HMIRX — Hartford Multifactor International Fund
Data updated: 2021-11-26
HMIRX — Hartford Multifactor International Fund. Money Market · $3.71M AUM · 1.04% expense ratio. Holdings, fees, performance and SEC filings.
HMIRX Fund Overview
HMIRX — Hartford Multifactor International Fund is a US mutual fund managed by Hartford Mutual Funds Ii, INC, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Hartford Mutual Funds Ii, INC
- Category: Money Market
- Assets under management: $3.71M
- 1-year return: 25.1%
- Ticker: HMIRX
- SEC CIK: 0000049905
- SEC series ID: S000065576
- Share class ID: C000212122
HMIRX Investment Objective and Strategy
Hartford Multifactor International Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Hartford Mutual Funds Ii, INC.
Investment objective
The Fund seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of companies located in major developed markets of Europe, Canada and the Pacific Region.
Principal investment strategy
The Fund seeks to provide investment results that, before fees and expenses, correspond to the total return performance of the Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index (LRODMX) (the Index), which is designed to address risks and opportunities within developed markets located outside the U.S. The Index selects equity securities of companies domiciled within developed international equity markets that exhibit a favorable combination of factors, including valuation, momentum, and quality. The Index seeks to outperform a capitalization-weighted universe of companies located in major developed markets of Europe, Canada and the Pacific Region over a complete market cycle with up to 15% less volatility compared to that of the capitalization-weighted universe through the Index construction process.
Risk-Optimized refers to the approach Lattice Strategies LLC (Lattice or the Investment Manager) takes in the development and management of the Index. The Index, developed by Lattice, seeks to address identified risks within its asset class. For example, country, company, and currency concentrations, valuation insensitivity, and other unmanaged risk factors may be addressed through the index management process. Risk-optimized does not mean lower risk, but rather refers to the deliberate and intentional re-allocation of specific risks. The Index is built with a rules-based, proprietary methodology that employs a multi-layered risk-controlled approach that seeks to address risks associated with the cap-weighted universe, accounting for size, country, liquidity and volatility risks. Specifically, the Index seeks to de-concentrate individual country and currency risks while emphasizing companies that exhibit persistent risk premium factors, including but not limited to, quality, momentum, and value.
The Indexs components are risk- and factor-adjusted twice annually, with reconstitution and rebalance occurring in March and September. The Index was established on December 31, 2013. The components of the Index may range from 400 to 500, and the degree to which these components represent certain industries, may change over time. The Investment Manager uses a passive or indexing approach to try to achieve the Funds investment objective. The Fund does not try to beat the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued. Indexing may eliminate the chance that the Fund will substantially outperform the Index but may also reduce some of the risks of active management, such as over concentration in countries and individual equities. Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies.
The Fund generally invests at least 80% of its assets in securities included in the Index and in depositary receipts (such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and European Depositary Receipts (EDRs)) representing securities included in the Index. The Fund may invest the remainder of its assets in certain derivative instruments that may not be included in the Index, cash and cash equivalents, including money market funds, as well as in securities that are not included in the Index but that the sub-adviser believes will help the Fund track the Index. To the extent that the Index concentrates (i.e., holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will do so in approximately the same amount as the Index.
The Fund may lend securities representing up to one-third of the value of the Funds total assets (including the value of the collateral received) in accordance with the Funds securities lending program and guidelines. The Index is sponsored by Lattice. Lattice determines the composition and relative weightings of the securities in the Index and publishes information regarding the market value of the Index. The Index is calculated and distributed by Solactive AG. Additional information on the Index can be found at hartfordfunds.com.
HMIRX Performance
Total returns for HMIRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 25.1% |
| 3 years (annualised) | 7.6% |
HMIRX Risk Information
Risk metrics for HMIRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.2%
HMIRX Costs and Fees
HMIRX costs about $104 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.04%
- Gross expense ratio: 8.42%
- Portfolio turnover: 61%
- Brokerage commissions: 2.69 bps of average net assets (SEC N-CEN)
HMIRX Cashflows
Over the 12 months to 2021-09, Hartford Multifactor International Fund had net inflows of $608.61K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-09 | $528.03K |
| 2021-08 | −$14.01K |
| 2021-07 | −$7.04K |
| 2021-06 | $63.33K |
| 2021-05 | $0 |
| 2021-04 | −$18 |
HMIRX Debt Constituents
No individual debt constituents are reported in Hartford Multifactor International Fund's latest SEC N-PORT filing.
HMIRX Prospectus and SEC Filings
Official Hartford Multifactor International Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-01-28
- Prospectus (485BPOS) — filed 2020-02-13
- Prospectus (485BPOS) — filed 2019-06-13
- Portfolio holdings (N-PORT) — filed 2021-11-26
- Portfolio holdings (N-PORT) — filed 2021-08-26
- Portfolio holdings (N-PORT) — filed 2021-05-28
- Annual census (N-CEN) — filed 2020-12-09
- Annual census (N-CEN) — filed 2019-12-13
Related Funds
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.