Hartford Funds Launches AARP Balanced Retirement Fund

KANSAS CITY, Missouri, July 10 -- Hartford Funds, an asset management firm, issued the following news release:

Hartford Funds today announced that it has introduced the Hartford AARP Balanced Retirement Fund (ticker: HAFIX). Sub-advised by Wellington Management Company LLP, the Hartford AARP Balanced Retirement Fund seeks to provide long-term total return while reducing downside risk and the impact of inflation on retirement accumulations. The new Fund expands Hartford Funds' lineup of multi-strategy mutual funds.

"For investors approaching or already in retirement, it's critical to develop a well-diversified portfolio that seeks to protect purchasing power and principal while maintaining opportunity for growth," said Vernon Meyer, Chief Investment Officer of Hartford Funds. "We are thrilled to leverage Wellington's investment platform to develop a multi-asset solution that offers investors the potential for both capital accumulation and loss mitigation during the retirement and near-retirement years."

The Fund will primarily invest in a broad range of equity and equity-related securities, debt securities, structured products, derivatives, money market instruments, and other investments, including other mutual funds and ETFs. The Fund's investment strategy is intended to generate real total return, with an emphasis on downside mitigation for investors in or near retirement, who have less tolerance for significant declines in the market, but also must generate real returns to meet spending needs.

Christopher J. Goolgasian, Managing Director and Portfolio Manager at Wellington Management, will serve as the Fund's portfolio manager.

"Financial security in retirement has always been at the heart of AARP's social mission. Employees nearing retirement need investment options designed to meet their specific needs. Many have saved and invested for decades and are now asking themselves, 'What do I do with my money now, with retirement just around the corner?' Hartford Funds has designed this product to help address that need," said John Larew, SVP Branded Products for AARP Services, Inc.

About Hartford Funds

Founded in 1996, Hartford Funds is a leading asset manager, which provides mutual funds, ETFs, and 529 college savings plans. Using its human-centric investing approach, Hartford Funds creates strategies and tools designed to address the needs and wants of investors. Leveraging partnerships with leading experts, Hartford Funds delivers insight into the latest demographic trends and investor behavior.

The firm's line-up includes more than 55 mutual funds in a variety of styles and asset classes, as well as a variety of multifactor and active ETFs. Its mutual funds (with the exception of certain fund of funds) are sub-advised by Wellington Management or Schroder Investment Management North America Inc. The strategic beta ETFs offered by Hartford Funds are designed to help address investors' evolving needs by leveraging a unique risk-optimized approach, which identifies risks within each asset class and then deliberately and systematically re-allocates capital toward risks more likely to enhance return potential. Excluding affiliated funds of funds, as of March 31, 2019, Hartford Funds Management Company, LLC and its wholly owned subsidiary, Lattice Strategies LLC, had approximately $117.6 billion in discretionary and non-discretionary assets under management. For more information about our investment family, visit www.hartfordfunds.com.

About Wellington Management

Wellington Management Company, LLP, is one of the world's largest independent investment management firms, overseeing US$1,072 billion as of March 31, 2019. As a private firm whose sole business is investment management, it seeks a long-term view and alignment of its interests with those of its clients. The firm's investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. Wellington Management serves clients in more than 60 countries. Firm assets include assets under management and non-discretionary assets.

About AARP

AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With nearly 38 million members and offices in every state, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, AARP works to strengthen communities and advocate for what matters most to families with a focus on health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit www.aarp.org or follow @AARP and @AARPadvocates on social media.

About AARP Services Inc.

AARP Services Inc., founded in 1999, is a wholly-owned taxable subsidiary of AARP. AARP Services manages the provider relationships for and performs quality control oversight of the wide range of products and services that carry the AARP name and are made available by independent providers as benefits to AARP's millions of members. The provider offers currently span health products, financial products, travel and leisure products, and life event services. Specific products include Medicare supplemental insurance; credit cards, auto and home, mobile home and motorcycle insurance, life insurance and annuities; member discounts on rental cars, cruises, vacation packages and lodging; special offers on technology and gifts; pharmacy services and legal services. AARP Services also engages in new product development activities for AARP.