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 1/24/2020)
Net Asset Value $10.04
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 1/24/2020)
One Month 0.82%
Three Month 1.77%
Year To Date 0.51%
One Year 9.03%
Three Year* 4.17%
Five Year* 3.42%
Ten Year* 4.71%
Since Inception* 4.98%
*Returns are annualized.
The performance data quoted represents past performance and does not guarantee future results.
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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.
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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.
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Morningstar
Morningstar Rating based upon risk-adjusted return as of 12/31/2019
Category: World Bond
(Five Stars) Overall rating among 181 funds in this category.
(Four Stars) Three year rating among 181 funds in this category.
(Five Stars) Five year rating among 171 funds in this category.
(Five Stars) Ten year rating among 102 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.

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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.

 

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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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Historical Prices & Distributions

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Historical Prices & Distributions

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The table below lists NAVs, dividends, long-term capital gains and short-term capital gains for the time period selected.

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.

Portfolio composition subject to change at any time.

^ The Bloomberg Barclays Global Aggregate Index – Unhedged is a flagship measure of global investment grade debt. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers. The Bloomberg Barclays US Corporate High Yield Index – 2% Issuer Capped is an issuer-constrained version of the flagship Bloomberg Barclays US Corporate High Yield Index, which measures the U.S. dollar-denominated, high yield, fixed-rate corporate bond market. The index follows the same rules as the uncapped version but limits the exposure of each issuer to 2% of the total market value and redistributes any excess market value index-wide on a pro rata basis. The J.P. Morgan Emerging Markets Bond Index (EMBI) Plus is a traditional, market-capitalization weighted index comprised of U.S. dollar-denominated Brady bonds, Eurobonds and traded loans issued by sovereign entities. Information has been obtained from sources believed to be reliable, but J.P. Morgan does not warrant its completeness or accuracy. The index may not be copied, used or distributed without J.P. Morgan’s prior written approval. Copyright 2018, J.P. Morgan Chase & Co. All rights reserved. All indexes used with permission. It is not possible to invest directly in an index.

Weighted Average Maturity is the average amount of time remaining before the debt securities in a portfolio mature.

Duration - A measure of the sensitivity, or volatility, of fixed income investments to changes in interest rates.

Standard Deviation — Depicts how widely returns varied over a certain period of time. A high standard deviation implies greater volatility and greater risk.

R-squared - Shows the percentage of a fund's performance that is explained by movements in the benchmark index. An R-squared of 100% indicates that all movements of a fund can be explained by movements in the benchmark.

Beta vs. Benchmark - Beta is a measure of a fund's sensitivity to market movements as defined by the fund's benchmark. A fund with a higher beta relative to the benchmark is more volatile than the benchmark.

Beta vs Bloomberg Barclays US Aggregate Bond Index - Beta is a measure of a fund's sensitivity to market movements as defined by the Bloomberg Barclays US Aggregate Bond Index.

Sharpe Ratio - A risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better the fund's historical risk adjusted performance.

Information Ratio - Measures how much the fund outperformed the benchmark per unit of additional risk taken.

Net Asset Value — The Net Asset Value (NAV) is calculated by taking the closing market value of all the investments owned by the Fund, plus all other assets such as cash, subtracting all liabilities, then dividing the result (total net assets) by the total number of shares outstanding.

Record Date — The distribution that an investor receives is calculated based on the number of shares that an investor owns on Record Date, typically using the share balance in an investor's account at the close of that day’s business.

Pay / Reinvest Date — The date on which distributions are posted to accounts for reinvestment or paid to shareholders who take distributions in cash.

Dividends — Dividends are income distributions to shareholders out of income from the fund's investments.

Short-Term Capital Gains — Distributions to shareholders derived from the profit of the sale of stocks or bonds held within the Fund for a period of one year or less.

Long-Term Capital Gains — Distributions to shareholders derived from the profit of the sale of stocks or bonds held within the Fund for a period of more than one year.