About HMJAX
Hartford Municipal Short Duration Fund Class A is a mutual fund that seeks to provide current income generally exempt from federal income taxes along with long-term total return. It primarily invests in a portfolio of short-term municipal bonds, including both investment-grade and a limited portion of non-investment-grade securities, maintaining a dollar-weighted average duration of plus or minus two years for reduced interest rate sensitivity. The fund offers national exposure through diversified holdings across U.S. geographies, sectors such as revenue bonds, general obligation bonds, and state-specific issues like those from Illinois, Texas, and Pennsylvania, emphasizing credit selection and sector allocation. Sub-advised by Wellington Management, it prioritizes high-quality, short-duration municipal debt to generate tax-efficient income in a defensive manner suitable for navigating market uncertainties. This Class A share class caters to investors seeking monthly distributions from stable, income-oriented fixed-income strategies within the short municipal national category, benchmarked against the Bloomberg Municipal Bond Short 1-5 Year Index.
Fund Family Hartford Mutual Funds
Category Muni National Short
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol HMJAX
Share Class Class A
Index Bloomberg Municipal Short 1-5 Y TR
HMJAX had a total return of 1.55% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.45%.
