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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.95

$133 M

2.19%

$0.22

0.69%

Vitals

YTD Return

2.8%

1 yr return

-7.4%

3 Yr Avg Return

-3.0%

5 Yr Avg Return

-0.6%

Net Assets

$133 M

Holdings in Top 10

10.8%

52 WEEK LOW AND HIGH

$10.0
$9.27
$10.80

Expenses

OPERATING FEES

Expense Ratio 0.69%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 19.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.95

$133 M

2.19%

$0.22

0.69%

HMKAX - Profile

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return -3.0%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.36%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Hartford Sustainable Municipal Bond Fund
  • Fund Family Name
    Hartford Mutual Funds
  • Inception Date
    May 29, 2015
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brad Libby

Fund Description

The Fund seeks to achieve its investment objective by investing in investment grade municipal securities and non-investment grade municipal securities (known as “junk bonds”) that the sub-adviser, Wellington Management Company LLP (“Wellington Management”), considers to be attractive from a yield perspective while considering long-term total return. Under normal circumstances, the Fund will invest at least 80% of its net assets in municipal securities that pay interest exempt from federal income tax. The Fund may invest up to 20% of its net assets in non-investment grade municipal securities. The Fund may invest in securities that produce income subject to income tax, including the Alternative Minimum Tax. The Fund will generally hold a diversified portfolio of investments across states and sectors, although the Fund is not required to invest in all states and sectors at all times.The Fund normally will maintain a dollar weighted average duration equivalent to the duration of the Bloomberg Municipal Bond Index, plus or minus three years. As of December 31, 2021, the duration (modified adjusted) of the Bloomberg Municipal Bond Index was 5.05 years. Duration is a measure of the sensitivity of a fixed income security’s price to changes in interest rates. The Fund’s average duration measure incorporates a bond’s yield, coupon, final maturity, and the effect of derivatives that may be used to manage the Fund’s interest rate risk.To seek to achieve the Fund’s investment objective, Wellington Management combines both a traditional bond credit analysis with its sustainability framework. Wellington Management’s internally developed sustainability framework is used to identify issuers that meet its sustainable investing criteria. Wellington Management’s portfolio construction process combines a top-down strategy, bottom-up fundamental research and comprehensive risk management. Bottom-up, internally generated, fundamental research attempts to identify relative value among sectors, within sectors, and between individual securities.The Fund will normally invest at least 80% of its assets in municipal securities that Wellington Management determines meet its sustainable investing criteria. For purposes of determining which municipal securities meet its sustainable investing criteria, Wellington Management uses its internally developed sustainability framework to seek to identify municipal securities that, in its view, promote sustainable initiatives. As part of this analysis, Wellington Management evaluates (1) the municipal security’s intended use of proceeds to determine whether such municipal security, in its view, promotes: good health and well being, access to education, sustainable cities and communities, and/or industry innovation and infrastructure, in alignment with the United Nations Sustainable Development Goals (UN SDGs); and/or (2) whether the municipality itself has positive or improving environmental, social and/or governance (“ESG”) characteristics, based on Wellington Management’s proprietary insights. Wellington Management considers ESG characteristics that in its view have, or will have over time, a material impact on fundamentals, technicals, and/or valuations associated with the particular issuer and its sector, as part of this process. Examples of the ESG characteristics that Wellington Management may evaluate as part of its investment process include: climate risk (e.g. extreme weather, exposure to heat, wildfire, drought and hurricane risks); governance practices; disclosure practices; transparency; demographic trends; data quality and protection; human capital and labor rights issues; and an issuer’s management of material social and/or environmental issues. As part of its analysis on each issuer, Wellington Management also assesses how ESG risks impact municipal fundamentals and whether valuations compensate for that risk. As part of its sustainability framework, Wellington Management will not invest in municipal securities that it determines to be related to settlements with tobacco companies. Wellington Management conducts its analysis of sustainable attributes through its own fundamental research (including issuer specific insights on material ESG considerations from dedicated municipal credit research analysts), analysis of publicly available information, its engagement with certain issuers, and if applicable, third-party data.
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HMKAX - Performance

Return Ranking - Trailing

Period HMKAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -86.8% 7.5% 29.95%
1 Yr -7.4% -20.9% 15.7% 69.62%
3 Yr -3.0%* -10.2% 52.2% 58.04%
5 Yr -0.6%* -5.1% 29.7% 40.98%
10 Yr N/A* -3.2% 13.6% N/A

* Annualized

Return Ranking - Calendar

Period HMKAX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.5% -91.1% 101.7% 66.85%
2021 0.0% -79.2% 102.5% 42.61%
2020 1.0% -66.1% 60.0% 7.30%
2019 1.2% -57.4% 7.6% 21.22%
2018 -0.3% -35.9% 3.2% 19.98%

Total Return Ranking - Trailing

Period HMKAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -86.8% 7.5% 30.95%
1 Yr -7.4% -20.9% 15.4% 69.89%
3 Yr -3.0%* -10.2% 52.2% 59.42%
5 Yr -0.6%* -5.1% 29.7% 45.69%
10 Yr N/A* -3.2% 13.6% N/A

* Annualized

Total Return Ranking - Calendar

Period HMKAX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.5% -91.1% 101.7% 66.87%
2021 0.0% -79.2% 102.5% 42.63%
2020 1.0% -66.1% 60.0% 7.40%
2019 1.2% -57.4% 7.6% 21.21%
2018 -0.3% -35.9% 3.2% 22.48%

NAV & Total Return History


HMKAX - Holdings

Concentration Analysis

HMKAX Category Low Category High HMKAX % Rank
Net Assets 133 M 2.87 M 73.9 B 78.47%
Number of Holdings 371 1 14000 27.44%
Net Assets in Top 10 12.7 M -317 M 8.64 B 69.61%
Weighting of Top 10 10.76% 2.4% 100.0% 83.14%

Top 10 Holdings

  1. MASSACHUSETTS ST CLEAN WTR TR 5% 1.77%
  2. UNIVERSITY N C CHAPEL HILL REV 0.43% 1.69%
  3. COOK CNTY ILL SCH DIST NO 078 ROSEMONT 5% 1.63%
  4. MASSACHUSETTS ST CLEAN WTR TR 5% 1.47%
  5. MASSACHUSETTS ST DEV FIN AGY REV 5% 1.39%
  6. NEW YORK ST DORM AUTH REVS ST SUPPORTED DEBT 0.1% 1.38%
  7. COLORADO HEALTH FACS AUTH REV 4% 1.38%
  8. CROWN POINT IND MULTI-SCH BLDG CORP 5% 1.37%
  9. CLARK CNTY NEV SCH DIST 5% 1.34%
  10. NEW YORK N Y 4% 1.33%

Asset Allocation

Weighting Return Low Return High HMKAX % Rank
Bonds
88.46% 0.00% 150.86% 96.83%
Cash
11.54% -50.86% 100.00% 2.81%
Stocks
0.00% -0.03% 4.63% 26.37%
Preferred Stocks
0.00% -1.79% 0.04% 23.76%
Other
0.00% -13.03% 30.01% 24.81%
Convertible Bonds
0.00% 0.00% 0.93% 23.85%

Bond Sector Breakdown

Weighting Return Low Return High HMKAX % Rank
Municipal
88.46% 0.00% 100.00% 96.10%
Cash & Equivalents
11.54% 0.00% 100.00% 3.27%
Derivative
0.00% 0.00% 21.68% 23.31%
Securitized
0.00% 0.00% 5.93% 24.85%
Corporate
0.00% 0.00% 9.99% 36.78%
Government
0.00% 0.00% 52.02% 28.89%

Bond Geographic Breakdown

Weighting Return Low Return High HMKAX % Rank
US
87.97% 0.00% 142.23% 92.70%
Non US
0.49% 0.00% 62.14% 51.20%

HMKAX - Expenses

Operational Fees

HMKAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.02% 3.60% 35.58%
Management Fee 0.35% 0.00% 1.10% 26.09%
12b-1 Fee 0.25% 0.00% 1.00% 39.59%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

HMKAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.00% 4.90% 19.16%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

HMKAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HMKAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 0.00% 283.00% 56.55%

HMKAX - Distributions

Dividend Yield Analysis

HMKAX Category Low Category High HMKAX % Rank
Dividend Yield 2.19% 0.00% 35.27% 49.43%

Dividend Distribution Analysis

HMKAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

HMKAX Category Low Category High HMKAX % Rank
Net Income Ratio 1.36% -0.53% 24.00% 76.79%

Capital Gain Distribution Analysis

HMKAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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HMKAX - Fund Manager Analysis

Managers

Brad Libby


Start Date

Tenure

Tenure Rank

May 29, 2015

7.01

7.0%

Brad W. Libby, Managing Director and Fixed Income Portfolio Manager/Credit Analyst of Wellington Management. Mr. Libby joined Wellington Management as an investment professional in 2010. Prior to joining Wellington Management, Mr. Libby is Senior Vice President and Tax Exempt Specialist on the Tax Exempt Fixed Income team. He is a Portfolio Member of Putnam's tax-exempt fixed income funds. He originally joined Putnam in 1996 as an Investment Associate in the Tax Exempt Fixed Income Group before leaving to pursue an M.B.A.; he returned as a Tax Exempt Bond Analyst in 2001.

Timothy Haney


Start Date

Tenure

Tenure Rank

May 29, 2015

7.01

7.0%

Timothy D. Haney, CFA, Senior Managing Director, Senior Vice President and Fixed Income Portfolio Manager of Wellington Management,has served as portfolio manager since 2015. Mr. Haney joined Wellington Management as an investment professional in 2005. Tim is a fixed income portfolio manager. He leads the Municipal Bond Strategy Group and is responsible for the development of municipal bond strategies that are utilized in Municipal Bond and Crossover portfolios. He is a member of the Financial Reserves Management Team, which is responsible for managing US Broad Market portfolios for clients with customized risk and return objectives often related to accounting and/or regulatory constraints, such as insurance clients. Prior to joining Wellington Management in 2005, Tim managed mutual funds at the Van Kampen Investments unit of Morgan Stanley (1995 — 2005). During that time, he served as a senior member of the Portfolio Strategy team, focusing on derivative instruments, quantitative analysis, and yield curve strategy. He also served on the Credit team, working closely with the firm's analysts to coordinate credit research with portfolio strategy. Prior to becoming a portfolio manager, Tim served as a buyer for Van Kampen's unit trust product line (1992 —1995) and as a research analyst focusing on the high yield and corporate-backed sectors (1988 —1992). Tim earned his masters of management with a concentration in finance from Northwestern University (Kellogg, 1995) and his BS in business administration and BA in French from Washington University (1988). He is a member of the Investment Analysts Society and holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.22 1.58