DALLAS — Eight of 11 GuideStone Select Funds in the GS4 class exceeded their respective mutual fund peer universe median as measured by Lipper over the one-year period ending Dec. 31, 2009.
The news was even better for Select Funds in the GS2 class, which saw seven out of nine funds exceed their peer universe median over a one-year period, with six of nine beating their peer universe median over three- and five-year periods ending Dec. 31, 2009. Lipper Inc., a Reuters company, is a nationally recognized organization that compares the performance of mutual funds having similar investment objectives.
Additionally, GuideStone Fund’s Extended-Duration Bond Fund was ranked No. 1 out of 134 in the GS2 class and No. 2 out of 134 in the GS4 class for the five-year period ending Dec. 31, 2009, according to Lipper. The Extended-Duration Bond Fund in the GS2 class ranked 2 of 145 in its three-year period and 15 of 154 in the one-year period. In the GS4 class, it ranked 3 of 145 over the three-year period and 16 of 154 in the one-year period.
“This is indeed good news for GuideStone Funds and its investors,” said John R. Jones, chief operating officer for GuideStone Financial Resources. “To come through the volatile period we just experienced and be recognized by Lipper’s rankings is quite an accomplishment. The results we’re seeing reported by Lipper indicate that our consistent investment philosophy and the manager-of-managers approach can lead to industry-recognized performance.”
The Lipper results come as markets rebound from a volatile time period from 2008 through early 2009.
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