Jacob Discovery Fund
Fund
JMCGX
Price as of:
$22.10
+ $0.05
+ 0.23%
Primary Theme
fund company
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
2.3%
1 yr return
23.6%
3 Yr Avg Return
-19.1%
5 Yr Avg Return
6.6%
Net Assets
$15.5 M
Holdings in Top 10
58.4%
52 WEEK LOW AND HIGH
$22.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.54%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 32.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
JMCGX - Profile
Distributions
- YTD Total Return 2.3%
- 3 Yr Annualized Total Return -19.1%
- 5 Yr Annualized Total Return 6.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.74%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameJacob Discovery Fund
-
Fund Family NameJacob
-
Inception DateOct 16, 2012
-
Shares Outstanding1110082
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDarren Chervitz
Fund Description
The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in micro capitalization companies. Micro capitalization companies are defined as those companies with market capitalizations (share price multiplied by number of shares outstanding) of (1) less than or equal to $600 million; or (2) within the capitalization range of the Russell Micro Cap® Growth Index at the time of purchase. As of August 31, 2023, the market capitalization of the largest company in the Russell Micro Cap® Growth Index was approximately $3.99 billion, and the weighted average and median market capitalizations of the Russell Micro Cap® Growth Index were approximately $749 million and $170 million, respectively.
The Fund maintains a diversified portfolio of investments consisting primarily of common stocks. The Fund may also invest in other equity securities, such as preferred stocks, rights, or warrants. The Adviser expects to select investments for the Fund in companies across various industry groups.
The Adviser manages the Fund’s portfolio in an aggressive growth style. The Adviser believes that investments in micro capitalization companies can have greater earnings and sales growth potential than larger capitalized companies and can offer substantial opportunities for long-term growth of capital. The Adviser’s overall stock selections are based on its qualitative and quantitative assessment of a company’s fundamental prospects and whether it has an above-average potential for long-term growth of capital.
The Adviser expects to invest the Fund’s net assets primarily in U.S. companies, but may gain exposure to foreign markets, including emerging markets, through the global operations of U.S. companies, by purchasing depositary receipts or securities of foreign companies traded on U.S. exchanges, or through direct investment in foreign companies. The Adviser will not invest more than 25% of the Fund’s net assets directly in foreign companies. The Fund may have significant exposure to the health care sector.
The Fund intends to hold some cash, short-term debt obligations, government securities or other high-quality investments for reserves to cover redemptions and unanticipated expenses, or to maintain liquidity while seeking appropriate investments.
The Fund may lend its portfolio securities to seek to generate additional income.
JMCGX - Performance
Return Ranking - Trailing
| Period | JMCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.3% | -1.1% | 73.5% | 96.90% |
| 1 Yr | 23.6% | 13.1% | 65.5% | 80.11% |
| 3 Yr | -19.1%* | -21.6% | 56.4% | 98.70% |
| 5 Yr | 6.6%* | -3.1% | 46.4% | 77.91% |
| 10 Yr | 7.8%* | 1.6% | 24.6% | 73.97% |
* Annualized
Return Ranking - Calendar
| Period | JMCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.0% | -20.5% | 54.6% | 97.99% |
| 2022 | -41.8% | -82.1% | 32.2% | 92.04% |
| 2021 | 11.9% | -90.6% | 300.1% | 7.10% |
| 2020 | 61.4% | -63.0% | 127.9% | 3.68% |
| 2019 | 42.5% | -7.7% | 42.9% | 0.60% |
Total Return Ranking - Trailing
| Period | JMCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.3% | -1.1% | 73.5% | 96.90% |
| 1 Yr | 23.6% | 13.1% | 65.5% | 80.11% |
| 3 Yr | -19.1%* | -21.6% | 56.4% | 98.70% |
| 5 Yr | 6.6%* | -3.1% | 46.4% | 77.91% |
| 10 Yr | 7.8%* | 1.6% | 24.6% | 73.97% |
* Annualized
Total Return Ranking - Calendar
| Period | JMCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.0% | -19.0% | 136.8% | 98.72% |
| 2022 | -41.8% | -59.9% | 44.3% | 97.41% |
| 2021 | 14.3% | -22.7% | 411.9% | 34.21% |
| 2020 | 74.0% | 1.5% | 150.8% | 2.13% |
| 2019 | 42.5% | 5.5% | 55.3% | 1.39% |
NAV & Total Return History
JMCGX - Holdings
Concentration Analysis
| JMCGX | Category Low | Category High | JMCGX % Rank | |
|---|---|---|---|---|
| Net Assets | 15.5 M | 214 K | 34.3 B | 95.99% |
| Number of Holdings | 43 | 7 | 1226 | 91.97% |
| Net Assets in Top 10 | 9.06 M | 53.8 K | 3.24 B | 94.34% |
| Weighting of Top 10 | 58.38% | 7.5% | 100.0% | 3.66% |
Top 10 Holdings
- First American Government Obligations Fund 12.51%
- Thunderbird Entertainment Group Inc 5.98%
- Harrow Inc 5.92%
- Hudson Global Inc 5.62%
- Cantaloupe Inc 5.50%
- Powerfleet Inc NJ 5.18%
- Inspired Entertainment Inc 4.90%
- Solitario Resources Corp 4.41%
- BM Technologies Inc 4.35%
- CareDx Inc 4.02%
Asset Allocation
| Weighting | Return Low | Return High | JMCGX % Rank | |
|---|---|---|---|---|
| Stocks | 99.56% | 85.75% | 107.62% | 12.77% |
| Cash | 12.51% | 0.00% | 28.78% | 3.47% |
| Preferred Stocks | 0.07% | 0.00% | 4.63% | 12.77% |
| Other | 0.00% | -0.26% | 6.70% | 75.18% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 70.44% |
| Bonds | 0.00% | 0.00% | 3.83% | 70.44% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JMCGX % Rank | |
|---|---|---|---|---|
| Healthcare | 40.28% | 0.00% | 47.90% | 0.73% |
| Technology | 33.63% | 2.91% | 75.51% | 10.77% |
| Communication Services | 9.47% | 0.00% | 15.31% | 1.09% |
| Industrials | 6.93% | 0.00% | 36.64% | 96.35% |
| Basic Materials | 4.15% | 0.00% | 9.24% | 20.44% |
| Consumer Cyclical | 3.89% | 0.00% | 24.04% | 96.90% |
| Financial Services | 0.98% | 0.00% | 42.95% | 98.18% |
| Real Estate | 0.43% | 0.00% | 15.31% | 70.80% |
| Consumer Defense | 0.23% | 0.00% | 13.56% | 96.17% |
| Utilities | 0.00% | 0.00% | 5.57% | 78.28% |
| Energy | 0.00% | 0.00% | 55.49% | 91.79% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JMCGX % Rank | |
|---|---|---|---|---|
| US | 99.56% | 17.30% | 107.62% | 11.68% |
| Non US | 0.00% | 0.00% | 77.12% | 75.55% |
JMCGX - Expenses
Operational Fees
| JMCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.54% | 0.05% | 23.20% | 3.11% |
| Management Fee | 1.10% | 0.05% | 1.62% | 95.06% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 50.67% |
| Administrative Fee | N/A | 0.01% | 0.40% | 46.78% |
Sales Fees
| JMCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| JMCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 43.75% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| JMCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 32.00% | 3.00% | 264.00% | 23.75% |
JMCGX - Distributions
Dividend Yield Analysis
| JMCGX | Category Low | Category High | JMCGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 75.55% |
Dividend Distribution Analysis
| JMCGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| JMCGX | Category Low | Category High | JMCGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.74% | -2.47% | 1.10% | 96.31% |
Capital Gain Distribution Analysis
| JMCGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 08, 2021 | $0.800 | OrdinaryDividend |
| Dec 09, 2020 | $2.241 | OrdinaryDividend |
| Dec 18, 2015 | $1.439 | CapitalGainShortTerm |
| Dec 18, 2015 | $1.849 | CapitalGainLongTerm |
| Dec 19, 2014 | $0.119 | CapitalGainShortTerm |
| Dec 19, 2014 | $4.018 | CapitalGainLongTerm |
| Dec 27, 2013 | $3.677 | CapitalGainShortTerm |
| Dec 27, 2013 | $1.279 | CapitalGainLongTerm |
JMCGX - Fund Manager Analysis
Managers
Darren Chervitz
Start Date
Tenure
Tenure Rank
Oct 01, 2012
9.67
9.7%
Darren Chervitz is the Lead Portfolio Manager and Co-Portfolio Manager of Jacob Asset Management of New York LLC. He has served as the Director of Research for Jacob Asset Management of New York LLC since 1999. Prior to his employment with the Adviser, Mr. Chervitz was a financial editor and reporter for CBS MarketWatch from August 1996 to July 1999. Mr. Chervitz was also a technology stock analyst for ZDTV from August 1996 to July 1999.
Ryan Jacob
Start Date
Tenure
Tenure Rank
Oct 17, 2012
9.62
9.6%
Ryan I. Jacob is the Lead Portfolio Manager of Jacob Funds. Mr. Jacob is the founder and Chief Executive Officer of the Adviser, as well as President of Jacob Funds Inc.. Mr. Jacob served as Chief Portfolio Manager. Mr. Jacob also served as a financial analyst for Lepercq, de Neuflize & Co. Inc. from September 1998 to June 1999 and as an analyst for Horizon Asset Management from October 1994 through August 1998. Mr. Jacob also served as the Director of Research for IPO Value Monitor, an investment related research service from 1996 to August 1998. Previously, Mr. Jacob was an assistant portfolio manager in the private clients group at Bankers Trust from October 1992 through October 1994. Mr. Jacob, a graduate of Drexel University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.12 | 5.25 |