“As a result of these reductions, as of 2/15/18, the operating expense ratios for Hartford Funds’ Multifactor ETFs now rank near the lowest one-third of all ETFs within their respective categories and among the least expensive 5% when compared to institutional share classes of all actively managed mutual funds,” according to a statement.
After less than a year on the market, the Hartford Multifactor Low Volatility US Equity ETF (CBOE: LVUS) and Hartford Multifactor Low Volatility International Equity ETF (CBOE: LVIN) also have lower fees. The annual expense ratio on LVUS was lowered to 0.22%, or $22 on a $10,000 investment from 0.29%. LVIN is now charging 0.29% per year, down from 0.39%.
LVUS tries to reflect the performance of the Hartford Multifactor Low Volatility US Equity Index, which tries to outperform a U.S. cap-weighted universe with up to one quarter less volatility over a complete market cycle, while LVIN tries to reflect the performance of the Hartford Multifactor Low Volatility International Equity Index, which is designed to outperform a capitalization-weighted universe of developed and emerging markets located outside the U.S. with up to one quarter less volatility over a complete market cycle.
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