Hartford AAA CLO ETF
TRPA
Chicago Board Options Exchange38.95
USD
-0.04
(+0.18%)
ISIN
US41653L6020
CUSIP
41653L602
Return %
Stock
S&P500
1Y
-0.59
19.01
3Y
2.77
65.49
5Y
-5.64
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Suren Ajjarapu
- Full Time Employees
- 43
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Hartford Plaza Hartford CT United States of America 6155
- IPO Date
- May 31, 2018
- Website
- trxade.com
- Similar Companies
- Business
- Hartford AAA CLO ETF (TRPA) is an actively managed exchange-traded fund that seeks capital preservation and current income by investing at least 80% of its net assets in USD-denominated, floating-rate collateralized loan obligations rated AAA; the fund holds a diversified portfolio of approximately 128 such high-quality CLO tranches from issuers including Ares CLO Ltd., Benefit Street Partners CLO Ltd., KKR CLO Ltd., Kings Park CLO Ltd., and others, with an effective duration of 0.17 years, a 30-day SEC yield of 5.24%, monthly dividend distributions, and a net expense ratio of 0.24%; sub-advised by Wellington Management, it operates within the securitized bond-focused category, primarily targeting institutional and retail fixed-income investors seeking low volatility and attractive yields from asset-backed securities collateralized by broadly syndicated loans. Launched on May 30, 2018, and headquartered at 690 Lee Road, Wayne, Pennsylvania, as part of the Hartford Funds Exchange-Traded Trust distributed by ALPS Distributors, Inc., the fund manages approximately $107 million in assets with 99% allocation to asset-backed securities, including 88% in Aaa/AAA-rated holdings and minimal exposure to cash equivalents; it trades on the Cboe BZX Exchange under ticker TRPA with CUSIP 41653L602. In a significant recent reorganization effective April 15, 2025, the fund changed its name from Hartford Short Duration ETF (formerly HSRT) and adopted its current focus on AAA CLOs, aligning with portfolio manager transitions to Cory Perry and Alyssa Irving in February 2024; amid broader market dynamics including over $1 billion in CLO ETF outflows in late 2025 due to isolated bankruptcies and the launch of competing products like Reoner Capital's RCLO and AAM's CLOC, TRPA maintains robust reunderwriting standards and benefits from active ETF growth enhancing CLO market liquidity.