Income Fund

Quarterly Performance as of 12/31/24 (%)

  Total Return Average Annualized Total Return
Qtr. YTD 1 Year 3 Year 5 Year 10 Year 15 Year Since Inception
Income Fund - Inst. 1.65 10.42 10.42 5.84 7.25 5.18 4.75 4.68
Bloomberg 1-5 Year Gov/Credit Index -0.71 3.76 3.76 0.94 1.29 1.66 1.85 2.43
Bloomberg US Agg Bond Index -3.06 1.25 1.25 -2.41 -0.33 1.35 2.37 2.99

Performance data quoted represents past performance and does not guarantee future results. Investment returns and principal value will fluctuate, and when sold, may be worth more or less than their original cost. Performance current to the most recent month-end may be lower or higher than the performance quoted and can be obtained by calling 866-996-FUND. The Fund imposes a 2% redemption fee on shares held for 30 days or less. Performance data does not reflect the redemption fee. If it had, returns would be reduced. Per the Prospectus dated January 31, 2024, the annual operating expense (gross) for the Intrepid Income Fund-Institutional Share Class is 1.04% (gross). The net expense ratio is 1.01%. The Advisor has contractually agreed to reduce its fees until January 31, 2025.

Annual Performance

  Institutional Bloomberg 1-5 Year Gov/Credit Index Bloomberg US Agg Bond Index
2024 10.42% 3.76% 1.25%
2023 10.88% 4.89% 5.53%
2022 -3.16% -5.50% -13.01%
2021 10.01% -0.97% -1.54%
2020 8.77% 4.71% 7.51%
2019 4.65% 5.01% 8.72%
2018 0.53% 1.38% 0.01%
2017 3.79% 1.27% 3.54%
2016 8.37% 1.56% 2.64%
2015 -1.27% 0.97% 0.55%
2014 -1.01% 1.42% 5.97%
2013 3.50% 0.28% -2.02%
2012 6.09% 2.24% 4.21%
2011 4.82% 3.14% 7.84%
2010 6.06% 4.08% 6.54%
2009 25.96% 4.62% 5.93%
2008 -12.56% 5.13% 5.24%
2007 0.88%* 5.12%* 5.75%*
*
Partial year returns. Inception date was 7/2/2007.

Growth of $10K - Investor Class as of 12/31/24

Risk & Return Since Inception as of 12/31/24

  • ICMUX
  • Bloomberg US Gov/Credit 1-5 YR Index

Risk is the annualized monthly standard deviation.

Performance data quoted represents past performance and does not guarantee future results. Investment returns and principal value will fluctuate, and when sold, may be worth more or less than their original cost. Performance current to the most recent month-end may be lower or higher than the performance quoted and can be obtained by calling 866-996-FUND. The Fund imposes a 2% redemption fee on shares held for 30 days or less. Performance data does not reflect the redemption fee. If it had, returns would be reduced. Per the Prospectus dated January 31, 2024, the annual operating expense (gross) for the Intrepid Income Fund-Institutional Share Class is 1.04% (gross). The net expense ratio is 1.01%. The Advisor has contractually agreed to reduce its fees until January 31, 2025.
The Fund invests in debt securities, which typically decrease in value when interest rates rise. This risk is usually greater for longer term debt securities. Investment by these Funds in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The Funds may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The risks of owning ETFs 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. ETFs also have management fees that increase their costs versus the costs of owning the underlying securities directly. ADRs may be subject to some of the same risks as direct investment in foreign companies, which includes international trade, currency, political, regulatory and diplomatic risks.
Diversification does not guarantee a profit or protect from loss in a declining market.
Investment performance reflects fee waivers. In the absence of waivers, total return would be reduced.
The charts illustrate the performance of a hypothetical $10,000 investment made in the Fund’s share class since inception. Assumes reinvestment of dividends and capital gains but does not reflect the redemption fees.
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