Investors should not consider any of the material to be a recommendation that they invest with Nuance. A decision to invest should be made carefully after consultation with your investment advisor. The decision should occur after an evaluation of the particular investment’s objectives in light of your personal situation, including your objectives, investment time horizon, and risk tolerance. Investments are subject to market and other risks. The amount realized from the sale of an investment may be less than the amount initially invested. Investing in securities involves a risk of loss that investors should be prepared to bear. Nuance defines risk in terms of the amount a stock can go down in value based on our internal analysis. Our team also reviews the overall portfolios risk levels over time by monitoring the standard deviation of the portfolios versus their peers and benchmarks and by looking at the risk-adjust return (as measured by Sharpe Ratio) of the portfolio versus peers and benchmarks. Nuance defines outperforming the market as measuring the Nuance product’s total returns versus the total returns of the product’s primary and secondary benchmarks. The Primary benchmark for the Nuance Concentrated Value Composite is the Russell 3000 Value Index. The secondary benchmark is the S&P 500 Index. The primary benchmark for the Nuance Mid Cap Value Composite is the Russell Midcap Value Index. The secondary benchmarks are the S&P MidCap 400 Value Index and the S&P 500 Index. Please see the fact sheets for more information regarding the products’ performance returns versus the stated benchmarks and disclosures. Past performance is not a guarantee of future results. For additional information about Nuance including fees, services provided, or to receive a copy of our Form ADV, please contact Client Services at client.services@nuanceinvestments.com Please read the disclosure statement carefully before you invest or send money.