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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 12/31/2018)
Average Annual Total Returns % (as of 12/31/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Short Duration  I 1.63 1.63 1.25 --- --- 1.33
Benchmark 1.77 1.77 1.15 --- --- ---
Morningstar Muni National Short Category 1.15 1.15 0.92 --- --- ---
Performance (%)
% (as of 12/31/2018)
Average Annual Total Returns % (as of 12/31/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Short Duration  I 1.63 1.63 1.25 --- --- 1.33
Benchmark 1.77 1.77 1.15 --- --- ---
Morningstar Muni National Short Category 1.15 1.15 0.92 --- --- ---
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 12/31/2018
Net Assets $31 million
Dividend Frequency Monthly
Holdings Characteristics
(as of 12/31/2018)
Fund
Effective Duration 2.47 yrs

Revenue Sector Exposure (%)

(as of 12/31/2018)
label currentpercentage
Lease 14
Health Care 11
Port, Airport and Marina 9
Housing 7
Special Tax 7
Tobacco 5
Education 5
Industrial Development 4
Multiple Utilities 3
Transportation 3
Sales Tax 2
Sewer and Water 2
Port Authority 1
Student Loans 0
Other Tax Exempt Revenue Bonds 0
Resource Recovery 0
Sports/Convention 0
(as of 9/30/2018)
label currentpercentage
Lease 5
Health Care 15
Port, Airport and Marina 11
Housing 10
Special Tax 7
Tobacco 7
Education 1
Industrial Development 4
Multiple Utilities 4
Transportation 4
Sales Tax 2
Sewer and Water 4
Port Authority 1
Student Loans 1
Other Tax Exempt Revenue Bonds 0
Resource Recovery 0
Sports/Convention 0
Fund Essentials
Inception Date 05/29/2015
Symbol HMJIX
CUSIP 41664T602
Fund Number 1713

Top Ten Issuers (%)

(as of 12/31/2018)
label percentageholding
Rhode Island Health & Educational Building Corp. 3.73
Missouri Dev. Finance Board 3.54
Univ. of Texas System/The 2.11
Illinois State, GO 1.96
New York City Transitional Finance Auth. Future Tax Secured Rev. 1.80
Tennessee Housing Development Agency 1.77
Michigan Finance Auth 1.53
Illinois State Finance Auth Rev 1.50
Clear Creek ISD, GO, TX 1.13
Metropolitan Pier & Exposition Auth, IL 1.12
Total Portfolio % 20.19
(as of 9/30/2018)
label percentageholding
Illinois State, GO 3.08
Tennessee Housing Development Agency Rev 2.93
Michigan Finance Auth 2.42
Illinois State Finance Auth Rev 2.37
Clear Creek ISD GO, TX 1.78
Chicago, IL, Transit Auth 1.62
North Dakota Housing Finance Agency 1.55
New Orleans, LA, Aviation Board 1.52
New Jersey Educational Facs Auth Rev 1.48
South Dakota State Educational Enhancement Funding Corp. 1.42
Total Portfolio % 20.17

Credit Exposure (%)

(as of 12/31/2018)
label value
Aaa/AAA 14
Aa/AA 21
A 37
Baa/BBB 16
Ba/BB 3
B 1
Caa/CCC or lower 0
Not Rated 3
Cash & Cash Offsets 6
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 12/31/2018)
label currentpercentage
Revenue Bonds 75
General Obligation Bonds 15
Cash, Cash Offsets & Cash Equivalents 6
Pre-Refunded Debt 4
US TIPS 0
(as of 9/30/2018)
label currentpercentage
Revenue Bonds 77
General Obligation Bonds 17
Cash, Cash Offsets & Cash Equivalents 2
Pre-Refunded Debt 5
US TIPS 0

Insights

pdf

2019 Outlooks (Wellington) 

Fri Dec 21 14:06:00 EST 2018
Thought leaders from Wellington Management provide their outlook on issues that may influence markets and portfolios going forward.
pdf

2019 Outlooks (Schroders) 

Fri Dec 21 14:06:00 EST 2018
Thought leaders from Schroder Investment Management provide their outlook on issues that will influence markets and portfolios going forward.
pdf

Being Active in Fixed Income 

Thu Nov 29 12:42:00 EST 2018
You shouldn’t simply go through the motions at the gym—or with your fixed-income portfolio.

Literature

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pdf

Fact Sheet

12/31/2018 | pdf

This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.

View FINRA Letter

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Commentary

09/30/2018 | pdf

Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.

View FINRA Letter

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Summary Prospectus

03/01/2018 | pdf

A concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.

Pitchbook

12/31/2018 | pdf

This Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.

Semi Annual Report

04/30/2018 | pdf

A semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

Statutory Prospectus

03/01/2018 | pdf

An annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.

Annual Report

10/31/2018 | pdf

An annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

SAI

03/01/2018 | pdf

A supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.  

Important Risks: 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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