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Small Cap Update

July 25, 2022

Strategy Outperforms Benchmark in Q2

The Glenmede Small Cap Equity Strategy outperformed the Russell 2000 Index for the quarter.  The outperformance was driven by the Health Care, Materials and Information Technology sectors. Although growth stocks have led the market for much of the last decade, value is making a significant comeback. Looking at the forward P/E, value stocks still appear more attractive than growth stocks.