Small Growth
Long-term growth of capital.
Initial minimum investment of $2500. For IRA, UGMA, 401(k), other retirement accounts, and accounts establishing an Automatic Investment Plan, the minimum investment is $1000.
The Jacob Small Cap Growth Fund seeks to provide its investors with above average total returns from a broad group of small capitalization companies that are early in their development and that the Fund believes have significant growth potential. To achieve this goal, the Fund looks to own companies with, in their opinion, sustainable competitive advantages that may allow them to generate above average returns on capital over long periods of time. Furthermore, it strives to acquire the shares of these companies at reasonable prices. It is the Fund’s goal that the financial rewards to the shareholder should reflect the company’s strong economic performance.
The portfolio managers follow a three-step process to identify and monitor the Fund's investments:
The first step in our investment process is to narrow down the seemingly infinite universe of possibilities and to focus on what we feel are the most attractive opportunities. Accomplishing this step is no easy task. It requires countless hours of research - scouring the Web, reading analyst reports, running quantitative screens, attending conferences, speaking to executives - all in an attempt to find those relatively rare nuggets worth looking into more closely. Sometimes those nuggets are individual companies, and sometimes they are broader themes that can open up a wide range of potential investments.
Once we find an intriguing investment idea, we then deploy a thorough qualitative and quantitative review process to determine if the opportunity is as attractive as it appears and can be had at a fair price. Very few of our ideas that we uncover end up being part of our concentrated portfolios.
Ideally, we are looking for companies that operate in large markets in which there are significant barriers to entry, enjoy what we believe is a strong competitive position with growing market share, and boast capable management teams with proven track records. We want the companies to have unique assets - such as proprietary technologies or unusually loyal customers - with the possibility that positive near-term catalysts could drive the value of our investment higher.
If everything looks good qualitatively, we turn our focus to valuation. We evaluate many different quantitative criteria including cash flows, income statement and balance sheet items. We determine what a company is likely to generate in sales and profits for the coming years and then, using several different metrics, calculate a fair valuation based on those estimates.
Of course, we also consider the biggest risks to each company's outlook and gauge the likelihood that these potential pitfalls could derail the investment thesis.
Once we add an investment to one of our portfolios, we continue to monitor the position closely, making sure that our original analysis remains valid. We will often rebalance or potentially exit a position if the risk/reward ratio for the investment changes materially. We also conduct detailed portfolio reviews on a regular basis.
The Fund invests in smaller companies, which involve additional risks, such as limited liquidity and greater volatility. Investments in foreign securities involve greater volatility and political, economic and currency risks, and differences in accounting methods.
Automatic Investment Plans do not assure a profit and do not protect against a loss in declining markets.
Cash flow measures the cash generating capability of a company by adding non-cash charges (e.g. depreciation) and interest expense to pretax income.
Click here to view Pinebridge Small Cap Growth Class I 8937 form.
Click here to view Pinebridge Small Cap Growth Class R 8937 form.
Click here to view Jacob Wisdom Fund Class I 8937 form.
| Total Returns as of Quarter-End (09/30/2024) | |||||||
|---|---|---|---|---|---|---|---|
| Quarter | YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception* | |
| Jacob Small Cap Growth Fund (Class R) | 7.47% | 2.18% | 32.70% | -17.93% | 2.39% | 3.75% | 6.38% |
| Jacob Small Cap Growth Fund (Class I) | 7.50% | 2.36% | 33.02% | -17.69% | 2.68% | 4.04% | 6.44% |
| S&P 500 Index | 5.89% | 22.08% | 36.35% | 11.91% | 15.98% | 13.38% | 14.21% |
| Russell 2000 Growth Index | 8.41% | 13.22% | 27.66% | -0.35% | 8.82% | 8.95% | 11.31% |
*Inception Date: 2/1/2010 Investor Shares (Class R) Expense Ratio: 1.97%
*Inception Date: 11/12/2012 Institutional Shares (Class I) Expense Ratio: 1.84%
Performance data quoted represents past performance; past performance does not guarantee future results. The 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 of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 888-522-6939.
The fund imposes a 2.00% redemption fee on shares held less than 30 days. Performance data does not reflect the redemption fee. If reflected, returns would be lower. The fund imposes neither a maximum sales charge on purchases nor a maximum deferred sales charge.
The Fund invests in smaller companies, which involve additional risks, such as limited liquidity and greater volatility. Investments in foreign securities involve greater volatility and political, economic and currency risks, and differences in accounting methods.
Automatic Investment Plans do not assure a profit and do not protect against a loss in declining markets.
Cash flow measures the total amount of money being transferred into and out of a business, especially as affecting liquidity.
The Russell 2000 Growth Index measures the performance of those Russell 2000 companies with higher price-to-book ratios and higher forecasted growth values. You cannot invest directly in an index.
Click here to view Pinebridge Small Cap Growth Class I 8937 form.
Click here to view Pinebridge Small Cap Growth Class R 8937 form.
Click here to view Jacob Wisdom Fund Class I 8937 form.
Fund Holdings as of August 30, 2024
| Company | Symbol | Market Value | Shares | % Net Assets |
|---|---|---|---|---|
| Harrow Inc | HROW | $623,650.44 | 15414 | 8.90% |
| CareDx Inc | CDNA | $596,684.41 | 19417 | 8.52% |
| Doximity Inc | DOCS | $404,580.00 | 11000 | 5.78% |
| Inspired Entertainment Inc | INSE | $357,515.76 | 39592 | 5.10% |
| Cantaloupe Inc | CTLP | $343,017.48 | 49569 | 4.90% |
| Thunderbird Entertainment Group Inc | THBRF | $341,550.00 | 230000 | 4.88% |
| Zillow Group Inc | Z | $329,035.00 | 5950 | 4.70% |
| Heron Therapeutics Inc | HRTX | $280,037.21 | 145097 | 4.00% |
| OptimizeRx Corp | OPRX | $260,393.85 | 31335 | 3.72% |
| Esperion Therapeutics Inc | ESPR | $254,370.00 | 139000 | 3.63% |
| Porch Group Inc | PRCH | $250,256.16 | 173789 | 3.57% |
| Braze Inc | BRZE | $223,900.00 | 5000 | 3.20% |
| Phreesia Inc | PHR | $208,251.00 | 8100 | 2.97% |
| Alphatec Holdings Inc | ATEC | $207,434.70 | 30063 | 2.96% |
| Krystal Biotech Inc | KRYS | $189,656.64 | 972 | 2.71% |
| Nextdoor Holdings Inc | KIND | $171,000.00 | 68400 | 2.44% |
| Confluent Inc | CFLT | $169,760.00 | 8000 | 2.42% |
| Digital Turbine Inc | APPS | $159,219.34 | 49447 | 2.27% |
| Tela Bio Inc | TELA | $154,280.00 | 53200 | 2.20% |
| Identiv Inc | INVE | $146,730.00 | 43800 | 2.09% |
| WM Technology Inc | MAPS | $133,649.14 | 135081 | 1.91% |
| Codexis Inc | CDXS | $133,072.94 | 46046 | 1.90% |
| Precision BioSciences Inc | DTIL | $125,740.16 | 11557 | 1.79% |
| SoFi Technologies Inc | SOFI | $123,046.00 | 15400 | 1.76% |
| Immersion Corp | IMMR | $110,835.40 | 11791 | 1.58% |
| Autohome Inc | ATHM | $110,704.00 | 4400 | 1.58% |
| Zhihu Inc | ZH | $95,990.00 | 29000 | 1.37% |
| HUYA Inc | HUYA | $87,570.00 | 21000 | 1.25% |
| Ideaya Biosciences Inc | IDYA | $84,885.50 | 2149 | 1.21% |
| Impinj Inc | PI | $72,955.40 | 434 | 1.04% |
| Beam Therapeutics Inc | BEAM | $69,368.00 | 2600 | 0.99% |
| Celcuity Inc | CELC | $60,648.00 | 3800 | 0.87% |
| Cartesian Therapeutics Inc | RNAC | $58,632.00 | 4200 | 0.84% |
| Arcturus Therapeutics Holdings Inc | ARCT | $48,108.00 | 2280 | 0.69% |
| CRISPR Therapeutics AG | CRSP | $47,720.00 | 1000 | 0.68% |
Fund holdings and sector allocations are subject to change and are not a recommendation to buy or sell any security.
By clicking on the company names, you will be leaving the Jacob Funds website and will be entering a third-party website. Jacob Funds is not responsible for, nor can guarantee, the accuracy of any information contained on a third party site.
The Fund invests in smaller companies, which involve additional risks, such as limited liquidity and greater volatility. Investments in foreign securities involve greater volatility and political, economic and currency risks, and differences in accounting methods.
Automatic Investment Plans do not assure a profit and do not protect against a loss in declining markets.
Cash flow measures the total amount of money being transferred into and out of a business, especially as affecting liquidity.
Click here to view Pinebridge Small Cap Growth Class I 8937 form.
Click here to view Pinebridge Small Cap Growth Class R 8937 form.
Click here to view Jacob Wisdom Fund Class I 8937 form.
Please refer to the linked fund fact sheet for a current breakdown of the fund's sector allocation.
Sectors as of August 31, 2017
| Sector Name | % |
|---|---|
| Common Stocks | 95.7 |
| Money Market Fund | 3.6 |
| Other Assets in Excess of Liabilities | 0.7 |
Fund holdings and sector allocations are subject to change and are not a recommendation to buy or sell any security.
The Fund invests in smaller companies, which involve additional risks, such as limited liquidity and greater volatility. Investments in foreign securities involve greater volatility and political, economic and currency risks, and differences in accounting methods.
Automatic Investment Plans do not assure a profit and do not protect against a loss in declining markets.
Cash flow measures the total amount of money being transferred into and out of a business, especially as affecting liquidity.
Click here to view Pinebridge Small Cap Growth Class I 8937 form.
Click here to view Pinebridge Small Cap Growth Class R 8937 form.
Click here to view Jacob Wisdom Fund Class I 8937 form.