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.
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Average Annual Total Returns % (as of 5/31/2020)
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| 1YR | 5YR | 10YR | SI | ||
|---|---|---|---|---|---|
| Hartford Municipal Short Duration I | 1.14 | 1.65 | --- | 1.65 | |
| Benchmark | 3.20 | 1.93 | --- | --- | |
| Morningstar Muni National Short Category | 1.82 | 1.44 | --- | --- | |
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Average Annual Total Returns % (as of 3/31/2020)
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|||||
| 1YR | 5YR | 10YR | SI | ||
|---|---|---|---|---|---|
| Hartford Municipal Short Duration I | 0.95 | --- | --- | 1.49 | |
| Benchmark | 1.88 | --- | --- | --- | |
| Morningstar Muni National Short Category | 1.28 | --- | --- | --- | |
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.
(as of 5/31/2020)
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Overall
:
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 182, 182 and 166 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.
©2020 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.:
- 182 Products | Muni National Short Category
CharacteristicsAllocations, exposures and holdings are subject to change. Percentages may be rounded.
| As of Date | 5/31/2020 |
| Net Assets | $24 million |
| Dividend Frequency | Monthly |
| Fund | |
|---|---|
| Effective Duration | 2.59 yrs |
Revenue Sector Exposure (%)
| label | currentpercentage |
|---|---|
| Health Care | 15 |
| Port, Airport and Marina | 8 |
| Housing | 7 |
| Industrial Development | 7 |
| Sales Tax | 6 |
| Tobacco | 6 |
| Transportation | 5 |
| Multiple Utilities | 5 |
| Lease | 5 |
| Education | 5 |
| Special Tax | 4 |
| Sewer and Water | 2 |
| Student Loans | 2 |
| Port Authority | 1 |
| Other Tax Exempt Revenue Bonds | 0 |
| Resource Recovery | 0 |
| Sports/Convention | 0 |
| label | currentpercentage |
|---|---|
| Health Care | 16 |
| Port, Airport and Marina | 8 |
| Housing | 7 |
| Industrial Development | 6 |
| Sales Tax | 7 |
| Tobacco | 6 |
| Transportation | 6 |
| Multiple Utilities | 7 |
| Lease | 5 |
| Education | 5 |
| Special Tax | 3 |
| Sewer and Water | 2 |
| 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 | 5/31/2020 |
| Distribution Yield at NAV | 1.84% |
| 30 Day SEC Yield | 1.72% |
| Unsubsidized 30-Day SEC Yield | 1.37% |
Top Ten Issuers (%)
| label | percentageholding |
|---|---|
| Massachusetts Dev Finance Agency | 3.09 |
| Sales Tax Securitization Corp., IL | 3.06 |
| State of Illinois, GO | 2.41 |
| New Mexico Mortgage Finance Auth | 2.35 |
| Metropolitan Transportation Auth, NY, Rev | 2.19 |
| Tennessee Energy Acquisition Corp. | 1.97 |
| Municipal Electric Auth, GA | 1.86 |
| Chicago, IL, Board of Education, GO | 1.80 |
| Public Finance Auth, WI | 1.75 |
| State of Alabama, Troy University | 1.73 |
| Total Portfolio % | 22.21 |
| label | percentageholding |
|---|---|
| State of Illinois, GO | 3.41 |
| Massachusetts Dev Finance Agency | 3.07 |
| Sales Tax Securitization Corp., IL | 3.00 |
| New Mexico Mortgage Finance Auth | 2.32 |
| Metropolitan Transportation Auth, NY, Rev | 2.28 |
| Tennessee Energy Acquisition Corp. | 1.88 |
| Municipal Electric Auth, GA | 1.82 |
| Chicago, IL, Board of Education, GO | 1.76 |
| Tennessee Housing Dev Agency | 1.74 |
| State of Alabama, Troy University | 1.68 |
| Total Portfolio % | 22.96 |
Credit Exposure (%)
| label | value |
|---|---|
| Aaa/AAA | 5 |
| Aa/AA | 13 |
| A | 43 |
| Baa/BBB | 20 |
| Ba/BB | 6 |
| B | 0 |
| Caa/CCC or lower | 0 |
| Not Rated | 6 |
| Cash & Cash Offsets | 6 |
Municipal Sector Exposure (%)
| label | currentpercentage |
|---|---|
| Revenue Bonds | 78 |
| General Obligation Bonds | 13 |
| Cash, Cash Offsets & Cash Equivalents | 7 |
| Pre-Refunded Debt | 2 |
| Other Non-Municipal Bonds | 0 |
| label | currentpercentage |
|---|---|
| Revenue Bonds | 81 |
| General Obligation Bonds | 15 |
| Cash, Cash Offsets & Cash Equivalents | 3 |
| Pre-Refunded Debt | 1 |
| Other Non-Municipal Bonds | 0 |
Munis: Worth the Risks (If You Know Where to Look)
06/08/2020
Are You Prepared For Duration Risk?
05/12/2020Financial Professionals:
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Fact Sheet03/31/2020 | pdfThis Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance. |
Commentary03/31/2020 | pdfCurrent quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund. |
Summary Prospectus02/28/2020 | pdfA concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.
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Hartford Municipal Suite03/31/2020 | pdfThis Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.
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Semi Annual Report12/02/2019 | pdfA semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
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Statutory Prospectus02/28/2020 | pdfAn annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.
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Annual Report10/31/2019 | pdfAn annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
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SAI02/28/2020 | pdfA 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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