Investment objective & strategy
As of April 29, 2025 · prospectusObjective. The Short-Term Government Securities Fund seeks a high level of current income from investments in a portfolio of securities backed by the full faith and credit of the U.S. Government.
Strategy. 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, … 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.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US TREASURY N/B | — | $23.03M | 37.94% |
| U.S. Treasury Notes | — | $8.04M | 13.25% |
| US TREASURY N/B | — | $4.71M | 7.75% |
| US TREASURY N/B | — | $2.05M | 3.37% |
| United States International Development Finance Corp | — | $970.72K | 1.60% |
| United States International Development Finance Corp | — | $949.85K | 1.56% |
| Government National Mortgage Association | — | $860.57K | 1.42% |
| United States International Development Finance Corp | — | $818.22K | 1.35% |
| Ginnie Mae II Pool | — | $788.84K | 1.30% |
| Government National Mortgage Association | — | $788.56K | 1.30% |
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 Bond Fund · HOSBX | 48% | 0.77% |
| Intermediate Bond Fund · HOIBX | 22% | 0.80% |
| TCW Core Fixed Income Portfolio | 16% | 0.47% |
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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