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NICSX Nicholas

  • Fund
  • NICSX
  • Price as of: Mar 20, 2019
  • $64.70
  • - $0.23
  • - 0.35%
  • Category
  • Mid Cap Growth Equities

NICSX - Profile

Vitals

  • YTD Return 14.6%
  • 3 Yr Annualized Return 12.1%
  • 5 Yr Annualized Return 7.7%
  • Net Assets $2.71 B
  • Holdings in Top 10 28.4%

52 WEEK LOW AND HIGH

$64.70
$55.08
$68.18

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 18.40%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$500

IRA

N/A

Investment Themes

CATEGORY

Mid Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 14.6%
  • 3 Yr Annualized Total Return 12.1%
  • 5 Yr Annualized Total Return 7.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.46%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Nicholas Fund
  • Fund Family Name Nicholas
  • Inception Date Jul 14, 1969
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager David O. Nicholas

Fund Description

The Nicholas Fund (NICSX) is an actively managed fund designed to grow investor capital over the long term. The fund does this by owning large- and mid-cap stocks domiciled in the United States, holding them for longer periods of time. NICSX’s managers use various criteria, including earnings, debt and pricing metrics as well as several governance standards, to pick its underlying portfolio.

NICSX does have low costs, however, as an actively managed, high conviction-styled fund, it is suitable only for a side bet on the U.S. markets. It is managed by Nicholas Company.

NICSX - Performance

Return Ranking - Trailing

Period NICSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 14.6% -98.2% 30.5% 61.60% 4
1 Yr 9.2% -20.6% 34.6% 39.46% 2
3 Yr 12.1% * -5.9% 29.9% 75.79% 4
5 Yr 7.7% * -2.4% 17.6% 69.76% 4
10 Yr 17.0% * 2.0% 23.0% 32.07% 2

* Annualized


Return Ranking - Calendar

Period NICSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -8.7% -70.5% 879.9% 27.48% 2
2017 1.2% -39.3% 158.6% 82.02% 5
2016 -2.6% -61.7% 31.3% 67.42% 4
2015 -8.3% -82.5% 35.0% 55.97% 3
2014 5.8% -29.3% 51.7% 23.82% 2

Total Return Ranking - Trailing

Period NICSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 14.6% -100.0% 30.5% 61.97% 4
1 Yr 9.2% -35.2% 876.4% 34.53% 2
3 Yr 12.1% * -3.8% 29.9% 74.29% 4
5 Yr 7.7% * -2.8% 17.4% 66.50% 4
10 Yr 17.0% * 2.0% 23.0% 31.52% 2

* Annualized


Total Return Ranking - Calendar

Period NICSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -8.7% -98.2% 879.9% 27.93% 2
2017 1.2% -38.9% 158.6% 84.41% 5
2016 -1.5% -61.7% 62.9% 71.75% 4
2015 -2.8% -43.1% 561.9% 68.69% 4
2014 17.7% -23.5% 334.3% 12.18% 1

NAV & Total Return History

NICSX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

NICSX Category Low Category High NICSX % Rank Quintile
Net Assets 2.71 B 281 K 31.5 B 6.54% 2
Number of Holdings 66 3 2241 12.78% 4
Net Assets in Top 10 690 M 84.9 K 5.71 B 5.50% 1
Weighting of Top 10 28.4% 6.7% 100.0% 15.30% 2

Top 10 Holdings

  1. Thermo Fisher Scientific Inc 3.48%
  2. Charles Schwab Corp 2.70%
  3. Mastercard Inc A 2.91%
  4. Microsoft Corp 3.51%
  5. Cintas Corp 2.64%
  6. Apple Inc 3.02%
  7. Alphabet Inc Class C 2.73%
  8. Snap-on Inc 2.46%
  9. Visa Inc Class A 2.44%
  10. Aon PLC 2.48%

Asset Allocation

Weighting Category Low Category High NICSX % Rank Quintile
Stocks
95.05% 5.68% 130.66% 24.37% 5
Cash
4.96% -30.66% 90.76% 6.69% 1
Preferred Stocks
0.00% 0.00% 6.94% 3.42% 3
Other
0.00% -10.78% 79.22% 8.02% 3
Convertible Bonds
0.00% 0.00% 8.44% 0.74% 2
Bonds
0.00% 0.00% 60.37% 2.53% 3

Stock Sector Breakdown

Weighting Category Low Category High NICSX % Rank Quintile
Technology
21.64% 0.00% 64.91% 21.10% 4
Consumer Cyclical
17.92% 0.00% 53.21% 12.78% 2
Healthcare
17.08% 0.00% 36.62% 9.66% 2
Financial Services
16.69% -0.06% 45.18% 4.90% 1
Industrials
9.40% 0.00% 39.42% 31.80% 5
Consumer Defense
6.77% 0.00% 22.39% 8.32% 1
Real Estate
1.88% 0.00% 41.91% 21.55% 3
Energy
1.72% 0.00% 15.02% 17.24% 3
Basic Materials
1.05% 0.00% 15.41% 26.00% 4
Communication Services
0.91% 0.00% 17.90% 15.60% 3
Utilities
0.00% 0.00% 10.95% 11.00% 3

Stock Geographic Breakdown

Weighting Category Low Category High NICSX % Rank Quintile
US
93.56% 5.51% 125.52% 20.51% 4
Non US
1.49% 0.00% 41.39% 26.30% 4

NICSX - Expenses

Operational Fees

NICSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.72% 0.07% 111.05% 28.91% 1
Management Fee 0.65% 0.06% 1.50% 5.50% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 25000.00% N/A N/A

Sales Fees

NICSX Fees (% of AUM) Category Low Category High NICSX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

NICSX Fees (% of AUM) Category Low Category High NICSX Rank Quintile
Max Redemption Fee N/A 0.05% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NICSX Fees (% of AUM) Category Low Category High NICSX Rank Quintile
Turnover 18.40% 0.00% 495.00% 21.16% 1

NICSX - Distributions

Dividend Yield Analysis

NICSX Category Low Category High NICSX % Rank Quintile
Dividend Yield 0.6% 0.00% 2.73% 1.36% 1

Dividend Distribution Analysis

NICSX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

NICSX Category Low Category High NICSX % Rank Quintile
Net Income Ratio 0.46% -2.55% 4.79% 5.37% 1

Capital Gain Distribution Analysis

NICSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

NICSX - Managers

David O. Nicholas

Lead Manager

Start Date

Apr 30, 2011

Tenure

7.84

Tenure Rank

9.6%

Dave Nicholas joined Nicholas Company as an investment analyst in 1986. He serves in a leadership position for the company as CEO and President, while primarily focusing his efforts day-to-day on investments as a Portfolio Manager and the Chief Investment Officer. Dave earned a B.B.A. in Finance from the University of Wisconsin-Madison and completed his M.S. in Finance at the University of Wisconsin-Milwaukee, where he is a member of the University’s Business School Advisory Board. He has earned the right to use the CFA designation and is a member of the CFA Society Milwaukee.


Michael L. Shelton

Manager

Start Date

Aug 29, 2016

Tenure

2.5

Tenure Rank

16.3%

Michael joined Nicholas Company in 2006. He serves as lead portfolio manager of Nicholas Equity Income Fund, co-portfolio manager of Nicholas Fund and is a senior research analyst. Michael has a depth of knowledge following years of covering the healthcare, technology and industrial sectors. Michael has had the opportunity to work alongside Dave and Ab Nicholas analyzing companies for each of the investment strategies. This experience has provided a sound basis for his adoption of the long held Nicholas investment philosophy and process. Prior to joining Nicholas Company, Michael worked for the Department of Defense Financing & Accounting Service as a financial analyst. He spent three years with Robert W. Baird as a research analyst and at McDonald Investments for one year focusing on healthcare companies. Before starting his investment career, he worked with Ernst & Young as an auditor and tax consultant. Michael has earned his CPA and CFA designations. He graduated magna cum laude from Miami University in Oxford, Ohio and obtained his MBA from The Ohio State University. He is a member of the CFA Society Milwaukee. Michael joined Nicholas Company in 2006. He serves as lead portfolio manager of Nicholas Equity Income Fund, co-portfolio manager of Nicholas Fund and is a senior research analyst. Michael has a depth of knowledge following years of covering the healthcare, technology and industrial sectors. Michael has had the opportunity to work alongside Dave and Ab Nicholas analyzing companies for each of the investment strategies. This experience has provided a sound basis for his adoption of the long held Nicholas investment philosophy and process. Prior to joining Nicholas Company, Michael worked for the Department of Defense Financing & Accounting Service as a financial analyst. He spent three years with Robert W. Baird as a research analyst and at McDonald Investments for one year focusing on healthcare companies. Before starting his investment career, he worked with Ernst & Young as an auditor and tax consultant. Michael has earned his CPA and CFA designations. He graduated magna cum laude from Miami University in Oxford, Ohio and obtained his MBA from The Ohio State University. He is a member of the CFA Society Milwaukee.


Tenure Analysis

Category Low

0.0

Category High

33.0

Category Average

7.9

Category Mode

4.2