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Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Core Fixed Income Portfolio

GTCGX | Fund

$9.13

$382 M

0.00%

0.55%

Vitals

YTD Return

-3.4%

1 yr return

-1.5%

3 Yr Avg Return

-4.2%

5 Yr Avg Return

-0.9%

Net Assets

$382 M

Holdings in Top 10

30.7%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 24.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Core Fixed Income Portfolio

GTCGX | Fund

$9.13

$382 M

0.00%

0.55%

GTCGX - Profile

Distributions

  • YTD Total Return -3.4%
  • 3 Yr Annualized Total Return -4.2%
  • 5 Yr Annualized Total Return -0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.27%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Core Fixed Income Portfolio
  • Fund Family Name
    GLENMEDEFU
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stephen Mahoney

Fund Description

Under normal market circumstances, at least 80% of the value of the Portfolio’s net assets (including borrowings for investment purposes) will be invested in fixed income securities.
The Portfolio invests primarily in mortgage-backed securities and fixed-income securities issued or guaranteed by theU.S. Treasury, U.S. Government agencies or other agencies or instrumentalities sponsored by the U.S. Government (collectively, “U.S. Government Securities”) and in debt obligations of domestic and foreign companies. Debt obligations of companies or other entities guaranteed by the U.S. Government, its agencies or instrumentalities are considered by the Portfolio to be obligations of the guarantor. The Portfolio may also invest in privately issued mortgage-backed securities and enter into repurchase agreements collateralized by U.S. Government securities and reverse repurchase agreements. Under normal circumstances, at least 50% of the value of the Portfolio’s net assets (including borrowings for investment purposes) will be invested in U.S. Government Securities and repurchase agreements collateralized by U.S. Government Securities. The Portfolio expects to maintain a dollar-weighted average maturity of 3 to 10 years. Such securities will be rated at least A- by S&P Global Ratings (“S&P”) or A3 by Moody’s
Investors Service, Inc. (“Moody’s”) and if unrated, determined to be of comparable quality at the time of purchase. If a portfolio security’s rating is reduced to below the above levels, Glenmede Investment Management LP (the “Advisor”) will dispose of the security in an orderly fashion as soon as practicable.
The Advisor purchases securities that it believes have potential for higher returns than other securities with similar characteristics and risk, considering factors such as maturity, coupon, credit and any prepayment options. The Advisor will generally sell a security for a number of reasons, including when the expected performance has been realized or to purchase another security with similar characteristics and risk but that the Advisor believes has a higher expected return.
Read More

GTCGX - Performance

Return Ranking - Trailing

Period GTCGX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.4% -12.9% 2.8% 76.09%
1 Yr -1.5% -10.7% 10.3% 88.06%
3 Yr -4.2%* -11.2% 24.8% 77.23%
5 Yr -0.9%* -7.0% 190.6% 91.15%
10 Yr 0.6%* -2.6% 73.4% 85.74%

* Annualized

Return Ranking - Calendar

Period GTCGX Return Category Return Low Category Return High Rank in Category (%)
2023 1.9% -16.2% 8.1% 58.96%
2022 -15.2% -34.7% 131.9% 25.84%
2021 -4.4% -11.6% 4.4% 87.26%
2020 2.7% -10.1% 946.1% 72.01%
2019 5.5% -1.7% 16.9% 52.92%

Total Return Ranking - Trailing

Period GTCGX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.4% -12.9% 2.8% 76.09%
1 Yr -1.5% -10.7% 10.3% 88.06%
3 Yr -4.2%* -11.2% 24.8% 77.23%
5 Yr -0.9%* -7.0% 190.6% 91.15%
10 Yr 0.6%* -2.6% 73.4% 85.74%

* Annualized

Total Return Ranking - Calendar

Period GTCGX Return Category Return Low Category Return High Rank in Category (%)
2023 4.7% -11.3% 11.0% 88.94%
2022 -13.5% -32.2% 131.9% 46.19%
2021 -2.5% -9.4% 9.2% 94.37%
2020 6.5% -1.9% 1009.0% 84.85%
2019 7.9% 1.1% 21668.0% 75.72%

NAV & Total Return History

GTCGX - Holdings

Concentration Analysis

GTCGX Category Low Category High GTCGX % Rank
Net Assets 382 M 2.9 M 314 B 69.68%
Number of Holdings 98 1 17889 94.79%
Net Assets in Top 10 118 M -106 M 36.5 B 66.86%
Weighting of Top 10 30.69% 4.4% 134.1% 30.76%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 5.47%
  2. Federal National Mortgage Association 3.55%
  3. Freddie Mac Pool 3.13%
  4. Fannie Mae Pool 3.06%
  5. Federal Home Loan Banks 2.91%
  6. Fannie Mae Pool 2.74%
  7. Fannie Mae Pool 2.63%
  8. U.S. Treasury Notes 2.47%
  9. Archer-Daniels-Midland Co 2.39%
  10. Freddie Mac Pool 2.34%

Asset Allocation

Weighting Return Low Return High GTCGX % Rank
Bonds 		98.56% 0.00% 215.98% 29.24%
Cash 		5.47% -54.51% 79.52% 26.75%
Other 		0.81% -13.23% 50.66% 70.80%
Stocks 		0.00% 0.00% 99.93% 35.82%
Preferred Stocks 		0.00% 0.00% 74.68% 31.76%
Convertible Bonds 		0.00% 0.00% 7.93% 86.44%

Bond Sector Breakdown

Weighting Return Low Return High GTCGX % Rank
Government 		35.10% 0.00% 86.23% 28.71%
Securitized 		33.85% 0.00% 98.40% 36.34%
Corporate 		29.08% 0.00% 100.00% 52.28%
Cash & Equivalents 		5.47% 0.00% 76.23% 26.65%
Derivative 		0.00% -3.37% 50.66% 52.80%
Municipal 		0.00% 0.00% 100.00% 73.86%

Bond Geographic Breakdown

Weighting Return Low Return High GTCGX % Rank
US 		98.56% 0.00% 215.98% 26.55%
Non US 		0.00% 0.00% 39.04% 40.61%

GTCGX - Expenses

Operational Fees

GTCGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.01% 39.10% 65.11%
Management Fee 0.35% 0.00% 1.76% 43.79%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.01% 0.50% 87.06%

Sales Fees

GTCGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GTCGX 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.

GTCGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 2.00% 493.39% 4.73%

GTCGX - Distributions

Dividend Yield Analysis

GTCGX Category Low Category High GTCGX % Rank
Dividend Yield 0.00% 0.00% 9.89% 90.19%

Dividend Distribution Analysis

GTCGX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

GTCGX Category Low Category High GTCGX % Rank
Net Income Ratio 1.27% -1.28% 4.79% 77.15%

Capital Gain Distribution Analysis

GTCGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

GTCGX - Fund Manager Analysis

Managers

Stephen Mahoney

Start Date

Tenure

Tenure Rank

Jan 31, 1999

23.35

23.4%

Stephen J. Mahoney, Portfolio Manager of Glenmede Investment Management LP. Mr. Mahoney has been employed by Glenmede Investment Management LP and its predecessors as a portfolio manager since January 1999. Prior to that, Mr. Mahoney had been a portfolio manager at 1838 Investment Advisors from 1997 to 1999, and a portfolio manager and senior fixed income trader at The Vanguard Group from 1995 to 1997.

Robert Daly

Start Date

Tenure

Tenure Rank

Feb 28, 2021

1.25

1.3%

Robert Daly is Glenmede’s Director of Fixed Income. He is responsible for the management of over $4 billion of tax-exempt and taxable fixed income strategies for institutions, consultants and private clients. Mr. Daly works closely with a team of traders, portfolio managers, credit analysts and other professionals to broaden exposure to GIM’s fixed income suite. He also serves as a member of GTC’s Investment Policy Committee. Prior to joining Glenmede, Mr. Daly served as a Senior Portfolio Manager for U.S. and global fixed income strategies at BlackRock in New York. In this role, he was instrumental in establishing and managing a team responsible for asset allocation development, portfolio construction, risk budgeting and formulating investment process. Previously, Mr. Daly managed multi- sector and investment grade credit fixed income portfolios for institutional clients. Mr. Daly earned a Master of Business Administration degree in finance and accounting from Columbia University and his Bachelor of Arts degree in government from Dartmouth College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.81 1.16

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