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SMID Cap Equity

small cap/smid cap
SMID 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.

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

  • Securities held in the Glenmede Small Cap and Glenmede Mid Cap Equity strategies that rank in the top quintile of their respective screens.

Operating Target

  • Typically 20-30 holdings
  • Initial target weightings up to 4%

Benchmark

  • Russell 2500 Index

Constraints

  • Typical position size: 4%
  • Maximum position size: 6%
  • Maximum cash position: 1%
  • Sector weights: Relatively sector neutral when using 4% positions

Vehicles

The Russell 2500 is a market-cap-weighted Index that includes the smallest 2,500 companies covered in the broad-based Russell 3000 sphere of United States-based listed equities. All 2,500 of the companies included in the Index cover the small- and mid-cap market capitalizations. This unmanaged Index is a total return index with dividends reinvested.  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.

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Fact Sheet

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Commentaries

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For information on the mutual fund, click here.
Fact Sheet
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Commentaries
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This website is for informational purposes only and is not a solicitation for any product or service. 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.

As of 6/30/26
QTD
YTD
1 Year
3 Year
5 Year
10 Year
Since Inception
Inception Date
SMID Cap Equity (Gross)
11.08 %
3.79 %
6.19 %
10.25 %
#N/A
#N/A
6.31 %
12/31/2021
SMID Cap Equity (Net)
10.89 %
3.35 %
5.22 %
9.19 %
#N/A
#N/A
5.27 %
Russell 2500 Index
20.26 %
22.71 %
36.72 %
18.40 %
8.30 %
12.25 %
9.01 %
SMID Cap Equity (Gross)
As of 6/30/26
QTD
11.08 %
YTD
3.79 %
1 Year
6.19 %
3 Year
10.25 %
5 Year
#N/A
10 Year
#N/A
Since Inception
6.31 %
Inception Date
12/31/2021
SMID Cap Equity (Net)
As of 6/30/26
QTD
10.89 %
YTD
3.35 %
1 Year
5.22 %
3 Year
9.19 %
5 Year
#N/A
10 Year
#N/A
Since Inception
5.27 %
Inception Date
Russell 2500 Index
As of 6/30/26
QTD
20.26 %
YTD
22.71 %
1 Year
36.72 %
3 Year
18.40 %
5 Year
8.30 %
10 Year
12.25 %
Since Inception
9.01 %
Inception Date
For mutual fund performance, click here.

The Russell 2500 is a market-cap-weighted Index that includes the smallest 2,500 companies covered in the broad-based Russell 3000 sphere of United States-based listed equities. All 2,500 of the companies included in the Index cover the small- and mid-cap market capitalizations. This unmanaged Index is a total return index with dividends reinvested.  One cannot invest directly in an index.

Performance quoted is past performance and is not a guarantee of future results. Products have fees that reduce their performance, indexes do not.

Investors 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.

This website is for informational purposes only and is not a solicitation for any product or service. 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.

Characteristics
SMID Cap Equity
Number of Holdings 25
Active Share 98.2
Wtd Avg. Mkt Cap ($B) 12.2
P/E 14.3
P/B 2.2
ROE 11.6
EPS Growth (5 yr) 7.9
  • Number of Holdings
    3.47 25
  • Active Share
    3.47 98.2
  • Wtd Avg. Mkt Cap ($B)
    3.47 12.2
  • P/E
    3.47 14.3
  • P/B
    3.47 2.2
  • ROE
    3.47 11.6
  • EPS Growth (5 yr)
    3.47 7.9
Top Ten Holdings (%)
MGM Resorts International 5.01
World Kinect Corporation 4.90
InvenTrust Properties Corp 4.79
Minerals Technologies Inc. 4.65
Owens Corning 4.63
Catalyst Pharmaceuticals, Inc. 4.57
YETI Holdings, Inc. 4.31
Truist Financial Corporation 4.28
EnerSys 4.09
Henry Schein, Inc. 4.06
Total 45.31
Sector Diversification (%)
Communication Services 3.47
Consumer Discretionary 12.54
Consumer Staples 3.11
Energy 4.90
Financials 15.10
Health Care 12.61
Industrials 19.89
Information Technology 14.35
Materials 4.65
Real Estate 4.79
Utilities 3.71
Cash 0.88
  • Consumer Discretionary
    3.47 12.54
  • Consumer Staples
    3.47 3.11
  • Energy
    3.47 4.90
  • Financials
    3.47 15.10
  • Health Care
    3.47 12.61
  • Industrials
    3.47 19.89
  • Information Technology
    3.47 14.35
  • Materials
    3.47 4.65
  • Real Estate
    3.47 4.79
  • Utilities
    3.47 3.71
  • Cash
    3.47 0.88

Data as of 6/30/2026. Portfolio characteristics and holdings are subject to change and are provided for informational purposes only. Holdings are not recommendations to buy or sell securities. See Important Disclosures and Definitions.

See Important Disclosures and Definitions.

Source: FactSet and Glenmede calculations, unless otherwise indicated.

The Russell 2500 is a market-cap-weighted Index that includes the smallest 2,500 companies covered in the broad-based Russell 3000 sphere of United States-based listed equities. All 2,500 of the companies included in the Index cover the small- and mid-cap market capitalizations. This unmanaged Index is a total return index with dividends reinvested. One cannot invest directly in an index.

Portfolio holdings are subject to change and may not be representative of current or future investments. Past holdings are not indicative of future results.

Portfolio characteristics, including valuation metrics (P/E, P/B), return measures (ROE), growth rates, and Active Share, are based on third-party data and internal calculations and are subject to change. These metrics are not indicative of future performance.

Active Share: measures the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index. It does not predict performance. Weighted Average Market Cap: total value of all outstanding shares weighted to reflect the portfolio’s positions. Price to Earnings (P/E): ratio of stock price to earnings. Price to Book (P/B): ratio of stock price to per share shareholders’ equity. Return on Equity (ROE): net income divided by equity. 3-Year EPS Growth: reflects annualized trailing three-year historical earnings growth. EPS Growth is not a forecast of future performance

This material is provided for informational purposes only and does not constitute investment advice or a recommendation to invest in any strategy or security.