Long/Short Liquid Alternatives
Quantitative U.S. Total Market Equity Portfolio
Performance
| 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 | |||||
| Quantitative U.S. Total Market Equity Portfolio | GTTMX | 17.57 | 0.69% | -7.74% | 25.96% | 7.94% | 11.01% | 7.45% | 12/21/06 | 2.36% | 1.99% |
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.
Overview
GIM believes that a broad market portfolio of stocks, constructed with a disciplined blend of proprietary, multi-factor models and down-side risk screens, may achieve superior long-term performance. The Total Market invests in and shorts companies with an attractive or unattractive combination of valuation, fundamental, earnings and technical characteristics, respectively. The portfolio is based on proprietary, multi-factor buy and sell models used to rank stocks within each sector.
The competitive advantage of our Total Market portfolio 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 Minimizes 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 Total Market 130/30 team since inception Inception date of December 21, 2006
Summary Investment Guidelines
- Universe: Russell 3000 Index or other domestic public stocks with over $200 million in market capitalization
- Benchmark: Russell 3000 Index
- 60-140 long holdings/40-100 short holdings
- Existing position maximum: 2% for any security
- Sector: +/–3% vs. Russell 3000 Index
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 Quantitative U.S. Total Market Equity Portfolio has a contractual management fee/expense waivers that continue through February 29, 2024. 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.
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 Russell 3000 Index is an unmanaged, market value weighted index, which measures total return performance of the 3,000 companies that are largest in the market. One cannot invest directly in an index.
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.
The Fund may invest in 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. The Fund may borrow money from banks as permitted by the 1940 Act, which may require the fund to dispose of holdings at a disadvantageous time. 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 Total Market Portfolio, the name was changed on 02/28/2018 to the Quantitative U.S. Total Market Equity Portfolio.
The Glenmede Funds are distributed by Quasar Distributors, LLC.