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Multifactor ETFs etf

Hartford Multifactor Diversified International ETF   

TICKER
RODE

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Multifactor ETFs etf

Hartford Multifactor Diversified International ETF   
Ticker - RODE

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

PERFORMANCE %
 
CUMULATIVE %
(as of 3/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 3/31/2024)
YTD 1YR 3YR 5YR 10YR SI 1
Hartford Multifactor Diversified International ETF(RODE, NAV) 3.33 15.07 4.87 5.08 --- 5.20
Hartford Multifactor Diversified International ETF(RODE, Market Price) 3.70 15.54 4.75 5.06 --- 5.23
Underlying Index (Hartford Multifactor Diversified International Spliced Index) 3.51 15.62 5.23 5.43 --- ---
Reference Index 4.69 13.26 1.94 5.97 4.25 ---
Morningstar Foreign Large Value Category 3.99 13.83 4.97 6.49 3.64 ---
 
CUMULATIVE %
(as of 3/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 3/31/2024)
YTD 1YR 3YR 5YR 10YR SI1
Hartford Multifactor Diversified International ETF(RODE, NAV) 3.33 15.07 4.87 5.08 --- 5.20
Hartford Multifactor Diversified International ETF(RODE, Market Price) 3.70 15.54 4.75 5.06 --- 5.23
Underlying Index (Hartford Multifactor Diversified International Spliced Index) 3.51 15.62 5.23 5.43 --- ---
Reference Index 4.69 13.26 1.94 5.97 4.25 ---
Morningstar Foreign Large Value Category 3.99 13.83 4.97 6.49 3.64 ---

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.

Index performance returns do not reflect any management fees, transaction costs, or expenses.

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

Fund Essentials (as of 4/19/2024)
Ticker RODE
Underlying Index LRODEX
Inception Date 05/10/2017
Net Assets $17,432,087
Total Operating Expenses 0.29%
Shares Outstanding 650,000
Distributor ALPS Distributors, Inc.
CUSIP 518416607
Morningstar Category Foreign Large Value
Lipper Classification International Multi-Cap Value
Holdings Characteristics
ETF MSCI ACWI ex USA Index
Price/Earnings
9.4x 14.1x
Price/Book
1.2x 1.9x
Price/Earnings
9.2x 15.2x
Return on Equity
18.1% 17.3%
Nominal Companies
314 2139
Effective Companies
198 304
Nominal Countries
35 46
Effective Countries
15 15
Debt to Equity
100.6% 115.3%
Market Cap Distribution (%)

Market Cap Header

ETF MSCI ACWI ex USA Index

Market Cap Header3

Less than $2B 2 0
$2B - $10B 33 12
$10B - $100B 51 60
Greater than $100B 14 28
TRADING DETAILS (as of 4/19/2024)
Ticker RODE
CUSIP 518416607
IOPV TICKER RODE.IV
Stock Exchange Cboe BZX Exchange, Inc.
Close ---
Change ---
Change % ---
Net Asset Value(NAV)
NAV Change
NAV Change %
Premium/Discount ---
30 Day Median Bid/Ask Spread
---
Top Ten Holdings (%) (as of 4/19/2024)
SIMPLO TECHNOLOGY CO LTD COMMON STOCK TWD10.0 1.07
JB HI FI LTD COMMON STOCK 1.02
CHICONY ELECTRONICS CO LTD COMMON STOCK TWD10.0 0.98
STELLANTIS NV COMMON STOCK EUR.01 0.98
SOLVAY SA COMMON STOCK EUR15.0 0.96
SANOFI COMMON STOCK EUR2.0 0.95
ANZ GROUP HOLDINGS LTD COMMON STOCK 0.92
GSK PLC SPON ADR ADR 0.91
SAMSUNG ELECTRONICS CO LTD COMMON STOCK KRW100.0 0.89
HSBC HOLDINGS PLC COMMON STOCK USD.5 0.86
Total of Top Ten Holdings % 9.54
Top 10 Country Allocation (%)
Represents 68% of total country allocation
Sector Exposure (%)

Exposure Chart Header

ETF
REFERENCE INDEX UNDERWEIGHT / OVERWEIGHT

Exposure Chart Header2

12/31/23 3/31/24 3/31/24 -3 0 3
Financials 23 23 21
Health Care 11 11 9
Utilities 4 5 3
Information Technology 12 14 13
Consumer Staples 8 8 7
Communication Services 7 6 5
Real Estate 4 3 2
Industrials 11 12 14
Materials 6 5 7
Energy 4 4 6
Consumer Discretionary 11 9 12
Based on Global Industry Classification Standard (GICS), which was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. (S&P). Excludes cash. May not total to 100% due to rounding and/or pooled vehicle allocations.
distributions and capital gains
Ex-dividend date record date payable date ordinary income short term capital gains long term capital gains total distribution
12/22/2023 12/26/2023 12/28/2023 $0.7692 $0.0000 $0.0000 $0.7692
6/26/2023 6/27/2023 6/29/2023 $0.6087 $0.0000 $0.0000 $0.6087
Past distributions are not indicative of future distributions.

Fund Literature


12/31/2023 - PDF (235 KB)
This Fact Sheet summarizes the ETFs investment approach, portfolio statistics, top holdings, and current performance.
03/31/2024 - PDF (521 KB)
Hartford Funds offers a variety of systematic ETFs across styles and regions to help investors meet their long-term goals.
12/31/2023 - PDF (193 KB)
Exchange-traded funds (ETFs) designed by Hartford Funds - both strategic beta and actively managed - seek to provide investors with the tools to take greater control over the risks and opportunities in their portfolios.
12/31/2023 - PDF (334 KB)
Learn about the Hartford Multifactor Diversified International ETF.
11/21/2022 - PDF (569 KB)
How to pursue better trade execution
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
03/31/2024 - PDF (528 KB)
This Pitchbook reviews the ETF's investment approach, investment team, investment process, and general portfolio parameters.
PDF (3 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 (3 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.
03/31/2024 - PDF (282 KB)
Updated quarterly, the Factor Report reviews drivers of return across the domestic, developed and emerging equity markets
12/31/2023 - PDF (948 KB)
Hartford Multifactor Diversified International ETF attribution report
Important Risks: Investing involves risk, including the possible loss of principal. The net asset value (NAV) of the Fund's shares may fluctuate due to changes in the market value of the Fund's holdings which may in-turn fluctuate due to market and economic conditions. The market prices of the Fund's shares will generally fluctuate due to changes in the relative supply of and demand for the shares on an exchange. • The Fund is not actively managed but rather attempts to track the performance of an index. The Fund's returns may diverge from that of the index. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political, economic and regulatory developments. These risks may be greater, and include additional risks, for investments in emerging markets. • Investments focused in a particular country, region, industry or group of industries are subject to greater volatility and risk.
Transactions in ETF shares will result in brokerage commissions and will generate tax consequences. All regulated investment companies are obliged to distribute portfolio gains to shareholders.
IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every fifteen seconds throughout the trading day.
Premium/discount reflects the relationship between an ETF's market price and its net asset value (NAV). Because ETFs are traded on an exchange, their market prices are in part driven by supply and demand dynamics. The ETF's market price may be above its NAV (reflecting a premium) or below its NAV (reflecting a discount).
The MSCI information may only be used for your internal use, may not be reproduced or re-disseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the "MSCI Parties") expressly disclaims all warranties (including, without limitation, any warranties or originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www. msci.com)
Sources for all data: Bloomberg, MSCI, and Hartford Funds.
3232281 LAT002390

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.

Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA|SIPC. ETFs are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, Lattice, and HFMC, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

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