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Name

As of 11/05/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Hartford Sustainable Municipal Bond Fund

HMKFX | Fund

$10.02

$89.3 M

3.05%

$0.30

0.50%

Vitals

YTD Return

2.6%

1 yr return

8.8%

3 Yr Avg Return

-0.6%

5 Yr Avg Return

1.1%

Net Assets

$89.3 M

Holdings in Top 10

13.4%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.50%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 19.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/05/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Hartford Sustainable Municipal Bond Fund

HMKFX | Fund

$10.02

$89.3 M

3.05%

$0.30

0.50%

HMKFX - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return -0.6%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.64%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Hartford Sustainable Municipal Bond Fund
  • Fund Family Name
    HARTFORD FUNDS
  • Inception Date
    Mar 01, 2017
  • Shares Outstanding
    N/A
  • Share Class
    F
  • Currency
    USD
  • Domiciled Country
    US
  • 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, 2023, the duration (modified adjusted) of the Bloomberg Municipal Bond Index was 6.05 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, Wellington Management also assesses how ESG risks impact municipal fundamentals and whether valuations compensate for that risk. Wellington Management conducts its analysis of sustainable attributes through its proprietary fundamental research (including issuer specific insights on material ESG considerations from dedicated municipal credit research analysts), analysis of publicly available information, and its engagement with certain issuers, as applicable. Wellington Management may also combine this information with information it receives from third-party data sources to analyze sustainability attributes if it believes such third-party data to be reliable and helpful to its analysis.
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HMKFX - Performance

Return Ranking - Trailing

Period HMKFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -4.7% 25.9% 27.36%
1 Yr 8.8% 0.7% 37.2% 36.55%
3 Yr -0.6%* -10.8% 3.2% 52.64%
5 Yr 1.1%* -7.0% 1103.1% 31.31%
10 Yr N/A* -0.9% 248.6% N/A

* Annualized

Return Ranking - Calendar

Period HMKFX Return Category Return Low Category Return High Rank in Category (%)
2023 3.7% -1.4% 41.0% 16.49%
2022 -12.5% -39.7% 0.3% 60.93%
2021 -0.1% -5.6% 6.9% 33.06%
2020 3.2% -2.6% 310.0% 5.69%
2019 5.1% 0.0% 26.0% 11.63%

Total Return Ranking - Trailing

Period HMKFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -4.7% 25.9% 27.36%
1 Yr 8.8% 0.7% 37.2% 36.55%
3 Yr -0.6%* -10.8% 3.2% 52.64%
5 Yr 1.1%* -7.0% 1103.1% 31.31%
10 Yr N/A* -0.9% 248.6% N/A

* Annualized

Total Return Ranking - Calendar

Period HMKFX Return Category Return Low Category Return High Rank in Category (%)
2023 6.9% -1.3% 41.0% 20.16%
2022 -10.6% -39.7% 1.1% 68.65%
2021 2.2% -4.8% 23761504.0% 34.63%
2020 5.3% -1.5% 17057.9% 11.53%
2019 7.6% 0.2% 3514.6% 21.48%

NAV & Total Return History

HMKFX - Holdings

Concentration Analysis

HMKFX Category Low Category High HMKFX % Rank
Net Assets 89.3 M 3.22 M 71.9 B 88.41%
Number of Holdings 288 4 13418 41.08%
Net Assets in Top 10 11.8 M -317 M 3.09 B 94.47%
Weighting of Top 10 13.41% 1.8% 100.3% 69.09%

Top 10 Holdings

  1. CALIFORNIA ST MUNI FIN AUTH REVENUE 1.97%
  2. NEW YORK CITY NY MUNI WTR FIN AUTH WTR SWR SYS REVENUE 1.42%
  3. OHIO ST TURNPIKE COMMISSION 1.33%
  4. PHILADELPHIA PA SCH DIST 1.30%
  5. MUNI ELEC AUTH OF GA 1.27%
  6. INDIANA ST FIN AUTH HLTH SYS REVENUE 1.26%
  7. MINNESOTA ST AGRIC ECON DEVBRD 1.23%
  8. SALES TAX SECURITIZATION CORP IL 1.23%
  9. IDAHO ST HSG FIN ASSN SF MTGE REVENUE 1.21%
  10. CENTRL TX REGL MOBILITY AUTH REVENUE 1.21%

Asset Allocation

Weighting Return Low Return High HMKFX % Rank
Bonds 		98.80% 0.00% 150.86% 54.56%
Cash 		0.72% -50.86% 44.62% 59.79%
Other 		0.48% -3.69% 51.88% 4.93%
Stocks 		0.00% 0.00% 99.78% 73.19%
Preferred Stocks 		0.00% 0.00% 0.07% 68.71%
Convertible Bonds 		0.00% 0.00% 0.93% 68.45%

Bond Sector Breakdown

Weighting Return Low Return High HMKFX % Rank
Municipal 		88.46% 44.39% 100.00% 95.59%
Derivative 		0.00% -3.69% 51.88% 67.71%
Cash & Equivalents 		0.00% 0.00% 44.41% 87.15%
Securitized 		0.00% 0.00% 5.93% 69.25%
Corporate 		0.00% 0.00% 9.41% 73.86%
Government 		0.00% 0.00% 52.02% 71.46%

Bond Geographic Breakdown

Weighting Return Low Return High HMKFX % Rank
US 		98.80% 0.00% 142.23% 52.33%
Non US 		0.00% 0.00% 23.89% 70.71%

HMKFX - Expenses

Operational Fees

HMKFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.01% 8.02% 83.14%
Management Fee 0.35% 0.00% 1.20% 29.41%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

HMKFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

HMKFX 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.

HMKFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 0.00% 283.00% 56.39%

HMKFX - Distributions

Dividend Yield Analysis

HMKFX Category Low Category High HMKFX % Rank
Dividend Yield 3.05% 0.00% 14.51% 63.21%

Dividend Distribution Analysis

HMKFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

HMKFX Category Low Category High HMKFX % Rank
Net Income Ratio 1.64% -0.53% 5.33% 66.37%

Capital Gain Distribution Analysis

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

Distributions History

View More +

HMKFX - 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 7.35 1.58

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