JFWD

Jacob Forward ETF

JFWD is actively managed to invest in equity securities of US companies engaged in innovative and disruptive technologies, including those in their early stages of development.


Active, Concentrated

MANAGEMENT MATRIX

ARKF

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorJacob Asset Management
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateJul 13, 2021
Assets (mns)$3
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
ALPHATEC HOLDINGS INC 9.1 %
HERON THERAPEUTICS INC 5.6 %
SILVERGATE CAPITAL CORP. CLASS A 5.0 %
OPTIMIZERX CORPORATION 4.9 %
IDEAYA BIOSCIENCES, INC. 4.7 %
ZILLOW GROUP, INC. CLASS C 4.4 %
AMYRIS INC 4.4 %
TWILIO, INC. CLASS A 4.4 %
DIGITAL TURBINE, INC. 4.3 %
CLOUDFLARE INC CLASS A 4.2 %
Constituent Breakdown
Number of holdings32
Herfindahl-Hirschman Index 405
Wgt avg mkt cap (mns)$23,014
Large cap (>$10bn)27.3%
Mid cap ($2-10bn)25.6%
Small cap (<$2bn)47.2%
Developed mkts.99.5%
Emerging mkts.0.5%
Country Exposure
UNITED STATES 93.3 %
SWITZERLAND 1.7 %
CHINA 1.0 %
Historical Performance


Standardized Annual Returns (as of 08/31/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-48.0% -55.6% -- -- -- -- -50.5%
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)1
Turnover0.3%
Avg. Bid/Ask (% of price)0.53%
ADV of underlying (mns)$9,971
Technical Indicators
Recent close$8.62
30d moving avg.$9.31
Annualized volatility0.0%
Relative strength (RSI)37
Short interest (ETF)1.2%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Comparable ETFs Based on Overlap
Ticker Fund Name Overlap
vs. JFWD
Expenses
vs. JFWD
ALTAR Score™
vs. JFWD
ARKF ARK Fintech Innovation ETF   17.5%   0 bp +11.3%
ARKK ARK Innovation ETF   15.5%   0 bp +6.1%
NFTZ Defiance Digital Revolution ETF   14.2%   -10 bp -8.9%
ARKW ARK Web x.0 ETF   12.8%   +8 bp +8.2%
ARKG ARK Genomic Revolution ETF   12.6%   0 bp +9.3%
Risk and Returns: JFWD vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.2 -50.0 3.3 0.0% --
Based on closing prices from 9/30/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
JFWD



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

JFWD

-12.9%

Cat. Avg

7.4%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-12.9%
Recommendation

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

Category Overview
There are 875 funds in the US Equities category, with an average ALTAR Score™ of 7.4% and a standard deviation of 3.2%. JFWD's ALTAR Score™ is approximately 6.4 standard deviations below the category average. This places JFWD in the 1st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
JFWD
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
JFWD 75.0 52.8 127.8
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.