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Tax-Advantaged Bond etf

Hartford Schroders Tax-Aware Bond ETF   

TICKER
HTAB
MORNINGSTAR RATING:
Overall, 5 stars, 3-Year, 5 stars, and 5-Year, 5 stars, rated against 426, 426 and 382 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.
overall (as of 5/31/2024)
426 PRODUCTS
Intermediate Core Bond Category
Based on Risk-Adjusted Returns
MORNINGSTAR RATING:
Overall, 5 stars, 3-Year, 5 stars, and 5-Year, 5 stars, rated against 426, 426 and 382 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.
overall (as of 5/31/2024)
426 PRODUCTS
Intermediate Core Bond Category
Based on Risk-Adjusted Returns

Actions

Tax-Advantaged Bond etf

Hartford Schroders Tax-Aware Bond ETF   
Ticker - HTAB

A Different Approach to Core Bond Investing

Combining investment grade tax-exempt bonds with taxable fixed income may help investors seeking total returns on an after-tax basis.


After-Tax Returns of Fixed Income Indices

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
US
Municipals
6.05%
US
Municipals
3.31%
US
Corporates
3.85%
US
Municipals
4.48%
US
Municipals
1.66%
US
Corporates
11.07%
US
Corporates
8.03%
US
Municipals
1.91%
US
Municipals
-5.97%
US
Corporates
6.59%
US
Corporates
3.39%
US
Treasuries
0.93%
US
Treasuries
0.42%
US
Corporates
3.36%
US
Treasuries
0.49%
US
Municipals
7.70%
US
Treasuries
7.76%
US
Corporates
-2.46%
US
Treasuries
-9.95%
US
Municipals
5.78%
US
Treasuries
2.96%
US
Corporates
-0.50%
US
Municipals
0.26%
US
Treasuries
0.66%
US
Corporates
-2.22%
US
Treasuries
5.89%
US
Municipals
5.63%
US
Treasuries
-3.38%
US
Corporates
-12.50%
US
Treasuries
3.53%

Source: Bloomberg and Schroders, through 2023.
Past performance does not guarantee future results.Indices are unmanaged and not available for direct investment.
US Corporates are represented by the Bloomberg US Credit Corporate 5-7 Year Index; US Treasuries are represented by the Bloomberg US Treasury 5-7 Index for 2018-2021 and 2023, the Bloomberg US Treasury 4-7 Year Index from 2014-2017 and the Bloomberg US Treasury 3-7 Year Index for 2022. US Municipals are represented by the Bloomberg Municipal Index 15-year Index for 2021, the Bloomberg Municipal Index 10-year Index for 2019-2020 and 2023, the Bloomberg Municipal Index 7-year Index for 2017-2018, 2014, 2022 and the Bloomberg Municipal Index for 2015-2016. This analysis highlights comparable duration sectors over each period. As the durations of those sectors change, so do the indices used for the analysis. Tax rate used: 43.4% for 2014-2017 and 40.8% for 2018-2023. The tax rates include the net investment income tax. Returns do not reflect state and/or local taxes, nor do they reflect the AMT. Other effective tax rates would have achieved different results. Actual results will vary. Duration between indices within each period is within 0.5 years of one another. Duration is a measure of the sensitivity of an investment’s price to nominal interest-rate movement.

Hartford Schroders Tax-Aware Bond ETF Morningstar Ratings
overall
(as of 5/31/2024)
Overall, 5 stars, 3-Year, 5 stars, and 5-Year, 5 stars, rated against 426, 426 and 382 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.

426 PRODUCTS
|
Intermediate Core Bond Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 5/31/2024)
Overall, 5 stars, 3-Year, 5 stars, and 5-Year, 5 stars, rated against 426, 426 and 382 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.

426 PRODUCTS
|
Intermediate Core Bond Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 5/31/2024)
Overall, 5 stars, 3-Year, 5 stars, and 5-Year, 5 stars, rated against 426, 426 and 382 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.

382 PRODUCTS
|
Intermediate Core Bond Category
Based on Risk-Adjusted Returns
Portfolio Management
Portfolio Manager
5
YRS
MANAGING THIS FUND
14
YRS
AT SCHRODERS
17
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
6
YRS
MANAGING THIS FUND
11
YRS
AT SCHRODERS
27
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
6
YRS
MANAGING THIS FUND
11
YRS
AT SCHRODERS
26
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
3
YRS
MANAGING THIS FUND
5
YRS
AT SCHRODERS
14
YRS
EXPERIENCE IN THIS INDUSTRY

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

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 Schroders Tax-Aware Bond ETF (HTAB, NAV) -1.65 2.32 -1.40 0.80 --- 1.73
Hartford Schroders Tax-Aware Bond ETF (HTAB, Market Price) -1.55 2.22 -1.29 0.85 --- 1.78
Benchmark -1.91 2.67 -1.29 0.93 2.25 ---
Morningstar Intermediate Core Bond Category -1.25 1.72 -3.10 -0.13 1.16 ---
 
CUMULATIVE %
(as of 3/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 3/31/2024)
YTD 1YR 3YR 5YR 10YR SI1
Hartford Schroders Tax-Aware Bond ETF (HTAB, NAV) -0.54 2.74 -0.79 1.32 --- 1.97
Hartford Schroders Tax-Aware Bond ETF (HTAB, Market Price) -0.59 2.58 -0.71 1.30 --- 2.00
Benchmark -0.39 3.13 -0.41 1.59 2.66 ---
Morningstar Intermediate Core Bond Category -0.51 2.01 -2.45 0.36 1.43 ---

SI = Since Inception. Fund Inception: 04/18/2018

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 HTAB
Inception Date 04/18/2018
Net Assets $334,054,491
Total Operating Expenses 0.40%
Shares Outstanding 17,150,000
Distributor ALPS Distributors, Inc.
CUSIP 41653L404
Morningstar Category Intermediate Core Bond
Lipper Classification General & Insured Municipal Debt Funds
FUND STATS
Yield to Worst (%)
4.51%
Dividend Frequency
Monthly
# of Holdings
254
Effective Duration
8.58 yrs
Top Ten Holdings (%) (as of 6/24/2024)
TREASURY BILL 03/25 0.00000 7.17
US TREASURY N/B 02/44 4.5 6.29
MASSACHUSETTS ST MAS 05/53 FIXED 5 2.50
JUDSON TX INDEP SCH DIST JUDSCD 02/53 FIXED 5 2.14
TEXAS ST MUNI GAS ACQUISITION TMGUTL 01/54 ADJUSTABLE VAR 1.89
LAMAR TX CONSOL INDEP SCH DIST LAMSCD 02/53 FIXED 5 1.80
WAXAHACHIE TX INDEP SCH DIST WAXSCD 02/53 FIXED OID 4 1.73
HARRIS CNTY TX TOLL ROAD REVEN HARTRN 08/54 FIXED 5.25 1.66
TEXAS ST UNIV SYS FING REVENUE TXSHGR 03/54 FIXED 5.25 1.66
NEW YORK ST PWR AUTH GREEN TRA NYSPWR 11/53 FIXED OID 5 1.63
Total of Top Ten Holdings % 28.47
TRADING DETAILS (as of 6/21/2024)
Ticker HTAB
CUSIP 41653L404
IOPV TICKER HTAB.IV
Stock Exchange NYSE Arca
Close $19.50
Change $-0.01
Change % -0.05%
Net Asset Value(NAV)
NAV Change
NAV Change %
Premium/Discount 0.11%
30 Day Median Bid/Ask Spread
0.05%
YIELDS (as of 5/31/24)
Distribution Yield at NAV
3.77
Trailing 12 Month Yield
3.55
30-Day SEC Yield
3.71
Unsubsidized 30-Day SEC Yield
3.71
Portfolio Composition (%)
Tax Exempt Municipal 79
Cash and Cash Equivalents 9
US Treasuries 7
Corporate 5
Taxable Municipal 0
Agency Mortgage Backed Securities 0
Mortgage Backed Securities 0
Cash 0
Other 0
Asset Backed Securities 0
Government Related Agencies 0
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 $0.0600 $0.0000 $0.0000 $0.0600
4/26/2024 4/29/2024 5/1/2024 $0.0522 $0.0000 $0.0000 $0.0522
3/27/2024 3/28/2024 4/2/2024 $0.0529 $0.0000 $0.0000 $0.0529
2/27/2024 2/28/2024 3/1/2024 $0.0581 $0.0000 $0.0000 $0.0581
1/29/2024 1/30/2024 2/1/2024 $0.0527 $0.0000 $0.0000 $0.0527
12/28/2023 12/29/2023 1/3/2024 $0.0584 $0.0000 $0.0000 $0.0584
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 $0.0610 $0.0000 $0.0000 $0.0610
10/27/2023 10/30/2023 11/1/2023 $0.0511 $0.0000 $0.0000 $0.0511
9/28/2023 9/29/2023 10/3/2023 $0.0556 $0.0000 $0.0000 $0.0556
8/30/2023 8/31/2023 9/5/2023 $0.0583 $0.0000 $0.0000 $0.0583
7/28/2023 7/31/2023 8/2/2023 $0.0518 $0.0000 $0.0000 $0.0518
6/29/2023 6/30/2023 7/5/2023 $0.0649 $0.0000 $0.0000 $0.0649
Past distributions are not indicative of future distributions.

Fund Literature


03/31/2024 - PDF (202 KB)
This Fact Sheet summarizes the ETF's investment approach, portfolio statistics, top holdings, and current performance.
03/31/2024 - 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.
This flyer provides additional detail on the Hartford Schroders Tax-Aware Bond ETF.
03/31/2024 - PDF (260 KB)
Current quarterly commentary from sub-adviser, Schroders, 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.
03/31/2024 - PDF (877 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.
A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.
05/31/2024 - PDF (279 KB)
Current monthly commentary from our sub-adviser, Schroders, which includes a performance review, attribution, and positioning and outlook for the Fund.
03/31/2024 - PDF (297 KB)
Rising yields can set the stage for higher future total returns. This flyer highlights Hartford Funds array of actively managed core fixed-income ETFs.
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. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • The risks associated with mortgage-related and asset-backed securities include credit, interest-rate, prepayment, liquidity, default and extension risk. • The purchase of securities in the To-Be-Announced (TBA) market can result in higher portfolio turnover and related expenses as well as price and counterparty risk. • 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. • Municipal securities may be adversely impacted by state/local, political, economic, or market conditions; these risks may be magnified if the Fund focuses its assets in municipal securities of issuers in a few select states. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable. • Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, regulatory, and counterparty 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. • 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. • The Fund may have high portfolio turnover, which could increase its transaction costs and an investor's tax liability. • 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).
3487920 HFA002375

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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