SMALL CAP

Equity

Mutual Fund

GIM believes a diversified portfolio of stocks that are inexpensive and exhibit company-specific positive trends may outperform the market.  The Small Cap strategy’s investment philosophy is long-term and risk averse, stemming from these basic concepts:

Blend of quantitative modeling and fundamental analysis
Quantitative screening integrated with fundamental sector and stock analysis

Unbiased point/counterpoint analysis
Based on research from multiple external sources

Seeking to identify investible themes through top-down macro, sector and industry analysis
Focusing on trends and valuations

Seeking company-specific catalysts; emphasizing high quality and valuation
Signaling improvement in a company’s fundamentals and positive changes in market sentiment

Continuity of senior Small Cap Equity team
Inception date of March 31, 1991

Summary Investment Guidelines

  • Universe: All securities in the Russell 2500 plus any additional stocks with a capitalization less than $3.5 billion with a minimum of three sell-side earnings estimates
  • Benchmark: Russell 2000 Index
  • 85-100 holdings
  • Initial target weightings up to 2%
  • All sectors represented
  • Sector weights: +/–50% of benchmark (except sectors <7% of Index, which can range from nominal to 10%)
  • Maximum position size: 3%
  • Maximum cash position: 3%

Portfolio Managers

  • Christopher J. Colarik

    Portfolio Manager, Small/Mid Cap Equity
  • Jordan L. Irving

    Portfolio Manager, Small/Mid Cap Equity
 
As of 9/30/2019 QTD YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR Since Inception Inception Date
Glenmede Small Cap Equity (Gross) -3.4% 10.6% -13.5% 6.4% 6.9% 12.0% 10.8% 03/31/1991
Glenmede Small Cap Equity (Net) -3.7% 9.8% -14.3% 5.4% 5.9% 10.9% 10.0%  
Russell 2000 -2.4% 14.2% -8.9% 8.2% 8.2% 11.2% 9.5%  

Calendar Year Returns

  Glenmede Gross Glenmede Net Russell 2000 Gross +/-
2018 -15.1% -15.9% -11.0% -4.1%
2017 16.8% 15.6% 14.6% 2.2%
2016 19.2% 18.0% 21.3% -2.1%
2015 -2.1% -3.0% -4.4% 2.3%
2014 4.0% 3.0% 4.9% -0.9%
2013 49.2% 47.8% 38.8% 10.4%
2012 17.8% 16.6% 16.4% 1.4%
2011 1.0% 0.0% -4.2% 5.2%
2010 28.5% 27.3% 26.9% 1.6%
2009 32.4% 31.1% 27.2% 5.2%
2008 -36.0% -36.7% -33.8% .2.2%
2007 5.4% 4.5% -1.6% 7.0%
2006 16.8% 15.8% 18.4% -1.6%
2005 5.5% 4.5% 4.6% 0.9%
2004 22.4% 21.3% 18.3% 4.1%
2003 35.8% 34.6% 47.3% -11.5%