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Tax-Advantaged Bond fund

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


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
3
YRS
MANAGING THIS FUND
11
YRS
AT SCHRODERS
14
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
9
YRS
MANAGING THIS FUND
8
YRS
AT SCHRODERS
24
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
9
YRS
MANAGING THIS FUND
8
YRS
AT SCHRODERS
23
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
0
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 6/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Schroders Tax-Aware Bond I 0.37 2.45 5.07 3.08 --- 4.81
Benchmark 1.06 4.17 5.10 3.25 --- ---
Morningstar Intermediate Core Bond Category -1.22 0.77 5.26 3.02 --- ---
 
CUMULATIVE %
(as of 6/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Schroders Tax-Aware Bond I 0.37 2.45 5.07 3.08 --- 4.81
Benchmark 1.06 4.17 5.10 3.25 --- ---
Morningstar Intermediate Core Bond Category -1.22 0.77 5.26 3.02 --- ---

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.

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

Characteristics

FUND ESSENTIALS
Inception Date 10/03/2011
Net Assets $466 million
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
132
# of Holdings
211
Holdings Characteristics
Effective Duration
3.63 yrs
Credit Exposure (%)
Aaa/AAA 32
Aa/AA 16
A 33
Baa/BBB 18
Ba/BB 0
B 0
Caa/CCC or lower 0
Not Rated 0
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.
Top Ten Issuers (%)
U.S. Treasury Notes 17.22
Kentucky Public Energy Auth 3.07
Main Street, GA, Natural Gas, Inc. 2.96
JPMorgan Chase & Co. 2.82
Louisiana State Local Govt Environmental Facs & Community Dev Auth Rev 2.68
Chicago, IL, O'Hare International Airport 2.15
Illinois Housing Dev Auth 1.90
Minnesota Housing Finance Agency Rev 1.64
Rhode Island Housing & Mortgage Finance Corp. 1.51
Macquarie Group Ltd. 1.50
Total Portfolio % 37.45
U.S. Treasury Notes 5.40
Kentucky Public Energy Auth 3.18
Main Street, GA, Natural Gas, Inc. 3.09
State of Maryland Department of Transportation 2.93
Louisiana Local Gov't Environmental Facs. & Community Dev. Auth 2.76
JPMorgan Chase & Co. 2.52
Curators of The University Of Missouri, MI, Rev 2.42
Chicago, IL, O'Hare International Airport Rev 2.21
New York State Dormitory Auth Rev 2.01
Illinois Housing Dev Auth 1.99
Total Portfolio % 28.51
Yields (%) (as of 6/30/21)
30-Day SEC Yield
0.65
Unsubsidized 30-Day SEC Yield
0.54
Tax Exempt Municipal Sector Exposure
Fed Agency 13
Corp Supported 11
Transportation 8
Housing 5
General Obligation 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
5/28/2021 11.39 $0.0107 $0.0000 $0.0000 $0.0107
4/30/2021 11.38 $0.0127 $0.0000 $0.0000 $0.0127
3/30/2021 11.33 $0.0116 $0.0000 $0.0000 $0.0116
2/26/2021 11.30 $0.0151 $0.0000 $0.0000 $0.0151
1/29/2021 11.46 $0.0108 $0.0000 $0.0000 $0.0108
12/30/2020 11.42 $0.0135 $0.0000 $0.0000 $0.0135
12/18/2020 11.42 $0.0000 $0.0895 $0.0653 $0.1548
11/27/2020 11.53 $0.0139 $0.0000 $0.0000 $0.0139
10/30/2020 11.44 $0.0127 $0.0000 $0.0000 $0.0127
9/29/2020 11.48 $0.0141 $0.0000 $0.0000 $0.0141
8/31/2020 11.49 $0.0133 $0.0000 $0.0000 $0.0133
7/31/2020 0.00 $0.0134 $0.0000 $0.0000 $0.0134
6/29/2020 0.00 $0.0142 $0.0000 $0.0000 $0.0142
Past distributions are not indicative of future distributions.

Fund Literature


07/22/2021 - PDF (300 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
07/30/2021 - PDF (379 KB)
Current quarterly commentary from sub-adviser, Schroders, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
PDF (151 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
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. • 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.

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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, ETF or closed-end interval fund prospectus or summary prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds and the closed-end interval fund are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA/SIPC. Exchange-traded products 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. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain funds. Hartford Funds refers to Hartford Funds Management Group, Inc. and its subsidiaries, including HFD, HFMC, and Lattice, 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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