Shareholder Report | 6 Months Ended |
Jun. 30, 2024 USD ($) Holding |
Shareholder Report [Line Items] | | |
Document Type | N-CSRS | |
Amendment Flag | false | |
Registrant Name | HOMESTEAD FUNDS INC | |
Entity Central Index Key | 0000865733 | |
Document Period End Date | Jun. 30, 2024 | |
C000029057 [Member] | | |
Shareholder Report [Line Items] | | |
Fund Name | Daily Income Fund | |
Class Name | Daily Income Fund | |
Trading Symbol | HDIXX | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Daily Income Fund ("Fund") for the period of January 1, 2024, to June 30, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.homesteadfunds.com/fund-literature/ | |
Additional Information Phone Number | 800.258.3030 | |
Additional Information Website | https://www.homesteadfunds.com/fund-literature/ | |
Expenses [Text Block] | What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment) Fund Cost of a $10,000 investment Cost paid as a percentage Daily Income Fund $ 0.60 % * * Annualized. | |
Expenses Paid, Amount | $ 30 | |
Expense Ratio, Percent | 0.60% | [1] |
Performance Past Does Not Indicate Future [Text] | The returns reflected in the above table represent past performance, which is no guarantee of future results. | |
Average Annual Return [Table Text Block] | Fund Performance AVERAGE ANNUAL TOTAL RETURNS 1 Year 5 Years 10 Years Daily Income Fund 4.86 % 1.78 % 1.10 % Daily Income Fund—excluding sales load 4.86 % 1.78 % 1.10 % | |
No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder may pay on Fund distributions or the redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | To obtain the most recent month-end returns, please visit https://www.homesteadfunds.com/solutions/performance-prices/ | |
Net Assets | $ 220,937,345 | |
Holdings Count | Holding | 68 | |
Additional Fund Statistics [Text Block] | Key Fund Statistics The following table reflects important key statistics as of June 30, 2024. Fund Net Assets $ % Total Number of Portfolio Holdings $ % 7-Day Yield $ % Weighted Average Maturity (Days) $ % | |
Holdings [Text Block] | Graphical Representation of Holdings The table below reflects the investment diversification of the Fund shown as a percentage of total investments of the Fund. Security Diversification U.S. government and agency obligations 94.3 % Short-term and other assets* 5.7 % Total 100.0 % * Represents investment in an unaffiliated U.S. government money market fund. | |
C000029060 [Member] | | |
Shareholder Report [Line Items] | | |
Fund Name | Stock Index Fund | |
Class Name | Stock Index Fund | |
Trading Symbol | HSTIX | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Stock Index Fund ("Fund") for the period of January 1, 2024, to June 30, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.homesteadfunds.com/fund-literature/ | |
Additional Information Phone Number | 800.258.3030 | |
Additional Information Website | https://www.homesteadfunds.com/fund-literature/ | |
Expenses [Text Block] | What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment) Fund Cost of a $10,000 investment Cost paid as a percentage Stock Index Fund $ 0.45 % * * Annualized. | |
Expenses Paid, Amount | $ 24 | |
Expense Ratio, Percent | 0.45% | [2] |
Expenses Represent Both Master and Feeder [Text] | Stock Index Fund operates as a feeder fund with all of its assets invested in the BlackRock S&P 500 Index Master Portfolio ("Master Portfolio"). The expense table reflects the expenses of both the feeder fund and the Master Portfolio. | |
Factors Affecting Performance [Text Block] | Management's Discussion of Fund Performance The Fund returned 7.23% for the six months ended June 30, 2024, trailing its benchmark index, the Standard & Poor’s (“S&P”) 500 ® In the first quarter of 2024, equity markets in the United States continued to build off momentum from the last quarter of 2023. These robust gains were largely driven from continued investor optimism around companies involved in artificial intelligence (AI) development. Strong earnings reports also helped buoy U.S. indices, such as the S&P 500, to all-time highs throughout the first quarter of 2024. Fears of a "valuation bubble" began to emerge later in the quarter given the strong appreciation of technology stocks but strong earnings reports helped mitigate these concerns. In the second quarter of 2024, the S&P 500 continued to notch new all-time highs, pushing the index above 5,450 points in June 2024. Investor optimism from better-than-expected earnings in AI-related technology stocks helped continue the rally in the large-cap market. From a Global Industry Classification Standard sector perspective, information technology (13.81%), communication services (9.37%), and utilities (4.66%) were among the best performers, while materials (-4.50%), industrials (-2.89%), and energy (-2.42%) were among the worst performers. | |
Performance Past Does Not Indicate Future [Text] | The returns reflected in the above table and chart represent past performance, which is no guarantee of future results. | |
Line Graph [Table Text Block] | Fund Performance The following graph compares the account values at June 30 of each of the most recent 10 years of a $10,000 initial investment in the Fund and a broad-based securities market index. GROWTH OF $10,000 | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURNS 1 Year 5 Years 10 Years Stock Index Fund 24.01 % 14.49 % 12.27 % Stock Index Fund—excluding sales load 24.01 % 14.49 % 12.27 % S&P 500 Index 24.56 % 15.05 % 12.86 % | |
No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder may pay on Fund distributions or the redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | To obtain the most recent month-end returns, please visit https://www.homesteadfunds.com/solutions/performance-prices/ | |
Net Assets | $ 250,649,714 | |
Holdings Count | Holding | 507 | |
Investment Company Portfolio Turnover | 4% | |
Additional Fund Statistics [Text Block] | Key Fund Statistics The following table reflects important key statistics as of June 30, 2024. Fund Net Assets $ % Total Number of Portfolio Holdings $ % Portfolio Turnover $ % Both the number of portfolio holdings and portfolio turnover represent the holdings and portfolio turnover of the Master Portfolio in which the Stock Index Fund is fully invested. | |
Holdings [Text Block] | Graphical Representation of Holdings The tables below reflect the investment diversification and top 10 holdings of the Fund, shown as a percentage of total investments of the Fund. Sector Diversification Information technology 32.2 % Financials 13.0 % Health care 11.6 % Consumer discretionary 9.9 % Communication 9.3 % Industrials 8.1 % Consumer staples 5.7 % Energy 3.6 % Utilities 2.2 % Materials 2.3 % Real estate 2.1 % Total 100 % Top 10 Holdings Microsoft Corp. 7.2 % NVIDIA Corp. 6.6 % Apple, Inc. 6.6 % Alphabet, Inc. 4.2 % Amazon.com, Inc. 3.8 % Meta Platforms, Inc. 2.4 % Berkshire Hathaway, Inc. 1.6 % Eli Lilly and Co. 1.6 % Broadcom Inc. 1.5 % JPMorgan Chase & Co. 1.3 % Total 36.8 % | |
Largest Holdings [Text Block] | Top 10 Holdings Microsoft Corp. 7.2 % NVIDIA Corp. 6.6 % Apple, Inc. 6.6 % Alphabet, Inc. 4.2 % Amazon.com, Inc. 3.8 % Meta Platforms, Inc. 2.4 % Berkshire Hathaway, Inc. 1.6 % Eli Lilly and Co. 1.6 % Broadcom Inc. 1.5 % JPMorgan Chase & Co. 1.3 % Total 36.8 % | |
C000029059 [Member] | | |
Shareholder Report [Line Items] | | |
Fund Name | Short-Term Bond Fund | |
Class Name | Short-Term Bond Fund | |
Trading Symbol | HOSBX | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Short-Term Bond Fund ("Fund") for the period of January 1, 2024, to June 30, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.homesteadfunds.com/fund-literature/ | |
Additional Information Phone Number | 800.258.3030 | |
Additional Information Website | https://www.homesteadfunds.com/fund-literature/ | |
Expenses [Text Block] | What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment) Fund Cost of a $10,000 investment Cost paid as a percentage Short-Term Bond Fund $ 0.77 % * * Annualized. | |
Expenses Paid, Amount | $ 39 | |
Expense Ratio, Percent | 0.77% | [3] |
Factors Affecting Performance [Text Block] | Management's Discussion of Fund Performance The Fund returned 1.26% for the six months ended June 30, 2024, outperforming its performance benchmark, the ICE BofA 1-5 Year U.S. Corporate/Government Index, which returned 1.09%. Key contributors to the Fund’s outperformance were its allocations to asset-backed securities, corporate bonds (both financials and industrials), collateralized mortgage obligations (CMOs), and mortgage-backed securities (MBS), which contributed significantly as investment-grade credit spreads narrowed. The Fund benefited from strategic yield curve positioning and effective duration management. The Fund’s underweight position in U.S. Treasuries and security selection generally detracted from performance. Security selection had a slight negative impact, offsetting previous gains from sector allocation and interest rate positioning. During the period, the team strategically added to the Fund’s duration to benefit from interest rate volatility as inflation data delayed expected rate cuts to late 2024. Allocations to corporate bonds, CMOs, and MBS were increased while reducing allocations to U.S. Treasuries, to improve yield and capitalize on market opportunities. | |
Performance Past Does Not Indicate Future [Text] | The returns reflected in the above table and chart represent past performance, which is no guarantee of future results. | |
Line Graph [Table Text Block] | Fund Performance The following graph compares the account values at June 30 of each of the most recent 10 years of a $10,000 initial investment in 1) the Fund, 2) a regulatory benchmark, and 3) a performance benchmark. GROWTH OF $10,000 | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURNS 1 Year 5 Years 10 Years Short-Term Bond Fund 4.94 % 1.17 ) % 1.45 % Short-Term Bond Fund—excluding sales load 4.94 % 1.17 ) % 1.45 % Regulatory Benchmark - Bloomberg U.S. Aggregate Index 2.63 % (0.23 ) % 1.35 % Performance Benchmark - ICE BofA 1-5 Year Corp./Gov. Index 4.77 % 1.06 ) % 1.45 % | |
No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder may pay on Fund distributions or the redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | To obtain the most recent month-end returns, please visit https://www.homesteadfunds.com/solutions/performance-prices/ | |
Net Assets | $ 433,162,274 | |
Holdings Count | Holding | 279 | |
Investment Company Portfolio Turnover | 199% | |
Additional Fund Statistics [Text Block] | Key Fund Statistics The following table reflects important key statistics as of June 30, 2024. Fund Net Assets $ % Total Number of Portfolio Holdings $ % Portfolio Turnover $ % Weighted Average Maturity (Years) $ % | |
Holdings [Text Block] | Graphical Representation of Holdings The table below reflects the investment diversification of the Fund shown as a percentage of total investments of the Fund. Security Diversification Corporate bonds—other 37.7 % U.S. government and agency obligations 22.7 % Asset-backed securities 13.4 % Mortgage-backed securities 12.8 % Yankee bonds 11.5 % Corporate bonds—government guaranteed 0.7 % Municipal bonds 0.5 % Short-term and other assets 0.7 % Total 100.0 % | |
C000029062 [Member] | | |
Shareholder Report [Line Items] | | |
Fund Name | Small-Company Stock Fund | |
Class Name | Small-Company Stock Fund | |
Trading Symbol | HSCSX | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Small-Company Stock Fund ("Fund") for the period of January 1, 2024, to June 30, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.homesteadfunds.com/fund-literature/ | |
Additional Information Phone Number | 800.258.3030 | |
Additional Information Website | https://www.homesteadfunds.com/fund-literature/ | |
Expenses [Text Block] | What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment) Fund Cost of a $10,000 investment Cost paid as a percentage Small-Company Stock Fund $ 1.09 % * * Annualized. | |
Expenses Paid, Amount | $ 55 | |
Expense Ratio, Percent | 1.09% | [4] |
Factors Affecting Performance [Text Block] | Management's Discussion of Fund Performance The Fund returned 1.48% for the six months ended June 30, 2024, slightly underperforming its performance benchmark, the Russell 2000 Index, which returned 1.73%. Negative stock selection, particularly in the consumer discretionary sector, was the primary driver of the Fund’s underperformance. Malibu Boats, Inc ARKO Corp. Malibu Boats, Inc Overweight sector allocations in information technology and industrials, coupled with strong selection in the latter, positively impacted the Fund’s returns. Comfort Systems USA, Inc Medpace Holdings, Inc., | |
Performance Past Does Not Indicate Future [Text] | The returns reflected in the above table and chart represent past performance, which is no guarantee of future results. | |
Line Graph [Table Text Block] | Fund Performance The following graph compares the account values at June 30 of each of the most recent 10 years of a $10,000 initial investment in 1) the Fund, 2) a regulatory benchmark, and 3) a performance benchmark. GROWTH OF $10,000 | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURNS 1 Year 5 Years 10 Years Small-Company Stock Fund 8.09 % 8.16 % 5.72 % Small-Company Stock Fund—excluding sales load 8.09 % 8.16 % 5.72 % Regulatory Benchmark - S&P 500 Index 24.56 % 15.05 % 12.86 % Performance Benchmark - Russell 2000 Index 10.06 % 6.94 % 7.00 % | |
No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder may pay on Fund distributions or the redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | To obtain the most recent month-end returns, please visit https://www.homesteadfunds.com/solutions/performance-prices/ | |
Net Assets | $ 235,315,257 | |
Holdings Count | Holding | 52 | |
Investment Company Portfolio Turnover | 7% | |
Additional Fund Statistics [Text Block] | Key Fund Statistics The following table reflects important key statistics as of June 30, 2024. Fund Net Assets $ % Total Number of Portfolio Holdings $ % Portfolio Turnover $ % | |
Holdings [Text Block] | Graphical Representation of Holdings The tables below reflect the investment diversification and the top 10 holdings of the Fund, shown as a percentage of total investments of the Fund. Sector Diversification Industrials 25.8 % Information technology 17.4 % Health care 15.4 % Financials 15.0 % Energy 8.5 % Consumer discretionary 6.9 % Materials 6.7 % Real estate 3.1 % Short-term and other assets 1.2 % Total 100.0 % Top 10 Holdings Applied Industrial Technologies, Inc. 4.0 % Federal Signal Corp. 3.9 % Medpace Holdings, Inc. 3.8 % Integer Holdings Corp. 3.8 % Altair Engineering Inc. 3.7 % Comfort Systems USA, Inc. 3.6 % Summit Materials, Inc. 3.5 % Descartes Systems Group Inc. (The) 3.2 % Avient Corp. 3.2 % Atkore Inc. 3.1 % Total 35.8 % | |
Largest Holdings [Text Block] | Top 10 Holdings Applied Industrial Technologies, Inc. 4.0 % Federal Signal Corp. 3.9 % Medpace Holdings, Inc. 3.8 % Integer Holdings Corp. 3.8 % Altair Engineering Inc. 3.7 % Comfort Systems USA, Inc. 3.6 % Summit Materials, Inc. 3.5 % Descartes Systems Group Inc. (The) 3.2 % Avient Corp. 3.2 % Atkore Inc. 3.1 % Total 35.8 % | |
C000029063 [Member] | | |
Shareholder Report [Line Items] | | |
Fund Name | International Equity Fund | |
Class Name | International Equity Fund | |
Trading Symbol | HISIX | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the International Equity Fund ("Fund") for the period of January 1, 2024, to June 30, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.homesteadfunds.com/fund-literature/ | |
Additional Information Phone Number | 800.258.3030 | |
Additional Information Website | https://www.homesteadfunds.com/fund-literature/ | |
Expenses [Text Block] | What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment) Fund Cost of a $10,000 investment Cost paid as a percentage International Equity Fund $ 1.15 % * * Annualized. | |
Expenses Paid, Amount | $ 57 | |
Expense Ratio, Percent | 1.15% | [5] |
Factors Affecting Performance [Text Block] | Management's Discussion of Fund Performance The Fund returned 0.86% for the six months ended June 30, 2024, trailing its benchmark index, the MSCI EAFE Index, which returned 5.34%. By sector, poor performing stocks in health care significantly detracted from the Fund’s relative returns. Within health care, Japanese biopharma holdings Chugai Pharmaceutical Shionogi Genmab Novo Nordisk Our holdings in information technology also detracted from returns, despite strong performance from Taiwan Semiconductor Dassault Systemes Infineon Technologies Infineon SAP Viewed by geography, we had poor relative returns in Japan and Europe, both outside the eurozone and inside the eurozone. Strong performing stocks in Canada and the portfolio’s modest exposure to emerging markets, which are not held in the index, contributed to relative performance. In Japan conglomerate Sony Manulife | |
Performance Past Does Not Indicate Future [Text] | The returns reflected in the above table and chart represent past performance, which is no guarantee of future results. | |
Line Graph [Table Text Block] | Fund Performance The following graph compares the account values at June 30 of each of the most recent 10 years of a $10,000 initial investment in the Fund and a broad-based securities market index. GROWTH OF $10,000 | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURNS 1 Year 5 Years 10 Years International Equity Fund 5.23 % 6.24 % 4.67 % International Equity Fund—excluding sales load 5.23 % 6.24 % 4.67 % MSCI ® ® 11.54 % 6.46 % 4.33 % | |
No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder may pay on Fund distributions or the redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | To obtain the most recent month-end returns, please visit https://www.homesteadfunds.com/solutions/performance-prices/ | |
Net Assets | $ 87,315,208 | |
Holdings Count | Holding | 50 | |
Investment Company Portfolio Turnover | 7% | |
Additional Fund Statistics [Text Block] | Key Fund Statistics The following table reflects important key statistics as of June 30, 2024. Fund Net Assets $ % Total Number of Portfolio Holdings $ % Portfolio Turnover $ % | |
Holdings [Text Block] | Graphical Representation of Holdings The tables below reflect the investment diversification and the top 10 holdings of the Fund, shown as a percentage of total investments of the Fund. Country Diversification Japan 16.0 % Germany 12.2 % France 9.8 % Britain 9.6 % Sweden 9.3 % Switzerland 8.5 % Canada 8.0 % Singapore 4.0 % Denmark 3.7 % Spain 3.1 % Taiwan 2.1 % Australia 2.1 % United States of America 2.1 % Hong Kong 1.8 % Republic of South Korea 1.5 % Netherlands 1.3 % India 1.0 % China 1.0 % Russia 0.0 % Indonesia 0.3 % Short-term and other assets 2.6 % Total 100.0 % Top 10 Holdings Shell PLC 4.2 % Manulife Financial Corp. 4.0 % DBS Group Holdings Ltd. 4.0 % Schneider Electric SE 3.6 % Allianz SE REG 3.5 % Roche Holding AG REG 3.3 % Chugai Pharmaceutical Co., Ltd. 3.3 % SAP SE ADR 3.2 % Haleon PLC 3.2 % Banco Bilboa Vizcaya Argentaria SA 3.1 % Total 35.4 % | |
Largest Holdings [Text Block] | Top 10 Holdings Shell PLC 4.2 % Manulife Financial Corp. 4.0 % DBS Group Holdings Ltd. 4.0 % Schneider Electric SE 3.6 % Allianz SE REG 3.5 % Roche Holding AG REG 3.3 % Chugai Pharmaceutical Co., Ltd. 3.3 % SAP SE ADR 3.2 % Haleon PLC 3.2 % Banco Bilboa Vizcaya Argentaria SA 3.1 % Total 35.4 % | |
C000029058 [Member] | | |
Shareholder Report [Line Items] | | |
Fund Name | Short-Term Government Securities Fund | |
Class Name | Short-Term Government Securities Fund | |
Trading Symbol | HOXGX | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Short-Term Government Securities Fund ("Fund") for the period of January 1, 2024, to June 30, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.homesteadfunds.com/fund-literature/ | |
Additional Information Phone Number | 800.258.3030 | |
Additional Information Website | https://www.homesteadfunds.com/fund-literature/ | |
Expenses [Text Block] | What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment) Fund Cost of a $10,000 investment Cost paid as a percentage Short-Term Government Securities Fund $ 0.75 % * * Annualized. | |
Expenses Paid, Amount | $ 37 | |
Expense Ratio, Percent | 0.75% | [6] |
Factors Affecting Performance [Text Block] | Management's Discussion of Fund Performance The Fund returned 0.97% for the six months ended June 30, 2024, outperforming its performance benchmark, the ICE BofA 1-5 Year U.S. Treasury Index, which returned 0.80%. Key contributors to the Fund’s outperformance were its allocation to sectors not included in the performance benchmark, such as securities of agencies backed by the full faith and credit of the U.S. government, mortgage-backed securities (MBS), collateralized mortgage obligations (CMOs), and asset-backed securities. The Fund benefited from strategic yield curve positioning and effective duration management. The Fund’s underweight position in U.S. Treasuries and security selection generally detracted from performance, offsetting previous gains achieved through sector allocation and interest rate positioning. During the period, the team strategically added to the Fund’s duration to benefit from interest rate volatility as inflation data delayed expected rate cuts to late 2024. By utilizing maturities and principal paydowns from agencies, the team increased allocations to CMOs and MBS. | |
Performance Past Does Not Indicate Future [Text] | The returns reflected in the above table and chart represent past performance, which is no guarantee of future results. | |
Line Graph [Table Text Block] | Fund Performance The following graph compares the account values at June 30 of each of the most recent 10 years of a $10,000 initial investment in 1) the Fund, 2) a regulatory benchmark, and 3) a performance benchmark. GROWTH OF $10,000 | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURNS 1 Year 5 Years 10 Years Short-Term Government Securities Fund 4.53 % 0.76 ) % 0.94 % Short-Term Government Securities Fund—excluding sales load 4.53 % 0.76 ) % 0.94 % Regulatory Benchmark - Bloomberg U.S. Aggregate Index 2.63 % (0.23 ) % 1.35 % Performance Benchmark - ICE BofA 1-5 Year U.S. Treasury Index 4.16 % 0.76 ) % 1.15 % | |
No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder may pay on Fund distributions or the redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | To obtain the most recent month-end returns, please visit https://www.homesteadfunds.com/solutions/performance-prices/ | |
Net Assets | $ 56,544,180 | |
Holdings Count | Holding | 98 | |
Investment Company Portfolio Turnover | 269% | |
Additional Fund Statistics [Text Block] | Key Fund Statistics The following table reflects important key statistics as of June 30, 2024. Fund Net Assets $ % Total Number of Portfolio Holdings $ % Portfolio Turnover $ % Weighted Average Maturity (Years) $ % | |
Holdings [Text Block] | Graphical Representation of Holdings The table below reflects the investment diversification of the Fund shown as a percentage of total investments of the Fund. Security Diversification U.S. government and agency obligations 48.8 % Mortgage-backed securities 29.1 % Corporate bonds—government guaranteed 11.7 % Corporate bonds—other 4.5 % Asset-backed securities 3.7 % Short-term and other assets* 2.2 % Total 100.0 % * Represents investment in an unaffiliated U.S. government money market fund. | |
C000029061 [Member] | | |
Shareholder Report [Line Items] | | |
Fund Name | Value Fund | |
Class Name | Value Fund | |
Trading Symbol | HOVLX | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Value Fund ("Fund") for the period of January 1, 2024, to June 30, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.homesteadfunds.com/fund-literature/ | |
Additional Information Phone Number | 800.258.3030 | |
Additional Information Website | https://www.homesteadfunds.com/fund-literature/ | |
Expenses [Text Block] | What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment) Fund Cost of a $10,000 investment Cost paid as a percentage Value Fund $ 0.64 % * * Annualized. | |
Expenses Paid, Amount | $ 33 | |
Expense Ratio, Percent | 0.64% | [7] |
Factors Affecting Performance [Text Block] | Management's Discussion of Fund Performance The Fund returned 9.88% for the six months ended June 30, 2024, outperforming its performance benchmark, the Russell 1000 Value Index, which returned 6.62%. There were two major themes during the period: the potential timing of the Federal Reserve to cut interest rates and the increased enthusiasm over artificial intelligence (AI). Sector allocation was negative during the period, primarily from overweights in the health care and consumer discretionary sectors. An overweight to the industrial sector had a slightly positive effect. Stock selection was good during the six-month period particularly within the telecommunications and technology sectors. Meta Platform Negatively impacting performance was Ulta Beauty Centene | |
Performance Past Does Not Indicate Future [Text] | The returns reflected in the above table and chart represent past performance, which is no guarantee of future results. | |
Line Graph [Table Text Block] | Fund Performance The following graph compares the account values at June 30 of each of the most recent 10 years of a $10,000 initial investment in 1) the Fund, 2) a regulatory benchmark, and 3) a performance benchmark. GROWTH OF $10,000 | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURNS 1 Year 5 Years 10 Years Value Fund 19.84 % 11.63 % 10.36 % Value Fund—excluding sales load 19.84 % 11.63 % 10.36 % Regulatory Benchmark - S&P 500 Index 24.56 % 15.05 % 12.86 % Performance Benchmark - Russell 1000 Value Index 13.06 % 9.01 % 8.23 % | |
No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder may pay on Fund distributions or the redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | To obtain the most recent month-end returns, please visit https://www.homesteadfunds.com/solutions/performance-prices/ | |
Net Assets | $ 1,011,917,316 | |
Holdings Count | Holding | 48 | |
Investment Company Portfolio Turnover | 6% | |
Additional Fund Statistics [Text Block] | Key Fund Statistics The following table reflects important key statistics as of June 30, 2024. Fund Net Assets $ % Total Number of Portfolio Holdings $ % Portfolio Turnover $ % | |
Holdings [Text Block] | Graphical Representation of Holdings The tables below reflect the investment diversification and the top 10 holdings of the Fund, shown as a percentage of total investments of the Fund. Sector Diversification Financials 21.0 % Health care 17.3 % Industrials 17.2 % Information technology 9.1 % Communication services 8.5 % Energy 7.5 % Consumer discretionary 7.3 % Materials 6.1 % Real estate 4.0 % Consumer staples 0.7 % Short-term and other assets 1.3 % Total 100.0 % Top 10 Holdings JPMorgan Chase & Co. 4.2 % Parker-Hannifin Corp. 4.0 % Meta Platforms, Inc. 3.6 % Honeywell International, Inc. 3.5 % Goldman Sachs Group, Inc. 3.4 % Alphabet, Inc. 3.1 % AbbVie Inc. 3.0 % Lam Research Corp. 3.0 % Fiserv, Inc. 2.9 % Boston Scientific Corp. 2.8 % Total 33.5 % | |
Largest Holdings [Text Block] | Top 10 Holdings JPMorgan Chase & Co. 4.2 % Parker-Hannifin Corp. 4.0 % Meta Platforms, Inc. 3.6 % Honeywell International, Inc. 3.5 % Goldman Sachs Group, Inc. 3.4 % Alphabet, Inc. 3.1 % AbbVie Inc. 3.0 % Lam Research Corp. 3.0 % Fiserv, Inc. 2.9 % Boston Scientific Corp. 2.8 % Total 33.5 % | |
C000029064 [Member] | | |
Shareholder Report [Line Items] | | |
Fund Name | Growth Fund | |
Class Name | Growth Fund | |
Trading Symbol | HNASX | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Growth Fund ("Fund") for the period of January 1, 2024, to June 30, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.homesteadfunds.com/fund-literature/ | |
Additional Information Phone Number | 800.258.3030 | |
Additional Information Website | https://www.homesteadfunds.com/fund-literature/ | |
Expenses [Text Block] | What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment) Fund Cost of a $10,000 investment Cost paid as a percentage Growth Fund $ 0.84 % * * Annualized. | |
Expenses Paid, Amount | $ 46 | |
Expense Ratio, Percent | 0.84% | [8] |
Factors Affecting Performance [Text Block] | Management's Discussion of Fund Performance The Fund returned 21.78% for the six months ended June 30, 2024, outperforming its performance benchmark, the Russell 1000 Growth Index, which returned 20.70%. Broadly speaking, both security selection and sector allocation drove relative performance. The consumer discretionary sector contributed significantly to relative results due to favorable security selection. Shares of Amazon.com An underweight allocation to and favorable stock selection in the industrials and business services sector also aided relative performance. Howmet Aerospace An overweight allocation to the communication services sector further contributed to relative returns. We continue to find attractive opportunities in communication services companies with innovative business models that we believe can take advantage of transformational change, such as Meta Platforms In contrast, the financials sector was a notable detractor from relative performance due to an overweight exposure and security selection. Our out-of-benchmark position in Global Payments Unfavorable stock choices and an overweight allocation to the health care sector, including our significant position in UnitedHealth Group | |
Performance Past Does Not Indicate Future [Text] | The returns reflected in the above table and chart represent past performance, which is no guarantee of future results. | |
Line Graph [Table Text Block] | Fund Performance The following graph compares the account values at June 30 of each of the most recent 10 years of a $10,000 initial investment in 1) the Fund, 2) a regulatory benchmark, and 3) a performance benchmark. GROWTH OF $10,000 | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURNS 1 Year 5 Years 10 Years Growth Fund 36.94 % 16.15 % 15.45 % Growth Fund—excluding sales load 36.94 % 16.15 % 15.45 % Regulatory Benchmark - S&P 500 Index 24.56 % 15.05 % 12.86 % Performance Benchmark - Russell 1000 Growth Index 33.48 % 19.34 % 16.33 % | |
No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder may pay on Fund distributions or the redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | To obtain the most recent month-end returns, please visit https://www.homesteadfunds.com/solutions/performance-prices/ | |
Net Assets | $ 372,990,918 | |
Holdings Count | Holding | 54 | |
Investment Company Portfolio Turnover | 9% | |
Additional Fund Statistics [Text Block] | Key Fund Statistics The following table reflects important key statistics as of June 30, 2024. Fund Net Assets $ % Total Number of Portfolio Holdings $ % Portfolio Turnover $ % | |
Holdings [Text Block] | Graphical Representation of Holdings The tables below reflect the investment diversification and the top 10 holdings of the Fund, shown as a percentage of total investments of the Fund. Sector Diversification Information technology 45.1 % Health care 14.4 % Communication services 14.3 % Consumer discretionary 12.5 % Financials 8.9 % Industrials 2.9 % Consumer staples 0.8 % Energy 0.6 % Short-term and other assets 0.5 % Total 100.0 % Top 10 Holdings Microsoft Corp. 13.4 % NVIDIA Corp. 10.7 % Amazon.com, Inc. 7.8 % Alphabet, Inc. 7.2 % Apple, Inc. 6.6 % Meta Platforms, Inc. 4.7 % Intuit, Inc. 3.2 % UnitedHealth Group, Inc. 3.1 % Mastercard Inc. 2.9 % Eli Lilly & Co. 2.6 % Total 62.2 % | |
Largest Holdings [Text Block] | Top 10 Holdings Microsoft Corp. 13.4 % NVIDIA Corp. 10.7 % Amazon.com, Inc. 7.8 % Alphabet, Inc. 7.2 % Apple, Inc. 6.6 % Meta Platforms, Inc. 4.7 % Intuit, Inc. 3.2 % UnitedHealth Group, Inc. 3.1 % Mastercard Inc. 2.9 % Eli Lilly & Co. 2.6 % Total 62.2 % | |
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[1]Annualized.[2]Annualized.[3]Annualized.[4]Annualized.[5]Annualized.[6]Annualized.[7]Annualized.[8]Annualized. |