Products January 10, 2007

GuideStone Adds Target Date Funds

January 10, 2007 (PLANSPONSOR.com) - GuideStone Financial Resources has added five Christian-based, socially-screened target funds to its mutual fund offerings.
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GuideStone offers retirement services including retirement and executive compensation plans, personal and institutional investment products and recordkeeping services to churches, ministries, hospitals and educational institutions, according to a press release.

“Our participants are looking for a simple retirement solution coupled with responsible and competitive investments,” said John Jones, chief operating officer at GuideStone, in the press release. “We believe our date target funds fulfill this need.”

The funds are targeted to retirement dates in 10-year increments from 2005 to 2045 and each will be a diversified fund-of-funds that primarily uses GuideStone’s Select Funds as the underlying investments.

   

The new target date funds launched on January 2, 2007 include:

  • MyDestination 2005 Fund
  • MyDestination 2015 Fund
  • MyDestination 2025 Fund
  • MyDestination 2035 Fund
  • MyDestination 2045 Fund
  • The MyDestination 2005 Fund is intended for participants who have reached retirement age, but are still seeking an actively managed investment option.

  Additional information about MyDestination Funds is available at  http://www.GuideStone.org/MyDestination .

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