Equity

Income

Mutual Fund

GIM seeks to invest in a diversified portfolio of common stocks that reward shareholders with dividend income and possess the ability to raise the payout to shareholders over time.

Current yield plus potential for dividend growth
Focus not just on current yield, but on potential for growth in dividend income stream

Fundamental approach with quantitative foundation
Integrates quantitative screening with fundamental research to identify positive earnings trends and other catalysts

Consistency and discipline
A consistent, disciplined investment process

Continuity of senior Equity Income team
Inception date of December 31, 2004

Summary Investment Guidelines

  • Universe: Large cap stocks with yields at or above the S&P 500
  • Benchmark: S&P 500 Index
  • 50-60 holdings
  • Position sizes depend on dividend yield, potential for dividend growth, fundamental attractiveness and targeted sector exposure
  • Sector weights: +/– 5% relative to benchmark weight
  • Maximum position size: 5% for any security
  • Cash positions minimal (<1%)

Portfolio Managers

  • Wade Wescott, CFA

    Portfolio Manager, Value Equity
 
As of 3/31/2019 QTD YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR Since Inception Inception Date
Glenmede Equity Income (Gross) 11.3% 11.3% 8.6% 12.6% 10.2% 15.8% 9.3% 12/31/2004
Glenmede Equity Income (Net) 11.1% 11.1% 7.8% 11.7% 9.4% 15.0% 8.4%  
S&P 500 13.6% 13.6% 9.5% 13.5% 10.9% 15.9% 8.4%  

Calendar Year Returns

  Glenmede Gross Glenmede Net S&P 500 Gross +/-
2018 -4.5% -5.2% -4.4% -0.1%
2017 19.1% 18.2% 21.8% -2.7%
2016 15.4% 14.5% 12.0% 3.4%
2015 -0.8% -1.5% 1.4% -2.2%
2014 15.1% 14.2% 13.7% 1.4%
2013 32.4% 31.4% 32.4% 0.0%
2012 12.3% 11.5% 16.0% -3.7%
2011 8.7% 7.9% 2.1% 6.6%
2010 18.5% 17.6% 15.1% 3.4%
2009 18.1% 17.2% 26.5% -8.4%
2008 -32.1% -32.6% -37.0% 4.9%
2007 4.2% 3.4% 5.5% -1.3%
2006 22.2% 21.3% 15.8% 6.4%
2005 8.3% 7.5% 4.9% 3.4%