WAYNE, Pa.–(BUSINESS WIRE)–Hartford Funds today announced that it has launched its first two
multifactor mutual funds, the Hartford Multifactor International Fund
(ticker: HMIVX) and the Hartford Multifactor Large Cap Value Fund
(ticker: HMLVX). The products are designed to meet the demand for
multifactor strategies in retirement plans by offering investors access
to investment approaches that Hartford Funds offers only through
exchange-traded funds (ETFs).
“Retirement plans have historically not had access to the multifactor
strategies that are common in ETFs, and have therefore been unable to
access their risk-managed results and lower fees,” said Vernon
Meyer, Chief Investment Officer of Hartford Funds. “We adapted our
existing multifactor ETFs to ensure that retail investors and retirement
plans alike can leverage them in their continued pursuit of capital
returns with the potential for reduced volatility.”
The Hartford Multifactor International Fund tracks the Hartford
Risk-Optimized Multifactor Developed Markets (ex-US) Index (LRODMX), the
same index as the Hartford Multifactor Developed Markets (ex-US) ETF
(ticker: RODM). The fund is designed to provide equity exposure to major
developed markets in Europe, Canada and the Pacific Region with
potentially less volatility over a complete market cycle than
traditional capitalization-weighted indices.
The Hartford Multifactor Large Cap Value Fund tracks the Hartford
Multifactor Large Cap Value Index (HMLCVX), which seeks to outperform
traditional cap-weighted, value-oriented U.S. equity market indices and
active U.S. equity market strategies, while reducing volatility, over a
complete market cycle.
About Hartford Funds
Founded in 1996, Hartford Funds is a leading asset manager, which
provides mutual funds, ETFs, and 529 college savings plans. Using its
human-centric investing approach, Hartford Funds creates strategies and
tools designed to address the needs and wants of investors. Leveraging
partnerships with leading experts, Hartford Funds delivers insight into
the latest demographic trends and investor behavior.
The firm’s line-up includes more than 55 mutual funds in a variety of
styles and asset classes, as well as a variety of multifactor and active
ETFs. Its mutual funds (with the exception of certain fund of funds) are
sub-advised by Wellington Management or Schroder Investment Management
North America Inc. The strategic beta ETFs offered by Hartford Funds are
designed to help address investors’ evolving needs by leveraging a
unique risk-optimized approach, which identifies risks within each asset
class and then deliberately and systematically re-allocates capital
toward risks more likely to enhance return potential. Excluding
affiliated funds of funds, as of March 31, 2019, Hartford Funds
Management Company, LLC and its wholly owned subsidiary, Lattice
Strategies LLC, had approximately $117.6 billion in discretionary and
non-discretionary assets under management. For more information about
our investment family, visit http://www.hartfordfunds.com.
HIG-W
Some of the statements in this release may be considered forward-looking
statements as defined in the Private Securities Litigation Reform Act of
1995. We caution investors that these forward-looking statements are not
guarantees of future performance, and actual results may differ
materially. Investors should consider the important risks and
uncertainties that may cause actual results to differ. These important
risks and uncertainties include those discussed in The Hartford’s
Quarterly Reports on Form 10-Q, our 2018 Annual Report on Form 10-K and
the other filings The Hartford makes with the Securities and Exchange
Commission. We assume no obligation to update this release, which speaks
as of the date issued.
From time to time, The Hartford may use its website to disseminate
material company information. Financial and other important information
regarding The Hartford is routinely accessible through and posted on our
website at http://ir.thehartford.com.
In addition, you may automatically receive email alerts and other
information about The Hartford when you enroll your email address by
visiting the “Email Alerts” section at http://ir.thehartford.com.
Investing involves risk, including the possible loss of principal.
Security prices fluctuate in value depending on general market and
economic conditions and the prospects of individual companies. • Foreign
investments may be more volatile and less liquid than U.S. investments
and are subject to the risk of currency fluctuations and adverse
political and economic developments. • Investments
focused in a sector, industry or group of industries may increase
volatility and risk. • The Funds are not actively
managed but rather attempt to track the performance of an index. The
Funds’ returns may diverge from that of the index.
Investors should carefully consider a fund’s investment objectives,
risks, charges and expenses. This and other important information is
contained in the fund’s prospectus and summary prospectus, which can be
obtained by visiting hartfordfunds.com. Please read it carefully before
investing.
Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD),
Member FINRA. Exchange-traded products are distributed by ALPS
Distributors, Inc. (ALPS). Advisory services are provided by Hartford
Funds Management Company, LLC (HFMC) and its wholly owned subsidiary,
Lattice Strategies, LLC (Lattice). Certain funds are sub-advised by
Wellington Management Company LLP or Schroder Investment Management
North America Inc. Schroder Investment Management North America Ltd.
serves as a secondary sub-adviser to certain funds. Hartford Funds
refers to HFD, HFMC, and Lattice, which are not affiliated with any
sub-adviser or ALPS.
ETFs and mutual funds: Unlike traditional open-ended mutual funds, ETF
shares are bought and sold in the secondary market through a
stockbroker. Brokerage commissions may apply. ETFs trade on the major
stock exchanges and their prices will fluctuate throughout the day. When
buying or selling an ETF, you’ll pay or receive the current market
price, which may be more or less than net asset value. Mutual fund
investors buy and sell directly with the mutual fund and mutual fund
shares are priced once a day after the markets close. Both mutual funds
and ETFs are subject to risk and volatility.
Contacts
Media:
Netanel Spero
646.818.9019
[email protected]
