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SOURCE Nuance Investments
Recent ratings and growth illustrate Nuance's focus on generating investment returns for clients
KANSAS CITY, Mo., June 25, 2014 /PRNewswire/ -- Nuance Investments, the classic value investment firm led by Scott A. Moore, CFA, today announced a significant milestone – the Nuance Concentrated Value Fund – Institutional Class, which recently reached its three-year anniversary, earned a 5-Star Overall Morningstar Rating™ for the period ending May 31, 2014, derived from a weighted average, versus 1,085 funds in the Large Value category.
The Morningstar Ratings are a measure of the fund's risk-adjusted returns over the previous three-year time frame, relative to other funds in the same Morningstar category. The ratings range from 1 to 5 Stars, with the best performers (top 10%) receiving 5 Stars.
In addition to the ratings and as a result of the firm's recent growth and success, Nuance has hired industry veteran Chad Baumler, CFA, as portfolio manager. Baumler will support president and chief investment officer Scott A. Moore, CFA, as he manages the firm's various strategies. Baumler joins Nuance from American Century Investments, where he was co-portfolio manager of the American Century Value Fund and the American Century Market Neutral Value Fund.
"It's an honor have a fund rated so highly by Morningstar. More than anything, I believe it illustrates that we are delivering on our commitment to provide superior risk-adjusted returns for our investors," said Moore. "Perhaps even more exciting than the Morningstar rating is the fact that Chad Baumler has chosen to join our team. I had the honor of working with Chad at American Century and am thrilled at the chance to work with him again. His experience and insight in analyzing value fundamentals will make him a valuable addition to our team."
Baumler joins a rapidly growing firm, as Nuance Investments has amassed nearly $1 billion in assets since its 2008 inception. Fueling this growth has been the team's focus on delivering superior risk-adjusted returns for investors by using a consistent and disciplined value investing approach.
Nuance Investments is part of Montage Investments, a diverse group of institutional investment managers that together manage more than $24 billion for a wide range of investors. Montage supports Nuance's efforts through its team of 32 distribution professionals who are located throughout the country.
Gary P. Henson, CFA, CFP®, chief investment officer of Montage Investments, said, "Congratulations to Nuance on its 5 Star rating. It is an important milestone that will enhance Nuance's ability to continuously deliver for investors, long into the future."
About Nuance Investments
Nuance Investments is a value investment firm that was formed on the belief that the ability to outperform the broad stock market is predicated on a consistent and disciplined value investing approach. The Nuance team's focus seeks to generate investment returns for clients by diligently reviewing one company at a time on its own investment merits.
About Montage Investments
Montage Investments provides institutional-caliber investments to investors and the financial professionals who serve them. Through a family of independent asset managers, unified by deep market insight and fundamental research, Montage offers alternative investment solutions across the spectrum of asset classes and strategies that include mutual funds, closed-end funds and separate accounts. Collectively, Montage Investments managed $24 billion as of April 30, 2014.
You should consider the fund's investment objectives, risks, charges and expenses carefully before investing. For a statutory or summary prospectus, that contains this and other information about the Funds, call 1-855-NUANCE3 (855-682-6233) or visit our website at www.nuanceinvestments.com. Please read the prospectus carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. Investments in small and mid-capitalization companies involve additional risk such as limited liquidity and greater volatility than larger capitalization companies. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund.
Nuance Investments, LLC is majority owned by Montage Investments, LLC.
Nuance Investments is the advisor to the Nuance Concentrated Value Fund which is distributed by Quasar Distributors, LLC.
© 2014 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds' monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. The Nuance Concentrated Value Fund was rated against 1,085 funds in the last three years. With respect to these Large Value funds, the Nuance Concentrated Value Fund received a Morningstar Rating of 5 stars, for the three-year period. Past performance is no guarantee of future results.
The Morningstar Rating is for the institutional share class only. Other classes may have different performance characteristics.
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