Glenmede Global Secured Options Instl (NOVLX)
| Fund Assets | 26.78M |
| Expense Ratio | 0.82% |
| Min. Investment | $500,000 |
| Turnover | 117.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 4.80% |
| Dividend Growth | n/a |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jul 1, 2026 |
| Previous Close | 6.15 |
| YTD Return | n/a |
| 1-Year Return | n/a |
| 5-Year Return | n/a |
| 52-Week Low | 5.35 |
| 52-Week High | 6.19 |
| 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.
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 |