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Large Cap Growth Update

July 28, 2021

Strategy Underperforms But Remains Well-Positioned

The Glenmede Quantitative Large Cap Growth Strategy underperformed the Russell 1000 Index by about -3.2% in Q2. Portfolio Manager Val de Vassal discusses the strategy’s stock selection outperformance in the Materials sector and the negative relative contributions from stock selection in Information Technology and Health Care. We believe this diversified strategy is well positioned with its multifactor approach favoring stocks with cheaper valuations, stronger fundamentals, positive earnings/revenue estimate trends and attractive technicals.