Hartford Funds to reduce fees on four strategic beta ETFs

Dec 14th, 2016 | By | Category: Equities

Hartford Funds has announced that it will decrease fees on four of its strategic beta exchange-traded funds.

Hartford Funds to reduce fees on four strategic beta ETFs

James Davey, president of Hartford Funds.

The ETFs were added to Hartford’s existing portfolio of actively managed mutual funds following the acquisition earlier this year of Lattice Strategies. Fees will be lowered an average of 14% across the four funds.

“With our recent acquisition of strategic beta ETF capabilities, our scale allows us to create additional cost-efficiencies and pass those savings along to our ETF investors,” said James Davey, president of Hartford Funds. “We want these strategies to be as accessible as possible for investors to help them reach their long-term goals.”

Hartford’s Multifactor ETFs incorporate exposure to several factors into a single strategy, potentially giving a more well-rounded approach to being able to enhance potential returns. The funds select and weight constituents according to their exposure to value, momentum and quality characteristics.

Details on the select funds with fee reductions effective 1 January 2017, include:

Hartford Multifactor Developed Markets (ex-US) ETF (NYSE: RODM)
Reduced from 0.50% to 0.39%
Hartford Multifactor Emerging Markets ETF (NYSE: ROAM)
Reduced from 0.65% to 0.59%
Hartford Multifactor U.S. Equity ETF (NYSE: ROUS)
Reduced from 0.35% to 0.29%
Hartford Multifactor Global Small Cap ETF (NYSE: ROGS)
Reduced from 0.60% to 0.55%

The fee rate for the Hartford Multifactor REIT ETF (NYSE: RORE), which recently launched on 4 October 2016, will remain unchanged at 0.45%.

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