Fund DescriptionsDaily Income Fund
"I manage this Fund to keep a stable price of $1.00 per share and to generate a competitive level of current income,” portfolio manager John Szczur says.
Mr. Szczur invests Fund assets in short-term debt securities that will mature in about a year or less. “These are instruments with high credit ratings, including short-term securities issued by U.S. Government agencies and high-quality commercial paper issued by corporations,” he explains.
This Fund carries the lowest risk of all the Homestead Funds and is suitable for conservative investors. The Fund’s share price is expected — although not guaranteed — to remain constant at $1.00. However, the level of dividend income earned will fluctuate with changes in short-term interest rates.
Performance
The tables below show the Fund's average annual and year-to-date total returns for various holding periods and the Fund's current yield. The bar chart shows the Fund's annual return in each of the last 10 years or for each year since the Fund's inception. This indicates how widely performance has varied year-by-year.
|
DAILY INCOME Fund
Average Annual Total Returns
|
|
as of quarter end 12/31/11
|
 see month end returns |
 |
1
year |
3
year |
5
year |
10
year |
Since the
fund opened |
| Daily Income Fund |
0.01% |
0.11% |
1.40% |
1.62% |
3.13%
(Nov-90) |
|
|
DAILY INCOME Fund
YEAR-TO-DATE TOTAL RETURNS
|
| as of quarter end 12/31/11 |
see month end returns |
| Daily Income Fund |
0.01% |
|
|
DAILY INCOME FUND
YEAR-TO-DATE TOTAL RETURNS
|
| as of month end 01/31/12 |
see quarter end returns |
| Daily Income Fund |
0.00% |
|
|
Annualized seven-day effective yield on 02/01/12
|
|
| 0.01% |
|
|
Daily Income Fund
Historical Annual Total Returns
|
|
|
Portfolio Composition
The following table shows how the Daily Income Fund is diversified and what its top holdings are.
|
Daily Income Fund
Security Diversification
|
|
|
On 12/31/11
|
|
Commercial paper
|
67.9%
|
|
|
U.S. Government obligations
|
18.2%
|
|
|
Corporate Bonds
|
4.2%
|
|
|
Short-term and other assets
|
9.7%
|
|
|
| Total |
100%
|
|
|
|
AVERAGE WEIGHTED MATURITY on 02/01/12
|
|
| 50 days |
|
|
Fund assets on 12/31/11
|
|
| $195,173,000 |
|
Distributions
If this Fund has declared income or capital gains distributions in the current year, they will be listed in the table below. See Track Earnings Distributions for the Fund's distribution schedule. Distributions for the prior calendar year are also shown below.
Daily Income Fund
2012 Earnings Distributions
| Distribution Type |
Declaration Date |
$/Per Share |
| Ordinary Income |
01/31/12 |
$0.0000* |
|
|
|
|
|
* Less than $0.0001 per share.
Effective August 14, 2009, RE Advisers has voluntarily agreed to waive fees or reimburse expenses to the extent necessary to assist the Fund in attempting to maintain a positive yield. There is no guarantee that the Daily Income Fund will maintain a positive yield. RE Advisers may revise, renew or discontinue this voluntary waiver at any time. See the prospectus for more information.
Share Price History
This table shows how widely the Fund’s share price has fluctuated over time.
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