Hartford Funds has launched a new actively managed ETF providing socially responsible exposure to bonds from multiple fixed income sectors.

Vernon Meyer, Chief Investment Officer of Hartford Funds.

The Hartford Sustainable Income ETF (HSUN US) has been listed on Cboe BZX Exchange with an expense ratio of 0.54%.

The fund is sub-advised by Wellington Management, an independent investment manager with more than $1 trillion in assets under management.

Day-to-day operations are overseen by fixed income portfolio managers Campe Goodman, Joseph Marvan, and Robert Burn who collectively bring 83 years of financial industry experience including 56 years at Wellington Management.

The ETF seeks to provide current income and long-term capital growth by investing across government and corporate bonds, securitized bonds, bank loans, and emerging market debt. The fund’s performance is judged against the benchmark Bloomberg US Aggregate Bond Index.

Wellington Management utilizes its internally developed sustainability framework to identify issuers it believes have demonstrated a commitment to sustainable practices. This includes issuers making positive social or environmental impacts, sector leaders regarding ESG issues, and firms that are measurably improving their ESG characteristics.

Vernon Meyer, Chief Investment Officer at Hartford Funds, said: “We are excited to launch a multi-sector bond fund that uses a sustainable investing approach in an ETF structure. The launch of this actively managed ETF product further demonstrates our commitment to providing options that not only help investors to achieve their long-term investment goals but also provide investors with the opportunity to invest in a product that uses a sustainable investing approach.”