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GuideStone funds tally more high marks

DALLAS (BP) — Noteworthy accomplishments continue to be recorded for GuideStone Funds in 2012.

Morningstar, a leading provider of research for the financial industry, has recognized the MyDestination 2005 (Target Date 2000-2010), 2015 (Target Date 2011-2015) and 2025 (Target Date 2021-2025) funds with four stars for the quarter ending June 30, 2012. Meanwhile, Morningstar awarded the MyDestination 2035 (Target Date 2031-2035) and 2045 (Target Date 2041-2045) funds with three stars.

Additionally, Morningstar awarded its top five-star rating for the three-year period ending June 30, 2012, to the MyDestination 2015, 2025, 2035 and 2045 funds. The MyDestination 2005 Fund received four stars for the three years ending June 30, 2012.

The MyDestination Funds are GuideStone’s most popular funds, with nearly 25 percent of every dollar contributed by participants going into one of these funds administered by the Southern Baptist entity. For many GuideStone participants, the MyDestination funds serve as vehicle to appropriately manage their retirement accounts over time.

The MyDestination Funds are designed to be a diversified one-fund approach to investing. Participants interested in choosing a My Destination Fund are encouraged to choose the fund closest to their retirement date and to make consistent and appropriate retirement contributions. The investments within the chosen fund will automatically become more conservative allocations as the participant approaches and then moves through retirement.

Morningstar’s high rankings of GuideStone’s MyDestination Funds follows the announcement by the Lipper ratings agency in March that GuideStone Funds ranked No. 1 out of 182 funds, receiving Lipper’s 2012 Best Overall Small Fund Group award, one of the nation’s premier financial industry honors presented to mutual fund families with up to $40 billion in assets.

Rodric E. Cummins, senior vice president and chief investment officer for GuideStone Capital Management, said these recent accolades point to the mutual fund industry’s recognition of GuideStone Funds’ strong risk-adjusted performance resulting from the consistent implementation of its manager-of-managers investment philosophy.

“Our investment process is designed to provide thoughtful, high-quality, strategic investment options to our participants and is executed by what we believe to be world-class investment management firms,” Cummins said. “This process delivers proven value to our clients and provides GuideStone Funds with a competitive advantage relative to other mutual fund companies.”

John R. Jones, chief operating officer for GuideStone Financial Resources and president of GuideStone Funds, said, “These accomplishments continue to illustrate that a dedication to values doesn’t have to be sacrificed to achieve investment performance.”

For more information on GuideStone Funds, including the prospectus and other funds’ individual rankings, visit www.GuideStone Funds.org. Retirement plan participants who want to determine if any of the MyDestination Funds are an appropriate component of their portfolio can use GPS: Guided Planning Services by logging into their accounts at MyGuideStone.
Brock Anderson is senior marketing communications editor in retirement marketing development at GuideStone Financial Resources of the Southern Baptist Convention.

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  • Brock Anderson