Hartford Quality Value Fund will convert to an ETF

TheShadow

https://www.sec.gov/Archives/edgar/data/49905/000110465923027036/tm237987d1_497.htm

Sven

Hartford funds are largely sold through advisors. Interesting that they are moving to actively managed ETFs. This particular fund is managed through Wellington who is also a subadvisor to a number of Vanguard funds.

LewisBraham

Expenses on retail shares should drop from 0.96% to an estimated 0.50 to 0.60% range if you compare them to the institutional share classes. That maybe turns this from a three star fund to a four star one— a meaningful win.

msf

It's not just this Hartford fund that Wellington manages.

"Hartford Funds offers a diverse line-up of mutual funds, primarily sub-advised by Wellington Management."
https://www.cbinsights.com/investor/hartford-funds

2001, WSJ: Behind the Scenes: Wellington Management Quietly Puts Hartford Funds Group on Map
https://www.wsj.com/articles/SB997055055405588489

From 2012, Pensions and Investments: "Wellington currently subadvises 45 of the Hartford's 77 mutual funds, including all of the equity funds. But The Hartford is in the process of moving all of its funds to Wellington, pending approval from the remaining funds' board of directors."
https://www.pionline.com/article/20120330/ONLINE/120339999/the-hartford-moves-closer-to-wellington-looks-to-pump-up-its-mutual-funds

From M*: "Wellington has long run the firm's equity funds--over half of its $116 billion in fund assets--and took the reins of Hartford Fund's fixed-income platform beginning in 2012. In 2016, Hartford Funds ... partnered with U.K.-based Schroders to expand its investment platform further."
https://www.morningstar.com/asset-management-companies/hartford-funds-BN00000J6S

A lengthy, current (Feb 23, 2023) piece (book excerpt) on Wellington's organization, history and relationship to Vanguard (and others):

The third component of Wellington’s strategy would be a group of unusually capable senior relationship managers, superior to what other competitors could offer. These professionals would “belong” to each of their clients’ senior executives and would custom tailor an optimal portfolio of specialist portfolio managers.
...
They created a diverse portfolio of investment units that could be custom-blended to suit each major client and, most particularly, Wellington’s largest client: Vanguard.

https://www.institutionalinvestor.com/article/b8xk7ncyw2d0pz/The-Inside-Story-of-How-Wellington-and-Vanguard-Became-Partners

Hartford is a relatively unheralded place to find funds managed by Wellington. If Vanguard/Wellington doesn't have a particular type of fund one is interested in, one might look for that type of fund at Hartford. These days, their A shares are widely available NTF, and their less expensive Y or I class shares are available TF with low mins. Of course, when offered in ETF form, those funds are pretty much universally available.

Observant1

Hartford Funds doesn't receive much recognition from individual investors.
Two estimable firms, Wellington and Schroders, are sub-advisors for many of their funds.
Definitely worth a look...

Observant1

msf said:

[snip]

A lengthy, current (Feb 23, 2023) piece (book excerpt) on Wellington's organization, history and relationship to Vanguard (and others):

The third component of Wellington’s strategy would be a group of unusually capable senior relationship managers, superior to what other competitors could offer. These professionals would “belong” to each of their clients’ senior executives and would custom tailor an optimal portfolio of specialist portfolio managers.
...
They created a diverse portfolio of investment units that could be custom-blended to suit each major client and, most particularly, Wellington’s largest client: Vanguard.

https://www.institutionalinvestor.com/article/b8xk7ncyw2d0pz/The-Inside-Story-of-How-Wellington-and-Vanguard-Became-Partners

[snip]

@msf,
Thanks for sharing this excellent article!
I need to read the corresponding book from Charles Ellis.