Rural America Growth & Income Fund
Name
As of 05/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.5%
1 yr return
6.9%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$9.83 M
Holdings in Top 10
26.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.32%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 9.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HRRLX - Profile
Distributions
- YTD Total Return 1.5%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.44%
- Dividend Yield 1.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameRural America Growth & Income Fund
-
Fund Family NameHomestead Funds
-
Inception DateMay 12, 2021
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Polk
Fund Description
HRRLX - Performance
Return Ranking - Trailing
Period | HRRLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.5% | 0.0% | 22.5% | 97.74% |
1 Yr | 6.9% | -4.1% | 44.4% | 96.33% |
3 Yr | N/A* | -6.8% | 6.6% | N/A |
5 Yr | N/A* | -3.5% | 14.1% | N/A |
10 Yr | N/A* | 0.5% | 10.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | HRRLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.4% | -12.2% | 23.9% | 86.00% |
2022 | -14.7% | -34.7% | 0.0% | 17.07% |
2021 | N/A | -11.9% | 18.1% | N/A |
2020 | N/A | -20.9% | 39.7% | N/A |
2019 | N/A | 0.8% | 25.7% | N/A |
Total Return Ranking - Trailing
Period | HRRLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.5% | 0.0% | 22.5% | 97.74% |
1 Yr | 6.9% | -4.1% | 44.4% | 96.33% |
3 Yr | N/A* | -6.8% | 6.6% | N/A |
5 Yr | N/A* | -3.5% | 14.1% | N/A |
10 Yr | N/A* | 0.5% | 10.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | HRRLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.7% | -12.2% | 26.8% | 95.19% |
2022 | -14.2% | -29.0% | 10.9% | 40.32% |
2021 | N/A | -3.0% | 24.2% | N/A |
2020 | N/A | -19.5% | 40.6% | N/A |
2019 | N/A | 4.4% | 32.7% | N/A |
NAV & Total Return History
HRRLX - Holdings
Concentration Analysis
HRRLX | Category Low | Category High | HRRLX % Rank | |
---|---|---|---|---|
Net Assets | 9.83 M | 789 K | 217 B | 98.03% |
Number of Holdings | 123 | 2 | 15716 | 40.88% |
Net Assets in Top 10 | 2.59 M | 618 K | 62.8 B | 98.30% |
Weighting of Top 10 | 26.31% | 11.3% | 121.1% | 78.08% |
Top 10 Holdings
- State Street Institutional US Government Money Market Fund 5.35%
- Federal Farm Credit Banks Funding Corp 3.18%
- United States Treasury Note/Bond 2.78%
- Federal Farm Credit Banks Funding Corp 2.68%
- Zoetis Inc 2.36%
- Deere Co 2.12%
- Federal Farm Credit Banks Funding Corp 2.03%
- Federal Farm Credit Banks Funding Corp 1.99%
- Fastenal Co 1.92%
- Stryker Corp 1.90%
Asset Allocation
Weighting | Return Low | Return High | HRRLX % Rank | |
---|---|---|---|---|
Stocks | 57.18% | 0.00% | 103.09% | 79.92% |
Bonds | 35.97% | 0.00% | 77.27% | 19.38% |
Cash | 5.35% | -10.21% | 100.00% | 19.80% |
Other | 1.54% | -42.80% | 46.03% | 18.53% |
Preferred Stocks | 0.00% | 0.00% | 23.88% | 71.85% |
Convertible Bonds | 0.00% | 0.00% | 23.84% | 95.45% |
Stock Sector Breakdown
Weighting | Return Low | Return High | HRRLX % Rank | |
---|---|---|---|---|
Technology | 24.34% | 0.00% | 44.21% | 13.39% |
Industrials | 18.50% | 0.00% | 24.37% | 2.85% |
Healthcare | 15.14% | 0.00% | 29.35% | 23.50% |
Financial Services | 14.86% | 0.00% | 38.77% | 46.44% |
Real Estate | 8.84% | 0.00% | 65.01% | 10.68% |
Consumer Cyclical | 8.41% | 0.00% | 19.36% | 70.09% |
Consumer Defense | 5.21% | 0.00% | 15.14% | 81.20% |
Communication Services | 2.37% | 0.00% | 38.10% | 94.87% |
Basic Materials | 2.33% | 0.00% | 33.35% | 80.91% |
Utilities | 0.00% | 0.00% | 99.55% | 97.01% |
Energy | 0.00% | 0.00% | 85.65% | 97.86% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | HRRLX % Rank | |
---|---|---|---|---|
US | 57.18% | 0.00% | 103.09% | 72.98% |
Non US | 0.00% | 0.00% | 38.68% | 73.13% |
Bond Sector Breakdown
Weighting | Return Low | Return High | HRRLX % Rank | |
---|---|---|---|---|
Corporate | 47.98% | 0.00% | 98.21% | 20.48% |
Government | 28.32% | 0.00% | 97.26% | 54.91% |
Securitized | 14.59% | 0.00% | 78.59% | 54.05% |
Cash & Equivalents | 5.35% | 0.00% | 99.92% | 21.07% |
Municipal | 5.19% | 0.00% | 24.80% | 2.84% |
Derivative | 0.00% | -3.07% | 46.02% | 71.15% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | HRRLX % Rank | |
---|---|---|---|---|
US | 35.97% | 0.00% | 77.27% | 18.53% |
Non US | 0.00% | 0.00% | 14.17% | 68.60% |
HRRLX - Expenses
Operational Fees
HRRLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.32% | 0.03% | 17.63% | 6.19% |
Management Fee | 0.65% | 0.00% | 1.50% | 80.59% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
HRRLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
HRRLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 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.
HRRLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 9.00% | 0.00% | 343.00% | 8.16% |
HRRLX - Distributions
Dividend Yield Analysis
HRRLX | Category Low | Category High | HRRLX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.20% | 0.00% | 17.90% | 81.72% |
Dividend Distribution Analysis
HRRLX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | SemiAnnual | Quarterly | SemiAnnual |
Net Income Ratio Analysis
HRRLX | Category Low | Category High | HRRLX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.44% | -2.34% | 19.41% | 83.45% |
Capital Gain Distribution Analysis
HRRLX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Monthly | Semi-Monthly |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.113 | OrdinaryDividend |
Jun 30, 2023 | $0.005 | OrdinaryDividend |
Dec 15, 2022 | $0.050 | OrdinaryDividend |
Jun 30, 2022 | $0.003 | OrdinaryDividend |
Dec 16, 2021 | $0.018 | OrdinaryDividend |
Dec 16, 2021 | $0.019 | CapitalGainShortTerm |
HRRLX - Fund Manager Analysis
Managers
James Polk
Start Date
Tenure
Tenure Rank
May 03, 2021
1.08
1.1%
James A. Polk, CFA Mr. Polk is a Senior Equity Portfolio Manager for RE Advisers. He has co-managed the Value Fund and Small-Company Stock Fund since January 2019. He has co-managed the Rural America Growth & Income Fund since its inception in May 2021. Prior to this role, he was a portfolio manager at Putnam Investment Management, LLC from 2001 to 2017, where he managed small, mid, and multi-cap value oriented mutual funds from 2004 to 2017. He received a BA in English from Colby College and an MBA from the Olin Graduate School of Business at Babson College. He joined RE Advisers in 2019.
Ivan Naranjo
Start Date
Tenure
Tenure Rank
May 03, 2021
1.08
1.1%
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.
Prabha Carpenter
Start Date
Tenure
Tenure Rank
May 03, 2021
1.08
1.1%
Ms. Carpenter is a Senior Equity Portfolio Manager for RE Advisers. Prior to becoming a Senior Equity Portfolio Manager, Ms. Carpenter was a Senior Equity Analyst for RE Advisers from March 2002 to April 2014. Prior to that, Carpenter is a vice president and investment officer with Washington Investment Advisers, previously called Geico Investment Services. Prior to joining Geico in 1985, she was a senior research officer with Maryland National Bank, and an equity analyst and portfolio manager with Commercial Credit Corporation. Carpenter is a Chartered Financial Analyst, and a member of both the Washington Society of Investment Analysts and the New York Institutional Options and Futures Society. She received her BA in Business Economics from the University of Madras and her BS in Economics from American University. She received her MBA with a distinction in Finance from American University.
Mauricio Agudelo
Start Date
Tenure
Tenure Rank
May 03, 2021
1.08
1.1%
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.
Mark Iong
Start Date
Tenure
Tenure Rank
May 03, 2021
1.08
1.1%
Mark is a Senior Equity Analyst supporting RE Advisers' large- and small-cap value strategies. Mark brings more than 10 years of investment experience, most recently as a senior equity analyst at Chartwell Investment Partners on the large-cap team. Prior to that, he was a senior analyst and portfolio manager at Columbia Partners where he helped oversee growth and value strategies. As an equity analyst, Mark has focoused on stocks in the technology and industrials sectors. Mark is a graduate of Cornell University, where he received a Bachelor of Science degree in operations research and information engineering. He holds the Chartered Financial Anaylst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 34.51 | 6.34 | 2.41 |