XML 122 R7.htm IDEA: XBRL DOCUMENT v3.22.1
Label Element Value
Risk Return Abstract rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName Homestead Funds, Inc.
Prospectus Date rr_ProspectusDate May 01, 2022
Growth Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading <span style="color:#39A872;font-family:Arial;font-size:22pt;">Growth Fund</span>
Objective [Heading] rr_ObjectiveHeading <span style="color:#39A872;font-family:Arial;font-size:10pt;font-weight:bold;">Investment Objective</span>
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Growth Fund is a stock fund that seeks to provide long-term capital appreciation through investments in common stocks of growth companies.
Expense [Heading] rr_ExpenseHeading <span style="color:#39A872;font-family:Arial;font-size:10pt;font-weight:bold;">Fees and Expenses</span>
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The table describes the fees and expenses you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption <span style="color:#39A872;font-family:Arial;font-size:9pt;font-weight:bold;">Shareholder Fees </span><span style="color:#39A872;font-family:Arial;font-size:9pt;">(fees paid directly from your investment)</span>
Operating Expenses Caption [Text] rr_OperatingExpensesCaption <span style="color:#39A872;font-family:Arial;font-size:9pt;font-weight:bold;">Annual Fund Operating Expenses </span><span style="color:#39A872;font-family:Arial;font-size:9pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading <span style="color:#39A872;font-family:Arial;font-size:9pt;font-weight:bold;">Portfolio Turnover</span>
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 26% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 26.00%
Expense Example [Heading] rr_ExpenseExampleHeading <span style="color:#39A872;font-family:Arial;font-size:10pt;font-weight:bold;">Expense Example</span>
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example is intended to help you compare the cost of investing in the Fund to the cost of investing in other mutual funds. The example assumes you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Strategy [Heading] rr_StrategyHeading <span style="color:#39A872;font-family:Arial;font-size:10pt;font-weight:bold;">Principal Investment Strategies</span>
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund normally will invest at least 80% of net assets (including any borrowings for investment purposes) in the common stocks of large companies. A large company is defined as one whose market capitalization is larger than the median market capitalization of companies in the Russell 1000 Growth Index (“Russell Index”), a widely used benchmark of the largest domestic growth stocks ranging from $364.74 million to $2.85 trillion in capitalization as of March 31, 2022. The median market capitalization as of March 31, 2022, was approximately $309.31 billion, and is subject to change. The market capitalization of the companies in the Fund’s portfolio and the Russell Index will change over time. The Fund may continue to hold securities of a portfolio company that subsequently depreciates below the large-capitalization threshold. Because of this, the Fund may have less than 80% of its net assets in equity securities of large-capitalization companies at any given time. The Fund will not cease to purchase stock of a company it already owns just because the company’s market capitalization falls below this level. The Fund may at times invest significantly in certain sectors, such as the information technology sector.The approach of the Fund’s subadviser, T. Rowe Price Associates, Inc. (“T. Rowe Price”), generally is to look for companies with what it expects to have an above-average rate of earnings and cash flow growth and a lucrative niche in the economy that gives them the ability to sustain earnings momentum even during times of slow economic growth.As a growth investor, T. Rowe Price believes that when a company increases its earnings faster than both inflation and the overall economy, the market will eventually reward it with a higher stock price.The Fund may sell securities for a variety of reasons, including to realize gains, limit losses, or redeploy assets into more promising opportunities.While most of the Fund’s assets typically will be invested in U.S. common stocks, the Fund may invest in foreign stocks in keeping with its investment objective.
Risk [Heading] rr_RiskHeading <span style="color:#39A872;font-family:Arial;font-size:10pt;font-weight:bold;">Principal Risks</span>
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock As with all investments, you may lose money by investing in the Fund. The value of your investment in the Fund may be affected by one or more of the following risks, which are described in more detail in “Description of Fund Risks” in the Prospectus. The significance of any specific risk to an investment in the Fund will vary over time, depending on the composition of the Fund, market conditions and other factors. You should read all of the risk information presented below carefully, because any one or combination of these risks could adversely affect the Fund's return, the price of the Fund's shares or the Fund's yield.Market Risk The risk that markets will perform poorly or that the returns from the securities in which the Fund invests will underperform returns from the general securities markets or other types of investments. Markets may experience periods of high volatility and reduced liquidity in response to governmental actions or intervention, political, economic or market developments, or other external factors, such as outbreaks of infectious illnesses or other widespread public health issues and outbreaks of war or sanctions in response to military incursions. During those periods, the Fund may experience high levels of shareholder redemptions, and may have to sell securities at times when the Fund would otherwise not do so, and potentially at unfavorable prices. Certain securities may be difficult to value during such periods. These risks may be heightened for fixed income securities in low interest rate environments.Equity Securities Risk Equity securities generally have greater price volatility than fixed-income securities. The market price of equity securities owned by the Fund may go up or down, sometimes rapidly or unpredictably. Equity securities may decline in value due to factors affecting the issuer, equity securities markets generally, particular industries represented in those markets or the issuer itself.Growth Style Risk The risk that returns on stocks within the growth style in which the Fund invests will trail returns of stocks representing other styles or the market overall over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. Growth stocks can be volatile, as these companies usually invest a high portion of earnings in their business and therefore may lack the dividends of value stocks that can cushion stock prices in a falling market. Also, earnings disappointments often lead to sharply falling prices because investors buy growth stocks in anticipation of superior earnings growth.Market Capitalization Risk Investing primarily in issuers within the same market capitalization category carries the risk that the category may be out of favor due to current market conditions or investor sentiment. Securities issued by large-cap companies tend to be less volatile than securities issued by smaller companies. However, larger companies may not be able to attain the high growth rates of successful smaller companies, especially during strong economic periods, and may be unable to respond as quickly to competitive challenges.Foreign Risk Foreign securities are subject to political, regulatory, and economic risks not present in domestic investments and may exhibit more extreme changes in value than securities of U.S. companies. The securities markets of many foreign countries are relatively small, with a limited number of companies representing a small number of industries. In addition, foreign companies often are not subject to the same degree of regulation as U.S. companies. Reporting, legal, accounting and auditing standards of foreign countries differ, in some cases significantly, from U.S. standards. Nationalization, expropriation or confiscatory taxation, currency blockage, political changes or diplomatic developments could adversely affect the Fund’s investments in a foreign country. In the event of nationalization, expropriation or other confiscation, the Fund could lose its entire investment. Investments in emerging market countries are likely to involve significant risks. These countries are generally more likely to experience political and economic instability.Focused Investment Risk A fund that invests a substantial portion of its assets in a particular market, industry, sector, group of industries or sectors, country, region, group of countries or asset class is subject to greater risk than a fund that invests in a more diverse investment portfolio. In addition, the value of such a fund is more susceptible to any single economic, market, political or regulatory or other occurrence affecting, for example, the particular markets, industries, regions, sectors or asset classes in which the fund is invested. This is because, for example, issuers in a particular market, industry, region, sector or asset class may react similarly to specific economic, market, regulatory, political or other developments. The particular markets, industries, regions, sectors or asset classes in which the Fund may focus its investments may change over time and the Fund may alter its focus at inopportune times. For example, the Fund may have a significant portion of its assets invested in securities of companies in the information technology sector. Companies in the information technology sector can be adversely affected by, among other things, intense competition, earnings disappointments, and rapid obsolescence of products and services due to technological innovations or changing consumer preferences.Issuer Risk The risk that the value of a security may decline because of adverse events or circumstances that directly relate to the issuer.Manager Risk  The risk that the subadviser's decisions, including security selection, will cause the Fund to underperform relative to the Fund’s peers. There can be no assurance that the subadviser’s investment techniques and decisions will produce the desired results. The Fund’s ability to achieve its investment objective is dependent upon the subadviser’s ability to identify profitable investment opportunities for the Fund. The past experience of the portfolio manager(s), including with other strategies and funds, does not guarantee future results for the Fund.
Risk Lose Money [Text] rr_RiskLoseMoney <span style="color:#000000;font-family:Arial;font-size:9pt;">As with all investments, you may lose money by investing in the Fund.</span>
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading <span style="color:#39A872;font-family:Arial;font-size:10pt;font-weight:bold;">Performance</span>
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows the changes in the Fund’s performance from year to year. The table shows how the Fund’s average annual returns for 1, 5 and 10 years compared with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost by visiting homesteadfunds.com or by calling 800.258.3030.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns <span style="color:#000000;font-family:Arial;font-size:9pt;">The following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows the changes in the Fund’s performance from year to year. The table shows how the Fund’s average annual returns for 1, 5 and 10 years compared with those of a broad measure of </span><span style="color:#000000;font-family:Arial;font-size:9pt;">market performance. </span>
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone <span style="color:#000000;font-family:Arial;font-size:9pt;font-style:italic;">800.258.3030</span>
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress <span style="color:#000000;font-family:Arial;font-size:9pt;font-style:italic;">homesteadfunds.com</span>
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture <span style="color:#000000;font-family:Arial;font-size:9pt;"> The Fund’s past performance (before </span><span style="color:#000000;font-family:Arial;font-size:9pt;">and after taxes) is not necessarily an indication of how the Fund will perform in the future. </span>
Bar Chart [Heading] rr_BarChartHeading <span style="color:#39A872;font-family:Arial;font-size:9pt;font-weight:bold;">Calendar Year Total Returns</span>
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock During the periods shown in the chart, the Fund’s best and worst quarters were as follows:Best Quarter:Q2 2020 | 29.11%Worst Quarter:Q1 2020 | -13.92%
Performance Table Heading rr_PerformanceTableHeading <span style="color:#39A872;font-family:Arial;font-size:9pt;font-weight:bold;">Average Annual Total Returns</span><span style="color:#39A872;font-family:Arial;font-size:9pt;"> periods ended 12/31/21</span>
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate <span style="color:#000000;font-family:Arial;font-size:9pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. </span>
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred <span style="color:#000000;font-family:Arial;font-size:9pt;"> Actual after-tax </span><span style="color:#000000;font-family:Arial;font-size:9pt;">returns depend on the investor’s tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their Fund shares through tax-advantaged arrangements, such as IRAs or employer-sponsored retirement plans.</span>
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their Fund shares through tax-advantaged arrangements, such as IRAs or employer-sponsored retirement plans.
Growth Fund | Growth Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Sales Charge on Purchases rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Deferred Sales Charge on Redemptions rr_MaximumDeferredSalesChargeOverOther none
Sales Charge on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee rr_RedemptionFeeOverRedemption none
Exchange Fee rr_ExchangeFeeOverRedemption none
Management Fees rr_ManagementFeesOverAssets 0.63%
Other Expenses rr_OtherExpensesOverAssets 0.21%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.84%
1 YR rr_ExpenseExampleYear01 $ 86
3 YR rr_ExpenseExampleYear03 268
5 YR rr_ExpenseExampleYear05 466
10 YR rr_ExpenseExampleYear10 $ 1,037
2012 rr_AnnualReturn2012 17.57%
2013 rr_AnnualReturn2013 43.40%
2014 rr_AnnualReturn2014 8.38%
2015 rr_AnnualReturn2015 9.43%
2016 rr_AnnualReturn2016 2.54%
2017 rr_AnnualReturn2017 37.68%
2018 rr_AnnualReturn2018 3.96%
2019 rr_AnnualReturn2019 28.36%
2020 rr_AnnualReturn2020 38.65%
2021 rr_AnnualReturn2021 17.13%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel <span style="font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Best Quarter:</span>
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2020
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 29.11%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel <span style="font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Worst Quarter:</span>
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Mar. 31, 2020
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (13.92%)
1 YR rr_AverageAnnualReturnYear01 17.13%
5 YR rr_AverageAnnualReturnYear05 24.44%
10 YR rr_AverageAnnualReturnYear10 19.85%
Growth Fund | Returns after taxes on distributions | Growth Fund  
Risk Return Abstract rr_RiskReturnAbstract  
1 YR rr_AverageAnnualReturnYear01 14.51%
5 YR rr_AverageAnnualReturnYear05 22.23%
10 YR rr_AverageAnnualReturnYear10 18.08%
Growth Fund | Returns after taxes on distributions and sale of fund shares | Growth Fund  
Risk Return Abstract rr_RiskReturnAbstract  
1 YR rr_AverageAnnualReturnYear01 11.58%
5 YR rr_AverageAnnualReturnYear05 19.50%
10 YR rr_AverageAnnualReturnYear10 16.40%
Growth Fund | Russell 1000 Growth Index (reflects no deduction for fees, expenses, or taxes)  
Risk Return Abstract rr_RiskReturnAbstract  
1 YR rr_AverageAnnualReturnYear01 27.60%
5 YR rr_AverageAnnualReturnYear05 25.32%
10 YR rr_AverageAnnualReturnYear10 19.79%