Low-Duration Bond(GLDZX)

Net Asset Value

$12.76

Inception Date

8/27/2001

Year to Date

1.02%

Fees & Expenses
  • 0.61%Gross
  • 0.61%Net
Overall Morningstar Rating

Short-Term Bond

Overall rating among 532 funds in this category based upon risk-adjusted returns.

As of 4/30/2024

Investment Objective

Investment Objective
The Fund seeks current income consistent with preservation of capital.

Investment Strategy

Investment Strategy
The Fund is actively managed and invests in a diversified portfolio composed primarily of investment grade fixed-income securities with an average dollar-weighted duration that normally varies between one and three years.

Investment Suitability

Investment Suitability
This Fund may be suitable for investors who have a short-term investment horizon, seek an investment return that is relatively stable and want to diversify their portfolio with a fixed income investment option.

This Fund is subject to credit risk and interest rate risk. Interest rate risk means, when interest rates rise, the value of the existing bonds 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. Refers to the Fund's prospectus for more detailed risk information. 

Performance

Net Asset Value
(as of 05/22/2024)
Net Asset Value
$12.76
Inception Date
Inception Date
08/27/2001
FEES AND EXPENSES
(annualized)
Gross
0.61%
Net
0.61%
Daily Performance
(as of 05/22/2024)
One Month
0.63%
Three Month
0.90%
Year To Date
1.02%
One Year
4.18%
Three Year*
0.13%
Five Year*
1.12%
Ten Year*
1.20%
Since Inception*
2.36%
*Returns are annualized.
The performance data quoted represents past performance and does not guarantee future results.
Quarterly Performance
(as of 03/31/2024)
 
Fund
Benchmark
Three Month
2.71%
2.56%
YTD
4.82%
4.29%
One Year
4.82%
4.29%
Three Year*
-0.16%
-0.10%
Five Year*
1.27%
1.28%
Ten Year*
1.18%
1.04%
Since Inception*
2.35%
2.08%
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 2001 annual performance began 08/27/2001.
*Returns are annualized.
Annual Performance
(as of 03/31/2024)
 
Fund
Benchmark
2017
1.42%
0.42%
2018
1.10%
1.58%
2019
3.71%
3.55%
2020
3.16%
3.16%
2021
-0.65%
-0.60%
2022
-4.43%
-3.82%
2023
4.82%
4.29%
Benchmark: Bloomberg U.S. Treasury 1-3 Year Index
The performance data quoted represents past performance and does not guarantee future results.
Morningstar Rating
(based upon risk-adjusted returns as of 04/30/2024)
Category
Short-Term Bond
Overall (532 funds rated)
Morningstar Overall Rating is 2 of 5 starsMorningstar Overall Rating is 2 of 5 starsMorningstar Overall Rating is 2 of 5 starsMorningstar Overall Rating is 2 of 5 starsMorningstar Overall Rating is 2 of 5 stars
Three-Year (532 funds rated)
Morningstar Three-Year Rating is 3 of 5 starsMorningstar Three-Year Rating is 3 of 5 starsMorningstar Three-Year Rating is 3 of 5 starsMorningstar Three-Year Rating is 3 of 5 starsMorningstar Three-Year Rating is 3 of 5 stars
Five-Year (492 funds rated)
Morningstar Five-Year Rating is 2 of 5 starsMorningstar Five-Year Rating is 2 of 5 starsMorningstar Five-Year Rating is 2 of 5 starsMorningstar Five-Year Rating is 2 of 5 starsMorningstar Five-Year Rating is 2 of 5 stars
Ten-Year (358 funds rated)
Morningstar Ten-Year Rating is 2 of 5 starsMorningstar Ten-Year Rating is 2 of 5 starsMorningstar Ten-Year Rating is 2 of 5 starsMorningstar Ten-Year Rating is 2 of 5 starsMorningstar Ten-Year Rating is 2 of 5 stars

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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.

Yield
(as of 03/31/2024)
SEC 30-Day Yield
4.45%
SEC 30-Day Yield
4.45%
SEC 30-Day Yield (Gross)†
4.45%
SEC 30-Day Yield (Gross)†
4.45%

Characteristics

Asset Allocation

(as of 03/31/2024)

 
Cash*
4%
 
Fixed Income
96%
 
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.

 

Benchmark^
(as of 03/31/2024)
 
Bloomberg U.S. Treasury 1-3 Year Index
100%
Sub-adviser Composite
(as of 03/31/2024)
 
Pacific Investment Management Company (PIMCO)
25.0%
 
Payden & Rygel
35%
 
BlackRock Financial Management
40.0%

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.


Credit Ratings
(as of 03/31/2024)
 
AAA/Govt/Agency
53.67%
 
AA
2.68%
 
A
12.40%
 
BBB
14.11%
 
BB
2.74%
 
B
0.48%
 
Lower Than B
0.01%
 
Not Rated
13.91%
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.
Fixed Income Sectors
(as of 03/31/2024)
 
Cash
7.41%
 
Corporate
16.20%
 
Derivatives
8.12%
 
Government
53.65%
 
Municipal
0.08%
 
Securitized
14.55%

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

Portfolio Characteristics
(as of 03/31/2024)
Weighted Avg Maturity
6.01 years
Effective Duration
1.75 years

Risk/Return Characteristics

(as of 03/31/2024)

R-Squared
92.23%
R-Squared
92.23%
Beta vs. Benchmark
0.96
Beta vs. Benchmark
0.96
Beta vs. Bloomberg US Agg
0.25
Beta vs. Bloomberg US Agg
0.25

Calculated over previous 3 years.

Fund Size ($ in millions)
(as of 03/31/2024)
Total fund net assets for all share classes
$870
Number of holdings
978

Prices and Distributions

Historical Prices & Distributions

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Capital Gains and Dividend distributions are represented by a blue circle

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The table below lists NAVs, dividends, long-term capital gains and short-term capital gains for the time period selected.

Date Value Description

Prospectus & Reports

GuideStone Funds shares are distributed by Foreside Funds Distributors LLC, not an adviser 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 Composites are subject to change at any time. The percentages shown reflect the target allocations of the Funds. Actual Sub-Adviser weights may differ at any time.

^Bloomberg US Treasury 1-3 Year Index measures US dollar-denominated, fixed-rate, nominal debt issued by the US Treasury with 1-2.999 years to maturity. Treasury bills are excluded by the maturity constraint, but are part of a separate Short Treasury Index. STRIPS are excluded from the index because their inclusion would result in double-counting. “Bloomberg®”, Bloomberg and the Bloomberg U.S. Treasury 1-3 Year Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by GuideStone Financial Resources of the Southern Baptist Convention (“GuideStone Financial Resources”) and its affiliates. Bloomberg is not affiliated with GuideStone Financial Resources and its affiliates and Bloomberg does not approve, endorse, review, or recommend the Low-Duration Bond Fund. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Low-Duration Bond Fund. Index 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 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.