Nuance Concentrated Value Fund Institutional Class 

The Nuance Concentrated Value Fund Institutional Class primarily seeks investment in U.S. equities, targeting high-quality companies that the Adviser believes are currently undervalued or temporarily out of market favor. It employs an all-cap strategy, typically holding a concentrated portfolio of 15 to 35 companies across various market capitalizations. While its core focus remains on domestic common stocks, the fund is permitted to allocate up to 25% of its assets to foreign companies, specifically via their common shares or American Depositary Receipts (ADRs), provided they are classified as 'developed' by MSCI Inc. The fund is designated as non-diversified.