Nuance Mid Cap Value Fund Institutional CL · NASDAQ:NMVLX
Nuance Mid Cap Value Fund Institutional CL — Nuance Investments — Investor Presentation (April 2022)
14 slides from Nuance Mid Cap Value Fund Institutional CL's investor presentation, April 2022
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 & Co-Chief Investment Officer
Slide 2: Agenda
Agenda • Firm Overview • Team Update • Process Summary • 2020 Review • 2021 Outlook • Conclusion • Q&A © 2020 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 has approximately $6.8 billion in three strategies managed by our investment team. Nuance is 100% emplo
Slide 4: Nuance's Investment Team
Nuance’s Investment Team President & Co-Chief Investment Officer Vice President & Co-Chief Investment Officer 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 30 y
Slide 5: Nuance's Investment Philosophy and Process
Nuance's Investment Philosophy and 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 Cons
Slide 6: Nuance Mid Cap Value Review
Nuance Mid Cap Value Review Nuance Mid Cap Value November 3, 2008 - December 31, 2020 Since Since 3 Years 5 Years 7 Years 10 Years Inception Inception YTD 2020 1 year APR APR APR APR APR TR Nuance Mid Cap Value Composite (Gross) 5.52 5.52 10.23 13.65 11.50 13.93 15.75 493.60 Nuance Mid Cap Value Com
Slide 7: Nuance Mid Cap Value Review Since Inception APR
Nuance Mid Cap Value Review Nuance Mid Cap Value November 30, 2008 - December 31, 2020 Since Inception Since Inception Since Inception APR Standard Deviation (A) Sharpe Ratio (A) Nuance Mid Cap Value Composite (Gross) 16.45 13.70 1.17 Nuance Mid Cap Value Composite (Net) 15.63 13.72 1.10 Morningstar
Slide 8: 2020 Review
2020 Nuance Mid Cap Value Review Overall Performance • Nuance Mid Cap Value was up 4.79 percent (net of fees) versus the Russell Midcap® Value Index up 4.96 percent in 2020. • Since Inception (11/03/08) on an annualized basis, Nuance Mid Cap Value has returned 14.94 percent (net of fees) compared to
Slide 9: 2021 Outlook
2021 Nuance Mid Cap Value Outlook Investment Environment • Nuance Universe of roughly 250 companies (Nuance Master List) is largely overvalued • Valuations continue to be expensive at 30x Price to Earnings, up from 28x a year ago • Leverage remains - Government & Corporate • Covid-19 is creating inv
Slide 10: Why Nuance?
Why Nuance? Consistent and Experienced Team Consistent Time Tested Process Goal is consistent Performance both Absolute and Risk-Adjusted Value. Delivered.
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 Cont.
Disclaimer and Notes Cont. Methodology can be found at https://morningstar.com. 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 or product com
Slide 13: GIPS Compliance Disclosures
GIPS Compliance Disclosures Nuance Mid Cap Value Composite 3 Year 3 Year Number of Annualized Annualized Gross Net of Benchmark Benchmark Composite Separate Total Composite % of Non-Fee Standard Standard of Fees Fees Return Return Dispersion Accounts Assets Total Firm Assets Paying Deviation Deviati
Slide 14: GIPS Compliance Disclosures Continued
GIPS Compliance Disclosures Continued that relationship. Nuance's annual advisory fee is 0.75% of the average daily net assets for the Nuance Mid Cap Value Fund. For the Nuance Mid Cap Value Fund, the net expense ratio is 1.19% and 0.94% of the average daily net assets attributable to the Investor C
Nuance Investments — Investor Presentation (April 2022) on 6ix