Overview

Investment Objective

James Micro Cap Fund seeks to provide long-term capital appreciation.

Quick Stats03/31/25

9.07%
Avg. Annual Return
-4.56%
YTD Return
$19.35
Daily Price
03/28/2025
$28 M
Net Assets
Previous Month03/31/25
High: $20.14
Low: $19.11

Investment Strategy

The James Micro Cap Fund invests primarily in equity securities of foreign and domestic companies that the Adviser believes are undervalued. Equity securities include common stocks, preferred stocks and exchange traded funds ("ETFs") that invest primarily in equity securities. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus the amount of borrowing for investment purposes, if any) in equity securities of micro capitalization companies. Micro capitalization companies are defined as those companies with market capitalizations at the time of purchase no larger than the stocks in the VettaFi US Equity Micro-Cap TR Index, including ETFs that invest primarily in such securities.

Daily Prices (NAV)03/28/2025

Prices are usually updated each business day by 7 pm EST.

Ticker Expense Ratio Price / Share $ Change % Change 52 Week High 52 Week Low
JMCRX 1.50% 19.35 -0.39 -1.98 24.06 19.11
Date Fund Price $ Change %

Fund Performance

    Daily Price & YTD ReturnData as of 03/28/2025 Total % ReturnData as of 02/28/2025 Average AnnualTotal % Return as of 02/28/2025  
Fund Name Ticker Price / Share $ Change YTD YTD 1 Mo 3 Mo 1 Yr 3 Yr 5 Yr 10 Yr S.I.
Micro Cap
Inception Date: 07/01/2010
Total Expense Ratio: (1.50%)
JMCRX 19.35 -0.39 -9.92 -4.56 -7.53 -12.17 0.94 6.62 11.28 6.59 9.07
VettaFi US Equity Micro Cap Index -6.12 -6.47 -10.21 1.96 -4.02 4.99 3.85 -
VettaFi US Equity 3000 Index ** 1.15 -1.90 -1.87 17.63 10.56 16.01 12.32 14.48
    Daily Price & YTD ReturnData as of 03/28/2025 Total % ReturnData as of 12/31/2024 Average AnnualTotal % Return as of 12/31/2024  
Fund Name Ticker Price / Share $ Change YTD YTD 1 Mo 3 Mo 1 Yr 3 Yr 5 Yr 10 Yr S.I.
Micro Cap
Inception Date: 07/01/2010
Total Expense Ratio: (1.50%)
JMCRX 19.35 -0.39 -9.92 5.97 -7.97 -5.37 5.97 4.90 8.54 7.22 9.53
VettaFi US Equity Micro Cap Index 9.74 -4.35 6.95 9.74 -5.48 3.60 4.65 -
VettaFi US Equity 3000 Index 23.80 -2.99 2.66 23.80 6.96 13.76 12.50 14.56

The performance data quoted represents past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The average annual total returns assume reinvestment of income, dividends and capital gains distributions and reflect changes in net asset value. You should note that the James Advantage Funds are professionally managed mutual funds while the indices are unmanaged, do not incur expenses and are not available for investment.

Fund Returns

Ticker

JMCRX

02/28/25 -7.53%
01/31/25 3.21%
12/31/24 -7.97%
11/30/24 10.20%
10/31/24 -6.70%

Calendar Year Total Returns

Holdings and Details

Top Five Sector Allocations12/31/2024

Financials 29.90%
Information Technology 15.50%
Industrials 14.30%
Health Care 11.20%
Consumer Discretionary 10.90%

Total as % of Fund 81.80%

Top Five Industry Allocations12/31/2024

Finance/Rental/Leasing 11.70%
Electronic Equipment/Instruments 6.10%
Medical Specialties 5.70%
Information Technology Services 5.50%
Investment Banks/Brokers 5.00%

Total as % of Fund 34.00%

Top Ten Equity Holdings (% of Fund)12/31/2024

Enova International Inc 5.40%
Nova Ltd 5.20%
Piper Sandler Companies 5.00%
FAMC 4.10%
Ofg Bancorp 3.80%
United States Lime & Minerals Inc 3.70%
Donnelly Financial Solutions Inc 3.70%
Merchants Bancorp Ind Com 3.00%
Integer Holdings Corp 3.00%
PC Connection Inc 3.00%

Total as % of Fund 39.90%

Region Exposure Top Three12/31/2024

United States 100.00%
Canada 0.00%
United Kingdom 0.00%

Total as % of Fund 100.00%

Holdings are subject to change without notice.
Current and future portfolio holdings are subject to risk.

Fund Characteristics12/31/2024

TickerJMCRX
Inception Date07/01/2010
Cusip470259813
Total Net Assets as of 03/28/2025 ($mil)$27.70
Price/Earnings Ratio (12m trailing) 14.93
Price/Book Ratio 1.87
Weighted Average Market Capitalization ($ mil)2,485.7
Median Market Capitalization ($ mil) 1,321.8
Total Number of Equity Issues79
Total Number of Debt Issues0
Portfolio Turnover Rate (annualized as of Fiscal Year-End 11/01/24)10.00%

Asset Allocation (%)12/31/2024

Market Capitalization Equity Holdings (%)12/31/2024

Fund Operating Expenses11/01/2024

Management Fee1.46%
Distribution (12b-1) Fee0.00%
Other Expenses0.04%
Acquired Fund Fees and Expenses(AFFE)0.00%
Total Annual Fund Operating Expenses1.50%

Risk Measures (3yr Trailing)12/31/2024

0.85
Beta
0.84
R-Squared
22.86
Standard Deviation
0.16
Sharpe Ratio
EX-Date Payable Date Reinvestment Price Dividend Type Dividend Amount
12/05/2024 12/06/2024 $23.05 Long Term Cap Gain $0.2643
12/05/2024 12/06/2024 $23.05 Short Term Cap Gain $0.0423
12/28/2022 12/28/2022 $15.42 Income $0.0921
12/07/2022 12/07/2022 $16.26 Long Term Cap Gain $1.3419
12/29/2021 12/30/2021 $20.81 Income $0.0099
12/08/2021 12/09/2021 $20.20 Long Term Cap Gain $0.7841
12/29/2020 12/30/2020 $15.62 Income $0.0842
12/27/2019 12/30/2019 $16.53 Income $0.0388
12/09/2019 12/10/2019 $16.44 Long Term Cap Gain $0.5058
12/07/2018 12/10/2018 $14.13 Long Term Cap Gain $0.9068
12/28/2017 12/29/2017 $17.40 Income $0.0561
12/05/2017 12/06/2017 $17.25 Long Term Cap Gain $1.2884
12/29/2016 12/30/2016 $18.15 Income $0.0000
12/30/2015 12/31/2015 $15.29 Income $0.0138
12/30/2014 12/31/2014 $14.74 Income $0.0236
12/04/2014 12/05/2014 $14.31 Long Term Cap Gain $3.4509
12/04/2014 12/05/2014 $14.31 Short Term Cap Gain $0.0000
12/30/2013 12/31/2013 $17.09 Income $0.0147
12/28/2012 12/31/2012 $11.45 Income $0.1368
12/29/2011 12/30/2011 $10.81 Income $0.0000
12/01/2011 12/02/2011 $10.40 Short Term Cap Gain $0.0525
12/01/2011 12/02/2011 $10.40 Long Term Cap Gain $0.0035
03/30/2011 03/31/2011 $12.24 Income $0.0000

NAV History

Previous Year Ending 12/31/24
High $24.06 11/11/2024
Low $19.63 01/17/2024
Previous Month Ending 03/31/25
High $20.14 03/24/2025
Low $19.11 03/13/2025

Daily NAV & Distributions

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Economic Outlook

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Forms & Reports

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Important Disclosure

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 1-800-995-2637 or click here to view or download the JMCRX prospectus online.

The performance data quoted represents past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The average annual total returns assume reinvestment of income, dividends and capital gains distributions and reflect changes in net asset value. You should note that the James Advantage Funds are professionally managed mutual funds while the indices are unmanaged, do not incur expenses and are not available for investment.

The performance data quoted represents past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The average annual total returns assume reinvestment of income, dividends, and capital gains distributions and reflect changes in net asset value. You should note that the James Advantage Funds are professionally managed mutual funds while the indices are unmanaged, do not incur expenses, and are not available for investment.

Mid, Small and Micro Cap investing involve greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat. Fund holdings and sector weightings are subject to change without notice. Past performance is no guarantee of future results.