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Key Fund Facts:    
  Ticker Inception Date
Intrepid Endurance Fund – Inv. ICMAX 10/3/2005
Intrepid Endurance Fund – Inst. ICMZX 11/3/2009

Portfolio Management:
Jayme Wiggins, CFA
Chief Investment Officer
Lead Portfolio Manager

Intrepid Endurance Fund

Investment Objective: The primary investment objective of the Intrepid Endurance Fund is long-term capital appreciation.

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 smaller companies, which involve additional risks such as limited liquidity and greater volatility. 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.