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Tax-Advantaged Bond fund

Hartford Municipal Opportunities Fund    Share Class - I (HHMIX)


MORNINGSTAR RATING:
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 254, 254, 223 and 164 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.
©2021 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 6/30/2021)
254 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 6/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Opportunities I 1.76 5.36 5.12 3.32 4.70 3.33
Benchmark 0.57 3.08 4.45 2.82 3.52 ---
Morningstar Muni National Intermediate Category 1.33 4.61 4.51 2.72 3.64 ---
 
CUMULATIVE %
(as of 6/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Opportunities I 1.76 5.36 5.12 3.32 4.70 3.33
Benchmark 0.57 3.08 4.45 2.82 3.52 ---
Morningstar Muni National Intermediate Category 1.33 4.61 4.51 2.72 3.64 ---

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 6/30/2021)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 254, 254, 223 and 164 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.
©2021 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.

254 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 6/30/2021)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 254, 254, 223 and 164 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.
©2021 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.

254 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 6/30/2021)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 254, 254, 223 and 164 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.
©2021 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.

223 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
10 YEAR
(as of 6/30/2021)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 254, 254, 223 and 164 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.
©2021 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.

164 PRODUCTS
|
Muni National Interm Category
Based on Risk-Adjusted Returns
Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

Characteristics

FUND ESSENTIALS
Inception Date 05/31/2007
Net Assets $1.7 billion
Total Operating Expenses 0.44%
Morningstar Category Muni National Interm
Lipper Classification Intermediate Municipal Debt Funds
CUSIP 41664L674
Fund Number 1597
FUND STATS
Dividend Frequency
Monthly
# of Holdings
738
Holdings Characteristics
Effective Duration
5.03 yrs
Credit Exposure (%)
Aaa/AAA 10
Aa/AA 27
A 34
Baa/BBB 14
Ba/BB 4
B 0
Caa/CCC or lower 0
Not Rated 8
Cash & Cash Offsets 3
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 74
General Obligation Bonds 20
Cash, Cash Offsets & Cash Equivalents 3
Pre-Refunded Debt 2
Other Non-Municipal Bonds 0
Revenue Bonds 72
General Obligation Bonds 21
Cash, Cash Offsets & Cash Equivalents 4
Pre-Refunded Debt 2
Other Non-Municipal Bonds 0
Top Ten Issuers (%)
State of Illinois, GO 3.69
Metropolitan Transportation Auth, NY, Rev 2.59
New York State Dormitory Auth Rev 1.75
Chicago, IL, Board of Education, GO 1.68
Wisconsin Health & Educational Facs Auth Rev 1.62
New York City Transitional Finance Auth, Future Tax Secured Rev 1.53
Illinois State Finance Auth Rev 1.52
Buckeye, OH, Tobacco Settlement Finance Auth 1.43
State of Texas, GO 1.30
California State, GO Taxable 1.27
Total Portfolio % 18.38
State of Illinois, GO 3.68
Metropolitan Transportation Auth, NY, Rev 2.67
New York State Dormitory Auth Rev 1.92
Chicago, IL, Board of Education, GO 1.68
Illinois State Finance Auth Rev 1.58
State of California, GO 1.54
Buckeye, OH, Tobacco Settlement Finance Auth 1.46
State of Texas, GO 1.41
City of New York, NY 1.39
Chicago, IL, Transit Auth 1.23
Total Portfolio % 18.56
Yields (%) (as of 6/30/21)
Distribution Yield at NAV
1.91
30-Day SEC Yield
0.79
Unsubsidized 30-Day SEC Yield
0.79
Revenue Sector Exposure (%)
Health Care 12
Port, Airport and Marina 9
Special Tax 8
Housing 8
Transportation 7
Multiple Utilities 6
Industrial Development 5
Sales Tax 5
Lease 4
Education 4
Tobacco 3
Sewer and Water 2
Student Loans 1
Port Authority 1
Sports/Convention 0
Other Tax Exempt Revenue Bonds 0
Resource Recovery 0
Health Care 12
Port, Airport and Marina 9
Special Tax 9
Transportation 7
Housing 6
Multiple Utilities 6
Sales Tax 6
Industrial Development 5
Lease 3
Tobacco 3
Education 2
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
6/1/2021 9.15 $0.0143 $0.0000 $0.0000 $0.0143
5/3/2021 9.12 $0.0149 $0.0000 $0.0000 $0.0149
4/1/2021 9.05 $0.0151 $0.0000 $0.0000 $0.0151
3/1/2021 9.02 $0.0156 $0.0000 $0.0000 $0.0156
2/1/2021 9.16 $0.0146 $0.0000 $0.0000 $0.0146
1/4/2021 9.10 $0.0147 $0.0000 $0.0000 $0.0147
12/18/2020 9.09 $0.0000 $0.0000 $0.0000 $0.0000
12/1/2020 9.04 $0.0152 $0.0000 $0.0000 $0.0152
11/2/2020 8.94 $0.0152 $0.0000 $0.0000 $0.0152
10/1/2020 8.96 $0.0161 $0.0000 $0.0000 $0.0161
9/1/2020 8.99 $0.0156 $0.0000 $0.0000 $0.0156
8/3/2020 0.00 $0.0158 $0.0000 $0.0000 $0.0158
7/1/2020 0.00 $0.0164 $0.0000 $0.0000 $0.0164
Past distributions are not indicative of future distributions.

Fund Literature


07/22/2021 - PDF (205 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2021 - PDF (626 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
06/30/2021 - PDF (582 KB)
Hartford Municipal Opportunities Bond Fund Flyer
06/30/2021 - PDF (233 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
07/30/2021 - PDF (904 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.
06/30/2021 - PDF (391 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
06/30/2021 - PDF (485 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.
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® 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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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, ETF or closed-end interval fund prospectus or summary prospectus, which can be obtained from a financial professional and should be read carefully before investing.

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