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Tax-Advantaged Bond fund

Hartford Sustainable Municipal Bond Fund    Share Class - A (HMKAX)


MORNINGSTAR RATING:
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 263, 263 and 229 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.
©2021 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 9/30/2021)
263 PRODUCTS
Muni National Interm Category
Based on Risk-Adjusted Returns

Effective 4/30/21, the Hartford Sustainable Municipal Bond Fund (formerly known as the Hartford Municipal Income Fund) changed its name, objective and principal investment strategy. Returns prior to 4/30/21 reflect the Fund’s performance when it pursued a different objective and principal investment strategy. Please see the Fund’s prospectus for additional information.

Objective

Seeks to provide current income that is generally exempt from federal income taxes, and long-term total return, through investments within a sustainability framework.

Overview

A municipal bond fund with a sustainable investing framework that seeks to provide current income that is generally exempt from federal income taxes, and long-term total return.

Portfolio Management
Managing Director
Fixed-Income Portfolio Manager & Credit Analyst
6
YRS
MANAGING THIS FUND
11
YRS
AT WELLINGTON MANAGEMENT
25
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
6
YRS
MANAGING THIS FUND
16
YRS
AT WELLINGTON MANAGEMENT
33
YRS
EXPERIENCE IN THIS INDUSTRY

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

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 9/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 9/30/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Sustainable Municipal Bond A 0.92 3.27 5.20 3.33 --- 3.81
With 4.5% Max Sales Charge --- -1.37 3.60 2.38 --- 3.06
Benchmark 0.79 2.63 5.06 3.26 --- ---
Morningstar Muni National Intermediate Category 1.05 3.07 4.49 2.72 --- ---
 
CUMULATIVE %
(as of 9/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 9/30/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Sustainable Municipal Bond A 0.92 3.27 5.20 3.33 --- 3.81
With 4.5% Max Sales Charge --- -1.37 3.60 2.38 --- 3.06
Benchmark 0.79 2.63 5.06 3.26 --- ---
Morningstar Muni National Intermediate Category 1.05 3.07 4.49 2.72 --- ---

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.

SI = Since Inception. Fund Inception: 05/29/2015

Hartford Sustainable Municipal Bond Fund A Share Morningstar Ratings
overall
(as of 9/30/2021)
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 263, 263 and 229 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.
©2021 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.

263 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 9/30/2021)
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 263, 263 and 229 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.
©2021 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.

263 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 9/30/2021)
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 263, 263 and 229 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.
©2021 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.

229 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

Characteristics

FUND ESSENTIALS
Inception Date 05/29/2015
Net Assets $127 million
Gross Operating Expenses 0.89%
Net Operating Expenses 0.70%
Morningstar Category Muni National Interm
Lipper Classification General & Insured Municipal Debt Funds
CUSIP 41664T107
Fund Number 1708
FUND STATS
Dividend Frequency
Monthly
Holdings Characteristics
FUND Bloomberg Municipal Bond Index
Effective Duration
5.69 yrs 5.64 yrs
Yields (%) (as of 9/30/21)
Distribution Yield at NAV
1.25
30-Day SEC Yield
0.53
Unsubsidized 30-Day SEC Yield
0.48
Revenue Sector Exposure (%)
Health Care 16
Housing 10
Special Tax 8
Education 8
Transportation 6
Lease 5
Multiple Utilities 4
Industrial Development 4
Student Loans 4
Sales Tax 3
Sewer and Water 2
Port, Airport and Marina 2
Port Authority 0
Sports/Convention 0
Other Tax Exempt Revenue Bonds 0
Resource Recovery 0
Tobacco 0
Health Care 15
Housing 9
Education 9
Special Tax 9
Transportation 7
Lease 5
Multiple Utilities 4
Student Loans 4
Industrial Development 4
Sales Tax 4
Sewer and Water 3
Port, Airport and Marina 2
Port Authority 0
Sports/Convention 0
Other Tax Exempt Revenue Bonds 0
Resource Recovery 0
Tobacco 0
Top Ten Issuers (%)
Metropolitan Transportation Auth, NY, Rev 3.48
City of New York, NY, GO 3.04
State of Illinois, GO 2.13
New York State Dormitory Auth Rev 2.02
Minnesota Housing Finance Agency 1.74
Cook County School Dist. No 78 Rosemont, GO 1.66
Massachusetts Dev Finance Agency, Rev 1.61
Colorado Health Facs Auth Rev 1.57
University of North Carolina at Chapel Hill 1.57
Massachusetts Clean Water Trust 1.53
Total Portfolio % 20.35
Metropolitan Transportation Auth, NY, Rev 3.95
State of Illinois, GO 2.41
New York State Dormitory Auth Rev 2.26
Cook Cnty. School Dist. No 78 Rosemont 1.87
City of New York, NY, GO 1.85
University of North Carolina at Chapel Hill 1.75
Massachusetts Clean Water Trust 1.74
Colorado Health Facs. Auth. 1.58
Connecticut State Higher Education Supplement Loan Auth 1.48
State of New York Mortgage Agency 1.46
Total Portfolio % 20.35
Credit Exposure (%)
Aaa/AAA 14
Aa/AA 32
A 29
Baa/BBB 12
Ba/BB 3
B 0
Caa/CCC or lower 0
Not Rated 5
Cash & Cash Offsets 5
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.
Municipal Sector Exposure (%)
Revenue Bonds 72
General Obligation Bonds 22
Cash, Cash Offsets & Cash Equivalents 5
Pre-Refunded Debt 1
Other Non-Municipal Bonds 0
Revenue Bonds 75
General Obligation Bonds 20
Cash, Cash Offsets & Cash Equivalents 5
Pre-Refunded Debt 1
Other Non-Municipal Bonds 0
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
9/1/2021 11.17 $0.0109 $0.0000 $0.0000 $0.0109
8/2/2021 11.23 $0.0117 $0.0000 $0.0000 $0.0117
7/1/2021 11.16 $0.0121 $0.0000 $0.0000 $0.0121
6/1/2021 11.13 $0.0120 $0.0000 $0.0000 $0.0120
5/3/2021 11.08 $0.0131 $0.0000 $0.0000 $0.0131
4/1/2021 10.99 $0.0129 $0.0000 $0.0000 $0.0129
3/1/2021 10.94 $0.0146 $0.0000 $0.0000 $0.0146
2/1/2021 11.14 $0.0132 $0.0000 $0.0000 $0.0132
1/4/2021 11.07 $0.0136 $0.0000 $0.0000 $0.0136
12/18/2020 11.06 $0.0000 $0.0000 $0.0000 $0.0000
12/1/2020 10.99 $0.0147 $0.0000 $0.0000 $0.0147
11/2/2020 10.83 $0.0141 $0.0000 $0.0000 $0.0141
10/1/2020 10.86 $0.0146 $0.0000 $0.0000 $0.0146
Past distributions are not indicative of future distributions.

Fund Literature


09/30/2021 - PDF (291 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2021 - PDF (233 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 (145 KB)
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 Funds' investment approach, investment team, investment process, and general portfolio parameters.
09/30/2021 - PDF (391 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
PDF (2 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 (2 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 combination of infrastructure spending, government stimulus, and the prospect of higher taxes makes a compelling case for municipal bonds.
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. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • Focusing on investments that involve sustainable initiatives may result in foregoing certain investments and underperformance comparative to funds that do not have a similar focus. There is a risk that the municipal bonds identified by the sub-adviser as promoting sustainable initiatives do not operate as anticipated. • Municipal securities may be adversely impacted by state/local, political, economic, or market conditions. Although the Fund primarily seeks income that is exempt from federal income taxes, investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

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.

 

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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. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain funds. Hartford Funds refers to Hartford Funds Management Group, Inc. and its subsidiaries, including HFD, HFMC, and Lattice, 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.

© Copyright 2021 Hartford Funds Management Group, Inc. All Rights Reserved. Not FDIC Insured | No Bank Guarantee | May Lose Value