Morningstar

Nicholas Limited Edition Fund Class N NNLEX

Medalist Rating as of Sep 30, 2026 See Nicholas Investment Hub

Strategy

The investment seeks to increase the value of the investment over the long-term. The fund primarily primarily invests in common stocks of domestic corporations with small-and medium‑sized market capitalizations believed to have growth potential. The advisor believes a company’s annual sales volume and the market capitalization (the number of shares outstanding multiplied by the per share price) are the factors most illustrative of a company’s size. The advisor generally considers companies with market capitalizations up to $3 billion as "small", between $3 billion and $25 billion as "medium," and greater than $25 billion as "large."

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
NNLEX	Nicholas Limited Edition Fund Class N	No Load	Open			Feb 28, 2005	$9.15M	1.160%	Average	$500	−$5.17M
NCLEX	Nicholas Limited Edition Fund Class Institutional	Institutional	Open			May 18, 1987	$341.37M	0.860%	Below Average	$100,000	−$65.06M

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