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Objective
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 US large-cap equity securities and is designed to consist of US equities with favorable value characteristics and relatively lower market valuations.
Overview
Designed to provide efficient exposure to the US large-cap value equity market
Our systematic, rules-based index methodology is designed to simultaneously address risks while seeking exposures to return-enhancing factors:
CREATE A DOMESTIC UNIVERSE
Top 1,000 US companies by estimated free float market capitalization
CREATE A VALUE FOOTPRINT
Establish risk parameters and control for concentration risks based on a subset of companies determined by historical value metrics
MAXIMIZE VALUE EXPOSURE
Select and weight securities to maximize exposure to value while balancing other fundamental and technical characteristics
Underlying Index: Hartford US Value Index (Bloomberg Ticker: LVMAXX)
Performance
PERFORMANCE %
SI = Since Inception. Fund Inception: 12/05/2023
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.
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.
Characteristics
Fund Essentials
(as of 10/21/2024)
Top Ten Holdings (%)
(as of 10/22/2024)
| HP INC COMMON STOCK USD.01 | 1.96 |
| CVS HEALTH CORP COMMON STOCK USD.01 | 1.96 |
| EOG RESOURCES INC COMMON STOCK USD.01 | 1.86 |
| M + T BANK CORP COMMON STOCK USD.5 | 1.76 |
| CITIGROUP INC COMMON STOCK USD.01 | 1.74 |
| WELLS FARGO + CO COMMON STOCK USD1.666 | 1.58 |
| LINCOLN NATIONAL CORP COMMON STOCK | 1.53 |
| STEEL DYNAMICS INC COMMON STOCK USD.005 | 1.45 |
| AT+T INC COMMON STOCK USD1.0 | 1.45 |
| NRG ENERGY INC COMMON STOCK USD.01 | 1.44 |
| Total of Top Ten Holdings % | 16.73 |
TRADING DETAILS
(as of 10/21/2024)
| Ticker | VMAX |
| CUSIP | 518416847 |
| IOPV TICKER | VMAX.IV |
| Stock Exchange | Cboe BZX Exchange, Inc. |
| Close | $49.71 |
| Change | $-0.64 |
| Change % | -1.28% |
| Net Asset Value(NAV) | $49.68 |
| NAV Change | $-0.63 |
| NAV Change % | -1.25% |
| Premium/Discount | 0.07% |
| 30 Day Median Bid/Ask Spread |
0.14% |
distributions and capital gains
| Ex-dividend date | record date | payable date | ordinary income | short term capital gains | long term capital gains | total distribution |
|---|---|---|---|---|---|---|
| 9/26/2024 | 9/26/2024 | 9/30/2024 | $0.2735 | $0.0000 | $0.0000 | $0.2735 |
| 6/27/2024 | 6/27/2024 | 7/1/2024 | $0.2129 | $0.0000 | $0.0000 | $0.2129 |
| 3/25/2024 | 3/26/2024 | 3/28/2024 | $0.2160 | $0.0000 | $0.0000 | $0.2160 |
| 12/22/2023 | 12/26/2023 | 12/28/2023 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
Past distributions are not indicative of future distributions.
Insights
Fund Literature
09/30/2024 - PDF (232 KB)
This Fact Sheet summarizes the ETFs investment approach, portfolio statistics, top holdings, and the current performance.
09/30/2024 - PDF (185 KB)
Learn about the Hartford US Value ETF
09/30/2024 - PDF (197 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.
09/30/2024 - PDF (522 KB)
Hartford Funds offers a variety of systematic ETFs across styles and regions to help investors meet their long-term goals.
09/30/2024 - PDF (498 KB)
Looking to differentiate your practice to adapt to changing client needs and expectations? Our products and tools not only seek to strengthen bottom lines, but strengthen client relationships.
06/30/2024 - PDF (902 KB)
Hartford Funds helps your clients build stronger portfolios to realize better outcomes.
PDF (133 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
06/30/2024 - PDF (475 KB)
This Pitchbook reviews the ETF's investment approach, investment team, investment process, and general portfolio parameters.
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.
Important Risks: The Fund is new and has a limited operating history. 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. The Fund's share price may fluctuate due to changes in the relative supply of and demand for the shares on an exchange. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • 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. • Different investment styles may go in and out of favor, which may cause the Fund to underperform the broader stock market.
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.
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.
3271124 LAT002552