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Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

NICHOLAS EQUITY INCOME FUND INC

NSEIX | Fund

$22.31

$483 M

1.80%

$0.40

0.70%

Vitals

YTD Return

12.2%

1 yr return

22.5%

3 Yr Avg Return

4.8%

5 Yr Avg Return

9.9%

Net Assets

$483 M

Holdings in Top 10

24.7%

52 WEEK LOW AND HIGH

$22.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 18.11%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$500

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

NICHOLAS EQUITY INCOME FUND INC

NSEIX | Fund

$22.31

$483 M

1.80%

$0.40

0.70%

NSEIX - Profile

Distributions

  • YTD Total Return 12.2%
  • 3 Yr Annualized Total Return 4.8%
  • 5 Yr Annualized Total Return 9.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.65%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    NICHOLAS EQUITY INCOME FUND INC
  • Fund Family Name
    Nicholas Family of Funds
  • Inception Date
    Jun 17, 1994
  • Shares Outstanding
    22946590
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Shelton

Fund Description

To achieve reasonable income, the Fund seeks an income yield that exceeds the corporate dividend yield on the securities included in the Standard & Poor’s 500 Composite Stock Price Index (“S&P 500 Index”). The market capitalization of the securities held by the Fund as of June 30, 2024 ranged from a low of $2.7 billion to a high of $3.4 trillion. To achieve moderate long-term growth, the Fund seeks a five-year return which approximates three-fourths of the average total return achieved over a five-year period on the S&P 500 Index.
To pursue the Fund’s investment objectives, the Fund invests in a diversified portfolio of income-producing equity securities (including common stocks, preferred stocks and convertible securities) and corporate and government fixed income investments (including notes, bonds and debentures). The Fund is not managed as a balanced portfolio. The Fund invests, under normal market conditions, at least 80% of its net assets in equity securities. The Fund’s Board of Directors may change this policy without shareholder approval. However, the Fund will not change this policy of investing at least 80% of its net assets in equity securities without first changing the Fund’s name and providing at least 60 days prior notice to shareholders. The Fund’s asset allocation is determined by its Adviser, Nicholas Company, Inc. (the “Adviser”), at any given time in light of its assessment of current economic conditions and investment opportunities.
In selecting investments, the Adviser performs its own credit analysis on the credit quality of issuers. In this evaluation, the Adviser considers, among other things, the issuer’s financial resources, its sensitivity to economic conditions and trends, its operating history, the quality of the issuer’s management and regulatory matters.
The Fund may invest in both investment grade and non‑investment grade securities and its investments may include both rated and unrated securities. The Fund is subject to the following restriction: at time of investment, not more than 20% of the Fund’s total assets may be invested in non‑investment grade preferred stocks, convertible securities and debt securities. The Fund invests in both short-term and long-term debt securities and is not limited as to the maturities of the securities in which it invests. The Fund may invest in Real Estate Investment Trusts (“REITs”) and other real estate-based securities.
Read More

NSEIX - Performance

Return Ranking - Trailing

Period NSEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.2% -10.8% 38.0% 79.15%
1 Yr 22.5% 4.1% 61.3% 75.35%
3 Yr 4.8%* -4.1% 30.7% 84.34%
5 Yr 9.9%* -0.8% 45.1% 58.13%
10 Yr 9.1%* 1.5% 25.1% 40.89%

* Annualized

Return Ranking - Calendar

Period NSEIX Return Category Return Low Category Return High Rank in Category (%)
2023 3.1% -16.9% 46.1% 68.97%
2022 -10.5% -64.7% 4.6% 36.23%
2021 11.4% -44.2% 57.5% 70.67%
2020 3.3% -23.2% 285.0% 21.38%
2019 14.7% -21.4% 48.5% 80.32%

Total Return Ranking - Trailing

Period NSEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.2% -10.8% 38.0% 79.15%
1 Yr 22.5% 4.1% 61.3% 75.35%
3 Yr 4.8%* -4.1% 30.7% 84.34%
5 Yr 9.9%* -0.8% 45.1% 58.13%
10 Yr 9.1%* 1.5% 25.1% 40.89%

* Annualized

Total Return Ranking - Calendar

Period NSEIX Return Category Return Low Category Return High Rank in Category (%)
2023 7.9% -15.9% 46.7% 75.87%
2022 -6.9% -42.0% 8.5% 61.62%
2021 24.9% 3.6% 129.7% 63.37%
2020 8.7% -22.6% 304.8% 14.09%
2019 30.4% -12.7% 52.1% 8.11%

NAV & Total Return History

NSEIX - Holdings

Concentration Analysis

NSEIX Category Low Category High NSEIX % Rank
Net Assets 483 M 1.97 M 163 B 63.54%
Number of Holdings 66 2 1727 67.68%
Net Assets in Top 10 113 M 433 K 37.8 B 66.39%
Weighting of Top 10 24.66% 4.4% 99.1% 67.71%

Top 10 Holdings

  1. Microsoft Corp. COM USD0.00000625 3.88%
  2. JPMorgan Chase Co. COM USD1.00 2.72%
  3. AstraZeneca PLC SPON ADR EACH REP 0.50 ORD 2.70%
  4. The TJX Companies Inc. COM USD1 2.44%
  5. Chevron Corp. COM USD0.75 2.33%
  6. CMS Energy Corporation COM USD0.01 2.17%
  7. The Charles Schwab Corporation COM USD0.01 2.17%
  8. Broadcom Inc COM USD0.001 2.14%
  9. Unilever PLC ADS-EA REP 1 ORD GPB0.03111 2.08%
  10. Oracle Corp. COM USD0.01 2.03%

Asset Allocation

Weighting Return Low Return High NSEIX % Rank
Stocks 		94.67% 7.19% 103.40% 90.82%
Cash 		2.71% 0.00% 36.15% 25.90%
Bonds 		2.62% 0.00% 78.06% 3.31%
Preferred Stocks 		0.00% 0.00% 15.27% 42.15%
Other 		0.00% -2.59% 36.68% 53.99%
Convertible Bonds 		0.00% 0.00% 3.66% 38.47%

Stock Sector Breakdown

Weighting Return Low Return High NSEIX % Rank
Technology 		17.59% 0.00% 54.02% 10.94%
Financial Services 		15.84% 0.00% 58.05% 79.33%
Healthcare 		14.75% 0.00% 30.08% 77.66%
Consumer Defense 		11.26% 0.00% 34.10% 22.15%
Industrials 		11.21% 0.00% 42.76% 54.31%
Consumer Cyclical 		8.18% 0.00% 22.74% 21.41%
Utilities 		5.27% 0.00% 27.04% 39.85%
Energy 		5.02% 0.00% 54.00% 80.63%
Real Estate 		4.74% 0.00% 90.54% 23.35%
Basic Materials 		4.63% 0.00% 21.69% 22.15%
Communication Services 		1.52% 0.00% 26.58% 93.14%

Stock Geographic Breakdown

Weighting Return Low Return High NSEIX % Rank
US 		94.67% 7.19% 103.40% 71.90%
Non US 		0.00% 0.00% 24.08% 56.29%

Bond Sector Breakdown

Weighting Return Low Return High NSEIX % Rank
Cash & Equivalents 		1.67% 0.00% 100.00% 38.84%
Derivative 		0.00% -2.59% 8.30% 43.43%
Securitized 		0.00% 0.00% 40.38% 36.17%
Corporate 		0.00% 0.00% 100.00% 45.55%
Municipal 		0.00% 0.00% 0.02% 36.17%
Government 		0.00% 0.00% 100.00% 37.43%

Bond Geographic Breakdown

Weighting Return Low Return High NSEIX % Rank
US 		2.62% 0.00% 66.93% 3.31%
Non US 		0.00% 0.00% 11.12% 35.45%

NSEIX - Expenses

Operational Fees

NSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.03% 14.82% 71.61%
Management Fee 0.61% 0.00% 1.50% 58.20%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

NSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

NSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

NSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.11% 0.00% 488.00% 17.47%

NSEIX - Distributions

Dividend Yield Analysis

NSEIX Category Low Category High NSEIX % Rank
Dividend Yield 1.80% 0.00% 16.67% 33.18%

Dividend Distribution Analysis

NSEIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Quarterly

Net Income Ratio Analysis

NSEIX Category Low Category High NSEIX % Rank
Net Income Ratio 1.65% -1.51% 4.28% 33.18%

Capital Gain Distribution Analysis

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

Distributions History

View More +

NSEIX - Fund Manager Analysis

Managers

Michael Shelton

Start Date

Tenure

Tenure Rank

Apr 30, 2011

11.09

11.1%

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.

David Nicholas

Start Date

Tenure

Tenure Rank

Aug 29, 2016

5.76

5.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.08 6.71

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