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Tax-Advantaged Bond fund

Hartford Schroders Tax-Aware Bond Fund   
View ETF version

SHARE CLASS
NAV
$10.13
NAV CHANGE
MORNINGSTAR RATING:
Overall, 5 stars, 3-Year, 5 stars, 5-Year, 5 stars, and 10-Year, 5 stars, rated against 431, 431, 387 and 273 products, respectively. Morningstar RatingTM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures . Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
overall (as of 10/31/2024)
431 PRODUCTS
Intermediate Core Bond Category
Based on Risk-Adjusted Returns
MORNINGSTAR RATING:
Overall, 5 stars, 3-Year, 5 stars, 5-Year, 5 stars, and 10-Year, 5 stars, rated against 431, 431, 387 and 273 products, respectively. Morningstar RatingTM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures . Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
overall (as of 10/31/2024)
431 PRODUCTS
Intermediate Core Bond Category
Based on Risk-Adjusted Returns
Key Documents
      Actions

      Tax-Advantaged Bond fund

      Hartford Schroders Tax-Aware Bond Fund   
      Share Class - SDR (HFKVX)
      View ETF version

      A Different Approach to Core Bond Investing

      Combining investment grade tax-exempt bonds with taxable fixed income may help investors seeking total returns on an after-tax basis.

      After-Tax Returns of Fixed Income Indices

      2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
      US
      Municipals
      6.05%       		US
      Municipals
      3.31%       		US
      Corporates
      3.85%
      		US
      Municipals
      4.48%       		US
      Municipals
      1.66%       		US
      Corporates
      11.07%
      		US
      Corporates
      8.03%
      		US
      Municipals
      1.91%       		US
      Municipals
      -5.97%       		US
      Corporates
      6.59%
      US
      Corporates
      3.39%
      		US
      Treasuries
      0.93%      		 US
      Treasuries
      0.42%      		 US
      Corporates
      3.36%
      		US
      Treasuries
      0.49%      		 US
      Municipals
      7.70%       		US
      Treasuries
      7.76%      		 US
      Corporates
      -2.46%
      		US
      Treasuries
      -9.95%      		 US
      Municipals
      5.78%
      US
      Treasuries
      2.96%      		 US
      Corporates
      -0.50%
      		US
      Municipals
      0.26%       		US
      Treasuries
      0.66%      		 US
      Corporates
      -2.22%
      		US
      Treasuries
      5.89%      		 US
      Municipals
      5.63%       		US
      Treasuries
      -3.38%      		 US
      Corporates
      -12.50%
      		US
      Treasuries
      3.53%

      Source: Bloomberg and Schroders, through 2023.
      Past performance does not guarantee future results.Indices are unmanaged and not available for direct investment.
      US Corporates are represented by the Bloomberg US Credit Corporate 5-7 Year Index; US Treasuries are represented by the Bloomberg US Treasury 5-7 Index for 2018-2021 and 2023, the Bloomberg US Treasury 4-7 Year Index from 2014-2017 and the Bloomberg US Treasury 3-7 Year Index for 2022. US Municipals are represented by the Bloomberg Municipal Index 15-year Index for 2021, the Bloomberg Municipal Index 10-year Index for 2019-2020 and 2023, the Bloomberg Municipal Index 7-year Index for 2017-2018, 2014, 2022 and the Bloomberg Municipal Index for 2015-2016. This analysis highlights comparable duration sectors over each period. As the durations of those sectors change, so do the indices used for the analysis. Tax rate used: 43.4% for 2014-2017 and 40.8% for 2018-2023. The tax rates include the net investment income tax. Returns do not reflect state and/or local taxes, nor do they reflect the AMT. Other effective tax rates would have achieved different results. Actual results will vary. Duration between indices within each period is within 0.5 years of one another. Duration is a measure of the sensitivity of an investment’s price to nominal interest-rate movement.

      Portfolio Management
      Lisa Hornby, CFA
      Portfolio Manager
      5
      YRS
      MANAGING THIS FUND
      14
      YRS
      AT SCHRODERS
      17
      YRS
      EXPERIENCE IN THIS INDUSTRY
      Neil G. Sutherland, CFA
      Portfolio Manager
      13
      YRS
      MANAGING THIS FUND
      11
      YRS
      AT SCHRODERS
      27
      YRS
      EXPERIENCE IN THIS INDUSTRY
      Julio C. Bonilla, CFA
      Portfolio Manager
      13
      YRS
      MANAGING THIS FUND
      11
      YRS
      AT SCHRODERS
      26
      YRS
      EXPERIENCE IN THIS INDUSTRY
      David May
      Portfolio Manager
      4
      YRS
      MANAGING THIS FUND
      5
      YRS
      AT SCHRODERS
      14
      YRS
      EXPERIENCE IN THIS INDUSTRY

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

      Performance

      PERFORMANCE %
       
      CUMULATIVE %
      (as of 11/30/2024)
      AVERAGE ANNUAL TOTAL RETURNS %
      (as of 11/30/2024)
      YTD 1YR 3YR 5YR 10YR SI
      Hartford Schroders Tax-Aware Bond SDR 3.57 6.41 0.59 1.56 2.54 3.65
      Benchmark 2.55 4.93 -0.01 1.35 2.45 ---
      Morningstar Intermediate Core Bond Category 3.32 7.09 -1.85 0.11 1.46 ---
       
      CUMULATIVE %
      (as of 9/30/2024)
      AVERAGE ANNUAL TOTAL RETURNS %
      (as of 9/30/2024)
      YTD 1YR 3YR 5YR 10YR SI
      Hartford Schroders Tax-Aware Bond SDR 3.16 12.82 0.36 1.52 2.58 3.66
      Benchmark 2.30 10.37 0.09 1.39 2.52 ---
      Morningstar Intermediate Core Bond Category 4.78 11.56 -1.39 0.43 1.75 ---

      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: 10/03/2011

      Share Class Inception: 10/24/16.
      Class SDR-shares performance from 12/30/14 through 10/21/16 reflects the performance, fees, and expenses of R6 Class of the predecessor fund Schroder Broad Tax-Aware Value Bond Fund (the "Predecessor Fund") and, prior to 12/30/14, the performance, fees, and expenses of the Predecessor Fund's Investor Class. If Class SDR fees and expenses were reflected, performance would have differed. SI performance is calculated from 10/03/11.

      Hartford Schroders Tax-Aware Bond Fund SDR Share Morningstar Ratings
      overall
      (as of 10/31/2024)
      Overall, 5 stars, 3-Year, 5 stars, 5-Year, 5 stars, and 10-Year, 5 stars, rated against 431, 431, 387 and 273 products, respectively. Morningstar RatingTM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures . Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
      ©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
      431 PRODUCTS
      |
      Intermediate Core Bond Category
      Based on Risk-Adjusted Returns
      3 YEAR
      (as of 10/31/2024)
      Overall, 5 stars, 3-Year, 5 stars, 5-Year, 5 stars, and 10-Year, 5 stars, rated against 431, 431, 387 and 273 products, respectively. Morningstar RatingTM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures . Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
      ©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
      431 PRODUCTS
      |
      Intermediate Core Bond Category
      Based on Risk-Adjusted Returns
      5 YEAR
      (as of 10/31/2024)
      Overall, 5 stars, 3-Year, 5 stars, 5-Year, 5 stars, and 10-Year, 5 stars, rated against 431, 431, 387 and 273 products, respectively. Morningstar RatingTM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures . Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
      ©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
      387 PRODUCTS
      |
      Intermediate Core Bond Category
      Based on Risk-Adjusted Returns
      10 YEAR
      (as of 10/31/2024)
      Overall, 5 stars, 3-Year, 5 stars, 5-Year, 5 stars, and 10-Year, 5 stars, rated against 431, 431, 387 and 273 products, respectively. Morningstar RatingTM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures . Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
      ©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
      273 PRODUCTS
      |
      Intermediate Core Bond Category
      Based on Risk-Adjusted Returns
      The Fund’s Class SDR shares have not been in operation for 10 years. Therefore, the Calendar Year Returns (SDR Shares) chart includes performance and operating expenses of another class. For more information, see the prospectus.

      Characteristics

      FUND ESSENTIALS
      Inception Date 10/03/2011
      Net Assets $1.3 billion
      Gross Operating Expenses 0.52%
      Net Operating Expenses 0.47%
      Morningstar Category Intermediate Core Bond
      Lipper Classification General & Insured Municipal Debt Funds
      CUSIP 41665H870
      Fund Number 1804
      FUND STATS
      Dividend Frequency
      		Monthly
      # of Issuers
      		185
      # of Holdings
      		266
      Holdings Characteristics
      Yield to Worst (%)
      		3.96%
      Effective Duration
      		8.28 yrs
      Portfolio Composition (%)
      Tax Exempt Municipal 90
      US Treasuries 5
      Cash and Cash Equivalents 2
      Agency Mortgage Backed Securities 2
      Corporate 1
      Taxable Municipal 1
      Government Related Agencies 0
      Mortgage Backed Securities 0
      Cash 0
      Asset Backed Securities 0
      Other 0
      Credit Exposure (%)
      Aaa/AAA 47
      Aa/AA 36
      A 15
      Baa/BBB 2
      Ba/BB 0
      B 0
      Caa/CCC or lower 0
      Not Rated 0
      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 average rating is used. If only two ratings agencies assign ratings, the average rating is used. Securities that are not rated by any of the three agencies are listed as "Not Rated". The ratings breakdown includes cash and cash equivalents. Ratings do not apply to the Fund itself or to Fund shares. Ratings may change.
      Top Ten Issuers (%)
      U.S. Treasury Bonds 5.15
      New Mexico Mortgage Finance Auth, NM, Rev 2.46
      Main Street Natural Gas, Inc., GA, Rev 2.23
      Kentucky Public Energy Auth, KY, Rev 2.01
      Iowa Finance Auth, IA, Rev 1.89
      Texas Municipal Gas Acquisition & Supply Corp. IV, TX, Rev 1.86
      Metropolitan Government Nashville & Davidson County Health & Educational Facs Board, TN, Rev 1.81
      Federal National Mortgage Association 1.65
      Patriots Energy Group Financing Agency, SC, Rev 1.61
      Dickinson Independent School Dist, TX, GO 1.59
      Total Portfolio % 22.26

      Full Portfolio Holdings
      Yields (%) (as of 11/30/24)
      Distribution Yield at NAV
      		3.59
      30-Day SEC Yield
      		3.51
      Unsubsidized 30-Day SEC Yield
      		3.48
      Tax Exempt Municipal Sector Exposure
      General Obligation 35
      Fed Agency 21
      Corp Supported 11
      Utilities 6
      Transportation 4
      Healthcare 4
      Other Revenue 4
      Sales Tax Revenue 2
      Education 2
      Leasing 1
      Higher Education 1
      Housing 0
      Pre-Refunded 0
      Tax Exempt Municipal 0
      Floating Rate Bonds 0
      Other 0
      Tax Increment Financing 0
      Special Assessment 0
      Not for Profit 0
      Insured 0
      Moral Obligation 0
      distributions and capital gains
      Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
      11/27/2024 10.32 $0.0309 $0.0000 $0.0000 $0.0309
      10/28/2024 10.21 $0.0293 $0.0000 $0.0000 $0.0293
      9/26/2024 10.36 $0.0309 $0.0000 $0.0000 $0.0309
      8/27/2024 10.28 $0.0298 $0.0000 $0.0000 $0.0298
      7/26/2024 10.19 $0.0299 $0.0000 $0.0000 $0.0299
      6/26/2024 10.13 $0.0314 $0.0000 $0.0000 $0.0314
      5/29/2024 9.97 $0.0301 $0.0000 $0.0000 $0.0301
      4/26/2024 9.98 $0.0314 $0.0000 $0.0000 $0.0314
      3/26/2024 10.15 $0.0282 $0.0000 $0.0000 $0.0282
      2/27/2024 10.18 $0.0319 $0.0000 $0.0000 $0.0319
      1/29/2024 10.18 $0.0237 $0.0000 $0.0000 $0.0237
      12/27/2023 10.33 $0.0371 $0.0000 $0.0000 $0.0371
      12/15/2023 10.29 $0.0000 $0.0000 $0.0000 $0.0000
      Past distributions are not indicative of future distributions.

      Fund Literature

      VIEW MY SAVED ITEMS
      Fact Sheet
      09/30/2024 - PDF (170 KB)
      This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
      SUBSCRIBE
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      SAVEd
      Schroders Tax-Aware Bond Fund Story
      09/30/2024 - PDF (217 KB)
      This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
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      SAVEd
      Hartford Schroders Tax-Aware Bond Fund Sales Idea Flyer
      09/30/2024 - PDF (718 KB)
      This flyer provides additional detail on the Hartford Schroders Tax-Aware Bond Fund.
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      SAVEd
      Monthly Commentary
      12/23/2024 - PDF (299 KB)
      Current monthly commentary from our sub-adviser, Schroders, which includes a performance review, attribution, and positioning and outlook for the Fund.
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      SAVEd
      Summary Prospectus
      PDF (167 KB)
      A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision
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      SAVEd
      Pitchbook
      09/30/2024 - PDF (921 KB)
      This Pitchbook reviews the Fund's investment approach, investment team, investment process, portfolio statistics, top holdings, and current performance.
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      SAVEd
      Financial Statements and Other Information – Semi-Annual
      PDF (4 KB)
      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.
      SAVEd
      Financial Statements and Other Information – Annual
      PDF (3 KB)
      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.
      SAVEd
      SAI
      PDF (13 KB)
      A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.
      SAVEd
      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. • 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; these risks may be magnified if the Fund focuses its assets in municipal securities of issuers in a few select states. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable. • 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. • Mortgage-related and asset-backed securities' risks include credit, interest-rate, prepayment, and extension risk. • Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, regulatory and counterparty risk. • 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. • The Fund may have high portfolio turnover, which could increase its transaction costs and an investor's tax liability. • Financially material environmental, social and/or governance (ESG) characteristics are one of several factors that may be considered and as a result, the investment process may not work as intended.

      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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