Value Fund
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.
Fund Profile
| Inception | November 19, 1990 |
|---|---|
| Asset Allocation | Stock |
| Benchmark | Russell 1000 Value Index |
| Ticker Symbol | HOVLX |
| CUSIP Number | 437769201 |
| Fee Structure | No Load |
| Expense Ratio | 0.64% (12/31/2023) |
| Median Expense Ratio for Peer Group | 1.05% (12/31/2023) |
| Transaction Fees | NONE |
Performance
Total Returns
As of 09/30/2024
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 09/30/2024
Morningstar |
|
| Category | Large Value |
|---|---|
| Rating* |
★★★★
|
*Overall, out of 1,085 funds, according to risk-adjusted return
Share Price History
As of 12/10/2024
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 09/30/2024
Top 10 Holdings
As of 09/30/2024
| JPMorgan Chase & Co. | 4.2% |
|---|---|
| Parker-Hannifin Corp. | 4.1% |
| Meta Platforms, Inc. | 3.7% |
| AbbVie Inc. | 3.4% |
| Fiserv, Inc. | 3.4% |
| Goldman Sachs Group, Inc. | 3.3% |
| Honeywell International, Inc. | 3.3% |
| Abbott Laboratories | 2.7% |
| Exxon Mobil Corp. | 2.6% |
| Eaton Corp. PLC | 2.5% |
| Total | 33.2% |
Portfolio holdings are subject to change without notice.
Portfolio Characteristics
As of 09/30/2024
| Net Assets | $1,044,450,438 |
|---|---|
| Number of Holdings | 49 |
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 | $0.7747 |
| Ordinary Income | 6/27/24 | 6/28/24 | $0.3512 |
| Short-Term Capital Gains | 6/27/24 | 6/28/24 | $0.0022 |
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 |
| Long-Term Capital Gains | 12/13/23 | 12/14/23 | $2.3102 |
| Ordinary Income | 12/13/23 | 12/14/23 | $0.3448 |
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.