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Trending ETFs

Nuance Concentrated Value Fund

mutual fund
NCAVX
Payout Change
Pending
Price as of:
$13.59 +0.15 +1.12%
primary theme
U.S. Mid-Cap Value Equity
share class
Investor (NCAVX) Instl (NCVLX)
NCAVX (Mutual Fund)

Nuance Concentrated Value Fund

Payout Change
Pending
Price as of:
$13.59 +0.15 +1.12%
primary theme
U.S. Mid-Cap Value Equity
share class
Investor (NCAVX) Instl (NCVLX)
NCAVX (Mutual Fund)

Nuance Concentrated Value Fund

Payout Change
Pending
Price as of:
$13.59 +0.15 +1.12%
primary theme
U.S. Mid-Cap Value Equity
share class
Investor (NCAVX) Instl (NCVLX)

Name

As of 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nuance Concentrated Value Fund

NCAVX | Fund

$13.59

$195 M

0.64%

$0.09

1.38%

Vitals

YTD Return

10.2%

1 yr return

15.7%

3 Yr Avg Return

5.4%

5 Yr Avg Return

5.7%

Net Assets

$195 M

Holdings in Top 10

66.9%

52 WEEK LOW AND HIGH

$13.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.38%

SALES FEES

Front Load 5.00%

Deferred Load N/A

TRADING FEES

Turnover 87.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nuance Concentrated Value Fund

NCAVX | Fund

$13.59

$195 M

0.64%

$0.09

1.38%

NCAVX - Profile

Distributions

  • YTD Total Return 10.2%
  • 3 Yr Annualized Total Return 5.4%
  • 5 Yr Annualized Total Return 5.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.21%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Nuance Concentrated Value Fund
  • Fund Family Name
    Nuance Investments
  • Inception Date
    May 31, 2011
  • Shares Outstanding
    1250538
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott Moore

Fund Description

The Fund invests primarily in equity securities of companies that Nuance Investments, LLC (the “Adviser”) believes are high quality, though temporarily out of favor. The Fund typically invests in a portfolio of 15 to 35 companies of various market capitalizations and is considered an all-cap strategy. Although the Fund will invest primarily in companies organized or traded in the U.S., the Fund may invest up to 25% of its assets in non-U.S. companies in countries that are classified as “developed” by MSCI Inc. (“MSCI”). Nuance utilizes FactSet's country assignments for individual companies. As of the date of this prospectus, the following countries were classified as “developed” by MSCI: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, United Kingdom, and the United States.
The Adviser selects securities for the Fund’s investment portfolio by using an extensive quantitative screening and fundamental research process that aims to identify leading businesses selling at a discount to fair value with the potential to generate above-average rates of returns over time. The Adviser seeks to identify companies across a range of industries and market sectors that have leading and sustainable market share positions, above-average financial strength, and are trading at a discount to the Adviser’s internal view of intrinsic value. The Adviser may sell an investment when it achieves or surpasses the Adviser’s proprietary view of intrinsic value or when a security’s competitive position or financial situation erodes beyond the Adviser’s expectations. The Fund’s annual portfolio turnover rate may be 100% or greater. From time to time, the Fund may focus its investments in securities of companies in the same economic sector.
The Fund is “non-diversified,” meaning that a relatively high percentage of its assets may be invested in a limited number of issuers of securities.
Read More

NCAVX - Performance

Return Ranking - Trailing

Period NCAVX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.2% 6.6% 39.2% 96.39%
1 Yr 15.7% 11.5% 48.7% 96.94%
3 Yr 5.4%* -0.1% 18.6% 85.35%
5 Yr 5.7%* 1.0% 18.8% 97.70%
10 Yr 7.2%* 1.8% 11.8% 86.69%

* Annualized

Return Ranking - Calendar

Period NCAVX Return Category Return Low Category Return High Rank in Category (%)
2023 7.8% -11.3% 33.3% 58.89%
2022 -16.4% -41.6% 2.3% 69.10%
2021 -6.6% -41.5% 44.9% 98.87%
2020 2.5% -29.0% 22.1% 39.54%
2019 18.2% -8.1% 31.2% 75.44%

Total Return Ranking - Trailing

Period NCAVX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.2% 6.6% 39.2% 96.39%
1 Yr 15.7% 11.5% 48.7% 96.94%
3 Yr 5.4%* -0.1% 18.6% 85.35%
5 Yr 5.7%* 1.0% 18.8% 97.70%
10 Yr 7.2%* 1.8% 11.8% 86.69%

* Annualized

Total Return Ranking - Calendar

Period NCAVX Return Category Return Low Category Return High Rank in Category (%)
2023 9.7% -1.7% 36.5% 80.56%
2022 -5.1% -35.0% 2.4% 22.47%
2021 9.5% 6.2% 48.3% 98.59%
2020 2.8% -22.9% 23.2% 49.57%
2019 27.3% -3.0% 35.7% 45.56%

NAV & Total Return History

NCAVX - Holdings

Concentration Analysis

NCAVX Category Low Category High NCAVX % Rank
Net Assets 195 M 991 K 28 B 77.56%
Number of Holdings 32 8 2308 96.68%
Net Assets in Top 10 124 M 349 K 5.52 B 61.77%
Weighting of Top 10 66.92% 4.6% 100.2% 1.11%

Top 10 Holdings

  1. DENTSPLY SIRONA Inc 9.72%
  2. Henkel AG Co KGaA 8.95%
  3. First American Government Obligations Fund 8.11%
  4. Clorox Co/The 7.68%
  5. QIAGEN NV 7.49%
  6. United Utilities Group PLC 7.01%
  7. 3M Co 5.65%
  8. Northern Trust Corp 4.54%
  9. Henry Schein Inc 4.29%
  10. Solventum Corp 3.49%

Asset Allocation

Weighting Return Low Return High NCAVX % Rank
Stocks 		97.62% 55.64% 103.53% 71.75%
Cash 		8.11% 0.00% 27.43% 4.16%
Preferred Stocks 		0.00% 0.00% 1.68% 29.92%
Other 		0.00% 0.00% 7.98% 53.74%
Convertible Bonds 		0.00% 0.00% 0.02% 25.07%
Bonds 		0.00% 0.00% 19.09% 27.98%

Stock Sector Breakdown

Weighting Return Low Return High NCAVX % Rank
Consumer Defense 		33.79% 0.00% 33.79% 0.28%
Healthcare 		32.47% 0.00% 32.47% 0.28%
Financial Services 		14.31% 0.00% 60.11% 86.35%
Utilities 		8.40% 0.00% 24.69% 23.96%
Real Estate 		6.53% 0.00% 40.74% 66.57%
Basic Materials 		2.89% 0.00% 23.88% 79.94%
Industrials 		1.61% 0.00% 29.02% 98.89%
Technology 		0.00% 0.00% 30.07% 99.16%
Energy 		0.00% 0.00% 29.17% 96.10%
Communication Services 		0.00% 0.00% 19.80% 89.97%
Consumer Cyclical 		0.00% 0.00% 29.62% 97.77%

Stock Geographic Breakdown

Weighting Return Low Return High NCAVX % Rank
US 		97.62% 55.64% 103.53% 59.28%
Non US 		0.00% 0.00% 33.85% 41.55%

NCAVX - Expenses

Operational Fees

NCAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.38% 0.06% 16.92% 23.33%
Management Fee 0.85% 0.00% 1.20% 87.81%
12b-1 Fee 0.25% 0.00% 1.00% 36.51%
Administrative Fee N/A 0.01% 0.40% 58.56%

Sales Fees

NCAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.00% 3.50% 5.75% 84.09%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

NCAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NCAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 87.00% 0.00% 227.00% 89.97%

NCAVX - Distributions

Dividend Yield Analysis

NCAVX Category Low Category High NCAVX % Rank
Dividend Yield 0.64% 0.00% 22.79% 53.33%

Dividend Distribution Analysis

NCAVX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annual

Net Income Ratio Analysis

NCAVX Category Low Category High NCAVX % Rank
Net Income Ratio 0.21% -1.84% 4.73% 82.96%

Capital Gain Distribution Analysis

NCAVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

NCAVX - Fund Manager Analysis

Managers

Scott Moore

Start Date

Tenure

Tenure Rank

May 31, 2011

11.01

11.0%

Scott Moore is the President and Co-Chief Investment Officer of Nuance and is a co-owner of the firm. He founded the firm in November, 2008 and is also the Lead Portfolio Manager for Nuance Concentrated Value and Nuance Mid Cap Value. Scott has more than 30 years of investment experience, more than 28 years of value investment analyst experience and more than 22 years of portfolio management experience using a classic value approach. For the decade before co-founding Nuance, Scott managed more than $10 billion in institutional, intermediary and mutual fund assets for American Century Investments (ACI). Prior to becoming a Portfolio Manager, he spent three years as an Investment Analyst at ACI, specializing in the telecommunications, utility and industrial sectors. He also worked as an Investment Analyst at Boatmen's Trust Company in St. Louis, Missouri, and at ACI as a Fixed Income Investment Analyst. Scott holds a Bachelor of Science (BS) in finance from Southern Illinois University, and a Master of Business Administration (MBA) with an emphasis in finance from the University of Missouri. He is a CFA ® charterholder. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Chad Baumler

Start Date

Tenure

Tenure Rank

Jun 30, 2014

7.92

7.9%

Chad Baumler is the Vice President and Co-Chief Investment Officer of Nuance and is a co-owner of the firm. Chad is the Co-Portfolio Manager for Nuance Concentrated Value and Nuance Mid Cap Value, and he is the lead Portfolio Manager on the Nuance Concentrated Value Long Short. Chad also focuses his analytical skills on the energy, financial and real estate sectors. He has over 14 years of investment analyst experience and 9 years of portfolio management experience using a classic value approach.ﾠ Before joining Nuance, Chad was a Portfolio Manager for American Century Investments (ACI) where he co-managed the American Century Value fund and the American Century Market Neutral Value Fund. Prior to becoming a Portfolio Manager at ACI, he spent six years as an Investment Analyst specializing in the energy and finance sectors. Chad also has experience working in the commercial real estate industry at CB Richard Ellis, Inc. in Kansas City, Missouri.ﾠ Chad graduated from the University of Northern Iowa with a Bachelor of Arts (BA) in finance. He has a Master of Business Administration (MBA) with a concentration in finance from the University of Texas, McCombs School of Business. He is a CFA ® charterholder and a member of the CFA institute.ﾠ CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Darren Schryer

Start Date

Tenure

Tenure Rank

Jan 31, 2020

2.33

2.3%

Darren is an Associate Portfolio Manager with Nuance. He also focuses his analytical skills on the healthcare, communication services, and information technology sectors. Before joining Nuance in 2016, Darren was a Managing Director and Portfolio Manager for the MBA Investment Fund at the University of Texas, McCombs School of Business. Darren also spent three years as a Financial Advisor with Bluestone Financial Advisors in Bethesda, Maryland. Prior to working for Bluestone, he was as an Audit & Tax Associate for the Reznick Group. Darren holds Bachelor of Science (BS) degrees in both Finance and Accounting from the University of Maryland and a Master of Business Administration (MBA) degree with a concentration in Investment Management from the University of Texas, McCombs School of Business. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.59 8.15 10.92

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