Nuance Mid Cap Value Fund Institutional CL · NASDAQ:NMVLX
Nuance Mid Cap Value Fund Institutional CL — Nuance Investments — Investor Presentation (January 2024)
14 slides from Nuance Mid Cap Value Fund Institutional CL's investor presentation, Jan 25, 2024
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 • 2023 Review • 2024 Outlook • Conclusion • Q&A © 2024 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 $6.2 billion in 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
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, 2023 Since Since 3 Year 5 Year 7 Year 10 Year 15 Year Inception Inception YTD 2023 1 Year APR APR APR APR APR APR TR Nuance Mid Cap Value Composite (Gross) 7.74 7.74 5.18 10.21 8.85 9.56 14.06 13.58 590.45 Nuance Mid Ca
Slide 7: Nuance Mid Cap Value Review
Nuance Mid Cap Value Review Nuance Mid Cap Value November 30, 2008 - December 31, 2023 Since Inception Since Inception Since Inception APR Standard Deviation (A) Sharpe Ratio (A) Nuance Mid Cap Value Composite (Gross) 14.11 13.79 0.96 Nuance Mid Cap Value Composite (Net) 13.31 13.81 0.90 Morningstar
Slide 8: 2023 Review
2023 Nuance Mid Cap Value Review Overall Performance through December 31, 2023 • Year to date, Nuance Mid Cap Value returned 7.01 percent (net of fees) versus the Russell Midcap® Value Index return of 12.71 percent. • Since Inception (11/03/08) on an annualized basis, Nuance Mid Cap Value has return
Slide 9: 2024 Outlook
2024 Nuance Mid Cap Value Outlook Investment Environment • Higher Risk (higher Beta) has now beaten Lower Risk (lower and mid-level beta) three of the last four years • Growth in favor over Value • Higher interest rates are creating potential opportunities • Capital spending peaks are beginning to c
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. © 2024 Nuance Investments, LLC www.nuanceinvestments.com Page 10 Page 10
Slide 11: Disclaimer and Notes
Disclaimer and Notes Not An Offer or Inducement This material has been prepared for informational purposes only and does not constitute investment advice, and should not be construed as a solicitation or offer for sale, or any invitation to offer to buy or subscribe for, any securities, nor should i
Slide 12: Disclaimer and Notes Continued
Disclaimer and Notes Continued com/research/signature. For Morningstar ratings of our separate accounts, please visit: https://nuanceinvestments.com/awards-mid-cap-value/. Lipper’s Fund Classifications have a prospectus-based methodology with diversified funds having an additional portfolio-based cl
Slide 13: GIPS Compliance Disclosures
GIPS® Compliance Disclosures Nuance Mid Cap Value Composite 3 Year 3 Year Benchmark Benchmark Number of 3 Year Annualized Annualized Annualized Gross Net of Return Return Composite Separate Total Composite % of Non- Standard Standard Standard of Fees Fees (RMV (MIDV Dispersion Accounts Assets Total
Slide 14: GIPS Compliance Disclosures Continued
GIPS® Compliance Disclosures Continued assets under management between $25-50 million, 0.75% for assets under management between $50-75 million, 0.70% for assets under management between $75-100 million, and 0.65% for assets greater than $100 million. Nuance reserves the right to modify fee structur
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