ICMAX — Intrepid Small Cap Fund
Data updated: 2025-12-15
ICMAX — Intrepid Small Cap Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. United States Small Cap Blend / Core Equity · $39.12M AUM · 1.30% expense ratio · 9.0% 1-yr return. From SEC regulatory filings.
ICMAX Fund Overview
ICMAX — Intrepid Small Cap Fund is a US mutual fund managed by Intrepid Capital Management Funds Trust, categorised as United States Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Intrepid Capital Management Funds Trust
- Category: United States Small Cap Blend / Core Equity
- Assets under management: $39.12M
- 1-year return: 9.0%
- Ticker: ICMAX
- SEC CIK: 0001300746
- SEC series ID: S000000842
- Share class ID: C000002457
ICMAX Holdings
Top 10 holdings of Intrepid Small Cap Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| FRP Holdings Inc | 7.11% |
| iShares Gold Trust | 5.73% |
| Fabrinet | 5.63% |
| Jefferies Financial Group Inc | 5.61% |
| Franklin Covey Co | 5.05% |
| Park Aerospace Corp | 4.69% |
| Valvoline Inc | 4.39% |
| IAC Inc | 4.38% |
| Becle SAB de CV | 4.31% |
| Chicago Atlantic Real Estate F | 4.26% |
ICMAX Portfolio Allocation
Asset-class allocation of Intrepid Small Cap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.1% |
| Cash & Equivalents | 1.0% |
ICMAX Performance
Total returns for ICMAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 9.0% |
| 3 years (annualised) | -2.1% |
ICMAX Risk Information
Risk metrics for ICMAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.9%
ICMAX Costs and Fees
ICMAX costs about $130 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.30%
- Gross expense ratio: 1.96%
- Portfolio turnover: 40%
- Brokerage commissions: 4.10 bps of average net assets (SEC N-CEN)
ICMAX Cashflows
Over the 12 months to 2024-09, Intrepid Small Cap Fund had net outflows of $4.35M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | −$865.72K |
| 2024-08 | −$1.95M |
| 2024-07 | −$1.60M |
| 2024-06 | −$940.25K |
| 2024-05 | −$747.78K |
| 2024-04 | −$548.64K |
ICMAX Debt Constituents
No individual debt constituents are reported in Intrepid Small Cap Fund's latest SEC N-PORT filing.
ICMAX Prospectus and SEC Filings
Official Intrepid Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Small Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.