GuideStone Financial Resources of the Southern Baptist Convention expanded its investment choices for most retirement plan participants with the launch of the Real Estate Securities Fund Jan. 3.
Currently GuideStone Funds serves as the investment vehicle for GuideStone’s retirement plans and offers 17 registered mutual funds with 13 different investment objectives and characteristics.
In 2003, GuideStone introduced the first non-registered fund, the Capital Preservation Fund, and the Real Estate Securities Fund will join this lineup as a nonregistered fund in January. The Capital Preservation Fund and the Real Estate Securities Fund do not replace any of the existing mutual funds.
The fund will provide exposure to real estate by investing in a limited number of publicly traded real estate securities and will be diversified among property sectors and geographical locations. The fund’s subadviser is RREEF America L.L.C., and the benchmark is the Dow Jones Wilshire Real Estate Securities Index.
Shares of the Real Estate Securities Fund will be available only to eligible Southern Baptist participants in 403(b) and other employer-sponsored retirement plans including participants in deferred compensation plans. It is not available to participants in IRAs, Personal Investment Accounts and most 401(k) plans.
The fund will be launched with a $10 NAV (net asset value) and will pay dividends quarterly and capital gains distributions at year-end.
For more information, visit www.GuideStone.org. (GuideStone)
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