Hartford Municipal Opportunities ETF

Frequently Asked Questions About HMOP

What does HMOP invest in?

HMOP is an actively managed fund that seeks federal tax-exempt income by investing in municipal securities. The funds sub-advisor, Wellington Management, selects securities they consider attractive from a yield perspective in considering total return. The portfolio selection involves a top-down strategy, bottom-up fundamentalresearch and risk management. Wellington Management considers financially material ESG factors in its research. HMOP may hold some securities that produce taxable income. Up to 35% of the portfolio may be in high-yield municipal bonds. There is no specific limitations as to maturity or duration.

What is the expense ratio of HMOP?

Hartford Municipal Opportunities ETF (HMOP) charges an expense ratio of 0.29%. This is the annual fee deducted from fund assets to cover management and operations.

What is HMOP's dividend yield?

HMOP's trailing-twelve-month yield is 3.54%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of HMOP?

Effective duration measures HMOP's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HMOP's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of HMOP?

HMOP's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of HMOP?

Yield to maturity (YTM) is the total return you'd earn from HMOP if every bond in the portfolio is held to maturity at the current price. HMOP's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.