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Tax-Aware fund

Hartford Municipal Short Duration Fund   

MORNINGSTAR RATING:
Overall, 4 stars, 3-Year, 3 stars, and 5-Year, 4 stars, rated against 211, 211 and 199 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.
©2024 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 1/31/2024)
211 PRODUCTS
Muni National Short Category
Based on Risk-Adjusted Returns
MORNINGSTAR RATING:
Overall, 4 stars, 3-Year, 3 stars, and 5-Year, 4 stars, rated against 211, 211 and 199 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.
©2024 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 1/31/2024)
211 PRODUCTS
Muni National Short Category
Based on Risk-Adjusted Returns

Tax-Aware fund

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

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
8
YRS
MANAGING THIS FUND
14
YRS
AT WELLINGTON MANAGEMENT
28
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
8
YRS
MANAGING THIS FUND
19
YRS
AT WELLINGTON MANAGEMENT
36
YRS
EXPERIENCE IN THIS INDUSTRY
Managing Director and Fixed Income Portfolio Manager
0
YRS
MANAGING THIS FUND
23
YRS
AT WELLINGTON MANAGEMENT
23
YRS
EXPERIENCE IN THIS INDUSTRY

The portfolio managers are supported by the full resources of Wellington.

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 1/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 1/31/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Short Duration I 0.03 2.37 0.06 1.39 --- 1.42
Benchmark -0.18 2.03 0.08 1.27 --- ---
Morningstar Muni National Short Category 0.03 2.62 0.32 1.23 --- ---
 
CUMULATIVE %
(as of 12/31/2023)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 12/31/2023)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Short Duration I 3.72 3.72 0.23 1.50 --- 1.43
Benchmark 3.58 3.58 0.22 1.42 --- ---
Morningstar Muni National Short Category 3.70 3.70 0.40 1.32 --- ---

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 1/31/2024)
Overall, 4 stars, 3-Year, 3 stars, and 5-Year, 4 stars, rated against 211, 211 and 199 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.
©2024 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.

211 PRODUCTS
|
Muni National Short Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 1/31/2024)
Overall, 4 stars, 3-Year, 3 stars, and 5-Year, 4 stars, rated against 211, 211 and 199 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.
©2024 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.

211 PRODUCTS
|
Muni National Short Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 1/31/2024)
Overall, 4 stars, 3-Year, 3 stars, and 5-Year, 4 stars, rated against 211, 211 and 199 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.
©2024 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.

199 PRODUCTS
|
Muni National Short Category
Based on Risk-Adjusted Returns

Characteristics

FUND ESSENTIALS
Inception Date 05/29/2015
Net Assets $40 million
Gross Operating Expenses 0.72%
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
Yield to Worst (%)
3.68% 2.95%
Effective Duration
2.09 yrs 2.26 yrs
Credit Exposure (%)
Aaa/AAA 10
Aa/AA 23
A 47
Baa/BBB 12
Ba/BB 1
B 0
Caa/CCC or lower 0
Not Rated 5
Cash & Cash Offsets 2
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 79
General Obligation Bonds 16
Pre-Refunded Debt 3
Cash, Cash Offsets & Cash Equivalents 2
Other Municipal Bonds 0
Other Non-Municipal Bonds 0
Revenue Bonds 81
General Obligation Bonds 15
Pre-Refunded Debt 1
Cash, Cash Offsets & Cash Equivalents 1
Other Non-Municipal Bonds 0
Other Municipal Bonds 0
Top Ten Issuers (%)
State of Illinois, IL, GO 4.54
Main Street Natural Gas, Inc., GA, Rev 3.58
Public Finance Auth, WI, Rev 3.05
New Mexico Mortgage Finance Auth, NM, Rev 2.81
City of Houston, TX, GO 2.69
Massachusetts Dev Finance Agency, MA, Rev 2.62
Metropolitan Transportation Auth, NY, Rev 2.34
Central Texas Turnpike System, TX, Rev 2.27
Black Belt Energy Gas Dist, AL, Rev 2.12
Texas Department of Housing & Community Affairs, TX, Rev 1.89
Total Portfolio % 27.91
Yields (%) (as of 1/31/24)
Distribution Yield at NAV
1.61
30-Day SEC Yield
2.85
Unsubsidized 30-Day SEC Yield
2.55
Revenue Sector Exposure (%)
Industrial Development 14
Transportation 11
Housing 11
Port, Airport and Marina 9
Health Care 9
Special Tax 6
Education 5
Multiple Utilities 5
Sales Tax 3
Lease 2
Sewer and Water 2
Student Loans 2
Tobacco 1
Port Authority 1
Other Tax Exempt Revenue Bonds 0
Resource Recovery 0
Sports/Convention 0
Industrial Development 12
Housing 11
Transportation 11
Health Care 10
Port, Airport and Marina 9
Sales Tax 6
Special Tax 6
Multiple Utilities 5
Education 5
Lease 2
Student Loans 2
Sewer and Water 1
Tobacco 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
1/29/2024 9.77 $0.0131 $0.0000 $0.0000 $0.0131
12/27/2023 9.81 $0.0300 $0.0000 $0.0000 $0.0300
12/15/2023 9.81 $0.0000 $0.0000 $0.0000 $0.0000
11/29/2023 9.73 $0.0166 $0.0000 $0.0000 $0.0166
10/30/2023 9.55 $0.0156 $0.0000 $0.0000 $0.0156
9/27/2023 9.58 $0.0160 $0.0000 $0.0000 $0.0160
8/29/2023 9.65 $0.0152 $0.0000 $0.0000 $0.0152
7/28/2023 9.69 $0.0145 $0.0000 $0.0000 $0.0145
6/28/2023 9.69 $0.0158 $0.0000 $0.0000 $0.0158
5/30/2023 9.64 $0.0144 $0.0000 $0.0000 $0.0144
4/27/2023 9.70 $0.0150 $0.0000 $0.0000 $0.0150
3/29/2023 9.73 $0.0130 $0.0000 $0.0000 $0.0130
2/27/2023 9.62 $0.0177 $0.0000 $0.0000 $0.0177
Past distributions are not indicative of future distributions.

Literature


12/31/2023 - PDF (176 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
12/31/2023 - PDF (174 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.
12/31/2023 - PDF (412 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.

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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.

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