ICMVX – Intrepid Capital Institutional Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation and high current income. The fund invests primarily in a diversified portfolio of undervalued small and medium capitalization equity securities and high yield securities (also known as "junk bonds"). Its investments in high yield securities will not be limited in duration, but typically will be in securities having a duration of two to six years at the time of purchase.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
ICMBX	Intrepid Capital Fund Investor Class	No Load	Open			Jan 3, 2005	$28.12M	1.410%	High	$2,500	−$4.27M
ICMVX	Intrepid Capital Fund Institutional Class	Institutional	Open			Apr 30, 2010	$108.98M	1.160%	High	$250,000	$35.37M

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