Nuance Concentrated Value Fund Investor Class (NCAVX)

Fund Assets	38.14M
Expense Ratio	1.351%
Min. Investment	$2,500
Turnover	114.00%
Dividend (ttm)	0.19
Dividend Yield	1.37%
Dividend Growth	42.33%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 29, 2026

Previous Close	13.95
YTD Return	13.76%
1-Year Return	16.79%
5-Year Return	29.07%
52-Week Low	11.93
52-Week High	14.70
Beta (5Y)	0.71
Holdings	33
Inception Date	Jul 31, 2012

About NCAVX

Nuance Concentrated Value Fund Investor Class is a U.S.-focused mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of companies organized in the United States. The fund employs an all-cap strategy, typically maintaining a concentrated portfolio of 15 to 35 companies across various market capitalizations. It is managed with a disciplined, value-oriented approach, targeting businesses the investment team deems high quality yet temporarily out of favor in the market. Selection is driven by rigorous quantitative screening and fundamental analysis to identify companies with strong financials, leading and sustainable market positions, and stocks trading at a discount to their intrinsic value. While the majority of assets are allocated to U.S. equities, up to 25% of the portfolio may be invested in developed-market foreign companies. The fund’s non-diversified structure allows for a higher allocation to select issuers, which can enhance potential returns but may increase risk. This fund plays a significant role for investors seeking a concentrated value strategy with the flexibility to invest across both U.S. and select developed international markets.

• Fund Family: Nuance Investments
• Category: Mid-Cap Value
• Performance Rating: Below Average
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: NCAVX
• Share Class: Investor Class
• Index: Russell 3000 Value TR

Performance

NCAVX had a total return of 16.79% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.80%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FDVKX	Fidelity	Fidelity Value Discovery K6 Fund	0.46%
FVDKX	Fidelity	Fidelity Value Discovery K	0.39%
FVDFX	Fidelity	Fidelity Value Discovery Fund	0.45%
FNKLX	Fidelity	Fidelity Series Value Discovery Fund	n/a

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
NCVLX	Institutional Class Shares	1.05%

Top 10 Holdings

68.39% of assets

Name	Symbol	Weight
Beiersdorf Aktiengesellschaft	BDRFY	11.75%
Qiagen N.V.	QGEN	11.13%
The Clorox Company	CLX	10.33%
First American Government Obligs X	FGXXX	8.73%
California Water Service Group	CWT	5.77%
Kimberly-Clark Corporation	KMB	5.28%
Henkel AG & Co. KGaA	HENKY	4.83%
Kenvue Inc.	KVUE	4.80%
Solventum Corporation	SOLV	3.04%
Lindsay Corporation	LNN	2.72%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 29, 2026	$0.04582	Sep 29, 2026
Dec 17, 2025	$0.14794	Dec 17, 2025
Sep 29, 2025	$0.03058	Sep 29, 2025
Jun 27, 2025	$0.00903	Jun 27, 2025
Mar 28, 2025	$0.07052	Mar 28, 2025
Dec 18, 2024	$0.69643	Dec 18, 2024

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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