Jacob Forward ETF
SUMMARY
Jacob Funds manages almost $150M in three funds. Looking to package up their existing three active mutual funds that are only available to institutional investors and brokerages, Jacob Funds files for ETF that combines all three strategies:
- Internet
- Growth (micro cap)
- Small Cap
ANALYSIS
ETF launches will be an essential channel of distribution for existing asset managers who currently rely on brokerages and intermediary distributors, allowing them to reach retail investors directly. The direct retail channels are becoming more relevant as guerilla investors leverage technology and screen time to access markets and strategies previously only available to large institutional investors or gatekeepers. This is the start of the "filling out" of the long tail end of the ETF provider AUM, allowing small to mid-sized asset managers to collect assets much more democratically.
Ticker: TBD
Exchange: TBD
Expense ratio: TBD
Original filing date: March 15, 2021
Effective date: May 31, 2021
Listing Date: TBD
CUSIP: TBD
Active: Yes
Index / Benchmark: Not Applicable
Investment Objective:
Long-term growth of
capital.
Investment Strategy: Bottom up, tech focused, value and growth companies.
Stocks and equity securities with a bias towards information technology sector.
Up to 25% foreign companies.
Invest in companies based on analysis of their:
Management teams
Leverage of innovative technologies
Growth potential
Reasonable valuations
Combination of the investment strategies of their existing three funds:
- Jacob Internet Fund - JAMFX
- Jacob Small Cap Growth Fund - JSCGX (Class R) and JSIGX (Class I)
- Jacob Discovery Fund - JMCGX (Class R) and JMIGX (Class I)
https://www.jacobmutualfunds.com/investment-funds
Adviser: Jacob Asset Management of
New York LLC
Adminstrator: U.S. Bancorp Fund Services, LLC, doing business as
U.S. Bank Global Fund Services
Fund accountant: U.S. Bancorp Fund Services, LLC, doing business as
U.S. Bank Global Fund Services
Custodian: U.S. Bank National
Association
Distributor: Quasar Distributors,
LLC, a subsidiary of Foreside Financial Group, LLC,
Legal counsel: Stradley Ronon Stevens & Young, LLP
External accounting: TBD
Website (not active yet): www.jacobforwardetfs.com
Principal Investment Strategy
The Fund seeks to achieve its investment objective by investing in common stocks and other equity securities of companies of all sizes. The Fund maintains a diversified portfolio of investments consisting primarily of common stocks. The Fund may also invest in other equity securities, such as preferred stocks, rights, or warrants. The Fund may have significant exposure to the information technology sector.
The Fund invests in a broad group of companies, including many that are in their early stages of development. In researching securities for the Fund, the Adviser is seeking strong, forward-looking management teams that can leverage innovative technology to obtain sustainable competitive advantages in order to generate superior rates of growth. The Adviser’s overall stock selections are based on its qualitative and quantitative assessment of a company’s fundamental prospects, particularly a company’s potential for superior long-term growth of capital. It is the Adviser’s goal to maximize the growth potential of the Fund while also striving to acquire securities at reasonable valuations relative to their prospective growth rates.
The Adviser expects to invest the Fund’s net assets primarily in U.S. companies, but may gain exposure to foreign markets, including emerging markets, (i.e., those that are in the early stages of their industrial cycles), through the global operations of U.S. companies, by purchasing depositary receipts or securities of foreign companies traded on U.S. exchanges, or through direct investment in foreign companies. The Adviser currently does not expect to invest more than 25% of the Fund’s net assets directly in foreign companies.
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