Investment objective & strategy
As of Feb. 26, 2026 · prospectusObjective. The Fund seeks to provide current income that is generally exempt from federal income taxes, and long-term total return.
Strategy. The Fund seeks to achieve its investment objective by investing in investment grade municipal securities and non-investment grade municipal securities (known as junk bonds) that the sub-adviser, Wellington Management Company LLP (Wellington Management), considers to be attractive from a yield perspective while considering total return. Under normal circumstances, the Fund will invest at least 80% of its net assets in municipal securities that pay interest exempt from federal income tax. The Fund may invest up to 20% of its net assets in non-investment grade municipal securities. The Fund may invest in securities that produce income subject to income tax, including the Alternative Minimum Tax. The Fund will generally hold a diversified portfolio of investments across states and sectors, although the … The Fund seeks to achieve its investment objective by investing in investment grade municipal securities and non-investment grade municipal securities (known as junk bonds) that the sub-adviser, Wellington Management Company LLP (Wellington Management), considers to be attractive from a yield perspective while considering total return. Under normal circumstances, the Fund will invest at least 80% of its net assets in municipal securities that pay interest exempt from federal income tax. The Fund may invest up to 20% of its net assets in non-investment grade municipal securities. The Fund may invest in securities that produce income subject to income tax, including the Alternative Minimum Tax. The Fund will generally hold a diversified portfolio of investments across states and sectors, although the Fund is not required to invest in all states and sectors at all times. The Fund normally will maintain a dollar weighted average duration of 3 years or less. Duration is a measure of the sensitivity of a fixed income securitys price to changes in interest rates. The Funds average duration measure incorporates a bonds yield, coupon, final maturity, and the effect of derivatives that may be used to manage the Funds interest rate risk. Wellington Managements portfolio construction process combines a top-down strategy, bottom-up fundamental research and comprehensive risk management. Bottom-up, internally generated, fundamental research attempts to identify relative value among sectors, within sectors, and between individual securities.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MAIN STR NAT GA 4% 3/1/2050 | MAIUTL | $859.91K | 2.15% |
| TX TPK AUTH-A-UNREF | — | $857.58K | 2.15% |
| State of Illinois, Series D | — | $769.70K | 1.93% |
| PHILADELPHIA SD - A | — | $650.97K | 1.63% |
| STATE OF NEW YORK SALES TAX REVENUE 5.0% 03-15-30 | — | $555.98K | 1.39% |
| NEW_HAVEN CT 5% 8/1/2030 | — | $552.21K | 1.38% |
| State of Illinois, Series 2025B | — | $544.98K | 1.36% |
| MINNEAPOLIS-ST PAUL METROPOLITAN AIRPORTS COMMISSION | — | $542.03K | 1.36% |
| MTRO WA DC ARPT 5% 10/1/2029 @ | — | $541.14K | 1.35% |
| TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX | — | $539.23K | 1.35% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Hartford Municipal Opportunities ETF · HMOP | 9% | 0.29% |
| THE HARTFORD MUNICIPAL OPPORTUNITIES FUND · HHMAX, HHMCX, HHMIX, HHMFX, HHMYX | 8% | 0.35% |
| Hartford Sustainable Municipal Bond Fund · HMKAX, HMKCX, HMKIX, HMKFX | 4% | 0.39% |
Advisers
| Firm | Role |
|---|---|
| Wellington Management Company LLP | Sub-adviser |
| Hartford Funds Management Company, LLC | Adviser |
Footnotes
- Expense ratio as of February 26, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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