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Hartford Municipal Opportunities ETF

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Objective

Seeks to provide current income that is generally exempt from federal income taxes, and long-term total return.

Overview

A municipal bond ETF that seeks to provide a diversified approach to income that is typically exempt from federal taxes and long-term total return.

More About Hartford Municipal Opportunities ETF 

Timothy D. Haney, CFA
Senior Managing Director
Fixed-Income Portfolio Manager
Brad W. Libby
Managing Director
Fixed-Income Portfolio Manager & Credit Analyst

Portfolio managers are supported by the full resources of Wellington Management, the fund's sub-adviser.

Key Facts & Trading Details

Key Facts  (as of 12/14/2018)
Ticker HMOP
Inception December 13, 2017
Net Assets $103,207,268.90
Shares Outstanding 2,600,000
Distributor ALPS Distributors, Inc.
Dividend Frequency Monthly
Trading Details  (as of 12/14/2018)
Ticker HMOP
CUSIP 41653L503
IOPV TICKER HMOP.IV
Stock Exchange NYSE Arca
Close $39.72
Change $-0.01
Change % -0.03%
Net Asset Value(NAV) $39.70
NAV Change $0.01
NAV Change % 0.04%
Premium/Discount 0.06%

Performance

Performance (%)
% (as of 11/30/2018)
Average Annual Total Returns % (as of 11/30/2018)
YTD 1YR 3YR 5YR SI1
Hartford Municipal Opportunities ETF(HMOP, NAV) 0.27 --- --- --- 0.73
Hartford Municipal Opportunities ETF(HMOP, Market Price) -0.05 --- --- --- 0.65
Bloomberg Barclays Municipal 1-15 Year Blend (1-17) Index 0.47 1.30 1.76 2.74 ---
Performance (%)
% (as of 9/30/2018)
Average Annual Total Returns % (as of 9/30/2018)
YTD 1YR 3YR 5YR SI1
Hartford Municipal Opportunities ETF(HMOP, NAV) -0.23 --- --- --- 0.22
Hartford Municipal Opportunities ETF(HMOP, Market Price) -0.51 --- --- --- 0.19
Bloomberg Barclays Municipal 1-15 Year Blend (1-17) Index -0.13 0.02 1.76 2.72 ---

SI = Since Inception.
Fund Inception: 12/13/2017
Operating Expenses:  
Net  0.30%  |   Gross  0.30%

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.

Performance reflects cumulative total returns for periods of less than one year and average annual total returns for periods of one year or greater.

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.

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

Yields(%)
As of Date 11/30/2018
Distribution Yield at NAV ---
30-Day SEC Yield 2.67
30-Day UNSUB SEC Yield 2.67

Top Ten Holdings (%)

(as of 12/13/2018)
DIST OF COLUMBIA DIS 06/27 FIXED 5 3.46
MORGAN STANLEY GOVT PORT 8302 MORGAN STANLEY GOVT PORT 8302 3.24
NEW YORK CITY NY TRANSITIONAL NYCGEN 08/35 FIXED 5 2.19
NEW YORK CITY NY TRANSITIONAL NYCFAC 07/34 FIXED 5 2.06
NORTH EAST TX INDEP SCH DIST NRESCD 02/20 FIXED 5 1.69
JEA FL ELEC SYS REVENUE JACPWR 10/28 FIXED 5 1.64
JEA FL ELEC SYS REVENUE JACPWR 10/22 FIXED 5 1.61
MASSACHUSETTS ST MAS 01/42 FIXED 5 1.61
LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/35 FIXED 5 1.56
SAN ANTONIO TX ELEC GAS REVE SANUTL 02/28 FIXED 5 1.54
Total of Top Ten Holdings 20.6

Insights & Literature

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.

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pdf

Fact Sheet

09/30/2018 | pdf

This Fact Sheet summarizes the ETF's investment approach, portfolio statistics, top holdings, and current performance.

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Municipal Opportunities ETF Summary Prospectus

12/14/2017 | pdf

A concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.

Hartford Municipal Opportunities ETF Pitchbook

09/30/2018 | pdf

This Pitchbook reviews the ETF's investment approach, investment team, investment process, portfolio statistics, top holdings, and current performance.

Municipal Opportunities ETF SAI

03/01/2018 | pdf

A supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.  

09/11/2017 | pdf

An annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.

A WORD ABOUT RISK

Important Risks: 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, as well as 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. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • 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 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.

Sources for all data: Hartford Funds and Wellington Management.

205617   HFA000264