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.


		39

Hartford Small Cap Growth HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

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

We believe the U.S. economy remains healthy, although leading indicators are suggesting some moderation in growth later in 2019. With unemployment levels low and trending lower, we still believe risks to U.S. inflation are to the upside. Many companies are facing higher labor and material costs creating some uncertainty around profitability. While we were concerned about the possibility of higher oil prices in the last quarter of 2018 given the prospect of Iran sanctions, the waivers granted by the U.S. government actually resulted in oversupply and declining crude prices. However, we believe the subsequent cuts should restore supply demand balance and allow oil prices to find a firmer footing in 2019.

Trade continues to dominate the narrative. In the first quarter of 2019, trade representatives will be starting conversations in China. We are hopeful that a satisfactory agreement will be arrived at, however some supply chain disruption and temporary pauses in capital investment cannot be ruled out. The U.K.’s exit from the E.U. (Brexit) has re-emerged as another near term uncertainty that we have to monitor. On the flip side, the strong employment situation bodes well for the consumer and so far the government shutdown has had little economic impact. Also credit remains benign and does not appear to be a near term headwind to profitability.

We will be watching profitability trends during the first quarter of 2019, particularly in areas seeing inflationary pressures to evaluate the ability for companies to pass on prices and still grow. Given the uncertainty of some of the aforementioned macroeconomic issues, we do expect volatility to remain somewhat elevated despite recent declines in the market.

At the end of the period, the Fund’s largest overweights were to the Information Technology, Consumer Staples, and Financials sectors, while the Fund’s largest underweights were to the communication services, industrial, and Consumer Discretionary sectors, relative to the Russell 2000 Growth Index.

Important Risks

Composition by Sector⁽¹⁾

as of December 31, 2018


Sector	Percentage of Net Assets
Equity Securities
Communication Services		1.2	%
Consumer Discretionary		12.9
Consumer Staples		4.1
Energy		1.5
Financials		12.2
Health Care		25.5
Industrials		15.5
Information Technology		19.5
Materials		2.9
Real Estate		2.8

Total		98.1	%

Short-Term Investments		5.3
Other Assets & Liabilities		(3.4	)

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.


		40

Hartford Small Company HLS Fund

Fund Overview

December 31, 2018 (Unaudited)

Inception 8/09/1996

Sub-advised by Wellington Management Company LLP

Investment objective – The Fund seeks growth of capital.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-4.23%		3.95%		12.13%
Class IB		-4.51%		3.69%		11.85%
Russell 2000 Growth Index		-9.31%		5.13%		13.52%

You cannot invest directly in an index.

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

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


		41

Hartford Small Company HLS Fund

Fund Overview – (continued)

December 31, 2018 (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

How did the Fund perform during the period?

The Class IA shares of Hartford Small Company HLS Fund returned -4.23% for the twelve-month period ended December 31, 2018, outperforming the Fund’s benchmark, the Russell 2000 Growth Index which returned -9.31% for the same period. For the same period, Class IA shares of the Fund also outperformed the -4.58% average return of the Lipper Small-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities, as measured by the S&P 500 Index, posted negative results over the trailing twelve-month period ending December 31, 2018. The U.S. Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the year, in line with expectations, although they signaled a more dovish path heading into 2019. (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.) Bullish sentiment was exceptionally strong to start the year, as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February of 2018, which led to heightened levels of volatility, a theme that continued for the remainder of the year. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This changed in the final months of 2018, when concerns surrounding slowing global growth, rich valuations, rising central bank benchmark interest rates, and capricious U.S. and China trade tensions were at the forefront of investors’ minds. Returns in October and December were sharply negative, with returns in December representing the largest U.S. equity market monthly decline seen this decade, culminating in the first year of negative U.S. equity returns since 2008.

Returns varied by market-cap, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. Three of the eleven sectors in the Russell 2000 Growth Index had positive returns during the period. Energy (-48%), Materials (-25%), and Industrials (-21%) lagged the broader index, while Information Technology (+6%) rose the most during the period.

Stock selection was the main driver of outperformance versus the Russell 2000 Growth Index, primarily due to selection within the Information Technology, Healthcare, and Energy sectors. This was partially offset by weaker selection in the Financials, Consumer

Discretionary and Communication Services sectors, which detracted from performance relative to the Russell 2000 Growth Index. Sector allocation, which is the result of bottom-up stock selection, contributed positively to relative returns, primarily due to an overweight to the Information Technology sector and an underweight to the Industrial sector. This more than offset negative relative performance from an underweight allocation to the Healthcare sector, and an overweight allocation to the Materials sector.

Top contributors to performance relative the Russell 2000 Growth Index during the period included The Trade Desk (Information Technology), Planet Fitness (Consumer Discretionary), and Zebra Technologies (Information Technology). The Trade Desk, a digital advertising platform for media buyers, announced results which exceeded market expectations as more ad dollars continue to shift to digital. We trimmed the Fund’s position through the period but remained overweight to conclude the year. Planet Fitness is a national fitness center operator whose financial results exceeded consensus earnings expectations. The company raised its forward guidance as it grew its footprint and experienced strong growth in its franchise segment; as a result, the stock price of the company rose. We maintained the Fund’s position in the security as of year-end, though we trimmed it throughout the year as it has outperformed. Zebra Technologies, a barcode scanning and radio frequency identification company, was a top contributor in the Information Technology sector. Management is focused on growth and expanding margins with Motorola Solution’s enterprise acquisition now fully integrated, and the company continues to benefit from secular demand as the market increasingly moves from 2 day delivery to 2 hour delivery. Okta (Information Technology) was a top absolute contributor during the period.

Top detractors from performance relative to the Russell 2000 Growth Index during the period included Floor & Decor (Consumer Discretionary), Marriott Vacations Worldwide (Consumer Discretionary), and Tower Semiconductor (Information Technology). Floor & Decor, a surface and flooring company, saw its stock price decline during the period over concerns around rising interest rates and slowing housing starts. The share price of Marriott Vacations Worldwide, a global timeshare operator, fell as rising interest rates and a slowdown in the residential housing market caused sentiment to weigh negatively on the stock. We continued to hold an overweight position in the company as we believe the industry is less cyclical than other areas of consumer discretionary spending, and that the company has attractive growth opportunities with a strong balance sheet and attractive free cash flow yield as of year-end. The stock price of Tower Semiconductor, an Israeli-based manufacturer of analog chips, fell during the period following multiple estimate cuts related to Apple/smartphone supply chain weakness and broader concerns over a cyclical downturn in the industry.


		42

Hartford Small Company HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

We tactically eliminated the position earlier in the year, and then reinitiated the position following further weakness given strong management and an underappreciated secular demand driver as more end markets require the company’s technology. Skyline Champion (Consumer Discretionary) was a 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?

The Russell 2000 Index has corrected -27% peak-to-troughs since late August 2018, with over two-thirds of the index constituents down more than -20%. In our view, this broad based correction seems to be pricing in a late cycle slowdown and is not discriminating between long term, secular growers and companies that will be facing more challenges from this type of environment. While this rapid and steep downturn is disappointing in the near term, we believe it has presented us with an opportunity to both add to high conviction positions as well as to initiate positions in the aforementioned strong, secular growers that may be able to outperform in a challenging, late cycle macro environment. With valuations trading in line with large caps as of year-end, despite better growth prospects, and with consensus earnings growth for small caps expected to accelerate in the second quarter of 2019, we are cautiously optimistic heading into the new year.

At the end of the period, the Fund’s largest overweights were to the Consumer Discretionary, Healthcare, and Information Technology sectors, while the Fund’s largest underweights were to the Industrial, Communication Services, and Utilities sectors, relative to the Russell 2000 Growth Index.

Important Risks

Composition by Sector⁽¹⁾

as of December 31, 2018


Sector	Percentage of Net Assets
Equity Securities
Communication Services		0.8	%
Consumer Discretionary		18.9
Consumer Staples		2.7
Energy		1.5
Financials		7.1
Health Care		27.5
Industrials		12.1
Information Technology		19.6
Materials		3.6
Real Estate		3.4

Total		97.2	%

Short-Term Investments		6.3
Other Assets & Liabilities		(3.5	)

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.


		43

Hartford Stock HLS Fund

Fund Overview

December 31, 2018 (Unaudited)

Inception 8/31/1977

Sub-advised by Wellington Management Company LLP

Investment objective – The Fund seeks long-term growth of capital.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-0.14%		8.01%		13.58%
Class IB		-0.38%		7.74%		13.30%
Russell 1000 Index		-4.78%		8.21%		13.28%

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 capitalization.

You cannot invest directly in an index.

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

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.52% and 0.77%, respectively. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2018.

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


		44

Hartford Stock HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

Portfolio Managers

Donald J. Kilbride

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Manager Discussion

How did the Fund perform during the period?

The Class IA shares of Hartford Stock HLS Fund returned -0.14% for the twelve-month period ended December 31, 2018, outperforming the Fund’s benchmark, the Russell 1000 Index, which returned -4.78% for the same period. For the same period, Class IA shares of the Fund also outperformed the -5.43% average return of the Lipper Large-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities, measured by the S&P 500 Index, posted negative results over the trailing twelve-month period ending December 31, 2018. The Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the year, in line with expectations, although they signaled a more dovish path heading into 2019. (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.) Bullish sentiment was exceptionally strong to start the year, as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February of 2018, which led to heightened levels of volatility, a theme that continued for the remainder of the year. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This changed in the final months of 2018, when concerns surrounding slowing global growth, rich valuations, rising central bank benchmark interest rates, and capricious U.S. and China trade tensions were at the forefront of investors’ minds. Returns in October and December were sharply negative, with the latter representing the largest U.S. equity market monthly decline seen this decade, culminating the first year of negative U.S. equity returns since 2008.

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, only three of the eleven sectors within the Russell 1000 Index rose, led by Healthcare (+6%) and Utilities (+5%). Energy (-19%), Materials (-16%), Industrials (-14%) and Communication Services (-14%) lagged on a relative basis.

The Fund’s outperformance versus the Russell 1000 Index was primarily driven by strong security selection within Consumer Discretionary, Consumer Staples, Materials, and Information Technology sectors. Weaker selection in the Energy sector partially offset positive results. Sector allocation, a residual of the bottom-up stock selection process, detracted from returns relative to the Russell 1000 Index, due primarily

to an underweight allocation to the Information Technology sector and an overweight to the Industrials sector.

Top contributors to performance relative to the Russell 1000 Index during the period included TJX Companies (Consumer Discretionary), Nike (Consumer Discretionary), and American Tower (Real Estate). Shares of TJX Companies, a U.S.-based global-off price apparel and home goods retailer, advanced during the period on strong adjusted earnings per share. Results were strong across the board as sales, gross profit, and operating profit all increased year over year. Nike, a U.S.-based provider of athletic footwear, apparel and accessories, reported strong earnings during the period. The company announced that its new innovation platforms are all working, sales are accelerating across all regions and channels (including the US), gross margins exceeded expectations, and inventory issues are in the rearview mirror. The stock price of American Tower, a U.S.-based owner and operator of wireless communications real estate, rose during the period after management reported another strong period with adjusted earnings per share above consensus estimates. Microsoft (Information Technology) was a top absolute contributor to relative performance during the period.

Stocks that detracted the most from performance relative to the Russell 1000 Index during the period were Amazon (Consumer Discretionary), Schlumberger (Energy), and General Dynamics (Industrials). Not owning benchmark constituent Amazon, a U.S.-based global e-commerce retailer, detracted from performance relative to the Russell 1000 Index as the company reported strong organic growth and rising profit, along with increasing net sales year over year. Shares of Schlumberger, a U.S.-based provider of services and equipment used in drilling, evaluation, completion, production, and maintenance of oil and natural gas wells, fell during the period along with other Energy companies as the price of oil plunged. We trimmed the Fund’s position in Schlumberger in the fourth quarter of 2018. Shares of U.S.-based aerospace and defense company, General Dynamics, fell during the period, along with the Russell 1000 Index, as ongoing trade tensions and China related growth concerns hampered the sector. Colgate-Palmolive (Consumer Staples) was a top absolute detractor from 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?

During the fourth quarter, equity markets in Europe, Japan and the U.S. finally succumbed to the ebbing tide of global liquidity. The effects of the liquidity drought have been rolling through various risk assets around the world throughout the year, so we view the recent equity market turmoil as part of this broader theme rather than a one-off event.

The drop in share prices has presented some opportunities in our view, but on the whole our concerns remain: a levered global economy late in an economic cycle, with intrinsic valuations that are difficult to ascertain,


		45

Hartford Stock HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

suffering through a gradual tightening of liquidity, and buffeted by all sorts of risks such as trade wars and volatile geopolitics. We remain cautious.

Late in the year, we rebalanced the portfolio a bit by taking profits from some strong performers in order to add to existing holdings where we believe that there is higher earnings potential. We will be looking for further opportunities to add new companies to the portfolio if market volatility continues, as we think likely.

We continue to look for companies that can sustainably grow their dividends over time.

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

Important Risks

Composition by Sector⁽¹⁾

as of December 31, 2018


Sector	Percentage of Net Assets
Equity Securities
Consumer Discretionary		11.7	%
Consumer Staples		16.9
Energy		1.8
Financials		12.2
Health Care		17.0
Industrials		19.2
Information Technology		9.2
Materials		4.8
Real Estate		6.4

Total		99.2	%

Short-Term Investments		0.9
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.


		46

Hartford Total Return Bond HLS Fund

Fund Overview

December 31, 2018 (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.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-0.81%		2.79%		4.88%
Class IB		-0.91%		2.55%		4.62%
Bloomberg Barclays U.S. Aggregate Bond Index		0.01%		2.52%		3.48%

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

Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) is composed of securities 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.

You cannot invest directly in an index.

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

As shown in the Fund’s current prospectus dated May 1, 2018, the total annual fund operating expense ratios for Class IA and Class IB were 0.51% and 0.76%, respectively. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2018.

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


		47

Hartford Total Return Bond HLS Fund

Fund Overview – (continued)

December 31, 2018 (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

How did the Fund perform during the period?

The Class IA shares of Hartford Total Return Bond HLS Fund returned -0.81% for the twelve-month period ended December 31, 2018, underperforming the Fund’s benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index, which returned 0.01% for the same period. For the same period, Class IA shares of the Fund also underperformed the -0.53% 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 negative total returns, driven by higher United States (U.S.) and select emerging markets government bond yields and corporate spread widening. Geopolitical uncertainty remained elevated despite some seemingly positive developments, including the U.S. and China temporary trade truce, survived confidence vote by United Kingdom (U.K.) Prime Minister May, and compromised budget plan between Italy and the European Union (EU).

Global monetary policy continued along a less accommodative path during the period. The U.S. Federal Reserve (Fed) increased rates four times and projected additional increases, but set expectations that the pace of tightening may slow. The European Central Bank (ECB) concluded its asset purchase program but announced it would continue reinvestments for an extended period after the first rate increase, slated for the second half of 2019. The Bank of England increased rates once, but later kept them on hold as the U.K. continued to negotiate terms of its exit from the EU (“Brexit”). The Riksbank (Sweden) embarked on a tightening cycle for the first time since 2011, however policy rates still remain below zero. The Bank of Japan amended its yield curve targeting policy to allow longer-term bond yields to fluctuate more freely around its 0% target.

bond yields rose sharply on debt sustainability concerns but declined after the government announced a budget agreement that will allow the country to dodge a painful EU sanctions process.

Over the period, the Japanese yen (JPY) and U.S. dollar (USD) rallied relative to most other currencies. The JPY was the top performer among major currencies as elevated U.S.-China trade uncertainty and global equity market weakness led to safe-haven flows. Sharp currency declines in Turkey and Argentina over the summer sparked emerging markets (EM) contagion fears before policymakers intervened with various stabilization measures. The Chinese renminbi declined as the People’s Bank of China eased monetary policy as part of a moderate step back on the policy-driven deleveraging campaign, especially given the increased downside growth risks due to the prospect of deeper tensions in the U.S.-China bilateral relationship.

The agency mortgage-backed securities (MBS) market returned 0.99% as measured by the Barclays MBS Fixed Rate Index, while underperforming duration equivalent Treasuries by 0.66% (as measured by Wellington Management Company LLP). Bouts of heightened market volatility across global financial markets – particularly in the first and fourth quarters of 2018 – drove credit spreads wider, dragging agency MBS spreads along with them. Still, Agency MBS fared much better than investment-grade corporates in this flight-to-quality environment. Higher coupon conventionals (Fannie Mae (FNMA), Freddie Mac (FHLMC)) lagged the most, especially toward the end of the year when the rally in interest rates sparked prepayment concerns. However, higher coupon Ginnie Mae MBS (GNMA) suffered less, aided by slowing prepayment expectations due to GNMA’s efforts to reign in the aggressive refinancing of mortgage loans guaranteed by the Department of Veterans Affairs. Given their shorter spread durations in a weak environment, 15-year MBS outperformed their 30-year counterparts.

High-yield markets were adversely impacted by both increasing interest rates and widening credit spreads during the year amid a backdrop of ongoing geopolitical uncertainty in Europe and elevated tensions between the U.S. and its trading partners, namely China. High yield held up well during the first three quarters of 2018, but spreads widened sharply during the fourth quarter amid a spike in equity market volatility, lack of progress on key political issues in Europe, and a sharp selloff in energy prices.

The Bloomberg Barclays U.S. Corporate High Yield Index returned -2.08% for the twelve months ended December 31, 2018 and


		48

Hartford Total Return Bond HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

outperformed duration-equivalent Treasuries by -3.58%. The Option-Adjusted Spread (OAS) of the High Yield index was 5.26% on December 31, 2018, wider than twelve months ago (3.43%).

Similar to high yield, bank loans struggled during the fourth quarter, but still managed to generate positive returns for the year. The Credit Suisse Leveraged Loan index returned 1.14% for 2018. Demand for bank loans weakened as a result of expectations for a slower pace of Fed rate increases in 2019. Bank loans had benefited from rate increases due to their floating rate nature.

The primary driver of the Fund’s underperformance versus the Bloomberg Barclays U.S. Aggregate Bond Index was the Fund’s duration positioning, particularly during the fourth quarter; the Fund was primarily positioned for short duration, which overall had a negative impact on performance as rates fell amid a global flight-to-quality. The Fund’s allocation to commercial mortgage-backed securities (CMBS), non-agency Mortgage-Backed Securities (MBS), and positioning within agency MBS had a positive impact on relative returns. An allocation to collateralized loan obligations (CLOs) had a modest positive contribution to performance relative to Bloomberg Barclays U.S. Aggregate Bond Index.

Investment grade (IG) credit positioning, particularly security selection within the Industrials sector, also generated positive returns relative to Bloomberg Barclays U.S. Aggregate Bond Index. The Fund maintained exposure to Treasury Inflation-Protected Securities (TIPS) which detracted from performance relative to Bloomberg Barclays U.S. Aggregate Bond Index during the period as TIPS underperformed duration-equivalent nominal U.S. Treasuries.

The Fund held an underweight to IG credit in favor of bank loans and high yield credit. Allocations to high yield credit and bank loans had a negative impact on results, as those higher-yielding sectors underperformed investment grade credit in the fourth quarter, reversing the outperformance from earlier in the period.

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. The Fund’s currency hedges had an overall positive effect on performance, offsetting the negative effect from non-USD currency exposure in the underlying positions being hedged. The use of interest rate derivatives had an overall negative effect on performance. 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, and these instruments overall had a positive contribution to performance. The High Yield hedges were additive to relative performance while 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 continued to position the Fund with a moderately pro-cyclical risk posture in credit markets, based on what we considered to be positive U.S. economic fundamentals. Inflation expectations declined meaningfully towards the end of the period based on TIPS breakevens (a market-based measure of expected inflation). The Fund’s inflation breakeven positioning is near neutral, but we would consider adding to the position if the interest rate environment stabilizes. The Fund ended the period with an underweight positioning in investment grade credit. The Fund held an overweight to agency MBS and maintained

an out-of-benchmark allocation to select non-agency residential MBS. The Fund also held CMBS and CLOs as of the end of the period based on what we consider to be attractive valuations. Within corporate credit we continued to favor bank loans. The Fund also held high yield and contingent convertibles (CoCos) of large European banks, as well as select exposure to EM debt where valuations appear to be attractive.

Important Risks

Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. 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. • 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. • Privately placed, restricted (Rule 144A) securities may be more difficult to sell and price than other securities.

Composition by Security Type⁽¹⁾

as of December 31, 2018


Category	Percentage of Net Assets
Equity Securities
Common Stocks		0.0	%*
Escrows		0.0	*
Preferred Stocks		0.1
Warrants		0.0	*

Total		0.1	%

Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		34.9	%
Corporate Bonds		28.6
Foreign Government Obligations		1.0
Municipal Bonds		0.9
Senior Floating Rate Interests		2.3
U.S. Government Agencies		59.8
U.S. Government Securities		8.4

Total		135.9	%

Short-Term Investments		0.7
Purchased Options		0.3
Other Assets & Liabilities		(37.0	)

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.


		49

Hartford Ultrashort Bond HLS Fund

Fund Overview

December 31, 2018 (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.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		Since Inception¹
Class IA		1.57%		0.75%		0.72%
Class IB		1.27%		0.50%		0.47%
Bloomberg Barclays Short Treasury 9-12 Month Index		1.91%		0.75%		0.72%

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, 2018.

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

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

You cannot invest directly in an index.

Performance information may reflect historical 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 total annual fund operating expense ratios for Class IA and Class IB were 0.45% and 0.70%, respectively. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2018.

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


		50

Hartford Ultrashort Bond HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

Portfolio Managers

Timothy E. Smith

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Manager Discussion

How did the Fund perform during the period?

The Class IA shares of Hartford Ultrashort Bond HLS Fund returned 1.57% for the twelve-month period ended December 31, 2018, underperforming the Fund’s benchmark, the Bloomberg Barclays Short Treasury 9-12 Month Index, which returned 1.91% for the same period. During the same period, the Class IA shares of the Fund outperformed the 0.52% 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?

Global monetary policy continued along a less accommodative path during the period ended December 31, 2018. The Federal Reserve (Fed) increased rates four times and projected additional increases, but set expectations that the pace of tightening may slow. The European Central Bank (ECB) concluded its asset purchase program but announced it would continue reinvestments for an extended period after the first rate increase, slated for the second half of 2019.

Absolute returns were positive for most securitized sectors but negative for corporate sectors during the year. On an excess return basis (returns over U.S. Treasuries), most major credit risk sectors posted negative returns over the period, with greater underperformance across lower-rated sectors.

Front-end markets (i.e. credit with shorter-dated maturities) largely generated positive total returns, aided by coupon income and more modest spread widening compared to their longer-dated peers.

The Fund underperformed the Bloomberg Barclays Short Treasury 9-12 Month Index, primarily due to an out of benchmark allocation to investment grade corporate credit in the Financials sector. Conversely,

the Fund’s shorter duration versus the Bloomberg Barclays Short Treasury 9-12 Month Index and its yield curve positioning contributed positively to 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?

At the end of the period, the Fund was positioned with a moderately pro-cyclical risk posture, favoring the credit and securitized sectors. We expect U.S. economic growth to decelerate in 2019, but the risk of recession is low in our view. We believe that growth will be underpinned by the consumer, the labor market, and fiscal policy – the strongest parts of the economy. We believe U.S. inflation may trend higher. Global central bank policy normalization and trade tensions could continue to be a source of market volatility.

We expect the Fed to be increasingly data dependent. The Fed’s median forecast at their December meeting was for two rate increases in 2019 and one in 2020; however, recent Federal Open Market Committee (FOMC) rhetoric indicates the pace of tightening could slow. It appears that tightening financial conditions and signs of spillover to the real economy have caught the Fed’s attention. As a result, we believe the Fed is effectively on hold. The bond market now appears to be pricing in a small probability of a rate cut over the next twelve months, though we believe this is less likely. As a result, the portfolio is positioned with a short duration bias.

As of the end of the period, the Fund continued to be positioned with out-of-benchmark allocations to investment grade corporates, asset-backed securities (ABS), and mortgage-backed securities. Within investment grade corporates, we favor U.S. banks, as balance sheets are less risky on improved capital ratios and regulation in our view. Within ABS, we favor auto, credit card and equipment deals. As of the end of the period, the Fund also continued to hold government agency debt because we believe it is attractively valued relative to U.S. Treasuries.

Important Risks

Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. 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.


		51

Hartford Ultrashort Bond HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

• Privately placed, restricted (Rule 144A) 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, 2018


Category	Percentage of Net Assets
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		31.6	%
Corporate Bonds		38.5
Municipal Bonds		0.3
U.S. Government Agencies		4.6
U.S. Government Securities		18.9

Total		93.9	%

Short-Term Investments		7.4
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.


		52

Hartford U.S. Government Securities HLS Fund

Fund Overview

December 31, 2018 (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.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		0.85%		1.61%		2.20%
Class IB		0.55%		1.37%		1.94%
Bloomberg Barclays Intermediate Government Bond Index		1.43%		1.46%		1.83%

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

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

You cannot invest directly in an index.

As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA and Class IB were 0.51% and 0.76%, respectively. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2018.

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


		53

Hartford U.S. Government Securities HLS Fund

Fund Overview – (continued)

December 31, 2018 (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.

Manager Discussion

How did the Fund perform during the period?

The Class IA shares of Hartford U.S. Government Securities HLS Fund returned 0.85% for the twelve-month period ended December 31, 2018, underperforming the Fund’s benchmark, the Bloomberg Barclays Intermediate Government Bond Index, which returned 1.43% for the same period. During the same period, Class IA shares of the Fund outperformed the 0.73% average return of the Lipper Intermediate U.S. Government Funds peer group, a group of funds that invest primarily in U.S. government and agency issues.

Why did the Fund perform this way?

U.S. fixed income markets largely generated negative total returns during the period, driven by corporate spread widening and higher yields as measured by the Bloomberg Barclays Global Aggregate Index. Geopolitical uncertainty remained elevated despite some seemingly positive developments, including U.S. and China temporary trade truce, survived confidence vote by United Kingdom (UK) Prime Minister May, and compromised budget plan between Italy and the European Union (EU).

Absolute returns were positive for most securitized sectors but negative for corporate sectors during the year. On an excess return basis, relative to duration-equivalent Treasuries, most major credit risk sectors posted negative returns over the period, with greater underperformance across lower-rated sectors.

The agency Mortgage-Backed Securities (MBS) market returned 0.99% as measured by the Barclays MBS Fixed Rate Index, while underperforming duration equivalent Treasuries by 0.66% (as measured by Wellington Management Company LLP). Bouts of heightened market

volatility across global financial markets – particularly in the first and fourth quarters of 2018 – drove credit spreads wider, dragging agency MBS spreads along with them. Still, Agency MBS fared much better than investment-grade corporates in this flight to quality environment. Higher coupon conventionals (Fannie Mae (FNMA), Freddie Mac (FHLMC)) lagged the most, especially toward the end of the year when the rally in interest rates sparked prepayment concerns. However, higher coupon Ginnie Mae (GNMA) MBS suffered less, aided by slowing prepayment expectations due to GNMA’s efforts to reign in the aggressive refinancing of mortgage loans guaranteed by the Department of Veterans Affairs. Given their shorter spread durations in a weak environment, 15-year MBS outperformed their 30-year counterparts.

Out-of-benchmark allocations to U.S. Treasury Inflation-Protected Securities (TIPS) and agency MBS) pass-throughs were the primary drivers of underperformance relative to the Bloomberg Barclays U.S. Intermediate Government Bond Index over the period. This was partially offset by positive effects from out-of-benchmark allocations to multi-family Fannie Mae Delegated Underwriting and Servicing Bonds (FNMA DUS), Collateralized Mortgage Obligations (CMOs) and asset-backed securities (ABS). An allocation to non-agency residential mortgage-backed securities (RMBS) also contributed modestly, while an allocation to commercial mortgage-backed securities (CMBS) had a neutral impact. During the period, we used Treasury futures and interest rate swaps to manage the Fund’s duration and yield curve exposures; overall, these components had a positive impact on absolute performance over the period.

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

As of the end of the period, the Fund was overweight agency MBS relative to the Fund’s benchmark. We have a bias toward assets that generate income and provide more stable cash flows in our view, such as FNMA DUS, agency CMOs and high quality securitized credit such as CMBS, non-agency RMBS, and ABS.

Valuations in MBS are fair to slightly cheap in our view. We believe mortgages have become more attractive as spreads relative to Treasuries are well off their narrowest point in 2017.

From a technical perspective, the Fed’s balance sheet normalization process is expected to bring predictable, extra supply to the market. Given the out of the money status of the majority of the MBS market, paydowns may remain below the monthly $20 billion cap. We believe agency MBS spreads are likely to be supported by growth in the Federal budget deficit as the supply of Treasuries is set to rise relative to agency MBS. Additionally, we believe MBS may continue to benefit from lower leverage in the system and a more stable buyer-base of long-term investors who do not hedge.


		54

Hartford U.S. Government Securities HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

We have a constructive outlook on most non-agency RMBS, given the healthy U.S. housing market and positive technical tailwinds. We believe valuations have cheapened amid the broader macro volatility, though decelerating U.S. growth in 2019 could affect spreads. Securitizations in non-traditional sectors, such as re-securitizations and non-qualified mortgages, are attractive opportunities in our view.

Our longer-term CMBS outlook is constructive due to favorable commercial Real Estate and economic fundamentals. We believe areas of structural weakness exist, such as retail and oil-patch regions, requiring judicious credit analysis and security selection. We favor FHLMC multi-family and single-asset single-borrower deals, as well as interest-only tranches from conduit deals.

We are constructive on the ABS sector based on what we consider to be the strength of the U.S. consumer, but we are being selective as the credit cycle matures. Lenders are passing on higher borrowing costs to consumers, which could slow activity; however, positive fundamentals (low unemployment, increasing wages, benign inflation) may be supportive of collateral performance. We maintained the Fund’s allocations to the traditional ABS sectors given our favorable view of the U.S. consumer. We believe there are also attractive opportunities in niche subsectors, including unsecured consumer loans, fleet lease deals, and other select esoteric debt sectors.

Important Risks

Investing involves risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. 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. • Privately placed, restricted (Rule 144A) securities may be more difficult to sell and price than other securities.

Composition by Security Type⁽¹⁾

as of December 31, 2018


Category	Percentage of Net Assets
Fixed Income Securities
Asset & Commercial Mortgage Backed Securities		15.2	%
U.S. Government Agencies		64.1
U.S. Government Securities		22.7

Total		102.0	%

Short-Term Investments		3.0
Other Assets & Liabilities		(5.0	)

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.


		55

Hartford Value HLS Fund

Fund Overview

December 31, 2018 (Unaudited)

Inception 4/30/2001

Sub-advised by Wellington Management Company LLP

Investment objective – The Fund seeks long-term total return.

LOGO

Average Annual Total Returns

for the Periods Ending 12/31/18


	1 Year		5 Years		10 Years
Class IA		-10.18%		4.94%		10.63%
Class IB		-10.40%		4.66%		10.35%
Russell 1000 Value Index		-8.27%		5.95%		11.18%

You cannot invest directly in an index.

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. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the year ended December 31, 2018.

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


		56

Hartford Value HLS Fund

Fund Overview – (continued)

December 31, 2018 (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

How did the Fund perform during the period?

The Class IA shares of Hartford Value HLS Fund returned -10.18% for the twelve-month period ended December 31, 2018, underperforming the Fund’s benchmark, the Russell 1000 Value Index, which returned -8.27% for the same period. For the same period, Class IA shares of the Fund underperformed the -8.19% average return of the Lipper Large Cap Value Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

U.S. equities, as measured by the S&P 500 Index, posted negative results over the trailing twelve-month period ending December 31, 2018. The Federal Reserve (Fed) raised its benchmark interest rate by 0.25% four times during the twelve-month period, in line with expectations, although they signaled a more dovish path heading into 2019. (“Dovish” describes a monetary policy that favors lower interest rates to encourage economic growth.) Bullish sentiment was exceptionally strong to start the year, as better-than-expected corporate profits helped drive U.S. equities higher. Signs of inflation entered the market in February which led to heightened levels of volatility, a theme that continued for the remainder of the year. By the summer of 2018, talk of tariffs and trade wars had progressed to implementation, raising concerns in an otherwise strong economy. Nonetheless, positive sentiment persisted, fueled by robust earnings growth, fiscal stimulus, the announcement of a preliminary trade deal between the U.S. and Mexico, and expectations for stronger U.S. economic growth relative to other regions of the world. This changed in the final months of 2018, when concerns surrounding slowing global growth, rich valuations, rising central bank benchmark interest rates, and capricious U.S. and China trade tensions were at the forefront of investors’ minds. Returns in October and December were sharply negative, with the latter representing the largest U.S. equity market monthly decline seen this decade, culminating the first year of negative U.S. equity returns since 2008.

During the period, returns varied by market-cap, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. During the twelve-month period, two of the eleven sectors within the Russell 1000 Value Index rose, led by Healthcare (+8%) and Utilities (+5%). Industrials (-19%), Energy (-18%), and Materials (-17%) lagged on a relative basis.

The Fund’s underperformance versus the Russell 1000 Value Index during the period was primarily driven by weak security selection, most notably within the Consumer Staples, Financials, and Consumer

Discretionary sectors. Negative performance was partially offset by strong security selection within the Information Technology, Communication Services, and Healthcare sectors. Sector allocation, a residual of the bottom up stock selection process, was a modest contributor to relative performance mainly driven by the overweight position in the Information Technology sector and the underweight position in the Consumer Staples sector.

The Fund’s top detractors from returns relative to the Russell 1000 Value Index over the period were Invesco (Financials), Pfizer (Healthcare), and Halliburton (Energy). Shares of Invesco, a U.S.-based investment manager, struggled during the period. This was due to broad market weakness, weak fund flows, and uncertainty about the impact of their recent acquisition of Oppenheimer. Pfizer is a multinational pharmaceutical company that is not held in the portfolio. The stock remained flat due to strong earnings and its more defensive orientation during a bout of market weakness. Not owning this benchmark constituent during the period weighed on relative performance. Shares of Halliburton, a U.S.-based oilfield services company, declined in line with the Energy sector as it experienced weakness from OPEC oversupply and a related drop in the oil price. We continued to hold this stock at the end of the period. Top absolute detractors during the period included Citigroup (Financials) and Philip Morris (Consumer Staples).

The largest contributors to returns relative to the Russell 1000 Value Index were Eli Lilly (Healthcare), XL Group (Financials), and General Electric (Industrials). Shares of Eli Lilly, a U.S.-based pharmaceutical company, rose during the period on strong earnings that beat consensus expectations. The firm’s new diabetes drug, Trulicity, was approved this year and will provide a new source of incremental revenue growth for the firm. We continue to hold the Fund’s position in this stock at the end of the period. Shares of XL Group, a global insurance and reinsurance company, rose sharply after the company agreed to be acquired by France-based insurer AXA. We sold the stock once it reached our valuation target. Not owning shares of benchmark constituent General Electric, a U.S.-based global Industrials conglomerate, for most of the period contributed positively to returns relative to the Russell 1000 Value Index, as the stock struggled on a host of execution and legacy issues that ultimately saw the dividend cut and the CEO terminated. We eliminated this stock in a position of strength early in the period. Top absolute contributors during the period included Merck (Healthcare) and Eli Lilly (Healthcare).

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.


		57

Hartford Value HLS Fund

Fund Overview – (continued)

December 31, 2018 (Unaudited)

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

Economic updates remained solid during the fourth quarter, but rising uncertainty on a range of issues contributed to a deterioration in investor sentiment. Job growth remained steady through the end of the year and the unemployment rate remained below 4% as of December 31, 2018. Consumer confidence and retail sales have remained strong throughout the year, and initial reports from the holiday season have been solid. Inflation remained benign as of year-end, partly thanks to lower oil prices, which we believe may benefit the consumer in 2019. The Fed highlighted in December that wages have started to increase which we believe may also help the U.S. consumer, but may also serve as a source of margin pressure in several domestic industries.

Company results for the third quarter were solid. However, the market traded lower due to the potential negative implications of a trade war between the U.S. and China, additional Fed Funds rate increases, the U.K.’s exit from the E.U. (“Brexit”), and the U.S. government shut-down at the end of December.

Given the increase in economic uncertainty, we are tightly monitoring business confidence and the potential negative impact on 2019 corporate spending plans. We expect continued volatility in the near term, and we’re evaluating new opportunities in companies where stock price moves appear overdone, offering attractive valuations in multiple economic scenarios in our view.

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

Important Risks

Composition by Sector⁽¹⁾

as of December 31, 2018


Sector	Percentage of Net Assets
Equity Securities
Communication Services		6.2	%
Consumer Discretionary		4.2
Consumer Staples		6.2
Energy		10.6
Financials		23.3
Health Care		16.3
Industrials		8.3
Information Technology		11.9
Materials		3.7
Real Estate		3.1
Utilities		4.7

Total		98.5	%

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.


		58

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, 2018 through December 31, 2018. 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, 2018		Ending Account Value December 31, 2018		Expenses paid during the period July 1, 2018 through December 31, 2018		Beginning Account Value July 1, 2018		Ending Account Value December 31, 2018		Expenses paid during the period July 1, 2018 through December 31, 2018		Annualized expense ratio
Hartford Balanced HLS Fund

Class IA	$	1,000.00	$	945.50	$	3.09	$	1,000.00	$	1,022.03	$	3.21		0.63	%
Class IB	$	1,000.00	$	944.10	$	4.31	$	1,000.00	$	1,020.77	$	4.48		0.88	%

Hartford Capital Appreciation HLS Fund

Class IA	$	1,000.00	$	901.10	$	3.21	$	1,000.00	$	1,021.83	$	3.41		0.67	%
Class IB	$	1,000.00	$	900.00	$	4.41	$	1,000.00	$	1,020.57	$	4.69		0.92	%
Class IC	$	1,000.00	$	898.80	$	5.60	$	1,000.00	$	1,019.31	$	5.96		1.17	%

Hartford Disciplined Equity HLS Fund

Class IA	$	1,000.00	$	945.20	$	3.78	$	1,000.00	$	1,021.32	$	3.92		0.77	%
Class IB	$	1,000.00	$	943.70	$	5.00	$	1,000.00	$	1,020.06	$	5.19		1.02	%

Hartford Dividend and Growth HLS Fund

Class IA	$	1,000.00	$	952.40	$	3.35	$	1,000.00	$	1,021.78	$	3.47		0.68	%
Class IB	$	1,000.00	$	951.60	$	4.57	$	1,000.00	$	1,020.52	$	4.74		0.93	%

Hartford Global Growth HLS Fund

Class IA	$	1,000.00	$	891.60	$	3.81	$	1,000.00	$	1,021.17	$	4.08		0.80	%
Class IB	$	1,000.00	$	890.30	$	5.00	$	1,000.00	$	1,019.91	$	5.35		1.05	%

Hartford Growth Opportunities HLS Fund

Class IA	$	1,000.00	$	876.00	$	3.07	$	1,000.00	$	1,021.93	$	3.31		0.65	%
Class IB	$	1,000.00	$	874.90	$	4.25	$	1,000.00	$	1,020.67	$	4.58		0.90	%
Class IC	$	1,000.00	$	873.90	$	5.43	$	1,000.00	$	1,019.41	$	5.85		1.15	%

Hartford Healthcare HLS Fund

Class IA	$	1,000.00	$	921.20	$	4.31	$	1,000.00	$	1,020.72	$	4.53		0.89	%
Class IB	$	1,000.00	$	919.60	$	5.52	$	1,000.00	$	1,019.46	$	5.80		1.14	%


		59

Hartford HLS Funds

Expense Examples (Unaudited) – (continued)


	Actual Return						Hypothetical (5% return before expenses)
	Beginning Account Value July 1, 2018		Ending Account Value December 31, 2018		Expenses paid during the period July 1, 2018 through December 31, 2018		Beginning Account Value July 1, 2018		Ending Account Value December 31, 2018		Expenses paid during the period July 1, 2018 through December 31, 2018		Annualized expense ratio

Hartford High Yield HLS Fund

Class IA	$	1,000.00	$	970.30	$	3.77	$	1,000.00	$	1,021.37	$	3.87		0.76	%
Class IB	$	1,000.00	$	969.40	$	5.01	$	1,000.00	$	1,020.11	$	5.14		1.01	%

Hartford International Opportunities HLS Fund

Class IA	$	1,000.00	$	842.00	$	3.44	$	1,000.00	$	1,021.48	$	3.77		0.74	%
Class IB	$	1,000.00	$	840.80	$	4.59	$	1,000.00	$	1,020.22	$	5.04		0.99	%

Hartford MidCap HLS Fund

Class IA	$	1,000.00	$	860.90	$	3.24	$	1,000.00	$	1,021.73	$	3.52		0.69	%
Class IB	$	1,000.00	$	860.10	$	4.41	$	1,000.00	$	1,020.47	$	4.79		0.94	%

Hartford MidCap Growth HLS Fund

Class IA	$	1,000.00	$	864.20	$	4.28	$	1,000.00	$	1,020.62	$	4.63		0.91	%
Class IB	$	1,000.00	$	863.00	$	5.45	$	1,000.00	$	1,019.36	$	5.90		1.16	%

Hartford MidCap Value HLS Fund

Class IA	$	1,000.00	$	847.60	$	3.96	$	1,000.00	$	1,020.92	$	4.33		0.85	%
Class IB	$	1,000.00	$	846.20	$	5.12	$	1,000.00	$	1,019.66	$	5.60		1.10	%

Hartford Small Cap Growth HLS Fund

Class IA	$	1,000.00	$	812.20	$	2.92	$	1,000.00	$	1,021.98	$	3.26		0.64	%
Class IB	$	1,000.00	$	811.30	$	4.06	$	1,000.00	$	1,020.72	$	4.53		0.89	%

Hartford Small Company HLS Fund

Class IA	$	1,000.00	$	848.80	$	3.68	$	1,000.00	$	1,021.22	$	4.02		0.79	%
Class IB	$	1,000.00	$	847.30	$	4.84	$	1,000.00	$	1,019.96	$	5.30		1.04	%

Hartford Stock HLS Fund

Class IA	$	1,000.00	$	979.60	$	2.54	$	1,000.00	$	1,022.64	$	2.60		0.51	%
Class IB	$	1,000.00	$	978.50	$	3.79	$	1,000.00	$	1,021.37	$	3.87		0.76	%

Hartford Total Return Bond HLS Fund

Class IA	$	1,000.00	$	1,007.10	$	2.58	$	1,000.00	$	1,022.64	$	2.60		0.51	%
Class IB	$	1,000.00	$	1,006.10	$	3.84	$	1,000.00	$	1,021.37	$	3.87		0.76	%

Hartford Ultrashort Bond HLS Fund

Class IA	$	1,000.00	$	1,009.60	$	2.23	$	1,000.00	$	1,022.99	$	2.24		0.44	%
Class IB	$	1,000.00	$	1,007.70	$	3.49	$	1,000.00	$	1,021.73	$	3.52		0.69	%

Hartford U.S. Government Securities HLS Fund

Class IA	$	1,000.00	$	1,013.40	$	2.69	$	1,000.00	$	1,022.53	$	2.70		0.53	%
Class IB	$	1,000.00	$	1,012.40	$	3.96	$	1,000.00	$	1,021.27	$	3.97		0.78	%

Hartford Value HLS Fund

Class IA	$	1,000.00	$	909.00	$	3.42	$	1,000.00	$	1,021.63	$	3.62		0.71	%
Class IB	$	1,000.00	$	907.30	$	4.62	$	1,000.00	$	1,020.37	$	4.89		0.96	%


		60

Hartford Balanced HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 65.1%
		Banks - 6.2%
	1,094,340	Bank of America Corp.	$	26,964,538
	443,280	Citigroup, Inc.		23,077,157
	349,610	JP Morgan Chase & Co.		34,128,928
	133,650	PNC Financial Services Group, Inc.		15,625,021
	443,120	Wells Fargo & Co.		20,418,970

				120,214,614

		Capital Goods - 4.9%
	149,520	Caterpillar, Inc.		18,999,506
	232,150	Eaton Corp. plc		15,939,419
	339,910	Fortune Brands Home & Security, Inc.		12,913,181
	148,290	Ingersoll-Rand plc		13,528,497
	68,510	Lockheed Martin Corp.		17,938,658
	160,670	United Technologies Corp.		17,108,142

				96,427,403

		Consumer Durables & Apparel - 0.5%
	267,050	Newell Brands, Inc.		4,964,459
	242,600	Skechers USA, Inc. Class A*		5,553,114

				10,517,573

		Consumer Services - 0.8%
	203,816	Hilton Worldwide Holdings, Inc.		14,633,989

		Diversified Financials - 0.5%
	580,530	Invesco Ltd.		9,718,072

		Energy - 4.0%
	101,640	Concho Resources, Inc.*		10,447,576
	150,610	EOG Resources, Inc.		13,134,698
	313,690	Exxon Mobil Corp.		21,390,521
	393,430	Halliburton Co.		10,457,369
	86,710	Pioneer Natural Resources Co.		11,404,099
	393,440	Suncor Energy, Inc.		11,004,517

				77,838,780

		Food & Staples Retailing - 0.8%
	516,760	US Foods Holding Corp.*		16,350,286

		Food, Beverage & Tobacco - 2.2%
	283,186	Kraft Heinz Co.		12,188,325
	334,320	Mondelez International, Inc. Class A		13,382,830
	268,170	Philip Morris International, Inc.		17,903,029

				43,474,184

		Health Care Equipment & Services - 5.5%
	65,500	Anthem, Inc.		17,202,265
	383,270	Boston Scientific Corp.*		13,544,762
	373,230	Koninklijke Philips N.V.		13,085,253
	249,815	Medtronic plc		22,723,172
	110,260	UnitedHealth Group, Inc.		27,467,971
	107,330	Universal Health Services, Inc. Class B		12,510,385

				106,533,808

		Household & Personal Products - 0.7%
	269,680	Unilever N.V. ADR		14,508,784

		Insurance - 2.4%
	412,020	American International Group, Inc.		16,237,708
	184,240	Intact Financial Corp.		13,386,146
	216,040	Marsh & McLennan Cos., Inc.		17,229,190

				46,853,044

		Materials - 2.5%
	435,700	DowDuPont, Inc.		23,301,236
	190,720	FMC Corp.		14,105,651
	299,910	Sealed Air Corp.		10,448,865

				47,855,752


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 65.1% - (continued)
		Media & Entertainment - 5.3%
	58,845	Alphabet, Inc. Class C*	$	60,940,470
	924,030	Comcast Corp. Class A		31,463,222
	458,180	Viacom, Inc. Class B		11,775,226

				104,178,918

		Pharmaceuticals, Biotechnology & Life Sciences - 7.1%
	117,080	Allergan plc		15,648,913
	450,710	AstraZeneca plc ADR		17,117,966
	398,020	Bristol-Myers Squibb Co.		20,689,079
	126,130	Eisai Co., Ltd.		9,764,962
	239,520	Eli Lilly & Co.		27,717,254
	90,100	Nektar Therapeutics*		2,961,587
	188,520	Novartis AG		16,145,643
	66,825	Roche Holding AG		16,589,897
	74,070	Vertex Pharmaceuticals, Inc.*		12,274,140

				138,909,441

		Real Estate - 1.0%
	178,010	Crown Castle International Corp. REIT		19,337,226

		Retailing - 4.1%
	11,702,200	Allstar Co.*^(1)(2)(3)		2,457,462
	10,500	Booking Holdings, Inc.*		18,085,410
	153,060	Home Depot, Inc.		26,298,769
	691,040	Qurate Retail, Inc.*		13,489,101
	340,860	TJX Cos., Inc.		15,250,076
	67,006	Tory Burch LLC*^(1)(2)(3)		3,731,574

				79,312,392

		Semiconductors & Semiconductor Equipment - 5.4%
	212,220	Analog Devices, Inc.		18,214,842
	60,010	Broadcom, Inc.		15,259,343
	495,870	Intel Corp.		23,271,179
	90,240	KLA-Tencor Corp.		8,075,578
	249,700	Maxim Integrated Products, Inc.		12,697,245
	476,470	QUALCOMM, Inc.		27,115,908

				104,634,095

		Software & Services - 3.1%
	601,450	Microsoft Corp.		61,089,276

		Technology Hardware & Equipment - 3.8%
	86,640	Apple, Inc.		13,666,594
	631,790	Cisco Systems, Inc.		27,375,461
	229,160	NetApp, Inc.		13,673,977
	3,167,170	Nokia Oyj		18,385,789

				73,101,821

		Telecommunication Services - 1.6%
	548,420	Verizon Communications, Inc.		30,832,172

		Transportation - 1.1%
	152,800	Union Pacific Corp.		21,121,544

		Utilities - 1.6%
	179,920	Dominion Energy, Inc.		12,857,083
	104,920	NextEra Energy, Inc.		18,237,195

				31,094,278


		Total Common Stocks (cost $1,074,465,760)	$	1,268,537,452


ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 3.7%
		Asset-Backed - Automobile - 0.4%
$	206,607	ARI Fleet Lease Trust 1.91%, 04/15/2026	$	205,115
	655,000	Canadian Pacer Auto Receivables Trust 2.05%, 03/19/2021		650,382
		Chesapeake Funding LLC
	925,019	1.91%, 08/15/2029		913,090

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


		61

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†

ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 3.7% - (continued)
		Asset-Backed - Automobile - 0.4% - (continued)
$	671,288	1 mo. USD LIBOR + 0.450%, 2.91%, 05/15/2029⁽⁴⁾	$	672,462
	803,726	1 mo. USD LIBOR + 1.000%, 3.46%, 06/15/2028⁽⁴⁾		805,744
		Enterprise Fleet Financing LLC
	591,879	1.97%, 01/20/2023		587,300
	265,487	2.13%, 07/20/2022		263,917
	775,023	2.13%, 05/22/2023		768,167
		First Investors Auto Owner Trust
	125,354	1.86%, 10/15/2021		124,754
	501,000	2.00%, 03/15/2022		498,628
	645,000	OneMain Direct Auto Receivables Trust 2.31%, 12/14/2021		641,021
		Securitized Term Auto Receivables Trust
	445,860	1.52%, 03/25/2020		444,414
	550,000	2.04%, 04/26/2021		544,038
		Wheels SPV LLC
	55,420	1.59%, 05/20/2025		55,270
	505,264	1.88%, 04/20/2026		501,303

				7,675,605

		Asset-Backed - Finance & Insurance - 2.1%
	2,374,748	Ajax Mortgage Loan Trust 3.16%, 09/25/2056⁽⁵⁾		2,343,998
	1,780,000	ALM VI Ltd. 3 mo. USD LIBOR + 1.400%, 3.84%, 07/15/2026⁽⁴⁾		1,739,836
	3,480,000	Atlas Senior Loan Fund Ltd. 3 mo. USD LIBOR + 1.300%, 3.74%, 01/16/2030⁽⁴⁾		3,462,109
	1,148,522	Bayview Koitere Fund Trust 3.50%, 07/28/2057⁽⁵⁾		1,138,430
		Bayview Opportunity Master Fund Trust
	600,707	3.50%, 01/28/2055⁽⁵⁾		595,384
	630,009	3.50%, 06/28/2057⁽⁵⁾		624,339
	594,228	4.00%, 11/28/2053⁽⁵⁾		596,249
	818,072	4.00%, 10/28/2064⁽⁵⁾		820,719
	3,500,000	CIFC Funding Ltd. 3 mo. USD LIBOR + 1.050%, 3.54%, 04/24/2030⁽⁴⁾		3,445,085
		Ford Credit Floorplan Master Owner Trust
	2,575,000	1.75%, 07/15/2021		2,556,174
	430,000	2.09%, 03/15/2022		425,090
		GreatAmerica Leasing Receivables Funding LLC
	1,040,000	2.36%, 01/20/2023		1,031,786
	470,000	2.60%, 06/15/2021		467,479
	332,000	2.83%, 06/17/2024		331,083
	1,465,000	KKR Clo 17 Ltd. 3 mo. USD LIBOR + 1.340%, 3.78%, 04/15/2029⁽⁴⁾		1,458,454
	2,635,000	Madison Park Funding Ltd. 3 mo. USD LIBOR + 0.750%, 3.19%, 04/15/2029⁽⁴⁾		2,569,786
	2,690,000	Magnetite VII Ltd. 3 mo. USD LIBOR + 0.800%, 3.24%, 01/15/2028⁽⁴⁾		2,639,697
		Magnetite XVIII Ltd.
	1,443,000	3 mo. USD LIBOR + 1.080%, 3.70%, 11/15/2028⁽⁴⁾		1,436,609
	1,615,000	3 mo. USD LIBOR + 1.500%, 4.07%, 11/15/2028⁽⁴⁾		1,583,659
		MMAF Equipment Finance LLC
	75,281	1.73%, 05/18/2020		75,157
	665,000	2.21%, 10/17/2022		654,711
	1,000,000	2.21%, 12/15/2032		973,751
	182,092	Nationstar HECM Loan Trust 2.04%, 09/25/2027⁽⁵⁾		181,393
		OneMain Financial Issuance Trust
	440,000	3.66%, 02/20/2029		440,799
	224,164	4.10%, 03/20/2028		224,691
	1,565,000	SBA Tower Trust 2.90%, 10/15/2044⁽⁶⁾		1,555,775
		Springleaf Funding Trust
	429,758	2.90%, 11/15/2029		427,260
	443,458	3.16%, 11/15/2024		442,846


Shares or Principal Amount			Market Value^†

ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 3.7% - (continued)
		Asset-Backed - Finance & Insurance - 2.1% - (continued)
$	755,000	3.48%, 05/15/2028	$	752,562
	615,000	SPS Servicer Advance Receivables Trust 3.62%, 10/17/2050		617,528
		Towd Point Mortgage Trust
	1,080,003	2.75%, 10/25/2056⁽⁵⁾		1,056,463
	276,194	2.75%, 04/25/2057⁽⁵⁾		270,107
	790,287	2.75%, 06/25/2057⁽⁵⁾		768,936
	384,127	3.00%, 01/25/2058⁽⁵⁾		377,110
	2,635,000	Treman Park CLO Ltd. 3 mo. USD LIBOR + 1.070%, 3.54%, 10/20/2028⁽⁴⁾		2,625,440
	808,208	Vantage Data Centers Issuer LLC 4.07%, 02/16/2043		809,825

				41,520,320

		Commercial Mortgage - Backed Securities - 0.6%
	840,000	BAMLL Commercial Mortgage Securities Trust 4.09%, 08/10/2038⁽⁵⁾		872,552
		CSAIL Commercial Mortgage Trust
	2,000,000	3.50%, 06/15/2057		1,998,940
	3,400,000	3.51%, 04/15/2050		3,408,626
	2,220,000	CSMC Trust 2.76%, 04/05/2033		2,200,426
		FREMF Mortgage Trust
	230,000	3.15%, 04/25/2046⁽⁵⁾		229,506
	385,000	3.36%, 05/25/2045⁽⁵⁾		384,615
	1,015,000	4.08%, 09/25/2025⁽⁵⁾		1,012,857
	525,000	5.50%, 04/25/2020⁽⁵⁾		538,551
	710,000	JP Morgan Chase Commercial Mortgage Securities Trust 3.91%, 01/15/2049		725,734
	1,000,000	SFAVE Commercial Mortgage Securities Trust 4.14%, 01/05/2043⁽⁵⁾		939,792

				12,311,599

		Other ABS - 0.2%
	1,226,479	AASET US Ltd. 4.45%, 11/16/2038		1,238,951
	1,225,000	BlueMountain CLO Ltd. 3 mo. USD LIBOR + 1.450%, 4.10%, 11/20/2028⁽⁴⁾		1,190,596
	1,797,395	SoFi Consumer Loan Program Trust 3.54%, 11/26/2027		1,799,316

				4,228,863

		Whole Loan Collateral CMO - 0.4%
	349,605	Angel Oak Mortgage Trust LLC 2.71%, 11/25/2047⁽⁵⁾		346,792
		COLT Mortgage Loan Trust
	625,940	2.93%, 02/25/2048⁽⁵⁾		618,771
	521,024	3.69%, 10/26/2048⁽⁵⁾		520,467
		Deephaven Residential Mortgage Trust
	446,928	2.45%, 06/25/2047⁽⁵⁾		439,564
	370,653	2.58%, 10/25/2047⁽⁵⁾		365,929
	169,828	2.73%, 12/26/2046⁽⁵⁾		168,149
	605,181	2.98%, 12/25/2057⁽⁵⁾		599,388
	258,964	Finance of America Structured Securities Trust 2.32%, 11/25/2027⁽⁵⁾		258,806
	750,341	MetLife Securitization Trust 3.00%, 04/25/2055⁽⁵⁾		738,475
		Mill City Mortgage Loan Trust
	331,603	2.50%, 04/25/2057⁽⁵⁾		324,470
	855,653	2.75%, 01/25/2061⁽⁵⁾		835,985
	1,025,665	New Residential Mortgage Loan Trust 4.00%, 04/25/2057⁽⁵⁾		1,031,852
	743,918	Towd Point Mortgage Trust 2.25%, 04/25/2056⁽⁵⁾		726,839

				6,975,487


		Total Asset & Commercial Mortgage Backed Securities (cost $73,973,899)	$	72,711,874

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


		62

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 18.4%
		Aerospace/Defense - 0.2%
$	850,000	BAE Systems Holdings, Inc. 3.85%, 12/15/2025	$	842,713
		Lockheed Martin Corp.
	500,000	4.07%, 12/15/2042		477,093
	256,000	4.50%, 05/15/2036		264,148
	560,000	4.85%, 09/15/2041		595,601
	685,000	United Technologies Corp. 3.95%, 08/16/2025		679,695

				2,859,250

		Agriculture - 0.5%
		Altria Group, Inc.
	560,000	4.50%, 05/02/2043		466,068
	1,995,000	4.75%, 05/05/2021		2,038,977
	3,160,000	BAT Capital Corp. 3.56%, 08/15/2027		2,805,279
		BAT International Finance plc
	685,000	2.75%, 06/15/2020		673,058
	2,775,000	3.25%, 06/07/2022		2,668,204
	290,000	3.50%, 06/15/2022		283,732
	1,065,000	Imperial Brands Finance plc 3.75%, 07/21/2022		1,056,424
	325,000	Philip Morris International, Inc. 4.88%, 11/15/2043		322,223

				10,313,965

		Airlines - 0.3%
	2,831,229	Continental Airlines, Inc. 5.98%, 10/19/2023		2,956,369
	1,790,441	Southwest Airlines Co. 6.15%, 02/01/2024		1,881,396
	170,000	United Airlines Class B Pass Through Trust 4.60%, 09/01/2027		170,071

				5,007,836

		Auto Manufacturers - 0.5%
		Daimler Finance North America LLC
	150,000	2.25%, 07/31/2019		148,898
	1,440,000	2.30%, 02/12/2021		1,405,037
	4,200,000	Ford Motor Credit Co. LLC 3.10%, 05/04/2023		3,796,716
		General Motors Financial Co., Inc.
	3,185,000	3.70%, 05/09/2023		3,030,302
	1,245,000	3.95%, 04/13/2024		1,182,389
	580,000	Volkswagen Group of America Finance LLC 2.45%, 11/20/2019		574,470

				10,137,812

		Beverages - 0.3%
		Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc.
	1,750,000	3.65%, 02/01/2026		1,654,709
	310,000	4.70%, 02/01/2036		287,493
	280,000	4.90%, 02/01/2046		259,668
		Anheuser-Busch InBev Worldwide, Inc.
	1,125,000	3.50%, 01/12/2024		1,100,414
	220,000	4.38%, 04/15/2038		196,284
	1,300,000	Coca-Cola Femsa S.A.B. de C.V. 3.88%, 11/26/2023		1,310,397
	765,000	Molson Coors Brewing Co. 3.50%, 05/01/2022		760,421

				5,569,386

		Biotechnology - 0.1%
	1,340,000	Biogen, Inc. 2.90%, 09/15/2020		1,330,021
	770,000	Celgene Corp. 3.55%, 08/15/2022		761,542
	335,000	Gilead Sciences, Inc. 2.55%, 09/01/2020		332,291

				2,423,854

		Chemicals - 0.1%
	2,740,000	CNAC HK Synbridge Co., Ltd. 5.00%, 05/05/2020		2,748,412

		Commercial Banks - 4.6%
		Banco Santander S.A.
	1,200,000	3.13%, 02/23/2023		1,134,535
	600,000	3.85%, 04/12/2023		582,998


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 18.4% - (continued)
		Commercial Banks - 4.6% - (continued)
		Bank of America Corp.
$	1,220,000	2.63%, 10/19/2020	$	1,207,213
	1,799,000	3 mo. USD LIBOR + 1.040%, 3.42%, 12/20/2028⁽⁴⁾		1,680,535
	1,610,000	3 mo. USD LIBOR + 1.370%, 3.59%, 07/21/2028⁽⁴⁾		1,526,794
	2,950,000	4.20%, 08/26/2024		2,925,810
	2,740,000	Barclays plc 3.20%, 08/10/2021		2,662,858
	1,660,000	BB&T Corp. 3.20%, 09/03/2021		1,658,370
		BNP Paribas S.A.
	1,000,000	3.38%, 01/09/2025		941,077
	2,410,000	3.50%, 11/16/2027		2,219,904
		BPCE S.A.
	2,025,000	3.50%, 10/23/2027		1,839,868
	2,225,000	5.15%, 07/21/2024		2,234,221
	3,625,000	5.70%, 10/22/2023		3,753,412
	1,875,000	Capital One Financial Corp. 3.75%, 04/24/2024		1,828,703
		Citigroup, Inc.
	1,220,000	2.50%, 07/29/2019		1,215,833
	2,355,000	3 mo. USD LIBOR + 1.151%, 3.52%, 10/27/2028⁽⁴⁾		2,196,251
	533,000	5.30%, 05/06/2044		531,180
	290,000	8.13%, 07/15/2039		402,332
	1,695,000	Citizens Bank NA 2.55%, 05/13/2021		1,657,844
		Credit Agricole S.A.
	950,000	2.50%, 04/15/2019		948,526
	1,025,000	3.25%, 10/04/2024		958,358
	535,000	3.75%, 04/24/2023		523,519
	790,000	4.38%, 03/17/2025		764,808
		Credit Suisse AG
	855,000	3.00%, 10/29/2021		844,158
	250,000	3.63%, 09/09/2024		245,297
		Credit Suisse Group AG
	530,000	3.57%, 01/09/2023		517,032
	260,000	3 mo. USD LIBOR + 1.410%, 3.87%, 01/12/2029⁽⁴⁾		241,881
	345,000	3 mo. USD LIBOR + 1.240%, 4.02%, 06/12/2024⁽⁴⁾		339,799
		Credit Suisse Group Funding Guernsey Ltd.
	1,425,000	3.75%, 03/26/2025		1,358,819
	1,885,000	3.80%, 09/15/2022		1,871,248
	775,000	Danske Bank A/S 3.88%, 09/12/2023		746,072
		Deutsche Bank AG
	1,925,000	3.15%, 01/22/2021		1,860,280
	2,210,000	4.25%, 10/14/2021		2,160,833
		Goldman Sachs Group, Inc.
	250,000	3 mo. USD LIBOR + 1.158%, 3.81%, 04/23/2029⁽⁴⁾		233,406
	2,590,000	6.25%, 02/01/2041		2,954,042
		HSBC Holdings plc
	1,030,000	3.40%, 03/08/2021		1,027,327
	3,625,000	3.60%, 05/25/2023		3,604,301
	590,000	3 mo. USD LIBOR + 1.535%, 4.58%, 06/19/2029⁽⁴⁾		584,831
	1,490,000	Huntington National Bank 2.40%, 04/01/2020		1,474,155
		ING Groep N.V.
	345,000	3.15%, 03/29/2022		339,218
	1,100,000	3.95%, 03/29/2027		1,055,497
		JP Morgan Chase & Co.
	2,240,000	3.25%, 09/23/2022		2,222,213
	2,000,000	4.95%, 03/25/2020		2,042,325
	470,000	Macquarie Bank Ltd. 2.40%, 01/21/2020		465,835
	2,215,000	Macquarie Group Ltd. 3 mo. USD LIBOR + 1.330%, 4.15%, 03/27/2024⁽⁴⁾		2,215,253

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


		63

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 18.4% - (continued)
		Commercial Banks - 4.6% - (continued)
		Morgan Stanley
$	4,875,000	2.50%, 01/24/2019	$	4,873,011
	1,450,000	3.13%, 07/27/2026		1,340,719
	1,800,000	3.63%, 01/20/2027		1,710,716
	1,000,000	3.70%, 10/23/2024		983,390
	250,000	5.63%, 09/23/2019		253,700
	4,905,000	NBK SPC Ltd. 2.75%, 05/30/2022		4,718,120
	1,755,000	Santander Holdings USA, Inc. 3.40%, 01/18/2023		1,684,185
	1,775,000	Societe Generale S.A. 3.25%, 01/12/2022		1,737,782
	640,000	SunTrust Bank 3.30%, 05/15/2026		606,448
		UBS Group Funding Switzerland AG
	1,665,000	2.95%, 09/24/2020		1,647,396
	1,900,000	3.00%, 04/15/2021		1,885,306
		Wells Fargo & Co.
	4,344,000	4.48%, 01/16/2024		4,396,109
	850,000	4.75%, 12/07/2046		818,422

				90,454,075

		Commercial Services - 0.5%
		Catholic Health Initiatives
	1,854,000	2.95%, 11/01/2022		1,813,388
	245,000	4.35%, 11/01/2042		221,617
		ERAC USA Finance LLC
	655,000	2.35%, 10/15/2019		650,571
	1,800,000	4.50%, 08/16/2021		1,836,481
	1,500,000	5.63%, 03/15/2042		1,639,936
	2,545,000	Total System Services, Inc. 3.80%, 04/01/2021		2,544,494

				8,706,487

		Diversified Financial Services - 0.5%
	265,000	GE Capital International Funding Co. 4.42%, 11/15/2035		221,955
	1,910,000	LeasePlan Corp. N.V. 2.88%, 01/22/2019		1,909,288
	6,190,369	Postal Square L.P. 8.95%, 06/15/2022		6,918,981

				9,050,224

		Electric - 1.9%
	1,960,000	Cleveland Electric Illuminating Co. 3.50%, 04/01/2028		1,867,181
		Dominion Energy, Inc.
	725,000	2.96%, 07/01/2019⁽⁶⁾		722,422
	1,750,000	4.10%, 04/01/2021⁽⁶⁾		1,760,107
	1,200,000	Duke Energy Carolinas LLC 6.10%, 06/01/2037		1,439,544
	1,375,000	Electricite de France S.A. 10 year USD Swap + 3.041%, 5.63%, 01/22/2024^(4)(7)(8)		1,265,000
	365,000	Emera U.S. Finance L.P. 2.70%, 06/15/2021		355,582
	1,000,000	FirstEnergy Corp. 3.90%, 07/15/2027		969,209
	1,705,000	Fortis, Inc. 3.06%, 10/04/2026		1,556,478
		Georgia Power Co.
	170,000	4.30%, 03/15/2042		156,600
	245,000	4.75%, 09/01/2040		242,244
	1,275,000	Indianapolis Power and Light Co. 6.60%, 06/01/2037		1,605,723
	515,000	Infraestructura Energetica Nova S.A.B. de C.V. 4.88%, 01/14/2048		403,703
	645,000	Niagara Mohawk Power Corp. 4.28%, 12/15/2028		667,051
	750,000	Oglethorpe Power Corp. 5.25%, 09/01/2050		777,480
		Oncor Electric Delivery Co. LLC
	385,000	2.95%, 04/01/2025		374,914
	1,185,000	4.10%, 06/01/2022		1,213,868
		Pacific Gas & Electric Co.
	695,000	3.85%, 11/15/2023		622,000
	20,000	4.00%, 12/01/2046		15,084
	45,000	4.30%, 03/15/2045		35,639


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 18.4% - (continued)
		Electric - 1.9% - (continued)
$	310,000	4.75%, 02/15/2044	$	254,530
	725,000	5.13%, 11/15/2043		624,932
	1,390,000	5.40%, 01/15/2040		1,232,719
	996,000	5.80%, 03/01/2037		923,052
	155,000	6.05%, 03/01/2034		143,616
	320,000	6.25%, 03/01/2039		300,583
	55,000	6.35%, 02/15/2038		51,935
		SCANA Corp.
	2,031,000	4.13%, 02/01/2022⁽⁷⁾		2,031,653
	2,780,000	4.75%, 05/15/2021⁽⁷⁾		2,814,192
	1,100,000	6.25%, 04/01/2020		1,127,065
		South Carolina Electric & Gas Co.
	395,000	3.50%, 08/15/2021		396,109
	465,000	4.25%, 08/15/2028		482,075
	215,000	4.35%, 02/01/2042		211,944
	205,000	4.60%, 06/15/2043		210,006
	1,180,000	6.05%, 01/15/2038		1,391,505
	360,000	6.63%, 02/01/2032		436,478
	2,000,000	Southern California Edison Co. 5.55%, 01/15/2037		2,170,349
		Southern Co.
	1,450,000	2.75%, 06/15/2020		1,433,934
	2,050,000	2.95%, 07/01/2023		1,979,675
		State Grid Overseas Investment Ltd.
	1,485,000	2.75%, 05/04/2022		1,448,271
	1,490,000	3.50%, 05/04/2027		1,435,297

				37,149,749

		Engineering & Construction - 0.1%
		SBA Tower Trust
	1,235,000	2.88%, 07/15/2046		1,212,349
	225,000	3.45%, 03/15/2048		223,617

				1,435,966

		Food - 0.3%
		Conagra Brands, Inc.
	455,000	4.60%, 11/01/2025		456,441
	330,000	5.30%, 11/01/2038		311,830
		Kraft Heinz Foods Co.
	530,000	3.00%, 06/01/2026		472,804
	2,030,000	4.00%, 06/15/2023		2,024,680
	1,890,000	4.38%, 06/01/2046		1,557,032
	1,065,000	Kroger Co. 4.00%, 02/01/2024		1,074,011
	680,000	Sigma Alimentos S.A. de C.V. 4.13%, 05/02/2026		634,957

				6,531,755

		Gas - 0.1%
	330,000	Boston Gas Co. 3.15%, 08/01/2027		314,804
	1,870,000	KeySpan Gas East Corp. 2.74%, 08/15/2026		1,741,091

				2,055,895

		Healthcare-Products - 0.1%
		Medtronic, Inc.
	775,000	3.15%, 03/15/2022		772,861
	1,230,000	3.50%, 03/15/2025		1,225,140
	310,000	3.63%, 03/15/2024		312,972

				2,310,973

		Healthcare-Services - 0.7%
		Anthem, Inc.
	421,000	3.30%, 01/15/2023		414,252
	1,360,000	4.10%, 03/01/2028		1,332,985
	675,000	4.65%, 08/15/2044		649,142
	590,000	Catholic Health Initiatives 4.20%, 08/01/2023		598,322
	955,000	Cigna Corp. 4.38%, 10/15/2028		960,330

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


		64

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 18.4% - (continued)
		Healthcare-Services - 0.7% - (continued)
		Dignity Health
$	180,000	2.64%, 11/01/2019	$	178,949
	714,000	3.81%, 11/01/2024		718,880
	1,353,000	4.50%, 11/01/2042		1,269,397
	1,770,000	Humana, Inc. 2.90%, 12/15/2022		1,720,725
	1,400,000	Mercy Health 3.56%, 08/01/2027		1,354,910
	1,155,000	PeaceHealth Obligated Group 4.79%, 11/15/2048		1,221,017
		UnitedHealth Group, Inc.
	920,000	3.35%, 07/15/2022		924,216
	1,440,000	3.75%, 07/15/2025		1,457,664
	910,000	3.85%, 06/15/2028		919,917

				13,720,706

		Household Products - 0.2%
	3,566,208	Procter & Gamble - Esop 9.36%, 01/01/2021		3,781,400

		Insurance - 0.4%
	1,000,000	Berkshire Hathaway, Inc. 2.75%, 03/15/2023		981,675
		Chubb INA Holdings, Inc.
	495,000	2.30%, 11/03/2020		487,921
	840,000	3.35%, 05/15/2024		834,613
	200,000	Five Corners Funding Trust 4.42%, 11/15/2023		205,756
	550,000	Liberty Mutual Group, Inc. 4.25%, 06/15/2023		554,519
		MetLife, Inc.
	2,205,000	3.60%, 04/10/2024		2,220,186
	795,000	4.88%, 11/13/2043		829,533
	2,220,000	Trinity Acquisition plc 4.40%, 03/15/2026		2,206,049

				8,320,252

		Internet - 0.4%
		Alibaba Group Holding Ltd.
	200,000	2.50%, 11/28/2019		198,909
	1,775,000	3.40%, 12/06/2027		1,641,269
	1,045,000	3.60%, 11/28/2024		1,022,213
		Amazon.com, Inc.
	1,250,000	2.50%, 11/29/2022		1,222,576
	1,020,000	4.80%, 12/05/2034		1,092,563
	480,000	4.95%, 12/05/2044		532,141
	1,095,000	Tencent Holdings Ltd. 3.60%, 01/19/2028		1,028,821

				6,738,492

		IT Services - 0.1%
		Apple, Inc.
	546,000	3.25%, 02/23/2026		532,965
	1,360,000	3.45%, 05/06/2024		1,366,447

				1,899,412

		Machinery - Construction & Mining - 0.1%
	1,500,000	Caterpillar Financial Services Corp. 3.30%, 06/09/2024		1,491,015

		Media - 0.9%
		21st Century Fox America, Inc.
	385,000	4.00%, 10/01/2023		394,971
	1,275,000	4.50%, 02/15/2021		1,309,033
	485,000	Charter Communications Operating LLC / Charter Communications Operating Capital 5.38%, 05/01/2047		439,492
		Comcast Corp.
	1,140,000	3.95%, 10/15/2025		1,153,495
	2,050,000	4.40%, 08/15/2035		1,983,161
	585,000	4.60%, 10/15/2038		590,720
		Cox Communications, Inc.
	80,000	4.60%, 08/15/2047		71,966
	2,320,000	4.80%, 02/01/2035		2,115,190


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 18.4% - (continued)
		Media - 0.9% - (continued)
		Sky Ltd.
$	1,265,000	2.63%, 09/16/2019	$	1,255,450
	2,386,000	3.75%, 09/16/2024		2,377,252
		Time Warner Cable LLC
	395,000	6.55%, 05/01/2037		405,365
	250,000	7.30%, 07/01/2038		271,014
	480,000	8.25%, 04/01/2019		485,387
	40,000	8.75%, 02/14/2019		40,223
	130,000	Time Warner Entertainment Co., L.P. 8.38%, 03/15/2023		148,307
		Viacom, Inc.
	835,000	3.88%, 12/15/2021		839,999
	2,175,000	4.25%, 09/01/2023		2,166,512
	2,325,000	Warner Media LLC 3.60%, 07/15/2025		2,202,059

				18,249,596

		Mining - 0.1%
	1,575,000	Glencore Finance Canada Ltd. 4.25%, 10/25/2022		1,570,016

		Miscellaneous Manufacturing - 0.0%
	370,000	General Electric Co. 4.13%, 10/09/2042		289,096

		Oil & Gas - 1.2%
	1,326,000	Anadarko Petroleum Corp. 4.85%, 03/15/2021		1,357,665
	1,200,000	BG Energy Capital plc 4.00%, 10/15/2021		1,216,814
	655,000	BP Capital Markets America, Inc. 3.25%, 05/06/2022		649,321
		BP Capital Markets plc
	140,000	3.99%, 09/26/2023		142,907
	2,850,000	4.75%, 03/10/2019		2,858,667
	130,000	ConocoPhillips Co. 4.95%, 03/15/2026		139,119
		Equinor ASA
	340,000	2.25%, 11/08/2019		337,390
	160,000	2.45%, 01/17/2023		155,459
	1,850,000	2.90%, 11/08/2020		1,843,167
	210,000	3.25%, 11/10/2024		209,121
	45,000	3.70%, 03/01/2024		45,839
	920,000	Marathon Oil Corp. 2.70%, 06/01/2020		906,406
		Petroleos Mexicanos
	40,000	5.38%, 03/13/2022		39,180
	2,900,000	5.50%, 01/21/2021		2,888,313
	670,000	6.35%, 02/12/2048		536,000
	2,425,000	6.75%, 09/21/2047		2,005,208
	3,540,000	Pioneer Natural Resources Co. 7.50%, 01/15/2020		3,678,552
	3,950,000	Sinopec Group Overseas Development Ltd. 2.50%, 04/28/2020		3,901,462
	1,375,000	Total Capital International S.A. 2.70%, 01/25/2023		1,343,199

				24,253,789

		Oil & Gas Services - 0.1%
	940,000	Schlumberger Holdings Corp. 3.00%, 12/21/2020		931,853

		Pharmaceuticals - 1.3%
		Allergan Funding SCS
	645,000	3.45%, 03/15/2022		634,708
	975,000	3.80%, 03/15/2025		951,818
	600,000	4.85%, 06/15/2044		566,509
		Allergan Sales LLC
	142,000	4.88%, 02/15/2021		145,447
	800,000	5.00%, 12/15/2021		823,119
		Bayer U.S. Finance LLC
	260,000	2.38%, 10/08/2019		257,922
	1,230,000	4.25%, 12/15/2025		1,197,111

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


		65

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 18.4% - (continued)
		Pharmaceuticals - 1.3% - (continued)
		Cardinal Health, Inc.
$	990,000	2.40%, 11/15/2019	$	983,005
	445,000	3.08%, 06/15/2024		417,881
	880,000	3.50%, 11/15/2024		847,087
	785,000	4.50%, 11/15/2044		665,296
		CVS Health Corp.
	3,130,000	4.10%, 03/25/2025		3,098,770
	600,000	5.13%, 07/20/2045		584,045
	2,015,000	EMD Finance LLC 2.95%, 03/19/2022		1,985,256
	1,525,000	Express Scripts Holding Co. 2.25%, 06/15/2019		1,518,509
		McKesson Corp.
	100,000	2.85%, 03/15/2023		96,594
	650,000	3.80%, 03/15/2024		643,101
		Merck & Co., Inc.
	1,960,000	2.75%, 02/10/2025		1,896,080
	1,640,000	2.80%, 05/18/2023		1,617,917
	2,325,000	Mylan N.V. 3.95%, 06/15/2026		2,119,035
		Mylan, Inc.
	1,025,000	4.55%, 04/15/2028		955,327
	455,000	5.20%, 04/15/2048		375,168
	755,000	Teva Pharmaceutical Finance Co. B.V. 3.65%, 11/10/2021		715,334
	1,725,000	Teva Pharmaceutical Finance Netherlands B.V. 2.80%, 07/21/2023		1,485,649

				24,580,688

		Pipelines - 0.6%
	872,000	Energy Transfer Operating LP 7.60%, 02/01/2024		963,386
	375,000	Energy Transfer Partners LP 4.50%, 11/01/2023		375,122
	2,395,000	EQT Midstream Partners L.P. 4.75%, 07/15/2023		2,389,850
	2,425,000	Phillips 66 Partners L.P. 3.61%, 02/15/2025		2,329,783
		Sunoco Logistics Partners Operations L.P.
	1,200,000	3.90%, 07/15/2026		1,108,219
	509,000	4.40%, 04/01/2021		514,700
	800,000	5.35%, 05/15/2045		708,108
	2,470,000	Western Gas Partners L.P. 4.00%, 07/01/2022		2,448,848

				10,838,016

		Real Estate - 0.2%
	1,920,000	WEA Finance LLC 4.13%, 09/20/2028		1,921,503
		WEA Finance LLC / Westfield UK & Europe Finance plc
	730,000	2.70%, 09/17/2019		726,768
	1,400,000	3.25%, 10/05/2020		1,398,056

				4,046,327

		Real Estate Investment Trusts - 0.6%
		American Tower Corp.
	975,000	3.45%, 09/15/2021		974,817
	375,000	4.40%, 02/15/2026		374,707
	1,110,000	5.00%, 02/15/2024		1,148,226
	760,000	AvalonBay Communities, Inc. 3.63%, 10/01/2020		764,362
	1,950,000	Brandywine Operating Partnership L.P. 3.95%, 11/15/2027		1,852,714
		Crown Castle International Corp.
	635,000	3.65%, 09/01/2027		588,671
	525,000	3.80%, 02/15/2028		496,803
	2,960,000	HCP, Inc. 4.00%, 06/01/2025		2,897,591
	1,735,000	Scentre Group Trust 2.38%, 11/05/2019		1,718,294

				10,816,185


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 18.4% - (continued)
		Retail - 0.1%
		CVS Health Corp.
$	2,100,000	4.00%, 12/05/2023	$	2,106,001
	685,000	4.88%, 07/20/2035		662,020

				2,768,021

		Semiconductors - 0.1%
	1,855,000	Broadcom Corp. / Broadcom Cayman Finance Ltd. 3.63%, 01/15/2024		1,755,017
	810,000	Microchip Technology, Inc. 3.92%, 06/01/2021		803,510

				2,558,527

		Software - 0.2%
		Microsoft Corp.
	1,605,000	2.40%, 08/08/2026		1,496,417
	1,000,000	3.70%, 08/08/2046		957,983
	2,300,000	Oracle Corp. 3.25%, 11/15/2027		2,218,313

				4,672,713

		Telecommunications - 0.7%
	635,000	America Movil S.A.B. de C.V. 3.13%, 07/16/2022		622,267
		AT&T, Inc.
	355,000	3.95%, 01/15/2025		347,139
	800,000	4.13%, 02/17/2026		781,762
	2,185,000	4.45%, 04/01/2024		2,221,256
	715,000	GTP Acquisition Partners I LLC 2.35%, 06/15/2045		703,486
	576,000	Orange S.A. 9.00%, 03/01/2031		795,846
	2,440,000	Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 4.74%, 09/20/2029		2,394,250
		Verizon Communications, Inc.
	2,300,000	2.95%, 03/15/2022		2,275,768
	2,486,000	4.52%, 09/15/2048		2,330,015
	425,000	4.67%, 03/15/2055		390,277
	715,000	4.75%, 11/01/2041		693,227
	283,000	4.81%, 03/15/2039		277,138

				13,832,431

		Transportation - 0.3%
	1,285,000	FedEx Corp. 5.10%, 01/15/2044		1,265,032
		Penske Truck Leasing Co. L.P. / PTL Finance Corp.
	1,685,000	3.20%, 07/15/2020		1,676,597
	1,100,000	3.38%, 02/01/2022		1,087,720
	1,525,000	3.95%, 03/10/2025		1,493,926

				5,523,275

		Water - 0.0%
	625,000	American Water Capital Corp. 2.95%, 09/01/2027		590,532


		Total Corporate Bonds (cost $365,067,910)	$	358,227,981


FOREIGN GOVERNMENT OBLIGATIONS - 0.6%
		Qatar - 0.4%
		Qatar Government International Bond
	4,990,000	2.38%, 06/02/2021	$	4,872,186
	1,680,000	3.88%, 04/23/2023		1,699,035
	645,000	5.10%, 04/23/2048		677,411

				7,248,632

		Saudi Arabia - 0.2%
		Saudi Government International Bond
	935,000	2.38%, 10/26/2021		899,988
	1,680,000	2.88%, 03/04/2023		1,614,893

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


		66

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†

FOREIGN GOVERNMENT OBLIGATIONS - 0.6% - (continued)
		Saudi Arabia - 0.2% - (continued)
$	760,000	4.00%, 04/17/2025	$	753,292

				3,268,173

		Total Foreign Government Obligations (cost $10,581,350)	$	10,516,805


MUNICIPAL BONDS - 1.1%
		General - 0.4%
		Chicago, IL, Transit Auth Rev
	205,000	6.30%, 12/01/2021	$	216,706
	900,000	6.90%, 12/01/2040		1,149,741
	365,000	City of Sacramento, CA 6.42%, 08/01/2023		412,851
	1,345,000	Kansas, Development FA 4.93%, 04/15/2045		1,477,267
	2,895,000	New York State Urban Development Corp. 2.10%, 03/15/2022		2,855,078
	600,000	San Jose Redev. Agcy. Successor Agcy. 3.38%, 08/01/2034		564,762

				6,676,405

		General Obligation - 0.5%
		California State, GO Taxable
	420,000	7.35%, 11/01/2039		579,806
	540,000	7.55%, 04/01/2039		773,577
	685,000	Chicago, IL, Metropolitan Water Reclamation, GO 5.72%, 12/01/2038		823,445
	785,000	Illinois Municipal Electric Agency 6.83%, 02/01/2035		966,673
	3,780,000	Illinois State, GO 5.10%, 06/01/2033		3,603,965
	700,000	South Carolina Public Service Auth 6.45%, 01/01/2050		887,215
	2,065,000	State of Connecticut, GO 2.99%, 01/15/2023		2,045,961

				9,680,642

		Power - 0.0%
	485,000	New York, Utility Debt Securitization Auth 3.44%, 12/15/2025		486,140

		Transportation - 0.1%
	875,000	Illinois State Toll Highway Auth 6.18%, 01/01/2034		1,098,090
	570,000	New York and New Jersey PA, Taxable Rev 6.04%, 12/01/2029		692,077
	645,000	North Texas Tollway Auth, Rev 6.72%, 01/01/2049		887,558

				2,677,725

		Utility - Electric - 0.1%
		Municipal Electric Auth Georgia
	1,363,000	6.64%, 04/01/2057		1,441,018
	410,000	6.66%, 04/01/2057		450,000

				1,891,018


		Total Municipal Bonds (cost $20,403,158)	$	21,411,930


U.S. GOVERNMENT AGENCIES - 0.9%
		Mortgage-Backed Agencies - 0.9%
		FHLMC - 0.6%
	11,011,331	3.50%, 08/01/2048	$	11,008,415
	29,600	4.00%, 03/01/2041		30,457
	23,000	1 year CMT + 2.249%, 4.26%, 04/01/2029⁽⁴⁾		23,895

				11,062,767

		FNMA - 0.1%
	926,655	1 mo. USD LIBOR + 0.400%, 2.70%, 10/25/2024⁽⁴⁾		925,428
	55,436	4.50%, 11/01/2023		57,394
	131,543	4.50%, 03/01/2038		137,749


Shares or Principal Amount			Market Value^†

U.S. GOVERNMENT AGENCIES - 0.9% - (continued)
		FNMA - 0.1% - (continued)
$	73,243	4.50%, 11/01/2039	$	76,692
	46,090	4.50%, 04/01/2040		48,276
	114,272	4.50%, 08/01/2040		119,693
	41,533	4.50%, 02/01/2041		43,504
	562,818	4.50%, 04/01/2041		589,517
	349,277	4.50%, 06/01/2041		365,846
	486,165	4.50%, 07/01/2041		509,005
	178,892	4.50%, 09/01/2041		187,048
	71,974	4.50%, 07/01/2044		74,578
	38	5.00%, 02/01/2019		39
	2,281	5.00%, 04/01/2019		2,321

				3,137,090

		GNMA - 0.2%
	88,703	5.00%, 07/15/2037		93,999
	11,612	6.00%, 06/15/2024		12,458
	5,282	6.00%, 07/15/2026		5,667
	5,473	6.00%, 01/15/2028		5,871
	1,883	6.00%, 03/15/2028		2,020
	47,246	6.00%, 04/15/2028		50,744
	71,810	6.00%, 05/15/2028		77,041
	19,071	6.00%, 06/15/2028		20,461
	45,244	6.00%, 07/15/2028		48,540
	17,147	6.00%, 08/15/2028		18,395
	45,088	6.00%, 09/15/2028		48,373
	99,083	6.00%, 10/15/2028		106,301
	99,303	6.00%, 11/15/2028		106,537
	104,562	6.00%, 12/15/2028		112,180
	2,605	6.00%, 12/15/2031		2,854
	24,536	6.00%, 09/15/2032		26,991
	9,038	6.00%, 11/15/2032		9,944
	1,970	6.00%, 04/15/2033		2,113
	87,127	6.00%, 06/15/2033		94,420
	33,837	6.00%, 10/15/2033		36,801
	4,528	6.00%, 11/15/2033		4,924
	61,267	6.00%, 10/15/2034		65,856
	58,114	6.00%, 01/15/2035		62,348
	7,301	6.00%, 05/15/2035		7,832
	11,444	6.00%, 06/15/2035		12,279
	531	6.50%, 03/15/2026		571
	4,584	6.50%, 01/15/2028		4,937
	45,222	6.50%, 03/15/2028		48,701
	108,725	6.50%, 04/15/2028		117,089
	31,052	6.50%, 05/15/2028		33,442
	168,874	6.50%, 06/15/2028		181,864
	6,685	6.50%, 10/15/2028		7,199
	2,883	6.50%, 02/15/2035		3,222
	17,177	7.00%, 11/15/2031		18,860
	8,621	7.00%, 03/15/2032		9,486
	1,149,606	7.00%, 11/15/2032		1,333,383
	156,704	7.00%, 01/15/2033		178,564
	166,537	7.00%, 05/15/2033		188,945
	30,421	7.00%, 07/15/2033		34,218
	198,573	7.00%, 11/15/2033		225,462
	79,426	7.50%, 09/16/2035		88,429
	164	8.00%, 09/15/2026		176
	100	8.00%, 11/15/2026		104
	8,987	8.00%, 12/15/2026		10,098
	134	8.00%, 09/15/2027		137
	5,977	8.00%, 07/15/2029		6,846
	2,584	8.00%, 11/15/2029		2,588
	13,149	8.00%, 12/15/2029		13,612
	4,095	8.00%, 01/15/2030		4,181
	5,743	8.00%, 02/15/2030		5,853
	879	8.00%, 03/15/2030		888
	22,126	8.00%, 04/15/2030		22,297

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


		67

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†

U.S. GOVERNMENT AGENCIES - 0.9% - (continued)
		GNMA - 0.2% - (continued)
$	5,215	8.00%, 05/15/2030	$	5,364
	38,125	8.00%, 06/15/2030		40,023
	2,209	8.00%, 07/15/2030		2,289
	68,079	8.00%, 08/15/2030		69,481
	15,600	8.00%, 09/15/2030		15,922
	7,953	8.00%, 11/15/2030		8,046
	127,977	8.00%, 12/15/2030		140,433
	251	8.00%, 02/15/2031		260
	3,171	9.00%, 06/15/2022		3,195

				3,861,114

				18,060,971


		Total U.S. Government Agencies (cost $17,686,323)	$	18,060,971


U.S. GOVERNMENT SECURITIES - 8.4%
		U.S. Treasury Securities - 8.4%
		U.S. Treasury Bonds - 4.2%
	19,450,000	2.50%, 02/15/2045⁽⁹⁾	$	17,626,562
	2,280,000	2.50%, 05/15/2046		2,056,186
	1,905,000	2.75%, 08/15/2047		1,804,169
	6,964,000	2.75%, 11/15/2047		6,589,413
	10,450,800	2.88%, 05/15/2043		10,202,185
	925,000	3.00%, 02/15/2048		920,050
	1,265,000	3.00%, 08/15/2048		1,259,021
	8,195,000	3.13%, 08/15/2044		8,365,622
	2,260,000	3.13%, 05/15/2048		2,302,905
	4,630,000	3.38%, 05/15/2044		4,931,312
	21,300,000	4.38%, 02/15/2038		26,091,668

				82,149,093

		U.S. Treasury Notes - 4.2%
	23,370,480	0.38%, 01/15/2027⁽¹⁰⁾		22,198,000
	7,960,367	0.50%, 01/15/2028⁽¹⁰⁾		7,596,761
	18,125,000	1.50%, 03/31/2023		17,398,584
	405,000	2.13%, 12/31/2022		399,289
	8,730,000	2.63%, 06/30/2023		8,775,355
	20,550,000	2.75%, 09/30/2020		20,627,062
	1,900,000	2.75%, 05/31/2023		1,920,707
	870,000	2.88%, 10/31/2020		875,438
	185,000	2.88%, 09/30/2023		188,006
	525,000	2.88%, 05/15/2028		533,060

				80,512,262

				162,661,355


		Total U.S. Government Securities (cost $159,112,298)	$	162,661,355


		Total Long-Term Investments (cost $1,721,290,698)	$	1,912,128,368


SHORT-TERM INVESTMENTS - 1.6%
		Other Investment Pools & Funds - 0.6%
	11,514,884	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽¹¹⁾	$	11,514,884

		Securities Lending Collateral - 0.2%
	225,285	Citibank NA DDCA, 2.39%, 1/2/2019⁽¹¹⁾		225,285
	2,977,066	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽¹¹⁾		2,977,066
	213,539	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.30%⁽¹¹⁾		213,539


Shares or Principal Amount			Market Value^†

SHORT-TERM INVESTMENTS - 1.6% - (continued)
		Securities Lending Collateral - 0.2% - (continued)
	155,714	Invesco Government & Agency Portfolio, Institutional Class, 2.30%⁽¹¹⁾	$	155,714
	866,805	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽¹¹⁾		866,805
	67,288	Western Asset Institutional Government Reserves Fund, Institutional Class, 2.28%⁽¹¹⁾		67,288

				4,505,697

		U.S. Treasury Bills - 0.8%
	9,400,000	2.35%, 02/19/2019⁽¹²⁾		9,369,933
	7,000,000	2.36%, 02/19/2019⁽¹²⁾		6,977,486

				16,347,419


		Total Short-Term Investments (cost $32,368,000)	$	32,368,000



Total Investments (cost $1,753,658,698)	99.8	%	$	1,944,496,368
Other Assets and Liabilities	0.2	%		3,053,010

Total Net Assets	100.0	%	$	1,947,549,378

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.

*	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, 2018, the aggregate fair value of these securities was $6,189,036, 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 $6,189,036 or 0.3% 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	$	2,457,462
	11/2013	Tory Burch LLC		67,006		5,251,707		3,731,574

					$	10,342,388	$	6,189,036

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


		68

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2018

⁽⁴⁾	Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2018.

⁽⁵⁾	Variable or floating rate security, for 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.

⁽⁶⁾	Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.

⁽⁷⁾	Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

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

⁽⁹⁾	This security, or a portion of this security, has been pledged as collateral in connection with futures contracts.

⁽¹⁰⁾	The principal amount for these securities are adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

⁽¹¹⁾	Current yield as of period end.

⁽¹²⁾	The rate shown represents current yield to maturity.


Futures Contracts Outstanding at December 31, 2018
Description	Number of Contracts		Expiration Date		Current Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Long position contracts:
U.S. Treasury 2-Year Note Future		60		03/29/2019	$	12,738,750	$	82,235
U.S. Treasury 5-Year Note Future		97		03/29/2019		11,124,688		181,231

Total							$	263,466

Short position contracts:
U.S. Treasury 10-Year Ultra Future		21		03/20/2019	$	2,731,641	$	(85,351	)

Total futures contracts							$	178,115

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


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Index Abbreviations:
CMT		Constant Maturity Treasury Index

Other Abbreviations:
ADR		American Depositary Receipt
CLO		Collateralized Loan Obligation
CMO		Collateralized Mortgage Obligation
DDCA		Dollars on Deposit in Custody Account
FHLMC		Federal Home Loan Mortgage Corp.



Other Abbreviations: – (continued)
FNMA		Federal National Mortgage Association
GNMA		Government National Mortgage Association
LIBOR		London Interbank Offered Rate
REIT		Real Estate Investment Trust

Municipal Abbreviations:
Auth		Authority
FA		Finance Authority
GO		General Obligation
PA		Port Authority
Rev		Revenue

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


		69

Hartford Balanced HLS Fund

Schedule of Investments – (continued)

December 31, 2018

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total			Level 1			Level 2		Level 3⁽¹⁾
Assets
Common Stocks
Banks	$	120,214,614		$	120,214,614		$	—	$	—
Capital Goods		96,427,403			96,427,403			—		—
Consumer Durables & Apparel		10,517,573			10,517,573			—		—
Consumer Services		14,633,989			14,633,989			—		—
Diversified Financials		9,718,072			9,718,072			—		—
Energy		77,838,780			77,838,780			—		—
Food & Staples Retailing		16,350,286			16,350,286			—		—
Food, Beverage & Tobacco		43,474,184			43,474,184			—		—
Health Care Equipment & Services		106,533,808			93,448,555			13,085,253		—
Household & Personal Products		14,508,784			14,508,784			—		—
Insurance		46,853,044			46,853,044			—		—
Materials		47,855,752			47,855,752			—		—
Media & Entertainment		104,178,918			104,178,918			—		—
Pharmaceuticals, Biotechnology & Life Sciences		138,909,441			96,408,939			42,500,502		—
Real Estate		19,337,226			19,337,226			—		—
Retailing		79,312,392			73,123,356			—		6,189,036
Semiconductors & Semiconductor Equipment		104,634,095			104,634,095			—		—
Software & Services		61,089,276			61,089,276			—		—
Technology Hardware & Equipment		73,101,821			54,716,032			18,385,789		—
Telecommunication Services		30,832,172			30,832,172			—		—
Transportation		21,121,544			21,121,544			—		—
Utilities		31,094,278			31,094,278			—		—
Asset & Commercial Mortgage Backed Securities		72,711,874			—			72,711,874		—
Corporate Bonds		358,227,981			—			358,227,981		—
Foreign Government Obligations		10,516,805			—			10,516,805		—
Municipal Bonds		21,411,930			—			21,411,930		—
U.S. Government Agencies		18,060,971			—			18,060,971		—
U.S. Government Securities		162,661,355			—			162,661,355		—
Short-Term Investments		32,368,000			16,020,581			16,347,419		—
Futures Contracts⁽²⁾		263,466			263,466			—		—

Total	$	1,944,759,834		$	1,204,660,919		$	733,909,879	$	6,189,036

Liabilities
Futures Contracts⁽²⁾	$	(85,351	)	$	(85,351	)	$	—	$	—

Total	$	(85,351	)	$	(85,351	)	$	—	$	—

⁽¹⁾	For the year ended December 31, 2018, 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 period ended December 31, 2018 is not presented.

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


		70

Hartford Capital Appreciation HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.2%
		Automobiles & Components - 0.9%
	85,395	Ferrari N.V.	$	8,497,146
	392,459	General Motors Co.		13,127,753
	17,857	Tesla, Inc.*		5,942,810
	263,112	Valeo S.A.		7,673,815

				35,241,524

		Banks - 3.3%
	516,126	Bank OZK		11,783,157
	517,691	Citigroup, Inc.		26,950,993
	97,304	First Republic Bank		8,455,718
	94,967	HDFC Bank Ltd. ADR		9,837,631
	17,247	HDFC Bank Ltd.		524,142
	587,789	KeyCorp.		8,687,521
	517,853	People’s United Financial, Inc.		7,472,619
	434,427	PNC Financial Services Group, Inc.		50,788,860
	284,011	Sumitomo Mitsui Financial Group, Inc.		9,362,440

				133,863,081

		Capital Goods - 5.2%
	110,578	3M Co.		21,069,532
	220,107	AerCap Holdings N.V.*		8,716,237
	81,197	Airbus SE		7,741,301
	274,700	Fortune Brands Home & Security, Inc.		10,435,853
	206,325	General Dynamics Corp.		32,436,353
	60,113	Harris Corp.		8,094,216
	350,600	Harry’s, Inc.^(1)(2)(3)		4,641,944
	35,081	IDEX Corp.		4,429,327
	158,587	Ingersoll-Rand plc		14,467,892
	341,900	Johnson Controls International plc		10,137,335
	64,102	L3 Technologies, Inc.		11,131,953
	103,978	Lockheed Martin Corp.		27,225,600
	47,600	Middleby Corp.*		4,889,948
	23,936	Roper Technologies, Inc.		6,379,423
	103,705	Safran S.A.		12,437,850
	1,031,730	Sanwa Holdings Corp.		11,714,166
	175,467	Xylem, Inc.		11,707,158

				207,656,088

		Commercial & Professional Services - 3.2%
	81,087	CoStar Group, Inc.*		27,353,888
	71,209	Equifax, Inc.		6,631,694
	360,459	Herman Miller, Inc.		10,903,885
	230,363	IHS Markit Ltd.*		11,050,513
	106,668	Intertek Group plc		6,528,382
	290,229	Republic Services, Inc.		20,922,609
	963,441	Steelcase, Inc. Class A		14,287,830
	257,897	TransUnion		14,648,549
	5,700	Upwork, Inc.*⁽⁴⁾		103,227
	197,015	Waste Connections, Inc.		14,628,364

				127,058,941

		Consumer Durables & Apparel - 2.3%
	559,868	Newell Brands, Inc.		10,407,946
	620,758	NIKE, Inc. Class B		46,022,998
	61,932	Polaris Industries, Inc.		4,748,946
	506,259	Skechers USA, Inc. Class A*		11,588,269
	143,727	Sony Corp.		6,929,024
	216,647	Tapestry, Inc.		7,311,836
	69,234	Under Armour, Inc. Class A*		1,223,365
	205,654	Under Armour, Inc. Class C*⁽⁴⁾		3,325,425

				91,557,809

		Consumer Services - 2.9%
	42,274	Domino’s Pizza, Inc.		10,483,529
	514,432	DraftKings, Inc.*^(1)(2)(3)		1,311,575
	62,426	Grand Canyon Education, Inc.*		6,001,636
	140,368	Hilton Grand Vacations, Inc.*		3,704,311


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.2% - (continued)
		Consumer Services - 2.9% - (continued)
	78,688	Marriott Vacations Worldwide Corp.	$	5,548,291
	272,791	McDonald’s Corp.		48,439,498
	324,881	Melco Resorts & Entertainment Ltd. ADR		5,724,403
	123,860	New Oriental Education & Technology Group, Inc. ADR*		6,788,767
	128,410	Norwegian Cruise Line Holdings Ltd.*		5,443,300
	131,921	Planet Fitness, Inc. Class A*		7,073,604
	84,354	Royal Caribbean Cruises Ltd.		8,248,978
	44,131	Vail Resorts, Inc.		9,303,697

				118,071,589

		Diversified Financials - 3.1%
	496,581	American Express Co.		47,334,101
	191,885	Intercontinental Exchange, Inc.		14,454,697
	1,502,670	SLM Corp.*		12,487,188
	719,540	TD Ameritrade Holding Corp.		35,228,678
	334,443	UBS Group AG*		4,171,588
	228,000	Voya Financial, Inc.		9,151,920

				122,828,172

		Energy - 3.9%
	125,303	Anadarko Petroleum Corp.		5,493,284
	733,717	Canadian Natural Resources Ltd.		17,704,591
	199,300	Chevron Corp.		21,681,847
	202,315	Cimarex Energy Co.		12,472,720
	101,865	Concho Resources, Inc.*		10,470,703
	143,481	Diamondback Energy, Inc.		13,300,689
	490,900	Enbridge, Inc.		15,257,172
	694,090	Encana Corp.		4,006,321
	146,329	EOG Resources, Inc.		12,761,352
	382,406	Halliburton Co.		10,164,352
	942,062	Laredo Petroleum, Inc.*		3,410,264
	534,763	Marathon Oil Corp.		7,668,501
	364,540	Tenaris S.A. ADR		7,771,993
	241,801	TOTAL S.A.		12,753,820

				154,917,609

		Food & Staples Retailing - 1.6%
	97,920	Costco Wholesale Corp.		19,947,283
	298,535	Kroger Co.		8,209,713
	313,701	Walgreens Boots Alliance, Inc.		21,435,189
	179,729	Walmart, Inc.		16,741,756

				66,333,941

		Food, Beverage & Tobacco - 6.0%
	352,529	Altria Group, Inc.		17,411,407
	212,871	Archer-Daniels-Midland Co.		8,721,325
	336,841	British American Tobacco plc		10,717,948
	981,842	Coca-Cola Co.		46,490,219
	1,168,756	Diageo plc		41,764,790
	83,626	Hershey Co.		8,963,035
	158,486	Lamb Weston Holdings, Inc.		11,658,230
	566,029	Monster Beverage Corp.*		27,859,947
	393,049	PepsiCo., Inc.		43,424,054
	233,001	Philip Morris International, Inc.		15,555,147
	706,938	Treasury Wine Estates Ltd.		7,371,798

				239,937,900

		Health Care Equipment & Services - 8.2%
	66,938	Align Technology, Inc.*		14,018,825
	227,470	Baxter International, Inc.		14,972,075
	96,221	Becton Dickinson and Co.		21,680,516
	329,300	CVS Health Corp.		21,575,736
	381,210	Danaher Corp.		39,310,375
	73,422	DexCom, Inc.*		8,795,956
	64,109	Edwards Lifesciences Corp.*		9,819,575
	109,541	Haemonetics Corp.*		10,959,577

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


		71

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.2% - (continued)
		Health Care Equipment & Services - 8.2% - (continued)
	91,639	Insulet Corp.*	$	7,268,805
	434,278	Koninklijke Philips N.V. ADR		15,247,501
	235,879	Koninklijke Philips N.V.		8,269,797
	126,802	McKesson Corp.		14,007,817
	618,134	Medtronic plc		56,225,469
	47,915	Penumbra, Inc.*		5,855,213
	126,821	Stryker Corp.		19,879,192
	62,883	Teleflex, Inc.		16,253,998
	127,477	UnitedHealth Group, Inc.		31,757,070
	50,607	WellCare Health Plans, Inc.*		11,947,807

				327,845,304

		Household & Personal Products - 1.0%
	593,818	Colgate-Palmolive Co.		35,344,047
	736,971	Coty, Inc. Class A		4,834,530

				40,178,577

		Insurance - 5.5%
	379,750	Aflac, Inc.		17,301,410
	457,250	American International Group, Inc.		18,020,223
	317,873	Chubb Ltd.		41,062,834
	585,800	CNO Financial Group, Inc.		8,716,704
	228,649	Fidelity National Financial, Inc.		7,188,725
	905,877	Lancashire Holdings Ltd.		6,990,628
	144,030	Lincoln National Corp.		7,390,179
	340,187	Marsh & McLennan Cos., Inc.		27,129,913
	840,763	MetLife, Inc.		34,521,729
	959,111	Ping An Insurance Group Co. of China Ltd. Class H⁽⁴⁾		8,461,291
	90,996	RenaissanceRe Holdings Ltd.		12,166,165
	226,313	Tokio Marine Holdings, Inc.		10,751,837
	744,401	Unum Group		21,870,501

				221,572,139

		Materials - 3.6%
	286,900	Alcoa Corp.*		7,625,802
	252,204	Anglo American plc		5,639,448
	177,091	Cabot Corp.		7,604,288
	222,299	Celanese Corp.		20,000,241
	391,429	CRH plc		10,361,859
	129,043	Eastman Chemical Co.		9,434,334
	90,470	FMC Corp.		6,691,161
	170,211	Linde plc		26,559,724
	153,333	Nucor Corp.		7,944,183
	146,062	Nutrien Ltd.		6,860,164
	112,806	Packaging Corp. of America		9,414,789
	282,270	Reliance Steel & Aluminum Co.		20,089,156
	54,374	Vulcan Materials Co.		5,372,151

				143,597,300

		Media & Entertainment - 4.0%
	7,833	Alphabet, Inc. Class C*		8,111,933
	10,949	Alphabet, Inc. Class A*		11,441,267
	28,778	Charter Communications, Inc. Class A*		8,200,867
	874,400	Comcast Corp. Class A		29,773,320
	80,678	Netflix, Inc.*		21,594,274
	203,714	Spotify Technology S.A.*		23,121,539
	55,634	Take-Two Interactive Software, Inc.*		5,726,964
	229,703	Tencent Holdings Ltd.		9,206,570
	58,846	TripAdvisor, Inc.*		3,174,153
	126,498	Walt Disney Co.		13,870,506
	521,558	Yandex N.V. Class A*		14,264,611
	187,664	Zillow Group, Inc. Class C*		5,926,429
	156,621	Zillow Group, Inc. Class A*		4,922,598

				159,335,031

		Pharmaceuticals, Biotechnology & Life Sciences - 8.5%
	246,737	Agilent Technologies, Inc.		16,644,878
	301,967	Alkermes plc*		8,911,046


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.2% - (continued)
		Pharmaceuticals, Biotechnology & Life Sciences - 8.5% - (continued)
	83,393	Allergan plc	$	11,146,308
	194,023	Alnylam Pharmaceuticals, Inc.*		14,146,217
	312,879	Bausch Health Cos., Inc.*		5,778,875
	66,103	BeiGene Ltd. ADR*		9,271,607
	39,445	Biogen, Inc.*		11,869,789
	11,579	Bluebird Bio, Inc.*⁽⁴⁾		1,148,637
	1,005,069	Bristol-Myers Squibb Co.		52,243,487
	12,700	Elanco Animal Health, Inc.*		400,431
	270,998	Exact Sciences Corp.*		17,099,974
	125,641	Five Prime Therapeutics, Inc.*		1,168,461
	7,400	Galapagos N.V. ADR*		678,876
	52,057	Galapagos N.V.*		4,771,598
	83,795	Gilead Sciences, Inc.		5,241,377
	136,206	Incyte Corp.*		8,661,340
	370,797	Ionis Pharmaceuticals, Inc.*		20,045,286
	324,186	Johnson & Johnson		41,836,203
	330,000	Merck & Co., Inc.		25,215,300
	26,400	Mettler-Toledo International, Inc.*		14,931,312
	518,307	Mylan N.V.*		14,201,612
	629,144	Pfizer, Inc.		27,462,136
	31,412	Sage Therapeutics, Inc.*		3,008,956
	157,329	Seattle Genetics, Inc.*		8,914,261
	209,655	Teva Pharmaceutical Industries Ltd. ADR		3,232,880
	50,955	Thermo Fisher Scientific, Inc.		11,403,219

				339,434,066

		Real Estate - 5.6%
	350,200	Acadia Realty Trust REIT		8,320,752
	347,337	American Tower Corp. REIT		54,945,240
	90,809	AvalonBay Communities, Inc. REIT		15,805,306
	668,664	Brixmor Property Group, Inc. REIT		9,822,674
	517,800	Columbia Property Trust, Inc. REIT		10,019,430
	61,049	Crown Castle International Corp. REIT		6,631,753
	74,608	Equinix, Inc. REIT		26,303,796
	1,062,847	Host Hotels & Resorts, Inc. REIT		17,717,660
	417,600	Mitsui Fudosan Co., Ltd. REIT		9,275,690
	186,529	Public Storage REIT		37,755,335
	73,034	Simon Property Group, Inc. REIT		12,268,982
	202,147	Welltower, Inc. REIT		14,031,023

				222,897,641

		Retailing - 6.6%
	165,334	Alibaba Group Holding Ltd. ADR*		22,662,331
	8,451,700	Allstar Co.*^(1)(2)(3)		1,774,857
	30,429	Amazon.com, Inc.*		45,703,445
	11,694	Booking Holdings, Inc.*		20,141,980
	194,448	CarMax, Inc.*		12,197,723
	295,706	Delivery Hero SE*⁽⁵⁾		11,039,881
	208,362	Expedia Group, Inc.		23,471,979
	198,686	Floor & Decor Holdings, Inc. Class A*		5,145,967
	108,998	Genuine Parts Co.		10,465,988
	136,486	Home Depot, Inc.		23,451,025
	162,546	Industria de Diseno Textil S.A.		4,148,932
	1,742,340	Just Eat plc*		13,029,708
	85,700	Lowe’s Cos., Inc.		7,915,252
	209,054	Ross Stores, Inc.		17,393,293
	706,674	TJX Cos., Inc.		31,616,595
	115,140	Tory Burch LLC*^(1)(2)(3)		6,412,129
	95,539	Wayfair, Inc. Class A*⁽⁴⁾		8,606,153

				265,177,238

		Semiconductors & Semiconductor Equipment - 2.1%
	363,491	Advanced Micro Devices, Inc.*		6,710,044
	101,077	Broadcom, Inc.		25,701,859
	153,172	KLA-Tencor Corp.		13,707,362
	512,147	Marvell Technology Group Ltd.		8,291,660

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


		72

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.2% - (continued)
		Semiconductors & Semiconductor Equipment - 2.1% - (continued)
	222,524	QUALCOMM, Inc.	$	12,663,841
	1,532,190	Taiwan Semiconductor Manufacturing Co., Ltd.		11,125,583
	82,853	Teradyne, Inc.		2,599,927
	39,388	Universal Display Corp.⁽⁴⁾		3,685,535

				84,485,811

		Software & Services - 10.1%
	259,114	2U, Inc.*		12,883,148
	199,499	Accenture plc Class A		28,131,354
	86,602	Adobe, Inc.*		19,592,836
	222,822	Amdocs Ltd.		13,052,913
	45,298	Autodesk, Inc.*		5,825,776
	81,410	FleetCor Technologies, Inc.*		15,119,465
	1,184,494	Genpact Ltd.		31,969,493
	230,445	Global Payments, Inc.		23,765,793
	89,430	GoDaddy, Inc. Class A*		5,868,397
	247,692	Guidewire Software, Inc.*		19,872,329
	420,550	Microsoft Corp.		42,715,263
	277,259	PayPal Holdings, Inc.*		23,314,709
	222,657	salesforce.com, Inc.*		30,497,329
	185,553	ServiceNow, Inc.*		33,037,712
	46,969	Shopify, Inc. Class A*		6,502,858
	55,509	Splunk, Inc.*		5,820,119
	122,256	VeriSign, Inc.*		18,129,342
	209,556	Visa, Inc. Class A		27,648,819
	56,665	WEX, Inc.*		7,936,500
	183,284	Workday, Inc. Class A*		29,266,789
	110,121	Zuora, Inc. Class A*		1,997,595

				402,948,539

		Technology Hardware & Equipment - 1.9%
	191,975	CDW Corp.		15,559,574
	69,000	Coherent, Inc.*		7,293,990
	476,316	Flex Ltd.*		3,624,765
	144,765	Logitech International S.A.		4,570,850
	236,486	Samsung Electronics Co., Ltd.		8,232,477
	221,175	TE Connectivity Ltd.		16,727,465
	363,580	Western Digital Corp.		13,441,552
	43,007	Zebra Technologies Corp. Class A*		6,848,005

				76,298,678

		Telecommunication Services - 2.0%
	677,416	AT&T, Inc.		19,333,453
	174,049	T-Mobile US, Inc.*		11,071,257
	908,632	Verizon Communications, Inc.		51,083,291

				81,488,001

		Transportation - 3.5%
	588,576	Canadian National Railway Co.		43,591,356
	99,919	CSX Corp.		6,207,967
	198,581	Delta Air Lines, Inc.		9,909,192
	174,430	Expeditors International of Washington, Inc.		11,876,939
	363,972	Southwest Airlines Co.		16,917,419
	242,978	Union Pacific Corp.		33,586,849
	169,063	United Parcel Service, Inc. Class B		16,488,714

				138,578,436

		Utilities - 2.2%
	144,536	Dominion Energy, Inc.		10,328,543
	130,818	Edison International		7,426,538
	1,338,121	Iberdrola S.A.		10,744,949
	462,977	NRG Energy, Inc.		18,333,889
	303,741	OGE Energy Corp.		11,903,610
	101,142	Sempra Energy		10,942,553
	401,719	Southern Co.		17,643,498

				87,323,580


		Total Common Stocks (cost $4,083,621,319)	$	3,888,626,995


Shares or Principal Amount			Market Value^†
PREFERRED STOCKS - 1.1%
		Consumer Services - 0.0%
	16,619	Airbnb, Inc. Series E*^(1)(2)(3)	$	1,821,110

		Diversified Financials - 0.0%
	85,350	Social Finance, Inc. Series F*^(1)(2)(3)		1,387,791

		Software & Services - 1.1%
	29,504	Magic Leap, Inc. Series C*^(1)(2)(3)		796,608
	50,200	Nanigans, Inc. Series D*^(1)(2)(3)		207,326
	793,410	Pinterest, Inc. Series G*^(1)(2)(3)		3,863,907
	20,891	Sharecare Series B2*^(1)(2)(3)		4,668,303
	749,645	Uber Technologies, Inc. Series D*^(1)(2)(3)		32,572,075

				42,108,219


		Total Preferred Stocks (cost $26,666,595)	$	45,317,120


CONVERTIBLE PREFERRED STOCKS - 0.0%
		Retailing - 0.0%
	40,566	Honest Co. Series C*^(1)(2)(3)	$	1,259,169


		Total Convertible Preferred Stocks (cost $1,097,607)	$	1,259,169


ESCROWS - 0.0%⁽⁶⁾
		Consumer Durables & Apparel - 0.0%
	127,917	One Kings Lane, Inc.*^(1)(2)(3)	$	23,025

		Telecommunication Services - 0.0%
	22,145	Docusign, Inc. Earnout*^(1)(2)(3)		49,826


		Total Escrows (cost $—)	$	72,851


		Total Long-Term Investments (cost $4,111,385,521)	$	3,935,276,135


SHORT-TERM INVESTMENTS - 1.8%
		Other Investment Pools & Funds - 1.6%
	65,454,986	BlackRock Liquidity Funds FedFund Portfolio, Institutional Class, 2.40%⁽⁷⁾	$	65,454,986

		Securities Lending Collateral - 0.2%
	352,256	Citibank NA DDCA, 2.39%, 1/2/2019⁽⁷⁾		352,256
	4,654,948	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽⁷⁾		4,654,948
	333,890	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.30%⁽⁷⁾		333,890
	243,475	Invesco Governmesnt & Agency Portfolio, Institutional Class, 2.30%⁽⁷⁾		243,475
	1,355,338	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽⁷⁾		1,355,338
	105,211	Western Asset Institutional Government Reserves Fund, Institutional Class, 2.28%⁽⁷⁾		105,211

				7,045,118


		Total Short-Term Investments (cost $72,500,104)	$	72,500,104



Total Investments (cost $4,183,885,625)	100.1	%	$	4,007,776,239
Other Assets and Liabilities	(0.1	)%		(4,576,256	)

Total Net Assets	100	%	$	4,003,199,983

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


		73

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2018

Note:

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

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

* 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, 2018, the aggregate fair value of these securities was $60,789,645, which represented 1.5% 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 $60,789,645 or 1.5% of net assets.


Period Acquired		Security Name	Shares/ Par Value		Base Total Cost		Base Market Value
	06/2015	Airbnb, Inc. Series E		16,619	$	1,547,136	$	1,821,110
	08/2011	Allstar Co.		8,451,700		3,676,649		1,774,857
	05/2018	Docusign, Inc. Earnout		22,145		—		49,826
	07/2015	DraftKings, Inc.		514,432		1,938,196		1,311,575
	06/2015	Harry’s, Inc.		350,600		4,713,607		4,641,944
	08/2014	Honest Co. Series C		40,566		1,097,607		1,259,169
	12/2015	Magic Leap, Inc. Series C		29,504		679,566		796,608
	03/2015	Nanigans, Inc. Series D		50,200		548,109		207,326
	01/2014	One Kings Lane, Inc.		127,917		—		23,025
	03/2015	Pinterest, Inc. Series G		793,410		5,695,963		3,863,907
	03/2015	Sharecare Series B2		20,891		5,220,034		4,668,303
	09/2015	Social Finance, Inc. Series F		85,350		1,346,507		1,387,791
	11/2013	Tory Burch LLC		115,140		9,024,247		6,412,129
	06/2014	Uber Technologies, Inc. Series D		749,645		11,629,280		32,572,075

					$	47,116,901	$	60,789,645

⁽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, 2018, the aggregate value of this security was $11,039,881, 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, 2018
Description	Number of Contracts		Expiration Date		Current Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Long position contracts:
S&P 500 (E-Mini) Future		351		03/15/2019	$	43,966,260	$	(2,656,926	)

Total futures contracts							$	(2,656,926	)


Foreign Currency Contracts Outstanding at December 31, 2018
Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Counterparty	Settlement Date		Appreciation		Depreciation
	6,621,630	USD		5,793,000	EUR	BOA		03/20/19	$	—	$	(60,930	)
	9,229,120	USD		1,035,944,000	JPY	BCLY		03/20/19		—		(284,652	)

	Total								$	—	$	(345,582	)

^†	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.


		74

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2018


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Counterparty Abbreviations:
BCLY		Barclays
BOA		Banc of America Securities LLC

Currency Abbreviations:
EUR		Euro
JPY		Japanese Yen
USD		United States Dollar



Index Abbreviations:
S&P		Standard & Poors

Other Abbreviations:
ADR		American Depositary Receipt
DDCA		Dollars on Deposit in Custody Account
REIT		Real Estate Investment Trust

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total			Level 1			Level 2			Level 3⁽¹⁾
Assets
Common Stocks
Automobiles & Components	$	35,241,524		$	19,070,563		$	16,170,961		$	—
Banks		133,863,081			123,976,499			9,886,582			—
Capital Goods		207,656,088			171,120,827			31,893,317			4,641,944
Commercial & Professional Services		127,058,941			120,530,559			6,528,382			—
Consumer Durables & Apparel		91,557,809			84,628,785			6,929,024			—
Consumer Services		118,071,589			116,760,014			—			1,311,575
Diversified Financials		122,828,172			118,656,584			4,171,588			—
Energy		154,917,609			142,163,789			12,753,820			—
Food & Staples Retailing		66,333,941			66,333,941			—			—
Food, Beverage & Tobacco		239,937,900			180,083,364			59,854,536			—
Health Care Equipment & Services		327,845,304			319,575,507			8,269,797			—
Household & Personal Products		40,178,577			40,178,577			—			—
Insurance		221,572,139			195,368,383			26,203,756			—
Materials		143,597,300			127,595,993			16,001,307			—
Media & Entertainment		159,335,031			150,128,461			9,206,570			—
Pharmaceuticals, Biotechnology & Life Sciences		339,434,066			334,662,468			4,771,598			—
Real Estate		222,897,641			213,621,951			9,275,690			—
Retailing		265,177,238			228,771,731			28,218,521			8,186,986
Semiconductors & Semiconductor Equipment		84,485,811			73,360,228			11,125,583			—
Software & Services		402,948,539			402,948,539			—			—
Technology Hardware & Equipment		76,298,678			63,705,177			12,593,501			—
Telecommunication Services		81,488,001			81,488,001			—			—
Transportation		138,578,436			138,578,436			—			—
Utilities		87,323,580			76,578,631			10,744,949			—
Preferred Stocks		45,317,120			—			—			45,317,120
Convertible Preferred Stocks		1,259,169			—			—			1,259,169
Escrows		72,851			—			—			72,851
Short-Term Investments		72,500,104			72,500,104			—			—

Total	$	4,007,776,239		$	3,662,387,112		$	284,599,482		$	60,789,645

Liabilities
Foreign Currency Contracts⁽²⁾	$	(345,582	)	$	—		$	(345,582	)	$	—
Futures Contracts⁽²⁾		(2,656,926	)		(2,656,926	)		—			—

Total	$	(3,002,508	)	$	(2,656,926	)	$	(345,582	)	$	—

⁽¹⁾	For the year ended December 31, 2018, investments valued at $2,347,051 were transferred out of Level 3 due to the expiration of trading restrictions. There were no transfers into 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.


		75

Hartford Capital Appreciation HLS Fund

Schedule of Investments – (continued)

December 31, 2018

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2018:


	Common Stocks			Preferred Stocks			Convertible Preferred Stocks		Escrows		Total
Beginning balance	$	14,720,609		$	46,021,366		$	1,238,075	$	—	$	61,980,050
Conversions*		(31,979	)		—			—		31,979		—
Purchases		—			—			—		—		—
Sales		(193,230	)		(2,385,595	)		—		—		(2,578,825	)
Total realized gain/(loss)		(28,067,350	)		1,369,258			—		—		(26,698,092	)
Net change in unrealized appreciation/depreciation		28,943,823			1,427,774			21,094		40,872		30,433,563
Transfers into Level 3		—			—			—		—		—
Transfers out of Level 3		(1,231,368	)		(1,115,683	)		—		—		(2,347,051	)

Ending balance	$	14,140,505		$	45,317,120		$	1,259,169	$	72,851	$	60,789,645

The change in net unrealized appreciation/(depreciation) relating to the Level 3 investments held at December 31, 2018 was $3,262,089.

*	Private Equity securities that were common stocks are now escrows.

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


		76

Hartford Disciplined Equity HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.7%
		Banks - 8.1%
	587,456	Bank of America Corp.	$	14,474,916
	192,942	Fifth Third Bancorp		4,539,925
	159,836	JP Morgan Chase & Co.		15,603,191
	99,586	PNC Financial Services Group, Inc.		11,642,599

				46,260,631

		Capital Goods - 6.9%
	90,923	AMETEK, Inc.		6,155,487
	36,659	Boeing Co.		11,822,528
	123,774	Fortune Brands Home & Security, Inc.		4,702,174
	31,278	General Dynamics Corp.		4,917,214
	49,571	Illinois Tool Works, Inc.		6,280,150
	36,955	Snap-on, Inc.		5,369,192

				39,246,745

		Commercial & Professional Services - 2.5%
	34,380	Equifax, Inc.		3,201,809
	92,944	IHS Markit Ltd.*		4,458,524
	92,140	Republic Services, Inc.		6,642,373

				14,302,706

		Consumer Durables & Apparel - 3.1%
	138,767	NIKE, Inc. Class B		10,288,185
	99,810	VF Corp.		7,120,446

				17,408,631

		Consumer Services - 3.6%
	178,860	Aramark		5,181,574
	69,453	Hilton Worldwide Holdings, Inc.		4,986,725
	57,031	McDonald’s Corp.		10,126,995

				20,295,294

		Diversified Financials - 2.1%
	63,570	American Express Co.		6,059,492
	79,762	Capital One Financial Corp.		6,029,210

				12,088,702

		Energy - 2.1%
	107,321	Continental Resources, Inc.*		4,313,231
	87,277	EOG Resources, Inc.		7,611,427

				11,924,658

		Food & Staples Retailing - 3.5%
	44,709	Costco Wholesale Corp.		9,107,670
	119,663	Walmart, Inc.		11,146,609

				20,254,279

		Food, Beverage & Tobacco - 1.3%
	15,338	Constellation Brands, Inc. Class A		2,466,657
	99,256	Monster Beverage Corp.*		4,885,381

				7,352,038

		Health Care Equipment & Services - 12.2%
	119,400	Abbott Laboratories		8,636,202
	37,126	Anthem, Inc.		9,750,401
	150,547	Baxter International, Inc.		9,909,004
	57,250	Danaher Corp.		5,903,620
	131,314	Hologic, Inc.*		5,397,005
	45,093	Laboratory Corp. of America Holdings*		5,697,951
	106,075	Medtronic plc		9,648,582
	59,547	UnitedHealth Group, Inc.		14,834,349

				69,777,114

		Household & Personal Products - 4.4%
	142,188	Colgate-Palmolive Co.		8,463,030
	31,024	Estee Lauder Cos., Inc. Class A		4,036,222
	135,531	Procter & Gamble Co.		12,458,010

				24,957,262


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.7% - (continued)
		Insurance - 3.8%
	88,839	Allstate Corp.	$	7,340,767
	93,966	Athene Holding Ltd. Class A*		3,742,666
	81,392	Chubb Ltd.		10,514,218

				21,597,651

		Materials - 2.3%
	92,510	DowDuPont, Inc.		4,947,435
	54,900	Ecolab, Inc.		8,089,515

				13,036,950

		Media & Entertainment - 4.4%
	3,854	Alphabet, Inc. Class C*		3,991,241
	15,322	Alphabet, Inc. Class A*		16,010,877
	40,013	Facebook, Inc. Class A*		5,245,304

				25,247,422

		Pharmaceuticals, Biotechnology & Life Sciences - 7.1%
	34,664	Allergan plc		4,633,190
	110,153	Bristol-Myers Squibb Co.		5,725,753
	101,484	Eli Lilly & Co.		11,743,728
	133,531	Merck & Co., Inc.		10,203,104
	37,452	Thermo Fisher Scientific, Inc.		8,381,383

				40,687,158

		Real Estate - 1.1%
	40,478	American Tower Corp. REIT		6,403,215

		Retailing - 3.8%
	3,745	Amazon.com, Inc.*		5,624,878
	4,284	Booking Holdings, Inc.*		7,378,847
	197,272	TJX Cos., Inc.		8,825,949

				21,829,674

		Semiconductors & Semiconductor Equipment - 1.8%
	115,472	Micron Technology, Inc.*		3,663,927
	183,303	ON Semiconductor Corp.*		3,026,332
	119,183	Teradyne, Inc.		3,739,963

				10,430,222

		Software & Services - 11.4%
	126,204	GoDaddy, Inc. Class A*		8,281,506
	114,825	Leidos Holdings, Inc.		6,053,574
	57,890	Mastercard, Inc. Class A		10,920,949
	161,571	Microsoft Corp.		16,410,766
	53,994	salesforce.com, Inc.*		7,395,558
	111,760	SS&C Technologies Holdings, Inc.		5,041,494
	63,662	Total System Services, Inc.		5,175,084
	36,837	Workday, Inc. Class A*		5,882,132

				65,161,063

		Technology Hardware & Equipment - 4.8%
	68,440	Apple, Inc.		10,795,726
	54,882	CDW Corp.		4,448,186
	62,836	Motorola Solutions, Inc.		7,228,653
	79,967	NetApp, Inc.		4,771,631

				27,244,196

		Telecommunication Services - 2.2%
	219,524	Verizon Communications, Inc.		12,341,639

		Transportation - 1.0%
	36,936	Norfolk Southern Corp.		5,523,409

		Utilities - 5.2%
	135,707	American Electric Power Co., Inc.		10,142,741
	68,561	NextEra Energy, Inc.		11,917,273

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


		77

Hartford Disciplined Equity HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.7% - (continued)
		Utilities - 5.2% - (continued)
	88,913	Pinnacle West Capital Corp.	$	7,575,388

				29,635,402


		Total Common Stocks (cost $460,398,770)	$	563,006,061


		Total Long-Term Investments (cost $460,398,770)	$	563,006,061


SHORT-TERM INVESTMENTS - 1.2%
		Other Investment Pools & Funds - 1.2%
	6,643,831	BlackRock Liquidity Funds Fed Fund Portfolio, Institutional Class, 2.40%⁽¹⁾	$	6,643,831


		Total Short-Term Investments (cost $6,643,831)	$	6,643,831



Total Investments (cost $467,042,601)	99.9	%	$	569,649,892
Other Assets and Liabilities	0.1	%		530,354

Total Net Assets	100.0	%	$	570,180,246

Note:

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

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

*	Non-income producing.

⁽¹⁾	Current yield as of period end.

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


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
REIT		Real Estate Investment Trust

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Assets
Common Stocks
Banks	$	46,260,631	$	46,260,631	$	—	$	—
Capital Goods		39,246,745		39,246,745		—		—
Commercial & Professional Services		14,302,706		14,302,706		—		—
Consumer Durables & Apparel		17,408,631		17,408,631		—		—
Consumer Services		20,295,294		20,295,294		—		—
Diversified Financials		12,088,702		12,088,702		—		—
Energy		11,924,658		11,924,658		—		—
Food & Staples Retailing		20,254,279		20,254,279		—		—
Food, Beverage & Tobacco		7,352,038		7,352,038		—		—
Health Care Equipment & Services		69,777,114		69,777,114		—		—
Household & Personal Products		24,957,262		24,957,262		—		—
Insurance		21,597,651		21,597,651		—		—
Materials		13,036,950		13,036,950		—		—
Media & Entertainment		25,247,422		25,247,422		—		—
Pharmaceuticals, Biotechnology & Life Sciences		40,687,158		40,687,158		—		—
Real Estate		6,403,215		6,403,215		—		—
Retailing		21,829,674		21,829,674		—		—
Semiconductors & Semiconductor Equipment		10,430,222		10,430,222		—		—
Software & Services		65,161,063		65,161,063		—		—
Technology Hardware & Equipment		27,244,196		27,244,196		—		—
Telecommunication Services		12,341,639		12,341,639		—		—
Transportation		5,523,409		5,523,409		—		—
Utilities		29,635,402		29,635,402		—		—
Short-Term Investments		6,643,831		6,643,831		—		—

Total	$	569,649,892	$	569,649,892	$	—	$	—

⁽¹⁾	For the year ended December 31, 2018, there were no transfers in and out of Level 3.

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


		78

Hartford Dividend and Growth HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.1%
		Automobiles & Components - 0.3%
	116,615	Autoliv, Inc.	$	8,189,871

		Banks - 10.0%
	3,961,713	Bank of America Corp.		97,616,608
	394,537	Bank of Nova Scotia		19,675,560
	550,993	Citigroup, Inc.		28,684,696
	1,027,271	JP Morgan Chase & Co.		100,282,195
	429,375	PNC Financial Services Group, Inc.		50,198,231

				296,457,290

		Capital Goods - 5.6%
	239,848	Deere & Co.		35,778,126
	240,606	Eaton Corp. plc		16,520,008
	209,553	General Dynamics Corp.		32,943,827
	874,398	Johnson Controls International plc		25,925,901
	77,450	Lockheed Martin Corp.		20,279,508
	313,689	United Technologies Corp.		33,401,605

				164,848,975

		Consumer Services - 1.0%
	404,117	Hilton Worldwide Holdings, Inc.		29,015,601

		Diversified Financials - 3.1%
	69,804	BlackRock, Inc.		27,420,407
	472,969	Intercontinental Exchange, Inc.		35,628,755
	351,407	Northern Trust Corp.		29,374,111

				92,423,273

		Energy - 8.6%
	337,319	BP plc ADR		12,791,136
	705,822	Chevron Corp.		76,786,375
	427,509	ConocoPhillips		26,655,186
	1,468,196	Encana Corp.		8,486,173
	662,193	Exxon Mobil Corp.		45,154,941
	815,123	Halliburton Co.		21,665,969
	771,701	Hess Corp.		31,253,891
	1,156,712	Suncor Energy, Inc.		32,353,235

				255,146,906

		Food & Staples Retailing - 1.7%
	418,362	Sysco Corp.		26,214,563
	249,970	Walmart, Inc.		23,284,705

				49,499,268

		Food, Beverage & Tobacco - 3.0%
	599,322	Coca-Cola Co.		28,377,897
	382,759	PepsiCo., Inc.		42,287,214
	258,527	Philip Morris International, Inc.		17,259,262

				87,924,373

		Health Care Equipment & Services - 5.6%
	323,523	Abbott Laboratories		23,400,419
	500,977	CVS Health Corp.		32,824,013
	552,546	Medtronic plc		50,259,584
	169,437	UnitedHealth Group, Inc.		42,210,145
	137,716	Universal Health Services, Inc. Class B		16,052,177

				164,746,338

		Household & Personal Products - 0.7%
	384,346	Unilever N.V. ADR		20,677,815

		Insurance - 7.3%
	648,704	American International Group, Inc.		25,565,425
	48,361	Brighthouse Financial, Inc.*		1,474,043
	502,720	Chubb Ltd.		64,941,370
	309,651	Marsh & McLennan Cos., Inc.		24,694,667
	379,336	MetLife, Inc.		15,575,536
	608,746	Principal Financial Group, Inc.		26,888,311
	688,666	Prudential Financial, Inc.		56,160,712

				215,300,064


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.1% - (continued)
		Materials - 4.3%
	212,983	Ball Corp.	$	9,792,958
	636,641	DowDuPont, Inc.		34,047,561
	285,082	FMC Corp.		21,084,665
	767,091	International Paper Co.		30,959,793
	312,363	PPG Industries, Inc.		31,932,869

				127,817,846

		Media & Entertainment - 5.0%
	77,079	Alphabet, Inc. Class A*		80,544,472
	2,010,902	Comcast Corp. Class A		68,471,213

				149,015,685

		Pharmaceuticals, Biotechnology & Life Sciences - 10.6%
	358,334	Agilent Technologies, Inc.		24,173,211
	1,384,533	AstraZeneca plc ADR		52,584,563
	1,159,164	Bristol-Myers Squibb Co.		60,253,345
	301,565	Eli Lilly & Co.		34,897,102
	651,624	Merck & Co., Inc.		49,790,590
	396,133	Novartis AG ADR		33,992,173
	1,366,438	Pfizer, Inc.		59,645,019

				315,336,003

		Real Estate - 2.6%
	210,026	American Tower Corp. REIT		33,224,013
	35,985	Essex Property Trust, Inc. REIT		8,823,882
	213,198	Simon Property Group, Inc. REIT		35,815,132

				77,863,027

		Retailing - 3.5%
	60,755	Alibaba Group Holding Ltd. ADR*		8,327,688
	171,110	Expedia Group, Inc.		19,275,542
	161,412	Home Depot, Inc.		27,733,810
	271,075	Lowe’s Cos., Inc.		25,036,487
	556,102	TJX Cos., Inc.		24,880,003

				105,253,530

		Semiconductors & Semiconductor Equipment - 2.8%
	1,003,676	Intel Corp.		47,102,515
	223,241	KLA-Tencor Corp.		19,977,837
	106,662	QUALCOMM, Inc.		6,070,134
	93,847	Texas Instruments, Inc.		8,868,542

				82,019,028

		Software & Services - 6.0%
	126,956	Accenture plc Class A		17,902,066
	375,190	DXC Technology Co.		19,948,852
	129,139	International Business Machines Corp.		14,679,230
	1,221,149	Microsoft Corp.		124,032,104

				176,562,252

		Technology Hardware & Equipment - 4.3%
	187,596	Apple, Inc.		29,591,393
	887,976	Cisco Systems, Inc.		38,476,000
	1,409,714	HP, Inc.		28,842,749
	269,332	Motorola Solutions, Inc.		30,983,953

				127,894,095

		Telecommunication Services - 4.2%
	706,266	AT&T, Inc.		20,156,832
	1,841,593	Verizon Communications, Inc.		103,534,358

				123,691,190

		Transportation - 2.8%
	401,761	Delta Air Lines, Inc.		20,047,874
	262,699	Union Pacific Corp.		36,312,883
	282,454	United Parcel Service, Inc. Class B		27,547,738

				83,908,495

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


		79

Hartford Dividend and Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.1% - (continued)
		Utilities - 5.1%
	620,580	Dominion Energy, Inc.	$	44,346,647
	442,387	Edison International		25,114,310
	725,790	Exelon Corp.		32,733,129
	280,704	NextEra Energy, Inc.		48,791,969

				150,986,055


		Total Common Stocks (cost $2,340,147,541)	$	2,904,576,980


		Total Long-Term Investments (cost $2,340,147,541)	$	2,904,576,980


SHORT-TERM INVESTMENTS - 1.9%
		Other Investment Pools & Funds - 1.9%
	56,455,893	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽¹⁾	$	56,455,893


		Total Short-Term Investments (cost $56,455,893)	$	56,455,893



Total Investments (cost $2,396,603,434)	100.0	%	$	2,961,032,873
Other Assets and Liabilities	0.0	%		(7,056	)

Total Net Assets	100.0	%	$	2,961,025,817

Note:

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

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

*	Non-income producing.

⁽¹⁾	Current yield as of period end.

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


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

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

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Assets
Common Stocks
Automobiles & Components	$	8,189,871	$	8,189,871	$	—	$	—
Banks		296,457,290		296,457,290		—		—
Capital Goods		164,848,975		164,848,975		—		—
Consumer Services		29,015,601		29,015,601		—		—
Diversified Financials		92,423,273		92,423,273		—		—
Energy		255,146,906		255,146,906		—		—
Food & Staples Retailing		49,499,268		49,499,268		—		—
Food, Beverage & Tobacco		87,924,373		87,924,373		—		—
Health Care Equipment & Services		164,746,338		164,746,338		—		—
Household & Personal Products		20,677,815		20,677,815		—		—
Insurance		215,300,064		215,300,064		—		—
Materials		127,817,846		127,817,846		—		—
Media & Entertainment		149,015,685		149,015,685		—		—
Pharmaceuticals, Biotechnology & Life Sciences		315,336,003		315,336,003		—		—
Real Estate		77,863,027		77,863,027		—		—
Retailing		105,253,530		105,253,530		—		—
Semiconductors & Semiconductor Equipment		82,019,028		82,019,028		—		—
Software & Services		176,562,252		176,562,252		—		—
Technology Hardware & Equipment		127,894,095		127,894,095		—		—
Telecommunication Services		123,691,190		123,691,190		—		—
Transportation		83,908,495		83,908,495		—		—
Utilities		150,986,055		150,986,055		—		—
Short-Term Investments		56,455,893		56,455,893		—		—

Total	$	2,961,032,873	$	2,961,032,873	$	—	$	—

⁽¹⁾	For the year ended December 31, 2018, there were no transfers in and out of Level 3.

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


		80

Hartford Global Growth HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.1%
		Automobiles & Components - 0.6%
	25,480	Ferrari N.V.	$	2,535,362

		Banks - 1.4%
	143,297	Bank of America Corp.		3,530,838
	24,320	HDFC Bank Ltd. ADR		2,519,309

				6,050,147

		Capital Goods - 8.0%
	64,047	ABB Ltd.		1,223,048
	58,960	Airbus SE		5,621,231
	122,640	Assa Abloy AB Class B		2,196,089
	97,049	Atlas Copco AB Class A*		2,315,398
	13,902	Boeing Co.		4,483,395
	17,354	General Dynamics Corp.		2,728,222
	18,059	Harris Corp.		2,431,644
	100,880	Komatsu Ltd.		2,167,904
	26,352	Lockheed Martin Corp.		6,900,008
	23,070	Nidec Corp.		2,610,300
	24,111	Safran S.A.		2,891,751

				35,568,990

		Commercial & Professional Services - 2.3%
	65,684	Edenred		2,419,072
	140,971	Experian plc		3,417,407
	48,620	IHS Markit Ltd.*		2,332,301
	40,337	TransUnion		2,291,142

				10,459,922

		Consumer Durables & Apparel - 4.2%
	14,160	adidas AG		2,959,283
	27,021	Cie Financiere Richemont S.A.		1,742,519
	102,984	NIKE, Inc. Class B		7,635,234
	73,900	Sony Corp.		3,562,691
	151,280	Under Armour, Inc. Class A*		2,673,118

				18,572,845

		Consumer Services - 2.7%
	185,456	Compass Group plc		3,902,888
	9,649	Domino’s Pizza, Inc.		2,392,856
	43,610	Hilton Worldwide Holdings, Inc.		3,131,198
	558,012	Sands China Ltd.		2,433,497

				11,860,439

		Diversified Financials - 5.4%
	68,050	American Express Co.		6,486,526
	42,494	Intercontinental Exchange, Inc.		3,201,073
	55,472	Julius Baer Group Ltd.*		1,976,828
	4,459	Partners Group Holding AG		2,712,616
	17,260	S&P Global, Inc.		2,933,164
	137,980	TD Ameritrade Holding Corp.		6,755,501

				24,065,708

		Energy - 1.5%
	417,759	Encana Corp.		2,411,325
	154,148	Galp Energia SGPS S.A.		2,427,187
	57,990	Schlumberger Ltd.		2,092,279

				6,930,791

		Food & Staples Retailing - 0.6%
	43,165	Sysco Corp.		2,704,719

		Food, Beverage & Tobacco - 3.5%
	17,150	Constellation Brands, Inc. Class A		2,758,063
	328,352	Davide Campari-Milano S.p.A.		2,780,614
	204,530	Diageo plc		7,308,756
	60,565	Monster Beverage Corp.*		2,981,009

				15,828,442


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.1% - (continued)
		Health Care Equipment & Services - 8.8%
	41,942	Abbott Laboratories	$	3,033,665
	14,718	Anthem, Inc.		3,865,388
	42,570	Baxter International, Inc.		2,801,957
	152,335	Boston Scientific Corp.*		5,383,519
	45,970	Edwards Lifesciences Corp.*		7,041,225
	45,000	Hoya Corp.		2,713,502
	9,274	Humana, Inc.		2,656,816
	25,098	Medtronic plc		2,282,914
	11,600	Penumbra, Inc.*		1,417,520
	18,059	Stryker Corp.		2,830,748
	21,094	UnitedHealth Group, Inc.		5,254,937

				39,282,191

		Household & Personal Products - 1.0%
	80,534	Unilever N.V. ADR		4,362,709

		Insurance - 2.6%
	490,600	AIA Group Ltd.		4,075,321
	545,038	Ping An Insurance Group Co. of China Ltd. Class H		4,808,333
	43,715	Progressive Corp.		2,637,326

				11,520,980

		Materials - 1.7%
	155,493	BHP Group plc		3,285,724
	275,644	First Quantum Minerals Ltd.		2,229,058
	28,180	Shin-Etsu Chemical Co., Ltd.		2,165,148

				7,679,930

		Media & Entertainment - 8.1%
	18,371	Alphabet, Inc. Class C*		19,025,191
	36,990	Electronic Arts, Inc.*		2,918,881
	8,877	Netflix, Inc.*		2,376,018
	10,560	Nintendo Co., Ltd.		2,804,092
	25,130	Spotify Technology S.A.*		2,852,255
	85,020	Tencent Holdings Ltd.		3,407,629
	96,989	Yandex N.V. Class A*		2,652,649

				36,036,715

		Pharmaceuticals, Biotechnology & Life Sciences - 8.7%
	83,343	Agilent Technologies, Inc.		5,622,319
	104,354	AstraZeneca plc		7,789,601
	17,870	Bluebird Bio, Inc.*⁽¹⁾		1,772,704
	38,320	Eisai Co., Ltd.		2,966,728
	31,208	Eli Lilly & Co.		3,611,390
	44,580	Gilead Sciences, Inc.		2,788,479
	17,111	ICON plc*		2,210,912
	81,835	Novartis AG		7,008,692
	34,840	Seattle Genetics, Inc.*		1,974,034
	14,965	Thermo Fisher Scientific, Inc.		3,349,017

				39,093,876

		Real Estate - 1.8%
	51,424	American Tower Corp. REIT		8,134,763

		Retailing - 11.4%
	21,032	Alibaba Group Holding Ltd. ADR*		2,882,856
	12,824	Amazon.com, Inc.*		19,261,263
	3,692	Booking Holdings, Inc.*		6,359,175
	54,287	Home Depot, Inc.		9,327,592
	279,151	Just Eat plc*		2,087,570
	34,059	Ross Stores, Inc.		2,833,709
	135,325	TJX Cos., Inc.		6,054,441
	23,990	Wayfair, Inc. Class A*		2,161,019

				50,967,625

		Semiconductors & Semiconductor Equipment - 2.4%
	164,898	Advanced Micro Devices, Inc.*		3,044,017
	136,169	Infineon Technologies AG		2,726,330
	50,657	Micron Technology, Inc.*		1,607,347

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


		81

Hartford Global Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.1% - (continued)
		Semiconductors & Semiconductor Equipment - 2.4% - (continued)
	8,920	NVIDIA Corp.	$	1,190,820
	321,000	Taiwan Semiconductor Manufacturing Co., Ltd.		2,330,854

				10,899,368

		Software & Services - 18.5%
	23,054	Accenture plc Class A		3,250,845
	37,804	Adobe Systems Inc.*		8,552,777
	26,683	Autodesk, Inc.*		3,431,701
	24,921	Automatic Data Processing, Inc.		3,267,642
	13,384	FleetCor Technologies, Inc.*		2,485,676
	27,257	Global Payments, Inc.		2,811,014
	16,522	Intuit, Inc.		3,252,356
	44,033	Mastercard, Inc. Class A		8,306,825
	181,842	Microsoft Corp.		18,469,692
	96,686	PayPal Holdings, Inc.*		8,130,326
	34,011	salesforce.com, Inc.*		4,658,487
	24,543	ServiceNow, Inc.*		4,369,881
	21,140	Splunk, Inc.*		2,216,529
	9,127	Temenos AG*		1,096,725
	29,697	Total System Services, Inc.		2,414,069
	46,526	Visa, Inc. Class A		6,138,640

				82,853,185

		Technology Hardware & Equipment - 1.1%
	39,315	CDW Corp.		3,186,481
	183,483	Sunny Optical Technology Group Co., Ltd.		1,631,904

				4,818,385

		Telecommunication Services - 0.8%
	57,496	T-Mobile US, Inc.*		3,657,321

		Transportation - 2.0%
	38,384	Canadian National Railway Co.		2,842,811
	47,839	CSX Corp.		2,972,237
	23,964	Union Pacific Corp.		3,312,544

				9,127,592


		Total Common Stocks (cost $388,520,806)	$	443,012,005


		Total Long-Term Investments (cost $388,520,806)	$	443,012,005


SHORT-TERM INVESTMENTS - 1.1%
		Other Investment Pools & Funds - 0.9%
	4,158,107	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽²⁾	$	4,158,107

		Securities Lending Collateral - 0.2%
	47,750	Citibank NA DDCA, 2.39%, 1/2/2019⁽²⁾		47,750
	631,003	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽²⁾		631,003
	45,261	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.30%⁽²⁾		45,261
	33,004	Invesco Government & Agency Portfolio, Institutional Class, 2.30%⁽²⁾		33,004
	183,723	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽²⁾		183,724
	14,262	Western Asset Institutional Government Reserves Fund, Institutional Class, 2.28%⁽²⁾		14,262

				955,004


		Total Short-Term Investments (cost $5,113,111)	$	5,113,111



Total Investments (cost $393,633,917)	100.2	%	$	448,125,116
Other Assets and Liabilities	(0.2	)%		(930,146	)

Total Net Assets	100.0	%	$	447,194,970

Note:

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

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

*	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.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt
DDCA		Dollars on Deposit in Custody Account
REIT		Real Estate Investment Trust

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


		82

Hartford Global Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2018

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Assets
Common Stocks
Automobiles & Components	$	2,535,362	$	—	$	2,535,362	$	—
Banks		6,050,147		6,050,147		—		—
Capital Goods		35,568,990		16,543,269		19,025,721		—
Commercial & Professional Services		10,459,922		4,623,443		5,836,479		—
Consumer Durables & Apparel		18,572,845		10,308,352		8,264,493		—
Consumer Services		11,860,439		5,524,054		6,336,385		—
Diversified Financials		24,065,708		19,376,264		4,689,444		—
Energy		6,930,791		4,503,604		2,427,187		—
Food & Staples Retailing		2,704,719		2,704,719		—		—
Food, Beverage & Tobacco		15,828,442		5,739,072		10,089,370		—
Health Care Equipment & Services		39,282,191		36,568,689		2,713,502		—
Household & Personal Products		4,362,709		—		4,362,709		—
Insurance		11,520,980		2,637,326		8,883,654		—
Materials		7,679,930		2,229,058		5,450,872		—
Media & Entertainment		36,036,715		29,824,994		6,211,721		—
Pharmaceuticals, Biotechnology & Life Sciences		39,093,876		21,328,855		17,765,021		—
Real Estate		8,134,763		8,134,763		—		—
Retailing		50,967,625		48,880,055		2,087,570		—
Semiconductors & Semiconductor Equipment		10,899,368		5,842,184		5,057,184		—
Software & Services		82,853,185		81,756,460		1,096,725		—
Technology Hardware & Equipment		4,818,385		3,186,481		1,631,904		—
Telecommunication Services		3,657,321		3,657,321		—		—
Transportation		9,127,592		9,127,592		—		—
Short-Term Investments		5,113,111		5,113,111		—		—

Total	$	448,125,116	$	333,659,813	$	114,465,303	$	—

⁽¹⁾	For the year ended December 31, 2018, there were no transfers in and out of Level 3.

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


		83

Hartford Growth Opportunities HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 94.5%
		Automobiles & Components - 1.0%
	41,783	Tesla, Inc.*	$	13,905,382

		Capital Goods - 3.7%
	114,614	Harris Corp.		15,432,775
	102,599	IDEX Corp.		12,954,150
	51,518	Roper Technologies, Inc.		13,730,577
	917,240	Willscot Corp.*		8,640,401

				50,757,903

		Commercial & Professional Services - 2.7%
	1,941,647	ADT, Inc.⁽¹⁾		11,669,298
	60,811	CoStar Group, Inc.*		20,513,983
	18,785	Klarna Holding AB^(2)(3)(4)		2,390,793
	182,167	Landscape Acquisition Holdings Ltd.*		1,634,547

				36,208,621

		Consumer Durables & Apparel - 2.2%
	149,747	Polaris Industries, Inc.		11,482,600
	478,740	Under Armour, Inc. Class A*		8,459,336
	628,945	Under Armour, Inc. Class C*		10,170,040

				30,111,976

		Consumer Services - 3.9%
	1,556,596	DraftKings, Inc.*^(2)(3)(4)		3,968,635
	184,202	Grand Canyon Education, Inc.*		17,709,180
	223,854	Marriott Vacations Worldwide Corp.		15,783,946
	72,178	Vail Resorts, Inc.		15,216,566

				52,678,327

		Diversified Financials - 4.8%
	319,045	American Express Co.		30,411,370
	1,080,873	J2 Acquisition Ltd.*⁽⁵⁾		9,934,097
	577,000	Platinum Eagle Acquisition Corp.*		6,023,880
	381,981	TD Ameritrade Holding Corp.		18,701,790

				65,071,137

		Energy - 1.5%
	82,102	Concho Resources, Inc.*		8,439,264
	94,011	Diamondback Energy, Inc.		8,714,820
	302,460	WPX Energy, Inc.*		3,432,921

				20,587,005

		Food, Beverage & Tobacco - 3.9%
	322,160	Lamb Weston Holdings, Inc.		23,698,090
	580,510	Monster Beverage Corp.*		28,572,702

				52,270,792

		Health Care Equipment & Services - 11.3%
	136,093	Align Technology, Inc.*		28,501,957
	209,512	Baxter International, Inc.		13,790,080
	88,172	DexCom, Inc.*		10,563,006
	87,337	Edwards Lifesciences Corp.*		13,377,408
	193,414	Haemonetics Corp.*		19,351,071
	348,783	Insulet Corp.*		27,665,467
	171,546	Penumbra, Inc.*		20,962,921
	206,134	Veeva Systems, Inc. Class A*		18,411,889

				152,623,799

		Materials - 1.0%
	139,571	Vulcan Materials Co.		13,789,615

		Media & Entertainment - 11.0%
	6,587	Alphabet, Inc. Class C*		6,821,563
	151,215	Netflix, Inc.*		40,474,207
	680,569	Ocean Outdoor Ltd.*^(2)(3)(5)		6,516,448
	202,279	Spotify Technology S.A.*		22,958,667
	129,965	Take-Two Interactive Software, Inc.*		13,378,597
	220,760	TripAdvisor, Inc.*		11,907,794
	292,579	Walt Disney Co.		32,081,287


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 94.5% - (continued)
		Media & Entertainment - 11.0% - (continued)
	482,608	Zillow Group, Inc. Class C*⁽¹⁾	$	15,240,761

				149,379,324

		Pharmaceuticals, Biotechnology & Life Sciences - 6.0%
	542,568	AstraZeneca plc ADR		20,606,733
	43,317	Bluebird Bio, Inc.*⁽¹⁾		4,297,046
	30,500	Elanco Animal Health, Inc.*		961,665
	359,629	Exact Sciences Corp.*		22,692,590
	12,354	Galapagos N.V. ADR*		1,133,356
	88,983	Galapagos N.V.*		8,156,272
	174,732	Novartis AG		14,964,781
	99,682	Seattle Genetics, Inc.*		5,647,982
	372,500	WuXi AppTec Co., Ltd. Class H*⁽⁵⁾		3,234,787

				81,695,212

		Real Estate - 1.0%
	124,066	Crown Castle International Corp. REIT		13,477,290
	10,657	WeWork Companies, Inc. Class A^(2)(3)(4)		660,840

				14,138,130

		Retailing - 9.4%
	63,647	Amazon.com, Inc.*		95,595,885
	493,548	Floor & Decor Holdings, Inc. Class A*		12,782,893
	41,578	JAND, Inc. Class A^(2)(3)(4)		548,414
	38,805	Tory Burch LLC*^(2)(3)(4)		2,161,052
	176,756	Wayfair, Inc. Class A*		15,922,180

				127,010,424

		Semiconductors & Semiconductor Equipment - 2.6%
	1,065,489	Advanced Micro Devices, Inc.*		19,668,927
	250,570	Teradyne, Inc.		7,862,887
	86,528	Universal Display Corp.⁽¹⁾		8,096,425

				35,628,239

		Software & Services - 25.1%
	267,686	2U, Inc.*		13,309,348
	82,779	Adobe, Inc.*		18,727,921
	182,873	Autodesk, Inc.*		23,519,296
	70,240	Fair Isaac Corp.*		13,134,880
	86,227	FleetCor Technologies, Inc.*		16,014,078
	410,251	GoDaddy, Inc. Class A*		26,920,671
	324,123	Guidewire Software, Inc.*		26,004,388
	313,532	PayPal Holdings, Inc.*		26,364,906
	261,280	salesforce.com, Inc.*		35,787,522
	159,491	ServiceNow, Inc.*		28,397,373
	186,518	Shopify, Inc. Class A*		25,823,417
	129,903	Splunk, Inc.*		13,620,330
	471,063	SS&C Technologies Holdings, Inc.		21,249,652
	173,286	Wix.com Ltd.*		15,654,657
	175,872	Workday, Inc. Class A*		28,083,241
	437,381	Zuora, Inc. Class A*		7,934,091

				340,545,771

		Technology Hardware & Equipment - 1.9%
	299,877	Logitech International S.A.		9,472,687
	103,232	Zebra Technologies Corp. Class A*		16,437,631

				25,910,318

		Transportation - 1.5%
	328,896	CSX Corp.		20,434,309


		Total Common Stocks (cost $1,334,123,476)	$	1,282,746,284


PREFERRED STOCKS - 4.8%
		Real Estate - 1.2%
	145,709	WeWork Companies, Inc. Class D-1*^(2)(3)(4)	$	9,035,415
	114,486	WeWork Companies, Inc. Class D-2*^(2)(3)(4)		7,099,277

				16,134,692

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


		84

Hartford Growth Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†

PREFERRED STOCKS - 4.8% - (continued)
		Retailing - 0.8%
	1,605,750	Coupang LLC*^(2)(3)(4)	$	9,154,060
	92,843	JAND, Inc. Series D*^(2)(3)(4)		1,263,593

				10,417,653

		Software & Services - 2.8%
	1,871,878	Essence Group Holdings Corp. Series 3*^(2)(3)(4)		4,193,007
	287,204	Lookout, Inc. Series F*^(2)(3)(4)		2,122,437
	366,944	MarkLogic Corp. Series F*^(2)(3)(4)		3,669,440
	488,790	Pinterest, Inc. Series G*^(2)(3)(4)		2,380,407
	589,628	Uber Technologies, Inc. Series D*^(2)(3)(4)		25,619,337

				37,984,628


		Total Preferred Stocks (cost $33,556,291)	$	64,536,973


CONVERTIBLE PREFERRED STOCKS - 0.2%
		Retailing - 0.2%
	102,040	Honest Co. Series C*^(2)(3)(4)	$	3,167,321


		Total Convertible Preferred Stocks (cost $2,760,927)	$	3,167,321


ESCROWS - 0.0%⁽⁶⁾
		Capital Goods - 0.0%
	1,458,400	Lithium Technology Corp.*^(2)(3)(4)	$	14,584

		Software & Services - 0.0%
	535,139	Birst, Inc.*^(2)(3)(4)		27,827
	535,139	Birst, Inc. Earnout*^(2)(3)(4)		1
	210,735	Veracode, Inc.*^(2)(3)(4)		114,640

				142,468

		Telecommunication Services - 0.0%
	49,126	Docusign, Inc. Earnout*^(2)(3)(4)		110,533


		Total Escrows (cost $—)	$	267,585


WARRANTS - 0.1%
		Commercial & Professional Services - 0.0%
	516,400	Landscape Acquisition Holdings Ltd. Expires 11/23/22*	$	129,100

		Diversified Financials - 0.1%
	1,195,579	J2 Acquisition Ltd. Expires 9/7/27*		508,121


		Total Warrants (cost $17,120)	$	637,221


		Total Long-Term Investments (cost $1,370,457,814)	$	1,351,355,384


SHORT-TERM INVESTMENTS - 1.2%
		Other Investment Pools & Funds - 0.6%
	8,889,986	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽⁷⁾	$	8,889,986

		Securities Lending Collateral - 0.6%
	394,476	Citibank NA DDCA, 2.39%, 1/2/2019⁽⁷⁾		394,476
	5,212,870	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽⁷⁾		5,212,870
	373,909	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.30%⁽⁷⁾		373,909
	272,656	Invesco Government & Agency Portfolio, Institutional Class, 2.30%⁽⁷⁾		272,656


Shares or Principal Amount			Market Value^†

SHORT-TERM INVESTMENTS - 1.2% - (continued)
		Securities Lending Collateral - 0.6% - (continued)
	1,517,783	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽⁷⁾	$	1,517,783
	117,822	Western Asset Institutional Government Reserves Fund, Institutional Class, 2.28%⁽⁷⁾		117,822

				7,889,516


		Total Short-Term Investments (cost $16,779,502)	$	16,779,502



Total Investments (cost $1,387,237,316)	100.8	%	$	1,368,134,886
Other Assets and Liabilities	(0.8	)%		(10,670,492	)

Total Net Assets	100.0	%	$	1,357,464,394

Note:

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

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

*	Non-income producing.

⁽¹⁾	Represents entire or partial securities on loan. See Note 9 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, 2018, the aggregate fair value of these securities was $84,218,061, which represented 6.2% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

⁽⁴⁾	Investment 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 $77,701,613 or 5.7% of net assets.


Period Acquired		Security Name	Shares/ Par Value		Base Total Cost		Base Market Value
	03/2015	Birst, Inc.		535,139	$	—	$	27,827
	03/2015	Birst, Inc. Earnout		535,139		—		1
	11/2014	Coupang LLC Preferred		1,605,750		4,998,894		9,154,060
	05/2018	Docusign, Inc. Earnout		49,126		—		110,533
	12/2014	DraftKings, Inc.		1,556,596		2,280,348		3,968,635
	05/2014	Essence Group Holdings Corp. Series 3 Preferred		1,871,878		2,960,001		4,193,007
	08/2014	Honest Co. Series C Convertible Preferred		102,040		2,760,927		3,167,321
	04/2015	JAND, Inc. Class A		41,578		477,536		548,414
	04/2015	JAND, Inc. Series D Preferred		92,843		1,066,330		1,263,593
	08/2015	Klarna Holding AB		18,785		2,060,349		2,390,793
	08/2013	Lithium Technology Corp.		1,458,400		—		14,584
	07/2014	Lookout, Inc. Series F Preferred		287,204		3,280,760		2,122,437

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


		85

Hartford Growth Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Period Acquired		Security Name	Shares/ Par Value		Base Total Cost		Base Market Value
	04/2015	MarkLogic Corp. Series F Preferred		366,944	$	4,261,761	$	3,669,440
	03/2015	Pinterest, Inc. Series G Preferred		488,790		3,509,068		2,380,407
	11/2013	Tory Burch LLC		38,805		3,041,403		2,161,052
	06/2014	Uber Technologies, Inc. Series D Preferred		589,628		9,146,929		25,619,337
	04/2017	Veracode, Inc.		210,735		—		114,640
	12/2014	WeWork Companies, Inc. Class A		10,657		177,451		660,840
	12/2014	WeWork Companies, Inc. Class D-1 Preferred		145,709		2,426,224		9,035,415
	12/2014	WeWork Companies, Inc. Class D-2 Preferred		114,486		1,906,324		7,099,277

					$	44,354,305	$	77,701,613

⁽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, 2018, the aggregate value of these securities was $19,685,332, representing 1.5% 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.

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


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt
DDCA		Dollars on Deposit in Custody Account
REIT		Real Estate Investment Trust

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Assets
Common Stocks
Automobiles & Components	$	13,905,382	$	13,905,382	$	—	$	—
Capital Goods		50,757,903		50,757,903		—		—
Commercial & Professional Services		36,208,621		32,183,281		1,634,547		2,390,793
Consumer Durables & Apparel		30,111,976		30,111,976		—		—
Consumer Services		52,678,327		48,709,692		—		3,968,635
Diversified Financials		65,071,137		55,137,040		9,934,097		—
Energy		20,587,005		20,587,005		—		—
Food, Beverage & Tobacco		52,270,792		52,270,792		—		—
Health Care Equipment & Services		152,623,799		152,623,799		—		—
Materials		13,789,615		13,789,615		—		—
Media & Entertainment		149,379,324		142,862,876		—		6,516,448
Pharmaceuticals, Biotechnology & Life Sciences		81,695,212		58,574,159		23,121,053		—
Real Estate		14,138,130		13,477,290		—		660,840
Retailing		127,010,424		124,300,958		—		2,709,466
Semiconductors & Semiconductor Equipment		35,628,239		35,628,239		—		—
Software & Services		340,545,771		340,545,771		—		—
Technology Hardware & Equipment		25,910,318		16,437,631		9,472,687		—
Transportation		20,434,309		20,434,309		—		—
Preferred Stocks		64,536,973		—		—		64,536,973
Convertible Preferred Stocks		3,167,321		—		—		3,167,321
Escrows		267,585		—		—		267,585
Warrants		637,221		637,221		—		—
Short-Term Investments		16,779,502		16,779,502		—		—

Total	$	1,368,134,886	$	1,239,754,441	$	44,162,384	$	84,218,061

⁽¹⁾	For the year ended December 31, 2018, investments valued at $4,900,099 were transferred into Level 3 due to the unavailability of active market pricing and investments valued at $7,211,753 were transferred out of Level 3 due to the expiration of trading restrictions.

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


		86

Hartford Growth Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2018

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2018:


	Common Stocks			Preferred Stocks			Convertible Preferred Stocks		Escrows			Total
Beginning balance	$	22,670,128		$	70,602,059		$	3,114,261	$	—		$	96,386,448
Conversions*		(1,430,104	)		—			—		1,430,104			—
Purchases		1,706,524			—			—		—			1,706,524
Sales		(3,386,625	)		(9,033,437	)				—			(12,420,062	)
Accrued discounts/(premiums)		—			—			—		—			—
Total realized gain/(loss)		(697,200	)		3,901,816			—		—			3,204,616
Net change in unrealized appreciation/depreciation		(4,712,349	)		3,473,997			53,060		(1,162,519	)		(2,347,811	)
Transfers into Level 3		4,900,099			—			—		—			4,900,099
Transfers out of Level 3		(2,804,291	)		(4,407,462	)		—		—			(7,211,753	)

Ending balance	$	16,246,182		$	64,536,973		$	3,167,321	$	267,585		$	84,218,061

The change in net unrealized appreciation/(depreciation) relating to the Level 3 investments held at December 31, 2018 was $6,499,374.

*	Private Equity securities that were common stocks are now escrows.

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


		87

Hartford Healthcare HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.9%
		Biotechnology - 24.5%
	116,887	Aduro Biotech, Inc.*	$	308,582
	27,154	Aimmune Therapeutics, Inc.*		649,524
	64,943	Alder Biopharmaceuticals, Inc.*		665,666
	119,016	Alkermes plc*		3,512,162
	31,472	Alnylam Pharmaceuticals, Inc.*		2,294,624
	41,045	Arena Pharmaceuticals, Inc.*		1,598,703
	50,062	Audentes Therapeutics, Inc.*		1,067,322
	13,470	Biogen, Inc.*		4,053,392
	31,541	Bluebird Bio, Inc.*⁽¹⁾		3,128,867
	57,334	Calithera Biosciences, Inc.*		229,909
	8,612	Celgene Corp.*		551,943
	84,935	Clementia Pharmaceuticals, Inc.*		998,836
	198,658	Coherus Biosciences, Inc.*		1,797,855
	99,814	Cytokinetics, Inc.*		630,824
	72,584	CytomX Therapeutics, Inc.*		1,096,018
	72,955	Forty Seven, Inc.*		1,146,853
	60,513	G1 Therapeutics, Inc.*		1,158,824
	17,152	Galapagos N.V.*		1,572,170
	14,954	Genmab A/S*		2,458,743
	42,963	Genus plc		1,175,163
	54,649	Global Blood Therapeutics, Inc.*		2,243,341
	112,391	GlycoMimetics, Inc.*		1,064,343
	50,610	Heron Therapeutics, Inc.*⁽¹⁾		1,312,823
	26,816	Incyte Corp.*		1,705,229
	17,743	Innate Pharma S.A.*⁽¹⁾		151,236
	138,403	Ironwood Pharmaceuticals, Inc.*		1,433,855
	100,473	Karyopharm Therapeutics, Inc.*		941,432
	37,898	Loxo Oncology, Inc.*		5,308,373
	195,092	Momenta Pharmaceuticals, Inc.*		2,153,816
	44,210	Neon Therapeutics, Inc.*⁽¹⁾		222,376
	73,430	Nightstar Therapeutics plc ADR*		845,914
	87,231	PhaseBio Pharmaceuticals, Inc.*		269,544
	113,658	Portola Pharmaceuticals, Inc.*⁽¹⁾		2,218,604
	65,500	Ra Pharmaceuticals, Inc.*		1,192,100
	37,750	Radius Health, Inc.*		622,497
	1,942	Regeneron Pharmaceuticals, Inc.*		725,337
	359,459	Rigel Pharmaceuticals, Inc.*		826,756
	116,954	Seattle Genetics, Inc.*		6,626,614
	24,610	Spark Therapeutics, Inc.*		963,235
	129,420	Syndax Pharmaceuticals, Inc.*		575,919
	12,357	TESARO, Inc.*		917,507
	139,918	Trevena, Inc.*		60,165
	21,776	Ultragenyx Pharmaceutical, Inc.*		946,820
	32,836	UroGen Pharma Ltd.*		1,413,918
	29,609	Vertex Pharmaceuticals, Inc.*		4,906,507
	21,442	Zealand Pharma A/S ADR*		248,942

				69,993,183

		Health Care Distributors - 1.5%
	32,692	Cardinal Health, Inc.		1,458,063
	25,812	McKesson Corp.		2,851,452

				4,309,515

		Health Care Equipment - 22.9%
	181,523	Abbott Laboratories		13,129,559
	49,435	AtriCure, Inc.*		1,512,711
	34,499	Baxter International, Inc.		2,270,724
	306,519	Boston Scientific Corp.*		10,832,381
	50,956	Danaher Corp.		5,254,583
	32,774	Edwards Lifesciences Corp.*		5,019,993
	25,032	Globus Medical, Inc. Class A*		1,083,385
	37,246	Koninklijke Philips N.V.		1,305,826
	136,656	Medtronic plc		12,430,230
	20,479	NuVasive, Inc.*		1,014,939
	97,244	Smith & Nephew plc		1,820,277
	18,962	Stryker Corp.		2,972,293


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.9% - (continued)
		Health Care Equipment - 22.9% - (continued)
	9,820	Teleflex, Inc.	$	2,538,274
	42,026	Zimmer Biomet Holdings, Inc.		4,358,937

				65,544,112

		Health Care Facilities - 5.0%
	82,280	Acadia Healthcare Co., Inc.*		2,115,419
	774,417	China Resources Medical Holdings Co., Ltd.		505,297
	60,949	HCA Healthcare, Inc.		7,585,103
	38,639	NMC Health plc		1,348,548
	22,334	Universal Health Services, Inc. Class B		2,603,251

				14,157,618

		Health Care Services - 0.8%
	9,062	Cigna Corp.*		1,721,055
	6,130	CVS Health Corp.		401,638
	2,150	Guardant Health, Inc.*⁽¹⁾		80,818

				2,203,511

		Health Care Supplies - 0.0%
	64,227	Endologix, Inc.*		45,987

		Health Care Technology - 3.0%
	118,544	Allscripts Healthcare Solutions, Inc.*		1,142,764
	25,902	athenahealth, Inc.*		3,417,251
	25,746	Cerner Corp.*		1,350,120
	53,765	HMS Holdings Corp.*		1,512,409
	25,031	Teladoc Health, Inc.*		1,240,787

				8,663,331

		Life Sciences Tools & Services - 4.7%
	11,622	ICON plc*		1,501,678
	33,440	Syneos Health, Inc.*		1,315,864
	830	Tecan Group AG		161,548
	39,356	Thermo Fisher Scientific, Inc.		8,807,479
	178,623	WuXi AppTec Co., Ltd. Class H*⁽²⁾		1,551,161

				13,337,730

		Managed Health Care - 12.6%
	31,941	Anthem, Inc.		8,388,665
	16,861	Centene Corp.*		1,944,073
	5,545	Humana, Inc.		1,588,532
	13,042	Molina Healthcare, Inc.*		1,515,741
	78,321	UnitedHealth Group, Inc.		19,511,327
	12,666	WellCare Health Plans, Inc.*		2,990,316

				35,938,654

		Pharmaceuticals - 23.9%
	58,485	Allergan plc		7,817,105
	88,219	Amneal Pharmaceuticals, Inc.*		1,193,603
	47,116	Assembly Biosciences, Inc.*		1,065,764
	196,330	AstraZeneca plc ADR		7,456,613
	210,903	Bristol-Myers Squibb Co.		10,962,738
	24,665	Chugai Pharmaceutical Co., Ltd.		1,430,550
	91,833	Clearside Biomedical, Inc.*		98,261
	40,900	Daiichi Sankyo Co., Ltd.		1,308,215
	46,802	Dermira, Inc.*		336,506
	56,054	Eisai Co., Ltd.		4,339,691
	8,555	Elanco Animal Health, Inc.*		269,739
	87,712	Eli Lilly & Co.		10,150,033
	45,100	Evolus, Inc.*		536,690
	13,496	Hikma Pharmaceuticals plc		295,131
	35,077	Intersect ENT, Inc.*		988,470
	18,691	Kala Pharmaceuticals, Inc.*		91,399
	39,811	Laboratorios Farmaceuticos Rovi S.A.		795,955
	104,897	Medicines Co.^*(1)		2,007,729
	231,041	MediWound Ltd.*		938,026
	100,297	Mylan N.V.*		2,748,138
	55,960	MyoKardia, Inc.*		2,734,206

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


		88

Hartford Healthcare HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.9% - (continued)
		Pharmaceuticals - 23.9% - (continued)
	318,477	Nabriva Therapeutics plc*	$	464,976
	24,763	Novartis AG		2,120,807
	24,985	ObsEva S.A.*		316,310
	77,461	Ono Pharmaceutical Co., Ltd.		1,581,808
	63,496	Revance Therapeutics, Inc.*		1,278,174
	767,736	Sino Biopharmaceutical Ltd.		505,392
	24,024	Takeda Pharmaceutical Co., Ltd.		814,281
	45,871	Teva Pharmaceutical Industries Ltd. ADR		707,330
	20,215	Tricida, Inc.*		476,670
	30,550	UCB S.A.		2,495,221

				68,325,531


		Total Common Stocks (cost $260,087,225)	$	282,519,172


		Total Long-Term Investments (cost $260,087,225)	$	282,519,172


SHORT-TERM INVESTMENTS - 2.2%
		Other Investment Pools & Funds - 1.2%
	3,278,285	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽³⁾	$	3,278,285

		Securities Lending Collateral - 1.0%
	148,513	Citibank NA DDCA, 2.39%, 1/2/2019⁽³⁾		148,513
	1,962,552	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽³⁾		1,962,552
	140,770	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.30%⁽³⁾		140,770
	102,650	Invesco Government & Agency Portfolio, Institutional Class, 2.30%⁽³⁾		102,650
	571,418	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽³⁾		571,418
	44,358	Western Asset Institutional Government Reserves Fund, Institutional Class, 2.28%⁽³⁾		44,358

				2,970,261


		Total Short-Term Investments (cost $6,248,546)	$	6,248,546



Total Investments (cost $266,335,771)	101.1	%	$	288,767,718
Other Assets and Liabilities	(1.1	)%		(3,047,666	)

Total Net Assets	100.0	%	$	285,720,052

Note:

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

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

*	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⁾

⁽³⁾	Current yield as of period end.

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


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt
DDCA		Dollars on Deposit in Custody Account

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Assets
Common Stocks
Biotechnology	$	69,993,183	$	65,811,034	$	4,182,149	$	—
Health Care Distributors		4,309,515		4,309,515		—		—
Health Care Equipment		65,544,112		62,418,009		3,126,103		—
Health Care Facilities		14,157,618		12,303,773		1,853,845		—
Health Care Services		2,203,511		2,203,511		—		—
Health Care Supplies		45,987		45,987		—		—
Health Care Technology		8,663,331		8,663,331		—		—
Life Sciences Tools & Services		13,337,730		13,176,182		161,548		—
Managed Health Care		35,938,654		35,938,654		—		—
Pharmaceuticals		68,325,531		53,434,435		14,891,096		—
Short-Term Investments		6,248,546		6,248,546		—		—

Total	$	288,767,718	$	264,552,977	$	24,214,741	$	—

⁽¹⁾	For the year ended December 31, 2018, there were no transfers in and out of Level 3.

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


		89

Hartford High Yield HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 0.9%
		Consumer Services - 0.2%
	58,800	Caesars Entertainment Corp.*	$	399,252

		Diversified Financials - 0.2%
	21,000	OneMain Holdings, Inc.*		510,090

		Energy - 0.3%
	206,275,142	KCA Deutag*⁽¹⁾⁽²⁾⁽¹³⁾		849,235

		Materials - 0.2%
	57,600	Constellium N.V. Class A*		402,624


		Total Common Stocks (cost $5,082,488)	$	2,161,201


ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 0.0%
		Asset-Backed - Finance & Insurance - 0.0%
$	2,490,000	Soundview NIM Trust 8.25%, 12/25/2036^(1)(2)(3)(4)	$	—


		Total Asset & Commercial Mortgage Backed Securities (cost $2,478,958)	$	—


CORPORATE BONDS - 88.6%
		Aerospace/Defense - 0.4%
		DAE Funding LLC
	370,000	4.50%, 08/01/2022⁽³⁾		355,200
	760,000	5.00%, 08/01/2024⁽³⁾		735,300

				1,090,500

		Auto Parts & Equipment - 0.2%
	685,000	Goodyear Tire & Rubber Co. 5.00%, 05/31/2026		616,500

		Biotechnology - 0.1%
	370,000	Sotera Health Topco, Inc. (8.13% Cash, 8.88% PIK) 8.13%, 11/01/2021⁽³⁾⁽⁵⁾		347,800

		Chemicals - 1.1%
		CF Industries, Inc.
	140,000	4.95%, 06/01/2043		108,500
	767,000	5.15%, 03/15/2034		644,280
	220,000	5.38%, 03/15/2044		178,200
		Chemours Co.
	970,000	6.63%, 05/15/2023		979,700
	305,000	7.00%, 05/15/2025		307,288
	545,000	Starfruit Finco B.V. / Starfruit US Holdco LLC 8.00%, 10/01/2026⁽³⁾		504,125

				2,722,093

		Coal - 2.6%
	1,365,000	Cloud Peak Energy Resources LLC / Cloud Peak Energy Finance Corp. 12.00%, 11/01/2021		778,050
	2,515,000	Foresight Energy LLC / Foresight Energy Finance Corp. 11.50%, 04/01/2023⁽³⁾		2,137,750
	2,390,000	Peabody Energy Corp. 6.38%, 03/31/2025⁽³⁾		2,222,700
	1,435,000	Warrior Met Coal, Inc. 8.00%, 11/01/2024⁽³⁾		1,424,237

				6,562,737

		Commercial Banks - 4.7%
		Banco Bilbao Vizcaya Argentaria S.A.
	2,000,000	5 year USD Swap + 3.870%, 6.13%, 11/16/2027⁽⁶⁾⁽⁷⁾		1,675,000
EUR	800,000	5 year EUR Swap + 6.155%, 7.00%, 02/19/2019^(6)(7)(8)		914,121
	400,000	5 year EUR Swap + 9.177%, 8.88%, 04/14/2021^(6)(7)(8)		496,384
	1,400,000	Banco de Sabadell S.A. 5 year EUR Swap + 6.414%, 6.50%, 05/18/2022^(6)(7)(8)		1,481,776
		BNP Paribas S.A.
$	260,000	5 year USD Swap + 2.838%, 5.13%, 11/15/2027^(3)(6)(7)		224,900


Shares or Principal Amount			Market Value^†

CORPORATE BONDS - 88.6% - (continued)
		Commercial Banks - 4.7% - (continued)
$	1,080,000	5 year USD Swap + 6.314%, 7.63%, 03/30/2021^(3)(6)(7)	$	1,100,250
	690,000	Credit Agricole S.A. 5 year USD Swap + 4.898%, 7.88%, 01/23/2024^(3)(6)(7)		689,099
	2,135,000	Credit Suisse Group AG 5 year USD Swap + 3.455%, 6.25%, 12/18/2024^(6)(7)(8)		2,016,636
	1,580,000	Freedom Mortgage Corp. 8.13%, 11/15/2024⁽³⁾		1,354,850
	730,000	Intesa Sanpaolo S.p.A. 5 year USD Swap + 5.462%, 7.70%, 09/17/2025^(3)(6)(7)		653,350
	1,200,000	UniCredit S.p.A. 5 year USD Swap + 5.180%, 8.00%, 06/03/2024^(6)(7)(8)		1,065,000

				11,671,366

		Commercial Services - 4.5%
	324,000	ACE Cash Express, Inc. 12.00%, 12/15/2022⁽³⁾		282,690
		APX Group, Inc.
	1,180,000	7.63%, 09/01/2023		952,850
	2,050,000	7.88%, 12/01/2022		1,937,250
		Avis Budget Car Rental LLC / Avis Budget Finance, Inc.
	1,195,000	5.25%, 03/15/2025⁽³⁾		1,033,675
	985,000	5.50%, 04/01/2023		950,525
	1,344,000	Brand Industrial Services, Inc. 8.50%, 07/15/2025⁽³⁾		1,145,760
	1,450,000	Garda World Security Corp. 8.75%, 05/15/2025⁽³⁾		1,319,500
		Herc Rentals, Inc.
	665,000	7.50%, 06/01/2022⁽³⁾		689,938
	1,184,000	7.75%, 06/01/2024⁽³⁾		1,234,320
	385,000	Service Corp. International 4.63%, 12/15/2027		361,900
		United Rentals North America, Inc.
	440,000	4.63%, 10/15/2025		392,700
	875,000	5.88%, 09/15/2026		824,687

				11,125,795

		Construction Materials - 0.6%
	1,605,000	Standard Industries, Inc. 5.38%, 11/15/2024⁽³⁾		1,506,694

		Diversified Financial Services - 4.3%
	620,000	Fly Leasing Ltd. 5.25%, 10/15/2024		559,550
	1,370,000	goeasy Ltd. 7.88%, 11/01/2022⁽³⁾		1,387,125
		Navient Corp.
	417,000	5.50%, 01/25/2023		364,875
	365,000	5.63%, 08/01/2033		240,900
	1,641,000	5.88%, 10/25/2024		1,370,235
	1,240,000	6.13%, 03/25/2024		1,063,300
	815,000	6.50%, 06/15/2022		759,987
	527,000	7.25%, 09/25/2023		483,523
		Springleaf Finance Corp.
	490,000	5.25%, 12/15/2019		491,166
	410,000	6.88%, 03/15/2025		366,950
	140,000	7.13%, 03/15/2026		124,950
	675,000	7.75%, 10/01/2021		677,531
	1,730,000	8.25%, 12/15/2020		1,790,550
	720,000	Tempo Acquisition LLC / Tempo Acquisition Finance Corp. 6.75%, 06/01/2025⁽³⁾		666,000
	285,000	Vantiv LLC / Vantiv Issuer Corp. 4.38%, 11/15/2025⁽³⁾		260,775

				10,607,417

		Electric - 0.9%
	2,220,000	AES Corp. 5.13%, 09/01/2027		2,131,200

		Electrical Components & Equipment - 0.5%
EUR	1,085,000	Energizer Gamma Acquisition B.V. 4.63%, 07/15/2026⁽³⁾		1,162,334

		Entertainment - 2.6%
$	1,150,000	Caesars Resort Collection LLC / CRC Finco, Inc. 5.25%, 10/15/2025⁽³⁾		989,000

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


		90

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†

CORPORATE BONDS - 88.6% - (continued)
		Entertainment - 2.6% - (continued)
		Eldorado Resorts, Inc.
$	1,350,000	6.00%, 04/01/2025	$	1,302,264
	195,000	6.00%, 09/15/2026⁽³⁾		184,275
	1,655,000	Jacobs Entertainment, Inc. 7.88%, 02/01/2024⁽³⁾		1,704,650
	1,880,000	Penn National Gaming, Inc. 5.63%, 01/15/2027⁽³⁾		1,682,600
	195,000	Scientific Games International, Inc. 5.00%, 10/15/2025⁽³⁾		174,038
	325,000	WMG Acquisition Corp. 5.00%, 08/01/2023⁽³⁾		316,062

				6,352,889

		Environmental Control - 0.8%
	2,107,000	Tervita Escrow Corp. 7.63%, 12/01/2021⁽³⁾		2,006,918

		Food - 2.2%
		Post Holdings, Inc.
	2,510,000	5.00%, 08/15/2026⁽³⁾		2,284,100
	1,151,000	5.63%, 01/15/2028⁽³⁾		1,058,920
	660,000	5.75%, 03/01/2027⁽³⁾		618,750
	1,665,000	TreeHouse Foods, Inc. 4.88%, 03/15/2022		1,635,862

				5,597,632

		Healthcare - Products - 1.7%
	1,420,000	Avantor, Inc. 6.00%, 10/01/2024⁽³⁾		1,395,150
	2,895,000	Sotera Health Holdings LLC 6.50%, 05/15/2023⁽³⁾		2,771,962

				4,167,112

		Healthcare - Services - 3.5%
	1,835,000	HCA Healthcare, Inc. 6.25%, 02/15/2021		1,876,287
		HCA, Inc.
	670,000	5.25%, 06/15/2026		664,975
	1,085,000	5.38%, 02/01/2025		1,057,875
	1,430,000	5.38%, 09/01/2026		1,390,675
	1,599,000	7.50%, 11/15/2095		1,551,030
	2,340,000	West Street Merger Sub, Inc. 6.38%, 09/01/2025⁽³⁾		2,070,900

				8,611,742

		Home Builders - 3.1%
		Beazer Homes USA, Inc.
	370,000	5.88%, 10/15/2027		292,300
	525,000	6.75%, 03/15/2025		451,500
	1,120,000	8.75%, 03/15/2022		1,120,000
	1,310,000	KB Home 8.00%, 03/15/2020		1,352,575
		M/I Homes, Inc.
	150,000	5.63%, 08/01/2025		137,250
	2,115,000	6.75%, 01/15/2021		2,104,425
	1,690,000	Taylor Morrison Communities, Inc. 6.63%, 05/15/2022		1,692,112
	700,000	TRI Pointe Group, Inc. / TRI Pointe Homes, Inc. 5.88%, 06/15/2024		624,750

				7,774,912

		Household Products - 0.5%
$	2,400,000	Revlon Consumer Products Corp. 6.25%, 08/01/2024		1,272,000

		Household Products/Wares - 0.5%
EUR	1,320,000	Diamond (BC) B.V. 5.63%, 08/15/2025⁽³⁾		1,285,531

		Insurance - 1.3%
		Genworth Holdings, Inc.
$	110,000	4.80%, 02/15/2024		90,750
	770,000	4.90%, 08/15/2023		637,175
	440,000	7.20%, 02/15/2021		433,400
	245,000	7.63%, 09/24/2021		241,938
	35,000	7.70%, 06/15/2020		35,350
	1,910,000	USIS Merger Sub, Inc. 6.88%, 05/01/2025⁽³⁾		1,753,571

				3,192,184


Shares or Principal Amount			Market Value^†

CORPORATE BONDS - 88.6% - (continued)
		Iron/Steel - 1.1%
		AK Steel Corp.
$	760,000	7.00%, 03/15/2027	$	592,800
	1,015,000	7.63%, 10/01/2021		916,037
		Steel Dynamics, Inc.
	230,000	4.13%, 09/15/2025		211,313
	1,130,000	5.50%, 10/01/2024		1,118,700

				2,838,850

		Lodging - 3.1%
		Boyd Gaming Corp.
	790,000	6.00%, 08/15/2026		738,650
	920,000	6.38%, 04/01/2026		890,100
	1,935,000	FelCor Lodging L.P. 6.00%, 06/01/2025		1,978,537
	1,630,000	Jack Ohio Finance LLC / Jack Ohio Finance Corp. 6.75%, 11/15/2021⁽³⁾		1,646,300
	1,170,000	Station Casinos LLC 5.00%, 10/01/2025⁽³⁾		1,058,850
	1,585,000	Sugarhouse HSP Gaming Prop Mezz L.P. / Sugarhouse HSP Gaming Finance Corp. 5.88%, 05/15/2025⁽³⁾		1,481,975

				7,794,412

		Machinery - Diversified - 1.1%
	1,935,000	Cloud Crane LLC 10.13%, 08/01/2024⁽³⁾		1,988,213
	795,000	Stevens Holding Co., Inc. 6.13%, 10/01/2026⁽³⁾		783,075

				2,771,288

		Media - 9.8%
		Altice France S.A.
	2,370,000	7.38%, 05/01/2026⁽³⁾		2,174,475
	1,375,000	8.13%, 02/01/2027⁽³⁾		1,295,937
	1,610,000	Altice Luxembourg S.A. 7.75%, 05/15/2022⁽³⁾		1,465,100
		CCO Holdings LLC / CCO Holdings Capital Corp.
	120,000	5.13%, 02/15/2023		117,000
	245,000	5.13%, 05/01/2023⁽³⁾		238,263
	95,000	5.25%, 09/30/2022		94,169
	545,000	5.75%, 09/01/2023		542,275
	105,000	5.75%, 01/15/2024		103,950
	3,000,000	5.75%, 02/15/2026⁽³⁾		2,940,000
		CSC Holdings LLC
	1,775,000	5.13%, 12/15/2021⁽³⁾		1,739,500
	1,195,000	5.25%, 06/01/2024		1,094,919
	585,000	5.50%, 04/15/2027⁽³⁾		544,050
		DISH DBS Corp.
	830,000	5.00%, 03/15/2023		690,975
	595,000	5.88%, 07/15/2022		547,400
	945,000	6.75%, 06/01/2021		935,267
	556,000	7.88%, 09/01/2019		567,287
		Gray Television, Inc.
	1,255,000	5.13%, 10/15/2024⁽³⁾		1,157,110
	380,000	5.88%, 07/15/2026⁽³⁾		354,274
	1,089,000	Liberty Interactive LLC 8.25%, 02/01/2030		1,061,775
		Sinclair Television Group, Inc.
	520,000	5.13%, 02/15/2027⁽³⁾		458,900
	1,055,000	5.88%, 03/15/2026⁽³⁾		983,787
		TEGNA, Inc.
	1,515,000	4.88%, 09/15/2021⁽³⁾		1,480,912
	1,528,000	5.13%, 10/15/2019		1,527,282
	1,565,000	Tribune Media Co. 5.88%, 07/15/2022		1,572,825
	817,000	WMG Acquisition Corp. 5.50%, 04/15/2026⁽³⁾		780,235

				24,467,667

		Metal Fabricate/Hardware - 0.8%
		Novelis Corp.
	605,000	5.88%, 09/30/2026⁽³⁾		535,425
	1,115,000	6.25%, 08/15/2024⁽³⁾		1,048,100

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


		91

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†

CORPORATE BONDS - 88.6% - (continued)
		Metal Fabricate/Hardware - 0.8% - (continued)
$	340,000	TriMas Corp. 4.88%, 10/15/2025⁽³⁾	$	313,650

				1,897,175

		Mining - 1.6%
	1,075,000	Alcoa Nederland Holding B.V. 6.13%, 05/15/2028⁽³⁾		1,029,313
	520,000	Constellium N.V. 5.88%, 02/15/2026⁽³⁾		462,800
		First Quantum Minerals Ltd.
	760,000	7.00%, 02/15/2021⁽³⁾		729,600
	615,000	7.50%, 04/01/2025⁽³⁾		507,375
		New Gold, Inc.
	105,000	6.25%, 11/15/2022⁽³⁾		88,200
	1,510,000	6.38%, 05/15/2025⁽³⁾		1,147,600

				3,964,888

		Miscellaneous Manufacturing - 0.7%
	1,785,000	Bombardier, Inc. 6.13%, 01/15/2023⁽³⁾		1,673,438

		Office/Business Equipment - 0.4%
		Pitney Bowes, Inc.
	280,000	4.63%, 03/15/2024		236,423
	270,000	4.70%, 04/01/2023		238,275
	460,000	Xerox Corp. 3.63%, 03/15/2023		413,840

				888,538

		Oil & Gas - 7.5%
	2,260,000	Blue Racer Midstream LLC / Blue Racer Finance Corp. 6.13%, 11/15/2022⁽³⁾		2,180,900
	875,000	California Resources Corp. 8.00%, 12/15/2022⁽³⁾		592,813
		Chesapeake Energy Corp.
	1,410,000	7.00%, 10/01/2024		1,219,650
	915,000	7.50%, 10/01/2026		782,325
	1,430,000	Energen Corp. 4.63%, 09/01/2021		1,415,700
	1,355,000	Jagged Peak Energy LLC 5.88%, 05/01/2026⁽³⁾		1,260,150
	885,000	Matador Resources Co. 5.88%, 09/15/2026		814,200
		MEG Energy Corp.
	220,000	6.38%, 01/30/2023⁽³⁾		207,900
	1,090,000	6.50%, 01/15/2025⁽³⁾		1,106,350
	910,000	7.00%, 03/31/2024⁽³⁾		869,050
		QEP Resources, Inc.
	1,895,000	5.25%, 05/01/2023		1,677,075
	205,000	5.38%, 10/01/2022		186,550
	150,000	5.63%, 03/01/2026		124,500
	245,000	6.80%, 03/01/2020		246,531
		SM Energy Co.
	1,680,000	5.00%, 01/15/2024		1,461,600
	240,000	6.13%, 11/15/2022		226,800
	420,000	6.63%, 01/15/2027		371,700
	530,000	Tullow Oil plc 6.25%, 04/15/2022⁽³⁾		510,125
	1,875,000	Vine Oil & Gas L.P. / Vine Oil & Gas Finance Corp. 8.75%, 04/15/2023⁽³⁾		1,481,250
		WPX Energy, Inc.
	1,170,000	5.25%, 09/15/2024		1,058,850
	270,000	5.75%, 06/01/2026		244,350
	384,000	6.00%, 01/15/2022		373,440
	295,000	8.25%, 08/01/2023		308,275

				18,720,084

		Oil & Gas Services - 0.2%
		Weatherford International Ltd.
	250,000	5.95%, 04/15/2042		127,188
	660,000	6.50%, 08/01/2036		343,200
	250,000	7.00%, 03/15/2038		129,375

				599,763

		Packaging & Containers - 5.3%
	1,700,000	ARD Finance S.A. (PIK 7.88%) 7.13%, 09/15/2023⁽⁵⁾		1,525,750


Shares or Principal Amount			Market Value^†

CORPORATE BONDS - 88.6% - (continued)
		Packaging & Containers - 5.3% - (continued)
		Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.
$	340,000	6.00%, 02/15/2025⁽³⁾	$	313,861
	305,000	7.25%, 05/15/2024⁽³⁾		304,238
	2,060,000	Berry Global, Inc. 6.00%, 10/15/2022		2,080,600
	1,015,000	Crown Americas LLC / Crown Americas Capital Corp. 4.75%, 02/01/2026⁽³⁾		956,637
		Flex Acquisition Co., Inc.
	1,875,000	6.88%, 01/15/2025⁽³⁾		1,668,750
	575,000	7.88%, 07/15/2026⁽³⁾		517,500
	1,410,000	Multi-Color Corp. 4.88%, 11/01/2025⁽³⁾		1,212,600
	535,000	OI European Group B.V. 4.00%, 03/15/2023⁽³⁾		500,225
	1,470,000	Plastipak Holdings, Inc. 6.25%, 10/15/2025⁽³⁾		1,300,950
		Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu
	2,070,000	5.13%, 07/15/2023⁽³⁾		1,971,675
	805,000	7.00%, 07/15/2024⁽³⁾		766,762

				13,119,548

		Pharmaceuticals - 4.1%
		Bausch Health Cos., Inc.
	1,720,000	5.50%, 03/01/2023⁽³⁾		1,573,800
	4,360,000	5.88%, 05/15/2023⁽³⁾		4,033,000
	700,000	6.13%, 04/15/2025⁽³⁾		610,750
	240,000	7.00%, 03/15/2024⁽³⁾		242,400
	280,000	Catalent Pharma Solutions, Inc. 4.88%, 01/15/2026⁽³⁾		265,300
		Endo Dac / Endo Finance LLC / Endo Finco, Inc.
	736,000	6.00%, 07/15/2023⁽³⁾		561,200
	1,495,000	6.00%, 02/01/2025⁽³⁾		1,072,663
	910,000	Teva Pharmaceutical Finance LLC 2.25%, 03/18/2020		885,559
		Teva Pharmaceutical Finance Netherlands B.V.
	620,000	3.15%, 10/01/2026		473,193
	640,000	6.75%, 03/01/2028		620,122

				10,337,987

		Pipelines - 1.5%
	905,000	Cheniere Corpus Christi Holdings LLC 5.13%, 06/30/2027		854,365
		Energy Transfer L.P.
	230,000	4.25%, 03/15/2023		221,375
	1,773,000	7.50%, 10/15/2020		1,843,920
	950,000	Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp. 4.75%, 10/01/2023⁽³⁾		916,750

				3,836,410

		Retail - 3.8%
	3,670,000	1011778 BC ULC / New Red Finance, Inc. 5.00%, 10/15/2025⁽³⁾		3,376,400
	895,000	Beacon Roofing Supply, Inc. 4.88%, 11/01/2025⁽³⁾		786,481
		L Brands, Inc.
	925,000	5.25%, 02/01/2028		790,875
	185,000	6.75%, 07/01/2036		150,775
	85,000	6.88%, 11/01/2035		70,992
	965,000	PetSmart, Inc. 5.88%, 06/01/2025⁽³⁾		697,213
	1,200,000	Staples, Inc. 8.50%, 09/15/2025⁽³⁾		1,082,640
	2,890,000	United Rentals North America, Inc. 4.88%, 01/15/2028		2,535,975

				9,491,351

		Semiconductors - 1.8%
	765,000	Entegris, Inc. 4.63%, 02/10/2026⁽³⁾		703,800
	1,865,000	Micron Technology, Inc. 5.50%, 02/01/2025		1,825,369
		Sensata Technologies B.V.
	1,221,000	5.00%, 10/01/2025⁽³⁾		1,147,740
	900,000	5.63%, 11/01/2024⁽³⁾		886,500

				4,563,409

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


		92

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount				Market Value^†

CORPORATE BONDS - 88.6% - (continued)
			Software - 2.5%
$		980,000	Change Healthcare Holdings LLC / Change Healthcare Finance, Inc. 5.75%, 03/01/2025⁽³⁾	$	913,850
			First Data Corp.
		1,425,000	5.38%, 08/15/2023⁽³⁾		1,400,063
		1,361,000	5.75%, 01/15/2024⁽³⁾		1,326,975
		684,000	Infor Software Parent LLC (7.13% Cash, 7.88% PIK) 7.13%, 05/01/2021⁽³⁾⁽⁵⁾		665,190
		2,075,000	Infor U.S., Inc. 6.50%, 05/15/2022		2,006,836

					6,312,914

			Telecommunications - 6.7%
			Altice Financing S.A.
		380,000	6.63%, 02/15/2023⁽³⁾		364,800
		2,270,000	7.50%, 05/15/2026⁽³⁾		2,071,375
			CenturyLink, Inc.
		2,144,000	5.63%, 04/01/2025		1,886,720
		466,000	7.50%, 04/01/2024		449,690
		1,010,000	Embarq Corp. 8.00%, 06/01/2036		914,050
		1,395,000	Frontier Communications Corp. 8.50%, 04/01/2026⁽³⁾		1,220,625
		1,390,000	Intelsat Jackson Holdings S.A. 8.50%, 10/15/2024⁽³⁾		1,348,300
		800,000	Sprint Capital Corp. 6.88%, 11/15/2028		756,000
			Sprint Corp.
		416,000	7.13%, 06/15/2024		411,981
		2,495,000	7.25%, 09/15/2021		2,553,633
		710,000	7.63%, 02/15/2025		710,000
		2,694,000	7.88%, 09/15/2023		2,764,717
		480,000	Telecom Italia Capital S.A. 7.20%, 07/18/2036		458,400
		725,000	Telecom Italia S.p.A. 5.30%, 05/30/2024⁽³⁾		688,750

					16,599,041

			Textiles - 0.5%
		1,395,000	Eagle Intermediate Global Holding B.V./Ruyi US Finance LLC 7.50%, 05/01/2025⁽³⁾		1,305,023


			Total Corporate Bonds (cost $236,513,751)	$	220,987,142


	SENIOR FLOATING RATE INTERESTS - 5.8%⁽⁹⁾
			Chemicals - 0.1%
		245,000	Starfruit Finco B.V1 mo. USD LIBOR + 3.250%, 5.60%, 10/01/2025	$	233,975

			Commercial Services - 0.5%
		766,150	Blackhawk Network Holdings, Inc.1 mo. USD LIBOR + 3.000%, 5.52%, 06/15/2025		727,367
		646,750	Trans Union LLC 1 mo. USD LIBOR + 2.000%, 4.52%, 06/19/2025		622,497

					1,349,864

			Diversified Financial Services - 0.4%
		858,513	Crown Finance U.S., Inc. 1 mo. USD LIBOR + 2.500%, 5.02%, 02/28/2025		809,860
		236,766	SS&C Technologies Holdings Europe S.a.r.l. 1 mo. USD LIBOR + 2.250%, 4.77%, 04/16/2025		222,899

					1,032,759

			Food - 0.1%
		248,750	CHG PPC Parent LLC 1 mo. USD LIBOR + 2.750%, 5.27%, 03/31/2025		238,178

			Gas - 0.1%
		275,000	Messer Industries LLC 0.00%, 10/01/2025⁽¹⁰⁾		260,334

			Healthcare-Services - 0.4%
		908,119	Syneos Health, Inc. 1 mo. USD LIBOR + 2.000%, 4.52%, 08/01/2024		874,636


Shares or Principal Amount			Market Value^†

SENIOR FLOATING RATE INTERESTS - 5.8%⁽⁹⁾ - (continued)
		Household Products - 0.2%
$	475,200	Diamond (BC) B.V. 2 mo. USD LIBOR + 3.000%, 5.53%, 09/06/2024	$	437,184

		Insurance - 1.0%
	1,776,075	Asurion LLC 1 mo. USD LIBOR + 3.000%, 5.52%, 11/03/2024		1,695,601
	178,650	Genworth Holdings, Inc. 1 mo. USD LIBOR + 4.500%, 6.96%, 03/07/2023		175,077
	786,050	Hub International Ltd. 2 mo. USD LIBOR + 2.750%, 5.24%, 04/25/2025		740,609

				2,611,287

		Internet - 0.5%
	1,246,909	Lands’ End, Inc. 1 mo. USD LIBOR + 3.250%, 5.77%, 04/04/2021		1,170,536

		Leisure Time - 0.7%
	1,950,300	Golden Entertainment, Inc. 1 mo. USD LIBOR + 3.000%, 5.53%, 10/21/2024		1,862,537

		Machinery - Diversified - 0.2%
	505,552	Gardner Denver, Inc. 3 mo. USD LIBOR + 2.750%, 5.27%, 07/30/2024		487,069

		Media - 1.1%
	1,419,275	PSAV Holdings LLC 3 mo. USD LIBOR + 3.250%, 5.89%, 03/01/2025		1,341,215
	1,353,209	Shutterfly, Inc. 1 mo. USD LIBOR + 2.750%, 5.28%, 08/17/2024		1,306,699

				2,647,914

		Semiconductors - 0.2%
	574,252	Microchip Technology, Inc. 1 mo. USD LIBOR + 2.000%, 4.53%, 05/29/2025		543,145

		Software - 0.3%
	788,781	SS&C Technologies, Inc. 1 mo. USD LIBOR + 2.250%, 4.77%, 04/16/2025		742,656


		Total Senior Floating Rate Interests (cost $15,207,845)	$	14,492,074


CONVERTIBLE BONDS - 1.1%
		Commercial Services - 0.3%
	690,000	Cardtronics, Inc. 1.00%, 12/01/2020	$	639,057

		Media - 0.2%
	750,000	DISH Network Corp. 3.38%, 08/15/2026		605,637

		Oil & Gas - 0.0%
	1,790,000	Cobalt International Energy, Inc. 2.63%, 12/01/2019⁽⁴⁾		2,327

		Semiconductors - 0.3%
		Microchip Technology, Inc.
	315,000	1.63%, 02/15/2027		307,690
	309,000	2.25%, 02/15/2037		302,995

				610,685

		Software - 0.3%
	1,052,000	Western Digital Corp. 1.50%, 02/01/2024⁽³⁾		852,542


		Total Convertible Bonds (cost $5,091,453)	$	2,710,248


ESCROWS - 0.0%⁽¹¹⁾
		Electric - 0.0%
	415,000	Texas Competitive Electric Holdings Co. LLC 11.50%, 10/01/2020^(1)(2)(4)	$	—

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


		93

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†

ESCROWS - 0.0%⁽¹¹⁾ - (continued)
		Energy - Alternate Sources - 0.0%
$	4,525,000	TCEH Corp.*⁽¹⁾⁽²⁾	$	4
	82,554	Vistra Energy Corp.*		61,503

				61,507


		Total Escrows (cost $— )	$	61,507


		Total Long-Term Investments (cost $264,374,495)	$	240,412,172


SHORT-TERM INVESTMENTS - 2.1%
		Other Investment Pools & Funds - 2.1%
	5,356,712	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽¹²⁾	$	5,356,712


		Total Short-Term Investments (cost $5,356,712)	$	5,356,712



Total Investments (cost $269,731,207)	98.5	%	$	245,768,884
Other Assets and Liabilities	1.5	%		3,638,323

Total Net Assets	100.0	%	$	249,407,207

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.

*	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, 2018, the aggregate fair value of these securities was $849,239, 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⁾

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, 2018, the aggregate value of these securities was $120,677,122, representing 48.4% of net assets.

⁽⁴⁾	Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal.

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

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

⁽⁷⁾	Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2018.

⁽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, 2018, the aggregate value of these securities was $5,973,917, representing 2.4% of net assets.

⁽⁹⁾

Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. Unless otherwise noted, the interest rate disclosed for these securities represents the rate in effect as of December 31, 2018.

⁽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.

⁽¹³⁾	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 $849,235 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	$	849,235

Foreign Currency Contracts Outstanding at December 31, 2018

Amount and Description of
Currency to be Purchased

Amount and Description of
Currency to be Sold

Counterparty

Settlement
Date

Appreciation

Depreciation

5,732,327

USD

4,976,000

EUR

BOA

01/31/19

15,850

—

^†	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.


		94

Hartford High Yield HLS Fund

Schedule of Investments – (continued)

December 31, 2018


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Counterparty Abbreviations:
BOA		Banc of America Securities LLC

Currency Abbreviations:
EUR		Euro
USD		United States Dollar


Other Abbreviations:
LIBOR		London Interbank Offered Rate
PIK		Payment-in-kind

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Assets
Common Stocks
Consumer Services	$	399,252	$	399,252	$	—	$	—
Diversified Financials		510,090		510,090		—		—
Energy		849,235		—		—		849,235
Materials		402,624		402,624		—		—
Asset & Commercial Mortgage Backed Securities		—		—		—		—
Corporate Bonds		220,987,142		—		220,987,142		—
Senior Floating Rate Interests		14,492,074		—		14,492,074		—
Convertible Bonds		2,710,248		—		2,710,248		—
Escrows		61,507		—		61,503		4
Short-Term Investments		5,356,712		5,356,712		—		—
Foreign Currency Contracts⁽²⁾		15,850		—		15,850		—

Total	$	245,784,734	$	6,668,678	$	238,266,817	$	849,239

⁽¹⁾	For the year ended December 31, 2018, 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, 2018 is not presented.

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


		95

Hartford International Opportunities HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.0%
		Australia - 0.9%
	978,948	Treasury Wine Estates Ltd.	$	10,208,260

		Canada - 4.3%
	289,638	Canadian National Railway Co.		21,451,288
	1,668,171	Encana Corp.		9,628,763
	76,113	Magna International, Inc.		3,454,968
	387,619	TransCanada Corp.		13,841,508

				48,376,527

		China - 12.3%
	40,999	58.com, Inc. ADR*		2,222,556
	177,473	Alibaba Group Holding Ltd. ADR*		24,326,224
	20,690	BeiGene Ltd. ADR*		2,901,979
	1,802,821	China Merchants Bank Co., Ltd. Class H		6,583,528
	127,062,651	China Tower Corp. Ltd. Class H*⁽¹⁾		24,027,700
	1,174,776	ENN Energy Holdings Ltd.		10,441,132
	2,436,000	Kingdee International Software Group Co., Ltd.		2,153,647
	238,543	New Oriental Education & Technology Group, Inc. ADR*		13,074,542
	125,100	NIO, Inc. ADR*⁽²⁾		796,887
	2,094,501	Ping An Insurance Group Co. of China Ltd. Class H⁽²⁾		18,477,717
	208,980	Sunny Optical Technology Group Co., Ltd.		1,858,676
	697,752	Tencent Holdings Ltd.		27,966,125
	297,800	WuXi AppTec Co., Ltd. Class H*⁽¹⁾		2,586,093

				137,416,806

		Denmark - 0.5%
	81,760	DSV A/S		5,399,626

		Finland - 0.3%
	47,673	Neste Oyj		3,690,967

		France - 12.7%
	171,307	Airbus SE		16,332,364
	86,417	Capgemini SE		8,595,466
	170,014	Cie Generale des Etablissements Michelin SCA		16,733,963
	68,819	EssilorLuxottica S.A.		8,723,350
	2,720,495	Natixis S.A.		12,831,166
	209,518	Safran S.A.		25,128,524
	618,312	TOTAL S.A.		32,612,933
	69,486	Unibail-Rodamco-Westfield		10,752,576
	348,765	Valeo S.A.		10,171,935

				141,882,277

		Germany - 5.9%
	95,246	Allianz SE		19,140,175
	38,795	Beiersdorf AG		4,046,412
	1,120,052	E.ON SE		11,056,386
	59,319	Siemens AG		6,620,093
	571,279	Vonovia SE		25,752,631

				66,615,697

		Hong Kong - 0.4%
	487,800	AIA Group Ltd.		4,052,062

		India - 2.0%
	581,417	HDFC Bank Ltd.		17,669,447
	1,596,812	Power Grid Corp. of India Ltd.		4,541,738

				22,211,185

		Israel - 0.6%
	463,904	Teva Pharmaceutical Industries Ltd. ADR		7,153,400

		Italy - 1.9%
	120,856	Banca Generali S.p.A.		2,512,503
	132,100	Ferrari N.V.		13,144,481
	436,298	FinecoBank Banca Fineco S.p.A.		4,389,778
	239,698	Pirelli & C. S.p.A.*⁽¹⁾		1,540,340

				21,587,102


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.0% - (continued)
		Japan - 14.6%
	35,300	Daikin Industries Ltd.	$	3,750,817
	363,515	Daiwa House Industry Co., Ltd.		11,595,555
	72,800	Eisai Co., Ltd.		5,636,163
	30,630	FANUC Corp.		4,648,396
	15,396	Keyence Corp.		7,781,841
	209,200	Komatsu Ltd.		4,495,694
	702,678	Mitsui Fudosan Co., Ltd.		15,607,814
	387,900	Nexon Co., Ltd.*		5,007,605
	589,000	NTT DOCOMO, Inc.		13,234,369
	201,513	Ono Pharmaceutical Co., Ltd.		4,115,037
	125,600	Recruit Holdings Co., Ltd.		3,034,336
	295,941	Sony Corp.		14,267,202
	409,887	Sony Financial Holdings, Inc.		7,638,890
	690,530	Sumitomo Mitsui Financial Group, Inc.		22,763,363
	161,787	Sysmex Corp.		7,683,439
	90,700	Terumo Corp.		5,115,942
	474,301	Tokio Marine Holdings, Inc.		22,533,426
	167,400	Yamato Holdings Co., Ltd.		4,589,545

				163,499,434

		Luxembourg - 0.5%
	45,383	Spotify Technology S.A.*		5,150,971

		Netherlands - 7.0%
	366,787	AerCap Holdings N.V.*		14,524,765
	720,960	DP Eurasia N.V.*⁽¹⁾		963,044
	1,425,631	ING Groep N.V.		15,334,925
	583,622	Koninklijke Philips N.V.		20,461,488
	941,669	Royal Dutch Shell plc Class A		27,715,984

				79,000,206

		Norway - 0.5%
	1,276,938	Norsk Hydro ASA		5,785,882

		South Korea - 2.1%
	3,344	Hugel, Inc.*		1,146,993
	5,193	NCSoft Corp.		2,176,751
	571,541	Samsung Electronics Co., Ltd.		19,896,306

				23,220,050

		Spain - 2.7%
	2,548,470	Iberdrola S.A.		20,463,905
	390,185	Industria de Diseno Textil S.A.		9,959,341

				30,423,246

		Switzerland - 11.3%
	181,511	Julius Baer Group Ltd.*		6,468,417
	22,709	Lonza Group AG*		5,903,310
	560,543	Nestle S.A.		45,495,209
	437,967	Novartis AG		37,509,329
	70,898	PSP Swiss Property AG		6,991,890
	155,720	Swiss Re AG		14,326,292
	775,576	UBS Group AG*		9,673,945

				126,368,392

		Taiwan - 2.6%
	4,034,995	Taiwan Semiconductor Manufacturing Co., Ltd.		29,299,023

		United Kingdom - 13.4%
	696,000	Anglo American plc		15,563,020
	243,177	AstraZeneca plc		18,152,172
	1,121,573	BAE Systems plc		6,559,916
	579,560	British American Tobacco plc		18,441,027
	834,861	Compass Group plc		17,569,498
	95,874	Derwent London plc REIT		3,486,108
	181,113	Intertek Group plc		11,084,625
	476,762	Rio Tinto plc		22,833,271
	273,669	Smith & Nephew plc		5,122,717

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


		96

Hartford International Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 97.0% - (continued)
		United Kingdom - 13.4% - (continued)
	574,953	Unilever N.V. ADR	$	31,146,502

				149,958,856

		United States - 0.5%
	285,027	Bausch Health Cos., Inc.*		5,264,449


		Total Common Stocks (cost $1,206,635,860)	$	1,086,564,418


		Total Long-Term Investments (cost $1,206,635,860)	$	1,086,564,418


SHORT-TERM INVESTMENTS - 3.0%
		Other Investment Pools & Funds - 3.0%
	33,850,201	BlackRock Liquidity Funds FedFund Portfolio, Institutional Class, 2.40%⁽³⁾	$	33,850,201

		Securities Lending Collateral - 0.0%
	2,660	Citibank NA DDCA, 2.39%, 1/2/2019⁽³⁾		2,660
	35,151	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽³⁾		35,151
	2,521	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.30%⁽³⁾		2,521
	1,839	Invesco Government & Agency Portfolio, Institutional Class, 2.30%⁽³⁾		1,839
	10,235	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽³⁾		10,235
	794	Western Asset Institutional Government Reserves Fund, Institutional Class, 2.28%⁽³⁾		794

				53,200


		Total Short-Term Investments (cost $33,903,401)	$	33,903,401



Total Investments (cost $1,240,539,261)	100.0	%	$	1,120,467,819
Other Assets and Liabilities	0.0	%		462,345

Total Net Assets	100.0	%	$	1,120,930,164

Note:

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

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

*	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, 2018, the aggregate value of these securities was $29,117,177, representing 2.6% of net assets.

⁽²⁾	Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

⁽³⁾	Current yield as of period end.

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


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt
DDCA		Dollars on Deposit in Custody Account
REIT		Real Estate Investment Trust

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Assets
Common Stocks
Australia	$	10,208,260	$	—	$	10,208,260	$	—
Canada		48,376,527		48,376,527		—		—
China		137,416,806		45,908,281		91,508,525		—
Denmark		5,399,626		—		5,399,626		—
Finland		3,690,967		—		3,690,967		—
France		141,882,277		—		141,882,277		—
Germany		66,615,697		—		66,615,697		—
Hong Kong		4,052,062		—		4,052,062		—
India		22,211,185		—		22,211,185		—
Israel		7,153,400		7,153,400		—		—
Italy		21,587,102		—		21,587,102		—
Japan		163,499,434		—		163,499,434		—
Luxembourg		5,150,971		5,150,971		—		—
Netherlands		79,000,206		15,487,809		63,512,397		—
Norway		5,785,882		—		5,785,882		—
South Korea		23,220,050		—		23,220,050		—
Spain		30,423,246		—		30,423,246		—

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


		97

Hartford International Opportunities HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Switzerland	$	126,368,392	$	—	$	126,368,392	$	—
Taiwan		29,299,023		—		29,299,023		—
United Kingdom		149,958,856		—		149,958,856		—
United States		5,264,449		5,264,449		—		—
Short-Term Investments		33,903,401		33,903,401		—		—

Total	$	1,120,467,819	$	161,244,838	$	959,222,981	$	—

⁽¹⁾	For the year ended December 31, 2018, there were no transfers in and out of Level 3.

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


		98

Hartford MidCap HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.2%
		Banks - 5.8%
	188,180	Cullen/Frost Bankers, Inc.	$	16,548,549
	35,974	First Citizens BancShares, Inc. Class A		13,563,997
	255,999	First Republic Bank		22,246,313
	144,274	M&T Bank Corp.		20,649,938
	150,523	Pinnacle Financial Partners, Inc.		6,939,110
	236,377	Prosperity Bancshares, Inc.		14,726,287
	171,959	South State Corp.		10,308,942

				104,983,136

		Capital Goods - 8.0%
	347,898	Fastenal Co.		18,191,586
	230,941	HEICO Corp. Class A		14,549,283
	237,835	IDEX Corp.		30,029,047
	170,642	Lennox International, Inc.		37,346,708
	232,591	Lincoln Electric Holdings, Inc.		18,339,800
	115,904	Middleby Corp.*		11,906,818
	243,775	PACCAR, Inc.		13,929,304

				144,292,546

		Commercial & Professional Services - 6.9%
	119,353	Cimpress N.V.*		12,343,487
	102,091	Cintas Corp.		17,150,267
	54,821	CoStar Group, Inc.*		18,493,316
	416,502	KAR Auction Services, Inc.		19,875,475
	517,282	TransUnion		29,381,618
	58,042	UniFirst Corp.		8,304,069
	265,314	Waste Connections, Inc.		19,699,565

				125,247,797

		Consumer Durables & Apparel - 3.0%
	195,996	Carter’s, Inc.		15,997,194
	10,855	NVR, Inc.*		26,453,526
	739,632	Under Armour, Inc. Class C*		11,959,849

				54,410,569

		Consumer Services - 2.1%
	566,561	Aramark		16,413,272
	283,388	Choice Hotels International, Inc.		20,284,913
	52,497	Service Corp. International/US		2,113,529

				38,811,714

		Diversified Financials - 3.1%
	54,026	Credit Acceptance Corp.*		20,624,966
	97,233	FactSet Research Systems, Inc.		19,459,240
	183,644	Northern Trust Corp.		15,350,802

				55,435,008

		Energy - 3.1%
	176,185	Diamondback Energy, Inc.		16,332,350
	897,830	Newfield Exploration Co.*		13,162,188
	2,394,558	WPX Energy, Inc.*		27,178,233

				56,672,771

		Health Care Equipment & Services - 7.6%
	219,358	Hill-Rom Holdings, Inc.		19,424,151
	371,056	Integra LifeSciences Holdings Corp.*		16,734,626
	252,198	NuVasive, Inc.*		12,498,933
	188,322	STERIS plc		20,122,206
	107,193	Teleflex, Inc.		27,707,247
	192,479	Varian Medical Systems, Inc.*		21,809,795
	224,108	Veeva Systems, Inc. Class A*		20,017,326

				138,314,284

		Insurance - 5.6%
	25,048	Alleghany Corp.		15,612,919
	27,251	Fairfax Financial Holdings Ltd.		11,996,269
	323,440	Fidelity National Financial, Inc.		10,168,954
	34,005	Markel Corp.*		35,298,890


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.2% - (continued)
		Insurance - 5.6% - (continued)
	17,770	White Mountains Insurance Group Ltd.	$	15,241,151
	183,066	WR Berkley Corp.		13,530,408

				101,848,591

		Materials - 2.8%
	618,385	Ball Corp.		28,433,342
	160,077	Packaging Corp. of America		13,360,027
	371,424	Silgan Holdings, Inc.		8,773,035

				50,566,404

		Media & Entertainment - 2.5%
	217,216	Cargurus, Inc.*		7,326,696
	434,344	TripAdvisor, Inc.*		23,428,515
	122,098	Zillow Group, Inc. Class A*		3,837,540
	334,691	Zillow Group, Inc. Class C*⁽¹⁾		10,569,542

				45,162,293

		Pharmaceuticals, Biotechnology & Life Sciences - 11.5%
	376,114	Aerie Pharmaceuticals, Inc.*		13,577,715
	265,618	Agios Pharmaceuticals, Inc.*		12,247,646
	507,210	Alkermes plc*		14,967,767
	199,336	Alnylam Pharmaceuticals, Inc.*		14,533,588
	113,491	Bio-Techne Corp.		16,424,418
	143,101	Bluebird Bio, Inc.*⁽¹⁾		14,195,619
	343,025	Ionis Pharmaceuticals, Inc.*		18,543,932
	836,772	Ironwood Pharmaceuticals, Inc.*		8,668,958
	31,717	Mettler-Toledo International, Inc.*		17,938,501
	195,617	PRA Health Sciences, Inc.*		17,988,939
	186,208	Repligen Corp.*		9,820,610
	160,781	Sage Therapeutics, Inc.*		15,401,212
	384,884	Seattle Genetics, Inc.*		21,807,527
	307,150	Ultragenyx Pharmaceutical, Inc.*		13,354,882

				209,471,314

		Real Estate - 1.4%
	534,694	Equity Commonwealth REIT		16,046,167
	684,605	Redfin Corp.*⁽¹⁾		9,858,312

				25,904,479

		Retailing - 1.8%
	303,272	CarMax, Inc.*		19,024,253
	287,899	Etsy, Inc.*		13,695,355

				32,719,608

		Semiconductors & Semiconductor Equipment - 2.6%
	241,596	MKS Instruments, Inc.		15,609,518
	132,067	Monolithic Power Systems, Inc.		15,352,789
	205,008	Silicon Laboratories, Inc.*		16,156,680

				47,118,987

		Software & Services - 17.8%
	217,794	2U, Inc.*		10,828,718
	282,666	Akamai Technologies, Inc.*		17,265,239
	295,322	Black Knight, Inc.*		13,307,209
	319,071	Blackbaud, Inc.		20,069,566
	120,387	EPAM Systems, Inc.*		13,966,096
	104,255	Fair Isaac Corp.*		19,495,685
	1,583,552	Genpact Ltd.		42,740,069
	246,379	Global Payments, Inc.		25,409,066
	260,648	Guidewire Software, Inc.*		20,911,789
	246,397	PTC, Inc.*		20,426,311
	765,004	Teradata Corp.*		29,345,553
	208,264	Total System Services, Inc.		16,929,781
	239,393	VeriSign, Inc.*		35,499,588
	269,064	WEX, Inc.*		37,685,104

				323,879,774

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


		99

Hartford MidCap HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.2% - (continued)
		Technology Hardware & Equipment - 7.0%
	379,564	CDW Corp.	$	30,763,662
	892,827	CommScope Holding Co., Inc.*		14,633,435
	115,720	F5 Networks, Inc.*		18,750,112
	653,652	II-VI, Inc.*		21,217,544
	313,574	Keysight Technologies, Inc.*		19,466,674
	474,577	National Instruments Corp.		21,536,304

				126,367,731

		Transportation - 4.0%
	56,098	AMERCO		18,406,315
	334,710	Genesee & Wyoming, Inc. Class A*		24,775,234
	902,327	JetBlue Airways Corp.*		14,491,371
	268,829	Spirit Airlines, Inc.*		15,570,576

				73,243,496

		Utilities - 2.6%
	169,521	Black Hills Corp.		10,642,528
	335,449	NiSource, Inc.		8,503,632
	515,419	UGI Corp.		27,497,604

				46,643,764


		Total Common Stocks (cost $1,660,595,161)	$	1,801,094,266


		Total Long-Term Investments (cost $1,660,595,161)	$	1,801,094,266


SHORT-TERM INVESTMENTS - 1.1%
		Other Investment Pools & Funds - 0.1%
	2,099,522	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽²⁾	$	2,099,522

		Securities Lending Collateral - 1.0%
	864,529	Citibank NA DDCA, 2.39%, 1/2/2019⁽²⁾		864,529
	11,424,475	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽²⁾		11,424,475
	819,455	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.30%⁽²⁾		819,455
	597,551	Invesco Government & Agency Portfolio, Institutional Class, 2.30%⁽²⁾		597,551
	3,326,360	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽²⁾		3,326,360


Shares or Principal Amount			Market Value^†
SHORT-TERM INVESTMENTS - 1.1% - (continued)
		Securities Lending Collateral - 1.0% - (continued)
	258,217	Western Asset Institutional Government Reserves Fund, Institutional Class, 2.28%⁽²⁾	$	258,217

				17,290,587


		Total Short-Term Investments (cost $19,390,109)	$	19,390,109



Total Investments (cost $1,679,985,270)	100.3	%	$	1,820,484,375
Other Assets and Liabilities	(0.3	)%		(5,586,367	)

Total Net Assets	100.0	%	$	1,814,898,008

Note:

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

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

*	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.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
DDCA		Dollars on Deposit in Custody Account
REIT		Real Estate Investment Trust

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Assets
Common Stocks
Banks	$	104,983,136	$	104,983,136	$	—	$	—
Capital Goods		144,292,546		144,292,546		—		—
Commercial & Professional Services		125,247,797		125,247,797		—		—
Consumer Durables & Apparel		54,410,569		54,410,569		—		—
Consumer Services		38,811,714		38,811,714		—		—
Diversified Financials		55,435,008		55,435,008		—		—
Energy		56,672,771		56,672,771		—		—
Health Care Equipment & Services		138,314,284		138,314,284		—		—
Insurance		101,848,591		101,848,591		—		—
Materials		50,566,404		50,566,404		—		—
Media & Entertainment		45,162,293		45,162,293		—		—

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


		100

Hartford MidCap HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Pharmaceuticals, Biotechnology & Life Sciences	$	209,471,314	$	209,471,314	$	—	$	—
Real Estate		25,904,479		25,904,479		—		—
Retailing		32,719,608		32,719,608		—		—
Semiconductors & Semiconductor Equipment		47,118,987		47,118,987		—		—
Software & Services		323,879,774		323,879,774		—		—
Technology Hardware & Equipment		126,367,731		126,367,731		—		—
Transportation		73,243,496		73,243,496		—		—
Utilities		46,643,764		46,643,764		—		—
Short-Term Investments		19,390,109		19,390,109		—		—

Total	$	1,820,484,375	$	1,820,484,375	$	—	$	—

⁽¹⁾	For the year ended December 31, 2018, there were no transfers in and out of Level 3.

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


		101

Hartford MidCap Growth HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.1%
		Banks - 1.9%
	16,346	First Republic Bank	$	1,420,467

		Capital Goods - 8.6%
	38,738	BWX Technologies, Inc.		1,480,954
	22,459	Graco, Inc.		939,909
	29,412	Hexcel Corp.		1,686,484
	14,562	Lincoln Electric Holdings, Inc.		1,148,214
	12,913	Middleby Corp.*		1,326,552

				6,582,113

		Commercial & Professional Services - 7.1%
	8,652	Equifax, Inc.		805,761
	45,347	IHS Markit Ltd.*		2,175,296
	28,555	TransUnion		1,621,924
	10,891	TriNet Group, Inc.*		456,877
	11,814	WageWorks, Inc.*		320,868

				5,380,726

		Consumer Durables & Apparel - 1.1%
	49,348	Under Armour, Inc. Class A*		871,979

		Consumer Services - 13.7%
	96,070	Aramark		2,783,148
	16,782	Bright Horizons Family Solutions, Inc.*		1,870,354
	6,912	Domino’s Pizza, Inc.		1,714,107
	72,547	Extended Stay America, Inc.		1,124,478
	7,035	Grand Canyon Education, Inc.*		676,345
	11,143	Hilton Worldwide Holdings, Inc.		800,067
	6,873	Vail Resorts, Inc.		1,448,966

				10,417,465

		Diversified Financials - 2.6%
	4,122	MarketAxess Holdings, Inc.		871,020
	7,414	MSCI, Inc.		1,093,046

				1,964,066

		Health Care Equipment & Services - 9.2%
	21,802	Acadia Healthcare Co., Inc.*		560,530
	15,382	Cardinal Health, Inc.		686,037
	9,876	Centene Corp.*		1,138,703
	7,273	DexCom, Inc.*		871,305
	10,931	Edwards Lifesciences Corp.*		1,674,301
	2,420	Penumbra, Inc.*		295,724
	10,822	Universal Health Services, Inc. Class B		1,261,412
	2,277	WellCare Health Plans, Inc.*		537,577

				7,025,589

		Media & Entertainment - 3.2%
	2,400	Electronic Arts, Inc.*		189,384
	35,475	Liberty Media Corp-Liberty Formula One		1,089,082
	10,973	Take-Two Interactive Software, Inc.*		1,129,561

				2,408,027

		Pharmaceuticals, Biotechnology & Life Sciences - 8.7%
	8,761	Bluebird Bio, Inc.*⁽¹⁾		869,091
	31,126	Elanco Animal Health, Inc.*		981,403
	5,886	ICON plc*		760,530
	24,290	Incyte Corp.*		1,544,601
	1,859	Mettler-Toledo International, Inc.*		1,051,413
	25,293	Seattle Genetics, Inc.*		1,433,102

				6,640,140

		Real Estate - 3.4%
	15,930	SBA Communications Corp. REIT*		2,578,908

		Retailing - 7.6%
	8,671	Burlington Stores, Inc.*		1,410,512
	7,184	Etsy, Inc.*		341,743
	18,340	Expedia Group, Inc.		2,066,001
	2,112	O’Reilly Automotive, Inc.*		727,225


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.1% - (continued)
		Retailing - 7.6% - (continued)
	2,609	Stamps.com, Inc.*	$	406,065
	9,168	Wayfair, Inc. Class A*		825,853

				5,777,399

		Semiconductors & Semiconductor Equipment - 4.5%
	61,244	Advanced Micro Devices, Inc.*		1,130,564
	10,691	KLA-Tencor Corp.		956,737
	5,804	Monolithic Power Systems, Inc.		674,715
	21,186	Teradyne, Inc.		664,817

				3,426,833

		Software & Services - 21.9%
	7,917	2U, Inc.*		393,633
	6,623	Autodesk, Inc.*		851,784
	26,098	Black Knight, Inc.*		1,175,976
	19,587	Blackbaud, Inc.		1,232,022
	20,202	Ceridian HCM Holding, Inc.*		696,767
	5,921	DocuSign, Inc.*		237,314
	24,328	Gartner, Inc.*		3,110,092
	19,898	Global Payments, Inc.		2,052,081
	12,640	Guidewire Software, Inc.*		1,014,107
	7,958	ServiceNow, Inc.*		1,416,922
	9,839	Splunk, Inc.*		1,031,619
	53,031	SS&C Technologies Holdings, Inc.		2,392,228
	6,539	Workday, Inc. Class A*		1,044,148

				16,648,693

		Technology Hardware & Equipment - 4.6%
	23,486	CDW Corp.		1,903,541
	168,507	Flex Ltd.*		1,282,338
	7,445	Itron, Inc.*		352,074

				3,537,953


		Total Common Stocks (cost $81,931,784)	$	74,680,358


		Total Long-Term Investments (cost $81,931,784)	$	74,680,358


SHORT-TERM INVESTMENTS - 1.6%
		Other Investment Pools & Funds - 1.1%
	822,470	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽²⁾	$	822,470

		Securities Lending Collateral - 0.5%
	20,398	Citibank NA DDCA, 2.39%, 1/2/2019⁽²⁾		20,398
	269,547	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽²⁾		269,547
	19,334	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.30%⁽²⁾		19,334
	14,099	Invesco Government & Agency Portfolio, Institutional Class, 2.30%⁽²⁾		14,098
	78,482	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽²⁾		78,482
	6,092	Western Asset Institutional Government Reserves Fund, Institutional Class, 2.28%⁽²⁾		6,092

				407,951


		Total Short-Term Investments (cost $1,230,421)	$	1,230,421



Total Investments (cost $83,162,205)	99.7	%	$	75,910,779
Other Assets and Liabilities	0.3	%		196,656

Total Net Assets	100.0	%	$	76,107,435

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


		102

Hartford MidCap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2018

Note:

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

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

*	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.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
DDCA		Dollars on Deposit in Custody Account
MSCI		Morgan Stanley Capital International
REIT		Real Estate Investment Trust

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Assets
Common Stocks
Banks	$	1,420,467	$	1,420,467	$	—	$	—
Capital Goods		6,582,113		6,582,113		—		—
Commercial & Professional Services		5,380,726		5,380,726		—		—
Consumer Durables & Apparel		871,979		871,979		—		—
Consumer Services		10,417,465		10,417,465		—		—
Diversified Financials		1,964,066		1,964,066		—		—
Health Care Equipment & Services		7,025,589		7,025,589		—		—
Media & Entertainment		2,408,027		2,408,027		—		—
Pharmaceuticals, Biotechnology & Life Sciences		6,640,140		6,640,140		—		—
Real Estate		2,578,908		2,578,908		—		—
Retailing		5,777,399		5,777,399		—		—
Semiconductors & Semiconductor Equipment		3,426,833		3,426,833		—		—
Software & Services		16,648,693		16,648,693		—		—
Technology Hardware & Equipment		3,537,953		3,537,953		—		—
Short-Term Investments		1,230,421		1,230,421		—		—

Total	$	75,910,779	$	75,910,779	$	—	$	—

⁽¹⁾	For the year ended December 31, 2018, there were no transfers in and out of Level 3.

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


		103

Hartford MidCap Value HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.6%
		Automobiles & Components - 0.7%
	101,758	Goodyear Tire & Rubber Co.	$	2,076,881

		Banks - 10.3%
	87,003	BancorpSouth Bank		2,274,258
	78,614	Bank OZK		1,794,758
	66,113	Comerica, Inc.		4,541,302
	128,983	First Midwest Bancorp, Inc.		2,555,153
	58,718	IBERIABANK Corp.		3,774,393
	27,428	Pinnacle Financial Partners, Inc.		1,264,431
	38,650	South State Corp.		2,317,068
	206,518	Sterling Bancorp		3,409,612
	73,949	Western Alliance Bancorp*		2,920,246
	101,775	Zions Bancorporation		4,146,313

				28,997,534

		Capital Goods - 9.7%
	44,505	Granite Construction, Inc.		1,792,661
	37,949	Harris Corp.		5,109,833
	42,367	Hubbell, Inc.		4,208,738
	125,443	JELD-WEN Holding, Inc.*		1,782,545
	268,456	Milacron Holdings Corp.*		3,191,942
	55,535	Moog, Inc. Class A		4,302,852
	344,294	Sanwa Holdings Corp.		3,909,082
	70,291	Sensata Technologies Holding plc*		3,151,848

				27,449,501

		Commercial & Professional Services - 1.8%
	193,688	Atento S.A.		776,689
	85,033	Clean Harbors, Inc.*		4,196,378

				4,973,067

		Consumer Durables & Apparel - 1.8%
	51,285	Lennar Corp. Class A		2,007,808
	159,935	Newell Brands, Inc.		2,973,191

				4,980,999

		Consumer Services - 0.9%
	59,992	Norwegian Cruise Line Holdings Ltd.*		2,543,061

		Diversified Financials - 0.9%
	319,934	SLM Corp.*		2,658,652

		Energy - 6.6%
	42,064	Delek U.S. Holdings, Inc.		1,367,501
	94,355	Diamondback Energy, Inc.		8,746,708
	611,907	Encana Corp.		3,536,822
	280,474	Laredo Petroleum, Inc.*		1,015,316
	61,421	Viper Energy Partners L.P.		1,599,403
	195,410	WPX Energy, Inc.*		2,217,904

				18,483,654

		Food & Staples Retailing - 1.8%
	163,903	US Foods Holding Corp.*		5,185,891

		Food, Beverage & Tobacco - 1.7%
	18,447	Ingredion, Inc.		1,686,056
	35,518	Post Holdings, Inc.*		3,165,719

				4,851,775

		Health Care Equipment & Services - 3.7%
	70,692	Acadia Healthcare Co., Inc.*		1,817,491
	56,505	Hill-Rom Holdings, Inc.		5,003,518
	33,946	STERIS plc		3,627,130

				10,448,139

		Insurance - 9.1%
	44,560	Assurant, Inc.		3,985,446
	241,946	CNO Financial Group, Inc.		3,600,157
	41,752	Hanover Insurance Group, Inc.		4,875,381
	492,669	Lancashire Holdings Ltd.		3,801,913


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.6% - (continued)
		Insurance - 9.1% - (continued)
	42,466	Reinsurance Group of America, Inc.	$	5,955,007
	111,942	Unum Group		3,288,856

				25,506,760

		Materials - 9.5%
	93,803	Alcoa Corp.*		2,493,284
	122,585	Buzzi Unicem S.p.A.		2,114,374
	85,219	Cabot Corp.		3,659,304
	55,218	Carpenter Technology Corp.		1,966,313
	54,591	Celanese Corp.⁽¹⁾		4,911,552
	123,959	Commercial Metals Co.		1,985,823
	68,479	FMC Corp.		5,064,707
	62,899	Reliance Steel & Aluminum Co.		4,476,522

				26,671,879

		Media & Entertainment - 0.7%
	171,824	TEGNA, Inc.		1,867,727

		Real Estate - 12.1%
	44,891	American Assets Trust, Inc. REIT		1,803,271
	282,157	Brixmor Property Group, Inc. REIT		4,144,886
	157,333	Corporate Office Properties Trust REIT		3,308,713
	28,318	Equity LifeStyle Properties, Inc. REIT		2,750,527
	5,714	Extra Space Storage, Inc. REIT		517,003
	30,834	Life Storage, Inc. REIT		2,867,254
	152,007	Park Hotels & Resorts, Inc. REIT		3,949,142
	240,426	Physicians Realty Trust REIT		3,854,029
	34,406	PS Business Parks, Inc. REIT		4,507,186
	228,815	STORE Capital Corp. REIT		6,477,753

				34,179,764

		Retailing - 1.0%
	98,040	Caleres, Inc.		2,728,453

		Semiconductors & Semiconductor Equipment - 2.7%
	105,277	Axcelis Technologies, Inc.*		1,873,931
	153,227	Ichor Holdings Ltd.*⁽¹⁾		2,497,600
	93,008	Silicon Motion Technology Corp. ADR		3,208,776

				7,580,307

		Software & Services - 6.1%
	70,327	Amdocs Ltd.		4,119,756
	58,300	Booz Allen Hamilton Holding Corp.		2,627,581
	74,860	Leidos Holdings, Inc.		3,946,619
	95,241	SS&C Technologies Holdings, Inc.		4,296,321
	15,399	VeriSign, Inc.*		2,283,518

				17,273,795

		Technology Hardware & Equipment - 6.7%
	37,359	Acacia Communications, Inc.*		1,419,642
	111,056	Arrow Electronics, Inc.*		7,657,311
	16,066	Coherent, Inc.*		1,698,337
	71,774	Itron, Inc.*		3,394,192
	91,798	KEMET Corp.		1,610,137
	47,984	Keysight Technologies, Inc.*		2,978,847

				18,758,466

		Telecommunication Services - 1.6%
	72,415	Millicom International Cellular S.A. ADR		4,582,110

		Transportation - 3.4%
	63,677	Genesee & Wyoming, Inc. Class A*		4,713,372
	200,584	JetBlue Airways Corp.*		3,221,379
	66,084	Knight-Swift Transportation Holdings, Inc.		1,656,726

				9,591,477

		Utilities - 5.8%
	128,693	Alliant Energy Corp.		5,437,279
	47,329	Evergy, Inc.		2,686,867

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


		104

Hartford MidCap Value HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.6% - (continued)
		Utilities - 5.8% - (continued)
	153,584	UGI Corp.	$	8,193,707

				16,317,853

		Total Common Stocks (cost $281,728,041)	$	277,707,745


		Total Long-Term Investments (cost $281,728,041)	$	277,707,745


SHORT-TERM INVESTMENTS - 2.1%
		Other Investment Pools & Funds - 1.4%
	3,395,095	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽²⁾	$	3,950,952

		Securities Lending Collateral - 0.7%
	103,208	Citibank NA DDCA, 2.39%, 1/2/2019⁽²⁾		103,208
	1,363,857	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽²⁾		1,363,857
	97,827	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.30%⁽²⁾		97,827
	71,336	Invesco Government & Agency Portfolio, Institutional Class, 2.30%⁽²⁾		71,336
	397,102	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽²⁾		397,102
	30,826	Western Asset Institutional Government Reserves Fund, Institutional Class, 2.28%⁽²⁾		30,826

				2,064,156


		Total Short-Term Investments (cost $6,015,108)	$	6,015,108



Total Investments (cost $287,743,149)	100.7	%	$	283,722,853
Other Assets and Liabilities	(0.7	)%		(2,054,854	)

Total Net Assets	100.0	%	$	281,667,999

Note:

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

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

*	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.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt
DDCA		Dollars on Deposit in Custody Account
REIT		Real Estate Investment Trust

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Assets
Common Stocks
Automobiles & Components	$	2,076,881	$	2,076,881	$	—	$	—
Banks		28,997,534		28,997,534		—		—
Capital Goods		27,449,501		23,540,419		3,909,082		—
Commercial & Professional Services		4,973,067		4,973,067		—		—
Consumer Durables & Apparel		4,980,999		4,980,999		—		—
Consumer Services		2,543,061		2,543,061		—		—
Diversified Financials		2,658,652		2,658,652		—		—
Energy		18,483,654		18,483,654		—		—
Food & Staples Retailing		5,185,891		5,185,891		—		—
Food, Beverage & Tobacco		4,851,775		4,851,775		—		—
Health Care Equipment & Services		10,448,139		10,448,139		—		—
Insurance		25,506,760		21,704,847		3,801,913		—
Materials		26,671,879		24,557,505		2,114,374		—
Media & Entertainment		1,867,727		1,867,727		—		—
Real Estate		34,179,764		34,179,764		—		—
Retailing		2,728,453		2,728,453		—		—
Semiconductors & Semiconductor Equipment		7,580,307		7,580,307		—		—
Software & Services		17,273,795		17,273,795		—		—
Technology Hardware & Equipment		18,758,466		18,758,466		—		—
Telecommunication Services		4,582,110		—		4,582,110		—
Transportation		9,591,477		9,591,477		—		—
Utilities		16,317,853		16,317,853		—		—
Short-Term Investments		6,015,108		6,015,108		—		—

Total	$	283,722,853	$	269,315,374	$	14,407,479	$	—

⁽¹⁾	For the year ended December 31, 2018, there were no transfers in and out of Level 3.

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


		105

Hartford Small Cap Growth HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 93.7%
		Automobiles & Components - 1.5%
	158,221	Cooper Tire & Rubber Co.	$	5,115,285
	244,764	Tenneco, Inc.		6,704,086
	84,238	Visteon Corp.*		5,077,867

				16,897,238

		Banks - 4.6%
	224,328	First Busey Corp.		5,505,009
	269,394	First Hawaiian, Inc.		6,064,059
	155,993	Great Western Bancorp, Inc.		4,874,781
	118,034	IBERIABANK Corp.		7,587,225
	873,579	MGIC Investment Corp.*		9,137,636
	235,637	Seacoast Banking Corp. of Florida*		6,131,275
	448,503	Sterling Bancorp		7,404,785
	142,148	Triumph Bancorp, Inc.*		4,221,796

				50,926,566

		Capital Goods - 9.6%
	259,204	Aerojet Rocketdyne Holdings, Inc.*		9,131,757
	266,804	Altra Industrial Motion Corp.		6,710,121
	65,479	American Woodmark Corp.*		3,645,871
	147,792	Applied Industrial Technologies, Inc.		7,971,901
	88,725	Armstrong World Industries, Inc.		5,164,682
	105,078	Astec Industries, Inc.		3,172,305
	151,155	Axon Enterprise, Inc.*		6,613,031
	133,290	AZZ, Inc.		5,379,584
	181,063	Generac Holdings, Inc.*		8,998,831
	213,536	ITT, Inc.		10,307,383
	251,685	JELD-WEN Holding, Inc.*		3,576,444
	153,463	John Bean Technologies Corp.		11,020,178
	132,212	Mercury Systems, Inc.*		6,252,305
	414,771	Milacron Holdings Corp.*		4,931,627
	330,317	Rexnord Corp.*		7,580,775
	74,151	SiteOne Landscape Supply, Inc.*		4,098,326
	224,045	Welbilt, Inc.*		2,489,140

				107,044,261

		Commercial & Professional Services - 4.4%
	361,080	Advanced Disposal Services, Inc.*		8,644,255
	172,373	ASGN, Inc.*		9,394,328
	155,606	Clean Harbors, Inc.*		7,679,156
	204,181	Exponent, Inc.		10,354,019
	90,273	Huron Consulting Group, Inc.*		4,631,908
	93,457	MSA Safety, Inc.		8,810,191

				49,513,857

		Consumer Durables & Apparel - 5.4%
	130,289	Carter’s, Inc.		10,634,188
	144,720	Oxford Industries, Inc.		10,280,909
	94,400	Skyline Champion Corp.		1,386,736
	458,736	Steven Madden Ltd.		13,881,351
	195,022	TopBuild Corp.*		8,775,990
	464,850	Wolverine World Wide, Inc.		14,824,067

				59,783,241

		Consumer Services - 2.5%
	150,718	Dunkin’ Brands Group, Inc.		9,664,038
	120,330	Marriott Vacations Worldwide Corp.		8,484,468
	158,498	Wingstop, Inc.		10,173,987

				28,322,493

		Diversified Financials - 2.3%
	258,472	Blucora, Inc.*		6,885,694
	115,291	Evercore, Inc. Class A		8,250,224
	156,233	OneMain Holdings, Inc.*		3,794,900
	856,694	SLM Corp.*		7,119,127

				26,049,945


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 93.7% - (continued)
		Energy - 1.5%
	190,236	Newfield Exploration Co.*	$	2,788,860
	133,450	PDC Energy, Inc.*		3,971,472
	345,673	ProPetro Holding Corp.*		4,258,691
	400,020	WildHorse Resource Development Corp.*		5,644,282

				16,663,305

		Food & Staples Retailing - 2.2%
	48,686	Casey’s General Stores, Inc.		6,238,624
	339,464	Performance Food Group Co.*		10,954,504
	119,332	PriceSmart, Inc.		7,052,521

				24,245,649

		Food, Beverage & Tobacco - 1.2%
	597,585	Hostess Brands, Inc.*		6,537,580
	81,860	Post Holdings, Inc.*		7,296,182

				13,833,762

		Health Care Equipment & Services - 13.1%
	240,697	AtriCure, Inc.*		7,365,328
	234,918	Cardiovascular Systems, Inc.*		6,692,814
	291,078	Globus Medical, Inc. Class A*		12,597,856
	85,462	Haemonetics Corp.*		8,550,473
	345,189	HMS Holdings Corp.*		9,710,167
	38,873	ICU Medical, Inc.*		8,926,407
	143,679	Insulet Corp.*		11,396,618
	156,205	Integra LifeSciences Holdings Corp.*		7,044,846
	81,046	LHC Group, Inc.*		7,608,598
	56,138	LivaNova plc*		5,134,943
	90,863	Medidata Solutions, Inc.*		6,125,983
	225,564	Merit Medical Systems, Inc.*		12,588,727
	206,377	Omnicell, Inc.*		12,638,527
	368,695	OraSure Technologies, Inc.*		4,306,358
	75,321	Orthofix Medical, Inc.*		3,953,599
	89,313	Providence Service Corp.*		5,360,566
	699,442	R1 RCM, Inc.*		5,560,564
	95,280	Teladoc Health, Inc.*⁽¹⁾		4,723,030
	57,219	U.S. Physical Therapy, Inc.		5,856,365

				146,141,769

		Household & Personal Products - 0.7%
	212,070	Edgewell Personal Care Co.*		7,920,815

		Insurance - 0.9%
	269,979	James River Group Holdings Ltd.		9,865,033

		Materials - 2.9%
	141,699	Boise Cascade Co.		3,379,521
	607,651	Graphic Packaging Holding Co.		6,465,407
	232,276	Louisiana-Pacific Corp.		5,161,173
	497,560	OMNOVA Solutions, Inc.*		3,647,115
	312,594	PolyOne Corp.		8,940,188
	364,965	Summit Materials, Inc. Class A*		4,525,566

				32,118,970

		Media & Entertainment - 0.4%
	558,107	TrueCar, Inc.*		5,056,449

		Pharmaceuticals, Biotechnology & Life Sciences - 12.4%
	227,314	Abeona Therapeutics, Inc.*⁽¹⁾		1,623,022
	145,720	Aerie Pharmaceuticals, Inc.*		5,260,492
	54,568	Agios Pharmaceuticals, Inc.*		2,516,130
	629,556	Amicus Therapeutics, Inc.*		6,031,146
	442,737	Amneal Pharmaceuticals, Inc.*		5,990,232
	53,025	Aptinyx, Inc.*		877,033
	180,359	Arena Pharmaceuticals, Inc.*		7,024,983
	103,151	Assembly Biosciences, Inc.*		2,333,276
	151,423	Audentes Therapeutics, Inc.*		3,228,338
	47,145	Avrobio, Inc.*		784,964
	120,621	Biohaven Pharmaceutical Holding Co., Ltd.*		4,460,565
	134,120	Blueprint Medicines Corp.*		7,230,409

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


		106

Hartford Small Cap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 93.7% - (continued)
		Pharmaceuticals, Biotechnology & Life Sciences - 12.4% - (continued)
	202,517	Catalent, Inc.*	$	6,314,480
	217,746	Dermira, Inc.*		1,565,594
	247,435	Five Prime Therapeutics, Inc.*		2,301,145
	159,036	Flexion Therapeutics, Inc.*		1,800,288
	132,463	G1 Therapeutics, Inc.*		2,536,666
	182,017	GlycoMimetics, Inc.*		1,723,701
	271,960	Heron Therapeutics, Inc.*		7,054,642
	356,498	Intersect ENT, Inc.*		10,046,114
	112,700	Karyopharm Therapeutics, Inc.*		1,055,999
	72,837	Loxo Oncology, Inc.*		10,202,279
	16,830	Madrigal Pharmaceuticals, Inc.*⁽¹⁾		1,897,078
	125,826	Minerva Neurosciences, Inc.*		848,067
	149,805	MyoKardia, Inc.*		7,319,472
	369,654	NanoString Technologies, Inc.*		5,481,969
	158,430	Portola Pharmaceuticals, Inc.*⁽¹⁾		3,092,554
	97,714	REGENXBIO, Inc.*		4,099,102
	203,216	Revance Therapeutics, Inc.*		4,090,738
	860,583	Rigel Pharmaceuticals, Inc.*		1,979,341
	102,858	Spark Therapeutics, Inc.*		4,025,862
	185,085	Syneos Health, Inc.*		7,283,095
	146,664	Ultragenyx Pharmaceutical, Inc.*		6,376,951

				138,455,727

		Real Estate - 2.8%
	298,772	Columbia Property Trust, Inc. REIT		5,781,238
	61,454	Coresite Realty Corp. REIT		5,360,632
	227,697	Corporate Office Properties Trust REIT		4,788,468
	240,215	Pebblebrook Hotel Trust REIT		6,800,487
	61,974	PS Business Parks, Inc. REIT		8,118,594

				30,849,419

		Retailing - 3.5%
	275,103	Caleres, Inc.		7,656,116
	212,872	Core-Mark Holding Co., Inc.		4,949,274
	182,553	Etsy, Inc.*		8,684,046
	92,600	Five Below, Inc.*		9,474,832
	164,459	Floor & Decor Holdings, Inc. Class A*		4,259,488
	332,588	Michaels Cos., Inc.*⁽¹⁾		4,503,242

				39,526,998

		Semiconductors & Semiconductor Equipment - 3.0%
	131,960	Cirrus Logic, Inc.*		4,378,433
	398,583	Cohu, Inc.		6,405,229
	160,893	Diodes, Inc.*		5,190,408
	360,994	Entegris, Inc.		10,069,928
	501,037	FormFactor, Inc.*		7,059,611

				33,103,609

		Software & Services - 14.3%
	111,638	2U, Inc.*		5,550,641
	316,819	8x8, Inc.*		5,715,415
	83,541	Alteryx, Inc. Class A*		4,968,183
	89,711	Blackbaud, Inc.		5,642,822
	54,169	CACI International, Inc. Class A*		7,801,961
	232,904	Carbonite, Inc.*		5,883,155
	477,853	Cloudera, Inc.*		5,285,054
	49,079	EPAM Systems, Inc.*		5,693,655
	153,259	Everbridge, Inc.*		8,698,981
	51,243	Fair Isaac Corp.*		9,582,441
	249,545	Five9, Inc.*		10,910,107
	270,308	ForeScout Technologies, Inc.*		7,025,305
	68,695	HubSpot, Inc.*		8,637,022
	118,513	Instructure, Inc.*		4,445,423
	133,145	LiveRamp Holdings, Inc.*		5,143,391
	233,371	MINDBODY, Inc. Class A*		8,494,704
	59,095	MongoDB, Inc.*⁽¹⁾		4,948,615
	106,537	New Relic, Inc.*		8,626,301


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 93.7% - (continued)
		Software & Services - 14.3% - (continued)
	134,245	Paylocity Holding Corp.*	$	8,082,892
	158,469	Pegasystems, Inc.		7,579,572
	304,187	Pivotal Software, Inc. Class A*		4,973,458
	90,546	Q2 Holdings, Inc.*		4,486,554
	69,638	Science Applications International Corp.		4,435,941
	61,433	Trade Desk, Inc. Class A*		7,129,914

				159,741,507

		Technology Hardware & Equipment - 2.2%
	251,294	CTS Corp.		6,506,002
	117,610	ePlus, Inc.*		8,370,304
	77,420	Lumentum Holdings, Inc.*		3,252,414
	63,977	Rogers Corp.*		6,337,561

				24,466,281

		Telecommunication Services - 0.8%
	405,609	ORBCOMM, Inc.*		3,350,330
	634,867	Vonage Holdings Corp.*		5,542,389

				8,892,719

		Transportation - 1.5%
	118,562	Genesee & Wyoming, Inc. Class A*		8,775,959
	100,437	Knight-Swift Transportation Holdings, Inc.		2,517,955
	312,393	Marten Transport Ltd.		5,057,643

				16,351,557


		Total Common Stocks (cost $1,116,091,672)	$	1,045,771,170


EXCHANGE-TRADED FUNDS - 4.4%
		Other Investment Pools & Funds - 4.4%
	290,806	iShares Russell 2000 Growth ETF⁽¹⁾	$	48,855,408


		Total Exchange-Traded Funds (cost $53,656,288)	$	48,855,408


		Total Long-Term Investments (cost $1,169,747,960)	$	1,094,626,578


SHORT-TERM INVESTMENTS - 5.3%
		Other Investment Pools & Funds - 1.4%
	16,044,341	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽²⁾	$	16,044,341

		Securities Lending Collateral - 3.9%
	2,176,416	Citibank NA DDCA, 2.39%, 1/2/2019⁽²⁾		2,176,416
	28,760,636	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽²⁾		28,760,636
	2,062,943	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.30%⁽²⁾		2,062,943
	1,504,310	Invesco Government & Agency Portfolio, Institutional Class, 2.30%⁽²⁾		1,504,310
	8,373,971	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽²⁾		8,373,971
	650,050	Western Asset Institutional Government Reserves Fund, Institutional Class, 2.28%⁽²⁾		650,050

				43,528,326


		Total Short-Term Investments (cost $59,572,667)	$	59,572,667



Total Investments (cost $1,229,320,627)	103.4	%	$	1,154,199,245
Other Assets and Liabilities	(3.4	)%		(37,817,877	)

Total Net Assets	100.0	%	$	1,116,381,368

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


		107

Hartford Small Cap Growth HLS Fund

Schedule of Investments – (continued)

December 31, 2018

Note:

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

Other than the industry classifications “Other Investment Pools & Funds,” equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s.

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

*	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.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
DDCA		Dollars on Deposit in Custody Account
ETF		Exchange-Traded Fund
REIT		Real Estate Investment Trust

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Assets
Common Stocks
Automobiles & Components	$	16,897,238	$	16,897,238	$	—	$	—
Banks		50,926,566		50,926,566		—		—
Capital Goods		107,044,261		107,044,261		—		—
Commercial & Professional Services		49,513,857		49,513,857		—		—
Consumer Durables & Apparel		59,783,241		59,783,241		—		—
Consumer Services		28,322,493		28,322,493		—		—
Diversified Financials		26,049,945		26,049,945		—		—
Energy		16,663,305		16,663,305		—		—
Food & Staples Retailing		24,245,649		24,245,649		—		—
Food, Beverage & Tobacco		13,833,762		13,833,762		—		—
Health Care Equipment & Services		146,141,769		146,141,769		—		—
Household & Personal Products		7,920,815		7,920,815		—		—
Insurance		9,865,033		9,865,033		—		—
Materials		32,118,970		32,118,970		—		—
Media & Entertainment		5,056,449		5,056,449		—		—
Pharmaceuticals, Biotechnology & Life Sciences		138,455,727		138,455,727		—		—
Real Estate		30,849,419		30,849,419		—		—
Retailing		39,526,998		39,526,998		—		—
Semiconductors & Semiconductor Equipment		33,103,609		33,103,609		—		—
Software & Services		159,741,507		159,741,507		—		—
Technology Hardware & Equipment		24,466,281		24,466,281		—		—
Telecommunication Services		8,892,719		8,892,719		—		—
Transportation		16,351,557		16,351,557		—		—
Exchange-Traded Funds		48,855,408		48,855,408		—		—
Short-Term Investments		59,572,667		59,572,667		—		—

Total	$	1,154,199,245	$	1,154,199,245	$	—	$	—

⁽¹⁾	For the year ended December 31, 2018, there were no transfers in and out of Level 3.

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


		108

Hartford Small Company HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 95.9%
		Banks - 5.1%
	158,420	BancorpSouth Bank	$	4,141,099
	155,718	CenterState Bank Corp.		3,276,307
	521,876	MGIC Investment Corp.*		5,458,823
	337,475	Sterling Bancorp		5,571,712
	55,171	Texas Capital Bancshares, Inc.*		2,818,686
	180,290	Union Bankshares Corp.		5,089,587

				26,356,214

		Capital Goods - 7.8%
	398,375	Actuant Corp. Class A		8,361,891
	62,801	Axon Enterprise, Inc.*		2,747,544
	157,117	EnerSys		12,193,850
	220,026	ITT, Inc.		10,620,655
	296,739	Rexnord Corp.*		6,810,160

				40,734,100

		Commercial & Professional Services - 3.9%
	140,797	Brink’s Co.		9,102,526
	13,519	CoStar Group, Inc.*		4,560,500
	163,016	TriNet Group, Inc.*		6,838,521

				20,501,547

		Consumer Durables & Apparel - 4.9%
	107,904	Carter’s, Inc.		8,807,125
	66,782	iRobot Corp.*⁽¹⁾		5,592,325
	311,463	Skyline Champion Corp.		4,575,391
	29,260	Under Armour, Inc. Class A*		517,024
	365,232	Under Armour, Inc. Class C*⁽¹⁾		5,905,801

				25,397,666

		Consumer Services - 7.0%
	219,125	Boyd Gaming Corp.		4,553,418
	909,759	DraftKings, Inc.*^(2)(3)(4)		2,319,485
	58,010	Grand Canyon Education, Inc.*		5,577,081
	124,721	Marriott Vacations Worldwide Corp.		8,794,078
	236,716	Planet Fitness, Inc. Class A*		12,692,712
	39,754	Wingstop, Inc.		2,551,809

				36,488,583

		Diversified Financials - 1.1%
	69,705	Green Dot Corp. Class A*		5,542,942

		Energy - 1.5%
	376,754	Centennial Resource Development, Inc. Class A*		4,151,829
	139,698	Viper Energy Partners L.P.		3,637,736

				7,789,565

		Food & Staples Retailing - 1.5%
	236,276	Performance Food Group Co.*		7,624,627

		Food, Beverage & Tobacco - 1.2%
	104,607	MGP Ingredients, Inc.⁽¹⁾		5,967,829

		Health Care Equipment & Services - 15.9%
	53,902	Amedisys, Inc.*		6,312,463
	23,248	DexCom, Inc.*		2,785,110
	142,087	Globus Medical, Inc. Class A*		6,149,525
	73,933	Haemonetics Corp.*		7,396,997
	103,257	Hill-Rom Holdings, Inc.		9,143,407
	313,974	HMS Holdings Corp.*		8,832,089
	178,140	Insulet Corp.*		14,130,065
	168,575	Merit Medical Systems, Inc.*		9,408,171
	162,600	Omnicell, Inc.*		9,957,624
	53,530	Penumbra, Inc.*		6,541,366
	44,275	Teladoc Health, Inc.*		2,194,712

				82,851,529

		Insurance - 0.9%
	120,752	James River Group Holdings Ltd.		4,412,278


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 95.9% - (continued)
		Materials - 3.6%
	190,732	Cabot Corp.	$	8,190,032
	189,174	Carpenter Technology Corp.		6,736,486
	44,055	Ingevity Corp.*		3,686,963

				18,613,481

		Pharmaceuticals, Biotechnology & Life Sciences - 11.6%
	207,386	Abeona Therapeutics, Inc.*		1,480,736
	119,134	Aerie Pharmaceuticals, Inc.*		4,300,737
	267,988	Amicus Therapeutics, Inc.*		2,567,325
	96,053	Arena Pharmaceuticals, Inc.*		3,741,264
	67,927	CytomX Therapeutics, Inc.*		1,025,698
	101,220	Exact Sciences Corp.*		6,386,982
	95,175	G1 Therapeutics, Inc.*		1,822,601
	41,034	Galapagos N.V. ADR*		3,764,459
	111,040	Heron Therapeutics, Inc.*		2,880,378
	181,083	Karyopharm Therapeutics, Inc.*		1,696,748
	32,503	Loxo Oncology, Inc.*		4,552,695
	63,935	MyoKardia, Inc.*		3,123,864
	181,845	Nightstar Therapeutics plc ADR*		2,094,854
	62,729	PRA Health Sciences, Inc.*		5,768,559
	145,570	Ra Pharmaceuticals, Inc.*		2,649,374
	50,661	REGENXBIO, Inc.*		2,125,229
	111,612	Rhythm Pharmaceuticals, Inc.*		3,000,131
	188,646	Sangamo Therapeutics, Inc.*		2,165,656
	126,757	Syneos Health, Inc.*		4,987,888

				60,135,178

		Real Estate - 3.4%
	142,087	Agree Realty Corp. REIT		8,400,183
	138,395	NexPoint Residential Trust, Inc. REIT		4,850,745
	270,845	Xenia Hotels & Resorts, Inc. REIT		4,658,534

				17,909,462

		Retailing - 6.9%
	5,016,400	Allstar Co.*^(2)(3)(4)		1,053,444
	130,356	Etsy, Inc.*		6,201,035
	68,336	Five Below, Inc.*		6,992,140
	124,770	Floor & Decor Holdings, Inc. Class A*		3,231,543
	42,928	RH*⁽¹⁾		5,143,633
	122,947	Sleep Number Corp.*		3,901,108
	43,094	Tory Burch LLC*^(2)(3)(4)		2,399,907
	78,079	Wayfair, Inc. Class A*		7,033,356

				35,956,166

		Semiconductors & Semiconductor Equipment - 1.7%
	206,163	Entegris, Inc.		5,750,917
	203,162	Tower Semiconductor Ltd.*		2,994,608

				8,745,525

		Software & Services - 14.7%
	70,910	2U, Inc.*		3,525,645
	31,354	EPAM Systems, Inc.*		3,637,377
	93,479	Everbridge, Inc.*		5,305,868
	42,310	Fair Isaac Corp.*		7,911,970
	208,662	Five9, Inc.*		9,122,703
	158,865	Globant S.A.*		8,947,277
	57,248	Guidewire Software, Inc.*		4,593,007
	40,200	HubSpot, Inc.*		5,054,346
	91,028	LiveRamp Holdings, Inc.*		3,516,412
	269,883	Mimecast Ltd.*		9,076,165
	222,074	Pivotal Software, Inc. Class A*		3,630,910
	37,910	Trade Desk, Inc. Class A*		4,399,835
	52,117	Wix.com Ltd.*		4,708,250
	51,327	Zendesk, Inc.*		2,995,957

				76,425,722

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


		109

Hartford Small Company HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 95.9% - (continued)
		Technology Hardware & Equipment - 2.0%
	64,006	Zebra Technologies Corp. Class A*	$	10,191,675

		Telecommunication Services - 0.8%
	199,391	Boingo Wireless, Inc.*		4,101,473
	24,732	Vonage Holdings Corp.*		215,910

				4,317,383

		Transportation - 0.4%
	127,814	JetBlue Airways Corp.*		2,052,693


		Total Common Stocks (cost $509,910,775)	$	498,014,165


PREFERRED STOCKS - 1.3%
		Retailing - 0.5%
	74,004	Honest Co.*^(2)(3)(4)	$	2,718,907

		Software & Services - 0.8%
	410,300	MarkLogic Corp. Series F*^(2)(3)(4)		4,103,000


		Total Preferred Stocks (cost $8,151,359)	$	6,821,907


ESCROWS - 0.0%⁽⁵⁾
		Software & Services - 0.0%
	157,023	Veracode, Inc.*^(2)(3)(4)	$	85,421

		Telecommunication Services - 0.0%
	41,522	Docusign, Inc. Earnout*^(2)(3)(4)		93,424


		Total Escrows (cost $—)	$	178,845


		Total Long-Term Investments (cost $518,062,134)	$	505,014,917


SHORT-TERM INVESTMENTS - 6.3%
		Other Investment Pools & Funds - 4.6%
	23,660,741	BlackRock Liquidity Funds FedFund Portfolio, Institutional Class, 2.40%⁽⁶⁾	$	23,660,741

		Securities Lending Collateral - 1.7%
	451,725	Citibank NA DDCA, 2.39%, 1/2/2019⁽⁶⁾		451,725
	5,969,396	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽⁶⁾		5,969,396
	428,173	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.30%⁽⁶⁾		428,173
	312,226	Invesco Government & Agency Portfolio, Institutional Class, 2.30%⁽⁶⁾		312,226
	1,738,054	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽⁶⁾		1,738,054
	134,921	Western Asset Institutional Government Reserves Fund, Institutional Class, 2.28%⁽⁶⁾		134,921

				9,034,495


		Total Short-Term Investments (cost $32,695,236)	$	32,695,236



Total Investments (cost $550,757,370)	103.5	%	$	537,710,153
Other Assets and Liabilities	(3.5	)%		(18,210,475	)

Total Net Assets	100.0	%	$	519,499,678

Note:

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

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

*	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, 2018, the aggregate fair value of these securities was $12,773,588, which represented 2.5% 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 $12,773,588 or 2.5% of net assets.


Period Acquired		Security Name	Shares/ Par Value		Base Total Cost		Base Market Value
	08/2011	Allstar Co.		5,016,400	$	2,182,228	$	1,053,444
	05/2018	Docusign, Inc. Earnout		41,522		—		93,424
	07/2015	DraftKings, Inc.		909,759		3,430,143		2,319,485
	08/2015	Honest Co. Preferred		74,004		3,386,053		2,718,907
	04/2015	MarkLogic Corp. Series F Preferred		410,300		4,765,306		4,103,000
	11/2013	Tory Burch LLC		43,094		3,377,560		2,399,907
	04/2017	Veracode, Inc.		157,023		—		85,421

					$	17,141,290	$	12,773,588

⁽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.


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
ADR		American Depositary Receipt
DDCA		Dollars on Deposit in Custody Account
REIT		Real Estate Investment Trust

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


		110

Hartford Small Company HLS Fund

Schedule of Investments – (continued)

December 31, 2018

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Assets
Common Stocks
Banks	$	26,356,214	$	26,356,214	$	—	$	—
Capital Goods		40,734,100		40,734,100		—		—
Commercial & Professional Services		20,501,547		20,501,547		—		—
Consumer Durables & Apparel		25,397,666		25,397,666		—		—
Consumer Services		36,488,583		34,169,098		—		2,319,485
Diversified Financials		5,542,942		5,542,942		—		—
Energy		7,789,565		7,789,565		—		—
Food & Staples Retailing		7,624,627		7,624,627		—		—
Food, Beverage & Tobacco		5,967,829		5,967,829		—		—
Health Care Equipment & Services		82,851,529		82,851,529		—		—
Insurance		4,412,278		4,412,278		—		—
Materials		18,613,481		18,613,481		—		—
Pharmaceuticals, Biotechnology & Life Sciences		60,135,178		60,135,178		—		—
Real Estate		17,909,462		17,909,462		—		—
Retailing		35,956,166		32,502,815		—		3,453,351
Semiconductors & Semiconductor Equipment		8,745,525		8,745,525		—		—
Software & Services		76,425,722		76,425,722		—		—
Technology Hardware & Equipment		10,191,675		10,191,675		—		—
Telecommunication Services		4,317,383		4,317,383		—		—
Transportation		2,052,693		2,052,693		—		—
Preferred Stocks		6,821,907		—		—		6,821,907
Escrows		178,845		—		—		178,845
Short-Term Investments		32,695,236		32,695,236		—		—

Total	$	537,710,153	$	524,936,565	$	—	$	12,773,588

⁽¹⁾	For the year ended December 31, 2018, there were no transfers in and out of Level 3.

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended December 31, 2018:


	Common Stocks			Preferred Stocks			Escrows			Total
Beginning balance	$	5,046,165		$	12,389,626		$	—		$	17,435,791
Conversion*		(631,232	)					631,232			—
Purchases		—			—			—			—
Sales		—			(3,898,583	)		—			(3,898,583	)
Accrued discounts/(premiums)		—			—			—			—
Total realized gain/(loss)					(290,199	)		—			(290,199	)
Net change in unrealized appreciation/depreciation		1,357,903			(1,378,937	)		(452,387	)		(473,421	)
Transfers into Level 3		—			—			—			—
Transfers out of Level 3		—			—			—			—

Ending balance	$	5,772,836		$	6,821,907		$	178,845		$	12,773,588

The change in net unrealized appreciation/(depreciation) relating to the Level 3 investments held at December 31, 2018 was $1,088,961.

*	Private Equity securities that were common stocks are now escrows.

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


		111

Hartford Stock HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.2%
		Banks - 2.3%
	260,852	PNC Financial Services Group, Inc.	$	30,496,207

		Capital Goods - 12.1%
	143,222	3M Co.		27,289,520
	204,638	General Dynamics Corp.		32,171,140
	204,314	Honeywell International, Inc.		26,993,965
	107,445	Lockheed Martin Corp.		28,133,399
	104,459	Northrop Grumman Corp.		25,582,009
	191,350	United Technologies Corp.		20,374,948

				160,544,981

		Consumer Durables & Apparel - 4.2%
	514,261	NIKE, Inc. Class B		38,127,311
	242,427	VF Corp.		17,294,742

				55,422,053

		Consumer Services - 4.9%
	287,008	McDonald’s Corp.		50,964,010
	222,357	Starbucks Corp.		14,319,791

				65,283,801

		Diversified Financials - 4.3%
	347,393	American Express Co.		33,113,501
	62,146	BlackRock, Inc.		24,412,192

				57,525,693

		Energy - 1.8%
	267,009	Exxon Mobil Corp.		18,207,344
	161,768	Schlumberger Ltd.		5,836,589

				24,043,933

		Food & Staples Retailing - 2.5%
	159,095	Costco Wholesale Corp.		32,409,242

		Food, Beverage & Tobacco - 9.7%
	1,035,163	Coca-Cola Co.		49,014,968
	962,845	Diageo plc		34,406,685
	404,760	PepsiCo., Inc.		44,717,885

				128,139,538

		Health Care Equipment & Services - 10.5%
	493,321	Baxter International, Inc.		32,470,388
	344,813	Danaher Corp.		35,557,117
	412,687	Medtronic plc		37,538,009
	132,893	UnitedHealth Group, Inc.		33,106,304

				138,671,818

		Household & Personal Products - 4.7%
	636,400	Colgate-Palmolive Co.		37,878,528
	268,283	Procter & Gamble Co.		24,660,573

				62,539,101

		Insurance - 5.6%
	319,042	Chubb Ltd.		41,213,846
	405,832	Marsh & McLennan Cos., Inc.		32,365,102

				73,578,948

		Materials - 4.8%
	243,973	Ecolab, Inc.		35,949,422
	180,358	Linde plc		28,143,062

				64,092,484

		Pharmaceuticals, Biotechnology & Life Sciences - 6.5%
	107,412	Amgen, Inc.		20,909,894
	318,301	Johnson & Johnson		41,076,744
	305,162	Merck & Co., Inc.		23,317,429

				85,304,067


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 99.2% - (continued)
		Real Estate - 6.4%
	298,354	American Tower Corp. REIT	$	47,196,619
	181,924	Public Storage REIT		36,823,237

				84,019,856

		Retailing - 2.6%
	9,440,100	Allstar Co.*^(1)(2)(3)		1,982,421
	709,932	TJX Cos., Inc.		31,762,358

				33,744,779

		Software & Services - 9.2%
	224,706	Accenture plc Class A		31,685,793
	126,405	Automatic Data Processing, Inc.		16,574,224
	391,596	Microsoft Corp.		39,774,406
	255,459	Visa, Inc. Class A		33,705,260

				121,739,683

		Transportation - 7.1%
	418,475	Canadian National Railway Co.		30,993,266
	260,170	Union Pacific Corp.		35,963,299
	277,499	United Parcel Service, Inc. Class B		27,064,478

				94,021,043


		Total Common Stocks (cost $1,086,075,222)	$	1,311,577,227


		Total Long-Term Investments (cost $1,086,075,222)	$	1,311,577,227


SHORT-TERM INVESTMENTS - 0.9%
		Other Investment Pools & Funds - 0.9%
	11,699,371	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽⁴⁾	$	11,699,371


		Total Short-Term Investments (cost $11,699,371)	$	11,699,371




Total Investments (cost $1,097,774,593)	100.1	%	$	1,323,276,598
Other Assets and Liabilities	(0.1	)%		(1,228,019	)

Total Net Assets	100.0	%	$	1,322,048,579

Note:

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

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

*	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, 2018, the aggregate fair value of this security was $1,982,421, which

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


		112

Hartford Stock HLS Fund

Schedule of Investments – (continued)

December 31, 2018

represented 0.1% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

⁽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 $1,982,421 or 0.1% 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	$	1,982,421

⁽⁴⁾	Current yield as of period end.

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


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
REIT		Real Estate Investment Trust

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Assets
Common Stocks
Banks	$	30,496,207	$	30,496,207	$	—	$	—
Capital Goods		160,544,981		160,544,981		—		—
Consumer Durables & Apparel		55,422,053		55,422,053		—		—
Consumer Services		65,283,801		65,283,801		—		—
Diversified Financials		57,525,693		57,525,693		—		—
Energy		24,043,933		24,043,933		—		—
Food & Staples Retailing		32,409,242		32,409,242		—		—
Food, Beverage & Tobacco		128,139,538		93,732,853		34,406,685		—
Health Care Equipment & Services		138,671,818		138,671,818		—		—
Household & Personal Products		62,539,101		62,539,101		—		—
Insurance		73,578,948		73,578,948		—		—
Materials		64,092,484		64,092,484		—		—
Pharmaceuticals, Biotechnology & Life Sciences		85,304,067		85,304,067		—		—
Real Estate		84,019,856		84,019,856		—		—
Retailing		33,744,779		31,762,358		—		1,982,421
Software & Services		121,739,683		121,739,683		—		—
Transportation		94,021,043		94,021,043		—		—
Short-Term Investments		11,699,371		11,699,371		—		—

Total	$	1,323,276,598	$	1,286,887,492	$	34,406,685	$	1,982,421

⁽¹⁾	For the year ended December 31, 2018, there were no transfers in and out of Level 3.

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


		113

Hartford Total Return Bond HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 34.9%
		Asset-Backed - Automobile - 0.5%
$	749,984	CIG Automobile Receivables Trust 2.71%, 05/15/2023⁽¹⁾	$	745,424
	2,625,000	Credit Acceptance Auto Loan Trust 2.65%, 06/15/2026⁽¹⁾		2,599,863
	2,421,180	Skopos Auto Receivables Trust 3.19%, 09/15/2021⁽¹⁾		2,419,165
	4,810,000	Westlake Automobile Receivables Trust 3.28%, 12/15/2022⁽¹⁾		4,749,127

				10,513,579

		Asset-Backed - Finance & Insurance - 18.0%
	9,180,000	AMMC CLO Ltd. 3 mo. USD LIBOR + 1.250%, 3.74%, 07/25/2029⁽¹⁾⁽²⁾		9,153,295
	6,890,000	Anchorage Capital CLO Ltd. 3 mo. USD LIBOR + 1.000%, 3.51%, 07/28/2028⁽¹⁾⁽²⁾		6,817,200
	9,215,000	Apex Credit CLO Ltd. 3 mo. USD LIBOR + 1.470%, 3.96%, 04/24/2029⁽¹⁾⁽²⁾		9,211,756
	2,248,292	Apidos CLO 3 mo. USD LIBOR + 0.980%, 3.43%, 01/19/2025⁽¹⁾⁽²⁾		2,247,139
	4,560,000	Atlas Senior Loan Fund Ltd. 3 mo. USD LIBOR + 1.090%, 3.53%, 01/15/2031⁽¹⁾⁽²⁾		4,488,627
	6,700,000	Atrium 3 mo. USD LIBOR + 0.830%, 3.30%, 04/22/2027⁽¹⁾⁽²⁾		6,616,953
		Avery Point CLO Ltd.
	2,985,421	3 mo. USD LIBOR + 1.120%, 3.57%, 01/18/2025⁽¹⁾⁽²⁾		2,981,472
	6,972,092	3 mo. USD LIBOR + 1.100%, 3.59%, 04/25/2026⁽¹⁾⁽²⁾		6,960,498
	1,746,481	Babson CLO Ltd. 3 mo. USD LIBOR + 1.150%, 3.62%, 07/20/2025⁽¹⁾⁽²⁾		1,742,623
	6,467,471	Bayview Koitere Fund Trust 3.50%, 07/28/2057⁽¹⁾⁽³⁾		6,410,642
		Bayview Opportunity Master Fund Trust
	1,050,054	3.35%, 11/28/2032⁽¹⁾⁽⁴⁾		1,045,511
	2,867,327	3.50%, 01/28/2055⁽¹⁾⁽³⁾		2,841,919
	3,361,243	3.50%, 06/28/2057⁽¹⁾⁽³⁾		3,330,990
	4,382,406	3.50%, 01/28/2058⁽¹⁾⁽³⁾		4,338,482
	1,272,764	3.60%, 02/25/2033⁽¹⁾⁽⁴⁾		1,269,733
	2,566,635	4.00%, 11/28/2053⁽¹⁾⁽³⁾		2,575,365
	5,083,479	4.00%, 10/28/2064⁽¹⁾⁽³⁾		5,099,927
	5,759,000	Bellemeade Re Ltd. 1 mo. USD LIBOR + 1.200%, 3.71%, 10/25/2027⁽¹⁾⁽²⁾		5,757,379
	560,000	Benefit Street Partners CLO Ltd. 3 mo. USD LIBOR + 0.800%, 3.25%, 10/18/2029⁽¹⁾⁽²⁾		559,720
	783,917	Cal Funding Ltd. 3.47%, 10/25/2027⁽¹⁾		779,159
	7,890,000	Carlyle Global Market Strategies CLO Ltd. 1 mo. USD LIBOR + 0.780%, 3.29%, 04/27/2027⁽¹⁾⁽²⁾		7,846,045
		CBAM Ltd.
	3,330,000	3 mo. USD LIBOR + 1.120%, 3.56%, 10/20/2029⁽¹⁾⁽²⁾		3,308,661
	7,305,000	3 mo. USD LIBOR + 1.230%, 3.68%, 10/17/2029⁽¹⁾⁽²⁾		7,250,680
		CIFC Funding Ltd.
	517,018	3 mo. USD LIBOR + 0.850%, 3.29%, 07/16/2030⁽¹⁾⁽²⁾		516,992
	8,960,000	3 mo. USD LIBOR + 1.050%, 3.54%, 04/24/2030⁽¹⁾⁽²⁾		8,819,418
	4,175,000	Cirrus Funding Ltd. 4.80%, 01/25/2037⁽¹⁾		4,245,052
	1,305,522	Civic Mortgage LLC 3.89%, 06/25/2022⁽¹⁾⁽⁴⁾		1,303,784
	2,130,000	Covenant Credit Partners CLO Ltd. 3 mo. USD LIBOR + 1.850%, 4.29%, 10/15/2029⁽¹⁾⁽²⁾		2,101,518
	3,258,625	Domino’s Pizza Master Issuer LLC 4.12%, 07/25/2048⁽¹⁾		3,214,862
		Dryden Senior Loan Fund
	7,264,000	3 mo. USD LIBOR + 0.820%, 3.43%, 11/15/2028⁽¹⁾⁽²⁾		7,154,532


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 34.9% - (continued)
		Asset-Backed - Finance & Insurance - 18.0% - (continued)
$	7,852,000	3 mo. USD LIBOR + 1.430%, 3.87%, 10/15/2028⁽¹⁾⁽²⁾	$	7,849,158
	2,950,000	Eagle Re Ltd. 1 mo. USD LIBOR + 1.700%, 3.98%, 11/25/2028⁽¹⁾⁽²⁾		2,945,911
	1,272,788	Fieldstone Mortgage Investment Corp. 1 mo. USD LIBOR + 0.270%, 2.78%, 05/25/2036⁽²⁾		965,397
	3,267,261	First Franklin Mortgage Loan Trust 1 mo. USD LIBOR + 0.240%, 2.75%, 04/25/2036⁽²⁾		2,981,778
	3,496,681	GSAMP Trust 1 mo. USD LIBOR + 0.090%, 2.60%, 01/25/2037⁽²⁾		2,296,694
	2,295,000	Highbridge Loan Management Ltd. 3 mo. USD LIBOR + 1.000%, 3.58%, 02/05/2031⁽¹⁾⁽²⁾		2,249,529
	4,578,000	LCM Ltd. 3 mo. USD LIBOR + 1.210%, 3.68%, 07/20/2030⁽¹⁾⁽²⁾		4,575,148
	3,235,000	Lendmark Funding Trust 2.83%, 12/22/2025⁽¹⁾		3,191,806
		Madison Park Funding Ltd.
	7,200,000	3 mo. USD LIBOR + 1.160%, 3.64%, 07/23/2029⁽¹⁾⁽²⁾		7,166,110
	3,582,000	3 mo. USD LIBOR + 1.190%, 3.66%, 10/21/2030⁽¹⁾⁽²⁾		3,563,345
	8,416,217	3 mo. USD LIBOR + 1.260%, 3.73%, 07/20/2026⁽¹⁾⁽²⁾		8,410,956
		Magnetite Ltd.
	7,657,180	3 mo. USD LIBOR + 1.000%, 3.49%, 07/25/2026⁽¹⁾⁽²⁾		7,649,845
	6,595,000	3 mo. USD LIBOR + 1.500%, 3.99%, 07/25/2026⁽¹⁾⁽²⁾		6,554,362
	928,889	Marlette Funding Trust 2.36%, 12/15/2024⁽¹⁾		926,088
	4,978,140	MFA Trust 3.35%, 11/25/2047⁽¹⁾⁽⁴⁾		4,960,104
	804,548	Nationstar HECM Loan Trust 2.04%, 09/25/2027⁽¹⁾⁽³⁾		801,460
	4,450,000	Neuberger Berman CLO Ltd. 3 mo. USD LIBOR + 0.800%, 3.24%, 01/15/2028⁽¹⁾⁽²⁾		4,396,062
		NRZ Advance Receivables Trust
	3,265,500	2.58%, 10/15/2049⁽¹⁾		3,245,134
	6,250,000	3.11%, 12/15/2050⁽¹⁾		6,239,430
	5,421,000	3.21%, 02/15/2051⁽¹⁾		5,410,011
		NRZ Excess Spread-Collateralized Notes
	4,556,869	3.19%, 01/25/2023⁽¹⁾		4,527,232
	2,819,415	3.27%, 02/25/2023⁽¹⁾		2,814,630
	2,014,432	Oak Hill Advisors Residential Loan Trust 3.00%, 06/25/2057⁽¹⁾⁽⁴⁾		1,973,736
	2,495,000	Oaktree EIF Ltd. 3 mo. USD LIBOR + 1.450%, 3.90%, 07/17/2029⁽¹⁾⁽²⁾		2,493,723
	6,780,000	OCP CLO Ltd. 3 mo. USD LIBOR + 0.850%, 3.30%, 04/17/2027⁽¹⁾⁽²⁾		6,711,942
	3,715,000	Octagon Investment Partners Ltd. 3 mo. USD LIBOR + 1.320%, 3.79%, 03/17/2030⁽¹⁾⁽²⁾		3,716,363
		OneMain Financial Issuance Trust
	7,814,000	2.37%, 09/14/2032⁽¹⁾		7,692,881
	2,388,506	4.10%, 03/20/2028⁽¹⁾		2,394,125
		Pretium Mortgage Credit Partners LLC
	891,480	3.33%, 12/30/2032⁽¹⁾⁽³⁾		880,778
	1,128,533	3.38%, 01/27/2033⁽¹⁾⁽⁴⁾		1,118,152
	717,876	Prosper Marketplace Issuance Trust 2.36%, 11/15/2023⁽¹⁾		715,870
	5,250,000	SBA Tower Trust 2.90%, 10/15/2044⁽¹⁾⁽⁴⁾		5,219,053
	450,081	Securitized Asset Backed Receivables LLC Trust 1 mo. USD LIBOR + 0.090%, 2.60%, 07/25/2036⁽²⁾		209,487
	7,305,000	Shackleton CLO Ltd. 3 mo. USD LIBOR + 1.020%, 3.36%, 07/17/2028⁽¹⁾⁽²⁾		7,218,911
		SoFi Consumer Loan Program LLC
	1,374,040	2.50%, 05/26/2026⁽¹⁾		1,358,130
	705,757	2.77%, 05/25/2026⁽¹⁾		699,477

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


		114

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 34.9% - (continued)
		Asset-Backed - Finance & Insurance - 18.0% - (continued)
$	1,565,269	3.05%, 12/26/2025⁽¹⁾	$	1,561,875
	1,336,715	3.09%, 10/27/2025⁽¹⁾		1,333,902
	1,221,540	3.28%, 01/26/2026⁽¹⁾		1,220,909
		Sound Point CLO Ltd.
	5,015,000	1 mo. USD LIBOR + 1.150%, 3.60%, 04/18/2031⁽¹⁾⁽²⁾		4,937,513
	2,575,000	3 mo. USD LIBOR + 1.390%, 3.87%, 01/23/2029⁽¹⁾⁽²⁾		2,572,724
		Springleaf Funding Trust
	8,130,000	2.68%, 07/15/2030⁽¹⁾		7,990,524
	4,868,963	2.90%, 11/15/2029⁽¹⁾		4,840,660
	5,340,000	SPS Servicer Advance Receivables Trust 2.75%, 11/15/2049⁽¹⁾		5,330,062
	8,413,695	Symphony CLO Ltd. 3 mo. USD LIBOR + 1.280%, 3.72%, 07/14/2026⁽¹⁾⁽²⁾		8,418,693
		Towd Point Mortgage Trust
	8,078,939	2.75%, 10/25/2056⁽¹⁾⁽³⁾		7,902,852
	2,121,521	2.75%, 04/25/2057⁽¹⁾⁽³⁾		2,074,765
	5,633,305	2.75%, 06/25/2057⁽¹⁾⁽³⁾		5,481,112
	3,939,877	2.75%, 07/25/2057⁽¹⁾⁽³⁾		3,835,878
	7,660,000	Treman Park CLO Ltd. 3 mo. USD LIBOR + 1.070%, 3.54%, 10/20/2028⁽¹⁾⁽²⁾		7,632,209
	5,390,203	VOLT LLC 3.38%, 10/25/2047⁽¹⁾⁽⁴⁾		5,335,288
	1,225,073	VOLT LX LLC 3.25%, 06/25/2047⁽¹⁾⁽⁴⁾		1,219,131
	1,275,469	VOLT LXII LLC 3.13%, 09/25/2047⁽¹⁾⁽⁴⁾		1,265,357
	3,201,560	VOLT LXVI 4.34%, 05/25/2048⁽¹⁾⁽⁴⁾		3,198,087
		Voya CLO Ltd.
	7,550,000	3 mo. USD LIBOR + 0.900%, 3.35%, 01/18/2029⁽¹⁾⁽²⁾		7,452,416
	4,835,000	1 mo. USD LIBOR + 0.990%, 3.44%, 04/18/2031⁽¹⁾⁽²⁾		4,757,872
	2,670,000	3 mo. USD LIBOR + 1.250%, 3.70%, 01/18/2029⁽¹⁾⁽²⁾		2,558,212
	2,915,000	3 mo. USD LIBOR + 1.250%, 3.70%, 04/17/2030⁽¹⁾⁽²⁾		2,907,089
	2,059,200	Wendy’s Funding LLC 3.88%, 03/15/2048⁽¹⁾		1,940,281
	1,810,000	Wingstop Funding LLC 4.97%, 12/05/2048⁽¹⁾		1,850,996
	10,785,000	York CLO Ltd. 3 mo. USD LIBOR + 1.630%, 2.73%, 01/20/2030⁽¹⁾⁽²⁾		10,846,474

				374,577,633

		Asset-Backed - Home Equity - 1.5%
		GSAA Home Equity Trust
	6,024,981	1 mo. USD LIBOR + 0.080%, 2.59%, 02/25/2037⁽²⁾		2,913,899
	3,530,985	1 mo. USD LIBOR + 0.100%, 2.61%, 03/25/2037⁽²⁾		1,684,730
	2,611,197	1 mo. USD LIBOR + 0.180%, 2.69%, 11/25/2036⁽²⁾		1,171,125
	114,291	1 mo. USD LIBOR + 0.240%, 2.75%, 11/25/2036⁽²⁾		64,143
	636,597	5.99%, 06/25/2036⁽³⁾		292,051
	7,541,264	Legacy Mortgage Asset Trust 4.00%, 03/25/2058⁽¹⁾⁽⁴⁾		7,515,841
	103,323	Morgan Stanley Asset-Backed Securities Capital, Inc. Trust 1 mo. USD LIBOR + 0.150%, 2.66%, 06/25/2036⁽²⁾		86,003
	1,494,544	Morgan Stanley Mortgage Loan Trust 1 mo. USD LIBOR + 0.170%, 2.68%, 11/25/2036⁽²⁾		626,623
		New Residential Mortgage Loan Trust
	6,483,715	4.00%, 08/27/2057⁽¹⁾⁽³⁾		6,517,251
	2,762,942	4.00%, 12/25/2057⁽¹⁾⁽³⁾		2,776,969
	5,569,307	1 mo. USD LIBOR + 1.500%, 4.01%, 06/25/2057⁽¹⁾⁽²⁾		5,668,813


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 34.9% - (continued)
		Asset-Backed - Home Equity - 1.5% - (continued)
		Soundview Home Loan Trust
$	2,873,938	1 mo. USD LIBOR + 0.180%, 2.69%, 07/25/2037⁽²⁾	$	2,568,887
	435,000	1 mo. USD LIBOR + 0.250%, 2.76%, 11/25/2036⁽²⁾		396,781

				32,283,116

		Collateralized - Mortgage Obligations - 0.2%
	1,414,508	COLT Mortgage Loan Trust 2.61%, 05/27/2047⁽¹⁾⁽³⁾		1,405,652
	2,181,531	Consumer Loan Underlying Bond Credit Trust 2.61%, 01/15/2024⁽¹⁾		2,168,613

				3,574,265

		Commercial Mortgage - Backed Securities - 5.5%
		Banc of America Commercial Mortgage Trust
	39,931,203	0.75%, 11/15/2050⁽³⁾⁽⁵⁾		2,098,564
	4,709,071	0.82%, 11/15/2054⁽³⁾⁽⁵⁾		263,121
		BBCMS Mortgage Trust
	28,862,361	1.51%, 02/15/2050⁽³⁾⁽⁵⁾		2,602,692
	8,553,000	1 mo. USD LIBOR + 0.850%, 3.31%, 08/15/2036⁽¹⁾⁽²⁾		8,540,268
		Benchmark Mortgage Trust
	12,000,262	0.53%, 01/15/2051⁽³⁾⁽⁵⁾		442,346
	20,325,512	0.54%, 07/15/2051⁽³⁾⁽⁵⁾		754,702
		Citigroup Commercial Mortgage Trust
	22,414,407	1.02%, 07/10/2047⁽³⁾⁽⁵⁾		962,883
	26,314,625	1.11%, 04/10/2048⁽³⁾⁽⁵⁾		1,289,301
		Commercial Mortgage Pass-Through Certificates
	7,436,115	0.65%, 02/10/2047⁽³⁾⁽⁵⁾		195,124
	535,000	4.24%, 02/10/2047⁽³⁾		556,851
		Commercial Mortgage Trust
	4,121,104	0.68%, 08/10/2046⁽³⁾⁽⁵⁾		112,571
	6,762,951	1.92%, 07/10/2046^(1)(3)(5)		153,056
	1,035,000	2.54%, 12/10/2045		1,011,086
	950,805	2.82%, 10/15/2045		935,902
	1,670,000	2.85%, 10/15/2045		1,641,129
	1,145,000	3.10%, 03/10/2046		1,138,574
	876,221	3.21%, 03/10/2046		875,270
	6,780,000	3.42%, 03/10/2031⁽¹⁾		6,890,219
	1,260,000	3.61%, 06/10/2046⁽³⁾		1,276,206
	705,000	3.62%, 07/10/2050		708,924
	2,120,000	3.69%, 08/10/2047		2,149,763
	1,150,133	3.80%, 08/10/2047		1,172,938
	1,485,000	3.83%, 07/15/2047		1,514,673
	575,125	3.96%, 03/10/2047		589,606
	1,199,384	4.02%, 07/10/2045		1,237,616
	630,000	4.07%, 02/10/2047⁽³⁾		650,524
	1,045,000	4.21%, 08/10/2046⁽³⁾		1,085,583
	615,085	4.23%, 07/10/2045⁽³⁾		641,182
	720,000	4.57%, 10/15/2045⁽¹⁾⁽³⁾		163,238
	1,920,000	4.75%, 10/15/2045⁽¹⁾⁽³⁾		978,240
	436,716	Credit Suisse First Boston Mortgage Securities Corp. 4.88%, 04/15/2037		429,226
		CSAIL Commercial Mortgage Trust
	62,588,014	0.80%, 06/15/2057⁽³⁾⁽⁵⁾		2,411,616
	3,833,675	1.02%, 11/15/2048⁽³⁾⁽⁵⁾		175,534
	11,373,718	1.80%, 01/15/2049⁽³⁾⁽⁵⁾		1,010,967
	470,000	3.45%, 08/15/2048		468,008
	545,000	3.54%, 11/15/2048		544,418
	550,000	3.72%, 08/15/2048		555,343
	83,000	3.76%, 11/15/2048		83,896
	7,397,420	DBUBS Mortgage Trust 0.71%, 11/10/2046^(1)(3)(5)		66,802

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


		115

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 34.9% - (continued)
		Commercial Mortgage - Backed Securities - 5.5% - (continued)
$	3,024,029	Four Times Square Trust Commercial Mortgage Pass-Through Certificates 5.40%, 12/13/2028⁽¹⁾	$	3,132,069
		FREMF Mortgage Trust
	4,680,000	3.05%, 10/25/2047⁽¹⁾⁽³⁾		4,660,364
	868,000	4.29%, 11/25/2051⁽¹⁾⁽³⁾		781,018
	5,485,000	5.28%, 09/25/2043⁽¹⁾⁽³⁾		5,632,176
	1,086,895	GE Business Loan Trust 1 mo. USD LIBOR + 1.000%, 3.46%, 05/15/2034⁽¹⁾⁽²⁾		1,020,271
		GS Mortgage Securities Trust
	45,732,241	0.09%, 07/10/2046⁽³⁾⁽⁵⁾		175,077
	6,508,531	1.34%, 08/10/2044^(1)(3)(5)		176,229
	4,340,000	2.95%, 11/05/2034⁽¹⁾		4,300,996
	1,580,166	3.67%, 04/10/2047⁽¹⁾		654,995
	785,121	4.07%, 01/10/2047		808,597
	2,215,000	4.97%, 04/10/2047⁽¹⁾⁽³⁾		1,842,378
		JP Morgan Chase Commercial Mortgage Securities Trust
	2,185,000	2.73%, 10/15/2045⁽¹⁾⁽³⁾		1,110,810
	765,128	2.84%, 12/15/2047		751,811
	1,290,924	4.37%, 12/15/2047⁽¹⁾⁽³⁾		1,060,286
		JPMBB Commercial Mortgage Securities Trust
	24,491,642	0.75%, 09/15/2047⁽³⁾⁽⁵⁾		673,158
	7,539,456	0.81%, 05/15/2048⁽³⁾⁽⁵⁾		224,865
	825,000	2.91%, 10/15/2048		802,002
	1,119,872	3.36%, 07/15/2045		1,121,057
	11,349	Lehman Brothers Small Balance Commercial Mortgage Trust 5.52%, 09/25/2030⁽¹⁾⁽³⁾		11,389
		Morgan Stanley Bank of America Merrill Lynch Trust
	1,532,918	1.04%, 10/15/2048⁽³⁾⁽⁵⁾		82,606
	15,758,482	1.10%, 12/15/2047⁽³⁾⁽⁵⁾		582,905
	1,530,000	3.13%, 12/15/2048		1,520,437
	1,320,000	3.18%, 08/15/2045		1,314,192
	795,172	4.26%, 10/15/2046⁽³⁾		825,922
		Morgan Stanley Capital Trust
	32,201,068	0.34%, 09/15/2047^(1)(3)(5)		212,839
	8,232,076	1.45%, 06/15/2050⁽³⁾⁽⁵⁾		671,327
	4,920,000	3.47%, 08/11/2033⁽¹⁾		4,978,326
	1,460,000	5.15%, 07/15/2049⁽¹⁾⁽³⁾		1,315,407
	920,000	5.24%, 10/12/2052⁽¹⁾⁽³⁾		100,954
	3,830,000	Oaktown Re II Ltd. 3 mo. USD LIBOR + 1.550%, 4.06%, 07/25/2028⁽¹⁾⁽²⁾		3,834,641
	790,000	SFAVE Commercial Mortgage Securities Trust 3.87%, 01/05/2043⁽¹⁾⁽³⁾		730,754
		UBS Commercial Mortgage Trust
	4,928,569	1.15%, 08/15/2050⁽³⁾⁽⁵⁾		348,950
	850,000	3.43%, 08/15/2050		833,268
		UBS-Barclays Commercial Mortgage Trust
	790,000	2.85%, 12/10/2045		781,063
	2,295,000	3.09%, 08/10/2049		2,289,926
	2,065,000	3.19%, 03/10/2046		2,064,492
	775,000	3.24%, 04/10/2046		776,577
		Wells Fargo Commercial Mortgage Trust
	21,135,621	1.16%, 05/15/2048⁽³⁾⁽⁵⁾		1,000,129
	1,166,029	2.92%, 10/15/2045		1,153,601
	419,000	2.92%, 11/15/2049		398,851
	345,000	2.94%, 10/15/2049		328,981
	805,000	3.29%, 05/15/2048		795,588
	440,000	3.41%, 12/15/2047		440,394
	445,000	3.79%, 09/15/2048		450,361
	430,000	4.10%, 05/15/2048⁽³⁾		378,059
		WF-RBS Commercial Mortgage Trust
	255,115	2.88%, 12/15/2045		251,172
	1,215,000	3.00%, 08/15/2045		1,207,093


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 34.9% - (continued)
		Commercial Mortgage - Backed Securities - 5.5% - (continued)
$	1,150,000	3.07%, 03/15/2045	$	1,141,408
	450,000	3.35%, 05/15/2045		446,148
	1,015,000	3.61%, 11/15/2047		1,022,992
	990,000	3.72%, 05/15/2047		1,005,550
	925,000	4.00%, 05/15/2047		951,923
	230,000	4.05%, 03/15/2047		237,243
	755,286	4.10%, 03/15/2047		780,850
	1,095,000	4.15%, 08/15/2046⁽³⁾		1,134,277
	710,000	5.00%, 06/15/2044⁽¹⁾⁽³⁾		524,997
	790,000	5.58%, 04/15/2045⁽¹⁾⁽³⁾		791,357

				115,023,070

		Diversified Financial Services - 0.1%
	1,716,000	Barings CLO Ltd. 1 mo. USD LIBOR + 0.950%, 3.42%, 07/20/2029⁽¹⁾⁽²⁾		1,692,762

		Other ABS - 1.4%
	3,967,224	Atlas Senior Loan Fund IV Ltd. 3 mo. USD LIBOR + 0.680%, 3.30%, 02/17/2026⁽¹⁾⁽²⁾		3,939,279
	7,420,000	Galaxy XXIX CLO Ltd. 3 mo. USD LIBOR + 0.790%, 3.41%, 11/15/2026⁽¹⁾⁽²⁾		7,379,049
	6,116,737	Seasoned Credit Risk Transfer Trust 3.50%, 11/25/2057		6,045,055
	7,465,000	TICP CLO XII Ltd. 3 mo. USD LIBOR + 1.110%, 3.70%, 01/15/2031⁽¹⁾⁽²⁾		7,444,859
	4,695,000	VOLT LXXIII LLC 4.46%, 10/25/2048⁽¹⁾⁽⁴⁾		4,696,194

				29,504,436

		Whole Loan Collateral CMO - 7.7%
		Alternative Loan Trust
	1,150,163	1 mo. USD LIBOR + 0.320%, 2.64%, 11/25/2035⁽²⁾		1,053,769
	234,609	1 mo. USD LIBOR + 0.540%, 3.05%, 01/25/2036⁽²⁾		222,482
	1,103,215	5.75%, 05/25/2036		797,000
		Angel Oak Mortgage Trust LLC
	1,878,841	2.48%, 07/25/2047⁽¹⁾⁽³⁾		1,850,410
	1,520,374	2.71%, 11/25/2047⁽¹⁾⁽³⁾		1,508,141
	385,025	2.81%, 01/25/2047⁽¹⁾⁽³⁾		382,715
		Banc of America Funding Trust
	1,405,723	1 mo. USD LIBOR + 0.300%, 2.77%, 05/20/2047⁽²⁾		1,280,867
	4,368,907	5.77%, 05/25/2037⁽³⁾		4,178,623
	162,642	5.85%, 01/25/2037⁽⁴⁾		151,849
	994,698	BCAP LLC Trust 1 mo. USD LIBOR + 0.180%, 2.69%, 03/25/2037⁽²⁾		962,339
	415,230	Bear Stearns Adjustable Rate Mortgage Trust 1 year USD CMT + 2.300%, 4.73%, 10/25/2035⁽²⁾		418,365
	1,313,997	Bear Stearns Alt-A Trust 1 mo. USD LIBOR + 0.500%, 3.01%, 01/25/2036⁽²⁾		1,334,480
	467,736	Bear Stearns Mortgage Funding Trust 1 mo. USD LIBOR + 0.180%, 2.69%, 10/25/2036⁽²⁾		428,270
	6,240,000	Cent CLO Ltd. 3 mo. USD LIBOR + 1.150%, 3.66%, 07/27/2030⁽¹⁾⁽²⁾		6,166,231
		CHL Mortgage Pass-Through Trust
	544,235	3.85%, 11/20/2035⁽³⁾		499,046
	2,418,832	4.06%, 09/25/2047⁽³⁾		2,243,582
	6,152,906	CIM Trust 3.00%, 04/25/2057⁽¹⁾⁽³⁾		6,104,559
	4,485,000	Colombia Cent CLO Ltd. 3 mo. USD LIBOR + 1.150%, 3.64%, 10/25/2028⁽¹⁾⁽²⁾		4,448,192
	1,919,182	COLT Mortgage Loan Trust 2.93%, 02/25/2048⁽¹⁾⁽³⁾		1,897,201
	2,046,371	Credit Suisse First Boston Mortgage Securities Corp. 5.50%, 06/25/2035		1,956,036
	2,575,403	CSMC Trust 3.25%, 04/25/2047⁽¹⁾⁽³⁾		2,513,437

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


		116

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 34.9% - (continued)
		Whole Loan Collateral CMO - 7.7% - (continued)
		Deephaven Residential Mortgage Trust
$	1,393,623	2.45%, 06/25/2047⁽¹⁾⁽³⁾	$	1,370,660
	1,614,134	2.58%, 10/25/2047⁽¹⁾⁽³⁾		1,593,563
	714,447	2.73%, 12/26/2046⁽¹⁾⁽³⁾		707,386
		Fannie Mae Connecticut Avenue Securities
	2,025,000	1 mo. USD LIBOR + 3.550%, 6.06%, 07/25/2029⁽²⁾		2,146,087
	4,065,143	1 mo. USD LIBOR + 4.350%, 6.86%, 05/25/2029⁽²⁾		4,402,334
	1,313,979	1 mo. USD LIBOR + 4.900%, 7.41%, 11/25/2024⁽²⁾		1,466,584
	725,147	1 mo. USD LIBOR + 5.700%, 8.21%, 04/25/2028⁽²⁾		818,639
	616,000	1 mo. USD LIBOR + 6.000%, 8.51%, 09/25/2028⁽²⁾		707,078
	1,952,739	Galton Funding Mortgage Trust 3.50%, 11/25/2057⁽¹⁾⁽³⁾		1,946,521
	34,846	GMACM Mortgage Loan Trust 3.83%, 04/19/2036⁽³⁾		30,780
		GSR Mortgage Loan Trust
	1,341,254	1 mo. USD LIBOR + 0.300%, 2.81%, 01/25/2037⁽²⁾		744,390
	2,224,068	4.35%, 01/25/2036⁽³⁾		2,205,125
		HarborView Mortgage Loan Trust
	1,141,376	1 mo. USD LIBOR + 0.190%, 2.66%, 01/19/2038⁽²⁾		1,096,293
	4,134,214	1 mo. USD LIBOR + 0.240%, 2.71%, 12/19/2036⁽²⁾		3,773,491
	3,060,000	Home Re Ltd. 1 mo. USD LIBOR + 1.600%, 4.11%, 10/25/2028⁽¹⁾⁽²⁾		3,063,728
	1,256,908	IndyMac Index Mortgage Loan Trust 3.74%, 03/25/2036⁽³⁾		1,122,906
	315,769	JP Morgan Mortgage Trust 4.13%, 04/25/2037⁽³⁾		296,786
	2,735,000	LCM L.P. 3 mo. USD LIBOR + 1.040%, 3.38%, 10/20/2027⁽¹⁾⁽²⁾		2,712,269
	1,363,265	Lehman XS Trust 1 mo. USD LIBOR + 0.210%, 2.72%, 07/25/2046⁽²⁾		1,311,170
		LSTAR Securities Investment Ltd.
	994,314	1 mo. USD LIBOR + 1.550%, 3.85%, 04/01/2021⁽¹⁾⁽²⁾		973,262
	1,583,128	1 mo. USD LIBOR + 1.650%, 4.00%, 11/01/2022⁽¹⁾⁽²⁾		1,594,362
	1,365,009	1 mo. USD LIBOR + 1.750%, 4.10%, 09/01/2022⁽¹⁾⁽²⁾		1,368,867
	2,191,538	1 mo. USD LIBOR + 1.750%, 4.10%, 10/01/2022⁽¹⁾⁽²⁾		2,183,582
	516,853	MASTR Adjustable Rate Mortgages Trust 4.44%, 11/21/2034⁽³⁾		529,057
	1,490,115	MFA Trust 2.59%, 02/25/2057⁽¹⁾⁽³⁾		1,465,544
		New Residential Mortgage Loan Trust
	6,988,093	1 mo. USD LIBOR + 0.750%, 3.26%, 01/25/2048⁽¹⁾⁽²⁾		6,951,318
	4,698,349	3.75%, 11/26/2035⁽¹⁾⁽³⁾		4,702,160
	4,172,004	3.75%, 11/25/2056⁽¹⁾⁽³⁾		4,166,189
	7,867,644	4.00%, 02/25/2057⁽¹⁾⁽³⁾		7,916,533
	7,715,782	4.00%, 03/25/2057⁽¹⁾⁽³⁾		7,786,990
	6,239,110	4.00%, 04/25/2057⁽¹⁾⁽³⁾		6,276,746
	4,997,502	4.00%, 05/25/2057⁽¹⁾⁽³⁾		5,042,036
	7,485,000	OZLM Ltd. 3 mo. USD LIBOR + 1.050%, 3.57%, 04/30/2027⁽¹⁾⁽²⁾		7,423,825
	1,410,320	RBSGC Mortgage Loan Trust 6.25%, 01/25/2037		1,367,121
		Residential Accredit Loans, Inc.
	3,385,949	3.41%, 11/25/2037⁽³⁾		3,004,521
	866,093	6.00%, 12/25/2035		826,046


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 34.9% - (continued)
		Whole Loan Collateral CMO - 7.7% - (continued)
$	1,651,678	Structured Agency Credit Risk Trust 1 mo. USD LIBOR + 1.650%, 4.16%, 04/25/2043⁽¹⁾⁽²⁾	$	1,652,138
		Towd Point Mortgage Trust
	3,596,854	2.25%, 04/25/2056⁽¹⁾⁽³⁾		3,514,279
	857,295	2.75%, 02/25/2055⁽¹⁾⁽³⁾		845,484
	3,150,301	2.75%, 08/25/2055⁽¹⁾⁽³⁾		3,087,220
	7,254,084	1 mo. USD LIBOR + 0.600%, 2.92%, 02/25/2057⁽¹⁾⁽²⁾		7,228,956
	670,138	3.00%, 03/25/2054⁽¹⁾⁽³⁾		662,990
		WaMu Mortgage Pass-Through Certificates Trust
	3,559,216	12 mo. USD MTA + 0.820%, 2.87%, 12/25/2046⁽²⁾		3,273,349
	757,114	1 mo. USD LIBOR + 0.420%, 2.93%, 06/25/2044⁽²⁾		734,532
	1,372,355	3.59%, 06/25/2037⁽³⁾		1,272,520
		Wells Fargo Commercial Mortgage Trust
	45,676,048	1.15%, 09/15/2057⁽³⁾⁽⁵⁾		2,078,402
	1,015,000	3.84%, 09/15/2058		1,033,822

				160,875,235


		Total Asset & Commercial Mortgage Backed Securities (cost $736,570,826)	$	728,044,096

CORPORATE BONDS - 28.6%
		Aerospace/Defense - 0.5%
		DAE Funding LLC
	75,000	4.50%, 08/01/2022⁽¹⁾	$	72,000
	80,000	5.00%, 08/01/2024⁽¹⁾		77,400
	4,127,000	Lockheed Martin Corp. 4.09%, 09/15/2052		3,852,188
		United Technologies Corp.
	140,000	2.80%, 05/04/2024		131,964
	5,255,000	3.65%, 08/16/2023		5,234,409
	1,565,000	3.95%, 08/16/2025		1,552,880
	400,000	4.63%, 11/16/2048		386,275

				11,307,116

		Agriculture - 0.9%
		Altria Group, Inc.
	4,550,000	2.85%, 08/09/2022		4,367,893
	2,345,000	3.88%, 09/16/2046		1,786,223
		BAT Capital Corp.
	1,635,000	3.22%, 08/15/2024		1,505,989
	3,025,000	4.39%, 08/15/2037		2,475,867
	6,195,000	Hidden Hills DUS 3.90%, 01/01/2029^(19)(20)		6,372,380
	1,300,000	Imperial Brands Finance plc 3.75%, 07/21/2022⁽¹⁾		1,289,532

				17,797,884

		Airlines - 0.1%
		Delta Air Lines, Inc.
	765,000	3.63%, 03/15/2022		748,622
	1,310,000	3.80%, 04/19/2023		1,289,044

				2,037,666

		Auto Manufacturers - 0.5%
		Ford Motor Co.
	585,000	4.75%, 01/15/2043		451,143
	635,000	5.29%, 12/08/2046		521,323
	540,000	Ford Motor Credit Co. LLC 3.82%, 11/02/2027		455,603
		General Motors Co.
	2,220,000	5.40%, 04/01/2048		1,890,659
	915,000	5.95%, 04/01/2049		825,068
	1,000,000	6.25%, 10/02/2043		937,343
	1,035,000	6.75%, 04/01/2046		1,001,988

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


		117

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 28.6% - (continued)
		Auto Manufacturers - 0.5% - (continued)
		General Motors Financial Co., Inc.
$	500,000	3.70%, 05/09/2023	$	475,715
	1,760,000	3.95%, 04/13/2024		1,671,490
	3,135,000	Volkswagen Group of America Finance LLC 3.88%, 11/13/2020⁽¹⁾		3,150,295

				11,380,627

		Auto Parts & Equipment - 0.0%
	450,000	Adient Global Holdings Ltd. 4.88%, 08/15/2026⁽¹⁾		344,250
	290,000	Goodyear Tire & Rubber Co. 5.00%, 05/31/2026		261,000

				605,250

		Beverages - 1.0%
		Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc.
	3,895,000	3.65%, 02/01/2026⁽¹⁾		3,682,910
	70,000	4.70%, 02/01/2036⁽¹⁾		64,918
	3,470,000	Anheuser-Busch InBev Finance, Inc. 3.30%, 02/01/2023		3,374,050
		Anheuser-Busch InBev Worldwide, Inc.
	2,190,000	3.50%, 01/12/2024		2,142,139
	2,213,000	3.75%, 07/15/2042		1,734,783
	1,145,000	4.60%, 04/15/2048		1,026,217
	2,035,000	4.75%, 04/15/2058		1,770,915
		Constellation Brands, Inc.
	1,795,000	2.65%, 11/07/2022		1,718,771
	380,000	2.70%, 05/09/2022		367,035
	1,490,000	3.60%, 02/15/2028		1,372,196
	1,170,000	4.40%, 11/15/2025		1,172,315
	245,000	4.50%, 05/09/2047		223,617
	2,003,000	4.75%, 12/01/2025		2,045,623

				20,695,489

		Biotechnology - 0.3%
	1,315,000	Amgen, Inc. 2.65%, 05/11/2022		1,285,470
	85,000	Celgene Corp. 4.63%, 05/15/2044		74,668
		Gilead Sciences, Inc.
	590,000	3.25%, 09/01/2022		588,613
	4,490,000	4.15%, 03/01/2047		4,135,923

				6,084,674

		Chemicals - 1.0%
	440,000	CF Industries, Inc. 4.95%, 06/01/2043		341,000
	290,000	Chemours Co. 5.38%, 05/15/2027		261,000
		DowDuPont, Inc.
	3,495,000	4.21%, 11/15/2023		3,572,413
	3,495,000	4.73%, 11/15/2028		3,608,244
	1,080,000	LyondellBasell Industries N.V. 4.63%, 02/26/2055		909,595
		Methanex Corp.
	1,590,000	4.25%, 12/01/2024		1,543,216
	531,000	5.65%, 12/01/2044		476,338
	290,000	Olin Corp. 5.13%, 09/15/2027⁽⁶⁾		266,800
	2,485,000	SABIC Capital II B.V. 4.00%, 10/10/2023⁽¹⁾		2,472,575
	1,830,000	Sherwin-Williams Co. 3.45%, 06/01/2027		1,705,865
		Syngenta Finance N.V.
	1,810,000	4.89%, 04/24/2025⁽¹⁾		1,711,444
	3,190,000	5.18%, 04/24/2028⁽¹⁾		2,958,245
	265,000	Versum Materials, Inc. 5.50%, 09/30/2024⁽¹⁾		262,350

				20,089,085

		Commercial Banks - 8.1%
		Banco Bilbao Vizcaya Argentaria S.A.
	5,200,000	5 year USD Swap + 3.870%, 6.13%, 11/16/2027^(2)(6)(7)		4,355,000
EUR	400,000	5 year EUR Swap + 9.177%, 8.88%, 04/14/2021^(2)(7)(8)		496,385


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 28.6% - (continued)
		Commercial Banks - 8.1% - (continued)
		Banco de Sabadell S.A.
EUR	1,400,000	5 year EUR Swap + 6.051%, 6.13%, 11/23/2022^(2)(7)(8)	$	1,445,650
	2,400,000	5 year EUR Swap + 6.414%, 6.50%, 05/18/2022^(2)(7)(8)		2,540,188
$	2,800,000	Banco Santander S.A. 3.80%, 02/23/2028		2,490,523
		Bank of America Corp.
	3,275,000	3 mo. USD LIBOR + 1.160%, 3.12%, 01/20/2023⁽²⁾		3,219,883
	6,005,000	3 mo. USD LIBOR + 0.810%, 3.37%, 01/23/2026⁽²⁾		5,741,329
	4,620,000	3 mo. USD LIBOR + 1.512%, 3.71%, 04/24/2028⁽²⁾		4,431,820
	1,205,000	3 mo. USD LIBOR + 0.940%, 3.86%, 07/23/2024⁽²⁾		1,202,130
	1,020,000	4.00%, 01/22/2025		993,629
	40,000	4.18%, 11/25/2027		38,447
	2,285,000	4.20%, 08/26/2024		2,266,263
	2,925,000	7.75%, 05/14/2038		3,782,846
	780,000	Barclays Bank plc 2.65%, 01/11/2021		763,720
	1,450,000	Barclays plc 5 year USD Swap + 6.772%, 7.88%, 03/15/2022^(2)(7)(8)		1,450,000
		BNP Paribas S.A.
	585,000	2.95%, 05/23/2022⁽¹⁾		563,778
	2,890,000	3.38%, 01/09/2025⁽¹⁾		2,719,713
	1,645,000	4.40%, 08/14/2028⁽¹⁾		1,605,587
	1,505,000	5 year USD Swap + 2.838%, 5.13%, 11/15/2027^(1)(2)(7)		1,301,825
	1,940,000	5 year USD Swap + 6.314%, 7.63%, 03/30/2021^(1)(2)(7)		1,976,375
		BPCE S.A.
	635,000	2.75%, 01/11/2023⁽¹⁾		609,133
	1,245,000	3.00%, 05/22/2022⁽¹⁾		1,202,595
EUR	400,000	Caixa Geral de Depositos S.A. 5 year EUR Swap + 10.925%, 10.75%, 03/30/2022^(2)(7)(8)		499,547
	1,200,000	CaixaBank S.A. 5 year EUR Swap + 6.498%, 6.75%, 06/13/2024^(2)(7)(8)		1,387,502
		Citigroup, Inc.
$	300,000	2.70%, 10/27/2022		289,185
	2,360,000	3.20%, 10/21/2026		2,178,725
	1,085,000	3 mo. USD LIBOR + 1.151%, 3.52%, 10/27/2028⁽²⁾		1,011,861
	2,960,000	3 mo. USD LIBOR + 1.100%, 3.74%, 05/17/2024⁽²⁾		2,887,805
	1,025,000	3 mo. USD LIBOR + 1.192%, 4.08%, 04/23/2029⁽²⁾		997,274
	2,275,000	4.45%, 09/29/2027		2,192,683
	111,000	4.65%, 07/30/2045		108,118
	1,069,000	4.75%, 05/18/2046		988,247
		Credit Agricole S.A.
	1,750,000	5 year USD Swap +1.644%, 4.00%, 01/10/2033⁽¹⁾⁽²⁾		1,602,553
	4,000,000	5 year USD Swap + 6.185%, 8.13%, 12/23/2025^(1)(2)(7)		4,110,000
		Credit Suisse Group AG
	5,685,000	5 year USD Swap + 3.455%, 6.25%, 12/18/2024^(1)(2)(7)		5,369,824
	275,000	5 year USD Swap + 4.600%, 7.50%, 07/17/2023^(1)(2)(7)		268,125
EUR	650,000	Danske Bank A/S 5 year EUR Swap + 5.471%, 5.88%, 04/06/2022^(2)(7)(8)		745,345
$	1,400,000	DNB Bank ASA 5 year USD Swap + 5.080%, 6.50%, 03/26/2022^(2)(7)(8)		1,374,450
		Goldman Sachs Group, Inc.
	2,235,000	3 mo. USD LIBOR + 0.821%, 2.88%, 10/31/2022⁽²⁾		2,170,651

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


		118

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 28.6% - (continued)
		Commercial Banks - 8.1% - (continued)
$	3,040,000	3 mo. USD LIBOR + 0.990%, 2.91%, 07/24/2023⁽²⁾	$	2,895,832
	4,430,000	3 mo. USD LIBOR + 1.510%, 3.69%, 06/05/2028⁽²⁾		4,117,111
	3,860,000	3 mo. USD LIBOR + 1.158%, 3.81%, 04/23/2029⁽²⁾		3,603,793
	2,285,000	3 mo. USD LIBOR + 1.373%, 4.02%, 10/31/2038⁽²⁾		2,010,815
	1,250,000	3 mo. USD LIBOR + 1.301%, 4.22%, 05/01/2029⁽²⁾		1,202,985
	1,005,000	6.25%, 02/01/2041		1,146,260
	1,890,000	6.75%, 10/01/2037		2,134,346
		HSBC Holdings plc
	1,305,000	2.95%, 05/25/2021		1,288,183
	2,370,000	3.40%, 03/08/2021		2,363,849
	1,200,000	3 mo. USD LIBOR + 1.535%, 4.58%, 06/19/2029⁽²⁾		1,189,486
	2,925,000	5 year USD ICE Swap + 3.746%, 6.00%, 05/22/2027⁽²⁾⁽⁷⁾		2,633,904
	1,075,000	5 year USD ICE Swap + 3.453%, 6.25%, 03/23/2023⁽²⁾⁽⁷⁾		1,007,812
		Intesa Sanpaolo S.p.A.
	1,015,000	3.38%, 01/12/2023⁽¹⁾		940,247
	895,000	3.88%, 01/12/2028⁽¹⁾		764,364
	300,000	4.38%, 01/12/2048⁽¹⁾		225,891
	1,675,000	5 year USD Swap + 5.462%, 7.70%, 09/17/2025^(1)(2)(6)(7)		1,499,125
EUR	1,375,000	5 year EUR Swap + 7.192%, 7.75%, 01/11/2027^(2)(7)(8)		1,647,786
		JP Morgan Chase & Co.
$	2,750,000	2.40%, 06/07/2021		2,689,789
	2,665,000	3 mo. USD LIBOR + 1.155%, 3.22%, 03/01/2025⁽²⁾		2,574,342
	2,500,000	3 mo. USD LIBOR + 0.945%, 3.51%, 01/23/2029⁽²⁾		2,367,260
	955,000	3 mo. USD LIBOR + 1.230%, 3.72%, 10/24/2023⁽²⁾		954,759
	1,990,000	3 mo. USD LIBOR + 0.890%, 3.80%, 07/23/2024⁽²⁾		1,993,593
	2,230,000	3 mo. USD LIBOR + 1.120%, 4.01%, 04/23/2029⁽²⁾		2,186,208
		Morgan Stanley
	2,725,000	2.50%, 04/21/2021		2,667,218
	3,240,000	2.75%, 05/19/2022		3,152,133
	5,935,000	3 mo. USD LIBOR + 1.340%, 3.59%, 07/22/2028⁽²⁾		5,611,565
	2,120,000	3.63%, 01/20/2027		2,014,843
	1,090,000	3.95%, 04/23/2027		1,027,646
	3,275,000	4.00%, 07/23/2025		3,230,952
	685,000	Royal Bank of Scotland Group plc 5 year USD Swap + 7.598%, 8.63%, 08/15/2021⁽²⁾⁽⁷⁾		708,975
	1,825,000	Santander Holdings USA, Inc. 3.70%, 03/28/2022		1,792,327
		Societe Generale S.A.
	3,275,000	5 year USD Swap + 6.238%, 7.38%, 09/13/2021^(1)(2)(7)		3,189,031
	625,000	5 year USD ICE Swap + 5.873%, 8.00%, 09/29/2025^(1)(2)(7)		627,344
	1,950,000	Standard Chartered plc 5 year USD Swap + 6.301%, 7.50%, 04/02/2022^(2)(7)(8)		1,954,875
	2,325,000	UBS AG 2.45%, 12/01/2020⁽¹⁾		2,281,553
		UBS Group Funding Switzerland AG
	1,273,000	2.65%, 02/01/2022⁽¹⁾		1,232,106
	3,050,000	5 year USD ICE Swap + 5.497%, 6.88%, 03/22/2021^(2)(7)(8)		3,050,000
	1,620,000	5 year USD Swap + 5.464%, 7.13%, 02/19/2020^(2)(7)(8)		1,624,050


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 28.6% - (continued)
		Commercial Banks - 8.1% - (continued)
		UniCredit S.p.A.
EUR	1,215,000	5 year EUR Swap + 4.925%, 5.38%, 06/03/2025^(2)(7)(8)	$	1,167,495
	2,225,000	5 year EUR Swap + 6.387%, 6.63%, 06/03/2023^(2)(7)(8)		2,394,281
$	625,000	5 year USD Swap + 5.180%, 8.00%, 06/03/2024^(2)(7)(8)		554,687
		Wells Fargo & Co.
	1,795,000	2.63%, 07/22/2022		1,730,848
	1,655,000	3.00%, 04/22/2026		1,542,193
	665,000	3.00%, 10/23/2026		615,607
	4,800,000	3.07%, 01/24/2023		4,674,835
	3,375,000	3 mo. USD LIBOR + 1.310%, 3.58%, 05/22/2028⁽²⁾		3,240,257
	1,370,000	4.40%, 06/14/2046		1,256,717
	295,000	4.90%, 11/17/2045		287,647
	890,000	5.61%, 01/15/2044		965,216

				169,410,855

		Commercial Services - 0.3%
	6,128,000	Acwa Power Management And Investments One Ltd. 5.95%, 12/15/2039⁽¹⁾		5,756,153
		Ashtead Capital, Inc.
	200,000	4.13%, 08/15/2025⁽¹⁾		183,000
	200,000	4.38%, 08/15/2027⁽¹⁾		180,000
	400,000	United Rentals North America, Inc. 5.50%, 07/15/2025		377,000

				6,496,153

		Construction Materials - 0.0%
		Standard Industries, Inc.
	60,000	5.38%, 11/15/2024⁽¹⁾		56,325
	930,000	6.00%, 10/15/2025⁽¹⁾		891,963

				948,288

		Diversified Financial Services - 0.4%
	2,425,000	American Express Co. 3.40%, 02/27/2023		2,402,433
	5,580,000	IHS Markit Ltd. 4.13%, 08/01/2023		5,523,084
		Navient Corp.
	660,000	5.88%, 03/25/2021		631,950
	390,000	7.25%, 01/25/2022		376,350

				8,933,817

		Electric - 1.4%
		AES Corp.
	330,000	4.00%, 03/15/2021		324,225
	220,000	4.50%, 03/15/2023		214,500
	330,000	4.88%, 05/15/2023		322,575
	50,000	5.13%, 09/01/2027		48,000
	1,180,000	Berkshire Hathaway Energy Co. 3.25%, 04/15/2028		1,122,503
	1,605,000	DTE Energy Co. 1.50%, 10/01/2019		1,581,207
	1,525,000	Duke Energy Carolinas LLC 4.25%, 12/15/2041		1,528,919
	970,000	Duke Energy Florida LLC 3.40%, 10/01/2046		835,770
	1,495,000	Duke Energy Progress LLC 4.38%, 03/30/2044		1,522,441
	2,275,000	Exelon Corp. 2.85%, 06/15/2020		2,256,973
	645,000	Fortis, Inc. 2.10%, 10/04/2021		620,081
	1,590,000	IPALCO Enterprises, Inc. 3.70%, 09/01/2024		1,547,863
	565,000	Oncor Electric Delivery Co. LLC 5.75%, 03/15/2029⁽¹⁾		659,429
		Pacific Gas & Electric Co.
	785,000	2.95%, 03/01/2026		645,416
	4,390,000	3.30%, 12/01/2027		3,582,454
	1,833,000	3.40%, 08/15/2024		1,589,628
	550,000	3.50%, 06/15/2025		471,375
	544,000	3.75%, 02/15/2024		482,571
	135,000	5.13%, 11/15/2043		116,367

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


		119

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 28.6% - (continued)
		Electric - 1.4% - (continued)
$	20,000	5.40%, 01/15/2040	$	17,737
	2,625,000	6.05%, 03/01/2034		2,432,212
		South Carolina Electric & Gas Co.
	525,000	3.50%, 08/15/2021		526,474
	580,000	4.25%, 08/15/2028		601,298
	2,275,000	4.50%, 06/01/2064		2,100,831
		Southern California Edison Co.
	425,000	3.70%, 08/01/2025		423,938
	245,000	4.13%, 03/01/2048		231,952
		Southern Co.
	625,000	2.95%, 07/01/2023		603,560
	1,495,000	3.25%, 07/01/2026		1,400,447
	2,125,000	Vistra Operations Co. LLC 5.50%, 09/01/2026⁽¹⁾		2,045,312

				29,856,058

		Electronics - 0.1%
	1,125,000	Fortive Corp. 2.35%, 06/15/2021		1,096,948

		Engineering & Construction - 0.6%
	2,350,000	Fluor Corp. 4.25%, 09/15/2028		2,289,291
		Mexico City Airport Trust
	474,000	3.88%, 04/30/2028⁽¹⁾		416,409
	200,000	5.50%, 07/31/2047⁽¹⁾		175,752
		SBA Tower Trust
	4,815,000	3.17%, 04/09/2047⁽¹⁾		4,734,096
	4,540,000	3.45%, 03/15/2048⁽¹⁾		4,512,081

				12,127,629

		Entertainment - 0.1%
		GLP Capital L.P. / GLP Financing II, Inc.
	1,260,000	5.30%, 01/15/2029		1,232,318
	275,000	5.38%, 04/15/2026		271,978
		WMG Acquisition Corp.
	445,000	4.88%, 11/01/2024⁽¹⁾		421,637
	260,000	5.00%, 08/01/2023⁽¹⁾		252,850

				2,178,783

		Food - 0.4%
		Conagra Brands, Inc.
	450,000	3.80%, 10/22/2021		450,159
	240,000	4.60%, 11/01/2025		240,760
	370,000	5.30%, 11/01/2038		349,628
		Kraft Heinz Foods Co.
	1,485,000	4.38%, 06/01/2046		1,223,382
	4,075,000	4.63%, 01/30/2029		4,029,029
	1,730,000	Sysco Corp. 2.50%, 07/15/2021		1,695,020
	285,000	TreeHouse Foods, Inc. 6.00%, 02/15/2024⁽¹⁾		282,150

				8,270,128

		Food Service - 0.0%
		Aramark Services, Inc.
	75,000	4.75%, 06/01/2026		70,500
	585,000	5.00%, 02/01/2028⁽¹⁾		545,512

				616,012

		Forest Products & Paper - 0.1%
	1,365,000	Suzano Austria GmbH 6.00%, 01/15/2029⁽¹⁾		1,392,982

		Gas - 0.1%
		AmeriGas Partners L.P. / AmeriGas Finance Corp.
	70,000	5.63%, 05/20/2024		66,150
	375,000	5.88%, 08/20/2026		342,188
	1,640,000	Sempra Energy 2.40%, 02/01/2020		1,617,947

				2,026,285

		Healthcare - Products - 0.5%
		Becton Dickinson and Co.
	4,140,000	3.36%, 06/06/2024		3,976,375
	2,610,000	3.70%, 06/06/2027		2,468,637


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 28.6% - (continued)
		Healthcare - Products - 0.5% - (continued)
$	2,385,000	Boston Scientific Corp. 4.00%, 03/01/2028	$	2,314,957
	855,000	Thermo Fisher Scientific, Inc. 3.00%, 04/15/2023		831,819

				9,591,788

		Healthcare - Services - 1.1%
	855,000	Aetna, Inc. 2.80%, 06/15/2023		813,112
		Anthem, Inc.
	2,875,000	3.50%, 08/15/2024		2,820,009
	2,305,000	3.65%, 12/01/2027		2,202,258
	410,000	4.63%, 05/15/2042		395,200
	8,155,000	Cigna Corp. 4.38%, 10/15/2028⁽¹⁾		8,200,512
		Community Health Systems, Inc.
	535,000	5.13%, 08/01/2021⁽⁶⁾		496,213
	90,000	6.25%, 03/31/2023		81,792
	1,530,000	Halfmoon Parent, Inc. 4.13%, 11/15/2025⁽¹⁾		1,527,845
	75,000	HCA, Inc. 4.75%, 05/01/2023		73,875
	140,000	Tenet Healthcare Corp. 6.00%, 10/01/2020		141,750
		UnitedHealth Group, Inc.
	1,230,000	3.50%, 06/15/2023		1,240,605
	860,000	3.70%, 12/15/2025		868,581
	1,260,000	3.75%, 07/15/2025		1,275,456
	370,000	4.25%, 04/15/2047		366,779
	705,000	4.25%, 06/15/2048		704,607
	670,000	4.75%, 07/15/2045		708,860

				21,917,454

		Home Builders - 0.1%
	595,000	Lennar Corp. 4.75%, 11/29/2027		536,987
	285,000	PulteGroup, Inc. 5.50%, 03/01/2026		274,313
	575,000	Toll Brothers Finance Corp. 4.88%, 11/15/2025		537,625

				1,348,925

		Insurance - 0.1%
	835,000	CNO Financial Group, Inc. 5.25%, 05/30/2025		795,337
		Genworth Holdings, Inc.
	20,000	4.80%, 02/15/2024		16,500
	380,000	4.90%, 08/15/2023		314,450
	15,000	7.63%, 09/24/2021		14,813
	258,000	Massachusetts Mutual Life Insurance Co. 8.88%, 06/01/2039⁽¹⁾		386,725
	345,000	MGIC Investment Corp. 5.75%, 08/15/2023		343,275
	1,035,000	Willis North America, Inc. 3.60%, 05/15/2024		1,010,533

				2,881,633

		Internet - 0.5%
		Alibaba Group Holding Ltd.
	2,975,000	3.40%, 12/06/2027		2,750,860
	630,000	4.00%, 12/06/2037		565,164
	1,050,000	4.20%, 12/06/2047		930,987
		Amazon.com, Inc.
	550,000	2.80%, 08/22/2024		534,576
	2,640,000	3.88%, 08/22/2037		2,549,594
	150,000	Symantec Corp. 5.00%, 04/15/2025⁽¹⁾		139,902
		Tencent Holdings Ltd.
	2,090,000	2.99%, 01/19/2023⁽¹⁾		2,031,148
	1,210,000	3.60%, 01/19/2028⁽¹⁾		1,136,870

				10,639,101

		Iron/Steel - 0.3%
	275,000	ArcelorMittal 6.13%, 06/01/2025		286,690
	285,000	Commercial Metals Co. 5.38%, 07/15/2027		255,075
		Steel Dynamics, Inc.
	785,000	4.13%, 09/15/2025		721,219
	275,000	5.50%, 10/01/2024		272,250
		Vale Overseas Ltd.
	3,910,000	6.25%, 08/10/2026		4,222,800
	405,000	6.88%, 11/10/2039		467,775

				6,225,809

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


		120

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 28.6% - (continued)
		IT Services - 0.1%
$	1,050,000	Apple, Inc. 3.45%, 02/09/2045	$	929,747
	1,035,000	Hewlett Packard Enterprise Co. 6.35%, 10/15/2045		966,105

				1,895,852

		Leisure Time - 0.0%
	150,000	VOC Escrow Ltd. 5.00%, 02/15/2028⁽¹⁾		138,375

		Lodging - 0.0%
	290,000	Hilton Domestic Operating Co., Inc. 5.13%, 05/01/2026⁽¹⁾		278,400
		Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.
	15,000	5.25%, 05/15/2027⁽¹⁾		13,200
	20,000	5.50%, 03/01/2025⁽¹⁾		18,650

				310,250

		Machinery - Construction & Mining - 0.0%
	365,000	Oshkosh Corp. 5.38%, 03/01/2025		364,088

		Media - 1.9%
		CCO Holdings LLC / CCO Holdings Capital Corp.
	40,000	5.13%, 02/15/2023		39,000
	150,000	5.13%, 05/01/2027⁽¹⁾		139,710
	145,000	5.75%, 02/15/2026⁽¹⁾		142,100
		Charter Communications Operating LLC / Charter Communications Operating Capital
	4,450,000	4.20%, 03/15/2028		4,191,905
	3,420,000	6.48%, 10/23/2045		3,515,550
		Comcast Corp.
	150,000	2.35%, 01/15/2027		134,084
	490,000	3.20%, 07/15/2036		421,501
	940,000	3.95%, 10/15/2025		951,127
	1,815,000	4.05%, 11/01/2052		1,628,940
	845,000	4.15%, 10/15/2028		858,040
	935,000	4.25%, 10/15/2030		945,573
	645,000	4.60%, 10/15/2038		651,307
	440,000	4.95%, 10/15/2058		447,326
		Cox Communications, Inc.
	510,000	2.95%, 06/30/2023⁽¹⁾		490,739
	2,601,000	3.15%, 08/15/2024⁽¹⁾		2,502,171
	600,000	4.80%, 02/01/2035⁽¹⁾		547,032
	430,000	CSC Holdings LLC 5.50%, 04/15/2027⁽¹⁾		399,900
		Discovery Communications LLC
	1,590,000	3.80%, 03/13/2024		1,551,097
	1,057,000	3.95%, 06/15/2025⁽¹⁾		1,015,324
	890,000	4.90%, 03/11/2026		896,559
	555,000	DISH DBS Corp. 5.88%, 11/15/2024		446,775
	545,000	Liberty Interactive LLC 8.25%, 02/01/2030		531,375
	1,500,000	NBCUniversal Media LLC 5.95%, 04/01/2041		1,721,645
	505,000	TEGNA, Inc. 5.50%, 09/15/2024⁽¹⁾⁽⁶⁾		489,219
	5,060,000	Time Warner Entertainment Co. L.P. 8.38%, 07/15/2033		6,168,748
		Viacom, Inc.
	5,595,000	4.25%, 09/01/2023		5,573,165
	845,000	4.38%, 03/15/2043		667,181
	55,000	3 mo. USD LIBOR + 3.895%, 5.88%, 02/28/2057⁽²⁾		49,912
	79,000	3 mo. USD LIBOR + 3.899%, 6.25%, 02/28/2057⁽²⁾		73,640
	550,000	Videotron Ltd. 5.38%, 06/15/2024⁽¹⁾		544,500
		Warner Media LLC
	165,000	2.95%, 07/15/2026		147,516
	2,725,000	3.80%, 02/15/2027		2,556,876
	165,000	3.88%, 01/15/2026		157,591

				40,597,128


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 28.6% - (continued)
		Mining - 0.2%
		Anglo American Capital plc
$	850,000	4.75%, 04/10/2027⁽¹⁾	$	814,069
	1,945,000	4.88%, 05/14/2025⁽¹⁾		1,910,406
	285,000	FMG Resources August 2006 Pty Ltd. 5.13%, 05/15/2024⁽¹⁾		262,200
	560,000	Kaiser Aluminum Corp. 5.88%, 05/15/2024		547,400

				3,534,075

		Miscellaneous Manufacturing - 0.1%
	1,000,000	Ingersoll-Rand Global Holding Co., Ltd. 2.90%, 02/21/2021		990,560

		Office/Business Equipment - 0.0%
	870,000	Pitney Bowes, Inc. 4.70%, 04/01/2023		767,775

		Oil & Gas - 1.2%
	150,000	Aker BP ASA 5.88%, 03/31/2025⁽¹⁾		149,625
	485,000	Anadarko Petroleum Corp. 4.50%, 07/15/2044		410,989
	280,000	Antero Resources Corp. 5.63%, 06/01/2023		266,000
	3,035,000	Canadian Natural Resources Ltd. 3.85%, 06/01/2027		2,862,977
	88,000	Continental Resources, Inc. 5.00%, 09/15/2022		87,376
	1,335,000	EnCana Corp. 3.90%, 11/15/2021		1,336,129
		Hess Corp.
	3,415,000	4.30%, 04/01/2027		3,129,280
	105,000	6.00%, 01/15/2040		96,244
	2,210,000	Kerr-McGee Corp. 6.95%, 07/01/2024		2,463,842
	585,000	Marathon Oil Corp. 3.85%, 06/01/2025		548,796
	945,000	Marathon Petroleum Corp. 3.80%, 04/01/2028⁽¹⁾		886,822
	295,000	MEG Energy Corp. 6.50%, 01/15/2025⁽¹⁾		299,425
	150,000	Nabors Industries, Inc. 4.63%, 09/15/2021		134,503
		Petroleos Mexicanos
	240,000	6.50%, 01/23/2029		223,800
	1,650,000	6.63%, 06/15/2035		1,440,450
	1,015,000	Phillips 66 3.90%, 03/15/2028		980,477
	2,090,000	Pioneer Natural Resources Co. 7.50%, 01/15/2020		2,171,800
		QEP Resources, Inc.
	385,000	5.25%, 05/01/2023		340,725
	10,000	5.38%, 10/01/2022		9,100
		SM Energy Co.
	255,000	6.13%, 11/15/2022		240,975
	70,000	6.75%, 09/15/2026⁽⁶⁾		62,650
	295,000	Sunoco L.P. / Sunoco Finance Corp. 5.50%, 02/15/2026		279,513
	2,320,000	Tullow Oil plc 7.00%, 03/01/2025⁽¹⁾		2,151,800
	1,650,000	Valero Energy Corp. 3.40%, 09/15/2026		1,513,606
		WPX Energy, Inc.
	190,000	5.25%, 09/15/2024		171,950
	72,000	6.00%, 01/15/2022		70,020
ARS	93,580,252	YPF S.A. 16.50%, 05/09/2022⁽¹⁾		1,608,944

				23,937,818

		Packaging & Containers - 0.2%
$	695,000	Owens-Brockway Glass Container, Inc. 5.88%, 08/15/2023⁽¹⁾		696,737
	295,000	Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 5.13%, 07/15/2023⁽¹⁾		280,988
	2,415,000	Westrock Co. 4.65%, 03/15/2026⁽¹⁾		2,451,904

				3,429,629

		Pharmaceuticals - 1.4%
	1,135,000	Allergan Funding SCS 3.45%, 03/15/2022		1,116,888
		Bausch Health Cos., Inc.
	315,000	6.50%, 03/15/2022⁽¹⁾		316,575
	140,000	7.00%, 03/15/2024⁽¹⁾		141,400
	95,000	Baxalta, Inc. 3.60%, 06/23/2022		94,280

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


		121

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 28.6% - (continued)
		Pharmaceuticals - 1.4% - (continued)
$	3,915,000	Bayer U.S. Finance LLC 4.25%, 12/15/2025⁽¹⁾	$	3,810,316
	2,120,000	Cardinal Health, Inc. 2.62%, 06/15/2022		2,042,271
		CVS Health Corp.
	1,530,000	3.13%, 03/09/2020		1,526,969
	883,000	3.88%, 07/20/2025		860,484
	3,855,000	4.10%, 03/25/2025		3,816,536
	1,640,000	5.05%, 03/25/2048		1,595,080
	1,690,000	5.13%, 07/20/2045		1,645,061
		Elanco Animal Health, Inc.
	1,406,000	3.91%, 08/27/2021⁽¹⁾		1,414,748
	1,395,000	4.27%, 08/28/2023⁽¹⁾		1,393,820
	2,875,000	GlaxoSmithKline Capital, Inc. 3.63%, 05/15/2025		2,893,337
	280,000	IQVIA, Inc. 4.88%, 05/15/2023⁽¹⁾		274,400
		Mylan N.V.
	865,000	3.15%, 06/15/2021		845,939
	1,705,000	3.75%, 12/15/2020		1,704,206
	988,000	3.95%, 06/15/2026		900,476
		Mylan, Inc.
	1,080,000	4.55%, 04/15/2028⁽¹⁾		1,006,588
	590,000	5.20%, 04/15/2048⁽¹⁾		486,482
	1,525,000	Shire Acquisitions Investments Ireland DAC 2.40%, 09/23/2021		1,474,650
		Teva Pharmaceutical Finance Netherlands B.V.
	805,000	2.80%, 07/21/2023		693,303
	100,000	3.15%, 10/01/2026		76,322

				30,130,131

		Pipelines - 0.9%
		Andeavor Logistics L.P. / Tesoro Logistics Finance Corp.
	1,970,000	4.25%, 12/01/2027		1,859,690
	211,000	6.25%, 10/15/2022		215,220
	280,000	Cheniere Corpus Christi Holdings LLC 5.88%, 03/31/2025		278,600
		DCP Midstream Operating L.P.
	241,000	4.95%, 04/01/2022		238,590
	215,000	5.60%, 04/01/2044		185,975
	555,000	Energy Transfer Equity L.P. 5.50%, 06/01/2027		541,125
	360,000	Energy Transfer Partners L.P. 4.20%, 09/15/2023		354,794
		EQT Midstream Partners L.P.
	1,000,000	4.75%, 07/15/2023		997,850
	1,250,000	5.50%, 07/15/2028		1,224,249
		MPLX L.P.
	875,000	4.00%, 03/15/2028		820,094
	1,355,000	4.13%, 03/01/2027		1,290,114
	510,000	4.70%, 04/15/2048		442,938
	325,000	5.20%, 03/01/2047		299,162
	245,000	Sabine Pass Liquefaction LLC 4.20%, 03/15/2028		234,347
		Sunoco Logistics Partners Operations L.P.
	175,000	5.30%, 04/01/2044		154,528
	180,000	5.35%, 05/15/2045		159,324
		Texas Eastern Transmission L.P.
	2,080,000	2.80%, 10/15/2022⁽¹⁾		2,000,224
	165,000	3.50%, 01/15/2028⁽¹⁾		155,781
		TransCanada PipeLines Ltd.
	645,000	4.75%, 05/15/2038		621,682
	155,000	6.10%, 06/01/2040		172,998
	475,000	Transcontinental Gas Pipe Line Co. LLC 4.00%, 03/15/2028		464,474
	2,045,000	Valero Energy Partners L.P. 4.50%, 03/15/2028		2,002,384
		Western Gas Partners L.P.
	2,155,000	4.50%, 03/01/2028		2,014,331
	1,300,000	4.75%, 08/15/2028		1,237,489
	110,000	5.50%, 08/15/2048		97,927
	570,000	Williams Cos., Inc. 4.30%, 03/04/2024		568,013

				18,631,903


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 28.6% - (continued)
		Real Estate Investment Trusts - 0.1%
		Crown Castle International Corp.
$	500,000	3.15%, 07/15/2023	$	480,642
	600,000	3.20%, 09/01/2024		569,223
	265,000	3.80%, 02/15/2028		250,767
	570,000	Equinix, Inc. 5.88%, 01/15/2026		574,275

				1,874,907

		Retail - 0.5%
	150,000	1011778 BC ULC / New Red Finance, Inc. 4.25%, 05/15/2024⁽¹⁾		138,000
	1,060,000	Home Depot, Inc. 3.50%, 09/15/2056		891,281
	270,000	Lowe’s Cos., Inc. 3.70%, 04/15/2046		220,195
	1,780,000	McDonald’s Corp. 3.35%, 04/01/2023		1,770,999
		Starbucks Corp.
	1,195,000	3.80%, 08/15/2025		1,181,758
	720,000	4.00%, 11/15/2028		714,170
	315,000	Suburban Propane Partners L.P. / Suburban Energy Finance Corp. 5.88%, 03/01/2027		278,775
	445,000	United Rentals North America, Inc. 4.88%, 01/15/2028		390,488
	4,210,000	Walmart, Inc. 3.40%, 06/26/2023		4,253,382

				9,839,048

		Semiconductors - 0.8%
		Broadcom Corp. / Broadcom Cayman Finance Ltd.
	745,000	3.13%, 01/15/2025		672,556
	5,750,000	3.63%, 01/15/2024		5,440,080
	2,610,000	3.88%, 01/15/2027		2,341,443
	85,000	Entegris, Inc. 4.63%, 02/10/2026⁽¹⁾		78,200
	870,000	Intel Corp. 4.10%, 05/19/2046		845,378
	1,645,000	Microchip Technology, Inc. 4.33%, 06/01/2023⁽¹⁾		1,604,558
	5,220,000	NXP B.V. / NXP Funding LLC 4.88%, 03/01/2024⁽¹⁾		5,242,916
	355,000	Sensata Technologies B.V. 5.00%, 10/01/2025⁽¹⁾		333,700
	310,000	Sensata Technologies UK Financing Co. plc 6.25%, 02/15/2026⁽¹⁾		311,550

				16,870,381

		Software - 0.5%
		CDK Global, Inc.
	150,000	4.88%, 06/01/2027		139,125
	30,000	5.88%, 06/15/2026		30,122
	810,000	Fidelity National Information Services, Inc. 4.25%, 05/15/2028		804,668
		First Data Corp.
	100,000	5.00%, 01/15/2024⁽¹⁾		96,250
	480,000	5.38%, 08/15/2023⁽¹⁾		471,600
		Microsoft Corp.
	180,000	3.30%, 02/06/2027		178,290
	1,525,000	3.70%, 08/08/2046		1,460,925
	1,470,000	3.95%, 08/08/2056		1,434,242
	465,000	MSCI, Inc. 5.75%, 08/15/2025⁽¹⁾		468,487
	260,000	Open Text Corp. 5.88%, 06/01/2026⁽¹⁾		254,800
	795,000	Oracle Corp. 4.00%, 11/15/2047		740,701
		salesforce.com, Inc.
	1,165,000	3.25%, 04/11/2023		1,170,985
	780,000	3.70%, 04/11/2028		784,122
	3,810,000	Western Digital Corp. 4.75%, 02/15/2026		3,305,175

				11,339,492

		Telecommunications - 1.9%
		AT&T, Inc.
	620,000	4.10%, 02/15/2028		596,177
	120,000	4.13%, 02/17/2026		117,264
	715,000	4.25%, 03/01/2027		699,527
	4,604,000	4.30%, 02/15/2030		4,350,714
	1,615,000	4.75%, 05/15/2046		1,433,949

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


		122

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
CORPORATE BONDS - 28.6% - (continued)
		Telecommunications - 1.9% - (continued)
$	7,400,000	GTP Acquisition Partners LLC 3.48%, 06/15/2050⁽¹⁾	$	7,303,981
		Nokia Oyj
	1,190,000	4.38%, 06/12/2027		1,106,700
	575,000	6.63%, 05/15/2039		583,625
	270,000	Sprint Communications, Inc. 7.00%, 03/01/2020⁽¹⁾		276,750
	425,000	Sprint Corp. 7.13%, 06/15/2024		420,895
	2,365,000	Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 5.15%, 09/20/2029⁽¹⁾		2,323,612
		Telecom Italia Capital S.A.
	265,000	6.00%, 09/30/2034		229,225
	160,000	7.72%, 06/04/2038		158,901
	4,430,000	Telecom Italia S.p.A. 5.30%, 05/30/2024⁽¹⁾		4,208,500
		Telefonica Emisiones SAU
	555,000	4.67%, 03/06/2038		502,048
	925,000	4.90%, 03/06/2048		816,422
	825,000	5.21%, 03/08/2047		755,203
		Verizon Communications, Inc.
	2,603,000	4.27%, 01/15/2036		2,430,872
	3,185,000	4.40%, 11/01/2034		3,069,676
	1,735,000	4.50%, 08/10/2033		1,712,594
	1,535,000	4.52%, 09/15/2048		1,438,686
	100,000	4.81%, 03/15/2039		97,929
	115,000	5.01%, 08/21/2054		111,122
	1,345,000	5.25%, 03/16/2037		1,401,041
	3,785,000	Vodafone Group plc 4.38%, 05/30/2028		3,671,710

				39,817,123

		Transportation - 0.3%
	620,000	Canadian Pacific Railway Co. 9.45%, 08/01/2021		710,666
	2,725,000	CSX Corp. 3.25%, 06/01/2027		2,563,848
		FedEx Corp.
	300,000	4.55%, 04/01/2046		272,661
	395,000	4.75%, 11/15/2045		372,420
	2,975,000	Union Pacific Corp. 4.38%, 09/10/2038		2,917,543

				6,837,138


		Total Corporate Bonds (cost $625,735,068)	$	597,262,112



FOREIGN GOVERNMENT OBLIGATIONS - 1.0%
		Argentina - 0.1%
EUR	1,780,000	Argentine Republic Government International Bond 5.25%, 01/15/2028	$	1,455,544

		Egypt - 0.0%
$	720,000	Egypt Government International Bond 8.50%, 01/31/2047⁽⁸⁾		648,939

		Ghana - 0.1%
	1,140,000	Ghana Government International Bond 8.63%, 06/16/2049⁽¹⁾		992,438

		Hungary - 0.0%
	710,000	Hungary Government International Bond 6.38%, 03/29/2021		749,291

		Panama - 0.2%
		Panama Government International Bond
	2,464,000	4.30%, 04/29/2053		2,287,849
	1,460,000	4.50%, 04/16/2050		1,397,950

				3,685,799

		Romania - 0.2%
	3,902,000	Romanian Government International Bond 6.13%, 01/22/2044⁽⁸⁾		4,323,869


Shares or Principal Amount			Market Value^†
FOREIGN GOVERNMENT OBLIGATIONS - 1.0% - (continued)
		Tunisia - 0.1%
EUR	2,365,000	Banque Centrale de Tunisie International Bond 6.75%, 10/31/2023⁽¹⁾	$	2,587,534

		United Arab Emirates - 0.3%
$	5,970,000	Abu Dhabi Government International Bond 4.13%, 10/11/2047⁽¹⁾		5,716,275


		Total Foreign Government Obligations (cost $21,530,776)	$	20,159,689



MUNICIPAL BONDS - 0.9%
		Education - 0.1%
		Chicago, IL, Board of Education, GO
	740,000	6.14%, 12/01/2039	$	703,148
	1,750,000	6.32%, 11/01/2029		1,724,117

				2,427,265

		General - 0.2%
	2,810,000	Chicago, IL, Transit Auth Rev 6.90%, 12/01/2040		3,589,747

		General Obligation - 0.6%
	1,620,000	California State, GO Taxable 7.55%, 04/01/2039		2,320,731
		City of Chicago, IL, GO
	1,015,000	7.05%, 01/01/2029		1,092,312
	3,945,000	7.38%, 01/01/2033		4,337,725
		Illinois State, GO
	1,690,000	4.95%, 06/01/2023		1,715,925
	75,000	5.36%, 02/01/2019		75,127
	3,160,000	5.88%, 03/01/2019		3,173,967

				12,715,787


		Total Municipal Bonds (cost $18,754,166)	$	18,732,799



SENIOR FLOATING RATE INTERESTS - 2.3%⁽⁹⁾
		Advertising - 0.0%
	451,566	Acosta Holdco, Inc. 1 mo. USD LIBOR + 3.250%, 5.77%, 09/26/2021	$	271,965

		Aerospace/Defense - 0.1%
	356,400	Circor International, Inc. 1 mo. USD LIBOR + 3.500%, 5.92%, 12/11/2024		337,393
	573,726	TransDigm, Inc. 1 mo. USD LIBOR + 2.500%, 5.02%, 06/09/2023		540,020

				877,413

		Agriculture - 0.0%
	737,525	Pinnacle Operating Corp. 1 mo. USD LIBOR + 7.250%, 9.77%, 11/15/2021		593,708

		Auto Manufacturers - 0.0%
	153,838	Navistar International Corp. 1 mo. USD LIBOR + 3.500%, 5.89%, 11/06/2024		148,069

		Auto Parts & Equipment - 0.0%
	221,642	Altra Industrial Motion Corp. 1 mo. USD LIBOR + 2.000%, 4.52%, 10/01/2025		210,006

		Biotechnology - 0.0%
	615,232	Sotera Health Holdings LLC 1 mo. USD LIBOR + 3.000%, 5.52%, 05/15/2022		588,058

		Chemicals - 0.1%
	100,000	Cabot Microelectronics Corp. 1 mo. ICE LIBOR + 2.250%, 4.81%, 11/14/2025		96,000
	271,551	Chemours Co. 1 mo. USD LIBOR + 1.750%, 4.28%, 04/03/2025		260,010
	124,688	LTI Holdings, Inc. 1 mo. USD LIBOR + 3.500%, 6.02%, 09/06/2025		117,103
	100,000	Starfruit Finco B.V 1 mo. USD LIBOR + 3.250%, 5.60%, 10/01/2025		95,500

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


		123

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
SENIOR FLOATING RATE INTERESTS - 2.3%⁽⁹⁾ - (continued)
		Chemicals - 0.1% - (continued)
EUR	100,000	Starfruit Finco B.V EURIBOR + 3.750%, 3.75%, 10/01/2025	$	112,599
$	425,419	Univar, Inc. 1 mo. USD LIBOR + 2.250%, 4.77%, 07/01/2024		406,062

				1,087,274

		Coal - 0.0%
	704,813	Foresight Energy LLC 3 mo. USD LIBOR + 5.750%, 8.28%, 03/28/2022		688,658
	174,735	Peabody Energy Corp. 1 mo. USD LIBOR + 2.750%, 5.27%, 03/31/2025		169,056

				857,714

		Commercial Services - 0.2%
	130,000	Allied Universal Holdco LLC 2 mo. USD LIBOR + 4.250%, 6.77%, 07/28/2022		123,825
	279,300	APX Group, Inc. 2 mo. USD LIBOR + 5.000%, 7.50%, 04/01/2024		271,153
	123,438	Ascend Learning LLC 1 mo. USD LIBOR + 3.000%, 5.52%, 07/12/2024		116,340
	203,975	Blackhawk Network Holdings, Inc. 1 mo. USD LIBOR + 3.000%, 5.52%, 06/15/2025		193,650
	160,158	Capital Automotive L.P. 1 mo. USD LIBOR + 6.000%, 8.53%, 03/24/2025		157,657
	100,000	Energizer Holdings, Inc. 1 mo. USD LIBOR + 2.250%, 0.00%, 06/20/2025⁽¹⁰⁾		96,375
	170,000	Quad/Graphics, Inc. 1 mo. USD LIBOR + 5.000%, 0.00%, 12/18/2025⁽¹⁰⁾		165,325
	605,769	Quikrete Holdings, Inc. 1 mo. USD LIBOR + 2.750%, 5.27%, 11/15/2023		575,862
EUR	395,000	Techem GmbH EURIBOR + 3.750%, 3.75%, 07/31/2025		449,516
$	1,014,550	Tempo Acquisition LLC 1 mo. USD LIBOR + 3.000%, 5.52%, 05/01/2024		968,895
EUR	135,000	Verisure Holding AB EURIBOR + 3.500%, 0.00%, 10/21/2022⁽¹⁰⁾		152,622
$	137,750	Weight Watchers International, Inc. 3 mo. USD LIBOR + 4.750%, 7.56%, 11/29/2024		135,798
	519,400	Xerox Business Services LLC 1 mo. USD LIBOR + 2.500%, 5.02%, 12/07/2023		492,459

				3,899,477

		Construction Materials - 0.0%
	268,650	NCI Building Systems, Inc. 3 mo. USD LIBOR + 3.750%, 6.18%, 04/12/2025		244,471

		Diversified Financial Services - 0.1%
	461,775	AlixPartners LLP 3 mo. USD LIBOR + 2.750%, 5.27%, 04/04/2024		442,644
		Crown Finance U.S., Inc.
EUR	104,213	EURIBOR + 2.625%, 2.63%, 02/28/2025		116,566
$	223,313	1 mo. USD LIBOR + 2.500%, 5.02%, 02/28/2025		210,657
	230,000	Financial & Risk US Holdings, Inc. 1 mo. USD LIBOR + 3.750%, 6.27%, 10/01/2025		218,500
EUR	185,208	Nets Holding A/S EURIBOR + 3.000%, 3.00%, 02/06/2025		209,119
$	279,300	RP Crown Parent LLC 1 mo. USD LIBOR + 2.750%, 5.27%, 10/12/2023		268,491
	68,453	SS&C Technologies Holdings Europe S.a.r.l. 1 mo. USD LIBOR + 2.250%, 4.77%, 04/16/2025		64,443

				1,530,420

		Electric - 0.0%
	323,713	Seadrill Partners Finco LLC 3 mo. USD LIBOR + 6.000%, 8.80%, 02/21/2021		252,700


Shares or Principal Amount			Market Value^†
SENIOR FLOATING RATE INTERESTS - 2.3%⁽⁹⁾ - (continued)
		Energy - Alternate Sources - 0.0%
$	263,675	BCP Renaissance Parent LLC 3 mo. USD LIBOR + 3.500%, 6.03%, 10/31/2024	$	256,094
	99,000	Medallion Midland Acquisition LLC 1 mo. USD LIBOR + 3.250%, 5.77%, 10/30/2024		93,184

				349,278

		Engineering & Construction - 0.0%
	738,750	Brand Energy & Infrastructure Services, Inc. 3 mo. USD LIBOR + 4.250%, 6.73%, 06/21/2024		699,862
	99,250	Verra Mobility Corp. 1 mo. USD LIBOR + 3.750%, 6.27%, 02/28/2025		96,397

				796,259

		Entertainment - 0.0%
	430,658	Scientific Games International, Inc. 2 mo. USD LIBOR + 2.750%, 5.25%, 08/14/2024		403,126
	119,700	Wyndham Hotels & Resorts, Inc. 1 mo. USD LIBOR + 1.750%, 4.27%, 05/30/2025		114,912

				518,038

		Food - 0.1%
	495,921	Hostess Brands LLC 1 mo. USD LIBOR + 2.250%, 4.78%, 08/03/2022		471,125
	470,230	Post Holdings, Inc. 1 mo. USD LIBOR + 2.000%, 4.51%, 05/24/2024		452,205

				923,330

		Food Service - 0.0%
	100,000	8th Avenue Food & Provisions, Inc. 3 mo. USD LIBOR + 3.750%, 6.10%, 10/01/2025		97,750
	111,920	Aramark Services, Inc. 3 mo. USD LIBOR + 1.750%, 4.27%, 03/11/2025		108,469

				206,219

		Gas - 0.0%
	105,000	Messer Industries LLC 1 mo. USD LIBOR + 2.500%, 0.00%, 10/01/2025⁽¹⁰⁾		99,400

		Healthcare - Products - 0.1%
	349,675	Kinetic Concepts, Inc. 3 mo. USD LIBOR + 3.250%, 6.05%, 02/02/2024		335,251
	225,000	Lifescan Global Corp. 3 mo. USD LIBOR + 6.000%, 8.40%, 09/27/2024		212,063
	232,063	Parexel International Corp. 1 mo. USD LIBOR + 2.750%, 5.27%, 09/27/2024		209,146
	293,250	Revlon Consumer Products Corp. 1 mo. USD LIBOR + 3.500%, 6.21%, 09/07/2023		207,055

				963,515

		Healthcare - Services - 0.2%
	359,062	CDRH Parent, Inc. 3 mo. USD LIBOR + 4.250%, 7.01%, 07/01/2021		323,156
		DentalCorp Perfect Smile ULC
	26,366	3 mo. ICE LIBOR + 3.750%, 5.17%, 06/06/2025⁽¹¹⁾		25,542
	105,150	1 mo. USD LIBOR + 3.750%, 6.27%, 06/06/2025		101,864
	275,000	Envision Healthcare Corp. 1 mo. USD LIBOR + 3.750%, 6.27%, 10/10/2025		255,651
	310,029	Global Medical Response, Inc. 1 mo. USD LIBOR + 3.250%, 5.68%, 04/28/2022		288,811
EUR	218,900	IQVIA, Inc. EURIBOR + 2.000%, 2.50%, 06/11/2025		249,029
$	683,098	Jaguar Holding Co. 3 mo. USD LIBOR + 2.500%, 5.02%, 08/18/2022		647,236
	471,972	MPH Acquisition Holdings LLC 3 mo. USD LIBOR + 2.750%, 5.55%, 06/07/2023		446,013
	232,235	One Call Corp. 1 mo. USD LIBOR + 5.250%, 7.71%, 11/25/2022		204,483

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


		124

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
SENIOR FLOATING RATE INTERESTS - 2.3%⁽⁹⁾ - (continued)
		Healthcare - Services - 0.2% - (continued)
$	309,066	Syneos Health, Inc. 1 mo. USD LIBOR + 2.000%, 4.52%, 08/01/2024	$	297,670
	388,106	U.S. Renal Care, Inc. 3 mo. USD LIBOR + 4.250%, 7.05%, 12/30/2022		368,507

				3,207,962

		Household Products - 0.0%
	292,050	Diamond (BC) B.V. 2 mo. USD LIBOR + 3.000%, 5.53%, 09/06/2024		268,686

		Insurance - 0.1%
		Asurion LLC
	822,298	1 mo. USD LIBOR + 3.000%, 5.52%, 08/04/2022		788,230
	375,000	1 mo. USD LIBOR + 6.500%, 9.02%, 08/04/2025		370,080
	223,875	Hub International Ltd. 2 mo. USD LIBOR + 2.750%, 5.24%, 04/25/2025		210,933
	285,000	Sedgwick Claims Management Services, Inc. 1 mo. USD LIBOR + 3.250%, 0.00%, 11/06/2025⁽¹⁰⁾		271,582

				1,640,825

		Internet - 0.0%
	610,682	Lands’ End, Inc. 1 mo. USD LIBOR + 3.250%, 5.77%, 04/04/2021		573,278

		Investment Company Security - 0.0%
	155,000	Aretec Group, Inc. 3 mo. USD LIBOR + 4.250%, 6.77%, 10/01/2025		150,479

		Leisure Time - 0.1%
	440,710	Caesars Resort Collection LLC 1 mo. USD LIBOR + 2.750%, 5.27%, 12/22/2024		422,451
	795,546	Delta (LUX) S.a.r.l. 1 mo. USD LIBOR + 2.500%, 5.02%, 02/01/2024		750,462
	752,400	Golden Entertainment, Inc. 1 mo. USD LIBOR + 3.000%, 5.53%, 10/21/2024		718,542
	145,000	Penn National Gaming, Inc. 3 mo. USD LIBOR + 2.250%, 4.71%, 10/15/2025		139,654

				2,031,109

		Lodging - 0.1%
	250,681	Boyd Gaming Corp. 1 Week USD LIBOR + 2.250%, 4.67%, 09/15/2023		240,967
	658,350	Caesars Entertainment Operating Co. 1 mo. USD LIBOR + 2.000%, 4.52%, 10/06/2024		623,787

				864,754

		Machinery - Construction & Mining - 0.0%
	270,000	Brookfield WEC Holdings, Inc. 1 mo. USD LIBOR + 3.750%, 6.27%, 08/01/2025		260,985
	89,198	Pike Corp. 1 mo. USD LIBOR + 3.500%, 6.03%, 03/23/2025		87,153

				348,138

		Machinery - Diversified - 0.0%
	264,788	Gates Global LLC 3 mo. USD LIBOR + 2.750%, 5.27%, 04/01/2024		250,968

		Media - 0.2%
	193,050	Altice Financing S.A. 3 mo. USD LIBOR + 2.750%, 5.22%, 01/31/2026		177,847
	1,536,069	Charter Communications Operating LLC 1 mo. USD LIBOR + 2.000%, 4.53%, 04/30/2025		1,469,066
	218,900	CSC Holdings LLC 1 mo. USD LIBOR + 2.500%, 4.96%, 01/25/2026		209,505
	190,000	Gray Television, Inc. 1 mo. ICE LIBOR + 2.500%, 0.00%, 11/02/2025⁽¹⁰⁾		183,215


Shares or Principal Amount			Market Value^†
SENIOR FLOATING RATE INTERESTS - 2.3%⁽⁹⁾ - (continued)
		Media - 0.2% - (continued)
$	124,677	Houghton Mifflin Harcourt Publishers, Inc. 1 mo. USD LIBOR + 3.000%, 5.52%, 05/31/2021	$	112,677
	268,157	MTN Infrastructure TopCo, Inc. 1 mo. USD LIBOR + 3.000%, 5.52%, 11/15/2024		254,883
	697,628	Numericable Group S.A. 3 mo. USD LIBOR + 3.688%, 6.14%, 01/31/2026		646,004
	492,034	PSAV Holdings LLC 3 mo. USD LIBOR + 3.250%, 5.89%, 03/01/2025		464,972
	159,201	Shutterfly, Inc. 1 mo. USD LIBOR + 2.750%, 5.28%, 08/17/2024		153,729
	220,000	Telenet Financing USD LLC 1 mo. USD LIBOR + 2.250%, 4.71%, 08/15/2026		208,850
	440,000	Unitymedia Finance LLC 1 mo. USD LIBOR + 2.250%, 4.71%, 09/30/2025		424,160
	437,278	UPC Financing Partnership 1 mo. USD LIBOR + 2.500%, 4.96%, 01/15/2026		415,087

				4,719,995

		Metal Fabricate/Hardware - 0.0%
	298,561	Rexnord LLC 1 mo. USD LIBOR + 2.000%, 4.52%, 08/21/2024		288,858

		Miscellaneous Manufacturing - 0.0%
EUR	195,139	CTC AcquiCo GmbH EURIBOR + 2.750%, 2.75%, 03/07/2025		218,582
$	146,177	H.B. Fuller Co. 1 mo. USD LIBOR + 2.000%, 4.47%, 10/20/2024		137,187
	528,313	USI, Inc. 3 mo. USD LIBOR + 3.000%, 5.80%, 05/16/2024		497,274

				853,043

		Oil & Gas - 0.1%
	90,000	Ascent Resources - Marcellus LLC 1 mo. USD LIBOR + 6.500%, 8.89%, 03/30/2023		89,888
	115,000	BCP Raptor II LLC 2 mo. USD LIBOR + 4.750%, 7.14%, 11/03/2025		106,231
	156,353	BCP Raptor LLC 2 mo. USD LIBOR + 4.250%, 6.87%, 06/24/2024		145,604
	455,000	California Resources Corp. 1 mo. USD LIBOR + 10.375%, 12.90%, 12/31/2021		444,762
	764,040	Fieldwood Energy LLC 1 mo. USD LIBOR + 5.250%, 7.77%, 04/11/2022		711,993
	214,463	Grizzly Acquisitions, Inc. 1 mo. USD LIBOR + 3.250%, 5.65%, 10/01/2025		209,101
	636,969	PES Holdings LLC 3 mo. USD LIBOR + 3.500%, 6.30%, 12/31/2022		538,239
	120,000	Traverse Midstream Partners LLC 3 mo. USD LIBOR + 4.000%, 6.60%, 09/27/2024		114,900

				2,360,718

		Packaging & Containers - 0.1%
	1,032,489	Berry Global, Inc. 3 mo. USD LIBOR + 1.750%, 4.14%, 02/08/2020		1,013,027
	88,713	Crown Americas LLC 1 Week USD LIBOR + 2.000%, 4.48%, 04/03/2025		88,131
	403,850	Flex Acquisition Co., Inc. 3 mo. USD LIBOR + 3.000%, 5.35%, 12/29/2023		379,954
	200,900	Proampac PG Borrower LLC 1 mo. USD LIBOR + 2.50%, 6.05%, 11/18/2023		191,357
	543,689	Reynolds Group Holdings, Inc. 1 mo. USD LIBOR + 2.750%, 5.27%, 02/05/2023		516,505

				2,188,974

		Pharmaceuticals - 0.1%
	807,700	Endo Luxembourg Finance Co. S.a r.l. 1 mo. USD LIBOR + 4.250%, 6.81%, 04/29/2024		763,277

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


		125

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
SENIOR FLOATING RATE INTERESTS - 2.3%⁽⁹⁾ - (continued)
		Pharmaceuticals - 0.1% - (continued)
$	498,670	Valeant Pharmaceuticals International, Inc. 1 mo. USD LIBOR + 3.000%, 5.38%, 06/02/2025	$	475,262

				1,238,539

		Real Estate - 0.0%
	286,364	VICI Properties LLC 1 mo. USD LIBOR + 2.000%, 4.50%, 12/20/2024		272,807

		Retail - 0.2%
	303,066	Albertsons LLC 3 mo. USD LIBOR + 3.000%, 5.82%, 12/21/2022		290,394
	981,960	American Builders & Contractors Supply Co., Inc. 1 mo. USD LIBOR + 2.000%, 4.52%, 10/31/2023		932,165
	661,625	Bass Pro Group LLC 1 mo. USD LIBOR + 5.000%, 7.52%, 09/25/2024		631,521
	392,352	Coty, Inc. 1 mo. USD LIBOR + 2.250%, 4.63%, 04/07/2025		361,454
	491,406	Harbor Freight Tools USA, Inc. 1 mo. USD LIBOR + 2.500%, 5.02%, 08/18/2023		462,384
	395,795	Neiman Marcus Group Ltd. LLC 1 mo. USD LIBOR + 3.250%, 5.63%, 10/25/2020		333,335
	134,325	Rodan & Fields LLC 1 mo. USD LIBOR + 4.000%, 6.46%, 06/06/2025		123,075
	387,090	Staples, Inc. 3 mo. USD LIBOR + 4.000%, 6.54%, 09/12/2024		370,317
	500,830	U.S. Foods, Inc. 1 mo. USD LIBOR + 2.000%, 4.52%, 06/27/2023		479,545

				3,984,190

		Semiconductors - 0.0%
	189,910	Microchip Technology, Inc. 1 mo. USD LIBOR + 2.000%, 4.53%, 05/29/2025		179,623

		Software - 0.3%
	516,201	Almonde, Inc. 3 mo. USD LIBOR + 3.500%, 6.30%, 06/13/2024		479,700
	721,875	Change Healthcare Holdings LLC 1 mo. USD LIBOR + 2.750%, 5.27%, 03/01/2024		683,074
	343,960	Epicor Software Corp. 1 mo. USD LIBOR + 3.250%, 5.78%, 06/01/2022		328,052
	1,604,646	First Data Corp. 1 mo. USD LIBOR + 2.000%, 4.50%, 04/26/2024		1,529,227
	812,653	Hyland Software, Inc. 1 mo. USD LIBOR + 3.500%, 6.02%, 07/01/2024		785,835
	724,056	Infor U.S., Inc. 1 mo. USD LIBOR + 2.750%, 5.27%, 02/01/2022		692,719
	140,000	Quest Software U.S. Holdings, Inc. 3 mo. USD LIBOR + 4.250%, 6.78%, 05/16/2025		135,100
	149,609	SkillSoft Corp. 3 mo. USD LIBOR + 4.750%, 7.27%, 04/28/2021		120,560
		SS&C Technologies, Inc.
	329,170	1 mo. USD LIBOR + 2.250%, 0.00%, 04/16/2025⁽¹⁰⁾		310,039
	180,465	1 mo. USD LIBOR + 2.250%, 4.77%, 04/16/2025		169,895
	100,000	Web.com Group, Inc. 3 mo. USD LIBOR + 3.750%, 6.17%, 10/10/2025		96,000
	1,343,642	WEX, Inc. 1 mo. USD LIBOR + 2.250%, 4.77%, 06/30/2023		1,289,413

				6,619,614

		Telecommunications - 0.1%
	300,000	Level 3 Financing, Inc. 1 mo. USD LIBOR + 2.250%, 4.75%, 02/22/2024		284,250
	1,002,150	Sprint Communications, Inc. 1 mo. USD LIBOR + 2.500%, 5.06%, 02/02/2024		951,211


Shares or Principal Amount			Market Value^†
SENIOR FLOATING RATE INTERESTS - 2.3%⁽⁹⁾ - (continued)
		Telecommunications - 0.1% - (continued)
$	660,518	Univision Communications, Inc. 1 mo. USD LIBOR + 2.750%, 5.27%, 03/15/2024	$	596,395
	159,600	Zacapa LLC 1 mo. USD LIBOR + 5.000%, 7.80%, 07/02/2025		157,074
	361,056	Zayo Group LLC 1 mo. USD LIBOR + 2.250%, 4.77%, 01/19/2024		344,938

				2,333,868

		Transportation - 0.0%
	264,063	Savage Enterprises LLC 1 mo. USD LIBOR + 4.500%, 6.88%, 08/01/2025		259,771


		Total Senior Floating Rate Interests (cost $51,857,774)	$	49,053,513



U.S. GOVERNMENT AGENCIES - 59.8%
		Mortgage-Backed Agencies - 46.3%
		FHLMC
$	136,431	0.00%, 11/15/2036⁽¹²⁾	$	124,811
	54,063,824	0.15%, 10/25/2020⁽³⁾⁽⁵⁾		145,383
	21,079,152	0.61%, 03/25/2027⁽³⁾⁽⁵⁾		886,334
	2,351,643	1.75%, 10/15/2042		2,228,508
	902,214	2.50%, 05/15/2028⁽⁵⁾		68,950
	2,803,262	3.00%, 03/15/2028⁽⁵⁾		210,923
	2,579,136	3.00%, 08/01/2029		2,582,164
	1,251,622	3.00%, 05/15/2032⁽⁵⁾		86,129
	926,135	3.00%, 03/15/2033⁽⁵⁾		111,004
	16,879,311	3.00%, 04/01/2033		16,822,787
	6,094,614	3.00%, 11/01/2036		6,010,674
	3,873,553	3.00%, 01/01/2037		3,820,207
	4,225,000	3.00%, 08/15/2043		4,094,073
	1,329,037	3.00%, 05/15/2046		1,314,243
	9,496,840	3.00%, 11/01/2046		9,271,656
	1,738,245	3.00%, 12/01/2046		1,698,595
	4,859,894	3.00%, 02/15/2048		4,873,171
	1,274,756	3.25%, 11/15/2041		1,271,913
	1,439,015	3.50%, 06/15/2026⁽⁵⁾		87,398
	503,193	3.50%, 09/15/2026⁽⁵⁾		43,760
	869,952	3.50%, 03/15/2027⁽⁵⁾		72,914
	5,166,824	3.50%, 08/01/2034		5,258,378
	3,278,446	3.50%, 03/15/2041⁽⁵⁾		390,035
	1,427,209	3.50%, 06/01/2046		1,431,168
	6,250,723	3.50%, 10/01/2047		6,249,670
	62,328,009	3.50%, 03/01/2048		62,321,260
	445,375	3.50%, 08/01/2048		445,270
	4,227,772	4.00%, 08/01/2025		4,336,449
	1,921,872	4.00%, 12/15/2026⁽⁵⁾		156,915
	3,294,448	4.00%, 07/15/2027⁽⁵⁾		292,207
	1,438,241	4.00%, 03/15/2028⁽⁵⁾		127,226
	777,810	4.00%, 06/15/2028⁽⁵⁾		70,745
	1,960,743	4.00%, 07/15/2030⁽⁵⁾		207,040
	4,108,478	4.00%, 05/01/2042		4,227,296
	1,211,621	4.00%, 08/01/2042		1,246,684
	1,695,847	4.00%, 09/01/2042		1,741,867
	469,138	4.00%, 07/01/2044		482,135
	306,532	4.00%, 06/01/2045		313,349
	1,671,217	4.00%, 02/01/2046		1,706,134
	680,509	4.00%, 09/01/2048		693,922
	23,330,000	4.00%, 01/01/2049⁽¹³⁾		23,783,386
	2,194,000	4.05%, 09/25/2028⁽³⁾		2,313,926
	830,672	4.50%, 09/01/2044		860,950
	2,574,304	4.75%, 07/15/2039		2,759,984
	98,745	5.00%, 03/01/2028		103,394
	391,040	5.00%, 03/01/2031		410,512
	631,834	5.00%, 05/01/2031		665,202

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


		126

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
U.S. GOVERNMENT AGENCIES - 59.8% - (continued)
		Mortgage-Backed Agencies - 46.3% - (continued)
$	799,025	5.00%, 09/01/2031	$	836,910
	764,696	5.00%, 11/01/2031		802,174
	232,305	5.00%, 07/01/2032		243,434
	1,206,963	5.00%, 09/15/2033⁽⁵⁾		228,239
	17,198	5.00%, 12/01/2034		18,008
	18,184	5.00%, 11/01/2035		19,302
	35,798	5.00%, 03/01/2039		37,877
	399,154	5.00%, 08/01/2039		422,761
	15,665	5.00%, 09/01/2039		16,589
	15,702	5.00%, 12/01/2039		16,706
	17,983	5.00%, 04/01/2041		19,048
	40,606	5.00%, 04/01/2044		42,970
	23,371	5.00%, 05/01/2044		24,535
	48,813	5.50%, 03/01/2028		51,544
	91,040	5.50%, 04/01/2033		98,114
	988,221	5.50%, 05/01/2034		1,065,973
	1,410	5.50%, 11/01/2035		1,520
	20,437	5.50%, 05/01/2037		22,040
	51,240	5.50%, 11/01/2037		55,263
	91,468	5.50%, 02/01/2038		97,975
	38,759	5.50%, 04/01/2038		41,488
	46,733	5.50%, 06/01/2038		49,925
	5,231,955	5.50%, 08/01/2038		5,642,980
	523,634	5.50%, 09/01/2038		559,107
	10,380	5.50%, 12/01/2039		11,099
	134,742	5.50%, 02/01/2040		144,084
	440,848	5.50%, 05/01/2040		472,236
	442,116	5.50%, 08/01/2040		472,795
	1,891,081	5.50%, 06/01/2041		2,027,357
	1,472	6.00%, 07/01/2029		1,584
	236,135	6.00%, 10/01/2032		257,923
	255,225	6.00%, 11/01/2032		275,107
	293,109	6.00%, 12/01/2032		320,001
	20,634	6.00%, 11/01/2033		22,539
	34,172	6.00%, 01/01/2034		37,320
	22,264	6.00%, 02/01/2034		24,319
	248,091	6.00%, 08/01/2034		270,998
	259,065	6.00%, 09/01/2034		282,935
	266,439	6.00%, 01/01/2035		286,727
	1,908,745	6.00%, 11/01/2037		2,084,315
	106	6.50%, 07/01/2031		115
	334	6.50%, 08/01/2032		363
	926,865	6.50%, 07/15/2036		1,025,161
	176,706	6.50%, 12/01/2037		194,586
	109	7.50%, 09/01/2029		115
	1,102	7.50%, 11/01/2031		1,200

				197,048,062

		FNMA
$	147,589	0.00%, 03/25/2036⁽¹²⁾	$	121,761
	1,222,116	0.00%, 06/25/2036⁽¹²⁾		1,041,372
	3,690,960	1.34%, 08/25/2044⁽³⁾⁽⁵⁾		185,923
	3,962,340	1.54%, 05/25/2046⁽³⁾⁽⁵⁾		185,658
	3,795,545	1.56%, 04/25/2055⁽³⁾⁽⁵⁾		186,827
	2,826,046	1.65%, 06/25/2055⁽³⁾⁽⁵⁾		151,332
	2,575,418	1.75%, 12/25/2042		2,453,972
	2,005,374	2.00%, 09/25/2039		1,880,865
	1,263,314	2.00%, 08/25/2043		1,181,211
	938,920	2.50%, 06/25/2028⁽⁵⁾		69,270
	241,502	2.50%, 01/01/2043		228,665
	4,789,076	2.50%, 02/01/2043		4,542,521
	1,894,234	2.50%, 03/01/2043		1,796,714
	3,865,871	2.50%, 05/01/2043		3,666,832
	2,666,068	2.50%, 06/01/2043		2,527,010
	1,793,645	2.50%, 04/01/2045		1,694,036
	6,600,000	2.98%, 12/01/2029		6,307,194


Shares or Principal Amount			Market Value^†
U.S. GOVERNMENT AGENCIES - 59.8% - (continued)
		FNMA - (continued)
$	2,196,485	3.00%, 02/25/2027⁽⁵⁾	$	156,331
	852,384	3.00%, 09/25/2027⁽⁵⁾		72,108
	5,865,198	3.00%, 01/25/2028⁽⁵⁾		473,731
	3,860,577	3.00%, 03/01/2037		3,819,035
	1,973,940	3.00%, 05/25/2047		1,956,712
	6,886,437	3.00%, 09/25/2047		6,866,961
	6,117,682	3.00%, 06/25/2048		5,998,556
	4,752,885	3.00%, 10/25/2048		4,664,532
	4,000,000	3.02%, 12/01/2029		3,836,141
	2,975,000	3.09%, 02/25/2030⁽³⁾		2,854,289
	4,349,000	3.13%, 01/01/2030		4,215,046
	4,000,000	3.18%, 12/01/2029		3,875,300
	3,790,000	3.22%, 01/01/2030		3,700,829
	481,028	3.24%, 12/01/2026		486,945
	290,000	3.29%, 06/01/2029		286,598
	955,609	3.50%, 05/25/2027⁽⁵⁾		92,320
	1,464,419	3.50%, 10/25/2027⁽⁵⁾		136,113
	1,624,702	3.50%, 05/25/2030⁽⁵⁾		188,683
	489,656	3.50%, 08/25/2030⁽⁵⁾		48,189
	1,075,642	3.50%, 02/25/2031⁽⁵⁾		91,443
	956,859	3.50%, 09/25/2035⁽⁵⁾		142,191
	2,019,399	3.50%, 10/01/2044		2,028,906
	2,354,388	3.50%, 02/01/2045		2,363,291
	4,444,365	3.50%, 09/01/2046		4,455,891
	2,144,823	3.50%, 10/01/2046		2,150,386
	848,974	3.50%, 10/25/2046⁽⁵⁾		195,360
	1,528,373	3.50%, 11/01/2046		1,533,521
	1,473,296	3.50%, 09/01/2047		1,474,126
	5,748,172	3.50%, 11/25/2047		5,847,673
	1,087,081	3.50%, 12/01/2047		1,087,795
	6,408,040	3.50%, 01/01/2048		6,407,836
	1,218,103	3.50%, 02/01/2048		1,220,343
	1,589,576	3.50%, 02/25/2048		1,608,337
	3,711,529	3.50%, 04/25/2048		3,835,441
	231,659,000	3.50%, 01/01/2049⁽¹³⁾		231,618,279
	9,636,856	3.50%, 09/01/2057		9,592,669
	6,197,389	3.50%, 12/25/2058		6,207,494
	2,900,000	3.66%, 07/01/2030		2,933,093
	2,895,795	3.71%, 09/01/2028		2,973,089
	1,951,030	3.74%, 06/01/2026		2,024,332
	670,970	3.89%, 05/01/2030		694,762
	289,380	3.96%, 05/01/2034		299,339
	2,045,264	4.00%, 06/01/2025		2,095,631
	615,042	4.00%, 10/01/2025		629,840
	425,029	4.00%, 04/25/2032⁽⁵⁾		60,006
	4,291,542	4.00%, 10/01/2040		4,412,648
	1,975,414	4.00%, 11/01/2040		2,031,224
	1,437,623	4.00%, 12/01/2040		1,478,239
	693,883	4.00%, 02/01/2041		713,921
	1,628,996	4.00%, 03/01/2041		1,675,027
	699,336	4.00%, 03/25/2042⁽⁵⁾		105,280
	730,797	4.00%, 08/01/2042		751,445
	1,403,847	4.00%, 09/01/2042		1,443,508
	399,367	4.00%, 11/25/2042⁽⁵⁾		60,454
	311,252	4.00%, 03/01/2045		317,815
	1,299,886	4.00%, 07/01/2045		1,335,108
	686,091	4.00%, 05/01/2046		699,884
	1,648,285	4.00%, 06/01/2046		1,681,687
	1,508,761	4.00%, 04/01/2047		1,547,149
	4,399,629	4.00%, 09/01/2048		4,485,823
	198,445,000	4.00%, 01/01/2049⁽¹³⁾		202,289,872
	539,227	4.50%, 04/01/2025		555,103
	747,191	4.50%, 07/25/2027⁽⁵⁾		73,554
	1,135,121	4.50%, 09/01/2035		1,181,392
	4,248,987	4.50%, 08/01/2040		4,450,529

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


		127

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
U.S. GOVERNMENT AGENCIES - 59.8% - (continued)
		FNMA - (continued)
$	3,892,703	4.50%, 10/01/2040	$	4,077,341
	1,683,431	4.50%, 10/01/2041		1,763,193
	1,573,551	4.50%, 09/01/2043		1,648,100
	5,898,025	4.50%, 01/01/2051		6,128,021
	50,215	5.00%, 01/01/2020		51,090
	621,300	5.00%, 06/01/2022		635,484
	250,741	5.00%, 06/01/2025		256,532
	572,851	5.00%, 04/25/2038		602,537
	3,128,984	5.00%, 06/01/2047		3,279,389
	20,500,000	5.00%, 01/01/2049⁽¹³⁾		21,472,149
	394,235	5.47%, 05/25/2042⁽³⁾⁽⁵⁾		43,259
	7,775	5.50%, 08/01/2019		7,779
	18,110	5.50%, 09/01/2019		18,137
	3,588	5.50%, 10/01/2019		3,589
	2,279	5.50%, 01/01/2020		2,286
	340	5.50%, 03/01/2020		342
	136,172	5.50%, 05/01/2020		136,920
	138,724	5.50%, 06/01/2022		142,144
	238,599	5.50%, 06/01/2033		257,117
	184,559	5.50%, 08/01/2033		197,021
	1,161,165	5.50%, 09/01/2033		1,250,527
	1,098,462	5.50%, 12/01/2033		1,184,866
	844,945	5.50%, 01/01/2034		910,013
	4,123,146	5.50%, 11/01/2035		4,438,857
	1,218,373	5.50%, 04/01/2036		1,311,776
	955,464	5.50%, 09/01/2036		1,028,100
	88,094	5.50%, 01/01/2037		94,239
	660,676	5.50%, 04/25/2037		723,795
	2,625,249	5.50%, 06/25/2042⁽⁵⁾		580,220
	2,062	6.00%, 03/01/2022		2,070
	419,204	6.00%, 12/01/2032		453,833
	363,880	6.00%, 01/01/2033		395,921
	74,913	6.00%, 02/01/2033		80,383
	541,768	6.00%, 03/01/2033		588,341
	1,129,246	6.00%, 02/01/2037		1,230,991
	2,693,442	6.00%, 01/25/2042⁽⁵⁾		485,928
	1,808,880	6.00%, 09/25/2047⁽⁵⁾		428,479
	1,286	6.50%, 05/01/2031		1,408
	1,078	6.50%, 09/01/2031		1,192
	1,596	6.50%, 07/01/2032		1,809
	1,371	7.00%, 07/01/2029		1,552
	91	7.00%, 12/01/2030		93
	665	7.00%, 02/01/2032		689
	237	7.00%, 03/01/2032		273
	1,889	7.00%, 09/01/2032		1,977
	1,741	7.50%, 10/01/2022		1,842
	1,661	7.50%, 06/01/2027		1,857
	2,136	7.50%, 10/01/2029		2,167
	14,016	7.50%, 03/01/2030		15,370
	8,257	7.50%, 04/01/2030		8,654
	1,081	7.50%, 06/01/2030		1,216
	1,957	7.50%, 07/01/2030		2,187
	465	7.50%, 08/01/2030		518
	5,538	7.50%, 10/01/2030		5,575
	7,586	7.50%, 01/01/2031		7,697
	25,083	7.50%, 05/01/2031		28,520
	7,231	7.50%, 06/01/2031		7,395
	1,685	7.50%, 08/01/2031		1,863
	38,390	7.50%, 09/01/2031		39,611
	273	7.50%, 05/01/2032		315

				652,854,867

		GNMA
$	459,990	1.75%, 09/20/2043	$	441,786
	2,005,001	2.00%, 01/20/2042		1,914,122
	1,964,992	2.50%, 12/16/2039		1,929,647


Shares or Principal Amount			Market Value^†
U.S. GOVERNMENT AGENCIES - 59.8% - (continued)
		GNMA - (continued)
$	2,907,409	2.50%, 07/20/2041	$	2,837,273
	1,061,165	3.00%, 09/20/2028⁽⁵⁾		88,826
	631,821	3.00%, 02/16/2043⁽⁵⁾		98,657
	6,673,520	3.00%, 03/15/2045		6,583,671
	369,486	3.00%, 04/15/2045		364,207
	4,568,733	3.00%, 07/15/2045		4,503,460
	109,562	3.00%, 08/15/2045		107,997
	465,244	3.00%, 03/20/2047⁽¹⁴⁾		414,414
	1,290,013	3.00%, 07/16/2047		1,223,608
	451,584	3.50%, 02/16/2027⁽⁵⁾		39,418
	1,111,526	3.50%, 03/20/2027⁽⁵⁾		105,988
	999,572	3.50%, 07/20/2040⁽⁵⁾		104,502
	1,462,522	3.50%, 02/20/2041⁽⁵⁾		164,373
	2,515,658	3.50%, 04/20/2042⁽⁵⁾		294,196
	3,744,924	3.50%, 10/20/2042⁽⁵⁾		676,154
	393,430	3.50%, 11/15/2042		398,834
	12,200	3.50%, 12/15/2042		12,345
	281,724	3.50%, 02/15/2043		285,073
	14,436	3.50%, 03/15/2043		14,608
	1,895,617	3.50%, 04/15/2043		1,918,166
	4,783,772	3.50%, 05/15/2043		4,837,380
	275,091	3.50%, 05/20/2043⁽⁵⁾		46,456
	2,182,326	3.50%, 07/20/2043⁽⁵⁾		324,794
	2,358,000	3.50%, 01/20/2046		2,339,949
	2,422,885	3.50%, 08/20/2047		2,438,976
	334,222	4.00%, 12/16/2026⁽⁵⁾		30,046
	4,582,777	4.00%, 05/20/2029⁽⁵⁾		449,832
	5,308,488	4.00%, 07/20/2040		5,482,660
	6,270,858	4.00%, 09/20/2040		6,485,417
	9,440,412	4.00%, 10/20/2040		9,749,626
	1,487,117	4.00%, 12/20/2040		1,532,990
	485,183	4.00%, 05/16/2042⁽⁵⁾		72,769
	707,247	4.00%, 03/20/2043⁽⁵⁾		149,802
	319,336	4.00%, 01/20/2044⁽⁵⁾		72,113
	3,050,063	4.00%, 01/16/2046⁽⁵⁾		565,113
	2,517,017	4.00%, 03/20/2047⁽⁵⁾		444,177
	3,887,174	4.00%, 07/20/2047⁽⁵⁾		680,604
	1,173,862	4.00%, 11/20/2047		1,208,277
	5,221,302	4.00%, 03/20/2048		5,360,972
	274,793	4.50%, 11/15/2039		287,048
	2,039,856	4.50%, 05/15/2040		2,132,200
	6,245,654	4.50%, 05/20/2040		6,553,623
	400,550	4.50%, 07/15/2041		418,257
	1,200,064	4.50%, 04/20/2045⁽⁵⁾		289,031
	579,124	4.50%, 01/20/2046		607,279
	9,195,943	4.50%, 08/20/2048		9,522,358
	8,595,696	4.50%, 09/20/2048		8,900,743
	3,007,067	5.00%, 02/16/2040⁽⁵⁾		707,044
	673,896	5.00%, 05/20/2040		717,247
	1,641,619	5.00%, 06/15/2041		1,739,908
	2,042,661	5.00%, 10/16/2041⁽⁵⁾		312,188
	2,536,790	5.00%, 03/15/2044		2,688,359
	724,490	5.00%, 01/16/2047⁽⁵⁾		159,482
	545,157	5.50%, 03/15/2033		597,375
	730,223	5.50%, 04/15/2033		803,352
	880,574	5.50%, 05/15/2033		969,876
	1,183,885	5.50%, 10/20/2034		1,264,607
	2,520,392	5.50%, 03/20/2039⁽⁵⁾		563,347
	2,218,359	5.50%, 02/16/2047⁽⁵⁾		498,493
	1,323,179	5.50%, 02/20/2047⁽⁵⁾		289,056
	1,580	6.00%, 12/15/2023		1,695
	1,072	6.00%, 01/15/2029		1,150
	1,302	6.00%, 04/15/2029		1,415
	45,805	6.00%, 12/15/2031		49,151
	946	6.00%, 10/15/2032		1,035

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


		128

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
U.S. GOVERNMENT AGENCIES - 59.8% - (continued)
		GNMA - (continued)
$	24,691	6.00%, 06/15/2033	$	26,865
	2,052	6.00%, 03/15/2034		2,202
	57,753	6.00%, 08/15/2034		62,858
	78,928	6.00%, 09/15/2034		85,345
	43,805	6.00%, 02/15/2035		47,669
	289,204	6.00%, 12/15/2035		311,633
	25,709	6.00%, 02/15/2036		27,582
	188,439	6.00%, 03/15/2036		204,465
	31,747	6.00%, 04/15/2036		34,060
	120,862	6.00%, 05/15/2036		131,537
	256,791	6.00%, 06/15/2036		279,028
	66,726	6.00%, 07/15/2036		71,647
	19,589	6.00%, 08/15/2036		21,018
	175,518	6.00%, 02/15/2037		190,686
	631	6.00%, 05/15/2037		686
	393,799	6.00%, 06/15/2037		427,850
	283,962	6.00%, 07/15/2037		304,647
	83,527	6.00%, 08/15/2037		90,844
	97,830	6.00%, 10/15/2037		104,956
	70,414	6.00%, 11/15/2037		75,543
	99,010	6.00%, 12/15/2037		109,273
	173,606	6.00%, 01/15/2038		187,993
	13,448	6.00%, 02/15/2038		14,428
	29,581	6.00%, 05/15/2038		31,735
	9,247	6.00%, 06/15/2038		9,924
	37,687	6.00%, 08/15/2038		40,494
	96,489	6.00%, 09/15/2038		103,551
	131,053	6.00%, 10/15/2038		140,785
	262,840	6.00%, 11/15/2038		281,986
	100,547	6.00%, 12/15/2038		107,871
	1,656	6.00%, 01/15/2039		1,777
	36,162	6.00%, 08/15/2039		38,796
	73,241	6.00%, 11/15/2039		78,589
	13,945	6.00%, 02/15/2040		14,961
	877,111	6.00%, 06/15/2040		941,003
	166,937	6.00%, 07/15/2040		179,097
	1,967,523	6.00%, 09/20/2040⁽⁵⁾		469,104
	922,281	6.00%, 06/15/2041		992,181
	1,936,055	6.00%, 02/20/2046⁽⁵⁾		445,581
	23,138	6.50%, 06/15/2028		24,918
	493	6.50%, 07/15/2028		531
	2,032	6.50%, 08/15/2028		2,189
	15,831	6.50%, 09/15/2028		17,049
	1,446	6.50%, 10/15/2028		1,558
	3,042	6.50%, 11/15/2028		3,276
	4,925	6.50%, 12/15/2028		5,304
	6,730	6.50%, 01/15/2029		7,248
	23,289	6.50%, 02/15/2029		25,079
	191,992	6.50%, 03/15/2029		206,762
	33,788	6.50%, 04/15/2029		36,387
	22,642	6.50%, 05/15/2029		24,384
	168,670	6.50%, 06/15/2029		181,646
	7,385	6.50%, 07/15/2029		7,953
	222	6.50%, 03/15/2031		239
	210,544	6.50%, 04/15/2031		226,740
	48,875	6.50%, 05/15/2031		54,437
	8,280	6.50%, 06/15/2031		9,176
	183,291	6.50%, 07/15/2031		198,149
	98,284	6.50%, 08/15/2031		105,845
	130,969	6.50%, 09/15/2031		141,254
	150,989	6.50%, 10/15/2031		162,605
	296,970	6.50%, 11/15/2031		320,424
	66,727	6.50%, 12/15/2031		71,861
	278,679	6.50%, 01/15/2032		301,946
	58,487	6.50%, 02/15/2032		66,076


Shares or Principal Amount			Market Value^†
U.S. GOVERNMENT AGENCIES - 59.8% - (continued)
		GNMA - (continued)
$	43,829	6.50%, 03/15/2032	$	47,201
	222,035	6.50%, 04/15/2032		245,137
	716	6.50%, 05/15/2032		771
	36,432	6.50%, 06/15/2032		39,235
	5,651	7.00%, 06/20/2030		6,107
	667	7.00%, 02/15/2031		721
	190	7.00%, 06/15/2031		199
	179	7.00%, 08/15/2031		199
	645	8.50%, 11/15/2024		646

				116,102,099

				966,005,028

		U.S. Government Agencies - 13.5%
		FHLMC
$	7,730,000	3.00%, 01/01/2034⁽¹³⁾	$	7,702,645
	21,977,000	3.00%, 01/01/2049⁽¹³⁾		21,415,732
	3,200,000	3.50%, 01/01/2034⁽¹³⁾		3,240,438
	11,020,000	4.50%, 01/01/2049⁽¹³⁾		11,406,715
	6,250,000	5.00%, 01/01/2049⁽¹³⁾		6,545,272

				50,310,802

		FNMA
$	17,800,000	3.00%, 01/01/2034⁽¹³⁾	$	17,755,848
	26,696,000	3.00%, 01/01/2049⁽¹³⁾		26,020,704
	41,550,000	3.50%, 01/01/2034⁽¹³⁾		42,049,087
	22,185,000	4.50%, 01/01/2049⁽¹³⁾		22,972,307

				108,797,946

		GNMA
$	31,140,000	3.00%, 01/01/2049⁽¹³⁾	$	30,664,993
	52,331,000	3.50%, 01/01/2049⁽¹³⁾		52,653,980
	7,741,000	4.00%, 01/01/2049⁽¹³⁾		7,926,058
	25,165,000	4.50%, 01/01/2049⁽¹³⁾		26,039,386
	4,400,000	5.00%, 01/01/2049⁽¹³⁾		4,570,672

				121,855,089

				280,963,837


		Total U.S. Government Agencies (cost $1,241,093,334)	$	1,246,968,865



U.S. GOVERNMENT SECURITIES - 8.4%
		U.S. Treasury Securities - 8.4%
		U.S. Treasury Bonds - 1.7%
$	5,119,000	2.50%, 02/15/2046⁽¹⁵⁾	$	4,621,497
	13,709,000	2.88%, 11/15/2046^(15)(16)		13,329,325
	1,095,000	3.00%, 05/15/2045⁽¹⁵⁾		1,092,904
	6,430,000	3.00%, 02/15/2048^(15)(17)		6,395,589
	8,990,000	3.13%, 08/15/2044^(15)(17)		9,177,175

				34,616,490

		U.S. Treasury Notes - 6.7%
	66,784,773	0.38%, 07/15/2027^(16)(18)		63,355,966
	13,662,223	0.75%, 07/15/2028⁽¹⁸⁾		13,372,435
	4,420,000	1.88%, 11/30/2021⁽¹⁵⁾		4,347,484
	58,815,000	2.88%, 05/31/2025⁽¹⁵⁾		59,828,180

				140,904,065

				175,520,555


		Total U.S. Government Securities (cost $178,599,222)	$	175,520,555



COMMON STOCKS - 0.0%
		Energy - 0.0%
	64,657	Ascent Resources - Marcellus LLC Class A^(19)(20)		203,670
	30,559	Philadelphia Energy Solutions Class A		168,074

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


		129

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 0.0% - (continued)
		Energy - 0.0% - (continued)
	14,557	Templar Energy LLC Class A*	$	3,639

				375,383


		Total Common Stocks (cost $593,434)	$	375,383



PREFERRED STOCKS - 0.1%
		Banks - 0.1%
	2,242	U.S. Bancorp Series A, 3.50%, 01/31/2019⁽²⁾⁽⁷⁾	$	1,670,290


		Total Preferred Stocks (cost $1,591,820)	$	1,670,290



WARRANTS - 0.0%
		Energy - 0.0%
	16,740	Ascent Resources - Marcellus LLC Expires 3/30/2023*^(19)(20)		1,339


		Total Warrants (cost $1,339)	$	1,339



ESCROWS - 0.0%⁽²¹⁾
		Energy-Alternate Sources - 0.0%
	800,000	TCEH Corp.*^(19)(20)		1


		Total Escrows (cost $ - )	$	1


		Total Long-Term Investments (cost $2,876,327,759)	$	2,837,788,642



SHORT-TERM INVESTMENTS - 0.7%
		Other Investment Pools & Funds - 0.4%
	9,656,892	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽²²⁾	$	9,656,892

		Securities Lending Collateral - 0.3%
	277,266	Citibank NA DDCA, 2.39%, 1/2/2019⁽²²⁾		277,266
	3,663,980	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽²²⁾		3,663,980
	262,810	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.30%⁽²²⁾		262,810
	191,643	Invesco Government & Agency Portfolio, Institutional Class, 2.30%⁽²²⁾		191,643
	1,066,808	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽²²⁾		1,066,808
	82,813	Western Asset Institutional Government Reserves Fund, Institutional Class, 2.28%⁽²²⁾		82,813

				5,545,320


		Total Short-Term Investments (cost $15,202,212)	$	15,202,212



Total Investments Excluding Purchased Options (cost $2,891,529,971)	136.7	%	$	2,852,990,854


Total Purchased Options (cost $6,640,962)	0.3	%	$	5,142,116


Total Investments (cost $2,898,170,933)	137.0	%	$	2,858,132,970
Other Assets and Liabilities	(37.0	)%		(771,711,409	)

Total Net Assets	100.0	%	$	2,086,421,561

Note:

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

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

*	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, 2018, the aggregate value of these securities was $740,360,177, representing 35.5% of net assets.

⁽²⁾	Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2018.

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

⁽⁸⁾

⁽⁹⁾

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

⁽¹¹⁾	This security, or a portion of this security, has unfunded loan commitments. As of December 31, 2018, the aggregate value of the unfunded commitment was $25,542, which rounds to zero percent of total net assets.

⁽¹²⁾	Securities disclosed are principal-only strips.

⁽¹³⁾	Represents or includes a TBA transaction.

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


		130

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018

⁽¹⁴⁾	These securities pay no principal or interest during their initial accrual period, but accrue additional principal at a specified coupon rate.

⁽¹⁵⁾	This security, or a portion of this security, has been pledged as collateral in connection with OTC swap contracts.

⁽¹⁶⁾	This security, or a portion of this security, has been pledged as collateral in connection with centrally cleared swap contracts.

⁽¹⁷⁾	This security, or a portion of this security, has been pledged as collateral in connection with futures contracts.

⁽¹⁸⁾	The principal amount for these securities are adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

⁽¹⁹⁾	Investment valued using significant unobservable inputs.

⁽²⁰⁾

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, 2018, the aggregate fair value of these securities was $6,577,390, 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.

⁽²¹⁾	Share amount represents shares of the issuer previously held that resulted in receipt of the escrow.

⁽²²⁾	Current yield as of period end.


OTC Swaption Contracts Outstanding at December 31, 2018
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 05/06/57^*	BOA	2.45%		Pay		08/02/27		USD	5,070,000		5,070,000	$	540,462	$	436,020	$	104,442
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		361,600		374,080		(12,480	)
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 08/04/57^*	BCLY	2.45%		Receive		08/02/27		USD	7,000,000		7,000,000		746,200		1,009,321		(263,121	)

Total Calls											15,270,000	$	1,648,262	$	1,819,421	$	(171,159	)

Puts
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 02/28/19^*	BCLY	2.45%		Pay		08/02/27		USD	7,000,000		7,000,000	$	1,350,300	$	1,378,379	$	(28,079	)
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 05/06/57^*	BOA	2.45%		Receive		08/02/27		USD	5,070,000		5,070,000		978,003		1,161,030		(183,027	)
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 06/03/29^*	BOA	3.20%		Receive		05/30/19		USD	37,670,000		37,670,000	$	108,565	$	245,690	$	(137,125	)
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 06/03/29^*	DEUT	3.20%		Receive		05/30/19		USD	58,000,000		58,000,000		167,156		864,200		(697,044	)
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		371,200		374,080		(2,880	)
3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 12/11/29^*	BOA	3.20%		Receive		12/09/19		USD	58,260,000		58,260,000		518,630		798,162		(279,532	)

Total Puts											169,200,000	$	3,493,854	$	4,821,541	$	(1,327,687	)

Total purchased swaption contracts											184,470,000	$	5,142,116	$	6,640,962	$	(1,498,846	)

*	Swaptions with forward premiums.


OTC Swaption Contracts Outstanding at December 31, 2018
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)
Written swaption contracts:
Calls
CDX.NA.IG.31	GSC	77.50		Receive	01/16/19		USD (159,348,000	)		(159,348,000	)	$	(36,347	)	$	(195,201	)	$	158,854
Written swaption contracts:
Puts
CDX.NA.IG.31	GSC	77.50		Receive	01/16/19		USD (159,348,000	)		(159,348,000	)	$	(840,570	)	$	(470,077	)	$	(370,493	)

Total written swaption contracts										(318,696,000	)	$	(876,917	)	$	(665,278	)	$	(211,639	)

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


		131

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Exchange-Traded Options Contracts Outstanding at December 31, 2018
Description	Exercise Price/ FX Rate/ Rate		Expiration Date	Number of Contracts			Notional Amount				Market Value^†			Premiums Paid (Received) by Fund			Unrealized Appreciation/ (Depreciation)
Written option contracts:
Calls
U.S. Treasury 10-Year Future Option		119.50 USD	01/25/19		(10	)		USD	(10,000	)	$	(25,469	)	$	(8,273	)	$	(17,196	)
Puts
U.S. Treasury 10-Year Future Option		119.50 USD	01/25/19		(10	)		USD	(10,000	)	$	(313	)	$	(4,211	)	$	3,898

Total written option contracts									(20,000	)	$	(25,782	)	$	(12,484	)	$	(13,298	)


Futures Contracts Outstanding at December 31, 2018
Description	Number of Contracts		Expiration Date		Current Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Long position contracts:
90-Day Euro Future		850		12/16/2019	$	206,868,750	$	542,270
U.S. Treasury 5-Year Note Future		1,362		03/29/2019		156,204,375		2,125,938
U.S. Treasury Long Bond Future		14		03/20/2019		2,044,000		95,409
U.S. Treasury Ultra Bond Future		894		03/20/2019		143,626,687		7,653,454

Total							$	10,417,071

Short position contracts:
90-Day Euro Future		850		12/14/2020	$	207,251,250	$	(691,830	)
U.S. Treasury 2-Year Note Future		666		03/29/2019		141,400,125		(936,536	)
U.S. Treasury 10-Year Note Future		265		03/20/2019		32,334,140		(414,578	)
U.S. Treasury 10-Year Ultra Future		557		03/20/2019		72,453,516	$	(2,263,832	)

Total							$	(4,306,776	)

Total futures contracts							$	6,110,295


TBA Sale Commitments Outstanding at December 31, 2018
Description	Principal Amount		Maturity Date		Market Value^†			Unrealized Appreciation/ (Depreciation)
FHLMC, 3.00%	$	17,800,000		01/01/2034	$	(17,737,010	)	$	(135,869	)
FHLMC, 3.50%		25,196,000		01/01/2049		(25,181,500	)		(266,750	)
FHLMC, 5.50%		5,100,000		01/01/2049		(5,385,874	)		3,391
FNMA, 2.50%		33,300,000		01/01/2034		(32,520,182	)		(257,408	)
FNMA, 3.00%		28,198,000		01/01/2034		(28,128,056	)		(172,382	)
FNMA, 3.00%		55,128,000		01/01/2049		(53,733,494	)		(662,240	)
FNMA, 4.00%		3,200,000		01/01/2034		(3,275,500	)		(18,000	)
FNMA, 4.50%		18,555,000		01/01/2049		(19,213,485	)		(104,734	)
FNMA, 5.50%		13,400,000		01/01/2049		(14,178,875	)		27,219
FNMA, 6.00%		3,300,000		01/01/2049		(3,543,932	)		4,083
GNMA, 4.50%		21,500,000		01/01/2049		(22,247,041	)		(51,651	)

Total (proceeds receivable $223,510,608)					$	(225,144,949	)	$	(1,634,341	)

At December 31, 2018, the aggregate market value of TBA Sale Commitments represents (10.8)% of total net assets.


OTC Credit Default Swap Contracts Outstanding at December 31, 2018
Reference Entity	Counterparty		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		1,445,193	(0.09%)		08/25/37		Monthly	$	304,605	$	—	$	35,999	$	(268,606	)
ABX.HE.AAA.07	CSI	USD		3,512,980	(0.09%)		08/25/37		Monthly		851,367		—		71,492		(779,875	)

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


		132

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


OTC Credit Default Swap Contracts Outstanding at December 31, 2018 – (continued)
Reference Entity	Counterparty			Notional Amount^(a)		(Pay)/ Receive Fixed Rate		Expiration Date		Periodic Payment Frequency		Upfront Premiums Paid		Upfront Premiums Received			Market Value^†			Unrealized Appreciation/ (Depreciation)
ABX.HE.PENAAA.06		MSC	USD		718,509		(0.11%)		05/25/46		Monthly	$	77,650	$	—		$	38,539		$	(39,111	)
ABX.HE.PENAAA.06		JPM	USD		1,640,298		(0.11%)		05/25/46		Monthly		176,848		—			88,855			(87,993	)
ABX.HE.PENAAA.06		GSC	USD		673,288		(0.11%)		05/25/46		Monthly		166,237		—			36,114			(130,123	)

Total												$	1,576,707	$	—		$	270,999		$	(1,305,708	)

Sell protection:
ABX.HE.AAA.07		MSC	USD		1,445,192		0.09%		08/25/37		Monthly	$	13,663	$	—		$	(38,005	)	$	(51,668	)
ABX.HE.AAA.07		MSC	USD		3,512,978		0.09%		08/25/37		Monthly		33,412		—			(92,383	)		(125,795	)
ABX.HE.PENAAA.06		BCLY	USD		3,032,099		0.11%		05/25/46		Monthly		—		(79,203	)		(163,975	)		(84,772	)
CMBX.NA.BB.6		MSC	USD		1,065,000		5.00%		05/11/63		Monthly		—		(188,601	)		(298,363	)		(109,762	)
CMBX.NA.BB.6		CSI	USD		965,000		5.00%		05/11/63		Monthly		—		(137,967	)		(270,616	)		(132,649	)
CMBX.NA.BB.6		CSI	USD		1,825,000		5.00%		05/11/63		Monthly		—		(356,591	)		(511,785	)		(155,194	)
CMBX.NA.BB.6		CSI	USD		3,270,000		5.00%		05/11/63		Monthly		—		(662,014	)		(917,008	)		(254,994	)
CMBX.NA.BB.6		CSI	USD		2,671,000		5.00%		05/11/63		Monthly		—		(472,979	)		(748,288	)		(275,309	)
CMBX.NA.BB.6		CSI	USD		2,795,000		5.00%		05/11/63		Monthly		—		(494,937	)		(783,027	)		(288,090	)
CMBX.NA.BB.6		CSI	USD		2,795,000		5.00%		05/11/63		Monthly		—		(494,937	)		(783,027	)		(288,090	)
CMBX.NA.BB.6		CSI	USD		2,800,000		5.00%		05/11/63		Monthly		—		(495,822	)		(784,427	)		(288,605	)
CMBX.NA.BB.6		GSC	USD		2,855,000		5.00%		05/11/63		Monthly		—		(300,599	)		(799,837	)		(499,238	)
CMBX.NA.BB.8		MSC	USD		5,083,000		5.00%		10/17/57		Monthly		—		(1,362,760	)		(1,089,245	)		273,515
CMBX.NA.BB.8		CSI	USD		2,507,000		5.00%		10/17/57		Monthly		—		(672,086	)		(537,230	)		134,856
CMBX.NA.BB.8		GSC	USD		3,445,000		5.00%		10/17/57		Monthly		—		(826,935	)		(739,192	)		87,743
CMBX.NA.BB.8		DEUT	USD		1,455,000		5.00%		10/17/57		Monthly		—		(350,807	)		(312,198	)		38,609
CMBX.NA.BB.8		GSC	USD		240,000		5.00%		10/17/57		Monthly		—		(26,682	)		(51,430	)		(24,748	)
CMBX.NA.BBB-.6		MSC	USD		465,000		3.00%		05/11/63		Monthly		—		(39,432	)		(74,714	)		(35,282	)
CMBX.NA.BBB-.6		DEUT	USD		485,000		3.00%		05/11/63		Monthly		—		(71,578	)		(77,927	)		(6,349	)
CMBX.NA.BBB-.6		CSI	USD		920,000		3.00%		05/11/63		Monthly		—		(126,742	)		(147,975	)		(21,233	)
CMBX.NA.BBB-.6		MSC	USD		4,245,000		3.00%		05/11/63		Monthly		—		(619,935	)		(682,069	)		(62,134	)
CMBX.NA.BBB-.6		GSC	USD		2,725,000		3.00%		05/11/63		Monthly		—		(298,760	)		(438,069	)		(139,309	)
Fed Republic of Brazil		DEUT	USD		2,900,000		1.00%		12/20/23		Quarterly		—		(119,878	)		(135,453	)		(15,575	)
Republic of Turkey		MSC	USD		1,565,000		1.00%		12/20/23		Quarterly		—		(191,970	)		(170,947	)		21,023
Republic of Turkey		GSC	USD		1,565,000		1.00%		12/20/23		Quarterly		—		(190,802	)		(170,947	)		19,855

Total												$	47,075	$	(8,582,017	)	$	(10,818,137	)	$	(2,283,195	)

Total traded indices												$	1,623,782	$	(8,582,017	)	$	(10,547,138	)	$	(3,588,903	)

Total OTC contracts												$	1,623,782	$	(8,582,017	)	$	(10,547,138	)	$	(3,588,903	)

^(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, 2018
Reference Entity	Notional Amount ^(a)		(Pay)/Receive Fixed Rate			Expiration Date		Periodic Payment Frequency		Cost Basis			Value^†			Unrealized Appreciation/ (Depreciation)
Credit default swaps on indices:
Buy protection:
CDX.EM.30	USD	34,520,000		(1.00	%)		12/20/23		Quarterly	$	(1,636,821	)	$	(1,595,440	)	$	41,381
CDX.NA.HY.31	USD	19,595,000		(5.00	%)		12/20/23		Quarterly		721,371			406,610			(314,761	)
ITRAXX.EUR.30	EUR	22,730,000		(1.00	%)		12/20/23		Quarterly		416,649			164,268			(252,381	)

Total										$	(498,801	)	$	(1,024,562	)	$	(525,761	)

Credit default swaps on indices:
Sell protection:
CDX.NA.IG.S.31	USD	27,700,000		1.00	%		12/20/23		Quarterly	$	288,740		$	161,873		$	(126,867	)

Total										$	(210,061	)	$	(862,689	)	$	(652,628	)

^(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.

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


		133

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Centrally Cleared Interest Rate Swap Contracts Outstanding at December 31, 2018
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	1.62% Fixed	USD	13,700,000		11/14/26	Annual	$	—	$	—		$	736,446		$	736,446
3 Mo. USD LIBOR	2.79% Fixed	USD	28,405,000		09/30/25	Semi-Annual		—		—			(312,508	)		(312,508	)
3 Mo. USD LIBOR	2.83% Fixed	USD	16,422,000		12/21/28	Semi-Annual		—		—			(184,401	)		(184,401	)
3 Mo. USD LIBOR	2.88% Fixed	USD	1,350,000		12/31/48	Semi-Annual		—		—			(13,173	)		(13,173	)
3 Mo. USD LIBOR	2.00% Fixed	USD	17,550,000		03/21/23	Semi-Annual		89,961		—			303,118			213,157
3 Mo. USD LIBOR	3.00% Fixed	USD	15,511,000		04/30/25	Semi-Annual		78,631		—			(446,644	)		(525,275	)
3 Mo. USD LIBOR	3.00% Fixed	USD	13,187,000		06/18/28	Semi-Annual		—		—			(353,670	)		(353,670	)
3 Mo. USD LIBOR	2.25% Fixed	USD	103,083,000		06/20/28	Semi-Annual		5,304,218		—			3,897,308			(1,406,910	)
3 Mo. USD LIBOR	2.75% Fixed	USD	22,395,000		12/20/47	Semi-Annual		—		(485,534	)		411,677			897,211

Total							$	5,472,810	$	(485,534	)	$	4,038,153		$	(949,123	)


Foreign Currency Contracts Outstanding at December 31, 2018
Amount and Description of Currency to be Purchased		Amount and Description of Currency to be Sold			Counterparty		Settlement Date		Appreciation		Depreciation
60,490,000	EGP		3,172,831	USD		MSC		04/22/19	$	85,898	$	—
13,909,188	USD		12,074,000	EUR		BOA		01/31/19		38,460		—
231,071	USD		201,000	EUR		SSG		01/31/19		161		—
4,702,467	USD		4,114,000	EUR		BOA		03/20/19		—		(43,270	)

Total									$	124,519	$	(43,270	)

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


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Counterparty Abbreviations:
BCLY		Barclays
BOA		Banc of America Securities LLC
CITI		Citigroup Global Markets, Inc.
CSI		Credit Suisse International
DEUT		Deutsche Bank Securities, Inc.
GSC		Goldman Sachs & Co.
JPM		JP Morgan Chase & Co.
MSC		Morgan Stanley
SSG		State Street Global Markets LLC

Currency Abbreviations:
ARS		Argentine Peso
EGP		Egyptian Pound
EUR		Euro
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


Index Abbreviations: – (continued)
CDX.NA.IG		Credit Derivatives North American Investment Grade
CMBX.NA		Markit Commercial Mortgage Backed North American
CMT		Constant Maturity Treasury Index
ICE		Intercontinental Exchange, Inc.
ITRAXX.EUR		Markit iTraxx - Europe
MTA		Monthly Treasury Average Index

Other Abbreviations:
CLO		Collateralized Loan Obligation
CMO		Collateralized Mortgage Obligation
DDCA		Dollars on Deposit in Custody Account
EURIBOR		Euro Interbank Offered Rate
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
GNMA		Government National Mortgage Association
LIBOR		London Interbank Offered Rate
OTC		Over-the-Counter
TBA		To Be Announced

Municipal Abbreviations:
Auth		Authority
GO		General Obligation

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


		134

Hartford Total Return Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total			Level 1			Level 2			Level 3⁽¹⁾
Assets
Asset & Commercial Mortgage Backed Securities	$	728,044,096		$	—		$	728,044,096		$	—
Corporate Bonds		597,262,112			—			590,889,732			6,372,380
Foreign Government Obligations		20,159,689			—			20,159,689			—
Municipal Bonds		18,732,799			—			18,732,799			—
Senior Floating Rate Interests		49,053,513			—			49,053,513			—
U.S. Government Agencies		1,246,968,865			—			1,246,968,865			—
U.S. Government Securities		175,520,555			—			175,520,555			—
Common Stocks
Energy		375,383			—			171,713			203,670
Preferred Stocks		1,670,290			1,670,290			—			—
Warrants		1,339			—			—			1,339
Escrows		1			—			—			1
Short-Term Investments		15,202,212			15,202,212			—			—
Purchased Options		5,142,116			—			5,142,116			—
Foreign Currency Contracts⁽²⁾		124,519			—			124,519			—
Futures Contracts⁽²⁾		10,417,071			10,417,071			—			—
Swaps - Credit Default⁽²⁾		616,982			—			616,982			—
Swaps - Interest Rate⁽²⁾		1,846,814			—			1,846,814			—

Total	$	2,871,138,356		$	27,289,573		$	2,837,271,393		$	6,577,390

Liabilities
Foreign Currency Contracts⁽²⁾	$	(43,270	)	$	—		$	(43,270	)	$	—
Futures Contracts⁽²⁾		(4,306,776	)		(4,306,776	)		—			—
Swaps - Credit Default⁽²⁾		(4,858,513	)		—			(4,858,513	)		—
Swaps - Interest Rate⁽²⁾		(2,795,937	)		—			(2,795,937	)		—
TBA Sale Commitments		(225,144,949	)		—			(225,144,949	)		—
Written Options		(902,699	)		(25,782	)		(876,917	)		—

Total	$	(238,052,144	)	$	(4,332,558	)	$	(233,719,586	)	$	—

⁽¹⁾	For the year ended December 31, 2018, 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.


		135

Hartford Ultrashort Bond HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 31.6%
		Asset-Backed - Automobile - 21.2%
		Ally Auto Receivables Trust
$	318,571	1.53%, 03/16/2020	$	318,294
	1,310,000	2.72%, 05/17/2021		1,307,893
		American Credit Acceptance Receivables Trust
	283,887	2.72%, 03/10/2021⁽¹⁾		283,631
	823,578	2.92%, 08/12/2021⁽¹⁾		822,209
	1,297,675	2.94%, 01/10/2022⁽¹⁾		1,295,174
		AmeriCredit Automobile Receivables Trust
	204,951	1.46%, 05/10/2021		204,097
	100,107	1.65%, 09/18/2020		99,998
	225,299	1.69%, 12/18/2020		224,524
	941,249	2.71%, 07/19/2021		939,608
	1,535,000	2.86%, 11/18/2021		1,531,992
	1,600,000	3.11%, 01/18/2022		1,601,333
		ARI Fleet Lease Trust
	808,461	1.91%, 04/15/2026⁽¹⁾		802,623
	680,830	2.54%, 10/15/2019⁽¹⁾		680,154
	572,000	2.55%, 10/15/2026⁽¹⁾		569,287
	565,000	BMW Floorplan Master Owner Trust 1 mo. USD LIBOR + 0.320%, 2.78%, 05/15/2023⁽¹⁾⁽²⁾		564,999
	2,500,000	BMW Vehicle Lease Trust 2.97%, 12/21/2020		2,497,505
		Canadian Pacer Auto Receivables Trust
	320,000	2.05%, 03/19/2021⁽¹⁾		317,744
	990,248	2.70%, 08/19/2020⁽¹⁾		989,038
	1,050,000	3.00%, 06/21/2021⁽¹⁾		1,050,568
		Capital Auto Receivables Asset Trust
	335,000	2.02%, 08/20/2021⁽¹⁾		332,062
	1,795,000	3.02%, 02/22/2021⁽¹⁾		1,793,986
		CarMax Auto Owner Trust
	1,545,452	1.40%, 08/15/2021		1,527,506
	834,925	1.56%, 11/16/2020		831,850
	1,440,211	2.23%, 05/17/2021		1,434,999
	2,190,000	2.88%, 10/15/2021		2,185,600
	2,345,000	3.11%, 02/15/2022		2,347,332
	980,000	Chesapeake Funding II LLC 3.39%, 01/15/2031⁽¹⁾		979,814
		Chesapeake Funding LLC
	889,578	1.91%, 08/15/2029⁽¹⁾		878,106
	1,235,164	2.12%, 11/15/2029⁽¹⁾		1,221,779
	1,500,000	1 mo. USD LIBOR + 0.370%, 2.83%, 08/15/2030⁽¹⁾⁽²⁾		1,496,040
	469,901	1 mo. USD LIBOR + 0.450%, 2.91%, 05/15/2029⁽¹⁾⁽²⁾		470,723
	902,362	3.04%, 04/15/2030⁽¹⁾		901,735
	381,130	1 mo. USD LIBOR + 1.150%, 3.61%, 03/15/2028⁽¹⁾⁽²⁾		381,846
		CPS Auto Receivables Trust
	32,716	1.78%, 09/15/2020⁽¹⁾		32,667
	191,593	1.87%, 03/15/2021⁽¹⁾		190,964
	271,840	2.16%, 05/17/2021⁽¹⁾		270,694
	1,230,765	3.06%, 01/18/2022⁽¹⁾		1,229,568
	814,566	CPS Auto Trust 2.87%, 09/15/2021⁽¹⁾		813,959
		Drive Auto Receivables Trust
	344,469	2.75%, 10/15/2020		344,258
	560,000	3.01%, 11/15/2021		559,268
	725,000	3.04%, 11/15/2021		723,825
	2,500,000	3.34%, 10/15/2022		2,509,252
		DT Auto Owner Trust
	475,647	2.84%, 09/15/2021⁽¹⁾		474,273
	1,919,146	3.02%, 02/15/2022⁽¹⁾		1,913,438
		Enterprise Fleet Financing LLC
	781,256	1.74%, 02/22/2022⁽¹⁾		778,348
	574,263	1.97%, 01/20/2023⁽¹⁾		569,820
	804,996	2.13%, 05/22/2023⁽¹⁾		797,875
	1,465,000	3.14%, 02/20/2024⁽¹⁾		1,463,890
	540,000	3.38%, 05/20/2024⁽¹⁾		541,652


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 31.6% - (continued)
		Asset-Backed - Automobile - 21.2% - (continued)
		Exeter Automobile Receivables Trust
$	220,619	2.21%, 05/17/2021⁽¹⁾	$	220,260
	1,002,640	2.90%, 01/18/2022⁽¹⁾		1,001,299
	1,253,016	3.05%, 12/15/2021⁽¹⁾		1,250,650
	17,900	Fifth Third Auto Trust 1.42%, 03/16/2020		17,889
		First Investors Auto Owner Trust
	69,881	1.69%, 04/15/2021⁽¹⁾		69,759
	138,411	1.86%, 10/15/2021⁽¹⁾		137,750
	509,643	2.84%, 05/16/2022⁽¹⁾		508,661
	1,096,663	3.23%, 12/15/2022⁽¹⁾		1,097,898
		Flagship Credit Auto Trust
	264,341	1.85%, 07/15/2021⁽¹⁾		263,106
	1,199,802	1.88%, 10/15/2021⁽¹⁾		1,192,057
	863,364	3.07%, 02/15/2023⁽¹⁾		862,973
	2,341,787	3.41%, 05/15/2023⁽¹⁾		2,344,512
		Ford Credit Auto Lease Trust
	1,410,297	2.71%, 12/15/2020		1,407,522
	1,850,000	2.93%, 04/15/2021		1,847,917
		Ford Credit Auto Owner Trust
	1,000,000	2.12%, 07/15/2026⁽¹⁾		989,769
	1,500,000	2.26%, 11/15/2025⁽¹⁾		1,495,386
		GM Financial Automobile Leasing Trust
	131,495	1.61%, 12/20/2019		131,304
	464,771	2.39%, 04/20/2020		463,484
	2,392,514	2.83%, 07/20/2020		2,389,877
	965,000	2.89%, 09/21/2020		964,063
		GM Financial Consumer Automobile
	14,681	1.51%, 03/16/2020⁽¹⁾		14,671
	17,128	1 mo. USD LIBOR + 0.120%, 2.58%, 03/16/2020⁽¹⁾⁽²⁾		17,128
		GM Financial Consumer Automobile Receivables Trust
	419,369	1.71%, 09/16/2020⁽¹⁾		418,075
	1,780,004	2.08%, 01/19/2021		1,773,039
	2,500,000	2.74%, 07/16/2021		2,495,680
	1,650,000	2.93%, 11/16/2021		1,650,510
		Honda Auto Receivables Owner Trust
	1,330,000	2.67%, 12/21/2020		1,326,710
	985,000	2.98%, 05/17/2021		984,177
		Hyundai Auto Lease Securitization Trust
	2,549,614	1.88%, 08/17/2020⁽¹⁾		2,542,508
	2,500,000	2.81%, 12/15/2020⁽¹⁾		2,495,588
		Hyundai Auto Receivables Trust
	83,050	1.48%, 02/18/2020		82,993
	472,788	2.55%, 04/15/2021		471,797
	1,200,000	2.55%, 11/15/2021		1,193,932
	121,621	Mercedes-Benz Auto Lease Trust 1.53%, 08/15/2019		121,548
		Mercedes-Benz Auto Receivables Trust
	562,820	1.26%, 02/16/2021		558,419
	1,550,000	2.71%, 04/15/2021		1,547,051
	2,600,000	Nissan Auto Lease Trust 3.03%, 02/16/2021		2,598,527
	1,960,000	OneMain Direct Auto Receivables Trust 2.31%, 12/14/2021⁽¹⁾		1,947,910
		Prestige Auto Receivables Trust
	278,116	1.80%, 11/16/2020⁽¹⁾		277,746
	1,045,000	2.97%, 12/15/2021⁽¹⁾		1,042,044
		Santander Drive Auto Receivables Trust
	257,875	1.87%, 12/15/2020		257,731
	2,075,000	2.97%, 07/15/2021		2,072,831
	755,000	3.03%, 02/15/2022		755,423
		Securitized Term Auto Receivables Trust
	168,699	1.78%, 01/27/2020⁽¹⁾		168,308
	1,500,000	2.21%, 06/25/2021⁽¹⁾		1,489,590
	2,500,000	2.81%, 12/29/2020⁽¹⁾		2,497,215
	116,522	Toyota Auto Receivables Owner Trust 1.30%, 04/15/2020		115,894

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


		136

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 31.6% - (continued)
		Asset-Backed - Automobile - 21.2% - (continued)
$	1,190,000	Volkswagen Auto Loan Enhanced Trust 2.81%, 07/20/2021	$	1,188,395
		Westlake Automobile Receivables Trust
	245,656	1.80%, 07/15/2020⁽¹⁾		245,111
	908,147	2.24%, 12/15/2020⁽¹⁾		905,630
	1,068,203	2.84%, 09/15/2021⁽¹⁾		1,066,643
		Wheels SPV LLC
	59,683	1.59%, 05/20/2025⁽¹⁾		59,521
	356,657	1.88%, 04/20/2026⁽¹⁾		353,861
	480,000	3.06%, 04/20/2027⁽¹⁾		479,983
		World Omni Auto Receivables Trust
	1,340,000	2.80%, 01/18/2022		1,337,388
	1,700,000	3.01%, 04/15/2022		1,699,381
		World Omni Automobile Lease Securitization Trust
	201,401	1.68%, 12/16/2019		200,887
	1,575,241	2.59%, 11/16/2020		1,570,920
	1,420,000	2.96%, 06/15/2021		1,417,382

				106,196,083

		Asset-Backed - Credit Card - 3.4%
	2,995,000	BA Credit Card Trust 1 mo. USD LIBOR + 0.380%, 2.84%, 06/15/2021⁽²⁾		2,995,223
		Barclays Dryrock Issuance Trust
	1,750,000	2.41%, 07/15/2022		1,742,174
	915,000	1 mo. USD LIBOR + 0.330%, 2.79%, 03/15/2023⁽²⁾		915,349
		Cabela’s Credit Card Master Note Trust
	1,785,000	1.78%, 06/15/2022		1,774,644
	3,000,000	1 mo. USD LIBOR + 0.450%, 2.91%, 07/15/2022⁽²⁾		3,001,463
	2,500,000	Capital One Multi-Asset Execution Trust 1 mo. USD LIBOR + 0.450%, 2.91%, 02/15/2022⁽²⁾		2,502,262
	1,815,000	CARDS Trust 1 mo. USD LIBOR + 0.370%, 2.83%, 04/18/2022⁽¹⁾⁽²⁾		1,814,823
	2,250,000	Chase Issuance Trust 1.27%, 07/15/2021		2,230,278

				16,976,216

		Asset-Backed - Finance & Insurance - 5.0%
		CNH Equipment Trust
	329,708	1.64%, 07/15/2020		329,376
	914,619	1.84%, 03/15/2021		910,530
	1,800,000	2.78%, 08/16/2021		1,796,455
	1,570,000	2.93%, 12/15/2021		1,567,787
	2,495,000	DLL LLC 2.81%, 11/17/2020⁽¹⁾		2,491,920
	473,517	DLL Securitization Trust 1.89%, 07/15/2020⁽¹⁾		471,841
	336,819	Engs Commercial Finance Trust 2.97%, 02/22/2021⁽¹⁾		335,852
		GMF Floorplan Owner Revolving Trust
	2,675,000	1 mo. USD LIBOR + 0.430%, 2.89%, 07/15/2022⁽¹⁾⁽²⁾		2,672,071
	1,440,000	1 mo. USD LIBOR + 0.570%, 3.03%, 01/18/2022⁽¹⁾⁽²⁾		1,444,658
	687,531	GreatAmerica Leasing Receivables Funding LLC 2.35%, 05/15/2020⁽¹⁾		685,167
	124,544	John Deere Owner Trust 1.59%, 04/15/2020		124,306
	1,310,000	Kubota Credit Owner Trust 2.80%, 02/16/2021⁽¹⁾		1,307,041
		MMAF Equipment Finance LLC
	123,129	1.73%, 05/18/2020⁽¹⁾		122,926
	1,016,743	1.93%, 10/15/2020⁽¹⁾		1,012,286
	1,354,145	2.92%, 07/12/2021⁽¹⁾		1,352,836
	221,750	Nationstar HECM Loan Trust 2.76%, 02/25/2028^(1)(3)(4)(5)		221,750
		New York City Tax Lien
	560,995	1.87%, 11/10/2030⁽¹⁾		555,134
	3,404,076	3.22%, 11/10/2031⁽¹⁾		3,409,144
		Verizon Owner Trust
	1,108,994	1.42%, 01/20/2021⁽¹⁾		1,103,566


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES - 31.6% - (continued)
		Asset-Backed - Finance & Insurance - (continued)
$	730,000	1.92%, 12/20/2021⁽¹⁾	$	722,527
	905,000	2.06%, 09/20/2021⁽¹⁾		898,251
	1,060,000	3.23%, 04/20/2023		1,066,500
	40,075	Volvo Financial Equipment LLC 1.55%, 10/15/2019⁽¹⁾		40,049
	230,000	Volvo Financial Equipment Master Owner Trust 1 mo. USD LIBOR + 0.500%, 2.96%, 11/15/2022⁽¹⁾⁽²⁾		230,487

				24,872,460

		Asset-Backed - Home Equity - 0.2%
	1,261,423	New Residential Mortgage Loan Trust 4.00%, 08/27/2057⁽¹⁾⁽³⁾		1,267,948

		Asset-Backed - Student Loan - 0.7%
	28,493	Navient Student Loan Trust 1 mo. USD LIBOR + 0.480%, 2.99%, 03/25/2066⁽¹⁾⁽²⁾		28,499
		SLM Student Loan Trust
	627,548	3 mo. USD LIBOR + 0.090%, 2.58%, 10/25/2024⁽²⁾		626,958
	701,908	3 mo. USD LIBOR + 0.120%, 2.61%, 01/25/2027⁽²⁾		698,470
	641,815	1 mo. USD LIBOR + 0.520%, 3.03%, 03/25/2026⁽²⁾		643,113
	1,278,406	1 mo. USD LIBOR + 0.600%, 3.11%, 11/25/2027⁽²⁾		1,283,565
	334,945	SoFi Professional Loan Program LLC 1 mo. USD LIBOR + 1.600%, 4.11%, 06/25/2025⁽¹⁾⁽²⁾		336,557

				3,617,162

		Commercial Mortgage - Backed Securities - 1.0%
	1,365,000	FREMF Mortgage Trust 1 mo. USD LIBOR + 0.320%, 2.82%, 02/25/2020⁽²⁾		1,363,312
	800,000	GS Mortgage Securities Corp. Trust 1 mo. USD LIBOR + 0.700%, 3.16%, 07/15/2032⁽¹⁾⁽²⁾		791,923
	500,000	JP Morgan Chase Commercial Mortgage Securities Trust 5.63%, 12/05/2027⁽¹⁾		511,843
	1,384,613	SG Residential Mortgage Trust 3.43%, 04/27/2048⁽¹⁾⁽³⁾		1,383,023
	980,533	Verus Securitization Trust 3.68%, 06/01/2058⁽¹⁾⁽³⁾		978,901

				5,029,002

		Whole Loan Collateral CMO - 0.1%
	200,122	OBX Trust 1 mo. USD LIBOR + 0.650%, 3.16%, 06/25/2057⁽¹⁾⁽²⁾		198,392
	525,368	Verus Securitization Trust 2.93%, 02/25/2048⁽¹⁾⁽³⁾		520,100

				718,492


		Total Asset & Commercial Mortgage Backed Securities (cost $159,034,375)	$	158,677,363


CORPORATE BONDS - 38.5%
		Aerospace/Defense - 0.3%
	1,500,000	United Technologies Corp. 3 mo. USD LIBOR + 0.650%, 3.28%, 08/16/2021⁽²⁾	$	1,494,363

		Agriculture - 0.4%
	1,750,000	Philip Morris International, Inc. 3 mo. USD LIBOR + 0.420%, 3.07%, 02/21/2020⁽²⁾		1,747,572

		Auto Manufacturers - 3.6%
	2,000,000	American Honda Finance Corp. 2.00%, 11/13/2019		1,984,339
		Daimler Finance North America LLC
	1,750,000	1.50%, 07/05/2019⁽¹⁾		1,732,764
	715,000	3 mo. USD LIBOR + 0.390%, 2.97%, 05/04/2020⁽¹⁾⁽²⁾		711,015

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


		137

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018 (Unaudited)


Shares or Principal Amount			Market Value^†

CORPORATE BONDS - 38.5% - (continued)
		Auto Manufacturers - 3.6% - (continued)
		Ford Motor Credit Co. LLC
$	1,500,000	2.26%, 03/28/2019	$	1,495,697
	2,500,000	3 mo. USD LIBOR + 0.830%, 3.61%, 03/12/2019⁽²⁾		2,498,190
	1,000,000	General Motors Financial Co., Inc. 3 mo. USD LIBOR + 0.850%, 3.26%, 04/09/2021⁽²⁾		977,240
	1,500,000	Harley-Davidson Financial Services, Inc. 2.25%, 01/15/2019⁽¹⁾		1,499,404
	1,250,000	Hyundai Capital America 3 mo. USD LIBOR + 0.940%, 3.35%, 07/08/2021⁽¹⁾⁽²⁾		1,246,351
	1,900,000	Nissan Motor Acceptance Corp. 3 mo. USD LIBOR + 0.390%, 3.20%, 09/28/2020⁽¹⁾⁽²⁾		1,878,857
		Toyota Motor Credit Corp.
	1,000,000	2.20%, 01/10/2020		990,938
	2,000,000	3 mo. USD LIBOR + 0.260%, 2.71%, 04/17/2020⁽²⁾		1,993,238
	1,195,000	Volkswagen Group of America Finance LLC 3.88%, 11/13/2020⁽¹⁾		1,200,830

				18,208,863

		Beverages - 1.2%
	5,000,000	Anheuser-Busch InBev Finance, Inc. 3 mo. USD LIBOR + 0.400%, 2.94%, 02/01/2019⁽²⁾		4,999,256
	1,250,000	PepsiCo, Inc. 3 mo. USD LIBOR + 0.040%, 2.60%, 05/02/2019⁽²⁾		1,249,877

				6,249,133

		Biotechnology - 0.2%
	1,205,000	Gilead Sciences, Inc. 1.85%, 09/20/2019		1,194,226

		Chemicals - 0.7%
	1,250,000	Air Liquide Finance S.A. 1.38%, 09/27/2019⁽¹⁾		1,234,824
	640,000	DowDuPont, Inc. 3.77%, 11/15/2020		646,136
	1,450,000	EI du Pont de Nemours & Co. 3 mo. USD LIBOR + 0.530%, 3.07%, 05/01/2020⁽²⁾		1,450,733

				3,331,693

		Commercial Banks - 18.0%
		ABN Amro Bank N.V.
	2,200,000	3 mo. USD LIBOR + 0.640%, 3.09%, 01/18/2019⁽¹⁾⁽²⁾		2,200,251
	1,000,000	3 mo. USD LIBOR + 0.570%, 3.26%, 08/27/2021⁽¹⁾⁽²⁾		994,270
		Bank of America Corp.
	1,500,000	3 mo. USD LIBOR + 0.650%, 3.45%, 10/01/2021⁽²⁾		1,488,976
	2,000,000	3 mo. USD LIBOR + 1.040%, 3.48%, 01/15/2019⁽²⁾		2,000,443
	1,750,000	Bank of Nova Scotia 1.65%, 06/14/2019		1,740,077
		BB&T Corp.
	2,500,000	3 mo. USD LIBOR + 0.660%, 3.20%, 02/01/2019⁽²⁾		2,500,000
	1,500,000	3 mo. USD LIBOR + 0.570%, 3.36%, 06/15/2020⁽²⁾		1,501,776
	1,750,000	Canadian Imperial Bank of Commerce 3 mo. USD LIBOR + 0.315%, 2.87%, 02/02/2021⁽²⁾		1,732,070
		Capital One Financial Corp.
	1,250,000	3 mo. USD LIBOR + 0.760%, 3.38%, 05/12/2020⁽²⁾		1,250,000
	1,500,000	3 mo. USD LIBOR + 0.950%, 3.72%, 03/09/2022⁽²⁾		1,475,762
	4,000,000	Citigroup, Inc. 3 mo. USD LIBOR + 0.770%, 3.18%, 04/08/2019⁽²⁾		4,003,406
	1,500,000	Citizens Bank NA 3 mo. USD LIBOR + 0.540%, 3.28%, 03/02/2020⁽²⁾		1,497,791
	2,070,000	Commonwealth Bank of Australia 3 mo. USD LIBOR + 0.640%, 3.23%, 11/07/2019⁽¹⁾⁽²⁾		2,074,361


Shares or Principal Amount			Market Value^†

CORPORATE BONDS - 38.5% - (continued)
		Commercial Banks - 18.0% - (continued)
$	2,500,000	Credit Agricole S.A. 3 mo. USD LIBOR + 0.970%, 3.74%, 06/10/2020⁽¹⁾⁽²⁾	$	2,512,825
		Danske Bank A/S
	1,500,000	3 mo. USD LIBOR + 0.510%, 3.25%, 03/02/2020⁽¹⁾⁽²⁾		1,496,956
	2,000,000	3 mo. USD LIBOR + 0.580%, 3.32%, 09/06/2019⁽¹⁾⁽²⁾		1,998,649
	1,500,000	Deutsche Bank AG 3 mo. USD LIBOR + 0.970%, 3.41%, 07/13/2020⁽²⁾		1,460,533
	1,500,000	DNB Bank ASA 3 mo. USD LIBOR + 0.370%, 3.17%, 10/02/2020⁽¹⁾⁽²⁾		1,490,346
		Fifth Third Bank
	500,000	2.20%, 10/30/2020		490,181
	1,000,000	3 mo. USD LIBOR + 0.250%, 2.77%, 10/30/2020⁽²⁾		992,789
	2,350,000	3 mo. USD LIBOR + 0.590%, 3.41%, 09/27/2019⁽²⁾		2,353,181
		Goldman Sachs Group, Inc.
	2,000,000	3 mo. USD LIBOR + 1.160%, 3.64%, 04/23/2020⁽²⁾		2,006,914
	3,500,000	3 mo. USD LIBOR + 1.170%, 3.79%, 11/15/2021⁽²⁾		3,491,847
		HSBC Holdings plc
	1,785,000	3 mo. USD LIBOR + 0.600%, 3.24%, 05/18/2021⁽²⁾		1,758,511
	750,000	3 mo. USD LIBOR + 0.650%, 3.43%, 09/11/2021⁽²⁾		740,084
	1,500,000	Huntington National Bank 3 mo. USD LIBOR + 0.510%, 3.28%, 03/10/2020⁽²⁾		1,499,671
	1,000,000	ING Bank N.V. 1.65%, 08/15/2019⁽¹⁾		990,515
		JP Morgan Chase & Co.
	3,000,000	3 mo. USD LIBOR + 0.630%, 3.14%, 01/28/2019⁽²⁾		3,000,475
	1,500,000	3 mo. USD LIBOR + 0.680%, 3.42%, 06/01/2021⁽²⁾		1,490,880
	1,000,000	KeyBank NA 1.60%, 08/22/2019		991,100
	1,250,000	Manufacturers & Traders Trust Co. 3 mo. USD LIBOR + 0.270%, 2.76%, 01/25/2021⁽²⁾		1,242,449
		Morgan Stanley
	3,000,000	3 mo. USD LIBOR + 0.850%, 3.34%, 01/24/2019⁽²⁾		3,000,815
	1,500,000	5.63%, 09/23/2019		1,522,198
		PNC Bank NA
	2,000,000	1.45%, 07/29/2019		1,982,808
	750,000	2.50%, 01/22/2021		740,056
		Regions Bank
	1,000,000	3 mo. USD LIBOR + 0.500%, 3.12%, 08/13/2021⁽²⁾		982,020
	1,500,000	3 mo. USD LIBOR + 0.380%, 3.18%, 04/01/2021⁽²⁾		1,471,696
	3,000,000	Royal Bank of Canada 3 mo. USD LIBOR + 0.450%, 2.86%, 01/10/2019⁽²⁾		3,000,168
		Santander UK plc
	750,000	2.13%, 11/03/2020		732,510
	1,500,000	3 mo. USD LIBOR + 0.620%, 3.36%, 06/01/2021⁽²⁾		1,483,443
		Sumitomo Mitsui Banking Corp.
	1,000,000	2.51%, 01/17/2020		992,642
	1,000,000	3 mo. USD LIBOR + 0.350%, 2.80%, 01/17/2020⁽²⁾		999,121
		SunTrust Bank
	1,000,000	3 mo. USD LIBOR + 0.298%, 2.59%, 01/29/2021⁽²⁾		990,264
	3,000,000	3 mo. USD LIBOR + 0.530%, 3.06%, 01/31/2020⁽²⁾		2,997,106

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


		138

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018 (Unaudited)


Shares or Principal Amount			Market Value^†

CORPORATE BONDS - 38.5% - (continued)
		Commercial Banks - 18.0% - (continued)
		Svenska Handelsbanken AB
$	1,250,000	3 mo. USD LIBOR + 0.360%, 3.13%, 09/08/2020⁽²⁾	$	1,249,129
	1,250,000	3 mo. USD LIBOR + 0.470%, 3.16%, 05/24/2021⁽²⁾		1,238,685
	1,665,000	3 mo. USD LIBOR + 0.490%, 3.23%, 09/06/2019⁽²⁾		1,666,122
	2,250,000	Toronto-Dominion Bank 1.45%, 08/13/2019		2,229,922
		U.S. Bank NA
	1,000,000	2.05%, 10/23/2020		982,661
	1,250,000	3 mo. USD LIBOR + 0.320%, 2.81%, 01/24/2020⁽²⁾		1,249,004
	1,775,000	3 mo. USD LIBOR + 0.290%, 2.94%, 05/21/2021⁽²⁾		1,768,516
		UBS AG
	715,000	2.45%, 12/01/2020⁽¹⁾		701,639
	800,000	3 mo. USD LIBOR + 0.580%, 3.35%, 06/08/2020⁽¹⁾⁽²⁾		799,562
		Wells Fargo Bank NA
	1,025,000	2.60%, 01/15/2021		1,012,269
	2,000,000	3 mo. USD LIBOR + 0.650%, 3.39%, 12/06/2019⁽²⁾		2,004,874

				90,264,319

		Commercial Services - 0.2%
	915,000	Equifax, Inc. 3 mo. USD LIBOR + 0.870%, 3.49%, 08/15/2021⁽²⁾		904,590

		Diversified Financial Services - 2.1%
	1,250,000	AIG Global Funding 3 mo. USD LIBOR + 0.460%, 3.28%, 06/25/2021⁽¹⁾⁽²⁾		1,240,500
	1,000,000	American Express Co. 3 mo. USD LIBOR + 0.525%, 3.17%, 05/17/2021⁽²⁾		995,499
		American Express Credit Corp.
	1,000,000	3 mo. USD LIBOR + 0.330%, 2.91%, 05/03/2019⁽²⁾		999,959
	2,500,000	3 mo. USD LIBOR + 0.550%, 3.35%, 03/18/2019⁽²⁾		2,501,407
	1,395,000	Private Export Funding Corp. 2.10%, 12/19/2019⁽¹⁾		1,385,308
	1,465,000	Protective Life Global Funding 1.72%, 04/15/2019⁽¹⁾		1,459,133
	1,700,000	Synchrony Financial 3 mo. USD LIBOR + 1.230%, 3.81%, 02/03/2020⁽²⁾		1,698,714

				10,280,520

		Electric - 0.7%
	1,250,000	American Electric Power Co., Inc. 2.15%, 11/13/2020		1,225,068
	1,000,000	Duke Energy Florida LLC 2.10%, 12/15/2019		991,909
	1,500,000	NextEra Energy Capital Holdings, Inc. 3.34%, 09/01/2020		1,502,976

				3,719,953

		Electronics - 0.6%
		Honeywell International, Inc.
	1,000,000	1.80%, 10/30/2019		990,201
	2,000,000	3 mo. USD LIBOR + 0.280%, 2.80%, 10/30/2019⁽²⁾		1,999,695

				2,989,896

		Food - 0.8%
	1,250,000	Conagra Brands, Inc. 3 mo. USD LIBOR + 0.750%, 3.22%, 10/22/2020⁽²⁾		1,246,488
	1,500,000	JM Smucker Co. 2.20%, 12/06/2019		1,486,802
	1,500,000	Kraft Heinz Foods Co. 3 mo. USD LIBOR + 0.570%, 3.19%, 02/10/2021⁽²⁾		1,487,542

				4,220,832


Shares or Principal Amount			Market Value^†

CORPORATE BONDS - 38.5% - (continued)
		Healthcare - Services - 1.1%
$	2,000,000	Cigna Corp. 3.20%, 09/17/2020⁽¹⁾	$	1,991,780
	2,500,000	Roche Holdings, Inc. 3 mo. USD LIBOR + 0.340%, 3.14%, 09/30/2019⁽¹⁾⁽²⁾		2,501,364
	1,000,000	UnitedHealth Group, Inc. 1.95%, 10/15/2020		982,547

				5,475,691

		Insurance - 1.7%
	440,000	Allstate Corp. 3 mo. USD LIBOR + 0.430%, 3.23%, 03/29/2021⁽²⁾		435,229
		MassMutual Global Funding II
	1,500,000	1.55%, 10/11/2019⁽¹⁾		1,481,501
	704,000	1.95%, 09/22/2020⁽¹⁾		689,949
		Metropolitan Life Global Funding I
	795,000	2.40%, 01/08/2021⁽¹⁾		782,894
	2,000,000	USD SOFR + 0.570%, 3.03%, 09/07/2020⁽¹⁾⁽²⁾		1,986,841
	2,000,000	New York Life Global Funding 3 mo. USD LIBOR + 0.270%, 2.68%, 04/09/2020⁽¹⁾⁽²⁾		1,995,242
	1,000,000	Protective Life Global Funding 3 mo. USD LIBOR + 0.520%, 3.33%, 06/28/2021⁽¹⁾⁽²⁾		992,110

				8,363,766

		Iron/Steel - 0.3%
	1,500,000	Glencore Funding LLC 2.50%, 01/15/2019⁽¹⁾		1,499,370

		IT Services - 1.2%
	1,425,000	Apple, Inc. 3 mo. USD LIBOR + 0.070%, 2.69%, 05/11/2020⁽²⁾		1,421,638
		Hewlett Packard Enterprise Co.
	2,000,000	2.10%, 10/04/2019⁽¹⁾		1,977,464
	1,000,000	3 mo. USD LIBOR + 0.720%, 3.06%, 10/05/2021⁽²⁾		991,298
	1,500,000	IBM Credit LLC 3.45%, 11/30/2020		1,507,755

				5,898,155

		Machinery - Construction & Mining - 0.5%
		Caterpillar Financial Services Corp.
	1,000,000	2.00%, 11/29/2019		992,804
	1,750,000	3 mo. USD LIBOR + 0.280%, 3.10%, 03/22/2019⁽²⁾		1,750,073

				2,742,877

		Machinery - Diversified - 0.6%
		John Deere Capital Corp.
	2,000,000	3 mo. USD LIBOR + 0.300%, 3.08%, 03/13/2020⁽²⁾		1,997,588
	1,125,000	3 mo. USD LIBOR + 0.290%, 3.11%, 06/22/2020⁽²⁾		1,125,345

				3,122,933

		Media - 1.0%
	2,500,000	Comcast Corp. 3.30%, 10/01/2020		2,509,562
	1,125,000	NBCUniversal Enterprise, Inc. 3 mo. USD LIBOR + 0.400%, 3.20%, 04/01/2021⁽¹⁾⁽²⁾		1,113,989
	1,315,000	Walt Disney Co. 0.88%, 07/12/2019		1,300,628

				4,924,179

		Miscellaneous Manufacturing - 0.6%
		Siemens Financieringsmaatschappij N.V.
	1,700,000	3 mo. USD LIBOR + 0.320%, 3.10%, 09/13/2019⁽¹⁾⁽²⁾		1,700,413
	1,500,000	3 mo. USD LIBOR + 0.340%, 3.13%, 03/16/2020⁽¹⁾⁽²⁾		1,499,628

				3,200,041

		Oil & Gas - 0.5%
	980,000	BP Capital Markets plc 1.77%, 09/19/2019		971,262
	1,660,000	Phillips 66 3 mo. USD LIBOR + 0.750%, 3.19%, 04/15/2020⁽¹⁾⁽²⁾		1,660,286

				2,631,548

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


		139

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018 (Unaudited)


Shares or Principal Amount			Market Value^†

CORPORATE BONDS - 38.5% - (continued)
		Oil & Gas Services - 0.2%
$	1,250,000	Schlumberger Finance Canada Ltd. 2.20%, 11/20/2020⁽¹⁾	$	1,221,541

		Pharmaceuticals - 0.8%
		Bayer U.S. Finance LLC
	900,000	2.13%, 07/15/2019⁽¹⁾		892,936
	1,500,000	3 mo. USD LIBOR + 0.630%, 3.45%, 06/25/2021⁽¹⁾⁽²⁾		1,480,019
	700,000	CVS Health Corp. 3 mo. USD LIBOR + 0.720%, 3.49%, 03/09/2021⁽²⁾		694,357
	795,000	Takeda Pharmaceutical Co., Ltd. 3.80%, 11/26/2020⁽¹⁾		799,796

				3,867,108

		Retail - 0.9%
	2,000,000	Alimentation Couche-Tard, Inc. 2.35%, 12/13/2019⁽¹⁾		1,981,344
	1,100,000	Dollar Tree, Inc. 3 mo. USD LIBOR + 0.700%, 3.15%, 04/17/2020⁽²⁾		1,092,984
	1,500,000	Home Depot, Inc. 3 mo. USD LIBOR + 0.150%, 2.90%, 06/05/2020⁽²⁾		1,494,573

				4,568,901

		Trucking & Leasing - 0.3%
	1,375,000	Aviation Capital Group LLC 3 mo. USD LIBOR + 0.670%, 3.19%, 07/30/2021⁽¹⁾⁽²⁾		1,364,283


		Total Corporate Bonds (cost $194,336,087)	$	193,486,353


MUNICIPAL BONDS - 0.3%
		Transportation - 0.3%
	1,490,000	New York & New Jersey PA 2.29%, 09/15/2019	$	1,485,306


		Total Municipal Bonds (cost $1,490,000)	$	1,485,306


U.S. GOVERNMENT AGENCIES - 4.6%
		Mortgage-Backed Agencies - 4.6%
		FHLB - 4.0%
	5,100,000	1.25%, 01/16/2019	$	5,097,440
	15,000,000	1.38%, 05/28/2019		14,926,860

				20,024,300

		FHLMC - 0.6%
	3,006,996	3.00%, 05/15/2037	$	3,011,423

				3,011,423

				23,035,723

		Total U.S. Government Agencies (cost $23,091,886)	$	23,035,723


U.S. GOVERNMENT SECURITIES - 18.9%
		U.S. Treasury Securities - 18.9%
		U.S. Treasury Notes - 18.9%
	7,500,000	0.88%, 04/15/2019⁽⁶⁾	$	7,467,043
	11,250,000	1.00%, 03/15/2019		11,218,439
	5,000,000	1.00%, 11/15/2019		4,929,688
	15,000,000	1.13%, 01/31/2019		14,985,652
	10,000,000	1.25%, 06/30/2019		9,937,500
	6,250,000	1.38%, 04/30/2020		6,153,809
	6,000,000	1.50%, 05/31/2019		5,975,625
	10,000,000	1.50%, 05/15/2020		9,857,812
	10,000,000	1.63%, 06/30/2020		9,864,844


Shares or Principal Amount			Market Value^†

U.S. GOVERNMENT SECURITIES - 18.9% - (continued)
		U.S. Treasury Securities - 18.9% - (continued)
		U.S. Treasury Notes - 18.9% - (continued)
$	7,500,000	1.88%, 12/31/2019	$	7,445,508
	7,000,000	2.38%, 04/30/2020		6,981,406

				94,817,326

				94,817,326


		Total U.S. Government Securities (cost $94,796,359)	$	94,817,326


		Total Long-Term Investments (cost $472,748,707)	$	471,502,071


SHORT-TERM INVESTMENTS - 7.4%
		Commercial Paper - 0.4%
	2,000,000	Bank of Montreal 3 mo. USD LIBOR + 0.260%, 2.84%, 11/04/2019⁽²⁾⁽⁷⁾	$	2,000,816

		Other Investment Pools & Funds - 0.6%
	2,757,978	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽⁸⁾		2,757,978

		Securities Lending Collateral - 1.5%
	381,563	Citibank NA DDCA, 2.39%, 1/2/2019⁽⁸⁾		381,563
	5,042,238	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽⁸⁾		5,042,238
	361,670	Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 2.30%⁽⁸⁾		361,670
	263,732	Invesco Government & Agency Portfolio, Institutional Class, 2.30%⁽⁸⁾		263,732
	1,468,102	Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 2.50%⁽⁸⁾		1,468,102
	113,965	Western Asset Institutional Government Reserves Fund, Institutional Class, 2.28%⁽⁸⁾		113,965

				7,631,270

		U.S. Treasury Bills - 4.9%
	15,000,000	2.43%, 08/15/2019⁽⁷⁾	$	14,764,102
	10,000,000	2.55%, 09/12/2019⁽⁷⁾		9,823,339

				24,587,441


		Total Short-Term Investments (cost $36,990,495)	$	36,977,505



Total Investments (cost $509,739,202)	101.3	%	$	508,479,576
Other Assets and Liabilities	(1.3	)%		(6,460,468	)

Total Net Assets	100.0	%	$	502,019,108

Note:

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

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

⁽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, 2018, the aggregate value of these securities was $137,734,903, representing 27.4% of net assets.

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


		140

Hartford Ultrashort Bond HLS Fund

Schedule of Investments – (continued)

December 31, 2018 (Unaudited)

⁽²⁾	Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2018.

⁽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⁾

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, 2018, the aggregate fair value of this security was $221,750, 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.

⁽⁵⁾	Investment valued using significant unobservable inputs.

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

⁽⁷⁾	The rate shown represents current yield to maturity.

⁽⁸⁾	Current yield as of period end.

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


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Other Abbreviations:
CMO		Collateralized Mortgage Obligation
DDCA		Dollars on Deposit in Custody Account
FHLB		Federal Home Loan Bank
FHLMC		Federal Home Loan Mortgage Corp.
LIBOR		London Interbank Offered Rate

Municipal Abbreviations:
PA		Port Authority

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3 ⁽¹⁾
Assets
Asset & Commercial Mortgage Backed Securities	$	158,677,363	$	—	$	158,455,613	$	221,750
Corporate Bonds		193,486,353		—		193,486,353		—
Municipal Bonds		1,485,306		—		1,485,306		—
U.S. Government Agencies		23,035,723		—		23,035,723		—
U.S. Government Securities		94,817,326		—		94,817,326		—
Short-Term Investments		36,977,505		10,389,248		26,588,257		—

Total	$	508,479,576	$	10,389,248	$	497,868,578	$	221,750

⁽¹⁾	For the year ended December 31, 2018, there were no transfers in and out of Level 3.

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


		141

Hartford U.S. Government Securities HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -15.2%
		Asset-Backed - Automobile - 0.9%
$	350,000	Avis Budget Rental Car Funding AESOP LLC 2.99%, 06/20/2022⁽¹⁾	$	347,869
	2,907,000	Capital Auto Receivables Asset Trust 3.62%, 05/20/2021		2,915,010

				3,262,879

		Asset-Backed - Finance & Insurance - 2.6%
	1,803,000	NRZ Advance Receivables Trust 2.58%, 10/15/2049⁽¹⁾		1,791,755
	1,515,051	NRZ Excess Spread-Collateralized Notes 3.19%, 01/25/2023⁽¹⁾		1,505,198
	1,185,904	Springleaf Funding Trust 3.16%, 11/15/2024⁽¹⁾		1,184,268
	499,307	Structured Asset Securities Corp. 1 mo. USD LIBOR + 1.500%, 4.01%, 02/25/2033⁽²⁾		504,267
		Towd Point Mortgage Trust
	569,188	2.75%, 04/25/2057⁽¹⁾⁽³⁾		556,644
	2,417,576	3.75%, 05/25/2058⁽¹⁾⁽³⁾		2,416,058
	1,185,000	Tryon Park CLO, Ltd. 3 mo. USD LIBOR + 0.890%, 3.33%, 04/15/2029⁽¹⁾⁽²⁾		1,170,783

				9,128,973

		Asset-Backed - Home Equity - 0.3%
	562,006	Morgan Stanley Asset-Backed Securities Capital, Inc. Trust 1 mo. USD LIBOR + 1.500%, 4.01%, 11/25/2032⁽²⁾		558,748
	7,624,819	Morgan Stanley Capital Trust 0.84%, 07/15/2051⁽³⁾⁽⁴⁾		453,208

				1,011,956

		Commercial Mortgage - Backed Securities - 7.4%
	22,930,605	Benchmark Mortgage Trust 0.54%, 07/15/2051⁽³⁾⁽⁴⁾		851,432
	3,400,000	CSMC Trust 2.76%, 04/05/2033⁽¹⁾		3,370,022
		FREMF Mortgage Trust
	5,845,000	1 mo. USD LIBOR + 0.320%, 2.82%, 02/25/2020⁽²⁾		5,837,773
	435,000	3.36%, 05/25/2045⁽¹⁾⁽³⁾		434,565
	955,000	3.65%, 11/25/2050⁽¹⁾⁽³⁾		950,088
	1,515,000	3.70%, 04/25/2048⁽¹⁾⁽³⁾		1,477,116
	1,325,000	3.73%, 10/25/2049⁽¹⁾⁽³⁾		1,264,229
	1,005,000	3.80%, 02/25/2050⁽¹⁾⁽³⁾		992,694
	2,645,000	3.82%, 06/25/2047⁽¹⁾⁽³⁾		2,643,093
	700,000	3.84%, 10/25/2049⁽¹⁾⁽³⁾		675,140
	660,000	3.94%, 09/25/2049⁽¹⁾⁽³⁾		644,922
	4,580,000	3.98%, 04/25/2051⁽¹⁾⁽³⁾		4,389,734
	1,990,000	5.50%, 04/25/2020⁽¹⁾⁽³⁾		2,041,363

				25,572,171

		Whole Loan Collateral CMO - 4.0%
	145,786	Angel Oak Mortgage Trust LLC 2.81%, 01/25/2047⁽¹⁾⁽³⁾		144,911
	2,973,407	CIM Trust 3.00%, 04/25/2057⁽¹⁾⁽³⁾		2,950,043
	360,152	Deephaven Residential Mortgage Trust 2.73%, 12/26/2046⁽¹⁾⁽³⁾		356,592
	563,911	LSTAR Securities Investment Ltd. 1 mo. USD LIBOR + 1.750%, 4.10%, 10/01/2022⁽¹⁾⁽²⁾		561,864
		Mill City Mortgage Loan Trust
	442,138	2.50%, 04/25/2057⁽¹⁾⁽³⁾		432,626
	1,854,298	3.25%, 05/25/2062⁽¹⁾⁽³⁾		1,831,081
		New Residential Mortgage Loan Trust
	1,072,769	3.25%, 09/25/2056⁽¹⁾⁽³⁾		1,058,090
	1,297,758	3.75%, 03/25/2056⁽¹⁾⁽³⁾		1,293,946
	1,291,818	Thornburg Mortgage Securities Trust 3.72%, 04/25/2045⁽³⁾		1,298,328


Shares or Principal Amount			Market Value^†
ASSET & COMMERCIAL MORTGAGE BACKED SECURITIES -15.2% - (continued)
		Whole Loan Collateral CMO - 4.0% - (continued)
		Towd Point Mortgage Trust
$	49,693	2.75%, 04/25/2055⁽¹⁾⁽³⁾	$	48,812
	56,529	2.75%, 05/25/2055⁽¹⁾⁽³⁾		55,675
	1,232,801	3.00%, 03/25/2054⁽¹⁾⁽³⁾		1,219,651
	2,399,000	3.75%, 04/25/2055⁽¹⁾⁽³⁾		2,409,627

				13,661,246


		Total Asset & Commercial Mortgage Backed Securities (cost $53,221,251)	$	52,637,225


U.S. GOVERNMENT AGENCIES - 64.1%
		Mortgage-Backed Agencies - 61.5%
		FHLMC
$	68,450,000	1.38%, 05/01/2020	$	67,392,927
	6,144,849	1.57%, 01/25/2022		6,023,329
	774,138	2.50%, 12/15/2026⁽⁴⁾		39,368
	783,535	2.50%, 03/15/2028⁽⁴⁾		57,294
	554,901	2.50%, 05/15/2028⁽⁴⁾		42,407
	1,100,952	1 mo. USD LIBOR + 0.380%, 2.73%, 04/25/2020⁽²⁾		1,100,623
	961,660	3.00%, 04/15/2028⁽⁴⁾		82,911
	769,516	3.00%, 05/15/2032⁽⁴⁾		52,953
	588,354	3.00%, 03/15/2033⁽⁴⁾		70,518
	3,977,896	3.00%, 11/01/2036		3,923,109
	143,626	3.00%, 09/01/2045		141,107
	3,632,702	3.00%, 05/15/2046		3,592,265
	888,018	3.00%, 08/15/2047		888,106
	6,205,000	3.50%, 11/15/2025		6,303,725
	883,513	3.50%, 06/15/2026⁽⁴⁾		53,660
	313,939	3.50%, 09/15/2026⁽⁴⁾		27,302
	542,684	3.50%, 03/15/2027⁽⁴⁾		45,484
	1,716,536	3.50%, 01/15/2028⁽⁴⁾		154,289
	302,732	4.00%, 07/15/2027⁽⁴⁾		28,758
	911,838	4.00%, 03/15/2028⁽⁴⁾		80,661
	489,732	4.00%, 06/15/2028⁽⁴⁾		44,543
	1,145,313	4.00%, 07/15/2030⁽⁴⁾		120,937
	246,458	4.00%, 06/01/2044		251,913
	600,000	4.00%, 01/01/2049⁽⁵⁾		611,660
	1,838,887	4.50%, 02/15/2027⁽⁴⁾		188,793
	2,120,388	4.50%, 05/15/2034		2,177,388
	736,883	5.00%, 09/15/2033⁽⁴⁾		139,346
	3,431	5.50%, 06/01/2034		3,668
	30,936	5.50%, 10/01/2035		33,363
	50,735	5.50%, 04/01/2037		54,669
	728,425	5.50%, 12/01/2037		780,333
	239,776	5.50%, 04/01/2038		255,983
	15,082	5.50%, 05/01/2038		16,172
	1,172,211	5.50%, 08/01/2038		1,264,180
	2,368	5.50%, 12/01/2039		2,533
	22,571	6.00%, 10/01/2021		24,283
	34,559	6.00%, 10/01/2022		37,180
	51,444	6.00%, 01/01/2028		55,347
	16,944	6.00%, 04/15/2028		18,283
	32,500	6.00%, 05/15/2028⁽⁶⁾		35,148
	40,423	6.00%, 11/15/2028		43,595
	74,505	6.00%, 12/15/2028		80,903
	159,856	6.00%, 01/15/2029		172,740
	36,427	6.00%, 02/15/2029		39,327
	38,632	6.00%, 03/15/2029		41,825
	26,952	6.00%, 05/15/2029		29,045
	6,300	6.00%, 06/15/2029		6,832
	1,765	6.00%, 03/15/2031		1,932
	76,532	6.00%, 04/15/2031		83,070

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


		142

Hartford U.S. Government Securities HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†

U.S. GOVERNMENT AGENCIES - 64.1% - (continued)
		Mortgage-Backed Agencies - 61.5% - (continued)
		FHLMC - (continued)
$	32,481	6.00%, 10/15/2031	$	35,594
	42,450	6.00%, 12/01/2031		46,365
	246,744	6.00%, 12/15/2031⁽⁶⁾		269,536
	338,714	6.00%, 12/15/2031		368,834
	12,348	6.00%, 05/15/2032		13,369
	742,154	6.00%, 06/15/2032		803,766
	634,946	6.00%, 09/15/2032		698,915
	56,824	6.00%, 10/15/2032		63,044
	458	6.00%, 11/01/2032		500
	42,632	6.00%, 11/15/2032		46,875
	14,543	6.00%, 04/01/2033		15,646
	14,801	6.00%, 09/01/2034		16,189
	4,963	6.50%, 04/01/2028		5,422
	240,873	6.50%, 08/15/2028		263,055
	533,992	6.50%, 05/15/2032		596,540
	85,991	6.50%, 08/01/2032		95,886
	205,519	6.50%, 09/01/2032		232,566
	22,908	7.00%, 10/01/2026		23,352
	2,443	7.00%, 03/01/2027		2,581
	1,745	7.00%, 12/01/2027		1,746
	798	7.00%, 02/01/2029		895
	515	7.00%, 05/01/2029		578
	846	7.00%, 09/01/2029		886
	467	7.00%, 02/01/2031		530
	69,000	7.00%, 04/01/2032		78,336
	56,764	7.00%, 05/01/2032		57,598
	50,373	7.00%, 06/01/2032		57,491
	74,092	7.00%, 11/01/2032		82,580
	2,430	7.50%, 05/01/2024		2,580
	430	7.50%, 06/01/2024		430
	968	7.50%, 06/01/2025		1,026
	3,801	8.00%, 08/01/2024		3,845
	4,262	8.00%, 09/01/2024		4,345
	64	8.00%, 10/01/2024		68

				100,606,756

		FNMA
$	2,439,471	1.34%, 08/25/2044⁽³⁾⁽⁴⁾	$	122,882
	1,428,027	1.56%, 04/25/2055⁽³⁾⁽⁴⁾		70,291
	1,831,057	1.65%, 06/25/2055⁽³⁾⁽⁴⁾		98,051
	6,389,625	1.97%, 11/01/2023		6,121,122
	1,224,949	2.00%, 09/25/2039		1,148,895
	672,794	2.05%, 11/01/2023		647,494
	3,329,785	2.22%, 10/01/2022		3,264,625
	2,300,000	2.23%, 11/01/2023		2,228,685
	200,000	2.45%, 11/01/2022		197,901
	23,835	2.50%, 01/01/2043		22,608
	268,322	2.54%, 03/01/2023		266,345
	2,500,000	2.68%, 05/01/2025		2,460,210
	1,470,746	1 mo. USD LIBOR + 0.400%, 2.70%, 10/25/2024⁽²⁾		1,468,798
	87,356	2.74%, 04/01/2022		87,285
	1,098,143	1 mo. USD LIBOR + 0.400%, 2.75%, 08/25/2025⁽²⁾		1,096,764
	1,730,299	1 mo. USD LIBOR + 0.490%, 2.79%, 04/25/2024⁽²⁾		1,735,178
	87,117	2.83%, 06/01/2022		87,086
	243,447	2.94%, 06/01/2022		244,620
	1,371,840	3.00%, 02/25/2027⁽⁴⁾		97,638
	1,457,329	3.00%, 07/25/2027⁽⁴⁾		116,244
	554,105	3.00%, 09/25/2027⁽⁴⁾		46,875
	60,778	3.00%, 12/01/2030		60,669
	1,366,329	3.00%, 06/25/2043		1,367,968
	177,382	3.02%, 04/01/2022		179,132
	515,000	3.07%, 06/01/2027		503,465


Shares or Principal Amount			Market Value^†

U.S. GOVERNMENT AGENCIES - 64.1% - (continued)
		FNMA - (continued)
$	7,341,518	3.11%, 10/01/2021	$	7,406,400
	569,927	3.25%, 12/01/2021		576,665
	383,118	3.26%, 01/01/2022		389,070
	215,977	3.50%, 11/01/2020		218,386
	3,284,326	3.50%, 04/25/2027⁽⁴⁾		282,433
	593,352	3.50%, 05/25/2027⁽⁴⁾		57,323
	979,022	3.50%, 10/25/2027⁽⁴⁾		90,997
	305,854	3.50%, 08/25/2030⁽⁴⁾		30,100
	670,830	3.50%, 02/25/2031⁽⁴⁾		57,029
	592,541	3.50%, 09/25/2035⁽⁴⁾		88,053
	10,732,004	3.50%, 04/25/2044		10,867,209
	3,530,014	3.50%, 03/25/2045		3,579,195
	517,667	3.50%, 10/25/2046⁽⁴⁾		119,122
	3,543,579	3.50%, 01/25/2047		3,594,841
	4,538,000	3.50%, 01/01/2049⁽⁵⁾		4,537,202
	2,512,953	3.50%, 10/25/2056		2,551,190
	479,227	3.51%, 11/01/2021		487,961
	1,035,050	3.59%, 09/01/2030		1,044,162
	1,716,446	3.65%, 11/01/2021		1,754,168
	83,047	3.65%, 08/01/2023		86,102
	1,051,749	3.73%, 07/01/2022		1,074,716
	1,005,119	3.75%, 09/01/2023		1,046,766
	92,320	3.81%, 11/01/2023		95,793
	279,805	3.85%, 01/01/2024		291,195
	378,566	3.89%, 10/01/2023		392,555
	2,700,000	3.98%, 07/01/2021		2,773,381
	146,421	3.99%, 07/01/2021		150,122
	932,318	4.00%, 05/25/2027⁽⁴⁾		83,054
	12,400,000	4.00%, 01/01/2049⁽⁵⁾		12,640,250
	1,246,683	4.50%, 10/01/2040		1,305,815
	539,138	4.50%, 10/01/2041		564,683
	2,922,160	4.50%, 02/25/2042⁽⁴⁾		352,970
	1,627,200	4.50%, 01/01/2043		1,704,337
	503,948	4.50%, 09/01/2043		527,823
	1,591,443	4.50%, 08/01/2044		1,666,841
	102,392	5.00%, 06/01/2025		104,757
	249,455	5.47%, 05/25/2042⁽³⁾⁽⁴⁾		27,373
	84,566	5.50%, 08/01/2019		84,650
	168,365	6.00%, 10/01/2023		180,658
	23,372	6.00%, 10/25/2028		25,288
	8,744	6.00%, 11/25/2028		9,490
	33,177	6.00%, 04/25/2029		35,754
	563	6.00%, 05/01/2029		613
	26,653	6.00%, 05/25/2029		28,821
	23,183	6.00%, 06/25/2029⁽⁶⁾		25,346
	54,469	6.00%, 07/25/2029		59,045
	276,350	6.00%, 05/25/2031⁽⁶⁾		298,339
	92,085	6.00%, 09/25/2031		100,193
	22,364	6.00%, 11/25/2031		24,130
	406,505	6.00%, 12/25/2031		442,556
	214,674	6.00%, 01/01/2032		233,316
	227	6.00%, 04/01/2032		244
	315	6.00%, 05/01/2032		344
	1,532	6.00%, 09/25/2032		1,689
	82,772	6.00%, 11/01/2032		88,834
	38,669	6.00%, 02/01/2033		42,159
	204,670	6.00%, 03/01/2033		223,154
	659,550	6.00%, 05/01/2033		719,438
	7,712	6.00%, 08/01/2034		8,279
	162,139	6.00%, 01/01/2035		176,366
	2,018,412	6.00%, 02/01/2037		2,200,272
	1,590,158	6.00%, 01/25/2042⁽⁴⁾		286,883
	1,098,413	6.00%, 09/25/2047⁽⁴⁾		260,187
	20	6.50%, 04/01/2024		21
	182	6.50%, 04/01/2027		196

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


		143

Hartford U.S. Government Securities HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†

U.S. GOVERNMENT AGENCIES - 64.1% - (continued)
		FNMA - (continued)
$	13,226	6.50%, 04/01/2028	$	14,202
	110	6.50%, 05/01/2028		118
	6,597	6.50%, 10/01/2028		7,219
	115,549	6.50%, 11/01/2028		125,411
	60,245	6.50%, 12/01/2028		66,824
	284,222	6.50%, 06/25/2029		299,561
	177,738	6.50%, 08/01/2029		197,541
	816	6.50%, 11/01/2030		877
	3,968	6.50%, 05/01/2031		4,439
	143,783	6.50%, 10/25/2031		159,239
	947,609	6.50%, 08/01/2032		1,060,109
	51,299	6.50%, 09/01/2032		55,272
	205	7.00%, 11/01/2031		208
	188,509	7.00%, 02/01/2032		212,014
	4,231	7.50%, 06/01/2023		4,448
	1,587	8.00%, 10/01/2029		1,789
	78	8.00%, 03/01/2030		79
	5,255	8.00%, 04/01/2030		6,152
	16	8.00%, 06/01/2030		16
	13,113	8.00%, 10/01/2030		15,400
	25,366	8.00%, 12/01/2030		28,307
	56	9.00%, 08/01/2020		57
	11,826	9.00%, 09/01/2021		11,861

				94,188,278

		GNMA
$	269,262	1.75%, 09/20/2043	$	258,606
	1,979,335	2.50%, 12/16/2039		1,943,732
	668,679	3.00%, 09/20/2028⁽⁴⁾		55,973
	399,724	3.00%, 02/16/2043⁽⁴⁾		62,416
	2,887,246	3.00%, 04/20/2045		2,865,756
	279,552	3.50%, 02/16/2027⁽⁴⁾		24,402
	679,586	3.50%, 03/20/2027⁽⁴⁾		64,801
	613,772	3.50%, 07/20/2040⁽⁴⁾		64,168
	914,076	3.50%, 02/20/2041⁽⁴⁾		102,733
	1,572,286	3.50%, 04/20/2042⁽⁴⁾		183,872
	2,261,312	3.50%, 10/20/2042⁽⁴⁾		408,284
	178,809	3.50%, 05/20/2043⁽⁴⁾		30,197
	1,380,983	3.50%, 07/20/2043⁽⁴⁾		205,530
	3,752,245	3.50%, 01/20/2048		3,827,753
	206,432	4.00%, 12/16/2026⁽⁴⁾		18,558
	2,903,293	4.00%, 05/20/2029⁽⁴⁾		284,978
	438,981	4.00%, 03/20/2043⁽⁴⁾		92,981
	212,890	4.00%, 01/20/2044⁽⁴⁾		48,076
	1,514,657	4.00%, 03/20/2047⁽⁴⁾		267,291
	2,336,798	4.00%, 07/20/2047⁽⁴⁾		409,149
	621,956	4.50%, 04/20/2045⁽⁴⁾		149,796
	680,623	5.00%, 01/20/2034		722,106
	1,841,441	5.00%, 02/16/2040⁽⁴⁾		432,973
	526,864	5.00%, 05/20/2040⁽⁴⁾		119,174
	1,592,296	5.00%, 03/16/2044⁽⁴⁾		321,384
	431,244	5.00%, 01/16/2047⁽⁴⁾		94,929
	869,385	5.50%, 09/20/2033		941,602
	1,364,218	5.50%, 03/20/2039⁽⁴⁾		304,924
	1,366,509	5.50%, 02/16/2047⁽⁴⁾		307,072
	818,282	5.50%, 02/20/2047⁽⁴⁾		178,758
	360,784	6.00%, 01/15/2033		391,259
	305,075	6.00%, 02/15/2033		332,354
	1,444,573	6.00%, 09/20/2040⁽⁴⁾		344,420
	1,183,918	6.00%, 02/20/2046⁽⁴⁾		272,477
	31,297	6.50%, 12/15/2028		34,907
	25,736	6.50%, 05/15/2029		28,745
	20,590	6.50%, 09/15/2031		22,174
	188,732	6.50%, 10/15/2031		203,251
	193,512	6.50%, 11/15/2031		208,522
	212,493	6.50%, 01/15/2032		229,646


Shares or Principal Amount			Market Value^†

U.S. GOVERNMENT AGENCIES - 64.1% - (continued)
		GNMA - (continued)
$	10,442	7.00%, 06/20/2030	$	11,285
	11,843	7.00%, 05/15/2032		13,592
	43,630	7.00%, 07/15/2032		47,684
	88,610	7.00%, 09/15/2032		92,514
	471,534	7.00%, 10/15/2032⁽⁷⁾		516,525
	653	7.50%, 04/15/2022		654
	2,669	7.50%, 01/15/2023		2,672
	546	7.50%, 05/15/2023		565
	2,646	7.50%, 06/15/2023		2,708
	997	7.50%, 07/15/2023		998
	11,885	7.50%, 08/15/2023		11,951
	5,109	7.50%, 09/15/2023		5,116
	3,707	7.50%, 10/15/2023		3,877
	9,941	7.50%, 11/15/2023		10,239
	1,436	7.50%, 12/15/2023		1,438
	6,927	7.50%, 02/15/2024		7,039
	136	7.50%, 05/15/2024		143
	35,496	7.50%, 07/15/2027		37,876
	33,249	7.50%, 04/20/2030		38,142
	7,636	8.50%, 09/15/2024		8,186
	908	8.50%, 06/15/2029		931
	3,499	8.50%, 10/15/2029		3,574
	2,218	8.50%, 01/15/2030		2,445
	7,829	8.50%, 02/15/2030		7,857
	842	8.50%, 03/15/2030		878

				17,688,618

				212,483,652

		Other Direct Federal Obligations - 2.6%
		Other - 1.6%
		United States Small Business Administration
$	2,419,710	3.20%, 03/01/2038	$	2,416,217
	1,790,000	3.53%, 09/01/2038		1,822,628
	1,350,000	3.54%, 12/01/2038		1,361,376

				5,600,221

		SLM Student Loan Trust - 1.0%
	3,393,553	Nelnet Student Loan Trust 1 mo. USD LIBOR + 0.770%, 3.28%, 09/25/2065⁽¹⁾⁽²⁾		3,410,615

				3,410,615

				9,010,836


		Total U.S. Government Agencies (cost $223,259,989)	$	221,494,488


U.S. GOVERNMENT SECURITIES - 22.7%
		Other Direct Federal Obligations - 1.4%
		FHLB - 1.4%
	4,825,000	FHLB 1.88%, 08/01/2019		4,802,467

				4,802,467

		U.S. Treasury Securities - 21.3%
		U.S. Treasury Notes - 21.3%
	26,060,172	0.75%, 07/15/2028⁽⁸⁾		25,507,411
	7,857,000	1.88%, 07/31/2022		7,694,029
	4,303,000	2.25%, 11/15/2024		4,228,874
	34,550,000	2.75%, 11/15/2023⁽⁷⁾⁽⁹⁾		34,927,891
	1,148,000	2.88%, 05/31/2025		1,167,776

				73,525,981

				73,525,981


		Total U.S. Government Securities (cost $78,409,387)	$	78,328,448


		Total Long-Term Investments (cost $354,890,627)	$	352,460,161

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, 2018


Shares or Principal Amount			Market Value^†
SHORT-TERM INVESTMENTS - 3.0%
		Other Investment Pools & Funds - 3.0%
	10,290,074	Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 2.35%⁽¹⁰⁾	$	10,290,074


		Total Short-Term Investments (cost $10,290,074)	$	10,290,074



Total Investments (cost $365,180,701)	105.0	%	$	362,750,235
Other Assets and Liabilities	(5.0	)%		(17,167,327	)

Total Net Assets	100.0	%	$	345,582,908

Note:

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

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

⁽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, 2018, the aggregate value of these securities was $43,629,074, representing 12.6% of net assets.

⁽²⁾	Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2018.

⁽³⁾	Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

⁽⁴⁾	Securities disclosed are interest-only strips.

⁽⁵⁾	Represents or includes a TBA transaction.

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

⁽⁷⁾	This security, or a portion of this security, has been pledged as collateral in connection with futures contracts.

⁽⁸⁾	The principal amount for this security is adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

⁽⁹⁾	This security, or a portion of this security, has been pledged as collateral in connection with OTC swap contracts.

⁽¹⁰⁾	Current yield as of period end.


Futures Contracts Outstanding at December 31, 2018
Description	Number of Contracts		Expiration Date		Current Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Long position contracts:
U.S. Treasury Ultra Bond Future		29		03/20/2019		4,659,031		250,364
U.S. Treasury 5-Year Note Future		676		03/29/2019		77,528,750		1,263,013
U.S. Treasury 10-Year Ultra Future		192		03/20/2019	$	24,975,000	$	779,649

Total							$	2,293,026

Short position contracts:
U.S. Treasury Long Bond Future		45		03/20/2019		6,570,000		(312,051	)
U.S. Treasury 2-Year Note Future		69		03/29/2019		14,649,563		(77,750	)
U.S. Treasury 10-Year Note Future		95		03/20/2019	$	11,591,484	$	(271,183	)

Total							$	(660,984	)

Total futures contracts							$	1,632,042


TBA Sale Commitments Outstanding at December 31, 2018
Description	Principal Amount		Maturity Date		Market Value^†			Unrealized Appreciation/ (Depreciation)
FHLMC, 4.00%	$	800,000		01/01/2049	$	(815,547	)	$	(6,359	)
FNMA, 4.50%		4,700,000		01/01/2049		(4,866,795	)		(26,217	)

Total (proceeds receivable $5,649,766)					$	(5,682,342	)	$	(32,576	)

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, 2018

At December 31, 2018, the aggregate market value of TBA Sale Commitments represents (1.6) % of total net assets.


Centrally Cleared Interest Rate Swap Contracts Outstanding at December 31, 2018
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	$	—	$	—		$	(99,824	)	$	(99,824	)
3 Mo. USD LIBOR	3.00% Fixed	USD	4,916,000		04/30/25	Semi-Annual		—		(50	)		(141,558	)		(141,508	)
3 Mo. USD LIBOR	2.79% Fixed	USD	15,286,000		09/30/25	Semi-Annual		—		—			(168,174	)		(168,174	)
3 Mo. USD LIBOR	2.25% Fixed	USD	7,750,000		03/21/28	Semi-Annual		82,365		—			284,695			202,330
3 Mo. USD LIBOR	2.83% Fixed	USD	12,366,000		12/21/28	Semi-Annual		—		—			(138,856	)		(138,856	)

Total							$	82,365	$	(50	)	$	(263,717	)	$	(346,032	)

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


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

Counterparty Abbreviations:
GSC		Goldman Sachs & Co.

Other Abbreviations:
CLO		Collateralized Loan Obligation
CMO		Collateralized Mortgage Obligation



Other Abbreviations: – (continued)
FHLB		Federal Home Loan Bank
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
GNMA		Government National Mortgage Association
LIBOR		London Interbank Offered Rate
PT		Perseroan Terbatas
TBA		To Be Announced

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total			Level 1			Level 2			Level 3⁽¹⁾
Assets
Asset & Commercial Mortgage Backed Securities	$	52,637,225		$	—		$	52,637,225		$	—
U.S. Government Agencies		221,494,488			—			221,494,488			—
U.S. Government Securities		78,328,448			—			78,328,448			—
Short-Term Investments		10,290,074			10,290,074			—			—
Futures Contracts⁽²⁾		2,293,026			2,293,026			—			—
Swaps - Interest Rate⁽²⁾		202,330			—			202,330			—

Total	$	365,245,591		$	12,583,100		$	352,662,491		$	—

Liabilities
Futures Contracts⁽²⁾	$	(660,984	)	$	(660,984	)	$	—		$	—
Swaps - Interest Rate⁽²⁾		(548,362	)		—			(548,362	)		—
TBA Sale Commitments		(5,682,342	)		—			(5,682,342	)		—

Total	$	(6,891,688	)	$	(660,984	)	$	(6,230,704	)	$	—

⁽¹⁾	For the year ended December 31, 2018, 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.


		146

Hartford Value HLS Fund

Schedule of Investments

December 31, 2018


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.5%
		Banks - 15.3%
	514,470	Bank of America Corp.	$	12,676,541
	175,945	Citigroup, Inc.		9,159,697
	180,982	JP Morgan Chase & Co.		17,667,463
	37,520	M&T Bank Corp.		5,370,237
	73,410	PNC Financial Services Group, Inc.		8,582,363
	203,905	Wells Fargo & Co.		9,395,942

				62,852,243

		Capital Goods - 7.1%
	46,110	Caterpillar, Inc.		5,859,198
	71,765	Eaton Corp. plc		4,927,385
	109,670	Fortune Brands Home & Security, Inc.		4,166,363
	47,295	Ingersoll-Rand plc		4,314,723
	16,480	Lockheed Martin Corp.		4,315,123
	54,580	United Technologies Corp.		5,811,678

				29,394,470

		Consumer Durables & Apparel - 0.9%
	112,100	Newell Brands, Inc.		2,083,939
	74,680	Skechers USA, Inc. Class A*		1,709,425

				3,793,364

		Consumer Services - 1.1%
	62,773	Hilton Worldwide Holdings, Inc.		4,507,101

		Diversified Financials - 2.2%
	13,365	BlackRock, Inc.		5,250,039
	232,940	Invesco Ltd.		3,899,416

				9,149,455

		Energy - 10.6%
	179,540	Canadian Natural Resources Ltd.		4,332,300
	111,555	Chevron Corp.		12,136,069
	39,800	Concho Resources, Inc.*		4,091,042
	71,280	EOG Resources, Inc.		6,216,329
	71,575	Exxon Mobil Corp.		4,880,699
	126,805	Halliburton Co.		3,370,477
	79,670	Occidental Petroleum Corp.		4,890,145
	27,120	Pioneer Natural Resources Co.		3,566,822

				43,483,883

		Food & Staples Retailing - 1.1%
	141,820	US Foods Holding Corp.*		4,487,185

		Food, Beverage & Tobacco - 4.0%
	107,773	Kraft Heinz Co.		4,638,550
	120,400	Mondelez International, Inc. Class A		4,819,612
	105,120	Philip Morris International, Inc.		7,017,811

				16,475,973

		Health Care Equipment & Services - 6.9%
	25,010	Anthem, Inc.		6,568,376
	131,292	Koninklijke Philips N.V.		4,603,030
	85,366	Medtronic plc		7,764,892
	20,275	UnitedHealth Group, Inc.		5,050,908
	42,660	Zimmer Biomet Holdings, Inc.		4,424,695

				28,411,901

		Household & Personal Products - 1.1%
	82,910	Unilever N.V. ADR		4,460,558

		Insurance - 5.8%
	83,805	American International Group, Inc.		3,302,755
	52,590	Chubb Ltd.		6,793,576
	62,320	Intact Financial Corp.		4,527,924
	67,020	Marsh & McLennan Cos., Inc.		5,344,845
	95,420	MetLife, Inc.		3,917,945

				23,887,045


Shares or Principal Amount			Market Value^†
COMMON STOCKS - 98.5% - (continued)
		Materials - 3.7%
	133,410	DowDuPont, Inc.	$	7,134,767
	66,560	FMC Corp.		4,922,778
	95,210	Sealed Air Corp.		3,317,116

				15,374,661

		Media & Entertainment - 3.3%
	326,780	Comcast Corp. Class A		11,126,859
	94,530	Viacom, Inc. Class B		2,429,421

				13,556,280

		Pharmaceuticals, Biotechnology & Life Sciences - 9.4%
	30,940	Allergan plc		4,135,440
	137,840	AstraZeneca plc ADR		5,235,163
	101,470	Bristol-Myers Squibb Co.		5,274,411
	60,920	Eli Lilly & Co.		7,049,663
	137,090	Merck & Co., Inc.		10,475,047
	25,998	Roche Holding AG		6,454,233

				38,623,957

		Real Estate - 3.1%
	158,890	Brixmor Property Group, Inc. REIT		2,334,094
	61,070	Crown Castle International Corp. REIT		6,634,034
	150,100	Park Hotels & Resorts, Inc. REIT		3,899,598

				12,867,726

		Retailing - 2.2%
	26,660	Home Depot, Inc.		4,580,721
	224,930	Qurate Retail, Inc.*		4,390,634

				8,971,355

		Semiconductors & Semiconductor Equipment - 7.0%
	63,780	Analog Devices, Inc.		5,474,237
	204,170	Intel Corp.		9,581,698
	35,540	KLA-Tencor Corp.		3,180,475
	89,765	Maxim Integrated Products, Inc.		4,564,550
	102,650	QUALCOMM, Inc.		5,841,812

				28,642,772

		Technology Hardware & Equipment - 4.9%
	262,720	Cisco Systems, Inc.		11,383,657
	63,770	NetApp, Inc.		3,805,156
	846,890	Nokia Oyj ADR		4,928,900

				20,117,713

		Telecommunication Services - 2.9%
	211,440	Verizon Communications, Inc.		11,887,157

		Transportation - 1.2%
	34,610	Union Pacific Corp.		4,784,140

		Utilities - 4.7%
	81,120	Dominion Energy, Inc.		5,796,835
	67,780	Edison International		3,847,871
	88,945	Eversource Energy		5,784,983
	36,960	Sempra Energy		3,998,702

				19,428,391


		Total Common Stocks (cost $361,184,449)	$	405,157,330


		Total Long-Term Investments (cost $361,184,449)	$	405,157,330

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


		147

Hartford Value HLS Fund

Schedule of Investments – (continued)

December 31, 2018


Shares or Principal Amount			Market Value^†
SHORT-TERM INVESTMENTS - 1.4%
		Other Investment Pools & Funds - 1.4%
	5,515,188	BlackRock Liquidity Funds FedFund Portfolio, Institutional Class, 2.40%⁽¹⁾	$	5,515,188


		Total Short-Term Investments (cost $5,515,188)	$	5,515,188



Total Investments (cost $366,699,637)	99.9	%	$	410,672,518
Other Assets and Liabilities	0.1	%		571,876

Total Net Assets	100.0	%	$	411,244,394

Note:

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

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

*	Non-income producing.

⁽¹⁾	Current yield as of period end.

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


GLOSSARY: (abbreviations used in preceding Schedule of Investments)

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

Fair Valuation Summary

The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the Fund’s investments.


Description	Total		Level 1		Level 2		Level 3⁽¹⁾
Assets
Common Stocks
Banks	$	62,852,243	$	62,852,243	$	—	$	—
Capital Goods		29,394,470		29,394,470		—		—
Consumer Durables & Apparel		3,793,364		3,793,364		—		—
Consumer Services		4,507,101		4,507,101		—		—
Diversified Financials		9,149,455		9,149,455		—		—
Energy		43,483,883		43,483,883		—		—
Food & Staples Retailing		4,487,185		4,487,185		—		—
Food, Beverage & Tobacco		16,475,973		16,475,973		—		—
Health Care Equipment & Services		28,411,901		23,808,871		4,603,030		—
Household & Personal Products		4,460,558		4,460,558		—		—
Insurance		23,887,045		23,887,045		—		—
Materials		15,374,661		15,374,661		—		—
Media & Entertainment		13,556,280		13,556,280		—		—
Pharmaceuticals, Biotechnology & Life Sciences		38,623,957		32,169,724		6,454,233		—
Real Estate		12,867,726		12,867,726		—		—
Retailing		8,971,355		8,971,355		—		—
Semiconductors & Semiconductor Equipment		28,642,772		28,642,772		—		—
Technology Hardware & Equipment		20,117,713		20,117,713		—		—
Telecommunication Services		11,887,157		11,887,157		—		—
Transportation		4,784,140		4,784,140		—		—
Utilities		19,428,391		19,428,391		—		—
Short-Term Investments		5,515,188		5,515,188		—		—

Total	$	410,672,518	$	399,615,255	$	11,057,263	$	—

⁽¹⁾	For the year ended December 31, 2018, there were no transfers in and out of Level 3.

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


		148

Hartford HLS Funds

Statements of Assets and Liabilities

December 31, 2018


	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⁾	$	1,944,496,368	$	4,007,776,239	$	569,649,892	$	2,961,032,873	$	448,125,116	$	1,368,134,886	$	288,767,718
Cash		78,594		84,051		—		18,720		134		—		—
Foreign currency		80,298		8,987		—		—		63,968		—		—
Receivables:
Investment securities sold		2,292,149		340,621		726,521		—		1,709,130		1,058,187		181,376
Fund shares sold		14,800		124,447		74,205		942,293		20,020		340,095		117,550
Dividends and interest		6,544,842		5,457,344		622,426		4,240,773		183,190		626,788		155,258
Securities lending income		6,166		14,612		44		346		159		7,298		1,770
Variation margin on futures contracts		22,833		2,442,960		—		—		—		—		—
Tax reclaims		821,320		1,142,066		—		567,422		602,937		212,509		7,790
Other assets		9,991		6,523		16,044		9,256		16,432		20,870		14,510

Total assets		1,954,367,361		4,017,397,850		571,089,132		2,966,811,683		450,721,086		1,370,400,633		289,245,972

Liabilities:
Unrealized depreciation on foreign currency contracts		—		345,582		—		—		—		—		—
Obligation to return securities lending collateral		4,505,697		7,045,118		—		—		955,004		7,889,516		2,970,261
Payables:
Investment securities purchased		—		1,980,074		—		2,670,093		790,715		3,427,842		126,019
Fund shares redeemed		1,068,575		2,078,716		421,950		1,105,284		1,372,290		660,498		176,602
Investment management fees		1,013,810		2,274,865		370,569		1,700,541		296,263		730,095		213,449
Transfer agent fees		965		1,390		904		983		921		1,348		942
Accounting services fees		30,641		61,341		7,025		36,482		5,516		21,648		3,550
Board of Directors’ fees		13,176		28,564		3,972		20,215		3,147		9,463		1,976
Distribution fees		9,347		18,608		2,766		14,425		2,884		6,773		1,467
Accrued expenses		175,772		363,609		101,700		237,843		99,376		189,056		31,654

Total liabilities		6,817,983		14,197,867		908,886		5,785,866		3,526,116		12,936,239		3,525,920

Net assets	$	1,947,549,378	$	4,003,199,983	$	570,180,246	$	2,961,025,817	$	447,194,970	$	1,357,464,394	$	285,720,052

Summary of Net Assets:
Capital stock and paid-in-capital	$	1,590,817,425	$	3,774,288,932	$	398,676,147	$	2,019,916,579	$	322,589,754	$	1,073,921,400	$	237,832,324
Distributable earnings		356,731,953		228,911,051		171,504,099		941,109,238		124,605,216		283,542,994		47,887,728

Net assets	$	1,947,549,378	$	4,003,199,983	$	570,180,246	$	2,961,025,817	$	447,194,970	$	1,357,464,394	$	285,720,052

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	$	27.47	$	39.89	$	13.59	$	19.91	$	24.54	$	33.79	$	20.56

Shares outstanding		62,529,487		88,832,501		36,915,486		130,797,411		15,316,585		35,174,940		12,120,792

Net Assets	$	1,717,759,083	$	3,543,187,021	$	501,718,298	$	2,604,425,066	$	375,825,188	$	1,188,514,244	$	249,144,444

Class IB: Net asset value per share	$	27.91	$	39.28	$	13.44	$	19.82	$	24.28	$	32.19	$	19.44

Shares outstanding		8,232,148		11,007,503		5,094,175		17,992,848		2,939,194		4,120,588		1,881,029

Net Assets	$	229,790,295	$	432,334,076	$	68,461,948	$	356,600,751	$	71,369,782	$	132,628,866	$	36,575,608

Class IC: Net asset value per share	$	—	$	39.54	$	—	$	—	$	—	$	32.90	$	—

Shares outstanding		—		700,037		—		—		—		1,104,105		—

Net Assets	$	—	$	27,678,886	$	—	$	—	$	—	$	36,321,284	$	—

Cost of investments	$	1,753,658,698	$	4,183,885,625	$	467,042,601	$	2,396,603,434	$	393,633,917	$	1,387,237,316	$	266,335,771
Cost of foreign currency	$	80,260	$	8,982	$	—	$	—	$	63,082	$	—	$	—

⁽¹⁾ Includes Investment in securities on loan, at market value	$	4,357,478	$	12,788,151	$	—	$	—	$	952,122	$	7,766,810	$	3,181,546

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


		149

Hartford HLS Funds

Statements of Assets and Liabilities – (continued)

December 31, 2018


	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⁾	$	245,768,884		$	1,120,467,819		$	1,820,484,375	$	75,910,779	$	283,722,853	$	1,154,199,245
Cash		—			—			—		—		7,823		—
Foreign currency		—			100,637			—		—		—		—
Unrealized appreciation on foreign currency contracts		15,850			—			—		—		—		—
Receivables:
Investment securities sold		73,468			—			—		597,600		557,080		95,641
Fund shares sold		100,010			3,660,931			12,069,651		40,803		105,966		7,462,516
Dividends and interest		4,119,792			1,363,155			1,466,505		28,000		511,422		680,908
Securities lending income		—			29,994			10,643		77		1,773		13,585
Tax reclaims		—			3,141,955			—		—		—		—
Other assets		16,503			15,283			12,658		21,495		17,022		17,745

Total assets		250,094,507			1,128,779,774			1,834,043,832		76,598,754		284,923,939		1,162,469,640

Liabilities:
Obligation to return securities lending collateral		—			53,200			17,290,587		407,951		2,064,156		43,528,326
Payables:
Investment securities purchased		274,313			6,535,113			—		—		819,837		—
Fund shares redeemed		187,695			342,378			640,801		607		102,918		1,838,066
Investment management fees		151,760			682,269			1,096,971		54,519		200,613		598,069
Transfer agent fees		873			1,291			1,423		831		850		1,235
Accounting services fees		3,035			13,618			22,907		954		3,511		17,687
Board of Directors’ fees		1,653			8,541			13,552		567		2,106		8,272
Distribution fees		2,409			4,912			1,857		459		2,619		12,272
Accrued expenses		65,562			208,288			77,726		25,431		59,330		84,345

Total liabilities		687,300			7,849,610			19,145,824		491,319		3,255,940		46,088,272

Net assets	$	249,407,207		$	1,120,930,164		$	1,814,898,008	$	76,107,435	$	281,667,999	$	1,116,381,368

Summary of Net Assets:
Capital stock and paid-in-capital	$	270,877,683		$	1,179,075,950		$	1,374,010,126	$	66,262,787	$	247,984,087	$	974,838,335
Distributable earnings		(21,470,476	)		(58,145,786	)		440,887,882		9,844,648		33,683,912		141,543,033

Net assets	$	249,407,207		$	1,120,930,164		$	1,814,898,008	$	76,107,435	$	281,667,999	$	1,116,381,368

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	$	7.45		$	13.91		$	33.77	$	7.17	$	9.93	$	26.76

Shares outstanding		25,591,456			71,928,197			52,367,573		9,028,160		21,848,917		30,035,915

Net Assets	$	190,681,212		$	1,000,294,744		$	1,768,712,228	$	64,744,428	$	216,867,772	$	803,906,613

Class IB: Net asset value per share	$	7.32		$	14.09		$	32.85	$	7.12	$	9.88	$	25.95

Shares outstanding		8,022,273			8,563,900			1,406,107		1,595,001		6,561,917		12,040,807

Net Assets	$	58,725,995		$	120,635,420		$	46,185,780	$	11,363,007	$	64,800,227	$	312,474,755

Cost of investments	$	269,731,207		$	1,240,539,261		$	1,679,985,270	$	83,162,205	$	287,743,149	$	1,229,320,627
Cost of foreign currency	$	—		$	100,736		$	—	$	—	$	—	$	—

⁽¹⁾ Includes Investment in securities on loan, at market value	$	—		$	4,459,412		$	17,020,702	$	406,720	$	6,213,738	$	43,530,718

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


		150

Hartford HLS Funds

Statements of Assets and Liabilities – (continued)

December 31, 2018


	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⁾	$	537,710,153	$	1,323,276,598	$	2,858,132,970		$	508,479,576	$	362,750,235		$	410,672,518
Cash		—		—		—			—		—			25,411
Foreign currency		5		—		248,769			—		—			27,161
Unrealized appreciation on OTC swap contracts		—		—		575,601			—		—			—
Unrealized appreciation on foreign currency contracts		—		—		124,519			—		—			—
Receivables:
Investment securities sold		7,706,502		3,858,671		431,206,221			—		5,649,766			—
Fund shares sold		69,549		6,802		254,305			327,593		2,343			14,994
Dividends and interest		285,658		1,906,373		13,015,269			1,374,990		1,249,980			760,919
Securities lending income		6,708		—		6,027			912		—			806
Variation margin on futures contracts		—		—		338,138			—		197,130			—
Tax reclaims		—		923,516		13,929			1,868		—			236,253
OTC swap contracts premiums paid		—		—		1,623,782			—		—			—
Other assets		17,777		12,442		11,035			16,801		19,300			19,221

Total assets		545,796,352		1,329,984,402		3,305,550,565			510,201,740		369,868,754			411,757,283

Liabilities:
Unrealized depreciation on foreign currency contracts		—		—		43,270			—		—			—
Bank overdraft		—		—		92,492			—		86,644			—
Obligation to return securities lending collateral		9,034,495		—		5,545,320			7,631,270		—			—
Unrealized depreciation on OTC swap contracts		—		—		4,164,504			—		—			—
Cash collateral due to broker on swap contracts		—		—		120,000			—		—			—
TBA sale commitments, at market value		—		—		225,144,949			—		5,682,342			—
Payables:
Investment securities purchased		16,121,982		—		970,725,581			—		17,567,153			—
Fund shares redeemed		704,055		7,195,270		1,811,998			299,565		581,610			190,488
Investment management fees		343,410		564,568		846,635			169,841		131,883			243,642
Transfer agent fees		917		886		945			902		865			937
Accounting services fees		8,310		16,408		32,379			5,944		4,103			5,089
Board of Directors’ fees		3,836		8,645		13,099			2,917		2,170			2,906
Variation margin on centrally cleared swap contracts		—		—		860,840			—		133,043			—
Distribution fees		1,879		4,868		8,842			2,664		2,440			2,352
Written options		—		—		902,699			—		—			—
Accrued expenses		77,790		145,178		233,434			69,529		93,593			67,475
OTC swap contracts premiums received		—		—		8,582,017			—		—			—

Total liabilities		26,296,674		7,935,823		1,219,129,004			8,182,632		24,285,846			512,889

Net assets	$	519,499,678	$	1,322,048,579	$	2,086,421,561		$	502,019,108	$	345,582,908		$	411,244,394

Summary of Net Assets:
Capital stock and paid-in-capital	$	423,606,945	$	979,843,632	$	2,087,982,668		$	495,215,688	$	372,740,506		$	324,459,177
Distributable earnings		95,892,733		342,204,947		(1,561,107	)		6,803,420		(27,157,598	)		86,785,217

Net assets	$	519,499,678	$	1,322,048,579	$	2,086,421,561		$	502,019,108	$	345,582,908		$	411,244,394

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	$	18.38	$	78.10	$	10.76		$	10.10	$	10.05		$	12.81

Shares outstanding		25,745,116		15,388,113		173,988,565			43,291,935		28,484,329			27,570,093

Net Assets	$	473,098,063	$	1,201,873,020	$	1,871,298,689		$	437,159,700	$	286,242,615		$	353,040,089

Class IB: Net asset value per share	$	16.94	$	78.11	$	10.70		$	10.09	$	10.04		$	12.79

Shares outstanding		2,738,519		1,538,564		20,108,290			6,427,109		5,911,399			4,549,860

Net Assets	$	46,401,615	$	120,175,559	$	215,122,872		$	64,859,408	$	59,340,293		$	58,204,305

Cost of investments	$	550,757,370	$	1,097,774,593	$	2,898,170,933		$	509,739,202	$	365,180,701		$	366,699,637
Cost of foreign currency	$	5	$	—	$	250,647		$	—	$	—		$	27,148
Proceeds of TBA sale commitments	$	—	$	—	$	223,510,608		$	—	$	5,649,766		$	—
Proceeds of written option contracts	$	—	$	—	$	677,762		$	—	$	—		$	—

⁽¹⁾ Includes Investment in securities on loan, at market value	$	8,978,711	$	—	$	5,298,633		$	7,467,045	$	—		$	—

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


		151

Hartford HLS Funds

Statements of Operations

For the Year Ended December 31, 2018


	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	$	32,475,347		$	81,007,182		$	9,915,122		$	85,988,078		$	6,410,519		$	7,953,214		$	2,740,859
Interest		24,788,604			1,099,465			62,674			900,679			102,217			180,180			147,702
Securities lending		74,664			299,794			44			16,660			18,098			252,366			53,634
Less: Foreign tax withheld		(532,049	)		(1,256,115	)		—			(769,504	)		(314,289	)		(44,931	)		(30,568	)

Total investment income, net		56,806,566			81,150,326			9,977,840			86,135,913			6,216,545			8,340,829			2,911,627

Expenses:
Investment management fees		13,883,801			30,606,967			4,875,888			22,168,396			3,957,602			9,562,267			2,772,445
Administrative services fees
Class IC		—			76,494			—			—			—			95,329			—
Transfer agent fees
Class IA		5,023			7,392			4,787			5,252			4,668			7,133			4,934
Class IB		670			913			659			726			898			801			736
Class IC		—			54			—			—			—			197			—
Distribution fees
Class IB		656,306			1,304,058			201,853			1,036,585			214,185			388,298			107,523
Class IC		—			76,494			—			—			—			95,329			—
Custodian fees		19,102			63,480			5,063			9,431			21,107			40,792			6,172
Registration and filing fees		34,545			45,625			32,867			33,631			32,862			46,342			33,163
Accounting services fees		401,485			808,571			93,352			477,499			74,352			283,868			46,330
Board of Directors’ fees		66,655			142,730			19,986			102,437			16,024			47,243			9,786
Audit fees		31,079			62,171			21,480			20,945			45,539			45,099			32,393
Other expenses		245,215			492,096			127,750			361,054			87,867			217,252			29,013

Total expenses (before waivers and fees paid indirectly)		15,343,881			33,687,045			5,383,685			24,215,956			4,455,104			10,829,950			3,042,495

Management fee waivers		(669,141	)		—			—			—			—			—			—
Commission recapture		(7,184	)		(38,534	)		(570	)		(18,866	)		(3,321	)		(19,394	)		(1,257	)

Total waivers and fees paid indirectly		(676,325	)		(38,534	)		(570	)		(18,866	)		(3,321	)		(19,394	)		(1,257	)

Total expenses, net		14,667,556			33,648,511			5,383,115			24,197,090			4,451,783			10,810,556			3,041,238

Net Investment Income (Loss)		42,139,010			47,501,815			4,594,725			61,938,823			1,764,762			(2,469,727	)		(129,611	)

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain (loss) on investments		180,416,285			506,754,652			72,774,676			372,863,845			68,693,851			314,671,672			31,458,838
Net realized gain (loss) on futures contracts		2,257,919			(3,280,817	)		—			—			—			—			—
Net realized gain (loss) on foreign currency contracts		—			627,283			—			—			—			—			—
Net realized gain (loss) on other foreign currency transactions		(17,697	)		(267,672	)		—			9,402			(21,769	)		(24,689	)		1,770

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		182,656,507			503,833,446			72,774,676			372,873,247			68,672,082			314,646,983			31,460,608

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized appreciation (depreciation) of investments		(330,766,428	)		(826,839,388	)		(83,373,336	)		(593,173,572	)		(85,373,872	)		(288,645,717	)		(37,552,465	)
Net unrealized appreciation (depreciation) of futures contracts		(10,187	)		(2,656,926	)		—			—			—			—			—
Net unrealized appreciation (depreciation) of foreign currency contracts		—			(115,379	)		—			—			—			—			—
Net unrealized appreciation (depreciation) of translation of other assets and liabilities in foreign currencies		(6,963	)		(39,731	)		—			(10,243	)		(15,663	)		(2,009	)		665

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions		(330,783,578	)		(829,651,424	)		(83,373,336	)		(593,183,815	)		(85,389,535	)		(288,647,726	)		(37,551,800	)

Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		(148,127,071	)		(325,817,978	)		(10,598,660	)		(220,310,568	)		(16,717,453	)		25,999,257			(6,091,192	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(105,988,061	)	$	(278,316,163	)	$	(6,003,935	)	$	(158,371,745	)	$	(14,952,691	)	$	23,529,530		$	(6,220,803	)

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


		152

Hartford HLS Funds

Statements of Operations – (continued)

For the Year Ended December 31, 2018


	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	$	33,233		$	35,515,686		$	16,266,674		$	1,014,357		$	5,081,008		$	7,824,188
Interest		17,229,488			579,902			43,708			15,441			94,175			309,975
Securities lending		—			171,097			137,463			6,574			50,882			203,827
Less: Foreign tax withheld		—			(3,408,255	)		(80,121	)		(2,935	)		(45,944	)		(2,774	)

Total investment income, net		17,262,721			32,858,430			16,367,724			1,033,437			5,180,121			8,335,216

Expenses:
Investment management fees		1,960,785			9,878,165			14,984,752			745,737			2,791,354			8,248,353
Transfer agent fees
Class IA		4,002			6,728			8,438			4,252			3,935			5,397
Class IB		1,239			781			218			752			1,186			2,065
Distribution fees
Class IB		165,624			372,787			142,648			35,040			202,046			939,840
Custodian fees		7,579			103,208			13,353			3,355			8,489			9,227
Registration and filing fees		32,229			37,088			45,683			31,406			33,316			37,222
Accounting services fees		39,216			201,671			316,058			13,050			48,849			244,451
Board of Directors’ fees		8,312			44,741			68,349			2,822			10,551			41,015
Audit fees		31,544			46,900			21,422			21,945			21,745			21,623
Other expenses		69,930			223,618			177,776			23,891			59,781			112,917

Total expenses (before waivers and fees paid indirectly)		2,320,460			10,915,687			15,778,697			882,250			3,181,252			9,662,110

Commission recapture		—			(28,061	)		(8,370	)		—			(4,615	)		(6,727	)

Total waivers and fees paid indirectly		—			(28,061	)		(8,370	)		—			(4,615	)		(6,727	)

Total expenses, net		2,320,460			10,887,626			15,770,327			882,250			3,176,637			9,655,383

Net Investment Income (Loss)		14,942,261			21,970,804			597,397			151,187			2,003,484			(1,320,167	)

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain (loss) on investments		2,828,754			46,526,507			313,603,919			16,823,323			39,205,536			219,253,261
Net realized gain (loss) on foreign currency contracts		311,327			—			—			—			—			—
Net realized gain (loss) on other foreign currency transactions		(10,982	)		(669,193	)		(2,850	)		—			(111,181	)		—

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		3,129,099			45,857,314			313,601,069			16,823,323			39,094,355			219,253,261

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized appreciation (depreciation) of investments		(27,155,534	)		(332,581,427	)		(453,906,710	)		(25,371,110	)		(89,946,212	)		(363,380,245	)
Net unrealized appreciation (depreciation) of foreign currency contracts		76,393			—			—			—			—			—
Net unrealized appreciation (depreciation) of translation of other assets and liabilities in foreign currencies		(1,040	)		(67,720	)		—			—			1,215			—

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions		(27,080,181	)		(332,649,147	)		(453,906,710	)		(25,371,110	)		(89,944,997	)		(363,380,245)

Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		(23,951,082	)		(286,791,833	)		(140,305,641	)		(8,547,787	)		(50,850,642	)		(144,126,984	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(9,008,821	)	$	(264,821,029	)	$	(139,708,244	)	$	(8,396,600	)	$	(48,847,158	)	$	(145,447,151	)

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


		153

Hartford HLS Funds

Statements of Operations – (continued)

For the Year Ended December 31, 2018


	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	$	1,661,898		$	30,831,798		$	89,460		$	—		$	—		$	12,341,520
Interest		200,890			368,476			83,715,797			11,183,888			9,633,689			106,470
Securities lending		69,867			—			51,527			6,710			—			12,704
Less: Foreign tax withheld		—			(105,685	)		—			(2,993	)		—			(160,034	)

Total investment income, net		1,932,655			31,094,589			83,856,784			11,187,605			9,633,689			12,300,660

Expenses:
Investment management fees		4,596,041			7,068,904			10,527,975			2,019,160			1,664,695			3,257,727
Transfer agent fees
Class IA		5,011			4,857			5,145			4,785			4,310			4,831
Class IB		505			493			590			688			913			806
Distribution fees
Class IB		143,051			339,892			577,002			158,665			161,711			174,810
Custodian fees		12,197			5,600			49,304			4,420			6,457			3,639
Registration and filing fees		35,245			33,859			34,521			32,833			35,002			32,519
Accounting services fees		112,563			206,310			403,619			70,671			51,791			68,409
Board of Directors’ fees		18,382			43,663			66,328			14,699			10,909			14,691
Audit fees		46,821			30,773			51,443			31,388			44,573			21,768
Other expenses		93,098			192,245			317,231			83,459			106,397			84,888

Total expenses (before waivers and fees paid indirectly)		5,062,914			7,926,596			12,033,158			2,420,768			2,086,758			3,664,088

Commission recapture		(18,084	)		(996	)		—			—			—			(2,239	)

Total waivers and fees paid indirectly		(18,084	)		(996	)		—			—			—			(2,239	)

Total expenses, net		5,044,830			7,925,600			12,033,158			2,420,768			2,086,758			3,661,849

Net Investment Income (Loss)		(3,112,175	)		23,168,989			71,823,626			8,766,837			7,546,931			8,638,811

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions:
Net realized gain (loss) on investments		113,780,251			120,033,221			(16,429,142	)		(18,669	)		(3,269,319	)		48,093,227
Net realized gain (loss) on purchased options contracts		—			—			385,075			—			—			—
Net realized gain (loss) on futures contracts		—			—			(23,920,328	)		—			(3,417,130	)		—
Net realized gain (loss) on written options contracts		—			—			1,094,667			—			(96,204	)		—
Net realized gain (loss) on swap contracts		—			—			2,155,275			—			1,140,952			—
Net realized gain (loss) on foreign currency contracts		—			—			(854,578	)		—			—			—
Net realized gain (loss) on other foreign currency transactions		812			(13,010	)		(241,362	)		—			—			(13,541	)

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		113,781,063			120,020,211			(37,810,393	)		(18,669	)		(5,641,701	)		48,079,686

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions:
Net unrealized appreciation (depreciation) of investments		(127,972,764	)		(138,534,419	)		(59,167,865	)		(1,061,293	)		(1,479,925	)		(103,389,323	)
Net unrealized appreciation (depreciation) of purchased options contracts		—			—			(908,053	)		—			—			—
Net unrealized appreciation (depreciation) of futures contracts		—			—			7,758,743			—			1,997,765			—
Net unrealized appreciation (depreciation) of written options contracts		—			—			(224,937	)		—			—			—
Net unrealized appreciation (depreciation) of swap contracts		—			—			(2,351,579	)		—			(289,737	)		—
Net unrealized appreciation (depreciation) of foreign currency contracts		—			—			562,943			—			—			—
Net unrealized appreciation (depreciation) of translation of other assets and liabilities in foreign currencies		—			(11,348	)		(20,853	)		—			—			(5,236	)

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions		(127,972,764)			(138,545,767	)		(54,351,601	)		(1,061,293	)		228,103			(103,394,559	)

Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions		(14,191,701	)		(18,525,556	)		(92,161,994	)		(1,079,962	)		(5,413,598	)		(55,314,873	)

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(17,303,876	)	$	4,643,433		$	(20,338,368	)	$	7,686,875		$	2,133,333		$	(46,676,062	)

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


		154

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, 2018			For the Year Ended December 31, 2017			For the Year Ended December 31, 2018			For the Year Ended December 31, 2017			For the Year Ended December 31, 2018			For the Year Ended December 31, 2017
Operations:
Net investment income (loss)	$	42,139,010		$	42,692,836		$	47,501,815		$	45,424,632		$	4,594,725		$	6,623,756
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		182,656,507			173,385,809			503,833,446			641,921,865			72,774,676			66,406,606
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		(330,783,578	)		122,002,272			(829,651,424	)		340,712,360			(83,373,336	)		61,943,262

Net Increase (Decrease) in Net Assets Resulting from Operations		(105,988,061	)		338,080,917			(278,316,163	)		1,028,058,857			(6,003,935	)		134,973,624

Distributions to Shareholders:⁽¹⁾
Class IA		(123,979,008	)		(47,464,119	)		(454,718,791	)		(280,000,593	)		(59,926,122	)		(69,277,938	)
Class IB		(15,722,695	)		(5,534,060	)		(55,433,183	)		(35,014,412	)		(8,120,313	)		(9,451,480	)
Class IC		—			—			(3,306,481	)		(1,722,982	)		—			—

Total distributions		(139,701,703	)		(52,998,179	)		(513,458,455	)		(316,737,987	)		(68,046,435	)		(78,729,418	)

Capital Share Transactions:
Sold		17,623,057			27,191,961			41,412,513			80,762,993			8,267,277			6,573,433
Issued on reinvestment of distributions		139,701,703			52,998,179			513,458,455			316,737,987			68,046,434			78,729,418
Redeemed		(337,066,656	)		(311,772,955	)		(817,092,381	)		(1,186,680,309	)		(129,497,572	)		(112,526,090	)

Net (decrease) from capital share transactions		(179,741,896	)		(231,582,815	)		(262,221,413	)		(789,179,329	)		(53,183,861	)		(27,223,239	)

Net Increase (Decrease) in Net Assets		(425,431,660	)		53,499,923			(1,053,996,031	)		(77,858,459	)		(127,234,231	)		29,020,967

Net Assets:
Beginning of period		2,372,981,038			2,319,481,115			5,057,196,014			5,135,054,473			697,414,477			668,393,510

End of period	$	1,947,549,378		$	2,372,981,038		$	4,003,199,983		$	5,057,196,014		$	570,180,246		$	697,414,477

⁽¹⁾

Per the Securities and Exchange Commission Release #33-10532 “Disclosure Update and Simplification”, it is no longer required to differentiate distributions from earnings as either net investment income or net realized capital gains or disclose the Fund’s undistributed net investment income within the Fund’s Statement of Changes in Net Assets. The presentation within the Fund’s Statement of Changes in Net Assets for the year ended December 31, 2017 has been modified accordingly. See Note 2, Significant Accounting Policies, in Notes to Financial Statements for additional information.

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


		155

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, 2018			For the Year Ended December 31, 2017			For the Year Ended December 31, 2018			For the Year Ended December 31, 2017			For the Year Ended December 31, 2018			For the Year Ended December 31, 2017
Operations:
Net investment income (loss)	$	61,938,823		$	60,240,785		$	1,764,762		$	2,465,165		$	(2,469,727	)	$	(2,643,363	)
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		372,873,247			372,570,368			68,672,082			43,958,518			314,646,983			215,967,758
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		(593,183,815	)		160,622,809			(85,389,535	)		86,452,802			(288,647,726	)		164,605,261

Net Increase (Decrease) in Net Assets Resulting from Operations		(158,371,745	)		593,433,962			(14,952,691	)		132,876,485			23,529,530			377,929,656

Distributions to Shareholders:⁽¹⁾
Class IA		(367,065,830	)		(261,460,717	)		(38,893,548	)		(20,798,629	)		(183,161,141	)		(16,106,762	)
Class IB		(50,078,265	)		(35,652,496	)		(7,324,732	)		(3,981,855	)		(21,414,890	)		(1,881,415	)
Class IC		—			—			—			—			(5,228,239	)		(403,653	)

Total distributions		(417,144,095	)		(297,113,213	)		(46,218,280	)		(24,780,484	)		(209,804,270	)		(18,391,830	)

Capital Share Transactions:
Sold		61,469,849			104,640,250			36,885,058			35,466,468			50,069,414			46,904,728
Issued on reinvestment of distributions		417,144,095			297,113,212			46,218,280			24,780,485			209,804,270			18,391,829
Redeemed		(561,723,069	)		(530,411,682	)		(91,759,918	)		(71,226,539	)		(225,579,813	)		(218,264,877	)

Net (decrease) from capital share transactions		(83,109,125	)		(128,658,220	)		(8,656,580	)		(10,979,586	)		34,293,871			(152,968,320	)

Net Increase (Decrease) in Net Assets		(658,624,965	)		167,662,529			(69,827,551	)		97,116,415			(151,980,869	)		206,569,506

Net Assets:
Beginning of period		3,619,650,782			3,451,988,253			517,022,521			419,906,106			1,509,445,263			1,302,875,757

End of period	$	2,961,025,817		$	3,619,650,782		$	447,194,970		$	517,022,521		$	1,357,464,394		$	1,509,445,263

⁽¹⁾

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


		156

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, 2018			For the Year Ended December 31, 2017			For the Year Ended December 31, 2018			For the Year Ended December 31, 2017			For the Year Ended December 31, 2018			For the Year Ended December 31, 2017
Operations:
Net investment income (loss)	$	(129,611	)	$	21,704		$	14,942,261		$	16,752,837		$	21,970,804		$	20,447,179
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		31,460,608			20,678,238			3,129,099			5,132,805			45,857,314			112,396,083
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		(37,551,800	)		42,617,943			(27,080,181	)		769,720			(332,649,147	)		178,814,146

Net Increase (Decrease) in Net Assets Resulting from Operations		(6,220,803	)		63,317,885			(9,008,821	)		22,655,362			(264,821,029	)		311,657,408

Distributions to Shareholders:⁽¹⁾
Class IA		(17,636,397	)		(42,557,293	)		(12,607,847	)		(14,107,895	)		(24,591,559	)		(19,083,304	)
Class IB		(2,726,361	)		(7,184,474	)		(3,775,566	)		(4,345,488	)		(2,394,120	)		(1,824,269	)

Total distributions		(20,362,758	)		(49,741,767	)		(16,383,413	)		(18,453,383	)		(26,985,679	)		(20,907,573	)

Capital Share Transactions:
Sold		31,276,586			47,830,448			13,407,636			16,051,926			144,483,508			238,539,464
Issued on reinvestment of distributions		20,362,758			49,741,767			16,383,413			18,453,383			26,985,679			20,907,573
Redeemed		(74,733,932	)		(66,393,210	)		(56,481,478	)		(59,002,412	)		(339,252,535	)		(203,781,844	)

Net increase (decrease) from capital share transactions		(23,094,588	)		31,179,005			(26,690,429	)		(24,497,103	)		(167,783,348	)		55,665,193

Net Increase (Decrease) in Net Assets		(49,678,149	)		44,755,123			(52,082,663	)		(20,295,124	)		(459,590,056	)		346,415,028

Net Assets:
Beginning of period		335,398,201			290,643,078			301,489,870			321,784,994			1,580,520,220			1,234,105,192

End of period	$	285,720,052		$	335,398,201		$	249,407,207		$	301,489,870		$	1,120,930,164		$	1,580,520,220

⁽¹⁾

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


		157

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, 2018			For the Year Ended December 31, 2017			For the Year Ended December 31, 2018			For the Year Ended December 31, 2017			For the Year Ended December 31, 2018			For the Year Ended December 31, 2017
Operations:
Net investment income (loss)	$	597,397		$	161,392		$	151,187		$	857,365		$	2,003,484		$	1,239,709
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		313,601,069			232,241,276			16,823,323			8,513,724			39,094,355			23,401,263
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		(453,906,710	)		210,733,817			(25,371,110	)		3,773,225			(89,944,997	)		22,239,620

Net Increase (Decrease) in Net Assets Resulting from Operations		(139,708,244	)		443,136,485			(8,396,600	)		13,144,314			(48,847,158	)		46,880,592

Distributions to Shareholders:⁽¹⁾
Class IA		(206,009,765	)		(94,658,887	)		(7,929,782	)		(3,287,870	)		(20,921,640	)		(20,308,939	)
Class IB		(5,470,747	)		(5,084,893	)		(1,375,082	)		(550,492	)		(5,918,091	)		(6,031,749	)

Total distributions		(211,480,512	)		(99,743,780	)		(9,304,864	)		(3,838,362	)		(26,839,731	)		(26,340,688	)

Capital Share Transactions:
Sold		268,177,739			371,154,622			4,772,590			6,228,487			5,167,853			6,974,933
Issued on reinvestment of distributions		211,480,512			99,743,781			9,304,864			3,838,362			26,839,731			26,340,688
Redeemed		(528,465,528	)		(413,993,325	)		(19,264,292	)		(25,253,892	)		(49,490,166	)		(58,594,091	)

Net increase (decrease) from capital share transactions		(48,807,277	)		56,905,078			(5,186,838	)		(15,187,043	)		(17,482,582	)		(25,278,470	)

Net Increase (Decrease) in Net Assets		(399,996,033	)		400,297,783			(22,888,302	)		(5,881,091	)		(93,169,471	)		(4,738,566	)

Net Assets:
Beginning of period		2,214,894,041			1,814,596,258			98,995,737			104,876,828			374,837,470			379,576,036

End of period	$	1,814,898,008		$	2,214,894,041		$	76,107,435		$	98,995,737		$	281,667,999		$	374,837,470

⁽¹⁾

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


		158

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, 2018			For the Year Ended December 31, 2017			For the Year Ended December 31, 2018			For the Year Ended December 31, 2017			For the Year Ended December 31, 2018			For the Year Ended December 31, 2017
Operations:
Net investment income (loss)	$	(1,320,167	)	$	(1,454,879	)	$	(3,112,175	)	$	(2,511,265	)	$	23,168,989		$	25,878,193
Net realized gain (loss) on investments and foreign currency transactions		219,253,261			99,838,478			113,781,063			136,468,650			120,020,211			127,954,070
Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions		(363,380,245	)		137,585,826			(127,972,764	)		35,311,309			(138,545,767	)		115,361,860

Net Increase (Decrease) in Net Assets Resulting from Operations		(145,447,151	)		235,969,425			(17,303,876	)		169,268,694			4,643,433			269,194,123

Distributions to Shareholders:⁽¹⁾
Class IA		(60,365,921	)		(446,628	)		(37,253,096	)		—			(20,294,819	)		(23,707,000	)
Class IB		(23,243,803	)		—			(4,017,068	)		—			(1,685,834	)		(2,111,519	)

Total distributions		(83,609,724	)		(446,628	)		(41,270,164	)		—			(21,980,653	)		(25,818,519	)

Capital Share Transactions:
Sold		200,210,026			341,821,699			55,281,428			35,844,453			8,126,181			7,902,822
Issued on reinvestment of distributions		74,744,865			391,968			41,270,164			—			21,980,653			25,818,519
Redeemed		(264,548,970	)		(441,836,449	)		(126,680,602	)		(504,062,833	)		(212,336,911	)		(208,424,356	)

Net increase (decrease) from capital share transactions		10,405,921			(99,622,782)			(30,129,010)			(468,218,380)			(182,230,077)			(174,703,015)

Net Increase (Decrease) in Net Assets		(218,650,954)			135,900,015			(88,703,050	)		(298,949,686	)		(199,567,297	)		68,672,589

Net Assets:
Beginning of period		1,335,032,322			1,199,132,307			608,202,728			907,152,414			1,521,615,876			1,452,943,287

End of period	$	1,116,381,368		$	1,335,032,322		$	519,499,678		$	608,202,728		$	1,322,048,579		$	1,521,615,876

⁽¹⁾

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


		159

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
	For the Year Ended December 31, 2018			For the Year Ended December 31, 2017			For the Year Ended December 31, 2018			For the Year Ended December 31, 2017			For the Year Ended December 31, 2018			For the Year Ended December 31, 2017
Operations:
Net investment income (loss)	$	71,823,626		$	72,397,790		$	8,766,837		$	5,426,975		$	7,546,931		$	7,433,049
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		(37,810,393	)		46,924,738			(18,669	)		110,447			(5,641,701	)		(2,529,210	)
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		(54,351,601	)		3,063,744			(1,061,293	)		(117,494	)		228,103			749,426

Net Increase (Decrease) in Net Assets Resulting from Operations		(20,338,368	)		122,386,272			7,686,875			5,419,928			2,133,333			5,653,265

Distributions to Shareholders:⁽¹⁾
Class IA		(84,804,607	)		(64,104,099	)		(5,018,413	)		(3,863,181	)		(7,134,442	)		(7,516,833	)
Class IB		(9,181,448	)		(6,840,084	)		(536,294	)		(353,222	)		(1,332,927	)		(1,395,249	)

Total distributions		(93,986,055	)		(70,944,183	)		(5,554,707	)		(4,216,403	)		(8,467,369	)		(8,912,082	)

Capital Share Transactions:
Sold		106,840,708			133,249,068			73,505,332			40,599,916			21,420,796			25,399,365
Issued on reinvestment of distributions		93,986,055			70,944,183			5,554,708			4,216,403			8,467,369			8,912,083
Redeemed		(406,372,006	)		(356,036,471	)		(105,240,180	)		(131,702,061	)		(78,045,222	)		(79,206,757	)

Net (decrease) from capital share transactions		(205,545,243	)		(151,843,220	)		(26,180,140	)		(86,885,742	)		(48,157,057	)		(44,895,309	)

Net Increase (Decrease) in Net Assets		(319,869,666	)		(100,401,131	)		(24,047,972	)		(85,682,217	)		(54,491,093	)		(48,154,126	)

Net Assets:
Beginning of period		2,406,291,227			2,506,692,358			526,067,080			611,749,297			400,074,001			448,228,127

End of period	$	2,086,421,561		$	2,406,291,227		$	502,019,108		$	526,067,080		$	345,582,908		$	400,074,001

⁽¹⁾

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


		160

Hartford HLS Funds

Statements of Changes in Net Assets – (continued)


	Hartford Value HLS Fund
	For the Year Ended December 31, 2018			For the Year Ended December 31, 2017
Operations:
Net investment income (loss)	$	8,638,811		$	7,919,163
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions		48,079,686			43,232,153
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions		(103,394,559	)		23,121,521

Net Increase (Decrease) in Net Assets Resulting from Operations		(46,676,062	)		74,272,837

Distributions to Shareholders:⁽¹⁾
Class IA		(45,728,961	)		(39,184,875	)
Class IB		(7,417,890	)		(6,498,111	)

Total distributions		(53,146,851	)		(45,682,986	)

Capital Share Transactions:
Sold		13,010,218			12,186,616
Issued on reinvestment of distributions		53,146,851			45,682,987
Redeemed		(81,575,571	)		(84,180,318	)

Net (decrease) from capital share transactions		(15,418,502	)		(26,310,715	)

Net Increase (Decrease) in Net Assets		(115,241,415	)		2,279,136

Net Assets:
Beginning of period		526,485,809			524,206,673

End of period	$	411,244,394		$	526,485,809

⁽¹⁾

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


		161

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, 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

For the Year Ended December 31, 2014
IA	$	25.11	$	0.45	$	2.01		$	2.46		$	(0.48	)	$	—		$	(0.48	)	$	27.09		9.79	%	$	2,561,814		0.65	%		0.65	%		1.73	%		29	%
IB		25.44		0.39		2.03			2.42			(0.41	)		—			(0.41	)		27.45		9.51			362,210		0.90			0.90			1.49			29

Hartford Capital Appreciation HLS Fund

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

For the Year Ended December 31, 2014
IA	$	59.65	$	0.56	$	3.81		$	4.37		$	(0.50	)	$	(8.81	)	$	(9.31	)	$	54.71		7.31	%	$	6,470,599		0.66	%		0.66	%		0.96	%		89	%
IB		59.18		0.42		3.77			4.19			(0.36	)		(8.81	)		(9.17	)		54.20		7.04			764,541		0.91			0.91			0.72			89
IC⁽⁴⁾		60.21		0.09		3.53			3.62			(0.43	)		(8.81	)		(9.24	)		54.59		5.97	⁽⁵⁾		3,453		1.16	⁽⁶⁾		1.16	⁽⁶⁾		0.23	⁽⁶⁾		89

Hartford Disciplined Equity HLS Fund

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.


		162

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

For the Year Ended December 31, 2014
IA	$	18.36	$	0.14	$	2.83		$	2.97		$	(0.14	)	$	(0.20	)	$	(0.34	)	$	20.99		16.18	%	$	734,110		0.75	%		0.75	%		0.73	%		63	%
IB		18.27		0.09		2.81			2.90			(0.09	)		(0.20	)		(0.29	)		20.88		15.87			107,577		1.00			1.00			0.47			63

Hartford Dividend and Growth HLS Fund

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

For the Year Ended December 31, 2014
IA	$	27.05	$	0.49	$	2.92		$	3.41		$	(0.49	)	$	(3.52	)	$	(4.01	)	$	26.45		12.96	%	$	3,502,492		0.67	%		0.67	%		1.78	%		19	%
IB		26.99		0.42		2.91			3.33			(0.42	)		(3.52	)		(3.94	)		26.38		12.68			546,006		0.92			0.92			1.53			19

Hartford Global Growth HLS Fund

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

For the Year Ended December 31, 2014
IA	$	22.33	$	0.13	$	1.39		$	1.52		$	(0.11	)	$	—		$	(0.11	)	$	23.74		6.79	%	$	388,542		0.81	%		0.81	%		0.57	%		82	%⁽⁷⁾
IB		22.16		0.07		1.39			1.46			(0.06	)		—			(0.06	)		23.56		6.58			92,979		1.06			1.06			0.30			82	⁽⁷⁾

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


		163

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

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	⁽⁸⁾	$	0.02		$	(0.15	)	$	(4.90	)	$	(5.05	)	$	29.83		(0.49	)%	$	1,145,176		0.65	%		0.65	%		(0.11	)%		138	%
IB		33.76		(0.11	)		0.04	⁽⁸⁾		(0.07	)		(0.05	)		(4.90	)		(4.95	)		28.74		(0.77	)		132,149		0.90			0.90			(0.35	)		138
IC		34.57		(0.19	)		0.04	⁽⁸⁾		(0.15	)		(0.09	)		(4.90	)		(4.99	)		29.43		(1.01	)		25,550		1.15			1.15			(0.61	)		138

For the Year Ended December 31, 2015
IA	$	38.88	$	0.02		$	4.66		$	4.68		$	(0.05	)	$	(8.65	)	$	(8.70	)	$	34.86		11.74	%	$	1,197,187		0.65	%		0.65	%		0.05	%		109	%
IB		37.93		(0.08	)		4.56			4.48			—			(8.65	)		(8.65	)		33.76		11.47			158,304		0.90			0.90			(0.20	)		109
IC		38.75		(0.18	)		4.65			4.47			—			(8.65	)		(8.65	)		34.57		11.18			20,495		1.16			1.16			(0.48	)		109

For the Year Ended December 31, 2014
IA	$	40.58	$	0.06		$	5.31		$	5.37		$	(0.07	)	$	(7.00	)	$	(7.07	)	$	38.88		14.14	%	$	1,203,366		0.64	%		0.64	%		0.16	%		145	%⁽⁹⁾
IB		39.79		(0.04	)		5.18			5.14			—			(7.00	)		(7.00	)		37.93		13.82			160,040		0.89			0.89			(0.11	)		145	⁽⁹⁾
IC⁽⁴⁾		40.23		(0.10	)		5.69			5.59			(0.07	)		(7.00	)		(7.07	)		38.75		14.79	⁽⁵⁾		1,717		1.14	⁽⁶⁾		1.14	⁽⁶⁾		(0.37	)⁽⁶⁾		145	⁽⁹⁾

Hartford Healthcare HLS Fund

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

For the Year Ended December 31, 2014
IA	$	25.67	$	0.01		$	6.75		$	6.76		$	(0.07	)	$	(2.34	)	$	(2.41	)	$	30.02		27.39	%	$	301,580		0.88	%		0.88	%		0.03	%		33	%
IB		25.07		(0.06	)		6.57			6.51			(0.01	)		(2.34	)		(2.35	)		29.23		27.00			60,413		1.13			1.13			(0.22	)		33

Hartford High Yield HLS Fund

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

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


		164

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, 2016
IA	$	7.55	$	0.44		$	0.62		$	1.06		$	(0.50	)	$	—		$	(0.50	)	$	8.11		14.25	%	$	244,212		0.79	%		0.79	%		5.52	%		41	%
IB		7.43		0.41			0.62			1.03			(0.48	)		—			(0.48	)		7.98		13.99			77,573		1.04			1.04			5.27			41

For the Year Ended December 31, 2015
IA	$	8.45	$	0.45		$	(0.79	)	$	(0.34	)	$	(0.56	)	$	—		$	(0.56	)	$	7.55		(4.30	)%	$	251,313		0.76	%		0.76	%		5.40	%		34	%
IB		8.32		0.42			(0.77	)		(0.35	)		(0.54	)		—			(0.54	)		7.43		(4.56	)		77,013		1.01			1.01			5.15			34

For the Year Ended December 31, 2014
IA	$	8.90	$	0.47		$	(0.22	)	$	0.25		$	(0.70	)	$	—		$	(0.70	)	$	8.45		2.58	%	$	321,650		0.75	%		0.75	%		5.28	%		39	%
IB		8.77		0.44			(0.22	)		0.22			(0.67	)		—			(0.67	)		8.32		2.31			105,579		1.00			1.00			5.02			39

Hartford International Opportunities HLS Fund

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

For the Year Ended December 31, 2014
IA	$	15.03	$	0.19		$	(0.75	)	$	(0.56	)	$	(0.34	)	$	—		$	(0.34	)	$	14.13		(3.87	)%	$	1,239,946		0.73	%		0.73	%		1.30	%		90	%
IB		15.20		0.15			(0.76	)		(0.61	)		(0.30	)		—			(0.30	)		14.29		(4.14	)		189,053		0.98			0.98			1.02			90

Hartford MidCap HLS Fund

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

For the Year Ended December 31, 2014
IA	$	37.87	$	0.04		$	4.22		$	4.26		$	(0.04	)	$	(4.81	)	$	(4.85	)	$	37.28		11.37	%	$	1,669,393		0.70	%		0.70	%		0.10	%		42	%
IB		37.52		(0.06	)		4.18			4.12			—			(4.81	)		(4.81	)		36.83		11.09			83,562		0.95			0.95			(0.15	)		42

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 MidCap Growth HLS Fund

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

For the Year Ended December 31, 2016
IA	$	7.45	$	0.09		$	1.09		$	1.18		$	(0.11	)	$	(0.49	)	$	(0.60	)	$	8.03		16.48	%	$	87,752		0.92	%		0.92	%		1.25	%		96	%
IB		7.40		0.07			1.09			1.16			(0.08	)		(0.49	)		(0.57	)		7.99		16.33			17,125		1.17			1.17			1.01			96

For the Year Ended December 31, 2015
IA	$	9.47	$	0.12		$	(0.46	)	$	(0.34	)	$	(0.12	)	$	(1.56	)	$	(1.68	)	$	7.45		(4.73	)%	$	79,379		0.88	%		0.88	%		1.39	%		80	%
IB		9.41		0.10			(0.46	)		(0.36	)		(0.09	)		(1.56	)		(1.65	)		7.40		(4.97	)		16,501		1.13			1.13			1.12			80

For the Year Ended December 31, 2014
IA	$	11.29	$	0.13		$	0.43		$	0.56		$	(0.18	)	$	(2.20	)	$	(2.38	)	$	9.47		5.22	%	$	98,069		0.85	%		0.85	%		1.20	%		108	%
IB		11.22		0.10			0.44			0.54			(0.15	)		(2.20	)		(2.35	)		9.41		5.00			23,239		1.10			1.10			0.96			108

Hartford MidCap Value HLS Fund

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

For the Year Ended December 31, 2014
IA	$	15.51	$	0.09		$	1.19		$	1.28		$	(0.11	)	$	(2.08	)	$	(2.19	)	$	14.60		8.22	%	$	345,084		0.84	%		0.84	%		0.60	%		31	%
IB		15.42		0.05			1.18			1.23			(0.07	)		(2.08	)		(2.15	)		14.50		7.91			110,819		1.09			1.09			0.35			31

Hartford Small Cap Growth HLS Fund

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

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 Small Cap Growth HLS Fund – (continued)

For the Year Ended December 31, 2014
IA	$	32.60	$	0.06		$	1.48		$	1.54		$	(0.02	)	$	(6.17	)	$	(6.19	)	$	27.95		5.83	%	$	557,200		0.65	%		0.65	%		0.19	%		117	%
IB		32.17		(0.02	)		1.46			1.44			—			(6.17	)		(6.17	)		27.44		5.57			115,230		0.90			0.90			(0.06	)		117

Hartford Small Company HLS Fund

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

For the Year Ended December 31, 2017
IA	$	16.16	$	(0.06	)	$	4.32		$	4.26		$	—		$	—		$	—		$	20.42		26.36	%	$	551,010		0.78	%		0.78	%		(0.33	)%		107	%
IB		15.05		(0.10	)		4.02			3.92			—			—			—			18.97		26.05			57,193		1.03			1.03			(0.58	)		107

For the Year Ended December 31, 2016
IA	$	17.52	$	(0.01	)	$	0.33	⁽⁸⁾	$	0.32		$	—		$	(1.68	)	$	(1.68	)	$	16.16		2.04	%	$	834,044		0.76	%		0.76	%		(0.08	)%		94	%
IB		16.47		(0.05	)		0.31	⁽⁸⁾		0.26			—			(1.68	)		(1.68	)		15.05		1.81			73,108		1.01			1.01			(0.34	)		94

For the Year Ended December 31, 2015
IA	$	23.33	$	(0.02	)	$	(1.43	)	$	(1.45	)	$	—		$	(4.36	)	$	(4.36	)	$	17.52		(8.21	)%	$	1,117,778		0.71	%		0.71	%		(0.11	)%		88	%
IB		22.24		(0.07	)		(1.34	)		(1.41	)		—			(4.36	)		(4.36	)		16.47		(8.45	)		98,501		0.96			0.96			(0.36	)		88

For the Year Ended December 31, 2014
IA	$	26.43	$	(0.09	)	$	1.78		$	1.69		$	—		$	(4.79	)	$	(4.79	)	$	23.33		7.07	%	$	1,279,533		0.71	%		0.71	%		(0.35	)%		90	%
IB		25.46		(0.15	)		1.72			1.57			—			(4.79	)		(4.79	)		22.24		6.85			123,799		0.96			0.96			(0.60	)		90

Hartford Stock HLS Fund

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

For the Year Ended December 31, 2014
IA	$	58.07	$	1.07		$	5.51		$	6.58		$	(1.16	)	$	—		$	(1.16	)	$	63.49		11.31	%	$	1,552,777		0.50	%		0.50	%		1.79	%		20	%
IB		58.04		0.92			5.50			6.42			(1.00	)		—			(1.00	)		63.46		11.04			182,112		0.75			0.75			1.54			20

Hartford Total Return Bond HLS Fund

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

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 Total Return Bond HLS Fund – (continued)

For the Year Ended December 31, 2016
IA	$	10.93	$	0.36	$	0.13		$	0.49		$	(0.29	)	$	(0.04	)	$	(0.33	)	$	11.09		4.49	%	$	2,244,505		0.52	%		0.52	%		3.16	%		36	%
IB		10.87		0.33		0.13			0.46			(0.26	)		(0.04	)		(0.30	)		11.03		4.22			262,187		0.77			0.77			2.91			36

For the Year Ended December 31, 2015
IA	$	11.63	$	0.33	$	(0.39	)	$	(0.06	)	$	(0.36	)	$	(0.28	)	$	(0.64	)	$	10.93		(0.59	)%	$	2,448,280		0.51	%		0.51	%		2.88	%		66	%
IB		11.56		0.30		(0.39	)		(0.09	)		(0.32	)		(0.28	)		(0.60	)		10.87		(0.81	)		295,006		0.76			0.76			2.63			66

For the Year Ended December 31, 2014
IA	$	11.35	$	0.33	$	0.34		$	0.67		$	(0.39	)	$	—		$	(0.39	)	$	11.63		5.89	%	$	2,879,633		0.50	%		0.50	%		2.85	%		84	%
IB		11.27		0.30		0.34			0.64			(0.35	)		—			(0.35	)		11.56		5.68			360,006		0.75			0.75			2.60			84

Hartford Ultrashort Bond HLS Fund

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	$	—	⁽⁸⁾	$	0.10		$	(0.08	)	$	—		$	(0.08	)	$	10.06		1.01	%	$	460,643		0.45	%		0.45	%		1.00	%		60	%
IB		10.02		0.07		0.01	⁽⁸⁾		0.08			(0.05	)		—			(0.05	)		10.05		0.80			65,424		0.70			0.70			0.75			60

For the Year Ended December 31, 2016
IA	$	9.99	$	0.06	$	0.04		$	0.10		$	(0.05	)	$	—		$	(0.05	)	$	10.04		0.97	%	$	533,091		0.45	%		0.45	%		0.61	%		51	%
IB		9.97		0.04		0.02			0.06			(0.01	)		—			(0.01	)		10.02		0.64			78,658		0.70			0.70			0.35			51

For the Year Ended December 31, 2015
IA	$	10.01	$	0.03	$	(0.02	)	$	0.01		$	(0.03	)	$	—		$	(0.03	)	$	9.99		0.13	%	$	611,087		0.43	%		0.43	%		0.33	%		35	%
IB		9.98		0.01		(0.02	)		(0.01	)		—			—			—			9.97		(0.09	)		96,970		0.68			0.68			0.08			35

For the Year Ended December 31, 2014
IA	$	10.00	$	0.02	$	(0.01	)	$	0.01		$	—		$	—		$	—		$	10.01		0.10	%	$	745,597		0.43	%		0.43	%		0.23	%		40	%
IB		9.99		—		(0.01	)		(0.01	)		—			—			—			9.98		(0.10	)		121,168		0.68			0.68			(0.02	)		40

Hartford U.S. Government Securities HLS Fund

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	)⁽⁸⁾	$	0.16		$	(0.20	)	$	—		$	(0.20	)	$	10.30		1.54	%	$	368,740		0.51	%		0.51	%		1.67	%		81	%
IB		10.32		0.15		(0.02	)⁽⁸⁾		0.13			(0.17	)		—			(0.17	)		10.28		1.27			79,489		0.76			0.76			1.42			81

For the Year Ended December 31, 2015
IA	$	10.37	$	0.16	$	—		$	0.16		$	(0.19	)	$	—		$	(0.19	)	$	10.34		1.56	%	$	412,060		0.49	%		0.49	%		1.53	%		42	%
IB		10.34		0.13		0.01			0.14			(0.16	)		—			(0.16	)		10.32		1.35			90,088		0.74			0.74			1.28			42

For the Year Ended December 31, 2014
IA	$	10.32	$	0.15	$	0.14		$	0.29		$	(0.24	)	$	—		$	(0.24	)	$	10.37		2.81	%	$	468,967		0.48	%		0.48	%		1.40	%		37	%
IB		10.28		0.12		0.15			0.27			(0.21	)		—			(0.21	)		10.34		2.59			102,235		0.73			0.73			1.15			37

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 Value HLS Fund

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

For the Year Ended December 31, 2014
IA	$	15.39	$	0.24	$	1.51		$	1.75		$	(0.25	)	$	—		$	(0.25	)	$	16.89		11.37	%	$	523,661		0.77	%		0.77	%		1.51	%		14	%
IB		15.38		0.20		1.51			1.71			(0.21	)		—			(0.21	)		16.88		11.10			98,407		1.02			1.02			1.26			14

⁽¹⁾	Information presented relates to a share outstanding throughout the indicated period. Net investment income (loss) per share amounts are calculated based on average shares outstanding unless otherwise noted.

⁽²⁾	The figures do not include sales charges or other fees which may be applied at the variable contract level or by a qualified pension or retirement plan. Any such additional sales charges or other fees would lower the Fund’s performance.

⁽³⁾	Adjustments include waivers and reimbursements, if applicable. Ratios do not include fees paid indirectly (see Expenses in the accompanying Notes to Financial Statements).

⁽⁴⁾	Commenced operations on April 30, 2014.

⁽⁵⁾	Not annualized.

⁽⁶⁾	Annualized.

⁽⁷⁾	During the year ended December 31, 2014, the Fund incurred $61.8 million in sales associated with the transition of assets from Hartford Global Research HLS Fund, which merged into the Fund on June 23, 2014. These sales were excluded from the portfolio turnover rate calculation.

⁽⁸⁾	Per share amount was not in accord with the net realized and unrealized gain (loss) for the period because of the timing of transactions in shares of the Fund and the amount and timing of per-share net realized and unrealized gain (loss) on such shares.

⁽⁹⁾	During the year ended December 31, 2014, the Fund incurred $137.9 million in sales associated with the transition of assets from Hartford Growth HLS Fund, which merged into the Fund on June 23, 2014. These sales were excluded from the portfolio turnover rate calculation.

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


		169

Hartford HLS Funds

Notes to Financial Statements

December 31, 2018

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, 2018. 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”) (formerly, Hartford Small/Mid Cap Equity 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, except Balanced HLS Fund, Capital Appreciation HLS Fund, Dividend and Growth HLS Fund, Global Growth HLS Fund, Growth Opportunities HLS Fund, International Opportunities HLS Fund, MidCap HLS Fund, MidCap Growth HLS Fund and Stock HLS, is divided into Class IA and Class IB shares. Balanced HLS Fund, Capital Appreciation HLS Fund, Dividend and Growth HLS Fund, Global Growth HLS Fund, Growth Opportunities HLS Fund, International Opportunities HLS Fund, MidCap HLS Fund, MidCap Growth HLS Fund and Stock HLS Fund are divided into Class IA, Class IB and Class IC shares. Class IC shares have not commenced operations for Balanced HLS Fund, Dividend and Growth HLS Fund, Global Growth HLS Fund, International Opportunities HLS Fund, MidCap HLS Fund, MidCap Growth HLS and Stock HLS Fund as of the date of this report. 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.


		170

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018

Determination of Net Asset Value – The NAV of each class of each Fund’s shares is determined as of the close of regular trading (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the New York Stock Exchange (the “Exchange”) is open (“Valuation Date”). Information that becomes known to the Funds after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

Investment Valuation and Fair Value Measurements – For purposes of calculating the NAV of each 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 the Directors of each 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.


		171

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018

U.S. GAAP defines fair value as the price that a Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of each Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are:

•

Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

•

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

•

Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Directors 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.

Level 3 Holdings on December 31, 2018

Quantitative Information about Level 3 Fair Value Measurements:


Hartford Growth Opportunities HLS Fund
Security Type / Valuation Technique*	Unobservable Input	Input Value(s) Range		Fair Value at December 31, 2018

Common Stock
Cost	Trade Price		$2.55 to $150.00	$	14,233,722
Model	EV/Estimated Revenue		3.1x		219,365
Model	Price/Earnings		17.5x		1,793,095

Preferred Stock
Model	EV/Estimated Revenue		1.2x to 5.7x		10,774,226
Model	EV/EBITDA		7.5x		2,096,503
Cost	Trade Price		$5.70 to $62.01		51,666,244

Convertible Preferred Stock
Model	EV/Estimated Revenue		2.3x		3,167,321

Escrows
Cost	Trade Price		$0 to $2.25		267,585

Total				$	84,218,061


		172

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018


Hartford Small Company HLS Fund
Security Type / Valuation Technique*	Unobservable Input	Input Value(s) Range		Fair Value at December 31, 2018

Common Stock
Cost	Trade Price		$2.55 to $55.69	$	4,719,392
Model	EV/EBITDA		5.8x		1,053,444

Preferred Stock
Model	EV/Estimated Revenue		1.2x to 2.3x		6,821,907

Escrow
Cost	Trade Price		$0.54 to $2.25		178,845

Total				$	12,773,588

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.

Investment Transactions and Investment Income – Investment transactions are recorded as of the trade date (the date the order to buy or sell is executed) for financial reporting purposes. Investments purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after the trade date. Realized gains and losses are determined on the basis of identified cost.

Trade date for senior floating rate interests purchased in the primary loan market is considered the date on which the loan allocations are determined. Trade date for senior floating rate interests purchased in the secondary loan market is the date on which the transaction is entered into.

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, a Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available. Interest income, including amortization of premium, accretion of discounts, inflation adjustments and additional principal received in-kind in lieu of cash, is accrued on a daily basis. Paydown gains and losses on mortgage-related and other asset-backed securities are included in interest income in the Statements of Operations, as applicable.

Please refer to Note 8 for Securities Lending Information.

Taxes – A Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which such a Fund invests. A Fund may also be subject to taxes withheld on foreign dividends and interest from securities in which the Fund invests. The amount of any foreign taxes withheld and foreign tax expense is included on the accompanying Statements of Operations as a reduction to investment income or net realized gain on investments in these securities, if applicable.

Foreign Currency Transactions – Assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the Valuation Date. Purchases and sales of investments, income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions.

A Fund does not isolate that portion of portfolio investment valuation resulting from fluctuations in the foreign currency exchange rates from the fluctuations arising from changes in the market prices of investments held. Exchange rate fluctuations are included with the net realized and unrealized gain or loss on investments in the accompanying financial statements.

Net realized foreign exchange gains or losses arise from sales of foreign currencies and the difference between asset and liability amounts initially stated in foreign currencies and the U.S. dollar value of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of other assets and liabilities at the end of the reporting period, resulting from changes in the exchange rates.

Joint Trading Account – A Fund may invest cash balances into a joint trading account that may be invested in one or more repurchase agreements.

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for each 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 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 .


		173

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018

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 Fund is not open for business, are priced at the next determined NAV.

Dividends are declared pursuant to a policy adopted by each 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).

Disclosure Update and Simplification – Per the SEC Release #33-10532 “Disclosure Update and Simplification”, it is no longer required to differentiate distributions from earnings as either net investment income or net realized capital gains or disclose a Fund’s undistributed net investment income within a Fund’s Statement of Changes in Net Assets. The presentation within a Fund’s Statement of Changes in Net Assets for the year ended December 31, 2017 has been modified accordingly.

Below is the characterization of each Fund’s distributions for the year ended December 31, 2017 as previously disclosed in the Statements of Changes in Net Assets within the December 31, 2017 Annual Report:


	Distributions to Shareholders Year Ended December 31, 2017:
	From net investment income
Fund	Class IA			Class IB			Class IC			Total
Balanced HLS Fund	$	(47,464,119	)	$	(5,534,060	)	$	—		$	(52,998,179	)
Capital Appreciation HLS Fund		(47,670,675	)		(4,773,231	)		(188,398	)		(52,632,304	)
Disciplined Equity HLS Fund		(5,455,397	)		(551,499	)		—			(6,006,896	)
Dividend and Growth HLS Fund		(50,138,723	)		(5,905,716	)		—			(56,044,439	)
Global Growth HLS Fund		(2,060,335	)		(217,828	)		—			(2,278,163	)
Growth Opportunities HLS Fund		—			—			—			—
Healthcare HLS Fund		(3,196	)		—			—			(3,196	)
High Yield HLS Fund		(14,107,895	)		(4,345,488	)		—			(18,453,383	)
International Opportunities HLS Fund		(19,083,304	)		(1,824,269	)		—			(20,907,573	)
MidCap HLS Fund		—			—			—			—
MidCap Growth HLS Fund		(703,323	)		(87,957	)		—			(791,280	)
MidCap Value HLS Fund		(1,563,056	)		(264,904	)		—			(1,827,960	)
Small Cap Growth HLS Fund		(446,628	)		—			—			(446,628	)
Small Company HLS Fund		—			—			—			—
Stock HLS Fund		(23,707,000	)		(2,111,519	)		—			(25,818,519	)
Total Return Bond HLS Fund		(64,104,099	)		(6,840,084	)		—			(70,944,183	)
Ultrashort Bond HLS Fund		(3,863,181	)		(353,222	)		—			(4,216,403	)
U.S. Government Securities HLS Fund		(7,516,833	)		(1,395,249	)		—			(8,912,082	)
Value HLS Fund		(7,642,825	)		(1,096,859	)		—			(8,739,684	)

	From net realized gains
Fund	Class IA			Class IB			Class IC			Total
Balanced HLS Fund	$	—		$	—		$	—		$	—
Capital Appreciation HLS Fund		(232,329,918	)		(30,241,181	)		(1,534,584	)		(264,105,683	)
Disciplined Equity HLS Fund		(63,822,541	)		(8,899,981	)		—			(72,722,522	)
Dividend and Growth HLS Fund		(211,321,994	)		(29,746,780	)		—			(241,068,774	)
Global Growth HLS Fund		(18,738,294	)		(3,764,027	)		—			(22,502,321	)
Growth Opportunities HLS Fund		(16,106,762	)		(1,881,415	)		(403,653	)		(18,391,830	)
Healthcare HLS Fund		(42,554,097	)		(7,184,474	)		—			(49,738,571	)
High Yield HLS Fund		—			—			—			—
International Opportunities HLS Fund		—			—			—			—
MidCap HLS Fund		(94,658,887	)		(5,084,893	)		—			(99,743,780	)
MidCap Growth HLS Fund		(2,584,547	)		(462,535	)		—			(3,047,082	)
MidCap Value HLS Fund		(18,745,883	)		(5,766,845	)		—			(24,512,728	)
Small Cap Growth HLS Fund		—			—			—			—
Small Company HLS Fund		—			—			—			—
Stock HLS Fund		—			—			—			—
Total Return Bond HLS Fund		—			—			—			—
Ultrashort Bond HLS Fund		—			—			—			—
U.S. Government Securities HLS Fund		—			—			—			—
Value HLS Fund		(31,542,050	)		(5,401,252	)		—			(36,943,302	)


		174

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Notes to Financial Statements – (continued)

December 31, 2018

Below is the Undistributed (Distributions in excess of) Net Investment Income for the year ended December 31, 2017 as previously disclosed in the Statements of Changes in Net Assets within the December 31, 2017 Annual Report:


Fund	Undistributed (Distributions in excess of) Net Investment Income
Balanced HLS Fund	$	975,147
Capital Appreciation HLS Fund		3,396,603
Disciplined Equity HLS Fund		490,218
Dividend and Growth HLS Fund		4,161,698
Global Growth HLS Fund		2,472,553
Growth Opportunities HLS Fund		(1,183,092	)
Healthcare HLS Fund		(135,601	)
High Yield HLS Fund		16,495,652
International Opportunities HLS Fund		26,985,652
MidCap HLS Fund		(201,237	)
MidCap Growth HLS Fund		923,002
MidCap Value HLS Fund		1,237,586
Small Cap Growth HLS Fund		—
Small Company HLS Fund		—
Stock HLS Fund		893,471
Total Return Bond HLS Fund		89,462,062
Ultrashort Bond HLS Fund		5,554,675
U.S. Government Securities HLS Fund		8,420,308
Value HLS Fund		—

3.	Securities and Other Investments:

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.

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, 2018.

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, 2018.

Senior Floating Rate Interests – Certain Funds may invest in senior floating rate interests. Senior floating rate interests generally hold the most senior position in the capital structure of a business entity (the “Borrower”), are typically secured by specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to that held by subordinated debtholders and stockholders of the Borrower. Senior floating rate interests are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the senior floating rate interest. A Fund may invest in multiple series or tranches of a senior floating rate interest, which may have varying terms and carry different associated risks. A Fund may also enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments may include revolving credit facilities, which may obligate the Fund to supply additional cash to the Borrower on demand. Unfunded loan commitments represent a future obligation in full. A Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a senior floating rate interest. In certain circumstances, a Fund may receive various fees upon the restructure of a senior floating rate interest by a borrower. Fees earned/paid may be recorded as a component of income or realized gain/loss in the Statements of Operations.


		175

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December 31, 2018

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, 2018.

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, 2018.

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, 2018.

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.

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, 2018, Capital Appreciation HLS Fund, High Yield HLS Fund and Total Return Bond HLS Fund had used Foreign Currency Contracts.

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


		176

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Notes to Financial Statements – (continued)

December 31, 2018

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, 2018, Balanced HLS Fund, Capital Appreciation HLS Fund, Total Return Bond HLS Fund and U.S. Government Securities HLS Fund had used Futures Contracts.

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Option contracts are either OTC options or executed in a registered exchange (“exchange-traded options”). A Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as a Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will segregate or earmark cash or other liquid investments having, for written call options, a value equal to the greater of the exercise price or the market value of the underlying instrument and, for written put options, a value equal to the exercise price. Writing put options may increase a Fund’s exposure to the underlying instrument. Writing call options may decrease a Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are 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, 2018, Total Return Bond HLS Fund and U.S. Government Securities HLS Fund had used Options Contracts.

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).


		177

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018

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.

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, 2018, 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, 2018, 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


		178

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018

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 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, 2018, Total Return Bond HLS Fund had used Total Return Swap Contracts.

Additional Derivative Instrument Information:

Balanced HLS Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2018:


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on futures contracts⁽¹⁾	$	263,466	$	—	$	—	$	—	$	—	$	—	$	263,466

Total	$	263,466	$	—	$	—	$	—	$	—	$	—	$	263,466

Liabilities:
Unrealized depreciation on futures contracts⁽¹⁾	$	85,351	$	—	$	—	$	—	$	—	$	—	$	85,351

Total	$	85,351	$	—	$	—	$	—	$	—	$	—	$	85,351

⁽¹⁾

Amount represents the cumulative appreciation (depreciation) on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities.

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2018


	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	$	2,257,919		$	—	$	—	$	—	$	—	$	—	$	2,257,919

Total	$	2,257,919		$	—	$	—	$	—	$	—	$	—	$	2,257,919


Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of futures contracts	$	(10,187	)	$	—	$	—	$	—	$	—	$	—	$	(10,187	)

Total	$	(10,187	)	$	—	$	—	$	—	$	—	$	—	$	(10,187	)

For the year ended December 31, 2018, 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		349
Futures Contracts Short at Number of Contracts		(212	)


		179

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018

Capital Appreciation HLS Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2018:


	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⁾	$	—	$	—	$	—	$	2,656,926	$	—	$	—	$	2,656,926
Unrealized depreciation on foreign currency contracts		—		345,582		—		—		—		—		345,582

Total	$	—	$	345,582	$	—	$	2,656,926	$	—	$	—	$	3,002,508

⁽¹⁾

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2018


	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	$	—	$	—		$	—	$	(3,280,817	)	$	—	$	—	$	(3,280,817	)
Net realized gain (loss) on foreign currency contracts		—		627,283			—		—			—		—		627,283

Total	$	—	$	627,283		$	—	$	(3,280,817	)	$	—	$	—	$	(2,653,534	)


Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of futures contracts	$	—	$	—		$	—	$	(2,656,926	)	$	—	$	—	$	(2,656,926	)
Net change in unrealized appreciation (depreciation) of foreign currency contracts		—		(115,379	)		—		—			—		—		(115,379	)

Total	$	—	$	(115,379	)	$	—	$	(2,656,926	)	$	—	$	—	$	(2,772,305	)

For the year ended December 31, 2018, 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		406
Foreign Currency Contracts Purchased at Contract Amount	$	6,116,812
Foreign Currency Contracts Sold at Contract Amount	$	18,950,069

High Yield HLS Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2018:


	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	$	—	$	15,850	$	—	$	—	$	—	$	—	$	15,850

Total	$	—	$	15,850	$	—	$	—	$	—	$	—	$	15,850


		180

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018

High Yield HLS Fund – (continued)

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2018


	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	$	—	$	311,327	$	—	$	—	$	—	$	—	$	311,327

Total	$	—	$	311,327	$	—	$	—	$	—	$	—	$	311,327


Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of foreign currency contracts	$	—	$	76,393	$	—	$	—	$	—	$	—	$	76,393

Total	$	—	$	76,393	$	—	$	—	$	—	$	—	$	76,393

For the year ended December 31, 2018, the average amount or number per contract outstanding for each derivative type was as follows:


Derivative Description	Average Notional Par, Contracts or Face Amount
Foreign Currency Contracts Purchased at Contract Amount	$	3,465,145
Foreign Currency Contracts Sold at Contract Amount	$	5,526,672

Total Return Bond HLS Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2018:


	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	$	5,142,116	$	—	$	—	$	—	$	—	$	—	$	5,142,116
Unrealized appreciation on futures contracts⁽¹⁾		10,417,071		—		—		—		—		—		10,417,071
Unrealized appreciation on foreign currency contracts		—		124,519		—		—		—		—		124,519
Unrealized appreciation on swap contracts⁽²⁾		1,846,814		—		616,982		—		—		—		2,463,796

Total	$	17,406,001	$	124,519	$	616,982	$	—	$	—	$	—	$	18,147,502


Liabilities:
Unrealized depreciation on futures contracts⁽¹⁾	$	4,306,776	$	—	$	—	$	—	$	—	$	—	$	4,306,776
Unrealized depreciation on foreign currency contracts		—		43,270		—		—		—		—		43,270
Written options, market value		902,699		—		—		—		—		—		902,699
Unrealized depreciation on swap contracts⁽²⁾		2,795,937		—		4,858,513		—		—		—		7,654,450

Total	$	8,005,412	$	43,270	$	4,858,513	$	—	$	—	$	—	$	12,907,195

⁽¹⁾

⁽²⁾

Amount represents the cumulative appreciation (depreciation) on centrally cleared swaps, if applicable, as disclosed within the Schedule of Investments. Only the current day’s variation margin, if any, are reported within the Statement of Assets and Liabilities. OTC swaps are reported within the Statement of Assets and Liabilities within Unrealized appreciation (depreciation) on OTC swap contracts, if applicable.


		181

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018

Total Return Bond HLS Fund – (continued)

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2018


	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	$	385,075		$	—		$	—		$	—	$	—	$	—	$	385,075
Net realized gain (loss) on futures contracts		(23,920,328	)		—			—			—		—		—		(23,920,328	)
Net realized gain (loss) on written options contracts		1,094,667			—			—			—		—		—		1,094,667
Net realized gain (loss) on swap contracts		2,579,675			—			(424,400	)		—		—		—		2,155,275
Net realized gain (loss) on foreign currency contracts		—			(854,578	)		—			—		—		—		(854,578	)

Total	$	(19,860,911	)	$	(854,578	)	$	(424,400	)	$	—	$	—	$	—	$	(21,139,889	)


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	$	(908,053	)	$	—		$	—		$	—	$	—	$	—	$	(908,053	)
Net change in unrealized appreciation (depreciation) of futures contracts		7,758,743			—			—			—		—		—		7,758,743
Net change in unrealized appreciation (depreciation) of written options contracts		(224,937	)		—			—			—		—		—		(224,937	)
Net change in unrealized appreciation (depreciation) of swap contracts		(1,184,113	)		—			(1,167,466	)		—		—		—		(2,351,579	)
Net change in unrealized appreciation (depreciation) of foreign currency contracts		—			562,943			—			—		—		—		562,943

Total	$	5,441,640		$	562,943		$	(1,167,466	)	$	—	$	—	$	—	$	4,837,117

For the year ended December 31, 2018, 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		173,410,500
Futures Contracts Long at Number of Contracts		4,142
Futures Contracts Short at Number of Contracts		(1,679	)
Written Options Contracts at Number of Contracts		(371,897,286	)
Swap Contracts at Notional Amount	$	437,132,812
Foreign Currency Contracts Purchased at Contract Amount	$	5,552,815
Foreign Currency Contracts Sold at Contract Amount	$	29,106,448

U.S. Government Securities HLS Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2018:


	Risk Exposure Category
	Interest Rate Contracts		Foreign Exchange Contracts		Credit Contracts		Equity Contracts		Commodity Contracts		Other Contracts		Total
Assets:
Unrealized appreciation on futures contracts⁽¹⁾	$	2,293,026	$	—	$	—	$	—	$	—	$	—	$	2,293,026
Unrealized appreciation on swap contracts⁽²⁾		202,330		—		—		—		—		—		202,330

Total	$	2,495,356	$	—	$	—	$	—	$	—	$	—	$	2,495,356


Liabilities:
Unrealized depreciation on futures contracts⁽¹⁾	$	660,984	$	—	$	—	$	—	$	—	$	—	$	660,984
Unrealized depreciation on swap contracts⁽²⁾		548,362		—		—		—		—		—		548,362

Total	$	1,209,346	$	—	$	—	$	—	$	—	$	—	$	1,209,346

⁽¹⁾

⁽²⁾


		182

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018

U.S. Government Securities HLS Fund – (continued)

The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2018


	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	$	(3,417,130	)	$	—	$	—		$	—	$	—	$	—	$	(3,417,130	)
Net realized gain (loss) on written options contracts		(96,204	)		—		—			—		—		—		(96,204	)
Net realized gain (loss) on swap contracts		1,089,615			—		51,337			—		—		—		1,140,952

Total	$	(2,423,719	)	$	—	$	51,337		$	—	$	—	$	—	$	(2,372,382	)


Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:
Net change in unrealized appreciation (depreciation) of futures contracts	$	1,997,765		$	—	$	—		$	—	$	—	$	—	$	1,997,765
Net change in unrealized appreciation (depreciation) of swap contracts		(244,648	)		—		(45,089	)		—		—		—		(289,737	)

Total	$	1,753,117		$	—	$	(45,089	)	$	—	$	—	$	—	$	1,708,028

For the year ended December 31, 2018, 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		843
Futures Contracts Short at Number of Contracts		(241	)
Written Options Contracts at Number of Contracts		(240	)
Swap Contracts at Notional Amount	$	35,301,083

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 a 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, 2018:

Balanced HLS Fund


Derivative Financial Instruments:	Assets			Liabilities
Futures contracts	$	263,466		$	(85,351	)

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		263,466			(85,351	)

Derivatives not subject to a MNA		(263,466	)		85,351

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	$	—	$	(345,582	)
Futures contracts		—		(2,656,926	)

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		—		(3,002,508	)

Derivatives not subject to a MNA		—		2,656,926

Total gross amount of assets and liabilities subject to MNA or similar agreements	$	—	$	(345,582	)


		183

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018

Capital Appreciation HLS Fund – (continued)


Counterparty	Gross Amount of Liabilities			Financial Instruments and Derivatives Available for Offset		Non-cash Collateral Pledged*		Cash Collateral Pledged*		Net Amount of Liabilities
Banc of America Securities LLC	$	(60,930	)	$	—	$	—	$	—	$	(60,930	)
Barclays		(284,652	)		—		—		—		(284,652	)

Total	$	(345,582	)	$	—	$	—	$	—	$	(345,582	)

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	$	15,850	$	—

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		15,850		—

Derivatives not subject to a MNA		—		—

Total gross amount of assets and liabilities subject to MNA or similar agreements	$	15,850	$	—


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	$	15,850	$	—	$	—	$	—	$	15,850

In some instances, the actual collateral received and/or pledged may be more than the amount shown.

Total Return Bond HLS Fund


Derivative Financial Instruments:	Assets			Liabilities
Foreign currency contracts	$	124,519		$	(43,270	)
Futures contracts		10,417,071			(4,306,776	)
Purchased options		5,142,116			—
Swap contracts		2,463,796			(7,654,450	)
Written options		—			(902,699	)

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		18,147,502			(12,907,195	)

Derivatives not subject to a MNA		(12,305,266	)		7,822,504

Total gross amount of assets and liabilities subject to MNA or similar agreements	$	5,842,236		$	(5,084,691	)


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	$	2,184,120	$	(43,270	)	$	—	$	—	$	2,140,850
Barclays		2,096,500		(84,772	)		—		—		2,011,728
Citibank NA		732,800		—			—		—		732,800
Credit Suisse International		134,856		(134,856	)		—		—		—
Deutsche Bank Securities, Inc.		205,765		(21,924	)		—		—		183,841
Goldman Sachs & Co.		107,598		(107,598	)		—		—		—
Morgan Stanley		380,436		(380,436	)		—		—		—
State Street Global Markets LLC		161		—			—		—		161

Total	$	5,842,236	$	(772,856	)	$	—	$	—	$	5,069,380


		184

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018

Total Return Bond HLS Fund – (continued)



Counterparty	Gross Amount of Liabilities			Financial Instruments and Derivatives Available for Offset		Non-cash Collateral Pledged*		Cash Collateral Pledged*		Net Amount of Liabilities
Banc of America Securities LLC	$	(43,270	)	$	43,270	$	—	$	—	$	—
Barclays		(84,772	)		84,772		—		—		—
Credit Suisse International		(2,484,039	)		134,856		2,349,183		—		—
Deutsche Bank Securities, Inc.		(21,924	)		21,924		—		—		—
Goldman Sachs & Co.		(1,938,941	)		107,598		1,831,343		—		—
JP Morgan Chase & Co.		(87,993	)		—		—		—		(87,993	)
Morgan Stanley		(423,752	)		380,436		43,316		—		—

Total	$	(5,084,691	)	$	772,856	$	4,223,842	$	—	$	(87,993	)

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	$	2,293,026		$	(660,984	)
Swap contracts		202,330			(548,362	)

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities		2,495,356			(1,209,346	)

Derivatives not subject to a MNA		(2,495,356	)		1,209,346

Total gross amount of assets and liabilities subject to MNA or similar agreements	$	—		$	—

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 statutory 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.


		185

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018

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:

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, 2018. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies (“PFICs”), Real Estate Investment Trusts (“REITs”), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by each Fund.

Distributions and Components of Distributable Earnings – The tax character of distributions paid by each Fund for the years ended December 31, 2018 and December 31, 2017 are as follows (as adjusted for dividends payable, if applicable):


	For the Year Ended December 31, 2018				For the Year Ended December 31, 2017
Fund	Ordinary Income		Long-Term Capital Gains		Ordinary Income		Long-Term Capital Gains
Balanced HLS Fund	$	49,937,858	$	89,763,845	$	52,998,179	$	—
Capital Appreciation HLS Fund		155,684,592		357,773,863		256,975,919		59,762,068
Disciplined Equity HLS Fund		10,105,656		57,940,779		13,006,932		65,722,486
Dividend and Growth HLS Fund		62,479,436		354,664,659		74,944,481		222,168,732
Global Growth HLS Fund		4,474,845		41,743,435		2,278,163		22,502,321
Growth Opportunities HLS Fund		87,935,173		121,869,097		—		18,391,830
Healthcare HLS Fund		6,465,231		13,897,527		3,196		49,738,571
High Yield HLS Fund		16,383,413		—		18,453,383		—
International Opportunities HLS Fund		26,985,679		—		20,907,573		—
MidCap HLS Fund		18,326,031		193,154,481		32,145,069		67,598,711
MidCap Growth HLS Fund		745,839		8,559,025		791,280		3,047,082
MidCap Value HLS Fund		3,997,177		22,842,554		1,827,960		24,512,728
Small Cap Growth HLS Fund		—		83,609,724		446,623		5
Small Company HLS Fund		—		41,270,164		—		—
Stock HLS Fund		21,980,653		—		25,818,519		—
Total Return Bond HLS Fund		86,216,331		7,769,724		70,944,183		—
Ultrashort Bond HLS Fund		5,554,707		—		4,216,403		—
U.S. Government Securities HLS Fund		8,467,369		—		8,912,082		—
Value HLS Fund		12,380,863		40,765,988		10,800,129		34,882,857

As of December 31, 2018, 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/ (Depreciation) on Investments			Total Accumulated Earnings (Deficit)
Balanced HLS Fund	$	6,565,802	$	166,914,194	$	—		$	(31,871	)	$	183,283,828		$	356,731,953
Capital Appreciation HLS Fund		28,593,132		412,583,926		—			—			(212,266,007	)		228,911,051
Disciplined Equity HLS Fund		1,481,338		67,970,109		—			—			102,052,652			171,504,099
Dividend and Growth HLS Fund		3,605,282		373,161,325		—			—			564,342,631			941,109,238
Global Growth HLS Fund		6,279,724		64,635,332		—			—			53,690,160			124,605,216
Growth Opportunities HLS Fund		97,646,497		212,417,774		—			—			(26,521,277	)		283,542,994
Healthcare HLS Fund		136,547		28,725,122		—			—			19,026,059			47,887,728
High Yield HLS Fund		15,580,325		—		(13,033,255	)		—			(24,017,546	)		(21,470,476	)
International Opportunities HLS Fund		21,562,059		44,838,605		—			—			(124,546,450	)		(58,145,786	)
MidCap HLS Fund		1,860,144		304,992,892		—			—			134,034,846			440,887,882
MidCap Growth HLS Fund		592,554		16,563,251		—			—			(7,311,157	)		9,844,648


		186

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018


Fund	Undistributed Ordinary Income		Undistributed Long-Term Capital Gains		Accumulated Capital and Other Losses			Other Temporary Differences			Unrealized Appreciation/ (Depreciation) on Investments			Total Accumulated Earnings (Deficit)
MidCap Value HLS Fund	$	527,363	$	38,032,034	$	—		$	—		$	(4,875,485	)	$	33,683,912
Small Cap Growth HLS Fund		47,885,210		169,646,504		—			—			(75,988,681	)		141,543,033
Small Company HLS Fund		14,718,812		96,313,975		—			—			(15,140,054	)		95,892,733
Stock HLS Fund		2,153,822		116,525,483		—			—			223,525,642			342,204,947
Total Return Bond HLS Fund		82,153,618		—		(39,899,100	)		(819,995	)		(42,995,630	)		(1,561,107	)
Ultrashort Bond HLS Fund		8,913,042		—		(849,996	)		—			(1,259,626	)		6,803,420
U.S. Government Securities HLS Fund		8,237,765		—		(32,193,835	)		(347,828	)		(2,853,700	)		(27,157,598	)
Value HLS Fund		1,690,269		42,429,447		—			—			42,665,501			86,785,217

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 expiration of capital loss carryforwards, nondeductible expenses from partnership investments and write-off of net operating losses. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Funds’ distributions may be shown in the accompanying Statements of Changes in Net Assets as from distributable earnings or from capital depending on the type of book and tax differences that exist. For the year ended December 31, 2018, the Funds recorded reclassifications to increase (decrease) the accounts listed below:


Fund	Paid-in-Capital			Distributable Earnings (Loss)
Balanced HLS Fund	$	(9,202	)	$	9,202
Capital Appreciation HLS Fund		(16,287	)		16,287
Dividend and Growth HLS Fund		1			(1	)
Growth Opportunities HLS Fund		(5,329	)		5,329
Healthcare HLS Fund		(2	)		2
High Yield HLS Fund		(1	)		1
International Opportunities HLS Fund		2			(2	)
MidCap HLS Fund		1			(1	)
MidCap Value HLS Fund		(2	)		2
Small Cap Growth HLS Fund		(248,687	)		248,687
Small Company HLS Fund		(522,333	)		522,333
Stock HLS Fund		2,166			(2,166	)
Total Return Bond HLS Fund		(3	)		3
U.S. Government Securities HLS Fund		(58,149,395	)		58,149,395

Tax Basis of Investments – The aggregate cost of investments for federal income tax purposes at December 31, 2018 was substantially the same for book purposes. The net unrealized appreciation/(depreciation) on investments, which consists of gross unrealized appreciation and depreciation, is disclosed below:


Fund	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized (Depreciation)			Net Unrealized Appreciation/ (Depreciation)
Balanced HLS Fund	$	1,761,196,117	$	291,558,417	$	(108,258,166	)	$	183,300,251
Capital Appreciation HLS Fund		4,219,976,392		276,430,587		(488,630,800	)		(212,200,213	)
Disciplined Equity HLS Fund		467,597,240		125,668,608		(23,615,956	)		102,052,652
Dividend and Growth HLS Fund		2,396,690,334		705,974,443		(141,631,904	)		564,342,539
Global Growth HLS Fund		394,418,694		75,795,003		(22,089,204	)		53,705,799
Growth Opportunities HLS Fund		1,394,645,806		119,402,939		(145,913,857	)		(26,510,918	)
Healthcare HLS Fund		269,742,075		56,972,501		(37,946,581	)		19,025,920
High Yield HLS Fund		269,786,413		1,333,846		(25,351,375	)		(24,017,529	)
International Opportunities HLS Fund		1,244,960,749		36,243,797		(160,736,360	)		(124,492,563	)
MidCap HLS Fund		1,686,449,529		297,582,872		(163,548,026	)		134,034,846
MidCap Growth HLS Fund		83,221,936		515,166		(7,826,323	)		(7,311,157	)
MidCap Value HLS Fund		288,599,113		35,109,470		(39,985,730	)		(4,876,260	)
Small Cap Growth HLS Fund		1,230,187,926		95,220,457		(171,209,138	)		(75,988,681	)
Small Company HLS Fund		552,850,207		49,906,371		(65,046,425	)		(15,140,054	)
Stock HLS Fund		1,099,725,570		244,654,118		(21,103,090	)		223,551,028
Total Return Bond HLS Fund		2,898,594,752		28,601,489		(71,576,150	)		(42,974,661	)
Ultrashort Bond HLS Fund		509,739,202		189,349		(1,448,975	)		(1,259,626	)
U.S. Government Securities HLS Fund		365,256,501		3,608,105		(6,461,805	)		(2,853,700	)
Value HLS Fund		368,002,451		73,541,602		(30,871,584	)		42,670,018


		187

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018

Capital Loss Carryforward – At December 31, 2018 (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	$	1,788,416	$	11,244,839
Total Return Bond HLS Fund		18,083,082		21,816,018
Ultrashort Bond HLS Fund		366,065		483,931
U.S. Government Securities HLS Fund		3,622,450		28,571,385

Balanced HLS Fund, Capital Appreciation HLS Fund, Disciplined Equity HLS Fund, Dividend and Growth HLS Fund, Global Growth HLS Fund, Growth Opportunities HLS Fund, Healthcare HLS Fund, International Opportunities HLS Fund, MidCap HLS Fund, MidCap Growth HLS Fund, MidCap Value HLS Fund, Small Cap Growth HLS Fund, Small Company HLS Fund, Stock HLS Fund and Value HLS Fund had no capital loss carryforwards for U.S. federal income tax purposes as of December 31, 2018.

During the fiscal year ended December 31, 2018, the High Yield HLS Fund utilized $2,476,286 of prior year capital loss carryforwards.

During the year ended December 31, 2018, U.S. Government Securities HLS Fund had expired $58,149,395 of prior year capital loss carryforwards.

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, 2018, HFMC had reviewed the open tax years and concluded that there was no reason to record a liability for net unrecognized tax obligations relating to uncertain income tax positions. Each Fund files U.S. tax returns. Although the statute of limitations for examining a Fund’s U.S. tax returns remains open for 3 years, no examination is currently in progress. HFMC is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax obligations will significantly change in the next twelve months.

7.	Expenses:

Investment Management Agreement – HFMC serves as each Fund’s investment manager. Each Company, on behalf of its respective Funds, has entered into an Investment Management Agreement with HFMC. HFMC is an indirect subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”). HFMC has overall investment supervisory responsibility for each Fund. In addition, HFMC provides administrative personnel, services, equipment, facilities and office space for proper operation of each Fund. HFMC has contracted with Wellington Management Company LLP (“Wellington Management”) under a sub-advisory agreement 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, 2018; 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


		188

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018


Fund		Management Fee Rates

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

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


		189

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018


Fund		Management Fee Rates

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% of average daily net assets until December 31, 2018, for the Balanced HLS Fund.

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.

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.

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


		190

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018

non-discounted trade commissions. Such rebates are used to pay a portion of the Funds’ expenses. In addition, the Funds’ custodian bank has agreed to reduce its fees when a Fund maintains cash on deposit in a non-interest-bearing custody account. For the year ended December 31, 2018, these amounts, if any, are included in the Statements of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers reflecting the reduction for fees paid indirectly for the period is as follows:


Fund	Class IA			Class IB			Class IC
Balanced HLS Fund		0.63	%		0.88	%		N/A
Capital Appreciation HLS Fund		0.67	%		0.92	%		1.17	%
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		0.89	%		1.14	%		N/A
High Yield HLS Fund		0.77	%		1.02	%		N/A
International Opportunities HLS Fund		0.73	%		0.98	%		N/A
MidCap HLS Fund		0.69	%		0.94	%		N/A
MidCap Growth HLS Fund		0.91	%		1.16	%		N/A
MidCap Value HLS Fund		0.85	%		1.10	%		N/A
Small Cap Growth HLS Fund		0.64	%		0.89	%		N/A
Small Company HLS Fund		0.78	%		1.03	%		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		0.52	%		0.77	%		N/A
Value HLS Fund		0.71	%		0.96	%		N/A

Distribution Plans for Class IB and Class IC Shares – Hartford Funds Distributors, LLC (“HFD”), an indirect subsidiary of The Hartford, is the principal underwriter and distributor of each Fund. Each Company, on behalf of its respective Funds, has adopted a Distribution Plan pursuant to Rule 12b-1 of the 1940 Act for Class IB shares and each Company, on behalf of certain Funds, has adopted a Distribution Plan pursuant to Rule 12b-1 of the 1940 Act for Class IC shares.

Pursuant to the Class IB Distribution Plans, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets of the Fund attributable to its Class IB shares for distribution financing activities and shareholder account servicing activities. The entire amount of the fee may be used for shareholder servicing expenses and/or distribution expenses. Pursuant to the Class IC Distribution Plans, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets of the Fund attributable to its Class IC shares for distribution financing activities.

Each Board has the authority to suspend or reduce these payments at any point in time. The distribution fees paid during the period can be found on the Statements of Operations. Each Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the respective Company’s Board of Directors may determine.

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.

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, 2018, 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	$	5,004
Capital Appreciation HLS Fund		10,768
Disciplined Equity HLS Fund		1,481
Dividend and Growth HLS Fund		7,593
Global Growth HLS Fund		1,158
Growth Opportunities HLS Fund		3,371
Healthcare HLS Fund		730
High Yield HLS Fund		636
International Opportunities HLS Fund		3,395
Midcap HLS Fund		4,872
MidCap Growth HLS Fund		208
MidCap Value HLS Fund		787


		191

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018


Fund	CCO Compensation Paid by Fund
Small Cap Growth HLS Fund	$	2,941
Small Company HLS Fund		1,359
Stock HLS Fund		3,226
Total Return Bond HLS Fund		5,065
Ultrashort Bond HLS Fund		1,125
U.S. Government Securities HLS Fund		850
Value HLS Fund		1,102

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, 2018, 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

N/A

Capital Appreciation HLS Fund

0.00

Disciplined Equity HLS Fund

0.00

N/A

Dividend and Growth HLS Fund

0.00

N/A

Global Growth HLS Fund

0.00

N/A

Growth Opportunities HLS Fund

0.00

Healthcare HLS Fund

0.00

N/A

High Yield HLS Fund

0.00

N/A

International Opportunities HLS Fund

0.00

N/A

MidCap HLS Fund

0.00

N/A

MidCap Growth HLS Fund

0.01

N/A

MidCap Value HLS Fund

0.00

N/A

Small Cap Growth HLS Fund

0.00

N/A

Small Company HLS Fund

0.00

N/A

Stock HLS Fund

0.00

N/A

Total Return Bond HLS Fund

0.00

N/A

Ultrashort Bond HLS Fund

0.00

N/A

U.S. Government Securities HLS Fund

0.00

N/A

Value HLS Fund

0.00

N/A

Percentage rounds to zero.

8.	Securities Lending:

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 the securities for purposes of voting may not be effective. These events could also trigger adverse tax consequences for the Fund.

At December 31, 2018, the following Funds had securities on loan at market value, cash collateral and non-cash collateral as follows:


Fund	Market Value of Securities on Loan⁽¹⁾		Cash Collateral		Non-Cash Collateral⁽²⁾⁽³⁾
Balanced HLS Fund	$	4,357,478	$	4,505,697	$	—
Capital Appreciation HLS Fund		12,788,151		7,045,118		6,176,088
Dividend and Growth HLS Fund		—		—		36,924	⁽⁴⁾
Global Growth HLS Fund		952,122		955,004		—
Growth Opportunities HLS Fund		7,766,810		7,889,516		—


		192

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018


Fund	Market Value of Securities on Loan⁽¹⁾		Cash Collateral		Non-Cash Collateral⁽²⁾⁽³⁾
Healthcare HLS Fund	$	3,181,546	$	2,970,261	$	—
International Opportunities HLS Fund		4,459,412		53,200		4,636,856
MidCap HLS Fund		17,020,702		17,290,587		—
MidCap Growth HLS Fund		406,720		407,951		—
MidCap Value HLS Fund		6,213,738		2,064,156		4,243,020
Small Cap Growth HLS Fund		43,530,718		43,528,326		—
Small Company HLS Fund		8,978,711		9,034,495		—
Total Return Bond HLS Fund		5,298,633		5,545,320		—
Ultrashort Bond HLS Fund		7,467,045		7,631,270		—

⁽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⁾

These securities are held for the benefit of the Fund at the Fund’s custodian. The Fund cannot repledge or resell this collateral. As such, collateral is excluded from the Statement of Assets and Liabilities.

⁽³⁾

U.S. Government securities.

⁽⁴⁾

Non-cash collateral is returned to the counterparty after the settlement of securities on loan. As of December 31, 2018, the Fund was awaiting the return of the previously loaned position before the stated collateral is returned.

The following table reflects 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, 2018.

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⁾
Corporate Bonds	$	4,505,697	$	—	$	—	$	—	$	4,505,697

Total Borrowings	$	4,505,697	$	—	$	—	$	—	$	4,505,697

Gross amount of recognized liabilities for securities lending transactions									$	4,505,697


Capital Appreciation HLS Fund
Securities Lending Transactions⁽¹⁾
Common Stocks	$	7,045,118	$	—	$	—	$	—	$	7,045,118

Total Borrowings	$	7,045,118	$	—	$	—	$	—	$	7,045,118

Gross amount of recognized liabilities for securities lending transactions									$	7,045,118


Global Growth HLS Fund
Securities Lending Transactions⁽¹⁾
Common Stocks	$	955,004	$	—	$	—	$	—	$	955,004

Total Borrowings	$	955,004	$	—	$	—	$	—	$	955,004

Gross amount of recognized liabilities for securities lending transactions									$	955,004


Growth Opportunities HLS Fund
Securities Lending Transactions⁽¹⁾
Common Stocks	$	7,889,516	$	—	$	—	$	—	$	7,889,516

Total Borrowings	$	7,889,516	$	—	$	—	$	—	$	7,889,516

Gross amount of recognized liabilities for securities lending transactions									$	7,889,516


Healthcare HLS Fund
Securities Lending Transactions⁽¹⁾
Common Stocks	$	2,970,261	$	—	$	—	$	—	$	2,970,261

Total Borrowings	$	2,970,261	$	—	$	—	$	—	$	2,970,261

Gross amount of recognized liabilities for securities lending transactions									$	2,970,261


International Opportunities HLS Fund
Securities Lending Transactions⁽¹⁾
Common Stocks	$	53,200	$	—	$	—	$	—	$	53,200

Total Borrowings	$	53,200	$	—	$	—	$	—	$	53,200

Gross amount of recognized liabilities for securities lending transactions									$	53,200


		193

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018


	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
MidCap HLS Fund
Securities Lending Transactions⁽¹⁾
Common Stocks	$	17,290,587	$	—	$	—	$	—	$	17,290,587

Total Borrowings	$	17,290,587	$	—	$	—	$	—	$	17,290,587

Gross amount of recognized liabilities for securities lending transactions									$	17,290,587


MidCap Growth HLS Fund
Securities Lending Transactions⁽¹⁾
Common Stocks	$	407,951	$	—	$	—	$	—	$	407,951

Total Borrowings	$	407,951	$	—	$	—	$	—	$	407,951

Gross amount of recognized liabilities for securities lending transactions									$	407,951


MidCap Value HLS Fund
Securities Lending Transactions⁽¹⁾
Common Stocks	$	2,064,156	$	—	$	—	$	—	$	2,064,156

Total Borrowings	$	2,064,156	$	—	$	—	$	—	$	2,064,156

Gross amount of recognized liabilities for securities lending transactions									$	2,064,156


Small Cap Growth HLS Fund
Securities Lending Transactions⁽¹⁾
Common Stocks	$	5,964,105	$	—	$	—	$	—	$	5,964,105
Exchange-Traded Funds		37,564,221		—		—		—		37,564,221

Total	$	43,528,326	$	—	$	—	$	—	$	43,528,326

Total Borrowings	$	43,528,326	$	—	$	—	$	—	$	43,528,326

Gross amount of recognized liabilities for securities lending transactions									$	43,528,326


Small Company HLS Fund
Securities Lending Transactions⁽¹⁾
Common Stocks	$	9,034,495	$	—	$	—	$	—	$	9,034,495

Total Borrowings	$	9,034,495	$	—	$	—	$	—	$	9,034,495

Gross amount of recognized liabilities for securities lending transactions									$	9,034,495


Total Return Bond HLS Fund
Securities Lending Transactions⁽¹⁾
Corporate Bonds	$	5,545,320	$	—	$	—	$	—	$	5,545,320

Total Borrowings	$	5,545,320	$	—	$	—	$	—	$	5,545,320

Gross amount of recognized liabilities for securities lending transactions									$	5,545,320


Ultrashort Bond HLS Fund
Securities Lending Transactions⁽¹⁾
U.S. Government Securities	$	7,631,270	$	—	$	—	$	—	$	7,631,270

Total Borrowings	$	7,631,270	$	—	$	—	$	—	$	7,631,270

Gross amount of recognized liabilities for securities lending transactions									$	7,631,270

⁽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.

9.	Investment Transactions:

For the year ended December 31, 2018, 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	$	576,912,519	$	867,695,839	$	96,548,940	$	99,028,127	$	673,461,459	$	966,723,966
Capital Appreciation HLS Fund		3,397,882,147		4,103,681,351		—		—		3,397,882,147		4,103,681,351
Disciplined Equity HLS Fund		141,976,052		258,766,945		—		—		141,976,052		258,766,945
Dividend and Growth HLS Fund		946,949,195		1,391,215,794		—		—		946,949,195		1,391,215,794
Global Growth HLS Fund		289,311,579		343,484,081		—		—		289,311,579		343,484,081


		194

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018


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
Growth Opportunities HLS Fund	$	1,831,365,844	$	2,003,901,639	$	—	$	—	$	1,831,365,844	$	2,003,901,639
Healthcare HLS Fund		94,558,112		134,108,698		—		—		94,558,112		134,108,698
High Yield HLS Fund		70,213,906		93,461,879		—		—		70,213,906		93,461,879
International Opportunities HLS Fund		1,115,672,095		1,314,433,860		—		—		1,115,672,095		1,314,433,860
MidCap HLS Fund		775,136,223		1,044,063,643		—		—		775,136,223		1,044,063,643
MidCap Growth HLS Fund		146,421,607		160,901,313		—		—		146,421,607		160,901,313
MidCap Value HLS Fund		144,314,253		185,735,323		—		—		144,314,253		185,735,323
Small Cap Growth HLS Fund		1,134,516,913		1,216,204,541		—		—		1,134,516,913		1,216,204,541
Small Company HLS Fund		609,683,505		690,504,201		—		—		609,683,505		690,504,201
Stock HLS Fund		311,941,549		481,695,942		—		—		311,941,549		481,695,942
Total Return Bond HLS Fund		641,216,612		760,257,572		518,436,747		512,218,099		1,159,653,359		1,272,475,671
Ultrashort Bond HLS Fund		170,711,076		205,192,173		48,158,234		88,510,055		218,869,310		293,702,228
U.S. Government Securities HLS Fund		25,613,909		31,262,150		124,523,539		172,179,231		150,137,448		203,441,381
Value HLS Fund		135,225,174		189,885,326		—		—		135,225,174		189,885,326

10.

Capital Share Transactions:

The following information is for the year ended December 31, 2018, and the year ended December 31, 2017:


	For the Year Ended December 31, 2018						For the Year Ended December 31, 2017
	Shares			Amount			Shares			Amount
Balanced HLS Fund
Class IA
Shares Sold		377,029		$	11,576,568			806,404		$	24,243,642
Shares Issued for Reinvested Dividends		4,232,006			123,979,008			1,550,612			47,464,119
Shares Redeemed		(9,617,908	)		(296,172,690	)		(9,237,441	)		(271,385,497	)

Net Increase (Decrease)		(5,008,873	)		(160,617,114	)		(6,880,425	)		(199,677,736	)

Class IB
Shares Sold		194,734		$	6,046,489			98,155		$	2,948,319
Shares Issued for Reinvested Dividends		526,962			15,722,695			178,485			5,534,060
Shares Redeemed		(1,312,276	)		(40,893,966	)		(1,359,464	)		(40,387,458	)

Net Increase (Decrease)		(590,580	)		(19,124,782	)		(1,082,824	)		(31,905,079	)

Total Net Increase (Decrease)		(5,599,453	)	$	(179,741,896	)		(7,963,249	)	$	(231,582,815	)


Capital Appreciation HLS Fund
Class IA
Shares Sold		711,578		$	32,492,124			1,520,224		$	69,676,765
Shares Issued for Reinvested Dividends		10,121,562			454,718,791			5,849,271			280,000,593
Shares Redeemed		(14,565,754	)		(701,373,697	)		(23,141,724	)		(1,078,423,340	)

Net Increase (Decrease)		(3,732,614	)		(214,162,782	)		(15,772,229	)		(728,745,982	)

Class IB
Shares Sold		110,197		$	5,115,632			111,613		$	5,150,495
Shares Issued for Reinvested Dividends		1,249,788			55,433,182			742,165			35,014,412
Shares Redeemed		(2,349,094	)		(111,859,162	)		(2,304,465	)		(105,783,037	)

Net Increase (Decrease)		(989,109	)		(51,310,348	)		(1,450,687	)		(65,618,130	)

Class IC
Shares Sold		79,629		$	3,804,757			127,654		$	5,935,733
Shares Issued for Reinvested Dividends		74,019			3,306,482			36,298			1,722,982
Shares Redeemed		(81,252	)		(3,859,522	)		(53,091	)		(2,473,932	)

Net Increase (Decrease)		72,396			3,251,717			110,861			5,184,783

Total Net Increase (Decrease)		(4,649,327	)	$	(262,221,413	)		(17,112,055	)	$	(789,179,329	)


Disciplined Equity HLS Fund
Class IA
Shares Sold		418,081		$	6,351,289			283,728		$	4,383,156
Shares Issued for Reinvested Dividends		3,963,155			59,926,121			4,779,020			69,277,938
Shares Redeemed		(7,184,640	)		(112,570,690	)		(6,394,841	)		(97,244,218	)

Net Increase (Decrease)		(2,803,404	)		(46,293,280	)		(1,332,093	)		(23,583,124	)


		195

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018


	For the Year Ended December 31, 2018						For the Year Ended December 31, 2017
	Shares			Amount			Shares			Amount
Disciplined Equity HLS Fund – (continued)
Class IB
Shares Sold		125,940		$	1,915,988			144,937		$	2,190,277
Shares Issued for Reinvested Dividends		541,890			8,120,313			660,646			9,451,480
Shares Redeemed		(1,097,934	)		(16,926,882	)		(1,017,854	)		(15,281,872	)

Net Increase (Decrease)		(430,104	)		(6,890,581	)		(212,271	)		(3,640,115	)

Total Net Increase (Decrease)		(3,233,508	)	$	(53,183,861	)		(1,544,364	)	$	(27,223,239	)


Dividend and Growth HLS Fund
Class IA
Shares Sold		2,238,948		$	51,960,388			4,155,891		$	95,954,389
Shares Issued for Reinvested Dividends		16,643,249			367,065,830			11,597,227			261,460,717
Shares Redeemed		(20,816,118	)		(488,971,318	)		(19,421,429	)		(451,326,930	)

Net Increase (Decrease)		(1,933,921	)		(69,945,100	)		(3,668,311	)		(93,911,824	)

Class IB
Shares Sold		410,222		$	9,509,461			375,911		$	8,685,861
Shares Issued for Reinvested Dividends		2,277,912			50,078,265			1,593,174			35,652,495
Shares Redeemed		(3,148,825	)		(72,751,751	)		(3,425,042	)		(79,084,752	)

Net Increase (Decrease)		(460,691	)		(13,164,025	)		(1,455,957	)		(34,746,396	)

Total Net Increase (Decrease)		(2,394,612	)	$	(83,109,125	)		(5,124,268	)	$	(128,658,220	)


Global Growth HLS Fund
Class IA
Shares Sold		1,078,775		$	31,212,233			1,167,362		$	30,260,457
Shares Issued for Reinvested Dividends		1,375,789			38,893,548			811,179			20,798,629
Shares Redeemed		(2,645,726	)		(75,484,691	)		(2,159,005	)		(55,663,972	)

Net Increase (Decrease)		(191,162	)		(5,378,910	)		(180,464	)		(4,604,886	)

Class IB
Shares Sold		195,826		$	5,672,825			205,454		$	5,206,011
Shares Issued for Reinvested Dividends		261,598			7,324,732			156,643			3,981,856
Shares Redeemed		(574,093	)		(16,275,227	)		(611,170	)		(15,562,567	)

Net Increase (Decrease)		(116,669	)		(3,277,670	)		(249,073	)		(6,374,700	)

Total Net Increase (Decrease)		(307,831	)	$	(8,656,580	)		(429,537	)	$	(10,979,586	)


Growth Opportunities HLS Fund
Class IA
Shares Sold		880,238		$	34,499,287			1,055,813		$	35,715,356
Shares Issued for Reinvested Dividends		4,558,515			183,161,141			456,670			16,106,761
Shares Redeemed		(4,784,503	)		(194,145,164	)		(5,385,187	)		(187,447,545	)

Net Increase (Decrease)		654,250			23,515,264			(3,872,704	)		(135,625,428	)

Class IB
Shares Sold		247,857		$	9,559,584			226,887		$	7,648,732
Shares Issued for Reinvested Dividends		558,990			21,414,890			55,466			1,881,415
Shares Redeemed		(728,619	)		(28,067,244	)		(837,366	)		(27,997,475	)

Net Increase (Decrease)		78,228			2,907,230			(555,013	)		(18,467,328	)

Class IC
Shares Sold		153,006		$	6,010,543			104,552		$	3,540,640
Shares Issued for Reinvested Dividends		133,407			5,228,239			11,639			403,653
Shares Redeemed		(84,803	)		(3,367,405	)		(81,843	)		(2,819,857	)

Net Increase (Decrease)		201,610			7,871,377			34,348			1,124,436

Total Net Increase (Decrease)		934,088		$	34,293,871			(4,393,369	)	$	(152,968,320	)


Healthcare HLS Fund
Class IA
Shares Sold		1,245,774		$	29,306,376			1,841,982		$	44,835,798
Shares Issued for Reinvested Dividends		745,725			17,636,397			1,933,544			42,557,293
Shares Redeemed		(2,811,944	)		(65,218,731	)		(2,322,554	)		(54,827,732	)

Net Increase (Decrease)		(820,445	)		(18,275,958	)		1,452,972			32,565,359


		196

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018


	For the Year Ended December 31, 2018						For the Year Ended December 31, 2017
	Shares			Amount			Shares			Amount
Healthcare HLS Fund – (continued)
Class IB
Shares Sold		88,489		$	1,970,210			129,384		$	2,994,650
Shares Issued for Reinvested Dividends		121,767			2,726,361			343,098			7,184,474
Shares Redeemed		(427,867	)		(9,515,201	)		(517,395	)		(11,565,478	)

Net Increase (Decrease)		(217,611	)		(4,818,630	)		(44,913	)		(1,386,354	)

Total Net Increase (Decrease)		(1,038,056	)	$	(23,094,588	)		1,408,059		$	31,179,005


High Yield HLS Fund
Class IA
Shares Sold		1,286,518		$	10,403,608			1,551,820		$	12,802,783
Shares Issued for Reinvested Dividends		1,614,321			12,607,847			1,763,487			14,107,895
Shares Redeemed		(5,381,959	)		(43,050,250	)		(5,352,490	)		(44,291,170	)

Net Increase (Decrease)		(2,481,120	)		(20,038,795	)		(2,037,183	)		(17,380,492	)

Class IB
Shares Sold		383,944		$	3,004,028			398,161		$	3,249,143
Shares Issued for Reinvested Dividends		491,610			3,775,566			551,458			4,345,488
Shares Redeemed		(1,712,158	)		(13,431,228	)		(1,811,097	)		(14,711,242	)

Net Increase (Decrease)		(836,604	)		(6,651,634	)		(861,478	)		(7,116,611	)

Total Net Increase (Decrease)		(3,317,724	)	$	(26,690,429	)		(2,898,661	)	$	(24,497,103	)


International Opportunities HLS Fund
Class IA
Shares Sold		7,906,986		$	133,045,266			14,013,729		$	228,923,920
Shares Issued for Reinvested Dividends		1,511,466			24,591,559			1,165,749			19,083,304
Shares Redeemed		(18,708,966	)		(314,533,972	)		(10,831,010	)		(174,609,123	)

Net Increase (Decrease)		(9,290,514	)		(156,897,147	)		4,348,468			73,398,101

Class IB
Shares Sold		682,479		$	11,438,242			595,017		$	9,615,544
Shares Issued for Reinvested Dividends		145,186			2,394,120			109,962			1,824,269
Shares Redeemed		(1,453,082	)		(24,718,563	)		(1,810,973	)		(29,172,721	)

Net Increase (Decrease)		(625,417	)		(10,886,201	)		(1,105,994	)		(17,732,908	)

Total Net Increase (Decrease)		(9,915,931	)	$	(167,783,348	)		3,242,474		$	55,665,193


MidCap HLS Fund
Class IA
Shares Sold		6,486,190		$	264,741,334			9,676,572		$	363,623,668
Shares Issued for Reinvested Dividends		5,086,106			206,009,765			2,534,154			94,658,888
Shares Redeemed		(12,978,019	)		(515,877,276	)		(9,315,330	)		(349,644,474	)

Net Increase (Decrease)		(1,405,723	)		(45,126,177	)		2,895,396			108,638,082

Class IB
Shares Sold		85,061		$	3,436,405			203,031		$	7,530,954
Shares Issued for Reinvested Dividends		138,789			5,470,747			139,137			5,084,893
Shares Redeemed		(319,892	)		(12,588,252	)		(1,660,894	)		(64,348,851	)

Net Increase (Decrease)		(96,042	)		(3,681,100	)		(1,318,726	)		(51,733,004	)

Total Net Increase (Decrease)		(1,501,765	)	$	(48,807,277	)		1,576,670		$	56,905,078


MidCap Growth HLS Fund
Class IA
Shares Sold		443,078		$	3,855,962			546,142		$	4,524,831
Shares Issued for Reinvested Dividends		907,298			7,929,782			415,135			3,287,870
Shares Redeemed		(1,874,449	)		(16,135,241	)		(2,330,941	)		(19,299,802	)

Net Increase (Decrease)		(524,073	)		(4,349,497	)		(1,369,664	)		(11,487,101	)

Class IB
Shares Sold		103,365		$	916,628			206,491		$	1,703,656
Shares Issued for Reinvested Dividends		158,237			1,375,082			69,948			550,492
Shares Redeemed		(362,990	)		(3,129,051	)		(724,359	)		(5,954,090	)

Net Increase (Decrease)		(101,388	)		(837,341	)		(447,920	)		(3,699,942	)

Total Net Increase (Decrease)		(625,461	)	$	(5,186,838	)		(1,817,584	)	$	(15,187,043	)


		197

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018


	For the Year Ended December 31, 2018						For the Year Ended December 31, 2017
	Shares			Amount			Shares			Amount
MidCap Value HLS Fund
Class IA
Shares Sold		363,704		$	4,488,869			474,578		$	5,861,095
Shares Issued for Reinvested Dividends		1,760,255			20,921,640			1,786,186			20,308,940
Shares Redeemed		(3,101,516	)		(37,927,053	)		(3,597,010	)		(44,123,512	)

Net Increase (Decrease)		(977,557	)		(12,516,544	)		(1,336,246	)		(17,953,477	)

Class IB
Shares Sold		55,809		$	678,984			91,141		$	1,113,838
Shares Issued for Reinvested Dividends		497,931			5,918,091			534,256			6,031,748
Shares Redeemed		(961,412	)		(11,563,113	)		(1,189,202	)		(14,470,579	)

Net Increase (Decrease)		(407,672	)		(4,966,038	)		(563,805	)		(7,324,993	)

Total Net Increase (Decrease)		(1,385,229	)	$	(17,482,582	)		(1,900,051	)	$	(25,278,470	)


Small Cap Growth HLS Fund
Class IA
Shares Sold		4,222,713		$	140,276,410			5,723,808		$	165,058,843
Shares Issued for Reinvested Dividends		1,485,036			51,501,062			13,629			391,968
Shares Redeemed		(5,574,766	)		(183,058,917	)		(12,168,321	)		(365,607,978	)

Net Increase (Decrease)		132,983			8,718,555			(6,430,884	)		(200,157,167	)

Class IB
Shares Sold		1,901,268		$	59,933,616			5,928,739		$	176,762,856
Shares Issued for Reinvested Dividends		690,752			23,243,803			—			—
Shares Redeemed		(2,517,531	)		(81,490,053	)		(2,636,397	)		(76,228,471	)

Net Increase (Decrease)		74,489			1,687,366			3,292,342			100,534,385

Total Net Increase (Decrease)		207,472		$	10,405,921			(3,138,542	)	$	(99,622,782	)


Small Company HLS Fund
Class IA
Shares Sold		2,279,458		$	49,529,365			1,793,489		$	32,075,623
Shares Issued for Reinvested Dividends		1,609,205			37,253,096			—			—
Shares Redeemed		(5,131,207	)		(111,785,237	)		(26,402,292	)		(469,703,430	)

Net Increase (Decrease)		(1,242,544	)		(25,002,776	)		(24,608,803	)		(437,627,807	)

Class IB
Shares Sold		282,487		$	5,752,063			223,321		$	3,768,830
Shares Issued for Reinvested Dividends		188,065			4,017,068			—			—
Shares Redeemed		(747,252	)		(14,895,365	)		(2,064,656	)		(34,359,403	)

Net Increase (Decrease)		(276,700	)		(5,126,234	)		(1,841,335	)		(30,590,573	)

Total Net Increase (Decrease)		(1,519,244	)	$	(30,129,010	)		(26,450,138	)	$	(468,218,380	)


Stock HLS Fund
Class IA
Shares Sold		72,515		$	5,954,634			82,347		$	6,102,812
Shares Issued for Reinvested Dividends		265,343			20,294,819			299,255			23,707,000
Shares Redeemed		(2,271,073	)		(186,699,226	)		(2,491,889	)		(184,342,341	)

Net Increase (Decrease)		(1,933,215	)		(160,449,773	)		(2,110,287	)		(154,532,529	)

Class IB
Shares Sold		25,748		$	2,171,547			24,541		$	1,800,010
Shares Issued for Reinvested Dividends		22,018			1,685,834			26,673			2,111,519
Shares Redeemed		(311,649	)		(25,637,685	)		(326,619	)		(24,082,015	)

Net Increase (Decrease)		(263,883	)		(21,780,304	)		(275,405	)		(20,170,486	)

Total Net Increase (Decrease)		(2,197,098	)	$	(182,230,077	)		(2,385,692	)	$	(174,703,015	)


Total Return Bond HLS Fund
Class IA
Shares Sold		8,943,428		$	98,737,562			10,804,579		$	121,912,379
Shares Issued for Reinvested Dividends		7,874,151			84,804,607			5,703,212			64,104,099
Shares Redeemed		(33,490,964	)		(367,229,305	)		(28,263,945	)		(319,063,315	)

Net Increase (Decrease)		(16,673,385	)		(183,687,136	)		(11,756,154	)		(133,046,837	)


		198

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018


	For the Year Ended December 31, 2018						For the Year Ended December 31, 2017
	Shares			Amount			Shares			Amount
Total Return Bond HLS Fund – (continued)
Class IB
Shares Sold		737,317		$	8,103,146			1,007,204		$	11,336,689
Shares Issued for Reinvested Dividends		856,478			9,181,448			611,268			6,840,084
Shares Redeemed		(3,590,545	)		(39,142,701	)		(3,290,538	)		(36,973,156	)

Net Increase (Decrease)		(1,996,750	)		(21,858,107	)		(1,672,066	)		(18,796,383	)

Total Net Increase (Decrease)		(18,670,135	)	$	(205,545,243	)		(13,428,220	)	$	(151,843,220	)


Ultrashort Bond HLS Fund
Class IA
Shares Sold		5,794,419		$	58,434,281			3,269,464		$	32,898,341
Shares Issued for Reinvested Dividends		499,842			5,018,414			385,163			3,863,181
Shares Redeemed		(8,804,753	)		(88,776,912	)		(10,954,529	)		(110,225,740	)

Net Increase (Decrease)		(2,510,492	)		(25,324,217	)		(7,299,902	)		(73,464,218	)

Class IB
Shares Sold		1,496,586		$	15,071,051			766,654		$	7,701,575
Shares Issued for Reinvested Dividends		53,416			536,294			35,217			353,222
Shares Redeemed		(1,634,853	)		(16,463,268	)		(2,138,208	)		(21,476,321	)

Net Increase (Decrease)		(84,851	)		(855,923	)		(1,336,337	)		(13,421,524	)

Total Net Increase (Decrease)		(2,595,343	)	$	(26,180,140	)		(8,636,239	)	$	(86,885,742	)


U.S. Government Securities HLS Fund
Class IA
Shares Sold		1,738,359		$	17,500,321			2,103,061		$	21,772,509
Shares Issued for Reinvested Dividends		716,309			7,134,442			729,790			7,516,833
Shares Redeemed		(6,266,754	)		(63,056,532	)		(6,323,266	)		(65,421,205	)

Net Increase (Decrease)		(3,812,086	)		(38,421,769	)		(3,490,415	)		(36,131,863	)

Class IB
Shares Sold		390,678		$	3,920,475			351,226		$	3,626,856
Shares Issued for Reinvested Dividends		133,828			1,332,927			135,593			1,395,250
Shares Redeemed		(1,494,961	)		(14,988,690	)		(1,335,009	)		(13,785,552	)

Net Increase (Decrease)		(970,455	)		(9,735,288	)		(848,190	)		(8,763,446	)

Total Net Increase (Decrease)		(4,782,541	)	$	(48,157,057	)		(4,338,605	)	$	(44,895,309	)


Value HLS Fund
Class IA
Shares Sold		769,369		$	11,763,745			695,794		$	10,990,889
Shares Issued for Reinvested Dividends		3,182,011			45,728,961			2,611,798			39,184,876
Shares Redeemed		(4,476,365	)		(69,613,039	)		(4,444,508	)		(70,230,330	)

Net Increase (Decrease)		(524,985	)		(12,120,333	)		(1,136,916	)		(20,054,565	)

Class IB
Shares Sold		81,995		$	1,246,473			75,796		$	1,195,727
Shares Issued for Reinvested Dividends		515,685			7,417,890			435,092			6,498,111
Shares Redeemed		(771,648	)		(11,962,532	)		(886,742	)		(13,949,988	)

Net Increase (Decrease)		(173,968	)		(3,298,169	)		(375,854	)		(6,256,150	)

Total Net Increase (Decrease)		(698,953	)	$	(15,418,502	)		(1,512,770	)	$	(26,310,715	)

11.

Line of Credit:

Each Fund participates in a committed line of credit pursuant to a credit agreement. Each Fund may borrow under the line of credit for temporary or emergency purposes. The Funds (together with certain other Hartford Funds) may borrow up to $400 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, 2018, none of the Funds had borrowings under this facility.

12.

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


		199

Hartford HLS Funds

Notes to Financial Statements – (continued)

December 31, 2018

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.

13.

Recent Accounting Pronouncement:

The FASB recently 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 becomes effective for public entities for fiscal years beginning after December 15, 2018, and for private entities one year later. Management is currently evaluating the implication, if any, of additional disclosure and its impact on the Funds’ financial statements.

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 the Funds’ early adoption of these provisions was limited to changes in the Funds’ 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.

14.

Subsequent Events:

In connection with the preparation of the financial statements of the Funds as of and for the year ended December 31, 2018, events and transactions subsequent to December 31, 2018, 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.

Effective January 1, 2019, HFMC agreed to extend the current contractual management fee waiver of 0.03% for the Balanced HLS Fund. In addition, effective January 1, 2019, HFMC agreed to waive 0.04% of the MidCap Value HLS Fund’s contractual management fee. Each of these contractual management fee waivers will remain in effect until April 30, 2020 unless the Board of Directors of Hartford Series Fund, Inc. approves its earlier termination.


		200

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, 2018, 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, 2018, 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, 2018, 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.

LOGO

We have served as the auditor of one or more Hartford investment companies since 2002.

Philadelphia, Pennsylvania

February 20, 2019


		201

Hartford HLS Funds

Directors and Officers of Each Company (Unaudited)

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, 2018. 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 Vistra Energy Corporation, formerly known as Dynegy, Inc. (an independent power company) since October 2012 and as a Director of Credit Suisse Holdings (USA), Inc. since January 2017.	83	None

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.	83	Ms. Beery serves as a Director of UMB Financial Corporation (January 2015 to present).

LYNN S. BIRDSONG (1946)	Director	Since 2003	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.	83	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.	83	None

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.	83	None


		202

Hartford HLS Funds

Directors and Officers of Each Company (Unaudited) – (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

WILLIAM P. JOHNSTON (1944)	Director and Chairman of the Board	Director since 2005 and Chairman of the Board since 2015	In June 2006, Mr. Johnston was appointed as Senior Advisor to The Carlyle Group, a global private equity and other alternative asset investment firm and currently serves as an Operating Executive. In August 2007, Mr. Johnston was elected to the Board of Directors of LifeCare Holdings, Inc. and served until June 2013. In February 2008, Mr. Johnston was elected to the Board of Directors of HCR-ManorCare, Inc. and served until July 2018. In July 2006, Mr. Johnston was elected to the Board of Directors of MultiPlan, Inc. and served as a Director until August 2010. In May 2006, Mr. Johnston was elected to the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, after its acquisition of Renal Care Group, Inc. in March 2006. Mr. Johnston joined Renal Care Group in November 2002 as a member of the Board of Directors and served as Chairman of the Board from March 2003 through March 2006. From 2002 through 2013, Mr. Johnston served as a Board member of the Georgia O’Keefe Museum. From September 1987 to December 2002, Mr. Johnston was with Equitable Securities Corporation (and its successors, SunTrust Equitable Securities and SunTrust Robinson Humphrey) serving in various investment banking and managerial positions, including Managing Director and Head of Investment Banking, Chief Executive Officer and Vice Chairman.	83	None

PHILLIP O. PETERSON (1944)	Director	Since 2002⁽⁴⁾ Since 2000⁽⁵⁾	Mr. Peterson is a mutual fund industry consultant. He was a partner of KPMG LLP (an accounting firm) until July 1999. From February 2007 to February 2018, Mr. Peterson served as a member of the Board of Trustees of the William Blair Funds. From February 2012 to February 2014, Mr. Peterson served as a Trustee of Symetra Variable Mutual Funds. From January 2004 to April 2005, Mr. Peterson served as Independent President of the Strong Mutual Funds.	83	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.	83	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 seven investment funds, including 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.	83	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).


		203

Hartford HLS Funds

Directors and Officers of Each Company (Unaudited) – (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
OFFICERS AND INTERESTED DIRECTORS

JAMES E. DAVEY⁽⁶⁾ (1964)	Director, President and Chief Executive Officer	President and Chief Executive Officer since 2010; Director since 2012	Mr. Davey serves as Executive Vice President of The Hartford Financial Services Group, Inc. Additionally, Mr. Davey serves as Chairman of the Board, Manager, and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”). He also currently serves as Director, Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”). Mr. Davey also serves as President, Manager, Chairman of the Board, and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”), and Director, Chairman, 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.	83	None

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 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


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Hartford HLS Funds

Directors and Officers of Each Company (Unaudited) – (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

JOSEPH G. MELCHER (1973)	Vice President and Chief Compliance Officer	Since 2013	Mr. Melcher serves as President (since April 2018), Chief Executive Officer (since April 2018) and Executive Vice President (since December 2013) 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

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	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 a Senior Counsel for HFMG. Prior to joining HFMG in 2017, Mr. Phillips was a Director and Chief Legal Officer of Saturna Capital Corporation from 2014–2016. Prior to that, Mr. Phillips was a Partner and Deputy General Counsel of Lord, Abbett & Co. LLC.	N/A	N/A

LAURA S. QUADE (1969)	Vice President	Since 2012	Ms. Quade currently serves as Vice President of HASCO and is the Head of Operations of HASCO. Ms. Quade also serves as Vice President of HFD and HFMG (since December 2013). From February 2018 to May 14, 2018, Ms. Quade served as Treasurer of each Company. Formerly, Ms. Quade served as Director, Enterprise Operations of Hartford Life Insurance Company from April 2012 through December 2013. Ms. Quade has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Quade joined The Hartford in 2001.	N/A	N/A

⁽¹⁾	The address for each officer and Director is c/o Hartford Funds 690 Lee Road, Wayne, PA 19087.

⁽²⁾	Each Director holds an indefinite term until the earlier of (i) the election and qualification of his or her successor or (ii) when the Director turns 75 years of age. Each officer shall serve until his or her successor is elected and qualifies.

⁽³⁾

The portfolios of the “Fund Complex” are series of The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., Hartford HLS Series Fund II, Inc., Hartford Funds Master Fund, Lattice Strategies Trust, Hartford Funds Exchange-Traded Trust, and Hartford Funds NextShares Trust.

⁽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.


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HOW TO OBTAIN A COPY OF EACH FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that each Fund uses to determine how to vote proxies relating to portfolio securities and information about how each Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30, are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

Each Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Each Fund’s Forms N-Q are available (1) without charge, upon request, by calling 888-843-7824 and (2) on the SEC’s website at http://www.sec.gov.


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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 (formerly, Hartford Small/Mid Cap Equity 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 7-8, 2018, the Boards of Directors (collectively, the “Board”) of Hartford Series Fund, Inc. (“HLS”) and Hartford HLS Series Fund II, Inc. (“HLS II”), including each of the Independent Directors, unanimously voted to approve (i) the continuation of an investment management agreement (the “Management Agreement”) by and between HLS 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”) on behalf of each of HLS and HLS II, as applicable.

In the months preceding the August 7-8, 2018 meeting, the Board requested and reviewed written responses from the Advisers to questions posed to the Advisers on behalf of the Independent Directors and supporting materials relating to those questions and responses. In addition, the Board considered such additional information as it deemed reasonably necessary to evaluate the Agreements, as applicable, with respect to each Fund, which included information furnished to the Board at its meetings throughout the year, as well as information specifically prepared in connection with the approval of the Agreements that was presented at the Board’s meetings held on June 19-20, 2018 and August 7-8, 2018. 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 19-20, 2018 and August 7-8, 2018 concerning the Agreements.

The Independent Directors, advised by independent legal counsel, engaged service providers to assist them with evaluating the Agreements with respect to each Fund, as applicable. Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, was retained to provide the Board with reports on how each Fund’s contractual management fees, actual management fees, other non-management fees, overall expense ratios and investment performance compared to those of comparable mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating 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 in 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. A more detailed summary of the important, but not necessarily all, factors the Board considered with respect to its continuation of the Agreements is provided below.


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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 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, 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 and 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 making changes to the 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 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 quality of 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 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 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 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 concerning the Fund’s portfolio, and a narrative summary of various factors affecting Fund performance. The Board considered the Advisers’ cooperation with the Investment Committee, which assists the Board in evaluating the performance of each Fund at periodic meetings throughout the year and specifically with respect to the approval of the Agreements. The Board also considered the analysis provided by the Consultant relating to each Fund’s performance track record.


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

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Funds.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to each Fund and HFMC’s profitability, both overall and for each Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to each Fund and all aspects of their relationship with the Fund, including information regarding profitability trends over time. The Board also requested and received information relating to the operations and profitability of the Sub-adviser. The Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a Fund-by-Fund basis and that the sub-advisory fees would be paid by HFMC and not the Funds. Accordingly, the Board concluded that the profitability of the Sub-adviser is a less relevant factor with respect to the Board’s consideration of the Sub-Advisory Agreements.

The Board considered the Consultant’s review of the methodologies and estimates used by HFMC in calculating profitability in connection with the continuation of the Management Agreement, 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 anticipated to be realized by the Advisers and their affiliates from their relationships with the Funds would not be excessive.

Comparison of Fees and Services Provided by the Advisers

The Board considered the comparative information that had been provided at meetings on June 19-20, 2018 and August 7-8, 2018 with respect to the services rendered to and the management fees to be paid by each Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser with respect to each Fund. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for each Fund, and total operating expenses for each Fund. The Board also reviewed information from Broadridge comparing each Fund’s contractual management fees, actual management fees and overall expense ratios relative to an appropriate group of funds selected by Broadridge, in consultation with the Consultant. For details regarding each Fund’s expenses, see the Fund-by-Fund synopsis below.

While the Board recognized that comparisons between a Fund and its peer funds may be imprecise, given the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Broadridge assisted the Board in evaluating the reasonableness of each Fund’s fees and total operating expenses. In addition, the Board considered the analysis and recommendations of the Consultant relating to each Fund’s fees and total operating expenses.

The Board received information regarding fees charged by HFMC to other clients that are exchange-traded funds (“ETFs”) with investment strategies similar to those of certain Funds. The Board reviewed information about structural, operational and other differences between the ETFs and the Funds, including differences in the marketplace in which each type of product must compete. The Board also received information regarding fees charged by the Sub-adviser to any other clients with investment strategies similar to those of the Funds, including institutional separate account clients and registered fund clients for which the Sub-adviser serves as either primary investment adviser or sub-adviser. The Board considered any differences between the Sub-adviser’s services to the Funds and the services it provides to other types of clients. In this regard, the Board reviewed information about the generally broader scope of services and compliance, reporting and other legal burdens and risks of managing registered funds compared with those associated with managing assets of non-registered fund clients such as institutional separate accounts.

Based on these considerations, the Board concluded that each Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters discussed, were reasonable in light of the services provided.

Economies of Scale

The Board considered information regarding the extent to which economies of scale may be realized as a Fund grows and whether fee levels reflect these economies of scale for the benefit of shareholders of the Fund. The Board reviewed the breakpoints in the management fee schedule for each Fund, if any, which reduce fee rates as the Fund’s assets grow over time. The Board recognized that a Fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also recognized that a fee schedule that reaches a lower breakpoint quickly provides shareholders with the benefit of anticipated or potential economies of scale. In addition, the Board considered that initially setting competitive fee rates and pricing the Funds to scale at inception are other means of sharing potential economies of scale with shareholders. The Board also considered that HFMC has been active in managing expenses. The Board noted the effect of the run-off of the variable annuity business on the HLS Funds and also noted that, for Hartford MidCap Growth HLS Fund, the Fund’s current low asset levels have kept the Fund from fully realizing the benefits of anticipated or


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

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 recently completed sale of the annuity run-off business and considered how the sale may impact the Funds’ asset levels.

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 expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor future growth in each Fund’s assets and the appropriateness of additional breakpoints 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 therefor. The Board also noted that HFMC and HASCO had delegated certain fund accounting services and transfer agency services, respectively, to external service providers.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Funds. As principal underwriter, HFD receives distribution and service fees from the Funds.

The Board 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 Fund’s gross performance.

Hartford Balanced HLS Fund

•

The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1- and 3-year periods, and the 2^nd quintile for the 5-year period. The Board also noted that the Fund’s performance was above its custom blended benchmark for the 1- and 5-year periods and in line with its custom blended benchmark for the 3-year period. 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 4^th quintile of its expense group, while its actual management fee and its total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile. The Board noted that the Fund has a contractual management fee waiver of 0.03% through April 30, 2020.

Hartford Capital Appreciation 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 certain changes had recently been made to the Fund’s principal investment strategy. The Board also noted upcoming changes to the Fund’s portfolio management team.

•

The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile of its expense group.

Hartford Disciplined Equity HLS Fund

•

The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1- 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 in line with its benchmark for the 3-year period.


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

•

The Board noted that the Fund’s contractual management fee and its 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 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-year period and in line with its benchmark for the 3- and 5-year periods.

•

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 3^rd quintile of its expense group and its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile.

Hartford Growth Opportunities HLS Fund

•

The Board noted that the Fund’s performance was in the 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 above 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 1^st quintile of its expense group, while its actual management fee was in the 2^nd quintile.

Hartford Healthcare HLS Fund

•

The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1-year period, the 1^st quintile for the 3-year period and the 2^nd quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period, in line with its benchmark for the 3-year period and above its benchmark for the 5-year period.

•

The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 3^rd quintile of its expense group.

Hartford High Yield HLS Fund

•

The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1-year period and the 2^nd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period and in line with its benchmark for the 3- and 5-year periods.

•

The Board noted that the Fund’s contractual management fee and its total expenses (less 12b-1 and shareholder service fees) were in the 4^th quintile of its expense group, while its actual management fee was in the 5^th quintile.

Hartford International Opportunities HLS Fund

•

The Board noted that the Fund’s performance was in the 2^nd quintile of its performance universe for the 1- and 3-year periods and the 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, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile of its expense group. In considering the Fund’s expenses, the Board noted that the Sub-adviser has limited capacity with respect to the Fund’s strategy which may impact the Fund’s sub-advisory fee levels.

Hartford MidCap Growth HLS Fund

•

The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1-year period and the 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 upcoming changes to the Fund’s portfolio management team and principal investment strategy.

•

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 3^rd quintile.


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

Hartford MidCap HLS Fund

•

The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile of its expense group.

Hartford MidCap Value HLS Fund

•

The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1- and 5-year periods and the 4^th 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. 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 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 5^th 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 below its benchmark for the 1-year period, in line with its benchmark for the 3-year period and above its benchmark for the 5-year period. The Board noted upcoming changes to the Fund’s portfolio management team and principal investment strategy.

•

The Board noted that the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile of its expense group.

Hartford Small Company 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, the 5^th quintile for the 3-year period and the 4^th quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period and below its benchmark for the 3- and 5-year periods. The Board noted recent and upcoming changes to the Fund’s portfolio management team and upcoming changes to the Fund’s principal investment strategy.

•

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 and total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile.

Hartford Stock HLS Fund

•

The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1-year period and the 4^th quintile for the 3- 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 the Fund’s contractual management fee, actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile of its expense group.

Hartford Total Return Bond HLS Fund

•

The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-, 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods.

•

The Board noted that the Fund’s contractual management fee and its actual management fee were in the 2^nd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 1^st quintile.

Hartford Ultrashort Bond HLS Fund

•

The Board noted that the Fund’s performance was in the 1^st quintile of its performance universe for the 1-year period and the 3^rd quintile for the 3-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period and in line with its benchmark for the 3-year period.

•

The Board noted that the Fund’s contractual management fee and its actual management fee were in the 1^st quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile.


		212

Hartford HLS Funds

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

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, the 2^nd quintile for the 3-year period and the 3^rd quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3- and 5-year periods.

•

The Board noted that the Fund’s contractual management fee, actual management fee and its total expenses (less 12b-1 and shareholder service fees) were in the 2^nd quintile of its expense group.

Hartford Value HLS Fund

•

The Board noted that the Fund’s performance was in the 3^rd quintile of its performance universe for the 1-, 3- and 5-year periods. The Board also noted that the Fund’s performance was above 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 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 5^th quintile. In considering the Fund’s expenses, the Board noted the shareholder savings expected to result from a permanent fee reduction implemented in 2018.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of each Fund and its shareholders for the Board to approve the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves. In connection with their deliberations, the Independent Directors met separately in executive session on several occasions, with independent legal counsel and the Consultant, to review the relevant materials and consider their responsibilities under relevant laws and regulations.


		213

THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

CUSTOMER PRIVACY NOTICE

The Hartford Financial Services Group, Inc. and Affiliates*

(herein called “we, our, and us”)

This Privacy Policy applies to our United States Operations

We value your trust. We are committed to the responsible:

a) management;

b) use; and

c) protection;

of Personal Information.

This notice describes how we collect, disclose, and protect Personal Information.

We collect Personal Information to:

a) service your Transactions with us; and

b) support our business functions.

We may obtain Personal Information from:

a) You;

b) your Transactions with us; and

c) third parties such as a consumer-reporting agency.

Based on the type of product or service You apply for or get from us, Personal Information such as:

a) your name;

b) your address;

c) your income;

d) your payment; or

e) your credit history;

may be gathered from sources such as applications, Transactions, and consumer reports.

To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as:

a) our insurance companies;

b) our employee agents;

c) our brokerage firms; and

d) our administrators.

As allowed by law, we may share Personal Financial Information with our affiliates to:

a) market our products; or

b) market our services;

to You without providing You with an option to prevent these disclosures.

We may also share Personal Information, only as allowed by law, with unaffiliated third parties including:

a) independent agents;

b) brokerage firms;

c) insurance companies;

d) administrators; and

e) service providers;

who help us serve You and service our business.

When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as:

a) taking surveys;

b) marketing our products or services; or

c) offering financial products or services under a joint agreement between us and one or more financial institutions.

We, and third parties we partner with, may track some of the pages You visit through the use of:

a) cookies;

b) pixel tagging; or

c) other technologies;

and currently do not process or comply with any web browser’s “do not track” signal or other similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.

For more information, our Online Privacy Policy, which governs information we collect on our website and our affiliate websites, is available at https://www.thehartford.com/online-privacy-policy.

We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to:

a) “opt-out;” or

b) “opt-in;”

as required by law.

We only disclose Personal Health Information with:

a) your authorization; or

b) as otherwise allowed or required by law.

Our employees have access to Personal Information in the course of doing their jobs, such as:

a) underwriting policies;

b) paying claims;

c) developing new products; or

d) advising customers of our products and services.

We use manual and electronic security procedures to maintain:

a) the confidentiality; and

b) the integrity of;

Personal Information that we have. We use these procedures to guard against unauthorized access.

Some techniques we use to protect Personal Information include:

a) secured files;

b) user authentication;

c) encryption;

d) firewall technology; and

e) the use of detection software.

We are responsible for and must:

a) identify information to be protected;

b) provide an adequate level of protection for that data;

c) grant access to protected data only to those people who must use it in the performance of their job-related duties.

Employees who violate our privacy policies and procedures may be subject to discipline, which may include termination of their employment with us.

We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.

As used in this Privacy Notice:

Application means your request for our product or service.

Personal Financial Information means financial information such as:

a) credit history;

b) income;

c) financial benefits; or

d) policy or claim information.

Personal Financial Information may include Social Security Numbers, Driver’s license numbers, or other government-issued identification numbers, or credit, debit card, or bank account numbers.

Personal Health Information means health information such as:

a) your medical records; or

b) information about your illness, disability or injury.

Personal Information means information that identifies You personally and is not otherwise available to the public. It includes: a) Personal Financial Information; and

b) Personal Health Information.

Transaction means your business dealings with us, such as:

a) your Application;

b) your request for us to pay a claim; and

c) your request for us to take an action on your account.

You means an individual who has given us Personal Information in conjunction with:

a) asking about;

b) applying for; or

c) obtaining;

a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.

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 2018), to the extent required by the Gramm-Leach-Bliley Act and implementing regulations.

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; American Maturity Life Insurance Company; Business Management Group, Inc.; Cervus Claim Solutions, LLC; First State Insurance Company; Fountain Investors I LLC; Fountain Investors II LLC; Fountain Investors III LLC; Fountain Investors IV LLC; FP R, LLC; FTC Resolution Company LLC; Hart Re Group L.L.C.; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford Financial Services, LLC; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Distributors, LLC; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford 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 International Life Reassurance Corporation; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Hartford Life, Inc.; Hartford Life International Holding Company; Hartford Life, 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 Securities Distribution Company, Inc.; Hartford Specialty Insurance Services of Texas, LLC; Hartford Strategic Investments, LLC; Hartford Underwriters General Agency, Inc.; Hartford Underwriters Insurance Company; Hartford-Comprehensive Employee Benefit Service Company; 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.; Lanidex R, LLC; 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.; Northern Homelands Company; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Property and Casualty Insurance Company of Hartford; Sentinel Insurance Company, Ltd.; The Hartford International Asset Management Company Limited; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company.

Revised March 2018

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.

HLSSAR18 2-19 209597 Printed in U.S.A.

LOGO

Item 2. Code of Ethics.

The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description. The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions. A copy of the code of ethics is filed herewith.

Item 3. Audit Committee Financial Expert.

The Board of Directors of the registrant (the “Board”) has designated Phillip O. Peterson as an Audit Committee Financial Expert. Mr. Peterson is considered by the Board to be an independent director.

Item 4. Principal Accountant Fees and Services.

(a)

Audit Fees: The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were:

$79,865 for the fiscal year ended December 31, 2017; $110,000 for the fiscal year ended December 31, 2018.

(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, 2017; $0 for the fiscal year ended December 31, 2018.

(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:

$18,487 for the fiscal year ended December 31, 2017; $19,005 for the fiscal year ended December 31, 2018. Tax-related services are principally in connection with, but not limited to, general tax services, excise tax, and Passive Foreign Investment Company (PFIC) analysis.

(d)

All Other Fees: The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item were:

$0 for the fiscal year ended December 31, 2017; $0 for the fiscal year ended December 31, 2018.

(e)

(1) The Pre-Approval Policies and Procedures (the “Policy”) adopted by the Audit Committee of the registrant (also, the “Fund”) sets forth the procedures pursuant to which services performed by the independent registered public accounting firm for the registrant may be pre-approved. The following are some main provisions from the Policy.

The Audit Committee must pre-approve all audit services and non-audit services that the independent registered public accounting firm provides to the Fund.

The Audit Committee must pre-approve any engagement of the independent registered public accounting firm to provide non-audit services to any Service Affiliate (which is defined to include any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Fund) during the period of the independent registered public accounting firm’s engagement to provide audit services to the Fund, if the non-audit services to the Service Affiliate directly impact the Fund’s operations and financial reporting.

The Audit Committee shall pre-approve certain non-audit services to the Fund and its Service Affiliates pursuant to procedures set forth in the Policy.

The Audit Committee, from time to time, may designate one or more of its members who are Independent Directors (each a “Designated Member”) to consider, on the Audit Committee’s behalf, any non-audit services, whether to the Fund or to any Service Affiliate, that have not been pre-approved by the Audit Committee. The Designated Member also shall review, on the Audit Committee’s behalf, any proposed material change in the nature or extent of any non-audit services previously approved. In considering any requested non-audit services or proposed material change in such services, the Designated Member shall not authorize services which would exceed $50,000 in fees for such services.

The independent registered public accounting firm may not provide specified prohibited non-audit services set forth in the Policy to the Fund, the Fund’s investment adviser, the Service Affiliates or any other member of the investment company complex.

(e)

(2) One hundred percent of the services described in items 4(b) through 4(d) were approved in accordance with the Audit Committee’s Pre-Approval Policy. As a result, none of such services was approved pursuant to paragraph (c)(7)(i)(c) of Rule 2-01 of Regulation S-X.

(f)

None of the hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the fiscal year ended December 31, 2018, were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees.

(g)

The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is

subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant were:

Non-Audit Fees: $58,487 for the fiscal year ended December 31, 2017; $59,005 for the fiscal year ended December 31, 2018.

(h)

The registrant’s audit committee of the board of directors has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Investments.

(a)

The Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the annual report filed under Item 1 of this form.

(b)

Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors since the registrant last provided disclosure in response to this requirement.

Item 11. Controls and Procedures.

(a)

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are generally effective to provide reasonable assurance, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by

Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b)

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s second fiscal quarter of the period covered by this report that have materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

Item 13. Exhibits.

(a)(1) Code of Ethics is filed herewith.

(a)(2) Separate certifications for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)) and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

(a)(3) Not applicable

(a)(4) Not applicable

(b) Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


	HARTFORD HLS SERIES FUND II, INC.

Date: March 4, 2019	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 4, 2019	By:	/s/ James E. Davey
		James E. Davey
		President and Chief Executive Officer

Date: March 4, 2019	By:	/s/ Amy N. Furlong
		Amy N. Furlong
		Treasurer
		(Principal Financial Officer and Principal Accounting Officer)