JMCGX Fees and Costs — Jacob Discovery Fund, Investor Class
Data updated: 2026-10-14
The net expense ratio is 2.30%: a 1.10% management fee, a 0.25% 12b-1 fee plus 1.79% other expenses, less a 0.84% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $72K in broker commissions, 0.4026% of average net assets, and portfolio turnover was 26%.
JMCGX Fees and Expenses
Annual operating expenses and sales charges of JMCGX. Prospectus, as of January 5, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.79% |
| Gross expense ratio | 3.14% |
| Fee waiver | −0.84% |
| Net expense ratio | 2.30% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
JMCGX Costs Over Time
On $10,000 invested in JMCGX, assuming 5% a year before costs, total costs come to $1,634 over 5 years, cutting the return by 2.84% 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 2.30%) | $242 | $740 | $1,261 |
| Trading costs (broker commissions) | $42 | $130 | $221 |
| Lost growth on money paid in costs | $0 | $44 | $152 |
| Total costs | $284 | $913 | $1,634 |
| Value after costs | $10,216 | $10,663 | $11,129 |
| Impact on return, per year | 2.84% | 2.84% | 2.84% |
JMCGX 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): 0.4026%
- Total broker commissions: $72K
- Bought from dealers (principal trades, not a cost): $17.7M
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $40K (0.220% of average net assets)
JMCGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $61K | 85.93% |
| CANTOR FITZGERALD & CO. | $3K | 3.61% |
| CRAIG-HALLUM CAPITAL GROUP LLC | $2K | 2.92% |
| ROTH CAPITAL PARTNERS, LLC | $2K | 2.46% |
| LAKE STREET CAPITAL MARKETS, LLC. | $1K | 2.08% |
| NEEDHAM & COMPANY, LLC | $950 | 1.34% |
| ISI Financial Group, Inc. | $690 | 0.97% |
| RBC CAPITAL MARKETS, LLC | $223 | 0.31% |
| The Benchmark Company, LLC. | $200 | 0.28% |
| Wedbush Securities, Inc. | $60 | 0.08% |
Jacob Discovery Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JMIGX | Institutional Class | 2.00% | none |
| JMCGX | Investor Class | 2.30% | none |
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.