Secured Options Portfolio
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.4%
1 yr return
10.5%
3 Yr Avg Return
4.9%
5 Yr Avg Return
6.9%
Net Assets
$538 M
Holdings in Top 10
104.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.86%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GTSOX - Profile
Distributions
- YTD Total Return 3.4%
- 3 Yr Annualized Total Return 4.9%
- 5 Yr Annualized Total Return 6.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.77%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameSecured Options Portfolio
-
Fund Family NameGLENMEDEFU
-
Inception DateNov 09, 2016
-
Shares OutstandingN/A
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSean Heron
Fund Description
GTSOX - Performance
Return Ranking - Trailing
Period | GTSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | -2.8% | 240.8% | 26.09% |
1 Yr | 10.5% | -4.3% | 140.6% | 30.00% |
3 Yr | 4.9%* | -8.3% | 18.3% | 53.21% |
5 Yr | 6.9%* | -5.0% | 17.3% | 49.15% |
10 Yr | 5.9%* | -4.6% | 13.2% | 43.14% |
* Annualized
Return Ranking - Calendar
Period | GTSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.6% | -34.1% | 904.0% | 53.60% |
2022 | -11.7% | -28.6% | 438.4% | 56.65% |
2021 | 4.0% | -93.5% | 8.2% | 35.17% |
2020 | 4.2% | -38.9% | 19.8% | 81.40% |
2019 | 10.1% | -10.9% | 12.8% | 64.08% |
Total Return Ranking - Trailing
Period | GTSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | -2.7% | 244.0% | 27.27% |
1 Yr | 10.5% | -4.3% | 140.6% | 29.57% |
3 Yr | 4.9%* | -8.3% | 18.3% | 48.08% |
5 Yr | 6.9%* | -5.4% | 17.3% | 45.76% |
10 Yr | 5.9%* | -4.6% | 13.2% | 43.14% |
* Annualized
Total Return Ranking - Calendar
Period | GTSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.6% | -34.1% | 904.0% | 53.60% |
2022 | -11.7% | -5.9% | 438.4% | 57.23% |
2021 | 18.1% | -81.2% | 8.2% | 48.97% |
2020 | 4.2% | -29.0% | 19.8% | 72.87% |
2019 | 18.4% | -10.9% | 12.8% | 33.01% |
NAV & Total Return History
GTSOX - Holdings
Concentration Analysis
GTSOX | Category Low | Category High | GTSOX % Rank | |
---|---|---|---|---|
Net Assets | 538 M | 25 | 17.4 B | 18.73% |
Number of Holdings | 16 | 2 | 508 | 66.79% |
Net Assets in Top 10 | 570 M | -6.66 M | 5.12 B | 9.92% |
Weighting of Top 10 | 104.51% | 11.3% | 100.0% | 1.17% |
Top 10 Holdings
- S+P 500 INDEX 64.14%
- S+P 500 INDEX 11.38%
- United States Cash Management Bill - Reopening 7.60%
- United States Treasury Bill - WI Post Auction 6.54%
- U.S. Treasury Bills 6.21%
- S+P 500 INDEX 4.09%
- Vanguard SP 500 ETF 2.44%
- SPDR SP 500 ETF Trust 1.96%
- FIXED INC CLEARING CORP.REPO 0.15%
- S+P 500 INDEX 0.00%
Asset Allocation
Weighting | Return Low | Return High | GTSOX % Rank | |
---|---|---|---|---|
Other | 74.38% | 0.00% | 45.92% | 66.41% |
Cash | 21.22% | -0.76% | 100.29% | 16.41% |
Stocks | 4.40% | -3.92% | 100.76% | 79.77% |
Preferred Stocks | 0.00% | 0.00% | 3.08% | 56.87% |
Convertible Bonds | 0.00% | 0.00% | 20.91% | 58.78% |
Bonds | 0.00% | 0.00% | 97.96% | 9.54% |
Stock Sector Breakdown
Weighting | Return Low | Return High | GTSOX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 13.35% | 34.03% |
Technology | 0.00% | 0.00% | 44.43% | 16.39% |
Real Estate | 0.00% | 0.00% | 9.74% | 71.01% |
Industrials | 0.00% | 1.41% | 43.91% | 67.23% |
Healthcare | 0.00% | 0.00% | 25.91% | 29.41% |
Financial Services | 0.00% | 0.00% | 29.60% | 80.67% |
Energy | 0.00% | 0.00% | 69.54% | 81.51% |
Communication Services | 0.00% | 0.00% | 21.22% | 64.29% |
Consumer Defense | 0.00% | 0.00% | 22.87% | 33.19% |
Consumer Cyclical | 0.00% | 0.00% | 19.02% | 26.89% |
Basic Materials | 0.00% | 0.00% | 60.58% | 68.91% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | GTSOX % Rank | |
---|---|---|---|---|
US | 4.40% | -3.89% | 100.00% | 66.79% |
Non US | 0.00% | -2.17% | 99.33% | 31.30% |
GTSOX - Expenses
Operational Fees
GTSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.86% | 0.20% | 6.78% | 63.37% |
Management Fee | 0.55% | 0.20% | 1.75% | 11.94% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.25% | 0.02% | 0.28% | 91.84% |
Sales Fees
GTSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
GTSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
GTSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 0.00% | 0.00% | 456.80% | 17.41% |
GTSOX - Distributions
Dividend Yield Analysis
GTSOX | Category Low | Category High | GTSOX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.76% | 59.85% |
Dividend Distribution Analysis
GTSOX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Monthly | Annually |
Net Income Ratio Analysis
GTSOX | Category Low | Category High | GTSOX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.77% | -2.54% | 14.24% | 68.44% |
Capital Gain Distribution Analysis
GTSOX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 08, 2024 | $0.023 | OrdinaryDividend |
Dec 16, 2019 | $0.931 | OrdinaryDividend |
GTSOX - Fund Manager Analysis
Managers
Sean Heron
Start Date
Tenure
Tenure Rank
Jun 30, 2010
11.93
11.9%
Sean E. Heron, CFA, is a Portfolio Manager, Options & Derivatives, for The Glenmede Trust Company, N.A. (GTC) and a Portfolio Manager for Glenmede Investment Management LP (GIM), an affiliate of GTC. Sean manages the secured options products and leads a team responsible for providing clients with options and some alternative strategies. Mr. Heron began his career with Goldman Sachs. In 2003, he left the firm to help former Goldman Sachs Managing Director Thomas McGowan launch McGowan Investors, LP. Mr. Heron graduated from LaSalle University with a B.A. in Finance and an M.B.A in Accounting. He received his Chartered Financial Analysts designation® in 2004. Mr. Heron is a board member of the CFA Society of Philadelphia and serves as an instructor for the CFA Exam and as an Adjunct Professor at Rutgers University.
Stacey Gilbert
Start Date
Tenure
Tenure Rank
Feb 28, 2020
2.25
2.3%
Stacey Gilbert is a Portfolio Manager on the Derivatives team for Glenmede Investment Management LP (GIM). She co-manages the firm’s Secured Options and Global Secured Options strategies. Ms. Gilbert contributes to the overall investment approach for the strategies and serves as a key point of contact for clients. In addition, she works with the team on the development of derivatives-based strategies that seek to harvest liquid alternative risk premia. Prior to joining Glenmede, Ms. Gilbert served as the Head of Derivative Strategy at Susquehanna Financial Group. In this role, she led a team responsible for providing market commentary, actionable ideas and trading strategies driven by catalyst events, breaking news, and sector analysis. During her more than two decades at Susquehanna, she held several leadership positions, including key senior positions on the trading desk and the American Stock Exchange, trading both options and ETFs. Gilbert also led the company’s Education department. Ms. Gilbert earned a Bachelor of Arts degree in mathematics and a minor in economics from Dartmouth College.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 19.77 | 3.61 | 5.67 |
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