Fund Evaluator:
Homestead Intermediate Bond (HOIBX)
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Fund Details
Homestead Intermediate Bond Overview
Homestead Intermediate Bond (HOIBX) is an actively managed Taxable Bond Intermediate Core Bond fund. Homestead launched the fund in 2019.
The investment seeks to provide a high level of current income consistent with preservation of capital through investments in bonds and other debt securities. 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").
About Homestead Intermediate Bond (HOIBX)
There are 2 members of the management team with an average tenure of 7.25 years: Mauricio Agudelo (2019), Ivan Naranjo (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Homestead Intermediate Bond has 278 securities in its portfolio. The top 10 holdings constitute 30.9% 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 Intermediate Bond is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Homestead Intermediate Bond has 8.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.6% (89.5% domestic bond, 8.1% foreign bond and 0.0% convertible bond). Homestead Intermediate Bond has 2.4% of the portfolio in cash.
Assets Under Management
The fund has $147 million in total assets, which is below the $3 billion average for the Intermediate Core Bond 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.
HOIBX 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 Intermediate Bond expense ratio is high compared to funds in the Intermediate Core Bond category. Homestead Intermediate Bond has an expense ratio of 0.80%, which is 41% higher than its category average, making the fund expense ratio grade a D. 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 Intermediate Bond has a portfolio turnover rate of 183%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 151% for the Intermediate Core Bond category.
Recently, in the month of July 2026, Homestead Intermediate Bond returned -1.4%, which earned it a grade of D, as the Intermediate Core Bond 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 Intermediate Bond has a trailing yield of 3.75%, which is below the 4.04% category average. The fund normally distributes its income monthly.
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 Intermediate Bond Grades
Year to date, the fund has returned -0.9%, 0.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 2.1% over the past year (grade of F), 3.6% over the past three years (grade of D) and -0.5% per year over the past five years (grade of C).
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HOIBX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HOIBX Return (NAV) | -1.4% | -1.0% | 2.1% | 3.6% | -0.5% | na |
| HOIBX Grade | D | F | F | D | C | na |
| +/- Category | -0.1% | -0.2% | -0.4% | -0.1% | 0.0% | na |
| Intermediate Core Bond Avg | -1.3% | -0.8% | 2.5% | 3.7% | -0.5% | 1.4% |
| HOIBX Tax Cost Ratio | na | na | 1.5% | 1.5% | 1.2% | na |
HOIBX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HOIBX Return (NAV) | -0.9% | 6.5% | 1.7% | 6.3% | -13.4% | -1.1% | 8.7% | na | na | na | na |
| HOIBX Grade | D | F | B | A | C | B | B | na | na | na | na |
| +/- Category | -0.2% | -0.5% | 0.1% | 0.7% | -0.2% | 0.3% | 0.6% | na | na | na | na |
| Intermediate Core Bond Avg | -0.7% | 7.0% | 1.6% | 5.6% | -13.2% | -1.5% | 8.1% | 8.5% | -0.4% | 3.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 5.5% |
| Total Risk Index: | 0.45 - Low |
| Category Risk Index: | 0.99 - Below Average |
| Category Risk Grade: | B (32% Rank) |
| Beta: | 0.98 |
| R-Squared: | 99% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 3.8% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $147 Mil |
| Fund Total Assets: | $ 148 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 183% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 7.3 years | |||
| Average Tenure: 7.3 years | |||
| Managers (Year): Agudelo Mauricio (2019), Naranjo Ivan (2019) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 278 |
| % in Top 10 Holdings: | 30.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 8.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 89.5% |
| Foreign Bond: | 8.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.4% |
Purchase Information
| Fund Family: | Homestead |
| Phone Number: | 800-258-3030 |
| Website: |
| Status: | Open |
| Inception Date: | May 1, 2019 |
| 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 (%): | 0.80% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.57% |
| Share Class: | Homestead Intermediate Bond |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
