WAYNE, PA — Hartford Funds has announced plans to close and liquidate four exchange-traded funds (ETFs) as part of its ongoing commitment to aligning its product offerings with investor needs. Following a comprehensive review, the firm will liquidate the following funds:
- Hartford Schroders Commodity Strategy ETF (HCOM)
- Hartford Longevity Economy ETF (HLGE)
- Hartford Multifactor Diversified International ETF (RODE)
- Hartford Multifactor International Small Company ETF (ROIS)
June 23, 2025, will be the final trading day for HCOM and HLGE on the NYSE Arca, Inc., and for RODE and ROIS on the Cboe BZX Exchange, Inc. After the market closes on that date, the funds will no longer accept purchase orders, and shareholders will lose the ability to trade shares. Liquidation of the funds’ portfolios will commence at that time, with the formal liquidation date set for around June 30, 2025.
Shareholders have the option to sell their shares on the applicable exchange before the market closes on June 23, 2025. Authorized participants may also redeem creation units during this period. Any shares outstanding on the liquidation date will be automatically redeemed, with proceeds distributed to shareholders based on the funds’ net asset value after all charges, expenses, and liabilities are covered.
While the liquidation process is not expected to have tax implications for the funds themselves, shareholders may need to report the automatic redemption of shares as a taxable sale, possibly resulting in a gain or loss for federal income tax purposes. Shareholders are advised to consult a tax professional to understand the potential implications.
This decision reflects Hartford Funds’ commitment to tailoring its product lineup to evolving investor needs. The closure and liquidation of these ETFs signify strategic adjustments that aim to enhance the firm’s focus and responsiveness to market demands while considering the long-term interests of its investors.
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