Nuance Mid Cap Value Fund Institutional CL · NASDAQ:NMVLX
Nuance Mid Cap Value Fund Institutional CL — Nuance Investments — Q4 2017 Earnings Presentation
11 slides from Nuance Mid Cap Value Fund Institutional CL's earnings presentation, 2018
Slide 1: Semi-Annual Call: Concentrated Value Long-Short
Value. Delivered. Nuance Investments, LLC Semi-Annual Call: Concentrated Value Long-Short Chad Baumler, CFA Vice President & Portfolio Manager
Slide 2: Agenda
Agenda • Firm Overview • Team Update • Process Summary • Performance • 2018 Outlook • Q&A © 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 it’s seed capital in 2008 of $30 million, the firm today manages approximately $2.0 billion in three strategies managed by our investment team. • Nuance’s
Slide 4: Nuance Investment Team
Nuance Investment Team Years of Experience Scott Moore 3 26 Chad Baumler 4 10 Investment Management Laurie Kirby 2 18 Other Professional Adam West 11 Darren Schryer 4 1 Ben Becker 2 Jack Meurer 0 5 10 15 20 25 30 Name Title Coverage Scott Moore, CFA CIO, Portfolio Manager Utilities, Telecom & Indust
Slide 5: Nuance Investment Philosophy
Nuance Investment Philosophy Investing Long Investing Short Competitive Position Leading and Stable Large and Average Earnings Power Under-earning Long-term Potential Over-earning Long-term Potential Valuation Attractive Risk/Reward Asymmetric Risk/Reward Goal Excess Returns over an Economic Cycle A
Slide 6: Performance Summary
Performance Summary Nuance Concentrated Value Long-Short Fund Average Total Returns (%) as of December 31, 2017 As of 12/31/2017 Since Gross Net Inception 1 YR YTD QTD Expense Expense Inception Date 12/31/15 Return Ratio Ratio Nuance Concentrated Value Long-Short 7.24 -2.05 -2.05 -1.71 3.34% 2.79% F
Slide 7: 2018 Outlook
2018 Outlook Net Equity Exposure • Net 18% short as of 12/31/2017 • Down from 82% net long as of 1/5/2016 and 10% net long as of 12/31/2016 • Variable net equity exposure aiming to capitalize on valuation opportunities in marketplace Long Investment Portfolio • 76% gross exposure as of 12/31/2017 •
Slide 8: Top 5 Holdings Long/Short
Top 5 Holdings Long/Short December 31, 2017 Top 5 Long Weight GICS Sector Top 5 Short Weight GICS Sector Procter & Gamble Corp. 6.97 Consumer Staples Home Depot Inc. -4.43 Consumer Disc. Diageo PLC Sp ADR 6.13 Consumer Staples Allstate Corp. -4.41 Financials Travelers Companies Inc. 4.02 Financials
Slide 9: Questions & Answers
Questions & Answers Please send any additional questions to Client.Services@nuanceinvestments.com © 2018 Nuance Investments · LLC www.nuanceinvestments.com Page 9
Slide 10: Disclaimer and Notes
Disclaimer and Notes Copyright You may not copy, reproduce, recompile, decompile, disassemble, reverse engineer, distribute, publish, display, perform, modify, upload to, create derivative works from, transmit or in any way exploit any part of this material, except that you may use for your own pers
Slide 11: GIPS Compliance Statement
GIPS Compliance Statement Compliance Statement Nuance claims compliance with the Global Investment Performance Standards (GIPS®). The firm maintains a complete list and description of composites, which is available upon request. More information regarding Composite descriptions and policies for valu