Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. The Fund strives to increase the value of your investment over the long-term (long-term growth).
Strategy. To pursue the Funds investment objective of long-term growth, it primarily invests in common stocks of domestic corporations with medium-sized market capitalizations believed to have growth potential. The Fund believes a companys annual sales volume and the market capitalization (the number of shares outstanding multiplied by the per share price) are the factors most illustrative of a companys size. In distinguishing company size in terms of sales volume, the Fund considers a companys sales volume relative to peer companies in the companys industry. In terms of market capitalization, the Fund generally considers companies with market capitalizations within the range of the Russell 2000 Index as small, within the range of the Russell Midcap Index as medium, and within the range … To pursue the Funds investment objective of long-term growth, it primarily invests in common stocks of domestic corporations with medium-sized market capitalizations believed to have growth potential. The Fund believes a companys annual sales volume and the market capitalization (the number of shares outstanding multiplied by the per share price) are the factors most illustrative of a companys size. In distinguishing company size in terms of sales volume, the Fund considers a companys sales volume relative to peer companies in the companys industry. In terms of market capitalization, the Fund generally considers companies with market capitalizations within the range of the Russell 2000 Index as small, within the range of the Russell Midcap Index as medium, and within the range of the Standard & Poors 500 Index as large. To a lesser extent, the Fund may invest in companies with small and large market capitalizations. The Fund looks for established companies with the potential for superior growth in sales and earnings in a diversified group of industries. The Funds investment philosophy is basically a long-term growth philosophy, based upon the assumption that if a company achieves superior growth in sales and earnings, eventually the companys stock will achieve superior performance. It is anticipated that a major portion of the Funds portfolio will be invested in common stocks of the types of companies, and in the manner, as described above.
Top holdings
As of April 30, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| LATTICE SEMICONDUCTOR CORP | — | $31.76M | 3.61% |
| TELEDYNE TECHNOLOGIES INC | — | $25.56M | 2.90% |
| AMETEK INC NEW | — | $25.43M | 2.89% |
| MICROCHIP TECHNOLOGY | — | $22.71M | 2.58% |
| O'REILLY AUTOMOTIVE INC | — | $22.07M | 2.51% |
| CORPAY INC | — | $21.49M | 2.44% |
| NORDSON CORP | — | $21.44M | 2.43% |
| CBRE GROUP INC - CL A | — | $20.23M | 2.30% |
| VULCAN MATERIALS CO | — | $20.21M | 2.30% |
| IDEX CORPORATION | — | $20.14M | 2.29% |
Portfolio moves
Jan 31, 2026 → Apr 30, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Empower T. Rowe Price Mid Cap Growth Fund · MXMGX, MXYKX | 26% | 0.66% |
| T. Rowe Price Mid-Cap Growth Fund, Inc. · RPMGX, PAMCX, RRMGX, RPTIX, TRQZX | 25% | 0.00% |
| JNL/T. Rowe Price Mid-Cap Growth Fund | 25% | 0.68% |
Advisers
| Firm | Role |
|---|---|
| Nicholas Company, Inc. | Adviser |
Footnotes
- Expense ratio as of January 28, 2026, from the fund's prospectus.
- Net assets and holdings count as of April 30, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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