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Taxable Bond etf

Hartford AAA CLO ETF   

TICKER
TRPA

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      Taxable Bond etf

      Hartford AAA CLO ETF   
      Ticker - TRPA

      Effective 2/12/24, the Fund changed its objective, principal investment strategy, portfolio managers and benchmark as well as reduced the Fund’s management fee rate.

      Seeks High-Quality Income

       

      Invests primarily in AAA-rated collateralized loan obligations (CLOs), which have provided attractive income potential and no defaults over the past 30 years

      In-Depth Analysis

       

      The investment team looks at each CLO on an individual basis, including the CLO manager, collateral, and structure

      Sub-advised by Wellington

       

      Wellington prioritizes independent thought and collaboration across all major asset classes

      Objective: Seeks to provide capital preservation and current income

      Portfolio Management
      Senior Managing Director
      Fixed-Income Portfolio Manager
      1
      YRS
      MANAGING THIS FUND
      19
      YRS
      AT WELLINGTON MANAGEMENT
      29
      YRS
      EXPERIENCE IN THIS INDUSTRY
      Managing Director
      Fixed-Income Portfolio Manager
      1
      YRS
      MANAGING THIS FUND
      18
      YRS
      AT WELLINGTON MANAGEMENT
      26
      YRS
      EXPERIENCE IN THIS INDUSTRY

      The portfolio managers are supported by the full resources of Wellington.

      Performance

      PERFORMANCE %
       
      CUMULATIVE %
      (as of 3/31/2025)
      AVERAGE ANNUAL TOTAL RETURNS %
      (as of 3/31/2025)
      YTD 1YR 3YR 5YR 10YR SI 1
      Hartford AAA CLO ETF (TRPA, NAV) 1.03 6.21 4.33 3.92 --- 3.20
      Hartford AAA CLO ETF (TRPA, Market Price) 1.06 6.40 4.43 4.13 --- 3.22
      Benchmark 1.08 6.26 6.02 5.26 3.44 ---
      Morningstar Ultrashort Bond Category 1.17 5.49 4.49 3.20 2.16 ---
       
      CUMULATIVE %
      (as of 3/31/2025)
      AVERAGE ANNUAL TOTAL RETURNS %
      (as of 3/31/2025)
      YTD 1YR 3YR 5YR 10YR SI1
      Hartford AAA CLO ETF (TRPA, NAV) 1.03 6.21 4.33 3.92 --- 3.20
      Hartford AAA CLO ETF (TRPA, Market Price) 1.06 6.40 4.43 4.13 --- 3.22
      Benchmark 1.08 6.26 6.02 5.26 3.44 ---
      Morningstar Ultrashort Bond Category 1.17 5.49 4.49 3.20 2.16 ---

      SI = Since Inception. Fund Inception: 05/30/2018

      Returns prior to 2/12/24 reflect the performance of the Fund under its prior objective and principal investment strategy.

      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.

      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 4/17/2025)
      Ticker TRPA
      Inception Date 05/30/2018
      Net Assets $104,468,258
      Total Operating Expenses 0.24%
      Shares Outstanding 2,700,000
      Distributor ALPS Distributors, Inc.
      CUSIP 41653L602
      Morningstar Category Ultrashort Bond
      Lipper Classification Loan Participation Funds
      FUND STATS
      Yield to Worst (%)
      5.36%
      Dividend Frequency
      Monthly
      Effective Duration
      0.02 yrs
      Top Ten Holdings (%) (as of 4/17/2025)
      ARES CLO LTD ARES 2013 2A AR3 144A 3.55
      ELMWOOD CLO 23 LTD ELM23 2023 2A A 144A 2.87
      OCTAGON 67 LTD 04/36 1 1.99
      KKR FINANCIAL CLO LTD KKR 2023 52A A1 144A 1.92
      BAIN CAPITAL CREDIT CLO, LIMIT BCC 2023 1A AN 144A 1.92
      INVESCO CLO 2022 2, LTD. INVCO 2022 2A A1 144A 1.91
      KINGS PARK CLO LTD KINGP 2021 1A A 144A 1.91
      BENEFIT STREET PARTNERS CLO LT BSP 2018 15A A1R 144A 1.90
      APIDOS CLO LTD APID 2022 40A AR 144A 1.90
      AGL CLO 3 LTD. AGL 2020 3A A1R 144A 1.89
      Total of Top Ten Holdings % 21.76
      TRADING DETAILS (as of 4/17/2025)
      Ticker TRPA
      CUSIP 41653L602
      IOPV TICKER TRPA.IV
      Stock Exchange Cboe BZX Exchange, Inc.
      Close $38.67
      Change $0.09
      Change % 0.22%
      Net Asset Value(NAV)
      NAV Change
      NAV Change %
      Premium/Discount -0.07%
      30 Day Median Bid/Ask Spread
      0.23%
      Yields (%) (as of 3/31/25)
      Distribution Yield at NAV
      5.21
      Trailing 12 Month Yield
      6.43
      30-Day SEC Yield
      5.54
      Unsubsidized 30-Day SEC Yield
      5.54
      distributions and capital gains
      Ex-dividend date record date payable date ordinary income short term capital gains long term capital gains total distribution
      3/28/2025 3/28/2025 4/1/2025 $0.1684 $0.0000 $0.0000 $0.1684
      2/27/2025 2/27/2025 3/3/2025 $0.1623 $0.0000 $0.0000 $0.1623
      1/30/2025 1/30/2025 2/3/2025 $0.1694 $0.0000 $0.0000 $0.1694
      12/31/2024 12/31/2024 1/3/2025 $0.3139 $0.0000 $0.0000 $0.3139
      12/17/2024 12/17/2024 12/19/2024 $0.0000 $0.0000 $0.0000 $0.0000
      11/27/2024 11/27/2024 12/2/2024 $0.1821 $0.0000 $0.0000 $0.1821
      10/30/2024 10/30/2024 11/1/2024 $0.2169 $0.0000 $0.0000 $0.2169
      9/27/2024 9/27/2024 10/1/2024 $0.1897 $0.0000 $0.0000 $0.1897
      8/29/2024 8/29/2024 9/3/2024 $0.2112 $0.0000 $0.0000 $0.2112
      7/30/2024 7/30/2024 8/1/2024 $0.2436 $0.0000 $0.0000 $0.2436
      6/27/2024 6/27/2024 7/1/2024 $0.2000 $0.0000 $0.0000 $0.2000
      5/30/2024 5/30/2024 6/3/2024 $0.2473 $0.0000 $0.0000 $0.2473
      4/26/2024 4/29/2024 5/1/2024 $0.1882 $0.0000 $0.0000 $0.1882
      Past distributions are not indicative of future distributions.

      Fund Literature


      12/31/2024 - PDF (243 KB)
      Overview of Hartford AAA CLO ETF, which can help limit interest-rate risk and generate income.
      12/31/2024 - PDF (136 KB)
      Current quarterly commentary from our sub-adviser, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
      PDF (113 KB)
      A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
      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.
      PDF (13 KB)
      A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.
      An audited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
      PDF (13 KB)
      A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.
      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. • The Fund is actively managed and does not seek to replicate the performance of a specified index. • The Fund invests significantly in collateralized loan obligations (CLOs) which are associated with a number of risks including liquidity, interest-rate, credit, event, and call risk as well as the risk of default of the underlying assets. CLOs are managed by investment advisers who may have conflicts of interest or limited operating histories. Newly issued CLOS purchased in the primary market typically experience delayed or extended settlement periods. • To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur. • Loans can be difficult to value and less liquid than other types of debt instrument; they are also subject to nonpayment, collateral, bankruptcy, default, extension, prepayment and insolvency risks. • Restricted securities may be more difficult to sell and price than other securities. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political, economic and regulatory developments. • Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. • The Fund may effect creations and redemptions partly or wholly for cash, rather than in-kind, which may make the Fund less tax-efficient and incur more fees than an ETF that primarily or wholly effects creations and redemptions in-kind.

      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 Funds products.

      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.
      IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every fifteen seconds throughout the trading day.
      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: Hartford Funds and Wellington Management.
      4367329 HFA002953