The Bloomberg US Aggregate Bond Index is a widely used proxy for the US bond market. The duration of the Index is currently 6.3 years vs. its long-term average of 4.9 years. Duration measures the sensitivity of bonds to changes in interest rates and can pose a growing risk to bond returns, especially when interest rates are rising. Investors should work with their financial professionals to seek bond funds that offer attractive yields without significant duration risk.
Duration of the Bloomberg US Aggregate Bond Index (1/31/78-6/30/23)
Indices are unmanaged and not available for direct investment. For illustrative purposes only. Data sources: Barclays Live, Bloomberg, and Hartford Funds, 7/23.
Select Hartford Funds and ETFs With Short Duration*
Morningstar ratings for Mutual Fund I-Shares and ETFs
*Funds/ETFs listed have a duration of approximately three years or less; duration is subject to change. View the full list of Hartford Funds.
ETFs are not mutual funds. Unlike traditional open-ended mutual funds, ETF shares are bought and sold in the secondary market through a stockbroker. ETFs trade on major stock exchanges and their prices will fluctuate throughout the day. Both ETFs and mutual funds are subject to risk and volatility.
Talk to your financial professional about bond funds that seek to manage duration risk.
Bloomberg US Aggregate Bond Index is composed of securities from the Bloomberg Government/Credit Bond Index, Mortgage-Backed Securities Index, Asset-Backed Securities Index, and Commercial Mortgage-Backed Securities Index.
“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.
Important Risks: 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. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable.
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