Hartford AAA CLO ETF (TRPA)
Hartford AAA CLO ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Hartford, CT, US. The stock last traded at $38.91, up 0.01% on the session, giving a market capitalisation of $110.9M. Its beta of 0.08 implies it has historically moved less than the broad market.
TRPA aims for capital preservation and current income by investing in top-tier collateralized loan obligations (CLOs). These notes can vary in maturity and may be structured within or outside the US. Typically, these securities come with floating rates and AAA ratings, although up to 20% of its portfolio may be of slightly lower credit quality, with ratings no lower than A- included. Additionally, investments may include US Treasury bills, notes, and bonds. Before February 12, 2024, the fund was named Hartford Short Duration ETF, resulting in changes to its objective, strategy, and management. As an actively managed fund, the managers have full discretion to make investment decisions at any time. Prior to April 15, 2025, the fund traded under the ticker HSRT.
Hartford AAA CLO ETF is most often compared with the following Financial Services names: