Homestead Funds Value (HOVLX - Free Report) a Zacks Rank #1 (Strong Buy) invests the majority of its total assets in common stocks of established companies. The fund also invests in preferred stocks, investment-grade debt securities convertible into or exchangeable for common stocks, warrants, money market securities and U.S. dollar-denominated securities of foreign issuers, including American Depository Receipts (ADRs).
This All Cap Value fund, as of the last filing, allocates their fund in three major groups; Large Value, Large Growth and Small Value. Further, as of the last filing, BRISTOL MYERS SQUIBB CO, GENERAL ELECTRIC CO and PFIZER INC were the top holdings for HOVLX.
The Homestead Funds Value fund, managed by Homestead, carries an expense ratio of 0.61%. Moreover, HOVLX requires a minimal initial investment of $500.
HOVLX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 16.30%, 3 year 10.15% and 5 year 16.34%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
HOVLX’s performance, as of the last filing, when compared to funds in its category was in the top 11% in 1 year, top 13% over the past 3 years, and in the 5% over the past 5 years.
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