See what your fund actually adds

Nicholas Limited Edition Fund Class N NNLEX

Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.

Fund and replication metrics

NNLEX compared with its replication portfolio
MeasureNNLEXReplication
Annualized growth-1.4%6.2%
Annualized volatility18.6%17.3%
Sharpe ratio0.020.43
Maximum drawdown28.4%25.7%
Replication fit (R²)0.87 · Tracking error 6.6%

Replication portfolio

The published portfolio below is the investable basket used to model NNLEX’s historical return behavior.

NNLEX replication basket weights
TickerBuilding blockWeight
VBKSmall-Cap · Growth35.8%
IJRUS Small Cap35.2%
USMVFactor · Min Vol16.2%
XLVSector · Healthcare12.8%