JAMFX Fees and Costs — Jacob Internet Fund, Investor Class
Data updated: 2026-10-14
The net expense ratio is 2.38%: a 1.25% management fee, a 0.25% 12b-1 fee plus 0.88% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $176K in broker commissions, 0.3617% of average net assets, and portfolio turnover was 58%.
JAMFX Fees and Expenses
Annual operating expenses and sales charges of JAMFX. Prospectus, as of January 5, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.88% |
| Gross expense ratio | 2.38% |
| Fee waiver | — |
| Net expense ratio | 2.38% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
JAMFX Costs Over Time
On $10,000 invested in JAMFX, assuming 5% a year before costs, total costs come to $1,656 over 5 years, cutting the return by 2.88% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 2.38%) | $250 | $766 | $1,304 |
| Trading costs (broker commissions) | $38 | $116 | $198 |
| Lost growth on money paid in costs | $0 | $44 | $154 |
| Total costs | $288 | $926 | $1,656 |
| Value after costs | $10,212 | $10,650 | $11,107 |
| Impact on return, per year | 2.88% | 2.88% | 2.88% |
JAMFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.3617%
- Total broker commissions: $176K
- Bought from dealers (principal trades, not a cost): $29.4M
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $37K (0.077% of average net assets)
JAMFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $159K | 90.25% |
| CRAIG-HALLUM CAPITAL GROUP LLC | $7K | 3.82% |
| Puma Capital, LLC | $3K | 1.50% |
| The Benchmark Company, LLC. | $2K | 1.27% |
| B. Riley Securities, Inc. | $2K | 1.27% |
| ROTH CAPITAL PARTNERS, LLC | $1K | 0.74% |
| NEEDHAM & COMPANY, LLC | $903 | 0.51% |
| CANTOR FITZGERALD & CO. | $506 | 0.29% |
| ISI Financial Group, Inc. | $384 | 0.22% |
| LAKE STREET CAPITAL MARKETS, LLC. | $240 | 0.14% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.