NMVZX Performance — Nuance Mid Cap Value Fund, Z Class
Data updated: 2026-09-28
NMVZX returned +13.81% year to date and +17.36% over one year to Jul 2026. Annualised returns are +7.96% over 3 years and +5.38% over 5 years. The fund trailed its US Mid-Cap Blend category average: $100 invested three years ago grew to $126, against $144 for the category, and to $117 over one year, against $119. Volatility over the past three years was 14.00% a year. In the 12 months to Jul 2026 the fund lost a net $257.3M, and assets reached $294.81M.
NMVZX Growth of $100
What $100 invested in Nuance Mid Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | NMVZX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $117 | $119 |
| 3 years (Aug 2023 – Jul 2026) | $126 | $144 |
| 5 years (Aug 2021 – Jul 2026) | $130 | $145 |
| Since data start (Aug 2019 – Jul 2026) | $163 | $204 |
NMVZX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +13.81% |
| 1 year | +17.36% |
| 3 years (annualised) | +7.96% |
| 5 years (annualised) | +5.38% |
NMVZX Annual Returns
Calendar-year total returns of Nuance Mid Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +13.81% |
| 2025 | +4.28% |
| 2024 | +5.77% |
| 2023 | +6.84% |
| 2022 | −4.64% |
| 2021 | +11.39% |
| 2020 | +4.80% |
| 2019 (Aug–Dec) | +9.32% |
NMVZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.3% | +5.1% | −7.7% | +1.0% | +2.4% | +4.0% | +3.6% | — | — | — | — | — |
| 2025 | +3.5% | −4.5% | −2.7% | −2.0% | +3.6% | +2.6% | +1.0% | +2.1% | −1.9% | −1.0% | +3.1% | +0.8% |
| 2024 | −3.5% | −0.1% | +3.9% | −1.7% | +2.1% | −2.8% | +7.5% | +2.8% | +3.2% | −4.8% | +4.2% | −4.3% |
| 2023 | +4.6% | −1.2% | −0.1% | +2.9% | −5.2% | +4.3% | +1.4% | −4.6% | −6.5% | −2.7% | +8.0% | +6.8% |
| 2022 | −1.4% | +0.7% | +1.4% | −4.0% | +1.9% | −5.4% | +1.9% | −3.9% | −6.8% | +8.1% | +5.8% | −1.9% |
| 2021 | −1.1% | +1.9% | +4.2% | +4.1% | +0.3% | −1.2% | +1.1% | +0.7% | −3.2% | +1.9% | −3.5% | +6.0% |
| 2020 | −2.2% | −6.9% | −11.3% | +8.1% | +4.0% | −0.2% | +2.3% | +0.9% | −2.9% | +2.5% | +8.8% | +3.4% |
| 2019 | — | — | — | — | — | — | — | −1.7% | +3.6% | +0.8% | +4.7% | +1.8% |
NMVZX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 14.00%
- 3-year Sharpe ratio: 0.25 (vs 4.5% risk-free rate)
- Best month: +8.03% (Nov 2023)
- Worst month: −7.74% (Mar 2026)
NMVZX Fund Flows
Monthly money in and out of Nuance Mid Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$257.3M
- 12-month gross sales (incl. reinvestments): $29.7M
- Sales ÷ redemptions: 0.10×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $1.1M | $7.7M | −$6.6M |
| Jun 2026 | $2.3M | $8.3M | −$6.0M |
| May 2026 | $1.8M | $11.9M | −$10.2M |
| Apr 2026 | $1.3M | $10.8M | −$9.5M |
| Mar 2026 | $1.5M | $68.3M | −$66.8M |
| Feb 2026 | $1.1M | $16.4M | −$15.3M |
| Jan 2026 | $3.0M | $23.5M | −$20.5M |
| Dec 2025 | $5.9M | $32.0M | −$26.1M |
| Nov 2025 | $2.4M | $18.8M | −$16.4M |
| Oct 2025 | $2.7M | $14.0M | −$11.3M |
| Sep 2025 | $4.6M | $15.4M | −$10.8M |
| Aug 2025 | $2.1M | $59.9M | −$57.9M |
NMVZX Assets Under Management
Net assets of Nuance Mid Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $294.81M |
| 2026-04-30 | $289.86M |
| 2026-01-31 | $388.50M |
| 2025-10-31 | $418.25M |
| 2025-07-31 | $501.75M |
| 2025-04-30 | $542.94M |
| 2025-01-31 | $1.42B |
| 2024-10-31 | $1.53B |
| 2024-07-31 | $1.93B |
| 2024-04-30 | $2.39B |
| 2024-01-31 | $2.57B |
| 2023-10-31 | $2.52B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.