Extended-Duration Bond Fund
Data updated: 2021-03-12
C000003087 — Extended-Duration Bond Fund. Money Market · $242.94M AUM · 0.57% expense ratio · 12.8% 1-yr return. Holdings, fees, performance and SEC filings.
C000003087 Fund Overview
Extended-Duration Bond Fund is a US mutual fund managed by GuideStone Funds, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: GuideStone Funds
- Category: Money Market
- Assets under management: $242.94M
- 1-year return: 12.8%
- SEC CIK: 0001131013
- SEC series ID: S000001156
- Share class ID: C000003087
C000003087 Investment Objective and Strategy
Extended-Duration Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by GuideStone Funds.
Investment objective
The Extended-Duration Bond Fund seeks maximum total return consistent with preservation of capital.
Principal investment strategy
The Fund invests mainly (at least, and typically more than, 80% of its net assets, plus borrowings for investment purposes, if any) in fixed-income instruments. The Funds portfolio is diversified among a large number of issuers across different industries and economic sectors. The Fund invests primarily in: Obligations issued or guaranteed by: The U.S. government, its agencies and instrumentalities, banks and corporations; and Foreign governments, banks and corporations of developed and emerging markets. Mortgage- and asset-backed securities. Municipal bonds, the interest on which is taxable or tax-exempt. The average quality rating for the Funds portfolio will be greater than or equal to Baa as rated by Moodys Investors Service, Inc. (Moodys) or the equivalent by S&P Global Ratings or Fitch, Inc./Fitch Ratings Ltd.
(Fitch). The Fund does not currently expect to invest more than 20% of its assets in non-investment grade securities (high yield securities or junk bonds). Mortgage- and asset-backed securities held by the Fund may include those backed by loans to subprime borrowers. The Fund will not invest in fixed-income securities that have a quality rating less than B as rated by Moodys or the equivalent by S&P Global Ratings or Fitch (or, if unrated, determined by a Sub-Adviser to be of the same quality). If an investment held by the Fund is downgraded below a B or equivalent rating, the Sub-Adviser will take action that it believes to be advantageous to the Fund. The average dollar-weighted duration of the Fund normally will be greater than or equal to seven years. Duration measures the expected life of a fixed-income security and its sensitivity to changes in interest rates.
The longer a fixed-income securitys duration, the more sensitive that security will be to changes in interest rates. Similarly, the longer the Funds dollar-weighted average duration, the more sensitive the Fund will be to interest rate changes than a fund with a shorter dollar-weighted average duration. The Fund may hold up to 30% of its assets in obligations denominated in currencies other than the U.S. dollar, and may invest beyond this limit when considering U.S. dollar-denominated securities of foreign issuers. The Fund may use various types of derivative instruments including, but not limited to, futures contracts, options, forward contracts and swap agreements. The Fund may invest in derivative instruments as a substitute for taking a position in an underlying asset; to increase returns; to manage market, foreign currency and/or duration or interest rate risk; or as part of a hedging strategy.
The Fund may invest its uninvested cash in high-quality, short-term debt securities, including repurchase agreements and high-quality money market instruments, and also may invest uninvested cash in the GuideStone Funds Money Market Fund. The Fund uses a multi-manager approach, using two or more Sub-Advisers that each manages a portion of its portfolio under the oversight of the Adviser. The Sub-Advisers practice different investment styles and make investment decisions for the Fund based on an analysis of differing factors, such as interest rates, yield curve positioning, yield spreads, duration, sectors, credit ratings or fundamental issuer selection. The Adviser recommends sub-adviser selections to the Board of Trustees of GuideStone Funds and determines allocations of Fund assets among Sub-Advisers based on a variety of qualitative and quantitative factors in an attempt to maximize return across the entire portfolio while minimizing risk to the extent possible.
Buy and sell decisions are made at the discretion of each individual Sub-Adviser with regard to the portion of the Funds portfolio that they manage in accordance with their investment strategies and processes. The Fund may lend its portfolio securities to earn additional income. The Fund may not invest in any company that is publicly recognized, as determined by GuideStone Financial Resources of the Southern Baptist Convention (GuideStone Financial Resources), as being in the alcohol, tobacco, gambling, pornography or abortion industries, or any company whose products, services or activities are publicly recognized as being incompatible with the moral and ethical posture of GuideStone Financial Resources.
C000003087 Performance
Total returns for C000003087 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 12.8% |
C000003087 Risk Information
Risk metrics for C000003087, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.5%
C000003087 Costs and Fees
C000003087 costs about $57 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.57%
- Gross expense ratio: 0.57%
- Portfolio turnover: 39%
- Brokerage commissions: 0.02 bps of average net assets (SEC N-CEN)
C000003087 Cashflows
Over the 12 months to 2020-12, Extended-Duration Bond Fund had net inflows of $317.09M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-12 | $60.96M |
| 2020-11 | $28.10M |
| 2020-10 | $18.08M |
| 2020-09 | $15.03M |
| 2020-08 | $17.27M |
| 2020-07 | $14.22M |
C000003087 Debt Constituents
No individual debt constituents are reported in Extended-Duration Bond Fund's latest SEC N-PORT filing.
C000003087 Prospectus and SEC Filings
Official Extended-Duration Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-05-20
- Prospectus (485BPOS) — filed 2019-05-20
- Prospectus (485BPOS) — filed 2018-05-16
- Portfolio holdings (N-PORT) — filed 2021-02-22
- Portfolio holdings (N-PORT) — filed 2020-11-24
- Portfolio holdings (N-PORT) — filed 2020-08-17
- Annual census (N-CEN) — filed 2021-03-12
- Annual census (N-CEN) — filed 2020-03-13
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.