NNLEX Performance — Nicholas Limited Edition, Inc., Class N
Data updated: 2026-09-22
NNLEX returned +0.27% year to date and −3.63% over one year to Jul 2026. Annualised returns are +0.43% over 3 years and −0.80% over 5 years. The fund trailed its US Small Growth category average: $100 invested three years ago grew to $101, against $142 for the category, and to $96 over one year, against $123. Volatility over the past three years was 16.27% a year. In the 12 months to Jul 2026 the fund lost a net $50.0M, and assets reached $345.73M.
NNLEX Growth of $100
What $100 invested in Nicholas Limited Edition, Inc. grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Growth category average over the same months.
| Period | NNLEX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $96 | $123 |
| 3 years (Aug 2023 – Jul 2026) | $101 | $142 |
| 5 years (Aug 2021 – Jul 2026) | $96 | $121 |
| Since data start (Jul 2019 – Jul 2026) | $138 | $191 |
NNLEX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.27% |
| 1 year | −3.63% |
| 3 years (annualised) | +0.43% |
| 5 years (annualised) | −0.80% |
NNLEX Annual Returns
Calendar-year total returns of Nicholas Limited Edition, Inc., compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.27% |
| 2025 | −10.65% |
| 2024 | +11.56% |
| 2023 | +16.81% |
| 2022 | −23.85% |
| 2021 | +18.73% |
| 2020 | +22.48% |
| 2019 (Jul–Dec) | +6.74% |
NNLEX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.1% | −5.4% | −8.0% | +5.7% | +0.9% | +6.1% | +1.9% | — | — | — | — | — |
| 2025 | +3.8% | −6.1% | −5.4% | −0.6% | +3.3% | +0.8% | −2.6% | +3.1% | −4.1% | −5.1% | +2.7% | −0.4% |
| 2024 | −2.0% | +4.7% | +2.6% | −6.0% | +2.2% | +1.5% | +5.5% | +1.0% | +1.1% | −1.6% | +9.2% | −6.2% |
| 2023 | +8.7% | −0.9% | −0.6% | −2.0% | −1.0% | +7.9% | +2.9% | −1.8% | −5.7% | −6.5% | +7.9% | +8.4% |
| 2022 | −9.7% | −1.2% | +1.4% | −6.8% | −1.4% | −4.7% | +7.6% | −4.0% | −8.6% | +5.0% | +2.5% | −5.3% |
| 2021 | −0.7% | +2.0% | +1.2% | +4.7% | −1.6% | +1.6% | +2.4% | +3.1% | −2.9% | +5.5% | −3.3% | +5.8% |
| 2020 | +1.4% | −7.7% | −17.1% | +13.5% | +7.1% | +1.5% | +6.4% | +2.6% | −2.9% | +0.3% | +11.3% | +8.2% |
| 2019 | — | — | — | — | — | — | +2.7% | −2.8% | −0.6% | +2.6% | +3.9% | +0.9% |
NNLEX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 16.27%
- 3-year Sharpe ratio: -0.25 (vs 4.5% risk-free rate)
- Best month: +9.20% (Nov 2024)
- Worst month: −8.03% (Mar 2026)
NNLEX Fund Flows
Monthly money in and out of Nicholas Limited Edition, Inc., from SEC Form N-PORT.
- 12-month net flow: −$50.0M
- 12-month gross sales (incl. reinvestments): $26.9M
- Sales ÷ redemptions: 0.35×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $225K | $4.4M | −$4.2M |
| Jun 2026 | $249K | $3.8M | −$3.5M |
| May 2026 | $521K | $6.1M | −$5.5M |
| Apr 2026 | $570K | $8.9M | −$8.4M |
| Mar 2026 | $774K | $5.1M | −$4.4M |
| Feb 2026 | $684K | $6.6M | −$5.9M |
| Jan 2026 | $733K | $6.6M | −$5.8M |
| Dec 2025 | $19.7M | $13.5M | $6.2M |
| Nov 2025 | $1.2M | $6.2M | −$5.0M |
| Oct 2025 | $778K | $8.4M | −$7.6M |
| Sep 2025 | $866K | $3.1M | −$2.2M |
| Aug 2025 | $604K | $4.2M | −$3.6M |
NNLEX Assets Under Management
Net assets of Nicholas Limited Edition, Inc. by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $345.73M |
| 2026-04-30 | $329.71M |
| 2026-01-31 | $378.09M |
| 2025-10-31 | $402.44M |
| 2025-07-31 | $441.79M |
| 2025-04-30 | $443.87M |
| 2025-03-31 | $447.49M |
| 2024-12-31 | $492.70M |
| 2024-09-30 | $499.26M |
| 2024-06-28 | $468.11M |
| 2024-03-31 | $482.08M |
| 2023-12-31 | $463.40M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.