• Products
  • Insights
  • Practice Management
  • Resources
  • About Us

Tax-Aware 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 209, 209 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.
©2022 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 8/31/2022)
209 PRODUCTS
Muni National Short Category
Based on Risk-Adjusted Returns
MORNINGSTAR RATING:
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 209, 209 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.
©2022 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 8/31/2022)
209 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
7
YRS
MANAGING THIS FUND
12
YRS
AT WELLINGTON MANAGEMENT
26
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
7
YRS
MANAGING THIS FUND
17
YRS
AT WELLINGTON MANAGEMENT
34
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 8/31/2022)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 8/31/2022)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Short Duration I -3.94 -4.22 -0.05 0.93 --- 1.15
Benchmark -3.42 -3.68 0.01 0.81 --- ---
Morningstar Muni National Short Category -2.95 -3.19 -0.11 0.63 --- ---
 
CUMULATIVE %
(as of 6/30/2022)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2022)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Short Duration I -3.95 -4.04 0.28 1.10 --- 1.18
Benchmark -3.25 -3.23 0.34 1.01 --- ---
Morningstar Muni National Short Category -3.00 -3.06 0.13 0.77 --- ---

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 8/31/2022)
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 209, 209 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.
©2022 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.

209 PRODUCTS
|
Muni National Short Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 8/31/2022)
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 209, 209 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.
©2022 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.

209 PRODUCTS
|
Muni National Short Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 8/31/2022)
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 209, 209 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.
©2022 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

Characteristics

FUND ESSENTIALS
Inception Date 05/29/2015
Net Assets $47 million
Gross Operating Expenses 0.83%
Net Operating Expenses 0.46%
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
2.20 yrs 2.33 yrs
Credit Exposure (%)
Aaa/AAA 10
Aa/AA 27
A 31
Baa/BBB 15
Ba/BB 2
B 0
Caa/CCC or lower 0
Not Rated 6
Cash & Cash Offsets 8
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 70
General Obligation Bonds 20
Cash, Cash Offsets & Cash Equivalents 8
Pre-Refunded Debt 2
Other Non-Municipal Bonds 0
Revenue Bonds 71
General Obligation Bonds 21
Cash, Cash Offsets & Cash Equivalents 5
Pre-Refunded Debt 2
Other Non-Municipal Bonds 0
Top Ten Issuers (%)
Massachusetts Dev Finance Agency, Rev 2.47
City of Houston TX 2.33
Fort Bend Independent School Dist. 2.12
State of Illinois, GO 1.86
Sales Tax Securitization Corp., IL Rev 1.82
Metropolitan Transportation Auth, NY, Rev 1.68
City of New York NY 1.67
Central Texas Turnpike System 1.63
Texas Department of Housing & Community Affairs 1.57
North Dakota Housing Finance Agency 1.53
Total Portfolio % 18.68
Massachusetts Dev Finance Agency, Rev 2.87
City of Houston TX 2.42
Fort Bend Independent School Dist. 2.19
State of Illinois, GO 1.93
Sales Tax Securitization Corp., IL Rev 1.88
City of New York NY 1.74
Metropolitan Transportation Auth, NY, Rev 1.74
North Dakota Housing Finance Agency 1.68
Central Texas Turnpike System 1.63
Texas Department of Housing & Community Affairs 1.61
Total Portfolio % 19.69
Yields (%) (as of 8/31/22)
Distribution Yield at NAV
1.40
30-Day SEC Yield
2.07
Unsubsidized 30-Day SEC Yield
1.55
Revenue Sector Exposure (%)
Housing 10
Transportation 10
Health Care 10
Port, Airport and Marina 6
Industrial Development 6
Special Tax 5
Sales Tax 5
Education 5
Multiple Utilities 4
Lease 3
Student Loans 2
Sewer and Water 1
Resource Recovery 1
Tobacco 1
Port Authority 1
Other Tax Exempt Revenue Bonds 0
Sports/Convention 0
Health Care 11
Housing 11
Transportation 10
Industrial Development 6
Special Tax 6
Sales Tax 5
Port, Airport and Marina 5
Education 5
Multiple Utilities 5
Lease 3
Student Loans 2
Sewer and Water 1
Resource Recovery 1
Tobacco 1
Port Authority 1
Other Tax Exempt Revenue Bonds 0
Sports/Convention 0
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
8/31/2022 9.70 $0.0113 $0.0000 $0.0000 $0.0113
7/29/2022 9.82 $0.0105 $0.0000 $0.0000 $0.0105
6/29/2022 9.70 $0.0093 $0.0000 $0.0000 $0.0093
5/31/2022 9.75 $0.0096 $0.0000 $0.0000 $0.0096
4/29/2022 9.69 $0.0078 $0.0000 $0.0000 $0.0078
3/30/2022 9.80 $0.0061 $0.0000 $0.0000 $0.0061
3/1/2022 9.97 $0.0087 $0.0000 $0.0000 $0.0087
2/1/2022 10.02 $0.0068 $0.0000 $0.0000 $0.0068
1/3/2022 10.17 $0.0086 $0.0000 $0.0000 $0.0086
1/3/2022 10.18 $0.0000 $0.0000 $0.0000 $0.0000
12/20/2021 10.17 $0.0000 $0.0000 $0.0000 $0.0000
12/1/2021 10.18 $0.0102 $0.0000 $0.0000 $0.0102
11/1/2021 10.17 $0.0099 $0.0000 $0.0000 $0.0099
10/1/2021 10.20 $0.0108 $0.0000 $0.0000 $0.0108
Past distributions are not indicative of future distributions.

Literature


06/30/2022 - PDF (235 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2022 - PDF (154 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.
06/30/2022 - PDF (393 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) characteristics 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.

227519

The material on this site is for informational and educational purposes only. The material should not be considered tax or legal advice and is not to be relied on as a forecast. The material is also not a recommendation or advice regarding any particular security, strategy or product. Hartford Funds does not represent that any products or strategies discussed are appropriate for any particular investor so investors should seek their own professional advice before investing. Hartford Funds does not serve as a fiduciary. Content is current as of the publication date or date indicated, and may be superseded by subsequent market and economic conditions.

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, or ETF summary prospectus and/or prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA|SIPC. ETFs are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, Lattice, and HFMC, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

© Copyright 2022 Hartford Funds Management Group, Inc. All Rights Reserved. Not FDIC Insured | No Bank Guarantee | May Lose Value