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Intrepid Value Fund - C (JIVCX)

Intrepid Value Fund - C (JIVCX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources


The Fund seeks to provide long-term capital appreciation.

Strategy/Investment process

  • Invests primarily in equity investments of large- and mid-capitalization companies within the Russell 1000 Value Index.
  • Seeks companies that are undervalued and/or have strong momentum.
  • Employs an investment process based on behavioral finance principles.
Performance basics
  Annualized returns (as of 10/31/2015)
  1 Year 3 Year 5 Year 10 Year
at NAV -1.14% 14.40% 12.88% 6.49%
With 1.00% max. CDSC -2.14% 14.40% 12.88% 6.49%
Russell 1000 Value Index 0.53% 14.52% 13.26% 6.75%
Lipper Large-Cap Value Funds Index 0.66% 14.07% 12.04% 6.35%
  Annualized returns
(as of 9/30/2015)
  1 Year 3 Year 5 Year 10 Year
at NAV -5.88% 11.60% 11.94% 5.36%
With 1.00% max. CDSC -6.88% 11.60% 11.94% 5.36%
Russell 1000 Value Index -4.42% 11.59% 12.29% 5.71%
Lipper Large-Cap Value Funds Index -5.34% 11.02% 11.03% 5.32%

The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end, please call 1-800-480-4111.

Annual operating expenses (%)
Expense cap expiration date 10/31/2016
Expense cap 1.33%
Total annual operating expenses 1.62%
Fee waivers and/or expense reimbursements 0.29%
Net expenses 1.33%

Net Expenses,Net Expenses,Fee waivers and/or expense reimbursements,Total annual operating expenses,Fee waivers and/or expense reimbursements
The Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date. This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.

As of September 1, 2013, the Fund's advisory fee was reduced; therefore, the Management Fees, Total Annual Fund Operating Expenses, Fee Waivers and Expense Reimbursements and Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements have been restated to reflect the current fees, as applicable.

Ratings (as of 10/31/2015)
Morningstar overall rating: (1197 funds)
Morningstar category: Large Value

Overall rating C Shares; Large Value Category; 1197 funds. Three year rating 4 stars; 1197 funds. Five year rating 4 stars; 1055 funds. Ten year rating 3 stars; 742 funds.

2015, Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damage or losses arising from any use of this information. Past performance is not a guarantee of future results. For each fund with a three-year history, Morningstar calculates a Morningstar Rating™ metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund's load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. Different share classes may have different ratings.

The ranking information is provided by Lipper Analytical Services. Past performance is no guarantee of future results. Rankings are calculated based upon the total returns of multiple share classes within their respective Lipper category. Different share classes may have different rankings.

Minimum investments
Minimum investments Minimum subsequent investments
Regular $1000 Regular $50
IRA $1000 IRA $50
Daily stats (as of 11/27/2015)
$34.16 -3.34%
$0.01 | 0.03%  
NAV as of:
  • Mon
    Oct 19
  • Tue
    Oct 20
  • Wed
    Oct 21
  • Thu
    Oct 22
  • Fri
    Oct 23
  • Mon
    Oct 26
  • Tue
    Oct 27
  • Wed
    Oct 28
  • Thu
    Oct 29
  • Fri
    Oct 30
  • Mon
    Nov 02
  • Tue
    Nov 03
  • Wed
    Nov 04
  • Thu
    Nov 05
52 Week High $38.79
52 Week Low $31.16
YTD Total Return w/Load -4.34%
Net Asset Class $51,431,921.85
Net Asset Fund $1,820,675,762.94
Ticker JIVCX
CUSIP 4812A0300
Share Class Inception Date 02/19/2005
Fund Number 3936
Asset Class U.S. Equity
Cut-off time1 4:00 P.M.
J.P. Morgan Funds objective box

J.P. Morgan Funds objective box is based on the Fund's overall targeted capitalization and valuation range(s) as described in the Fund's prospectus.

There is no assurance that behavioral finance strategies will protect against the loss of capital.

1Please refer to the prospectus for additional information about cut-off times.

Total return assumes reinvestment of income.

From 2/28/03 through 10/01/03, the Fund did not experience any shareholder purchase and sale activity. If such shareholder activity had occurred, the Fund's performance may have been impacted.

The quoted performance of the Fund includes performance of a predecessor fund/share class prior to the Fund's commencement of operations. Please refer to the current prospectus for further information.

The Russell 1000 Value Index is an unmanaged index, which measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. Investors can not invest directly in an index.

The performance of the Lipper Large-Cap Value Funds Index includes expenses associated with a mutual fund, such as investment management fees. These expenses are not identical to the expenses charged by the Fund.

Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees and/or reimbursement of certain expenses for certain periods since the inception date. If fees had not been waived and/or certain expenses were not reimbursed, performance would have been less favorable.

©2015, American Bankers Association, CUSIP Database provided by the Standard & Poor's CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. All rights reserved.