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Tax-Advantaged Bond etf

Hartford Municipal Opportunities ETF    Ticker - HMOP


TICKER
HMOP

Key Documents
      Actions

      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
      Senior Managing Director
      Fixed-Income Portfolio Manager
      4
      YRS
      MANAGING THIS FUND
      17
      YRS
      AT WELLINGTON MANAGEMENT
      34
      YRS
      EXPERIENCE IN THIS INDUSTRY
      Managing Director
      Fixed-Income Portfolio Manager & Credit Analyst
      4
      YRS
      MANAGING THIS FUND
      12
      YRS
      AT WELLINGTON MANAGEMENT
      26
      YRS
      EXPERIENCE IN THIS INDUSTRY

      The portfolio managers are supported by the full resources of Wellington.

      Performance

      PERFORMANCE %
       
      CUMULATIVE %
      (as of 10/31/2022)
      AVERAGE ANNUAL TOTAL RETURNS %
      (as of 10/31/2022)
      YTD 1YR 3YR 5YR 10YR SI 1
      Hartford Municipal Opportunities ETF(HMOP, NAV) -12.23 -11.40 -1.78 --- --- 0.74
      Hartford Municipal Opportunities ETF(HMOP, Market Price) -12.30 -11.50 -1.84 --- --- 0.72
      Benchmark -9.56 -8.95 -1.33 0.65 1.58 ---
      Morningstar Muni National Intermediate Category -11.86 -11.18 -2.03 0.22 1.23 ---
       
      CUMULATIVE %
      (as of 9/30/2022)
      AVERAGE ANNUAL TOTAL RETURNS %
      (as of 9/30/2022)
      YTD 1YR 3YR 5YR 10YR SI1
      Hartford Municipal Opportunities ETF(HMOP, NAV) -11.47 -10.91 -1.46 --- --- 0.93
      Hartford Municipal Opportunities ETF(HMOP, Market Price) -11.63 -11.12 -1.51 --- --- 0.90
      Benchmark -9.21 -8.87 -1.12 0.76 1.64 ---
      Morningstar Muni National Intermediate Category -11.24 -10.72 -1.77 0.38 1.31 ---

      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.

      Characteristics

      Fund Essentials (as of 11/30/2022)
      Ticker HMOP
      Inception Date 12/13/2017
      Net Assets $304,389,351
      Total Operating Expenses 0.29%
      Shares Outstanding 8,100,000
      Distributor ALPS Distributors, Inc.
      Morningstar Category Muni National Interm
      Lipper Classification Intermediate Municipal Debt Funds
      FUND STATS
      Dividend Frequency
      Monthly
      Yields (%) (as of 10/31/22)
      Distribution Yield at NAV
      2.44
      30-Day SEC Yield
      3.58
      Unsubsidized 30-Day SEC Yield
      3.58
      Credit Exposure (%)
      Aaa/AAA 14
      Aa/AA 34
      A 30
      Baa/BBB 12
      Ba/BB 2
      B 0
      Caa/CCC or lower 0
      Not Rated 6
      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 11/30/2022)
      Ticker HMOP
      CUSIP 41653L503
      IOPV TICKER HMOP.IV
      Stock Exchange NYSE Arca
      Close ---
      Change ---
      Change % ---
      Net Asset Value(NAV) $37.58
      NAV Change $0.06
      NAV Change % 0.17%
      Premium/Discount ---
      30 Day Median Bid/Ask Spread
      ---
      Top Ten Holdings (%) (as of 11/30/2022)
      W PALM BEACH FL UTILITY SYS RE WPBUTL 10/38 ADJUSTABLE VAR 1.83
      CONNECTICUT ST HSG FIN AUTH HS CTSHSG 11/50 ADJUSTABLE VAR 1.78
      SAN DIEGO CNTY CA REGL TRANSPR SDGTRN 04/38 ADJUSTABLE VAR 1.65
      OHIO ST OHS 03/32 FIXED 5 1.35
      MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/36 FIXED 4 1.17
      MAIN STREET NATURAL GAS INC GA MAIUTL 07/52 ADJUSTABLE VAR 0.99
      PUERTO RICO CMWLTH PRC 07/27 FIXED 5.625 0.99
      CLARK CNTY NV ARPT REVENUE CLAAPT 07/26 FIXED 5 0.99
      N TX TOLLWAY AUTH REVENUE NRTTRN 01/40 FIXED OID 4.125 0.97
      MAIN STREET NATURAL GAS INC GA MAIUTL 05/52 ADJUSTABLE VAR 0.95
      Total of Top Ten Holdings % 12.67
      distributions and capital gains
      Ex-dividend date record date payable date ordinary income short term capital gains long term capital gains total distribution
      11/29/2022 11/30/2022 12/2/2022 $0.0870 $0.0000 $0.0000 $0.0870
      10/27/2022 10/28/2022 11/1/2022 $0.0734 $0.0000 $0.0000 $0.0734
      9/29/2022 9/30/2022 10/4/2022 $0.0695 $0.0000 $0.0000 $0.0695
      8/30/2022 8/31/2022 9/2/2022 $0.0770 $0.0000 $0.0000 $0.0770
      7/28/2022 7/29/2022 8/2/2022 $0.0681 $0.0000 $0.0000 $0.0681
      6/29/2022 6/30/2022 7/5/2022 $0.0743 $0.0000 $0.0000 $0.0743
      5/27/2022 5/31/2022 6/2/2022 $0.0545 $0.0000 $0.0000 $0.0545
      4/28/2022 4/29/2022 5/3/2022 $0.0523 $0.0000 $0.0000 $0.0523
      3/30/2022 3/31/2022 4/4/2022 $0.0538 $0.0000 $0.0000 $0.0538
      2/25/2022 2/28/2022 3/2/2022 $0.0511 $0.0000 $0.0000 $0.0511
      1/28/2022 1/31/2022 2/2/2022 $0.0446 $0.0000 $0.0000 $0.0446
      12/30/2021 12/31/2021 1/4/2022 $0.0562 $0.0000 $0.0000 $0.0562
      12/17/2021 12/20/2021 12/22/2021 $0.0000 $0.0000 $0.0000 $0.0000
      Past distributions are not indicative of future distributions.

      Fund Literature


      09/30/2022 - PDF (134 KB)
      This Fact Sheet summarizes the ETF's investment approach, portfolio statistics, top holdings, and current performance.
      09/30/2022 - PDF (610 KB)
      Hartford Municipal Opportunities Bond Fund Flyer
      09/30/2022 - PDF (527 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.
      Current quarterly commentary from our sub-adviser, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
      09/30/2022 - PDF (352 KB)
      Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
      A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
      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.
      PDF (13 KB)
      A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.
      For bond investors, the ground is shifting. More than ever, it's time to think defensively.
      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. • Integration of environmental, social, and/or governance (ESG) characteristics into the investment process may not work as intended.

      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.
      2597448 HFA001754

      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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