U.S. BANK GLOBAL FUND SERVICES

615 East Michigan Street

Milwaukee, WI 53202

January 31, 2024

VIA EDGAR TRANSMISSION

United States Securities and Exchange Commission

Division of Investment Management

100 F Street, N.E.

Washington, D.C. 20549

Re:INTREPID CAPITAL MANAGEMENT FUNDS TRUST (the “Trust”)

File No.: 333-118634

Investment Company Act Registration No.: 811-21625

Dear Madam or Sir:

Pursuant to Rule 497(j) under the Securities Act of 1933 (the “1933 Act”), as amended, and pursuant to the Investment Company Act of 1940, as amended, and the regulations thereunder, the Trust hereby certifies that the form of Prospectus and Statement of Additional Information that would have been filed under Rule 497(b) or (c) under the 1933 Act would not have differed from that contained in the most recent amendment for the Trust dated January 31, 2024, and filed electronically as Post-Effective Amendment No. 46 to the Trust’s Registration Statement on Form N-1A on January 25, 2024.

If you have any questions regarding the enclosed, please do not hesitate to contact the undersigned at rachel.spearo@usbank.com.

Sincerely,

/s/ Rachel A. Spearo

Rachel A. Spearo

Vice President

For U.S. Bank Global Fund Services

as Administrator of the Trust