Hartford Funds launches active fixed income ETF

Sep 29th, 2017 | By | Category: Fixed Income

Hartford Funds has announced the listing of its third actively managed fixed income ETF, the Harford Total Return Bond ETF (NYSE Arca: HTRB). Sub-advised by Wellington Management Company, the ETF delivers a core fixed income strategy that seeks to deliver a competitive total return with income as a secondary objective.

Hartford Funds launches active fixed income ETF

Vernon Meyer, Chief Investment Officer of Hartford Funds.

Vernon Meyer, chief investment officer, Hartford Funds, commented: “Advisors recognize that fixed income offerings are a critical foundation of an investment portfolio. We created another fixed income ETF to offer investors more options to optimize their fixed income exposure across all market sectors, which may help them to diversify their investments and reach their long-term goals.”

HTRB invests in US government and corporate bonds, asset-backed securities, mortgage-backed securities, and foreign-issued securities. Investors should take note that up to 20% of the fund can be invested in junk-rated bonds. The ETF has a total expense ratio of 0.39%.

Hartford’s new ETF joins two other active fixed income ETFs sub-advised by Wellington, the Hartford Corporate Bond ETF (NYSE Arca: HCOR), an ETF focused on investment-grade corporate bonds, and the Hartford Quality Bond ETF (NYSE Arca: HQBD), a core bond ETF focused on investment-grade debt, including mortgage-backed securities and US government securities.

Hartford is also currently planning to introduce two more actively managed ETFs in Q4 2017, the Hartford Schroders Tax-Aware Bond ETF (HTAB), to be sub-advised by Schroder Investment Management (North America), and the Hartford Municipal Opportunities ETF (HMOP), to be sub-advised by Wellington.

Hartford currently offers seven strategic beta ETFs in addition to the three actively managed bond ETFs.

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