Secured Options

Mutual Fund

GIM believes that investing in a basket of individual securities and/or ETFs (beta) and continuously writing covered calls may outperform the market, provide positive risk-adjusted returns and cushion against downside risk.

Active Options Selection
Focus on options, not an underlying index

Flexible approach
Ability to shift strategy depending on market conditions

May use cash-secured puts when prices are more advantageous than covered calls
We believe additional opportunities to benefit from options price volatility

Quantitative strike comparisons, enhanced by fundamental insight
Leveraging quantitative tools with the discipline of experience

Continuity of senior Global Secured Options team since strategy inception
Inception date of May 1, 2017

Portfolio Managers

  • Sean Heron, CFA

    Portfolio Manager, Derivatives
  • Stacey Gilbert

    Portfolio Manager, Derivatives
As of 6/30/2020     QTD          YTD    1 Year  3 Year Since Inception Inception Date
Glenmede Global Secured Options (Gross)     14.9% -8.8% -4.1%   2.4% 2.6% 04/30/2017
Glenmede Global Secured Options (Net)     14.7% -9.1% -4.8% 1.7% 1.8%  
MSCI ACWI Index     19.2% -6.3% 2.1% 6.1% 6.7%  

Calendar Year Returns

  Glenmede Gross Glenmede Net MSCI ACWI Gross +/-
2019 20.0% 19.1% 26.6% -6.6%
2018 -7.7% -8.4% -9.4% 1.7%