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Tax-Advantaged Bond fund

Hartford Schroders Tax-Aware Bond Fund    Share Class - SDR (HFKVX)



Key Documents
      Actions

      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.

      Portfolio Management
      Portfolio Manager
      2
      YRS
      MANAGING THIS FUND
      11
      YRS
      AT SCHRODERS
      14
      YRS
      EXPERIENCE IN THIS INDUSTRY
      Portfolio Manager
      10
      YRS
      MANAGING THIS FUND
      8
      YRS
      AT SCHRODERS
      24
      YRS
      EXPERIENCE IN THIS INDUSTRY
      Portfolio Manager
      10
      YRS
      MANAGING THIS FUND
      8
      YRS
      AT SCHRODERS
      23
      YRS
      EXPERIENCE IN THIS INDUSTRY
      Portfolio Manager
      1
      YRS
      MANAGING THIS FUND
      2
      YRS
      AT SCHRODERS
      11
      YRS
      EXPERIENCE IN THIS INDUSTRY

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

      Performance

      PERFORMANCE %
       
      CUMULATIVE %
      (as of 12/31/2021)
      AVERAGE ANNUAL TOTAL RETURNS %
      (as of 12/31/2021)
      YTD 1YR 3YR 5YR 10YR SI
      Hartford Schroders Tax-Aware Bond SDR 0.03 0.03 4.49 3.57 4.38 4.54
      Benchmark 1.52 1.52 4.73 4.17 3.72 ---
      Morningstar Intermediate Core Bond Category -1.48 -1.48 4.81 3.47 2.95 ---
       
      CUMULATIVE %
      (as of 12/31/2021)
      AVERAGE ANNUAL TOTAL RETURNS %
      (as of 12/31/2021)
      YTD 1YR 3YR 5YR 10YR SI
      Hartford Schroders Tax-Aware Bond SDR 0.03 0.03 4.49 3.57 4.38 4.54
      Benchmark 1.52 1.52 4.73 4.17 3.72 ---
      Morningstar Intermediate Core Bond Category -1.48 -1.48 4.81 3.47 2.95 ---

      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

      Share Class Inception: 10/24/16.
      Class SDR-shares performance from 12/30/14 through 10/21/16 reflects the performance, fees, and expenses of R6 Class of the predecessor fund Schroder Broad Tax-Aware Value Bond Fund (the "Predecessor Fund") and, prior to 12/30/14, the performance, fees, and expenses of the Predecessor Fund's Investor Class. If Class SDR fees and expenses were reflected, performance would have differed. SI performance is calculated from 10/03/11.

      The Fund’s Class SDR shares have not been in operation for 10 years. Therefore, the Calendar Year Returns (SDR Shares) chart includes performance and operating expenses of another class. For more information, see the prospectus.

      Characteristics

      FUND ESSENTIALS
      Inception Date 10/03/2011
      Net Assets $422 million
      Gross Operating Expenses 0.53%
      Net Operating Expenses 0.47%
      Morningstar Category Intermediate Core Bond
      Lipper Classification General & Insured Municipal Debt Funds
      CUSIP 41665H870
      Fund Number 1804
      FUND STATS
      Dividend Frequency
      Monthly
      # of Issuers
      143
      # of Holdings
      230
      Holdings Characteristics
      Effective Duration
      3.80 yrs
      Credit Exposure (%)
      Aaa/AAA 24
      Aa/AA 17
      A 35
      Baa/BBB 24
      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 Notes 4.89
      Kentucky Public Energy Auth 3.30
      Main Street, GA, Natural Gas, Inc. 3.21
      Louisiana State Local Gov't Environmental Facs & Community Dev Auth Rev 2.96
      Texas Department of Housing & Community Affairs 2.92
      Illinois Housing Dev Auth 2.57
      Chicago, IL, O'Hare International Airport 2.33
      Goldman Sachs Group, Inc. 2.19
      JP Morgan Chase & Co. 1.93
      Iowa Finance Auth. 1.74
      Total Portfolio % 28.04
      U.S. Treasury Notes 7.24
      Kentucky Public Energy Auth 3.06
      Main Street, GA, Natural Gas, Inc. 2.96
      Louisiana State Local Gov't Environmental Facs & Community Dev Auth Rev 2.70
      Chicago, IL, O'Hare International Airport 2.14
      F&G Global Funding 2.02
      Goldman Sachs Group, Inc. 2.01
      Banco Santander S.A. 1.86
      Illinois Housing Dev Auth 1.78
      JP Morgan Chase & Co. 1.78
      Total Portfolio % 27.55
      Yields (%) (as of 12/31/21)
      30-Day SEC Yield
      1.07
      Unsubsidized 30-Day SEC Yield
      1.01
      Tax Exempt Municipal Sector Exposure
      Fed Agency 17
      Corp Supported 12
      Transportation 8
      General Obligation 5
      Housing 5
      Utilities 3
      Leasing 2
      Healthcare 1
      Other Revenue 1
      Education 1
      Sales Tax Revenue 1
      Pre-Refunded 0
      Floating Rate Bonds 0
      Higher Education 0
      Insured 0
      Moral Obligation 0
      Not for Profit 0
      Special Assessment 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
      12/30/2021 11.12 $0.0155 $0.0000 $0.0000 $0.0155
      12/20/2021 11.13 $0.0000 $0.0418 $0.1040 $0.1458
      11/30/2021 11.26 $0.0131 $0.0000 $0.0000 $0.0131
      10/29/2021 11.27 $0.0117 $0.0000 $0.0000 $0.0117
      9/29/2021 11.33 $0.0122 $0.0000 $0.0000 $0.0122
      8/31/2021 11.40 $0.0113 $0.0000 $0.0000 $0.0113
      7/30/2021 11.42 $0.0109 $0.0000 $0.0000 $0.0109
      6/29/2021 11.38 $0.0113 $0.0000 $0.0000 $0.0113
      5/28/2021 11.39 $0.0110 $0.0000 $0.0000 $0.0110
      4/30/2021 11.37 $0.0130 $0.0000 $0.0000 $0.0130
      3/30/2021 11.32 $0.0119 $0.0000 $0.0000 $0.0119
      2/26/2021 11.29 $0.0154 $0.0000 $0.0000 $0.0154
      1/29/2021 11.45 $0.0110 $0.0000 $0.0000 $0.0110
      Past distributions are not indicative of future distributions.

      Fund Literature


      09/30/2021 - PDF (304 KB)
      This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
      Current quarterly commentary from sub-adviser, Schroders, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
      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 (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.
      A combination of infrastructure spending, government stimulus, and the prospect of higher taxes makes a compelling case for municipal bonds.
      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. • Mortgage-related and asset-backed securities' risks include credit, interest-rate, prepayment, and extension risk. • The purchase of securities in the To-Be-Announced (TBA) market can result in higher portfolio turnover and related expenses as well as price and counterparty 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. • 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. • 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. • Integration of environmental, social, and/or governance (ESG) factors into 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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