Glenmede Converts International Equity and Options Funds Into ETFs

Glenmede Investment Management has filed to convert two mutual funds into ETFs: the Glenmede Disciplined International Equity Portfolio will become the Knollbrook Disciplined International Equity ETF, while the Glenmede Global Secured Options Portfolio will become the Knollbrook Global Secured Options ETF. The international equity ETF will use proprietary multi-factor models to select developed-market foreign stocks and ADRs based on valuation, profitability, earnings trends, and sustainability-related factors. The global secured options ETF will employ covered call and cash-secured put strategies on global equities, ETFs, and indexes to generate option income and reduce volatility while maintaining broad international market exposure.