If you've been stuck searching for Mutual Fund Equity Report funds, you might want to consider passing on by Glenmede Large Cap Core Portfolio (GTLOX - Free Report) as a possibility. GTLOX bears a Zacks Mutual Fund Rank of 4 (Sell), which is based on nine forecasting factors like size, cost, and past performance.History of Fund/ManagerGlenmede is based in Philadelphia, PA, and is the manager of GTLOX. Glenmede Large Cap Core Portfolio debuted in March of 2004.
Since then, GTLOX has accumulated assets of about $964.28 million, according to the most recently available information. The fund is currently managed by a team of investment professionals.PerformanceObviously, what investors are looking for in these funds is strong performance relative to their peers. This fund has delivered a 5-year annualized total return of 7.1%, and is in the bottom third among its category peers.
Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 7.88%, which places it in the bottom third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. GTLOX's standard deviation over the past three years is 22.41% compared to the category average of 18.98%.
Looking at the past 5 years, the fund's standard deviation is 19.65% compared to the category average of 16.74%. This makes the fund more volatile than its peers over the past half-decade.Risk FactorsInvestors should note that the fund has a 5-year beta of 1.03, which means it is hypothetically as volatile as the market at large. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500.
GTLOX's 5-year performance has produced a negative alpha of -3.57, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.HoldingsExploring the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is mostly on equities that are traded in the United States.This fund is currently holding about 98.76% stock in stocks, which have an average market capitalization of $105.74 billion.
The fund has the heaviest exposure to the following market sectors: Technology Finance Industrial Cyclical With turnover at about 64%, this fund is making fewer trades than comparable funds.ExpensesCosts are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, GTLOX is a no load fund.
It has an expense ratio of 0.84% compared to the category average of 0.99%. GTLOX is actually cheaper than its peers when you consider factors like cost.This fund requires a minimum initial investment of $0, while there is no minimum for each subsequent investment.Bottom LineOverall, Glenmede Large Cap Core Portfolio ( GTLOX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively weak performance, average downside risk, and lower fees, Glenmede Large Cap Core Portfolio ( GTLOX ) looks like a somewhat weak choice for investors right now.For additional information on this product, or to compare it to other mutual funds in the Mutual Fund Equity Report, make sure to go to URL for additional information. If you want to check out our stock reports as well, make sure to go to Zacks.com to see all of the great tools we have to offer, including our time-tested Zacks Rank.