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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.
Portfolio Management
6
YRS
MANAGING THIS FUND
19
YRS
AT WELLINGTON MANAGEMENT
36
YRS
EXPERIENCE IN THIS INDUSTRY
6
YRS
MANAGING THIS FUND
14
YRS
AT WELLINGTON MANAGEMENT
28
YRS
EXPERIENCE IN THIS INDUSTRY
0
YRS
MANAGING THIS FUND
23
YRS
AT WELLINGTON MANAGEMENT
23
YRS
EXPERIENCE IN THIS INDUSTRY
The portfolio managers are supported by the full resources of Wellington.
Performance
PERFORMANCE %
SI = Since Inception. Fund Inception: 12/13/2017
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 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 Municipal Opportunities ETF Morningstar Ratings
overall
(as of 3/31/2024)
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 261, 261 and 238 products, respectively. Morningstar RatingTM
is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures
. Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
261 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 3/31/2024)
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 261, 261 and 238 products, respectively. Morningstar RatingTM
is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures
. Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
261 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 3/31/2024)
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 261, 261 and 238 products, respectively. Morningstar RatingTM
is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures
. Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
238 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
Characteristics
Fund Essentials
(as of 4/22/2024)
FUND STATS
| Yield to Worst (%) | 3.66% |
|---|---|
| Dividend Frequency | Monthly |
| Effective Duration | 5.16 yrs |
Yields (%)
(as of 3/31/24)
| Distribution Yield at NAV | 2.93 |
| 30-Day SEC Yield | 3.31 |
|
Unsubsidized 30-Day SEC Yield
|
3.31 |
Credit Exposure (%)
| Aaa/AAA | 14 |
| Aa/AA | 32 |
| A | 35 |
| Baa/BBB | 10 |
| Ba/BB | 4 |
| B | 0 |
| Caa/CCC or lower | 0 |
| Not Rated | 4 |
| Cash & Cash Offsets | 1 |
Credit exposure is the credit ratings for the underlying securities of the Fund as provided by Standard and Poor's (S&P), Moody's Investors Service, or Fitch and typically range from AAA/Aaa (highest) to C/D (lowest). If S&P, Moody's, and Fitch assign different ratings, the median rating is used. If only two agencies assign ratings, the lower rating is used. Securities that are not rated by any of the three agencies are listed as "Not Rated." Ratings do not apply to the Fund itself or to Fund shares. Ratings may change.
TRADING DETAILS
(as of 4/22/2024)
| Ticker | HMOP |
| CUSIP | 41653L503 |
| IOPV TICKER | HMOP.IV |
| Stock Exchange | NYSE Arca |
| Close | $38.53 |
| Change | $-0.02 |
| Change % | -0.05% |
| Net Asset Value(NAV) | $38.50 |
| NAV Change | $0.01 |
| NAV Change % | 0.02% |
| Premium/Discount | 0.07% |
| 30 Day Median Bid/Ask Spread |
0.18% |
Top Ten Holdings (%)
(as of 4/23/2024)
| LOS ANGELES CA DEPT OF WTR P LOSUTL 07/57 ADJUSTABLE VAR | 3.93 |
| US DOLLAR | 2.53 |
| TEXAS ST TXS 12/50 ADJUSTABLE VAR | 1.73 |
| ARIZONA INDL DEV AUTH HOSP REV AZSMED 02/48 ADJUSTABLE VAR | 1.48 |
| MASSACHUSETTS ST HLTH EDUCTN MASMED 07/27 ADJUSTABLE VAR | 1.39 |
| ILLINOIS ST ILS 12/42 FIXED 5 | 1.25 |
| CALIFORNIA CMNTY CHOICE FING A CCEDEV 05/54 ADJUSTABLE VAR | 0.89 |
| MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/36 FIXED 4 | 0.88 |
| INDIANA ST FIN AUTH HLTH SYS R INSMED 10/42 FIXED 5 | 0.81 |
| COATESVILLE PA AREA SCH DIST COASCD 11/37 FIXED 5.25 | 0.80 |
| Total of Top Ten Holdings % | 15.69 |
distributions and capital gains
| Ex-dividend date | record date | payable date | ordinary income | short term capital gains | long term capital gains | total distribution |
|---|---|---|---|---|---|---|
| 3/27/2024 | 3/28/2024 | 4/2/2024 | $0.0948 | $0.0000 | $0.0000 | $0.0948 |
| 2/27/2024 | 2/28/2024 | 3/1/2024 | $0.1008 | $0.0000 | $0.0000 | $0.1008 |
| 1/29/2024 | 1/30/2024 | 2/1/2024 | $0.0877 | $0.0000 | $0.0000 | $0.0877 |
| 12/28/2023 | 12/29/2023 | 1/3/2024 | $0.1451 | $0.0000 | $0.0000 | $0.1451 |
| 12/15/2023 | 12/18/2023 | 12/20/2023 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
| 11/28/2023 | 11/29/2023 | 12/1/2023 | $0.1048 | $0.0000 | $0.0000 | $0.1048 |
| 10/27/2023 | 10/30/2023 | 11/1/2023 | $0.0937 | $0.0000 | $0.0000 | $0.0937 |
| 9/28/2023 | 9/29/2023 | 10/3/2023 | $0.0929 | $0.0000 | $0.0000 | $0.0929 |
| 8/30/2023 | 8/31/2023 | 9/5/2023 | $0.0982 | $0.0000 | $0.0000 | $0.0982 |
| 7/28/2023 | 7/31/2023 | 8/2/2023 | $0.0845 | $0.0000 | $0.0000 | $0.0845 |
| 6/29/2023 | 6/30/2023 | 7/5/2023 | $0.1001 | $0.0000 | $0.0000 | $0.1001 |
| 5/26/2023 | 5/30/2023 | 6/1/2023 | $0.0836 | $0.0000 | $0.0000 | $0.0836 |
| 4/27/2023 | 4/28/2023 | 5/2/2023 | $0.0813 | $0.0000 | $0.0000 | $0.0813 |
Past distributions are not indicative of future distributions.
Insights
Fund Literature
03/31/2024 - PDF (166 KB)
This Fact Sheet summarizes the ETF's investment approach, portfolio statistics, top holdings, and 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.
03/31/2024 - PDF (190 KB)
Current quarterly commentary from our sub-adviser, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
12/31/2023 - PDF (372 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
PDF (162 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
12/31/2023 - PDF (489 KB)
This Pitchbook reviews the ETF's investment approach, investment team, investment process, portfolio statistics, top holdings, and current performance.
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.
PDF (13 KB)
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. 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 Fund's share price may fluctuate due to changes in the relative supply of and demand for the shares on an exchange. The Fund is actively managed and does not seek to replicate the performance of a specified index. • Municipal securities may be adversely impacted by state/local, political, economic, or market conditions. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • In certain instances, unlike other ETFs, the Fund may effect creations and redemptions partly or wholly for cash, rather than in-kind, which may make the Fund less tax-efficient and incur more fees than an ETF that primarily or wholly effects creations and redemptions in-kind. • Financially material environmental, social and/or governance (ESG) characteristics are one of several factors that may be considered. The Fund may perform differently from funds that do not integrate ESG into their analysis.
BLOOMBERG® and any Bloomberg Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the indices (collectively, "Bloomberg") and have been licensed for use for certain purposes by Hartford Funds. Bloomberg is not affiliated with Hartford Funds, and Bloomberg does not approve, endorse, review, or recommend any Hartford Funds product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to Hartford Fund products.
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).
Sources for all data: Hartford Funds and Wellington Management.
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