Stock Index Fund
Stock Funds
- Overview
- Performance & Prices
- Composition
- Distributions
- Documents
Is This Fund a Good Choice for Me?
The Stock Index Fund may be appropriate if your goal is to grow your savings over the next several years by investing in large, well-known U.S. companies while closely tracking the performance of the overall U.S. stock market. 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 match, as closely as possible, before expenses, the performance of the Standard & Poor’s 500 Stock Index, which emphasizes stocks of large U.S. companies. The fund is a feeder fund, meaning it invests its assets in the S&P 500 Index Master Portfolio, a separate series of an unaffiliated trust called the Master Investment Portfolio.
Inception | October 28, 1999 |
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Asset Allocation | Stock |
Benchmark | S&P 500 Stock Index |
Ticker Symbol | HSTIX |
CUSIP Number | 437769607 |
Morningstar
Category: Large Blend
Overall, out of 1,232 funds, according to risk adjusted return
Lipper
Classification: S&P 500 Index
preservation
Overall, out of 12,184 funds, according to historical loss avoidance
tax efficiency
Overall, out of 112 funds, according to success at deferring taxes
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The Lipper Rating for Preservation is a fund that has demonstrates a superior ability to preserve capital in a variety of markets when compared with other funds in its asset class as of 12/31/20. Lipper ratings for Tax Efficiency reflect the fund’s success at deferring taxes over the measurement period as of 12/31/20. The ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Preservation metrics over three-year, five-year, and 10-year periods (if applicable). The highest 20% of funds in each peer group are named Lipper Leader or a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2, and the lowest 20% are scored 1. Homestead Stock Index Fund, in Lipper’s S&P 500 Index classification, received a rating of 5 for the five-year, 10-year and Overall periods, respectively (number of funds rated in parentheses). Preservation: Five-year (10,595 funds), 10-year (7,257 funds) and Overall (12,184 funds).Tax Efficiency: Five-year (102 funds), 10-year (86 funds) and Overall (112 funds). Homestead Stock Index Fund, in Lipper’s S&P 500 Index classification, received a rating of 4 for the three-year periods. Preservation: (12,184 funds) and Tax Efficiency: (112 funds). Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. More information is available at lipperleaders.com.
Morningstar rated this fund, in Morningstar’s large blend category, 4 stars for the Overall period out of 1,232 funds, 4 stars for the 10-year period out of 814 funds, 3 stars for the five-year period out of 1,072 funds and 3 stars for the three-year period out of 1,232 funds for performance periods ending 12/31/20. The Morningstar Rating for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-ended funds and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-year, five-year, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
©2021 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Ratings are updated regularly. More information is available at morningstar.com.
Fee Structure | No Load |
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Expense Ratio | 0.59% (Net 0.59%) (12/31/2019) |
Median Expense Ratio for Peer Group | 0.50% (12/31/2019) |
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. The peer ratio is according to Morningstar Direct, based on each fund’s Morningstar classification.
BlackRock Fund Advisors
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BlackRock Fund Advisors 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. The Stock Index Fund pursues its objective by investing substantially all of its assets in another pooled investment vehicle (a “master fund”). The ability of the Stock Index Fund to meet its investment objective is directly related to the ability of the master fund to meet its investment objective. Index funds may hold securities of companies that present risks that an investment adviser researching individual securities might otherwise seek to avoid and are subject to tracking error risk.
- Month End
- Quarter End
AVERAGE ANNUAL | ||||||
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AGGREGATE YTD |
1 YR | 3 YR | 5 YR | 10 YR | SINCE FUND'S INCEPTION |
|
Stock Index Fund | -1.04% | 16.67% | 11.09% | 15.52% | 12.89% | 6.31% |
S&P 500 Stock Index | -1.01% | 17.25% | 11.70% | 16.16% | 13.50% | 6.95% |
Stock Index Fund | S&P 500 Stock Index | ||
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AGGREGATE | |||
YTD | -1.04% | -1.01% | |
AVERAGE ANNUAL | |||
1 YR | 16.67% | 17.25% | |
3 YR | 11.09% | 11.70% | |
5 YR | 15.52% | 16.16% | |
10 YR | 12.89% | 13.50% | |
SINCE FUND'S INCEPTION | 6.31% | 6.95% |
Stock Index Fund | S&p 500 Stock Index | |
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2016 | 11.33% | 11.96% |
2017 | 21.16% | 21.83% |
2018 | -4.95% | -4.38% |
2019 | 30.77% | 31.49% |
2020 | 17.80% | 18.40% |
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The total returns shown above represent past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted. For performance data current to the most recent month-end, call 800.258.3030 or visit homesteadfunds.com.
Total returns include interest, capital gains, dividends and distributions.
Equity securities generally have greater price volatility than fixed-income securities and are subject to issuer risk and market risk. The Stock Index Fund pursues its objective by investing substantially all of its assets in another pooled investment vehicle (a “master fund”). The ability of the Stock Index Fund to meet its investment objective is directly related to the ability of the master fund to meet its investment objective. Index funds may hold securities of companies that present risks that an investment adviser researching individual securities might otherwise seek to avoid and are subject to tracking error risk.
The Standard & Poor’s 500 Stock Index is a broad-based measure of U.S. stock market performance and includes 500 widely held common stocks. Indices are unmanaged and investors cannot invest directly in an index. Unless otherwise noted, performance of indices does not account for any fees, commissions or other expenses that would be incurred. Returns include reinvested dividends.
Index funds are subject to tracking risk, the risk that the fund’s return will not closely track the return of the index.
0.59% (Net 0.59%) ( 12/31/2019 )
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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.
Stock Index Fund | $35,417 |
S&P 500 Stock Index | $37,162 |
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The line chart compares the change in value of a $10,000 investment in the fund and the Standard & Poor’s 500® Stock Index over a ten-year period. The chart represents past performance, which is no guarantee of future results. Current performance may be higher or lower than that shown above. Returns and the principal value of your investment will fluctuate such that shares, when redeemed, may be worth more or less than their original cost. The fund’s average annual total returns are net of any fee waivers and reimbursements. Returns do not reflect taxes that the shareholder may pay on fund distributions or the redemption of fund shares.
The chart plots daily share prices for the last 10 years. The interactive calendar will retrieve the share price for any business day since the fund's inception.
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Net Assets | $188,822,708 |
Number of Holdings | Fully invested in BlackRock S&P 500 Master Portfolio |
Information technology | 27.6% |
Health care | 13.4% |
Consumer discretionary | 12.8% |
Communication | 10.8% |
Financials | 10.5% |
Industrials | 8.4% |
Consumer staples | 6.5% |
Utilities | 2.7% |
Materials | 2.6% |
Real estate | 2.4% |
Energy | 2.3% |
Apple, Inc. | 6.7% |
Microsoft Corp. | 5.3% |
Amazon.com, Inc. | 4.4% |
Alphabet, Inc. | 3.3% |
Facebook, Inc. | 2.1% |
Tesla Inc. | 1.7% |
Berkshire Hathaway, Inc. | 1.4% |
Johnson & Johnson | 1.3% |
JPMorgan Chase & Co. | 1.2% |
Visa Inc. | 1.2% |
Total | 28.6% |
Income and/or capital gains distributions for this fund, if any, are listed in the table below for the current and previous calendar year. See Distributions for more on the timing and tax status of fund distributions.
DISTRIBUTION TYPE | RECORD DATE | DECLARATION DATE | $/PER SHARE |
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Long-Term Capital Gains | 6/30/20 | 6/30/20 | $0.0743 |
Ordinary Income | 12/16/20 | 12/17/20 | $0.3103 |
Short-Term Capital Gains | 12/16/20 | 12/17/20 | $0.0053 |
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The record date is the date on which you must be a shareholder in order to receive a portion of the fund’s distribution.
The declaration date, typically the business day after the record date, is the date the amount of the distribution is announced and deducted from fund assets. On this day, the amount of the distribution is deducted from fund assets and calculated as a per share amount to be passed through to shareholders. The fund’s share price will decline by the amount of the distribution (plus or minus any share price change related to market activity). The following business day, shareholders will see their portion of the distribution posted to their account as either a cash dividend or dividend reinvestment.
- Annual Report (with Fund Holdings) — December 31, 2020
- Statement of Additional Information (SAI) — May 1, 2020, supplemented February 1, 2021
- 2020 4Q Market Review — Vaccine Fuels Healthy Finish for Investments
- Homestead Funds Prospectus — May 1, 2020, supplemented January 22, 2021
- Stock Index Fund Fact Sheet (HSTIX)
- Performance Summary
- 2020 Year-End Distributions
- Fund Holdings — September 30, 2020
- Fund Holdings — March 31, 2020
- 2019 Year-End Distributions
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View all Resources and Forms-
Annual Report (with Fund Holdings) — December 31, 2020
As we can all attest, 2020 was an extremely challenging year. After the initial economic shock of the springtime shutdown resulting from the COVID-19 pandemic, the U.S. economy recovered substantially from March and April lows. November’s momentous news of two effective vaccines buoyed hopes and signaled a light at the end of the tunnel. The news came on the heels of another development: the outcome of the U.S. presidential election. Along with the critically important support from the Federal Reserve and fiscal stimulus packages, these factors drove markets higher with stocks closing the year at record highs. Bond markets posted moderate gains, capping off a strong year. U.S. Treasury rates remained at historic lows, with modestly higher yields for longer-dated bond issues. The Federal Reserve’s near-zero rates are likely to remain in place for years.
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2020 4Q Market Review — Vaccine Fuels Healthy Finish for Investments
Stocks recovered substantially from first-quarter declines, though most categories of stocks remained below February peaks as of quarter-end. Bonds also posted gains as credit spreads, the difference in yields between non-government bonds and U.S. Treasuries, retreated from crisis levels.
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Watch Now: What a year! What’s next?
2020 Capital Markets Review and 2021 Outlook: Homestead Funds’ CEO Mark Santero shares our thoughts on this unfolding year.
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Homestead Funds paid income and/or capital gain spillback distributions on December 17, 2020. Read more.