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Awards | Nuance Concentrated Value

Morningstar Ratings
CategoryOverall Rating1
Nuance Concentrated Value Separate AccountMid-Cap Value3
1Out of 138 separate accounts, as of 12/31/2023

The top 10% of separate accounts in a category receive 5 stars, the next 22.5% receive 4 stars.

Nuance pays a licensing fee for the right to use and display third party rankings and awards. Nuance does not pay for participation or inclusion in third party rankings. The ratings are not representative of any one client’s experience and are not indicative of Nuance’s future performance.

The Morningstar RatingTM for funds, or “star rating”, is calculated for separate accounts with at least a three-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Notes: Morningstar uses gross-of-fee performance (before fees have been taken out) to compare separate accounts. Morningstar does not calculate ratings for categories or time periods that contain fewer than five separate accounts. To ensure that ratings are fairly assigned, Morningstar will calculate ratings for only those firms that report performance for “composites” of similarly managed portfolios according to the guidelines of the CFA Institute’s Global Investment Performance Standards (GIPS®).

© 2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Rating DateMorningstar CategoryOverall Morningstar Rating™Separate Accounts in Category
Q1 2012Large Value5445
Q2 2012Large Value5469
Q3 2012Large Value5462
Q4 2012Large Value5451
Q1 2013Large Value5407
Q2 2013Large Value4405
Q3 2013Large Value5374
Q4 2013Large Value5399
Q1 2014Large Value5396
Q2 2014Large Value5389
Q3 2014Large Value4396
Q4 2014Mid-Cap Value4116
Q1 2015Mid-Cap Value4122
Q2 2015Mid-Cap Value4124
Q3 2015Mid-Cap Value4125
Q4 2015Mid-Cap Value4130
Q1 2016Mid-Cap Value5123
Q2 2016Mid-Cap Value5118
Q3 2016Mid-Cap Value3128
Q4 2016Mid-Cap Value3127
Q1 2017Mid-Cap Value3131
Q2 2017Mid-Cap Value3128
Q3 2017Mid-Cap Value3130
Q4 2017Mid-Cap Value3127
Q1 2018Mid-Cap Value3123
Q2 2018Mid-Cap Value3121
Q3 2018Mid-Cap Value3431
Q4 2018Large Value5434
Q1 2019Large Value4454
Q2 2019Large Value5450
Q3 2019Large Value5464
Q4 2019Large Value5472
Q1 2020Large Value5452
Q2 2020Large Value5458
Q3 2020Large Value5447
Q4 2020Large Value5446
Q1 2021Large Value4467
Q2 2021Large Value4470
Q3 2021Large Value4468
Q4 2021Large Value3468
Q1 2022Large Value3473
Q2 2022Mid-Cap Value5120
Q3 2022Mid-Cap Value4128
Q4 2022Mid-Cap Value4125
Q1 2023Mid-Cap Value4133
Q2 2023Mid-Cap Value4135
Q3 2023Mid-Cap Value3135
Q4 2023Mid-Cap Value3138

PSN Top Guns

Most Recent Award

Past awards

Nuance Concentrated Value Compositeᅠ
Manager of the Decade -ᅠ
All Cap Value Universe

12/31/2020
12/31/2019
12/31/2018

Nuance Concentrated Value Composite
PSN Top Gun Rating –
All Cap Value Universe

4 Star Category 12/31/2013
5 Star Category 12/31/2013
6 Star Category 12/31/2013
4 Star Category 06/30/2014
5 Star Category 03/31/2015
6 Star Category 03/31/2015
5 Star Category 06/30/2015
6 Star Category 06/30/2015
5 Star Category 09/30/2015
6 Star Category 09/30/2015
5 Star Category 03/31/2016
6 Star Category 03/31/2016
4 Star Category 06/30/2016
4 Star Category 03/31/2020
5 Star Category 03/31/2020
6 Star Category 03/31/2020
5 Star Category 12/31/2020

Nuance Concentrated Value Composite
PSN Bull & Bear Masters –
All Cap Value Universe

12/31/2013

 

Nuance pays a licensing fee for the right to use and display third party rankings and awards. Nuance does not pay for participation or inclusion in third party rankings. The ratings are not representative of any one client’s experience and are not indicative of Nuance’s future performance.

PSN Top Guns ranks products in six proprietary categories in over 50 universes. Top Gun firms are awarded a rating ranging from one to six stars, with the number of stars representing specified performance timeframes and criteria. Criteria descriptions for all categories are provided below. Nuance may receive PSN Top Gun awards across various categories and universes. The awards displayed are unique to the 4 Star, 5 Star and 6 Star Categories in the Mid Cap Value universe for the Nuance Mid Cap Value product and the All Cap Universe for the Nuance Concentrated Value Product. For a full list of awards across all star ratings in all universes and categories, please contact Nuance Investments at 816-743-7080 or
client.services@nuanceinvestments.com

The peer groups were created using the information collected through the PSN investment manager questionnaire and uses only gross of fee returns. PSN Top Guns investment managers must claim that they are GIPs compliant. 1 STAR CATEGORY:ᅠ Top ten performers for the specified quarter. 2 STAR CATEGORY: Top ten performers for the specified one year period. 3 STAR CATEGORY: Top ten performers for the specified three year period. 4 STAR CATEGORY: ᅠProducts must have an R-Squared of 0.80 or greater relative to the style benchmark for the recent five year period. In addition, products must have returns greater than the style benchmark for the three latest three-year rolling periods. Winners are the top ten returns for the latest three-year period. ᅠ5 STAR CATEGORY: Includes products that passed the 4 Star criteria. In addition, products must have a standard deviation for the five year period equal or less than the median standard deviation for the peer group. Winners are the top ten returns for the latest three-year period. 6 STAR CATEGORY: Includes products that passed the 5 Star criteria. Winners are the ᅠtop ten information ratios for the latest five-year period.

Bull & Bear Masters: The peer groups were created using the information collected through the PSN investment manager questionnaire and uses only gross of fee returns. Products must have an R-Squared of 0.80 or greater relative to the style benchmark for the recent three year period. Moreover, products must have an Upside Market Capture ratio of 100 or more, and Downside Market Capture ratio of 100 or less relative to the style benchmark. The top ten Ratios between Upside Market Capture Ratio and Downside Capture Ratio became the PSN Bull & Bear Masters products.

Manager of the Decade Criteria: The PSN universes were created using the information collected through the PSN investment manager questionnaire and use only gross of fee returns. PSN Top Guns investment managers must claim that they are GIPS compliant. Mutual fund and commingled fund products are not included in the universe. Products must have an R-Squared of 0.80 or greater relative to the style benchmark for the latest ten year period. Moreover, products must have returns greater than the style benchmark for the latest ten year period and also Standard Deviation less than the style benchmark for the latest ten year period. At this point, the top ten performers for the latest 10 year period become the PSN Top Guns of the Decade.

The content of the Investment Manager Top Guns is intended for use by qualified investment professionals. Please consult with an investment professional before making any investment using content or implied content from any Investment Manager Top Guns.

All Rights Reserved. The Investment Manager Top Guns is powered by PSN. PSN is an investment manager database and is a division of Informa Investment Solutions. No part of this Investment Manager Top Guns may be reproduced in any form or by any means, electronic, mechanical, photocopying, or otherwise without the prior written permission of Informa Investment Solutions.

Because of the possibility of human or mechanical error by Informa Investment Solutions (IIS) sources or others, IIS does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. THERE ARE NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall IIS be liable for any indirect, special or consequential damages in connection with use of any information or derived using information based on any Investment Manager Top Guns results.

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, including our historical performance records, please contact us.

Nuance Investments, LLC
4900 Main Street, Suite 220
Kansas City, MO 64112
Telephone: (816) 743-7080
Fax: (913) 387-2729

How to invest

Nuance Investments, LLC • 4900 Main Street, Suite 220, Kansas City, MO 64112​

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