Fees & Expenses
Homestead Funds are offered at no-load. That means the full amount you invest goes to work for you and none is spent on sales commissions, assuming you buy shares directly from Homestead Funds.
Load or sales charge:
None when you purchase shares directly from Homestead Funds.
Cover the cost of running the fund and include investment management, accounting, legal and compliance services, record keeping and statement production. All mutual funds incur expenses. Homestead Funds expenses are in line with or below their peer group average, as determined by Morningstar for the period ending December 31, 2015.
Fund Fees and Operating Expenses as of 12/31/2015
|Transaction Fees||Gross Expense Ratio||Net Expense Ratio||Median Expense Ratio for Peer Group*|
|Short-Term Gov. Securities||None||0.77%||NA||0.89%|
A $15 annual custodial fee (for IRA and ESA accounts only). The fee is charged by the custodian and covers the extra costs they incur for maintaining Individual Retirement and Education Savings Accounts. The fee is deducted automatically from your account in the fourth quarter or at the time your account is closed. A fee is assessed for each type of fiduciary account registered to the same Social Security Number — not by fund. For example, if you have a Traditional IRA and a Roth IRA, you would pay $30 in annual custodial account fees, regardless of the number of funds you own in each account.
Investment & Account Minimums
Homestead Funds keeps its investment minimums low, so almost everyone can afford to invest. You can open an Individual Retirement or Education Savings Account with as little as $200 and a regular, taxable account for $500. There’s no minimum if you open an account and establish a program of scheduled investments sent directly from your bank account or paycheck.
The minimum to open a taxable account is $500.
- Individual Account
- Joint Account
- UGMA/UTMA Account
- Corporate Account
- Trust Account
Individual Retirement Accounts:
The minimum to open an IRA is $200.
- Roth IRA
- Traditional IRA
- Rollover IRA
Education Savings Accounts:
The minimum to open an Education Savings Account is $200.