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Covered Call / Cash Secured Put Liquid Alternatives

Secured Options Portfolio

Performance

Equities Ticker As of 01/20/22 As of 12/31/21 Inception Date Gross Expense Ratio Net Expense Ratio
Nav YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Secured Options (Institutional Class) GLSOX 13.16 -2.66% 18.43% 13.67% 8.28% 8.31% 9.76% 11/09/16 1 0.68% 0.68%
Secured Options (Advisor Class) GTSOX 13.00 -2.62% 18.11% 13.39% 8.06% 8.08% 9.50% 06/30/10 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.

The Secured Options Institutional Class commenced operation on November 9, 2016; therefore performance listed for the Institutional Class prior to the inception date (6/30/2010 through 11/08/2016) is based on the average total return for the Advisor Class. Performance listed for the period of 11/09/2016 through 3/31/2018 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.

Overview

The Glenmede Secured Options Strategy utilizes active options selection as it seeks to:

  • Dampen volatility
  • Generate option premium income
  • Balance upside participation with a downside cushion
  • Provide additional diversification to asset allocation with Volatility Risk Premium (VRP)*

We believe the combination of these characteristics has the potential to outperform the S&P 500 over the long term on a risk adjusted basis.

Active management approach Team seeks to identify and select the “better option”

Active Options Selection Focus on options, not an stock selection

Adaptable Process Incorporate market conditions into strategy investment decisions versus systematic rules

Asset class expertise Extensive experience navigating various market environments
Portfolio Managers average 23 years of Options investment experience

Size matters Designed to minimize the impact to alpha sources through all market cycles

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.

CBOE S&P 500 BUY Write Index – The CBOE S&P 500 Buy-Write Index is an index designed to track the performance of a hypothetical covered call strategy on the S&P 500 Index. The Index is unmanaged. The S&P 500 Index is a broad based unmanaged index of 500 stocks, which is widely recognized as representative of the equity market in general. One cannot invest directly in an index.

Mutual fund investing involves risk. Principal loss is possible.

The Fund invests in options which have the risks of unlimited losses of the underlying holdings due to unanticipated market movements and failure to correctly predict the direction of the securities prices, interest rates and currency exchange rates. This investment may not be suitable for all investors. 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 Glenmede Funds are distributed by Quasar Distributors, LLC.