Fund Evaluator:
Homestead Growth (HNASX)
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Best Performing in Large Growth Over the Last Year
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Fund Details
Homestead Growth Overview
Homestead Growth (HNASX) is an actively managed U.S. Equity Large Growth fund. Homestead launched the fund in 2001.
The investment seeks to provide long-term capital appreciation. The fund normally will invest at least 80% of net assets (including any borrowings for investment purposes) in the common stocks of large companies. A large company is defined as one whose market capitalization is larger than the median market capitalization of companies in the Russell 1000 Growth Index, a widely used benchmark of the largest domestic growth stocks.
About Homestead Growth (HNASX)
There are 1 members of the management team with an average tenure of 1.49 years: Jon Friar (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Growth TR USD index with a weighting of 100%. Homestead Growth has 51 securities in its portfolio. The top 10 holdings constitute 57.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Homestead Growth is part of the Equity global asset class and is within the U.S. Equity fund group. Homestead Growth has 4.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.9%. There is 4.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Homestead Growth has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $433 million in total assets, which is below the $2 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
HNASX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Homestead Growth expense ratio is above average compared to funds in the Large Growth category. Homestead Growth has an expense ratio of 0.79%, which is 18% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Homestead Growth has a portfolio turnover rate of 35%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.
Recently, in the month of June 2026, Homestead Growth returned -3.1%, which earned it a grade of D, as the Large Growth category had an average return of -1.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Homestead Growth has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income semi-annually and its capital gains semi-annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Homestead Growth Grades
Year to date, the fund has returned 1.9%, 5.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 10.3% over the past year (grade of D), 20.6% over the past three years (grade of C) and 9.8% per year over the past five years (grade of C) and 17.5% per year over the past 10 years (grade of B).
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HNASX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HNASX Return (NAV) | -3.1% | 15.7% | 10.3% | 20.6% | 9.8% | 17.5% |
| HNASX Grade | D | D | D | C | C | B |
| +/- Category | -1.8% | -2.1% | -5.5% | -0.1% | -0.2% | 1.2% |
| Large Growth Avg | -1.3% | 17.8% | 15.9% | 20.7% | 10.0% | 16.4% |
| HNASX Tax Cost Ratio | na | na | 3.2% | 1.9% | 1.8% | 1.6% |
HNASX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HNASX Return (NAV) | 1.9% | 17.1% | 30.9% | 47.8% | -33.5% | 17.1% | 38.6% | 28.4% | 4.0% | 37.7% | 2.5% |
| HNASX Grade | F | B | C | A | D | D | C | F | A | A | C |
| +/- Category | -5.2% | 1.4% | 1.3% | 9.0% | -1.4% | -3.4% | -3.4% | -4.8% | 4.7% | 7.9% | -0.2% |
| Large Growth Avg | 7.1% | 15.7% | 29.6% | 38.8% | -32.0% | 20.5% | 42.0% | 33.2% | -0.7% | 29.8% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 16.1% |
| Total Risk Index: | 1.33 - Above Average |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (30% Rank) |
| Beta: | 1.16 |
| R-Squared: | 88% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $433 Mil |
| Fund Total Assets: | $ 434 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 35% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.5 years | |||
| Average Tenure: 1.5 years | |||
| Managers (Year): Friar Jon (2025) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 51 |
| % in Top 10 Holdings: | 57.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.4% |
Portfolio Allocation |
|
| Domestic Stock: | 94.9% |
| Foreign Stock: | 4.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.7% |
Purchase Information
| Fund Family: | Homestead |
| Phone Number: | 800-258-3030 |
| Website: | www.homesteadfunds.com |
| Status: | Open |
| Inception Date: | January 22, 2001 |
| Min. Initial Purchase: | $ 500 |
| Min. Initial IRA Purchase: | $ 200 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.79% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | Homestead Growth |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
