Ticker
SEACXDay price | Change
02/04/2025Class
Institutional
OVERVIEW
The Steward Select Bond Fund invests primarily in fixed-income securities, including, but not limited to, corporate bonds, mortgage-backed securities and government and agency bonds and notes, subject to the limitations of the fund’s values-based screening policies. The fund’s investments may include U.S. dollar-denominated instruments issued in the U.S. by foreign banks and branches and foreign corporations. Other security types may include fixed-rate preferred stock and municipal bonds. Normally, the fund will invest at least 80% (measured at the time of investment) of the value of its net assets, plus the amount of any borrowings for investment purposes, either directly or through other investment companies, in these types of instruments. (Any such other investment company will also have a policy to invest at least 80% of the value of its net assets, plus the amount of any borrowings for investment purposes, in such instruments.) The fund will give shareholders at least 60 days’ notice of any changes in this policy.
Snapshot
- Morningstar category
- US Intermediate Core Bond
- Inception date
- 10/1/2004
- Prospectus dated
- 8/28/24
- Prospectus expense ratio
- 0.73%
- Total AUM - All classes
- $205,144,031
- # of holdings
- 154
- Benchmark
- Bloomberg U.S. Government/Credit Bond Index
Performance (%)
| Performance (%) | Quarter | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Inception |
|---|---|---|---|---|---|---|---|
| Steward Select Bond Fund | -2.44 | 1.50 | 1.50 | -1.78 | -0.51 | 0.92 | 2.11 |
| Bloomberg U.S. Government/Credit | -3.08 | 1.18 | 1.18 | -2.59 | -0.21 | 1.50 | 3.10 |
| Calendar Year Performance (%) | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Steward Select Bond Fund | 1.50 | 5.54 | -11.55 | -2.00 | 4.98 | 6.96 | -0.12 | 2.23 | 1.99 |
| Bloomberg U.S. Government/Credit | 1.18 | 5.72 | -13.58 | -1.75 | 8.93 | 9.71 | -0.42 | 4.00 | 3.05 |
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The fund’s current performance may be lower or higher than quoted. Before investing in a mutual fund, you should read the fund’s prospectus carefully and consider the fund’s investment objectives, risks, charges, and expenses. The prospectus contains this and other information about the fund. To obtain fund performance as of the most recent month-end or to obtain a copy of the Steward Funds’ prospectus free of charge, call Crossmark Distributors at 888.845.6910.
Index returns shown assume the reinvestment of all dividends and distributions.
Annual Fund Operating Expenses
Institutional
- Management fees
- 0.32%
- Other expenses
- 0.41%
- Total annual fund operating expenses
- 0.73%
Portfolio Managers
VICTORIA L. FERNANDEZ, CFA
Resources
The Steward Funds are distributed by Crossmark Distributors, Inc., member FINRA. Crossmark Distributors is an affiliate of Crossmark Global Investments, Inc., the Steward Funds’ investment adviser. Crossmark Global Investments is an investment adviser registered with the Securities and Exchange Commission that provides discretionary investment management services to mutual funds, institutions, and individual clients.
The fund may not achieve its objective if the managers’ expectations regarding particular securities or markets are not met.
Fixed income investments generally involve three principal risks—interest rate risk, credit risk, and liquidity risk. Prices of fixed-income securities rise and fall in response to interest rate changes (interest rate risk). Generally, when interest rates rise, prices of fixed-income securities fall. The longer the duration of the security, the more sensitive the security is to this risk. There is also a risk that the issuer of a note or bond will be unable to pay agreed interest payments and may be unable to repay the principal upon maturity (credit risk). Lower-rated bonds, and bonds with longer final maturities, generally have higher credit risks. As interest rates rise and/or the credit risk associated with a particular issuer changes, bonds held within a portfolio may become difficult to liquidate without realizing a loss (liquidity risk).
The fund’s values-based screening policies exclude certain securities issuers from the universe of otherwise available investments. As a result, the fund may not achieve the same level of performance as it otherwise would have in the absence of the screening process. If the fund has invested in a company that is later discovered to be in violation of one or more screening criteria and liquidation of an investment in that company is required, selling the securities at issue could result in a loss to the fund. Further, the fund’s values-based screening policies may prevent the fund from participating in an otherwise suitable investment opportunity.
For comparison purposes, the fund is compared against the Bloomberg U.S. Government/Credit Bond Index. The Bloomberg U.S. Government/Credit Bond Index measures the performance of investment grade corporate debt and agency bonds that are dollar denominated and have a remaining maturity of greater than one year. Please note that indexes do not take into account any fees and expenses of investing in the individual securities that they track, and investors cannot invest directly in any index.