Glenmede Fund Inc.

02/26/2026 | Press release | Distributed by Public on 02/26/2026 05:04

Summary Prospectus by Investment Company (Form 497K)

The Glenmede Fund, Inc.
 
SMID Core Equity Portfolio (formerly, Women in Leadership U.S. Equity Portfolio)-Advisor Shares
 
 
 
 
 
Summary Prospectus-February 28, 2026
 
 
Ticker Symbol: GWILX
 
 
 
 
 
 
 
 
Before you invest, you may want to review the Portfolio's complete Prospectus, which contains more information about the Portfolio and its risks. You can find the Portfolio's complete Prospectus, reports to shareholders, and other information about the Portfolio online at http://www.glenmedeim.com/funds/fund-documents. You can also get this information at no cost by calling 1-800-442-8299 or by sending an e-mail request to [email protected]. The Portfolio's complete Prospectus and Statement of Additional Information, both dated February 28, 2026, are incorporated by reference into this Summary Prospectus.
 
 
 
 
Investment Objective
Long-term capital appreciation consistent with reasonable risk to principal.
Fees and Expenses of the Portfolio
This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Portfolio. You may pay brokerage commissions and other fees to financial intermediaries which are not reflected in the table and example below.
 
 
 
 
 
 
Advisor Shares
Annual Portfolio Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
 
 
Management Fees
 
 
0.55%
Other Expenses
(includes 0.20% shareholder servicing fees payable to Glenmede Trust)
 
 
0.82%
Total Annual Portfolio Operating Expenses1
 
 
1.37%
Fee Waivers and Expense Reimbursements2
 
 
(0.52)%
Net Expenses
 
 
0.85%
 
 
 
 
1
During the year-ended October 31, 2025, the Portfolio's Advisor Shares incurred non-recurring legal fees in connection with its strategy repositioning on September 2, 2025. As such, Total Annual Portfolio Operating Expenses shown in the table above may not correspond to the ratio of operating expenses to average net assets in the "Financial Highlights" section of this Prospectus.
2
Glenmede Investment Management LP (the "Advisor") has contractually agreed to waive its fees and/or reimburse expenses to the extent that the Portfolio's annual total operating expenses exceed 0.85% of the Portfolio's Advisor Shares' average daily net assets (excluding Acquired Fund fees and expenses, brokerage commissions, extraordinary items, interest and taxes). The Advisor has contractually agreed to these waivers and/or reimbursements until at least February 28, 2027 and may discontinue this arrangement at any time thereafter. This contractual fee waiver agreement may not be terminated before February 28, 2027 without the approval of The Glenmede Fund, Inc.'s (the "Fund") Board of Directors (the "Board").
Example
This Example is intended to help you compare the cost of investing in the Portfolio's Advisor Shares with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Portfolio for the time periods indicated and then hold or redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Portfolio's operating expenses remain the same, taking into account the fee waiver in the first year of each period. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
 
 
 
 
 
 
 
 
 
 
1 Year
 
 
3 Years
 
 
5 Years
 
 
10 Years
$87
 
 
$383
 
 
$700
 
 
$1,601
 
 
 
 
 
 
 
 
 
 
 
SMID Core Equity Portfolio (formerly, Women in Leadership U.S. Equity Portfolio)-Advisor Shares
 
 
 
 
 
Summary Prospectus-February 28, 2026
 
 
Ticker Symbol: GWILX
 
 
 
 
Portfolio Turnover
The Portfolio pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Portfolio shares are held in a taxable account. These costs, which are not reflected in annual portfolio operating expenses or in the Example, affect the Portfolio's performance. The Portfolio may actively trade portfolio securities to achieve its principal investment strategies. During the most recent fiscal year, the Portfolio's portfolio turnover rate was 132% of the average value of its portfolio. The Portfolio experienced a higher-than-normal portfolio turnover rate as a result of the Portfolio's repositioning on September 2, 2025. Refer to the "Performance Information" section for further details.
Principal Investment Strategies
Under normal market circumstances, the Portfolio invests at least 80% of the value of its net assets (including borrowings for investment purposes) in equity securities, such as common stocks and preferred stocks, of U.S. small and medium ("SMID") cap companies that Glenmede Investment Management LP (the "Advisor") believes are undervalued. SMID cap companies include companies with the market capitalizations, at the time of purchase, that are within the market capitalization range of the smallest stock in the Russell 2500 Index to the largest stock in the Russell Midcap Index. That capitalization range was $5.6 million to $101.7 billion as of December 31, 2025.
The Advisor uses a combination of quantitative and fundamental research to select securities. The Advisor uses a quantitative proprietary multi-factor computer model which identifies a list of attractive securities having revenue and earnings growth potential with reasonable valuations, then applies fundamental research to select which securities to buy and sell for this Portfolio.
Principal Investment Risks
All investments carry a certain amount of risk and the Portfolio cannot guarantee that it will achieve its investment objective. In addition, the strategies that the Advisor uses may fail to produce the intended result. Each risk summarized below is considered a "principal risk" of investing in the Portfolio, regardless of the order in which it appears. Different risks may be more significant at different times depending on market conditions and other factors. An investment in the Portfolio is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Therefore, you could lose money by investing in the Portfolio.
The Portfolio may be appropriate for you if you are investing for goals several years away and are comfortable with stock market risks. The Portfolio would not be appropriate for you if you are investing for short-term goals or are mainly seeking current income.
Market Risk: Stocks may decline over short or even extended periods of time. Equity markets tend to be cyclical: there are times when stock prices generally increase, and other times when they generally decrease. In addition, the Portfolio is subject to the additional risk that the particular types of stocks held by the Portfolio may underperform other types of securities. Market risks, including political, regulatory, market, economic and social developments, and developments that impact specific economic sectors, industries or segments of the market, can affect the value of the Portfolio's investments. Natural disasters, climate change, public health emergencies (including pandemics and epidemics), war, military conflict, terrorism, tariffs, cybersecurity incidents and other unforeseeable global events may lead to instability in world economies and markets, may lead to market volatility, and may have adverse long-term effects. The Portfolio cannot predict the effects of such unforeseeable events in the future on the economy, the markets or the Portfolio's investments.
Value Style Risk: Although the Portfolio invests in stocks the Advisor believes to be undervalued, there is no guarantee that the prices of these stocks will not move even lower. In addition, the value investment style can shift into and out of favor with investors, depending on market and economic conditions. As a result, the Portfolio may at times outperform or underperform other funds that invest more broadly or employ a different investment style.
 
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SMID Core Equity Portfolio (formerly, Women in Leadership U.S. Equity Portfolio)-Advisor Shares
 
 
 
 
 
Summary Prospectus-February 28, 2026
 
 
Ticker Symbol: GWILX
 
 
 
 
Small Cap Risk: The Portfolio is subject to the risk that the stocks of smaller and newer issuers can be more volatile and more speculative than the stocks of larger issuers. Smaller companies tend to have limited resources, product lines and market share. As a result, their share prices tend to fluctuate more than those of larger companies. Their shares may also trade less frequently and in limited volume, making them potentially less liquid. The price of small company stocks might fall regardless of trends in the broader market.
Mid Cap Risk: The Portfolio is subject to the risk that the stocks of mid cap companies can be more volatile and riskier than the stocks of larger issuers. Mid cap companies tend to have more limited resources, product lines and market share than larger, more established businesses. As a result, their share prices tend to fluctuate more than those of larger companies. Their shares may also trade less frequently and in limited volume, making them potentially less liquid. The price of mid cap company stocks might fall regardless of trends in the broader market.
Frequent Trading Risk: A high rate of portfolio turnover involves correspondingly high transaction costs, which may adversely affect the Portfolio's performance over time High portfolio turnover may also result in the realization of short-term capital gains. Distributions derived from such gains will be treated as ordinary income for Federal income tax purposes.
Performance Information
The bar chart and table below provide some indication of the risks of investing in the Portfolio. The bar chart shows how the performance of the Portfolio's Advisor Shares has varied from year to year. The table shows how the average annual total returns for one year, five years and ten years of the Portfolio's Advisor Shares compare to those of selected market indices.
Effective September 2, 2025, the Portfolio underwent a change to its investment objective and principal investment strategy (the "Repositioning"). In connection with the Repositioning, the Portfolio was repositioned to invest in undervalued equity securities, such as common stocks and preferred stocks, of U.S. SMID cap companies. Accordingly, the performance of the Portfolio shown prior to September 2, 2025 reflects the Portfolio's prior principal investment strategy and objective; the Portfolio's performance would have differed if the Portfolio's current principal investment strategy and objective had been in place.
The Portfolio's past performance, before and after taxes, does not necessarily indicate how it will perform in the future. Performance reflects expense reimbursements and/or fee waivers in effect. If such expense reimbursements or fee waivers were not in place, the Portfolio's performance would be reduced. Updated performance information is available by visiting www.glenmedeim.com or by calling 1-800-442-8299.

 
During the periods shown in the bar chart, the highest quarterly return was 20.58% (for the quarter ended June 30, 2020) and the lowest quarterly return was −27.56% (for the quarter ended March 31, 2020).
 
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SMID Core Equity Portfolio (formerly, Women in Leadership U.S. Equity Portfolio)-Advisor Shares
 
 
 
 
 
Summary Prospectus-February 28, 2026
 
 
Ticker Symbol: GWILX
 
 
 
 
After-tax returns for the Portfolio are calculated using the historical highest individual Federal marginal income tax rates, and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their Portfolio shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts ("IRAs").
Average Annual Total Returns (for the periods ended December 31, 2025)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Past 1
Year
 
 
Past 5
Years
 
 
Past 10
Years
 
 
Return Before Taxes
 
 
8.89%
 
 
9.74%
 
 
10.81%
 
 
Return After Taxes on Distributions
 
 
−4.85%
 
 
4.83%
 
 
8.07%
 
 
Return After Taxes on Distributions and Sale of Fund Shares1
 
 
13.18%
 
 
7.21%
 
 
8.60%
 
 
Russell 3000® Index2(reflects no deduction for fees, expenses or taxes)
 
 
17.15%
 
 
13.15%
 
 
14.29%
 
 
Russell 1000® Index2 (reflects no deduction for fees, expenses or taxes)
 
 
17.37%
 
 
13.59%
 
 
14.59%
 
 
Russell 2500® Index3 (reflects no deduction for fees, expenses or taxes)
 
 
11.91%
 
 
7.26%
 
 
10.40%
 
 
Morningstar Large Value Average3
 
 
14.97%
 
 
11.69%
 
 
10.49%
 
 
 
 
 
 
 
 
 
 
 
 
 
1
In certain cases, the Return After Taxes on Distribution and Sale of Fund Shares for a period may be higher than other return figures for the same period. This will occur when a capital loss is realized upon the sale of fund shares and provides an assumed tax benefit that increases the return.
2
Effective September 2, 2025, due to the Repositioning, the Portfolio's primary broad-based index changed from the Russell 1000 Index to the Russell 3000 Index.
3
Effective September 2, 2025, due to the Repositioning, the Portfolio's performance measurement index changed from the Morningstar Large Cap Value Average to the Russell 2500 Index. The Russell 2500 Index is provided so that investors may compare the performance of the Portfolio with an index composed of securities similar to those held by the Portfolio.
Investment Adviser
Glenmede Investment Management LP serves as investment advisor to the Portfolio.
Portfolio Managers
Jordan Irving, Portfolio Manager, and Matthew Shannon, CFA, Portfolio Manager, of the Advisor, have managed the Portfolio since September 2025.
Tax Information
The Portfolio's distributions are taxable and will generally be taxed as ordinary income or capital gains, unless you are purchasing through a tax-deferred arrangement, such as a 401(k) plan or IRA. Such tax-deferred arrangements may be taxed later upon withdrawal of monies from those arrangements.
Purchase and Sale of Portfolio Shares
There are no minimum initial or subsequent investment requirements for the Portfolio. The Glenmede Trust Company, N.A. ("Glenmede Trust") has informed the Fund that it and its affiliated companies' ("Affiliates") minimum initial investment requirements for their clients' investments in the Portfolio is $1,000, which may be reduced or waived from time to time. Approved brokers and other institutions that purchase shares on behalf of their clients may have their own minimum initial and subsequent investment requirements. You may redeem shares at any time by contacting Glenmede Trust by telephone or facsimile or contacting the institution through which you purchased your shares.
 
4
 
 
SMID Core Equity Portfolio (formerly, Women in Leadership U.S. Equity Portfolio)-Advisor Shares
 
 
 
 
 
Summary Prospectus-February 28, 2026
 
 
Ticker Symbol: GWILX
 
 
 
 
Financial Intermediary Compensation
If you purchase shares of the Portfolio through a broker-dealer or other financial intermediary (such as a bank), the Portfolio and its related companies may pay the intermediary for the sale of Portfolio shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Portfolio over another investment. Ask your salesperson or visit your financial intermediary's Web site for more information.
GWILXSUMMPROS
 
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Glenmede Fund Inc. published this content on February 26, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on February 26, 2026 at 11:04 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]