Hartford US Value ETF
VMAX
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
- Dec 6, 2023
- CIK
- 0001452937
- Website
- hartfordfunds.com
- Similar Companies
- Business
- Hartford US Value ETF (VMAX) is an exchange-traded fund that seeks to provide investment results corresponding, before fees and expenses, to the total return performance of the Hartford US Value Index (LVMAXX), which tracks exchange-traded U.S. large-cap equity securities exhibiting favorable value characteristics and relatively lower market valuations compared to the Russell 1000 Index. The ETF emphasizes U.S. equities selected through a rules-based, proprietary methodology that optimizes for value factors while incorporating quality, growth, momentum considerations, and risk controls for sector and size diversification; it holds approximately 137 nominal companies, with top holdings including Alphabet Inc., NRG Energy Inc., Citigroup Inc., CVS Health Corp., and UnitedHealth Group Inc., resulting in characteristics such as a price/earnings ratio of 14.2x, price/book of 2.4x, return on equity of 28.3%, and a 42% turnover rate. Shares trade on the Cboe BZX Exchange under the ticker VMAX (CUSIP: 518416847), with quarterly distributions including $0.2508 per share in September 2025, $0.2644 in June 2025, $0.2510 in March 2025, and $0.2350 in December 2024. Issued by Lattice Strategies Trust and managed by Hartford Funds, a subsidiary of The Hartford Financial Services Group, Inc. founded in 1996 and headquartered in Wayne, Pennsylvania, the ETF launched on December 5, 2023, as part of Hartford Funds' expansion of its systematic ETF suite. VMAX targets institutional and retail investors seeking efficient value factor exposure in the U.S. large-cap equity segment, with operations focused exclusively on U.S. markets and an asset-weighted market capitalization emphasizing companies greater than $100 billion alongside mid-tier firms. In March 2024, Hartford Funds announced its ETF business had surpassed $5 billion in assets under management, bolstered by the prior year's launches including VMAX alongside the Hartford Multifactor International Small Company ETF (ROIS) and Hartford US Quality Growth ETF (HQGO).