Glenmede Global Secured Options Instl (NOVLX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

6.33

0.00 (0.00%)

At close: Oct 15, 2026

Fund Assets	27.90M
Expense Ratio	0.82%
Min. Investment	$500,000
Turnover	117.00%
Dividend (ttm)	0.04
Dividend Yield	0.60%
Dividend Growth	n/a
Payout Frequency	Quarterly
Ex-Dividend Date	Jul 1, 2026

Previous Close	6.33
YTD Return	n/a
1-Year Return	n/a
5-Year Return	n/a
52-Week Low	5.35
52-Week High	6.43
Beta (5Y)	n/a
Holdings	13
Inception Date	n/a

About NOVLX

The Glenmede Global Secured Options Portfolio - Institutional Shares is a mutual fund focused on delivering long-term capital appreciation and steady option premiums while maintaining reasonable risk to principal. Its central strategy involves investing in a diversified basket of global equities—primarily international developed market stocks—supplemented by writing covered call and cash-secured put options. This dual approach aims to enhance risk-adjusted returns beyond those of the MSCI All Country World Index, its designated benchmark. Distinctively, the fund continuously manages and optimizes its options exposure, using proprietary quantitative models to select optimal contracts, strike prices (typically within 2% of index value), and expiration dates, spanning one week to three months. This process is designed to capture premium income and smooth overall returns through shifting markets. Sector exposure within the portfolio is broad, with notable allocations to industrials, energy, information technology, financials, and health care. The fund’s construction and disciplined options program provide both upside participation and downside risk management, making it a prominent example of equity-hedged strategies in the options-based mutual fund category.

Fund Family Glenmede

Category Options Trading

Performance Rating High

Risk Rating Above Average

Stock Exchange Nasdaq

Ticker Symbol NOVLX

Share Class - Institutional Shares

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
NOVIX	- Advisor Shares	1.02%

Top 10 Holdings

131.15% of assets

Name	Symbol	Weight
Options Clearing Corp. - S+P 500 INDEX	n/a	83.69%
Vanguard FTSE All-World ex-US Index Fund	VEU	18.22%
iShares MSCI Emerging Markets ETF	EEM	11.37%
United States Treasury - U.S. Treasury Bills	B.0 10.06.26	8.16%
iShares Core MSCI Emerging Markets ETF	IEMG	3.98%
Goldman Sachs Asset Management - Goldman Sachs Financial Square Treasury Obligations Fund	FGAXX	3.45%
Options Clearing Corp. - S+P 500 INDEX	n/a	2.27%
Fixed Income Clearing Corp. - FIXED INC CLEARING CORP.REPO	n/a	0.13%
Options Clearing Corp. - RUSSELL 2000 INDEX	n/a	-0.04%
Options Clearing Corp. - S+P 500 INDEX	n/a	-0.08%

View More Holdings

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 1, 2026	$0.0061	Jul 6, 2026
Apr 1, 2026	$0.0111	Apr 6, 2026
Dec 30, 2025	$0.0205	Dec 31, 2025
Dec 15, 2025	$0.2577	Dec 16, 2025
Jul 2, 2025	$0.0085	Jul 7, 2025

Full Dividend History