Daily Income Fund

Money Market Fund

Investment Objective and Strategy

Is This Fund a Good Choice for Me?
The Daily Income Fund may be appropriate if you plan to withdraw your money in the near term and want to earn a modest stream of interest on your savings.

Investment Objective and Strategy
The fund seeks maximum current income, consistent with preservation of capital and liquidity, by investing in high-quality money market securities. These investments include: debt securities backed by the full faith and credit of the United States (e.g., U.S. Treasury bills) or by the credit of a federal agency or government-sponsored entity (e.g., Fannie Mae and Freddie Mac mortgage-backed bonds). The U.S. government securities in which the fund invests may also include variable and floating rate instruments.

Fund Profile
Inception November 19, 1990
Asset Allocation Money Market
Ticker Symbol HDIXX
CUSIP Number 437769102
Industry Classifications


Category: Money Market — Taxable


Classification: U.S. Government Money Market

Fee Structure No Load
Expense Ratio 0.78% (Net 0.37%) (12/31/2020)
Median Expense Ratio for Peer Group 0.35% (12/31/2020)
Transaction Fees NONE
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The expense ratio shows the percentage of fund assets deducted annually to cover operating costs. Fund expense ratios shown here do not include acquired fund fees and expenses. If applicable, these additional costs are disclosed in the prospectus. 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.

Portfolio Management

Invesco Advisers, Inc.

Invesco Advisers, Inc. is not affiliated with Homestead Funds, RE Advisers Corporation, RE Investment Corporation or NRECA.

As a money market fund, the Daily Income Fund has limited potential for income production. You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. 

Debt securities are subject to interest rate risk, credit risk, income risk, issuer risk and market risk. The value of U.S. Government securities can decrease due to changes in interest rates or changes to the financial condition or credit rating of the U.S. Government.

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