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.
Average Annual Total Returns % (as of 12/31/2020)
|
|||||
1YR | 5YR | 10YR | SI | ||
---|---|---|---|---|---|
Hartford Municipal Income I | 5.15 | 4.29 | --- | 4.40 | |
Benchmark | 5.21 | 3.91 | --- | --- | |
Morningstar Muni National Intermediate Category | 4.51 | 3.23 | --- | --- |
Average Annual Total Returns % (as of 12/31/2020)
|
|||||
1YR | 5YR | 10YR | SI | ||
---|---|---|---|---|---|
Hartford Municipal Income I | 5.15 | 4.29 | --- | 4.40 | |
Benchmark | 5.21 | 3.91 | --- | --- | |
Morningstar Muni National Intermediate Category | 4.51 | 3.23 | --- | --- |
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.
CharacteristicsAllocations, exposures and holdings are subject to change. Percentages may be rounded.
As of Date | 12/31/2020 |
Net Assets | $93 million |
Dividend Frequency | Monthly |
Fund | Bloomberg Barclays Municipal Bond Index | |
---|---|---|
Effective Duration | 5.66 yrs | 5.58 yrs |
Municipal Sector Exposure (%)
label | currentpercentage |
---|---|
Revenue Bonds | 72 |
General Obligation Bonds | 20 |
Cash, Cash Offsets & Cash Equivalents | 7 |
Pre-Refunded Debt | 1 |
Other Non-Municipal Bonds | 0 |
label | currentpercentage |
---|---|
Revenue Bonds | 73 |
General Obligation Bonds | 21 |
Cash, Cash Offsets & Cash Equivalents | 5 |
Pre-Refunded Debt | 1 |
Other Non-Municipal Bonds | 0 |
Revenue Sector Exposure (%)
label | currentpercentage |
---|---|
Port, Airport and Marina | 12 |
Special Tax | 11 |
Health Care | 11 |
Education | 6 |
Housing | 6 |
Transportation | 6 |
Lease | 5 |
Sales Tax | 4 |
Multiple Utilities | 4 |
Industrial Development | 4 |
Tobacco | 2 |
Student Loans | 1 |
Sewer and Water | 1 |
Port Authority | 0 |
Sports/Convention | 0 |
Other Tax Exempt Revenue Bonds | 0 |
Resource Recovery | 0 |
label | currentpercentage |
---|---|
Port, Airport and Marina | 13 |
Special Tax | 10 |
Health Care | 11 |
Education | 6 |
Housing | 6 |
Transportation | 5 |
Lease | 6 |
Sales Tax | 5 |
Multiple Utilities | 4 |
Industrial Development | 4 |
Tobacco | 2 |
Student Loans | 0 |
Sewer and Water | 1 |
Port Authority | 0 |
Sports/Convention | 0 |
Other Tax Exempt Revenue Bonds | 0 |
Resource Recovery | 0 |
As of Date | 12/31/2020 |
Distribution Yield at NAV | 1.70% |
30 Day SEC Yield | 1.01% |
Unsubsidized 30-Day SEC Yield | 0.87% |
Top Ten Issuers (%)
label | percentageholding |
---|---|
City of New York, NY, GO | 3.93 |
New York State Dormitory Auth Rev | 2.82 |
Metropolitan Transportation Auth, NY, Rev | 2.28 |
Metropolitan Transportation Auth. | 2.06 |
State of New York Mortgage Agency | 1.83 |
State of California, GO | 1.51 |
State of Colorado | 1.48 |
City of Los Angeles, CA, Department of Airports Rev | 1.44 |
Sales Tax Securitization Corp., IL Rev | 1.35 |
Connecticut State Health & Educational Facs Auth | 1.33 |
Total Portfolio % | 20.03 |
label | percentageholding |
---|---|
City of New York, NY, GO | 3.24 |
New York State Dormitory Auth Rev | 3.23 |
State of Colorado | 1.66 |
Sales Tax Securitization Corp., IL Rev | 1.50 |
State of California, GO | 1.49 |
Metropolitan Transportation Auth, NY, Rev | 1.47 |
City of Los Angeles Department of Airports | 1.44 |
Rhode Island Housing & Mortgage Finance Corp. | 1.44 |
State of Illinois, GO | 1.42 |
Maryland Stadium Auth | 1.38 |
Total Portfolio % | 18.27 |
Credit Exposure (%)
label | value |
---|---|
Aaa/AAA | 7 |
Aa/AA | 30 |
A | 36 |
Baa/BBB | 10 |
Ba/BB | 3 |
B | 0 |
Caa/CCC or lower | 0 |
Not Rated | 6 |
Cash & Cash Offsets | 7 |
Inception Date | 05/29/2015 |
Symbol | HMKIX |
CUSIP | 41664T305 |
Fund Number | 1710 |
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2021 Outlooks (Wellington)
12/14/2020
Fundamentals, Elections, and Other Top-of-Mind Issues for Muni Bond Investors
09/28/2020Financial Professionals:
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Fund LiteratureSelect All
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Fact Sheet12/31/2020 | pdfThis Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance. |
Commentary09/30/2020 | 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 ProspectuspdfA concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.
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Wellington Fixed Income Overview09/30/2020 | pdfThis module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
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Hartford Municipal Suite09/30/2020 | pdfThis Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.
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Semi Annual ReportpdfA semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
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Statutory ProspectuspdfAn annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.
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Annual ReportpdfAn annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
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SAIpdfA supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.
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Additional Information Regarding Bloomberg Barclays Indices Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, "Barclays"), used under license. Bloomberg or Bloomberg's licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.
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