Performance
| As of 3/31/23 | Inception Date | |||||||
|---|---|---|---|---|---|---|---|---|
| QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | ||
| Glenmede Small Cap Equity (Gross) | 4.3% | 4.3% | -5.9% | 30.1% | 8.4% | 10.7% | 11.1% | 03/31/1991 |
| Glenmede Small Cap Equity (Net) | 4.1% | 4.1% | -6.8% | 28.8% | 7.3% | 9.6% | 10.3% | |
| Russell 2000 | 2.7% | 2.7% | -11.6% | 17.5% | 4.7% | 8.0% | 9.1% | |
Calendar Year Returns
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Glenmede Gross | -9.8% | 30.0% | 16.8% | 22.2% | -15.1% | 16.8% | 19.2% | -2.1% | 4% | 49.2% | 17.8% | 1% | 28.5% | 32.4% | -36% | 5.4% | 16.8% | 5.5% | 22.4% | 35.8% |
| Glenmede Net | -10.7% | 28.8% | 15.6% | 21% | -15.9% | 15.6% | 18% | -3% | 3% | 47.8% | 16.6% | 0% | 27.3% | 31.1% | -36.7% | 4.5% | 15.8% | 4.5% | 21.3% | 34.6% |
| Russell 2000 | -20.4% | 14.8% | 20.0% | 25.5% | -11% | 14.6% | 21.3% | -4.4% | 4.9% | 38.8% | 16.4% | -4.2% | 26.9% | 27.2% | -33.8% | -1.6% | 18.4% | 4.6% | 18.3% | 47.3% |
| Gross +/- | 10.6% | 15.2% | -3.2% | -3.3% | -4.1% | 2.2% | -2.1% | 2.3% | -0.9% | 10.4% | 1.4% | 5.2% | 1.6% | 5.2% | 2.2% | 7% | -1.6% | 0.9% | 4.1% | -11.5% |
Performance quoted is past performance and is not a guarantee of future results. Products have fees that reduce their performance, indexes do not. You cannot invest directly in an index. For further information see the Fact Sheet below.
Overview
The GIM Small Cap strategy believes that investor biases often lead to disconnects between a company’s intrinsic value and its current price. An actively managed portfolio invested in undervalued, higher-quality stocks, with company specific catalysts may outperform the market over a full market cycle.
Strategy leverages both quantitative and fundamental elements Multi-factor quantitative screen narrows universe, allows for comprehensive fundamental research
Focus on companies with a demonstrated track record of positive earnings Positive earnings is an important measure of corporate quality
Independent decision-making Nimble investment team able to execute efficiently and opportunistically
Consistent repeatable process Long term focus encourages thoughtful decision making while seeking to mitigate risk
Summary Investment Guidelines
- Universe: All securities in the Russell 2500 plus any additional stocks with a capitalization less than $5.0 billion with a minimum of three sell-side earnings estimates
- Benchmark: Russell 2000 Index
- 85-100 holdings
- Initial target weightings up to 2%
- All sectors represented
- 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%
Portfolio Managers
Literature
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. For additional information regarding risks and about the firm, please refer to Related Literature and Disclosures.