# Nicholas Limited Edition Fund (NNLEX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nnlex for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Passive Index · Inception: 2005-02-28 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 exceedin... ## Key Facts | Metric | Value | |---|---| | Price | $22.99 | | Expense Ratio | 1.16% | | Assets Under Management | $328.3M | | NAV | $22.99 | | Holdings Count | — | | Distribution Yield (TTM) | 8.29% | | Annual Distribution (TTM) | $1.91 /share | | Distribution Frequency | Annual | | 52-Week Range | $18.90 – $24.64 | | Beta | 0.88 | ## Latest Distribution - Amount: $1.9070 /share - Ex-date: 2025-12-29 - Pay date: 2025-12-29 ## Frequently Asked Questions ### 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 $328.3M 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. ### Does NNLEX pay a dividend? Nicholas Limited Edition Fund (NNLEX) currently distributes little or no income. Trailing-twelve-month yield is 8.29%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does NNLEX pay dividends? Nicholas Limited Edition Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is NNLEX's dividend yield? NNLEX's trailing-twelve-month yield is 8.29%, calculated from the sum of dividends over the past year divided by the current price. ### When is NNLEX's next ex-dividend date? The most recently announced ex-dividend date for NNLEX was 2025-12-29. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will NNLEX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.16% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NNLEX charge its expense ratio? The expense ratio is deducted in tiny daily slices from NNLEX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NNLEX cost more than a fund like VOO? NNLEX is a passive index fund (current expense ratio 1.16%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to NNLEX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as NNLEX (1.16%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nnlex - Distribution history: https://www.dividenddata.com/funds/nnlex/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nnlex/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nnlex/expenses - Peer comparison: https://www.dividenddata.com/funds/nnlex/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.