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Tax-Advantaged Bond fund

Hartford Municipal Opportunities Fund    Share Class - Y (HHMYX)


MORNINGSTAR RATING:
Overall, 4 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 270, 270, 231 and 168 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.
©2022 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 12/31/2021)
270 PRODUCTS
Muni National Interm Category
Based on Risk-Adjusted Returns

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.


Actively Managing Municipals

With the ability to draw on the bond, equity, and macroeconomic experts at Wellington Management, the portfolio managers seek to exploit inefficiencies across more than a million bonds in the municipal bond markets and build a portfolio that is diversified by geography, sector, and credit quality.

Diversify Your Fixed Income

A majority of the Fund is invested in investment-grade municipals, consisting of a variety of high-quality revenue and tax-backed issues. These quality holdings are complemented by opportunistic high-yield municipal bonds to help enhance the Fund’s income.

AtTractive Tax-Exempt income

Income from the Fund is generally exempt from federal taxes, making it attractive to investors concerned by the impact of taxes on their returns.

Portfolio Management
Managing Director
Fixed-Income Portfolio Manager & Credit Analyst
9
YRS
MANAGING THIS FUND
11
YRS
AT WELLINGTON MANAGEMENT
25
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
9
YRS
MANAGING THIS FUND
16
YRS
AT WELLINGTON MANAGEMENT
33
YRS
EXPERIENCE IN THIS INDUSTRY

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

FUND PROCESS VIDEO
Hartford Municipal Opportunities Fund Process Video


Brad Libby

Managing Director, Fixed-Income Portfolio Manager

Brad Libby process video

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 12/31/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 12/31/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Opportunities Y 1.99 1.99 4.69 4.22 4.06 3.22
Benchmark 0.86 0.86 3.99 3.57 3.05 ---
Morningstar Muni National Intermediate Category 1.67 1.67 4.30 3.60 3.08 ---
 
CUMULATIVE %
(as of 12/31/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 12/31/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Opportunities Y 1.99 1.99 4.69 4.22 4.06 3.22
Benchmark 0.86 0.86 3.99 3.57 3.05 ---
Morningstar Muni National Intermediate Category 1.67 1.67 4.30 3.60 3.08 ---

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

Share Class Inception: 5/31/18.
Class Y-shares performance prior to 5/31/18 reflects the performance and operating expenses of Class I-shares. Performance for Class Y-shares prior to its inception date would have differed if Class Y- operating expenses had been reflected. SI performance is calculated from 5/31/07.

Hartford Municipal Opportunities Fund Y Share Morningstar Ratings
overall
(as of 12/31/2021)
Overall, 4 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 270, 270, 231 and 168 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.
©2022 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.

270 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 12/31/2021)
Overall, 4 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 270, 270, 231 and 168 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.
©2022 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.

270 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 12/31/2021)
Overall, 4 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 270, 270, 231 and 168 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.
©2022 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.

231 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
10 YEAR
(as of 12/31/2021)
Overall, 4 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 270, 270, 231 and 168 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.
©2022 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.

168 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
The Fund’s Class Y shares have not been in operation for 10 years. Therefore, the Calendar Year Returns (Y Shares) chart includes performance and operating expenses of another class. For more information, see the prospectus.

Characteristics

FUND ESSENTIALS
Inception Date 05/31/2007
Net Assets $2.2 billion
Total Operating Expenses 0.46%
Morningstar Category Muni National Interm
Lipper Classification Intermediate Municipal Debt Funds
CUSIP 41665K527
Fund Number 1732
FUND STATS
Dividend Frequency
Monthly
# of Holdings
817
Holdings Characteristics
Effective Duration
4.90 yrs
Credit Exposure (%)
Aaa/AAA 10
Aa/AA 32
A 29
Baa/BBB 12
Ba/BB 3
B 0
Caa/CCC or lower 0
Not Rated 7
Cash & Cash Offsets 8
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 70
General Obligation Bonds 20
Cash, Cash Offsets & Cash Equivalents 8
Pre-Refunded Debt 2
Other Non-Municipal Bonds 0
Revenue Bonds 75
General Obligation Bonds 20
Cash, Cash Offsets & Cash Equivalents 3
Pre-Refunded Debt 2
Other Non-Municipal Bonds 0
Top Ten Issuers (%)
California State, GO Taxable 2.54
State of Illinois, GO 2.54
Metropolitan Transportation Auth, NY, Rev 1.99
New York State Dormitory Auth. 1.56
Chicago, IL, Board of Education, GO 1.38
New York State Dormitory Auth Rev 1.36
Illinois State Finance Auth Rev 1.17
Los Angeles Unified School District/CA 1.15
Main Street Natural Gas, Inc., GA 1.15
State of Texas, GO 1.13
Total Portfolio % 15.97
State of Illinois, GO 3.51
Metropolitan Transportation Auth, NY, Rev 2.45
Chicago, IL, Board of Education, GO 1.70
New York State Dormitory Auth Rev 1.67
Wisconsin Health & Educational Facs Auth Rev 1.57
New York City Transitional Finance Auth, Future Tax Secured Rev 1.45
Illinois State Finance Auth Rev 1.44
State of Texas, GO 1.42
Buckeye, OH, Tobacco Settlement Finance Auth 1.34
California State, GO Taxable 1.22
Total Portfolio % 17.77
Yields (%) (as of 12/31/21)
Distribution Yield at NAV
1.57
30-Day SEC Yield
0.80
Unsubsidized 30-Day SEC Yield
0.80
Revenue Sector Exposure (%)
Health Care 12
Housing 9
Special Tax 9
Port, Airport and Marina 7
Industrial Development 6
Multiple Utilities 6
Transportation 5
Sales Tax 4
Lease 4
Education 3
Tobacco 3
Sewer and Water 1
Student Loans 1
Port Authority 1
Sports/Convention 0
Other Tax Exempt Revenue Bonds 0
Resource Recovery 0
Health Care 12
Housing 9
Special Tax 8
Port, Airport and Marina 8
Transportation 7
Multiple Utilities 6
Industrial Development 5
Sales Tax 5
Lease 4
Education 3
Tobacco 3
Sewer and Water 2
Student Loans 1
Port Authority 1
Sports/Convention 0
Other Tax Exempt Revenue Bonds 0
Resource Recovery 0
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
1/3/2022 9.10 $0.0119 $0.0000 $0.0000 $0.0119
1/3/2022 9.10 $0.0000 $0.0000 $0.0000 $0.0000
12/20/2021 9.10 $0.0000 $0.0000 $0.0000 $0.0000
12/1/2021 9.10 $0.0139 $0.0000 $0.0000 $0.0139
11/1/2021 9.04 $0.0140 $0.0000 $0.0000 $0.0140
10/1/2021 9.09 $0.0140 $0.0000 $0.0000 $0.0140
9/1/2021 9.17 $0.0139 $0.0000 $0.0000 $0.0139
8/2/2021 9.21 $0.0139 $0.0000 $0.0000 $0.0139
7/1/2021 9.16 $0.0144 $0.0000 $0.0000 $0.0144
6/1/2021 9.14 $0.0142 $0.0000 $0.0000 $0.0142
5/3/2021 9.11 $0.0147 $0.0000 $0.0000 $0.0147
4/1/2021 9.04 $0.0149 $0.0000 $0.0000 $0.0149
3/1/2021 9.01 $0.0154 $0.0000 $0.0000 $0.0154
2/1/2021 9.16 $0.0143 $0.0000 $0.0000 $0.0143
Past distributions are not indicative of future distributions.

Fund Literature


01/21/2022 - PDF (269 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
09/30/2021 - PDF (626 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
09/30/2021 - PDF (582 KB)
Hartford Municipal Opportunities Bond Fund Flyer
12/31/2021 - PDF (418 KB)
Current monthly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, and positioning and outlook for the Fund.
09/30/2021 - PDF (245 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 (140 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
12/31/2021 - PDF (393 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
12/31/2021 - PDF (490 KB)
This Pitchbook reviews the Funds' 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.
A combination of infrastructure spending, government stimulus, and the prospect of higher taxes makes a compelling case for municipal bonds.
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. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • Municipal securities may be adversely impacted by state/local, political, economic, or market conditions. Although the Fund primarily invests in municipal securities that are exempt from federal income taxes, investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • Integration of environmental, social, and/or governance (ESG) factors into 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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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.

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