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Patricia Weiland
Executive Officer for Financial Solutions and Services
214-720-1171
Patty.Weiland@GuideStone.org

GuideStone to Launch Date Target Funds

November 14, 2006

DALLAS – GuideStone Financial Resources of the Southern Baptist Convention is expanding its investment choices for eligible retirement and retail participants with the launch of the MyDestination Funds on Jan. 2, 2007. These five registered date target funds will be managed to specific retirement dates and may be a suitable solution for investors of all ages looking to create or maintain a diversified, age-appropriate retirement choice in a single fund.

Each of the MyDestination Funds is a diversified “fund-of-funds” that has an asset allocation that gradually becomes more conservative as an investor approaches retirement. The five funds are managed to specific target dates and 15 years after retirement in 10-year increments – 2005, 2015, 2025, 2035 and 2045 – allowing investors to simply choose the year closest to their planned retirement. The funds are designed for investors willing to bear additional expenses in exchange for automatic rebalancing.* These funds will offer participants:

  • A simple retirement solution.
  • An age-appropriate, diversified portfolio that gradually adjusts as a participant’s retirement date approaches.
  • Access to professional management with automatic asset rebalancing.
  • A way to save time without sacrificing performance.

“We are offering these funds because of strong interest expressed by our participants and plans sponsors in recent market research and the growing acceptance of date target funds in the industry,” said John R. Jones, GuideStone’s chief operating officer. “We believe these funds will be an exciting addition to the GuideStone Funds line-up and will position us as the only registered mutual fund company offering Christian-based, socially-screened date target funds.”

The MyDestination Funds will invest primarily in GuideStone Select Funds and utilize the same social screening process as all GuideStone Funds.

“MyDestination Funds will offer the power of a dynamic asset allocation methodology that rebalances regularly and allows an investor to remain in a single fund while maintaining an appropriate level of risk as the time horizon to retirement decreases. It is a simple, yet sophisticated one-stop solution for investors at all ages,” said Rodric E. Cummins, GuideStone’s chief investment officer.

“We believe the MyDestination Funds series will be a popular investment choice and industry research shows that date target funds may be superior to the allocation that a participant might choose on his or her own,” Jones added. “Of course, it is important for participants to make appropriate and consistent retirement contributions throughout their work career.”

MyDestination Funds will be available to all GuideStone retirement and retail participants. These funds will be available in three share classes – GS4, GS6 and GS8. On Jan. 2, 2007, the funds will be launched with a $10 NAV (net asset value) and will pay dividends and distribute capital gains annually.

Additional information about MyDestination Funds is available on our Web site.


* By investing in the MyDestination Funds, participants will incur the expenses of the funds in addition to those of the underlying funds. Investors may invest in the funds directly, except for the Global Bond Fund. MyDestination Funds are also subject to the risks of the underlying funds they hold.

A REGISTRATION STATEMENT FOR THESE FUNDS HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION BUT HAS NOT YET BECOME EFFECTIVE. SHARES OF THE FUNDS MAY NOT BE SOLD, NOR MAY OFFERS TO BUY BE ACCEPTED, PRIOR TO THE TIME THE REGISTRATION STATEMENT BECOMES EFFECTIVE. THIS COMMUNICATION IS NOT AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF FUND SHARES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION IN ANY SUCH STATE.

Shares of the MyDestination Funds can be purchased on Jan. 2, 2007. You should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. A prospectus (pdf) with this and other information about the funds may be obtained by calling, 1-888-98-GUIDE (1-888-984-8433). You should read the final 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.



Word version - GuideStone to Launch Date Target Funds

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