May 1, 2015 as amended June 1, 2015

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1 INSTITUTIONAL INVESTOR May 1, 2015 as amended June 1, 2015 DATE TARGET FUNDS MyDestination 2005 Fund MyDestination 2015 Fund MyDestination 2025 Fund MyDestination 2035 Fund MyDestination 2045 Fund MyDestination 2055 Fund GMIZX GMTZX GMWZX GMHZX GMFZX GMGZX ASSET ALLOCATION FUNDS Conservative Allocation Fund Balanced Allocation Fund Growth Allocation Fund Aggressive Allocation Fund Conservative Allocation Fund I Balanced Allocation Fund I Growth Allocation Fund I Aggressive Allocation Fund I GFIYX GGIYX GCOYX GGBYX GFIZX GGIZX GCOZX GGBZX SELECT FUNDS Money Market Fund Low-Duration Bond Fund Medium-Duration Bond Fund Extended-Duration Bond Fund Inflation Protected Bond Fund Global Bond Fund Flexible Income Fund Defensive Market Strategies Fund Real Assets Fund Equity Index Fund Real Estate Securities Fund Value Equity Fund Growth Equity Fund Small Cap Equity Fund International Equity Index Fund International Equity Fund Emerging Markets Equity Fund Global Natural Resources Equity Fund GMYXX GLDYX GMDYX GEDYX GIPYX GGBEX GDMYX GEQYX GREYX GVEYX GGEYX GSCYX GIIYX GIEYX GEMYX GMZXX GLDZX GMDZX GEDZX GIPZX GGBFX GFLZX GDMZX GRAZX GEQZX GREZX GVEZX GGEZX GSCZX GIEZX GEMZX GNRZX

2 GUIDESTONE FUNDS Supplement dated September 11, 2015 to Prospectus dated May 1, 2015, as amended June 1, 2015 This supplement provides new information beyond that contained in the Prospectus. It should be retained and read in conjunction with the Prospectus. On August 18, 2015, the Board of Trustees of GuideStone Funds (the Trust ) approved a plan of reorganization and termination under which each I Series Fund, listed in the table below, will transfer all of its assets to the correspondingly named Asset Allocation Fund, as shown below, in exchange for Institutional Class shares of the corresponding Asset Allocation Fund and the Asset Allocation Fund s assumption of the corresponding I Series Fund s liabilities. All of the I Series Funds and Asset Allocation Funds are currently organized as series of the Trust. Each I Series Fund and its corresponding Asset Allocation Fund have an identical investment program, and the Institutional Class of each Asset Allocation Fund has the same fee structure as its corresponding I Series Fund. I Series Funds Asset Allocation Funds Conservative Allocation Fund I Conservative Allocation Fund Institutional Class Institutional Class Balanced Allocation Fund I Balanced Allocation Fund Institutional Class Institutional Class Growth Allocation Fund I Growth Allocation Fund Institutional Class Institutional Class Aggressive Allocation Fund I Aggressive Allocation Fund Institutional Class Institutional Class Each reorganization is expected to be tax-free to shareholders, and shareholders will not experience any change to investment policies or procedures, fees and expenses or shareholder rights as a result of the reorganizations. After considering the factors related to the establishment of the I Series Funds, the fact that each I Series Fund and its corresponding Asset Allocation Fund have an identical investment program, and the fact that each I Series Fund and the Institutional Class of its corresponding Asset Allocation Fund have the same fee structure, the Board of Trustees determined that it would be in the best interests of each I Series Fund and its shareholders to continue the investment program of each I Series Fund within a multiple class structure instead of as a separate series of the Trust. Description of the Reorganizations Shareholders of each I Series Fund will receive Institutional Class shares of the corresponding Asset Allocation Fund equal in value at the time of the transaction to their shares in the I Series Fund, and each I Series Fund will then cease operations. i

3 Each I Series Fund and the corresponding Asset Allocation Fund currently have the same investment adviser, investment objective, strategies and policies and restrictions and, immediately after the reorganization, this will continue to be the case. Accordingly, your investment will continue to be managed by the same investment adviser operating under the same parameters stated in the current prospectus. In addition, the Institutional Class of each Asset Allocation Fund will have management agreements, other service agreements, fee structures and investment policies and procedures identical to each corresponding I Series Fund. No sales load, deferred sales charge, commission or other transactional fee will be charged as a result of the reorganizations. The total annual operating expenses are expected to be the same both before and after the reorganizations with respect to each I Series Fund and the Institutional Class of the corresponding Asset Allocation Fund. Summary of the Agreement and Plan of Reorganization The plan of reorganization and termination contemplates the transfer of all of the assets of each I Series Fund to the corresponding Asset Allocation Fund in exchange solely for the Asset Allocation Fund s assumption of all of the liabilities of the I Series Fund and Institutional Class shares of the Asset Allocation Fund having an aggregate net asset value equal to the aggregate net asset value of the shares held in the I Series Fund. Under the plan of reorganization and termination, each I Series Fund would then distribute those Institutional Class shares of the corresponding Asset Allocation Fund to its shareholders, so that each shareholder s account in an Asset Allocation Fund has the same value immediately after the reorganization as did that shareholder s account in the corresponding I Series Fund immediately before the reorganization. Tax Information Each reorganization is expected to qualify for federal tax purposes as a reorganization as defined in Section 368 of the Internal Revenue Code of 1986, as amended. As a result, it is expected that neither any I Series Fund nor any I Series Fund s respective shareholders would recognize any gain or loss as a direct result of the reorganizations and that the aggregate tax basis in and holding period for the Asset Allocation Fund shares received by each I Series Fund shareholder would be the same as the shareholder s aggregate tax basis in and holding period for the shareholder s I Series Fund shares held at the time of the reorganization. However, each I Series Fund will distribute undistributed net investment income, if any, at the time of or shortly before its reorganization, which would be taxable as ordinary income to its shareholders who hold their shares in a taxable account. You should talk to your tax advisor about any state, local and other tax consequences to you of the I Series Funds reorganizations. Timing and Costs It is anticipated that the reorganization of each I Series Fund will occur on or about November 20, The costs of the reorganization will be borne by the shareholders of each I Series Fund and the Institutional Class of each corresponding Asset Allocation Fund. Differences in Shareholder Rights The reorganization will not result in changes to shareholder rights, since both the I Series Funds and the Asset Allocation Funds are organized as series of the Trust. ii

4 2 GuideStone Funds Prospectus

5 Table of Contents A look at the objectives, fees and expenses, strategies and performance and main risks of each Fund. Details about the Funds management and service providers. Policies and instructions for opening, maintaining and closing an account. Fund Summaries Date Target Funds MyDestination 2005 Fund... 4 MyDestination 2015 Fund... 9 MyDestination 2025 Fund MyDestination 2035 Fund MyDestination 2045 Fund MyDestination 2055 Fund Asset Allocation Funds Conservative Allocation Fund Balanced Allocation Fund Growth Allocation Fund Aggressive Allocation Fund Conservative Allocation Fund I Balanced Allocation Fund I Growth Allocation Fund I Aggressive Allocation Fund I Select Funds Money Market Fund Low-Duration Bond Fund Medium-Duration Bond Fund Extended-Duration Bond Fund Inflation Protected Bond Fund Global Bond Fund Flexible Income Fund Defensive Market Strategies Fund Real Assets Fund Equity Index Fund Real Estate Securities Fund Value Equity Fund Growth Equity Fund Small Cap Equity Fund International Equity Index Fund International Equity Fund Emerging Markets Equity Fund Global Natural Resources Equity Fund Summary of Other Important Fund Information Additional Information Regarding the Funds Additional Investment & Risk Information Additional Information About Performance Benchmarks Management of the Funds Adviser... Sub-Advisers Service Providers Shareholder Information Eligible Investors... Minimum Investments Minimum Account Size Customer Identification Transactions with the Funds More Shareholder Information Shareholder Servicing Arrangements Related Performance Information Financial Highlights Glossary For More Information... Back cover Do you have questions about terms we use in this Prospectus? For information about key terms and concepts, look for our explanations shown in boxes. For definitions of investment terms, refer to the glossary in the back of this Prospectus. GuideStone Funds Prospectus 3

6 GuideStone Funds MyDestination 2005 Fund Investor GMIZX Investment Objective The MyDestination 2005 Fund seeks the highest total return over time consistent with its asset mix. Total return includes capital appreciation and income. Fees and Expenses This table describes the fees and expenses that you may pay if you buy and hold shares of the MyDestination 2005 Fund. Annual Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Investor Class Management fee 0.10% Other expenses 0.39% Acquired Fund fees and expenses (1) 0.56% Total annual operating expenses 1.05% Fee waiver & expense reimbursement (2) (0.14)% Total annual operating expenses (after fee waiver & expense reimbursement) (3) 0.91% (1) The expense information in the table has been restated to reflect current Acquired Fund fees and expenses based on the Fund s revised target allocations. (2) The Adviser has agreed to waive fees and/or reimburse expenses to the extent needed to limit direct Fund operating expenses to 0.35% (excluding interest, taxes, brokerage commissions, extraordinary expenses, acquired Fund fees and expenses and expenses incurred in connection with the short sales of securities). This contractual waiver and reimbursement applies to direct Fund operating expenses only and, should it be needed, will remain in place until April 30, The Fee waiver & expense reimbursement may also include the waiver of shareholder service fees attributable to the Fund s investment in the Flexible Income Fund and/or the Global Natural Resources Equity Fund. If expenses fall below the levels noted above within three years after the Adviser has made such a waiver or reimbursement, the Fund may repay the Adviser so long as the repayment does not cause the Fund to exceed its expense limitation during the year in which the repayment is made and the expense limitation in place during the year in which the waivers were originally incurred. This contractual waiver and reimbursement can only be terminated by the Board of Trustees of GuideStone Funds. (3) The expense information in the table has been restated to reflect estimated amounts for the current fiscal year. Expense Example This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund s operating expenses remain the same. Finally, the example assumes that all dividends and other distributions are reinvested. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: Investor Class 1 Year $ 93 3 Years $ Years $ Years $1,270 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or turns over its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the total annual Fund operating expenses or in the example, affect the Fund s performance. During the most recent fiscal year, the Fund s portfolio turnover rate was 9% of the average value of its portfolio. 4 GuideStone Funds Prospectus

7 Principal Investment Strategies The Fund, through investments predominantly in the GuideStone Funds Select Funds ( Select Funds ), is managed to the specific retirement year included in its name by adjusting the percentage of fixed-income securities and the percentage of equity securities to become more conservative each year until reaching the year approximately 12 years after the retirement year. The Fund s strategy is to pursue the maximum amount of capital growth, consistent with a reasonable amount of risk, during a shareholder s pre-retirement and early retirement years, and to adjust the Fund s asset mix to increase the exposure to investments in fixed-income securities, with an emphasis on shorter duration bonds, during a shareholder s later retirement years and 12 years after the target retirement year. The Adviser uses the following target and potential ranges in allocating the Fund s assets as of June June Years After 12 Years After Retirement 2005 (5) Fixed Income Select Funds (1)(2) 51.53% 50.50% 55.00% Money Market 0.00% 0.00% 0.00% Low-Duration Bond 38.64% 37.87% 41.24% Medium-Duration Bond 10.31% 10.10% 11.00% Extended-Duration Bond 0.00% 0.00% 0.00% Global Bond 2.58% 2.53% 2.76% U.S. Equity Select Funds (2)(3) 21.26% 22.00% 18.60% Defensive Market Strategies 10.44% 10.75% 9.00% Equity Index 3.23% 3.35% 2.88% Value Equity 3.23% 3.35% 2.88% Growth Equity 3.23% 3.35% 2.88% Small Cap Equity 1.13% 1.20% 0.96% Non-U.S. Equity Select Funds (2) 7.21% 7.50% 6.40% International Equity Index 1.90% 1.98% 1.69% International Equity 3.80% 3.95% 3.37% Emerging Markets Equity 1.51% 1.57% 1.34% Real Assets Select Funds (1)(2) 18.00% 18.00% 20.00% Inflation Protected Bond 10.00% 10.00% 10.00% Flexible Income 5.00% 5.00% 5.00% Real Estate Securities 1.00% 1.00% 1.00% Global Natural Resources Equity 2.00% 2.00% 4.00% Credit Suisse Commodity Return Strategy (4) 2.00% 2.00% 0.00% (1) These target allocations may include investment grade and high yield ( junk bond ) fixed-income classes and may include foreign and domestic investments. (2) All asset classes include a Fund or Funds which may invest a portion of its or their assets in derivatives. (3) The U.S. Equity Select Funds asset class includes the Defensive Market Strategies Fund which may invest a portion of its assets in fixed-income and convertible securities. (4) This fund is not a series of the Trust and is advised by an unaffiliated adviser. (5) The retirement year of 2005 assumes that an investor retired at age 65. The Fund s assets will be transferred to the Conservative Allocation Fund approximately 12 years after the retirement year through a merger with the Conservative Allocation Fund. If such a merger is not possible, the Fund s Board of Trustees will consider other available options, including the continued operation of the Fund, merger with another Fund or termination of the Fund. The Conservative Allocation Fund seeks current income and modest capital appreciation. The Adviser establishes the asset mix of the Fund and selects the underlying investments in which to invest using its proprietary investment process, which is based on fundamental research regarding the investment characteristics of each asset class and the Select Funds or other investments, as well as its outlook for the economy and financial markets. Target allocations represent the Fund s current target for investments. Actual allocations may differ from the target due to market fluctuations and other factors. The target allocations generally are not expected to vary from those shown by more than plus or minus 15 percentage points. For example, a target allocation of 20% could vary between 5% and 35%. Although the Adviser will not generally vary beyond the 15 percentage point allocation range, the Adviser may at times determine in light of market and economic conditions that this range should be exceeded to protect the Fund or help achieve its objective. The Adviser may change the asset allocations and target ranges and may add or eliminate new or existing Select Funds or other investments without shareholder approval. The Fund will rebalance its assets from time to time to adjust for changes in the values of the underlying Select Funds or other investments and changes to the allocation targets. GuideStone Funds Prospectus 5

8 Principal Investment Risks The Fund s value will go up and down in response to changes in the share prices of the Select Funds and other investments that it owns. There is no guarantee that the Fund s investments will increase in value. Therefore, it is possible to lose money by investing in the Fund. Because the Fund owns Select Funds that invest in bonds and other fixed-income securities, the Fund s value will fluctuate due to changes in interest rates. When interest rates rise, the prices of fixed-income securities fall and vice versa. Recent events in the fixed-income market may expose the Fund to heightened interest rate risk and volatility. Other factors may affect fixed-income securities, such as financial conditions of a particular issuer and general economic conditions. The yield earned by the Fund will also vary with changes in interest rates and other economic factors. Because the Fund owns Select Funds that invest in fixedincome securities with longer durations, the Fund s investments in those Select Funds may be more sensitive to changes in interest rates. Duration measures the expected life of a fixed-income security and its sensitivity to changes in interest rates. The longer the Select Fund s dollar-weighted average duration, the more sensitive that Select Fund will be to interest rate changes as compared to funds with shorter dollar-weighted average durations. There is a risk that the issuer of a fixed-income investment owned by a Select Fund may fail to pay interest or even principal due in a timely manner or at all. To the extent that the Fund owns Select Funds that invest in high yield securities ( junk bonds ), the Fund will be subject to risks that the junk bonds may default, are more volatile than bonds rated investment grade and are inherently speculative. Issuers of these bonds may be more sensitive to economic downturns and may be unable to make timely interest or principal payments. The Fund s value could be hurt by price declines due to actual or perceived changes in an issuer s ability to make such payments. Because the interest and/or principal payments on an inflation-indexed bond are adjusted periodically for changes in inflation, the income distributed by the Fund may fluctuate considerably more than the income distributions of a typical bond fund. Income fluctuations associated with changes in interest rates may be low; however, income fluctuations associated with changes in inflation may be high. In periods of extreme deflation, the Fund may have no income to distribute. Although some issuers of inflation-indexed securities guarantee to pay at least the original principal value of any inflation-indexed bond it issues, other issuers may not offer the same guarantee. As a result, some inflationindexed securities held by the Fund may suffer a loss of principal as well as lower income during periods of sustained deflation. Because the Fund owns Select Funds that invest in senior secured and unsecured floating rate loans ( Senior Loans ), the Fund will be exposed to the risk that a court could subordinate a Senior Loan, which typically holds the most senior position in the issuer s capital structure, to presently existing or future indebtedness or take other action detrimental to the holders of Senior Loans. Senior Loans are often below investment grade and are considered to be inherently speculative. In addition, the Fund s exposure to Senior Loans may heighten the Fund s collateral and liquidity risks. There is a risk that the value of the collateral securing a Senior Loan may decline after investment and that the collateral may not be sufficient to cover the amount owed. Regarding liquidity risk, Senior Loans may not have an active trading market and are generally subject to restrictions on transfer, so they may not be sold at a time when it is desirable to do so or may only be sold at prices that are less than what is thought to be their fair value. To the extent that the Fund owns Select Funds that invest in derivatives, it is exposed to derivative risk. Derivatives are subject to the risk of changes in the market price of the underlying securities, credit risk with respect to the counterparty to the derivative instruments, correlation risk and the risk of loss due to changes in interest rates. The use of certain derivatives by the underlying Select Funds may also have a leveraging effect which may increase the volatility of the Fund and may reduce its returns. Because the Fund owns Select Funds that buy stocks and other equity securities, the Fund s value will fluctuate due to business developments concerning a particular issuer, industry or country, as well as general market and economic conditions. There is a risk that value-oriented investments may not perform as well as the rest of the U.S. stock market as a whole. In the past, value stocks have tended to lag the overall stock market during rising markets and to outperform it during periods of flat or declining markets (although no guarantee may be made with respect to the future performance of value stocks and the stock market). There is a risk that growth-oriented investments may not perform as well as the rest of the U.S. stock market as a whole. In the past, growth stocks have tended to outperform the overall stock market during rising markets and to lag during periods of flat or declining markets (although no guarantee may be made with respect to the future performance of growth stocks and the stock market). 6 GuideStone Funds Prospectus

9 Because the Fund owns Select Funds that invest in foreign issuers, the Fund is subject to risks presented by investments in such issuers. Securities of foreign issuers may be negatively affected by political events, economic conditions, or inefficient, illiquid or unregulated markets in foreign countries. Foreign issuers may be subject to inadequate regulatory or accounting standards, which may increase investment risk. Investment by a Select Fund in emerging markets involves even greater risks than investing in more developed foreign markets because, among other things, emerging markets often have more political and economic instability. Changes in currency exchange rates relative to the U.S. dollar may negatively affect the values of foreign investments held by the Select Funds in which the Fund invests. Because the Fund indirectly pays a portion of the expenses incurred by the Select Funds and other investments in which it invests, in addition to paying its own expenses, the overall cost of investing in the Fund may be higher than investing in the individual Select Funds or other investments directly. Performance The following bar chart and table illustrate the risks of investing in the Fund. The bar chart provides some indication of the risks of investing in the Fund by showing changes in the Fund s performance from year to year and the annual total returns of the Fund s Investor Class shares. The table provides some indication of the risks of investing in the Fund by showing how the Fund s Investor Class returns, both before and after taxes, averaged over certain periods of time, compare to the performance of a composite index and four broad-based market indices during the same periods. The Composite Index shows how the Fund s performance compares with the returns of an index of securities similar to those in which the Fund invests. (The Composite Index corresponds to the Fund s percentage allocations to the underlying asset classes as represented by the Fund s target investment in the Select Funds.) The Bank of America Merrill Lynch 1-3 Year Treasury Index, Barclays U.S. Aggregate Bond Index, Russell 3000 Index and MSCI ACWI (All Country World Index) Ex-U.S. Index are provided to show how the Fund s performance compares with the returns of an index of securities that are closer to those in which the Fund invests. Investor Class Annual Total Return years ended 12/31 30% 20% 10% 0% -10% -20% -30% 21.84% 10.56% 8.92% 6.42% 6.18% 2.52% (22.78)% 2.54% Best Quarter: 11.63% 6/2009 Worst Quarter: (12.09)% 12/2008 Average Annual Total Returns as of 12/31/14 One Year Five Years Since Inception (12/29/2006) Investor Class before taxes 2.54% 6.09% 3.78% Investor Class after taxes on distributions (1) 1.29% 5.29% 2.84% Investor Class after taxes on distributions and sale of Fund shares (1) 1.96% 4.52% 2.65% Composite Index (reflects no deduction for fees, expenses or taxes) 2.99% 5.91% 3.92% Bank of America Merrill Lynch 1-3 Year Treasury Index (reflects no deduction for fees, expenses or taxes) 0.62% 1.06% 2.47% Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) 5.97% 4.45% 5.04% Russell 3000 Index (reflects no deduction for fees, expenses or taxes) 12.56% 15.63% 7.24% MSCI ACWI (All Country World Index) Ex-U.S. Index (reflects no deduction for fees, expenses or taxes) (3.87)% 4.43% 1.39% (1) After-tax returns are calculated using the highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown and are not relevant if you hold your shares through tax-deferred arrangements, such as 403(b) plans, 401(k) plans or individual retirement arrangements ( IRAs ). The Fund s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available on the Funds website at or by calling GS-FUNDS ( ). GuideStone Funds Prospectus 7

10 Management Investment Adviser and Portfolio Managers GuideStone Capital Management, LLC Ronald C. Dugan, Jr., CFA, CPA President Matt L. Peden, CFA Vice President and Chief Investment Officer Tim Bray, CFA, CAIA Senior Portfolio Manager Since August 2010 Since December 2006 Since April 2014 Purchase and Sale of Fund Shares, Tax Information and Payments to Broker-Dealers and Other Financial Intermediaries For important information about purchase and sale of Fund shares, tax information and financial intermediary compensation, please turn to Summary of Other Important Fund Information on page GuideStone Funds Prospectus

11 GuideStone Funds MyDestination 2015 Fund Investor GMTZX Investment Objective The MyDestination 2015 Fund seeks the highest total return over time consistent with its asset mix. Total return includes capital appreciation and income. Fees and Expenses This table describes the fees and expenses that you may pay if you buy and hold shares of the MyDestination 2015 Fund. Annual Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Investor Class Management fee 0.10% Other expenses 0.29% Acquired Fund fees and expenses (1) 0.63% Total annual operating expenses 1.02% Fee waiver & expense reimbursement (2) (0.04)% Total annual operating expenses (after fee waiver & expense reimbursement) (3) 0.98% (1) The expense information in the table has been restated to reflect current Acquired Fund fees and expenses based on the Fund s revised target allocations. (2) The Adviser has agreed to waive fees and/or reimburse expenses to the extent needed to limit direct Fund operating expenses to 0.35% (excluding interest, taxes, brokerage commissions, extraordinary expenses, acquired Fund fees and expenses and expenses incurred in connection with the short sales of securities). This contractual waiver and reimbursement applies to direct Fund operating expenses only and, should it be needed, will remain in place until April 30, The Fee waiver & expense reimbursement may also include the waiver of shareholder service fees attributable to the Fund s investment in the Flexible Income Fund and/or the Global Natural Resources Equity Fund. If expenses fall below the levels noted above within three years after the Adviser has made such a waiver or reimbursement, the Fund may repay the Adviser so long as the repayment does not cause the Fund to exceed its expense limitation during the year in which the repayment is made and the expense limitation in place during the year in which the waivers were originally incurred. This contractual waiver and reimbursement can only be terminated by the Board of Trustees of GuideStone Funds. (3) The expense information in the table has been restated to reflect estimated amounts for the current fiscal year. Expense Example This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund s operating expenses remain the same. Finally, the example assumes that all dividends and other distributions are reinvested. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: Investor Class 1 Year $ Years $ Years $ Years $1,244 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or turns over its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the total annual Fund operating expenses or in the example, affect the Fund s performance. During the most recent fiscal year, the Fund s portfolio turnover rate was 6% of the average value of its portfolio. GuideStone Funds Prospectus 9

12 Principal Investment Strategies The Fund, through investments predominantly in the GuideStone Funds Select Funds ( Select Funds ), is managed to the specific retirement year included in its name by adjusting the percentage of fixed-income securities and the percentage of equity securities to become more conservative each year until reaching the year approximately 12 years after the retirement year. The Fund s strategy is to pursue the maximum amount of capital growth, consistent with a reasonable amount of risk, during a shareholder s pre-retirement and early retirement years, and to adjust the Fund s asset mix to increase the exposure to investments in fixed-income securities, with an emphasis on shorter duration bonds, until 12 years after the target retirement year. The Adviser uses the following target and potential ranges in allocating the Fund s assets as of June June 2015 Retirement 2015 (5) 5 Years After 10 Years After 12 Years After Fixed Income Select Funds (1)(2) 32.21% 32.00% 39.50% 50.50% 55.00% Money Market 0.00% 0.00% 0.00% 0.00% 0.00% Low-Duration Bond 13.15% 12.80% 19.75% 37.87% 41.24% Medium-Duration Bond 12.88% 12.80% 15.80% 10.10% 11.00% Extended-Duration Bond 1.48% 1.60% 0.00% 0.00% 0.00% Global Bond 4.70% 4.80% 3.95% 2.53% 2.76% U.S. Equity Select Funds (2)(3) 35.84% 36.01% 30.41% 22.00% 18.60% Defensive Market Strategies 17.89% 18.00% 15.25% 10.75% 9.00% Equity Index 5.29% 5.31% 4.49% 3.35% 2.88% Value Equity 5.29% 5.31% 4.49% 3.35% 2.88% Growth Equity 5.29% 5.31% 4.49% 3.35% 2.88% Small Cap Equity 2.08% 2.08% 1.69% 1.20% 0.96% Non-U.S. Equity Select Funds (2) 11.95% 11.99% 10.09% 7.50% 6.40% International Equity Index 3.15% 3.15% 2.66% 1.98% 1.69% International Equity 6.29% 6.32% 5.32% 3.95% 3.37% Emerging Markets Equity 2.51% 2.52% 2.11% 1.57% 1.34% Real Assets Select Funds (1)(2) 18.00% 18.00% 18.00% 18.00% 20.00% Inflation Protected Bond 10.00% 10.00% 10.00% 10.00% 10.00% Flexible Income 5.00% 5.00% 5.00% 5.00% 5.00% Real Estate Securities 1.00% 1.00% 1.00% 1.00% 1.00% Global Natural Resources Equity 2.00% 2.00% 2.00% 2.00% 4.00% Credit Suisse Commodity Return Strategy (4) 2.00% 2.00% 2.00% 2.00% 0.00% (1) These target allocations may include investment grade and high yield ( junk bond ) fixed-income classes and may include foreign and domestic investments. (2) All asset classes include a Fund or Funds which may invest a portion of its or their assets in derivatives. (3) The U.S. Equity Select Funds asset class includes the Defensive Market Strategies Fund which may invest a portion of its assets in fixed income and convertible securities. (4) This fund is not a series of the Trust and is advised by an unaffiliated adviser. (5) The retirement year of 2015 assumes that an investor retired at age 65. The Fund s assets will be transferred to the Conservative Allocation Fund approximately 12 years after the retirement year through a merger with the Conservative Allocation Fund. If such a merger is not possible, the Fund s Board of Trustees will consider other available options, including the continued operation of the Fund, merger with another Fund or termination of the Fund. The Conservative Allocation Fund seeks current income and modest capital appreciation. The Adviser establishes the asset mix of the Fund and selects the underlying investments in which to invest using its proprietary investment process, which is based on fundamental research regarding the investment characteristics of each asset class and the Select Funds or other investments, as well as its outlook for the economy and financial markets. Target allocations represent the Fund s current target for investments. Actual allocations may differ from the target due to market fluctuations and other factors. The target allocations generally are not expected to vary from those shown by more than plus or minus 15 percentage points. For example, a target allocation of 20% could vary between 5% and 35%. Although the Adviser will not generally vary beyond the 15 percentage point allocation range, the Adviser may at times determine in light of market and economic conditions that this range should be exceeded to protect the Fund or help achieve its objective. The Adviser may change the asset allocations and target ranges and may add or eliminate new or existing Select Funds or other investments without shareholder approval. The Fund will rebalance its assets from time to time to adjust for changes in the values of the underlying Select Funds or other investments and changes to the allocation targets. 10 GuideStone Funds Prospectus

13 Principal Investment Risks The Fund s value will go up and down in response to changes in the share prices of the Select Funds and other investments that it owns. There is no guarantee that the Fund s investments made by the Select Funds will increase in value. Therefore, it is possible to lose money by investing in the Fund. Because the Fund owns Select Funds that invest in bonds and other fixed-income securities, the Fund s value will fluctuate due to changes in interest rates. When interest rates rise, the prices of fixed-income securities fall and vice versa. Recent events in the fixed-income market may expose the Fund to heightened interest rate risk and volatility. Other factors may affect fixed-income securities, such as financial conditions of a particular issuer and general economic conditions. The yield earned by the Fund will also vary with changes in interest rates and other economic factors. Because the Fund owns Select Funds that invest in fixedincome securities with longer durations, the Fund s investments in those Select Funds may be more sensitive to changes in interest rates. Duration measures the expected life of a fixed-income security and its sensitivity to changes in interest rates. The longer the Select Fund s dollar-weighted average duration, the more sensitive that Select Fund will be to interest rate changes as compared to funds with shorter dollar-weighted average durations. There is a risk that the issuer of a fixed-income investment owned by a Select Fund may fail to pay interest or even principal due in a timely manner or at all. To the extent the Fund owns Select Funds that buy investments in convertible securities, the Fund s value will fluctuate due to factors affecting a convertible security s market value, which tends to reflect the market price of the common stock of the issuing company when that stock price approaches or is greater than the convertible security s conversion price. To the extent that the Fund owns Select Funds that invest in high yield securities ( junk bonds ), the Fund will be subject to risks that the junk bonds may default, are more volatile than bonds rated investment grade and are inherently speculative. Issuers of these bonds may be more sensitive to economic downturns and may be unable to make timely interest or principal payments. The Fund s value could be hurt by price declines due to actual or perceived changes in an issuer s ability to make such payments. Because the interest and/or principal payments on an inflation-indexed bond are adjusted periodically for changes in inflation, the income distributed by the Fund may fluctuate considerably more than the income distributions of a typical bond fund. Income fluctuations associated with changes in interest rates may be low; however, income fluctuations associated with changes in inflation may be high. In periods of extreme deflation, the Fund may have no income to distribute. Although some issuers of inflation-indexed securities guarantee to pay at least the original principal value of any inflation-indexed bond it issues, other issuers may not offer the same guarantee. As a result, some inflationindexed securities held by the Fund may suffer a loss of principal as well as lower income during periods of sustained deflation. To the extent that the Fund owns Select Funds that invest in derivatives, it is exposed to derivative risk. Derivatives are subject to the risk of changes in the market price of the underlying securities, credit risk with respect to the counterparty to the derivative instruments, correlation risk and the risk of loss due to changes in interest rates. The use of certain derivatives by the underlying Select Funds may also have a leveraging effect which may increase the volatility of the Fund and may reduce its returns. Because the Fund owns Select Funds that buy stocks and other equity securities, the Fund s value will fluctuate due to business developments concerning a particular issuer, industry or country, as well as general market and economic conditions. There is a risk that value-oriented investments may not perform as well as the rest of the U.S. stock market as a whole. In the past, value stocks have tended to lag the overall stock market during rising markets and to outperform it during periods of flat or declining markets (although no guarantee may be made with respect to the future performance of value stocks and the stock market). There is a risk that growth-oriented investments may not perform as well as the rest of the U.S. stock market as a whole. In the past, growth stocks have tended to outperform the overall stock market during rising markets and to lag during periods of flat or declining markets (although no guarantee may be made with respect to the future performance of growth stocks and the stock market). To the extent the Fund owns Select Funds that buy investments in real estate, the Fund s value will fluctuate due to factors affecting the real estate market, including, among others, overbuilding, change in rental fees, limited diversification and change in laws. Because the Fund owns Select Funds that invest in foreign issuers, the Fund is subject to risks presented by investments in such issuers. Securities of foreign issuers may be negatively affected by political events, economic conditions, or inefficient, illiquid or unregulated markets GuideStone Funds Prospectus 11

14 in foreign countries. Foreign issuers may be subject to inadequate regulatory or accounting standards, which may increase investment risk. Investment by a Select Fund in emerging markets involves even greater risks than investing in more developed foreign markets because, among other things, emerging markets often have more political and economic instability. Changes in currency exchange rates relative to the U.S. dollar may negatively affect the values of foreign investments held by the Select Funds in which the Fund invests. Because the Fund indirectly pays a portion of the expenses incurred by the Select Funds and other investments in which it invests, in addition to paying its own expenses, the overall cost of investing in the Fund may be higher than investing in the individual Select Funds or other investments directly. Performance The following bar chart and table illustrate the risks of investing in the Fund. The bar chart provides some indication of the risks of investing in the Fund by showing changes in the Fund s performance from year to year and the annual total returns of the Fund s Investor Class shares. The table provides some indication of the risks of investing in the Fund by showing how the Fund s Investor Class returns, both before and after taxes, averaged over certain periods of time, compare to the performance of a composite index and four broad-based market indices during the same periods. The Composite Index shows how the Fund s performance compares with the returns of an index of securities similar to those in which the Fund invests. (The Composite Index corresponds to the Fund s percentage allocations to the underlying asset classes as represented by the Fund s target investment in the Select Funds.) The Bank of America Merrill Lynch 1-3 Year Treasury Index, Barclays U.S. Aggregate Bond Index, Russell 3000 Index and MSCI ACWI (All Country World Index) Ex-U.S. Index are provided to show how the Fund s performance compares with the returns of an index of securities that are closer to those in which the Fund invests. The Fund s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available on the Funds website at or by calling GS-FUNDS ( ). Investor Class Annual Total Return years ended 12/31 40% 20% 0% -20% -40% 6.12% (29.31)% 26.27% 13.54% 11.46% 10.35% 1.84% 3.92% Best Quarter: 15.12% 6/2009 Worst Quarter: (15.87)% 12/2008 Average Annual Total Returns as of 12/31/14 One Year Five Years Since Inception (12/29/2006) Investor Class before taxes 3.92% 8.13% 4.29% Investor Class after taxes on distributions (1) 2.40% 7.21% 3.36% Investor Class after taxes on distributions and sale of Fund shares (1) 2.94% 6.13% 3.07% Composite Index (reflects no deduction for fees, expenses or taxes) 4.15% 7.89% 4.45% Bank of America Merrill Lynch 1-3 Year Treasury Index (reflects no deduction for fees, expenses or taxes) 0.62% 1.06% 2.47% Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) 5.97% 4.45% 5.04% Russell 3000 Index (reflects no deduction for fees, expenses or taxes) 12.56% 15.63% 7.24% MSCI ACWI (All Country World Index) Ex-U.S. Index (reflects no deduction for fees, expenses or taxes) (3.87)% 4.43% 1.39% (1) After-tax returns are calculated using the highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown and are not relevant if you hold your shares through tax-deferred arrangements, such as 403(b) plans, 401(k) plans or individual retirement arrangements ( IRAs ). 12 GuideStone Funds Prospectus

15 Management Investment Adviser and Portfolio Managers GuideStone Capital Management, LLC Ronald C. Dugan, Jr., CFA, CPA President Matt L. Peden, CFA Vice President and Chief Investment Officer Tim Bray, CFA, CAIA Senior Portfolio Manager Since August 2010 Since December 2006 Since April 2014 Purchase and Sale of Fund Shares, Tax Information and Payments to Broker-Dealers and Other Financial Intermediaries For important information about purchase and sale of Fund shares, tax information and financial intermediary compensation, please turn to Summary of Other Important Fund Information on page 130. GuideStone Funds Prospectus 13

16 GuideStone Funds MyDestination 2025 Fund Investor GMWZX Investment Objective The MyDestination 2025 Fund seeks the highest total return over time consistent with its asset mix. Total return includes capital appreciation and income. Fees and Expenses This table describes the fees and expenses that you may pay if you buy and hold shares of the MyDestination 2025 Fund. Annual Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Investor Class Management fee 0.10% Other expenses 0.29% Acquired Fund fees and expenses (1) 0.68% Total annual operating expenses 1.07% Fee waiver & expense reimbursement (2) (0.04)% Total annual operating expenses (after fee waiver & expense reimbursement) (3) 1.03% (1) The expense information in the table has been restated to reflect current Acquired Fund fees and expenses based on the Fund s revised target allocations. (2) The Adviser has agreed to waive fees and/or reimburse expenses to the extent needed to limit direct Fund operating expenses to 0.35% (excluding interest, taxes, brokerage commissions, extraordinary expenses, acquired Fund fees and expenses and expenses incurred in connection with the short sales of securities). This contractual waiver and reimbursement applies to direct Fund operating expenses only and, should it be needed, will remain in place until April 30, The Fee waiver & expense reimbursement may also include the waiver of shareholder service fees attributable to the Fund s investment in the Flexible Income Fund and/or the Global Natural Resources Equity Fund. If expenses fall below the levels noted above within three years after the Adviser has made such a waiver or reimbursement, the Fund may repay the Adviser so long as the repayment does not cause the Fund to exceed its expense limitation during the year in which the repayment is made and the expense limitation in place during the year in which the waivers were originally incurred. This contractual waiver and reimbursement can only be terminated by the Board of Trustees of GuideStone Funds. (3) The expense information in the table has been restated to reflect estimated amounts for the current fiscal year. Expense Example This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund s operating expenses remain the same. Finally, the example assumes that all dividends and other distributions are reinvested. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: Investor Class 1 Year $ Years $ Years $ Years $1,302 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or turns over its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the total annual Fund operating expenses or in the example, affect the Fund s performance. During the most recent fiscal year, the Fund s portfolio turnover rate was 3% of the average value of its portfolio. 14 GuideStone Funds Prospectus

17 Principal Investment Strategies The Fund, through investments predominantly in the GuideStone Funds Select Funds ( Select Funds ), is managed to the specific retirement year included in its name by adjusting the percentage of fixed-income securities and the percentage of equity securities to become more conservative each year until reaching the year approximately 12 years after the retirement year. The Fund s strategy is to pursue the maximum amount of capital growth, consistent with a reasonable amount of risk, during a shareholder s pre-retirement and early retirement years, and to adjust the Fund s asset mix to increase the exposure to investments in fixed-income securities, with an emphasis on shorter duration bonds, until 12 years after the target retirement year. The Adviser uses the following target and potential ranges in allocating the Fund s assets as of June June Years Before Retirement 5 Years 2025 (5) After 10 Years After 12 Years After Fixed Income Select Funds (1)(2) 24.42% 24.00% 32.00% 39.50% 50.50% 55.00% Money Market 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Low-Duration Bond 6.42% 6.00% 12.80% 19.75% 37.87% 41.24% Medium-Duration Bond 9.77% 9.60% 12.80% 15.80% 10.10% 11.00% Extended-Duration Bond 2.44% 2.40% 1.60% 0.00% 0.00% 0.00% Global Bond 5.79% 6.00% 4.80% 3.95% 2.53% 2.76% U.S. Equity Select Funds (2)(3) 43.65% 44.06% 36.01% 30.41% 22.00% 18.60% Defensive Market Strategies 17.59% 17.50% 18.00% 15.25% 10.75% 9.00% Equity Index 7.63% 7.77% 5.31% 4.49% 3.35% 2.88% Value Equity 7.63% 7.77% 5.31% 4.49% 3.35% 2.88% Growth Equity 7.63% 7.77% 5.31% 4.49% 3.35% 2.88% Small Cap Equity 3.17% 3.25% 2.08% 1.69% 1.20% 0.96% Non-U.S. Equity Select Funds (2) 17.36% 17.69% 11.99% 10.09% 7.50% 6.40% International Equity Index 4.57% 4.65% 3.15% 2.66% 1.98% 1.69% International Equity 9.14% 9.32% 6.32% 5.32% 3.95% 3.37%% Emerging Markets Equity 3.65% 3.72% 2.52% 2.11% 1.57% 1.34% Real Assets Select Funds (1)(2) 11.57% 11.25% 18.00% 18.00% 18.00% 20.00% Inflation Protected Bond 4.21% 4.00% 10.00% 10.00% 10.00% 10.00% Flexible Income 1.71% 1.50% 5.00% 5.00% 5.00% 5.00% Real Estate Securities 2.65% 2.75% 1.00% 1.00% 1.00% 1.00% Global Natural Resources Equity 3.00% 3.00% 2.00% 2.00% 2.00% 4.00% Credit Suisse Commodity Return Strategy (4) 3.00% 3.00% 2.00% 2.00% 2.00% 0.00% (1) These target allocations may include investment grade and high yield ( junk bond ) fixed-income classes and may include foreign and domestic investments. (2) All asset classes include a Fund or Funds which may invest a portion of its or their assets in derivatives. (3) The U.S. Equity Select Funds asset class includes the Defensive Market Strategies Fund which may invest a portion of its assets in fixed-income and convertible securities. (4) This fund is not a series of the Trust and is advised by an unaffiliated adviser. (5) The retirement year of 2025 assumes that an investor retired at age 65. The Fund s assets will be transferred to the Conservative Allocation Fund approximately 12 years after the retirement year through a merger with the Conservative Allocation Fund. If such a merger is not possible, the Fund s Board of Trustees will consider other available options, including the continued operation of the Fund, merger with another Fund or termination of the Fund. The Conservative Allocation Fund seeks current income and modest capital appreciation. The Adviser establishes the asset mix of the Fund and selects the underlying investments in which to invest using its proprietary investment process, which is based on fundamental research regarding the investment characteristics of each asset class and the Select Funds or other investments, as well as its outlook for the economy and financial markets. Target allocations represent the Fund s current target for investments. Actual allocations may differ from the target due to market fluctuations and other factors. The target allocations generally are not expected to vary from those shown by more than plus or minus 15 percentage points. For example, a target allocation of 20% could vary between 5% and 35%. Although the Adviser will not generally vary beyond the 15 percentage point allocation range, the Adviser may at times determine in light of market and economic conditions that this range should be exceeded to protect the Fund or help achieve its objective. The Adviser may change the asset allocations and target ranges and may add or eliminate new or existing Select Funds or other investments without shareholder approval. The Fund will rebalance its assets from time to time to adjust for changes in the values of the underlying Select Funds or other investments and changes to the allocation targets. GuideStone Funds Prospectus 15

18 Principal Investment Risks The Fund s value will go up and down in response to changes in the share prices of the Select Funds and other investments that it owns. There is no guarantee that the Fund s investments will increase in value. Therefore, it is possible to lose money by investing in the Fund. Because the Fund owns Select Funds that invest in bonds and other fixed-income securities, the Fund s value will fluctuate due to changes in interest rates. When interest rates rise, the prices of fixed-income securities fall and vice versa. Recent events in the fixed-income market may expose the Fund to heightened interest rate risk and volatility. Other factors may affect fixed-income securities, such as financial conditions of a particular issuer and general economic conditions. The yield earned by the Fund will also vary with changes in interest rates and other economic factors. Because the Fund owns Select Funds that invest in fixedincome securities with longer durations, the Fund s investments in those Select Funds may be more sensitive to changes in interest rates. Duration measures the expected life of a fixed-income security and its sensitivity to changes in interest rates. The longer the Select Fund s dollar-weighted average duration, the more sensitive that Select Fund will be to interest rate changes as compared to funds with shorter dollar-weighted average durations. There is a risk that the issuer of a fixed-income investment owned by a Select Fund may fail to pay interest or even principal due in a timely manner or at all. To the extent the Fund owns Select Funds that buy investments in convertible securities, the Fund s value will fluctuate due to factors affecting a convertible security s market value, which tends to reflect the market price of the common stock of the issuing company when that stock price approaches or is greater than the convertible security s conversion price. To the extent that the Fund owns Select Funds that invest in high yield securities ( junk bonds ), the Fund will be subject to risks that the junk bonds may default, are more volatile than bonds rated investment grade and are inherently speculative. Issuers of these bonds may be more sensitive to economic downturns and may be unable to make timely interest or principal payments. The Fund s value could be hurt by price declines due to actual or perceived changes in an issuer s ability to make such payments. To the extent that the Fund owns Select Funds that invest in derivatives, it is exposed to derivative risk. Derivatives are subject to the risk of changes in the market price of the underlying securities, credit risk with respect to the counterparty to the derivative instruments, correlation risk and the risk of loss due to changes in interest rates. The use of certain derivatives by the underlying Select Funds may also have a leveraging effect which may increase the volatility of the Fund and may reduce its returns. Because the Fund owns Select Funds that buy stocks and other equity securities, the Fund s value will fluctuate due to business developments concerning a particular issuer, industry or country, as well as general market and economic conditions. There is a risk that value-oriented investments may not perform as well as the rest of the U.S. stock market as a whole. In the past, value stocks have tended to lag the overall stock market during rising markets and to outperform it during periods of flat or declining markets (although no guarantee may be made with respect to the future performance of value stocks and the stock market). There is a risk that growth-oriented investments may not perform as well as the rest of the U.S. stock market as a whole. In the past, growth stocks have tended to outperform the overall stock market during rising markets and to lag during periods of flat or declining markets (although no guarantee may be made with respect to the future performance of growth stocks and the stock market). Because the Fund owns Select Funds that invest in small companies, the Fund is subject to risks presented by investments in small companies. An investment in a smaller company may be more volatile and less liquid than an investment in a larger company. Small companies generally are more sensitive to adverse business and economic conditions than larger, more established companies. Small companies may have limited financial resources, management experience, markets and product diversification. Because the Fund owns Select Funds that invest in foreign issuers, the Fund is subject to risks presented by investments in such issuers. Securities of foreign issuers may be negatively affected by political events, economic conditions, or inefficient, illiquid or unregulated markets in foreign countries. Foreign issuers may be subject to inadequate regulatory or accounting standards, which may increase investment risk. Investment by a Select Fund in emerging markets involves even greater risks than investing in more developed foreign markets because, among other things, emerging markets often have more political and economic instability. Changes in currency exchange rates relative to the U.S. dollar may negatively affect the values of foreign investments held by the Select Funds in which the Fund invests. 16 GuideStone Funds Prospectus

19 Because the Fund indirectly pays a portion of the expenses incurred by the Select Funds and other investments in which it invests, in addition to paying its own expenses, the overall cost of investing in the Fund may be higher than investing in the individual Select Funds or other investments directly. Performance The following bar chart and table illustrate the risks of investing in the Fund. The bar chart provides some indication of the risks of investing in the Fund by showing changes in the Fund s performance from year to year and the annual total returns of the Fund s Investor Class shares. The table provides some indication of the risks of investing in the Fund by showing how the Fund s Investor Class returns, both before and after taxes, averaged over certain periods of time, compare to the performance of a composite index and four broad-based market indices during the same periods. The Composite Index shows how the Fund s performance compares with the returns of an index of securities similar to those in which the Fund invests. (The Composite Index corresponds to the Fund s percentage allocations to the underlying asset classes as represented by the Fund s target investment in the Select Funds.) The Bank of America Merrill Lynch 1-3 Year Treasury Index, Barclays U.S. Aggregate Bond Index, Russell 3000 Index and MSCI ACWI (All Country World Index) Ex-U.S. Index are provided to show how the Fund s performance compares with the returns of an index of securities that are closer to those in which the Fund invests. The Fund s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available on the Funds website at or by calling GS-FUNDS ( ). Investor Class Annual Total Return years ended 12/31 40% 20% 0% -20% -40% 5.29% (35.00)% 30.12% 15.32% 0.03% 13.90% 15.15% 3.88% Best Quarter: 18.37% 6/2009 Worst Quarter: (19.75)% 12/2008 Average Annual Total Returns as of 12/31/14 One Year Five Years Since Inception (12/29/2006) Investor Class before taxes 3.88% 9.46% 4.29% Investor Class after taxes on distributions (1) 2.38% 8.51% 3.36% Investor Class after taxes on distributions and sale of Fund shares (1) 2.97% 7.26% 3.11% Composite Index (reflects no deduction for fees, expenses or taxes) 4.91% 9.42% 4.67% Bank of America Merrill Lynch 1-3 Year Treasury Index (reflects no deduction for fees, expenses or taxes) 0.62% 1.06% 2.47% Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) 5.97% 4.45% 5.04% Russell 3000 Index (reflects no deduction for fees, expenses or taxes) 12.56% 15.63% 7.24% MSCI ACWI (All Country World Index) Ex-U.S. Index (reflects no deduction for fees, expenses or taxes) (3.87)% 4.43% 1.39% (1) After-tax returns are calculated using the highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown and are not relevant if you hold your shares through tax-deferred arrangements, such as 403(b) plans, 401(k) plans or individual retirement arrangements ( IRAs ). Management Investment Adviser and Portfolio Managers GuideStone Capital Management, LLC Ronald C. Dugan, Jr., CFA, CPA President Matt L. Peden, CFA Vice President and Chief Investment Officer Tim Bray, CFA, CAIA Senior Portfolio Manager Since August 2010 Since December 2006 Since April 2014 Purchase and Sale of Fund Shares, Tax Information and Payments to Broker-Dealers and Other Financial Intermediaries For important information about purchase and sale of Fund shares, tax information and financial intermediary compensation, please turn to Summary of Other Important Fund Information on page 130. GuideStone Funds Prospectus 17

20 GuideStone Funds MyDestination 2035 Fund Investor GMHZX Investment Objective The MyDestination 2035 Fund seeks the highest total return over time consistent with its asset mix. Total return includes capital appreciation and income. Fees and Expenses This table describes the fees and expenses that you may pay if you buy and hold shares of the MyDestination 2035 Fund. Annual Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Investor Class Management fee 0.10% Other expenses 0.30% Acquired Fund fees and expenses (1) 0.72% Total annual operating expenses 1.12% Fee waiver & expense reimbursement (2) (0.05)% Total annual operating expenses (after fee waiver & expense reimbursement) (3) 1.07% (1) The expense information in the table has been restated to reflect current Acquired Fund fees and expenses based on the Fund s revised target allocations. (2) The Adviser has agreed to waive fees and/or reimburse expenses to the extent needed to limit direct Fund operating expenses to 0.35% (excluding interest, taxes, brokerage commissions, extraordinary expenses, acquired Fund fees and expenses and expenses incurred in connection with the short sales of securities). This contractual waiver and reimbursement applies to direct Fund operating expenses only and, should it be needed, will remain in place until April 30, The Fee waiver & expense reimbursement may also include the waiver of shareholder service fees attributable to the Fund s investment in the Flexible Income Fund and/or the Global Natural Resources Equity Fund. If expenses fall below the levels noted above within three years after the Adviser has made such a waiver or reimbursement, the Fund may repay the Adviser so long as the repayment does not cause the Fund to exceed its expense limitation during the year in which the repayment is made and the expense limitation in place during the year in which the waivers were originally incurred. This contractual waiver and reimbursement can only be terminated by the Board of Trustees of GuideStone Funds. (3) The expense information in the table has been restated to reflect estimated amounts for the current fiscal year. Expense Example This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund s operating expenses remain the same. Finally, the example assumes that all dividends and other distributions are reinvested. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: Investor Class 1 Year $ Years $ Years $ Years $1,359 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or turns over its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the total annual Fund operating expenses or in the example, affect the Fund s performance. During the most recent fiscal year, the Fund s portfolio turnover rate was 5% of the average value of its portfolio. 18 GuideStone Funds Prospectus

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