- Business
- GuideStone Funds Medium-Duration Bond Fund Investor Class (GMDZX) is an actively managed open-end mutual fund that seeks maximum total return consistent with preservation of capital by investing primarily in a diversified portfolio of high-quality investment-grade fixed-income securities, including government, corporate, mortgage-backed and asset-backed bonds; the fund maintains an average dollar-weighted duration normally varying between +/- 30% of the Bloomberg Barclays U.S. Aggregate Bond Index, with tactical flexibility to allocate up to 15% in high-yield securities and up to 30% in non-U.S. dollar denominated obligations for enhanced return generation and risk diversification. Launched on August 27, 2001, as part of GuideStone Funds—the nation's largest faith-based mutual fund family with approximately $18.9 billion in assets under management as of June 30, 2024—the fund is advised by GuideStone Capital Management, LLC, a Dallas, Texas-based affiliate of GuideStone Financial Resources, founded in 1918 and headquartered at 5005 LBJ Freeway, Dallas, Texas. GuideStone Funds offers a comprehensive lineup of equity, fixed income (including core, medium-duration, impact bond, and growth allocation strategies), real assets/alternatives, multistrategy, target risk, and target date mutual funds, distributed by Foreside Funds Distributors LLC and utilizing a manager-of-managers approach for diversified global investment strategies aligned with Christian values.
In recent developments, GuideStone Capital Management announced the termination and liquidation of the Impact Equity Fund (GMEZX), with final liquidation scheduled for July 25, 2025, reflecting ongoing portfolio optimization amid strategic shifts in impact investing. GuideStone Investment Services secured a major outsourced chief investment officer (OCIO) mandate from WatersEdge, an Oklahoma-based ministry, managing over $500 million in assets as approved on October 31, 2025, expanding its institutional services footprint. These changes build on prior launches such as the Impact Bond Fund (GMBZX) and Impact Equity Fund in January 2023, segmenting strategies from the 2021 Global Impact Fund to advance faith-aligned investments in human dignity, life stewardship, and global communities while committing 20% of advisory fees to missions and ministry. The funds primarily serve evangelical Christian investors, churches, ministries, and faith-aligned institutions across the United States, with total GuideStone assets under management reaching $22.5 billion as of June 30, 2024.