About HOVLX
Homestead Funds, Inc. Value Fund is an actively managed mutual fund focused on U.S. large-cap value equities. The fund’s primary objective is long-term growth of capital, with secondary attention to providing current income. It seeks to achieve these aims by investing predominantly in common stocks of companies with market capitalizations of $2 billion or greater that, according to the fund’s managers, are trading below their intrinsic value. The selection process emphasizes factors like potential earning power, financial debt ratios, and a company's competitive advantages.
The Value Fund typically maintains a diversified portfolio across sectors such as financial services, technology, industrials, healthcare, and communication services. Top holdings often include prominent names like JPMorgan Chase, Goldman Sachs, Fiserv, and Meta Platforms. With an expense ratio notably below the category average, the fund positions itself as a cost-effective option for investors seeking exposure to the large value segment. Since its inception in 1990, the Value Fund has served as a tool for investors aiming for steady capital appreciation via disciplined value investing strategies in the U.S. stock market.
Fund Family Homestead
Category Large Value
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol HOVLX
Index Russell 1000 Value TR
HOVLX had a total return of 16.98% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.41%.
