Equities
Quantitative International Equity Portfolio
Performance
| Equities | Ticker | As of 01/27/23 | As of 12/31/22 | Inception Date | Gross Expense Ratio | Net Expense Ratio | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nav | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | |||||
| Quantitative International Equity Portfolio | GTCIX | 14.20 | 6.29% | -11.86% | 0.35% | -0.03% | 2.82% | 5.92% | 11/17/88 † | 1.19% | 1.01% |
Overview
GIM believes that a benchmark-agnostic portfolio of non-U.S. stocks, constructed with a disciplined blend of proprietary multi-factor models and downside risk screens, may achieve long-term performance.
The competitive advantage of our International equity strategy is derived from the following key attributes:
Quantitative discipline; fundamental insight Models based on intuitive fundamentals that drive performance
Proprietary, diversified models for each sector Unique multi-factor stock selection models for buying and selling
Downside risk screens Proprietary earnings surprise indicators, quality of earnings and stock price volatility
Benchmark-agnostic position weights Seeks to minimize single-stock risk; avoids bias toward expensive stocks
Discipline emphasizes high quality and valuation Focus on superior upside and downside capture
ESG integrated: Thoughtful application of material Environmental, Social, and Governance (ESG) criteria ESG factors, such as proprietary ESG momentum, are incorporated into stock selection models
Summary Investment Guidelines
- Universe: MSCI World ex US
- Benchmark: MSCI World ex US
- 70-120 holdings
- Initial position maximum: 1%
- Existing position maximum: 3% for any security
- Sector: +/–5% vs. MSCI World ex US
Portfolio Managers
Fund Materials
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 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.
*The Quantitative International Equity Portfolio has contractual management fee/expense waivers that continue through February 28, 2022. To the extent a Fund’s expenses were reduced by waivers, the Fund’s total returns were increased. In these cases, the Fund’s total returns would have been lower had there been no waivers. This is only applicable to the tabs with the Funds with the fee waiver.
Upside capture ratios for funds are calculated by taking the fund’s monthly return during months when the benchmark had a positive return and dividing it by the benchmark return during that same month.
Downside capture ratios are calculated by taking the fund’s monthly return during the periods of negative benchmark performance and dividing it by the benchmark return.
Effective as of February 28, 2020, the Portfolio’s benchmark changed from the MSCI EAFE Index to the MSCI World-ex US Index as the Advisor believes that, given the Portfolio’s investment strategy, the MSCI World-ex US Index provides a more appropriate basis for performance comparison because it has characteristics more similar to the Portfolio’s investment style than the MSCI EAFE Index.
The MSCI World ex US Index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the US. The MSCI World ex US Index consists of the following 22 developed market country indices: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the UK. One cannot invest directly in an index. Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
Mutual fund investing involves risk. Principal loss is possible.
The risks associated with foreign investments are heightened when investing in emerging markets. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The risks associated with foreign investments are heightened when investing in emerging markets. Previously known as the Glenmede International Portfolio, the name was changed on 02/28/2018 to the Quantitative International Equity Portfolio.
The Glenmede Funds are distributed by Quasar Distributors, LLC.