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Hartford Municipal Opportunities Fund

Explore Another ETFs

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 12/31/2017)
Average Annual Total Returns % (as of 12/31/2017)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Opportunities  I 5.50 5.50 3.03 2.91 3.89 2.97
Benchmark 4.33 4.33 2.37 2.46 3.99 ---
Morningstar Muni National Intermediate Category 4.46 4.46 2.23 2.09 3.56 ---
Performance (%)
% (as of 12/31/2017)
Average Annual Total Returns % (as of 12/31/2017)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Opportunities  I 5.50 5.50 3.03 2.91 3.89 2.97
Benchmark 4.33 4.33 2.37 2.46 3.99 ---
Morningstar Muni National Intermediate Category 4.46 4.46 2.23 2.09 3.56 ---
SI = Since Inception. Fund Inception: 05/31/2007
Operating Expenses:   Net  0.46% |  Gross  0.47%

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

(as of 12/31/2017)
[{"date":"2017/12/31","value":"14296"},{"date":"2017/11/30","value":"14166"},{"date":"2017/10/31","value":"14252"},{"date":"2017/09/30","value":"14239"},{"date":"2017/08/31","value":"14309"},{"date":"2017/07/31","value":"14179"},{"date":"2017/06/30","value":"14100"},{"date":"2017/05/31","value":"14119"},{"date":"2017/04/30","value":"13927"},{"date":"2017/03/31","value":"13800"},{"date":"2017/02/28","value":"13771"},{"date":"2017/01/31","value":"13660"},{"date":"2016/12/31","value":"13582"},{"date":"2016/11/30","value":"13472"},{"date":"2016/10/31","value":"14041"},{"date":"2016/09/30","value":"14177"},{"date":"2016/08/31","value":"14229"},{"date":"2016/07/31","value":"14202"},{"date":"2016/06/30","value":"14205"},{"date":"2016/05/31","value":"13970"},{"date":"2016/04/30","value":"13927"},{"date":"2016/03/31","value":"13835"},{"date":"2016/02/29","value":"13775"},{"date":"2016/01/31","value":"13761"},{"date":"2015/12/31","value":"13622"},{"date":"2015/11/30","value":"13512"},{"date":"2015/10/31","value":"13449"},{"date":"2015/09/30","value":"13389"},{"date":"2015/08/31","value":"13293"},{"date":"2015/07/31","value":"13260"},{"date":"2015/06/30","value":"13181"},{"date":"2015/05/31","value":"13209"},{"date":"2015/04/30","value":"13238"},{"date":"2015/03/31","value":"13298"},{"date":"2015/02/28","value":"13253"},{"date":"2015/01/31","value":"13411"},{"date":"2014/12/31","value":"13181"},{"date":"2014/11/30","value":"13107"},{"date":"2014/10/31","value":"13077"},{"date":"2014/09/30","value":"12986"},{"date":"2014/08/31","value":"12970"},{"date":"2014/07/31","value":"12833"},{"date":"2014/06/30","value":"12801"},{"date":"2014/05/31","value":"12800"},{"date":"2014/04/30","value":"12634"},{"date":"2014/03/31","value":"12497"},{"date":"2014/02/28","value":"12521"},{"date":"2014/01/31","value":"12415"},{"date":"2013/12/31","value":"12202"},{"date":"2013/11/30","value":"12228"},{"date":"2013/10/31","value":"12256"},{"date":"2013/09/30","value":"12163"},{"date":"2013/08/31","value":"11952"},{"date":"2013/07/31","value":"12097"},{"date":"2013/06/30","value":"12181"},{"date":"2013/05/31","value":"12643"},{"date":"2013/04/30","value":"12786"},{"date":"2013/03/31","value":"12635"},{"date":"2013/02/28","value":"12628"},{"date":"2013/01/31","value":"12579"},{"date":"2012/12/31","value":"12555"},{"date":"2012/11/30","value":"12675"},{"date":"2012/10/31","value":"12453"},{"date":"2012/09/30","value":"12359"},{"date":"2012/08/31","value":"12292"},{"date":"2012/07/31","value":"12258"},{"date":"2012/06/30","value":"12050"},{"date":"2012/05/31","value":"12069"},{"date":"2012/04/30","value":"11931"},{"date":"2012/03/31","value":"11778"},{"date":"2012/02/29","value":"11764"},{"date":"2012/01/31","value":"11723"},{"date":"2011/12/31","value":"11355"},{"date":"2011/11/30","value":"11132"},{"date":"2011/10/31","value":"11061"},{"date":"2011/09/30","value":"11056"},{"date":"2011/08/31","value":"10861"},{"date":"2011/07/31","value":"10810"},{"date":"2011/06/30","value":"10691"},{"date":"2011/05/31","value":"10574"},{"date":"2011/04/30","value":"10414"},{"date":"2011/03/31","value":"10285"},{"date":"2011/02/28","value":"10328"},{"date":"2011/01/31","value":"10227"},{"date":"2010/12/31","value":"10423"},{"date":"2010/11/30","value":"10626"},{"date":"2010/10/31","value":"11058"},{"date":"2010/09/30","value":"10995"},{"date":"2010/08/31","value":"10921"},{"date":"2010/07/31","value":"10638"},{"date":"2010/06/30","value":"10513"},{"date":"2010/05/31","value":"10479"},{"date":"2010/04/30","value":"10428"},{"date":"2010/03/31","value":"10258"},{"date":"2010/02/28","value":"10223"},{"date":"2010/01/31","value":"10127"},{"date":"2009/12/31","value":"10000"},{"date":"2009/11/30","value":"9858"},{"date":"2009/10/31","value":"9910"},{"date":"2009/09/30","value":"10100"},{"date":"2009/08/31","value":"9384"},{"date":"2009/07/31","value":"9032"},{"date":"2009/06/30","value":"8908"},{"date":"2009/05/31","value":"8989"},{"date":"2009/04/30","value":"8598"},{"date":"2009/03/31","value":"8365"},{"date":"2009/02/28","value":"8310"},{"date":"2009/01/31","value":"8189"},{"date":"2008/12/31","value":"7756"},{"date":"2008/11/30","value":"8266"},{"date":"2008/10/31","value":"8474"},{"date":"2008/09/30","value":"9229"},{"date":"2008/08/31","value":"9883"},{"date":"2008/07/31","value":"9778"},{"date":"2008/06/30","value":"9868"},{"date":"2008/05/31","value":"9972"},{"date":"2008/04/30","value":"9918"},{"date":"2008/03/31","value":"9814"},{"date":"2008/02/29","value":"9699"},{"date":"2008/01/31","value":"10126"},{"date":"2007/12/31","value":"10000"}]

 
Growth of $10,000

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

I-Share Morningstar Ratings
(as of 12/31/2017)
  • Overall
    infoIcon:
  • Overall Morningstar Rating for Municipal Opportunities Fund, Class I, as of 12/31/2017 out of 258 products in the Muni National Intermediate Category Based on Risk-Adjusted Returns
Calendar Year Returns (%)
Fund Benchmark
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
2009 29.22 8.88
2008 -22.26 2.48

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

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

Statistics
As of Date 12/31/2017
Net Assets $686 million
# of Holdings 412
Turnover (12/31/2017) 19%
Dividend Frequency Monthly
Holdings Characteristics
(as of 12/31/2017)
Fund
Effective Duration 4.94 yrs.
Years To Worst 6.18 yrs.

Credit Exposure (%)

(as of 12/31/2017)
label value
Aaa/AAA 9.7
Aa/AA 26.0
A 34.3
Baa/BBB 14.2
Ba/BB 3.8
B 2.8
Caa/CCC or lower 0.7
Not Rated 5.1
Cash & Cash Offsets 3.4

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 12/31/2017)
label currentpercentage
Local GO 17.5
State GO 5.9
Prerefunded 6.4
Revenue 66.8
(as of 9/30/2017)
label currentpercentage
Local GO 16.4
State GO 4.9
Prerefunded 7.5
Revenue 67.5
Yields
As of Date 12/31/2017
Distribution Yield at NAV 2.78%
Trailing 12 Month Yield 2.76%
30 Day SEC Yield 2.16%
Unsubsidized 30-Day SEC Yield 2.16%

Top Ten Issuers (%)

(as of 12/31/2017)
label percentageholding
Illinois State, GO 2.43
New York State Dormitory Auth Rev 2.09
Illinois State Finance Auth Rev 2.05
Michigan Finance Auth 1.85
Buckeye, OH, Tobacco Settlement Finance Auth 1.51
Chicago, IL, Transit Auth 1.39
Chicago, IL, Metropolitan Water Reclamation Dist GO 1.33
New Jersey Transportation Trust Fund Auth 1.17
Tennessee Housing Development Agency Rev 1.05
Kirkwood, MO, IDA Retirement Community 1.04
Total Portfolio % 15.91
(as of 9/30/2017)
label percentageholding
New York State Dormitory Auth Rev 2.12
Illinois State Finance Auth Rev 2.07
Michigan Finance Auth 1.88
Buckeye, OH, Tobacco Settlement Finance Auth 1.51
Chicago, IL, Transit Auth 1.43
New Jersey Transportation Trust Fund Auth 1.21
Illinois State, GO 1.18
Tennessee Housing Development Agency Rev 1.10
Kirkwood, MO, IDA Retirement Community 1.08
Chicago, IL, Metropolitan Water Reclamation Dist GO 1.04
Total Portfolio % 14.62

Revenue Sector Exposure (%)

(as of 12/31/2017)
label currentpercentage
Health Care 14.5
Tobacco 3.9
Housing 4.0
Special Tax 9.4
Prt,Airport & Marina 5.9
Industrial Development 3.2
Sports/Convention 0.5
Multiple Utilities 4.7
Sales Tax 3.0
Student Loan 0.1
Lease 6.5
Transportation 5.5
Education 1.6
Sewer & Water 3.9
(as of 9/30/2017)
label currentpercentage
Health Care 14.9
Tobacco 3.8
Housing 3.7
Special Tax 9.6
Prt,Airport & Marina 6.5
Industrial Development 3.2
Sports/Convention 0.0
Multiple Utilities 3.9
Sales Tax 3.1
Student Loan 0.1
Lease 6.4
Transportation 6.6
Education 1.5
Sewer & Water 4.2
Fund Essentials
Inception Date 05/31/2007
Symbol HHMIX
CUSIP 41664L674
Fund Number 1597

Insights

pdf

2018 Outlooks (Schroders) 

Fri Dec 22 14:06:00 EST 2017
Thought leaders from Schroder Investment Management provide their outlook on issues that may influence markets and portfolios going forward.
pdf

1Q 2018 Outlooks (Wellington) 

Thu Dec 21 14:06:00 EST 2017
Thought leaders from Wellington Management provide their outlook on issues that may influence markets and portfolios going forward.
pdf

Hartford Municipal Opportunities Fund Outlook & Commentary  

Sat Sep 30 11:33:00 EDT 2017
Portfolio Manager Brad Libby provides a review of the Fund's 3Q17 performance and outlook.

Literature

Fund Literature

Select All

Fact Sheet

12/31/2017 | pdf
Get FINRA Letter

Max 100

Commentary

09/30/2017 | pdf
Get FINRA Letter

Max 100

Summary Prospectus

03/01/2017 | pdf

Available For
Download Only

Pitchbook

09/30/2017 | pdf

Available For
Download Only

Semi Annual Report

04/30/2017 | pdf

Available For
Download Only

Statutory Prospectus

03/01/2017 | pdf

Available For
Download Only

Annual Report

10/31/2017 | pdf

Available For
Download Only

Fund Story

12/31/2017 | pdf
Get FINRA Letter

Max 50

Flyer

12/31/2017 | pdf

Max 100

SAI

03/01/2017 | pdf

Available For
Download Only

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A WORD ABOUT RISK

 

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund's share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Fixed Income risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall; these risks are currently heightened because interest rates are at, or near, historical lows. 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.

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

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