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Objective
The Fund seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an Index, which is designed to generate attractive risk-adjusted returns by investing in companies that comprise industries that reflect certain themes that are expected to benefit from the growth of the aging population and the substantial buying power it represents.
Overview
This Fund is designed to provide exposure to US markets that take advantage of the growing importance of the buying power of the aging global population.
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 of top-down exposure to higher conviction sub-industries
Select Securities
Seek companies with a favorable combination of low valuation (50%), high momentum (30%), and high quality (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
Underlying Index: Hartford Longevity Economy Index (Bloomberg Ticker: LHLGEX)
Performance
PERFORMANCE %
SI = Since Inception. Fund Inception: 03/16/2021
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.
Index performance returns do not reflect any management fees, transaction costs, or expenses.
ETF shares are bought and sold at market price, not net asset value (NAV). Total returns are calculated using the daily 4:00 p.m. Eastern Time 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 an investor would receive if they traded shares at other times. Brokerage commissions apply and will reduce returns.
Characteristics
Holdings Characteristics
| Price/Book | 2.7x |
| Price/Earnings | 14.8x |
| Nominal Companies | 327 |
| Effective Companies | 195 |
| Debt to Equity | 258.8% |
| Index Dividend Yield (%) | 1.89 |
Yields (%)
(as of 2/28/23)
| Distribution Yield at NAV | 4.43 |
| Trailing 12 Month Yield | 1.97 |
| 30-Day SEC Yield | 1.43 |
|
Unsubsidized 30-Day SEC Yield
|
1.43 |
| Dividend Yield | --- |
Sector Exposure (%)
TRADING DETAILS
(as of 3/24/2023)
| Ticker | HLGE |
| CUSIP | 518416805 |
| IOPV TICKER | HLGE.IV |
| Stock Exchange | NYSE Arca |
| Close | $23.07 |
| Change | $0.01 |
| Change % | 0.02% |
| Net Asset Value(NAV) | $23.09 |
| NAV Change | $0.05 |
| NAV Change % | 0.21% |
| Premium/Discount | -0.09% |
| 30 Day Median Bid/Ask Spread |
0.17% |
Top Ten Holdings (%)
(as of 3/24/2023)
| META PLATFORMS INC CLASS A COMMON STOCK USD.000006 | 1.15 |
| ALPHABET INC CL A COMMON STOCK USD.001 | 1.03 |
| SUPER MICRO COMPUTER INC COMMON STOCK USD.001 | 1.02 |
| MERCK + CO. INC. COMMON STOCK USD.5 | 0.97 |
| PFIZER INC COMMON STOCK USD.05 | 0.97 |
| VMWARE INC CLASS A W/I COMMON STOCK USD.01 | 0.92 |
| QUEST DIAGNOSTICS INC COMMON STOCK USD.01 | 0.92 |
| HOME DEPOT INC COMMON STOCK USD.05 | 0.91 |
| ORACLE CORP COMMON STOCK USD.01 | 0.86 |
| APPLE INC COMMON STOCK USD.00001 | 0.85 |
| Total of Top Ten Holdings % | 9.6 |
Market Cap Distribution (%)
| FUND | Russell 3000 Index | |
|---|---|---|
| Less than $2B | 10 | 2 |
| $2B - $10B | 21 | 9 |
| $10B - $100B | 44 | 36 |
| Greater than $100B | 25 | 52 |
distributions and capital gains
| Ex-dividend date | record date | payable date | ordinary income | short term capital gains | long term capital gains | total distribution |
|---|---|---|---|---|---|---|
| 3/24/2023 | 3/27/2023 | 3/29/2023 | $0.0828 | $0.0000 | $0.0000 | $0.0828 |
| 12/22/2022 | 12/23/2022 | 12/28/2022 | $0.2667 | $0.0000 | $0.0000 | $0.2667 |
| 9/27/2022 | 9/28/2022 | 9/30/2022 | $0.0758 | $0.0000 | $0.0000 | $0.0758 |
| 6/27/2022 | 6/28/2022 | 6/30/2022 | $0.0678 | $0.0000 | $0.0000 | $0.0678 |
| 3/25/2022 | 3/28/2022 | 3/30/2022 | $0.0655 | $0.0000 | $0.0000 | $0.0655 |
Past distributions are not indicative of future distributions.
Insights
Literature
12/31/2022 - PDF (226 KB)
This Fact Sheet summarizes the ETFs investment approach, portfolio statistics, top holdings, and the current performance.
PDF (135 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
12/31/2022 - PDF (389 KB)
This Pitchbook reviews the ETF's investment approach, investment team, investment process, and general portfolio parameters.
PDF (3 KB)
An unaudited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.
PDF (3 KB)
An audited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
Important Risks: Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • The Fund is not actively managed but rather attempts to track the performance of an index. The Fund's returns may diverge from that of the index. • The Fund's focus on securities of issuers that are expected to benefit from providing goods and services that are needed by or attractive to the world's aging populations may affect the Fund's exposure to certain industries or types of investments. Certain investments in companies focused on longevity and aging solutions may be affected by government regulations or other factors. • Investments focused in an industry or group of industries may increase volatility and 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.
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).
Hartford Longevity Economy Index (the "Index") is the property of Lattice Strategies LLC, a wholly owned subsidiary of Hartford Funds Management Company, LLC, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Index LLC) to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors and none of those parties will be liable for any errors or omissions in calculating the Index.
Sources for all data: Bloomberg, MSCI, and Hartford Funds.
227201 HFA001398