GGBEX Fees and Costs — Global Bond Fund, Institutional Class
Data updated: 2026-08-27
The net expense ratio is 0.59%: a 0.45% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $78K in broker commissions, 0.0119% of average net assets, and portfolio turnover was 144%.
GGBEX Fees and Expenses
Annual operating expenses and sales charges of GGBEX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 0.13% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
GGBEX Costs Over Time
On $10,000 invested in GGBEX, assuming 5% a year before costs, total costs come to $380 over 5 years, cutting the return by 0.63% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $208 | $380 |
| Value after costs | $10,437 | $11,368 | $12,383 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
GGBEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0119%
- Total broker commissions: $78K
- Bought from dealers (principal trades, not a cost): $4.1B
- Portfolio turnover (prospectus): 144%
- Securities on loan, average value: $55.8M
- Net income from securities lending: $128K (0.020% of average net assets)
GGBEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $28K | 39.14% |
| MERRILL LYNCH INTERNATIONAL LTD | $21K | 29.46% |
| J.P. MORGAN SECURITIES LLC | $9K | 13.29% |
| CITIGROUP GLOBAL MARKETS INC. | $2K | 3.26% |
| BARCLAYS CAPITAL INC | $2K | 3.22% |
| MORGAN STANLEY & CO. INTERNATIONAL PLC | $2K | 3.15% |
| DEUTSCHE BANK SECURITIES INC. | $2K | 2.88% |
| GOLDMAN SACHS INTERNATIONAL | $2K | 2.59% |
| BNP PARIBAS SECURITIES CORP. | $1K | 1.58% |
| RBC EUROPE LIMITED | $1K | 1.43% |
GGBEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GUIDESTONE MONEY MARKET FUND | $2.3B | 72.13% |
| BNP PARIBAS | $187.8M | 6.02% |
| J.P. MORGAN SECURITIES LLC | $161.9M | 5.19% |
| GOLDMAN SACHS & CO. LLC | $122.0M | 3.91% |
| CITIGROUP GLOBAL MARKETS INC. | $78.8M | 2.53% |
| NATIONAL FINANCIAL SERVICES LLC | $73.0M | 2.34% |
| Jane Street Execution Services, LLC | $65.9M | 2.11% |
| HSBC BANK PLC | $65.4M | 2.10% |
| MORGAN STANLEY & CO. LLC | $60.4M | 1.94% |
| DEUTSCHE BANK AG | $54.6M | 1.75% |
Global Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GGBEX | Institutional Class | 0.59% | — |
| GGBFX | Investor Class | 0.92% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.