Large Cap Value

Equity

Mutual Fund

GIM seeks to invest in firms with traditional value characteristics and positive company-specific catalysts. The strategy is unhedged. The portfolio is characterized by a lower P/E and P/B relative to the benchmark.

Value plus fundamentals
Focus on companies with value characteristics plus strong fundamentals

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

Consistency and discipline
Inception date of December 31, 1991

Summary Investment Guidelines

  • Universe: Russell 1000
  • Benchmark: Russell 1000 Value Index
  • 45-65 holdings
  • Position sizes depend on fundamental attractiveness and targeted sector exposure
  • Sector weights: +/– 7% 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 12/31/2018 QTD YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR Since Inception Inception Date
Large Cap Value (Gross) -13.1% -10.4% -10.4% 7.5% 6.6% 12.5% 10.3% 12/31/1991
Large Cap Value (Net) -13.2% -11.1% -11.1% 6.7% 5.8% 11.6% 9.4%  
Russell 1000 Value -11.7% -8.3% -8.3% 7.0% 5.9% 11.2% 9.4%  

Calendar Year Returns

  Glenmede Gross Glenmede Net Russell 1000 Value Gross +/-
2018 -10.4% -11.1% -8.3 -2.2%
2017 16.7% 15.8% 13.7% 3.0%
2016 19.0% 18.1% 17.3% 2.7%
2015 -2.6% -3.3% -3.8% 1.2%
2014 13.9% 13.0% 13.5% 0.4%
2013 34.3% 33.3% 32.5% 1.8%
2012 15.7% 14.8% 17.5% -1.8%
2011 -5.9% -6.6% 0.4% -6.3%
2010 23.9% 23.0% 15.5% 8.4%
2009 29.9% 28.9% 19.7% 10.2%
2008 -34.2% -34.7% -36.9% 2.7%
2007 5.5% 4.7% -0.2% 5.7%
2006 15.4% 14.6% 22.3% -6.9%
2005 11.0% 10.2% 7.1% 3.9%
2004 18.0% 17.1% 16.5% 1.5%
2003 26.2% 25.3% 30.0% -3.8