Value Fund

Stock Funds

Investment Objective and Strategy

Is This Fund a Good Choice for Me?
The Value Fund may be appropriate if your goal is to grow your savings over the next several years by investing in U.S. companies with relatively inexpensive stock prices.  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 primarily seeks long-term growth of capital and secondarily current income for the long-term investor and invests in stocks of companies selling below what RE Advisers believes to be their fundamental value. To determine whether a stock is undervalued, RE Advisers considers, among other factors, potential earning power, financial debt ratios and any competitive advantages a company may have. Under ordinary conditions, the fund will invest at least 80% of its net assets in common stocks of companies with market capitalizations of $2 billion or greater.

Fund Profile
Inception November 19, 1990
Asset Allocation Stock
Benchmark Russell 1000 Value Index
Ticker Symbol HOVLX
CUSIP Number 437769201
Industry Rankings as of 06/30/2021


Category: Large Value


Overall, out of 1,141 funds, according to risk adjusted return


Classification: Multi-Cap Value


total return

Overall, out of 305 funds, according to historical total return


consistent return

Overall, out of 305 funds, according to historical risk-adjusted returns adjusted for volatility



Overall, out of 88 funds, according to expense minimization

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Lipper ratings for Total Return reflect the fund’s historical total return performance relative to peers as of 6/30/21. Lipper ratings for Consistent Return reflect the fund’s historical risk-adjusted returns, adjusted for volatility, relative to peers as of 6/30/21. Lipper ratings for Expense reflect the fund’s expense minimization relative to peers with similar load structures as of 6/30/21. The Lipper ratings are subject to change every month and are based on an equal-weight average of percentile ranks for the Total Return, Consistent Return and Expense metrics over three-year, five-year, 10-year and overall periods. 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 Value Fund, in Lipper’s multi-cap value classification, received a rating of 5 for the three-year, five-year, 10-year and overall periods (number of funds rated in parentheses): Total Return: Three-year (305 funds), Five-year (288 funds), 10-year (228 funds) and Overall (305 funds). Consistent Return: Three-Year (305 funds), Five-year (288 funds), 10-year (228 funds) and Overall (305 funds).  Expense: Three-year (88 funds), Five-year (88 funds), 10-year (78 funds) and overall (88 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

Morningstar rated this fund, in Morningstar’s large-value category, 4 stars for the overall period out of 1,141 funds, 4 stars for the 10-year period out of 740 funds, 4 stars for the five-year period out of 1,012 funds and 4 stars for the three-year period out of 1,141 funds for performance periods ending 6/30/21. 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.

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Fee Structure No Load
Expense Ratio 0.65% (Net 0.65%) (12/31/2020)
Median Expense Ratio for Peer Group 1.07% (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. The peer ratio is according to Morningstar Direct, based on each fund’s Morningstar classification.

Portfolio Management

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.

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