Tax-Exempt Fixed Income
High Yield Municipal Portfolio*
|Equities||Ticker||As of 05/26/23||As of 3/31/23||Inception Date||Gross Expense Ratio||Net Expense Ratio|
|Nav||YTD||1 Year||3 Year||5 Year||10 Year||Since Inception|
|High Yield Municipal*||GHYMX||9.27||1.26%||-5.56%||0.24%||1.31%||N/A||2.11%||12/22/15||0.88%||0.88%|
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value will change so that an investor’s shares when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance of periods less than one year are cumulative and not annualized. Returns assume the deduction of fund expenses. Performance data current to the most Month- end can be obtained by calling 1-800-442-8299.
Year to Date (YTD) returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested.
Glenmede believes that a broadly diversified portfolio of high-yield municipal bonds, constructed with intensive credit analysis and risk monitoring, will achieve attractive long-term performance.
- Disciplined fundamental investment process with stringent risk controls
- High-yield municipal is benchmarked to the Blended Index (weighted 75% Bloomberg Muni High Yield 5% Tobacco 2% Issuer Cap Index and 25% Bloomberg Municipal Index).
- Seeks to buy attractively priced tax-exempt securities representing good long-term investment opportunities.
- Inception date of December 22, 2015
- Managed by Sub-Investment Advisor: AllianceBernstein
*Available through Glenmede Trust Company only
Before you invest in the Glenmede Funds please refer to the equity prospectus and/or bond prospectus and/or equity institutional class prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. You may also obtain a hard copy of the prospectus by calling 1-800-442-8299. The prospectus should be read carefully before you invest or send money. Related Literature and Disclosures
The Barclays US Municipal High Yield Index measures the non-investment grade and non-rated US dollar-denominated, fixed-rate, tax-exempt bond market within the 50 United States and four other qualifying regions (Washington DC, Puerto Rico, Guam and the Virgin Islands). The index allows state and local general obligation, revenue, insured, and pre-refunded bonds, however, historically the index has been comprised of mostly revenue bonds. The US Municipal High Yield Index is a stand-alone index with no crossover into other Barclays taxable indices, such as the US High Yield Index. The Barclays Muni High Yield 5% Tobacco 2% Issuer Cap Index is an issuer constrained sub index of the Barclays US Municipal High Yield Index that caps issuer exposure to 2% and tobacco stocks to 5%. One cannot invest directly in an index.
The High Yield Municipal Portfolio has contractual management fee/expense waivers that continue through February 28, 2022.
The Glenmede Funds are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of any Glenmede Fund in any jurisdiction where the offer of solicitation would be unlawful under the securities laws of such jurisdiction.
Mutual fund investing involves risk. Principal loss is possible. Diversification does not assure a profit, nor does it protect against a loss in a declining market.
Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund.
The Glenmede Funds are distributed by Quasar Distributors, LLC.