Glenmede Global Secured Options (NOVIX)
| Fund Assets | 26.78M |
| Expense Ratio | 1.02% |
| Min. Investment | $1,000 |
| Turnover | 117.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 4.69% |
| Dividend Growth | -73.03% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | n/a |
| Previous Close | 6.14 |
| YTD Return | 13.12% |
| 1-Year Return | 27.55% |
| 5-Year Return | 65.19% |
| 52-Week Low | 5.07 |
| 52-Week High | 6.19 |
| Beta (5Y) | 0.58 |
| Holdings | 13 |
| Inception Date | Sep 28, 2012 |
About NOVIX
Glenmede Fund, Inc: Global Secured Options Portfolio Advisor Shares is a mutual fund designed to provide underlying exposure to international developed market equities while strategically managing risk through options strategies. The fund primarily employs covered call and cash-secured put writing on global equities, stock index ETFs, and indices, aiming to generate option premium income and temper portfolio volatility. Notably, the portfolio is structured to ensure at least 80% of its net assets are involved in secured option strategies, with a minimum allocation of 40% to assets outside the United States, enhancing global diversification. This approach facilitates a balance between capturing upside potential and providing downside risk management, appealing to investors seeking more stable returns and reduced portfolio drawdowns. Managed by experienced professionals utilizing proprietary quantitative models, the fund actively compares various strike and expiration combinations to optimize risk-return trade-offs. Its benchmark is the MSCI All Country World Index, highlighting its global equity focus. Through this innovative use of options, the fund aims to smooth returns over time and serve as a diversifying component in a broader asset allocation strategy.
Performance
NOVIX had a total return of 27.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 26.57%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| NOVLX | - Institutional Shares | 0.82% |
Top 10 Holdings
115.92% of assets| Name | Symbol | Weight |
|---|---|---|
| Options Clearing Corp. - S+P 500 INDEX | n/a | 61.73% |
| Vanguard FTSE All-World ex-US Index Fund | VEU | 17.78% |
| iShares MSCI Emerging Markets ETF | EEM | 17.01% |
| iShares Core MSCI Emerging Markets ETF | IEMG | 6.03% |
| Goldman Sachs Asset Management - Goldman Sachs Financial Square Treasury Obligations Fund | FGAXX | 5.97% |
| Options Clearing Corp. - S+P 500 INDEX | n/a | 4.03% |
| United States Treasury - U.S. Treasury Bills | B.0 06.09.26 | 3.34% |
| Fixed Income Clearing Corp. - FIXED INC CLEARING CORP.REPO | n/a | 0.15% |
| Options Clearing Corp. - RUSSELL 2000 INDEX | n/a | -0.05% |
| Options Clearing Corp. - ISHARES MSCI EMERGING MARKETS | n/a | -0.07% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 1, 2026 | $0.0041 | Jul 6, 2026 |
| Apr 1, 2026 | $0.0084 | Apr 6, 2026 |
| Dec 30, 2025 | $0.0178 | Dec 31, 2025 |
| Dec 15, 2025 | $0.2577 | Dec 16, 2025 |
| Jul 2, 2025 | $0.0058 | Jul 7, 2025 |
| Apr 2, 2025 | $0.0068 | Apr 7, 2025 |