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Hartford Schroders Tax-Aware Bond Fund

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On 10/24/16, the Schroder Broad Tax-Aware Value Bond Fund (the “Predecessor Fund”) was reorganized into the Hartford Schroders Tax-Aware Bond Fund, a new Hartford Fund that has substantially the same objective and strategies as the Predecessor Fund. As a result, all data prior to 10/24/16 is that of the Predecessor Fund.

Objective

Seeks total return on an after-tax basis.

Overview

The Fund seeks after-tax total return over the long term by focusing on investment-grade taxable and tax-exempt bonds.

Hartford Schroders Tax-Aware Bond Fund Update

Monthly portfolio review and outlook

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More About Hartford Schroders Tax-Aware Bond Fund 

Performance

Performance (%)
% (as of 2/28/2019)
Average Annual Total Returns % (as of 2/28/2019)
YTD 1YR 3YR 5YR 10YR SI
Hartford Schroders Tax-Aware Bond  I 1.80 3.93 2.74 4.14 --- 4.71
Benchmark 1.30 4.13 2.28 3.44 --- ---
Morningstar Muni National Intermediate Category 1.38 3.51 1.73 2.49 --- ---
Performance (%)
% (as of 12/31/2018)
Average Annual Total Returns % (as of 12/31/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Schroders Tax-Aware Bond  I 0.34 0.34 2.33 4.87 --- 4.56
Benchmark 1.28 1.28 2.30 3.82 --- ---
Morningstar Muni National Intermediate Category 0.75 0.75 1.64 2.73 --- ---
SI = Since Inception. Fund Inception: 10/03/2011
Operating Expenses:   Net  0.49% |  Gross  0.62%
Performance prior to 10/24/16 for Class I-shares reflects the performance, fees, and expenses of the Investor Class of the predecessor fund Schroder Broad Tax-Aware Value Bond Fund. If Class I fees and expenses were reflected, performance would have differed. SI performance is calculated from 10/03/11.

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.

Growth of $10,000 (I-Share)

(as of 2/28/2019)
[{"date":"Thu Feb 28 00:00:00 EST 2019","value":"14057.0"},{"date":"Thu Jan 31 00:00:00 EST 2019","value":"13985.0"},{"date":"Mon Dec 31 00:00:00 EST 2018","value":"13809.0"},{"date":"Fri Nov 30 00:00:00 EST 2018","value":"13630.0"},{"date":"Wed Oct 31 00:00:00 EDT 2018","value":"13486.0"},{"date":"Sun Sep 30 00:00:00 EDT 2018","value":"13609.0"},{"date":"Fri Aug 31 00:00:00 EDT 2018","value":"13693.0"},{"date":"Tue Jul 31 00:00:00 EDT 2018","value":"13653.0"},{"date":"Sat Jun 30 00:00:00 EDT 2018","value":"13628.0"},{"date":"Thu May 31 00:00:00 EDT 2018","value":"13638.0"},{"date":"Mon Apr 30 00:00:00 EDT 2018","value":"13513.0"},{"date":"Sat Mar 31 00:00:00 EDT 2018","value":"13574.0"},{"date":"Wed Feb 28 00:00:00 EST 2018","value":"13525.0"},{"date":"Wed Jan 31 00:00:00 EST 2018","value":"13597.0"},{"date":"Sun Dec 31 00:00:00 EST 2017","value":"13763.0"},{"date":"Thu Nov 30 00:00:00 EST 2017","value":"13628.0"},{"date":"Tue Oct 31 00:00:00 EDT 2017","value":"13704.0"},{"date":"Sat Sep 30 00:00:00 EDT 2017","value":"13659.0"},{"date":"Thu Aug 31 00:00:00 EDT 2017","value":"13687.0"},{"date":"Mon Jul 31 00:00:00 EDT 2017","value":"13617.0"},{"date":"Fri Jun 30 00:00:00 EDT 2017","value":"13534.0"},{"date":"Wed May 31 00:00:00 EDT 2017","value":"13561.0"},{"date":"Sun Apr 30 00:00:00 EDT 2017","value":"13417.0"},{"date":"Fri Mar 31 00:00:00 EDT 2017","value":"13319.0"},{"date":"Tue Feb 28 00:00:00 EST 2017","value":"13322.0"},{"date":"Tue Jan 31 00:00:00 EST 2017","value":"13248.0"},{"date":"Sat Dec 31 00:00:00 EST 2016","value":"13217.0"},{"date":"Wed Nov 30 00:00:00 EST 2016","value":"13102.0"},{"date":"Mon Oct 31 00:00:00 EDT 2016","value":"13508.0"},{"date":"Fri Sep 30 00:00:00 EDT 2016","value":"13580.0"},{"date":"Wed Aug 31 00:00:00 EDT 2016","value":"13613.0"},{"date":"Sun Jul 31 00:00:00 EDT 2016","value":"13575.0"},{"date":"Thu Jun 30 00:00:00 EDT 2016","value":"13587.0"},{"date":"Tue May 31 00:00:00 EDT 2016","value":"13354.0"},{"date":"Sat Apr 30 00:00:00 EDT 2016","value":"13304.0"},{"date":"Thu Mar 31 00:00:00 EDT 2016","value":"13147.0"},{"date":"Mon Feb 29 00:00:00 EST 2016","value":"12962.0"},{"date":"Sun Jan 31 00:00:00 EST 2016","value":"12983.0"},{"date":"Thu Dec 31 00:00:00 EST 2015","value":"12888.0"},{"date":"Mon Nov 30 00:00:00 EST 2015","value":"12828.0"},{"date":"Sat Oct 31 00:00:00 EDT 2015","value":"12741.0"},{"date":"Wed Sep 30 00:00:00 EDT 2015","value":"12662.0"},{"date":"Mon Aug 31 00:00:00 EDT 2015","value":"12596.0"},{"date":"Fri Jul 31 00:00:00 EDT 2015","value":"12590.0"},{"date":"Tue Jun 30 00:00:00 EDT 2015","value":"12510.0"},{"date":"Sun May 31 00:00:00 EDT 2015","value":"12536.0"},{"date":"Thu Apr 30 00:00:00 EDT 2015","value":"12588.0"},{"date":"Tue Mar 31 00:00:00 EDT 2015","value":"12714.0"},{"date":"Sat Feb 28 00:00:00 EST 2015","value":"12673.0"},{"date":"Sat Jan 31 00:00:00 EST 2015","value":"12830.0"},{"date":"Wed Dec 31 00:00:00 EST 2014","value":"12564.0"},{"date":"Sun Nov 30 00:00:00 EST 2014","value":"12471.0"},{"date":"Fri Oct 31 00:00:00 EDT 2014","value":"12491.0"},{"date":"Tue Sep 30 00:00:00 EDT 2014","value":"12368.0"},{"date":"Sun Aug 31 00:00:00 EDT 2014","value":"12417.0"},{"date":"Thu Jul 31 00:00:00 EDT 2014","value":"12118.0"},{"date":"Mon Jun 30 00:00:00 EDT 2014","value":"12035.0"},{"date":"Sat May 31 00:00:00 EDT 2014","value":"12059.0"},{"date":"Wed Apr 30 00:00:00 EDT 2014","value":"11781.0"},{"date":"Mon Mar 31 00:00:00 EDT 2014","value":"11567.0"},{"date":"Fri Feb 28 00:00:00 EST 2014","value":"11479.0"},{"date":"Fri Jan 31 00:00:00 EST 2014","value":"11271.0"},{"date":"Tue Dec 31 00:00:00 EST 2013","value":"10887.0"},{"date":"Sat Nov 30 00:00:00 EST 2013","value":"10938.0"},{"date":"Thu Oct 31 00:00:00 EDT 2013","value":"10971.0"},{"date":"Mon Sep 30 00:00:00 EDT 2013","value":"10838.0"},{"date":"Sat Aug 31 00:00:00 EDT 2013","value":"10460.0"},{"date":"Wed Jul 31 00:00:00 EDT 2013","value":"10684.0"},{"date":"Sun Jun 30 00:00:00 EDT 2013","value":"10817.0"},{"date":"Fri May 31 00:00:00 EDT 2013","value":"11387.0"},{"date":"Tue Apr 30 00:00:00 EDT 2013","value":"11744.0"},{"date":"Sun Mar 31 00:00:00 EDT 2013","value":"11500.0"},{"date":"Thu Feb 28 00:00:00 EST 2013","value":"11608.0"},{"date":"Thu Jan 31 00:00:00 EST 2013","value":"11559.0"},{"date":"Mon Dec 31 00:00:00 EST 2012","value":"11504.0"},{"date":"Fri Nov 30 00:00:00 EST 2012","value":"11758.0"},{"date":"Wed Oct 31 00:00:00 EDT 2012","value":"11457.0"},{"date":"Sun Sep 30 00:00:00 EDT 2012","value":"11351.0"},{"date":"Fri Aug 31 00:00:00 EDT 2012","value":"11252.0"},{"date":"Tue Jul 31 00:00:00 EDT 2012","value":"11252.0"},{"date":"Sat Jun 30 00:00:00 EDT 2012","value":"10883.0"},{"date":"Thu May 31 00:00:00 EDT 2012","value":"10884.0"},{"date":"Mon Apr 30 00:00:00 EDT 2012","value":"10737.0"},{"date":"Sat Mar 31 00:00:00 EDT 2012","value":"10544.0"},{"date":"Wed Feb 29 00:00:00 EST 2012","value":"10696.0"},{"date":"Tue Jan 31 00:00:00 EST 2012","value":"10698.0"},{"date":"Sat Dec 31 00:00:00 EST 2011","value":"10261.0"},{"date":"Wed Nov 30 00:00:00 EST 2011","value":"9938.0"},{"date":"Mon Oct 31 00:00:00 EDT 2011","value":"10055.0"},{"date":"Mon Oct 03 00:00:00 EDT 2011","value":"10000.0"}]

 
Growth of $10,000

Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

I-Share Morningstar Ratings
(as of 2/28/2019)
  • Overall
    infoIcon:
    Overall, 5 stars, 3-Year, 4 stars, and 5-Year, 5 stars, rated against 259, 259 and 227 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.
    ©2019 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.
    infoIcon:
  • 259 Products | Muni National Interm Category
Based on Risk-Adjusted Returns
Calendar Year Returns (%)
Fund Benchmark
2018 0.34 1.28
2017 4.13 5.45
2016 2.56 0.25
2015 2.58 3.30
2014 15.40 9.05
2013 -5.36 -2.55
2012 12.11 6.78

Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

Characteristics Holdings are subject to change. Percentages may be rounded.

Statistics
As of Date 2/28/2019
Net Assets $215 million
# of Holdings 155
# of Issuers 107
Turnover (12/31/2018) 154%
Dividend Frequency Monthly
Holdings Characteristics
(as of 2/28/2019)
Fund
Effective Duration 6.63 yrs

Tax Exempt Municipal Sector Exposure

(as of 2/28/2019)
label currentpercentage
General Obligation 17
Etm/Pre-Refunded 0
Corp Supported 8
Housing 8
Fed Agency 8
Leasing 7
Transportation 6
Utilities 5
Other Revenue 4
Pre-Refunded 4
Sales Tax Revenue 3
Healthcare 2
Higher Education 2
Education 1
Floating Rate Bonds 0
Insured 0
Moral Obligation 0
Special Assessment 0
Tax Increment Financing 0
Yields
As of Date 2/28/2019
30 Day SEC Yield 2.38%
Unsubsidized 30-Day SEC Yield 2.20%
Fund Essentials
Inception Date 10/03/2011
Symbol STWTX
CUSIP 41665H805
Fund Number 1802

Top Ten Issuers (%)

(as of 2/28/2019)
label percentageholding
U.S. Treasury Notes 11.46
FNMA Mortgage Backed Securities (POOLS) 3.92
FHLMC Mortgage Backed Securities (POOLS) 3.69
New York State Dormitory Auth 3.49
Patriots Energy Group Financing Agcy., SC 3.16
Kentucky Public Energy Auth 3.01
Dist of Columbia Water & Sewer Auth 2.99
Dist. of Columbia 2.73
Missouri Housing Dev Commission 2.07
Denton, TX, Independent School Dist 2.05
Total Portfolio % 38.57

Credit Exposure (%)

(as of 2/28/2019)
label value
Aaa/AAA 43
Aa/AA 32
A 17
Baa/BBB 5
Ba/BB 0
B 1
Caa/CCC or lower 0
Not Rated 1
Cash & Cash Offsets 1

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 average rating is used. If only two ratings agencies assign ratings, the average rating is used. Securities that are not rated by any of the three agencies are listed as "Not Rated". The ratings breakdown includes cash and cash equivalents. Ratings do not apply to the Fund itself or to Fund shares. Ratings may change.

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Sector Exposure (%)

(as of 2/28/2019)
label currentpercentage
Tax Exempt Municipal 74
US Treasuries 12
Mortgage Backed Securities 10
Corporate 4
Other 1
Cash, Cash Equivalents and Cash Offsets 1
Gov't Related - Agencies 0
Asset Backed Securities 0
Commercial Mortgage Backed Securities 0
Emerging Market Sovereign 0
Gov't Related - Non Municipal 0
Gov't Related - Supranational 0
Interest Rate Swaps 0
Non US Developed Market Sovereign 0
Taxable Municipal 0
Unclassified 0
CDS Baskets 0
CDS Options 0
Synthetic Cash -1
(as of 12/31/2018)
label currentpercentage
Tax Exempt Municipal 86
US Treasuries 9
Mortgage Backed Securities 0
Corporate 5
Other 2
Cash, Cash Equivalents and Cash Offsets 0
Gov't Related - Agencies 0
Asset Backed Securities 0
Commercial Mortgage Backed Securities 0
Emerging Market Sovereign 0
Gov't Related - Non Municipal 0
Gov't Related - Supranational 0
Interest Rate Swaps 0
Non US Developed Market Sovereign 0
Taxable Municipal 0
Unclassified 0
CDS Baskets 0
CDS Options 0
Synthetic Cash -2

Insights

pdf

Tax-Aware Fixed Income: A Common-Sense Core? 

Thu Feb 21 09:30:00 EST 2019
Rather than accept low returns or take on more risk in their fixed-income core, we think it makes sense for investors to consider using a tax-aware approach.
pdf

Being Active in Fixed Income 

Mon Feb 11 12:42:00 EST 2019
You shouldn’t simply go through the motions at the gym—or with your fixed-income portfolio.
pdf

Shelter From the Storm 

Fri Feb 01 12:42:00 EST 2019
A fixed-income forecast for a rising-rate world.

Literature

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pdf

Fact Sheet

12/31/2018 | pdf

This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.

View FINRA Letter

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Fund Story

01/31/2019 | pdf

This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.

View FINRA Letter

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Expanded Commentary (Class SDR)

12/31/2018 | pdf

Current quarterly commentary from sub-adviser, Schroders, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.

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Summary Prospectus

03/01/2019 | pdf

A concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.

Pitchbook

12/31/2018 | pdf

This Pitchbook reviews the Fund's investment approach, investment team, investment process, portfolio statistics, top holdings, and current performance.

Semi Annual Report

04/30/2018 | pdf

A semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

Statutory Prospectus

03/01/2019 | pdf

An annual update that includes information about the Funds' investment managers, sub-advisers, and operations.

Annual Report

10/31/2018 | pdf

An annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

SAI

03/01/2019 | pdf

A supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.

Hartford Schroders Tax-Aware Bond Flyer

12/31/2018 | pdf

This flyer highlights how the Fund uses a value-driven approach to seek total return on an after-tax basis.

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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. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • Mortgage related- and asset-backed securities' risks include credit, interest-rate, prepayment, and extension risk. • Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. • The purchase of securities in the To-Be-Announced (TBA) market can result in additional price and counterparty risk. • Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. • 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 and economic developments. • Municipal securities may be adversely impacted by state/local, political, economic, or market conditions; these risks may be magnified if the Fund focuses its assets in municipal securities of issuers in a few select states. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable. • The Fund may have high portfolio turnover, which could increase its transaction costs and an investor's tax liability.

Additional Information Regarding Bloomberg Barclays Indices Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

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