4 / 5 Stars
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Standard & Poor's
5 / 5 Stars
#38 in Large Growth
U.S. News evaluated 465 Large Growth Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 28.27 percent over the past year, 15.99 percent over the past three years, and 24.08 percent over the past five years.
|Trailing Returns||Updated 03.31.2014|
|Year to date||3.7%|
|3 Years (Annualized)||16.0%|
|5 Years (Annualized)||24.1%|
|10 Years (Annualized)||9.3%|
Glenmede Large Cap Growth is a steady performer.
As of April 22, 2014, the fund has assets totaling almost $270.34 million invested in 80 different holdings. Its portfolio consists primarily of shares of large and midsized companies.
Since this fund’s 2004 launch, it has consistently put together above-average numbers. With the exception of 2007, it has finished every full year in the top half of Morningstar’s large-growth category. On a relative basis, the fund’s best year was last year, when it beat both the S&P 500 and the average for its Morningstar peer group by upwards of 7 percentage points thanks in part to solid performances by Apple and Broadcom Corporation. While technically a large-growth product, the fund is also heavily invested in mid-cap companies, which as of the end of October 2010 accounted for upwards of 40 percent of its portfolio. PetSmart, Herbalife, and Akamai Technologies are examples of mid-cap names that enjoy prominent spots in the fund’s portfolio. This focus on smaller companies can hurt in years like 2008 when sour markets punish the lower end of the market capitalization spectrum the hardest. The fund has returned 28.27 percent over the past year, 15.99 percent over the past three years, and 24.08 percent over the past five years.
Investment strategy: According to the fund’s prospectus: “The Advisor uses proprietary multi-factor computer models to select stocks that the models identify as having revenue and earnings growth potential with reasonable valuations. These computer models rank securities based on certain criteria, including valuation ratios, profitability and earnings-related measures.”
Role in Portfolio
This fund could lend support to a well-balanced portfolio.
Vladimir de Vassal and Paul Sullivan manage the fund.
Glenmede Large Cap Growth Fund has an expense ratio of 0.87 percent.
Like all stock funds, this one comes with some risks.