Use the Guide
Browse the Guide
Portfolio Discussions
Dr. Kelly's Review
Use the Guide
Guide to Retirement
Client Presentation
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Featured Topics
Fixed Income
Income Opportunities
U.S. Equities
Global Growth
Looking for other topics? Visit the Library
Choose a Shortcut

Intrepid Value Fund - A (JIVAX)

Intrepid Value Fund - A (JIVAX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Performance basics
  Total returns
(as of 10/31/2015)
Annualized returns
(as of 10/31/2015)

at NAV 7.54% -2.97% -2.97% -0.63% 14.97% 13.44% 7.03%
With 5.25% max. sales charge 1.89% -8.07% -8.07% -5.85% 12.92% 12.22% 6.45%
Russell 1000 Value Index 7.55% -1.91% -2.09% 0.53% 14.52% 13.26% 6.75%
Lipper Large-Cap Value Funds Index 7.87% -2.37% -1.62% 0.66% 14.07% 12.04% 6.35%

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.


Cumulative returns (as of 10/31/2015)
  1 Year 3 Year 5 Year 10 Year
at NAV -0.63% 51.97% 87.82% 97.21%
With 5.25% max. sales charge -5.85% 43.97% 77.93% 86.85%
Calendar year returns
at NAV
Russell 1000 Value Index
Lipper Large-Cap Value Funds Index
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
9.88% 22.64% -0.14% -36.68% 23.60% 13.54% -1.17% 17.96% 35.22% 13.75%
7.05% 22.24% -0.17% -36.85% 19.69% 15.51% 0.39% 17.51% 32.53% 13.45%
6.26% 18.28% 2.46% -37.00% 24.96% 13.02% -2.17% 15.87% 33.24% 11.01%
Browse your yearly returns: 2005

N/A: Not available at this time

Annual operating expenses (%)
Expense cap expiration date 10/31/2016
Expense cap 0.83%
Total annual operating expenses 1.09%
Fee waivers and/or expense reimbursements 0.26%
Net expenses 0.83%

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.

Morningstar ratings (as of 10/31/2015)
Morningstar category: Large Value
1197 funds in category
3 Year
1197 funds in category
5 Year
1055 funds in category
10 Year
742 funds in category

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.

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

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.