Participants are prohibited from exchanging out of the Capital Preservation Fund or the BNY Mellon Stable Value Fund to a “competing fund” without first investing in a “non-competing fund” for a period of at least 90 days. A “competing fund” is any fund predominantly invested in fixed-income securities whose average duration is generally less than 3½ years.
The “competing funds” within the GuideStone Funds are comprised of the:
- Money Market Fund
- Low-Duration Bond Fund
- Conservative Allocation Fund
The definition of a “non-competing fund” is any fund option(s) other than those funds defined above as “competing funds.” Also, simultaneous exchanges are not allowed, meaning participants may not exchange from the fund to a “non-competing fund” and simultaneously exchange from a “non-competing fund” to a “competing fund.”