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Effective 9/11/19, the Hartford Multifactor US Equity ETF (Fund) changed its principal investment strategy, custom underlying index and reference index. See the Fund's prospectus for more information.
Objective
Hartford Multifactor US Equity ETF ("ROUS") seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of exchange traded U.S. equity securities.
Overview
Designed to provide equity exposure to the US market 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, market cap, 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 %
SI = Since Inception. Fund Inception: 02/25/2015
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 9/11/19, the Fund's custom underlying index changed from the Hartford Risk-Optimized Multifactor US Equity Index ("US Equity Index") to Hartford Multifactor Large Cap Index ("Large Cap Index"). The Hartford Multifactor Large Cap Spliced Index reflects the performance of the US Equity Index through 9/11/19 and the performance of the Large Cap Index thereafter. The Fund’s performance and historical returns shown for the periods prior to 9/11/19 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.
Hartford Multifactor US Equity ETF Morningstar Ratings
overall
(as of 3/31/2024)
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 1118, 1118 and 1058 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.
©2024 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.
©2024 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.
1118 PRODUCTS
|
Large Value Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 3/31/2024)
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 1118, 1118 and 1058 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.
©2024 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.
©2024 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.
1118 PRODUCTS
|
Large Value Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 3/31/2024)
Overall, 4 stars, 3-Year, 4 stars, and 5-Year, 4 stars, rated against 1118, 1118 and 1058 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.
©2024 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.
©2024 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.
1058 PRODUCTS
|
Large Value Category
Based on Risk-Adjusted Returns
Characteristics
Fund Essentials
(as of 4/19/2024)
Holdings Characteristics
| ETF | Russell 1000 Index | |
|---|---|---|
| Price/Earnings | 16.8x | 21.8x |
| Price/Book | 3.8x | 4.6x |
| Price/Earnings | 19.5x | 25.7x |
| Return on Equity | 31.9% | 33.4% |
| Nominal Companies | 365 | 989 |
| Effective Companies | 203 | 69 |
| Debt to Equity | 274.7% | 200.6% |
Market Cap Distribution (%)
| ETF | Russell 1000 Index | |
|---|---|---|
| Less than $2B | 0 | 0 |
| $2B - $10B | 15 | 4 |
| $10B - $100B | 48 | 32 |
| Greater than $100B | 37 | 64 |
TRADING DETAILS
(as of 4/19/2024)
| Ticker | ROUS |
| CUSIP | 518416409 |
| IOPV TICKER | ROUS.IV |
| Stock Exchange | NYSE Arca |
| Close | --- |
| Change | --- |
| Change % | --- |
| Net Asset Value(NAV) | $45.69 |
| NAV Change | $0.08 |
| NAV Change % | 0.18% |
| Premium/Discount | --- |
| 30 Day Median Bid/Ask Spread |
--- |
Top Ten Holdings (%)
(as of 4/19/2024)
| MICROSOFT CORP COMMON STOCK USD.00000625 | 1.32 |
| MERCK + CO. INC. COMMON STOCK USD.5 | 1.27 |
| ALPHABET INC CL A COMMON STOCK USD.001 | 1.20 |
| UNITEDHEALTH GROUP INC COMMON STOCK USD.01 | 1.19 |
| ABBVIE INC COMMON STOCK USD.01 | 1.15 |
| JOHNSON + JOHNSON COMMON STOCK USD1.0 | 1.11 |
| BROADCOM INC COMMON STOCK | 1.09 |
| JPMORGAN CHASE + CO COMMON STOCK USD1.0 | 1.06 |
| WALMART INC COMMON STOCK USD.1 | 1.04 |
| APPLE INC COMMON STOCK USD.00001 | 1.04 |
| Total of Top Ten Holdings % | 11.47 |
Sector Exposure (%)
ETF |
REFERENCE INDEX | UNDERWEIGHT / OVERWEIGHT | |||||
|---|---|---|---|---|---|---|---|
| 12/31/23 | 3/31/24 | 3/31/24 | -3 0 3 | ||||
| Health Care | 15 | 14 | 12 | ||||
| Industrials | 12 | 12 | 10 | ||||
| Consumer Staples | 8 | 8 | 6 | ||||
| Materials | 3 | 4 | 3 | ||||
| Utilities | 4 | 3 | 2 | ||||
| Energy | 3 | 4 | 4 | ||||
| Consumer Discretionary | 10 | 9 | 10 | ||||
| Information Technology | 26 | 26 | 28 | ||||
| Financials | 11 | 12 | 14 | ||||
| Real Estate | 3 | 1 | 3 | ||||
| Communication Services | 6 | 6 | 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 |
|---|---|---|---|---|---|---|
| 3/25/2024 | 3/26/2024 | 3/28/2024 | $0.1548 | $0.0000 | $0.0000 | $0.1548 |
| 12/22/2023 | 12/26/2023 | 12/28/2023 | $0.2652 | $0.0000 | $0.0000 | $0.2652 |
| 9/26/2023 | 9/27/2023 | 9/29/2023 | $0.1959 | $0.0000 | $0.0000 | $0.1959 |
| 6/26/2023 | 6/27/2023 | 6/29/2023 | $0.1910 | $0.0000 | $0.0000 | $0.1910 |
Past distributions are not indicative of future distributions.
Insights
Fund Literature
--- - PDF (238 KB)
This Fact Sheet summarizes the ETF's investment approach, portfolio statistics, top holdings, and current performance.
12/31/2023 - PDF (291 KB)
Investors concerned about stock exposure in cap-weighted ETFs should consider a defensive-minded, valuation-focused, multifactor ETF that seeks to improve diversification by reducing concentration and lowering volatility.
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.
11/21/2022 - PDF (569 KB)
How to pursue better trade execution
PDF (162 KB)
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 (579 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
02/06/2024 - PDF (891 KB)
ROUS, a multifactor US equity ETF designed to offer potentially less volatility than cap-weighted indices over a full market cycle, may be a good fit for investors who aren’t sure where the market is headed.
01/25/2024 - PDF (935 KB)
Hartford Multifactor US Equity ETF attribution report.
12/31/2023 - PDF (367 KB)
Hartford Systematic ETFs take a holistic approach to building factor portfolios, designed to take advantage of not only well-known risk reduction techniques but also potential return-generating characteristics.
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. • Investments focused in an industry or group of industries may increase 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).
Sources for all data: Bloomberg, MSCI, and Hartford Funds.
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