Secured

Options

Mutual Fund

Glenmede seeks to outperform the market over time by generating current income and capital appreciation with reasonable risk to principal. This strategy uses secured puts in an attempt to generate premium income while seeking to mitigate downside risk. 

Active Options Selection
Focus on options, not an underlying index

Flexible approach
Ability to shift strategy depending on market conditions

Deep options experience over multiple market cycles

Emphasis on continuous improvement
Seeking upside & downside capture

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

Inception date of December 31, 2003

Portfolio Managers

  • Sean Heron, CFA

    Portfolio Manager, Derivatives
  • Stacey Gilbert

    Portfolio Manager, Derivatives
 
As of 6/30/2020 QTD YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR Since Inception Inception Date
Glenmede Secured Options (Gross) 13.1% -8.2% -1.7% 2.8% 4.7% 8.5% 6.5% 12/31/2003
Glenmede Secured Options (Net) 12.9% -8.5% -2.4% 2.0% 3.9% 7.8% 5.8%  
CBOE Buywrite Index 9.1% -15.1% -10.9% -0.5% 2.8% 6.3% 4.5%  
CBOE Putwrite Index 11.0% -11.9% -7.5% -0.8% 2.8% 6.9% 5.7%  

Calendar Year Returns

  Glenmede Secured Options (Gross) Glenmede Secured  Options (Net) CBOE Buywrite TW Index  CBOE Putwrite TW Index    Gross       +/-
2019   19.5% 18.7% 15.7% 13.4% 3.8%
2018   -3.9% -4.6% -4.8% -6.0% 0.9%
2017 6.9% 6.1% 13.0% 10.6% -6.1%
2016 6.9% 6.1% 7.1% 7.4% -0.2%
2015 8.0% 7.2% 5.2% 6.0% 2.8%
2014 6.4% 5.6% 5.6% 6.0% 0.8%
2013 13.9% 13.1% 13.3% 12.3% 0.6%
2012 10.4% 9.7% 5.2% 8.1% 5.2%
2011 8.6% 8.0% 5.7% 6.2% 2.9%
2010 14.8% 14.2% 5.9% 9.0% 8.9%
2009 25.5% 24.8% 25.9% 31.5% -0.4%
2008 -29.2% -29.6% -28.7% -26.8% -0.5%
2007 9.3% 8.7% 6.6% 9.8% 2.7%
2006 16.0% 15.4% 13.3% 15.12% 2.7%
2005 5.4% 4.9% 4.3% 6.7% 1.1%
2004 9.6% 9.0% 8.3% 9.5% 1.3%