Fund Evaluator:
GuideStone Funds Global Bond Investor (GGBFX)
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Best Performing in Global Bond Over the Last Year
| 6.3% | Destinations Global Fixed Income Opps Z (DGFZX) |
| 4.5% | Invesco International Bond Y (OIBYX) |
| 3.6% | Amana Participation Investor (AMAPX) |
| 3.0% | Nomura Global Bond Fund Class Y (IVSYX) |
| 2.7% | Invesco Global Strategic Income Y (OSIYX) |
Fund Details
GuideStone Funds Global Bond Investor Overview
GuideStone Funds Global Bond Investor (GGBFX) is an actively managed Taxable Bond Global Bond fund. GuideStone Funds launched the fund in 2006.
The investment seeks to maximize total return through capital gains and current income while preserving principal value. The fund invests mainly (at least, and typically more than, 80% of its net assets, plus borrowings for investment purposes, if any) in a diversified portfolio of fixed income instruments of varying maturities and quality across different industries and sectors of the fixed income market. It may invest up to 30% of its assets in U.S. and non-U.S. (including emerging markets) below-investment grade securities (high yield securities or junk bonds). The average dollar-weighted duration of the fund normally varies between three and 10 years.
About GuideStone Funds Global Bond Investor (GGBFX)
There are 13 members of the management team with an average tenure of 4.12 years: David Brown (2019), Robert Spector (2025), Brian Kennedy (2016), Pilar Gomez-Bravo (2025), Richard Fong (2020), Brandon Pizzurro (2019), Adam Grotzinger (2019), Ashok Bhatia (2019), Zach Olsen (2022), Robert Dishner (2024), Joshua Chastant (2024), Scott Darci (2026), Bryan Hazelton (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg Global Aggregate TR USD index with a weighting of 100% and Bloomberg US HY 2% Issuer Cap TR USD index with a weighting of 100%. GuideStone Funds Global Bond Investor has 3005 securities in its portfolio. The top 10 holdings constitute 29.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
GuideStone Funds Global Bond Investor is part of the Fixed Income global asset class and is within the Taxable Bond fund group. GuideStone Funds Global Bond Investor has 52.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 94.9% (42.1% domestic bond, 52.8% foreign bond and 0.1% convertible bond). GuideStone Funds Global Bond Investor has 4.8% of the portfolio in cash.
Assets Under Management
The fund has $95 million in total assets, which is below the $419 million average for the Global Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GGBFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The GuideStone Funds Global Bond Investor expense ratio is high compared to funds in the Global Bond category. GuideStone Funds Global Bond Investor has an expense ratio of 0.92%, which is 4% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. GuideStone Funds Global Bond Investor has a portfolio turnover rate of 144%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 158% for the Global Bond category.
Recently, in the month of June 2026, GuideStone Funds Global Bond Investor returned -0.4%, which earned it a grade of C, as the Global Bond category had an average return of -0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
GuideStone Funds Global Bond Investor has a trailing yield of 3.06%, which is below the 4.15% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
GuideStone Funds Global Bond Investor Grades
Year to date, the fund has returned 0.1%, 0.0 percentage points worse than the category, which translates into a grade of C. The fund has returned 2.0% over the past year (grade of C), 4.0% over the past three years (grade of C) and -0.6% per year over the past five years (grade of C) and 1.6% per year over the past 10 years (grade of B).
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GGBFX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GGBFX Return (NAV) | -0.4% | 1.4% | 2.0% | 4.0% | -0.6% | 1.6% |
| GGBFX Grade | C | C | C | C | C | B |
| +/- Category | 0.0% | -0.3% | 0.3% | -0.3% | -0.0% | 0.5% |
| Global Bond Avg | -0.4% | 1.7% | 1.7% | 4.3% | -0.6% | 1.1% |
| GGBFX Tax Cost Ratio | na | na | 1.2% | 1.1% | 1.0% | 1.1% |
GGBFX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GGBFX Return (NAV) | 0.1% | 7.5% | 0.4% | 5.8% | -13.7% | -2.5% | 4.9% | 11.0% | -4.7% | 7.7% | 10.9% |
| GGBFX Grade | C | D | B | D | B | B | D | A | F | C | A |
| +/- Category | -0.0% | -1.9% | 1.4% | -0.8% | 0.2% | 1.9% | -2.9% | 3.8% | -2.6% | -0.2% | 7.3% |
| Global Bond Avg | 0.1% | 9.5% | -1.0% | 6.5% | -13.9% | -4.5% | 7.8% | 7.2% | -2.1% | 7.9% | 3.6% |
| Risk Measures | |
| Standard Deviation: | 5.9% |
| Total Risk Index: | 0.48 - Below Average |
| Category Risk Index: | 0.85 - Below Average |
| Category Risk Grade: | B (29% Rank) |
| Beta: | 1.00 |
| R-Squared: | 89% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Value |
| Bond Investment Style: | na |
| Yield: | 3.1% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $730 Mil |
| Fund Total Assets: | $ 95 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 144% |
Management Team
| Number of Managers: 13 | |||
| Longest Tenure: 10.1 years | |||
| Average Tenure: 4.1 years | |||
| Managers (Year): Kennedy Brian (2016), Pizzurro Brandon (2019), Grotzinger Adam (2019), Bhatia Ashok (2019), Brown David (2019), Fong Richard (2020), Olsen Zach (2022), Chastant Joshua (2024), Dishner Robert (2024), Spector Robert (2025), Gomez-Bravo Pilar (2025), Darci Scott (2026), Hazelton Bryan (2026) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 3005 |
| % in Top 10 Holdings: | 29.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 52.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 42.1% |
| Foreign Bond: | 52.8% |
| Convertible Bond: | 0.1% |
| Other: | 0.0% |
| Cash: | 4.8% |
Purchase Information
| Fund Family: | GuideStone Funds |
| Phone Number: | 888-473-8637 |
| Website: | www.guidestonefunds.org |
| Status: | Open |
| Inception Date: | December 29, 2006 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.92% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | GuideStone Funds Global Bond Investor |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
