Global Impact Fund
Data updated: 2023-03-13
C000225138 — Global Impact Fund. Emerging Markets Multi-Cap / All-Cap Blend / Core Equity · $121.14M AUM. Holdings, fees, performance and SEC filings.
C000225138 Fund Overview
Global Impact Fund is a US mutual fund managed by GuideStone Funds, categorised as Emerging Markets Multi-Cap / All-Cap Blend / Core Equity. 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: Emerging Markets Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $121.14M
- 1-year return: -21.3%
- SEC CIK: 0001131013
- SEC series ID: S000070882
- Share class ID: C000225138
C000225138 Investment Objective and Strategy
Global Impact Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by GuideStone Funds.
Investment objective
The Global Impact Fund seeks capital appreciation with modest current income.
Principal investment strategy
The Fund pursues its investment objective by investing its assets predominantly in U.S. and foreign equity and debt of companies and nonprofit organizations with the intention of generating positive impact in accordance with the Advisers Christian values, alongside financial returns. Equity securities may include stocks, futures, options and swaps on equities or equity indexes, rights, warrants, securities convertible into stock and limited partnerships or similar interests. Debt securities may include obligations issued or guaranteed by the U.S. government, its agencies and instrumentalities, banks, corporations and nonprofit organizations; obligations issued or guaranteed by foreign governments or companies in developed and emerging markets; mortgage- and asset-backed securities; and municipal bonds, the interest on which is taxable or tax-exempt.
The Adviser utilizes its impact framework to assess whether its investments with nonprofit organizations, and the Sub-Advisers' investments in companies, effectively promote the Adviser's three impact themes: Sanctity of Life and Spreading the Gospel; Human Dignity and Advancement; and Stewardship of God's Creation. Under normal market conditions, the Fund will invest significantly (at least 40%, unless market conditions are not deemed favorable, in which case the Fund would invest at least 30%) in securities of non-U.S. issuers. An issuer is considered to be from the country or countries where it generates operating income. A single issuers geographic exposure, therefore, may be divided between countries, including between the United States and multiple other countries. The Fund will allocate its assets among no less than three countries.
In addition, the Fund will consider notional exposure of its derivative investments when determining the percentage of its assets that are invested in non-U.S. issuers. The Fund primarily invests in equity securities of foreign companies in countries having economies and markets generally considered to be developed, but may also invest in equity securities of foreign companies located in emerging markets. Equity securities of foreign companies are predominantly traded on foreign stock exchanges in foreign currencies. The Fund generally intends to remain diversified across countries and geographical regions, although it has the flexibility to invest a significant portion of its assets in one country or region. The Fund may invest to a lesser extent in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) and other similar instruments, each of which represents ownership of underlying foreign securities denominated in currencies other than that of the country of incorporation.
The Fund may invest in sponsored or unsponsored depositary receipts. The Fund may invest in initial public offerings (IPOs). The Fund may invest in investment grade debt securities, which may include unrated debt securities. An investment grade debt security is rated Baa or higher by Moodys Investors Service, Inc. (Moodys) or the equivalent by S&P Global Ratings or Fitch, Inc./Fitch Ratings Ltd. (Fitch), or is an unrated debt security determined by the Adviser or Sub-Adviser to be of comparable credit quality. If an investment held by the Fund is downgraded below a Baa or equivalent rating, the Adviser or Sub-Adviser will take action that it believes to be advantageous for the Fund. The Fund may use futures, options, swaps and forwards to gain exposure to foreign markets and currencies.
A Sub-Adviser may make currency investment decisions independent of its underlying security selections. The Fund may also use derivatives, including futures, options, swaps and forwards as a substitute for investing directly in an underlying asset, to increase return, to manage risk, to hedge against losses or as an alternative to selling a security short. The Fund uses a multi-manager approach, using two or more Sub-Advisers that each manages a portion of the Fund's portfolio under the oversight of the Adviser. The Sub-Advisers, in managing their respective portions of the Funds portfolio, practice different investment styles that the Adviser believes complement one another. The Adviser recommends sub-adviser selections to the Board of Trustees of GuideStone Funds (Board) 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 it manages in accordance with its investment strategies and processes. In addition, the Adviser may allocate assets to equity and debt securities of other funds, pooled investment vehicles and nonprofit organizations that it believes will generate both a positive impact congruent with its Christian values and financial returns. In accordance with the Advisers Christian values, 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.
C000225138 Holdings
Top 10 holdings of Global Impact Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Guidestone Fds | 6.47% |
| Chicago Board of Trade | 3.39% |
| New York Coffee, Sugar & Cocoa | 2.57% |
| Chicago Board of Trade | 2.55% |
| Microsoft Corporation | 2.41% |
| Wabtec Corp | 1.39% |
| Aon PLC | 1.37% |
| Humana Inc. | 1.28% |
| Guidestone Fds | 1.24% |
| Intact Financial Corporation | 1.24% |
C000225138 Portfolio Allocation
Asset-class allocation of Global Impact Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 52.9% |
| Securitized | 19.6% |
| Fixed Income | 18.2% |
| Cash & Equivalents | 8.7% |
| Derivatives | 4.3% |
| Real Estate | 3.3% |
C000225138 Performance
Total returns for C000225138 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -21.3% |
| 3 years (annualised) | -7.0% |
C000225138 Risk Information
Risk metrics for C000225138, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.2%
C000225138 Costs and Fees
C000225138 costs about $121 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.21%
- Gross expense ratio: 1.21%
- Portfolio turnover: 56%
- Brokerage commissions: 1.55 bps of average net assets (SEC N-CEN)
C000225138 Cashflows
Over the 12 months to 2022-12, Global Impact Fund had net inflows of $28.49M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-12 | $1.34M |
| 2022-11 | $88.38K |
| 2022-10 | $62.63K |
| 2022-09 | $258.39K |
| 2022-08 | $3.63M |
| 2022-07 | $203.29K |
C000225138 Debt Constituents
Largest debt holdings of Global Impact Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Calvert Impact Capital Inc | 0.83% |
| American Water Capital Corp | 0.68% |
| Avangrid Inc | 0.67% |
| Reckitt Benckiser Treasury Services PLC | 0.50% |
| Low Income Investment Fund | 0.47% |
| Monterey Calif Regl Waste Mgmt Auth | 0.46% |
| Bluehub Loan Fund, Inc. | 0.45% |
| Phoenix Ariz Civic Impt Corp. | 0.44% |
| Newark Higher Ed Fin Corp. Tex | 0.41% |
| San Francisco Calif City & Cnty | 0.40% |
C000225138 Prospectus and SEC Filings
Official Global Impact Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-04-29
- Prospectus (485BPOS) — filed 2021-01-26
- Prospectus supplement (497) — filed 2022-08-31
- Portfolio holdings (N-PORT) — filed 2023-02-23
- Portfolio holdings (N-PORT) — filed 2022-11-22
- Portfolio holdings (N-PORT) — filed 2022-08-25
- Annual census (N-CEN) — filed 2023-03-13
- Annual census (N-CEN) — filed 2022-03-11
Related Funds
Other Emerging Markets Multi-Cap / All-Cap Blend / Core Equity 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.