Overview:

Fund data as of 09/30/2020 unless otherwise specified.

Investment Objective:

The Fund seeks long-term capital appreciation and current income.

Investment Strategy:

The Fund provides exposure to real estate by investing in equity securities of real estate investment trusts (REITs) and other real estate-related companies.

Investment Suitability:

This Fund may be suitable for investors who seek the potential for current income and long-term capital appreciation. Investors should be willing to accept significant short-term fluctuations in account value and want to diversify their portfolio through exposure to publicly traded real estate securities.

The Fund invests substantial assets in REITs that involve risks not associated with investing in stocks. Risks include declines in the value of real estate, general and economic conditions, changes in the value of the underlying property and defaults by borrowers. The value of assets in the real estate industry may go through cycles of relative underperformance and outperformance in comparison to equity securities markets in general. 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: GREZX
  • Inception Date: 12/29/2006
Fund Size ($ in millions)
Total fund net assets for all share classes $229
Number of holdings* 145

*Does not include currencies or forward currency contracts.

Benchmark^
100%
FTSE EPRA / NAREIT Developed Index - Net 100%
Sub-adviser Composite
65% 35%
RREEF America 65%
Heitman Real Estate Securities 35%

Performance

Net Asset Value (as of 1/15/2021)
Net Asset Value $9.45
Inception Date
Inception Date 12/29/2006
FEES AND EXPENSES (annualized)
Gross Expense Ratio 1.10%
Net Expense Ratio 1.10%
Daily Performance (as of 1/15/2021)
One Month 0.01%
Three Month 8.21%
Year To Date -0.63%
One Year -6.13%
Three Year* 4.31%
Five Year* 6.51%
Ten Year* 6.70%
Since Inception* 3.58%
*Returns are annualized.
The performance data quoted represents past performance and does not guarantee future results.
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Quarterly Performance (as of 9/30/2020)
Fund Benchmark
Three Month 3.01% 2.09%
YTD -14.76% -19.69%
One Year -12.81% -18.29%
Three Year* 1.68% -1.45%
Five Year* 3.90% 2.03%
Ten Year* 6.59% 5.39%
Since Inception* 2.88% 1.86%
*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 9/30/2020)
Fund Benchmark
2013 1.49% 1.74%
2014 16.13% 15.02%
2015 0.34% -0.79%
2016 3.78% 4.06%
2017 10.72% 10.36%
2018 -4.86% -5.63%
2019 24.42% 21.91%
Benchmark: FTSE EPRA / NAREIT Developed Index - Net
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 12/31/2020
Category: Equity
(Four Stars) Overall rating among 187 funds in this category.
(Three Stars) Three year rating among 187 funds in this category.
(Three Stars) Five year rating among 166 funds in this category.
(Four Stars) Ten year rating among 100 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 9/30/2020)
98%
Real Assets 98%
Cash* 2%
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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Equity Sector Holdings (as of 9/30/2020)
20.7% 17.62% 15.01% 14.52%
Residential 20.70%
Diversified 17.62%
Industrial 15.01%
Retail 14.52%
Office 10.50%
Healthcare 8.37%
Self Storage 4.96%
Data Centers 4.11%
Lodging/Resorts 2.32%
Industrial/Office Mixed 1.89%
Total 100.00%

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

Top Ten Equity Holdings (as of 9/30/2020)
Prologis Inc 5.41%
Vonovia SE 3.25%
Welltower Inc 2.91%
Realty Income Corp 2.31%
Extra Space Storage Inc 2.18%
Life Storage Inc 2.12%
Mid-America Apartment Communities Inc 1.95%
Invitation Homes Inc 1.90%
Deutsche Wohnen SE 1.90%
Alexandria Real Estate Equities Inc 1.84%
Total 25.77%
Top Ten Countries (as of 9/30/2020)
54.27%
United States 54.27%
Japan 11.52%
Germany 6.33%
Hong Kong 5.27%
United Kingdom 5.05%
Singapore 3.61%
Australia 3.57%
Canada 3.06%
Sweden 2.54%
France 1.86%
Total 97.08%
Risk/Return Characteristics (as of 9/30/2020)
Standard Deviation 16.40%
R-Squared 98.76%
Beta vs. Benchmark 0.90
Beta vs. S&P 500 Index 0.71
Sharpe Ratio 0.09
Information Ratio 1.25
Calculated over previous 3 years
Portfolio Characteristics (as of 9/30/2020)
Price to Funds from Operation (FFO) 17.20
Weighted Avg Market Cap* $9,122
*$ in millions
Yield
SEC 30-Day Yield 2.51%
SEC 30-Day Yield (Gross)† 2.51%
†Gross Yield reflects yield if fee waivers were not in effect.

Charts

Historical Prices & Distributions

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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 FTSE EPRA / NAREIT Developed Index - Net is designed to track the performance of listed real estate companies and REITs worldwide. "FTSE®" is a trademark of the London Stock Exchange Group Companies, "NAREIT®" is a trademark of the National Association of Real Estate Investment Trusts ("NAREIT") and "EPRA®" is a trademark of the European Public Real Estate Association ("EPRA") and are all used by FTSE International Limited ("FTSE") under license. The FTSE EPRA/NAREIT Developed Index is calculated by FTSE. Neither FTSE, Euronext N.V., NAREIT nor EPRA sponsor, endorse or promote this product and are not in any way connected to it and do not accept any liability. Index used with permission. It is not possible to invest directly in an index.

Price to Funds from Operations (“FFO”) — A ratio used by REITs to show relative value. FFO is calculated by adding back real estate depreciation and amortization expenses to earnings.

Weighted Average Market Cap — An index of stocks in which companies that have a greater overall market capitalization are more strongly represented than companies with smaller market capitalizations.

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. S&P 500® Index — Beta is a measure of a fund’s sensitivity to market movements as defined by the S&P 500® Index. A fund with a higher beta relative to the S&P 500® Index is more volatile than the S&P 500® 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.