Small Cap Equity(GSCZX)

Net Asset Value

$16.91

Inception Date

8/27/2001

Year to Date

0.06%

Fees & Expenses
  • 1.22%Gross
  • 1.22%Net
Overall Morningstar Rating

Small Blend

Overall rating among 574 funds in this category based upon risk-adjusted returns.

As of 5/31/2024

Investment Objective

Investment Objective
The Fund seeks to provide long-term capital appreciation. Any income received is incidental to this objective.

Investment Strategy

Investment Strategy
The Fund is actively managed and invests mainly in a diversified portfolio of  U.S. companies that, at the time of purchase, are in the small capitalization range of companies comprising the Russell 2000® Index. The Fund's portfolio is not limited to the companies listed in the Russell 2000® Index and, as such, is diversified among a large number of companies across different industries and economic sectors. Because the Fund may continue to hold a security whose market capitalization increases or decreases over time, a portion of the Fund’s holdings may have market capitalizations outside the range of the Russell 2000® Index at any given time.

Investment Suitability

Investment Suitability
This Fund may be suitable for investors who seek higher, long-term rates of return, can accept significant short-term fluctuations in account value, want to invest in stocks of small to medium-size U.S. companies and would like to diversify their portfolio by adding a potentially higher return, higher risk option of stocks.

Small company stocks are generally riskier than large company stocks due to greater volatility and less liquidity. 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.

Performance

Net Asset Value
(as of 06/21/2024)
Net Asset Value
$16.91
Inception Date
Inception Date
08/27/2001
FEES AND EXPENSES
(annualized)
Gross
1.22%
Net
1.22%
Daily Performance
(as of 06/21/2024)
One Month
-2.65%
Three Month
-2.54%
Year To Date
0.06%
One Year
9.43%
Three Year*
-0.92%
Five Year*
7.62%
Ten Year*
6.66%
Since Inception*
7.33%
*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
4.26%
5.18%
YTD
4.26%
5.18%
One Year
15.92%
19.71%
Three Year*
1.87%
-0.10%
Five Year*
8.94%
8.16%
Ten Year*
7.18%
7.77%
Since Inception*
7.60%
8.24%
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 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 03/31/2024)
 
Fund
Benchmark
2017
12.67%
14.65%
2018
-12.22%
-11.01%
2019
24.97%
25.52%
2020
19.75%
19.96%
2021
21.79%
14.82%
2022
-18.05%
-20.44%
2023
14.57%
16.93%
Benchmark: Russell 2000® Index
The performance data quoted represents past performance and does not guarantee future results.
Morningstar Rating
(based upon risk-adjusted returns as of 05/31/2024)
Category
Small Blend
Overall (574 funds rated)
Morningstar Overall Rating is 3 of 5 starsMorningstar Overall Rating is 3 of 5 starsMorningstar Overall Rating is 3 of 5 starsMorningstar Overall Rating is 3 of 5 starsMorningstar Overall Rating is 3 of 5 stars
Three-Year (574 funds rated)
Morningstar Three-Year Rating is 2 of 5 starsMorningstar Three-Year Rating is 2 of 5 starsMorningstar Three-Year Rating is 2 of 5 starsMorningstar Three-Year Rating is 2 of 5 starsMorningstar Three-Year Rating is 2 of 5 stars
Five-Year (544 funds rated)
Morningstar Five-Year Rating is 3 of 5 starsMorningstar Five-Year Rating is 3 of 5 starsMorningstar Five-Year Rating is 3 of 5 starsMorningstar Five-Year Rating is 3 of 5 starsMorningstar Five-Year Rating is 3 of 5 stars
Ten-Year (388 funds rated)
Morningstar Ten-Year Rating is 3 of 5 starsMorningstar Ten-Year Rating is 3 of 5 starsMorningstar Ten-Year Rating is 3 of 5 starsMorningstar Ten-Year Rating is 3 of 5 starsMorningstar Ten-Year Rating is 3 of 5 stars

Characteristics

Asset Allocation

(as of 03/31/2024)

 
Cash*
2%
 
U.S. Equities
98%
 
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)
 
Russell 2000® Index
100%
Sub-adviser Composite
(as of 03/31/2024)
 
Delaware Investments Fund Advisers
34%
 
TimesSquare Capital Management
32%
 
Jacobs Levy Equity Management
15.50%
 
American Century Investment Management
18.50%

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.

Top Ten Equity Holdings
(as of 03/31/2024)
 
WNS (Holdings) Ltd ADR
1.11%
 
Casella Waste Systems Inc Class A
1.10%
 
ExlService Holdings Inc
1.06%
 
Hamilton Lane Inc Class A
0.84%
 
ESAB Corp
0.80%
 
Coherent Corp
0.79%
 
Old National Bancorp
0.78%
 
Kulicke & Soffa Industries Inc
0.68%
 
PowerSchool Holdings Inc Class A
0.67%
 
SouthState Corp
0.67%
Equity Sector Holdings
(as of 03/31/2024)
 
Communication Services
1.80%
 
Consumer Discretionary
11.45%
 
Consumer Staples
3.61%
 
Energy
3.72%
 
Financial Services
20.09%
 
Health Care
13.45%
 
Industrials
19.07%
 
Materials
3.33%
 
Real Estate
6.57%
 
Information Technology
14.86%
 
Utilities
2.06%

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

Portfolio Characteristics
(as of 03/31/2024)
Price to Earnings Ratio
15.65x
Price to Book Ratio
2.03x
Weighted Avg Market Cap
$3,250
*$ in millions

Risk/Return Characteristics

(as of 03/31/2024)

Standard Deviation
20.01%
R-Squared
97.78%
Beta vs. Benchmark
0.93
Beta vs. S&P 500 Index
0.98
Sharpe Ratio
0.04
Information Ratio
0.59
Calculated over previous 3 years
Fund Size ($ in millions)
(as of 03/31/2024)
Total fund net assets for all share classes
$759
Number of holdings
610

Prices and Distributions

Historical Prices & Distributions

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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.

^ The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe and is a subset of the Russell 3000 Index, representing approximately 10% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership. The index is completely reconstituted annually to ensure that larger stocks do not distort the performance and characteristics of the actual small-cap opportunity set. Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and/or Russell ratings and/or underlying data and no party may rely on any Russell Indexes and/or Russell ratings and/or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this communication. Index used with permission. It is not possible to invest directly in an index.

Price-to-Earnings Ratio — A ratio used to compare the price of a fund’s stocks with their per-share earnings.

Price-to-Book Ratio — A ratio used to compare the book value of a fund’s stocks with their market value.

Weighted Average Market Cap — An index of stocks in which companies that have a greater overall market capitalization are more strongly represented than companies with smaller market capitalizations.

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. S&P 500® Index — Beta is a measure of a fund’s sensitivity to market movements as defined by the S&P 500® Index. A fund with a higher beta relative to the S&P 500® Index is more volatile than the S&P 500® 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.