Neither Morningstar nor its content providers are responsible for any damages or loses arising from any use of this information. 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. Nicholas has long been a proponent for buying stocks at valuations that are affordable relative to their long-term potential and owning them for the long-term… years, not days or months. A critical component to the Fund’s style is buying stocks at valuations that offer the best opportunity over the long-run and that we believe may provide a margin of safety against declining stock prices. Nicholas Fund offers a mix of companies with varying capitalizations, and the mix can change as stock valuations change.
The Fund will invest in larger cap stocks that we believe may have fallen out of favor with Wall Street, offer significant valuation or growth opportunities and may lend stability to the portfolio with their consistent growth.
Early on we recognized the potential for these smaller sized companies to offer greater growth potential than larger cap stocks, and greater opportunity to identify companies that Wall Street may have overlooked. While the entire market spectrum is a target universe for this strategy, Nicholas Company has long had a primary focus on stocks with mid and small capitalizations. Nicholas Fund is generally focused on mid and larger capitalized stocks, but will invest in smaller companies where the investment team finds opportunity. Nicholas Fund utilizes a multi-cap growth strategy that allows the portfolio manager to pursue the best growth opportunities in the market without being constrained by arbitrary market capitalization guidelines. Nicholas Fund was launched two years after Albert “Ab” O. is our flagship fund with its long history beginning in 1969.
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