Fund data as of 06/30/2022 unless otherwise specified.
The Strategic Alternatives Fund seeks absolute returns with both lower volatility than and low correlation with traditional equity and fixed-income markets.
The Fund is actively managed and pursues a multi-strategy approach that incorporates various non-traditional investment approaches. It invests in relative value, long/short equity, options, currency trading and global macro strategies.
This Fund may be suitable for investors who have a short- to medium-term investment horizon, can accept short-term fluctuations in account value and would like to diversify their portfolio with an alternatives investment option.
The alternative investment strategies that the Fund pursues are complex and may involve greater risk than traditional investments (stocks, bonds and cash). The performance of alternative investments is not expected to correlate closely with more traditional investments; however, it is possible that alternative investments will decline in value along with equity or fixed-income markets, or both, or that they may not otherwise perform in accordance with expectations. Alternative investments can be highly volatile, are often less liquid, particularly in periods of stress, are generally more complex and less transparent, and may have more complicated tax profiles than traditional investments. In addition, the performance of alternative investments may be more dependent on a sub-adviser’s experience and skill than traditional investments. The use of alternative investments may not achieve the desired effect.
Foreign currencies and emerging markets involve certain risks such as currency volatility, political and social instability and reduced market liquidity. Short sales by a Fund theoretically involve unlimited loss potential since the market price of securities sold short may continuously increase. Leverage may increase the risk of loss and cause fluctuations in the market value of the Fund’s portfolio to have disproportionately large effects or cause the NAV of the Fund generally to decline faster than it would otherwise. To the extent that the investment advisor misjudges current market conditions, the Fund's volatility may be amplified by its use of derivatives and its ability to anticipate price movements in relevant markets, underlying derivative instruments and futures contracts. The Fund's currency investment strategy may be impacted by currency exchange rates, which can fluctuate significantly over short or extended periods of time. These changes may be caused by governmental or political factors that affect the value of what the Fund owns and its share price. The Fund may experience high portfolio turnover, which may result in higher costs and capital gains. The Fund is a recently formed mutual fund and has a limited history of operations. There can be no assurances that its objective will be met.
- NASDAQ Ticker: GFSZX
- Inception Date: 6/30/2017
|Total fund net assets for all share classes||$337|
|Number of holdings||1,400|
*Does not include currencies or forward currency contracts.
|Bloomberg 1-3 Month U.S. Treasury Bill||100%|
|Goldman Sachs Asset Management||25%|
|AQR Capital Management||20%|
|Forward Management, LLC (d/b/a Salient) and Broadmark Asset Management LLC||20%|
|SSI Investment Management||20%|
|P/E Global LLC||15%|
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.
|Net Asset Value||$10.05|
The Adviser has agreed to waive fees and/or reimburse expenses to the extent needed to limit total annual operating expenses (without regard to any expense reductions realized through the use of directed brokerage) excluding interest, taxes, brokerage commissions, extraordinary expenses, acquired fund fees and expenses and expenses incurred in connection with the short sales of securities to 1.40% for the Investor Class (the “Expense Limitation”). This Expense Limitation applies to Fund operating expenses only and will remain in place until April 30, 2023.
|Year To Date||-1.76%|
|Morningstar Rating based upon risk-adjusted return as of 7/31/2022|
|(Three Stars) Overall rating among 129 funds in this category.|
|(Three Stars) Three year rating among 129 funds in this category.|
|(Three Stars) Five year rating among 106 funds in this category.|
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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.
|Beta vs. S&P 500 Index||0.15|
|Beta vs. Bloomberg US Agg||0.14|
|R-Squared vs. S&P 500 Index||45.80%|
|R-Squared vs. Bloomberg US Agg||2.29%|
|Number of Flat/Up Months||41|
|Number of Down Months||19|
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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.
Annual Report (includes Fourth Quarter portfolio holdings)
Semi-Annual Report (includes Second Quarter portfolio holdings)
Quarterly Report (includes First Quarter portfolio holdings)
Quarterly Report (includes Third Quarter portfolio holdings)
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.
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