AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Exhibit 99.B.h.(xxiv)
AMENDED AND RESTATED
THIS AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT, dated as of May 28, 2010, between The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. (each a “Company” and collectively, the “Companies”) on behalf of each series of the Companies (each a “Fund” and collectively, the “Funds”) and Hartford Investment Financial Services, LLC (the “Adviser”).
WHEREAS, the Adviser has been appointed the investment adviser of each of the Funds pursuant to an Investment Management Agreement between each Company, on behalf of the Funds, and the Adviser; and
WHEREAS, each Company and the Adviser desire to enter into the arrangements described herein relating to certain expenses of the Funds;
NOW, THEREFORE, each Company and the Adviser hereby agree as follows:
1. For the period commencing November 1, 2009 through February 28, 2011, the Adviser hereby agrees to reimburse Fund expenses, exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, to the extent necessary to maintain the net annual operating expenses specified for the class of shares of each Fund listed on Schedule A.
2. For the period commencing November 1, 2009 through February 28, 2011, the Adviser hereby agrees to reimburse Fund expenses, exclusive of taxes, interest expense, brokerage commissions and extraordinary expenses, to the extent necessary to maintain the net annual operating expenses specified for the class of shares of each Fund listed on Schedule B.
3. The reimbursements described in Section 1 and Section 2 above are not subject to recoupment by the Adviser.
4. The Adviser understands and intends that the Funds will rely on this Agreement (1) in preparing and filing amendments to the registration statements for the Companies on Form N-1A with the Securities and Exchange Commission, (2) in accruing each Fund’s expenses for purposes of calculating its net asset value per share and (3) for certain other purposes and expressly permits the Funds to do so.
5. This Agreement shall renew automatically for one-year terms unless the Adviser provides written notice of termination prior to the start of such term.
6. This Agreement may be amended or modified by mutual consent of the Adviser and the Board of Directors of the respective Company at any time prior to the expiration date of the Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
THE HARTFORD MUTUAL FUNDS, INC. |
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Name: |
/s/Xxxxxx X. Xxxxxx |
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Xxxxxx X. Xxxxxx |
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Title: |
Vice President, Treasurer and Controller |
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THE HARTFORD MUTUAL FUNDS II, INC. |
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Name: |
/s/Xxxxxx X. Xxxxxx |
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Xxxxxx X. Xxxxxx |
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Title: |
Vice President, Treasurer and Controller |
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HARTFORD INVESTMENT FINANCIAL SERVICES, LLC |
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Name: |
/s/Xxxxxx Xxxxx |
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Xxxxxx Xxxxx |
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Title: |
President |
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SCHEDULE A
Fund |
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Total Net Annual |
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The Hartford Advisers Fund |
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Class A: |
1.18% |
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Class R3: |
1.43% |
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Class R4: |
1.13% |
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Class R5: |
0.83% |
The Hartford Balanced Income Fund(1) |
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Class A: |
0.75% |
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Class B: |
1.50% |
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Class C: |
1.50% |
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Class Y: |
0.40% |
The Hartford Capital Appreciation Fund |
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Class A: |
1.29% |
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Class I: |
1.04% |
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Class R3: |
1.54% |
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Class R4: |
1.24% |
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Class R5: |
0.94% |
The Hartford Capital Appreciation II Fund |
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Class A: |
1.60% |
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Class B: |
2.35% |
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Class C: |
2.35% |
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Class I: |
1.35% |
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Class R3: |
1.85% |
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Class R4: |
1.55% |
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Class R5: |
1.25% |
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Class Y: |
1.25% |
The Hartford Disciplined Equity Fund |
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Class A: |
1.35% |
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Class B: |
2.10% |
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Class C: |
2.10% |
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Class R3: |
1.60% |
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Class R4: |
1.30% |
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Class R5: |
1.00% |
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Class Y: |
0.95% |
The Hartford Diversified International Fund |
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Class A: |
1.65% |
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Class B: |
2.40% |
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Class C: |
2.40% |
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Class I: |
1.40% |
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Class R3: |
1.90% |
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Class R4: |
1.65% |
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Class R5: |
1.40% |
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Class Y: |
1.30% |
The Hartford Dividend and Growth Fund |
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Class A: |
1.25% |
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Class I: |
1.00% |
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Class R3: |
1.50% |
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Class R4: |
1.20% |
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Class R5: |
0.90% |
The Hartford Equity Income Fund |
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Class A: |
1.25% |
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Class B: |
2.00% |
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Class C: |
2.00% |
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Class I: |
1.00% |
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Class R3: |
1.60% |
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Class R4: |
1.30% |
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Class R5: |
1.00% |
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Class Y: |
0.90% |
The Hartford Floating Rate Fund |
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Class A: |
1.00% |
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Class B: |
1.75% |
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Class C: |
1.75% |
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Class I: |
0.75% |
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Class R3: |
1.25% |
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Class R4: |
1.00% |
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Class R5: |
0.85% |
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Class Y: |
0.75% |
The Hartford Fundamental Growth Fund |
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Class A: |
1.45% |
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Class B: |
2.20% |
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Class C: |
2.20% |
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Class Y: |
1.05% |
The Hartford Global All-Asset Fund |
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Class A: |
1.450% |
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Class C: |
2.20% |
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Class I: |
1.20% |
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Class R3: |
1.75% |
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Class R4: |
1.45% |
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Class R5: |
1.15% |
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Class Y: |
1.10% |
The Hartford Global Enhanced Dividend Fund |
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Class A: |
1.60% |
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Class B: |
2.35% |
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Class C: |
2.35% |
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Class I: |
1.35% |
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Class R3: |
1.85% |
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Class R4: |
1.60% |
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Class R5: |
1.35% |
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Class Y: |
1.25% |
The Hartford Global Growth Fund |
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Class A: |
1.48% |
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Class B: |
2.23% |
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Class C: |
2.23% |
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Class R3: |
1.73% |
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Class R4: |
1.43% |
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Class R5: |
1.13% |
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Class Y: |
1.13% |
The Hartford Global Health Fund |
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Class A: |
1.60% |
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Class B: |
2.35% |
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Class C: |
2.35% |
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Class I: |
1.35% |
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Class R3: |
1.85% |
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Class R4: |
1.55% |
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Class R5: |
1.25% |
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Class Y: |
1.20% |
The Hartford Global Real Asset Fund |
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Class A: |
1.450% |
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Class C: |
2.20% |
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Class I: |
1.20% |
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Class R3: |
1.75% |
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Class R4: |
1.45% |
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Class R5: |
1.15% |
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Class Y: |
1.10% |
The Hartford Global Research Fund |
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Class A: |
1.50% |
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Class B: |
2.25% |
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Class C: |
2.25% |
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Class I: |
1.25% |
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Class R3: |
1.75% |
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Class R4: |
1.50% |
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Class R5: |
1.25% |
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Class Y: |
1.15% |
The Hartford Growth Fund |
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Class A: |
1.30% |
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Class B: |
2.05% |
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Class C: |
2.05% |
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Class I: |
1.05% |
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Class L: |
1.42% |
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Class R3: |
1.55% |
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Class R4: |
1.25% |
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Class R5: |
0.95% |
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Class Y: |
0.95% |
The Hartford Growth Opportunities Fund |
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Class A: |
1.36% |
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Class B: |
2.11% |
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Class C: |
2.11% |
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Class I: |
1.11% |
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Class L: |
1.45% |
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Class R3: |
1.61% |
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Class R4: |
1.31% |
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Class R5: |
1.01% |
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Class Y: |
0.80% |
The Hartford High Yield Fund |
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Class A: |
1.20% |
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Class B: |
1.95% |
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Class C: |
1.95% |
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Class I: |
0.95% |
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Class R3: |
1.45% |
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Class R4: |
1.15% |
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Class R5: |
0.95% |
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Class Y: |
0.95% |
The Hartford High Yield Municipal Bond Fund |
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Class A: |
1.00% |
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Class B: |
1.75% |
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Class C: |
1.75% |
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Class I: |
0.75% |
The Hartford Income Fund |
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Class A: |
1.00% |
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Class B: |
1.75% |
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Class C: |
1.75% |
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Class Y: |
0.75% |
The Hartford Inflation Plus Fund |
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Class A: |
0.90% |
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Class B: |
1.65% |
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Class C: |
1.65% |
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Class I: |
0.65% |
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Class L: |
0.90% |
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Class R3: |
1.25% |
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Class R4: |
1.00% |
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Class R5: |
0.81% |
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Class Y: |
0.65% |
The Hartford International Growth Fund |
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Class A: |
1.60% |
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Class B: |
2.35% |
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Class C: |
2.35% |
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Class I: |
1.35% |
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Class R3: |
1.85% |
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Class R4: |
1.55% |
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Class R5: |
1.25% |
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Class Y: |
1.20% |
The Hartford International Opportunities Fund |
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Class A: |
1.57% |
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Class B: |
2.32% |
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Class C: |
2.32% |
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Class I: |
1.32% |
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Class R3: |
1.82% |
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Class R4: |
1.52% |
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Class R5: |
1.22% |
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Class Y: |
1.22% |
The Hartford International Small Company Fund |
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Class A: |
1.60% |
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Class B: |
2.35% |
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Class C: |
2.35% |
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Class I: |
1.35% |
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Class Y: |
1.20% |
The Hartford International Value Fund |
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Class A: |
1.40% |
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Class C: |
2.15% |
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Class I: |
1.15% |
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Class R3: |
1.70% |
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Class R4: |
1.40% |
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Class R5: |
1.10% |
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Class Y: |
1.05% |
The Hartford MidCap Fund |
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Class A: |
1.37% |
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Class I: |
1.12% |
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Class R3: |
1.67% |
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Class R4: |
1.37% |
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Class R5: |
1.07% |
The Hartford MidCap Value Fund |
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Class A: |
1.35% |
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Class B: |
2.10% |
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Class C: |
2.10% |
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Class Y: |
0.95% |
The Hartford Money Market Fund |
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Class A: |
0.90% |
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Class B: |
1.65% |
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Class C: |
1.65% |
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Class R3: |
1.15% |
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Class R4: |
0.85% |
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Class R5: |
0.65% |
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Class Y: |
0.65% |
The Hartford Select SmallCap Value Fund |
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Class A: |
1.60% |
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Class B: |
2.35% |
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Class C: |
2.35% |
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Class Y: |
1.20% |
The Hartford Short Duration Fund |
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Class A: |
0.90% |
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Class B: |
1.65% |
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Class C: |
1.65% |
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Class Y: |
0.65% |
The Hartford Small Company Fund |
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Class A: |
1.40% |
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Class B: |
2.15% |
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Class C: |
2.15% |
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Class I: |
1.15% |
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Class R3: |
1.65% |
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Class R4: |
1.35% |
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Class R5: |
1.05% |
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Class Y: |
1.00% |
The Hartford SmallCap Growth Fund |
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Class A: |
1.40% |
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Class B: |
2.15% |
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Class C: |
2.15% |
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Class I: |
1.15% |
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Class L: |
1.25% |
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Class R3: |
1.65% |
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Class R4: |
1.35% |
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Class R5: |
1.05% |
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Class Y: |
1.05% |
The Hartford Small/Mid Cap Equity Fund |
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Class A: |
1.35% |
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Class B: |
2.10% |
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Class C: |
2.10% |
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Class Y: |
0.95% |
The Hartford Strategic Income Fund |
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Class A: |
1.15% |
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Class B: |
1.90% |
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Class C: |
1.90% |
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Class Y: |
0.90% |
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Class I: |
0.90% |
The Hartford Tax-Free National Fund |
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Class A: |
0.85% |
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Class B: |
1.60% |
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Class C: |
1.60% |
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Class I: |
0.60% |
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Class L: |
0.80% |
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Class Y: |
0.60% |
The Hartford Total Return Bond Fund |
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Class A: |
1.00% |
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Class B: |
1.75% |
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Class C: |
1.75% |
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Class I: |
0.75% |
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Class R3: |
1.25% |
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Class R4: |
1.00% |
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Class R5: |
0.85% |
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Class Y: |
0.75% |
The Hartford Value Fund |
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Class A: |
1.40% |
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Class B: |
2.15% |
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Class C: |
2.15% |
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Class I: |
1.15% |
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Class R3: |
1.65% |
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Class R4: |
1.35% |
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Class R5: |
1.05% |
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Class Y: |
1.00% |
The Hartford Value Opportunities Fund |
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Class A: |
1.35% |
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Class B: |
2.10% |
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Class C: |
2.10% |
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Class I: |
1.10% |
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Class L: |
1.40% |
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Class R3: |
1.60% |
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Class R4: |
1.30% |
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Class R5: |
1.00% |
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Class Y: |
1.00% |
(1) For The Hartford Balanced Income Fund, effective October 1, 2009, the Adviser has contractually agreed to waive 0.50% of its management fees, until October 31, 2010. While such waiver is in effect, the Adviser has contracually agreed to reimburse expenses (exclusive of taxes, interest expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses) to the extent necessary to maintain total annual operating expenses for Class A,B,C and Y shares as reflected above for The Hartford Balanced Income Fund.
SCHEDULE B
The Hartford Balanced Allocation Fund |
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Class A: |
1.40% |
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Class B: |
2.15% |
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Class C: |
2.15% |
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Class I: |
1.15% |
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Class R3: |
1.78% |
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Class R4: |
1.48% |
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Class R5: |
1.18% |
The Hartford Checks and Balances Fund |
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Class A: |
1.25% |
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Class B: |
2.00% |
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Class C: |
2.00% |
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Class I: |
1.00% |
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Class R3: |
1.55% |
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Class R4: |
1.25% |
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Class R5: |
1.05% |
The Hartford Conservative Allocation Fund |
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Class A: |
1.35% |
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Class B: |
2.10% |
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Class C: |
2.10% |
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Class I: |
1.10% |
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Class R3: |
1.78% |
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Class R4: |
1.48% |
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Class R5: |
1.18% |
The Hartford Equity Growth Allocation Fund |
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Class A: |
1.60% |
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Class B: |
2.35% |
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Class C: |
2.35% |
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Class I: |
1.35% |
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Class R3: |
1.85% |
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Class R4: |
1.55% |
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Class R5: |
1.25% |
The Hartford Growth Allocation Fund |
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Class A: |
1.50% |
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Class B: |
2.25% |
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Class C: |
2.25% |
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Class I: |
1.25% |
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Class R3: |
1.81% |
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Class R4: |
1.51% |
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Class R5: |
1.21% |
The Hartford Target Retirement 2010 Fund |
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Class A: |
1.00% |
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Class R3: |
1.30% |
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Class R4: |
1.00% |
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Class R5: |
0.80% |
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Class Y: |
0.80% |
The Hartford Target Retirement 2015 Fund |
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Class R3: |
1.30% |
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Class R4: |
1.00% |
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Class R5: |
0.80% |
The Hartford Target Retirement 2020 Fund |
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Class A: |
1.05% |
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Class R3: |
1.35% |
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Class R4: |
1.05% |
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Class R5: |
0.85% |
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Class Y: |
0.85% |
The Hartford Target Retirement 2025 Fund |
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Class R3: |
1.35% |
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Class R4: |
1.05% |
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Class R5: |
0.85% |
The Hartford Target Retirement 2030 Fund |
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Class A: |
1.05% |
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Class R3: |
1.35% |
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Class R4: |
1.05% |
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Class R5: |
0.85% |
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Class Y: |
0.85% |
The Hartford Target Retirement 2035 Fund |
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Class R3: |
1.35% |
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Class R4: |
1.05% |
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Class R5: |
0.85% |
The Hartford Target Retirement 2040 Fund |
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Class R3: |
1.35% |
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Class R4: |
1.05% |
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Class R5: |
0.85% |
The Hartford Target Retirement 2045 Fund |
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Class R3: |
1.40% |
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Class R4: |
1.10% |
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Class R5: |
0.90% |
The Hartford Target Retirement 2050 Fund |
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Class R3: |
1.40% |
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Class R4: |
1.10% |
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Class R5: |
0.90% |