0000894189-13-000268.txt : 20130122 0000894189-13-000268.hdr.sgml : 20130121 20130122145624 ACCESSION NUMBER: 0000894189-13-000268 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130122 DATE AS OF CHANGE: 20130122 EFFECTIVENESS DATE: 20130122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Jacob Funds Inc. CENTRAL INDEX KEY: 0001090372 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-82865 FILM NUMBER: 13540039 BUSINESS ADDRESS: STREET 1: 653 MANHATTAN BEACH BLVD. CITY: MANHATTAN BEACH STATE: CA ZIP: 90266 BUSINESS PHONE: 310-421-4942 MAIL ADDRESS: STREET 1: 653 MANHATTAN BEACH BLVD. CITY: MANHATTAN BEACH STATE: CA ZIP: 90266 FORMER COMPANY: FORMER CONFORMED NAME: JACOB INTERNET FUND INC DATE OF NAME CHANGE: 20060106 FORMER COMPANY: FORMER CONFORMED NAME: JACOB INTERNET FUND DATE OF NAME CHANGE: 20060106 FORMER COMPANY: FORMER CONFORMED NAME: JACOB INTERNET FUND INC DATE OF NAME CHANGE: 19990713 0001090372 S000005257 Jacob Internet Fund C000014360 Investor Class JAMFX 0001090372 S000027365 Jacob Small Cap Growth Fund C000082574 Investor Class JSCGX C000119840 Institutional Class JSIGX 0001090372 S000027366 Jacob Wisdom Fund C000082575 Investor Class JWSFX 497 1 jacob_497c-xbrl.htm DEFINITIVE MATERIALS FOR XBRL jacob_497c-xbrl.htm

Filed Pursuant to Rule 497(c)
1933 Act File No. 333-82865
1940 Act File No. 811-09447


 
Jacob Funds Inc.

 
January 22, 2013


On behalf Jacob Internet Fund, Jacob Small Cap Growth Fund, and Jacob Wisdom Fund, each a series of Jacob Funds Inc. (the “Funds”), and pursuant to Rule 497(c) under the Securities Act of 1933, as amended, (the “Securities Act”), the purpose of this filing is to submit an interactive data file in the manner provided by Rule 405 of Regulation S-T and General Instruction C.3.(g) of Form N-1A.  The interactive data file included as an exhibit to this filing relates to the form of prospectus filed with the Securities and Exchange Commission on behalf of the Funds pursuant to Rule 497(c) under the Securities Act on January 4, 2013; such form of Supplement (accession number 0001450791-13-000005) is incorporated by reference into this Rule 497 Document.

The XBRL exhibits attached hereto consist of the following:
 
Exhibit
Exhibit No.
 
Instance Document
EX-101.INS
 
Schema Document
EX-101.SCH
 
Calculation Linkbase Document
EX-101.CAL
 
Definition Linkbase Document
EX-101.DEF
 
Label Linkbase Document
EX-101.LAB
 
Presentation Linkbase Document
EX-101.PRE

 

 
 
 
 
 
 

EX-101.INS 2 ck0001090372-20120812.xml INSTANCE DOCUMENT Other 2012-08-12 0001090372 2013-01-04 Jacob Funds Inc. false 2013-01-04 2013-01-04 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells<br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when Fund<br />shares are held in a taxable account. These costs, which are not reflected in<br />annual fund operating expenses or in the example, affect the Fund's performance. <br />During the most recent fiscal year, the Fund's portfolio turnover rate was 19.62% <br />of the average value of its portfolio.</tt> <div style="display:none">~ http://www.jacobmutualfunds.com/role/ExpenseExample_S000027366Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.jacobmutualfunds.com/role/BarChartData_S000027366Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Fund's investment objective is to maximize total investment return<br />consisting of a combination of income and capital appreciation.</tt> <tt>This example is intended to help you compare the cost of investing in the Fund <br />with the cost of investing in other mutual funds. The Example assumes that you <br />invest $10,000 in the Fund over the time periods indicated and then redeem all <br />of your shares at the end of those periods. The Example also assumes that your <br />investment has a 5% return each year and that the Fund's operating expenses <br />remain the same.</tt> reflects no deduction for fees, expenses or taxes <tt>The Fund seeks to achieve its investment objective by investing primarily in<br />equity securities of U.S. companies of any size. The Fund may gain exposure <br />to foreign markets through the global operations of U.S. companies, or through<br />direct investment in foreign companies. The Adviser will not invest more than<br />25% of the Fund's net assets directly in foreign companies. The Fund may, to a<br />lesser extent, invest in investment grade fixed income or debt securities to<br />seek income.<br /> <br />The Fund invests in securities of companies that the Adviser believes have the<br />greatest potential for capital appreciation and income. The Adviser's overall<br />stock selections are based on an assessment of a company's fundamental prospects. <br />Specifically, the Adviser uses fundamental analysis to assess the quality, growth <br />potential, financial strength and overall value of a company. While trying to <br />maximize the capital appreciation potential of the Fund's portfolio of investments, <br />the Adviser also seeks to obtain securities for the Fund that are selling at <br />reasonable prices.<br /> <br />The Fund maintains a diversified portfolio of investments consisting primarily<br />of common stocks, and may also invest in other equity securities such as<br />preferred stocks, securities convertible or exchangeable into common stock,<br />rights, warrants or real estate investment trusts (REITs). Equity securities<br />generally represent an ownership interest in a company and their value is based<br />on the success of the company's business, any income paid to shareholders, the<br />value of the company's assets, general market conditions and investor demand. <br />The Fund may also purchase depositary receipts, which are certificates normally <br />issued by U.S. banks that evidence the ownership of shares of a foreign company.<br /> <br />The Fund generally seeks to purchase securities as long-term investments, but<br />when circumstances warrant, securities may be sold without regard to the length<br />of time they have been held to reduce risk or volatility or to respond to<br />changing fundamental information.<br /> <br />The Fund intends to hold some cash, short-term debt obligations, government<br />securities or other high-quality investments for reserves to cover redemptions<br />and unanticipated expenses, to seek income, or to maintain liquidity while<br />seeking appropriate investments.</tt> JACOB WISDOM FUND Example: After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Investment Objective Please note that the Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Investing in a mutual fund has inherent risks, which could cause you to lose money. Principal Risks Shareholder Fees (fees paid directly from your investment) Although your actual costs may be higher or lower, based on these assumptions your costs would be: The return after taxes on distribution and sale of fund shares may be higher than the return before taxes because the method of calculation assumes generally that you can use the short-term capital loss realized upon the sale of fund shares to offset income of the same tax character from other sources thereby reducing the amount of tax you otherwise might owe. 0.1962 Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Annual Total Returns as of December 31, 2012 (Investor Class) Performance Information <tt>The performance information shown is for the period from December 1, 2009 to<br />December 31, 2012. The performance information shown for the period from<br />December 1, 2009, to February 17, 2010, is that of the Fund's predecessor, the<br />Wisdom Fund. The Adviser took over management of the Wisdom Fund on December 1,<br />2009, and the Wisdom Fund was reorganized into the Jacob Wisdom Fund on February<br />18, 2010. <br /><br />After-tax returns are calculated using the historical highest individual federal<br />marginal income tax rates and do not reflect the impact of state and local<br />taxes. Actual after-tax returns depend on an investor's tax situation and may<br />differ from those shown. After-tax returns shown are not relevant to investors<br />who hold their Fund shares through tax-deferred arrangements such as 401(k)<br />plans or individual retirement accounts. The return after taxes on distribution<br />and sale of fund shares may be higher than the return before taxes because the<br />method of calculation assumes generally that you can use the short-term capital<br />loss realized upon the sale of fund shares to offset income of the same tax<br />character from other sources thereby reducing the amount of tax you otherwise<br />might owe.</tt> The performance information that follows gives some indication of the risks of investing in the Fund. <tt>Best Quarter&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Q1&#xA0;&#xA0;&#xA0;2012&#xA0;&#xA0;&#xA0;&#xA0;9.56%<br />Worst Quarter&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Q3&#xA0;&#xA0;&#xA0;2011&#xA0;&#xA0;&#xA0;-9.08%</tt> Annual Fund Operating Expenses (expenses paid each year as a percentage of the value of your investment) Average Annual Total Returns as of December 31, 2012 Portfolio Turnover <tt>Investing in a mutual fund has inherent risks, which could cause you to lose<br />money. The principal risks of investing in the Fund, and the circumstances that<br />could adversely affect the Fund's net asset value and total return, are listed<br />below.<br /> <br />&#xB7;&#xA0;&#xA0;Market Risk: Even when the stock market in general is rising, the stocks&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;selected by the Adviser may decline. Prices of common stocks of even the best <br />&#xA0;&#xA0;&#xA0;managed, most profitable corporations are subject to market risk, which means <br />&#xA0;&#xA0;&#xA0;their stock prices can decline. In addition, swings in investor psychology or <br />&#xA0;&#xA0;&#xA0;significant trading by large institutional investors can result in price&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;fluctuations. The Adviser may not be able to sell stocks at an optimal time or<br />&#xA0;&#xA0;&#xA0;price. <br /><br />&#xB7;&#xA0;&#xA0;Smaller Capitalized Company Risk: Investments in smaller capitalized companies<br />&#xA0;&#xA0;&#xA0;may involve greater risks, as these companies may not have the management&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;experience, financial resources, product diversification and competitive&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;strengths of larger companies. <br /><br />&#xB7;&#xA0;&#xA0;Convertible Securities Risk: The market value of convertible securities tends <br />&#xA0;&#xA0;&#xA0;to decline as interest rates increase and, conversely, to increase as interest<br />&#xA0;&#xA0;&#xA0;rates decline. In addition, convertible securities generally offer lower&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;interest or dividend yields than non-convertible securities of similar&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;quality. <br /><br />&#xB7;&#xA0;&#xA0;Fixed Income Risk: Yields and principal values of fixed income securities&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;(bonds) will fluctuate. Generally, values of fixed income securities change&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;inversely with interest rates. As interest rates go up, the value of debt&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;securities tends to go down. As a result, to the extent the Fund holds fixed&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;income investments, the value of the Fund may go down. The issuers of&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;instruments in which the Fund invests may be unable to meet interest and/or&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;principal payments. An issuer's securities may decrease in value if its&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;financial strength weakens, which may reduce its credit rating and possibly&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;its ability to meet its contractual obligations. <br /><br />&#xB7;&#xA0;&#xA0;Foreign Risk: The risks of investing in foreign companies can increase the&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;potential for losses in the Fund and may include currency fluctuations,&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;political and economic instability, less government regulation, less publicly <br />&#xA0;&#xA0;&#xA0;available information, limited trading markets, differences in financial&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;reporting standards and less stringent regulation of securities markets. <br />&#xA0;&#xA0;&#xA0;Foreign securities markets generally have less volume than U.S. securities <br />&#xA0;&#xA0;&#xA0;exchanges and securities of some foreign companies are less liquid and more <br />&#xA0;&#xA0;&#xA0;volatile than securities of comparable U.S. companies. Additional risks <br />&#xA0;&#xA0;&#xA0;include future political and economic developments, the possibility that<br />&#xA0;&#xA0;&#xA0;a foreign jurisdiction might impose or increase withholding taxes on income&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;payable with respect to foreign securities, the possible seizure, nationalization <br />&#xA0;&#xA0;&#xA0;or expropriation of the foreign issuer or foreign deposits (in which the Fund <br />&#xA0;&#xA0;&#xA0;could lose its entire investment in a certain market) and the possible adoption <br />&#xA0;&#xA0;&#xA0;of foreign governmental restrictions such as exchange controls. <br /><br />&#xB7;&#xA0;&#xA0;Real Estate Investment Trust Risk: Investments in real estate related&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;instruments may be affected by economic, legal, cultural, environmental or&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;technological factors that affect property values, rents or occupancies of&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;real estate related to the Fund's holdings. The performance of REITs depends&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;on how well the REIT manages the properties it owns.</tt> Fees and Expenses Principal Investment Strategies <tt>The performance information that follows gives some indication of the risks of<br />investing in the Fund. The bar chart shows the Fund's performance from year to<br />year, and the table compares the Fund's average annual returns with those of a<br />broad measure of market performance. Please note that the Fund's past performance <br />(before and after taxes) is not necessarily an indication of how the Fund will <br />perform in the future.</tt> <tt>This table describes the fees and expenses that you may pay if you buy <br />and hold shares of the Fund.</tt> <div style="display:none">~ http://www.jacobmutualfunds.com/role/OperatingExpensesData_S000027366Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.jacobmutualfunds.com/role/PerformanceTableData_S000027366Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.jacobmutualfunds.com/role/ShareholderFeesData_S000027366Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> S&P® 500 Index (reflects no deduction for fees, expenses or taxes) 0.1600 0.1082 Return After Taxes on Distributions and Sale of Fund Shares 0.0813 0.0769 Return After Taxes on Distributions 0.1168 0.0878 JWSFX Worst Quarter Best Quarter 0.00 Return Before Taxes 237 2012-03-31 833 -0.0908 -0.0050 0.1152 3131 -0.0200 1455 0.0956 0.1196 0.0199 0.0050 2014-01-02 2011-09-30 0.0359 0.00 0.0035 0.0234 0.0284 0.0894 0.1196 0.00 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells<br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when Fund<br />shares are held in a taxable account. These costs, which are not reflected in<br />annual fund operating expenses or in the example, affect the Fund's performance. <br />During the most recent fiscal year, the Fund's portfolio turnover rate was 77.65% <br />of the average value of its portfolio.</tt> <div style="display:none">~ http://www.jacobmutualfunds.com/role/ExpenseExample_S000027365Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.jacobmutualfunds.com/role/BarChartData_S000027365Member column primary compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * ~</div> <tt>The Fund's investment objective is long-term growth of capital.</tt> <tt>This example is intended to help you compare the cost of investing in the Fund <br />with the cost of investing in other mutual funds. The Example assumes that you <br />invest $10,000 in the Fund over the time periods indicated and then redeem all <br />of your shares at the end of those periods. The Example also assumes that your <br />investment has a 5% return each year and that the Fund's operating expenses <br />remain the same.</tt> reflects no deduction for fees, expenses or taxes <tt>The Fund seeks to achieve its investment objective by investing, under normal<br />circumstances, at least 80% of its assets in small capitalization companies. <br />Small capitalization companies are defined as those companies with market <br />capitalizations (share price multiplied by number of shares outstanding)<br />within the capitalization range of the Russell 2000&#xAE; Growth Index at the time <br />of purchase.&#xA0;&#xA0;As of November 30, 2012, the market capitalization of the largest<br />company in the Russell 2000&#xAE; Growth Index was approximately $4.836 billion, and<br />the weighted average and median market capitalizations of the Russell 2000&#xAE;<br />Growth Index were approximately $1.450 billion and $584 million, respectively.<br /> <br />The Fund maintains a diversified portfolio of investments consisting primarily<br />of common stocks. The Fund may also invest in other equity securities, such as<br />preferred stocks, rights, or warrants. The Adviser expects to select investments<br />for the Fund in companies that are broadly diversified over various industry<br />groups.<br /> <br />The Adviser manages the Fund's portfolio in an aggressive growth style. The<br />Adviser believes that investments in small capitalization companies can have<br />greater earnings and sales growth potential than larger capitalized companies<br />and can offer substantial opportunities for long-term growth of capital. The<br />Adviser's overall stock selections are based on its qualitative and quantitative<br />assessment of a company's fundamental prospects and whether it has an<br />above-average potential for long-term growth of capital.<br /> <br />The Adviser expects to invest the Fund's net assets primarily in U.S. companies,<br />but may gain exposure to foreign markets, including emerging markets, through<br />the global operations of U.S. companies, by purchasing depositary receipts or<br />securities of foreign companies traded on U.S. exchanges, or through direct<br />investment in foreign companies. The Adviser will not invest more than 25% of<br />the Fund's net assets directly in foreign companies.<br /> <br />The Fund intends to hold some cash, short-term debt obligations, government<br />securities or other high-quality investments for reserves to cover redemptions<br />and unanticipated expenses, or to maintain liquidity while seeking appropriate<br />investments.</tt> JACOB SMALL CAP GROWTH FUND Example: After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Investment Objective Please note that the Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Investing in a mutual fund has inherent risks, which could cause you to lose money. Principal Risks Shareholder Fees (fees paid directly from your investment) Although your actual costs may be higher or lower, based on these assumptions your costs would be: The return after taxes on distribution and sale of fund shares may be higher than the return before taxes because the method of calculation assumes generally that you can use the short-term capital loss realized upon the sale of fund shares to offset income of the same tax character from other sources thereby reducing the amount of tax you otherwise might owe. 0.7765 Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Annual Total Returns as of December 31, 2012 (Investor Class) Performance Information <tt>After-tax returns are calculated using the historical highest individual federal<br />marginal income tax rates and do not reflect the impact of state and local<br />taxes. Actual after-tax returns depend on an investor's tax situation and may<br />differ from those shown. After-tax returns shown are not relevant to investors<br />who hold their Fund shares through tax-deferred arrangements such as 401(k)<br />plans or individual retirement accounts. The return after taxes on distribution<br />and sale of fund shares may be higher than the return before taxes because the<br />method of calculation assumes generally that you can use the short-term capital<br />loss realized upon the sale of fund shares to offset income of the same tax<br />character from other sources thereby reducing the amount of tax you otherwise<br />might owe.</tt> The performance information that follows gives some indication of the risks of investing in the Fund. <tt>Best Quarter&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Q4&#xA0;&#xA0;&#xA0;2010&#xA0;&#xA0;&#xA0;&#xA0;22.86%<br />Worst Quarter&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Q3&#xA0;&#xA0;&#xA0;2011&#xA0;&#xA0;&#xA0;-27.18%</tt> Please note that the percentage of Annual Fund Operating Expenses shown has been restated to reflect current fees following the reorganization of the Jacob Small Cap Growth Fund II (formerly PineBridge US Small Cap Growth Fund) series of Jacob Funds II (formerly PineBridge Mutual Funds) into the Fund on November 12, 2012. Annual Fund Operating Expenses (expenses paid each year as a percentage of the value of your investment) Average Annual Total Returns as of December 31, 2012 Portfolio Turnover <tt>Investing in a mutual fund has inherent risks, which could cause you to lose<br />money. The principal risks of investing in the Fund, and the circumstances that<br />could adversely affect the Fund's net asset value and total return, are listed<br />below.<br /><br />&#xB7;&#xA0;&#xA0;Market Risk: The value of the Fund's shares and the securities held by the&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;Fund can each decline in value. Even when the stock market in general is&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;rising, the stocks selected by the Adviser may decline. Prices of common&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;stocks of even the best managed, most profitable corporations are subject to&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;market risk, which means their stock prices can decline. In addition, swings&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;in investor psychology or significant trading by large institutional investors<br />&#xA0;&#xA0;&#xA0;can result in price fluctuations.<br /><br />&#xB7;&#xA0;&#xA0;Smaller Capitalized Company Risk: Investments in small capitalization companies <br />&#xA0;&#xA0;&#xA0;may involve greater risks, as these companies tend to have limited product lines, <br />&#xA0;&#xA0;&#xA0;markets and financial or managerial resources. Small cap stocks often also have <br />&#xA0;&#xA0;&#xA0;a more limited trading market, such that the Adviser may not be able to sell <br />&#xA0;&#xA0;&#xA0;stocks at an optimal time or price. In addition, less frequently-traded securities <br />&#xA0;&#xA0;&#xA0;may be subject to more abrupt price movements than securities of larger capitalized <br />&#xA0;&#xA0;&#xA0;companies. <br /><br />&#xB7;&#xA0;&#xA0;Growth Companies Risk: Growth companies are expected to increase their earnings at <br />&#xA0;&#xA0;&#xA0;a certain rate. When these expectations are not met, the prices of these stocks may <br />&#xA0;&#xA0;&#xA0;go down, even if earnings showed an absolute increase. Growth company stocks also <br />&#xA0;&#xA0;&#xA0;typically lack the dividend yield that can cushion stock prices in market downturns. <br />&#xA0;&#xA0;&#xA0;Different investment styles tend to shift in and out of favor, depending on market <br />&#xA0;&#xA0;&#xA0;conditions and investor sentiment. The Fund's growth style may cause the Fund to <br />&#xA0;&#xA0;&#xA0;underperform funds that have a broader investment style. <br /><br />&#xB7;&#xA0;&#xA0;Foreign and Emerging Market Risk: The risks of investing in foreign companies,<br />&#xA0;&#xA0;&#xA0;including those located in emerging market countries, can increase the potential <br />&#xA0;&#xA0;&#xA0;for losses in the Fund and may include currency fluctuations, political and <br />&#xA0;&#xA0;&#xA0;economic instability, less government regulation, less publicly available <br />&#xA0;&#xA0;&#xA0;information, limited trading markets, differences in financial reporting standards <br />&#xA0;&#xA0;&#xA0;and less stringent regulation of securities markets. Foreign securities markets <br />&#xA0;&#xA0;&#xA0;generally have less volume than U.S. securities exchanges and securities of some <br />&#xA0;&#xA0;&#xA0;foreign companies are less liquid and more volatile than securities of comparable <br />&#xA0;&#xA0;&#xA0;U.S. companies. Additional risks include future political and economic developments, <br />&#xA0;&#xA0;&#xA0;the possibility that a foreign jurisdiction might impose or increase withholding <br />&#xA0;&#xA0;&#xA0;taxes on income payable with respect to foreign securities, the possible seizure, <br />&#xA0;&#xA0;&#xA0;nationalization or expropriation of the foreign issuer or foreign deposits (in <br />&#xA0;&#xA0;&#xA0;which the Fund could lose its entire investment in a certain market) and the <br />&#xA0;&#xA0;&#xA0;possible adoption of foreign governmental restrictions such as exchange controls.</tt> Fees and Expenses Principal Investment Strategies <tt>The performance information that follows gives some indication of the risks of<br />investing in the Fund. The bar chart shows the Fund's performance for the last<br />calendar year, and the table compares the Fund's average annual returns with<br />those of a broad measure of market performance. Please note that the Fund's past<br />performance (before and after taxes) is not necessarily an indication of how the<br />Fund will perform in the future. Performance information is not available for<br />Institutional Class shares of the Fund because the Adviser has managed Institutional <br />Class shares of the Fund for less than one calendar year as of the date of this <br />prospectus.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and hold<br />shares of the Fund.</tt> <div style="display:none">~ http://www.jacobmutualfunds.com/role/OperatingExpensesData_S000027365Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.jacobmutualfunds.com/role/PerformanceTableData_S000027365Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.jacobmutualfunds.com/role/ShareholderFeesData_S000027365Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Russell 2000® Growth Index (reflects no deduction for fees, expenses or taxes) 0.1459 0.1454 2010-02-01 Return After Taxes on Distributions and Sale of Fund Shares 0.0393 0.0707 2010-02-01 Return After Taxes on Distributions 0.0604 0.0804 2010-02-01 JSIGX 0.00 198 679 -0.0032 2581 0.0000 1186 0.0137 0.0090 2014-01-02 0.00 0.0000 0.0195 0.0227 0.00 JSCGX Worst Quarter Best Quarter 0.00 Return Before Taxes 228 2010-12-31 779 -0.2718 -0.0037 2927 -0.0200 1357 0.2286 0.0604 0.0137 0.0090 2014-01-02 2011-09-30 -0.1393 0.00 0.0035 0.0225 0.0262 0.0866 2010-02-01 0.0604 0.00 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells<br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when Fund<br />shares are held in a taxable account. These costs, which are not reflected in<br />annual fund operating expenses or in the example, affect the Fund's performance. <br />During the most recent fiscal year, the Fund's portfolio turnover rate was 55.61% <br />of the average value of its portfolio.</tt> <div style="display:none">~ http://www.jacobmutualfunds.com/role/ExpenseExample_S000005257Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.jacobmutualfunds.com/role/BarChartData_S000005257Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Fund's primary investment objective is long-term growth of capital.</tt> <tt>This example is intended to help you compare the cost of investing in the Fund <br />with the cost of investing in other mutual funds. The Example assumes that you <br />invest $10,000 in the Fund over the time periods indicated and then redeem all <br />of your shares at the end of those periods. The Example also assumes that your <br />investment has a 5% return each year and that the Fund's operating expenses <br />remain the same.</tt> reflects no deduction for fees, expenses or taxes <tt>The Fund seeks to achieve its investment objectives by investing, under normal<br />circumstances, at least 80% of its assets in securities of Internet companies<br />and companies in Internet-related industries. The Fund primarily invests in<br />common stocks and securities convertible into common stocks, but may invest up<br />to 35% in fixed income or debt securities. The Internet is a collection of<br />connected computers that allows commercial and professional organizations,<br />educational institutions, government agencies, and consumers to communicate<br />electronically, access and share information, and conduct business around the<br />world. The Adviser selects investments in companies that derive a substantial<br />portion of their revenue from Internet or Internet-related businesses or those<br />that are aggressively developing and expanding their Internet and Internet-related <br />business operations. The Adviser believes that the Internet offers unique investment <br />opportunities because of its ever-growing popularity among business and personal <br />users alike. Many Internet companies are newer and have small to medium market <br />capitalizations.<br /><br />The Fund invests in companies that emphasize research and development with<br />respect to proprietary products and services for Internet users and businesses,<br />because the Adviser believes that these stocks have the greatest potential to<br />rise in value. The Adviser's overall stock selections are based on an assessment<br />of a company's fundamental prospects. The Fund generally seeks to purchase<br />securities as long-term investments, but when circumstances warrant, securities<br />may be sold without regard to the length of time they have been held to reduce<br />risk or volatility or to respond to changing fundamental information. The Fund<br />may invest without limitation in foreign securities, including securities of<br />emerging market countries, so that the Fund has the flexibility to take full<br />advantage of investment opportunities in Internet companies and companies in<br />Internet-related industries.<br /> <br />The Fund intends to hold some cash, short-term debt obligations, government<br />securities or other high-quality investments for reserves to cover redemptions<br />and unanticipated expenses, to seek income, or to maintain liquidity while<br />seeking appropriate investments.</tt> JACOB INTERNET FUND <tt>Current income is a secondary objective.</tt> Example: After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Investment Objectives Please note that the Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Investing in a mutual fund has inherent risks, which could cause you to lose money. Principal Risks Shareholder Fees (fees paid directly from your investment) Although your actual costs may be higher or lower, based on these assumptions your costs would be: The return after taxes on distribution and sale of fund shares may be higher than the return before taxes because the method of calculation assumes generally that you can use the short-term capital loss realized upon the sale of fund shares to offset income of the same tax character from other sources thereby reducing the amount of tax you otherwise might owe. 0.5561 Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Annual Total Returns as of December 31, 2012 (Investor Class) Performance Information <tt>After-tax returns are calculated using the historical highest individual federal<br />marginal income tax rates and do not reflect the impact of state and local<br />taxes. Actual after-tax returns depend on an investor's tax situation and may<br />differ from those shown. After-tax returns shown are not relevant to investors<br />who hold their Fund shares through tax-deferred arrangements such as 401(k)<br />plans or individual retirement accounts. The return after taxes on distribution<br />and sale of fund shares may be higher than the return before taxes because the<br />method of calculation assumes generally that you can use the short-term capital<br />loss realized upon the sale of fund shares to offset income of the same tax<br />character from other sources thereby reducing the amount of tax you otherwise<br />might owe.</tt> The performance information that follows gives some indication of the risks of investing in the Fund. <tt>Best Quarter&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Q4&#xA0;&#xA0;&#xA0;2002&#xA0;&#xA0;&#xA0;60.00%<br />Worst Quarter&#xA0;&#xA0;&#xA0;&#xA0;Q3&#xA0;&#xA0;&#xA0;2001&#xA0;&#xA0;-51.20%</tt> Annual Fund Operating Expenses (expenses paid each year as a percentage of the value of your investment) Average Annual Total Returns as of December 31, 2012 Portfolio Turnover <tt>Investing in a mutual fund has inherent risks, which could cause you to lose<br />money. The principal risks of investing in the Fund, and the circumstances that<br />could adversely affect the Fund's net asset value and total return, are listed<br />below.<br /> <br />&#xB7;&#xA0;&#xA0;Market Risk: Even when the stock market in general is rising, the stocks&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;selected by the Adviser may decline. Prices of common stocks of even the best <br />&#xA0;&#xA0;&#xA0;managed, most profitable corporations are subject to market risk, which means <br />&#xA0;&#xA0;&#xA0;their stock prices can decline. In addition, swings in investor psychology or <br />&#xA0;&#xA0;&#xA0;significant trading by large institutional investors can result in price&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;fluctuations. The Adviser may not be able to sell stocks at an optimal time or<br />&#xA0;&#xA0;&#xA0;price. <br /><br />&#xB7;&#xA0;&#xA0;Internet Company Risk: Many Internet-related companies have incurred large&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;losses since their inception and will continue to incur large losses in the&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;hope of capturing market share and generating future revenues. Accordingly,&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;many such companies expect to incur significant operating losses for the&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;foreseeable future, and may never be profitable. <br /><br />&#xB7;&#xA0;&#xA0;Computer/Internet Technology Risk: Companies in the rapidly changing field <br />&#xA0;&#xA0;&#xA0;of computer/Internet technology face special risks. For example, their <br />&#xA0;&#xA0;&#xA0;products or services may not prove commercially successful or may become <br />&#xA0;&#xA0;&#xA0;obsolete quickly. The value of the Fund's shares may be susceptible to <br />&#xA0;&#xA0;&#xA0;factors affecting the computer/Internet technology area and to greater risk <br />&#xA0;&#xA0;&#xA0;and market fluctuation than an investment in a fund that invests in a broader <br />&#xA0;&#xA0;&#xA0;range of portfolio securities not concentrated in any particular area or <br />&#xA0;&#xA0;&#xA0;industry. The computer/Internet technology area may be subject to greater <br />&#xA0;&#xA0;&#xA0;governmental regulation than many other areas and changes in governmental <br />&#xA0;&#xA0;&#xA0;policies and the need for regulatory approvals may have a material adverse <br />&#xA0;&#xA0;&#xA0;effect on these areas. Additionally, companies in these areas may be subject <br />&#xA0;&#xA0;&#xA0;to risks of developing technologies, competitive pressures and other factors <br />&#xA0;&#xA0;&#xA0;and are dependent upon consumer and business acceptance as new technologies <br />&#xA0;&#xA0;&#xA0;evolve. <br /><br />&#xB7;&#xA0;&#xA0;Smaller Capitalized or Unseasoned Company Risk: The Adviser believes that&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;smaller capitalized or unseasoned companies generally have greater earnings&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;and sales growth potential than larger capitalized companies. However,&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;investments in smaller capitalized or unseasoned companies may involve greater<br />&#xA0;&#xA0;&#xA0;risks, in part because they have limited product lines, markets and financial <br />&#xA0;&#xA0;&#xA0;or managerial resources. In addition, less frequently-traded securities may be<br />&#xA0;&#xA0;&#xA0;subject to more abrupt price movements than securities of larger capitalized&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;companies.<br /><br />&#xB7;&#xA0;&#xA0;Convertible Securities Risk: The market value of convertible securities tends <br />&#xA0;&#xA0;&#xA0;to decline as interest rates increase and, conversely, to increase as interest<br />&#xA0;&#xA0;&#xA0;rates decline. In addition, convertible securities generally offer lower&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;interest or dividend yields than non-convertible securities of similar quality. <br /><br />&#xB7;&#xA0;&#xA0;Foreign and Emerging Market Risk: The risks of investing in foreign companies,<br />&#xA0;&#xA0;&#xA0;including those located in emerging market countries, can increase the potential <br />&#xA0;&#xA0;&#xA0;for losses in the Fund and may include currency fluctuations, political and <br />&#xA0;&#xA0;&#xA0;economic instability, less government regulation, less publicly available <br />&#xA0;&#xA0;&#xA0;information, limited trading markets, differences in financial reporting standards <br />&#xA0;&#xA0;&#xA0;and less stringent regulation of securities markets. Foreign securities markets <br />&#xA0;&#xA0;&#xA0;generally have less volume than U.S. securities exchanges and securities of some <br />&#xA0;&#xA0;&#xA0;foreign companies are less liquid and more volatile than securities of comparable <br />&#xA0;&#xA0;&#xA0;U.S. companies. Additional risks include future political and economic developments, <br />&#xA0;&#xA0;&#xA0;the possibility that a foreign jurisdiction might impose or increase withholding <br />&#xA0;&#xA0;&#xA0;taxes on income payable with respect to foreign securities, the possible seizure, <br />&#xA0;&#xA0;&#xA0;nationalization or expropriation of the foreign issuer or foreign deposits (in <br />&#xA0;&#xA0;&#xA0;which the Fund could lose its entire investment in a certain market) and the <br />&#xA0;&#xA0;&#xA0;possible adoption of foreign governmental restrictions such as exchange controls. <br /><br />&#xB7;&#xA0;&#xA0;Fixed Income Risk: Yields and principal values of fixed income securities&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;(bonds) will fluctuate. Generally, values of fixed income securities change&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;inversely with interest rates. As interest rates go up, the value of debt&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;securities tends to go down. As a result, to the extent the Fund holds fixed&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;income investments, the value of the Fund may go down.</tt> Fees and Expenses Principal Investment Strategies The Fund seeks to achieve its investment objectives by investing, under normal circumstances, at least 80% of its assets in securities of Internet companies and companies in Internet-related industries. <tt>The performance information that follows gives some indication of the risks of<br />investing in the Fund. The bar chart shows the Fund's performance from year to<br />year, and the table compares the Fund's average annual returns with those of a<br />broad measure of market performance and an index of Internet stocks. Please note<br />that the Fund's past performance (before and after taxes) is not necessarily an<br />indication of how the Fund will perform in the future.</tt> <tt>This table describes the fees and expenses that you may pay if you buy <br />and hold shares of the Fund.</tt> <div style="display:none">~ http://www.jacobmutualfunds.com/role/OperatingExpensesData_S000005257Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.jacobmutualfunds.com/role/PerformanceTableData_S000005257Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.jacobmutualfunds.com/role/ShareholderFeesData_S000005257Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Bloomberg U.S. Internet Index (reflects no deduction for fees, expenses or taxes) 0.2073 0.0222 0.0906 NASDAQ Composite Index (reflects no deduction for fees, expenses or taxes) 0.1775 0.0378 0.0946 Return After Taxes on Distributions and Sale of Fund Shares 0.0744 0.0247 0.1325 Return After Taxes on Distributions 0.1144 0.0288 0.1455 JAMFX Worst Quarter Best Quarter 0.00 Return Before Taxes 290 2002-12-31 889 -0.5120 0.3230 0.3545 3195 -0.0200 1513 -0.0080 0.6000 0.1144 0.0127 -0.5115 0.0125 2001-09-30 0.7188 0.0288 0.1080 -0.0906 0.00 1.0125 0.0035 0.1464 0.0287 0.1624 0.1144 0.00 0001090372 ck0001090372:SummaryS000005257Memberck0001090372:S000005257Memberck0001090372:C000014360Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000005257Memberck0001090372:S000005257Memberrr:AfterTaxesOnDistributionsMemberck0001090372:C000014360Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000005257Memberck0001090372:S000005257Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0001090372:C000014360Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000005257Memberck0001090372:S000005257Memberck0001090372:RRINDEX00001Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000005257Memberck0001090372:S000005257Memberck0001090372:RRINDEX00002Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000005257Memberck0001090372:S000005257Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000027365Memberck0001090372:S000027365Memberck0001090372:C000082574Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000027365Memberck0001090372:S000027365Memberck0001090372:C000119840Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000027365Memberck0001090372:S000027365Memberrr:AfterTaxesOnDistributionsMemberck0001090372:C000082574Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000027365Memberck0001090372:S000027365Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0001090372:C000082574Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000027365Memberck0001090372:S000027365Memberck0001090372:RRINDEX00003Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000027365Memberck0001090372:S000027365Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000027366Memberck0001090372:S000027366Memberck0001090372:C000082575Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000027366Memberck0001090372:S000027366Memberrr:AfterTaxesOnDistributionsMemberck0001090372:C000082575Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000027366Memberck0001090372:S000027366Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0001090372:C000082575Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000027366Memberck0001090372:S000027366Memberck0001090372:RRINDEX00004Member 2013-01-04 2013-01-04 0001090372 ck0001090372:SummaryS000027366Memberck0001090372:S000027366Member 2013-01-04 2013-01-04 0001090372 2013-01-04 2013-01-04 pure iso4217:USD Please note that the percentage of Annual Fund Operating Expenses shown has been restated to reflect current fees following the reorganization of the Jacob Small Cap Growth Fund II (formerly PineBridge US Small Cap Growth Fund) series of Jacob Funds II (formerly PineBridge Mutual Funds) into the Fund on November 12, 2012. Jacob Asset Management of New York LLC, the Fund's investment adviser (the "Adviser"), has contractually agreed , through at least January 2, 2014, to waive up to 100% of its advisory fees, to the extent that the Total Annual Fund Operating Expenses (excluding any taxes, interest, brokerage fees, acquired fund fees and expenses, and extraordinary expenses) would exceed 1.95% of average daily net assets. Pursuant to this fee waiver agreement, the Adviser is entitled to recoup any fees that it waived for a period of three years following such fee waivers to the extent that such recoupment will not cause the Fund's expenses to exceed 1.95%. Please note that the maximum waiver is 0.50%, which means that the Fund's overall expenses could exceed 1.95%, as is the case above. This waiver agreement may only be terminated by the Board. Jacob Asset Management of New York LLC, the Fund's investment adviser (the "Adviser"), has contractually agreed, through at least January 2, 2014, to waive up to 100% of its advisory fees to the extent that the Total Annual Fund Operating Expenses (excluding any taxes, interest, brokerage fees, acquired fund fees and expenses, and extraordinary expenses) exceed 2.25% or 1.95% for Investor Class shares and Institutional Class shares, respectively, of each class' average daily net assets. Pursuant to this fee waiver agreement, the Adviser is entitled to recoup any fees that it waived for a period of three years following such fee waivers to the extent that such recoupment will not cause the Fund to exceed any applicable expense limitation that was in place for the Fund when the fees were waived. Please note that the maximum waiver is 0.90%, which means that the Fund's overall expenses could exceed 2.25% for Investor Class shares or 1.95% for Institutional Class shares. This waiver agreement may only be terminated by the Board. 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Jacob Small Cap Growth Fund (Prospectus Summary) | Jacob Small Cap Growth Fund
JACOB SMALL CAP GROWTH FUND
Investment Objective
The Fund's investment objective is long-term growth of capital.
Fees and Expenses
This table describes the fees and expenses that you may pay if you buy and hold
shares of the Fund.
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees Jacob Small Cap Growth Fund
Investor Class
Institutional Class
Maximum Sales Charge (Load) Imposed on Purchases none none
Maximum Deferred Sales Charge (Load) none none
Maximum Sales Charge (Load) Imposed on Reinvested Dividends none none
Redemption Fee (as a percentage of amount redeemed or exchanged within 30 days of purchase) 2.00% none
Annual Fund Operating Expenses (expenses paid each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Jacob Small Cap Growth Fund
Investor Class
Institutional Class
Advisory Fees 0.90% 0.90%
Distribution and/or Service (12b-1) Fees 0.35% none
Other Expenses 1.37% 1.37%
Total Annual Fund Operating Expenses 2.62% 2.27%
Fee Waiver [1] (0.37%) (0.32%)
Total Annual Fund Operating Expenses After Fee Waiver [2] 2.25% 1.95%
[1] Jacob Asset Management of New York LLC, the Fund's investment adviser (the "Adviser"), has contractually agreed, through at least January 2, 2014, to waive up to 100% of its advisory fees to the extent that the Total Annual Fund Operating Expenses (excluding any taxes, interest, brokerage fees, acquired fund fees and expenses, and extraordinary expenses) exceed 2.25% or 1.95% for Investor Class shares and Institutional Class shares, respectively, of each class' average daily net assets. Pursuant to this fee waiver agreement, the Adviser is entitled to recoup any fees that it waived for a period of three years following such fee waivers to the extent that such recoupment will not cause the Fund to exceed any applicable expense limitation that was in place for the Fund when the fees were waived. Please note that the maximum waiver is 0.90%, which means that the Fund's overall expenses could exceed 2.25% for Investor Class shares or 1.95% for Institutional Class shares. This waiver agreement may only be terminated by the Board.
[2] Please note that the percentage of Annual Fund Operating Expenses shown has been restated to reflect current fees following the reorganization of the Jacob Small Cap Growth Fund II (formerly PineBridge US Small Cap Growth Fund) series of Jacob Funds II (formerly PineBridge Mutual Funds) into the Fund on November 12, 2012.
Example:
This example is intended to help you compare the cost of investing in the Fund
with the cost of investing in other mutual funds. The Example assumes that you
invest $10,000 in the Fund over the time periods indicated and then redeem all
of your shares at the end of those periods. The Example also assumes that your
investment has a 5% return each year and that the Fund's operating expenses
remain the same.
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Jacob Small Cap Growth Fund (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Investor Class
228 779 1,357 2,927
Institutional Class
198 679 1,186 2,581
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover rate
may indicate higher transaction costs and may result in higher taxes when Fund
shares are held in a taxable account. These costs, which are not reflected in
annual fund operating expenses or in the example, affect the Fund's performance.
During the most recent fiscal year, the Fund's portfolio turnover rate was 77.65%
of the average value of its portfolio.
Principal Investment Strategies
The Fund seeks to achieve its investment objective by investing, 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.  As of November 30, 2012, the market capitalization of the largest
company in the Russell 2000® Growth Index was approximately $4.836 billion, and
the weighted average and median market capitalizations of the Russell 2000®
Growth Index were approximately $1.450 billion and $584 million, respectively.

The Fund maintains a diversified portfolio of investments consisting primarily
of common stocks. The Fund may also invest in other equity securities, such as
preferred stocks, rights, or warrants. The Adviser expects to select investments
for the Fund in companies that are broadly diversified over various industry
groups.

The Adviser manages the Fund's portfolio in an aggressive growth style. The
Adviser believes that investments in small capitalization companies can have
greater earnings and sales growth potential than larger capitalized companies
and can offer substantial opportunities for long-term growth of capital. The
Adviser's overall stock selections are based on its qualitative and quantitative
assessment of a company's fundamental prospects and whether it has an
above-average potential for long-term growth of capital.

The Adviser expects to invest the Fund's net assets primarily in U.S. companies,
but may gain exposure to foreign markets, including emerging markets, through
the global operations of U.S. companies, by purchasing depositary receipts or
securities of foreign companies traded on U.S. exchanges, or through direct
investment in foreign companies. The Adviser will not invest more than 25% of
the Fund's net assets directly in foreign companies.

The Fund intends to hold some cash, short-term debt obligations, government
securities or other high-quality investments for reserves to cover redemptions
and unanticipated expenses, or to maintain liquidity while seeking appropriate
investments.
Principal Risks
Investing in a mutual fund has inherent risks, which could cause you to lose
money. The principal risks of investing in the Fund, and the circumstances that
could adversely affect the Fund's net asset value and total return, are listed
below.

·  Market Risk: The value of the Fund's shares and the securities held by the   
   Fund can each decline in value. Even when the stock market in general is      
   rising, the stocks selected by the Adviser may decline. Prices of common      
   stocks of even the best managed, most profitable corporations are subject to  
   market risk, which means their stock prices can decline. In addition, swings  
   in investor psychology or significant trading by large institutional investors
   can result in price fluctuations.

·  Smaller Capitalized Company Risk: Investments in small capitalization companies
   may involve greater risks, as these companies tend to have limited product lines,
   markets and financial or managerial resources. Small cap stocks often also have
   a more limited trading market, such that the Adviser may not be able to sell
   stocks at an optimal time or price. In addition, less frequently-traded securities
   may be subject to more abrupt price movements than securities of larger capitalized
   companies.

·  Growth Companies Risk: Growth companies are expected to increase their earnings at
   a certain rate. When these expectations are not met, the prices of these stocks may
   go down, even if earnings showed an absolute increase. Growth company stocks also
   typically lack the dividend yield that can cushion stock prices in market downturns.
   Different investment styles tend to shift in and out of favor, depending on market
   conditions and investor sentiment. The Fund's growth style may cause the Fund to
   underperform funds that have a broader investment style.

·  Foreign and Emerging Market Risk: The risks of investing in foreign companies,
   including those located in emerging market countries, can increase the potential
   for losses in the Fund and may include currency fluctuations, political and
   economic instability, less government regulation, less publicly available
   information, limited trading markets, differences in financial reporting standards
   and less stringent regulation of securities markets. Foreign securities markets
   generally have less volume than U.S. securities exchanges and securities of some
   foreign companies are less liquid and more volatile than securities of comparable
   U.S. companies. Additional risks include future political and economic developments,
   the possibility that a foreign jurisdiction might impose or increase withholding
   taxes on income payable with respect to foreign securities, the possible seizure,
   nationalization or expropriation of the foreign issuer or foreign deposits (in
   which the Fund could lose its entire investment in a certain market) and the
   possible adoption of foreign governmental restrictions such as exchange controls.
Performance Information
The performance information that follows gives some indication of the risks of
investing in the Fund. The bar chart shows the Fund's performance for the last
calendar year, and the table compares the Fund's average annual returns with
those of a broad measure of market performance. Please note that the Fund's past
performance (before and after taxes) is not necessarily an indication of how the
Fund will perform in the future. Performance information is not available for
Institutional Class shares of the Fund because the Adviser has managed Institutional
Class shares of the Fund for less than one calendar year as of the date of this
prospectus.
Annual Total Returns as of December 31, 2012 (Investor Class)
Bar Chart
Best Quarter       Q4   2010    22.86%
Worst Quarter      Q3   2011   -27.18%
Average Annual Total Returns as of December 31, 2012
Average Annual Total Returns Jacob Small Cap Growth Fund
Label
1 Year
Since Inception
Inception Date
Investor Class
Return Before Taxes 6.04% 8.66% Feb. 01, 2010
Investor Class After Taxes on Distributions
Return After Taxes on Distributions 6.04% 8.04% Feb. 01, 2010
Investor Class After Taxes on Distributions and Sales
Return After Taxes on Distributions and Sale of Fund Shares 3.93% 7.07% Feb. 01, 2010
Russell 2000® Growth Index
Russell 2000® Growth Index (reflects no deduction for fees, expenses or taxes) 14.59% 14.54% Feb. 01, 2010
After-tax returns are calculated using the historical highest individual federal
marginal income tax rates and do not reflect the impact of state and local
taxes. Actual after-tax returns depend on an investor's tax situation and may
differ from those shown. After-tax returns shown are not relevant to investors
who hold their Fund shares through tax-deferred arrangements such as 401(k)
plans or individual retirement accounts. The return after taxes on distribution
and sale of fund shares may be higher than the return before taxes because the
method of calculation assumes generally that you can use the short-term capital
loss realized upon the sale of fund shares to offset income of the same tax
character from other sources thereby reducing the amount of tax you otherwise
might owe.
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