- What does HEMI invest in?
- HEMI combines long-term equity growth potential with income-generating investments. The strategy focuses on large-cap US stocks and a laddered call writing strategy. Stock selection involves using fundamental research, quality metrics, business momentum, and attractive relative valuations. The portfolio aims for diversification by including stocks of different companies from different industries. HEMI attempts to generate incremental income by employing a laddered call writing strategy writing short-term call options with staggered expiration dates, typically around one month, which allows for flexibility in rolling positions. These options, which may include FLEX options, are written on the SPDR S&P 500 ETF Trust (SPY) or on the S&P 500 Index. The sub-adviser believes that this may provide a consistent upside appreciation profile compared to a written call option portfolio with a single position.
- What is the expense ratio of HEMI?
- Hartford Equity Premium Income ETF (HEMI) charges an expense ratio of 0.58%. This is the annual fee deducted from fund assets to cover management and operations.
- What is HEMI's distribution yield?
- HEMI's trailing-twelve-month yield is 5.83%, calculated from the sum of distributions over the past year divided by the current price.
- How does HEMI's covered-call strategy work?
- HEMI sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
- How big is HEMI?
- Hartford Equity Premium Income ETF (HEMI) manages $35.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is HEMI actively managed or an index fund?
- HEMI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
