Quarterly Performance as of 09/30/25 (%)
| Total Return | Average Annualized Total Return | |||||||
|---|---|---|---|---|---|---|---|---|
| Qtr. | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | Since Inception | |
| Income Fund - Inst. | 3.19 | 6.88 | 8.65 | 9.99 | 8.42 | 5.88 | 4.88 | 4.86 |
| Bloomberg 1-5 Year Gov/Credit Index | 1.27 | 4.87 | 4.12 | 4.92 | 1.39 | 1.99 | 1.86 | 2.59 |
| Bloomberg US Agg Bond Index | 2.03 | 6.13 | 2.88 | 4.93 | -0.45 | 1.84 | 2.25 | 3.20 |
Performance shown prior to August 16, 2010 (Since Inception) reflects the performance of Investor Class shares, which commenced operations on July 2, 2007, and includes expenses that are not applicable to and are higher than those of Institutional Class shares. Effective January 31, 2014, the Investor Class shares of the Fund were closed, and any outstanding Investor Class shares were converted into Institutional Class shares.
Annual Performance
| Institutional | Bloomberg 1-5 Year Gov/Credit Index | Bloomberg US Agg Bond Index | |
|---|---|---|---|
| 2024 | 10.42% | 3.76% | 1.25% |
| 2023 | 10.88% | 4.89% | 5.53% |
| 2022 | -3.16% | -5.50% | -13.01% |
| 2021 | 10.01% | -0.97% | -1.54% |
| 2020 | 8.77% | 4.71% | 7.51% |
| 2019 | 4.65% | 5.01% | 8.72% |
| 2018 | 0.53% | 1.38% | 0.01% |
| 2017 | 3.79% | 1.27% | 3.54% |
| 2016 | 8.37% | 1.56% | 2.64% |
| 2015 | -1.27% | 0.97% | 0.55% |
| 2014 | -1.01% | 1.42% | 5.97% |
| 2013 | 3.50% | 0.28% | -2.02% |
| 2012 | 6.09% | 2.24% | 4.21% |
| 2011 | 4.82% | 3.14% | 7.84% |
| 2010 | 6.06% | 4.08% | 6.54% |
| 2009 | 25.96% | 4.62% | 5.93% |
| 2008 | -12.56% | 5.13% | 5.24% |
| 2007 | 0.88%* | 5.12%* | 5.75%* |
*
Partial year returns. Inception date was 7/2/2007.
Performance shown prior to August 16, 2010 (Since Inception) reflects the performance of Investor Class shares, which commenced operations on July 2, 2007, and includes expenses that are not applicable to and are higher than those of Institutional Class shares. Effective January 31, 2014, the Investor Class shares of the Fund were closed, and any outstanding Investor Class shares were converted into Institutional Class shares.
Performance data quoted represents past performance and does not guarantee future results. Investment returns and principal value will fluctuate, and when sold, may be worth more or less than their original cost. Performance current to the most recent month-end may be lower or higher than the performance quoted and can be obtained by calling 866-996-FUND. The Fund imposes a 2% redemption fee on shares held for 30 days or less. Performance data does not reflect the redemption fee. If it had, returns would be reduced. Per the Prospectus dated January 31, 2025, the annual operating expense (gross) for the Intrepid Income Fund-Institutional Share Class is 1.01% (gross). The Fund’s Advisor has contractually agreed to waive a portion of its fees and/or reimburse expenses until January 31, 2026 such that total operating expense for the Income Fund-Institutional Share Class is 1.00% (net). The Net Expense for the Income Fund-Institutional Class is 1.00%. The Net Expense Ratio represents the percentage paid by investors. Otherwise, performance shown would have been lower.
Growth of $10K - Institutional Class as of 09/30/25
The charts illustrate the performance of a hypothetical $10,000 investment made in the Fund’s share class since inception. Assumes reinvestment of dividends and capital gains but does not reflect the redemption fees.
Risk & Return Since Inception as of 09/30/25
- ICMUX
- Bloomberg US Gov/Credit 1-5 YR Index
Risk is the annualized monthly standard deviation.