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HDIXX Homestead Daily Income

  • Fund
  • HDIXX
  • Price as of: May 21, 2019
  • $1.00 - $0.00 - 0.00%
  • Category
  • Money Market

HDIXX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $166 M
  • Holdings in Top 10 34.8%

52 WEEK LOW AND HIGH

$1.00
$1.00
$1.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.74%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$500

IRA

$200

Investment Themes

CATEGORY

Money Market
  • Fund Type Money Market Fund
  • Investment Style Money Market - Taxable

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.07%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Homestead Funds Daily Income Fund
  • Fund Family Name Homestead
  • Inception Date Nov 19, 1990
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Marc Johnston

Fund Description

The fund invests at least 99.5% of its total assets in cash, U.S. government securities, and/or repurchase agreements that are fully collateralized in accordance with Rule 2a-7 of the Investment Company Act of 1940, as amended ("Rule 2a-7"). It may include in this 99.5% test other money market funds that qualify as government money market funds under Rule 2a-7 ("government money market funds").

HDIXX - Performance

Return Ranking - Trailing

Period HDIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 2.6% 70.95%
1 Yr 0.0% 0.0% 3.4% 70.76%
3 Yr 0.0%* -0.8% 0.0% 70.38%
5 Yr 0.0%* -37.0% 0.1% 70.46%
10 Yr N/A* -20.6% 0.6% N/A

* Annualized


Return Ranking - Calendar

Period HDIXX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% -1.4% 0.0% 70.48%
2017 0.0% 0.0% 2.1% 70.82%
2016 0.0% -90.1% 0.0% 70.19%
2015 0.0% 0.0% 0.4% 70.71%
2014 0.0% 0.0% 3.1% 71.15%

Total Return Ranking - Trailing

Period HDIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 2.6% 70.95%
1 Yr 0.0% 0.0% 3.4% 70.76%
3 Yr 0.0%* -0.8% 0.0% 70.38%
5 Yr 0.0%* -37.0% 0.1% 70.46%
10 Yr N/A* -20.6% 0.6% N/A

* Annualized


Total Return Ranking - Calendar

Period HDIXX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% -1.4% 0.0% 70.48%
2017 0.0% 0.0% 2.1% 70.82%
2016 0.0% -90.1% 0.0% 70.19%
2015 0.0% 0.0% 0.4% 70.71%
2014 0.0% 0.0% 3.1% 71.15%

NAV & Total Return History

HDIXX - Holdings

Concentration Analysis

HDIXX Category Low Category High HDIXX % Rank
Net Assets 166 M 5.09 M 164 B 90.50%
Number of Holdings 47 1 1055 69.53%
Net Assets in Top 10 57.1 M 2.07 M 98.1 B 93.02%
Weighting of Top 10 34.81% 8.9% 244.3% 61.74%

Top 10 Holdings

  1. State Street Institutional U.S. Government Money Market Fund, Premier Class 5.62%

  2. Federal Home Loan Banks 2.35% 3.95%

  3. Federal Home Loan Banks 2.26% 3.35%

  4. United States Treasury Notes 1.25% 3.35%

  5. United States Treasury Notes 1% 3.34%

  6. United States Treasury Bills 2.21% 3.05%

  7. Federal National Mortgage Association 2.24% 3.04%

  8. Federal Home Loan Banks 2.29% 3.04%

  9. United States Treasury Notes 0.75% 3.04%

  10. Federal Home Loan Banks 2.32% 3.04%


Asset Allocation

Weighting Return Low Return High HDIXX % Rank
Cash
98.13% 0.00% 102.14% 6.31%
Bonds
1.87% 0.00% 110.26% 92.48%
Stocks
0.00% 0.00% 3.27% 73.02%
Preferred Stocks
0.00% 0.00% 0.00% 71.14%
Other
0.00% -10.26% 100.00% 67.25%
Convertible Bonds
0.00% 0.00% 1.74% 72.48%

Bond Sector Breakdown

Weighting Return Low Return High HDIXX % Rank
Cash & Equivalents
98.13% 0.00% 102.14% 6.44%
Government
1.87% 0.00% 110.26% 52.48%
Derivative
0.00% 0.00% 0.51% 71.28%
Securitized
0.00% 0.00% 30.46% 75.97%
Corporate
0.00% 0.00% 21.70% 82.68%
Municipal
0.00% 0.00% 99.57% 81.48%

Bond Geographic Breakdown

Weighting Return Low Return High HDIXX % Rank
US
1.87% 0.00% 110.26% 91.81%
Non US
0.00% 0.00% 30.26% 77.72%

HDIXX - Expenses

Operational Fees

HDIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.74% 0.00% 2.80% 22.22%
Management Fee 0.50% 0.05% 0.57% 99.06%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

HDIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HDIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HDIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 235.00% 65.00%

HDIXX - Distributions

Dividend Yield Analysis

HDIXX Category Low Category High HDIXX % Rank
Dividend Yield 0.44% 0.00% 0.86% 31.33%

Dividend Distribution Analysis

HDIXX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

HDIXX Category Low Category High HDIXX % Rank
Net Income Ratio 1.07% 0.00% 2.42% 49.80%

Capital Gain Distribution Analysis

HDIXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

HDIXX - Managers

Marc Johnston

Manager

Start Date

Tenure

Tenure Rank

May 01, 2015

4.0

4.0%

Marc Johnston, CAIASM, is a Money Market Portfolio Manager for RE Advisers. Before becoming a Money Market Portfolio Manager, he was a Fixed Income Analyst with NRECA and RE Advisers. Mr. Johnston holds a BA in General Arts from Villanova University and an MBA from Northeastern University, and he holds the CAIASM (Chartered Alternative Investment Analyst), CFP® (Certified Financial PlannerTM) and ChFC® (Chartered Financial Consultant®) designations. He has been with RE Advisers since 2013, and with NRECA since 2001.


Tenure Analysis

Category Low

0.16

Category High

43.59

Category Average

14.05

Category Mode

13.19