3700 West Sam Houston Parkway South, Suite 250
Houston, Texas 77042
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Re:
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Steward Funds, Inc. (“Registrant”)
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File Nos. 002-28174; 811-01597
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| Steward Select Bond Fund (Prospectus Summary): | Steward Select Bond Fund | ||||||||||||||||||||||||
| Steward Select Bond Fund | ||||||||||||||||||||||||
STEWARD FUNDS Steward Large Cap Enhanced Index Fund Steward Small-Mid Cap Enhanced Index Fund Steward Global Equity Income Fund Steward International Enhanced Index Fund Steward Select Bond Fund (“Funds”)
Supplement dated November 19, 2012 To Prospectus and Statement of Additional Information dated August 28, 2012
The Funds’ prospectus dated August 28, 2012 is modified to reflect the following:
The Steward Funds’ Board of Directors has approved a change in the benchmark index to which the performance of Steward Select Bond Fund (“Fund”) will be compared in the Average Annual Total Returns table in the prospectus. The benchmark which has been used previously is Barclays Capital US Aggregate Intermediate Index. The new benchmark is Barclays Capital US Government/Credit Index. The Fund’s investment adviser recommended the change because the Barclays Capital US Government/Credit Index is a broader index with a wider range of maturities than the Barclays Capital US Aggregate Intermediate Index. It was felt that the broader index more appropriately reflected the range and type of Fund investments thereby providing shareholders with a better benchmark against which to evaluate the Fund’s relative performance.
Below is a revised Average Annual Total Returns table showing the performance of both indexes for periods ended December 31, 2011. The prospectus, when updated in August of 2013, will show the performance of both indexes until the prospectus is further updated for the fiscal year ending April 30, 2014.
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| AVERAGE ANNUAL TOTAL RETURNS For the periods ended December 31, 2011 | ||||||||||||||||||||||||
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| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Document Type | dei_DocumentType | Other |
| Document Period End Date | dei_DocumentPeriodEndDate | Nov. 19, 2012 |
| Registrant Name | dei_EntityRegistrantName | STEWARD FUNDS, INC. |
| Central Index Key | dei_EntityCentralIndexKey | 0000092500 |
| Amendment Flag | dei_AmendmentFlag | false |
| Document Creation Date | dei_DocumentCreationDate | Nov. 19, 2012 |
| Document Effective Date | dei_DocumentEffectiveDate | Nov. 19, 2012 |
| Prospectus Date | rr_ProspectusDate | Aug. 28, 2012 |
| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Prospectus Date | rr_ProspectusDate | Aug. 28, 2012 |
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Steward Select Bond Fund (Prospectus Summary): | Steward Select Bond Fund
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| Risk/Return: | rr_RiskReturnAbstract | |
| Risk/Return, Heading | rr_RiskReturnHeading | Steward Select Bond Fund |
| Supplement Text | ck0000092500_SupplementTextBlock |
STEWARD FUNDS Steward Large Cap Enhanced Index Fund Steward Small-Mid Cap Enhanced Index Fund Steward Global Equity Income Fund Steward International Enhanced Index Fund Steward Select Bond Fund (“Funds”)
Supplement dated November 19, 2012 To Prospectus and Statement of Additional Information dated August 28, 2012
The Funds’ prospectus dated August 28, 2012 is modified to reflect the following:
The Steward Funds’ Board of Directors has approved a change in the benchmark index to which the performance of Steward Select Bond Fund (“Fund”) will be compared in the Average Annual Total Returns table in the prospectus. The benchmark which has been used previously is Barclays Capital US Aggregate Intermediate Index. The new benchmark is Barclays Capital US Government/Credit Index. The Fund’s investment adviser recommended the change because the Barclays Capital US Government/Credit Index is a broader index with a wider range of maturities than the Barclays Capital US Aggregate Intermediate Index. It was felt that the broader index more appropriately reflected the range and type of Fund investments thereby providing shareholders with a better benchmark against which to evaluate the Fund’s relative performance.
Below is a revised Average Annual Total Returns table showing the performance of both indexes for periods ended December 31, 2011. The prospectus, when updated in August of 2013, will show the performance of both indexes until the prospectus is further updated for the fiscal year ending April 30, 2014.
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| Average Annual Returns, Caption | rr_AverageAnnualReturnCaption | AVERAGE ANNUAL TOTAL RETURNS For the periods ended December 31, 2011 |
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Steward Select Bond Fund | Institutional Class
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| Risk/Return: | rr_RiskReturnAbstract | |
| Trading Symbol | dei_TradingSymbol | SEACX |
| Average Annual Returns, Label | rr_AverageAnnualReturnLabel | Return Before Taxes |
| Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 3.25% |
| Average Annual Returns, 5 Years | rr_AverageAnnualReturnYear05 | 4.68% |
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Steward Select Bond Fund | Institutional Class | After Taxes on Distributions
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| Risk/Return: | rr_RiskReturnAbstract | |
| Average Annual Returns, Label | rr_AverageAnnualReturnLabel | Return After Taxes on Distributions |
| Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 2.18% |
| Average Annual Returns, 5 Years | rr_AverageAnnualReturnYear05 | 3.29% |
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Steward Select Bond Fund | Institutional Class | After Taxes on Distributions and Sales
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| Risk/Return: | rr_RiskReturnAbstract | |
| Average Annual Returns, Label | rr_AverageAnnualReturnLabel | Return After Taxes on Distributions and Sale of Fund Shares |
| Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 2.11% |
| Average Annual Returns, 5 Years | rr_AverageAnnualReturnYear05 | 3.19% |
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Steward Select Bond Fund | Individual Class
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| Risk/Return: | rr_RiskReturnAbstract | |
| Trading Symbol | dei_TradingSymbol | SEAKX |
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Steward Select Bond Fund | Barclays Capital Intermediate US Aggregate Index (reflects no deduction for fees, expenses or taxes)
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| Risk/Return: | rr_RiskReturnAbstract | |
| Average Annual Returns, Label | rr_AverageAnnualReturnLabel | Barclays Capital Intermediate US Aggregate Index (reflects no deduction for fees, expenses or taxes) |
| Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 5.97% |
| Average Annual Returns, 5 Years | rr_AverageAnnualReturnYear05 | 6.09% |
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Steward Select Bond Fund | Barclays Capital US Government/Credit Index (reflects no deduction for fees, expenses or taxes)
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| Risk/Return: | rr_RiskReturnAbstract | |
| Average Annual Returns, Label | rr_AverageAnnualReturnLabel | Barclays Capital US Government/Credit Index (reflects no deduction for fees, expenses or taxes) |
| Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 8.74% |
| Average Annual Returns, 5 Years | rr_AverageAnnualReturnYear05 | 6.55% |