Nuance Concentrated Value Fund (NCVLX)
The fund invests primarily in common stocks 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 the common stocks of U.S. companies, the fund may invest up to 25% of its assets in ADRs or common stocks of foreign companies that are classified as "developed" by MSCI Inc. It is non-diversified.
Fund Info
US56166Y2063
56166Y206
May 31, 2011
$10,000
Large-Cap
Value
Expense Ratio
NCVLX has a high expense ratio of 1.04%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nuance Concentrated Value Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Nuance Concentrated Value Fund had a return of 0.73% year-to-date (YTD) and 5.91% in the last 12 months. Over the past 10 years, Nuance Concentrated Value Fund had an annualized return of 0.58%, while the S&P 500 had an annualized return of 11.31%, indicating that Nuance Concentrated Value Fund did not perform as well as the benchmark.
NCVLX
0.73%
0.08%
-4.64%
5.91%
-1.71%
0.58%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of NCVLX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.04% | 0.73% | |||||||||||
| 2024 | -3.99% | -0.58% | 4.68% | -0.48% | 1.77% | -2.82% | 7.41% | 3.07% | 3.88% | -6.25% | 3.98% | -8.67% | 0.69% |
| 2023 | 4.74% | -0.66% | 0.82% | 5.03% | -5.66% | 4.91% | 0.96% | -5.08% | -7.19% | -2.45% | 8.36% | 7.28% | 10.00% |
| 2022 | -0.86% | 1.31% | -0.29% | -2.95% | 1.48% | -5.76% | 1.09% | -4.15% | -7.21% | 8.49% | 6.55% | -13.04% | -15.99% |
| 2021 | -0.61% | 1.08% | 3.88% | 4.38% | 0.62% | -0.74% | 0.68% | 0.43% | -2.88% | 1.46% | -4.06% | -9.54% | -5.92% |
| 2020 | -3.37% | -6.41% | -11.71% | 7.92% | 4.55% | -1.06% | 1.39% | 1.91% | -2.87% | 2.55% | 8.67% | 3.39% | 3.08% |
| 2019 | 7.07% | 1.67% | 2.02% | 4.17% | -3.30% | 4.35% | 0.98% | -2.36% | 3.20% | 0.62% | 5.00% | -4.74% | 19.54% |
| 2018 | 1.84% | -3.75% | 0.00% | 0.28% | -1.04% | -0.12% | 2.89% | 0.27% | 0.06% | -4.10% | 4.78% | -15.87% | -15.21% |
| 2017 | 0.85% | 2.80% | -0.97% | -0.21% | 0.14% | 1.73% | 0.34% | 0.07% | 2.19% | 1.26% | 2.23% | -5.88% | 4.34% |
| 2016 | -2.25% | -0.34% | 9.16% | 4.17% | 0.53% | -1.11% | 1.52% | 0.60% | 0.87% | -2.37% | 6.07% | 1.23% | 18.93% |
| 2015 | -3.39% | 4.94% | -0.57% | 4.36% | -0.22% | -1.00% | -2.46% | -2.52% | -3.85% | 6.46% | 0.31% | -7.57% | -6.21% |
| 2014 | -1.00% | 5.65% | 1.13% | 1.38% | -0.36% | 3.54% | -2.71% | 3.07% | -4.04% | 1.01% | 1.00% | -7.49% | 0.49% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NCVLX is 15, meaning it’s performing worse than 85% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuance Concentrated Value Fund (NCVLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nuance Concentrated Value Fund provided a 1.91% dividend yield over the last twelve months, with an annual payout of $0.24 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.24 | $0.23 | $0.07 | $0.13 | $0.10 | $0.17 | $0.16 | $0.08 | $0.12 | $0.19 | $0.12 |
Dividend yield | 1.91% | 1.92% | 1.81% | 0.63% | 0.91% | 0.64% | 1.13% | 1.28% | 0.57% | 0.86% | 1.59% | 0.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuance Concentrated Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.24 |
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.23 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.07 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.02 | $0.13 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.10 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.17 |
| 2018 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.08 | $0.16 |
| 2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.08 |
| 2016 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.01 | $0.12 |
| 2015 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.19 |
| 2014 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Nuance Concentrated Value Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nuance Concentrated Value Fund was 34.68%, occurring on Mar 23, 2020. Recovery took 223 trading sessions.
The current Nuance Concentrated Value Fund drawdown is 21.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.68% | Dec 18, 2019 | 65 | Mar 23, 2020 | 223 | Feb 9, 2021 | 288 |
| -34.36% | Sep 9, 2021 | 538 | Oct 27, 2023 | — | — | — |
| -23.85% | Dec 20, 2017 | 254 | Dec 24, 2018 | 233 | Nov 26, 2019 | 487 |
| -23.28% | Jul 7, 2014 | 389 | Jan 20, 2016 | 220 | Dec 1, 2016 | 609 |
| -15.88% | Jul 8, 2011 | 61 | Oct 3, 2011 | 78 | Jan 25, 2012 | 139 |
Volatility
Volatility Chart
The current Nuance Concentrated Value Fund volatility is 4.54%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.