The Hartford Mutual Funds Expands Lineup with Two Global-Tactical Funds and an International Value Fund

The Hartford Mutual Funds today introduced three new funds. The Hartford Global Real Asset Fund¹ and The Hartford Global All-Asset Fund² offer investors global exposure at a time when global economies are changing rapidly and there is expanding demand for alternative investments.

"We expect these funds to be embraced by advisors whose clients seek active asset allocation, more sophisticated global diversification and long-term growth,” says Keith Sloane, senior vice president of The Hartford Mutual Funds.

The third new offering, The Hartford International Value Fund,³ offers investors the benefits of international exposure with a style-focused, large-cap value approach.

The funds are sub-advised by Wellington Management Company, LLP, an independent and unaffiliated sub-adviser to The Hartford.

The Hartford Global Real Asset Fund

The Fund seeks to provide a long-term total return that outpaces inflation over a macroeconomic cycle by investing in a globally diverse mix of inflation-related equity investments, inflation-linked bonds, and commodities.

The management team is led by Scott Elliott, a senior vice president at Wellington Management with 20 years of professional experience. Other team members include Brian Garvey, Jay Bhutani and Lindsey Thrift Politi. Portfolio managers are supported by the full resources of Wellington Management.

The portfolio managers have flexibility to adapt to distinct economic environments by rotating across asset classes based on their outlook for economic growth and inflation. Target ranges for each asset class are:

• Inflation-related stocks (40-70 percent)
• Inflation-linked bonds (20-50 percent)
• Commodities (0-25 percent)

"Traditional stock/bond portfolios often overlook asset classes that could provide relative outperformance in a rising inflation environment,” says Dr. Bob Froehlich, senior managing director of The Hartford Mutual Funds. "Investors who want to increase diversification to help protect against inflation should consider investing in real assets, such as commodities, natural resources or precious metals; inflation-sensitive stocks such as energy or agriculture; or TIPS.

"This Fund positions inflation as something that can work for you in a portfolio, rather than against you. U.S. inflation concerns remain low, but price pressures have sped up across the globe in emerging economies, highlighting the need for long-term inflation protection,” Froehlich says.

The Hartford Global Real Asset Fund’s Estimated Expenses

"Portfolio managers draw on Wellington Management’s seasoned research and investment capabilities for security selection,” says Sloane. "They have $25 billion⁶ under management in real-asset strategies and nearly two decades of experience with this investing discipline.”

The Hartford Global All-Asset Fund

The Fund has a flexible and adaptive investment approach that gives portfolio managers the freedom to invest in any country, sector, or asset class, including stocks, bonds, cash, commodity-related instruments, currencies, and derivatives.

The Fund is also led by Elliott and other team members include Garvey and Stephen Gorman.

Managers use a top-down asset allocation and bottom-up security selection process to allocate the Fund to address changing market opportunities. The goal of the Fund is to provide investors competitive returns with less risk than the stock market. Target asset allocation ranges are:

• Stocks (40-80 percent)
• Bonds (20-60 percent)
• Commodities (Up to 25 percent)

"This fund is different because it can touch any investment, any trend, anywhere in the world,” says Froehlich. "The continued trend of globalization highlights the need for investment strategies like this that are both global and flexible, helping to give investors broad global diversification.”

The Hartford Global All-Asset Fund’s Estimated Expenses

"Global All-Asset draws on Wellington Management’s proprietary research to identify global themes and opportunities that help shape the portfolio,” says Sloane. "They have over $16 billion in assets⁶ in multi-asset strategies and 20 years of experience managing multi-asset portfolios.”

The Hartford International Value Fund

The Fund invests at least 65 percent of its assets in equity securities of foreign issuers. It employs a traditional value philosophy to identify common stocks of companies that:

• Are financially sound but temporarily out of favor;
• Provide above-average total-return potential;
• Sell at below-average price-to-earnings ratios.

The Hartford International Value Fund’s Estimated Expenses

The Fund is managed by Toby Jayne, a vice president at Wellington Management with 12 years of professional experience.

Building a New Approach

"Advisors are eager for exposure to non-traditional asset classes as well as a flexible mandate, and mutual funds with tactical exposure to the alternative space, such as commodities, TIPS, or precious metals can be an important part of their clients’ portfolios,” says Sloane. "But we also need to provide additional resources for advisors to help educate their clients about how asset classes and strategies with low correlation to broad equity and fixed income markets can fit within a core portfolio to complement other holdings.”

To address this need for education, The Hartford Mutual Funds developed a lineup of client and advisor materials about the three new funds. Clients can download fund fact sheets, brochures and other content on global investing on http://www.hartfordmutualfunds.com/newfunds.

Advisors registered at HartfordMutualFunds.com have access to white papers from Wellington Management on diversified inflation hedging, commodities, natural resources and real estate, as well as audio recordings from the portfolio managers about the funds and their investment strategies.

The Hartford Mutual Funds will host a conference call for advisors about the new funds on June 22, 2010.

About The Hartford Mutual Funds

The Hartford Mutual Funds, established in 1996, offers a wide array of both broad-mandate and style-focused equity and fixed-income investment options. The Hartford Mutual Funds draw on the investment strength, experience and expertise of sub-advisers Wellington Management and Hartford Investment Management. These two organizations bring their decades of market experience, in-house investment capabilities, rigorous research and time-tested investment process to bear in managing the funds to help The Hartford Mutual Fund investors meet their long-term financial goals. Mutual Fund assets under management were $95.8 billion as of March 31, 2010. For more information on The Hartford Mutual Funds, including current holdings, visit www.hartfordmutualfunds.com.

About The Hartford

Celebrating 200 years, The Hartford (NYSE: HIG) is an insurance-based financial services company that serves households, businesses and employees by helping to protect their assets and income from risks, and by managing wealth and retirement needs. A Fortune 100 company, The Hartford is recognized widely for its service expertise and as one of the world’s most ethical companies. More information on the company and its financial performance is available at www.thehartford.com.

HIG-L

Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2009 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.

You should carefully consider investment objectives, risks, and charges and expenses of The Hartford Mutual Funds before investing. This and other information can be found in the Fund's prospectus, which can be obtained from your investment representative or by calling 888-843-7824. Please read it carefully before you invest or send money.

1 Assets may be allocated among different asset classes in a manner that results in the Fund underperforming its peers. Although allocation among different asset classes generally limits the Fund’s exposure to the risks of any one class, Sub-Adviser may favor an asset class that performs poorly relative to another asset class.

Exposure to the commodities markets may subject the Fund to greater volatility than investments in traditional securities. The value of commodity-linked derivative investments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity.

The Fund may invest in derivatives, which carry different (and possibly greater) risks than direct investments in issuers, and are very dependent upon the sub-adviser's judgment. In addition, investments in derivative instruments are subject to the risk that the counterparty in a transaction will be unable to honor its financial obligation to the Fund.

The Fund is subject to credit risk (the risk that the issuing company may not be able to pay interest and principal when due), interest rate risk (the risk that your investment may go down in value when interest rates rise), and risk of loss (the risk that you could lose money on your investment).

A portion of this Fund’s assets may be below investment grade securities ("high-yield securities" or "junk bonds"), which are rated lower because there is a greater possibility that the issuer may be unable to make interest and principal payments on those securities.

The Fund's investments will be concentrated in the natural resources sector, which may pose greater liquidity risk and increase the risk of loss due to factors that affect that sector.

The price of an inflation-protected debt security can decrease when real interest rates increase, and can increase when real interest rates decrease. Interest payments on inflation-protected debt securities will fluctuate as the principal and/or interest is adjusted for inflation and can be unpredictable and may result in taxable ordinary income for shareholders, even though investors do not receive their principal until maturity.

The Fund may invest in foreign securities, which can be riskier than investments in U.S. securities (risks may include currency risk, illiquidity risks, and risks from substantially lower trading volume on foreign markets).

The Fund may invest in securities of companies that conduct their principal business activities (or that trade principally on exchanges) in emerging markets (including Asia, Latin America, Eastern Europe, and Africa), which is riskier than investing in securities of more developed countries (including risks of illiquidity and increased price volatility).

The sub-adviser's investment strategy will influence performance significantly and the Fund could underperform its peers or lose money if that strategy does not perform as expected.

The Fund may invest a portion of its assets in a wholly owned subsidiary organized in the Cayman Islands. The Fund is indirectly exposed to the risks associated with the subsidiary’s investments. Since the subsidiary is not registered in the United States, is not subject to all the investor protections of the U.S. securities laws. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the subsidiary to operate as expected.

2 Assets may be allocated among different asset classes in a manner that results in the Fund underperforming its peers. Although allocation among different asset classes generally limits the Fund’s exposure to the risks of any one class, Sub-Adviser may favor an asset class that performs poorly relative to another asset class.

Exposure to the commodities markets may subject the Fund to greater volatility than investments in traditional securities. The value of commodity-linked derivative investments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity.

The Fund may invest in derivatives, which carry different (and possibly greater) risks than direct investments in issuers, and are very dependent upon the sub-adviser's judgment. In addition, investments in derivative instruments are subject to the risk that the counterparty in a transaction will be unable to honor its financial obligation to the Fund.

The Fund is subject to credit risk (the risk that the issuing company may not be able to pay interest and principal when due), interest rate risk (the risk that your investment may go down in value when interest rates rise), and risk of loss (the risk that you could lose money on your investment).

A portion of this Fund’s assets may be below investment grade securities ("high-yield securities" or "junk bonds"), which are rated lower because there is a greater possibility that the issuer may be unable to make interest and principal payments on those securities.

The Fund may invest in foreign securities, which can be riskier than investments in U.S. securities (risks may include currency risk, illiquidity risks, and risks from substantially lower trading volume on foreign markets).

The Fund may invest in securities of companies that conduct their principal business activities (or that trade principally on exchanges) in emerging markets (including Asia, Latin America, Eastern Europe, and Africa), which is riskier than investing in securities of more developed countries (including risks of illiquidity and increased price volatility).

The sub-adviser's investment strategy will influence performance significantly and the Fund could underperform its peers or lose money if that strategy does not perform as expected.

The Fund may invest a portion of its assets in a wholly owned subsidiary organized in the Cayman Islands. The Fund is indirectly exposed to the risks associated with the subsidiary’s investments. Since the subsidiary is not registered in the United States, is not subject to all the investor protections of the U.S. securities laws. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the subsidiary to operate as expected.

3 The Fund is subject to credit risk (the risk that the issuing company may not be able to pay interest and principal when due), interest-rate risk (the risk that your investment may go down in value when interest rates rise), and risk of loss (the risk that you could lose money on your investment).

The Fund may invest in foreign securities, which can be riskier than investments in U.S. securities (risks may include currency risk, illiquidity risks, and risks from substantially lower trading volume on foreign markets).

The Fund may invest in securities of companies that conduct their principal business activities (or that trade principally on exchanges) in emerging markets (including Asia, Latin America, Eastern Europe, and Africa), which is riskier than investing in securities of more developed countries (including risks of illiquidity and increased price volatility).

The Fund invests in value stocks, which may be more volatile because they may go in and out of favor and are sensitive to investors' perceptions about the value potential of the issuing company.

4 Gross operating expenses shown are before management fee waivers or expense caps. Performance information may reflect historical or current expense waivers or reimbursements, without which, performance would have been lower. For more information on fee waivers and/or expense reimbursements, please see the expense table in the prospectus.

5 Net operating expenses are the expenses you are currently paying to own the Fund. If the net operating expenses shown are lower than the gross operating expenses, then the net operating expenses reflect contractual fee waivers and expense reimbursements that may not be renewed. Certain contractual fee waivers expire on May 31, 2011. Other contractual fee waivers or reimbursements remain in effect until February 28, 2011, and automatically renew for one-year terms unless terminated by the Fund’s Adviser (HIFSCO) or Transfer Agent (HASCO). For more information about the fee arrangements and expiration dates, please see the expense table in the prospectus.

6 As of 3/31/10

Mutual fund inception dates range from 1949 to date. The Hartford Mutual Funds are not a subsidiary of The Hartford but are underwritten, distributed by, and advised by subsidiaries of The Hartford. Investments in The Hartford Mutual Funds are not guaranteed by The Hartford or any other entity. The Hartford Mutual Funds are underwritten and distributed by Hartford Investment Financial Services, LLC.

Wellington Management Company, LLP is an independent and unaffiliated sub-adviser to The Hartford.

The Hartford Mutual Funds are underwritten and distributed by Hartford Investment Financial Services, LLC.

"The Hartford" is The Hartford Financial Services Group, Inc. and its subsidiaries.