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The Board of Trustees of Jacob Funds Inc., upon a recommendation from Jacob Asset Management, the investment adviser to the Jacob Forward ETF (the “Fund”), has determined to close and liquidate the Fund immediately after the close of business on December 23, 2024 (the “Liquidation Date”). Shares of the Fund are listed on the New York Stock Exchange Arca, Inc.

The Fund will begin liquidating its portfolio assets prior to the Liquidation Date. This will cause the Fund to increase its cash holdings and deviate from the investment objective and strategies stated in the Fund’s prospectus.

The Fund will no longer accept orders for new creation units after the close of business on the business day prior to the Liquidation Date, and trading in shares of the Fund will be halted prior to market open on the Liquidation Date. Prior to the Liquidation Date, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for the Fund’s shares during that time period. Customary brokerage charges may apply to such transactions.

On or about the Liquidation Date, the Fund will liquidate its assets and distribute cash pro rata to all remaining shareholders. These distributions are taxable events. Distributions made to shareholders should generally be treated as received in exchange for shares and will therefore generally give rise to a capital gain or loss depending on a shareholder’s tax basis. Shareholders should contact their tax advisor to discuss the income tax consequences of the liquidation. As calculated on the Liquidation Date, the Fund’s net asset value will reflect the costs of closing the Fund, if any. Once the distributions are complete, the Fund will terminate. Proceeds of the liquidation will be sent to shareholders promptly after the Liquidation Date.

Please contact the Fund at 1-888-522-6239 if you have any questions or need assistance.

 

 

 

JACOB FUNDS

  • 888-JACOB-FX (888-522-6249)

Please note that the Jacob Funds referred to in this website are offered and sold only to United States residents, and the information on this website is intended only for such people. The Fund is not offered for sale in countries other than the U.S. and its territories. This website should not be considered a solicitation to buy or an offer to sell shares of the Jacob Funds in any jurisdiction where it would be unlawful under the securities law of that jurisdiction.
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Important Risk Information

Carefully consider the Funds' investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found by downloading the Mutual Funds Prospectus or calling 888.522.6239 for a hard copy. Read the prospectus carefully before investing.

Important Risk Information

Investing involves risk, including possible loss of principal.

Investments made in smaller capitalized or unseasoned companies may be more volatile and less liquid due to limited resources or product lines and are more sensitive to economic factors. Investments in micro-capitalization companies may involve greater risks, as these companies tend to have limited product lines, markets and financial or managerial resources. Microcap stocks often also have a more limited trading market, such that the Adviser may not be able to sell stocks at an optimal time or price. In addition, less frequently-traded securities may be subject to more abrupt price movements than securities of larger capitalized companies. The risks of investing in foreign companies, including those located in emerging market countries, can increase the potential for losses in the Funds and may include currency fluctuations, political and economic instability, less government regulation, less publicly available information, limited trading markets, differences in financial reporting standards, including recordkeeping standards and less stringent regulation of securities markets.

The Internet Fund may invest in debt securities which typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. There are risks inherent in investing in the Internet area, particularly with respect to smaller capitalized companies and the high volatility of Internet stocks.

Please see the prospectus for details of these and other risks involved with investing in the Funds.

Diversification does not eliminate the risk of experiencing investment loss.

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