HOIBX: Homestead Intermediate Bond Fund

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HOIBX Homestead Intermediate Bond Fund


Profile

HOIBX - Profile

Vitals

  • YTD Return 6.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $71.1 M
  • Holdings in Top 10 33.8%

52 WEEK LOW AND HIGH

$5.45
$4.97
$5.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.49%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 395.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $500
  • IRA $200

Fund Classification


Distributions

  • YTD Total Return 6.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.69%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Homestead Intermediate Bond Fund
  • Fund Family Name
    Homestead
  • Inception Date
    May 01, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mauricio Agudelo

Fund Description

Under normal circumstances, the advisor intends to invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in fixed-income debt securities. It may invest up to 20% of its assets in other instruments, primarily including preferred stock (fixed maturity and perpetual), convertible bonds, and other investment companies, including open-end funds, closed-end funds and exchange-traded funds ("ETFs").


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Categories

Performance

HOIBX - Performance

Return Ranking - Trailing

Period HOIBX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -9.7% 328.0% 28.04%
1 Yr 5.0% -9.0% 319.7% 28.28%
3 Yr N/A* -3.5% 63.1% N/A
5 Yr N/A* -3.8% 34.0% N/A
10 Yr N/A* -2.3% 15.7% N/A

* Annualized

Return Ranking - Calendar

Period HOIBX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.3% 8.0% N/A
2018 N/A -9.4% 2.7% N/A
2017 N/A -2.2% 8.1% N/A
2016 N/A -22.1% 192.8% N/A
2015 N/A -12.2% -0.4% N/A

Total Return Ranking - Trailing

Period HOIBX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -9.7% 328.0% 28.04%
1 Yr 5.0% -9.0% 319.7% 28.28%
3 Yr N/A* -2.7% 63.1% N/A
5 Yr N/A* -2.3% 34.7% N/A
10 Yr N/A* -2.3% 16.3% N/A

* Annualized

Total Return Ranking - Calendar

Period HOIBX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.2% 8.1% N/A
2018 N/A -6.0% 3.9% N/A
2017 N/A -2.2% 8.4% N/A
2016 N/A -22.1% 204.3% N/A
2015 N/A -12.2% 3.7% N/A

NAV & Total Return History


Holdings

HOIBX - Holdings

Concentration Analysis

HOIBX Category Low Category High HOIBX % Rank
Net Assets 71.1 M 3.16 M 288 B 85.65%
Number of Holdings 245 10 18320 74.70%
Net Assets in Top 10 18.9 M -1.2 B 39.4 B 82.89%
Weighting of Top 10 33.82% 4.7% 100.0% 36.70%

Top 10 Holdings

  1. United States Treasury Bonds 2% 7.48%
  2. United States Treasury Notes 0.5% 4.43%
  3. United States Treasury Notes 0.12% 3.50%
  4. Federal National Mortgage Association 3.5% 3.36%
  5. Federal National Mortgage Association 3% 3.17%
  6. Fnma Pass-Thru I 3% 3.10%
  7. Federal National Mortgage Association 3.5% 3.01%
  8. Federal National Mortgage Association 3% 2.27%
  9. United States Treasury Notes 0.62% 1.80%
  10. United States Treasury Notes 0.38% 1.69%

Asset Allocation

Weighting Return Low Return High HOIBX % Rank
Bonds
89.75% -67.87% 203.55% 86.54%
Cash
7.49% -104.98% 173.81% 21.69%
Convertible Bonds
2.76% 0.00% 4.38% 8.67%
Stocks
0.00% 0.00% 12.20% 75.24%
Preferred Stocks
0.00% 0.00% 79.92% 77.35%
Other
0.00% -7.84% 7.38% 69.64%

Bond Sector Breakdown

Weighting Return Low Return High HOIBX % Rank
Corporate
42.42% 0.00% 84.33% 33.98%
Securitized
28.21% 0.00% 90.91% 53.49%
Government
21.43% 0.00% 84.96% 45.06%
Cash & Equivalents
7.50% 0.00% 60.23% 33.49%
Municipal
0.44% 0.00% 27.42% 51.33%
Derivative
0.00% -0.83% 26.28% 81.69%

Bond Geographic Breakdown

Weighting Return Low Return High HOIBX % Rank
US
84.57% -68.10% 239.68% 41.69%
Non US
5.18% -140.55% 78.28% 80.48%

Expenses

HOIBX - Expenses

Operational Fees

HOIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.49% 0.01% 18.96% 3.73%
Management Fee 0.60% 0.00% 0.96% 94.96%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.01% 0.50% 92.48%

Sales Fees

HOIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 4.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HOIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

HOIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 395.00% 3.00% 449.00% 89.56%

Distributions

HOIBX - Distributions

Dividend Yield Analysis

HOIBX Category Low Category High HOIBX % Rank
Dividend Yield 0.00% 0.00% 3.41% 71.05%

Dividend Distribution Analysis

HOIBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Semi-Annually Monthly Monthly

Net Income Ratio Analysis

HOIBX Category Low Category High HOIBX % Rank
Net Income Ratio 1.69% 0.45% 10.54% 92.82%

Capital Gain Distribution Analysis

HOIBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

HOIBX - Fund Manager Analysis

Managers

Mauricio Agudelo


Start Date

Tenure

Tenure Rank

May 01, 2019

1.34

1.3%

Mauricio co-manages RE Advisers' fixed-income strategies. He joined RE Advisers in 2016. Prior to this role, he co-managed taxable fixed-income mutual fund portfolios for Calvert Investment Management, Inc. and held previous positions at Calvert in trading and securities analysis. Prior to joining Calvert, Mr. Agudelo completed internships at the United States Department of Agriculture in 2002 and 2003. He received a B.S. in finance from the University of Maryland,Robert H. Smith School of Business. He Minored in business culture and language, with a concentration in Spanish. He holds the Chartered Financial Analyst designation. Mr. Agudelo is a Senior Fixed-Income Portfolio Manager for RE Advisers and has managed or co-managed the Fund since May 2016. Mr. Naranjo is a Fixed-Income Portfolio Manager for RE Advisers and has co-managed the Fund since November 2018.

Ivan Naranjo


Start Date

Tenure

Tenure Rank

May 01, 2019

1.34

1.3%

Mr. Naranjo is a Fixed Income Portfolio Manager for RE Advisers. He was a senior fixed income trader at American Century Investments from 2016 to 2018, a senior investment risk analyst at Legg Mason & Co., LLC from 2015 to 2016, and an associate portfolio manager at Calvert Investment Management, LLC from 2010 to 2015, where he held different responsibilities including portfolio construction, securities analysis, trading, and risk monitoring for a number of taxable fixed income mutual fund portfolios. He received a B.S. in finance from the University of Maryland, Robert H. Smith School of Business. He joined RE Advisers in 2018.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 31.68 6.61 4.46