At a glance
RODE charges 0.29% a year, above the 0.19% average of the 4 funds most like it (the 3rd cheapest of 5). It has $18.8M in assets, the 5th largest of that group. Over the past year it returned +0.0% with distributions reinvested (S&P 500: +11.5%), the weakest of those 5 funds; over three years it returned +12.5% a year. At its worst it fell 34.4% in the 2020 crash (S&P 500: 33.7%) and 25.6% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 9 months and 15 months after the lows. Its ten largest positions make up 9.8% of the fund, out of 325 in all.
The short version
Hartford Multifactor Diversified International ETF (RODE) tracks the Hartford Multifactor Diversified International Index, which picks stocks from developed and emerging markets outside the US. The index favors companies with quality, momentum and value traits and aims for up to 15% less volatility than a size-weighted market. Drawbacks: its 0.29% yearly fee (expense ratio) tops the 0.19% average of similar funds, and it had just $18.8 million in assets as of March 31, 2025.
Price history
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RODE 0.0% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| RODE price data to Oct 27, 2026 | 0.0% | 0.0% | +12.5% | +5.5% | — | +5.8% |
- Over the year to Oct 27, 2026, RODE returned 0.0%, 5th of 5 among similar funds.
- Its 5-year annualized return was +5.5%.
- In the 2020 COVID crash it fell 34.4% and regained its old high 8.8 months after the low.
- Its worst full calendar year was 2022 (-12.6%); its best was 2023 (+17.4%).
- The deepest fall in its price history was 36.7% (Jan 17, 2020 to Mar 23, 2020), recovered by Jan 5, 2021.
Show as a table
| Year | Price data |
|---|---|
| 2025 | +15.4% |
| 2024 | +7.9% |
| 2023 | +17.4% |
| 2022 | -12.6% |
| 2021 | +13.0% |
| 2020 | -0.6% |
| 2019 | +16.3% |
| 2018 | -10.5% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 34.4% over that stretch · deepest drop along the way 34.4%, back to its old high 8.8 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 23.7% over that stretch · deepest drop along the way 25.6%, back to its old high 14.9 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $4.0100 | +186.4% |
| 2024 | $1.4000 | +1.4% |
| 2023 | $1.3800 | +56.8% |
| 2022 | $0.8800 | -47.0% |
| 2021 | $1.6600 | +100.0% |
| 2020 | $0.8300 | +13.7% |
| 2019 | $0.7300 | +4.3% |
| 2018 | $0.7000 |
What's inside
As of Mar 31, 2025, the fund held 325 securities; the ten largest made up 9.76% of assets.
| Holding | Weight | |
|---|---|---|
| Koninklijke Ahold Delhaize NV | 1.02% | |
| HSBC Holdings PLC | 1.01% | |
| China Construction Bank Corp | 1.00% | |
| Agricultural Bank of China Ltd | 1.00% | |
| Industrial & Commercial Bank of China Ltd | 0.97% | |
| Novartis AG | 0.96% | |
| Nokia Oyj | 0.96% | |
| Equinor ASA | 0.95% | |
| AP Moller - Maersk A/S | 0.94% | |
| Sanofi SA | 0.94% | |
| Roche Holding AG | 0.93% | |
| BOC Hong Kong Holdings Ltd | 0.91% | |
| Fairfax Financial Holdings Ltd | 0.89% | |
| GSK PLC | 0.86% | |
| Bank of Montreal | 0.86% |
By country
Japan 11.88%China 8.16%Taiwan 6.99%Australia 6.1%Canada 5.43%By asset type
Stocks 97.81%Preferred stock 1.19%What changed recently
- Over the three months to Mar 31, 2025, investors added a net $10K (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +2.44%, +1.56%, +1.16%.
How it works
RODE tries to match the Hartford Multifactor Diversified International Index (LRODEX) and doesn't shift to cash when markets fall. Lattice Strategies LLC, the fund's adviser, built the index and sets its holdings and weights; Solactive AG calculates it. The pool spans developed markets outside the US and emerging markets. Each stock must rank within the top 85% of its country's free-float market value (shares available for public trading) and average at least $1 million in daily trading.
The rules favor companies with quality (sound finances), momentum (recent winners) and value (shares that look cheap) traits, while limiting volatility (price swings) and single-company concentration. The aim is up to 15% less volatility than the same universe weighted by company size, over a full market cycle. The index usually holds 300 to 400 stocks and is reconstituted (stocks added or dropped) and rebalanced (weights reset) each March and September.
The fund keeps at least 80% of assets in index stocks or depositary receipts (certificates representing foreign shares); the rest can be cash, derivatives or other securities. As of March 31, 2025, it held 325 stocks, none above about 1%; Koninklijke Ahold Delhaize, HSBC and China Construction Bank led, and the top 10 totaled 9.76%. Turnover, the share of holdings traded in a year, was 54%, per its January 2025 prospectus.
What it really costs
- RODE charges 0.29% a year, versus an average of 0.19% for the similar funds below (3rd of 5, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $30 in the first year and $368 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| RODE | $30 | $93 | $163 | $368 |
In a retirement portfolio
As of March 31, 2025, it held 325 stocks across developed and emerging markets outside the US, which can broaden a portfolio centered on US shares.
Its index aims to curb volatility, but RODE still fell hard in downturns. Its deepest drop was 36.7%, from January 17 to March 23, 2020; it then took 9.5 months to recover. In 2022 it fell 25.6%, and recovery took 14.9 months from the September low; 2022 was also its worst calendar year, down 12.6%. Launched in 2017, it has no 2008 record. Shares cashed out for spending during those slumps went at depressed prices.
It made no distributions in the year to October 27, 2026. Its 0.29% expense ratio ($30 over the first year on $10,000, in the SEC's standard example) tops the 0.19% average of similar funds. Net assets were $18.8 million as of March 31, 2025, and small funds are likelier to close, forcing holders out. Past results don't predict the future; a plan should weigh the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors seeking developed and emerging markets outside the US in one fund; Japan, China and Taiwan were its largest countries as of March 31, 2025.
- Those who want a rules-based tilt toward quality, momentum and value stocks, plus an index goal of up to 15% lower volatility than size-weighted markets.
- Investors wary of big single-stock bets: no holding topped about 1%, and the top 10 made up 9.76% as of March 31, 2025.
Look elsewhere if
- Cost-focused investors: its 0.29% expense ratio is well above IDEV's 0.04% and SCHF's 0.06%, both far larger funds.
- Income seekers: the fund made no distributions in the year to October 27, 2026.
- Anyone who may need to cash out in a slump: despite its low-volatility aim, it fell 36.7% in early 2020 and 25.6% in 2022.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| RODE this fund | — | 0.29% | $18.8M | 0.0% | +12.5% |
| SCHF Schwab International Equity ETF | 22% | 0.06% | $69.68B | +17.7% | +20.4% |
| EFV iShares MSCI EAFE Value ETF | 22% | 0.33% | $29.11B | +21.9% | +23.3% |
| EFA iShares MSCI EAFE ETF | 21% | 0.32% | $77.98B | +13.5% | +18.2% |
| IDEV iShares Core MSCI International Developed M… | 21% | 0.04% | $31.64B | +14.6% | +19.2% |
Questions investors ask
What does RODE ETF invest in?
RODE invests in stocks from developed and emerging markets outside the US, chosen by the Hartford Multifactor Diversified International Index. As of March 31, 2025, it held 325 stocks. Japan was the largest country weight at 11.88%, followed by China at 8.16% and Taiwan at 6.99%. The largest holdings, each about 1% of assets, were Koninklijke Ahold Delhaize, HSBC, China Construction Bank, Agricultural Bank of China and Industrial & Commercial Bank of China.
Does RODE pay dividends?
Not in the year to October 27, 2026: the fund made no distributions over that period, so its trailing yield, which compares the past year's payouts with the share price, was 0% as of that date. That is unusual for a stock fund, so it is worth checking the latest distribution history at hartfordfunds.com before counting on RODE for income.
RODE vs SCHF: what's the difference?
RODE is a small, higher-cost multifactor fund; SCHF is a much larger, cheaper international fund. RODE's index favors quality, momentum and value stocks, aims to curb volatility and includes emerging markets. RODE charges 0.29% a year versus 0.06% for SCHF. SCHF had about $69.7 billion in net assets as of August 31, 2026, against $18.8 million for RODE as of March 31, 2025. Their holdings overlapped by about 22%, so they are far from identical.
What is RODE's expense ratio?
RODE's expense ratio, the yearly fee taken from fund assets, is 0.29%, according to its prospectus filed in January 2025. In the SEC's standard example, $10,000 invested with a 5% annual return would cost about $30 over one year, $93 over three, $163 over five and $368 over ten. That is above the 0.19% average for similar funds. IDEV (0.04%) and SCHF (0.06%) cost less, while EFA (0.32%) and EFV (0.33%) cost slightly more.
What are RODE's annual returns?
RODE returned 16.31% in 2019, -0.59% in 2020, 12.96% in 2021, -12.56% in 2022, 17.4% in 2023 and 7.86% in 2024, based on share prices. The 2020 figure hides a steep swing: its prospectus filed in January 2025 shows a 26.26% loss in the quarter ended March 31, 2020, and a 14.85% gain in the quarter ended December 31, 2020. Its index was established on June 28, 2019, partway through the first year shown. Past returns don't predict future results.