Intrepid Small Cap  ICMAX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Small Value Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Small
   Value
  
  
As of 2009-09-30
Day Change
$ 0.01
  
NAV (2009-11-20)
$ 14.92
  
YTD Return % (2009-11-20)
35.88%
  
Total Assets ($ mil)
271
View Data Definitions
  Performance    
Growth of $10,000 Fund: Intrepid Small Cap
(from 2005-10-03 to 2009-10-31) Category: Small Value
Index: S&P 500 TR
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2005-10-03 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 35.88 73.14 13.10 --- --- 11.55
+/- Category 16.69 61.92 20.82 --- --- ---
+/- S&P 500 TR 12.36 24.34 19.00 --- --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 33.52 29.35 14.91 --- --- 12.41
Month-End (as of 2009-10-31) 30.69 38.43 12.81 --- --- 11.55
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 37.44 11.96 --- --- ---
On Distribution & Sale of Shares --- 24.90 10.51 --- --- ---
Morningstar Rating --- --- --- --- ---
# of compared funds covered (3 yrs : out of 317 funds), (5 yrs : out of funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is 2.00%.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 12.93
Software 3.29
Hardware 1.03
Media 1.17
Telecommunications 7.45
Service 51.27
Healthcare 8.12
Consumer Services 21.16
Business Services 15.44
Financial Services 6.55
Manufacturing 35.80
Consumer Goods 13.48
Industrial Materials 19.66
Energy 1.79
Utilities 0.86
Asset Allocation
% of Net Assets
Cash 18.1
Stocks 81.9
Bonds 0.0
Other 0.0
Foreign Stocks 5.7
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings 57 Turnover % 159
Total Number of Bond Holdings 0 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 32.14 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
Pan American Silver Corporation 56.82 45.75 4.96
Tidewater, Inc. 5.41 12.32 4.11
Weis Markets, Inc. 19.34 9.16 3.82
Constellation Brands Inc. A --- 8.37 3.06
Total System Services 11.03 24.21 2.98
PetSmart Inc. 12.39 40.49 2.81
CSG Systems International, Inc. 9.50 -3.66 2.69
International Speedway Corporation A 10.60 -6.65 2.60
Core-Mark Holding Company, Inc. 13.12 35.73 2.60
Rent-A-Center, Inc. 8.49 3.06 2.51
Data through 2009-09-30
YTD Return through 2009-11-20
  Other Information
Fund Inception: 2005-10-03
Portfolio Manager  (Start Date)
Eric Cinnamond  (2005-10-03)
Cinnamond has been at Intrepid since 1998. Prior to joining the firm, Cinnamond was a small cap analyst at Evergreen Asset Management for two years, where he was also the co-manager of the Evergreen Small Cap Equity Income Fund. Prior to Evergreen, Cinnamond was a portfolio manager in the Capital Management Group of First Union National Bank for three years. Cinnamond is a member of the CFA Institute. Cinnamond holds the Chartered Financial Analyst designation.
Sales Charge %
(taken from prospectus dated 2009-05-19)
Front: None
Deferred: None
Expense Ratio % 1.95
based on net assets
(taken from annual report dated 2008-09-30)
Correspondence Information

3652 South Third Street, Suite 200
Jacksonville Beach,  FL  32250
USA
Telephone:
866-996-3863
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.