Quantitative U.S. Long/Short Equity Portfolio (GTAPX)
The investment seeks absolute return consistent with reasonable risk to principal. The fund normally invests at least 80% of the value of its net assets (including borrowings for investment purposes) in long and short positions with respect to equity securities, such as common stocks, of public companies tied economically to the U.S. It will invest in companies with market capitalizations, at the time of purchase, that are within the market capitalization range of any stock in the Russell 3000 Index.
Fund Info
| ISIN | US3786907622 |
|---|---|
| CUSIP | 378690762 |
| Issuer | Glenmede |
| Inception Date | Sep 28, 2006 |
| Category | Long-Short |
| Min. Investment | $0 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Value |
Expense Ratio
GTAPX has a high expense ratio of 1.25%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Quantitative U.S. Long/Short Equity Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Quantitative U.S. Long/Short Equity Portfolio had a return of 5.68% year-to-date (YTD) and 11.56% in the last 12 months. Over the past 10 years, Quantitative U.S. Long/Short Equity Portfolio had an annualized return of 3.67%, while the S&P 500 had an annualized return of 10.67%, indicating that Quantitative U.S. Long/Short Equity Portfolio did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.68% | 9.49% |
| 1 month | 1.17% | 1.20% |
| 6 months | 4.57% | 18.29% |
| 1 year | 11.56% | 26.44% |
| 5 years (annualized) | 5.16% | 12.64% |
| 10 years (annualized) | 3.67% | 10.67% |
Monthly Returns
The table below presents the monthly returns of GTAPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.12% | 1.19% | 2.06% | -1.39% | 5.68% | ||||||||
| 2023 | 0.07% | 1.21% | -0.14% | -0.64% | -1.85% | 4.28% | 1.41% | 0.28% | 1.10% | -0.21% | -1.17% | 0.12% | 4.42% |
| 2022 | 1.17% | -0.51% | -0.29% | -0.07% | 3.81% | -4.80% | 1.41% | -0.58% | -2.13% | 5.48% | 1.35% | -1.33% | 3.16% |
| 2021 | 1.73% | 0.42% | 4.74% | 0.24% | 3.55% | -1.40% | 0.95% | 2.50% | -1.07% | -0.31% | 0.70% | 4.61% | 17.72% |
| 2020 | -3.69% | -4.68% | -9.20% | 4.43% | 0.66% | 3.18% | 0.63% | 0.81% | -0.98% | -0.27% | 2.44% | 2.21% | -5.16% |
| 2019 | 4.19% | 1.05% | -2.87% | 0.55% | -3.93% | 2.73% | 0.77% | -3.63% | 1.97% | 0.16% | 2.44% | 0.16% | 3.26% |
| 2018 | 2.53% | -1.64% | -0.61% | -0.15% | -0.38% | -1.00% | 1.24% | 1.15% | -1.89% | -3.09% | -0.40% | -4.56% | -8.65% |
| 2017 | -0.75% | 1.01% | 0.75% | 0.58% | -0.41% | 1.81% | 0.57% | 0.16% | 2.01% | 1.18% | 0.78% | 0.77% | 8.74% |
| 2016 | -1.07% | 0.99% | 2.67% | -1.21% | -0.09% | -0.44% | 0.97% | -0.96% | 0.35% | -0.00% | 3.07% | 2.30% | 6.66% |
| 2015 | -0.71% | 1.70% | -0.26% | -1.68% | 1.26% | -0.44% | 1.34% | -3.17% | 0.36% | 2.54% | -0.00% | -0.53% | 0.27% |
| 2014 | -1.59% | 1.62% | 1.03% | 0.46% | 0.55% | -0.28% | -0.37% | -0.18% | -1.20% | 1.12% | 1.57% | 2.28% | 5.05% |
| 2013 | 1.81% | 0.73% | 2.07% | 1.02% | 1.41% | 0.00% | 2.78% | -2.03% | 1.97% | 1.45% | 1.33% | 0.47% | 13.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of GTAPX is 90, placing it in the top 10% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
GTAPX (Quantitative U.S. Long/Short Equity Portfolio)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Quantitative U.S. Long/Short Equity Portfolio (GTAPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Quantitative U.S. Long/Short Equity Portfolio granted a 11.16% dividend yield in the last twelve months. The annual payout for that period amounted to $1.54 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $1.54 | $1.48 | $0.00 | $0.00 | $0.00 | $0.12 |
Dividend yield | 11.16% | 11.23% | 0.00% | 0.00% | 0.00% | 0.96% |
Monthly Dividends
The table displays the monthly dividend distributions for Quantitative U.S. Long/Short Equity Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.15 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $1.18 | $1.48 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.01 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Quantitative U.S. Long/Short Equity Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Quantitative U.S. Long/Short Equity Portfolio was 30.40%, occurring on Mar 18, 2020. Recovery took 442 trading sessions.
The current Quantitative U.S. Long/Short Equity Portfolio drawdown is 0.01%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -30.4% | Jan 23, 2018 | 542 | Mar 18, 2020 | 442 | Dec 16, 2021 | 984 |
| -26.44% | May 21, 2007 | 452 | Mar 9, 2009 | 1055 | May 17, 2013 | 1507 |
| -7.91% | Jun 8, 2022 | 76 | Sep 26, 2022 | 107 | Mar 1, 2023 | 183 |
| -5.33% | Feb 25, 2015 | 127 | Aug 25, 2015 | 140 | Mar 16, 2016 | 267 |
| -5.18% | Jul 17, 2014 | 65 | Oct 16, 2014 | 32 | Dec 2, 2014 | 97 |
Volatility
Volatility Chart
The current Quantitative U.S. Long/Short Equity Portfolio volatility is 1.45%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.