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Overview
- Seek companies that comprise industries that reflect certain themes that are expected to benefit from the growth of the aging population and the substantial buying power it represents.
- Enhance return potential through multifactor stock selection while applying a comprehensive risk framework to overall index construction.
Description of Methodology
Hartford Longevity Economy Index (the "Index") seeks to enhance return potential available from investment in the initial capitalization-weighted universe. The Index is designed to generate attractive risk-adjusted returns by investing in companies that comprise industries that reflect certain themes that are expected to benefit from the growth of the aging population and the substantial buying power it represents. The Index methodology seeks to enhance return potential through multifactor stock selection while applying comprehensive risk framework to overall Index construction. The rules-based, proprietary methodology utilizes an optimization process to help achieve the desired composition and targeted characteristics, relative sector and size constraints and positive value, momentum, and quality relative factor scores at the portfolio level.
Performance
PERFORMANCE %
|
CUMULATIVE %
(as of 3/31/2024)
|
AVERAGE ANNUAL TOTAL RETURNS %
(as of 3/31/2024)
|
|||||||
|---|---|---|---|---|---|---|---|---|
| YTD | 1YR | 3YR | 5YR | 10YR | SI 1 | |||
| Hartford Longevity Economy Index | 10.54 | 27.57 | 8.62 | --- | --- | 10.45 | ||
|
CUMULATIVE %
(as of 3/31/2024)
|
AVERAGE ANNUAL TOTAL RETURNS %
(as of 3/31/2024)
|
|||||||
|---|---|---|---|---|---|---|---|---|
| YTD | 1YR | 3YR | 5YR | 10YR | SI1 | |||
| Hartford Longevity Economy Index | 10.54 | 27.57 | 8.62 | --- | --- | 10.45 | ||
SI = Since Inception. Index Inception: 12/31/2020
Past performance does not guarantee future results.
Performance reflects cumulative total returns for periods of less than one year and average annual total returns for periods of one year or greater.
Indices are unmanaged and not available for direct investment.
Characteristics
KEY FACTS
(as of 4/24/2024)
| Ticker | LHLGEX Index |
| Inception Date | 12/31/2020 |
| Current Index Value | 1323.30 |
| Last Closing Level | 1321.19 |
| Change | 2.11 |
| Change % | 0.16% |
| 52-Week-High | 1381.34 |
| 52-Week-Low | 1048.95 |
| Number Of Holdings | 339 |
Holdings Characteristics
| % in Foreign Equities | 0 |
|---|---|
| % in Equities | 100 |
| Price/Earnings | 17.5x |
| Price/Book | 3.6x |
| EPS Growth Rate | 11.8% |
| Asset Weighted Market Cap (billions) | $197.8 |
| Price/Earnings | 21.8x |
| Return on Equity | 27.0% |
| Median Market Cap (billions) | $23.1 |
| Nominal Companies | 324 |
| Effective Companies | 179 |
| Debt to Equity | 268.4% |
| Index Dividend Yield (%) | 1.38 |
Sector Exposure (%)
Important Notes
The Indices' Provider (Lattice Strategies LLC ("Lattice Strategies" or "Lattice"), a wholly owned subsidiary of Hartford Funds Management Company, LLC ("HFMC")) is responsible for the methodology and selection of each index component. Harford Longevity Economy Index (the "Index") is the property of Lattice, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors and none of those parties will be liable for any errors or omissions in calculating the Index.
Index returns do not represent actual fund or portfolio returns. A fund or portfolio may differ significantly from the index. The index does not reflect any management fees, transaction fees, brokerage expenses, or other expenses that may reduce returns. Index returns assume that dividends have been reinvested. Investors cannot invest directly in the Index.
The Indices' Provider (Lattice Strategies LLC ("Lattice Strategies" or "Lattice"), a wholly owned subsidiary of Hartford Funds Management Company, LLC ("HFMC")) is responsible for the methodology and selection of each index component. Harford Longevity Economy Index (the "Index") is the property of Lattice, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors and none of those parties will be liable for any errors or omissions in calculating the Index.
Index returns do not represent actual fund or portfolio returns. A fund or portfolio may differ significantly from the index. The index does not reflect any management fees, transaction fees, brokerage expenses, or other expenses that may reduce returns. Index returns assume that dividends have been reinvested. Investors cannot invest directly in the Index.
Top Ten Holdings (%)
| Super Micro Computer Inc | 2.26 |
| Meta Platforms Inc | 1.44 |
| Broadcom Inc | 1.20 |
| Eli Lilly and Co | 1.10 |
| CommVault Systems Inc | 1.03 |
| Dell Technologies Inc | 1.02 |
| Pure Storage Inc | 1.01 |
| CarGurus Inc | 0.99 |
| JPMorgan Chase & Co | 0.93 |
| Microsoft Corp | 0.93 |
| Total Portfolio % | 11.91 |
Holdings are subject to change. Percentages may be rounded.
Market Cap Distribution (%)
| Less than $2B | 4 | |
| $2B - $10B | 19 | |
| $10B - $100B | 45 | |
| Greater than $100B | 32 | |
Investing involves risk, including the possible loss of principal.
Sources for all data: Bloomberg and Hartford Funds.
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