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Hartford Multifactor REIT ETF

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Objective

Hartford Multifactor REIT ETF (”RORE”) seeks to provide investment results that, before fees and expenses, correspond to the total return performance of Hartford Risk-Optimized Multifactor REIT Index (Bloomberg Ticker: LROREX) which tracks the performance of publicly traded real estate investment trusts (REITs).

Overview

Designed to provide exposure to US Real Estate Investment Trusts (REITs)

More About Hartford Multifactor REIT ETF 

Our systematic, rules-based index methodology is designed to simultaneously address risks while seeking exposures to return-enhancing factors:

Set Risk Parameters

Seek to improve diversification versus a cap-weighted benchmark by reducing concentration at the property type and individual company levels

Select Securities

Seek companies with a favorable combination of high quality (50%), high momentum (30%), and low valuation (20%) investment factors

Reconstitute and Rebalance

Reapply the investment process twice a year in March and September to ensure the portfolio stays true to the rules-based index methodology

Characteristics

Holdings Characteristics
(as of 10/31/2017)
Fund MSCI USA REIT Index
Price-to-Book 2.43 2.26
Price-to-Earnings 40.75 44.97
Return on Invested Capital(%) 5.39 5.08
Nominal Companies 50 151
Effective Companies 48 55
Market Cap Distribution(%)
(as of 10/31/2017)
Fund MSCI USA REIT Index
Less than $2B 33.4 6.0
$2B - $10B 52.2 41.1
$10B - $100B 14.5 52.9
Greater than $100B 0.0 0.0

Top Ten Holdings (%)

(as of 12/13/2017)
Xenia Hotels + Resorts Inc Reit Usd.01 2.43
Cubesmart Reit Usd.01 2.40
Ryman Hospitality Properties Reit Usd.01 2.39
Armada Hoffler Properties In Reit Usd.01 2.36
National Storage Affiliates Reit Usd.01 2.32
Summit Hotel Properties Inc Reit 2.28
Select Income Reit Reit Usd.01 2.28
Getty Realty Corp Reit Usd.01 2.20
Eastgroup Properties Inc Reit 2.18
Camden Property Trust Reit Usd.01 2.17
Total of Top Ten Holdings 23.01

Holdings are subject to change. Percentages may be rounded.

Sub-Industry Allocation (%)
Sectors 9/30/2017 Fund 10/31/2017 MSCI USA REIT Index 10/31/2017 UNDERWEIGHT / OVERWEIGHT -11 0 11
Retail REIT 29.2 28.9 18.2
Overweight 100.00000000000001%
Hotel REIT 7.2 7.6 6.7
Overweight 9.090909090909092%
Diversified REIT 10.3 8.7 7.8
Overweight 9.090909090909092%
Specialty REIT 17.2 18.0 18.4
Overweight 0.0%
Industrial REIT 6.0 6.3 7.6
Overweight 9.090909090909092%
Healthcare REIT 9.7 9.5 11.9
Overweight 18.181818181818183%
Residential REIT 12.9 13.6 16.5
Overweight 27.272727272727273%
Office REIT 7.5 7.5 13.0
Overweight 54.54545454545455%

Based on Global Industry Classification Standard (GICS), which was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (S&P). Excludes cash. May not total to 100% due to rounding and/or pooled vehicle allocations.

Distributions and Capital Gains
Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Total Distribution
9/25/2017 9/26/2017 9/28/2017 $0.075000 $0.000000 $0.000000 $0.075000
6/23/2017 6/27/2017 6/29/2017 $0.071482 $0.000000 $0.000000 $0.071482
3/23/2017 3/27/2017 3/29/2017 $0.140577 $0.000000 $0.000000 $0.140577
12/23/2016 12/28/2016 12/30/2016 $0.158760 $0.016900 $0.000000 $0.175614

Performance

Performance (%)
% (as of 11/30/2017)
Average Annual Total Returns % (as of 11/30/2017)
YTD 1YR 3YR 5YR SI1
Multifactor REIT ETF (RORE, NAV) 5.46 11.95 --- --- 8.10
Multifactor REIT ETF (RORE, Market Price) 5.53 11.95 --- --- 8.10
Underlying Index (Hartford Risk-Optimized Multifactor REIT Index - LROREX) 5.93 12.51 --- --- 8.61
Reference Index (MSCI USA REIT Index) 5.30 10.23 6.12 10.19 ---
Performance (%)
% (as of 9/30/2017)
Average Annual Total Returns % (as of 9/30/2017)
YTD 1YR 3YR 5YR SI1
Multifactor REIT ETF (RORE, NAV) 4.52 --- --- --- 8.54
Multifactor REIT ETF (RORE, Market Price) 4.59 --- --- --- 8.55
Underlying Index (Hartford Risk-Optimized Multifactor REIT Index - LROREX) 4.94 7.41 --- --- 9.09
Reference Index (MSCI USA REIT Index) 3.61 0.54 9.67 9.58 ---

SI = Since Inception.
Fund Inception: 10/03/2016
Operating Expenses:  
Net  0.45%  |   Gross  0.45%

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.

Index performance returns do not reflect any management fees, transaction costs, or expenses.

Hartford Multifactor 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.

1 For comparison purposes, index "inception" return is based on the fund's inception date. 

Key Facts & Trading Details

Key Facts  (as of 12/13/2017)
Ticker RORE
Inception October 3, 2016
Underlying Index LROREX
Net Assets $9,425,667.43
Shares Outstanding 600,000
Distributor ALPS Distributors, Inc.
Trading Details  (as of 12/13/2017)
Ticker RORE
CUSIP 518416300
IOPV TICKER RORE.IV
Stock Exchange NYSE Arca
Close $15.75
Change $0.05
Change % 0.32%
Net Asset Value(NAV) $15.71
NAV Change $0.08
NAV Change % 0.53%
Premium/Discount 0.26%

Insights & Literature

pdf

3 “Smart” Ways to Implement Strategic-Beta Strategies in Portfolios 

Mon Sep 18 12:00:00 EDT 2017
Things to consider when implementing factor-based investing strategies in client portfolios.
pdf

How Risk Efficient Is Your Strategic Beta? 

Tue Sep 05 10:00:00 EDT 2017
With lower forward-looking returns for equities likely, investor interest in such strategies continues to accelerate as a potential means to enhance capital growth beyond market beta.
pdf

Pursuing Long-Term Capital Growth Through Risk Efficiency 

Fri Feb 03 11:06:00 EST 2017
Investor interest in multifactor strategies continues to accelerate as a potential means to enhance capital growth beyond market beta.

Fund Literature

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Fact Sheet

09/30/2017 | pdf
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Investment Case

06/30/2017 | pdf

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Brochure

09/30/2017 | pdf

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Semi Annual Report

05/31/2017 | pdf

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Flyer

07/14/2017 | pdf

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Flyer

05/10/2017 | pdf
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Multifactor REIT ETF SAI

05/11/2017 | pdf

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A WORD ABOUT RISK

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. A concentration in real estate securities, such as REITs, may subject the Fund to risks associated with the direct ownership of real estate as well as the risks related to the way real estate companies are organized and operated. Real estate is sensitive to changes in interest rates and general and local economic conditions and developments. The fund is non-diversified, so it may be more exposed to the risks associated with single issuers than a diversified fund. Due to the investment strategy of this Fund it may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

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.

The MSCI information may only be used for your internal use, may not be reproduced or re-disseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties or originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www. msci.com)

Sources for all data: Bloomberg, MSCI and Hartford Funds.

202097   LAT000720