|
Institutional
Shares | ||
|
|||
Management
Fees |
| ||
Other
Expenses |
| ||
Total
Annual Portfolio Operating Expenses |
|
1
Year |
3
Years |
5
Years |
10 Years
| ||||||
$ |
$ |
$ |
$ | ||||||
|
3 |
|
|
4 |
|
( |
( |
Past
1
Year |
Past
5
Years |
Since
Inception
( ) |
|||||||||
Return
Before Taxes |
|||||||||||
Return
After Taxes on Distributions |
|
||||||||||
Return
After Taxes on Distributions and Sale of Fund Shares1 |
|||||||||||
Russell
1000® Index (reflects no deduction for fees, expenses or
taxes) |
|
|
|
||||||||
Morningstar
Large Blend Average2 |
|
|
|
1 |
|
2 |
|
5 |
|
|
6 |
|
|
Institutional
Shares | ||
|
|||
Management
Fees |
| ||
Other
Expenses |
| ||
Total
Annual Portfolio Operating Expenses |
1
Year |
3
Years |
5
Years |
10 Years
| ||||||
$ |
$ |
$ |
$ | ||||||
|
7 |
|
|
8 |
|
( |
( |
Past
1
Year |
Past
5
Years |
Since
Inception
( ) |
|||||||||
Return
Before Taxes |
|||||||||||
Return
After Taxes on Distributions |
|||||||||||
Return
After Taxes on Distributions and Sale of Fund Shares1 |
|||||||||||
Russell
1000® Index (reflects no deduction for fees, expenses or
taxes)2 |
|
|
|
||||||||
Russell
1000® Growth Index (reflects no deduction for fees, expenses or
taxes) |
|
|
|
||||||||
Morningstar
Large Growth Average3 |
|
|
|
1 |
2 |
3 |
|
9 |
|
|
10 |
|
|
Institutional
Shares | ||
|
|||
Management
Fees |
|||
Other
Expenses |
|||
Short
Sale Expenses |
|||
Total
Other Expenses |
|||
Total
Annual Portfolio Operating Expenses |
|||
Fee
Waivers and Expense Reimbursements1 |
|||
Net
Expenses |
1 |
Glenmede Investment Management LP (the “Advisor”)
has contractually agreed to waive a portion of its Management Fee so that
the Management Fee is 0.85% of the Portfolio’s average daily net assets
and to waive an additional portion of its Management Fee and/or reimburse
the Portfolio to the extent that total annual operating expenses of the
Portfolio’s Institutional Shares exceed 1.05% of the average daily net
assets of the Portfolio’s Institutional Shares (excluding Acquired Fund
fees and expenses, short sale dividends, prime broker interest, brokerage
commissions, taxes, interest, and extraordinary expenses). The Advisor has
contractually agreed to these waivers and/or reimbursements until at least
February 28, 2025 and may discontinue this arrangement at any time
thereafter. This contractual fee waiver agreement may not be terminated
before |
1
Year |
3
Years |
5
Years |
10
Years | ||||||
$ |
$ |
$ |
$ | ||||||
|
11 |
|
|
12 |
|
( |
|
13 |
|
Past
1
Year |
Since
Inception
( ) |
|||||||
Return
Before Taxes |
||||||||
Return
After Taxes on Distributions |
||||||||
Return
After Taxes on Distributions and Sale of Fund Shares |
||||||||
Russell
3000® Index (reflects no deduction for fees, expenses or
taxes) |
|
|
||||||
Bloomberg
U.S. Treasury Bellwether 3-Month Index (reflects no deduction for fees,
expenses or taxes)1 |
|
|
||||||
Blended
Index (reflects no deduction for fees, expenses or
taxes)2 |
|
|
||||||
Morningstar
Long/Short Average3 |
|
|
1 |
2 |
The Blended Index is comprised of two benchmarks,
weighted 70% Bloomberg U.S. Treasury Bellwether 3-Month Index and 30%
Russell 3000® Index. It is provided so that investors may
compare the performance of the Portfolio with the performance of a
combination of indices that the Advisor considers similar to the
Portfolio.
|
3 |
The Morningstar Long/Short Average is provided so
that investors may compare the performance of the Portfolio with the
performance of a peer group of funds that Morningstar, Inc. considers
similar to the Portfolio.
|
|
14 |
|
|
15 |
|
|
Institutional
Shares | ||
Annual
Portfolio Operating Expenses
(expenses that you pay each
year as a percentage of the value of your
investment) |
|||
Management
Fees |
| ||
Other
Expenses
(includes
0.05% shareholder servicing fees payable to Glenmede Trust) |
| ||
Total
Annual Portfolio Operating Expenses |
|
1
Year |
3
Years |
5
Years |
10 Years
| ||||||
$ |
$ |
$ |
$ | ||||||
|
16 |
|
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
( |
( |
( |
|
17 |
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
|||||||||
Return
Before Taxes |
|
|
|
||||||||
Return
After Taxes on Distributions |
|
|
|
||||||||
Return
After Taxes on Distributions and Sale of Fund Shares1 |
|
|
|
||||||||
Russell
2000® Index (reflects no deduction for fees, expenses or
taxes) |
|
|
|
||||||||
Russell
2000® Value Index (reflects no deduction for fees, expenses or
taxes)2 |
|
|
|
||||||||
S&P
500® Index (reflects no deduction for fees, expenses or
taxes)3 |
|
|
|
||||||||
Morningstar
Small Blend Average4 |
|
|
|
1 |
2 |
3 |
The S&P 500® Index is provided so
that investors may compare the performance of the Portfolio with the
performance of a well- known index of leading U.S. companies.
|
4 |
The Morningstar Small Blend Average is provided so
that investors may compare the performance of the Portfolio with the
performance of a peer group of funds that Morningstar, Inc. considers
similar to the Portfolio.
|
|
18 |
|
|
19 |
|
|
Institutional
Shares | ||
Annual
Portfolio Operating Expenses
(expenses that you pay each
year as a percentage of the value of your
investment) |
|||
Management
Fees |
| ||
Other
Expenses |
| ||
Total
Annual Portfolio Operating Expenses |
|
1
Year |
3
Years |
5
Years |
10 Years
| ||||||
$ |
$ |
$ |
$ | ||||||
|
20 |
|
|
21 |
|
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
( |
( |
|
22 |
|
Past
1
Year |
Past
5
Years |
Since
Inception
( ) |
|||||||||
Return
Before Taxes |
|
|
|
||||||||
Return
After Taxes on Distributions |
|
|
|
||||||||
Return
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
||||||||
S&P
500® Index (reflects no deduction for fees, expenses or
taxes)1 |
|
|
|
||||||||
CBOE
S&P 500® PutWrite Index (reflects no deduction for fees,
expenses or taxes) |
|
|
|
1 |
|
23 |
|
|
24 |
|
|
25 |
|
|
26 |
|
|
27 |
|
|
28 |
|
|
29 |
|
|
30 |
|
|
31 |
|
|
32 |
|
|
33 |
|
|
34 |
|
|
35 |
|
|
36 |
|
|
37 |
|
|
38 |
|
Portfolio |
Percentage
of Average Daily Net Assets* | ||
Quantitative
U.S. Large Cap Core Equity Portfolio — Institutional Shares |
0.55% | ||
Quantitative
U.S. Large Cap Growth Equity Portfolio — Institutional Shares |
0.55% | ||
Quantitative
U.S. Long/Short Equity Portfolio — Institutional Shares |
1.20%* | ||
Small
Cap Equity Portfolio — Institutional Shares |
0.55% | ||
Secured
Options Portfolio — Institutional Shares |
0.55% | ||
* |
The
Advisor has contractually agreed to waive a portion of its 1.20%
management fee so that after giving effect to such contractual waiver, the
management fee for the Quantitative U.S. Long/Short Equity Portfolio is
0.85% of the Portfolio’s average daily net assets. The Advisor has also
contractually agreed to waive an additional portion of its management fee
and/or reimburse the Portfolio to the extent that total annual operating
expenses of the Quantitative U.S. Long/Short Equity Portfolio’s
Institutional Shares, exceed 1.05% of the average daily net assets of the
Portfolio’s Institutional Shares (excluding Acquired Fund fees and
expenses, short-sale dividends, prime broker interest, brokerage
commissions, taxes, interest, and extraordinary expenses). The Advisor has
contractually agreed to these waivers and/or reimbursements until at least
February 28, 2025. Shareholders will be notified if these waivers and/or
reimbursements are discontinued after that date. |
|
39 |
|
|
40 |
|
|
For
The Year Ended October 31, |
|||||||||||||||
|
20231 |
20221 |
20211 |
20201 |
20191 |
|||||||||||
Net
asset value, beginning of year |
$25.15 |
$32.98 |
$24.99 |
$26.91 |
$27.89
|
|||||||||||
Income
from investment operations:
Net investment income |
0.30 |
0.32 |
0.29 |
0.34 |
0.40 |
|||||||||||
Net
realized and unrealized gain (loss) on investments |
0.75 |
(4.02) |
10.16 |
(0.75) |
1.20
|
|||||||||||
Total
from investment operations |
1.05 |
(3.70) |
10.45 |
(0.41) |
1.60
|
|||||||||||
Distributions
to shareholders from:
Net investment income |
(0.30) |
(0.33) |
(0.30) |
(0.34) |
(0.41) |
|||||||||||
Net
realized capital gains |
(4.61) |
(3.80) |
(2.16) |
(1.17) |
(2.17) |
|||||||||||
Total
distributions |
(4.91) |
(4.13) |
(2.46) |
(1.51) |
(2.58)
|
|||||||||||
Net
asset value, end of year |
$21.29 |
$25.15 |
$32.98 |
$24.99 |
$26.91
|
|||||||||||
Total
return |
4.65% |
(12.73)% |
44.10% |
(1.75)% |
6.68% |
|||||||||||
Ratios
to average net assets/Supplemental data: |
||||||||||||||||
Net
assets, at end of year (in 000s) |
$45,052 |
$66,600 |
$165,106 |
$173,029 |
$673,825 |
|||||||||||
Ratio
of operating expenses to average net assets |
0.66%2 |
0.64%2 |
0.65%2 |
0.67% |
0.66% |
|||||||||||
Ratio
of net investment income to average net assets |
1.31% |
1.14% |
0.96% |
1.32% |
1.52% |
|||||||||||
Portfolio
turnover rate3 |
78% |
66% |
41% |
66% |
80% |
|||||||||||
1 |
Per share net investment income (loss) has been
calculated using the average shares outstanding during the
period. |
2 |
The ratio of operating expenses excluding interest
expense was 0.66%, 0.64% and 0.65% for the years ended October 31,
2023, 2022 and 2021, respectively. |
3 |
Portfolio turnover is calculated at the fund level.
|
|
41 |
|
|
For
The Year Ended October 31, |
|||||||||||||||
|
20231 |
20221 |
20211 |
20201 |
20191 |
|||||||||||
Net
asset value, beginning of year |
$27.95 |
$40.64 |
$32.02 |
$33.09 |
$32.53
|
|||||||||||
Income
from investment operations:
Net investment income |
0.13 |
0.15 |
0.12 |
0.19 |
0.21 |
|||||||||||
Net
realized and unrealized gain (loss) on investments |
1.72 |
(5.65) |
13.34 |
3.18 |
4.88
|
|||||||||||
Total
from investment operations |
1.85 |
(5.50) |
13.46 |
3.37 |
5.09
|
|||||||||||
Distributions
to shareholders from:
Net investment income |
(0.14) |
(0.15) |
(0.13) |
(0.21) |
(0.22) |
|||||||||||
Net
realized capital gains |
(1.93) |
(7.04) |
(4.71) |
(4.23) |
(4.31) |
|||||||||||
Total
distributions |
(2.07) |
(7.19) |
(4.84) |
(4.44) |
(4.53) |
|||||||||||
Net
asset value, end of year |
$27.73 |
$27.95 |
$40.64 |
$32.02 |
$33.09
|
|||||||||||
Total
return |
7.05% |
(16.49)% |
46.47% |
10.89% |
18.74% |
|||||||||||
Ratios
to average net assets/Supplemental data: |
||||||||||||||||
Net
assets, at end of year (in 000s) |
$847,561 |
$955,360 |
$581,255 |
$543,675 |
$1,250,995 |
|||||||||||
Ratio
of operating expenses to average net assets |
0.66%2 |
0.64%2 |
0.65%2 |
0.68% |
0.66% |
|||||||||||
Ratio
of net investment income to average net assets |
0.48% |
0.49% |
0.34% |
0.62% |
0.69% |
|||||||||||
Portfolio
turnover rate3 |
78% |
85% |
49% |
69% |
80% |
|||||||||||
1 |
Per share net investment income (loss) has been
calculated using the average shares outstanding during the
period. |
2 |
The ratio of operating expenses excluding interest
expense was 0.66%, 0.64% and 0.65% for the years ended October 31,
2023, 2022 and 2021, respectively. |
3 |
Portfolio turnover is calculated at the fund level.
|
|
42 |
|
|
For
The Year Ended October 31, |
For
the
Period
September 13,
20191
through
October 31,
20192 |
||||||||||||||
|
20232 |
20222 |
20212 |
20202 |
||||||||||||
Net
asset value, beginning of year |
$14.13 |
$12.97 |
$11.07 |
$11.89 |
$12.00 |
|||||||||||
Income
from investment operations: |
||||||||||||||||
Net
investment income (loss) |
0.37 |
— |
(0.03) |
(0.10) |
0.01 |
|||||||||||
Net
realized and unrealized gain (loss) on investments |
0.43 |
1.16 |
1.93 |
(0.71) |
(0.08) |
|||||||||||
Total
from investment operations |
0.80 |
1.16 |
1.90 |
(0.81) |
(0.07) |
|||||||||||
Distributions
to shareholders from: |
||||||||||||||||
Net
investment income |
(0.32) |
— |
— |
— |
(0.04) |
|||||||||||
Net
return of capital |
— |
— |
— |
(0.01) |
—
|
|||||||||||
Total
distributions |
(0.32) |
— |
— |
(0.01) |
(0.04) |
|||||||||||
Net
asset value, end of year |
$14.61 |
$14.13 |
$12.97 |
$11.07 |
$11.89 |
|||||||||||
Total
return3 |
5.73% |
8.94%4 |
17.16%4 |
(6.78)% |
(0.62)%5 |
|||||||||||
Ratios
to average net assets/Supplemental data: |
||||||||||||||||
Net
assets, at end of year (in 000s) |
$8,464 |
$8,571 |
$7,255 |
$311 |
$16 |
|||||||||||
Ratio
of operating expenses before waiver/reimbursement to average net
assets |
2.73% |
2.57% |
3.88% |
2.59% |
2.36%6 |
|||||||||||
Ratio
of operating expenses after waiver/reimbursement to averagenet
assets7 |
2.29% |
2.17% |
3.52% |
2.23% |
2.01%6 |
|||||||||||
Ratio
of net investment income (loss) to average net assets |
2.59% |
(0.01)% |
(0.27)% |
(0.89)% |
0.36%6 |
|||||||||||
Portfolio
turnover rate8,9 |
99% |
118% |
115% |
133% |
108% |
|||||||||||
1 |
Shareholder activity commenced on
September 13, 2019. |
2 |
Per share net investment income (loss) has been
calculated using the average shares outstanding during the
period. |
3 |
The Total Return reflects fee waivers and/or
expense reimbursements in effect and would have been lower in their
absence. |
4 |
Includes adjustments in accordance with accounting
principles generally accepted in the United States of America and as such,
the net asset value for financial reporting purposes and the returns based
upon those net asset values may differ from the net asset value and
returns for shareholder transactions as shown in the management discussion
and analysis and as otherwise reported to shareholders.
|
5 |
Not annualized. |
6 |
Annualized. |
7 |
The ratio of operating expenses after
waiver/reimbursement excluding interest expense, dividends on securities
sold short and flex fees was 1.05%, 1.05%, 1.05% and 1.05% for the years
ended October 31, 2023, 2022, 2021 and 2020, respectively, and 1.01%
for the period ended October 31, 2019.
|
8 |
Portfolio turnover is calculated at the fund
level. |
9 |
The calculation of the portfolio turnover rate
reflects the absolute value of the long and short positions.
|
|
43 |
|
|
For
The Year Ended October 31, |
|||||||||||||||
|
20231 |
20221 |
20211 |
20201 |
20191 |
|||||||||||
Net
asset value, beginning of year |
$35.13 |
$39.29 |
$24.61 |
$25.07 |
$30.25 |
|||||||||||
Income
from investment operations:
Net investment income |
0.24 |
0.20 |
0.08 |
0.07 |
0.10 |
|||||||||||
Net
realized and unrealized gain (loss) on investments |
(1.15) |
(2.62) |
14.68 |
(0.44) |
(1.06) |
|||||||||||
Total
from investment operations |
(0.91) |
(2.42) |
14.76 |
(0.37) |
(0.96) |
|||||||||||
Distributions
to shareholders from:
Net investment income |
(0.25) |
(0.18) |
(0.08) |
(0.09) |
(0.12) |
|||||||||||
Net
realized capital gains |
(3.55) |
(1.56) |
— |
— |
(4.09) |
|||||||||||
Net
return of capital |
— |
— |
— |
(0.00)2 |
(0.01) |
|||||||||||
Total
distributions |
(3.80) |
(1.74) |
(0.08) |
(0.09) |
(4.22) |
|||||||||||
Net
asset value, end of year |
$30.42 |
$35.13 |
$39.29 |
$24.61 |
$25.07
|
|||||||||||
Total
return |
(2.87)% |
(6.39)% |
60.04% |
(1.44)% |
(2.38)% |
|||||||||||
Ratios
to average net assets/Supplemental data: |
||||||||||||||||
Net
assets, at end of year (in 000s) |
$540,040 |
$642,649 |
$944,442 |
$836,015 |
$1,279,693 |
|||||||||||
Ratio
of operating expenses to average net assets |
0.75%3 |
0.73%3 |
0.72%3 |
0.74% |
0.73% |
|||||||||||
Ratio
of net investment income to average net assets |
0.72% |
0.54% |
0.22% |
0.29% |
0.39% |
|||||||||||
Portfolio
turnover rate4 |
20% |
28% |
41% |
36% |
54% |
1 |
Per share net investment income (loss) has been
calculated using the average shares outstanding during the
period. |
2 |
Amount rounds to less than $0.01 per share.
|
3 |
The ratio of operating expenses excluding interest
expense was 0.75%, 0.73% and 0.72% for the years ended October 31,
2023, 2022 and 2021, respectively. |
4 |
Portfolio turnover is calculated at the fund level.
|
|
44 |
|
|
For
The Year Ended October 31, |
|||||||||||||||
|
20231 |
20221 |
20211 |
20201 |
20191 |
|||||||||||
Net
asset value, beginning of year |
$11.74 |
$14.99 |
$11.77 |
$13.09 |
$12.34 |
|||||||||||
Income
from investment operations:
Net investment income (loss) |
0.04 |
(0.04) |
(0.08) |
(0.05) |
(0.02) |
|||||||||||
Net
realized and unrealized gain (loss) on investments |
1.30 |
(1.43) |
3.30 |
(0.34) |
1.06 |
|||||||||||
Total
from investment operations |
1.34 |
(1.47) |
3.22 |
(0.39) |
1.04 |
|||||||||||
Distributions
to shareholders from:
Net realized capital gains |
— |
(1.78) |
— |
(0.93) |
(0.29) |
|||||||||||
Total
distributions |
— |
(1.78) |
— |
(0.93) |
(0.29) |
|||||||||||
Net
asset value, end of year |
$13.08 |
$11.74 |
$14.99 |
$11.77 |
$13.09 |
|||||||||||
Total
return |
11.41%2 |
(11.16)% |
27.36% |
(3.31)% |
8.73% |
|||||||||||
Ratios
to average net assets/Supplemental data: |
||||||||||||||||
Net
assets, at end of year (in 000s) |
$456,293 |
$431,137 |
$341,245 |
$354,674 |
$409,829 |
|||||||||||
Ratio
of operating expenses to average
net
assets3 |
0.66%4 |
0.65% |
0.66% |
0.68% |
0.67%4 |
|||||||||||
Ratio
of net investment income (loss) to average net assets3 |
0.29% |
(0.32)% |
(0.57)% |
(0.44)% |
(0.14)% |
|||||||||||
Portfolio
turnover rate5,6 |
—% |
—% |
—% |
—% |
—% |
1 |
Per share net investment income (loss) has been
calculated using the average shares outstanding during the
period. |
2 |
This ratio does not include the expenses for the
exchange-traded funds held in the
Portfolio. |
3 |
The ratio of operating expenses excluding interest
expense was 0.66% and 0.66% for the year ended October 31, 2023 and
2019. |
4 |
Portfolio turnover is calculated at the fund level.
|
5 |
All trading activity in the Portfolio during the
year was short term and is excluded for portfolio turnover calculations
resulting in zero portfolio turnover percentage.
|
|
45 |
|
|
48 |
|