GTSOX: Glenmede Secured Options Portfolio - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$14.54

-

-

0.88%

Vitals

YTD Return

13.2%

1 yr return

24.5%

3 Yr Avg Return

7.5%

5 Yr Avg Return

7.9%

Net Assets

$421 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$14.44
$11.63
$14.59

Expenses

OPERATING FEES

Expense Ratio 0.88%

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

Investment Style

Options Trading


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$14.54

-

-

0.88%

GTSOX - Profile

Distributions

  • YTD Total Return 13.2%
  • 3 Yr Annualized Total Return 7.5%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.59%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Glenmede Secured Options Portfolio
  • Fund Family Name
    Glenmede
  • Inception Date
    Jun 30, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Sean Heron

Fund Description

Under normal market circumstances, at least 80% of the value of the Portfolio's total assets (including borrowings for investment purposes) will be subject to secured option strategies, which are written covered call and/or secured put options on stock index ETFs, stock indices and/or individual stocks held by the Portfolio.


GTSOX - Performance

Return Ranking - Trailing

Period GTSOX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.2% -2.8% 240.8% 26.09%
1 Yr 24.5% -4.3% 140.6% 30.00%
3 Yr 7.5%* -8.3% 18.3% 53.21%
5 Yr 7.9%* -5.0% 17.3% 49.15%
10 Yr 8.9%* -4.6% 13.2% 43.14%

* Annualized

Return Ranking - Calendar

Period GTSOX Return Category Return Low Category Return High Rank in Category (%)
2020 4.2% -34.1% 904.0% 53.60%
2019 10.1% -28.6% 438.4% 56.65%
2018 -7.0% -93.5% 8.2% 35.17%
2017 -0.6% -38.9% 19.8% 81.40%
2016 0.8% -10.9% 12.8% 64.08%

Total Return Ranking - Trailing

Period GTSOX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.2% -2.7% 244.0% 27.27%
1 Yr 24.5% -4.3% 140.6% 29.57%
3 Yr 7.5%* -8.3% 18.3% 48.08%
5 Yr 7.9%* -5.4% 17.3% 45.76%
10 Yr 8.9%* -4.6% 13.2% 43.14%

* Annualized

Total Return Ranking - Calendar

Period GTSOX Return Category Return Low Category Return High Rank in Category (%)
2020 4.2% -34.1% 904.0% 53.60%
2019 10.1% -5.9% 438.4% 57.23%
2018 -7.0% -81.2% 8.2% 48.97%
2017 6.0% -29.0% 19.8% 72.87%
2016 5.9% -10.9% 12.8% 33.01%

NAV & Total Return History


GTSOX - Holdings

Concentration Analysis

GTSOX Category Low Category High GTSOX % Rank
Net Assets 421 M 25 17.4 B 18.73%
Number of Holdings 15 2 508 66.79%
Net Assets in Top 10 390 M -6.66 M 5.12 B 9.92%
Weighting of Top 10 N/A 11.3% 100.0% 1.17%

Top 10 Holdings

  1. Option on S&P 500 Index Jun21 185.60%
  2. Option on S&P 500 Index Jun21 185.60%
  3. Option on S&P 500 Index Jun21 185.60%
  4. Option on S&P 500 Index Jun21 185.60%
  5. Option on S&P 500 Index Jun21 185.60%
  6. Option on S&P 500 Index Jun21 185.60%
  7. Option on S&P 500 Index Jun21 185.60%
  8. Option on S&P 500 Index Jun21 185.60%
  9. Option on S&P 500 Index Jun21 185.60%
  10. Option on S&P 500 Index Jun21 185.60%

Asset Allocation

Weighting Return Low Return High GTSOX % Rank
Stocks
66.90% -3.92% 100.76% 79.77%
Cash
21.14% -0.76% 100.29% 16.41%
Bonds
11.95% 0.00% 97.96% 9.54%
Preferred Stocks
0.00% 0.00% 3.08% 56.87%
Other
0.00% 0.00% 45.92% 66.41%
Convertible Bonds
0.00% 0.00% 20.91% 58.78%

Stock Sector Breakdown

Weighting Return Low Return High GTSOX % Rank
Technology
23.98% 0.00% 44.43% 16.39%
Healthcare
14.75% 0.00% 25.91% 29.41%
Financial Services
13.20% 0.00% 29.60% 80.67%
Communication Services
10.78% 0.00% 21.22% 64.29%
Consumer Cyclical
10.59% 0.00% 19.02% 26.89%
Industrials
8.39% 1.41% 43.91% 67.23%
Consumer Defense
7.38% 0.00% 22.87% 33.19%
Utilities
3.07% 0.00% 13.35% 34.03%
Real Estate
2.84% 0.00% 9.74% 71.01%
Energy
2.83% 0.00% 69.54% 81.51%
Basic Materials
2.20% 0.00% 60.58% 68.91%

Stock Geographic Breakdown

Weighting Return Low Return High GTSOX % Rank
US
66.01% -3.89% 100.00% 66.79%
Non US
0.89% -2.17% 99.33% 31.30%

Bond Sector Breakdown

Weighting Return Low Return High GTSOX % Rank
Cash & Equivalents
63.89% 0.09% 100.00% 87.79%
Government
36.11% 0.00% 99.91% 6.49%
Derivative
0.00% 0.00% 0.13% 57.63%
Securitized
0.00% 0.00% 22.63% 56.87%
Corporate
0.00% 0.00% 91.57% 61.83%
Municipal
0.00% 0.00% 97.57% 56.49%

Bond Geographic Breakdown

Weighting Return Low Return High GTSOX % Rank
US
11.95% 0.00% 97.96% 9.54%
Non US
0.00% 0.00% 16.94% 56.87%

GTSOX - Expenses

Operational Fees

GTSOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.88% 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 Annually Annually Monthly Annually

Net Income Ratio Analysis

GTSOX Category Low Category High GTSOX % Rank
Net Income Ratio -0.59% -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

Dividend Payout History

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GTSOX - Fund Manager Analysis

Managers

Sean Heron


Start Date

Tenure

Tenure Rank

Jun 30, 2010

11.18

11.2%

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

1.51

1.5%

Stacey Gilbert is a Portfolio Manager on the Derivatives team for Glenmede Investment Management LP (GIM). She co-manages the firm’s Secured Options, Global Secured Options, and Alternative Risk Premia 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