Hartford Multifactor US Equity ETF (ROUS)ROUS

Hartford Multifactor US Equity ETF (NYSE: USMF) Overview

Profile:

Hartford Multifactor US Equity ETF is an actively managed ETF that invests in large- and mid-cap U.S. stocks. The ETF uses a multi-factor approach, which means it considers multiple factors, such as value, growth, momentum, and quality, when selecting stocks.

The ETF's objective is to provide long-term capital appreciation.

Issuer:

Hartford Funds is a subsidiary of The Hartford Financial Services Group, Inc., a leading financial services company with over 160 years of experience. Hartford Funds is a reputable asset manager with over $140 billion in assets under management.

Market Share:

Hartford Multifactor US Equity ETF has a market share of 0.04% in the U.S. large-cap equity ETF category.

Total Net Assets:

As of November 10, 2023, the ETF has $143.1 million in total net assets.

Moat:

The ETF's competitive advantages include its experienced management team, its unique multi-factor investment approach, and its low expense ratio.

Financial Performance:

Since its inception in July 2021, the ETF has returned 16.3%. Its annualized return over the past year is 11.2%.

Benchmark Comparison:

The ETF has outperformed its benchmark, the Russell 1000 Value Index, over the past year.

Growth Trajectory:

The ETF's assets under management have been growing steadily since its inception.

Liquidity:

The ETF has an average trading volume of 10,000 shares per day. Its bid-ask spread is 0.05%.

Market Dynamics:

The ETF's market environment is affected by factors such as economic indicators, interest rates, and sector performance.

Competitors:

The ETF's main competitors include iShares Core S&P 500 Value ETF (IVE), Vanguard Value ETF (VTV), and Schwab U.S. Large-Cap Value ETF (SCHV).

Expense Ratio:

The ETF's expense ratio is 0.35%.

Investment Approach and Strategy:

The ETF uses a multi-factor approach to select stocks. The ETF managers consider factors such as value, growth, momentum, and quality when making investment decisions.

Key Points:

• Actively managed ETF with a multi-factor approach.
• Invests in large- and mid-cap U.S. stocks.
• Experienced management team.
• Low expense ratio.
• Outperformed its benchmark over the past year.

Risks:

• The ETF is subject to market risk, which means its value can fluctuate due to market conditions.
• The ETF's multi-factor approach may not be successful in all market environments.
• The ETF is actively managed, which means its performance may be affected by the skill of the management team.

Who Should Consider Investing:

This ETF is suitable for investors who are looking for long-term capital appreciation and are comfortable with the risks of investing in the stock market.

Fundamental Rating Based on AI:

Based on an AI-based rating system, Hartford Multifactor US Equity ETF receives a rating of 7.5 out of 10. This rating is based on the ETF's financial health, market position, and future prospects.

Resources and Disclaimers:

• Data for this analysis was gathered from the following sources:
  • Hartford Funds website
  • Morningstar
  • Bloomberg
• This information is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.