Objective
Seeks to provide a high level of current income that is generally exempt from federal income taxes and long-term total return.
Overview
A municipal bond fund that seeks to provide income that is typically exempt from federal income taxes.
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Average Annual Total Returns % (as of 12/31/2018)
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| 1YR | 5YR | 10YR | SI | ||
|---|---|---|---|---|---|
| Hartford Municipal Income I | 1.40 | --- | --- | 3.05 | |
| Benchmark | 1.28 | --- | --- | --- | |
| Morningstar Muni National Intermediate Category | 0.75 | --- | --- | --- | |
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Average Annual Total Returns % (as of 12/31/2018)
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|||||
| 1YR | 5YR | 10YR | SI | ||
|---|---|---|---|---|---|
| Hartford Municipal Income I | 1.40 | --- | --- | 3.05 | |
| Benchmark | 1.28 | --- | --- | --- | |
| Morningstar Muni National Intermediate Category | 0.75 | --- | --- | --- | |
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.
(as of 12/31/2018)
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Overall
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| As of Date | 12/31/2018 |
| Net Assets | $32 million |
| Dividend Frequency | Monthly |
| Fund | Bloomberg Barclays Municipal Bond Index | |
|---|---|---|
| Effective Duration | 6.07 yrs | 5.92 yrs |
Municipal Sector Exposure (%)
| label | currentpercentage |
|---|---|
| Revenue Bonds | 70 |
| General Obligation Bonds | 24 |
| Cash, Cash Offsets & Cash Equivalents | 4 |
| Pre-Refunded Debt | 1 |
| US TIPS | 0 |
| label | currentpercentage |
|---|---|
| Revenue Bonds | 70 |
| General Obligation Bonds | 25 |
| Cash, Cash Offsets & Cash Equivalents | 3 |
| Pre-Refunded Debt | 2 |
| US TIPS | 0 |
Revenue Sector Exposure (%)
| label | currentpercentage |
|---|---|
| Health Care | 14 |
| Port, Airport and Marina | 9 |
| Sales Tax | 8 |
| Special Tax | 7 |
| Multiple Utilities | 6 |
| Transportation | 6 |
| Tobacco | 4 |
| Industrial Development | 4 |
| Lease | 3 |
| Education | 3 |
| Housing | 3 |
| Sewer and Water | 2 |
| Port Authority | 1 |
| Sports/Convention | 0 |
| Other Tax Exempt Revenue Bonds | 0 |
| Resource Recovery | 0 |
| Student Loans | 0 |
| label | currentpercentage |
|---|---|
| Health Care | 15 |
| Port, Airport and Marina | 10 |
| Sales Tax | 4 |
| Special Tax | 7 |
| Multiple Utilities | 6 |
| Transportation | 7 |
| Tobacco | 5 |
| Industrial Development | 4 |
| Lease | 3 |
| Education | 4 |
| Housing | 3 |
| Sewer and Water | 2 |
| Port Authority | 1 |
| Sports/Convention | 0 |
| Other Tax Exempt Revenue Bonds | 0 |
| Resource Recovery | 0 |
| Student Loans | 0 |
| As of Date | 12/31/2018 |
| Distribution Yield at NAV | 2.74% |
| Trailing 12 Month Yield | 2.68% |
| 30 Day SEC Yield | 2.75% |
| Unsubsidized 30-Day SEC Yield | 2.45% |
Top Ten Issuers (%)
| label | percentageholding |
|---|---|
| New York State Dormitory Auth Rev | 2.52 |
| Illinois State Finance Auth Rev | 2.39 |
| Pennsylvania Turnpike Commission Rev | 2.12 |
| Commonwealth of Massachusetts | 1.88 |
| Dist of Columbia, GO | 1.53 |
| New York State Dormitory Auth. | 1.45 |
| Arlington, TX, Higher Education Finance Corp. Rev | 1.41 |
| Tennessee Housing Development Agency | 1.26 |
| Buckeye, OH, Tobacco Settlement Finance Auth | 1.22 |
| Chicago, IL, Midway International Airport Rev | 1.17 |
| Total Portfolio % | 16.95 |
| label | percentageholding |
|---|---|
| Illinois State Finance Auth Rev | 2.89 |
| Pennsylvania Turnpike Commission Rev | 1.99 |
| Dist of Columbia, GO | 1.88 |
| Arlington, TX, Higher Education Finance Corp. Rev | 1.69 |
| Illinois State, GO | 1.59 |
| Tennessee Housing Development Agency Rev | 1.56 |
| Buckeye, OH, Tobacco Settlement Finance Auth | 1.53 |
| Chicago, IL, Midway International Airport Rev | 1.42 |
| Michigan Finance Auth | 1.39 |
| Chicago, IL, Transit Auth Rev | 1.36 |
| Total Portfolio % | 17.30 |
Credit Exposure (%)
| label | value |
|---|---|
| Aaa/AAA | 5 |
| Aa/AA | 28 |
| A | 39 |
| Baa/BBB | 14 |
| Ba/BB | 3 |
| B | 2 |
| Caa/CCC or lower | 0 |
| Not Rated | 5 |
| Cash & Cash Offsets | 4 |
| Inception Date | 05/29/2015 |
| Symbol | HMKIX |
| CUSIP | 41664T305 |
| Fund Number | 1710 |
2019 Outlooks (Wellington)
Fri Dec 21 14:06:00 EST 2018
2019 Outlooks (Schroders)
Fri Dec 21 14:06:00 EST 2018
Shelter From the Storm
Mon Oct 22 12:42:00 EDT 2018Financial Professionals:
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Fund LiteratureSelect All
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Fact Sheet09/30/2018 | pdfThis Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance. |
Commentary09/30/2018 | pdfCurrent quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
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Summary Prospectus03/01/2018 | pdfA concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.
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Pitchbook12/31/2018 | pdfThis Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.
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Semi Annual Report04/30/2018 | pdfA semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
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Statutory Prospectus03/01/2018 | pdfAn annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.
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Annual Report10/31/2018 | pdfAn annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
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SAI03/01/2018 | pdfA supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.
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