Stock Index Fund
Investment Objective and Strategy
Is this fund a good choice for me?
The Stock Index Fund may be appropriate if your goal is to grow your savings over the next several years by investing in large, well-known U.S. companies while closely tracking the performance of the overall U.S. stock market. 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 to match, as closely as possible, before expenses, the performance of the Standard & Poor’s 500 Index, which emphasizes stocks of large U.S. companies. The fund is a feeder fund, meaning it invests its assets in the S&P 500 Index Master Portfolio, a separate series of an unaffiliated trust called the Master Investment Portfolio.
Fund Profile
| Inception | October 28, 1999 |
|---|---|
| Asset Allocation | Stock |
| Benchmark | S&P 500 Index |
| Ticker Symbol | HSTIX |
| CUSIP Number | 437769607 |
| Fee Structure | No Load |
| Expense Ratio | 0.44% (12/31/2023) |
| Median Expense Ratio for Peer Group | 0.45% (12/31/2023) |
| Transaction Fees | NONE |
Performance
Total Returns
As of 6/30/2024
Growth of $10,000
The line chart compares the change in value of a $10,000 investment in the fund and the Standard & Poor’s 500 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 06/30/2024
Morningstar |
|
| Category | Large Blend |
|---|---|
| Rating* |
★★★★
|
*Overall, out of 1,302 funds, according to risk-adjusted return
Share Price History
As of 09/06/2024
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 (% of Total Equity Holdings)
As of 6/30/2024
Top 10 Holdings (% of Total Equity Holdings)
As of 6/30/2024
| Microsoft Corp. | 7.2% |
|---|---|
| NVIDIA Corp. | 6.6% |
| Apple, Inc. | 6.6% |
| Alphabet, Inc. | 4.2% |
| Amazon.com, Inc. | 3.8% |
| Meta Platforms, Inc. | 2.4% |
| Berkshire Hathaway, Inc. | 1.6% |
| Eli Lilly and Co. | 1.6% |
| Broadcom Inc. | 1.5% |
| JPMorgan Chase & Co. | 1.3% |
| Total | 36.8% |
Portfolio holdings are subject to change without notice.
Portfolio Characteristics
As of 6/30/2024
| Net Assets | $250,649,714 |
|---|---|
| Number of Holdings | Fully invested in BlackRock S&P 500 Master Portfolio |
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.
2024 Earnings Distribution
| Distribution Type | Record Date | Declaration Date | $/Per Share |
|---|---|---|---|
| Long-Term Capital Gains | 6/27/24 | 6/28/24 | $0.0156 |
| Ordinary Income | 6/27/24 | 6/28/24 | $0.0353 |
| Short-Term Capital Gains | 6/27/24 | 6/28/24 | $0.0185 |
2023 Earnings Distribution
| Distribution Type | Record Date | Declaration Date | $/Per Share |
|---|---|---|---|
| Long-Term Capital Gains | 6/29/23 | 6/30/23 | $0.0014 |
| Ordinary Income | 6/29/23 | 6/30/23 | $0.0044 |
| Short-Term Capital Gains | 6/29/23 | 6/30/23 | $0.0025 |
| Long-Term Capital Gains | 12/13/23 | 12/14/23 | $0.0365 |
| Ordinary Income | 12/13/23 | 12/14/23 | $0.3536 |
| Short-Term Capital Gains | 12/13/23 | 12/14/23 | $0.0803 |
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
BlackRock Fund Advisors
BlackRock Fund Advisors is not affiliated with Homestead Funds, Homestead Advisers Corp., Homestead Financial Services Corp. or NRECA.
Equity securities generally have greater price volatility than fixed-income securities. The market price of equity securities may go up or down, sometimes rapidly or unpredictably. Equity securities may decline in value due to factors affecting the issuer or equity securities markets generally. The Stock Index Fund pursues its objective by investing substantially all of its assets in another pooled investment vehicle (a “master fund”). Accordingly, the ability of the Stock Index Fund to meet its investment objective is directly related to the ability of the master fund to meet its investment objective. Index funds may hold securities of companies that present risks that an investment adviser researching individual securities might otherwise seek to avoid and also are subject to tracking error risk.