Overview:

Fund data as of 12/31/2020 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 and 10 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 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
Fund Size ($ in millions)
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.

 

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Benchmark^
15% 70% 15%
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%
Sub-adviser Composite
65% 25%
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.



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Performance

Net Asset Value (as of 3/8/2021)
Net Asset Value $9.94
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 3/8/2021)
One Month -2.93%
Three Month -3.01%
Year To Date -3.49%
One Year 0.86%
Three Year* 2.50%
Five Year* 4.66%
Ten Year* 3.60%
Since Inception* 4.63%
*Returns are annualized.
The performance data quoted represents past performance and does not guarantee future results.
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Quarterly Performance (as of 12/31/2020)
Fund Benchmark
Three Month 4.32% 4.11%
YTD 4.93% 6.50%
One Year 4.93% 6.50%
Three Year* 3.54% 4.61%
Five Year* 5.80% 5.81%
Ten Year* 4.21% 4.39%
Since Inception* 4.96% 5.31%

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.

 

*Returns are annualized.
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Annual Performance (as of 12/31/2020)
Fund Benchmark
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%
2019 11.03% 10.16%
2020 4.93% 6.50%
The performance data quoted represents past performance and does not guarantee future results.
Morningstar
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.

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Characteristics

Asset Allocation (as of 12/31/2020)
97%
Cash* 3%
Fixed Income 97%
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 (as of 12/31/2020)
17.52% 45.57% 29.74%
Cash 4.63%
Corporate 17.52%
Derivatives 45.57%
Government 29.74%
Municipal 0.01%
Securitized 2.53%
Total 100.00%
Duration weighted

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

Credit Ratings (as of 12/31/2020)
34.04% 24.05% 14.71%
AAA/Govt/Agency 34.04%
AA 2.69%
A 6.95%
BBB 24.05%
BB 14.71%
B 9.55%
Lower Than B 2.26%
Not Rated 5.75%
The credit quality letter ratings are provided to indicate the creditworthiness of the underlying securities within the Fund and not of the Fund itself. These credit ratings range from AAA/Govt/Agency (highest) to Lower Than B (lowest) and are assigned by the rating agencies Moody’s and Fitch. Where credit ratings differ between these rating agencies, the lower (more conservative) rating shall be used. If only one rating is provided, that rating shall be used. If a security is unrated by both of the Nationally Recognized Statistical Rating Organizations (NRSROs) listed above, then it will be classified as Not Rated in the table.
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Top Ten Countries (as of 12/31/2020)
56.51%
United States 56.51%
Mexico 3.68%
Brazil 3.33%
United Kingdom 3.08%
Indonesia 2.95%
China 2.70%
Italy 2.40%
Canada 2.03%
Germany 1.81%
Russia 1.76%
Total 80.25%
Risk/Return Characteristics (as of 12/31/2020)
Standard Deviation 7.00%
R-Squared 96.16%
Beta vs. Benchmark 1.18
Beta vs. Bloomberg Barclays US Agg. 0.81
Sharpe Ratio 0.32
Information Ratio -0.62

Calculated over previous 3 years.

Portfolio Characteristics (as of 12/31/2020)
Weighted Avg Maturity 8.49 years
Effective Duration 5.76 years
Yield (as of 12/31/2020)
SEC 30-Day Yield 1.52%
SEC 30-Day Yield (Gross)† 1.52%
†Gross Yield reflects yield if fee waivers were not in effect.

Charts

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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.

Asset allocation subject to change at any time. Pie chart is a representation and actual exposures may differ. The size denotes the relative weighting in the Fund. 

Sub-adviser composite is subject to change at any time. The percentages shown reflect the target allocations of the Fund. Actual sub-adviser weights may differ 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, JP 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 a 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 a fund's historical risk-adjusted performance.

Information Ratio — Measures how much a 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 a 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 a fund’s investments.

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