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Domestic Equity etf

Hartford Quality Value ETF   

TICKER
QUVU

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 1/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 1/31/2024)
YTD 1YR 3YR 5YR 10YR SI 1
Hartford Quality Value ETF(QUVU, NAV) -0.26 3.43 9.84 10.12 8.28 7.64
Hartford Quality Value ETF(QUVU, Market Price) -0.26 --- --- --- --- 9.04
Benchmark 0.10 6.08 9.23 9.28 8.80 ---
Morningstar Large Value Category 0.38 6.69 10.05 9.82 8.84 ---
 
CUMULATIVE %
(as of 12/31/2023)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 12/31/2023)
YTD 1YR 3YR 5YR 10YR SI1
Hartford Quality Value ETF(QUVU, NAV) 7.02 7.02 9.28 11.72 8.03 7.68
Hartford Quality Value ETF(QUVU, Market Price) --- --- --- --- --- 9.32
Benchmark 11.46 11.46 8.86 10.91 8.40 ---
Morningstar Large Value Category 11.63 11.63 9.74 11.37 8.39 ---

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 3/4/2024)
Ticker QUVU
Inception Date 10/13/2023
Total Operating Expenses 0.45%
Distributor ALPS Distributors, Inc.
Morningstar Category Large Value
Lipper Classification Large-Cap Value Funds
FUND STATS
# of Holdings
68
% in Foreign Equities
9
Beta (3 year)
0.95
R Squared (3 year)
0.97
Active Share
76%
% in Equities
97
Holdings Characteristics
As of Date
1/31/2024
Price/Earnings
13.8x
Price/Book
2.5x
EPS Growth Rate
8.8%
Asset Weighted Market Cap (billions)
$161.3
Return on Equity
20.3%
Median Market Cap (billions)
$97.4
Debt to Equity
117.4%
Market Cap Distribution (%)

Market Cap Header3

Less than $2 billion 0
$2 billion - $5 billion 0
$5 billion - $10 billion 4
Greater than $10 billion 96
Not Classified 0
TRADING DETAILS (as of 3/4/2024)
Ticker QUVU
CUSIP 41653L859
IOPV TICKER QUVU.IV
Stock Exchange Cboe BZX Exchange, Inc.
Close $23.61
Change $0.08
Change % 0.35%
Net Asset Value(NAV)
NAV Change
NAV Change %
Premium/Discount -0.04%
30 Day Median Bid/Ask Spread
0.21%
Top Ten Holdings (%) (as of 3/5/2024)
JPMORGAN CHASE + CO COMMON STOCK USD1.0 3.68
WELLS FARGO + CO COMMON STOCK USD1.666 2.82
US DOLLAR 2.76
MERCK + CO. INC. COMMON STOCK USD.5 2.59
CHEVRON CORP COMMON STOCK USD.75 2.48
MEDTRONIC PLC COMMON STOCK USD.1 2.23
AMERICAN EXPRESS CO COMMON STOCK USD.2 2.21
PHILIP MORRIS INTERNATIONAL COMMON STOCK 2.05
EOG RESOURCES INC COMMON STOCK USD.01 2.02
WALT DISNEY CO/THE COMMON STOCK USD.01 2.00
Total of Top Ten Holdings % 24.84
Sector Exposure (%)
Financials 20
Health Care 16
Information Technology 11
Consumer Staples 9
Industrials 9
Energy 8
Communication Services 7
Utilities 6
Real Estate 5
Consumer Discretionary 4
Materials 4
Financials 20
Health Care 16
Information Technology 12
Consumer Staples 9
Industrials 9
Energy 8
Communication Services 7
Utilities 6
Real Estate 5
Materials 4
Consumer Discretionary 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

12/31/2023 - PDF (239 KB)
This Fact Sheet summarizes the ETF's investment approach, portfolio statistics, top holdings, and current performance.
12/31/2023 - 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.
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
12/31/2023 - PDF (460 KB)
This Pitchbook reviews the ETF's investment approach, investment team, investment process, portfolio statistics, top holdings, and current performance.
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.
A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.
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.
PDF (13 KB)
A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.
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. • Integration of financially material environmental, social, and/or governance (ESG) characteristics into the investment process may not work as intended.
The objective of the actively managed ETF Tracking Basket is to construct a portfolio of stocks and representative index ETFs that tracks the daily performance of an actively managed ETF without exposing current holdings, trading activities, or internal equity research. The Tracking Basket is designed to conceal any nonpublic information about the underlying portfolio and only uses the Fund's latest publicly disclosed holdings, representative ETFs, and the publicly known daily performance in its construction. You can gain access to the Tracking Basket and the Tracking Basket Weight overlap on hartfordfunds.com.

Although the Tracking Basket is intended to provide investors with enough information to allow for an effective arbitrage mechanism that will keep the market price of the Fund at or close to the underlying NAV per share of the Fund, there is a risk (which may increase during periods of market disruption or volatility) that market prices will vary significantly from the underlying NAV of the Fund; ETFs trading on the basis of a published Tracking Basket may trade at a wider bid/ask spread than ETFs that publish their portfolios on a daily basis, especially during periods of market disruption or volatility, and, therefore, may cost investors more to trade, and although the Fund seeks to benefit from keeping its portfolio information secret, market participants may attempt to use the Tracking Basket to identify a Fund's trading strategy, which, if successful, could result in such market participants engaging in certain predatory trading practices that may have the potential to harm the Fund and its shareholders.

Because shares are traded in the secondary market, a broker may charge a commission to execute a transaction in shares, and an investor may incur the cost of the spread between the price at which a dealer will buy shares and the price at which a dealer will sell shares.
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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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