Intrepid Income Fund (ICMUX)

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Intrepid Income Fund (ICMUX) is up 2.3% since the beginning of the year. ICMUX is currently trading at $9 per share. Investors who bought $1,000 worth of ICMUX shares 5 years ago would now be looking at an investment worth $1,354.

Intrepid Income Fund (ICMUX) has returned 2.32% so far this year and 7.67% over the past 12 months. Over the last ten years, ICMUX has returned 5.83% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Aug 16, 2010, ICMUX's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.

Historically, 76% of months were positive and 24% were negative. The best month was Nov 2020 with a return of +3.6%, while the worst month was Mar 2020 at -6.8%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.

On a daily basis, ICMUX closed higher 35% of trading days. The best single day was Apr 9, 2020 with a return of +1.3%, while the worst single day was Mar 18, 2020 at -1.7%.

Intrepid Income Fund has an annualized alpha of 4.09%, beta of 0.06, and R2 of 0.18 versus S&P 500 Index. Calculated based on daily prices since August 16, 2010.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (18.87%) than losses (8.73%) - typical of diversified or defensive assets.
• Beta of 0.06 may look defensive, but with R2 of 0.18 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.18 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

ICMUX has an expense ratio of 0.91%, placing it in the medium range.

ICMUX ranks 97 for risk / return — in the top 97% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Intrepid Income Fund provided a 7.55% dividend yield over the last twelve months, with an annual payout of $0.68 per share.

The table displays the monthly dividend distributions for Intrepid Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Intrepid Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Intrepid Income Fund was 8.77%, occurring on Mar 25, 2020. Recovery took 97 trading sessions.

The current Intrepid Income Fund drawdown is 0.11%.

The chart below shows the rolling one-month volatility.