Overview

Investment Objective

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

Quick Stats09/30/2020

5.50%
Avg. Annual Return
-21.59%
YTD Return
$20.7
Daily Price
10/19/2020
$28 M
Net Assets
Previous Month09/30/20
High: $20.41
Low: $18.37

Investment Strategy

The James Small Cap Fund invests primarily in common stocks of small capitalization companies, defined by James as companies with capitalizations at the time of purchase no larger than the stocks in the Russell 2000® Index, which is the benchmark index for this fund. The Russell 2000® Index is constructed to provide a comprehensive capitalization weighted small cap universe of stocks and is reconstituted annually. As of December 31, 2019, the stock with the maximum capitalization in the Russell 2000® Index had a capitalization of $8.2 billion. The James Small Cap Fund is not indexed to the Russell 2000® and may hold securities not included in the index.

Daily Prices (NAV)10/19/2020

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

Ticker Expense Ratio Price / Share $ Change % Change 52 Week High 52 Week Low
JASCX 1.54% 20.70 -0.26 -1.24 25.26 13.85
Date Fund Price $ Change %

Fund Performance

    Daily Price & YTD ReturnData as of 10/19/2020 Total % ReturnData as of 09/30/2020 Average AnnualTotal % Return as of 09/30/2020  
Fund Name Ticker Price / Share $ Change YTD YTD 1 Mo 3 Mo 1 Yr 3 Yr 5 Yr 10 Yr S.I.
Small Cap
Inception Date: 10/02/1998
Total Expense Ratio: (1.54%)
JASCX 20.70 -0.26 -15.82 -21.59 -3.70 2.55 -15.95 -10.08 -2.34 4.40 5.50
Russell 2000 Index -8.69 -3.34 4.93 0.39 1.77 8.00 9.85 8.30
Russell 2000 Value Index -21.54 -4.65 2.56 -14.88 -5.13 4.11 7.09 7.79
    Daily Price & YTD ReturnData as of 10/19/2020 Total % ReturnData as of 09/30/2020 Average AnnualTotal % Return as of 09/30/2020  
Fund Name Ticker Price / Share $ Change YTD YTD 1 Mo 3 Mo 1 Yr 3 Yr 5 Yr 10 Yr S.I.
Small Cap
Inception Date: 10/02/1998
Total Expense Ratio: (1.54%)
JASCX 20.70 -0.26 -15.82 -21.59 -3.70 2.55 -15.95 -10.08 -2.34 4.40 5.50
Russell 2000 Index -8.69 -3.34 4.93 0.39 1.77 8.00 9.85 8.30
Russell 2000 Value Index -21.54 -4.65 2.56 -14.88 -5.13 4.11 7.09 7.79

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

JASCX

09/30/20 -3.70%
08/31/20 3.46%
07/31/20 2.93%
06/30/20 0.21%
05/31/20 4.69%

Calendar Year Total Returns

Holdings and Details

Top Five Sector Allocations09/30/2020

INFORMATION TECHNOLOGY 25.47%
FINANCIALS 20.21%
INDUSTRIALS 16.40%
CONSUMER DISCRETIONARY 11.00%
HEALTH CARE 8.46%

Total as % of Fund 81.54%

Top Five Industry Allocations09/30/2020

TECHNOLOGY DISTRIBUTORS 9.37%
SEMICONDUCTOR EQUIPMENT 8.34%
ELECTRICAL COMPONENTS & EQUIPMENT 7.63%
INVESTMENT BANKING & BROKERAGE 7.50%
HOMEBUILDING 6.36%

Total as % of Fund 39.20%

Top Ten Equity Holdings (% of Fund)09/30/2020

Nova Measuring Instruments Ltd 6.08%
Generac Holdings Inc 4.51%
Piper Sandler Cos 4.36%
Insight Enterprises Inc 3.99%
MDC Holdings Inc 3.89%
Boise Cascade Co 3.40%
Evercore Inc 3.13%
Encore Wire Corp 3.12%
Innoviva Inc 2.87%
American Equity Investment Life Holding Co 2.85%

Total as % of Fund 38.20%

Region Exposure Top Three09/30/2020

United States of America 87.26%
Israel 6.08%
Bermuda 3.90%

Total as % of Fund 97.24%

Subject to change

Fund Characteristics09/30/2020

TickerJASCX
Inception Date10/02/1998
Cusip470259508
Total Net Assets as of 10/19/2020 ($mil)$28.20
Price/Earnings Ratio (12m trailing) 15.11
Price/Book Ratio 2.74
Dividend Yield 2.05
Weighted Average Market Capitalization ($ mil) 2,718.9
Median Market Capitalization ($ mil)2,260.2
Total Number of Equity Issues53
Portfolio Turnover Rate (annualized as of Fiscal Year-End 11/01/19)35.00%

Asset Allocation09/30/2020

Equity: 99.15%
Fixed: 0%
Cash: 0.85%
Other: 0%

Market Capitalization Equity Holdings09/30/2020

(Less than $250 mil ): 0%
($250 - $1,000 mil): 9.4%
($1,000 - $4,000 mil): 71.19%
($4,000 - $7,000 mil): 14.86%
(Greater than $7,000 mil): 4.55%

Fund Operating Expenses11/01/2019

Management Fee1.24%
Distribution (12b-1) Fee0.25%
Other Expenses0.01%
Acquired Fund Fees and Expenses(AFFE)0.04%
Total Annual Fund Operating Expenses1.54%

Risk Measures (3yr Trailing)09/30/2020

1.03
Beta
0.97
R-Squared
24.17
Standard Deviation
-0.37
Sharpe Ratio
EX-Date Payable Date Reinvestment Price Dividend Type Dividend Amount
12/07/2018 12/10/2018 $22.53 Long Term Cap Gain $1.7170
12/07/2018 12/10/2018 $22.53 Short Term Cap Gain $0.4194
12/28/2017 12/29/2017 $30.47 Income $0.1896
12/05/2017 12/06/2017 $29.70 Long Term Cap Gain $6.4956
12/05/2017 12/06/2017 $29.70 Short Term Cap Gain $0.8672
12/29/2016 12/30/2016 $35.86 Income $0.1699
12/30/2015 12/31/2015 $31.42 Income $0.1223
12/03/2015 12/04/2015 $32.79 Long Term Cap Gain $1.2407
12/30/2014 12/31/2014 $33.92 Income $0.0000
12/04/2014 12/05/2014 $33.23 Long Term Cap Gain $0.0000
12/04/2014 12/05/2014 $33.23 Short Term Cap Gain $0.0000
12/30/2013 12/31/2013 $32.95 Income $0.9043
12/28/2012 12/31/2012 $24.10 Income $0.5120
12/29/2011 12/30/2011 $23.63 Income $0.0278
03/30/2011 03/31/2011 $23.30 Income $0.0000
12/30/2010 12/31/2010 $21.36 Income $0.0323
06/29/2010 06/30/2010 $17.63 Income $0.0019
03/30/2010 03/31/2010 $18.04 Income $0.0161
06/30/2009 06/30/2009 $14.18 Income $0.0178
03/31/2009 03/31/2009 $12.25 Income $0.0426
06/30/2008 06/30/2008 $20.04 Income $0.0231
03/31/2008 03/31/2008 $19.98 Income $0.0223
12/26/2007 12/26/2007 $22.37 Income $0.0547
06/29/2007 06/29/2007 $24.56 Income $0.0465
03/30/2007 03/30/2007 $23.50 Income $0.0239
12/29/2006 12/29/2006 $23.41 Income $0.0413
12/01/2006 12/01/2006 $23.35 Long Term Cap Gain $0.2163
12/30/2005 12/30/2005 $20.85 Income $0.0074
12/01/2005 12/01/2005 $21.35 Long Term Cap Gain $0.2992
09/30/2005 09/30/2005 $21.12 Income $0.0344
12/01/2004 12/01/2004 $18.59 Long Term Cap Gain $0.9965
12/24/2003 12/24/2003 $15.44 Income $0.0400
09/24/2003 09/24/2003 $13.43 Income $0.0199
06/25/2003 06/25/2003 $12.30 Income $0.0203
03/26/2003 03/26/2003 $10.00 Income $0.0708
12/26/2002 12/26/2002 $10.12 Income $0.0117
12/31/2001 12/31/2001 $10.40 Income $0.0129
12/28/1998 12/28/1998 $10.08 Income $0.0039

NAV History

Previous Year Ending 12/31/19
High $24.65 12/20/2019
Low $20.64 01/03/2019
Previous Month Ending 09/30/20
High $20.41 09/02/2020
Low $18.37 09/23/2020

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 a 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.