Fund Evaluator:
Jacob Small Cap Growth Investor (JSCGX)
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Best Performing in Small Growth Over the Last Year
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Fund Details
Jacob Small Cap Growth Investor Overview
Jacob Small Cap Growth Investor (JSCGX) is an actively managed U.S. Equity Small Growth fund. Jacob launched the fund in 2010.
The investment seeks long-term growth of capital. Under normal circumstances, at least 80% of its assets in small capitalization companies. Small capitalization companies are defined as those companies with market capitalizations (share price multiplied by number of shares outstanding) within the capitalization range of the Russell 2000® Growth Index at the time of purchase. The Adviser manages the fund's portfolio in an aggressive growth style. It will not invest more than 25% of the fund's net assets directly in foreign companies.
About Jacob Small Cap Growth Investor (JSCGX)
There are 2 members of the management team with an average tenure of 15.09 years: Darren Chervitz (2012), Ryan Jacob (2010). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bloomberg US 2000 Growth TR USD index with a weighting of 100%. Jacob Small Cap Growth Investor has 32 securities in its portfolio. The top 10 holdings constitute 50.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Jacob Small Cap Growth Investor is part of the Equity global asset class and is within the U.S. Equity fund group. Jacob Small Cap Growth Investor has 6.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.2%. There is 6.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Jacob Small Cap Growth Investor has -1.7% of the portfolio in cash.
Assets Under Management
The fund has $3 million in total assets, which is below the $454 million average for the Small Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
JSCGX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Jacob Small Cap Growth Investor expense ratio is high compared to funds in the Small Growth category. Jacob Small Cap Growth Investor has an expense ratio of 3.22%, which is 174% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Jacob Small Cap Growth Investor has a portfolio turnover rate of 58%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 76% for the Small Growth category.
Recently, in the month of June 2026, Jacob Small Cap Growth Investor returned -3.4%, which earned it a grade of F, as the Small Growth category had an average return of 6.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Jacob Small Cap Growth Investor has a trailing yield of 0.00%, which is below the 0.07% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Jacob Small Cap Growth Investor Grades
Year to date, the fund has returned -23.3%, 45.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 5.5% over the past year (grade of F), 9.7% over the past three years (grade of F) and -9.8% per year over the past five years (grade of F) and 7.9% per year over the past 10 years (grade of F).
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JSCGX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JSCGX Return (NAV) | -3.4% | 5.7% | 5.5% | 9.7% | -9.8% | 7.9% |
| JSCGX Grade | F | F | F | F | F | F |
| +/- Category | -9.9% | -18.9% | -28.2% | -6.7% | -14.4% | -4.6% |
| Small Growth Avg | 6.5% | 24.7% | 33.7% | 16.4% | 4.6% | 12.5% |
| JSCGX Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.8% | 1.0% |
JSCGX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JSCGX Return (NAV) | -23.3% | 41.7% | 12.9% | 18.7% | -50.4% | -0.9% | 61.7% | 20.0% | 8.3% | 20.6% | 6.3% |
| JSCGX Grade | F | A | C | B | F | F | A | F | A | D | D |
| +/- Category | -45.4% | 33.6% | -2.6% | 2.0% | -22.4% | -11.4% | 19.9% | -9.9% | 12.4% | -3.5% | -3.9% |
| Small Growth Avg | 22.1% | 8.0% | 15.5% | 16.7% | -27.9% | 10.5% | 41.8% | 29.9% | -4.1% | 24.1% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 31.6% |
| Total Risk Index: | 2.60 - High |
| Category Risk Index: | 1.58 - High |
| Category Risk Grade: | F (100% Rank) |
| Beta: | 1.78 |
| R-Squared: | 54% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $7 Mil |
| Fund Total Assets: | $ 3 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 58% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 16.4 years | |||
| Average Tenure: 15.1 years | |||
| Managers (Year): Jacob Ryan (2010), Chervitz Darren (2012) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 32 |
| % in Top 10 Holdings: | 50.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 6.5% |
Portfolio Allocation |
|
| Domestic Stock: | 95.2% |
| Foreign Stock: | 6.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -1.7% |
Purchase Information
| Fund Family: | Jacob |
| Phone Number: | 888-522-6239 |
| Website: | www.jacobinternet.com |
| Status: | Open |
| Inception Date: | February 1, 2010 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 3.22% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.18% |
| Share Class: | Jacob Small Cap Growth Investor |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
