HIMCO VIT Index Fund HIMCO VIT Portfolio Diversifier Fund ...

HIMCO VIT Index Fund HIMCO VIT Portfolio Diversifier Fund

Supplement to Statutory Prospectuses, Summary Prospectuses, and Combined Statement of Additional Information, each dated April 30, 2017, as supplemented to date

April 16, 2018

Suspension of Sales. Effective Friday, April 20, 2018, shares of each of HIMCO VIT Index Fund and HIMCO VIT Portfolio Diversifier Fund will no longer be available for purchase. HIMCO VIT Index Fund and HIMCO VIT Portfolio Diversifier Fund are expected to be reorganized into BlackRock S&P 500 Index V.I. Fund and BlackRock Managed Volatility V.I. Fund, respectively, on or about Monday, April 23, 2018.

This Supplement should be retained with your Summary Prospectus, Prospectus, and SAI for future reference.

April 2018

HIMCO VIT Index Fund

Class IA: HVIAX

Class IB: HVIIX

Class IA and IB Shares Prospectus April 30, 2017

Mutual funds are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Because you could lose money by investing in the Fund, be sure to read all risk disclosures carefully before investing.

As with all mutual funds, the Securities and Exchange Commission and the Commodity Futures Trading Commission have not approved or disapproved these securities or passed upon the adequacy of this Prospectus. Any representation to the

contrary is a criminal offense.

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CONTENTS

Summary Section ......................................................................................4 Additional Information Regarding Risks and Investment Strategies................8 The Investment Manager .........................................................................12 Further Information on the Fund................................................................14 Legal Proceedings ...................................................................................20 Performance Notes..................................................................................21 Financial Highlights .................................................................................22 For More Information ...............................................................................25

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HIMCO VIT INDEX FUND

SUMMARY SECTION

INVESTMENT GOAL. The Fund seeks to provide investment results which approximate the price and yield performance of publicly traded common stocks in the aggregate.

YOUR EXPENSES. The table below describes the fees and expenses that you may pay if you buy and hold shares of the Fund. Please note that fees and expenses in this table and the examples below do not include fees and expenses that will be applied at the variable annuity or variable life insurance contract level or by a qualified employee benefit plan and would be higher if such fees and expenses were included. You should review your variable contract prospectus (or other disclosure document) or plan documents for more information on those fees and expenses.

Shareholder Fees (fees paid directly from your investment)

Maximum sales charge (load) as a percentage of offering price Maximum deferred sales charge (load) Exchange fees

IA Not applicable Not applicable

None

Share Classes

IB Not applicable Not applicable

None

Annual Fund Operating Expenses (expenses that are deducted from the fund's assets)

Management fees Distribution and service (12b-1) fees Other expenses Total annual fund operating expenses Fee waiver and/or expense reimbursement (1) Total annual fund operating expenses after fee waiver and/or expense reimbursement

IA 0.30% None 0.08% 0.38% 0.05%

0.33%

IB 0.30% 0.25% 0.08% 0.63% 0.05%

0.58%

(1) Hartford Investment Management Company has contractually agreed to reimburse expenses (exclusive of taxes, interest expense, brokerage commissions, acquired fund fees and expenses and extraordinary expenses) to the extent necessary to maintain total annual operating expenses as follows: 0.33% (Class IA) and 0.58% (Class IB). This contractual arrangement will remain in effect until April 30, 2018, and shall renew automatically for one-year terms unless the investment manager provides written notice of termination prior to the start of the next term or upon approval of the Board of Trustees of the Fund.

EXAMPLE. The examples below are intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The examples assume that:

? Your investment has a 5% return each year ? The Fund's operating expenses remain the same (except that the examples reflect the expense limitation

arrangements for only the first year) ? You reinvest all dividends and distributions.

Your actual costs may be higher or lower. Based on these assumptions, for every $10,000 invested, you would pay the following expenses if you sell all of your shares at the end of each time period indicated:

Expenses (with or without redemption) IA IB

Year 1

$

34

$

59

Year 3 $ 117 $ 197

Year 5 $ 208 $ 346

Year 10 $ 476 $ 782

PORTFOLIO TURNOVER. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs, which are not reflected in annual Fund operating expenses or in the examples, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 12% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGY. The Fund uses the Standard & Poor's 500 Index (the "Index") as its standard performance comparison because it represents a significant proportion of the total market value of all common stocks, is well known to investors and, in the opinion of the Fund's investment manager, Hartford Investment Management Company ("Hartford Investment Management"), is representative of the performance of publicly-traded common stocks. Therefore, the Fund

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