4 / 5 Stars
3 1 5 2 1
Zacks Investment Research
Standard & Poor's
2 / 5 Stars
#58 in Small Value
U.S. News evaluated 113 Small Value Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 8.07 percent over the past year, 6.97 percent over the past three years, and 13.01 percent over the past five years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||3.5%|
|3 Years (Annualized)||7.0%|
|5 Years (Annualized)||13.0%|
|10 Years (Annualized)||N/A|
This small-cap value fund has a beta of 0.71 (much lower than its peers). Its returns rank among the best in its category. Over the last three years, the fund has had an average annualized return of about 12 percent. In 2008, when the average small-cap value fund plummeted about 32 percent, the fund only lost about 7 percent. Management has proven that it's not afraid to get defensive. In early 2009, management invested as much as 20 percent in cash, according to Morningstar. Now, the fund has invested about 10 percent of its assets in short-term U.S. treasuries to combat the recent market volatility, according to S&P.
The investment seeks long-term capital appreciation. Under normal conditions, the fund invests at least 80% of its net assets in equity securities of small capitalization companies. It 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 Russell 2000 Index, the S&P SmallCap 600 Index or the Dow Jones US Small Cap Total Stock Market Index during the most recent 12 months. The fund may engage in short-term trading. It is non-diversified.
Fees are Low compared to funds in the same category.
Intrepid Small Cap Fund has an expense ratio of 1.40 percent.
Risk is Low compared to funds in the same category according to Morningstar.