Fund DescriptionsStock Index Fund
BlackRock Fund Advisors (formerly Barclays Global Fund Advisors) acts as the investment advisor to the S&P 500 Stock Master Portfolio, in which the Homestead Stock Index Fund invests all of its investable assets. The Fund is designed to track the Standard & Poor's 500 Stock Index, which tracks 500 large U.S. companies and is possibly the most widely used index of the U.S. stock market.
Performance
The tables below show the Fund’s average annual and year-to-date total returns for various holding periods compared to its benchmark index. An index is a collection of securities intended to represent some slice of the total securities market.
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.
|
stock index Fund
Average Annual Total Returns
|
| as of month end 01/31/12 |
see quarter end returns |
 |
1
year |
3
year |
5
year |
10
year |
Since the
fund opened |
| Stock Index Fund |
3.67% |
18.62% |
-0.23% |
2.87% |
1.01%
(Oct-99)
|
| Standard & Poor’s 500 Stock Index |
TBA
|
TBA
|
TBA |
TBA |
TBA |
 |
|
Stock Index Fund
Year-to-date Total Returns
|
| as of quarter end 12/31/11 |
see month end returns |
| Stock Index Fund |
1.65% |
| Standard & Poor’s 500 Stock Index |
2.11% |
 |
|
Stock Index Fund
Year-to-date Total Returns
|
| as of month end 01/31/12 |
see quarter end returns |
| Stock Index Fund |
4.40% |
| Standard & Poor’s 500 Stock Index |
TBA |
 |
|
Stock Index Fund
Historical Annual Total Returns

|
|
|
Portfolio Composition
The following tables show how the Stock Index Fund is diversified and what its top holdings are.
|
Stock Index Fund
Industry Diversification
|
|
 |
On 09/30/11
|
| Information technology |
19.4%
|
 |
| Financials |
13.4%
|
 |
| Health care |
12.0%
|
 |
| Consumer discretionary |
11.6%
|
 |
| Energy |
11.5%
|
 |
| Consumer staples |
10.8%
|
 |
| Industrials |
10.2%
|
 |
| Utilities |
4.0%
|
 |
| Materials |
3.4%
|
 |
| Telecommunication services |
3.3%
|
 |
| Short-term and other assets |
0.4%
|
 |
| Total |
100%
|
 |
|
|
Stock Index Fund
Top Ten Holdings
|
|
 |
% of Total Investment
at 09/30/11
|
 |
| Apple Inc. |
3.4%
|
 |
| Exxon Mobil Corp. |
3.4%
|
 |
| International Business Machines Corp. |
2.0%
|
 |
| Microsoft Corp. |
1.8%
|
 |
| Chevron Corp. |
1.8%
|
 |
| Johnson & Johnson |
1.7%
|
 |
| The Proctor & Gamble Co. |
1.7%
|
 |
| AT&T, Inc. |
1.6%
|
 |
| General Electric Co. |
1.6%
|
 |
| Pfizer, Inc. |
1.3%
|
 |
| Total |
20.3%
|
 |
|
|
Fund assets on 12/31/11
|
 |
| $61,844,000 |
 |
Comparison of Growth
This line graph is a comparison of the change in value of a $10,000 investment in the Fund and the Standard & Poor’s 500 Stock Index.
|
Stock Index Fund
Growth of $10,000

|
 |
|
|
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.
|
Stock Index Fund
2012 Earnings Distributions
|
|
| Distribution Type |
Declaration Date |
$/Per Share |
| N/A |
N/A |
N/A |
 |
 |
|
|
Stock Index Fund
2011 Earnings Distributions
|
|
| Distribution Type |
Declaration Date |
$/Per Share |
| Ordinary Income |
12/31/11 |
$0.1432 |
 |
 |
|
Share Price History
This table shows how widely the Fund’s share price has fluctuated over time.