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 generally exempt from federal taxes and long-term total return.
| Ticker | HMOP |
| Inception | December 13, 2017 |
| Net Assets | $136,916,260.49 |
| Shares Outstanding | 3,300,000 |
| Distributor | ALPS Distributors, Inc. |
| Dividend Frequency | Monthly |
| Ticker | HMOP |
| CUSIP | 41653L503 |
| IOPV TICKER | HMOP.IV |
| Stock Exchange | NYSE Arca |
| Close | $41.54 |
| Change | $0.00 |
| Change % | 0.00% |
| Net Asset Value(NAV) | $41.49 |
| NAV Change | $0.01 |
| NAV Change % | 0.03% |
| Premium/Discount | 0.12% |
|
Average Annual Total Returns % (as of
5/31/2019)
|
|||||
| 1YR | 3YR | 5YR | SI1 | ||
|---|---|---|---|---|---|
| Hartford Municipal Opportunities ETF(HMOP, NAV) | 6.91 | --- | --- | 4.75 | |
| Hartford Municipal Opportunities ETF(HMOP, Market Price) | 6.98 | --- | --- | 4.88 | |
| Bloomberg Barclays Municipal 1-15 Year Blend (1-17) Index | 5.87 | 2.57 | 2.95 | --- | |
|
Average Annual Total Returns % (as of
3/31/2019)
|
|||||
| 1YR | 3YR | 5YR | SI1 | ||
|---|---|---|---|---|---|
| Hartford Municipal Opportunities ETF(HMOP, NAV) | 5.64 | --- | --- | 3.90 | |
| Hartford Municipal Opportunities ETF(HMOP, Market Price) | 5.51 | --- | --- | 3.91 | |
| Bloomberg Barclays Municipal 1-15 Year Blend (1-17) Index | 5.09 | 2.31 | 3.05 | --- | |
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.
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. Brokerage commissions apply and will reduce returns.
| 2018 | 1.44 |
| As of Date | 5/31/2019 |
| Distribution Yield at NAV | 2.39 |
| 30-Day SEC Yield | 2.08 |
| 30-Day UNSUB SEC Yield | 2.08 |
Top Ten Holdings (%)
| NEW YORK CITY NY TRANSITIONAL NYCGEN 08/35 FIXED 5 | 1.78 |
| BUCKEYE OH TOBACCO SETTLEMENT BUCGEN 06/47 FIXED OID 5.875 | 1.53 |
| MINNEAPOLIS MN SAINT PAUL MN MINMED 08/25 ADJUSTABLE VAR | 1.45 |
| NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/50 ADJUSTABLE VAR | 1.45 |
| MARYLAND ST MDS 03/28 FIXED 5 | 1.35 |
| JEA FL ELEC SYS REVENUE JACPWR 10/28 FIXED 5 | 1.33 |
| DIST OF COLUMBIA DIS 06/27 FIXED 5 | 1.33 |
| MASSACHUSETTS ST MAS 01/42 FIXED 5 | 1.29 |
| LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/35 FIXED 5 | 1.28 |
| NORTH EAST TX INDEP SCH DIST NRESCD 02/20 FIXED 5 | 1.27 |
| Total of Top Ten Holdings | 14.06 |
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Fund LiteratureSelect All
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|
Fact Sheet03/31/2019 | pdfThis Fact Sheet summarizes the ETF's investment approach, portfolio statistics, top holdings, and current performance.
|
Municipal Opportunities ETF Summary Prospectus11/28/2018 | pdfA concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.
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Semi Annual Report03/31/2019 | pdfA semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
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Annual Report09/30/2018 | pdfAn annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
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Hartford Municipal Opportunities ETF Pitchbook03/31/2019 | 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 SAI11/28/2018 | pdfA supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.
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Municipal Opportunities ETF Statutory Prospectus11/28/2018 | pdfAn annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.
|
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.
211395 HFA000466