NSEIX Fees and Costs — Nicholas Equity Income Fund, Inc.
Data updated: 2026-09-22
The net expense ratio is 0.70%: a 0.61% management fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $72K in broker commissions, 0.0159% of average net assets, and portfolio turnover was 14%.
NSEIX Fees and Expenses
Annual operating expenses and sales charges of NSEIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.61% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
NSEIX Costs Over Time
On $10,000 invested in NSEIX, assuming 5% a year before costs, total costs come to $450 over 5 years, cutting the return by 0.75% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $247 | $450 |
| Value after costs | $10,425 | $11,329 | $12,312 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
NSEIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0159%
- Total broker commissions: $72K
- Bought from dealers (principal trades, not a cost): $280.5M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
NSEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Robert W. Baird & Co. Incorporated | $16K | 24.21% |
| Barclays Capital Inc. | $10K | 14.51% |
| UBS Securities LLC | $10K | 14.22% |
| J.P. Morgan Securities, LLC | $7K | 10.79% |
| William Blair & Company, LLC | $7K | 10.53% |
| Evercore Group L.L.C. | $5K | 7.06% |
| Raymond James & Associates Inc. | $4K | 6.71% |
| Wells Fargo Securities, LLC | $4K | 6.10% |
| Truist Securities, Inc. | $2K | 3.30% |
| Jefferies, LLC | $2K | 2.56% |
NSEIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. Bank N.A. | $280.5M | 100.00% |
Nicholas Equity Income Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NSEIX | Nicholas Equity Income Fund, Inc. | 0.70% | none |
| NNEIX | C000024852 | — | — |
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.