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Hartford Corporate Bond ETF

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Objective

The Fund seeks to provide total return with income as a secondary objective.

Overview

An ETF that invests in investment-grade corporate bonds with a focus on bottom-up credit selection.

More About Hartford Corporate Bond ETF 

Craig A. Gainey, CFA
Senior Managing Director
Fixed-Income Portfolio Manager/Credit Analyst

Portfolio managers are supported by the full resources of Wellington Management

Key Facts & Trading Details

Key Facts  (as of 7/20/2018)
Ticker HCOR
Inception March 21, 2017
Net Assets $14,670,555.67
Shares Outstanding 300,000
Distributor ALPS Distributors, Inc.
Dividend Frequency Monthly
Trading Details  (as of 7/20/2018)
Ticker HCOR
CUSIP 41653L107
IOPV TICKER HCOR.IV
Stock Exchange NYSE Arca
Close $0.00
Change $0.00
Change % 0.00%
Net Asset Value(NAV) $48.90
NAV Change $-0.13
NAV Change % -0.27%
Premium/Discount 0.00%

Performance

Performance (%)
% (as of 6/30/2018)
Average Annual Total Returns % (as of 6/30/2018)
YTD 1YR 3YR 5YR SI1
Corporate Bond ETF (HCOR, NAV) -3.95 -1.16 --- --- 1.45
Corporate Bond ETF (HCOR, Market Price) -3.95 -1.24 --- --- 1.59
Benchmark (Bloomberg Barclays US Corporate Bond Index) -3.27 -0.83 3.07 3.51 ---
Performance (%)
% (as of 6/30/2018)
Average Annual Total Returns % (as of 6/30/2018)
YTD 1YR 3YR 5YR SI1
Corporate Bond ETF (HCOR, NAV) -3.95 -1.16 --- --- 1.45
Corporate Bond ETF (HCOR, Market Price) -3.95 -1.24 --- --- 1.59
Benchmark (Bloomberg Barclays US Corporate Bond Index) -3.27 -0.83 3.07 3.51 ---

SI = Since Inception.
Fund Inception: 03/21/2017
Operating Expenses:  
Net  0.44%  |   Gross  0.44%

Performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be higher or lower than actual data quoted. 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 higher or lower than the performance quoted.

ETF Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total returns are calculated using the daily 4:00pm Eastern Time net asset value (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 you would receive if you traded shares at other times. The Fund is new and has a limited operating history.

Calendar Year Returns(%)
2015 0.00
2014 0.00

Characteristics Allocations, exposures and holdings are subject to change. Percentages may be rounded.

Holdings Characteristics
(as of 6/30/2018)
Fund
Number of Holdings 119
Effective Duration 7.11
Years To Worst 10.82
Yields(%)
As of Date 6/30/2018
Distribution Yield at NAV 3.65
Trailing 12 Month Yield 3.47
30-Day SEC Yield 4.04
30-Day UNSUB SEC Yield 4.04

Top Ten Holdings (%)

(as of 7/20/2018)
US 5yr Note (cbt) Sep18 Xcbt 20180928 13.79
US 2yr Note (cbt) Sep18 Xcbt 20180928 7.14
US Long Bond(cbt) Sep18 Xcbt 20180919 3.89
Verizon Communications Sr Unsecured 09/23 5.15 2.52
Time Warner Cable Llc Sr Secured 04/19 8.25 2.31
Charter Comm Opt Llc/cap Sr Secured 07/20 3.579 2.16
Aircastle Ltd Sr Unsecured 03/21 5.125 2.14
Crown Castle Intl Corp Sr Unsecured 02/21 3.4 2.02
Unitedhealth Group Inc Sr Unsecured 02/38 6.875 1.70
Andeavor Logis Lp/corp Company Guar 12/27 4.25 1.52
Total of Top Ten Holdings 39.19

Credit Exposure (%)

(as of 6/30/2018)
label value
Aaa/AAA 1.5
Aa/AA 4.4
A 22.0
Baa/BBB 69.3
Ba/BB 1.2
B 1.3
Not Rated 0.0
Cash & Cash Offsets 0.2

Credit exposure is the credit ratings for the underlying securities of the Fund as provided by Standard and Poor's (S&P), Moody's Investors Service, or Fitch and typically range from AAA/Aaa (highest) to C/D (lowest). If S&P, Moody's, and Fitch assign different ratings, the median rating is used. If only two agencies assign ratings, the lower rating is used. Securities that are not rated by any of the three agencies are listed as "Not Rated." S&P, Moody’s, and Fitch study the financial condition of an entity to ascertain its creditworthiness. The credit ratings reflect the rating agency's opinion of the holdings financial condition and histories. Ratings do not apply to the Fund itself or to Fund shares. Ratings may change.

Sector Exposure (%)
Sectors 5/31/2018 FUND 6/30/2018 Bloomberg Barclays US Corporate Bond Index 6/30/2018
Communications 14.0 16.2 8.9
Non Corporate Credit 7.8 7.3 0.7
Insurance 9.6 8.3 4.4
Electric Utility 9.0 9.0 6.4
Finance Companies 2.0 2.2 0.9
REITS 3.8 3.8 2.5
Natural Gas 0.7 0.7 0.5
Non-Credit -0.3 0.2 0.2
Transportation 1.8 1.8 2.2
Banking 22.1 22.1 23.3
Basic Industry 1.7 1.8 3.0
Energy 7.7 7.9 9.2
Capital Goods 2.3 2.4 5.2
Technology 3.6 3.6 8.4
Consumer Non-Cyclical 9.9 11.2 16.0
Consumer Cyclical 4.2 1.7 6.9
Distributions and Capital Gains
Ex-Dividend Date Record Date Payable Date Ordinary Income Short-Term Capital Gain Long-Term Capital Gain Total DIstribution
6/21/2018 6/22/2018 6/26/2018 $0.147794 $0.000000 $0.000000 $0.147794
5/21/2018 5/22/2018 5/24/2018 $0.130350 $0.000000 $0.000000 $0.130350
4/23/2018 4/24/2018 4/26/2018 $0.152593 $0.000000 $0.000000 $0.152593
3/22/2018 3/23/2018 3/27/2018 $0.130234 $0.000000 $0.000000 $0.130234
2/22/2018 2/23/2018 2/27/2018 $0.153057 $0.000000 $0.000000 $0.153057
1/22/2018 1/23/2018 1/25/2018 $0.122304 $0.000000 $0.000000 $0.122304
12/21/2017 12/22/2017 12/29/2017 $0.181314 $0.305200 $0.025800 $0.512371
11/21/2017 11/22/2017 11/29/2017 $0.123701 $0.000000 $0.000000 $0.123701
10/24/2017 10/25/2017 10/27/2017 $0.131561 $0.000000 $0.000000 $0.131561
9/25/2017 9/26/2017 9/28/2017 $0.150129 $0.000000 $0.000000 $0.150129
8/23/2017 8/25/2017 8/29/2017 $0.141293 $0.000000 $0.000000 $0.141293
7/21/2017 7/25/2017 7/28/2017 $0.122221 $0.000000 $0.000000 $0.122221

Past distributions are not indicative of future distributions.

Insights & Literature

pdf

Client Conversations: Duration Risk Is Rising: Are You Prepared? 

Wed Jul 18 15:13:00 EDT 2018
Rising interest rates may have a significant effect on fixed-income investments.
pdf

The 5-Minute Forecast 3Q18 

Wed Jul 18 11:24:00 EDT 2018
A concise summary of the Hartford Funds Multi-Asset Team’s views on the main challenges facing investors: Growth, Income, Volatility, Inflation, and Taxes.
pdf

3 Myths About ETF Liquidity 

Thu Mar 01 09:30:00 EST 2018
On the surface, ETFs and mutual funds generally share common characteristics. But underneath the surface, ETF liquidity is significantly different.

Fund Literature

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Fact Sheet

06/30/2018 | pdf

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Hartford International Flyer

06/30/2018 | pdf

Max 20

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Hartford Funds ETF Flyer

01/18/2018 | pdf

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Corporate Bond ETF SAI

11/28/2017 | pdf

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A WORD ABOUT RISK

The fund is new and has a limited operating history. Investing involves risk, including the possible loss of principal. There is no guarantee a fund will achieve its stated objective. The net asset value (NAV) of the fund's shares may fluctuate due to changes in the market value of the fund's holdings. The Fund's share price may 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. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • 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. • 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.

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).

Investors may acquire ETF Shares and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

Hartford Funds does not provide legal, tax, or accounting advice.  An investor should obtain independent tax advice based on their individual circumstances. 

Sources for all data: Hartford Funds and Wellington Management.

201153    HFA000132