Guidestone Investment Services

Item 5 – Fees and Compensation

You will pay fees directly to GSIS according to your Outsourced Chief Investment Officer
Agreement or Investment Consulting Agreement, as applicable. Typically, an account is charged
a quarterly fee based on the value of the assets within the account.

As discussed above in Item 4 – Advisory Business, GSIS may acquire or make recommendations
with respect to the acquisition of shares of a GuideStone Fund, regardless of whether a similar
investment is available, even if any such similar investment has a lower expense ratio than the
comparable GuideStone Fund. When you invest in a GuideStone Fund, you bear the fees and
expenses of the Fund, some of which, as described above and in the GuideStone Funds
prospectus, are paid to GuideStone and GSCM, an affiliate of GSIS. GuideStone Funds are no-
load funds.

GuideStone earns revenues indirectly from the advisory fees charged by GSIS and from the
management fees paid by GuideStone Funds to GSCM.

GSIS’s personnel therefore indirectly receive compensation that is funded, at least in part, by the
fees and expenses that you bear through the payment of advisory fees to GSIS and from your
investments in the GuideStone Funds. All personnel of GSIS receive compensation (in the form of
a salary and through the annual incentive plan, from their employer, GuideStone) that is based,
in part, on the overall performance of GSIS and GuideStone, including the performance of your
GSIS account relative to the Policy Benchmark in your Outsourced Chief Investment Officer
Agreement or Investment Consulting Agreement, as applicable. Some of GSIS’s personnel also
receive compensation (in the form of incentive compensation, from their employer, GuideStone)
based upon new assets assigned to GSIS for investment advisory services.

The practices discussed in this section present conflicts of interest and give GSIS’s personnel an
incentive to recommend investments based on the compensation the personnel may receive,
rather than on the needs of a client. GSIS has policies and procedures to address conflicts that
arise from these activities including the conflicts disclosed in this Brochure. GSIS and its affiliates
will not be paid any brokerage commissions or other transaction-related fees or charges in
connection with any fund share or other transactions undertaken to implement GSIS’s advice.
You also have the option to purchase investment products that GSIS recommends through other
brokers or agents that are not affiliated with GSIS.

Clients should note that investments in investment vehicles other than GuideStone Funds will be
subject to expenses and fees charged by the sponsor or manager of the vehicles. Clients will
also be subject to fees charged by third-party investment managers hired by GSIS on their
behalf. Such costs are in addition to advisory fees paid to GSIS for its advisory services. You will
also incur brokerage and other transaction costs. See Item 12 – Brokerage Practices below.

Item 7 – Types of Clients

GSIS only provides investment advisory services to the following types of clients:

   •   a charitable organization as defined in Section 3(c)(10)(D) of the Investment Company
       Act of 1940 (1940 Act);

   •   a fund that is excluded from the definition of an investment company under Section
       3(c)(10)(B) of the 1940 Act; or

    •   a trust or other donative instrument described in Section 3(c)(10)(B) of the 1940 Act, or
        the trustees, administrators, settlors (or potential settlors), or beneficiaries of any such
        trust or other instrument.

In addition, all clients of GSIS must be:

    •   an “accredited investor” as that term is defined in SEC Rule 501(a)(1)-(3), (7), and (8)
        promulgated under the Securities Act of 1933 (Securities Act);

    •   a “qualified institutional buyer” as that term is defined in SEC Rule 144A(a)(1) promulgated
        under the Securities Act, which generally means any of various institutional entities that
        in the aggregate own and invest on a discretionary basis at least $100,000,000 in
        securities of unaffiliated issuers;

    •   a corporation, partnership, trust, estate, or other entity (excluding individuals) having net
        worth of not less than $5,000,000, or a wholly owned subsidiary of such entity, or such
        other client that is not a natural person and that falls within the then-current categories
        of institutional investors described in Texas State Securities Board Rule 109.6(b); and/or

    •   a “qualified purchaser” within the meaning of section 3(c)(7) of the Investment Company
        Act and as such term is defined in section 2(a)(51) of the Investment Company Act.

Other qualifications not listed above may be required by private fund managers for participation
in certain investments.