Oct. 31, 2024
Long-term
capital appreciation consistent with reasonable risk to principal.
This
table describes the fees and expenses that you may pay if you buy, hold, and sell Advisor Shares of the Portfolio. You
may pay brokerage commissions and other fees to financial intermediaries which are not reflected in the table and example below.
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| | | | Advisor Shares |
| Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | | | |
| Management Fees | | | 0.55% |
| Other Expenses (includes 0.20% shareholder servicing fees payable to Glenmede Trust) | | | 0.66% |
| Total Annual Portfolio Operating Expenses | | | 1.21% |
| Fee Waivers and Expense Reimbursements1 | | | 0.36% |
| Net Expenses | | | 0.85% |
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| 1 | Glenmede Investment Management LP (the “Advisor”) has contractually agreed to waive its fees and/or reimburse expenses to the extent that the Portfolio’s annual total operating expenses exceed 0.85% of the Portfolio’s Advisor Shares’ average daily net assets (excluding Acquired Fund fees and expenses, brokerage commissions, extraordinary items, interest and taxes). The Advisor has contractually agreed to these waivers and/or reimbursements until at least September 2, 2026 and may discontinue this arrangement at any time thereafter. This contractual fee waiver agreement may not be terminated before September 2, 2026 without the approval of The Glenmede Fund, Inc.’s (the “Fund”) Board of Directors (the “Board”). |
This
Example is intended to help you compare the cost of investing in the Portfolio’s Advisor Shares with the cost of investing in other
mutual funds. The Example assumes that you invest $10,000 in the Portfolio for the time periods indicated and then hold or redeem all
of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Portfolio’s
operating expenses remain the same, taking into account the fee waiver in the first year of each period. Although your actual costs may
be higher or lower, based on these assumptions your costs would be:
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1
Year |
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3
Years |
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5
Years |
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10
Years |
| $87 |
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$348 |
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$630 |
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$1,434 |
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The
Portfolio pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).
A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Portfolio shares are held in
a taxable account. These costs, which are not reflected in annual portfolio operating expenses or in the Example, affect the Portfolio’s
performance. The Portfolio may actively trade portfolio securities to achieve its principal investment strategies. During the most recent
fiscal year, the Portfolio’s portfolio turnover rate was 80% of the average value of its portfolio.
Under
normal market circumstances, the Portfolio invests at least 80% of the value of its net assets (including borrowings for investment purposes)
in equity securities, such as common stocks and preferred stocks, of U.S. small and medium (“SMID”) cap companies that the
Advisor believes are undervalued. SMID cap companies include companies with the market capitalizations, at the time of purchase, that
are within the market capitalization range of the smallest stock in the Russell 2500 Index to the largest stock in the Russell Midcap
Index. That capitalization range was $7.8 million to $279.5 billion as of April 30, 2025.
The
Advisor uses a combination of quantitative and fundamental research to select securities. The Advisor uses a quantitative proprietary
multi-factor computer model which identifies a list of attractive securities having revenue and earnings growth potential with reasonable
valuations, then applies fundamental research to select which securities to buy and sell for this Portfolio. The Advisor considers material
environmental, social, and governance (ESG) criteria in the context of long-term investor decision making.
The
bar chart and table below provide some indication of the risks of investing in the Portfolio. The bar chart shows how the performance
of the Portfolio’s Advisor Shares has varied from year to year. The table shows how the average annual total returns for one year,
five years and since inception of the Portfolio’s Advisor Shares compare to those of selected market indices.
Effective
September 2, 2025, the Portfolio underwent a change to its investment objective and principal investment strategy (the “Repositioning”).
In connection with the Repositioning, the Portfolio will be repositioned to invest in undervalued equity securities, such as common stocks
and preferred stocks, of U.S. SMID cap companies. Accordingly, the performance of the Portfolio shown prior to September 2,
2025 reflects the Portfolio’s prior principal investment strategy and objective; the Portfolio’s performance would have differed
if the Portfolio’s current principal investment strategy and objective had been in place.
The
Portfolio’s past performance, before and after taxes, does not necessarily indicate how it will perform in the future. Performance
reflects expense reimbursements and/or fee waivers in effect. If such expense reimbursements or fee waivers were not in place, the Portfolio’s
performance would be reduced. Updated performance information is available by visiting www.glenmedeim.com or by calling 1-800-442-8299.
During the periods shown in the bar chart, the highest quarterly return was 20.58% (for the quarter ended June 30, 2020) and the lowest quarterly return was -27.56% (for the quarter ended March 31, 2020).
After-tax
returns for the Portfolio are calculated using the historical highest individual Federal marginal income tax rates, and do not reflect
the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown.
After-tax returns are not relevant to investors who hold their Portfolio shares through tax-deferred arrangements such as 401(k) plans
or individual retirement accounts (“IRAs”).
Past 1 Year | Past 5 Years | Since Inception (December 22, 2015) | |||||||||
Return Before Taxes – Advisor Shares | 15.78% | 9.52% | 10.98% | ||||||||
Return After Taxes on Distributions | 12.47% | 7.43% | 9.56% | ||||||||
Return After Taxes on Distributions and Sale of Fund Shares | 11.82% | 7.33% | 8.84% | ||||||||
Russell 3000® Index1 (reflects no deduction for fees, expenses or taxes) | 23.81% | 13.86% | 13.97% | ||||||||
Russell 1000® Index1 (reflects no deduction for fees, expenses or taxes) | 24.51% | 14.28% | 14.28% | ||||||||
Russell 2500® Index2 (reflects no deduction for fees, expenses or taxes) | 11.99% | 8.77% | 10.25% | ||||||||
Morningstar Large Value Average2 | 14.28% | 9.20% | 10.01% | ||||||||
1 | Effective September 2, 2025, due to the Repositioning, the Portfolio’s primary broad-based index changed from the Russell 1000 Index to the Russell 3000 Index. |
2 | Effective September 2, 2025, due to the Repositioning, the Portfolio’s performance measurement index changed from the Morningstar Large Cap Value Average to the Russell 2500 Index. The Russell 2500 Index is provided so that investors may compare the performance of the Portfolio with an index composed of securities similar to those held by the Portfolio. |