Overview:

Fund data as of 06/30/2020 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 $221
Number of holdings* 152

*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 9/18/2020)
Net Asset Value $8.71
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 9/18/2020)
One Month -0.11%
Three Month 1.48%
Year To Date -13.27%
One Year -10.11%
Three Year* 1.85%
Five Year* 4.33%
Ten Year* 6.61%
Since Inception* 3.01%
*Returns are annualized.
The performance data quoted represents past performance and does not guarantee future results.
Quarterly Performance (as of 6/30/2020)
Fund Benchmark
Three Month 9.73% 10.07%
YTD -17.25% -21.33%
One Year -10.86% -16.25%
Three Year* 1.18% -1.60%
Five Year* 3.05% 1.27%
Ten Year* 7.60% 6.49%
Since Inception* 2.70% 1.74%
*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.
Annual Performance (as of 6/30/2020)
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.
Morningstar
Morningstar Rating based upon risk-adjusted return as of 8/31/2020
Category: Global Real Estate
(Four Stars) Overall rating among 185 funds in this category.
(Three Stars) Three year rating among 185 funds in this category.
(Three Stars) Five year rating among 165 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.

Characteristics

Asset Allocation
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.

 

Equity Sector Holdings
17.68% 13.02% 12.41% 22.64% 14%
Data Centers 4.07%
Diversified 17.68%
Health Care 8.15%
Industrial 13.02%
Industrial/Office Mixed 2.16%
Lodging/Resorts 2.54%
Office 12.41%
Residential 22.64%
Retail 14.00%
Self Storage 3.34%
Total 100.01%

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

Top Ten Equity Holdings
Prologis Inc 5.49%
Welltower Inc 3.19%
Vonovia SE 2.77%
Invitation Homes Inc 2.42%
Mid-America Apartment Communities Inc 2.33%
Realty Income Corp 2.05%
Alexandria Real Estate Equities Inc 2.02%
Equity Lifestyle Properties Inc 1.81%
UDR Inc 1.74%
Deutsche Wohnen SE 1.69%
Total 25.51%
Top Ten Countries
55.7%
United States 55.70%
Japan 11.15%
Hong Kong 5.52%
Germany 5.50%
United Kingdom 5.12%
Singapore 3.56%
Australia 3.38%
Canada 2.92%
Sweden 2.40%
France 2.13%
Total 97.38%
Risk/Return Characteristics
Standard Deviation 16.19%
R-Squared 98.77%
Beta vs. Benchmark 0.90
Beta vs. S&P 500® Index 0.73
Sharpe Ratio 0.05
Information Ratio 1.12
Calculated over previous 3 years
Portfolio Characteristics
Price to Funds from Operations (FFO) 16.43
Weighted Avg Market Cap* $8,734
*$ in millions
Yield
SEC 30-Day Yield 2.78%
SEC 30-Day Yield (Gross)† 2.78%
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.