PHILADELPHIA, PA--(Marketwired - Jan 26, 2015) - Glenmede Investment Management, LP (GIM), a privately-held and independent investment management firm, announced today that its Glenmede Large Cap Growth Fund (GTLLX) finished 2014 in the first percentile for one-year performance in the Morningstar Large Cap Growth mutual fund category, which includes 1775 funds.
Ranked in the same category by Morningstar for other time periods, GTLLX also ranked in the second percentile for three-year performance among 1528 funds, in the first percentile for five-year performance among 1324 funds and the seventh percentile for 10-year performance among 909 funds.
"It remains our priority to deliver quality and consistent performance to investors," said Gordon Fowler, CEO and CIO of Glenmede. "Our Large Cap Growth fund's outperformance of the S&P 500 and Russell 1000 Growth Indexes is confirmation of the relentless focus and top-notch analysis of our fund managers."
The fund, which had $860.7 million in AUM as of December 31, 2014, is co-managed by Vladimir de Vassal, CFA, and Paul T. Sullivan, CFA. Both de Vassal and Sullivan have managed the fund since its inception in 2004. GTLLX is a five-star rated Morningstar fund in the US OE Large Growth category.
"Since the fund's inception, we've followed a fundamental and quantitative management approach to identifying stocks that we believe offer the trifecta: low valuations, high free cash flow yields and strong earnings trends," said de Vassal. "With an additional focus on tax-efficient investments, we look to build a fund portfolio that meets a variety of investment needs. We look forward to advancing our success in 2015."
About Glenmede Investment Management LP
Glenmede Investment Management LP ("GIM") is a Philadelphia-based registered investment advisor and wholly-owned subsidiary of The Glenmede Trust Company, N.A. ("Glenmede"). With approximately $10 billion of institutional assets under management, GIM offers its strategies through mutual funds and separate accounts. H For further information, please visit www.glenmedeim.com.
Important Legal Information: The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The Glenmede Funds' prospectus contains this and other important information about the investment company, and it may be obtained by calling 1.800.442.8299, or visiting www.glenmedeim.com. Please read the prospectus carefully before you invest or send money.
Mutual fund investing involves risks; principal loss is possible. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fund may invest in IPOs and the market value of IPO shares could fluctuate considerably due to factors such as the absence of a prior public market, unseasoned trading, the small number of shares available for trading, and limited information about the issuer.
| Performance as of 12/31/2014 | 1 Year | 5 Years | 10 Years |
| Glenmede Large Cap Growth Fund (GTLLX) Expense Ratio 0.87% | 20.01% | 19.21% | 9.74% |
| S&P 500 TR USD | 13.69% | 15.45% | 7.67% |
| Russell 1000 Growth Index | 13.05% | 15.81% | 8.49% |
| Morningstar Large Cap Growth Peer Group Average | 9.99% | 14.09% | 7.67% |
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment 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 data current to the most recent month end may be obtained by calling 1.800.442.8299..
The Fund's comparative benchmark is "The Russell 1000 Growth Index" which is an unmanaged, market-capitalization-weighted total return index comprised of securities in the Russell 1000 Index with greater than average growth orientation. This unmanaged index is a total return index with dividends reinvested. The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies. Each Morningstar category average reflects a universe of funds with similar investment objectives. One cannot invest directly in an index.
Morningstar Ratings measure risk-adjusted returns. The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar rating metrics.
© 2014 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ (based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)
The highest or most favorable Morningstar percentile rank is 1 and the lowest percentile rank is 100. The top-performing fund in a category will always receive a rank of 1. Various rating agencies categorize funds differently.
Free Cash Flow Yield is an overall return evaluation which consists of the free cash flow per share divided by share price.
Glenmede Investment Management LP is the investment advisor to the Glenmede Funds which are distributed by Quasar Distributors, LLC.
Contact Information:
CONTACT:
Alex Dalgliesh
Braithwaite Communications
215-564-3200x116
adalgliesh@gobraithwaite.com