Hartford Funds, a leading asset management firm, has announced that it will close and liquidate two exchange-traded funds.

Hartford Funds commitment to responding to investors’ needs includes a regular review of its product lineup, which has led to a decision to liquidate the following funds:

Hartford Corporate Bond ETF (HCOR) and
Hartford Quality Bond ETF (HQBD),

each a series of Hartford Funds Exchange-Traded Trust.

September 14, 2018 will be the Funds’ last full day of trading on NYSE Arca, Inc. (NYSE Arca). Effective as of the close of business on September 14, 2018, the Funds will no longer accept orders for the purchase of Creation Units. Beginning when the Funds commence the liquidation of their portfolios, the Funds may not pursue their respective investment objectives or, with certain exceptions, engage in normal business activities, and each Fund may hold cash and securities that may not be consistent with that Fund’s investment objective and strategy.

The liquidation date for the Funds will be on or about September 21, 2018 (Liquidation Date). NYSE Arca is expected to halt trading in shares of each Fund after the market close on September 14, 2018. There can be no assurance that there will be a market for the purchase or sale of Fund shares during the time between the market close on September 14, 2018 and the Liquidation Date, because Fund shares will not be traded on NYSE Arca. Shareholders of each Fund may sell their shares of the Fund on NYSE Arca until the market close on September 14, 2018, and may incur customary transaction fees from their broker-dealer in connection with such sales. Prior to the Liquidation Date, Authorized Participants may continue to submit orders to the Funds for the redemption of Creation Units.

In connection with the liquidations, any shares of a Fund outstanding on the Liquidation Date will be automatically redeemed as of the close of business on the Liquidation Date without the imposition of customary redemption transaction fees. The proceeds of any such redemption will be equal to the net asset value of such shares after the Fund has paid or provided for all of its charges, taxes, expenses and liabilities, including certain operational costs of liquidating the Fund. The distribution to shareholders of these liquidation proceeds will occur as soon as practicable, and will be made to all Fund shareholders at the time of the liquidations.

Although the liquidations are not expected to be taxable events for the Funds, for taxable shareholders, the automatic redemption of shares of the Funds on the Liquidation Date will generally be treated as a sale that may result in a gain or loss for federal income tax purposes. Please consult your personal tax advisor about the potential tax consequences.