From David Nicholas

Our country and industry are facing unprecedented circumstances which are challenging the normalcy of our personal and professional lives. The federal, state and local government agencies have taken extraordinary steps in an attempt to contain the spread of the COVID-19 virus.  The restrictions have caused Nicholas Company and other firms to take action to ensure the continuity of our investment process and business operations.  Our continuity protocols have dictated that some staff move to remote sites to ensure appropriate redundancy. As the virus began to spread in the U.S., Nicholas responded in an effective manner with business continuing to operate as we expected. We continue to monitor and adjust to the circumstances. 

The virus has had a significant impact on the market over the past several weeks. Our investment staff remains diligent in monitoring the positions in our portfolios and in looking for opportunities. The core of our investment philosophy built over 50 years is based on identifying companies that we believe have a strategic advantage while offering a long-term growth opportunity. We continue to hold what we believe are great companies and are judiciously adding to those that now trade at attractive valuations. It will take time, but we believe the market will eventually stabilize and begin the rebuilding process. As we reach that point there will be significant opportunity for the patient and disciplined investor.   

Please take appropriate steps to keep you and your family healthy and safe.  Thank you for your continued confidence in Nicholas Company. 

 

David O. Nicholas

Portfolio Manager, President and CEO

Nicholas Company, Inc.

 

 

 

 

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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.

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Nicholas Funds are distributed by Quasar Distributors, LLC

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