Fund data as of 12/31/2020 unless otherwise specified.
The Fund seeks to maximize total return through capital gains and current income while preserving capital value.
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 and 10 years.
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 may invest, to a large extent, in high yield securities ("junk bonds"). These securities involve greater risks of default, are more volatile than bonds rated investment grade and are inherently speculative. Obligations of foreign issuers may be negatively impacted by political events, economic conditions or inefficient, illiquid or unregulated markets in foreign countries, and they also may be subject to inadequate regulatory or accounting standards, which may increase investment risk. Investing in emerging markets may involve greater risks than investing in more developed foreign markets because, among other things, emerging markets often have more political and economic instability. This Fund is subject to interest rate risk, meaning, when interest rates rise, the value of the existing fixed income securities decreases and vice versa. Changes in interest rates have a bigger impact on long-duration holdings than on short-duration holdings. This description of risks is provided as a summary of the principal investment risks associated with this mutual fund. Refer to the Fund's prospectus for more detailed risk information.
- NASDAQ Ticker: GGBFX
- Inception Date: 12/29/2006
|Total fund net assets for all share classes||$579|
|Number of holdings||833|
*Does not include currencies or forward currency contracts
Benchmark: On 5/1/2020, the Fund's benchmark changed from 50% Bloomberg Barclays Global Aggregate Index-Unhedged, 25% Bloomberg Barclays U.S. Corporate High Yield Index - 2% Issuer Capped and 25% JPMorgan Emerging Markets Bond Index Plus to 70% Bloomberg Barclays Global Aggregate Index-Unhedged, 15% Bloomberg Barclays U.S. Corporate High Yield Index - 2% Issuer Capped and 15% JPMorgan Emerging Markets Bond Index Plus. Benchmark performance shown represents the Fund's current benchmark linked with its previous benchmark.
|J.P. Morgan Emerging Markets Bond Index (EMBI) Plus||15%|
|Bloomberg Barclays Global Aggregate Index - Unhedged||70%|
|Bloomberg Barclays US Corporate High Yield Index - 2% Issuer Capped||15%|
|Western Asset Management Company||65%|
|Loomis, Sayles & Company||10%|
|Neuberger Berman Investment Advisers||25%|
GuideStone Capital Management, LLC (the “Adviser”), the adviser to the Fund, may invest directly in securities on behalf of the Fund. The Adviser also maintains a sub-advisory agreement with Parametric Portfolio Associates LLC ("Parametric") under which Parametric will provide completion portfolios within the Fund, as instructed by the Adviser. The Adviser’s direct investments and Parametric’s “completion portfolios” are used to assist in preserving the desired risk exposures for the Fund in furtherance of its investment objective. Direct investments and completion portfolios that are short-term in nature are not included in the target allocations of the Fund to sub-advisers listed above.
|Net Asset Value||$9.94|
|Gross Expense Ratio||0.83%|
|Net Expense Ratio||0.83%|
|Year To Date||-3.49%|
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 performance may be obtained at GuideStoneFunds.com/Funds. Benchmark performance numbers are provided by Morningstar, Inc. and have not been verified by GuideStone Funds. The investment return of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Year 2006 annual performance began 12/29/2006. Prior to 5/1/2020, the Fund's benchmark was a composite of 50% Bloomberg Barclays Global Aggregate Index-Unhedged, 25% Bloomberg Barclays U.S. Corporate High Yield Index - 2% Issuer Capped and 25% JPMorgan Emerging Markets Bond Index Plus. Benchmark performance shown represents the Fund's current benchmark linked with its previous benchmark.
|Morningstar Rating based upon risk-adjusted return as of 2/28/2021|
|Category: World Bond|
|(Five Stars) Overall rating among 181 funds in this category.|
|(Three Stars) Three year rating among 181 funds in this category.|
|(Five Stars) Five year rating among 168 funds in this category.|
|(Five Stars) Ten year rating among 114 funds in this category.|
©2020 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.
Due to rounding, portfolio holdings data may not sum to 100%.
|Beta vs. Benchmark||1.18|
|Beta vs. Bloomberg Barclays US Agg.||0.81|
Calculated over previous 3 years.
|Weighted Avg Maturity||8.49 years|
|Effective Duration||5.76 years|
|SEC 30-Day Yield||1.52%|
|SEC 30-Day Yield (Gross)†||1.52%|
The graph below shows the daily prices (net asset value or NAV) for the time period selected. Capital Gains and Dividend distributions are represented by
This chart is currently unavailable on small mobile devices. You may be able to view this content by rotating your device from portrait to landscape mode or by viewing on a larger screen such as a desktop or notebook computer.
The table below lists NAVs, dividends, long-term capital gains and short-term capital gains for the time period selected.
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.
- Annual Report (includes Fourth Quarter portfolio holdings)
- Semi-Annual Report (includes Second Quarter portfolio holdings)
- Quarterly Report (includes First Quarter portfolio holdings)
- Quarterly Report (includes Third Quarter portfolio holdings)
- Statement of Additional Information (SAI)
- Information Statement
- Proxy Voting
- eDelivery Frequently Asked Questions
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.