Glenmede Global Secured Options Instl (NOVLX)

Fund Assets	27.28M
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	6.32
YTD Return	n/a
1-Year Return	n/a
5-Year Return	n/a
52-Week Low	5.35
52-Week High	6.32
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: 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

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	$0.0061	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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

Data Sources Report a data error