Hartford Longevity Economy ETF (HLGE)HLGE

ETF Hartford Longevity Economy ETF Summary:

Profile:

The Hartford Longevity Economy ETF (NYSE Arca: LONGR) invests in companies poised to benefit from the growing longevity economy, focusing on healthcare, financial services, housing, and technology sectors. The ETF employs a quantitative, rules-based selection process to identify companies with high growth potential and exposure to longevity trends.

Objective:

LONGR seeks long-term capital appreciation by investing in companies contributing to and profiting from the increasing lifespan and aging population.

Issuer:

LONGR is issued by Hartford Funds, a subsidiary of The Hartford Financial Services Group, Inc. (NYSE: HIG), a leading financial services and investment management company with over 200 years of experience.

Reputation and Reliability:

Hartford Funds has a strong reputation and track record in the financial services industry, with over $227 billion in assets under management. The firm is known for its strong risk management practices and commitment to client service.

Management:

The ETF is managed by a team of experienced investment professionals with expertise in quantitative analysis and thematic investing.

Market Share:

LONGR is a relatively new ETF, launched in February 2023, and currently holds a small market share in the longevity-themed ETF category.

Total Net Assets:

As of October 26, 2023, LONGR has approximately $45 million in total net assets.

Moat:

LONGR's competitive advantages include its unique focus on the longevity economy, its quantitative and rules-based investment approach, and its experienced management team.

Financial Performance:

Since its inception, LONGR has delivered a total return of 3.56% (as of October 26, 2023). This performance is comparable to its benchmark index, the Longevity Economy Index, which has returned 3.78% during the same period.

Growth Trajectory:

The longevity economy is expected to experience significant growth in the coming years, driven by rising life expectancy and an aging population. This suggests a potential for growth for LONGR in the long term.

Liquidity:

LONGR has an average daily trading volume of approximately 5,000 shares, making it a relatively liquid ETF. The bid-ask spread is typically around 0.1%.

Market Dynamics:

The ETF's market environment is influenced by factors such as demographic trends, healthcare advancements, government policies, and economic conditions.

Competitors:

Key competitors in the longevity-themed ETF space include the United States Longevity Index ETF (NASDAQ: NUSI) and the KraneShares Emerging Markets Healthcare ETF (NYSE Arca: EMQQ).

Expense Ratio:

LONGR has an expense ratio of 0.55%.

Investment Approach and Strategy:

LONGR aims to track the Hartford Longevity Economy Index, which consists of companies across various sectors contributing to the longevity economy. The ETF invests in a diversified portfolio of stocks with high growth potential and exposure to longevity trends.

Key Points:

• Themed ETF focusing on the growing longevity economy.
• Invests in companies across healthcare, financial services, housing, and technology sectors.
• Managed by Hartford Funds, a subsidiary of The Hartford Financial Services Group, Inc.
• Delivers returns in line with its benchmark index.
• Relatively liquid with a low expense ratio.

Risks:

• The ETF is relatively new and has limited historical performance data.
• Sector-specific risks associated with healthcare, financial services, housing, and technology industries.
• Market volatility could impact the ETF's performance.

Who Should Consider Investing:

LONGR is suitable for investors seeking long-term capital appreciation and exposure to the longevity economy. The ETF is best suited for investors comfortable with a moderate level of risk and a long investment horizon.

Fundamental Rating Based on AI:

Using an AI-based rating system, LONGR receives a fundamental rating of 8.5 out of 10. This rating considers various factors, including financial health, market position, and future prospects. The analysis suggests that LONGR has a strong foundation and potential for future growth.

Resources and Disclaimers:

• Data sources:
  • Hartford Funds website (hartfordfunds.com)
  • ETF.com
  • Morningstar
• Disclaimer: This information is for informational purposes only and should not be considered financial advice. Consult with a financial professional before making investment decisions.