GuideStone Impact Bond(GMBZX)

Net Asset Value

$9.62

Inception Date

1/27/2023

Year to Date

1.25%

Fees & Expenses
  • 1.42%Gross
  • 0.80%Net
Overall Morningstar Rating

N/A

Investment Objective

Investment Objective
The Fund seeks to maximize total return through capital gains and current income while preserving capital value.

Investment Strategy

Investment Strategy
The Fund pursues its investment objective by investing its assets in a diversified portfolio composed primarily of global fixed income securities and nonprofit organizations and funds with the intention of producing a positive impact in accordance with the Adviser’s Christian values, alongside financial returns. The Adviser utilizes its impact framework to assess whether its investments with nonprofit organizations and funds and the Sub-Advisers’ investments in companies effectively promote GuideStone’s three impact themes: Sanctity of Life and Spreading the Gospel; Human Dignity and Advancement; and Stewardship of God’s Creation.

Investment Suitability

Investment Suitability

The Impact Bond Fund may be suitable for investors who have a medium- to long-term investment horizon, seek higher returns than those offered by a shorter-maturity bond fund, can accept short-term fluctuations in account value and want to diversify their portfolio with a globally diversified fixed income investment option. The Fund attempts to achieve its objective by combining a greater percentage of fixed income securities and a targeted allocation to illiquid alternative investments.

The Fund’s impact investing criteria could cause it to perform differently compared to funds that do not apply such standards. Successful application of the Fund’s impact investing strategy will depend upon the Adviser’s and each sub-adviser’s skill in properly identifying and analyzing impact investing issues. Investments made may not generate the amount of positive impact that was intended when the investment was initiated. Economic, market, political and other conditions and events can cause the value of fixed income securities to fluctuate. Securities of foreign issuers may be negatively impacted by political events, economic conditions or inefficient, illiquid or unregulated markets in foreign countries, and they also may be subject to inadequate regulatory or accounting standards, which may increase investment risk. Investing in emerging markets may involve greater risks than investing in more developed foreign markets because, among other things, emerging markets often have more political and economic instability. This Fund is subject to interest rate risk, which means that when interest rates rise, the value of the existing fixed income securities decreases and vice versa. Changes in interest rates have a bigger impact on long-duration holdings than on short-duration holdings. The Fund’s investments in private funds and similar vehicles may be difficult to value and are generally illiquid, leveraged, concentrated in an industry or group of industries, non-diversified, small- or micro-cap in size, and involve a substantial degree of risk. 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 11/22/2024)
Net Asset Value
$9.62
Inception Date
Inception Date
01/27/2023
FEES AND EXPENSES
(annualized)
Gross
1.42%
Net
0.80%

Characteristics

Benchmark^
(as of 09/30/2024)
 
Bloomberg US Aggregate Bond Index
100%
Sub-Adviser Composite
(as of 09/30/2024)
 
RBC Global Asset Management (U.S.)
100%

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.

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.

There can be no guarantee that any strategy (risk management or otherwise) will be successful. All investing involves risk, including potential loss of principal. Past performance does not guarantee future results.

^ The Bloomberg US Aggregate Bond Index is a broad-based flagship benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS (agency and non-agency).  “Bloomberg®”, Bloomberg and Bloomberg U.S. Aggregate Bond 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 Impact Bond Fund. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Impact Bond Fund. Index used with permission. It is not possible to invest directly in an index.

Private investments are generally not registered under the Securities Act of 1933 or the Investment Company Act of 1940, and investors do not have the same protections of the federal securities laws applicable to public investments. These investments are not available to individual investors directly unless certain minimum financial requirements are met. The Fund's investments in private funds and similar vehicles may be difficult to value and are generally illiquid, leveraged, concentrated in an industry or group of industries, non-diversified, small- or micro-cap in size and involve a substantial degree of risk. 

An investment in the Fund involves risks that can significantly affect the Fund’s performance, including Credit Risk, Below-Investment Grade Securities Risk, Derivatives Risk, Mortgage- and Asset-Backed Securities Risk, Faith-Based Investing Risk, Fixed Income Securities Risk, Foreign Securities Risk and Market Risk.

Impact Investing — The Funds’ impact investing criteria could cause the fund to perform differently compared to funds that do not apply such criteria. Successful application of the Funds’ impact investing strategy will depend upon the Adviser’s and each sub-adviser’s skill in properly identifying and analyzing impact investing issues. Investments made may not generate the amount of positive impact that was intended when the investment was made.

New Fund Risk: The Fund is new with limited operating history, and there can be no assurance that the Fund will grow to or maintain an economically viable size, in which case the Fund may not be able to achieve its investment objective.

Emerging Market investing may be subject to additional economic, political, legal, liquidity and currency risks not associated with more developed markets.

Foreign Securities Risk — Obligations or securities of foreign issuers may be negatively affected by political events, economic conditions or inefficient, illiquid or unregulated markets in foreign countries.

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.

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.