JFWD vs. ARKF ETF Comparison

Comparison of Jacob Funds Inc. Jacob Forward ETF (JFWD) to ARK Fintech Innovation ETF (ARKF)

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

$10.84

Average Daily Volume

304

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ARKF

ARK Fintech Innovation ETF

ARKF Description

ARKF is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital. It seeks to achieve this investment objective by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of financial technology (“Fintech”) innovation. A company is deemed to be engaged in the theme of Fintech innovation if (i) it derives a significant portion of its revenue or market value from the theme of Fintech innovation, or (ii) it has stated its primary business to be in products and services focused on the theme of Fintech innovation. The Adviser defines “Fintech innovation” as the introduction of a technologically enabled new product or service that potentially changes the way the financial sector works, which ARK believes includes but is not limited to the following business platforms: Transaction Innovations; Blockchain Technology; Risk Transformation; Frictionless Funding Platforms; Customer Facing Platforms; New Intermediaries;

Grade (RS Rating)

Last Trade

$30.99

Average Daily Volume

285,231

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JFWD	ARKF
30 Days	1.71%	6.39%
60 Days	1.69%	9.51%
90 Days	11.53%	22.30%
12 Months	53.96%	59.50%

5 Overlapping Holdings

Symbol	Grade	Weight in JFWD	Weight in ARKF	Overlap
COIN	C	1.25%	8.68%	1.25%
DKNG	F	4.63%	4.93%	4.63%
SOFI	A	2.04%	4.66%	2.04%
SQ	B	4.45%	6.27%	4.45%
Z	D	4.44%	0.99%	0.99%

JFWD Overweight 30 Positions Relative to ARKF

Symbol	Grade	Weight
HROW	C	8.41%
CDNA	D	5.36%
ESPR	C	4.93%
INSE	A	4.66%
PRCH	C	4.65%
AIOT	C	4.59%
HRTX	F	4.14%
DOCS	A	3.93%
MDB	F	3.91%
NET	B	3.44%
ATEC	C	2.63%
KRYS	C	2.6%
OPRX	F	2.6%
BRZE	F	2.35%
CFLT	A	2.29%
TELA	C	2.27%
CDXS	A	2.25%
APPS	B	2.13%
PHR	F	1.88%
IMMR	F	1.32%
FLUT	A	1.2%
IDYA	F	1.05%
HUYA	D	1.02%
ATHM	D	1.02%
CELC	D	0.91%
BEAM	F	0.87%
CRSP	C	0.78%
ARCT	F	0.76%
PI	C	0.71%
INVE	D	0.7%

JFWD Underweight 23 Positions Relative to ARKF

Symbol	Grade	Weight
SHOP	B	-8.86%
HOOD	B	-4.93%
TOST	A	-4.5%
PLTR	B	-4.11%
ROKU	D	-3.63%
MELI	A	-3.41%
RBLX	A	-3.11%
PINS	C	-2.97%
META	B	-2.73%
PATH	C	-2.46%
NU	C	-2.05%
SE	B	-2.03%
GLBE	B	-1.91%
PYPL	B	-1.66%
SPOT	A	-1.62%
INTU	D	-1.55%
NVDA	B	-1.53%
CRWD	C	-1.36%
ICE	C	-1.22%
RDDT	A	-1.16%
BILL	A	-1.08%
IBTA	A	-0.65%
AMZN	A	-0.45%