Peer Statistics

Peer group comparisons are created internally on a quarterly basis using data from FactSet. Nuance pays a licensing fee to FactSet to access their platform and to use their data, including peer group rankings, in marketing materials. The Nuance Concentrated Value Composite is an all-capitalization value investment product and consists of separately managed accounts in the Nuance Concentrated Value strategy. For comparison purposes, subsets of the Morningstar Large Value Funds Peer Group, Morningstar Mid-Cap Value Funds Peer Group, Morningstar Large Blend Funds Peer Group, Morningstar Mid-Cap Blend Funds Peer Group, the Lipper Multi-Cap Value Funds Peer Group and the Lipper Multi-Cap Core Funds Peer Group have been presented as investment strategies with a similar investment style to the Nuance Concentrated Value Composite. The Nuance Mid Cap Value Composite is a mid-capitalization value investment product and consists of separately managed accounts in the Nuance Mid Cap Value strategy. For comparison purposes, subsets the Morningstar Mid-Cap Value Funds Peer Group, Morningstar Mid-Cap Blend Funds Peer Group, the Lipper Mid-Cap Value Funds Peer Group and the Lipper Mid-Cap Core Funds Peer Group have been presented as investment strategies with a similar investment style to the Nuance Mid Cap Value Composite. The peer groups consist of mutual funds within the stated category with performance history available from the Composites inception date. For peer group comparisons, all Returns, including those of the Composites were calculated by FactSet based upon strategies with monthly net return data from December 2008 to the displayed date. Prior to December 2020, Nuance utilized Zephyr and eVestment for peer group data.
Additional Information: Portfolio composition will vary over time and may change without notice. Over the product life, the Concentrated Value Separate Account Product has been classified by Morningstar in the following categories: Large Value and Mid-Cap Value. Over the product life, the Nuance Mid Cap Value Separate Account Product has been classified by Morningstar in the following categories: Mid-Cap Value. Lipper does not provide product level classifications. Current investment style and assigned peer groups may differ from the styles presented. Nuance utilizes fund peer groups due to the limited availability of separate account data. The Composites are compared to various fund peer groups as defined by investment style and are constructed in a manner that is similar to the guidelines and classifications of the third party category groups to which they are compared. However, fund category groups differ from separate account category groups. Morningstar Categories are based on the average holdings statistics over the past three years and are applied to both funds and separate accounts. Morningstar Style Box Methodology is based on growth versus value scores using historical measures of various portfolio components and weights. A complete description of Morningstar’s Category classifications and Style Box Methodology can be found at https://www.morningstar.com/research/signature. For Morningstar ratings of our separate accounts, please visit: https://nuanceinvestments.com/awards/. Lipper’s Fund Classifications have a prospectus-based methodology with diversified funds having an additional portfolio-based classification and are applied to open-ended funds but not to separate accounts. A complete description of Lipper’s fund classification methodology can be found at https://lipperalpha.refinitiv.com.
All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The information contained herein should not be construed as personalized investment advice and should not be considered as a solicitation to buy or sell any security or engage in a particular investment strategy. Investing involves risk, including the possible loss of principal.
Past Performance is not a guarantee of future results. Securities are subject to general market risks due to a variety of factors that affect the overall market. There is no guarantee that an investment with the strategy will meet its investment objectives, and it may underperform the market. Please see a copy of the Firm’s Disclosure Brochure for more information.