Nicholas II Fund Class I (NCTWX)

Fund Assets	941.89M
Expense Ratio	0.59%
Min. Investment	$100,000
Turnover	9.52%
Dividend (ttm)	3.64
Dividend Yield	11.49%
Dividend Growth	110.01%
Payout Frequency	Annual
Ex-Dividend Date	Dec 29, 2025

Previous Close	31.68
YTD Return	8.16%
1-Year Return	5.35%
5-Year Return	14.11%
52-Week Low	26.25
52-Week High	34.05
Beta (5Y)	0.91
Holdings	68
Inception Date	Oct 17, 1983

About NCTWX

Nicholas II, Inc. is a mid-cap growth mutual fund that primarily invests in common stocks of domestic companies with medium-sized market capitalizations, which typically range from $3 billion to $35 billion. Established in 1983 as the second equity fund from Nicholas Funds, its investment approach centers on identifying companies with sound business fundamentals, attractive earnings prospects, and valuations considered to be at a discount relative to their long-term potential. The fund’s objective is to deliver long-term capital appreciation, making it suitable as a core portfolio holding for investors seeking growth-oriented exposure. Nicholas II, Inc. employs a disciplined strategy that blends growth and consistency, often targeting mid-cap firms for their balance of growth opportunities and relative stability compared to smaller companies. The portfolio is diversified across several sectors, including technology, consumer, industrials, and financial services, and is managed by an experienced team with a history of maintaining cost advantages for investors. The fund’s management emphasizes risk-adjusted returns and capital appreciation through careful stock selection and a focus on purchasing at reasonable valuations.

• Fund Family: Nicholas
• Category: Mid-Cap Growth
• Performance Rating: Below Average
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: NCTWX
• Share Class: Class I
• Index: Russell MidCap Growth TR

Performance

NCTWX had a total return of 5.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.91%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
NNTWX	Class N	0.90%

Top 10 Holdings

24.22% of assets

Name	Symbol	Weight
Lattice Semiconductor Corporation	LSCC	2.82%
Teledyne Technologies Incorporated	TDY	2.80%
AMETEK, Inc.	AME	2.71%
O'Reilly Automotive, Inc.	ORLY	2.40%
Corpay, Inc.	CPAY	2.39%
Nordson Corporation	NDSN	2.31%
CBRE Group, Inc.	CBRE	2.25%
Mettler-Toledo International Inc.	MTD	2.21%
BJ's Wholesale Club Holdings, Inc.	BJ	2.19%
Old Dominion Freight Line, Inc.	ODFL	2.16%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 29, 2025	$3.64211	Dec 29, 2025
Dec 27, 2024	$1.73423	Dec 27, 2024
Dec 27, 2023	$0.23677	Dec 27, 2023
Dec 28, 2022	$1.07958	Dec 28, 2022
Dec 28, 2021	$3.4425	Dec 28, 2021
Dec 28, 2020	$1.196	Dec 28, 2020

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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