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Lower Valuations
Emphasizes US equities that exhibit multiple favorable value characteristics and have lower market valuations relative to the Russell 1000 Index
Potential Growth Upside
Considers quality and growth factors to avoid searching for the cheapest names only
Diversified Drivers of Return
Aims to target more efficient value factor exposure than traditional cap-weighted indexes
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.
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 7/24/2026)
FUND STATS (as of 6/30/2026)
| Turnover | 42% |
|---|
Holdings Characteristics (as of 6/30/2026)
| Price/Earnings | 13.5x |
|---|---|
| Price/Book | 2.6x |
| Return on Equity | 27.6% |
| Nominal Companies | 141 |
| Effective Companies | 87 |
| Debt to Equity | 175.6% |
Sector Exposure (%)
TRADING DETAILS
(as of 7/24/2026)
| Ticker | VMAX |
| CUSIP | 518416847 |
| IOPV TICKER | VMAX.IV |
| Stock Exchange | Cboe BZX Exchange, Inc. |
| Market Price Close | $63.40 |
| Market Price Change | $0.22 |
| Net Asset Value (NAV) | $63.42 |
| NAV Change | $0.20 |
| Premium/Discount | -0.03% |
| 30 Day Median Bid/Ask Spread | 0.13% |
Top Ten Holdings (%)
(as of 7/27/2026)
| BANK OF NEW YORK MELLON CORP COMMON STOCK | 2.41 |
| STATE STREET CORP COMMON STOCK USD1.0 | 2.39 |
| US BANCORP COMMON STOCK USD.01 | 2.11 |
| SEAGATE TECHNOLOGY HOLDINGS COMMON STOCK USD.00001 | 2.02 |
| CITIGROUP INC COMMON STOCK USD.01 | 1.95 |
| MERCK + CO. INC. COMMON STOCK USD.5 | 1.92 |
| ALPHABET INC CL A COMMON STOCK USD.001 | 1.86 |
| JOHNSON + JOHNSON COMMON STOCK USD1.0 | 1.74 |
| CONOCOPHILLIPS COMMON STOCK USD.01 | 1.68 |
| TARGET CORP COMMON STOCK USD.0833 | 1.66 |
| Total of Top Ten Holdings % | 19.74 |
Market Cap Distribution (%) (as of 6/30/2026)
| Less than $2B | 0 | |
| $2B - $10B | 15 | |
| $10B - $100B | 42 | |
| Greater than $100B | 43 | |
distributions and capital gains
| Ex-dividend date | record date | payable date | ordinary income | short term capital gains | long term capital gains | total distribution |
|---|---|---|---|---|---|---|
| 6/25/2026 | 6/25/2026 | 6/29/2026 | $0.2713 | $0.0000 | $0.0000 | $0.2713 |
| 3/25/2026 | 3/25/2026 | 3/27/2026 | $0.2465 | $0.0000 | $0.0000 | $0.2465 |
| 12/23/2025 | 12/23/2025 | 12/26/2025 | $0.3943 | $0.0000 | $0.0000 | $0.3943 |
| 9/25/2025 | 9/25/2025 | 9/29/2025 | $0.2508 | $0.0000 | $0.0000 | $0.2508 |
Past distributions are not indicative of future distributions.
Resources
Important Risks: Investing involves risk, including the possible loss of principal. Security prices of the Fund's underlying holdings will fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The market price of the Fund's shares will fluctuate in response to changes in the Fund's net asset value, intraday value of the Fund's holdings, and the supply and demand for shares on the exchange. • 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. • The securities of large market capitalization companies may underperform other segments of the market. • Value stocks may go in and out of favor which may cause the Fund to underperform other equity funds that invest in other types of stocks. • Investments focused in an industry or group of industries may increase volatility and risk.
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.
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