2 | |
6 | |
10 | |
14 | |
19 | |
25 | |
29 | |
33 | |
37 | |
41 | |
45 | |
46 | |
55 | |
74 | |
75 | |
80 | |
82 |
83 | |
84 | |
85 | |
86 | |
87 | |
88 | |
89 | |
90 | |
91 | |
92 | |
93 | |
93 | |
96 | |
97 | |
100 | |
| |
104 |
Sales
Charge on Purchases |
|
Sales
Charge on Reinvested Dividends |
|
Deferred
Sales Charge on Redemptions |
|
Redemption
Fee |
|
Exchange
Fee |
|
Management
Fees |
|
Other
Expenses |
|
Acquired
Fund Fees and Expenses |
|
Total
Annual Fund Operating Expenses (a) |
|
1
YR |
3
YR |
5
YR |
10
YR |
$ |
$ |
$ |
$ |
| ||
| ||
| ||
Q1
2013 through Q1 2017 & Q1 2021 through |
|
1
YR |
5
YR |
10
YR |
Returns
before taxes |
|
|
|
Sales
Charge on Purchases |
|
Sales
Charge on Reinvested Dividends |
|
Deferred
Sales Charge on Redemptions |
|
Redemption
Fee |
|
Exchange
Fee |
|
Management
Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waiver and/or Expense Reimbursement (a) |
- |
Total
Annual Fund Operating Expenses After Fee
Waiver
and/or Expense Reimbursement (a) |
|
1
YR |
3
YR |
5
YR |
10
YR |
$ |
$ |
$ |
$ |
| |
| |
| |
|
|
1
YR |
5
YR |
10
YR |
Returns
before taxes |
|
|
|
Returns
after taxes on distributions |
|
|
|
Returns
after taxes on distributions
and
sale of fund shares |
|
|
|
ICE
BofA 1-5 Year U.S. Treasury Index
(reflects
no deduction for fees,
expenses,
or taxes) |
|
|
|
Sales
Charge on Purchases |
|
Sales
Charge on Reinvested Dividends |
|
Deferred
Sales Charge on Redemptions |
|
Redemption
Fee |
|
Exchange
Fee |
|
Management
Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
1
YR |
3
YR |
5
YR |
10
YR |
$ |
$ |
$ |
$ |
| |
| |
| |
|
|
1
YR |
5
YR |
10
YR |
Returns
before taxes |
|
|
|
Returns
after taxes on distributions |
|
|
|
Returns
after taxes on distributions
and
sale of fund shares |
|
|
|
ICE
BofA 1-5 Year Corp./Gov. Index
(reflects
no deduction for fees,
expenses,
or taxes) |
|
|
|
Sales
Charge on Purchases |
None |
Sales
Charge on Reinvested Dividends |
None |
Deferred
Sales Charge on Redemptions |
None |
Redemption
Fee |
None |
Exchange
Fee |
None |
Management
Fees |
0.60% |
Other
Expenses |
0.29% |
Total
Annual Fund Operating Expenses |
0.89% |
Fee
Waivers and/or Expense Reimbursements (a) |
-0.09% |
Total
Annual Fund Operating Expenses After Fee
Waiver
and/or Expense Reimbursement (a) |
0.80% |
1
YR |
3
YR |
5
YR |
10
YR |
$82 |
$275 |
$484 |
$1,088 |
Best
Quarter: | |
Q4
2023 | 6.69% | |
Worst
Quarter: | |
Q1
2022 | -5.91% |
|
1
YR |
3
Years |
Since
Inception |
Returns
before taxes |
6.35% |
-3.06% |
0.77% |
Returns
after taxes on
distributions |
4.93% |
-3.94% |
-0.25% |
Returns
after taxes on
distributions
and sale of
fund
shares |
3.73% |
-2.68% |
0.17% |
Bloomberg
U.S. Aggregate
Index
(reflects no
deduction
for fees,
expenses,
or taxes) |
5.53% |
-3.31% |
0.55% |
Sales
Charge on Purchases |
None |
Sales
Charge on Reinvested Dividends |
None |
Deferred
Sales Charge on Redemptions |
None |
Redemption
Fee |
None |
Exchange
Fee |
None |
Management
Fees |
0.65% |
Other
Expenses |
1.66% |
Acquired
Fund Fees and Expenses |
0.01% |
Total
Annual Fund Operating Expenses |
2.32% |
Fee
Waivers and/or Expense Reimbursements (a) |
-1.31% |
Total
Annual Fund Operating Expenses After Fee
Waiver
and/or Expense Reimbursement (a,b) |
1.01% |
1
YR |
3
YR |
5
YR |
10
YR |
$103 |
$599 |
$1,121 |
$2,555 |
Best
Quarter: | |
Q4
2023 | 7.29% | |
Worst
Quarter: | |
Q2
2022 | -10.13% |
|
1
YR |
Since
Inception |
Returns
before taxes |
6.74% |
-1.59% |
Returns
after taxes on distributions |
6.19% |
-1.92% |
Returns
after taxes on distributions
and
sale of fund shares |
3.99% |
-1.35% |
Blended
Index (reflects no deduction
for
fees, expenses, or taxes) |
17.45% |
2.81% |
Russell
3000 Index |
25.96% |
4.84% |
Bloomberg
Intermediate U.S.
Government
/ Credit Bond Index |
5.24% |
-1.32% |
Sales
Charge on Purchases |
|
Sales
Charge on Reinvested Dividends |
|
Deferred
Sales Charge on Redemptions |
|
Redemption
Fee |
|
Exchange
Fee |
|
Management
Fees |
|
Other
Expenses |
|
Administrative
Expenses |
|
Other
Fund Expenses |
|
Total
Annual Fund Operating Expenses (a) |
|
1
YR |
3
YR |
5
YR |
10
YR |
$ |
$ |
$ |
$ |
| |
| |
| |
|
|
1
YR |
5
YR |
10
YR |
Returns
before taxes |
|
|
|
Returns
after taxes on distributions |
|
|
|
Returns
after taxes on distributions
and
sale of fund shares |
|
|
|
Standard
& Poor's 500 Stock Index
(reflects
no deduction for fees,
expenses,
or taxes) |
|
|
|
Sales
Charge on Purchases |
|
Sales
Charge on Reinvested Dividends |
|
Deferred
Sales Charge on Redemptions |
|
Redemption
Fee |
|
Exchange
Fee |
|
Management
Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
1
YR |
3
YR |
5
YR |
10
YR |
$ |
$ |
$ |
$ |
| |
| |
| |
|
|
1
YR |
5
YR |
10
YR |
Returns
before taxes |
|
|
|
Returns
after taxes on distributions |
|
|
|
Returns
after taxes on distributions
and
sale of fund shares |
|
|
|
Russell
1000 Value Index (reflects
no
deduction for fees, expenses,
or
taxes) |
|
|
|
Sales
Charge on Purchases |
|
Sales
Charge on Reinvested Dividends |
|
Deferred
Sales Charge on Redemptions |
|
Redemption
Fee |
|
Exchange
Fee |
|
Management
Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
1
YR |
3
YR |
5
YR |
10
YR |
$ |
$ |
$ |
$ |
| |
| |
| |
|
|
1
YR |
5
YR |
10
YR |
Returns
before taxes |
|
|
|
Returns
after taxes on distributions |
|
|
|
Returns
after taxes on distributions
and
sale of fund shares |
|
|
|
Russell
1000 Growth Index (reflects
no
deduction for fees, expenses,
or
taxes) |
|
|
|
Sales
Charge on Purchases |
|
Sales
Charge on Reinvested Dividends |
|
Deferred
Sales Charge on Redemptions |
|
Redemption
Fee |
|
Exchange
Fee |
|
Management
Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses (a) |
|
1
YR |
3
YR |
5
YR |
10
YR |
$ |
$ |
$ |
$ |
| |
| |
| |
|
|
1
YR |
5
YR |
10
YR |
Returns
before taxes |
|
|
|
Returns
after taxes on distributions |
|
|
|
Returns
after taxes on distributions
and
sale of fund shares |
|
|
|
MSCI®
EAFE® Index (reflects no
deduction
for fees, expenses, or
taxes) |
|
|
|
Sales
Charge on Purchases |
|
Sales
Charge on Reinvested Dividends |
|
Deferred
Sales Charge on Redemptions |
|
Redemption
Fee |
|
Exchange
Fee |
|
Management
Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
1
YR |
3
YR |
5
YR |
10
YR |
$ |
$ |
$ |
$ |
| |
| |
| |
|
|
1
YR |
5
YR |
10
YR |
Returns
before taxes |
|
|
|
Returns
after taxes on distributions |
|
|
|
Returns
after taxes on distributions
and
sale of fund shares |
|
|
|
Russell
2000 Index (reflects no
deduction
for fees, expenses, or
taxes) |
|
|
|
|
Money
Market |
Fixed-Income |
Balanced |
Index |
Equity | |||||
Risk |
Daily
Income
Fund |
Short-Term
Government
Securities
Fund |
Short-Term
Bond
Fund |
Intermediate
Bond
Fund |
Rural
America
Growth
&
Income
Fund |
Stock
Index
Fund1
|
Value
Fund |
Growth
Fund |
International
Equity
Fund |
Small-Company
Stock
Fund |
Asset-
Backed
and
Mortgage-
Backed
Securities |
|
X |
X |
X |
X |
|
|
|
|
|
Cash
Positions |
X |
X |
X |
X |
X |
|
|
|
|
|
Commercial
Paper |
|
X |
X |
X |
X |
|
|
|
|
|
Concentration |
|
|
|
|
|
X |
|
|
|
|
Convertible
Securities |
|
|
|
X |
X |
|
X |
|
X |
X |
Corporate
Bond |
|
X |
X |
X |
X |
|
|
|
|
|
Currency |
|
|
|
|
|
|
X |
|
X |
|
Debt
Securities |
X |
X |
X |
X |
X |
|
X |
|
X |
X |
Depositary
Receipts |
|
|
|
|
|
|
|
|
X |
|
Derivatives |
|
|
|
|
|
X |
|
|
X |
|
Emerging
and
Frontier
Market |
|
|
|
|
|
|
X |
|
X |
|
Equity
Securities |
|
|
|
|
X |
X |
X |
X |
X |
X |
Expense |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
Financial
Markets
Regulatory |
X |
|
|
|
|
|
|
|
|
|
Focused
Investment |
|
|
|
X |
X |
|
X |
X |
X |
X |
Foreign |
|
|
X |
X |
|
|
X |
X |
X |
X |
Geographic
Focus |
|
|
|
|
|
|
|
|
X |
|
Growth
Style |
|
|
|
|
|
|
|
X |
X |
|
High
Yield
Securities |
|
|
X |
X |
X |
|
|
|
X |
|
|
Money
Market |
Fixed-Income |
Balanced |
Index |
Equity | |||||
Risk |
Daily
Income
Fund |
Short-Term
Government
Securities
Fund |
Short-Term
Bond
Fund |
Intermediate
Bond
Fund |
Rural
America
Growth
&
Income
Fund |
Stock
Index
Fund1 |
Value
Fund |
Growth
Fund |
International
Equity
Fund |
Small-Company
Stock
Fund |
Illiquid
and
Restricted
Securities |
|
|
|
X |
X |
X |
|
|
X |
X |
Index
Fund |
|
|
|
|
|
X |
|
|
|
|
Index-
Related |
|
|
|
|
|
X |
|
|
|
|
Investing
in
the
United
States |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
Investments
in
Other
Investment
Companies |
X |
|
|
X |
X |
|
|
|
X |
X |
Investments
in
Small-
and
Mid-
Sized
Companies |
|
|
|
|
|
|
|
|
|
X |
Issuer |
X |
X |
X |
X |
X |
|
X |
X |
X |
X |
Large
Shareholders
and
Redemptions |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
Limited
Operating
History |
|
|
|
|
X |
|
|
|
|
|
Loan |
|
|
|
|
X |
|
|
|
|
|
Leverage |
|
|
|
|
|
X |
|
|
|
|
Manager |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
Market |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
Market
Capitalization |
|
|
|
|
|
X |
X |
X |
|
X |
Master/
Feeder
Structure |
|
|
|
|
|
X |
|
|
|
|
Money
Market
Fund |
X |
|
|
|
|
|
|
|
|
|
Money
Market
Securities |
X |
X |
|
|
X |
X |
X |
|
|
X |
Municipal
Bond |
|
X |
X |
X |
X |
|
|
|
|
|
|
Money
Market |
Fixed-Income |
Balanced |
Index |
Equity | |||||
Risk |
Daily
Income
Fund |
Short-Term
Government
Securities
Fund |
Short-Term
Bond
Fund |
Intermediate
Bond
Fund |
Rural
America
Growth
&
Income
Fund |
Stock
Index
Fund1 |
Value
Fund |
Growth
Fund |
International
Equity
Fund |
Small-Company
Stock
Fund |
Operational
and
Cybersecurity |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
Participation
Notes |
|
|
|
|
|
|
|
|
X |
|
Passive
Investment |
|
|
|
|
|
X |
|
|
|
|
Portfolio
Turnover |
|
X |
X |
X |
X |
|
|
|
|
|
Preferred
Securities |
|
|
|
X |
X |
|
X |
|
X |
|
Repurchase
Agreements |
X |
|
|
|
|
|
|
|
X |
|
Rights
or
Warrants |
|
|
|
|
|
|
|
|
X |
|
Rural
America
Investment |
|
|
|
|
X |
|
|
|
|
|
Securities
Lending |
|
|
|
|
|
X |
|
|
|
|
Tracking
Error |
|
|
|
|
|
X |
|
|
|
|
Sovereign
Debt
Obligations
Risk |
|
|
|
X |
|
|
|
|
|
|
U.S.
Government
Securities |
X |
X |
X |
X |
X |
|
|
|
|
|
Valuation |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
Value
Style |
|
|
|
|
|
|
X |
|
|
X |
Variable
and
Floating
Rate
Securities |
X |
|
|
|
X |
|
|
|
|
|
When-
Issued,
TBA
and
Delayed
Delivery
Securities |
|
|
|
X |
|
|
|
|
|
|
Yield
Risk |
X |
|
|
|
|
|
|
|
|
|
Daily
Income Fund |
0.40
% |
Short-Term
Government Securities Fund |
0.36
% |
Short-Term
Bond Fund |
0.60
% |
Intermediate
Bond Fund |
0.51
% |
Rural
America Growth & Income Fund |
0.00
% |
Value
Fund |
0.48
% |
Growth
Fund |
0.64
% |
International
Equity Fund |
0.65
% |
Small-Company
Stock Fund |
0.83
% |
Fund |
Operating
Expense
Limit |
Expiration
Date |
Daily
Income Fund |
0.60
% |
April 30,
2025 |
Short-Term
Government
Securities
Fund |
0.75
% |
April 30,
2025 |
Short-Term
Bond Fund |
0.80
% |
April 30,
2025 |
Intermediate
Bond Fund |
0.80
% |
April 30,
2025 |
Rural
America Growth &
Income
Fund |
1.00
% |
April 30,
2025 |
Stock
Index Fund |
0.75
%* |
April 30,
2025 |
Value
Fund |
1.25
% |
April 30,
2025 |
Growth
Fund |
1.00
% |
April 30,
2025 |
Small-Company
Stock Fund |
1.50
% |
April 30,
2025 |
Daily
Income Fund |
Declared daily
and paid monthly |
Short-Term
Government
Securities
Fund |
Declared daily
and paid monthly |
Short-Term
Bond Fund |
Declared daily
and paid monthly |
Intermediate
Bond Fund |
Declared daily
and paid monthly |
Rural
America Growth &
Income
Fund |
Declared and
paid at least annually |
Stock
Index Fund |
Declared and
paid at least annually |
Value
Fund |
Declared and
paid semi-annually |
Growth
Fund |
Declared and
paid at least annually |
International
Equity Fund |
Declared and
paid at least annually |
Small-Company
Stock Fund |
Declared and
paid at least annually |
|
Year
Ended December 31, | ||||
For
a Share Outstanding Throughout Each Year |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Income
from investment operations |
|
|
|
|
|
Net
investment income |
0.04 |
0.01
(a,b) |
—
(a,b,c) |
(—)
(a,b,c) |
0.01 |
Net
realized and unrealized gain (loss) on
investments |
—
(c) |
—
(c) |
—
(c) |
— |
— |
Total
from investment operations |
0.04 |
0.01
(a) |
—
(a,c) |
—
(a,c) |
0.01 |
Distributions |
|
|
|
|
|
Net
investment income |
(0.04
) |
(0.01
) |
—
(c) |
—
(c) |
(0.01
) |
Net
realized gain |
— |
— |
— |
— |
— |
Total
distributions |
(0.04
) |
(0.01
) |
—
(a,c) |
—
(a,c) |
(0.01
) |
Net
Asset Value, End of Year |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Total
Return |
4.58
% |
1.20
% |
0.01
% |
0.19
% |
1.43
% |
Ratios/Supplemental
Data |
|
|
|
|
|
Net
assets, end of year (thousands) |
$218,452 |
$204,560 |
$179,589 |
$171,783 |
$162,835 |
Ratio
of net investment income to average net
assets |
4.48% |
1.24%
(a,b) |
0.01%
(a,b) |
0.17%
(a,b) |
1.42% |
Ratio
of gross expenses before voluntary expense
limitation
to average net assets |
0.59% |
0.59% |
0.70% |
0.78% |
0.78% |
Ratio
of expenses to average net assets |
0.59% |
0.48%
(a,b) |
0.04%
(a,b) |
0.37%
(a,b) |
0.78% |
|
Year
Ended December 31, | ||||
For
a Share Outstanding Throughout Each Year |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$4.87 |
$5.21 |
$5.29 |
$5.21 |
$5.14 |
Income
from investment operations |
|
|
|
|
|
Net
investment income |
0.12 |
0.06 |
0.02 |
0.03 |
0.08 |
Net
realized and unrealized gain (loss) on
investments |
0.10 |
(0.34
) |
(0.08
) |
0.18 |
0.09 |
Total
from investment operations |
0.22 |
(0.28
) |
(0.06
) |
0.21 |
0.17 |
Distributions |
|
|
|
|
|
Net
investment income |
(0.12
) |
(0.06
) |
(0.02
) |
(0.03
) |
(0.08
) |
Net
realized gain |
— |
— |
— |
(0.10
) |
(0.02
) |
Total
distributions |
(0.12
) |
(0.06
) |
(0.02
) |
(0.13
) |
(0.10
) |
Net
Asset Value, End of Year |
$4.97 |
$4.87 |
$5.21 |
$5.29 |
$5.21 |
Total
Return |
4.68
% |
-5.41
% |
-1.18
% |
4.13
% |
3.36
% |
Ratios/Supplemental
Data |
|
|
|
|
|
Net
assets, end of year (thousands) |
$57,437 |
$67,671 |
$77,512 |
$89,150 |
$71,516 |
Ratio
of net investment income to average net
assets |
2.51%
(a) |
1.16%
(a) |
0.32%
(a) |
0.58%
(a) |
1.52%
(a) |
Ratio
of gross expenses before expense limitation
to
average net assets |
0.84% |
0.80% |
0.79% |
0.81% |
0.85% |
Ratio
of expenses to average net assets |
0.75%
(a) |
0.75%
(a) |
0.75%
(a) |
0.75%
(a) |
0.75%
(a) |
Portfolio
turnover rate |
442%
(b,c) |
202%
(b) |
155%
(b) |
299%
(b) |
237%
(b) |
|
Year
Ended December 31, | ||||
For
a Share Outstanding Throughout Each Year |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$4.81 |
$5.19 |
$5.32 |
$5.23 |
$5.17 |
Income
from investment operations |
|
|
|
|
|
Net
investment income |
0.16 |
0.08 |
0.02 |
0.05 |
0.10 |
Net
realized and unrealized gain (loss) on
investments |
0.10 |
(0.38
) |
(0.08
) |
0.23 |
0.10 |
Total
from investment operations |
0.26 |
(0.30
) |
(0.06
) |
0.28 |
0.20 |
Distributions |
|
|
|
|
|
Net
investment income |
(0.16
) |
(0.08
) |
(0.02
) |
(0.05
) |
(0.10
) |
Net
realized gain |
— |
— |
(0.05
) |
(0.14
) |
(0.04
) |
Total
distributions |
(0.16
) |
(0.08
) |
(0.07
) |
(0.19
) |
(0.14
) |
Net
Asset Value, End of Year |
$4.91 |
$4.81 |
$5.19 |
$5.32 |
$5.23 |
Total
Return |
5.40
% |
-5.72
% |
-1.11
% |
5.42
% |
3.90
% |
Ratios/Supplemental
Data |
|
|
|
|
|
Net
assets, end of year (thousands) |
$447,261 |
$480,809 |
$565,306 |
$565,061 |
$548,312 |
Ratio
of net investment income to average net
assets |
3.20% |
1.66% |
0.40% |
0.92% |
1.87% |
Ratio
of expenses to average net assets |
0.76% |
0.76% |
0.79% |
0.78% |
0.79% |
Portfolio
turnover rate |
395%
(a) |
328%
(a) |
355%
(a) |
328%
(a) |
276%
(a) |
|
Year
Ended December 31, |
Period
ended
May
1,
2019(inception)
to
December 31,
2019 | |||
For
a Share Outstanding Throughout Each Period |
2023 |
2022 |
2021 |
2020 | |
Net
Asset Value, Beginning of Period |
$4.48 |
$5.28 |
$5.41 |
$5.13 |
$5.00 |
Income
from investment operations |
|
|
|
|
|
Net
investment income |
0.15 |
0.10 |
0.07 |
0.08 |
0.06 |
Net
realized and unrealized gain (loss) on
investments |
0.13 |
(0.80
) |
(0.13
) |
0.36 |
0.17 |
Total
from investment operations |
0.28 |
(0.70
) |
(0.06
) |
0.44 |
0.23 |
Distributions |
|
|
|
|
|
Net
investment income |
(0.15
) |
(0.10
) |
(0.07
) |
(0.08
) |
(0.06
) |
Net
realized gain |
— |
— |
— |
(0.08
) |
(0.04
) |
Total
distributions |
(0.15
) |
(0.10
) |
(0.07
) |
(0.16
) |
(0.10
) |
Net
Asset Value, End of Period |
$4.61 |
$4.48 |
$5.28 |
$5.41 |
$5.13 |
Total
Return |
6.35
% |
-13.38
% |
-1.12
% |
8.70
% |
4.69%
(a) |
Ratios/Supplemental
Data |
|
|
|
|
|
Net
assets, end of year (thousands) |
$128,819 |
$130,758 |
$151,336 |
$92,660 |
$23,845 |
Ratio
of net investment income to average net
assets |
3.24%
(b) |
1.93%
(b) |
1.03%
(b) |
1.19%
(b) |
1.69%
(b,c) |
Ratio
of gross expenses before expense limitation
to
average net assets |
0.89% |
0.87% |
0.91% |
1.13% |
2.49%
(c) |
Ratio
of expenses to average net assets |
0.80%
(b) |
0.80%
(b) |
0.80%
(b) |
0.80%
(b) |
0.80%
(b,c) |
Portfolio
turnover rate |
189%
(d) |
258%
(d) |
249%
(d) |
359%
(d) |
395%
(d) |
|
Year
Ended December 31, |
Period
ended
May
1,
2021(inception)
to
December 31,
2021 | |
For
a Share Outstanding Throughout Each Period |
2023 |
2022 | |
Net
Asset Value, Beginning of Period |
$8.89 |
$10.42 |
$10.00 |
Income
from investment operations |
|
|
|
Net
investment income |
0.12 |
0.05 |
0.02 |
Net
realized and unrealized gain (loss) on investments |
0.48 |
(1.53
) |
0.44 |
Total
from investment operations |
0.60 |
(1.48
) |
0.46 |
Distributions |
|
|
|
Net
investment income |
(0.12
) |
(0.05
) |
(0.02
) |
Net
realized gain |
— |
— |
(0.02
) |
Total
distributions |
(0.12
) |
(0.05
) |
(0.04
) |
Net
Asset Value, End of Period |
$9.37 |
$8.89 |
$10.42 |
Total
Return |
6.74
% |
-14.18
% |
4.58%
(a) |
Ratios/Supplemental
Data |
|
|
|
Net
assets, end of year (thousands) |
$9,844 |
$7,199 |
$5,362 |
Ratio
of net investment income to average net assets |
1.45%
(b) |
0.70%
(b) |
0.44%
(b,c) |
Ratio
of gross expenses before expense limitation to average net
assets |
2.31% |
2.85% |
5.12%
(c) |
Ratio
of expenses to average net assets |
1.00%
(b) |
1.00%
(b) |
1.00%
(b,c) |
Portfolio
turnover rate |
44% |
44%
(d) |
9% |
|
Year
Ended December 31, | ||||
For
a Share Outstanding Throughout Each Year |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$27.85 |
$34.82 |
$27.78 |
$23.93 |
$18.67 |
Income
from investment operations |
|
|
|
|
|
Net
investment income |
0.39 |
0.34 |
0.29 |
0.32 |
0.34 |
Net
realized and unrealized gain (loss) on
investments |
6.77 |
(6.78
) |
7.50 |
3.92 |
5.39 |
Total
from investment operations |
7.16 |
(6.44
) |
7.79 |
4.24 |
5.73 |
Distributions |
|
|
|
|
|
Net
investment income |
(0.36
) |
(0.34
) |
(0.30
) |
(0.31
) |
(0.38
) |
Net
realized gain |
(0.12
) |
(0.19
) |
(0.45
) |
(0.08
) |
(0.09
) |
Total
distributions |
(0.48
) |
(0.53
) |
(0.75
) |
(0.39
) |
(0.47
) |
Net
Asset Value, End of Year |
$34.53 |
$27.85 |
$34.82 |
$27.78 |
$23.93 |
Total
Return |
25.73
% |
-18.50
% |
28.09
% |
17.80
% |
30.77
% |
Ratios/Supplemental
Data |
|
|
|
|
|
Net
assets, end of year (thousands) |
$224,027 |
$191,640 |
$241,756 |
$188,823 |
$170,951 |
Ratio
of net investment income to average net
assets |
1.20% |
1.12% |
0.91% |
1.30% |
1.39% |
Ratio
of expenses to average net assets |
0.44% |
0.48% |
0.50% |
0.53% |
0.59% |
Portfolio
turnover rate (a) |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Year
Ended December 31, | ||||
For
a Share Outstanding Throughout Each Year |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$46.29 |
$54.33 |
$47.28 |
$51.51 |
$46.64 |
Income
from investment operations |
|
|
|
|
|
Net
investment income |
0.72 |
0.68 |
0.63 |
0.66 |
0.83 |
Net
realized and unrealized gain (loss) on
investments |
5.14 |
(3.84
) |
11.12 |
2.94 |
11.93 |
Total
from investment operations |
5.86 |
(3.16
) |
11.75 |
3.60 |
12.76 |
Distributions |
|
|
|
|
|
Net
investment income |
(0.72
) |
(0.68
) |
(0.64
) |
(0.66
) |
(0.83
) |
Net
realized gain |
(2.47
) |
(4.20
) |
(4.06
) |
(7.17
) |
(7.06
) |
Total
distributions |
(3.19
) |
(4.88
) |
(4.70
) |
(7.83
) |
(7.89
) |
Net
Asset Value, End of Year |
$48.96 |
$46.29 |
$54.33 |
$47.28 |
$51.51 |
Total
Return |
12.86
% |
-5.50
% |
25.07
% |
7.61
% |
27.69
% |
Ratios/Supplemental
Data |
|
|
|
|
|
Net
assets, end of year (thousands) |
$948,794 |
$925,133 |
$1,048,264 |
$928,744 |
$992,108 |
Ratio
of net investment income to average net
assets |
1.50% |
1.42% |
1.14% |
1.35% |
1.53% |
Ratio
of expenses to average net assets |
0.64% |
0.62% |
0.63% |
0.65% |
0.66% |
Portfolio
turnover rate |
10% |
10% |
9% |
22% |
17% |
|
Year
Ended December 31, | ||||
For
a Share Outstanding Throughout Each Year |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$10.40 |
$16.66 |
$15.56 |
$11.78 |
$9.68 |
Income
from investment operations |
|
|
|
|
|
Net
investment loss |
(—
) |
— |
(0.08
) |
(—
) |
(—
) |
Net
realized and unrealized gain (loss) on
investments |
4.96 |
(5.55
) |
2.70 |
4.52 |
2.73 |
Total
from investment operations |
4.96 |
(5.55
) |
2.62 |
4.52 |
2.73 |
Distributions |
|
|
|
|
|
Net
investment income |
— |
— |
— |
— |
— |
Net
realized gain |
(0.38
) |
(0.71
) |
(1.52
) |
(0.74
) |
(0.63
) |
Total
distributions |
(0.38
) |
(0.71
) |
(1.52
) |
(0.74
) |
(0.63
) |
Net
Asset Value, End of Year |
$14.98 |
$10.40 |
$16.66 |
$15.56 |
$11.78 |
Total
Return |
47.81
% |
-33.45
% |
17.13
% |
38.65
% |
28.36
% |
Ratios/Supplemental
Data |
|
|
|
|
|
Net
assets, end of year (thousands) |
$320,008 |
$234,678 |
$379,264 |
$319,660 |
$243,548 |
Ratio
of net investment loss to average net assets |
(0.28)% |
(0.35)% |
(0.50)% |
(0.46)% |
(0.14)% |
Ratio
of expenses to average net assets |
0.84% |
0.83% |
0.84% |
0.89% |
0.93% |
Portfolio
turnover rate |
19% |
23% |
26% |
23% |
29% |
|
Year
Ended December 31, | ||||
For
a Share Outstanding Throughout Each Year |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$8.86 |
$11.52 |
$10.84 |
$8.99 |
$7.28 |
Income
from investment operations |
|
|
|
|
|
Net
investment income |
0.14 |
0.19 |
0.13 |
0.06 |
0.12 |
Net
realized and unrealized gain (loss) on
investments |
1.25 |
(2.40
) |
1.07 |
1.86 |
1.69 |
Total
from investment operations |
1.39 |
(2.21
) |
1.20 |
1.92 |
1.81 |
Distributions |
|
|
|
|
|
Net
investment income |
(0.15
) |
(0.18
) |
(0.12
) |
(0.07
) |
(0.10
) |
Net
realized gain |
(0.41
) |
(0.27
) |
(0.40
) |
— |
— |
Total
distributions |
(0.56
) |
(0.45
) |
(0.52
) |
(0.07
) |
(0.10
) |
Net
Asset Value, End of Year |
$9.69 |
$8.86 |
$11.52 |
$10.84 |
$8.99 |
Total
Return |
15.82
% |
-19.13
% |
11.09
% |
21.34
% |
24.83
% |
Ratios/Supplemental
Data |
|
|
|
|
|
Net
assets, end of year (thousands) |
$86,907 |
$82,091 |
$103,285 |
$91,541 |
$78,775 |
Ratio
of net investment income to average net
assets |
1.45%
(a) |
1.97%
(a) |
1.07%
(a) |
0.65%
(a) |
1.29%
(a) |
Ratio
of gross expenses before voluntary expense
limitation
to average net assets |
1.14% |
1.16% |
1.19% |
1.24% |
1.30% |
Ratio
of expenses to average net assets |
1.04%
(a) |
1.00%
(a) |
1.00%
(a) |
0.99%
(a) |
0.99%
(a) |
Portfolio
turnover rate |
20% |
13% |
13% |
15% |
27% |
|
Year
Ended December 31, | ||||
For
a Share Outstanding Throughout Each Year |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$22.69 |
$28.72 |
$28.36 |
$26.25 |
$25.57 |
Income
from investment operations |
|
|
|
|
|
Net
investment income |
0.02 |
(—
) |
0.12 |
(—
) |
0.18 |
Net
realized and unrealized gain (loss) on
investments |
3.83 |
(4.87
) |
5.53 |
5.70 |
5.42 |
Total
from investment operations |
3.85 |
(4.87
) |
5.65 |
5.70 |
5.60 |
Distributions |
|
|
|
|
|
Net
investment income |
(0.02
) |
—
(a) |
(0.12
) |
—
(a) |
(0.18
) |
Net
realized gain |
(0.97
) |
(1.16
) |
(5.17
) |
(3.59
) |
(4.74
) |
Total
distributions |
(0.99
) |
(1.16
) |
(5.29
) |
(3.59
) |
(4.92
) |
Net
Asset Value, End of Year |
$25.55 |
$22.69 |
$28.72 |
$28.36 |
$26.25 |
Total
Return |
17.09
% |
-16.91
% |
20.68
% |
22.08
% |
22.16
% |
Ratios/Supplemental
Data |
|
|
|
|
|
Net
assets, end of year (thousands) |
$247,009 |
$240,345 |
$314,019 |
$286,538 |
$332,450 |
Ratio
of net investment income (loss) to average
net
assets |
0.13% |
0.01% |
0.36% |
(0.16)% |
0.54% |
Ratio
of expenses to average net assets |
1.07% |
1.05% |
1.06% |
1.12% |
1.05% |
Portfolio
turnover rate |
15% |
16% |
24% |
18% |
38% |
FACTS |
What
Does Homestead Funds Do With Your Personal
Information? |
Why? |
Financial
companies choose how they share your personal information. Federal
law
gives consumers the right to limit some but not all sharing. Federal law
also
requires
us to tell you how we collect, share, and protect your personal
information.
Please read this notice carefully to understand what we
do. |
What? |
The
types of personal information we collect and share depend on the product
or
service
you have with us. This information can include: |
•Social
Security number | |
•income | |
•account
balances | |
•transaction
history | |
•investment
experience | |
•risk
tolerance | |
How? |
All
financial companies need to share customers’ personal information to run
their
everyday
business. In the section below, we list the reasons financial companies
can
share their customers’ personal information; the reasons Homestead Funds
chooses
to share; and whether you can limit this sharing. Please note that
Homestead
Funds does not “sell” your personal information, with “sell” meaning
the
disclosure of personal information to a third party for monetary or other
valuable
consideration. |
Reasons
we can share your personal information |
Does
Homestead
Funds
share? |
Can
you limit this
sharing? |
For
our everyday business purposes—such
as to process your transactions, maintain your
account(s),
respond to court orders and legal investigations or report to credit
bureaus |
Yes |
No |
For
our marketing purposes—
to offer our products and services to you |
Yes |
No |
For
joint marketing with other financial companies |
No |
We don’t
share |
For
our affiliates’ everyday business purposes—information
about your transactions and
experiences |
Yes |
No |
For
our affiliates’ everyday business purposes—information
about your creditworthiness |
No |
We don’t
share |
For
our affiliates to market to you—such
as to make you aware of products you may be
interested
in. |
Yes |
Yes |
For
nonaffiliates to market to you |
No |
We don’t
share |
Sale
of all or part of our business or any of our funds |
Yes |
No |
As
required by law |
Yes |
No |
Who
we are |
|
Who
is providing this notice? |
Homestead
Funds, Inc.
Homestead
Funds Trust |
What
we do |
|
How
does Homestead Funds protect my
personal
information? |
We
are committed to safeguarding and protecting your personal data and we
maintain
appropriate security measures to protect your personal data from
improper,
unauthorized, unlawful or accidental disclosure, destruction, alteration,
use,
access, loss or damage.
Our
computer system security standards include but are not limited to:
monitoring
security
systems; updating firewalls, security patches, anti-virus, and
anti-
malware
software; training employees on firm policies; and multi-factor
authentication.
To
protect your personal data, we permit access only by authorized employees
who
need access to that information in order to perform their jobs. No
security is
foolproof,
and we ask you to notify us as soon as possible if you believe your
account,
username or password have been lost, stolen or
misused. |
How
does Homestead Funds collect my
personal
information? |
We
collect your personal information, directly from you, for example, when
you
open
an account, buy securities from us, give us your income information,
provide
account
information, or give us your contact information.
We
do not collect your personal information from third
parties. |
Why
can’t I limit all sharing? |
Federal
law gives you the right to limit only |
•sharing
of information about your creditworthiness for affiliates’ everyday
business
purposes | |
•affiliates
from using information to market to you | |
•sharing
for nonaffiliates to market to you | |
State
laws and individual companies may give you additional rights to limit
sharing. | |
What
happens when I limit sharing for
an
account I hold jointly with someone
else? |
Your
choices will apply to everyone on your account. |
Definitions |
|
Affiliates |
Companies
related by common ownership or control. They can be financial and
nonfinancial
companies. |
Our
affiliates include financial companies and nonfinancial companies, such
as: | |
•Homestead
Advisers Corp. | |
•Homestead
Financial Services Corp. | |
•National
Rural Electric Cooperative Association | |
Nonaffiliates |
Companies
not related by common ownership or control. They can be financial
and
nonfinancial companies. |
The
nonaffiliates we share with can include the Funds’ custodian and transfer
agent. | |
Joint
Marketing |
A
formal agreement between nonaffiliated financial companies that together
market
financial products or services to you. |
Homestead
Funds doesn’t jointly
market. |