Hartford Municipal Short Duration Fund (HMJIX)
The investment seeks to provide current income that is generally exempt from federal income taxes, and long-term total return. Normally, the fund will invest at least 80% of its net assets in municipal securities that pay interest exempt from federal income tax, and the fund may invest up to 20% of its net assets in non-investment grade municipal securities. It may invest in securities that produce income subject to income tax, including the Alternative Minimum Tax.
Fund Info
| ISIN | US41664T6029 |
|---|---|
| CUSIP | 41664T602 |
| Issuer | Hartford |
| Inception Date | May 28, 2015 |
| Category | Municipal Bonds |
| Min. Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
HMJIX features an expense ratio of 0.46%, falling within the medium range.
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 Short Duration 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 Short Duration Fund had a return of 2.90% year-to-date (YTD) and 5.24% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.90% | 18.13% |
| 1 month | 0.78% | 1.45% |
| 6 months | 2.47% | 8.81% |
| 1 year | 5.24% | 26.52% |
| 5 years (annualized) | 1.29% | 13.43% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of HMJIX, 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% | 0.29% | -0.05% | -0.23% | 0.06% | 0.69% | 0.79% | 0.88% | 2.90% | ||||
| 2023 | 1.36% | -1.35% | 1.38% | -0.26% | -0.37% | 0.48% | 0.25% | -0.15% | -0.87% | 0.06% | 2.16% | 1.03% | 3.72% |
| 2022 | -1.41% | -0.41% | -1.64% | -1.04% | 0.82% | -0.31% | 1.14% | -1.11% | -1.63% | -0.19% | 1.83% | 0.21% | -3.75% |
| 2021 | 0.54% | -0.44% | 0.22% | 0.42% | 0.00% | 0.22% | 0.40% | -0.19% | -0.28% | -0.20% | 0.20% | -0.01% | 0.87% |
| 2020 | 0.85% | 0.46% | -2.88% | -0.64% | 1.68% | 1.05% | 0.85% | 0.25% | 0.15% | 0.03% | 0.43% | 0.41% | 2.58% |
| 2019 | 0.57% | 0.38% | 0.57% | 0.17% | 0.66% | 0.39% | 0.41% | 0.30% | -0.48% | 0.11% | 0.01% | 0.07% | 3.19% |
| 2018 | 0.04% | 0.06% | -0.06% | -0.15% | 0.45% | 0.26% | 0.35% | 0.05% | -0.34% | -0.14% | 0.47% | 0.65% | 1.63% |
| 2017 | 0.52% | 0.43% | 0.21% | 0.42% | 0.62% | -0.08% | 0.42% | 0.42% | -0.17% | 0.02% | -0.56% | 0.14% | 2.42% |
| 2016 | 0.59% | 0.20% | -0.11% | 0.30% | 0.00% | 0.51% | 0.20% | 0.10% | -0.19% | -0.18% | -1.67% | 0.02% | -0.25% |
| 2015 | -0.05% | 0.39% | 0.09% | 0.20% | 0.39% | -0.10% | 0.09% | 1.01% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of HMJIX is 90, placing it in the top 10% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Hartford Municipal Short Duration Fund (HMJIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Hartford Municipal Short Duration Fund granted a 2.11% dividend yield in the last twelve months. The annual payout for that period amounted to $0.21 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.21 | $0.20 | $0.14 | $0.14 | $0.17 | $0.14 | $0.19 | $0.15 | $0.13 | $0.06 |
Dividend yield | 2.11% | 1.99% | 1.44% | 1.36% | 1.64% | 1.34% | 1.91% | 1.48% | 1.27% | 0.61% |
Monthly Dividends
The table displays the monthly dividend distributions for Hartford Municipal Short Duration 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 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.13 | |||
| 2023 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.20 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.14 |
| 2021 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.00 | $0.17 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.14 |
| 2018 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 |
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 Short Duration 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 Short Duration Fund was 7.02%, occurring on Mar 20, 2020. Recovery took 113 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.02% | Mar 10, 2020 | 9 | Mar 20, 2020 | 113 | Aug 31, 2020 | 122 |
| -6.26% | Aug 5, 2021 | 309 | Oct 25, 2022 | 410 | Jun 13, 2024 | 719 |
| -2.22% | Sep 1, 2016 | 64 | Dec 1, 2016 | 123 | May 31, 2017 | 187 |
| -1.04% | Sep 12, 2017 | 56 | Nov 29, 2017 | 148 | Jul 3, 2018 | 204 |
| -0.97% | Aug 15, 2019 | 23 | Sep 17, 2019 | 86 | Jan 21, 2020 | 109 |
Volatility
Volatility Chart
The current Hartford Municipal Short Duration Fund volatility is 0.24%, 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.