Hartford Municipal Opportunities Fund (HHMIX)
The fund seeks to achieve its investment objective by investing in investment grade and non-investment grade municipal securities (known as "junk bonds") that the sub-adviser considers to be attractive from a yield perspective while considering total return. At least 80% of the fund's net assets must be invested in municipal securities, and up to 35% of the fund's net assets may be invested in non-investment grade municipal securities.
Fund Info
US41664L6746
41664L674
May 30, 2007
$2,000
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Hartford Municipal Opportunities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Hartford Municipal Opportunities Fund had a return of 2.75% year-to-date (YTD) and 6.87% in the last 12 months. Over the past 10 years, Hartford Municipal Opportunities Fund had an annualized return of 2.53%, while the S&P 500 had an annualized return of 11.13%, indicating that Hartford Municipal Opportunities Fund did not perform as well as the benchmark.
HHMIX
2.75%
-0.21%
2.76%
6.87%
1.35%
2.53%
^GSPC (Benchmark)
24.05%
1.08%
11.50%
30.38%
13.77%
11.13%
Monthly Returns
The table below presents the monthly returns of HHMIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.03% | 0.40% | 0.14% | -0.93% | 0.02% | 1.37% | 0.76% | 0.77% | 0.99% | -1.16% | 2.75% | ||
| 2023 | 2.70% | -2.05% | 1.84% | -0.01% | -0.61% | 0.98% | 0.24% | -0.84% | -2.20% | -1.00% | 5.14% | 2.34% | 6.48% |
| 2022 | -2.51% | -0.76% | -2.93% | -2.77% | 1.15% | -1.62% | 2.52% | -1.96% | -3.57% | -0.92% | 4.20% | 0.10% | -8.98% |
| 2021 | 0.82% | -1.35% | 0.50% | 0.94% | 0.33% | 0.54% | 0.70% | -0.28% | -0.83% | -0.29% | 0.71% | 0.13% | 1.91% |
| 2020 | 1.67% | 1.31% | -4.52% | -1.76% | 2.90% | 1.67% | 1.64% | -0.04% | -0.16% | -0.04% | 1.29% | 0.83% | 4.66% |
| 2019 | 0.83% | 0.60% | 1.40% | 0.46% | 1.38% | 0.57% | 0.68% | 1.57% | -0.68% | 0.09% | 0.20% | 0.32% | 7.66% |
| 2018 | -0.81% | -0.22% | 0.47% | -0.23% | 0.95% | 0.12% | 0.35% | 0.25% | -0.47% | -0.71% | 0.97% | 0.94% | 1.58% |
| 2017 | 0.60% | 0.71% | 0.34% | 0.95% | 1.28% | -0.12% | 0.70% | 0.81% | -0.34% | 0.00% | -0.46% | 0.94% | 5.52% |
| 2016 | 1.16% | 0.00% | 0.57% | 0.69% | 0.33% | 1.59% | 0.11% | 0.21% | -0.35% | -0.93% | -4.03% | 0.84% | 0.08% |
| 2015 | 1.76% | -1.06% | 0.37% | -0.42% | -0.32% | -0.07% | 0.63% | 0.16% | 0.86% | 0.47% | 0.49% | 0.71% | 3.62% |
| 2014 | 1.64% | 0.88% | -0.06% | 1.12% | 1.22% | 0.14% | 0.15% | 1.09% | 0.26% | 0.74% | 0.23% | 0.48% | 8.18% |
| 2013 | 0.32% | 0.30% | 0.18% | 1.11% | -1.10% | -3.51% | -0.78% | -1.18% | 1.90% | 0.66% | -0.20% | -0.06% | -2.43% |
Expense Ratio
HHMIX features an expense ratio of 0.44%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HHMIX is 72, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Hartford Municipal Opportunities Fund (HHMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Hartford Municipal Opportunities Fund provided a 3.23% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.24 | $0.18 | $0.17 | $0.20 | $0.23 | $0.26 | $0.24 | $0.23 | $0.26 | $0.27 | $0.30 |
Dividend yield | 3.23% | 2.92% | 2.27% | 1.89% | 2.18% | 2.62% | 3.09% | 2.76% | 2.77% | 3.07% | 3.15% | 3.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Hartford Municipal Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.23 | |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.26 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2014 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Hartford Municipal Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Hartford Municipal Opportunities Fund was 27.37%, occurring on Dec 17, 2008. Recovery took 331 trading sessions.
The current Hartford Municipal Opportunities Fund drawdown is 1.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.37% | Jun 1, 2007 | 391 | Dec 17, 2008 | 331 | Apr 14, 2010 | 722 |
| -13.75% | Aug 6, 2021 | 308 | Oct 25, 2022 | 485 | Oct 1, 2024 | 793 |
| -11.5% | Mar 10, 2020 | 9 | Mar 20, 2020 | 98 | Aug 10, 2020 | 107 |
| -9.01% | Nov 2, 2010 | 53 | Jan 18, 2011 | 172 | Sep 22, 2011 | 225 |
| -7.03% | May 3, 2013 | 78 | Aug 22, 2013 | 192 | May 29, 2014 | 270 |
Volatility
Volatility Chart
The current Hartford Municipal Opportunities Fund volatility is 1.17%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.