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Hartford Funds and its Affiliates Announce Investments in Actively Managed Exchange-Traded Funds

October 26, 2018
Wayne, PA

Hartford Funds and its affiliates are making additional investments in the actively managed exchange-traded funds (ETFs) sponsored by Hartford Funds, including Hartford Municipal Opportunities ETF, Hartford Short Duration ETF, Hartford Schroders Tax-Aware Bond ETF, and Hartford Total Return Bond ETF.


These additional investments demonstrate Hartford Funds’ commitment to offering ETFs that provide the opportunity to invest in actively managed fixed income investment strategies through an ETF structure. Hartford Funds and its affiliates are making these investments primarily in the fourth quarter of 2018.

Because these ETFs are relatively new, the investments made by Hartford Funds and its affiliates may be substantial in size in comparison to investments by other investors who are not affiliated with Hartford Funds. The investments made by Hartford Funds and its affiliates give Hartford Funds a controlling interest in the ETFs, which may create a conflict with the interest of investors who are not affiliated with Hartford Funds. In addition, these investments may be substantially, if not entirely, responsible for the recently reported trading activity in the ETF’s shares. The purchase and sale of ETF shares by Hartford Funds and its affiliates may impact other investors seeking to purchase or sell ETF shares at the same time. This impact may diminish over time to the extent that the ETFs increase in size and become more broadly owned.

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 a variety of multifactor and 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. Excluding affiliated funds of funds, as of June 30, 2018, Hartford Funds Management Company, LLC and its wholly owned subsidiary, Lattice Strategies LLC, had approximately $117 billion in discretionary and non-discretionary assets under management. For more information about our investment family, visit www.hartfordfunds.com.

About Wellington Management

Wellington Management Company, LLP, is one of the world’s largest independent investment management firms, overseeing US$1,088 billion as of September 30, 2018. As a private firm whose sole business is investment management, it seeks a long-term view and alignment of its interests with those of its clients. The firm’s investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. Wellington Management serves clients in more than 60 countries. Firm assets include assets under management and non-discretionary assets.

Media Contact:

Catherine Adams
Prosek Partners
(646) 593-8515
cadams@prosek.com


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 2017 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.

 

Important Risks: These funds are new and each has a limited operating history. Investing involves risk, including the possible loss of principal. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • Municipal securities may be adversely impacted by state/local, political, economic, or market conditions. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable. • In certain instances, unlike other ETFs, the funds may effect creations and redemptions partly or wholly for cash, rather than in-kind, which may make the funds less tax-efficient and incur more fees than a more conventional ETF.

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

Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. Exchange-traded products are distributed by ALPS Distributors, Inc. (ALPS). Advisory services are provided by Hartford Funds Management Company, LLC (HFMC) and its wholly owned subsidiary, Lattice Strategies, LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP or Schroder Investment Management North America Inc. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain funds. Hartford Funds refers to HFD, HFMC, and Lattice, which are not affiliated with any sub-adviser or ALPS.

 

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