Nuance Mid Cap Value Fund Institutional CL · NASDAQ:NMVLX
Nuance Mid Cap Value Fund Institutional CL — Nuance Investments — Investor Presentation (2018)
14 slides from Nuance Mid Cap Value Fund Institutional CL's investor presentation, 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 • 2017 Review • 2018 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 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's Investment Team
Nuance’s Investment Team Portfolio Managers Scott Moore, CFA Scott.Moore@nuanceinvestments.com • Founder & Co-owner of Nuance Investments, LLC • 26+ years of investment analyst experience • 24+ years as a value investment analyst • 18+ years of portfolio management experience using a classic value a
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 Nuance Mid Cap Value Review
2017 Nuance Mid Cap Value Review Nuance Mid Cap Value November 3, 2008 - December 31, 2017 Since Since YTD 3 Years 5 Years 7 Years Inception Inception 2017 1 Year APR APR APR APR TR Nuance Mid Cap Value Composite (Gross) 16.18 16.18 13.37 16.73 15.55 17.62 343.05 Nuance Mid Cap Value Composite (Net)
Slide 7: 2017 Review: Since Inception Risk & Reward
2017 Nuance Mid Cap Value Review Nuance Mid Cap Value November 30, 2008 - December 31, 2017 Since Inception Since Inception Since Inception APR Standard Deviation (A) Sharpe Ratio (A) Nuance Mid Cap Value Composite (Gross) 18.57 13.47 1.37 Nuance Mid Cap Value Composite (Net) 17.74 13.50 1.30 Mornin
Slide 8: 2017 Review: Outperformance through 12/31/17
2017 Nuance Mid Cap Value Review Outperformance through 12/31/17 • Nuance Mid Cap Value up 15.42% vs Russell Mid-Cap Value Index up 13.31% for 2017.(2) • Since Inception (11/03/08), Nuance Mid Cap Value has returned 16.8% (annualized and net of fees) compared to the Russell Mid Cap Value Index annua
Slide 9: 2018 Nuance Mid Cap Value Outlook
2018 Nuance Mid Cap Value Outlook Investment Environment • Nuance Universe of roughly 250 companies (Nuance Master List) is largely overvalued • Valuations are expensive versus history • Leverage for industrial companies are high • Competitive transitions are accelerating Opportunities • Insurance C
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) Standard Deviation is a statistical measure that reflects a data set’s dispersion or deviation from it’s mean. (4) The Composite has been compared to various peer groups defined by investment style. The Composite is a mid capitalization value investment style. The
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