NOVIX – Glenmede Global Secured Options Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks long-term capital appreciation and option premiums consistent with reasonable risk to principal. Under normal market circumstances, the Portfolio uses option writing strategies in an effort to obtain option premiums and reduce risk. At least 80% of the value of the fund's net assets (including borrowings for investment purposes) will be subject to secured option strategies, which are written covered call and/or secured put options.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
NOVIX	Glenmede Global Secured Options Portfolio	No Load	Open			Sep 28, 2012	$25.60M	1.020%	Below Average	$0	$11.38M
NOVLX	Glenmede Global Secured Options Portfolio - Institutional Shares	Institutional	Open			May 12, 2025	$2.48M	0.820%	Below Average	$500,000	$91,921.55

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