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HYMQX

$--
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1d
1w
1m

Analysis and statistics

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  • Dividend Per Share
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About

HYMQX.US represents the Hartford Multifactor US Equity ETF. This ETF seeks to track the performance, before fees and expenses, of the Hartford Multifactor US Equity Index. The index utilizes a rules-based methodology to select and weight U.S. equity securities based on multiple factors, including valuation, quality, and momentum, aiming to outperform traditional market-capitalization-weighted benchmarks.
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Factors

Fund Performance: Past performance, relative to its benchmark and peers, greatly influences investor demand, impacting price.

Interest Rates: Changes in interest rates, especially those impacting high-yield bonds, directly affect HYMQX's net asset value (NAV).

Credit Spreads: Widening credit spreads signal increased risk aversion, depressing high-yield bond prices, lowering the fund's NAV.

Market Sentiment: General investor risk appetite or aversion significantly influences demand for high-yield bond funds, affecting their price.

Fund Flows: Large inflows can push the price up, while outflows can force the fund to sell assets, potentially lowering the price.

Expense Ratio: A higher expense ratio can detract from returns, making the fund less attractive compared to lower-cost alternatives.

Economic Conditions: Economic growth or contraction influences the ability of high-yield bond issuers to repay debts, impacting bond prices and the fund's NAV.

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