The information contained herein: (1) is proprietary to Morningstar (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. We believe the Fund’s history suggests this approach can produce more consistent, risk-adjusted returns over time. The Nicholas philosophy has strongly maintained the benefits of buying stocks at valuations that are affordable relative to their long-term potential. This Fund tends to have more holdings to diversify the portfolio in an attempt to modify the volatility.Īs is true with the other Nicholas Funds, a critical component to the Fund’s style is buying stocks at valuations that offer the best opportunity for capital appreciation over the long-run, but also provide a margin of safety against declining stock prices. The small nature of these companies offers significant growth potential but may also exhibit greater volatility. Nicholas Limited Edition has a history of seeking to own smaller companies that have successfully grown into the mid-sized companies generating attractive returns. Recognizing the value of primary research and potential investment opportunity in small- and mid-cap stocks, Nicholas incorporated these stocks as a central component of this Fund's investment process.

The focus on small capitalization stocks targets a universe of stocks long recognized by Nicholas for their unique characteristics and long-term growth potential. Bushman, CFA was named co-portfolio manager of Nicholas Limited Edition, Inc. He also serves as the Chief Investment Officer for Nicholas Company. Nicholas, CFA is the portfolio manager of the Fund and has been at the helm since 1993. The focus is on small-cap growth companies with market capitalizations generally between $500 million and $2 billion with sound business models, strong prospects for future earnings growth and trading at discounted valuations to their long-term potential. is a fund specifically designed to invest in small-cap growth stocks, was launched in 1987.

Nicholas reeder