GVEZX Fees and Costs — Value Equity Fund, Investor Class
Data updated: 2026-09-18
The net expense ratio is 0.93%: a 0.60% management fee plus 0.32% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $444K in broker commissions, 0.0432% of average net assets, and portfolio turnover was 67%.
GVEZX Fees and Expenses
Annual operating expenses and sales charges of GVEZX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.32% |
| Gross expense ratio | 0.93% |
| Fee waiver | — |
| Net expense ratio | 0.93% |
| 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 |
GVEZX Costs Over Time
On $10,000 invested in GVEZX, assuming 5% a year before costs, total costs come to $609 over 5 years, cutting the return by 1.02% 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 0.93%) | $98 | $305 | $529 |
| Trading costs (broker commissions) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $335 | $609 |
| Value after costs | $10,398 | $11,242 | $12,154 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
GVEZX 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): 0.0432%
- Total broker commissions: $444K
- Bought from dealers (principal trades, not a cost): $2.4B
- Portfolio turnover (prospectus): 67%
- Securities on loan, average value: $61.5M
- Net income from securities lending: $111K (0.011% of average net assets)
GVEZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER SANDLER & CO. | $45K | 15.91% |
| J.P. MORGAN SECURITIES LLC | $44K | 15.59% |
| RAYMOND JAMES AND ASSOCIATES, INC. | $42K | 14.92% |
| BOFA SECURITIES INC. | $30K | 10.49% |
| JEFFERIES INTERNATIONAL LTD | $27K | 9.58% |
| MORGAN STANLEY & CO. LLC | $26K | 9.25% |
| UBS AG | $25K | 8.79% |
| RUSSELL INVESTMENTS IMPLEMENTATION SERVICES, LLC | $16K | 5.51% |
| INSTINET, LLC | $16K | 5.51% |
| BARCLAYS CAPITAL INC | $13K | 4.45% |
GVEZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GUIDESTONE MONEY MARKET FUND | $944.1M | 54.88% |
| MORGAN STANLEY & CO. LLC | $116.9M | 6.80% |
| J.P. MORGAN SECURITIES LLC | $105.7M | 6.15% |
| PIPER SANDLER & CO. | $97.9M | 5.69% |
| BOFA SECURITIES INC. | $96.3M | 5.60% |
| JEFFERIES INTERNATIONAL LTD | $90.1M | 5.24% |
| J.P. MORGAN SECURITIES PLC | $74.1M | 4.31% |
| BERNSTEIN AUTONOMOUS LLP | $73.5M | 4.27% |
| CITIGROUP GLOBAL MARKETS LIMITED | $65.0M | 3.78% |
| RUSSELL INVESTMENTS IMPLEMENTATION SERVICES, LLC | $56.9M | 3.30% |
Value Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GVEYX | Institutional Class | 0.66% | — |
| GVEZX | Investor Class | 0.93% | — |
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.