Hartford Funds expanded on its line of actively managed exchange traded fund strategies with a short-term bond option to help investors better cope with a rising interest rate environment.

On Thursday, Hartford Funds launched the actively managed Hartford Short Duration ETF (Cboe: HSRT), which has a 0.29% expense ratio.

Timothy E. Smith, Senior Managing Director at Wellington Management, Fixed-Income Portfolio Manager, will manage HSRT’s portfolio.

The Hartford Short Duration ETF will try to provide current income and long-term total return. The portfolio will typically invests in bonds with expected lower sensitivity to changes in interest rates. The ETF will normally include investment-grade securities that Wellington Management Company LLP considers to be attractive giving consideration to both yield and total return.

Additionally, HSRT may include up to 35% of net assets in non-investment-grade debt and 35% of its net assets in bank loans or loan participation interests in secured or unsecured variable, fixed or floating rate loans to U.S. and foreign corporations, partnerships and other entities, or so-called bank loans.

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