Covered Call / Cash Secured Put Liquid Alternatives
Secured Options 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|
|Secured Options (Institutional Class)||GLSOX||13.07||9.28%||-6.55%||12.75%||5.82%||6.25%||8.23%||11/09/16||0.65%||0.65%|
|Secured Options (Advisor Class)||GTSOX||12.87||9.16%||-6.71%||12.53%||5.61%||6.04%||7.99%||06/30/10||0.85%||0.85%|
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.
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
Sean E. Heron, CFA
Portfolio Manager, Derivatives
Chief Investment Officer, Portfolio Manager
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.
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.