Summary Prospectus by Investment Company (Form 497K)

February 27, 2026

Summary Prospectus

Hartford Moderately Aggressive Allocation Fund (formerly, The Hartford Growth Allocation Fund) 

Class A	Class C	Class I	Class R3	Class R4	Class R5	Class F
HRAAX	HRACX	HRAIX	HRARX	HRASX	HRATX	HRAFX

Before you invest, you may want to review the Fund's prospectus, which contains more information about the Fund and its risks. You can find the Fund's prospectus, reports to shareholders, and other information about the Fund online at http://www.hartfordfunds.com/prospectuses.html. You can also get this information at no cost by calling 1-888-843-7824 or request a copy of the prospectus by sending an e-mail to [email protected]. The Fund's prospectus and statement of additional information dated February 27, 2026, each as may be amended, supplemented or restated, are incorporated by reference into this summary prospectus. The Fund's statement of additional information may be obtained, free of charge, in the same manner as the Fund's prospectus.

INVESTMENT OBJECTIVE. The Fund seeks long-term capital appreciation.

YOUR EXPENSES. The table below describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and example below. Please contact your financial intermediary for more information regarding whether you may be required to pay a brokerage commission or other fees. You may qualify for sales charge discounts for Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in certain classes of Hartford mutual funds or in The Hartford® SMART529® College Savings Plan. More information about these and other discounts is available from your financial professional and in the "How Sales Charges Are Calculated" section beginning on page 103 of the Fund's statutory prospectus. Descriptions of any financial intermediary specific sales charge waivers and discounts are set forth in Appendix A to the statutory prospectus.

Shareholder Fees (fees paid directly from your investment): 

Share Classes	A	C	I	R3	R4	R5	F
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	5.50%	None	None	None	None	None	None
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is less)	None(1)	1.00%	None	None	None	None	None

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment): 

Share Classes	A	C	I	R3	R4	R5	F
Management fees	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%
Distribution and service (12b-1) fees	0.25%	1.00%	None	0.50%	0.25%	None	None
Other expenses	0.20%	0.30%	0.18%	0.28%	0.23%	0.16%	0.06%
Acquired fund fees and expenses	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%
Total annual fund operating expenses(2)	1.08%	1.93%	0.81%	1.41%	1.11%	0.79%	0.69%

Example. The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then, except as shown below, redeem all of your shares at the end of those periods. The example also assumes that:

Although your actual costs may be higher or lower, based on these assumptions your costs would be: 

Share Classes	Year 1	Year 3	Year 5	Year 10
A	$654	$875	$1,113	$1,795
C	$296	$606	$1,042	$2,254
I	$83	$259	$450	$1,002
R3	$144	$446	$771	$1,691
R4	$113	$353	$612	$1,352
R5	$81	$252	$439	$978
F	$70	$221	$384	$859

 

C

$196

$606

$1,042

$2,254

Portfolio Turnover. The Fund will pay transaction costs, such as commissions, when it buys and sells shares of affiliated exchange traded funds (or "turns over" its portfolio). The Fund will not incur transaction costs when it buys and sells affiliated mutual funds, but it could incur transaction costs if it were to buy and sell other types of securities directly. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the fiscal year ended October 31, 2025, the Fund's portfolio turnover rate was 37% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGY. The Fund seeks to meet its investment objective through investment in a combination of other mutual funds and exchange traded funds ("ETFs") advised by Hartford Funds Management Company, LLC (the "Investment Manager") or a wholly owned subsidiary of the Investment Manager (the "Underlying Funds"). The Underlying Funds include fixed income funds, equity funds and funds that may have exposures to alternative asset classes, including commodities. The Fund may also invest in one or more unaffiliated money market funds.

The Investment Manager anticipates allocating approximately 65%-95% of the Fund's total assets to the equity component and approximately 5%-35% of the Fund's total assets to the fixed income component. The Investment Manager may change these target allocations depending on its analysis of global financial markets and macro-economic trends. The Investment Manager regularly reviews and adjusts the allocations to favor investments in those Underlying Funds that it believes will provide the most favorable outlook for achieving the Fund's investment objective.

The equity component is generally comprised of domestic, global and international equity funds and/or equity related investments. The fixed income component is generally comprised of fixed income funds investing in several asset classes of varying credit quality and duration profiles and/or fixed income related investments. The Fund may also invest in Underlying Funds that allocate to alternative asset classes, including commodities.

The Underlying Funds use a broad array of investment strategies. The Underlying Funds may invest in many types of instruments, including but not limited to equity and equity related securities across the market capitalization spectrum, fixed income instruments of varying credit quality and duration, and derivatives. The debt securities in which certain Underlying Funds may invest include government (including sovereign debt), government agency, corporate, mortgage-backed and asset-backed securities, among other types of debt securities, with a variety of maturities and qualities that range from investment grade to below investment grade (also referred to as "junk bonds"), and unrated securities determined to be of comparable quality. The Underlying Funds may invest in domestic and foreign securities, including emerging market securities.

PRINCIPAL RISKS. The principal risks of investing in the Fund are described below. When you sell your shares they may be worth more or less than what you paid for them, which means that you could lose money as a result of your investment. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. As with any fund, there is no guarantee that the Fund will achieve its investment objective.

Fund of Funds Risk -  The Fund's investment performance is directly related to the investment performance of the Underlying Funds it holds and changes in the value of such Underlying Funds may have a significant effect on the net asset value of the Fund. If one or more Underlying Funds fail to meet their investment objectives, the Fund's performance could be negatively affected. The Fund's strategy for allocating assets among different asset classes and Underlying Funds may not work as intended and the Fund may underperform funds with similar investment strategies. By investing in the Fund, you will indirectly bear fees and expenses charged by the Underlying Funds, in addition to the Fund's direct fees and expenses. Management of the Fund entails potential conflicts of interest because the Fund

invests in affiliated Underlying Funds. The Fund may invest in Underlying Funds that are recently organized. There can be no assurance that a new Underlying Fund will reach or maintain a sufficient asset size to effectively implement its investment strategy. In addition, until the Underlying Fund achieves sufficient scale, the Fund may indirectly bear higher expenses than it would experience if it invested in a fund with a larger asset base. The Fund is also subject to the risks associated with the Underlying Funds in proportion to its investment.

The risks of the Underlying Funds include risks specific to their strategies, such as:

Market Risk -  Market risk is the risk that one or more markets in which the Fund invests will go down in value, including the possibility that the markets will go down sharply and unpredictably. Securities of a company may decline in value due to its financial prospects and activities, including certain operational impacts, such as data breaches and cybersecurity attacks. Securities may also decline in value due to general market and economic movements and trends, including adverse changes to credit markets, or as a result of other events (or threat thereof), such as geopolitical events, natural disasters, or widespread pandemics (such as COVID-19) or other adverse public health developments.

Active Investment Management Risk -  The risk that, if the Investment Manager's investment strategy does not perform as expected, the Fund could underperform its peers or lose money.

Large Shareholder Transaction Risk -  The Fund may experience adverse effects when certain large shareholders redeem or purchase large amounts of shares of the Fund. Such redemptions may cause the Fund to sell securities at times when it would not otherwise do so or borrow money (at a cost to the Fund), which may negatively impact the Fund's performance and liquidity. Similarly, large purchases may adversely affect the Fund's performance to the extent that the Fund is delayed in investing new cash and is required to maintain a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs.

The Fund is subject to certain other risks. For more information regarding risks and investments, please see "Additional Information Regarding Investment Strategies and Risks" and "More Information About Risks" in the Fund's statutory prospectus.

PAST PERFORMANCE. The performance information provides some indication of the risks of investing in the Fund. Keep in mind that past performance (before and after taxes) does not indicate future results. Updated performance information is available at hartfordfunds.com. The returns for the Fund in the bar chart and table:

The bar chart:

Total returns by calendar year (excludes sales charges)

  

During the periods shown in the chart above:	Returns	Quarter Ended
Best Quarter Return	17.05%	June 30, 2020
Worst Quarter Return	-19.81%	March 31, 2020

Average Annual Total Returns. The table below shows returns for the Fund over time compared to those of the Fund's blended benchmark and the indices that comprise the blended benchmark. The indices that comprise the blended benchmark are broad based market indices and serve as the Fund's regulatory indices. The blended benchmark serves as the Fund's performance index because the Fund's investment manager believes it is more representative of the Fund's investment strategy. The blended benchmark is calculated by Hartford Funds Management Company, LLC. After-tax returns, which are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes, are shown only for Class A shares and will vary for other classes. Actual after-tax returns, which depend on an investor's particular tax situation, may differ from those shown and are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

Average annual total returns for periods ending December 31, 2025 (including sales charges) 

Share Classes	1 Year	5 Years	10 Years
Class A -  Return Before Taxes	10.79%	6.92%	8.32%
-  Return After Taxes on Distributions	8.11%	5.40%	7.12%
-  Return After Taxes on Distributions and Sale of Fund Shares	8.17%	5.15%	6.47%
Share Classes (Return Before Taxes)
Class C	15.28%	7.25%	8.08%
Class I	17.61%	8.43%	9.25%
Class R3	16.91%	7.77%	8.59%
Class R4	17.30%	8.11%	8.91%
Class R5	17.66%	8.44%	9.25%
Class F*	17.70%	8.55%	9.35%
55% Russell 3000 Index/ 25% MSCI ACWI ex USA Index (Net)/ 20% Bloomberg US Aggregate Bond Index	18.86%	9.20%	10.49%
Russell 3000 Index (reflects no deduction for fees, expenses or taxes)	17.15%	13.15%	14.29%
MSCI ACWI ex USA Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes)	32.39%	7.91%	8.41%
Bloomberg US Aggregate Bond Index (reflects no deduction for fees, expenses or taxes)	7.30%	-0.36%	2.01%

MANAGEMENT. The Fund's investment manager is Hartford Funds Management Company, LLC (the "Investment Manager").  

Portfolio Manager	Title	Involved with Fund Since
Vernon J. Meyer, CFA	Managing Director and Chief Investment Officer of the Investment Manager	2014
Allison Mortensen, CFA	Head of Multi-Asset Solutions and Managing Director at Hartford Funds and Vice President of the Investment Manager	2015
James S. Glendon, CFA	Portfolio Manager at Hartford Funds	2022

PURCHASE AND SALE OF FUND SHARES. Not all share classes are available for all investors. Minimum investment amounts may be waived for certain accounts. Certain financial intermediaries may impose different restrictions than those described below. 

Share Classes	Minimum Initial Investment	Minimum Subsequent Investment
Class A, Class C and Class I	$2,000 for all accounts except: $250, if establishing an Automatic Investment Plan ("AIP"), with recurring monthly investments of at least $50	$50
Class R3, Class R4 and Class R5	No minimum initial investment	None
Class F	$1,000,000 This requirement is waived when the shares are purchased through omnibus accounts (or similar types of accounts).	None

For more information, please see the "How To Buy And Sell Shares" section of the Fund's statutory prospectus.

You may sell your shares of the Fund on those days when the New York Stock Exchange is open, typically Monday through Friday. You may sell your shares through your financial intermediary. With respect to certain accounts, you may sell your shares on the web at hartfordfunds.com, by phone by calling 1-888-843-7824, by electronic funds transfer, or by wire. In certain circumstances you will need to write to Hartford Funds to request to sell your shares. For regular mail, please send the request to Hartford Funds, P.O. Box 219060, Kansas City, MO 64121-9060. For overnight mail, please send the request to Hartford Funds, 801 Pennsylvania Ave, Suite 219060, Kansas City, MO 64105-1307.

TAX INFORMATION. The Fund's distributions are generally taxable, and may be taxed as ordinary income or capital gains, unless you are investing through a tax-deferred arrangement, 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.