Nicholas Limited Edition Fund

Frequently Asked Questions About NNLEX

What does NNLEX invest in?

This fund primarily directs its investments into the common shares of U.S.-based corporations. It concentrates on businesses possessing small to mid-range market capitalizations, which are identified as having promising potential for expansion. The investment advisor determines a company's overall size predominantly by assessing its annual sales volume and its total market valuation. Specifically, the advisor categorizes companies with a market capitalization up to $3 billion as "small," those with market capitalizations ranging from $3 billion to $25 billion as "medium," and firms exceeding $25 billion as "large."

What is the expense ratio of NNLEX?

Nicholas Limited Edition Fund (NNLEX) charges an expense ratio of 1.16%. This is the annual fee deducted from fund assets to cover management and operations.

How big is NNLEX?

Nicholas Limited Edition Fund (NNLEX) manages $339.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is NNLEX actively managed or an index fund?

NNLEX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (NNLEX's is 1.16%) because there's no security selection cost.

When was NNLEX launched?

Nicholas Limited Edition Fund (NNLEX) launched in February 2005 and is managed by the fund issuer.

How has NNLEX performed?

NNLEX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.