Glenmede to Convert Two Mutual Funds Into Knollbrook ETFs in January

Glenmede Investment Management plans to convert two mutual funds into ETFs on January 8, 2027, expanding its Knollbrook ETF lineup. The Disciplined International Equity Portfolio will become the Knollbrook Disciplined International Equity ETF, while the Global Secured Options Portfolio will transition into the Knollbrook Global Secured Options ETF. Both reorganizations were unanimously approved by the Glenmede Fund's Board of Directors on September 9, 2026. The new ETFs will retain their predecessors' investment objectives, strategies, and fundamental policies while offering lower net expenses, potential tax efficiencies, intraday trading, and daily holdings transparency. The conversions are expected to be tax-free, with eligible shareholders receiving ETF shares of equivalent value. Investors must hold their shares in ETF-compatible brokerage accounts to participate; otherwise, their holdings will be liquidated for cash.