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HOW TO INVEST

Decide which funds best meet
your investment needs by reading
the prospectus.
Determine how much you want to invest in each fund. (minimums apply)
Complete a New Account Application or IRA Application.
Make your check payable to
the name of the fund that you
are purchasing.
Send your applications and
check to:

Intrepid Capital
Management Funds Trust
c/o US Bancorp Fund Services
P.O. Box 701
Milwaukee, WI 53201

To Invest by Wire or Make a Telephone Purchase

Please call:
866-996-FUND.

A completed application must be received in advance of the purchase.

Professionals

Intrepid Capital Management, Inc. (the "Advisor") is an investment management firm that has served long-term oriented investors since 1994. The firm is the investment advisor to the Intrepid Capital Funds. Managed by a team of experienced investment professionals, our staff combines insight with discipline to expertly manage your investments.

Portfolio Management

Mark F. Travis President/Portfolio Manager Mr. Travis is the lead portfolio manager of the Intrepid Capital Fund and is a member of the investment teams responsible for the Intrepid Small Cap Fund, Intrepid Income Fund, and Intrepid All Cap Fund. Mark is a co-founder and has been President of the Advisor since 1994. Prior to the founding of the Advisor, Mr. Travis was a Vice President in a consulting group of an investment advisory firm and its predecessor firms for ten years. Mr. Travis holds a BA in Economics from the University of Georgia. Mr. Travis is a member of the CFA Institute.
Gregory M. Estes, CFA^® Vice President/Portfolio Manager Mr. Estes is the lead portfolio manager of the Intrepid All Cap Fund and is a member of the investment teams responsible for the Intrepid Small Cap Fund and Intrepid Capital Fund. Greg has been a Vice President and portfolio manager for the Advisor since 2000. Mr. Estes holds an MA in Financial Economics from the University of Florida and a BBA in Finance from the University of Notre Dame. Mr. Estes is a CFA Charterholder and is a member of the CFA Institute.
Jayme C. Wiggins, CFA^® Vice President/Portfolio Manager Mr. Wiggins is the lead portfolio manager of the Intrepid Small Cap Fund and is a member of the investment teams responsible for the Intrepid Capital Fund and Intrepid All Cap Fund. Jayme rejoined the Advisor after earning his MBA from Columbia Business School in 2010, graduating with the highest honors. Mr. Wiggins was with Intrepid for six years, originally joining the firm in 2002. Before leaving for Columbia Business School, Mr. Wiggins managed the Intrepid Income Fund from its inception through 2008. Mr. Wiggins served as a small-cap equity analyst from 2002 to 2005. Mr. Wiggins graduated summa cum laude from Stetson University where he earned a BBA in Finance. Mr. Wiggins is a CFA Charterholder and is a member of the CFA Institute.
Ben Franklin Portfolio Manager Mr. Franklin is the co-lead portfolio manager of the Intrepid Income Fund. Ben joined the Advisor in 2008, previously serving as a research analyst. Mr. Franklin received his BBA in Management and his MBA in Finance from the University of North Florida, and has passed all three examinations of the Chartered Financial Analyst^® program.
Jason Lazarus Portfolio Manager Mr. Lazarus is the co-lead portfolio manager of the Intrepid Income Fund. Jason joined the Advisor in 2008, previously serving as a research analyst. Mr. Lazarus received his BS in Industrial and Systems Engineering, cum laude, and his MS in Finance from the University of Florida, and has passed all three examinations of the Chartered Financial Analyst^® program.

Mutual fund investing involves risk. Principal loss is possible.

The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company, and may be obtained by calling 866-996-FUND (3863) or visiting www.intrepidcapitalfunds.com. Read carefully before investing.

Intrepid Capital Management Funds are distributed by Quasar Distributors, LLC.