JFWD vs. IPO ETF Comparison

Comparison of Jacob Funds Inc. Jacob Forward ETF (JFWD) to Renaissance IPO ETF (IPO)

JFWD

Jacob Funds Inc. Jacob Forward ETF

JFWD Description

The Jacob Forward ETF is an exchange-traded fund incorporated in the US. This fund seeks long-term growth of capital. The Fund seeks to achieve its investment objective by investing in common stocks and other equity securities of companies of all sizes. The Fund may have significant exposure to the information technology sector.

Grade (RS Rating)

Last Trade

$9.95

Average Daily Volume

1,234

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IPO

Renaissance IPO ETF

IPO Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$40.94

Average Daily Volume

23,500

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JFWD	IPO
30 Days	-1.79%	2.94%
60 Days	-0.59%	4.73%
90 Days	-7.47%	1.99%
12 Months	11.77%	26.42%

1 Overlapping Holdings

	Symbol	Grade	Weight in JFWD	Weight in IPO	Overlap
	BRZE	D	2.23%	0.98%	0.98%

JFWD Overweight 34 Positions Relative to IPO

Symbol	Grade	Weight
HROW	B	7.27%
ESPR	C	5.29%
DKNG	F	5.18%
CDNA	B	4.91%
ATEC	D	4.82%
INSE	D	4.76%
MDB	D	4.72%
DOCS	B	4.39%
OPRX	F	4.11%
NET	B	4.04%
SQ	C	3.94%
TELA	F	3.93%
HRTX	D	3.9%
Z	C	3.44%
PRCH	F	3.23%
KRYS	B	2.92%
CFLT	C	2.82%
IMMR	B	2.22%
INVE	F	2.18%
PHR	F	1.85%
CDXS	D	1.55%
ATHM	D	1.49%
IDYA	F	1.31%
SOFI	F	1.3%
APPS	F	1.13%
PI	C	1.1%
HUYA	C	1.04%
MOMO	B	1.01%
CELC	B	0.96%
ARCT	F	0.76%
FLUT	C	0.75%
BEAM	D	0.75%
APLS	F	0.75%
CRSP	F	0.73%

JFWD Underweight 27 Positions Relative to IPO

Symbol	Grade	Weight
NU	B	-10.57%
KVUE	F	-9.8%
ARM	A	-9.05%
HOOD	B	-7.44%
RIVN	C	-5.9%
ONON	C	-4.79%
CNM	D	-4.03%
DUOL	F	-3.79%
CRBG	C	-3.69%
RYAN	B	-2.96%
GTLB	C	-2.9%
GFS	C	-2.47%
S	C	-2.36%
BROS	B	-1.91%
TPG	D	-1.74%
HCP	A	-1.6%
FRSH	D	-1.27%
NUVL	C	-1.21%
INFA	B	-0.98%
RDDT	B	-0.8%
BIRK	B	-0.68%
PWSC	B	-0.66%
FLNC	F	-0.57%
ACT	C	-0.44%
RBRK	C	-0.35%
BLCO	F	-0.3%
INST	B	-0.26%