Secured

Options

Mutual Fund

The Glenmede Secured Options Strategy utilizes active options selection as it seeks to:

  • Dampen volatility
  • Generate option premium income
  • Balance upside participation with a downside cushion
  • Provide additional diversification to asset allocation with Volatility Risk Premium (VRP)*

We believe the combination of these characteristics has the potential to outperform the S&P 500 over the long term on a risk adjusted basis.

Active management approach
Team seeks to identify and select the “better option”
 
Active Options Selection
Focus on optoins, not stock selection

Adaptable Process
Incorporate market conditions into strategy investment decisions versus systematic rules
 
Asset class expertise
Extensive experience navigating various market environments 
Portfolio Managers average 23 years of Options investment experience
 
Size matters
Designed to minimize the impact to alpha sources through all market cycles

Portfolio Managers

  • Sean Heron, CFA

    Portfolio Manager, Derivatives
  • Stacey Gilbert

    Portfolio Manager, Derivatives
 
As of 12/31/2020 QTD YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR Since Inception Inception Date
Glenmede Secured Options (Gross) 9.0% 5.1% 5.1% 6.5% 6.7% 8.0% 7.1% 12/31/2003
Glenmede Secured Options (Net) 8.8% 4.4% 4.4% 5.7% 5.9% 7.3% 6.5%  
CBOE Buywrite Index 7.5% -2.8% -2.8% 2.3% 5.3% 6.1% 5.2%  
CBOE Putwrite Index 8.0% 2.1% 2.1% 2.9% 5.3% 6.5% 6.5%  

Calendar Year Returns

  Glenmede Secured Options (Gross) Glenmede Secured  Options (Net) CBOE Buywrite TW Index  CBOE Putwrite TW Index    Gross       +/-
2020 5.1% 4.4.% -2.8% 2.1% 7.9%
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%






 

 

 

 

*Volatility Risk Premium is defined as Implied Volatility minus Subsequent Realized Volatility. Subsequent Realized Volatility is the annualized standard deviation of daily returns over the subsequent 1-month period. Implied volatility is the estimated volatility of a security’s price. It represents an estimate of future price movement over a 1-month period, not an indication of price, and there is no guarantee price will follow the prediction.

Alpha: The excess return of an investment relative to the return of a benchmark index.

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.