JUNE 30, 2016World Bond FundSeeks capital appreciation with income as a secondary goal.Tickers I: HWDIX R3: HWDRX R4: HWDSX R5: HWDTX R6: HWDVX Y: HWDYXInception Date 05/31/2011Morningstar® Category World Bond CategoryLipper Peer Group Global IncomeAverage Annual Total Return (as of 6/30/16) SI=Since Inception Portfolio Manager from Wellington ManagementClass QTD YTD 1 Year 3 Year 5 Year 10 Year SI Mark H. Sullivan, CFA, CMTI 0.87 3.16 3.10 2.40 3.75 3.68 Senior Managing Director 3.05 Fixed-Income Portfolio ManagerR3 0.78 2.83 2.46 1.76 3.13 3.38 Professional Experience Since 2002R4 0.88 3.00 2.79 2.07 3.45 3.67 BA, Colgate UniversityR5 0.88 3.07 3.13 2.38 3.75 3.78R6 0.97 3.19 3.17 2.52 3.86 3.76 The portfolio manager is supported by theY 0.87 3.09 3.08 2.49 3.84 full resources of the firm.Citigroup World Government 3.41 10.74 11.26 2.65 1.18 Expenses (%)1Bond Index 2.28 6.64 4.76 1.95 1.61 I R3 R4 R5 R6 YMorningstar Category 2.39 6.14 4.38 2.24 2.15 Gross 0.77 1.39 1.08 0.83 0.74 0.67 Net 0.77 1.35 1.05 0.75 0.70 0.67Lipper Peer GroupShare Class Inception: I - 5/31/11; R3, R4, R5 - 5/31/11; R6 - 11/7/14; Y - 5/31/11.Class R6-share performance prior to its inception date reflects Class Y-share performance andoperating expenses. SI performance is calculated from 5/31/11.Citigroup World Government Bond Index is a market-capitalization-weighted index consisting ofgovernment bond markets. Country eligibility is determined based on market capitalization and investabilitycriteria. All issues have a remaining maturity of at least one year. This Index is unmanaged and notavailable for direct investment.Calendar Year Returns (%) Y Shares2015 2014 2013 2012-0.15 3.17 -0.14 9.23Performance data quoted represents past performance and does not guarantee futureresults. The investment return and principal value of an investment will fluctuate so thatan investor’s 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. For morecurrent performance information to the most recent month ended, please visithartfordfunds.com.Investors should carefully consider the investment objectives, risks, charges, and expensesof Hartford Funds before investing. This and other information can be found in theprospectus and summary prospectus, which can be obtained by calling 888-843-7824(retail) or 800-279-1541 (institutional). Investors should read them carefully before theyinvest.1 Expense ratios are as shown in the most recent prospectus. Net expenses reflect contractual expense reimbursements in instances when these reductions reduce the fund's gross expenses. Contractual reimbursements remain in effect until February 28, 2017 and automatically renew for one-year terms unless terminated. hartfordfunds.com
JUNE 30, 2016World Bond Fund Top Ten Countries (%) Top Ten Countries (%) Net Assets $3.5 billion # of Holdings 842as of 3/31/16 Fund as of 6/30/16 Fund Benchmark Turnover 23.83 Dividend Frequency 120%United States United States 40.03 32.30 QuarterlyAustralia 9.03 Australia Holdings CharacteristicsNorway 8.58 Denmark 14.22 1.43 Years To Worst 3.95 yrs.Denmark 8.56 Norway Effective Duration 2.81 yrs.Sweden 8.53 Canada 9.26 0.53 % Non-DollarCanada 8.16 Mexico 7%Mexico 5.26 South Korea 9.25 0.19South Korea 4.31 Cayman IslandsCayman Islands 2.98 New Zealand 6.80 1.55South Africa -6.26 United Kingdom 5.61 0.68 Sector Exposure (%) 4.79 0.00 Developed Global 3/31/16 6/30/16 Government Bonds 2.76 0.00 Global IG Corporates 57 53 Global Securitized 2.15 0.00 Emerging Markets 9 14 Global High Yield 15 13 -5.17 5.91 10 11The Top Ten Countries represent the Fund's top ten country exposures based on market exposure. 9 9Negative numbers indicate the Fund has investments that are expected to benefit if the country'sbonds decline in value. Top Ten Currencies (%) 79.06 Top Ten Currencies (%) 93.08 Credit Exposure† (%) 54 6.44 6.62 7as of 3/31/16 5.23 as of 6/30/16 3.62 Aaa/AAAUS Dollar 4.74 US Dollar 3.27 Aa/AA 12Swedish Krona 4.29 Mexican Peso 2.31 A 7Mexican Peso 3.44 Australian Dollar 2.17 Baa/BBB 6Norwegian Krone 3.26 Denmark Krone 0.38 Ba/BB 3Australian Dollar 3.04 New Zealand Dollar -0.88 B 4Denmark Krone -1.52 Norwegian Krone -2.19 Caa/CCC or lower 1Canadian Dollar -6.16 Swedish Krona -7.83 Not Rated 7New Zealand Dollar UK Sterling Cash & Cash OffsetsUK Sterling Hong Kong DollarEuro Currency Euro Currency Holdings and characteristics are subject to change. Percentages may be rounded.The Top Ten Currencies represent the Fund's top ten currency exposures based on underlyingcurrency exposure. Negative numbers indicate the Fund has investments that are expected to benefit †Credit exposure is the credit ratings for theif the currency declines in value. underlying securities of the Fund as provided by Standard and Poor's (S&P), Moody'sImportant Risks: All investments are subject to risk, including the possible loss of principal. There is no Investors Service, or Fitch and typically rangeguarantee the Fund will achieve its stated objective. The Fund’s share price may fluctuate due to market risk from AAA/Aaa (highest) to C/D (lowest). If S&P,and/or security selections that may underperform the market or relevant benchmarks. Fixed Income risks Moody's, and Fitch assign different ratings,include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall; the highest rating is used. If only two agenciesthese risks are currently heightened due to the historically low interest rate environment. Obligations of U.S. assign ratings, the highest rating is used.Government agencies are supported by varying degrees of credit but are generally not backed by the full faith Securities that are not rated by any of theand credit of the U.S. Government. Investments in high-yield (“junk”) bonds involve greater risk of price three agencies are listed as \"Not Rated.\"volatility, illiquidity, and default than higher-rated debt securities. Mortgage- and asset-backed securities’ Ratings do not apply to the Fund itself or torisks include credit, interest-rate, prepayment, and extension risk. Derivatives may be riskier or more volatile Fund shares. Ratings may change.than other types of investments because they are generally more sensitive to changes in market or economicconditions; risks include currency, leverage, liquidity, index, pricing, and counterparty risk. Foreign See below for Glossary of Terms.investments can be riskier than U.S. investments due to the adverse effects of currency exchange rates,differences in market structure and liquidity, as well as political and economic developments in foreigncountries and regions. These risks are generally greater for investments in emerging markets. The Fund mayhave high portfolio turnover, which could increase the Fund’s transaction costs and an investor’s tax liability.The Fund is non-diversified, so it may be more exposed to the risks associated with individual issuers than adiversified fund. Privately placed, restricted (Rule 144A) securities may be more difficult to sell and value thanpublicly traded securities, thus they may be potentially illiquid.Effective Duration is a measure of the sensitivity of an asset or portfolio’s price to nominal interest ratemovement. Years to Worst is the average time until the earliest date when the principal of the bond can berepaid.Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC. Hartford Funds ManagementCompany, LLC is the Funds’ investment manager. The Funds are sub-advised by Wellington Management CompanyLLP (with the exception of certain fund of funds), a SEC-registered investment adviser unaffiliated with HartfordFunds. INSFS_WRLDB_0716 108241-6
As of June 30, 2016 Goldman Sachs Strategic Income Fund (I Shares) (A Shares) Overall Morningstar Ratings based on 240 Nontraditional Bond Funds Class A: GSZAX | Class C: GSZCX | Class I: GSZIX | Class IR: GZIRX | Class R: GSZRX | Class R6: GSZUXNavigating Global Bond MarketsWith 10-year Treasury yields at 1.49%1—and the prospect of declining prices if interest ratesrise—US bond fund investors face strong headwinds. A more flexible strategy may potentiallyhelp identify additional income sources and navigate global market events.Diversified Sources of Less Interest Rate Dynamic, Flexible ApproachPotential Returns Sensitivity The team can potentially shift sector,The team seeks attractive return Interest rates directly impact bond security, duration and currencyopportunities across the global bond prices, but they do not have to dictate allocations as the team uncoversspectrum and invests in sectors that performance of a portfolio. Actively opportunities throughout the economicare overlooked or not easily accessible. managing interest rate sensitivity cycle. Our expert strategy teams canLeveraging more than 200 investment allows the team to potentially de- help investors implement positionsprofessionals, covering all sectors of emphasize duration and returns and uncover unique opportunities asthe global fixed income market, will generated from interest rate market conditions change.bring our highest conviction ideas to movements. In addition, the team can Goal: A dynamic and flexible approachthe portfolio. take bearish views on rising interest may potentially dampen the swings in rates which could potentially lead to portfolio value—because even withGoal: Investing across the global bond positive total returns. bonds, a loss of capital can occurspectrum may potentially providemultiple, diverse income sources, not Goal: Low sensitivity to ratetypically found in a portfolio, and the movements may potentially bringpotential for higher returns positive returns in any rate environmentWhy Explore Beyond Traditional Fixed Income Opportunities?Yield-to-Maturity as of 6.30.16Because, while traditional fixed income We believe today’s most compelling portfolios concentrate here… fixed income opportunities reside here... U.S. Investment Emerging Local Emerging U.S. High Yield Grade Corporates Markets Debt Markets Debt Corporates 7% 3% 5% 6% U.S.Government 1%Source: Barclays as of June 30, 2016. A traditional fixed income portfolio consists of government bonds, corporate bonds and US mortgage-backed securities and typically mirrors theBarclays US Aggregate Bond Index which represents an unmanaged diversified portfolio of fixed-income securities, including U.S. Treasuries, investment-grade corporate bonds,and mortgage-backed and asset-backed securities.Morningstar Risk-Adjusted Ratings: Nontraditional Bond Category- Class A Shares 3 Year 1 stars out of 240 funds, 5 Year 3 stars out of 163 funds. Class I Shares 3Year 2 stars out of 240 funds, 5 Year 4 stars out of 163 funds. The Overall Rating is derived from a weighted average of the performance figures associated with its3-, 5-, and 10-year (if applicable) Morningstar Rating Metrics.Yield-to-Maturity (YTM) is the rate of return anticipated on a bond if it is held until the maturity date, it does not reflect the yield for the Fund.Diversification does not protect an investor from market risk and does not ensure a profit.High yield, lower rated securities involve greater price volatility and present greater risks than higher rated fixed income securities. Fixed income securities of emerging markets areless liquid, are subject to greater price volatility and subject to the risks of currency fluctuations and sudden economic or political developments. The securities markets of emergingcountries have less government regulation and are subject to less extensive accounting and financial reporting requirements than the markets of more developed countries. USGovernment Bonds: Barclays US Government Index, which includes Treasuries and agencies; US Investment Grade Corporates: Barclays U.S Corporate Investment Grade Index,which includes publicly issued US corporate and specified foreign debentures and secured notes that meet the specified maturity, liquidity, and quality requirements. To qualify, bondsmust be SEC-registered; Emerging Markets Debt: JP Morgan EMBI Global Diversified Index, an unmanaged index of debt instruments of 31 emerging countries; Local EmergingMarkets Debt: JP Morgan Government Bond Index-Emerging Markets Global Diversified Index, an unmanaged index of debt instruments of 14 Emerging Countries; US High YieldCorporates: Barclays High Yield Municipal Bond Index an unmanaged index made up of bonds that are non-investment grade, unrated, or rated below Ba1 by Moody’s InvestorsService with a remaining maturity of at least one year. An investor cannot invest directly in an unmanaged index. Index figures do not reflect any deduction for fees, expenses or taxes.Past performance does not guarantee future results, which may vary. There is no guarantee that the Fund’s dynamic management strategy will cause it to achieveits investment objective. The yields shown do not represent the performance of the Fund. Rankings for other share classes may vary.
Goldman Sachs Strategic Income FundSector Allocations (%)2 27.5 Overview 19.7 A flexible global bond portfolio designed to serve as a core income-oriented investment.Governments 17.3Asset Backed Securities 8.1 Fund Total Returns (%) as of 6.30.16 30-DAY STANDARDIZED3 EXPENSEMortgage Backed Securities 6.7Quasi-Governments 3.5 30-Day RATIOS4Emerging Market Debt One Three Since Subsidized Unsubsidized DistributionHigh Yield 2.7 Inception Date: 6.30.10 Year Years Incept. Yield Yield Rates Net GrossCorporates 1.7Municipals 10.7 Class I -2.48 -0.26 2.55 2.57 0.00 2.05 0.57 0.57Cash 1.4Derivatives 0.7 Class A -2.81 -0.60 2.21 2.14 0.00 1.71 0.91 0.91Equities – 1.56 –– Class A Std. Total Rtns -6.44 (reflect max. initial sales charge)Jonathan Beinner The returns represent past performance. Past performance does not guarantee future results. The Fund’sCIO, Co-Head Global investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may beFixed Income and Liquidity worth more or less than their original cost. Current performance may be lower or higher than the performanceManagement quoted here. Please visit our Web site at www.GSAMFUNDS.com to obtain the most recent month-end27 Years of Investment returns.Experience Standardized Total Returns are average annual total returns or cumulative total returns (only if the performance period is one year or less) as of the most recent calendar quarter-end. They assume reinvestmentMichael Swell of all distributions at net asset value. Class A share return reflects the maximum initial sales charge of 3.75%.Co-Head of Global Portfolio Because Institutional Shares do not involve a sales charge, such a charge is not applied to their StandardizedManagement, Portfolio Manager Total Returns.23 Years of Investment The 30-Day Distribution Rate is calculated by taking the annualized accrued net income (income less expenses, alsoExperience known as the declared dividend) of the last 30 days, and dividing by the period end NAV. The net income is annualized by taking the 30 days of declared dividends, dividing by 30, and multiplying by 365.1. Source: Bloomberg as of June 30, 2016. 2. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. Fund holdingsand allocations may not include the Fund’s entire investment portfolio, which may change at any time. Fund holdings should not be relied on in making investment decisions and should notbe construed as research or investment advice regarding particular securities. Current and future holdings are subject to risk. 3. The method of calculation of the 30-Day StandardizedSubsidized Yield is mandated by the Securities and Exchange Commission and is determined by dividing the net investment income per share earned during the last 30 days of the period bythe maximum public offering price (“POP”) per share on the last day of the period. This number is then annualized. The 30-Day Standardized Subsidized Yield reflects fee waivers and/or expensereimbursements recorded by the Fund during the period. Without waivers and/or reimbursements, yields would be reduced. This yield does not necessarily reflect income actually earned anddistributed by the Fund and, therefore, may not be correlated with the dividends or other distributions paid to shareholders. The 30-Day Standardized Unsubsidized Yield does not adjust forany fee waivers and/ or expense reimbursements in effect. If the Fund does not incur any fee waivers and/or expense reimbursements during the period, the 30-Day Standard Subsidized Yieldand 30-Day Standardized Unsubsidized Yield will be identical. 4. The expense ratios of the Fund do not have a fee waiver and expense limitation. The Net and Gross expense ratioswill be the same.Fund Risk Considerations: The Goldman Sachs Strategic Income Fund invests in a broadly diversified portfolio of U.S. and foreign investment grade and non-investment grade fixed income investments including, but not limited to: U.S. government securities, non-U.S. sovereign debt, agency securities, corporate debt securities,agency and non-agency mortgage-backed securities, asset-backed securities, custodial receipts, municipal securities, loan participations and loan assignments andconvertible securities. Investments in fixed income securities are subject to the risks associated with debt securities generally, including credit, liquidity and interestrate risk. Investments in mortgage-backed securities are also subject to, among other risks, prepayment risk (i.e., the risk that in a declining interest rate environment,issuers may pay principal more quickly than expected, causing the Fund to reinvest proceeds at lower prevailing interest rates). High yield, lower rated investmentsinvolve greater price volatility, are less liquid and present greater risks than higher rated fixed income securities. Foreign and emerging markets investments may bemore volatile and less liquid than investments in U.S. securities and are subject to the risks of currency fluctuations and adverse economic or political developments. The Fundis also subject to the risk that the issuers of sovereign debt or the government authorities that control the payment of debt may be unable or unwilling to repay principal orinterest when due. The Fund may be more sensitive to adverse economic, business or political developments if it invests a substantial portion of its assets in bonds of similarprojects or in particular types of municipal securities. The Fund may invest in loans directly, through loan assignments, or indirectly, by purchasing participations or sub-participations from financial institutions. Indirect purchases may subject the Fund to greater delays, expenses and risks than direct obligations in the case that a borrower failsto pay scheduled principal and interest. Derivative instruments may involve a high degree of financial risk. These risks include the risk that a small movement in the price ofthe underlying security or benchmark may result in a disproportionately large movement, unfavorable or favorable, in the price of the derivative instrument; risks of default bya counterparty; and liquidity risk. At times, the Fund may be unable to sell certain of its illiquid investments without a substantial drop in price, if at all. The Fund is subjectto the risks associated with implementing short positions. Taking short positions involves leverage of the Fund’s assets and presents various other risks. Losses on shortpositions are potentially unlimited as a loss occurs when the value of an asset with respect to which the Fund has a short position increases.Derivatives (guidelines permitting) may include futures, swaps, options, and forwards and may be used for hedging purposes and/or to express outright investment views. The table’s marketvalue percentage total for derivatives reflects aggregated unrealized gains or losses on all derivative positions.Cash may include local currency, foreign currency, short-term investment funds, bank acceptances, commercial paper, margin, repurchase agreements, time deposits, variable-rate demandnotes, and/or money market mutual funds. The Cash category may show a negative market value percentage as a result of a) the timing of trade date versus settlement date transactions and/orb) the portfolio’s derivative investments, which are collateralized by the portfolio’s available cash and securities. Such securities are AAA rated by an independent rating agency, have durationsbetween -2 and 1 years, and are limited to the following sectors: governments, agencies, supranationals, corporates, and agency-backed adjustable-rate mortgages.Morningstar Ratings – Morningstar, Inc. is an independent publisher of mutual fund research and ratings. Ratings reflect a fund’s risk-adjusted 3-, 5-, and 10-year total returns, including any salescharge. A Fund is rated against all other funds in its category. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%; 3 stars to the next 35%; 2 stars to the next 22.5%; and 1 star to thebottom 10%. Morningstar only rates funds with at least a 3-year history.This material is not authorized for distribution unless preceded or accompanied by a current prospectus or summary prospectus, if applicable. Investorsshould consider the fund’s objectives, risks, and charges and expenses, and read the summary prospectus, if available, and the prospectus carefullybefore investing or sending money. The summary prospectus, if available, and the Prospectus contains this and other information about the Fund.Goldman, Sachs & Co. is the distributor of the Goldman Sachs Funds.© 2016 Goldman Sachs. All rights reserved.Date of First Use: 7/20/16. SIF_EFC/7-16 NOT FDIC-INSURED May Lose Value No Bank GuaranteeCompliance Code: 44258-OTU-04/2016
Search
