Nuance Mid Cap Value Fund Institutional CL · NASDAQ:NMVLX
Nuance Mid Cap Value Fund Institutional CL — Nuance Investments — Corporate Update (July 2018)
14 slides from Nuance Mid Cap Value Fund Institutional CL's corporate update, July 2018
Slide 1: Semi-Annual Call: Nuance Mid Cap Value
Value. Delivered. Nuance Investments, LLC Semi-Annual Call: Nuance Mid Cap Value Scott Moore, CFA President & Chief Investment Officer
Slide 2: Agenda
Agenda • Firm Overview • Team Update • Process Summary • 2018 Mid-Year Review • 2018 Mid-Year Outlook • Conclusion © 2018 Nuance Investments · LLC www.nuanceinvestments.com Page 2
Slide 3: Nuance Investments
Nuance Investments • Nuance Investments, LLC (Nuance) is a boutique classic value investment firm headquartered in Kansas City, Missouri. • From its seed capital in 2008 of $30 million, the firm today manages approximately $2.0 billion in three strategies managed by our investment team. • Nuance man
Slide 4: Nuance's Investment Team
Nuance’s Investment Team President & Chief Investment Officer Vice President & Portfolio Manager Scott Moore, CFA Chad Baumler, CFA Scott.Moore@nuanceinvestments.com Chad.Baumler@nuanceinvestments.com • Founder & Co-owner of Nuance Investments, LLC • Co-owner of Nuance Investments, LLC • 27+ years o
Slide 5: Nuance's Investment Philosophy & Process
Nuance’s Investment Philosophy & Process The Nuance team believes that investing in leading business franchises trading at a discount to fair value can generate excess returns over time Proprietary Proprietary Quantitative Competitive Financial Portfolio Valuation Screening Analysis Statement Constr
Slide 6: 2018 Mid-Year Review
2018 Nuance Mid Cap Value Mid-Year Review Nuance Mid Cap Value November 3, 2008 - June 30, 2018 Since Since YTD 3 Years 5 Years 7 Years Inception Inception 2018 1 Year APR APR APR APR TR Nuance Mid Cap Value Composite (Gross) (0.49) 8.07 11.33 13.48 14.18 16.58 340.88 Nuance Mid Cap Value Composite
Slide 7: 2018 Mid-Year Review: Risk & Reward
2018 Nuance Mid Cap Value Mid-Year Review Nuance Mid Cap Value November 30, 2008 - June 30, 2018 Since Inception Since Inception Since Inception APR Standard Deviation (A) Sharpe Ratio (A) Nuance Mid Cap Value Composite (Gross) 17.46 13.24 1.3 Nuance Mid Cap Value Composite (Net) 16.64 13.27 1.23 Mo
Slide 8: 2018 Mid-Year Review: Performance In-Line through 6/30/18
2018 Nuance Mid Cap Value Mid-Year Review Performance In-Line through 6/30/18 • Nuance Mid Cap Value down (0.86%) vs Russell Mid-Cap Value Index down (0.16%).(2) • Since Inception (11/03/08) on an annualized basis, Nuance Mid Cap Value has returned 15.8% (annualized and net of fees) compared to the
Slide 9: 2018 Mid-Year Outlook
2018 Nuance Mid Cap Value Mid-Year Outlook Opportunities • Insurance: Travelers (TRV) & Reinsurance Group of America (RGA) • Avoiding competitive transitions: Oil, Distributors, etc. • One-off stocks: Sanderson Farms (SAFM) & Dentsply (XRAY) Risks • Valuation • Narrowness of Performance • Leverage H
Slide 10: Why Nuance?
Why Nuance? • Consistent and Experienced Team • Consistent Time Tested Process • Consistent Performance both Absolute and Risk-Adjusted Value. Delivered. © 2018 Nuance Investments · LLC www.nuanceinvestments.com Page 10
Slide 11: Disclaimer and Notes
Disclaimer and Notes Not An Offer or Inducement Nuance Investments, LLC’s (Nuance or the Company) presentation book has been prepared for informational purposes only and does not constitute an offer or solicitation to sell shares or securities in the Company or any related or associated company. Any
Slide 12: Disclaimer and Notes Continued
Disclaimer and Notes Continued (3) The Composite has been compared to various peer groups defined by investment style. The Composite is a mid capitalization value investment style. The Morningstar Mid-Cap Value Peer Group and the Lipper Mid-Cap Value Funds Peer Group have been presented as investmen
Slide 13: GIPS Compliance Disclosures
GIPS Compliance Disclosures Nuance Mid Cap Value Composite 3 Year Number of Annualized 3 Year Separate Standard Annualized Gross Net of Benchmark Benchmark Composite Accounts Total Composite % of Non- Deviation Standard of Fees Fees Return Return Dispersion (End of Assets Total Firm Assets Fee Payin
Slide 14: GIPS Compliance Disclosures Continued
GIPS Compliance Disclosures Continued $100 million, and .65% for clients with assets greater than $100 million. Nuance reserves the right to modify fee structures on an account by account basis at its discretion. The firm does not currently assess any Performance Based Fees. From the inception of ea