Morningstar

Nuance Concentrated Value Fund Investor Class NCAVX

Medalist Rating as of Aug 31, 2026 See Nuance Investments Investment Hub

Strategy

The investment seeks long-term capital appreciation. The fund invests primarily in equity securities of companies organized in the United States that the Adviser believes are high quality, though temporarily out of favor. It 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 U.S. companies organized or traded in the U.S. The fund may invest up to 25% of its assets in non-U.S. companies that are classified as “developed” by MSCI Inc. (“MSCI”). It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
NCVLX	Nuance Concentrated Value Fund Institutional Class	Institutional	Open			May 31, 2011	$34.80M	1.050%	High	$10,000	−$42.63M
NCAVX	Nuance Concentrated Value Fund Investor Class	Front Load	Open			Jul 31, 2012	$3.05M	1.300%	High	$2,500	−$3.15M

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