Investment Objective and Strategy

Is this fund a good choice for me?
The Daily Income Fund might 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. The U.S. government securities in which the fund invests might also include variable and floating rate instruments.

Performance

Total Returns

As of 3/31/2022

Calendar-Year Total Returns

Industry Classifications

Morningstar

Category Money Market — Taxable

Lipper

Classification U.S. Government Money Market

Share Price History

As of 06/24/2022

The Daily Income Fund has maintained a $1.00 share price since its inception.

Composition

Security Weightings

As of 3/31/2022

Portfolio Characteristics

As of 3/31/2022

Net Assets $191,212,660
Number of Holdings 52
Weighted Average Maturity 42

Distributions

Income and/or capital gains distributions for this fund, if any, are listed in the table below for the current and previous calendar year. Mutual funds are required to pass through to their shareholders substantially all of the interest income and capital gains earned by the fund during the year. These distributions are paid on a regular schedule as shown in the table below.

2022 Earnings Distribution

Distribution Type Record Date Declaration Date $/Per Share
Ordinary Income Daily 1/31/22 $0.0000
Ordinary Income Daily 2/28/22 $0.0000
Ordinary Income Daily 3/31/22 $0.0000
Ordinary Income Daily 4/30/22 $0.0000
Ordinary Income Daily 5/31/22 $0.0001

2021 Earnings Distribution

Distribution Type Record Date Declaration Date $/Per Share
Ordinary Income Daily 1/29/21 $0
Ordinary Income Daily 2/26/21 $0
Ordinary Income Daily 3/31/21 $0
Ordinary Income Daily 4/30/21 $0
Ordinary Income Daily 5/28/21 $0
Ordinary Income Daily 6/30/21 $0
Ordinary Income Daily 7/30/21 $0
Ordinary Income Daily 8/31/21 $0
Ordinary Income Daily 9/30/21 $0
Ordinary Income Daily 10/29/21 $0
Ordinary Income Daily 11/30/21 $0
Ordinary Income Daily 12/31/21 $0

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.

 

Portfolio Management

Invesco Advisers, Inc.

Invesco Advisers, Inc. is not affiliated with Homestead Funds, Homestead Advisers Corp., Homestead Financial Services Corp. 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.