- What does GTSOX invest in?
- Under typical market conditions, the Portfolio is structured to dedicate at least 80% of its entire asset base—including capital acquired through borrowing for investment—to various secured options strategies. These strategies specifically encompass writing covered call options and/or secured put options. The underlying instruments for these options are stock index exchange-traded funds (ETFs), stock market indices, or individual shares that the Portfolio holds.
- What is the expense ratio of GTSOX?
- Glenmede Secured Options Portfolio (GTSOX) charges an expense ratio of 0.86%. This is the annual fee deducted from fund assets to cover management and operations.
- What is GTSOX's distribution yield?
- GTSOX's trailing-twelve-month yield is 14.85%, calculated from the sum of distributions over the past year divided by the current price.
- How does GTSOX's covered-call strategy work?
- GTSOX sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
- How big is GTSOX?
- Glenmede Secured Options Portfolio (GTSOX) manages $518.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is GTSOX actively managed or an index fund?
- GTSOX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
