Glenmede seeks to outperform the market over time by generating current income and capital appreciation with reasonable risk to principal. This strategy uses covered calls and secured puts in an attempt to generate premium income while seeking to mitigate downside risk.
- Benchmarked to the CBOE S&P 500 BuyWrite Index
- Seeks to provide a slightly higher return with potentially less volatility than the S&P 500 Index
- Seeks to have positive relative returns when the S&P 500 Index is flat or declining
- A secured put strategy has a similar risk/return profile as a covered call strategy on the same index. Market prices will influence which strategy is implemented. Source: Options Clearing Corp
- The writer of a put option bears the risk of loss if the value of the underlying stock declines below the exercise price, and such a loss could be substantial if the decline is significant. An option holder (buyer) runs the risk of losing the entire amount paid for the option in a relatively short period of time
- Inception date of June 30, 2010
1 YEARAS OF 06/30/2020
|Since Inception||Inception Date||Gross Expense Ratio||Net Expense Ratio|
|Secured Options (Advisor Shares)||GTSOX||$11.70||-5.03%||-2.62%||1.87%||3.72%||7.75%||7.75%||06/30/2010||0.87%||0.87%|
|Secured Options (Institutional Shares)||GLSOX||$11.79||-5.00%||-2.36%||2.09%||3.93%||8.01%||8.00%||11/09/2016||0.67%||0.67%|
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.
The Secured Options Institutional Shares commenced operation on November 9, 2016; therefore performance listed for the Institutional Shares prior to the inception date (6/30/2010 through 11/08/2016) is based on the average total return for the Advisor Shares. Performance listed for the period of 11/09/2016 through 3/31/2018 is the average annual total return for the Institutional Shares.
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.
CBOE S&P 500 BUY Write Index - The CBOE S&P 500 Buy-Write Index is an index designed to track the performance of a hypothetical covered call strategy on the S&P 500 Index. The Index is unmanaged.
The S&P 500 Index is a broad based unmanaged index of 500 stocks, which is widely recognized as representative of the equity market in general. One cannot invest directly in an index.
Mutual fund investing involves risk. Principal loss is possible.
The Fund invests in options which have the risks of unlimited losses of the underlying holdings due to unanticipated market movements and failure to correctly predict the direction of the securities prices, interest rates and currency exchange rates. This investment may not be suitable for all investors. The fund may invest in ADRs and foreign securities which involve greater volatility and political, economic, and currency risks and differences in accounting methods.
The Glenmede Funds are distributed by Quasar Distributors, LLC.