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Factor-Based etf

Hartford US Value ETF   

TICKER
VMAX

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Factor-Based etf

Hartford US Value ETF   
Ticker - VMAX

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

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 6/30/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2024)
YTD 1YR 3YR 5YR 10YR SI 1
Hartford US Value ETF (VMAX, NAV) 10.33 --- --- --- --- 17.42
Hartford US Value ETF (VMAX, Market Price) 10.31 --- --- --- --- 17.57
Underlying Index (Hartford US Value Index - LVMAXX) 10.46 23.32 --- --- --- ---
Reference Index 6.62 13.06 5.52 9.01 8.23 ---
Morningstar Large Value Category 7.33 14.82 6.46 9.86 8.44 ---
 
CUMULATIVE %
(as of 6/30/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2024)
YTD 1YR 3YR 5YR 10YR SI1
Hartford US Value ETF (VMAX, NAV) 10.33 --- --- --- --- 17.42
Hartford US Value ETF (VMAX, Market Price) 10.31 --- --- --- --- 17.57
Underlying Index (Hartford US Value Index - LVMAXX) 10.46 23.32 --- --- --- ---
Reference Index 6.62 13.06 5.52 9.01 8.23 ---
Morningstar Large Value Category 7.33 14.82 6.46 9.86 8.44 ---

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 7/12/2024)
Ticker VMAX
Underlying Index LVMAXX
Inception Date 12/05/2023
Net Assets $5,910,317
Total Operating Expenses 0.29%
Shares Outstanding 125,000
Distributor ALPS Distributors, Inc.
CUSIP 518416847
Morningstar Category Large Value
Lipper Classification Large-Cap Value Funds
Top Ten Holdings (%) (as of 7/12/2024)
VISTRA CORP COMMON STOCK USD.01 2.38
CITIGROUP INC COMMON STOCK USD.01 2.28
DELL TECHNOLOGIES C COMMON STOCK 2.15
BANK OF AMERICA CORP COMMON STOCK USD.01 1.86
JPMORGAN CHASE + CO COMMON STOCK USD1.0 1.84
VERIZON COMMUNICATIONS INC COMMON STOCK USD.1 1.76
EOG RESOURCES INC COMMON STOCK USD.01 1.73
HP INC COMMON STOCK USD.01 1.72
MARATHON PETROLEUM CORP COMMON STOCK USD.01 1.71
META PLATFORMS INC CLASS A COMMON STOCK USD.000006 1.65
Total of Top Ten Holdings % 19.08
TRADING DETAILS (as of 7/12/2024)
Ticker VMAX
CUSIP 518416847
IOPV TICKER VMAX.IV
Stock Exchange Cboe BZX Exchange, Inc.
Close ---
Change ---
Change % ---
Net Asset Value(NAV)
NAV Change
NAV Change %
Premium/Discount ---
30 Day Median Bid/Ask Spread
---
distributions and capital gains
Ex-dividend date record date payable date ordinary income short term capital gains long term capital gains total distribution
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.
Fund Literature

03/31/2024 - PDF (211 KB)
This Fact Sheet summarizes the ETFs investment approach, portfolio statistics, top holdings, and the current performance.
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03/31/2024 - PDF (199 KB)
Learn about the Hartford US Value ETF
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03/31/2024 - PDF (193 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.
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03/31/2024 - PDF (882 KB)
Hartford Funds helps your clients build stronger portfolios to realize better outcomes.
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03/31/2024 - PDF (512 KB)
Hartford Funds offers a variety of systematic ETFs across styles and regions to help investors meet their long-term goals.
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03/31/2024 - 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.
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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.
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03/31/2024 - PDF (473 KB)
This Pitchbook reviews the ETF's investment approach, investment team, investment process, and general portfolio parameters.
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PDF (3 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.
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A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.
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PDF (13 KB)
A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.
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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.
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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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