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

Tax-Aware fund

Hartford Municipal Short Duration Fund   

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
9
YRS
MANAGING THIS FUND
14
YRS
AT WELLINGTON MANAGEMENT
28
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
9
YRS
MANAGING THIS FUND
19
YRS
AT WELLINGTON MANAGEMENT
36
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
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 8/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 8/31/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Short Duration I 2.49 4.92 0.67 1.24 --- 1.59
Benchmark 1.96 4.56 0.66 1.15 --- ---
Morningstar Muni National Short Category 2.26 4.59 0.96 1.19 --- ---
 
CUMULATIVE %
(as of 6/30/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Municipal Short Duration I 0.80 3.29 0.18 1.11 --- 1.44
Benchmark 0.16 2.72 0.16 0.96 --- ---
Morningstar Muni National Short Category 0.88 3.28 0.59 1.07 --- ---

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

Characteristics

FUND ESSENTIALS
Inception Date 05/29/2015
Net Assets $38 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 (%)
3.41% 2.80%
Effective Duration
2.20 yrs 2.22 yrs
Credit Exposure (%)
Aaa/AAA 5
Aa/AA 27
A 47
Baa/BBB 12
Ba/BB 1
B 0
Caa/CCC or lower 0
Not Rated 5
Cash & Cash Offsets 3
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 81
General Obligation Bonds 15
Cash, Cash Offsets & Cash Equivalents 3
Pre-Refunded Debt 0
Other Municipal Bonds 0
Other Non-Municipal Bonds 0
Revenue Bonds 82
General Obligation Bonds 16
Cash, Cash Offsets & Cash Equivalents 2
Pre-Refunded Debt 1
Other Municipal Bonds 0
Other Non-Municipal Bonds 0
Top Ten Issuers (%)
Main Street Natural Gas, Inc., GA, Rev 3.77
State of Illinois, IL, GO 3.58
Black Belt Energy Gas Dist, AL, Rev 3.04
City of Houston, TX, GO 2.81
Public Finance Auth, WI, Rev 2.52
Central Texas Turnpike System, TX, Rev 2.17
Texas Department of Housing & Community Affairs, TX, Rev 1.97
Wisconsin Health & Educational Facs Auth, WI, Rev 1.56
Tennessee Housing Dev Agency, TN, Rev 1.48
Triborough Bridge & Tunnel Auth, NY, Rev 1.46
Total Portfolio % 24.36
Yields (%) (as of 8/31/24)
Distribution Yield at NAV
2.07
30-Day SEC Yield
2.66
Unsubsidized 30-Day SEC Yield
2.38
Revenue Sector Exposure (%)
Industrial Development 15
Port, Airport and Marina 10
Transportation 9
Special Tax 9
Health Care 8
Housing 8
Multiple Utilities 6
Education 6
Lease 3
Sales Tax 3
Sewer and Water 2
Student Loans 2
Port Authority 1
Tobacco 0
Other Tax Exempt Revenue Bonds 0
Resource Recovery 0
Sports/Convention 0
Industrial Development 16
Port, Airport and Marina 11
Transportation 10
Housing 9
Health Care 8
Special Tax 8
Education 6
Multiple Utilities 5
Sales Tax 3
Lease 2
Sewer and Water 2
Student Loans 2
Port Authority 1
Tobacco 0
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
8/27/2024 9.91 $0.0172 $0.0000 $0.0000 $0.0172
7/26/2024 9.84 $0.0169 $0.0000 $0.0000 $0.0169
6/26/2024 9.79 $0.0174 $0.0000 $0.0000 $0.0174
5/29/2024 9.73 $0.0161 $0.0000 $0.0000 $0.0161
4/26/2024 9.75 $0.0172 $0.0000 $0.0000 $0.0172
3/26/2024 9.79 $0.0156 $0.0000 $0.0000 $0.0156
2/27/2024 9.80 $0.0182 $0.0000 $0.0000 $0.0182
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
Past distributions are not indicative of future distributions.

Literature


06/30/2024 - PDF (164 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2024 - PDF (167 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 (160 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
06/30/2024 - PDF (413 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
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.
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. • 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. • 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. • Financially material environmental, social and/or governance (ESG) characteristics are one of several factors that may be considered and as a result, 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 Funds products.

3392680