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.
Average Annual Total Returns % (as of 12/31/2020)
|
|||||
1YR | 5YR | 10YR | SI | ||
---|---|---|---|---|---|
Hartford Municipal Opportunities I | 4.64 | 3.86 | 4.80 | 3.32 | |
Benchmark | 4.73 | 3.39 | 3.84 | --- | |
Morningstar Muni National Intermediate Category | 4.51 | 3.23 | 3.89 | --- |
Average Annual Total Returns % (as of 12/31/2020)
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|||||
1YR | 5YR | 10YR | SI | ||
---|---|---|---|---|---|
Hartford Municipal Opportunities I | 4.64 | 3.86 | 4.80 | 3.32 | |
Benchmark | 4.73 | 3.39 | 3.84 | --- | |
Morningstar Muni National Intermediate Category | 4.51 | 3.23 | 3.89 | --- |
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 11/30/2020)
Fund | Benchmark | |
---|---|---|
2020 | 4.64 | 4.73 |
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 |
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.
As of Date | 11/30/2020 |
Net Assets | $1.5 billion |
# of Holdings | 686 |
Turnover (9/30/2020) | 27% |
Dividend Frequency | Monthly |
Fund | |
---|---|
Effective Duration | 4.69 yrs |
Credit Exposure (%)
label | value |
---|---|
Aaa/AAA | 8 |
Aa/AA | 28 |
A | 35 |
Baa/BBB | 10 |
Ba/BB | 3 |
B | 0 |
Caa/CCC or lower | 0 |
Not Rated | 7 |
Cash & Cash Offsets | 7 |
Municipal Sector Exposure (%)
label | currentpercentage |
---|---|
Revenue Bonds | 70 |
General Obligation Bonds | 20 |
Cash, Cash Offsets & Cash Equivalents | 7 |
Pre-Refunded Debt | 2 |
Other Non-Municipal Bonds | 0 |
label | currentpercentage |
---|---|
Revenue Bonds | 75 |
General Obligation Bonds | 21 |
Cash, Cash Offsets & Cash Equivalents | 1 |
Pre-Refunded Debt | 2 |
Other Non-Municipal Bonds | 0 |
As of Date | 12/31/2020 |
Distribution Yield at NAV | 1.94% |
30 Day SEC Yield | 1.03% |
Unsubsidized 30-Day SEC Yield | 1.03% |
Top Ten Issuers (%)
label | percentageholding |
---|---|
State of Illinois, GO | 2.25 |
New York State Dormitory Auth Rev | 2.09 |
Illinois State Finance Auth Rev | 1.70 |
Buckeye, OH, Tobacco Settlement Finance Auth | 1.57 |
State of Texas, GO | 1.57 |
California State, GO Taxable | 1.49 |
Chicago, IL, Transit Auth | 1.31 |
Metropolitan Transportation Auth, NY, Rev | 1.14 |
Burke County, GA, Dev Auth Rev | 1.13 |
Lower Alabama Gas Dist | 1.10 |
Total Portfolio % | 15.35 |
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 |
Revenue Sector Exposure (%)
label | currentpercentage |
---|---|
Health Care | 13 |
Port, Airport and Marina | 10 |
Special Tax | 8 |
Housing | 6 |
Multiple Utilities | 6 |
Transportation | 6 |
Sales Tax | 6 |
Industrial Development | 5 |
Lease | 3 |
Tobacco | 3 |
Education | 3 |
Sewer and Water | 2 |
Student Loans | 1 |
Port Authority | 1 |
Sports/Convention | 0 |
Other Tax Exempt Revenue Bonds | 0 |
Resource Recovery | 0 |
label | currentpercentage |
---|---|
Health Care | 14 |
Port, Airport and Marina | 9 |
Special Tax | 8 |
Housing | 6 |
Multiple Utilities | 6 |
Transportation | 6 |
Sales Tax | 6 |
Industrial Development | 5 |
Lease | 4 |
Tobacco | 3 |
Education | 3 |
Sewer and Water | 2 |
Student Loans | 1 |
Port Authority | 1 |
Sports/Convention | 0 |
Other Tax Exempt Revenue Bonds | 0 |
Resource Recovery | 0 |
Inception Date | 05/31/2007 |
Symbol | HHMIX |
CUSIP | 41664L674 |
Fund Number | 1597 |
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2021 Outlooks (Wellington)
12/14/2020
Fundamentals, Elections, and Other Top-of-Mind Issues for Muni Bond Investors
09/28/2020Financial Professionals:
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Fund LiteratureSelect All
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Fact Sheet09/30/2020 | pdfThis Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance. |
Fund Story09/30/2020 | pdfThis Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
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Commentary09/30/2020 | pdfCurrent quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund. |
Expanded Commentary09/30/2020 | pdfCurrent 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 ProspectuspdfA concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.
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Wellington Fixed Income Overview09/30/2020 | pdfThis module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
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Municipal Opportunities Fund Pitchbook09/30/2020 | pdfThis Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.
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Semi Annual ReportpdfA semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
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Statutory ProspectuspdfAn annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.
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Annual ReportpdfAn annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
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SAIpdfA supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.
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Diversification does not ensure a profit or protect against a loss in a declining market.
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