HOSBX: Homestead Short-Term Bond

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HOSBX Homestead Short-Term Bond

  • Fund
  • HOSBX
  • Price as of: Dec 04, 2019
  • $5.28
    - $0.00 - 0.00%

Profile

HOSBX - Profile

Vitals

  • YTD Return 2.1%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $556 M
  • Holdings in Top 10 38.5%

52 WEEK LOW AND HIGH

$5.28
$5.17
$5.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.77%

SALES FEES

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

BROKERAGE FEES

  • Turnover 39.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $500
  • IRA $200

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.02%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Homestead Funds Short Term Bond Fund
  • Fund Family Name
    Homestead
  • Inception Date
    Nov 05, 1991
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mauricio Agudelo

Fund Description

The fund normally invests at least 80% of its net assets (plus borrowing for investment purposes) in fixed-income securities that are in the three highest credit categories as ranked by a NRSRO. These investments may include: commercial paper; corporate bonds; U.S. Treasury securities; securities issued or guaranteed by U.S. government entities, agencies or instrumentalities; municipal bonds; U.S. dollar-denominated debt securities of foreign issuers; and asset-backed and mortgage-backed securities.


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Categories

Performance

HOSBX - Performance

Return Ranking - Trailing

Period HOSBX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -6.6% 6.5% 40.67%
1 Yr 2.1% -8.9% 6.5% 60.69%
3 Yr 0.5%* -3.8% 4.8% 43.80%
5 Yr 0.2%* -20.5% 3.8% 36.52%
10 Yr 0.3%* -10.2% 4.3% 43.37%

* Annualized

Return Ranking - Calendar

Period HOSBX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.4% -4.1% 1.0% 18.55%
2017 0.0% -0.7% 2.8% 46.22%
2016 0.2% -65.8% 7.1% 60.87%
2015 -1.0% -7.0% 3.0% 23.42%
2014 0.2% -6.9% 3.2% 6.73%

Total Return Ranking - Trailing

Period HOSBX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -6.6% 6.5% 44.67%
1 Yr 2.2% -8.9% 6.5% 68.28%
3 Yr 0.5%* -3.8% 4.8% 48.76%
5 Yr 0.2%* -18.8% 3.8% 46.96%
10 Yr 0.3%* -8.5% 4.3% 53.01%

* Annualized

Total Return Ranking - Calendar

Period HOSBX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.3% -4.1% 3.2% 29.03%
2017 0.0% -0.7% 4.7% 55.46%
2016 0.2% -65.2% 8.4% 54.78%
2015 -1.0% -7.0% 3.1% 34.23%
2014 0.2% -6.9% 3.6% 20.19%

NAV & Total Return History


Holdings

HOSBX - Holdings

Concentration Analysis

HOSBX Category Low Category High HOSBX % Rank
Net Assets 556 M 272 K 61.3 B 58.33%
Number of Holdings 273 7 2023 69.03%
Net Assets in Top 10 219 M -5.43 M 6.25 B 43.87%
Weighting of Top 10 38.52% 6.2% 124.0% 27.10%

Top 10 Holdings

  1. United States Treasury Notes 2.25% 9.61%
  2. United States Treasury Notes 2.12% 9.43%
  3. United States Treasury Notes 2.62% 5.38%
  4. United States Treasury Notes 2.25% 3.02%
  5. United States Treasury Notes 2.12% 2.16%
  6. United States Treasury Notes 1.62% 2.15%
  7. United States Treasury Notes 2% 2.04%
  8. Federal Home Loan Banks 2.55% 1.78%
  9. United States Treasury Notes 2.25% 1.56%
  10. United States Treasury Notes 2% 1.39%

Asset Allocation

Weighting Return Low Return High HOSBX % Rank
Bonds
91.93% 22.39% 153.66% 68.39%
Cash
6.09% -62.99% 77.61% 34.19%
Convertible Bonds
1.97% 0.00% 12.38% 34.19%
Stocks
0.00% -0.45% 7.80% 40.00%
Preferred Stocks
0.00% 0.00% 36.74% 38.71%
Other
0.00% -1.14% 13.35% 38.06%

Bond Sector Breakdown

Weighting Return Low Return High HOSBX % Rank
Government
43.23% -11.82% 77.57% 7.74%
Corporate
30.58% 3.16% 104.45% 70.97%
Securitized
15.48% 0.00% 66.51% 76.13%
Cash & Equivalents
6.09% -62.94% 77.61% 32.26%
Municipal
4.61% 0.00% 13.01% 1.94%
Derivative
0.00% -0.18% 26.12% 40.00%

Bond Geographic Breakdown

Weighting Return Low Return High HOSBX % Rank
US
86.32% 0.00% 143.98% 21.94%
Non US
5.61% 0.00% 80.83% 85.81%

Expenses

HOSBX - Expenses

Operational Fees

HOSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.02% 83.41% 65.99%
Management Fee 0.60% 0.00% 1.19% 80.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.41% N/A

Sales Fees

HOSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

HOSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

HOSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.00% 0.00% 573.00% 23.29%

Distributions

HOSBX - Distributions

Dividend Yield Analysis

HOSBX Category Low Category High HOSBX % Rank
Dividend Yield 0.73% 0.00% 3.24% 73.72%

Dividend Distribution Analysis

HOSBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

HOSBX Category Low Category High HOSBX % Rank
Net Income Ratio 2.02% -2.82% 3.78% 71.43%

Capital Gain Distribution Analysis

HOSBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

HOSBX - Fund Manager Analysis

Managers

Mauricio Agudelo


Start Date

Tenure

Tenure Rank

May 01, 2016

3.5

3.5%

Mauricio co-manages RE Advisers' fixed-income strategies. He joined RE Advisers in 2016. Prior to this role, he co-managed taxable fixed-income mutual fund portfolios for Calvert Investment Management, Inc. and held previous positions at Calvert in trading and securities analysis. Prior to joining Calvert, Mr. Agudelo completed internships at the United States Department of Agriculture in 2002 and 2003. He received a B.S. in finance from the University of Maryland,Robert H. Smith School of Business. He Minored in business culture and language, with a concentration in Spanish. He holds the Chartered Financial Analyst designation.

Ivan Naranjo


Start Date

Tenure

Tenure Rank

Nov 26, 2018

0.93

0.9%

Mr. Naranjo is a Fixed Income Portfolio Manager for RE Advisers. He was a senior fixed income trader at American Century Investments from 2016 to 2018, a senior investment risk analyst at Legg Mason & Co., LLC from 2015 to 2016, and an associate portfolio manager at Calvert Investment Management, LLC from 2010 to 2015, where he held different responsibilities including portfolio construction, securities analysis, trading, and risk monitoring for a number of taxable fixed income mutual fund portfolios. He received a B.S. in finance from the University of Maryland, Robert H. Smith School of Business. He joined RE Advisers in 2018.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 23.42 5.11 2.75