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.


Total Returns

As of 3/31/2023

Calendar-Year Total Returns

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 03/31/2023


Category Small Blend

*Overall, out of 589 funds, according to risk-adjusted return


Classification Small-Cap Core Funds

1Overall, out of 230 funds, according to expense minimization

Share Price History

As of 06/08/2023

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.


Sector Weightings

As of 3/31/2023

Top 10 Holdings

As of 3/31/2023

Applied Industrial Technologies, Inc. 3.9%
Atkore Inc. 3.9%
Federal Signal Corp. 3.8%
Comfort Systems USA, Inc. 3.7%
Summit Materials, Inc. 3.4%
Descartes Systems Group Inc. (The) 3.3%
Altair Engineering Inc. 3.0%
Avient Corp. 2.9%
Diodes Inc. 2.5%
Advanced Energy Industries, Inc. 2.5%
Total 32.9%

Portfolio holdings are subject to change without notice.

Portfolio Characteristics

As of 3/31/2023

Net Assets $245,723,733
Number of Holdings 56


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
Long-Term Capital Gains 6/29/22 6/30/22 $0.3701
Long-Term Capital Gains 12/14/22 12/15/22 $0.7911

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.