NSEIX: Nicholas Equity Income I

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NSEIX Nicholas Equity Income I

  • Fund
  • NSEIX
  • Price as of: Jan 16, 2020
  • $19.56
    + $0.18 + 0.93%

Profile

NSEIX - Profile

Vitals

  • YTD Return 1.3%
  • 3 Yr Annualized Return -0.6%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $394 M
  • Holdings in Top 10 25.8%

52 WEEK LOW AND HIGH

$19.56
$17.59
$20.96

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.73%

SALES FEES

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

BROKERAGE FEES

  • Turnover 36.76%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $500
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return 6.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Nicholas Equity Income Fund Class I
  • Fund Family Name
    Nicholas
  • Inception Date
    Nov 23, 1993
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Shelton

Fund Description

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. It 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 invests, under normal market conditions, at least 80% of its net assets in equity securities.


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Categories

Performance

NSEIX - Performance

Return Ranking - Trailing

Period NSEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -0.5% 4.1% 33.62%
1 Yr 11.1% -26.2% 52.1% 73.74%
3 Yr -0.6%* -18.8% 17.3% 79.41%
5 Yr -0.4%* -12.4% 13.2% 79.03%
10 Yr 4.2%* -4.8% 17.6% 75.04%

* Annualized

Return Ranking - Calendar

Period NSEIX Return Category Return Low Category Return High Rank in Category (%)
2019 14.7% -32.1% 48.5% 76.78%
2018 -18.5% -62.4% 16.7% 64.30%
2017 5.1% -16.5% 22.0% 72.57%
2016 8.1% -27.9% 31.0% 73.13%
2015 -10.0% -43.1% 1.3% 57.86%

Total Return Ranking - Trailing

Period NSEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -0.5% 4.1% 33.62%
1 Yr 11.1% -26.2% 52.1% 73.42%
3 Yr 7.2%* -17.3% 17.3% 49.84%
5 Yr 6.5%* -11.9% 13.2% 46.56%
10 Yr 10.5%* -4.8% 17.6% 31.99%

* Annualized

Total Return Ranking - Calendar

Period NSEIX Return Category Return Low Category Return High Rank in Category (%)
2019 14.7% -32.1% 48.5% 76.88%
2018 -4.5% -37.1% 17.4% 4.50%
2017 12.4% -16.5% 25.7% 71.72%
2016 12.6% -27.9% 32.2% 59.64%
2015 -3.7% -28.9% 3.9% 37.10%

NAV & Total Return History


Holdings

NSEIX - Holdings

Concentration Analysis

NSEIX Category Low Category High NSEIX % Rank
Net Assets 394 M 1.13 M 91.1 B 61.28%
Number of Holdings 65 1 1192 66.57%
Net Assets in Top 10 101 M 84.4 K 22.5 B 63.64%
Weighting of Top 10 25.76% 6.7% 186.4% 65.06%

Top 10 Holdings

  1. Microsoft Corp 3.60%
  2. Medtronic PLC 2.98%
  3. Quest Diagnostics Inc 2.83%
  4. Apple Inc 2.57%
  5. Johnson & Johnson 2.51%
  6. Chevron Corp 2.41%
  7. Northern Trust Corp 2.29%
  8. JPMorgan Chase & Co 2.22%
  9. Abbott Laboratories 2.21%
  10. Target Corp 2.16%

Asset Allocation

Weighting Return Low Return High NSEIX % Rank
Stocks
94.29% 85.19% 135.68% 94.43%
Cash
5.71% -98.49% 14.81% 4.34%
Preferred Stocks
0.00% 0.00% 7.57% 51.37%
Other
0.00% -3.87% 28.16% 50.52%
Convertible Bonds
0.00% -0.01% 6.74% 49.29%
Bonds
0.00% -6.31% 67.93% 52.12%

Stock Sector Breakdown

Weighting Return Low Return High NSEIX % Rank
Healthcare
18.54% 0.00% 36.06% 9.32%
Technology
15.36% 0.00% 29.82% 15.41%
Financial Services
14.22% 0.00% 60.42% 89.72%
Industrials
11.63% 0.00% 38.78% 30.26%
Consumer Cyclical
10.19% 0.00% 34.09% 15.41%
Consumer Defense
9.76% 0.00% 32.00% 29.02%
Real Estate
6.34% 0.00% 20.37% 13.42%
Energy
5.14% 0.00% 20.07% 83.92%
Communication Services
3.05% 0.00% 23.77% 91.72%
Utilities
2.91% 0.00% 61.13% 72.88%
Basic Materials
2.85% 0.00% 25.97% 58.04%

Stock Geographic Breakdown

Weighting Return Low Return High NSEIX % Rank
US
90.07% 80.36% 133.82% 71.67%
Non US
4.22% 0.00% 16.89% 48.16%

Expenses

NSEIX - Expenses

Operational Fees

NSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.00% 27.58% 77.05%
Management Fee 0.62% 0.00% 1.50% 55.02%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 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 1.00% 5.50% 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 36.76% 0.00% 1011.00% 42.03%

Distributions

NSEIX - Distributions

Dividend Yield Analysis

NSEIX Category Low Category High NSEIX % Rank
Dividend Yield 0.00% 0.00% 7.70% 73.28%

Dividend Distribution Analysis

NSEIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

NSEIX Category Low Category High NSEIX % Rank
Net Income Ratio 2.02% -0.63% 4.13% 29.23%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

NSEIX - Fund Manager Analysis

Managers

Michael Shelton


Start Date

Tenure

Tenure Rank

Apr 30, 2011

8.68

8.7%

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

3.34

3.3%

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
0.01 84.18 6.97 4.3