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 strives to limit the volatility of returns caused by changes in interest rates and provide income that is typically exempt from federal taxes, and long-term total return.
Average Annual Total Returns % (as of 1/31/2021)
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|||||
1YR | 5YR | 10YR | SI | ||
---|---|---|---|---|---|
Hartford Municipal Short Duration I | 2.40 | 2.11 | --- | 2.14 | |
Benchmark | 2.37 | 1.90 | --- | --- | |
Morningstar Muni National Short Category | 1.94 | 1.63 | --- | --- |
Average Annual Total Returns % (as of 12/31/2020)
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|||||
1YR | 5YR | 10YR | SI | ||
---|---|---|---|---|---|
Hartford Municipal Short Duration I | 2.71 | 2.12 | --- | 2.07 | |
Benchmark | 2.82 | 1.98 | --- | --- | |
Morningstar Muni National Short Category | 2.28 | 1.67 | --- | --- |
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.
CharacteristicsAllocations, exposures and holdings are subject to change. Percentages may be rounded.
As of Date | 1/31/2021 |
Net Assets | $28 million |
Dividend Frequency | Monthly |
Fund | Bloomberg Barclays Municipal Bond Short 1-5 Year Indextest | |
---|---|---|
Effective Duration | 2.40 yrs | 2.42 yrs |
Revenue Sector Exposure (%)
label | currentpercentage |
---|---|
Health Care | 14 |
Industrial Development | 7 |
Port, Airport and Marina | 7 |
Special Tax | 7 |
Education | 6 |
Housing | 6 |
Transportation | 6 |
Lease | 6 |
Sales Tax | 5 |
Sewer and Water | 5 |
Multiple Utilities | 3 |
Tobacco | 3 |
Student Loans | 2 |
Port Authority | 1 |
Other Tax Exempt Revenue Bonds | 0 |
Resource Recovery | 0 |
Sports/Convention | 0 |
label | currentpercentage |
---|---|
Health Care | 14 |
Industrial Development | 5 |
Port, Airport and Marina | 7 |
Special Tax | 7 |
Education | 6 |
Housing | 6 |
Transportation | 6 |
Lease | 5 |
Sales Tax | 6 |
Sewer and Water | 5 |
Multiple Utilities | 3 |
Tobacco | 3 |
Student Loans | 2 |
Port Authority | 1 |
Other Tax Exempt Revenue Bonds | 0 |
Resource Recovery | 0 |
Sports/Convention | 0 |
Inception Date | 05/29/2015 |
Symbol | HMJIX |
CUSIP | 41664T602 |
Fund Number | 1713 |
As of Date | 1/31/2021 |
Distribution Yield at NAV | 1.76% |
30 Day SEC Yield | 0.53% |
Unsubsidized 30-Day SEC Yield | 0.18% |
Top Ten Issuers (%)
label | percentageholding |
---|---|
Metropolitan Transportation Auth, NY, Rev | 4.42 |
State of Texas | 3.68 |
New York City Water & Sewer System | 3.60 |
Sales Tax Securitization Corp., IL | 2.76 |
Massachusetts Dev Finance Agency, Rev | 2.72 |
State of Illinois, GO | 2.18 |
Kendall Kane & Will Counties, IL, Unified School Dist, GO | 1.87 |
New Mexico Mortgage Finance Auth | 1.87 |
Metropolitan Pier & Exposition Auth, IL | 1.82 |
Regional Transportation Dist. | 1.63 |
Total Portfolio % | 26.55 |
label | percentageholding |
---|---|
State of Texas | 3.84 |
New York City Water & Sewer System | 3.74 |
Metropolitan Transportation Auth, NY, Rev | 3.20 |
Sales Tax Securitization Corp., IL | 2.85 |
Massachusetts Dev Finance Agency, Rev | 2.82 |
State of Illinois, GO | 2.25 |
New Mexico Mortgage Finance Auth | 1.99 |
Kendall Kane & Will Counties, IL, Unified School Dist, GO | 1.95 |
Metropolitan Pier & Exposition Auth, IL | 1.88 |
Regional Transportation Dist. | 1.69 |
Total Portfolio % | 26.21 |
Credit Exposure (%)
label | value |
---|---|
Aaa/AAA | 5 |
Aa/AA | 17 |
A | 32 |
Baa/BBB | 25 |
Ba/BB | 7 |
B | 0 |
Caa/CCC or lower | 0 |
Not Rated | 11 |
Cash & Cash Offsets | 2 |
Municipal Sector Exposure (%)
label | currentpercentage |
---|---|
Revenue Bonds | 79 |
General Obligation Bonds | 12 |
Cash, Cash Offsets & Cash Equivalents | 6 |
Pre-Refunded Debt | 2 |
Other Non-Municipal Bonds | 0 |
label | currentpercentage |
---|---|
Revenue Bonds | 77 |
General Obligation Bonds | 13 |
Cash, Cash Offsets & Cash Equivalents | 8 |
Pre-Refunded Debt | 2 |
Other Non-Municipal Bonds | 0 |

Managing Risk in Your Fixed-Income Portfolio
03/01/2021
Are You Prepared For Duration Risk?
02/01/2021.jpg/_jcr_content/renditions/cq5dam.thumbnail.540.360.margin.jpeg)
2021 Outlooks (Wellington)
12/14/2020Financial Professionals:
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Fund LiteratureSelect All
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Fact Sheet12/31/2020 | pdfThis Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance. |
Commentary12/31/2020 | pdfCurrent quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund. |
Summary ProspectuspdfA concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.
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Wellington Fixed Income Overview12/31/2020 | pdfThis module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
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Hartford Municipal Suite12/31/2020 | 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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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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