Is Glenmede Large Cap Growth Fund (GTLLX) a Strong Mutual Fund Pick Right Now?

view original post

Any investors hoping to find a Mutual Fund Equity Report fund could think about starting with Glenmede Large Cap Growth Fund (GTLLX). GTLLX possesses a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.

History of Fund/Manager

Glenmede is based in Philadelphia, PA, and is the manager of GTLLX. Since Glenmede Large Cap Growth Fund made its debut in March of 2004, GTLLX has garnered more than $1.39 billion in assets. The fund’s current manager is a team of investment professionals.

Performance

Investors naturally seek funds with strong performance. This fund has delivered a 5-year annualized total return of 14.56%, and it sits in the middle third among its category peers. If you’re interested in shorter time frames, do not dismiss looking at the fund’s 3-year annualized total return of 13.9%, which places it in the middle 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. GTLLX’s standard deviation over the past three years is 18.99% compared to the category average of 17.18%. Looking at the past 5 years, the fund’s standard deviation is 16.84% compared to the category average of 15.36%. This makes the fund more volatile than its peers over the past half-decade.

Risk Factors

Investors should note that the fund has a 5-year beta of 1, so it is likely going to be as volatile as the market at large. Because alpha represents a portfolio’s performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. GTLLX has generated a positive alpha over the past five years of 0.95, demonstrating that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

Holdings

Examining 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 principally on equities that are traded in the United States.

As of the last filing date, the mutual fund has 83.86% of its assets in stocks, with an average market capitalization of $240.11 billion. The fund has the heaviest exposure to the following market sectors:

  1. Technology

  2. Retail Trade

With turnover at about 49%, this fund makes fewer trades than comparable funds.

Expenses

For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, GTLLX is a no load fund. It has an expense ratio of 0.85% compared to the category average of 0.99%. GTLLX is actually cheaper than its peers when you consider factors like cost.

While the minimum initial investment for the product is $0, investors should also note that there is no minimum for each subsequent investment.

Bottom Line

Overall, Glenmede Large Cap Growth Fund ( GTLLX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, Glenmede Large Cap Growth Fund ( GTLLX ) looks like a great potential choice for investors right now.

Don’t stop here for your research on Mutual Fund Equity Report funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare GTLLX to its peers as well for additional information. For analysis of the rest of your portfolio, make sure to visit Zacks.com for our full suite of tools which will help you investigate all of your stocks and funds in one place.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Get Your Free (GTLLX): Fund Analysis Report
 
To read this article on Zacks.com click here.

Related Posts