Long-term growth of capital with current income as a secondary objective.
Initial minimum investment of $2500. For IRA, UGMA, 401(k), other retirement accounts, and accounts establishing an Automatic Investment Plan, the minimum investment is $1000.
The Jacob Internet Fund seeks to provide its investors with above average total returns from a select group of companies within the Internet and technology sector that the Fund believes has significant growth potential. To achieve this goal, the Fund looks to own companies with, in their opinion, sustainable competitive advantages that may allow them to generate above average returns on capital over long periods of time. Furthermore, it strives to acquire the shares of these companies at reasonable prices. It is the Fund's goal that the financial rewards to the shareholder should reflect the company's strong economic performance.
There are specific risks inherent in investing in the Internet area, particularly with respect to smaller capitalized companies and the high volatility of internet stocks. Investments in foreign securities involve greater volatility and political, economic and currency risks, and differences in accounting methods.
Automatic Investment Plans do not assure a profit and do not protect against a loss in declining markets.