Intrepid Small Cap Fund - Investor Class
ICMAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1400 Marsh Landing Pkwy, Suite 106 Jacksonville Beach FL 32250
- IPO Date
- Oct 5, 2005
- CIK
- 0001300746
- Similar Companies
- Business
- Intrepid Capital Management Funds Trust - Intrepid Small Cap Fund (Investor Class) (ICMAX) is a mutual fund that seeks long-term capital appreciation by investing primarily in a diversified portfolio of equity securities issued by small capitalization companies defined as those with market capitalizations not exceeding the upper limit of the higher of the Morningstar Small Cap Index or the S&P SmallCap 600 Index over the most recent 12 months; the fund may also hold foreign securities, ETFs, and other instruments such as iShares Gold Trust and select fixed income assets in its top holdings including FRP Holdings, Inc., Fabrinet, Jefferies Financial Group, Inc., and Franklin Covey Co.. The Investor Class shares, with a minimum investment of $2,500, an expense ratio of 1.30%, and a portfolio turnover of 40%, focus on undervalued small-cap equities across sectors like industrials (approximately 25%), financials (16%), and others through a disciplined value-oriented strategy emphasizing absolute returns and risk control; Institutional Class shares (ICMZX) are available with a $250,000 minimum and lower fees.. Launched on October 3, 2005, and managed by Intrepid Capital Management, Inc., an independent investment firm founded in 1994 and headquartered in Jacksonville Beach, Florida, the fund operates within the U.S. small growth category, targeting investors seeking exposure to small-cap value opportunities listed on NASDAQ with a beta of 0.90.. In a significant strategic reorganization announced in the third quarter of 2024, the Intrepid Small Cap Fund is scheduled to merge into the Intrepid Capital Fund (Investor Class: ICMBX) on or about November 22, 2024, shifting toward a balanced allocation of approximately 60% equities (primarily small-cap with some mid- and large-cap) and 40% fixed income to pursue equity-like returns with reduced volatility amid attractive corporate bond opportunities; this nontaxable consolidation reflects the adviser's business restructuring without diminishing confidence in small-cap value.. The firm, led by portfolio managers including Matt Parker, CFA, CPA, Joe Van Cavage, CFA, and others, maintains a contrarian philosophy with co-investment alignment and no recent acquisitions, partnerships, or name changes beyond a prior 2022 rebranding of the Endurance Fund to Small Cap Fund..