As of September 30, 2024 |
For use with accredited investors only
Inception date = October 2, 2017
Past performance is not indicative of future results
Year to date
return
1-year
return
3-year
return
5-year
return
Since
inception
1-year distribution
rate
As of September 30, 2024 |
Inception date = October 2, 2017
1 yr | 3 yr | 5 yr | SI | |
---|---|---|---|---|
Variant | NICHX | 5.35% | 7.65% | 8.30% | 8.41% |
T-bills | BBG 1-3 Mo | 5.56% | 3.49% | 2.33% | 2.23% |
IG bonds | BBG Agg | 11.57% | -1.39% | 0.33% | 1.47% |
High yield | BBG HY | 15.74% | 3.10% | 4.72% | 4.71% |
Equity | S&P 500 | 36.33% | 11.89% | 15.96% | 14.48% |
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2017 | 0.12 | 0.19 | 0.42 | 0.73 | |||||||||
2018 | 0.63 | 0.31 | 0.11 | 0.48 | 0.62 | 0.87 | 0.84 | 0.44 | 0.47 | 0.64 | 0.87 | 0.74 | 7.26 |
2019 | 0.48 | 0.59 | 1.98 | 0.82 | 1.05 | 1.07 | 1.35 | 1.07 | 0.52 | 0.76 | 0.64 | 1.24 | 12.22 |
2020 | 1.17 | 0.48 | -0.50 | -0.27 | 0.87 | 0.34 | 0.76 | 0.08 | 0.56 | 0.72 | 0.45 | 1.06 | 5.87 |
2021 | 1.10 | 0.94 | 0.92 | 0.90 | 1.59 | 0.96 | 1.72 | 0.72 | 0.65 | 0.72 | 0.72 | 0.72 | 12.29 |
2022 | 0.68 | 0.60 | 0.72 | 0.86 | 0.49 | 0.63 | 0.57 | 0.88 | 0.77 | 0.81 | 0.49 | 0.89 | 8.71 |
2023 | 0.77 | 0.69 | 0.61 | 0.59 | 0.76 | 0.71 | 0.93 | 0.58 | 0.76 | 0.82 | 0.78 | 1.09 | 9.50 |
2024 | 0.60 | 0.67 | 0.91 | 0.81 | -3.19 | 0.78 | 0.81 | 0.58 | 0.63 | 2.56 |
NICHX | BBG Agg | BBG HY | S&P 500 | |
---|---|---|---|---|
Q417 | 0.73 | 0.39 | 0.47 | 6.64 |
2018 | 7.26 | 0.01 | -2.08 | -4.39 |
2019 | 12.22 | 8.72 | 14.32 | 31.48 |
2020 | 5.87 | 7.51 | 7.11 | 18.39 |
2021 | 12.29 | -1.54 | 5.28 | 28.68 |
2022 | 8.71 | -13.01 | -11.19 | -18.13 |
2023 | 9.50 | 5.53 | 13.45 | 26.26 |
2024 | 2.56 | 4.45 | 8.00 | 22.08 |
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Returns assume reinvestment of dividends and capital gains.
As of September 30, 2024 |
Fund structure | Interval closed-end fund |
Fund assets | $2,831 million |
Qualifications | Accredited Investor |
Subscriptions / NAV | Daily |
Redemptions | Qtrly 5% of Fund NAV |
Management fee | 0.95% |
Share class | Institutional |
Ticker / CUSIP | NICHX / 92220Q103 |
Fund launch | October 1, 2018 |
Min. investment | $1,000,000 (Firm level) |
Gross expense ratio | 1.72% |
Net expense ratio | 1.72% |
Administrator | UMB Fund Services |
Counsel | Faegre Drinker |
Auditor | Cohen & Company |
Distributor | UMB Distribution Services, LLC |
Distributions | Quarterly |
Tax reporting | 1099 |