Media

Munis stronger on the day amid Fed rate hike

“Mauricio Agudelo, head of fixed income investments at Homestead Advisers, noted the Fed is still playing catch up to runaway inflation.

‘We think inflation is still too high and they need to continue pressing forward with rate hikes and quantitative tightening,’ Agudelo said.

For the September meeting, the Fed will have the benefit of having multiple economic data points before deciding on the next move. The committee is taking a “wait and see” approach to the future path of monetary policy,’ Agudelo noted.”

Past performance does not guarantee future results. Debt securities are subject to interest rate risk, credit risk, extension risk, income risk, issuer risk and market risk.

Jessica Lerner – The Bond Buyer July 27, 2022

Profiled in Barron’s: Homestead Funds’ active value strategy

The fund and co-managers Prabha Carpenter and Jim Polk were recently profiled in Barron’s magazine where they discussed their approach to money management and their rationale for several of the fund’s holdings.

Past performance does not guarantee future results. Equity securities generally have greater price volatility than fixed-income securities and are subject to issuer risk and market risk. Value stocks are subject to the risk that returns on stocks within the style category will trail returns of stocks representing other styles or the market overall.

Lewis Braham – Barron’s February 9, 2022

Homestead Fund Makes “Category Kings” Ranking

Homestead’s Small-Company Stock Fund appeared in the “Category Kings” section of The Wall Street Journal for the period ending January 31, 2022.

Past performance does not guarantee future results. Equity securities generally have greater price volatility than fixed-income securities and are subject to issuer risk and market risk. Securities of small and medium-sized companies tend to be riskier than those of larger companies.

The Wall Street Journal February 7, 2022

Municipal yields continue rising even before Fed statement

Expect continued market volatility, said Mauricio Agudelo, head of fixed income investments at Homestead Funds. Balance sheet reduction is “complicated” he said.

Gary Siegel, Jessica Lerner and Lynne Funk – The Bond Buyer January 26, 2022

Fed’s inflation policy walks ‘tightrope’ between 2 constituencies

“We think the market [has] gotten ahead of itself both from a valuation standpoint and from a speculative standpoint,” Jim Polk, head of equity investments at Homestead Funds, wrote in a note to clients.

Javier David – Yahoo Finance January 27, 2022

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Leslie Kramer

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