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Domestic Equity etf

Hartford Quality Value ETF   

TICKER
QUVU

Actions

Domestic Equity etf

Hartford Quality Value ETF   
Ticker - QUVU

Objective

Seeks long-term capital appreciation.

Overview

A traditional large cap value fund that focuses on investing in high quality, undervalued companies believed to be in out-of-favor industries with less downside risk than the overall market.

Portfolio Management
Senior Managing Director
Equity Portfolio Manager
0
YRS
MANAGING THIS FUND
20
YRS
AT WELLINGTON MANAGEMENT
29
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Equity Portfolio Manager
0
YRS
MANAGING THIS FUND
18
YRS
AT WELLINGTON MANAGEMENT
26
YRS
EXPERIENCE IN THIS INDUSTRY
Managing Director
Equity Research Analyst
0
YRS
MANAGING THIS FUND
8
YRS
AT WELLINGTON MANAGEMENT
12
YRS
EXPERIENCE IN THIS INDUSTRY

The portfolio managers are supported by the full resources of Wellington.

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 6/30/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2024)
YTD 1YR 3YR 5YR 10YR SI 1
Hartford Quality Value ETF (QUVU, NAV) 6.21 11.70 5.84 9.44 7.69 7.80
Hartford Quality Value ETF (QUVU, Market Price) 6.30 --- --- --- --- 16.21
Benchmark 6.62 13.06 5.52 9.01 8.23 ---
Morningstar Large Value Category 7.33 14.82 6.46 9.86 8.44 ---
 
CUMULATIVE %
(as of 6/30/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2024)
YTD 1YR 3YR 5YR 10YR SI1
Hartford Quality Value ETF (QUVU, NAV) 6.21 11.70 5.84 9.44 7.69 7.80
Hartford Quality Value ETF (QUVU, Market Price) 6.30 --- --- --- --- 16.21
Benchmark 6.62 13.06 5.52 9.01 8.23 ---
Morningstar Large Value Category 7.33 14.82 6.46 9.86 8.44 ---

SI = Since Inception. Fund Inception: 10/13/2023

SI = Since Inception. Fund Inception: 10/13/2023. Prior to the close of business on 10/13/23, the Fund operated as an open-end mutual fund (the “Predecessor Fund”). The Fund has the same investment objective, strategies and policies as the Predecessor Fund. The NAV returns prior to October 16, 2023 include the returns of the Predecessor Fund’s share classes and operating expenses as follows: Class F (2/28/17-10/13/23); Class I (8/31/06-2/27/17); and Class A excluding sales charges (1/2/96-8/30/06). The Market Price performance does not include the Predecessor Fund’s NAV performance and instead reflects the Fund’s Market Price beginning with the Fund’s listing on the exchange. Had the Predecessor Fund been structured as an exchange-traded fund, the performance may have differed.

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Index performance returns do not reflect any management fees, transaction costs, or expenses.

ETF shares are bought and sold at market price, not net asset value (NAV). Total returns are calculated using the daily 4:00 p.m. Eastern Time NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns an investor would receive if they traded shares at other times. Brokerage commissions apply and will reduce returns.

Characteristics

Fund Essentials (as of 7/12/2024)
Ticker QUVU
Inception Date 10/13/2023
Net Assets $175,720,062
Total Operating Expenses 0.45%
Shares Outstanding 7,034,258
Distributor ALPS Distributors, Inc.
CUSIP 41653L859
Morningstar Category Large Value
Lipper Classification Large-Cap Value Funds
FUND STATS
# of Holdings
67
% in Foreign Equities
9
Beta (3 year)
0.93
R Squared (3 year)
0.97
Active Share
78%
% in Equities
99
Holdings Characteristics
As of Date
5/31/2024
Price/Earnings
12.6x
Price/Book
2.8x
EPS Growth Rate
8.9%
Asset Weighted Market Cap (billions)
$166.0
Return on Equity
20.6%
Median Market Cap (billions)
$102.3
Debt to Equity
129.9%
Market Cap Distribution (%)

Market Cap Header3

Less than $2 billion 0
$2 billion - $5 billion 2
$5 billion - $10 billion 4
Greater than $10 billion 95
Not Classified 0
TRADING DETAILS (as of 7/12/2024)
Ticker QUVU
CUSIP 41653L859
IOPV TICKER QUVU.IV
Stock Exchange Cboe BZX Exchange, Inc.
Close ---
Change ---
Change % ---
Net Asset Value(NAV)
NAV Change
NAV Change %
Premium/Discount ---
30 Day Median Bid/Ask Spread
---
Top Ten Holdings (%) (as of 7/12/2024)
JPMORGAN CHASE + CO COMMON STOCK USD1.0 3.89
WELLS FARGO + CO COMMON STOCK USD1.666 2.89
MERCK + CO. INC. COMMON STOCK USD.5 2.56
AMERICAN EXPRESS CO COMMON STOCK USD.2 2.29
PHILIP MORRIS INTERNATIONAL COMMON STOCK 2.26
GILEAD SCIENCES INC COMMON STOCK USD.001 2.18
MORGAN STANLEY COMMON STOCK USD.01 2.13
EOG RESOURCES INC COMMON STOCK USD.01 2.12
QUALCOMM INC COMMON STOCK USD.0001 2.11
BANK OF AMERICA CORP COMMON STOCK USD.01 2.05
Total of Top Ten Holdings % 24.48
Sector Exposure (%)
Financials 21
Health Care 15
Information Technology 11
Industrials 10
Consumer Staples 9
Energy 9
Communication Services 7
Utilities 6
Materials 4
Real Estate 4
Consumer Discretionary 4
Financials 21
Health Care 15
Information Technology 11
Industrials 9
Consumer Staples 9
Energy 9
Communication Services 7
Utilities 6
Materials 5
Consumer Discretionary 5
Real Estate 4
distributions and capital gains
Ex-dividend date record date payable date ordinary income short term capital gains long term capital gains total distribution
12/22/2023 12/26/2023 12/28/2023 $0.6229 $0.0000 $0.0391 $0.6620
Past distributions are not indicative of future distributions.
Fund Literature

03/31/2024 - PDF (163 KB)
This Fact Sheet summarizes the ETF's investment approach, portfolio statistics, top holdings, and current performance.
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03/31/2024 - PDF (193 KB)
Exchange-traded funds (ETFs) designed by Hartford Funds - both strategic beta and actively managed - seek to provide investors with the tools to take greater control over the risks and opportunities in their portfolios.
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A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
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03/31/2024 - PDF (460 KB)
This Pitchbook reviews the ETF's investment approach, investment team, investment process, portfolio statistics, top holdings, and current performance.
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PDF (758 KB)
An unaudited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
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A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.
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PDF (926 KB)
An audited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
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PDF (13 KB)
A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.
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Important Risks: Investing involves risk, including the possible loss of principal. The net asset value (NAV) of the Fund's shares may fluctuate due to changes in the market value of the Fund's holdings which may in-turn fluctuate due to market and economic conditions. The market prices of the Fund's shares will generally fluctuate due to changes in the relative supply of and demand for the shares on an exchange. • The Fund is actively managed and does not seek to replicate the performance of a specified index. • Different investment styles may go in and out of favor, which may cause the Fund to underperform the broader stock market. • For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. • To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur. • 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 an ETF that primarily or wholly effects creations and redemptions in-kind. • Financially material environmental, social and/or governance (ESG) characteristics are one of several factors that may be considered. The Fund may perform differently from funds that do not integrate ESG into their analysis.
Transactions in ETF shares will result in brokerage commissions and will generate tax consequences. All regulated investment companies are obliged to distribute portfolio gains to shareholders.
IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every fifteen seconds throughout the trading day.
Premium/discount reflects the relationship between an ETF's market price and its net asset value (NAV). Because ETFs are traded on an exchange, their market prices are in part driven by supply and demand dynamics. The ETF's market price may be above its NAV (reflecting a premium) or below its NAV (reflecting a discount).
3677535 HFA002509

The material on this site is for informational and educational purposes only. The material should not be considered tax or legal advice and is not to be relied on as a forecast. The material is also not a recommendation or advice regarding any particular security, strategy or product. Hartford Funds does not represent that any products or strategies discussed are appropriate for any particular investor so investors should seek their own professional advice before investing. Hartford Funds does not serve as a fiduciary. Content is current as of the publication date or date indicated, and may be superseded by subsequent market and economic conditions.

Investing involves risk, including the possible loss of principal. Investors should carefully consider a fund's investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund, or ETF summary prospectus and/or prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA|SIPC. ETFs are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, Lattice, and HFMC, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

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