http://www.sec.gov/Archives/edgar/data/1006415/000110465914014800/a14-7005_3497.htm497 1 a14-7005_3497.htm 497
SUPPLEMENT
DATED MARCH 1, 2014 TO THE FOLLOWING PROSPECTUSES:
THE HARTFORD TARGET RETIREMENT 2010 FUND
THE HARTFORD TARGET RETIREMENT 2015 FUND
THE HARTFORD TARGET RETIREMENT 2020 FUND
THE HARTFORD TARGET RETIREMENT 2025 FUND
THE HARTFORD TARGET RETIREMENT 2030 FUND
THE HARTFORD TARGET RETIREMENT 2035 FUND
THE HARTFORD TARGET RETIREMENT 2040 FUND
THE HARTFORD TARGET RETIREMENT 2045 FUND
THE HARTFORD TARGET RETIREMENT 2050 FUND
EACH PROSPECTUS DATED MARCH 1, 2014 AND
SUMMARY PROSPECTUS DATED MARCH 1, 2014
(EACH IS A SERIES OF THE HARTFORD MUTUAL FUNDS, INC.)
On December 13, 2013, the Board of Directors of The Hartford Mutual Funds, Inc. (the “Company”) approved a Plan of Liquidation for each of The Hartford Target Retirement 2010 Fund, The Hartford Target Retirement 2015 Fund, The Hartford Target Retirement 2020 Fund, The Hartford Target Retirement 2025 Fund, The Hartford Target Retirement 2030 Fund, The Hartford Target Retirement 2035 Fund, The Hartford Target Retirement 2040 Fund, The Hartford Target Retirement 2045 Fund and The Hartford Target Retirement 2050 Fund (each, a “Fund” and together, the “Funds”) pursuant to which the Funds will be liquidated (the “Liquidations”) on or about June 25, 2014 (the “Liquidation Date”). If you are invested in a Fund through a qualified account, such as an individual retirement account (“IRA”), important information applies to you and is provided below.
SUSPENSION OF SALES. The Funds no longer sell shares to new investors. The Funds will remain open to existing retirement plans and current shareholders until shortly before the Liquidation Date.
LIQUIDATION OF ASSETS. To prepare for the Liquidations, the Funds may depart from their stated investment objectives and policies as they prepare to distribute their assets to investors. In connection with the Liquidation, any shares of a Fund outstanding on the Liquidation Date will automatically be redeemed by the Fund on the Liquidation Date. The proceeds of any such redemption will be equal to the net asset value of such shares after all charges, taxes, expenses and liabilities of a Fund have been paid or provided for. The distribution to shareholders of the Liquidation proceeds will occur on the Liquidation Date, and will be made to all shareholders of record as of the close of business on the business day preceding the Liquidation Date, other than as disclosed below under “Important Information if you are invested in a Fund through a qualified account.”
OTHER ALTERNATIVES. At any time prior to the Liquidation Date, shareholders of a Fund may redeem their shares of the Fund and receive the net asset value thereof, pursuant to the procedures set forth in the Prospectus. Shareholders may exchange their Fund shares for shares of the same class of another Hartford Fund. Class A shareholders may exchange their Class A shares of a Fund for Class A share of another Hartford Fund prior to the Liquidation Date, at net asset value without incurring an additional front-end sales charge.
U.S. FEDERAL INCOME TAX MATTERS. The Liquidation of a Fund will be a realization event for shareholders holding shares through taxable accounts, meaning that if you receive an amount in liquidation of a Fund in excess of your tax basis, you will realize a capital gain, and if you receive an amount in liquidation of a Fund less than your tax basis, you will realize a capital loss. Prior to the Liquidation Date, a Fund may make distributions of income and capital gains, which may be taxable. If you have questions, you should consult your tax adviser for information regarding all tax consequences applicable to your investment in a Fund. Generally, the Liquidation of a Fund will not be a taxable event if you are invested in a Fund through a tax-deferred arrangement, such as such as a 401(k) plan or an individual retirement account. Such tax-deferred arrangements may be taxed later upon withdrawal of monies from those arrangements.
FINANCIAL INTERMEDIARY. If you are invested in a Fund through a financial intermediary, please contact that financial intermediary if you have any questions. If you are invested in a qualified account (example, IRA), you must work with the financial intermediary to direct your investment in order to avoid possible tax penalties.
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IMPORTANT INFORMATION IF YOU ARE INVESTED IN A FUND THROUGH A QUALIFIED ACCOUNT AND YOU OPENED YOUR ACCOUNT DIRECTLY WITH HARTFORD FUNDS.
401k, Pension and Profit Sharing Plans.
If you are invested in a Fund through a 401k, Pension and Profit Sharing Plan, and we do not receive directions from you or the plan’s trustee, we will send a liquidating distribution to the trustee in the trustee’s name.
Traditional IRA, Roth IRA, SIMPLE, SEP AND 403 Plans (“Qualified Account”).
We encourage shareholders invested in the Funds through Qualified Accounts to provide instructions for the exchange or reinvestment of Fund shares prior to the Liquidation Date. If a Qualified Account shareholder does not provide these instructions, Fund shares held on the Liquidation Date in a Fund will be exchanged for shares of The Hartford Short Duration Fund to the extent permitted by that shareholder’s Qualified Account custodial agreement. If a shareholder’s Qualified Account custodial agreement does not authorize the investment of the account into The Hartford Short Duration Fund, then the liquidation proceeds will be returned by mail to the shareholder’s attention but made payable to the applicable Qualified Account custodian in order to avoid adverse tax consequences...
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