Hartford Investment Financial Services Company

Item 5 – Fees and Compensation

Advisory Fees

HIFSCO receives advisory fees for its services, including among other activities, oversight,
compliance, legal, administration, and governance to the HMF Funds, that are negotiated and initially
approved by each HMF Fund’s Board of Directors (the “Board”) for up to two years and subject to re-
approval at least once annually thereafter. Advisory fees for each HMF Fund are generally based on a
stated percentage of the Fund’s average daily net assets. This stated percentage may be subject to an
expense waiver and or reimbursement arrangement for that HMF Fund as agreed upon by HIFSCO.
Each HMF Fund pays HIFSCO as promptly as possible after the last day of each month for HIFSCO’s
services; fees are deducted directly from each HMF Fund’s custodian account.                                                The current fee
schedule for each HMF Fund is disclosed in that HMF Funds’ SEC registration statement.

Fees calculated for a period of time that is less than a month are calculated at the annual rates provided
in the HMF Fund’s fee schedule but pro-rated for the number of days elapsed in the month in question
as a percentage of the total number of days in such month, based upon the average of that HMF Fund’s
daily net asset value for the period in question, and paid within a reasonable time after the close of such
period.

For the 529 Plan, HIFSCO does not charge a separate fee for investment advisory services to the 529
Plan. HLIC, an affiliate of HIFSCO, is paid a fee as the Plan Manager.

As HIFSCO only receives fees for services provided to the HMF Funds, HIFSCO does not maintain
standard fee schedules for other types of investment advisory clients.

Other Fees

HIFSCO is also the principal underwriter for the HMF Funds. In addition to advisory fees, investors in
the HMF Funds pay fund-level expenses (including but not limited to Rule 12b-1 distribution and
service fees, transfer agency fees, fund accounting fees, custodial fees and brokerage transaction costs).

As explained in each HMF Fund’s registration statement, some of these other fees are paid to HIFSCO
or its affiliates. (For more information regarding brokerage practices, please see Item 12.)

In respect of the HMF Funds, HIFSCO may retain Rule 12b-1 fees or pay them out to other registered
broker-dealers that have entered into selling agreements with HIFSCO for sales of shares of the HMF
Funds. As stated in the HMF Funds’ prospectuses, HIFSCO and its affiliates also may make additional
compensation payments from their own assets to financial intermediaries and others that sell shares of
and/or provide services to the HMF Funds. Additional payments may be used for various purposes and
take various forms, such as: Payments for putting HMF Funds on a financial intermediary’s list of
mutual funds available for purchase by its customers: payments for including HMF Funds within a
group that receives special marketing focus or placing HMF Funds on a “preferred list;” “due
diligence” payments for a financial intermediary’s examination of the HMF Funds and payments for
providing extra employee training and information relating to the HMF Funds; “marketing support
fees” for providing assistance in promoting the sale of HMF Funds’ shares; sponsorships of sales
contests and promotions where participants receive prizes such as travel awards, merchandise, cash or
recognition; provision of educational programs, including information and related support materials;
provision of computer hardware and software; and occasional meals and entertainment, tickets to
sporting events, nominal gifts and travel and lodging (subject to applicable rules and regulations).

A fuller discussion of these payments as well as a list of entities to which such payments were made for
the most recent prior calendar year are disclosed in the HMF Funds’ SEC registration statement.

While HIFSCO does not receive advisory fees in respect of the 529 Plan, investors in the 529
Portfolios indirectly bear expenses of the underlying funds (net operating expenses of the mutual funds
or exchange-traded funds in which the 529 Portfolios invest).                           (For more information regarding
brokerage practices, please see Item 12.)

Item 7 – Types of Clients

HIFSCO’s investment advisory business consists primarily of acting as the Adviser to the HMF Funds.
With the exception of services provided for The Hartford Checks and Balances Fund, HIFSCO retains
and oversees sub-advisers. The sub-advisers provide the day-to-day portfolio management services,
including investment and asset allocation decisions, for the HMF Funds. (For a discussion of
HIFSCO’s advisory business see Item 4.)

HIFSCO also provides investment advisory services to the 529 Portfolios offered by the 529 Plan for
which HIFSCO’s affiliate, HLIC, is the Plan Manager. For the 529 Plan, HIFSCO retains and oversees
a sub-adviser; the sub-adviser provides day-to-day portfolio management services, which consists
primarily of day-to-day asset allocation decisions.

While HIFSCO does not require that its clients (the HMF Funds and the 529 Plan) satisfy a minimum
amount for opening or maintaining an account, the HMF Funds and the 529 Plan may impose such
minimums on their investors.