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Tax-Advantaged Bond fund

Hartford Municipal Short Duration Fund    Share Class - I (HMJIX)


MORNINGSTAR RATING:
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 206, 206 and 181 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 8/31/2021)
206 PRODUCTS
Muni National Short 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 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.

Portfolio Management
Managing Director
Fixed-Income Portfolio Manager & Credit Analyst
6
YRS
MANAGING THIS FUND
11
YRS
AT WELLINGTON MANAGEMENT
25
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
6
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 Short Duration Fund Process Video


Brad W. Libby

Managing Director, Fixed-Income Portfolio Manager & Credit Analyst

Brad Libby fund process video

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 8/31/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 8/31/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Short Duration I 1.16 2.32 2.88 1.99 --- 2.04
Benchmark 0.64 1.09 2.61 1.80 --- ---
Morningstar Muni National Short Category 0.57 1.24 2.21 1.50 --- ---
 
CUMULATIVE %
(as of 6/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Short Duration I 0.96 3.23 2.95 2.01 --- 2.06
Benchmark 0.34 1.38 2.60 1.77 --- ---
Morningstar Muni National Short Category 0.39 1.72 2.21 1.47 --- ---

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.

SI = Since Inception. Fund Inception: 05/29/2015

Hartford Municipal Short Duration Fund I Share Morningstar Ratings
overall
(as of 8/31/2021)
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 206, 206 and 181 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.

206 PRODUCTS
|
Muni National Short Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 8/31/2021)
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 206, 206 and 181 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.

206 PRODUCTS
|
Muni National Short Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 8/31/2021)
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 206, 206 and 181 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.

181 PRODUCTS
|
Muni National Short 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 05/29/2015
Net Assets $34 million
Gross Operating Expenses 0.89%
Net Operating Expenses 0.47%
Morningstar Category Muni National Short
Lipper Classification Short Municipal Debt Funds
CUSIP 41664T602
Fund Number 1713
FUND STATS
Dividend Frequency
Monthly
Holdings Characteristics
FUND Bloomberg Municipal Bond Short 1-5 Year Index
Effective Duration
2.33 yrs 2.36 yrs
Credit Exposure (%)
Aaa/AAA 8
Aa/AA 18
A 30
Baa/BBB 21
Ba/BB 6
B 0
Caa/CCC or lower 0
Not Rated 6
Cash & Cash Offsets 9
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 75
General Obligation Bonds 14
Cash, Cash Offsets & Cash Equivalents 9
Pre-Refunded Debt 1
Other Non-Municipal Bonds 0
Revenue Bonds 76
General Obligation Bonds 13
Cash, Cash Offsets & Cash Equivalents 9
Pre-Refunded Debt 1
Other Non-Municipal Bonds 0
Top Ten Issuers (%)
Metropolitan Transportation Auth, NY, Rev 3.55
State of Illinois, GO 3.19
Tennessee Housing Dev Agency 2.29
Sales Tax Securitization Corp., IL 2.22
Massachusetts Dev Finance Agency, Rev 2.17
Chicago, IL, Board of Education, GO 1.93
West Virginia Parkways Auth 1.77
Massachusetts State Dev Finance Agency 1.71
Rhode Island Student Loan Auth 1.66
Minnesota Housing Finance Agency 1.60
Total Portfolio % 22.09
Metropolitan Transportation Auth, NY, Rev 3.73
State of Illinois, GO 3.36
State of Texas 3.08
Tennessee Housing Dev Agency 2.45
Sales Tax Securitization Corp., IL 2.33
Massachusetts Dev Finance Agency, Rev 2.29
Chicago, IL, Board of Education, GO 2.02
West Virginia Parkways Auth 1.86
Rhode Island Student Loan Auth 1.55
New Mexico Mortgage Finance Auth 1.50
Total Portfolio % 24.17
Yields (%) (as of 8/31/21)
Distribution Yield at NAV
1.22
30-Day SEC Yield
0.34
Unsubsidized 30-Day SEC Yield
-0.05
Revenue Sector Exposure (%)
Health Care 15
Housing 11
Transportation 8
Special Tax 7
Port, Airport and Marina 5
Education 5
Industrial Development 5
Sales Tax 4
Lease 4
Student Loans 3
Multiple Utilities 3
Tobacco 3
Sewer and Water 1
Port Authority 1
Other Tax Exempt Revenue Bonds 0
Resource Recovery 0
Sports/Convention 0
Health Care 13
Housing 10
Transportation 9
Special Tax 7
Education 6
Port, Airport and Marina 6
Industrial Development 5
Sales Tax 5
Lease 4
Student Loans 3
Multiple Utilities 3
Tobacco 3
Sewer and Water 1
Port Authority 1
Other Tax Exempt Revenue Bonds 0
Resource Recovery 0
Sports/Convention 0
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
9/1/2021 10.24 $0.0104 $0.0000 $0.0000 $0.0104
8/2/2021 10.27 $0.0108 $0.0000 $0.0000 $0.0108
7/1/2021 10.24 $0.0113 $0.0000 $0.0000 $0.0113
6/1/2021 10.24 $0.0112 $0.0000 $0.0000 $0.0112
5/3/2021 10.24 $0.0128 $0.0000 $0.0000 $0.0128
4/1/2021 10.21 $0.0127 $0.0000 $0.0000 $0.0127
3/1/2021 10.20 $0.0143 $0.0000 $0.0000 $0.0143
2/1/2021 10.26 $0.0150 $0.0000 $0.0000 $0.0150
1/4/2021 10.22 $0.0130 $0.0000 $0.0000 $0.0130
12/18/2020 10.22 $0.0000 $0.0000 $0.0012 $0.0012
12/1/2020 10.18 $0.0136 $0.0000 $0.0000 $0.0136
11/2/2020 10.15 $0.0134 $0.0000 $0.0000 $0.0134
10/1/2020 10.16 $0.0148 $0.0000 $0.0000 $0.0148
Past distributions are not indicative of future distributions.

Literature


07/22/2021 - PDF (237 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2021 - PDF (198 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 (142 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
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 seeks income that is 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.

BLOOMBERG® and any Bloomberg Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the indices (collectively, "Bloomberg") and have been licensed for use for certain purposes by Hartford Funds. Bloomberg is not affiliated with Hartford Funds, and Bloomberg does not approve, endorse, review, or recommend any Hartford Funds product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to Hartford Fund products.

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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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