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Name

As of 06/28/2024

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

Muni Intermediate Portfolio

GTCMX | Fund

$10.42

$314 M

2.67%

$0.28

0.25%

Vitals

YTD Return

-0.4%

1 yr return

2.7%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

0.5%

Net Assets

$314 M

Holdings in Top 10

14.5%

52 WEEK LOW AND HIGH

$10.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 31.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/28/2024

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

Muni Intermediate Portfolio

GTCMX | Fund

$10.42

$314 M

2.67%

$0.28

0.25%

GTCMX - Profile

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.45%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Muni Intermediate Portfolio
  • Fund Family Name
    GLENMEDEFU
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    J. Wilson

Fund Description

Under normal market circumstances, the Portfolio will invest at least 80% of the value of its net assets (including borrowings for investment purposes) in intermediate and long-term obligations of the states, territories and possessions of the United States, the District of Columbia and their political subdivisions, agencies, instrumentalities and authorities that pay interest that is exempt from regular Federal income tax but, in certain instances, may be subject to Federal alternative minimum tax. The Federal alternative minimum tax is a Federal income tax imposed on non-corporate taxpayers calculated separately from the regular Federal income tax. It is designed to prevent non-corporate taxpayers from using certain deductions and credits (called tax-preference items) to pay little or no taxes. Certain private activity bonds pay interest that may be treated as a tax-preference item under the Federal alternative minimum tax. To the extent that the Portfolio invests in private activity bonds, a portion of the Portfolio’s dividends may be subject to Federal
income tax for shareholders subject to Federal alternative minimum tax. The Portfolio may also invest in obligations issued or guaranteed by the U.S. Government, its agencies and instrumentalities. The Portfolio expects to maintain a dollar-weighted average maturity of 3 to 10 years. The Portfolio purchases municipal obligations that the Advisor believes have the best value compared to securities of similar credit quality and maturity range. The Portfolio generally sells municipal obligations for a number of reasons, including a change in credit quality, to extend maturity, to increase yield or to raise funds to cover redemptions.
The Portfolio will invest in securities that are rated at the time of purchase within the three highest ratings assigned by Moody’s Investors Services. Inc. (“Moody’s”) (i.e., Aaa, Aa, A) or (AAA, AA, A) in the case of bonds, or rated SP-1 or higher by S&P Global Ratings (“S&P”) or MIG-2 or higher by Moody’s in the case of notes. The Portfolio may invest in unrated securities if they are determined to be of comparable quality at the time of purchase. If a portfolio security’s rating is reduced to below the above levels, the Advisor will dispose of the security in an orderly fashion as soon as practicable.
Read More

GTCMX - Performance

Return Ranking - Trailing

Period GTCMX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -3.5% 18.7% 88.89%
1 Yr 2.7% -2.9% 30.6% 81.99%
3 Yr -1.0%* -11.4% 2.9% 42.70%
5 Yr 0.5%* -6.6% 1101.7% 66.55%
10 Yr 1.4%* -0.6% 248.3% 68.11%

* Annualized

Return Ranking - Calendar

Period GTCMX Return Category Return Low Category Return High Rank in Category (%)
2025 2.0% -1.4% 41.0% 73.22%
2024 -6.6% -39.7% 0.3% 14.46%
2023 -1.9% -5.6% 6.9% 97.27%
2022 1.4% -2.6% 310.0% 63.15%
2021 2.8% 0.0% 26.0% 81.15%

Total Return Ranking - Trailing

Period GTCMX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -3.5% 18.7% 88.89%
1 Yr 2.7% -2.9% 30.6% 81.99%
3 Yr -1.0%* -11.4% 2.9% 42.70%
5 Yr 0.5%* -6.6% 1101.7% 66.55%
10 Yr 1.4%* -0.6% 248.3% 68.11%

* Annualized

Total Return Ranking - Calendar

Period GTCMX Return Category Return Low Category Return High Rank in Category (%)
2025 4.5% -1.3% 41.0% 75.50%
2024 -6.6% -39.7% 1.1% 22.72%
2023 0.0% -4.8% 23761504.0% 86.30%
2022 3.7% -1.5% 17057.9% 52.48%
2021 5.2% 0.2% 3514.6% 77.30%

NAV & Total Return History

GTCMX - Holdings

Concentration Analysis

GTCMX Category Low Category High GTCMX % Rank
Net Assets 314 M 3.22 M 71.9 B 59.10%
Number of Holdings 166 2 13203 68.49%
Net Assets in Top 10 45.8 M -317 M 3.56 B 67.77%
Weighting of Top 10 14.54% 1.4% 100.2% 65.67%

Top 10 Holdings

  1. WISCONSIN ST HLTH EDUCTNL FACS AUTH REVENUE 1.86%
  2. CALIFORNIA ST 1.61%
  3. WASHINGTON ST 1.60%
  4. DIST OF COLUMBIA INCOME TAX SECURED REVENUE 1.55%
  5. OREGON ST DEPT OF TRANSPRTN HIGHWAY USER TAX REVENUE 1.53%
  6. NEW YORK NY 1.32%
  7. LOS ANGELES CA UNIF SCH DIST 1.31%
  8. VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED 1.30%
  9. N TX TOLLWAY AUTH REVENUE 1.28%
  10. SALT RIVER AZ PROJ AGRIC IMPT PWR DIST ELEC SYS REVENUE 1.19%

Asset Allocation

Weighting Return Low Return High GTCMX % Rank
Bonds 		99.05% 0.00% 150.86% 40.32%
Cash 		0.95% -50.86% 46.80% 58.54%
Stocks 		0.00% 0.00% 100.23% 82.60%
Preferred Stocks 		0.00% 0.00% 0.56% 80.05%
Other 		0.00% -3.18% 33.35% 77.71%
Convertible Bonds 		0.00% 0.00% 0.93% 79.97%

Bond Sector Breakdown

Weighting Return Low Return High GTCMX % Rank
Municipal 		97.96% 44.39% 100.00% 55.77%
Derivative 		0.00% -3.18% 19.67% 75.44%
Cash & Equivalents 		0.00% 0.00% 46.24% 92.01%
Securitized 		0.00% 0.00% 5.93% 79.06%
Corporate 		0.00% 0.00% 9.41% 83.89%
Government 		0.00% 0.00% 52.02% 83.11%

Bond Geographic Breakdown

Weighting Return Low Return High GTCMX % Rank
US 		99.05% 0.00% 142.23% 38.40%
Non US 		0.00% 0.00% 23.89% 81.74%

GTCMX - Expenses

Operational Fees

GTCMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.01% 20.65% 96.16%
Management Fee 0.00% 0.00% 1.20% 1.10%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.01% 0.44% 95.33%

Sales Fees

GTCMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

GTCMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

GTCMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.00% 283.00% 80.71%

GTCMX - Distributions

Dividend Yield Analysis

GTCMX Category Low Category High GTCMX % Rank
Dividend Yield 2.67% 0.00% 14.51% 57.79%

Dividend Distribution Analysis

GTCMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

GTCMX Category Low Category High GTCMX % Rank
Net Income Ratio 1.45% -0.53% 5.33% 73.70%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GTCMX - Fund Manager Analysis

Managers

J. Wilson

Start Date

Tenure

Tenure Rank

Mar 26, 2020

2.18

2.2%

Mr. Daly has been employed by the Advisor and Glenmede Trust as the Director of Fixed Income since September 2018. Prior to that time, Mr. Daly served as a senior portfolio manager for U.S. and global fixed income strategies at BlackRock Financial Management, Inc. Mr. Wilson has been employed by the Advisor since September 2011. Prior to that time, Mr. Wilson served as a bond trader for AllianceBernstein Holding L.P.

Robert Daly

Start Date

Tenure

Tenure Rank

Mar 26, 2020

2.18

2.2%

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
0.08 35.05 7.36 1.58

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