ETF Evaluator:
Hartford AAA CLO ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Securitized Bond - Focused Over the Last Year
| 6.0% | iShares BBB-B CLO Active ETF (BCLO) |
| 5.6% | Nuveen AA-BBB CLO ETF (NCLO) |
| 5.4% | Reckoner Yield Enhanced AAA CLO ETF (RAAA) |
| 5.4% | Eldridge BBB-B CLO ETF (CLOZ) |
| 5.3% | BondBloxx Private Credit CLO ETF (PCMM) |
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Risk
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ETF Details
Hartford AAA CLO ETF Overview
Hartford AAA CLO ETF (TRPA) is an actively managed Taxable Bond Securitized Bond - Focused exchange-traded fund (ETF). Hartford Mutual Funds launched the ETF in 2018.
The investment seeks to provide capital preservation and current income.
The fund will invest at least 80% of its net assets in AAA rated CLOs. It may also invest up to 20% of its net assets in AA-rated or A-rated CLOs that have a minimum rating of A- at time of purchase. The CLOs in which the fund invests may be organized in the U.S. or outside the U.S. The fund may also invest in U.S. Treasury bills, notes, and bonds, including the debt of agencies and instrumentalities of the U.S. government.
About Hartford AAA CLO ETF (TRPA)
There are 2 members of the management team with an average tenure of 2.47 years: Cory Perry (2024) and Alyssa Irving (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and J.P. Morgan CLOIE AAA TR USD index with a weighting of 100%. Hartford AAA CLO ETF has 138 securities in its portfolio. The top 10 holdings constitute 14.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Hartford AAA CLO ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Hartford AAA CLO ETF has 51.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.4% (46.2% domestic bond, 51.1% foreign bond and 0.0% convertible bond). Hartford AAA CLO ETF has 2.6% of the portfolio in cash.
Assets Under Management
The fund has $110 million in total assets, which is below the $1 billion average for the Securitized Bond - Focused category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TRPA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Hartford AAA CLO ETF expense ratio is below average compared to funds in the Securitized Bond - Focused category. Hartford AAA CLO ETF has an expense ratio of 0.24%, which is 23% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Hartford AAA CLO ETF has a portfolio turnover rate of 29%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Securitized Bond - Focused category.
Recently, in the month of July 2026, Hartford AAA CLO ETF returned 0.4%, which earned it a grade of C, as the Securitized Bond - Focused category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Hartford AAA CLO ETF has a trailing yield of 5.05%, which is below the 5.32% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Hartford AAA CLO ETF Grades
Year to date, the ETF has returned 2.8%, 0.3 percentage points better than the category, which translates into a grade of B. The fund has returned 5.1% over the past year (grade of B), 6.3% over the past three years (grade of C) and 3.4% per year over the past five years (grade of D).
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TRPA Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TRPA Return (NAV) | 0.4% | 1.3% | 5.1% | 6.3% | 3.4% | na |
| TRPA Return (Price) | 0.4% | 1.3% | 5.2% | 6.2% | 3.4% | na |
| NAV +/- Price Return | -0.019% | -0.020% | -0.053% | 0.137% | 0.005% | na |
| Securitized Bond - Focused Avg | 0.3% | 1.2% | 4.9% | 6.6% | 3.4% | 1.9% |
| TRPA Grade (NAV) | C | B | B | C | D | na |
| +/- Category (NAV) | 0.1% | 0.1% | 0.2% | -0.3% | 0.0% | na |
| TRPA Tax-Cost Ratio | na | na | 2.0% | 2.2% | 1.8% | na |
TRPA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TRPA Return (NAV) | 2.8% | 5.5% | 6.5% | 7.4% | -4.3% | 0.5% | 3.8% | 6.9% | na | na | na |
| TRPA Return (Price) | 2.7% | 5.5% | 6.4% | 7.5% | -4.4% | 0.6% | 3.8% | 6.9% | na | na | na |
| NAV +/- Price Ret | -0.042% | 0.008% | -0.006% | 0.015% | 0.024% | 0.236% | -0.017% | 1.0% | na | na | na |
| Securitized Bond - Focused Avg | 2.5% | 5.9% | 7.6% | 9.0% | -3.7% | 0.3% | 5.8% | 7.5% | 0.6% | 3.1% | 3.0% |
| TRPA Grade (NAV) | B | D | F | F | D | D | F | F | na | na | na |
| +/- Category | 0.3% | -0.4% | -1.1% | -1.6% | -0.6% | 0.1% | -2.0% | -0.6% | na | na | na |
| Risk Measures | |
| Beta: | 0.14 |
| R-Squared: | 42% |
| Standard Deviation: | 1.2% |
| Category Risk Index: | 0.89 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 0.10 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 5.1% |
| Total Assets: | $ 111 Mil |
| Share Class Assets: | $ 111 Mil |
| Turnover: | 29.0% |
| Expense Ratio: | 0.24% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.5 years | |||
| Average Tenure: 2.5 years | |||
| Managers (Year): Perry Cory (2024), Irving Alyssa (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 138 |
| % in Top 10 Holdings: | 14.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 51.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 46.2% |
| Foreign Bond: | 51.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Hartford Mutual Funds |
| Phone Number: | 800-456-7526 |
| Website: | https://www.hartfordfunds.com/home.html |
| Inception Date: | May 30, 2018 |
Expenses and Fees
| Expense Ratio (%): | 0.24% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.31% |
