II. CHANGE TO THE COMPLIANCE AND RISK COMMITTEE
Effective as of January 1, 2024, Jill R. Rayburn is appointed to the Compliance and Risk Committee of the Board of Directors of GuideStone Funds (“CRC”).
Under the heading "The Board's Committees," on page 63, the paragraph entitled Compliance and Risk Committee is deleted in its
entirety and replaced with the following:
Compliance and Risk
Committee. The Board has a Compliance and Risk Committee comprised of Dr. Rayburn, Ms.
Mankins and Messrs. Caldwell and Evans, all of whom are Independent Directors. Pursuant to its charter, the Compliance and Risk Committee has the responsibility, among
other things, to (1) oversee generally the management of the Trust’s operational, information security, compliance, regulatory, strategic, reputational and other risks; (2) oversee generally matters relating to the Trust’s compliance controls and related policies and procedures; and (3) act as a liaison between the CCO of the Trust and the full Board when necessary and
appropriate. The Compliance and Risk Committee was established in February 2015. During the fiscal year ended December 31, 2022, there were four meetings of the Compliance and Risk Committee.
III. SUB-ADVISER CHANGE OF CONTROL FOR THE
STRATEGIC ALTERNATIVES FUND
On July 11, 2023, Resolute Investment Holdings, LLC
(“RIH”), Resolute Investment Managers, Inc. (“Resolute”) (RIH’s indirect wholly owned subsidiary and majority owner of SSI Investment
Management LLC (“SSI”)) and certain of their affiliates, and the current owners of approximately 93% of RIH, entered into a transaction agreement (the “Transaction”) with certain creditors of Resolute. Upon close of the Transaction on December 29, 2023, SSI became indirectly majority-owned by the new ownership group, as shown in the
following disclosure. SSI will continue to operate independently and there will not be any change to the nature, extent or quality of the sub-advisory services that SSI provides to the Strategic Alternatives Fund.
In the section entitled Control Persons of Sub-Advisers,
the disclosure pertaining to SSI for the Strategic Alternatives Fund, on page 73, is deleted in its entirety and replaced with the following:
SSI Investment Management LLC (“SSI”), 2121 Avenue of the
Stars, Suite 2050, Los Angeles, California 90067: SSI, a Delaware limited liability
company, is owned approximately 57% by Resolute Investment Managers Inc. (“Resolute”), a diversified, multi-affiliate asset management platform, and
approximately 1.4% by SSI officers, with approximately 41.6% owned by Team SSI LLC, an entity controlled by SSI officers. Resolute is an indirect wholly owned subsidiary of Resolute Topco, Inc., which is owned by various institutional investment funds each owning less than 25%. George M. Douglas, CFA, Chief Investment Officer and Managing Principal of SSI, is a
material indirect owner of SSI through Team SSI LLC.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE