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Upturn AI SWOT - About
Hartford Schroders Tax-Aware Bond ETF (HTAB)
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Upturn Advisory Summary
03/06/2025: HTAB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 2.83% | Avg. Invested days 41 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/06/2025 |
Key Highlights
Volume (30-day avg) 125850 | Beta 1.06 | 52 Weeks Range 18.38 - 19.72 | Updated Date 04/1/2025 |
52 Weeks Range 18.38 - 19.72 | Updated Date 04/1/2025 |
Upturn AI SWOT
Hartford Schroders Tax-Aware Bond ETF
ETF Overview
Overview
The Hartford Schroders Tax-Aware Bond ETF (HTAX) seeks to provide current income consistent with preservation of capital by investing primarily in investment-grade municipal bonds, emphasizing tax efficiency.
Reputation and Reliability
Hartford Funds has a solid reputation and a long track record in the investment management industry. Schroders is a well-known global asset manager.
Management Expertise
The ETF benefits from the bond management expertise of Schroders, a firm with significant experience in fixed income investing.
Investment Objective
Goal
The primary investment goal is to provide current income, consistent with preservation of capital and to be tax efficient.
Investment Approach and Strategy
Strategy: The ETF employs a quantitative approach to select municipal bonds, aiming for tax-exempt income by focusing on investment-grade bonds.
Composition The ETF holds primarily municipal bonds.
Market Position
Market Share: HTAX's market share is relatively small compared to larger, more established municipal bond ETFs.
Total Net Assets (AUM): 108700000
Competitors
Key Competitors
- MUB
- VTEB
- ITM
Competitive Landscape
The municipal bond ETF market is dominated by large, established players like MUB and VTEB. HTAX's tax-aware strategy differentiates it, but it faces challenges in gaining significant market share due to its smaller size and relatively newer status. Advantages include focused tax efficiency, disadvantages include lower AUM.
Financial Performance
Historical Performance: Historical performance data should be analyzed across various time periods (1yr, 3yr, 5yr, 10yr) to fully understand its track record.
Benchmark Comparison: The ETF's performance is compared to benchmarks like the S&P Municipal Bond Index to assess its effectiveness.
Expense Ratio: 0.29
Liquidity
Average Trading Volume
The average trading volume is relatively low, indicating moderate liquidity.
Bid-Ask Spread
The bid-ask spread is generally moderate, reflecting its level of liquidity.
Market Dynamics
Market Environment Factors
Economic indicators, interest rate movements, and tax policy changes can affect HTAX. Changes in municipal bond credit ratings also play a role.
Growth Trajectory
Growth is dependent on investor demand for tax-efficient income and the ability to attract assets from larger competitors. Continued innovation in tax-aware strategies may boost growth.
Moat and Competitive Advantages
Competitive Edge
HTAX focuses specifically on tax-aware investing within the municipal bond market, which differentiates it from broader municipal bond ETFs. It uses a quantitative approach to select bonds for tax efficiency. This targeted strategy may appeal to investors in high tax brackets, providing a competitive edge within that specific niche. However, reaching investors and scaling AUM can be challenging.
Risk Analysis
Volatility
Historical volatility should be compared to other municipal bond ETFs and its benchmark to understand its risk profile.
Market Risk
The ETF is subject to interest rate risk and credit risk associated with municipal bonds. Market risk include factors such as economic downturns or changes in the municipal bond market environment.
Investor Profile
Ideal Investor Profile
The ideal investor is a high-net-worth individual in a high tax bracket seeking tax-efficient income and capital preservation.
Market Risk
The ETF is suitable for long-term investors seeking tax-advantaged income, but less suitable for active traders due to lower liquidity.
Summary
The Hartford Schroders Tax-Aware Bond ETF (HTAX) offers tax-efficient income through investment-grade municipal bonds. While its AUM is relatively small and its liquidity is moderate, the ETF's focused approach may appeal to high-tax-bracket investors. It faces competition from larger, more established municipal bond ETFs. Investors should consider the ETF's risk profile, including interest rate and credit risks, along with its tax benefits, when evaluating whether this ETF fits their portfolio.
Similar Companies
CMF
iShares California Muni Bond ETF
CMF
iShares California Muni Bond ETF
MUB
iShares National Muni Bond ETF
MUB
iShares National Muni Bond ETF
VTEB
Vanguard Tax-Exempt Bond Index Fund ETF Shares
VTEB
Vanguard Tax-Exempt Bond Index Fund ETF Shares
Sources and Disclaimers
Data Sources:
- Hartford Funds Website
- Schroders Website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions. Market share data is based on most recently available information and may fluctuate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Hartford Schroders Tax-Aware Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund seeks to achieve its investment objective by investing in a diversified portfolio of fixed income debt instruments of varying maturities. Under normal circumstances, it invests at least 80% of its assets in U.S. dollar-denominated, investment-grade fixed income debt instruments. Fixed income debt instruments include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public or private-sector entities.
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