Effective 11/6/19, the Hartford Multifactor Diversified International Equity ETF changed its principal investment strategy and custom underlying index. See the Fund’s prospectus for more information.
Objective
Hartford Multifactor Diversified International ETF ("RODE") seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of companies located in both developed and emerging markets.
Overview
Designed to provide equity exposure to developed market (excluding the US) and emerging markets with potentially less volatility over a complete market cycle than traditional capitalization-weighted indices.
Our systematic, rules-based index methodology is designed to simultaneously address risks while seeking exposures to return-enhancing factors:
Set Risk Parameters
Seek to improve diversification versus a cap-weighted benchmark by reducing concentration at the country, sector, and individual company levels
Select Securities
Seek companies with a favorable combination of low valuation (50%), high momentum (30%), and high quality (20%) investment factors
Reconstitute and Rebalance
Reapply the investment process twice a year in March and September to ensure the portfolio stays true to the rules-based index methodology
Performance
SI = Since Inception. Fund Inception: 05/10/2017
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.
Effective 11/6/19, the Fund's custom underlying index changed from the Hartford Multifactor Low Volatility International Equity Index ("Low Volatility International Index") to Hartford Multifactor Diversified International Index ("Diversified International Index"). The Hartford Multifactor Diversified International Spliced Index reflects the performance of the Low Volatility International Index through 11/6/19 and the performance of the Diversified International Index thereafter. The Fund’s performance and historical returns shown for the periods prior to 11/6/19 are not necessarily indicative of the performance that the Fund would have generated based on its current custom underlying index.
ETF shares are bought and sold at market price, not net asset value (NAV). Total returns are calculated using the daily 4:00 p.m. Eastern Time NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns an investor would receive if they traded shares at other times. Brokerage commissions apply and will reduce returns.
1 Index "inception" return is based on the fund's inception date.
Characteristics
ETF | MSCI ACWI ex USA Index | |
---|---|---|
Price/Earnings | 9.8x | 14.5x |
Price/Book | 1.2x | 1.9x |
Price/Earnings | 9.8x | 15.9x |
Return on Equity | 15.6% | 16.3% |
Nominal Companies | 312 | 2023 |
Effective Companies | 193 | 295 |
Nominal Countries | 34 | 46 |
Effective Countries | 17 | 15 |
Debt to Equity | 87.5% | 105.8% |
ETF | MSCI ACWI ex USA Index | |
---|---|---|
Less than $2B | 2 | 0 |
$2B - $10B | 33 | 11 |
$10B - $100B | 52 | 59 |
Greater than $100B | 14 | 29 |
Ticker | RODE |
CUSIP | 518416607 |
IOPV TICKER | RODE.IV |
Stock Exchange | Cboe BZX Exchange, Inc. |
Close | $29.09 |
Change | $-0.26 |
Change % | -0.88% |
Net Asset Value(NAV) | $29.08 |
NAV Change | $-0.19 |
NAV Change % | -0.66% |
Premium/Discount | 0.03% |
30 Day Median Bid/Ask Spread |
0.35% |
JB HI FI LTD COMMON STOCK | 1.25 |
AGRICULTURAL BANK OF CHINA H COMMON STOCK CNY1.0 | 1.11 |
CHINA CONSTRUCTION BANK H COMMON STOCK CNY1.0 | 1.07 |
IND + COMM BK OF CHINA H COMMON STOCK CNY1.0 | 1.04 |
FAIRFAX FINANCIAL HLDGS LTD COMMON STOCK | 1.02 |
KONINKLIJKE AHOLD DELHAIZE N COMMON STOCK EUR.01 | 0.97 |
HON HAI PRECISION INDUSTRY COMMON STOCK TWD10.0 | 0.96 |
HSBC HOLDINGS PLC COMMON STOCK USD.5 | 0.95 |
RADIANT OPTO ELECTRONICS COR COMMON STOCK TWD10.0 | 0.93 |
BANK LEUMI LE ISRAEL COMMON STOCK ILS.1 | 0.90 |
Total of Top Ten Holdings % | 10.2 |
ETF |
REFERENCE INDEX | UNDERWEIGHT / OVERWEIGHT | |||||
---|---|---|---|---|---|---|---|
9/30/24 | 10/31/24 | 10/31/24 | -3 0 3 | ||||
Financials | 24 | 25 | 23 | ||||
Health Care | 11 | 11 | 9 | ||||
Communication Services | 7 | 7 | 6 | ||||
Energy | 6 | 6 | 5 | ||||
Utilities | 4 | 4 | 3 | ||||
Consumer Staples | 7 | 7 | 7 | ||||
Real Estate | 2 | 2 | 2 | ||||
Industrials | 13 | 13 | 14 | ||||
Information Technology | 12 | 12 | 13 | ||||
Materials | 5 | 5 | 7 | ||||
Consumer Discretionary | 9 | 8 | 11 |
Insights
Fund Literature