Nuance Mutual Funds
Nuance Concentrated Value Long-Short Fund
Based upon a recommendation by Nuance Investments, LLC, the Board of Trustees of Managed Portfolio Series has approved a plan of liquidation for the Nuance Concentrated Value Long-Short Fund, a series of the Trust, pursuant to which the Fund will be liquidated on or around July 31, 2024. In anticipation of the Liquidation, effective as of the close of trading on the New York Stock Exchange on May 31, 2024, the Fund is closed to new investments. Please see the prospectus for additional information. To obtain most recent performance information, please contact Nuance Investments Client Services at 816-743-7080 or client.services@nuanceinvestments.com.
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 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.ﾠ Short sale of securities involves unlimited risk including the possibility that losses may exceed the original amount invested. However, a mutual fund investor’s risk is limited to one’s amount of investment in a mutual fund.
The Primary Benchmark for the Nuance Concentrated Value Long/Short Fund is the S&P 500 Index. The S&P 500 Index is a market-value weighted index representing the performance of 500 widely held publicly traded large-capitalization stocks. Individuals cannot invest directly in any index. These indices are used for comparison purposes only 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. Return calculations for the Fund are provided by US Bank. Returns for periods greater than a year have been annualized.
Morningstar Long-Short Equity-The Fund has been compared to various peer groups defined by investment style. The Fund is an all market capitalization value investment style. The Morningstar Long/Short Equity Peer Group (as selected by Morningstar) has been presented as an investment strategy with a similar investment style.
Nuance Investments is the advisor to the Nuance Concentrated Value Long-Short Fund which is distributed by Quasar Distributors, LLC.