Hartford Funds, a registered investment advisory firm headquartered in Wayne, Pa., has launched a new exchange traded fund (ETF) that seeks to deliver enhanced return on investment with minimized risk, the company said.
The Hartford Disciplined US Equity ETF (HDUS), a U.S. large-cap product, is designed to meet client demand for an investment strategy with broad, representative core equity exposure that delivers enhanced relative total returns while minimizing uncompensated active risks, the company said. HDUS is the firm’s seventh multifactor ETF and sixteenth ETF across the firm’s product suite.
HDUS leverages a rules-based process that seeks to target balanced and consistent exposure over time across value, momentum, quality, and dividend yield, while simultaneously controlling for total active risk and volatility level, Hartford Funds said.
HDUS construction is designed to perform in a variety of market environments by utilizing a diverse set of return drivers and yield enhancement within a controlled active risk framework, the company said.
The ETF's structure and index rebalancing properties offer the potential for lower costs and tax and tax efficiency, the company said.
HDUS tracks its total performance against the Hartford Disciplined US Equity Index (LHDUSX), which is comprised of a select list of U.S. large cap equities that is rebalanced semi-annually.
HDUS trades on the New York Stock Exchange with an expense ratio of 0.19%.