Overview:

Fund data as of 09/30/2019 unless otherwise specified.

Investment Objective:

The Fund seeks to maximize total return through capital gains and current income while preserving capital value.

Investment Strategy:

The Fund is actively managed and invests in a diversified portfolio composed primarily of global fixed income securities with an average dollar-weighted duration that normally varies between three to ten years.

Investment Suitability:

This Fund may be suitable for investors who have a medium to long-term investment horizon, seek higher returns than those offered by a shorter maturity bond fund, can accept short-term fluctuations in account value and want to diversify their portfolio with a globally diversified fixed-income investment option.

This Fund invest in high yield securities, commonly known as "junk bonds". While offering higher current yields, these securities generally are considered speculative and are subject to greater risks than higher-rated bonds. Securities of emerging countries may involve additional risks including price volatility, reduced liquidity, currency fluctuation and financial reporting requirements as well as political and economic instability. This Fund is subject to credit risk and interest rate risk. Interest rate risk means, when interest rates rise, the value of the existing bonds decrease and vice versa. Changes in interest rates have a bigger impact on long duration holdings than on short duration holdings.

  • NASDAQ Ticker: GGBFX
  • Inception Date: 12/29/2006
Fund Size ($ in millions)
Total fund net assets for all share classes 574
Number of holdings 587

*Does not include currencies or forward currency contracts

Benchmark^
25% 50% 25%
J.P. Morgan Emerging Markets Bond Index (EMBI) Plus 25%
Bloomberg Barclays Global Aggregate Index - Unhedged 50%
Bloomberg Barclays US Corporate High Yield Index - 2% Issuer Capped 25%
Sub-Adviser Composite
70% 30%
Western Asset Management Company 70%
Loomis, Sayles & Company 30%

Performance

Net Asset Value (as of 11/15/2019)
Net Asset Value $9.97
Inception Date
Inception Date 12/29/2006
FEES AND EXPENSES (annualized)
Gross Expense Ratio 0.83%
Net Expense Ratio 0.83%
Daily Performance (as of 11/15/2019)
One Month 0.24%
Three Month 0.72%
Year To Date 9.53%
One Year 9.89%
Three Year* 4.33%
Five Year* 2.99%
Ten Year* 4.82%
Since Inception* 4.90%
*Returns are annualized.
The performance data quoted represents past performance and does not guarantee future results.
Quarterly Performance (as of 9/30/2019)
Fund Benchmark
Three Month 0.52% 0.29%
YTD 9.16% 8.28%
One Year 7.65% 7.51%
Three Year* 3.40% 2.81%
Five Year* 2.94% 3.46%
Ten Year* 4.98% 4.65%
Since Inception* 4.92% 5.18%
*Returns are annualized.
The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end and complete calendar year may be obtained at GuideStoneFunds.com/funds. The investment return of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance would have been lower without fee waivers and reimbursements to the Fund in effect. Returns exceeding 20% reflect unusual market conditions and may not be sustained at this level over the long term.
Annual Performance (as of 9/30/2019)
Fund Benchmark
2012 12.52% 10.47%
2013 0.20% -1.62%
2014 3.00% 2.45%
2015 -6.00% -2.21%
2016 10.91% 7.62%
2017 7.69% 7.66%
2018 -4.73% -2.41%
Benchmark: J.P. Morgan Emerging Markets Bond Index (EMBI) Plus (25%); Bloomberg Barclays Global Aggregate Index - Unhedged (50%); Bloomberg Barclays US Corporate High Yield Index - 2% Issuer Capped (25%)
The performance data quoted represents past performance and does not guarantee future results.
Morningstar
Morningstar Rating based upon risk-adjusted return as of 10/31/2019
Category: World Bond
(Five Stars) Overall rating among 184 funds in this category.
(Four Stars) Three year rating among 184 funds in this category.
(Five Stars) Five year rating among 174 funds in this category.
(Five Stars) Ten year rating among 103 funds in this category.

©2019 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The Morningstar Rating™ for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds and separate accounts) with at least a 3-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% 3-year rating for 36–59 months of total returns, 60% 5-year rating/40% 3-year rating for 60–119 months of total returns and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods. Ratings are for the share class shown only; other classes may vary. Past performance is no guarantee of future results.

Characteristics

Asset Allocation
97%
Fixed Income 97%
Cash* 3%
Total 100%
* Cash is maintained by the fund for liquidity purposes and may be overlaid with equity and / or U.S. Treasury futures to provide capital market exposure.

Fixed Income Sectors
44.29% 26.99% 16.83%
Corporate 44.29%
Treasury/Agency 26.99%
Non-U.S. 16.83%
Yankee 8.22%
Other 2.67%
ABS 1.00%
Total 100.00%
Duration weighted

Due to rounding, portfolio holdings data may not sum to 100%.

Top Ten Countries
57.98%
United States 57.98%
Mexico 4.28%
Brazil 3.37%
United Kingdom 3.07%
Indonesia 2.81%
Canada 2.79%
Italy 2.65%
Russian Federation 2.03%
Netherlands 1.69%
Turkey 1.59%
Total 82.26%
Risk/Return Characteristics
Standard Deviation 4.56%
R-Squared 80.22%
Beta vs. Benchmark 0.98
Beta vs. Barclays US Agg. 0.58
Sharpe Ratio 0.44
Information Ratio -0.26

Calculated over previous 5 years.

Portfolio Characteristics
Weighted Avg Maturity 7.00 years
Effective Duration 4.78 years
Yield
SEC 30-Day Yield 3.63%
SEC 30-Day Yield (Gross) † 3.63%
Gross Yield reflects yield if fee waivers were not in effect.

Charts

Growth of a Hypothetical $10,000 Investment
Growth of a Hypothetical $10,000 Investment

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Date Value Description

Prospectus & Reports

To keep you up to date on the latest information from GuideStone Funds, below is a list of documents and reports about our mutual funds.


You should carefully consider the investment objectives, risks, charges and expenses of the GuideStone Funds before investing. A prospectus with this and other information about the Funds may be obtained by calling 1-888-GS-FUNDS (1-888-473-8637) or downloading one. It should be read carefully before investing.

GuideStone Funds shares are distributed by Foreside Funds Distributors LLC, not an advisor affiliate. Foreside is not a registered investment adviser and does not provide investment advice.