Disciplined Value Fund

Fund Profile

Investment Style

US mid-cap value

Firm Assets

$750 M

Fund Net Assets

$34.3 M

2-Star Overall Morningstar Rating (ICMCX) out of 365 Mid-Cap Value Funds as of 06/30/2018.

The Overall Morningstar Rating™ for a fund is derived from a weighted average of the fund’s three-, five-, and 10-year Morningstar Ratings metrics, which are based on risk-adjusted return performance.

Fund Statistics as of 07/18/18

Investor Class
Ticker ICMCX
Inception Date 10/31/2007
CUSIP 461195406
NAV $10.74
Investment Minimum $2,500

Related Documents

Portfolio Management

Clay Kirkland, CFA

Vice President, Portfolio Manager

Clay joined Intrepid Capital in 2012. He is the lead portfolio manager of the Intrepid Disciplined Value Fund and the separately managed Intrepid Disciplined Value portfolio. Mr. Kirkland focuses on research and valuation of mid- and large cap equity securities. A CFA Charterholder, Clay earned his MBA from Columbia Business School in 2011 and received his BS BA degree, cum laude, in Economics from Auburn University.

Clay Kirkland, CFA
2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating™ for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating™ metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
As of 6/30/18, the Intrepid Disciplined Value Fund was rated 2-Stars, 1-Star and 3-Stars against the following numbers of Mid-Cap Value funds over the following time periods: 365, 307 and 221 funds in the last three-, five- and ten-years, respectively.
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