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 above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Nuance Concentrated Value Fund (NCVLX) returned -3.72% year-to-date (YTD) and 2.50% over the past 12 months. Over the past 10 years, NCVLX returned 6.05% annually, underperforming the S&P 500 benchmark at 10.85%.
NCVLX
-3.72%
3.59%
-7.41%
2.50%
2.73%
6.09%
6.05%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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% | -5.98% | -3.07% | -1.97% | 3.59% | -3.72% | |||||||
| 2024 | -3.99% | -0.58% | 4.68% | -0.48% | 1.77% | -2.82% | 7.41% | 3.07% | 3.88% | -6.25% | 3.98% | -3.84% | 6.02% |
| 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% | -1.42% | -4.76% |
| 2021 | -0.60% | 1.08% | 3.88% | 4.38% | 0.62% | -0.74% | 0.68% | 0.43% | -2.88% | 1.46% | -4.06% | 5.63% | 9.86% |
| 2020 | -3.37% | -6.41% | -11.71% | 7.92% | 4.55% | -1.06% | 1.39% | 1.91% | -2.87% | 2.55% | 8.67% | 3.38% | 3.07% |
| 2019 | 7.07% | 1.67% | 2.02% | 4.17% | -3.30% | 4.35% | 0.98% | -2.36% | 3.20% | 0.62% | 5.00% | 1.83% | 27.77% |
| 2018 | 1.84% | -3.75% | 0.00% | 0.28% | -1.04% | -0.12% | 2.89% | 0.27% | 0.06% | -4.10% | 4.78% | -5.50% | -4.76% |
| 2017 | 0.85% | 2.80% | -0.97% | -0.21% | 0.14% | 1.73% | 0.34% | 0.07% | 2.19% | 1.26% | 2.23% | 0.20% | 11.08% |
| 2016 | -2.25% | -0.34% | 9.16% | 4.17% | 0.53% | -1.11% | 1.52% | 0.60% | 0.87% | -2.37% | 6.07% | 1.34% | 19.05% |
| 2015 | -3.39% | 4.94% | -0.57% | 4.37% | -0.22% | -1.01% | -2.46% | -2.52% | -3.84% | 6.47% | 0.31% | -3.76% | -2.35% |
| 2014 | -1.00% | 5.65% | 1.13% | 1.38% | -0.36% | 3.54% | -2.71% | 3.07% | -4.04% | 1.01% | 1.00% | -0.83% | 7.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NCVLX is 17, meaning it’s performing worse than 83% 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.
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Dividends
Dividend History
Nuance Concentrated Value Fund provided a 8.01% dividend yield over the last twelve months, with an annual payout of $0.95 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.95 | $0.91 | $0.23 | $1.61 | $2.39 | $0.10 | $1.16 | $1.65 | $1.03 | $0.14 | $0.68 | $1.07 |
Dividend yield | 8.01% | 7.34% | 1.81% | 13.91% | 17.21% | 0.64% | 7.98% | 13.45% | 7.02% | 0.96% | 5.66% | 8.21% |
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 | $0.08 | $0.00 | $0.00 | $0.08 | |||||||
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.71 | $0.91 |
| 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 | $1.54 | $1.61 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $2.28 | $2.39 |
| 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 | $1.07 | $1.16 |
| 2018 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $1.57 | $1.65 |
| 2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.96 | $1.03 |
| 2016 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.14 |
| 2015 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.55 | $0.68 |
| 2014 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $1.00 | $1.07 |
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.
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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 31.48%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current Nuance Concentrated Value Fund drawdown is 9.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.48% | Jan 21, 2020 | 44 | Mar 23, 2020 | 179 | Dec 4, 2020 | 223 |
| -19.58% | Oct 1, 2024 | 130 | Apr 8, 2025 | — | — | — |
| -18.7% | Sep 9, 2021 | 276 | Oct 12, 2022 | 125 | Apr 13, 2023 | 401 |
| -17.17% | Jun 24, 2015 | 145 | Jan 20, 2016 | 62 | Apr 19, 2016 | 207 |
| -16.13% | Jul 27, 2023 | 66 | Oct 27, 2023 | 131 | May 7, 2024 | 197 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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