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INVESTMENT PROCESS

OUR APPROACH

The portfolio managers follow a three-step process to identify and monitor the Funds’ investments:

Find

The first step is to narrow the seemingly infinite universe of possibilities and to focus on what Jacob Asset Management feels are the most attractive investment opportunities. This requires considerable research time – 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.

Filter

With each intriguing investment idea, JAM deploys a thorough qualitative and quantitative review process to determine the attractiveness of the opportunity. Ideally, JAM looks for companies that play in large markets with significant barriers to entry, hold a strong competitive position with growing market share, and have capable management teams with proven track records. JAM values unique assets – such as proprietary technologies or unusually loyal customers – with the possibility that positive near-term catalysts could drive the value of the investment.

The team then turns their focus to valuation and evaluates many different quantitative criteria. JAM estimates what a company is likely to generate in sales and profits for the coming years and then, using several different metrics, calculates a fair valuation.

Follow-Up

Once JAM adds an investment to one of the portfolios, the team continues to monitor the position closely, making sure that the original analysis remains valid. JAM will often rebalance or potentially exit a position if the risk/reward ratio for the investment changes materially.

portfolio

JACOB FUNDS




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 it 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.

Each fund's investment objectives, risks, charges, expenses and other information are described in the prospectuses, which must be read and considered carefully before investing. You may download the prospectus or obtain a hard copy by calling 888-522-6239.

Mutual fund investing involves risk. Principal loss is possible.

There are risks inherent in investing in the Internet area, particularly with respect to smaller capitalized companies and the high volatility of internet stocks. Small- and Medium capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. 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.

Jacob Funds are distributed by Quasar Distributors, LLC.