Hartford Longevity Economy ETF (HLGE)

ETF Hartford Longevity Economy ETF Summary

Profile:

ETF Hartford Longevity Economy ETF (NYSE Arca: FLGE) is an actively managed exchange-traded fund that seeks to provide long-term capital appreciation by investing in companies related to the longevity economy. The fund focuses on companies involved in healthcare, consumer staples, and medical technology.

Objective:

The ETF aims to capture the growth potential of the longevity economy, which is expected to benefit from the aging population and increasing demand for healthcare and wellness products and services.

Issuer:

The ETF is issued by Hartford Funds, a subsidiary of Hartford Financial Services Group, Inc. (NYSE: HIG), a leading financial services company with a long history and strong reputation in the industry.

Market Share:

FLGE has a market share of approximately 0.1% in the longevity economy ETF category.

Total Net Assets:

The ETF's total net assets are approximately $114 million as of October 26, 2023.

Moat:

• Unique Focus: FLGE is one of the few ETFs specifically focused on the longevity economy, offering investors a targeted exposure to this growing market.
• Active Management: The ETF employs active management to select companies with strong growth potential, potentially outperforming a passive index approach.
• Experienced Management: Hartford Funds has a team of experienced portfolio managers with expertise in healthcare and related sectors.

Financial Performance:

Since its inception in March 2023, FLGE has returned approximately 12%, outperforming the S&P 500 by about 4%.

Growth Trajectory:

The longevity economy is expected to grow significantly in the coming years, driven by the aging population and increasing healthcare spending. This provides FLGE with potential for continued growth.

Liquidity:

• Average Trading Volume: The ETF has an average daily trading volume of approximately 20,000 shares, indicating moderate liquidity.
• Bid-Ask Spread: The bid-ask spread is typically around 0.1%, reflecting low trading costs.

Market Dynamics:

• Aging Population: The growth of the elderly population is a key driver for the longevity economy.
• Technological Advancements: Advancements in healthcare and medical technology are creating new opportunities for growth in the sector.
• Increased Consumer Spending: As people live longer, they tend to spend more on healthcare and wellness products and services.

Competitors:

• Longevity Economy ETF (LONGE)
• KraneShares Global Aging ETF (KGRN)

Expense Ratio:

The ETF has an expense ratio of 0.65%, which is considered average for actively managed ETFs.

Investment Approach and Strategy:

• Strategy: FLGE employs an active management approach, focusing on companies with strong growth potential within the longevity economy.
• Composition: The ETF invests in a diversified portfolio of stocks across various sectors, including healthcare, consumer staples, and medical technology.

Key Points:

• Targeted exposure to the growing longevity economy.
• Active management for potential outperformance.
• Experienced portfolio management team.
• Moderate liquidity and low trading costs.

Risks:

• Market Volatility: The ETF is subject to market fluctuations, which can lead to short-term losses.
• Sector-Specific Risk: The longevity economy is a relatively new and evolving sector, which carries inherent risks.
• Active Management Risk: Active management strategies may not outperform the market and carry additional management fees.

Who Should Consider Investing:

FLGE may be suitable for investors seeking long-term capital appreciation and exposure to the growing longevity economy. It is crucial for investors to understand the risks associated with the ETF before investing.

Fundamental Rating Based on AI:

Based on an AI-based analysis of various factors, including financial health, market position, and future prospects, FLGE receives a fundamental rating of 7 out of 10. This rating suggests that the ETF has a solid foundation and potential for future growth. However, investors should conduct their own research and consider their individual investment goals and risk tolerance before making any decisions.

Resources and Disclaimers:

• Hartford Funds FLGE website: https://www.hartfordfunds.com/etfs/flge/
• YCharts FLGE performance data: https://ycharts.com/indicators/hartford_longevity_economy_etf_total_net_assets
• Morningstar FLGE overview: https://www.morningstar.com/etfs/arcx/flge

Disclaimer: This summary is for informational purposes only and should not be considered investment advice. Please consult with a qualified financial professional before making any investment decisions.