Small-Company Stock Fund
Investment Objective and Strategy
Is this fund a good choice for me?
The Small-Company Stock Fund may be appropriate if your goal is to grow your savings over the next several years by investing in smaller U.S. companies. 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 long-term growth of capital for the long-term investor and generally invests in stocks of companies that Homestead Advisers believes are attractive based on its investment process. To determine whether a stock is attractive, Homestead Advisers follows a bottom-up approach based on its fundamental research and consideration of a variety of factors, such as a company’s business, market opportunities, potential earning power, financial ratios, competitive advantages, and the experience and qualifications of the company’s management. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowing for investment purposes) in common stocks of companies whose market capitalization, at the time of purchase, is within the range of the market capitalization of companies represented in the Russell 2000 Index.
Fund Profile
| Inception | March 04, 1998 |
|---|---|
| Asset Allocation | Stock |
| Benchmark | Russell 2000 Index |
| Ticker Symbol | HSCSX |
| CUSIP Number | 437769508 |
| Fee Structure | No Load |
| Expense Ratio | 1.07% (12/31/2023) |
| Median Expense Ratio for Peer Group | 1.24% (12/31/2023) |
| Transaction Fees | NONE |
Performance
Total Returns
As of 3/31/2024
Growth of $10,000
The line chart compares the change in value of a $10,000 investment in the fund and the Russell 2000 Index over a 10-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.
Industry Rankings
For the month ending 03/31/2024
Morningstar |
|
| Category | Small Blend |
|---|---|
| Rating* |
★★★
|
*Overall, out of 584 funds, according to risk-adjusted return
Share Price History
As of 04/25/2024
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.
Composition
Sector Weightings
As of 3/31/2024
Top 10 Holdings
As of 3/31/2024
| Atkore Inc. | 4.0% |
|---|---|
| Federal Signal Corp. | 4.0% |
| Summit Materials, Inc. | 3.9% |
| Applied Industrial Technologies, Inc. | 3.7% |
| Comfort Systems USA, Inc. | 3.6% |
| Medpace Holdings, Inc. | 3.6% |
| Integer Holdings Corp. | 3.5% |
| Altair Engineering Inc. | 3.2% |
| Descartes Systems Group Inc. (The) | 3.1% |
| Kinsale Capital Group, Inc. | 3.0% |
| Total | 35.6% |
Portfolio holdings are subject to change without notice.
Portfolio Characteristics
As of 3/31/2024
| Net Assets | $256,244,152 |
|---|---|
| Number of Holdings | 53 |
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.
2023 Earnings Distribution
| Distribution Type | Record Date | Declaration Date | $/Per Share |
|---|---|---|---|
| Long-Term Capital Gains | 6/29/23 | 6/30/23 | $0.1848 |
| Long-Term Capital Gains | 12/13/23 | 12/14/23 | $0.7827 |
| Ordinary Income | 12/13/23 | 12/14/23 | $0.0223 |
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
Equity securities generally have greater price volatility than fixed-income securities and are subject to issuer risk and market risk. Securities of small and medium-sized companies tend to be riskier than those of larger companies.