ETF Watch: Hartford Plans Active Bond Fund

April 21, 2017

Hartford has filed for another actively managed bond ETF. The Hartford Total Return Bond ETF (HTRB) will look to generate total return and current income.

The fund is subadvised by Wellington Management Company.

HTRB will invest 70% or more of its portfolio in investment-grade debt and up to 20% in below-investment grade debt. The portfolio can include U.S. government debt; non-convertible corporate debt; asset-backed and mortgage-backed securities; foreign debt securities issued by sovereign governments, supranational entities and non-U.S. corporations, according to the prospectus.

The fund can use a wide range of derivatives. It can invest up to 40% of the portfolio in debt from foreign issuers and 20% of the portfolio in debt issued in non-dollar currencies. There are no requirements in terms of the maturity of the securities in the portfolio, but the fund will generally target debt with a maturity of a year or more, the prospectus said.

The document also notes that the fund’s managers can place assets with other specialists at Wellington with expertise in certain strategies.

The filing did not include an expense ratio, but it does indicate that the fund will list on the NYSE Arca.

Contact Heather Bell at [email protected].


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