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Morningstar

Hartford Municipal Opportunities A HHMAX

Morningstar Medalist Rating
Medalist Rating as of | See Hartford Funds Investment Hub
  • NAV / 1-Day Return 7.92  /  0.14 %
  • Total Assets 1.7 Bil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.670%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 2.48%
  • Effective Duration 5.23 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis HHMAX

Will HHMAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HHMAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the HHMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of HHMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A compact team executes a disciplined approach to the muni market.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

Hartford Municipal Opportunities’ experienced comanagers and disciplined approach are a draw, but continued turnover on this modestly sized team limits our conviction. It earns a Neutral Morningstar Medalist Rating on Hartford Municipal Opportunities ETF and most shares of its mutual fund sibling, Hartford Municipal Opportunities, except for its most expensive C share class, which is rated Negative.

by Elizabeth Foos
Rated on Published on

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Portfolio Holdings HHMAX

More HHMAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 757
  • Other Holdings 9
  • % Assets in Top 10 Holdings 10.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Usd

4.34
76,392,553
Cash and Equivalents

NEW YORK ST HSG FIN AGY REV 4%

1.87
33,000,000
municipal

NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 3%

1.25
21,960,734
municipal

PUERTO RICO COMWLTH 5.625%

1.13
19,937,217
municipal

TEXAS ST 4.15%

1.13
19,870,000
municipal

Fixed Inc Clearing Corp.Repo

1.11
19,588,685
Cash and Equivalents

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.5%

0.97
17,054,185
municipal

NEW YORK ST URBAN DEV CORP ST SALES TAX REV 4%

0.86
15,186,196
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 5%

0.80
14,086,940
municipal

WHITING IND ENVIRONMENTAL FACS REV 4.4%

0.74
12,952,226
municipal