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Objective
Seeks to provide current income that is generally exempt from federal income taxes, and long-term total return, through investments within a sustainability framework.
Overview
A municipal bond fund with a sustainability focus that is generally diversified across states, sectors, and credit quality.
Portfolio Management
9
YRS
MANAGING THIS FUND
14
YRS
AT WELLINGTON MANAGEMENT
28
YRS
EXPERIENCE IN THIS INDUSTRY
9
YRS
MANAGING THIS FUND
19
YRS
AT WELLINGTON MANAGEMENT
36
YRS
EXPERIENCE IN THIS INDUSTRY
1
YRS
MANAGING THIS FUND
23
YRS
AT WELLINGTON MANAGEMENT
23
YRS
EXPERIENCE IN THIS INDUSTRY
The portfolio managers are supported by the full resources of Wellington.
Performance
PERFORMANCE %
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.
SI = Since Inception. Fund Inception: 05/29/2015
Returns prior to 4/30/21 reflect the Fund’s performance when it pursued a different objective and principal investment strategy.
Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.
Characteristics
FUND STATS
| Dividend Frequency | Monthly |
|---|
Holdings Characteristics
| FUND | Bloomberg Municipal Bond Index | |
|---|---|---|
| Yield to Worst (%) | 3.81% | 3.47% |
| Effective Duration | 6.04 yrs | 5.97 yrs |
Yields (%)
(as of 11/30/24)
| Distribution Yield at NAV | 2.66 |
| 30-Day SEC Yield | 2.92 |
|
Unsubsidized 30-Day SEC Yield
|
2.80 |
Revenue Sector Exposure (%)
Top Ten Issuers (%)
| California Municipal Finance Auth, CA, Rev | 2.76 |
| Central Texas Regional Mobility Auth, TX, Rev | 2.43 |
| Massachusetts Dev Finance Agency, MA, Rev | 2.35 |
| State of Illinois, IL, GO | 2.20 |
| Chicago Board of Education, IL, GO | 2.11 |
| California Community Choice Financing Auth, CA, Rev | 1.92 |
| New York State Dormitory Auth, NY, Rev | 1.88 |
| South Carolina Jobs-Economic Dev Auth, SC, Rev | 1.85 |
| School Dist of Philadelphia, PA, GO | 1.71 |
| Public Finance Auth, WI, Rev | 1.67 |
| Total Portfolio % | 20.88 |
Credit Exposure (%)
| Aaa/AAA | 7 |
| Aa/AA | 35 |
| A | 37 |
| Baa/BBB | 11 |
| Ba/BB | 7 |
| B | 0 |
| Caa/CCC or lower | 0 |
| Not Rated | 3 |
| Cash & Cash Offsets | 0 |
Credit exposure is the credit ratings for the underlying securities of the Fund as provided by Standard and Poor's (S&P), Moody's Investors Service, or Fitch and typically range from AAA/Aaa (highest) to C/D (lowest). If S&P, Moody's, and Fitch assign different ratings, the median rating is used. If only two agencies assign ratings, the lower rating is used. Securities that are not rated by any of the three agencies are listed as "Not Rated." Ratings do not apply to the Fund itself or to Fund shares. Ratings may change.
Municipal Sector Exposure (%)
distributions and capital gains
| Distribution Date | Distribution NAV | ordinary income | short term capital gains | long term capital gains | total distribution |
|---|---|---|---|---|---|
| 11/29/2024 | 10.15 | $0.0225 | $0.0000 | $0.0000 | $0.0225 |
| 10/31/2024 | 10.02 | $0.0223 | $0.0000 | $0.0000 | $0.0223 |
| 9/30/2024 | 10.18 | $0.0230 | $0.0000 | $0.0000 | $0.0230 |
| 8/30/2024 | 10.11 | $0.0220 | $0.0000 | $0.0000 | $0.0220 |
| 7/31/2024 | 10.05 | $0.0220 | $0.0000 | $0.0000 | $0.0220 |
| 6/28/2024 | 9.98 | $0.0221 | $0.0000 | $0.0000 | $0.0221 |
| 5/31/2024 | 9.84 | $0.0218 | $0.0000 | $0.0000 | $0.0218 |
| 4/30/2024 | 9.86 | $0.0212 | $0.0000 | $0.0000 | $0.0212 |
| 3/28/2024 | 9.99 | $0.0214 | $0.0000 | $0.0000 | $0.0214 |
| 2/29/2024 | 10.00 | $0.0225 | $0.0000 | $0.0000 | $0.0225 |
| 1/31/2024 | 10.01 | $0.0220 | $0.0000 | $0.0000 | $0.0220 |
| 12/29/2023 | 10.03 | $0.0213 | $0.0000 | $0.0000 | $0.0213 |
| 12/15/2023 | 9.98 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
Past distributions are not indicative of future distributions.
Insights
Fund Literature
09/30/2024 - PDF (202 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
09/30/2024 - PDF (161 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
PDF (162 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision
09/30/2024 - PDF (791 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, and general portfolio parameters.
09/30/2024 - PDF (413 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
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.
Important Risks: Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • 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. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • Applying sustainability criteria to the investment process may result in foregoing certain investments and underperformance comparative to funds that do not have a similar focus. There is a risk that the securities identified by the sub-adviser as meeting its sustainable investing criteria do not operate as anticipated.
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.
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