# EDGAR Filing Document

**Accession Number:** 0001090372
**File Stem:** 0000894189-26-000981
**Filing Date:** 2026-1
**Character Count:** 32970
**Document Hash:** 11a8bcdc2f37921e9631a69277326f66
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-000981.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0000894189-26-000981

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260121

**DATE AS OF CHANGE**: 20260121

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Jacob Funds Inc.
- **CENTRAL INDEX KEY:** 0001090372

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09447
- **FILM NUMBER:** 26546411

**BUSINESS ADDRESS:**
- **STREET 1:** 727 2ND STREET, #106
- **CITY:** HERMOSA BEACH
- **STATE:** CA
- **ZIP:** 90254
- **BUSINESS PHONE:** 310-421-4942

**MAIL ADDRESS:**
- **STREET 1:** 727 2ND STREET, #106
- **CITY:** HERMOSA BEACH
- **STATE:** CA
- **ZIP:** 90254

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JACOB INTERNET FUND INC
- **DATE OF NAME CHANGE:** 20060106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JACOB INTERNET FUND
- **DATE OF NAME CHANGE:** 20060106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JACOB INTERNET FUND INC
- **DATE OF NAME CHANGE:** 19990713

## Series and Classes Contracts Data

### Jacob Discovery Fund (Series ID: S000038991)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000119838 | Investor Class      | JMCGX           |
| C000119839 | Institutional Class | JMIGX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Jacob Discovery Fund** | **Jacob Discovery Fund** | **Jacob Discovery Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 95.9%** | **Shares** | **Value**  |
| **Advertising - 2.5%** | **Advertising - 2.5%** | |
| IZEA Worldwide, Inc. <sup>(a)</sup> | 88650 | $445910 |
| **Arrangement of Transportation of Freight & Cargo - 3.9%** | **Arrangement of Transportation of Freight & Cargo - 3.9%** |  |
| Freightos Ltd. <sup>(a)</sup> | 226000 | 691560 |
| **Auto Dealers & Gasoline Stations - 1.7%** | **Auto Dealers & Gasoline Stations - 1.7%** |  |
| TrueCar, Inc. <sup>(a)</sup> | 141000 | 300330 |
| **Biological Products (No Diagnostic Substances) - 2.0%** | **Biological Products (No Diagnostic Substances) - 2.0%** |  |
| Cabaletta Bio, Inc. <sup>(a)</sup> | 45000 | 115650 |
| Precision BioSciences, Inc. <sup>(a)</sup> | 42089 | 228964 |
|  |  | 344614 |
| **Business Services, nec - 7.1%** | **Business Services, nec - 7.1%** |  |
| comScore, Inc. <sup>(a)</sup> | 79305 | 547204 |
| OptimizeRx Corp. <sup>(a)</sup> | 21154 | 323022 |
| Zhihu, Inc. - ADR <sup>(a)</sup> | 102366 | 377731 |
|  |  | 1247957 |
| **Calculating & Accounting Machines (No Electronic Computers) - 1.1%** | **Calculating & Accounting Machines (No Electronic Computers) - 1.1%** |  |
| Cantaloupe, Inc. <sup>(a)</sup> | 18325 | 195528 |
| **Catalog & Mail-Order Houses - 0.9%** | **Catalog & Mail-Order Houses - 0.9%** |  |
| Bed Bath & Beyond, Inc. <sup>(a)</sup> | 25000 | 150500 |
| **Communications Equipment - 4.5%** | **Communications Equipment - 4.5%** |  |
| Powerfleet, Inc. NJ <sup>(a)</sup> | 161121 | 800771 |
| **Computer Peripheral Equipment - 1.9%** | **Computer Peripheral Equipment - 1.9%** |  |
| Identiv, Inc. <sup>(a)</sup> | 99555 | 335500 |
| **Computer Processing & Data Preparation - 3.2%** | **Computer Processing & Data Preparation - 3.2%** |  |
| DouYu International Holdings Ltd. - ADR | 12000 | 85560 |
| HUYA, Inc. - ADR | 21000 | 59850 |
| Nextdoor Holdings, Inc. <sup>(a)</sup> | 51000 | 89250 |
| ReposiTrak, Inc. <sup>(b)</sup> | 24512 | 330422 |
|  |  | 565082 |
| **Consumer Credit Reporting, Collection Agencies - 0.9%** | **Consumer Credit Reporting, Collection Agencies - 0.9%** |  |
| CreditRiskMonitor.com, Inc. <sup>(a)</sup> | 66200 | 156232 |
| **Functions Related to Depository Banking, nec - 3.3%** | **Functions Related to Depository Banking, nec - 3.3%** |  |
| Usio, Inc. <sup>(a)</sup> | 410100 | 586443 |
| **Gold and Silver Ores - 2.4%** | **Gold and Silver Ores - 2.4%** |  |
| Solitario Resources Corp. <sup>(a)</sup> | 691306 | 427918 |
| **Help Supply Services - 2.4%** | **Help Supply Services - 2.4%** |  |
| Star Equity Holdings, Inc. <sup>(a)</sup> | 42235 | 428685 |
| **Industrial Organic Chemicals - 1.2%** | **Industrial Organic Chemicals - 1.2%** |  |
| Codexis, Inc. <sup>(a)</sup> | 116875 | 202194 |
| **Medical Laboratories - 14.9%** | **Medical Laboratories - 14.9%** |  |
| CareDx, Inc. <sup>(a)</sup> | 20300 | 362761 |
| Celcuity, Inc. <sup>(a)</sup> | 22409 | 2266446 |
|  |  | 2629207 |
| **Metal Mining - 3.2%** | **Metal Mining - 3.2%** |  |
| Western Copper & Gold Corp. <sup>(a)</sup> | 229950 | 563378 |
| **Mining & Quarrying of Nonmetallic Mineral (No Fuels) - 1.3%** | **Mining & Quarrying of Nonmetallic Mineral (No Fuels) - 1.3%** |  |
| Azimut Exploration, Inc. <sup>(a)</sup> | 442480 | 234957 |
| **Miscellaneous Amusement & Recreation - 2.9%** | **Miscellaneous Amusement & Recreation - 2.9%** |  |
| Inspired Entertainment, Inc. <sup>(a)</sup> | 62836 | 516512 |
| **Miscellaneous plastics products - 1.1%** | **Miscellaneous plastics products - 1.1%** |  |
| Lightwave Logic, Inc. <sup>(a)(b)</sup> | 45000 | 195300 |
| **Motion Picture & Video Tape Production - 3.9%** | **Motion Picture & Video Tape Production - 3.9%** |  |
| Thunderbird Entertainment Group, Inc. <sup>(a)</sup> | 625135 | 681397 |
| **Orthopedic, Prosthetic & Surgical Appliances & Supplies - 1.5%** | **Orthopedic, Prosthetic & Surgical Appliances & Supplies - 1.5%** |  |
| Inogen, Inc. <sup>(a)</sup> | 37000 | 261960 |
| **Patent Owners & Lessors - 1.7%** | **Patent Owners & Lessors - 1.7%** |  |
| Immersion Corp. | 43182 | 307024 |
| **Personal Services - 1.9%** | **Personal Services - 1.9%** |  |
| WM Technology, Inc. <sup>(a)</sup> | 396788 | 336079 |
| **Pharmaceutical Preparations - 17.6%** | **Pharmaceutical Preparations - 17.6%** |  |
| Arcturus Therapeutics Holdings, Inc. <sup>(a)</sup> | 7870 | 53437 |
| Cartesian Therapeutics, Inc. <sup>(a)(b)</sup> | 12500 | 93625 |
| DiaMedica Therapeutics, Inc. <sup>(a)(b)</sup> | 78730 | 679440 |
| Esperion Therapeutics, Inc. <sup>(a)(b)</sup> | 65000 | 260650 |
| Harrow, Inc. <sup>(a)</sup> | 19047 | 795784 |
| Heron Therapeutics, Inc. <sup>(a)</sup> | 121960 | 141473 |
| Ideaya Biosciences, Inc. <sup>(a)</sup> | 11335 | 403753 |
| Omeros Corp. <sup>(a)(b)</sup> | 70000 | 678300 |
|  |  | 3106462 |
| **Real Estate - 1.0%** | **Real Estate - 1.0%** |  |
| Porch Group, Inc. <sup>(a)</sup> | 18050 | 174905 |
| **Surgical & Medical Instruments & Apparatus - 5.9%** | **Surgical & Medical Instruments & Apparatus - 5.9%** |  |
| Alphatec Holdings, Inc. <sup>(a)</sup> | 27700 | 624635 |
| Cerus Corp. <sup>(a)</sup> | 163000 | 286880 |
| Tela Bio, Inc. <sup>(a)</sup> | 119775 | 137741 |
|  |  | 1049256 |
| **TOTAL COMMON STOCKS** (Cost $16,765,296) | **TOTAL COMMON STOCKS** (Cost $16,765,296) | 16935661 |
| **PREFERRED STOCKS - 0.1%** | **Shares** | **Value**  |
| **Advertising Agencies - 0.1%** | **Advertising Agencies - 0.1%** |  |
|  SRAX INC-PFD, 0.00% <sup>(c)</sup> | 368541 | 8808 |
| **TOTAL PREFERRED STOCKS** (Cost $18,017) | **TOTAL PREFERRED STOCKS** (Cost $18,017) | 8808 |
| **WARRANTS - 0.0% <sup>(d)</sup>** | **Contracts** | **Value**  |
| **Catalog & Mail-Order Houses *-* 0.0%<sup>(d)</sup>** | **Catalog & Mail-Order Houses *-* 0.0%<sup>(d)</sup>** |  |
| Bed Bath & Beyond, Inc., Expires 10/07/2026, Exercise Price $15.50 <sup>(a)</sup> | 2300 | 1702 |
| **TOTAL WARRANTS** (Cost $0) | **TOTAL WARRANTS** (Cost $0) | 1702 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 11.7%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 3.92% <sup>(e)</sup> | 2062987 | 2062987 |
| **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $2,062,987) | **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $2,062,987) | 2062987 |
| **MONEY MARKET FUNDS - 4.1%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 3.92% <sup>(e)</sup> | 735372 | 735372 |
| **TOTAL MONEY MARKET FUNDS** (Cost $735,372) | **TOTAL MONEY MARKET FUNDS** (Cost $735,372) | 735372 |
| **TOTAL INVESTMENTS - 111.8% (**Cost $19,581,672**)** | **TOTAL INVESTMENTS - 111.8% (**Cost $19,581,672**)** | 19744530 |
| Liabilities in Excess of Other Assets - (11.8)% | Liabilities in Excess of Other Assets - (11.8)% | (2085319) |
| **TOTAL NET ASSETS - 100.0%** |  | $17659211 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |
| Schedule of Investments is classified using the U.S. Securities and Exchange Commission's Standard Industrial Classification (SIC) Code List. | Schedule of Investments is classified using the U.S. Securities and Exchange Commission's Standard Industrial Classification (SIC) Code List. | Schedule of Investments is classified using the U.S. Securities and Exchange Commission's Standard Industrial Classification (SIC) Code List. |

---

ADR - American Depositary Receipt<br>

(a) Non-income producing security.

(b) All or a portion of this security is on loan as of November 30, 2025. The fair value of these securities was $1,951,481.

(c) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $8,808 or
 0.0% of net assets as of November 30, 2025.

(d) Represents less than 0.05% of net assets.

(e) The rate shown represents the 7-day annualized yield as of November 30, 2025.

------

#### <br>

#### Summary of Fair Value Disclosure as of November 30, 2025 (Unaudited)
Jacob Discovery Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of November 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $16779429 | $156232 | $– | $16935661 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | – | – | 8808 | 8808 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Warrants | 1702 | – | – | 1702 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Investments Purchased with Proceeds from Securities Lending | 2062987 | – | – | 2062987 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 735372 | – | – | 735372 |
| Total Investments | $19579490 | $156232 | $8808 | $19744530 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |
| Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. |

---

---

| | |
|:---|:---|
| The following is a reconciliation of Level 3 investments for the period from September 1, 2025 to November 30, 2025: | The following is a reconciliation of Level 3 investments for the period from September 1, 2025 to November 30, 2025: |
|  | **Preferred Stocks** |
| **Beginning Balance – Septemer 1, 2025** | $8808 |
| Acquisitions | - |
| Change in unrealized appreciation (depreciation) | - |
| **Ending Balance – November 30, 2025** | $8808 |
| **Change in unrealized appreciation/deprecation on investments still held at November 30, 2025** | $- |

---

The Discovery Fund received preferred shares of SRAX, Inc. (the "Company") as part of a corporate action spin off from the parent security, SRAX, Inc. – common stock on September 28, 2021. The corporate action noted that the preferred shares will hold approximately $6.5 million worth of Sequire client stock, the Company's SasS data platform. During period ended November 30, 2025, the Adviser determined the fair value of the preferred shares of SRAX, Inc. considering available information including the percentage of cost factor transferred to the preferred shares, underlying value of the positions, and disclosures made by the Company in its financial reporting. The preferred shares of SRAX, Inc. are non-transferrable and non-tradable.<br>

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Jacob Funds Inc.

- **b. Investment Company Act file number:** 811-09447

- **c. CIK number of Registrant:** 0001090372

- **d. LEI of Registrant:** 5493006PQB1DQR6P2S14

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 727 2nd Street

  - **City:** Hermosa Beach

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90254

  - **Telephone number:** 424-237-2164

**Item A.2. Information about the Series.**

- **a. Name of Series:** Jacob Discovery Fund

- **b. EDGAR series identifier (if any):** S000038991

- **c. LEI of Series:** 5493000WWZH4O2SJD714

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $19895753.39

**Total Liabilities:** $2237784.26

**Net Assets:** $17657969.13

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000119838 | 4.23%                | 4.30%                | 3.33%                |
| Class ID C000119839 | 4.30%                | 4.31%                | 3.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $432458.88               | $277417.78                                 |
| Month 2  | $-25307.11               | $763296.33                                 |
| Month 3  | $684341.74               | $-90079.00                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Star Equity Holdings Inc       | Star Equity Holdings Inc                   | CUSIP: 443787205<br>LEI: 54930073WVI9H7ILKL69 | Long             | EC               | CORP              | US        |     42235 | NS      | $428685.25    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextdoor Holdings Inc          | Nextdoor Holdings Inc                      | CUSIP: 65345M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51000 | NS      | $89250.00     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Omeros Corp                    | Omeros Corp                                | CUSIP: 682143102<br>LEI: 549300CJWLXX2MXVVV71 | Long             | EC               | CORP              | US        |     70000 | NS      | $678300.00    | 3.84%             |  |  |  | No            |                  1 | On Loan: —       |
| OptimizeRx Corp                | OptimizeRx Corp                            | CUSIP: 68401U204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21154 | NS      | $323021.58    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Porch Group Inc                | Porch Group Inc                            | CUSIP: 733245104<br>LEI: 549300NXEI7CVW8IXQ90 | Long             | EC               | CORP              | US        |     18050 | NS      | $174904.50    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Powerfleet Inc NJ              | Powerfleet Inc NJ                          | CUSIP: 73931J109<br>LEI: 2549007NKEFPYEH4MF81 | Long             | EC               | CORP              | US        |    161121 | NS      | $800771.37    | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| WM Technology Inc              | WM Technology Inc                          | CUSIP: 92971A109<br>LEI: 549300APSNIYJ4PTIL34 | Long             | EC               | CORP              | US        |    396788 | NS      | $336079.44    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Copper & Gold Corp     | Western Copper & Gold Corp                 | CUSIP: 95805V108<br>LEI: 529900DF4NXAM6X99014 | Long             | EC               | CORP              | CA        |    229950 | NS      | $563377.50    | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhihu Inc                      | Zhihu Inc                                  | CUSIP: 98955N207<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    102366 | NS      | $377730.54    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabaletta Bio Inc              | Cabaletta Bio Inc                          | CUSIP: 12674W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45000 | NS      | $115650.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Cantaloupe Inc                 | Cantaloupe Inc                             | CUSIP: 138103106<br>LEI: 529900O54DBQQVWO9Q85 | Long             | EC               | CORP              | US        |     18325 | NS      | $195527.75    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CareDx Inc                     | CareDx Inc                                 | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |     20300 | NS      | $362761.00    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Celcuity Inc                   | Celcuity Inc                               | CUSIP: 15102K100<br>LEI: 25490070W7UU7W2SEY87 | Long             | EC               | CORP              | US        |     22409 | NS      | $2266446.26   | 12.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Cerus Corp                     | Cerus Corp                                 | CUSIP: 157085101<br>LEI: 254900BIEY9XIDA04Q21 | Long             | EC               | CORP              | US        |    163000 | NS      | $286880.00    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Codexis Inc                    | Codexis Inc                                | CUSIP: 192005106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116875 | NS      | $202193.75    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| comScore Inc                   | comScore Inc                               | CUSIP: 20564W204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     79305 | NS      | $547204.50    | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CreditRiskMonitor.com Inc      | CreditRiskMonitor.com Inc                  | CUSIP: 225426105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66200 | NS      | $156232.00    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| DiaMedica Therapeutics Inc     | DiaMedica Therapeutics Inc                 | CUSIP: 25253X207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78730 | NS      | $679439.90    | 3.85%             |  |  |  | No            |                  1 | On Loan: —       |
| DouYu International Holdings L | DouYu International Holdings Ltd           | CUSIP: 25985W204<br>LEI: 549300M2ADOHTIMACT54 | Long             | EC               | CORP              | CN        |     12000 | NS      | $85560.00     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Esperion Therapeutics Inc      | Esperion Therapeutics Inc                  | CUSIP: 29664W105<br>LEI: 549300OFU56UKEWVUS92 | Long             | EC               | CORP              | US        |     65000 | NS      | $260650.00    | 1.48%             |  |  |  | No            |                  1 | On Loan: —       |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   2798359 | NS      | $2798359.36   | 15.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Harrow Inc                     | Harrow Inc                                 | CUSIP: 415858109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19047 | NS      | $795783.66    | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Heron Therapeutics Inc         | Heron Therapeutics Inc                     | CUSIP: 427746102<br>LEI: 549300DR2I1DOPD2IX53 | Long             | EC               | CORP              | US        |    121960 | NS      | $141473.60    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| HUYA Inc                       | HUYA Inc                                   | CUSIP: 44852D108<br>LEI: 549300WPEZ00T1MABE80 | Long             | EC               | CORP              | CN        |     21000 | NS      | $59850.00     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ideaya Biosciences Inc         | Ideaya Biosciences Inc                     | CUSIP: 45166A102<br>LEI: 549300ULW08F62IJML11 | Long             | EC               | CORP              | US        |     11335 | NS      | $403752.70    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Identiv Inc                    | Identiv Inc                                | CUSIP: 45170X205<br>LEI: 5299008KH3C585Z0DS77 | Long             | EC               | CORP              | US        |     99555 | NS      | $335500.35    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Immersion Corp                 | Immersion Corp                             | CUSIP: 452521107<br>LEI: 529900AKNC1UAMQ2YB35 | Long             | EC               | CORP              | US        |     43182 | NS      | $307024.02    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Inogen Inc                     | Inogen Inc                                 | CUSIP: 45780L104<br>LEI: 549300J8WJIVTOJ8IH97 | Long             | EC               | CORP              | US        |     37000 | NS      | $261960.00    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspired Entertainment Inc     | Inspired Entertainment Inc                 | CUSIP: 45782N108<br>LEI: 549300ZUGYK6NBIU6D69 | Long             | EC               | CORP              | US        |     62836 | NS      | $516511.92    | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Bed Bath & Beyond Inc          | Bed Bath & Beyond Inc                      | CUSIP: 690370101<br>LEI: 549300ACR0DL9U7EI710 | Long             | EC               | CORP              | US        |     25000 | NS      | $150500.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Cartesian Therapeutics Inc     | Cartesian Therapeutics Inc                 | CUSIP: 816212302<br>LEI: 529900NMN0LACZOL7C43 | Long             | EC               | CORP              | US        |     12500 | NS      | $93625.00     | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Freightos Ltd                  | Freightos Ltd                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |    226000 | NS      | $691560.00    | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Tela Bio Inc                   | Tela Bio Inc                               | CUSIP: 872381108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    119775 | NS      | $137741.25    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Thunderbird Entertainment Grou | Thunderbird Entertainment Group Inc        | CUSIP: 88605U107<br>LEI: 549300UXXHTSX6VCMJ56 | Long             | EC               | CORP              | CA        |    625135 | NS      | $681397.15    | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| TrueCar Inc                    | TrueCar Inc                                | CUSIP: 89785L107<br>LEI: 549300KK16488YXWVE52 | Long             | EC               | CORP              | US        |    141000 | NS      | $300330.00    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Usio Inc                       | Usio Inc                                   | CUSIP: 917313108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    410100 | NS      | $586443.00    | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings Inc          | Alphatec Holdings Inc                      | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Long             | EC               | CORP              | US        |     27700 | NS      | $624635.00    | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcturus Therapeutics Holdings | Arcturus Therapeutics Holdings Inc         | CUSIP: 03969T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7870 | NS      | $53437.30     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BED BATH & BEYOND INC          | Bed Bath & Beyond Inc                      | CUSIP: 075896159<br>LEI: 549300ACR0DL9U7EI710 | N/A              | DE               | CORP              | US        |      2300 | NS      | $1702.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Azimut Exploration Inc         | Azimut Exploration Inc                     | CUSIP: 301950101<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    442480 | NS      | $234956.88    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| IZEA Worldwide Inc             | IZEA Worldwide Inc                         | CUSIP: 46604H204<br>LEI: 549300ZNN8UBT1IUHO61 | Long             | EC               | CORP              | US        |     88650 | NS      | $445909.50    | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Lightwave Logic Inc            | Lightwave Logic Inc                        | CUSIP: 532275104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45000 | NS      | $195300.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: —       |
| ReposiTrak Inc                 | ReposiTrak Inc                             | CUSIP: 700215304<br>LEI: 5299008X1VJFCKZ94E34 | Long             | EC               | CORP              | US        |     24512 | NS      | $330421.76    | 1.87%             |  |  |  | No            |                  1 | On Loan: —       |
| Precision BioSciences Inc      | Precision BioSciences Inc                  | CUSIP: 74019P207<br>LEI: 549300I5QGRS3BLHZH41 | Long             | EC               | CORP              | US        |     42089 | NS      | $228964.16    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SRAX INC-PFD                   | SRAX INC-PFD                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    368541 | NS      | $8808.13      | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| Solitario Resources Corp       | Solitario Resources Corp                   | CUSIP: 8342EP107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    691306 | NS      | $427918.41    | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-20

**Name of Applicant:** Jacob Funds Inc.

**Signature:** /s/ Ryan Jacob

**Name of Signer:** Jacob Funds Inc.

**Title:** President/Principal Executive Officer