Hartford Schroders Commodity Strategy ETF is
Hartford Funds’ seventh actively managed ETF offering
Hartford Funds today announced the launch of its first
commodity-focused exchange-traded fund (“ETF”), Hartford Schroders
Commodity Strategy ETF (NYSE: HCOM), which will be sub-advised by
Schroder Investment Management North America Inc. and Schroder
Investment Management North America Ltd (collectively,
“Schroders”). HCOM seeks long-term total return by investing in a
range of commodity-related instruments. The actively managed Fund’s
performance benchmark will be the Bloomberg Commodity Total Return
Index.
“Hartford Schroders Commodity Strategy ETF allows us to offer
our clients exposure to an alternative asset class that we feel is
ripe for opportunity in the current market environment,” said
Vernon Meyer, Chief Investment Officer at Hartford Funds. “This
product further demonstrates our commitment to providing both our
existing and prospective clients diverse, long-term investing
opportunities that can help them achieve their investment
goals.”
HCOM will primarily invest in a range of commodity-related
derivative instruments – such as futures and other commodity-linked
swaps – along with cash or cash equivalents, such as certificates
of deposit, treasury bills, floating-rate notes, and equities of
commodity-related companies. The Fund will seek exposure to a range
of commodity sectors from time to time including, but not limited
to, the energy, agriculture and metals sectors. As the Fund’s
sub-adviser, Schroders will consider fundamental, quantitative, and
technical sentiment to determine the asset allocation to various
commodities. HCOM may also invest in structured notes, debt
securities, convertible securities, and foreign currency.
HCOM is listed on the New York Stock Exchange ARCA, Inc. The
portfolio management team consists of James Luke, Malcolm Melville,
and Dravasp Jhabvala, three dedicated investment professionals on
Schroders’ Commodities team with an average of 17 years of
investment experience.
For more information about the Hartford Schroders Commodity
Strategy ETF, please visit hartfordfunds.com.
About Hartford Funds
Founded in 1996, Hartford Funds is a leading asset manager,
which provides mutual funds, ETFs, and 529 college savings plans.
Using its human-centric investing approach, Hartford Funds creates
strategies and tools designed to address the needs and wants of
investors. Leveraging partnerships with leading experts, Hartford
Funds delivers insight into the latest demographic trends and
investor behavior.
The firm’s product line-up includes more than 50 mutual funds
and ETFs in a variety of styles and asset classes. Its mutual funds
(with the exception of certain fund of funds) are sub-advised by
Wellington Management or Schroder Investment Management North
America Inc. The strategic beta ETFs offered by Hartford Funds are
designed to help address investors’ evolving needs by leveraging a
unique risk-optimized approach, which identifies risks within each
asset class and then deliberately and systematically re-allocates
capital toward risks more likely to enhance return potential.
Excluding affiliated funds of funds, as of June 30, 2021, Hartford
Funds’ investment advisory business had approximately $153.8
billion in discretionary and non-discretionary assets under
management. For more information about our investment family, visit
http://www.hartfordfunds.com.
About Schroders
As a global investment manager, we actively and responsibly
manage investments for a wide range of institutions and
individuals, to help them meet their financial goals and prepare
for the future. The world is forever changing, and with our clients
at the center of everything we do, we understand the need to
continue to adapt and evolve our business in line with what matters
most to our clients today, and in the future.
Our ongoing success is built on a history of experience and
expertise, whereby we partner with our clients to construct
innovative products and solutions across our five business areas
consisting of Private Assets & Alternatives through our
Schroders Capital brand, Solutions, Mutual Funds, Institutional and
Wealth Management, and invest in a wide range of assets and
geographies. By combining our commitment to active management and
focusing on sustainability, our strategic capabilities are designed
to deliver positive outcomes for our clients.
We are responsible for $967.5 billion* assets of our clients,
managed locally by 42 investment teams worldwide. As a global
business with over 5,500 talented staff across 37 locations, we are
able to stay close to our clients and understand their needs. We
have over 200 years of experience in investment and innovation and
remain committed to creating a better future by investing
responsibly for our clients.
Further information about Schroders can be found at
www.schroders.com/us.
*as of June 30, 2021
HIG-W
Some of the statements in this release may be considered
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. We caution investors that these
forward-looking statements are not guarantees of future
performance, and actual results may differ materially. Investors
should consider the important risks and uncertainties that may
cause actual results to differ. These important risks and
uncertainties include those discussed in The Hartford’s Quarterly
Reports on Form 10-Q, our 2020 Annual Report on Form 10-K and the
other filings The Hartford makes with the Securities and Exchange
Commission. We assume no obligation to update this release, which
speaks as of the date issued.
From time to time, The Hartford may use its website to
disseminate material company information. Financial and other
important information regarding The Hartford is routinely
accessible through and posted on our website at
http://ir.thehartford.com. In addition, you may automatically
receive email alerts and other information about The Hartford when
you enroll your email address by visiting the "Email Alerts"
section at http://ir.thehartford.com.
Important Risks: The Fund is new and has a limited
operating history. Investing involves risk, including the possible
loss of principal. The net asset value (NAV) of the Fund's shares
may fluctuate due to changes in the market value of the Fund's
holdings. The Fund's share price may fluctuate due to changes in
the relative supply of and demand for the shares on an exchange.
The Fund is actively managed and does not seek to replicate the
performance of a specified index. ● Investments in the commodities
market may increase the Fund's liquidity risk, volatility and risk
of loss if adverse developments occur. ● Investments linked to
prices of commodities may be considered speculative. Significant
exposure to commodities may subject the Fund to greater volatility
than traditional investments. The value of such instruments may be
volatile and fluctuate widely based on a variety of factors. ●
Derivatives are generally more volatile and sensitive to changes in
market or economic conditions than other securities; their risks
include currency, leverage, liquidity, index, pricing, regulatory
and counterparty risk. ● By investing in a Cayman Subsidiary, the
Fund is indirectly exposed to the risks associated with a non-U.S.
subsidiary and its investments. ● To the extent the Fund focuses on
one or more sectors, the Fund may be subject to increased
volatility and risk of loss if adverse developments occur. ● In
certain instances, unlike other ETFs, the Fund may effect creations
and redemptions partly or wholly for cash, rather than in-kind,
which may make the Fund less tax-efficient and incur more fees than
an ETF that primarily or wholly effects creations and redemptions
in-kind. ● Integration of environmental, social, and/or governance
(ESG) factors into the investment process may not work as
intended.
Investors should carefully consider a fund’s investment
objectives, risks, charges and expenses. This and other important
information is contained in the fund’s prospectus and summary
prospectus, which can be obtained by visiting hartfordfunds.com.
Please read it carefully before investing.
Exchange-traded products are distributed by ALPS Distributors,
Inc. (ALPS). Advisory services are provided by Hartford Funds
Management Company, LLC (HFMC), an SEC registered investment
adviser. Certain funds are sub-advised by Schroder Investment
Management North America Inc (SIMNA). Schroder Investment
Management North America Ltd. (SIMNA Ltd) serves as a secondary
sub-adviser to certain funds. SIMNA and SIMNA Ltd are SEC
registered investment advisers. Hartford Funds refers to Hartford
Funds Distributors, LLC, Member FINRA, Lattice Strategies LLC, and
HFMC, which are not affiliated with ALPS, SIMNA or SIMNA Ltd or any
other sub-adviser.
225286 HFA001223
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