UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number
811-06136
(Exact name of registrant as specified in charter)
4301 Wilson Boulevard, Arlington, VA 22203
(Address of principal executive offices) (zip code)
Tracey M. Todd
4301 Wilson Blvd.
Arlington, VA 22203
(Name and address of agent for service)
Copies to:
Amy Ward Pershkow, Esq.
Vedder Price P.C.
1401 New York Avenue
Washington, D.C. 20005
Registrant's telephone number, including area code:
800-258-3030
Date of fiscal year end:
December 31
Date of reporting period:
Item 1. Reports to Shareholders
Semi-Annual Shareholder Report | June 30, 2024
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
| Fund | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Daily Income Fund | $ |
| * | |
Fund Performance
| AVERAGE ANNUAL TOTAL RETURNS | 1 Year | 5 Years | 10 Years |
Key Fund Statistics
The following table reflects important key statistics as of June 30, 2024.
| Fund Net Assets | $ |
| Total Number of Portfolio Holdings | |
| 7-Day Yield | 5.34% |
| Weighted Average Maturity (Days) | 33 |
Graphical Representation of Holdings
The table below reflects the investment diversification of the Fund shown as a percentage of total investments of the Fund.
Security Diversification
| U.S. government and agency obligations | |
| Short-term and other assets* | |
| Total |
| * | |
Availability of Additional Information
You can find additional information about the Fund such as its prospectus, financial information, holdings, and statement of additional information at https://www.homesteadfunds.com/fund-literature/. You can also request this information free of charge by contacting us at 800.258.3030.
Semi-Annual Shareholder Report | June 30, 2024
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
| Fund | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Short-Term Government Securities Fund | $ |
| * | |
Management's Discussion of Fund Performance
The Fund returned 0.97% for the six months ended June 30, 2024, outperforming its performance benchmark, the ICE BofA 1-5 Year U.S. Treasury Index, which returned 0.80%.
Key contributors to the Fund’s outperformance were its allocation to sectors not included in the performance benchmark, such as securities of agencies backed by the full faith and credit of the U.S. government, mortgage-backed securities (MBS), collateralized mortgage obligations (CMOs), and asset-backed securities. The Fund benefited from strategic yield curve positioning and effective duration management.
The Fund’s underweight position in U.S. Treasuries and security selection generally detracted from performance, offsetting previous gains achieved through sector allocation and interest rate positioning.
During the period, the team strategically added to the Fund’s duration to benefit from interest rate volatility as inflation data delayed expected rate cuts to late 2024. By utilizing maturities and principal paydowns from agencies, the team increased allocations to CMOs and MBS.
Fund Performance
The following graph compares the account values at June 30 of each of the most recent 10 years of a $10,000 initial investment in 1) the Fund, 2) a regulatory benchmark, and 3) a performance benchmark.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURNS | 1 Year | 5 Years | 10 Years |
| ( |
|||
Due to SEC rules on shareholder reporting, the Fund adopted a new broad-based securities market index, referred to as the regulatory benchmark. The Fund retained its previous benchmark as a secondary benchmark, referred to as the performance benchmark, because it more closely aligns with the Fund's investment strategy.
To obtain the most recent month-end returns, please visit https://www.homesteadfunds.com/solutions/performance-prices/ or call 800.258.3030.
Key Fund Statistics
The following table reflects important key statistics as of June 30, 2024.
| Fund Net Assets | $ |
| Total Number of Portfolio Holdings | |
| Portfolio Turnover | |
| Weighted Average Maturity (Years) | 2.89 |
Graphical Representation of Holdings
The table below reflects the investment diversification of the Fund shown as a percentage of total investments of the Fund.
Security Diversification
| U.S. government and agency obligations | |
| Mortgage-backed securities | |
| Corporate bonds—government guaranteed | |
| Corporate bonds—other | |
| Asset-backed securities | |
| Short-term and other assets* | |
| Total |
| * | |
Availability of Additional Information
You can find additional information about the Fund such as its prospectus, financial information, holdings, statement of additional information and proxy voting information at https://www.homesteadfunds.com/fund-literature/. You can also request this information free of charge by contacting us at 800.258.3030.
Semi-Annual Shareholder Report | June 30, 2024
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
| Fund | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Short-Term Bond Fund | $ |
| * | |
Management's Discussion of Fund Performance
The Fund returned 1.26% for the six months ended June 30, 2024, outperforming its performance benchmark, the ICE BofA 1-5 Year U.S. Corporate/Government Index, which returned 1.09%.
Key contributors to the Fund’s outperformance were its allocations to asset-backed securities, corporate bonds (both financials and industrials), collateralized mortgage obligations (CMOs), and mortgage-backed securities (MBS), which contributed significantly as investment-grade credit spreads narrowed. The Fund benefited from strategic yield curve positioning and effective duration management.
The Fund’s underweight position in U.S. Treasuries and security selection generally detracted from performance. Security selection had a slight negative impact, offsetting previous gains from sector allocation and interest rate positioning.
During the period, the team strategically added to the Fund’s duration to benefit from interest rate volatility as inflation data delayed expected rate cuts to late 2024. Allocations to corporate bonds, CMOs, and MBS were increased while reducing allocations to U.S. Treasuries, to improve yield and capitalize on market opportunities.
Fund Performance
The following graph compares the account values at June 30 of each of the most recent 10 years of a $10,000 initial investment in 1) the Fund, 2) a regulatory benchmark, and 3) a performance benchmark.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURNS | 1 Year | 5 Years | 10 Years |
| Regulatory Benchmark - Bloomberg U.S. Aggregate Index | 2.63% | (0.23)% | 1.35% |
Due to SEC rules on shareholder reporting, the Fund adopted a new broad-based securities market index, referred to as the regulatory benchmark. The Fund retained its previous benchmark as a secondary benchmark, referred to as the performance benchmark, because it more closely aligns with the Fund's investment strategy.
To obtain the most recent month-end returns, please visit https://www.homesteadfunds.com/solutions/performance-prices/ or call 800.258.3030.
Key Fund Statistics
The following table reflects important key statistics as of June 30, 2024.
| Fund Net Assets | $ |
| Total Number of Portfolio Holdings | |
| Portfolio Turnover | |
| Weighted Average Maturity (Years) | 2.84 |
Graphical Representation of Holdings
The table below reflects the investment diversification of the Fund shown as a percentage of total investments of the Fund.
Security Diversification
| Corporate bonds—other | |
| U.S. government and agency obligations | |
| Asset-backed securities | |
| Mortgage-backed securities | |
| Yankee bonds | |
| Corporate bonds—government guaranteed | |
| Municipal bonds | |
| Short-term and other assets | |
| Total |
Availability of Additional Information
You can find additional information about the Fund such as its prospectus, financial information, holdings, statement of additional information and proxy voting information at https://www.homesteadfunds.com/fund-literature/. You can also request this information free of charge by contacting us at 800.258.3030.
Semi-Annual Shareholder Report | June 30, 2024
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
| Fund | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Stock Index Fund | $ |
| * | |
Stock Index Fund operates as a feeder fund with all of its assets invested in the BlackRock S&P 500 Index Master Portfolio ("Master Portfolio"). The expense table reflects the expenses of both the feeder fund and the Master Portfolio.
Management's Discussion of Fund Performance
The Fund returned 7.23% for the six months ended June 30, 2024, trailing its benchmark index, the Standard & Poor’s (“S&P”) 500® Index, which returned 8.01%.
In the first quarter of 2024, equity markets in the United States continued to build off momentum from the last quarter of 2023. These robust gains were largely driven from continued investor optimism around companies involved in artificial intelligence (AI) development. Strong earnings reports also helped buoy U.S. indices, such as the S&P 500, to all-time highs throughout the first quarter of 2024. Fears of a "valuation bubble" began to emerge later in the quarter given the strong appreciation of technology stocks but strong earnings reports helped mitigate these concerns.
In the second quarter of 2024, the S&P 500 continued to notch new all-time highs, pushing the index above 5,450 points in June 2024. Investor optimism from better-than-expected earnings in AI-related technology stocks helped continue the rally in the large-cap market. From a Global Industry Classification Standard sector perspective, information technology (13.81%), communication services (9.37%), and utilities (4.66%) were among the best performers, while materials (-4.50%), industrials (-2.89%), and energy (-2.42%) were among the worst performers.
Fund Performance
The following graph compares the account values at June 30 of each of the most recent 10 years of a $10,000 initial investment in the Fund and a broad-based securities market index.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURNS | 1 Year | 5 Years | 10 Years |
To obtain the most recent month-end returns, please visit https://www.homesteadfunds.com/solutions/performance-prices/ or call 800.258.3030.
Key Fund Statistics
The following table reflects important key statistics as of June 30, 2024.
| Fund Net Assets | $ |
| Total Number of Portfolio Holdings | |
| Portfolio Turnover | |
Both the number of portfolio holdings and portfolio turnover represent the holdings and portfolio turnover of the Master Portfolio in which the Stock Index Fund is fully invested.
Graphical Representation of Holdings
The tables below reflect the investment diversification and top 10 holdings of the Fund, shown as a percentage of total investments of the Fund.
Sector Diversification
| Information technology | |
| Financials | |
| Health care | |
| Consumer discretionary | |
| Communication | |
| Industrials | |
| Consumer staples | |
| Energy | |
| Utilities | |
| Materials | |
| Real estate | |
| Total |
Top 10 Holdings
| Microsoft Corp. | |
| NVIDIA Corp. | |
| Apple, Inc. | |
| Alphabet, Inc. | |
| Amazon.com, Inc. | |
| Meta Platforms, Inc. | |
| Berkshire Hathaway, Inc. | |
| Eli Lilly and Co. | |
| Broadcom Inc. | |
| JPMorgan Chase & Co. | |
| Total |
Availability of Additional Information
You can find additional information about the Fund such as its prospectus, financial information, holdings, statement of additional information and proxy voting information at https://www.homesteadfunds.com/fund-literature/. You can also request this information free of charge by contacting us at 800.258.3030.
Semi-Annual Shareholder Report | June 30, 2024
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
| Fund | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Value Fund | $ |
| * | |
Management's Discussion of Fund Performance
The Fund returned 9.88% for the six months ended June 30, 2024, outperforming its performance benchmark, the Russell 1000 Value Index, which returned 6.62%.
There were two major themes during the period: the potential timing of the Federal Reserve to cut interest rates and the increased enthusiasm over artificial intelligence (AI).
Sector allocation was negative during the period, primarily from overweights in the health care and consumer discretionary sectors. An overweight to the industrial sector had a slightly positive effect. Stock selection was good during the six-month period particularly within the telecommunications and technology sectors. Meta Platform’s outperformance was driven by continued strong user engagement and investor enthusiasm for the potential benefits AI could have on its business.
Negatively impacting performance was Ulta Beauty, a specialty retailer of beauty products, which saw its revenue growth slow more than expected. Also detracting from performance was Centene, a managed care organization that continues to face membership enrollment challenges in its core Medicaid business.
Fund Performance
The following graph compares the account values at June 30 of each of the most recent 10 years of a $10,000 initial investment in 1) the Fund, 2) a regulatory benchmark, and 3) a performance benchmark.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURNS | 1 Year | 5 Years | 10 Years |
| Regulatory Benchmark - S&P 500 Index | 24.56% | 15.05% | 12.86% |
Due to SEC rules on shareholder reporting, the Fund adopted a new broad-based securities market index, referred to as the regulatory benchmark. The Fund retained its previous benchmark as a secondary benchmark, referred to as the performance benchmark, because it more closely aligns with the Fund's investment strategy.
To obtain the most recent month-end returns, please visit https://www.homesteadfunds.com/solutions/performance-prices/ or call 800.258.3030.
Key Fund Statistics
The following table reflects important key statistics as of June 30, 2024.
| Fund Net Assets | $ |
| Total Number of Portfolio Holdings | |
| Portfolio Turnover | |
Graphical Representation of Holdings
The tables below reflect the investment diversification and the top 10 holdings of the Fund, shown as a percentage of total investments of the Fund.
Sector Diversification
| Financials | |
| Health care | |
| Industrials | |
| Information technology | |
| Communication services | |
| Energy | |
| Consumer discretionary | |
| Materials | |
| Real estate | |
| Consumer staples | |
| Short-term and other assets | |
| Total |
Top 10 Holdings
| JPMorgan Chase & Co. | |
| Parker-Hannifin Corp. | |
| Meta Platforms, Inc. | |
| Honeywell International, Inc. | |
| Goldman Sachs Group, Inc. | |
| Alphabet, Inc. | |
| AbbVie Inc. | |
| Lam Research Corp. | |
| Fiserv, Inc. | |
| Boston Scientific Corp. | |
| Total |
Availability of Additional Information
You can find additional information about the Fund such as its prospectus, financial information, holdings, statement of additional information and proxy voting information at https://www.homesteadfunds.com/fund-literature/. You can also request this information free of charge by contacting us at 800.258.3030.
Semi-Annual Shareholder Report | June 30, 2024
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
| Fund | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Growth Fund | $ |
| * | |
Management's Discussion of Fund Performance
The Fund returned 21.78% for the six months ended June 30, 2024, outperforming its performance benchmark, the Russell 1000 Growth Index, which returned 20.70%. Broadly speaking, both security selection and sector allocation drove relative performance.
The consumer discretionary sector contributed significantly to relative results due to favorable security selection. Shares of Amazon.com traded higher during the period as the company’s ongoing improvement in retail operations and acceleration in its Amazon Web Services segment fueled investor optimism.
An underweight allocation to and favorable stock selection in the industrials and business services sector also aided relative performance. Howmet Aerospace is a supplier of highly engineered materials for use in aerospace, defense, automotive, and industrial end markets. Shares climbed higher during the period, supported by consecutive better-than-anticipated earnings releases that included consensus-topping revenue growth and margin expansion across most of the company’s business segments, despite facing headwinds in the aerospace end market.
An overweight allocation to the communication services sector further contributed to relative returns. We continue to find attractive opportunities in communication services companies with innovative business models that we believe can take advantage of transformational change, such as Meta Platforms, which posted double-digit returns during the period.
In contrast, the financials sector was a notable detractor from relative performance due to an overweight exposure and security selection. Our out-of-benchmark position in Global Payments, which we eliminated during the period, detracted. Shares of the electronic payments company fell in the wake of its relatively in-line quarterly results in May, driven by growing investor concerns over the company’s margin trajectory.
Unfavorable stock choices and an overweight allocation to the health care sector, including our significant position in UnitedHealth Group, also hindered relative returns. Shares traded lower as the company faced several headwinds in the first half of the year, including higher-than-expected medical costs, lower-than-expected initial Medicare Advantage rates for 2025, a federal antitrust investigation, and a data breach at one of its subsidiaries. We remain constructive on the Fund’s position in UnitedHealth Group as we believe its ability to provide durable growth is underappreciated by the market and view the company as well positioned, thanks, in part, to its leadership in the fast-growing Medicare Advantage market.
Fund Performance
The following graph compares the account values at June 30 of each of the most recent 10 years of a $10,000 initial investment in 1) the Fund, 2) a regulatory benchmark, and 3) a performance benchmark.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURNS | 1 Year | 5 Years | 10 Years |
| Regulatory Benchmark - S&P 500 Index | 24.56% | 15.05% | 12.86% |
Due to SEC rules on shareholder reporting, the Fund adopted a new broad-based securities market index, referred to as the regulatory benchmark. The Fund retained its previous benchmark as a secondary benchmark, referred to as the performance benchmark, because it more closely aligns with the Fund's investment strategy.
Key Fund Statistics
The following table reflects important key statistics as of June 30, 2024.
| Fund Net Assets | $ |
| Total Number of Portfolio Holdings | |
| Portfolio Turnover | |
Graphical Representation of Holdings
The tables below reflect the investment diversification and the top 10 holdings of the Fund, shown as a percentage of total investments of the Fund.
Sector Diversification
| Information technology | |
| Health care | |
| Communication services | |
| Consumer discretionary | |
| Financials | |
| Industrials | |
| Consumer staples | |
| Energy | |
| Short-term and other assets | |
| Total |
Top 10 Holdings
| Microsoft Corp. | |
| NVIDIA Corp. | |
| Amazon.com, Inc. | |
| Alphabet, Inc. | |
| Apple, Inc. | |
| Meta Platforms, Inc. | |
| Intuit, Inc. | |
| UnitedHealth Group, Inc. | |
| Mastercard Inc. | |
| Eli Lilly & Co. | |
| Total |
Availability of Additional Information
You can find additional information about the Fund such as its prospectus, financial information, holdings, statement of additional information and proxy voting information at https://www.homesteadfunds.com/fund-literature/. You can also request this information free of charge by contacting us at 800.258.3030.
Semi-Annual Shareholder Report | June 30, 2024
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
| Fund | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| International Equity Fund | $ |
| * | |
Management's Discussion of Fund Performance
The Fund returned 0.86% for the six months ended June 30, 2024, trailing its benchmark index, the MSCI EAFE Index, which returned 5.34%.
By sector, poor performing stocks in health care significantly detracted from the Fund’s relative returns. Within health care, Japanese biopharma holdings Chugai Pharmaceutical and Shionogi weighed on returns, with Shionogi disclosing that its candidate weight-loss drug showed less favorable results in clinical trials than currently available treatments, while Chugai shares sagged on a competitor’s potential drug to challenge the dominance of Hemlibra, Chugai’s hemophilia treatment. Genmab lagged on expense worries, although it reported progress on its cancer drugs in the pipeline. Not owning Novo Nordisk, the weight-loss drugmaker, hurt relative returns.
Our holdings in information technology also detracted from returns, despite strong performance from Taiwan Semiconductor, whose shares continued to soar on sustained demand for AI-related chips for NVIDIA and others. Dassault Systemes and Infineon Technologies were two of the portfolio’s top five detractors in the first half of 2024. Shares of Infineon clawed back some of this drop in the second quarter, and SAP also rose after the company provided more details about AI features coming to its enterprise management software and suggested cloud customer uptake is accelerating.
Viewed by geography, we had poor relative returns in Japan and Europe, both outside the eurozone and inside the eurozone. Strong performing stocks in Canada and the portfolio’s modest exposure to emerging markets, which are not held in the index, contributed to relative performance. In Japan conglomerate Sony, stood out as the biggest detractor following the release of its first-quarter results, which revealed PS5 console sales falling short of expectations despite a price reduction aimed at boosting sales. In Canada, financial services and insurance provider Manulife was a significant contributor.
Fund Performance
The following graph compares the account values at June 30 of each of the most recent 10 years of a $10,000 initial investment in the Fund and a broad-based securities market index.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURNS | 1 Year | 5 Years | 10 Years |
Performance information for the International Equity Fund reflects its performance as an actively managed fund subadvised by Mercator Asset Management through September 14, 2015, as a passively managed portfolio directed by SSGA Funds Management Inc. from September 15, 2015 to January 8, 2016, and after a transition, as an actively managed fund subadvised by Harding Loevner LP from January 15, 2016 to period-end.
To obtain the most recent month-end returns, please visit https://www.homesteadfunds.com/solutions/performance-prices/ or call 800.258.3030.
Key Fund Statistics
The following table reflects important key statistics as of June 30, 2024.
| Fund Net Assets | $ |
| Total Number of Portfolio Holdings | |
| Portfolio Turnover | |
Graphical Representation of Holdings
The tables below reflect the investment diversification and the top 10 holdings of the Fund, shown as a percentage of total investments of the Fund.
Country Diversification
| Japan | |
| Germany | |
| France | |
| Britain | |
| Sweden | |
| Switzerland | |
| Canada | |
| Singapore | |
| Denmark | |
| Spain | |
| Taiwan | |
| Australia | |
| United States of America | |
| Hong Kong | |
| Republic of South Korea | |
| Netherlands | |
| India | |
| China | |
| Russia | |
| Indonesia | |
| Short-term and other assets | |
| Total |
Top 10 Holdings
| Shell PLC | |
| Manulife Financial Corp. | |
| DBS Group Holdings Ltd. | |
| Schneider Electric SE | |
| Allianz SE REG | |
| Roche Holding AG REG | |
| Chugai Pharmaceutical Co., Ltd. | |
| SAP SE ADR | |
| Haleon PLC | |
| Banco Bilboa Vizcaya Argentaria SA | |
| Total |
Availability of Additional Information
You can find additional information about the Fund such as its prospectus, financial information, holdings, statement of additional information and proxy voting information at https://www.homesteadfunds.com/fund-literature/. You can also request this information free of charge by contacting us at 800.258.3030.
Semi-Annual Shareholder Report | June 30, 2024
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
| Fund | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Small-Company Stock Fund | $ |
| * | |
Management's Discussion of Fund Performance
The Fund returned 1.48% for the six months ended June 30, 2024, slightly underperforming its performance benchmark, the Russell 2000 Index, which returned 1.73%.
Negative stock selection, particularly in the consumer discretionary sector, was the primary driver of the Fund’s underperformance. Malibu Boats, Inc., manufacturer of recreational boats, and ARKO Corp., operators of convenience stores and wholesalers of fuel, were the worst detractors, as higher interest rates and inflation pressure weighed on certain areas of consumer spending. Malibu Boats, Inc. experienced a sharp revenue decline for its recreational powerboat products following several years of surging demand. ARKO Corp. saw deteriorating merchandise and fuel sales at its rural convenience stores.
Overweight sector allocations in information technology and industrials, coupled with strong selection in the latter, positively impacted the Fund’s returns. Comfort Systems USA, Inc., a leading mechanical and electrical engineering services provider, was the top performer – reporting continued strength in data center and semiconductor fabrication construction activity with record backlog levels. Medpace Holdings, Inc., a clinical research organization, delivered another strong quarter driven by market share gains and exposure to the fast-growing biotechnology segment, while significant profitability improvements boosted earnings growth.
Fund Performance
The following graph compares the account values at June 30 of each of the most recent 10 years of a $10,000 initial investment in 1) the Fund, 2) a regulatory benchmark, and 3) a performance benchmark.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURNS | 1 Year | 5 Years | 10 Years |
| Regulatory Benchmark - S&P 500 Index | 24.56% | 15.05% | 12.86% |
Due to SEC rules on shareholder reporting, the Fund adopted a new broad-based securities market index, referred to as the regulatory benchmark. The Fund retained its previous benchmark as a secondary benchmark, referred to as the performance benchmark, because it more closely aligns with the Fund's investment strategy.
Key Fund Statistics
The following table reflects important key statistics as of June 30, 2024.
| Fund Net Assets | $ |
| Total Number of Portfolio Holdings | |
| Portfolio Turnover | |
Graphical Representation of Holdings
The tables below reflect the investment diversification and the top 10 holdings of the Fund, shown as a percentage of total investments of the Fund.
Sector Diversification
| Industrials | |
| Information technology | |
| Health care | |
| Financials | |
| Energy | |
| Consumer discretionary | |
| Materials | |
| Real estate | |
| Short-term and other assets | |
| Total |
Top 10 Holdings
| Applied Industrial Technologies, Inc. | |
| Federal Signal Corp. | |
| Medpace Holdings, Inc. | |
| Integer Holdings Corp. | |
| Altair Engineering Inc. | |
| Comfort Systems USA, Inc. | |
| Summit Materials, Inc. | |
| Descartes Systems Group Inc. (The) | |
| Avient Corp. | |
| Atkore Inc. | |
| Total |
Availability of Additional Information
You can find additional information about the Fund such as its prospectus, financial information, holdings, statement of additional information and proxy voting information at https://www.homesteadfunds.com/fund-literature/. You can also request this information free of charge by contacting us at 800.258.3030.
