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NICSX Nicholas

  • Fund
  • NICSX
  • Price as of: Dec 02, 2016
  • $61.88
  • - $0.10
  • - 0.16%
  • Category
  • Mid Cap Growth Equities

NICSX - Profile

Vitals

  • YTD Return -1.3%
  • 3 Yr Annualized Return 5.1%
  • 5 Yr Annualized Return 12.9%
  • Net Assets $2.89 B
  • Holdings in Top 10 31.8%

52 WEEK LOW AND HIGH

$61.88
$55.66
$65.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

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

BROKERAGE FEES

  • Turnover 28.84%

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 -0.2%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 12.9%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.65%
DIVIDENDS
  • Dividend Yield 0.1%
  • 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 -1.3% -59.7% 26.3% 81.63% 5
1 Yr -5.3% -63.0% 32.0% 87.00% 5
3 Yr 5.1% * -47.9% 28.7% 36.54% 2
5 Yr 12.9% * -27.8% 20.5% 10.84% 1
10 Yr 8.1% * -15.1% 11.7% 21.35% 2

* Annualized


Return Ranking - Calendar

Period NICSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -8.3% -82.5% 12.2% 47.82% 3
2014 5.8% -40.7% 17.9% 13.60% 1
2013 33.3% -27.0% 200.0% 20.87% 2
2012 11.2% -11.3% 26.4% 45.91% 3
2011 -3.5% -41.3% 11.1% 34.98% 2

Total Return Ranking - Trailing

Period NICSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.2% -59.7% 26.3% 81.82% 5
1 Yr -5.3% -51.4% 876.4% 77.93% 4
3 Yr 5.1% * -23.6% 45.5% 33.44% 2
5 Yr 12.9% * -9.2% 114.4% 9.81% 1
10 Yr 8.1% * -4.1% 53.5% 20.41% 2

* Annualized


Total Return Ranking - Calendar

Period NICSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.8% -48.4% 19.2% 60.56% 4
2014 17.7% -23.5% 141.0% 2.16% 1
2013 55.2% -22.5% 561.9% 36.75% 2
2012 27.5% -11.3% 4114.7% 26.57% 2
2011 7.7% -100.0% 19.2% 5.64% 1

NAV & Total Return History

NICSX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

NICSX Category Low Category High NICSX % Rank Quintile
Net Assets 2.89 B 281 K 24.1 B 4.75% 1
Number of Holdings 45 3 2320 13.97% 5
Net Assets in Top 10 963 M 84.9 K 4.23 B 3.71% 1
Weighting of Top 10 31.8% 6.0% 125.8% 11.00% 2

Top 10 Holdings

  1. Gilead Sciences Inc 3.00%
  2. Affiliated Managers Group Inc 3.15%
  3. Walgreens Boots Alliance Inc 3.39%
  4. Thermo Fisher Scientific Inc 3.20%
  5. LKQ Corp 3.46%
  6. Aon PLC 3.02%
  7. International Business Machines Corp 3.53%
  8. Amerco Inc 3.02%
  9. Pfizer Inc 3.01%
  10. Ball Corp 2.97%

Asset Allocation

Weighting Category Low Category High NICSX % Rank Quintile
Stocks
89.61% 15.06% 136.15% 26.89% 5
Cash
10.39% -36.35% 42.87% 2.67% 1
Other
0.00% -10.78% 79.22% 10.10% 4
Convertible Bonds
0.00% 0.00% 2.74% 1.49% 3
Preferred Stocks
0.00% 0.00% 3.77% 2.23% 3
Bonds
0.00% 0.00% 56.94% 2.97% 3

Stock Sector Breakdown

Weighting Category Low Category High NICSX % Rank Quintile
Consumer Cyclical
21.26% 0.00% 48.63% 8.47% 2
Healthcare
20.97% 0.00% 37.20% 3.27% 1
Financial Services
14.56% 0.00% 29.03% 4.31% 1
Technology
11.67% 1.83% 48.63% 29.87% 5
Industrials
9.58% 0.00% 37.54% 29.57% 5
Consumer Defense
4.83% -0.02% 69.40% 17.38% 3
Energy
2.89% 0.00% 12.96% 14.12% 3
Communication Services
2.54% 0.00% 16.37% 8.32% 2
Real Estate
1.30% 0.00% 31.71% 21.55% 4
Utilities
0.00% -0.02% 12.31% 8.62% 3
Basic Materials
0.00% -0.02% 13.50% 27.34% 5

Stock Geographic Breakdown

Weighting Category Low Category High NICSX % Rank Quintile
US
86.88% 14.94% 127.92% 25.56% 5
Non US
2.73% 0.00% 26.42% 16.79% 3

NICSX - Expenses

Operational Fees

NICSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.72% 0.08% 111.05% 28.17% 1
Management Fee 0.65% 0.05% 1.50% 5.20% 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 28.84% 0.00% 687.00% 16.99% 2

NICSX - Distributions

Dividend Yield Analysis

NICSX Category Low Category High NICSX % Rank Quintile
Dividend Yield 0.1% 0.00% 5.39% 29.33% 2

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 0.65% -2.29% 1.79% 2.53% 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

5.51

Tenure Rank

10.2%

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 has developed his philosophy and skills over the past thirty years under the guidance of the long held investment philosophy and process developed by Albert O. Nicholas, the founder of Nicholas Company. This opportunity has allowed Dave to gain a deep experience and knowledge analyzing companies and the equity markets. Dave’s approach is aligned with the Nicholas core investment philosophy and process, while adjusting it to meet the characteristics of various capitalization growth companies. Core elements to the philosophy include identifying companies with secular growth capabilities, consistent earnings growth, strong balance sheets and solid management teams. Dave also shares a preference for non-consensus strategies when market opportunities arise. Dave is the lead portfolio manager of Nicholas Fund, Nicholas II and Nicholas Limited Edition, while serving as co-manager for Nicholas Equity Income Fund. As Chief Investment Officer he guides the firm’s investment process and the investment team on a day-to-day basis. 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

0.17

Tenure Rank

17.8%

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

30.7

Category Average

7.16

Category Mode

4.8