Intrepid Capital Fund
Fund
ICMBX
Price as of:
$12.20
+ $0.02
+ 0.16%
Primary Theme
fund company
Name
As of 10/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
11.2%
1 yr return
17.4%
3 Yr Avg Return
4.2%
5 Yr Avg Return
7.4%
Net Assets
$45.2 M
Holdings in Top 10
40.2%
52 WEEK LOW AND HIGH
$12.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.99%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 17.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
ICMBX - Profile
Distributions
- YTD Total Return 11.2%
- 3 Yr Annualized Total Return 4.2%
- 5 Yr Annualized Total Return 7.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.46%
- Dividend Yield 2.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameIntrepid Capital Fund
-
Fund Family NameIntrepid Capital Management Funds Trust
-
Inception DateAug 03, 2005
-
Shares Outstanding1464519
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Travis
Fund Description
Under normal conditions, the Fund invests primarily in a diversified portfolio of undervalued small and medium capitalization (i.e., less than $25 billion of market capitalization) equity securities and high yield securities (also known as “junk bonds”). The Fund believes an equity security is undervalued if the market value of the outstanding equity security is less than the intrinsic value of the company issuing the equity security. Equity securities include common stocks, preferred stocks, convertible preferred stocks, warrants, options, exchange-traded funds (“ETFs”) and foreign securities, which include American Depository Receipts (“ADRs”).
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The Fund considers the intrinsic value of a company to be the present value of a company’s expected future stream of free cash flows discounted by an appropriate discount rate. After estimating the intrinsic value of a company, the Fund adjusts for debt, cash, and other potential capital (such as minority interest) on the company’s balance sheet. The Fund then makes buy/sell decisions by comparing a company’s market value with its intrinsic value estimates. The Fund seeks to invest in internally financed companies generating cash in excess of their business needs, with predictable revenue streams, and in industries with high barriers to entry.
The Fund’s investments in high yield securities will not be limited in duration, but typically will be in securities having a duration of two to six years at the time of purchase. Duration is a measure of a debt security’s price sensitivity, taking into
account a debt security’s cash flows over time. For example, a security with a duration of five years would likely drop five percent in value if interest rates rose one percentage point.
Additionally, the Fund’s investments in high yield securities will not be limited in credit rating, but typically will be in securities rated below-investment grade by a nationally recognized statistical rating agency. The Fund believes that these securities may be attractively priced relative to their risk because many institutional investors do not purchase less than investment grade debt securities.
In certain market conditions, the Adviser may determine that it is appropriate for the Fund to hold a significant cash position for an extended period of time. The Fund expects that it may maintain substantial cash positions when the Adviser determines that such cash holdings, given the risks the Adviser believes to be present in the market, are more beneficial to shareholders than investment in additional securities.
ICMBX - Performance
Return Ranking - Trailing
| Period | ICMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.2% | -3.1% | 46.2% | 66.52% |
| 1 Yr | 17.4% | -2.2% | 63.7% | 92.53% |
| 3 Yr | 4.2%* | -4.1% | 13.7% | 46.18% |
| 5 Yr | 7.4%* | -2.6% | 18.2% | 62.00% |
| 10 Yr | 4.1%* | 1.3% | 11.2% | 93.55% |
* Annualized
Return Ranking - Calendar
| Period | ICMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.3% | -12.2% | 23.9% | 61.96% |
| 2022 | -14.0% | -34.7% | 2.8% | 10.54% |
| 2021 | 10.4% | -11.9% | 18.1% | 15.45% |
| 2020 | 7.0% | -20.9% | 39.7% | 58.32% |
| 2019 | 0.9% | 0.8% | 25.7% | 99.84% |
Total Return Ranking - Trailing
| Period | ICMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.2% | -3.1% | 46.2% | 66.52% |
| 1 Yr | 17.4% | -2.2% | 63.7% | 92.53% |
| 3 Yr | 4.2%* | -4.1% | 13.7% | 46.18% |
| 5 Yr | 7.4%* | -2.6% | 18.2% | 62.00% |
| 10 Yr | 4.1%* | 1.3% | 11.2% | 93.55% |
* Annualized
Total Return Ranking - Calendar
| Period | ICMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.2% | -12.2% | 26.8% | 42.94% |
| 2022 | -11.9% | -29.0% | 10.9% | 24.01% |
| 2021 | 13.2% | -3.0% | 27.3% | 50.76% |
| 2020 | 13.0% | -19.5% | 40.6% | 48.34% |
| 2019 | 6.4% | 2.2% | 32.7% | 99.51% |
NAV & Total Return History
ICMBX - Holdings
Concentration Analysis
| ICMBX | Category Low | Category High | ICMBX % Rank | |
|---|---|---|---|---|
| Net Assets | 45.2 M | 789 K | 230 B | 91.27% |
| Number of Holdings | 47 | 2 | 16015 | 52.16% |
| Net Assets in Top 10 | 18.2 M | 577 K | 69.8 B | 91.64% |
| Weighting of Top 10 | 40.20% | 11.0% | 122.7% | 58.93% |
Top 10 Holdings
- Invesco Treasury Portfolio 5.28%
- Alphabet Inc 4.39%
- TJX Cos Inc/The 4.21%
- Copart Inc 4.17%
- Berkshire Hathaway Inc 4.14%
- Garmin Ltd 3.92%
- FRP Holdings Inc 3.71%
- Watsco Inc 3.60%
- Jefferies Financial Group Inc 3.39%
- Take-Two Interactive Software Inc 3.39%
Asset Allocation
| Weighting | Return Low | Return High | ICMBX % Rank | |
|---|---|---|---|---|
| Stocks | 65.51% | 0.00% | 100.16% | 57.78% |
| Bonds | 25.30% | 0.00% | 74.58% | 39.91% |
| Cash | 5.28% | -7.92% | 100.00% | 19.31% |
| Preferred Stocks | 4.26% | 0.00% | 23.91% | 3.17% |
| Convertible Bonds | 4.01% | 0.00% | 23.84% | 5.66% |
| Other | 0.07% | -42.55% | 113.97% | 37.61% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ICMBX % Rank | |
|---|---|---|---|---|
| Communication Services | 23.67% | 0.00% | 38.10% | 0.44% |
| Financial Services | 16.44% | 0.00% | 38.77% | 24.45% |
| Technology | 13.61% | 0.00% | 44.21% | 85.30% |
| Consumer Cyclical | 12.08% | 0.00% | 19.36% | 13.54% |
| Consumer Defense | 10.22% | 0.00% | 15.14% | 12.23% |
| Real Estate | 8.42% | 0.00% | 65.01% | 12.08% |
| Healthcare | 7.60% | 0.00% | 29.35% | 90.98% |
| Energy | 4.09% | 0.00% | 85.65% | 62.30% |
| Industrials | 3.87% | 0.00% | 24.37% | 97.23% |
| Utilities | 0.00% | 0.00% | 99.55% | 96.80% |
| Basic Materials | 0.00% | 0.00% | 33.35% | 98.54% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ICMBX % Rank | |
|---|---|---|---|---|
| US | 63.05% | 0.00% | 100.16% | 62.10% |
| Non US | 2.46% | 0.00% | 39.06% | 21.18% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | ICMBX % Rank | |
|---|---|---|---|---|
| Corporate | 92.34% | 0.00% | 98.21% | 3.05% |
| Cash & Equivalents | 5.28% | 0.00% | 99.92% | 19.31% |
| Derivative | 0.07% | -2.87% | 42.43% | 14.84% |
| Securitized | 0.00% | 0.00% | 92.13% | 96.52% |
| Municipal | 0.00% | 0.00% | 24.80% | 89.40% |
| Government | 0.00% | 0.00% | 97.26% | 97.82% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | ICMBX % Rank | |
|---|---|---|---|---|
| US | 25.30% | 0.00% | 74.58% | 39.05% |
| Non US | 0.00% | 0.00% | 14.05% | 75.65% |
ICMBX - Expenses
Operational Fees
| ICMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.99% | 0.03% | 17.63% | 9.31% |
| Management Fee | 1.00% | 0.00% | 1.83% | 97.14% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 43.34% |
| Administrative Fee | N/A | 0.01% | 0.83% | 37.12% |
Sales Fees
| ICMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| ICMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 0.00% | 2.00% | 42.11% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| ICMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 17.00% | 0.00% | 343.00% | 18.00% |
ICMBX - Distributions
Dividend Yield Analysis
| ICMBX | Category Low | Category High | ICMBX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.33% | 0.00% | 17.90% | 16.31% |
Dividend Distribution Analysis
| ICMBX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| ICMBX | Category Low | Category High | ICMBX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.46% | -2.34% | 19.41% | 32.84% |
Capital Gain Distribution Analysis
| ICMBX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.071 | OrdinaryDividend |
| Mar 28, 2024 | $0.212 | OrdinaryDividend |
| Dec 29, 2023 | $0.006 | OrdinaryDividend |
| Sep 29, 2023 | $0.109 | OrdinaryDividend |
| Jun 30, 2023 | $0.128 | OrdinaryDividend |
| Mar 31, 2023 | $0.226 | OrdinaryDividend |
| Sep 30, 2022 | $0.089 | OrdinaryDividend |
| Jun 30, 2022 | $0.058 | OrdinaryDividend |
| Mar 31, 2022 | $0.042 | OrdinaryDividend |
| Dec 31, 2021 | $0.076 | OrdinaryDividend |
| Sep 30, 2021 | $0.041 | OrdinaryDividend |
| Jun 30, 2021 | $0.027 | OrdinaryDividend |
| Mar 31, 2021 | $0.109 | OrdinaryDividend |
| Dec 31, 2020 | $0.035 | OrdinaryDividend |
| Sep 30, 2020 | $0.035 | OrdinaryDividend |
| Jun 30, 2020 | $0.020 | OrdinaryDividend |
| Mar 31, 2020 | $0.094 | OrdinaryDividend |
| Dec 31, 2019 | $0.355 | OrdinaryDividend |
| Sep 30, 2019 | $0.033 | OrdinaryDividend |
| Jun 28, 2019 | $0.046 | OrdinaryDividend |
| Mar 29, 2019 | $0.125 | OrdinaryDividend |
| Dec 28, 2018 | $0.190 | CapitalGainShortTerm |
| Sep 26, 2018 | $0.049 | OrdinaryDividend |
| Jun 27, 2018 | $0.031 | OrdinaryDividend |
| Mar 29, 2018 | $0.083 | OrdinaryDividend |
| Dec 27, 2017 | $0.029 | OrdinaryDividend |
| Dec 27, 2017 | $0.147 | CapitalGainShortTerm |
| Dec 27, 2017 | $0.095 | CapitalGainLongTerm |
| Sep 27, 2017 | $0.050 | OrdinaryDividend |
| Jun 28, 2017 | $0.036 | OrdinaryDividend |
| Mar 29, 2017 | $0.002 | OrdinaryDividend |
| Dec 29, 2016 | $0.150 | OrdinaryDividend |
| Dec 29, 2016 | $0.036 | CapitalGainShortTerm |
| Dec 29, 2016 | $0.206 | CapitalGainLongTerm |
| Sep 27, 2016 | $0.043 | OrdinaryDividend |
| Jun 28, 2016 | $0.036 | OrdinaryDividend |
| Mar 29, 2016 | $0.098 | OrdinaryDividend |
| Dec 29, 2015 | $0.099 | OrdinaryDividend |
| Dec 29, 2015 | $0.000 | CapitalGainLongTerm |
| Sep 28, 2015 | $0.061 | OrdinaryDividend |
| Jun 26, 2015 | $0.042 | OrdinaryDividend |
| Mar 27, 2015 | $0.029 | OrdinaryDividend |
| Dec 29, 2014 | $0.065 | OrdinaryDividend |
| Dec 29, 2014 | $0.411 | CapitalGainShortTerm |
| Dec 29, 2014 | $0.708 | CapitalGainLongTerm |
| Sep 26, 2014 | $0.032 | OrdinaryDividend |
| Jun 26, 2014 | $0.030 | OrdinaryDividend |
| Mar 27, 2014 | $0.024 | OrdinaryDividend |
| Dec 27, 2013 | $0.032 | OrdinaryDividend |
| Dec 27, 2013 | $0.367 | CapitalGainShortTerm |
| Dec 27, 2013 | $0.268 | CapitalGainLongTerm |
| Sep 25, 2013 | $0.035 | OrdinaryDividend |
| Jun 26, 2013 | $0.048 | OrdinaryDividend |
| Mar 27, 2013 | $0.029 | OrdinaryDividend |
| Dec 27, 2012 | $0.054 | OrdinaryDividend |
| Dec 27, 2012 | $0.299 | CapitalGainShortTerm |
| Dec 27, 2012 | $0.103 | CapitalGainLongTerm |
| Sep 25, 2012 | $0.052 | OrdinaryDividend |
| Jun 19, 2012 | $0.054 | OrdinaryDividend |
| Mar 28, 2012 | $0.043 | OrdinaryDividend |
| Dec 28, 2011 | $0.037 | OrdinaryDividend |
| Dec 28, 2011 | $0.536 | CapitalGainShortTerm |
| Dec 28, 2011 | $0.192 | CapitalGainLongTerm |
| Sep 27, 2011 | $0.051 | OrdinaryDividend |
| Jun 30, 2011 | $0.052 | OrdinaryDividend |
| Mar 30, 2011 | $0.029 | OrdinaryDividend |
| Dec 29, 2010 | $0.040 | OrdinaryDividend |
| Dec 29, 2010 | $0.270 | CapitalGainShortTerm |
| Dec 29, 2010 | $0.056 | CapitalGainLongTerm |
| Sep 29, 2010 | $0.031 | OrdinaryDividend |
| Jun 28, 2010 | $0.037 | OrdinaryDividend |
| Mar 26, 2010 | $0.039 | OrdinaryDividend |
| Dec 29, 2009 | $0.046 | OrdinaryDividend |
| Dec 29, 2009 | $0.151 | CapitalGainShortTerm |
| Sep 29, 2009 | $0.049 | OrdinaryDividend |
| Jun 26, 2009 | $0.054 | OrdinaryDividend |
| Mar 27, 2009 | $0.068 | OrdinaryDividend |
| Dec 29, 2008 | $0.064 | OrdinaryDividend |
| Dec 29, 2008 | $0.199 | CapitalGainLongTerm |
| Sep 25, 2008 | $0.043 | OrdinaryDividend |
| Jun 26, 2008 | $0.045 | OrdinaryDividend |
| Mar 27, 2008 | $0.042 | OrdinaryDividend |
| Dec 27, 2007 | $0.048 | OrdinaryDividend |
| Dec 27, 2007 | $0.105 | CapitalGainShortTerm |
| Dec 27, 2007 | $0.472 | CapitalGainLongTerm |
| Sep 27, 2007 | $0.054 | OrdinaryDividend |
| Jun 28, 2007 | $0.055 | OrdinaryDividend |
| Mar 28, 2007 | $0.174 | OrdinaryDividend |
| Dec 28, 2006 | $0.185 | OrdinaryDividend |
| Dec 28, 2006 | $0.006 | CapitalGainShortTerm |
| Dec 28, 2006 | $0.175 | CapitalGainLongTerm |
| Sep 28, 2006 | $0.048 | OrdinaryDividend |
| Jun 29, 2006 | $0.051 | OrdinaryDividend |
| Mar 30, 2006 | $0.046 | OrdinaryDividend |
| Dec 29, 2005 | $0.043 | OrdinaryDividend |
| Dec 29, 2005 | $0.096 | CapitalGainShortTerm |
| Sep 29, 2005 | $0.046 | OrdinaryDividend |
| Jun 29, 2005 | $0.020 | OrdinaryDividend |
ICMBX - Fund Manager Analysis
Managers
Mark Travis
Start Date
Tenure
Tenure Rank
Jan 03, 2005
17.42
17.4%
Mr. Travis, Portfolio Manager, is a founder and has been the President of Intrepid Capital Management, Inc. since 1994. Prior to founding the firm, Mr. Travis was Vice President of the Consulting Group of Smith Barney and its predecessor firms for ten years. Mr. Travis holds a BA in Economics from the University of Georgia.
Matt Parker
Start Date
Tenure
Tenure Rank
Jan 28, 2019
3.34
3.3%
Matt Parker is a co-lead portfolio manager of the Intrepid Endurance Fund. Mr. Parker joined the Adviser in 2014 and was named a Vice President of the Adviser in 2018. He primarily focuses on domestic small cap equity securities. Mr. Parker was a research analyst for the Adviser from 2014 to 2018 and primarily focused on international equity securities. Prior to joining the Adviser, Mr. Parker was an auditor for Ernst & Young LLP from 2011-2014. A CFA Charterholder and licensed CPA, Mr. Parker received his Master of Accounting degree and BS in Business Administration degree from the University of North Carolina at Chapel Hill.
Hunter Hayes
Start Date
Tenure
Tenure Rank
Jan 28, 2019
3.34
3.3%
Mr. Hayes joined the Adviser in 2017 and was named a Vice President of the Adviser in 2018. He primarily focuses on high yield fixed income investments and was previously a research analyst covering small-cap equity securities. Prior to joining the Adviser, Mr. Hayes was a high yield investment analyst for Eaton Vance from 2015-2017, and a business valuation associate for Deloitte from 2014-2015. He graduated Highest Honors from Auburn University in 2014 with a BSBA in Finance and a BM in Piano Performance.
Joe Van Cavage
Start Date
Tenure
Tenure Rank
Jan 28, 2019
3.34
3.3%
Mr. Van Cavage joined the Intrepid Capital Management Inc in 2018 as Vice President. He primarily focuses on domestic small cap equity securities. Prior to joining the Intrepid, Mr. Van Cavage was manager of Investor Relations at Vistra Energy Corp. from 2017-2018, Investor Relations Analyst at Murphy USA Inc. from 2016-2017, and Equity Research Analyst at River Road Asset Management LLC from 2011-2016. A CFA Charterholder, Mr. Van Cavage received his Master of Business Administration and BS in Civil Engineering degrees from the University of Florida.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.36 | 2.41 |