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Hartford Municipal Opportunities Fund

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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.

More About Municipal Opportunities Fund 

Performance

Performance (%)
% (as of 9/30/2020)
Average Annual Total Returns % (as of 9/30/2020)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Opportunities  I 2.51 3.14 4.04 3.78 4.03 3.23
Benchmark 3.35 4.19 3.82 3.35 3.42 ---
Morningstar Muni National Intermediate Category 2.54 3.08 3.45 3.12 3.28 ---
Performance (%)
% (as of 9/30/2020)
Average Annual Total Returns % (as of 9/30/2020)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Opportunities  I 2.51 3.14 4.04 3.78 4.03 3.23
Benchmark 3.35 4.19 3.82 3.35 3.42 ---
Morningstar Muni National Intermediate Category 2.54 3.08 3.45 3.12 3.28 ---
SI = Since Inception. Fund Inception: 05/31/2007
Operating Expenses:   Net  0.46% |  Gross  0.46%

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.

Growth of $10,000 (I-Share)

(as of 9/30/2020)
[{"date":"Wed Sep 30 00:00:00 EDT 2020","value":"14852.0"},{"date":"Mon Aug 31 00:00:00 EDT 2020","value":"14875.0"},{"date":"Fri Jul 31 00:00:00 EDT 2020","value":"14883.0"},{"date":"Tue Jun 30 00:00:00 EDT 2020","value":"14642.0"},{"date":"Sun May 31 00:00:00 EDT 2020","value":"14401.0"},{"date":"Thu Apr 30 00:00:00 EDT 2020","value":"13996.0"},{"date":"Tue Mar 31 00:00:00 EDT 2020","value":"14247.0"},{"date":"Sat Feb 29 00:00:00 EST 2020","value":"14921.0"},{"date":"Fri Jan 31 00:00:00 EST 2020","value":"14729.0"},{"date":"Tue Dec 31 00:00:00 EST 2019","value":"14488.0"},{"date":"Sat Nov 30 00:00:00 EST 2019","value":"14443.0"},{"date":"Thu Oct 31 00:00:00 EDT 2019","value":"14413.0"},{"date":"Mon Sep 30 00:00:00 EDT 2019","value":"14400.0"},{"date":"Sat Aug 31 00:00:00 EDT 2019","value":"14499.0"},{"date":"Wed Jul 31 00:00:00 EDT 2019","value":"14274.0"},{"date":"Sun Jun 30 00:00:00 EDT 2019","value":"14178.0"},{"date":"Fri May 31 00:00:00 EDT 2019","value":"14098.0"},{"date":"Tue Apr 30 00:00:00 EDT 2019","value":"13906.0"},{"date":"Sun Mar 31 00:00:00 EDT 2019","value":"13842.0"},{"date":"Thu Feb 28 00:00:00 EST 2019","value":"13650.0"},{"date":"Thu Jan 31 00:00:00 EST 2019","value":"13569.0"},{"date":"Mon Dec 31 00:00:00 EST 2018","value":"13458.0"},{"date":"Fri Nov 30 00:00:00 EST 2018","value":"13332.0"},{"date":"Wed Oct 31 00:00:00 EDT 2018","value":"13205.0"},{"date":"Sun Sep 30 00:00:00 EDT 2018","value":"13299.0"},{"date":"Fri Aug 31 00:00:00 EDT 2018","value":"13361.0"},{"date":"Tue Jul 31 00:00:00 EDT 2018","value":"13329.0"},{"date":"Sat Jun 30 00:00:00 EDT 2018","value":"13282.0"},{"date":"Thu May 31 00:00:00 EDT 2018","value":"13266.0"},{"date":"Mon Apr 30 00:00:00 EDT 2018","value":"13141.0"},{"date":"Sat Mar 31 00:00:00 EDT 2018","value":"13172.0"},{"date":"Wed Feb 28 00:00:00 EST 2018","value":"13110.0"},{"date":"Wed Jan 31 00:00:00 EST 2018","value":"13140.0"},{"date":"Sun Dec 31 00:00:00 EST 2017","value":"13248.0"},{"date":"Thu Nov 30 00:00:00 EST 2017","value":"13125.0"},{"date":"Tue Oct 31 00:00:00 EDT 2017","value":"13187.0"},{"date":"Sat Sep 30 00:00:00 EDT 2017","value":"13187.0"},{"date":"Thu Aug 31 00:00:00 EDT 2017","value":"13233.0"},{"date":"Mon Jul 31 00:00:00 EDT 2017","value":"13126.0"},{"date":"Fri Jun 30 00:00:00 EDT 2017","value":"13036.0"},{"date":"Wed May 31 00:00:00 EDT 2017","value":"13051.0"},{"date":"Sun Apr 30 00:00:00 EDT 2017","value":"12886.0"},{"date":"Fri Mar 31 00:00:00 EDT 2017","value":"12765.0"},{"date":"Tue Feb 28 00:00:00 EST 2017","value":"12721.0"},{"date":"Tue Jan 31 00:00:00 EST 2017","value":"12631.0"},{"date":"Sat Dec 31 00:00:00 EST 2016","value":"12557.0"},{"date":"Wed Nov 30 00:00:00 EST 2016","value":"12453.0"},{"date":"Mon Oct 31 00:00:00 EDT 2016","value":"12975.0"},{"date":"Fri Sep 30 00:00:00 EDT 2016","value":"13097.0"},{"date":"Wed Aug 31 00:00:00 EDT 2016","value":"13143.0"},{"date":"Sun Jul 31 00:00:00 EDT 2016","value":"13115.0"},{"date":"Thu Jun 30 00:00:00 EDT 2016","value":"13100.0"},{"date":"Tue May 31 00:00:00 EDT 2016","value":"12896.0"},{"date":"Sat Apr 30 00:00:00 EDT 2016","value":"12853.0"},{"date":"Thu Mar 31 00:00:00 EDT 2016","value":"12766.0"},{"date":"Mon Feb 29 00:00:00 EST 2016","value":"12693.0"},{"date":"Sun Jan 31 00:00:00 EST 2016","value":"12693.0"},{"date":"Thu Dec 31 00:00:00 EST 2015","value":"12547.0"},{"date":"Mon Nov 30 00:00:00 EST 2015","value":"12459.0"},{"date":"Sat Oct 31 00:00:00 EDT 2015","value":"12398.0"},{"date":"Wed Sep 30 00:00:00 EDT 2015","value":"12340.0"},{"date":"Mon Aug 31 00:00:00 EDT 2015","value":"12234.0"},{"date":"Fri Jul 31 00:00:00 EDT 2015","value":"12216.0"},{"date":"Tue Jun 30 00:00:00 EDT 2015","value":"12141.0"},{"date":"Sun May 31 00:00:00 EDT 2015","value":"12149.0"},{"date":"Thu Apr 30 00:00:00 EDT 2015","value":"12188.0"},{"date":"Tue Mar 31 00:00:00 EDT 2015","value":"12240.0"},{"date":"Sat Feb 28 00:00:00 EST 2015","value":"12197.0"},{"date":"Sat Jan 31 00:00:00 EST 2015","value":"12325.0"},{"date":"Wed Dec 31 00:00:00 EST 2014","value":"12112.0"},{"date":"Sun Nov 30 00:00:00 EST 2014","value":"12055.0"},{"date":"Fri Oct 31 00:00:00 EDT 2014","value":"12025.0"},{"date":"Tue Sep 30 00:00:00 EDT 2014","value":"11939.0"},{"date":"Sun Aug 31 00:00:00 EDT 2014","value":"11908.0"},{"date":"Thu Jul 31 00:00:00 EDT 2014","value":"11780.0"},{"date":"Mon Jun 30 00:00:00 EDT 2014","value":"11762.0"},{"date":"Sat May 31 00:00:00 EDT 2014","value":"11745.0"},{"date":"Wed Apr 30 00:00:00 EDT 2014","value":"11604.0"},{"date":"Mon Mar 31 00:00:00 EDT 2014","value":"11476.0"},{"date":"Fri Feb 28 00:00:00 EST 2014","value":"11482.0"},{"date":"Fri Jan 31 00:00:00 EST 2014","value":"11383.0"},{"date":"Tue Dec 31 00:00:00 EST 2013","value":"11200.0"},{"date":"Sat Nov 30 00:00:00 EST 2013","value":"11207.0"},{"date":"Thu Oct 31 00:00:00 EDT 2013","value":"11230.0"},{"date":"Mon Sep 30 00:00:00 EDT 2013","value":"11156.0"},{"date":"Sat Aug 31 00:00:00 EDT 2013","value":"10948.0"},{"date":"Wed Jul 31 00:00:00 EDT 2013","value":"11078.0"},{"date":"Sun Jun 30 00:00:00 EDT 2013","value":"11166.0"},{"date":"Fri May 31 00:00:00 EDT 2013","value":"11573.0"},{"date":"Tue Apr 30 00:00:00 EDT 2013","value":"11701.0"},{"date":"Sun Mar 31 00:00:00 EDT 2013","value":"11573.0"},{"date":"Thu Feb 28 00:00:00 EST 2013","value":"11552.0"},{"date":"Thu Jan 31 00:00:00 EST 2013","value":"11518.0"},{"date":"Mon Dec 31 00:00:00 EST 2012","value":"11480.0"},{"date":"Fri Nov 30 00:00:00 EST 2012","value":"11587.0"},{"date":"Wed Oct 31 00:00:00 EDT 2012","value":"11395.0"},{"date":"Sun Sep 30 00:00:00 EDT 2012","value":"11307.0"},{"date":"Fri Aug 31 00:00:00 EDT 2012","value":"11230.0"},{"date":"Tue Jul 31 00:00:00 EDT 2012","value":"11198.0"},{"date":"Sat Jun 30 00:00:00 EDT 2012","value":"11005.0"},{"date":"Thu May 31 00:00:00 EDT 2012","value":"11021.0"},{"date":"Mon Apr 30 00:00:00 EDT 2012","value":"10905.0"},{"date":"Sat Mar 31 00:00:00 EDT 2012","value":"10751.0"},{"date":"Wed Feb 29 00:00:00 EST 2012","value":"10736.0"},{"date":"Tue Jan 31 00:00:00 EST 2012","value":"10696.0"},{"date":"Sat Dec 31 00:00:00 EST 2011","value":"10371.0"},{"date":"Wed Nov 30 00:00:00 EST 2011","value":"10154.0"},{"date":"Mon Oct 31 00:00:00 EDT 2011","value":"10100.0"},{"date":"Fri Sep 30 00:00:00 EDT 2011","value":"10092.0"},{"date":"Wed Aug 31 00:00:00 EDT 2011","value":"9913.0"},{"date":"Sun Jul 31 00:00:00 EDT 2011","value":"9852.0"},{"date":"Thu Jun 30 00:00:00 EDT 2011","value":"9742.0"},{"date":"Tue May 31 00:00:00 EDT 2011","value":"9633.0"},{"date":"Sat Apr 30 00:00:00 EDT 2011","value":"9486.0"},{"date":"Thu Mar 31 00:00:00 EDT 2011","value":"9379.0"},{"date":"Mon Feb 28 00:00:00 EST 2011","value":"9404.0"},{"date":"Mon Jan 31 00:00:00 EST 2011","value":"9310.0"},{"date":"Fri Dec 31 00:00:00 EST 2010","value":"9486.0"},{"date":"Tue Nov 30 00:00:00 EST 2010","value":"9669.0"},{"date":"Sun Oct 31 00:00:00 EDT 2010","value":"10071.0"},{"date":"Thu Sep 30 00:00:00 EDT 2010","value":"10000.0"}]

 
Growth of $10,000
I-Share Morningstar Ratings
(as of 9/30/2020)
  • Overall
    infoIcon:
    Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 240, 240, 218 and 160 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.
    infoIcon:
  • 240 Products | Muni National Interm Category
Based on Risk-Adjusted Returns
Calendar Year Returns (%)
Fund Benchmark
2019 7.66 6.44
2018 1.59 1.58
2017 5.50 4.33
2016 0.08 0.01
2015 3.60 2.83
2014 8.13 6.36
2013 -2.45 -1.05
2012 10.68 4.74
2011 9.33 8.80
2010 4.45 2.97

Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

CharacteristicsAllocations, exposures and holdings are subject to change. Percentages may be rounded.

Allocations, exposures and holdings are subject to change. Percentages may be rounded.
Statistics
As of Date 9/30/2020
Net Assets $1.4 billion
# of Holdings 670
Turnover (9/30/2020) 27%
Dividend Frequency Monthly
Holdings Characteristics
(as of 9/30/2020)
Fund
Effective Duration 5.20 yrs

Credit Exposure (%)

(as of 9/30/2020)
label value
Aaa/AAA 8
Aa/AA 32
A 37
Baa/BBB 10
Ba/BB 3
B 0
Caa/CCC or lower 0
Not Rated 8
Cash & Cash Offsets 1
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 (%)

(as of 9/30/2020)
label currentpercentage
Revenue Bonds 75
General Obligation Bonds 21
Pre-Refunded Debt 2
Cash, Cash Offsets & Cash Equivalents 1
Other Non-Municipal Bonds 0
(as of 6/30/2020)
label currentpercentage
Revenue Bonds 67
General Obligation Bonds 22
Pre-Refunded Debt 1
Cash, Cash Offsets & Cash Equivalents 9
Other Non-Municipal Bonds 0
Yields
As of Date 9/30/2020
Distribution Yield at NAV 2.15%
30 Day SEC Yield 1.27%
Unsubsidized 30-Day SEC Yield 1.27%

Top Ten Issuers (%)

(as of 9/30/2020)
label percentageholding
State of Illinois, GO 2.48
New York State Dormitory Auth Rev 2.32
State of Texas, GO 1.74
Buckeye, OH, Tobacco Settlement Finance Auth 1.65
Illinois State Finance Auth Rev 1.63
Chicago, IL, Transit Auth 1.45
California State, GO 1.38
Lower Alabama Gas Dist 1.21
Public Finance Auth, WI 1.17
Michigan Finance Auth Rev 1.14
Total Portfolio % 16.17
(as of 6/30/2020)
label percentageholding
State of Texas, GO 2.61
State of Illinois, GO 2.54
New York State Dormitory Auth Rev 2.47
Buckeye, OH, Tobacco Settlement Finance Auth 1.70
Illinois State Finance Auth Rev 1.68
California State, GO 1.45
Lower Alabama Gas Dist 1.25
Michigan Finance Auth Rev 1.20
Public Finance Auth, WI 1.20
Chicago, IL, Transit Auth 1.19
Total Portfolio % 17.29

Revenue Sector Exposure (%)

(as of 9/30/2020)
label currentpercentage
Health Care 14
Port, Airport and Marina 9
Special Tax 8
Housing 6
Transportation 6
Sales Tax 6
Multiple Utilities 6
Industrial Development 5
Lease 4
Tobacco 3
Education 3
Sewer and Water 2
Port Authority 1
Student Loans 1
Sports/Convention 0
Other Tax Exempt Revenue Bonds 0
Resource Recovery 0
(as of 6/30/2020)
label currentpercentage
Health Care 14
Port, Airport and Marina 8
Special Tax 7
Housing 5
Transportation 5
Sales Tax 6
Multiple Utilities 4
Industrial Development 4
Lease 4
Tobacco 3
Education 3
Sewer and Water 2
Port Authority 1
Student Loans 1
Sports/Convention 0
Other Tax Exempt Revenue Bonds 0
Resource Recovery 0
Fund Essentials
Inception Date 05/31/2007
Symbol HHMIX
CUSIP 41664L674
Fund Number 1597

Insights

pdf

Fundamentals, Elections, and Other Top-of-Mind Issues for Muni Bond Investors 

09/28/2020
Municipal bonds remain a high-quality asset class with a high capacity to repay debt obligations, even in the face of downgrades.
pdf

Coronavirus Update Center 

07/21/2020
Collected insights on the impact of coronavirus.
pdf

Munis: Worth the Risks (If You Know Where to Look) 

06/08/2020
The ripple effects of COVID-19 will be felt across muni sectors, but we believe muni valuations may more than compensate investors for the increased risks.

Literature

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pdf

Fact Sheet

09/30/2020 | pdf

This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.

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Fund Story

09/30/2020 | pdf

This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.

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Commentary

09/30/2020 | pdf

Current 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 Prospectus

pdf

A concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.

Municipal Opportunities Fund Pitchbook

06/30/2020 | pdf

This Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.

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Semi Annual Report

pdf

A semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

Statutory Prospectus

pdf

An annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.

Annual Report

pdf

An annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

SAI

pdf

A supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.  

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. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable. • High-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

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

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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