Hartford Investments expands core solutions lineup with the launch of a new fund and addition of T units



    New solutions, other platform changes position Hartford Mutual Funds for
    continued strong growth in the Canadian mutual fund marketplace

    TORONTO, July 3 /CNW/ - Hartford Investments Canada Corp. ("Hartford
Investments"), the manager of Hartford Mutual Funds, Canada's fastest growing
mutual fund company in 2006 and 2007(1), announced today that it will be
expanding its lineup of core mutual fund solutions with the launch of Hartford
Global High Income Fund and the addition of T Unit purchase options on eight
Hartford Mutual Funds.
    "Adding solutions like T Units and Hartford Global High Income Fund
address the need for a predictable, tax efficient cash stream for Canadians in
their retirement years," said Laurie Davis, President of Hartford Investments.
    Hartford Mutual Funds purchased as T Units are designed to pay investors
a monthly distribution of 6% of the unit's value (annualized) as Return on
Capital (ROC), which is not immediately taxable. Unlike some funds, Hartford
Mutual Funds' T Unit distributions are 100% ROC, making tax management much
simpler for investors. Other distributions on account of income or capital
gains, are automatically reinvested into the fund, helping preserve capital
longer.
    The investment objective of Hartford Global High Income Fund (the "New
Fund") is to provide a high level of current income with the potential for
capital appreciation. Subadvised by fixed income manager Hartford Investment
Management Company, the New Fund will generally hold a diversified portfolio
of investments from anywhere across the global fixed income spectrum provided
the overall portfolio maintains an investment grade average investment quality
rating, defined as BBB or above by Standard & Poor's or the equivalent rating
from another rating agency.
    These additions to Hartford Investments' lineup of Hartford Mutual Funds
are part of a broader group of changes designed to address immediate investor
needs and strengthen the firm's solution platform for future growth.

    
    -----------------------------

    (1) Source: Investment Funds Institute of Canada statistics, December 31,
        2006 and December 31, 2007


    Other changes include:

    -   Streamlining and redesignating Hartford Investments' class structure
        to create consistent back end purchase options - Class B and Class T
        (B) - with DSC and two low load pricing options.

    -   Offering a premium yield rate of 5% on Hartford DCA Advantage Program
        six-month series units, maintaining the firm's industry-leading
        position on DCA premium rate programs.

    -   Expanding Hartford DCA Advantage Program to include DCA Class F
        units.

    -   Effective July 3, 2008 changing the name of Hartford Canadian Equity
        Income Fund to Hartford Canadian Dividend Fund to more accurately
        reflect the Fund's mandate.

    Additional details of the changes launched by Hartford Investments are
outlined below and such changes are subject to regulatory approval.


    1.     Changes to Existing Funds
    

    In respect of Hartford Capital Appreciation Fund, Hartford Global Leaders
Fund, Hartford U.S. Dividend Growth Fund, Hartford Canadian Stock Fund,
Hartford Canadian Value Fund, Hartford Canadian Dividend Fund, Hartford Global
Balanced Fund, Hartford Canadian Balanced Fund, Hartford U.S. Stock Fund,
Hartford Canadian Dividend Growth Fund, Hartford Canadian Bond Fund and
Hartford Canadian Money Market Fund (the "Existing Funds") changes include all
issued Class L1 units and Class L3 units being redesignated as Class B units
effective on or about July 18, 2008 as further described below. Also, in
respect of the Existing Funds other than Hartford U.S. Stock Fund, Hartford
Canadian Dividend Growth Fund, Hartford Canadian Bond Fund and Hartford
Canadian Money Market Fund, two new classes of units are being added namely,
Class T(A) units and Class T(B) units to each of the Existing Funds other than
Hartford Canadian Balanced Fund, Hartford U.S. Stock Fund, Hartford Canadian
Dividend Growth Fund, Hartford Canadian Bond Fund and Hartford Canadian Money
Market Fund. Also, in respect of Hartford Canadian Money Market Fund, all
issued DCA Class L1 units and DCA Class L3 units are being redesignated as DCA
Class B units effective on or about July 18, 2008 as further described below,
and one new class of units namely, DCA Class F units shall be added to
Hartford Canadian Money Market Fund.

    
    2.     New DSC Purchase Options

    New contingent sales charge options will be introduced effective July 3,
2008 in respect of purchases of Class B units of all of the Funds and DCA
Class B units of Hartford Canadian Money Market Fund which will be consistent
with the sales charge options introduced for the new Class T(B) units.
Investors will have the following three different options when purchasing
Class B units, Class T(B) units and DCA Class B units ("DSC Units"):

    -   DSC Option: A contingent deferred sales charge at the time of
        redemption if redeemed within six years from the date of investment
        (the "DSC Option"); or

    -   Low Load L3 Option: A contingent deferred sales charge at the time of
        redemption if redeemed within three years from the date of investment
        (the "Low Load L3 Option"); or

    -   Low Load L1 Option: A contingent deferred sales charge at the time of
        redemption if redeemed within two years from the date of investment
        (the "Low Load L1 Option").
    

    DSC units (including units of a Fund issued on the transfer of DSC units
of other Funds) that are redeemed within six years from the date of buying the
original DSC units under the DSC Option, within two years of buying the
original DSC units under the Low Load L1 Option or within three years of
buying the original DSC units under the Low Load L3 Option are subject to a
redemption charge that declines over time as follows:

    
    -------------------------------------------------------------------------
    IF REDEEMED             REDEMPTION CHARGE AS % OF COST OF PURCHASE OF
    DURING THE              CLASS B UNITS, CLASS T(B) UNITS OR DCA CLASS B
    FOLLOWING               UNITS UNDER:
    PERIOD AFTER
    ISSUE                   -------------------------------------------------
                                DSC Option        Low Load        Low Load
                                                 L1 Option       L3 Option
    -------------------------------------------------------------------------
    During the 1st year            6.0%            2.0%            4.0%
    -------------------------------------------------------------------------
    During the 2nd year            5.0%            1.5%            3.0%
    -------------------------------------------------------------------------
    During the 3rd year            4.0%             Nil            2.0%
    -------------------------------------------------------------------------
    During the 4th year            3.0%             Nil             Nil
    -------------------------------------------------------------------------
    During the 5th year            2.0%             Nil             Nil
    -------------------------------------------------------------------------
    During the 6th year            1.0%             Nil             Nil
    -------------------------------------------------------------------------
    Thereafter                      Nil             Nil             Nil
    -------------------------------------------------------------------------

    3.     Class Closures and Redesignations
    

    Effective July 4, 2008, Class L1 units and Class L3 units of each of the
Funds (other than the New Fund which does not offer Class L1 units and Class
L3 units) and DCA Class L1 units and DCA Class L3 units of Hartford Canadian
Money Market Fund will be closed to new subscriptions and effective on or
about July 18, 2008 all issued Class L1 units and Class L3 units will be
redesignated as Class B units of such Funds and all issued DCA Class L1 units
and DCA Class L3 units will be redesignated as DCA Class B units of Hartford
Canadian Money Market Fund (all at their then respective net asset values per
unit). With a "redesignation" the particular class of units of a Fund that the
investor holds at the time is changed so that the investor's holding is of a
different class of units of that Fund as a result of the redesignation. An
investor does not need to take any action at the time of the redesignation for
this to occur and such redesignated units will continue to be subject to the
redemption charges that applied to the original units.

    
    4.     Reduced Management Fee for Class B units

    Effective July 3, 2008, the annual management fee applicable to the Class
B units of each of the Existing Funds other than Hartford Canadian Bond Fund
and Hartford Canadian Money Market Fund will be reduced by 5 bps (0.05%) per
Class B unit.

    5.     Prospectus Filing
    

    A prospectus relating to the New Fund and an amendment to the prospectus
dated April 24, 2008, as amended, relating to the Existing Funds (the
"Prospectus") to reflect the above noted changes has been filed with
securities regulators and is subject to regulatory approval. Full details
regarding the above noted changes including a full description of the T(A)
units, T(B) units and DCA Class F units and the redesignations of the Class L1
units, Class L3 units DCA Class L1 units and DCA Class L3 units are set out in
the Prospectus, as amended.

    Hartford Investments: Hartford Investments was founded in 2000 and is an
indirect wholly owned subsidiary of The Hartford Financial Services Group,
Inc. a leading global provider of investment products, life insurance and
group benefits. With over $1 billion in assets under management as of April
2008, Hartford Investments currently offers a suite of twelve mutual funds,
namely, Hartford Capital Appreciation Fund, Hartford Global Leaders Fund,
Hartford U.S. Stock Fund, Hartford U.S. Dividend Growth Fund, Hartford
Canadian Stock Fund, Hartford Canadian Value Fund, Hartford Canadian Dividend
Growth Fund, Hartford Canadian Dividend Fund, Hartford Global Balanced Fund,
Hartford Canadian Balanced Fund, Hartford Canadian Bond Fund and Hartford
Canadian Money Market Fund, each of which is a reporting issuer in all of the
Canadian Provinces and Territories.
    Commissions, trailing commissions, management fees, and expenses all may
be associated with mutual fund investments. Please read the prospectus before
investing. Mutual funds are not guaranteed, their values change frequently,
and past performance may not be repeated.

    %SEDAR: 00013658EF




For further information:

For further information: Mary Taylor, Senior Vice-President, Marketing
and Product of Hartford Investments, at (416) 306-6085 or e-mail
mary.taylor@hartfordinvestments.ca; or David Rutherford, Vice-President,
Marketing of Hartford Investments, at (416) 306-6084 or e-mail
david.rutherford@hartfordinvestments.ca

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HARTFORD INVESTMENTS CANADA CORP.

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