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Trending ETFs

Name

As of 02/28/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.15

$507 M

0.00%

1.03%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$507 M

Holdings in Top 10

38.7%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.03%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 71.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 02/28/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.15

$507 M

0.00%

1.03%

HITIX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.73%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Hartford Schroders Securitized Income Fund
  • Fund Family Name
    Hartford Mutual Funds
  • Inception Date
    Feb 28, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michelle Russell-Dowe

Fund Description

Under normal circumstances, at least 80% of the Trust’s assets will be invested in municipal obligations that pay interest exempt, in the opinion of bond counsel, from Hawaii State and regular Federal income taxes. In general, almost all of these obligations are issued by the State of Hawaii, its counties and various other local authorities; these obligations may also include certain other governmental issuers. We call these “Hawaiian Obligations.” These securities may include participation or other interests in municipal securities and variable rate demand notes. Some Hawaiian Obligations, such as general obligation issues, are backed by the issuer’s taxing authority, while other Hawaiian Obligations, such as revenue bonds, are backed only by revenues from certain facilities or other sources and not by the issuer itself. These obligations can be of any maturity, but the Trust’s weighted average maturity has traditionally been between 5 and 15 years. The Trust is classified as a “non-diversified” investment company under the Investment Company Act of 1940 (the “1940 Act”), which means it may invest a greater percentage of its assets in a smaller number of issuers than a diversified fund.

At the time of purchase, the Trust’s Hawaiian Obligations must be of investment grade quality. This means that they must either

· be rated within the four highest credit ratings assigned by nationally recognized statistical rating organizations or,
· if unrated, be determined to be of comparable quality by the Trust’s investment adviser, Asset Management Group of Bank of Hawaii (the “Adviser”).

The Adviser selects obligations for the Trust’s portfolio in order to achieve the Trust’s objective by considering various characteristics including quality, maturity and coupon rate.

Read More

HITIX - Performance

Return Ranking - Trailing

Period HITIX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -6.2% 4.7% 6.43%
1 Yr N/A -11.9% 3.5% 63.78%
3 Yr N/A* -6.5% 1.3% 22.14%
5 Yr N/A* -11.0% 3.5% N/A
10 Yr N/A* -11.6% 2.3% N/A

* Annualized

Return Ranking - Calendar

Period HITIX Return Category Return Low Category Return High Rank in Category (%)
2023 -8.5% -17.7% -2.5% 79.07%
2022 -0.2% -2.0% 2.2% 5.91%
2021 -1.6% -2.8% 4.6% 96.59%
2020 N/A -28.6% 3.0% N/A
2019 N/A -3.7% 0.4% N/A

Total Return Ranking - Trailing

Period HITIX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -6.2% 4.7% 3.30%
1 Yr N/A -11.9% 0.9% 59.45%
3 Yr N/A* -6.5% 4.5% 22.26%
5 Yr N/A* -8.6% 1.7% N/A
10 Yr N/A* -10.2% 2.1% N/A

* Annualized

Total Return Ranking - Calendar

Period HITIX Return Category Return Low Category Return High Rank in Category (%)
2023 -5.1% -17.7% -2.5% 58.68%
2022 1.4% -2.0% 2.2% 15.71%
2021 0.7% -2.8% 4.6% 98.86%
2020 N/A -28.6% 3.0% N/A
2019 N/A -1.0% 1.3% N/A

NAV & Total Return History


HITIX - Holdings

Concentration Analysis

HITIX Category Low Category High HITIX % Rank
Net Assets 507 M 5.81 M 70.5 B 63.37%
Number of Holdings 113 4 4919 87.83%
Net Assets in Top 10 46.9 M -23.9 M 9.45 B 76.70%
Weighting of Top 10 38.71% 1.7% 100.0% 20.85%

Top 10 Holdings

  1. 2 Year Treasury Note Future Mar 22 41.23%
  2. 2 Year Treasury Note Future Mar 22 41.23%
  3. 2 Year Treasury Note Future Mar 22 41.23%
  4. 2 Year Treasury Note Future Mar 22 41.23%
  5. 2 Year Treasury Note Future Mar 22 41.23%
  6. 2 Year Treasury Note Future Mar 22 41.23%
  7. 2 Year Treasury Note Future Mar 22 41.23%
  8. 2 Year Treasury Note Future Mar 22 41.23%
  9. 2 Year Treasury Note Future Mar 22 41.23%
  10. 2 Year Treasury Note Future Mar 22 41.23%

Asset Allocation

Weighting Return Low Return High HITIX % Rank
Bonds
93.46% 49.71% 194.71% 44.70%
Cash
5.57% -102.46% 39.20% 31.30%
Stocks
0.97% -0.66% 11.31% 5.91%
Preferred Stocks
0.00% 0.00% 25.64% 43.30%
Other
0.00% -2.59% 10.19% 30.09%
Convertible Bonds
0.00% 0.00% 27.71% 95.30%

Stock Sector Breakdown

Weighting Return Low Return High HITIX % Rank
Real Estate
100.00% 0.00% 100.00% 1.54%
Utilities
0.00% 0.00% 81.48% 46.15%
Technology
0.00% 0.00% 24.45% 44.62%
Industrials
0.00% 0.00% 100.00% 50.77%
Healthcare
0.00% 0.00% 23.11% 43.08%
Financial Services
0.00% 0.00% 100.00% 63.08%
Energy
0.00% 0.00% 100.00% 76.92%
Communication Services
0.00% 0.00% 65.64% 56.92%
Consumer Defense
0.00% 0.00% 21.37% 40.00%
Consumer Cyclical
0.00% 0.00% 10.75% 43.08%
Basic Materials
0.00% 0.00% 22.71% 43.08%

Stock Geographic Breakdown

Weighting Return Low Return High HITIX % Rank
US
0.97% -0.54% 9.00% 5.91%
Non US
0.00% -0.66% 2.31% 26.78%

Bond Sector Breakdown

Weighting Return Low Return High HITIX % Rank
Securitized
64.37% 0.00% 97.27% 2.61%
Government
26.86% 0.00% 73.63% 34.26%
Cash & Equivalents
5.62% 0.00% 44.09% 38.96%
Corporate
3.15% 0.00% 100.00% 98.61%
Derivative
0.00% 0.00% 45.97% 40.35%
Municipal
0.00% 0.00% 17.46% 65.22%

Bond Geographic Breakdown

Weighting Return Low Return High HITIX % Rank
US
84.69% 0.00% 165.96% 30.78%
Non US
8.77% 0.00% 72.71% 71.65%

HITIX - Expenses

Operational Fees

HITIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.03% 0.01% 19.98% 25.05%
Management Fee 0.40% 0.00% 1.19% 73.78%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

HITIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

HITIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HITIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.00% 2.00% 500.00% 44.11%

HITIX - Distributions

Dividend Yield Analysis

HITIX Category Low Category High HITIX % Rank
Dividend Yield 0.00% 0.00% 10.75% 10.96%

Dividend Distribution Analysis

HITIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

HITIX Category Low Category High HITIX % Rank
Net Income Ratio 1.73% -1.27% 4.98% 18.12%

Capital Gain Distribution Analysis

HITIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

HITIX - Fund Manager Analysis

Managers

Michelle Russell-Dowe


Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

Michelle Russell-Dowe is the Head of Securitized Credit at Schroders, she is responsible for managing the Securitized Credit Team and the Securitized Credit Portfolio Strategies. She joined Schroders in 2016 and is based in New York. Michelle was the Head of Securitized Products at Brookfield Investment Management (previously Hyperion Capital Management) from 1999 to 2016, she was responsible for managing the Securitized Products Investment Team. She was the Lead Portfolio Manager responsible for the Securitized Investment Strategies. She was a Vice President at Duff & Phelps Credit Rating Co from 1994 to 1999, where she was responsible for rating securities including residential mortgage-backed securities and asset-backed securities. Previously, Ms. Russell-Dowe has been a Co-Head of the Investor Committee of the American Securitization Forum (ASF) Qualifications: MBA in Finance (Valedictorian) from Columbia Graduate School of Business; BA in economics from Princeton University.

Anthony Breaks


Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

Anthony Breaks,Portfolio Manager on Schroders Securitized Credit Team. Mr. Breaks joined Schroders in 2016. Mr. Breaks is a Portfolio Manager on the Securitized Products Investments team. Mr. Breaks is maintains responsibility for portfolio management with a focus on high grade strategies. As well, Mr. breaks focusses on security evaluation of RMBS and esoteric ABS and CLO assets.. Mr. Breaks has experience in managing securitized product vehicles, such as SIV, ABCP, CDOs, CLOs and TRUPPS as well as insurance company asset management experience. Mr. Breaks earned a Bachelor of Science degree in Electrical Engineering from the Massachusetts Institute of Technology. He holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.06 2.41