Intrepid Capital Fund

Frequently Asked Questions About ICMBX

What does ICMBX invest in?

The Intrepid Capital Fund primarily allocates its capital to a diverse range of assets. It targets undervalued equities from small and mid-sized companies, alongside high-yield debt instruments (often called "junk bonds"). While there's no fixed cap on the duration of its high-yield bond holdings, the fund generally acquires securities with an initial duration of two to six years.

What is the expense ratio of ICMBX?

Intrepid Capital Fund (ICMBX) charges an expense ratio of 1.41%. This is the annual fee deducted from fund assets to cover management and operations.

What is ICMBX's dividend yield?

ICMBX's trailing-twelve-month yield is 2.11%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of ICMBX?

Effective duration measures ICMBX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ICMBX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of ICMBX?

ICMBX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of ICMBX?

Yield to maturity (YTM) is the total return you'd earn from ICMBX if every bond in the portfolio is held to maturity at the current price. ICMBX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.