Short-Term Government Securities Fund
Fund
HOSGX
Price as of:
$4.98
+ $0.01
+ 0.20%
Primary Theme
fund company
Name
As of 11/04/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
2.7%
1 yr return
4.9%
3 Yr Avg Return
0.4%
5 Yr Avg Return
0.9%
Net Assets
$56.6 M
Holdings in Top 10
52.3%
52 WEEK LOW AND HIGH
$5.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.84%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 155.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500
IRA
$200
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/04/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
HOSGX - Profile
Distributions
- YTD Total Return 2.7%
- 3 Yr Annualized Total Return 0.4%
- 5 Yr Annualized Total Return 0.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.32%
- Dividend Yield 3.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameShort-Term Government Securities Fund
-
Fund Family NameHomestead Funds
-
Inception DateJun 29, 1998
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMauricio Agudelo
Fund Description
The Fund normally invests at least 80% of its net assets (plus borrowing for investment purposes) in fixed-income securities whose principal and interest payments are guaranteed by the U.S. Government. These investments may include:
•
U.S. Treasury securities
•
securities issued by U.S. Government agencies and instrumentalities
•
other securities whose principal and interest payments are guaranteed by the U.S. Government.
In addition, the dollar-weighted average portfolio maturity of the Fund, under normal circumstances, is expected to be three years or less.
The Fund may also invest in other types of securities, including municipal bonds, mortgage pass-through securities, collateralized mortgage obligations (“CMOs”), commercial paper, asset-backed securities, corporate bonds and money market securities.
In selecting the portfolio holdings for the Fund, Homestead Advisers considers, among other factors, its outlook for the economy, monetary policy, interest rates and, to a lesser extent, credit spreads.
HOSGX - Performance
Return Ranking - Trailing
| Period | HOSGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -0.1% | 6.6% | 65.82% |
| 1 Yr | 4.9% | 3.6% | 8.8% | 65.82% |
| 3 Yr | 0.4%* | -2.3% | 2.7% | 44.87% |
| 5 Yr | 0.9%* | -0.9% | 1.9% | 41.89% |
| 10 Yr | 1.1%* | -0.2% | 1.6% | 32.81% |
* Annualized
Return Ranking - Calendar
| Period | HOSGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.1% | -1.6% | 4.4% | 8.86% |
| 2022 | -6.5% | -10.4% | -1.0% | 48.72% |
| 2021 | -1.5% | -6.4% | -0.2% | 26.92% |
| 2020 | 1.5% | -1.8% | 4.9% | 70.27% |
| 2019 | 1.4% | -1.4% | 3.3% | 31.94% |
Total Return Ranking - Trailing
| Period | HOSGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -0.1% | 6.6% | 65.82% |
| 1 Yr | 4.9% | 3.6% | 8.8% | 65.82% |
| 3 Yr | 0.4%* | -2.3% | 2.7% | 44.87% |
| 5 Yr | 0.9%* | -0.9% | 1.9% | 41.89% |
| 10 Yr | 1.1%* | -0.2% | 1.6% | 32.81% |
* Annualized
Total Return Ranking - Calendar
| Period | HOSGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.8% | 2.4% | 6.2% | 20.25% |
| 2022 | -5.5% | -9.3% | 0.2% | 64.10% |
| 2021 | -1.2% | -3.1% | 0.1% | 48.72% |
| 2020 | 4.3% | 0.4% | 6.0% | 17.57% |
| 2019 | 3.4% | 1.1% | 5.5% | 54.17% |
NAV & Total Return History
HOSGX - Holdings
Concentration Analysis
| HOSGX | Category Low | Category High | HOSGX % Rank | |
|---|---|---|---|---|
| Net Assets | 56.6 M | 11.1 M | 24.8 B | 89.87% |
| Number of Holdings | 98 | 7 | 1024 | 75.95% |
| Net Assets in Top 10 | 29.5 M | 1.76 M | 6.85 B | 88.61% |
| Weighting of Top 10 | 52.28% | 15.6% | 100.0% | 30.38% |
Top 10 Holdings
- U.S. Treasury Notes 19.14%
- U.S. Treasury Notes 10.74%
- U.S. Treasury Notes 6.74%
- Government National Mortgage Association 2.45%
- Reliance Industries Ltd 2.39%
- Ginnie Mae II Pool 2.26%
- State Street Institutional US Government Money Market Fund 2.21%
- United States International Development Finance Corp 2.15%
- Government National Mortgage Association 2.13%
- United States International Development Finance Corp 2.07%
Asset Allocation
| Weighting | Return Low | Return High | HOSGX % Rank | |
|---|---|---|---|---|
| Bonds | 93.94% | 70.16% | 127.20% | 75.95% |
| Other | 3.70% | -25.01% | 30.75% | 20.25% |
| Cash | 2.37% | 0.00% | 23.11% | 35.44% |
| Stocks | 0.00% | 0.00% | 1.65% | 73.42% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 69.62% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 69.23% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | HOSGX % Rank | |
|---|---|---|---|---|
| Government | 55.44% | 0.00% | 99.96% | 42.31% |
| Corporate | 34.19% | 0.00% | 34.19% | 1.28% |
| Securitized | 9.10% | 0.00% | 100.00% | 76.92% |
| Cash & Equivalents | 2.21% | 0.00% | 23.11% | 34.18% |
| Municipal | 0.40% | 0.00% | 6.22% | 11.54% |
| Derivative | 0.00% | -0.95% | 11.49% | 55.70% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | HOSGX % Rank | |
|---|---|---|---|---|
| US | 93.94% | 70.16% | 127.20% | 75.95% |
| Non US | 0.00% | 0.00% | 0.00% | 69.62% |
HOSGX - Expenses
Operational Fees
| HOSGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.84% | 0.03% | 2.91% | 43.04% |
| Management Fee | 0.45% | 0.03% | 0.80% | 74.36% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.10% | 0.45% | N/A |
Sales Fees
| HOSGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.50% | 4.75% | N/A |
| Deferred Load | N/A | 0.50% | 1.00% | N/A |
Trading Fees
| HOSGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 0.25% | 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.
| HOSGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 155.00% | 0.00% | 466.00% | 54.10% |
HOSGX - Distributions
Dividend Yield Analysis
| HOSGX | Category Low | Category High | HOSGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.33% | 0.00% | 5.67% | 75.95% |
Dividend Distribution Analysis
| HOSGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| HOSGX | Category Low | Category High | HOSGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.32% | -0.78% | 3.29% | 68.42% |
Capital Gain Distribution Analysis
| HOSGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.014 | OrdinaryDividend |
| Aug 30, 2024 | $0.014 | OrdinaryDividend |
| Jul 31, 2024 | $0.015 | OrdinaryDividend |
| Apr 30, 2024 | $0.014 | OrdinaryDividend |
| Mar 28, 2024 | $0.013 | OrdinaryDividend |
| Feb 29, 2024 | $0.012 | OrdinaryDividend |
| Jan 31, 2024 | $0.012 | OrdinaryDividend |
| Dec 29, 2023 | $0.012 | OrdinaryDividend |
| Nov 30, 2023 | $0.012 | OrdinaryDividend |
| Oct 31, 2023 | $0.012 | OrdinaryDividend |
| Sep 29, 2023 | $0.011 | OrdinaryDividend |
| Aug 31, 2023 | $0.012 | OrdinaryDividend |
| Jul 31, 2023 | $0.011 | OrdinaryDividend |
| Jun 30, 2023 | $0.010 | OrdinaryDividend |
| May 31, 2023 | $0.009 | OrdinaryDividend |
| Apr 28, 2023 | $0.010 | OrdinaryDividend |
| Mar 31, 2023 | $0.010 | OrdinaryDividend |
| Feb 28, 2023 | $0.008 | OrdinaryDividend |
| Jan 31, 2023 | $0.008 | OrdinaryDividend |
| Dec 31, 2022 | $0.007 | OrdinaryDividend |
| Nov 30, 2022 | $0.007 | OrdinaryDividend |
| Oct 31, 2022 | $0.007 | OrdinaryDividend |
| Sep 30, 2022 | $0.006 | OrdinaryDividend |
| Aug 31, 2022 | $0.006 | OrdinaryDividend |
| Jul 29, 2022 | $0.005 | OrdinaryDividend |
| Jun 30, 2022 | $0.004 | OrdinaryDividend |
| May 31, 2022 | $0.005 | OrdinaryDividend |
| Apr 29, 2022 | $0.004 | OrdinaryDividend |
| Mar 31, 2022 | $0.003 | OrdinaryDividend |
| Feb 28, 2022 | $0.002 | OrdinaryDividend |
| Jan 31, 2022 | $0.002 | OrdinaryDividend |
| Dec 31, 2021 | $0.002 | OrdinaryDividend |
| Nov 30, 2021 | $0.002 | OrdinaryDividend |
| Oct 29, 2021 | $0.001 | OrdinaryDividend |
| Sep 30, 2021 | $0.001 | OrdinaryDividend |
| Aug 31, 2021 | $0.001 | OrdinaryDividend |
| Jul 30, 2021 | $0.001 | OrdinaryDividend |
| Jun 30, 2021 | $0.001 | OrdinaryDividend |
| May 28, 2021 | $0.001 | OrdinaryDividend |
| Apr 30, 2021 | $0.001 | OrdinaryDividend |
| Mar 31, 2021 | $0.001 | OrdinaryDividend |
| Feb 26, 2021 | $0.002 | OrdinaryDividend |
| Jan 29, 2021 | $0.001 | OrdinaryDividend |
| Dec 31, 2020 | $0.001 | OrdinaryDividend |
| Dec 17, 2020 | $0.071 | CapitalGainShortTerm |
| Dec 17, 2020 | $0.029 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.002 | OrdinaryDividend |
| Oct 30, 2020 | $0.001 | OrdinaryDividend |
| Sep 30, 2020 | $0.002 | OrdinaryDividend |
| Aug 31, 2020 | $0.001 | OrdinaryDividend |
| Jul 31, 2020 | $0.002 | OrdinaryDividend |
| Jun 30, 2020 | $0.003 | CapitalGainShortTerm |
| Jun 30, 2020 | $0.002 | OrdinaryDividend |
| May 29, 2020 | $0.004 | OrdinaryDividend |
| Apr 30, 2020 | $0.002 | OrdinaryDividend |
| Mar 31, 2020 | $0.003 | OrdinaryDividend |
| Feb 28, 2020 | $0.005 | OrdinaryDividend |
| Jan 31, 2020 | $0.006 | OrdinaryDividend |
| Dec 31, 2019 | $0.006 | OrdinaryDividend |
| Dec 18, 2019 | $0.023 | CapitalGainShortTerm |
| Nov 29, 2019 | $0.006 | OrdinaryDividend |
| Oct 31, 2019 | $0.006 | OrdinaryDividend |
| Sep 30, 2019 | $0.006 | OrdinaryDividend |
| Aug 30, 2019 | $0.006 | OrdinaryDividend |
| Jul 31, 2019 | $0.007 | OrdinaryDividend |
| Jun 29, 2018 | $0.001 | CapitalGainLongTerm |
| Dec 18, 2017 | $0.001 | CapitalGainShortTerm |
| Dec 18, 2017 | $0.000 | CapitalGainLongTerm |
| Dec 30, 2016 | $0.000 | CapitalGainShortTerm |
| Dec 30, 2016 | $0.001 | CapitalGainLongTerm |
| Dec 31, 2015 | $0.000 | CapitalGainShortTerm |
| Dec 31, 2015 | $0.000 | CapitalGainLongTerm |
| Dec 31, 2014 | $0.000 | CapitalGainShortTerm |
| Dec 31, 2014 | $0.000 | CapitalGainLongTerm |
| Dec 31, 2013 | $0.000 | CapitalGainShortTerm |
| Dec 31, 2013 | $0.001 | CapitalGainLongTerm |
| Dec 31, 2012 | $0.002 | CapitalGainShortTerm |
| Dec 31, 2012 | $0.004 | CapitalGainLongTerm |
| Jan 03, 2011 | $0.003 | CapitalGainLongTerm |
| Jan 04, 2010 | $0.014 | CapitalGainShortTerm |
| Jan 04, 2010 | $0.000 | CapitalGainLongTerm |
| Jan 02, 2009 | $0.007 | CapitalGainShortTerm |
| Jan 02, 2009 | $0.005 | CapitalGainLongTerm |
| Jan 03, 2007 | $0.007 | CapitalGainLongTerm |
| Dec 31, 2003 | $0.001 | OrdinaryDividend |
| Jan 01, 2002 | $0.005 | CapitalGainShortTerm |
| Jan 01, 2002 | $0.000 | CapitalGainLongTerm |
| Jan 03, 2000 | $0.001 | CapitalGainShortTerm |
| Jan 03, 2000 | $0.000 | CapitalGainLongTerm |
| Jan 04, 1999 | $0.000 | CapitalGainShortTerm |
| Jan 04, 1999 | $0.001 | CapitalGainLongTerm |
HOSGX - Fund Manager Analysis
Managers
Mauricio Agudelo
Start Date
Tenure
Tenure Rank
May 01, 2016
6.08
6.1%
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. Mr. Agudelo is a Senior Fixed-Income Portfolio Manager for RE Advisers and has managed or co-managed the Fund since May 2016. Mr. Naranjo is a Fixed-Income Portfolio Manager for RE Advisers and has co-managed the Fund since November 2018.
Ivan Naranjo
Start Date
Tenure
Tenure Rank
Nov 26, 2018
3.51
3.5%
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 |
|---|---|---|---|
| 0.49 | 32.44 | 10.48 | 7.33 |