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Value etf

Hartford Longevity Economy ETF   

TICKER
HLGE

Value etf

Hartford Longevity Economy ETF   
Ticker - HLGE

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

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 1/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 1/31/2024)
YTD 1YR 3YR 5YR 10YR SI 1
Hartford Longevity Economy ETF(HLGE, NAV) 1.40 12.73 --- --- --- 5.07
Hartford Longevity Economy ETF(HLGE, Market Price) 1.40 12.77 --- --- --- 5.07
Underlying Index (Hartford Longevity Economy Index - LHLGEX) 1.44 12.94 --- --- --- ---
Reference Index 1.11 19.15 9.10 13.53 11.96 ---
Morningstar Mid-Cap Blend Category -1.00 6.25 6.33 9.62 8.45 ---
 
CUMULATIVE %
(as of 12/31/2023)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 12/31/2023)
YTD 1YR 3YR 5YR 10YR SI1
Hartford Longevity Economy ETF(HLGE, NAV) 19.03 19.03 --- --- --- 4.71
Hartford Longevity Economy ETF(HLGE, Market Price) 19.03 19.03 --- --- --- 4.71
Underlying Index (Hartford Longevity Economy Index - LHLGEX) 19.27 19.27 --- --- --- ---
Reference Index 25.96 25.96 8.54 15.16 11.48 ---
Morningstar Mid-Cap Blend Category 16.00 16.00 6.83 11.96 8.28 ---

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.

Hartford Longevity Economy ETF Morningstar Ratings
Morningstar Medalist RatingTM
1/31/2024

Characteristics

Fund Essentials (as of 2/29/2024)
Ticker HLGE
Underlying Index LHLGEX
Inception Date 03/16/2021
Net Assets $9,420,833
Total Operating Expenses 0.44%
Shares Outstanding 325,000
Distributor ALPS Distributors, Inc.
Morningstar Category Mid-Cap Blend
Lipper Classification Multi-Cap Value Funds
Holdings Characteristics
Price/Earnings
16.9x
Price/Book
3.7x
Price/Earnings
19.8x
Nominal Companies
323
Effective Companies
190
Debt to Equity
290.9%
Index Dividend Yield (%)
1.44
Yields (%) (as of 1/31/24)
Distribution Yield at NAV
2.01
Trailing 12 Month Yield
1.38
30-Day SEC Yield
1.00
Unsubsidized 30-Day SEC Yield
1.00
Dividend Yield
---
Sector Exposure (%)
Information Technology 31
Health Care 21
Consumer Discretionary 17
Communication Services 10
Financials 9
Consumer Staples 7
Industrials 3
Utilities 1
Real Estate 1
Materials 0
Energy 0
Information Technology 30
Health Care 21
Consumer Discretionary 17
Communication Services 10
Financials 9
Consumer Staples 7
Industrials 3
Utilities 1
Real Estate 1
Materials 0
Energy 0
TRADING DETAILS (as of 2/29/2024)
Ticker HLGE
CUSIP 518416805
IOPV TICKER HLGE.IV
Stock Exchange NYSE Arca
Close $29.01
Change $0.25
Change % 0.86%
Net Asset Value(NAV)
NAV Change
NAV Change %
Premium/Discount 0.09%
30 Day Median Bid/Ask Spread
0.17%
Top Ten Holdings (%) (as of 2/29/2024)
SUPER MICRO COMPUTER INC COMMON STOCK USD.001 2.15
META PLATFORMS INC CLASS A COMMON STOCK USD.000006 1.43
BROADCOM INC COMMON STOCK 1.19
ELI LILLY + CO COMMON STOCK 1.11
COMMVAULT SYSTEMS INC COMMON STOCK USD.01 1.03
DELL TECHNOLOGIES C COMMON STOCK 1.02
CARGURUS INC COMMON STOCK USD.001 0.98
JPMORGAN CHASE + CO COMMON STOCK USD1.0 0.92
MICROSOFT CORP COMMON STOCK USD.00000625 0.92
FAIR ISAAC CORP COMMON STOCK USD.01 0.91
Total of Top Ten Holdings % 11.66
Market Cap Distribution (%)

Market Cap Header

FUND Russell 3000 Index

Market Cap Header3

Less than $2B 4 2
$2B - $10B 20 8
$10B - $100B 45 31
Greater than $100B 31 60
distributions and capital gains
Ex-dividend date record date payable date ordinary income short term capital gains long term capital gains total distribution
12/22/2023 12/26/2023 12/28/2023 $0.1385 $0.0000 $0.0000 $0.1385
9/26/2023 9/27/2023 9/29/2023 $0.0771 $0.0000 $0.0000 $0.0771
6/26/2023 6/27/2023 6/29/2023 $0.0822 $0.0000 $0.0000 $0.0822
3/24/2023 3/27/2023 3/29/2023 $0.0828 $0.0000 $0.0000 $0.0828
Past distributions are not indicative of future distributions.

Literature


12/31/2023 - PDF (225 KB)
This Fact Sheet summarizes the ETFs investment approach, portfolio statistics, top holdings, and the current performance.
12/31/2023 - PDF (193 KB)
Exchange-traded funds (ETFs) designed by Hartford Funds - both strategic beta and actively managed - seek to provide investors with the tools to take greater control over the risks and opportunities in their portfolios.
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
12/31/2023 - PDF (416 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.
PDF (13 KB)
A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.
Important Risks: Investing involves risk, including the possible loss of principal. The net asset value (NAV) of the Fund's shares may fluctuate due to changes in the market value of the Fund's holdings which may in-turn fluctuate due to market and economic conditions. The market prices of the Fund's shares will generally fluctuate due to changes in the relative supply of and demand for the shares on an exchange. • 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.
3232257 HFA002186

The material on this site is for informational and educational purposes only. The material should not be considered tax or legal advice and is not to be relied on as a forecast. The material is also not a recommendation or advice regarding any particular security, strategy or product. Hartford Funds does not represent that any products or strategies discussed are appropriate for any particular investor so investors should seek their own professional advice before investing. Hartford Funds does not serve as a fiduciary. Content is current as of the publication date or date indicated, and may be superseded by subsequent market and economic conditions.

Investing involves risk, including the possible loss of principal. Investors should carefully consider a fund's investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund, or ETF summary prospectus and/or prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA|SIPC. ETFs are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, Lattice, and HFMC, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

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