DALLAS (BP) — Lipper Fund Awards has honored GuideStone Financial Resources for the fourth consecutive year, recognizing the Southern Baptist entity’s Extended-Duration Bond Fund in two categories of excellence.
During the March 31 awards ceremony, hosted by The Wall Street Journal and Investment News, GuideStone Funds was recognized for the second consecutive year as the Best Fund Over 3 Years and the Best Fund Over 5 Years in the Corporate Debt A-Rated Funds category. This marks the fifth and sixth Lipper trophies for GuideStone Funds in the past four years.
In 2012, GuideStone Funds was honored as the Best Overall Small Fund Family in the U.S., ranking No. 1 out of 182 fund families with up to $40 billion in assets. In 2013, the MyDestination 2025 Fund was ranked No. 1 out of 92 Mixed-Asset Target Date 2025 funds.
GuideStone Financial Resources President O.S. Hawkins said the Lipper recognition is well-timed as GuideStone seeks to meet the increasing demand for investment products that align with Christian principles.
“We are honored, once again, with this national Lipper recognition, distinguishing GuideStone from all of its peers,” Hawkins said.
“As we developed our investment products, we wanted to ensure they always reflected the values of the pastors and other church and ministry workers we served, while not sacrificing performance. As these industry recognitions have drawn new interest from other investors, we believe we have demonstrated success to that vision of performance and values, to God’s glory and for the benefit of our participants.”
John R. Jones, who serves as president of GuideStone Funds and chief operating officer of GuideStone Financial Resources, said “engineering a repeat performance is difficult.” He noted, “To have the Extended-Duration Bond Fund recognized by Lipper two years in a row is a fitting testament to our investment approach and the outstanding team that puts it into practice.”
Ron Dugan, chief strategic investment officer at GuideStone Financial Resources, said the award “bears testimony to the diligent work of the GuideStone Funds team and the investment sub-advisors who work on behalf of our investors and participants.”
“We are humbled by the award and see it as reflective of the work we undertake each and every day on behalf of our participants,” he said.