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Taxable Bond etf

Hartford AAA CLO ETF   

TICKER
HSRT

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Taxable Bond etf

Hartford AAA CLO ETF   
Ticker - HSRT

Effective 2/12/24, the Fund (formerly known as the Hartford Short Duration ETF) changed its name, objective, principal investment strategy, portfolio managers and benchmark as well as reduced the Fund’s management fee rate.

Objective

Seeks to provide capital preservation and current income.

Overview

A fund that typically invests in high quality collateralized loan obligations (CLOs) to seek to limit interest rate risk, while pursuing current income.

Portfolio Management
Senior Managing Director
Fixed-Income Portfolio Manager
0
YRS
MANAGING THIS FUND
18
YRS
AT WELLINGTON MANAGEMENT
28
YRS
EXPERIENCE IN THIS INDUSTRY
Managing Director
Fixed-Income Portfolio Manager
0
YRS
MANAGING THIS FUND
17
YRS
AT WELLINGTON MANAGEMENT
25
YRS
EXPERIENCE IN THIS INDUSTRY

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

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 5/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 5/31/2024)
YTD 1YR 3YR 5YR 10YR SI 1
Hartford AAA CLO ETF (HSRT, NAV) 2.53 7.55 1.72 2.51 --- 2.83
Hartford AAA CLO ETF (HSRT, Market Price) 2.34 7.52 1.69 2.50 --- 2.81
Benchmark 3.21 8.91 4.51 3.76 3.09 ---
Morningstar Ultrashort Bond Category 2.37 6.26 2.65 2.24 1.75 ---
 
CUMULATIVE %
(as of 3/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 3/31/2024)
YTD 1YR 3YR 5YR 10YR SI1
Hartford AAA CLO ETF (HSRT, NAV) 1.26 6.67 1.49 2.46 --- 2.69
Hartford AAA CLO ETF (HSRT, Market Price) 1.13 6.47 1.48 2.44 --- 2.68
Benchmark 1.84 8.77 4.11 3.66 2.99 ---
Morningstar Ultrashort Bond Category 1.43 6.11 2.39 2.16 1.66 ---

SI = Since Inception. Fund Inception: 05/30/2018

Returns prior to 2/12/24 reflect the performance of the Fund under its prior objective and principal investment strategy.

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.

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 6/21/2024)
Ticker HSRT
Inception Date 05/30/2018
Net Assets $93,930,475
Total Operating Expenses 0.24%
Shares Outstanding 2,400,000
Distributor ALPS Distributors, Inc.
CUSIP 41653L602
Morningstar Category Ultrashort Bond
Lipper Classification Loan Participation Funds
FUND STATS
Yield to Worst (%)
6.16%
Dividend Frequency
Monthly
Effective Duration
0.13 yrs
Top Ten Holdings (%) (as of 6/24/2024)
ARES CLO LTD ARES 2013 2A A2R2 144A 3.42
ELMWOOD CLO 23 LTD ELM23 2023 2A A 144A 3.22
US DOLLAR 2.95
OCTAGON 67 LTD 04/36 1 2.22
BAIN CAPITAL CREDIT CLO, LIMIT BCC 2023 1A AN 144A 2.15
INVESCO CLO 2022 2, LTD. INVCO 2022 2A A1 144A 2.14
KINGS PARK CLO LTD KINGP 2021 1A A 144A 2.13
GOLDENTREE LOAN MANAGEMENT US GLM 2017 1A A1R2 144A 2.13
KKR FINANCIAL CLO LTD KKR 2023 52A A1 144A 2.13
DRYDEN SENIOR LOAN FUND DRSLF 2016 43A AR2 144A 2.13
Total of Top Ten Holdings % 24.62
TRADING DETAILS (as of 6/21/2024)
Ticker HSRT
CUSIP 41653L602
IOPV TICKER HSRT.IV
Stock Exchange Cboe BZX Exchange, Inc.
Close $39.12
Change $0.03
Change % 0.07%
Net Asset Value(NAV)
NAV Change
NAV Change %
Premium/Discount -0.05%
30 Day Median Bid/Ask Spread
0.15%
Yields (%) (as of 5/31/24)
Distribution Yield at NAV
7.61
Trailing 12 Month Yield
4.85
30-Day SEC Yield
6.50
Unsubsidized 30-Day SEC Yield
6.50
distributions and capital gains
Ex-dividend date record date payable date ordinary income short term capital gains long term capital gains total distribution
5/30/2024 5/30/2024 6/3/2024 $0.2473 $0.0000 $0.0000 $0.2473
4/26/2024 4/29/2024 5/1/2024 $0.1882 $0.0000 $0.0000 $0.1882
3/27/2024 3/28/2024 4/2/2024 $0.1987 $0.0000 $0.0000 $0.1987
2/27/2024 2/28/2024 3/1/2024 $0.1578 $0.0000 $0.0000 $0.1578
1/29/2024 1/30/2024 2/1/2024 $0.1320 $0.0000 $0.0000 $0.1320
12/28/2023 12/29/2023 1/3/2024 $0.1996 $0.0000 $0.0000 $0.1996
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 $0.1515 $0.0000 $0.0000 $0.1515
10/27/2023 10/30/2023 11/1/2023 $0.1155 $0.0000 $0.0000 $0.1155
9/28/2023 9/29/2023 10/3/2023 $0.1263 $0.0000 $0.0000 $0.1263
8/30/2023 8/31/2023 9/5/2023 $0.1276 $0.0000 $0.0000 $0.1276
7/28/2023 7/31/2023 8/2/2023 $0.1049 $0.0000 $0.0000 $0.1049
6/29/2023 6/30/2023 7/5/2023 $0.1411 $0.0000 $0.0000 $0.1411
Past distributions are not indicative of future distributions.

Fund Literature


03/31/2024 - PDF (166 KB)
This Fact Sheet summarizes the ETF's investment approach, portfolio statistics, top holdings, and current performance.
05/17/2024 - PDF (404 KB)
Overview of Hartford AAA CLO ETF, which can help limit interest-rate risk and generate income.
03/31/2024 - PDF (187 KB)
Current quarterly commentary from our sub-adviser, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund
PDF (169 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
03/31/2024 - PDF (412 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.
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.
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 specific index. • The Fund invests significantly in collateralized loan obligations (CLOs) which are associated with a number of risks including liquidity, interest-rate, credit, and call risk as well as the risk of default of the underlying assets. CLOs are managed by investment advisers who may have conflicts of interest or limited operating histories. Newly issued CLOS purchased in the primary market typically experience delayed or extended settlement periods. • To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur. • Loans can be difficult to value and less liquid than other types of debt instrument; they are also subject to nonpayment, collateral, bankruptcy, default, extension, prepayment and insolvency risks. • The risks associated with mortgage-related and asset-backed securities include credit, interest-rate, prepayment, liquidity, default and extension risk. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political, economic and regulatory developments. • Restricted securities may be more difficult to sell and price than other securities. • Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. • 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.

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.
3576505 HFA002331

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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