Homestead Funds Short-Term Bond Fund is an open-end mutual fund focused on high-quality, short-duration fixed income. Its primary objective is to deliver a high level of income while seeking minimal fluctuation of principal, achieved by investing in investment-grade debt such as corporate bonds, U.S. Treasury and agency securities, municipal bonds, commercial paper, asset- and mortgage-backed securities, and U.S. dollar–denominated Yankee bonds. The portfolio typically maintains an average maturity of three years or less, positioning it within the short-term bond category where interest rate sensitivity is comparatively limited. The fund tracks its results against the ICE BofA 1–5 Year Corporate/Government Index as a relevant benchmark for short-duration, investment-grade exposure. It is structured as a no-load fund with a stated expense ratio of 0.77% and has attained scale with hundreds of millions in net assets. By emphasizing diversified, high-quality holdings and a moderate duration profile, Homestead Funds Short-Term Bond Fund serves as a core short-term fixed income option for investors seeking steady income generation and capital stability within a broader asset allocation.
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