Long/Short Liquid Alternatives
Quantitative U.S. Long/Short Equity Portfolio
|Equities||Ticker||As of 10/04/22||As of 6/30/22||Inception Date||Gross Expense Ratio||Net Expense Ratio|
|Nav||YTD||1 Year||3 Year||5 Year||10 Year||Since Inception|
|Quantitative U.S. Long/Short (Institutional Class)||GTLSX||13.68||0.07%||2.84%||4.10%||0.89%||3.19%||1.47%||09/13/19 1||3.88%||3.52% *|
|Quantitative U.S. Long/Short (Advisor Class)||GTAPX||13.61||-0.07%||2.70%||3.91%||1.14%||3.76%||2.14%||09/29/06||2.88%||2.51% *|
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.
The Quantitative U.S. Long/Short Portfolio Institutional Class commenced operation on September 13, 2019; therefore, performance listed for the Institutional Class prior to the inception date (09/29/06 through 9/13/2019) is based on the average total return for the Advisor Class. Performance listed for the period of 9/13/2019 through 12/31/2019 is the average annual total return for the Institutional Class
Year to Date (YTD) returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested.
GIM believes that a well-diversified portfolio of long and short equity positions, constructed with a disciplined blend of proprietary multi-factor models and downside risk screens, may achieve attractive long-term performance.
The competitive advantage of Glenmede’s Long/Short Fund 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
Integrates top-down and bottom-up analysis Target +/– 2% of industry group weightings relative to benchmark
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
Continuity of senior Long/Short team since inception Inception date of September 29, 2006
Summary Investment Guidelines
- Universe: Russell 3000 Index with over $125 million in market capitalization
- Benchmark: Russell 3000 Index
- 60-140 long holdings/40-120 short holdings
- Existing position maximum: 2% for any security
- Sector: +/–3% of 30% of the Russell 3000 Index
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 U.S. Long/Short 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.
Beta: systematic risk of a portfolio; represents sensitivity to the benchmark.
Russell 3000 Index – Russell 3000 Index measures the performance of the largest U.S. companies based on total market capitalization, which represents approximately 98% of the investable U.S. assets. One cannot invest directly in an index.
Mutual fund investing involves risk. Principal loss is possible.
The Fund may invest in ADRs and foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fund regularly makes short sales of securities which involves risk that losses may exceed the original amount invested. An investment in this Fund entails substantial risk. The Fund may invest in IPOs and the market value of IPO shares could fluctuate considerably due to factors such as the absence of a public market, unseasoned trading, the small number of shares available for trading and limited information about the issuer. Previously known as the Glenmede Long/Short Portfolio, the name was changed on 02/28/2018 to the Quantitative U.S. Long/Short Equity Portfolio.
The Glenmede Funds are distributed by Quasar Distributors, LLC