|Expense Ratio||0.69% (Net 0.15%) (12/31/15)|
|Median Expense Ratio for Peer Group||0.51% (12/31/15)|
|Minimum for Initial Purchase||$500 / $200 IRA|
The expense ratio shows the percentage of fund assets deducted annually to cover operating costs. For some funds, the investment advisor has agreed voluntarily or contractually (for at least the current fiscal year) to waive or reimburse a portion of expenses. The net expense ratio is the expense ratio minus the portion of expenses waived or reimbursed. Please see the current prospectus for additional details. The peer ratio is according to Morningstar Direct, based on each fund’s Morningstar classification.
Investment and Account Minimums
- Individual Account
- Joint Account
- UGMA/UTMA Account
- Corporate Account
- Trust Account
- Roth IRA
- Traditional IRA
- Rollover IRA
Due to the relatively high cost of maintaining small accounts, Homestead Funds reserves the right to close your account if the value of the account falls below $500 ($200 for IRA and ESAs) as the result of redemptions or if you elect to participate in the automatic investment plan and stop making investments before the account reaches this minimum amount. Before closing your account, we will notify you in writing and give you 60 days to bring your account balance to at least the minimum.