• The Bloomberg Municipal Bond Index^* currently has an attractive yield relative to a comparable taxable index.

• States are flush with cash in the aftermath of pandemic stimulus, which could help municipal bonds weather an economic slowdown.

• Municipal bonds have historically defaulted at a much lower rate than corporate bonds. 

^* Bloomberg Municipal Bond Index is designed to cover the USD-denominated long-term tax exempt bond market.

“Bloomberg^®” and any Bloomberg Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the indices (collectively, “Bloomberg”) and have been licensed for use for certain purposes by Hartford Funds. Bloomberg is not affiliated with Hartford Funds, and Bloomberg does not approve, endorse, review, or recommend any Hartford Funds product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to Hartford Fund products.

Investing involves risk, including the possible loss of principal. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • Municipal securities may be adversely impacted by state/local, political, economic, or market conditions. Although investments in municipal securities are exempt from federal income taxes, investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable.