GIM believes that a benchmark-agnostic portfolio of international American Depository Receipts (ADRs), constructed with a disciplined blend of proprietary multi-factor models and downside risk screens, may achieve long-term performance.
The competitive advantage of our International ADR strategy is derived from the following key attributes:
Quantitative discipline; fundamental insight
Models based on intuitive fundamentals that drive performance
Proprietary, diversified models for each country and sector
Unique models for buying and selling
Initial equal weighting vs. weighting by market cap
Seeks to minimize single-stock risk; avoids bias toward expensive ADRs
Discipline emphasizes high quality and valuation
Focus on superior upside and downside capture
Summary Investment Guidelines
- Universe: MSCI World ex U.S.
- Benchmark: MSCI World ex U.S.
- 70-120 holdings
- Initial position maximum: 1%
- Existing position maximum: 3% for any security
- Sector: +/–5% vs. MSCI World ex U.S.
1 YEARAS OF 06/30/2020
|Since Inception||Inception Date||Gross Expense Ratio||Net Expense Ratio|
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value will change so that an investor’s shares when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance of periods less than one year are cumulative and not annualized. Returns assume the deduction of fund expenses. Performance data current to the most Month- end can be obtained by calling 1-800-442-8299.
Year to Date (YTD) returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested.
Before you invest in the Glenmede Funds please refer to the equity prospectus and/or bond prospectus and/or equity institutional class prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. You may also obtain a hard copy of the prospectus by calling 1-800-442-8299. The prospectus should be read carefully before you invest or send money. Related Literature and Disclosures
The Glenmede Funds are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of any Glenmede Fund in any jurisdiction where the offer of solicitation would be unlawful under the securities laws of such jurisdiction.
*The Quantitative International Equity Portfolio has contractual management fee/expense waivers that continue through February 28, 2021. To the extent a Fund’s expenses were reduced by waivers, the Fund’s total returns were increased. In these cases, the Fund’s total returns would have been lower had there been no waivers. This is only applicable to the tabs with the Funds with the fee waiver.
Downside Capture: relative return to the benchmark for periods with negative market returns since inception.
The MSCI ACWI Ex-U.S. is a market-capitalization-weighted index maintained by Morgan Stanley Capital International (MSCI) and designed to provide a broad measure of stock performance throughout the world, with the exception of U.S.-based companies. The MSCI All Country World Index Ex-U.S. includes both developed and emerging markets. The MSCI EAFE Index is a group of unmanaged securities widely regarded by investors to be representative of the stock markets of Europe, Australia, and the Far East. The Index is a total return index net of foreign withholding taxes on dividends. MSCI EAFE Index is an equity index which captures large and mid-cap representation across Developed Markets countries* around the world, excluding the US and Canada. *Developed Markets countries in the MSCI EAFE Index include: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the UK. One cannot invest directly in an index. Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
Mutual fund investing involves risk. Principal loss is possible.
The risks associated with foreign investments are heightened when investing in emerging markets. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The risks associated with foreign investments are heightened when investing in emerging markets. Previously known as the Glenmede International Portfolio, the name was changed on 02/28/2018 to the Quantitative International Equity Portfolio.
The Glenmede Funds are distributed by Quasar Distributors, LLC.