Hartford Funds expanded on its actively managed ETF lineup with a new bond strategy that hopes to maintain a certain level of tax awareness to maximize overall returns for investors.
Hartford partnered with Schroder Investment Management North America Inc. to launch the Hartford Schroders Tax-Aware Bond ETF (NYSEArca: HTAB), which has a 0.39% expense ratio.
The actively managed fund is subadvised by Schroder and is managed by Andrew B.J. Chorlton, Edward “Todd” H. Jewett, Richard A. Rezek Jr., Neil G. Sutherland and Julio C. Bonilla.
Related: ETF Trends Fixed Income Channel
The Hartford Schroders Tax-Aware Bond ETF seeks total return on an after-tax basis by investing in diversified fixed-income debt instruments of varying maturities, with a heavy 80% emphasis on USD-denominated, investment-grade debt instruments, according to a prospectus sheet.
The debt instruments may include securities issued or guaranteed by the U.S. government and its agencies, government-sponsored enterprise securities, corporate bonds, mortgage-backed securities, asset backed securities, municipal securities, sovereign debt and debt securities issued by supranational organizations. The securities may pay fixed, variable, or floating interest rates.