Investment objective & strategy
As of April 29, 2025 · prospectusObjective. The Short-Term Bond Fund seeks a high level of income consistent with maintaining minimum fluctuation of principal by investing in high-quality, short-term debt securities.
Strategy. 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 nationally recognized statistical rating organization (NRSRO) (for example, securities rated AAA, AA or A by Standard & Poors Corporation). 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 (Yankee Bonds) asset-backed and mortgage-backed securities The dollar-weighted average portfolio maturity of the Fund, under normal circumstances, is expected to be three years or less. In selecting the portfolio holdings for the Fund, Homestead Advisers considers, among other factors, … 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 nationally recognized statistical rating organization (NRSRO) (for example, securities rated AAA, AA or A by Standard & Poors Corporation). 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 (Yankee Bonds) asset-backed and mortgage-backed securities The dollar-weighted average portfolio maturity of the Fund, under normal circumstances, is expected to be three years or less. In selecting the portfolio holdings for the Fund, Homestead Advisers considers, among other factors, its outlook for the economy, monetary policy, interest rates and credit spreads, as well as company-specific factors such as improving credit quality, and relative value.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US TREASURY N/B | — | $77.77M | 18.48% |
| US TREASURY N/B | — | $46.07M | 10.95% |
| U.S. Treasury Notes | — | $8.19M | 1.95% |
| State Street Navigator Securities Lending Portfolio II | GVMXX | $7.73M | 1.84% |
| WELLS FARGO CO | — | $5.48M | 1.30% |
| CITIGROUP INC | — | $4.57M | 1.09% |
| Government National Mortgage Association | — | $4.31M | 1.02% |
| Government National Mortgage Association | — | $4.24M | 1.01% |
| GOLDMAN SACHS GP | — | $3.73M | 0.89% |
| Government National Mortgage Association | — | $3.54M | 0.84% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Short-Term Government Securities Fund · HOSGX | 48% | 0.75% |
| Intermediate Bond Fund · HOIBX | 36% | 0.80% |
| Nuveen Short Duration Impact Bond Fund · TSDJX, TSDFX, TSDBX, TSDDX, TSDHX | 15% | 0.35% |
Advisers
| Firm | Role |
|---|---|
| Homestead Advisers Corp. | Adviser |
Footnotes
- Expense ratio as of April 29, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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