iMGP Dolan McEniry Corporate Bond Fund (IDMIX)
Under normal market conditions, the fund will invest at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in corporate bonds. The fund’s investment universe consists of corporate investment grade bonds, high yield bonds, and U.S. government and treasury securities maturing within 10 years or less. All securities will be U.S. dollar denominated, although they may be issued by a foreign corporation or a U.S. affiliate of a foreign corporation.
Fund Info
| ISIN | US53700T7770 |
|---|---|
| CUSIP | 56170L836 |
| Issuer | iM Global Partner Fund Management |
| Inception Date | Sep 28, 2018 |
| Category | Corporate Bonds |
| Min. Investment | $10,000 |
| Asset Class | Bond |
Expense Ratio
IDMIX has a high expense ratio of 0.70%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iMGP Dolan McEniry Corporate Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
iMGP Dolan McEniry Corporate Bond Fund had a return of -1.06% year-to-date (YTD) and 4.04% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.06% | 10.00% |
| 1 month | 0.41% | 2.41% |
| 6 months | 3.17% | 16.70% |
| 1 year | 4.04% | 26.85% |
| 5 years (annualized) | 1.28% | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of IDMIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.16% | -1.12% | 0.72% | -1.73% | -1.06% | ||||||||
| 2023 | 2.14% | -1.88% | 1.32% | 0.71% | -0.39% | 0.23% | 0.66% | 0.14% | -1.42% | -0.91% | 4.03% | 2.72% | 7.42% |
| 2022 | -2.07% | -0.82% | -1.82% | -2.53% | 0.66% | -2.99% | 3.32% | -1.85% | -3.01% | 0.32% | 2.03% | -0.08% | -8.69% |
| 2021 | -0.15% | -0.63% | -0.63% | 0.75% | 0.20% | 0.38% | 0.48% | 0.02% | -0.50% | -0.74% | -0.65% | 0.18% | -1.32% |
| 2020 | 1.24% | 0.37% | -7.06% | 3.87% | 2.10% | 1.56% | 1.89% | 0.17% | -0.22% | -0.13% | 1.34% | 0.63% | 5.50% |
| 2019 | 2.35% | 0.87% | 1.70% | 0.59% | 0.56% | 1.43% | 0.46% | 1.50% | 0.02% | 0.79% | 0.02% | 0.46% | 11.26% |
| 2018 | -0.61% | 0.11% | -0.27% | -0.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of IDMIX is 27, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
IDMIX (iMGP Dolan McEniry Corporate Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iMGP Dolan McEniry Corporate Bond Fund (IDMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iMGP Dolan McEniry Corporate Bond Fund granted a 3.09% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.37 | $0.16 | $0.16 | $0.26 | $0.31 | $0.09 |
Dividend yield | 3.09% | 3.73% | 1.67% | 1.47% | 2.41% | 2.96% | 0.95% |
Monthly Dividends
The table displays the monthly dividend distributions for iMGP Dolan McEniry Corporate Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | |||||||
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.02 | $0.16 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.06 | $0.16 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.04 | $0.26 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.31 |
| 2018 | $0.00 | $0.03 | $0.03 | $0.03 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the iMGP Dolan McEniry Corporate Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iMGP Dolan McEniry Corporate Bond Fund was 13.94%, occurring on Mar 23, 2020. Recovery took 79 trading sessions.
The current iMGP Dolan McEniry Corporate Bond Fund drawdown is 4.69%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.94% | Mar 5, 2020 | 13 | Mar 23, 2020 | 79 | Jul 15, 2020 | 92 |
| -13.16% | Aug 4, 2021 | 307 | Oct 20, 2022 | — | — | — |
| -1.83% | Feb 12, 2021 | 25 | Mar 19, 2021 | 74 | Jul 6, 2021 | 99 |
| -1.31% | Oct 3, 2018 | 58 | Dec 26, 2018 | 9 | Jan 9, 2019 | 67 |
| -1.04% | Sep 5, 2019 | 7 | Sep 13, 2019 | 12 | Oct 1, 2019 | 19 |
Volatility
Volatility Chart
The current iMGP Dolan McEniry Corporate Bond Fund volatility is 1.11%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.