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Hartford Funds Adds to its Actively Managed Fixed Income ETF Lineup

September 28, 2017
Wayne, PA

Hartford Funds today announced the listing of its third actively managed fixed income Exchange-Traded Fund (“ETF”), the Hartford Total Return Bond ETF (NYSE: HTRB).


Sub-advised by Wellington Management Company LLP (“Wellington”), this actively managed ETF delivers a core fixed income strategy and adds to a growing and comprehensive suite of investing tools for financial advisors and their clients.

“Advisors recognize that fixed income offerings are a critical foundation of an investment portfolio,” said Vernon Meyer, Chief Investment Officer of Hartford Funds. “We created another fixed income ETF to offer investors more options to optimize their fixed income exposure across all market sectors, which may help them to diversify their investments and reach their long-term goals.”

HTRB provides investors with an actively managed core bond strategy that invests in US government and corporate bonds, asset-backed securities, mortgage-backed securities, and foreign-issued securities. The strategy seeks to deliver a competitive total return with income as a secondary objective. HTRB has a total expense ratio of 0.39%.

Hartford Funds’ new ETF joins two other already listed active fixed income ETFs sub-advised by Wellington (Hartford Corporate Bond ETF (NYSE: HCOR), an ETF focused on investment-grade corporate bonds, and Hartford Quality Bond ETF (NYSE: HQBD), a core bond ETF focused on investment grade debt, including mortgage-backed securities and US government securities). Hartford Funds currently plans to introduce two more actively managed ETFs in Q4 2017: Hartford Schroders Tax-Aware Bond ETF (HTAB), to be sub-advised by Schroder Investment Management North America Inc., and Hartford Municipal Opportunities ETF (HMOP), to be sub-advised by Wellington1.

Wellington’s Joseph Marvan, Senior Managing Director and Fixed Income Portfolio Manager, Campe Goodman, Senior Managing Director and Fixed Income Portfolio Manager, and Robert Burn, Managing Director and Fixed Income Portfolio Manager, will manage the Hartford Total Return Bond ETF.

About Hartford Funds

Founded in 1996, Hartford Funds is a leading asset manager, which provides mutual funds, ETFs, and 529 college savings plans. Using its human-centric investing approach, Hartford Funds creates strategies and tools designed to address the needs and wants of investors. Leveraging partnerships with leading experts, Hartford Funds delivers insight into the latest demographic trends and investor behavior.

The firm’s line-up includes more than 55 mutual funds in a variety of styles and asset classes, as well as seven strategic beta ETFs and three active ETFs. Its mutual funds (with the exception of certain fund of funds) are sub-advised by Wellington Management or Schroder Investment Management North America Inc. The strategic beta ETFs offered by Hartford Funds are designed to help address investors’ evolving needs by leveraging a unique risk-optimized approach, which identifies risks within each asset class and then deliberately and systematically re-allocates capital toward risks more likely to enhance return potential. As of June 30, 2017, Hartford Funds had approximately $91.5 billion (excluding assets used in certain annuity products) in discretionary and non-discretionary assets under management. For more information about our investment family, visit www.hartfordfunds.com.

Media Contact:

Meg McDermott
(212) 279-3115 x238
mmcdermott@prosek.com


Important Information

All investments are subject to risk, including the possible loss of principal. There is no guarantee the funds will achieve their stated objectives. The net asset value (NAV) of the funds’ shares may fluctuate due to changes in the market value of the funds’ holdings, as well as the relative supply of and demand for the shares on an exchange. The funds are actively managed and do not seek to replicate the performance of a specified index. If the Fund's strategy for allocating assets among different asset classes and/or portfolio management teams does not work as intended, the Fund may not achieve its objective or may underperform other funds with similar investment strategies. Fixed Income risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall; these risks are currently heightened because interest rates are at, or near, historical lows. Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. Mortgage- and asset-backed securities' risks include credit, interest-rate, prepayment, and extension risk. The Fund may purchase securities in the To-Be-Announced (TBA) market, which can subject the Fund to additional price and counterparty risk. Derivatives may be riskier or more volatile than other types of investments because they are generally more sensitive to changes in market or economic conditions; risks include currency, leverage, liquidity, index, pricing, and counterparty risk. The Fund has the ability to invest in foreign and emerging-market bonds. Investments in these securities generally involve greater risk, volatility, and possibility of loss. Privately placed, restricted (Rule 144A) securities may be more difficult to sell and value than publicly traded securities, thus they may be potentially illiquid. The Fund may have high portfolio turnover, which could increase the Fund's transaction costs and an investor's tax liability. In certain instances, unlike other ETFs, the Fund may effect creations and redemptions partly or wholly for cash, rather than in-kind, which may make the Fund less tax-efficient and incur more fees than a more conventional ETF. Ordinary brokerage commissions may apply.

Investors should carefully consider a fund’s investment objectives, risks, charges, and expenses. This and other important information is contained in the fund’s prospectus and summary prospectus (if available), which can be obtained by visiting hartfordfunds.com. Please read it carefully before investing.

Hartford Funds refers to Hartford Funds Management Group, Inc., and its subsidiaries, including the mutual funds’ and active ETFs’ investment manager, Hartford Funds Management Company, LLC (“HFMC”) and the mutual funds’ distributor, Hartford Funds Distributors, LLC, as well as Lattice Strategies LLC (“Lattice”), a wholly owned subsidiary of HFMC effective July 29, 2016. Lattice is the investment adviser to the strategic beta ETFs. All ETFs are distributed by ALPS Distributors, Inc., which is not affiliated with Lattice or Hartford Funds. “The Hartford” is The Hartford Financial Services Group Inc. and its subsidiaries. Hartford Funds Distributors, LLC is a subsidiary of The Hartford Financial Services Group Inc.

HIG-W

Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in The Hartford’s Quarterly Reports on Form 10-Q, our 2016 Annual Report on Form 10-K and the other filings The Hartford makes with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.

From time to time, The Hartford may use its website to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at http://ir.thehartford.com. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the "Email Alerts" section at http://ir.thehartford.com.

 

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