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
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
US Municipals -0.97% |
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 -1.65% |
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 Treasuries -3.45% |
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% |
Source: Bloomberg and Schroders, through 2022.
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, the Bloomberg US Treasury 4-7 Year Index from 2012-2017 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, the Bloomberg Municipal Index 7-year Index for 2017-2018, 2012-2014, 2022 and the Bloomberg Municipal Index for 2015-2016. All indices have a duration of +/- 0.70 years of one another. Tax rate used: 35% for 2012, 43.4% for 2013 – 2017 and 40.4% for 2018-2022. 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 is within 0.5 years of one another.
The portfolio managers are supported by the full resources of Schroders.
Performance
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.
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
Yield to Worst (%) | 4.56% |
---|---|
Dividend Frequency | Monthly |
# of Holdings | 183 |
TREASURY BILL 02/24 0.00000 | 6.28 |
US TREASURY N/B 08/43 3.625 | 6.01 |
WI TREASURY SEC. 03/24 0 | 4.37 |
MS LIQ TREAS SEC PORT INST C S MS LIQ TREAS SEC PORT INST | 3.61 |
US TREASURY N/B 08/43 4.375 | 3.44 |
MINNESOTA ST HSG FIN AGY MNSHSG 01/51 FIXED 3 | 2.39 |
PATRIOTS ENERGY GROUP FING AGY PEGUTL 10/54 ADJUSTABLE VAR | 2.12 |
DICKINSON TX INDEP SCH DIST DICSCD 02/53 FIXED OID 4.25 | 1.91 |
PROSPER TX INDEP SCH DIST PSPSCD 02/53 FIXED OID 4 | 1.91 |
BROWARD CNTY FL CONVENTION CTR BROGEN 01/51 FIXED 4 | 1.62 |
Total of Top Ten Holdings % | 33.66 |
Ticker | HTAB |
CUSIP | 41653L404 |
IOPV TICKER | HTAB.IV |
Stock Exchange | NYSE Arca |
Close | $18.66 |
Change | $0.05 |
Change % | 0.27% |
Net Asset Value(NAV) | $18.62 |
NAV Change | $0.00 |
NAV Change % | -0.02% |
Premium/Discount | 0.21% |
30 Day Median Bid/Ask Spread |
0.05% |
Distribution Yield at NAV | 3.68 |
Trailing 12 Month Yield | 3.04 |
30-Day SEC Yield | 4.01 |
Unsubsidized 30-Day SEC Yield
|
4.01 |
Tax Exempt Municipal | 75 |
US Treasuries | 10 |
Cash & Cash Equivalents | 6 |
Corporate | 5 |
Cash | 3 |
Taxable Municipal | 1 |
Government Related Agencies | 0 |
Agency Mortgage Backed Securities | 0 |
Other | 0 |
Asset Backed Securities | 0 |
Mortgage Backed Securities | 0 |
Ex-dividend date | record date | payable date | ordinary income | short term capital gains | long term capital gains | total distribution |
---|---|---|---|---|---|---|
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 |
5/26/2023 | 5/30/2023 | 6/1/2023 | $0.0449 | $0.0000 | $0.0000 | $0.0449 |
4/27/2023 | 4/28/2023 | 5/2/2023 | $0.0447 | $0.0000 | $0.0000 | $0.0447 |
3/30/2023 | 3/31/2023 | 4/4/2023 | $0.0508 | $0.0000 | $0.0000 | $0.0508 |
2/27/2023 | 2/28/2023 | 3/2/2023 | $0.0551 | $0.0000 | $0.0000 | $0.0551 |
1/27/2023 | 1/30/2023 | 2/1/2023 | $0.0375 | $0.0000 | $0.0000 | $0.0375 |
12/29/2022 | 12/30/2022 | 1/4/2023 | $0.0453 | $0.0000 | $0.0000 | $0.0453 |
12/16/2022 | 12/19/2022 | 12/21/2022 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
11/29/2022 | 11/30/2022 | 12/2/2022 | $0.0483 | $0.0000 | $0.0000 | $0.0483 |
10/27/2022 | 10/28/2022 | 11/1/2022 | $0.0376 | $0.0000 | $0.0000 | $0.0376 |
9/29/2022 | 9/30/2022 | 10/4/2022 | $0.0389 | $0.0000 | $0.0000 | $0.0389 |
Insights
Fund Literature
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.