Endurance Fund

Fund Profile

Investment Style

US small-cap value

Firm Assets

$750 M

Fund Net Assets

$135.2 M

3-Star Overall Morningstar Rating (ICMAX) out of 358 Small 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 Institutional Class
Inception Date 10/03/2005 11/03/2009
CUSIP 461195109 461195505
NAV $13.95 $14.31
Investment Minimum $2,500 $250,000

Related Documents

Portfolio Management

Jayme Wiggins, CFA

Chief Investment Officer, Portfolio Manager

Jayme joined Intrepid Capital in 2002. As CIO, Mr. Wiggins oversees the investment process and team. He is the lead portfolio manager of the Intrepid Endurance Fund, the Intrepid Select Fund, and the separately managed Intrepid Small Cap and Intrepid Select portfolios. Mr. Wiggins is also a member of the investment team responsible for the Intrepid Capital Fund, and the Intrepid Balanced portfolio. He focuses on research and valuation of small-cap equity securities. Jayme has over 14 years of investment experience. A CFA Charterholder, Jayme received his MBA, summa cum laude, from Columbia Business School, and his BBA degree, summa cum laude, in Finance from Stetson University.

Jayme Wiggins, CFA

Hunter Hayes

Research Analyst

Hunter joined Intrepid Capital in 2017. He is a research analyst focusing primarily on small-cap equity securities. Mr. Hayes received his BS BA degree, magna cum laude, in Finance, and his BM degree, magna cum laude, in Performance Piano from Auburn University. He is a Level II candidate in the Chartered Financial Analyst® program.

Hunter Hayes
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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 Endurance Fund (ICMAX) was rated 1-Star, 1-Star and 4-Stars against the following numbers of Small Value funds over the following time periods: 358, 316 funds and 220 funds in the last three-, five- and 10-year periods, respectively.
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