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The Hartford Multifactor Small Cap ETF (ROSC) aims to replicate the total return performance of an underlying index. Its investment objective is achieved before considering fees and operational expenses. This benchmark index monitors the performance of publicly traded shares from companies with a small market capitalization.
Is ROSC's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
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Hartford Multifactor Small Cap ETF is a small-cap multifactor fund that emphasizes quality, value, momentum, and low volatility. Its expense ratio is 0.34% and the ETF has $33 million in assets under management. Despite ROSC's relative unpopularity, its returns have been solid. Since its Index change, it's easily outperformed the Russell 2000 and Russell 2000 Value Indexes. Its quality screens are most likely responsible. My fundamental analysis revealed a 14% ROE compared to 4-5% for these benchmarks.
The Russell 2000 has entered positive territory for the year as small caps rallied on a cooler-than-expected October CPI report. While the style-pure small-cap benchmark has clawed back its year-to-date losses, it's being handily outpaced by Hartford Funds' multifactor small cap ETF.
Many investors are divesting from small-caps in fear of a recession, but that may not be the best strategy. Small-caps are inherently more volatile than their larger-cap peers.
Small-cap stocks closed last week on a high note, partially offsetting some of September's declines. The Hartford Multifactor Small Cap ETF (ROSC) gained 1.3% last week, ending the month down just under 5%.