ETF Research Center

Hartford Multifactor Emerging Markets ETF seeks to provide investment results that, before fees and expenses, correspond to the total return performance of Hartford Risk-Optimized Multifactor Emerging Markets Index, which tracks the performance of emerging market equity securities.

FUND BASICS
Category	Emerging Market Equities
Fund Sponsor	Hartford
Website	www.hartfordfunds.com
Inception date	Feb 26, 2015
Assets (mns)	$69
Currency	USD
Expense ratio	44 bp
Distributions	Semi-Annually

FUND STRUCTURE
Regulation	Open-End Investment Company
Custodian
Weighting	Proprietary
Index replication
Uses derivatives	No
Options available	No

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	335
Wgt avg mkt cap (mns)	$28,513
Large cap (>$10bn)	50.5%
Mid cap ($2-10bn)	35.7%
Small cap (<$2bn)	12.6%
Developed mkts	4.7%
Emerging mkts	95.3%

TOP TEN HOLDINGS
Total	10.6 %
SAMSUNG ELECTRONICS CO LTD	1.3 %
ANHUI CONCH CEMENT CO LTD-H	1.1 %
GREAT WALL MOTOR COMPANY-H	1.1 %
HYNIX SEMICONDUCTOR INC	1.1 %
OIL COMPANY LUKOIL PJSC SPONSORED	1.0 %
PING AN INSURANCE GROUP CO-H	1.0 %
TELEFONICA BRASIL SA PFD	1.0 %
ENERSIS SA	1.0 %
SINOPHARM GROUP CO-H	1.0 %
CNOOC LTD	1.0 %

TOP COUNTRY EXPOSURE
	CHINA	18.8 %
	TAIWAN	13.2 %
	SOUTH KOREA	11.6 %
	BRAZIL	7.7 %
	THAILAND	5.5 %
	HONG KONG	4.7 %
	INDONESIA	4.7 %
	MALAYSIA	4.1 %
	INDIA	3.6 %
	MEXICO	3.5 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru December 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
8.9%	8.9%	--	--	1.8%

Market Correlations
versus...	Beta	R-squared
S&P500	0.63	32%
MSCI EAFE	0.93	58%
MSCI Emg. Mkts.	0.85	84%

Technical Indicators
Recent close	$23.02
30d moving avg.	$23.18
Annualized volatility	13.4%
Short interest (ETF)	0.0%
Relative strength (RSI)	55

Liquidity measures
Avg. volume (thou.)	12
Turnover	0.4%
Bid/Ask (% of price)	0.25%
ADV underlying (mns)	$8,586

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Hartford Multifactor Emerging Markets ETF based on the alternatives' overlap in portfolio holdings with ROAM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

ROAM

Expense:

44 bp

ALTAR Score™:

10.8%

ALTERNATIVE ETFs BASED ON OVERLAP WITH ROAM
Ticker	Fund Name	Overlap¹ vs ROAM (%)	Expense ratio (bp)	Savings vs ROAM (bp)	ALTAR Score™ (%)	ALTAR vs ROAM (%)
JHEM	John Hancock Multifactor Emerging Markets	33.1	55	-11	8.3	-2.5
DVEM	WisdomTree Emerging Markets Dividend	32.7	32	12	10.7	-0.1
LVIN	Hartford Multifactor Low Volatility Int'l Equity	30.2	29	15	9.0	-1.8
PXH	Invesco FTSE-RAFI Emerging Markets	28.7	50	-6	11.8	+1.0
MFEM	PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity	27.7	49	-5	8.5	-2.3
EEMX	SPDR MSCI Emerging Markets Fossil Fuel Free	27.5	30	14	8.0	-2.8
FNDE	Schwab Fundamental Emg Mkt Large Cap	27.2	39	5	10.5	-0.3
DBEM	Xtrackers MSCI Emg. Mkts. Hedged	26.6	65	-21	7.9	-3.0
EMMF	WisdomTree Emerging Markets Multifactor Fund	26.4	48	-4	8.8	-2.0
PBEE	Invesco PureBeta FTSE Emerging Markets	26.0	14	30	8.6	-2.2
EEM	iShares MSCI Emerging Markets	25.9	67	-23	7.9	-3.0
GEM	Goldman Sachs ActiveBeta Emg Mkts Equity	25.7	45	-1	8.5	-2.3
EMXC	iShares MSCI Emerging Markets ex China	25.2	49	-5	8.1	-2.8
REEM	Invesco Emerging Markets Revenue ETF	25.2	46	-2	11.2	+0.4
QEMM	SPDR MSCI Emerging Markets Quality Mix	25.1	30	14	8.8	-2.0
EELV	Invesco S&P Emg Mkts Low Volatility	25.0	29	15	10.4	-0.5
IEMG	iShares Core MSCI Emerging Markets	24.8	14	30	8.2	-2.6
JPEM	JPMorgan Diversified Rtn Emg Mkt Equity	24.7	45	-1	8.5	-2.4
CEZ	Victory CEMP Emerging Market Volatility Weighted	24.3	50	-6	8.8	-2.1
KEMX	KraneShares MSCI Emerging Markets EX China Index	24.3	49	-5	8.2	-2.6

¹Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

	2014	2015	2016	2017	2018	2019E	2020E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est.	**%		Debt-to-equity	**x
Asset turnover	**%		Assets-to-equity	**x

Return on equity

Revision activity*

*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS

	2018	2019E	2020E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	Hartford Multifactor Emerging Markets
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	12.3	%
Divided by: Fwd. P/BV	1.1	x
Less: Expense ratio	44	bp
Equals: ALTAR Score	10.8	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.51	CATEGORY AVERAGE	1.48

The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale: BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3. Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.