Fund Evaluator:

Glenmede Equity Income Overview

Glenmede Equity Income (GEQIX) is an actively managed U.S. Equity Large Value fund. Glenmede launched the fund in 2016.

The investment seeks a high level of current income and long-term growth of capital consistent with reasonable risk to principal. The portfolio invests, under normal market circumstances, at least 80% of the value of its net assets in income-producing equity securities, such as common and preferred stocks. It primarily invests in U.S. large cap companies with market capitalizations, at the time of purchase, within the range of any stock in either the Russell 1000® Index or the S&P 900® Index, and that have a dividend yield above the S&P 500® Index at the time of purchase.

About Glenmede Equity Income (GEQIX)

There are 4 members of the management team with an average tenure of 0.04 years: Paul Sullivan (2026), Vladimir de Vassal (2026), Alexander Atanasiu (2026), Ruohao Chen (2026). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Glenmede Equity Income has 46 securities in its portfolio. The top 10 holdings constitute 33.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Glenmede Equity Income is part of the Equity global asset class and is within the U.S. Equity fund group. Glenmede Equity Income has 3.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.4%. There is 3.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Glenmede Equity Income has 0.6% of the portfolio in cash.

Assets Under Management

The fund has $13 million in total assets, which is below the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

GEQIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Glenmede Equity Income expense ratio is high compared to funds in the Large Value category. Glenmede Equity Income has an expense ratio of 0.85%, which is 8% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Glenmede Equity Income has a portfolio turnover rate of 11%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.

Recently, in the month of July 2026, Glenmede Equity Income returned 5.8%, which earned it a grade of A, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Glenmede Equity Income has a trailing yield of 1.35%, which is above the 1.20% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Glenmede Equity Income Grades

Year to date, the fund has returned 14.7%, 0.4 percentage points better than the category, which translates into a grade of C. The fund has returned 18.3% over the past year (grade of D), 11.9% over the past three years (grade of F) and 8.8% per year over the past five years (grade of F).

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