Nuance Mutual Funds
Nuance Investments has been managing portfolios for individuals and institutions using the same classic value investment process since first registering as an investment advisor in 2008. The Nuance Concentrated Value Fund opened May 31, 2011. The Nuance Mid Cap Value Fund opened December 31, 2013.
The Nuance Concentrated Value Fund invests primarily in equity securities of companies organized in the United States that the Adviser believes are high quality, though temporarily out of favor. The Fund typically invests in a portfolio of 15 to 35 companies of various market capitalizations and is considered an all-cap strategy. Although the Fund will invest primarily in the equity securities of U.S. companies, the Fund may invest up to 25% of its assets in equity securities of foreign companies in countries classified as “developed” by MSCI. The primary benchmark for the Fund is the Russell 3000 Value Index. Investors may also be interested in comparing the Fund to the S&P 500 Index.
The Nuance Mid Cap Value Fund seeks long-term capital appreciation primarily through investments in equity securities of companies organized in the United States that the investment team believes are high quality, though temporarily out of favor. The strategy typically invests in a portfolio of 50 to 90 companies with market capitalizations typically between the smallest and largest members of the Russell Mid Cap Index (defined using a trailing 12 month average of the smallest and largest members on a month to month basis). Although the strategy will invest primarily in the equity securities of U.S. companies, the strategy may invest up to 15% of its assets in equity securities of foreign companies in countries classified as “developed” by MSCI. The primary benchmark for the strategy is the Russell Midcap Value Index. Investors may also be interested in comparing to the S&P 500 Index.
For more information about purchasing shares please click the “How to Invest” link above or contact Shareholder Services at 1-855-Nuance3 (855-682-6233).
Mutual Fund News
The funds’ most recently filed annual proxy voting record report can be obtained here.
How to invest
Nuance has been managing portfolios for individuals and institutions using the same classic value investment philosophy since first registering as an investment advisor in 2008. If you would like to receive material describing our services, please contact us.
Nuance Investments, LLC
4900 Main Street, Suite 220
Kansas City, MO 64112
Telephone: (816) 743-7080
Fax: (816) 743-7099
Nuance Investments
You should consider the fund’s investment objectives, risks, charges and expenses carefully before investing. For a statutory or summary prospectus, that contains this and other information about the Funds, call 1-855-NUANCE3 (855-682-6233). Please read the prospectus carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. Investments in small and mid-capitalization companies involve additional risk such as limited liquidity and greater volatility than larger capitalization companies. Investments in foreign securities involve greater volatility and political, economic and currency risks, and differences in accounting methods. The Nuance Concentrated Value Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund.
The Primary Benchmark for the Nuance Concentrated Value Fund is the Russell 3000 Value Index. The Russell 3000 Value Index measures the performance of the 3,000 largest U.S. domiciled companies with lower price-to-book ratios and lower forecasted growth values. The secondary benchmark is the S&P 500 Index. The Primary Benchmark for the Nuance Mid Cap Value Fund is the Russell Midcap Value Index. The Russell Midcap Value Index measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap Index companies with lower price-to-book ratios and lower forecasted growth values. The secondary benchmark is the S&P 500 Index. Individuals cannot invest directly in any index. These indices are used for comparison purposes only, do not include the reinvestment of dividends, and are not meant to be indicative of a portfolio’s performance, asset composition, or volatility. The performance of the Fund may differ markedly from that of compared indices due to varying degrees of diversification and/or other facts.
Nuance utilizes MSCI to classify its international holdings. The country classification of a company is generally determined by the company’s country of incorporation and the primary listing of its securities. MSCI will classify a company in the country of incorporation if its securities have a primary listing in this country. In such cases where a company’s securities have a primary listing outside of the country of incorporation, an additional analysis is performed to determine the company’s country classification.
Nuance Investments is the advisor to the Nuance Mid Cap Value Fund and the Nuance Concentrated Value Fund which are distributed by Quasar Distributors, LLC.