Wellington Management employs a bottom up approach to portfolio management, identifying issuers with favorable credit fundamentals and attractive total returns. The fund will also maintain a dollar weighted average duration equivalent to that of the Bloomberg Barclays U.S. Corporate Bond Index.
Michael F. Garrett, Senior Managing Director and Fixed Income Portfolio Manager, Val Petrov, Managing Director and Fixed Income Portfolio Manager, and Brian Conroy, Vice President and Fixed Income Portfolio Manager, will manage HQBD.
The Hartford Quality Bond ETF will try to maximize total return while providing a high level of current income consistent with prudent investment risk by investing in securities considered attractive from a total return perspective while providing current income.
The majority of holdings will be comprised of investment-grade fixed-income securities and will also include assets in mortgage-related securities, along with credit sectors, including non-agency residential and commercial mortgage-backed securities, asset backed securities, corporate bonds and covered bonds. The ETF may hold government debt exposure and utilize derivatives.