Thousands of mutual funds are available to investors, but not all mutual fund companies welcome investors on a budget. Homestead Funds makes investing affordable for almost everyone by setting low initial investment minimums ($500 for a regular account and $200 for an IRA or Education Savings Account). We waive the minimums entirely if you establish a program of automatic investments made from your bank account or paycheck. And you can add to your account with any amount you choose.
As you search for a mutual fund to fit your budget, make sure to get answers to these questions:
- Is there a sales commission (often called a “load”) that’s deducted from your investment — either when you buy shares or redeem them?
- What is the minimum amount needed to open an account?
- Does the mutual fund require a minimum amount for subsequent investments?
- What are the fund’s operating costs (expense ratio)?
Homestead Funds are offered at no-load, meaning no sales charge is deducted from your investment.