ICMCX : Intrepid Disciplined Value Fund Investor Class

Fund Summary

The investment seeks long-term capital appreciation. The fund invests in a diversified portfolio of equity securities of companies. The adviser invests in undervalued equity securities and believes an equity security is undervalued if the market value of the outstanding equity security is less than the intrinsic value of the company issuing the equity security. In certain market conditions, the adviser may determine that it is appropriate for the fund to hold a significant cash position for an extended period of time.