Hartford Schroders Tax-Aware Bond is a distinctive offering as its flexible mandate spans both the taxable and tax-free markets. The approach is without obvious flaws but lacks an edge over more-focused rivals. The strategy earns Morningstar Analyst Ratings of Neutral on its cheaper share classes and a Negative rating on its more expensive C shares.
Hartford Schroders Tax-Aware Bond I STWTX
NAV / 1-Day Return
10.25
/
0.79
%
Total Assets
382.5 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.490%
Expense Ratio
0.490%
Fee Level
Average
Longest Manager Tenure
10.64
years
Category
Intermediate Core Bond
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
2,000
Status
Open
TTM Yield
1.43%
Effective Duration
5.24
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will STWTX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable STWTX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the STWTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of STWTX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Balancing tax-free and taxable bonds in its search for value.
