ETF Watch: Hartford Cuts Fund Fees

Firm trims costs on four of its five exchange-traded funds.

ETF.com
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Reviewed by: etf.com Staff
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Edited by: etf.com Staff

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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