RADNOR, Pa.--(BUSINESS WIRE)--The rates cited in the table should read "Old Rate" and "New Rate" (instead of "Old Net Rate" and "New Net Rate").
The corrected release reads:
HARTFORD FUNDS ANNOUNCES FEE REDUCTIONS ON STRATEGIC BETA ETFS
Hartford Funds today announced that effective January 1, 2017, it will decrease fees on four of its strategic beta exchange-traded funds (ETFs). Fees will be lowered an average of 14% across the four funds.
Hartford Funds’ ETF fee reductions follow the acquisition earlier this year of Lattice Strategies. The firm added strategic beta ETFs to its existing portfolio of actively managed mutual funds.
“With our recent acquisition of strategic beta ETF capabilities, our scale allows us to create additional cost-efficiencies and pass those savings along to our ETF investors,” said James Davey, president of Hartford Funds. “We want these strategies to be as accessible as possible for investors to help them reach their long-term goals.”
Hartford Funds will reduce fees for the following four funds. The fee rate for the Hartford Multifactor REIT ETF (RORE), which recently launched on October 4, 2016, will remain unchanged at .45 percent.
| Fund Name |
Old Rate |
New Rate |
||
| Hartford Multifactor Developed Markets (ex-US) ETF (RODM) | 0.50% | 0.39% | ||
| Hartford Multifactor Emerging Markets ETF (ROAM) | 0.65% | 0.59% | ||
| Hartford Multifactor U.S. Equity ETF (ROUS) | 0.35% | 0.29% | ||
| Hartford Multifactor Global Small Cap ETF (ROGS) | 0.60% | 0.55% | ||
About Hartford Funds
Founded in 1996, Hartford Funds is a leading provider of mutual funds 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 MIT AgeLab and leading practice management experts, Hartford Funds delivers insight into the latest demographic trends and investor behavior.
As of October 24, 2016, the firm’s line-up includes more than 55 mutual funds in a variety of styles and asset classes, and five strategic beta ETFs. 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. Hartford Funds has mutual fund assets under management of $77.9 billion as of September 30, 2016 (excluding assets used in certain annuity products). For more information about our investment family, visit www.hartfordfunds.com.
Important Information
All investments are subject to risk, including the possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. These risks are generally greater for investments in emerging markets. Small cap securities can have greater risk and volatility than large-cap securities. A concentration in real estate securities, such as REITs, may subject the Fund to risks associated with the direct ownership of real estate as well as the risks related to the way real estate companies are organized and operated. Real estate is sensitive to changes in interest rates and general and local economic conditions and developments. A non-diversified fund may be more exposed to the risks associated with single issuers than a diversified fund.
Hartford Funds refers to Hartford Funds Management Group, Inc., and its subsidiaries, including the mutual funds’ investment manager, Hartford Funds Management Company, LLC (HFMC), the mutual funds’ distributor, Hartford Funds Distributors, LLC, Member FINRA, as well as Lattice Strategies LLC, a wholly owned subsidiary of HFMC, which serves as the adviser to exchange-traded funds (ETFs). Certain mutual funds are sub-advised by Wellington Management Company LLP or Schroder Investment Management North America Inc. and/or Schroder Investment Management North America Limited. ETFs are distributed by ALPS Distributors, Inc. (ALPS). Hartford Funds is not affiliated with any fund sub-adviser or ALPS. The MIT AgeLab is not an affiliate or subsidiary of Hartford Funds.
Investors should carefully consider the investment objectives, risks, charges, and expenses of any fund before investing. This and other information can be found in the prospectus and, if applicable, the summary prospectus, which can be obtained by visiting www.hartfordfunds.com or by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.
“The Hartford” is The Hartford Financial Services Group Inc. (“HFSG”) and its subsidiaries. HFD is a subsidiary of The HFSG.
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 2015 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.
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EXP 12/12/2017