497 1 d157241d497.htm STEWARD FUNDS, INC. Steward Funds, Inc.

STEWARD FUNDS, INC.

on behalf of its series

Steward Covered Call Income Fund

Steward Global Equity Income Fund

Steward International Enhanced Index Fund

Steward Large Cap Enhanced Index Fund

Steward Select Bond Fund

Steward Small-Mid Cap Enhanced Index Fund

(the “Funds”)

Supplement dated March 15, 2021 to the Currently Effective Prospectus and Statement of Additional Information dated August 31, 2020

This Supplement reports the following changes to information in the Funds’ Prospectus and Statement of Additional Information dated August 31, 2020.

 

  A.

Effective immediately, Ryan Caylor is added as a co-portfolio manager for Steward Covered Call Income Fund and Steward Global Equity Income Fund, and Brent Lium is added as a co-portfolio manager for Steward Global Equity Income Fund. Mr. Caylor is a Portfolio Manager and Head of Research of Crossmark Global Investments, Inc. (“Crossmark”), the Funds’ investment adviser. Mr. Lium is Managing Director – Head of Equity Investments of Crossmark.

Paul Townsen, Managing Director of Crossmark, continues to serve as a co-portfolio manager for Steward Covered Call Income Fund, and John Wolf, Managing Director of Crossmark, continues to serve as a co-portfolio manager for Steward Global Equity Income Fund. Day-to-day management of Steward Covered Call Income Fund is carried out by Messrs. Townsen and Caylor and day-to-day management of Steward Global Equity Income Fund is carried out by Messrs. Wolf, Lium and Caylor.

 

  B.

Effective immediately, the following is added to the existing similar disclosure contained in the “Portfolio Managers” section of the Statement of Additional Information:

 

Fund

 

  

Portfolio Managers

 

  

Dollar Range of Equity Securities in Fund
Beneficially Owned1

 

Steward Covered Call Income Fund

  

Ryan Caylor

 

   $1-$10,000

 

Steward Global Equity Income Fund

  

Ryan Caylor

 

   $1-$10,000

 

    

Brent Lium

 

   $0

 

1 Information provided as of December 31, 2020.

 

  C.

Effective immediately, the following replaces existing similar disclosure contained in the “Portfolio Managers” section of the Statement of Additional Information:

 

Portfolio Manager

 

Number of
Registered
Investment
Companies

 

Assets under
Management

 

Number of Private

Accounts

 

Assets under

Management

 

Total Assets

 

Brent Lium1

4

 

$1,173,581,033

 

946

 

$2,381,544,340

 

$3,555,125,373

 

Ryan Caylor1

5

 

$,1,206,085,947

 

79

 

$649,375,361

 

$1,855,461,308

 

1 Information provided as of December 31, 2020.


  D.

Effective immediately, the following replaces existing similar disclosure contained in the “Directors and Executive Officers” section of the Statement of Additional Information:

 

Name, Address, Age

 

  

Positions Held

with Fund

 

  

Term of Office1 and

Length of Time

Served

 

 

Principal Occupation(s) During Past 5

Years

 

  

Other
Directorships/
Trusteeships Held

by Officer During

the Past 5 Years

 

Executive Officers

 

                      

Michael L. Kern, III, CFA

15375 Memorial Drive,

Suite 200

Houston, TX 77079

Birth Year: 1973

  

President and

Treasurer

   Since 2016  

President, CEO and Treasurer, Crossmark Global Holdings, Inc. (May 2015 - Present); President, CEO and Treasurer, Crossmark Global Investments, Inc. and Crossmark Distributors, Inc. (2016 - Present); Chief Compliance Officer, Crossmark Distributors, Inc. (August 1, 2017 - December 11, 2017 ); Secretary, Crossmark Global Investments, Inc. and Crossmark Distributors, Inc. (2016 - 2018)

 

   Stratford Cambridge Group Investments – Advisory Board (2011 - 2017); Foundation Capital Resources (2015 - Present)

John R. Wolf

15375 Memorial Drive,

Suite 200

Houston, TX 77079

Birth Year: 1961

  

Executive Vice

President

   Since 2004  

Managing Director, Crossmark Global Investments, Inc. (2019 - Present); Managing Director – Equity Investments, Crossmark Global Investments, Inc. (1996 - 2019)

 

   N/A

Brent Lium, CFA

15375 Memorial Drive,

Suite 200

Houston, TX 77079

Birth Year: 1969

  

Executive Vice

President

   Since 2019  

Managing Director – Head of Equity Investments, Crossmark Global Investments, Inc. (February 2021 - Present); Managing Director, Crossmark Global Investments, Inc. (2019 - February 2021); Portfolio Manager, Invesco Ltd. (2001 - 2019)

 

   N/A

Victoria Fernandez, CFA

15375 Memorial Drive,

Suite 200

Houston, TX 77079

Birth Year: 1973

  

Executive Vice

President

   Since 2014  

Chief Market Strategist, Crossmark Global Investments, Inc. (2018 - Present); Managing Director – Fixed Income Investments, Crossmark Global Investments, Inc. (2012 - 2018)

 

   N/A

Paul Townsen

15375 Memorial Drive,

Suite 200

Houston, TX 77079

Birth Year: 1971

 

  

Executive Vice

President

   Since 2017  

Managing Director, Crossmark Global Investments, Inc. (2017 - Present); Senior Vice President, Crossmark Global Investments, Inc. (2015 - 2017)

 

   N/A

Ryan Caylor, CFA

15375 Memorial Drive,

Suite 200

Houston, TX 77079

Birth Year: 1988

  

Executive Vice

President

   Since 2020  

Portfolio Manager, Crossmark Global Investments, Inc. (2020 - Present); Head of Research, Crossmark Global Investments, Inc. (2019 - Present); Senior Research Analyst, Crossmark Global Investments, Inc. (2016 - 2019); Associate, Tudor, Pickering, Holt & Co. (2013 - 2016)

 

   N/A


Charles Sylvester

15375 Memorial Drive,

Suite 200

Houston, TX 77079

Birth Year: 1964

  

Executive Vice

President

   Since 2020  

Managing Director – Head of Sales & Distribution, Crossmark Global Investments, Inc. (October 2019 - Present); Senior Vice President, Crossmark Global Investments, Inc. (June 2019 - September 2019); Senior Vice President, Invesco Ltd. (April 2000 - May 2019)

 

   N/A

Patrick N. Garboden

15375 Memorial Drive,

Suite 200

Houston, TX 77079

Birth Year: 1957

  

Executive Vice

President and

Liquidity Risk Management

Program

Administrator

   Since 2018  

Senior Portfolio Manager, Crossmark Global Investments, Inc. (October 2008 - Present)

 

   N/A

Jim A. Coppedge

15375 Memorial Drive,

Suite 200

Houston, TX 77079

Birth Year: 1968

  

Executive Vice

President, Chief Compliance

Officer,

Secretary and

Assistant Treasurer

   Since 2017  

General Counsel and Chief Compliance Officer, Crossmark Global Investments, Inc. (2017 - Present); General Counsel and Chief Compliance Officer, Crossmark Distributors, Inc. (December 11, 2017 - Present); Secretary, Crossmark Global Investments, Inc. and Crossmark Global Distributors, Inc. (2018 - Present)

 

   N/A

Jessica Gunter

15375 Memorial Drive,

Suite 200

Houston, TX 77079

Birth Year: 1987

  

Assistant

Secretary and

Assistant

Treasurer

   Since 2020  

Senior Compliance Officer and Associate General Counsel, Crossmark Global Investments, Inc. (2020 - Present); Teacher, St. Laurence Catholic School (2015 - 2020)

 

   N/A

Patricia Mims

15375 Memorial Drive,

Suite 200

Houston, TX 77079

Birth Year: 1960

  

Assistant

Treasurer

   Since 2021  

Financial Operations Principal, Crossmark Distributors, Inc. (2018 - Present); Senior Compliance Officer, Crossmark Global Investments, Inc. (October 2018 - 2020); Assistant Secretary, Crossmark Global Investments, Inc. and Crossmark Distributors, Inc. (2018 - 2020); Senior Compliance Associate, Crossmark Global Investments, Inc. (April 2013 - October 2018)

 

   N/A

 

  1

Steward Funds, Inc. officers are elected by the Board annually and hold office until the next annual Board meeting at which officers are elected and until his or her successor is elected and qualified.

Please retain this Supplement for future reference.