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Key Fund Facts:    
  Ticker Inception Date
Intrepid Capital Fund – Inv. (ICMBX) 1/3/2005
Intrepid Capital Fund – Inst. (ICMVX) 4/30/2010

Portfolio Management:
Mark Travis
Lead Portfolio Manager

Jayme Wiggins, CFA
Chief Investment Officer

Jason Lazarus, CFA
Vice President

Intrepid Capital Fund

Investment Objective: The primary investment objective of the Intrepid Capital Fund is long-term capital appreciation and high current income.

Investment Philosophy >>

Investment Strategy >>

Portfolio Construction >>

Risk Control >>


Mutual fund investing involves risk. Principal loss is possible.

The Funds' investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company. Please read it carefully before investing. A hard copy of the prospectus can be requested by calling 866-996-FUND (3863).

Intrepid Capital Management Funds are distributed by Quasar Distributors, LLC.

The Fund is subject to special risks including volatility due to investments in small-and mid-cap stocks and high yield securities. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher rated securities. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The risks of owning an ETF generally reflect the risks of owning the underlying securities they are designed to track, although lack of liquidity in an ETF could result in it being more volatile than the underlying portfolio of securities.

Diversification does not guarantee a profit or protect from loss in a declining market.

Free Cash Flow measures the cash generating capability of a company by subtracting capital expenditures from cash flow from operations.