Overview:

Fund data as of 02/28/2021 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 $257
Number of holdings 144

*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%

GuideStone Capital Management, LLC, the adviser to the Fund, may invest directly in securities for risk management purposes only from time to time. These investments are used to assist in preserving the desired risk exposures for the Fund in furtherance of its investment objective. Direct investments that are short-term in nature are not included in the target allocations of the Fund to sub-advisers listed above.

Performance

Net Asset Value (as of 4/15/2021)
Net Asset Value $10.56
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 4/15/2021)
One Month 2.62%
Three Month 11.75%
Year To Date 11.04%
One Year 35.62%
Three Year* 8.97%
Five Year* 6.46%
Ten Year* 7.22%
Since Inception* 4.33%
*Returns are annualized.
The performance data quoted represents past performance and does not guarantee future results.
Quarterly Performance (as of 12/31/2020)
Fund Benchmark
Three Month 11.69% 13.26%
YTD -4.79% -9.04%
One Year -4.79% -9.04%
Three Year* 4.07% 1.52%
Five Year* 5.31% 3.74%
Ten Year* 6.88% 5.44%
Since Inception* 3.64% 2.10%

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 2007 annual performance began 01/01/2007. Prior to 10/1/2013, the fund's benchmark was the Dow Jones U.S. Select Real Estate Securities Index. Returns exceeding 20% reflect unusual market conditions and may not be sustained at this level over the long term.

*Returns are annualized.
Annual Performance (as of 12/31/2020)
Fund Benchmark
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%
2020 -4.79% -9.04%
Benchmark: FTSE EPRA / NAREIT Developed Index - Net
The performance data quoted represents past performance and does not guarantee future results.
Morningstar
Morningstar Rating based upon risk-adjusted return as of 3/31/2021
Category: Global Real Estate
(Four Stars) Overall rating among 192 funds in this category.
(Four Stars) Three year rating among 192 funds in this category.
(Three Stars) Five year rating among 170 funds in this category.
(Four Stars) Ten year rating among 101 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.

Characteristics

Asset Allocation (as of 12/31/2020)
97%
Cash* 3%
Real Assets 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.

 

Equity Sector Holdings (as of 12/31/2020)
20.33% 18.81% 15.93% 12.95%
Residential 20.33%
Diversified 18.81%
Retail 15.93%
Industrial 12.95%
Office 11.65%
Healthcare 8.24%
Self Storage 4.90%
Lodging/Resorts 3.41%
Data Centers 2.41%
Industrial/Office Mixed 1.37%
Total 100.00%

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

Top Ten Equity Holdings (as of 12/31/2020)
Prologis Inc 3.79%
Vonovia Se 3.18%
Welltower Inc 2.70%
Avalonbay Communities Inc 2.19%
Extra Space Storage Inc 2.16%
Life Storage Inc 2.02%
Sun Communities Inc 2.00%
Deutsche Wohnen Se 1.78%
Simon Property Group Inc 1.78%
Mid-America Apartment Communities Inc 1.64%
Total 23.24%
Top Ten Countries (as of 12/31/2020)
53.75%
United States 53.75%
Japan 11.15%
Germany 6.38%
United Kingdom 5.66%
Hong Kong 5.49%
Australia 4.25%
Singapore 2.99%
Canada 2.83%
France 2.44%
Sweden 2.43%
Total 97.37%
Risk/Return Characteristics (as of 12/31/2020)
Standard Deviation 17.73%
R-Squared 98.90%
Beta vs. Benchmark 0.89
Beta vs. S&P 500 Index 0.75
Sharpe Ratio 0.23
Information Ratio 0.89
Calculated over previous 3 years
Portfolio Characteristics (as of 12/31/2020)
Price to Funds from Operation (FFO) 15.16
Weighted Avg Market Cap $9,045
*$ in millions
Yield (as of 12/31/2020)
SEC 30-Day Yield 2.07%
SEC 30-Day Yield (Gross)† 2.07%
Gross Yield reflects yield if fee waivers were not in effect.

Charts

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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.