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 12/31/2019)
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|||||
| 1YR | 5YR | 10YR | SI | ||
|---|---|---|---|---|---|
| Hartford Municipal Income I | 8.60 | --- | --- | 4.23 | |
| Benchmark | 7.54 | --- | --- | --- | |
| Morningstar Muni National Intermediate Category | 6.84 | --- | --- | --- | |
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Average Annual Total Returns % (as of 12/31/2019)
|
|||||
| 1YR | 5YR | 10YR | SI | ||
|---|---|---|---|---|---|
| Hartford Municipal Income I | 8.60 | --- | --- | 4.23 | |
| Benchmark | 7.54 | --- | --- | --- | |
| Morningstar Muni National Intermediate Category | 6.84 | --- | --- | --- | |
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 12/31/2019)
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Overall
:
Overall, 5 stars and 3-Year, 5 stars, rated against 239 and 239 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.
©2020 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.:
- 239 Products | Muni National Interm Category
CharacteristicsAllocations, exposures and holdings are subject to change. Percentages may be rounded.
| As of Date | 12/31/2019 |
| Net Assets | $42 million |
| Dividend Frequency | Monthly |
| Fund | Bloomberg Barclays Municipal Bond Index | |
|---|---|---|
| Effective Duration | 5.30 yrs | 5.19 yrs |
Municipal Sector Exposure (%)
| label | currentpercentage |
|---|---|
| Revenue Bonds | 72 |
| General Obligation Bonds | 21 |
| Cash, Cash Offsets & Cash Equivalents | 5 |
| Pre-Refunded Debt | 1 |
| Other Non-Municipal Bonds | 0 |
| label | currentpercentage |
|---|---|
| Revenue Bonds | 70 |
| General Obligation Bonds | 23 |
| Cash, Cash Offsets & Cash Equivalents | 5 |
| Pre-Refunded Debt | 1 |
| Other Non-Municipal Bonds | 0 |
Revenue Sector Exposure (%)
| label | currentpercentage |
|---|---|
| Health Care | 16 |
| Port, Airport and Marina | 10 |
| Housing | 7 |
| Special Tax | 7 |
| Multiple Utilities | 5 |
| Lease | 5 |
| Transportation | 5 |
| Education | 4 |
| Sales Tax | 4 |
| Industrial Development | 4 |
| Tobacco | 3 |
| Sewer and Water | 1 |
| Port Authority | 1 |
| Student Loans | 0 |
| Sports/Convention | 0 |
| Other Tax Exempt Revenue Bonds | 0 |
| Resource Recovery | 0 |
| label | currentpercentage |
|---|---|
| Health Care | 16 |
| Port, Airport and Marina | 10 |
| Housing | 4 |
| Special Tax | 7 |
| Multiple Utilities | 6 |
| Lease | 3 |
| Transportation | 4 |
| Education | 3 |
| Sales Tax | 6 |
| Industrial Development | 5 |
| Tobacco | 4 |
| Sewer and Water | 2 |
| Port Authority | 1 |
| Student Loans | 0 |
| Sports/Convention | 0 |
| Other Tax Exempt Revenue Bonds | 0 |
| Resource Recovery | 0 |
| As of Date | 12/31/2019 |
| Distribution Yield at NAV | 2.35% |
| 30 Day SEC Yield | 1.73% |
| Unsubsidized 30-Day SEC Yield | 1.50% |
Top Ten Issuers (%)
| label | percentageholding |
|---|---|
| State of Illinois, GO | 2.76 |
| New York State Dormitory Auth Rev | 2.11 |
| State of New York Mortgage Agency | 2.06 |
| Illinois State Finance Auth Rev | 2.05 |
| Massachusetts Dev Finance Agency | 1.80 |
| Massachusetts Housing Finance Agency | 1.59 |
| Buckeye, OH, Tobacco Settlement Finance Auth | 1.57 |
| Ecorse, MI, Public School Dist | 1.33 |
| New Jersey Transportation Trust Fund Auth | 1.24 |
| Public Finance Auth, WI | 1.22 |
| Total Portfolio % | 17.73 |
| label | percentageholding |
|---|---|
| Illinois State Finance Auth Rev | 2.34 |
| Massachusetts Dev Finance Agency | 2.19 |
| State of Illinois, GO | 1.99 |
| Buckeye, OH, Tobacco Settlement Finance Auth | 1.90 |
| Ecorse, MI, Public School Dist | 1.61 |
| Public Finance Auth, WI | 1.48 |
| State of Texas | 1.48 |
| Arlington, TX, Higher Education Finance Corp. Rev | 1.38 |
| Michigan Finance Auth | 1.26 |
| Clark County, NV, School Dist, GO | 1.15 |
| Total Portfolio % | 16.78 |
Credit Exposure (%)
| label | value |
|---|---|
| Aaa/AAA | 5 |
| Aa/AA | 25 |
| A | 36 |
| Baa/BBB | 18 |
| Ba/BB | 5 |
| B | 2 |
| Caa/CCC or lower | 0 |
| Not Rated | 7 |
| Cash & Cash Offsets | 3 |
| Inception Date | 05/29/2015 |
| Symbol | HMKIX |
| CUSIP | 41664T305 |
| Fund Number | 1710 |
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Fact Sheet09/30/2019 | pdfThis Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance. |
Commentary09/30/2019 | 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 Prospectus03/01/2019 | pdfA concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.
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Pitchbook09/30/2019 | pdfThis Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.
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Semi Annual Report04/30/2019 | 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 Prospectus03/01/2019 | pdfAn annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.
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Annual Report10/31/2019 | pdfAn annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
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SAI03/01/2019 | pdfA 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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