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.
Senior Managing Director
Fixed-Income Portfolio Manager
Managing Director
Fixed-Income Portfolio Manager & Credit Analyst
Portfolio managers are supported by the full resources of Wellington Management, the fund's sub-adviser.
| Ticker | HMOP |
| Inception | December 13, 2017 |
| Net Assets | $103,207,268.90 |
| Shares Outstanding | 2,600,000 |
| Distributor | ALPS Distributors, Inc. |
| Dividend Frequency | Monthly |
| 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% |
|
Average Annual Total Returns % (as of
11/30/2018)
|
|||||
| 1YR | 3YR | 5YR | SI1 | ||
|---|---|---|---|---|---|
| Hartford Municipal Opportunities ETF(HMOP, NAV) | --- | --- | --- | 0.73 | |
| Hartford Municipal Opportunities ETF(HMOP, Market Price) | --- | --- | --- | 0.65 | |
| Bloomberg Barclays Municipal 1-15 Year Blend (1-17) Index | 1.30 | 1.76 | 2.74 | --- | |
|
Average Annual Total Returns % (as of
9/30/2018)
|
|||||
| 1YR | 3YR | 5YR | SI1 | ||
|---|---|---|---|---|---|
| Hartford Municipal Opportunities ETF(HMOP, NAV) | --- | --- | --- | 0.22 | |
| Hartford Municipal Opportunities ETF(HMOP, Market Price) | --- | --- | --- | 0.19 | |
| Bloomberg Barclays Municipal 1-15 Year Blend (1-17) Index | 0.02 | 1.76 | 2.72 | --- | |
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.
| 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 (%)
| 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 |
3 Myths About ETF Liquidity
Thu Mar 01 09:30:00 EST 2018Financial Professionals:
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Fact Sheet09/30/2018 | pdfThis Fact Sheet summarizes the ETF's investment approach, portfolio statistics, top holdings, and current performance.
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Municipal Opportunities ETF Summary Prospectus12/14/2017 | pdfA concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.
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Hartford Municipal Opportunities ETF Pitchbook09/30/2018 | pdfThis Pitchbook reviews the ETF's investment approach, investment team, investment process, portfolio statistics, top holdings, and current performance.
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Municipal Opportunities ETF SAI03/01/2018 | pdfA supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.
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A WORD ABOUT RISK
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