Overview:

Fund data as of 06/30/2021 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 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 decreases and vice versa. Changes in interest rates have a bigger impact on long-duration holdings than on short-duration holdings.

  • NASDAQ Ticker: GMDZX
  • Inception Date: 8/27/2001
Fund Size ($ in millions)
Total fund net assets for all share classes $2,434
Number of holdings 2,806

*Does not include currencies or forward currency contracts.

Benchmark^
100%
Bloomberg US Aggregate Bond Index 100%
Sub-adviser Composite
38% 32% 25%
Pacific Investment Management Company (PIMCO) 38%
Western Asset Management Company 32%
Goldman Sachs Asset Management 25%
Parametric Portfolio Associates 5%

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.


Performance

Net Asset Value (as of 9/20/2021)
Net Asset Value $15.34
Inception Date
Inception Date 8/27/2001
FEES AND EXPENSES (annualized)
Gross 0.66%
Net 0.66%
Daily Performance (as of 9/20/2021)
One Month 0.26%
Three Month 1.16%
Year To Date -0.98%
One Year 0.13%
Three Year* 6.25%
Five Year* 3.58%
Ten Year* 3.45%
Since Inception* 4.82%
*Returns are annualized.
The performance data quoted represents past performance and does not guarantee future results.
Quarterly Performance (as of 6/30/2021)
Fund Benchmark
Three Month 2.09% 1.83%
YTD -2.11% -1.60%
One Year 0.55% -0.33%
Three Year* 5.71% 5.34%
Five Year* 3.41% 3.03%
Ten Year* 3.64% 3.39%
Since Inception* 4.81% 4.45%
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 6/30/2021)
Fund Benchmark
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%
2020 8.84% 7.51%
Benchmark: Bloomberg 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 8/31/2021
Category: Intermediate Core Bond
(Four Stars) Overall rating among 380 funds in this category.
(Four Stars) Three year rating among 380 funds in this category.
(Four Stars) Five year rating among 333 funds in this category.
(Four Stars) Ten year rating among 251 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 6/30/2021)
99%
Cash* 1%
Fixed Income 99%
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 (as of 6/30/2021)
27.57% 15.11% 39.59% 12.66%
Cash 27.57%
Corporate 15.11%
Derivatives 4.86%
Government 39.59%
Municipal 0.21%
Securitized 12.66%
Total 100.00%

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

Credit Ratings (as of 6/30/2021)
46.1% 27.35%
AAA/Govt/Agency 46.10%
AA 2.55%
A 11.26%
BBB 27.35%
BB 4.46%
B 0.97%
Lower Than B 0.12%
Not Rated 7.19%
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 (as of 6/30/2021)
Standard Deviation 4.23%
R-Squared 84.51%
Beta vs. Benchmark 1.13
Beta vs. Bloomberg US Agg. 1.13
Sharpe Ratio 1.06
Information Ratio 0.2

Calculated over previous 3 years.

Portfolio Characteristics (as of 6/30/2021)
Weighted Avg Maturity 8.65 years
Effective Duration 5.80 years
Yield (as of 6/30/2021)
SEC 30-Day Yield 0.96%
SEC 30-Day Yield (Gross)† 0.96%
Gross Yield reflects yield if fee waivers were not in effect.

Prices and Distributions

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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.