Endurance Fund

Fund Profile

Investment Style

US small-cap value

Firm Assets

$500 M

Fund Net Assets

$106.4 M

2-Star Overall Morningstar Rating (ICMAX) out of 373 Small Value Funds as of 12/31/2018.

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

Fund Statistics

Investor Class Institutional Class
Inception Date 10/03/2005 11/03/2009
CUSIP 461195109 461195505
Investment Minimum $2,500 $250,000

Related Documents

Portfolio Management

Mark Travis

Chief Executive Officer, President

Mark is a co-founder of Intrepid Capital.  He is the lead portfolio manager of the Intrepid Capital Fund, the Intrepid Endurance Fund, the separately managed Intrepid Balanced and Small Cap portfolios, and the Intrepid Capital, L.P.

Mark is also the co-lead portfolio manager of the Intrepid Select Fund, the Intrepid Income Fund, and the separately managed Intrepid Select and Intrepid Income portfolios.  Mr. Travis is also part of the investment team responsible for the Intrepid Disciplined Value Fund and the separately managed Intrepid Disciplined Value portfolio.  He has over 30 years of experience in asset management.

Mark received his BA degree in Economics from the University of Georgia.  Mr. Travis serves on the Board of Trustees of The Bolles School and the Board of Directors of Jacksonville Clay Target Sports.  He is also a member of the Ponte Vedra Rotary Club and YPO-WPO.

Endurance Fund

Matt Parker, CFA, CPA

Research Analyst

Matt joined Intrepid Capital in 2014. He is a research analyst focusing primarily on equity securities and is responsible for the performance reporting of all separately managed accounts and composites.  A CFA Charterholder, Mr. Parker received his Master of Accounting degree and a BS in Business Administration degree from the University of North Carolina at Chapel Hill.

Endurance Fund

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.

Endurance Fund
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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 12/31/18, The Intrepid Endurance Fund (ICMAX) was rated 2-Stars, 3-Stars and 2-Stars against the following numbers of Small Value funds over the following time periods: 373, 327 funds and 228 funds in the last three-, five- and 10-year periods, respectively.
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