Hartford Multifactor REIT ETF
RORE
New York Stock Exchange Arca- -
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
FRC
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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
- IPO Date
- Oct 3, 2016
- CIK
- 0001605803
- Similar Companies
- Business
- Hartford Multifactor REIT ETF (RORE) is an exchange-traded fund that seeks to track the investment results, before fees and expenses, of the Hartford Risk-Optimized Multifactor REIT Index, which targets equity securities of U.S. real estate investment trusts (REITs) exhibiting favorable combinations of quality, momentum, and value factors across multiple property types; the fund generally invests at least 80% of its assets in securities of the index and depositary receipts representing such securities. It provides exposure to the U.S. REIT universe with a risk-optimized, multifactor approach designed to capture income and growth potential while aiming to reduce volatility through diversification constraints at company, size, sector, and other levels. The ETF operates within the real estate segment of the asset management industry, targeting investors seeking systematic exposure to REITs beyond traditional market-cap weighting. RORE was launched in 2016 as part of Hartford Funds' systematic ETF platform following the acquisition of Lattice Strategies, with Lattice Strategies LLC serving as investment adviser and Mellon Investments as sub-adviser under Hartford Funds' oversight. Headquartered in Wayne, Pennsylvania, Hartford Funds manages the ETF from its U.S.-based operations spanning key financial centers. The fund trades on NYSE Arca and maintains a focus on non-diversified holdings concentrated in U.S. REIT equities. In a significant recent development, Hartford Funds announced the closure and liquidation of RORE, originally planned for August 2020 but reflected in ongoing low assets under management of approximately $3.07 million as of late 2025; however, the ticker remains listed on exchanges with recent trading quotes around $12.26 per share, a 52-week range of $8.91 to $17.42, and a dividend yield near 6.7%. No major partnerships, new product launches, or acquisitions specific to RORE have been reported in the last 1-2 years, though Hartford Funds has pursued broader ETF lineup reviews, including liquidations of related multifactor products like RODE and ROIS in mid-2025, while expanding active fixed income and other strategies. This operational wind-down aligns with Hartford's periodic portfolio rationalization to better serve investor needs amid subdued assets and trading volume averaging under 1,000 shares daily.