Jacob Forward ETF
JFWD
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- MD United States of America
- IPO Date
- Jul 14, 2021
- CIK
- 0001090372
- Similar Companies
- Business
- Jacob Forward ETF (JFWD) is an actively managed exchange-traded fund that seeks long-term growth of capital by investing primarily in common stocks and other equity securities, including preferred stocks, rights, and warrants, of companies across all market capitalizations engaged in innovative and disruptive technologies, products, or services; the fund targets strong management teams leveraging technology for competitive advantages and superior growth potential, with significant exposure to the healthcare and information technology sectors; it maintains a non-diversified portfolio, primarily in U.S. companies but with up to 25% in foreign securities including emerging markets via depositary receipts or direct holdings, and may engage in securities lending for additional income. Launched in July 2021 and listed on NYSE Arca, Inc., the ETF is a series of Jacob Funds Inc., advised by Jacob Asset Management of New York LLC (headquartered in New York), with portfolio management led by Ryan I. Jacob and Darren Chervitz; it charges a unified management fee of 0.75% covering most operating expenses, targets growth companies with expanding margins and high free cash flow potential at reasonable valuations, and holds cash or high-quality short-term investments for liquidity. In recent portfolio activity during 2024, the fund added positions in Flutter Entertainment, an online gaming leader via its FanDuel stake, and Cartesian Therapeutics, developing mRNA therapies for autoimmune diseases; it distributed a dividend of $0.042 per share on December 6, 2024. Notably, in December 2024, the Board of Trustees of Jacob Funds Inc., upon recommendation from the adviser, approved the closure and liquidation of the fund effective after market close on December 23, 2024, with trading halted prior to market open that day, portfolio assets liquidated beforehand increasing cash holdings, and pro rata cash distributions to remaining shareholders thereafter, treated as taxable events reflecting closure costs in net asset value.