Frequently Asked Questions

  • General Questions
  • IRA Questions
How do I make an additional investment?

The minimum amount of an additional investment is $100 ($50 for UGMA and UTMA accounts).  Print and complete the Additional Investment Form and return it with your check to the appropriate address. Make the check payable to the selected fund.   

You may also make a purchase through Electronic Funds Transfer.  Please call U.S. Bancorp at (800) 544-6547 or complete the Account Options Form and return the completed form to the appropriate address.

How do I change my address?

Please call U.S. Bancorp at (800) 544-6547 and have your account number and social security number available. 

You may also print a Change of Address Form and mail your completed request to the appropriate address

How do I submit bank instructions (wire and EFT) for my account?

You may call U.S. Bancorp at (800) 544-6547 to have redemption proceeds, as well as dividend and capital gain distributions, electronically transferred or wired to your designated bank account. You may also print and return the completed Account Options Form to the appropriate address.

How do I gift shares to another party?

A gift of shares is designed to allow you to transfer, or gift, a specific dollar amount or number of shares to the recipient of your choice. Please call U.S. Bancorp at (800) 544-6547 to complete this transaction or complete the Gift of Shares Form and return the completed form to the appropriate address.

How do I make a redemption from my account?

Redemptions may be made by telephoning U.S. Bancorp at (800) 544-6547. Foreign callers may call collect (414) 765-4124. Account holders may redeem a maximum of $100,000 by telephone per business day. In order to process a redemption, you must have your account number and social security number available.  All redemptions placed prior to the close of the Market (4:00 p.m. Eastern), will be processed at that evening’s closing price.
Redemptions that exceed $100,000 must be done with a signature guaranteed letter of instruction, as do redemptions in which the proceeds will be sent somewhere other than the address of record. Please forward the signature guaranteed letter of instruction to the appropriate address.

How do I pay my IRA maintenance fee?

The IRA maintenance fee will be automatically deducted from Individual Retirement Account(s) on November 3, 2017.  If you would like to prepay the fee, please make sure we receive your check payable to US Bank prior to that date.  The fee is $15.00 per account, per social security number, with a cap of $30.00.  Include your account number(s) on your check for proper credit.

How do I make an additional investment?

The minimum amount of an additional investment is $100 ($50 for UGMA and UTMA accounts).  Print and complete the Additional Investment Form and return it with your check to the appropriate address. Make the check payable to the selected fund.   

You may also make a purchase through Electronic Funds Transfer.  Please call U.S. Bancorp at (800) 544-6547 or complete the Account Options Form and return the completed form to the appropriate address.

How do I change my address?

Please call U.S. Bancorp at (800) 544-6547 and have your account number and social security number available. 

You may also print a Change of Address Form and mail your completed request to the appropriate address

How do I transfer my non-Nicholas IRA account to a new Nicholas Family of Funds IRA?

Please print and complete the IRA Transfer Form and IRA Application and return the completed forms to the appropriate address

How do I transfer my non-Nicholas IRA account to an existing Nicholas Family of Funds IRA?

Please print and complete the IRA Transfer Form and return the completed form to the appropriate address

How do I change my beneficiary on my IRA?

Please print and complete the Change of Beneficiary Form and return the completed form to the appropriate address

How do I name a beneficiary to a non IRA account?

The Transfer on Death Designation (TOD) allows you to name a beneficiary to a non-IRA account.  
Print a Transfer on Death Designation Form and return the completed form to the appropriate address.

How do I pay my annual IRA maintenance fee so that it is not automatically deducted from my account?

Make your check payable to U.S. Bank. It should be mailed between January 1st and September 1st in the calendar year you wish to pay. The fee is $15.00 per account, capped at $30.00 per social security number. Reference your account number(s) for proper credit and mail to the appropriate address

How do I submit bank instructions (wire and EFT) for my account?

You may call U.S. Bancorp at (800) 544-6547 to have redemption proceeds, as well as dividend and capital gain distributions, electronically transferred or wired to your designated bank account. You may also print and return the completed Account Options Form to the appropriate address.

How do I gift shares to another party?

A gift of shares is designed to allow you to transfer, or gift, a specific dollar amount or number of shares to the recipient of your choice. Please call U.S. Bancorp at (800) 544-6547 to complete this transaction or complete the Gift of Shares Form and return the completed form to the appropriate address.

How do I make a redemption from my account?

Redemptions may be made by telephoning U.S. Bancorp at (800) 544-6547. Foreign callers may call collect (414) 765-4124. Account holders may redeem a maximum of $100,000 by telephone per business day. In order to process a redemption, you must have your account number and social security number available.  All redemptions placed prior to the close of the Market (4:00 p.m. Eastern), will be processed at that evening’s closing price.
Redemptions that exceed $100,000 must be done with a signature guaranteed letter of instruction, as do redemptions in which the proceeds will be sent somewhere other than the address of record. Please forward the signature guaranteed letter of instruction to the appropriate address.

How do I redeem my IRA?

Please call our Shareholder Services Department at (800) 544-6547 or complete the IRA Qualified Plan Distribution Request Form and return the completed form to the appropriate address.

How do I convert my traditional IRA to a Roth IRA?

Please call our Shareholder Services Department at (800) 544-6547 or complete an IRA Qualified Plan Distribution Request Form including a new IRA Applicaion and return the completed form to the appropriate address. The IRA Disclosure Statement provides greater details about converting to a Roth IRA.

How do I re-characterize my IRA?

Please complete the IRA Qualified Plan Distribution Request Form and return the completed form to the appropriate address.

How do I establish a required minimum distribution on my IRA account?

Please call our shareholder services department at (800) 544-6547 or complete the Required Minimum Distribution Form and return the completed form to the appropriate address.  This form will allow you to receive required minimum distributions from your IRA as frequently as you desire.  Also, consider having your systematic distribution electronically transferred to your bank account with our Account Options Form.

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The Nicholas Funds are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of any Nicholas Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. 

Please refer to each prospectus for important information about each investment company, including investment objectives, risks, charges and expenses. 

Mutual fund investing involves risk; principal loss is possible. Small- and medium-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the Funds in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. 

Past performance does not guarantee future results.

Diversification does not assure a profit nor protect against loss in a declining market.

Glossary of terms   |   Privacy & Security

Nicholas Funds are distributed by Quasar Distributors, LLC

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