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Tax-Advantaged Bond fund

Hartford Schroders Tax-Aware Bond Fund   

MORNINGSTAR RATING:
Overall, 5 stars, 3-Year, 5 stars, 5-Year, 5 stars, and 10-Year, 5 stars, rated against 426, 426, 382 and 270 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.
overall (as of 5/31/2024)
426 PRODUCTS
Intermediate Core Bond Category
Based on Risk-Adjusted Returns
MORNINGSTAR RATING:
Overall, 5 stars, 3-Year, 5 stars, 5-Year, 5 stars, and 10-Year, 5 stars, rated against 426, 426, 382 and 270 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.
overall (as of 5/31/2024)
426 PRODUCTS
Intermediate Core Bond Category
Based on Risk-Adjusted Returns

Tax-Advantaged Bond fund

Hartford Schroders Tax-Aware Bond Fund   
Share Class - I (STWTX)

A Different Approach to Core Bond Investing

Combining investment grade tax-exempt bonds with taxable fixed income may help investors seeking total returns on an after-tax basis.


After-Tax Returns of Fixed Income Indices

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
US
Municipals
6.05%
US
Municipals
3.31%
US
Corporates
3.85%
US
Municipals
4.48%
US
Municipals
1.66%
US
Corporates
11.07%
US
Corporates
8.03%
US
Municipals
1.91%
US
Municipals
-5.97%
US
Corporates
6.59%
US
Corporates
3.39%
US
Treasuries
0.93%
US
Treasuries
0.42%
US
Corporates
3.36%
US
Treasuries
0.49%
US
Municipals
7.70%
US
Treasuries
7.76%
US
Corporates
-2.46%
US
Treasuries
-9.95%
US
Municipals
5.78%
US
Treasuries
2.96%
US
Corporates
-0.50%
US
Municipals
0.26%
US
Treasuries
0.66%
US
Corporates
-2.22%
US
Treasuries
5.89%
US
Municipals
5.63%
US
Treasuries
-3.38%
US
Corporates
-12.50%
US
Treasuries
3.53%

Source: Bloomberg and Schroders, through 2023.
Past performance does not guarantee future results.Indices are unmanaged and not available for direct investment.
US Corporates are represented by the Bloomberg US Credit Corporate 5-7 Year Index; US Treasuries are represented by the Bloomberg US Treasury 5-7 Index for 2018-2021 and 2023, the Bloomberg US Treasury 4-7 Year Index from 2014-2017 and the Bloomberg US Treasury 3-7 Year Index for 2022. US Municipals are represented by the Bloomberg Municipal Index 15-year Index for 2021, the Bloomberg Municipal Index 10-year Index for 2019-2020 and 2023, the Bloomberg Municipal Index 7-year Index for 2017-2018, 2014, 2022 and the Bloomberg Municipal Index for 2015-2016. This analysis highlights comparable duration sectors over each period. As the durations of those sectors change, so do the indices used for the analysis. Tax rate used: 43.4% for 2014-2017 and 40.8% for 2018-2023. The tax rates include the net investment income tax. Returns do not reflect state and/or local taxes, nor do they reflect the AMT. Other effective tax rates would have achieved different results. Actual results will vary. Duration between indices within each period is within 0.5 years of one another. Duration is a measure of the sensitivity of an investment’s price to nominal interest-rate movement.

Portfolio Management
Portfolio Manager
5
YRS
MANAGING THIS FUND
14
YRS
AT SCHRODERS
17
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
12
YRS
MANAGING THIS FUND
11
YRS
AT SCHRODERS
27
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
12
YRS
MANAGING THIS FUND
11
YRS
AT SCHRODERS
26
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
3
YRS
MANAGING THIS FUND
5
YRS
AT SCHRODERS
14
YRS
EXPERIENCE IN THIS INDUSTRY

The portfolio managers are supported by the full resources of Schroders.

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 5/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 5/31/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Schroders Tax-Aware Bond I -1.81 2.51 -1.35 0.91 2.33 3.35
Benchmark -1.91 2.67 -1.29 0.93 2.25 ---
Morningstar Intermediate Core Bond Category -1.25 1.72 -3.10 -0.13 1.16 ---
 
CUMULATIVE %
(as of 3/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 3/31/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Schroders Tax-Aware Bond I -0.74 2.87 -0.72 1.43 2.86 3.48
Benchmark -0.39 3.13 -0.41 1.59 2.66 ---
Morningstar Intermediate Core Bond Category -0.51 2.01 -2.45 0.36 1.43 ---

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.

SI = Since Inception. Fund Inception: 10/03/2011

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.

Hartford Schroders Tax-Aware Bond Fund I Share Morningstar Ratings
overall
(as of 5/31/2024)
Overall, 5 stars, 3-Year, 5 stars, 5-Year, 5 stars, and 10-Year, 5 stars, rated against 426, 426, 382 and 270 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.

426 PRODUCTS
|
Intermediate Core Bond Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 5/31/2024)
Overall, 5 stars, 3-Year, 5 stars, 5-Year, 5 stars, and 10-Year, 5 stars, rated against 426, 426, 382 and 270 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.

426 PRODUCTS
|
Intermediate Core Bond Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 5/31/2024)
Overall, 5 stars, 3-Year, 5 stars, 5-Year, 5 stars, and 10-Year, 5 stars, rated against 426, 426, 382 and 270 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.

382 PRODUCTS
|
Intermediate Core Bond Category
Based on Risk-Adjusted Returns
10 YEAR
(as of 5/31/2024)
Overall, 5 stars, 3-Year, 5 stars, 5-Year, 5 stars, and 10-Year, 5 stars, rated against 426, 426, 382 and 270 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.

270 PRODUCTS
|
Intermediate Core Bond Category
Based on Risk-Adjusted Returns

Characteristics

FUND ESSENTIALS
Inception Date 10/03/2011
Net Assets $1.2 billion
Gross Operating Expenses 0.61%
Net Operating Expenses 0.50%
Morningstar Category Intermediate Core Bond
Lipper Classification General & Insured Municipal Debt Funds
CUSIP 41665H805
Fund Number 1802
FUND STATS
Dividend Frequency
Monthly
# of Issuers
188
# of Holdings
254
Holdings Characteristics
Yield to Worst (%)
4.53%
Effective Duration
8.57 yrs
Portfolio Composition (%)
Tax Exempt Municipal 79
Cash and Cash Equivalents 7
US Treasuries 7
Corporate 6
Taxable Municipal 1
Cash 0
Other 0
Asset Backed Securities 0
Agency Mortgage Backed Securities 0
Mortgage Backed Securities 0
Government Related Agencies 0
Credit Exposure (%)
Aaa/AAA 42
Aa/AA 40
A 13
Baa/BBB 6
Ba/BB 0
B 0
Caa/CCC or lower 0
Not Rated 0
Cash & Cash Offsets 0
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.
Top Ten Issuers (%)
U.S. Treasury Bonds 7.06
Main Street Natural Gas, Inc., GA, Rev 2.32
Texas Municipal Gas Acquisition & Supply Corp. IV, TX, Rev 1.94
Patriots Energy Group Financing Agency, SC, Rev 1.65
Iowa Finance Auth, IA, Rev 1.61
Dickinson Independent School Dist, TX, GO 1.60
Triborough Bridge & Tunnel Auth Sales Tax, NY, Rev 1.57
New Caney Independent School Dist, TX, GO 1.50
New Mexico Mortgage Finance Auth, NM, Rev 1.48
Metropolitan Government Nashville & Davidson County Health & Educational Facs Board, TN, Rev 1.43
Total Portfolio % 22.16
Yields (%) (as of 5/31/24)
30-Day SEC Yield
3.82
Unsubsidized 30-Day SEC Yield
3.74
Tax Exempt Municipal Sector Exposure
General Obligation 34
Fed Agency 16
Corp Supported 10
Utilities 5
Other Revenue 4
Transportation 3
Sales Tax Revenue 2
Education 2
Healthcare 1
Leasing 1
Higher Education 1
Housing 0
Pre-Refunded 0
Floating Rate Bonds 0
Not for Profit 0
Moral Obligation 0
Tax Exempt Municipal 0
Special Assessment 0
Other 0
Insured 0
Tax Increment Financing 0
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
5/29/2024 9.98 $0.0298 $0.0000 $0.0000 $0.0298
4/26/2024 9.98 $0.0311 $0.0000 $0.0000 $0.0311
3/26/2024 10.16 $0.0279 $0.0000 $0.0000 $0.0279
2/27/2024 10.18 $0.0316 $0.0000 $0.0000 $0.0316
1/29/2024 10.19 $0.0235 $0.0000 $0.0000 $0.0235
12/27/2023 10.33 $0.0367 $0.0000 $0.0000 $0.0367
12/15/2023 10.30 $0.0000 $0.0000 $0.0000 $0.0000
11/29/2023 10.06 $0.0310 $0.0000 $0.0000 $0.0310
10/30/2023 9.28 $0.0298 $0.0000 $0.0000 $0.0298
9/27/2023 9.58 $0.0293 $0.0000 $0.0000 $0.0293
8/29/2023 9.88 $0.0304 $0.0000 $0.0000 $0.0304
7/28/2023 10.13 $0.0281 $0.0000 $0.0000 $0.0281
6/28/2023 10.20 $0.0281 $0.0000 $0.0000 $0.0281
Past distributions are not indicative of future distributions.

Fund Literature


03/31/2024 - PDF (192 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
03/31/2024 - PDF (212 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
03/31/2024 - PDF (267 KB)
This flyer shows the performance of fixed income asset classes 1 year after the Fed stop raising rates.
This flyer provides additional detail on the Hartford Schroders Tax-Aware Bond Fund.
06/17/2024 - PDF (251 KB)
03/31/2024 - PDF (266 KB)
Current quarterly commentary from sub-adviser, Schroders, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
PDF (167 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 (899 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, portfolio statistics, top holdings, and current performance.
PDF (4 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.
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. • 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. • 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. • Mortgage-related and asset-backed securities' risks include credit, interest-rate, prepayment, and extension 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, regulatory 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, economic and regulatory developments. • The Fund may have high portfolio turnover, which could increase its transaction costs and an investor's tax liability. • Financially material environmental, social and/or governance (ESG) characteristics are one of several factors that may be considered and as a result, the investment process may not work as intended.

BLOOMBERG® and any Bloomberg Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the indices (collectively, "Bloomberg") and have been licensed for use for certain purposes by Hartford Funds. Bloomberg is not affiliated with Hartford Funds, and Bloomberg does not approve, endorse, review, or recommend any Hartford Funds product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to Hartford Fund products.

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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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