HLAL ISSUER
The Hartford Longevity Annuity ETF (HLAL) is managed by Hartford Funds Management Company, LLC, a prominent name in the financial industry. Hartford Funds has a strong track record of providing innovative investment solutions to help investors achieve their financial goals. The ETF focuses on the longevity annuity sector, offering exposure to companies involved in providing insurance products designed to protect individuals against outliving their retirement savings. HLAL reflects Hartford Funds' commitment to delivering investment options that address the evolving needs of investors in an ever-changing financial landscape.
HLAL DIVIDEND
The Hartford Longevity Annuity ETF (HLAL) primarily focuses on providing investors with exposure to a unique investment strategy related to longevity annuities, and its dividend distribution reflects this specialized approach. HLAL's dividend distribution is influenced by the performance of the underlying index, which is constructed and maintained by S&P Dow Jones Indices LLC. This index is designed to measure the performance of U.S. companies in the longevity annuity industry. HLAL typically distributes dividends on a quarterly basis, and the eligibility for these dividends is determined by the constituent companies' individual performance within the index. As HLAL focuses on a specialized sector, investors should consider it for potential dividend income alongside its distinct investment objective.
HLAL TRACKING
HLAL, the Hartford Longevity Annuity ETF, tracks an index constructed and maintained by S&P Dow Jones Indices LLC. The index is designed to measure the stock performance of U.S. companies in the basic materials industry. Component companies within this industry group are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal. HLAL aims to achieve daily returns consistent with its investment objective by investing in financial instruments and money market instruments, as well as using derivatives, such as swap agreements, to seek returns that are inverse (-1x) to the returns of the index. ProShare Advisors employs a mathematical approach to determine the type and mix of investment positions to achieve its daily investment objective. It's important to note that HLAL seeks investment results for a single day only and employs daily rebalancing to maintain its portfolio's exposure to the index. The compounding of daily returns over time can result in performance that differs from the inverse (-1x) of the index's return for longer periods.
HLAL CORRELATION
While specific correlation details for the HLAL ETF are not provided here, understanding correlations is essential for investors to assess how the fund behaves in relation to various market segments. Investors seeking in-depth correlation analysis for HLAL and other U.S. ETFs can leverage the powerful tools offered by ETF Insider. With its user-friendly web app, ETF Insider provides comprehensive data and visualization tools to explore correlations, helping investors make informed decisions and identify potential overlaps in their investment portfolios.
HLAL SECTOR
The Wahed FTSE USA Shariah ETF (HLAL) primarily invests in the U.S. stock market while adhering to Islamic finance principles. This sector comprises a diverse range of industries, including technology, healthcare, consumer discretionary, and financials, among others. By following Shariah-compliant guidelines, HLAL excludes companies involved in activities such as alcohol, gambling, and interest-based financial services, offering investors an ethical approach to investing in the U.S. market. This focus on socially responsible investing makes HLAL an attractive choice for those seeking alignment with their values within the U.S. stock sector.
HLAL EXPOSURE
The exposure characteristics of the Wahed FTSE USA Shariah ETF (HLAL) revolve around its adherence to Shariah principles in its investment strategy. HLAL is designed to track the performance of the FTSE USA Shariah Index, which consists of U.S. companies that comply with Islamic ethical and financial principles. This ETF offers exposure to the U.S. equity market while adhering to Shariah-compliant investment guidelines, making it an appealing option for investors seeking to align their investments with their faith.