# Jacob Discovery Fund Investor Class (JMCGX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/jmcgx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Passive Index · Inception: 2001-04-30 This fund's primary goal is achieved by investing a minimum of 80% of its portfolio, under standard market conditions, in companies categorized as micro-capitalization. These micro-cap firms are specifically identified by one of two criteria: their total market value—derived from multiplying the share price by the number of shares outstanding—must either be (1) $600 million or less, or (2) fall within the defined market value parameters of the Russell Micro Cap® Growth Index at the time the investment is made. ## Key Facts | Metric | Value | |---|---| | Price | $28.87 | | Expense Ratio | 2.30% | | Assets Under Management | $19.1M | | NAV | $28.87 | | Holdings Count | — | | Distribution Yield (TTM) | 0.45% | | Annual Distribution (TTM) | $0.13 /share | | Distribution Frequency | Irregular | | 52-Week Range | $26.63 – $32.97 | | Beta | 1.39 | ## Latest Distribution - Amount: $0.1304 /share - Ex-date: 2025-12-08 - Pay date: 2025-12-08 ## Frequently Asked Questions ### What does JMCGX invest in? This fund's primary goal is achieved by investing a minimum of 80% of its portfolio, under standard market conditions, in companies categorized as micro-capitalization. These micro-cap firms are specifically identified by one of two criteria: their total market value—derived from multiplying the share price by the number of shares outstanding—must either be (1) $600 million or less, or (2) fall within the defined market value parameters of the Russell Micro Cap® Growth Index at the time the investment is made. ### What is the expense ratio of JMCGX? Jacob Discovery Fund Investor Class (JMCGX) charges an expense ratio of 2.30%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is JMCGX? Jacob Discovery Fund Investor Class (JMCGX) manages $19.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is JMCGX actively managed or an index fund? JMCGX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (JMCGX's is 2.30%) because there's no security selection cost. ### When was JMCGX launched? Jacob Discovery Fund Investor Class (JMCGX) launched in April 2001 and is managed by the fund issuer. ### How has JMCGX performed? JMCGX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does JMCGX pay a dividend? Jacob Discovery Fund Investor Class (JMCGX) currently distributes little or no income. Trailing-twelve-month yield is 0.45%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does JMCGX pay dividends? Jacob Discovery Fund Investor Class pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is JMCGX's dividend yield? JMCGX's trailing-twelve-month yield is 0.45%, calculated from the sum of dividends over the past year divided by the current price. ### When is JMCGX's next ex-dividend date? The most recently announced ex-dividend date for JMCGX was 2025-12-08. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will JMCGX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.30% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does JMCGX charge its expense ratio? The expense ratio is deducted in tiny daily slices from JMCGX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does JMCGX cost more than a fund like VOO? JMCGX is a passive index fund (current expense ratio 2.30%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to JMCGX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as JMCGX (2.30%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/jmcgx - Distribution history: https://www.dividenddata.com/funds/jmcgx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/jmcgx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/jmcgx/expenses - Peer comparison: https://www.dividenddata.com/funds/jmcgx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.