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Effective 11/6/19, the Hartford Multifactor Small Cap ETF changed its principal investment strategy, custom underlying index and reference index. See the Fund’s prospectus for more information.
Objective
Hartford Multifactor Small Cap ETF ("ROSC") seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of small capitalization exchange traded equity securities.
Overview
Designed to provide equity exposure to small cap 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 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
Underlying Index: Hartford Multifactor Small Cap Index (Bloomberg Ticker: LROSCX)
Hartford Multifactor Small Cap ETF Morningstar Ratings
overall
(as of 10/31/2023)
Overall, 4 stars, 3-Year, 3 stars, and 5-Year, 4 stars, rated against 454, 454 and 426 products, respectively. Morningstar RatingTM
is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures
. Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
©2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
454 PRODUCTS
|
Small Value Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 10/31/2023)
Overall, 4 stars, 3-Year, 3 stars, and 5-Year, 4 stars, rated against 454, 454 and 426 products, respectively. Morningstar RatingTM
is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures
. Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
©2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
454 PRODUCTS
|
Small Value Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 10/31/2023)
Overall, 4 stars, 3-Year, 3 stars, and 5-Year, 4 stars, rated against 454, 454 and 426 products, respectively. Morningstar RatingTM
is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures
. Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
©2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
426 PRODUCTS
|
Small Value Category
Based on Risk-Adjusted Returns
Performance
PERFORMANCE %
SI = Since Inception. Fund Inception: 03/23/2015
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 Risk-Optimized Multifactor Global Small Cap Equity Index ("Global Small Cap Equity Index") to Hartford Multifactor Small Cap Index ("Small Cap Index"). The Hartford Multifactor Small Cap Spliced Index reflects the performance of the Global Small Cap Equity Index through 11/6/19 and the performance of the Small Cap 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.
Hartford Multifactor Small Cap ETF Morningstar Ratings
overall
(as of 10/31/2023)
Overall, 4 stars, 3-Year, 3 stars, and 5-Year, 4 stars, rated against 454, 454 and 426 products, respectively. Morningstar RatingTM
is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures
. Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
©2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
454 PRODUCTS
|
Small Value Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 10/31/2023)
Overall, 4 stars, 3-Year, 3 stars, and 5-Year, 4 stars, rated against 454, 454 and 426 products, respectively. Morningstar RatingTM
is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures
. Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
©2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
454 PRODUCTS
|
Small Value Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 10/31/2023)
Overall, 4 stars, 3-Year, 3 stars, and 5-Year, 4 stars, rated against 454, 454 and 426 products, respectively. Morningstar RatingTM
is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures
. Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
©2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
426 PRODUCTS
|
Small Value Category
Based on Risk-Adjusted Returns
Characteristics
Holdings Characteristics
| FUND | Russell 2000 Index | |
|---|---|---|
| Price/Earnings | 9.5x | 12.7x |
| Price/Book | 1.5x | 1.7x |
| Price/Earnings | 9.4x | 12.1x |
| Return on Equity | 24.8% | 6.6% |
| Nominal Companies | 336 | 1972 |
| Effective Companies | 197 | 858 |
| Nominal Countries | 1 | 15 |
| Effective Countries | 1 | 1 |
| Debt to Equity | 77.0% | 175.1% |
RETURN CHARACTERISTICS
|
Standard Deviation (5 Year)
|
21.76 |
|
Alpha (5 Year)
|
2.79 |
|
Beta (5 Year)
|
0.87 |
|
R Squared (5 Year)
|
92.57 |
|
Sharpe Ratio (5 Year)
|
0.30 |
|
Information Ratio (5 Year)
|
0.43 |
|
Up Capture (5 Year)
|
94.08 |
|
Down Capture (5 Year)
|
85.12 |
TRADING DETAILS
(as of 12/7/2023)
| Ticker | ROSC |
| CUSIP | 518416508 |
| IOPV TICKER | ROSC.IV |
| Stock Exchange | NYSE Arca |
| Close | $38.70 |
| Change | $0.31 |
| Change % | 0.80% |
| Net Asset Value(NAV) | $38.75 |
| NAV Change | $0.36 |
| NAV Change % | 0.94% |
| Premium/Discount | -0.12% |
| 30 Day Median Bid/Ask Spread |
0.35% |
Top Ten Holdings (%)
(as of 12/8/2023)
| JACKSON FINANCIAL INC A COMMON STOCK USD.01 | 1.24 |
| ALPHA METALLURGICAL RESOURCE COMMON STOCK USD.01 | 1.22 |
| CAL MAINE FOODS INC COMMON STOCK USD.01 | 1.04 |
| WARRIOR MET COAL INC COMMON STOCK USD.01 | 1.03 |
| AMPHASTAR PHARMACEUTICALS IN COMMON STOCK USD.0001 | 1.02 |
| ARCH RESOURCES INC COMMON STOCK USD.01 | 1.00 |
| ENCORE WIRE CORP COMMON STOCK USD.01 | 0.99 |
| INGLES MARKETS INC CLASS A COMMON STOCK USD.05 | 0.95 |
| BUCKLE INC/THE COMMON STOCK USD.01 | 0.95 |
| RUSH ENTERPRISES INC CL A COMMON STOCK USD.01 | 0.93 |
| Total of Top Ten Holdings % | 10.37 |
Market Cap Distribution (%)
| FUND | Russell 2000 Index | |
|---|---|---|
| Less than $2B | 65 | 42 |
| $2B - $10B | 35 | 58 |
| $10B - $100B | 0 | 1 |
| Greater than $100B | 0 | 0 |
Sector Exposure (%)
FUND |
REFERENCE INDEX | UNDERWEIGHT / OVERWEIGHT | |||||
|---|---|---|---|---|---|---|---|
| 9/30/23 | 10/31/23 | 10/31/23 | -7 0 7 | ||||
| Health Care | 19 | 19 | 14 | ||||
| Consumer Discretionary | 14 | 14 | 11 | ||||
| Materials | 7 | 7 | 5 | ||||
| Consumer Staples | 6 | 6 | 4 | ||||
| Communication Services | 4 | 3 | 2 | ||||
| Industrials | 17 | 16 | 17 | ||||
| Financials | 16 | 16 | 17 | ||||
| Real Estate | 5 | 5 | 6 | ||||
| Utilities | 1 | 1 | 3 | ||||
| Information Technology | 10 | 10 | 13 | ||||
| Energy | 2 | 2 | 9 | ||||
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 |
|---|---|---|---|---|---|---|
| 9/26/2023 | 9/27/2023 | 9/29/2023 | $0.1579 | $0.0000 | $0.0000 | $0.1579 |
| 6/26/2023 | 6/27/2023 | 6/29/2023 | $0.1828 | $0.0000 | $0.0000 | $0.1828 |
| 3/24/2023 | 3/27/2023 | 3/29/2023 | $0.1679 | $0.0000 | $0.0000 | $0.1679 |
| 12/22/2022 | 12/23/2022 | 12/28/2022 | $0.3082 | $0.0000 | $0.0000 | $0.3082 |
Past distributions are not indicative of future distributions.
Insights
Fund Literature
09/30/2023 - PDF (241 KB)
This Fact Sheet summarizes the ETF's investment approach, portfolio statistics, top holdings, and current performance.
09/30/2023 - PDF (918 KB)
Hartford Multifactor Small Cap ETF attribution report.
09/30/2023 - PDF (512 KB)
While easy to understand, cap-weighted indices may introduce unintended risks, which is why a more intentional approach to risk can lead to better results
09/30/2023 - PDF (202 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.
11/21/2022 - PDF (569 KB)
How to pursue better trade execution
PDF (145 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
09/30/2023 - PDF (452 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.
10/19/2023 - PDF (572 KB)
Hartford Multifactor ETFs are designed for growth and structured for resilience.
Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.
09/30/2023 - PDF (281 KB)
Updated quarterly, the Factor Report reviews drivers of return across the domestic, developed and emerging equity markets
03/31/2023 - PDF (571 KB)
This flyer highlights the asset classes that have performed well during periods of high inflation and Hartford Funds strategies focused on those asset classes.
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. • 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. • Small cap securities can have greater risks, including liquidity risk, and volatility than large-cap securities. • Investments focused in a particular industry or group of industries are subject to greater market volatility 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).
Sources for all data: Bloomberg, MSCI, and Hartford Funds.
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