Nuance Mid Cap Value Fund Institutional CL · NASDAQ:NMVLX
Nuance Mid Cap Value Fund Institutional CL — Nuance Investments — Investor Presentation (July 2017)
14 slides from Nuance Mid Cap Value Fund Institutional CL's investor presentation, July 2017
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 • 2017 Mid-Year Review • 2017 Mid-Year Outlook • Conclusion © 2017 Nuance Investments · LLC www.nuanceinvestments.com Page 2
Slide 3: Nuance Investments
Nuance Investments • Nuance Investments, LLC (Nuance) is a boutique classic value firm headquartered in Kansas City, MO with approximately $1.7 billion in assets1. • Nuance was founded in 2008 with the belief that focusing on future return potential is actually more important than attractive histori
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 Experience Experience • 26+ years of investment analyst experience • 10 years of investment analyst
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: 2017 Mid-Year Review
2017 Nuance Mid Cap Value Mid-Year Review Nuance Mid Cap Value November 3, 2008 - June 30, 2017 Since Since 3 Years 5 Years 7 Years Inception Inception YTD 2017 1 Year APR APR APR APR TR Nuance Mid Cap Value Composite (Gross) 6.98 21.04 9.92 17.53 17.44 17.61 307.98 Nuance Mid Cap Value Composite (N
Slide 7: 2017 Mid-Year Review: Risk & Reward
2017 Nuance Mid Cap Value Mid-Year Review Nuance Mid Cap Value November 30, 2008 - June 30, 2017 Since Inception Since Inception Since Inception APR Standard Deviation (A) Sharpe Ratio (A) Nuance Mid Cap Value Composite (Gross) 17.6 14.0 1.3 Nuance Mid Cap Value Composite (Net) 16.8 14.0 1.2 Morning
Slide 8: 2017 Mid-Year Review: Outperformance
2017 Nuance Mid Cap Value Mid-Year Review Outperformance through 6/30/17 • Nuance Mid Cap Value up 6.65% vs Russell Mid-Cap Value Index up 5.17% • Since Inception (11/3/08), Nuance Mid Cap Value has returned 16.8% (annualized and net of fees) compared to the Russell Mid Cap Value Index annualized re
Slide 9: 2017 Mid-Year Outlook
2017 Nuance Mid Cap Value Mid-Year Outlook Nuance Universe • Internally researched and approved list of 250 companies now largely overvalued • Universe is trading at 23x our mid-cycle internal EPS estimates • Significant changes from earlier in year where there were one-off pockets of opportunity Pa
Slide 10: Why Nuance?
Why Nuance? • Consistent and Experienced Team • Consistent Time Tested Process • Consistent Performance both Absolute and Risk-Adjusted Value. Delivered. © 2017 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 than the style benchmark for the three latest three-year rolling periods. After that we select only the products which standard deviation for the five year period is equal or less than the median standard deviation for the peer group. The top ten returns for the latest
Slide 13: GIPS Compliance Disclosures
GIPS Compliance Disclosures 3 Year Nuance Mid Cap Value Composite 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
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