ETF Watch: Hartford Cuts Fund Fees

December 15, 2016

Hartford Funds, which bought Lattice Strategies and its ETF operations earlier this year, has announced that it is decreasing the expense ratios on four of its smart-beta funds, effective Jan. 1. The ETFs will each see their expense ratios fall by 6-11 basis points, or an average reduction of 14%.

The cuts are as follows:

“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, in a press release.

The fee for the Hartford Multifactor REIT ETF (RORE), the only other fund in the Hartford family, will remain the same, at 0.45%. The five Hartford ETFs have total combined assets of about $100 million.

Fee compression has been one of the ETF industry’s most consistent trends, with expense ratios falling in almost every category.  

Contact Heather Bell at [email protected].

 

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