Nuance Mid Cap Value Fund (NMAVX)
Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities issued by mid-capitalization companies. It typically invests in a portfolio of 50 to 90 companies. Although the fund will invest primarily in U.S. companies, it may invest up to 15% of its assets in non-U.S. companies that are classified as developed by MSCI, Inc. (MSCI).
Fund Info
| ISIN | US56166Y4952 |
|---|---|
| CUSIP | 56166Y495 |
| Issuer | Nuance Investments |
| Inception Date | Dec 31, 2013 |
| Category | Mid Cap Value Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Value |
Expense Ratio
NMAVX has a high expense ratio of 1.22%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nuance Mid Cap 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 Mid Cap Value Fund had a return of 5.64% year-to-date (YTD) and 19.27% in the last 12 months. Over the past 10 years, Nuance Mid Cap Value Fund had an annualized return of 2.90%, while the S&P 500 had an annualized return of 11.39%, indicating that Nuance Mid Cap Value Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.64% | 25.45% |
| 1 month | -1.87% | 2.91% |
| 6 months | 2.66% | 14.05% |
| 1 year | 19.27% | 35.64% |
| 5 years (annualized) | 0.21% | 14.13% |
| 10 years (annualized) | 2.90% | 11.39% |
Monthly Returns
The table below presents the monthly returns of NMAVX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -3.49% | -0.16% | 3.91% | -1.75% | 2.02% | -2.75% | 7.34% | 2.76% | 3.16% | -4.80% | 5.64% | ||
| 2023 | 4.56% | -1.19% | -0.12% | 2.91% | -5.26% | 4.25% | 1.44% | -4.66% | -6.47% | -2.76% | 8.06% | 6.78% | 6.45% |
| 2022 | -1.51% | 0.73% | 1.31% | -4.01% | 1.94% | -5.46% | 1.94% | -4.04% | -6.76% | 8.03% | 5.77% | -9.87% | -12.66% |
| 2021 | -1.07% | 1.87% | 4.17% | 4.14% | 0.26% | -1.26% | 1.05% | 0.65% | -3.17% | 1.87% | -3.55% | -5.14% | -0.65% |
| 2020 | -2.21% | -6.94% | -11.30% | 8.15% | 3.90% | -0.08% | 2.21% | 0.80% | -2.99% | 2.54% | 8.78% | 3.37% | 4.41% |
| 2019 | 7.73% | 2.45% | 1.47% | 4.07% | -2.97% | 4.67% | 1.16% | -1.68% | 3.52% | 0.75% | 4.63% | -3.07% | 24.52% |
| 2018 | 2.09% | -3.70% | 0.64% | 0.08% | -0.49% | 0.44% | 2.28% | 0.56% | -0.60% | -4.46% | 4.25% | -11.74% | -11.06% |
| 2017 | 1.38% | 2.55% | -0.43% | 0.67% | 0.08% | 2.08% | 0.08% | -0.08% | 2.85% | 2.05% | 3.25% | -6.60% | 7.75% |
| 2016 | -2.74% | -0.52% | 8.09% | 4.38% | 0.84% | -2.25% | 1.71% | 0.47% | 0.66% | -2.21% | 8.30% | 1.31% | 18.73% |
| 2015 | -3.56% | 5.53% | -0.42% | 1.66% | 0.86% | 0.17% | -1.43% | -1.93% | -4.10% | 7.11% | 1.83% | -6.88% | -1.98% |
| 2014 | -1.30% | 5.47% | 1.07% | 0.48% | 0.09% | 3.79% | -3.20% | 3.49% | -4.31% | 2.01% | 0.94% | -5.76% | 2.15% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NMAVX is 22, indicating that it is in the bottom 22% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuance Mid Cap Value Fund (NMAVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nuance Mid Cap Value Fund provided a 1.59% dividend yield over the last twelve months, with an annual payout of $0.21 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.21 | $0.23 | $0.07 | $0.08 | $0.09 | $0.13 | $0.10 | $0.06 | $0.06 | $0.08 | $0.10 |
Dividend yield | 1.59% | 1.79% | 0.61% | 0.54% | 0.62% | 0.97% | 0.90% | 0.49% | 0.50% | 0.82% | 0.99% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuance Mid Cap 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.21 | |
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $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 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.07 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.08 |
| 2020 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.09 |
| 2019 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.13 |
| 2018 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.10 |
| 2017 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.06 |
| 2016 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.06 |
| 2015 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.08 |
| 2014 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.10 |
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 Mid Cap 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 Mid Cap Value Fund was 33.02%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.
The current Nuance Mid Cap Value Fund drawdown is 12.66%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.02% | Dec 18, 2019 | 65 | Mar 23, 2020 | 200 | Jan 6, 2021 | 265 |
| -29.26% | Sep 9, 2021 | 538 | Oct 27, 2023 | — | — | — |
| -20.63% | Dec 5, 2017 | 265 | Dec 24, 2018 | 147 | Jul 26, 2019 | 412 |
| -17.66% | Jul 7, 2014 | 389 | Jan 20, 2016 | 95 | Jun 6, 2016 | 484 |
| -8.33% | Jun 9, 2016 | 13 | Jun 27, 2016 | 96 | Nov 10, 2016 | 109 |
Volatility
Volatility Chart
The current Nuance Mid Cap Value Fund volatility is 4.15%, 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.