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Hartford Municipal Income Fund

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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.

More About Municipal Income Fund 

Performance

Performance (%)
% (as of 9/30/2018)
Average Annual Total Returns % (as of 9/30/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Income  I -0.07 0.65 2.83 --- --- 2.83
Benchmark -0.40 0.35 2.24 --- --- ---
Morningstar Muni National Intermediate Category -0.46 -0.06 1.69 --- --- ---
Performance (%)
% (as of 9/30/2018)
Average Annual Total Returns % (as of 9/30/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Income  I -0.07 0.65 2.83 --- --- 2.83
Benchmark -0.40 0.35 2.24 --- --- ---
Morningstar Muni National Intermediate Category -0.46 -0.06 1.69 --- --- ---
SI = Since Inception. Fund Inception: 05/29/2015
Operating Expenses:   Net  0.45% |  Gross  0.83%

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.

Characteristics Holdings are subject to change. Percentages may be rounded.

Statistics
As of Date 9/30/2018
Net Assets $26 million
Dividend Frequency Monthly
Holdings Characteristics
(as of 9/30/2018)
Fund Bloomberg Barclays Municipal Bond Index
Effective Duration 5.99 yrs 5.95 yrs

Municipal Sector Exposure (%)

(as of 9/30/2018)
label currentpercentage
Revenue Bonds 70
General Obligation Bonds 25
Cash, Cash Offsets & Cash Equivalents 3
Pre-Refunded Debt 2
(as of 6/30/2018)
label currentpercentage
Revenue Bonds 70
General Obligation Bonds 26
Cash, Cash Offsets & Cash Equivalents 1
Pre-Refunded Debt 3

Revenue Sector Exposure (%)

(as of 9/30/2018)
label currentpercentage
Health Care 15
Port, Airport and Marina 10
Transportation 7
Special Tax 7
Multiple Utilities 6
Tobacco 5
Sales Tax 4
Industrial Development 4
Education 4
Housing 3
Lease 3
Sewer and Water 2
Port Authority 1
Sports/Convention 0
(as of 6/30/2018)
label currentpercentage
Health Care 15
Port, Airport and Marina 10
Transportation 7
Special Tax 7
Multiple Utilities 7
Tobacco 5
Sales Tax 4
Industrial Development 3
Education 4
Housing 3
Lease 3
Sewer and Water 3
Port Authority 0
Sports/Convention 0
Yields
As of Date 9/30/2018
Distribution Yield at NAV 2.72%
Trailing 12 Month Yield 2.61%
30 Day SEC Yield 2.69%
Unsubsidized 30-Day SEC Yield 2.41%

Top Ten Issuers (%)

(as of 9/30/2018)
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
(as of 6/30/2018)
label percentageholding
Illinois State Finance Auth Rev 3.07
Pennsylvania Turnpike Commission Rev 2.06
Dist of Columbia, GO 1.95
Arlington, TX, Higher Education Finance Corp. Rev 1.76
Illinois State, GO 1.65
Tennessee Housing Development Agency Rev 1.64
Buckeye, OH, Tobacco Settlement Finance Auth 1.57
Chicago, IL, Midway International Airport Rev 1.48
Michigan Finance Auth 1.45
Chicago, IL, Transit Auth Rev 1.41
Total Portfolio % 18.04

Credit Exposure (%)

(as of 9/30/2018)
label value
Aaa/AAA 6
Aa/AA 24
A 41
Baa/BBB 15
Ba/BB 3
B 2
Caa/CCC or lower 0
Not Rated 5
Cash & Cash Offsets 3
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.
Fund Essentials
Inception Date 05/29/2015
Symbol HMKIX
CUSIP 41664T305
Fund Number 1710

Insights

pdf

Client Conversations: Managing Risk in Your Fixed-Income Portfolio 

Wed Sep 05 15:13:00 EDT 2018
Changes in the economy and interest rates can have a big impact on your fixed-income portfolio.
pdf

Shelter From the Storm 

Wed Jul 18 12:42:00 EDT 2018
A fixed-income forecast for a rising-rate world.
pdf

Are Individual Bond Investors About to Get a Big Surprise?  

Mon May 14 09:30:00 EDT 2018
Individual investors will begin seeing mark-ups/mark-downs on trade confirmations for many individual bond purchases beginning May 14, 2018, and advisors should be prepared to explain those ...

Literature

Fund Literature

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Fact Sheet

09/30/2018 | pdf
Get FINRA Letter

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Commentary

06/30/2018 | pdf

Max 100

Summary Prospectus

03/01/2018 | pdf

Available For
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Pitchbook

06/30/2018 | pdf

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Semi Annual Report

04/30/2018 | pdf

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Statutory Prospectus

03/01/2018 | pdf

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Annual Report

10/31/2017 | pdf

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SAI

03/01/2018 | pdf

Available For
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Important Risks: Investing involves risk, including the possible loss of principal. There is no guarantee a fund will achieve its stated objective. 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. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • Municipal securities may be adversely impacted by state/local, political, economic, or market conditions. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable.

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