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Hartford Municipal Short Duration Fund

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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.

More About Municipal Short Duration Fund 

Performance

Performance (%)
% (as of 6/30/2018)
Average Annual Total Returns % (as of 6/30/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Short Duration  I 0.59 0.86 1.26 --- --- 1.21
Benchmark 0.77 0.60 1.09 --- --- ---
Morningstar Muni National Short Category 0.40 0.64 0.91 --- --- ---
Performance (%)
% (as of 6/30/2018)
Average Annual Total Returns % (as of 6/30/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Short Duration  I 0.59 0.86 1.26 --- --- 1.21
Benchmark 0.77 0.60 1.09 --- --- ---
Morningstar Muni National Short Category 0.40 0.64 0.91 --- --- ---
SI = Since Inception. Fund Inception: 05/29/2015
Operating Expenses:   Net  0.45% |  Gross  0.88%

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.

Characteristics Holdings are subject to change. Percentages may be rounded.

Statistics
As of Date 6/30/2018
Net Assets $18 million
Dividend Frequency Monthly
Holdings Characteristics
(as of 6/30/2018)
Fund
Effective Duration 2.44 yrs.
Years To Worst 2.69 yrs.

Revenue Sector Exposure (%)

(as of 6/30/2018)
label currentpercentage
Health Care 15.5
Housing 9.5
Prt,Airport & Marina 10.3
Tobacco 6.8
Special Tax 8.2
Industrial Development 3.1
Sales Tax 2.5
Student Loan 0.7
Lease 5.5
Multiple Utilities 4.4
Transportation 4.4
Sewer & Water 3.3
Education 0.6
(as of 3/31/2018)
label currentpercentage
Health Care 16.7
Housing 7.9
Prt,Airport & Marina 9.7
Tobacco 7.6
Special Tax 8.1
Industrial Development 3.1
Sales Tax 1.6
Student Loan 0.7
Lease 5.1
Multiple Utilities 4.3
Transportation 4.3
Sewer & Water 4.1
Education 0.5
Fund Essentials
Inception Date 05/29/2015
Symbol HMJIX
CUSIP 41664T602
Fund Number 1713

Top Ten Issuers (%)

(as of 6/30/2018)
label percentageholding
Illinois State, GO 3.73
Tennessee Housing Development Agency Rev 3.08
Michigan Finance Auth 2.51
Illinois State Finance Auth Rev 2.46
Clear Creek ISD GO, TX 1.84
North Dakota Housing Finance Agency 1.69
Chicago, IL, Transit Auth 1.68
New Orleans, LA, Aviation Board 1.58
New Jersey Educational Facs Auth Rev 1.53
South Dakota State Educational Enhancement Funding Corp. 1.47
Total Portfolio % 21.57
(as of 3/31/2018)
label percentageholding
Illinois State, GO 3.63
Tennessee Housing Development Agency Rev 3.11
Illinois State Finance Auth Rev 2.60
Michigan Finance Auth 2.47
California County Tobacco Securitization Agency 2.12
Clear Creek ISD GO 1.79
North Dakota Housing Finance Agency 1.65
Railsplitter, IL, Tobacco Settlement Auth 1.65
Chicago, IL, Transit Auth 1.64
New Orleans, LA, Aviation Board 1.55
Total Portfolio % 22.21

Credit Exposure (%)

(as of 6/30/2018)
label value
Aaa/AAA 8.7
Aa/AA 16.5
A 43.5
Baa/BBB 17.4
Ba/BB 5.2
B 0.6
Caa/CCC or lower 0.3
Not Rated 5.0
Cash & Cash Offsets 2.8

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 (%)

(as of 6/30/2018)
label currentpercentage
Local GO 15.2
State GO 4.1
Prerefunded 3.1
Revenue 74.8
(as of 3/31/2018)
label currentpercentage
Local GO 13.4
State GO 4.0
Prerefunded 3.5
Revenue 73.6

Insights

pdf

Client Conversations: Duration Risk Is Rising: Are You Prepared? 

Wed Jul 18 15:13:00 EDT 2018
Rising interest rates may have a significant effect on fixed-income investments.
pdf

Shelter From the Storm 

Wed Jul 18 12:42:00 EDT 2018
A fixed-income forecast for a rising-rate world.
pdf

How a Rate Rise Reminds Us Why We Invest in Fixed Income 

Tue Jul 17 12:42:00 EDT 2018
Like death and taxes, the reasons to allocate to fixed income should never go away...even in the face of rising interest rates.

Literature

Fund Literature

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Fact Sheet

06/30/2018 | pdf
Get FINRA Letter

Max 100

Commentary

03/31/2018 | pdf
Get FINRA Letter

Max 100

Summary Prospectus

03/01/2018 | pdf

Available For
Download Only

Pitchbook

03/31/2018 | pdf

Available For
Download Only

Semi Annual Report

04/30/2017 | pdf

Available For
Download Only

Statutory Prospectus

03/01/2018 | pdf

Available For
Download Only

Annual Report

10/31/2017 | pdf

Available For
Download Only

SAI

03/01/2017 | pdf

Available For
Download Only

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A WORD ABOUT RISK

Investing involves risk, including the possible loss of principal. There is no guarantee a fund will achieve its stated objective. 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.Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.Municipal securities may be adversely impacted by state/local, political, economic, or market conditions. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable.

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