Seek to Improve US Equity Exposure

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1 Seek to Improve US Equity Exposure Seek Higher Returns by Investing Beyond Mega Caps Large US companies (ex mega caps) historically provided stronger returns than mega caps, 1 yet are under represented in capitalization weighted portfolios Broader exposure to US large caps may enhance returns while reducing concentration risk Gain Exposure to Factors that Drive Growth Potential Improve valuation exposure: Avoid overpaying for US equity exposure by investing across US companies with lower relative valuations Seek higher quality: Reduce risk to highly indebted companies by investing in higher quality companies Seek companies with positive price trends Take Better Risk: Invest deeper within the large cap universe, beyond mega caps Seek companies with factors that drive return potential, including compelling valuations, less debt and higher quality 1 Historically, large caps (ex mega caps) have outperformed mega caps (ex large caps) by an average of 3% per year since 1996, the first year a company achieved a $100B valuation. See page 2 disclosure for additional definitions. Source: S&P Capital IQ / Compustat. Calculations by Hartford Funds using data through 12/31/2016. Data compiled as of 9/30/17. The research that underlies this investment case is conducted on a semi annual basis, and therefore characteristics may not be as of most recent quarter end. Please refer to our website, for the most current portfolio information. 1

2 Large Caps Have Historically Generated Higher Returns than Mega Caps Yearly Performance of US Large Cap Universe (ex Mega Caps) vs. US Mega Caps ($100B+ Market Cap) Total Return % Large Large Caps (<$100B market cap) Mega Caps (>$100B market cap) 279% Mega Average Ann. Return Total Return 11.1% 552% 8.1% 279% Average return of companies with market caps less than $100B Large Caps Outperformed Mega Caps Outperformed 2008 Average return of companies with market caps over $100B The above chart plots the average annual return of two groups of stocks within the US large cap equity universe during the calendar years 1996 through Blue dots indicate years in which the average performance of large cap companies Y axis) outperformed mega cap companies (x axis). Gray dots indicate years in which the average return of mega cap stocks outperformed the average return of large cap stocks. Groups were established based on the market capitalization of each company at the beginning of each calendar year period and the plotted performance represents the average return for all companies within each group. Dividends were reinvested. The analysis considers all US companies with an available sector classification which fall within the top 85% of cumulative market capitalization on December 31 of each year. Companies with a market value above $100B are classified as Mega while companies with a market value under $100B are classified as Large. The analysis begins in 1996, the first year that at least one company had a market value above $100B. For simplicity, annual returns of Mega and Large groups are calculated as the average of all companies that existed in the universe for the full year. Data source is S&P Capital IQ / Compustat as of October Calculations by Hartford Funds. Past performance is no guarantee of future results % 40% 30% 20% 10% 30% 40% 50% % 40% 30% 20% 10% 0% 10% 10% 20% 30% 40% 50% %

3 Invests Deeper within the Large Cap Universe, Beyond Mega Caps 3.0% Company Size Exposure vs. Index (%) Mega caps Large caps Mid caps 2.5% Position Size (%) 2.0% 1.5% 1.0% Capitalization weighted approaches concentrate capital in mega caps allocates capital deeper into the US market in search of large companies with favorable risk/return factors > $100 billion $10 billion $100 billion MSCI USA Index $2 billion $10 billion 0.5% 0.0% Number of Holdings The above chart depicts the number of holdings and position sizes in the MSCI USA Index (gray) and Hartford Multifactor US Equity ETF (, in blue). The bar chart above right illustrates the allocation differences between and the MSCI USA Index. All data as of September 30, Fund inception date is February 25, Holdings subject to change. Source Bloomberg, Hartford Funds. Analysis: Hartford Funds. 3

4 Pursues Large Companies with Compelling Valuations and Higher Quality Improved Valuation Higher Quality Better Return on Equity Less Debt Capitalization weighted Price to Earnings Ratio Return on Equity Debt to Equity Capitalization weighted is represented by the MSCI USA Index. Source: Hartford Funds and Bloomberg as of September 30,

5 Take Action: : Gain Exposure to Factors that Drive Growth Potential invests deeper in the large cap equity universe in search of companies with favorable valuation, momentum, and quality factors* 97% of holdings have positive exposure to a combination of value, momentum, and quality factors (versus 70% for the capitalization weighted index) Combined Factor Score of Holdings** 4.0 % of Portfolio with Positive Combined Factor Score: Portfolio Allocation (%) Capitalization weighted Combined Factor Score *Valuation, momentum and quality are factors Hartford Funds believes to be effective return drivers as determined by numerous academic research studies and in Hartford Funds own research. **Combined Factor Score represents a weighted Z Score for each company based on a mix of 50% value, 30% momentum, and 20% quality. Allocations may not sum to 100% due to cash and/or rounding. Capitalization weighted index is MSCI USA Index data. All holdings are as of September 30, Source: Hartford Funds. For illustrative purposes only. 5

6 ETF Execution Support Hartford Funds provides capital markets support to help ensure efficient trading in its ETFs. Please contact Ben Quah at or for further information. Important Disclosure An Investors should carefully consider a fund s investment objectives, risks, charges and expenses. This and other important information is contained in the fund s prospectus and summary prospectus (if available), which can be obtained by visiting hartfordfunds.com. Please read it carefully before investing. All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. Diversification does not eliminate the risk of experiencing investment losses. Due to the investment strategy of this Fund it may make higher capital gain distributions than other ETFs. Please read the Fund s prospectus for specific details regarding the Fund s risk profile. An investor cannot invest directly in an index. A fund or portfolio may differ significantly from the securities included in the index. Index performance assumes reinvestment of dividends but does not reflect any management fees, transaction costs or other expenses that would be incurred by a fund or portfolio, or brokerage commissions on transactions in fund shares. Such fees, expenses and commissions could reduce returns. Index performance does not reflect the performance of the Fund. Past performance is no guarantee of future results. Hartford Multifactor ETF Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Investors may acquire ETF Shares and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details. Total returns are calculated using the daily 4:00pm EST net asset value (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. Objective: seeks to provide investment results that, before fees and expenses, correspond to the total return performance of Hartford Risk Optimized Multifactor US Equity Index (Bloomberg Ticker: LLX), which tracks the performance of publicly traded large cap US equity securities. The Index seeks to improve risk and return potential relative to capitalizationweighted benchmarks such as the MSCI USA Index. Capitalization weighted refers to a portfolio whose components are weighted according to the total market value of their outstanding shares. The MSCI USA Index is a free float adjusted market capitalization index that is designed to measure the performance of the large and mid cap segments of the US market. The MSCI information may only be used for your internal use, may not be reproduced or re disseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an as is basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the MSCI Parties ) expressly disclaims all warranties (including, without limitation, any warranties or originality, accuracy, completeness, timeliness, non infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www. msci.com) Price to Earnings Ratio is a valuation metric defined as market price per share divided by annual earnings per share. The ratio represents equity securities within the Fund s portfolio, and is not intended to demonstrate Fund growth, income earned by the Fund, or distributions made by the Fund. Return on Equity is a measure of the net income after taxes that a firm is able to earn as a percent of stockholders equity. Debt to equity ratio is a measure of a company s financial leverage calculated by dividing its total liabilities by stockholders equity. Debt to Equity Ratio is a measure of a company s financial leverage calculated by dividing its total liabilities by stockholders equity. Z score is defined as a statistical measurement of a score s relationship to the mean in a group of scores. Lattice Strategies LLC (Lattice), a wholly owned subsidiary of Hartford Funds Management Company, LLC (HFMC), serves as the investment adviser to strategic beta exchange traded funds (ETFs). The ETFs are distributed by ALPS Distributors, Inc., which is not affiliated with Lattice or HFMC. Ben Quah is a registered representative of Hartford Funds Distributors, LLC. ETF1008_ LAT /27/18 6

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