Small Cap Equity

Investment Objective

Long-term capital appreciation consistent with reasonable risk to principal.

The team seeks to create an actively managed portfolio invested in undervalued, higher-quality stocks, with company specific catalysts seeking to outperform the benchmark over a full market cycle.

For information on the mutual fund, click here.

New Reign of Small Caps

Market conditions point to a brighter future for smaller companies. Nevertheless, Small Cap Portfolio Manager Jordan Irving warns a rising small cap tide will not lift every stock. This is the value of active management.

For information on the mutual fund, click here.

Key Tenets of Our Approach

Key 1

Active management seeks to add value within inefficient asset classes

Key 2

We believe positive earnings are an important measure of corporate quality

Key 3

A non-benchmark centric approach results in high active share

Key 4

Independent fundamental research leveraging multi-factor screens

Key 5

Long term investment horizon supported by a consistent, repeatable process

Universe

All securities in the Russell 2000 plus any additional stocks with a capitalization less than $5 billion with a minimum of 3 sell side estimates

Benchmark

Russell 2000 Index

Operating Target

Typically 85-100 holdings
Initial target weightings up to 2%
All sectors represented

Constraints

Sector weights: +/–50% of benchmark
(except sectors <7% of Index, which can range from nominal to 10%)
Maximum position size: 3%
Maximum cash position: 3%

Vehicles

Separately Managed Account
Mutual Fund

Featured Content

August 11, 2025

Market Snapshot: Small Caps—If Not Now, When?

After eight consecutive years of underperformance relative to their large cap peers, some investors are questioning the utility of U.S. small cap equities for a diversified portfolio. …

The Russell 2000 Index is an unmanaged, market value weighted index, which measures performance of the 2,000 companies that are between the 1,000th and 3,000th largest in the market.

One cannot invest directly in an index.

This website is for informational purposes only. GIM products are actively managed and their characteristics will vary. All investment has risk, including the risk of loss of principal. There can be no assurance that efforts to manage risk or to achieve any articulated investment objective will be successful. An investor should consider investment objectives, risks, charges and expenses carefully before investing. For additional information regarding risks and about the firm, please refer to Related Literature and Disclosures

Fact Sheet

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Commentary

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For information on the mutual fund, click here

Fact Sheet

Commentary

The Russell 2000 Index is an unmanaged, market value weighted index, which measures performance of the 2,000 companies that are between the 1,000th and 3,000th largest in the market.

One cannot invest directly in an index.

As of 4/30/25

QTD

YTD

1 Year

3 Year

5 Year

10 Year

Since Inception

Inception Date

Small Cap Equity (gross)

-5.30 %

-15.09 %

-5.88 %

2.28 %

14.84 %

7.52 %

10.59 %

3/31/1991

Small Cap Equity (net)

-5.38 %

-15.38 %

-6.82 %

1.27 %

13.71 %

6.46 %

9.72 %

3/31/1991

Russell 2000 Index

-2.31 %

-11.57 %

0.87 %

3.27 %

9.88 %

6.32 %

8.92 %

3/31/1991

Small Cap Equity (gross)

As of 4/30/25

QTD

-5.30 %

YTD

-15.09 %

1 Year

-5.88 %

3 Year

2.28 %

5 Year

14.84 %

10 Year

7.52 %

Since Inception

10.59 %

Inception Date

3/31/1991

Small Cap Equity (net)

As of 4/30/25

QTD

-5.38 %

YTD

-15.38 %

1 Year

-6.82 %

3 Year

1.27 %

5 Year

13.71 %

10 Year

6.46 %

Since Inception

9.72 %

Inception Date

3/31/1991

Russell 2000 Index

As of 4/30/25

QTD

-2.31 %

YTD

-11.57 %

1 Year

0.87 %

3 Year

3.27 %

5 Year

9.88 %

10 Year

6.32 %

Since Inception

8.92 %

Inception Date

3/31/1991

For information on mutual fund performance, click here.

The Russell 2000 Index is an unmanaged, market value weighted index, which measures performance of the 2,000 companies that are between the 1,000th and 3,000th largest in the market.

One cannot invest directly in an index.

Glenmede Investment Management, LP claims compliance with the Global Investment Performance Standards (GIPS®).

GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

Glenmede Investment Management, LP, a registered Investment Advisor, is an affiliate of the Glenmede Trust Company, NA (GTC). The “Firm” is defined as all investment advisory accounts managed by Glenmede Investment Management LP. Effective January 1, 2007, the Investment Product Management Group of GTC became Glenmede Investment Management, LP. All performance prior to January 1, 2007, shown here as the performance of GIM, was previously reported as the performance of the Investment Product Management Group of the Glenmede Trust Company.

All of the composites’ valuations and returns are computed and stated in U.S. Dollars. Net numbers are net of max allowable management fee for this strategy. Additional information regarding the Company’s policies for valuing portfolios, calculating performance and preparing compliant presentations, is available upon request. A GIPS® compliant presentation, as well as a complete list of firm composites and performance, can be requested from GIM Client Service at 215.419.6662. Please see the GIPS® presentation for further explanation.