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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
0
YRS
MANAGING THIS FUND
20
YRS
AT WELLINGTON MANAGEMENT
29
YRS
EXPERIENCE IN THIS INDUSTRY
0
YRS
MANAGING THIS FUND
18
YRS
AT WELLINGTON MANAGEMENT
26
YRS
EXPERIENCE IN THIS INDUSTRY
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 %
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 STATS
| # of Holdings | 67 |
|---|---|
| % in Foreign Equities | 9 |
| Beta (3 year) | 0.92 |
| R Squared (3 year) | 0.97 |
| Active Share | 78% |
| % in Equities | 99 |
Holdings Characteristics
| As of Date | 9/30/2024 |
|---|---|
| Price/Book | 2.8x |
| EPS Growth Rate | 8.5% |
| Asset Weighted Market Cap (billions) | $165.1 |
| Return on Equity | 22.2% |
| Median Market Cap (billions) | $98.4 |
| Debt to Equity | 146.6% |
Market Cap Distribution (%)
| 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 10/21/2024)
| Ticker | QUVU |
| CUSIP | 41653L859 |
| IOPV TICKER | QUVU.IV |
| Stock Exchange | Cboe BZX Exchange, Inc. |
| Close | $26.38 |
| Change | $-0.24 |
| Change % | -0.89% |
| Net Asset Value(NAV) | $26.40 |
| NAV Change | $-0.24 |
| NAV Change % | -0.91% |
| Premium/Discount | -0.06% |
| 30 Day Median Bid/Ask Spread |
0.12% |
Top Ten Holdings (%)
(as of 10/22/2024)
| JPMORGAN CHASE + CO COMMON STOCK USD1.0 | 3.58 |
| UNITEDHEALTH GROUP INC COMMON STOCK USD.01 | 3.27 |
| WELLS FARGO + CO COMMON STOCK USD1.666 | 3.00 |
| MORGAN STANLEY COMMON STOCK USD.01 | 2.66 |
| PHILIP MORRIS INTERNATIONAL COMMON STOCK | 2.59 |
| AMERICAN EXPRESS CO COMMON STOCK USD.2 | 2.51 |
| EOG RESOURCES INC COMMON STOCK USD.01 | 2.08 |
| OMNICOM GROUP COMMON STOCK USD.15 | 2.05 |
| MEDTRONIC PLC COMMON STOCK USD.1 | 2.05 |
| WILLIAMS COS INC COMMON STOCK USD1.0 | 2.04 |
| Total of Top Ten Holdings % | 25.83 |
Sector Exposure (%)
Insights
Fund Literature
--- - PDF (157 KB)
This Fact Sheet summarizes the ETF's investment approach, portfolio statistics, top holdings, and current performance.
09/30/2024 - PDF (197 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.
06/30/2024 - PDF (346 KB)
A traditional, large-cap value ETF sub-advised by Wellington Management 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.
06/30/2024 - PDF (143 KB)
Current quarterly commentary from our sub-adviser, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
PDF (167 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
06/30/2024 - PDF (520 KB)
This Pitchbook reviews the ETF's investment approach, investment team, investment process, portfolio statistics, top holdings, and current performance.
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.
PDF (13 KB)
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.
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).
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