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Intrepid Small Cap Fund
mutual fund
ICMAX
Payout Change
Pending
Price as of:
$16.2489
+0.25
+1.56%
primary theme
N/A
share class
ICMAX (Mutual Fund)
Intrepid Small Cap Fund
Payout Change
Pending
Price as of:
$16.2489
+0.25
+1.56%
primary theme
N/A
share class
ICMAX (Mutual Fund)
Intrepid Small Cap Fund
Payout Change
Pending
Price as of:
$16.2489
+0.25
+1.56%
primary theme
N/A
share class
Name
As of 11/22/2024Price
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
2.8%
1 yr return
11.2%
3 Yr Avg Return
-2.7%
5 Yr Avg Return
3.6%
Net Assets
$37.6 M
Holdings in Top 10
48.8%
52 WEEK LOW AND HIGH
$16.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.96%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 81.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/22/2024Price
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
ICMAX - Profile
Distributions
- YTD Total Return 2.8%
- 3 Yr Annualized Total Return -2.7%
- 5 Yr Annualized Total Return 3.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.04%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameIntrepid Small Cap Fund
-
Fund Family NameIntrepid Capital Management Funds Trust
-
Inception DateOct 24, 2005
-
Shares Outstanding2276288
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatt Parker
Fund Description
Under normal conditions, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in a diversified portfolio of equity securities of small capitalization companies. The Fund defines small capitalization companies to include companies having a capitalization that does not exceed the upper limit of the capitalization ranges of the higher of the Morningstar Small Cap Index or the S&P SmallCap 600® Index during the most recent 12 months. For the 12 months ended December 31, 2023 this limit was approximately $22 billion. Equity securities include common stocks, preferred stocks, convertible preferred stocks, warrants, options, ETFs and foreign securities, which include ADRs.
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The Fund invests in undervalued equity securities and 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. 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. In determining the presence of these factors, the Fund’s investment adviser reviews periodic reports filed with the Securities and Exchange Commission as well as industry publications. The Fund may engage in short-term trading.
The Fund may hold in excess of 25% of its assets in cash or cash equivalents at any time and for an extended 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.
ICMAX - Performance
Return Ranking - Trailing
| Period | ICMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.8% | 0.6% | 124.6% | 99.64% |
| 1 Yr | 11.2% | 5.9% | 121.9% | 99.64% |
| 3 Yr | -2.7%* | -15.9% | 61.5% | 73.52% |
| 5 Yr | 3.6%* | -2.2% | 48.6% | 96.32% |
| 10 Yr | 1.9%* | 1.8% | 25.3% | 100.00% |
* Annualized
Return Ranking - Calendar
| Period | ICMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.7% | -20.5% | 54.6% | 73.26% |
| 2022 | -20.3% | -82.1% | 32.2% | 6.11% |
| 2021 | 6.6% | -90.6% | 300.1% | 16.26% |
| 2020 | 20.8% | -63.0% | 127.9% | 78.88% |
| 2019 | 5.7% | -7.7% | 42.9% | 97.41% |
Total Return Ranking - Trailing
| Period | ICMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.8% | 0.6% | 124.6% | 99.64% |
| 1 Yr | 11.2% | 5.9% | 121.9% | 99.64% |
| 3 Yr | -2.7%* | -15.9% | 61.5% | 73.52% |
| 5 Yr | 3.6%* | -2.2% | 48.6% | 96.32% |
| 10 Yr | 1.9%* | 1.8% | 25.3% | 100.00% |
* Annualized
Total Return Ranking - Calendar
| Period | ICMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.6% | -19.0% | 136.8% | 80.40% |
| 2022 | -20.3% | -59.9% | 44.3% | 12.22% |
| 2021 | 6.6% | -22.7% | 411.9% | 66.36% |
| 2020 | 21.7% | 1.5% | 150.8% | 92.05% |
| 2019 | 6.5% | 5.5% | 55.3% | 99.80% |
NAV & Total Return History
ICMAX - Holdings
Concentration Analysis
| ICMAX | Category Low | Category High | ICMAX % Rank | |
|---|---|---|---|---|
| Net Assets | 37.6 M | 209 K | 34.3 B | 92.70% |
| Number of Holdings | 28 | 7 | 1226 | 97.45% |
| Net Assets in Top 10 | 20.6 M | 53.8 K | 3.24 B | 89.05% |
| Weighting of Top 10 | 48.82% | 7.5% | 100.0% | 6.03% |
Top 10 Holdings
- FRP Holdings Inc 6.30%
- Fabrinet 5.40%
- WNS Holdings Ltd 5.21%
- iShares Gold Trust 4.70%
- Valvoline Inc 4.68%
- Becle SAB de CV 4.58%
- Invesco Treasury Portfolio 4.57%
- Park Aerospace Corp 4.57%
- Franklin Covey Co 4.47%
- Pagseguro Digital Ltd 4.33%
Asset Allocation
| Weighting | Return Low | Return High | ICMAX % Rank | |
|---|---|---|---|---|
| Stocks | 97.77% | 90.19% | 107.62% | 60.22% |
| Cash | 4.57% | 0.00% | 28.78% | 15.88% |
| Preferred Stocks | 0.00% | 0.00% | 4.63% | 62.41% |
| Other | 0.00% | -0.26% | 6.70% | 67.88% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 59.49% |
| Bonds | 0.00% | 0.00% | 2.40% | 59.12% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ICMAX % Rank | |
|---|---|---|---|---|
| Technology | 24.10% | 2.91% | 75.51% | 58.58% |
| Industrials | 16.14% | 0.00% | 36.64% | 62.41% |
| Healthcare | 13.15% | 0.00% | 47.90% | 91.24% |
| Financial Services | 11.49% | 0.00% | 42.95% | 19.71% |
| Consumer Cyclical | 10.45% | 0.00% | 24.04% | 71.35% |
| Energy | 8.08% | 0.00% | 55.49% | 4.56% |
| Real Estate | 7.45% | 0.00% | 15.31% | 7.48% |
| Communication Services | 4.58% | 0.00% | 15.31% | 12.41% |
| Consumer Defense | 4.56% | 0.00% | 13.56% | 36.68% |
| Utilities | 0.00% | 0.00% | 5.57% | 69.89% |
| Basic Materials | 0.00% | 0.00% | 9.24% | 92.70% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ICMAX % Rank | |
|---|---|---|---|---|
| US | 93.19% | 17.30% | 107.62% | 89.78% |
| Non US | 4.58% | 0.00% | 77.12% | 5.11% |
ICMAX - Expenses
Operational Fees
| ICMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.96% | 0.05% | 23.20% | 13.53% |
| Management Fee | 1.00% | 0.05% | 1.62% | 90.49% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 50.33% |
| Administrative Fee | N/A | 0.01% | 0.40% | 50.00% |
Sales Fees
| ICMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| ICMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 45.83% |
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.
| ICMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 81.00% | 3.00% | 264.00% | 70.63% |
ICMAX - Distributions
Dividend Yield Analysis
| ICMAX | Category Low | Category High | ICMAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.43% | 0.00% | 6.91% | 6.57% |
Dividend Distribution Analysis
| ICMAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| ICMAX | Category Low | Category High | ICMAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.04% | -2.47% | 1.10% | 76.94% |
Capital Gain Distribution Analysis
| ICMAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 20, 2024 | $0.069 | OrdinaryDividend |
| Dec 29, 2023 | $0.129 | OrdinaryDividend |
| Dec 31, 2019 | $0.110 | OrdinaryDividend |
| Dec 28, 2018 | $0.071 | OrdinaryDividend |
| Dec 27, 2017 | $0.382 | CapitalGainShortTerm |
| Dec 27, 2017 | $0.119 | CapitalGainLongTerm |
| Dec 27, 2017 | $0.006 | OrdinaryDividend |
| Dec 29, 2016 | $0.131 | CapitalGainShortTerm |
| Dec 29, 2016 | $0.010 | CapitalGainLongTerm |
| Dec 29, 2015 | $0.181 | OrdinaryDividend |
| Dec 29, 2014 | $0.084 | CapitalGainShortTerm |
| Dec 29, 2014 | $1.514 | CapitalGainLongTerm |
| Dec 27, 2013 | $0.378 | CapitalGainShortTerm |
| Dec 27, 2013 | $0.304 | CapitalGainLongTerm |
| Dec 27, 2012 | $0.647 | CapitalGainShortTerm |
| Dec 27, 2012 | $0.605 | CapitalGainLongTerm |
| Dec 28, 2011 | $0.823 | CapitalGainShortTerm |
| Dec 28, 2011 | $1.047 | CapitalGainLongTerm |
| Dec 29, 2010 | $0.669 | CapitalGainShortTerm |
| Dec 29, 2010 | $0.281 | CapitalGainLongTerm |
| Dec 29, 2009 | $0.836 | CapitalGainShortTerm |
| Dec 29, 2009 | $0.009 | CapitalGainLongTerm |
| Dec 29, 2008 | $0.184 | CapitalGainShortTerm |
| Dec 29, 2008 | $0.048 | CapitalGainLongTerm |
| Dec 29, 2008 | $0.016 | OrdinaryDividend |
| Dec 27, 2007 | $0.388 | CapitalGainShortTerm |
| Dec 27, 2007 | $0.052 | CapitalGainLongTerm |
| Dec 27, 2007 | $0.110 | OrdinaryDividend |
| Dec 28, 2006 | $0.035 | OrdinaryDividend |
| Sep 28, 2006 | $0.047 | OrdinaryDividend |
| Jun 29, 2006 | $0.051 | OrdinaryDividend |
| Mar 30, 2006 | $0.043 | OrdinaryDividend |
ICMAX - Fund Manager Analysis
Managers
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 | 30.44 | 9.12 | 5.25 |
