Overview:

Fund data as of 06/30/2020 unless otherwise specified.

Investment Objective:

The Fund seeks maximum total return consistent with preservation of capital.

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 +/- 30% of the Bloomberg Barclays U.S. Aggregate Bond Index.

Investment Suitability:

This Fund may be suitable for investors who have a short- to medium-term investment horizon, seek higher returns than those offered by a shorter maturity bond fund, can accept some short-term fluctuations in account value 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 decrease and vice versa. Changes in interest rates have a bigger impact on long duration holdings that on short duration holdings.

  • NASDAQ Ticker: GMDZX
  • Inception Date: 8/27/2001
Fund Size ($ in millions)
Total fund net assets for all share classes 1,848
Number of holdings* 2,506

*Does not include currencies or forward currency contracts

Benchmark^
100%
Bloomberg Barclays US Aggregate Bond Index 100%
Sub-Adviser Composite
38% 35% 27%
Pacific Investment Management Company (PIMCO) 38%
Western Asset Management Company 35%
Goldman Sachs Asset Management 27%

Performance

Net Asset Value (as of 9/21/2020)
Net Asset Value $15.97
Inception Date
Inception Date 8/27/2001
FEES AND EXPENSES (annualized)
Gross Expense Ratio 0.66%
Net Expense Ratio 0.66%
Daily Performance (as of 9/21/2020)
One Month -0.05%
Three Month 1.65%
Year To Date 7.57%
One Year 8.45%
Three Year* 5.43%
Five Year* 4.57%
Ten Year* 3.96%
Since Inception* 5.07%
*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 5.34% 2.90%
YTD 5.96% 6.14%
One Year 8.88% 8.74%
Three Year* 5.25% 5.32%
Five Year* 4.25% 4.30%
Ten Year* 4.10% 3.82%
Since Inception* 5.04% 4.71%
*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 -2.05% -2.02%
2014 5.90% 5.97%
2015 -0.15% 0.55%
2016 2.81% 2.65%
2017 3.93% 3.54%
2018 -0.72% 0.01%
2019 9.58% 8.72%
Benchmark: Bloomberg Barclays US Aggregate Bond Index
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: Intermediate Core Bond
(Four Stars) Overall rating among 378 funds in this category.
(Four Stars) Three year rating among 378 funds in this category.
(Four Stars) Five year rating among 335 funds in this category.
(Four Stars) Ten year rating among 255 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%
Fixed Income 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.

 

Fixed Income Sectors
27.97% 32.49% 29.36%
Cash 9.77%
Corporate 27.97%
Derivatives 0.01%
Government 32.49%
Municipal 0.40%
Securitized 29.36%
Total 100.00%
Duration weighted

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

Credit Ratings
44.49% 12.29% 25.67%
AAA/Govt/Agency 44.49%
AA 5.55%
A 12.29%
BBB 25.67%
BB 4.21%
B 1.15%
Lower Than B 0.36%
Not Rated 6.28%
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.
Risk/Return Characteristics
Standard Deviation 3.86%
R-Squared 83.33%
Beta vs. Benchmark 1.08
Beta vs. Bloomberg Barclays US Agg. 1.08
Sharpe Ratio 0.91
Information Ratio -0.04

Calculated over previous 3 years.

Portfolio Characteristics
Weighted Avg Maturity 8.08 years
Effective Duration 5.98 years
Yield
SEC 30-Day Yield 1.35%
SEC 30-Day Yield (Gross)† 1.35%
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.