Hartford Funds has launched the Hartford Core Bond ETF (HCRB), a new exchange traded fund sub-advised by Wellington Management, which seeks to provide long-term total return by investing primarily in investment-grade fixed income securities. HCRB, which expands the firm’s product suite to five actively managed fixed income ETFs, is designed to provide investors with high quality fixed income exposure from diversified sources of return across multiple perspectives, investment styles, and time horizons, including US Government, credit and securitised instruments. The Fund seeks to achieve its objective by investing primarily in investment-grade fixed income securities. The actively managed ETF structure allows HCRB to offer to shareholders the benefits of transparency, intraday trading, and the potential for increased tax-efficiency via the ETF creation and redemption process.
“Hartford Core Bond ETF is designed to satisfy an increasing investor appetite for high quality core bond offerings, especially in ETF vehicles,” says Ted Lucas, Head of Investment Strategies and Solutions at Hartford Funds. “With the prospect of increasing market volatility, we believe this offering is particularly relevant for investors seeking options that aim to provide returns while managing risk.”
Joseph Marvan, Campe Goodman and Robert Burn, the same portfolio management team that sub-advises Hartford Total Return Bond ETF (NYSE:HTRB) and similar mutual fund products, will serve as portfolio managers of the Hartford Core Bond ETF. HCRB’s estimated current expense ratio is 0.29 per cent.
“This product is another great example of the power of our collaborative relationship with Wellington. We’ve built a potential solution that leverages Wellington’s extensive fixed income and investing expertise with Hartford Funds’ deep understanding of financial advisor and end investor needs,” says Vernon Meyer, Chief Investment Officer at Hartford Funds. “Hartford Core Bond ETF further solidifies our steadfast confidence in, and commitment to, actively managed fixed income ETFs sub-advised by world class managers.”