ICMAX : Intrepid Endurance Fund Investor Class

Fund Summary

The investment seeks long-term capital appreciation. The fund primarily invests in a diversified portfolio of equity securities of small capitalization companies. The advisor defines small capitalization companies to include companies having a capitalization that does not exceed the upper limit of the capitalization ranges of the highest of the Morningstar Small Cap Index, the S&P SmallCap 600® Index or the Dow Jones US Small Cap Total Stock Market Index during the most recent 12 months.