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phone: 1-888-984-8433
GuideStone Real Estate Securities
Share Class: GS4
COMMENTARY (as of 6/30/2010 )
  • The fund is comprised of a limited number of publicly-traded real estate securities (including REITs).
  • The fund generated a negative return but outperformed its benchmark, the Dow Jones U.S. Select Real Estate Securities Index, during the second quarter.
  • Positive stock selection in the office, mall and hotels sectors outweighed the negative selection in the healthcare, self storage and retail sectors.
  • Sector allocation added value and was most accretive in the industrial and apartment sectors.
  • At quarter-end, major sector exposure included office (24.6%), apartments (19.7%) and regional malls (16.2%). The largest holdings were Simon Property Group (12.2%), Public Storage (7.2%) and Host Hotels & Resorts (5.8%).

Percentages within parentheses are the company’s weighting within the fund.

You should carefully consider the investment objectives, risks, charges and expenses of the funds before investing. For a copy of the prospectus with this and other information about GuideStone Funds call 1-888-98-GUIDE (1-888-984-8433) or view/download a prospectus (pdf) . You should read the prospectus carefully before investing. GuideStone Funds shares are distributed by PFPC Distributors, Inc., a registered broker-dealer and underwriter of the funds, 760 Moore Road, King of Prussia, PA 19406. GuideStone Capital Management, Inc., an affiliate of the GuideStone Financial Resources, provides investment advisory services for the funds.


 
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