Hartford Multifactor Diversified International ETF
RODE
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Hartford Plaza Hartford CT United States of America 6155
- IPO Date
- May 11, 2017
- CIK
- 0001605803
- Similar Companies
- Business
- Hartford Multifactor Diversified International ETF (RODE) is an exchange-traded fund that seeks to provide investment results, before fees and expenses, corresponding to the total return performance of the Hartford Multifactor Diversified International Index (LRODEX). The Index employs a rules-based, multi-layered risk-controlled methodology to enhance return potential from a capitalization-weighted universe of developed and emerging market companies outside the U.S., targeting reductions in volatility by up to 15% over a complete market cycle; it selects 300-400 components exhibiting attractive risk premia such as quality, momentum, and value, while managing liquidity and volatility risks, with semi-annual reconstitution and rebalance in March and September. RODE invests at least 80% of its assets in Index components and depositary receipts including American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and European Depositary Receipts (EDRs), with the remainder potentially in derivatives, cash equivalents, or other securities to facilitate Index tracking; the fund is passively managed, exhibits a portfolio turnover of 54% as of the fiscal year ended September 30, 2024, and maintains an expense ratio of 0.29%. Managed by Lattice Strategies LLC as investment adviser and sub-advised by Mellon Investments Corporation since 2020, with a portfolio management team led by Marlene Walker Smith and including Todd Frysinger, David France, Michael Stoll, and Vlasta Sheremeta, RODE was incepted on May 10, 2017, and trades on the Cboe BZX exchange. The fund targets institutional and retail investors seeking diversified exposure to non-U.S. equities across large-cap (approximately 69%), mid-cap (29%), and small-cap (1%) segments in developed and emerging markets outside the U.S., with geographic focus on Europe, Asia, and other regions per underlying holdings; it is part of Hartford Funds' systematic ETF suite, acquired via Hartford Funds' 2016 purchase of Lattice Strategies LLC, and distributed by ALPS Distributors, Inc., with Hartford Funds headquartered in Wayne, Pennsylvania. In a significant recent development, Hartford Funds announced on May 14, 2025, the closure and liquidation of RODE, alongside Hartford Multifactor International Small Company ETF (ROIS), Hartford Schroders Commodity Strategy ETF (HCOM), and Hartford Longevity Economy ETF (HLGE), with no further Creation Unit purchases accepted after June 23, 2025, reflecting ongoing portfolio rationalization. This follows Hartford Funds' broader ETF expansions, including the December 17, 2025, launch of the Hartford Enhanced Multifactor International ETF (HEMI) featuring an options overlay strategy sub-advised by Wellington Management, and fixed income ETF inflows exceeding $760 million year-to-date as of October 31, 2024, led by products like Hartford Total Return Bond ETF (HTRB). No recent acquisitions, funding rounds, or partnerships specific to RODE were identified within the last 1-2 years.