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Tax-Advantaged Bond fund

Hartford Municipal Opportunities Fund   

MORNINGSTAR RATING:
Overall, 4 stars, 3-Year, 3 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 265, 265, 238 and 180 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.
©2024 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 5/31/2024)
265 PRODUCTS
Muni National Interm Category
Based on Risk-Adjusted Returns
MORNINGSTAR RATING:
Overall, 4 stars, 3-Year, 3 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 265, 265, 238 and 180 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.
©2024 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 5/31/2024)
265 PRODUCTS
Muni National Interm Category
Based on Risk-Adjusted Returns

Tax-Advantaged Bond fund

Hartford Municipal Opportunities Fund   
Share Class - I (HHMIX)

Objective

Seeks to provide current income that is generally exempt from federal income taxes, and long-term total return.

Overview

A municipal bond fund that seeks to provide a diversified approach to income that is typically exempt from federal taxes, and long-term total return.

Portfolio Management
Managing Director
Fixed-Income Portfolio Manager & Credit Analyst
12
YRS
MANAGING THIS FUND
14
YRS
AT WELLINGTON MANAGEMENT
28
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
12
YRS
MANAGING THIS FUND
19
YRS
AT WELLINGTON MANAGEMENT
36
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
0
YRS
MANAGING THIS FUND
23
YRS
AT WELLINGTON MANAGEMENT
23
YRS
EXPERIENCE IN THIS INDUSTRY

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

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 5/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 5/31/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Opportunities I -0.35 4.20 -0.99 1.14 2.42 2.55
Benchmark -1.90 2.15 -0.83 0.99 1.96 ---
Morningstar Muni National Intermediate Category -1.00 3.07 -1.15 0.81 1.76 ---
 
CUMULATIVE %
(as of 3/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 3/31/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Opportunities I 0.56 4.51 -0.22 1.69 2.75 2.63
Benchmark -0.29 2.62 -0.04 1.60 2.32 ---
Morningstar Muni National Intermediate Category 0.12 3.35 -0.39 1.36 2.08 ---

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: 05/31/2007

Hartford Municipal Opportunities Fund I Share Morningstar Ratings
overall
(as of 5/31/2024)
Overall, 4 stars, 3-Year, 3 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 265, 265, 238 and 180 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.
©2024 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.

265 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 5/31/2024)
Overall, 4 stars, 3-Year, 3 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 265, 265, 238 and 180 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.
©2024 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.

265 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 5/31/2024)
Overall, 4 stars, 3-Year, 3 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 265, 265, 238 and 180 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.
©2024 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.

238 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
10 YEAR
(as of 5/31/2024)
Overall, 4 stars, 3-Year, 3 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 265, 265, 238 and 180 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.
©2024 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.

180 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns

Characteristics

FUND ESSENTIALS
Inception Date 05/31/2007
Net Assets $1.8 billion
Total Operating Expenses 0.45%
Morningstar Category Muni National Interm
Lipper Classification Intermediate Municipal Debt Funds
CUSIP 41664L674
Fund Number 1597
FUND STATS
Dividend Frequency
Monthly
# of Holdings
811
Holdings Characteristics
Yield to Worst (%)
4.28%
Effective Duration
5.17 yrs
Credit Exposure (%)
Aaa/AAA 10
Aa/AA 30
A 36
Baa/BBB 11
Ba/BB 4
B 0
Caa/CCC or lower 0
Not Rated 7
Cash & Cash Offsets 2
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 79
General Obligation Bonds 18
Cash, Cash Offsets & Cash Equivalents 2
Pre-Refunded Debt 1
Other Non-Municipal Bonds 0
Other Municipal Bonds 0
Revenue Bonds 80
General Obligation Bonds 17
Cash, Cash Offsets & Cash Equivalents 2
Pre-Refunded Debt 1
Other Non-Municipal Bonds 0
Other Municipal Bonds 0
Top Ten Issuers (%)
State of Illinois, IL, GO 3.15
Chicago Board of Education, IL, GO 2.08
Main Street Natural Gas, Inc., GA, Rev 2.07
New York State Dormitory Auth, NY, Rev 2.00
Black Belt Energy Gas Dist, AL, Rev 1.80
Public Finance Auth, WI, Rev 1.75
California Community Choice Financing Auth, CA, Rev 1.49
Michigan State Building Auth, MI, Rev 1.39
Sales Tax Securitization Corp., IL, Rev 1.32
New York Liberty Dev Corp., NY, Rev 1.23
Total Portfolio % 18.28
Yields (%) (as of 5/31/24)
Distribution Yield at NAV
3.25
30-Day SEC Yield
3.35
Unsubsidized 30-Day SEC Yield
3.35
Revenue Sector Exposure (%)
Industrial Development 14
Health Care 12
Port, Airport and Marina 9
Special Tax 8
Transportation 6
Multiple Utilities 6
Housing 5
Sales Tax 5
Lease 5
Education 4
Sewer and Water 2
Tobacco 2
Student Loans 1
Port Authority 1
Other Tax Exempt Revenue Bonds 0
Sports/Convention 0
Resource Recovery 0
Industrial Development 14
Health Care 12
Port, Airport and Marina 9
Special Tax 8
Transportation 6
Housing 6
Multiple Utilities 6
Sales Tax 5
Lease 5
Education 4
Sewer and Water 2
Tobacco 2
Student Loans 1
Port Authority 1
Other Tax Exempt Revenue Bonds 0
Sports/Convention 0
Resource Recovery 0
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
5/31/2024 8.23 $0.0223 $0.0000 $0.0000 $0.0223
4/30/2024 8.25 $0.0219 $0.0000 $0.0000 $0.0219
3/28/2024 8.35 $0.0222 $0.0000 $0.0000 $0.0222
2/29/2024 8.36 $0.0227 $0.0000 $0.0000 $0.0227
1/31/2024 8.35 $0.0222 $0.0000 $0.0000 $0.0222
12/29/2023 8.37 $0.0215 $0.0000 $0.0000 $0.0215
12/15/2023 8.34 $0.0000 $0.0000 $0.0000 $0.0000
11/30/2023 8.20 $0.0215 $0.0000 $0.0000 $0.0215
10/31/2023 7.82 $0.0210 $0.0000 $0.0000 $0.0210
9/29/2023 7.92 $0.0212 $0.0000 $0.0000 $0.0212
8/31/2023 8.12 $0.0209 $0.0000 $0.0000 $0.0209
7/31/2023 8.21 $0.0201 $0.0000 $0.0000 $0.0201
6/30/2023 8.21 $0.0202 $0.0000 $0.0000 $0.0202
Past distributions are not indicative of future distributions.

Fund Literature


03/31/2024 - PDF (179 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
03/31/2024 - PDF (313 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
06/14/2024 - PDF (252 KB)
Current monthly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, and positioning and outlook for the Fund.
03/31/2024 - PDF (385 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 (159 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
03/31/2024 - PDF (413 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
03/31/2024 - PDF (547 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, and general portfolio parameters.
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.
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. • 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. • 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. • Financially material environmental, social and/or governance (ESG) characteristics are one of several factors that may be considered and as a result, the investment process may not work as intended.

Diversification does not ensure a profit or protect against a loss in a declining market. 

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 (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, Lattice, and HFMC, 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.

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