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 Secured Options team
Inception date of December 31, 2003

Portfolio Managers

  • Sean Heron, CFA

    Portfolio Manager, Derivatives
 
As of 3/31/2019 QTD YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR Since Inception Inception Date
Glenmede Secured Options (Gross) 8.0% 8.0% 4.4% 6.9% 5.8% 11.0% 6.9% 12/31/2003
Glenmede Secured Options (Net) 7.8% 7.8% 3.7% 6.1% 5.0% 10.2% 6.3%  
CBOE S&P 500 Buywrite Index 6.8% 6.8% 3.3% 7.4% 5.9% 9.0% 5.4%  
S&P 500 13.6% 13.6% 9.5% 13.5% 10.9% 15.9% 8.5%  

Calendar Year Returns

  Glenmede Gross Glenmede Net CBOE S&P 500
Buywrite Index
Gross +/-
2018 -3.9% -4.6% -4.8% 0.9%
2017 6.9% 6.1% 13.0% -6.1%
2016 6.9% 6.1% 7.1% -0.2%
2015 8.0% 7.2% 5.2% 2.8%
2014 6.4% 5.6% 5.6% 0.8%
2013 13.9% 13.1% 13.3% 0.6%
2012 10.4% 9.7% 5.2% 5.2%
2011 8.6% 8.0% 5.7% 2.9%
2010 14.8% 14.2% 5.9% 8.9%
2009 25.5% 24.8% 25.9% -0.4%
2008 -29.2% -29.6% -28.7% -0.5%
2007 9.3% 8.7% 6.6% 2.7%
2006 16.0% 15.4% 13.3% 2.7%
2005 5.4% 4.9% 4.3% 1.1%
2004 9.6% 9.0% 8.3% 1.3%