# EDGAR Filing Document

**Accession Number:** 0001300746
**File Stem:** 0000894189-26-015105
**Filing Date:** 2026-5
**Character Count:** 27537
**Document Hash:** cf06938aba0ccf0c23a4b707ce382a40
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-015105.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000894189-26-015105

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Intrepid Capital Management Funds Trust
- **CENTRAL INDEX KEY:** 0001300746

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21625
- **FILM NUMBER:** 261007738

**BUSINESS ADDRESS:**
- **STREET 1:** 1400 MARSH LANDING PKWY, SUITE 106
- **CITY:** JACKSONVILLE BEACH
- **STATE:** FL
- **ZIP:** 32250
- **BUSINESS PHONE:** 904-246-3433

**MAIL ADDRESS:**
- **STREET 1:** 1400 MARSH LANDING PKWY, SUITE 106
- **CITY:** JACKSONVILLE BEACH
- **STATE:** FL
- **ZIP:** 32250

## Series and Classes Contracts Data

### Intrepid Capital Fund (Series ID: S000000841)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000002456 | Investor Class      | ICMBX           |
| C000088547 | Institutional Class | ICMVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Intrepid Capital Management Funds Trust

- **b. Investment Company Act file number:** 811-21625

- **c. CIK number of Registrant:** 0001300746

- **d. LEI of Registrant:** 549300SDGJ1WLXS2N321

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1400 Marsh Landing Parkway

  - **City:** Jacksonville Beach

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 32250

  - **Telephone number:** 904-246-3433

**Item A.2. Information about the Series.**

- **a. Name of Series:** Intrepid Capital Fund

- **b. EDGAR series identifier (if any):** S000000841

- **c. LEI of Series:** 549300RY7NA0BP3GY216

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $108392623.66

**Total Liabilities:** $1148925.52

**Net Assets:** $107243698.14

**Cash Not Reported:** $147860.91

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 233.666325000000 | **5-Year:** 297.614846000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 633.363345000000 | **1-Year:** 2776.775634000000 | **5-Year:** 1034.706068000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002456 | 1.21%                | 3.10%                | -5.06%               |
| Class ID C000088547 | 1.27%                | 3.00%                | -5.03%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $50347.20                | $1069563.35                                |
| Month 2  | $96154.76                | $3298765.16                                |
| Month 3  | $-48077.38               | $-6038706.67                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                    | Title                                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Berkshire Hathaway Inc                  | Berkshire Hathaway Inc                                                | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      6517 | NS      | $3122946.40   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Atento Class A Preferred Shares         | Atento Class A Preferred Shares                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    815537 | PA      | $407768.50    | 0.38%             | 2028-02-23      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| BJ's Wholesale Club Holdings I          | BJ's Wholesale Club Holdings Inc                                      | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     18141 | NS      | $1785437.22   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ATENTO LUXCO 1 SA                       | Atento Luxco 1 SA                                                     | CUSIP: ZI1858698<br>LEI: 549300MLFF3HYCZQTC48 | Long             | DBT              | CORP              | LU        |    534307 | PA      | $534307.00    | 0.50%             | 2029-11-30      | Fixed         | 20.00%                | No            |                  3 | On Loan: No      |
| CONDUENT BUS SERVICES                   | Conduent Business Services LLC / Conduent State & Local Solutions Inc | CUSIP: 20679LAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $1706542.75   | 1.59%             | 2029-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DICK'S SPORTING GOODS                   | Dick's Sporting Goods Inc                                             | CUSIP: 253393AH5<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1703982.77   | 1.59%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Madison Square Garden Sports C          | Madison Square Garden Sports Corp                                     | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9465 | NS      | $3042051.00   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                         | Match Group Inc                                                       | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     53439 | NS      | $1641111.69   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Atlantic BDC Inc                | Chicago Atlantic BDC Inc                                              | CUSIP: 828174102<br>LEI: 549300UCS6M1BNMDQZ18 | Long             | EC               | CORP              | US        |     38198 | NS      | $356769.41    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc             | Atlanta Braves Holdings Inc                                           | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54826 | NS      | $2341070.20   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BRINKER INTERNATIONAL IN                | Brinker International Inc                                             | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |    500000 | PA      | $524643.00    | 0.49%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Dollar Tree Inc                         | Dollar Tree Inc                                                       | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     18897 | NS      | $2069410.47   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums Inc                        | Interparfums Inc                                                      | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16758 | NS      | $1522296.72   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc                        | Markel Group Inc                                                      | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |       978 | NS      | $1871960.46   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                         | TJX Cos Inc/The                                                       | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     17307 | NS      | $2763927.90   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| STIIIZY T/L (7/25)                      | STIIIZY T/L (7/25)                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1673805 | PA      | $1657066.56   | 1.55%             | 2029-07-30      | Floating      | 15.50%                | No            |                  2 | On Loan: No      |
| ATENTO LUXCO 1 SA                       | Atento Luxco 1 SA                                                     | CUSIP: ZL5424722<br>LEI: 549300MLFF3HYCZQTC48 | Long             | DBT              | CORP              | LU        |    902106 | PA      | $902106.46    | 0.84%             | 2028-05-17      | Fixed         | 20.00%                | No            |                  3 | On Loan: No      |
| Acuity Inc                              | Acuity Inc                                                            | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6404 | NS      | $1794528.88   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BEACH ACQUISITION BIDCO                 | Beach Acquisition Bidco LLC                                           | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2128876.00   | 1.99%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Chicago Atlantic Real Estate F          | Chicago Atlantic Real Estate Finance Inc                              | CUSIP: 167239102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61878 | NS      | $700458.96    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Common Citizen Senior Secured Term Loan | Common Citizen Senior Secured Term Loan                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    752214 | PA      | $752213.54    | 0.70%             | 2026-12-31      | Floating      | 11.50%                | No            |                  2 | On Loan: No      |
| Alphabet Inc                            | Alphabet Inc                                                          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     17503 | NS      | $5033162.68   | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CIMPRESS PLC                            | Cimpress PLC                                                          | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |   2296000 | PA      | $2271970.75   | 2.12%             | 2032-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Becle SAB de CV                         | Becle SAB de CV                                                       | CUSIP: N/A<br>LEI: 529900JY55CZKMJLCE09       | Long             | EC               | CORP              | MX        |   1688667 | NS      | $1537635.74   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                              | Garmin Ltd                                                            | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Long             | EC               | CORP              | CH        |      8004 | NS      | $1857008.04   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                              | Airbnb Inc                                                            | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     11670 | NS      | $1473687.60   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                 | Cboe Global Markets Inc                                               | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      3859 | NS      | $1084649.13   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc                | Green Brick Partners Inc                                              | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |     23263 | NS      | $1499300.35   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Live Holdings Inc               | Liberty Live Holdings Inc                                             | CUSIP: 530909100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31368 | NS      | $2874563.52   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMON C GP, LLC                        | COMMON C GP, LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     63988 | PA      | $63348.40     | 0.06%             | 2026-12-31      | Floating      | 10.00%                | No            |                  2 | On Loan: No      |
| iShares Gold Trust                      | iShares Gold Trust                                                    | CUSIP: 464285204<br>LEI: 5493006UOY7GXQW0IP42 | Long             | EC               | RF                | US        |     52279 | NS      | $4608916.64   | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TRULIEVE CANNABIS CORP                  | Trulieve Cannabis Corp                                                | CUSIP: 89788CAF1<br>LEI: 549300122MBOJDGEZ014 | Long             | DBT              | CORP              | CA        |   2300000 | PA      | $2340249.77   | 2.18%             | 2030-12-17      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| VIAPATH TECHNOLOGIES                    | ViaPath Technologies                                                  | CUSIP: 37959JAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    985001 | PA      | $989310.53    | 0.92%             | 2029-08-06      | Floating      | 11.17%                | No            |                  2 | On Loan: No      |
| W R Berkley Corp                        | W R Berkley Corp                                                      | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     34245 | NS      | $2269758.60   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                             | Dropbox Inc                                                           | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     45608 | NS      | $1036213.76   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| FRP Holdings Inc                        | FRP Holdings Inc                                                      | CUSIP: 30292L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    127956 | NS      | $2799677.28   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Holdings Inc              | Howard Hughes Holdings Inc                                            | CUSIP: 44267T102<br>LEI: 254900TY494BHXIU6M60 | Long             | EC               | CORP              | US        |     14854 | NS      | $939664.04    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc                                 | IAC Inc                                                               | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |     45588 | NS      | $1824887.64   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc           | Jefferies Financial Group Inc                                         | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     28188 | NS      | $1163318.76   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc          | SS&C Technologies Holdings Inc                                        | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     16119 | NS      | $1089160.83   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Treasury Portfolio              | Invesco Treasury Portfolio                                            | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |   7428353 | NS      | $7428353.33   | 6.93%             |  |  |  | No            |                  1 | On Loan: No      |
| THE REALREAL INC                        | RealReal Inc/The                                                      | CUSIP: 88339PAE1<br>LEI: 549300O00VUGT4H1PE90 | Long             | DBT              | CORP              | US        |   2156660 | PA      | $2306278.75   | 2.15%             | 2029-03-01      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| Watsco Inc                              | Watsco Inc                                                            | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |      3521 | NS      | $1280904.59   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| GREEN THUMB INDUSTRIES, INC             | GREEN THUMB INDUSTRIES, INC                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      7328 | NS      | $439.68       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CELGENE CORP                            | Celgene Corp                                                          | CUSIP: 151020BB9<br>LEI: 4SIHMF0MOSTTL8CD0X64 | Long             | DBT              | CORP              | US        |     23000 | PA      | $22776.07     | 0.02%             | 2028-02-20      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Levi Strauss & Co                       | Levi Strauss & Co                                                     | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |     64156 | NS      | $1186244.44   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                  | Permian Resources Corp                                                | CUSIP: 71424F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124509 | NS      | $2654531.88   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The               | Scotts Miracle-Gro Co/The                                             | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     24524 | NS      | $1491304.44   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TURNING POINT BRANDS INC                | Turning Point Brands Inc                                              | CUSIP: 90041LAG0<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |   1838000 | PA      | $1884459.13   | 1.76%             | 2032-03-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ATENTO S.A.                             | ATENTO S.A.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |  96558308 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Fiserv Inc                              | Fiserv Inc                                                            | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     16676 | NS      | $930520.80    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CINC BELL TEL                           | Cincinnati Bell Telephone Co LLC                                      | CUSIP: 171875AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1014290.00   | 0.95%             | 2028-12-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Copart Inc                              | Copart Inc                                                            | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     34852 | NS      | $1157086.40   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In          | Philip Morris International Inc                                       | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     10420 | NS      | $1722842.80   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                             | Polaris Inc                                                           | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |     26610 | NS      | $1450245.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| J M Smucker Co/The                      | J M Smucker Co/The                                                    | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |     16450 | NS      | $1586438.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Inc                              | Sprott Inc                                                            | CUSIP: 852066208<br>LEI: 254900QHJAD5TP2JNM15 | Long             | EC               | CORP              | CA        |     24961 | NS      | $3566926.90   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                     | LIEN_PUT                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     38198 | NC      | $148590.22    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Media Corp-Liberty For          | Liberty Media Corp-Liberty Formula One                                | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15467 | NS      | $1315004.34   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SKILLZ INC                              | Skillz Inc                                                            | CUSIP: 83067LAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2216000 | PA      | $2207690.00   | 2.06%             | 2026-12-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| Take-Two Interactive Software           | Take-Two Interactive Software Inc                                     | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      9872 | NS      | $1949720.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp/MA                        | UniFirst Corp/MA                                                      | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |      9231 | NS      | $2322427.29   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-27

**Name of Applicant:** Intrepid Capital Management Funds Trust

**Signature:** Tim Page

**Name of Signer:** Intrepid Capital Management Funds Trust

**Title:** Secretary/Treasurer