Advisor Insights

 

Unrated bonds

Advisor Insights

Feb 22, 2024

Demystifying Non-Rated Bonds

Frequently, clients ask about our position in non-rated (also referred to as unrated) bonds, which often represent one of the largest slicesof the Fund’s composition, when categorized by credit rating.
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Mutual fund investing involves risk. Principal loss is possible.

The Funds’ investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company. Please read it carefully before investing. A hard copy of the prospectus can be requested by calling 866-996-FUND (3863).

Intrepid Capital Management Funds are distributed by Quasar Distributors, LLC.

The Intrepid Capital Management Funds are not offered for sale in countries other than the United States and its territories; Guam, Puerto Rico and the U.S. Virgin Islands. The Funds may not sell its shares without registration in any other states.

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