Is the Glenmede Large Cap Core Portfolio (GTLOX) currently a smart choice for mutual funds?

IIf you have been stuck on finding funds to report on mutual fund stocks, you may want to consider going through Glenmed’s Large Cap Core Portfolio (GTLOX) as a possibility. GTLOX has a Zacks Mutual Fund Rank of 4 (Sell), which is based on nine forecasting factors such as size, cost, and past performance.

Fund History / Manager

Glenmede is based in Philadelphia, PA, and is the Director of GTLOX. Since Glenmede Large Cap Core Portfolio debuted in March 2004, GTLOX has garnered over $ 1.20 billion in assets. The fund is currently managed by a team of investment professionals.

Performance

Of course, investors look for strong performance in funds. This fund has a 5-year total annualized return of 12.92% and is in the bottom third of its category. Investors who prefer to analyze shorter time frames should look at its 3-year annualized total return of 12.57%, which puts it in the bottom third over that time frame.

When examining the performance of a fund, it is also important to note the standard deviation of returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, GTLOX’s standard deviation stands at 20.67%, compared to the category average of 16.82%. Over the past 5 years, the fund’s standard deviation is 16.87% compared to the category average of 14.1%. This makes the fund more volatile than its peers over the past five years.

Risk factors

Investors should note that the fund has a 5-year beta of 1.06, which means it is hypothetically more volatile than the market as a whole. Since alpha represents the performance of a portfolio on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, it is worth paying attention to this metric as well. GTLOX has generated negative alpha over the past five years of -4.99, showing that managers in this portfolio have difficulty selecting stocks that generate higher returns than the benchmark.

Holdings

Exploring the stock holdings of a mutual fund is also a valuable exercise. This can show us how the manager applies his stated methodology, as well as whether there are inherent biases in his approach. For this particular fund, the focus is primarily on stocks traded in the United States.

This fund currently owns around 93.25% of equities, with an average market capitalization of $ 183 billion. The fund has the most exposure to the following market sectors:

  1. Technology
  2. Finance
  3. Retail business

Expenses

For investors, it is essential to take a closer look at the parameters related to costs, as costs are increasingly important for investments in mutual funds. Competition is intensifying in this space, and a lower-cost product is likely to outperform its otherwise identical counterpart, all other things being equal. In terms of fees, GTLOX is a no-load fund. It has an expense ratio of 0.87% compared to the category average of 1.01%. From a cost perspective, GTLOX is actually less expensive than its peers.

Investors should also note that the minimum initial investment for the product is $ 0 and that each subsequent investment has no minimum amount.

Final result

Overall, Glenmed’s Large Cap Core Portfolio (GTLOX) ranks low as a Zacks mutual fund, and in conjunction with its comparatively poor performance, medium downside risk, and lower fees, this fund seems like a choice. somewhat low for investors at this time.

Do not stop here for your research on Mutual Fund Equity Report funds. We also have a lot more on our site to help you find the best possible fund for your portfolio. Be sure to check out www.zacks.com/funds/mutual-funds for more information on the world of funds, and feel free to compare GTLOX to its peers for more. Want to know more ? We have a comprehensive suite of equity tools you can use to find the best choices for your portfolio, no matter what type of investor you are.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Dolores W. Simon