Value Fund
Fund
HOVLX
Price as of:
$56.49
+ $0.03
+ 0.05%
Primary Theme
fund company
Name
As of 11/20/2024Price
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
17.9%
1 yr return
20.6%
3 Yr Avg Return
7.1%
5 Yr Avg Return
11.2%
Net Assets
$1.01 B
Holdings in Top 10
34.3%
52 WEEK LOW AND HIGH
$56.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.64%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 9.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500
IRA
$200
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/20/2024Price
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
HOVLX - Profile
Distributions
- YTD Total Return 17.9%
- 3 Yr Annualized Total Return 7.1%
- 5 Yr Annualized Total Return 11.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.14%
- Dividend Yield 1.2%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameValue Fund
-
Fund Family NameHomestead Funds
-
Inception DateJan 03, 1994
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPrabha Carpenter
Fund Description
The Fund generally invests in stocks of companies selling below what Homestead Advisers believes to be their fundamental value. Under ordinary conditions, the Fund will invest at least 80% of its net assets in common stocks of U.S. and non-U.S. companies with market capitalizations of $2 billion or greater. On March 31, 2024, the weighted average market capitalization for all of the companies held in the portfolio was $316,391.6 million. Up to 20% of the Fund’s assets may be invested in other types of securities, including preferred stocks, investment-grade debt securities convertible into or exchangeable for common stocks and warrants, debt securities in the three highest credit categories as ranked by a NRSRO (for example, securities rated AAA, AA or A by Standard & Poor’s Corporation) or, if unrated, of comparable credit quality as determined by Homestead Advisers, and money market securities. The Fund’s investments in non-U.S. companies and other issuers may include, without limitation, American Depositary Receipts (“ADRs”), emerging market securities and securities denominated in foreign currencies, including the local currencies of emerging markets.
To determine whether a stock is undervalued, Homestead Advisers considers, among other factors, potential earning power, financial ratios and any competitive advantages a company may have. Stock selection is made with the belief that businesses have an underlying value that is not always reflected by share price, especially over the short term. Homestead Advisers seeks to select stocks that it believes may benefit over time from a more reasonable market assessment of fundamental value.
HOVLX - Performance
Return Ranking - Trailing
| Period | HOVLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.9% | -10.0% | 41.5% | 51.21% |
| 1 Yr | 20.6% | 0.2% | 56.7% | 87.01% |
| 3 Yr | 7.1%* | -3.5% | 31.5% | 73.96% |
| 5 Yr | 11.2%* | 0.1% | 45.8% | 42.87% |
| 10 Yr | 10.0%* | 1.5% | 25.1% | 19.07% |
* Annualized
Return Ranking - Calendar
| Period | HOVLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.8% | -16.9% | 46.1% | 50.78% |
| 2022 | -14.8% | -64.7% | 4.6% | 75.23% |
| 2021 | 14.9% | -44.2% | 57.5% | 55.63% |
| 2020 | -8.2% | -23.2% | 285.0% | 91.81% |
| 2019 | 10.4% | -21.4% | 48.5% | 91.57% |
Total Return Ranking - Trailing
| Period | HOVLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.9% | -10.0% | 41.5% | 51.21% |
| 1 Yr | 20.6% | 0.2% | 56.7% | 87.01% |
| 3 Yr | 7.1%* | -3.5% | 31.5% | 73.96% |
| 5 Yr | 11.2%* | 0.1% | 45.8% | 42.87% |
| 10 Yr | 10.0%* | 1.5% | 25.1% | 19.07% |
* Annualized
Total Return Ranking - Calendar
| Period | HOVLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.5% | -15.9% | 46.7% | 72.07% |
| 2022 | -5.5% | -42.0% | 8.5% | 50.00% |
| 2021 | 25.1% | 3.6% | 129.7% | 61.41% |
| 2020 | 7.6% | -22.6% | 304.8% | 19.13% |
| 2019 | 25.6% | -12.7% | 52.1% | 49.04% |
NAV & Total Return History
HOVLX - Holdings
Concentration Analysis
| HOVLX | Category Low | Category High | HOVLX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.01 B | 126 K | 163 B | 48.62% |
| Number of Holdings | 48 | 2 | 1727 | 82.08% |
| Net Assets in Top 10 | 340 M | 433 K | 37.8 B | 47.15% |
| Weighting of Top 10 | 34.30% | 4.4% | 99.1% | 24.22% |
Top 10 Holdings
- JPMorgan Chase Co 4.31%
- Parker-Hannifin Corp 4.10%
- Meta Platforms Inc 3.73%
- Honeywell International Inc 3.55%
- Goldman Sachs Group Inc/The 3.50%
- Alphabet Inc 3.18%
- AbbVie Inc 3.12%
- Lam Research Corp 3.04%
- Fiserv Inc 2.97%
- Boston Scientific Corp 2.80%
Asset Allocation
| Weighting | Return Low | Return High | HOVLX % Rank | |
|---|---|---|---|---|
| Stocks | 100.86% | 7.19% | 103.40% | 1.10% |
| Cash | 1.28% | 0.00% | 36.15% | 51.65% |
| Preferred Stocks | 0.00% | 0.00% | 15.27% | 68.29% |
| Other | 0.00% | -2.59% | 36.68% | 72.61% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 67.22% |
| Bonds | 0.00% | 0.00% | 78.06% | 68.66% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | HOVLX % Rank | |
|---|---|---|---|---|
| Healthcare | 21.63% | 0.00% | 30.08% | 9.09% |
| Financial Services | 21.18% | 0.00% | 58.05% | 30.71% |
| Industrials | 19.82% | 0.00% | 42.76% | 2.41% |
| Technology | 11.98% | 0.00% | 54.02% | 36.55% |
| Communication Services | 6.49% | 0.00% | 26.58% | 39.05% |
| Basic Materials | 5.49% | 0.00% | 21.69% | 13.82% |
| Consumer Cyclical | 5.09% | 0.00% | 22.74% | 64.75% |
| Energy | 4.96% | 0.00% | 54.00% | 80.80% |
| Real Estate | 2.51% | 0.00% | 90.54% | 52.88% |
| Consumer Defense | 0.86% | 0.00% | 34.10% | 98.24% |
| Utilities | 0.00% | 0.00% | 27.04% | 94.81% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | HOVLX % Rank | |
|---|---|---|---|---|
| US | 100.86% | 7.19% | 103.40% | 0.74% |
| Non US | 0.00% | 0.00% | 24.08% | 76.01% |
HOVLX - Expenses
Operational Fees
| HOVLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.64% | 0.03% | 14.82% | 77.86% |
| Management Fee | 0.48% | 0.00% | 1.50% | 30.41% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| HOVLX 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 | 0.95% | 5.00% | N/A |
Trading Fees
| HOVLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 44.87% |
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.
| HOVLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 9.00% | 0.00% | 488.00% | 5.47% |
HOVLX - Distributions
Dividend Yield Analysis
| HOVLX | Category Low | Category High | HOVLX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.24% | 0.00% | 16.67% | 19.41% |
Dividend Distribution Analysis
| HOVLX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | Monthly | Annual |
Net Income Ratio Analysis
| HOVLX | Category Low | Category High | HOVLX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.14% | -1.51% | 4.28% | 62.09% |
Capital Gain Distribution Analysis
| HOVLX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.345 | OrdinaryDividend |
| Dec 14, 2023 | $0.345 | CapitalGainLongTerm |
| Jun 30, 2023 | $0.383 | OrdinaryDividend |
| Jun 30, 2023 | $0.160 | CapitalGainLongTerm |
| Dec 15, 2022 | $3.333 | OrdinaryDividend |
| Jun 30, 2022 | $1.546 | OrdinaryDividend |
| Dec 16, 2021 | $0.374 | OrdinaryDividend |
| Dec 16, 2021 | $0.098 | CapitalGainShortTerm |
| Dec 16, 2021 | $3.663 | CapitalGainLongTerm |
| Jun 30, 2021 | $0.270 | OrdinaryDividend |
| Jun 30, 2021 | $0.298 | CapitalGainLongTerm |
| Dec 17, 2020 | $6.671 | OrdinaryDividend |
| Jun 30, 2020 | $1.154 | OrdinaryDividend |
| Dec 18, 2019 | $0.381 | OrdinaryDividend |
| Dec 18, 2019 | $6.630 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.465 | OrdinaryDividend |
| Dec 17, 2018 | $4.228 | CapitalGainLongTerm |
| Jun 29, 2018 | $0.440 | OrdinaryDividend |
| Dec 18, 2017 | $0.576 | OrdinaryDividend |
| Dec 18, 2017 | $1.956 | CapitalGainLongTerm |
| Jun 30, 2017 | $0.420 | OrdinaryDividend |
| Dec 30, 2016 | $0.654 | OrdinaryDividend |
| Dec 30, 2016 | $3.668 | CapitalGainLongTerm |
| Jun 30, 2016 | $0.448 | OrdinaryDividend |
| Dec 31, 2015 | $0.502 | OrdinaryDividend |
| Dec 31, 2015 | $2.433 | CapitalGainLongTerm |
| Jun 30, 2015 | $0.442 | OrdinaryDividend |
| Dec 31, 2014 | $0.420 | OrdinaryDividend |
| Dec 31, 2014 | $0.080 | CapitalGainLongTerm |
| Jun 30, 2014 | $0.363 | OrdinaryDividend |
| Dec 31, 2013 | $0.381 | OrdinaryDividend |
| Jun 28, 2013 | $0.376 | OrdinaryDividend |
| Dec 31, 2012 | $0.409 | OrdinaryDividend |
| Jul 02, 2012 | $0.301 | OrdinaryDividend |
| Jan 03, 2012 | $0.255 | OrdinaryDividend |
| Jul 01, 2011 | $0.243 | OrdinaryDividend |
| Jan 03, 2011 | $0.190 | OrdinaryDividend |
| Jul 01, 2010 | $0.185 | OrdinaryDividend |
| Jan 04, 2010 | $0.199 | OrdinaryDividend |
| Jul 01, 2009 | $0.205 | OrdinaryDividend |
| Jan 02, 2009 | $0.328 | OrdinaryDividend |
| Jul 01, 2008 | $0.267 | OrdinaryDividend |
| Jan 02, 2008 | $0.315 | OrdinaryDividend |
| Jan 02, 2008 | $0.003 | CapitalGainShortTerm |
| Jan 02, 2008 | $0.828 | CapitalGainLongTerm |
| Jul 02, 2007 | $0.520 | OrdinaryDividend |
| Jan 03, 2007 | $0.310 | OrdinaryDividend |
| Jan 03, 2007 | $2.086 | CapitalGainLongTerm |
| Jul 03, 2006 | $0.261 | OrdinaryDividend |
| Dec 30, 2005 | $0.217 | OrdinaryDividend |
| Dec 30, 2005 | $0.562 | CapitalGainLongTerm |
| Jul 01, 2005 | $0.198 | OrdinaryDividend |
| Jan 03, 2005 | $0.178 | OrdinaryDividend |
| Jan 03, 2005 | $0.762 | CapitalGainLongTerm |
| Jul 01, 2004 | $0.174 | OrdinaryDividend |
| Dec 31, 2003 | $0.195 | OrdinaryDividend |
| Dec 31, 2003 | $0.144 | CapitalGainLongTerm |
| Jul 01, 2003 | $0.173 | OrdinaryDividend |
| Jan 01, 2003 | $0.184 | OrdinaryDividend |
| Jan 01, 2003 | $0.001 | CapitalGainLongTerm |
| Jun 28, 2002 | $0.145 | OrdinaryDividend |
| Jan 01, 2002 | $0.162 | OrdinaryDividend |
| Jan 01, 2002 | $0.432 | CapitalGainShortTerm |
| Jan 01, 2002 | $0.615 | CapitalGainLongTerm |
| Dec 29, 2000 | $0.179 | OrdinaryDividend |
| Dec 31, 1999 | $0.217 | OrdinaryDividend |
| Dec 31, 1999 | $0.047 | CapitalGainShortTerm |
| Dec 31, 1999 | $1.691 | CapitalGainLongTerm |
| Jun 30, 1999 | $0.196 | OrdinaryDividend |
| Dec 31, 1998 | $0.207 | OrdinaryDividend |
| Dec 31, 1998 | $0.723 | CapitalGainLongTerm |
| Jun 30, 1998 | $0.192 | OrdinaryDividend |
| Jan 03, 1995 | $0.170 | OrdinaryDividend |
HOVLX - Fund Manager Analysis
Managers
Prabha Carpenter
Start Date
Tenure
Tenure Rank
May 05, 2014
8.08
8.1%
Ms. Carpenter is a Senior Equity Portfolio Manager for RE Advisers. Prior to becoming a Senior Equity Portfolio Manager, Ms. Carpenter was a Senior Equity Analyst for RE Advisers from March 2002 to April 2014. Prior to that, Carpenter is a vice president and investment officer with Washington Investment Advisers, previously called Geico Investment Services. Prior to joining Geico in 1985, she was a senior research officer with Maryland National Bank, and an equity analyst and portfolio manager with Commercial Credit Corporation. Carpenter is a Chartered Financial Analyst, and a member of both the Washington Society of Investment Analysts and the New York Institutional Options and Futures Society. She received her BA in Business Economics from the University of Madras and her BS in Economics from American University. She received her MBA with a distinction in Finance from American University.
James Polk
Start Date
Tenure
Tenure Rank
Jan 22, 2019
3.36
3.4%
James A. Polk, CFA Mr. Polk is a Senior Equity Portfolio Manager for RE Advisers. He has co-managed the Value Fund and Small-Company Stock Fund since January 2019. He has co-managed the Rural America Growth & Income Fund since its inception in May 2021. Prior to this role, he was a portfolio manager at Putnam Investment Management, LLC from 2001 to 2017, where he managed small, mid, and multi-cap value oriented mutual funds from 2004 to 2017. He received a BA in English from Colby College and an MBA from the Olin Graduate School of Business at Babson College. He joined RE Advisers in 2019.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 86.59 | 8.09 | 0.25 |