Investment Objective and Strategy

Is this fund a good choice for me?
The Value Fund may be appropriate if your goal is to grow your savings over the next several years by investing in U.S. companies with relatively inexpensive stock prices. 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 primarily seeks long-term growth of capital and secondarily current income for the long-term investor and invests in stocks of companies selling below what Homestead Advisers believes to be their fundamental value. To determine whether a stock is undervalued, Homestead Advisers considers, among other factors, potential earning power, financial debt ratios and any competitive advantages a company may have. Under ordinary conditions, the fund will invest at least 80% of its net assets in common stocks of companies with market capitalizations of $2 billion or greater.


Total Returns

As of 9/29/2023

Calendar-Year Total Returns

Growth of $10,000

The line graph is a comparison of the change in value of a $10,000 investment in the fund and the Russell 1000 Value 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 09/30/2023


Category Large Value

*Overall, out of 1,138 funds, according to risk-adjusted return


Classification Large-Cap Value

1Overall, out of 85 funds, according to expense minimization

Share Price History

As of 12/04/2023

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 9/29/2023

Top 10 Holdings

As of 9/29/2023

Parker-Hannifin Corp. 4.2%
JPMorgan Chase & Co. 4.0%
Alphabet, Inc. 3.6%
Honeywell International, Inc. 3.5%
Meta Platforms, Inc. 3.3%
AbbVie Inc. 3.3%
ConocoPhillips 3.2%
Chevron Corp. 3.2%
Abbott Laboratories 3.2%
Microsoft Corp. 3.0%
Total 34.5%

Portfolio holdings are subject to change without notice.

Portfolio Characteristics

As of 9/29/2023

Net Assets $884,353,128
Number of Holdings 47


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 $0.1597
Ordinary Income 6/29/23 6/30/23 $0.3826

2022 Earnings Distribution

Distribution Type Record Date Declaration Date $/Per Share
Long-Term Capital Gains 6/29/22 6/30/22 $1.2099
Ordinary Income 6/29/22 6/30/22 $0.3365
Long-Term Capital Gains 12/14/22 12/15/22 $2.9848
Ordinary Income 12/14/22 12/15/22 $0.3467
Short-Term Capital Gains 12/14/22 12/15/22 $0.0018

Portfolio Management

Equity securities generally have greater price volatility than fixed-income securities and are subject to issuer risk and market risk. Value stocks are subject to the risk that returns on stocks within the style category will trail returns of stocks representing other styles or the market overall.