JMCRX Performance — James Micro Cap Fund
Data updated: 2026-09-11
JMCRX returned +21.09% year to date and +30.26% over one year to Jun 2026. Annualised returns are +19.77% over 3 years and +11.67% over 5 years. Against its US Small Value category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $172, against $153 for the category, and to $130 over one year, against $131. Volatility over the past three years was 19.61% a year. In the 12 months to Jun 2026 the fund lost a net $1.5M, and assets reached $32.84M.
JMCRX Growth of $100
What $100 invested in James Micro Cap Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | JMCRX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $130 | $131 |
| 3 years (Jul 2023 – Jun 2026) | $172 | $153 |
| 5 years (Jul 2021 – Jun 2026) | $174 | $149 |
| Since data start (Jul 2019 – Jun 2026) | $221 | $213 |
JMCRX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +21.09% |
| 1 year | +30.26% |
| 3 years (annualised) | +19.77% |
| 5 years (annualised) | +11.67% |
JMCRX Annual Returns
Calendar-year total returns of James Micro Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +21.09% |
| 2025 | +4.37% |
| 2024 | +5.96% |
| 2023 | +42.76% |
| 2022 | −17.30% |
| 2021 | +36.23% |
| 2020 | −4.21% |
| 2019 (Jul–Dec) | +7.35% |
JMCRX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +6.8% | +0.9% | −1.5% | +7.7% | −0.9% | +6.9% | — | — | — | — | — | — |
| 2025 | +3.2% | −7.5% | −5.8% | −3.2% | +4.6% | +6.5% | −1.3% | +8.9% | −1.1% | −3.4% | +3.4% | +1.4% |
| 2024 | −2.7% | +3.0% | +3.6% | −5.7% | +5.6% | −1.7% | +12.2% | −1.2% | −0.7% | −6.7% | +10.2% | −8.0% |
| 2023 | +8.5% | +1.1% | −4.1% | −2.5% | +0.6% | +7.9% | +7.6% | −2.3% | −3.8% | +4.0% | +8.6% | +12.3% |
| 2022 | −9.2% | +0.1% | −1.8% | −5.6% | +3.2% | −8.4% | +10.3% | −4.1% | −10.4% | +9.2% | +6.8% | −6.0% |
| 2021 | +1.4% | +11.4% | +5.7% | +3.5% | +2.8% | −2.4% | −3.4% | +2.4% | −0.3% | +4.8% | +0.6% | +5.7% |
| 2020 | −4.7% | −11.6% | −25.5% | +14.2% | +4.3% | +2.8% | +1.1% | +3.6% | −3.2% | +0.9% | +13.8% | +7.1% |
| 2019 | — | — | — | — | — | — | +1.5% | −2.7% | +3.1% | +2.0% | +1.1% | +2.2% |
JMCRX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 19.61%
- 3-year Sharpe ratio: 0.78 (vs 4.5% risk-free rate)
- Best month: +12.32% (Dec 2023)
- Worst month: −7.97% (Dec 2024)
JMCRX Fund Flows
Monthly money in and out of James Micro Cap Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.5M
- 12-month gross sales (incl. reinvestments): $854K
- Sales ÷ redemptions: 0.37×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $6K | $3K | $3K |
| May 2026 | $32K | $7K | $25K |
| Apr 2026 | $70K | $20K | $50K |
| Mar 2026 | $26K | $87K | −$61K |
| Feb 2026 | $187K | $86K | $101K |
| Jan 2026 | $67K | $55K | $12K |
| Dec 2025 | $386K | $405K | −$19K |
| Nov 2025 | $29K | $544K | −$515K |
| Oct 2025 | $5K | $202K | −$197K |
| Sep 2025 | $35K | $145K | −$110K |
| Aug 2025 | $6K | $607K | −$601K |
| Jul 2025 | $4K | $150K | −$146K |
JMCRX Assets Under Management
Net assets of James Micro Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $32.84M |
| 2026-03-31 | $28.71M |
| 2025-12-31 | $27.00M |
| 2025-09-30 | $27.69M |
| 2025-06-30 | $26.89M |
| 2025-03-31 | $25.33M |
| 2024-12-31 | $28.36M |
| 2024-09-30 | $30.40M |
| 2024-06-30 | $27.61M |
| 2024-03-31 | $27.96M |
| 2023-12-31 | $26.57M |
| 2023-09-30 | $23.00M |
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.