Jacob Discovery Fund Investor Class
JMCGX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 727 2nd Street, #106 Hermosa Beach CA United States of America 90254
- IPO Date
- Apr 30, 2001
- CIK
- 0001090372
- Website
- jacobam.com
- Similar Companies
- Business
- Jacob Discovery Fund Investor Class (JMCGX) is an open-end mutual fund that seeks long-term growth of capital by investing at least 80% of its assets in equity securities of micro-capitalization companies, defined as those with market capitalizations less than or equal to $600 million or within the range of the Russell Microcap Growth Index at the time of purchase; it primarily targets under-researched, underappreciated smaller companies across diversified sectors including technology, healthcare, industrials, and consumer discretionary, with top holdings such as OptimizeRx Corp, Thunderbird Entertainment Group Inc, Powerfleet Inc, Usio Inc, and Harrow Inc representing approximately 25% of the portfolio. The fund employs a fundamental and quantitative investment process, focusing on companies with expanding profit margins, strong sales and earnings growth, capable management teams, competitive advantages, and reasonable valuations relative to growth potential; it benchmarks performance against the Russell Microcap Growth Index and Russell 2000 Growth Index, maintaining a portfolio of around 44 holdings with net assets of approximately $12.45 million, an expense ratio of 2.30%, and a turnover ratio of 20%. Managed by Jacob Asset Management of New York LLC since its inception in 2001 (with investor class shares launched around that period), the fund is headquartered in the United States and domiciled there, available to retail and institutional investors through broker channels with a minimum initial investment of $2,500 for Class R shares (JMCGX) and $100,000 for Class I shares (JMIGX); it imposes a 2% redemption fee on shares held less than 30 days and operates with a small-blend or small-growth style classification. The fund, part of the Jacob Funds family which includes the Jacob Internet Fund and Jacob Small Cap Growth Fund, is led by portfolio manager Darren Chervitz as Chief Portfolio Manager and Head of Research, with Ryan I. Jacob as a key figure in the adviser. No major acquisitions, partnerships, funding rounds, name changes, or strategic shifts specific to the fund or its manager have been reported in the last 1-2 years; portfolio adjustments continue through active management, such as ongoing position reviews and rebalancing based on risk/reward assessments, with recent performance reflecting quarterly returns including 5.62% for Q2 2025 year-to-date amid market volatility in microcap growth stocks.