International Equity Fund

Lipper ratings for Consistent Return reflect the fund’s historical risk-adjusted returns, adjusted for volatility, relative to peers as of month ending 12/31/23. Lipper ratings for Expense reflect the fund’s expense minimization relative to peers with similar load structures as of month ending 12/31/23. The Lipper ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the 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 2, and the lowest 20% are scored 1. Homestead International Equity Fund, in Lipper’s International Large-Cap Growth classification received a rating of 5 for the following periods (number of funds rated in parentheses). Consistent Return: five-year (296 funds), and Overall (342 funds). Expense: three-year (72 funds), and Overall (72 funds). The fund received a rating of 4 for the following periods (number of funds rated in parentheses). Consistent Return: three-year (342 funds), and 10-year (204 funds). Expense: five-year (67 funds), and 10-year (56 funds). More information is available at lipperleaders.com.

Morningstar rated this fund, in Morningstar’s foreign large growth category, 4 stars for the Overall period out of 394 funds, 3 stars for the 10-year period out of 229 funds, 4 stars for the five-year period out of 336 funds and 4 stars for the three-year period out of 394 funds for performance month ending 12/31/23. 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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