Fund Evaluator:
Hartford Municipal Short Duration F (HMJFX)
Follow This Fund
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Fund Details
Hartford Municipal Short Duration F Overview
Hartford Municipal Short Duration F (HMJFX) is an actively managed Municipal Bond Muni National Short fund. Hartford Mutual Funds launched the fund in 2017.
The investment seeks to provide current income that is generally exempt from federal income taxes, and long-term total return. Normally, the fund will invest at least 80% of its net assets in municipal securities that pay interest exempt from federal income tax. The fund may invest up to 20% of its net assets in non-investment grade municipal securities. It may invest in securities that produce income subject to income tax, including the Alternative Minimum Tax.
About Hartford Municipal Short Duration F (HMJFX)
There are 2 members of the management team with an average tenure of 6.95 years: Brad Libby (2015), Elizabeth J. Kleinerman (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg Municipal TR USD index with a weighting of 100% and Bloomberg Municipal 1-5 Yr TR USD index with a weighting of 100%. Hartford Municipal Short Duration F has 163 securities in its portfolio. The top 10 holdings constitute 15.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Hartford Municipal Short Duration F is part of the Fixed Income global asset class and is within the Municipal Bond fund group. Hartford Municipal Short Duration F has 2.1% 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 94.3% (92.3% domestic bond, 2.1% foreign bond and 0.0% convertible bond). Hartford Municipal Short Duration F has 5.7% of the portfolio in cash.
Assets Under Management
The fund has $9 million in total assets, which is below the $633 million average for the Muni National Short 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.
HMJFX 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 Municipal Short Duration F expense ratio is below average compared to funds in the Muni National Short category. Hartford Municipal Short Duration F has an expense ratio of 0.39%, which is 32% 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 Municipal Short Duration F has a portfolio turnover rate of 32%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Muni National Short category.
Recently, in the month of July 2026, Hartford Municipal Short Duration F returned -0.6%, which earned it a grade of D, as the Muni National Short category had an average return of -0.5%. 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 funds in that category.
Hartford Municipal Short Duration F has a trailing yield of 2.59%, which is below the 2.78% category average. The fund normally distributes its income monthly and its capital gains annually.
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 Municipal Short Duration F Grades
Year to date, the fund has returned 0.6%, 0.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 2.2% over the past year (grade of F), 3.3% over the past three years (grade of C) and 1.4% per year over the past five years (grade of C) and 1.8% per year over the past 10 years (grade of B).
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HMJFX 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 |
|
| HMJFX Return (NAV) | -0.6% | -0.0% | 2.2% | 3.3% | 1.4% | 1.8% |
| HMJFX Grade | D | D | F | C | C | B |
| +/- Category | -0.1% | -0.1% | -0.5% | 0.1% | -0.0% | 0.2% |
| Muni National Short Avg | -0.5% | 0.1% | 2.7% | 3.2% | 1.5% | 1.5% |
| HMJFX Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | na |
HMJFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HMJFX Return (NAV) | 0.6% | 4.4% | 2.8% | 3.8% | -3.8% | 1.0% | 2.8% | 4.3% | 1.6% | 2.4% | -0.3% |
| HMJFX Grade | D | B | C | C | C | A | B | B | A | B | C |
| +/- Category | -0.2% | 0.4% | 0.2% | -0.0% | -0.6% | 0.6% | 0.4% | 0.9% | 0.4% | 0.6% | -0.1% |
| Muni National Short Avg | 0.8% | 4.0% | 2.6% | 3.9% | -3.2% | 0.4% | 2.4% | 3.4% | 1.2% | 1.9% | -0.1% |
| Risk Measures | |
| Standard Deviation: | 2.0% |
| Total Risk Index: | 0.17 - Low |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (43% Rank) |
| Beta: | 0.32 |
| R-Squared: | 82% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 2.6% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $40 Mil |
| Fund Total Assets: | $ 9 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 32% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 11.2 years | |||
| Average Tenure: 6.9 years | |||
| Managers (Year): Libby Brad (2015), Kleinerman Elizabeth J. (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 163 |
| % in Top 10 Holdings: | 15.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 92.3% |
| Foreign Bond: | 2.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 5.7% |
Purchase Information
| Fund Family: | Hartford Mutual Funds |
| Phone Number: | 888-843-7824 |
| Website: | www.hartfordfunds.com |
| Status: | Open |
| Inception Date: | February 28, 2017 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.39% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.58% |
| Share Class: | Hartford Municipal Short Duration I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
