Growth Fund
Stock Funds
Is This Fund a Good Choice for Me?
The Growth Fund may be appropriate if your goal is to grow your savings over the next several years by investing in U.S. companies that are expected to have above-average growth rates. You’re also comfortable with temporary — yet sometimes dramatic — fluctuations in your account balance based on the performance of the underlying stocks.
Investment Objective and Strategy
The fund seeks to provide long-term capital appreciation through investments in common stocks of growth companies. T. Rowe Price, the fund’s subadvisor, looks for companies expected to have an above-average rate of earnings and cash flow growth and a lucrative niche in the economy that gives them the ability to sustain earnings momentum even during times of slow economic growth. The fund normally invests at least 80% of net assets (including any borrowings for investment purposes) in the common stocks of large companies.
Inception | January 22, 2001 |
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Asset Allocation | Stock |
Benchmark | Russell 1000 Growth Index |
Ticker Symbol | HNASX |
CUSIP Number | 437769706 |
Morningstar
Category: Large Growth
Overall, out of 1,197 funds, according to risk adjusted return
Lipper
Classification: Large-Cap Growth Funds
total return
Overall, out of 610 funds, according to historical total return
preservation
Overall, out of 12,184 funds, according to historical loss avoidance
Fee Structure | No Load |
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Expense Ratio | 0.93% (Net 0.93%) (12/31/2019) |
Median Expense Ratio for Peer Group | 1.10% (12/31/2019) |
Transaction Fees | NONE |
T. Rowe Price Associates
T. Rowe Price Associates is not affiliated with Homestead Funds, RE Advisers Corporation, RE Investment Corporation or NRECA.
Equity securities generally have greater price volatility than fixed-income securities and are subject to issuer risk and market risk. Growth 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.