THE GLENMEDE FUND, INC.
Quantitative U.S. Large Cap Core Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — 99.8% | |||
Automobile Components — 1.8% | |||
258,148 | Gentex Corp. | $8,552,443 | |
40,660 | Lear Corp. | 5,403,714 | |
13,956,157 | |||
Banks — 2.3% | |||
112,862 | Comerica, Inc. | 5,934,284 | |
365,498 | Regions Financial Corp. | 6,823,847 | |
104,710 | Wells Fargo & Co. | 5,254,348 | |
18,012,479 | |||
Beverages — 0.8% | |||
102,379 | Molson Coors Beverage Co. Class B | 6,325,998 | |
Biotechnology — 5.1% | |||
49,081 | Amgen, Inc. | 15,424,195 | |
101,080 | Gilead Sciences, Inc. | 7,910,521 | |
36,842 | United Therapeutics Corp.1 | 7,912,924 | |
21,739 | Vertex Pharmaceuticals, Inc.1 | 9,421,248 | |
40,668,888 | |||
Broadline Retail — 1.5% | |||
192,224 | eBay, Inc. | 7,894,640 | |
208,602 | Macy’s, Inc. | 3,815,330 | |
11,709,970 | |||
Building Products — 2.5% | |||
237,648 | Carrier Global Corp. | 13,001,722 | |
44,613 | Owens Corning | 6,760,208 | |
19,761,930 | |||
Capital Markets — 3.7% | |||
157,506 | Bank of New York Mellon Corp. | 8,735,283 | |
58,912 | CME Group, Inc. | 12,126,446 | |
68,742 | Intercontinental Exchange, Inc. | 8,752,919 | |
29,614,648 | |||
Chemicals — 1.0% | |||
55,376 | PPG Industries, Inc. | 7,810,231 | |
Communications Equipment — 3.4% | |||
56,686 | Arista Networks, Inc.1 | 14,663,534 | |
240,792 | Cisco Systems, Inc. | 12,082,943 | |
26,746,477 | |||
Consumer Staples Distribution & Retail — 1.6% | |||
17,299 | Casey’s General Stores, Inc. | 4,694,257 | |
177,513 | U.S. Foods Holding Corp.1 | 8,167,373 | |
12,861,630 | |||
Containers & Packaging — 1.8% | |||
92,183 | Berry Global Group, Inc. | 6,034,299 | |
151,862 | Graphic Packaging Holding Co. | 3,874,000 | |
24,679 | Packaging Corp. of America | 4,093,752 | |
14,002,051 | |||
Distributors — 0.8% | |||
44,899 | Genuine Parts Co. | 6,296,187 | |
Diversified Telecommunication Services — 1.3% | |||
603,081 | AT&T, Inc. | 10,668,503 |
See Notes to Schedules of Portfolio Investments
1 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Large Cap Core Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Electric Utilities — 0.8% | |||
63,323 | Entergy Corp. | $6,317,102 | |
Electrical Equipment — 0.5% | |||
27,055 | AMETEK, Inc. | 4,384,263 | |
Electronic Equipment, Instruments & Components — 1.8% | |||
46,702 | Arrow Electronics, Inc.1 | 5,190,927 | |
70,917 | Jabil, Inc. | 8,885,191 | |
14,076,118 | |||
Energy Equipment & Services — 1.1% | |||
322,277 | Baker Hughes Co. Class A | 9,184,894 | |
Entertainment — 0.7% | |||
9,561 | Netflix, Inc.1 | 5,393,456 | |
Financial Services — 3.6% | |||
39,627 | FleetCor Technologies, Inc.1 | 11,489,056 | |
127,030 | PayPal Holdings, Inc.1 | 7,793,291 | |
15,940 | Visa, Inc. Class A | 4,355,764 | |
387,720 | Western Union Co. | 4,873,640 | |
28,511,751 | |||
Food Products — 2.0% | |||
181,338 | General Mills, Inc. | 11,770,650 | |
74,033 | Kellanova | 4,054,047 | |
15,824,697 | |||
Ground Transportation — 1.4% | |||
311,958 | CSX Corp. | 11,136,901 | |
Health Care Providers & Services — 6.1% | |||
126,428 | Centene Corp.1 | 9,521,293 | |
29,833 | Cigna Group | 8,978,241 | |
107,690 | CVS Health Corp. | 8,008,905 | |
28,142 | Elevance Health, Inc. | 13,886,389 | |
8,364 | McKesson Corp. | 4,181,080 | |
8,188 | UnitedHealth Group, Inc. | 4,190,127 | |
48,766,035 | |||
Hotel & Resort REITs — 0.5% | |||
195,507 | Host Hotels & Resorts, Inc. | 3,757,645 | |
Hotels, Restaurants & Leisure — 2.9% | |||
3,422 | Booking Holdings, Inc.1 | 12,002,563 | |
72,628 | Expedia Group, Inc.1 | 10,772,911 | |
22,775,474 | |||
Household Durables — 1.3% | |||
35,933 | Lennar Corp. Class A | 5,384,560 | |
52,090 | Toll Brothers, Inc. | 5,175,142 | |
10,559,702 | |||
Household Products — 1.1% | |||
53,825 | Procter & Gamble Co. | 8,458,060 | |
Insurance — 2.6% | |||
51,638 | Aflac, Inc. | 4,355,149 | |
52,471 | Hartford Financial Services Group, Inc. | 4,562,878 | |
35,936 | Marsh & McLennan Cos., Inc. | 6,965,834 |
See Notes to Schedules of Portfolio Investments
2 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Large Cap Core Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Insurance — (Continued) | |||
95,760 | Unum Group | $4,629,039 | |
20,512,900 | |||
Interactive Media & Services — 2.8% | |||
91,600 | Alphabet, Inc. Class A1 | 12,833,160 | |
23,347 | Meta Platforms, Inc. Class A1 | 9,108,599 | |
21,941,759 | |||
IT Services — 4.5% | |||
108,888 | Akamai Technologies, Inc.1 | 13,418,268 | |
94,782 | Amdocs Ltd. | 8,689,614 | |
117,231 | Cognizant Technology Solutions Corp. Class A | 9,040,854 | |
57,275 | Okta, Inc.1 | 4,733,779 | |
35,882,515 | |||
Machinery — 3.3% | |||
61,544 | PACCAR, Inc. | 6,178,402 | |
29,891 | Parker-Hannifin Corp. | 13,884,370 | |
21,500 | Snap-on, Inc. | 6,233,495 | |
26,296,267 | |||
Media — 4.0% | |||
304,057 | Comcast Corp. Class A | 14,150,813 | |
260,975 | Fox Corp. Class A | 8,429,493 | |
63,299 | Interpublic Group of Cos., Inc. | 2,088,234 | |
80,580 | Omnicom Group, Inc. | 7,282,820 | |
31,951,360 | |||
Metals & Mining — 0.6% | |||
39,346 | Steel Dynamics, Inc. | 4,748,669 | |
Multi-Utilities — 1.5% | |||
300,486 | NiSource, Inc. | 7,803,621 | |
69,122 | Public Service Enterprise Group, Inc. | 4,008,385 | |
11,812,006 | |||
Oil, Gas & Consumable Fuels — 3.5% | |||
90,786 | HF Sinclair Corp. | 5,128,501 | |
466,111 | Kinder Morgan, Inc. | 7,886,598 | |
89,446 | Marathon Petroleum Corp. | 14,812,258 | |
27,827,357 | |||
Personal Care Products — 0.5% | |||
195,818 | Kenvue, Inc. | 4,065,182 | |
Pharmaceuticals — 1.7% | |||
147,188 | Bristol-Myers Squibb Co. | 7,193,078 | |
190,356 | Perrigo Co. PLC | 6,106,620 | |
13,299,698 | |||
Semiconductors & Semiconductor Equipment — 5.2% | |||
59,075 | Applied Materials, Inc. | 9,706,022 | |
23,413 | KLA Corp. | 13,908,259 | |
33,972 | NXP Semiconductors NV | 7,153,484 | |
148,108 | ON Semiconductor Corp.1 | 10,534,922 | |
41,302,687 | |||
Software — 8.9% | |||
19,953 | Adobe, Inc.1 | 12,326,564 | |
115,832 | DocuSign, Inc.1 | 7,056,486 |
See Notes to Schedules of Portfolio Investments
3 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Large Cap Core Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Software — (Continued) | |||
452,944 | Dropbox, Inc. Class A1 | $14,349,266 | |
218,385 | Fortinet, Inc.1 | 14,083,649 | |
486,444 | UiPath, Inc. Class A1 | 11,178,483 | |
16,549 | Workday, Inc. Class A1 | 4,816,917 | |
111,871 | Zoom Video Communications, Inc. Class A1 | 7,227,985 | |
71,039,350 | |||
Specialized REITs — 2.4% | |||
13,269 | Equinix, Inc. | 11,010,218 | |
75,889 | Lamar Advertising Co. Class A | 7,944,061 | |
18,954,279 | |||
Specialty Retail — 3.3% | |||
57,584 | Dick’s Sporting Goods, Inc. | 8,584,047 | |
60,468 | Ross Stores, Inc. | 8,482,451 | |
97,916 | TJX Cos., Inc. | 9,293,207 | |
26,359,705 | |||
Technology Hardware, Storage & Peripherals — 3.0% | |||
709,260 | Hewlett Packard Enterprise Co. | 10,844,585 | |
316,854 | Pure Storage, Inc. Class A1 | 12,670,992 | |
23,515,577 | |||
Textiles, Apparel & Luxury Goods — 0.6% | |||
78,953 | Skechers USA, Inc. Class A1 | 4,929,825 | |
TOTAL COMMON STOCKS (Cost $581,643,217) | 792,020,383 | ||
Face Amount | |||
REPURCHASE AGREEMENT* — 0.3% | |||
$2,221,487 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $2,221,586, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $1,847,100, coupon rate of 0.125%, due 7/15/26, market value of $2,265,923) | 2,221,487 | |
TOTAL REPURCHASE AGREEMENT (Cost $2,221,487) | 2,221,487 | ||
TOTAL INVESTMENTS (Cost $583,864,704) | 100.1% | $794,241,870 | |
LIABILITIES IN EXCESS OF OTHER ASSETS | (0.1) | (456,065) | |
NET ASSETS | 100.0% | $793,785,805 |
* | Percentages indicated are based on net assets. |
1 | Non income-producing security. |
See Notes to Schedules of Portfolio Investments
4 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Large Cap Growth Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — 99.9% | |||
Air Freight & Logistics — 0.7% | |||
81,675 | Expeditors International of Washington, Inc. | $10,318,003 | |
Beverages — 1.2% | |||
286,097 | Coca-Cola Co. | 17,019,911 | |
Biotechnology — 6.6% | |||
57,693 | AbbVie, Inc. | 9,484,729 | |
26,209 | Amgen, Inc. | 8,236,440 | |
47,061 | Regeneron Pharmaceuticals, Inc.1 | 44,368,170 | |
79,437 | Vertex Pharmaceuticals, Inc.1 | 34,426,407 | |
96,515,746 | |||
Broadline Retail — 1.6% | |||
567,879 | eBay, Inc. | 23,322,791 | |
Building Products — 1.5% | |||
88,611 | Trane Technologies PLC | 22,334,403 | |
Capital Markets — 0.6% | |||
67,617 | Intercontinental Exchange, Inc. | 8,609,673 | |
Chemicals — 1.5% | |||
439,605 | Axalta Coating Systems Ltd.1 | 14,251,994 | |
49,318 | PPG Industries, Inc. | 6,955,811 | |
21,207,805 | |||
Communications Equipment — 3.0% | |||
169,527 | Arista Networks, Inc.1 | 43,853,244 | |
Consumer Staples Distribution & Retail — 1.1% | |||
192,681 | Sysco Corp. | 15,593,673 | |
Diversified Consumer Services — 0.5% | |||
161,241 | H&R Block, Inc. | 7,552,528 | |
Electronic Equipment, Instruments & Components — 9.2% | |||
410,946 | Amphenol Corp. Class A | 41,546,641 | |
134,313 | CDW Corp. | 30,451,443 | |
305,168 | Jabil, Inc. | 38,234,499 | |
152,701 | Keysight Technologies, Inc.1 | 23,402,955 | |
133,635,538 | |||
Energy Equipment & Services — 0.5% | |||
214,656 | Halliburton Co. | 7,652,486 | |
Entertainment — 3.8% | |||
70,871 | Netflix, Inc.1 | 39,979,040 | |
40,040 | Spotify Technology SA1 | 8,622,614 | |
599,421 | Warner Bros Discovery, Inc.1 | 6,006,198 | |
54,607,852 | |||
Financial Services — 4.7% | |||
113,303 | Fiserv, Inc.1 | 16,074,297 | |
247,115 | PayPal Holdings, Inc.1 | 15,160,505 | |
137,998 | Visa, Inc. Class A | 37,709,333 | |
68,944,135 | |||
Health Care Providers & Services — 4.5% | |||
57,361 | Elevance Health, Inc. | 28,304,212 | |
55,377 | Humana, Inc. | 20,935,829 | |
32,403 | UnitedHealth Group, Inc. | 16,581,911 | |
65,821,952 |
See Notes to Schedules of Portfolio Investments
5 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Large Cap Growth Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Hotels, Restaurants & Leisure — 3.7% | |||
83,209 | Airbnb, Inc. Class A1 | $11,993,745 | |
7,873 | Booking Holdings, Inc.1 | 27,614,311 | |
95,365 | Expedia Group, Inc.1 | 14,145,491 | |
53,753,547 | |||
Household Durables — 2.5% | |||
176,731 | Lennar Corp. Class A | 26,483,141 | |
27,756 | TopBuild Corp.1 | 10,245,572 | |
36,728,713 | |||
Household Products — 1.2% | |||
80,741 | Kimberly-Clark Corp. | 9,767,239 | |
48,003 | Procter & Gamble Co. | 7,543,191 | |
17,310,430 | |||
Insurance — 0.7% | |||
52,586 | Marsh & McLennan Cos., Inc. | 10,193,270 | |
Interactive Media & Services — 8.3% | |||
294,920 | Alphabet, Inc. Class A1 | 41,318,292 | |
111,332 | Meta Platforms, Inc. Class A1 | 43,435,066 | |
968,585 | Pinterest, Inc. Class A1 | 36,292,880 | |
121,046,238 | |||
IT Services — 8.4% | |||
75,528 | Accenture PLC Class A | 27,483,129 | |
73,392 | Gartner, Inc.1 | 33,572,436 | |
200,081 | Snowflake, Inc. Class A1 | 39,143,847 | |
319,650 | Twilio, Inc. Class A1 | 22,480,984 | |
122,680,396 | |||
Machinery — 1.6% | |||
24,751 | Caterpillar, Inc. | 7,432,973 | |
69,069 | Lincoln Electric Holdings, Inc. | 15,348,513 | |
22,781,486 | |||
Oil, Gas & Consumable Fuels — 1.0% | |||
213,910 | ONEOK, Inc. | 14,599,358 | |
Professional Services — 1.3% | |||
42,256 | Automatic Data Processing, Inc. | 10,385,680 | |
69,059 | Paychex, Inc. | 8,406,552 | |
18,792,232 | |||
Semiconductors & Semiconductor Equipment — 9.0% | |||
210,762 | Applied Materials, Inc. | 34,628,197 | |
69,988 | KLA Corp. | 41,575,672 | |
12,152 | Lam Research Corp. | 10,027,466 | |
24,121 | Monolithic Power Systems, Inc. | 14,538,209 | |
433,042 | ON Semiconductor Corp.1 | 30,802,277 | |
131,571,821 | |||
Software — 11.0% | |||
197,099 | DocuSign, Inc.1 | 12,007,271 | |
128,955 | Dynatrace, Inc.1 | 7,350,435 | |
468,920 | Fortinet, Inc.1 | 30,240,651 | |
111,322 | Microsoft Corp. | 44,259,401 | |
31,618 | Synopsys, Inc.1 | 16,863,460 | |
1,172,261 | UiPath, Inc. Class A1 | 26,938,558 |
See Notes to Schedules of Portfolio Investments
6 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Large Cap Growth Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Software — (Continued) | |||
77,204 | Workday, Inc. Class A1 | $22,471,768 | |
160,131,544 | |||
Specialized REITs — 0.5% | |||
40,066 | American Tower Corp. | 7,838,913 | |
Specialty Retail — 8.0% | |||
251,859 | Best Buy Co., Inc. | 18,257,259 | |
101,693 | Dick’s Sporting Goods, Inc. | 15,159,376 | |
221,697 | Ross Stores, Inc. | 31,099,655 | |
364,239 | TJX Cos., Inc. | 34,569,923 | |
86,901 | Williams-Sonoma, Inc. | 16,805,784 | |
115,891,997 | |||
Technology Hardware, Storage & Peripherals — 1.7% | |||
609,489 | Pure Storage, Inc. Class A1 | 24,373,465 | |
TOTAL COMMON STOCKS (Cost $991,208,611) | 1,454,683,150 | ||
Face Amount | |||
REPURCHASE AGREEMENT* — 0.3% | |||
$3,788,585 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $3,788,754, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $3,150,100, coupon rate of 0.125%, due 7/15/26, market value of $3,864,374) | 3,788,585 | |
TOTAL REPURCHASE AGREEMENT (Cost $3,788,585) | 3,788,585 | ||
TOTAL INVESTMENTS (Cost $994,997,196) | 100.2% | $1,458,471,735 | |
LIABILITIES IN EXCESS OF OTHER ASSETS | (0.2) | (2,346,180) | |
NET ASSETS | 100.0% | $1,456,125,555 |
* | Percentages indicated are based on net assets. |
1 | Non income-producing security. |
See Notes to Schedules of Portfolio Investments
7 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Large Cap Value Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — 99.9% | |||
Automobile Components — 1.3% | |||
289 | Gentex Corp. | $9,575 | |
108 | Lear Corp. | 14,353 | |
23,928 | |||
Automobiles — 0.3% | |||
530 | Ford Motor Co. | 6,212 | |
Banks — 6.2% | |||
1,201 | Bank of America Corp. | 40,846 | |
207 | Comerica, Inc. | 10,884 | |
163 | East West Bancorp, Inc. | 11,868 | |
457 | Fifth Third Bancorp | 15,648 | |
1,828 | Regions Financial Corp. | 34,129 | |
113,375 | |||
Beverages — 0.7% | |||
203 | Molson Coors Beverage Co. Class B | 12,543 | |
Biotechnology — 3.4% | |||
531 | Gilead Sciences, Inc. | 41,556 | |
44 | United Therapeutics Corp.1 | 9,451 | |
27 | Vertex Pharmaceuticals, Inc.1 | 11,701 | |
62,708 | |||
Broadline Retail — 0.7% | |||
301 | eBay, Inc. | 12,362 | |
Building Products — 3.6% | |||
431 | Carrier Global Corp. | 23,580 | |
131 | Fortune Brands Innovations, Inc. | 10,164 | |
192 | Johnson Controls International PLC | 10,116 | |
150 | Owens Corning | 22,730 | |
66,590 | |||
Capital Markets — 2.3% | |||
204 | CME Group, Inc. | 41,991 | |
Chemicals — 2.2% | |||
341 | LyondellBasell Industries NV Class A | 32,095 | |
257 | Mosaic Co. | 7,892 | |
39,987 | |||
Communications Equipment — 1.8% | |||
640 | Cisco Systems, Inc. | 32,115 | |
Consumer Finance — 4.6% | |||
289 | Capital One Financial Corp. | 39,107 | |
1,156 | Synchrony Financial | 44,934 | |
84,041 | |||
Consumer Staples Distribution & Retail — 1.2% | |||
477 | Kroger Co. | 22,009 | |
Containers & Packaging — 1.0% | |||
247 | International Paper Co. | 8,850 | |
54 | Packaging Corp. of America | 8,958 | |
17,808 | |||
Distributors — 0.7% | |||
273 | LKQ Corp. | 12,741 |
See Notes to Schedules of Portfolio Investments
8 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Large Cap Value Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Diversified Consumer Services — 1.0% | |||
400 | H&R Block, Inc. | $18,736 | |
Diversified Telecommunication Services — 2.5% | |||
1,352 | AT&T, Inc. | 23,917 | |
523 | Verizon Communications, Inc. | 22,149 | |
46,066 | |||
Electric Utilities — 2.2% | |||
89 | Entergy Corp. | 8,878 | |
901 | Exelon Corp. | 31,364 | |
40,242 | |||
Energy Equipment & Services — 0.4% | |||
275 | Baker Hughes Co. Class A | 7,838 | |
Financial Services — 3.2% | |||
1,290 | MGIC Investment Corp. | 25,594 | |
250 | Voya Financial, Inc. | 18,092 | |
1,214 | Western Union Co. | 15,260 | |
58,946 | |||
Food Products — 2.6% | |||
131 | Bunge Global SA | 11,540 | |
261 | General Mills, Inc. | 16,942 | |
488 | Kraft Heinz Co. | 18,119 | |
46,601 | |||
Ground Transportation — 1.5% | |||
745 | CSX Corp. | 26,596 | |
Health Care Providers & Services — 6.5% | |||
48 | Cigna Group | 14,446 | |
454 | CVS Health Corp. | 33,764 | |
67 | Elevance Health, Inc. | 33,060 | |
73 | Humana, Inc. | 27,598 | |
19 | McKesson Corp. | 9,498 | |
118,366 | |||
Hotel & Resort REITs — 1.5% | |||
1,398 | Host Hotels & Resorts, Inc. | 26,870 | |
Hotels, Restaurants & Leisure — 0.7% | |||
86 | Expedia Group, Inc.1 | 12,756 | |
Household Durables — 1.2% | |||
225 | Toll Brothers, Inc. | 22,354 | |
Household Products — 1.9% | |||
218 | Procter & Gamble Co. | 34,257 | |
Independent Power & Renewable Electricity Producer — 0.9% | |||
931 | AES Corp. | 15,529 | |
Insurance — 4.0% | |||
302 | American International Group, Inc. | 20,992 | |
334 | Fidelity National Financial, Inc. | 16,710 | |
191 | Hartford Financial Services Group, Inc. | 16,609 | |
391 | Unum Group | 18,901 | |
73,212 | |||
IT Services — 3.2% | |||
194 | Akamai Technologies, Inc.1 | 23,906 |
See Notes to Schedules of Portfolio Investments
9 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Large Cap Value Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
IT Services — (Continued) | |||
144 | Amdocs Ltd. | $13,202 | |
264 | Cognizant Technology Solutions Corp. Class A | 20,360 | |
57,468 | |||
Machinery — 6.7% | |||
137 | Caterpillar, Inc. | 41,142 | |
235 | PACCAR, Inc. | 23,592 | |
72 | Parker-Hannifin Corp. | 33,444 | |
81 | Snap-on, Inc. | 23,484 | |
121,662 | |||
Media — 3.1% | |||
1,039 | Comcast Corp. Class A | 48,355 | |
255 | Fox Corp. Class A | 8,237 | |
56,592 | |||
Metals & Mining — 2.5% | |||
129 | Nucor Corp. | 24,114 | |
73 | Reliance Steel & Aluminum Co. | 20,836 | |
44,950 | |||
Multi-Utilities — 1.4% | |||
97 | Consolidated Edison, Inc. | 8,817 | |
669 | NiSource, Inc. | 17,374 | |
26,191 | |||
Oil, Gas & Consumable Fuels — 8.5% | |||
359 | ConocoPhillips | 40,161 | |
803 | Coterra Energy, Inc. | 19,979 | |
276 | Marathon Petroleum Corp. | 45,706 | |
187 | Ovintiv, Inc. | 7,932 | |
155 | Phillips 66 | 22,368 | |
140 | Valero Energy Corp. | 19,446 | |
155,592 | |||
Personal Care Products — 1.0% | |||
880 | Kenvue, Inc. | 18,269 | |
Pharmaceuticals — 4.0% | |||
706 | Bristol-Myers Squibb Co. | 34,502 | |
496 | Perrigo Co. PLC | 15,912 | |
480 | Pfizer, Inc. | 12,998 | |
369 | Royalty Pharma PLC Class A | 10,476 | |
73,888 | |||
Residential REITs — 1.0% | |||
535 | American Homes 4 Rent Class A | 18,752 | |
Semiconductors & Semiconductor Equipment — 3.1% | |||
222 | Applied Materials, Inc. | 36,475 | |
200 | Qorvo, Inc.1 | 19,948 | |
56,423 | |||
Software — 0.4% | |||
125 | Zoom Video Communications, Inc. Class A1 | 8,076 | |
Specialized REITs — 2.3% | |||
12 | Equinix, Inc. | 9,957 | |
1,058 | VICI Properties, Inc. | 31,867 | |
41,824 |
See Notes to Schedules of Portfolio Investments
10 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Large Cap Value Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Specialty Retail — 0.7% | |||
81 | Dick’s Sporting Goods, Inc. | $12,075 | |
Technology Hardware, Storage & Peripherals — 0.8% | |||
932 | Hewlett Packard Enterprise Co. | 14,250 | |
Textiles, Apparel & Luxury Goods — 0.5% | |||
69 | Ralph Lauren Corp. Class A | 9,913 | |
Tobacco — 0.6% | |||
251 | Altria Group, Inc. | 10,070 | |
TOTAL COMMON STOCKS (Cost $1,489,211) | 1,822,774 | ||
Face Amount | |||
REPURCHASE AGREEMENT* — 0.6% | |||
$12,107 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $12,108, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $10,100, coupon rate of 0.125%, due 7/15/26, market value of $12,390) | 12,107 | |
TOTAL REPURCHASE AGREEMENT (Cost $12,107) | 12,107 | ||
TOTAL INVESTMENTS (Cost $1,501,318) | 100.5% | $1,834,881 | |
LIABILITIES IN EXCESS OF OTHER ASSETS | (0.5) | (9,800) | |
NET ASSETS | 100.0% | $1,825,081 |
* | Percentages indicated are based on net assets. |
1 | Non income-producing security. |
See Notes to Schedules of Portfolio Investments
11 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Small Cap Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — 99.8% | |||
Aerospace & Defense — 1.2% | |||
145 | Moog, Inc. Class A | $20,271 | |
Automobile Components — 2.2% | |||
555 | Modine Manufacturing Co.1 | 38,345 | |
Banks — 8.5% | |||
381 | Bancorp, Inc.1 | 16,627 | |
304 | Byline Bancorp, Inc. | 6,639 | |
167 | Cathay General Bancorp | 6,876 | |
519 | Central Pacific Financial Corp. | 10,001 | |
363 | Customers Bancorp, Inc.1 | 19,399 | |
334 | Hanmi Financial Corp. | 5,595 | |
378 | Midland States Bancorp, Inc. | 9,926 | |
478 | OFG Bancorp | 17,576 | |
474 | Peoples Bancorp, Inc. | 13,888 | |
711 | Premier Financial Corp. | 14,853 | |
206 | UMB Financial Corp. | 16,995 | |
238 | WSFS Financial Corp. | 10,593 | |
148,968 | |||
Biotechnology — 6.0% | |||
4,903 | Fate Therapeutics, Inc.1 | 30,203 | |
593 | iTeos Therapeutics, Inc.1 | 5,900 | |
7,718 | Karyopharm Therapeutics, Inc.1,2 | 5,792 | |
1,788 | MacroGenics, Inc.1 | 25,568 | |
1,056 | Nurix Therapeutics, Inc.1 | 8,342 | |
2,228 | Sutro Biopharma, Inc.1 | 9,670 | |
1,871 | Zymeworks, Inc.1 | 20,282 | |
105,757 | |||
Building Products — 1.3% | |||
337 | Quanex Building Products Corp. | 10,521 | |
774 | Resideo Technologies, Inc.1 | 12,980 | |
23,501 | |||
Chemicals — 1.0% | |||
176 | Minerals Technologies, Inc. | 11,502 | |
256 | Orion SA | 5,734 | |
17,236 | |||
Commercial Services & Supplies — 1.9% | |||
934 | CoreCivic, Inc.1 | 13,281 | |
1,550 | Interface, Inc. | 19,236 | |
32,517 | |||
Communications Equipment — 1.0% | |||
269 | Digi International, Inc.1 | 6,539 | |
2,286 | Infinera Corp.1,2 | 11,293 | |
17,832 | |||
Construction & Engineering — 3.6% | |||
131 | Comfort Systems USA, Inc. | 28,489 | |
203 | Primoris Services Corp. | 6,658 | |
370 | Sterling Infrastructure, Inc.1 | 27,787 | |
62,934 | |||
Consumer Finance — 0.9% | |||
1,789 | EZCORP, Inc. Class A1,2 | 15,385 |
See Notes to Schedules of Portfolio Investments
12 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Small Cap Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Consumer Staples Distribution & Retail — 0.8% | |||
146 | Andersons, Inc. | $7,695 | |
140 | Sprouts Farmers Market, Inc.1 | 7,052 | |
14,747 | |||
Containers & Packaging — 0.7% | |||
189 | Greif, Inc. Class A | 11,833 | |
Diversified Consumer Services — 2.2% | |||
145 | Adtalem Global Education, Inc.1 | 7,320 | |
893 | Chegg, Inc.1 | 8,796 | |
375 | Stride, Inc.1 | 22,481 | |
38,597 | |||
Diversified Telecommunication Services — 0.5% | |||
570 | Bandwidth, Inc. Class A1 | 7,889 | |
Electric Utilities — 0.7% | |||
221 | ALLETE, Inc. | 13,063 | |
Electronic Equipment, Instruments & Components — 3.0% | |||
383 | Benchmark Electronics, Inc. | 10,387 | |
198 | ePlus, Inc.1 | 14,957 | |
191 | Itron, Inc.1 | 13,779 | |
230 | Sanmina Corp.1 | 13,758 | |
52,881 | |||
Energy Equipment & Services — 1.1% | |||
887 | Liberty Energy, Inc. | 18,441 | |
Financial Services — 3.8% | |||
459 | A-Mark Precious Metals, Inc.2 | 12,379 | |
502 | Enact Holdings, Inc. | 14,302 | |
1 | Paysafe Ltd.1 | 15 | |
540 | Radian Group, Inc. | 15,649 | |
1,383 | StoneCo Ltd. Class A1 | 23,774 | |
66,119 | |||
Food Products — 0.7% | |||
1,102 | Dole PLC | 12,442 | |
Gas Utilities — 0.7% | |||
331 | Northwest Natural Holding Co. | 12,201 | |
Ground Transportation — 0.8% | |||
666 | RXO, Inc.1 | 13,853 | |
Health Care Equipment & Supplies — 2.8% | |||
372 | Avanos Medical, Inc.1 | 7,139 | |
7,357 | Cerus Corp.1 | 13,316 | |
1,219 | Orthofix Medical, Inc.1 | 16,932 | |
609 | Varex Imaging Corp.1 | 11,735 | |
49,122 | |||
Health Care Providers & Services — 1.9% | |||
8,980 | 23andMe Holding Co. Class A1,2 | 6,565 | |
707 | Castle Biosciences, Inc.1 | 16,318 | |
609 | PetIQ, Inc.1 | 10,944 | |
33,827 | |||
Health Care Technology — 1.3% | |||
1,700 | Health Catalyst, Inc.1 | 16,609 |
See Notes to Schedules of Portfolio Investments
13 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Small Cap Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Health Care Technology — (Continued) | |||
766 | Veradigm, Inc.1 | $6,994 | |
23,603 | |||
Hotel & Resort REITs — 2.0% | |||
1,133 | RLJ Lodging Trust | 13,120 | |
651 | Sunstone Hotel Investors, Inc. | 6,946 | |
1,108 | Xenia Hotels & Resorts, Inc. REIT | 14,770 | |
34,836 | |||
Hotels, Restaurants & Leisure — 0.9% | |||
611 | Accel Entertainment, Inc. Class A1 | 6,263 | |
361 | International Game Technology PLC | 9,371 | |
15,634 | |||
Household Durables — 3.8% | |||
357 | Beazer Homes USA, Inc.1 | 11,335 | |
288 | MDC Holdings, Inc. | 18,023 | |
629 | Tri Pointe Homes, Inc.1 | 21,719 | |
258 | Worthington Enterprises, Inc. | 14,716 | |
65,793 | |||
Household Products — 0.8% | |||
348 | Central Garden & Pet Co. Class A1 | 14,365 | |
Industrial REITs — 1.0% | |||
61 | EastGroup Properties, Inc. | 10,823 | |
181 | STAG Industrial, Inc. | 6,686 | |
17,509 | |||
Insurance — 1.7% | |||
859 | Ambac Financial Group, Inc.1 | 13,959 | |
2,683 | Genworth Financial, Inc. Class A1 | 16,554 | |
30,513 | |||
Interactive Media & Services — 1.9% | |||
594 | Cargurus, Inc.1 | 13,805 | |
3,245 | Vimeo, Inc.1 | 12,883 | |
483 | ZipRecruiter, Inc. Class A1 | 6,723 | |
33,411 | |||
IT Services — 0.9% | |||
710 | Hackett Group, Inc. | 16,415 | |
Life Sciences Tools & Services — 1.3% | |||
1,033 | Quanterix Corp.1 | 22,819 | |
Machinery — 3.2% | |||
174 | Columbus McKinnon Corp. | 6,798 | |
804 | Manitowoc Co., Inc.1 | 12,945 | |
150 | Tennant Co. | 14,178 | |
254 | Terex Corp. | 15,603 | |
274 | Wabash National Corp. | 6,932 | |
56,456 | |||
Marine Transportation — 0.5% | |||
750 | Costamare, Inc. | 8,033 | |
Metals & Mining — 3.3% | |||
420 | Commercial Metals Co. | 21,932 | |
351 | Olympic Steel, Inc. | 23,721 |
See Notes to Schedules of Portfolio Investments
14 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Small Cap Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Metals & Mining — (Continued) | |||
631 | TimkenSteel Corp.1 | $12,967 | |
58,620 | |||
Multi-Utilities — 0.5% | |||
176 | Black Hills Corp. | 9,110 | |
Oil, Gas & Consumable Fuels — 7.3% | |||
848 | Ardmore Shipping Corp. | 14,051 | |
501 | Crescent Energy Co. Class A | 5,536 | |
958 | Excelerate Energy, Inc. Class A | 14,677 | |
590 | Par Pacific Holdings, Inc.1 | 21,588 | |
396 | PBF Energy, Inc. Class A | 20,002 | |
239 | Scorpio Tankers, Inc. | 16,897 | |
572 | Teekay Tankers Ltd. Class A | 35,779 | |
128,530 | |||
Personal Care Products — 0.7% | |||
947 | Herbalife Ltd.1 | 11,411 | |
Pharmaceuticals — 2.8% | |||
4,365 | Amneal Pharmaceuticals, Inc.1 | 23,353 | |
763 | Collegium Pharmaceutical, Inc.1 | 25,148 | |
48,501 | |||
Professional Services — 1.8% | |||
314 | Heidrick & Struggles International, Inc. | 9,411 | |
490 | Kelly Services, Inc. Class A | 10,069 | |
202 | Korn Ferry | 11,851 | |
31,331 | |||
Real Estate Management & Development — 0.7% | |||
1,236 | Cushman & Wakefield PLC1 | 13,003 | |
Retail REITs — 1.4% | |||
817 | Acadia Realty Trust | 13,938 | |
649 | Urban Edge Properties REIT | 11,208 | |
25,146 | |||
Semiconductors & Semiconductor Equipment — 2.1% | |||
957 | Photronics, Inc.1 | 27,963 | |
259 | Veeco Instruments, Inc.1 | 8,257 | |
36,220 | |||
Software — 5.8% | |||
2,781 | 8x8, Inc.1 | 9,344 | |
111 | BlackLine, Inc.1 | 6,514 | |
285 | Everbridge, Inc.1 | 6,373 | |
67 | InterDigital, Inc. | 7,038 | |
205 | LiveRamp Holdings, Inc.1 | 8,093 | |
107 | Progress Software Corp. | 6,079 | |
499 | Q2 Holdings, Inc.1 | 21,232 | |
1,162 | SolarWinds Corp.1 | 13,735 | |
146 | Xperi, Inc.1 | 1,559 | |
2,659 | Yext, Inc.1 | 15,768 | |
634 | Zuora, Inc. Class A1 | 5,795 | |
101,530 | |||
Specialized REITs — 0.7% | |||
981 | Outfront Media, Inc. | 12,773 |
See Notes to Schedules of Portfolio Investments
15 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Small Cap Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Specialty Retail — 3.9% | |||
354 | Abercrombie & Fitch Co. Class A1 | $36,073 | |
627 | Guess?, Inc. | 14,007 | |
239 | MarineMax, Inc.1 | 6,692 | |
300 | Urban Outfitters, Inc.1 | 11,400 | |
68,172 | |||
Trading Companies & Distributors — 1.8% | |||
120 | GMS, Inc.1 | 10,099 | |
322 | Rush Enterprises, Inc. Class A | 14,461 | |
44 | WESCO International, Inc. | 7,635 | |
32,195 | |||
Water Utilities — 0.4% | |||
109 | SJW Group | 6,490 | |
TOTAL COMMON STOCKS (Cost $1,308,076) | 1,750,180 | ||
Face Amount | |||
REPURCHASE AGREEMENT* — 1.0% | |||
$16,554 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $16,554, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $13,800, coupon rate of 0.125%, due 7/15/26, market value of $16,929) | 16,554 | |
TOTAL REPURCHASE AGREEMENT (Cost $16,554) | 16,554 | ||
Shares | |||
INVESTMENT OF SECURITY LENDING COLLATERAL* — 2.5% | |||
44,051 | State Street Navigator Securities Lending Government Money Market Portfolio3 | 44,051 | |
TOTAL INVESTMENT OF SECURITY LENDING COLLATERAL (Cost $44,051) | 44,051 | ||
TOTAL INVESTMENTS (Cost $1,368,681) | 103.3% | $1,810,785 | |
LIABILITIES IN EXCESS OF OTHER ASSETS | (3.3) | (57,711) | |
NET ASSETS | 100.0% | $1,753,074 |
* | Percentages indicated are based on net assets. |
1 | Non income-producing security. |
2 | Securities or partial securities on loan. See Note 1. |
3 | Represents an investment of securities lending cash collateral. |
See Notes to Schedules of Portfolio Investments
16 |
THE GLENMEDE FUND, INC.
Quantitative International Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — 96.0% | |||
Japan — 22.6% | |||
5,000 | Asahi Group Holdings Ltd. | $187,186 | |
3,200 | Daito Trust Construction Co. Ltd. | 365,810 | |
48,600 | Honda Motor Co. Ltd. | 553,263 | |
1,100 | Hoya Corp. | 141,592 | |
27,800 | Inpex Corp. | 386,268 | |
17,600 | Japan Tobacco, Inc. | 465,770 | |
6,000 | KDDI Corp. | 199,633 | |
8,500 | Kirin Holdings Co. Ltd. | 122,608 | |
26,700 | Marubeni Corp. | 461,055 | |
15,900 | Mitsui & Co. Ltd. | 651,535 | |
17,000 | Nippon Paint Holdings Co. Ltd. | 134,967 | |
5,300 | Nitto Denko Corp. | 443,287 | |
14,900 | Panasonic Holdings Corp. | 142,592 | |
22,700 | Renesas Electronics Corp.1 | 381,264 | |
5,500 | Sekisui House Ltd. | 125,075 | |
7,800 | Shionogi & Co. Ltd. | 376,804 | |
10,400 | Subaru Corp. | 211,349 | |
5,500 | Sumitomo Corp. | 127,616 | |
13,700 | Yokogawa Electric Corp. | 272,176 | |
5,749,850 | |||
France — 12.1% | |||
10,400 | Accor SA | 412,482 | |
16,300 | AXA SA | 548,896 | |
1,300 | Capgemini SE | 291,097 | |
3,700 | Cie Generale des Etablissements Michelin SCA | 123,237 | |
1,600 | Eiffage SA | 167,863 | |
5,095 | Publicis Groupe SA | 512,624 | |
2,700 | Renault SA | 102,331 | |
2,382 | Sanofi SA | 240,330 | |
14,600 | Societe Generale SA | 378,046 | |
1,100 | Sodexo SA | 124,345 | |
1,300 | Vinci SA | 164,487 | |
3,065,738 | |||
United Kingdom — 11.0% | |||
28,000 | BAE Systems PLC | 417,652 | |
12,500 | British American Tobacco PLC | 370,448 | |
6,500 | Burberry Group PLC | 107,746 | |
62,700 | Centrica PLC | 110,012 | |
23,783 | GSK PLC | 472,599 | |
43,000 | HSBC Holdings PLC | 336,881 | |
9,727 | Mondi PLC | 174,309 | |
1,200 | Next PLC | 128,778 | |
2,700 | Reckitt Benckiser Group PLC2 | 195,311 | |
106,200 | Taylor Wimpey PLC | 199,458 | |
5,512 | Unilever PLC, ADR2 | 268,379 | |
2,781,573 | |||
Canada — 9.6% | |||
3,600 | CGI, Inc.1 | 403,151 | |
4,700 | Dollarama, Inc. | 344,936 | |
21,200 | First Quantum Minerals Ltd. | 192,376 | |
7,400 | Great-West Lifeco, Inc. | 247,024 | |
18,700 | Manulife Financial Corp. | 413,377 | |
1,600 | Royal Bank of Canada | 156,150 | |
5,500 | Sun Life Financial, Inc. | 285,094 |
See Notes to Schedules of Portfolio Investments
17 |
THE GLENMEDE FUND, INC.
Quantitative International Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Canada — (Continued) | |||
11,600 | Suncor Energy, Inc. | $384,121 | |
2,426,229 | |||
Switzerland — 5.4% | |||
4,700 | Holcim AG | 360,336 | |
850 | Kuehne & Nagel International AG | 289,391 | |
3,400 | Logitech International SA | 285,491 | |
4,200 | Novartis AG | 435,112 | |
1,370,330 | |||
Australia — 4.8% | |||
15,400 | Ampol Ltd.2 | 367,452 | |
25,300 | Brambles Ltd. | 242,996 | |
2,400 | Cochlear Ltd. | 479,410 | |
12,300 | Orica Ltd. | 131,209 | |
1,221,067 | |||
Netherlands — 4.3% | |||
3,200 | Euronext NV3 | 282,365 | |
17,200 | ING Groep NV | 245,176 | |
11,700 | Koninklijke Ahold Delhaize NV | 328,876 | |
70,000 | Koninklijke KPN NV | 238,143 | |
1,094,560 | |||
Sweden — 4.3% | |||
4,800 | Assa Abloy AB Class B | 132,239 | |
19,600 | Swedbank AB Class A | 400,790 | |
23,000 | Volvo AB Class B | 552,310 | |
1,085,339 | |||
Germany — 4.2% | |||
5,200 | Bechtle AG | 271,654 | |
30,500 | Commerzbank AG | 352,027 | |
4,700 | Daimler Truck Holding AG | 168,937 | |
5,700 | Deutsche Telekom AG | 140,109 | |
1,550 | Heidelberg Materials AG | 143,856 | |
1,076,583 | |||
Spain — 3.7% | |||
14,000 | Endesa SA | 277,783 | |
22,417 | Iberdrola SA | 270,726 | |
9,100 | Industria de Diseno Textil SA | 390,523 | |
939,032 | |||
Denmark — 3.4% | |||
2,800 | Demant AS1 | 127,385 | |
3,400 | Novo Nordisk AS Class B | 381,921 | |
2,400 | Pandora AS | 351,081 | |
860,387 | |||
Singapore — 3.1% | |||
9,600 | DBS Group Holdings Ltd. | 228,138 | |
44,300 | Singapore Airlines Ltd. | 220,592 | |
47,400 | Singapore Exchange Ltd. | 332,489 | |
781,219 | |||
United States — 2.0% | |||
7,000 | CRH PLC | 502,320 |
See Notes to Schedules of Portfolio Investments
18 |
THE GLENMEDE FUND, INC.
Quantitative International Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Portugal — 1.9% | |||
30,000 | Galp Energia SGPS SA | $473,833 | |
Jordan — 1.0% | |||
10,400 | Hikma Pharmaceuticals PLC | 254,570 | |
China — 1.0% | |||
105,700 | BOC Hong Kong Holdings Ltd. | 253,098 | |
Ireland — 0.7% | |||
5,000 | James Hardie Industries PLC1 | 190,943 | |
Italy — 0.5% | |||
20,600 | Enel SpA | 141,166 | |
Israel — 0.4% | |||
20,500 | Israel Discount Bank Ltd. Class A | 99,922 | |
TOTAL COMMON STOCKS (Cost $20,599,081) | 24,367,759 | ||
PREFERRED STOCKS* — 1.3% | |||
Germany — 1.3% | |||
4,400 | Henkel AG & Co. KGaA | 338,086 | |
TOTAL PREFERRED STOCKS (Cost $342,947) | 338,086 | ||
Face Amount | |||
REPURCHASE AGREEMENT*—0.8% | |||
$191,735 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $191,743, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $159,500, coupon rate of 0.125%, due 7/15/26, market value of $195,666) | 191,735 | |
TOTAL REPURCHASE AGREEMENT (Cost $191,735) | 191,735 | ||
INVESTMENT OF SECURITY LENDING COLLATERAL* — 3.0% | |||
753,535 | State Street Navigator Securities Lending Government Money Market Portfolio4 | 753,535 | |
TOTAL INVESTMENT OF SECURITY LENDING COLLATERAL (Cost $753,535) | 753,535 | ||
TOTAL INVESTMENTS (Cost $21,887,298) | 101.1% | $25,651,115 | |
LIABILITIES IN EXCESS OF OTHER ASSETS | (1.1) | (269,702) | |
NET ASSETS | 100.0% | $25,381,413 |
* | Percentages indicated are based on net assets. |
1 | Non income-producing security. |
2 | Securities or partial securities on loan. See Note 1. |
3 | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. This security may be resold in transactions exempt from registration, normally to qualified buyers. At January 31, 2024, these securities, which are not illiquid, amounted to $282,365 or 1.1% of net assets for the Fund. |
4 | Represents an investment of securities lending cash collateral. |
Abbreviations: |
ADR — American Depositary Receipt |
See Notes to Schedules of Portfolio Investments
19 |
THE GLENMEDE FUND, INC.
Responsible ESG U.S. Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — 99.4% | |||
Automobile Components — 0.5% | |||
855 | Lear Corp. | $113,629 | |
Automobiles — 1.6% | |||
6,672 | General Motors Co. | 258,874 | |
4,325 | Harley-Davidson, Inc. | 140,346 | |
399,220 | |||
Banks — 2.2% | |||
4,041 | Bank of America Corp. | 137,435 | |
7,114 | Citigroup, Inc. | 399,593 | |
537,028 | |||
Beverages — 0.6% | |||
2,302 | Molson Coors Beverage Co. Class B | 142,241 | |
Biotechnology — 3.8% | |||
1,754 | Amgen, Inc. | 551,212 | |
4,738 | Gilead Sciences, Inc. | 370,796 | |
922,008 | |||
Broadline Retail — 1.0% | |||
2,846 | eBay, Inc. | 116,885 | |
6,745 | Macy’s, Inc. | 123,366 | |
240,251 | |||
Building Products — 3.4% | |||
2,175 | Carrier Global Corp. | 118,994 | |
1,698 | Fortune Brands Innovations, Inc. | 131,748 | |
1,779 | Owens Corning | 269,572 | |
1,278 | Trane Technologies PLC | 322,120 | |
842,434 | |||
Capital Markets — 3.1% | |||
1,789 | CME Group, Inc. | 368,248 | |
6,886 | Nasdaq, Inc. | 397,804 | |
766,052 | |||
Chemicals — 0.6% | |||
458 | Sherwin-Williams Co. | 139,406 | |
Communications Equipment — 3.2% | |||
1,383 | Arista Networks, Inc.1 | 357,754 | |
8,370 | Cisco Systems, Inc. | 420,007 | |
777,761 | |||
Consumer Staples Distribution & Retail — 2.2% | |||
1,356 | Casey’s General Stores, Inc. | 367,964 | |
3,588 | Kroger Co. | 165,550 | |
533,514 | |||
Containers & Packaging — 2.6% | |||
5,517 | Berry Global Group, Inc. | 361,143 | |
10,908 | Graphic Packaging Holding Co. | 278,263 | |
639,406 | |||
Diversified Telecommunication Services — 1.5% | |||
20,721 | AT&T, Inc. | 366,554 | |
Electric Utilities — 0.5% | |||
1,239 | Entergy Corp. | 123,603 |
See Notes to Schedules of Portfolio Investments
20 |
THE GLENMEDE FUND, INC.
Responsible ESG U.S. Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Electronic Equipment, Instruments & Components — 3.0% | |||
4,223 | Jabil, Inc. | $529,100 | |
1,385 | Keysight Technologies, Inc.1 | 212,265 | |
741,365 | |||
Energy Equipment & Services — 1.4% | |||
11,780 | Baker Hughes Co. Class A | 335,730 | |
Entertainment — 1.5% | |||
2,663 | Electronic Arts, Inc. | 366,376 | |
Financial Services — 4.0% | |||
1,200 | Fiserv, Inc.1 | 170,244 | |
984 | FleetCor Technologies, Inc.1 | 285,291 | |
2,684 | PayPal Holdings, Inc.1 | 164,663 | |
28,542 | Western Union Co. | 358,773 | |
978,971 | |||
Food Products — 2.0% | |||
7,501 | General Mills, Inc. | 486,890 | |
Ground Transportation — 0.9% | |||
6,093 | CSX Corp. | 217,520 | |
Health Care Providers & Services — 6.3% | |||
1,352 | Cencora, Inc. | 314,583 | |
1,276 | Cigna Group | 384,012 | |
1,152 | Elevance Health, Inc. | 568,443 | |
749 | Humana, Inc. | 283,167 | |
1,550,205 | |||
Hotels, Restaurants & Leisure — 2.9% | |||
199 | Booking Holdings, Inc.1 | 697,987 | |
Household Durables — 2.0% | |||
4,833 | Toll Brothers, Inc. | 480,159 | |
Household Products — 1.6% | |||
3,885 | Church & Dwight Co., Inc. | 387,917 | |
Insurance — 2.0% | |||
4,262 | Aflac, Inc. | 359,457 | |
614 | Marsh & McLennan Cos., Inc. | 119,018 | |
478,475 | |||
Interactive Media & Service — 1.5% | |||
2,669 | Alphabet, Inc. Class A1 | 373,927 | |
IT Services — 4.5% | |||
4,096 | Akamai Technologies, Inc.1 | 504,750 | |
1,680 | Cognizant Technology Solutions Corp. Class A | 129,562 | |
692 | Gartner, Inc.1 | 316,548 | |
1,664 | Okta, Inc.1 | 137,530 | |
1,088,390 | |||
Machinery — 1.0% | |||
2,501 | PACCAR, Inc. | 251,075 | |
Media — 3.4% | |||
8,960 | Comcast Corp. Class A | 416,998 | |
4,608 | Omnicom Group, Inc. | 416,471 | |
833,469 |
See Notes to Schedules of Portfolio Investments
21 |
THE GLENMEDE FUND, INC.
Responsible ESG U.S. Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Multi-Utilities — 2.0% | |||
14,114 | NiSource, Inc. | $366,541 | |
1,900 | Public Service Enterprise Group, Inc. | 110,181 | |
476,722 | |||
Oil, Gas & Consumable Fuels — 3.1% | |||
3,944 | EQT Corp. | 139,618 | |
3,805 | Marathon Petroleum Corp. | 630,108 | |
769,726 | |||
Pharmaceuticals — 3.0% | |||
3,273 | Bristol-Myers Squibb Co. | 159,951 | |
1,429 | Johnson & Johnson | 227,068 | |
1,885 | Zoetis, Inc. | 354,022 | |
741,041 | |||
Professional Services — 0.5% | |||
542 | Automatic Data Processing, Inc. | 133,213 | |
Real Estate Management & Development — 1.4% | |||
4,003 | CBRE Group, Inc. Class A1 | 345,499 | |
Semiconductors & Semiconductor Equipment — 6.3% | |||
2,222 | Applied Materials, Inc. | 365,075 | |
2,071 | NXP Semiconductors NV | 436,090 | |
5,820 | ON Semiconductor Corp.1 | 413,976 | |
836 | Onto Innovation, Inc.1 | 135,014 | |
1,223 | QUALCOMM, Inc. | 181,628 | |
1,531,783 | |||
Software — 8.3% | |||
1,004 | Adobe, Inc.1 | 620,251 | |
1,643 | Autodesk, Inc.1 | 417,010 | |
3,300 | DocuSign, Inc.1 | 201,036 | |
15,725 | Dropbox, Inc. Class A1 | 498,168 | |
4,526 | Fortinet, Inc.1 | 291,882 | |
2,028,347 | |||
Specialized REITs — 1.6% | |||
320 | Equinix, Inc. | 265,526 | |
3,700 | Weyerhaeuser Co. | 121,249 | |
386,775 | |||
Specialty Retail — 4.7% | |||
2,698 | Best Buy Co., Inc. | 195,578 | |
2,559 | Dick’s Sporting Goods, Inc. | 381,470 | |
1,392 | Ross Stores, Inc. | 195,270 | |
3,963 | TJX Cos., Inc. | 376,128 | |
1,148,446 | |||
Technology Hardware, Storage & Peripherals — 1.9% | |||
21,385 | Hewlett Packard Enterprise Co. | 326,977 | |
1,520 | NetApp, Inc. | 132,544 | |
459,521 | |||
Trading Companies & Distributors — 1.8% | |||
2,359 | Ferguson PLC | 443,162 | |
TOTAL COMMON STOCKS (Cost $19,387,253) | 24,275,798 |
See Notes to Schedules of Portfolio Investments
22 |
THE GLENMEDE FUND, INC.
Responsible ESG U.S. Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
REPURCHASE AGREEMENT* — 0.7% | |||
$171,694 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $171,702, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $142,800, coupon rate of 0.125%, due 7/15/26, market value of $175,179) | $171,694 | |
TOTAL REPURCHASE AGREEMENT (Cost $171,694) | 171,694 | ||
TOTAL INVESTMENTS (Cost $19,558,947) | 100.1% | $24,447,492 | |
LIABILITIES IN EXCESS OF OTHER ASSETS | (0.1) | (13,094) | |
NET ASSETS | 100.0% | $24,434,398 |
* | Percentages indicated are based on net assets. |
1 | Non income-producing security. |
See Notes to Schedules of Portfolio Investments
23 |
THE GLENMEDE FUND, INC.
Women in Leadership U.S. Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — 99.3% | |||
Automobiles — 0.7% | |||
4,001 | General Motors Co. | $155,239 | |
Banks — 2.4% | |||
11,438 | Bank of America Corp. | 389,006 | |
2,359 | Citigroup, Inc. | 132,505 | |
521,511 | |||
Beverages — 0.8% | |||
2,885 | Coca-Cola Co. | 171,629 | |
Biotechnology — 5.7% | |||
2,148 | AbbVie, Inc. | 353,131 | |
5,392 | Gilead Sciences, Inc. | 421,978 | |
1,126 | Vertex Pharmaceuticals, Inc.1 | 487,986 | |
1,263,095 | |||
Broadline Retail — 1.9% | |||
10,037 | eBay, Inc. | 412,220 | |
Building Products — 3.4% | |||
2,451 | Carrier Global Corp. | 134,094 | |
2,443 | Trane Technologies PLC | 615,758 | |
749,852 | |||
Capital Markets — 3.6% | |||
4,754 | Bank of New York Mellon Corp. | 263,657 | |
2,550 | CME Group, Inc. | 524,892 | |
788,549 | |||
Chemicals — 0.5% | |||
2,040 | Dow, Inc. | 109,344 | |
Communications Equipment — 3.9% | |||
1,165 | Arista Networks, Inc.1 | 301,362 | |
11,288 | Cisco Systems, Inc. | 566,432 | |
867,794 | |||
Consumer Finance — 0.6% | |||
3,619 | Synchrony Financial | 140,670 | |
Consumer Staples Distribution & Retail — 1.2% | |||
983 | Casey’s General Stores, Inc. | 266,747 | |
Containers & Packaging — 2.5% | |||
13,373 | Graphic Packaging Holding Co. | 341,145 | |
6,273 | Sealed Air Corp. | 216,732 | |
557,877 | |||
Diversified Telecommunication Services — 0.9% | |||
10,805 | AT&T, Inc. | 191,140 | |
Electric Utilities — 0.5% | |||
3,103 | Exelon Corp. | 108,015 | |
Electrical Equipment — 3.0% | |||
10,934 | nVent Electric PLC | 656,477 | |
Electronic Equipment, Instruments & Components — 1.4% | |||
2,070 | Keysight Technologies, Inc.1 | 317,248 | |
Energy Equipment & Services — 0.4% | |||
3,219 | Baker Hughes Co. Class A | 91,741 |
See Notes to Schedules of Portfolio Investments
24 |
THE GLENMEDE FUND, INC.
Women in Leadership U.S. Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Entertainment — 0.5% | |||
835 | Electronic Arts, Inc. | $114,879 | |
Financial Services — 2.1% | |||
7,685 | PayPal Holdings, Inc.1 | 471,475 | |
Food Products — 2.0% | |||
3,132 | General Mills, Inc. | 203,298 | |
6,327 | Kraft Heinz Co. | 234,922 | |
438,220 | |||
Health Care Providers & Services — 6.3% | |||
4,921 | Centene Corp.1 | 370,601 | |
611 | Cigna Group | 183,880 | |
3,090 | CVS Health Corp. | 229,803 | |
959 | Elevance Health, Inc. | 473,209 | |
240 | UnitedHealth Group, Inc. | 122,818 | |
1,380,311 | |||
Hotels, Restaurants & Leisure — 3.2% | |||
201 | Booking Holdings, Inc.1 | 705,001 | |
Household Durables — 0.7% | |||
391 | TopBuild Corp.1 | 144,330 | |
Household Products — 1.7% | |||
2,355 | Procter & Gamble Co. | 370,065 | |
Insurance — 2.8% | |||
3,016 | American International Group, Inc. | 209,642 | |
675 | Reinsurance Group of America, Inc. | 117,376 | |
6,100 | Unum Group | 294,874 | |
621,892 | |||
Interactive Media & Service — 2.7% | |||
1,504 | Meta Platforms, Inc. Class A1 | 586,771 | |
IT Services — 1.1% | |||
3,475 | Twilio, Inc. Class A1 | 244,397 | |
Machinery — 0.7% | |||
330 | Parker-Hannifin Corp. | 153,285 | |
Media — 4.9% | |||
4,719 | Comcast Corp. Class A | 219,622 | |
3,328 | Interpublic Group of Cos., Inc. | 109,791 | |
15,078 | News Corp. Class A | 371,522 | |
4,063 | Omnicom Group, Inc. | 367,214 | |
1,068,149 | |||
Multi-Utilities — 2.1% | |||
10,571 | NiSource, Inc. | 274,529 | |
3,301 | Public Service Enterprise Group, Inc. | 191,425 | |
465,954 | |||
Oil, Gas & Consumable Fuels — 3.9% | |||
1,584 | Chevron Corp. | 233,529 | |
9,757 | Kinder Morgan, Inc. | 165,089 | |
822 | Marathon Petroleum Corp. | 136,123 | |
4,959 | Ovintiv, Inc. | 210,361 | |
817 | Valero Energy Corp. | 113,481 | |
858,583 |
See Notes to Schedules of Portfolio Investments
25 |
THE GLENMEDE FUND, INC.
Women in Leadership U.S. Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Pharmaceuticals — 1.4% | |||
6,391 | Bristol-Myers Squibb Co. | $312,328 | |
Professional Services — 0.5% | |||
445 | Automatic Data Processing, Inc. | 109,372 | |
Real Estate Management & Development — 0.5% | |||
1,347 | CoStar Group, Inc.1 | 112,448 | |
Semiconductors & Semiconductor Equipment — 5.7% | |||
4,372 | Applied Materials, Inc. | 718,320 | |
4,527 | ON Semiconductor Corp.1 | 322,005 | |
1,494 | QUALCOMM, Inc. | 221,874 | |
1,262,199 | |||
Software — 11.4% | |||
2,170 | Autodesk, Inc.1 | 550,768 | |
7,434 | DocuSign, Inc.1 | 452,879 | |
1,288 | Dolby Laboratories, Inc. Class A | 107,136 | |
15,672 | Dropbox, Inc. Class A1 | 496,489 | |
5,204 | Nutanix, Inc. Class A1 | 292,465 | |
760 | Workday, Inc. Class A1 | 221,213 | |
5,826 | Zoom Video Communications, Inc. Class A1 | 376,418 | |
2,497,368 | |||
Specialized REITs — 2.6% | |||
487 | Equinix, Inc. | 404,098 | |
5,062 | Weyerhaeuser Co. | 165,882 | |
569,980 | |||
Specialty Retail — 3.5% | |||
3,407 | Bath & Body Works, Inc. | 145,343 | |
864 | Ross Stores, Inc. | 121,202 | |
5,305 | TJX Cos., Inc. | 503,497 | |
770,042 | |||
Technology Hardware, Storage & Peripherals — 4.1% | |||
30,428 | Hewlett Packard Enterprise Co. | 465,244 | |
5,024 | NetApp, Inc. | 438,093 | |
903,337 | |||
Textiles, Apparel & Luxury Goods — 1.5% | |||
2,643 | PVH Corp. | 317,847 | |
TOTAL COMMON STOCKS (Cost $17,062,019) | 21,847,381 | ||
Face Amount | |||
REPURCHASE AGREEMENT* — 0.7% | |||
$159,104 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $159,111, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $132,300, coupon rate of 0.125%, due 7/15/26, market value of $162,299) | 159,104 | |
TOTAL REPURCHASE AGREEMENT (Cost $159,104) | 159,104 |
See Notes to Schedules of Portfolio Investments
26 |
THE GLENMEDE FUND, INC.
Women in Leadership U.S. Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
TOTAL INVESTMENTS (Cost $17,221,123) | 100.0% | $22,006,485 | |
LIABILITIES IN EXCESS OF OTHER ASSETS | (0.0) | (406) | |
NET ASSETS | 100.0% | $22,006,079 |
* | Percentages indicated are based on net assets. |
1 | Non income-producing security. |
See Notes to Schedules of Portfolio Investments
27 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Long/Short Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — 94.2% | |||
Air Freight & Logistics — 0.5% | |||
2,020 | Expeditors International of Washington, Inc. | $255,187 | |
Automobile Components — 1.0% | |||
21,140 | Atmus Filtration Technologies, Inc.1,2 | 472,056 | |
Automobiles — 0.7% | |||
10,880 | Harley-Davidson, Inc. | 353,056 | |
Banks — 2.0% | |||
54,140 | FNB Corp. | 713,565 | |
17,140 | Old National Bancorp | 282,296 | |
995,861 | |||
Beverages — 1.0% | |||
7,460 | Molson Coors Beverage Co. Class B | 460,953 | |
Biotechnology — 0.8% | |||
25,720 | Catalyst Pharmaceuticals, Inc.1 | 370,368 | |
Broadline Retail — 1.2% | |||
13,920 | eBay, Inc. | 571,694 | |
Building Products — 1.8% | |||
16,320 | Carrier Global Corp.3 | 892,867 | |
Capital Markets — 1.2% | |||
20,860 | Janus Henderson Group PLC3 | 599,934 | |
Communications Equipment — 1.5% | |||
14,620 | Cisco Systems, Inc. | 733,632 | |
Construction & Engineering — 3.4% | |||
7,300 | AECOM3 | 643,787 | |
4,460 | EMCOR Group, Inc.3 | 1,017,371 | |
1,661,158 | |||
Consumer Finance — 0.9% | |||
11,100 | Synchrony Financial3 | 431,457 | |
Consumer Staples Distribution & Retail — 2.7% | |||
7,920 | Kroger Co. | 365,429 | |
18,660 | Sprouts Farmers Market, Inc.1 | 939,904 | |
1,305,333 | |||
Containers & Packaging — 1.2% | |||
3,500 | Packaging Corp. of America | 580,580 | |
Distributors — 1.7% | |||
17,300 | LKQ Corp. | 807,391 | |
Diversified Consumer Services — 2.7% | |||
11,760 | Adtalem Global Education, Inc.1 | 593,645 | |
11,620 | Stride, Inc.1 | 696,619 | |
1,290,264 | |||
Diversified REITs — 0.6% | |||
12,240 | Essential Properties Realty Trust, Inc. REIT3 | 304,898 | |
Diversified Telecommunication Services — 1.3% | |||
15,300 | Verizon Communications, Inc. | 647,955 | |
Electric Utilities — 2.3% | |||
10,120 | ALLETE, Inc. | 598,193 | |
2,560 | Entergy Corp. | 255,386 |
See Notes to Schedules of Portfolio Investments
28 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Long/Short Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Electric Utilities — (Continued) | |||
4,120 | Pinnacle West Capital Corp. | $283,868 | |
1,137,447 | |||
Electronic Equipment, Instruments & Components — 4.3% | |||
7,300 | Jabil, Inc. | 914,617 | |
15,740 | Sanmina Corp.1 | 941,567 | |
7,160 | Vontier Corp. | 247,664 | |
2,103,848 | |||
Energy Equipment & Services — 2.5% | |||
12,480 | Baker Hughes Co. Class A | 355,680 | |
40,440 | Liberty Energy, Inc. | 840,748 | |
1,196,428 | |||
Financial Services — 4.7% | |||
5,160 | Essent Group Ltd.3 | 284,626 | |
48,160 | MGIC Investment Corp.3 | 955,494 | |
18,920 | Radian Group, Inc.3 | 548,301 | |
40,100 | Western Union Co.3 | 504,057 | |
2,292,478 | |||
Food Products — 1.1% | |||
5,420 | Cal-Maine Foods, Inc. | 300,376 | |
3,800 | General Mills, Inc. | 246,658 | |
547,034 | |||
Ground Transportation — 0.6% | |||
8,820 | CSX Corp. | 314,874 | |
Health Care Equipment & Supplies — 1.3% | |||
8,060 | Merit Medical Systems, Inc.1 | 631,098 | |
Health Care Providers & Services — 3.9% | |||
11,860 | Centene Corp.1 | 893,176 | |
6,300 | CVS Health Corp. | 468,531 | |
25,740 | Premier, Inc. Class A | 556,499 | |
1,918,206 | |||
Hotel & Resort REITs — 1.0% | |||
29,020 | Apple Hospitality REIT, Inc.3 | 466,061 | |
Hotels, Restaurants & Leisure — 1.7% | |||
32,540 | International Game Technology PLC | 844,738 | |
Household Durables — 2.6% | |||
6,500 | PulteGroup, Inc. | 679,640 | |
10,800 | Taylor Morrison Home Corp.1 | 563,112 | |
1,242,752 | |||
Household Products — 1.3% | |||
3,900 | Procter & Gamble Co. | 612,846 | |
Insurance — 3.8% | |||
5,020 | Arch Capital Group Ltd.1 | 413,799 | |
4,000 | Brown & Brown, Inc. | 310,240 | |
5,660 | CNA Financial Corp. | 249,436 | |
18,120 | Unum Group | 875,921 | |
1,849,396 | |||
Interactive Media & Service — 1.4% | |||
30,000 | Cargurus, Inc.1 | 697,200 |
See Notes to Schedules of Portfolio Investments
29 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Long/Short Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
IT Services — 2.9% | |||
8,800 | Amdocs Ltd. | $806,784 | |
7,580 | Cognizant Technology Solutions Corp. Class A | 584,570 | |
1,391,354 | |||
Machinery — 1.9% | |||
29,620 | Gates Industrial Corp. PLC1,3 | 381,506 | |
4,600 | ITT, Inc.3 | 555,588 | |
937,094 | |||
Media — 2.4% | |||
14,800 | Comcast Corp. Class A | 688,792 | |
9,940 | New York Times Co. Class A | 482,686 | |
1,171,478 | |||
Metals & Mining — 3.2% | |||
11,520 | Commercial Metals Co. | 601,574 | |
3,300 | Reliance Steel & Aluminum Co. | 941,886 | |
1,543,460 | |||
Multi-Utilities — 2.2% | |||
6,140 | Consolidated Edison, Inc. | 558,126 | |
19,600 | NiSource, Inc. | 509,012 | |
1,067,138 | |||
Oil, Gas & Consumable Fuels — 0.6% | |||
1,760 | Marathon Petroleum Corp. | 291,456 | |
Passenger Airlines — 1.1% | |||
10,160 | SkyWest, Inc.1 | 541,122 | |
Pharmaceuticals — 1.8% | |||
27,540 | Elanco Animal Health, Inc.1 | 405,940 | |
15,140 | Perrigo Co. PLC | 485,691 | |
891,631 | |||
Professional Services — 4.2% | |||
21,760 | Genpact Ltd. | 781,184 | |
9,620 | Parsons Corp.1 | 626,743 | |
5,600 | TriNet Group, Inc.1 | 636,720 | |
2,044,647 | |||
Residential REITs — 0.7% | |||
10,060 | American Homes 4 Rent Class A3 | 352,603 | |
Retail REITs — 2.4% | |||
22,640 | Kite Realty Group Trust3 | 484,496 | |
10,760 | Regency Centers Corp. REIT3 | 674,329 | |
1,158,825 | |||
Semiconductors & Semiconductor Equipment — 1.9% | |||
11,520 | Amkor Technology, Inc. | 364,723 | |
17,360 | Veeco Instruments, Inc.1 | 553,437 | |
918,160 | |||
Software — 3.9% | |||
13,220 | Box, Inc. Class A1 | 343,456 | |
5,700 | Dolby Laboratories, Inc. Class A | 474,126 | |
25,100 | Dropbox, Inc. Class A1 | 795,168 | |
13,760 | Freshworks, Inc. Class A1 | 305,472 | |
1,918,222 |
See Notes to Schedules of Portfolio Investments
30 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Long/Short Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Specialized REITs — 1.2% | |||
19,340 | VICI Properties, Inc.3 | $582,521 | |
Specialty Retail — 1.9% | |||
6,480 | TJX Cos., Inc. | 615,017 | |
7,940 | Urban Outfitters, Inc.1 | 301,720 | |
916,737 | |||
Textiles, Apparel & Luxury Goods — 1.3% | |||
9,900 | Skechers USA, Inc. Class A1 | 618,156 | |
Trading Companies & Distributors — 1.9% | |||
20,200 | Rush Enterprises, Inc. Class A3 | 907,182 | |
TOTAL COMMON STOCKS (Cost $32,836,703) | 45,840,836 | ||
Face Amount | |||
REPURCHASE AGREEMENT* — 3.2% | |||
$1,589,973 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $1,590,044, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $1,322,100, coupon rate of 0.125%, due 7/15/26, market value of $1,621,882) | 1,589,973 | |
TOTAL REPURCHASE AGREEMENT (Cost $1,589,973) | 1,589,973 | ||
Shares | |||
INVESTMENT OF SECURITY LENDING COLLATERAL* — 0.0% | |||
4,232 | State Street Navigator Securities Lending Government Money Market Portfolio4 | 4,232 | |
TOTAL INVESTMENT OF SECURITY LENDING COLLATERAL (Cost $4,232) | 4,232 | ||
TOTAL LONG INVESTMENTS (Cost $34,430,908) | 97.4% | $47,435,041 | |
COMMON STOCKS SOLD SHORT* — (63.7)% | |||
Aerospace & Defense — (2.7)% | |||
(3,720) | Boeing Co.1 | (785,069) | |
(3,000) | HEICO Corp. | (538,770) | |
(1,323,839) | |||
Automobile Components — (0.9)% | |||
(3,980) | LCI Industries | (442,894) | |
Banks — (1.8)% | |||
(11,420) | Glacier Bancorp, Inc. | (441,497) | |
(16,780) | Seacoast Banking Corp. of Florida | (412,117) | |
(853,614) | |||
Beverages — (1.3)% | |||
(720) | Boston Beer Co., Inc. Class A1 | (251,474) | |
(7,300) | Brown-Forman Corp. Class B | (400,770) | |
(652,244) | |||
Capital Markets — (4.9)% | |||
(7,140) | Charles Schwab Corp. | (449,249) | |
(1,060) | FactSet Research Systems, Inc. | (504,475) | |
(1,000) | Goldman Sachs Group, Inc. | (384,010) | |
(1,280) | Moody’s Corp. | (501,811) |
See Notes to Schedules of Portfolio Investments
31 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Long/Short Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS SOLD SHORT* — (Continued) | |||
Capital Markets — (Continued) | |||
(6,120) | Morgan Stanley | $(533,909) | |
(2,373,454) | |||
Chemicals — (2.5)% | |||
(3,120) | Celanese Corp. | (456,425) | |
(2,540) | FMC Corp. | (142,748) | |
(4,480) | International Flavors & Fragrances, Inc. | (361,446) | |
(4,600) | Scotts Miracle-Gro Co. | (258,796) | |
(1,219,415) | |||
Commercial Services & Supplies — (3.3)% | |||
(4,300) | Casella Waste Systems, Inc. Class A1 | (366,962) | |
(13,140) | Stericycle, Inc.1 | (630,720) | |
(3,200) | Waste Management, Inc. | (594,016) | |
(1,591,698) | |||
Construction & Engineering — (1.3)% | |||
(9,920) | MasTec, Inc.1 | (651,446) | |
Consumer Staples Distribution & Retail — (1.6)% | |||
(4,020) | Dollar General Corp. | (530,922) | |
(11,760) | Walgreens Boots Alliance, Inc. | (265,423) | |
(796,345) | |||
Distributors — (1.1)% | |||
(1,420) | Pool Corp. | (527,175) | |
Diversified Consumer Services — (1.4)% | |||
(6,840) | Bright Horizons Family Solutions, Inc.1 | (672,030) | |
Electric Utilities — (2.3)% | |||
(8,300) | MGE Energy, Inc. | (535,267) | |
(8,320) | Southern Co. | (578,406) | |
(1,113,673) | |||
Electrical Equipment — (0.9)% | |||
(3,360) | Regal Rexnord Corp. | (448,426) | |
Electronic Equipment, Instruments & Components — (3.0)% | |||
(11,040) | Cognex Corp. | (398,986) | |
(1,500) | Teledyne Technologies, Inc.1 | (627,705) | |
(1,800) | Zebra Technologies Corp. Class A1 | (431,190) | |
(1,457,881) | |||
Entertainment — (1.5)% | |||
(1,260) | Take-Two Interactive Software, Inc.1 | (207,812) | |
(5,660) | Walt Disney Co. | (543,643) | |
(751,455) | |||
Food Products — (1.1)% | |||
(3,000) | Lancaster Colony Corp. | (551,340) | |
Ground Transportation — (1.4)% | |||
(2,720) | Union Pacific Corp. | (663,490) | |
Health Care Equipment & Supplies — (3.6)% | |||
(11,140) | Baxter International, Inc. | (431,007) | |
(2,020) | Becton Dickinson & Co. | (482,396) | |
(720) | Cooper Cos., Inc. | (268,582) | |
(1,480) | Intuitive Surgical, Inc.1 | (559,765) | |
(1,741,750) |
See Notes to Schedules of Portfolio Investments
32 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Long/Short Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS SOLD SHORT* — (Continued) | |||
Health Care REITs — (1.6)% | |||
(27,160) | Healthcare Realty Trust, Inc. Class A | $(437,547) | |
(6,020) | National Health Investors, Inc. REIT | (320,144) | |
(757,691) | |||
Hotels, Restaurants & Leisure — (2.8)% | |||
(7,060) | Cracker Barrel Old Country Store, Inc. | (546,091) | |
(3,020) | Darden Restaurants, Inc. | (490,992) | |
(4,740) | Papa John’s International, Inc. | (348,295) | |
(1,385,378) | |||
Household Durables — (0.9)% | |||
(27,080) | Sonos, Inc.1 | (421,906) | |
Independent Power & Renewable Electricity Producer — (0.7)% | |||
(5,520) | Ormat Technologies, Inc. | (357,034) | |
Insurance — (3.3)% | |||
(11,700) | Kemper Corp. | (702,000) | |
(180) | Markel Group, Inc.1 | (269,537) | |
(2,980) | Travelers Cos., Inc. | (629,853) | |
(1,601,390) | |||
Leisure Equipment & Products — (1.0)% | |||
(9,700) | Hasbro, Inc. | (474,815) | |
Life Sciences Tools & Services — (0.2)% | |||
(740) | Illumina, Inc.1 | (105,827) | |
Machinery — (1.6)% | |||
(2,120) | RBC Bearings, Inc.1 | (569,305) | |
(2,300) | Stanley Black & Decker, Inc. | (214,590) | |
(783,895) | |||
Mortgage Real Estate Investment Trust — (0.5)% | |||
(13,220) | Annaly Capital Management, Inc. REIT | (253,692) | |
Office REITs — (1.1)% | |||
(20,340) | Vornado Realty Trust | (553,045) | |
Oil, Gas & Consumable Fuels — (0.9)% | |||
(7,880) | Occidental Petroleum Corp. | (453,652) | |
Passenger Airlines — (1.1)% | |||
(17,360) | Southwest Airlines Co. | (518,890) | |
Personal Care Products — (0.8)% | |||
(2,920) | Estee Lauder Cos., Inc. Class A | (385,411) | |
Professional Services — (1.6)% | |||
(3,240) | Equifax, Inc. | (791,662) | |
Semiconductors & Semiconductor Equipment — (0.6)% | |||
(1,660) | Advanced Micro Devices, Inc.1 | (278,365) | |
Software — (3.5)% | |||
(1,620) | ANSYS, Inc.1 | (531,084) | |
(2,100) | PTC, Inc.1 | (379,365) | |
(1,820) | Tyler Technologies, Inc.1 | (769,405) | |
(1,679,854) | |||
Specialized REITs — (2.3)% | |||
(4,420) | Digital Realty Trust, Inc. | (620,833) |
See Notes to Schedules of Portfolio Investments
33 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Long/Short Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS SOLD SHORT* — (Continued) | |||
Specialized REITs — (Continued) | |||
(10,990) | PotlatchDeltic Corp. | $(491,583) | |
(1,112,416) | |||
Specialty Retail — (1.3)% | |||
(19,400) | Monro, Inc. | (618,084) | |
Textiles, Apparel & Luxury Goods — (0.5)% | |||
(15,800) | VF Corp. | (260,068) | |
Water Utilities — (0.8)% | |||
(8,680) | California Water Service Group | (392,944) | |
TOTAL COMMON STOCKS SOLD SHORT (Proceeds $(36,459,590)) | (31,018,188) | ||
TOTAL SHORT INVESTMENTS (Proceeds $(36,459,590)) | (63.7)% | $(31,018,188) | |
TOTAL INVESTMENTS (Cost $(2,028,682)) | 33.7% | $16,416,853 | |
OTHER ASSETS IN EXCESS OF LIABILITIES | 66.3 | 32,257,672 | |
NET ASSETS | 100.0% | $48,674,525 |
* | Percentages indicated are based on net assets. |
1 | Non income-producing security. |
2 | Securities or partial securities on loan. See Note 1. |
3 | All or portion of security pledged as collateral for securities sold short. The total market value of collateral is $7,054,939. |
4 | Represents an investment of securities lending cash collateral. |
See Notes to Schedules of Portfolio Investments
34 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Total Market Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — 129.9% | |||
Automobile Components — 0.9% | |||
15,140 | Atmus Filtration Technologies, Inc.1 | $338,076 | |
Automobiles — 1.3% | |||
40,400 | Ford Motor Co.2 | 473,488 | |
Banks — 3.2% | |||
18,400 | Fifth Third Bancorp2 | 630,016 | |
33,500 | Old National Bancorp | 551,745 | |
1,181,761 | |||
Beverages — 1.3% | |||
7,740 | Molson Coors Beverage Co. Class B2 | 478,255 | |
Biotechnology — 2.4% | |||
38,660 | Catalyst Pharmaceuticals, Inc.1 | 556,704 | |
15,600 | Exelixis, Inc.1 | 339,456 | |
896,160 | |||
Broadline Retail — 1.5% | |||
13,900 | eBay, Inc.2 | 570,873 | |
Building Products — 2.2% | |||
14,660 | Carrier Global Corp.2 | 802,049 | |
Capital Markets — 2.0% | |||
5,800 | Interactive Brokers Group, Inc. Class A2 | 514,750 | |
4,140 | Nasdaq, Inc.2 | 239,168 | |
753,918 | |||
Communications Equipment — 3.6% | |||
13,020 | Cisco Systems, Inc.2 | 653,344 | |
17,740 | Juniper Networks, Inc.2 | 655,670 | |
1,309,014 | |||
Construction & Engineering — 3.6% | |||
3,000 | AECOM2 | 264,571 | |
4,566 | EMCOR Group, Inc.2 | 1,041,550 | |
1,306,121 | |||
Consumer Staples Distribution & Retail — 2.2% | |||
16,400 | Sprouts Farmers Market, Inc.1,2 | 826,068 | |
Containers & Packaging — 1.3% | |||
2,920 | Packaging Corp. of America2 | 484,370 | |
Distributors — 1.8% | |||
14,560 | LKQ Corp. | 679,515 | |
Diversified Consumer Services — 1.5% | |||
8,980 | Stride, Inc.1,2 | 538,351 | |
Electric Utilities — 1.8% | |||
3,060 | ALLETE, Inc. | 180,877 | |
4,800 | Entergy Corp.2 | 478,848 | |
659,725 | |||
Electrical Equipment — 1.7% | |||
10,300 | nVent Electric PLC2 | 618,412 | |
Electronic Equipment, Instruments & Components — 3.3% | |||
11,760 | Sanmina Corp.1 | 703,483 |
See Notes to Schedules of Portfolio Investments
35 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Total Market Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Electronic Equipment, Instruments & Components — (Continued) | |||
14,780 | Vontier Corp. | $511,240 | |
1,214,723 | |||
Energy Equipment & Services — 3.4% | |||
13,960 | Baker Hughes Co. Class A2 | 397,860 | |
40,300 | Liberty Energy, Inc. | 837,837 | |
1,235,697 | |||
Financial Services — 7.4% | |||
10,200 | Essent Group Ltd. | 562,632 | |
52,320 | MGIC Investment Corp. | 1,038,029 | |
17,700 | NMI Holdings, Inc. Class A1 | 564,984 | |
43,300 | Western Union Co.2 | 544,281 | |
2,709,926 | |||
Food Products — 1.2% | |||
6,600 | General Mills, Inc.2 | 428,406 | |
Gas Utilities — 1.0% | |||
7,460 | National Fuel Gas Co.2 | 351,814 | |
Ground Transportation — 1.6% | |||
10,040 | CSX Corp.2 | 358,428 | |
11,200 | RXO, Inc.1,2 | 232,960 | |
591,388 | |||
Health Care Equipment & Supplies — 1.8% | |||
8,420 | Merit Medical Systems, Inc.1 | 659,286 | |
Health Care Providers & Services — 5.0% | |||
7,780 | Centene Corp.1,2 | 585,912 | |
2,548 | Molina Healthcare, Inc.1,2 | 908,209 | |
16,160 | Premier, Inc. Class A | 349,379 | |
1,843,500 | |||
Hotels, Restaurants & Leisure — 2.3% | |||
32,660 | International Game Technology PLC2 | 847,854 | |
Household Durables — 2.7% | |||
19,300 | Taylor Morrison Home Corp.1,2 | 1,006,302 | |
Household Products — 0.8% | |||
1,800 | Procter & Gamble Co.2 | 282,852 | |
Industrial REITs — 0.9% | |||
8,580 | STAG Industrial, Inc.2 | 316,945 | |
Insurance — 5.2% | |||
9,920 | Arch Capital Group Ltd.1,2 | 817,705 | |
3,300 | Axis Capital Holdings Ltd. | 196,416 | |
2,360 | Brown & Brown, Inc.2 | 183,042 | |
14,880 | Unum Group2 | 719,299 | |
1,916,462 | |||
Interactive Media & Service — 1.8% | |||
28,280 | Cargurus, Inc.1 | 657,227 | |
IT Services — 4.0% | |||
1,600 | Akamai Technologies, Inc.1,2 | 197,168 | |
8,000 | Amdocs Ltd. | 733,440 | |
7,220 | Cognizant Technology Solutions Corp. Class A2 | 556,806 | |
1,487,414 |
See Notes to Schedules of Portfolio Investments
36 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Total Market Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Machinery — 3.0% | |||
15,200 | Gates Industrial Corp. PLC1,2 | $195,776 | |
2,700 | ITT, Inc.2 | 326,106 | |
5,820 | PACCAR, Inc.2 | 584,270 | |
1,106,152 | |||
Media — 6.6% | |||
17,600 | Comcast Corp. Class A2 | 819,104 | |
7,460 | Fox Corp. Class A | 240,958 | |
4,540 | New York Times Co. Class A | 220,462 | |
6,780 | Omnicom Group, Inc. | 612,777 | |
33,400 | TEGNA, Inc. | 520,706 | |
2,414,007 | |||
Metals & Mining — 3.7% | |||
11,960 | Commercial Metals Co. | 624,551 | |
2,546 | Reliance Steel & Aluminum Co.2 | 726,679 | |
1,351,230 | |||
Multi-Utilities — 1.6% | |||
22,020 | NiSource, Inc.2 | 571,859 | |
Oil, Gas & Consumable Fuels — 2.8% | |||
7,020 | EQT Corp.2 | 248,508 | |
4,720 | HF Sinclair Corp. | 266,633 | |
3,100 | Marathon Petroleum Corp.2 | 513,360 | |
1,028,501 | |||
Personal Care Products — 2.8% | |||
6,540 | elf Beauty, Inc.1,2 | 1,043,326 | |
Pharmaceuticals — 3.5% | |||
10,160 | Amphastar Pharmaceuticals, Inc.1 | 542,138 | |
9,100 | Bristol-Myers Squibb Co.2 | 444,717 | |
9,240 | Perrigo Co. PLC | 296,419 | |
1,283,274 | |||
Professional Services — 4.3% | |||
45,300 | Clarivate PLC1,3 | 404,982 | |
16,560 | Genpact Ltd.2 | 594,504 | |
4,940 | Parsons Corp.1,2 | 321,841 | |
2,200 | TriNet Group, Inc.1,2 | 250,140 | |
1,571,467 | |||
Residential REITs — 1.4% | |||
14,400 | American Homes 4 Rent Class A2 | 504,720 | |
Retail REITs — 2.4% | |||
23,880 | Kite Realty Group Trust | 511,032 | |
5,640 | Regency Centers Corp. REIT2 | 353,459 | |
864,491 | |||
Semiconductors & Semiconductor Equipment — 5.2% | |||
21,620 | Amkor Technology, Inc. | 684,489 | |
2,460 | Diodes, Inc.1 | 165,607 | |
8,340 | Kulicke & Soffa Industries, Inc. | 419,669 | |
5,180 | ON Semiconductor Corp.1,2 | 368,453 | |
8,260 | Veeco Instruments, Inc.1 | 263,329 | |
1,901,547 |
See Notes to Schedules of Portfolio Investments
37 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Total Market Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Software — 8.2% | |||
18,060 | Box, Inc. Class A1 | $469,199 | |
2,900 | Dolby Laboratories, Inc. Class A | 241,222 | |
23,920 | Dropbox, Inc. Class A1,2 | 757,785 | |
17,120 | PagerDuty, Inc.1,3 | 405,402 | |
3,380 | Progress Software Corp. | 192,018 | |
5,200 | SPS Commerce, Inc.1 | 955,760 | |
3,021,386 | |||
Specialized REITs — 0.7% | |||
8,080 | VICI Properties, Inc.2 | 243,370 | |
Specialty Retail — 3.2% | |||
10,300 | Guess?, Inc. | 230,102 | |
6,900 | TJX Cos., Inc.2 | 654,879 | |
7,300 | Urban Outfitters, Inc.1 | 277,400 | |
1,162,381 | |||
Technology Hardware, Storage & Peripherals — 2.9% | |||
43,460 | Hewlett Packard Enterprise Co.2 | 664,503 | |
21,820 | Xerox Holdings Corp. | 402,797 | |
1,067,300 | |||
Textiles, Apparel & Luxury Goods — 0.7% | |||
3,920 | Skechers USA, Inc. Class A1,2 | 244,765 | |
Trading Companies & Distributors — 2.2% | |||
4,560 | WESCO International, Inc.2 | 791,251 | |
TOTAL COMMON STOCKS (Cost $33,873,291) | 47,636,979 | ||
Face Amount | |||
REPURCHASE AGREEMENT* — 0.2% | |||
$76,072 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $76,076, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $63,300, coupon rate of 0.125%, due 7/15/26, market value of $77,653) | 76,072 | |
TOTAL REPURCHASE AGREEMENT (Cost $76,072) | 76,072 | ||
Shares | |||
INVESTMENT OF SECURITY LENDING COLLATERAL* — 2.3% | |||
849,790 | State Street Navigator Securities Lending Government Money Market Portfolio4 | 849,790 | |
TOTAL INVESTMENT OF SECURITY LENDING COLLATERAL (Cost $849,790) | 849,790 | ||
TOTAL LONG INVESTMENTS (Cost $34,799,153) | 132.4% | $48,562,841 | |
COMMON STOCKS SOLD SHORT* — (29.9)% | |||
Aerospace & Defense — (1.6)% | |||
(640) | Boeing Co.1 | (135,065) | |
(800) | HEICO Corp. | (143,672) | |
(280) | Northrop Grumman Corp. | (125,093) | |
(160) | TransDigm Group, Inc. | (174,829) | |
(578,659) |
See Notes to Schedules of Portfolio Investments
38 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Total Market Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS SOLD SHORT* — (Continued) | |||
Banks — (0.4)% | |||
(3,500) | Glacier Bancorp, Inc. | $(135,310) | |
Beverages — (0.4)% | |||
(2,560) | Brown-Forman Corp. Class B | (140,544) | |
Building Products — (0.6)% | |||
(2,800) | Trex Co., Inc.1 | (228,144) | |
Capital Markets — (2.1)% | |||
(1,700) | Charles Schwab Corp. | (106,964) | |
(300) | FactSet Research Systems, Inc. | (142,776) | |
(280) | Goldman Sachs Group, Inc. | (107,523) | |
(300) | Moody’s Corp. | (117,612) | |
(1,800) | Morgan Stanley | (157,032) | |
(520) | Morningstar, Inc. | (145,236) | |
(777,143) | |||
Chemicals — (0.8)% | |||
(2,760) | FMC Corp. | (155,112) | |
(1,600) | International Flavors & Fragrances, Inc. | (129,088) | |
(284,200) | |||
Commercial Services & Supplies — (2.5)% | |||
(1,900) | Casella Waste Systems, Inc. Class A1 | (162,146) | |
(4,600) | Rollins, Inc. | (199,226) | |
(4,040) | Stericycle, Inc.1 | (193,920) | |
(900) | UniFirst Corp. | (152,478) | |
(1,120) | Waste Management, Inc. | (207,906) | |
(915,676) | |||
Construction & Engineering — (0.7)% | |||
(1,140) | Dycom Industries, Inc.1 | (127,338) | |
(2,100) | MasTec, Inc.1 | (137,907) | |
(265,245) | |||
Consumer Staples Distribution & Retail — (0.8)% | |||
(960) | Dollar General Corp. | (126,787) | |
(6,780) | Walgreens Boots Alliance, Inc. | (153,025) | |
(279,812) | |||
Distributors — (0.4)% | |||
(400) | Pool Corp. | (148,500) | |
Diversified Consumer Services — (0.3)% | |||
(1,180) | Bright Horizons Family Solutions, Inc.1 | (115,935) | |
Electric Utilities — (1.3)% | |||
(2,280) | MGE Energy, Inc. | (147,037) | |
(3,200) | NRG Energy, Inc. | (169,728) | |
(2,320) | Southern Co. | (161,287) | |
(478,052) | |||
Electrical Equipment — (0.7)% | |||
(1,100) | Regal Rexnord Corp. | (146,806) | |
(500) | Rockwell Automation, Inc. | (126,640) | |
(273,446) | |||
Electronic Equipment, Instruments & Components — (1.0)% | |||
(1,980) | Cognex Corp. | (71,557) | |
(4,840) | Corning, Inc. | (157,252) |
See Notes to Schedules of Portfolio Investments
39 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Total Market Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS SOLD SHORT* — (Continued) | |||
Electronic Equipment, Instruments & Components — (Continued) | |||
(620) | Zebra Technologies Corp. Class A1 | $(148,521) | |
(377,330) | |||
Food Products — (1.2)% | |||
(780) | Hershey Co. | (150,961) | |
(800) | J&J Snack Foods Corp. | (127,384) | |
(860) | Lancaster Colony Corp. | (158,051) | |
(436,396) | |||
Ground Transportation — (0.5)% | |||
(740) | Norfolk Southern Corp. | (174,078) | |
Health Care Equipment & Supplies — (1.2)% | |||
(500) | Becton Dickinson & Co. | (119,405) | |
(400) | Cooper Cos., Inc. | (149,212) | |
(460) | Intuitive Surgical, Inc.1 | (173,981) | |
(442,598) | |||
Health Care REITs — (1.2)% | |||
(8,640) | Healthcare Realty Trust, Inc. Class A | (139,190) | |
(2,660) | National Health Investors, Inc. REIT | (141,459) | |
(3,700) | Ventas, Inc. | (171,643) | |
(452,292) | |||
Hotels, Restaurants & Leisure — (1.1)% | |||
(1,300) | Churchill Downs, Inc. | (157,261) | |
(1,580) | Cracker Barrel Old Country Store, Inc. | (122,213) | |
(1,880) | Papa John’s International, Inc. | (138,143) | |
(417,617) | |||
Household Durables — (0.4)% | |||
(8,420) | Sonos, Inc.1 | (131,184) | |
Household Products — (0.4)% | |||
(1,060) | Clorox Co. | (153,965) | |
Independent Power & Renewable Electricity Producer — (0.2)% | |||
(1,380) | Ormat Technologies, Inc. | (89,258) | |
Insurance — (2.4)% | |||
(3,860) | Kemper Corp. | (231,600) | |
(100) | Markel Group, Inc.1 | (149,743) | |
(2,100) | Principal Financial Group, Inc. | (166,110) | |
(1,000) | Progressive Corp. | (178,250) | |
(800) | Travelers Cos., Inc. | (169,088) | |
(894,791) | |||
Leisure Equipment & Products — (0.4)% | |||
(3,040) | Hasbro, Inc. | (148,808) | |
Machinery — (0.9)% | |||
(700) | RBC Bearings, Inc.1 | (187,978) | |
(1,620) | Stanley Black & Decker, Inc. | (151,146) | |
(339,124) | |||
Metals & Mining — (0.4)% | |||
(35,940) | Hecla Mining Co. | (136,931) | |
Office REITs — (0.5)% | |||
(6,260) | Vornado Realty Trust | (170,209) |
See Notes to Schedules of Portfolio Investments
40 |
THE GLENMEDE FUND, INC.
Quantitative U.S. Total Market Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS SOLD SHORT* — (Continued) | |||
Oil, Gas & Consumable Fuels — (0.8)% | |||
(2,700) | Occidental Petroleum Corp. | $(155,439) | |
(6,440) | Sitio Royalties Corp. Class A | (137,365) | |
(292,804) | |||
Passenger Airlines — (0.4)% | |||
(5,300) | Southwest Airlines Co. | (158,417) | |
Personal Care Products — (0.4)% | |||
(1,060) | Estee Lauder Cos., Inc. Class A | (139,909) | |
Professional Services — (0.6)% | |||
(900) | Equifax, Inc. | (219,906) | |
Software — (0.5)% | |||
(400) | Tyler Technologies, Inc.1 | (169,100) | |
Specialized REITs — (0.9)% | |||
(1,420) | Digital Realty Trust, Inc. | (199,453) | |
(3,020) | PotlatchDeltic Corp. | (135,085) | |
(334,538) | |||
Textiles, Apparel & Luxury Goods — (0.4)% | |||
(8,220) | VF Corp. | (135,301) | |
Trading Companies & Distributors — (1.0)% | |||
(1,400) | McGrath RentCorp | (175,910) | |
(300) | United Rentals, Inc. | (187,620) | |
(363,530) | |||
Water Utilities — (0.5)% | |||
(3,660) | California Water Service Group | (165,688) | |
TOTAL COMMON STOCKS SOLD SHORT (Proceeds $(11,619,838)) | (10,964,440) | ||
TOTAL SHORT INVESTMENTS (Proceeds $(11,619,838)) | (29.9)% | $(10,964,440) | |
TOTAL INVESTMENTS (Cost $23,179,315) | 102.5% | $37,598,401 | |
LIABILITIES IN EXCESS OF OTHER ASSETS | (2.5) | (926,567) | |
NET ASSETS | 100.0% | $36,671,834 |
* | Percentages indicated are based on net assets. |
1 | Non income-producing security. |
2 | All or portion of security pledged as collateral for securities sold short. The total market value of collateral is $12,940,489. |
3 | Securities or partial securities on loan. See Note 1. |
4 | Represents an investment of securities lending cash collateral. |
See Notes to Schedules of Portfolio Investments
41 |
THE GLENMEDE FUND, INC.
Strategic Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — 99.5% | |||
Aerospace & Defense — 1.8% | |||
35,456 | RTX Corp. | $3,230,751 | |
Banks — 4.4% | |||
24,556 | JPMorgan Chase & Co. | 4,281,584 | |
23,861 | PNC Financial Services Group, Inc. | 3,608,022 | |
7,889,606 | |||
Beverages — 1.8% | |||
18,723 | PepsiCo, Inc. | 3,155,387 | |
Broadline Retail — 2.3% | |||
25,943 | Amazon.com, Inc.1 | 4,026,354 | |
Capital Markets — 3.1% | |||
31,181 | Charles Schwab Corp. | 1,961,909 | |
28,247 | Intercontinental Exchange, Inc. | 3,596,690 | |
5,558,599 | |||
Chemicals — 1.4% | |||
17,821 | PPG Industries, Inc. | 2,513,474 | |
Communications Equipment — 1.6% | |||
58,512 | Cisco Systems, Inc. | 2,936,132 | |
Construction Materials — 3.2% | |||
11,114 | Martin Marietta Materials, Inc. | 5,650,580 | |
Consumer Staples Distribution & Retail — 1.0% | |||
13,912 | Dollar General Corp. | 1,837,358 | |
Electrical Equipment — 2.4% | |||
26,226 | AMETEK, Inc. | 4,249,923 | |
Electronic Equipment, Instruments & Components — 3.3% | |||
58,112 | Amphenol Corp. Class A | 5,875,123 | |
Financial Services — 6.1% | |||
25,668 | Global Payments, Inc. | 3,419,747 | |
16,516 | Mastercard, Inc. Class A | 7,419,483 | |
10,839,230 | |||
Ground Transportation — 4.5% | |||
10,825 | Old Dominion Freight Line, Inc. | 4,232,791 | |
15,861 | Union Pacific Corp. | 3,868,974 | |
8,101,765 | |||
Health Care Equipment & Supplies — 3.8% | |||
36,450 | Abbott Laboratories | 4,124,318 | |
7,976 | Stryker Corp. | 2,675,788 | |
6,800,106 | |||
Health Care Providers & Services — 3.3% | |||
17,698 | Laboratory Corp. of America Holdings | 3,934,265 | |
3,793 | UnitedHealth Group, Inc. | 1,941,030 | |
5,875,295 | |||
Hotels, Restaurants & Leisure — 4.7% | |||
1,591 | Booking Holdings, Inc.1 | 5,580,385 | |
21,234 | Yum! Brands, Inc. | 2,749,590 | |
8,329,975 |
See Notes to Schedules of Portfolio Investments
42 |
THE GLENMEDE FUND, INC.
Strategic Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Household Products — 1.5% | |||
27,691 | Church & Dwight Co., Inc. | $2,764,946 | |
Insurance — 1.8% | |||
13,199 | Chubb Ltd. | 3,233,755 | |
Interactive Media & Service — 5.6% | |||
70,900 | Alphabet, Inc. Class C1 | 10,053,620 | |
IT Services — 5.0% | |||
11,042 | Accenture PLC Class A | 4,017,963 | |
10,733 | Gartner, Inc.1 | 4,909,704 | |
8,927,667 | |||
Life Sciences Tools & Services — 3.5% | |||
13,549 | IQVIA Holdings, Inc.1 | 2,821,308 | |
10,619 | Waters Corp.1 | 3,373,763 | |
6,195,071 | |||
Machinery — 1.9% | |||
7,383 | Parker-Hannifin Corp. | 3,429,404 | |
Media — 2.4% | |||
90,756 | Comcast Corp. Class A | 4,223,784 | |
Oil, Gas & Consumable Fuels — 2.6% | |||
31,566 | Chevron Corp. | 4,653,775 | |
Pharmaceuticals — 4.4% | |||
43,246 | Bristol-Myers Squibb Co. | 2,113,432 | |
8,886 | Eli Lilly & Co. | 5,736,890 | |
7,850,322 | |||
Software — 11.1% | |||
8,282 | Adobe, Inc.1 | 5,116,454 | |
25,687 | Microsoft Corp. | 10,212,638 | |
39,173 | Oracle Corp. | 4,375,624 | |
19,704,716 | |||
Specialty Retail — 6.8% | |||
6,638 | Home Depot, Inc. | 2,342,948 | |
35,249 | Ross Stores, Inc. | 4,944,730 | |
9,475 | Ulta Beauty, Inc.1 | 4,756,924 | |
12,044,602 | |||
Technology Hardware, Storage & Peripherals — 4.2% | |||
40,199 | Apple, Inc. | 7,412,696 | |
TOTAL COMMON STOCKS (Cost $75,280,743) | 177,364,016 | ||
Face Amount | |||
REPURCHASE AGREEMENT* — 0.6% | |||
$1,023,030 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $1,023,075, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $850,700, coupon rate of 0.125%, due 7/15/26, market value of $1,043,593) | 1,023,030 | |
TOTAL REPURCHASE AGREEMENT (Cost $1,023,030) | 1,023,030 |
See Notes to Schedules of Portfolio Investments
43 |
THE GLENMEDE FUND, INC.
Strategic Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
TOTAL INVESTMENTS (Cost $76,303,773) | 100.1% | $178,387,046 | |
LIABILITIES IN EXCESS OF OTHER ASSETS | (0.1) | (117,532) | |
NET ASSETS | 100.0% | $178,269,514 |
* | Percentages indicated are based on net assets. |
1 | Non income-producing security. |
See Notes to Schedules of Portfolio Investments
44 |
THE GLENMEDE FUND, INC.
Small Cap Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — 98.2% | |||
Automobile Components — 0.7% | |||
70,934 | LCI Industries | $7,893,536 | |
Banks — 9.4% | |||
275,680 | Ameris Bancorp | 13,684,755 | |
411,731 | BankUnited, Inc. | 11,635,518 | |
371,677 | Cathay General Bancorp | 15,301,942 | |
1,202,972 | FNB Corp. | 15,855,171 | |
290,448 | Hancock Whitney Corp. | 13,102,109 | |
264,492 | Western Alliance Bancorp | 16,916,909 | |
144,553 | Wintrust Financial Corp. | 14,018,750 | |
100,515,154 | |||
Beverages — 0.9% | |||
654,518 | Primo Water Corp. | 9,542,872 | |
Biotechnology — 3.6% | |||
430,751 | Alkermes PLC1 | 11,651,814 | |
303,653 | Halozyme Therapeutics, Inc.1,2 | 10,278,654 | |
1,171,868 | Ironwood Pharmaceuticals, Inc.1 | 16,628,807 | |
38,559,275 | |||
Broadline Retail — 1.0% | |||
425,828 | Kohl’s Corp.2 | 10,969,329 | |
Building Products — 2.0% | |||
867,321 | Hayward Holdings, Inc.1,2 | 10,858,859 | |
121,282 | Masonite International Corp.1 | 11,164,008 | |
22,022,867 | |||
Capital Markets — 3.7% | |||
92,640 | Evercore, Inc. Class A | 15,909,067 | |
193,334 | Stifel Financial Corp. | 14,103,715 | |
555,165 | Virtu Financial, Inc. Class A | 9,321,221 | |
39,334,003 | |||
Chemicals — 1.0% | |||
238,731 | Ingevity Corp.1 | 10,399,122 | |
Construction & Engineering — 3.5% | |||
173,418 | Arcosa, Inc. | 13,575,161 | |
101,814 | Dycom Industries, Inc.1 | 11,372,624 | |
55,270 | EMCOR Group, Inc. | 12,607,640 | |
37,555,425 | |||
Consumer Staples Distribution & Retail — 0.8% | |||
330,056 | Grocery Outlet Holding Corp.1 | 8,178,788 | |
Containers & Packaging — 2.4% | |||
515,111 | Graphic Packaging Holding Co.2 | 13,140,482 | |
269,191 | Silgan Holdings, Inc. | 12,366,634 | |
25,507,116 | |||
Diversified Consumer Services — 1.3% | |||
418,891 | Frontdoor, Inc.1 | 13,722,869 | |
Electric Utilities — 0.8% | |||
201,166 | Portland General Electric Co. | 8,233,724 | |
Electrical Equipment — 1.2% | |||
141,197 | EnerSys | 13,494,197 |
See Notes to Schedules of Portfolio Investments
45 |
THE GLENMEDE FUND, INC.
Small Cap Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Electronic Equipment, Instruments & Components — 0.9% | |||
705,313 | TTM Technologies, Inc.1 | $9,810,904 | |
Energy Equipment & Services — 2.3% | |||
268,967 | Helmerich & Payne, Inc.2 | 10,828,612 | |
678,461 | Liberty Energy, Inc. | 14,105,204 | |
24,933,816 | |||
Financial Services — 1.1% | |||
408,150 | Radian Group, Inc. | 11,828,187 | |
Gas Utilities — 0.9% | |||
238,311 | New Jersey Resources Corp. | 9,730,238 | |
Health Care Equipment & Supplies — 3.5% | |||
91,297 | CONMED Corp. | 8,727,993 | |
203,403 | Globus Medical, Inc. Class A1 | 10,737,644 | |
268,296 | Integra LifeSciences Holdings Corp.1 | 10,772,085 | |
453,576 | Neogen Corp.1,2 | 7,030,428 | |
37,268,150 | |||
Health Care Providers & Services — 3.9% | |||
201,613 | HealthEquity, Inc.1 | 15,237,911 | |
984,799 | NeoGenomics, Inc.1 | 14,624,265 | |
1,165,155 | R1 RCM, Inc.1,2 | 11,931,187 | |
41,793,363 | |||
Health Care Technology — 2.0% | |||
561,878 | Certara, Inc.1 | 9,079,949 | |
424,486 | Evolent Health, Inc. Class A1 | 12,484,133 | |
21,564,082 | |||
Hotel & Resort REITs — 1.1% | |||
1,019,258 | RLJ Lodging Trust | 11,803,008 | |
Hotels, Restaurants & Leisure — 1.1% | |||
190,201 | Boyd Gaming Corp. | 12,075,861 | |
Household Durables — 2.3% | |||
284,184 | La-Z-Boy, Inc. | 9,892,445 | |
419,562 | Tri Pointe Homes, Inc.1 | 14,487,476 | |
24,379,921 | |||
Household Products — 0.9% | |||
296,714 | Energizer Holdings, Inc. | 9,382,097 | |
Industrial REITs — 1.8% | |||
890,816 | LXP Industrial Trust | 8,097,518 | |
305,665 | STAG Industrial, Inc. | 11,291,265 | |
19,388,783 | |||
Insurance — 1.3% | |||
230,703 | Stewart Information Services Corp. | 14,225,147 | |
Interactive Media & Services — 2.3% | |||
624,533 | Cargurus, Inc.1 | 14,514,147 | |
154,398 | Ziff Davis, Inc.1 | 10,406,425 | |
24,920,572 | |||
IT Services — 1.3% | |||
413,745 | DigitalOcean Holdings, Inc.1,2 | 13,951,481 |
See Notes to Schedules of Portfolio Investments
46 |
THE GLENMEDE FUND, INC.
Small Cap Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Leisure Equipment & Products — 0.9% | |||
223,095 | YETI Holdings, Inc.1,2 | $9,809,487 | |
Life Sciences Tools & Services — 3.1% | |||
1,905,153 | Maravai LifeSciences Holdings, Inc. Class A1 | 11,049,888 | |
51,690 | Medpace Holdings, Inc.1 | 15,071,770 | |
79,884 | Mesa Laboratories, Inc. | 7,318,972 | |
33,440,630 | |||
Machinery — 1.2% | |||
273,442 | Hillenbrand, Inc. | 12,734,194 | |
Media — 1.2% | |||
71,606 | Nexstar Media Group, Inc. | 12,725,102 | |
Multi-Utilities — 1.0% | |||
199,910 | Black Hills Corp. | 10,347,342 | |
Office REITs — 0.9% | |||
1,494,540 | Piedmont Office Realty Trust, Inc. Class A | 10,162,872 | |
Oil, Gas & Consumable Fuels — 3.6% | |||
844,497 | CNX Resources Corp.1 | 17,058,839 | |
348,181 | SM Energy Co. | 12,910,552 | |
701,285 | Talos Energy, Inc.1 | 9,095,666 | |
39,065,057 | |||
Pharmaceuticals — 2.3% | |||
305,888 | Pacira BioSciences, Inc.1 | 9,968,890 | |
241,444 | Prestige Consumer Healthcare, Inc.1 | 14,858,464 | |
24,827,354 | |||
Professional Services — 3.9% | |||
123,071 | ASGN, Inc.1 | 11,423,450 | |
41,844 | CACI International, Inc. Class A1 | 14,383,038 | |
653,623 | Verra Mobility Corp.1 | 15,628,126 | |
41,434,614 | |||
Real Estate Management & Development — 1.1% | |||
1,087,060 | Cushman & Wakefield PLC1 | 11,435,871 | |
Semiconductors & Semiconductor Equipment — 2.4% | |||
182,593 | Diodes, Inc.1 | 12,292,161 | |
191,767 | Rambus, Inc.1 | 13,141,792 | |
25,433,953 | |||
Software — 5.3% | |||
191,320 | CommVault Systems, Inc.1 | 17,540,218 | |
221,753 | Progress Software Corp. | 12,597,788 | |
81,898 | SPS Commerce, Inc.1 | 15,052,852 | |
395,526 | Verint Systems, Inc.1 | 11,743,167 | |
56,934,025 | |||
Specialty Retail — 4.3% | |||
67,802 | Asbury Automotive Group, Inc.1,2 | 14,174,686 | |
558,074 | Foot Locker, Inc.2 | 15,715,364 | |
459,393 | Valvoline, Inc.1 | 16,763,251 | |
46,653,301 | |||
Textiles, Apparel & Luxury Goods — 2.5% | |||
272,995 | Kontoor Brands, Inc.2 | 16,002,967 |
See Notes to Schedules of Portfolio Investments
47 |
THE GLENMEDE FUND, INC.
Small Cap Equity Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Textiles, Apparel & Luxury Goods — (Continued) | |||
1,389,146 | Under Armour, Inc. Class A1 | $10,585,292 | |
26,588,259 | |||
Trading Companies & Distributors — 5.5% | |||
244,577 | Beacon Roofing Supply, Inc.1 | 20,272,988 | |
159,993 | Boise Cascade Co. | 21,672,652 | |
96,891 | WESCO International, Inc. | 16,812,526 | |
58,758,166 | |||
TOTAL COMMON STOCKS (Cost $803,789,320) | 1,053,334,114 | ||
Face Amount | |||
REPURCHASE AGREEMENT* — 1.9% | |||
$19,700,299 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $19,701,174, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $16,380,200, coupon rate of 0.125%, due 7/15/26, market value of $20,094,353) | 19,700,299 | |
TOTAL REPURCHASE AGREEMENT (Cost $19,700,299) | 19,700,299 | ||
Shares | |||
INVESTMENT OF SECURITY LENDING COLLATERAL* — 3.9% | |||
42,084,946 | State Street Navigator Securities Lending Government Money Market Portfolio3 | 42,084,946 | |
TOTAL INVESTMENT OF SECURITY LENDING COLLATERAL (Cost $42,084,946) | 42,084,946 | ||
TOTAL INVESTMENTS (Cost $865,574,565) | 104.0% | $1,115,119,359 | |
LIABILITIES IN EXCESS OF OTHER ASSETS | (4.0) | (42,746,878) | |
NET ASSETS | 100.0% | $1,072,372,481 |
* | Percentages indicated are based on net assets. |
1 | Non income-producing security. |
2 | Securities or partial securities on loan. See Note 1. |
3 | Represents an investment of securities lending cash collateral. |
See Notes to Schedules of Portfolio Investments
48 |
THE GLENMEDE FUND, INC.
Equity Income Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — 99.7% | |||
Aerospace & Defense — 2.0% | |||
4,278 | RTX Corp. | $389,811 | |
Air Freight & Logistics — 1.4% | |||
1,841 | United Parcel Service, Inc. Class B | 261,238 | |
Banks — 3.2% | |||
3,475 | JPMorgan Chase & Co. | 605,901 | |
Beverages — 2.2% | |||
2,545 | PepsiCo, Inc. | 428,909 | |
Biotechnology — 2.6% | |||
1,615 | Amgen, Inc. | 507,530 | |
Capital Markets — 7.2% | |||
1,066 | Ameriprise Financial, Inc. | 412,361 | |
342 | BlackRock, Inc. | 264,814 | |
5,129 | Charles Schwab Corp. | 322,717 | |
4,425 | Morgan Stanley | 386,037 | |
1,385,929 | |||
Chemicals — 3.5% | |||
1,017 | Air Products & Chemicals, Inc. | 260,057 | |
2,973 | PPG Industries, Inc. | 419,312 | |
679,369 | |||
Communications Equipment — 2.0% | |||
7,497 | Cisco Systems, Inc. | 376,199 | |
Consumer Staples Distribution & Retail — 1.6% | |||
2,378 | Dollar General Corp. | 314,062 | |
Distributors — 1.7% | |||
2,290 | Genuine Parts Co. | 321,127 | |
Electric Utilities — 2.0% | |||
10,942 | Exelon Corp. | 380,891 | |
Electrical Equipment — 2.2% | |||
1,739 | Eaton Corp. PLC | 427,933 | |
Electronic Equipment, Instruments & Components — 2.1% | |||
2,800 | TE Connectivity Ltd. | 398,132 | |
Financial Services — 2.0% | |||
6,302 | Fidelity National Information Services, Inc. | 392,363 | |
Food Products — 2.0% | |||
5,002 | Mondelez International, Inc. Class A | 376,501 | |
Ground Transportation — 2.6% | |||
2,007 | Union Pacific Corp. | 489,568 | |
Health Care Equipment & Supplies — 6.3% | |||
4,218 | Abbott Laboratories | 477,267 | |
1,408 | Becton Dickinson & Co. | 336,244 | |
4,493 | Medtronic PLC | 393,317 | |
1,206,828 | |||
Health Care Providers & Services — 2.2% | |||
3,260 | Quest Diagnostics, Inc. | 418,682 | |
Hotels, Restaurants & Leisure — 4.7% | |||
1,762 | McDonald’s Corp. | 515,773 |
See Notes to Schedules of Portfolio Investments
49 |
THE GLENMEDE FUND, INC.
Equity Income Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Shares | Value | ||
COMMON STOCKS* — (Continued) | |||
Hotels, Restaurants & Leisure — (Continued) | |||
4,195 | Starbucks Corp. | $390,261 | |
906,034 | |||
Household Products — 1.9% | |||
2,271 | Procter & Gamble Co. | 356,865 | |
Insurance — 6.9% | |||
4,825 | Aflac, Inc. | 406,941 | |
3,386 | Allstate Corp. | 525,676 | |
1,037 | Everest Group Ltd. | 399,214 | |
1,331,831 | |||
IT Services — 2.4% | |||
1,272 | Accenture PLC Class A | 462,855 | |
Machinery — 6.0% | |||
1,262 | Cummins, Inc. | 301,997 | |
1,312 | Illinois Tool Works, Inc. | 342,301 | |
1,723 | Snap-on, Inc. | 499,549 | |
1,143,847 | |||
Media — 4.3% | |||
10,502 | Comcast Corp. Class A | 488,763 | |
9,896 | Interpublic Group of Cos., Inc. | 326,469 | |
815,232 | |||
Multi-Utilities — 2.4% | |||
4,365 | DTE Energy Co. | 460,158 | |
Oil, Gas & Consumable Fuels — 4.9% | |||
2,877 | Chevron Corp. | 424,156 | |
3,505 | Phillips 66 | 505,807 | |
929,963 | |||
Personal Care Products — 1.7% | |||
15,906 | Kenvue, Inc. | 330,209 | |
Pharmaceuticals — 3.6% | |||
6,900 | Bristol-Myers Squibb Co. | 337,203 | |
2,281 | Johnson & Johnson | 362,451 | |
699,654 | |||
Professional Services — 1.9% | |||
2,947 | Paychex, Inc. | 358,738 | |
Semiconductors & Semiconductor Equipment — 2.3% | |||
2,810 | Texas Instruments, Inc. | 449,937 | |
Software — 2.5% | |||
4,356 | Oracle Corp. | 486,565 | |
Specialty Retail — 3.4% | |||
999 | Home Depot, Inc. | 352,607 | |
2,098 | Ross Stores, Inc. | 294,307 | |
646,914 | |||
Technology Hardware, Storage & Peripherals — 2.0% | |||
4,297 | NetApp, Inc. | 374,698 | |
TOTAL COMMON STOCKS (Cost $13,523,315) | 19,114,473 |
See Notes to Schedules of Portfolio Investments
50 |
THE GLENMEDE FUND, INC.
Equity Income Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
REPURCHASE AGREEMENT* — 0.5% | |||
$96,036 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $96,040, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $79,900, coupon rate of 0.125%, due 7/15/26, market value of $98,017) | $96,036 | |
TOTAL REPURCHASE AGREEMENT (Cost $96,036) | 96,036 | ||
TOTAL INVESTMENTS (Cost $13,619,351) | 100.2% | $19,210,509 | |
LIABILITIES IN EXCESS OF OTHER ASSETS | (0.2) | (34,847) | |
NET ASSETS | 100.0% | $19,175,662 |
* | Percentages indicated are based on net assets. |
See Notes to Schedules of Portfolio Investments
51 |
THE GLENMEDE FUND, INC.
Secured Options Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Shares | Value | ||
EXCHANGE-TRADED FUNDS* — 4.4% | |||
22,100 | SPDR S&P 500 ETF Trust1 | $10,671,648 | |
30,000 | Vanguard S&P 500 ETF1 | 13,314,600 | |
TOTAL EXCHANGE-TRADED FUNDS (Cost $6,430,609) | 23,986,248 | ||
Face Amount | |||
U.S. TREASURY BILLS* — 20.4% | |||
$41,500,000 | U.S. Treasury Bill, 4.667% due 02/8/241 | 41,457,652 | |
36,000,000 | U.S. Treasury Bill, 5.221% due 04/11/241 | 35,634,845 | |
34,500,000 | U.S. Treasury Bill, 5.298% due 06/13/241 | 33,852,299 | |
TOTAL U.S. TREASURY BILLS (Cost $110,937,432) | 110,944,796 | ||
REPURCHASE AGREEMENT* — 0.1% | |||
821,280 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $821,316, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $682,900, coupon rate of 0.125%, due 7/15/26, market value of $837,745) | 821,280 | |
TOTAL REPURCHASE AGREEMENT (Cost $821,280) | 821,280 | ||
TOTAL PURCHASED OPTIONS (Cost $435,464,158) | 79.7% | 434,095,210 | |
TOTAL INVESTMENTS (Cost $553,653,479) | 104.6% | $569,847,534 | |
LIABILITIES IN EXCESS OF OTHER ASSETS | (4.6) | (25,006,986) | |
NET ASSETS2 | 100.0% | $544,840,548 |
* | Percentages indicated are based on net assets. |
1 | All or a portion of this security is held as collateral for written options. |
2 | Cash in the amount of $5,170,635 is held as collateral to secure the open written call and put options contracts. |
See Notes to Schedules of Portfolio Investments
52 |
THE GLENMEDE FUND, INC.
Secured Options Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Description | Counterparty | Exercise Price/ FX Rate | Expiration Date | Number of Contracts | Notional Amount | Market Value | Premiums Paid (Recieved by Fund) | Unrealized Appreciation/ (Depreciation) | |||||||||
PURCHASED OPTIONS | |||||||||||||||||
CALLS: | |||||||||||||||||
S&P 500 Index | OCC** | 4,000.00 | 03/15/24 | USD | 4,022 | $1,948,920,430 | $349,733,010 | $269,003,386 | $80,729,624 | ||||||||
S&P 500 Index | OCC** | 1,000.00 | 03/15/24 | USD | 58 | 28,104,770 | 22,301,870 | 19,688,738 | 2,613,132 | ||||||||
TOTAL CALLS | $1,977,025,200 | $372,034,880 | $288,692,124 | $83,342,756 | |||||||||||||
PUTS: | |||||||||||||||||
S&P 500 Index | OCC** | 5,000.00 | 03/15/24 | USD | 4,022 | 1,948,920,430 | 62,059,460 | 146,764,146 | (84,704,686) | ||||||||
S&P 500 Index | OCC** | 2,000.00 | 03/15/24 | USD | 58 | 28,104,770 | 870 | 7,888 | (7,018) | ||||||||
TOTAL PUTS | $1,977,025,200 | $62,060,330 | $146,772,034 | $(84,711,704) | |||||||||||||
TOTAL PURCHASED OPTIONS | $3,954,050,400 | $434,095,210 | $435,464,158 | $(1,368,948) | |||||||||||||
WRITTEN OPTIONS | |||||||||||||||||
CALLS: | |||||||||||||||||
S&P 500 Index | OCC** | 2,000.00 | 03/15/24 | USD | 58 | 28,104,770 | (16,542,760) | (14,005,202) | (2,537,558) | ||||||||
S&P 500 Index | OCC** | 5,000.00 | 03/15/24 | USD | 4,022 | 1,948,920,430 | (10,899,620) | (7,242,496) | (3,657,124) | ||||||||
TOTAL CALLS | $1,977,025,200 | $(27,442,380) | $(21,247,698) | $(6,194,682) | |||||||||||||
PUTS: | |||||||||||||||||
S&P 500 Index | OCC** | 4,700.00 | 02/16/24 | USD | 273 | 132,286,245 | (288,015) | (291,340) | 3,325 | ||||||||
S&P 500 Index | OCC** | 4,700.00 | 02/16/24 | USD | 20 | 9,691,300 | (22,200) | (21,485) | (715) | ||||||||
S&P 500 Index | OCC** | 4,750.00 | 02/16/24 | USD | 10 | 4,845,650 | (17,550) | (17,185) | (365) | ||||||||
S&P 500 Index | OCC** | 4,750.00 | 02/16/24 | USD | 38 | 18,413,470 | (64,030) | (66,386) | 2,356 | ||||||||
S&P 500 Index | OCC** | 4,755.00 | 02/16/24 | USD | 10 | 4,845,650 | (18,400) | (18,185) | (215) | ||||||||
S&P 500 Index | OCC** | 4,800.00 | 02/16/24 | USD | 110 | 53,302,150 | (304,700) | (323,436) | 18,736 | ||||||||
S&P 500 Index | OCC** | 4,900.00 | 02/16/24 | USD | 38 | 18,413,470 | (272,270) | (193,306) | (78,964) | ||||||||
S&P 500 Index | OCC** | 1,000.00 | 03/15/24 | USD | 58 | 28,104,770 | (290) | (1,102) | 812 | ||||||||
S&P 500 Index | OCC** | 4,000.00 | 03/15/24 | USD | 4,022 | 1,948,920,430 | (1,447,920) | (12,839,495) | 11,391,575 | ||||||||
TOTAL PUTS | $2,218,823,135 | $(2,435,375) | $(13,771,920) | $11,336,545 | |||||||||||||
TOTAL WRITTEN OPTIONS | $4,195,848,335 | $(29,877,755) | $(35,019,618) | $5,141,863 |
** | The Options Clearing Corp |
See Notes to Schedules of Portfolio Investments
53 |
THE GLENMEDE FUND, INC.
Global Secured Options Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Shares | Value | ||
EXCHANGE-TRADED FUNDS* — 21.1% | |||
9,700 | iShares MSCI EAFE ETF | $727,597 | |
116,600 | iShares MSCI Emerging Markets ETF | 4,476,274 | |
TOTAL EXCHANGE-TRADED FUNDS (Cost $5,200,078) | 5,203,871 | ||
Face Amount | |||
U.S. TREASURY BILLS* — 18.9% | |||
$2,450,000 | U.S. Treasury Bill, 4.667% due 02/8/241 | 2,447,500 | |
2,250,000 | U.S. Treasury Bill, 5.298% due 06/13/241 | 2,207,759 | |
TOTAL U.S. TREASURY BILLS (Cost $4,654,566) | 4,655,259 | ||
REPURCHASE AGREEMENT* — 0.6% | |||
133,594 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $133,600, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $111,100, coupon rate of 0.125%, due 7/15/26, market value of $136,292) | 133,594 | |
TOTAL REPURCHASE AGREEMENT (Cost $133,594) | 133,594 | ||
TOTAL PURCHASED OPTIONS (Cost $15,681,582) | 62.6% | 15,410,115 | |
TOTAL INVESTMENTS (Cost $25,669,820) | 103.2% | $25,402,839 | |
LIABILITIES IN EXCESS OF OTHER ASSETS | (3.2) | (785,766) | |
NET ASSETS2 | 100.0% | $24,617,073 |
* | Percentages indicated are based on net assets. |
1 | All or a portion of this security is held as collateral for written options. |
2 | Cash in the amount of $241,382 is held as collateral to secure the open written call and put options contracts. |
See Notes to Schedules of Portfolio Investments
54 |
THE GLENMEDE FUND, INC.
Global Secured Options Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Description | Counterparty | Exercise Price/ FX Rate | Expiration Date | Number of Contracts | Notional Amount | Market Value | Premiums Paid (Recieved by Fund) | Unrealized Appreciation/ (Depreciation) | |||||||||
PURCHASED OPTIONS | |||||||||||||||||
CALLS: | |||||||||||||||||
S&P 500 Index | OCC** | 4,000.00 | 03/15/24 | USD | 143 | $69,292,795 | $12,434,565 | $7,307,275 | $5,127,290 | ||||||||
S&P 500 Index | OCC** | 1,000.00 | 03/15/24 | USD | 2 | 969,130 | 769,030 | 678,935 | 90,095 | ||||||||
TOTAL CALLS | $70,261,925 | $13,203,595 | $7,986,210 | $5,217,385 | |||||||||||||
PUTS: | |||||||||||||||||
S&P 500 Index | OCC** | 5,000.00 | 03/15/24 | USD | 143 | 69,292,795 | 2,206,490 | 7,695,087 | (5,488,597) | ||||||||
S&P 500 Index | OCC** | 2,000.00 | 03/15/24 | USD | 2 | 969,130 | 30 | 285 | (255) | ||||||||
TOTAL PUTS | $70,261,925 | $2,206,520 | $7,695,372 | $(5,488,852) | |||||||||||||
TOTAL PURCHASED OPTIONS | $140,523,850 | $15,410,115 | $15,681,582 | $(271,467) | |||||||||||||
WRITTEN OPTIONS | |||||||||||||||||
CALLS: | |||||||||||||||||
S&P 500 Index | OCC** | 2,000.00 | 03/15/24 | USD | 2 | 969,130 | (570,440) | (482,925) | (87,515) | ||||||||
S&P 500 Index | OCC** | 5,000.00 | 03/15/24 | USD | 143 | 69,292,795 | (387,530) | (125,921) | (261,609) | ||||||||
TOTAL CALLS | $70,261,925 | $(957,970) | $(608,846) | $(349,124) | |||||||||||||
PUTS: | |||||||||||||||||
iShares MSCI EAFE ETF | OCC** | 73.00 | 02/16/24 | USD | 270 | 2,025,810 | (6,885) | (15,055) | 8,170 | ||||||||
Russell 2000 Index | OCC** | 1,950.00 | 02/16/24 | USD | 10 | 1,947,340 | (35,100) | (24,885) | (10,215) | ||||||||
S&P 500 Index | OCC** | 1,000.00 | 03/15/24 | USD | 2 | 969,130 | (10) | (25) | 15 | ||||||||
S&P 500 Index | OCC** | 4,000.00 | 03/15/24 | USD | 143 | 69,292,795 | (51,480) | (854,740) | 803,260 | ||||||||
TOTAL PUTS | $74,235,075 | $(93,475) | $(894,705) | $801,230 | |||||||||||||
TOTAL WRITTEN OPTIONS | $144,497,000 | $(1,051,445) | $(1,503,551) | $452,106 |
** | The Options Clearing Corp |
See Notes to Schedules of Portfolio Investments
55 |
THE GLENMEDE FUND, INC.
Core Fixed Income Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
AGENCY NOTES* — 14.2% | |||
Federal Home Loan Bank — 8.1% | |||
$8,000,000 | 2.750% due 12/13/24 | $7,861,646 | |
8,000,000 | 0.375% due 9/23/251 | 7,495,072 | |
11,500,000 | 3.250% due 11/16/281 | 11,196,368 | |
4,000,000 | 6.250% due 7/15/321 | 4,625,734 | |
31,178,820 | |||
Federal National Mortgage Association — 6.1% | |||
6,000,000 | 2.625% due 9/6/241 | 5,912,148 | |
3,960,000 | 2.125% due 4/24/26 | 3,789,183 | |
12,000,000 | 5.625% due 7/15/371 | 13,629,887 | |
23,331,218 | |||
TOTAL AGENCY NOTES (Cost $56,674,081) | 54,510,038 | ||
MORTGAGE-BACKED SECURITIES*,2 — 36.6% | |||
Federal Home Loan Mortgage Corporation — 16.7% | |||
1,131,675 | # J38111, 3.000% due 12/1/32 | 1,082,760 | |
116,864 | # A69653, 5.500% due 12/1/37 | 120,062 | |
134,452 | # A73370, 5.000% due 2/1/38 | 135,853 | |
108,871 | # A90421, 4.500% due 12/1/39 | 108,496 | |
434,413 | # A97620, 4.500% due 3/1/41 | 432,916 | |
719,461 | # C03770, 3.500% due 2/1/42 | 674,447 | |
338,919 | # Q07651, 3.500% due 4/1/42 | 321,229 | |
795,499 | # Q41208, 3.500% due 6/1/46 | 739,335 | |
3,193,948 | # G08737, 3.000% due 12/1/46 | 2,856,036 | |
1,134,531 | # Q45735, 3.000% due 1/1/47 | 1,013,965 | |
1,957,341 | # Q46279, 3.500% due 2/1/47 | 1,815,530 | |
2,056,442 | # Q47596, 4.000% due 4/1/47 | 1,979,209 | |
6,768,435 | # RA3173, 3.000% due 7/1/50 | 5,956,684 | |
10,264,676 | # SD8152, 3.000% due 6/1/51 | 9,004,413 | |
6,738,163 | # SD8196, 3.500% due 2/1/52 | 6,148,901 | |
13,726,632 | # SD8201, 3.000% due 3/1/52 | 12,014,484 | |
4,634,420 | # SD1117, 4.500% due 6/1/52 | 4,492,631 | |
4,606,998 | # SD8257, 4.500% due 10/1/52 | 4,454,881 | |
7,321,668 | # SD8277, 5.500% due 12/1/52 | 7,355,804 | |
3,456,099 | # QF6499, 5.000% due 1/1/53 | 3,435,906 | |
64,143,542 | |||
Federal National Mortgage Association — 19.9% | |||
5 | # 125275, 7.000% due 3/1/24 | 5 | |
149,004 | # AB3900, 3.000% due 11/1/26 | 145,186 | |
168,517 | # AK4751, 3.000% due 4/1/27 | 163,264 | |
392,679 | # AO0533, 3.000% due 6/1/27 | 381,634 | |
1,221,670 | # BC2462, 3.000% due 2/1/31 | 1,173,874 | |
2,963,845 | # AS7429, 2.500% due 6/1/31 | 2,802,663 | |
1,926,096 | # MA3391, 3.000% due 6/1/33 | 1,832,219 | |
148,446 | # 973241, 5.000% due 3/1/38 | 149,775 | |
149,076 | # AD7128, 4.500% due 7/1/40 | 148,163 | |
7,804,471 | # MA4152, 2.000% due 10/1/40 | 6,702,901 | |
1,426,345 | # AH1568, 4.500% due 12/1/40 | 1,419,402 | |
523,674 | # AH6991, 4.000% due 1/1/41 | 504,688 | |
429,279 | # AH4004, 4.500% due 3/1/41 | 427,191 | |
329,786 | # AH8351, 4.000% due 3/1/41 | 317,350 | |
408,472 | # AJ1315, 4.000% due 9/1/41 | 393,908 | |
518,664 | # AI8779, 4.000% due 11/1/41 | 499,102 | |
726,080 | # AJ5958, 4.000% due 12/1/41 | 698,691 | |
258,881 | # AK5070, 3.500% due 3/1/42 | 241,775 |
See Notes to Schedules of Portfolio Investments
56 |
THE GLENMEDE FUND, INC.
Core Fixed Income Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MORTGAGE-BACKED SECURITIES*,2 — (Continued) | |||
Federal National Mortgage Association — (Continued) | |||
$1,063,533 | # AK5426, 3.500% due 3/1/42 | $994,611 | |
2,934,198 | # AT7682, 3.500% due 6/1/43 | 2,740,874 | |
1,289,589 | # AS6326, 3.500% due 12/1/45 | 1,194,547 | |
1,044,034 | # AS6881, 3.500% due 3/1/46 | 967,085 | |
1,369,536 | # BC0960, 4.000% due 6/1/46 | 1,317,541 | |
762,464 | # AS8966, 4.000% due 3/1/47 | 732,492 | |
953,724 | # AS9988, 4.500% due 7/1/47 | 939,236 | |
1,376,561 | # MA3210, 3.500% due 12/1/47 | 1,272,528 | |
1,153,418 | # BJ9251, 3.500% due 6/1/48 | 1,068,379 | |
4,388,513 | # FM3727, 3.000% due 7/1/50 | 3,872,821 | |
4,695,442 | # BQ2863, 2.500% due 9/1/50 | 3,984,829 | |
8,164,036 | # CA7231, 2.500% due 10/1/50 | 6,916,636 | |
10,374,187 | # MA4847, 6.000% due 11/1/52 | 10,546,125 | |
11,599,524 | # FS5432, 6.000% due 8/1/53 | 11,761,409 | |
10,079,850 | # MA5138, 5.500% due 9/1/53 | 10,107,725 | |
76,418,629 | |||
Government National Mortgage Association — 0.0% | |||
124,282 | # 698235, 5.000% due 6/15/39 | 126,662 | |
TOTAL MORTGAGE-BACKED SECURITIES (Cost $153,610,314) | 140,688,833 | ||
CORPORATE NOTES* — 24.1% | |||
Banking — 2.7% | |||
5,000,000 | Bank of America Corp., (3 mo. SOFR + 1.77%), 3.705% due 4/24/283 | 4,805,851 | |
6,000,000 | JPMorgan Chase & Co., (3 mo. SOFR + 1.21%), 3.509% due 1/23/293 | 5,703,299 | |
10,509,150 | |||
Beverages, Food & Tobacco — 2.4% | |||
10,000,000 | Archer-Daniels-Midland Co., 3.250% due 3/27/30 | 9,184,756 | |
Computer Software & Processing — 4.0% | |||
1,000,000 | Alphabet, Inc., 2.050% due 8/15/50 | 608,356 | |
7,900,000 | Meta Platforms, Inc., 3.850% due 8/15/32 | 7,470,062 | |
8,000,000 | Microsoft Corp., 3.450% due 8/8/36 | 7,296,777 | |
15,375,195 | |||
Electric Utilities — 2.3% | |||
4,140,000 | DTE Electric Co., 4.300% due 7/1/44 | 3,640,781 | |
5,000,000 | Duke Energy Progress LLC, 5.350% due 3/15/53 | 5,000,095 | |
8,640,876 | |||
Electronics — 1.9% | |||
4,000,000 | Emerson Electric Co., 1.800% due 10/15/27 | 3,653,683 | |
4,000,000 | QUALCOMM, Inc., 1.300% due 5/20/28 | 3,533,172 | |
7,186,855 |
See Notes to Schedules of Portfolio Investments
57 |
THE GLENMEDE FUND, INC.
Core Fixed Income Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
CORPORATE NOTES* — (Continued) | |||
Financial Services — 2.6% | |||
$5,000,000 | Bank of America Corp., (SOFR + 1.33%), 2.972% due 2/4/333 | $4,265,527 | |
5,901,000 | BlackRock, Inc., 4.750% due 5/25/33 | 5,909,160 | |
10,174,687 | |||
Heavy Machinery — 0.9% | |||
4,000,000 | Caterpillar, Inc., 2.600% due 4/9/30 | 3,624,358 | |
Insurance — 1.3% | |||
5,100,000 | Aflac, Inc., 2.875% due 10/15/26 | 4,856,269 | |
Media - Broadcasting & Publishing — 1.7% | |||
7,000,000 | Comcast Corp., 3.150% due 2/15/28 | 6,657,144 | |
Oil & Gas — 1.2% | |||
5,000,000 | Exxon Mobil Corp., 4.227% due 3/19/40 | 4,608,011 | |
Pharmaceuticals — 2.1% | |||
5,000,000 | Johnson & Johnson, 2.450% due 9/1/60 | 3,048,566 | |
5,000,000 | Merck & Co., Inc., 2.750% due 2/10/25 | 4,894,090 | |
7,942,656 | |||
Transportation — 1.0% | |||
4,000,000 | United Parcel Service, Inc., 3.400% due 3/15/29 | 3,846,600 | |
TOTAL CORPORATE NOTES (Cost $98,805,625) | 92,606,557 | ||
U.S. TREASURY NOTES/BONDS* — 23.6% | |||
4,000,000 | U.S. Treasury Bonds, 6.625% due 2/15/27 | 4,302,969 | |
4,000,000 | U.S. Treasury Bonds, 3.500% due 2/15/39 | 3,736,406 | |
4,000,000 | U.S. Treasury Bonds, 4.375% due 11/15/39 | 4,108,438 | |
4,000,000 | U.S. Treasury Bonds, 3.125% due 11/15/41 | 3,425,938 | |
5,000,000 | U.S. Treasury Bonds, 3.250% due 5/15/42 | 4,329,492 | |
9,000,000 | U.S. Treasury Bonds, 3.750% due 11/15/43 | 8,296,523 | |
10,000,000 | U.S. Treasury Bonds, 2.250% due 8/15/46 | 6,969,922 | |
9,000,000 | U.S. Treasury Bonds, 3.000% due 5/15/47 | 7,203,516 | |
5,000,000 | U.S. Treasury Bonds, 3.125% due 5/15/48 | 4,073,047 | |
5,000,000 | U.S. Treasury Notes, 2.875% due 5/31/25 | 4,895,508 | |
10,000,000 | U.S. Treasury Notes, 1.875% due 7/31/26 | 9,481,250 |
See Notes to Schedules of Portfolio Investments
58 |
THE GLENMEDE FUND, INC.
Core Fixed Income Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
U.S. TREASURY NOTES/BONDS* — (Continued) | |||
$8,000,000 | U.S. Treasury Notes, 2.750% due 5/31/29 | $7,560,625 | |
7,000,000 | U.S. Treasury Notes, 3.250% due 6/30/29 | 6,778,242 | |
4,000,000 | U.S. Treasury Notes, 0.625% due 5/15/30 | 3,272,656 | |
10,000,000 | U.S. Treasury Notes, 1.875% due 2/15/32 | 8,590,234 | |
4,000,000 | U.S. Treasury Notes, 3.875% due 8/15/33 | 3,976,250 | |
TOTAL U.S. TREASURY NOTES/BONDS (Cost $103,650,232) | 91,001,016 | ||
REPURCHASE AGREEMENT* — 0.8% | |||
3,126,731 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $3,126,870, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $2,599,800, coupon rate of 0.125%, due 7/15/26, market value of $3,189,296) | 3,126,731 | |
TOTAL REPURCHASE AGREEMENT (Cost $3,126,731) | 3,126,731 | ||
Shares | |||
INVESTMENT OF SECURITY LENDING COLLATERAL* — 5.5% | |||
21,031,184 | State Street Navigator Securities Lending Government Money Market Portfolio4 | 21,031,184 | |
TOTAL INVESTMENT OF SECURITY LENDING COLLATERAL (Cost $21,031,184) | 21,031,184 | ||
TOTAL INVESTMENTS (Cost $436,898,167) | 104.8% | $402,964,359 | |
LIABILITIES IN EXCESS OF OTHER ASSETS | (4.8) | (18,279,017) | |
NET ASSETS | 100.0% | $384,685,342 |
* | Percentages indicated are based on net assets. |
1 | Securities or partial securities on loan. See Note 1. |
2 | Represents current face amount at January 31, 2024. |
3 | Floating Rate Bond. Rate shown is as of January 31, 2024. |
4 | Represents an investment of securities lending cash collateral. |
See Notes to Schedules of Portfolio Investments
59 |
THE GLENMEDE FUND, INC.
Short Term Tax Aware Fixed Income Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
CORPORATE NOTES* — 1.5% | |||
Health Care Services — 1.5% | |||
$500,000 | CommonSpirit Health, 6.073% due 11/1/27 | $518,431 | |
TOTAL CORPORATE NOTES (Cost $500,000) | 518,431 | ||
MUNICIPAL BONDS* — 84.0% | |||
Alabama — 1.2% | |||
250,000 | Black Belt Energy Gas District, AL, Revenue Bonds, Series C, 5.500% due 6/1/26 | 256,839 | |
150,000 | Black Belt Energy Gas District, AL, Revenue Bonds, Series D1, 4.000% due 12/1/24 | 150,443 | |
407,282 | |||
Arizona — 1.5% | |||
500,000 | Chandler Industrial Development Authority, AZ, Intel Corporation Project, Revenue Bonds, 3.800% due 12/1/351 | 507,549 | |
California — 5.1% | |||
500,000 | California Community Choice Financing Authority, Revenue Bonds, 5.000% due 10/1/28 | 522,497 | |
500,000 | City of Los Angeles, CA, Department of Airports, Revenue Bonds, Refunding, AMT, Series A, 5.000% due 5/15/25 | 510,790 | |
450,000 | Golden State Tobacco Securitization Corp., CA, Revenue Bonds, Taxable Refunding, (State Appropriations), 1.400% due 6/1/25 | 428,413 | |
250,000 | San Diego County Regional Airport Authority, CA, Revenue Bonds, AMT, 5.000% due 7/1/28 | 267,337 | |
1,729,037 | |||
Colorado — 2.2% | |||
750,000 | E-470 Public Highway Authority, CO, Revenue Bonds, Variable Refunding, Series B, (SOFR*0.67+0.35%), 3.908% due 9/1/392 | 748,267 | |
Connecticut — 1.5% | |||
250,000 | State of Connecticut, General Obligation Unlimited, Refunding, Series B, 5.000% due 8/1/28 | 275,498 | |
250,000 | University of Connecticut, Revenue Bonds, Series A, Refunded 2/16/24 @ 100, 5.000% due 8/15/26 | 250,168 | |
525,666 | |||
District Of Columbia — 1.5% | |||
500,000 | Metropolitan Washington Airports Authority, DC, Aviation Revenue, Revenue Bonds, AMT, Refunding, Series A, 5.000% due 10/1/24 | 504,725 | |
Florida — 8.8% | |||
230,000 | City of Fort Myers, FL, Utility System Revenue, Revenue Bonds, Series A, 4.000% due 10/1/25 | 233,734 | |
500,000 | County of Broward, FL, Port Facilities Revenue, Revenue Bonds, AMT, Refunding, Subordinate Bond, Series D, 5.000% due 9/1/24 | 504,244 | |
250,000 | County of Miami-Dade, FL, Aviation Revenue, Revenue Bonds, Refunding, Series A, 5.000% due 10/1/25 | 257,839 | |
290,000 | Florida Department of Management Services, Revenue Bonds, Refunding, Series A, 5.000% due 9/1/28 | 313,643 | |
500,000 | Florida Insurance Assistance Interlocal Agency, Inc., Revenue Bonds, Series A-1, 5.000% due 9/1/26 | 520,316 | |
390,000 | Manatee County Port Authority, FL, Revenue Bonds,Taxable Refunding, 0.619% due 10/1/24 | 379,167 |
See Notes to Schedules of Portfolio Investments
60 |
THE GLENMEDE FUND, INC.
Short Term Tax Aware Fixed Income Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Florida — (Continued) | |||
$515,000 | Miami-Dade County Expressway Authority, FL, Revenue Bonds, Refunding, Series B, 5.000% due 7/1/28 | $518,348 | |
260,000 | School Board of Miami-Dade County, FL, Certificate Participation, Refunding, Series D, 5.000% due 2/1/26 | 269,446 | |
2,996,737 | |||
Georgia — 2.4% | |||
525,000 | City of Atlanta, GA, Department of Aviation, Revenue Bonds, AMT, Series C, 5.000% due 7/1/27 | 554,974 | |
160,000 | Main Street Natural Gas, Inc., GA, Revenue Bonds, Series E-1, 5.000% due 12/1/28 | 167,647 | |
105,000 | Municipal Electric Authority of Georgia, Project No.1, Revenue Bonds, Taxable Refunding, Series B, 1.421% due 1/1/25 | 101,609 | |
824,230 | |||
Hawaii — 0.8% | |||
275,000 | State of Hawaii, General Obligation Unlimited, Series GM, 5.000% due 10/1/27 | 282,358 | |
Illinois — 8.3% | |||
500,000 | Chicago Midway International Airport, IL, Revenue Bonds, AMT, Refunding, Series C, 5.000% due 1/1/28 | 530,051 | |
130,000 | Chicago O’Hare International Airport, IL, Revenue Bonds, Refunding, (BAM Insured), 5.000% due 1/1/28 | 139,292 | |
390,000 | Metropolitan Pier and Exposition Authority, IL, Revenue Bonds, Refunding, 5.000% due 12/15/27 | 415,627 | |
500,000 | State of Illinois, General Obligation Unlimited, Refunding, Series C, 4.000% due 3/1/24 | 500,172 | |
State of Illinois, General Obligation Unlimited, Series A: | |||
350,000 | 5.000% due 12/1/24 | 354,558 | |
400,000 | 5.000% due 3/1/25 | 406,950 | |
500,000 | State of Illinois, Sales Tax Revenue, Revenue Bonds, Series B, 0.941% due 6/15/24 | 492,375 | |
2,839,025 | |||
Kentucky — 3.7% | |||
400,000 | Kentucky Public Energy Authority, Revenue Bonds, Refunding, Series A-1, 5.000% due 8/1/28 | 412,440 | |
435,000 | Kentucky Public Energy Authority, Revenue Bonds, Series A, 4.000% due 4/1/481 | 435,575 | |
285,000 | Kentucky State Property & Building Commission, Revenue Bonds, Refunding, Project No. 112, Series B, (State Appropriations), 5.000% due 11/1/24 | 288,412 | |
125,000 | Louisville & Jefferson County Metropolitan Government, KY, Health System Revenue, Revenue Bonds, Refunding, Series A, 5.000% due 10/1/24 | 126,346 | |
1,262,773 | |||
Louisiana — 1.2% | |||
400,000 | Ernest N Morial New Orleans Exhibition Hall Authority, LA, Special Tax, Refunding, 5.000% due 7/15/25 | 408,770 | |
Michigan — 1.5% | |||
500,000 | Eaton Rapids Public Schools, MI, General Obligation Unlimited, Refunding (QSBLF Insured), 4.000% due 5/1/25 | 505,896 | |
Minnesota — 1.7% | |||
565,000 | Minneapolis-St Paul Metropolitan Airports Commission, MN, Revenue Bonds, AMT, Refunding, Series B, 5.000% due 1/1/26 | 580,173 |
See Notes to Schedules of Portfolio Investments
61 |
THE GLENMEDE FUND, INC.
Short Term Tax Aware Fixed Income Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Mississippi — 0.7% | |||
$250,000 | Mississippi Development Bank, Jackson Public School District, Revenue Bonds, General Obligation (BAM Insured), 5.000% due 10/1/24 | $253,038 | |
Nebraska — 1.6% | |||
500,000 | Nebraska Public Power District, Revenue Bonds, Refunding, Series A, 5.000% due 7/1/28 | 543,887 | |
Nevada — 1.5% | |||
300,000 | County of Clark, NV, Department of Aviation, Revenue Bonds, AMT, Refunding, 5.000% due 7/1/24 | 301,579 | |
195,000 | Las Vegas Valley Water District, NV, General Obligation Limited, Series A, 5.000% due 6/1/26 | 200,158 | |
501,737 | |||
New Jersey — 7.3% | |||
195,000 | New Jersey Economic Development Authority, Revenue Bonds, Refunding, Series B, 4.000% due 11/1/25 | 198,530 | |
510,000 | New Jersey Economic Development Authority, Revenue Bonds, Refunding, Series RRR, 5.000% due 3/1/25 | 520,500 | |
375,000 | New Jersey Economic Development Authority, State Government Building Project, Revenue Bonds, Series A, 5.000% due 6/15/25 | 384,982 | |
350,000 | New Jersey Economic Development Authority, State Lease Revenue, Green Bond Offshore Wind Port Project, Revenue Bonds, 4.914% due 3/1/24 | 349,760 | |
500,000 | New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding, Series-AA, 5.000% due 6/15/27 | 534,913 | |
500,000 | New Jersey Transportation Trust Fund Authority, Revenue Bonds, Series A-1, 5.000% due 6/15/24 | 503,083 | |
2,491,768 | |||
New York — 1.5% | |||
500,000 | Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Series 231, 5.000% due 8/1/27 | 527,446 | |
Oregon — 0.9% | |||
285,000 | Tri-County Metropolitan Transportation District of Oregon, Revenue Bonds, Series A, 5.000% due 9/1/28 | 300,405 | |
Pennsylvania — 7.8% | |||
500,000 | Allegheny County Higher Education Building Authority, PA, Revenue Bonds, (SOFR*0.70+0.29%), 4.007% due 2/1/332 | 493,006 | |
325,000 | Allegheny County Hospital Development Authority, PA, Revenue Bonds, Refunding, University of Pittsburgh Medical Center, Series A, 5.000% due 7/15/25 | 333,754 | |
215,000 | Bensalem Township School District, PA, General Obligation Limited, Taxable Refunding (State Aid Withholding), 1.972% due 6/1/24 | 212,877 | |
515,000 | City of Philadelphia, PA, Airport Revenue, Revenue Bonds, AMT, Refunding, Series B, 5.000% due 7/1/24 | 517,521 | |
400,000 | Commonwealth of Pennsylvania, General Obligation Unlimited, Refunding, Series 2, 5.000% due 1/15/28 | 425,775 | |
125,000 | Cumberland County Municipal Authority, PA, Revenue Bonds, 5.000% due 11/1/26 | 130,961 | |
325,000 | Pennsylvania Economic Development Financing Authority, Revenue Bonds, Refunding, Series B, 5.000% due 5/15/26 | 338,892 |
See Notes to Schedules of Portfolio Investments
62 |
THE GLENMEDE FUND, INC.
Short Term Tax Aware Fixed Income Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Pennsylvania — (Continued) | |||
$190,000 | Pennsylvania Turnpike Commission, Revenue Bonds, Refunding, Series A-2, 5.000% due 12/1/24 | $193,007 | |
2,645,793 | |||
South Carolina — 2.5% | |||
250,000 | South Carolina Public Service Authority, Revenue Bonds, Refunding, Series A, 5.000% due 12/1/24 | 252,743 | |
400,000 | South Carolina Public Service Authority, Revenue Bonds, Refunding, Series C, 5.000% due 12/1/24 | 404,389 | |
200,000 | South Carolina Public Service Authority, Revenue Bonds, Series B, 5.000% due 12/1/24 | 202,194 | |
859,326 | |||
Tennessee — 2.2% | |||
250,000 | County of Hamilton, TN, General Obligation Unlimited, Series A, 5.000% due 4/1/25 | 256,038 | |
500,000 | Metropolitan Government of Nashville & Davidson County, TN, General Obligation Unlimited, Refunding, 5.000% due 1/1/25 | 509,362 | |
765,400 | |||
Texas — 10.6% | |||
170,000 | City of Houston, TX, Airport System Revenue, Revenue Bonds, AMT, Refunding, Series C, 5.000% due 7/1/24 | 170,804 | |
190,000 | County of Williamson, TX, General Obligation Limited, Refunding, 5.000% due 2/15/26 | 193,484 | |
500,000 | Dallas Fort Worth International Airport, TX, Revenue Bonds, Refunding, AMT, Series C, 5.000% due 11/1/26 | 522,368 | |
175,000 | Lago Vista Independent School District, TX, General Obligation Unlimited, (PSF Guaranteed), 5.000% due 8/15/27 | 188,413 | |
250,000 | Lower Colorado River Authority, TX, Revenue Bonds, Refunding, Series 2022, 5.000% due 5/15/24 | 251,213 | |
500,000 | North Texas Tollway Authority, Revenue Bonds, Refunding, Series A, 5.000% due 1/1/27 | 532,471 | |
475,000 | San Antonio Water System, TX, Revenue Bonds, Series A, Refunding, 5.000% due 5/15/26 | 498,311 | |
500,000 | San Marcos Consolidated Independent School District, TX, General Obligation Unlimited, (PSF Guaranteed), 5.000% due 8/15/28 | 550,335 | |
500,000 | State of Texas, General Obligation Unlimited, Refunding, Series B, 4.000% due 8/1/27 | 506,062 | |
200,000 | Waco Independent School District, TX, General Obligation Unlimited, (PSF Guaranteed), 5.000% due 8/15/25 | 205,979 | |
3,619,440 | |||
Virginia — 1.8% | |||
585,000 | Virginia College Building Authority, Revenue Bonds, Refunding, Series B (State Intercept), 5.000% due 9/1/26 | 604,821 | |
Wisconsin — 4.2% | |||
215,000 | City of Eau Claire, WI, General Obligation Unlimited, Refunding, Series D, 1.400% due 4/1/24 | 213,961 | |
300,000 | City of Milwaukee, WI, General Obligation Unlimited, Refunding, Series N-4, 5.000% due 4/1/25 | 305,070 | |
410,000 | City of West Allis, WI, General Obligation Unlimited, Refunding, 2.250% due 4/1/28 | 384,559 |
See Notes to Schedules of Portfolio Investments
63 |
THE GLENMEDE FUND, INC.
Short Term Tax Aware Fixed Income Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Wisconsin — (Continued) | |||
Wisconsin Health & Educational Facilities Authority, Revenue Bonds, Refunding: | |||
$220,000 | 5.000% due 11/15/25 | $222,439 | |
300,000 | 5.000% due 11/15/26 | 303,633 | |
1,429,662 | |||
TOTAL MUNICIPAL BONDS (Cost $28,731,409) | 28,665,211 | ||
U.S. TREASURY BILLS* — 13.7% | |||
2,745,000 | U.S. Treasury Bill, 5.241% due 5/9/24 | 2,706,348 | |
1,500,000 | U.S. Treasury Bill, 5.270% due 5/16/24 | 1,477,323 | |
500,000 | U.S. Treasury Bill, 4.830% due 12/26/24 | 479,195 | |
TOTAL U.S. TREASURY BILLS (Cost $4,662,992) | 4,662,866 | ||
REPURCHASE AGREEMENT* — 0.1% | |||
32,879 | With Fixed Income Clearing Corp., dated 1/31/24, 1.60%, principal and interest in the amount of $32,881, due 2/1/24, (collateralized by a U.S. Treasury Note with a par value of $27,400, coupon rate of 0.125%, due 7/15/26, market value of $33,613) | 32,879 | |
TOTAL REPURCHASE AGREEMENT (Cost $32,879) | 32,879 | ||
TOTAL INVESTMENTS (Cost $33,927,280) | 99.3% | $33,879,387 | |
OTHER ASSETS IN EXCESS OF LIABILITIES | 0.7 | 246,010 | |
NET ASSETS | 100.0% | $34,125,397 |
* | Percentages indicated are based on net assets. |
1 | Variable/Floating interest rate security. Certain variable/floating interest rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. Rate presented is as of January 31, 2024. |
2 | Floating Rate Bond. Rate shown is as of January 31, 2024. |
Abbreviations: |
AMT — Alternative Minimum Tax |
BAM — Build America Mutual |
PSF — Permanent School Fund |
QSBLF — Michigan Qualified School Bond Loan Fund |
See Notes to Schedules of Portfolio Investments
64 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
CORPORATE NOTES* — 0.7% | |||
Health Care Services — 0.1% | |||
$300,000 | Tower Health, 4.451% due 2/1/50 | $138,393 | |
Lodging — 0.6% | |||
1,000,000 | Wild Rivers Water Park, 8.500% due 11/1/511 | 728,466 | |
TOTAL CORPORATE NOTES (Cost $989,442) | 866,859 | ||
MUNICIPAL BONDS* — 95.0% | |||
Alabama — 0.4% | |||
500,000 | Montgomery Medical Clinic Board, AL, Health Care Facility Revenue, Revenue Bonds, Refunding, 5.000% due 3/1/30 | 450,671 | |
Arizona — 3.8% | |||
555,000 | Arizona Industrial Development Authority, Economic Development Revenue, Legacy Cares, Inc. Project, Revenue Bonds, Series A, 7.750% due 7/1/502,3 | 33,300 | |
500,000 | Arizona Industrial Development Authority, Economic Development Revenue, Legacy Cares, Inc. Project, Revenue Bonds, Series C, 6.750% due 7/1/302,3 | 30,000 | |
250,000 | Arizona Industrial Development Authority, Education Revenue, Cadence Campus Project, Revenue Bonds, Series A, 4.000% due 7/15/502 | 193,707 | |
500,000 | Arizona Industrial Development Authority, Education Revenue, Revenue Bonds, Refunding, Series A, 4.000% due 7/1/42 | 456,066 | |
100,000 | Arizona Industrial Development Authority, Revenue Bonds, Refunding, 5.000% due 7/1/512 | 86,252 | |
250,000 | Glendale Industrial Development Authority, AZ, Senior Living Facility, Revenue Bonds, Refunding, 5.000% due 5/15/39 | 234,220 | |
500,000 | Industrial Development Authority of the City of Phoenix, AZ, Education Revenue, Basis Schools, Inc., Revenue Bonds, Refunding, 5.000% due 7/1/352 | 501,940 | |
Industrial Development Authority of the City of Phoenix, AZ, Education Revenue, Legacy Traditional Schools Project, Revenue Bonds, Series A: | |||
70,000 | 5.750% due 7/1/242 | 70,332 | |
500,000 | 6.750% due 7/1/442 | 503,407 | |
500,000 | Industrial Development Authority of the City of Phoenix, AZ, Education Revenue, Revenue Bonds, Series A, 5.000% due 7/1/462 | 479,804 | |
110,000 | Industrial Development Authority of the County of Pima, AZ, Education Revenue, Revenue Bonds, 4.000% due 6/15/412 | 92,558 | |
290,000 | La Paz County Industrial Development Authority, AZ, Revenue Bonds,Series A, 5.000% due 2/15/462 | 247,861 | |
750,000 | Maricopa County Industrial Development Authority, AZ, Educational Revenue, Paradise Schools Project, Revenue Bonds, Refunding, 5.000% due 7/1/362 | 752,163 | |
500,000 | Maricopa County Industrial Development Authority, AZ, Revenue Bonds, AMT, 4.000% due 10/15/472 | 443,712 | |
375,000 | Maricopa County Industrial Development Authority, AZ, Revenue Bonds, Series A, 6.000% due 7/1/522 | 380,480 | |
150,000 | Tempe Industrial Development Authority, AZ, Revenue Bonds, 5.000% due 12/1/54 | 128,099 | |
250,000 | Tempe Industrial Development Authority, AZ, Revenue Bonds, Refunding, Series A, 4.000% due 12/1/38 | 214,350 | |
4,848,251 |
See Notes to Schedules of Portfolio Investments
65 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Arkansas — 0.8% | |||
$1,000,000 | Arkansas Development Finance Authority, Revenue Bonds, 7.375% due 7/1/482 | $1,076,146 | |
California — 7.8% | |||
987,191 | ARC70 II Trust, CA, Revenue bonds, Class A, 4.840% due 4/1/652,4 | 997,995 | |
2,500,000 | California Community Housing Agency, Revenue Bonds, Series A-2, 0.000% due 8/1/652,5 | 144,442 | |
1,000,000 | California Community Housing Agency, Revenue Bonds, Series B, 5.500% due 2/1/402 | 931,524 | |
250,000 | California Community Housing Agency, Verdant at Green Valley Project, Revenue Bonds, Series A, 5.000% due 8/1/492 | 235,970 | |
328,640 | California Housing Finance Agency, Revenue Bonds, Series A-3, Class A, 3.250% due 8/20/36 | 304,767 | |
1,850,000 | California Infrastructure & Economic Development Bank, Cabs-Sub-WFCS- Portfolio Project, Revenue Bonds, Series B, 0.000% due 1/1/612,5 | 93,236 | |
360,000 | California Municipal Finance Authority, Educational Revenue, Revenue Bonds, Refunding, Series A, 5.000% due 6/1/36 | 366,013 | |
335,000 | California School Finance Authority, Rocketship Education Obligated Group, Revenue Bonds, Series A, 5.250% due 6/1/522 | 335,047 | |
250,000 | California Statewide Communities Development Authority, CHF Irvine LLC, Revenue Bonds, Refunding, 5.000% due 5/15/29 | 255,901 | |
645,000 | California Statewide Communities Development Authority, Student Housing Revenue, Revenue Bonds, 4.305% due 7/1/32 | 595,660 | |
110,000 | Chino Valley Unified School District, CA, General Obligation Unlimited, Election of 2016, Series C, 0.000% due 8/1/355 | 72,196 | |
250,000 | City & County of San Francisco Community Facilities District No. 2016-1, CA, Special Tax, Revenue Bond, Series 2022-A, 4.000% due 9/1/422 | 231,415 | |
465,000 | CMFA Special Finance Agency XII, CA, Revenue Bonds, Series A-1, 3.250% due 2/1/572 | 333,563 | |
CSCDA Community Improvement Authority, CA, Revenue Bonds, Series A-2: | |||
500,000 | 3.250% due 7/1/562 | 338,596 | |
200,000 | 4.000% due 9/1/562 | 148,023 | |
500,000 | 3.250% due 4/1/572 | 347,538 | |
500,000 | 3.250% due 5/1/572 | 338,215 | |
500,000 | 3.125% due 6/1/572 | 325,557 | |
100,000 | CSCDA Community Improvement Authority, CA, Revenue Bonds, Series B, 4.000% due 12/1/562 | 72,338 | |
4,000,000 | Golden State Tobacco Securitization Corp., CA, Revenue Bonds, Refunding,Series B-2, 0.000% due 6/1/665 | 462,892 | |
Hastings Campus Housing Finance Authority, CA, Revenue Bonds, Series A: | |||
600,000 | 5.000% due 7/1/452 | 542,901 | |
500,000 | 5.000% due 7/1/612 | 427,072 | |
720,000 | Madera Unified School District, CA, General Obligation Unlimited, (NPFG Insured), 0.000% due 5/1/305 | 587,355 | |
250,000 | River Islands Public Financing Authority, CA, Special Tax, Series 1, 4.000% due 9/1/41 | 233,380 | |
500,000 | River Islands Public Financing Authority, CA, Special Tax, Series A, 5.000% due 9/1/48 | 505,014 | |
500,000 | River Islands Public Financing Authority, CA, Special Tax, Series B, 5.750% due 9/1/52 | 511,696 | |
200,000 | Seal Beach Community Facilities District No. 2005-1, CA, Special Tax, Refunding, 3.000% due 9/1/29 | 195,743 | |
9,934,049 |
See Notes to Schedules of Portfolio Investments
66 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Colorado — 4.8% | |||
$500,000 | Arkansas River Power Authority, CO, Power Revenue, Revenue Bonds, Refunding, Series A, 5.000% due 10/1/33 | $523,230 | |
206,000 | Bradburn Metropolitan District No. 2, CO, General Obligation Limited, Refunding, Series A, 4.000% due 12/1/28 | 199,227 | |
417,000 | Buffalo Ridge Metropolitan District, CO, General Obligation Limited, Series B, 7.375% due 12/15/47 | 409,454 | |
Colorado Health Facilities Authority, Frasier Project, Revenue Bonds, Refunding, Series 2023-A: | |||
55,000 | 4.000% due 5/15/41 | 48,332 | |
215,000 | 4.000% due 5/15/48 | 174,777 | |
500,000 | Colorado Health Facilities Authority, Hospital Revenue, Christian Living Neighborhoods Project, Revenue Bonds, Refunding, 5.000% due 1/1/31 | 502,785 | |
Colorado Health Facilities Authority, Hospital Revenue, Revenue Bonds, Refunding: | |||
400,000 | 5.000% due 1/1/37 | 400,127 | |
35,000 | 4.000% due 1/1/42 | 29,813 | |
250,000 | Colorado Health Facilities Authority, Revenue Bonds, 5.000% due 1/1/38 | 248,504 | |
750,000 | Longs Peak Metropolitan District, CO, General Obligation Limited, Series 2021, 5.250% due 12/1/512 | 647,518 | |
500,000 | Parkside at City Centre Business Improvement District, CO, Company Special Revenue, Revenue Bonds, Series A, 6.250% due 12/1/48 | 490,705 | |
200,000 | Rampart Range Metropolitan District No. 5, CO, Revenue Bonds, 4.000% due 12/1/51 | 147,009 | |
500,000 | Senac South Metropolitan District No.1, CO, General Obligation Limited, Series A-3, 5.250% due 12/1/51 | 441,120 | |
Southlands Metropolitan District No. 1, CO, General Obligation Unlimited, Series A-2: | |||
160,000 | 3.500% due 12/1/27 | 153,446 | |
325,000 | 5.000% due 12/1/47 | 313,297 | |
Vauxmont Metropolitan District, CO, General Obligation Limited, Refunding, (AGMC Insured): | |||
250,000 | 5.000% due 12/1/32 | 277,880 | |
160,000 | 5.000% due 12/15/32 | 167,046 | |
500,000 | Waterfront at Foster Lake Metropolitan District No.2, CO, Revenue Bonds, Series 2022, 4.625% due 12/1/28 | 468,678 | |
500,000 | Westerly Metropolitan District No. 4, CO, General Obligation Limited, Series A-1, 5.000% due 12/1/50 | 442,067 | |
6,085,015 | |||
Connecticut — 0.5% | |||
425,000 | Connecticut State Health & Educational Facilities Authority, Church Home of Hartford, Inc. Project, Revenue Bonds, Series A, 5.000% due 9/1/532 | 345,951 | |
165,000 | Connecticut State Health & Educational Facilities Authority, Revenue Bonds Refunding, Series G-1, 5.000% due 7/1/502 | 150,935 | |
125,000 | Connecticut State Health & Educational Facilities Authority, Revenue Bonds, Series E, 4.000% due 7/1/41 | 103,419 | |
45,000 | Steel Point Infrastructure Improvement District, CT, Special Obligation Tax Allocation, Steelpointe Harbor Project, 4.000% due 4/1/512 | 34,912 | |
635,217 | |||
Delaware — 0.4% | |||
498,611 | Affordable Housing Tax-Exempt Bond Pass-Thru Trust, DE, Revenue Bonds, Series 2023-0001, 6.000% due 10/5/402 | 511,169 | |
District Of Columbia — 2.9% | |||
2,000,000 | District of Columbia Income Tax Revenue, Revenue Bonds, Refunding, Series A, 5.000% due 10/1/356 | 2,418,013 |
See Notes to Schedules of Portfolio Investments
67 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
District Of Columbia — (Continued) | |||
$3,415,000 | District of Columbia Tobacco Settlement Financing Corp., Revenue Bonds, Series A, 0.000% due 6/15/465 | $832,597 | |
1,000,000 | District of Columbia Tobacco Settlement Financing Corp., Revenue Bonds, Series C, 0.000% due 6/15/555 | 109,589 | |
500,000 | District of Columbia Tobacco Settlement Financing Corp., Revenue Bonds, Series D, 0.000% due 6/15/555 | 49,273 | |
225,000 | District of Columbia, KIPP Obligated Group, Revenue Bonds, Refunding, Series A, (MBIA Insured), 5.000% due 7/1/27 | 233,710 | |
3,643,182 | |||
Florida — 7.4% | |||
105,000 | Alachua County Health Facilities Authourity, FL, Revenue Bonds, Series 2021, 4.000% due 10/1/40 | 91,170 | |
60,000 | Capital Trust Agency Inc., FL, Educational Facilities Revenue, Advantage Academy of Hillsborough Project, Revenue Bonds, Series A, 4.000% due 12/15/24 | 59,768 | |
160,000 | Capital Trust Agency Inc., FL, Educational Facilities Revenue, Viera Charter School, Inc. Project, Revenue Bonds, Series A, 5.000% due 10/15/372 | 157,959 | |
6,500,000 | Capital Trust Agency Inc., FL, Revenue Bonds, Series B, 0.000% due 7/1/612,5 | 430,818 | |
250,000 | Capital Trust Agency Inc., FL, Viera Charter Schools Inc Project, Revenue Bonds, Series A, 5.000% due 10/15/492 | 230,309 | |
City of Atlantic Beach, FL, Healthcare Facilities, Fleet Landing Project, Revenue Bonds, Series A: | |||
505,000 | 5.000% due 11/15/33 | 519,452 | |
250,000 | 5.000% due 11/15/53 | 236,308 | |
500,000 | City of Pompano Beach, FL, John Knox Vlg Project, Revenue Bonds, Series 2021-A, 4.000% due 9/1/56 | 371,807 | |
1,000,000 | County of Palm Beach FL, Revenue Bonds, 5.000% due 4/1/392 | 999,932 | |
250,000 | Florida Development Finance Corp., Educational Facilities Revenue, Central Charter School Project, Revenue Bonds, Refunding, 6.000% due 8/15/572 | 241,262 | |
500,000 | Florida Development Finance Corp., Educational Facilities Revenue, Cornerstone Charter Academy Project, Revenue Bonds, Series 2022, 5.000% due 10/1/422 | 480,034 | |
100,000 | Florida Development Finance Corp., Educational Facilities Revenue, IPS Florida LLC-IDEA Project, Revenue Bonds, Series 2022, 5.250% due 6/15/292 | 101,690 | |
145,000 | Florida Development Finance Corp., Educational Facilities Revenue, Renaissance Charter School, Inc. Project, Revenue Bonds, Refunding, Series C, 5.000% due 9/15/502 | 124,974 | |
225,000 | Florida Development Finance Corp., Educational Facilities Revenue, UF Health Jacksonville Project, Revenue Bonds, Refunding, Series A, 4.000% due 2/1/52 | 171,587 | |
670,000 | Florida Development Finance Corp., Revenue Bonds, AMT, 7.375% due 1/1/492 | 680,669 | |
765,000 | Florida Housing Finance Corp., Revenue Bonds, Series 2, (GNMA/ FNMA/ FHLMC Insured), 3.000% due 7/1/52 | 738,463 | |
300,000 | Lakewood Ranch Stewardship District, FL, Special Assessment Revenue, Lakewood National & Polo Run Project, 5.375% due 5/1/47 | 304,018 | |
285,000 | Lee County Industrial Development Authority, FL, Healthcare Facilities, Healthpark Florida Inc Project, Revenue Bonds, Series A, 5.250% due 10/1/57 | 237,198 | |
55,000 | Palm Beach County Health Facilities Authority, FL, Lifespace Communities, Revenue Bonds, Refunding, Series C, 5.000% due 5/15/25 | 54,231 |
See Notes to Schedules of Portfolio Investments
68 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Florida — (Continued) | |||
Palm Beach County Health Facilities Authority, FL, Revenue Bonds, Series A: | |||
$100,000 | 11.500% due 7/1/272 | $114,772 | |
145,000 | 5.000% due 6/1/55 | 128,323 | |
875,000 | Pinellas County Industrial Development Authority, FL, Revenue Bonds, 5.000% due 7/1/29 | 897,127 | |
Sarasota County Health Facilities Authority, FL, Retirement Facilities Revenue, Village on the Isle Project, Revenue Bonds, Series A: | |||
550,000 | 5.000% due 1/1/37 | 544,819 | |
250,000 | 5.000% due 1/1/42 | 236,404 | |
210,000 | Sawyers Landing Community Development District, FL, Special Assessment, 4.250% due 5/1/53 | 162,651 | |
500,000 | Southeast Overtown Park West Community Redevelopment Agency, FL, Tax Allocation, Series A-1, 5.000% due 3/1/302 | 500,508 | |
125,000 | Town Center at Palm Coast Community Development District, FL, Special Assessment, 6.000% due 5/1/36 | 125,066 | |
500,000 | Winter Garden Village at Fowler Groves Community Development District, FL, Special Assessment, Refunding, 4.125% due 5/1/37 | 468,100 | |
9,409,419 | |||
Georgia — 0.9% | |||
DeKalb County Housing Authority, GA, Revenue Bonds: | |||
100,000 | 7.000% due 6/1/412 | 100,549 | |
430,000 | 6.170% due 6/1/532 | 432,456 | |
310,000 | Georgia Housing & Finance Authority, Revenue Bonds, Refunding, Series A, 4.000% due 6/1/50 | 309,613 | |
340,000 | Macon-Bibb County Urban Development Authority, GA, Revenue Bonds, Series A, 5.750% due 6/15/372 | 349,598 | |
1,192,216 | |||
Guam — 0.2% | |||
175,000 | Guam Department of Education, Certificate Participation, Refunding, Series A, 5.000% due 2/1/40 | 176,661 | |
105,000 | Territory of Guam, Revenue Bonds, Refunding, Series F, 4.000% due 1/1/36 | 106,077 | |
282,738 | |||
Idaho — 1.2% | |||
500,000 | Idaho Health Facilities Authority, Kootenai Health Project, Revenue Bonds, Series A, 4.750% due 7/1/44 | 498,344 | |
250,000 | Idaho Housing & Finance Association, Nonprofit Facilities Revenue, Compass Charter School Project, Revenue Bonds, Refunding, Series A, 5.000% due 7/1/402 | 242,100 | |
735,000 | Idaho Housing & Finance Association, Nonprofit Facilities Revenue, Compass Charter School Project, Revenue Bonds, Series A, 6.000% due 7/1/392 | 760,813 | |
1,501,257 | |||
Illinois — 4.0% | |||
100,000 | Chicago Board of Education, IL, General Obligation Unlimited, Refunding, Series A, 7.000% due 12/1/44 | 104,409 | |
170,000 | Chicago Board of Education, IL, General Obligation Unlimited, Series A, (NPFG Insured), 5.500% due 12/1/26 | 175,922 | |
435,000 | City of Chicago, IL, General Obligation Unlimited, Refunding, Series C, 0.000% due 1/1/315 | 328,171 | |
250,000 | City of Chicago, IL, General Obligation Unlimited, Refunding, Series C, Escrowed to Maturity, 0.000% due 1/1/275 | 227,729 |
See Notes to Schedules of Portfolio Investments
69 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Illinois — (Continued) | |||
$130,000 | City of Chicago, IL, Waterworks Revenue, Revenue Bonds, Refunding, (AMBAC Insured), 5.750% due 11/1/30 | $141,478 | |
400,000 | Illinois Finance Authority, Christian Homes, Inc., Revenue Bonds, Refunding, 5.000% due 5/15/36 | 181,000 | |
Illinois Finance Authority, Student Housing Revenue, Northern Illinois University Project, Revenue Bonds, Series A: | |||
250,000 | 5.000% due 7/1/35 | 232,275 | |
500,000 | 5.000% due 7/1/47 | 417,615 | |
260,000 | Illinois Housing Development Authority, Revenue Bonds, Refunding, Series C, 3.500% due 8/1/46 | 257,437 | |
250,000 | Illinois Housing Development Authority, Revenue Bonds, Series A, (FHLMC/ FNMA / GNMA Insured), 4.250% due 10/1/49 | 250,535 | |
245,000 | Illinois Housing Development Authority, Revenue Bonds, Series A, (GNMA/ FNMA/ FHLMC Collatarlized), 3.000% due 4/1/51 | 237,266 | |
475,000 | Illinois Sports Facilities Authority, Revenue Bonds, Refunding, 5.000% due 6/15/24 | 476,911 | |
440,000 | Illinois Sports Facilities Authority, State Tax Supported, Capital Apprec, Revenue Bonds, (AMBAC Insured), 0.000% due 6/15/265 | 398,031 | |
250,000 | Metropolitan Pier & Exposition Authority, IL, Dedicated State Tax Revenue, Revenue Bonds, Refunding, (BAM, NPFG Insured), 0.000% due 6/15/285 | 215,658 | |
485,000 | Metropolitan Pier & Exposition Authority, IL, Dedicated State Tax Revenue, Revenue Bonds, Series A, (NPFG Insured), 0.000% due 6/15/315 | 372,811 | |
175,000 | Metropolitan Pier & Exposition Authority, IL, McCormick Place Expansion Project, Revenue Bonds, Refunding, Series A, 0.000% due 12/15/375 | 99,265 | |
250,000 | United City of Yorkville, IL, Special Tax, Refunding, (AGMC Insured), 4.000% due 3/1/36 | 252,787 | |
250,000 | Village of Bolingbrook, IL, Special Service Area No.1, Special Tax, Refunding, 5.250% due 3/1/41 | 237,074 | |
500,000 | Volo Village Special Service Area No. 3 & 6, IL, Special Tax, Symphony Meadows/Lancaster Falls Project, Refunding, (AGMC Insured), 2.875% due 3/1/25 | 495,482 | |
5,101,856 | |||
Indiana — 2.2% | |||
23,436 | City of Fort Wayne, IN, Revenue Bonds, Revenue Bonds, 10.750% due 12/1/29 | 2 | |
1,000,000 | Indiana Finance Authority, CWA Authority Project, Revenue Bonds, Refunding, 5.000% due 10/1/276 | 1,066,012 | |
250,000 | Indiana Finance Authority, Ohio Valley Electric Corp Project, Revenue Bonds, Series B, 3.000% due 11/1/30 | 233,274 | |
260,000 | Indiana Finance Authority, Pollution Control, Ohio Valley Electric Corp Project, Revenue Bonds, Series B, 2.500% due 11/1/30 | 235,023 | |
965,000 | Indiana Finance Authority, Revenue Bonds, Refunding, Series 2019, 7.000% due 3/1/392 | 725,481 | |
Indiana Finance Authority, Revenue Bonds, Refunding, Series A: | |||
250,000 | 1.400% due 8/1/29 | 215,836 | |
455,000 | 4.000% due 11/15/43 | 363,436 | |
2,839,064 | |||
Kansas — 0.4% | |||
City of Overland Park, KS, Sales Tax Revenue, Bluhawk Star Bond Project, Revenue Bonds, Series A: | |||
100,000 | 6.000% due 11/15/342 | 104,900 | |
200,000 | 6.500% due 11/15/422 | 206,379 | |
150,000 | Wyandotte County-Kansas City Unified Government, KS, Revenue Bonds, Refunding, 5.000% due 12/1/34 | 144,212 |
See Notes to Schedules of Portfolio Investments
70 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Kansas — (Continued) | |||
$15,000 | Wyandotte County-Kansas City Unified Government, KS, Wyandotte Plaza Project, Revenue Bonds, Refunding, 4.000% due 12/1/28 | $14,240 | |
469,731 | |||
Kentucky — 1.1% | |||
Kentucky Economic Development Finance Authority, Healthcare Revenue, Revenue Bonds, Series B, (NPFG Insured): | |||
500,000 | 0.000% due 10/1/265 | 451,185 | |
500,000 | 0.000% due 10/1/275 | 434,741 | |
250,000 | Kentucky Economic Development Finance Authority, Healthcare Revenue, Rosedale Green Project, Revenue Bonds, Refunding, 5.750% due 11/15/45 | 219,080 | |
95,000 | Kentucky Public Transportation Infrastructure Authority, Revenue Bonds, Series B, (AGMC Insured), 4.000% due 7/1/53 | 88,979 | |
250,000 | Louisville & Jefferson County Metropolitan Government, KY, Healthcare System, Revenue Bonds, Refunding, Series A, 5.000% due 10/1/31 | 259,870 | |
1,453,855 | |||
Louisiana — 0.6% | |||
250,000 | Calcasieu Parish Memorial Hospital Service District, LA, Hospital Revenue, Lake Charles Memorial Hospital Project, Revenue Bonds, Refunding, 5.000% due 12/1/34 | 244,107 | |
500,000 | Louisiana Public Facilities Authority, Revenue Bonds, Louisiana State University Greenhouse District Phase II Project, Series A, 5.000% due 7/1/59 | 511,239 | |
755,346 | |||
Maryland — 1.8% | |||
250,000 | City of Brunswick, MD, Special Obligation, Special Tax, Refunding, 5.000% due 7/1/36 | 255,981 | |
250,000 | County of Howard, MD, Special Obligation, Tax Allocation, Downtown Columbia Project, Series A, 4.125% due 2/15/342 | 243,145 | |
500,000 | County of Prince George’s, MD, Special Obligation, PGC Hampton Park Project, Revenue Bonds, Series A, 4.375% due 7/1/482 | 443,564 | |
215,000 | Maryland Community Development Administration, Department Housing & Community Development, Revenue Bonds, Refunding, Series A, 4.500% due 9/1/48 | 216,857 | |
635,000 | Maryland Community Development Administration, Revenue Bonds, Refunding, Series A, 3.000% due 9/1/51 | 616,474 | |
265,000 | Maryland Community Development Administration, Revenue Bonds, Refunding, Series C, 3.000% due 9/1/51 | 256,195 | |
Maryland Economic Development Corp., Special Obligation, Tax Allocation, Metro Centre Owings Mills Project: | |||
90,000 | 3.750% due 7/1/27 | 88,667 | |
250,000 | 4.500% due 7/1/44 | 238,253 | |
2,359,136 | |||
Massachusetts — 0.1% | |||
100,000 | Massachusetts Development Finance Agency, Revenue Bonds, Refunding, 5.125% due 1/1/40 | 91,776 | |
Michigan — 1.7% | |||
250,000 | City of Detroit, MI, General Obligation Unlimited, 5.000% due 4/1/34 | 260,158 | |
125,000 | City of Detroit, MI, General Obligation Unlimited, Series A, 5.000% due 4/1/46 | 127,576 |
See Notes to Schedules of Portfolio Investments
71 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Michigan — (Continued) | |||
$250,000 | Flint Hospital Building Authority, MI, Revenue Bonds, Refunding, Series A, 4.000% due 7/1/38 | $234,067 | |
280,000 | Flint Hospital Building Authority, MI, Revenue Bonds, Series A, 5.250% due 7/1/39 | 260,422 | |
Grand Rapids Economic Development Corp., MI, Beacon Hill Eastgate Project, Revenue Bonds, Refunding, Series A: | |||
600,000 | 5.000% due 11/1/37 | 563,557 | |
250,000 | 5.000% due 11/1/55 | 208,254 | |
325,000 | Michigan Finance Authority, Revenue Bonds, Refunding, Series B-2, Class 2, 0.000% due 6/1/655 | 35,930 | |
520,000 | Michigan State Housing Development Authority, Safe Mortgage Revenue, Revenue Bonds, Series A, 2.700% due 10/1/56 | 352,065 | |
3,500,000 | Michigan Tobacco Settlement Finance Authority, Revenue Bonds, Series C, 0.000% due 6/1/585 | 151,222 | |
2,193,251 | |||
Minnesota — 0.6% | |||
160,000 | Dakota County Community Development Agency, MN, Amber Fields Apartments Project, Revenue Bonds, (HUD Section 8), 5.300% due 7/1/282,4 | 160,119 | |
435,000 | Dakota County Community Development Agency, MN, The Landing at Amber Fields Apartments Project, Revenue Bonds, (HUD Section 8), 5.660% due 7/1/412 | 436,866 | |
157,446 | Minnesota Housing Finance Agency, Non AMT Non ACE SF Mortgage, Revenue Bonds, Series I, (GNMA/ FNMA/ FHLMC Insured), 2.800% due 12/1/47 | 140,060 | |
737,045 | |||
Missouri — 1.7% | |||
355,000 | Cape Girardeau County Industrial Development Authority, MO, Southeast Health, Revenue Bonds, Refunding, Series A, 6.000% due 3/1/33 | 366,211 | |
100,000 | Health & Educational Facilities Authority of the State of Missouri, Lutheran Senior Services, Revenue Bonds, 5.000% due 2/1/25 | 100,004 | |
250,000 | Health & Educational Facilities Authority of the State of Missouri, Revenue Bonds, 5.000% due 8/1/45 | 229,048 | |
100,000 | Health & Educational Facilities Authority of the State of Missouri, Revenue Bonds, Series A, 5.000% due 2/1/28 | 100,679 | |
365,000 | Maryland Heights Industrial Development Authority, MO, State Louis Community ICE Center Project, Revenue Bonds, Series A, 4.375% due 3/15/30 | 336,845 | |
60,000 | Plaza at Noah’s Ark Community Improvement District, MO, Refunding, Revenue Bonds, 3.000% due 5/1/26 | 57,750 | |
355,000 | St. Louis County Industrial Development Authority, MO, Senior Living Facilities, Revenue Bonds, Refunding, 5.000% due 9/1/32 | 355,561 | |
500,000 | St. Louis County Industrial Development Authority, MO, Senior Living Facilities, Revenue Bonds, Series A, 5.250% due 9/1/53 | 459,978 | |
100,000 | Taney County Industrial Development Authority, MO, Big Cedar infrastucture Project, Revenue Bonds, 5.000% due 10/1/332 | 100,690 | |
2,106,766 | |||
Nebraska — 0.1% | |||
100,000 | Nebraska Investment Finance Authority, Safe Housing Revenue, Revenue Bonds, Series C, 4.000% due 9/1/48 | 99,714 | |
Nevada — 2.0% | |||
225,000 | City of Las Vegas, NV, Special Improvement District No. 816, Sales Tax Increment, Special Assessment, 2.750% due 6/1/31 | 189,756 |
See Notes to Schedules of Portfolio Investments
72 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Nevada — (Continued) | |||
$365,000 | City of North Las Vegas, NV, Local Improvement, Special Assessment, 4.625% due 6/1/49 | $348,243 | |
790,000 | City of Sparks, NV, Tourism improvement district, Revenue Bonds, Series A, 2.750% due 6/15/282 | 751,524 | |
State of Nevada Department of Business & Industry, Revenue Bonds, Series A: | |||
290,000 | 5.000% due 7/15/27 | 293,120 | |
500,000 | 5.000% due 12/15/482 | 459,326 | |
560,000 | State of Nevada Department of Business and Industry, Revenue Bonds, AMT, 8.125% due 1/1/502,4 | 567,094 | |
2,609,063 | |||
New Hampshire — 0.3% | |||
500,000 | New Hampshire Business Finance Authority, Covanta Project, Revenue Bonds, Refunding, 4.625% due 11/1/422 | 431,803 | |
New Jersey — 1.6% | |||
1,000,000 | New Jersey Economic Development Authority, Revenue Bonds, Refunding, Series A, 5.000% due 6/15/266 | 1,042,456 | |
345,000 | New Jersey Economic Development Authority, Revenue Bonds, Series A, 5.000% due 7/1/38 | 350,869 | |
500,000 | New Jersey Housing & Mortgage Finance Agency, Revenue Bonds, Refunding, Series C, 4.750% due 10/1/50 | 506,482 | |
185,000 | New Jersey Transportation Trust Fund Authority, Revenue Bonds, Series C, (AGMC Insured), 0.000% due 12/15/325 | 137,911 | |
2,037,718 | |||
New Mexico — 0.6% | |||
275,000 | City of Santa Fe, NM, Retirement Facility Revenue, EL Castillo Retirement Project, Revenue Bonds, Series A, 5.000% due 5/15/34 | 265,331 | |
250,000 | New Mexico Hospital Equipment Loan Council, Revenue Bonds, LA Vida Llena Expansion Project, Series A, 5.000% due 7/1/49 | 199,205 | |
345,000 | New Mexico Mortgage Finance Authority, Revenue Bonds, Series A-1, Class I, (GNMA/ FNMA/ FHLMC Insured), 4.250% due 1/1/50 | 345,791 | |
810,327 | |||
New York — 2.8% | |||
435,000 | Brookhaven Local Development Corp., NY, Jefferson’s Ferry Project, Revenue Bonds, Series A, 4.000% due 11/1/55 | 342,419 | |
150,000 | County of Sullivan, NY, Special Assessment, Adelaar Infrastructure Project, Special Assessment, Series E-1, 4.850% due 11/1/312 | 145,302 | |
500,000 | County of Sullivan, NY, Special Assessment, Adelaar Infrastructure Project, Special Assessment, Series E-2, 5.350% due 11/1/492 | 464,016 | |
250,000 | Huntington Local Development Corp., NY, Fountaingate Garden Project, Revenue Bonds, Series A, 5.250% due 7/1/56 | 198,170 | |
395,000 | Metropolitan Transportation Authority, NY, Revenue Bonds, Series D-2-B, (AGMC Insured), (SOFR*0.67+0.55%), 4.108% due 11/1/327 | 395,004 | |
150,000 | Monroe County Industrial Development Corp., NY, St. Ann’s Community Project, Revenue Bonds, Refunding, 5.000% due 1/1/40 | 133,199 | |
480,000 | New York Liberty Development Corp., Revenue Bonds, Refunding Class 3-3, 7.250% due 11/15/442 | 484,625 | |
1,000,000 | New York State Urban Development Corp., Revenue Bonds, Refunding, Series E, 5.000% due 3/15/26 | 1,047,421 |
See Notes to Schedules of Portfolio Investments
73 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
New York — (Continued) | |||
$230,000 | Niagara Area Development Corp., NY, Catholic Health System Inc Project, Revenue Bonds, 5.000% due 7/1/52 | $184,279 | |
150,000 | State of New York Mortgage Agency, Homeowner Mortgage, Revenue Bonds, Refunding, Series 195, 4.000% due 10/1/46 | 149,591 | |
3,544,026 | |||
North Carolina — 2.0% | |||
1,180,000 | Charlotte-Mecklenburg Hospital Authority, NC, Revenue Bonds, Series E, (AGMC Insured), 3.150% due 1/15/444 | 1,180,000 | |
765,000 | North Carolina Housing Finance Agency, Revenue Bonds, Series 46-A, (GNMA/ FNMA/ FHLMC Insured), 3.000% due 7/1/51 | 739,393 | |
500,000 | North Carolina Medical Care Commission, Retirement Facilities Revenue, 1st Mortgage-Carolina Vlg Project, Revenue Bonds, Series B, 5.000% due 4/1/47 | 422,378 | |
215,000 | North Carolina Medical Care Commission, Revenue Bonds, Refunding, Series A, 5.000% due 7/1/34 | 209,041 | |
2,550,812 | |||
North Dakota — 0.5% | |||
500,000 | County of Ward, ND, Healthcare Facilities Revenue, Revenue Bonds, Series C, 5.000% due 6/1/43 | 439,896 | |
160,000 | North Dakota Housing Finance Agency, Revenue Bonds, Series A, 3.000% due 1/1/52 | 154,940 | |
594,836 | |||
Ohio — 1.8% | |||
700,000 | County of Washington, OH, Hospital Revenue, Revenue Bonds, Refunding, 6.750% due 12/1/52 | 743,642 | |
475,000 | Ohio Higher Educational Facility Commission, Revenue Bonds, Refunding, Series A, 5.000% due 12/1/50 | 427,739 | |
State of Ohio, Revenue Bonds, Refunding: | |||
250,000 | 5.000% due 12/1/282 | 251,046 | |
420,000 | 5.000% due 12/1/332 | 422,260 | |
250,000 | 5.000% due 12/1/382 | 240,459 | |
300,000 | 5.000% due 12/1/482 | 271,973 | |
2,357,119 | |||
Oklahoma — 1.2% | |||
635,000 | Norman Regional Hospital Authority, OK, Revenue Bonds, Refunding, 4.000% due 9/1/37 | 577,217 | |
1,000,000 | Oklahoma Development Finance Authority, Health Project, Revenue Bonds, Series A, 5.500% due 8/15/44 | 990,839 | |
375,000 | Oklahoma Development Finance Authority, Provident Oklahoma Education Resources, Inc. Project, Revenue Bonds, Series A, 5.000% due 8/1/523 | 600 | |
1,568,656 | |||
Oregon — 1.1% | |||
250,000 | Hospital Facilities Authority of Multnomah Country, OR, Revenue Bonds, Refunding, Series A, 4.000% due 12/1/56 | 170,623 | |
395,000 | Polk County Hospital Facility Authority, OR, Dollas Retirement Vlg Project, Revenue Bonds, Series A, 5.125% due 7/1/55 | 341,896 | |
1,000,000 | Salem Hospital Facility Authority, OR, Oregon Revenue, Capital Manor Project, Revenue Bonds, Refunding, 4.000% due 5/15/40 | 867,196 | |
1,379,715 |
See Notes to Schedules of Portfolio Investments
74 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Pennsylvania — 3.7% | |||
Berks County Industrial Development Authority, PA, Tower Health Project, Revenue Bonds, Refunding: | |||
$1,000,000 | 5.000% due 11/1/47 | $516,606 | |
250,000 | 4.000% due 11/1/47 | 129,222 | |
325,000 | Berks County Municipal Authority, PA, Tower Health Project, Revenue Bonds, Refunding, Series A, 5.000% due 2/1/28 | 184,272 | |
150,000 | Berks County Municipal Authority, PA, Tower Health Project, Revenue Bonds, Series B-3, 5.000% due 2/1/404 | 79,722 | |
1,000,000 | Bucks Country Industrial Development Authority, PA, Grand view Hospital Project, Revenue Bonds, 4.000% due 7/1/46 | 784,494 | |
Crawford County Hospital Authority, PA, Revenue Bonds, Refunding, Series A: | |||
400,000 | 6.000% due 6/1/36 | 413,757 | |
250,000 | 6.000% due 6/1/46 | 254,330 | |
250,000 | Delaware Valley Regional Finance Authority, PA, Revenue Bonds, Series C, (3 mo. USD LIBOR*0.67+0.75%), 4.528% due 6/1/377 | 225,584 | |
200,000 | Franklin County Industrial Development Authority, PA, Menno-Haven, Inc. Project, Revenue Bonds, Refunding, 5.000% due 12/1/43 | 170,172 | |
445,000 | Montgomery County Higher Education and Health Authority, PA, Revenue Bonds, Refunding, 5.000% due 12/1/47 | 418,991 | |
710,000 | Pennsylvania Economic Development Financing Authority, Iron Cumberland LLC Project, Revenue Bonds, Series 2022, 7.000% due 12/1/29 | 698,286 | |
Philadelphia Authority for Industrial Development, PA, Revenue Bonds, Refunding: | |||
100,000 | 5.000% due 8/1/30 | 102,866 | |
115,000 | 5.000% due 6/15/402 | 115,481 | |
425,000 | 5.000% due 8/1/40 | 430,030 | |
150,000 | Redevelopment Authority of The County of Washington, PA, Tax Allocation, Refunding, 5.000% due 7/1/28 | 150,575 | |
100,000 | Westmoreland County Industrial Development Authority, PA, Excela Health Project, Revenue Bonds, Refunding, Series A, 4.000% due 7/1/25 | 99,649 | |
4,774,037 | |||
Puerto Rico — 5.0% | |||
Commonwealth of Puerto Rico, General Obligation Unlimited, Restructured, Series A-1: | |||
15,769 | 0.000% due 7/1/245 | 15,498 | |
124,470 | 0.000% due 7/1/335 | 79,154 | |
Commonwealth of Puerto Rico, Notes: | |||
1,899,410 | 0.000% due 11/1/434,5 | 1,051,798 | |
1,017,371 | 5.069% due 11/1/514 | 573,543 | |
257,721 | 0.000% due 11/1/514,5 | 108,887 | |
75,000 | Puerto Rico Electric Power Authority, Revenue Bonds, Refunding, Series SS, (AGMC Insured), 5.000% due 7/1/30 | 74,639 | |
900,000 | Puerto Rico Electric Power Authority, Revenue Bonds, Refunding, Series UU, (AGMC Insured), (3 mo. USD SOFR*0.67+0.52%), 4.266% due 7/1/297 | 841,995 | |
115,000 | Puerto Rico Electric Power Authority, Revenue Bonds, Refunding, Series ZZ, 5.250% due 7/1/183 | 35,362 | |
Puerto Rico Electric Power Authority, Revenue Bonds, Series A: | |||
85,000 | 5.000% due 7/1/293 | 26,138 | |
500,000 | 7.000% due 7/1/403 | 153,750 | |
100,000 | 5.050% due 7/1/423 | 30,750 | |
Puerto Rico Electric Power Authority, Revenue Bonds, Series CCC: | |||
120,000 | 5.250% due 7/1/273 | 36,900 | |
250,000 | 5.250% due 7/1/283 | 76,875 | |
320,000 | Puerto Rico Electric Power Authority, Revenue Bonds, Series NN, (NPFG Insured), 4.750% due 7/1/33 | 311,229 |
See Notes to Schedules of Portfolio Investments
75 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Puerto Rico — (Continued) | |||
$600,000 | Puerto Rico Electric Power Authority, Revenue Bonds, Series RR, (AGC Insured), 5.000% due 7/1/28 | $598,331 | |
500,000 | Puerto Rico Electric Power Authority, Revenue Bonds, Series TT, 5.000% due 7/1/373 | 153,750 | |
25,000 | Puerto Rico Electric Power Authority, Revenue Bonds, Series TT, (AGMC Insured), 5.000% due 7/1/27 | 24,983 | |
Puerto Rico Electric Power Authority, Revenue Bonds, Series XX: | |||
250,000 | 5.750% due 7/1/363 | 76,875 | |
1,400,000 | 5.250% due 7/1/403 | 430,500 | |
400,000 | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Hospital Auxilio Mutuo Obligation Project, Revenue Bonds, Refunding, 4.000% due 7/1/40 | 376,690 | |
430,000 | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, International American University Project, Revenue Bonds, (NPFG Insured), 4.500% due 10/1/29 | 430,772 | |
230,000 | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, International American University Project, Revenue Bonds, Refunding, 5.000% due 10/1/31 | 230,375 | |
209,663 | Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Revenue Bonds, Series A, Class 2047, 0.000% due 8/1/475 | 60,654 | |
323,124 | Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Revenue Bonds, Series A, Class 2054, 0.000% due 8/1/545 | 62,846 | |
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Revenue Bonds, Series A-1: | |||
3,000 | 0.000% due 7/1/245 | 2,954 | |
14,000 | 0.000% due 7/1/295 | 11,377 | |
18,000 | 0.000% due 7/1/315 | 13,469 | |
185,000 | University of Puerto Rico, Revenue Bonds, Refunding, Series P, (NPFG Insured), 5.000% due 6/1/25 | 185,211 | |
University of Puerto Rico, Revenue Bonds, Series Q: | |||
100,000 | 5.000% due 6/1/25 | 99,136 | |
150,000 | 5.000% due 6/1/36 | 143,209 | |
6,317,650 | |||
Rhode Island — 0.2% | |||
230,000 | Rhode Island Housing and Mortgage Finance Corp., Revenue Bonds, Series 69-B, (GNMA/ FNMA/ FHLMC Insured), 4.000% due 10/1/48 | 229,400 | |
South Carolina — 2.1% | |||
2,760,004 | Connector 2000 Association, Inc., SC, Revenue Bonds, Series A-1, 0.000% due 1/1/425 | 807,483 | |
400,278 | Connector 2000 Association, Inc., SC, Toll Road Revenue, Revenue Bonds, Series A-1, 0.000% due 1/1/325 | 237,061 | |
500,000 | Greenville Housing Authority, SC, Revenue Bonds, 6.160% due 5/1/632 | 499,942 | |
375,000 | South Carolina Jobs-Economic Development Authority, Economic Development Revenue, Revenue Bonds, 0.000% due 6/1/525 | 273,277 | |
400,000 | South Carolina Jobs-Economic Development Authority, FAH Portfolio Pelham Apartments Project, Revenue Bonds, Series A-1, Class I, 6.500% due 2/1/562 | 394,435 | |
150,000 | South Carolina Jobs-Economic Development Authority, FAH Portfolio Pelham Apartments Project, Revenue Bonds, Series B, Class I, 7.500% due 8/1/472 | 146,287 | |
105,000 | South Carolina Jobs-Economic Development Authority, Green Charter Schools Project, Revenue Bonds, Refunding, Series A, 4.000% due 6/1/562 | 69,101 |
See Notes to Schedules of Portfolio Investments
76 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
South Carolina — (Continued) | |||
$300,000 | South Carolina Jobs-Economic Development Authority, Solid Waste Disposal Revenue, Revenue Bonds, 6.250% due 6/1/402 | $197,921 | |
110,000 | South Carolina State Housing Finance & Development Authority, Revenue Bonds, Series A, (GNMA/ FNMA/ FHLMC/ FHA Insured), 4.000% due 7/1/36 | 109,637 | |
2,735,144 | |||
Tennessee — 1.0% | |||
1,000,000 | Bristol Industrial Development Board, TN, Revenue Bonds, Series B, 0.000% due 12/1/312,5 | 636,476 | |
Knox County Industrial Development Board, TN, Revenue Bonds, AMT, Refunding: | |||
200,000 | 9.250% due 11/1/422 | 202,004 | |
265,000 | 9.500% due 11/1/522 | 267,621 | |
40,000 | Metropolitan Government Nashville & Davidson Country Industrial Development Board, TN, Special Assessment, Series 2021-A, 4.000% due 6/1/512 | 33,747 | |
300,000 | Metropolitan Government Nashville & Davidson Country Industrial Development Board, TN, Special Assessment, Series 2021-B, 0.000% due 6/1/432,5 | 110,567 | |
1,250,415 | |||
Texas — 7.2% | |||
Arlington Higher Education Finance Corp., TX, Education Revenue, Revenue Bonds, Series 2022: | |||
100,000 | 6.250% due 6/1/522 | 102,136 | |
200,000 | 6.375% due 6/1/622 | 204,577 | |
185,000 | Arlington Higher Education Finance Corp., TX, Revenue Bonds, Refunding, Uplift Education, Series A, 2.750% due 12/1/26 | 178,576 | |
650,000 | Brazoria County Industrial Development Corp., TX, Revenue Bonds, Series 2022, 10.000% due 6/1/422,4 | 642,842 | |
City of Dallas Housing Finance Corp., TX, Revenue Bonds, Series A: | |||
425,000 | 6.000% due 12/1/62 | 430,143 | |
245,000 | 6.000% due 12/1/622 | 240,634 | |
City of Dallas Housing Finance Corp., TX, Revenue Bonds, Series B: | |||
100,000 | 6.250% due 12/1/542 | 92,327 | |
3,640,000 | 0.000% due 12/1/622,5 | 263,017 | |
500,000 | City of Plano, TX, Special Assessment, 4.000% due 9/15/512 | 394,826 | |
360,000 | Fort Bend County Industrial Development Corp., TX, NRG Energy, Inc., Revenue Bonds, Series A, 4.750% due 5/1/38 | 360,098 | |
1,510,000 | Harris County Cultural Education Facilities Finance Corp., TX, Brazos Presbyterian Homes Project, Revenue Bonds, Refunding, 5.000% due 1/1/48 | 1,278,886 | |
150,000 | Harris County Cultural Education Facilities Finance Corp., TX, Revenue Bonds, Series A, 5.000% due 1/1/43 | 133,009 | |
1,000,000 | Hidalgo County Regional Mobility Authority, TX, Revenue Bonds, Series A, 0.000% due 12/1/565 | 166,847 | |
500,000 | Matagorda County Navigation District No. 1, TX, Revenue Bonds, Refunding, Series A, (AMBAC Insured), 4.400% due 5/1/30 | 509,779 | |
215,000 | New Hope Cultural Education Facilities Finance Corp., TX, Blinn College Project, Revenue Bonds, Series A, 5.000% due 7/1/40 | 194,820 | |
460,000 | New Hope Cultural Education Facilities Finance Corp., TX, Retirement Facilities Revenue, Dwyer Workforce development, Revenue Bonds, Refunding, 8.500% due 9/1/272 | 459,805 | |
375,000 | New Hope Cultural Education Facilities Finance Corp., TX, Retirement Facilities Revenue, Morningside Ministries Project, Revenue Bonds, Series A, 5.000% due 1/1/35 | 330,691 | |
250,000 | New Hope Cultural Education Facilities Finance Corp., TX, Revenue Bonds, Refunding, 4.000% due 8/15/512 | 194,176 |
See Notes to Schedules of Portfolio Investments
77 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Texas — (Continued) | |||
$500,000 | New Hope Cultural Education Facilities Finance Corp., TX, The Outlook At Windhaven Project, Revenue Bonds, Series A, 6.875% due 10/1/57 | $461,187 | |
250,000 | New Hope Cultural Education Facilities Finance Corp., TX, Wesleyan Homes Inc Project, Revenue Bonds, 5.500% due 1/1/49 | 203,055 | |
400,000 | New Hope Cultural Education Facilities Finance Corp., TX, Wesleyan Homes Inc Project, Revenue Bonds, Refunding, 5.000% due 1/1/55 | 287,683 | |
70,000 | Tarrant County Cultural Education Facilities Finance Corp., TX, Retirement Facilities, Air Force Villages Project, Revenue Bonds, Refunding, 4.000% due 5/15/31 | 65,480 | |
205,000 | Tarrant County Cultural Education Facilities Finance Corp., TX, Retirement Facilities, Air Force Villiages Project, Revenue Bonds, Refunding, 4.000% due 5/15/27 | 199,329 | |
150,000 | Tarrant County Cultural Education Facilities Finance Corp., TX, Retirement Facilities, Barton Creek Senior living Center Project, Revenue Bonds, Refunding, 5.000% due 11/15/35 | 145,314 | |
140,000 | Tarrant County Cultural Education Facilities Finance Corp., TX, Retirement Facilities, Stayton at Museum Way Project, Revenue Bonds, Refunding, Series A, 5.750% due 12/1/543 | 91,000 | |
100,000 | Texas Department of Housing and Community Affairs, Revenue Bonds, Series A, (GNMA Insured), 4.750% due 3/1/49 | 100,910 | |
740,000 | Texas Municipal Gas Acquisition and Supply Corp. II, Revenue Bonds, Series C, (3 mo.USD SOFR*0.66+0.86%), 4.417% due 9/15/277 | 726,324 | |
700,000 | Town of Little Elm, TX, Special Assessment, Series A, 5.375% due 9/1/512 | 693,831 | |
9,151,302 | |||
Utah — 0.2% | |||
250,000 | Mida Mountain Village Public Infrastructure District, UT, Special Assessment, Series A, 5.000% due 8/1/502 | 228,361 | |
Vermont — 0.6% | |||
260,000 | Vermont Economic Development Authority, Revenue Bonds, Refunding, Series A, 4.000% due 5/1/37 | 237,615 | |
500,000 | Vermont Economic Development Authority, Revenue Bonds, Series A -1, 5.000% due 6/1/522,4 | 502,531 | |
740,146 | |||
Virginia — 5.0% | |||
415,000 | Atlantic Park Community Development Authority, VA, Revenue Bonds, 6.250% due 8/1/452 | 403,756 | |
1,000,000 | County of Loudoun, VA, General Obligation Unlimited, Refunding, Series A, 4.000% due 12/1/25 | 1,022,677 | |
750,000 | Farmville Industrial Development Authority, VA, Longwood University Student Project, Revenue Bonds, Refunding, Series A, 5.000% due 1/1/38 | 758,259 | |
Hanover County Economic Development Authority, VA, Care Facilities Revenue, Covenant Woods, Revenue Bonds, Refunding: | |||
255,000 | 4.000% due 7/1/302 | 234,421 | |
500,000 | 5.000% due 7/1/38 | 454,882 | |
295,000 | Henrico County Economic Development Authority, VA, Health Care Facilities Revenue, Revenue Bonds, Refunding, Series C, 5.000% due 12/1/37 | 300,223 | |
500,000 | Henrico County Economic Development Authority, VA, Residencial Care Facility Revenue, Revenue Bonds, Series A, 5.000% due 6/1/39 | 474,789 |
See Notes to Schedules of Portfolio Investments
78 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Virginia — (Continued) | |||
$500,000 | Newport News Industrial Development Authority, VA, Health System Revenue, Revenue Bonds, Series A, 5.000% due 7/1/462 | $498,821 | |
500,000 | Virginia Small Business Financing Authority, Residential Care Facility Revenue, Revenue Bonds, Refunding, Series C, 5.000% due 6/1/42 | 479,680 | |
760,000 | Virginia Small Business Financing Authority, Revenue Bonds, 8.500% due 6/1/422 | 746,724 | |
655,000 | Virginia Small Business Financing Authority, Revenue Bonds, (SOFR*0.70+5.50%), 9.224% due 6/1/292,7 | 638,855 | |
50,000 | Virginia Small Business Financing Authority, Revenue Bonds, Refunding, 4.000% due 12/1/51 | 39,135 | |
290,000 | Virginia Small Business Financing Authority, Revenue Bonds, Series A, 8.500% due 12/1/522 | 280,586 | |
6,332,808 | |||
Washington — 3.2% | |||
235,000 | Kalispel Tribe of Indians, WA, Priority District, Revenue Bonds, Series B, 5.250% due 1/1/382 | 242,848 | |
1,000,000 | King County School District No.411 Issaquah, WA, General Obligation Unlimited, Refunding, 5.000% due 12/1/25 | 1,027,705 | |
1,000,000 | State of Washington, General Obligation Unlimited, Series D, 5.000% due 6/1/256 | 1,027,012 | |
200,000 | Washington Health Care Facilities Authority, Revenue Bonds, Refunding, Series A-2, 5.000% due 8/1/30 | 217,658 | |
Washington State Convention Center Public Facilities District, Revenue Bonds, Refunding, Series B: | |||
260,000 | 4.000% due 7/1/31 | 262,617 | |
295,000 | 3.000% due 7/1/35 | 267,451 | |
625,000 | Washington State Housing Finance Commission, Refunding, Judson Park Project, Revenue Bonds, 5.000% due 7/1/382 | 597,740 | |
480,304 | Washington State Housing Finance Commission, Revenue Bonds, Series A-1, 3.500% due 12/20/35 | 452,262 | |
4,095,293 | |||
West Virginia — 0.4% | |||
500,000 | West Virginia Economic Development Authority, Wyoming County Coal Project, Revenue Bonds, 9.000% due 6/1/382 | 506,484 | |
Wisconsin — 6.9% | |||
250,000 | Public Finance Authority, WI, Charter Day School Inc Project, Revenue Bonds, Series A, 5.000% due 12/1/452 | 214,885 | |
500,000 | Public Finance Authority, WI, Charter School Revenue, Revenue Bonds, Series A, 5.375% due 7/15/472 | 489,869 | |
500,000 | Public Finance Authority, WI, Grand Hyatt San Antonio Hotel Acquisition Project, Revenue Bonds, Series B, 6.000% due 2/1/622 | 514,815 | |
115,000 | Public Finance Authority, WI, Hospital Facility Authority, Revenue Bonds, Refunding, Series A, 4.000% due 12/1/412 | 100,255 | |
110,000 | Public Finance Authority, WI, Hospital Facility Authority, Revenue Bonds, Series A-1, 4.000% due 7/1/512 | 89,994 | |
115,000 | Public Finance Authority, WI, KDC AgriBusiness LLC Project, Revenue Notes, Series A, 15.000% due 5/15/231,2,3 | 0 | |
200,000 | Public Finance Authority, WI, Lariat Project, Revenue Bonds, 0.000% due 9/1/292,5 | 132,470 | |
Public Finance Authority, WI, Lehigh Valley Health Network Micro Hospitals, Revenue Bonds: | |||
190,000 | 7.250% due 12/1/422 | 191,572 | |
115,000 | 7.500% due 12/1/522 | 117,059 | |
Public Finance Authority, WI, Retirement Facility Revenue, Revenue Bonds, Refunding: | |||
250,000 | 5.000% due 9/1/492 | 192,548 | |
500,000 | 5.000% due 9/1/542 | 439,784 |
See Notes to Schedules of Portfolio Investments
79 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Continued)
January 31, 2024 - (Unaudited)
Face Amount | Value | ||
MUNICIPAL BONDS* — (Continued) | |||
Wisconsin — (Continued) | |||
$250,000 | Public Finance Authority, WI, Revenue Bonds, 10.000% due 11/1/382 | $251,465 | |
Public Finance Authority, WI, Revenue Bonds, Refunding, Series A: | |||
335,000 | 5.000% due 6/1/292 | 336,462 | |
250,000 | 5.000% due 1/1/35 | 250,496 | |
750,000 | 5.000% due 1/1/46 | 698,033 | |
500,000 | Public Finance Authority, WI, Revenue Bonds, Series A, 4.500% due 6/1/562 | 393,662 | |
25,000 | Public Finance Authority, WI, Roseman University, Revenue Bonds, Prerefunded 4/01/30 @ 100, 5.000% due 4/1/502 | 28,364 | |
230,000 | Public Finance Authority, WI, School Education Revenue, Revenue Bonds, 4.000% due 6/15/292 | 220,739 | |
100,000 | Public Finance Authority, WI, Senior Living Revenue, Mary’s Woods at Marylhurst Project, Revenue Bonds, Refunding, Series A, 4.000% due 10/1/51 | 79,279 | |
20,000 | Public Finance Authority, WI, Senior Living Revenue, Rose Village Project, Revenue Bonds, Series A, Escrowed to Maturity, 5.000% due 11/15/242 | 20,211 | |
50,000 | Public Finance Authority, WI, The obligated Group of National Senior Communities, Revenue Bonds, 4.000% due 1/1/52 | 42,686 | |
400,000 | Public Finance Authority, WI, Tree House Apartments Project, Revenue Bonds, Series A, 6.500% due 8/1/532 | 400,728 | |
275,000 | Public Finance Authority, WI, Tree House Apartments Project, Revenue Bonds, Series B, 6.625% due 2/1/462 | 256,812 | |
250,000 | Public Finance Authority, WI, Wonderful Foundations Charter Project, Revenue Bonds, Series A-1, 5.000% due 1/1/552 | 197,522 | |
1,000,000 | Wisconsin Department of Transportation, Revenue Bonds, Refunding, Series 1, 5.000% due 7/1/296 | 1,123,708 | |
70,000 | Wisconsin Health & Educational Facilities Authority, Revenue Bonds, 4.000% due 12/1/41 | 53,581 | |
Wisconsin Health & Educational Facilities Authority, Revenue Bonds, Refunding: | |||
955,000 | 5.000% due 6/1/41 | 860,506 | |
110,000 | 4.000% due 1/1/47 | 69,974 | |
1,000,000 | 4.000% due 1/1/57 | 577,769 | |
430,000 | Wisconsin Housing & Economic Development Authority Home Ownership Revenue, Revenue Bonds, Series D, 4.000% due 3/1/47 | 428,742 | |
8,773,990 | |||
Other Territory — 0.2% | |||
257,256 | Federal Home Loan Mortgage Corporation Multifamily 2021ML-10 Certificates, Class AUS, 2.032% due 1/25/38 | 198,392 | |
698,959 | Federal Home Loan Mortgage Corporation Multifamily 2021ML-10 Certificates, Class XUS, 2.127% due 1/25/384 | 107,992 | |
306,384 | |||
TOTAL MUNICIPAL BONDS (Cost $132,207,367) | 121,102,359 | ||
TOTAL INVESTMENTS (Cost $133,196,809) | 95.7% | $121,969,218 | |
OTHER ASSETS IN EXCESS OF LIABILITIES | 4.3 | 5,456,632 | |
NET ASSETS | 100.0% | $127,425,850 |
See Notes to Schedules of Portfolio Investments
80 |
THE GLENMEDE FUND, INC.
High Yield Municipal Portfolio
SCHEDULE OF PORTFOLIO INVESTMENTS — (Concluded)
January 31, 2024 - (Unaudited)
* | Percentages indicated are based on net assets. |
1 | For fair value measurement disclosure purposes, security is categorized as Level 3 (See Note 1 of the Notes to Schedules of Portfolio Investments). |
2 | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. This security may be resold in transactions exempt from registration, normally to qualified buyers. At January 31, 2024, these securities, which are not illiquid, amounted to $40,716,690 or 32.0% of net assets for the Fund. |
3 | This security is in default. See Note 1. |
4 | Variable/Floating interest rate security. Certain variable/floating interest rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. Rate presented is as of January 31, 2024. |
5 | Zero Coupon Bond. |
6 | When-issued security. |
7 | Floating Rate Bond. Rate shown is as of January 31, 2024. |
Abbreviations: |
AGC — Assurance Guaranty Corporation |
AGMC — Assured Guaranty Municipal Corporation |
AMBAC — American Municipal Bond Assurance Corporation |
AMT — Alternative Minimum Tax |
BAM — Build America Mutual |
FHA — Federal Housing Administration |
FHLMC — Federal Home Loan Mortgage Corporation |
FNMA — Federal National Mortgage Association |
GNMA — Government National Mortgage Association |
HUD — Housing and Urban Development |
MBIA — Municipal Bond Investors Assurance |
NPFG — National Public Finance Guarantee Corporation |
Centrally Cleared Interest Rate Swap Contracts | |||||||||||||||||
Payments made by Fund | Payments received by Fund | Notional Amount | Expiration Date | Periodic Payment Frequency | Upfront Premiums Paid | Upfront Premiums Received | Value | Unrealized Appreciation/ (Depreciation) | |||||||||
12 Mo. USD SOFR | Fixed 4.60% | USD | 4,200,000 | 10/27/43 | Annual | $— | $— | $545,138 | $545,138 | ||||||||
12 Mo. USD SOFR | Fixed 4.12% | USD | 3,200,000 | 10/04/58 | Annual | — | — | 432,699 | 432,699 | ||||||||
Fixed 3.69% | 12 Mo. USD SOFR | USD | 2,200,000 | 10/27/48 | Annual | — | — | (30,961) | (30,961) | ||||||||
Total Centrally Cleared Interest Rate Swap Contracts | $— | $— | $946,876 | $946,876 |
See Notes to Schedules of Portfolio Investments
81 |
THE GLENMEDE FUND, INC.
Notes to Schedules of Portfolio Investments (Unaudited)
1. Organization and Significant Accounting Policies
As of January 31, 2024, The Glenmede Fund, Inc. (the “Fund”) currently offers shares in seventeen portfolios: the Quantitative U.S. Large Cap Core Equity Portfolio, the Quantitative U.S. Large Cap Growth Equity Portfolio, the Quantitative U.S. Large Cap Value Equity Portfolio, the Quantitative U.S. Small Cap Equity Portfolio, the Quantitative International Equity Portfolio, the Responsible ESG U.S. Equity Portfolio, the Women in Leadership U.S. Equity Portfolio, the Quantitative U.S. Long/Short Equity Portfolio, the Quantitative U.S. Total Market Equity Portfolio, the Strategic Equity Portfolio, the Small Cap Equity Portfolio, the Equity Income Portfolio, the Secured Options Portfolio, the Global Secured Options Portfolio, the Core Fixed Income Portfolio, the Short Term Tax Aware Fixed Income Portfolio and the High Yield Municipal Portfolio (each, a “Portfolio” and collectively, the “Portfolios”). The Fund was incorporated in the State of Maryland on June 30, 1988, and is registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company.
Since January 2, 1998, the Small Cap Equity Portfolio has consisted of two classes of shares: the Advisor Class and the Institutional Class. Since June 30, 2015, the Quantitative U.S. Large Cap Core Equity Portfolio and the Quantitative U.S. Large Cap Growth Equity Portfolio have offered two classes of shares: the Advisor Class and the Institutional Class. The Institutional classes commenced operations on December 30, 2015 and November 5, 2015, respectively. Since July 14, 2016, the Secured Options Portfolio has offered two classes of shares: the Advisor Class and the Institutional Class. The Institutional Class shares of the Secured Options Portfolio commenced operations on November 9, 2016. Since February 14, 2019, the Quantitative U.S. Long/Short Equity Portfolio has offered two classes of shares: the Advisor Class and the Institutional Class. As of that date, the existing class of the Quantitative U.S. Long/Short Equity Portfolio changed its name to the Advisor Class. The Institutional Class shares of the Quantitative U.S. Long/Short Equity Portfolio commenced operations on September 13, 2019. The High Yield Municipal Portfolio, the Responsible ESG U.S. Equity Portfolio and the Women in Leadership U.S. Equity Portfolio commenced operations on December 22, 2015. The Short Term Tax Aware Fixed Income Portfolio commenced operations on June 29, 2016. The Equity Income Portfolio commenced operations on December 21, 2016. The Quantitative U.S. Large Cap Value Equity Portfolio and Quantitative U.S. Small Cap Equity Portfolio commenced operations on November 13, 2017.
Valuation of Securities: Equity securities and options listed on a U.S. securities exchange, including exchange-traded funds (“ETFs”), for which market quotations are readily available are valued at the last quoted sale price as of the close of the exchange’s regular trading hours on the day the valuation is made. These securities are typically categorized as Level 1 in the fair value hierarchy. Price information on listed securities is taken from the exchange where the securities are primarily traded. Securities traded on the NASDAQ System are valued at the NASDAQ Official Closing Price (“NOCP”) and are typically categorized as Level 1 in the fair value hierarchy. Unlisted equity securities and listed securities not traded on the valuation date for which market quotations are readily available are valued at an amount that does not exceed the ask price and is not less than the bid price and are typically categorized as Level 2. If no sales are reported, exchange-traded options are valued at the mean of the bid and ask price and are typically categorized as Level 2. Options traded over-the-counter are valued using prices supplied by dealers and are typically categorized as Level 2. Securities and options listed on a foreign exchange and unlisted foreign securities that are traded on the valuation date are valued at the last quoted sales price available before the time when assets are valued and are typically categorized as Level 1. Investments in open-end registered investment companies are valued at their respective net asset values ("NAVs") as reported by such companies, and are typically categorized as Level 1.
Bonds and other fixed-income securities are valued at the most recent quoted bid price or, when exchange valuations are used, at the latest quoted sale price on the day of valuation. Such securities are typically categorized as Level 2 in the fair value hierarchy. In addition, bond and other fixed-income securities may be valued on the basis of prices provided by a pricing service or by using a matrix or formula. In such instances, when the Portfolio’s investment advisor believes such prices reflect the fair market value of such securities and are based on observable inputs, these securities are typically categorized as Level 2. Debt securities purchased with maturities of 60 days or less at the time of purchase are valued at amortized cost and are typically categorized as Level 2. Amortized cost valuation involves valuing an instrument at its cost initially and thereafter assuming a constant amortization to maturity of any discount or premium, regardless of the effect of fluctuating interest rates on the market value of the instrument.
With respect to a Portfolio’s investments that do not have readily available market quotations, the Fund’s Board of Directors (the “Board”) has designated the Portfolio’s investment advisor as its valuation designee to perform fair valuations pursuant to Rule 2a-5 under the 1940 Act (in such capacity, the "Valuation Designee"). If market prices are not readily available or are deemed unreliable, the Valuation Designee will use the fair value of the security or other instrument as determined in good faith under policies and procedures established by and under the supervision of the Board ("Valuation Procedures"). Market prices are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or broker quotes), including where events occur after the close of the relevant market, but prior to the NASDAQ Close, that materially affect the values of a Portfolio’s holdings or assets. In addition, market prices are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities or other instruments trade do not open for trading for the entire day and no other market prices are available. Investments valued using significant unobservable inputs are generally categorized as Level 3 in the fair value hierarchy. Fair value pricing is subjective in nature and the use of fair value pricing by the Valuation Designee may cause the NAV of the Portfolio’s shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio holding is primarily
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traded. There can be no assurance that a Portfolio could obtain the fair value assigned to an investment if the Portfolio were to sell the investment at approximately the time at which the Portfolio determines its NAV.
Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standard Codification ("ASC") Topic 820, “Fair Value Measurements" defines fair value, establishes a three-level hierarchy for measuring fair value and expands disclosure about fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of each Portfolio’s investments. Inputs refer broadly to the assumptions that market participants would use in pricing a security. In some instances, the inputs used to measure fair value might fall in different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest input level that is significant to the fair value measurement in its entirety. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances. These inputs are summarized in the three levels listed below:
Level 1 — quoted prices in active markets for identical investments;
Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, adjusted quoted prices on foreign equity securities and others) or valuations based on quoted prices in markets that are not active; and
Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).
The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities.
Changes in valuation techniques may result in changing an investment’s assigned level within the hierarchy.
The Quantitative U.S. Large Cap Core Equity Portfolio, Quantitative U.S. Large Cap Growth Equity Portfolio, Quantitative U.S. Large Cap Value Equity Portfolio, Quantitative U.S. Small Cap Equity Portfolio, Quantitative International Equity Portfolio, Responsible ESG U.S. Equity Portfolio, Women in Leadership U.S. Equity Portfolio, Quantitative U.S. Long/Short Equity Portfolio, Quantitative U.S. Total Market Equity Portfolio, Strategic Equity Portfolio, Small Cap Equity Portfolio and Equity Income Portfolio had all investments at Level 1 of the hierarchy except repurchase agreements which were at Level 2 of the hierarchy, at January 31, 2024. The Short Term Tax Aware Fixed Income Portfolio had all investments with corresponding states, Treasury securities, corporate notes and repurchase agreements at Level 2 of the hierarchy at January 31, 2024.
Transfers into and out of a level are typically recognized at the end of the reporting period.
The following is a summary of the inputs used as of January 31, 2024 in valuing the assets and liabilities of the Secured Options Portfolio, Global Secured Options Portfolio, Core Fixed Income Portfolio and High Yield Municipal Portfolio:
Secured Options Portfolio
ASSETS VALUATION INPUT
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | ||||
Exchange-Traded Funds | $23,986,248 | $— | $— | $23,986,248 | ||||
U.S. Treasury Bills | — | 110,944,796 | — | 110,944,796 | ||||
Repurchase Agreement | — | 821,280 | — | 821,280 | ||||
Purchased Options | ||||||||
Calls | 372,034,880 | — | — | 372,034,880 | ||||
Puts | 62,060,330 | — | — | 62,060,330 | ||||
Total Purchased Options | 434,095,210 | — | — | 434,095,210 | ||||
Total Investments | 458,081,458 | 111,766,076 | — | 569,847,534 | ||||
Total | $458,081,458 | $111,766,076 | $— | $569,847,534 |
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LIABILITIES VALUATION INPUT
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | ||||
Written Options | ||||||||
Calls | $(27,442,380) | $— | $— | $(27,442,380) | ||||
Puts | (2,435,375) | — | — | (2,435,375) | ||||
Total Written Options | (29,877,755) | — | — | (29,877,755) | ||||
Total | $(29,877,755) | $— | $— | $(29,877,755) |
Global Secured Options Portfolio
ASSETS VALUATION INPUT
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | ||||
Exchange-Traded Funds | $5,203,871 | $— | $— | $5,203,871 | ||||
U.S. Treasury Bills | — | 4,655,259 | — | 4,655,259 | ||||
Repurchase Agreement | — | 133,594 | — | 133,594 | ||||
Purchased Options | ||||||||
Calls | 13,203,595 | — | — | 13,203,595 | ||||
Puts | 2,206,520 | — | — | 2,206,520 | ||||
Total Purchased Options | 15,410,115 | — | — | 15,410,115 | ||||
Total Investments | 20,613,986 | 4,788,853 | — | 25,402,839 | ||||
Total | $20,613,986 | $4,788,853 | $— | $25,402,839 |
LIABILITIES VALUATION INPUT
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | ||||
Written Options | ||||||||
Calls | $(957,970) | $— | $— | $(957,970) | ||||
Puts | (93,475) | — | — | (93,475) | ||||
Total Written Options | (1,051,445) | — | — | (1,051,445) | ||||
Total | $(1,051,445) | $— | $— | $(1,051,445) |
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Core Fixed Income Portfolio
ASSETS VALUATION INPUT
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | ||||
Agency Notes | ||||||||
Federal Home Loan Bank | $— | $31,178,820 | $— | $31,178,820 | ||||
Federal National Mortgage Association | — | 23,331,218 | — | 23,331,218 | ||||
Total Agency Notes | — | 54,510,038 | — | 54,510,038 | ||||
Mortgage-Backed Securities | ||||||||
Federal Home Loan Mortgage Corporation | — | 64,143,542 | — | 64,143,542 | ||||
Federal National Mortgage Association | — | 76,418,629 | — | 76,418,629 | ||||
Government National Mortgage Association | — | 126,662 | — | 126,662 | ||||
Total Mortgage-Backed Securities | — | 140,688,833 | — | 140,688,833 | ||||
Corporate Notes | ||||||||
Banking | — | 10,509,150 | — | 10,509,150 | ||||
Beverages, Food & Tobacco | — | 9,184,756 | — | 9,184,756 | ||||
Computer Software & Processing | — | 15,375,195 | — | 15,375,195 | ||||
Electric Utilities | — | 8,640,876 | — | 8,640,876 | ||||
Electronics | — | 7,186,855 | — | 7,186,855 | ||||
Financial Services | — | 10,174,687 | — | 10,174,687 | ||||
Heavy Machinery | — | 3,624,358 | — | 3,624,358 | ||||
Insurance | — | 4,856,269 | — | 4,856,269 | ||||
Media - Broadcasting & Publishing | — | 6,657,144 | — | 6,657,144 | ||||
Oil & Gas | — | 4,608,011 | — | 4,608,011 | ||||
Pharmaceuticals | — | 7,942,656 | — | 7,942,656 | ||||
Transportation | — | 3,846,600 | — | 3,846,600 | ||||
Total Corporate Notes | — | 92,606,557 | — | 92,606,557 | ||||
U.S. Treasury Notes/Bonds | — | 91,001,016 | — | 91,001,016 | ||||
Repurchase Agreement | — | 3,126,731 | — | 3,126,731 | ||||
Investment of Security Lending Collateral | 21,031,184 | — | — | 21,031,184 | ||||
Total Investments | 21,031,184 | 381,933,175 | — | 402,964,359 | ||||
Total | $21,031,184 | $381,933,175 | $— | $402,964,359 |
High Yield Municipal Portfolio
ASSETS VALUATION INPUT
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | ||||
Corporate Notes | ||||||||
Health Care Services | $— | $138,393 | $— | $138,393 | ||||
Lodging | — | — | 728,466 | 728,466 | ||||
Total Corporate Notes | — | 138,393 | 728,466 | 866,859 | ||||
Municipal Bonds | ||||||||
Alabama | — | 450,671 | — | 450,671 | ||||
Arizona | — | 4,848,251 | — | 4,848,251 | ||||
Arkansas | — | 1,076,146 | — | 1,076,146 | ||||
California | — | 9,934,049 | — | 9,934,049 |
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Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | ||||
Colorado | $— | $6,085,015 | $— | $6,085,015 | ||||
Connecticut | — | 635,217 | — | 635,217 | ||||
Delaware | — | 511,169 | — | 511,169 | ||||
District of Columbia | — | 3,643,182 | — | 3,643,182 | ||||
Florida | — | 9,409,419 | — | 9,409,419 | ||||
Georgia | — | 1,192,216 | — | 1,192,216 | ||||
Guam | — | 282,738 | — | 282,738 | ||||
Idaho | — | 1,501,257 | — | 1,501,257 | ||||
Illinois | — | 5,101,856 | — | 5,101,856 | ||||
Indiana | — | 2,839,064 | — | 2,839,064 | ||||
Kansas | — | 469,731 | — | 469,731 | ||||
Kentucky | — | 1,453,855 | — | 1,453,855 | ||||
Louisiana | — | 755,346 | — | 755,346 | ||||
Maryland | — | 2,359,136 | — | 2,359,136 | ||||
Massachusetts | — | 91,776 | — | 91,776 | ||||
Michigan | — | 2,193,251 | — | 2,193,251 | ||||
Minnesota | — | 737,045 | — | 737,045 | ||||
Missouri | — | 2,106,766 | — | 2,106,766 | ||||
Nebraska | — | 99,714 | — | 99,714 | ||||
Nevada | — | 2,609,063 | — | 2,609,063 | ||||
New Hampshire | — | 431,803 | — | 431,803 | ||||
New Jersey | — | 2,037,718 | — | 2,037,718 | ||||
New Mexico | — | 810,327 | — | 810,327 | ||||
New York | — | 3,544,026 | — | 3,544,026 | ||||
North Carolina | — | 2,550,812 | — | 2,550,812 | ||||
North Dakota | — | 594,836 | — | 594,836 | ||||
Ohio | — | 2,357,119 | — | 2,357,119 | ||||
Oklahoma | — | 1,568,656 | — | 1,568,656 | ||||
Oregon | — | 1,379,715 | — | 1,379,715 | ||||
Other Territory | — | 306,384 | — | 306,384 | ||||
Pennsylvania | — | 4,774,037 | — | 4,774,037 | ||||
Puerto Rico | — | 6,317,650 | — | 6,317,650 | ||||
Rhode Island | — | 229,400 | — | 229,400 | ||||
South Carolina | — | 2,735,144 | — | 2,735,144 | ||||
Tennessee | — | 1,250,415 | — | 1,250,415 | ||||
Texas | — | 9,151,302 | — | 9,151,302 | ||||
Utah | — | 228,361 | — | 228,361 | ||||
Vermont | — | 740,146 | — | 740,146 | ||||
Virginia | — | 6,332,808 | — | 6,332,808 | ||||
Washington | — | 4,095,293 | — | 4,095,293 | ||||
West Virginia | — | 506,484 | — | 506,484 | ||||
Wisconsin | — | 8,773,990 | 0* | 8,773,990 | ||||
Total Municipal Bonds | — | 121,102,359 | 0 | 121,102,359 | ||||
Centrally Cleared Interest Rate Swap Contracts | — | 946,876 | — | 946,876 | ||||
Total Investments | — | 122,187,628 | 728,466 | 122,916,094 | ||||
Total | $— | $122,187,628 | $728,466 | $122,916,094 |
* Includes one security priced at $0.
Repurchase Agreements: Each Portfolio may engage in repurchase agreement transactions. Under the terms of a typical repurchase agreement, the applicable Portfolio takes possession of an underlying debt obligation subject to an obligation of the seller to repurchase, and the applicable Portfolio to resell the obligation at an agreed-upon price and time, thereby determining the yield during the Portfolio’s holding period. This arrangement results in a fixed rate of return that is not subject to market fluctuations during the Portfolio’s holding period. The seller’s obligation is secured by
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collateral (underlying securities) segregated on behalf of the Portfolio. The value of the collateral at the time of execution must be at least equal to 102% of the total amount of the repurchase obligations, including interest. In the event of counterparty default, the Portfolio has the right to sell the collateral to offset losses incurred. There is a potential for loss to a Portfolio in the event the Portfolio is delayed or prevented from exercising its rights to dispose of the collateral securities, including the risk of a possible decline in the value of the underlying securities during the period while the Portfolio seeks to assert its rights. Each Portfolio’s investment advisor, acting under the supervision of the Board, reviews the value of the collateral and the creditworthiness of those banks and dealers with which each Portfolio enters into repurchase agreements to evaluate potential risks.
Master Repurchase Agreements (“MRA”) permit a Portfolio, under certain circumstances, including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under the MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Portfolio. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of the MRA counterparty’s bankruptcy or insolvency. Pursuant to the terms of the MRA, the applicable Portfolio receives or posts securities as collateral with a market value in excess of the repurchase price to be paid or received by the Portfolio upon the maturity of the transaction. Upon a bankruptcy or insolvency of the MRA counterparty, the Portfolio would recognize a liability with respect to such excess collateral to reflect the Portfolio’s obligation under bankruptcy law to return the excess to the counterparty. The gross value and related collateral received for each Portfolio’s investments in repurchase agreements as of January 31, 2024 are presented in each Portfolio’s Schedule of Portfolio Investments.
As of January 31, 2024, the following table is a summary of the Fund’s repurchase agreements by counterparty which are subject to offset under an MRA:
Quantitative U.S. Large Cap Core Equity Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $2,221,487 | $(2,221,487) | $— | $— | $— |
Quantitative U.S. Large Cap Growth Equity Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $3,788,585 | $(3,788,585) | $— | $— | $— |
Quantitative U.S. Large Cap Value Equity Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $12,107 | $(12,107) | $— | $— | $— |
Quantitative U.S. Small Cap Equity Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $16,554 | $(16,554) | $— | $— | $— |
Quantitative International Equity Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $191,735 | $(191,735) | $— | $— | $— |
Responsible ESG U.S. Equity Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $171,694 | $(171,694) | $— | $— | $— |
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Women in Leadership U.S. Equity Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $159,104 | $(159,104) | $— | $— | $— |
Quantitative U.S. Long/Short Equity Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $1,589,973 | $(1,589,973) | $— | $— | $— |
Quantitative U.S. Total Market Equity Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $76,072 | $(76,072) | $— | $— | $— |
Strategic Equity Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $1,023,030 | $(1,023,030) | $— | $— | $— |
Small Cap Equity Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $19,700,299 | $(19,700,299) | $— | $— | $— |
Equity Income Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $96,036 | $(96,036) | $— | $— | $— |
Secured Options Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $821,280 | $(821,280) | $— | $— | $— |
Global Secured Options Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $133,594 | $(133,594) | $— | $— | $— |
Core Fixed Income Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $3,126,731 | $(3,126,731) | $— | $— | $— |
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Short Term Tax Aware Fixed Income Portfolio
Counterparty | Repurchase Agreements | Fair Value of Non-Cash Collateral Received(a) | Cash Collateral Received | Net Collateral Received | Net Exposure(b) | |||||
Fixed Income Clearing Corp. | $32,879 | $(32,879) | $— | $— | $— |
(a)The value of the related collateral exceeded the value of the net position in the repurchase agreements as of January 31, 2024. The total value of the non-cash collateral received is disclosed in the Schedules of Portfolio Investments.
(b)Net exposure represents the receivable (payable) that would be due from (to) the counterparty in the event of default.
Foreign Currency Translation: The books and records of each Portfolio are maintained in U.S. dollars. Foreign currencies, investments and other assets and liabilities are translated into U.S. dollars at the exchange rates prevailing at the end of the period, and purchases and sales of investment securities, income and expenses are translated at exchange rates prevailing on the dates of such transactions. Unrealized gains and losses that result from changes in foreign currency exchange rates have been included in the unrealized gains and losses on foreign currency translations. Net realized foreign currency gains and losses resulting from changes in exchange rates include foreign currency gains and losses between trade date and settlement date on investment securities transactions, foreign currency transactions and the difference between the amounts of interest and dividends recorded on the books of each Portfolio and the amount actually received. The portion of foreign currency gains and losses related to fluctuation in exchange rates between the purchase settlement date and subsequent sale trade date is included in realized gains and losses on investment transactions. The Portfolios do not isolate that portion of the results of operations resulting from changes in the foreign exchange rates on investments from the fluctuations in the market prices of securities held at the end of the period. Similarly, the Portfolios do not isolate the effect of changes in foreign exchange rates from the fluctuations in the market prices of portfolio securities sold during the period.
Foreign Securities: The Strategic Equity Portfolio, Small Cap Equity Portfolio, Equity Income Portfolio, Secured Options Portfolio, Global Secured Options Portfolio and Quantitative International Equity Portfolio may invest in foreign securities. Investing in securities of foreign companies and foreign governments involves special risks and considerations not typically associated with investing in securities of U.S. companies and the U.S. government. These risks include valuation of currencies and future adverse political and economic developments. Moreover, securities of some foreign companies and foreign governments and their markets may be less liquid and their prices more volatile than those of securities of comparable U.S. companies and the U.S. government. This is particularly true with respect to emerging markets in developing countries.
Options Transactions: The Strategic Equity Portfolio, Quantitative U.S. Long/Short Equity Portfolio, Secured Options Portfolio and Global Secured Options Portfolio are subject to equity price risk and may purchase or write covered call options or secured put options to hedge against changes in the value of securities each Portfolio owns or expects to own. The Secured Options Portfolio and Global Secured Options Portfolio use option strategies also in an effort to earn options premiums and to provide more stable returns. These options may relate to particular securities or securities indices and may or may not be listed on a domestic securities exchange or issued by the Options Clearing Corporation. A call option gives the option holder the right to purchase the underlying security at a specified price until a specified date. A put option gives the option holder the right to sell the underlying security at a specified price until a specified date. The risk in writing a call option is that the Portfolio may forgo the opportunity of profit if the market price of the underlying security increases and the option is exercised. The risk in writing a put option is that the Portfolio may incur a loss if the market price of the underlying security decreases and the option is exercised. In addition, there is a risk the Portfolio may not be able to enter into a closing transaction because of an illiquid secondary market or, for over-the-counter options, because of the counterparty’s inability to perform. Portfolio assets covering written options cannot be sold while the option is outstanding, unless replaced by similar assets. A Portfolio also risks losing all or part of the cash paid for purchasing call and put options. The Portfolios may also write over-the-counter options where completing the obligation depends upon the credit standing of the other party. The Strategic Equity Portfolio and Quantitative U.S. Long/Short Equity Portfolio did not enter into any options transactions during the period ended January 31, 2024. During the period ended January 31, 2024, the Secured Options Portfolio and the Global Secured Options Portfolio wrote put and call options and purchased put and call options in an attempt to achieve their respective investment objective and strategies. As of January 31, 2024, the Secured Options Portfolio and Global Secured Options Portfolio pledged cash in the amount of $5,170,635 and $241,382, respectively, to brokers, as collateral for written options. In addition, security collateral (U.S. Treasury Bills and exchange-traded funds) valued at $126,485,331 and $3,960,411 was pledged as collateral by the Secured Options Portfolio and Global Secured Options Portfolio, respectively.
Lending of Portfolio Securities: Each Portfolio, using State Street Bank and Trust Company ("State Street") as its lending agent, may loan securities to qualified brokers and dealers in exchange for negotiated lenders’ fees. Each applicable Portfolio receives cash collateral (which may be invested by the lending agent in short-term instruments) and/or non-cash collateral (which may include U.S. Treasuries and/or U.S. Government Agency securities), in an amount at least equal to 102% (for loans of U.S. securities) or 105% (for loans of non-U.S. securities) of the market value of the loaned securities at the inception of each loan. The market value of the loaned securities is determined at the close of
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business of the Fund and any additional required collateral is delivered to the applicable Portfolio on the next business day. On behalf of the Quantitative U.S. Long/Short Equity Portfolio and Quantitative U.S. Total Market Equity Portfolio, some or all of the cash collateral may be used to finance short sales. The cash collateral received for the Quantitative U.S. Long/Short Equity Portfolio was not used to finance short sales during the six months ended January 31, 2024. During the six months ended January 31, 2024, the cash collateral received by the Quantitative U.S. Small Cap Equity Portfolio, Quantitative International Equity Portfolio, Quantitative U.S. Long/Short Equity Portfolio, Quantitative U.S. Total Market Equity Portfolio, Small Cap Equity Portfolio and Core Fixed Income Portfolio was invested in the State Street Navigator Securities Lending Government Money Market Portfolio, which is a 1940 Act money market fund. To the extent that advisory or other fees paid by the State Street Navigator Securities Lending Government Money Market Portfolio are for the same or similar services as fees paid by the applicable Portfolio, there will be a layering of fees, which would increase expenses and decrease returns. Information regarding the value of the securities loaned and the value of the cash collateral at period end is included at the end of each applicable Schedule of Portfolio Investments . Non-cash collateral detail is not disclosed in the Schedules of Portfolio Investments as it is held by the lending agent on behalf of a Portfolio, and a Portfolio does not have the ability to re-hypothecate those securities. A Portfolio could experience a delay in recovering its securities and a possible loss of income or value if the borrower fails to return the securities when due. A Portfolio may also record realized gain or loss on securities deemed sold due to a borrower’s inability to return securities on loan. Such loans would involve risks of delay in receiving additional collateral in the event that the collateral decreased below the value of the securities loaned or risks of the loss of rights in the collateral should the borrower of the securities fail financially.
As of January 31, 2024, the following Portfolios had outstanding loans of securities to certain approved brokers for which such Portfolios received collateral:
Portfolio | Market Value of Loaned Securities | Market Value of Cash Collateral | Market Value of Non-Cash Collateral | % of Total Assets on Loan | ||||
Quantitative U.S. Small Cap Equity Portfolio | $46,480 | $44,051 | $6,821 | 2.56 | ||||
Quantitative International Equity Portfolio | 720,863 | 753,535 | — | 2.75 | ||||
Quantitative U.S. Long/Short Equity Portfolio | 4,109 | 4,232 | — | 0.01 | ||||
Quantitative U.S. Total Market Equity Portfolio | 810,384 | 849,790 | — | 1.69 | ||||
Small Cap Equity Portfolio | 39,699,435 | 42,084,946 | — | 3.56 | ||||
Core Fixed Income Portfolio | 20,722,084 | 21,031,184 | — | 5.10 |
Real Estate Investment Trusts: The Portfolios may invest in real estate investment trusts (“REITs”), which pool investors’ funds for investment, primarily in income producing real estate or real estate-related loans or interests. A REIT is not taxed on income distributed to its shareholders or unitholders if it complies with regulatory requirements relating to its organization, ownership, assets and income, and with a regulatory requirement to distribute to its shareholders or unitholders at least 90% of its taxable income for each taxable year.
A shareholder in a Portfolio, by investing in REITs through the Portfolio, will bear not only the shareholder’s proportionate share of the expenses of the Portfolio, but also, indirectly, the management expenses of the underlying REITs. REITs depend generally on their ability to generate cash flow to make distributions to shareholders or unitholders, and may be subject to defaults by borrowers and to self-liquidations. In addition, the performance of a REIT may be affected by its failure to qualify for tax-free pass-through of income, or the REIT’s failure to maintain exemption from registration under the 1940 Act. Dividends representing a return of capital are reflected as a reduction of cost and/or as a realized gain when the amount of the return of capital is conclusively determined. See each Portfolio’s Schedule of Portfolio Investments for REIT securities held as of January 31, 2024.
Securities Sold Short: The Quantitative U.S. Long/Short Equity Portfolio and Quantitative U.S. Total Market Equity Portfolio may engage in short sales, which are sales by the applicable Portfolio of securities which have been borrowed from a third party on the expectation that the market price will decline. If the price of the securities declines, the Portfolio will make a profit by purchasing the securities in the open market at a lower price than the one at which it sold the securities. If the price of the securities increases, the Portfolio may have to cover its short positions at a higher price than the short sale price, resulting in a loss. Gains are limited to the price at which the Portfolios sold the security short, while losses are potentially unlimited in size. Each Portfolio pledges securities and/or other assets, which may include cash collateral from securities lending activities, to the lender as collateral. Proceeds received from short sales may be maintained by the lender as collateral or may be released to the Portfolio and used to purchase additional securities or for any other purpose. Prior to August 19, 2022, each Portfolio was required to segregate an amount of cash, cash equivalents or other appropriate liquid marketable securities with the custodian in an amount at least equal to the current market value of the securities sold short (less any additional collateral held by the lender) and the amount of any securities lending cash collateral used to finance short sales until the Portfolio replaced a borrowed security. Depending on arrangements made with the lender or custodian, the Portfolio was not guaranteed to receive any payments (including interest) on the deposits made with the lender or custodian. The Portfolio is liable to the buyer for any dividends payable on securities while those securities are in a short position. These dividends are recorded as an expense of the Portfolio. Rule 18f-4 under the 1940 Act imposes certain requirements on funds engaging in derivatives transactions (including the amount of derivatives a fund may enter into) and replaced the asset segregation framework previously used by funds to comply with Section 18 of the 1940 Act. As of January 31, 2024, the Quantitative
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U.S. Long/Short Equity Portfolio pledged cash in the amount of $32,205,672 to State Street, as collateral for short sales. The Quantitative U.S. Long/Short Equity Portfolio and Quantitative U.S. Total Market Equity Portfolio also pledged securities in the amount of $7,054,939, and $12,940,489, respectively, to State Street, as collateral for short sales. In addition, State Street has a perfected security interest in a portion of each such Portfolio’s assets.
Investment Company Securities and Exchange-Traded Funds: Subject to applicable regulatory requirements, each Portfolio may invest in shares of other registered investment companies, including ETFs. Currently, pursuant to Rule 12d1-4 under the 1940 Act and procedures approved by the Board, each Portfolio may seek to invest in certain ETFs beyond the statutory limitations, provided the Portfolio complies with Rule 12d1-4 and any applicable investment limitations. Some ETFs seek to track the performance of a particular market index. These indices include both broad-market indices and more narrowly-based indices, including those relating to particular sectors, markets, regions, or industries. However, some ETFs have an actively managed investment objective. ETF shares and closed-end fund shares are traded like traditional equity securities on a national securities exchange or NASDAQ.
Fixed Income and Municipal Securities: The Core Fixed Income Portfolio, High Yield Municipal Portfolio and Short Term Tax Aware Fixed Income Portfolio invest in fixed income securities. The value of fixed income securities tends to fluctuate with changes in interest rates. Generally, their value will decrease when interest rates rise and increase when interest rates fall. Fixed income securities are also subject to the risk that an issuer will be unable to make principal and interest payments when due which could adversely impact a Portfolio’s return and NAV. Changes in the credit rating of a debt security held by a Portfolio could have a similar effect. Fixed income securities with longer maturities are more susceptible to interest rate fluctuations than those with shorter maturities. The U.S. Federal Reserve has raised interest rates from March 2022 through the date of this report, and may continue to do so in the future.
The High Yield Municipal Portfolio invests primarily in municipal securities and during the period, the Short Term Tax Aware Fixed Income Portfolio invested primarily in short-term municipal securities. The value of, payment of interest on, repayment of principal for, and the ability to sell a municipal security may be affected by constitutional amendments, legislation, executive orders, administrative regulations, voter initiatives and the economics of the regions in which the issuers are located. A credit rating downgrade, bond default, or bankruptcy involving an issuer within a particular state or territory could affect the market values and marketability of some or all of the municipal obligations of that state or territory. In addition, since many municipal securities are issued to finance similar projects, especially those relating to education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal securities market and a Portfolio’s investments in municipal securities. There is some risk that a portion or all of the interest received from certain tax-exempt municipal securities could become taxable as a result of determinations by the Internal Revenue Service.
Securities Transactions and Investment Income: Securities transactions are recorded as of the trade date. Realized gains and losses on investments sold are computed on the basis of identified cost. Dividend income and distributions to shareholders are recorded on the ex-dividend date. Dividend income for foreign securities is recorded on the ex-dividend date except that certain dividends from foreign securities are recorded “net of withholding tax” as soon thereafter as a Portfolio is informed of the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Interest income is recorded on the accrual basis. Premiums are amortized and discounts are accreted using the effective interest method. Premiums on callable debt instruments are amortized to earliest call date.
Securities purchased or sold on a when-issued or delayed-delivery basis may be settled after a period longer than the regular settlement time of trade date plus three business days. Interest income is accrued based on the terms of the security on settlement date. Each Portfolio segregates assets with a current value at least equal to the amount of its when-issued purchase commitments. When-issued purchase commitments involve a risk of loss if the value of the security to be purchased declines prior to settlement date, or if the counterparty does not perform under the contract.
Other. In the normal course of business, the Fund enters into contracts that may include agreements to indemnify another party under given circumstances. The Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be, but have not yet been, made against the Fund. However, based on experience, the risk of material loss from such claims is considered to be remote.
2. Subsequent Events
Management has evaluated events and transactions subsequent to January 31, 2024 through the date the schedules of investments were filed with the Securities and Exchange Commission, and has determined that there were no material events that would require additional disclosure.
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